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York,- N.
New
'
Y., Monday, December 31,
1945 i
■
i
• •
■
,
General
RAILROAD
Adam Hat Stores,
.
■
•
.
Corporation and Investment News
PUBLIC UTILITY
-
INDUSTRIAL
-
v -
LIABILITIES—
Inc.—Sells Holdings—
Sundry
Mass., to Miller Brothers of New York City for .•
addition, Richard Bohm, Joseph Bohm and Otto Wolf
interests in Haverhi.l-Bradford to Miller Brothers
Haverhill,
Corp.; ef
$277,500.
In
payable
accruals.1
V
;
Haverhill-Bradford
2%%
$84,000.—V.
162,
and
Federal
Oct.
H.
only;
As
result
a
of
this
account
surplus
has
earned
on
eliminate
to
for
surplus'
balance
surplus
amount, of
balance
of
$1,857,484
and
the
Total
$1.
capital
were
reconverted,
not
which
However,
fully
are
our
de.iveries
shipments.
for
tne
materially
present
improving
are
The
considerably
war.
Three
added
during the
corporation
turing
plant,
"pfing gieeded
iloor
which
space,
the
to
size of
bundings
new
provided
greater
etc.,
for
ment
efficiency
1944.
14,327,404
--patent & Royalty exp.
471,727
414,4o2
*
Deprec.
lease amort.
<fe
& diset. to
Comm.
and
branch
Other
selling,
admin,
162,
claims
against
Operating
equipment,
the
U.
r
income
Total
-V-335.374549,883
This
2,464,349
1,994,723
$3,793,313
146,040
167,533
Exchange
218,123
97,749
profits
Hon
.3222
66,003
.profits taxe3—
1
,
Net
Exchange^._—-—-
...
753,811
.
.3224
$455,25?
Surplus '
Earns»
share
per
«
('
$1.63
— _
_
tAfter
deducting
post-war
$2,577 in 1944 and $1,327 in
/
-
Stock Exchange—Curb Section.
of
in
'
CONSOLIDATED-BALANCE
■
N
A3SETS—
Cash
banks
in
SHEET,
and
on
receivable,
Inventories _._J—*
*
-
hand—-■
less
Accounts
reserve—-——-——_
:
—-
• •
1945
$4,144,092
3,802,594
5,180,432
to be included in termination claims
Costs, etc.,
Deferred
agents'
loans
Sales
Sundry
Agents'
Value
life
insurance
in
sicliaties",
-
*404,383
consolidated^—,,——-—J—
incl. parts, less reserves...,
.
not
706,700
166,29$»
4,169,258
1
and equipment (net
'Patents,-trademarks,
goodwill,
fetc.-i-—-———
-
.J—-—
;
Report
'V of
Ms
T*i*vhone
STREET
HAnover .2-2600
V'Sf.-i.
airplane
joint
one
pubstock (par $1)
common
share by^R. H. Johnson
as a specula-?;
The stock is offered
Liquid 3 Savings
on
in
Condition
;
hot
'
V/-.
„■ v
•
(
*
V;
,
.
&
McGee in initiating the original" routes in 1932 ^he
in 1934 had grown to three-Stinsons, five Bellanqas,
Robin and one Aeronca airplane,
■
Bay,
started
Yulcon
and
(commenced
area
In
New Director—a-
* -'
director.
Hugh
"
'
Straits,
Grant
has 'been
associated'with
years,
has resigned
as
Vice-President;.
•continue'to-serve
as
a"
director.'
J
.
1942, Alaska Airlines,, then operating as Alaska ...
acquired May 15,-1942, -Mirow Air Service which had ..
1932-35 and served the [Seward Peninsula, the. Lower d
Nome
to
Anchorage;
Deci- 8,
1942, Pollack Air Lines
about 19351, operating in the Fairbanks area; Nov. 21,;
year
March
in
the Fairbanks*,?1:
/
-
1944, the company's name was changed to
of
Int.
operating
Fairbanks, and Anchorage.
and-between
1
-The
the
following officers
Walter
board;
President. and
were reelected:
Rothschild,
Secretary;
Kenneth
C.
however,
Robert
Richmond,
Chairman
Blum,
Vice-•
Blum,
E
districts,
fishing
,Vice-President;
and
the Seward
'
■
RAILS
■'•'
'■
;
:
.
'
peninsula; "the cities pf Fairbanks
with
of
NEW YORK
STOCKS/INC.
'
-
DIVERSIFIED
:■
'
'
.
INVESTMENT FEND
.
•
*
'
45
'
Teletype-A NY 1-573
INCORPORATED
New
rMembers
4f N." t'.
PROSPECTUS
Kobbe, Gearharl & Company
*■*
York
NASSAU
Security
STREET,
GH
-
Dealerit
NEW
Association
YORK
;
W.
ON REQUEST
-Telephone.
REctor 2-3600
;
-7
/Philadelphia- Telephone
Enterprise 6015
7
<£'
Bell Teletype
N«sw Yt»r.^ 1/57*1
-NEW YORK 5
l ::
»
,
:
LONG and COMPANY
—INCpRPORATED;.
5
-
.
and
the intermediate-areas.
Company' has: been
Public Convenience, and Necessity by thCi Civil
Aeronautics
Board for routes totaling"6/108. miles.
These, together
with an exemption order/ subject to~revpcatiqn at any time without
notice or hearing, permit scheduled operation
between Juneau and
Anchorage; a distance-of 590 miles, total 6,698 mil?s of routes, i
,
together
Certificates
issued
•
Edward e.
President;
company
will,
r-He
.
*
>7
thai? part of Alaska related commercially: to Anchorage^ as
communications and supplies." This includes points alohg
the- Kuskokwin* end the Lower Yukon jftiver Valley, the Bristol; Bay
-
NEW YORK
i/
Alaski "Air'-
■.$■<}' /
f
of
center
Juneau
the
v
ciflcally
s,
who
31
^
in
"1942,^ La^'efy""Aii^wayS/ orgaiiized-J938-40,
as
"
.
"was organized- It acquired from Star Air Service 15
11
pilots, and / routes from Anchorage to McQrath,
Nome, Seward, Fairbanks and Fairbanks to Bethel^.
:
and
During 'the.
April—3242.
;
,
one
company?
Bristol
Bernard D. Lang, partner of the law firm of Proskauer, Rose,' Goetz;
Mendelsohn, counsel for Abraham) & Straus, Inc., has been elected f
for
,
-
The original operation was conducted f.roih Anchorage to the Upper
Lower Kuskokwin and Lower Yukon and to Bristol Bay.'
When
airplanes
_3241
inc.-—fleets
1
of the-Territory and to render service^**?—^-1
available through any -,other air carrier in
■
'
Company is ? engaged in the air transportation of persons, property
-mail within the Territory' of Alaska generally and more' spe-
.^Abraham & Straus,
'
by
used
operation
Pilgrim,
this
l.'_..——3241
Statement
193t,
route
greater part
and
'
..3231
INDUSTRIALS
Bell
-V.°
.
...3232
1945
Dec. 1,
1
r '
o"demefee^cymfab&
Dotfft7V"--gf'Z'J'Z*,
September, 2!?._
?r
■
162,
y;.' —v
"
and
.
Established 1922
r
BROAD
125,000 shares of
pertain "sections
h ,,. >
lines,
oAllen & Compan y
80
; \-i
-..ELECTRONICS/'/1
| MUNICIPAL DEPARTMENT k
of
first organized, Alaska Airlines bore the name Star Airlines
acquired the properties of Star Air Service. x Star Air Seiwice had
been
operating from about; 1933 and in
1934 had acquired McGee.
Airways, which latter had started-in 1932.1 From one Stinson model s
of
Banks
—
Riksbank
Sveriges
.
V'
month
Wheri
Federal
of
June,' 1945
Municipal Bonds
'•
the
and
3230
Member
the
cover
been
FLOaiUA & NEW JERSEY
■
with
for -regular an"d irregular scheduled operation, aggregating
of'6^000 milesi.■■These-routes permit the company to com¬
Star .Airllnes,
SPECIALIST J7V
v
of
excess
in
.3231
Statement
Cotton Ginnings Prior to Dec.
385;050
$19,594,985 $25,478;243
Such..adjustments have
made Dec. 26 at $15.50 per
SEC
of
Total
ln,
ending
'
:
-
Federal Reserve October Bpsiness Indexes.3242
695,182
-' 1-35,614
3,937,085
2,422,241,
"Appropriatiori
as
subh amounts
or®J cJas^ed :as provision-, for taxes
ti?is statement in ^amounts equal; to the
the" aceelfrrt.n,^!5!^^tiS"
Alaska,
.
a
-
:.i
3065.
pletely
.3231
Federal Reserve System....
179,605
>
lS^ fre
.
3232
Exchange
Auction Sales
201,901
208,623
,
provision
Amn»,ftSerVif>' ^ which ^serve Account
from
months
as
resulting from the amortiza-
! tacilities; byjve been reclassljied
.
,
company
to the reduction in Federal
Lni0in'e
iion»,.l';r.i/
.3228
Reserve Banks
sub—- '
machines,
Rental
Plant
-i!-!-——-1_
portion of taxeS-I—
and ;advances to English
ied by tUe
1,101,261
$3,397,003
,
HISTORY AND BUSIflESS^Company.l incorporated Nov. 27,
uAder 'the
lawjf of: thd -Territory
of Alaska, has certificated
Condition
93,581
„
215,369
—
refundable
Investment
.
1
etc
policies
securities
Miscellaneous
Post-war
to
commission,
advance
of
277,317
226.799
29,939
—63,183
operation
—.—
accounts for merchandise!
and a^duncfe—1-—
charges
1,296,189
mileage,
1944
,
96,189
r.
.
& Co. and associates.
.3229
Exchange_L
Rates..
Combined Condition Statement
$5,274,481
3,577,088
5,227,682
72,806,647
262.391
253,933
25.262
:
$4,498,264
$65,317^a-'"$263,988$2,705,465
D
was
.3227
.
—
The Course of Bank Clearings
1945,
JULY 31
$4,001,654
.3228
Foreign
*
•
Markets.
Dividends Declared and Payable
$906,937
$2.20
$12,003
$360,177
.3228
,
portion
refundable
1942.
...
lie offering of
.3224
Exchange.—_
Sales...3243
Redemption Calls & Sinking Fund Notices.3231
i
\f:
,
2,268,986
$65,317
Alaska Airlines, Inc.—Common Stock Offered—A
13228
Stock
State and City Bond Offerings and
provision for excess;'profits tax of $1,582,000 in 1945;
$2,250,000 in 1944; $2,274,500 hi- 1943 and $406,900 in 1942
(after
deducting
post-war
reiundable portion—$250,000- in
1944, $133,000
in
1943
and
$2,100
in
1342,
and after debt retirement credit of
1943.
2,268,986
prop.
stimati l-edultiL
p.
Miscellaneous Features
"Includes
,$120,000 in
$6,767,250
189,082
Stock and Bond Averages—j_—.
753,813 *
.
2,999,208
$6,270,640
Transactions New York Curb Exchange
$1,660,750
$374,536
$1.50'
$477,786 /
$1.61)
com._
250.448
$549,259
189v082
been
.3227
General Corporation and Investment News.3185
$1,128,349
753,813
5,972,005
$9,956,733
3,189,483
.3224
Exchange-^
6,221,001
*
«reditfd°
the
1945—12 Mos.—1944
$2,833,167 $32,373,041 $32,242,566
1,296,346
13,225,640
12,9o$,2uA
281,183
3,656,551
3,job,o23
$9,269,849
ol^emeramrv
resulting
70,371
753,813
and
249,692
inc.
ties, such' amount
to earned surplus.
.3224
Exchange.—
Transactions New York Stock
99,287,
32,035.
$1,231,599'
cash
on
455,929
stock,
pfd.
cn
n
*
Stock Exchange—
Toronto
±-
$1,209,065
profit
Dividends
%
payable
$254,400
—
were
.3223
f Canadian income & ex¬
cess
liquidating
be
$799,707
deductions.
income
have
.3222
.3223
/" 832,900
2,725,000
2,725,000
2,125,000
to
651,371
excess'"DTofits^ hf?
in
taxes
partial
stock
1945—Month—1944
forTaV^s'tVnv^vt
.3221
Stock
Over-the-Counter
"Federal income and ex¬
cess
162,
stock certificates
of
1,132,976
329,011
Balance
.3221
Montreal Curb Exchange
700,000
-"
107,497
.
Brown,
$504,092
^reserve.
.3221
_—
Exchange—
Montreal Stock
$3,363,309
$3,960,846
H.
Secretary.-—V.
Co.—Earnings—,
taxes.—.
Approp.,,to special
-3212
Pittsburgh Stock Exchange.
$3,177,648
185,661
•\
etc.
Interest,
$4.086;383
$3,618,191
___—__
initial
an
capital
$2 618,052
for
Bal., of
_3201
Philadelphia Stock Exchange---
2,101,421
$3,940,343
the
on
surrender
income
etc.,
Net
Los Angeles
4,742,766
82,866
Provision
Issue
Exchange (Bonds)______
Power
revenue
Gross
St. Louis Stock
4,423,151
$3,535,325
..
upon
Operating expensesDepiec. & amort...——
completion, including $220,678
$101,684 for interest and financing
Detroit Stock Exchange..jr.
*
352,408
581,578
contingencies
for
prov.
_
tools,
3065.
p.
Chicago Stock Exchange—J
1942
4,213,853
—-—
share
per
1946
Period End. Nov. 30—
Gross
Govern¬
S.
(Stocks)_____
Stock
Stock
Cleveland
2.706,329
income
income
shares
753,813
by
Toronto
Other
Richard
Assistant
,
prior to
sub-contractors and
New York Stock
and
gen.
authorized
have
$8
7,
Alabama
Page.
31
5,003,573
expenses
Stclger,
by the holders
thereof to the Central Trust Co., Lansing, Mich., for stamping.
The
Committee
on
Security Rulings of the New York Curb Ex¬
change ruled that the capital stock be not quoted 'ex1' such distribu¬
tion until Jan. 7, 1946.—V. 162, p. 1385.
:
'
'
agts.
expense
termination
New York Stock Exchange
11,058,751
15,624,75L 17,491,181
420,038
523,073
tRepresented
Cincinnati Stock Exchange-,-.
.1943
'
$25,478,243
of
Jan.
Divs.
in
$27,064,820 $27,186,472 $28,587,625 $22,014,572
A
-
'^ OF good? st^id
Efctflheer.* lab., -tdevel.,
H.
(formerly Atlas Drop Forge Co.)—To Pay
directors
dividend
after
Stock and Bond Quotations
Subsidiary Only)
Canadian
1345
sales
ENDED JULY
YEARS
FOR
ACCOUNT
INCOME
in
V loan.—V.
aitimore
Includes
for prior years.
terminated
contracts
on
Boston
(
A.D.F, Co.
The
Int.,
December.
CONSOLIDATED
$19,594,985
—u
In
erected,
were
$388,451
for advances to
iomtletto »'nd
early
3,062,033
—
Vice-President;
Solomon,
Rollin
Initial Liquidating Dividend—
700,000
2,000,000
500,000
1,109,838
7,538,130
569,379
4,464,265
.——
included
be
expenses
manufac¬
its
to
im¬
provement is anticipated dining the next 60 to 90 days, which should
-materially increase shipments of Addressograph-Muitigraph products.
\
909,801
400,0C0
I.
and
1881.
P-
limits
iurther
and
1,483,954
(par $10) not including 6,400 shares in treasury.
JMaterials, costs, expenses and expenditures for
at an all-time high, amounting
to $o,745,230, as compared to $2,41j,b2l at July 3a,
1»44.
Since the
end of July
there has been a further increase, and unfilled orders,
exclusive of
orders,
now. total
$7,710,750.
The
replacement supply
greater part of this increase has, of course, occurred since May 16,
1045,
the date
tnat
the War
Production Board lifted restrictions
affecting our purchases and sales.
Aitnough our factory is converted
to
production of regular products, many of our sources of supply4
at July 31,1945,
(est.)
,—(—a——-■
_.
ur——j.
♦Including
charged
was
surplus.
Unruled orders
116,432
taxes
Sidney
Vice-President,
Accord¬
assets.
nominal
entire
e.iminated,
been
Capital
Earned
from' the
intangible
the
to
were reduced
reduction,
the
income
7,538,130
financial
the
of
obligation-—
foreign
stock
tCapital
carried
heretofore
iraangib.es
the
President,
Rogers,
the. purposes
tor
decided
board
tne
amounts
ingly,
to
and
due
the
sheet
E.
-
sinking fund debentures—
2,000,000
10-year 314% sinking fund debentures-—500,000
Reserves for conting., add'l taxes, insur., etc.-1,158,464
xohowo': •'
stated in part as
consideration,
27,
After
statements
Josepn
and
Chairman,
Woods,
1,406,310
MISCELLANEOUS
-
Treasurer;
$767,848
1,274,971
2,775,000.
102,926
2,651,596
1,024,290
$1,019,861
*-
3%
15-year
Addressograph-Multigraph Corp.—Annual Report—
Frank
notes—
1944
1945
-
——
-.i—j.
^
INSURANCE
-
Agents' and salesmen's credit balance-—.—
2V4% note payable to bank—
'.
1633.
p.
,!v;
'
:
■————
Supply .contract
have sold undisclosed
for
loan
"
"
Accounts
corporation has sold its 42'/a'M interest in the common stock of
Corp, and its 50% interest in the Milius Holding
The
-
-
,
/
tJi:
A
"-:;r
'
634 so- SPRING ST. }
LOS ANGELES 14
-
"
o
7
•
*-»•
-
4
:
3186
Growth
revenue
icvc
sho#ti
Is
position as an air carrier
figures in fiscal '
years ending Oct.
6
company's
the
01
following
louuwiug
the
uie
THE COMMERCIAL & FINANCIAL CHRONICLE
'
PaSeVnteremr.-„
Maif
cooHo-
jResult of
«i
A
.fi'odj
§6,842
period.
Total
were
not available..
are
Net
Operating- profit
and out to mining properties
PURPOSE—The primary purpose of
"expenses
to
"
of the Territory of Alaska,
development
the
„„c
Trust
-
multi-engine and single motor plane
—
————
J—
(4) Communication and flight direction equipment
—_
(5) Added maintenance equipment.,
(6) Hangars and field improvements——
"
175,000
:
81,750,000
''
,
j_
—-
_
_
--
—
has
company
made
a-
Prepaid
Aviation
HmnciMH
1
$191771,
was
of
S«li!
re
10
.
decline
.
,
net
™Net Scurr<fnt ^sets^^o^ June1130^1945
reflected
increase
an
$980,000.
Total
last
the
At
statement.
on
Dec. 27,
year's
meeting
a
new
a
«.Totai
pr0f|t
Prov
decided
dnectors
call
to
net
Consol,
.
the
1944,
at
Earns,
prof't—_
share-
SO 97
.dividend
of
the
on
record
low
shares
of
preferred
Plans
office
and
shop
buildings
for
the
shares
acquisition
the
vicinity
(
.
General
No.
of
—
completed
pick-ups
served
Towns
felt
the
1,039,302
1,073,040
943,627
92/J
90.8
4,780
64,472
4,678
4,368
58,640
5,944
5,533
75,587
—
:
—
—:
118
118
the
rather
dividend
the
days"^
1,3?3
the
~
969 698
681 180
Plans
for
the
construction
end
of
work
is
of
the
Co.
for
<W." Van
of
is
in
progress
the
first
having
be
Ranney
the
collector-type
gallons
of
1,000-acre
water
site
Louisville, Ky.
new
plant
an
the
enable
through the
own
Calco's
by
the
at
the
Calco
of
directors
payable
have
Affiliated
declared
31,
1946
are
of
has
Ben
new
Distilling Co, has
Beta
to
organization
26,856,207
19.6
21,022.899
19.6
also
miles—express
of
No.
—-i_
pounds per mile
exp.
initial
dividend
of
record
in
which
interest
this
(6,500
FISCAL YEAR ENDED JUNE 30, 1945
Capital Surplus
1944
—
885,462
proceeds over par value of 5,690 shares of
"
■
Excess
of June 30,
as
of
cash
stock
common
——
to
sold
employees
11,370
—
EX«frS value of 137,890 shares of common stock issued Vfr
vafin«rnf^37 aqn2 9hIrP^hofernmmnf/eiroHYSic^H in
par
Balance
„o
as
tuna
•'
on
of June 30, 194o
Earned
Balance as of June 30,
Net
income
lor
Total
——/
far
t
13,719
0f
the
for
United
the
quick
States
to
and
efficient
important
points
of
throughout 4he
dissemination
Under the tariff schedule proposed by Mackay Radio, the
transmission
press
——
"
•
». v»
(
.
ti
•
•
,
of-the
news
T. 162, p, 3065,
$364,170;
—
•
corners
niission of
—♦.
—;
American news
service
will
be
reduced
to
the
level
of
Rent
for
world
with
news
and-information
for
v
"
i.
i
to
+ i,
simultaneous
multiple points at the lowest rates'in .the'world.
.it
(
:
>
j
7
.
^
s
cents
21,
per
1946.
interest
in
Beta
-last
at
company,
sharesi,
sold
was
oa
The Amer¬
Corp.
1945—12 Mos.~>-1944
1,664,277
1,382,489
85,365,689
6,227,847
6,270,801
$20,254,797 819,343,633
lease of plants
(net)'
;
Operating
Other
6,550
^
income;™
income
Gross
Net
5,373
So,534,843
(net);
17,603
Int.
to
public,
236,043
332,405
685,481
852.498
83,692,715
$120,922,675
320,176,129
£46,653
2,107,208
"2,127,433
etc.,
531,402
Balance
*jpfd.
20,007
$5,360,310 $20,237,194 819,323,631
85,820,891
income—^
deductions
85,289,439
divs. to public^i-.
85,146,057 818,815,467 $18,048,696
528,002
530,860
84,761,487
2,113,729
2,149,703
Exchange adjustments
working
capital
84,615,197 616,701,738 815,898,987
on
(net
-Balance
..
139,632
84,733,303
.
24,954
.
Net
equity
of
■
305,072
■,
*
187,656
•
of
in
co.
-■
r
siibs._™,
A
Co.,
645,403
■
•
84,467,173
.
,21,225
816.031,381 815,352,661
12,249 '
'.'75,710' ■ '
37,483
84,449,456
84,479.422,816,107,091 $15,390,149
■
—
chgs.,-' incl.
«'• '
,
817,838
'.694,553
2,927,122
v
.
of debt disct. and exp,
875,146
874.564
requirements
whether earned or unearned.
.
(Company
End. Sept. 30.
Subs
From
-
Other
Total
3.488,709
3,871^095
-
amort,
—
of
discount
and
Balance
only)
1945—3 Mos.—1944
~
,
.
'
1945—12 Mos. —1944
84,181.114
$3,783,949 $13,249,503 $13,333,933
694,553
2,927,122
2,534,982
817,838
875.146
874,564
3,488,709
82,488,130
$2;214,832
86,833,672
expense
BALANCE SHEET, SEPT.
30,
ASSETS—Investment
•
INCOME
$3,771,700 813,173,793 813,296,450
12,249
75,710
37,488
debt
surplus
.
OF
84,159,889
21,225
Exp. etc., chgs., incl. tax.
and
2,334,982
•
$2,910,305
89,691,260
88,934,072
applicable
to
the
respective
periods
COMPARATIVE STATEMENT
—
'
$2,756,472
dividend
Period
•'
84,428,231
Int. to public and amort.
Income;
315,249
S4;467,173 $16,031,381 $15:352,661
taxes
*Full
'-
'
Inc.-/-
—'
etc.,
'
$4,428,231'
(asabove)__
Exps.,
V
Foreign
Power
equity
Total
31,077
84,654,829 816,676,784 $15,867,910
Portion
applic. to minority .interest3-.__v_:
•
.<
..
28,134
)
•
Int.
reception at authorized press receiving points. Predicated upon daily
use for eight or more hours during the 24 on an annual basis, the
new service, • according to Mr. Pierson, will make possible the traus-
$377,889'
,
paid on convertible non-cumulative preferred
per share
i
:—
30k 1945
making
The new service contemplates the use of Mackay Radio's high power
transmitters located in New York and San Francisco to blanket the
$186,118
191,771
1944
stock—50 cents
Balance as of June
towards
approximately Va cent a word.
Surplus
year—
—
from
news
cost
policy
national
world.
177777"
8648,392
—
Cash dividend
step
This innovation in modern communication will serve to aid mate-
rially
*
551,560
tnereox
conveision
major
50
Jan.
$1,500,000^
1945—3 Mos.—1944
__
Balance
available for*
world-wide distribution at the lowest rates in communications history;
was announced on Dec. 17 by Warren Lee-Plerson, President.
Applica-:
tion for approval of the new service, which will be supplied by the
Mackay Radio &. Telegraph Co., a subsidiary, has been filed with
the Federal Communications Commission.
,
STATEMENT OF SURPLUS FOR
Balance
'
American Cable & Radio Corp.—Proposed Service—
fjrst
to
Co.—Initial Dividend—
an
Inc.,
stock
no
Other income;„
n
The
intended
inorganic pigment
2937.
p.
85,541,398
Net
New Vice-President—
14,382,351
15.2
Pound
Aver.
an-
,
•
it3
.,
appropriations
-income
.
broaden
assets of Ben Burk,
Inc.; producers of Old Mr. Boston liquors,
included the original Boston
plant and all brand labels.
Ben Burk,
Inc., is in liquidation.—V. 162, p. 1882.
American
122,185
to
products developed by the
Cyanamid Co. as well as those
Corp., Boston. Mass., for
Balance
Horace A. Deane. who is in charge of 18 of the company's 57 plants
and ts responsible for the production of brake shoes and miscellaneous
castings, has division—V 169
been •-appointed-a 9138 President of the brake shoe
Vice
nnfi
roSt1nffo
and castings division.—v. 162, p. 2138.
,
47,964,496
50.8
'•
qoSfan?
of
put
down
Supplies Co.
Water
■
•
-
the
capacity
being
now
to stockholders of
Burk,
46.428%
a
19,
to the company's research faci.ities at Mahwgh, N. - J. The
construction and plant improvement for 1946 now .approximates
an
welt
by
Company in Liquidation—
assets
1945
are
expected
is
new
American
Newark, N. J.—V, 162,
Jan.
units
estimated
Methods
the
and
It
completed
research
groups.
It
Is
Island plant the present
Willow
new
now
each
Ranney
introduction
of the
at
day
per
by
will
wells
for
approximately
site.
be
include
plans
warehouse
serv'ce
will
awarded
contracts
to
the
at
unfts
Chemical
construction
been
Present
buildings,
expected
product on and
f'rst
major
have
The
structure*.
wh ch
now
of
the
plant
York.
New
and
Calco
comoany's
contracts
1946.
Two
be
$10,000,000, Mr. Given said.-
394 369
90,571,302
84.4
147,633
carried—mail
meeting,
plans for
of
were
•
Given, Jr., President,
research laboratory to
William B.
organic
board
of the
purposes
obligiftions
interest.
Operating- revenues.™ 822,271,849 S19,909,726 883,425,215 876,584,076
Oper. exps., inch taxes
15,066,174
13,161,546
56,942,571
50,909,637.
Property retirement re¬
added
1 312
137 onanqo
mileSr-mail
—
137,208.039
Aver. No. of pounds per mile—mail
100.0
Pounds
carried—express
...—__
167,830
Pounds
Snnrt
Pound
the
approval
is
expense
American & Foreigrn Power Co., Inc. (& Subs.Earns.
:
•
of
it
rates
annual
servicing
than
manufacturing
of
cost
and
Subsidiaries—•
S3 30 '
,
their
svocl:
part;'
-
*
Following
nounced
Ti3
1'312
—
—
flying
5,008
„
r
preferred
exchange
common
in
that
annual
The
•
Brake Shoe Co., following his return from service with < the Navy.
Mr. Davison served on the company's directorate; from 1936 to 1942.
Charles D. Dickey, a Vice-President and director of the Morgan bank,
who has been a 'director of American Brake Shoe for three years,
resigned.
1,155,477
'
.
for
annually
••
roadway's
ican
Davison, a Vice-President and director of J. P. Morgan
& Co., Incorporated, on Dec. 12 was elected a director of the American^
,
1,370,826
.
.
ex^
cash
prior
new
and
directors
if
that
initial
the
Dec.
Harry P.
,
89.3
»,
made
NoU^of Scheduled
'
'
'
0%
Island
Construction
for
the
The
7,039,864'
Dirpetnr Relnrnq-—
:
voting
the
in
8100.000
of
reduce
to
its
on
Manager
Willow
.
American jsr^tKe anoe LjO.—iJireciOl IxetUins—
cost
a
1,535,558
—
miles ,flown
Trips scheduled
American Brake Shoe Co
i°4a
Per cent of maximum performance
Trips
at
-
,
more*
or
one
1945
miles
revenue
revenue
of
Wilmington
of
_
Scheduled
to
per
Commercial Operations
Division
Years End. June 30—
Actual
82.50
"
Transport
Air
^
sold
were
at
«5TATT<?TTrR
trafftr
,
of
the. sale
year..
8110,000.
in
sold
were
previous
employee
an
provided for
shares of stock
5,670
plan,
this
formulated
been
have
to hvlaeAS
1S44
1944,
September
which
per share,
and 20
similar plan for the
a
approximately
of
in
$3
at
under
paid Sept. l,
was
held
approved
was
Under
stock.
common
employees
stock
meeting
85
holders
said
interest
taken
the
announced
plant,
accounts
'Excluding the sales of stores not owned at all times during both
periods.
tEstimated provision for 1945 Federal taxes has been adjusted as at Oct. 31, 1945 to conform to recently enacted tax leclslation, the entire adjustment being included in the operating results for
the three months ended Oct. 31, 1945. jln 1945. earned 'surplus was
charged 8509,095 for underwriter's commissions add expenses incident
to the sale of 200,000 shares of the corporation's 4%.., cumulative
preferred stock.—V. 162, p. 2265.
I
1944.
plan
purchase
share
preferred
15,
Aug.
stockholders
the
At
stock
full
make
who
and
$27.50 per share,
'
with
8105,
than
more
proposal
dividends
Period End. Sept. 30—
14,700,000
J8,616.269
84 15
2,020.818
J2,569.694
81.23
:
of
2/10
(Tnejr 2imerivaii oisiHliiig
1945-12 Mob.V1944
*
Jan.
first
preferred
the
foundations,
steam
..
+18.000,000
.
•
prior
of
new
Turner
The
v ',
4.900.000
at
.
has
its
call
serve
com.
per
the
plant
share
exc
+4,700,000
meeting
outstanding 6%
for
cace
Moody,
at
relocate
normal
surtaxes-
and
taxes
7,269,694
taxes--
Fed
est
taxes,
Hardy,
plan it is necessary to obtain approval of
each
of
the
two
classes of stock outstanding.
the exchange of stock is to be determined by the
162, p. 2937.
/
66%%
developed
60,410.770 270,526,492 226,383,987
60,293,321 260,004,473 223,752,622
6,920,818
26,616,269
21,739 884
66,760,085
bef." Fed.
for
profits
all cf the non-cumuiative conveiiiole prote.reu stocK
outstanding as of Feb. 16, 1945.
None of the 27,578 shares were '
redeemed
and
all were converted into
common
stock in the ratio
«f five shares of common for one snare
of preferred, resulting in
the issuance of 137,890 shares of additional common stock.
The last
sales——
net
C.
sidings,
»459
1945-3 Mos-1944
67,210.933
of
department
6.149
;
sales—:
net
effect
17,834
Allied Stores Corp. (& Subs.)—Earnings—•
■
to
50,000-
consideration therefor, and after
1944 for reserve for amortization.
.
Period End. Oct. 31—
'
V-T Loan Agreement was signed providing for a credit of $1,000,000 for the purpose of financing War
contracts.
The agreement expires Dec. 31, 1945.
Renegotiation
proceedings
lor
the fiscal year ended
June 30,
1944 were
instituted and concluded during the current fiscal year.
The
final
agreement does
not alter the
earnings
as reported
in
1944
27,
July
On
.
special
a
cumulative
callable
first
the
served
order
18.508
7.7
'
best
reduced
50,000
—V. 162, p. 2809.
over
.
in
the
Stamford Laboratories
tlncluding 8141,002 based on stated
issued
and $35,863 in
1945
in
$48,527
stock
capital
of
•
ofapCpToSte!"
ST
.
value
possible
be
The
tAfter reserves for depreciation of $339,015
1945 and $77,993 in 1944.
64,198
all
dividends
of
activities
c
in 1945 and 8305,614 in 1944.
..'.i.-.vsrur the Air Transport Division of $73,932.
opera"1^ < revisecj mail rate was fped
the Civil
An
applicatiogard May 25, 1945, but it is believed that an upward
Aerona^ustment will not materially affect the loss for the period.
r°2. The write-off of 862,968 deferred charges in connection with
1
^
hold
company's
4V2 %
saving
prevailing
should
be
the
of
extent
closing
on
l^S
7,7
the
form
4,000,000
°After deducting advance payments received or due of 8184.745 in
are
.
f
The
\ ■
" 29,303
comnionVt6cripirW-;-X:-^lI-:.5:XV
will
19
the
of
par,
a
of
if
that
1944
——
total
advanced
832,834
41,701
SSgS,
f0r-the
dSons
pIw
F.
Vice-
a
J.
American Ovanamid Co.—Awards Contracts for
Major
Construction Work at New Plant—
of
uninsured losses
provide
steps
would
$3,COO,000.
;—
•".!
191000
fn/S0ni Vr'
for
the
to
81,624,389
Reserves for overhaul of aircraft and engines
f°"°WS:
1.
S1,880,C83
Reserves for post-war and other contingencies
Charles
t
work
11,949 ■*
: 7
32,645
of
the
Division,
SHS
42,067
be; 8100
accompanying
that
"To
S.
:
t •' 1945
$143,322
was
and
was
M.
company.
elected
Manager,
re¬
Hugh
Manager,
,
78,823
-
A
directors."—V.
lTsqnq
42,689
:
Carter
Hardy
board..
preferred stork,
Variou*
methods of accomplishing this
objective have been considered by the
management including a refunding program which would involve the
call of the outstanding
preferred shares,
..
- ' "
The
10,364.--..
,
the
of
J.
the
General
company
also has 364,017 shares
shares are held in the
treasury.
company
"In
100,421 '
;
issue
new
outstanding
view
the
•
232,093
-
22,704
cligs.
LIABILITIES—
Anded June, 3011945>
compared
w^
two important
as
The
$238,588,
def.
sundry
—
-'In
,
in
159,106
3,841
vug'tRS
Accounts payable
—
—
—
Accrued salaries and wages —
Accrued social security, withholding, franchise
w.,
1945
•
Dec.
to exchange
will
would
statement
holders
-
of
•:,1
^.<m
- .
43 019
and
be
evident
to
.
•••.
91,452
from
receivable
,
5,000
^S?A«SSpSw-?7SSSSrTtnK.n
A
110,299
-
—
-RAsrYYM-f
Annnol
T«/»
ye„
year
_
,
Sugar Co.—To Reclassify Stock—
record
a
directors
Charles
of the existing first preferred
get one new share of prior preferred
first preferred outstanding,
dividends.
company
;73,357:
~
deposits,
exp.
Total
A/Tai-cihfiii
»r
All
.,,,
$240,443
'
on
sales:
of
plan
which' 51
^ ;"
$535,30o *
*«iTv?.o
jS?eS Jnd patent appTteS-
& Marshall
Foster
1Qi-
v
__
cost)
iac
Reserves
Middlebrook—* 10,000
ir'nnn
io,000
&
Coburn
- « ;
—_■
General
to
of
Chairman
stock/The
..
30
;
^
Deferred organization, franchise, experimental
and development expenses at cost, less amort.
s|000
J. C. Bradford & Co.—I—.
Reinholdt & Gardner
Inc.-.I- Ib'oOO
Goodwin,
u
Koel & p0- iS-JSS
KUdeflco4?oS2
m
Bond'&
j
subsidiary
foreign
Shares
Shares
tune
sheet
•
tEnuinment
125,000 shares, are as follows;
the total of
of
yet
not
BALANCE
i,
,
Inventories (at average cost)
Investment
in
and
account
.
plans to acquire'additional
type of equipment or source
its
r
,
,
any commitments in furtherance
equipment, nor has it selected the
exact
of supply. It intends to purchase
approved equipment fiom non-affi.iated and lecogmzed souices.
UNDERWRITING—R. H. Johnson & Co., as "managing underwriter"
executed an underwriting agreement on Dec. 12, 1945, with the company as "seller"' to purchase at 814 per share 125,000 shares of the
common stock from the company for public distribution and sale.
Other dealers in securities have become parties to the underwriting
agreement as underwriters and their several commitments, together'
with that of the managing underwriter, to purchase specified blocks
The
of
?
board
subsidiary;
Holders
will
would
8188,588 V
Recoverable costs and fixed-fee on contracts
for services—
—376Payments due under fixed-price contracts-—
196,403
Other accounts receivable
110,i63
Due from foreign representatives and other
employees .—u——
—_—5,o3o
* Con tract work in progress (at cost)
649,739
1,000,'000
85,000
125,000
240,000
—
-
_
.
Due from other U S. Government-Departments:.-
25,000 ''
.
in
2,526
187.555
4,015
50,000
-
for
stock
share
.
Due from U. S. Post Office Department mail
revenues receivable —
.—---—-■—
;
equipment
*"*
-
,,
Cash in banks and on hand
$100,000
(3) Standardization of
,
"
~
.
Total
.
assets—
(2) To
(D General
*
'
™
hew
The
—
which 826,546 is applicable to prior years.
company
•
change
each
of
plan
a
stock
privileges.
8433,424
5,740
*62,968
.
on
of'the
elected
Ericson, Patent Counsel,
directors.—V. 162, p. 2937,
elected
vote
The
—.—,
Net income, transferred to earned surplus—8191,771
by a
be used to pay on account of unpaid balances on
purchase contracts with Alaska Airmotive, Inc. and
Frank V. Pollack and Hazel N. Pollack—
:
——
this
of
R.
stockholders
to
21
owned
Vice-President
and
General
Manager of
and
stock.
M—_——- —
y ;.
---.
(!) To be used to discharge the indebtedness created
loan of 8100,000 recently made by the Guaranty
Co. of New York to supply working capital.
-
formerly
George
preferred
6,192
Miscellaneous deductions —Provision for Fed.: normal inn. tax and surtax .
13WT Provision for State income tax—
—
2,709
Afirop. to reserve for post-war and other contg.
—
provide
adequate funds for standardization of equipment which will reduce
maintenance costs; procurement of instrument flight facilities which
will increase revenue flight hours;
enlargement of facilities to meet
the
increased services to be rendered by the company as required
lor
-
-
C<>.—Nev/-Vice-President-—
Vice-Presidents
was
formerly Assistant
were
The
18
$432,232
8356,635
and
American Crystal
,
Route survey and other transportation develop,
passengers
is
financing
the
Jr.,
Dec,
on
wholly
a
Pres.dent
President.
8416.688
u—36,066
:
:
8392,701
.l:——
-4,262. ;
Weed,
Peterson,
2,418.019
84.340
45,631
C.
held
Corp.,1
President
as
elected
82,919,047
2,709,147
—
'
Total income
Interest expense
consists of
passengers
in
"• 83,185,345
„
Other income
...
constant- portion of the company's revenues
engaged in the fishing industry and
on contract.
but
small
H.
—
company's passenger revenues, particularly during the years
1943, consisted largely of passenger flying on Government
business.
By 1944 revenues from this source were materially reduced.
carried
services
and
meeting
a
signed
.
Total from operations of mfg, cleveloo. divi.j.
8430,567
...
; /; .•;•/
.———
and
seasonal
sales
lr
'
•
.
Cost of sales and servicesDepreciation and amortization charges—
The
1942
At
Carburetor
—v
1
W.
1;292
.,
,
elected
20,' reporting to R. A. Williams, ViCe-Presiddnt in charge of
Lyle Richeson, Frederick H. Norton and, Philip A. ,<Hollar. •„
Changes in Personnel of Unit Also Announced—-
Total from operations of Air Transport Divi.
?irs73 932 " 515,544
Operations of Manufacturing and Development Division:
Sales-and services
83,446,241. 83,720,330
Voluntary price .rebates on war contracts—™
260,896
801,783
31, 1944
statistics
miles flown during 12 months ending Oct.
4,783,659 and 4,231,262, respectively.
Earlier
passenger
1945,
and
A
8,244
income from U. S. Government serv, contracts
Fiscal year
operations
of
following-were
Dec.
814^252
x>/'S82,176
:
The
"•
o4l,o*2
Operating profit
commencing Nov, 1, 1942, includes the first full period
after acquisition of the Mirow, Lavery and Pollack air
services.
tNine months to July 31, 1945.
Jit is not practicable nor
could the results from operations be accurately presented for the individual fiscal years, but the results for the years 1938 to 1941 combined was a loss of $6;842.
§Loss.
The rate of loss for the nine months ended July 31, 1945, is computed at 43.4% of the total revenues for that period.
It is estimated
by company officials that loss for the ensuing period of four months
to Nov. 30, 1945, has not exceeded the rate of loss for the previous
nine
months' period and may show an improvement.
It has been
impossible to obtain accurate and definitive figures for this latter
*
j1 »•»*.»« K«J»g
iuiai °^iatm8 expenses.
93,482
*1,398
5134,502
§118, .>76
-8290,42a
opei'._
?!'£«!
.
$187 115
108,915
S673 834
161,490
W01
106,632
»«MM
72,073
Freight
American Car & Foundry
INCOME ACCOUNT FOR THE FISCAL YEARS ENDED JUNE 30:
,,
_
,
.
.
,/
Operations of Air Transport Division:
'
1945
;?1944 j-'
by
31:
in,,
Monday,- December 31, 1945.
securities
$491,254,441cash . .and \ U.
accounts
receivable, $3,905;
S.
and "
3.871,095
.
$6,927,861
1945
advances—subsidiaries,
;Government-
etc.,
securities,"'817,561,010;
interest;,receivable,? $1,287,243;
other
cur-
,
THE COMMERCIAL & FINANCIAL CHRONICLE
'^Volume 162 ' Number 4451
rent
assets, 512,059; special
total, $516,719,965,
320,169;
.
However,' operation
deposits, $231,138; deferred charges, $6,4
,
:
;
'
.
:
:
LIABILITIES—Capital stock, $393,940,452; gold debentures, 5% series
due
$60,000,000; 3C/ notes payable—Electric Bond and Share
serially, $24,000,000; AZ'h: notes payable—Electric Bond and
Share" Co., §6,000,000; accounts payable, $241,262; accrued accounts,
$2,618,753; • miscellaneous current liabilities, $721; deferred creditsIncome from subsidiaries received-in advance,
$90,304;- special cotw
2030,
total,
American
District
of
will
not
begin
construction.
until
This
transmitter-receiver
several
interval
stations
Baltimore & Ohio RR.—Accepts
is
and
Roy
to
'
.
service
had
1
are extensions
of plans announced previously for urban mobile
Substantial- progress has already-been made In the program
establishing-radiotelephone stations in certain cities to provide
urban service to vehicles,1 including trucks, cars, and boats, within
'
and
.
immediately
been
•
New
of
Ward,
A.
Executive
director
a
this
of
of
said
to
that
high
a
eight
of
Bid—
that
announced
20
bids
received,
were
1.597c.—V.
*
Period End. Nov. 30—'
its
and
1.50:i>
--
Vice-President,
company
Dec.
the
company
made by Irving Trust Co., New York, N. Y., of an
1.50(f
on
$1,200,000 principal amount of equipment
162,
from
ranging
low
a
2938.
p.
Bangor & Aroostook RR.—Earnings—
Atlanta, New Orleans, Cleveland, Cincinnati, Miami, .Memphis, Chicago,
has' been elected President ... Milwaukee, Green'Bay, Indianapolis, St, Louis and Houston. / Equip¬
ment is. being manufactured and it is expected
controlled companies, to sue-,
service will begin at
-some of: the cities
ceed C. C. Johnson, who will retire on Jan. 1 after 46 years of service.
within a few months.
L. T.'Haugh, who has bzen
Applications
also - have
been-filed
or
are
under
in charge of commercial activities for
preparation
for
the last 13 years, has been elected a Vice-President.—V. 152, p. .3332.' >-;f statiuns in 32 other cities.—V. 162, p. 3066.
> • - •E.
and
rate
President,
bid
a
Mr,. White
those localities.: To date, FCC approval ha.i
experimental installations
at Boston,
Baltimore,
York,
Newark,
Philadelphia," Pittsburgh,
Detroit,
around
for
obtained
Washington,
White,
notes, series J, payable in 30 quarterly installments. •
The notes will be issued subject to approval of the Interstate Commerce
Commission
in
connection
with
company's purchase
of 500
50-toh steel hopper cars to be built by Ralston Steel Car Co.
routes
for
l!.,
B.
accepted
interest
' intercity
on
.'service:
:
:
(N.J.)—New Pres.—
Telegraph Co.
authorised
erection
equip vehicles with radiotelephone sets. '
Plans for Bell System mobile radiotelephone
f
1
$516,r
^
.
new
permit
'
Co.—due
tingency reserve, $1,625,000;-earned surplus, $38,203,473;
719,965.—V. 162,. p.. 1882.
'// ■ --r; ' V'i"
the
has
the
to
required
service
of
FCC
after
months
,
3187
Rajlway
Hajiway
1945—Month—1944
1945—11 Mos.—1944i
$956,060
673,502
$974,897
500,342
$9,503,970
6,478,105
$8,957,970
5,423,369
opers.
$282,558
$474,555
Railway tax accruals—
123,024
334,494
$3,025,865
1,990,876
$3,534,601
2,439,811
$159,534
$140,061
$1,034,989
$1,094,790
£>r2,541
4,481
4,541
129,336
41,895
229,231
87
$157,080
$149,083
$1,206,220
45,501
46,586
502,800
$1,357,769
522,224s
$311,579
$102,497
$703,420
$835,545
oper.
revenues-
oper.,expenses-
.
Securities Co.—Transfer Agent—
American-European
The Guaranty Trust Company of New
fer
p.
both
for
agent
the
stock
common
2810.
4.94fo
:
»
American-Marietta
t'
-Director
Co.
of
jng Manager of Sew all
City and Dallas.
& Varnish Co.,
Paint
a
•'
:
_
p^ov
Period End.. Sent-. 39—
' Subsidiaries:
•
Operating
Operating
expenses.—.--,
Other
(& Subs.)—Earnings-
Prov.
Tax
1945—3 MoS.—1944
1945—12 Mos —1944
v
,'ij: V.A' jg'-. A ?•.
34.667.735
135.224.834
.-
13,892.076,,58.867,714
20,933,338
8,335
461.997
461,525
441,213
427,395
$1,762,195
540,237
Y 406,705
.
442,369
■;
Y
6,160;
k.
.'203,679
275.836
246,705
$892,321
$156,093
$490,263
for/yean.—_
•Profit for year.
;
9,933,956
Property letire. & depl.
res. appropriations-—
2,529,659
2,918,052
income
Other
9,865,359
-—
153,443
304,491
I—_
9,868,647
9,969.850
39,607,555
41,799,772
(net)
^
39,203.290
41,241,909'
557,863
9,715.204
revenues^—
oper.
•
:
•
■/-.
,
340.028
375,095
Intf
income.
public
to
deductions
I
.Amort/
I
of
CONSOLIDATED
'
miscellaneous
404,265
v
EALANCE
I
-r
15,992.430
1,068.102
312.727
175,647
403,733
Balance
—•
divs. to public.—
Ealance
3,518,373
1.354,428
o-t
21,864.340
4,872.806 Y 5.781,635
—..
*»Pfd.
1,536,195
4,245,440
?n>?
15,192,132
$628,080;
Portion applic to minor.
interests
of
47,504
17,778
11,688
capital
/
;
(bank),
arising
buildings,
control
Mills,
$100,000;
State'
and
preferred
local
stock
(par*value,
from
taxes,
equity
Other
3,516.936
reduction
■
of
and
par
6.214'/a
$7,941,761.—V.
Associated
shares
162,
Gas
of
common—at
874.
p.
cost
(Dr)
4,233,752
.;
16.740,314
16,174,354
3,516.936
4,233,752
16.174.354
16.740.314
/
51,979
491,184
169.218
v
\
Total
3.677.358
—
—
Expenses
4,285,731
16,665,538
148,095
115.498
—
116:909.532
Jnt.
deducts.^-
other
&
Income
Balance
earned
surplus
dividend
"Pull
567,100
—h'L -L.y-
taxes
—
;
76.430
3,465,357
2.918.330
-
,
•*'
2,350.439
2,236,912
-
266,717"
94,896
13,754,855
; '
(Company Only)
(1)
the,
12 Months Ended Sept: 30—
v
Income
from:
i
.
i
i
—:L—
—
—--r_-
Total
——
$7,(57,963
407,054
—
—
Interest-end other deductions—-——
Income
-
taxes
2 236,911'
266,716'
--'1,-1
—
465,712
2 950.439
■
"39.7,148
-
•
,r
issuance
General
by
the
of
senior
the
^
^
;v,-A-A*'•'
Gas &
.
share.—V.
/•
(Incl. Gulf,
*
•
1945—Month—1944 '
-
t-yy;;v-/ ;
j t...
Railway;,oper/ revenuesi - 36,468.208
•
—
m
•
time
way
'
shares
f
American. Surety.
$
$
'
p.
for many
prior to
I/ 2,787,228: ; 7,668,188"v 34,899,702 r 54,374,977
*For ,.month, ofNovember 1945 includes
$3,483,717 Federal income
v
i•
n"
nmj
of
the
succeeded,
companies
as
I
f
*1^
at
;.
reductions
^rtfAtIant^:&I.Chariotte
Air .Line' :EyA—Control-b^ South-:
p.
nW—VifiVn onfi
«stket New'-York
Oklahoma City, -effective *1 ;
A. Houston, the.;
*
-
/i-
. ^
'
_';■
*
**
<;
&n
mi
X.
been
000;
the
..
m.
1386/
.
_
//•„
Atlantic
1.
,
1941.
but
*
in
plus
The
redemption
the dollar
payments
for
$40.47
per
share to $45.18
'/
' r'
per
from
to
Expend $25,000,000
:
: .•*.
.
war's
end
because
the
of
Bendix'
on
-.V,
he said,
I..1--'
"capital
only for plants-and facilities, but-for usual work-
-
.
.
the reduction of-the dividend
on
demands
—
ready to be introduced,"
rate from
cents
75
a
a
contract-terminations
as
and
reconversion
completed.
are
Coast. Line
..
.
_
,
.
/
at
trials; of mobde '-radiU^e.cpnone
w/,;,
totalling nearly : 1,000 miles.
The routes are those between
Ghlcago and St> Louis, r.via"-.Ottawa,
Peoria -and- Springfield
(HI.);
between New York, Albany and Buffalo; and between NewvYork and
T
,
'
.
-
.
AUlOmatlC. "roclUCtS
"Placed
Co.,:
Privately—Company,
a
^
■
•to5e<Jeem>
•
.
"7
* •
\
•••■•
.
•
•;
•
making
was
Notice
a
such
of
,
the
year
the
1944
on
the basis of
a
$55,000,000 renegotia¬
the
annual
corporation's reserve for contingencies.
As pointed
report fqr-1944/ the reserve for contingencies was
by $5,220,522.01 for that year."—V
:
'
The
company
Bender
?
...-1
'*
:
.
as
Controller
•
on
Dec,
Controller,
of John
18
announced
effective
Stetson
B.
•succeeds
Jan,
Co.
:
Boud
It
is
195
feet
appointment
1946.
Mr.
Treasurer of
!
'
■(,.
recently
•.
on
in
It
appointed
Treasurer
corporation will build
Cleveland, Ohio, on the
have a frontage of 80 feet
:
and
occupy
site
of
^
ofthe
a
new
present
on Euclid Ave. and
costing approximately $750,000. The building
60,000 feet of floor space.—V. 162, p. 2938)
St.-
of
F.
'
,
in
will
East 9th
excess
Robert
formerly
Hats, Inc.,
this
building
Bldg.
"wi1! have
that
of
Bender
Stetson
Stores, Inc.—Building in Cleveland—
stated
modernistic
,,Hickox
the
15,
and
Mark Dunnell,
who was
Bigelow-Sanford.—V. 162, p. 2938.
r
162, P. 2636.
' 7',*'
■■
Bigelow-Sanfoid Carpet Co., Inc.—New Controller—
^
Jan.
^OTKImg,'capil;ai lOOKllng toward
T,
was
for
decrea'se in
out. in
,
x
returns
increased
boat
*
$55,000,-
tion fund, of the additional amount of
$8,799,292, which will be re¬
funded, approximately"$6,335;490 is 'represented by income and excess
.profits taxes already paid, and the balance of $2,463,802 will result in
manufacturer of regulators
^C^inan^-Sachs & Co;/a
of
years
actually received a few days after the meeting.
"Since-the. corporation had-already filed its income and excess profits
Milwaukee—$600,000 Loan
/When} these services, are.established it will be -possible/for any rV
euitably-equipped vehicle on the highways-along these routes or:any
U-year. 4
<c Sinking fund lOBn of $600,000 from The
on adjacent waterways to make and
receive calls to or from any
, Mutual
Life Insurance Co.-of New York Approximately
telephone connected to lines "of the Bell System.
Transmitting and
000'-nf'thp'rjrnnp^Hc will Hr. ,,^8
sj.
r~d
/ receiving stations required to provide the two-way voice communica-.
;
w
°
W1
tion service*win .be located. aiong the routes..
Tne/^owO/OOO.-outstanding serial mortgage bonds due
i vApplications for authorization to establish the first, stations"to serye
to 1953,, and ;the balance will be added in the first inthe Chiqago-St. Louis route have already been filed with the Federal "1
stance to working raniial lnnlrlncr
Communications Commission by the Illinois Bell Telephone Co.
It is
an expansion
expected that applications for the other routes will be made-soon. . -.in. uie DUSUiesS.-— V. loZ, p.. x«Jo7.
•
:
t
(
for the
'N.'
determination
also
.
Government
the
experience in
our
had been informed that the Price Adjustment Board
unilateral" determination in the amount of $63,799,292.
•
;'i
the
<» voaet an.
renegotiation refund to
a
"The directors refused to authorize an agreement on this basis, and
the time 6f the dividend meeting above referred
to, the corporation
.
r,'
for
renegotiation
,292/'"'
--
RR.—Purchase Approved—
.
_
in
,
"
,<■
;
made
dealing with the Price Adjustment
1942 and 1943," it was stated.
7
"Subsequently, however, the War Department Price Adjustment Board
overruling .the New York Board of the Army Air Corps, to which this
corporation had been assigned for renegotiation and-which had strongly
1 recommended a refund of $55,000,000, demanded a refund of $63,799,-
tax
.
.
routes
received
expenses,
since
products,
not
based upon
Board
Mobile Radiotelephone Service on Inter-Citv Hichwavs.
J
Li?6 Co. <conn.) to acquire
■'
■
r.
"V-'-11 control, or /the properties of. the Atlanta, Birmingham
Coast rr
t
The Bell System on Dec.r 19 announced plans for extensive service
v\r; i62,-p./2635.
»; v-*"
j
francs
less
.
-
S
dividend. accrujng;
Co., Inc., .23 VI all
;v*' The ICC .on Dec, 42 authorized the purchase "by "the company of
American Telephone & TeIegraph Co.—Plans-Trials of ^ properties of the-Atlanta,. Birmingham & coast rr. The icc
i
•
Mr. Breech further stated:,,"In the annual report for the fiscal year
,/ended Sept. 30, 1944; issued in ApriJ, 19457'H /was explained that renegotiation for 1944 had not, been completed, hut that provision had
by. Hardy
Manager
present Assistant Manager.—v. 162,
{
•
■
■
.
\~V*,162< P« 2635..;
pMa£^]£e3S^
be
understood, en¬
dividends, • if and
•
,
t
Herman J. Roleke, Branch Office Manager at Oklahoma City,
for .this company and the New York Casualty Co.,>has been appointed
will
is
share, Mr, Breech said that although it had been
anticipated,
wholesale-cancellation-of war contracts, and prob¬
lems and belays in reconversion to peacetime production, have mate¬
rially changed the corporation's profit picture.
He pointed out that ; from
1938 to the'peak-of"the war effort in
/
1944, Bendix employment expanded from 8,300 persons to over 70,000
I employees.
At the present time, he continued, the company has ap¬
proximately 22,000 employees on its rolls, and there will be further
.
V
He
Belgian
shares,
these products are
Commenting
-
,
it
;
:/
Co<~~Establishes • New Branch—
,
2.
the
Ernest R. Breech, President, told stockholders in a
28
accompanying quarterly dividend checks.
§aid-that development of new products-has been under
months, but* that only a few could be finished for pro-
/share to 50 cents
Net^ry.^oper.Aincomei
-■
; Establishment
■Jan;
which,
Corp.—Plans
ing-capital items."
,
12,
IResident/Vice-President
Belgian.
underlying
Dec.
Breech
',012
1he Scaplan
;
the
collected
range
Aviation
will be required
of a second branch office? in Texas, to "be located^. In V' ern—QfferiHade to
Prepay Stock—
Building. Houston, and to Joe opened for busjness/On Jan: I-L*"
is "announced by this company, on behalf ofl the American Surety.owiiershin •0f;:cauitM sroek hv ^he
through
Group,'iwhich; includes Amefican Surety Co., New York 'Casualty Cd."^y-by the Southern Railway.
v;i ,
^
umd Surety Fire Insurance: Co., the .new fire- insurance'fiffiliate;- ^An."-Ljputharn.^Hallway'sifixod charges will, be-further-reduced' in 1946
other,.branch/officers located in Dallas, and a service office is„main-a result •Of the.cessation of dividend payments on 15,719 "stamped";
taihed at Austin, Texas..
; v
/
' ; A t > "I' h shares .of Atlanta
Charlotte Railway guaranteed
stock, -;* The
i (The hew^branch office, at- Houston will be the ,39th branch office of
rDa?!
i exercise its option to purchase .these shares at $250 each
the American Surety/Group in the United States.—V. 162?*'p.?1366.••
4646.'»t'Anfcoffer, to pay a similar price has been made, to
l\'
■■•";.
:rv
"
>
(//holders .of,f 1,281,. unstamped 1 shares. I -Southern Ry. announced on
I
■'
"kT
,i-1
n
S-,J—A
'
1-4""
ii--.:Dec, 27^that "i—u—
New ,TI
Resident *rl
Vice-President,^idlders> ;pf the issue may receive immediate payment of
\
'
-—•—>--.•»
the
Brussels -«that
shares
certain "super"
company.
7.
mailed
"When
debt
>
of
will
157,
■
engineers for war
,572
.—-j
sale
dividends
7,591
LIABILITIES—Total eapital stock, $214,579,677; total. long-term debt,
$36>389,600;-accounts payable/ $l8,168; ' accrued Interest onHong-term
(including $33
—
...
""
*" *
-deposits); $518,<965
v*$257,696, . capital»s—r-—.
•$291,990,005.—V. 162, p. 2810.V^V;./.?_ *
of
in
agent
Belgian
share
in
the-railways
the
..auction
403,418,128 485,034,152
-
\
stock
its
by
1,726
operations,
letter
1945—11 Mos—1944
$
47.904.121
-
According to present estimates, approximately $25,000,000 will be
expended by this corporation for the purchase and modernization of
plants and faciliiies needed to carry out its present plans for peace¬
■-;•
Colorado & Santa Fe Ry./ and Panhandle & Santa Fe Ry.)
Period End;Nov. 30—
years.
Company,.
remaining
shares were, redeemed at their par value.
The
Brussels has
received
for
each
Belgian
share
for Expansion—■
v;; ■ -
Electric Corp.
Atchison, Topeka & Santa Fe Ry.—Earnings—
'
BALANCE SHEET SEPT. 30, 1945
ten
the
•'
:!-v
.
-
within
Pennsylvania
city, and
162, p. 2938.
preferred
notified
to-participate
by
of
American
amortized
..
.
been
profit-participating
from
$6,000,000
.
A"v'*:
■
amortized
The
the
Mutual.—V.
inclusive,
underlying Belgian
be
to
are
be
to
in
the
of
Public
to
deposit agreement, the City Bank Farmers Trust Co.
redemption on Dec. 28, 1945; 345 American shares, entitling
holders to realize the proportionate share of the dollar amount
realized
new
of
for
arew
Corp.-r-frora
«
such
is
participating
has
in
holder
declared
Under
report that the
electric output'of .the Associated Gas & Electric Group for the week
ended
Dec."/21,"si945;* amounted to 128,860,037 kwh., a decrease of
380,922*kwhy or 0.3%,/from the corresponding week of 1944.—V. 162,
P- 3066.
*: ;;y;
^ -r.--"
: / '
■■
.y
$4,747,280 '"$6,783,569
ASSETS—Investment securities and advances—subsidiaries, $251,025,427; other investments, $5,016,000; cash iru, banks—on demand.^$23,1296,293; special cash deposits, $337,541; U. S. .Government' securities,-y
\
-Utilities
promissory notes which
of the Associated
.
for
Co.,
one
titles-the
;.v-
•
amount of
loans
Penn
to
agent
tvhen
debt
senior
new
the
going
largest banks
to
Bank
redeemed
a
Mr.
\ Net income J.
{'{'/'
$9,996,868
':
the
.
serial
five-year period.
The-trustees
Expenses, incl.* taxes, other-than inc.' taxes_„_
(3)
of
maturities
1945,
American
equivalent
Weekly Output—
;
169,218
1
<
•
a
Rys.
1942
Bendix
$9,827,650
$7,062,582
595,380
:
—
amount of
surviving.-.company—General;,..Public
to $6,000,000, and
of unsecured 1 (a
shares
7 National
.during
.
principal
deb^t^e onSndiiV^
.
1944
1945
subsidiaries-.-—;
Others.
authorized
,
over
r
Decreasing -the
.
$8,000,000 to $6,000,000;
'
'
;
;
(2) ■ Decreasing.'the estimated principal
=■v
COMPARATIVE STATEMENT OF INCOME
.
of
13,096.232
whether
to
amendment
an~
acquisition
Utica, N. Y., by Beaunit
knitting and weaving mills
operates
and
City
post-effective
a
recent
of
City Bank Farmers Trust Co., New York, N. -Y., as depositary
the. agreement dated Dec. 15, 1927, covering the issuance of
American
previously, approved, plan tor the reorganization of the Associated Ga»
EliectriC. Co.; and the Associated Gas and Electric tCorp.
As now
amended, the. plan* provides lor: : r;
>.
-,
397,148-
requirements applicable to respective periods
unearned.
or
577,383
f
oldest
outstanding
sanctioned
the
cora-
Granting
recently
Belgian National Rys. Co.—Partial Redemption—
The
un^er
and
•■>465,713.-'"
407,054
;•
'
Dec.: 19
Corp.
the
and
was
50,130
of: WtTo
cumulative preferred stock (par $100),
As of Oct.
1945,. all of said shares were issued and outstanding—V.
162,
p. 2812,.v..
v.-.'
Non-
?;;] Amendment to Plan—
on
finance
to
Lives
Co.
The New York Stock Exchange has authorized the listing of
\
-a"
|SEC.
used
Rayon
$4,300,000 to
on
Insurance
31,
.
The
Life
shares
"
$200,541;
,
be
totaling
Insurances
for
(A. S.) Beck Shoe Corp.—Listing of Preferred Stock—
stated
of
five-year
the
five-year maturities
—s
160,422
income
of
V
-
Electric
&
will
and
owns
for loans
Co.
Mutual
Skenandoa
entire amount
first
one
8106,379;
per
t
above)-
(as
-
spinning,
York, New Jersey, Indiana and North Carolina,
the
value $25 per
share), $2.-
(par
$12.50
Penn
loans
the
which
The
r
-■
payable,
accounts
the
The
of
in New
Securities, not-. participating in the reorganization plan had their
transfer,; registration or exchange privileges terminated Dec.- 19 by
Judge Vincent L. Leibell.
;. i;/--
Amer. Pr. & Lt. Co.:
"Net
.-
and
nounced.
.
machinery
Co.—Privileges
Participating Security Holders Terminated—
-
•
>
Enjoin
to
■„
Annuities
.
equity of
company in inc. of .sub.
'
pap.v by The Pennsylvania
1945
and
of-. $4,539,645), $5,546,484;
$56,652; total, $7,941,761.
expenses,
stock
common
surplus
preferred' and
16,787,818
w
Net
Declines
•
Beaunit Mills, Inc.—$4,300,000 Loans—
value of-,capital stocks, previously: outstanding, $800,951;. earned surPlus,.(deficit), $775,946; treasury stock consisting of 4,817
shares
?qa
:
1,442
5
and
payable
.
for* Federal,
repairs/ $110,271; 5 fc
$4,394,550;
.
-—-
land,
depreciation
provision
:
for
778,016;
#?'ria'r«o'
u
5,672,208
taxes
reserve
total,
';
Manufacturing" Co.—Court
Completion of agreements
AUG.; 31,
SHEET,
$20,891;
for
-reserve
insurance,
LIABILITIES—Notes
-
share),
'
/.YY/?YY Y'.:/
.
'
/
18,867,330
acqui-
adjustments—
sition
■
L>
4,01 £.568
4,592.108
;
investments,
<
equipment- ( after
Y'
other
(net >
plant
3066.
p.
*$100,064'
.
YYYI ;■ Y
'
prepaid
Gross
;
2635.
p.
justice Harry Manser of the Maine Supreme Judicial Court at
Me., has'refused to grant either a permanent or temporary
injunction against the sale of the company's stock.
Petitiori for an
injunction had, been filed by Samuel Martin of New York,—V. .162,
,
Net
1—
Auburn,
•
/•' •V
:. Unci, wholly owned subsidiary company )
ASSETS—Cash, $122,493; accounts receivable (after reserve of $46,5021, $721,545; inventories- (at lower of cost or market ), $1,473,696;
V,
11.722,085
10,556,936
'
'
*•.
-
V
162,
Bates
65-'
365,940
/
charges
Stock Sale—
>
,
1,248
261.186
200,601
repairs___
for
•
8,637
$854,042
24.004,252
5,437,784
4,823.609
t
available
income ——J
—V.
33,748
'
•,
charges
Net
1942
•
$1,753,558
.9.211
466,251
deductions
Deficit
y;
JA0.4P0.1R3
55,626,570
-YYY—j f 2,392,662: Y 2,554,4(54 Y*9,624,917
taxes
taxes
paid
for
-
1943
$1,390,143
;■
$484,246
Fixed
$845,707
—
C'Vs*' g
32.452,792
12,991,658
revenues
Pederal
f
I-- --'
•
^.epre"^tiorL'
for
mterest
V
10,665
•"
.
,
subsidiary)
1944
$473,581 i $1,380,932
aolbi income
''
American Power & Light Co.
i'l^moper.:
profit
Other income
.t;
Assistant
as
wholly'owned
(Including
1945
Gr^s
Advertising Manager, and other
advertising appointmentsWill soon be announced.—V. 162, p. 1386.
company
j'
...
(net)
"
Income
American Window Glass Co.—Annual Report-
subsidiary, of Kansas ;;;>
■
Harry
Ault
is appointed Advertising Manager. of all AmericanMarietta operations.
Robert Ornberg, just released from the Army, has
the
■'••.(■
-
income-
opr.
incojne (net)——
fixed
t
rejoined
output of 89,565,700 kwh. for the corresponding week
262, p. 3066.
.'1
ry.
income
Other
Advertising, etc.
M.
Yocum
O.
Rent
the
under
1944.—V.
of
Hermann, President, announces the appointment of Welas Director of Advertising
tor this company and eight V1;
divisions in the United States and Canada.
Mr. Yocum was AdvertisGrover
don
output of the electric properties of
this company for the
ended Dec. .22,-. 1945.. totaled
85.144.000 kwh.,
a
decrease
of
week
>
fr.
rev.
/:'•.«
Railway
Power
York has been appointed trans¬
and preferred stock.—V. 162,
A
•
Net
American Water Works & Electric Co., Inc.—Output—
:
Editor
and Publisher;
Monday 1.
Other
Reentered
00 per year; in Dominion of
and Africa, $31.00 per year.
on
Company.
THE COMMERCIAL & FINANCIAL CHRONICLE
3188
result therefrom will not be determined for some
to the
fact that
the
company
had ) somewhat
in
prime and sub-contracts. During the past two years
prior to July 31, 1945, the company's Contract Termination Division
has processed and completed the termination and settlement of can¬
'
■
"
merchandising organization,
the corporation s^ Norge
division has made severer
sonnel shifts" including the appointment pf Howard L. Clary to tne
position of Assistant General. Sales Manager . it was announced
M
G. O'Harra, Vice-President and General Sales Manager,
Mr
Clarv
who
recently ,was made Manager of Sales Promotion,
plevated' to his new position to "co-ordinate all sales department
oife rat tons and will direct the activities of the company's field force
in
designed
move
a
strengthen its
to
was
the
new
formerly
wanker
T
reorganization, E. J. KanKer, iormeuy
to Mr. O'Harra, has been named to the newly created post of
of Market Research, reporting directly to Howard E. Blood,
of
Dart
As
will report to Mr. Clary
explained. All regional managers
plah, he added. •
O'Harra
Mr,
under
time
little
of
excess
tions—-
assistant
Director
overall
the
development which Mr. O'Harra said was brought
about " by the increasing importance of this phase of mercnandisingi
E
R
Bridge
Refrigeration Sales Manager, has been appointed to
the'position of Merchandise Manager, "for the purpose of correlating
the activities of all product sales managers,'
according, to Mr. O Harra.
Ur:. Bridge has been with Norge since 1934 and is thoroughly ac¬
quainted with all products.
His successor as manager of domestic
refrigeration sales has not been announced.
*
Advertising, sales promotion, sales training, publicity and Public
relations have been consolidated under C. H. MacMahon, Director of
Advertising and Public Relations.
He has been with the Norge organi¬
zation since 1934. Ellis Redden, who recently Joined Norge as Manager
of Sales Training, will take over Mr.
Clary's former duties in sales
promotion.—V. 162, p. 1884.
in
claims; with
sheet
have
of
excess
Boston & Maine
RR.—Obituary—
exception
the
in connection with which
$259,808 included in the balance
of
collected.
been
the
to
close
fiscal
the
formed
The
the
under
Production
from
the
laws
of
the
Equipment
office
home
CONSOLIDATED
as
the
are
INCOME
State
year,
Delaware
of
Vt
10. • He
Dec.
on
;
•
other
Rubber Co.- -Annual Report—
$661,567
38,026
37,318
$699,593
$734,178
operations———-—
from
Income
$1,303,101
66,789
$1,369,889
(incl.
sales
of
Cost
income
Other
Total
income
Fed.
and
State
profits
Net
.——•-—
and
income
943,000
Total
$1,889,160
$1,839,267
*•
$3.45
AUGUST
1945
ASSETS—
$3.73
31
1944
1943
'
—-
$796,863
$640,523
securities—-
3,315,207
1,805,155
(net)
671.275
1,350,748
1,164,346
refund bonds.—
——
1,476,757
—
61,943
receivable
and notes
Inventories
Post-war
tax
——
—.—
of
accts.
\
etc.
for
Prov.
for
reneg.
Prov.
for
war
taxes
dividends
Prov.
for
,,
■
"Estimated
in
1944
of
plant
for
in
Regulation V
$5,000; trade
equip.
204,407
332,081
$900,192
186,992
186,992
V:.'.
>
.
186,245
',199,722
184,106
321,566
•,
$4,225,500 in 1943 and $3,446,650
after deducting post-war credits
1944.
.; V
/■
in
BALANCE
Loan
assigned),
$3,600,760;
U.
$5,275,965;
receivable
1945
JULY 31,
SHEET,
Agreement,
accounts
($3,385,706
special
deposit
S. Government
due from U. S.
Loan
V
salaries,
Dividends
1945,
taxes
to
banks
reduction
income
on
in
for
Federal
under
'■
-
"
17,601
J
the
" 28,396
"28,396
mcchanicah
taxes on income), $868,000;
ended July 31, 1945-(estimated),
is
it
reasons
payable
for
$312,042
'502,100
575,000
500,000
750" 000
750,000
contingencies
35.618
for
post-war
adjustments
cumulative preferred stock
Reserve
6%
stock
Common
(86,00 shs.,
Surplus
Tot&i
-V.
4,300,000
750,000
4,300.000
2,016,667
—
1,889,160
1,839,267
In
Aug. 31—profit
Operating
-
'
-
—-
taxes
profits
1944
$2,191,387
228,913
1,442,569
—
-
;
company
—
funds
to
!
.Preferred
Class
—V.
A
21,329)
1
dividends
dividends.—
common
157,
$419,905
$443,702
1
profit
267,907
234,318/
.
2344.
p.
National
The
of
stockholders
stock,
common
share
of
$5
poration
Dec.
on
of
18
$2.50
filed Dec. 20,
approved
amendment
of
two
present
exchange for each
the Certificate
to
shares
of
Incor¬
S.
of
stock
common
to
Issued
be
outstanding
and
immediately upon the change and reclassification of the
authorized 700,280 shares of common stock (par $5), upon
of
shares
two
stock.—V.
of
162,
p.
new
stock
common
for
each
share
of
presently
the basis
old
common
in
in
they
102
will
approved Dec, 19 by the SEC.
With the loan,
retire its outstanding series A 3% notes for $1,900,000
plus interest.—V,
Brown Shoe
162, p. 2636.
of
cumulative
registration
a
Upon issue of the shares,
stockholders at a meeting called for
the company will consist solely of the
40,000 shares of preferred stock and of its common stock.
The pro¬
ceeds from the issue of the shares will be applied in part to the re¬
demption of the company's 2V*%
term bank loan maturing 1955,
$3,000,000 face amount of which is now outstanding.
Goldman,
Sachs
&
Co.
and Lehman
Brothers
are
expected to
head the public offering of the shares.
the
capitalization
dividend
The
rate
for
by
list'
to
162;
•
the
p.
162,
p.
3068.
Dreferred
1945—Month—1944
Federal
552,124
expenses
taxes
391.491
a
165,539
taxes
Other
Property
serve
the
new
preferred
stock
and
the
redemption
stock
the
on
New
York
Stock
Exchange.—
3063.
'
'
1
"
Net
Other
125,000
125,000
1,500,000
,
$4,030,563
' $4,068,595
3,981
$342,711
4,429
65,814
$347,140
$4,096,377
$4,096,508
140,156
140,875
1,682,618
1,696,250
8.639
8.492
138,803
114,222
/
Int..
'
—
mtge. bonds—
int. &' deductions
on
Other
Amort, of prem. on
Int..
charged
struction
to
Cr4,618
debt
Cr4,642
Crl39
Cr735
Cr3,250
income
$214,305
Dividends
applicable
—V.
p.
162,
to
pfd,
stocks
$202,554
for
period-
$2,333,648
971,294
$2,342,663
1,144,405
.
old
If
Since
cation
in
the
S.
the
of
Hathaway,
declaration
termination
Chairman,
of V-J
of
Day the
war
approximate- amount
on
said
company
contracts,
of
5,
has
prime
$16,000,000.
in
Carrier Corp., Syracuse, N..Y.-—Two Ne\v Freezers—
The
and
Production
part:
received
notifi¬
sub-contracts,
exact
amount
of
announced
early
recently
tioning
and
February.—V.
it
preferred
old
of
redeemed, will
for
it
the
not
stock
the
be
paid
the
by
old
company
estimated
is
It
purpose.
the
that
will
require a maximum cash disbursement
about $4,923,000.
In Dec.
1945,
$1,901,528
the
to.
old
cash
in
the old
realized
was
stock.
from
of
other
offers
company
of
Holders
in
sale of water
the refunding of
remainder of about $2,197,800
out
company
old
by
the
from
company
that the
is expected
by
of
stock
preferred
treasury
the
old
funds.
the holders
to
stock
for
the
of
(but not
shares of
preferred stock
the
have
in
1945, to Feb.
1,
1945,
preferred
$12o
at
6%
by
case
upon
underwriters
subject to acceptance by
and
cmpany
it in
Corpus
Christb
Texas,,
than •100,000
shares of old preferred stock are deposited for
while the exchange offer is in effect, the number of shares
be exchanged will be reduced pro rata, as nearly as may be without
more
of
issue
old
the
will
fractional
shares,
shares
7%
of
Holders
of
company
expected
be
of
to
event not later than
Frost
agencies:
;
stock not exchanged will be redeemed on
share and dividends, in the case of the
per
and at $110 per'share and dividends, in the
preferred stock.
The exchange offer is conditioned
to maximum
preferred
of
stock
100,000
shares.
6%
and
■
preferred
stock
who desire to accept the foregoing exchange offer
have their
stock, certificates delivered,
in any
noon
Dec. 31,
on
-Nationar Bank
of
1945, to any one of the following
Antonio, Texas;
the
First
San
National Bank of Chicago, and Bankers Trust. Co., New York.
,CAPITALIZATION,
GIVING
EFFECT
TO
PRESENT
Authorized
First
mtge.
due
Nov.
bonds,
1.
series
A,
3 Va %,
FINANCING.
Outstanding
'
1973—
*
unsecured
notes,
due
serially
April 1, 1946-April 1, 1952—
4%
preferred stock ($100 par)
$25,000,000
$3,500,000
t3,500,000
2%
stock
Common
ject
to
the
(no
be
par)—
issued
from
time
the restrictions thereof,
of
total
directors
amount
of
100,000 shs.
in
to
time
bonds
that
under
number
any
determine,
may
100 000 shs.
250,000 shs.
—„
but
may
the
be
of
the
202,180 shs.
indenture,
different
indenture
issued
sub¬
series
does
as
not'fix
thereunder.
First
mortgage bonds, series A, 3 Va'i'e, due Nov. 1, 1973, outstanding under
indenture at Sept. 30, 1945, in the principal amount of
$25,003,000
the
2939.
■
Oct.
stock
exchange
,
Stewart
under
preferred
exchange offer is in effect, to exchange their shares
preferred stock, 011 a share for share basis, and
cash
in
respect of each share exchanged an
amount
purchase
have
<Thc) Buda Co., Harvey, 111.—Annual Report—
such
not
be
of
new
old
the, board
Net
be
amount
redemption
the
of
055,892
0-55,442
to
are
be
the
stock as shall
the exchange offer.
will be effected on
preferred
old
old
to
of
additional
such
the
to
pre¬
.
dividends,
underwriters
to
with
old
of
'
in. exchange,
issued
consummation
OFFER—The
♦Bonds may
Cc6 29
shares
of the shares of new preferred stock
not. taken by, or reserved for, holders of the old preferred stock who
accept the exchange offer.
All shares of old preferred stock deposited
lor exchange will be deemed to be deposited for the account of the
con¬
—.
not
sale
preferred stock
new.
by
of
preferred
of
the
ihe
27,913
$357,853
(net)—
.
by the Texas
preferred stock,
of
1.500.000
$353,872
inccme
all
accrued
of
required,
of
shares
$823,666
1, .1946,
7%
the
revenues..
income
Gross
the
together
of
new
shares
notes;
while
shares
1945—12 Mos.—1944
retirement re¬
appropriation..
oper.
of
provided
shares
.Feb.
•
$1,536,562 $18,566,695 $18,082,874
635,428
7,415,257
7,019,656
3,689,444
314,067
3,767,117
1,805,179
1,853,758
149,356
$1,588,026
Power
the date of redemption of the unexchanged shares of the old preferred
stock.
The exchange offer will expire at noon on Dec. 31, 1945,
The
Carolina Power & Light Co.—Earnings—
___
shares
shares
of
available
and
receive
to
revenues
of
1946,
including accrued dividends thereon from Nov. 1,
Moraine Lake—
of
prices will be determined at about the time of the public offering,
but the registration statement indicates that a sinking fund will
be
provided to retire 2V2V0 of the issue for each year ended October 31,
commencing with the year 1948. The company proposes in due course
V.
Maritimes.
resumed next summer.—V.
be
Operating
Operating
Co.—Registers Preferred Stock—
authorization
their
10.
•
Springs Hotel, Chateau
Rockies, where four
and
Central
assumed
were
exclusive
be
may
withheld
became
new
to
the
Wapta
corporation)
equal to the difference between (a) $102.75, the initial public offering
price of the new preferred stock, including accrued dividends thereon
from
Nov.
1, 1945, to Feb. 1, 194G, the date of redemption of the
unexchanged shares of old preferred stock and
(b)
the redemption
price of the shares of old preferred
stock delivered in exchange,
well as the Algonquin Hotel and the Digby Pines
All-expense tours in the Canadian Rockies also
Period End. Nov. 30—
statement under the Securities Act of 1933.
after
as
reopen,
1,
from
company,
as
company
be
for
was
Lpoking towards a public offering of 40,000 shares
preferred stock, company filed Dec. 20 with the SEC
Jan.
will
the
in
will
Bahff
all in
Yoho Valley, Lake
of
-
Stock
preferred
refinancing
old
right,
since 1942T by the exigencies of war, summer hotels of the
Pacific Ry. from the Atlantic Coast to the Rockies will
next June, prepared to handle an all-time high in tourist
traffic,
it was announced on Dec, 8 by H. F. Matthews, General
Manager of Hotels.
O'Hara,
Feb.
company
old
all
on
cash
of
the
Closed
by the announcement are:
and Emerald Lake Chalet,
business
and
preferred stock the privilege of exchanging their
exceeding
100.000 shares thereof
In the aggregate)
Hotels to Re-Open
;
' •.
;
Louise
old
the
EXCHANGE
in
.•
accrued
'
Texas
old
the Bapk of Montreal
plus
corporation, including bonded indebted¬
proceeds,
1946, subject to
the shares of
unsecured
applied
2813.
1.
purchase by under¬
issued in exchange.
will require $120
per
share, for the 7% preferred stock, and $110 per share, for the
6%. preferred stock, plus accrued dividends in each case.
Accrued
will
reopen
Affected
properties
on
of
properties
Canadian
also
at
1 l/z% notes maturing July 1. 1949.
short-term Canadian governments
safeguard for the banks in case future
162, p.
net
outstanding
1,
cash
of
presenting their bonds to
by
wish,
so
either'Montreal or Toronto—V.
the
redemption
the
United States funds on presentation to the Chase National
York or the State Street Trust Co. in Boston.
Bondhold¬
the option of receiving payment in Canadian funds, if
The
Brockton
be
1,
Nov.
are
treasury
proposed
•
will
Nov.
and
case
(a
exchanged.
redemption
out
have
lodges—=Lake
York
1
..
restrictions should prevent repayment of the loan in
principal of the notes, has been guaranteed by In¬
Paper Co.
the loan
from
1
Aug.
1,
shares
new
by.
writers
New
also
ers
2267. ;
proposal of the company, a subsidiary of
Eastern Utilities
Associates, to issue a $1,900,000 promissory note
due in 10 years
and bearing interest at 2%% per annum, to the Chase National Bank
of
the
The
to payment of the Canadian
International : Paper
Co. first mortgage bonds, 6%
series due 1949,
which have been called for redemption Jan. 1. 1946 at 101 Va and ac¬
crued interest.
The bonds, of which $15,286,000 are outstanding, are
Lake
New
of
the
cf
Brockton Edison Co.—Note Issue—
of
As a
May
all of which Labilities
redemption
on
for 1946 Season—
$2.50),
(par
Boston,
pledge
of
required
not
by
its
Such
Co.—Bank Loan-—
Canadian Pacific Ry.—All Company
The New York Stock Exchange has authorized the listing of 1,400,560
shares
by
24
Massachusetts
PURPOSE—The
Feb.
.,«•
cumulative
are
1,
the company
1945,
19,
exchanged for shares of
the board
it."
...
of
secured
funds,
Proceeds
1945.-
Listing of Common Stock—
the
stock
from
Dec. 21 announced that it has borrowed $15,500,000
the Chase National Bank. Bankers Trust Co. and the
Bank
governmental
U.
Bank
~
■
issuance
the
in
value,
par
The
value.
par
was
\
of its face va'ue.
110%
to
is
loan
payable
Bristol-Myers Co.—Split-Up Approved—
The
The
92,417
effect
shares
on
from
ternational
Net
x*evitalize
Dec.
in whole at any time or in part
than 30 days' notice by mail, at
or
prior lo Jan. 1, 1950, ana at
thereafter, in each
redeemed
the Massachusetts
to be
dividends
First,
1945
•
$1,927,944
-—i—228,094
1,256,148
.
Depreciation
and.
when
to
Feb.
company,
operating
30,981 shares
ferred
this purpose at the forthcoming
similar effort by him prior to
the
present
board
was, reelected.
of
(a) to pay to holders of 7% preferred stock
are
outstanding) and 6% preferred stock (of
outstanding) oi the Massachusetts corporation,
who accept the
exchange offer, the amounts of cash to which such
holders are entitled under the terms of the exchange offer, and (b)
a
Canadian International Paper
U. S.
Corp., Greenville, S. C.—Earnings—
the
of
which
(of
;
.
Years Ended
Income
meeting,
•
876.
p.
directors
used for
reviews
if
$25,000,000,
estimated
stockholders that a
wit£ the object of placing on
new
be
Kirby
Mr.
annual
161,
of
to
proxies
meeting,
last
the
—V,
formed
been
number
seeking
The
Brandon
has
Preferred Stock
—
issue
our
corporation did not transfer to the
corporation the capital stock of a small Mexican subsidiary
company
and withheld from transfer such amount of cash as was
•
Ltd.—Committee Formed
Canada, has notified
of Montreal,
Kirby,
sufficient
"a
annual
$8,393,262
$8,313,371
$9,173,902
■
162, p. 1635.
Alfred
committee
17,930
„
4,300,000
par)
no
—
of
applied
$4«3 964
451,552
650.000
$428,745
———.
2939.
p.
Texas
$8,393,262
1,028,490
—————
162,
''
corporation.
arrange
Canadian Car & Foundry Co.
taxes
Accrued
share
all
liabilities
•
Accounts
Ga.—V.
Light
ness
always
not
in
stock
preferred
quarterly
of
COMPANY—On Dec.
received
LIABILITIES—
Is
Co. (a Massachusetts corporation), and in connection with
acquisition issued to the Massachusetts corporation 100,000 shares
of the new preferred stock.
All the properties and business so acquired
are now, and for many yeai'3 have been, located in
the State of Texas.
The transfer oi the properties and business was made subject to the
28,396
$8,313,371
Co.,
Savannah, Ga.
Division purchase
payable at office of
such
federal
year
4%
payable
order.
17,601
-
Trust
Co.,
Savannah,
made
time, upon not less
share if redeemed on
per
&
companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
to
Interest
Bank,
Light Co., Texas
was
at option
per
acquired
Reg¬
Reserve
war
NOTE—-For
possible
Trust
Chattanooga
dividends.^.."'
'
and post-war contingencies, $681,000;
reserves
for
other contingencies,
$308,651; capital stock (par value
$12.50 per share), $2,346,600; capital surplus, $76,575; earned surplus,
$4,390,353; less cost cf 736> shares of capital stock held in treasury,
$1,409;
total, $25,415,718.—V. 161, p. 2656.
for
bonds.
to
$107.75
accounts payable, $2,506,266;
bonuses,
$644,145;
deposits
on
taxes, royalties,
and other ex¬
commissions,
and
$30,584;
accrued
reserves
gold
&
on
deposited for exchange.
the
on
$105.75
$8,000,000;
orders,
applicable
federal
on first mortgage
cash
a
are
time
from
(\
$25,415,718.
and
Redeemable,
$420,953; estimated refund on contracts subject to renegotiation
penses,
(less
payable
Agreement,
wages,
customers'
total,
$196,291;
plus
000 shares are
accounts, and investments
(less reserves),
and equipment
(a'fter reserves for depre¬
reserves for amortization
of $979,279), $2,-
charges,
LIABILITIES—Notes
ulation
26:
gold
The exchange basis is share for
adjustment.
As there are 123,398
shares of old preferred stock outstanding, the exchange
offer is subject to pro rata reduction if more than
100,-
share
including $3,032,172 asigned under Regula¬
reserves, $5,829,105; claims on terminated
contracts, $259,808; finished and in process products,
raw
materials and supplies,
$6,963,814; refundable excess profits tax
—estimated, $535,339; investment in unconsolidated subsidiary, $25,000; expense advances and current accounts (officers and employees),
deferred
Dec.
and accrued dividends.
'
Departments)
property, plant,
$1,487,022 and
beginning
which holders of preferred stock of Central Power and
Light Co. (of Mass.) a predecessor corporation, may ex¬
change their holdings for the stock to be offered.
The
stock was priced by the underwriters at $1023/4 per share
•
provits tax
$382,950
of
Bank
1935,
National
$942,575
(including
deposits,
made
offering by an underwriting group headed by The
First Boston Corp. on Dec. 21 of
100,000 shares of 4%
preferred stock, (par $100), subject to a prior offer under
Agreement—less
sundry
1,
Central Power &
production
$32,982;
$23,487;
4%
Southern
$906,904
inclu. above:
Government
war
be
on consolidated mortgage 5%
the
($1,084,758
ASSETS—Cash
bonds,
&
Offered—Mention
CONSOLIDATED
1
9,173,902
Reserve
mortgage
Citizens
172,291
300,000
raciiiues—
and
will
>
National
June
504,000
excess
1943
Liberty
due
♦4.432,467
and
provision
Federal
$469,500
and
300,000
186,992
emergency
payments
1945,
surplus—
to
29s|662
foregoing is payable at offices of Bankers
*3,769,549
125,000
paid
of
of
Amortiz.
2,923,553
2,933,698
17,601
■
,
York,
due
the
on
300,000
deprec. & amort,
Depreciation
."
17,930
1
1
bonds,
588,000
5,142,437
contracts—
post-war
transferred
interest
contgs.
income
on
of war
and
Cr49 47l
,
'*
499,103
350,561 V
Provision
50,587
54,713
2,781,442
co._—L_——-—
stock of
Common
for
res.
162 525
'
1945.
(c) Interest
.
.Land, buildings, machinery, etc., net
stock
;
for
ZSZ—Z
ZZZZZZZZZZ
interest due AuS- 1/1939, and Feb. 1, 1940,
gold
New
2,264.099
2,041,501
1
—•
—
Preferred
$6,308,949
5%'
which
35,618
Prepaid items
Patents
756,166
credit——
tax
$7,287,902 *: $5,636,227
due
%„,(b)
-
24,418
,
profits
$6,072,530
236,420
452,122
prov.
$5,144,000;
$576,002
ptates Govt,
Accounts
,
75,000
45,000
215,000
100,000
$2,016,667
$4.44
BALANCE SHEET,
$5,380,835
255,392
•
income
exp.,
receiv.,
$2,199,267
45,000
172,000
75.000
end of year__—
share——
Surplus,
$2,181,160
45,000
Earnings per common
4,262,050
$6,835,780
profit
4 102 020
"
interest due May 1, 1935,'
bonds,
money
Total
Int.
ciation
215,000
—
4,920,101
6 245 175
1
profit
on
Co.)
$11,212,125
inventories.....!..,..
following
V
27,006,247
2,737,285
exp.
income
668,146;
contingencies-^.—
for
Reserve
Excess
1,833,389
$2,351,667
dividends
dividends
Common
Cash
1,839,267
35,618
surplus
Preferred
United
368,300
$365,878
adjustments-.
for post-war
Reserve
357,700
$341,893
1,889,160
surplus
Previous
Other
tion V Loan
$426,889
—
—
35,987,157
Engine
etc.
amortization
based
in
Interest
under
$696,860
excess
taxes
income
33,681,314
selling, eng, & deveiop.
Operating
$9,792,382
;——
sold
1945
Military
Central of Georgia Ry.—Interest
Payments—
The
1943
$45,437,194 $45,630,043 $36,716,062
products
Admin,
$1Q,750,878
10,054,018
9,130,8.16
$11,387,266
depreciation)— 10,084,165
sales
of
NOVEMBER,
Caterpillar
———-
1943
1944
1245
August 31—
Fiscal Years Ended
sales
Cost
was
Boston Woven Hose &
Gross
Net
and
taxes
Reduction
JULY .31
1944
OF
of
name
ENDED
YEARS
FOR
ACCOUNT
the
under
1945
Cash
a
Federal
Inc. which will be, operated
wholly-owned subsidiaries.
Company,
MONTH
subsidiary,"
—
Depreciation
,
of
FOR
owned
Materials, supplies and services purchased,
Wages and salaries
the company acquired
assets of one of our larger distributors,
The Production Equip¬
ment Co. of Los Angeles, Calif., supplying Buda engines and service
to the oil fields in Southern California.
A wholly-owned subsidiary was
Subsequent
wholly
Sale3
the
Balance
director of this road, died in Springalso Treasurer of Jones & Lamson
•Machine Co., Vice-President of Fellows Gear Shaper Co., and a director
of Vermont Foundries, Inc.—V. 162, p. 2636.
Dickinson Woolson,
William
EARNINGS
(Including
$20,000,000
President of Norge, a
fipld
Caterpillar Tractor Co.—Earnings—
due
5,000
contracts
celled
all
will
which
claims
Corp.—Co-ordinates Sales Dept. Opera¬
Borg-Warner
Monday, December 31, 1945
in
1946
of
by
this
corporation,. manufacturers
refrigeration
162, p. 3069.
two
new
equipment.
upright
freezers
farm
Manufacture
of
air-condi-'
will
'
was
start
,
•
in
been
tThe
been
cuted
2%
assumed
by
by the
unsecured
assumed
the
by
the
new
notes
new
new company
At- the .instance
of
the SEO,
company.
issued
to
company
to
replace
banks
and
like
by the. old company have
new
notes
notes
of
have
the
old
been
exe¬
companv.
the-new company has stated that it wih,
in each year subsequent to 1945,
apply to the prepayment ",of the,2%
unsecured
botes
an
amount
equal to
the amount of dividends
in
■
Volume
of $2.75
excess
of
$1.75
Number
162
but
notes
more' than
in
the
the
new
will
company
$250,000
not
aiiy
in
apply
one
.
'
'
Sept. 30,'45
Operating
for
depreciationthan
income
inc.*
taxes—
395,900
401,000
2,654,735
1,739,653
income.—
$2,919,634
9,571
Net
oper.
Gross
income———
and
Net
*
$2,929,255
$3,053,890
$4,523,950
1,159,496
1,215,159
,1 2,549,227
$1,838,731
$1,974,723
income
The dividend requirement lor
preferred stock will be $400,000.
UNDERWRITERS—The
year
one
,
shares
100,000
on
of
underwriters
several
of
tion
The
23.3%..
or
debt,
of
as
the
reduction
will
the
follow
Acquires 10 Diesels—
*
.'
'
,
Due
,...
;
the railroad said.—V. 162,
important passenger runs,
vast
a
expansion
followed
period
of
by
and
plant
already
an
Y.—To Refinance
production activities during
record-breaking and growing
to refinance its corporate
is about
this corporation
orders,
Preparations
are
now
under way to file a
registration
the SEC for an issue of stock to the general public.
structure.
corporation manufactures electronic components- or parts in the
form
of
resistors,
controls and
resistance
devices found In radio,
electronic and electrical devices.
Ever since starting business a quar¬
ter of
a
century ago, it has been a closed corporation operated by
the Mucher family.
At present, the company operates two plants In
The
ten new
4,000 horsepower
would permit it to use
Diesel
power
exclusively on its passenger service between Chicago,
Omaha ana Denver.
Diesel power also will be used on several other
new
to
war
backlog ox
of
3070.
p.
•
,
Brooklyn, N. Y.
such
of
Vice-President
elected
companies,
statement with
acquisition
on
Home
three
and Secretary of The
and Secretary of the
Vice-President
McBride,
was
the
announce
Expansion-
the
'
—
Dec. 12 announced that
Diesel locomotives recently
company
B.
Co.,
Insurance Co.,
of Tne Home
following appointments:
Insurance
Clarostat Mfg. Co., Inc., Brooklyn, N.
for
authority
the
of
!
Fire
The Franklin Fire
Co., members
of
company,
Companies,
and George E. Stroub, • T. Morgan Williams, and
Herbert
A.
Payne, Assistant Vice-Presidents' and Secretaries of The
Home, were also elected Assistant Vice-Presidents and Secretaries of
the same companies.—V. 160, p. 1732,
has
consummation
16, 1945.
this
of
Homestead
Insurance
Frederick
other
a
reduction
The
of
Insurance
one year's interest on
been from $9,564,643
in
dates,
same
directors
of
Fleet
difference of $2,565,859, or 26.8%.
A further reduc¬
$4,493,000 in principal amount of funded debt and substantial
The
,
the
of
names
funded
$6,998,784,
interest
$2,054,329
deducts.
$1,757,476
granted in our order of Nov.
$3,380,722
1,326,393
$1,769,759
other
to
$3,375,463
5 259
to
$58,078,287,
such
110.700
$4,520,328
3,622
$3,046,195
7,695
of
485,000
89,509
income,™™.::._
<'
332,000
taxes-
prof.
exc.
Other
.
1,457,319
™
other
Federal
$15,208,275 $12,832,816 $10,dbt>,232
3,674,677
5,078,703
4,320,705
835.699
975,663
1,530,304
1,470,547
2,235,313
2,281,747
1,570,222
1,014,146
1,130,673
1,024,389
1,219,910
5,447,362
—
Maintenance
Taxes,
'
revenues.-.. $16,330,223
Operation
Prov.
'
——-Years Ended Dec. 31
1944
'
1943 ' *
1942
12 Mos. End,
.
The
and
by deducting thereiiom the expenses of the
proposed refinancing amounting to $10,742,987.
In addition to the savings shown, Federal tax reduction on account
of tender premium of $6,494,400, unamortized discount and expenses of
$342,700 on the general mortgage bonds,
and of $3,977,850 tender
premium and $618,795 unamortized discount on series B bonds, and
other items, is estimated at about $9,825,152.
The
applicant has reduced its funded debt, including equipment
obligations and conditional-Gale contracts publicly held from $251,558,377 on Dec; 31, 1941, to $192,965,671 on Sept. 30, 1945, a reduction
reduced
be
than $1,000,000
more
" '
EARNINGS SUMMARY
v,
.
Int.
lrom
aggregate.
'u
Fed.
nor
year
City of New York Insurance Co.—Appointments—
interest
the prepayment of such
to
$10,939,312, respectively, or a total of $21,833,403. To the gross
saving of $12,430,797, is added $69,660, representing premium,
the sale of the bonds, making $12,500,463.. This figure would
and
paid in 1946 on its common stock and in excess
per share
share paid in each year subsequent to'1946 on its common
per
stock
3189
CHRONICLE
THE COMMERCIAL & FINANCIAL
4451
'
•
,
'
Chicago, Indianapolis & Louisville Ry.—Equipment—
preferred stock as shall not be issued in exchange for old preferred
new
stock, and the respective percentages
by such underwriters, are as follows:
The
First,
Boston
Blyth & Co.,
Goldman.
Harriman
Inc.
&
Kidder,
Mellon
Securities 'Corp.—
Central
Rpublic Co. (Inc.)
&.
Merrill
Burr,
Fenner
The
&
Dean
2.50
2.50
Son..
1
1
J.
Newton
&
Hilliard
B.
(Mass.)—Property
Co.
Light
&
Sale
of
The
of
area
tion
properties are
Counties.—V.
roads
the SEC.
located in Reeves, Jeff Davis, Presidio and Brewster
plus
162,
adjustments
21
approved Dec.
was
3069.
p.
by
capital stock,
1946.
paid
was
distribution
made
was
Jan.
on
on
the
on
a
and July
15
to
"inquire
of
interest
lic
1945,
16.
nation
States
Power
Corp.- -Maturity
Light
&
Dates;:
Chicago;:
vast
•
SEC
Dec.
on
19
the
granted
Central
The
Jan.
next
Utilities.
authorized
1
provides
proposal
that
interest
the
payable
What
"(1)
tion
this
of
"(2)
ing
In
'
of
of its right to receive payment
the debentures that it holds. "
determination
principal of
refusing
ruled
the
record
stock
of
Central
after
the
of
<
■
contended
able
claims
be
also
show
to
that
that
only
not
Utilities
"upon
the
that
change
to
Central
the
of
require
the
<.
of
the
of
in
and
argument.—V.
162,
of
and
-1.
income
>cess
A
the
have
been
Balance
on
per
bidding,
Bidders
the
be
the
"night"
This
new
of
coaches,
equipment will
have
will
be
of
all
testing laboratory, is
The
25,531,069
2,144.454
13,125,345
$0.29
$1.77
were
'
!
;
\.
•
'
.
C.
E.
light-weight
extended
A
$3.33
sleeping
to
cahs.
firms
some
well
as
He
stated
have
that
net
the
that
invitation
heretofore
built
has
issued,
dated
Feb.
to
submit
both,
•
but
Accrued
1,
reduction
plan
of
to
been
Holders
be
sleeping,
modern
of
the
y
new
wiJl
cars
funds,
used
amount
'
1st
100.13999
at
of
authorized
Dec. 19
on
and
in
mtge.
ref.
&
paid
accrued
connection
outstanding
in
interest,
with the
issue not exceeding
27/s% bonds, to be sold
and
the
proceeds,
with
other
purchase. of an equal principal
of
consisting
bonds,
de
1970
oi
$32,470,000
of
be
8,000-mile
bonds,
•mortgage 4%
bonds,
funding mortgage.
The
report
The
tions
,
of
purchased,
so
applicant's
states:
applicant invited approximately 450 persons,
to
bid
the
on
first
and
.
that
;
.
F.
of
amount
the
proposed
X.
is
companies*
placed in
the
system,
the
price
and as
regular
a
company
yards
and
■
for
2%%
a
cost
the proceeds
of
The
1
general
first
„
accepted.
At
this
price
the
•27'8%,
giving effect Ho
1
.
Henry
an
advanced
security
and
re¬
follows:
as
Interest
on
*
t I
sinking
L
1
fund
Stuart
for
stage
162,
debentures
six
Dec,
preparation
Net
Schroder
&
Co.
of
New
The
interest
the
oper..
(&
145
Leadenhall
on
of
been
-
'
■
,
.
York Stock
of
shares
Exchange has authorized the listing of 202,979
stock (no par), as follows: (a) 198,940
common
a
18,053,099
revenue.
Operating
Provision
7,969,771
expenses
.
.
Gross
Divs.
1945—12 Mos,—1944
1,104,349
105.121
1(12,951
145,034
135,575
216.819
280,939
292,375
130,290
121,751
169,756
214,673
285,805
$307,729
$453,061
$420,046
14.783
10,470
20,623
13,208
Net
257,542
$349,143
$363,927
Net
—V.
lncome__i.
162,
p.
214,997
1166.
•
52,240,659
40,733,751
43,444,577
1,200,788
3.596.389
1,220,185
stock
pfd.
15,035,460
15^,982,131
789,766
894,852
10,331.776
11,. 120,601
133,917
131,377
3,166,307
of
„—,—.
-----
856,114
1.666,714
1,299,974
14,510,400
14,675,129
96,189
deductions
1,296,189
1.101,261
1,203,785
13,214,211
13,573,868
.
„
«-
$473,684 :
$348,200
300,649'
222,963
-
$433,255
298,802
$95,236
J
$173,034
'
.
•
i
Bal.,
$134,453
pfd.
parent,
divs.
bef.
—
1,041,835
At Dec. 31, 1945, dividend arrears of $29.25 pqr Share
shares of the corporation's $6 series preferred stock
(not including fractional scrip),) after taking into account dividend to
NOTE—(1)
be
the outstanding
paid on Jan.
iary
to
.
prop,
reserve
Amounts
(2)
$148,929
spec.
to
Approp.
-J
,.
income
161,250
253,445
inc.)
I
■
—
on
Other
1,039,461
;
>
2^,506,239
1,041,835
income
subsidiaries
791,327
deductions
K
A
49,492,585
4,681,611
Interest
Subs.)—Earnings—
816,132
Gyoss;income).
)
( $
26,448,114
2,235.403
taxes™
for
$
$
18,116,617 212,356,634 211,080,510
8,865,748
95,682,182
88,889,034
2.222,362
3,432.117
amortiz.—__
&
Deprec.
1945—12 Mos.—1944
1945—Month—1944
$
v
:.
-
-
$0.86
of common
shares
Period End, Nov. 30—
on
Income
,
$2,306,252
income:
income
———
.
.
registrar
stock:
appointed
$2,438,946
income
Operating
Other
$32,47Q,000
of
the $17,295,000
requirements,.;will, be $10,894,091
.
outstanding-
Commonwealth & Southern Corp. (& Subs.)—Earnings
Street,
207.840
Taxes
$380,000
383,401
stock upon official notice of issuance in
stock dividend of 50%, and 4,039 additional shares of
to be added to a reserve against outstanding options,
upon
official notice of issuance upon the exercise of such options,
making the total amount applied for to date 608,935 shares.—r-Y. <162,
p. 2815.
'
"•
'
1945
made
be
$1,755,251
expenses..^
(other than
685,000
$544,000
392,987
•
; $1.26
—
cumulative preferred
1945—9 Mos.—1944
expenses
Taxes
$1,065,000
380,000
stdck
common
that
31,
Dec.
will
$1,861,974
revenues
29','45 Sep.,30,'44
$924,000
taxes——
share
New
of
savings
Sep.
;
shares
per
payment of
Cc.—Registrar Appointed—
,y:
..
the end of the
'
profits
income
additional
notified
been
ended
Pavment
has
at
2814.
p.
excess
,
2814.
(Corporacion de
have
Co.,
York
President
Vice
Listing of Additional Common Stock—
and
January,
in
early
months
31.
Corp.—Official Retires—
as
taxes...
and
Common
of
p.
Sales Corp.
the
retire
M.
162,
before
Income
.
holders
$27,000,000 par value 4%
.
430,636 barrels,
shops,
•
after
or
Depreciation
annual
respectively, a total of $34,264,200.
The comparable.;
on the corresponding amounts of
proposed bonds at
.
f^v
Maintenance
mortgage 4 %■ bonds, due March 1,' 1958, and
and
refunding mortgage 4V2%
bonds, series B, due Feb. l,r
for 12 and 24 years, respectively, is $15,585,600,'
charges
York
it was
3 Months Ended—
will
computed
$18,678,000,
interest
:
was
J.
Guaranty Trust
Operating
to be purchased
1977,
slid
bid
be approximately 2.87%.
refinancing will result in. gross
proposed
$12,430,797.
of
This
rate.
of
1,
Crocker, President, announced on Dec. 6, following
meeting of the board of directors.
(
At the board's request he will remain as a director of the corpora¬
Net
including a new
estimated cost of $1,190,000.
trustee.—V.
income
2VS?%
on
Period End. Sept. 30—
be
to
Ltd.—Production—
Columbia Pictures Corp.—Earnings-
throughout,
%:(
reconstruction
complete
will
Freeman
Winans
tion.—V.
England; in Neyt York, at J. Henry Schroder Banking Corp.;
Zurich,, at the office of Credit Suisse: or in Paris, at the Banque
Paris et des Pays-Bas.—V. 162, p. 2514.
Total
and
designated by the bidder, the rate to be in a
of 1% and the price to be not less than 99. In response
thereto,
the
applicant received two bids, the. most favorable being
from
Halsey, Stuart' & Co.,
Inc., and 147 associates, of 100.13999
interest, rate
multiple of
of
full
Citizens Utilities Co.
firms, and corpora¬
31,176
period ended Oct.
four weeks
Columbia Gas & Electric
year,
T'-V'-
features.
-
in
to
Finn,
sterling
rate
in
office
New
5,113
3070,
p.
•
'
bonds,
the
-v., 162, P..3070.
re--
«.
be
The
in
-
Commission
the
under
162,
W.
equip¬
passenger
steel, streamlined
"comfort"
Cincinnati Gas Si Electric
general
4% bonds,' and $17,295,000 of first and ref. mortgage 4Vs% ■
series B, and (2) to pledge not exceeding $32,470,000 of general
183,573
;—
:
which
company,
Gross
mortgage
!
credits,,
London,
the company (1) to
series
881,352
197,411
2814.
p.
preceding
v
ordered,
under way at
now
presented
5%
of
at
will
Chicago Burlington Si Qufncy RR.—Bonds Authorized
The ICC
$49,765,000
851,581
——
Govt,
S.
taxes—
operates petroleum concessions in Western
Venezuela, southwest of Lake Maracaibo, announces that its produc¬
tion for the five weeks ended Dec. 3, 1945, amounted to 589,180 bdrreis.
In the four weeks ended Oct. 29,
output was 438,298 barrels, and in
including day chair cars,
observation, lounge and dining cars.
railroad's coach
the
John
interest
the
Govt,
Colon Development Co.,
This
;
worth
built of stainless
reorganization
will
at
$2,164,176
taxes
258,214
1,048,992
—.—
:
liab.—U.
tax
S.
U.
unadjusted
—V. 162,
in
$4,694,080
—J
——.—
liabilities—
accrd.
of
37,237
762,521
55,604
239
9,482
246,974
1,064,925
24,431
—
liabilities
than
Other
—.—
months,
liability
current
Analysis
has
—V.
the
Chilean Nitrate & Iodine
car
2,663
ITEMS—
within six
accrued™—
rents
tax
Total
offers
date
no
a
—,—-
assets—..—
LIABILITY
maturing
current
,•
reported
«'
$256,007
Other
Ventas de Salitre Y Yodo de Chile)—Interest Payment—
2638.
p.
717,924
40,261
—
$7,072,400
75%
meet
to
asked
manufacturing
car
made
announced
2814.'
p:
probably
been
sleeping
162,
176,705
9,930
$6,458,195
additional
the established car-builders.—V.
to
as
65,191
873,941
receivable—
assets——„„—,—
current
debt
Earned
Newton, President, announced cn Dec. 21 that the company has
submission of proposals for the construction of 1,000 modern,
equipment,
72,486
"35,789
Unmatured
Commission
an
..Seeks Bids for 1,000 Sleeping Cars—
invited
12,660
481,879
66,228
30,261
Childs Co.—Reorganization—
25,070,266
$0.56
6,862
385,506
conductors
and
agents
$256,007
Audited accounts and wages payable—1
742,364
Miscellaneous accounts payable
;
1—2,5.99,078
Interest
matured
unpaid.™.-—-p—^—.—™—_
131
Unmatured interest accrued—^
8,064
►
,
company's
the
elso
company
—V. .162,
460,803',
,253,891
current
SELECTED
and other
share_
933,000
supplies——
dividends
$111,071
5,075,2S4
497,000
4,027,015
—
receivable—,.,-,.™.-:.™
accounts
and
Other
returning
$5,000,000
have
cars
30,723,024
surplus
——,
*.—
(Dr)——_™—
from
1944
$2,969,962
118,581
*1-—
car-service balances
and
:
53
18,879,075
to
debits-™.™.™
receivable
Other
company
Co.,
than
investments—-—
receivable
Total
■
2.660,482
com.
cash
Rents
V'*
"
proceeds
or
income
RR.
1945
other
etc.,
-
companies-.™-™:
deposits--.
bal.
Funded
Commerce
will be
15-year trusts
bids.
with
the
over
runs
of
according
Earns,
Bank
N.
ITEMS, OCT. *31
-
Interest;
equipment trust
& Trust Co. of Chicago
would
&
$2,493,028.
figures,
SHEET
BALANCE
stocks,, bonds,
unadjusted
Materials
(
competency
.
under
-
be
can
,762,061
447,929
L.
and
net
Lines'
placed
deliveries
as
chair
201,127,037
13,573,274
the
approximately
arrangement of
41.833
Illinois
certificates
and
Island
taxes-
2,186,287
of
Interstate
obligation
of
transportation
Rock
11,257,032
appropriations
Co.
577,898
of
charges
the selec¬
>
•
38,380.423
40,390
the
asked
app'ication
10,724,309
29-4,281
21
of
its
Cr7,860,399
,
'and
''•
*
equipment.
962,714
income
Sinking funds
RR.
A. C. L.
to
include
1945
ASSET ITEMS—
Miscellaneous
■
interests
'
competitive
at
2,773,271
railway
from the
transconti-?
■
shipper
experience,' judgment
10-year
829,269
:
.;
;
Continental
new
of
for
total
and
202,476
and
2814.
of
Orders
ex-
taxes™..;
Net operating
Net
the
income.—
prof,
Other
Net
the followipg questions:
(
Passenger Equipment—
service
187,512,258
transferred
in
Traific and
in
14
troops is still the' main
passenger
officials, plans are being
made to handle a heavy volume of post-war travel as soon as military
movements permit.
.1945—11 Mos.—1944
17,488,457
17,357,578
—_
and
for
Cash
board
great
compelling in
were
-
investor
assumption
receipt
p.
Although
$
income
Other
contingent interest obligations, other than equipments, of
since June
1,
1944.
On Oct. 31,
it said,
it had total
of
$62,279,303 and current liabilities of *$51,105,298.
announces.
Gross
477,225
accounts
affiliated
of
Temporary
Chicago, Rock Island & Pacific Ry.—Places Orders for
New
effect
Chesapeake & Ohio Railway Co.—Earnings—
Federal
those
the
ment
1945—Month—1944
this
57,171
443,780
517,266
454,285
542,134
24,356
■-
44,405
54,214
assets
162,
soon
Period End. Nov. 30—
influences
3070
Dec.
on
of
support
—V.
2643.
p.
of
p.
offered
$51,290,916
hinting at what conclusion it may reach when its proceed¬
completed, the Commission observed that it would be inappro¬
to foreclose the preferred stockholders from presenting further
evidence
what
$6,870,000
for
current
Without
is
Seattle,
this
on
of
$3,351,371
45,483
54,213
month, $74,849;. cumulative
SELECTED
Is
inquire searchingly into
important
its
basis
set
fixed
Stock."
ing
that
in
lives
One
<V.'
cost
the
concern
priate
1,826,008
Senator
surrounding _ter-
neglect of important pub¬
.
with
end
the
In
Power's worthless and inferior ranking common
only based on Central
of
been
securities
were
3,853
1,818,809
$315,545
proj.
above
balance
Investment
such
miles
affairs
directors?..
tests
which
under
debentures
debt
11,000
of
and
of
162,
company
agreement
on
debentures
exploration
an
issuance
into prior ranking
bondholders which
asked
has
the action of Nov. 26 following termi¬
Milwaukee Road by order of Federal
D. Conn, the Association's Executive
-
authorize
1946,
over¬
those held by others be denied the right to
of or equal with the public holders of the
: ■
••
»
■
v .(\' '
( ' "■ ''
stockholders
will
-
closed V
who
America
Chicago & North Western Ry.—Seeks Equipment Loan
to the issuance
the facts relating
and
debentures
ahead
fraudulent attempt
a
the
They
they
The
facts,
Commission
over
will
all
What
The
to
but also
payment
preferred stock." '<
was
the
MacCullen,
Allen
and
on
a
by
to
led
Wfere
"(3)
the objections of holders of preferred
had asked for further opportunity to
system history
by Ogden
receive
payment,
examiner,
over
Power.
"the
transfer
and
owned
hearing
30%
the
trial
its
of
his
of
that
prove
authorize
to
decision
a
interest
2,498.014
taxes-—™
NOTE—The
credit
lessees,
single representative
not
a'state
board
applied?"—V.
publcly held debentures is to be placed in escrow
of the persons entitled to receive such interest
conditional waiver by the Ogden Corp. of interest pend¬
the
for
100
183,690
.
circumstances
elected.
were
consulted?
determination
and
77,948
180,689
.
defense
ot
income
Special
served
Committee]
merce
the
on
pending
in
the
Donald
directors
There is
'%•;•
1
^
of
into
witnessed
apparent
L. .Igoe,"
railroad,
•
of
$5,181,232
.
,
.
Fed.
hardly conducive to public
confidence in the future of private ownership in this industry.
"We hope Senator Wheeler [Chairman of the Senate Interstate Com¬
proposal of
joint
$4,316,823
equipment)
Amort,
road.
the
trusteeship of
new
area
•nental
the corporation,
Its parent, the Central States Utilities Corp., and the Ogden Corp. to
extend the maturity date of the former's $5,940,000 outstanding deben¬
tures for one year from Jan. 1, 1946.
At the seme time,
the Commission declined to pass upon the pro¬
posal of Central Power, now. in process of liquidation, to make an
immediate payment of 30% out of present assets, aggregating $1,951,000, on the $831,960 of
its 5%
debentures held by the public.
The
remainder of
the debentures are owned by the Ogden Corp.,
parent
The
and
declared.
President,
Extended—
of
has never
that
as
the
of
Association
searchingly"
trusteeship
Michael
Judge
"Fifteen
Central
10,703
$499,335
charges™,
income
Net
produced
Association
"The
share for each share held
dividend of l/10th of a
July 16, last.—V. 162, p. 779.
addition,
in
have
Transportation
Wheeler
share
15 cents per
15,605
$258,637
SELECTED
mination
payable Jan. 15, 1946 to holders of record Jan. 3,
par $5,
similar
A
and,
dividend of
a
$4,301,218
1,459
Deprec. (way and struct.
Reorganization Inquiry Asked—
%
declared
have
directors
$5,170,529
$497,876
1,983
income
fixed
Total
expenses, were
which
The
The
1945—10 Mos.—1944
$256,654
-
deducts, from inc.
Misc,
ITEMS
ACCOUNT
1945—Month—1944
income
oper.
Total
$25,963,740 while annual
,
Republic Co.—15-cent Cash Dividend—
Central
INCOME
income
Other
$23,481,841. The Reed Bill proposes that rail¬
annual
revenues
during
seven
years
preceding bankruptcy sufficient to pay expenses be allowed a leeway
of 18 months in which to negotiate with creditors.
/
its electric and ice properties in the Big
to West Texas Utilities Co. for a base considera¬
Texas
$315,000
ry.
.
preferred stockholder group,( representing 75,000 shares
a
net income in the last seven years of
average
Bend
RR.—Earnings, Etc.
Period End. Oct. 31—
Net
Reed Bill.
'%;•••'•.(;';■ ' ; v
•. •'.:■■■%■ ■'"•;•('
■
' 1 •..•'
' '
'v "•,(•'
petition alleged that the old Milwaukee company had an annual
the
The
sell
to
Clinclifield
•
approved Nov. 26 by Federal Judge Michael L. Igoe.
reorganization plan, consummated Dec. 1, wiped out the pre¬
ferred and common stocks.
The petition contends the Court should
continue
its
jurisdiction of the property
until Congress has acted
average
proposal
Monon
'
The
Approved—
Company's
equipment and to provide a
was
v /'
Power
the
make
old
the
on
Central
said
road, filed a petition ip Federal* Court in Chicago Dec. 26
seeking to regain an interest in the new company, whose reorganization
of
Co...:
M.
J.
p.'3069.'
& Co....
Counsel for
'
consolidate
one
at a
the purchase would
Diesel-operated.—V. 162, p. 2813.
completely
automatic
more
purchase 19 Diesel locomotives and 15
cost of $5,550,000. Harold A. Smith,
to
cars
trustees,
the
Michael
Judge
Group Seeks to Regain Interest in New Road-—
4
Turben
Federal
Chicago Milwaukee St. Paul & Pacific RR.—Preferred
4
Co.——„
by
.
Weeks & Stubbs »4
&
authorized
was
roof, to Install • still
greater working capital.
under
offices
general
~
4
Co
III.,
passenger
for
12
the
and
plants
•
&
E.
4.50
4.50
Moseley
Rollins & Sons, Inc.
Route
4
4
Co.—
Chicago,
at
Igoe,
attorney
Dec.
on
company
streamlined
'
4.50
4.50
>
Kirkpatrick-Pettis Co.——
4.50
& Co.—_
S.
H.
4.50%
......
& Co...
Co..
&
Witter
Merrill,
E.
Co._.
Anthony
Wisconsin
Beane.—t.._
&
&
Weld
Whiting,
Pierce,
F.
—V.-162,
Putnam
5.50
4.50
4.50
Inc.—...
Lynch,
Hallgarten & Co.—
R. W. Pressprich & Co.—
5.50
Peabody & Co..
Coffin
White,
Tucker,
Co.,
—
—
Shields
5.50
Co—
The
L.
5-50
— —
&
Ripley
shares to be purchased
such
5.50:
5.50
Corp...
Inc..
Sachs
of
refinancing of the company is intended primarily to
The
the
company,
the
2,
1946, will amount to $43,340,281.
heretofore
as
classified by
amounts eouivalcnt
profits; tax. qnd; state, income tax
provision for taxes representing
reduction, in
Federal
excess;
(
Alabama Power Co., al subsid¬
3190
THE COMMERCIAL & FINANCIAL CHRONICLE
O
resulting Xi*oni the amortization ofXemergency facilities, have been re¬
classified
in
this
statement as
"Appropriation
to Special Property
Reserve,"
to
which
reserve
account
such
amounts
were
credited.
Accounts
Amounts
Accrued,
ther
heretofore
reduced
duction
from
in
earned
this
Federal
the
amounts
in
classified
statement
In
profits
excess
acceleration
and
tax
amortization
of
Notes
taxes have been fur¬
amounts equal to the estimated re¬
provision -for
as
3%
The
and
contracts
debentures
other
liabilities..
current
payable
due
June
30,000
/
2,055,000
9,686
:
_—
Earned
payable,
bond
—
shares)
9,497
8,051
_____
surplus
LIABILITIES—Traffic
43,110
160,000
contingencies
interest in subsidiaries:
(484,573
surplus
;
145,000
31,785
for
Minority
Capital stock
kilowatt-hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of
territory served for the week ended Dec. 20, 1945, amounted to 250,629,676 as compared with 276,997,713 for tho corresponding week in
125,000
2,375,000
1946
1,413,402
—
Paid-in
interest
1,424,465
I960..
income
Provision
weekly
1,
SHEET, JUNE 30, 1945
ASSETS—Cash, $1,395,236; U. S. Government securities and accrued
thereon, $2,327,976; accounts receivable, $718,580; inventories
(at
cost),
$131,244;
other
assets,
$3,290;
property and equipment
(after reserves for depreciation of $912,477), $918,985; prepaid ex¬
pense, $42,277; tctal, $5,537,587.
-
51,414,140 $1,102,433
_
payable—others
Deferred
to
Such
Weekly Output—
of
payable
and
Notes
emergency
years prior
to 1945 having been credited to
adjustments have been prorated to each of the
ending with the month of September, 1945.
applicable
surplus.
months
BALANCE
county, State and Federal taxes
Debentures—annual skg. fund due Dec. 1,
income tax: resulting
facilities, such
state
of
Monday, December 31,. 1945,
LIABILITIES—
484,573
482,275
875,514
...
ees'
and
1944,
decrease of 26,368,037 or 9.52%.—V.
a
162, p. 3070.
162, p.
(The)
for
the
week of 1944, an increase of 3.8%; Local-dis¬
electricity amounted to 198,900,000 kwh., compared .with
188,900,000 kwh. for the corresponding week of last year, an increase
of
5.3%.
'
.
.
,
'
• •
Crosley
..Crosley; Corp.—V. 162,
-
F.
Fairman
has
been
elected
Vice-President
in
charge of'
and operation.
He had been: Assistant Vice-President fop
inventory,
testing,
purchasing
and -stores.
Production * and
operation have heretofore been under the jurisdiction of Hudson R;
Searing, Executive Vice-President. r(
' •
*
.
, T
.
The
SEC
company
Stock,
S.
William
F.
the
of
O'Brien,
retirement
Assistant
that
on
President,
effective. Feb.
company,
who
the
to
J.
Wittmer,
date
Personnel
will
retire
1946,
1,
has
to
the
under
plan after 46 years of service.
John
Dr.
Executive
Sutton,
been
succeed
»
Director,
Colin
C.
Simpson,
has been
who
operation, became Assistant
testing, purchasing and stores.
Other
of
manager
electrid
Executive
been
Vice-President, production
for design, inventory,
r
-
)
changes in the Consolidated
Edison
organization
appointment of Edward E. Hill, who has been associate
the
ah
production;
Vice-President.
Assistant
Cashier,
to
the
of Executive
post
William
.
E.
Assistant
Aschenb'renner,
made Cashier.—V.
was
162,
has
became
who
to
has
3071.
p.
■
2815.
p.
•
\Ks
,)
'>•
'
-
V.
C.
Vultee Aircraft
Schorlemmer,
Vice-President
in
Controller
charge
of
Corp.—New
since
March,
finance.
Prior
1943,
to
the
V.-Pres.—
has
been named
of V-ultee
merger
and
Consolidated, he was Vice-President in charge of finance for
Aircraft, Inc.
Schorlemmer succeeds Francis A. Callery,
who
resigned recently.
-»
Vultee
Reports Fourth Quarter Sales and Unfilled Orders—
The
sion
corporation
sales
ended
of
Nov.
Unfilled
30.
set
•
Jan.
4
for
hearing
a
proposal
the
on
owned
of
the
to
162,
sell
•
its-
stock
common
3071.
p.
See
National
to
Bank
of
be
may
the
to
during
contracts
orders
Securities
the
final
accounted
Nov.
of
as
and
Exchange
quarter
for
30
of
its
lar
corporation
Dec.
on
Normal
Corp.—Prepays Bank-Loan—the
announced
18
A
"
.Originally
the
in
$300,000
due
stallments
amount
annually
in
1946
of
*
$23,650,000.
amounted
to
r
Jan.
in
and
1947,
$600,000,
aggregating
it
under
the
,
City
of
outstanding
162, p. 3071.
its
at
credit
agreement with
York.
This leaves
New
any
time
one
under
the
Other
$50,000,000
the
New
2042,
Consumers Power Co.—Earnings—
Period End. Nov. 30—
Gross revenue
$5,341,113
2,130,329
expensesi
Provision
Gross
.
Int.,
Net
Net
2,665,528
28,676,835
822,090
8,825,798
1,458,948
:jt
>680,723
NOTE—The
excess
and
in
in
to
from
for
the,
before
increase
call
premium
1945,-
issued
and
13,016,056
expired
reduction
$3,988,303
period
of
and
bonds
to
deduction
and
pense
to reduce
bonds
on
Michigan
specified
that
charged
to
the
for
balance of unamortized
refunded
Public
Service
the
in
of
in
1945
callable
item
Commission.
The
taxes
of
in
Debt
call
accordance
reduction
net
"Amortization
of
for
order
Discount
premium
with
of
shown
and
order
said
ex¬
the
of
Commission
above
should
«.,!! «I!0piCuns' director of
to the
01
L
position
Wierengo
Continental
Mr.
of
public
&
relations
also
will
Engineering
ot
goods
oper.
exps.,
sold
6,593,983
Int.,
5,864,016
debt
$1,185,013
&
been
the
late
p.
2639.
,
16,839,890
$3,648,432
188,364
$3,599,359
146,977
18,939
29,690
58,360
85,516
41,744
218,258
163,970
-
.
of
$3,836,796
936,427
$3,746,335
2,595,563
$299,653
2,650,646
$964,616
subsidiary—.'
'
Inc.——
•
Accounts,
S.
241,759
$1.99
....
and
notes
in
and
Government
Inventories
Post-war
contracts
....
other
than
of
cost
■"
—
receivable
Receivables
±
■*
;
current
Federal
^
taxes
_
rehab.
and
&
replac.
fund
(U.S.
Treasfnotes)
equipment—depreciated
_
Dairy herd
Cost
of
Prepaid
trade
the
listing
of
due
;
all
of
incidentals,
share.
per
of
the
$14,-
May
to
the
"
-.
I
routes
expenses
_
Total
•
v
Dec;
:
—
1.1111
—III
.1.1
'
the
stockholders
of
record
authorized
the
transferred
be
CAB;
The
award
Knoxville
from
and
extend
to
City,
extends
to
the
in
of
with
the
issuance.
the
Route
AND
1
Four
to
hearings
The
Great
Detroit
and
seeks
to
New
Juan
via
for
Lakes
OTHER
Service
*
tween
A
Memphis;
(2)
Meridian
request
ently
and
a
The
route
for westward
INCOME
-
Chicago
to
,
Boston-New
from
York-Atlanta-New
extensions
Dallas-Forth
from
'
'
ACCOUNT, FOR
•
ENDED
•
Worth
JUNE
30
revenues——_i__
income__^_—,.._L
_—1—L_1
deductipns
the
member
of
162,"
Oct,
p.
as
$4.73
companies of
Dresser
2640.
31,
1945,
as
compared
"
1945
Income
&
taxes—_„i—
depletion—^
and
3,850,161
4.660,133
5,046,327
1,973,324
5,213,487
2,806,990
$3,421,176
$3,061,878
——
discount——:—
debt
—
——__
4'/at%.%
011
1944
$14,290,988 $15,742,483
profs,
exe.
before
share
per
162,
state
prior pfd.
taxes
stock—
1,108.729
on
1,108,729
dividend3_i___
$2,312,447
$1,953,149
pfd.
of 6%
stock_
$5.22
$6.18
3071.
p.
Eastern Utilities
Associates—Earnings—
1945—Month—1944
Period End. Nov. 30—
Bal.
:-
to
revenues
from
%"
Bal.
'
•
158,192
for
&
"Loss.—V.
surp._! !•
162.
1,472,652
"11,475
41,354
85,649
1,514,006
,405,056
'1,319,407
f
etc,
exps.,
divs.
133,752
"10,401
A
inc.,
(net)
/,
1945—12 Mos.—1944
$1,001,129 $11,802,279 $11,492,694
$1,032,580
.
applic.
subs,
U.
E.
Other
serv¬
p.
147,791
3071.
v
122,277
;
"
r:
-
-
:
.
Duraloy Co., Scottdale, Pa.—Shares Offered—Johnson
&
is
The
company
acts as transfer agent and
AND
in
offering
are
1924
100,000
shares
(par $1) at $3 per share.
of
%
registrar for the securities^
CAPITALIZATION—Company was Incorporated ir»
and has an authorized capitalization of 1,000,000
par) common stock, of which 500,000 shares arc presently
and owned by:the-Heyward Family, the-sole stockholders
company;Upon completion of this ; financing - company will
have 600,000 shares outstanding.
;
'
:
'
shares
($1
outstanding
of ) the
f
•
.
$1,749,924
of
: ,574.228
,
Pittsburgh,'
stock
/HISTORY
Delaware
pres-.
.-
Johnson,
common
PURPOSE!—Company now proposes to offer and sell 100,000 shares
the 500,000 shares'of treasury stock in order to provide additional
working capital for the business. '
'51,278.
66,738
".
35,897
6,570
12,461
;
"
.
,
.
t
Zr
"$3,233,326
one of the pioneers la
high chrome and chromenickel alloy, castings of
the heat and corrosion resistant types* and
Is today-regarded as one of, the leading producers in the industry;-.* J
... Company* specializes
in ihe production of high alloy-castings of the
type
classed
as
heat,
corrosion1' and
abrasion
resistant.
Typical
products are ^ structural1 parts' for furnaces,
stills, burners, nozzlfes,
tube.supports, hangers, furnace conveyor parts, tmnealing and carborizing
boxes, pyrometer tubes, magnesium: and othqr retorts, tubes,
pipe, fittings, pump„ casings, molds, impellers, valves,. rolls, A catalyst
grates,'heat exchangers, etc.
All products of the compaiiy - arc pro¬
duced under rigid engineering and metallurgical supervision and-are
designed to stand up under extremely^ difficult, operating, conditions." f
Company, produces
approximately
25
different, combinations
of
alloys; the-principal alloying elements being chrome up to a maximum
of 30%, and nickel up to a maximum of 65% .
Other alloying'elements
are
used in smaller quantities in order to. obtain particular charac¬
teristics in
certain products designed to meet special service, condi¬
$I,517;567;--V $837,789
14,887 .
.61,832
$2,423,789.
,4
;
69,578
'
' /' $899,B22
*
>157,183
$1,462.,87C
taxes
>
stock
tax
$550,781
" "$776,165
71,988
.
.
-
l'
$70l,177263.080
282,863
500,000
41,990
$644,294!
131.871
.,
$742,439
.
370,105
taxes__
'
—„
..30,970
$428,606>
,
.1.
common
represented
<
*$1.38'
share
$297,576
by
y
*
>
'$2.16
50% ' stock: dividend.
37,101
-$403,991
•<
$2.04)
'
BUSINESS
the
r
per
"Including
inc.
income
Operating
3,638,960/,r T.395,536.,-;' 1,779,494
$1,532,454
Net addition to
surplus-
Earnings
350,000
$1.69
—
'
1943
,.517,371
1
65,507
'^
97,286
$5,156,527
income
167,556
$9,446,201
1,060,059
—
;
Orleans-
\
1944
•'
752.963
8,551.
;
capital
.___
1,656,359
"
operating
income
-1944
1,800,000
—______
year previous.—V.
a
and
Earned
%
103,393
revenues
Federal
State
$5,603,094
$81,000,000 $54,995,408
—i_
outstanding
requiremts.
—V.
and
;
;
YEARS
baggage
income
.
1945
.
—
taxes
share—„
for
Balance
•
income
Other
after
consolidated
Net
New York,
present,Route 24 be¬
•"'
"
in Delta's
1945
income
1944
$14,804,964 $18,282,074
—> .8,661,443
12,678,98()
Inc.—Earnings—
__-
shares
Interest
Div.
\
-
______—$4,193,214 '- $2,577,139
operating
:.
1945
:
—
12 Months Ended Nov. 30:
Birmingham-Atlanta-to
gap
Express and freight___u.-«2'__l_f;_i "
Net
Currency) i !, •>
$6,143,521
per
Provision
Fort' Worth-New
the
of
Orleans.
.
Total
S.
2390.
$25,000,000
Total
Currently
is
preparing
include:
seeking extensions from Cincinnati
Mississippi Valley Case,: in wjhich
Texas, as a new stop and to give
(3) The Kansas City-Miami Service
from Atlanta-Birmingham to Kansas
v
Incidental
U.
Eastern Gas & Fuel Associates (& Subs.)—Earnings—
r
r
Cincinnati
Miami.'
and
extension
Mail.
Excess
Subs.)-^»
(&
'
In
The
closing the
New
unassigned.
Passenger
profit
to
Delta
Longview,
(4)
seeking
Washington, and
and
Ltd.v
.
backlog of unfilled orders of
Industries, Inc., totaled $21,452,000
;
>
y.
which
obtain
Case,
Federal
163,264
.
FUTURE
Havana, and for. intensified local
Area^Case,
f
/'"!'••!' L
profit
Depreciation
•/.
Cleveland;
162,
in
Corporation-Seagrams
sales.
from
for
re-5
adjust¬
taxes.—V.
1927-and
continue
The
after
•/«'.'
service to New Orleans;
seeking to extend Route 24
via
from
54
Monroe
Case,
*•68,059
$11,275,584
since
and
all
162, p.
Earned
Birmingham to Oklahoma City
Orleans-Shreveport service to Tulsa and
requests
San
Southeast.
Net
1
Vice-President
operating charges
and. excess profits taxes—
Common
income;
V
Charleston
24
income
■"
Net
';.
company's, gross
denied.
are
to
route
the
than
v
Dresser Industries,
of
as
$2,089,467.29
company
AWARDED
terminals
Delta's
were
pending
Orleans
other
postwar
Co.—Changes in Personnel—
Years Ended Oct. 31—
transfer
%
Applications to extend Route
431,103
625,000
; '
Vice-President
Net
five Delta applications considered by the Civil Aeronautics Board
hearings were reopened in 1943, approval was given the request
Chicago-Miami service, longest domestic route ever awarded by the
Total
3,167,395
121,282
Peirce,
to
106,559
214,612
taxes
$7,084,238
(depreciation)
for
C.
after
Net
-V.
stockholders
same
.
575,000
4,018,143
all
and
Vice-President, has been elected President and Treasurer,
A. Tilt, who has been elected Chairman of the board,
Jan. 1, 1946.
•
; >
i'
A.
Income
1,972,801
Tl~843
for
retirement
to
depreciation
Bush,
Profit
18,
Of
for
Other
50411
accelerated
accruals
Distillers
annual^ report,- states
on
At
EXPANSIONS
t
2,686,292
329,274
25,111
$6,879,501
appropriations
for
Earnings—
'
"
•
,
;
Expenses
$1,372,158
1,364,176
unfunded
Other changes include the promotion of T. C.
Huxley, Jr., previously ,
in
charge of sales, for the .Eastern territory,, to be
General Sales Manager, succeeding Mr. Bush.~V.
162, p. 2640.
j;
board
81.3%
RECENTLY
215,323
.
baggage, 2.0%; air express, 1.9% ; airmail, 14.6%; and:
0.2%.
,
1,
value
par
connection
in
for
280,734 >
Vice-President
of directors' plan
to issue
stock, which was equivalent
share outstanding, to be delivered as fully$3
stock
expenses
accounted
ROUTES
NEW
$1.72
$1,407,211
1,506,226
224,107
and
company.
v
;
1944; it wa.">
the corporation to provide
company be changed from
the
of
public of this stock netted the
Passengers
180,855
"
1944
...
Investments—fixed
Plant
to
deduction
14,579-
*
84,500
i.—_
c
refunds
refund
receivable
Securities
securities—-at
Post-war
1945-
banks
_
tax
■'■i
a
passenger excess
845,199
——•
ZZJZZ~~~~~Z
—1—711111:—LIIII
—•
Marketable
Pit.
sale
1,004
„
963,463
COMPARATIVE CONSOLIDATED BALANCE
SHEET,: SEPT. 30
hand
S3
of
each
for
obtaining
$846,203
1,152
"
—
share
ASSETS—
on
of
non-assessable
.Revenues:
in
America,
dividends
per
share
shares
voted
was
shares
:
_'$11,702,487 $11,867,107
debt:_i__4,822,986
4,782,869
a director,
will become
charge of engineering and
production.' Sidney A."Cook, Vice-President and Secretary,)who has
been an officer and director since 1918, has
resigned the Secretaryship
and
that position
will be filled by J. F. Danielson, Auditor of th»
.
dividends
Earnings
of
(1)
18,457^859
48,772
761,811
Preferred
value
par
$11,421,752 $11,651,784
—_r—2.
.
C.
broader stock ownership in the company's'present
and prospective route territory.
This was accomplished in February,
1945, at a sale price of $22.50 per share to the public, making a total
of 400,000 shares of S3 par value common stock
outstanding, 'The
$22,106,291 $20,439,249
$1,258,747
„
$318,571
•Minority interest
U.
and
operations—1
income..
.
Executive
capital
stock and $255,588 to capital surplus.
The stockholders also approved
the tentative plan of the board of directors to sell to the
public 102,424
shares of the corporation's $3 par value common stock for the
pur¬
pose
of securing additional corporate funds for post-war expansion
ice
117,537
ex p.
Net
Common
and
3,534,000
4,
12, 1945, payable on Jan. 25, 1945.
$297,576 from earned surplus, 341,988
Still
*
$1,307,519
taxes
Cash
paid
,
Creameries
a
approval
Kansas
$1,216,858
Other
income
Allocated to:
to
additional
one-half
City
income deducts.^
Prov.' for Fed. & State
'
.-v
the stockholders'
authorized
500,000
par
99,192
Delta
—
—___L
disct.
has
advertising director
162,
.
31,845
income
1942,
succeed
1945—9 Mos;—1944
and
,
the
L
.
company's
'
meeting
be
Subs.)—Earnings—
$7,122,763
income
Total
(&
$7,779,001
inch depr.
Operating profit
Other
as
1945—3 Mos.—1944
_
Cost
serve
Corp.—V.
Creameries of America, Inc.
Period End. Sept. 30—
Net sales
since
Director,, to
Advertising
Hopkins
Aviation
the
in
meeting of
unanimously voted to amend the charter of
and
Corp.—New Advertising Director
and
effective
Listing of-
—
trust 'bonds,
to
expense
utility
3 Months Ended Oct. 31—
Faulk,' President,
the
66,178,80(1
impound., orders '» 8,339,000
11,508,000
to impoundings;'_ Cf9,807,000 Cr5,616,000
income.:
current
provision
E^ J.
since
Motors
appointed
John
authorized
collateral
jCorp.—Annual Report—-
the 'annual
that
t-66,093,478
of
Diamond-T Motor Car
pursuant to
and
the
Continental
has
issuance
of
Expense," but- in the
management, with which their independent accountants
concur, the taxes chargeable to
operations of the company should not
be reduced
by the net reduction in taxes
resulting from the deduction
or
the.,net
refinancing costs, as to do so results in
overstating the
gross income of the
company by such amount.—V. 162, p. 2940. :
opinion
•
Division
of
from
funded
succeeding
2940.
Jan.
1945, the net re¬
duction in such taxes of
$5,935,931 being applied to extinguish the bal¬
ance
of
unamortized
discount, premium and expense on refunded
bonds
Exchange
Essex
notice
part:
At
v
,V 3,525,000
provision due
2640.
p.
,
authorized' the1 listing of $28,series due 1975; air of'which are
in
September,
In
on
ments,
has
12
$6,469,288
$533,357 in Federal income
from
taxable income of dis¬
in.
E.
C.
in
to
$3,755,359
applicable
and
sold
$7,413,121
3,424,818
of
deductions
September,
bonds
taxes
and
$7,020,240
3,264,880
$265,883
stated
are
tax
and
expense
applicable
for
1945
profits
resulting
redemption
285,388
$446,809
ending
Federal
surtax
Exchange
Stock
and
official
Delta Air
no
$551,272
205,420
provisions
months
and
$652,229
stock
_____
9,832,1411
$1,041,096 $11,441,738 $12,587,461
489,823
4,421,497
5,174,339
332,562
___L_L
pfd.
Balance
count
$984,792
charges
(Expressed
9,630,284
H
'
%'iv '
to date
income
"Includes
plan of. adjustment by
merger of Morris & Essex RR. into Delaware; Lackawanna & Western
RR., dated April 26, 1945.—V. 162, p. 2816.
25,181,652
1
_/_!
York
Morris
on
V®V/;'■'V
■'
income
serve,
$5,209,443 $58,776,514 $60,415,455
767,042
deductions
on
1945—12 Mos.—1944
taxes—
for
income
Divs.
>
amort._
&
income
etc.,
'
.1945—Month—1.944
...
_______
Depreciation
Stock
bonds, 2%%
outstanding.—V. 162, p.
and
934,950
Operating
York
first mortgage
The
■
.
prior
corporate
Interest
'j
.»
Morris and Essex Division Collateral. Trust Bonds—
agreement.
owned.—
.
(& Subs.)—Earnings—
surtax—
miscellaneous
Gross
'.''V
Delaware, Lackawanna & Western RR.
Chase
' \' •<%>••
'
:
have; just;
■
M
New
issued
$210,000,000.
Name;: Etc.—■•
tax—
made
Balance,
$1,500,000, the loan was scheduled to
19. 1943, through'11947. * The twef'-in-,
■'
850,000
'
1945
% !
30—*:•'% v.;:
1944
' J
'vi'v'1:1.'
utility operation|_L---*'-:i $79,572,230 $87,256,584
maintenance
and
Reduction
v
Dayton Power & Light Co.—Listing of First Mtge. Bds.
year
Southern
"
paid.
The
largely
: -
Air
offices
•"
,
2640.
„
is
/■j
Corp. 'abovej'
and
tax
Prov.
of-' the bal¬
prepayment
After retirement of this Joan, net
working capital stands at around
$7,500,000, which is practically the same as on June 30,'= 1945, the end
of the company's last fiscal year,
1
This working-capital is equivalent to
approximately $14.50 a share.
on the 514,106 shares of common
stock, the only outstanding capitaliza¬
tion of the company.
This compares'with a working capital position in
the
proportion of $9.11 a common share five years ago.—V. 162,
p.
Delta
•.*,.
general
•
war.
been
It
has its
now
from
Excess', profits
five-year bank loan, leaving it free of all debt, except regu»
trade liabilities.
VV>•"
: ; i
loan was negotiated at the beginning of 1942 to finance
the cost of war plants constructed in the early days of. the %
mature
Ga.
'
•'-12 Mos. End. Nov.
bank
of
Air
Gross* earnings
current
part,
Atlanta,
Detroit Edison Company
;
at ^competitive
holdings
of its
The
Commis¬
fiscal
Delta
"Operating
The
in
•
.
changed, from
was
company
Delta Air Lines, Inc.—New
*■"
;
Davison Chemical
ance
company
Inc.
Louisiana, the
.
proposes
bidding.—V.
,
the
Lines,
in
1638..
p.
of
name
headquarters
162,
V
^
terminated, effective Dec. 1, $40,000,000 of the bofrowing
available
which
—V.
War
government
The company
power
reported
$23,800,000
Chairman
to Delta Air
and
V.
^
s
Woolman,
Vice-President
and
General
Manager,
President,
succeeding C.
E.
Faulk, * who
of
the
board
of
directors, a new position, " and
elected
was
Incorporated
•
V
Consolidated
17
corporate
Corp.
change its
to
all
Electric
Vice-President
year-end
Includes
the
Assistant
Everman
Dec.
the
.
,
,
elected
an
Assistant Vice-President, industrial relations.
Arthur
L.
Block, who has been cashier', lias been elected an Assistant- Treasurer;
and
Collett
on
32,500 outstanding shares ($100 pari- common
by its parent, Electric Power & : Light - Corp., " into:-,
162,500 shares . ($20 par>. Through amending its charter,; Dallas also
j
proposes
to
provide cumulative
voting
for- its" common stock : and /
fjcen
has
Changes Name—New President, Etc.—
m
!
'
company's
'
Medical
and
,1
salaries
,
Vice--
New
—
'
Dallas Ry. & Terminal Co.—Hearing Jan: 4—
,
James
Treasurer
Ohio
Cincinnati
-
„
design,
Harold
:
,
production
elected
Corp.,
'
.
Changes in Personnel Announced—
v
..
.
Crosley
Distributing Corp.,
and
the
appointment
of Sherman
A.
Bishop to succeed him as Eastern Regional Sales Manager for The
of
employ¬
$48,561;
income
crued
R. C.
Cosgrove, Vice-President and.General Manager,''manufacturing
division, has announced the appointment of Norma C. Macdonald as.
Vice-President and General-Manager of the New York branch of The
corresponding
tribution
*
2940.
President of Unit—
on Dec. 26 announced that system output of electricity
(electricity generated and purchased) for the week ended Dec; 23,
1945, amounted to 206,300,000 kwh., compared with 198,700,000 kwh.
taxes,
$23,950; employees' social security taxes, $5,114;
liability, $13,223; transportation sold but not used, $48,employees', benefit fund, $3,941; accrued Federal capital stock;
taxes,
taxes, $870,106; accrued State income taxes, $41,990; ac¬
property tax, $202; accrued social security taxes, $17,867; ac¬
and wages, $25,074; insurance, other accruals, $13,253;
capital stock (par $3), $1,200,000; capital surplus, $2,037,783; earned
surplus, $847,823; total, $5,537,587.:
! V
-'
l: $11,275,584 "$9,446,201
;
The company
payable,
$198,895;
trade accounts
accounts payable, $1,367; employees-
Federal' transportation
crued
Total
Consolidated Edison Co. of New York, Inc.—Output—
balances
employees'
$3,640:
refund
518,"
3,345,929
this
—V.
income
ticket
851,001
4,335,924 v
...
$136,280;
deposits,
AND
PRODUCTS—Company
development/ production
and
sale
was
of
tions.
•
"-The
,
company
castings of
miscellaneous
adaptability to-
also produces by the centrifugal method
varied
shapes
depending
upon
design
and
.Volume 162
,1,
BALANCE SHEET SEPTEMBER 30, 1945
No ./patented- alloys. or , processes are involved .but thecobstjtfitlydev eloping in its : engineering department; and; -^.(.ASSETS^Cash-,hi'banks and on hand. $1,288,208; accounts receiv¬
Process.
and
of
OP
new
and
processes
INCOME,
JAN.
1,
able
1945
APRIL',30,
'
TO
allowances,'.
1945
8940,773
sales
and
LIABILITIES—Accounts
•
70,440
general expense,.',
profit.__^___c.^_--_,,-_.___-___^^_^rr„r^-l".*.
Operating
deductions
eral
8107,317
British
'18,723
(net).......
&
for period.:'— i...
y/
FINANCIAL STATEMENT AS
ASSETS—Cash
able,
$247,137;
hand, and
.on
inventories,
in
APRIL
OF
30, 1945
'
*
$168,001; accounts
surrender value
cash
$19,742; property, plant and equipment (net), $889,493;
assets, $103,638; prepaid expenses and deferred charges, $4,010;
$1,685,725.
-
total,
stock.
$277,308;
total,
capital
surplus,
earned
$130,923;
'
Period End.
Operating
$8,109,711
185,651
117,410
1,857,986
Deprec.,
for
30,790
307,603
Other
104,722
115,718
1,498,026
other
than
V
_.i
income
Exploration
opment
and
taxes
in
88,029,241
:
-
27,125
it
costs
27,105
for
deducts.
268,590 '
16,394
19,450
S2G5.428
0)10,183
Z)rl60,06G
$220,599
Excess
32,163
.:
stk.
div.
Balance,
,
400,934
395,654
.
1,125,749"
21,777
895,493
require...
j
,
•,
'
"
CONSOLIDATED
.'243,784
8.631
103,579
U.
and
$1,969,403
BALANCE
SHEET,
to
Treasury
deposits
30
1,001,487
-:
cl_——I"
Series
debt
deferred
♦Reacquired
6,890
-;!?•
discount
and
68,498
stock
Premium
on
First
2r'o
mtge.
note
(par
($3
lProv.
/ ■
88;132
bank,
long-teim
due
■r^ln
Reservc
due
June
5,
Other
shares- of
Plans
•
,.$3
employees
.'
*•
par -value
9,381,963
7,970.997
'"i
-
8,317
^
29,000
- v
fornia
sold
at
102
Bank;
of
6,568,150
»
■)
Stock
co'st,
at,
Purchase
acquired
of, $7,500,000
shares
quotation
for
under
El
Paso
of
vide
estimated
headed
by
and
to
—V.
bond
of
told Uhe
company
issues
which
Weld
underwrite
this
It
month
is
will
Co.
&
any
These
due
would
be
has
of
per
$1 000 face
shows
convertible
and
Figures
corporation
of
for
stock
plus
issues,
and
prepared
in
the
of
cash
June
30,
1945,
share,
;A/Figures ,foi\,SepL : 3,0,
of
debentures,
$90.78
and
$2.78
showed
and
nine
date
in
Int.
earned
on
.
per
Interest
Taxes
■
NINE
MONTHS
bonds...
actions);-
of
income...
dividends
expenses
*'■
113,000
6,062,806
Power &
tFull dividend
earned or un-
Sept. 30—
J
••.-'
^Includes
;)•.
••.
••••
■
:;r
j*.
1,776
2,599
$11,021
$145,824
$152,294
119,125
109,198
i;; r;";
$673,093
3.021
subscribed to. by, the, un¬
of
ENDED
(financing
the
-
Preferred Stock—
v
of
payment
"
$676,114
$10,339,522
SEPT.
cash in
162, p.
23,132
13,826
7,088
4,858,
36,746
19,762
173,095
164,982'
364,725.'
364,725
561,205
1,458,900
25,698
,458,900
;
Friiehauf Trailer Co.—Plans Avon Plant—
1
["■ 1
recently announced plans for the construction of »
manufacturing plant on a 186-acre site in Avon, about
20 miles-from Cleveland, Ohio,. The new plant, said to be the largest
truck trailer manufacturing plant In the world, will be one-story, ol
steel and
concrete.
The main building will be 2,250
feet long and
400 feet
wide and there will be a two-story administration buildingThe
699,218
8,716
9,171
36,228
36,683
i 13,000
10,000
402,000
40,000
>
ccynpany
$4,500,000
and
t
'
$118,887
SHEET.
securities
-
banks—on
SEPT.
and
30,
dividends
a
•
$30,218,881;
stock
'■!'■
companies,
and
discount
••■-,'
"
.
P.
Skogmo,
W.
Dividend—
announced that a dividend
to shareholders
during 1945 to
quarterly dividends of 50 cents each having
President,
22
Dec.
on
share,
per
three
in the year.
exceeding $400,000
■'
r
also paid in cash before
it was stated.
/
In addition approximately $260,000 will be paid by the company for
1945 Into the employees' profit-sharing trust fund. This makes a total
of approximately $1,000,000 which the company will pay out in yearend dividends, employee bonuses and employees' profit-sharing trust
'fund contributions prior to the close of the year.—V. 162, p. 2641.
been
con-
paid
earlier
Year-end
Ex¬
Christmas
ex¬
*
•
■
$3.25
$2,561,-"
reacquired capital stock (973
of common stock), $103,■
p.
„of $1.75 per share on the common stock would be paid
on
Dec.
27.
This brought
total dividend payments
shares
:
'
persons
162,
Gamblc-Skogmo, Inc.—Pays Larger
;
etc.,
special cash deS. Government obli-
debt
2,500
V.
i
$9,901,526;
unamortized
and 902
also
$623,564
$7,795,613
1945
receivable—associate
cafeteria building. The plant Is expected
and. to be -in operation by August, 1946.—
2270)—V. 16L, p. 3072.
;
two-tory personnel and
-employ
"(See
advances—subsidiaries,
demand.
Uo
bonuses
to
were
employees of the corporation,
2030,
deposits),
$3,030;
gold
debentures
5%'
series
due
called
2030
Changes—
•
,
General American Investors Co., Inc.—Div.
for
Ruling—r
directed that Exchange
contracts in common stock on Dec. 26,
1945, shall be ex-cash divi¬
dend of $3.06 per share.—y. 162, p. 3072.
The
(
New
Stock
York
Exchange
Dec.
on
-
has
also
elected
been
Treasurer, it was
President.—V. 162, p. 2641.
announced
have
•operation of
j-tures due
been
called
redemption
the" sinking fur.d,
Jan.
1,
1962,
the'Guaranty Trust
"V. 162,' p. 1639.
'r
at
Co.',
-
.
for
100
$409,000
and
on
ci
140
1,
21
Payment
has
was
recently
■
The
ICC
through
fund deben-'
will
Broadway,-New
be
York,
1942
6,234
9,828
14,303
23,596
in
payment,
of
equipment to
162, p. 2941.
the
be
authorized
14
of
promissory
unpaid
acquired
the
N.
Y.—
portion
under
of
a
in
Mention
to
further
par
not
The
but
not
Interest
the
purchase price of certain
conditional sale
agreement.—V.
$248,226
80,613
67.776
94,375
112,083
§121,471
3,184
4,165
2,175
$302,199
It
a
was
announced
proposal to
Corp.
and
to
on'
Inc.—Changes Name—
Dec.
change the
move
the
that
27
name
of
corporate
the
this
Y., to Maspeth, Long. Island, N.
stockholders
corporation
office
of
the
Y.—V.
162,
to
have approved
Fedders-Quigan
company
p.
from
Buffalo,
"
2941.
$115,384
400,311
Fedders-Quigan Corp.—New Name—
*
Fedders
Mfg. Co., Inc., above.
"
'
"
'
"
Debentures Offered—
24 of the offer¬
'
'
are
payable June
dated Dec. 1,
1 and Dec. 1.
1945, and
are
due Dec. 1, 1960.
1
net
CORPORATION—Corporation was formed in Delaware March 8,,
1929, as Electric Shareholdings Corp.
Electric Shareholdings Corp.
commenced business as an investment company about March 20, 1929.
Following a change in management late In 1938, its name was changed
0
mod
nrHia
nf
—
See
—
proceeds
(approximately $2,644,907) will 'be
used
together with other funds of the corporation, to pay, at tneir
principal amount plus accrued interest, the corporation's bank loans
maturing March 31, 1946, which bear interest at the rate of 21o per
annum and are outstanding in the amount of $2,650,000.
The puipose
of refunding the bank loans with debentures bearing a higher rate of
interest
is
to
obtain the benefits of a
distant maturity for the
$2,650,000 of indebtedness presently represented by such bank loans.
-
Fedders Mfg. Co.,
63,169
79,375
debentures
PURPOSE—The
15,604
77,387
Corp.
made in our issue of Dec.
1, I960.
at
evidence,
issue
was
ing by Union Securities Corp. and associates on Dec. 21
at 101% and interest of $2,650,000 3% debentures due
-Dec.
-
company
notes
announces
and
General Shareholdings
made at
,
.
Dec.
on
$350,000
Stockholders—
that the total number of General Motora
preferred stockholders for the fourth quarter of 1945
was
425,657, compared with 426,045 for the third quarter of 1945,
and with 423,825 for the fourth quarter of 1944.
.
There were 403,691 holders of common stock as of Nov. 15 and the
balance of 21,966 represents holders of preferred stock, as of Oct. 8,
1945.
These figures compare with 404,075 common stockholders apd
•21,970 preferred for the third quarter of 1945.—V. 162, p. 3072.
company
common
1946,
3'/asinking
interest.
trustee,
Feb.
General Motors Corp.—No. of
The
'
.
Empire Gas & Fuel Co.—Partial Redemption—
30
$278,602
4
j
O. Canaday," formerly Treasurer and Assistant Secretary,
appointed .Vice
President
and
Harold
F.
Sanders,
who
There
stock.
1943
$99,125
-
-
*
$2,891,953
3,491
•w
-
797
$7. preferred
exceeding
S70.053
•
received upon presentation and surrender
Continental Illinois National Bank &. Trust
2941.
5
/
'
be
may
stock certificates at the
Co.,-Chicago, 111.—V.
5,284
$2,891,705
.
.debs.i.'ii.-t
by Edgar H. Dixon,
debenture,
common
$283,150
pur-"
exercise of subscription warrants
them from certain stockholders. '• ■;.*• »
been
8,503
;•
Offered—Under¬
Corp.—Stock
r"'..
.Zmediate
$2,883,450
15,865
.
,
.....
All of the 6,292 shares of preferred stock presently outstanding,have •
called/for .redemption, on Jan. 30, 1946 . at $103 per share.
Im-
■.
r;
$10,323,657
$12,941
,
declared
.•
1945—12 Mos.—1944
,
-
' thanI
Commission,
due
Paul
share
$253,243
76,000
511
162," pi 2941.
To Redeem
(Company Only)
1945-r-3 Mos.—1944
.
income. iZi
Personnel
stock.
$50
$1,000
per
share
per
common
1944
S27.580
76,000
261
•
Curtis.
'
$11,932.49
of $3
442,171
451,696
153,228
giving effect to result of security trans¬
interest' on bank indebtedness.
...
6,333
..'•
company's
capitalization will comprise;
312,000 shares (no par) common stock.
•
"
In the underwriting group are Blyth & Co,,-Inc.;"Mellon Securities
Corporation; Clark, Dodge & Co.f Lehman Brothers; Central RepubRo
Company, Inc.; Paul H. Davis & Co., and Paine, Webber, Jackson Ss
40,000
402,000
10,000
r—
income
Wi'thZ this
(cash" in special cash de¬
$1,153,267;
miscellaneous current liabilities,
$7,017;
reserve,
>$155,969;: earned
surplus,'1$28,614,674;
total,
$210,490,110.
share
$238,397
(without
$230,894
derwriters upon
..LIABILITIES—Capital
N.
♦Excess
$223,600
posits)..
11,890
...
debentures.
16,110
$17,866
6,333
fes." accruals,
charges
chased by
•
-
of
ended!.Sept."
to
per
of
share
income..
—
•'-'-♦Over
1,495,583
redemption—including premium and interest
$196,233
Preferred
1,520,826
stock,
$155,044,139;
gold
debentures,
5%
$24,834,000; accounts payable, .$81,290; accrued inter¬
est (including $1,479 for which cash is in
special cash deposits), $209,355;
accrued taxes, $387,369; Power Securities Corp. collateral
trust
/gold bonds called for redemption—including premium (cash in special
common,
$189,999
expenses
on
373,896
Erie RR.--Notes Authorized—
ACCOUNT,
31,795
$61 per share, and 6,000 shares
699,218
1,748,344 «■
1.532.012
12,019,293
provisions of the franchises of Dallas
'lil'lij
./Secretary,
months
$130.86
$10,986.85
$2.35
3,667
$19,540
•
.
)series
the preferred
1944,-r; showed $9,333.34 per $1,000 face .value
preferred share, and $1.44 per share of
Total
Operating
561,205
$2,633,057;. prepayments, $13,181;
•
syndicate
1945
Miscellaneous
19,762
4,858
164,982
373,441
.
; 109; total,. $210,490,110.
pro¬
a
new
equivalent
liquidation
per
$214,784
5,522
:
Hallgarten & Co.t on Dec. 28 offered
6,128 shares of (no par) common stock at $83.50 a share.
,V Included in the offering are 128 unsubscribed shares of
a previous offering to
stockholders of 52,000 shares at
13,826
7,088
173,095
per
dividends
Cash
23,132
36,746
•
INCOME
,
the
that
debentures,
stock.
common
-
■
for
of
8,331,195
14,563,202
3,491
for .Federal ." taxes,,
income i—J—"
change
from
would
May,
that'
bid on
to
portion
"(preference
dividends),
preferred
per
as
assumed
208,873
$191,804
Fanstecl Metallurgical
5,284
'
pense,
sold
assets
preferred
accumulated
$118.80
the
net
value
15,609
$14,199
'
writers headed by
8,503"
than
/shares
Corporation—Quarterly Report—
report
8,322,692
Dallas Railway & Terminal Co. (net).
applicable to respective periods -whether
'Li;
'
& % exp.'S on.
on
been
1945,
8,322,692
/COB;: ,otherAcurrqnt-;assets, $7,935; investment in subsidiary (not
:)solidated)" required^ to be reorganized by order of "Securities and
Its
industrial
property at Hawkins and
Streets, Newark, N. J., consisting of eight acres and a one30,000-square-foot Z building,
to
Doyle
&
Roth,
refrigeration
equipment manufacturers of Long Island City.—V. 162, p. 2816.
The
14,547,337
3,021
L—■
stations;;$2,150;000;
Rome
30,
Net
- 2,089,239
I—
taxesvon
story
Equity
-
income.;
Total-?
cash
corporation
2,086,218
2,086,218
j
^posits, $1,157,905; temporary cash investments—U.
be
Elastic Stop Nut Corp.—Sells Newark Plant—
The
—
on
Cali-, y $161,743,507;^
$33,44j0,000
include:
$22,000,000
contemplated
unsubscribed
345,089
733,743
'} 2,420,752
ASSETS—Invesiment
2515.
a.
interest
••
14,547,337
15,865
B ALANCE
4Vi% preferred; gnd lOOiOOO shares
to present holders of El Paso common
$35 per share1 against the present
$52,840,000.
! ;
■
Amprt., of .debt, discount •;
r
at
about
maturities
White,
162.
the
of
16,603
$14,017
10,136
...
...
Net oper. revenues...
""Retirem't
5,772,665
•'
v.'
81,291
■
f
of
rights
outstanding)
$900,000
an
of
proposed
bonds
"
Income;
Proy.-
for
Plan.
$11,440,000 at par, probably to Insurance companies ;
2^* to i be arranged ' by Chase National
stock
common
(601,594
The
20-veer
2,859,803
:
■■
-
$1,224,803
761,112
116,341
726,131
105,500
178,387
.....
Balance
14,440,446
18,140,883
1,439,762
:/
1945—12 Mos.—1944
$1,278,132
62,476
11,582
67,22$
Non-oper. inc. (net)—.
21,454
380,336
4,762
taxes'/iili—Ziiili. •:
,r EJtpensesj;^Ji^ _^lilLi;\'
Int.-' on dejjentdresji.'Ji', ■ • pother, interest,-.'.iJl/lj^''-
:.i'
bank 'loan,'at
issue
an
,
Commission.
and
$7,500,000
a
subscriptions
$103,867
$107,984
...
14,461,900
' 3,607,271
:
■
2,415,990
{Net Income
borrowing,' representatives
mortgage
18,521,219
Dividends
..Other
•-'-./"•• • •'
Financing—;
Railroad
first
of
Loan
Earnings-
1945—Month—1944
•
revenues
Taxes
'—V.
1
8,317.
-
.
7,096,733
>
common ' stock
Employees'
.••
2,415,990
Fed. taxes-—other
'.•.
fThe company plans to finance its part of the projected' West TexasLos Angeles natural gas pipe line through a series of security? issues
and-bank
Victory
employees'
r—
581,042
102,396
:2—L—L2'.—
under
,
loan
'
12,909,510
subs.—consql.i.i. $2,886,943
Other :• i——...L iiijii
4.762
$37,515^73 $36,881*623.
♦1,252
$4,899,0.95.
.
*'. VTotal
resale; to
Operatlng
Maintenance
7,870,418
From
1.200.000
;
1,423,866 {; 1,626,529
139.355 7
150,966
deplet,—retirements..—.
ci
total,
Operation:".
,
INCOME STATEMENT
"64,928
surplus__L_LL_L_l.__.;:__—__z:.Z^—l_^L
/
on:
ovcrprovision
Period End. Nov. 30-
3,816,733
491,218
?
Period End.
.
reserves.__ii
,
$88,152.
.V
'
.
corp.
subs.—
accordance^ with
Gross
•:
11,900,000
V81.050
.
Contributions in aid of construction.l..—'
Earned^
.
900,000
—I.
deprec,,
$127,360
$649,997
surplus—
•
74,142
Cr357,604
Fall River Gas Works Co.
of
of
■:Zearned,v
3.497,212
11,000.000
1947_
'.l
debtJ—i.l
payable—
for
•<
27,371,410*
26,391,637
LightvCo., and
1,804,782
3,497,212
1957——.
3—
Taxes '•accrued.—.'JJ—ZL_z~3333333333333
Interest
accrued-.-——dji—L—€3'
Deferred credits.^_-_33333333__333333
-Accounts
27,096,608
315,000
O,
Balance. ___JL-_.il—l
25,967
• -
$1,479,700
,1,804.782
stock.l—1——Zi_—_3_
3^. series
payable to
-Miscellaneous
,
2,633,420
145.018
for/Federal taxes
income
L—.lZJLr ':
on
153,037
;
$1,479,700
par).
common
bonds,
_LO
$100)
v
93.797 i'i 209,462
'£1
.
,
requirements
pfd.;.stk.
Common
20,844,806
-
,
niin.
to
Int.,- etc.V'1;deductions^t2>;i
$37,515,373 $36,881,623
—
public—.:
income
'
taxes
■
279,910
•25,967
•
•
•
6,450,153
: 3,052,226
,
>
382,675
--""75,552
expenseiU-^s:-
:
J
Expenses
LIABILITIES—
cum.
—
profits
excess
(secured), $400,202; accounts payable and accrued liabilities, $2,971,203;
saiss taxes payable, $107,347; capital stock
(par value $5), $639,000;
earned
surplus,
$649,997;
deferred
surplus,
representing refundable
portion of excess profits tax,
$131,346;
total, $4,899,095.—V. 160,
p. 1735.
V
'
: ••' -
589,802
.
;
-if-'
Total
7%
603,155
3,146,023
' :
'
Total
■
6,588
debits
'**£''>*'*
'•»'
33,604
v
fromr
&
Other ,-taxes".Ll
863,437
489,376
securities—.J.'...—
••
-
-*31,566
880,969
;
to
:Fed. -taxes-mother
500,000
55; 05 5
.
•••
57,062
Unamortized
406,961
$53,218
BALANCE SHEET, JUNE 30, 1945
•
hand, and in bank, $488,994;. accounts receivable,
for income and excess profits taxes, $57,574;
employees'. Victory
Loan
subscriptions,
$380,284; inventories (after
deducting
$3,476,505
billed
on
uncompleted
contracts), $1,688,340;
investment in subsidiary company (Faircraft Industries Ltd.)—at cost,
'! $50,000; investment (Canadian Associated Aircraft Ltd.), $1; refund¬
able pdrtion of excess profits tax, $131,346; fixed assets (after reserve
for-depreciation of $523,218), $245,499; unexpired insurance, taxes, etc.,
26,781,608
1,896,406
income
Other
964,990
—
.11—1
Prepayments
Other
25.788,482
••
V Electric Pr. & Lt.,Corp.;
Net; equity . (as above). ••
1,242,126
'■•
.....
_
of
tax
$47,961;
.141,627
764,873
—
Z_—I2II
supplies.Z~-:• 7 ■
and
6,416,549
5,042,429
t consolidated
-1944
131.668
notes—Tax
receivable
Materials
26,133,482
345,000
1.
public, .etc.,
;V Net: equity
•
S.
86,250
4,978,918
63,511
income
divs.vto
tPfd.
$33,746,565 $32,412,981
....
Accounts receivable
-
SEPT.
1945
V
1;
Notes
6,502,799
86,250-
•
interests.
$2,237,282
equip;.——
'
Special
19,603,499
—
.....
and
years
ASSETS—Cash
1,297,000
5,065,168
.
(net)
Portion. applic.
103,579
f'A'-y::.,.'V
properties, pipe lines
physical property..
Other " Investments
Cash
1,729,322
4,973,282
plants'
of
4-i .Total
$2,340,861.
.
$87,985
$86,862
ASSETS—' :
Plant,
Other
•
Cr543,334
1,237,000
4,518,011
franchise reserve
in
,
7,817,793
19,740,706
11,732,142
surplus—
Income
for
prior
$1,803,096;
*
1,140,945
65,331
'•
$96,6)7, $2,072,982
8,631
surplus
•COMPARATIVE
398,254
$165,032
127,360
taxes
.—
earned
-
\
appro-
revenues—
lease
♦Transfers
-
Pfd;
profits
excess
67,191
$3,664,998 * $4,121,245
34,427
96.423
profits Rax—...
income..
Net
,
and
LIABILITIES—Bank
deductions
$4,054,053
'
"
$249,245
92,942
—
surtax.—
6,660
c——-
—
income
earned
in
profits
•
cleprec...
&
income
Gross
153,618
$3,825,064
Dr25,270
"
and
2,085,441
8,716,347
3,438,981
24,452,457
2,910,041 ' 12,180,895
.
Operating, income
Other
381,894
352,438
$245,870
income
Normal
for
Ltd
Aircraft,
♦Including $104,075 pertaining to prior years,
-(Including refundable
of excess profits tax of $55,464 in 1945 and $75,184 in 1944
transferred -to deferred surplus.Unci. refundable portion of excess
devel-
income...—..'.
$460,180
8,757
portion
33,400,571 141,638,201 137,015,338
12,193,027 1 49,359,533
48,486,283
_Z—_
—
'•■Balance
Total
taxes
'
lax.'
——_
Net: open,
:•
®
y Gross
:
profit
Previous
$
( ;; -\ '
years'
of
res.
priations
.
Fed.
Income...———
$453,519
$563,287
etc.
assets
—
40verprovision
'-'.j-
$
_—
lieu
retirem't' and
Net-int-.
.Other
33,044,165
-12,484 749
.—,
3,033,223
depletion
Rent
Balance
...
$563,287
Int.,
legal fees,
fixed
,
142,542
1,396,852
retirements
Taxes,
Net
1945—12 Mos.—1944
...
$
2,042,289
prior
of
Property
prov.
—
of
year
Associated
fProvision
(& Subs.)—Earnings—
$■
I—5,900,725
taxes
income
on
<
•
for
income
Total
:i
2145.
p.
1945—3 Mos.—1944
taxes
Adjust,
*„;• 303,804
,u
deplet.
Total
Foundry—
Co,, Inc., below.—V. .162,
Maintenance
Federal
profit
nadian
1,739,017
31;510
Operation
Maintenance
Porter
revenues'
Operating
1945—12 Mos.—1944
$572,849
1944
♦$604,819
Dividend from investment (non-recurring)—Ca¬
.
Operation
surplus,
$614,330
revenues....
re-
$33,461;
-
■3
(& Subs.)—Earnings—
1945—Month—1944
Corp.
Subsidiaries;
Federal
Sept. 30—
salaries,
depreciation
for Fed¬
reserve
unrealized
on
K.
Charges
(Del.)
$17,500;
Gold debentures issued by American,
due Feb. 1, 1953 (assumed), $2,100,000;
Electric Power &!Light Corp.
$1,685,725.
El Paso Natural Gas Co.
1945
$650,913
78,590
9,036
operations
-
contingencies
; Period End. Sept. 30—
payable
$500,000;
purchased—not
securities
.
(banks),
$30,000;
accounts
payable1
(trade), $99,731; accounts payable (employees), $573; customer credit
balance, 81,629;' employees' withholding tax, $10,793; employees' bond
deductions,' 83,135;
due
United
Steel
Workers
of
America,
8611;'
accrued
liabilities, 896,547; ' mortgage installments, vpayable monthly,',
$24,999; other liabilities, 8249,475; reserve for renegotiation, $260,000;
capital
H.
See
,
LIABILITIES—Notes
for
outstanding,
Electric Auto-Lite Co.—Buys
receiv¬
lifey
of
•
for
Net
5%
$155,000;
Continental
taxes
,
.
insurance,
other
come
$51,094
banks,
$253,704;
from
Executive officers'
Prov.
(including $967,000 applicable to Federal in¬
appreciation of Reco, Inc. and General
Mar&et {securities), $9y2,701; capital stock, $654,561;
surplus, $8,350,.615; unrealized appreciation, $13,953,060; total, $26,290,753.—V.
162,
p. 2270.
' •
.
"
/ ;
income taxesl.____....
$88,594
Provision for-Pederal and State income
taxes^_u^^._L.—_37,500;;
profit before
Net profit
debentures
on
taxes,
for
reserve
Net
interest
income
payable
accounts payable, accrued expenses and taxes,
ceiyed, $33,854;
-
accrued
Other
Profit1
'
719,066
Selling, .administrative,
Report—
Years Ended June 30—
sold—not
'
'43,950'
'
..I...j_j_"
securities
for
delivered, $26,745; accounts and dividends
■.receivable and.interest accrued, $11,679; General Market Securities,
at market quotations, $2,726,098;: investments in securities of . subsidi¬
ary companies,
at net underlying asset amounts, $22,238,023; total,
$26,290,753.
.
'
products.
;
...
Cost
Fairchild Aircraft Ltd.—Annual
i
.
■
laboratory
STATEMENT
Returns
.f
.
.
^comjjghy ;Is'•
metallurgical
Sales
3191
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4451
'
,
.,.15
x-,
....
"aif
u
1 a
(
THE COMMERCIAL & FINANCIAL
3192
incorporation of the corporation,
amounting
M™®-
amended,, is not limited as to
as
of
is registered under the Investment Company Act of I9*u
diversified, management investment company of the closed-ena
type,
having changed its. status from a non-diversified ^vestI^er|^
company to
a
diversified investment company in June, 1942, and
s
subject to the regulatory and other provisions of such Act appnca
Corporation
as
a
to
companies
of
this
Preferred stock, no par value——$6 cum. .conv. pfd. stock
(optional
stock
dividend
value
*25
Common
":The
series),
'
of
amount
is
*3.25
dividends
in
arrears
_1
7,366,546
70,401,508
84,561,965
2,248,524
5,046,258
42,846,745
53,356,007
505,929
292,439
3,151,846
4,179,797
1,359,198
2,027,849
122,966
24,402,917
27,026,161
1,294,453
53,475
1,199,576
8,070
1.454,297
2.142,745
25,643,895
28,169,780
1.010,356
1,064,298
11,204.113
11,786,370
443,941
1,078,447
14,439.782
16,383,410
bank
81,168
80,942
$679,948
$642,909
sales
of
$580,911
agement
1945,
to
sales
of
of
taxes
on
other
.of
.72%
.64%
railway
a
it
Interest
will
and
debentures
Union
jLoss.
securities,
of
SEqual to
$2,650,000
of $79,500
3%
of
be
approximately
underwriters
from
annum.
named
the
opposite
and
Corp.
$1,350,000
tion.
17.55%
Corporation
Continental
due
Union
ties
of
of
Selected
of
Wash.,
Coach
■
have
Industries
the
and
Corp.
voting
and
Commerce
which
of
the
owns
$43,600
—_
the
of
corpora¬
voting "securi¬
remaining 50%
of
is
etc.,
Net
Div."
tions
of
board
(
No
,
under
$2,274,699
to
$8,507,280
them
3,638.584
to'
3073.
Detrola
Co.
$4,86R.6«5... .$5,137.4*8
2,676,064
2,676,064
223.005
$234,968
snlit
the
and
manufactures
156,
above
expand
and'
all
p.-1502.
tools,
at
the
shares
of
Tactions of shares
i,«
<
^946,
in
ay
'
,
and
'
it
special
and
partitions
meeting
held
stock
common
three
shares
of
will
and
The
:
($10
;
par)
shares
stock
will be
issued.
with
a
to
•
of
the
desirable,
fn
162,
Central
26
bearer
will
stockholders
and
be
duties
,
les
e
»
entitled
issued
to
receive
a
bearer
before
or
,
1,
be
contracts
for
the
Assistant-Vice
for
of
equipment
American
revealed
the
of
foreign
January, would be
has
been
Operating
Cey on
have
outlets
Inc. —V.
Australia,
and
beei
area
(The)
and
Africa
Frazer
Robinson's
Dec.
owned
and
the
while
as
closed
said
I
27.
Apparel.
The
subsidiary
throughout
the
Inc.
Inc.,
of
Russell
The:
•>
Harry
D.
Mexico;
Middle
all
the
Among
closed
nearing
other
p.
will
be
in
for
aggregate
for
Hymen
P.
chain,
Grayson's,
West
at
Calif.)—Further
all
which
a
of
the
capital
President
w'll
operate
composes
sales
general
Building,
additional
for
space
development
staHs.
the
These
patent
announced
rights
to
its
and for
special
continuous
work
process
in
:n
Great
Industrial
process.
with
the
will
erection
method
of
render
and
service
for
a
operation of plants
rayon production
viscose
3074.
p.
Frank
R.
sales;
L.
Meyer, Jr.; Vice-President in charge
S. Marsh, lormerly Manager of the
Metallurgy in the Chicago office; and
and
.
Detrola
Corp.,
President, on Dec. 13 announced the
manufacturing interests of this corporation to
Madison, Wis.
The price was not disclosed.:
transfer
Rollins
&
.
shares
value
Inc.;
Sons,
Weil
-•'
,•
-
.
the
of
and
ago,
Detrola
superfinishers
-,to
addition
Home
'
.
—'..vf
withdraws
principal
of
products
sale
:
of
Gisholt
Fastermatic
1940
to
a
$24,000,000
.
division
on
automobile
radio
in
1942
at
the
Ji..-
.v
,
contract
continue
will
;
%
*•
-
«
Ohio,
automatic
Illinois, !• Tennessee
aiid
California.
Foreign
manufacturing
subsidiaries are In Montreal, Que., Brantford, Ont:, .and
Aires, Argentina,, and a general export headquarters has been
established in New York.
Detrola also owns the Rohr Aircraft; Corp.,
^
affiliates-or
Buenos
*
Chula
Vista,
backlog of
•
-
Calif.,
civilian
which is reported to be working against
aircraft" sub-assemblies.—V. 162, p. 2149.
large
a
,
Chemical Corp.
&
—
Acquires
,
New
Phosphate Mining Property-
10 for .the purchase by this
corporation of a phosphate rock deposit neqr Bartow, F)a,,(. which,
it
plans' to" develop Iiitd Ihe 'largest phosphate "mining operation "in
the United States, according to a statement by Louis Ware, President.
Negotiations
.
.:
completed
were
on
Dec.
The'property is being purchased from an organization known as
H. Stuart, Trustee, of Bartow, Fla., and approximately 2,000 acres,
Co.—Earnings—
land
domestic
$666,676
439,598
32,399
413,303
30,258
Far
9,826
117,391
113,076
to
$9,206
$9,215
$113,870
$110,038
693
1,039
9,820
$9,899
$10,255
$123,690
2,916
2,916
35,000
,
accruals-
45
566
$88,124
'
,
.
.'
,
Stores Corp.—To Retire 5JA%
Pfd.
dividends.
Holders
Trust
be
may
redemption on Jan. 21, next, all of
preferred stock at $106 per share
obtain immediate payment at the Manu¬
Co., New York,
& Manhattan
N.
Y.—V.
162,
2942."
p.
Period End. Nov. 30—
Gross
Oper.
oper.
exps.
'
$760,723
$799,453
$8,509,353
taxes—
575,035
583,613
6,545,904
a
by
Operating
income—.-,-
$185,608
$215,840
$1,963,449
$2,117,097
8,116
8,612
96,631
99,956
$193,804
$224,452
$2,060,080
$2,217,053
0 Non-operating
income-
162,
income
"Income
Int.
136,039
133,255
1,467,508
5%
95,756
97,317
1,058,972
1,098,817
.*;
$37,990
$6,119
$466,400
$362,224
chargesbonds
at
'
in¬
and
distributed
manufacturing
to
out.ets.
2818.
p.
of
the
in
Co. of Canada, Ltd.—1945 Reviewed—
Canadian
nickel
to
all
markets
in
1945
will
be
ap¬
the first half of
spring,
and by a
the
year,
sharp
reaching a
in nickel
drop
1,350
high of
demand
since
caused by the sudden cutbacks in military requirements.
to V-E Day practically all nickel went into war uses of the
Nations.
Controls on the use of nickel and nickel alloys were
August,
1,480,462
adjustment
on
come
•_
Bartow to Mulberry, Fla., present center of
mining activities in Florida, where it will
stored
dried,
during
labor
men
Gross
from
rail
corporation's phosphate
graded,
proximately 25%
under the peak levels attained during the war
years, but will be in excess of all but one peacetime year," Robert C.
Stanley, Chairman and President, stated on Dec. 19.
"In recent
months," he
continued,
"deliveries declined substantially from the
corresponding period of 1944.
"Production was reduced at our Canadian plants by a shortage of
$8,470,037
6,352,939
revenue
and
about
markets.
Inter. Nickel
'
1945—11 Mos.—1944
1945—Month—1944
Inter¬
countries.
shipped
—V.
Earnings—
RR.—November
increase
by
the
Sto^k—
has called for
shares of 5V4%
corporation
will
operation, the project being highly mechanized and designed for highest
efficiency and lowest cost production.
When this development is placed in operation, phosphate rock will
56,511
68,796
2642.
acquisition
Franklin Farley, Vice-President in charge of its phosphate
who said that it is planned to design immediately and con¬
phosphate mine operation that will have a life of more
than
25
years
and which is expected to yield the greatest annual
tonnage
of
high-grade phosphate
rock ever mined from a single
$82,662
declared
p.
shipped
Eastern
foreign
struct
523
$7,293
This
deal.
division,
35,000
47
the
one
million tons each year to European and
During the war little phosphate was available
Therefore, their soils have become depleted and
are
in
urgent need of this material.
"Demand for phosphate for
export-is expected to continue high for many years," Mr. Ware said.
Purchase of this property was negotiated on behalf of the corpora¬
8,148
$6,935
in
of phosphates to
meet the growing demahd for
export needs, according-to Mr. Ware.
ocean
shipping was stopped by the war, Florida phosphate
output
and
Before
mines
$118,186
*
Involved
are
national's
1945—12 Mos.—1944
$703,261
$57,503
Ex¬
volume
17
stock
"Exclusive
of
interest
on
adj.
income bonds.-—V.
162,
p.
2643.
,
announced
as
a
reta;l
for.
this
(The) Hub, Henry C. Lytton & Co.—Dividend No. 2—
of
wholly
stores
year
The
on
directors
the
record
on
Oct,
common
Jan.
15,
15,
on
Dec.
stock,
1946.
last.—V.
24
par
declared
$1.
An. initial
a
dividend
payable
Jan.
distribution
162, p. 2943.
of
of
20
cents
per
share
30. 1846 to hotders of
like amount-was made
*
record changers,
refrigerating and. air conditioning units, domestic refrigerators, radio
parts and .cabinets, cedar chests, and sewing cabinets are some of
the. products of International- Detrola plants In Michigan,
Indiana;
i,
of
1945—Month—1944
'
ma¬
which occupies-separate
.
receivers,
—
making turret
business it.' ex- '
retaining the Elkhart facilities to do
assembly, Mr. Feldman said, Deirola also
and
*
v
*
from
of
to
its ; commercial' welding
the Elkhart site.
operate
structures
,
Co.;
&
manufacturing
thus
Corp.
as
panded from sales of $5,000,000 in
height, of the war-tooling period.
•
Detroit, Mich.—Sale—
sold; two. months
was
Issued,'
Outstanding
the old.
par
that
export
Inspection
"Up
United
removed
the
by
Canadian
and
United
States
Governments
in
late
and since then consumers have again been frtee to purchase
requirements.
'v
"In the six years beginning in Sept., 1939, the company produced
and
delivered
to
the United Nations about 1,500,000.000 pounds of
August
Kuchai,
present
with
cash
of
International Minerals
H.
(net)___
2018.
(of
provide
has
company
Ib2,
includes
"Deliveries
conclusion
production
its
Commerce
lathes
; lathes
.
.
____^
Hudson
Belgium and
early
to
revolutionary
./' The International
^
of
Sweden
in
Union
and
superfinishing machines, Mr. Feldman said, but
equipment, lands and buildings of Detrola's Elkhart, Ind.,
plant,* which are. to be prepared at, once for machining and assembly
work under sub-contracts.,
:
"•
r
;
Detrola's
Indianapolis
plant,
which, manufactured -"turret'-lathes,
<•
of $300,uoo
stock dividend and transfer of $1,7*40,000
charges
facturers
India-Burma-
East.
been
660
Feldmann,
tool
sale
turret
stock¬
of
accounts
revenues___
outstanding
and
Dodge
count-ies
at
excludes the
their
nickel
acqu'red
Rob'nson
Middle
exchange
an
162, p. 2818.
income
The
its
.
162,
and
of
Machine-bo.,
the
'--.r-j.;
financing.
2.245
Howard
expectation,
Frazer
in
negotiations
aut.omobi'c
Shops
has
in
E.
•
corporation
the
new
$55,199
33,911
Deficit
Grayson
pansion—
for
2,290
res.
162,
many
will be dis^
the automobiles.
This
the
Rototiller,
a
new
distributorships have
Portugal,
six-pa^enger
,-
.
37,298
inc.
Dividends
and
—V.
for
equipment
end
now
February, Mr, Frazer said.—V.
This
Mr.
Pr0gre®S l0r natlons including Canada, China,
The
on
and
Iceland,
Norway
Net
be unveiled to the Americ«n
through the Graham-Paige
farm
tractor
Caribbean
foreign markets,
Hawaii,
in
Frazer
distributorships
area;
leading
the
the
Co.;
revenues
oper.
Interest
foreign
tillage implement which, he
declared, has created considerate
foreign agriculturists.
^
America,
a
—
Retirem't
among
Foreign
South
includes
;
"8,708
Net
is President.
overseas
interest
beyond
Corp., foreign sales subsidiary of which
foreign sales executive,
low-cost
far
cars,"
marketed abroad
Jrazer sai(Lthat Graham-Paige
through the same
equipment
with
its
from
Period End. Nov. 30—
Non-oper.
the
automobile
closed
S.
Macomb, Manager of Sales engineering railroad sales division,
1946.—V. 162, p. 2943,
..
; machine
be
franchises
.mi
veteran
been
this
announced
N.
C.
left
exctess
capital-stock from 30,000
shares ■. ($4 par) common, and
common
Taxes
Joseph
that
13
Frazer
have
We1Jai\tlclI)ate a large market for both
that the new Praz®r- *'hich will
iblic in
.international
No
participating in the offering include A. C. Allvn & Co.,
Operation
direc¬
territories.
overseas
Demand Tor
,
automobiles,
Dec.
on
new
abroad
«
]
proceeds
left
are
"
Presidents
offices from
retiring - Jan. i,
tion
distribution
farm
j,.,.
is
changed
Maintenance
stock
empowered
also
D.
George
Assistant
and
"
mechanical
in connection
this
International
dividends
on
policy
contracts.
one-
will
order
rights
uunzeci.—V.
plate
De
are
.
declared
for
proceeds
represent
Haverhill Gas Light
scrip
Feb.
certificate
common
succeed
years.
W.
for
-
on
sale
increased
Republic
Co.,
in
sale
of
of
use
vears
be
is
at
for
issued
new
&
to
for 20
Secretary
its executive
quarters
and
the
the
where
tin
J.
for
estimated
2818.
p.
Chairman
company s
rge
is
4
Nicolaus
from their number whenever
they voted to add a new section
of
*ar®e foreign demand
and
President,
•
i
1946
the
in
the
approved by
amount
available
rate
rate
the
,u.
„
■
in-
to
certificates
No.
scrip
of
:
s
v
approved
Treasurer,
company
Treasurer
Continental
Department
of
Co..
the
Assistant
Assistant
as
Assistant
substantially augmented to handle the planning of
which
of
tne
to
of
opera¬
was
in
interest
The;
will
company
company's
California; William R. Staats Co.; First California
Co., Inc.; Fairman & Co.; Sills, Minton & Co., Inc.; Irving J. Rice
& Co.; Gross, Van Court &.Co..; Pitman
Co.', Inc.; Dewar, Robertson
&
Pancoast,
Boettcher
&
Co.;
Scherck,
Richter,
Co.,
and
Stifel,
.
common.
share
one
addition,
by-laws defining the
Frazer
this
...
guaranteed
to-510,000
new
elected
serving
named
.
1939
in
and
countries.
abroad
capital surplus "to capital.
Underwriters
Graham-Paige Motors Corp.—Foreign Sales Outlook—
.
The
dividends
where
$2,040,000 by payment of
:from
linings,
to 870,000 from 580,000:
stock
Stockholders
milar
s
for
Dec.
on
The
was
2943.
p.
Britain, its Dominions and coun¬
Europe by Courtaulds, Ltd., of London, England,
recently reported and was the first step in the program of broad¬
was
is.
been
acquisition
ening
Service Co., Inc.—Common Stock Offered
common
75,000
Balance
\
is
except
recently
company
icapital
transfer
wall
three-for-two
new
presently outstanding
meeting,
corporation.—V.
J
meeting.
the
on
;
machines
Co.-^-Stock.Split-Up Ratified—a
certificate
a
special
deem
the
of
the
year,
interest.
holders and does not
tors to elect one or more V ce-r"^airmen
'
this
as
possiblf.^i
as
underwriters.
v
Pacific
present
combination
the
be
plant
period of
without right of withdrawal under an option guaranteeing
such cases the interest • credited for the calendar year . 1946
2 Vz % ...-including the guaranteed
2%,.—V. 162, p. 1170.^
Gulf Public
manufacturing operations there.
steel
erects
re of new comm°n in the split-up will be
te- Thls>
presented to the corporation
exchanged for
At
scale
based on
.7
made
at
apply
of
last
,
settlements
will
In
Inc.;
proposal,
two
dies
company,
cr®fs® tI,e total authorized number of shares
Under the
each
its
at
be
transfer
Inland Steel Co.—Officials Retire—
dividend
action,
months
.
-
stockholders
to
s
to
;—Public-offering of 312,500 shares of common stock
(par $4) was made at $11 a share Dec. 28 by A. C. Allyn
& Co., Inc., and Rauscher, Pierce & Co.,
Inc., and other
*2,*61,384
$2,192,631
Wis.—Expansion—-
below—V.
purchased
of
Cleveland, Ohio,
(W. R.) Grace &
plan
7
made
was
engineering
chining, and
$457,973
Corp.
has
division
158, p. 2252.
The
a
1946
This
policyholders
will
162,
,
appointed
Ohio.
have
of
In
-
partition
Hauserman
—V.
the
.
accumulate
been
Secretary
has been
after
been
downtown
new
result
a
The
3,644,250
$393,352
223,005
'
Hauserman
to
elected
has
V.
corporation
this
Assistant
years,
has
move
new
tries
Leonard
and
been
$8,781,699
299,954
;
F.
have
Inc.,
NOTE—-For mechanical reason* it is not always
possible*-to arrange companies in exact alphabetical
order.
However, they are always as near alphabetical-
Globe-Wernicke Co., Cincinnati—Sells Partition Div.—
the
early in the spring.
Greyhound lines,
Brooklyn. Dodgers,
Co.,
also
,
nine
position
International
E.
the
York
New
See
joined
beep
retired
II.
to
foreign
Central
'
of
corporation has transferred
This
at
162, p, 3073.
who
has
three
who
company's
1945—12 Mos.—1944
;
of
of
Butterick
1945.
optional
interest
will
$757,928
Gisholt Machine Co., Madison,
See
lines—V.
terminal,
Miller,
and
Cleveland,
a
(Ohio)
will start
include
taxes.—
building at the Cleveland plant at West 98th Street and Walford
Avenue
company
339,747
stock
p.
the
that
directors
change
left
1944
$733,100
______
deductions
162,
of
first
the
of
,
Balance':———$170,346
—V.
terminal
President
for
as
distribution
$4477,981 $49,623,973 $49,213,201
2.343 847
24,341,029
22,653,138
j. ,483,500.$^; 468467.-,,, 5,896,665 >. 5,817,835
893,354
608.037
10,878,998
11.960,528
.
taxes—__
pfd.
Cleveland
new
directors.
stme
for
1945
1945—Month—1944
income
on
the
use
announced
the
be
$2,073,542
$43,700
the
authorized
7;•■•••'" '7 77'
7
a
Construction
profits
excess
Transfers Executive Offices—
The
office
It
It
-
the
%
to
President
2,115,157
amortiz._^^
for
income
Gross
Int.,
7-.7,':r
12
Co.
stock.
common
C.
Mi'ler
divisions
build
and
income
Treasurer.
$4,225,111
expenses
&
C.
miles
21
the
last
Mallory,
To Continue Dividend Scale—
....
revenue
Depiec.
and
■
Dec.
on
Federal
•<
Guaranty Trust
for
the
for
the outstanding capital stock of the
PennYoungstown, Ohio, for $1,350,000 and the out-,
of the Valley Public Service Co., of Columbus,
of
stock
Rickey/
board
Jan. 1 to Dec. 14
1944
3073.
Period End. Nov. 30—
Provision
main transcontinental line
Commission
for
3074.
William
will augment a fleet
that electrified portion,
-'
:
providing
Controller
They
operating on
^
Industrial Rayon Corp.—New Treasurer—
mountains between
Cascade
the
Wash.
55,957
Illinois Terminal R.ll.—Transfer Agent—
agent
purchase
carriers
Tingle,
Georgia, Power Co.—Earnings-
Operating
line in
now
the
Pennsylvania Greyhound
,2%.
Gross
main
charges
p.
The
delivery
for
company
21.
be
Skykomish,
,
for
income
162,
Selected
and
securities
of
Tri50%
of
the
voting
owns
and'25.33%
1945
-
revenues
this
by
6,943
available
.
"After
.
Guardian Life Insurance Co. of America—New Directors
$650,000
;
securities
the
Corp.
Week Ended Dec. 14
p.
shares
common
largest of their kind ever
the
be
Dec.
102,042
___
charges
"Net
each 101 feet long and developing 5,000 horse¬
largest
single-cab
electric locomotives.
corporation plans to
Branch
56.59%
owns
voting
of
Inc.,
Period—
162,
will
ordered
on
■
Locomotives—
Giant
severally
Georgia & Florida RR.—Operating Revenues—
Operating
common
world's
miles of
73
capital
$2,425,000.
—V.
been
overall cost of $1,000,000.
the
Tri-Continental
Securities
....
shares of
720,000 pounds and cost $500,000 each.
by the General Electric Co
under Great North¬
the locomotives will be used on the electrified seg¬
Interstate
Major
voting securities of Union Securities Corp.—V. 162, p. 3073.
,
Fixed
sales.
of
inc:__
oper.
deductions
fixed
corresponding
the
ry.
Income
as
1*
Dec.
„
below
Lehman Brothers
Corp.
2.02%
owns
Corp.
securities
of
ahead
in
(net Dr)_
income
Misc.
the
of
months
two
purchase, 31,045
Plans New Terminal—
650,000
owns
first
ry.
$2,129,722
$1,726,023
built
Lines,
.44%
principal amounts of 3%
respective names:
their
Corp.
Inc.
to
Other
1944
:
fr.
rev.
Net
Ohio, for $413,000.-
the
corporation
Securities
Industries
running
shrinkage
which
have
the
to
tlncluding
debentures,
per
OWNERSHIP—Tri-Continental
the
sales
on
First Boston
The
$$461,869 $$2,091,913
$138,527'
an
the
rate
forth
set
the
for
Ry.—Orders
of Great Northern,'s
The
on
purchase
to
loss
taxes.
UNDERWRITERS—The
agreed
been
the
drive wheels will
on
standing
i
$627,436
income
at the
taxes
S
as
board
the
President.
as
sidings.—V. 162, p. 2818.
basis.
charges
1960, will be
directors
of
Chairman
as
1945
announced
was
corporation
on
profit
than
annual
an
Kuchai
warrants
Northern
1946,
The
%'
.53
8.32%
securities—
"Exclusive
Texas,
Paso,
Greyhound Corp.—Acquisitions Authorized—
assets—
profit
El
and
officers
same
serving
._
after
despite
Ohio
realized
Net
the
exercised,
bringing the number
481,045 shares.—V. 162, p. 2642.
which includes
to
expenses
total
have
Mr.
have
year
8,
in
one
10.02%
10.66%
Ratio of oper. and man¬
average
1946,
Net
rents
Kirschner
of smaller electric locomotives
$627,736
11.18%-
11.03 %
income—
will
and
specifications,
ment
of operating and
management exps. to
invest.
of
been
Designed
4,563
3,203
$621,142
months
other
will be
will be
ago, ■
stores
new
City.
electric locomotives
Weight
Ratio
total
chain
period,
Dec.
for
in
power,
97
5,265
$434,689
Lake
Walter
before
had
Two
ern
income
six
large
Grayson's—
fiscal
of
built
applicable
invest,
Salt
with
Wenatchee,
Net
in
first
time
some
Two
•$-■•'
-
-
in -territory
Grayson's
of
announced
as
Robinson's.
both organizations and
Month of November—
late
65,794
58,794
52,999
1,638
of
The giant power
units,
539
income
the
expansion
Coast,
name
Robinson
stock
*698,190
39,749
another
As
77,774
loans'
during
previous
1942
$775,965
interest
that
Pacific
the
V.
1943
$723,852
$535,070
stated
the
Great
1944
$761,117
—.
investment
to
4,113,651
*•
58,993
inc.-
Balance
on
opers.
Railway tax accruals—
Equip, and joint facility
Kucnai
on
outstanding
r——Years Ended Dec. 31
$476,077
investment
taxes
151,621,128 153,312,723
Earnings
tOper. and management
Interest
14,012,675
current
STATEMENT
INCOME
OF
Sept. 30,'45
Income
12,988,926
preferred
outstanding
the
on
$294,938.
9 Mos. End.
Miscellaneous
expenses
of
aggregating
share,
per
SUMMARY
expenses
oper.
Net
shares),
"Total
Railway
Grayson's,
tThere were reserved
for issuance a total of 306,735 shares of common stock,
as follows:
226,875 shares for the conversion of preferred stock and 79,860 shares
for dividends on preferred stock (maximum annual requirement, > 15,972
stock
1945—11 Mos.—1944
1945—Month—1944
$
Omaha.
and
11,602,440.721 shs.
2,000,000 shs.
RR.—Earnings of System—
222,022.636 237,874,688
opened
stated
$1)
(par
Illinois Central
Period End. Nov. 30—
21.379,221
share———
per
stock
number
17,102,577
The
'
the
45
revenues
Mr.
100,000 shs,
;
to
brings
in
oper.
made' under
Outstanding
Authorized
Title of Issue
stores
Railway,
than
FINANCING
PRESENT
TO
two
and
type.
EFFECT
has
Monday, December 31, 1945
Chicago and others in Freeport, Rockford
and
Springfield, 111.;
Buffalo, Baltimore,
Akron,
Youngstown,
Minneapolis, • St.
Paul,
Flint,
Saginaw,
Duluth,
Davenport,' Lincoln
•
CAPITALIZATION,, GIVING
to $5,300,000.
The acquisition
operated by Grayson's.
stores
Robinson's
CHRONICLE
years
nickel
full
in
ail
forms.
Its
capacity
was
materially
in
increased
these
through expenditure of its own funds. The rate of our refined
production during the war years was about 50% greater than in
pre-war
years.
"Present, enlarged
320,000.000
pounds
.
nickel
rapacity
annually.
The
of
producers is
annual pre-war
Canadian
largest
nearly
nickel
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4451
162
approximately 240,000,000 pounds in
that Canada's nickel capacity is
greater than the world's peacetime requirements.
"The
war's end brought the nickel industry
many of the same
unsettled conditions that now confront other larae industries.
While
the industry does not itself have the problems of reconversion; it must
this
From
await
its
of
*
It has no extensive plant
period from war to peace.
The
States.
United
the
ment
New
the
been
has
continued
States
Approximately
nickel
delivered
this
any
prior
1939.
This was done in addition to
States and British nickel requirements
United
increased
wartime
;
in
»
schedules.
;
...
;
The
of
Canadian
made
for
120
Co.i
in
of
W.
requirements
$216,335
to
the
plus ac¬
Broadway,
a
last
six
the
preferred,
compared
loan
X'
'
the
at
;
r
with
$82,500
X'XVx x X
have
planned
for
'
United
1946,
States
and
3%%
has
bonds
negotiated
directors
no
20
cents
brings
43.2
the
;
Net
v-
almost
1945
Net
from
interest
value
of
the
held
by
of, the
board,
before
plating.
FOR
dividend
Earl
to
of
as
income,
portfolio
according
$78,008,446
40,000
THREE
taxes
Dec.
nickel
refined
of
ENDED
Subsidiary Dies—
Edgar
Colonel
.7''::7'77'77
Director
Delegate
Deputy
Pam,
cancelled
the Mond - NickeV-
of
British subsidiary, died in London on Dec. 20, at the age
of 03, after several months illness.—V. 162, p. 2818.
7x.xX7
'}■}*
Co., Ltd.,
between
a
has
been
International
Co.—Settlement Agreement Ap-
Paper
taxes—
31,
/proved-— 7: V .•
The compromise agreement
is
v.".'—
Brickley, trustee
between Bartholomew A
vendors'
International
the
26
Dec.
Judge
by
Francis
'
;
/
$629,924 X
:">7■"nrr
Months Ended Sept. 30—XXlXXXx'X
sales less returns and allowances—
i';;--
;
-
S6.049.338
______+—
$8,784,286
•Div.,
XX* not
tfediotelephi>ne operat.
and
Teieonone
Int. and'manag. and serv. fees from
,2,195.544
717,383
3.
profits
taxes
Prov.
for
assets
(incl.
deprec.
for
and
of
XI
......
foreign
on
1940,
of
5.603,716
has
South
the
of
use
and
products:
new
N„ J.f
Orange,
elected
been
in
these
reduces
the
and
T.
K.
of
Mial
Net
prior
has
J.,
total
washing
in
1937.
Mr.
duties
he
in
was
Johnson.—V.
&
Vice-President
charge
162,
the
of
Industrial
of
filter
$11,017,708 $14,771,120
61,215
5,863
.
X
Joseph
$11,078,923 $14,776,983
.___J___XJ___.-X.J__'" 3,036,216
3.130,337
company.——_
2,957,603
3,331.248
Mr.
the
Frazer,
manufacture
automobiles.
Frazer
being
now
President,
W.
will
company
next
on
.
«
17,
;
before
income
special
■fSpecial charge
Net
1
»
income
$5,085,104
charge.
—;
of
2.572,000
....J.—JX.-
$339,276
$8,315,398
..1.
.....
Exclusive
and
$1,318,279.
$5,743,398
$5,085,104
respectively,
not
received in
presently available in currencies transferable into U. S.
dollars, t Equivalent. to estimated reduction of U. S. ' Federal income
taxes of certain subsidiaries-as a result of deductions carried forward
•Lr, S, dollars
by
-
war losses claimed
in prior years. X"..-.
"STATEMENT OF INCOME
9 Months Ended
Income
first
the
made for
60
days.
and
int.
not
subs,
reed,
U.
—
or
;
series
a
of
Kaiser-Frazer
huge
S.
cl«Uar«
avail, in currencies trans, into U.
income
Current
avail,
Interest
in cur.
dollars..
U.
dollars
S.
trans, inio U. S. doll^rs...^.
X
To Hire
The
1.318,279
1,500
Frazer,
this
auto
gross
Corp.
of
their
law.
Such
and
$3,475,728
$5,121,408
Dec.
(inc.
fees)
management
for
U.
S.
Fed.
inc.
223,231
$5,344,639
cxp.
approximately
the
Net
foreign
income
interest
div..
tion
provision
(no
and
exc.
interest
prof,
.
>
Net
will shortly
expects. that
company
and
Willow
Run's
we
operation.
of
expand
can
These
lines,
schedules
our
however,
without
changes."
Kaiser
cities
as
7fX
•'
so
Plans
Frazer
cars,
will
beginning
to
221,576
261,626
in
an
be
all-purpose
unveiled
to
tPtofit.—V. 162, p. 2944.
—:
.
of
22
_______
Coast
West
by
1,731
$3,777,429
Dr4,669
he
$2,393,801
$3,772,760
and
American
.
the
3,089,914
241,334
$563,802
$$441,512
to
per
and
Coast
Josebh
manufacturing
W.
the
selection
facilities
of
a
of
this
California
Frazer,
operations,
were
President.
Operations
corporation
as
the
announced
production
on
plant
automobile
production
will .be
started
to
within
convert
a
few
the
weeks,
Kaiser
will be
in
charge
of
operations
in
the
West,
it
was
.Frazer said he could not divulge the location of the California
plant immediately, but he said that the plant selected was an Im¬
portant producer of aircraft material during the war.
"Henry J. Kaiser and I plan
to onerate the West Coast nlant
plus
additional
such
amounts
($1,200,000), maturing Aug. 14, 1957.
pesos
25
of
stock
pesos
par
Outstanding
(par
——
^
166.667 shs»
■
448,000 shs.
including
Mexican
166,667 shs.
($5)
share
common
shares
into
which
448,000 shs.
the
Mexican
be converted at the rate of one Mexican
Mexican preferred share.
No common shares
under the Mexican law are required to be authorized but to remain,
unissued available for conversion purposes as it is not possible under
the Mexican law for the company
to have authorized but unissued
shares
preferred
in
common
*
said.
Edgar
bonds of
of 6,000,000 pesos
per
"Common
spec¬
•
par
Authorized
con¬
public
shares,
the present cash of the company, will be
plus interest -to date of redemption, the
the company now outstanding in the prin-*
from
pfd. stock of 75
share____. -J
cum.
$15)
construc¬
January.
the
capitalization of the company on Aug. 31,
1945
and as adjusted to give effect as of that date to the Issuance
and sale of the American preferred shares and the Mexican financing
is shown in the following schedule;
In
announced.
2,752,444
plant
amount
"Not
tractor
the
s
be received by
CAPITALIZATION—The
■
of
exoansion
Pacific
the
center
205,159
charges—r______
and expense
loss
for
debenture
cipal
Selects West Coast Plan for Automobile Production-—
$1,305,584
be required
redeem,
at
to
preferred
American
of
sale
may
used
6(7
are
complex
currency.
PROCEEDS—The proceeds to
the sale of the American
from
...'
and
Rototiller
new
-
'
cars
OF
preferred shares will amount*
proceeds will be
pay for
rolling
mill equipment and
a
rolling mill site and/or repaying bank credits
advanced
for
that
purpose.
Company
has
arranged with Banco
Nacional
de
Comercio
Exterior, S. A. for such bank credits up to
6,000,000 pesos
<$l,200,000i, which credits may be obtained at any
time prior to April 25,
1946, at a rate of <a% per annum plus cus¬
tomary fees and commissions payable to the bank, on notes extending
for not more than; 180 days.
The balance of the net proceeds from
new
new
automobiles, the Kaiser and Frazer,
equipment, will also mean employment for
additional persons throughout the country en¬
Mexican
share,
approximately $2,330,121.
A part of such net
used
(either
directly
or
through a subsidiary) to
to "
according
day,
a
that the
twe
,
$1,761,956
required
taxes)...
___________—________
Amortization of debt disc,
,
automobiles
added
are
to
farm
year
that
tacular,
and
exchange—net—______
before
Interest; .-charges
these
of
250,000
full
first
Dec.
on
of
line
new
a
amounts
(less
.
on
$2,392,070
Profit
Frazer
who
shares
unless
1950,
per
pesos
company
be
to
28,
as to the 166,467 such shares, to be
American preferred shares now offered.
convertible at any time to and including
previously redeemed.
Into 166,467 American
representing common stock of the par value of
166,467
the
APPLICATION
within
expected
is
stock of the par value of 75
expired
have
and
by
shares,:
J
are
people" by
11,000
and
plant
employment of factory workers,
process will be In full swing by
March when
production, lines are completed.
structed
160,148
stock
preferred
25
■
genl.
to subsidiaries)
foreign taxes
charged
Taxes
and
President,
8,000
Mich.,
large-sca'e
major
Administrative
Run,
S. A.—American Preferred Shares Of¬
made in our issue of Dec. 24 of the
was
share, Mexican currency; less
for by the common'stockholders
common
and
the
between
Wiilow
protective coatings, In exchange for 15,550
stock and $100,000 in cash.—V. 162,' p. 2819,
bituminous
of
scribed
;-;
this "
presses
installation
'
for
Vice-President, tar and chemical division,, on Dec. 6
negotiations arc in progress for the acquisition by
the
capital stock of Wiles Dove-Hermis'ton Corp.,
per
since
that
gaged in auto sales and related industries," Mr. Frazer said..
"Our
production lines will be geared to produce 300,000
84,375,602
earnings
employ
the
Kaiser
producing
The
Total
will
when
'Manufacture
339.276
all
shares sub¬
pursuant to
preferential right of subscription under Mexican
^'vX-ixi'-xx ' : X"
\
j:'.x
rights were exercised for 200 shares of 6% cumulative pre¬
pesos
11,000 by Mid-Summer—
corporation
mid-summer
and
739.726
and other inc.—net—.
int.
$6,439,687
or
Spanish Govt. Bonds....
on
dividends,
Sundry
in
reed,
S.
$3,815,004
1944
that
of
cumulative preferred
6%
has
Kaiser
900-ton
$0.54"
offering by Shields & Co., Hemphill Noyes & Co., and
White, Weld & Co. on Dec. 20 at $16 per share of 166,667
representing 166,667 shares
,
of
i
American Preferred Shares,
;
Tape
new
,
162, p. 2644.
La Consolldada,
C.
begin
fees from
n*-e«enlly
and >serv.
manag.
in
•
N., Forker,
fered—Mention
the
H.
Joseph W.
•
Only)
1945
Sept. 30—
subsidiaries.....
from
Current
-X >'X
(Parent Company
J.
producers
production of the Frazer is expected to begin about March i
Kaher following
approximately six weeks later> y'X";! '■ X, X
i<
McCaslin, Vice-President in charge of engineering, on Dec. 20
announced
the appointment of Frederick W. Watson as Manager of
the body division.
' .--xX -' :with
or
of
reason
t'
Koppers
products division
the
233,157
•
prior periods.—V.
announced
subsidiary
announced
for
Nil
Koppers Co., Inc.—May Acquire Chemical Firm—
X
,
Own Auto Bodies—
Dec.
bodies
own
99,800
248,733
.
in
Corp.
-
.
the
said
Its
outstandlng______
outstanding_____
share
x
ferred
Kaiser-Frazler Corp.—To Mfg.
J'
shares
shares
common
345,000
"$126,643
tComputed at normal tax rate effective for the balance
of
the
company's fiscal year and does. not vreflect possible further
refunds resulting from unused excess profit tax cxedit or loss carry¬
back.
*1No adjustment ha,s?been made in the quarter ended Oct; 31,
1945' tb
reflect
accelerated
amortization
of
emergency
facilities nor
for
certain
expenses
attributable
to
the
termination
of
the
war
Included In the operating "costs and for which reserves were provided
3074.
p.
+$179,455
"Profit.
Volume
Net
common
The
Frazer
•
preferred
of
Larch-X
President
as
X
vCrtl 19,637
of
.
.X.XV>-;^:Xx^
Smith's
471,643
;
per
1944
•
$3,231,298
shares of Koppers common
of
a
■
299,092
—
Earned
and X
Sales
since its organization as
1945
$2,453,765
taxes
funds
George JF.X Smith, ,' who
succeeding
'
taxes__
Number
elected President of the Industrial Tape
been
N.
Executive
which
to
Johnson
$6,129,655 > $5,829,633
share_____
common
Federal
loss
Number
corporation. :
this
Johns-Manville
per
before
Federal
the
the
autbmatic
Vice-Presidents
of
the corporation
been
$8,801,465
2,507.5*iq
464,292
2644.
represented
Net earn, before int. chgs. and spec. chg...—
Charges of subsidiaries..
Interest charges to parent
,X
X
I
Corp.—N5w Vice Presidents—
Johnson
&
1,833,000
1,626,000
$8,107,497,
1,8P5.qro
91,861
for
:
.X:___-~W;' 800,000
X.
exchange—net.
been
>
included
not
claims
vendors'
following,
.
Brunswick,
President of
Nicholls
,
X Balance
is
that
reason
Vice-Presidents
Nicholls, Jr.,
New
Johnson
'
Profit
which
2819../;;;;.vx.';.: '':'X, "H.:
p.
income
oper.
p.
sales
Loss
Johnson & Johnson will require his full time, the announcement states,
but* he will continue as a director of the subsidiary corporation.
Mr,
1.274,487
5,743,655
mat. cont.__
war
S.
been
363.093
3,419 ,835
-—
—
of
have
also
162,
J.
intangible
of
amort,
V.
Corp.,
3, 879,619
1.7P6 ,162
etc.)
govts.,
:
,*
Johnson & Johnson—New President of Unit—
prov.
X
foreign
to
renegot. of
pos.
(no
tax)
taxes
segregated
Provision
4,350,,881
repairs......
Federal income taxes
excess
Other
expenses.___._J_...
and
Maintenance
Taxes—U.
411,112
735,569
$39,545, 594 $38 825.907
11, 333,872
13,227 353
gross
Operat.,
'
Y.,
153,000
1
$1,036,385
King-Seeley Corp., Ann Arbor, Mich.—-Earnings-
1.519,519
1,241,140
Cassidy,
are
subs.
rcyalties-___;..-._
J__._____.J___
_
earnings.
selling and geni.
M.
L.
They
ry.
Quarter Ended Oct. 31—
trade-named
montrl N.
—
and
dividends, interest
Other
income—net
Total
27,375.421
29,342,1891
rev.
consolidated
Other
for
X—
sales.—
on
the
payment of
Johns-Manville
,
profit'
Gross
•
have
Government
'
Net
working capital amounts, to approximately 7V4 millions.
The
$5,000,000 "V" bank loan has been paid, leaving the company free
of bank debt, and only a minor funded
obligation.—V.-162, p. 2644.
S82,266*.445
•
73,482.159
23,000
oper.
rents
162,
Net
1944
Xm-
1945
the
the ."Launderall,"
going into production
at
Indianapolis in January; electric-steam irons, Coca-Cola bottle vending
machines, a garbage disposal unit, an automatic dishwashing machine,
and cushion spring .units for automobile seats and backs.
Xr' 77;
$69,390,761
63,341,423
Gross
goods sola.
x7 ■■7
contracts
against
S'--."-:
$1,000,000
for
;,the
Cr430,000
accruals^,
Society of the United States $22,000,000 of
debentures, due in 1966, with interest at the rate of 3%.
The cost of the money will be less than 3% as the deben¬
tures are to be sold above par.
The proceeds of the
financing will be used to retire substantially all of the
existing indebtedness of the RKO theatre companies as
well as to repay all advances due from them to RKO.
The financing was arranged by Lehman Brothers, and is
part of a program to consolidate all of the theatre activi¬
ties of RKO into the B. F. Keith Corp.—V. 159, p. 1354.
be-as
follows:- December,'- $500,000;
January,
$2,500,000;. March, balance."X
stockholders that-ithe complmy'i post-war expansion
told
taxes__.__
Assurance
will
includes
machines,
'
,
the
24,061,846
$1,489,385 $12,623,497 $16,804,465
300,000
2,890,000
6,170,000
$736,859
February,
Jacobs
program
telegraph Corp. (& Subs.)
International Telephone &
of
Mr,
above
payments
$2,000,000;
XH-. ;7
x7
and perform *
to
—Earnings—
Costs
partial
Court in
Federal District
execute all documents
provided in the agreement.—V. 162, p. 3074.
acts
9
in
v,"7 7 V.l-.r.'J:;-''!.
',t ••'/, fx';'
MnBrickley <is authorized
all
Ford
W.
J.
.Xx"
Boston.:
;■
to
,
(B. F.) Keith Corp. — $22,000,000 Debentures Placed.
Privately—N. Peter Rathvon, President of Radio-KeithOrpheum Corp., announced that B. F. Keith Corp. had
completed arrangements to sell to The Equitable Life
"Cr489,000
estimated obligation in that
amount," he added.
anticipate-the payment of our claims will be finalized
"We
•
Hydroelectric- System,-. and the., company for
settlement of the litigation involving the two companies was approved
for
restricted
2819,
p.
21,018,801
$757,976
with
1945
:_a_
government
filed
been
$8,000,000.
received
listed
$438,063
tax
ry.
Net
requested partial payment of $1,770,000, of which $260,000
Mr. Jacobs stated.
; *,
also
opers.
ry.
income
-V.
paid,'.'
$1,770,000
:
have
and
162,
1945—11 Mos.—1944
2,271,341
196,087
1284.
p.
___
income
company's
claims
have
"We
I
and
companies
In eastern
$3,760,726 $33,642,297 $40,866,310
1,774,446
103,439
—
the
$7,000,000
"We have
\f
of
1945—Month—1944
$2,212,509
8,439
-
all
and
Co.—Earnings-
78.648
Crabb,
1945,
162,
OCT.
.
Federal
________
said
sales
be-mar¬
wui
motor
manager
Pittsburgh.—V.
$845,063
•
He
wholesale
and
and
Frazer
Lincoln
income
(net Dr)__
.
Official of
fr.
Railway
less ex¬
securities.
E.
15,
shareholders.—V.
MONTHS
-
of
recovery
and
Jt. facii. rents (net Dr)
the sale of
corporation,
totaled
approximately
EARNINGS
loss
Estimated
modium-priced
.X
Ford
district
zone,
a
Including Buffalo
rev.
Fed.
(F. L.) Jacobs Co. (& Subs.)—Earnings—
Net
as
the
14-cent Dividend—
and
26.8 cents from profit from
asset
Willow
6
Dec.
on
regional
as
this corporation
Run. Mich.
31,
derived
was
and
shares
stock
company's
years
Other
a
dividend of 14 cents per share on
payable from income on Jan. 21, 1946,
1945. With the 26 cents paid on Sept. 26,
16, and 10 cents on April 16/ the present dividend
payments to 70 cents per share.
Of this amount,
July
on
sales,
of
by
next
1
declared
Dec.
at
and
with
Railway oper. revenuesRailway oper. expenses.
I
X
capital stock,
record
total
cents
penses,
have
value
par
Corp.,
Kaiser
was
y
>
upward
to. spend
at-Port Colborne is now ...
Net loss
X
t$140,924
exceptionally high due to lack of demand, which is believed to be
"After
provision
for
taxes
on
income
of
subsidiary.
tlncludes
temporary.
Manv war uses of nickel were in industrial equipment •
S104.478, being portions of the reserve for post-war reconversion of converted
to
war
services, and these will now resume their place
plants credited to income.
as
peacetime applications.
New uses for the metal have been de¬
veloped during the war and manufacturers who never used
nickel
Plans New Products— /-'.'Xv'.x.-xx,*
previously have discovered its beneficial qualities.
Additional peace¬
This
company
is spending $1,832,000 in acquisition
time applications perfected during the war years promise to compen¬
of new fixed •
assets,
Rex
C.
sate for losses to competitive materials."
"X
Jacobs, President, told stockholders
at
the
annual
-.X
;'\.Vv-'XxX x^X'X'
meeting on Dec,1 17. 'XX; XX
'XXX'-jj'j'rX-X
''X-'X':. '-XXxX/X
"Our
16
Equip,
to holders of
charge
Humpnrey
produced
the
Investors Mutual, lnc.—To Pay
the
low-priced
period End. Nov. 30—
of
'
•
,
The
in
T.
W.
be
Kansas City Southern Ry.
private sale of $2,500,000..."
1971 at 103%.—V. 162, p. 2272.
•
due
Motors
MacDonald
territories,
t
Utilities, Ltd., the electric subsidiary, expects to call its
United States and Canadian 5%', bonds for redemption
1,
the
Mr.
year's
saving
a
'
Graham-Paige
of
to
keted,
re-X
be
to
initial
or
Vice-President
appointment
automobiles
■
is
the
of
■
..
subsidiaries
which
the
for
Mr. Humphrey will direct the work of 17' regional managers in
2a onw^e network of 210 distributors and 3,800 dealers through
which
m
of
rate
MacDonald,
._
the fourth annual
year,
the
x
bank
<
operating
and
on
as
the
on
$200,000
.<y
■
A.
announced
supervisor
corporation's holdings in its Canadian
General Water Gas. & Electric Co., New
period of ten years, the first three
$300,000
'
,
Dec. 24 by J. W.
Run..
price,
Trust
on
President.
Mr. Petersimes will be in charge of -production of
Kaiser and Frazer automobiles and farm equipment, at Willow
the
prepay¬
redemption
announced
was
(Frazer,
of
March
Chairman
of nickel in
consumption
X;
rate
.
Canadian
decorative
war
the
at
amount
conservation
All
under
an
saw
war
electroplating.
been
$7,000,000 for additions and extensions to their systems in
years.
•
/■'' 'X
•
x; I . \ X
\
on
immediate resumption of f
applications of plating had been
measures.
There was a sub¬
stantial
pent-up demand.
Research and new developments in the
past few years have furthered the adoption of specifications calling
for
thicker
nickel
coatings.
Nickel is already flowing
in sizable ;
amounts
into plating uses.
The automotive industry in the United
States
is planning to use heavier nickel plating in its 1946 line of
cars
and
trucks,
which
will result in a: marked increase in, the
the
of
end
"The
.
and
requirements
.
nickel
of the full
Empire
the
at
by the
1s. secured
$2,500,000
rolling mills at Huntington, W.-Va., Birmingham,
England,
and Glasgow,
Scotland, delivered substantially increased
quantities of vitally needed Monel, Inconel and other nickel alloys
for war requirements.
During the conflict, the land, sea and air forces
of
the
United
Nations
were
the largest users of products of the
Huntington Works, which was honored seven times by the Army and
Navy of the United States,
X X'
'
discontinued
26
has
Petersimes, associated with Chrysler Corp. for the past 22
has been appointed Manufacturing Manager of Graham-Paige
Motors and Kaiser-Frazer Corp., it
,
four
_
company's
"The
Provision
1946
2,
Jan.
approximately $133,000.
<
.
engineering steels, which were developed
industry and government in, the United States
to conserve
supplies of alloying elements, were adopted as standard
by the American steel Industry during 1945.
These steels, which are
known in the trade as 'triple-alloy steels', contain nickel.
to
dividend
deemed,
interest
supplying
at greatly
Jan.
on
year.
a
Annual
of
metallurgists
loan
,
$350,000
wartime
of
series
f'Four
.
by
The
.
industries
other
and
funds.
pro¬
F.
yeais,
Y.
N.
operating subsidiaries
1942 through 1945. International Nickel
annual rate more than twice as great as
an
..
Q.
.
•
the loan as agent for the
,X.
stock presently outstanding
$3.50
York City, and is repayable over a
annual installments at the rate of
years
at
to
year
Canadian,
1
*
into
nickel delivered went
steel
to
purposes
war
the
States
United
of
consumer
refined
total
the
of
for
During
field.
the
greatest
the
be
to
60'*
of
corporate
dividends
York,
installment
in the United
nickel in 1945.
the steel industry
in the past,
case
negotiated
Co.
&
-
plants.
Canadian
International Nickel's
"As
announced that it has arranged a
at 2%•'X- with the Bank of America
Association
and
the
Marine
Midland,
/
beginning
crued
war
tained in excess of requirements for some
at
Hall
unit for
V Directs Manufacture at Willow Run Plant—
26
loan
Savings
shares
61,810
of'Other
out
i
,
contingencies, the output of nickel was main¬
months prior to the cessation
of hostilities with Japan.
Stocks on hand, were rapidly accumlating.
The drop
in
consumption which followed, placed the production of
nickel far above current demands and forced operating curtailments
provide for
ana eventually as a self-contained
manufacturing
duction of both the Kaiser and Frazer;" he explained.
.preferred
have been called for payment on Jan. 26 at $52.50 a share plus ac¬
crued dividends. Capital cost of the redemption is $3,245,025, of which
$3,000,000 will be provided by the bank borrowing and the remainder
r
"To
bank
and
Harris
Co.,
Dec;
on
ten-year
Trust
company.
particularly in the, steel
troubles,
corporation
$3,000,000
Trust
customers.
labor
The
National
the
greater had it not been for
and automotive
industries in
.nun,
Refinancing—Calls
$3.50 Preferred Stock—
close,
in
International Utilities Corp.—Plans
.
sharp decline in nickel consumption which occurred
the fourth auarter of the year has witnessed
demand.
This
improvement
would have
been
the
war's
betterment
was
appear
make 1n this transition
to
"Following
the
it
reconversion
the
alterations
at
world
would
the
by
consumption
1937.
*
stock.
share-for
Upon
may
one
the conversion
of Mexican preferred shares each specific
share so converted changes into and becomes by such
a
Mexican common share and the authorisation of the
Mexican preferred shares in the articles of incorporation is in itself
the
authorization of the Mexican common shares
into which the
same
are convertible.
The number of shares represents the shares
to be outstanding pursuant to a 2-for-l split authorized by resolution
of stockholders' meeting April 10, 1945.
preferred
conversion
Mr.
primarily
as
an
assembly
plant
supplementing
production
at
Willow
was organized under the laws of the United
Aug. 12, 1942 under the name Compania de Acero y
Consolidada, S. A. for the purpose of acquiring all
COMPANY—Company
Mexican States on
Maquinaria
thA
assets
La
exclusive
of
certain
items of
cash and
certain items nob
THE COMMERCIAL & FINANCIAL
3194
*
in
needed
assuming
and
the
was
name
Shields
include
concrete reiftforcement bars and rods; (2) castings, ranging in size from small pinion
fears to pieces weighing several tons;
(3» bolts, nuts, washers, spikes,
pole line hardware, and related Items;
(4t automobile, truck, tram¬
way
and railroad springs; (3) steel wire and welding rod; (6t mechanlcs* hand tools, such as hammers and chisels, (7t plastic->coveied
"•transmission wires and cables; and (IBi various types o'copper wire
and electrical
conductors.
A comprehensive line of bate and in¬
sulated
copper
wire and cables makes up the bulk of the_ nonferrous metal products sales.
Company operates a brass and bronze
foundry,
producing mainly journal and other railroad brasses, an
•electroplating shop for cadmium, chromium, zinc, and other metal
plating; and makes a variety of white metal products, including sheet
lead
tin and lead pipe, solder, babbits, battery zincs and type metals.
Company
also acts as Mexican agent for the products ot American
manufacturers,
some of it-- important' agencies being the exclusive'
distributorship in the Republic of Mexico for Lincoln ^ectric Co. S
welding machines and welding rod and various products of the Union
E. H.
■
the
respective
each- such
of
name
■__
6.0
Creston H,
3.6
Hill
F. Eberstadt & Co
&
& Co..._.
1.2
Scot', xior.ier & Mason, Inc..
St mud £ Co., Ihc.._____——
F.
Rice
and
2.4
■'•• ••-o.
r-'j't
•
Puree 1
I
0.6
;
kij..awk Vahey xnvejc.ug
1.8
0.6
Co._—„
&
Vance
B.
}
in 1942 have been; last 4Va months of 194_,
$6,611,000; 1944, $6,748,000; 8 months ended Aug.
ganization
1943,
$4,569,000.
-
■
*•
>
a,
'
AND
EXPANSION
has
PROGRAM—The
IMPROVEMENT
coated
present
rod
and
above.
In
several
of
of
employment
Arthur
of
and
for
has
G.
McKee
and
to
&
Co.,
prepare
complete
a
broad
a
survey
that
part
this
rolling
the
of
mill
man¬
could
program
be
best
deliveries
such
in
Mexico
date
deliveries
plant
Negras
the
of
of
Mexico
start
about
or
made
been
on
at
purchased
City plant
in
the
the
of
Dec.
wholly
meters
of
amount
equipment
subsidiary
This
land
in
has
been
formed
subsidiary
Lecheria
has
(about
to
operate
purchased
20
miles
following is
organization
31,
Aug.
a
the
and
to
the
a
EARNINGS
including
1946,
Year
1943
4y2
1.149.764
2.57
291.699
"^Earning5^^re stated after
withheld
j,
dividends
Lfi
»
of
at. the
of
$21,009
representing
statutory reserve based
tThe
above
amount
fha
of
and
per
net
a
the
(undistributed
equivalent
profits for that
common
shares,
all
448.000
share
are
shares,
of
-
after
recent.2-for-l
The
several
have
at
agreed,
$16
terms
per
and
underwriters
dated
Dec.
18.
have
1945
entered
Into
under 'which
an
the
to
be
-V,
"B"
to
back
prospects
have
been
of
issuance
two
Chafles
Luckman,
Chicago,
will
succeed
the
benefit
stock
held
the
at
on
of
Shares
conditions of the underwriting
agreement-166,467 American
same
:
-
elected
Presi-
v.
; v
■
152,
2861.
p.
Iiy.—Earnings—
1945—Month—1944
:
.
.
1945—11 Mos.—1944
$1,897,934 $17,811,803 $19,517,596
796,800
9,022,018
10,953,601
$1,186,263
751,784
.
ry,
124,601
$1,101,134
676.000
$7,889,785
3,845,802
66,634
83,449
832,198
865,803
$243,244
-8341,685
$3,21l;785
$3,160,786
61,976
60,347
11,518
737,867
9,475
117,720
715,430
130,176
$171,793
$269,820
$2,356,197
$2,315,180
$434,479
■.
$8,563,994
4,537,400
income
_
incomeJ
2645.
output
this
of
week
for the *;eek ended Dee. 15, 1045,
compared with 31.808.000 kwh. for the
• a
decrease of 17.2%.—V. 162, p. 2344.
company
kwh..
26.350,000
as
last
year,
Airplane Corp.—Transfers Operations—
the
of
corporation's
from
operations
Trenton,. N.
J.,
to
Tex., a move which consolidates the home office as well as
manufacturing activities of
the corporation in Texas, was an¬
all
Dec,
nounced
One
of
by L, H. P. Klotz,
pioneer
nation's
for
concern
the
is
15
the
Luscombe
first
many
years
President.
manufacturing
aircraft
companies,
the
Trenton, N. - J.,
personal
aircraft
has operated at
concern
in
the
nation
to
of postwar airplane manu¬
;
,'v,
..',.,,1-;
Mr. Klotz said transfer of all key personnel for the production of
the
all-metal Silvaire
plane already has been carried out and all
operations at Trenton, would be absorbed Into the Dallas organization
by the end of .the year.
-•■..., •>• ,
•
•; ,
>.
Deliveries
of
the
Silvaire
airplane
have been under way
since
October;
and
employment of
personnel is expected to more than
double
as
production continues to increase.-.More than 400 persons
ate now employed at the Texas plartt.—:V..
)62, p.^ 11?2,;.
construct
plant
a
prime
the
for
purpose
„ir
7 '
•
■
nominal
J
*
.
the capital
stockholders.
who later Jeqve the
value and such shares •'
current
•
basis, by the remaining stock¬
Y
" •••
authorized
'
'••'»
&
who
ability
as
Vlr Den
principals in
of
Holders
date
from 1,250,000 shares to 1,400,000 shares.
stocx of
record Dec. 27, 1945, or such later
registration becomes .effective, shall, have the
stock
common
which
on
Preferred Issue Approved
Dec. 21 approved a- new authorized issue of
"par Value preferred stock and increased the
such
right to subscribe, on or before Jan. 8, 1946, for
vertible, preferred' stock ($100 pari, to the extent
of
share
each
and Mann Holmer.
the firm for many
stock
common
Madison Gas &
cumulative con¬
of, 3/50ths. share
Subscription
held.
the offering is made.—V.
determined shortly before
four .major stockholders:
the
common
..
be added to",
may
McCrory Stores Corp.—New
The, stockholders on
shares of $100
80,000
the agency treasury for future
Mitchell and as an additional
in
exceptional
associated
price
is
to
be
162, p, 3075.
Electric Co.—Registers with SEC—
of
announced
Luckman
Executive
of
time
5%
has
160,
was
the
the
Manager.
who
on
company's Pepsodent Division
of Henry F. Woulfe as
Dec.
capacity,
this
In
The
7
elected
was
of
to
the
Brothers
Lever
the
Woulfe.
Mr.
newly
at
petition
with
the
SEC
for the sale of
of
joined in the application.
'will apply the proceeds of the bond sale to
first mortgage 4s, at 104 Vi plys. accrued
redemption of 5,000 shares of 6 Va c?c preferred, at
Madison,
Madison
company
and
the
dividends.
The balance will be used to expand
;
'
' •■
• •
•'
will split its authorized common from 30,000 shares
300,000 shares, par $16, and issue 187,500 shares of
new
common
in
exchange for the 300,000 shares of common out¬
standing.- American Light, which owns 29,992 shares of Madison
common,
will acquire the remaining 8
shares issued as directors'"
qualifying shares,
The program also includes the distribution by
Madison to American Light of 89,305 shares Of new common as a
$105
and
accrued
facilities,
Products
Corp.—Sells
•Company also
of $100, par, to
Preferred
.
the
sale
preferred
a
a
redemption of $3,400,000
interest,
,
Co.,
12.
granted
parent
Co.,
election
Vice-President
p.
announced
convertible
Atlas
of
President
8
has'filed
company,
$4,500,000 of first mortgage bqftds at competitive bidding. The interest
rate will be fixed by the successful bidder. . American Light & Traction
Co.—Changes in Personnel—
Aircraft
Corporation
>
been
has
Dallas,
employees
rata
held
Lennen
of
Stock of Autocar Co.—
will
'
taxes-
oper,
p.
Transfer
class ."A';_
tlie
of
by
then
pro
a
be
General
Mass.—V.
Liberty
net
and
Mr:
post
Cambridge,
Dec.
on
Vice-President
created
President,
-
Lever Brothers
•
Commission
v
'
accruals-
corresponding
The
split
agreement
with
the
several underwriters
ry.
Eiectrlc
of stock:
'
'
_Y
groups
Y
years.'
for
Service
162, p. 2644.
First- Vice
________
tax
162,
totaled
Y".Y-'Y
Y v
voting stock will be held by
Lennen, Robert W. Orr, Rav
men
Public
This
Louisville Gas & Electric Co. (Ky.)—Weekly Output-
,
for
W.
These
on
from
operating
Net
"Mutual-
profits, after"paying & dividfehd oii
net
members
for
York
New
to
notes
'
'
rising
Y
permission
cf
-
voting stock.
the shares will
of
for
company
sale
facture."
the
by
"B"
Common
sold
•
„
(Dept. Store), N. Y. City—New Pres.—
Equip, rents (net.Dr)—
Jt. facil. rents (net Dr)
•
(N.Y.)—Becomes
Inc.
out
and
firm's
the
1182.
p.
income
ry.
Ry.
shares are
profit-participating and is being sold at a
redound
this
,r *
*
staff.
The
severally and not jointly to purchase from the company
share (before underwriting commissions*, subject to the
receive/in
value shares.
par value stock
President, on Dec. 26 announced the completion
which creates for employees an oppor¬
carried
is
by
issue.—V.
expenses—1
operations
structure
stock
note
revenues-:—
revenue
Other
1,000,000 units of
be purchased again,
Philip
UNDERWRITING—No firm underwriting commitment has been made.
Company
the
of
attraction
present
coverage of preferred
dividends is based on the above
without
adjustment
for
the
saving in interest which
from debt retirement.
»
«
result
is
v^'l
block
sale
split.
SThe
income
issued.
not
holders.
months
2-for-l
a
37,000,000 of
redemption of the 3% 7 debentures
with
refusal
the
on
Shipyards Corp., below.—V
oper.
Net
company's
Mitchell,
stock
must
may
the
requirements
connection
Todd
Ry. oper.
became
Lennen,
..
•
.
request by the
the proposed
a
Period End. Nov. 30—
Ry;
share in the agency's growth and profits.
"A"-
of
firm
outstanding
,he
t
Bank, &
company
plan
The
in
the
such
157,
voted to
par
$2.50
new
/
&
W.
.
on
the
$2.50
new
the
of
chares
but
the
of
permanent certificates are available.
over
common
Shares
tax on
period.
based
In
granted
declaration
Dorothy Shaver,
Federal
950,000.
old $10 par value shares will
480,000
470.000
split
has
Louisiana & Arkansas
Y
,
.
followed
See
earnings
provision
a
,
Advertising Agency—
new
a
The
6.56
deduction for the eight
S;"The"mS. ^
^Adjusted for
of
gift
"A"
5.19
on
Ratified—'
1945, the stockholders
18,
2819.
p.
tunity to
7.66
____
d, P.efore deductions for the dividend
flf/6
pretend
upon
earnings
common
•
the deduction of the Mexican 87'
source
(including
£ reserves
.
1945
1.20
06o
into
as they may deem advisable.
Los An?eies Shipbuilding & Dry Dock Corp.- -To Vote
on Sale of
Shipyard Facilities— ; ,,
effective at the beginning of business on
transfer agent,; The Continental
Trust Co.',' will begin to issue; on Jan. 2,
temporary certificates
representing the new $2.50 par' value
against ail transfers of stock made on or after Dec. 19, 1945.'—
ized"
3.76
1942—
mos.
enter
to
.
•
Pfd. Divs.
$0.60
2.20
directors
erties."—V.
to
120,000
1945, r and ' the
Lennen
Coverage 6 7#
Paid
$0.82
authorize
long
a
Stockholders
lease, for a
Walter Hoving, who has resigned "to form a new
amalgamation of department stores and other retail prop¬
and
A
Com. Share
*
under
dent,, succeeding
Pebeco Tooth Powder in wartime
containers and Hinds Honey & Almond Fragrance Cream
and Com¬
plete Facial has been made by this corporation to the American Red
Cross for 'free distribution to military and naval personnel overseas,
Edward Plaut, President, announced on Dec. 26.—V. 162, p. 3075.
A
cork,
983.889
a
,
to
Luscombe
'
$367,232
Property—^;'
Dec. 27 announced that a special
called for Jan.-4, 1946 for the
proposed sale, to" the University of Penn-
nation-wide
Lehn & Fink Products Corp.—Makes Large Gift—
mill
°Net Income
1944
upon
Lord & Taylor
out
price to the officers and key employees on a pro rata basis.
ICom. Divs.
long-
a
been
Pa.
its
authorize
Miss
1940.
old $10 par value
National
V., 162,
i.
1945
mos
Year
the
19,
shares
Times
8
shares
authorized
been
stock
The
§Pro Forma
fEarned Per
share.
a
completing
changing
stock,
this
remain
until
Illinois
subsidiary
1945:
in
on
1642.
SEC
banks
to
authorized 120,000 shares of $10 par value
the number of shares < to 480,000
per share.
The stockholders also author¬
470,000 shares, bringing the total number of the
the
of
for
has
Dec.
income of the company from
eight months' period
ended
the
used
783.
p.
,tiine and under, such conditions
of the
p.
action
r
»•
requested not to send in
their old certificates until they have been notified, by letter, to do so.
Temporary
printed certificates,
representing the $2.50 par value
stock, will be ready for issuance after Jan.
1, 1946: They will be
new
rolling
to
asked
withdraw
$2.50
to
value
Holders of the
Mexico
of
be
may
Long Island Lighting; Co.—Obtains SEC Grant—
v
then
thereby
par
will
which
and
in
balance
effect
The
stationary engines,
compressors,
Stock Split-Up
value
holders
There
All
OF
of the net
summary
be
162,
$4.91
$4.01
_
points
meeting on Dec.
additional
an
$2:50
approximately
outside
;
As
$40,209
the
SUMMARY
its
not
annual
par
Philip
mill.
of
V.
that the company was called
regular products during the entire war period
now
confronted with reconversion tasks.
War
its
is
4-for-l,
ized
new
Piedras
purchased
,1944
•",.
to
portable
of
Pendock
company's
the
the
and
The
toward
1943.
company's
present plans of the company call for
erecting thereon the buildings necessary to house steel
equipment.
The
split
Stock
of
owned
milling
100,000
and
it
their
exchange
effectuated
1,
:
—.
share in
per
W.
C.
produce
to
At
$3,426.
Tolling
City)
to
have
equipment
company's
amount
scheduled
,
contracts.
manufacturer
Four-Tor-One
.
The management
capacity.
,
Pendock states, included over .10,000, portable air
the armed forces; over 6,000 engine-driven electric
generator sets for the Signal Corps to power its radar units and
Le Roi engines furnished power for such military equipment as water
purification, pumps, saw rigs, bituminous pavers, refrigeration units,
light plants, concrete,.mixers and locomotives. J'.
„
,.
.
,
and the development of new and related
major recommendations made by these engineers
of steel
at
held
common
proposed transaction will be to eliminate a mort¬
gage debt of $4,300,000 and to increase working
Capital.
!
,',•• 7 •
'. .™r- Johnson stated that the operation of the business of-the com¬
pany would
in no way be affected and that the policies-, which the
company has followed for the past fifty years will be continued.—
Mr.
compressors
for
the
as steel
of the
looking
program
of
property, land and building, which the company
in tllc operation of its business, covering the block from
8th
street
and trom
Market Street to Filbert Street
.
production,
subsidiary formed to install and operate a modern rolling
Worthington of Pittsburgh, Pa. Was retained as an expert
a
——__i—
hence
and
Warren
A
;,,
•-
1945
repricing of war
with $7.86
upon
was
firm,
American
an
make
to
Consolidada
La
Street
Will
„_1__°$18,711;572 $23,761,545
.sales
President
on
the construction and operation of steel rolling mills to design and
engineer the new plant, and to supervise the purchase and installation
equipment.
Purchasing of the necessary equipment has begun with
at
v-
preferred stock.
earnings per share
'After
-
pares
of
of
33,221
,
reporting for the year ended Sept. 30, states, that it has
to its civilian customers in 1945 more goods than in any
previous year in its history.
Working capital as of Sept. 30 last was $1,967,358, which Is equal
to
$16.39 per share of Le Roi stock, and which, incidentally, com¬
lower costs.
controls over
Old
of the
shares
10
,
Rol Co.—Eafnings—
Company,
production
expansion
an
through
of
One of the
decided
mill.
-
etc., in
shipped
equipment
new
prior
stockholders
common
The company will continue to occupy the property
teim.lease which will be part of the contract of sale.
,
•
by the management upon the company's
assets
.consultants
business,
expansion
products.
to
4VsT?
Net
'
used
the physical
engineers
and
departments,
and
output
the first steps taken
acquisition
plant
improve
the
prograni.^—V. 162,
voting
uses
7th
*
Y„ has been appointed
Trust Co., New York, N.
Net
■
productivity.
labor
improve
One
to
each
present
sylvanla, of the store
''
-ii^,qo7
currency.—V. 162, p. 2149.•
S.
Years"Ended Sept. 30—
the line
plans to-introduce
welding
described
was
U.
in
are
fcr the
stressed
installed
of
purpose
-
,
-
of hand
has
Coincidentally,
a
new
and complete system of internal
operations and
accounting is being installed and, after careful studies, a series of
incentive wages scales is being established in the various divisions to
of
the
amounts
Manufacturers
Le
,
.
for
to
,
doubling the output of that division and adding many new products,
including plastic-coated wire. Also, the company increased the produc¬
mill
'^47,980
391,721
143,692
;
(J.) Laskin & Sons Corp.^—Transfer Agent— ;
The
and
tools
profit
transfer agent
a policy of plant improvement, oroduet diversiexpansion of producing capacities, with the aims: of ■
increasing output and of obtaining maximum product quality, plant
efficiency, and higher average price realization per unit of output.
In
that
direction, substantial amounts of new equipment, including
machinery for the manufacture of bare and insulated wire and cable,
were
added
to
the copper wire plant in 1943
and 1944, more than
agement
fication
tion
J'
0
iron
pig
share
George H. Johnson, President,
.meeting of the stockholders had
.•
The
from Compania Fundidora de Fierro y Acero de
Monterrey, S. A. at Monterrey.
Mexico. - Scrap steel needs-of the
Mexico
City plant are obtained locally, with much of the supply
coming from the fabricating departments of that plant.
The copper
purchased for the plant originates from Mexican ore, which is refined
in the United States and returned in ingot form to Mexico City duty
free.
Other raw materials are procured by purchase locally and from
sources
from within the United States.
The electric furnaces in the
company's Mexico City plant operate exclusively with scrap purchased
locally, crop end of ingots shipped from the company's Piedras Negras
plant and scrap produced in the fabricating plants of the company.
In Mexico due to
the low level' prevailing for many years in expenditures for capital purposes and for necessary repairs, the company
believes that there is accumulated a large potential demand for -con¬
struction materials and equipment.
During the war years,-when the
country was to a large measui'e cut off from its European and American suppliers of industrial products, steps were taken looking toward
the expansion of Mex'co's industrial,economy.
As the country becomes
freed from wartime inability to obtain the' necessary equipment, tech¬
nical
help and caoital, the process of industrialization should be
.been
7
—i
...
—
NOTE—All
Piedras Negras, the company
its open heart plant at
in
materially accelerated. !
*
8,219
•
..
Capital exp. and develop, of strategic metal deposits^_-___7;
-
purchases
i.
$1,973,000;
31, I94o,
($100
series A cumulative preferred stock at $107
Philadelphia,
plant is located in Mexico City. To supply
City plant's raw steel requirements, the company
for use
tion
.
$556,198
t—.
—
.
part of the
Mexico
operates an
open
hearth steel-making plant at Piedras Negras, Coahuila, which
is directly across the Rio Grande from Eagle Pass, Texas.
Most of
the
scrap
steel requirements of the latter plant are obtained from
Texas, where supplies are abundant and relatively cheap.
In addi-
'
(groSs i
'
net
offered
Lit Brothers. Philadelphia—Sale; of
main
The
"
Production
Estimated
being
new
expansion
range
,V
106,335
costs
'■
Provision for depreciation, deferred develop, and depletion--..,,
of the company since its or¬
operating revenues
and
sales
net
The
one
shares
common
1945
30,
—
Operating
companies.
.
registered with the SEC 72,810
preferred stock, convertible into
.
milled—
.
*
Y•"
registration .said
Marketing Charges
Net
162,
1,4
■
not
mundin®
The
Ltd.—Earnings—
REPORT. FOR QUARTER ENDED SEPT.
Metal
.,
subscribed for will be offered publicly by underwriters
by Laird, Bissell & Meeds, Spenper. Trask, & Co! and Merrill
Lynch, Pierce. Fenner & Beane, of" New York.
oThe-company will- use $3,101,823 of proceeds to redeem all out-
•
^
*
has
cumulative
of
Shares
3075.
La Luz Mines
ore
"
1956.
1,
the rate
■.
Tons
;■
headed
.
1.8
Richard
corporation
Feb.
Tlle Preferred is
•
Co.
Inc.
1.8
to
0.6
Gordon
1.8
Snyder—_______
p.
'
'
3'/a7
par)
1.2
Meeks & Co———
1.8
the
,
,
Co.. inc.....
Hudson Sr.
~v
f
,
0.6
P.
Ingalls .&
162,
•
Will Redeem Old Issue—
1.2
c_-
1.8
Hifseh & Co,—
—V.
'
1.2
2.4
_
2018,
p,
',i,.c_vr-.
Edward
& Co.
Baker, Watts & Co.
•_
Bear, Stearns & Co
Farwell, Chapman & Co.—
W. D. Gradison & Co.
■
Liquid Carbonic Coi*P.- -Files 3Va%. Preferred Stock-
Lj'a.,
Cook
Co
>
amounts paid individually will vary from $3 to about $25,000.—V.
v
o
2.4
Newhard,
Daniel
-
1.2
Moore, Leonard & Lynch.—.
3.0
!_
Co
-
1.2
i
r*
as-follows;;
■
the
.
1.2
o,
3.0
Wm. C. Roney & Co._—
Sears
•__
Fu..k
Richards & Co._i._-_
at - the •.•distribution- of
15;
sonally participate in bonus payments.
'**"
/
»
The bonus paid this year is in excess of the total wages and salaries
of
all
workers
and
totalled
slightly in'-excess of
$3,000,000
The
1.2
1.2
7-T„ rr.t'i
3.0
-
1.5
Co.rJ^
&
Fuller
A.
•
1.8
& Co., Inc.
Coo.ey
3.6
Co
1.8
.
Co.—DistributesIncentive Bonus—
President,;. on-' Dec.
Lincoln;
Incentive bonus, stated In part
12th'annual bonus Is the total
This
'minings of the company after
payment of the taxes and dividend," and the setting aside of the neces¬
sary seed money for the continuous prosperity ot
the company. It is
divided among all workers who have been in the
employ of the corttpany for 45 days, or mon, as of Dec. 15, in proportion to each individual s contribution to the success of the
company.
I never per¬
1.8
_
Co.ii._——
William
Boettcher
Draper,
&
George R.
______
_
Gardner.:.
&
3.6
3.6
and
H.
F.-
annual
two-thirds of the
Annroximately
J.
-
under¬
Common, Dann & Co:
Walker & Co....:
_
Courts
Red-
&
___
Co.
G.
4.8
Inc
Parker
.Vietor,
10.8
_
Piper, Jaffray & Hopwood
company's sales are of steel prod¬
ucts and approximately. one-third are of non-ferrous metal products.
The company's sales are
made mainly to distributors and to the
public
in general, to
railroads, to light and power companies, to
tramwav
companies, and to Government departments and agencies.
As the variety of products suggests, the list of customer industries- is
a
cross' section of the Mexican economy,' and only one customer—
the
National Railways—normally accounts for as much as 10';
ot
sales.
Other important customers include General Electric -and ,Westinghouse, Ford Motor, American Smelting and a long list of m.ning
Reinholdt
14.5
Rollins & Sons,
Cruttenden &
" '
,
Co.
C. Bradford & Co
J.
'
Corp.
opposite
path
-
Carbon
&
Auchlncloss,
-
&
below
Hemphill, Noyes & Co
White, Weld & Co._
alloy steel billets,
rolling mill products such
as carbon and
rounds,
angles,
flats,
light structural shapes,
(1)
Carbid
forth
set
Lincoln Electric
v
i-
.
common
the
in
is engaged principally
of metal products.
Its chief products
and' sale
ican
Monday, December 31; 1945
writer:
BUSINESS—Company
OP
NATURE
manufacture
ah equal number of Mex'can preferred
(representing the shares not purchased by. the holders of Mex¬
shares, deposited with the depositary 'in-the percentage
shares
completion of such purchase of a»sets
duly changed to La Consolidada, S. A.
the
127, -1942, following
of the company
Aug
-
preferred shares representing
operations owned by. a former company of the
S. A. (hereinafter called "Old La Consolidada. )
certain liabilities; of the Old La Consolidada.
On
business
La Consolidada,
name
CHRONICLE
to
stock
The
,
of The
short-term
of 20,000
Autocar Co.At the
Atlas
option
Corp.
on
an
.
additional
Stock
20,000
shares, the exerecise of which option would represent the sale
of Liberty's
entire holdings of preferred stock of The Autocar. Co.,
originally received as dividends. Liberty's holdings of 200,000 shares
f
c°mm°ii stock of The Autocar Company remain • unchanged.—
.V...162,' p. • 783. i" ; .'. • '
- ■'•■■"■■ w.V-T
•
-
the
.
of
.
...
Madison
■
,
and
the
stock
dividend
are -
to
Madison common. by American Light to
stockholders., in', accordance . with ; American's
distribution
the Hatter's 1 common
.
•
«.
The; reclassification
facilitate
t
,
dividend;
of
pending plari of liquidation and distribution
of-: assets;—V. 159, p.'3.449.
Volume
call
issued
1934
of
two
'
,
The
$1,000,000 Portland & Ogdensburg Ry. Bonds
.
•
The
i
ICC
bonds
the
to
Portland
of
be
to
sold
at
and
99
the
$1,535,600
Maine
of
The
Portland & Rumford
1959.
These bonds
znately
»
As
be
The
refinancing
the
of
result
a
$535,600 and
-will
....
from
release
such
of
pledge
stock
from
$365,304
the
proposals
'
be
follows:
as
Feb.
from
A
1,. 1946,
Nov,
'■
■
who
retiring
is
from
that
position
to
Manager
Factory
was
this
of
in
division
charge
of
with
all
other
,
.
,
in
divisions,the new program follows purchase of a ten-story
factory and the addition of four floors to the main
Harold W. Sweatt, President, stated.
..
Included--in the program is the construction of a new wing to the
main
plant in
Minneapolis which will add approximately 120,000
square ieet
of manufacturing space to current" facilities, he said.
Company, operations In? Chicago, Toronto and Philadelphia also will
be enlarged by the purchase of existing buildings or the addition of
floor, space •: to' current' structures. -The
building program. will be
started' immediately,,; he said, while negotiations for the purchase of
machinery to be'housed in the new buildings has already begun.
"•/'
Manufacturing more than 3.000 different heating, ventilating and
air conditioning controls,/Honeywell recently announced
a number of
Minneapolis
,
-
.,
^
V'. The L. C. Smith Gun Co., Inc., of Fulton, N. Y„ a new division
<of this company,-has been organized with Roger Kenna as President,
it was announced Dec; 19.. Mr. Kenna also continues as Vice President
in charge
of sales and advertising, of the Marlin company. Frank
/
W
'
.
.......
.
*
•
'
'
;
Mary Lee Candies, Inc.—Transfer Agent—.
'
bgent
and
agent for
disbursing
dividend
i
the
$1
:
journal box warning
.
At
offering in
V..162,
p.
productive facilities to ljelp meet the growing demand
process controls, Sweatt said, pointing out that- during
are
Maud Muller Candy Co.—Annual Statement—
1944
1943
$136,941
108,864
refund
Post-war
profits
excess
■.
■
•
$148,924
$112,771
\
84,232
114,822
Cr9,744
tax
*' I——
-
*
.
of
-
1945
before Federal taxes-—.
Federal inc. and excess prof, taxes
profit
*——
Net profit
I-—
$37,821
Earnings per share....-—I_.——0
$1,18
—
$0.89
-
COMPARATIVE BALANCE SHEET, JUNE 30
-V
ASSETS—
Cash'on hand
and
'
$59,756
$50,687
86,651
66,336
'
•
net
17.946
by
-7,596
34/610
43,842.
3,597
assets,
27,690
28,752
profits
excess
7,847
10,683
$197,846
$193,993
tax
:
charges
of branches
automatic
of
105
$214,924
Deferred
Opening
'
refund
the
in
use
he
said,
developed
has
a
R.
.
C.
Bonus
One
will
Calif.—V.
Angeles,
the
$G,10G
--
.....
Missouri
680
1,874
of
Accrued
rent
Income
and
payable
9,750
8,269
profits
excess
(net)
19,285
14,822
34.232
3.517
3,422
1,656
taxes
potentiometer which
f
tax payable——
of employees———
bonds
Surplus
*
407
433
32,000
32,000
Plan
129,719
Installment
of-
Bank
—-
460
j
162, p. 3076.
for
$214,924
—V.
160,
p.
$197,846
Credit
created by The
Installment
of
and
America
these
of
the
board
of
Vice-Chairman of
and
corporation.
Tho
the pent up
by this
designed to
been
meet
Initially, the Plan will be limited to the
Mr, Rovensky has also been elected a direc¬
cars.
Chairman
and
director
a
has
Plan
credit.
financing of motor
West Coasts to handle sales
industry was announced Dec. 27
of the company's Aeronautical
New
;
York,
N.
V
.
RR.—Court
and
Y.,
member
a
corporations.
a'.,
board
of
executive
the
Credit
Installment
American
the
of
Morris
The
-
committee
2.#'..,.w*'
and
Approves
Reorganiza¬
F.
Harper, President, Sept.
higher
$193,993
said
assets
than
totaled
last
amount to
year
for
$5,500,000
this
of
the
17, said in substance as follows:
which
is
nearly
$1,000,000
liabilities on June 30 of this
$15,428,714,
while
year,
current
amounted to $3,738,051, as compared with $5,708,892 for tho
period ended June 30, 1944.
At the same time our inventories this
Moore.
exist."-—V.
claims
interest in
year,
•
we
thus
were
little
a
$3,900,000,
over
preceding
the
1'eceived
we
year,
able
year-end.
reduce
to
against inventories of over
Following VE-Day on May 8
of war contracts, and
as
terminations
many
inventories
our
before
VJ-Day
was
pro-
claimd.
the
In
stockholders.
Moore
of
—t
working capital as ,of June 30, 1945, amounts to $11,690,663,
compared with $8,872,674 for 1944 and $7,609,870 at June 30, 1943.
as
reorganization plan of this road submitted by the InterCommission was
approved on Dec. 21 by Federal
common
Corp.,
Corp.
both
Net
Commerce
Judge
Plan
of
Motor Wheel Corp.—Annual Report—
H.
Los
7/'"'
'
•
in
one
%
equity to give anything to
>
Total
recently
supervise
developed
financing
consumer
tor
Moore overruled each of the ten objectors and said it is
and satisfactory and holds forth high prospects
soundly -reorganized Missouri Pacific System."
The objecting group, headed by Andrew W. Comstock, had opposed
principally the section of the plan which eliminated present preferred
110,569
——..-../-i.-,
on
Committee
•
This committee will
needs
Judge
32,000
141.383
stock
Common
Management
New
Corp. of America and its subsidiary, American
American
for a
,
Withholdlng
I War
the
Corp.
of
Appointment-—
Jan. 1 as Vice-President
York, has been appointed aa
resigning
is
Bank
relations with commercial
banks and Morris Plan Banks throughout the country, in connection
with the
development and expansion of the American Bank Credit
"in.all respects just
.
_—r—--
—
state
6j651
—______
—
National
and
Manager
located .in
foe
Pacific
Judge George H.
„
•
third
The
680
1,887
1.790
—
$5,871
$6,612
680
taxes—
county
2949,
p.
year the Equity Group acquired a controlling
The Morris Plan Corporation of America.—V. 162, p. 2152,
aircraft
Sales
tion Plan—
payable
Accrued
162,
who
Rovensky;
Plan
Credit
chemical,
the East
on
to
controls
Whempner,
H.
Division,
LIABILITIES-;
Social Security payable
rat
expert.—V.
Chase
The
Current
Total
Sale of "1080"—
Co.—Restricts
Dec.- 17 announced
killer developed by
on
an
Morris
Opens Aero Sales Offices—
146
105
fixed
wide
Chemical
new
than
Chairman
and
uniformity
number of
insure
to
time
aeronautical and metals industries where precision control is essential to large-scale; production.It was pointed out that reconversion of all Honeywell plants was
$65,285
9_5,073
—— -—
Investments
Total
Instrument,
Brown
devices
new
first
1943
Inventories and tax stamps——I..'
Post-war
the
the
approximately
was
common
Earlier this
1944
V. 1945
banks.../—.
in
receivable
Accounts
of
some
on
for
controls
the
Joseph
of
,
practically completed and that current production levels were approximately 30%
above previous peacetime peaks.
The number, of
employees in all" plants and divisions is now about double 1939 levels,
Mr. Sweatt said, while-employment peaks will/.rise considerably above
current
levels
when
the
present
expansion
program
is . completed.
1
$28,539
automatic
controls including an electronic self-balancing
is .finding
*-
$34,102
- $1.0$
relying
product.*
new
•
'
__
now
used
1945
30,
/
■
,
Morris Plan Corp. of Amcricap—New
for
the
industries
many
.
277,750
1945,
30,
company
other
ex¬
industrial
2944.
Years Ended July 30—
~
2Jet
Division
Instrument
,
notes
June
at
source
loan
secured
are
.
including
engine temperature controls.
is
war
■
systems and Diesel
the company's Brown
Philadelphia,
panding
value'common
par
-
stock.—See
/
control system, and control systems for the railroad industry,
appointed transfer
Bank of Jersey City" has been
The First National
this
of
1945,
30,
$90,000
it will restrict the sale of
the U. S. Fish and Wildlifo
Service,
to
pest control operators. It will not be sold for use in
compounding rat. poison for household use, and Monsanto does not
at
any
time intend to make the material available to the general
public. *'.•■■■ ' •
*
'
'
- •
•
The company said this decision was made in light of the fact that
the
new
rodenticide is almost
entirely without identifying odor or
taste, and hence is extremely hazardous In the
hands of anyono
The
"1080,"
.
-
.
of
V.
June
At
Monsanto
1
new
products
which never before were available on
the consumer
Is "Vice President of the new unit,
r
■
market, Mr. Sweatt
said.
Among
these, are
new
heating
control
I The new corporation, incorporated in New York State, replaces the
systems
which .eliminate drafts and cold iloors in single .family
.Hunter Arms Co., the assets of which Marlin recently purchased. The
dwellings, sjstems of personalized heating controls for apartments
Fulton
plant is now in operation, producing the L. C.
("Elsie")
/.so that each apartmentvdweller may have control over-the amount
Smith over-and-under shotgun to complete the line of Marlin's shot¬
.* of heat delivered to his living space, a number of aeronautical control
guns and rifles.—V. 162, p. 2645.
'
systems including an electronic automatic pilot and cabin tehiperature
President of Marlin,
Kenna,
from
provisions
June
at
shares were reserved for
issuance
as
follows:
223,650 shares for conversion
of outstanding
5
7o
cumulative convertible preferred shares, and 54,100 shares for
options granted to .executives of the company.
The options expire
Oct. 22,
1953 but no holder may take more than 20%
of his pre¬
scribed number of shares within
each of the three years following
Oct. 22,
1943.
The original option price was adjusted in December
1944 by agreement with the option holders to $3
per share subject
to reduction upon issuance of common stock at less than that price.
—V. 162, p.- 3077.
" » ■
.
•
plant during the-war'years,
-
effect,
obligation
receivable
<B)
$3,500,000
company
"
the
Under
in
were
assumed
$247,200.
/
expansion; program involving additions to plants and
machinery-in four United States and Canadian cities was announced
on, Nov. 26 by this company.
Needed to handle expanding-sales in all
;
(Including1
by trust
property,
agreements with banka
totaling $811,000 and
by the mortgage and
pledge of various productions and other assets of Monogram Pictures
Corp,
(parent company)
owned by that company when
the agree¬
ments were made and thereafter to be
acquired, including the company's share of the revenue and collections to be derived from such
assets.
The
principal bank loan agreement was amended on Aug.
27, 1945 and it appears from the collateral provisions thereafter in
effect that the following assets of the parent company at June 30,
1945
are
mortgaged
and
pledged:
cash in
United States banks,
roundly, $61,800; cash and receivables in the United Kingdom, $43,600;
productions completed and in process, story rights, etc., $1,778,000.
All collections of film revenue are also pledged; the amount carried
,
'
studio
NOTES—(A)
the
as
Expand Four Factories—
to
on
that
di¬
production
accounts
$4,717,264.
appointment of
charge of all company activities in concontrols and will coordinate development,
operations
-
trade
payable in monthly instalments of varying
amount
to
Sept.
30,
1950,
$54,034;
contract
payable,
unsecured,
$33,000; deferred credit (domestic film rentals collected in advance),
a/89,785;
5*2cumulative
convertible
preferred stock of $10 par,
$994,000; common stock of $1 par, $500,000; capital surplus, $249,200;
earned
surplus
accumulated since June 29,
1940,
$437,269;
total,
in
be
by pledge of $500,000 ,U. S, Treasury certificates),
payable
and
sundry
accruals,
$323,430;
producers,
$102,905;
accrued
bonuses , and
com¬
officers and employees,. $224,634;
reserve for retroactive
(secured
increases, $93,006; reserve for Federal income taxes
for excess profits taxes), $240,000; notes secured
deeds
Chicago
industry.
gas
To
-
1
;
cost),
to* outside
wage
Vice President in charge of sales. Mr. McDonald
President in charge of Honeywell's aeronautical
aeronautical
with
the
to
A
give effect to any miscellaneous expenses which may be incurred
in connection with the proposed refinancing.—V.T62, p. 2819."
Marlin Firearms Co.—Forms New Division—
(at
$159,750
L.
W.
company's Minneapolis plants; Mr. Lockrae was Manager of the
controls department; Mr. Haines was Manager of the com¬
mercial controls department .and Mr. Lyford was in charge of sales
not
■
and
heating
maturity date of the-proposed bonds. *; Deductions 1 will amount to
$40,712, and will-;consist of $30,712 call premium on 'the'outstanding
bonds .end $10,000 discount on the sale of the hew bonds, resulting
in a net reduction in interest charges of $324,592.
This estimate does
t
Sweatt
banks
missions
..
B.
will assume direct responsibilities for those
supervised by C. B. Sweatt. Alfred M, Wilson, also
in
formerly
Wishart
Mr.
reduction ::of
1, 1953, the
gross
to
C.
the
the Portland & Rumford Fallssecurity for the collateral trust bonds./ !
stated to be a preliminary step to thp
will
charges
interest
in
....
elected
as
manufacturing> and sales
visions of the company.
proposed purchase of the properties of the Portland & Rumford Falls.
In'addition to the foregoing the applicant estimates that savings to
result
also
have
Marquart
F.
Vice
plant
necllon
as
Is
Sweatt said.
announcement stated,
in company management include the
President, .will
Vice
a
reduced
will be
debt
W.
been
activities
...
outstanding
the
to
owing
in
McDonald
controls
*
shares of stock of
19,741
released
$79,271), $322,067; deferred charges,
$136,899;
$15,225; goodwill, $1; total, $4,717,264.
of
rights
$475,000;
law practice, the
to
has
who
-
4.65*0.
act
Other changes
Thomas
using therefor the proceeds
of the sale of. the Portland & Ogdensburg bonds and additional funds
to be provided by the applicant.
?.
Inasmuch as the amount of bonds proposed t? be issued is $1,000,000
the sale thereof is exempt from the requirement of competitive bid¬
ding. The bonds are not listed on any exchange but applicant is in¬
formed that bids therefor from July 1943 to date have ranged from
12 to
98 of face value. -Arrangements
have been made to sell the
bonds to Adams & Peck, investment bankers, at 99 and Interest,
On
this basis the average annual cost of the proceeds will be ppproxi-
of
divisions
duties' of
the
return
v
at the earliest practicable date
redemption
establishment
company,
positions
new
to
company's
part
a
the
to
authority
of $2,000,000'of such bonds which were authorized to be
issued June 23, 1934.
They are callable upon 30 days' notice at 102and accrued interest.
The applicant proposes "to call the bonds for
are
this
of Executive Vice President, giving each
executive capacity with respect to any of the
or
activities. Mr. Huff will also continue as
Treasurer of the company-. •
....
.
■ "
•
James H. Binger was, elected Assistant Secretary and will
assume
Huff
&
1, 1959.
*
applicant has outstanding $1,535,600 of its
Ry, 6% collateral trust bonds, due Jan. 1,
Falls
RR.—Portland
Central
gas industry, Mr.
board of directors
The
part:
of
changes in the sales and production
Dec, 18 by Harold W. Sweatt, President.
are Paul B. Wishart,
in charge of factory
on
Presidents
Vice
new
to'the
gold
proceeds applied
the
collateral trust bonds, due Jan.
report of the Commission states in
The
and
interest
accrued
exceeding
mortgage
first
4Va'r
Ry.
not
issue
to
company
Ogdensburg
&
of
6%
redemption
Rumford Falls Ry.
?
authorized
14
Dec.
on
$1,000,000
announced
were
operations in-Minneapolis; Arthur H. Lockrae, in charge of the heating
controls department;
John E. Haines, in charge of the commercial
controls department, and C. D. Lyford, who will be in charge of sales
'
To Issue
depreciation
LIABILITIES—Obligations to banks secured as explained In note A
below motes payable, $811,000 and producers obligation assumed uporv
acquisition of interest In a production, $90,000), $901,000; notes payable
postsf and
executive
new
divisions
*
1, 1946..'
to Feb.
interest
accrued
and
$102
for
Four
franchise
Vice-Presidents
four
of
Election
it was announced Dec. 20.
The bonds will be paid at the
National Bank in, Portland, Me.
The call price will be
31,
Co.—Elects
,
.
Portland
First
Regulator
Vice Presidents—
$1,585,000 of its first series 6% bonds,
and due Jan. 1, 1959, will be issued by this company
redemption
for
in
Dec.
on
Minneapolis-Honeywell
Central RR.—To Redeem Bonds—-
Maine
A
3195
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4451
162
Supreme Court had found it '"contrary to
stockholders as long as unsatisfied creditor
162, p. 2820.
1634.
30, 1942, 1943, 1944 and 1945, we
shipped nearly $155,000,000 worth of war materiel. Some of the
major items are summarised as follows: For military tanks we shipped
/ over 1,750.000 bogie wheels and idler wheels/for military vehicles
we
shipped nearly 10,000,000 wheel and hub assemblies; for the U, S.
Army and Navy Ordnance Departments we supplied nearly 10,000,000
projectiles in sizes 75-MM and 3-inch; for Navy Ordnance we shipped
over
45,000,000
40-MM cartridge cases' and
nearly 500,000 rocket
bodies and motors; and for the Air Forces we shipped nearly 600,000
"Centrifuse" brake drums of our special design, and 156,000 aluminum
propeller domes.
In addition to these major items, we shipped bomb
parts, gun and cannon parts, and a great variety of miscellaneous
war
ended
years
June
.
Maxson
Food
Systems, Inc.—W. L.
Maxson Corp.
Monogram Pictures Corp.—Annual Report—
to
As of June 30,
1945 total current assets were $4,223,894 and current
liabilities were $2,381,025, leaving a net working capital of $1,842,869
as
compared with $880,929 the year before.
Organize and Finance Frozen Cooked Food Affiliate—
President of W. L. Maxson Corp., announced Dec. 27
Maxson Food Systems, Inc., and an underwriting
Eberstadt & Co. providing for public offering of
475,000
50-cent dividend
convertible preferred stock of
Maxson Food Systems, Inc., at $10 per share.
Proceeds of the financ¬
ing will be used for expansion of the new company, to which will be
W.
the
L.
Maxson,
of
formation
The management on Aug. 27, 1945 concluded negotiations with the
Security-First National Bank at Los Angeles, Califs for a substan¬
with F.
shares
of
agreement
transferred
the
business
the
Maxson
and
assets
the
of
Control of Maxson Food Systems, Inc.,
Corp.
division
food
present
which is revolving in form and expires on
Jan.
20,
1947.
The new credit
permits
direct borrowings by the
company
up to-a maximum of
$1,250,000 and additional loans to
producers releasing through the company,
under its guarantee up
to a peak of $400,000.
This credit is participated in by the Cali¬
fornia
Bank
of Los
Angeles, Calif., and the Guaranty-Trust Co.
tially
of
will remain
with the Maxson Corp.
Developed for use in Navy Air Transport during the war, the Maxson
•.food
embraces the production of frozen cooked foods quickly
defrosting and heating, in separate portions or plate,
development
contemplates expansion
into
other
transportation, hotels, restaurants and consumer channels-
system
available,
meals.
of
where
the
tant
and convenience of frozen cooked food is an impor¬
utility
•
The
.
.
'
'
'
stockholders
'
•
„
V
r
•
-
•
.
stock
no
par
on
the
on
York
New
19
approved
of
ten
share
amendment
new
outstanding.
the
articles
on
of
corporation)
Corp.'8
business
all
was
filed
with
William
J,
Executive
Cobb,
Vice
a Vice President since 1934,
President.—V. 162, p. 3070.
*
r
1
-
'
i-
has
been
•
bef.
Federal
has paid $1,266,666 in cash for all outstanding com¬
mon
and
preferred stock of the Foreman-Derrickson " Veneer Co:,' ofElizabeth dty/V N.' C.
This acquisition was announced by Alvin A.
Volt, President, Nov. 2, last.—(See V. 162, p. 2275; V. 162, p, J2645/)
*
Corp.—Hearing Jan.
^he
application - of the corporation for permission to sell, subject
competitive-b'dding, at least 84,000 shares-of the icommon stock
of ^Midland/Real-zation Co. will be considered at - a • SEC -hearing >on
>.
.
to
■
Jan.-4
land's
Middle
West-cyrren/ly.owns 167,95614 shares or: 27of Mid162/p, 3Q76. ~ '
' • *
A':.- ,
•
/• ,
common.—-V.
New
of
the
except
corporation),
York
directly
corporations
and
by
the
^kvertible
(a
New York
Pictures
Monogram
Monogram
formed to handle
Canada.
was
wholly
are
Northern
parent
owned
FOR YEARS
Federal
tax
New
which
Both of
Jersey,
corporation.
subsidiaries.
JUNE
ENDED
30
'
1944
$4,807,446
$4,300,626
taxes
401,765
546,835
236,603
"
1943
$177,823
1942
•
$2,567,187
163,749
369,012
$165,161
provision™;
profit
J
64,605
$2,186,092
202,104
45,000
the
care
to
the
of
The
and
we
in
truck
of
wheels,
Production
hubs
in position
business.
passenger
January,
car
1946,
capacity
wheel
we
brake
enjoy a
and
to
now
of
after
that
dividends____
"'After-* deduction
of
'
.
$99,l44-
$157,104
in
order to take
drums for military
much larger share
production has already started,
shall be up to our peacetime
division.
of
Duo-Therm
our
Division
resumed
been
has
ers
sale
tageous
be
be
will
Increased
commissions, and
could be
concentrated
011
made,
our
in
other
that
order
all of
our
energies could
lines.
agricultural and industrial implement wheel business has grown
so
rapidly that,even at the present time, we are producing at a rate
in excess of ou'r peacetime peak,
Business in our
railway equipment division is today running far
Our
in
of
excess
peacetime
our
agents'
j
peak.
YEARS ENDED JUNE 30
selling
1945
1945 v.
and
in
notes: receivable
banks
(less
and
on
$8,500
hand,. $584,541;
trade* accounts
reserve),: $332,894.;
receivable from
indebt¬
secure notes
payable—-contra), $500,000; post-war refund of excess profits tax,
estimated;, $36,516; cash surrender value of life insurance policies,
$10,227;- inventories, $2,696,613). cash, and receivables in the United
'Kiirgdom';-'(being*" realized currently in U. S. funds)
converted at
rapproximately - the/official exchange, rate, $43,617; advances to out:side\prodUc^rs bollectible only from film rentals (less $4,200 reserve),
$li;982; investments in and advances to Subsidiaries not c/msolidated,
$19,179; studio' land,.'^studio buildings » and equipment -; (after - reserve
officers
edness,
and
employees,
$7,503;
U.
S.
Treasury
after
renegot.
certificates of
-/at. cost substantially equal to market (pledged to
Federal
Net
income
44,514,106
39,445,821
4,700,000
6,068,911
4,097,000
5,068,285
3,200,061
1,971,911
1,868,224
1,014,902
taxes
48,950,749
42,881,838
930,327
$2.61
$2.33
50,286,623-
deducts, from inc..
6,904,767
taxes..
(net).:
profit
Dividends
,
Earnings per common share-
tAfter
3,614
57,191,390
before Federal
♦includes
-
V
123,273
2,204,767
Cost and other
Profit
1943
$
*454,671
—
income
Total
'
!
J56,736,719 448,827,476 144,510,493
adjustment
Miscellaneous income
(Including Wholly Owned Subsidiaries)
ASSETS—Cash
Sales,
1944
$
30,
a
through
INCOME ACCOUNT,
distributors'
at
Production of space heaters and water heat¬
November
and December,
until by
January, 1946, we shall be producing at a rate 50%
greater than
our peacetime peak.
We have firm orders on book at the present time
equal to one and one-half times our 1941 sales.
Effective May 31, 1945, we sold all assets of "our Southern plants,
with headquarters at Memphis,
Tenn., and with branch factories at
Kirkwood, Mo., and Jonesboro, Ark.
The profit and loss statement
reflects a gain of $342,485 on the.sale of our Southern properties.
With the growth of our other lines in Lansing, the directors felt it
wise to
dispose of our Southern plants at a time when an advan¬
rapidly accelerated rate.
22,681
CONSOLIDATED BALANCE SHEET, 'JUNE
wheel
This
new truck and implement
building in Lansing, Mich.
and
our
parts
resumption
shortly
a
shipping
and
are
truck
civilian
of
completed
we
increase
production
and
vehicles,
year
painting
us
commissions..^,.-.'...
; .;•*
company
Middle West
all
countries
York
New
(a
Greater
handled
ne.w
(The) Mengel Co.—Acquisition Completed—
This
handle
1945
the
appointed
1
in
'
Preferred
V
Corp.
income—
^
.
formed to
foreign
in
allowed
.
•"
•
-
CONSOLIDATED RESULTS
;
*Gross
,
Prof.
was
1945.—V. 162, p. 2820. '
was
formerly
above
the
.
incorporation
Dec. 22,
'
\
Curb
business
Distributing
Melville Shoe Corp.—Official Promoted—
.
cumulative
parts.
During
assembly,
throug«k Emanuel
issued,
5y2%
of
"
par
will
Net
as
company
shares
$10 per share)
and
this
stock
is listed on
Exchange.
The corporation has declared and
regular quarterly dividends on these shares.
the past year Monogram International Corp.
paid
proposal
a
$1
This
,
to
Secretary of State of Indiana
\
the
year
100,000
(par
metal
volume
"
Split-Up Approved.
Dec.
basis
share outstanding.
An
this
York,
the
'
to split-up the
shares in exchange
increase the number
<of common shares to 1,650,000. The new stock was admitted to dealings
•on the New York Curb Exchange on Dec.
26, 1945.
The 170,000 shares of $10 par 7% preferred stock were also split-up
■on
the basis of ten new $1 par shares in exchange for each $10 pag
each
of
New
stock
During
'
r
Mead Johnson & Co.—Stock
"Common
of
preferred
factor.
4
A
January
Co.
&
credit
bank
York.
New
In
upon
Peacetime
fields
for
of
-
larger
;
$342,485
completion
of
as-gain
•
on
renegotiation.
t
676,602
$2.21
Southern plants.
tBefore completion of renegotia-
sale
of
assets
of
Monday* December 31 si945
3196
but- 'aftejr». provision,, for,
tion,
basis
1943.;
as
yeuegotifitlon
,
.
New Englaiid Public Servioe Co.-rr.New Treasurer-^-
ton, ,»pp^oximfttely,^Sam^
I*.
/ y: //,..' '.'V-*
•*..
.
figuresshown tot the 1943 fiscal year are actual
amounts determlnedafter renegotiation.
Figures- for .1944 are before
*renegotiation,but $3,000,000 has been deducted from sales as a pro¬
vision 'for renegotiation.». In
addition, to this $3;0.00,000 deducted
from sates, for the .1944 fiscal yearr a total of $3,697,912 was returned
ds" voluntary price
■
BALANCE
SHEET,! JUNE.30,
1945
•
Mt.Vernon CarMfg. Co.—Sells Foundry—
K. Forier Col, JuC., bfelow.—V.' 162, p, 2821.'
:-
See H.
serve
.,
Nashua Mfg.Co., Nashua, N.
;lnc,, beiow.r—V. 162, p.
"
See Textrop,
,j $222,687.^"-;
$222,687 88,576„
1,660
,
Otherint. & deductions
—y,, 162,
.3'5'34,0b0
'.
$5,345,427
$304,990 !'
•'
•
-
,■
284,597
*
to-earned
.
,
369,548
to -earned surplus.1. -Such
suiplus.—V.;',162, P. 2,^49^;
New. York; Chicago ;Aj
PeriodEnd. Nov, 30—
Gross income
(The) National Supply Co. (& Subs.)—Earnings—
1945
1943
$
$
profits taxes__^_
Other, railway taxes^_t_^
"
1
107,048,655
96,179,329 100,390,255- 82,193,517
sales.
general expenseg^K—f
5,846,095
income from operations.-—
5.192,863
14,157,857
413,998
Selling and
.
'
4i454,693.
,,
Other income
Total
income
14,571,856. 21,552,828
—r—
.—
4,029,325
•in, the' interests of Nat'l-Defense
.Interest.
i..—^
^
600,lis
606,831
48,532
,
.
.128,685
558,164
.117,373
„
,.
1,384,217 r 1,446,478
.
V:,19l4^
.
\
187,500
7,063
i
-2,692
;
.
v
for. Fed//
:
.
8,240,000, .14,510,000
c
,13,430.000
,
; 300,000
.
>,
3,069,107
Consolidated: net .profit—
.
AVer,
^
'
.
/•
1,043.897*
8,260,798
,
3,867,307
-3,325,013
675,000;
r
«
t; i
-
for
; $679,8031, $7,585,798
;
.
"
^v
.
,
New York, New Havcn & Hartford IiR.—Seeks Gourt
,,
SI;;
''LIABILITIES—Accounts / payable, $4,842,942; accrued- taxes, wages,
interest; etev $3,971,548; reserve for Federal, State and'foreign taxes
income,-and Yeriegotifttiori of profits under the Federal Renegotiat¬
ion Act- (after U. S.
Treasury-tax-notes and■ accrued -interest of,
$6,792,375)/ '$5,937,079;f reserves for insurance," service, - adjustments •
and- miscellaneous, $846,511; post-war adjustments reserve, -$1,200,000;,5%% prior preferred stock (par $100)/ $22,640,400; 6% prior preferred,
stock I par $100), $6,468,700;. $2 10-year • preference stock (par $40),
$11,181,480; common stock
(par $10),
$11,549,2805 earned surplus,
$10,160,802; total, $78,798,743.—V. 162, p. 2647.
.
'
corporation.
stock
the" company was
Common
1st
the
—V.
3078.
p.
.
r
.
.
204, and appointed by former
estopped by legal action
11.514,218
Railway operating rev,'_
Railway operating exp,-
$
12.611,688
;
S
134,177,642 147.000.398
7,444,538
7,295,644
Railway
•
5.316,044
51,274.061
2,956,405;
37,974,336
<3,869,928
>
.<
Listed .among the achievements of the company
during the past
year are a, salary-increase to all except administrative employees of the
company, adoption of a sound pension plan, and improvements on the
plant and facilities amounting to more than $500,000.
Negotiations are now1 in progress between the Omaha Electric Com¬
mittee-ana
the
Omaha
Public Power
District
for
the
transfer
of
Equip,
Cr713,105
(net)——
(net)-l
rents
Net
2>rl7,235
,
:
1,809.147
inc.—
oper,
ry.
2.095,784
•
Other: income
property.
Recently the Omaha Electric Committee offered to transfer
ownership tof the common stock to the Power Commission,
According
Maenner, the transfer to the Omaha Public Power District
will maker poss'ble
a
saving to the people served by the Nebrask
Power
Co.
of
more
than
$3,000,000 per year.—V.162,
p.
Gross
245,069:
.
/ 596,784
-
23,674;928
.
6,321,139
21,913,148
2,642,975
income
2,054,217;
funded
Interest on
; debt
2,692,568/
.
173,910
176,136
24,536,123: ^29,996,067
v 1,933,088* 1,937,497
.
'
(Approp.).
'. Misc.
.of
13,439,684
■above
-
kwh.
production
year ago.
Gas output
of
an
13,344,612
increase
kwh. "for
-
for
the Dec.
.
2,516,432-
,22,623,034
,
28,058,570
;
77,523
—
appropriations-'—
777,283
49.615
,
615,000
1,550,000.
;
580/702
21
week
is
of
*
Balance bf
income-
1,802,7.84"
„
i;85i,817
20,295,751
20,137,868
—y. 102, p, 2822.;
Northern States Power
Electric
output
of
iCo. (Del.)—Weekly: Output—
this * company for' the
week" ended Dec.
1.5,
1945,
'totaled-
P0.1P.5.000Lk-vh., as compared, with- 47.895.000-kwh.; for the
corresponding week-last year,-a decrease of ;4.7%
Vr 162/ p. 2950.,
*
95,072
the
kwh., or 0.71%
corresponding week a
at 187,736,000
cu.
ft.,
«!f«ease °* 23,739,000 cu. ft. or 14.47% above production of 163,-
697,000. cu. ft. in .the corresponding week
a
year ago.—V.
162, - p. 3078/
3,533,183^. *2;97i;271 457,823
441.137.
•
..
*
-
28.563*
110,098 *
40,429
-•
*113,012
16.846
29,240;
" " /.'• 11,964,745
accounts. _>Z_ZZZZ«
10,7.76,229
"
!
,15,006.
15.006
110,263
•
9,42.4,594
8,279,156
$67,591,922 $65,745,216
(The) Oliwer. Corp.—Develops New Plow—
.
.
'
The corporation has developed a new .type. plow .which, ,it..ls. believed/
considerable impact upon the farm economy;of. the nation,
Alya. W^ Phe1 ps, -President/ announced on Dec. 10. The plow/ he said.
wiU enable-farmers to^rejuvenate their
land, protect it against erosion
and-increase production with -the same, or less, expenditure .in-mahpower and
-
efiort.—rV.'161,;
O'Sulllvan
Rubber
1357.
p.
.*
Z
Corp.—Securities
*
,
Offered—C.
"
F/
Cassell & Co., Charlottesville, Va., on Dec. 27 offered
6,000 shares of 5%, cumulative preferred stock (par $100)
:
and
of
*
30,000 shares of
share
one
stock (no-par) in units
and 5 shares of common at,
common
of preferred
$128.50 per Unit, plus preferred divs. from Jan. J. In ad¬
dition 18,000 shares of common stock were offered sep¬
Pabst Brewing Co^ .Milwaukee—Acquisition—
/
-
Harris Perlstein, President, on Dec. 19, announced that this company
^has purchased the Hoffman Beverage Co.'of Newark, N. J.
He, said
the
i
Hoffman
which
plant,
includes
Newark
plant
cations,"
Rudolf
one
soft drinks are manufactured, and bottled
brewery, would he developed. t<v make. the.
Pabst's "most important; manufacturing lo*
where
a
of
.
■„
.
■'/
.
Pabst; who *hassheen "a*member of the 'Pabst 'board of
will, be the.new. President of..Hoffman,, succeeding .William
jG. Hoffman.—V. 1 i4, p. 530, .,"
*
i.
:
-
directors,
-
Pacific Coast Aggregates, Inc.4-Registers with
SEC—
The company. has( registered with the Ban' Francisco regional office
the. SEC' 15,000 -shares-of -new cumulative convertible- prefei;red
stbek, The prlce.will .be supplied by amendment,.
/
■
«.
Stockholders were to- meet Dec, 28, to authorize a 4%% issue,• of
/which the'registered* amount: "would" represent half. 'Underwriting .of;,
; the issue 'is,by Blyth .& Co.
ahd Schwahacher
Co,, The. company >
plans to use tbb.proceeds of,bround $1,500,000 for plant construction"
and equipment:—V, 162, p. 3079.
,
;•
'
0/
i
,
of
n
<
,
.
,
.
.,
Electrjq Co.—Sale of Bonds: Privately
Approved—The company has been authorized " by the
California Railroad Commission to sell $13,000j)00. series.
O 3% first and refunding mortgage bonds, due -Dec. 1,
Z1975 to Crocker First National Bank of San - Francisco.
.Crocker First National is-trustee of the company's-pen¬
sion fund.
Proceeds from sale of the bonds at 100 will
be used to reimburse company's treasury for capital ex¬
(Wis.I—Partial Redemption
&
.
penditures.—'V. 162, p. 3079;
The company has called for redemption' bn .Feb. .1,
1948, through
operat'on of the sinking fund. $175,000 of first mortgage 3®/a% bonds,,
March
aue
l,
1964.
First
-the
Chase
N.
162,
at
105%- and
Wisconsin
Nat'onal
York,
Y.,
Bank
at
or
Trust
of
the
the
interest."
Payment
w'll
be
Harris
Trust
&
former
Dee.
E.
Savings Bank ' Chicago,
15.
Pis
.now-General
Airlines, Inc.—Official Resign^—
Gardner,
director
of
Vice-President
the
dntfe"
company, has
will be avumei
Operations.Manager.-*-y.
in
1
operations and a
position effective
W. Fiske Marshall, Who is
162/* p. 2822., — *
*..'-,
charge
resigned
Of
his
Pacific Tin Consolidated
made
Co.,
trustee,' M'lwaukee,
Wis.,
at
City of New York, 11 Broad. (Street,
990.
p.
Northwest
George
reported
-
,
Northern States Power Co.
111.—V.
•
,
90.900
513r093
•1,241,273
7,340,000.
21, the Association reports electric output
This. is
„
uncollectible
Pacific Gas
New
New J&ngrland Gas & Electric Assn.—Output—
ended Dec;
1,880,307.
——w_-
Sinking and Res* Funds
The
For the week
income *
Net
at
1516.
reserves'
for
•
-
*
the
to rMr,
;4QiOoeZ
(
540,246'
-1,331:524
will have a
47,974,371
13,299,725
16/589,287
Cr659,098 Cr8,814,040 Cr7.316,896
i
Dr9,429
Dr200,617
Dr231^55
Commis¬
Seeking to securer their consent" to the refinancing. of the pre¬
stock..
The Nebraska
State
Railway Commission' granted its
consent, but the refinancing plan has been* held up pending a decision
by the-Federal Power Commission. -
4,954,000
"
IZZ-Z
.J^.^^ZZZZ-ZZ^-ir
.-ZZZZZ
accrue^ liabiIiUes_^Z_ZZZ_ZZ'
Total
64,563*658
1,113.277,. /1.446,116
.
Joint; fac; rents
sion
ferred
T",
/_^„/.v.;Z
-
'
.JWIOO
.
.3,933,000
-V, 162, p> 3078,
;
inc,^*—;
oper,
"
.
,
Power
w—I
'
13.000,000
; *
*
deposits
9,303,900
>
17,865,000
____
,
,
Railway
,
Railway Commission and the Federal
1961
($9,900,000'
'
82,903,581 -J 82,436,740
4.069,682
bp. .rev.__.—
tr.x accruals^-*
ry.
•
State
9)303,900
: I
9/00a:
Earned surplus—
.and
Net
the past year, according to. Mr. Maenner.
legislature Tepealed all power laws pertaining
to Omaha, and provided the machinery for the. creation of the. Omaha
Public Foiyer District. With the assistance of the Omaha Electric Com¬
mittee'this mew Power District, was set up and members appointed by
Nebraska
series due
Other-reserves'*
was
.
$9,000,000
620,260 shores-^MU^i*
series A—---,
stock,.
1947'
Reserves
V
1945-r-ll M6s.^-rl944
$!■.$..
power- situation during
The 1945-session of the
•
($15 pay),
preferred
Unamortized premium on debt,- less expenses^.-i.-1
Customers' advances-for eonstruction
•
1945r-Month—1944
Period End Nov, 30
acquiring the property.
"The puchase by our group a year ago," according to Mr. Maenner,
"Vdll make poss ble a-transfer to. the Omaha Public-Power District
of the Nebraska Power properties for $2,158,000 less than if the pur¬
chase were-to* be Consummated today."*
Plight Griswold.
434,137
;
arately at $6 per shared—V; 162, p^ 2648.
Omaha
Changes' in the personnel of the Oniaha 'City Coqncil caused "a
repeal of all unfavorable actions by the city, and smoothed the transferi;of the-utility to a Public Agency:
■
An-effort was made by the .company to refinance' the
$7 452,000
of preforred stock in the company," and
hearings were held, before the
46,728
103/252
-
'370,888
■.
403.373'
*
Norfolk & Western Ry.—Earnings—
from
Gov.
796,819
'
*
$6.7^591,9,22 $6.5,745,216
Taxes*-accrued
Interest accrued"
•
listing.
!
-
-
•
mortgage bonds, 2%%
to
Additional Common
1 •!
v.\! V",
''
making a total of 1,581,256 shares authorized for
1945,
162,
562,961
165,513
120,422
*
V
'
(
pursuant to a split-up. on the basis of. four shares for one to
be" distributed on Dec.' 28, 1945, io common stockholders; of record
Committee, Inc., a non-profit corporation, on Dec. 26, 1944,
from American Power & Light Co. for. $14,467,012, after the Peoples *
The tale of the. property hasr precipated many changes in the Omaha
on
Customers1
Exchange has authorized the listing of 1,109,019
(no par) common stock on official notice of the
Electric
Pptver, Commission, created under L. B.
Mayor Butler and Governor Griswold,
stock
Retirement
issuance
: Dec. 21.
'
"«
Accounts- payable
,
-1® .will- be "dining/
^
-
..(average''cost)^__"Lj..__Z/Z_^ZZ-
1,109,762
16,188
.
19,184
905,321
loans, payable*.serially to*i94fiv
Property purchase 'obiigation; payable. serially
carif: is, expected to-begin
..
v
Newberry Co.—Listing of
''
■■ !■ ;r ."
*'' \-.;j ;
shares
1,161,184*
Bank-
The New York Stock
Surplus Dur¬
purchased bv
2$47.
stock— '*■' '■
'
of
p.
' "
c
'
be- accepted
delivery of ' the
time next fall."-T-V. .162,
some
(J. J.)
.
fhis company will end its first year of operation under ownership
by the Omaha: Electric Committee; Inc.,- with a net to earned surplus
of approximately $661,000, according to T. H. Maenner, President of
common
*
v.
in .storage
;i26;985
*
■
Premium
*
remainder will consist of several
Bids forw
as soon as the Qourt
The
-
will
fleet
'
ing Operation Under Non-Profit Ownership—r-
The
the
of
approved, and
petition: is
.
additional
the latter
■;
.LIABILITIES—•
parior'and observation .cars;'
ulta-modern, lounge,
construction
the
grill cars.
15 vriU be
and
cars
types of
.
"
'
126,978
.investment5.v_J__^_:__/._j^^_^_„
.
.
..
w'ijLbe-.coaches,
cars
$3.44
*'*1/094,052/ /1,101,381'
J' *
22,373
25,849
Preferred, stock ($50; par) - series 'A;-4Jfr
company,
hundred -of; the-new
"One
,
31
"
securttieati-ti_l,L*.w_v4/.Ci
,:/.Totatv.Z-.Z--,Z.
•
21
has petitioned, the -Fed-eral" District Gourt at New
Haven, Conn.,; for. authority, .to. purchase 180 modern, Streamlined,
air'-conditioned passenger cars*. "These' will cost approximately $13,-/
500,000," Mr. Palmer said, "and the number ordered is sufficient to.
completely re-equip all the -New Haven's regular Shore Line expresses'
between-New- York- and Boston,
its Boston-Washington and, Philadelphia. runs via the Hell Gate Bridge route; and several New York-;
Springfield/ Mass., schedules.
%
that, the
$3.50
-
Government
.'Deferred, .debits...-
;;
,,
.
"
on
Nebraska Power Co.—-Increases Earned
;
AUG.
BALANCE SHEET,
'
'
">
"" 'J
:
1944 '
r1945
Property, plant,"pipe"lines and equlpmeht»___l $57,103,666 $35,561,366
other- intangible - assets--—
5,939,3.79
5,939,379
Gas
.
v
.present regulations—at" not-more-than-cost, - $544/694;-advances to
^employees, $6,466; mis, notes; deposits, etc., at not mote than .cost,.
$392,504; fixed < assets (after reserve for depreciation ,of $15,138,736),
'$16,413,707; .facilities acquired in interest of national defense; during.
(after amortization ^hereon of; $2,611,035),
484,071; deferred charges, $273,642; total, $78,798,743/ ,
:
;
'
and accounts: receivabie/_J:_IZ_IS22ZI2_
Materials- and. supplies___/
.$6,573,111
.189449.
.163,140.
.
: V".
Other Current and
reiihbufsabie' by Government, • $422,030-; capital
>Engineering Co., Ltd. (50^ interest) at cost, $447,754;. common stock
'.of Fretz-Moon Tube Co., Inc. (.50% interest) at cost, $447,000; assets
in Canada, and England subject, to foreign .exchange .restrictions under
the. emergency^period
COMPARATIVE'
/ ASSETS-)—
,
$2,173,786, $1,976,022
620,260* .574,068
S74 Okfi
*
period.
Special,"'.deposits-:
Authority to Buy 180 Passenger Cars-—
;
" !
; ■
i:K mftfa'tiSt'St P^lm^^^te^-flh^Pr^idehi:, aihnbiuiced oii* Ded.
stock .of Oil-. Well.
in ventories.$32,533,681;
surpius_!_L!r?-^_
"Cash
,
.
.
$12,613,942; notes and /accounts. receiyable- (after
doubtful ■ notes and accounts, of $919,619), $13,219,252;,
,
;
stock^and
Common shares; during
commpn ,share__^_/_
Notes
/ $582,399
,
ASSETS-^Cash,
reserve
of
per
Other
"
1945
for commoh"
numher
1.72,188
.
.
.Z--
♦
803,816.
t.,
$2,500,498
■427,500
($50•
U. ,'S.
;6,573,111
/
680,514
?
V
11 ^
:
/.
preferred.l;^/.,.^.!,^^
Organization e'xpense-
3,746.7644,099.483
12.456.914 f 10.442,892
t; 679,803,;
$3,311,75 i
$2,601,286
Franchises and
*
CONSOLIDATED BALANCE SHEET, SEPT. 30,
Pfeferred
Baiaiice
Tlie company has.^ decided to: postpone- action on its bohd\refu&ding
■whereby it had planned to retire its outstanding) 4% bonds and^ other
.obligations with proceeds.from, sale of a new; 31A% issue; This became.
known r when Halsey, Stuart & Cow Inc,;i. and Hayden, tStone- Ic-Co., as Joint managers of .the/inYestmen); banking group that bad been ,selected
tor underwrite, the .'new1, jssite, ' s,ent * tbe^foUqwing :teiegramr"t0' their /
group-'members:/"New-York. Pock. Co.v has advised us' it is not now.
practicable to; complete the; requ'red /documents- relating>,toi.the pro-'
posed issue of first mortgage 31/?%-,bonds, and to; carry out .the related;
procedures in time- for- a'public-offering thla mairth. In,-view of. this
and particularly since; the : present ,4%; ..bonds- may. be ;called"ionly .On t
an, interest, payment--date, ,the- proposed; refinancing ? is-/.being
post-*'
poned,"—V, 162,'p, 3078, ; ? 'i *..
.
,
'
•' il
i
73,304
;
,
.«.
State*! and; foreign
■■■j income
and excess ;pro£its- taxes
and ren^otiation- of profits-^^—;
Prpv...for. postrwar, adjustments.-^-
83,333
.
■
>
,
$5,50 convertible prior
..
/
1,506848
25/711
.
-
'.^7.437
$3;304,315
.
17,461,000
New York Dock Cq.-4-]p6stpbnes Refunding—r
..
.Misc.; deductions
Prpv.
■
v
2,952,009
t,643,394. ; 1,753,964
$3,304,591
Prepayments■.
;
v
(other than income -ami excess proilts- taxes)
Loss on dispose of ^capital assets^-:Prov.vfor retirement. annuities—
approp.
Balance to .surplus.^.
—V, 162, p. 3078. ;
;
■
.
1,091,004
1,025,682
Taxes
,
.
j, 372,512
902,100:
665,732 ■.
2,698^000 J
$3,281,801
•'."Preferred;-series:A
,20,650,754
-Provision for depreciation-— —.-v—iProv. for amort, on. iacil. acquired.
.
21,326,601 ,20,400,445
.226,227.
250,310
: 293,849
Net oper.- income.,.-i
Net' dncome^.^
■;
Skjg. fds. As oth.
Net
■
1;531,000 Cr6,964,709
,
■
.
pjsof., taxes
,1*22,790
■
1
St, Louis RR.^—Earnings—
.,
exc.
Preferred stock .dividend, requirements:
Federal income and axcess
lW-Tf.'
<
6,759,878
5^533,157
- 580,685
'". 459,311
'-950,506..
903,715
Net income
1945—-Month—1944
-i945—11 Mos.—^1944 ■
$5,753,917 !' $6,141,732 $80,153,718 $92,260,877
;
'
'1945
.•
$15,t»-M*,d48;/$i4„.u^^88
Income- deductions
_
.to^.CUStoroers—2^1^- 116,183,281 126,909,719
Net. sales
Cost of
1944
$
30-3-
.
*
^
Utility operating ^'income;!. 11;.
Other, income!
amount has beeii credited ;
1
;
V 'I'i
'/
,
Retirpnaent rreserye
,
*
$1,612,899, $1,213,034
.
-
9 Mos. End. Sept.
r
.
"
Earnings
"
;l,397;064
:
•;! Gross - income'
531,621
•
,
pointed^ trustee 'for
Dec.
;&99,038.
$1,982,447; $1,744,655
amounts -described-a$- '^charges
mentioned charges
,
pklahomV.^atuBab;Ga^,Co!^Anbuai;''Report-^'
.
Trust Co.; New York,
N; ;Y., has beed ap¬
ah t issue pi • $50,000,000' 2%%' debentures,' dated
T, 1945,-iuid'due-Dec; l, 1970.-See offering in V. T62, p.-3077. •
/
Federal and State Jnc, 'and. Fed.
in lieu of income-'taxes,*v repre- ;
senting the estimated reduction in such taxes resulting" from the afore¬
Nstionai Dairy Products Corp.-^Trustee Appointed—
j,
-Tapes
,
,
/-The* Manufacturers
83,500i /
Maintenance
1
.
1,835,665
redeemed,-which charges are. proper deductions 1n fhe-year 1944
for Federal and State; income- .tax
pufpeses.-" ,' Accordingly .there' has
been included as an operating, revenue deduetion- iu the above state¬
ment,
;•
"..Operation,;.
-
$3,864,917
128,644./: I,ib7i569'
r'.5,167 ;, .255,411,
bonds
.
,2950.-...;
,
the redemption of bonds charges were iftade. to,
the aggregate airtouht' of $1,589,60t-^presenting,
discount; and expense; 'and call :premium '.on the'
in
debt
p.
Year$ Ended Adg.*31— 4-'
Operating revenues
;
connection' with
surplus
»
,
$304,990 < $3,345,427,
v
——i——
uhamortized,
$7,231,769
$,854,788
-
3,034,951-
$189,863 .-V$213;755' ,$2,571,297 .Sl.mbl6
" '
,
$3,862,544
.,2,373
,
Balance
$6,605,287
,
;;$297^255^$3,570,336 ;$3,3.76!$eo.
80,5?8
.
Balance;
•,3,53&&QP
,
$132,451 V" $171,17.9
to pfd. stock foAperiod--—-
iriconie
$528,872
231,618
;
;Net:ihcome
,
■
Net
.264,478
3,10r/;645'.
••
mtge. bonds—.
Dividends applic.
$534,879
14,402/244
C^Q,OOO 11,207,000
"O.
#94,§0p;
v.,
income
Gross
Int. on
H—Control Acquired—
,204d.
; ' /
;
.
6,520,103
25i7tl.>: -.3,184,891
,
-
re-'
Netoper/ revenues__T
Other: income (het).___
;
•
retirement
,
^appropriation^V
earned:
y
,
421,498
260,710
:
Property
.
""In
c
.
Gross ' income
-Int. &c„ deductions—,
"Charges in lieu, of, inc.
deducting U. S. Treasury
tax notesHo be applied in payment of $4,782,492), none; reserves for
workmen's
compensation
insurance/ $50,000;
reserves - for
post-war
reconversion of plants, $300,000;-common stock- (par value $5 a share),
$4,228/760; i capital, surplus, $4,310,784; earaed surplus-^-since Dec. *31,
1933; $8;i28,719? total; $20,756;314.-^V; 162, p. 3077,
>
;
.
455,974-
_.
income—-estimated "(after
taxes;on
Inc^Earnings
1945—Month-^-i944,: 1945—12 Mos.v-1944
$2,471,788 $2,476,042 $30,350,239 $30,349,719
1,23'?.:917 e jt,197,343 r J 3,775,818, 14,136,286
period End. Nov. 30-—,
Operating .revenues
Operating; expenses
Federal
taxes '
'Other"' "taxes- *
i'A^®TSr-^ash! $7,312,382{"'U. S.'Treasury tax notes, less amount
/Applied against income tax liability,>$219,551; trade accounts receiv¬
able.; <after - reseiwe
of
$88,324);^$2,587,417; - claims' arising ; under
'■terminated.1 war° contracts $275,173; ■ accounts- receivable for plant,
facilities uhder war.contracts,. $575,878; refundable portion'of Federal
v'excess, prof its taxes lor. prior years, *$524,893;' inventories—at lower of
Average-'cost tor -market, $3,93.>',42Cf; • investments and other assets,
$60,460;. property,- plain -anti equipment (after reserves for depreciation
and amortisation of. $4,342,010), $5,183,642; deferred'charges, $83,498;
-total,-..'$20,756,314;- '
1
■<■-; *.V
•' • > t*-'
LIABILlTIES-*Trade
accounts payable,
$1,892,584;
provision for
-renegotiation ^adjustments- • for the years ended June 30, 1944, and
:june 30," 1945',' $982,3681 payrolls and,payroll -taxes, $601,939; capital;
-stock -taX;' property;' taxes, 'and ' iniscellaneuos .liabilities, '$261,161;
-Federal
:1945^r-Month^-1944
1945—12 Mos.—1944
Gross, revenue!
.,$2^87,5/184
$3,Q7i,82l;$35,829,033.$3S,338;9Ol
Operating expenses
1,228*251■. ,l,24i;262T; 14;640,842 v. 13,526,'840
Dqp.reg;, ■?&; .qmortkU-i.1?:
.34/0/997339,822
4,090.789
4/069,218
Provision for taxes—771,055
.961,865.10^92,115. 10,511)073
.4
,
•New Orleans Public Service
'
•
(&~ Sub. 1—-Earnings—;-
period Entt Nov, 30—;
,
adjustments on . war contracts during; the year.
\.V Z
Ohio- Edison. Ct>;
-
Hamilton, Assistant Treasurer, has 'been elected Treasurer,»
E,
; Hqrry;
W NOTE^The
\
Corp.—Jap Damage—
G. W. Coffey, President,
tpe condition of the company's mining properties and
equipment < in the Federated Malay States,
Of the company's five
dredges, Mr. Coffey says, four are now afloat and not very seriously
-damaged.
The fifth is more serlouslv' damaged •*«»♦•, >>n ^e" repaired.'
The. two Diesel electric power stations' Vrere rather badly damaged ,
and
stocks- of repair parts
and supplies extcs-'ve'". looted.
It; is
expected that. electric power for the resumption of' operations, can he
purchased from local power, companies.
.s
'
Mr.-Coffev-says: "Provided transportation, local power company and
-other peacetime facilities in Malaya are -restored without'undue- delay,
In
a
reports
letter to the stockholders on Dec. 7,
on
!
-
,
THECOMMERCIAIi&FINANCIAECHRONICtE
V6ljlrtie: 16.2: - Number :4451
•
Within "a month."
;
,
•
•/:'.
,\,
;
„■
.
a:
,
-
of tin-metal at presenUare critically^ short,". Mr. ]
wndwgood market for, tin ■is;.too be expected, over-the
"Worlds supplies
j
Coffey adds;
next few years.'^Accordingly,,.the..Jnatnageinent/plsns >tO' expedite the '
rehabilitation of ?. the '.properties/./ to/.theextentl that - circumstances .
permiV'r-V. ;i6U P..2431, ..
....
i .
»
•
..
.
.
~:y/-
-
iiMs'.thought .that mining operations" with? two -dredges dan' foe "resumed
.BAI,ance:^'pmr;:&*?}
j:.
.
;>r •;
•
-
Pennsylvania Kit—Definitive^-Bonds Ready--' r,
■'
-
V
\
-Definitive general, mortgage' series F;3'/a^» (bonds due Jan. 1,' 1985,
now
available at the1-office of tlie company -upom.surrender, of
to/ be filed .under
terminated poptractsV$416,903;, inventories; $4,961,729; post-war refund ; -tempora17 .bondS.7fV. 162, p, 2823,
;
; .•
> - .. .
of excess profits; t-axep (est.)^ $425,000; estimated refunds Of1 Federal t
t Pere
taxes on* income pnder carry-back-provisions of Internal Revenue Code, ;
Marquette Ry.^—Earnings—
;
'''x » '
less .provision-for additipnal taxes for such years,' $1,4'60;000;
plant
1945—^Month—19441
^ 1945—11 Mos.—1944'
Period End. Nov. 30-and equipment, at cost (after- allowance for -depreciation .and amorGross income—.—i—--'
$3,611,179 • $4,390,238" $47,990,478 $52,171,612
tization
of
$1,772,932), $2,940,452; prepaid insurance,
taxes, etc.,
Fed. and Canad. income-*
$195,512; patents, at cost ^less- $60,022 aliowahce for amortization), ,
and exc. profits taxes •
120,138 Crl,341,743 ^4,588,053
Crl3,199
$407,540; total,. $13,577.,627..
' .y y
J"./ J
; y :
i. Other*
railway * taxes**,
208,301
2,465,592
201,352
2,450-344
LIABILITIES—Notes payable, under. Regulation V-Loan, $3,4003)00;
1
Net oper. income—.—- *
-:35ft,748
^385,722 --3,662,771
*4,654/519
accounts payable,.;trade," $840,082; .accrued payroirr $466,230; accrued
Net income:
1246,500.
.223,337
2.761,409
2,188,647
.taxes, other, than. Federal, taxes on income, $314,305; other, accounts;
Skg;- fds. &r oth. approp;
41,667
—4-/7
.379,000
J. mJ*•
pay able.'and accrued expenses;! $222,439; provision for renegotiation
-yr
refund,ior ,the year'ended 3une .30,. 1943, $1,212,683; mortgage payments
Balance - to* surplus-*
.$204,833. -; $223,337;
$1,813,847; $2,761j409
due within ohe year, $131;854;v mortgage payable, 4^% , finai maturity'
r>
^y., 162, p. 2623.>y
"March .1, 1953/ $518,146;;reserye fof contingencies, $550,000; convertible
preferred stock, $1 • cumulative (par', $20), $400,000; common stock ;'
Pet Milk Co; (&> Subs.)—Earnings—
"(par* <1)7 $322,885;: capital "Surplus; $1,374,026; earned surplus, $3,-
ok hand, $983,051;
ASSET^-rRemand deposit? in, banks and .cash
accounts
receivable; $1,787,439; claims filed or
•>
•
tare
v
.
.
.
.
.
^Packard Motor €iir Cd.~New:
jesee
Col.
:
Director
*
.
'
;
,
G.
Vincent," 65, Vice-President in 'charge ofengineering '
since.iyj5,' has "been electedVto; thfe 4to»$d. of. directors h*. succeed |the ;
late Truman H. Newberry,-who: died l4st Get.'"J
Aiter serving as director, •
sinte the company's incorporation ih 1^03.—V, I62>'p. 2518.
^
-*
.
"
.
,s
,
PalaeeClothlngr Co.- of+Toi»eka, ;Inci—Preferred Stock :
Offered^Bauttii -Beitoheimetf Oof; Kansais Cit^,; Mo.,} re- :
2
ce^tly. offered 2,000!: shares. Qjf;S.%;..ium'ijil|rtivfe'.i>i,efe^ed
:
stock at par ; ($100) anddividend.
I ; :
;
-Transfer Agept-:--<30mmerce'Trust Co.1, Kansas; Cityi Mo.:
;
PURPOSE^Prom
the balance due'
tfew
p*o«4eds " Of
;
■
.
issue, the -company
the
will
.
824,977; total,
-
pay
-
.
::
?a. Special"^Stockholders';.meeting." held
At
•
j
"
—;
:
'!
i" ?'-/■• *•-'.*<■■ "•'»
6%>; cumulative preferred stock <$100
srock
($1Q0
-<200,000
'
™
to
$1,997,041
$1,815,146
:
7,10,932
$3,214,715 $2,257,815
;1 ■ i,3i4' H v 21,380
-*_*
Other
Total
the-company^.
■
,
.
r was* .incorporated: in' '.Kansas.
,;*to holders- of recbrd -at the: close of. business
20, 4940. .Of the 1,015 shares pf common,rstock. issued -and out'.p,"3079;.-"
:■
-V-../. VL .y-,:.
standing, approximately ; 74,#r is ..owned, by*,the- -parent 'company and;
f;the.balance by. the managementof .the:,company; who-are also.principal"'
income-
Interest
y Loss
""
-i'
71,418
(net) ***-4***
$1,826,078 .$$,998^(69
7,800^2,410
$2,279,195
$3,216,029.
2,853
disiiosal of ..cap„™_j™__
on
ltal
„■
T4.71^,874
assets
f*Fedcral taxes:
The distribution effecting the split-up'will he made on jan, 15,! 1946,
on Dec. 26^ 1945.—V. 162, f
;\
HISTORY AND; BUSINESS-r-Company
Vj
:
'
101,500
150,000,
*,
expenses
! Operating profit
income-T.-*!
•'
•
shares; tor each^ share ^registered' in "th'elr1 names Mi of the' date of-the
Outsfdg. ^ -.meetings* .Stockholders 'aisb« apprevjed-* certain additions1 to the ^by¬
laws, having to dw-%ith the relationship (^ jthe;: directors and officers
<200,000
«^.&iaho:rtaed.
par)
par)**™™**™™.;™™™
and
*
jto/,Present)Financing)'
Comhiou
Sept.* 30—*
sales -—_>—_i*j,
Costs
the' Stockholders
26,
Dec.
"3 Mos: End.
Net
approved- a 'thi-fee-for-onfe split- in Ahe stock-and-ah; increase lh the
authorized shares from 3,000,000 to. 9,00o,pOO, ' At the -earliest possible
date -new-certificates Will be, mailed to stockholders for two. additional
-
.
'•••
^
1942
:1945" 1944*
1943
$35,750,017-$28,535,175 $22(149,648-$20T144;858
32,235,578
26,005,425
20,098,045
17,924,339
Depritoiatloh *^**7**^'*
299,724
: 271,936
f 236.W77 ^
'
.
.
Split-Up Approved^ ***'■■'
Peimejr
V.i
<71,000'will >fee-added taiwoi4cing>'capitaf.'
.
$13v577,627.^--Vv 161, p, 466.
•
ot.app«oxtfiiratolf »<129,(H)0 ier the Merchandise "lnv.en- *
tory, fixtures, -ei^ipment.'andViota^f- property in its'store .at-Topeka, '
iKan.^ which, it, acquired as; of Get.;
1945, ;irom; tts parent.- Palace J
Clothing: Co.. '{tit Kansris :C!lit3^ -iMo.'>.k;iThe''tbalanCe. -of-Approximately
i
.
.
r
v'
•
.
-
Minority
.
,f
interest
2,602,725
V.."
.
11,199
.
.
1,552,608
l,?71;32oy
1,773,800
373.
,t
556
752
.983
•
-
,
business - formerly^ conducted • there -s by-, the parent - company.;
at-which the company .maintains its .principal executive',
oifices,- is a four-story.and basement fireproof steel and concrete;
structure located at 709-11 Kansas Aye. in the heart of the downtown.,
"
*.-
The
shopping district hf Topeka, -Kan.
Topeka
location
The
-
and
handling,
of
better
apparel.
replaced
-7
•
'
-
.
and
a-line
of
military
rapidly'
being
now
eies.—V.
with
civilian
merchandise.
Nationally * advertised
quality
include Kuppenheimer and. Michaels-Stern men's
clothing, Dobbs
lines
hats,
shirts, Florsheim shoes, 1. Miller and Shenanigan,
McGregor sportswear,
Beau
Brummel
and
Resilio
and others,
: -v
V
shoes,..
four
y;.;T
Sales*™*
Net'sales, owned departments™.
of
.Gross'
.
goods
sold™
profit/from, sales.
Opera ting expenses
1
Profit
from
:i™^.;..
^ -y '
'
_
.
.
Provision: for .Federal income
taxes,
estimated_I.^_,.™_i.
'>!■■
transferred, to
.
.
surplus*
ftAF^'"~r"^'ask,' ^110,158; U. S. Treasury > savings
'
,
•.
,
,
,
.
.unexpired insurance,
'
\
etc,
$4,391;
$5,499;
Clothing
;
ci
.
of
$101,500; profit for
total, <344,427.
$13,834;
cne
month ended Oct.
assets
the
of
1945,
proceeds
$203,455,
and
of
the
the
of
which
balance
proposed
of
$75,000
$128,455
sale" of
paid
was
becomes
2,000 shares
of
in
cash
The
!teX ?' <<,B®b") Nefit, whoRelations
company
for
To Sell Shares of
,
#'^]1®AcomPf,hy has
or 48,000 shares
of
a
♦Cost
,
;
52
-
aircraft
-
;
,
Paper Corp. of the United State^—President
,J' Sinimonds has been
elected
30.
the,
Gross
profit
Selling,
-
-v-™*****.
&! admin,
gen.
•
*
1945""
._'***
$692,284
k
.
J"Vi '^y?;v
1,901,124
expenses*
Total income.
Interest, .etc;.
—L
,-,$$844,280
_L*_**;u^
Prqv; for: Federal tax-tm- income
profits
$3,954,120
143,652
Z-iziz
: -
>*
*
tax
$3,513,183
-. 97,344
362,000 •
($987,932 r $1/010,839
Federal Ctaxes, carried I back!
L467.200....,:
t
—*™-__.:_^_'_™™_™.ii_L'»$479,268'
.-Dividends, car preferred - stock™)--,™ •; • • 20,000.
Dividends
on
common
-
♦After
?
stock****™*
Cash
of-
war
taxes™W*_„^_A
v'
:
taxes
$1,943,203
342,922
$1,791,180
330,070
930,728
798,374;
$2,185,541
342,922
:
: : -
---
contracts.
'
^
refund
tAffceri post-war
-
t
$3.06
and amortization*
490,948
iri
*
.
respect
,f
$4.03'
in
™-__!*™
'.."..LIABILITIES—4
-
•.
of
k
Accounts
110,170
5,G06,507
Accrued1 taxes;
69,603
10,260
'
-
and-$261,500 in
239 *
■
;
Notes
171,218
2 ,705,695
Re's,
•
'
amounting
to $223,768.
i•»
$6. cum.,
<
■
1
,
■
156,790
115,760
fop
.
1,473,420
473,400
♦600,000
450,000
( 750,000
600,000
202,005
t336,675
269,340
7^0
09O
Total.
;*■'
117,615
-
_!.:*•_„*
(par" $5)*-*
:*:*:__*_
'
'*™_™_i.-__
162, p. 3079.;
-
The
electric
364,430
2,454,740.
49.400
49,400
4,278,516
5,610,534.
,1*»-J; $12,281,835
$12,514,836.
'
{:• 't
-"-"1.
i?w
for the company and its subsidiaries; for. the
1945. amounted to'137.0°4.000 kwh..,a decrease-1 of
1.5%, from the corresponding week of l944i—V.182,
'
■
•
//
,
Philadelphia^—New - Vice PmsideUtr^
/
.
**•
director of the Philco research, .division ^ since 1941
authority on radio, radar and television; has been
charge of ''engineerivg.—y^lS?;
Ltd., Inc;—Registers ~
<$i5i)00,000 DebefTt.iiT€$-r^
.
^.^3080w^
J"
;
filed a- registration ".statement Dec., 26 with, the SEC.
shares of new- cumulative-preferred
stock (par $100);
The proceeds from the sale of the-new*preferred
stock will be .applied principally • to the reduction; of. the company's
bank loans which have been made for* the purpose of financing, In
part
the "company's increased - inventories;
The shares Of new .pre¬
ferred stock-will be-entitled to the benefit Of an annual striking fund
beginning- with the. fiscal, year April 1,1946, sufficient: to • redeem; 1 %
of the maximum number of shares theretofore issued/ . The. dividend
rate of the new preferred stock, offering price and redemption price
will be supplied later by amendment.
The holders of the company^ common stock will be offered rights
to subscribe to the new preferred stock on the basis of lV- ;shares of
Dreferred stock for each 20 shares qf common .stock. ($5 par ),
The company.
covering
50,000
53,1861
•
,
output
or
appointed Vice-President in
To- Recistpr
123"l09
53,186
389.645
790
1,946,492
1,816,726
2,984,622 • 2,854,855
dividends declared during this? period/, the
Philip Morris & Co.^
164,850
1,950,000
„i*„/.„_™^j,
t.;*™*:*'*:^*:*1**:*
.
:
_*_f
•
i
-
525,35Q
■
7PO
'
and an outstanding
.
1,273,650
i
50,000
on
t
4398.'
Phileo Corn.,
,
140,000
;
♦269,340,
—
—
Dec.
1,085,000
Miscellaneous .'reserves
pref.
cum.
5 %' non-cum.
"",2,045,COO kwh.,
.V. 3079."
104,933
163,947"
$7,364,196 - $7,424,785
1,473,420
Philadelphia Electrie Co.—Weekly Output—-
.171,832
.
;
586,421
1,479,638
1944*
educational .loans-/.
Employee.. retirement? ;reserve**^*
--//Jci.-V*—.
-V.
4 p.
"
-156/000
.
150,806
Sept./
$1,440,360
;
128,463-
$1/509,91Y
;
v
profits- taxes
$5
v
pref.,
■;—*
on
*
86,539
95,489
.
1,473,420
,/.*—*/.
on
stock
-
.
$5,644,333 ; $5,37M,373
—*/*
David B. Smith,
'■
I
for possible Mosses
Common? stock,
re¬
1
on
tlncjudes proceeds-from-life-insurance
on
1,
declared:; during
$12,281,835 $12,514,836
and-exe;. profits
payable.
"
1,641,875
quarterly dividend payable Jan. 2, 1946, having been. <}«sclared in
1945, whereas the qua rteriy dividend payable Jan. 2, j;|945, was
the; month vof .November,: .4944.-!.,$iDeficit.^y.',462,
'
410,094
2,469,182
_—**
Notes
'
1,661,875
'
4&
199,438
tax-'for* 1945*::
payable within:-12 months**-:
mc. s
:
491,272
incl. State'lncome taxes™***™
Fed: "income and excess
\Est. ,Fedr
•
$9^17,466
•quarterlv dividend payable Jarf. 2, 1946 having been declared/in Sept./
1945, whereas the quarterly dividend payable Jan. 2, 1945/T^as,.de¬
clared during the month of November, 1944.
;
•
< '
(Includes five quarterly-dividends declared-during this period/the
■/
261,039
™*^„*_*-
andr accruedA*™*^-***^ ;•
; Salary," and-Wages: due
37,806
1 642,528
108,110
4 ,548,324
320,834
f 73,831
10,285
40,051
1,156,043
7,710,104
$9,112,611
f
on common stock
♦Includes four quarterly
1944
***„_:_™
payable-^-misceJlaneous ::_/:**_•***
i
stock fdividends SpayableT Octo l-i-A-i-:
Common
/Earned: surplus
$227,000
",™_:
pfd.: stock
.
$2 486,064
__**_**.*-_i™J._l„_^_
'i v!
;•
/
1945
7,806,683
,
1,221,406
1,181,406
83,812
„a.
banks ''(net)**^----.-^-:^*^::1.:
closed
1943.
(Loss,
§Estimated reduction1 of Federalincome for prior years under carry-back provisions of InternalRevenue Code, after provision 'for additional: taxes for: such
years,*
of
stock
Divs.
j' 622,073
,.n
'
•
sub._*_
a
Divs.
"/-v.''
'
:063,08V
473,737,
5,964,062
Divs.
1,376,969
2,789f200
$13,082,695 $12,652,331 $16,919,294 $16,927,57-1:
.
•
•
credit
468,725
$6,688,269
stock
490,948
$1.35,
$1.36
\1,376,9.09
6,168,143
Divs.
^334,854
-Vi
.
$6,914,552
income
Console net. lncome™
Diys: on r6% cum., pfd.
:
490,948
--
of
DiVs.
on
'cap. etks. of
subs, held by * public*;
Min. int. in uiidist. inc.
$662,737
490,943
$669,553
■
300.000'
,
-
1,537,500
^-™-
'■
1,136,715
Sr'
.
Net
.
!.^otai: _™i-Li*:_™™^---i*i:/i_:*ax
^_*™:
311.443
.<0>.83.';
2,600,837
;Total income deducts.™
of
r.
690
3,124,690
-
-
-
**
**™*J*
income
Gross
$1,'878,295
87,115
106,920
suppUes**:__*___„i___
of
Capital, -surplus
taxes
profits
receivable——*
in'
-1944
$2,027,765
84,562
...
3,464,912
V 5
operV revenue**™ $13,555,113 $13,127,065 $17,589,307 $1^,540,02.7
income (net)*-..,
* t472,417
$474,734.
$670,012
4619,050
Ohter
186,781.
$2,292,462
:**J
deposits ;__:„*™_*„__:-*
Fixed- assets
,010,839>' $1,230,276
i 20,000 (
120,000.
-258.308:
.{■
deducting provision, for estimated
negotiation
179,136
3,070,4G8
'
-
.
517.
2,293,651'
Utility, tsubS.>. '**'*.*-™-.'
Net
376,390
.
690
2,912,254
1,977
2,488
.
*-
*:J/™™'
taxris
subs.
atility. subs.*
State income- taxes
$1,691,515
.Mortgage payable:
Balance
.Earns.- ^er jsh, pn 300,00$ §hs;-com.
$1,230,276
utility
1;458
! 5^7
2,257,581
1,807
plant
"•Fed; excess profits
7
$1,848,629
Loans, investments,., etc.™-**^*******
*
***:
/Deferred charges'i'™™:_™i'*!:__i*'™:ii:r'™lli"
,t2.353,500^
>$2,043,000
™i
*_*t
utility
Federal income taxes by
.
$2,124,462
167,999
™_™—_
___*_*™__™__
excess
accounts'
•Inventory
"
Net, income
Federal
/Contract
51,570;
$4,005,696
64,914
"r? 357,000-
leaseholds:'/*
of
acquis, adjusts.
Taxes (other than inc.)
$25,801,607 $25,476,590 $25,459,779
: 23,677,145
23,627,961
23,768,264
/Accounts payable—Tirade i-i:™
,
Excess
'
of
Amort,
1943
375,722
Merchandise in transit^*-:***
;
$5,596,700 ,*$5,669,237.
2,179,254 / 1,715,118
.
1944
;
.
' -•■"1944:v-': '■ 1943
Amort.-
as
$25,100,868 $25,083,389
IJ. 'S. Treasury series .C tax savings notes*****:
(J., S. "Treasury bonds • and savings boii4S*i*i.^*'
Inventories • ™*/_,„--i-.::*_:*,*2_*L:'--_jl._-***^:-'
fco^ppratibn.!
Operating" profit" ™;r™™™_™™-$<17208,840 $3,4171446
Other Iricome
.
S364.560" - - 95/736
income
•ASSETS—' v/'
-
Earnings—
_™.
*
on'
t -
.
.COMPARATIVE CONSOLIDATE!); BALANCE SHEET/SEPT. 30
j"
Packer Appliance Co,-
listed
$2,468,029
For; the past 12. years he has been,Vice-President, of the
Fitchburg,.
<Paper Co.; of- Fitchburg,■ Mass. "Prior to thatAfiie Mr. Simmonds
was;
with the Coy Hunt
Co., of New York City, paper m&hufacturersr--
Years Ended June 3(h—
profit lif™**
•*********:—
0
1945
■
$25,396,555
•.
"405,052'
income
♦Includes depreciation
EIected—
President of thik
p. ,2^61..-
Net income", for period**.™*'™*™
$705,904
Dividends „:**-*™*™_
" ;• 468,000
Shares QUtstandfng i*1™*-*;:*-™^™- ;
.390,000 Earnings per common share**
$1.81
Net
y
be
Sept.'30-*A194S-*9 Mos.—-1944 -
'
'
•
..
—
'
operating,
facillties.~V, T62,-
airports, and
'V
4
"
™™™*
(less post-war credit)™™_*™-**
other
and
.
"
:
:st6ck.~-V. .1,62,
charges to income*™™*
Estd.
-owned
new
..
^1945——12 MOS.—1944:.'
$45,436,613 $45,680,-799 $61-,423,196' $61,962/393
Operating expenses:*-*
16,521,225 * 16,648,806
22,380,209 23,025;46a
Maintenance
2,711,561
" 2,991,322
" 3,693,833 "
*4,006,359
Approp.
to- retir.. and
1
'.
7,768,096 J 17,922,388
dcplet, reserves ILZS: " 5,745,673 ' 5,891,083
-'.period End.
Operating" revenues
been appointed registrar ,
value. $4.50 preferred; stock .and"
par
■Estimated Federal Income-taxes-_J™
-The Cuban airline had total assets; of about
$1,250,000 on Sept.
It was Cuba's first
airline, established-15-years ago. Proceeds ,iof
to
:
-value^ of conunqn
par
Net profit before
.'
'
de
financing will be used to purchase"
-equipmentrand ;to- improve-^existing
p. '29ol.'(, i
H
'
•
stores/income*™:***.
and expenses**™*.**!*-
Total
announced that- a- public- offering will be made
its
(9,931 shares),
4
"
at co3t or less
p.
1398.
(Not
''
Misc.
subsidiary, Compania Nacional
Aviacion,'S. A.', at $10 a share, out of .100,000 share? of.$lo"
par stock outstanding.
Of the offering, 10,000 shares are reserved; for
sale to emplovees of the Cuban
coranany through "alarv rted"c>ior>s The,
offering, is intended to attract Cuban "capital, the statement said.
cubana
162,
Philadelphia Co. (£5;Subs;)—Earnings—
..
incl.- Pittsburgh Rys. and subs.: ancU other -.strectr^railway.: subs.
)
f"of Philadelphia.Co,>,• '.■■i-i*
of
•
Guaranty- Trust Co. nf. New - York has
' Operating
•
was.hi Fan American World Airways'
* !
.
Net sales
cumulative
Subsidiary—
'
Other stores inc6me7^_X™_*™_*l_*i'
four years" before the war, has returned to the'
Relations : Manager of
the Atlantic
division/ •
Public
as
*
*
1,818,719 "shares
and. (b>
capital)
Total
S';b
$35,021,675.—V.
.
-
from
Pan American AirvvaysCorp.—OfXicinl Returns—
»
Public
stockholders
by
Peoples Drug Stores, Inc. (& Subs.)—Earnings—
Other
.
to
9 Months Ended Sept. 30—
,
-
total
■
in
only
preferred stock—V. 162,
p. 2648.
approved
'
.
cancellation by National Power & Light Co.
1.197n062 -shares for
$25,752,000
31, 1945,.
due
stock in- treasury,
common
mechanical reasons it "is not always
to arrange companies in exact 'alphabetical
Hou)eoer, they are always as near alphabetical
position as possible.
* '
.'Exchange has :authotized * the listing of 2,500,-
'.'in ; New York ..for;; $44,000,000
October, 1945, as of Oet. 1, J945," the company acquired
$269,806 and assumed liabilities, of $66,350 for a total
of
October,
.
notice of issuance.-
■
NOTE—In
consideration
1945, and -has been
"Corp.-A-V.'162', p. 3079.
3,
a-contribution
•
??%r.procfels- of RaIe of, preferred stock), $128,455;. common'
Jt
Dec.
on
The New^-Vbilt 'Stoek
-
,
Federal
Co.
and
NOTE—For
.
payable; .'$78.284;' due to leased 1 depart-;
customers', credit- balances, $2.63; accrued taxes, wages,
income taxes, estimated, $12,200;. due to Palace.,
.for balance of:, purchase .price of net- assets
"(payable
,
salaries
accrued
'
752 shares of common stock (no par), upon adequate distribution.
There are presently outstanding 1,879,095 shares.
The shares to be
listed consist of (a) 682,033 of such presently outstanding shares.
(being the number that will remain outstanding after, the surrender
LlABlUTlE$--Ac,couht$
ments,
i
$4,450,768;
payable,
.
etc,;
,
*
stock (par $7"), such listing to take effect upon the
of. the: corporation with its -wholly owned1 subsidiary, General*
"Pennsylvania Power & Light Co.-r-Listing of Common
.
.
? ,475; fixed assets (net),' $24,579;
$9,124,941;
Br$163,343;
-
t
C,.J,
at' cpsfc
capital assets,
$580,879;
the listing of 524,800
Exchange has authorized
,
held
' receivable, • customers
(net ), - $68,335;
due from,
company, $3,303; vendors' debit-balances, $1,165; merchan-,
$2,412; total, $344,427.
*
'
.
advances,
,
The agreement of merger, - dated Oct;- 45,
1945, between - the cor- *
poration and its wholly owned subsidiary, General Cement Corp.,was
approved at. a special meeting, of stockholders of :the; corporation,
,,
notes, tfcries
ftccounts
;
affiliated
.
and
LIABILITIES—^Accounts
a
warrant to .purchase two additional
10 shares,of present common stock, of
be issued for fractions of a. share).
to
$138,752),
$5,997,015;
miscellaneous accounts receivable.
and agents' accounts, - $15,660; inventories,- $7,»
order. :
;
'
;
employees'
investments
.
$13,834
BALANCE SHEET A^ 'AT OCT.' 31, 1945
v A
possible
•
-
1945
'wages, $360,889; accrued taxes; $267,635; sundry accounts payable,
$540,937; Federal income' arid excess profits taxes ' (net); $5,738;713;
reserves
for
post-war and other contingencies, $800,000; insurance
reserves,
$301,256; minority' interest In subsidiary company,. $2,462;
414 % cumulative preferred ■ stock, $5,630,000; common . stock (450,000
shares no par),. $7,912,817; capital surplus/$54,600;; earned surplus,
stock .and
(scrip
of
arid 80,000 additional shares of such"stock upon official.
the exercise of tire warrants, making the total
number of shares applied for 604,800. -4
'
:
$26,034
.12,200
,
.nwProfit
,
or
less
(after reserve for depreciation of $11,471,486), $11,415,329;
goodwill, $1,261,368; deferred charges to operations,- $198,881; total,
$35,021,675.' '
; -' " ■
' '
of $7 par value, in exchange for each;
$7 cumulative preferred stock and one,
stock,
convertible
A
General Cement
-J™™i™™.'_™i_-_.'11-.'™™1'1
„
profits.
791,261;
notice of issuance Upon
231
,.
.
$42,892;
exchange for-each
value
par
merger
$25,803
/...j:
Net-profit
i$429,185 r
$322,712
$304,949/
$300,245
.-$1,22..
$0.98
$0.94
,
,tax; and provision for post-war and other
amounting tQ $130,000 in; 1944 and $250,000 in71943.
Cement Corp.,
;
$50,081
24,277
™L.'__„
Other income
•'
-counts
shares of capital
V'l 4.^37
'
operations
capital
The New York" Stock
$49,344
Gross Income from
operations
110,339
,A
ASSETS—Cash, $7,429,078; excess profits tax refund bonds, $289,311;
accounts receivable (after reserve for doubtful items and dis-
-'t
c
Listing of Capital Stock—.
69,731
.Income from leased 'departments'™;•:
;
no
$119;075
;™:__.
of
series
shares *in
5^823
1.77-,
*
™_.
_
of
.share, of .capital
■
Cost
881.
162, .p.
shares
share
STATEMENT OP INCOME FOR ONE MONTH END. OCT; 31, 1945
Sales,-total -store***:*:*™*™
:**_J***™_,,*,
$124,897
; Leased; department
31,875
30,919
110,339
CONSOLIDATED BALANCE SHEET; SEPT? 30,
*
The
.......
.
*
•trade
Pennsylvania-Dixie Cement Corp.—Recapitalization—
plan, of recapitalization and merger filed Dec. 21 provides for
Manhattan
neckwear,
60,775
110,334
,
■
com..,
on
excess
contingencies,
,
women's
*!/_™
,
perish:
♦Includes
59,819
110,017
;
.
$442,458
,
may be. described in general as a modern store,
men's,, women's, misses' and boys' wearing,
period the. store carried
accessories, but this department is
7Surplus
Earns,
.
•
grade
war
-***
$446,206:
$403,823
$599,021
>
Preferred dividends ,'ix.*
Common (dividends
;
'
s
has been in continuous operation at the same „..
.the. same, ownership, and jtnanagement since 1388.
the company will be the operation of the Palace;
During the
uniforms
;
store
under
business
>tiin Top61ca:i
u
,
•
Net" profit**™ *
•
313,556 shares, of its own common stock y
during; the period' Jan/1 .to Nov.. ,15. 1945, at .k total cost of $2,230,363, .
or> an''average'- of,$7.07
a share;-including, commission.. It is the -en-;
tention'of. the board-of directors to continue the purchase of additional
shares
in the
future
at .such;tirties,'at such: prices; and
in such,
amounts as .they, may
deem advantageoustq the corporaticn,, the
announcement'said'."
"■
'■
"'■'.'.'V
Of the dividend of 50 cents a share, declared by the directors on
Oct. 10, 1945,. payable'Dec. lOi 1945,'to stockholders, of record at* the
close of business Oct. 31, 1945, 25 cents thereof being from accumu¬
lated undistributed ordinary net Income, and' 25c <thereof, being from
accumulated, undistributed net profits realized, from the sale of securi-'
This;store,
and
■-
■
The "corporation -acquired
52$
buklhess
:■ ; ;• " <
'<
JPfnnroad Corp.---Buys Own Stock—Pays Divideiidr-
stockholders-of the. parent
"company or affiliated'companies. -The-company was formod to acquire; and. operate'the Topeka store
;
(■; :
.
"
„
not more than. 149,883
THE COMMERCIAL & FINANCIAL CHRONICLE
3198
intends to file shortly another registration statement
covering $15,000,000 of 20-year debentures, due Feb. 1, 1966.
The
Proceeds from the sale of the new debentures will be applied, to the
extent required,
to the redemption of the company s 20-yeai
3/c
debentures due May
1, 1962, and 20-year 3% debentures due March
I
1963
which were outstanding in the aggregate principal amount of
3.11 500000 as of Oct. 31, 1945.
It is expected that the new deben¬
tures will
be sold shortly after the expiration of the offering to
common stockholders of the new preferred stook.
T ehman
Brothers and Glore, Forgan & Co. will head an under¬
The
company,
of the preferred stock, not subscribed
tor by the common stockholders, and the new debentures.
After giving effect to the issuance of the new preferred .stock and
the new debentures, the company will have outs tan ding$ 15,000 000
20-vear debentures due Feb. 1, 1966, not more than 349,730 shares ot
cumulative preferred stock (par $100) and 1,998,470 shares of common
stock (par $5) (when all of the old $10 par value common stock has
writing
Plant
damage
in
said
run
may
90%, A. F. Adams, President,
He said complete information is
high
as
.
^
Subs.)—Earnings—
Phillips Packing Co., Inc. (&
William
4,739,471
$7,054,762
.5,206,354
$1,153,749
$1,225,612
$1,848,409
382,060
369,513
353,950
373,788
$1,158,112
386,342
$784,235
$871,662
113,814
54,457
$1,474,621
i
111,401
$1,544,453
$898,049
$926,119
13,518
17,475
sell,
exp—
profit
—
and
Admin,
Operat.
income
Other
__
income
-Total
Int. paid, bad debts, etc.
deduction
Other
A.
the
State
Prior
13,377
Divs.
201~250
ing the
976,000
month,
5,000
4,500
4,775
12,050
$383,628
17,035
18,874
stock—
237,478
237,478
share——
$1.04
$0.42
$0.25
"$0~77
profits
the
in
$103,237
1944,
costs and
above
March
in
1
expenses.
31, 1945 is sufficient
year's business.
to cover
ASSETS—Cash,
$99,729),
of $35,000),
of
and
notes
SEPT
State
taxes
contracts
this
account
(estimated),
Mills, Inc.
Erie
The
ized
York
New
for
The
Stock
shares
notice
will start in August with
for the first 12. months.
is scheduled for December,
35,000 units for 1947,
dryer
cumulative
making
issuance,
(after
of
the
RR.
for
250
70-ton
announced
D.
foe
authorized
preferred
total
a
17.—V.
He
been
formerly
was
(no
par),
upon
author¬
shares
100,000
'
-
<
.
of preferred
'
net
to
proceeds
by the corporation from the pro¬
estimated at $2,556,500 (after deduct¬
posed issue of preferred stock,
ing estimated expenses of $18,500)
first
the
instance
poration
as
through
additions
to
to
be
borrower
of
inventories
in
the
future
and
increased
net
Operating
Oper.
162,
backlog''
at
for
ENDED
SEPT.
Gelling,
the
f.
season,
carrying
of
Gross
-
Total
Other
'
/
'
$
—
$4,333,000
.96,000
—
$4,429,000
.
deductions
taxes
295,000
income-
on
purchased
.
to offer
One of
$9,990,609 $10,023,554
;1
1,257,989
2,572,208
,•
—l—l—
*
998,078
2,667,097
l
power_L—_—
555,039
.
2,215,000
170,000
—
r
-
913,946
1,181,186
$3,682,922
_
$3,446,562
7,752
9,976
$3,690,674
$3,456,538
687,082
•
''
'
•,
'
"
'
695,596
1''
'
—
55,664
55,112
75,415
;
79,617
$2,872,512
$2,626,212
——
2,793,114
a
State,
1,625,473
1,573,869
2,071,846
refund
_'
860,733
$9,129,907
.
Fed.
for
income
820,947
profits taxes__
equiv.
to Fed.
2,795,000
2.446,000
i—,
Net
4,371,401
loss
Int.
Net
income
•Before
and
gas
(Sept.
$5,306,859
110,794
$3,962,947
provision
water
$3,956,741
1945).—V.
1,
$2,074,460
$2,870,556
Federal
income
properties
162,
p.
for
and
excess
periods
2519.'
prior
profits
'
taxes)
date
to
.V
of
as
Schiller,
President, in
states:
The
'
a
reductions in Fed¬
of
gas
of
with the
the loss resulting from the sale
purposes
preferred
Federal
dividend
taxes
on
requirements)
reported
as
1945 and Oct. 31, 1944, re¬
inqqme resulting from certain
Oct. 33—
1944
1945
-
$909,573
$909,573
$2,164,415
Loss
on
Loss
on
Benefits
of
of
from
gas
due
tax
income
to:
121,400
270,900 f
abandoned—128,200
facilities____.__,i_w__
defense
construction
sale
in
"
918,300
74,500
274,500
$1,391,900
$395,900
properties-.
consolidated
tax
<
return™
of
Total
Estimated
'
balance
Out¬
would
effect
from
—v.
162,
p.
after pfd. div. requirements,
been reported without any
foregoing adjustments—™—
have
the
513,673
772,515
1896.
.
.
...
letter to stockholders, dated Dec.;;'
(The)
Pullman Co.—October Earnings—
-
the
sale
late
j,
periods ended Oct. 31,
in
reductions
Est.
Amortization
sale
long drawn out negotiations for the sale of our gas properties
Keene,. Laconia and Dover has been completed. We expected*
make
the
to
1944.
'
Period End. Oct. 31—
,
in Nashua,
to
is equal
flecember,
reported__________—$1,090,735
1,073,680,
which
R.
of
:
Total
Deduct:
\
Public Service Co. of New Hampshire—Company
tax
(after
months
12
12 Months Ended
$2,894,987,
1,882,281
$5,417,654
2,547,097
$2,070,172
for
which
month
Non-recurring losses charged to income.,—...
$5,476,821
2,581,834
1,892,774
utility
the
non-recurring losses and other deductions used In. determining tax
as well as benefits resulting from participation in a consoli¬
dated tax return.
The following table sets forth the estimated effect
of such items on the "balance" as reported:
$5,386,511,
1 90,310
_________
$326,082,
in
$923,680.
Balance
Balance,
65,303
deducts,.
other
&
of
customers
liability
564,870
$3,891,438
income
of
reductions
flects
6,000,893
2,446,000
74,039
income
Gross
•
' $3,888,907
lncome__
oper.
Other
gas
properties is estimated to be $1,235,000, as compared
gas
the
for
1.072,071
1,087,902
5,146,599
prof, taxes
exc.
a
applicable to properties of Twin State Gas & Electrlq,,
income
Federal
For
book
$9,038,037 $12,124,260 $11,952,275,
eral
excess
customers
such
as
months ended Oct. 31, 1945, reflect
properties,
$928,680; (2) loss from abandonment of Steam Plant Construction due
to governmental war restrictions, $150,000; total, $1,073,680.
T.
&
Charges
to
sold its gas properties
utility.
i
the company
12
Non-recurring charges to income resulting in
taxes on income are:
(1) Book loss on sale
eral
3,217,090 $11,036,357 $10,880,203
$8,269,174
1945,
doing business
prior to their acquisition on Dec, ,28„ 1943.
the
income
Total
Prov.
684,739
$909,573
•
(D)
&
income.
oper.
l.
ceased
domestic
to
billed
(E)
net
$1,594,312
669,797
requirements—,:-——.
Electric revenues for the
amount
2,015,661-
oper.
Oct.
On
(A)
business and
(B)
2,612,277
for
Net
$1,760,532
—-
'
$1,090,735
NOTE—
7,109,507
1,201,336'
1,689,632
•Other
1,031,900
,.
8,072,118
local
^7---'
dividend
stock
dend requirements
1945—12 Mos.—1944
432,669
taxes—
——
38,300
.
Balance
:
.
988,897
Fed.
1,073,680
Figures for the 12 months ended Oct. 31, 1944,,include revenues,v
expenses and an allocated amount^ of fixed charges and preferred divi¬
909,627
miscell.
—
-—
Income
(C)
2,097,456
______
taxes)
charges-———
on
Income
Net
Federal
(before
taxes
651,663
889,286
1,198,187
depreciation—
a
1,216,549
15.
.
—_
excess profits, normal tax and surtax and
provision
possible renegotiation adjustment
'
State
~
-
•
.
,
and
—
for
Balance
Federal
$20,498,529 $19 668,409 $27,397,122 $26,095,957
1,734,053
2,276,969
546,254
1,256,936
purchased
operation
Avery
Federal
for
'
'»*
•
.
,
il.—
Non-recurring
<
.
6,032,939
1945
.
income
It now
serial J notes in the amount of $2,?
end.^of the year; (2) to sell a substantial
stock, and (3) to refund the present $6 and $5
Other. operations
Vice-President of this
director of the Don-
Second
and
appointed
lines Refinancing Plan—
profit
income
pro¬
the
the plan is carried out it is now proposed
of preferred stock the choice of two options.
generation
Preferred
depreciation
1945—10 Mos.-
1945—Month—1944
-1944
Sleeping Car Operations—
*
$
$
In
,
1944, but the financial plans of the prospec-;
13,358,264 -117,843,950 115 323,565
12,401,051
Total revenues-(/l.w_—
andt the sale was not accomplished.
In,the; .
•Maintenance of cars__
4,458,089
43,190,469 r 35, 504,610
4,630,385
spring of this year, negotiations were renewed with other, interested
201,492
Cr701,135 Crl,618,656
All
other
maintenanceC?145,554
parties.
The negotiations resulted in a sale on Oct.* 1,'1945 for $200,-..
5,154,863^ 51,158,372
50 057,514
5,367,265
000 °in cash plus the cash value of certain current assets associated.''-; * Conducting car oper._—
631,321
6,175,924
5 930,013
565,952
General
with the operations of the gas business.
Therefore,, since Oct.1-T,we
expenses-______
no
longer offer gas for sale in any of the communities in whfch we; ,
Net
revenue—" 1,983.003^. 3,815,126 18,937,840 ; 23,629,936
operate.
We now are free to concentrate our, efforts exclusively in;
the electrical field in which we have been able consistently to earn a'
;;
Auxiliary Operations-/..
t
,.
,
,
, .
• •
reasonable rate of return on our investment as distinguished from; the'
Total
revenues
1—.. •. 438,636
450,855 /, 4,411,826
4,380,158
losses registered over a long period of years in/the operation of the
Total expenses—--— (,
312.873 J ;408,08?/•, 3,200,074 ^.,3,241,45^
tive
Other
the
retire the
to
at
Taxes, other than Federal taxes on income7*_7_
for
had
allwances and freight—— 145,969,000
128,666,000
administrative expenses-:
12,970,000
and
for
and State authorities having, jurisdiction,
(1)
revenues
Steam
Provisions
Maintenance
less returns,
general
Total
-
current
amount
30,
.
sales,
Cost of goods sold-.
the
,.,,.
when
owners
Maintenance
Prov.
of
.
.
$9,650,000
1945, which
Nov. 30, 1945.
MONTHS
12
of
31,
•
Gross
reduction
particularly in
funds
aggregate
May
seasonally to $21,410,000 on
FOR
expects,
substantial
of
An
outstanding
EARNINGS
through
or
-
a
stock.
and
(present
of 25,000 Knits,,
mechanical household
production with an
3080.
p.
1945—9 Mos. —1944
30^—
revenues..
power
Other
used by the corporation in
working capital of the cor¬
assets
the past and
receivables.
was
to
current
in
payable
will be
addition
an
current notes payable.
The corporation has
notes
In
;
advisable
of new common
If
Co.
Period End. Sept.
received
be
1945
It, wilL enable us to enter
new capital by the sale of bonds,
stock without undue handicaps and at rea¬
development of the plan and subject to the .ap¬
outstanding
output
an
Vice-President
Company, engineers.—y. 160, p. 122.
of 25,000
listing
the
stock
of
25,000 shares
1946.
The
of
an
Corten
Dec.
on
has
McAfee
S.
society.
25,000
Additional
stock were
by the board of directors at a meeting duly held on Dec.
1945.'¥ It is contemplated that this additional preferred stock will
issued and sold to a single insurance company on or about Jan.
16,
excellence
common
or
000,000
Provident Loan Society of New York—New V.-Pres.—
authorized
6,
cost.
preferred
Public Service Co. of Indiana, Inc.—Earnings—
•
sale
and
the
of
power.
gas
amount
,
for
reserve
and
listing.
issuance
the same
During
markets in the future to; raise,
appears
order by the Bessemer & Lake.
steel hopper cars,
Ernest Murphy,
has been awarded
company
President,
\
$2,627,338;
Exchange has
$4
of
of
the
proval of the Federal
and
1945
$4 Cumulative Preferred Stock—To Be Sold
Privately—
official
30,
Nov.
of liquidation, it is necessary to formulate a definite financial
the future., The plan, as now conceived will strengthen the
sonable
,
accrued accounts, $181,-
Listing of
—
and
l
for
money
for
1946,
Shares of
additional
evidence
hydroelectric
preferred stock
;
Prov.
Pjllsbury
Jan.
company's financial ; position substantially.
company
The
$12,205,130.
total,
income
on
under
Rivers .already
properties have been sold and because of the
probability that the time is approaching when company no longer will
be a subsidiary of New England Public Service Co., which is in the
plan
Awarded Contract for Steel Hcpper Cars—
investments and other
equipment
and
$2,517,206;
$2,651,815),
and
war
*
a
that
,
home
This
provision for renegotia¬
reserves
for contin¬
gencies, $24,415; 5Vt% cumulative preferred stock (par $100), $651,000;
common stock
(475,000 shares, no par) $1,930,100; surplus, $4,862,783;
total, $12,205,130.—V. 161, p. 12.
'
Federal
tion-of
eventually
may
output of
cost—(market
(after reserve
at
securities
LIABILITIES—Accounts payable, $1,927,540;
955;
the books of
refrigerator
be^
which may
30,
accounts receivable
inventories,$4,859,;176;
property,' plant
assets," $313,263;
:'
;
of
that
process
,
marketable
$2,408,448;
$95,134;
$2,011,902;
depreciation
.
conclusive
more
Now
„
$20,000,000—
contemplated
refund
any
BALANCE' SHEET
CONSOLIDATED
value
offer
duction
Shares
Unsubscribed
in
,
&
entry into the home appliance field, will get under way next"
said Mr. Murphy.
He anticipates that the "home' appliance
clothes
-
that
on
—
between
fact
the
__
$137,590 in 1945,
1942 are included
the amount of
1943 and $96,985 in
in
Phillips, President, states: No provision has been made for
renegotiation of war contracts for the six months ended Sept. 30,
1945, as - it is not possible to intelligently estimate possible refund
until the operating results for the full year are available.
i
Renegotiation proceedings for the fiscal year ended March 31, 1945
Have not been completed, but it is believed that the provision made
at
Co., Inc.
Loeb
kilowatt-hours
440,665
„
——
Albanus
due
Car
have
period this year these same plants turned out 313,065,000 kilowatthours, representing an Increase of 10.1%
No other comparison could
+
Strehlow
Winnepesaukee
Net
operating income———.
•' '
:
Non-operating income. (net)—
appliance division
will
be
housed - in
the > company's'
Hegewisch plant, Chicago.
Production of electric stoves and ranges- I."';
Gross income
will begin in January with a projected 1946 output of 30,000' units.
:'Bond interest
Manufacture of complete kitchen cabinet units will probably start in
Other interest (net)—!
June and the schedule calls for an output of 22,500-of the.se cabinets; Other deductions
in
the
first
12 months
of
production.
Manufacture of an electric-,
-The
.
charges
NOTE—Depreciation
In
.
announces
Mr.
and
been-ovrfefi^ of
already
"
1943.
£110,847
board,
Androscoggin
has
$18,000,000.
shares,
tProvision for refund on renegotiation
Government contracts for fiscal year ended March 31,
on
the
would
we
conditions during
the year 1945 have been very favorable for the production of elec¬
tricity by water power.
An Adequate measure of'this can best, be
obtained by comparison with the year 1943, which itself was a very
good water year.
In 1943 our hydroelectric stations turned out 281,-
50%, and possibly more; ofr the
company's entire gross sales volume.
Based on a staggered production
schedule for the consumer products, to be distributed under the trade
name
"Presteline," Mr. Murphy estimated the sales volume .of this
new
division for
1946
at
around
$5,000,000 and for 1947 at about
•On 475,000 common
of
of
Vice-President.
as
Murphy, President, on Dec. 6 announced that current
division
6,000
8,789
$122,923
com.
Steel
the
on
.
112,700
540,000
17,088
per
Strehlow
as
■
107,850
$219,225
on
D.
Chairman
much
way.
New Vice-President—
and
have not missed the "Jacona"
as
year,
totals' $20,000,000, ^nd
them will be an exchange for new preferred; stock plus an amount of
inquiries from prospective railroad purchasers ambiiht 'to an addl- '
;.cash equal to the difference between the call price of the present pre¬
tional $22,000,000.
'■
;
'
' ' V.
':V
ferred: stock and the public offering1 price of an equivalent-amount of
To meet the demand for railroad equipment, the company's'freight '
the" proposed new preferred stock.
The other is to receive the call
car
plant is prepared to operate at capacity for' the next' 6 (to 'V/aT
; price" of the present -stock In cash.
The call price of ' the $5 dividend
years, he said.
Present bookings comprise about $10,000.000'1 domestic"
,'series stock'is $105 per share plus accrued dividends and of the $6
commitments from American
railroads;
approximately0:'$7y400;000" in *
dividend scries stock $107.50 per share plus accrued dividends.
:
;
foreign
orders,
and
industrial cars
and
miscellaneous : orders the
remainder.
The
company's pre-war export business ayeraged - from
STATEMENT OF EARNINGS 12 MONTHS ENDED OCT. 31
$3,000,000 to $4,500,000 a year, according to Mr. Murphy:. ..
•f
-'/v*' >.■: •' '
v
v,
w7
1945' 1944 % *
..The corporation's program of diversification of its products," involv¬
549,000
17,088
•Earns,
Earle
unfilled orders on
110,750
$511,397
Divs.
ects
full
Current Backlog
895,000
—
of
President
Up—Kuhn,
Ernest
$1,586,022
13,095
profit
—
paid on pfd. stock
Net
President of the company and the Treasurer
of Bay Meadows, near San Francisco.
>
is
we
but we could not and did not gamble on water condi¬
tions, so prepared ourselves for all contingencies.
For the present we
are looking to our neighbors to the south
for assistance in case of need.
For the future, we are
constructing new generating facilities witn proj¬
responsibility for the company's sales and purchasing policies.
One of his assignments will be the building of an industrial •
service
department In line with the company's aim to maintain a
continually improving source of industrial supply.—V. 162, p. 2022.
of
1126,344
adjust.—
yrs.
normal
pro¬
owner
Heiby,
election
assume
taxes
excess
Kyne,
will
—
prof,
income tax
Fed.
be the very best water
ytar of record,
needed the Towksbury connection
or
Ore.,
company
j
—,
taxes
income
Fed.
The
Mention
■
.
$5,965,083
profit
Gross
at New Portland,
SEC.
in
Precision Equipment Co
Walter
1942
1944
$9,534,756
8,381,006
$1,540,172
goods
of
Cost
"
1943
1945
$12,027,933
sold-.—
10,487,761
Sept. 30—
sales
Net
Dick
E.
Harvey
is
-
6 Mos. End.
the
by the underwriters.
Company offered 85,955; shares; of
preferred stock for subscription to common stockholders „
at par ($50).
Rights expired Dec. 21 and'77,357 shareswere subscribed for*
„•
»vj;:
' /.'>■ ' /'
**■■■.'I
as
151, p. 113.
available.—V.
with
Co., on Dec. 28 announced
that the unsubscribed 8,598-shares of 4%% cumulative/
preferred stock series A (par $50) have been purchased/
Telephone Co.—Plants 90%
security holders.
to
letter
a
yet
track project
race
establish the race track.
Pressed
Damaged—
not
a
statement
offer $900,000
to
Taken
Philippine Long Distance
Meadows,
registration
a
unsecured income notes due Jan. 1, 1971,
at
10%
interest,
payable
only from
income. ' No underwriting is
planned, the notes being intended for sale to stockholders of the *
company.
The proceeds from this sale and from a $100,000 stock
issue,
notice of which previously was filed in Seattle, will go to
exchanged).—V. 162, p. 1518.
been
filed
poses
for the purchase
group
(Ore.) Meadows—Registers with SEC—
Portland
The
has
1946.
23,
Portland
that the offering to common stock¬
about Jan. 13, 1946, and will expire on or
expected
is
wdl be made on or
Jan.
about
It
date
record
ihP
holders
Monday, December 31,1943
purchaser collapsed
,
-
..
Net
profit
$1,749,000
—
NOTE—Renegotiation proceedings for the fiscal
and
1944
the
prior
effect
years
that
no
have
been
excessive
concluded
and
had
profits
ended May 31,
clearance
been
properties,.
gas
A
year
received
to
earned
during such
fiscal years.
Provision .has been made in the foregoing statement for
jiossible liability in this connection for periods subsequent to N[ay 31,
1944.—V. 162, p. 2311.
•
•
"
book
(H. K.)
Porter Company, Inc., Pittsburgh—Sells Car
Wheel Foundry—
^
■
The
corporation
on
Dec.
28
announced
the
sale
of
the
car
wheel
foundry of its subsidiary, the Mt. Vernon Car Mfg. Co. at Mt. Vernon.
Illinois.
>
M.
T.
Evans,
for chilled
iron
President,
wheels
higher .operating
rolled
steel
company
thus
had
a
withdraw
was
as
a
favorable
from
an
that
the
company
felt
the
outlook
not particularly
promising," in view of the
of railroads and their consequent need" for
safety factor.
Under present conditions'the
speeds
wheels
stated
opportunity to dispose of this foundry and
unprofitable
operation.
r
r
The wheel
who,
Bale
it
was
is
foundry was sold to the Electric Auto-Lite Co. of Toledo,
understood, will convert the foundry to other work.
The
in
withdrawing
accordance
from
with
foundry
a
previously established
operations in general.
disposed of its Fort Pitt
McKeesport, Pa.—V. 162, p. 2823.
company
Steel
Casting
Porter
In
policy
October
foundry
of
the
located
4
in
resulted from the sale of the gas
properties.^
loss, of course, must be charged against 1945 income because lt^ ■
actually occurred in 1945,
However, the provisions of> the "Federal in- '
come tax laws are. such that the loss is offset.' in (1945.;by;\a''.rcdUiytJicm<,:
in
Net
revenue—-———___
1,138,703
1,211,753
42,766-
125,763
taxes payable on 1945 income. We are alsoSable toieffect"'
writing off of actual expenditures of $150,000 associated/ with the1
proposed addition of 13,000 horse-power of capacity to our Manchester' •
'
1
(: 2,108,766
accrued-™---^1,.147,I82
Total, net
tTaxes
revenue—
>
,
'3,857,893 20,149,593 - 24,768,638
3459.^4,;>,12,973,264 ';18,937,638
Federal
the
Steam
'
.
loss t)f $923,680
This
Plant.
This Job
Operating income
—_
761",584 T ■"
697,96ij
some
detail.
:
halted
;
7,171,329 \
5,831,000
"
I
War Produc•Includes:
•«.
tion Board priorities after considerable money had been,spent. : Of,the
878,800..
; 875.634
:*; Depreciation iC—amount so spent we cannot now salvage $150,000 so it is being written
137^
Deprec.-yadjusts;;—1—
off.
Again in this instance we have an offset to the book* loss in the 4 J
iy:. tlrtcludes:,
'
/
form of a saving in Federal taxes of approximately; $128,200. % <;i
^
h460,009 ' '.*>'426,234 -''
Payrolh taxes—
;
Since the sale of-the gas properties and the abandonment"Of - the: :',i"
U. S. Govt, income 'ahd
steam plant addition are non-recurring items and because they; have
,
excess profits taxes-729,383 rt 2,538,431
a substantial effect
upon our 1945 activities as-reflected* iri'the inepme*';
statement, it seemed advisable to make the .foregoing (explanation , In'■
To Continue "Operations Until; Mar,
was
;
by the cancellation'of
8.771,547
-
931
Crl2,312
4,371,882
4,096,264'
;
6,550,830
./
8,800,194
*,
.
,
^
12,804,229
131—)
.
special three Judge District Court* at,-Philadelphia,,. Pa.on Dec.
istration, seized our 27,000 horsepower floating power*plant""Jacona.'';>;': 26* granted the motion* of 52 railroads* who? are: acquiring the Pullman
Coi sleeping car properties for,an order to direct:the. Pullman Co. to .
early this year.
As yet we have received no payment for the.',"Jacona'.''
continue operations until March 31, 1946. The railroads made the re¬
nor have we any idea how much we are
going to get. Not only were we- /
forced to sell against our will but we were also JorcPd to spend over-: : quest1 to permit the consummation ^f the sale' and to permit-Pullman
Co.
to carry out its plans to .sell some lightweight and heavyweight,
$500,000 to provide an interconnection between our transmission ..sys-T \ < *
sleeping cars to railroads which care to buy them.
tem and the system of the New England Power Association at Tewks-;
Sitting as a* special- court, Judges Biggs, ..Maris and Goodrich set
bury, Mass., in order to assure adequate electric service to our ctis-.
tomers after the loss of the "Jacona."
Jan, 4 for a hearing on the entry of a final decree carrying out the
Because 1945 has; turned out to
The
Federal
Government, acting through
the War. Shipping-Admin¬
(The
'
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 162 " Number 4451
;s
.ifctfe „sale and .On the alleged monopoly .charged by the
of
terms
full
Electric
.
tion
Pec.
Grp^s
;
The
that
notified
will
be
The
,,
Securities
The
.
Keiter-Foster Oil Corp.—New President—
and
the
•'
purchase, price Is' 122,5641 '//
accrued interest.—V. 162, p. 499.
;
.7
Total
operating
revs.^,;
Total
operating
exps.__.
Net
operating
Other
,
$922,034 $11,276,840
510,989 ' 5,829,090
$1,334,120
059,747
who
Kenton,
J.
;
•
Jr.,
Cosden,
8.
remains
with
the
___
'
$5,447,750
Cr28,699
Crl79,170
Gross
corporation
this
Dr47,178
and
companies, it
17 with
subsidiary
its
Deductions
fnciome
from
•
15,241
-
:
—
.
income—
.7
i/,Zi/""
Deducts.1 from net
inc...
/
25
150,721
shares of
:
:
' 2,944
;
260
101,072
$654,369
$416,530
$5,520,945
162,
2519.'
p,
■
satisfactory
Co. —Sells
stock.
477,100
291,250
4,016,940
/
•
-
-
/;/
-
$809,823
.
new
to
dividend
be
interest
an
cost
of
less
3%
of
cost
than
on
or
tho
162, p.- 1029,
customers within a 300-mile radius of Greensboro.
Is scheduled to begin shortly.—V.
162, p. 3118.
The proceeds will be used to
NQTE-~For
stock
possible
order.
Construction
work
.
//:/ f
series
mechanical
it is
reasons
not
always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position
of
and 30,000 shares of cumulative preferred stock,
par).
•.
1 '
'
The company"8 10ryear -sinking fund 3%%
debentures, comprising
its only funded debt, have been called for redemption: on Dec. 31, 1945
and Will be replaced by" a $2,000,000 10-year 2V2%>
term bank Joan
from Bank of America N. T. and S. A; of San Francisco and Guaranty
Trust Co. of New York.—V. 162, pp. 29SO, 2519.-
.
//'
-
the
deemed
a
-
shares on the
Exchange and. the San Francisco-Stock Exchange and
York Stock
4Vz '/o
';../'•
•
and
to
will erect a $2,000,000 mail order plant at Greensboro^
C., according to Arthur S. Barrows/President. This will be tho
11th unit in the Sear's chain pf mail order plants and will'servo-
privately to Blyth & Co., Inc., 3,025
common,
sell
basis,
bonds,
to
make the offer If
bonds and the new preferred stock'
obligation
no
Sears, Roebuck & Co.—To Build New Plant—
Privately—
Stock
to register them under the Securities and Exchange Act of 1934.
The outstanding, capitalization now consists, of 800,000 shares
8,473
>
the
on
under
augment working capital.
New
•
$3,095,323
2,285,500
*''7/' '"'7/V; '7 '/ '
7*77777 7* $177,269
$125,280
$1,504,005
surplus
Manufacturing
Company has sold
$3,100,852
■■
will be
or
The company
N,
106,992
$5,471,296
a
loan
.
i/'
'
jfe^T^ust Co/oj New York has been appointed
transfer agent,for the preferred and common stocks.—rV. 162, p. 2823.
,
.
12,373
'*'•Net;income to earned
—v.
on
The Continental Bank
.
7'/
income
Federal, however,
preferred^—V.
common
Net
be
..Applications;are being made to list the additional
26,564
•:charges
'
•
.
at "a rate of not more than 2,/a'/t
The
secured by the. new-common stock of Scranton owned
acquired by Federal. ■
would be
p. Reuther,,Vice-President, taid.—V. 162, 3080.
Rheem
/
(
$6,700,000 from'banks
Scranton is unable to
$3,207,844
;
108,446
9,631
$416,765
$638,178
credits
Extraordinary
$5,579,742
-/••'
■
Net ordinary income./
Extraordinary income—,
•;
$426,396
'
companies and Pennsylvania's parent.
of new, common stock allocated to the publicly held preferred
stockholders of Scranton and Pennsylvania at $13,685 a share.
*
In order to pbtain funds for such a purchase, Federal would borrow
less
Dr51,001
Drl3,348
its
shares
been, appointed* director.
Re will aissume. his duties on Dec.
8.
Dec,
announced on
Co.—Revised
Service
Water
plan for the recapitalization of the company and tho
parent, Pennsylvania Water Service Co., was filed
of
B.
$3,258,^45
> $653,419 7
ine.__
prdin.
ordinary
com-
Cr219,501
Dr9.845
amended
.increasing production schedules necessitated by the enormous "existing
backlog of orders for all types of office machines and equipment,
$3,039,344
communication
$2.97
general, the amended plan proposes the redemption of Scranton's long-term debt, the .elimination of a special loan from Federal
and of Scranton's present preferred and common stocks, the issuanco
by Scranton of new-bonds, preferred and common stock and a bank
loan, and-the elimination of Pennsylvania.
There is only one major change between the original recapitaliza¬
tion program" and the amended plan, which the Commission set dowa
for a hearing on Jan. 10 before Trial Examiner Allen MacCullen.
Under' the new plan Federal would offer to purchase during a
designated 15-day " period ail 689,138 shares instead of only 200,000
chief of the Rochester
years
Service Forces, has
.
Republic. Pictures Corp.—Transfer Agent—
Operating Income
Ordinary
income—non-.
$3,962,623
1,260,000
$3.07
In
as
in New York.
Under Col. Atwood's .direction, the pur-,
chasing, division will be substantially expanded to meet constantly
f
$7,745,982
4,706,638
$663,264 '■/■ $439,'744 1 $5,626,920
inc;-;
of
headquarters
$415,045
" $674,373
- Drl 1,109
revs.Z- *
communica.
was
Army
for
purchases
11
1945—10 Mos;—1944
-
District,
Ordnance
of
-1945—Month—1944
.
F.
election
FJi'an'lc J. Atwood, for the past 3l/a
Col.
'
*
,
R. C. A. Communications, Inc.—Earnings
Period End. Oct. 31—
Sidney
succeed
to
the
announces
Remington Rand, Inc.—Director of Purchases—
plus
-
...
An
Brook
with the. SEC bv the two
Federal Water & Gas Corp.
and development of new oil properties. '
Mr, Cosden-1 recently
has* been * released from active duty with the
U. S:.Marine Corps..
Prior to entering the service, Mr. Cosden was
President of the Cosco Qil Co. and Cosco Pipe Line Co,—V, 158, p. 1178,
-
'
1
amount,
principal
the
of
1,890,000
$5.32
162, p. 3118.
liquidation
general mortgage bonds,
noncallable 5%
of Its
The
$6,010,159
2,520,000
share.^
Scranton-Spring
Plan Filed—
1
pany as Vice-President.
Mr. Cosden will devote his entire time to the
v,affairs of the corporation,'with particular attention to the acquisition
;
.
•
corporation
President
*
company
respectively,
1952.''
•
of
The
Exchange Commission on Dec.. 26 approved a
to purchase from the New York Life In¬
Metropolitan Life Insurance Co. $101,000 and
and
this
Co,
surance
Co.—Suspension of Trading—
announced it has agaip suspended trading in the common
the company on the New York Curb Exchange for a 10-day
.
"v
162, p. 3080. "
$700,000,
•due
—V.
•
,
$13,415,695
shares—i
common
per
Dec. 21
Queens Borough <*as & Electric Co.—Redemptions—
proposal' by
*
.
of
Earned
29.
granted.—V.
exc.
profit—'
Net
Number
period, effective at the opening of trading Dec. 27.—V, 162, p. 2685.
$10;
(par
1945,
1944
1943
$29,465,695 $23,095,505 $18,183,623
15,800,000
16,835,346
13,221,000
250,000
250,000
1,000,000
—
prof, taxcontingencies, etc.
Provision for
SEC
stock
Curb Exchange
York
stock
pursuant
at
:
has announced. that the ' company's
will be removed from trading at the close
The latest extension of the temporary exemption
to which such stock1 is traded on this Exchange will expire
time,
and
the
Securities
and Exchange Commission
hasthe-Exchange that no further extension of the exemption
New
business Dec.
2,178,412
101,120,566 106,356,056 104,446,762 .93,609,29023,653,635
31,502,336 36,635,223 " 35,325,299
12,148,766 13,023,869 15,889,508
19,656,598
—
Red Rank Oil
,
of
1,030,670
•
Quarter Ended Nov. 30—
Profit after charges
Federal income and
...
Net ry; oper. income
—V, 162, p. 2686.
»
812,431
.1942
:
$8,875,079
3,567.604
,
.
puget Sound Power & Light Co.—Delisted—
common
1—
railway
from
from, railway
Net
■i
16,
compared with 205,942,000
a decrease of 4,9^,-r-V- 162, p. 2952.
ry,
From Jan,
;
2,178,950
1,166,591
railway
'
oper, income,,.
from
Net
Corp.—Output—
companies -served by this corpora-.
1945, totaled 195,901,000 kwh,,* as
kwh.-,for the-corresponding week last,year,
ended
week
Net
t
Schenley Distillers Corp.—Earnings-—
1943
$8,526,982
2,757,814
1944
$9,482,666
868,809
Gross
output of the. operating
the
for
1945
$8,309,350
November—
from railway—
'
Judge BiggS said the Court is anxious to settle the case as soon
as* possible,
because of? the possibility, of an appeal- to the United
States Supreme Court:—V. 162, p. 3080.
^
Public Utility Engineering & Service
EARNINGS FOR NOVEMBER AND YEAR TO DATE
,
Government.
3199,
as
possible.
($1 par)
($100
Securities Acceptance Corp.—Earnings—
12 Mos. EUd. Sept. 30—
$1,228,176
292,121
General operating expenses,-528,905
;
1943
$997,811
1944
$1,023,436
195,443
476,498
1945
Earned
disct./interest & ins.
Direct' Income- Charges.
inc._
181,320
,
493,443
'
E. L—New
..'Profit
$407,1501
$351,494
$323,043
Res, for post-war developments35,000
Type of Fire Insurance Plan—
Re¬
Coptrib. to employees profit-sharing
Vice
It was announced on Dec. 21, 1945, that John D. Pearson, Insur¬
pension
;
,-,i.
20,358
15,825
President In Charge * of the Commercial-Department of RCA Labora¬
ance.'Cpmmissioher of the State of Indiana, has approved the five-,
*
Prov. for Federal taxes_„„_„_—
140,000
146,500
1120,000
tories Division' wass announced on Dec. 7 by Brigadier General David
"-/'■■year:''annual .fire insurance installment plan of this company, under
Sarnoff, President of the corporation; Dr. C. B, Jolliffe, Vice President
which policyholders may take out, technically, a one-year policy at the
Net income
$246,793
$180,670'
$176,543
in
Charge of RCA Laboratories,
was
elevated
to
Executive" Vice
full, rate.
At the end of a year, on or before the expiration of the.
Preferred dividends —54,002 43,504
42,541
President in Charge of RCA Laboratories Division.
;
policy,"'it' is renewa-ble: at'80% of the full rate; this is also true for
Common dividends
75,000
$68,725
62,^10
t
At the game time, five- officials of the' RCA Victor Division were ;
the next three' succeeding years.
: \
'
/ Earns, per sh. com, stk.>^___^_^.«i
$1.03
$0.73
$0.80
elected Vice Presidents in-charge of their respective Departments of
•The practical result, therefore, is a five-year policy payable
in
RCA Victor. They are Joseph B. Elliott, Vice President "in Charge 'of
^Includes $31,500 (exclusive'of post-war refuind of $3,500 fey- excess
annual installrhentS^and ,costing-the premium on the old type of fiyethe RCA Victor Home instruments/ Meade - Brunet, Vice "President in.
profits tax.) tNo provision, required for excess profits tax.
$ Exclusive
year policy plus 'a small service charge—a sum iwhich is substantially
of stock
Charge of the RCA:-Victor-Engineering-Products," L.~ W. Teegarden, "... lower than-the total of premiums-on-five one-yiar policies.
dividend^ of$125,00^ (one.share for each five shares held). ;.
Vice President in Charge'of the RCA Tubes; J. W; Murray, Vice Presi¬
r
' Jesse B. White, President, said that the Company will eventually ;
BALANCE SHEET, SEPT. 30,1945
"
dent tire Charge^ of -'the- RCA .-Victor Records,- and-J-. H. McConneli;
make, application in other States of the Union for its approval.—r
Vice President: and General Attorney of RCAr Victor.
ASSETS—Cash in
banks and on hand, $1,298,133; U. S, Govt,
>/
V. 162, p! 1519.
;
Thompson. H.
obligations at cost plus accrued interest, quoted market value $3,951,000
Mitchell,
at
present ..Vice.. President ' and * General
Manager of ,-RCA. Communications, Inc.,■ was; elected r Executive < Vice
> ($3,500,000 pledged to .secure notes payable)$3,548,578; notes receive
Radio Corp. of America—Officials Promoted—
Election
.
of
E.
W.
Engstrom
as
President
Vice
Charge
in
v
of
Rhode Island Insurance Co. bf Providence,
.
'
search
of
RCA
Laboratories
Division; and "E.
Anderson
C.
as
~
.
.
,
.
,
'
'
-
.
►
President of RCA Communications....
:
1
i
)Z ;; Rotkwell Manufacturing; Co.—Unit Changes Name—,
;,r:
T?,lr. .Engstrom,. as Director of; Research of RCA...Laboratories;*:'super*'
research and. engineering .which resulted in wartime - advances".
•
in. f .Tadar, * television, radio
and •/ other «, electronic developments ;V
has. been. Commercial Manager*ofRCA Laboratories /or
Anderson
Rockwell
■
and distribution
production
garden
.
.
was
.
of RCA Radiotrons - and Radiolas • for'* five
a ppointed * m onager'
General
was
.parent', concern.
RCA-TubesiMrr-Murray5
Co., Ropewell, N, 3.t has been renamed'
announced on Dec, 6.
This company
Rockwell Manufacturing Co.
and supplies
was
-
was
other subsidiaries »ndf divisions of- the'
it builds meter registers/ regulators
-7
■'
■•■///:'"'
-
r
*
/ ? To rcoordinate
/divisibris'vof
the
-"v.-.""'f/
and
International Corp.,
export" activities of -"the various, subsidiaries
the/parent
'■'•'7/
7 '/':"-f'1-
,
:: ■■■' •':
:;'
•'
company,
the
Rockwell
.
LIABILITIES—Notes payable, maturing within six months, $5,615,000;
(paid Oct. 1, .1945), $34,377; accounts payable and
accrued items, $265,381; dealers* participating loss reserves, $140,121;
/reserve for credit losses, $150,000; deferred, income—unearned discount,
interest, insurance and carrying charges, $232,047; mortgage payable,
not" assumed, secured by offtce building and land, payable in monthly
$776/including interest at 3^, $107,725; 5% cumulative
preferred stock (par $25), $1,250,000; common stock (par $4), $750,000;
earned surplus, $424,482; total, $8,969,132.—V. 162, p. 818.
instalments of
lh\ the
r$-with;-offices
Empire State Building, New York, N, Y., has
7/;
?l
been ^organized, Ut was announced on Dec. 13.
• -i
/
; A.Thist new: subsidiary
will - conduct export sales for the - Pittsburgh;
•/ Radiomarine Corp/ of
Americar—Earnings—- ; !
77-w'; ;. Equitable . Meter Co., * Nordstrom Valve Co., Edward Valves, Inc.;
i Period End. 6ct; 31—
" ..1945—Month—1944 k 1945—iO MoS;—1944
iaridr eStablish-export, safes policies for the Delta Manufacturing*CO;;'
Total operating, revs.i/
;;ThetVrf.&- O.1 Press Co.; Inc;, and the Crescent Machine Co., all sub*
'
$56,7691
£ $48,9201; - $500,980
* $452,420i
Total operating cxps.^_
sidiaries: uf the Rockwell' Manufacturing Co, In addition, the. Rocfc.69,412c.84,997 >,.; i732.i201 r - -:811,663 ;
•weil Jnternationai Corp. will handle export sales for several other
:
Net-operating deficit/^ -"i $12,643/;; ^-$36,077 ^ v $23L22L,"j $359,443.'., independent-companies. ..;
Other communica, inc,.,'
^'.v-7,325,*:.
4,000" -;V ^-; The - Rockwell '.International Corp. was: organized after an extensivesurvey t of .the- export, market
andsales - offices- have already beep
established in South and' Latin America.
1
:
^
Operating deficit, j-i.
: $12,643 ' rJ $34,677 " ; $223,886
$345,443.
Ordinary
Income—non•
:
7
communication
—Subsidiary Shortens Name— .
,
: 55,55T-.: vh162,126
7 . ,
j ,; 884,841/,.,1,897,817 ^5
2328.
p.
repossessed
dividends payable
of Associated Companies Coordin-
:
-
General -Manager • of .the. RCA ^Victor % Records;; and fMr.McGonnell
was General Attorney ;of the, RCA Victor Division, this 'year,—f-V. 162,
$16,747; fixed assets, $119,335; total, $8,969,132.
"
■'/,"
...
$2,318;
automobiles, etc., carried at unpaid balances of respective" notes pluA,
repossession and reconditioning 'costs, $1,89.0; cash surrender value of
insurance on life of offiCer/ $27,7I3;. prepaid interest/insurance, etc.;
■
*
particular,
In
-
and^AUge;.cocks.
the Rad iola.»Division r'MrTee-. ' T
of
of the
Manager
it
is sB.\ subsidiary.;^^of
the.
Mr iv
,;ivVprecision; machined parts .to.
the.
past .five years; • Mr. .Elliott -has been■„General. Manager of the"RCA'
Victor. Rome Instruments^ since July;: Mr; Brunet-.was ln .'charge of-'
years and
Machine: Co.,
$3,954,420;v excess profits tax refund bonds,
/able,
Smith*Machine
The>H.
!
vised
'
„
*
Seiberling Rubber, Co.—New. Vice Pres. & Treas.—
V
R.
Thomas has been elected Vice President
J.
ceeding W. A. W. Vaughan, retired.—V. 162, p.
.
arid Treasurer,
suc¬
1326.
,
Shawmut Bank Investment
9 Mos. End. Nov.
^Income
.
.
,
deficiency
gain'sale of
Net
.
30—
Trust—Earnings1944
1945
1943
/ $61,418
$52,796
23,879
-
securs.
-
488
1942
$49,771i
1109,100
$48,997
tl5Q,710
■
Effective
Gross
.
ordinary
inc.—
Deducts, from ord.: inc.
$42,914
>
$660,945/ $1,552,374'
$127,449,
1,863
7,124.
,
49,369
This
■
,
$125,586; r $611,576
.
V ;
■
•
$1,529,783 %
*;■%,
-x '
•
—
...
Net income
Deducts,
$125,586
$35,790
from net
19,670
inc..
}
c
.
.
;
continues
.
as"Plre6ident of Edward
Valves, Inc.
loss
Net
162; p. 2990.
'
V
:
/.>Savoy-Plaza, Inc.—Earnings-—
1,237,060
deficiency
Securities
of
a
■
v-
,
-
These
value
of
.
market value on Nov. 30, last,
with securities costing $1,154,465 with
year earlier.
'
r
$1,221,333 had a
costing
$1,274,707.
market
/
$158,877-
$28,917 '
$60,931
$199,707.
after expenses,, interest, etc.
tLoss *
.
4lncome
/
'
Ari/ejcparision'Of' manufacturing facilities is planned at the Edward
and" the first of-several additional buildings is under construc¬
tion.'—V.
...
$1,533,033
: 423,880
30/ 1945; The Edward Valve & Mfg. Co.; inc., East
'subsidiary, has been renamed Edward Valves, Inc,
manufactures cast and forged steel valves.
W. F.
plant
3,250
$611,576
106.506
•
•/
-.
a
subsidiary
Crawford
Net ordinary income„ $35,790
Extraordinary income—
tV
credits" -——"
i ' '
Nov.
Chicago;1 • IridT./
.
22,591
:
compare
$1,003,689 a
CONDENSED
.
BALANCE
SHEET,
NOV.
30,
1945
1
ASSETS—Securities, at quoted market prices (aggregate cost per
/ books $1,187,218); $1,220,592; cash, $53,021; accrued interest receiv-"
able, $1,094; total, $1,274,707.
•
■
,
-
Net inc.
earned
.
,
*r-v,
162,
transf'd
to
surplus _/- /
p. 2569. '
': /
'
•
■
.
"
:
$19,080
$187,696
■./• ■ /■■ ;"(i
$16,120
,/
:
3 Months Ended Oct. 31—
Operating,
.•■•.
$295,973
-
Real estate
.
./Other-
Railway & Light Securities Co.-^Asset Value—
/
*
;
$100
Bond
Preferred
Per
:
$283.82
'
Share^„'__
$hare
—V. 162, p. 2990.
'
$277.00
347.88
334.98
32.11
Common
30.44
$249.80
283.51
,
taxes—
taxes
.19,343
,
Total
■
\
,
Net profit
Reading Co.—Merger of Subsidiaries and Assumption
of Obligation and Liability—
(before
/Including
-
social
in. 1944.
on
■,
prov. for Fed., inc.
security,
taxe6)_
of
?HEET,
OCT. 31,
Reading Co. for ownership and .continued management and
ation.
oper-
;
•
;
ASSETS—Cash,
United
(at
in
cost),
$20,000;
ventories,- $57,268;
interest,
of
and
Philadelphia, Newtown & New York RR., $850,000 first consolidated
mortgage bonds pf.Reading & Columbia RR., and $350,000 first .mort¬
gage bonds of Stony Creek RR. in connection, with the merger of the
properties of such companies into the Reading Co.
*
'
and
registered
with the SEC 40,000 shares ($50 par)
$0,938
The compahy's share of the proceeds will be used
of Self-Locking Carton
Co. common stock,
shares
to purchase 600
making
owned subsidiary.
After this purchase the 117,296
Shellmar stock owned by Self-Locking will be cancelled.
wholly
1945
that
a
shares of
|
accounts
tion
The
1945
$271,752;
accounts
receivable ' (after
reserve
for
of .$.18,159),,
$102,327; inventories, $69,880; invest¬
States, of America -certificates of indebtedness,-Ve'U
doubtful
ment
Commission authorized the Reading Co. to assume obligation
liability in,respect of $594,000 first-mortgage bonds of Colebrook¬
RR., $565,000 first, mortgage bonds of .Gettysburg & Harrisburg
Ry„ $797,000 first series mortgage bonds and $1,125,000 of second "s
series mortgage bonds of, the. Perkiomen RR., $280,500 of preferred,
*
mortgage bonds and $100,000 of mortgage borids (not preferred) of
the Philadelphia & Chester Valley RR., $1,599,300 first mortgage bonds
i
and
dale
in
-
other investments
of
prepaid
fund,
reserve
$2,506,104/
$455;
$60,481;
$55,295;
.
credit
interest at
1)00;
3.'m
unearned
-
fixed
$12,159,598;
LIABILITIES—Accounts
crued,
expenses
value), $1; other in¬
deferred charges, $92,793;reserve for deprecia¬
(nominal
.
the
$103,072
$152,056
$11,578
has
se¬
4%% preferred stock and 150,000 shares of common stock (nor par)
for public offering through Glore, Forgan & Co. and associates.
Tho
common will be offered for the account of existing stockholders.
•
BALANCE
-
Dec.-19
approved the merger of the properties of the 1
Allentown RR., Colebrookdale RR., Gettysburg &
Harrisburg Ry., NorthEast Pennsylvania RR.,. Peoples Ry„
Perkiomen RR., Philadelphia &
Chester Valley RR., Philadelphia, Newtown A New York RR., Picker- ■
Ing Valley RR., Reading & Columbia RR. and Stony Creek RR. into
taxes
company
of
|
Shellmar Corp., Chicago—Shares Registered—
The
i--
" '
*
\
,
The ICC
'
$897,005;- unrealized appreciation
total, $1,274,707.—V. 162, p. 1808.
curities, $53,374;
70,909
;
per
carrying/securities at cost,
81,875
71,164
Crl0,899
__—.
notes due March 1, 1952,. $960,000; accrued interest payablo
junior notes (payments due beginning March 1, 1938 deferred aa
vote of. the trustees), $475,200; deficit per books on b£(siS' of
junior
$255,856
.
75,000
depreciation
Other,, additions
.
1,905
$287,320
-
income
LIABILITIES-—4(4 '/o debentures due .March* 1, 1952 under extension
agreement, $240,000;
5 % debentures due March 1, 1952, $435,000;
accrued interest payable on senior debentures, $8,138; 6%
series A
on
$253,983
1,873
$285,416
//
Total interest changes
,.
,7:23.77/
/
.
Total
.
536,984
78,570
12,254
-
operating •, income—
Otheriricome;/—
>
.
Per
•
1944
$881,791.
584,284
77,550
7
Net
/ The'Company reports market values', of/assets available for each'"
class of its outstanding securities as follows;
Nov. 30 '45 Oct. 31 '45 Nov. 30 '44
Per
1045
$966,593
.
revenues
Operating and general and admin, expenses,
and
assets
(after
total. $12,774,074.
payable,
$131,151;
taxes
payable
and
ac¬
Sinclair Oil
Corpv—Shares Registered—
The'company has registered 100,000 shares of common stock witlx
SEC which are to be offered for the account of existing stock-*,
The identity of the seller will be revealed in a later amend¬
ment.
The shares will carry the right to receive the dividend of 25
cents payable Feb. 15 to stock of record Jon. 15.—V. 162, p. 2190.
the
holders.
accrued
expenses, $63,306;
reserve for contingencies,
balances in accounts receivable, $16,434; cumulative
per
1, 1936, $318,advance, $2,083;
annum on income bonds, dated Oct.
income,
business
rentals
received
in
funded* debt,. $9,000,000; "reserve for replaceinents of linen, china, glass
silver; 85,041; reserve for replacement of air conditioning equip¬
ment,'$4,400; class A common stock (par $1J, $82,050; class B com¬
mon; stock
(par $1/ $27;350; capital surplus, $4,769,901; earned def¬
icit, $1,761,919;.total, $12,774,074,—V: 162, p. 1930.
Sioux City Gas &
Appointed—
Electric Co.
—
Transfer Agentj etc.,
,
The Manufacturers
Trust Co. has been appointed New York transfer
agent for the new common and preferred stock, common stock - sub¬
scription agent and preferred stock exchange agent. The Chase National
Bank of the City of New ..York is registrar of the two issues of new
stock.—-See also. V. 162, p. 3119.
,
Vhe
3200
COMMERCIAL
FINANCIAL
&
CHRONICLE
Monday, December 31, 1945
'
EARNINGS
Building Co. (Swelldom Building)
(Lincoln Building), Los Ange¬
Sixth & Broadway
.
TRANSPORTATION
OP
Statement—
dend
of
stuck,
par
share
per
June
1
cents
and
41,019,035
35,827,978 407,012,928 383,143,051
Net
per.
Dec.
Fed.
(Federal
OCT.
"Net
11
Bldg. Co.
Bldg. Co.
37,526
1,853
—-
Amortization
taxes
458
leasehold—...—.
of
ry.
695,166.
7,580,253
1,668,497
Cr6,056,727
14,044,269
96,174,213
Crl48,481
1,830,926
22,169,944
824,211
11
1,007,286
to
1,158,649
of
income
1945
31,
ASSETS—
items,
the
of
deducting
(1)
current
Federal
accelerated
year.
income
Accounts
receivable
Post-war
refund
Leasehold,
(trade).
of
estate,
Pacific
earned
Atlanta
1
RR.
Co.
surplus
first
in
excess
of
in
Profit
Gross
315
19,151
rent
Salaries
and
(2)
of
of
$1,600,636
1945,—V.
in
162,
9,643
$114
$2,141
10,310
10,310
&
Charlotte
Air
Line
Ry.
Taxes
payable
accrued......
or
37,279
162,
Capt,
2,400
r_
deposits.:——_____—
Capital stock of $1 par value
1945
"
20,620
*■
-
>
1945
162,
'
;
Net
'
•
.'
$
$"''■* '
■
109,632
ry.
and
Misc.
B.
Doe,
Thomas
A.
Vice
President/ has
Morgan,
Officer.—V.
who
elected
Chairman
President,
and
income
deducts,
Inc.
avail,
162,
2861.
p,
.
.
Nov.
reduces
,,*'••
accumulated
—.
fxd.
v
2%ft.
3011936, to
-
Amort,
of
Div.
On
1945—10 Mos.—1944
.•
$213,787
10,462
8,711
$17,950
1,364
$224,249
/
4,551
15,928
16,586
TO~385
102,945
162
•
~.L
•'"""367
;
depreciation
Net
_,_$
10,205
■
.
OCT.
* / '! !
" 'J '*
of
71,160.
-
31
in
stocks,
affiliated
balance
bonds,
-
and
11,503
from
agts,
and
receivables._—
39,548
100
•j
,J"
.
,211,075
•
Total
J,
Central
troller
—V.
Marketing and of
announced
was
162,
Vice-President
,
;
of
Roberts 4is Treasurer and Comp¬
Arthur T.
•
.
'
61,661
.
accounts'
Accrued
interest
142,651
146,320 *
—.:
Analysis of
T 4,479 "
-
Southern Colorado/Power
Electric
U.
(Cr
■
..
1,740
/.
102.945:
103,849-
452,882
r
">
Other unadjusted
!'—V,. 162, p. 2686,
..
taxes'-
taxes..
credits.'.....-..!......!....;
,
.
.
$1,286,279
405,701"
$2,520,553
.307,452
52,181 .'
' 52,720
"
139,562
- '
Sport Products, Inc.—Earnings, Etc.-—
output
C©.-1—Weekly Output—
Hugo
factory
spite
V.
3119.
Southern Pacific Co.—Record Passenger Haul—
As
draws
1945
to
r
nning about
six
?
es'dent, said
on
«etivities.
the
Dec.
Pacific's
Southern
close
a
times
pre-war
in his year-end comment
27
/ " "■
-
'/
traffic
passenger
miles,
passenger
T.
A.
on
•*'
the company's
fnnel
since
Tyceeding
1
return
e
able
to
;!
ck
of
7
om
about
show
in
build
all
system's
decrease
a
1944,
started
but
of
Southern
of
since
cars
received only
ra'lroads
miles
have
Pacific's
to
before
for
1945, it
from the
those
shortage,
manpower
to
sleepers
to
handle
•
estimated/will
was
all-time
record
of
1939,
highs.
all-time
successive
and
due
war
troop
upon
i, »•••''>
movements.
freight
carriers,
having been
the
1.200
called
conflict.
October
Without
about
approximately 6%
nearly three times
climb
through
been
st'll
are
five-year
a
passenger
volume
December.
in
organized troop
ton
in
grew
peak
a
the
time during the actual
estimates furnished the
any
Navy
and having
Government,
of
men
to
uo
new
any
priorities,
95%
The
built
at
and
Army
of r service
and
the
than
Day
Official
>vember
■
V-J
set
when
were
than
it
employed
5.000
was
its
further
needed
sk lied
at
186,266
!.*'
serve
worth
in
For the
the
of
new
closing
capacity
Southern
needs
last s'x
much
of
Debt,
other
its
freight
months
has
and
than
equipment
$235,000,000,
operations,
has
Ir55
as
been
it
*'*-""->
*4* 1.0^0 000.
stands
reduced
and
rail
as
aggressive
an
agriculture
Orders
were
a
for
placed
for
nearly
by
the
it was emphasized, Southern Pacific has de¬
earnings to the betterment of its financial struc¬
obligations,
or
1.
Pacific
before,
ever
years,
resulted
000,000
More
1945.
refunding
J"*1-
than
business
of
cars
of
approximately
have
work.
company's Pacific Lines alone,
unskilled jobs.
and
the
maintenance
at
by
the
which
We
disclosed
also
was
that
the
firm
has
corporation
4851
Spring
out
that
lot
a
installed
Dayton,
in
this
It
disclosed
Goldsmith
is
operations
will
Ohio
and
has
reaay
of
be
the
"in
the
very
to
Cincinnati
anticipated
161,
•
r
future
Inc.
and
now
will
all
manu¬
located at
relocated
be
to
have
the
rew
plant
in
full operation by April,
2339.
p.
and
32.8%,
in
it
as
evjsted
close
of
1945.
$9,746,000
or
31.4%
has
this,
been
coupled
reducing
debt
Jan.
Annual
since
1.
reduced
with
1940,
interest
Dec.
31,
by
major
maturing
to
by
$68,-
charges
1939.-
(E. R.)
which
I
and
provision
for
renegotiation
history.
were
After
amounted
close
of
to
the
Dividends
the
common
$4.11
preferred
per
$10,846,322,
dividends
share
of
of
common
the
highest
in
the
stock
of
S2
per
fund
share
$472,103,
stock
per
1
$37;465,545'
Yt
* T-
income);
on:
discts.
*
—•—
...
611,140
'
1,050,021
*
1.
5,688,322
-
"t I/;
'> '*
1,136,720
1
1,845,607 >
•'•!* : 1..
./
-
preferred stock, series" A! (57,005—!_i
'
> 4,772.994
j's;.;;v
•' !■ 83,^00
86,894 '
•
'5,700,500 ! 5,700,500
series B (42,par4,286,800 > 4,286,800
no
net
outstanding
annum
appropriations
for
and
(495,958 shares,
-
*
)_j_.!l! r, >2,269,275
—I—.1!.™ *
641,677
!
>2,269.275
par
no
*
640,057.
! ;
'
;
—
11,813.622 :-10,818,477
stock-..
104,342
-* •
50.559
■
-
285.392
247,450
$40,878,071
—
$37,465,545
earnings
at the
paid on
retirement of
>
,
($181,195)
1945
anticipation notes totaling $3,478,701 in
reserve for depreciation of $3,543,017
and reserve for amortization of $1,-
S. tax
1944.> tAfter
$3,579,046
1945
and
in
1944
$641,285
amendment
stockholders at
by
provides
to
$1
for change
value,
par
162,
•
of
in
1944.
'
in
certificate
the
to
special
a
each
par
of incorporation was
meeting held on Dec. 27, 1945,
value of common stock from no par
Share to be exchanged for three
present
3120.
p.
-
•
'
.
T
'
'
•
Approval by SEC
$51,000,000 Bank Loan—
The
to
the
debtedness
asked
Securities and Exchange Commission
The company proposes to use
the
bank loan of $51,000,000.
a
with
proceeds,
and
group
participate
in
cash,
to retire $59,000,000 of its
in¬
cash
which,
with
premium, - will
entail
treasury
in
notes
A
$59,592,962,
would
has
company
approve
of
the
about
loan.
11
The
banks
in New York and Chicago
interest rate would be 2%%,
-
Judge Paul Leahy of. the U. S. District Court at Wilmington, is
expected soon to decide on the motion of Standard for an order
disapproving
its
pending
recapitalization
plan
as
unfa'r
and 'in¬
equitable,
The company also seeks to dismiss the petition of the
SEC lor an order to enforce the
amended plan.
■
30
SEC
Dec.
on
26
filed
suggested
form
its
of
of the
days from the date
tion
with
the
U.
S.
District
Court
at
Wil¬
which would
give
Standard
decree, to call for redemp¬
outstanding notes and debentures.-—V. 162, pp. 2862, 3120.
a
Standard Oil Co.
Resignation
directors
on
Dec.
becomes
the
20
decree
issuance of
"with
in
career
board
(New Jersey)—Changes in Personnel
Ralph
Chairman
effective
company
business
of
and
at
W.
of
deepest
Dec.
v;-
1
560.039-
.'849,037
'*
•
-
.116,297
.
,->•
v;-..
other:'reserves—^_!__!!.v._!;__*
shares.—V.
The
rate
and, sinking
7,244;,856
the
year.
at
928,546
7,748,372
>.
';
1
Standard Gas & Electric Co.—Seeks
provision,
deducting
1,474.887
.
-
dated
-,f
The
company's income
tax
burdens,
including
however, rose from 67.4%
for the previous
year
to
75.8%
of net profit before such deductions
for the current
year.
After providing
$8,223,727 for these items and after adding
$110,000 to
contingency reserve,
the company had
net
income
of
$2,512,595.
renegotiation
410,540
,.
1,150,985
1,064,395
'
:_
proposed
mington
earnings of the company and its consolidated subsidiaries for
year ended June 30, 1945, before income and excess profits taxes
company's
value
The
Squibb & Sons, N. Y.—Annual Report—
The
the
36,746
-
•
Split-Up Approved—
new
acres.
near
Golf,
MacGregor
transferred
;
...
taxes^
deducting U.
1945
The
lor
many
plant.*
new
1946.—V.
in
the
that
,.v'
stocks!.!.!:!!—.174,699
funds
debs,
.....
approved
building is now being remodeled to
accommodate
manufacturing facilities for golf clubs, golf balls and
sportswear, as well as to house the produption activities of tennis and
badminton rackets acquired last year in the company's acquisition of
the Hall Manufacturing Co. of Boston, Mass.
>
•
Mr.
17,725
and 4,394 sharesnt
June 30,
1944
($196,964); $5 cumulative preferred stock, series A, „v
purchased-and held in sinking fund, 111 shares ($12,177)'at June.30w
1945, and.,41 shares ($4,476) at June 30; 1944; $4.25 cumulative pre¬
ferred stock, series B,, purchased and held in sinking fund, 856 shares
($92,020) at June 30, 1945, and 428 shares ($46,010) at June 30,. 1944. •
athletic
in
manufacturing
for
covering 4>/2
28,296
-$1,785,696'■!-^lr51«,G73;
irom empt. wages!-! ."!> 132,288, .j.
11(6.044i
"Incl. 4,042 shares at June 30,
the past year
title to a modern four-story building located
Ave., Cincinnati, Ohio, which contains 140,000
Grove
pointed
was
.
stock
178,807 in
'
It
.
,
.4;/: W
surplus
acquired
feet of floor space on
square
82,957
-
16,436,540
—
par)'-!
no
(After
items, applicable to the company's products.
his
report, Mr. Goldsmith recalled that during
In
at
1,476
18,558^641
$40,878,071
1945 and $921,894 in
.
plastic
the
389,863
J "Common xtock purchased and held in treas.!"
"indi¬
equipment
6,382;53i
6,924,914"
^
surplus:
to re¬
supply
athletic
specially-designed
new
declared,
Goldsmith
Mr.
<net)_—
Unappropriated.
Appropriated for retirement of pfd.
;
equipment not only
customers but also to
year,"
for
and
shares
Total
^
;
inventories .of our
needed for the tremendous expansion
anticipate in the immediate future."
equipment
operation,
coming
demand
.
ekcr
accruals....
Earned
.
the
on
greater
expansions,
to
track
development of the West, Mr. Mercier said.
$24 000,000
ture.
wartime
plant
wartime
program
company
voted
in
phys'cal
of
postwar
now
are
announced,
With
result
men
for
the
depleted
the
activities
It
for
increased
facturing
which
imposed
a
severe
during the war, still continues and in recent months has
aggravated by the repatriation of thousands of Mexican nationals
who
plenish
they
handicap
been
outlook
an
,
$4,486,955
MayU, 1941i.u_i •• 4,000;000 V 4;000.(MK).
for postwar! adjusts, and conting.—'! !
903,023 M !793;023
for. foreign exchange fluctuations—'e 09,557
Common
.
"The
cates
(other
misc.
Capital
production
athletic
1
■/.
While freight-traffic
eased off with the decline in military shipents,-this company has been carrying more Army and Navy per-
1
868
!
difficulties,
government
regulations
and - tax
re¬
through
caieful
planning
and
management,
the
cor¬
poration has been able to maintain its earnings,"
Total consolidated
net earnings
for the fiscal year ended Oct. 31,
1945, amounted to $215,567 equivalent to $1.44 per common share.
is
Mercier,
advances
,i
1944
.
80,237
~
receivable .(net)_.____.2._ *
of Canadian
and
*
strictions,
162, p.
$5,-
30
$4.25 cumulative preferred stock,
Goldsmith, President, at
the. annual, stockholders' , meeting
18, reported that "the company's business has been' satis¬
during -the
past
fiscal
year.'! He.' pointed hut
that
"de¬
Dec.
on
Power Company for the week
compared with 2 165.000
an increase of 2.1%.—•
Colorado
of Southern
tided Dec; (.5. 1945, totaled 2,211.000 kwh., as
1 wh. for the'corresponding
week last year,
3945
of
-.
1
.-!
,
1945
secured/
incentive
shares
'
JUNE
•
accounts,
$5; cumulative
1,295,350!.
16,195",
series C___—2.
notes,
of U. S. excess profits taxes—
non-consolidated subsid. (principally4
Insurance
■
360472
,
-
....
liab.—U. S. Govt,
Govt,
in
taxes
$4,894,145
—
than
1:
.
OF
profits taxes
and Canadian at June 30,' 1944')——-.
Reserves
9,796.
496,287!
AS
refund
Reserves
1,671
,3,613
,765
,
hand
on
savings
20-year sink...fd.
}
120,909
17,605...
SHEET
tProv, for :Ui S.^ani:foreign taxes on*inc;-rand I"
renegotiation -—.....j—
.
464,708
:
and
from
and
.
$3,012,341-
$91,279 ^ ! '$G27,066
payable;.,!,!!
.!
payable..:
tax
$4.05
$43,438
profits
payrolls; 'etc._i.v._—
,
♦
accrued
S.
968.813
y
$4.11
$3,804,815 for 1944.
Taxes
~6~400-
*
.
L"','
liabilities.!...,....—
accrd.
Other than
991.564
excess
Commissiohs,
'
$1,965,810
ITEMS—
payables
•i Accrued, tax. liability—
Other current liabilities.!.!
)
and
S.
134,164
141.083
/
.
Treasury
Profit
1,202
2,547
accounts
current
U.
net
BALANCE
„.Diys. payable on preferred
Accrued 41abilitiesj
308,121*
matured
Unmatured
*s
——
.
exchanged)—
tlncludes
} Federal inc. tax withheld
"""*
"
unpaid.....—__s.
Dividends matured unpaid—
a
*
234,925
bonds of Jones Estate Corp.,
on
633,884
>
382,401
c——-:—_•
and: wages
accounts
(incl.
series B
shrs.
on
282,376
2312.
p.
232,512
..
($2 per share)—-—share
CONSOLIDATED
LIABILITIES—
Acpounts payable
800,000
t.
4,503.
54,444
receivable.^"™--!----.---'-'
Traffic and car-service balances
Miscellaneous
:
charge
in
Dec;. 26.-,The retirements take effect Dec. 31.
on
50,000
$2,389,816
exchanged )—
Total —;,—
1,084.167
650,000
/;
current, assets!™—
Audited
shrs.
on
5c
1944.
(substantially
!
*
402,995*
,
cond.
current' assets........
Interest
accrued liabilities,.
Socony-Vacuum OH Co., Inc.-^-Officials Retire—
as
110,000
$2,512,595
98,508
surplus
Prepaid expenses .and deferred charges..'——1_
(Property, plant and equipment—
Goodwill
100
1" 76,565.
,
accounts: receivable—
SELECTED LIABILITY
earned
pfd. stock,
of
stock
common
in
Investments
"
»
.
supplies..:—_
Interest and dividends
cumul.
per
(U. S.
/ ' $27,283
,
.
than*
other
etc.,
companies—-V-----
receivable
to
pfd. stk, (from July 12, *45)
pfd. stock, series A (incl.
adjust,
Post-war refund
;
1945
31,
(trade);' $1,070;
-Arnott
5,043,896
$2 ,439.816
contingencies....—
accrued interest on bonds in 1944)—.-.—'
•*. Inventories- y——
Loans and advs., to .Officers and employees—
:
E.
for
transferred
common
Post-w.r
Due
■.•.V1944 V
-
$26,250
.
debits——
accounts
Accrued
l945
S.
Notes
99,914
1
,'
-
■
j
Total
Charles
8,223,727
$2,622,595
year...—
Cash in banks and
U.
.
'Value, $1,553; deficit, $118,851; total, $737,568.—V. 162, p. 501,
of
in¬
on
(Inch wholly-owned subsidiaries in the Western Hemisphere)
,
better-,
for
Materials
*$853
J$2,826; taxes payable br accrued,' $26,071accrued interest ;on bonds,
•-<46,5907 lease deposits and :advance: rentals, $1,810; income: leasehold
mortgage bonds, due.Nov., 1, 1956, $776,500; capital stock of $1 par
-Retirement
65,730
„
ASSETS—
better-^
(gross)
Miscellaneous
766
ASSETS—Cash, $12,034; cash' held by' co-trustee under terms of
trust Indenture,-for payment of lease deposits, taxes,- bond interest
mnd
bond retirement," -etc.,' - $40;765;
accounts- and -notes receivable:<trade),- $1,9577 'leasehold 'estata1, -equipment,- .etc., ! $634y448; prepaid
expenses *rtd -deferred charges, $48,364; total, $737,568.LIABILITIES'—Accounts*payable
,
V >71,160
.
Net
j
n
^
163,428
.
ITEMS
and
unadjusted
Other
OCT.
J
" " 62,753"
.
Temporary cash' investihei3tts__.^i.l'i..li*„L--Special deposits........—....—
^
"Deficit.-
SHEET,
\ 2,227
additions and
(equipmenty._"./_l_l___"_'_/.
ments
ments
11.647
$1,855
expense:.—
profit
BALANCE
12,130
50,515
,
cumul.
$79,389
>
$97,981
39,336
21,364
,
41,652
Cr6,715
1"
;
(gross) for additions
(road)
!_—
those
766
•!
stock.:
common
Expenditures
on
80.356
10,212
—
bond
of
3,996..'.
15,601'
proj." '
on
"
*•
.<
11,648
...I...——
•
•Amortization
.
possible
renegotiation)
renegotiation
—
280,101. for fiscal year 1945
103,849
'$116,591
$6,201
4,138
Cash' LI
06* 331
83,851
.v..
IBtpensesand taxes™——
$5,634
___
I...!!."...
defense
Investment
Interest
taxes
646
23,495
....
foreign
9,481
12,903
(net)——
years
173.042
.
9,286
*
219,698
10,294
2,315
income
taxes—- - Cr50,000
appropriations—'
Other
Bond
and
130,000
—
...
for
for
for
$4.25
on
3,453
$18,243
^SELECTED ASSET ITEMS— 1
°ctr- 31/45
"
'Gross' in com e -■
expense
..j.
S.
U.
44,845
$7,729,526
...
and
prior
"Including interest
and
.
$205,590
Expenditures
...
ENDED OCT. 31,-1945
YEAR
ACCOUNT FOR
INCOME
,
debt
adjust, of 20c
Earnings
,
$196,879
996
'SELECTED BALANCE SHEET
,
€ Months Ended—
48,221
14.228
reserve
$5
1945
Divs.
'
.
$16,954
chgs. !
income
Federal
"
,
sinee- Reorganization
interest
unpaid
81,295
-
—
$4 cumul.
1945
Divs.
•
:
1,094
inc.
charges
Depreciation
Wildey
Ac¬
&
Interest-r-Earnings, etc.—
1, last.
This
to
on
in
;
$17,149
----/
from
for
holders .of .Income
-June
,
29,064
discount
for
income
on
Divs,
remains
.
income...
oper.
Contingent'
Dec. 1, 1945, made an interest'payment
leasehold, mortgage bonds dated, Nov 1
on
debt
income
Net
been
becomes
1945—Month^-1944
Fixed charges
of 3V*%"
lv 1936.
"Ibis distribution -represents an interest payment of 1 Vz % for the^ six
months ended Oct. 31, 1945, and a payment of Hi•%.* on account of
accumulated
interest.
A rtotal
distribution of 3Vi%'. was made on
The'company
;
to
1,050
94,370
■
of
$11,089,736
...
"
Building and Annex), Los Angeles, Calif.—Reduces
,
bonds
of
.....
(adjusted
Addition
;
-
$494,544
(Edwards
Co.
redemption
Corp.—
provision
Net
'
Building
Grand
South
$7,541,040
1,134
60.141
'
6,439,^211 309,706,613 329,680,090
,
income..—_.!___!■
Net
609
receivable
on
long-term
on
of
come
;
crued and Unpaid
1944
1945
for reneg.). $10,903,874
prov.
accounts
interest
(Provision
Dvis.
Thomas
Total
20,620
11—
501."
p.
Hemisphere)
the Western
*
*
(before
and
Charges applicable to
Sundry charges
"1944
3119.
p.
Executive
Other
429,825
—-
Total
—V.
have
,
JUNE 30
YEARS ENDED
ACCOUNT,
profit
Other
Jan. 1 to Dec. 14—
1944
5,345,056
—
Period End. Oct. 31—
1,290
—
$180,518
11—J
Surplus _.i
the
investments..
Estate
Amort,
«-
Spokane International RR.—Earnings, Etc.—
1,565
13,182
163
accrued......—
Lease
that
INCOME
opers.
notes
realized
Interest
and
1945,
2861.
above.
$
earnings
Chief
15,611
accrued—:—.—.——-—-
etc.,
believe
provision
made
to cover any net adjustment which might
result of subsequent renegotiation procedure.
a
from
Total
(premium
Nov.,
p.
from
Jones
in
wages,
prior fiscal years have
"renegotiation" adjustments.
been
renegotiated.
The
final net profit figure would be
for
taxes
and
renegotiation
is
not
Royalties received
Sundry income j...
1945,
Sperry Corp.—New President, etc.—
$494,544
...
payable (trade)...—
payable..;....——
Ground
three
discounts, returns and allowances) $53,553,462 $47,982,533
selling and gen. adm. exps.
42,649,588
40,441,493
on
Profit
LIABILITIES—
Dividend
as
(less
"Income
and
redemptions
Nov.,
1945, and
-Week Ended Dec. 14-
succeeding
Accounts
made
Interest
reductions
tax
profits
$6,900,174
refunding mortgage bonds
1945).
\
—V.
429^882
109,816
equipment, etc..—
and deferred charges.
$4.25
year.
have
year
the
be
to
5~214
tax..—--
$180,518
Prepaid expenses
•*'
$54,704
~
—
profits
excess
and
added
5.42
times
cqmulative preferred
Cpst of goods sold,
'
v
■.
and
amortization
V-
Bldg. Co.
$46,337
be
Sales
47,893,349
charged (1) for maintenance of way and struc¬
$1,891,423 in Nov., 1945, and $5,493,954 in the
Nov. 30,
1945; and (2) for maintenance of equip¬
to $6,246,600 in Nov., 1945, and $19,197,710 in the
i Period-r-
Bldg. Co.
-
—
43,830,583
,
Lincoln
,
.
Cash
3,363,620
Southern Ry.—Control of Atlanta & Charlotte—
Sixth &
Broadway
to
CONSOLIDATED
to
ended
Southern
See
BALANCE SHEETS, OCT.
$5
the
the
(Including wholly owned subsidiaries in
charges on outstanding debt, or other
(After including accelerated amortization
$20,822,075 in the 11 months ended Nov. 30,
6,021
——
to
interest
$6,021
10,310
—-—...
not
facilities
months
tAfter
due
income
oper.
amounting
charged
$11,018
profit
Dividends declared—....
current
21,052,064
74,754
(net)..
of
of
for
be
covered
ample
116,688
81,978
(net
shars
close
to
';
,
were
the necessity for any
the
company does
affected
since
12,781,861
50,046,306
11,744
;
'
CT5.191
$5,639,037 in the first 11 months
Net
1,179,107
7,961,540
1,771,744
—
>
,
requirements
contracts
without
for
of
the
at
believed
7,531,671
•
government
Contracts
city
provision for
months
first
11,250
income
on
655,182
amounting
ment
$68,370
54,194
6,510
1,645
$62,105
.....
Depreciation
Federal
Lincoln
—
....
taxes.—
and
taxes..
rents
defense
tures
Broadway
income
6,954,408
I
non-operating
of
31, 1945
Sixth &
Expenses
number
outstanding
been settled
'
.
dividend
•
ENDED
FOR SIX MONTHS
ACCOUNT
the
on
stock
193,511,542
6,998,054
_!_i
rents
facil.
"Before
LOSS
based
surplus.
stock
'
'
Gross
taxes
taxes
Equip,
Jt.
capital surplus.
AND
15,757,981
641,117
145,345,139
005,806
and
county
Misc.
Dec.
PROFIT
-—120,061
taxes
Co. also paid a
Building
opers.
taxes.
ry.
insur.
retirement
State,
1944.
1,
fr.
rev.
Unemploy.
dividend of 50
1, 1945, to stockholders of record Nov. 15.
This payment
represents a distribution of 29.2 cents per share from current earn¬
ings, together with 20.8 cents per share from capital surplus.
An
initial distribution of 35 cents per share was made °n June l, last,
of which 4.35 cents was from current earnings and 30.65 cents from
The Lincoln
on
40,898,974
oper.
amounted to $53,783, leaving $995,145
stock
consolidated
Preterred
$
576,654,603
All
Co. on Dec. 1, 1945, paid a divi¬
share (out of earned surplus) on the capital
$1, .to holders oi record Nov. 15.
A payment of 25 cents
was made on June
1, last, as against oO cents each on
50
revenues.,
Broadway Building
The Sixth end
i
the
(Railw'ay oper, ■ expenses
Railway
v
<
preferred
1945—11 Mos.—1944
$ ''
* 1
$
51,585,959 552,358,067
!)>
Financial
Dividends—Issues
Larger
Calif.-—Pays
les,
SYSTEM
1945—Month—1944
Period End. Nov. 30—
and Lincoln Building Co.
31.
Gallagher
as
Chairman
the
board
of
was
announced
resignation
the
executive
of
regret" by the board.
The
Mr. Gallagher, who became a
committee
director
of
1933, is retiring after spending his entire 49-year
Jersey Standard and its affiliates.
the same time announced the election of Frank W.
with
were
(Continued
on page
3237)
'
-
•
•"
■
1
*
Volume
Stock and Bond Sales
DAILY
...
.
.
...
.
IriMuy
-
Dec. 22 v
Prices
Dally Record af U. S. Bond
—
Securities
4%i, 1907-52—
..
.....
Dec. 24c.
■
.
■
iir--j
32d of a point.
-
—---
-i—
■]
I.; !
-it-
i
2
unite
Vis,
units—
Sept.,
1967-72—
*1
-
sales
Total
*3
Holiday
,-
„
'■'.'■7.,
sales
in
$1,000 units
High
Total
2%s,
♦
$1,000 units
Low
$1,000
in
2%s, June,
1959-62.1
•'/ '
"
2
"
Vis,
2
1959-1962-
Dec.,
Low
.
in $1,000 units—
•-
2s,
I High
;■
•
,
Total
fHigx.
Total
Total
Total sales in
1949-53--
Total sales In $1,000 units
2s,
(Low
■
'
(Close
(High
-•
Low
Total
Holiday
■■...'■•
Total sales
—
[Close
.
.
.
Total sales In
$1,000 units
units
[High
_4 Low
:
(Close.
units
Total sales in $1,000
—
•'./
f High
2%s, June,
Low
i
1964-1909
[Close
(High
2%s
[High
\ Low
'■■-■V.
1%S
[Close
Total sales In $1,000
units
—
Total sales In $1,000
Total sales in
101.10
101.3
101.4
101.4
(Close
101.3
101.3
3
5
LOW AND mOK SALE PRICES
Wednesday
Tuesday
S par
share
t per
82%
82%
107%
108
Vi
17%
21%
preferred-
Adams
200
32%
31%
32%
31%
32
r
19%
56
19%
19
x54%
125
9
55%
125
*122
8%
9
•
18 %
54
*122
8%
5%
18%
3211.
—No
—
Admiral
Air Reduction IncAlabama
5,400
25,700
5%.
5%
56%
57
69
70 %
*69%
f
39
39%
38 %
39
105
*101%
105
%_
%
39
*101%
5%
105
9
Jan
15
9% Jan
2
25% Apr
23
55%
23
23
*22
23
*22
188
188
190
187
56
4,800
71%
1,100
4,500
400
23
1,200
187%
23%
?73'8
237
23%
34%
34 V
33%
34%
&
_—_1
•
Dec
——
No
21% Dec
10%
Jan
14
Dee
26%
Jan
33
Deo
19%
Jan
24% Oct
6
17
21% Dec
12
2
22
56
122
—.
26
Dec
6
16
75
6 % Dec
17
2
60% Jun
21
17
6
Dec
56
Jan
23
74
24
42% Dec
Jan
11
]3 % Jan
2
—1
par
No
ear
8
91
153 % Mar 16
5%
Jan
July
Dee
Mar
Jan
S8
Dee
37
Jan
82
Dec
24%
Apr
Jan
28% July
91
Dee
Dec
17
25 Va Dec
5
70
194
Dec 10
141
2
10
27% Aug 21
36% Dec
8
7% July
3% Dec
Apr
23%
108
24% Dec
15% Jan
43
100
*
22 % Jan
-
t
37% May
Dec
par
100
^
9% Nov
par
No
Allied Klc? Co
2
2% Jan 2434% Jan 22
6 % Jan
<
Dae
10% DM
6
Dec
100
Jun
84
Jan
8% Aug
30
17
—1
preferred-No
Alghny Lud Stl Corp
No
Alleg A West Ry 61b gtd
$2.50 prior conv
47
10
35
22% Apr
Gold Min
Allied Mills Co Inc
27
,„1
98 V* Jan
1,500
Dec
114
108% Nov
17% Dec 26
34% Nov
!: 38% Jan
& Dy«
114
share
84% Jun
Feb
11
32% Jan
-10
Chemical
15
Highest
f per
share
52%
47% Dec
13% Mar 26
Par
par
Allen Industries Inc
Jun
-10
Allegheny Corp
5%% pf A with $30 war
"Allied
115
per
13
24
—1
.100
Juneau
*
Nov
*
Vicksburg Ry
1,400
23%
34%
Alaska
Corp.
60
par
No
88
22
2.50
Corp
Address-Mutlgr
3.300
8%
5%
Express
Corp—
Adams-Millis
4,800
.
54%
71
5%
60% Jan
Lowest
% per share
share
-10
2,200
125
per
111% Apr
No par
.100
Acme Steel Co
3,600
34
33%
1,109
20 Va
43%
22%
%
footnotes see page
32%
20%
32%
188
186
For
4%
Abraham & Straus
Motors Co
ACF-Brill
43%
58 %
•
24 %
33%
220
21%
32%
*101%
105
22
32%
>.
10,900
17 Va
39
39 Va
"
32 %
16%
17 Va
70'/a
72
186
*22
16%
57
,
■
38%
20
•
44%
8%
5%
*23
115
20%
19
57%
*ioiy3
116%
*110
.
*42%
*120
8%
5%
57%
*69
*115
114
Abbott Laboratories
21%
55%
55 Va
8%
116%
114
300
82
(*32%
125
*120
82
44 Va
21
18%
18%
17%
32 Va
45
54%
82%
$
-
*42%
32%
32 Va
109%
17
32%
21%
*42%
82 %
v
Par
Year 1944
Range Since January 1
Lowest
Highest
STOCK
EXCHANGE
Shares
$ per share
share
■
32 Va
16
115
109 %
-
NEW YORK
the Week
Dec. 28
S per
*115
115
115
*113
82%
Range for Previous
STOCKS
Dec. 27
$ per share
share
tRegistered bond transaction.
RECORD
Sales for
Friday
Thursday
Dec. 26
Dec. 25
Dec. 24
$1,000 units
sales.
"Odd lot
♦a
NEW YORK STOCK
*82
—
i Low
[Close
101.10
$1,000 units
Monday
(Close
$1,000 units
Total sales In
101.10
101.4
[ Low
;
< per share
—j L°*
.;•
[High
f High
Dec. 22
(High
..
...
iy2s, 1950
units—
2Vis, June 1967-72-
Saturday
':
"
1948
j Low
\Close
Total sales in
$1,000 units—
1.
[High
:
2%B, 1966-71
(High
Close
Total sales in
1965-70
*%>
Low
Close
$1,000 units
104.10
units
Low
Total sales In
104.10
Low
4
Total sales In $1,000
$1,000 units
104.10
[High
1952-54
Dec.,
2s,
1 Close
Total sales In
103.30
5
-yti-tft;;
[Close
-
■
103.30
$1,000 units
In
2s, June, 1952-54
———< Low
1963-1968—
V2S,
103.30
Low
[Close
4
V.,-;
.
Total sales In $1,000
$1,000 units
f High
2
*
XVfHigh
.< Low
r, : - [close
1951-55
is.
-■{ Lew
,,
units
'
f High
2%s, 1962-67——
in $1,000
1951-1953—
2s,
Holiday
[Close
$1,000 units
Total sales In
sales
[Close
THigh
( High
[ Low
—_
Holiday
\ Low
1
[Close
Holiday
[High
1950-1952—
Sept.,
2s,
$1,000 units—
1956-58—.
—
.■
1952-54———
Total sales In
1950-1952
Total sales in $1,000 units
units
'
2 Vis,
f High
[ Low
'
.
March,
2s.
[Close
i
Total sales In
units.—1—
sales in $1,000
Total
f High
•{ Low
2%s, 1950-52
2 Vis,
Low
[Close
1949-1951—-;-—
Dee.,
:
(Close
•
•V
In $1,000
fHign
.
(High
—
j
(High
•{ Low
[Close
—
:
Total sales In $1,000 units
Total sales
$1,000 units—
Jn
'
$1,000 units
r-
—
■{ Low
[Close
;
2s, Sept., 1949-1951—
\ Low
1948
'
sales
$1,000 units
[Close
i'.
$1,000 units
in
1949-1951
2s, June,
f High
■i-
sales
j riigli
[Close
.-.v:'
Low
(Close
(Hlgn
j Low
,.■■■
units
]
In $1,000 units
Total sales In
8%S,
$1,000
in
1948-50
Dec.
is,
[Close
;
>%•, 1960-65
( Low
(Close
■
[High
1 Low
.
sales
units—
$%s, 1958-63
2%s.
$1,000 units
In
1948-50
March
2s,
[Close
•••;
Total sales In $1,000
Total Bales
sales
| Hlgn
(Hlgn
\ Low
,
.
[Close
Total
$1,000 units
1956-59
-
( Htgn
.
—„{ Low
1947
Close
l%s,
..
(Close
-
Total sales
L°w
^
100.18
in $1,000 units—
[High
[Close
.
100.18
(.Close
1
Total sales
100
100.18
Low
-
■
$1,000 units.—
Total sales In
Close
units
[High
114.25
114.25
I Close
units———-
1948-51
sales
114.25
[ Hlgn
] Low
Total sales In
in
I
[High
1 Low
.
Total sales In $1,000
sales
1956-59
Total
units.—.
•
1955-60
Holiday
f High
2%s
{Close
.
Holiday
Low
j Low
•
Total sales In $1,000
Low
(Close
Close
j Hign
■
101.10
101.12
)
units
3s, 1951-55
101.4
101.4
[ Low
1%S, 1954-58
{Close
-
Total sales In $1,000
101.4
;.
.•
sales in $1,000 units
Total
Holiday
\ Low
■
101.12
101.4
101.4
101.4
101.1
101.1
(High
f Hlgn
3S, 1946-48.
Dec. 28
20
/
'
units
k
,
-
*%S, 1952-55
{Close
Total sales In $1,000
,
Dec. 27
Dec. 26
[Close
Total
.
j Low
SV.8, 1949-52
Dec, 25
| High
•:I High
:
-
-
'
2%s, 1951-53
101.2
[Close
'
in $1,000 units
101.2
101.2
Total sales In 11.000 units
"'V','' "
■
Dec. 24
101.1
Low
Close
*
100.19
i Low
—
"High
100.19
f High
:■
..
..
Dec. 22
f High
—•{ Low
[Close
,
100.19
[Close
Total sales In $1,000
.
of;IJ. 8. Bond Prices
U111LB
—
———1 Low-
3%s, 1946-56
2% 8,
-
_
.'Dally Record
Treasury
r High
1946-49
.
i'i—»
Dec. 28
Dec. 27
Dec. 26
Dec. 25
[ Close
Total ealea In $1,000
3'/as,
the New York Stock Exchange
on
f High ] Low
•
YEARLY
-
transactions in Treasury and Home Owners' Loan coupon bonds on the New York Stock Exchange during the current
Figures after decimal point represent one or more
week.
WEEKLY
-
United States Government
daily record of the
New York Stock Exchange
«»
tmleae they are the only transections ot the day. No account la taken ot such aalea in computing the range for the year.
eelee ere «U*ec»rded In the days range,
NOTIC*—caafl and deterred delivery
Below we furnish a
3201
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4451
162
9% Jan
Apr
13% Mar
20
Aug
•
15% Oct
Dee
157
16%
38 %
Feb
STOCKS
9K*m4ay
Dec. 24
Dec, 33
I per
I per share
45'A
$
share
46%
104
137
*133
31%
31 Va
9%
10%
9%
9%
9%
65
62%
621/a
*148
*413/4
42%
42%
84 3%
39'/4
,*78
*22
21%
21%
*134 %
15%
16'/a
40
25
107
*105%
141
8%
-
♦37
38
50%
35
9 Va
9
57
'7.7
;
American
43'2%
9%
v>
9%
/■
American- Crystal
'
1091/4
'51
r
10
preferred-/—-'--——50?
American Colortvpe Co
500
-
57%.
*56
106
:
.105
:/
57%'
*56
:
■
7
>105%- 105'%
■•
106 /
,
13'A
13 3%
; 12%
*100'%
1013%
*13%
13%
%
50%
50
50i%
50'%
38'%
38%
118 3%
118%
36%
36%
37'%
36 •%
36%
18
18'A
18
18'%
173/4
173%
36'%
36
36
361/4
79
;
78%
11%
281/4
34
29
29
42
29%
42
63%
36
*160
53%
53
*?
V
48
187%
v:
187%
186%
88%
"*67%
25
10%
82
*81
43%
531/4
*42
31%
V 30%
128»%
10%
10%
*112'A
y»
128
27%
27 3 8
123
133'%
.
136
55
.;1
54*%"'
54
*106
18'%
18%
43'%
46 "/
46%
.
47
*128
129
129
*133
136
135
106
j
105%
76
37'%
37%
83'%
40%
'
*56Va
89
t
)*128%
25
17 3/4
1*113
■■X
81
401%
40
41
1191/4
118
107%,
6
14%.
Feb
28 V*
57
56%
76
90
No
130
*129
'
Nov
1
80'%
Jan
111'A
Dec
Nov
27
14%
Feb
24ya
Dec
6
8%
Jan
20
27
par
115
115
115
120
17%
18
"*17'A
17%
7
104% Dec
3
443%
Feb
66'%
Dec
95% Dec
3
40-
Feb
60%
Dec ,/*
193% Dec
10
9
Jan
12%
Aug
Mar 16
163
Jan
2
Jan
2
2
184
30 % Dec
115'%
11
12 V*
77;
7
117 V?.
25%
.
62 Va
13Va
Jan
18%
13%
Feb
19%
Dec
Aug 21
443% Nov
30
26'%
Jan
37 Vt
Dec
68'% Dec
11
36 Va
Jan
43% July
Dec
14
2
>
3
.
179
164*
41
147
2
;■ 28% Dec
Dec
28%
Dec
15
Jan
19% July
16%
Jan
28
r
10
Dec
Dec
3
29
Feb
56
Dec
19
111
Jan
132
2
53% Nov
17
31
196'% Nov
29% Jan
157
Jan
65
Jan
2
.
26% May
156
9 •;
13
56%
Jan
75
18
57%
Jan
3
161'% Dec
5
13'% Mar 27
24% Dec
>7 69% Dec
12
139
13
263% Dec
23
11
Apr
Apr
6'%
Jan
84%; Jan
8
6'/a
Jan
67%
Jan
-
31 % Dec
.6 >
Dec
140
100% Mar 26
26
v
11% Dec
53% Mar 27
3
4
1
100
100
56'%
*55%
91
91
V
:
18%
25%
115
115
115
■
28'%'
28
170
29
28%
28%' ■'
10
10'A
10
10'%
59%
60%
61%
60%
61J%
60 Va
60.3 a
2,200
33%
34 Va
25'%
26%
15,200
26,300
■
10
9%
.
33.100
107
Aug
Dec
Dec,!
22
44
Feb
65
Dec
-
2
49
Nov
28
24%
Jan
291%
Dec
6
57% Dec
10
25
Jan
39
Dec
to
Jan
109
6
-
17
Dec
10
Dec
49»% Nov
30
2312 Nov 28
9%
Jan
14'%
Dec
9% Nov
5
2'/a
Jan
4%
Aug
30'% Oct
4
Dec
3
4%
Apr
*6%
July
127'% Nov
27
7
8
74%
Jan
107 %
Dec
85
Jan
119
Jan
35i%
Apr
/
4'% Jan > 2
13
23% Sep
6% Jan
15
2
-
/
Nov
141
Mar 27
42 '/4 July 27
1063% Nov 21
7. 11%
10
-
593/4 Nov
108
x29% Dec
2
19% Dec
,
Feb
Jan
133%
Jun
27
Jan
19 %
Dec
90
Jan
113
85%
Jan
113% Nov
*'
Dec
Jan
20
47
Jan
3
140
Jan
4
139% Nov
Mar
9
15
108'% Mar 23
113'% Nov 27 j
45
105 V* Dec -26
31
76% Jan
101
-100
Jan ,30
301% July 27
Apr 20
110
Dec
120.
20
33
Dec *
Sep
108% Nov
83%
Dec
1061%
Dec
82
Jan
25
Feb
59y*
Jun'
76
24%
Jan
Feb
55
Dec '
387% Nov
114
Nov
Oct
Dec '
14% Jan
22
27% Dec
10
11=%
Jan
17%
55% Feb
\
19
58
Jan
23
531%
Jan
57%
Oct
941% Dec
17
62
Jun
60
—-100
113
Jan
Jan
2
77
Jan
2
114%
27'a Dec-
6
22
-
-
Jan
29
20
7
20
Apr
Dec
4
3
I
14%
Jan
84% May
,
15 7%
Dec
3%
Dec
13% May
Jan
66
-10% Dec
63
1203% Aug
14% May'
.
29
Dec 22
NOV
131
24
6
Apr
May
13
20% Nov
2
51/4 Jan
53% Dec
52 V*
112
Dec 26
130
25
18% Jan
10'% Jan
Nichols——*—
;
6
Nov
Dec
1:
B
341/4
34%
34'%
35 % *
33%
34%
'J
251/a
25%
26,
26%
25
26 %
i
401/4
40%
40%
41
40
41
;■
20%
21
21
22
21%
22
76
76
*74
76
73'%
74
50
50
50
40
40'A
40'A
55
*53%
50
I
*38%
<
*533%
■I
22%
22%
21
211/4'
V
*42%
541%
40
footnotes
see
page
3211,.
27
-9%
Jan
23%
Dec
31
23
Jun
21
Dec
12% Jan
81
Dec
"4
52'% Dec
1
■"
55
4%
1,500
Bangor
150
Conv
48'%
41
*39%
.
42%
41
41
*41
58%
.
200
Barber
—50
•
—10
No
—
291/4 Aug
par
-50
17% Jan
3
52% Dec
4
6,200
4'% % preferred
—
Barnsdall Oil Co—„———— —6
3,600
Bath
42
20
400
57%
57%
2,200
*106'%
1073a
80
Iron
Bayuk
Beatrice
$4.25
1
Works Corp_
Cigars' Inc.—
Creamery
preferred
Mar 27
a
"
Asphalt Corp—
Barker Brothers.
66
-100
preferred;
22%
22 %
.21'a
1,000
5%
213%
53%
53%
23'%
1073'a
—
preferred-.
& Aroostook
6,000
21%
58%
Nov
48%
493a
40
107
44 7
75
22'%
58%
Jan
31
41%
2138:
107
5=%
19% Jan
21%
22
107
26
-100
75
23%
55
■
28% Jun
Dec
113% Jan
22
133%
-100
40
48'%
*53%
9
Baltimore & Ohio-
21%
f
223%
42
1071%
-
For
55
24% Aug
10
Dec
—13
...35% Dec
20*%
Baldwin-Locomotive Works
•
21%
.
43Va
*54
!*if 7
.
>
-No
par
16 3% Jan-
7
2
.
42
Dec
13
54
Dec
Feb
25
24 38 Dec
32% Jan.19
47
36
par
xl06
Jan-23
Dec
7
13
Apr
Jan
14%
60
Jan
68%
21'%
Apr
233%
12
Jan
18
9Y*
Dec
Dec
July
20
14% Aug. 17
;.2fl
Lno
—
;
32% May
107=%
16
83% Nov 20
42% Dec
7
120
Nov 28
Jan
25=%
3
NOV
45%
May
103'% Jan
53% Jan
11
83'% Dec
45
1
7
Nov 19
523% Dec
22
,
71V4 Sep
.
12% July
9'%
8%
12'%
6
18
111
Jun
11
'
Jan v
113
t
46=%
:
v Nov 27
2
Jan
•283% July
13
6
12% Aug
45
113
-«
July 20
38 % July
v
J
Nov
Jun
24'% Jan
-
1
6% Juiy
Jan
—,
1.900
28'A'
10
9%
83
—No par
preferred—
conv
Austin
16'%
100
....
23
38'% Jan
No par
No par
35 prior A
7
No par
Autocar Co.
—
5c
^lotion Corp of Del ("the)—
-—3
$2.25 conv preferred—,—i—No par
2.700
Dec
Jun
29 % Jan
-
Atlas Tack Corp
300
183%
15=%
49
120'% July
60'% Jan
non-cum
5-%
40
132
25%
18%
7 ,7;
.
July
July.
152% July
Jan
1163%
26
Nov,
112
Jan 7 2
Jan
8%
39%
■
10,
121'% Mar 15.
81/4 Jan
Dec
75
145'% Jan
99% Jan
Dec*
Jun
166%
' Dec
90
2
116'% Sep
Dec
,
31%
91'% Oct
i
65'% Jan
433/4 Mar 27
Jan
i
Dec
25 3%
31
151
12
-.9
Jan
60,
3
Aug 21
■
Dec
Jun
I
'
Dec
45=%
152%
22 V*
10
16
165%
Nov
146
6
>: 43% Dec
Dec
39% May
50% Nov 30
Aug
Feb
223/4 Jan
>
!
Sep
13
Atlas Powder
260
3,600
77%
15
27
360
2,600
Jan
Oct
99
38
128'% Jan
————100
Fe—_100
RR—
Aug'
17%-J.uiy
>
Dec
48% Jan
5%
180
31V* Nov
2
9
9
■$
T
Jan
4
33'% Feb
,
3% Aug
15
Jan
—100
4oo
:/
22
Atl G & W 1 S3 Lines
-500
')
*
22
—1
preferred—.—-100
Atlantic Refining———25
.14% • conv pref series A
-—100
Atlas Corp——
5
6%
preferred-.
;
—50
Coast Line
Atlantic
2,200
> "•• •/
26
Oct
41'% Apr
5
preferred-.—-..-—^—
Feb
Dec
300
1'■
40 'a
*129%
:
■■75%
-
Dec
12=% JUIy
--
43
—-No par
Co
(preferred-
'
% 132
*25%
24%
-
Jun
-
130
153
par
No
Atch Topeka & Santa
500
88%
25%
91'%
.
7
76%
37
39%
56i% 7 7
90
24%
.
Dec
164'% Jan
par
Dry Goods
preferred————
Assoc Investment
7,600
;.'V 7
29
59%
No
Corp
Aug
50
19-3% Dec
102'% Mar 27
■\ ,7% 2d preferred
100
*77
118
115
725%,7'
..
52'
-7/ 7
-
90
.
1st
80
;
37
130
25
.Vssociated
'
80
9%
1
—5
Corp ——
Artloom
9V*
•
Jan
41'
111
Constable
Arnold
900
Jan
46
123
'7/—,.^—-—-_--;100,;/7
preferred
29
9% Julv
Apr
6 Va
16
Oct
Jun
21%
20
.—-—5
Co—
7 V*
12
Dec
41% Dec
.
preferred—-No par
Cork
'
14% Oct
54
Feb
32
par
Co of Illinois—:
preferred
$3.75
%:X 4,300
46'%
•
*83
25 %
'
.
1%
■r).X'/X 40
.
.
26
89
130
«
Jan
•40'/i Jan
—^._No par X
W Paper Co
Armstrong
1,100
77^.7; >>
18%
117%
*56'%
57
\*
28
107
118
118
119'A
™': ■
28%
>'
■'
;>Vf.::>7-100;
108
;
25%
25%
' '
2
Smelt-
Mining*—
36 conv prior
'
1,700
:
106i%
'
•
54%
52
.
40%
25%
180
V
P
Armour. &
600
■
135
373a
83%
■>
V-
*105
76%
78'A
37%
79%
l-'"'"' '
Dec
183% Jan
—No par
;
'
77%
81
o* '
32
Inc—
Archer-Danlels-Midland ——No par
A
19,300
13i%
Copper
Andes
1,000
1313%
-
116'%
36
*119
8i%
129
/■
107'%
771%
/
/
45
"
52
36
*39%
Woolen-:
Anderson, Clayton & Co—
2.000
itf;300
// f-7; 7 500
27%
18%
105'%
77
78%
". 7
134
106%
118
'
79 y3
13
-
;
xll6%
106%
*116
115
*511/8
52
105'%
*-7
Jan
61
17% Jan
-100
No
13
>7%'Aug
27
'
135
105'A
106i%
28
■
.7
129
*51%
76'%. Oct
Jan
80'% Dec
.-—No par "
;>: $4 preferrea
,7-
%
20%
54 3 8
7
18%
52
Dec
Dec
13'% Nov
75
——100 7.
preferred—
Nov
4--
6
15
15% Jan
—."——100 ; /
.1
7 $5 prior conv preferred—^
25
Anaconda Copper Mining-———50
Anaconda .Wire & Cable—;
No par
Anchor Hock Giass Corp—;.-_.12.50 •
100
137
'
,V>-
28
18%
106
94%
Jan/*; k ;6%; A ug.T;46
Nov
'
Mar >?
2
—25
preferred——
Wks & Elec—
1st
14'% Dec
103
11% Jan
Preferred
)
113%
107%
27%
*51 Va
Apr
40'%
:
>
,
2
176
'
44
*
-
142V2 May 24
—100 7.
—25
Water
$6
Amer Zinc Lead &
•;7?'340
423%
108
27%
*105%
,Apr
Dec^',6 ..^,65 v. Mar-;.*'
26
—No par
.-No par
Col±.
preierred———
American
18,000
»
44
*134
.
3,500
-
-
5%
Am
;7
.
*123
1233%
1341/2
108
,33.
>
136/
115
13%
1314
14
*26'A
isy4
41%
105%
10%
77 27%
13'%
54%
128
136
27%
*106
27
is
8%
133'%
108
41
8%
123
V
,7 ;>
7/v
130
44'%
:■> 203a
,
.
*8%
13%
54%
25%
*112'%
441%/
21%
f.
300
9,000
300'
44%
8%
123
25%
:
"
Jun
543% Jan
Type Foundries Inc——-—10
American- Viscose Corp
—-14,
__y.
80
27'%
136
*106'/2
113'%
44
*20:,8
'6%
;|7> 2,100
,
51%
8%
"
57% Mar
102
80% Jan
Amer
*7 38,400
31 T.:
*42%
-■'
■
7
*'S
44'%
,
44i%
*112'/4
203%
20%
,.
39%
3
•17% Jan
class B—
Common
210
.
5
27% Jan
Telep & Teleg Co
Tobacco—.
Amer
11,000
50
•
13%
54%
52%
.
,
Stove
1,600
f
:.,W
25%
*79
%
%%:,' 7
*42%
44
Jan .'
■'/
Mar'
29
59-> .-Jan;; l>,'
10-
Dec% 1"
•58 i109
:,'.ii%.Dec.;;;
'J
23% Jan
No- par
Stores—_l
'
/'/Vk:'
110
10'%
.
:
American'
400
/
68'%
30'%
*128%
83
51
■
113 V2
44
1241/4
*1331/2
.
;
.
45
44%.
44
44
28
13%
1241/4
31'%
*79
VV
54
*52'%
8%
*27%
V
46
|
;
,'■!
41'% Jan
-
Refining—_ 100
Preferred
i—
—;
-100
Am Sumatra Tobacco—
-No par
9,100
120'%
*108'%
.
vi
24i%
24%
128 3%
20
*8'4
*1207
26 y4
108'%-.%
;
90 ;J%
68%
v\
121 y«
*119%
127%
44
20
69%
.
113'/2
•
68
83
Dec
:
4=% Aug
;,
Jan
15%
3%
Mar
130'% Jan
No par
-100
Stand San'y_
American
300
7/1 ;'7-.-.
159
23%
€9%
44%
36 y»
Oct J'"1
•».
>10% Dec '. >4 ;
Jan
,
Jan;.
68
19
56'% Dec
24.
Jan
Mar 26
American Sugar
400
189%
90%
158 Va
24
/
#
90
90:,%
10%
.Nov
-
Apr
IV*
20
1093/4 Dec
Mar
22
_No par
No par
American
300
4,300
48
*89
1583%
23»%
108 %
44
%
893/4
% 24 Via
•
44
188%
190'%
31%
53 y4
♦1121/4
47
89%
7
r
149'%
*47'%
90 »/2
*79
•
"
149'%
26%
44%
52'%
158'/2
10%
40
Jan
Jan
8% Nov
7;
8
39i% Nov 20
100
Steel Foundries.—
Amer
2,000
?
28%
30'%
51'%
;
150
127%
.
27'%
/
108'%
10%
1071/4- Dec
Feb.-
Sep-;.;"
23
xll7% Nov 15
T Jan 30
•_-i--^-.r;7--^-.100
SnuH_———25
non-cum preferred-—-—100
.,'6%
■■eA 7 5,100
30'%
53
108'%
129
v
Jan
American
800
■i:;
4146 ,42
>
30
188'%
122
2
3
•
158%
.25
30%
29%
*126
-
-
27'%
52%
24
*119%
.
1091/4 ' »•
♦108%
•
68
122
24%
<42;.Wr- •#
23'A
68
*119%
/
r'"'
-
203%,DebT
:-7
Mar
..2y4 Mar-', :
•'11% Mar 27
24'% Jan 24
Preferred
210
45i%
165
*160 <
165
3,700
65.1/8
179
45 ■ I
90'A
158'%
22%
*22
". '/7
50
42
65
47
■■■-;
89
89
88%
159
*158%
29%
177
150
189%
88%
89
*87
'>
Jan
108
•
23
4'%% conv preferred
100
American Safety Razor
18.50
American Seating Co
No par
Amer Ship Building Co—No par
Amer Smelting & Refg
—No par
2,500
800
*
47'%
47
48
131% Nov
14
43V4 Jun 28;
22
Rolling Mill
American
1,000
'/;••
30
152
*150
152
*150
/
*
-
,;/15.>;, Aug.
211/4
3
"
Dec
Tn-U
Feb
19'% Nov. 14
«
3
Jan
26
No par
-No par
—
preferred
preferred—
Am Rad &
9,200
38
.%
26%
•
53%
52%
29 /■/-
97%
653%
•«,vi
30
*29
30
28%
178 Via 178'%
45'%
451%
Co
Preferred
37'%
:■■■
;
,
29
*160
27'A
26%
27
'
*29
37,400
I
185
*41
■
'
18'%
28%
42—• -42%
42-
,
413."j
5 $5
42'%
t
•
*26%
,
165
*160
165
-
.
46'%
46'A
$6
3,100
28
64%
65%
178'A
178
V
46
3,200
y 15,100
96'%
29«%
38
<
7'V
Ltd
Power 8c Light—•;
Amer
87'%
*41
>
7 9% Dec
42%J_uly.%;
£ :..99%
.
*
Jan
21
100
& Metais—
News
American
12
18
98'%
36
43
643%
178%
46
;
29
29
*41%
641/4
178%
283/i
96
29%
98'/a
34
4
101%
/ 53 V NOV « 9
2
Jan
:
s
183'%. Nov '/
10%, Jan
•S
3
:
109% Jun 29.
v
Jan :;3
48% Apr
No par
.—No par
No par
preferred—/.—
6%
10
800
953%
*181
185
*181
7:
5
11%
18 3%
18
18%
_
,;JaaUw",. v 27=% July
115% July
Nov
18'" •' 108%
27% Dec V 1,7;
Apr 26v
24
7
Dec
69
7% Jan
No par >
Mach & Fly Co_.
Amer Metals Co
95
-
88
87%
88 3A
34%
97%
7
12'%
185
16
Jan
9
50
preferred
Locomotive—
Amer. Mach
f; 1,700
80%
79
97%
97'A
28%
96%
12
96%
♦181
185
3
29.1/4 NOV
Jan 15
70;
——100
—No par
111
1
Corp__
preferred i_l
7%
Amer
86%
12%
18'A
18
17%
££-107
6% Jan
par
conv
American
I- 3,700
r:
900
142 '■ 7;
142
80%
97%
87%
881%
873/4
,
142
Va
79%
12'%
971/4
♦181
*140
:
%'
97%
121/a
96%
35i%
142
78'A
39
119
37
♦140'%
38»%
118%
5%
160
5 10,700
I 7 500
391%
„
preferred2
Invest Co of
American
100
i
119'%
No
—
Internal
Amer
1,600
,
36'/4
142
78%
-51
.
'
38%
36%
36%
51
14
9
156 % Dec
l'49
Oct
'
<6% non-cum
13'%
51
5,700 y
-13%
13'%
17%
*140%
-
13%
13%
36%
17%
14'%
119'%
120
36%
13%
*131/2
Tee
American
100%
1013%
14%
133%
*50'%
38%
38
*119
100 Va
*
*1001/8
14'A
14
J,
13%
*13'%
101%
14
12%
13'%
13
12%
*iooy8
'
Sep
: juiy
July//,;
95i/a
.
'
•
■
23
Jan
-
105'%'
133
;;v;i4.
,
33'/* Apr
68%
3
;
v
.....
,170% Jan
15
Jan 22
Jan
-
'. Mar ':
82
11
.3
Dec
69
;
16
42
.Q
,13% Jan
;
Sugar——
23-'/* July
.
Apr
May
8
.
Dec
127
2
112% Mar
■
126%
.
Nov
5
Jan
1»>1A
S
Jan
—
■
8
Dec., 6'>
1973/4 Nov 27
Titar
110
,
•
341%
33%
*50
9%
:
7
116'%
*108
50%
:%/ 9%
58
,*56
105
7%
34y2
">>. 50
9%
9 'A
,
57
105
37%
*114'%
preferred-—100
;Chicle/-i'_%____-__,fVo par
conv
45'% " Dec .'r'"
Apr?;
72yi Deck T
,;V77%7.Jan 77> ,.'19%. jun%:%
y
37%, Jan;
4» /OctV ' '
112 ya Oct ,u:
8
* Jan
-I
July: '„i
31'% Jan 7,7 ;
110%
,,,
5,
,
Jan '
.
*'
42%f Nov:.
.
Dec
67% Dec
V;.Jan:'
27
,
'.>7-71/8
'7
39
55% Oct
■
5
96 '•; Jan
..
18,
% 37'%
vr
IO91/2,
.109
51-' %
:
18
.'
115
34
36
;. 109
50%
::
>'iA
7%
115,,
115%
*108
34%
371/a
.36
73%
114%
109
*50%
,
7'A
115
34%
%
7%
38
>
*108
8%
18 V2
1833/4 Jan
•
9
8%
8 Va
"171/2
V
17
,18%
10
105'%
v 6 %>
1st preferred
100
>
190;
30 »/4
Amer- Distilling Co stamped——20
5,600
3%
American
Lncausric Tiling-*.——-1
i
2,500
103/4
Amer> European Sees—,——No par />
J
100 '
27
I 2,100
American Export Lines Inc—.—1
2'%
Amer & Foreign Power—-No par
7,800
7
>96
$7 preferred----——
V
600
No . par
20%
!
>3. »7 2d preferred A
No par 5,900
91 .7
36 preferred-u—_ 1%%——No par
*
200 .:
383/a
American 'Ha waiian SS Co„—_10
i
600
5/
American Tilde &t- 'Leather_ 11 /l
1 4,200
47
/■ 6% conv preferred—
V
50
100
68%
American Home Products—-i—1
T. 1,200
J,
51'%
50
513/4
49%
18
7%
*114
106'%
9
.*171%
38
*17
18
7%
106'%
50'%
49»%
/;
9
81/4
106% 107
107
*105%
5%
600
I
24%
•
10
66
24%
135
non-cum preferred—L——100
Am Chain -& Cable Inc.——No par ;
120
26
26
*63'%
17
>j{, 7 %
2,000
>
21 /
Oct
No par;
& .Fdy—
Car
American
•
1
25
24%
24%
»
142'%
68
*65
68
24-%
30.0
>
148
26 '/b
26V1
26'%
*65
100
3,900
K
•-'
;39%
148
142
26'%
50
V-
50
141
!
-
Mar
40
i
Dec
*Ve
,
May "J/
60-
23%,Dec 10.
10% Aug 21
89% Feb 15
—_1,
Corp.
T
3
Jun.18
128
26
-
>
.* Mar-
19 ; '".•1«>
41'% Dec
80
x41
-——_——100 ,'7>
-; 5y«;%.-. preferred
Amer Cable,& Radio
94 % Dec
"
—
AmerlcanCan--,-:_%——————23
-Preferred
-—-—•——100
2,100
$
142i%
141
"i;:
.v.;-:
39
40%
40
40%
(11,900
7
123%
123%
—
|
65- ;■
64'%
65 %
124
150
/
66
198
124
*148
25%
25%
*63
*1961%
199
153
141
♦139%
100
*150
v:
151
*147
16
99 %
641%
66%
124%
40%
15%
-
I
Jan
July
24%. Dec.....;
Apr,..
7 82
19*
Dec
43
20%.Jan
2
69% Jan 30
,7,15'% Aug 21:
■
28%
Dec v 4/,
161/'. Dec U\
118
Apr
''Jan.
.
■'.'..71 f
24
Jan
los:;
Yi'&k.
Sep .28,,
Til 3A Dec 7; 4
42% Jan 24
;,
'»preferred———
——50
American- Bosch Corp,---—.*-.—-1
Am Brake Shoe.- Co———:—No par
>\2,7oJ
'
'
•->
6
28
Dec,11
35
io
; i 43% May .14
103.. Aug 21
.
Note^^.-—„—-10
Baas
Ait—r.ican
t) 2,660.
■
",
135
16%
*1961%
196
•
51i%
51'%
*1341%
'
1,400
■
223%
1011/a
15%
66 %
-
51i%
100
101%
221%
223,4
50%
1243%
'
126
40
22%
*134i/a 135)
2,900
•
Jan
23
;
Cprp^__No par
140
2
,
7 3% Jan
Aaricultpril-Chemical-No par
American Airlinesj 7k____ 2%—_7—5 r
80
1l6r';l
•
195'%
66%
*123
39
14
113% Jan
Araer;
500
*
84
38
•78
22'%
'
101
196
65%
83%
39
' <B0
51
99%
*195%
84
39
135
16
99%
823/*,
50'%
135
1,900
Highest-7
38% Jan 7 2
prelerred---^^-^——50
Petroleum
Amerada
7 Lowest///
24
1023/4 Dec
conv,
•« % eonv.
200
•
.42%
*78
*134'/a
50%
50 Va
42%
40
r
11,000
7 7'.
69
151
42%
*41%
87%
40
*78
80
*60
*148
8C
853/4
87
39 y»
144
148
'42%
144%
150
..
500
10
9 7/8
62%
153
7
t
peruhareyt ^peffihare ^ I per share
' J
share
per
December 31, 1945
i".;,' 'XX. Bang©"for.Previous
7'Year 1944-7-" ,•>:,'' 7
,v; v
Highest-.'
'• 20%-Jan
.preferred
100
Alpha Portland
.No par
Amalgam Leather CO' lnc^._—
,-l'< ;
4%
32%
' .V
—No. par
Aliia-Ctiauners
136
323a
10'A
62%
*
*55
2,400
32'%
321%
'32%
*32
4% :
600
53%
.
t
fltores .Corp^.———__No par
p^eferr9d-7—^7—
100
Allied
9,100
1043%
*133
137
*133
47
104%
>53%
54%
53i%
137
*134
X46 '/a
43 ya
104
104
54%
53%
,' - ■
,..■"7 . 7 ■: /.V'" ■
Range Since January t
„
Lowest
y'jv/ k1- *' '■ Par
Shares
# per share
share
46i%
48
1031/s
54
$ per
share
per
."7:7',;
;.,V 7' /-1'
.
NEW IOHK STOCK
EXCHANGE ~
;
the Week
Dec. 28
Dec; 27
Dec. 26
Bales for
Friday
Tkaniij
Wednesday
104
53%
I per
share
-
.
'
S4AZ HtlCBS
46
*103%
LOW AXD HIGH
Taesday
Dec. 25
M onday,
COMMERCIAL ft FINANCIAL CHRONICLE
THE
3202
58 =
110
Nov
8
14%
Sep
18% Mar
4
14%
Aug
19%
20*
25%
Feb
34% Nov
Jan
38
Dec
Jun
111
Oct
28
Dec
26
Jan
11
31
105%
Dec
;
/<;.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4451
Volume 162
NEW YORK STOCK
LOW AND HIGH
Saturday
-!
■
Dec* %%
>
41
*123%
130.
•26%
53%
-
27%
" .27%
54%
,•69
35
;
27%
?
»
70
'
35
40
40
.
33
32%
*110
..
66
39%
;
17%
Corp
Howell
>
12% May
7 *69 '
-
■
35,
30
*41,-.
67Va
670
-70
..
.
68
4,900
44%
43%
',
44%
4Va%
4.800
•
>
•.-:*", 33
■-..171%
17%
57%
*53%
-«.
"
,„
-
•
*35%
36%
36%
•110%
49%> 49%
*73
77
36%
'>-•32%
33%
*
74
-
'
*35%
19%
19%
*121%. 124
■21%
24%
93%
94
37
•121%
>110 Va
;
72 V
'74
,19% ,'.20
19
,v
*121.% 4,25 />'
125
25%
24%
-
25 Va
2
72% Dec
10
23
37% Feb
16% Jan
94 ; ;v .94%
94
95
24%
23%
24%
33%
33% 7 34%
38
38%
38%
38%
36
36%
37
37
36%
36%
37%
38%
l
24%
33
;
36%.
,
Budd
94
v
i
:94%
-
•24% > .24%
,
Jan
2
13% Jan
2
20 % Jan
26
.
18 % Jan
23
•
•17 % Apr
24
49 Va Jan
:
i
39
39%
38
Buffalo
400
38%
37%,
'
■
17,200
/
•
38%
I
r
38V2
10
19%
19%
19%
8,100
13%
13%
13
13%
2,200
Bush
91%
*89%
91
90%
90%
90
90
*77
78
/• 77
:
25%
77
•89%
-
: ,77
77
.
-78'
■
25%
25%
25%
*107
26%
26
111
6%
6%
:.-
109%
'--
.19%
26%
.
;
26V4
..
Butte
4%%
26%
4
99%
•
100;
4,500
•'
6Va
4
preferred
Copper & Zinc.-.
Byers Co (A M)—-
2,200
18
3% Jan
37% Jan
45
99
99
99
36%
36
36%
39%
39%
38%
'
:
39%
36%
40
-
98%
-40 r-.',-
-99 y2
8%«
8%
•29%;.
30%
f
-
9%
8 Va
130
19%
•18%
18%
'
7
27
Jan
6
39
Jan
44% Aug
50
July
Dec
21
Nov 21
35% Nov 13
14% Jan
22% July
17.
39% Jan
49%
Dec
16
17% Jan
25%
Dec
20% Dec
10
8% Jan
14
Dec
40
•
128
Nov
■
116
28
25% Dec 26
Oct
97
-
2
11%
Jun
19
17
Jan
22%
Dec
10
16% Sep
20%
Deo
39 % Dec
28,
39% Dec
5
-
111% Dec
10
12%
14
54
Jan
* Nov
13
6
27% Dec
2
110
.
.
Jan
22
.
Aug 21
.
8%
44%
c; ■
175
*172
175
.
175
>
67 %
62%
03%
108%
*106%
v
*107
156
♦153
e
24
20%
20%
27%
>
12%
11."/'.
.19.-"
10
31
30%
49
17%
Deo
67%. Jan
96
Deo
20
25
21
..
2,500
*110
.
-30
i
52
-
;
.
.
45%
29%
.
49%-'
400
30
'
1,000
-\>.-47^-. -48Va
'
15% /V15%
*110
112%
,293%
29%
-
•.
412%
;
52-
50
50
•
-30
.
nV.33%>37%/
30
„
*49%
>
\
A S% .:
-
>110
111%.;
•110
.99%
•96
105
104
30
:
8% prior
20%
20%
21
.21- ' /'
55%
55%
•55%
9%
20%
.20%
*21
56%
9%
>
,107
500
10
10
200
;
1
-
■
•
*
"
20%
29%
32%
71%
71%
-20%
20%
-.9%
-
9%
10
v
49,400
V 3,100
20 Va
30
29%
30 %
33
31%
32%x
72%
70%
72%
40
40%
.
'
'
32 Va
.
lOVa
20 Va
4,500
10'
2,500
10%
."v
K
'
9%
29 Va
31%
-
>
56
.
.
9
21
,
Nov 17
Dec
Oct
8%
2
Nov
26
49
Dec
13
Dec
Nov
13
66% Dec
110
Jun
11
Jan
2
159
Dec
113
2
25%.Dec" 8
11
21% Sep 21
31% Dec
3
17
5
4% Jan
2
109%-Jan 16
16% Apr 13
>"
25
Mar 26
11% Dec
115% Feb
20 % Jun
40
107
23
18
32% Dec
Jan
24
Jan 24
8
180
21% Mar 28
33
108
Nov
Sep
;*
3
55
Dec
112
Nov
28% Jan
41'
Class
"33,400
14,900
.
A——.——
22
Dec
14
22
Jan
Jun
Jun
Nov
Deo
Jan
31%
Deo
46 %
July
14%
60%
.
'
Deo
Deo
9% Mar
11% Jan
18
34 V4 Jun
.
18
18% Mar
4% Jan
18
•12% Jun
7% Mar
14
24'14 Oct 30
33
Dec
66% Oct 24
25 V4 Jari 22
No par -
.
17
24
—. —
9
23
27% Jan
11
Feb
44,
Apr
53/4,Sep
18
26
.37% Jan
134
23
7
58% Oct
5% Jan 22
Mar
17% Apr
27
12% Jun
18% Jan" 22
Sep
15
28% Nov
12 Ya Deo
19.
6Va Mar 29
>50
50
Chi^ Milw St PI P vtc_
5
107% Dec
114
May
67
14
47% Mar 27
i
par;
J>—40
Chicago Great West RR Co
5% preferred—.
3
14% Jan
■
Jan
Jan
7%. Jan
30% Feb
4% Apr
7
Oct 26
:108% Oct 18
July
4% July
8%. Apr
20% Apr
.
49% Dec 27
16% Dec
7
7-
23
*
.
Nov 28
10% Jan 22
July
129% Nov
15% Jun
19% July
2%. Jan
8
13% Nov 27
33
,
/
54
40% Jan
106
Deo
Nov
20 Va Apr
11% Nov 23
74
.
18
.
Jan
25% Mar
NOV 27
"
u';*
'■'
:
39%
40%
68 Va
69%
69%
35
35%
>
70
35
39%
36 V4
35 Va
35
35
35
57
*55%
57
.
35
39 Va
1
35%
55%
Series
70
3,300
37%
2,000
34%
34%
"
1
1.300
•'
►•*55
,
-
•
.
*61
22%
62
62
63
22%
23
24
24
25
*20%
21
21
21
21
*55"
"21
14%
14%
14
15
''
46%
136%
13R
112
*110%
53
52%
28
28
*103%
■64%
64%
104 %
22%
64%
•103% 105 Va
25
23
23
70
•68
•191
205
*191
105
*102
105
*112
112%
*112
113
•68%
63
*59
*107%
62%
*107%
59
*57
59
37%
37%
38
39
50
50
50
50%
*151
155
♦176
179
—
*176%
C-9
For footnotes see page 3211.
155
*150V4
V
1/,
179
•
14%
135%
112
134
*68
105%
•
25
.
68
100
*103% ,105 %
24
24%,
70%
.
69
C3%
*191 "
*102
62%
*107%
113%
•62%
109 %
*99% 101
->*57
59
38%. J*9%
50-50%.
*150% 155
177%
63
179
•
100
60%. 60%
*107% 109%
99 Va
99%
26
24
' 140% Dec
6
>
**20
89
38%
39
50%
54
fuei
4%
Climax
1,600
Cluett Feabody & Co_
Preferred
91% Jan 24
42% Jan
20% Jan
—No par
No par
Molybdenum
310
Coca-Cola
'
Clasi "A
Co
(The)
—100
'
-No
No
—.
par
par
Jan
2
98
nar
2
2
31
No par
—.—
500
.
Jan
77%
series—100
——A'
8,500
..
-^150% 155
178.% 179%
62%X63
k
"Equipment—
—No par
St St. Louis Ry. Co..
100
5 % preferred
—100
Clev El Ilium $4.50 pfd
-No par
Clev Graph Bronze Co (The)
-1
5% preferred-.
———100
Clev & Pitts RR Co 7%'gtd
*50
Special gtd 4% stock—
—50
300
*57
Jan
28
Jan
2
9% Jan 27
58
30
Feb
-Aug 28
Dec 11
40 % Feb
26
19
25%. Nov
64% Dec
105
Jun
25
May
14% Jan
95
6%
Nov 28
-
30% Nov
65 % July
21%
Deo
21% July
49'/a Nov
57
,
Nov
19% July
17 Va
30
6%
JUU
Oct
July
98%
Jun
5oVa
July
25 Va July
Dec
31%
Nov
96 Va
Oct
Jan
10 "Va
Jan
51
Dee
35% Feb
Feb 20
186
Jan
,185.
Jun
Jan
26
72% Dec 10
Apr 19
May 15
.148
105
76
Jan
90
Jun
109%" Jan
2
115
Oct
17
110
Nov
68% NOV
3
49
Clark
120
•
,
Jan
13
5
Dec
O. O. C.
113%
112%
28
Dec
47
28
Dec
Nov
16 ;
City Investing Co——.——No par
5% %
preferred—
-100
City Stores
—5
105
1x3
Dec
27
15
lev
205
105
64
£23
48
-
ClT Financial Corp.
5,200
69
205
*102
Jan
4®/a Jan
1,000
*65.
68
4,800
28
10
29% Jan
Co—,
Cinn G & E Co pfd
54
M
28
59%Oct 15
Jan
: 15% Jan
:
—-10
Oil-
Cotton
Chile
8,100
28
49
Apr
43% Sep
15% Feb
16% Jan
38% Jan
28
Dec
——No par
tChllas
20
53%
.
197/a Jan
:
Dec
21%
26
64
37% Deo
4
49% Jun
27
Jan
15% Jan
14% May
1% Jan
Chickasha
11,900
135%
54
Copper Co———————25
Chrysle* Corp—
:
.8
300
•llOV'a 112
2t>%
*103%
,
2,600
•V
45
53%
*64
180
:
21 >4
*191
-
109%
>99 Va 101
109%
*99% 101
*56%
70%
62%
'
24%
205
•102
»
*20
14
28
28%
64
100
27
.
45
52
53%
28
63%
/'. -25%
,
14%
*110%
52%
63%*
45;
.45
135
132% 133%
•110% 112
*62%
14
*45
46
**44
*62%
.56 Va
A
preferred
_100
Chicago & Northwest'n w 1—No par
5% preferred w 1———100
Chicago Mail Order Co—
—>5/
Chicago Pneumat Tool—No par
$3 conv preferred
—
.No par
Pr pf ($2.50) cum div
No par
Chicago Yellow Cab——No par
6,800
:
69
36%
.37
.55%
■
39
70
'
37
70%
40 V4
,.69%
:
•
•
170
89
44
2
Jan
Jan 22
35"% Jan
140
130
Aor
* May
59% Dec
,
Jan
45 V*
Jun
109
Jan
Jun
110% Apr
16
Jun
30
92
96
Aug
59
Nov
28
52% Mar
53%
Oct
2
41% Sep
3
53% Oct
30% May
34% Apr
38% Mar
5
3
17
34% Jan
Apr
Mar
100
1
93% Jan
53% Jan
,
37%
115%
106
106%'Nov
:
16
Dec 17
145
Feb
111
Feb
9
155
31
183
Oct
6
72
Nov
8
1
.
Oct
Mar
.152% Deo
Jan
19
Dec
39
Jan
5
Deo
Deo
5%
Jan
14% Jan
Dec
22%
96% Jun
5
10
>
Dec
65
44% Jan
31% Apr
.
18 Va Jan
t
54%
33%
143% July
26
71
Dec
11% Deo
119
Jan
Apr
.
33
48% Dec 10 ;
175
127...
TOO
-i
-"
-12% July
51% July
Jan
4
8
Jan1 3
.104% May 15
i—1.-
Jun
.<
27% Jun
17% Nov
66% Nov
.
33% Nov 27
47% Jan 23
,152'
47%
Jan
97
82% NOV 26
10 V Dec
33% Jan
42%. Apr
6% Feb :
43% Jan
.
5
56
135
9
2
357/a Jan 26
.
.
20% Dec 28
72
22
Jan
5Vf Jan
Chic & East HI RR Co——-No
c
2,100
31%
71%
29%
.
,
Mar 26
21
59 % Aug
Checker
500
56V4
55%
56% ;
-
9%
71%
'
>;:• r
10%
29%
29%
32
21
lOVa
10
■r-r.
2
par
Champion Pap A Fib Co——No par
84.50 preferred ————No par
Cab Mlg
——5
Chesapeake Corp of Va,—•
^._5.
Chesapeake & Ohio Ry—:
>25 /
f
600
:107
''i20% "■ :20%'
2i y2-
•
55%
-
10 Va
32
Chain Belt Co_i. —————No par
'
."r';'
5
<
-
preferred—
Jan
Mar 26
,
preferred
Products
Nov
1%
7% Dec
,21% July
35% Deo
\
15%. Jan
23%. Feb
'
411 Vi
*110
111%
;> 107%-.
11
37% Jan 15
Certain-4eed
'■Y:-'47%/48%
:
2,600
,' 3,400
>.10V4
2
par
8,300
28
lOVa
,42Vi -12%
*113% ■ 115, :
5%
57
•
,
.
Sep
30% July
■% Jan
6
JMay
-
6
2d preferred
Celotex Corp—
9% Nov 28
32% NOV 13
'
12
52
No par
6,800
1,130
4,300
X27%
31-
'
-.48
30
7%
3,000
20%
:'
54.75 1st
24%. Jan
53%. Feb
Dec
116% Jan
————.i—100
—No par
:
—20
Central Agulrre Assoc,
No par
Central "Foundry Co——
—.1 :
Central Hudson G & E "Corp-No par Central III Lt 4%% preferred—100
fCent RR of New Jersey—i._——100 Central Violeta Sugar Co-j
—_i—/
Century Ribbon Mills
-l-No par
Cerro de Pasco Copper>—_No par
-.23%:. 23%
'
111%
*96 •>
v
15%.. ,,.,-15%,,
110%
*30:
//■
157.
20%
38-c, /
49
*49%
51
-*49%
•110
■
-38
-31-,.,
30
30%
*29%
'■
Va/
24%-
145,f'/
>17%
15%
110
109
109
*155
Va
:
8
4-.—Deo— 0-,
45% Oct
1
100
—
1 lNo
preferred——No
.
Apr
Apr 17
Dec
43
56
128% Dec
,_25
Celanese Corp of Amer
July
10
4
—3
Caterpillar Tractor-,—.-—
.
•
48%
.-
15%
Preferred
80
5,000
Deo
3"%
28
NOV 28
8
10% Jan 23
5
10
15%
Dec
28
24
48%Jan
»j_50
Dec
101% Feb
Jan
47.
>10
-
Deo
70%
2%. Apr
12%. Apr
Jan
31
100
Carriers & General Corp—>
I) Co—
—>
2,400
i
,
A
Jun
Deo
16
113% Feb
-
par
Case (J
409 Va
12%.V'12%
37%
29
tvv.-v^*108%
.10%. -10%
'
19%
37%
-V
class
—
2,200
62 Va
Administration
4
-Mar 26.
20
—25
jNo
>
—
-
67®a
5
.62%
By-J——.
Mills
Carpenter 'Steel.Co—>_
Carrier Corp
4%*% preferred
700
1,100
.
177.
/'66 %
28%
28 y4
■
191
47%
-•15 "
,
29
12% >12% ii %
37%
-18%.
24
<.
*112% -114,-v.-:'",
*112% '•1-14%
*36%
^ 156
20 y4
28
.10%
•
"
;
23 y4
24%
20%
10%
27%
io
409/
9
v-45%
*175.
:
„
6% Apr
—100
*--j$3 preferred A——
'
Clinch As Ohio Ry
8,400
/;
Co
Capital
800
30
74%
--
.-44%
-.
>
.
63%
"■
23 %
12%':,
155
,
.v,
•67%
.
*107
;
/
155
20%
.5
•
v>8%
i
f
_5
Carolina
20
49
29%
*73,...'-.
Ry
Cannon
600
!
Southern
Canadian Pacific
57
•49
475.-,-v-
62
48%
18%
128
,;t
.
45%-'*- .v,
-67
.
108/-
<
22%
■
175
67®,a
63
62%
300
*56 %
30%
:
141,300
•
3
26
Jon
9%
83
43%. Apr
8% Jan
1
Oct
7 % Dec
39
27:14 Jan
—
Canada
.20%
.
,*126
/
:»■
45
-
..
67%
.67
<r.
45%
•
75.-/."'v.,
*8% / D ■"•/.;.
.
45 "
;
48!
30
.75
•
6,100
66 %. ,66 V2
.19%
..
128
48
U
75% ;/76->'.;.-.i
8%
8%
*
22 V4 Mar 26
15%
Jan
Nov
81
.
15
i
Jan
4
95
15% Nov 30
87
.
4
20% Dec
-
52 % Sep
Campbell :W & C Fdy—J.No par
Canada Dry Ginger-Ale common/iS
$4.25 preferred
—No par
58
57 Va
-..
128
31%
30 Va
:
76
-
-44
*56%
,
.
1,000
Dec
12% July
77% Dec
7% Apr
27
:
37% Oct
.
Cons Copper
129
5% Jan
47% Jan
19
24% Dec
Jan
39% Dec
-
50
-
12% July
77% Dec
Nov
-
par.
ten
\
i
Oct
3
3%-Jan
No par
;
53
10
36
105% July 26
ninn—TpGnii
*
Calumet & Heels
130
*53
64%
18%
.
18%
■"/;
J.30
47% V 48%
46
31%
.
57
*56Va
♦128
46
Packing
preferred
Callahan
..
10,500
-
;-
-42
;
*127
,
19%
:
64%
,
;41
.
>
•
,
; 5,800
.
30%
'•
V
/
58
19. v-
/
30V4
v;
,
130
/ .*53Va
66%
29%
California
5%
-.3%
.
8%
41%
*127
*64%
130
r-.-v.75-,;8%
600
4
55
.
> /'r:.->/8'%
30 Va
:
3Vs
/
,
:,v/9Va/
40%
i;
.
.
Oct
21% Aug
2
14% Jan
.
ft
Participating preferred100
Byron Jackson Co
—No par
:
600
39%
'
*54V4
■'■
3%
30
.
.
58
19
18%
-
-v
40%
-40%
*53%
57
*56%
■•-,;
30
18%
*18
*153
a%
66%
65%
*128
,
-3%
*127
'
58
i8%. ;
■-'"• *.•'
3%
30;
130
*53%
>/
.v
■>»;
40%
40%
*127
•
*3%
3%
._■*(<«>
380
36
39%
*54% ,,'55:/ ' '
.
'
3%
*35 %
'•■■■'.;
'..
'
55
*54%
55
*54%
98
36%
.
"7% July
12% Jan
40% Feb
8% Jan
'
99
35%
,*.
Deo
112
77% Aug 23
59 y4 Mar 27
100
;
41% July
19% Dec
7V4 Mar 28
4,300
50
34%
34% Jan
.
30 % Aug 27
1
;
Oct
28% Jan
3
59 % Dec
-
>20% Apr
6
105
Sep 13
13% Jan
2
Bush Term Bldg 7% preferred
100,
Butler Brcfs commori_,_,,_J
___10
4
26
6%
Terminal..
6% preferred
20
111
*108
6%
..'.26%:
,•
f
26%
.
>108v
110
6%
6%
26
*108
v
78
•
26
26 f
•108
110
6%
25%
>
Oct
Jan
22 Va Jan
■
13%
*107-109%
Dec
52% Nov
■
-
2
Jan
Deo
Nov
.7
Jan
22%
20
109
18% Jan
v.jl-
19%
109%
117
80
-
.12% Mar 27
120: Jan 22
par
19%
*107
109%
Sep
109% May
Dec
Dec
15-
23% Jan 25
'
■
Deo
65%
7
2
13 %
4,300
98
37% Dec
74% Jan
19%
.
88% Apr
46% Jan
8
11
59% Nov 17
-—No par
13%
;
13
Jan
10% Jun
•
2
13%
.
Dec
•
67% Dec 27
9
10 Va Jan
19%
.
52% Jun
45% Oct 23
'
—No par
Bulova Watch Co. Inc.,-^:
__*._5
4,300
45
55
45
100
No
11
5
No par
Yorge Co—:,
Dec
5
I
par
:
.
19% Nov
191
35% Dec 28
106
July 26
21
Jan
2
Bullard Co
1,600
:
..
12% Jun
40% Dec
40% Mat 27
u_8
:
11
109
-
37% Mar 27
2:50
Mfg———.J.
16
14% Mar
93% Mar
17% Mar
100
__A'o par.
Co
6
8
3
Jan
Oct
34% Dec
19
10% Mar 27
61%
25% Aug
15
Dec
10
Jan
47
July
Dec
42% Jan 24
15
20%
66% July
Dec
130
Jan
7%
,
33% Apr
3614 Apr
5'% Apr
No parNo par,
No *>or
-_'A"o
4
78
5
15% Jan
10
42% Dec
>
52% Apr
3
24Vb July 20
114
Burlington Mills Corp common^—1.
Afo preferred
—100
Burroughs Adding Mach.
No par
•107
,
1
Feb
Dec
-
112
2
95.
No par
preferred^
(E G)
38
25% Dec
32% Dec
.
X108 Va Mar 26
2.50
—
$5 preferred
Budd
Wheel
580
'
-i.i *31%-'.,23,
37
38%
-
'!.%
40,400
V
v-
39
,
38 Va
30
24%
,
24%
33
,
»
•;
121 Va
155
par*
(assented) -J.00:
.;Co_*_;;
5 :
Bruns-Balke-Collender
23%
■ (
,■
DdCf
Jab
Jan
Brown Shoe co_
...121%
:
<•
20%
56%
48
5
Brooklyn Union Gas,:
Dec
Jan
56% Jan
No par.
Bristol-Myers Co Hew.,
3% % preferred
>
Bucyrus-Erie
17
53% Nov
115% Feb
35
2,300
200
5
7
___io
Brlggs Ac Stratton
i 4,300
28
Nov
Corp
I
19%
V
-49%
7
Dec
•
30
2
100.
300
7.36%;
;
,
33% Jan
Nov
5614 Jun
Jan
—-_-fi
300
74
-
■
>35--
VA
63
6
ujfi
;
33%
'->71
;
35 % }
-
2,800
22
127
Airways Inc
Brewing Corp. of America
Bridgeport Brass Co
Briggs .Manufacturing-;
112
33
-33%
—-135%.
,.
19%
.24%
■■
Jan
3
Braniff
4,900
55v 56.%
■35%
35%
'v.'-
•
36
.
*110% 112-
112
33%
33%
36
17%
,
15%
7
8
10
No par
—No par
Boston & Maine RR
Apr
Dec
13
Biasa
Bower Holler Bearing
200
-77-'
-
-;'17.%
•-
-
-
55%V.
,v
*67
>
.
17%
+*>49 * 4 *' 50%
50%
--
;
67* 'i
*65...
77
49
35
35
6
98% Dec
—
Borg-Warner
10%
29% Nov 13
109 % Dec
28% Dec
preferred
-Borden Co (The)—
'3,400
July
35% Dec
—No par
-Class B__„_
100
13
2
Bond Stores Inc common—
2,500
4
195
*160
V-
10% Jan
Aug 22
-
Bon Ami .Co class A
40
..
39 Va
39
195
NOV
Jan
No
&
121
17
Co
Bohn Aluminum
20
Der
111% Jun
65
"Boeing Airplaner Oo__x
4 200
.
-
7
Dec
7
6
,
38
22% Aug 31
•
Bloomlngdale BrothersNo par
Blumenthal <fc Co preferredj
100 :
:
> 6,900
107%
,
-
*66%
v
39%
4
31
-
Dec
14%
Jan
l
Blissj& Laughlin Inc_.
112%
,...'•>69/
> "106
Blaw-Knox
:
100
.41%
••
;30%
,
6,600
30
136
31
share
per
7%'Jun
No par
:
100
L_„
Bigeiow-Banf Carp 2no
Black & Decker .Mfg Qo
1,300
*
t ''
24%
•
-'
*110>
<
"...
107%'
71,
36%
.
v.-23%
»-
100
__i
2
7
19% Jan
53-% Dec
Indus Loan
No par
Fr pfd $2.50 div series *38_No
par
Bethlehem Steel. (Del)
1% preferred..
-
Highest
t
per share
27
24% Deo
47% Jan
Beneficial
Best Hoods
20
18
Aug
103% Sep
a.
6,700
154
Jan
Dec
f
11
42
Aug 17
i
-6,000
17% Dec
1214 Jan 15
100-
28%
$ per share
share
10
Co,
-Best <& Co
.
:i,ooo
'•54%
•110% "112
-
Aircraft
'95 Va
>;,-33-%"V34«".;
9%
60
-17%
59
22%
114
-No par
28 »/a
•v,
35%
♦70
.49% '
*32%
35
20
V"
94V b
*149%
"
,
,
.
49%.>49%
/ 49% >,.50
/-,>8% -,9
-.. .8%-. .•:9::-r.-/i
'"1*'.67.%
5,7'/a -•1v^.*56%-v:'58Vt-
35
: *77.'
18%
,»«50
4%% .preferred
BencUx
Aviation
2,600
.
l-v 44
•57%
•35%
4,000
•
44%
8%
9%
*73
RR
'
60
33
,'
51%
50
33%
*35%
53
>
32%
39%
55
■
*180
-43%
44 Va
<50%
16%
Bell
187%
187%
" 190
?,49..'
Creek
Year 1944
Lowest
Highest
9% Apr 25
'
1,500
42%
67
40
•56
4' per
1
32%
112 %
.
...69„
>106
,.
107%
107%
.
31%
-
71
-
66
;
Bell
20
32 %
•
24%..
'31 >•'••"-
.-.
-.40%
-
112%/
>
66
•65
1,800
2,200
*52%
-
35
•
-23%
*30
31
39%
9%
2,400
28%,. 30..
„
.„
171-
/
.35
24%
*69
42%
Corp
Packing Co
Beldlng-Hemlnway
32
.
54 %
„•
■
-
150
*69
.
35%
>110
108
32%
53
150
:
23%
'>/
*65%
•57%
27%-,
,,
*52%
r
.
33%
♦39
v
55%
54 %'
33
*30
•49 Va
Aircraft
Beech-Nut
;
108
30%
,951 a
70
*180
Beech
.
200
132,
108
' 28%
32%
•106
Beech
100
.25% ...26»/a.
.•
32%
31
70
•
32
108
94%
*69
i
37%
38%
•1Q9%.112
31%
:
.22%:..22%
26 %*
<
X27%
;
23%
*29%
Lowest
Par
5,500
41%
.
*129
».
27%
35
►
23%.
-
16%
*39%
•
95%
94%
*150
153%
154
"■71
15%
22%
*106%
53
32%
27
94
►150
share
<
'
130
.
27%
*52%
-
'27%
27
93
42
.
,
.25%
> 31%
.
56%
,
27%
-
'32 %
•32
•
121%
108
155
-53%
-
Range Since January 1
Shares
'
*106%
1108
•52V«
.
Range for Previous
STOCK
EXCHANGE
'
-32.
31
-
30%
i6'%
130
.
26%
26
,
.26%
-30%
.
•107
42
$ per
share
15%
*.
21%
21
>21%
:
:
41
•123%.130
•21
S per
16%
16%
41
•39%
NEW YORK
the Week'
Dec. 28
Dec. 27
£ per share
t per share
■1 per .share
16%
15%
Sales for
i Friday
Thursday
*
Dec. 36
Dec. 25
Dec. 24
RECORD
STOCKS
SALE PRICES
Wednesday
,
I per sftore
.
Tuesday
Monday
...
•
3203
59% July
39% July
152
July
146% July
67 M»
Jwr
v
'
THE'COMMERCIAL & FINANCIAL CHRONICLE
3204
LOW
*
$
thare
per
per
'
ni85
shate
105'/a
*104
—■
113
i
■
17%
16%
*39
40
38
■j-jj'-v' ■■'
<„%.
—.
48
111
113
111
.%/ "
"
: >
■
*39
38
—
*46
47%
38%
38%
38%
38%
39
36
36
47%
45 %
47%
10%
__
—
109
'I
'
—
1
—
Z?
107
■
w,"
11
109
—
40%
■■tJ.W-Zi-;
'V-''
37%
—-V.:':'
'
40%
38%'
*35
46%
46%
*44%
45%
10%
10%
io y2
45
38
108%
108%
109
*105%
106%
105%
105%
121
39%
39%
4x%
v
33%
34%
34%
42%
43
6%
6"%
31%
32%
32 %
106%
106%
107 %
•
19%
v
19%
42
42%
43%
35
33%
40%
38
39%
39%
39%
42 y«
114%
114%
114 %
39 %
39 '/a
39%
44%
16%
44%
45%
110%
16
16
*40
700
C,
39
45%
110
45'
V
i
i6y8
l
i6y8
56%
18%
19
18%
19%
40%
40%
39 %-
40%'-
*53%
54%
56%
41
*38%
27%
41%
27%
*53%
r-
110% Nov
23
76
Jan
97%
70
Feb
93
Feb
16%
Apr
23
Deo
Dec
No
Pictures-^—
84
/
-
?
28 y8
of
Pow
Consumers
Container
•
','' 17%
17%
60%
61
6i y4
62%
61%
*52%
52%
N
35%
35
108
No
62%
i.
65
65 %,
11%
1,100
"!
20
6%
40%
38
*106%
109 y2
.
31%
*38 %
4*-'
52%
!
38%
59 y4
*52
52
52
•
.
•<
28%
108
47 y8
47
29 %
Conv
i
Gas
'*
46 y8
110%
*109%
*109%
110%
40%
40
40%
26
26%
25%
26
*145
175
*145
160
45
45
46
46
•;ICO
100
J
Jan
12
Nov
8
8y4
Feb
26
Jan
48
39% Oct
9i 7,8
1.
Dec
21-y4 Nov
1
27.7/8
Jan
21)
Nov
7
20%
Jan
11
3'/2
Feb
34% Nov
17
2iy0
Feb
109 y4 May 23
102%
Jan
Dec
3!t
7% Dec
V4
Dec
Coty
3 % c'c
Cream
10
24
Jan
32%
Oct
26
11 y4
Jan
20 Va
Dec
27
18ya
Jan
23%
Dec
12
Aug
24
Dec
Jan
112
Nov
pfd
6%
17% Aug 21
100
pfd—No
par
.108 V4 Jan
24
-20
26% Apr
8y4Jan
-
37% Jan
20:
;
Mar
10
10
Feb
43%
Jun
5
10
113
59 Va Oct
May
13% Mar
417/a
jun
2
20
Dec
10
5!/8
Jan
9%
Dec
43
Nov
27
26%
Sep
33 Va
Jan
2
44% Nov
16
24%
Apr
2
28J/4 Dec
27
-55% Nov
8
Jan
•
..
49%
'
Dec
31%
Dec
12 >/* Aug
19 % July
38 y«
48,
Feb
Dec
2
19% Dec
6
16
53% Jun
28
9
26 3,i Dec
8
15Va
Jan
25 Y4 July
52»/8 Mar 27
64% Oct
15
44%
Jan
57
Dec
52 %
/Apr
61%
Oct
173 ya
Apr
Jan
.
Jun
30
101% Aug
6
30-
5
100
25,
38 Va Oct
108
2
182% Jan.
Jan
199
13
.
10%
47
Jan
13% July
Mar
52
July
.
15
Dec
26
Oct
,,
71
4
2
58%'Jan
„
15
Dec'18
Dec
6.
•
184% July
' 7
% July
2
■A 77/8 Dec
4
5
43% Dec
3
18%
Feb
27%
Jun
99% Aug 22
108% Dec
17
34% Dec
8
20
Jan
25%
JuTy
*
25% Jan
—100
24
—2
Jan
2
;
,
5 ;
1%
*3% Jan
1;
,
Jan
28% Mar 26
41
Jun
14
16%
59% Dec
27
27%
Feb
Aug
11
,15%
5
■
Feb
Dec
•
Jan
37
—-..No par
(The>„
32%
Dec
'•»17% Dec
3
16% Aug
20
«The»-
Dec
10
12% Jan
-25
—
19
Oct
V 49 % Jan
Refining—:
.——100
preferreo
of Wheat Corp
7%
29%
20
Sep
v
Feb
20
6
Nov
50
102'/»
16
Corp_—-1
:—
17% Dec
108
/ 47 % Feb-i, 5
Co
>_5
sefies_^—__^50
Corp—*
17
29% Jan
No par;
common———
23
29% July 27
y-8% Jan
3
Co—i
Jan^
46
10
L.
Trust
6
Feb
2
106% July 18
10®8 Apr
6
—1:
——'
Dec
40% Nov
.5
93% July 30
—No par
Del
45
115
6
Fibre—_„—_5
Electric
Bank
Crosley Corp
Oct
13 Va July
40% Dec
preferred
Co
7% Jan
Oct
35% Dec
—L
5%-
Internat
Crane
/
10
25%
108%
45% Dec
6
/
Dec
22
Dec
•1% July
2
preferred———No par
Products
2
7
Sep
;y 11% July 19
y 31% Jan
3
———No par
of
Preferred
,50
2
3% Mar 23
,.06
3,100
45%
t
99 y2 '
•
y8.
26
124
i' 35% Jan
2
87%' Jan
'■>
20
22%
500
No
Amer
par
preferred—
preferred
32
Dec
39
%%
t
Aug
Inc
Cunningham
Pub Co
Curtis
Stores Inc— 2.50
Drug
145
8%
143
146%
74
74%
.
■■
/'
:
7%
"145
7%
8y0-
27%
28
130
;
3,900
;
7 y8
27%
*124%
28%
74%
'*74V4,
'
24,800
277/8
130
*124%
36
35
35%
35%
36
*24%
26
26
26%
26%
5,800
130
35%
Prior
26%
i
1,700
preferred
Inc
i.U—No
Jan
37% Nov
Nov
69
Jan
89%
Dec
Dec
6
20%
Jan
29%
Dec
Dec
10
11%
Feb
19%
X150
Sep
13
■y 51%
Nov
19
27
28
102
Nov
51
Sep
108% Jan
29
Dec
24% Oct
8
100
2
31
Mar 26
.
53
22%
"144
Jan
Dec
Dec
29% Mar
.97
9
41
; Nov
19
30 y8 Oct
17
Oct
26
37% Dec
11
9
125
.
Jan
30% Deo
,
Jan
109% Nov
5% Aug
5
5% Aug 20
18 v4 Jan
2
Sep 11
25%' Apr
6
22%
101
Oct
154
,118
19
75% Oct
122y2 Apr
6
59% Jan 16
'.
Jan
28
Jan
9
■
112:
16
10
July
,
28
>•
B
—I
pfd
WJ
28
29
99% Dec
par
(The)
Dec
»
42
2 a %■ Apr
Curtiss-Wright
—w———1
i.'."Class A—————— ——i-—T*
i
Cushman's Sons Inc 1% pfd—100 •
•/ Cutler-Hammer
52% Nov 20
;•
111
2
No par
No par'
——
22%
2
105
—No par
(The).^
$7 preferred
110
>
r'"i
Mar 26
25 7% Jan
*
100
—-
7
21
Aug 21
29
o
preferred——.
10
Nov
Nov
:
25
.145% Jan
preferred———————100
4
;
22
■
16
100
100
_10
Sugar—
preferred
Cuneo *Press
,
12,400
!
of
Oud&hy
1,200
'
•
:
*124%
35%
112
Oct
.
-100
Packing Co—30
"
'
53
*
19
116
5%
..
30 y« Dec
106% Dec
No par
Cuba RR 6%
300
r:
35%
106%
52
1,600
20% Jan
53
No par
Cuban-American
t
6
Corp—ft
Crucible Steel
200
Jan
49% Nov 24
par
preferred
7%
35
22
$4
880
6,800
\
par
No
Zelierbach
$4.20
,!
5,600
.
*106
22% "
ioo
—No
2nd preferred.:
Crown
.i,
400
:
Seal.
ft,
preferred
$2
160
99% "
.
36 y8
106%'
22 y8
74
27%
27%
"
Cork
Crown
'
147
7%
130
35%
•*
'
.
40
45%
■
48% \49.:'
23%
145
,73
■
8
*124'/a
35%
106%
51
29%
26
*148
100
*99%
"
*
73%
"-"•27%
Corn
700
110%
25%
46%
45%
35%
22%
22%
7%
Jan
24%
24
Motors
pref
3 V2To :
400
47
*39
160
106 %
*48%
146%
',-*72%
*148
100%
35%
*106
51
22
v.'
100'/a
35%
106%
*
29
■
46%
39
*48%
79
13
17% Jan
Corning Glass Works common
1,200
107%
110
*144,
Feb
1
•34% Nov
24% Jan,
;,
_1&
Itic—
Oil
Exch
Corn
'800
v.
119%
26
'
V:
/
107%
39
35%
%
124% Dec
2
25% Jan
$4.50
Cornell-DuDiller
r
58
119%
46
47%
110%
*106
July
•'
13
24
No par
Copperweld Steel
.
.
3,500
"52%
107%
*120
25%
•">
2,000
;
r
123
107
124
107%
*120
39
*110
1 VB
4% Nov
2
Jan
Aircraft™——1
Diamond
$3. prior
t
38%
*57%
52
Jun
1 3,900
:
.
39%
38%
38 %
59
'
107
.
t
*31-31%
31% -y
l7%
26% Mar 31
3
Cooper-Bessemer Corp-*-;
2,100
;
109%
'58 y2
38%
-v
52
..
.124
46%
*31
6%
7/a
Apr
28
*
57
57
29%
109%
y2
6»/2
*107
31
38l/a
107
,6%
39%
14%
29% Jan
Continental Steel Corp———Nn par:
3,400
,
12
6%
*106%
31%
*120
66
200
11%
41%
10
■
No par
Continental Insurance—
,
10
65%
12 y4
12
6%
109%
f
3,300
1,010
109
'197%
65%
200
*197%
12
40%
6%
41
^
36%
*io7y4
109
65%
65%
200
*197
v;
12
-
36
36%
*io7ya
Jun
257/8 Dec
22
par
i
'
200
56
36 y4
36%
108
108
43%
17
HJan-
5
*
Y_
$3.75 preferred
Continental
1,600
>
f
%
49 hi
Jan
116% Dec
89
-No par
Corp
Can
Continental
Continental
*
>
'•
23%
62
Jan
37%
4
Baking Co__——No par
Continental
/
i"
•
-
39 Va
13
28 y4 Jan
r
par
preferred
$5.50
20
23%
:'
2
53 '/a Sep
15% Aug 31
23
of America
Corp
Continental
i
62
18
52%
26% Dec
52% Nov
2
par
Co^
Edison
..
24%
28
24
Dec
No par
oei'les__
Consol RR of Cuba
.„
1,100
53%
17%
7
Dec
47J/2 Jan
par
pfd
conv
4,500
-
53%
52 y«
45% Nov
110
-No
Edison
400
r
40%
28
24
15
100
$5 preferred-..^..
.15,900
53%
53
Jan
5% Mar
1
Jan
& Southern__No
preferred
$1 25
5,900
I
28 %
25
17
41% Oct
39
preferred
Consol. Laundries
2,100
19
53%
18%
17%
107% Oct
23
„_10
Consol
300
>
39%
"
27
Nov
21
par
Credlt„__,,.
Coppermmes Corp_
/.
i.3oo
:
x
18%
-
Jan
36
par
pielerred
Natural
"
16%
27%
24%
*52
Dec
2
"
1
35 %
90 y4 Jan
Consolidated Cigar^
-3,300
110
16
54%
*52%
-■W»38
50
Jan
Vuliee
.
.
'•44%
44%
*39
24%
*31
Dec
Mar 27
Nov
\
27%
27
17%
52% \i
*106%
35%
37/8
Consolidated
3,000
;
39i/4
,
41
*38%
24
*6%
Jan
25y8
Consolidated
>
x55'/2 / 55 y2
56%
56%
18%
40
26 y4
11
2,500
15%
110
.
40
65%
Mar 26
14
Consul
110
*109
110%
*110.
16%
56%
12
Deo
Nov
1,700
39%
15%
.<•
^
110
43%
noy2
16%
V.t
15%
15%
-
*108
18%
>197
Dec
27%
11% Dec
32,200
114
38%
39%
34%
30
Jan
2
Congoleum-Nalrn Jnc__
,
1,500
•
41
114
r
...
114
39
110
*108
>110%
*106%
Jan
13
14
31
•
'
15%
15%
110
42
41%
114
•'
Deo
12 Va
20
50 y8 Nov
4% Jan
Elec
Conde Nast Pub Inc—No par
:
18,900
38
.
.29%
20
4B>/4 Jun
>_No par
$6
900
*.,
34%
40%
:
44%
33%
*52%
Jan
Jun
2
31
2.S0
B
Commonwealth
1,900
•'
19%
40
39%
*17%
100
Sys Xnc cl A„_..2.50
Br a
Commonwealth
1,200
•,
35%
*39%
H%
2
100
1st
non-cum
Commercial Solvents—
7,300
,»
19%
19%
/
.
32 y8
*108
%
42%
,
Deo
25% Jan
preferred
2nd preferred
non-cum
*%
900
'•
108 y2
32'/4
32%
38%
561/4
116
28 y4 Jan
"115
•
34%
.
Feb
9
10
19
Deo
26% Dec
12,100
6%
42
15%
Sep
109%
Jan
18% Dec
50% Jun
»2.75
151,600
•
43%
'6%
xi07y4< 107%
19%
:
v
43%
7
32 y4
33%
108
113%
"108
38
23
Commercial
7,600
'
34%
34%'
43 y4
3
,j
34%
42
; 44
6%
3
41%
38
Apr
Aug 24
1UO
.
34%
'42
35
33%
25%
Jan
Oommbia
.
3,700
*
,
.
"
33%
i; 39%
41%
6
Nov 23
$3.60
122
•2%
34%
V
20
19
28
50% Dec
14
300
T
,
23%
121%
;
-
43
7
'
105% Dec
2
28
119
23 »/8
3.
43%
34%
42%
*115
121%
34 ■!'
33%
.43 %
6%
i
share
per
preferred series A
100
preferred..
Columbian Carbon-Co. (new)_No par
i,7on
•
48%
24%
121
42%
5x '/8
2%
3%
33%
43
42%
51 Vb
48
'
119
23%
121
33%
26%
52%
48
*115
a34%;■
24
110
6%
1,700
47%
24%
3
3
42%
$
33%
100
Class
20
39'/a
*51%
118
24
120%
33%
Highest
share
Jan
100
Columbia Gas &
.
>1,100
40%
48
*115
%
2%
per
23 y2
new—No par
700
•
39
52%
46%
118
120%
34% Jan
ooatnern
4%
>39,800
'
109
41
40
—
*51%
24
$
8
preferred
conv
Goiumtua
2,000
26%
23%
101% Oct
No par
Dec
49
& Iron Corp
'
10
10%
106%
39
*105
—
52%
47%
2
«si
400
36
44%
45 y»
109
47%
*115
Year 1944
share
uojioraao
40
'
37%
*52
.
per
Colo Fuel
13,000
.
31% Feb
—No par
prelerred
$
x
37%
37
47
•
■
'•
10%
*105
17%
39
47%
■■'It
47%
108%
17i/8
39
share
par
Connie « Aixmau
5%
per
par
No
l
t
Lowest
-
*47
10%
17%
40%
:
37%
*36
38
$3.50
10
,50
17%
Corp No
i/OJgate-Falmoave-l'eet_
700
46%
115
18
17%
Par
2,166
105 »/4
46%
*113
Range Since January 1
Lowest
Highest
Shares
45%
105i/4
106.
47
113
"
*37%
*105 'A
48
Range for Previous
STOCK
Coca-Cola International
45%
46
106
—
: ■
45%
45%
share
per
YORK
EXCHANGE
the Week
*1185
47%
—
•
*111
S
share
per
*105*4
—
__
™
47%
Dec. 28
>1185
45 y2
—
'
*467/e
$
NEW
Sales for
Friday
Dec. 27
*1185
•„
—
—
Thursday
$ per share
—
'
STOCKS
r&lCa.»
Wednesday
;
44%
BALK
Dec. 26
-
"
a44%
mOl
Dec. 25
$ per share
Dec. 24
Dec. 22
AND
Tuesday
Monday
»mtmtin
Monday, December 31, 1945
11% Aug
140
Apr
Apr
4%. Jun
14%
July
61%
;
Jun
Dec
7% Nov
19y4 Nov
127 /
Nov
28%
Dec
13%
114% May
21 Vm Apr
Nov
D
*25
26
,
609
'
25%
25%
25%
*112
*112
113%
44%
43%
43%
44%
44%
*38%
32%
32%
44%
45
44%
800
44%
3,500
■
Dayton Pow & Li 4 ya%
Decca Records Inc
Deere
39
*31%
32%
44%
45 y8
44 Va
44% "-t
13%
13%
X24%
25%
*72%
78
14
25
14
14%
78
;4O6
4,400
25%
>
*72%
29
26%
26%
26%
26%
27%
27%
V.27%
40%
40
40%
40%
40%
40%
12,000
-
%•*•:
40%
5,000
>.
44%
*42Va
43%
*42%
43
31%
32 y*
33%
32%
32%
32 y8
32%
77
78%
77%
82%
82
853/4
.
'
*106 y8
*42%
108
*106%
*106'/8
108
47%
48%
49%
49%
*48%
'*53%
54 %
54%
54%
54 %
108
108
108
400
"1.666
8,900
*49
50
*53%
54%
100
•
'
50
54%
100
V
•
f.
'I
26%
26 %
26%
vc
*26%
27
27
27 Vz
;y
95%
95%
94
95
4*160
160
*162
117
*113
95 y2
117
e
26%
X26
164
*113
;
>■
26%
27 y8
-• 25 3/4
26%
'95%
96%
160
*113
117
297/8
30%
A*Iliy2
113%
^",*27%
28%
28
28%
28
28
*soy2
31%
*31
31%
31%
31%
-
,
■f
184
'
V.
30%
*111%
185
186
31
29%
113%
*111%
:i 186
187
1'28
128
128
128
128
115
115
115
115
29%'
31%
*128%
./•
xll4
186
'■
:
2,400
"
:
Jan
41%
Oct
Apr
457/a
jun
36 '/a
Oct
Apr
Jan
19
57l/2 Jun
18
17%
Jan
77/a Mar 29
163/8 Jun
25
100
_50
Aug 21
34% Jan
21
Jan
2
Jan
31
25% Dec
5
75
Sep 11
25% Dec
21
29% Dec
Aug 20
457/6 Nov
7
22% July
*373/a Dec
5 7/a
Jan
18%
Jan
21%
52
Feb
65
Oct
28'/a
Jun
35%
Dec
97/8 Mar
Dec
29
—
Raynolds
&
Devoe
Diamond
new——12.50
A
No
Match
4
2
35
38
Jan
22
105
Jan
25
8
—:———No par '
International
1
DUplan Corp
:
Du P de Nemours (EI)
preferred
Light 6%
$4.50
Duqoesne
—No par
20
& Co
1st pfd
Nov
48
16% Jan
Doehler-Jarvls Corp
Mines Ltd
>
40% Jan
No par
:
100,
—No par
—No par
A
33
29
;
Corp-Seagr's Ltd
5 °>r
preferred
Dixie Cup Co common
Distil
Class
par
—2
preferred
partlc
Diamond T Motor Car Co
300
80
i
,
21%
17%
Dunhill
ioo
128%
114
2
36%
1,800
(
184
49% Nov
32 y4
series A—.—No par :
Dresser Industries —
—
,_f>0c
3%% conv preferred--^.
100
'
'
*30%
Apr
9
5
7,200
i
27y2
33
12
12
$4 preferred
113%
•
113%
33% Dec
Dome
800
%
27
128
115
29%
*112
187 V*
«1'15
No par
100
3
38% Mar
Dec
4
33%
28
X27%
■42
Jan
85% Dec
Feb
.
95
Sep
17% July
Dec
387/a
105
Apr
Dec
Mar
9
17% Mar 26
49% Dec
26
15%
Jan
20%
47:
Mar 20.
56
Dec
6
43%
Jan
49
Nov
18
Jan
29% Oct
10
22
% Jan
27%
July
2
109
2
29y8 Nov
15
Mar 26
4
100'/2 Dec
167% Dec
11
122 7a Jan
,110% Jan
2
115
65
27
Apr
6
111% Dec
17
.
72%
May
Nov
13
114%
Apl
131
Jan
Oct 20
106%
Jan
113
Aug
33% Jun
112
21% May
47
Sep
D<*j
25
6
Apr
Fell
14%
Nov
20 %
Dec
Jan
2
192% Oct
9
137
Fell
162%
,125% Jan
9
129
Feb
1
1237/8
Jun
128%
Dec
Oct
6
117
Mar
6
113
Dei
120%
Jan
Jan
22
39%'Jan
22
33
Mar 21
30 y2 Dec
10
20% Aug 24
34 y4 Dec
10
12
155
113
'
.
8%
11'/a
Jun
\
.
;■>">
\
■A
I
20%
20%
125y2
1{24
20
'-k.
20%
,
124%
,
20%
127
121
*29
31
*30
32
*30
225
227
227
*224
193
192%
192%
*191
193
/
.•
227 %
*101
65%
65 3 4
65 3
53%
54
55
*108%
109%
*110%
226%
*55
109
36%
36
.
*191
"6%
139
55%
55%
*108
36'
35 %
64%
1,000
-
.
300
.
20
36%
1
1,200
6%
4
y4%
Ekco
12%
3 2%
8,300
Elastic
70
67%
69
68
68
1.700
Electric
22%
22%
22%
*111
6%
.7
,
sN
.
67k
15078
149
149%
139
139
137
138
139
see
page
00
17%
r-i 00
4 % %
.
17%
3 49
*136
5,200
Electric
6%
22
7%
18%
150'/a
111%
5,500
Fler
18%
11,900
22%
1—
100
Si
Electric
1
Nut Co
Stop
Auf.c-Llte
(The)—
Boat.
Mns
Ind
Power
149
700
$7
138%
400
$6 preferred
preferred
I
185 1
<
-5
100
.v
Am
shares
—9
3
+—
No par
St Light
*
18% Jan
170
..
preferred
13
pat
common—_2
preferred
3211.
preferred
Products Co_
33
111%
*
100
No
Co—
Manufneturlne Co
32%
*110%
*r~
—
-
Edison Bros Stores Inc
12%
•
Kodak
Cum
fotnn
—10
lnc__
Stainless Steel Corp—.—9
Eastman
111%
18
footnotes
500
10
?
109%
109
150
*v.-
'
110%
21%
.6%
17% '
149
193
64
*53
ad lines
Eastern
32
227 %
65%
'
*«»■
Aaatoi u
Co
Eagle-Picher
2,100
69
68
22%
»'2i%
*29%
31
2,500
20 %
121
11%
12
68
65%
4
1093 '2
35%
*
111%
.*.11%
1
*109
35%
35
139
'
65%
63%
•
20%
20%
123%
225
.
r
30%-
113%
Dec
40% Dec
Douglas Aircraft
—No par
Dow Chemical Co common—No par
117
*113
Oct
109%
47% May
1,800
158%, 159
.163
18 %
27
22
7,600
!
Jan
3
Dec
v 67
40
3.100
27
27%
96
6%
13%, Jun
Dec
34% Aug 22
■
,_.26y2
8
28
•114
20
6%
''
76%
44
27% Dec
6
13
39% Mar 29
10
Lack & Western..
Detroit* Edison
r
31%
*75%
""*42%
12
Sep
Jan
2
par
Delsel-Wemmer-Gllbert
Delaware «fe Hudson
Delaware
12 y8 Jan
16V4 Jan
1083
Detroit Hillsdale «r 8 W RR Co—100
3,100
:Vi::
78
■s
—20
——;
—
1
—
——No
Co
&
Preferred
*38
32 y4
*39%
Vi
30
44%
39
25%
*72
1,800
'
32%
45%
25%
247/J,
,78
■"si*72%
44 y4
45%
:
25 y4 ■
114
*112%
44%
*38
33%
14
14%
14
->24%
24%
26%
114
44%
45%..,
45 Va
3/8
113 y2
44%
39%
33
■'ih
25
/-:
44%
44%
39%
*39
....
25%
113%
Stores Corp
Davison Chemical Corp
Davega
No par.
—No var
26
12
Jun
15
Sep
17
24
July 24
106
Aug 27
8V2 May
42% Jan
Jan
47/a Aug
F«b
157
200
6
22
14
5
Dec
Jan
104
8
3
229
Jan
10%
Dec
July 30
21% Jan
49
21 ?'8 Dec
35% Nov
134
2
175
66% Oct
2
41
Dec
26
109% Dec
14% July
41
Apr
6%
,
Fib
25%
178 *
Jvn
195
Jun
-
Den
Dec
Dec
Sep
12
55
39 Va Dec
112
Dec
,
Jhn
16% Miy
52
Deo
24%
Dec
7
1
15%
Sep
13
Dec
20
71
Dec
6
37%
Jan
45% Aug
24% Dec
7.% Dec
19% Dec
3
10
Apr
15%
20
7
27
^8% Hec
3
3
3%'Jan
6%
Dec
Oct
5% July
8
3%
Nov
109
Jan
3
158
Dec
10
81V2
Apr
114
Dec
103
Jan
,3
146
Dec
11
78
Apr
103%
Dec
37/s Jan
2
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4451
CVolume. 162
LOW
Saturday
Monday
.
AND
*
Dec. ;H
Dec. 22
Hiai
Tuesday
Dec. 25
„
.
SALE
STOCKS
PRICES
Wednesday
,,
Sales for
Friday
Thursday
NEW
''
the Week
Dec. 28
Dec. 27
Dec. 26
;
3205
Y
Range for Previoaa
STOCK
YORK
EXCHANGE
;
Range Since January 1
Lowest
»
.
Year 1944
Highest
Lowest
Highest
'
I
S
per share
*50
t per share
t per share
$
51%
51%
*46%
share
50%
per
47
28
%
51 'A
47
46%
28'/a
$
share
per
Shares
"
51%
•
47
'
51%
46%
52
46%
per share
47
El
1,800
Storage
Natural Gas
Paso
28%
29%
28
28%
27%
28
6,900
Emerson
24%
25
25%
25%
25%
25%
2,200
Emerson
Radio
*75%
80%
*75%
80%
77%
77%
*75%
80%
100
104%
104%
105
105
33%
104'/a
35
105%
*104%
105
105
107
$5%
109
*107
109
108
109
*107
109
*107
17%
18%
3%
18%
18%
17%.
85
85
86
...
*91%
96
*91%
19%
18%
18%
19
19
24%
<25
25%
57%
uo%
9'A
*8%
8%
o
^
%
*24%
8%
60%
.61
33
25
25
64%
65
31%
Va 77"
57%
Jan
107% Dec
17
101 Va
Jan
Dec
6
8%
Jan
19
19
64%
,31%.
32%
;
*110%
*110%
112
10;500
25%
1,000
i 18
5
112
4
37
5
106
100% Sep
17
101
18
No
No
par
17 Va
Jan
104
Dec
108
89
Jan
105
Nov
109
July 12
92%
Jan
107
%
Apr
4% Nov
14
41%
31
%
25'A
r,
20 Va Jun
22
9%
Jan
14
Deo
12
86
Dec
28
40%
Jan
70
Dec
Jan
27
92
Nov
19
78%
Feb
84% Aug
11% Jan
2
20 Va Dec
1
8%
Apr
13%
86
3
12
15 Va Jan
24
28% Dec
8
9%
Apr
17%
Dec
3
*2 % Jan
24
62% Nov
17
21%
Jan
47%
Dec
2
9% Dec
"7
0%
Dec
2.50
6.
Jan
-
2% Jan
par
42% Jan
2
65
17
33 Va
Jan
44%
Deo
25 Va Jan
4
36% Nov 28
21%
Jan
47%
Dec
9%
Jan
"14%
Jan
14%
Jan
A Co
Morse
No
12% Mar 26
Farnsworth Televls'n
Federal
$6
Light
Nov
20% Dec
11
5
25% Nov
28
Mar 28
17
15
No par
Traction
&
preferred
557 ■>•<'
54%
42'A
41%
42%
31%;.
31%
16%
16%.
110% Oct
17
427/s Dec
5
19%
32 >/a Nov
8
Dec
10
Jan
104
105%.
32%
61%
61%
*68
.
:
35%
17
17%:,>7
7
7
L'L
7
■
17
11 %
11%
70
68 %
28%
29%
28 Va
74%
:"
•27
28%
*142
>7
Florida
41%
7
11%
11%
7
69%
*67%
.;
69%
27%
Nov
17
Apr
24
Dec
5
Jan
10% Aug
32
28%
'
26 %
•■"••'
5%
...:7
■
40%
25%
146
50
f.v
' 77 35 >;
<
160
7.
—
r-..
50
•/'
'
Y.'Y
"
'
>
Fair
1,300
•
F'k
45
Jan
53 Va
Nov
Feb
103%
Apr
109
Jun
35%
Jan
44
Aug
38% Dec 10
111% Nov 20
18% May
26 Va
Jun
34%
Jan
42 Va
Dec
24%
Dec
33%
16
July 20
Jan
11%
9%
9%
*24
20%
24%
11 Va
:"~**\
•
10'/a
9%
19 Va
,
19 %
19'A
2D
.< '
24%
•80
11%
9%
19%
25' "
.
26
25'A
:•> 24
*11 Va
11%
10
18% Dec
13
2
26
24 Va
I 25%.
13%
-
13%
13%
55%
54%
13% Dec
37
36
36
*35
*79
81
*79
82
7 *79
23%
23%
•108
59%
*58%
'
'
59 %
V
59%
13%
13'A
13
13%
13
185%
185
185'/a
185
26%
26%
26%
26%
26
13%
13%
13%
14'A
13%
35
34
35
*34%
139
•34
139
„
33
33
Dec
28
11 Va May
16
Nov
80 Va Jun
5
53%
Jan
69
Dec
24"
44 Va Dec
8
16
Jan
29
Dec
25
Jan
24
43 Va Dec
7
20
Jan
25%
14
Apr
10
26% Nov
30
13%
Jan
17%
9
70
Jan
7
30%
Jan
29%
Jan
pfd
100
Mar
118
±0
34
Jan
13
146
May
51% Nov
9
5
71% Dec
11
Dec
26
36
Dec
Jan
17
162"
Dec
11
6% Jan
4% Jan
2
22
12% Dec
12
10% Dec
4
2%
6
6
197/a Nov
13
5
15%
Sep
Oct
47%
50%
50%
33
"
171
*169
47%
46%
47 Vs
V
51%
'
48
47%
48
>
133%
*132
1"*4
*119
125
*119
125
'
75
21%
6%
"14
2,300
34
139%
33%
1,400
'■
47%
52
46 Va
46%
*119
49
Y
:
•
*47'/a
.
49
132%
*133
10
76
22
34%
7 34
6%
34
6%
43 %
-
V
75%
*129'A
130
700
22
1,100
22
V
42
7
33%
6%
25,300
33%
*140
8%
7%
*31
30%
31%
•
31%
8 '/a
32
,.
31
30%
31
127
*140
8
.
127
31%
\
30
128%
127
;
""
7%
:•
41
conv
39'/a
39%
.
'35%
36%
36% .36%
110
*107
*107
110
42
42
42
31%
115
115
♦111
22%
23
*104%
"7
37
*107
6%
6%
153%
36%
>
36%
70%
72
104
60
60
116
35%
35%
10%
35
10%
10%
'
/•'
•
7 Va
7
7%
33%
■
■
33%
19%
*31
31%
*107
107 %
17
17%
59%
59%
32'A
33
*173
>
*67
71'/a
♦79
81
33
32%
108
52%
11%
*67
*106
53%
53%
33%
33 %
20%
20
20%
32
31%
32%
11%
11%
74%
74%
61%
61Va
For
footnotes
see
page
3211.
Feb
7
7% July
Dec
22%
124
Dec
;
29 Va July •
..
Dec
155
Feb
140
May 31
172
17
49% Sep
24
12
35
Feb
40%
Dec
Nov
8
40
Nov,
43%
July
128
Mar
56
1
,
31%
31
107
107
33%
33 Va
♦107
53%
11%
•*73
33%
33%
173%
71%
33%
*172
*68
80
*
54%
11%
100
24%
74
•
3,100
;
60
71 Va
81 «/2
33
*107
500
33%
80%
33%
108
173%
3,400
108
53%
53 V»
.11%
11-%
100
100
23%
24 Va
61%
.75
*73
60'%
61 %
10
5,300
2,800
120
6,400
■
19
t5
Gulf
3
2 v4
July
Corp
3 Va
Dec
10
19%
Apr
25% July
22
14%
Jan
19%
Sep
110%
31
22
1
.—9
-—5
—_100
Ohi0;RR
:
—1
No par
-Au
Apr
Nov
Nov
124
Oct
4%
Nov
Dec
3
74%
7
22%
Jan
27
Dec
10
19
Jan
31%
Dec
19%
Feb"
26%
Dec
16%
Dec
Mar
Jan
52% Jan
JU
8
26% Dec
8
63% Dec
6
104 Va Dec
17
69
Jan
90 V»
Dec
11 Va
Jan
22%
Dec
Jan
25%
Dec
Apr
52
Aug
20
Oct
Jan
7%
4
26
23
2
39
4
57
18%
14%
25%
"105
14%
46
28%
161%
.,64
52%
165 Va Jan
28Va
5'A
82
1714%
2%
Jan
85%
Jan
4% May
40
Dec
175
~Feb
54%
Jun
Jan
104 %
Nov
98
6
63% Oct
18
36%
Feb
51%
Deo
Jan
112 V*
Jun
17 Va
115
Nov
13
104Va
39
Dec
6
8%
Jan
1%
Jan
7
3%
Jan
5V4 July
12% Aug 27>
*
7% Nov
/
Jan 24
28
33% Dec 22
21% Dec
4
33% Dec
15 V» May
,
19%
9%
Feb
16
Oct
Aug
Dec
July
4
109 Va Nov
2
Nov
21% Dec,
A
14 Vn
Dec
17%
65% Nov
Aug 20
Jan 2
Mar 16
58
Jan 23
.49% Jan. 6
18 Va
45
28
18
,
105 % Mar
Sep 18
Mar 26
Oct .18
Mar 27
12
Nov
74% Oct
40
Jan .2
Jan 20
Jan 25
22% Jan 2
104% Jap 12
May 16
18
7% Oct
Jan
3
Jan 23
Sep 18
..
11
July 30
105% Dec
3% Jan
July 27
Feb
1
July 27
Apr 20
48
July 27
107% May 19
12% Mar 26
5% Jan. 2
-4 A Jan. .2
■
Mar 12
Dec
9
2
No vrtr
2»
Dec
133% Dec
147%
25%
53
102
No par
Ore
Dec
31%
7
112
38% Dec
96
Sep
25% Jan
,
No par
No par
Co——t
Apr
5
44% Nov
90
21
.-10
No par
No pa'
Apr
6
Oct
34
>3% Mar 27
,
Co——————-17" V
M S & P
-
iya
19%
Dec
8% Dec
Mar 29
105% Nov
—50
Sugar common
preferred
Oil
Jun
27% Aug 21
No par
-No par
preferred —7
\Guit Mobile &
300
23%
6
25% Mar 29
.—No par
n
4,500
13% July
Apr
46
Prop;—No par.
Great Northern Ry 6% pfd—No par
Great Western Sugar—i
No par.
Preferred
100
.Green Bay & West RR
-100
Green (H L) Co Inc
1
Greyhound Corp (The)
No par
4 % %
preferred
—100
Grumman Aircraft Corn..
1
$5 conv
Jan
110
Co..
Oct
Jan
4%
18%
2
—
130%
125%
15
Steel—
T)
Jan
July
7% Dec
23
99
66
Feb
10
46 Va
3
Jan
51%
11
140
10
21
Nov
134 Va
14
10;
Dec
Jan
Motors-
Iron
Guantanamo
Dec
36% Dec
Jun
preferred
Nor
Feb
3 Va Jan
123
preferred—No par 7
Hosiery——.
No par
(W
3%%
...
77% Dec
26
(B F)—
'
61%
125
convertible
Great
.
107
preferred
Grant
200
22
62
Telegraph Co——100;
Grand Union
1,500
r
6,100
*172
Brewing
& Stock
Granite City
Jan
123
25
6
preferred
conv
Co
134
Aug 20
114% Oct
190{
;—No par
No par
Razor
(The)
Co
52% Aug 29
Mar
6"'
43 % Aug 23
127
———100
preferred
Granby Consol
300
60%
.24
61%
377/s Jan
40
:_10c
Rubber Co__—-
&
Graham-Paige
2,700
59
100
73
2,70(5
20%
60 %
25
61%
7%
33%
59 %
v
Oct
153
3
preferred
Gotham
30,200
20 Va
.
$5
1,100
10%
1
5,400
100
73
107%
.
17%
80
12
Apr
■
Dec
19%
7
Jan
25 Va
24
Goodyear Tire & "Auba
$5
35
17 %
*66
•24%
81%
16
l7/a Jan
Goodrich
200
*32%
'
$4.50
Gold
4,400
17%
71 %
100
25
Oct
36
28% Jan
2,600
105
17Va
81%
24%
145 % Oct
10c
No par
71%
7%
97
22
27 Va Mar 20
Equip Corp—No par
Goodall-Sanford Inc
10 Va
24%
*94
114% Jan
15
Nov
161*
Jan
Mar
70
35
54
Jan
23
Brothers-
tGoebel
2,900
7%
33%
Jan
4%
11%
130
2,000
10%
108
6%
10
29
15
Oct
9% July
Feb
Dec
277/a Dec
54%
-
Jan
/
38 % Nov
2
2
Safety
conv
Glidden
5,000
7
35%
337/a
7%
22
Mar 21
3
153%
37
7%
173%
<
143
Jan
17'A Jan
7 6
16
preferred
4%%
10%
61
11
Jan
37'A
*150Va
36 V«
100
«
114%
*106
Tire
Glmbel
56
6% ;■
6%
151
33%
t
$5
18,600
38%
37%.
*54%
♦113%
17%
80%
33
*106
;
60%
114%
<•
.
6
185% Dec
preferred—--———-100
Gillette
4,300
105
35
60
173%
105%-
104 Va
*113
'
14% Dec
2
General
4%%
59 Va
107'A
33%
*
71
17%
173%
59%
63
59%
7%
2
Corp.
-—20
Gen Time Instrument Corp—No par
100
*103
10%
8% Jan
Telephone
General
,
105
73%
36
Apr
160% Jan
1,100
22%:
-
60 V8
107%
•
*104%
103%
;
Dec
41%
May
Railway
4%%
59%
-
Dec
16 Va
11
2,200
r
*102%
-
20%
31%
71
200
1,900
42
61 Va
*32 %
19%
6%
36%
114%
58 Va
Feb
22% Jan
Precision
115
103%
;
Jan
10 Va
13
No par
Public Service——,
'
56
150
no
•'
't> 22'/a
38
73
♦113
*il3
23 %
104%
37%
36 %
103
59%
42
•111
*54%
153%
72
*102%
59%
7
6 Va
35%
" '•
*104%
56
*151
f
23
*107
43
115
104%
38%
*54
56
*151%
104
37%
37%
Y;
63%
62
104
105
37%
*54
23%"
51
19
61V4 Nov
No par
General Shoe Corp..-——1
Gen Steel Cast $6 preferred—No par
1,200
426 Va 126%
.7- •40 4 *"40 ■■■'. ;. "37- 7 -37%
•
*
110
42 Va*111
30
29%
39 Va
>36
105
•104%
59%
52%
*103
23%
7
105
i
■
15
24 % Dec
109% Dec
100
Signal-—
•"7 6%
preferred.
9,500 > Gen Realty & Utilities——
General Refractories—^
1,400
30%.,".31
,
128%
38 %
43
♦111
80% Dec
22
18
—
Gen
Gen
1,000
~8Va
7%
•
30
128
40%
Dec
Dec
31
preferred
Gen
2,600
V42
*140
8
'
*38%
7%
23 Va
Jan
—-—100
—100
——10
t General Motors Corp
7 $5 preferred
No par
Gen Outdoor Adv common—No par
600
6%
6
43%
'
*140
Jan
49
No par
..No pam
common
preferred
5%
Y
3% %
76
76%
129
21%
Mills
General
300
;
125
128%
6%
42%
42%:
Dec
Jun
-Nov
66
Feb
104% Apr
-_100
'
7 42'%
18 Va
"
4%
719
—
18 V4
Dec
13 Va
10
12% Jan
No par
Corp
Foods
General
62 Va
>,17 Va Dec
10
No par
inc—
"
July
5% July
.
15
No par
Cigar
7
Jan
Dec
14% Dec
58
!_I
preferred
cum
7% preferred
'.General Electric Co.
2,800
135
*119
22%
34%-
6%
1%
General
16.300
51%
51%
..
Corp—
Bronze
2%
Sep
40 % Nov
100
Class A
7
171
*168
•
r
28% Dec
8
*"*"86
Dec 12
lid"
Apr
51% Nov 26
23
Jan
2
58
Jan
2
50
6
—50
General Cable Corp.——
380
33'A
Baking—
preferred
General
500
.
14% Apr
,
9
—9
No par
—,—9
Transportation
Amer
$8
1,900
26'/a.
.
34 •••
*139%
Y
140
128%
21%
33%
33%
Va
General
80 V
*'".'13%
125
132%
76%
-r
128
128
21
26
1,500
2,900
'
74%
73%
128
*184%
preferred-,
preferred
conv
Gen
V
7
par
iGen Amer Investors-—-Y $4.50 preferred
50,100
13 Va
185
No
16
103
-15.
7
*47%
47%,
*132,
7
26%
14 Va
171
46%
52
50 Va
13
33%
*168'
.:
59%
185
conv
5 Va %
61
20
(The)
Dec
44%
Jan
29% Nov
12%
16%
No par
_l
cl A
Sep
36% July
Jan
Jan
42% Mar 26
100
Dec
Dec
135
26
113
_1
Co
(Robert)
Co
Mar
58%
Aug
Jan
Co__
(The)
Inc
Dec
8% July
5% May
43%
No vn*
Gayiord Container Corp—
110
60
34%
139%
33
33
171
*169
140
139V
33
»
600
18%
18'/a
.
26
Aug 20
15% Jan
CoNo par '
16% Mar 9
preferred ___~66Va Feb '6
Wood Industries Inc
Y
7% Jan
2
4 % %
800
80
.♦108
110
*184%
:
18%
Gar
8,400
36
13%
*108
110 ~
60
81%
Y 18 Va
18%
xl8
109
35
*79
36
10
Jun
25
preferred
Gamewell
*78
/
6
75
24
Gardner-Denver
$3
55'A
Co
Co
6%
1,800
,;'86
13%'. 13%
55
;
Galr
400
.7
25
13%
•
54 %
*36
*108
1,300
55%
86
'
13
13,000
13%
*80"
.86
*80
3
Dec
59 Va
preferred
Oabrlel
1,000
9 Va
49 Y
24%
*54%
86
54%
11%
19'/a
24%
9%
,
19 '/a
10
44
4
'
11
10%
*19
Oct
53
35
%
♦ Va
10
Dec
57 Va
38%
3
60
10
Co___..—
Trailer
K'-iehauf
200
Dec
5
70% Nov
6% Mar 20
5,200
Y..
28
47% Jan
-10
-
Corp
Sulphur
63% Dec
2
26
-
Simon & Co Inc 7%
n
Freeport
Aug
10
1
Corp
Sugar
27%
108
'
Oct
10
preferied
prior
Francisco
2,100
77
-7:
;
6%
Jan
30% Feb
.,
100
Inc
Machinery
2,300
Y.Y
7;'■*10
35 v3
.
,
r
Stores
Food
Foster-Wheeler
Jan
17
16% Dec
No pat
Corp
Jan
93
23% Jan
7 Va
—.i
A
22%
5
110% Mar
41
preferred
Food
.777 7,7
35Vai
■.
v
77 70
146
36
■
26%
50
■
Steel
conv
900
:■
75
*142
,■
'>
36
35 ..7
rl60
28
26
146
•
V
I
;.,;77 v:
40%: 7
28
26%
.50
.
•
.''4
.Y/"',
39 %
"•
omaa
5
18
Jan
107
No
Corp
einue
3,300
33
31%
.75
.
*27 V3 "28%
49%
49%
68
151
146
*142
30
74%:
40%
40 Va
49
>
29
-
Power
Follansbee
10
On
59% Dec
107% Apr
34% Nov
53% Mar 26
No par
com
Dec
23
105% Apr
par
No par
Stove
riuitmeiiu
2,000
(The)
Co
No
Aug
Apr
26
42% Jan * 2
25
100
•
Stores
preferred
tf'orpnce
6,400
11%
43
74
74%
*27 V2
■
146
49
67%
17
*40 V4
$4
200
7
..-
11%
74 %
25
ri5i
Flintkote
40
50%
16%
.U.
,
6,300
■V.
*67%
40 %
:
40% 7;
..
17%
*401/4
25%
*39%
25
43
36%
111
*49%
50%
National
First
50
Dec
17%
105
Jan
100
22
21% July 24
10
preferred
4%%
2,000
•'
74%
27%
36%
Y
Jan
18
22
28 'A Jan
103
1
Corp
Fire Ins N
Phen
2
5
9% Jan
No par
100
preferred
Firestone Tire Si Rubber
.V
600
V
56%
*110
Fidel
2,900
108%
■
•
*54%
37%
800
23'A Jan
No par
Sfres
Dept
conv
Enamel
Ferro
1,200
67%
67
*108
7;
56
16%
.
68%
40 %
68%
107%
■
4'A %
140
63%
50
7
12
*68%
W—
62%
36%
17% 7
:i
*11%
*
32
Federated
4,400
V:
33%/
55
51 %
41
V
63
.,111 7 111
*39%
56
106
32
67
37%
*50%
55%'
Corp
25% Jan
5
Federal Motor Truck
106
106
107%
111
*110
51%
7
;
55%
36%
111
50 Va
69
55
36%
111
:
108%
*107%
Yk-r
Federal-Mogul
2,400
32%
62%
68%
,
54% 7
Federal
1,400
16%
.
63
33%
62
108%
54%
106
106
33'A
;
69
„
108%
*
105%
Y
.
>
32%
r
55%
54%
56%
55
'
*105 Va
•
2
Mln Si Smelt Co
1,500
31%
16'/a
42
32
16%
A 16%
*•
42%.
31%
42%
16
„
Oct
3
Co
Corp
Palrbanks
600
112
'110%
...
31%
31
15%.
7
Dec
Dec
1%
•
41%
i->cC
87
68% Jan
50
Cleaner
Jun
108%
July 16
July 24
May 21
12% Jan
100
RR Co—
Sep
1
par
20
Fajardo Sug Co of Pr Rico
1/J
Si Rad Corp.l
1,700
19%
•
V2
25
25
25
'.
'
Jan
No par
Bldg
•
112
Sep
16
No par
'
*110%
103
100% Jan
a
Exchange Buffet Corp
3uu
Dec
Dec
13
100
Products
Ex-Cell-O
22%
68%
Dec
No par
Vacuum
Evans
900
2,600
\
Sep
*
33%
20
•
61
Feb
15
81
Mar 26
62
60
common
Pitts
27%
18
Bervice-
Office
share
34% Nov
10
pref series A
A
Eureka
3,400
i
*63 7
64
33%
19%
777: viiV'
19
'<,<$
63
33%
-v
33%
.
18%
Erie
8%
8%
RR
5%
1,100
.
25%'
59%j
o.-»
8%
8%
j
25
25
aii
•
19%
•!
.
Erie
96
17%
15
47% July
29 Va Jan
preferred
16,600
18%
*83
96
48% Oct
$ per
Apr
39 %
27'A Dec
Corp
Public
JEquitable
8
20 % Mar 27
$5 preferred
11,600
83%
•91%
18%
24%
3%
18%
96
*56
3%
3%
3%
83%
8282% '
18%
3%
140
V
55'A Nov
8
sharrf
21% Aug 20
$6 preferred
*105%
*107
Engineers
6,500
•
106
106
per
34'A Mar 21
preferred-
*105%
♦105%
*91Va-
4%
109
109
3 %
120
34%
34%
105 %
*105V4
3'A
33%
33%
105 %
35%
106
share
3
Mfg Co
Si
Indlcott Johnson
106
34'A
105%
per
4
Phonograph—5
Electric
24%
43% Aug
Nu par
Battery
*24
.
Par
V
,
Electric
600
$
t per share
,
7
25%
Jan
49 Va
28
24%
Jan
30
Dec
143%
Feb
163
Nov
May
67
Feb
Deo
39 Va Nov
Deo
May
25'.
75
Oct
10
57
86
Dec
10
43%
Feb
55%
x35
Dec
7
19 Va
Feb
24 % July
108 V2 Mar
13
105%
Dec
105%
55 Va Dec
6
12% Dec
8
175
:
Dec
Apr
32%
Dec
3%
Apr
6%
Aug
6%
11
1
•
Dec
8
.30 Va Jun
26
Jan
16% May
Jun
14
33
Jan
62 Va
Deo
.61% Dec
26
42 %
Sep
50%
Deo
100
82
THE COMMERCIAL & FINANCIAL CHRONICLE
3206
LOW AND
Dec. 24
Dec. i i
$ per share
I per
HIGH
SALS
Tuesday
Monday
Sstorda*
Thursday
t per
$ per share
the Week
Dec. 28
t per
share
NEW
Sales for
Friday
Dec. 21
Dec. 26
$ per share
shorn
STOCKS
PRICES
Wednesday
Dec. 25
.
Monday, December 31,194$
YORK
Range for Previous
Range Since January 1
STOCK
Lowest
EXCHANGE
.
Shares
share
t
Par
per
Year 194-1
Highest
share
Lowest
$ per share
$
Highest
t per share
share
per
H
*36
*36
39%
%•
39%
*36
39%
39%
39'%.
39 7
26
39
26
26
26
117%
♦103
117%
105
117%
106
*112%
106%
27
27
27
♦150
160
*150
♦40%
*36
*41
42%
800
Hall
26
26
26
300
,
117
*114
117
150
»
41%
41
*105
27y«
105.
105
106%
27
26%
*150
41%
41%
41
41
600
♦11%
11%
11%
11%
11%
11%
ii%
12%
♦102%
104%
*102%
104%
*102'%
104'%
*102%
15%
15%
16
16%
16
16
15%.
15%
2,000
12%.
13%
13%
13%
131%
13%
12%
13%
7,700
121
121
120%
32
32%
103
90
122
"
90
103 3/4
103%
89
♦37%
112
♦135
136%
91
38%
112
114/
*135
*114%
'
136%
240
91
*88
38%
116
135
*37
38 %
900
114
115Va
*135
135
137%
♦84
87%
87%
87%
136%
138
„Helms
70
137'%
29%
135
*86
87%
*87%
♦31%
32%
30%
30%
♦59
29
29
134i%
*28%
29
29%
31%
31%
*31%
32
'•
30%
60
31%
30%
30%
31
31
.*
60
58
58
*57
59
*24
*59
31%,
31%
-
24%
24%
25
25
24%
*24
31
30
30%
30
32
*31%
32%
52%
52%
521%
54%
52%
54
52%
22%
22%
♦59
22%
27%
23
60
60
27%
60
*28%
♦107%' 108
*59
28'%.
22%
22%
22
*59
61
28%
X28
28%
*107%
108
84
83%
84
20%
20%
20%
2Qya
20%
21%
21%
21 %-
49
49
49
49
50
50
50%
52
*83
6%
7
*107%
*83
108
107%'
Xl07%
,/*83
85
85
35%.
7%
7%
7%
7%
7%
IS'/,
18%
18%
18%
18%
35%
35
35%
34%
35%
34%
35
29%
8%
*39%
30%
—
311/4.
9
V
40%
41%
Hudson
12,30a
42%
30
30%
r
9%
40%
43
3S3'/
39%
42%
44
•
5%-
31%
14,000
*39%
40%
43%
11,200
83%
83
84
*83
84
200
6%
90%
90%
90%
*90%
91
170
371/4
37%
37
37
*36%
32%
32%
32
32
32
32
68%
68
68%
66%
67
*106
137
106
138'A
*167
17%
10%
102
106
139
107%
137%
*167
*100%
139
102
17%
17%
103
17%,
17%
10 %
10%
101/8
*10'/a
52%
52%
51%
108
10
14
10
240"""
'107%
108
14%
240
94
95
194
240
95
*191
192
10%
13%"'
.
14%
600
104%
Inland
700
Insuranshar^s- Ctfs
Interchemical
4% %
80
10%
Int
300
95%
12%
12
12%
11%
12%
12,800
32%
T?
32%
31%
*96 %
31%
1,900
98%
*96%
98'%
*96%.
10%
10%
10%
10%
98%
10%
37%
37%
38
*1381/4
141
141
44%
114%
98%
10%
.
115
23
36%
*138%
■
45%
117
44%
36%
117%
46%
23%
23%
111%
112%
*53
56
44
44
43%
*55
170 %
170%
200
*160%
170
160
*140
160
30 %
30%
30 7/0
29%
r.\
30%
30%
30%
30'A
40
39%
39%
3,100
27%
27%
26%
27
42
41
41
*41%
42
*29%
20%
20%
45%
112%
22%
45
139
140
♦130
135
136
*56
58
21%
45
*111%
139
43%
112%
*111%
141
'
141
136
137%
56
57
115
*114
*130
42%
*101%
Foreign
:
56
Dec
46
Jan
77%
Dec
8
Jan
22
Dec
22
19'/a Jan
2
34% Dec
3
par
391/2 Jan
2
69
Dec
11
403
pa*
127
43%
102%
57
57
57
Johnson
600
.
115%
2
140
Feb
26 ;
174
Jun
9
par
82
Jan
2
104% Dec
28
11% Mar 26
19 »A Dec
10
8% Jan
.37% Jan
25
104'A Jan
3
41%
130
128%
128
rl27%
42%
200
300
128%
*125
rl25%
125%
946
1,200
5%
128
128
'■26%
27%.
26%
27%
29%
297/*
29%
29%
*29%
29%
*120%
122%
*120%
122%
27
27
,
Nov
165
Sep
x87
Aug
9% May
7%
12% July
8% Oct
.
Jan
29Va
9
Apr
.
40% July
6
6%
6%
Feb
19
2% Jan
17
Jan
250
27
Nov
193
67%
1-
100% Dec
4
165%
Jan
23
13% Nov
23
2
34% Dec
3
15%
Dec
Dec
2
99
Nov
23
65
3% Aug
Jan
Jan
11% Dec
10
4%
10
25%
Feb
Nov
Jan
1%
39'/a Dec
129
"
82%
180'A
188
r
/
Apr*
26
Dec
141
23
18%: Jun
-
\
13%
6% Jun
: 32'A
Apr
July
Oct
136
2T% Dec
Feb'
66
Dec
80
Jan-
Jan
130
17
Dec
Dec
8% July
10% July
Jan
154%
105%
*
Now
104
17
10'
75% Jan
Feb*
48% Nov
7
120
Dec
28
9% Mar 26
24
Dec
17
7%
Feb*
12%
Mar 27
116
Dec
15
68%
Jan
92
Jun
■39%
Jan
47
Aug
35%
Jan
43
Sep
Dec
19% Jan
84% Jan
79
'
41% July
par
26
26
Dec6
3
57
2
45% Dec
11
39
Feb
92
Jan
2
175
Dec
5
137% Apr
18% Jan
50
100
19
151
Nov
20
2
33
Dec
6
Dec
94
Jun
Jan
93
Feb
135
Oct
11%
Jan
20
Dec
11%
Jan
20% Aug
50%
117
17% Jan
2
41% Dec
6
3
15
24
30% Oct
18
15
Jan
46
Dec
6
29 /
Jan
<45
July
152
Oct
17
138%
Jan
144
Dec
18% Jan
36
145
Johnson..:—
Laughlin Steel
pref series A
pref series B con*
pfd series B called
Jan
Jan
101
12
2
Dec
30% Aug
Feb
30
112%
Jan
84%
Nov,
Nov
16
1371/2 Dec
21
Nov
Dec
105
27
145
25
61
Nov
Sep
17
116
Dec
6
Jan
10
140
Dec
21
27% Jan
24
,
105
Dec
91%
2
139
18
134
Dec
18% Jan
9
111
Dec
95
May
28
Dec
58
Jan
80
Dec
66 Va
Nov 20
Dec
Sep
Sep
90
1
Mar 27
Jan
34%
May
20% Jan
107%
46% Nov 20
79
120
20 Va
Apr
107%
90
1
27
20
Nov
109
.
20 »A July
Apr
114% May 31
Jan
31
,
4
22% Dec
47
22
118'A Aug 22
100
J.00
Kalamazoo- Stove St Furn
Jan
34%
No par
—
Aug 31
109% Aug 22
i—100
—No par
..100
—12%
.
2
19% NOV 26
:—.1
—No par
——,
33'A Dec
,
19% Jan
No par
;
Joy Mfg Co—;
3,100
111%
Feb
No par
Jones St
5%
Jan
14% Dec
74% Mar 21
,
2nd preferred ser A———100
Joliet & Chicago RR stamped—100
13,100
103%
it
71V*
12% Dec
173% Jan
100
Dec
Jan
178% Jan
/
-
106%
8% Mar 26
.
•
Nov
Oct
42% July
Jun
6% Mar 28
.
par
57
109% Oct
20%
Apr
Mar
158
13-
10% Dec
6
par
;
<
88%
28
104% Jan
166
'4%
20
103 %
103
preferred
3%% preferred
200
Dec
par
No par
Johns Manville Corp
2,600
'
26
100
109 % Mar 16
Dec
;23%
No par
Jewel Tea Co Inc—
*114
43%
128
27
Jacobs
*130
42
*101%
130
121%
5.400
4,900
138
Sep
15%
•
,
35% July
2
—
Co-——
21%
143%
Jun
18% Jan
par
1
45
142V2
Nov
32%
Febr
Jan
1
112
*136
AUg.y
Jan
24
;—___
share ctfs—
(F L)
('•
10%
5% Jan
preferred
4%%
6
25'A
40% Dec 10
28'/a Jan
Island Creek Coal
$5
Jan
1
No
Corp.——
Intertype
20
1%
"16% Aug
a
24"
——15
I—100
No par
100
Interstate Dept Stores—
100
-
8'A
May 19
10
9% Dec
Feb
Deo
28 V*, July
22% Mar
-
July;-
2% Jun
11%
11
No par
Silver
700
150
21%
115%
Jan
26
9
—
.A
Salt
*43i%
137%
6
No par
preferred
*111%
22%
45
112%
*130
42%
102%
103
*125
150
143%
57
115
114%
*130
151
Jan
Dec
*
*148%
1%
-
Dec
—,—100
preferred..Intern'l Telep it Teleg—
1,500
39%
28% *
*148%
7
44
29
Chem
—i
International
24,900
39%
*27%
*41
*148%
26%
29%
29%
30%
42
121%
it
7%
38%
37%
28
40%
Min
International Shoe
160
*140
30%
Nov
37%
3
.—100
International
200
1,000
174
114%
No
Harvester.
preferred
5%
220
13%, July*
Feb
34
-•
70% July
Feb;'
7%
30%
24
No par
Machines
Inter Rys of Cent Am
500
Feb-
t
28
2£
International Mining: Corp....
5,000
23%
112
43%
*155
30%
120
23%
112
55%
,*140
63
•
18% Aug
Dec
36% Dec 12
2
Dec
Jan
19% Jan
—No par
Preferred
43%
160
*44%
3% Jan
Nov
47% July
9.
23% Jun 26
;
.-
29% Jan
No par
.
International Paper Co
5% conv preferred
55
170
20%
26% Aug 21
14'A Jan
6
21%
19%
Jan
8
19
100
17,700
44%
*142
Jan
I
Int Nickel of Canada—-
56%
*155
*111%
10*
•v
Aug;
Deo '
Jan
52
16
.
20
21,000
47%.
117%
231/4
112'%
Jan
-
23'A Dec
20
2
47 'A' Sep
13%
87% Nov 27
,
251/a
23'/a
13% Jan
3
109% July
.
22
Dec
10
38
Hydro-Elec Sys class A
4 %
141
45%
118'%
23%
44%
28
Int
3,300
37
Business
International
100
10%
*138%
37%
98%
10
141
111%
56
37
12% Jan
34% Jan
"
44%
113%
*41
Sep 22
66% Jan
2
125
14.
29% Dec
2
102
.a
Nov
63
26
Aug
Apr
Jun
Mar
July
39
,
10
Preferred
40
11%
,
25
25 % Dec
)
73
13%
29
26
2
16% Jan
55% Oct
..
Nov
134
Jan
19%, Feb /
26% NOV 28
35
>•
20'A Jan
.
60% Jun
89
36% Mar,
,
2
Apr
Jan
114/
13
91% Nov
preferred—.
International
2,400
193
31%
29%
15
:
63
28
30
No
InterlakeTron.
12,600
240
95%
*192
11%
30%
,7
27%-Feb
128
13
24
Inc
Corp...
Intercont'l Rubber
3,300
13'/«
31%
*43
Jan
Jan
.
Apr
,75
Dec
31
Nov
170
20%
63,% NOV
2
23
47'% Jan
Inspiration Cons Copper
700
240
96
193
25
J an
72 % Jan
No
Co
400
3,000
31%
37%
Steel
10 %
11%
23
25,
100
17%
13 %
241
95
A
Ingersoll-Rand...
6% preferred
'
241
*192
95%
193
.
•
Jan
Mar
160
July 20"
84
No
No
No
No
RayotK
$4.50 preferred
100
140
10 W
;
/
15
_
9
100
1,500
10 %
108
10
10%
14'.-..
.
*53
33% Nov
75% Feb
3
Feb
9.
Aug,
—100
—1000
/■—
series A.
ctfs
See
Dec
22% July
100
Co:
4'%
17%
51'%
*111%
13
Dec
•
preferred series A
51%
51%
*10.7% 107%
10%
53
43
Dec
32
-No par
Indianapolis Power it Lt
106
103
18%
108
113
138
-No par
Industrial
140
103
*52%
*138%
13
9
100
1,200
*167
*107y8
9%
RR
-
120
37%
*105
*167
102
J3%
--*237
Nov
'
68
-
107%
137
90
189
21 % Aug 20
25
■
Sep
20
RR
Leased- lines
*106
138
15
123
preferred..-.—100
Central
Illinois
90%
31%
15
.50
Idaho-Power Co
200
42%
*82%
67
Feb
72 ,' Feb
63%
8
Hupp Motor Car Corpr
90%
37
115% Dec
par
Hudson Motor car—^.;
8,700
9%
9
83%
66%
8
130
par
Hud Bay Mih Ir Sm. Ltd—
2,300
90 y8
31%
-No
Manhattan.
Sc
•
*82 %.
*36
Jan
17% Jan
com-—: -No
92% Nov
17
par
...
non-cum
Sep
39% Dec
82/
—
July
112
Mar
20%
87/«
110
26
•
30%
9%
44
*39%
9%
900
99
10
35
.2
17
Howe Sound Co
14
Dec
103% Dec
22
41% Jan
....
134% Nov
Mar 13.
'.
par
Houston Oil or Texas v t C.
■
30%
8%
7%-
8'/a
10
,
8,109
19%
Jan
No
1,600
18%
*18
•
2%
Jan
100
3%% preferred
;—_
..No par
Houston Light Si- Power Co..
29
13.,
Dec
22% Jan
:
Household Finance
400
-
14
Mar 26
.,71% Apr
——
com
$2.25* preferred*
200
1,100'
9%. Dec
42
Houdaille-Hershey
3,100
Apr
170
-20
Homestake Mining
■
Jan
6%
par
—*—
Holly Sugar. Corp—
6,600
<
61%
22%
•
28%
Hollander & Bona (A)
2,900,
53
Jan
104%
11
23% Jan
200.'
24i%:
30%
(C E)
"5%
11
No
Holland Furnace (Del)
jun
30
16% Dec
10
The—.
Hires Co
109'
/ Deo
12
14
24
:—. .100
300
JUly
152
Jan
4
20% Jan
Hlnde & Dauch Paper CO—
1,100c
Dec
21
Apr
„
Nov
lOG'A Oct
—No
109
Jun
15%
138
104% Dec
108
No par
Corp,—I—— —5
Hewitt-1 Rubber
200/
43 % Dec
102
2
4
-100
cohv preferred——
04
140«
10
Apr
9% Jan
.100
Hershey" Chocolate—:
100
87%
1341%
130Va
29
12
155.
9
;_is
'5%'/. preferred-1
,
30
•
6
.
11
Oct
98
—23
—
Dec
16'A July
Apr
7% Jan
:■
9
:
Hercules Powder.——
•
6.
Apr
27
11
291/2 Dec
12
x30
22
110% Jtn
28
—a
-
W)_
(G
Dec
Oct
1521'
..10
—;—-
*
♦28ya
par
.100/
Jun
121
18% Jan
105
par
—No
preferred
3%%
'
133
2
/ ; ' 7% non-cum preferred
Hercules Motors—.:
;
400
V
Dec
103'A Aug
Co.—
Glass
Hecht. Co.
"
200
•/—.
iIcC
22 V4
11%
of Amer class A— .—i
..100
preferred (modified)
■
Hazel-Atlas
160
1,700 i.
£
33%
15 % Mar
27% Dec
picl_„iVo
Hayes Industries toe
Hayes Mfg Corpu:—4
34%
*182-
37%
;
4% c,o
103
Apr
43% Nov 30
Hat Corp
3,100
122%'
34%
*102%
*182
37%
♦110
34
103%
*88
*182
38
*121
122
33i%
103%.
89
♦182
120%
93
32%
103
39
2
.100
Harblsop-WalK Refrac:
6 % : preferred/
Hart, Schaffner & Marx
104%
2
2
15'A Jan
preferred-
Hanna- (M A) Co $4.25
?
Jan
20% Jan
.
v
1,700
160
*150
Co.
Printing
conv.
660
-
27
26%
160
41
39%
33
__I0
Hamilton Watch Co.-
8
116%
160
__aa
—No par
Water.
HaoJtensack
39
41
26
Jan
: 93
Dec
11
30% May
20%, Dec
10% Jan
9-
K
29%
*120%
122%
29%
30%
65
'
29%
65
.
*36%
*32%
66%
*37%
38
37%
50%
50%
49%
49%
33%
33%
34%
33
33
23%
49
28
497%
29
49%
50
34
♦32%
67
*65%
17%
16%
♦95
,
97
~
*95
39%
39%
*108%
109%
32%
32%
33'%.
*15%
17%
32%
*15%
177%
*15%
39%
>44
45
45
45
44
; 44%
44%
45%
46
44%
7%
*7
7%
42
43
45"%
35
35
37
37
64
*62
66
*61
r
For
footnotes
see
page
3211.
40
*108% 109%
,
33
♦95
-
97
39%
39 y«
*108%
1,300
9,200
32%
32%
*15
44%
*43%
46
7%
900
.
2-1
109'A
17%
45
7.
2,000
2,900
17'A
44%
-
1,000
45%
1,900
7%
13,800
48%
38
'34
45
47%
4,100
39 y2
38
39
1,000
*64
69
31% Dec
3
124
3
11
Mar 26
31% Dec
22
19-
,
16%
21%- Aug
Apr
1LT
6%
Jam
124 -:
Dec
Feb
'
14%/ Dec
39% Mar
19%. Jan
22
67
Dec
20
18% Jan 26
38
Dec
26
13%
Feb
54% Dec; 20
17
Jan
351/2 Dec
10
20
Jan
24%
Wh'l con* cl ^Au
23% Jan 22
22% Jan 23
18% Jan
2
31
6
13 %
Jan
19% Jun
35% Jan
24
29%
Jun,
37%
Dec
19%, Jan
24"
Dee
31% Mar
42* •
it Go.
B—i—
Jan
Dec
.
51
Dec/10
22% Mar 10
35
Nov
38% Jan.
8
67
Dec
15
19
NOV 28
-
,
8% Jan
r
Laclede Gas Lt Co
-100
Lambert" Co (The)
No par
Lane Bryant
—.——No par
4% % Preferred
50
28
Aug
Aug
9
26
-
40'A Dec
1
107
37
112
'Jan
24
4% Apr ...5
54 % Oct
Mar
3
5
•
17
17% Oct
16-
x49% Npv,
•,
,
50Va Oct
.7% Dec
3
54%
32
108%
22
6%
20 %v Dec
X26
Aug.
Jun
,
Oct
9%/Dee
Feb.
78%"
Jan
Dec
34%, Dec
Dec
Dec
•
,
108%
Dec
Feb
27%. Nov
Jan
10% Oct
8.
27%
Jam
39
Dee
18-
31%
Jam *
37%
Nov-;
26
Apr;
U.
.48% Dec
27.
12
39% Dec
18
63% Dec
27
12
31% Jan ,.3
24 3A Sep
7-
35% Nov
Mar 26
8% Apr- 7
35% July 27
28
-96 '/a Ded: 15
72% May 14
*
•
67%
Class
Jan
1
preferred-
T—-1
Kenneco11-.Coppers..—»——Ntr par
Keystone vSjteel A Wire Co-—No par
Kimberly-Clark Corp.—
No par
Kinney (G R) Co
—.1
$5 prior preferred.
No par
Koppers Co tnc^__——
—10
4%:%. preferred/.//.———-—100
'Kresge- (S S) Co. .
10
Kresge. Dept Stores—
1
Kress? (S H)? St CO.——-—No par
•*'
Kroger Grocery St Bak
—Jio par
,
Jan
Jan*
—9
1
Kay ser. (Julius)
Kelsey Hayes
500
16%
16%
97
39%
10.9%
*32%
'•*41
17%
/
13
:
non-cum
Kaufmann/Dept Stores—.
800
■
49%
100
4%
600
66
49
20
117
Kan' Clty P
1,200-
34
•65%
—10
& L pt ser H—-No par
Kansas' City Southern.^—No par
,>■<
5,700'
'•
28%
*327/8.
17
97
7
27%
66%,
*108%
;
65
X64
34
*
17
,.
37%
52
♦65%
66%
39
66
*32%
33%
*95
29%
38
29
•
17
66%
29%
33%
49
;*65%
30%
52
28%..
48%
30
36%
33%
28%
31%'
66
52%
*33
122%
30%
36%-
*51%
♦120%
300
x31%. Dee
$ per
65
157/a
41
■
16%
15%
16
15%
41%
40
13%
12%
12%
13'A
13
13'A
4%
52%
52
,
"
52
26%
26%
32
32
.1'.
61%
*91
j41%
64
31 *
■\
T.~ ■■;.*••;>
:• >
■
■"
•'
,V>
>•>'
i
„
-,~
17%
*152
62
T"
"108%
=V
-*1'
'■
'•
>'>'>
>
,•
v-'' *j£V
1
*V
'■!'
>
x
\
f
——
154%
49
1_
V
U-*-
-
■' '
14
41%
%
41"%
n
•
10%
10%
16%
41
1-.
:>.[.
'>
7%
'
10%
t
40%.
20 'A
A
59 >
-
39
31
'
''
54
•-*
•!
:7.
m.m*
51 %
*105'A
107
*23 Va
;•' V'
50
"
*26%
,
112'%
"48
5ov«
'
lll'A
> 111%
.
'.
ip'
;W
'<•
106
104
46
26 'A
>.
x
>.:
'
"38
> 55
55
.•
.♦
.•
•
>V-
13'A
,13%
->•.■>■ 34 Va '
\-C 11:
159
,■*157
4..' v.
'7)'7Y -7 H-'
>..x;,v> 22%V '23'V.
T~'■
>>
*
*'\"i:
*108 %
12
.
*
*118
35
14%
>
.
.
'
/:.>'■%/
■
*49
•>
a—1:
"156
50
31%
23
*112%
:>
.1
.
12
V*
-.11
11
1'
21%
^'11
■
[
21%
■'>
*53
*38%
*.'>• 1
•
.
.
-
-rl
'
••
:
'
20% July
Dec
18
151
Jan
30
*20%
20
Dec
11
Dec
27
Deo
Oct
165
Jan
4
24%
16%
»
»
35%
"34 %
"115
f>>
35
400
;
1,300
5%
v
21%
22
54'/a
"50
53 »/2
53
53
"55
39%
39%-
10,000
56
39%
33'/s
44%
45-
18%
106
41%
Wks
Alkali
—No
39%-
39%
31'A-
30%
30%
20%
30 y8
McQuay-Norris Mfg.
Mead Corp
'"•*
"44'A'.>45 •>:' >'
106 •>
138
113%
20%
50%
50%
140
114
19 As
io3v
50%.
"62
.
50'/a>
-
50
boo
500
300
:
115
10%
20
20
5,100
•
y4
64
62
24'/8
800
50'/a
>62
100
24
18,800
23%
Jan
18% Jan
6
12%
42% Dec
26
13%
Oct
16
9 1
16
22
Sep
—
Mengel Co
5%
conv
A
Mar
106 %
Mar
110%
15
19%
Jan
29%
Oct
16
Jan
21
Jun
29
55'A Dec
25
32% Dec
4
28
alt Dec
132% Dec
Dec
Jan
Apr
Sep
13 y8 Jan
2
28%
Nov
97
Apr
104%
Dec
27
Dec
8
10
Feb
13%
24
119
Dec
13
103
Sep
-50
No par
50
—No par
5
.1
i
Co--.
Brass
class B_—
—1
$7 preferred—*
——No par
Munsingwear Inc
—-No par
Murphy Co (G C)
No par
4% % preferred—
-100
Mullins Mfg Co
•
M"rrav Cnm
4%
Myers
of America—
if ti
a
^o par
Bro—
31 %
Apr
38%
Nov
Dec
«iun
37
Jan
55%
Dec
25
.«»»'
Dec
19
27
Jan
38
Aug
Dec'
Jun
29
107
Deo
;107
14% Nov 28
6
Apr
111
Jan
23
% Dec
8
27%
Jan
3
Mar
6
116%
Jan
"Aug 20
-
10
26% Dec
58% Oct
4
1*115 % Dec
11
Oct
108% Aug
114
10
Dec
Dec
Dec
10
18
124
37
4
16'/a Jan
22
49% Jun
Jan
3
52 '/a Dec
14
26
...
Nov
,
18
36
•
34% Dec
79'A Jan
2
111
10
36
2
25
116
Jun
28
28
July 26
119
113
Apr
Jun
2
11
76
Sep
,
113
106% July 26
47% Jan
Dec
10
;
24% Dec
Dec
:
44'A Jun
20
112
Sep
6%
Jan
Jan
Dec
Nov
Dec
9%; Oct
111
Jun
23% July
17%
Feb
2%
Jan
6%
8%
Dec '
Jan
18%
Dec
29
Jan
39'A
Jun
19%
Sep
25
74%
Apr
111% May
114
Nov
107 'A
Jan
41%
Apr
88%
Oct
Oct
117
Jan
119%
Sep
113
Aug
53% Nov
21
18
3
61
32% Jan 23
Dec
54
Mar 26
41
Oct
Dec *■
Dec
3
23
53% Dec
21
46
114
113
13
Dec
116% Dec
9
25% Jan
Apr
Mar
93%
1
12
16% Jun
>
Aug
19%
107
19
13% Dec
112
7
7 '/a Mar 26
39
58% May
108 % May
-
1
28% July
144%
Oct
36 %
105
Mar 13
Deo
8% July
Apr
12%
75
Mar 26
-
;
Oct
46
10
16
May
Sep
Dec
63
13
108
23%
3
36
160
,
Mar 24
42 "A
ay*
24
53
109
Oct
9
56
Jan
Sep
1"%
3
Dec
12
35%
Jan
42
Oct
44% Jun
21
21%
Jan
35%
Dec
33% Dec
4
15%
Jan
24%
Jun
32% Oct
9>
16%
Jan
25'A
23% Mar 27
Dec
31% Jan
6
47% Dec
26% Apr
33%
Dec
9% Jan
6
18% Dec
11
10 Va
Oct
97 % Mar 27
109'A Nov
28
72
Jan
Aug
21% Jan
20'.
10
4%
Jan
>Jan
8
43
Dec
11,
20
x82%Feb
15
140
Dec
27
70
May
109% Jun
21;
115
110
Nov
22
13
.
Jan
Jan
4
11
Dec
100
Oct
24 Va July
84
116%
Nov
Feb
11
8%
Jan
14% Aug
66'A Nov 26
43%
Jan
63%
10
3
11%
Apr
17% July
Nov
28
Jan
41%
Dec
37% Dec
6
13%
Jan
20 %
Dec
Dec
19%
Dec
52
48'A Nov 24
53
Jan
21% Dec
5
—
——50
preferred
6
21
Dec
87'A Nov 21
34'A Aug 21
Certificates of deposit-
Mueller
94
45 Va May
*
preferred seTles C——No par
—
Jan
.Jan
-137
10
Montgomery Ward ft Co——No par
Moore-McCormack Lines Inc_No par
Corp.—
100
70
3
35
preferred ser A
-No par
Preferred series B——»—No par
Wheel
13
Jan
8
47% Dec
29% Nov
25% Aug 21
$4.50
Motor
Jan
82
10
par
preferred series A—
100
Mohawk Carpet Mills-—«—
20
Mojud Hosiery Co Inc2.50
Monarch Mach ToolNo par
Motor Products Corp
8
15
106% May 16
7%
—
11
108% Oct
2
Essex——
10
Dec
25
33'/a Mar
7'A Jan
Oct
Dec
19% July
30'A Dec
54% Jan
37
16% Aug
111
109% Oct
>
3
22
&
Mar
47
21% May
5% Jan
Morris
Deo
55% July
6
14% Mar 10
-1
pfd——
ft. Co--
Oct
22
112 Va
4
3
5
Id
(John)
33%
Feb
15
22% Jan
cum
Apr
14
70'A Dec
109% Jan
$4
27
8
5
41% Dec
3
5
Chemical Co—
Feb
13
Dec
109'A Nov
2
6>
Jan
Jan
Apr
~109%
Nov
5
25
12
94
^._3
100
100
100
Dec
36
12% Mar 27
35
1st
July
43"
98% Jan
1
50
44
28
17'/a Jan
Mission
Monsanto
11% July
32 %
6
preferred——.—No par
$6.50
4% Mar
26
15
Sep
Corp
—-———-—10
Mo-Kan-Texas RRNo par
•
Nov
114
109% Jan
par
preferred series D—
Impl—
Dec
176%
Aug 14
52
.
u-1
Moline Power
Minn
24 %
Mar
13
16% Dec
Sep
Jun
29
Oct
19% Jan
CO.—
—No par.
C:
Dec
12
51% May
55
Aug 13
30'A Jan 25
100
10
Minn-Honeywell Regulator •-_
4% conv pfd series B—
109% Nov
110
>
preferred——100
Minneapolis, & St'Louis Ry—No par..
Minn St P & SS M A vtc__1 No par
eum
Dec
25%
4
aa
Steel Products-——No
20
27
19% Jan
Metropolitan Edison 3.90% pfd—100
Midland
8% Jun
21
May
19% May
170
Dec
27'A Jan
.
1
Miami Copper———
Mid-Continent Petroleum—;
Oct
Aug
4
15
110
-100
Machine Co———
Mesta
Deo
16
24%
8% Jan
par
(The)
1st preferred
11
53
Apr
25 % May
May 17
195
19
Jan
37 %
10
15
33% Dec
Jan
4%
Nov
63'A Dec
48
12
Sep
16 %
6
24% Jun 20
4
Apr
Dec
10'A
x*
"p.—
46% Dec
Mar 26
Jan
Jun
391
40% Jan
par
ft Mln Trans Co——No
Merch
111
19
34'/a July 17
•
—1
Melville Shoe Corp
2,200
20
150-,,
"114
,'-x
,
.
38%
"142
>
115
;
.
108
-,-38%
•
•'
6Vs
104%
preferred series A.—No par1
$5.50 pfd ser B w w—
No par
800
18%
"106'
39%
140
113%
44%,: 45
"18
106
39
138
.-
18
18
5
176 '/a Jan
$5
$2.50
-900
.
11% Dec
Dec
108%
Apr
Feb
Feb
Jan
22'A Aug 21
par
—
10%
-
2%
24
180
30'/a
-
■
32% Dec
8
——;—
preferred
67/s
4
15%Nov 30
26
40
_No par
No par
Jan
315
7% Dec
104
5%
17
39% Dec
18
Morrell
.1,390
>
Dec
Oct
525
2
27% Jan
—5
—-
preferred w W—
conv
100
-
•
Oct
22%
22
9% Mar 26
.100
—
Ccrp
700
r-.
31
"30 Va
20
64
2,800
>
19
Jun
7
10
20
preferred —————No par
McLellan Stores Co
-——»—-1
:>. > "66
22 >A
54%
21%
;
Jan
14%
21% Jan
-
54
14
Nov
Jan
109
$4
117
"113'/a
Jun
26% Dec
18'A Jan
—1
McKesson St Robbins Inc
20
7 3'A
31
"62
>
'
•
116
-
1,000
r
109%
115
63'/a
300
116%
114%
;
19,800
30% "X 30 %
v-
36,800
>•■49'/a;
"49
:
100
2,100
>
> 47%
46
;
>..
.> >•••-
35%
104
34
15'/a Apr
——No par
preferred
4%
4,300
X
X26% Aug
3
7% Mar
Dec
38% May
27
-
■*
Deo
Nov
48
.
23
3% Jan
par
—No
Jan
18%
24
.
—1
Co—
L)
Feb
34 Vs
Dec
52
17
Jan
30
148
Apr
25%
135
May 29
110'A Nov
7
7% May
14
100
—
Rights
,•
112
>
2
Jun
425
.—No par
4Y\% preferred series
72%
31
40%
50'A
5
Oct
N
/
"49
23%
49
24 Vs
49%
49
49
*48%
33%
35
34%
35
34%
3 4'/a,
33 y8
23%
23%
23
49%
"33%
33'/a
37%
39'A
17
17
17 '/4
1/ '/a
17%
27%
27%
27%
-27%
32 %
32%
32%
3 3'A
39% " 41%
•
"26'/a
17%
For
195
28
27%
18%.
18%
footnotes
X33
49%
•
>
130
800
34%
34
9,900
Nash-Kelvinator
Cihntt
Vochvihe
National
Acme
B
Corp__
Louis—. .ion
1
Co
+■ St.
National Airlines
%
rtuiomocive
—
f'iDreo inc.——.
1174
i
26 %
28
26'A
26%
3,000
National
Aviation
32'A
32%
31%
32%
5,900
National
Biscuit Co-
r,%
x 1
see
page
3211.
195
28
19
"192
27%
18'A
197
28'A
18%
"190
"27
18%
195
28'A
18%
100
3,100
5,500
7 %
Nat
Corp—
preferred—
Bond
&
Share
1
.-10
15 % Jan
20
3*3/« Jan
20'/a Jan
2
.
56
41% Dec
13% Jan
23
24
20% Jan
2
Jan
13% July
9%
Jan
15%
Dec
24%
Dec
20% May
Mar
181
Feb
21
Dec
Jan
17 Va
Apr
195
,
Dec
26
165
30
23
13% Jan
9
3
x34% Dec 10
15
._10
7
32% Dec
% Mar 26
.100
26
18
19 y8 Nov
16'A Mar 27
yy2 Mar 26
No par
;—
25% Dec
23
181% Oct
—-*—
Corp
National Can Corp—
1
.—5
"
195
"190
»
•
66'A Nov 20
3
10a
prior pfd
MeCrory Stores Corp——
110'/a
.
109%
135
"62
1,400
74%
19%
"49 '/a
-4,300
> 53
v
109%
"112%
135
500
115.
22%
106
41%
10
72 %
17%
108
"40'%
>:
"108%
54%
V
800
.
"113%
75
30%
>'•
3,400
> 6,300
35%
,
0 ••yUu
13»A
"119:, 123 ;i\
114%,
116
"115
100
33%
,
109'A
31
!
1-
Dec
Apr
Nov
39
—I
Elec Co
McCall
60
114%-
39
'••"'11
>114%
116
5,100
V
v
'15%
>7
31
"34%
;
21%
17%
"105%
35
114%
"53
-44
17'
.
49 J/2
31
54%
;V
"49
.v
39%
31
30%
-44
"
;
73
39(4
,
31
50
32
10.4'A
7 H'
'•
39'A
30
;•
'
55
*38%
47%
"113%
'1—
11
Dec
44
17%
.
Dec
Mar 28
par
—5
preferred
No
$6 1st cum preferred—. —No
210
,
800
■'712%' "12%
46
•<
»
330
7110%,
12%
>'
>
1,200
1,700
'
■-
"110
•.{.
Vh
114%
r'l
7
54'A
1101/2 >
16
35
•:.irl
Y'.'xaII!
:'V '.1-
53
"113
36
"120
300
'
•
x,55'A
1
,
~,--7
126
.
x
10
159
r
15%
47'/a
39
=
7-. > v"157
.
53%
.
12%
r
-
33%
-
-
35%
31%
■
*53
Deo
16%
Jan
8%
29
155
Feb
-50
$3
40
109 %
.-^55
"110%
x,
116
73
%
7
-
X69%
x23."A; •>>24'% ■ > 22 Va
'
53
1,000
7 '•»58
159
"
> 200
:
82r-
>78y8
•;
35%
50
'v 1
>••"'' '-^1
109'A
72 »A
53
Jan
28
6
Oct
74
3
17
,
McGraw-Hill Pub Co-———No par
Mclntyre Porcupine Mines—
3
47%
571A" '.'.'>'';?f "57.
>108%
123
46 '/8
11
^1-1
»
Feb
1
.
16%
,_10
Maytag Co
2,600
-
25% .\26%-
i
14% -15%
35%
•..' y
11
117
*108
>
..
12%
123
H
116
*113%
•>^u.
Jun
8
22
1,300
> 600
104 V*
x>!,"38%.
<34%
.v'H3
112,
"110V4
-1
--11
>.
.'•'"V 22
;:23%
53
^1
•
V
■
14%
-40%
11
68
24
McGraw Elec Co—-*—
106-
; 1.3,.12%
'
J-'AV67.%
7
:
,38%
,;
57%
159
"108% 130%
115
*115
•
,—
May Department Stores
> $3.75 preferred- —
L'210
68 '/a
> 47
>;t
26%
33%
..
"
' 11'
v
34%
—
v
13%
>
68'/a
ij: 67%
u
159
>;
31%
34%
»
•
52
.11
.
Dec
Nov
,
31'A Jan
1,200
119
104 >A
X
^55'jr-tjyf) f/2 'jf
1M% 108%.
-•
56%:
"US
l—
34,800
;39%
"104%
XX
'79
"38
,
,
-CI
S711
14%
25%
>
133's' , 13'%:
34%
56 Va
'' 11
,
45%
600
•7 x 27% 727%
> A->22%: x 22%
46%
-
.
.79
b~ 1
11
li
(Glenn
Mathieson
10
107
"116'/a
.
„
104 >A.
46
26%
34%
'•
.
A'-"
54%
> 108 •" 108
''
44'/a
46
H
_•„»
'l-*-
-'
123
35
-
H
112
11%
•
110%
"lio'A
:.
>
>'.A
\'Cp~4\
Y.V
V—
x
preferred
Master
300
:
:..23 Va "23%
,.•
27%
.
103
77m
'
' 52 'A
52'A
*113
.
.i_x
11
".#C
27%
104
26%
-.'li
71*1 * -7.7, 77L'
>>>:•'.: *68 % ' 69%
-
3,900
32%
68Va
22%
Oil. wl
.*
■
,
30 V*
23%
189
...
106% Jan
No par
—
Martin-Parry Corp
Masonite, Corp——
5,300
32'A
V*
Martin
10
X
39
(
>."105%
105%
11;
•!>
24
105'/a
80
—
.
19% Jan
*
4
f ;3,500
29%
",>A' 39'A
■
116%. 116%
,
3SV*
;J.
'
24
>; »
78 %
--
.
9
•
7%
53 'A
39
-
v
.
39
105%
>.'22%
';.\iw 11-
34%57 •"
57
>
119%
38%
v
7
r
69
.
105
li
*
*
>68
24%'
104
—
x
6
Nov
16
—
1,400
,33
>3
123%' 126%,
>,>
:*•:, "38'A
39%
107
./ '' *•->•.11
v.
32%
23
1-
77
108
,
%
.
32'/a
;
.
39%
106
**""*«.
38%
*107%
„
\ 28
46
84
125
22%
'
26 %
>
800
5. •'
112'/a
28 l/a
x
r •
39%
"105>/a
1''-:; li*
*81
69
v
28
104
'
■
34
24%
•k-;
*45
:
22% May
Jan
47% Jan
.
•
-
X
40%
38%'
.***•"*
*
'123%
126
A
"116'/a
■■■-—
•
4
100
———No
Bros
*
50%■
'
"52
53
29%
.
.11-
Til l.'.Vj^1"'
*105%
r.
16%
"lll'A
%
28%
69
i-
-V. '11
:v»
•••
■
Nov
17%
Dec
2
Mar 27
per
No
Garden
Marshall Field & Co
5,500
4,200
-1,700
110
"49%
52 "A
"105J/a
21%
Dec*
28% Jan
—No par
Inc
Market St Ry 6%
-v780
30%
16
29%
33%
',.k
.
•'
-I' -V
27 Va
21%
,.'•
-
> 52 %
J: "109
16%
7
54
40
V
!»•'-
*,Vv
117
:
193
52
53
109%
16
>108%
16%
124
-
1-
>
24%
117
.15,900
[
38 »A
*
"191
29%
.i
*"'
'
*7
'
Ded
44
31
Jan
147
Maracaibo Otl Exploration^——
-.5
Marine Midland Corp-
1%
58%
30%'
•;
53%
"
%
69
39
V
20 '/a
,.
38%
>.
193
52
.•>
109
48
«*1'
-
'»;i!,[
34
"68
*38%
>
'7
./•' V> -JU-..
•>
52
Jan
x32y» Nov 29
13 V* Aug 21
100
Manhattan Shirt
j •>■ 7,200
0
40 Va
33%
>
;; *600
{
.
40'A
19
58%
31%
"191
15%
•lll'A
p—^
Dec
Apr
37
.
-
23% Jan
_15
Forbe«_—
ft
preferred
Mandel
1,100
111%
39%
;
59
*
38%
31%
109
1-
■»<-
Jun
32%
36
32% Dec
2
Copper
Mahoning Coal RR Co_
Manati' Sugar Co—
,r? 14,300
167/8
"108'/a
.,
20%
193
50
!«■»:
,
p.-
28%
40 y4
.."<•'
18% Jan
Magma
.
112%
124
j
;10%
16 Va
<
'
.'rl
50
123'A
- 100
> ; 2,600
x>
40'/a >41%
42
39
31
;
v *'
Feb
11
37 Ye Dec
6
52
Jun
Nov
182
14
42
*
20
Steel' Co———-—1—10
Mack Trucks
>-•■*4,206
7%
>
C
:>
15% Jan
40% Feb
166
26%
-
-66%-Oct
31
25
—50
Jan
86%
Jan
-
Dec
40
25 y» Aug 10
50
-Jan 28
—100
67%
83 y4
36% Dec
-
-No pat
Nashville—.
Jan
84% Dec
•60
2
19% Jan
1
--.i—
tP) Co
7% preferred
Madison Square
38 Va
A\
■
"108%. 111%.
58 %
?
"191
16
:
-
10
Biscuit
Macy (R H) Co Inc
4%% pfd, series A——
:>
14'A
42%
21%
39
»•„!.
■.';ll
r;.;
r
49%
29 V* Jan
Corp—-No pat
2,100
;
25-i.
•;-;>
7%
42'A
•
57'A
1.1'
2m'
109%
28 %
!■
••
38%
16%
.
111%"
"108%
20%
*
49%
"52%
10
<-
MacAndrews
550
i
24%
.
38
7'A
17
'
1
"103%
lll'A
<-477'
>• 14»/8
14%'
24%
: 37%.
.
42%
V>^V
•*,
'
"48'A
Ine
Louisville &
"
14
10%
10%
41
.>
x'*; ■+'•* V"
31
*
Dec
Louisville Gas ft El A—jNo par
30'/a
J
-
39
15%
50
Mar 28
22
7,500
24%, 7 24%
-
24%
>
7%
16%
193
.
32
19%: Jan
>300
;
109 Va
•."29%
;»24%
39'A
'
,
11
8% July
Apr
174%
15
22
etar Cement
6%
68%
3
25
Lukens
51 '/a
"108%
109'/a
"-475 x> 550
I!"
:
20%
57 %
Oct
41% Jan
t
21
100
Dec
Lorillard
170
10
33 Vz Dec
-
198
'
111
21
47% Jan
6%
-'65'/a
.
'
51
■
25 y4
24%
w'.
IT.
7*
•
>
31
::
J
30%
550
7 %
16%
39
52
"
63
63 l/a "
"29
Any*
x
38%
11/
J***-'
'
13'A Dec
2
Dec
No par
2,900
:
;
A 40
A " 152 "• 154 %
154%
"108'/a
,
'
24
V
•-
,^(
"191
"38
A
-
50 >A
25'A
"475
11
•
■
,
-
10%
57
'
17%
53% Aug
13
101% Oct
-
Long Bell Lumber A—
-1,700
'•
Jan
No par
Loose-Wiles
100
-
Dec
42
Nov
68
5
I
'•-.
'
Jun
19%
2
No par
■•>;■
•':
64%
21%
Deo
3
Lone
'2,100
190
>A
17%
62%
A
...
30 %
v
v*.
'
,
39
Y
"152
' v 62%
24%
41
"
39
109%
**•
y
—
16%
20'A
38
109%
"-*1
-
39%
.40%
64
•18'/»
17%
"28%
'-1'
.
•
.•''V' 'J L;"
.
7'A
"108%
18%
62
11 '•
.*>
.
38
10 Vs
"
"152
14%
6%
•;
:
•
Jan
17%
M
1
.•
24
38
66
64%
•,•'
;>*28>V*29 Ye
i29 A';.:'
2»:
18%
35'A Dec
Jan
Lockheed Aircraft Corp—
I-,900
v
27'A Nov
Refining Go
——No par
Liquid Carbonic CorpNo par
,;1A00
30%
30
"189
188
«V r> 188 '.o
•'
A
30
3
22
Jan
Loews
'
Dec
78
•
.
525
"73
"
29'% ,*30
...
72 -A 72%
V
Deo
38%
181
9,900
63
Dec
39 V*
Jan
Jan
Lfon Oil
'6,100
.';•>'
34-y»
A
.
Jan
Feb
2%
15%
29%
;•
'
Y..
63
31 %
72%
X
29%
47
25
,
33 y2
iy%
Oct
Dec
5'A Gee
7% Jan
33
1,800
40%
40'
Dec
78
•
'
-
8 Vs
25
Link Belt Co
'700
'
Jan
No par
Lima Locomotive Wks
'600
ir.-
4JA
54% Dec
51% Jan 24
2»
-
Lily Tulip Cup Corp-,;
ioo
Dec
18
100
Series B
-;>'=>.: k
7-
t'
,
i-
30'A
14
-
30
■
66 s
37%
109%
"23'A
»
65%
46%
•
>. 65
29%
■
•
1
>*;
>■'"■>.'45%
v
64
29%
18
154 7/a
>24%
>?""475 >'
•'
41%
.
A: 33% "34%
73;;
.
*28
x-
r
40%
•
i
188 :t~'1 188
'
"29
t
31
>
29%
17%-
62
42
34%
.64 %'
.
>>
36'A
36 vV
.
17'A Jan
5
Preferred
1,000
33'/a
;
36%*
Liggett ft Myers To Da ceo
V
50
w
1
-
■"'-. 37%
XX
•
73
■(
"37
-
.
Life Savers Corp new_.
1,900
31%
60
22
20% Jan
Libby McNeill & LJbby„
100
58'/a
,
34 >
X> 36%
31
65%
-
33%
37%
63%
—
29%
V 65%
33%
34
j "• ;•••'. 29% 29%
:if.»187;>,r..'l91',">
l\
58
>33%
-
.
72
>28%
58%
58
41%
21
31
*70%
•77 'A
36%
-
V -p.:
34
63%
■
49%
"76%
59
i
41%
33%
•
"47 %
76
l
5
Corp
NO par
T
1
i
-.77'A >..
''
'
1
(The)
Corp
400
;
Apr
2 Va Mar 26
Libbey Owens Ford Glass
'•
:
*47% >49% >■
47%
—
;
91
21
m'aJun
36% Jan 23
9,600
197%
10
30
'
'
197 %
,,
Dec
6% Jan
No par
'
12%
44
(new)
■
49 V*
Jan
24
6,700
92Va
Apr
8
29 Va Jan
Lerner Stores
c
33
"■
"90%
197%
Corp
Lehn & Pink Prod
Dec
38
11
4
2,300
12%
•
•
'"'91
93
> 197%
33%
.
33
92
91
78
12'A
'
34
•91%
"
58
12%
12'%
"33'.
93
78
;<I
(■'
•
l-
V
33%
38.
*37%
63
'
57'A
33 %
.
61%
197%
"47%
'•
V
77%
57'A
61%
*:
92%
49%
*76
;
61%
!
share
22
22
Jan
35% Jan
per
per share
share
Oct
Jan
12
60
Hlgnest
Lowest
17% Dec
72
47
No pat
preferred
conv
Lehman
700
26%
33
34
"196
198
26%
33
"92
92
'-v
93
0195%
'■*">47
,
I
93
93
27
34
12%
•
67e
1,800
-1,600
54
26'%
33%
'62%
■>33 "
24%
53
53%
X53
v
51
Valley Coa%
Lehigh
10,300
4%
i
50%
•
34
12%
12
*32%
52%
26%
.
61V4
'61%
n%.
:
Lehigh Portland Cement
Lehigh Valley RR_i.
8,400
t per
share
10
25
Lehigh Coal & Navigation Co.
12%
4%
4 la
•
52
53%
52%
26%
32
•>'.
<>
4%
4'/#'
52%
4%
'
'
per
50
8,800
40
S
3
& Tire
1,000
16
41 'A
Rubber
Lee
Year 1944
Range Since January 1
Lowest
Highest
STOCK
Par
900
69
41%
52
4%
67" '
1
16
52
•:
66
41'A
41
13
65%
65%
%'
YORK
EXCHANGE
Shares
I per share
share
66
t per share
I per share
16
..
.
V per
NEW
the Week
D-ec. 28
Dec. 27
Dec. 26
Dec. 25
share
t per
share
64
-
Sales for
Friday
Thursday
Tuesday
Dec. 24
Dec. 22
Range for Frevl>'»«
STOCKS
AND HIGH SALE PRICES
Wednesday
LOW
Monday
Saturday
3207
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4451
[Volume 162
Dec
14
18
20 '/a Dec
3
8%
Tec
3208
S
•
.THE COMMERCIAL & FINANCIAL CHRONICLE
NEW
YORK STOCK
RECORD
STOCKS
LOW AND HIGH BALK PRICES
Saturday
Monday
Dec. 22
t
share
per
Tuesday
Dec. 24
t
per
share
I
per
Thnrsday
Wednesday
t
share
t
share
per
38 3/4
39
38%
38%
30
30 Vi
29%
31
Dec. 28
29
38%
NEW
the Week
% per share
per share
x37'/a
Sales for
Friday
Dec. 27
Dec. 2«
Dec. 25
YORK
Range for Previous
STOCK
Range Since January 1
EXCHANGE
Lowest
Shares
Par
37%
37 %
2,800
Nat
' 29%
29
29
1,200
National Container
Cash
1
Register
18
18
18%
18
18 y8
18
18
1,400
National Cylinder G»s Co
35 '/a
34%
34%
34%
343/4
34%
34%
8,600
Nat
38
38 '/a
39
40%
39 %
40%
40
40
3,800
National Dept Stores
*ll3/4
12 y8
*113/4
12%
*11%
68'A
69%
68%
71%
69%
50%
*49%
51%
24%
24%
253/8
12 y8
,
68
*49 Va
23%
105
105
34%
35
198
165
165
*24
198
165
33%
,
34%
199%
165
165'A
33%
3,500
,
57%
National
201
165%
165%
24
24
24
24%
24%
32%
31%
31%
30%
31
55 Va
51%
53
■■
V. 53
57
Lead
Linen
Mall
}0%
10%
103/s
10%
10%
103/4
10%
10%■
813/4
82%
823/4
823/4
82 3/4
82%
82%
1,700.
National
Steel
33%
33%
34
343/8
34%
35 'A
34%
34%
1,200
National
21%
21%
22
21
30
30
22%
21%
'4
21%
30%
2,400
105%
280
National
19% Dec
3
xll%
Feb
14%
2
38
29%
293/4
30%
105%
106%
107 Yi
*1053/4
27
27
273/4.
28'%
106%
283A
283/4
12%
12%
12%
13%
12%
27%
27%
*55
9
19%
Jan
25%
Dec
27
13%
Jan
24%
Dec
11% May
5
35% Jan 22
12% Mar
14
11%
Jan
12
75
**115
*109
124
124
*115
,
111%
*110%
45
45
33%
33%
34
34%
24%
24
24%
*23%
*111
111
55%
56%
343/4
108
52
i-—
52%
127
25%
129
56%
;
3
19
Jan
199 '/2 Dec
27
164
Feb
19h
152
Sep
28
167
Nov
14
141
Jan
159
16 Va Jan
4
25
Nov
28
16
Dec
22% July
35
Dec
6
17%
Apr
23
59
Dec
20
28 Va
Apr
34
14% Nov.,29
85% Nov 16
5%
Feb
57%
Feb
21
par
,4
33
.,
Pa
Jan
7% Jan
65
No par
(The;
Jan
Apr
22% Aug
15
10
36
Jan
*325
365
*325
365
*325
365
*108%
109%
*108%
109%
*108%
109%
19%
19%
112
/
112'/a
36%
54%
•37%
113%
55%
112%
19%
Air
York
113%
14%
-14%
*55%
57%
19
:
57
55
54
*53%
56
'
20
Jan
23
50 y8 Aug
Jan
23%
Dec
15
19%
Jan
35%
Dec
16
62
Jan
148
Jun
17
Jan
2
29
Nov
41
Mar 26
65
162
Mar 26
Y
Power & Light
N
Y
Sl.lpbldg Corp part stk
Noblitt-Sparks
Norfolk
•
3.90%
pfd—100
,'37% Jan
pfd—
non-cum
42,300
North American Aviation
Jan
29%
3
11%
Jan
18% July
Nov
8
30 Va
Jan
410
Oct
19
Dec
15
-
24'% Mar 14
14'A
•
190
•111 — 113
;
Sep
33%
Jan
8
193%
Jan
218
Dec
118
Aug
17
126% Nov
7
116 '/a
Jun
122%
Dec
19%
Dec
19% Jan*
53% Jan
16
59
1
9% Jan
20
15% Dec
7
50
105'A Jan
9
Dec
11
100
17% Jan
31
38'% Dec
4
Northern States Pow $5 pfd-No
par
30
Northwest
par
30
114%
53%
53%
53%,
53s/8
2
31 y8 Dec
3
15%
•
112
Jan
51%
-
July 31
.
Jun
54%
7%
Jun
11%
•
,
>
Dec
Oct
106
100
:Jan
xl3'A Jan
Dec
22 y*
Dec
Northwestern
Airlines
No
110
July 6
26% Mar 27
*
Apr
Dec
Jan
115%
17%
Jan
31%
37 y*
Feb
50'/a
4»A
Jan
/ *7
40'/*
116'% Mar
-
Jan
53
112
•
63% Dec
"
Telegraph
Norwalk Tire & Rubber
—
15
*55%
57%
19
Dec
47%
17
-
*118
54
*14%
19%
19
-
23 y*
Jan
50% Oct
258% Nov
V-
14%
800
14%
*55
No par
Preferred
57%
46
50
*.
50
50
.
•
2
.
Mar 17
57
> Nov
15
11
'Apr
6% Jan
Dec
'
•
;
57'% Nov
-
;
Jun
2
20
10
Northern Central Ry Co
Northern Pacific Ry__
Dec
198 Va
Jan
129
Dec
44%
*
Jan
50
preferred series—
Dec
24 Va
219
■,
100
North American Co
12,000
118
;
110
21
14% Aug 21
1
Industries—-,
3
Ry_„
100
13%
6% %
102% Sep
Western
&
Adjust 4%
55
32,700
56
Apr
par
Dock—.
Dec
Jan
35%
"15%
No
York
109
97
3
26
39% Nov 29
610
35%
26
2
300
35 y8
Dec
Dec
75'A Jun
22
,
10
15
-
Dec
58% Oct
28% Jan
N
llO'/a
57%
15
*55%
——
19
OCt
35% Dec
$5 non-cum preferred
—No par
N Y & Harlem RR Co___
__R0
;
xll0%
114%
32
103% Jan
111
22
Mar 22
No par
New
29%
21% Jan
100
2,300
%
45
par
100
19%
13%
9
par
preferred series A
N Y City Omnibus Corp.
124
29
Jan
No
No
Y Chic & St. Louis Co
49'%
*54%
,
Brake
6%
N
1,900
37%
*53'A
——
54
Dec
r )V
""
109
i_No par
s
Central
"
*53
4
32
10
$5 conv pieferred
York
112%
35
1133/4
1133%
—-L
*111%
104
31
Oct
105 % Jan
pfd_100
4fl»
Mining Corp
245'%
*47%
55
38 'A
37%
*112%
*111%
110
;i06
100
Jersey Pr & Lt Co
New
109%
V
14%
8
New
325
30
13%
Nov
2,300
36%
*123
29%
109
89,500
108 y2
124
*111'/*
100
58
325
*
49%
*54%
68
34%
62
143/8
Jan
Dec
*59
55
56
18%
62
29%
12
Jan
*59
13%
Dec
13
30
54 3/4
130
4
*26
28
4
27% Dec
*123
*
Jan
par
x16'/8 Aug 14
124
—
66
No
1
*123
—
105%
Newport News Ship & Dry Dock
243
13%
32»/2
Jan
2,700
246
55
Jan
96%
*25%
*48
13%
22
12
July
244
*54%
8
108'% Mar
22
48
.
61% Dec
6
35
247
—
22
Pi b
106
48
-
18% July
Jan
*'
Jan
103
Apr
244
28
28% Dec
,30
Apr
48
124
15% Mar 26
i
1
Deo
247
27%
No par
serial preferred—100
conv
ley*
*47
*123
"13%
11% July
27%
35%
20
17
No7
11%
Jan
Mar
6
30 Ve
19%
5%
9
3
*27
20%
10
15
28
246
<
29% Dec
14'% Nov
Nov
61
20
Ji'lv
30% Mar
38 % Dec
32%
;
3
Feb
11%
24% Nov
26
47% Dec
1,100
*59
4
Maf 16
107% Dec
3
10% Jan
,
33'%
30
10% Jan
pat
x7%
11
24'% Dec
_
102% Nov
10
No
Deo
Jul /
Aug 20
18% Jan 25
1,700
60
Co__
Co
Jun
7%
70
*
26% July 26
100
Dec
Jun
1
5 l'/a
*55
-40
.
■—
Dec
Dec
Newmont
127 V*
*27
Jun
37% Dec
19
25
Newoerry Co <.J J)
3%% preferred
New
50%
30
Dec
2p/2
2
Sep
Newport Industries
34 Va
35%
35%
Dec
14% July
104%
Jan
2,000
126%
*25%
36%
87%
3,000
52
35%
20
34%
128
125%
*35
353/4
200
111%
*56
35%
51
129
4% %
44%
*11050
553/4
34
52%
52%
127
1
112
*11082
56%
,353/8
Jun
37% May
v37
34%
44%
45% o:
34% V
24%
111
55
35
1
Feb
25%
33%
'
Jan
9
Jan
Neisner Bros Inc
200
125
*noy2
Feb
26
24
-
Nehl Corp
3,300
58
107%
125
111%
44
-
27%
.
Tea
30 Va
10
1
*109
'
112
33%
y
453/4
Natomas
*106y8
124
*110%
1U%
45
National
2,000
*56
...
*109
*108
—•*».'
1,500
13
26%
,27%
107%
58
107'%
^"106%
125
*108
27 Va
56
56
107%
28 V*
7
2
26'% Dec
Mar
177
No par
preferred
13
Nov
54% Nov
.
xl01% Aug 17
par
1
preferred
conv
28
13
*io6y8
27%
27%
57
*106'/8
$2
4%%
Dec
Nov
*
293/4
1053^,
Dec
40% Dec
4
Corp
Supply
4
Jan
2
No
National Power St Lt
7,400
29%
105%
23% Aug
20% July 17
«
par
Corp.
Sugar Ref Co
21%
;
Sep
Jan
National Oil Products Co_
1,800
*10
iO
Co
Cast
813/4
39,200
34
7
100
Service
St'l
ac
Apr
32% Dec
Jan
preferred B
wat
share
per
100
6%
National
600
.
Highest
share
per
9
13
;
share
'26
37
preferred A
600
;.
Co_
per
3
1
No
Year 1944
41 '/8 Nov
No par
preferred
conv
1%
250
24
32%
56%
57%
$4.50
30
24%
& Stamping
Gypsum Co
National
S
Lowest
6
24'/2 Jan
10
—No
Nat Enam
700
34%
*199
preferred-.
8,000
,130
13
No par
No par
Distillers Products
Nat
20,200
25
108
313/i
.
31%
6%
49'A
24%
*106
165 'A
198
,
25%
108
199%
34%
34%
198
49 Vu
49%
24'%
106
105
f
49%
*106
12%,
71%
share
12% Mar
1
l.
Dairy Products
per
Highest
31% Apr
1
343/4
673/4
$
No par
18
e113/4
Monday, December 31, 1945
19 Va
18%
19. V
Norwich Pharmacal Co
.1,100
2.BO
12% Jan
v-
3
<
-
21% Dec
12'/* May
18
-
Dec
-
July
•
-Jan
Oct
O
22%"
22%
.
...
.
32% "'•33'%
•117%
*165
.
170
*28
32
32
35
35%
*168
172
X31
_•:
173
unto
oil Co.
'
Oliver Gorp. ————No
4,400
'
119
y8
;
•
.
16%
*116
116%
32
36 y8
*168
30
4.40%
pfd--—loo
,107% Jan 12
,
.No put
Oct
2
23% Dec
34% Dec
11
112
*
*168
40
1,400
Oppenheira Collins
35
4,200
Otis Elevator
,
,(Lv
:
173.— :
6%
>T6 Ve Aug,20
24% Jane 24
preferred^
•
10
104%
Now
-15%
109
Sep
.
1
w
77%
•ley*
19%
*18,
19%
7
—'—
29
95
*93
95.,
95
76'/a
78
X76
>77%.
"■•V76%
18
'
—
29
94
'
94
77'A
; Jan
Xll8% Dec
4
105
10
13
*
36% Dec
•
•168
-
Dec
Oct
11%. July
Apr
89'% Aug
108
*37
■
14%
Apr
24ya Aug
147
May
-64
Jan
-55 y*
Feb
8%
4
•
17
38
42%
42
-5
*58
18%
•
t
,
,
*77
-
%
>
72
.;
*27%
28
*28%
30
76%
Outboard Marine & Mfg:
Co_
/100
.
'
M
95
-
146
*32%
,
£•
.
Owens-Illinois Glut
'
2.50
Outlet
30
1,900
••
«
38
\
-84
r37
42%"'
58%
.
x42
'•
- :
J
>
•
*70%
%
10%'
10%
173
-
8%
•V-
>
;
25%
-
72
;;•
*36
22% Jan. 30
pur':
^
74
12.50;
-.
58 r* Jan-
—No
Co-
'
'
•
'■>:
:
,
-
'
58%
32%.
"
70
70%
*146%
147'A
173
*171
>
32
32%
"
9
8%
>
/
;.
*106
'
—
'
32% Nov
Jan'30
5
Dec
26
95
•
79% Dec-
-
2
31%,;.
v
ny8
11%.
11
26%
25'%
25%
18%
18%
18%
18%
•
ii%./-
25%
18%
37%
38%
38%
.
38%
•108»/2
noy2
*108%
110%
14 Va
13%
14%
76
108 3A
53 Va
66%
*106
53%
66%
4%
76
108%
38
*106
13%
76
*74
.
68
*106
54%
y2
4%
5.
55%'
54
69
4%
5
4%
;
•
36%
37%
36%
37%
36%
36%
28%
29
29
29%
29%
29%
29%
16%
16%
16%
1638
16
17
16%
17
21%
21%
21%
21%
31%
21%
*65
67
65
65
65
65
148
149
149
149
20%
*66
—
■
68
148
148
„
45%
45
14
14'A
28
31
*30
45%
31
1fc
13%
—
29%
*30
*110
23%
43
*42
*91
91%
*37%
39
34%
36
26%
•115
*90%
26%
107
11%
34%
37
7
75ya:Dec
64
/
27%
26%
*90%
36%
27%
27
27%
89%
90
40
40%
41
41%
107
*104%
108
*104%
14%
34%
35%
34%
:
?8
-69%
•
*112
•119
1,100
Co
Pfizer
Co
Inc
Corp
>
69'/a-
71%
I
460
28
28 %
C.000
28%
27%
28 Va
1,000
43
page
3211.
44
*120
18%
44
125
113'A .113%
120
•
120
18%
18 Va
18%
447/a
43%
44-
40
120
.
7,000
4,300
Philadelphia Co 6%
$6
preferred
Electric
Phila
$1
preferred
No
Co.
preference
4.4%
Phila
enllco
&
preferron
Read
Corp
No
com
Coal
Apr
59%
49% Dec
17% Jun
23
_
&
•
Iron
—
Dec
Dec
Nov
Dec
13%
Apr
24%
9'/a
Jan
17% July
26
30'% Dec
113
6
Apr
18
24% Dec
20
..
Mar"
16
18%
112
110'A Mar
Dec
Jan
11
46'% nov
25% Mar
33%
Nov
5
Dec
12
21%
Jan
32
30
55
16
38% Nov
July 27
19% Jan
92% Jan
Jan
9% Jan
70'A
Dec
Jan
173/4
Dec
22'/a
Dec
26'/B
Dec
19%
Dec
96
Dec
43% Jun
18
10,'A
Jan
119% Nov
20
54»/2
Jan
116'% Jun
25
333/4
Jan
41% Dec
11
23% Mar
2
6
108
Mar 22
2
13
Dec
10
2
15% Nov
Dec
Jan
2
105% Nov 20
8
16
Dec
5'A
19
*
65'A
Dec
28 Va July
105%
Oct
107'/a
Nov
7
Sep
9'A
Jan
2
3
31% Mar 27
25
57
106%
21'%
„
.
77
Dec
8
40%
40'A Dec
4
20%
Apr
Feb
26%
Dec
71% Dec
115
Oct
13
49'A
Jun
59%
Dec
1
88 Va
Jan
108%
Dec
29% Nov
13
19
May
21%
Jan
29'A Nov
19
233A May
26%
Oct
119%
Oct
36 % Dec
19% Aug 20
_.700
1
par
113
93 3A Feb
3
33'% Dec
Jan 23
Jan 25
Jan
2
Jan
2
25
Jan
2
117
Aug 22
12% Aug 21
par
Jun
8% July
46
Apr
No par
com
Aug
23 %
Jan
51%
May 28
151% Nov 30
3
Jan
50
3l'/a
Feb
4%
72
14
26
25
Apr
18'/*
20%
23
Nov
63
-1
-
Dec
26%
,
Dec
2%
Apr
Apr
22
Jan
par
1
-
37'/* July
49
21
100
6,400
28 y8
see
33 %c
2.900
30
15%
96% Nov
5
Dec
Jan
Sep
24% Mar 12
43% Nov 30
100
July
109
27
9
Dec
61
Jan
l'/a
.
6
Dec
10
Dec
Jan
;
20% Dec
3
33'A Aug 21
37'% Mar 28
100
&
Dec
17
16
38
(Chas)
30
23
Corp of America
Phelps-DOdge
39% Nov
Jan
35
:
17
1
5
14% Jan
2nd preferred
5%
27
6
69
No
51'A
Jan
23%
8
17
100
37%
.
-
-5
Milk Co
Sep
2%
30% Jan
-50
—10
100
45%
45
100
34%
38%
,
19 Va July
103
Co
Petroleum
114%
.
111
No par
6% Aug
Feb
6
8
*
Jan
July 26
(Chic)
Ry
Pfeiffer Brewing
28
footnotes
Eastern
2,600
27%
41%
19
10ft
Co
Dec
28
No par
.
14%
114%
For
.ll7% Aug
oreferred
4%%
28 Va
18%
Pet
108
28 '/8
120.
&
5%
700
114%
18%
r
7
new
Pepsi-Cola Co
Pere Marquette Ry Co
5% prior preferred
200
28%
119%
Peoples G L & Coke
200
27%
18%
preferred—
& Light
Mar
21% Jan
Dec
3%
26
.
5
106
17%.
~8%
v
,
Dec
y. 71%
5'% Dec
24
>
—
2,600
28
119%
is y8
Co
%
Dec
2'/« Jan 24
Sep
7% July
25
14
57'A Dec
22
Jan
Dec
,
12% Feb
.
29
III- Oct
110
59
Dec
163
4%. Jan
.
8
x80% Dec
Oct
42%
123%
.Jan
3
X39% Nov
,
149
.
10
Dec
16
——1ft
Corn
Dec
Dec
15
1
Peoples Drug Stores Inc—;
28%
27%
*28
—
Coke
12
20
V
Jan
xl8
Dec
Apr
-117%
10
29
>'2
6% Mar
Dec
Dec
48
Jan
.
25%
.
;
Aug 17
32% Dec
t
31
21% Jan
par
11%
35 %"
10
106% Oct
1
11
Mar-8
29'A Feb
par
„No
Corp
14%
■70 %
j
75% Dec
7
5Vi Jan
25%
35 y.
39% Jan
23
par
Pennsylvania RR
Pennsylvania Salt Mfg Co__
800
i
10,600
'1
Co—
Airlines
11
69%
Jan
Jan
30
.
-'Jun
32% Jan
>
par
14%
38
Apr
Jan
.
149;% Dec
;—2.50
No
No
Cement
-
Sep
.
17 y*
3
175
,-27% Mar 26
,
Mines—s.1
No
G
56
-
1*
C6
11%
34%
Bejv
13
48%
8%. Jan
^.39
7
•
4% Mar 20
■>'
——1
14
•
v>
18
.
3
29% Apr 26
106'A Sep 18
par
Inc__
Inc
Power
Peoria
...
,
100
11%
,
38%
69y4
No
Glass Sand Corp
•Penn
200
115
&
Penn-Dixie
13,400
t'
41%
11%
70
1
,
36%,'
89
115
Coal
Penn
1,500
39
35%
(J C)
Penney
Penn
93
*38
.
7.
Nov
46
•
3
fi 16% Mar 26
100
Ford-
&
Penn-Central
24,000
43
116
14
Penick
13,000
45
89
11%
-
•
Patino Mines & Enterprises—„ —10
1,900
42%
*115
11%
—
iJun
14'A
.10%. Jan
-
19
3
6;13% Jan
—1
Inc
&
par-
Parmelee Transportation
5%
90
*104%
116
*113
35%
91
39
11
•X60% Oct
2
Jap-
»16'A Jatt"T'12
2%
& Ref/-—
Consolidated
5,600
24
42%
No
Transp-i—
Pictures
Davis
Parke
*—
■:
10
Parker Rust Proof Co
800
32
42
*43
45
;
preferred-
Utah
500
r
•
Dec
42
38'A Mar-27
7,600
14%
116
40
37%
*69'A
90%
*36
37
14 y4
*14
42%
23%
i
par
6.800
30%
*89
40
*104'/a
43%
41%
91%
Park
2,700
V-
44%
*115
—
90 3A
*38%
*30
&
*110
24%
*43
40
27
116
*88%
32
30
42%
43 %
*36
35%
14
14
23%
45
44%
*
31
*30
43%
*43
—
45%
*110
24%
43%
.
14
149%
30
32
43
45
41
14
24
43'A
*43
44%
33%
*110
23%
42%
149^
%
46%
\
.
'-/'V
48
Pipe Line—No par
Tilford
Park
7,300
•J-
4% '
28%
20%
Cos
conv
Paramount
16,300
&
Prod.
3,700
36'/a
34'% Jan
'•
—-No
89'% Nov
-
Jan 24
■
preferred
Paraffine
100
36
Va
4%
Panhandle
*'
108%..
Petrol
Panhandle East
■'
71
.
24
23
American Airways Corp
Pan-Amer
3,200
55
71%
4%
23 »A Nov
,
45'% Mar -9
No par
Packard Motor Car__—
Pan
42,600
78
108%.
69 Va
Va
68
5y„
56
900
500
13%
Electric-:
Pacific Tin Consol'd Corp^
Pacific Western Oil Corp.;
llO'/a
13%
&
Gas
—
66,500
-
;
•
54
22'A Dec
n
11% Jan 20
-■
Pacific Telep & Teleg——100" -121'A Jan
6%
preferred—•—i—,———100 ! l60y2Jan
-29,700
-
'
38%
*108%
•
13%,
*73'/a
,—10
—
:
80
6,800
11%
•
Co*
-13'% Jan^2
preferred non-cum—-No par-r *
2nd preferred non-cum—No per /
Pacific
50
.
26%
■
Coast
I
1st
Pacific Lighting Corp
Pacific Mills..
600
'
10%
37%
76
.
10
7,300
800
%
9
31%
32
70% ;
18%
.
'
173
.'8%
9%
71%
146%
173
173
110%
*74
Pacific
;
.
42%
58-%
26%.
18%
14
Paclfl# Amer Fisherlee Ine-
-
•
.
38
41%
•
59
<•
*
37%
400
///A yv'V;- 30
18
81
•
146%
'■>147% " 147%
n,-
33
25
*108
>
1
8%
*17%
tSep
'
*.77
37
'42%
•-
58%
■■■
18
<
18
18
*78
58%
V
18
-
>
42%
,
174
8%
.
18
18'A '18%
»
19%
• ,, g4
*36%
•
72
*145%
,
*18
•
59
*173
Dec
-157
I,
/
84
*
Dec*.
Jan
18
34% Nov 26
-
Oct
.108%
Dec
8%
v;
*79
Dec
20 ys Mar
28%
23% Nov
28
23'% Jan -2
iv155 ' Jan 26
100
-
Nov
;■
„
*
12
18% Dec
•
13% Jan' 22
.
No par >
;
119
11% Jan -2
•I, 107
100
—
-
'
106% Jan v 3
-
6'
•
31'A
•
-
>
convertible preferred^—100
4% %
par
Omnibus Corp (Th«)j
8% conv preferred A
2,900
'
116 %
V\
34%
Co
"'
29
-
*87
*116
31
35%
.
i6
15,800
22%
33%
118
16% >
Edison
"
j
'33%
118
'16%
116 y»
115%
30%
35
..
33%'
Ohio
113
.
22'%
23 Va
33 Ye
*117:%
16%
16%
,
*111
113%
--22-%
*e**.A
34, uSflV
118
*117%
16%
30%
35.
Ha.
"'""•33 %
117
*111%
23%
22%
'-a'—
,
-t.ti«
118
16%
117
113%
*111%
Apr
19
19% Nov
44% Dec
27
117
Apr
19
122
.
24%
Jan
37
July
Volume
Number 4451
THE COMMERCIAL & FINANCIAL CHRONICLE
LOW
Saturday
Monday
Dec. 22
t per share
65%
t
per share
AND HIGH
SALS
laesday
Dec. 21
t
per share
65%
"31%
34%
32
*33%
107%
135
33%
107
135
106
22%
22%
24%
25
22%"
22%
25'®
40%
15
14%
." 21%
130
64%
84%
84%
31
31%
65%
83
83
31
*30%
12
19
...
83 '%
*30'%
24%
25 y.
26
63%
64
64%
23%
24 y«,
ti'*t
115%
*«-r,
124%
131%
■„
115%
124 %
131%
141
125
*
141
114%
61%
23%
23%
112
♦110%
33
23%
33 y4
ociew
1,830
5%
<
'<■
r
1
115%
Pond
'*
•
V
;
65
23'%
1,700
:
22%
23%!
i
;
Creek
:
131%
131% A
141
142'/a-
114%
114%;
114%
60%
62%
23 %
23%
111
111
33%
60%
A;
111
33
•
23ya;
*111
33%
-
62
22%
32%
42% Dec
Mar 10
10
69% Jun
Feb
20
91
Jan
2
Jun
9
Jun
43% Jun
188
19
22
Dec
30% Dec
33%/
73
t
Dec
22% Aug
Nov
173
Jan
14%
Oct
17% Jan
Co
2
27% Dec
10
16%
Sep
■
19 Vi July
3
33 % Dec
11
wy*
Jan
i
25
12'A Jan
8
25% Dec
8
8%
Apt
13y»
16% Jan
22
26% Dec
10
11%
Apr
18%. Dec
55
Mar 27
66'/a Nov
1
17
Inc
No
Jan
10
52% May
13'/* Jan
—No
27% Nov
7%
preferred—,
110
8%
No
preferred
;
No
(The).
No
17
106
Purity Bakeries Corp
No
July
18%
Dec
18%
Dec
27
87%
Jan
26
96
Jan
•'
109% Oct
Nov
10
104%
Jan
.
113% Nov
.
14
113y» Jan
122Y*
Dee
Jan
20
113% Nov
119%
Feb
65'A Oct
10
37%
Jan
24% Dec
112% Nov
47'A Jan
preferred
Dec
59
Dec
126
138
112% Oct
No
May
x14874 Nov
Jan
121% Jan
Pud 8er El as Gas pfd 45
1.700
61% Jan
24% Jan
115% Dec
conv.
8%
'
No
2
5%
100%
3
16
P"*« Oil
8% July
9% July
Deo
-
Sep
Sep
57% May
11'A Jan
173
Nov
3
12
Jan
Apr
45
9
30
100
Aug
8%
6
Jun
102% Feb
9,400
Mar
~4%
26"
21
No
B
Pullman Inc
;
Dec
171
190
Apr
82
26
68
106 74 Jan
20
Nov
28
12% Ded
90
17
183
15% Dec 10
117% Oct 17
12% Jan
45 preferred
6,300
115
17
preferred
y
10% Nov
Apr;
Feb-
11% Jan
164 % Jan
July*~9
6f#
'•640
'570,
■/0
*
*114%
205 'A
80
125
23%
2
198
Pub Serv Corp of N J
12,500
114%
.62%
Jan
680
114
142
"140%
99
Gamble,;
St
Dec
68%
8
2
..
July
26
27% Dec
Pressed Steel Car
Procter
106
4
pfd
pr
28
108
*7y»
49% Mar 27
Pocahontas^
Poor & Co class
800
26,600
2,400
•
r
124%
125%
conv
Feb
105 Vs Nov
26
8 % Jan
Inc
Plymouth Oil Co
33 \ ;,■■■
131%
%
ser
23%
Nov
48% July
14 y* July
Apr-
*3
11% Dec
Dec
6% Jan
A—
117
Sep
9
13
16 Va July
Feb
Jan
42%
28
25% Dec
39 Va Dec
Plough
25 ;
65
<*'-
X98
Sep 28
23'A Now
Nit
Pitts Young St Ash pfd
Plttston Co. (The)
1,900;
y.
1st
37% Nov
108% Feb
17
No
Pittsburgh & West Va—
1,200;
•
t
6
31
190
&
class
Dec
ll1/*
6
126
$ per share
6
27
35
Highest
share
per
13
Dec
20% Dec
GlassC<k——
preferred
5% %
160
•,;>
24%-
•24%
24 Va
131 '%
114'A
,
24
.
15
S
13
15% Jan
Pittsburgh Steel Co—
■Tf» preferred class B—
'
131%
62%
30%
*30%
22%
-
64%
114
141
114%
Plate
^uvo
27
25%
64%
124
131%
61
33
24%
-
115%
-
; '22%
*110%
24%
22%
126
; 112%
141
*114%
23%
23
2.
85 % Jan
Co
3,700'
:
<
19
33%
-22%
;
62%
23%
-r
24 '%
"*3o»%
;%v
32
25%
No
Sep
59% Dec
8% Mar 26
4M.bpl.Utfn
9,400
•
,.
,
85%
*26
Jan
Co—No
Pitts
68%
19
Jan
105
Sep 29
118 Va Aug 20
-
FOigiUfet OU_
Pitts Ft Wayne & Chic Ry
7% preferred.
.
•
23
23%
800
11%
■
Chemical
11,000
*197»/»
<
&
No
share
Apr
34% Dec
2
-
i5%;
30%
i
Coke
74
124
25
;
„„
per
Lowest
113
Mar 29
11
Louis RR:.
$
July 24
44'/a Jan
Hosiery
-
130
No
45 conv preferred
Pitts Consolidation Coal
5,900
:
/
42%
85
31%
19%
22%
22%
1
"67%
■
27%
25
r-i
14%
83%
31
27%
■24%
.
-
67%
19%
*26
23%
„
preferred
Pitts
20
22
*118
*26%
27 %
32%
%•
19%
24%
105
4174
11%
15%
130
66%
24%
*30%
11
11%
*26%
1,900
*203
14%
<
$4
share
111
No
Year 1944
Highest
lu7% sep 11
14% Jan 20
—
Pillsbury Mills Inc
10
1
21%
41%
*
per
66 y«
preierred
Pitts C C & St
23-'%
*197 %
19%
4ub
*197
*118
*197
19
•
24%
66
11%
*196
•
22%
24
15
*117%
64 %
105
107%-
41 %
11
•'
'
'
.
10%
10%
*203
14%
.
10%
preierred
Pnoenix
135
41
'10%
100
34%
Ltd
Co
Philjips Petroleum
'
107'/a
*126
*197
40
*33%
,
*107
25%
*117%, 130
"
34
4yo
3,000
32%
135
*105
*203
39%
58%
57%
*31%
Range Since January 1
Lowest
Phiilipa Jones Corp
7%
107%
10%
*197
*203
100
*107
106
106
lV/O
35
*126
,
10%
10%
*197
33%
107
*126
10%
Philip Morris &
111
34
>
2,600
125
«
Range for Previous
STOCK
S
*32%
59%
*31 %
65%
111
YORK
EXCHANGE
Shares
*121'%
34%
125
58%
:<4
33%
*107
*103
59
*:<2
*126
>!
34%
*121 >/*
NEW
r
the Week
share
X65 %
111
37
125
34
10%
*110
*32%
58%
I per
66
65
111
Dec. 28
share
per
*121%
59
32
66%
*110
125
50
S
Sales tor
Friday
,
Dec. 27
* per share
ill
*121'/*
STOCKS
Thursday
Dec. 26
66%
*llu
PRICES
Wednesday
,
Dec. 2t~
8
14%
103
Sep
29
Jan
108%
Dec
Nov
13
19%
Jan
24%
Oct
22% Dec
11
12%
Jan
16% Aug
118
Jan
May
23 % Jan
35
52 y» July
18 -• Mar
.
A,
•21%
22
21%
22
22'A
22%
*21%
22%
500
17%
18 Va
17'/*
17%
44,300
89%
89%
16%
16% ;
134%
Quaker 8tats Oil
Ref
.18
15% Jan
Radio Corp of Amer
No par
$3.50 conv 1st preferred—No par
10'AJan
2
10
8%
Apr
12
78% Jan
15
90'/a Oct
8
89%
Jen
80 Va
7% Mar 26
18% Dec
10
7%
Apr
145% Dec
10
85%
Jan
Corp.
22
R
17 '/a
17%
18
89
89
16%
89
17'/*
135
18%
■
17 %
137
89%
89'A
17 Va
90
■16% ■■■'17%"-
139
138
136'A
137
110 Va
"
110 Va
132%
-v
4,400
18,400
6%
500
•109'/a
110'/a
*39 %
40 Va
41
41 '/a
41
22%
22%
22'A
23%
21%
22%
21%
22%
38'A
37%
38
37%
38
27%
26%
27 '/*■'"
26%
28'/a
'
10.200
50
50
50
50%
50%
*
300
45%
45%
46
46'A
46 Va
300
26'/a
300
38
*38
27'/* A
26%
26%
50
*45
46
*24 Va
*
♦109%
38
*49
-
26
104 Va
107 Va
113 Va
'
30%
1
116
30%
y
40%
40%
34 Va
*101%
41
34%
:
35
-
.
103
*101%
26
26
27
17'A
17 Va
30%
30%
*110'/a
*107
41'/a
*41
;
*25'/a
26 Va
*104'/2
107
*110
:.
107'A
120
i
41
122%-
120
30%
*29
*41
42%
41
Rels
120
200 "
300
*110la
112%
22'/*
108%
34%
117
113%
*107%
34%
45
105%
24%
24%
*34%
113%
113%
21%
37%
45
105'/a
A
110
21%
104%
23 Va
24%
23%
,
23%
1.9C0
16 Va
17'/*
16%
17'/a
1,800-
28
273*
273*
300
12 %
12 "a
12%
11 %
12
11%
11%
28 Vo
28 «A
29
45
28'/*
28 '/*
45
45%
*44 Va
30 y*
30'A
29
30'A
*28
28'/*
28%
29'A
28 '/*
29
*23%
12%
93
94
53
53%
*110
67'/a
25%
*113
13%
95 34
55
68
111%
68'4
*137*
13%
1374
36
36'/*
36
23
23
23
*11174
52%
26
25%
•113
13%
13 %
102
103%
111%
1,100300 ;"
'
29'A
1,300
53
1,400
25%.
3.800
1137 a
13%'!
8,400
111%
•
500
*6774
29%
29
.
111%
69
29
34%
60
68
5,900
v
800
29%
700
13 y*
13%
13%
13%
1,000
35%
36%
35%
36%
30,000
23%
3,400
237-4
23'/a
'
23'%
*11174
113%
23'A
*113
11374
21%
2174
21%
21
21%
20%
25
25'A
*25
,25'%
2574
-13
102'/2 Oct
16
90
Jan
155
SO Mi
Jan
(The)
99% Jan
5
102 Va Aug
15'A Jan
3
99
99
99
99'%
99%
99 Va
2374
23%
2374
23%
*78
80
80
77%
77'%
*20'/*
20 Va
2074
2074
20%
*65
66
6574
67%
'67%
20%
67%
32'A
33
32 y«
33'/*
23'A
*73
20%
*67
33'/*
21%
23%
80%
15,600
5 %
3,700
100
1,400
69
100
33%
4,100
18
8
99% Sep
12 %
12%
12%
12
12'%
12
12%
16.400
43%
44%
46
45'/*
46
45%
45%
41
41
1,500
*40'A
42
42%
100
19'/*
1974
19%
20%
19%
25,500
59
59
60
20%
21
2174
23 V*
*23
2374
*58'/*
20%
*23
*41
42
20%
19%
59
21
v
59
21
23
23
*41
19%
60
1.000
20%
20%
1,300
23
23
*59
200
21
8heaffer
12
Oct
46'/a Nov
106
Dec
7
10
Jan
Apr
8%
Jan
15 y*
28
Jan
36
May
35% July
39% Nov
7
12% Dec "22
Oct
21
Sep
34
Dec
Shell Union Oil
par
37
22
Jan
23
19'A July 27
8 74 Mar 27
41% Aug 31
x42 Va Feb
109% Nov
108'/* May
5%
Jan
Feb
Jan
Apr
19'A
Oct
11% July
Dec
17%
9
Jun
17%
Jan
24 y* July
25
Jan
34% July
14%
26
Jan
23
56
Nov
16
28
Oct
Feb
23
115% Mar
9
14 y* Dec
7
Jan
2
38 Va
Dec
115%
Dec
9y*
Dec
28
617'* Nov
Jan
10
1113* Dec
23
27% May
lioy*
37% Mar
45% Nov
3
114% Jun
13
109
Feb
115
Nov
1
113
Aug
2
108
Jan
110
Jan
Nov
21
37
Dec
8
65'A Oct
31
7174 Dec
15
307/a Nov
20
20%
Sep
14'A Dec
10
2%
Jan
25% May
8% Dec
18%
Feb
24% July
29
100
22'/* Aug 21
7
Mar
6
35% Oct 23
17 '/a Mar 26
—1
107% Oct
1
16% Jan
78
Jan
40
Nov
24% Oct
114
Jun
7
18
27
21% Dec
26
•
Dec
22
28
Dec
10
13
May
3
100
Oct
17
83%
7%Sep26
1
12y8 Mar 27
9
Dec
18% July
78 % July
14% Mar
7
11%
Sep
79'/* Nov
8
72
Jan
22% Nov
27
9%
Jan
15%
Oct
59
July 23
70% Nov
9
48%
Jan
61%
Dec
Aug 21
36% Dec
3
20%
Sep
28%
Apr
12% Dec
26
74
No par
15
24
2574 Nov
Jan
May 15
1374 Jan 23
No par
No par
No par
-
8%
11
-No par
No par
Pen Co
Dec
Dec
July
7
30'/* Dec
.—No par
pref ser A
G)
13
13
<
7
48
-^-No par-
-i
16'/*
100
13
Mar 26
No par
Co.,
l5ec
12 y* July
88
Dec
85%
Dec
29% Nov
21%. July
102 Va
10
11
10
Jan
12
23-:
6% Aug
—B
&
(Frank
(W A)
Dec
18% Nov
19'A Apr
Aug
Jan
26'A Dec
2
Dec
16
63
33
i
w
preferred
conv
37
117% Dec
21
31
No par
Sharpe & Dohme
$3.50
Nov
16% Mar 27
10V4 Jan
2
i__No par
Steel Corp
Bhattuck
110
6%
16'AJan
^
12
43 %
2
37yaMarl3
115
pa«
Corp
conv
Jan
40
Shamrock Oil & Gas—
$5
87
8
233/a Dec
Servel Inc common.,——^
Sharon
Apr
13
2
No par
w
8eaboard Oil Co of Del
Roebuck
16
Nov
2
31% Jan
Apr
24% Oct
5
No
Air Line ctfs
ay*
99% Nov
6
Jan
v
Dec
10
15% Jan
,10
Nov
23%
18% Dec
14VaJan
1
18
24
33% Dec
98
100
Feb
Feb
Apr
X83% Mar
10
—.—5
preferred series A
Sears
Dec
2
No
preferred
Beagrave
29
6
87'/aJan
1
84 preferred
100
21
22
110 y* July 25
500
■r-
7% Aug 20
.
No par
Paper Co
11%
Dee
18
10
44'/a Dec*
Dec
Dec
85%
14"%
10
No par
Mines
-1
—
.--
6
36'A Dec
17% July 17
84.50
31% Dec
3
*
Seaboard
143..^ Deo. .14-
22
—100
Jacob
•
"
23
22% Jan
10
Typewriter
Co
69% July 26,
17
Jan
3
Jun
22 Va Jan
—
Co—
Oil Corp
Ruberoid
.
137
100
series
$4.50 preferred
2? 74
99
32
Jan
4
Ai.
*
13%
36%
113%
Royal
-
3474
67%
28%
35 %
25 Va
32%
5%
16
Mfg
Richfield
Scott
*109
34%
21 Va
*77%
6
Bt Joseph Lead
10
Safeway Stores
/
—5
5% preferred
100
-Savage Arms Corp
.5
Schenley Distillers Corp__.——2.50
33,300
56%
♦97 Va
23'/*
28 y* Dec
11 Va Jan
Rustless Iron & Steel Corp
80
Ill3*
*24%
23'/*
22
102'/a Jan
«...
Ruppert,
600
29%
56%
55
*110
69 '
*28%
52%
45%
-
Rheem
■"
35%
29 Va
Dec
liy*Jan
—100
Tob class B
3.60%
Ritter Company
Roan Antelope Copper
35,000
28
*43%
*109
35'/*
113'/*
13'A
109
27%
47 Va
113%
99
55
111%
►
35
*28%
-52%
26 'A
12%
113
34%
52%
113
94%
*53
*108
*111%
"
31
12%
Dec
36%
—No par
(R J)
Preferred
28
25 %
42 y*
Jan
19'/* Jan
^
conv
Common
90
700
17'A
52 V*
Jan
27%
No par
Reynolds
.
104%
28
113
32%
6
1
preferredSpring—.—!
17 %
25%
28
25
prior pfd ser A
Reynolds
28
52%
50% Dec
46% Dec
No par
7,300
45
104%
5%%
Mar
5
1
Reynolds Metals Co
190
43
Dm
July
31
^
600
37%
*44%
104%
1,600
-
30
33%
36% Jan
—100
No par
Revere Copper & Brass
5V*% preferred
20
>
conv
19'/aJan
:
2
1
Inc
Motors.
6%
___
6,600
17 y*
114
Dec
Republic Steel Corp
28'/a
25%
21%
Preferred with warrants
A
16,900
22%;
34%
116
A
112%
22'«
110
*107
3 5'/a
-'A A:.;'
16%
31
*111
23
21%
52'/a
Jan
Republic Aviation Corp,
38
114
15%
34% Jan
10
7,600
21%
27%
Dec
29% Mar 19
Mfg Co
Remington-Rand
R-eo
23'/*
.
34%
Reliance
1,300
37
45
18
Feb
& Co 1st pfd
Stores Corp
26 Va
21%
28 %
Feb
28
(Robt)
Reliable
26%
37%
•30'/*
•
27%
,/
21%
11%
lay*
8
2
100
27'/*
27
113%
24 Va
Jan
7
38'/a Jun
Jan
10% July
107% Jan
5
200
37
16%
28%
Nov
Hosiery
.4,200
21%
*28
7
25
Preferred
35^4
37'A
24'/*
Real Silk
~
102%
22%
44
8
Mar 26
2nd preferred,—50
353a
30%
45
non-cum
*101%
36
.16'A
105%
4%
101%
21
♦43%
Dec
43% Dec
16
50
preferred——50
35 %
17%
116
non-cum *lst
101%
31 Va
117
4%
36
16%
35
July 18
Aug 11
111
33
25
Reading Company
*
41
103
No par
1
$2 preferred
V
Dec
pfd—100
Inc
103
30%
108%
'Rayonier
>
1.3C0
30
17%
.
4.900
123
*29%
-
*
700
*
July
91
preferred
conv
19% Dec
1
100
mm
Ralston Purina Co 3%%
Raybestos Manhattan
30
r
■
108
121 »/a
30%
36%
*105
*25%
*110%
35
110%.
r' 41%
*105%
31%
108%
115'A
25%
•;
17 Va
,
22%
34
110%
31 Va
,
'
113
22'/*
%
.•
25%
* *104%
-* f
•28%:
*49
*45
113 Va
:.
Radlo-Keith-Orp*
76%
Oct
Sliver King Coalition Mines
Simmons Co
No par
32% Jan
2
46% Dec
3
24%
May
Apr
35%
Sep
Simonds Saw & Steel
No par
30% Feb
2
14% Aug 22
41% Jan
2
44 y2 Nov
7
23
Apr
31 y*
Dec
10%
Feb
16
Dec
Sinclair
Oil
Corp
Skelly Oil Co
81oss-Sheffield
$1.20
Steel
S
-—No pr.t
15
&
Iron
preferred
No
5% Mar 26
21 Va Dec
11
65 y8 Dec
7
,
3
35
Sep
7%
Dec
42%
Jan
20
15% Aug
9
223,* Dec
11
13%
Apr
18%
Jan
par
22% Jun
22
24'/* Jun
5
22
Jan
23% Jun
48% Jan
22
*86%
87%
90%
90%
90
90
89
89%
3
29%
Feb
84 y*
Dec
38
37 %
37%
37
37%
37Va
3774
600
29'/a July 27
40% Oct
16
23
Apr
31 y*
Dec
17%
Smith (A O) Corp
10
Smith & Corona Typewriter-No par
Dec
*37%
17%
17%
17%
17%
774
17%
17%
32,000
Socony Vacuum Oil Co Inc
13% Jan
2
18% Dec
10
12
Jan
6%
7ya
18,200
South Am Gold & Platinum
4y* Aug 20
7'/a Dec
15
14% July
5y* July
21% Dec
17'/*
7
6%
•7
34%
♦34
55
176
34%
55
*173
55%
I
176
7%
35
56
176
7
35 Va
55 Va
*173
<
35%
35 W
35%
1,400
900
56
54
56
9,300
178
'175
177
20
'/£
36
36%
36%
36%
36%
36'/a
36%
2,400
*23%
24
23%
23%
24
24
23%
23%
400
59%
60
60
61
58%
60%
58%
5974
12,300
*35
Foi*
footnotes
see
page
3211.
15
1
Southeastern Greyhound Lines,—5
Porto Rico Sugar
No' par
South
preferred
-100
Southern California Edison—,—,23
Southern Natural Gas Co
7.50
8%
Southern Pacific Co
No par
20% Aug 20
40y»Apr
4
Apr 20
26% Jan
2
155
17
Jan
20"
3874 Jan 31
96
36% Dec
60 Va Dec
8
1
3%
Jan
20%
Dec
28%
Jan
141
Jan
45 Ya
162
Deo
180
Nov
29
37
Nov
16
22%
Apr
26%
Oct
24% Dec
11
13%
Jan
17 y*
Aug
62
20
23%
Jan
43%
Dee
Nov
Dee
THE COMMERCIAL & FINANCIAL CHRONICLE
3210
STOCKS
CALX PRICKS
LOW AKO HOI
Dec. 22
Dec. 24
.
t per share
58%
X per
t per share
X per
share
93
29
20
20%
10%
♦88%
95%
17%
116
132
132
48
42'/»
41%
42 %
41
41%
9,700
66
66%
66 %
66%
11.400
25
24%
25
18%
42%'
42%
42%
42%
42
.42%
2.900
21%
20%
20%
32%
311
32%
12,000
18
17%
122%
23 %
33
32%
*40
40%
40
*51%
57'/a
134
*52
22
32%
600
Superior
200
40%
*40
•
(The)
of Calif
29
Superior Steel Corp..
Sutherland Paper Co
100
Oil
swirv
33%
33%
38%
33%
2.400
33
3.600
Swift International Ltd
40%
41%
39%
40
2,200
Syivania
12%
13%
12%
13
6.800
Symington Gould Corp..
13%
13
12
17%
18
*108'%
109
*108'%
60%
62
60%
62
60%
61
5.600
10%
60%
*49%
L—
49'%
♦
10%
10'%
10%
10%
10%
5.700 r.'
Texas
48%
49%
48%
49
48%
48%
1,900
Texas Gulf Sulphur—
28%
29
28%
29%
27%
28
6.700
17%
17%
11
10%
•!
,t
28%
!
♦
{*
%"
■
i,
-
■■
-
4
—.
•
17%
f
■
•
i
-
•
29
••
16 %
'
^,-4
104
'
•
.
*162
,
'
14V4
58
13%
^L'.''•'»
•
29%
60%
-
15'%
13 Va
13%
13%
13%
12
12 %
2,400
18%
108%
17%
17%
1,100
108%
109%
st
50% ,_52
jI
60 'A
Telau togra ph
.
Tennessee
Corp_
;
14
V9
17
■
28 %
14%
60
58
.
112
8%
•-.L"
13
60%
9%
*56'%
V
112
112
112
9%
7
v.,.-;
'
500
'
—L'
„
■'
48 %
22%
:
J.—
14%
V'-
'
:
'
•
106 7
-
/..
—■
21%
70
28 34
9%
9%
•
"
4,,^ 1
•'
\v,
^
H vH O
16%
'
'
•
57%
56'/a
56%
22%
22'/a '.'22%
170
8.500
7
•
106%
107%
107%
,47%
62%
48 %
47%
47%
62%
63
1,500
21%
v
21 %
71
67
21%
69%
28%
28%
28 Va
9%
97 a
111
17
16%
•••
111
39%
107'%
*105%
107 %
■
42 Va
41%
42%
42
38
39%
52%
•
51
*14
14%
*144
'—Jz'
'
.\
*104
■
■
145%
•
■
——
53
52 %
104%
14%
'
2
Dec
39% Nov
20
14%
14%
146
38% May
Apr
7% Jan
8
2
13% Dec
-:i Dec
6
16
7Va Jan
3
2
22%
22%
22%
71%
72
23%
71%
/,
Set
Deo
14
Jan
Jan*
Jan .>
Apr
14%
Feb
—1
20% Jun
20
8%
Feb
30% Jan
55 Va Nov
27
17 Va
Jan
14% Mar 31
31% Dec
15
12%
Jan
11
12% July
Feb
16
Jun
8% Oct
•
Rep
31% Nov
Dec
8%
7
18 Va Aug 21
13% Jan 22
Jun'
8
4%
Oil
105 xh
July 26
—No par
No par
-
preferred—
conv
44% Mar 29
83; Apr
—No par
Oct
50%
6%
V
j
33
»
15% Dec
7
64% Dec
Dec
Dec
pec
24% July
Oct
53 % July 24
29%
167/» Nov
.
Jan
!r 9% Mar 27
Jan
87 % July *
Feb
5%
81%
18% Dec
—1
58 '
July
9% Nov
94
Dec
10%
Dec
12~%
Dec
7
common--—-
25
Z
preferred !
No par
——*——100
26
Jan
22
Jan
t
•
HVa .Jun
32 %
13V3 Mar
•».'
Jan
49ya
Qct
5%
Aug
27
9% Dec
16% Jan
Sep
Detrolt
Roller Bearing——No par
2
8
2
Jan
18
18V2 Mar
Dec
10
13
Feb
107 Va Nov
23
;Jan
61% Jun
25
52
Dec
4
25
6
66
Oct
1
43%
Mar 26
50
23
Dec
34
Apr
22
-
Dec
17
July,!
■38"
Dec.
•
Apr
34 Va Jan
______—10
Axie
112Va Nov
2
101
___No par
preferred-
2
31
par
Oil—-——10
Associated
8
4 % Jan
-Apr./.
4%
10
66 Va Nov
106 % Oct
par
.7
1
19% Dec
July 17
45
com—
Co—
No
preferred—„1—N<
15% Mar
10% Aug 20
131 Jan
3
Transit Corp.-No par
(J R»
Water
50%
6
15
61% Dec
104
x93% July 19
——
conv
Avenue
6
1-100
preferred-!——50
preferred
div
30
52% Aug i
!"
2
„3
14
8 V,
Jan
"11% Dec
: 26
Jan
15
79
Dec
3
17%
Apr
:29
18
Va Jan
2
33
Dec
10
12%
Jan
—1
V- 5
Jan
2
10% Dec
3%
Feb
5 Va
Dec
—No par
103
Jan
13
112% Dec
Jan
105%
Dec
11%
Nov
—
1;—,
preferred
.l-.No
Corp.
Corp——1—;_
Ravon
10
10% Mar 22
par
18% Mar 28
1
Twin
Coach
101 % Jan
3
26% Mar 21
34 Va Mar 27
102
May 22
17
26-
Dec
12
Nov
21
45%
Dec
8
56
Dec
8
106% Jan
13
■v
85
8%
18 % July
Jan
15% Mar
20%
Dec
Dec
102%
Dec
21%
Feb
28%
Dec
28%
Jan;
35%
Dec
102
~
*83
*
Jan
105V*- Dec
'
16 f"
3
20
Oct
; 9
'52 % Dec
14 % Jan
3
25% Dec
146
7
5%
Jan
26
63%
Jan
8%
Jan
Dec
9% Jan
112% Sep
42...
3
40% Dec
109
1
Co
Dec
"
1
,
Dec
-.
I
7
9%
118.
Dec
Dec
8
V ;
ley*
Dec
Jan
66
Jun
Feb
15%
Sep
82%- Jun
U
,
24%
99%
*114
:
24%
.
243'«
'
'
■
—^
100'%
^^4.
71%
25%
•
'
•
—
_
26 %
140'%
112
'
"
114%
26 Va
139'%
26%
115
112
*110
41
100%
101
*v
..
7^.
•'
-
-
40
•
'
115
*114
24
26% Oct
29
78% Jan
24
102% Dec
1
76
27
117% Jan
23
113
Jan
29
109%
———
Union El Co of Mp $5 pfd—No par
115
Preferred $4.50 series—No par
*110% Apr
; 111% July 11
139%
139'%
*109%
'
112%
40%
1
40'%
35
-
—
—
'
40'/»
77
35'%'
V
—
—;
114%
114%
60
26%
26 Va
26%
.5,100
Union Oil of California
25
20% Jan
22
138%
140%
138%
140
2.200
Union Pacific RR Co__
100
109% Jan
25
151
112%
112%
112%
40%
100% Jan
24
112% Dec
1,900
Aug 20
45% Nov
"
■
35%
35%
34-%
*112
114%
*113%
115
55%
51%
53Va
54
,
■
——
'
*170
—L
180
'
*35%
37
115
*112
—C
'—7 •'
■
180
■
.
i
7
_4.'
—
79%
*77
■.'
1
■
•
180
177%
*
*33
36
ll!%
37
*36
115
*112
115
*112
82
81
81
37
*33
36
79 3;
36
—
36
»
11?8
25 V8
'
4}%
12%
v
—
16 Va
16.%
51
—.
—
—
—
23 Va
23'%
100
conv
preferred—
Carbon CO-—
47%
48
47%
48
3.400
26%
26 3a
26%
4.400
United
12%
13
13
12 Va
1.000
United
77%
77
77 %
70
25
4%
4 %
%
16%
12
4.—'
•,
„
25
4%
12%
*76%
10.200
1.000
4%
17%
16%
49%
48%
44.300
„
49
110%
24%
24
24%
48 '
52
12
4%
48 %
*
48%
109%
.
1'0%
46%
*108%
12
—
11%
25
23%
•
—-
11%
25
77 Va
16%
17
50
110%
11%
'
109
12%
109
12%.
110%
23%
„
2,300
Dye wood Corp—
Preferred
———
Electric
United
Coal
Cos
800
112%
United
Fruit
-3,
United
United Merch & Mfrs
20
600
5%
United
Gas
No
Co—
7.400
12%
—100
__5
Engineering, & Fdy
United
7.3ff)
24
-5
i
—
2.8rn
50%
49%
*109
109%
12%
Co
Improvement
preferred
Faperboard
par
Co.„13%
Inc com——1
Sep
Jan
118
19
92%
Feb
104
Dec
27
26
Jun*
30
Nov
Jun
—
Dec
11
25%
Dec
11
100%
110%
Sep
3
22%
Apr
36%
Dec
3
102 V8
Jan
123%
Dec
22
200 % Dec
33 y* Nov
Feb-
20% May
40
Dec
114
J«n
6
110
2
82
Dec
27
61
May
26% Feb
2
26
22
24%
Mar
Jan
Jan
July 26
Dec
62 % Dec
36
Dec
8
Dec
114
Dec
Jun
70% July
28
Oct
3
25% Nov
15
13
'
Nov
13
1 Va
38% Jan
2
50% Nov
10
31%
Apr
42 ya
15% Jan
22
29% Dec
4
12%
Apr
17%
Dec
9 Va Jan
5
14% Jun
27
Aug
Jan
5
88 % Jun
27
1% Jan
66
2
89% Mar
13% Jan
99
Mar
6
45 Va
8
Jan
1% July
Dec
Feb
11%
Apr
78 y« Aug
Jan
11%
52 % Dec
8
26 Va May
38 ya
120
Oct
15
75%
Jan
91%
Dec
20
25
Nov
27
11%
Oct
15%
Jun
9
52
Dec
27
19
112
Nov
26
Dec
7
10% May 26
33% Jan
5
31
9
17% Dec
3
100
1,0
106 V8 Oct
1No par
—
20%
38% Dec
120
Jan
7% July 20
Oct
17%
93%
22
22
Prior
115
6
12
66
United
Drug
Feb
Dec
Nov
8
22% Mar 22
—
119
Feb
109% May 25
No par
United-Carr Fast' Corp .—--No par
5%
26%
49
110%
*11%
United .Biscuit Co—
United
Aug 20
*'
Nov
Sep
118
,—No par
-100
100
„
9%
27% Dec
31Va Jan
100
preierred.
48 %
109%
46'4
*108%
-
27%
16%
.
—r
lp9.% 110
45%
25
104
10
Ciger-Whelan Stores
30c
preferred
——-20
United Corporation——~r-No par
$3 preferred——No par
11%
•'
'
*49%
4% %
29
9
preferred.—
Air Lines Inc——
12%
•
12%
80
conv
*
—100
Aircraft Corp
United
United
77%
.
4%
26 V«
*75'%
.
47%
«„
'
48
100
No par
800
37
*36%
preferred
26%
-
4i%
48;
37'/a
*33
11%
25%
^
25 Va
'
26
1.200
118
81
79%
11%
12,800
174
174
37
*.
'
*25
8,600
non-cum
Union Tank Car—
5%
53%
*112
7
'
W-
'
513;
177 %
•
115
♦113
4%
800
34%
34%
35%
'
r—
^
52
40 %
40
54
.
'
114
*112
116
114%
26 3
51 %
14 v; Jan
Corp
a
114%
19'
3
No par
No par
1.700
101
'114
Oct
58% Jan
Union Bag & Paper—
Unloo Carbide & Carb^—
Underwood
'
26
77
No par
3.000
4,600
72%
24%
24%
25%
10G%
*114
•
72'.;
72%
24%
101
*114%
L.—
——
114%
*
-
•
v
115
*114%
'
'
100
11% Jan
24
26% Dec
10
103% Oct
23
107% Nov
20
Dec
i
98%
Jan
109:%
Dec
4
Feb
7%
Sep
77/a
Feb
12% July
14%
Jan
21%
20
16% Apr
Dec
6 Vs Mar 26
13 7
(
24%
24%
24%
*106
107
107,
24%"'
For
24%
footnotes see
™
page 3211.
:
24%'
25
106%
25
24%
103
24%
24%
ICS
24%
24
106%
24
24';
107
24%
5.800
130
1.100
T
Jan
33%
v
10Va Mar
5
.
33 V#
5%. May
4%
590
300
280
51%
22%
20%
Apr
27%
11
13% Dec
19% Dec
7% Jan
800
14
51%
23
:o'
""
51%
Feb
Dec
Dec
S3
uan
Jan
26%
11
11% Jan
preferred
—:
100
20th C'en Fox .Film Corp—No par
$1.50 ptrferred.
——-..-No par
$4.50 prior ptou—!
;;—No Par
Twin City Rapid Transit!—-No par
2nd preferred _——.——100
5%
conv ;pfior pfd_
i_—_50
10,000
*146%
51 %
ov®
27%
9
43% Nov 30
29
434 %
100
14
14'/a
*146%
62
Dec
3*.
k
Sep
32%
$6
1,400
51%
29
5
6
64%
X
Apr
44«i
Truax-Traer
52%
19%
6
42 % Dec
Aug 11
86%
08% Nov
-1
TuHi^e
104%
10
51% Nov
2.100
52%
104%
3
Dec
2
4,400
104%
53
*104
51%
23'4
*71
•
51%
*22%
•.
"•
^
„
146
51%
■
.
•"
104'%
Dec
-
363/a Jan
Trl-Contlnental Corp—
A
*
50%
*104
Jan
40
Dec
137
No par
,-10
Iransamerlca Corp
470
V
<17%
' 3
22
8
Transconfl & West Air Inc.:
r
107%
42
26
33
Aug 21
Jan
12
16%
41 %
■
,
37
.'
107/* July
25
39
*105%
■-■■'■;■
1
41%
111
16%
16%
39
■
—
.
8,000
Jan
Trausue & Williams St'l——No par
500 t-
3,200
5%
17% Jan
Tlmken
11.200 ;
70%
20%
.6
31 Va Mar 21
Ttmken
t-
23
*100
~
Oct
7% July
23% Dec
9
Feb
Oct
$3.50 cum
20%
16%
\
39%
Oct
5%
Dec
$3.75
73
110%
64
128
Jan
>
10
10% Dec
Tid»
29
111
121
9'/a Dec
62
Thompson-Starrett
:
1,600
62%
10
127 Va Mar 24
110
4%
12.700
9%
6
16
2
Thompson Products
600
22%
10 %
Jun
8
Dec
2
Thompson
.
60
9%
62%
110%
107'%
40%
113
9%
48%
9%
'
-kr-k
•
16%
39 V8
J
-
'
■
*100
*112
9%
*56%
.
54 '
18% Dec
6% Jan
•Thiro
,
71%
■
•
1
r-f r-4 O
53%
900
29
70%
28%
22%
106%
20% July <
48% Jan
$2%
100
107%
a
12%
Apr
30% Apr
pfd-100
Producing—-
Thermoid Co
8oo
:
13
17%
59
48
—
'-.7
,.
,
r:
/■
-u
Apr
13%
-1
$3.60
190
17'/a
18
9%.
Dee
7%
10
Jan
■;
31
9
The Fair.
,
2.000
63
61%
'
62'%
21
'
9%
Deo
27
73 Va Nov
31
—9
(Theii—!——
Gulf
6%
21%
1067/8
47%
*61
7;
-•/
a—
*17%
57 Va
57
22%
*106
*
60
57
*22%
59
*111
•
■
60
17% July;
13% July19
Thatcher Mfg Co
360
17%
*12%-
13
18
59%
mm**
Feb
Feb
Texas Pacific Land Trust
104
*60%
*17'%
' '
%
—I
9%
Nov
109 /
~6
—9
_.
Corp.—I—
Texas Pacific Coal &
1.100
14%
14%
13%
13
'
'
*
•
'
r
-'
11% Jan
15%
_
Texas & Pacific Ry Co————100
,
.^2,200
*17%
*102
60
-
8
—25
Texas Co
t
■*} 2.100
59%
17%
104
17%
28%
6C%
17
*102
60
*59
'
17%-
58
*111
Mar
22
—1
Tennessee Gas & Trans 5%
70
;.>!%
17%'
,50
„4
28%
60%
16'A
104
14%
■'
x28%
Oct V
24
Aug 13
79
'
*17%
Dec
Dec
33% Dec
5% Aug 20
'25
r
No par-
Elec Prod's Inc
Talcott Inc (James)
400
12'/a
17%
...
61
14
'3%
52
-
VtMbTn
Jt •> J.
28%
58
%
12%
18
51
-7
■'
17'%
---
'
'
-
;' 22
24
'
1
-
15
'
L—i
Co
11%
109
10
37%
9
29
53%
38 %
13
59%
9%
10
1114 July
Jan
26
28% Dec
88% July
Jan )
9%
-25% Dec
34%
.
28%
Nov
Dec
39% July
Jan
*
•
1
106
85%
Sep
Sep
50% 8ep
3
,i_.
53%
38%
40®;
.
20% Dec
.
Feb
34ya
,
12%
55%
13
%
19
'
10
10
-
(The)
Sweets Co of Amer
300 '
Ji
33%
-
18
-
Sep
4% July
74% Dec
31
13-:
Oct
Nov
Oct
119% Oct
—100
38%
•„.
40%
27
16% Nov 30
."
—No* par
Superheater Co
4,500
37%
40 3/4
.
;
cum)—100
32%
—
68% Nov
33% July
116 "
33% Feb
Dec
57
38
38'%
15"
108
18% Jan -2
Oil Corp..
——
1—1
Sunshine Mining Co———,10c
18,400
134
37%
37%
40
24
Dec
Jan
2% Nov
;
27
45
10% Jan
Sunray
13,300 1
8%
32%
33
.
Dec
47
Aug
109
pfd...(4%*
27%
110
19
2
-No par
Class A
50
12
7 •»"
f6
Jan 22
10% Jan
2
Corp___—1
Chemical
64V* Feb
44% Dec
54.50 series"lA preferred—No par
123%
20%
130%
*36
Sun
Suu OH Co———
8ep
2
..18Va Jan r 2
Btudebaker Cotp (The)—,—„——T
400 1
38%. Dec
J
-
101% Sep
Webster——;—_—No. par
«fe
Jun
97
'
22%
130%
37%
Stone
33 V«
34% July 26
1
20
Dec?.
79% Nov
-
20
10 *,
22
Feb
Sep
13%
Jan
10
49% Dec
9% Jan
48
-
27
120 •'
34
/
Dee
Nov::
Dec
132% Dec
Jan
.
Dec
2
,
Jan
Dec
,
$3
29%
Dec
33% Nov
6
—.9
Corp—
Stokley-Van Camp Inc
5%
prior preferred—!
•
5.800!
73
8%
9
21%
131
37%
*122
123%
8%
400
109
*71%
71%.
*122
9
*107
109
71%
.
1,900"
17%
17%
17%
*107
3.500
•
9
90%
115'/a Aug 23
19% Aug 20
:2—5
100
-
Stew art-Warner.
6.600
30%
32%
•
*102
20%
131
11%
V4
21%
32%
22%
•
15
22
8%
13
*60
26%
22
122
13
28%
26 %
213%
71
40
50
26%
21%
109
32%
17'%
23%
26%
17%
38
—J&0—
23
21%
7i
57%
-
24%
263;
'107
41
*27 V8
23 %
23%
-
100
-
21
18
V
108
31%
37%
*108 Va
*106
106
106
21%
32
11 Va
106
Sterling Drug Inc common!
3% preferred _1
;_____
3
16 " '
23
56
:
♦The'. L 8—_—-No, par
SiarretVCo
v
36 V*
23
105% Dec
Steel- Spring—.,——1
Standard
400
42
23 %.
131
*17%
7.700
19
41
8%
*12 %
18%
18%
44%
nfOhlQ——.
Oil
preierred series A——100
3%%
16'
33% Jan
29"
,J—10
Standard OH of New Jersey.
.
28
May
22% May
49% Dec
2
-
.55
8
67% Jan
of Calif—
Oil
Standard
100
18%
Jan
.
ll4*'1
78% Jan
38% Jan
No par
Standard Oil of Indiana—!—-—23
2,200
*ioti % 107%
41%
18^;
23
12%
25
107
41%
71
32%
67
24'%
*42 V"
122%
*39%
66%
107
28
preierred—_____No par
preferred—.—-No par
prior
$.7 prior
76 *
14.'...
61
2
Standard
Feb
Sep
Dec
Dee
Jun
116
-
2
1,200
9.
115
10
2% Jan
$6
6,200
7% Aug
Jan
83 Va Nov
107% July 27
111% Jan
800
47%
Jan
5%
23% Dec
par
--—--..No
nrefftr»»d.-
44.50
4V*
99% Nov
Standard G & E Co $4 pref—No par
26,900
13 y*
3
44% Nov
9
20
Dec'
Nov
10
12% Mar 27
Jan
Dec
82%
12
Dec
76'-'a Jan
37'/a Jan
69
Jan
10
'39
12
/•58
3*YH Dec
Jan
5
95
2
•
Jan
40%
94 <■
Dec
20
24
-47 Va Jan
,
.
share
per
12% Dec
,.
Mar 27
27'/a Jan
No par
Inc—:
Brands,
Standard
100-
32
Feb
32
20
21% Dec
2
80
;
Coov -$4.50
5,800
113%
31%
116
18
'
48%
48
113%
33'A
24%
109
38
48%
114
31%
48 %
21'%
*50
47%
•113%
32%
*114% 120
132%
32%
*40
48%
116
263;
20%
31%
'
*114% 120
114
*110
117%
7% Jan
.
4pugei,.inc:—t—i.—
'j
370
59 %
59
61
59%
•115
"
116%
26
*36%
60
'
;
6% Mar 27
,
preferred-——NO par
2,800
%uare D Co
——
1
aqutbo iE R) Jtc SonS—^—NO par
xj.-$4 preferred/—-— —.No Par
•105
30%
*127
7,000-
95%
47%
23%
8%
21 %
95%
132
21%
22%
21%
95%
116%
41%
71
22%
95
; *106% 107 %
106
*122
21%
95%
100
79%-
*79
80
41%
42%
17%
22%
*79
49
18 %
42%
*107
79'/4
116
66%
25%
5,500-
132
24%
22%
400t
35%
48
107 %
*21
92 %
43%
35
116
24%
41
43
35%
90%
35%
132
48%
*105
80
44
90
31 Vi
41%
66
5,800
800
'*
*42
48%
128
*106%
24
91%
117%
115
41%
H% Jan
36'/,,
*113 '/a
48 %
Spalding (A G) & Bros Inc
—1
Wiimngton—_No par
6peai. 3Z Co—*—*—.
1
1
>5.5 J preferred—
„No par
Spencer" Kellogg St Sons——No par
Sperry Corp (The)
«_—!_ 1
Juicer Mfg Co_—i-—-—No pat:
<
93
Wghest
share 'J
per :
12'
43%
120
31%
30%
87% Dec
5
%
58
43%
115
11%
*88%
1,100
18%
"115
114
128
11%
18%
*114%
116
48
22
80 Va Jan
95
56
♦113%
Ilia
19
i
64% Jan
------—.-No par
21%
118%
116
11%
18%
Year 1944 J
share
o';>
nun-cum preferred
,_'__100
Mobile <fc Ohip stJc ,tjr etfs_;—100
Southern. Railway
79'/4
21%
56
11%
per
26
400-
19%
X
share
60% Dec
35 %
79%
95%
19%
per
Lowest
22
42%
35%
*115
20 %
X
■>%
..Highest
32% Jan
80
18%
*88
<
20%
20
Lowest
Par
5,600
93
*
91%
*78
84%
*91 %
11%
43 %
35%
58%
84
92%
18%
:
11%
18%
♦42
58
84
92
Range Since January 1
EXCHANGE
Shares
share
84
59
84%
20%
*92
♦16%
t per
share
93
84%
85
per
58
60%
59
59%
♦84
♦92
X
share
Range for Previous
■
STOCK
YORK
NEW
Sales for
the Week
Dec. 28
Dec. 27
Dec. 20
Dec. 25
Friday
Ihanday
Wednesday
Tuesday
M«iiw
Monday,: December 31," 1945
U 8 8c Foreign
$4.50
Secur
preferred.—.
U S Freight Co—
No par,
——No P«f
28
Nov
20
Feb
'
Number
162
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
4451
NEW YORK STOCK
LOW
Baturdav
.
t per share
112
per
share
$
200
*30%
t per share
*112%
114
113
203
*198
31 %
31%!
400
30a/4
30%
70%
70%
70
70
5% %
70
503A
51
52
50%
51
50
50 %
1,700
1VA
11%
11%
1134
12
11%
11%
1,700
*36%
37
37
37
36%
36 34
37%
37%
800
14'/a
14%
15
14
14%
14
14Y*
7.100
11
11
11
10%'
11
11
54%
55
." 53
53 "
53%
53 %
; 700
64
62
63 %
62
62 Ya
'400
44%
44%
6%
45
45 Ya
3,300
U S
6%
6
0%
7,000
06%
67%
•67
67 Ya
6,000
54
04
42%
42%
'
> 02
43
0%
6%
67 %
6%
0%
67%
67%
*171
175
*71%
71
*85%
68
173
173
'
87
*169
75
87
;>'•
87
*85%
80 34
81%
81%
82%
150%
150%
14914
150%
28 Ye
28 %
28%
29%
*50
*50
52%
173
*169,
-
#
<
75 >
76
*84%
*
81.Ye
-
>
29%
52%
14,700 Y
150Ya
29
/1.600
29
'
70
Mar
88
170
Jan
186
13% Jan
17
34% Nov
27
50
Jan
17
70% Dec
27
42
38% Jan
10
55% Dec
10
34% Apr
par
6% Mar 27
10
_
7%
Oct
51%
Nov
No
12% Dec
10
Dec
10
16%
Jan
33%
3
5%
9%
Sep
10%
Dec
37%
Jun
5
'
11% Jun
11
8%
Dec
5
30%
Apr
Nov
21
40%
Jan
45 V2 Dec
,
57
67
2
~l
Feb
Jan
2
27% Jun
15
25.4 Mar 25
7 % Dec
10
73Y2 Oct
19
40
Feb
Oct
18
130
Jan
10"
2
51 Ya .Tan
6
144% Jan
8
50
52
Jan
72
Jan
176
2
50
18
77% Dec
89
Oct
3
48%
J8
10
100
135% Jan
2
160
Nov
7
23 % Aug
46
Sep
7
32
Nov
10
5
50% Dec
8
preferred
non-cum
58% Jan 24
25
85% Dec
22
63% July
136%
48%
Apr
2%
Deo
27% Aug
Dec
May
44%
Deo
61% July
Dec
78
xll9% Jan
par
Deo
54% July
150
Dec
par
Nov
"4%
May
50 V4 Apr
No
;
,48
69
No
Co
Dec
Dec
28
46
100
-
9
Jan
Apr
Jan
Jap
var
4
43% July
16% Dec
39
35
_1
___
Dec
15%
20
Smelting Ref ft Min
U 8 Tobacco
9% Jan
Jun
Jan
Jan
8%
_10
1st preferred
non-cum
115
30Y4 Mar 26
7% Jan 23
1
U 8 Steel Corp.
Preferred
{
2,400
52 Ya
*50
11
18
No par
cl A
conv
share
per
Dec
No
Preferred
813i
-
150 Ye
150 '
29
U S
Highest
S
share
195% Oct
50
Plywood Corp__
8%
100
per
17
17 S Pipe & Foundry—.
U S Playing Card Co
2,000
S
22
Lines Co
Preferred
87
■
*50
,
'/e
81%
80%
149%
-
52%
45
174
75
84%
...
73%
72
Ye
10%
Year 1944
share
Jan
No, par
1U S Realty & Impt
U S Rubber Co"
53
Partic &
per
180% Jan
preferred
14%
U S
77
$
share
5
U S Industrial Chemicals
U S Leather Co
L 700
per
Lowest
Highest
_100
Mach Corp
conv
$
20
11
*00
Lowest
preferred
U 8 Hoffman
700
*10%
50
Range Since January 1
U S Gypsum Co
7 %
31%
30%
70
Range for Previous
STOCK
Par
203
*08'%
YORK
EXCHANGE
Shares
114
*198
NEW
the Week
i per share
.
200
*194
70
Dec. 28
112%
112%
313/4
*08%
Sales for
Friday
Dec. 27
$ per share
share
per
Thursday
Dec. 20
112
190
*
:
STOCKS
Wednesday
Dec. 25
Dec. 24
RECORD
BALK PRICKS
Tuesday
Monday
Dec. 23
AND HIGH
3211
Jan
'
7%
7%
13%
",11434
7%
13%
:
8%
8%
,13%
1143/4
X.-
14'%
13%
*115%
3,100
8 Ye
8 Ye
8%
United
Stookyards Corp
4
1
Jan
24
9
4% Jan
23
16% Dec
6
No par
.98% Jan
5
121Y« Dec
11
8% Dec
'
117
14% V ' >.* 14%-
.
115%
115%
.
■
118%
v
•
15,300
16%
118 Ya
■
y
;
United Stores class A
-
'i 4°o
*500
;
$6 conv preferred™.
6
4% Nov
2% Apr
76
5Yt
Oct
106%
Jan
Dec
-
22 34
.•
23
22%
8%
105
105
*188
195
195
42%/ 42%
8%
51
105%
*190
*48
,'51
108
-
;
23 %
V
:
-44%/ 44.%
■. •
110
188
195
>
J
'.'
31% v 32
31%
31
*20
.
21
*46
>
47%
23
;20
•«
23
*63
23
68
.
*103
20
'
110
41%
*119
,
40%
40%
79
*121
122
49
49
40
.•
50
v
)
48%r
•
40 %
*39%
.
175
3
Dec
7
25
42 %
Van Norman Co
Van Raalte
,400
-
*121
122
'
r
Y.
*82
14% Jan
•'■■••■
49%
40
175
/
■
/
*165
2,600
40
v
-
>100
18 Ya July
6
July
Jan
Jan
Dec
28
68
162
Mar
481/2 Dec
34% Dec
10
22% Dec
11
9
Dec
10
50% Nov
41%
Apr
16
;•
13% Apr
t
2
Mar,27
22*
Jan
48% May 22
Nov
81%
176
104
Dec
Dec
Nov
20
103
Dec
6
No
24V4 Jan
8
45% Dec
14
par
3% Mar 27
,
100
59 Ye Jan
Jan
51
Oct
Jan
85
Dec
Feb
85% July
21%
Jan
25 Ya Aug
3Ya
Sep
Sep
4
124
Nov
13
113%
Dec
20
38%
Feb
45V* Jan 25
55
Nov 21
37
Jan
36% Jan
23 V
23
43% Nov 23
33
100 *'
5Y» Mar
Jun
83
Apr
57
Sep 14
Jan
22
16
Sep
Dec
63%
11
118
100
41%
•
70
Dec
100
Preferred—
8% Dec
9
52
16
81
pfd—100
Detinnlng Co
71
23Ye July
14Ye Nov
Oct
12Y4May
28
90% Jan
Jan
9% Jan
9
86% Mar 26
9
Chemical
17%
28
24V* Dec 11
6
100
Virginian Ry Co
6% preferred.
I
175
32
100
dlv partic preferred
> Jr^lVulcan
—■
3Y4
31
Nov
200
9
Va El & Pow $5 pref
Va Iron Coal & Coke 5%
10
V
■
49
49>.
8%
>13-
10
Victor Chemical Works
,
>. Va-Carolina
21 Ya Jan
2.50
Co Inc—
Vicks Shreve ft Pac Ry
5% non-cum preferred
500
-
110
Mar 27
23% Aug 21
Vanadium Corp of Am__—No par
,
|
300
,
75% Jan/24
1
Vick Chemical Co
79%
i,i *161
*165
Dec
52
Jan
1
—
v
Inc—.
>10
••7%
0.
:,
*161
*165
10
9
5
178
1,000'
104
■
*40 %
40%
*39
/
*161
*165 > 175
90
'83
Dec
2
par
100
*
Vertlentes-Camaguey Sugar Co_6%
v.*7Y4
i"
121 >
121
2
39
2.900
>>79%
7%
81
Jan
0% Jan
par
No
.
preferred:—
Universal Pictures Co
?100
69
*103%
o'
1.500
22% < 23 Ye
104
-j
,0
*73%
*82
?161
f
■
1.800
47
-v
*66
—
7%
79
84
j—
;
1
*40% k 42%
7%
"7%
T
>30% *?' 31 %
i 20'' -
r
V,47
*103%
•
122
*82
49
68
68
*103
.
7%
*38%
70
*103
80 >'
*
23
*103%
"
41%
"*7 Ye
*78
.+'
16
1
No
8%
•
4,300
>>20T
19%'.-. 19%
'■*46%/: 47%
22%'«'"122%
•;
47%
*65
110
*103%
:
3034 >'-31%
C 21
*46%
'■
1
Inc
—
Universal Leaf Tob
80
i
Laboratories
Preferred
,
•
188
44%
iv
44
Universal
900
8%
51
110
••
t
•
Universal-Cyclops Steel Corp
;
"
8%
*48
108'
*188
..
44%
431%
V
23%
8%
2314
8%
*48
52
"100
/*:
233i
8^4
-
8%
'48
*22
50
62% July
120
Aug
63
Nov
45
Dec
38% Nov
120
2
165
Dec
10
102
Jan
125
Oct
145
...
Mar
Mar
5
173
Dec
17
149
Feb
155
July
68
Dec
W
*75"
;
76
19
39
19
V*
*75
19%
19%
13 Vb
13%
14%
14'.a
*103%
104 %
97%
14%
14%
104Ya
31%
31%
19%
20
30%
30%
42%
14%
14%
35%
•
30%
r
30
42%;':-
43
:
15
35 Ya
34%
35
35%
35
*112
113%
*112
113%
*112
*117%
118%
*117%
*111
112
*117%
118%
*117%
118
*37 %
37%
37%
38
•112Va
114%
*112%
*37
37%
38%
38%
*58%
50
58
58%
12
*86%
111
11%
11%
11%
29%
29%
*28%
53
89
89
53
53
-36
36%
'
35%
36
42%
36%
42%
42%
105
44%
*39
105
*69 Y*
75
107
45%
46
100%
*105
37 Ya >38%
'•> 37%
35%
143
43 Y«
t-
39%
38
.,
105
>
104%
.
u
*69%
105
47%
45%
101
lOOYa
100%
*100%
29
29%
29
39%
39%
15%
40
15 Ya
*88
34
34
—
d*
•
•
w—
•
104
*
V
105 %
101
40%
40
*32 Ya
32%
34
2,500
,
34
f
11
11%
11%
11%
11%
11%'
11 Va
1,700
22%
22 Ya
22%
21%
22 y4
21Y2 '■
22 V*
18%
18 Y4
18%
18 Ya
18%
18
18 y4
21Y4
21%
20 y4
20%
1,200
101
*101
%
21
*138 V*
35
36
36
36
49%
50 Ya
49%
49%
62%
62%
62%
63 Ya
95%
95 Ya
*94%
96 Ya
*93 Ya
36
96
*94
96
*91 y8
95
91% :
79 Ya
81
22%
<92%
*79%
22 Y»
*45463/4
46%
22 Ya
22%
22%
28 Ya
28%
29 Ya
66
23%
.31
60
*92
*93%
22%
*44
62 Ya
94 y2
44%
,
-
*78
'22
46 Ya
*44
1,100
July
110
Dec
103
40 % Dec
28
Dec
12
26%
Sep
4
33/4 Dec
Feb
Dec
61
37 Ya
Apr
Dec
30 Va Jan
2
57Ya July 10
29a/4
Dec
,64 Y» Jan
2
92
65
Dec
66%
;
50
43 Ya Aug 21
26Y4 Jan <6
27% July 18
31 Ya Aug
7
37% May 12
12.50
.303/iJuly26
27% Feb
100
Oct
3
31
Jun
27
56
35
Oct
Dec
41
38Y4 Dec 27
53% July
Jan
31 Y» July
21
15
Feb
22%
Oct 15
Apr
31 Ya
Dec
37% May 17
50% May 17
45Va Dec
10
29%
Dec
36 Ya
Dec
11
25%
Jan
32
July
105 y4 Dec
17
77
July
Aug
43
Dec
100
19
59%
Feb
Jan
104 3/4
31% Jan 24
107 Ya Jan 15
47% Dec 26
97 y4
No par
No par
20 Ya
Feb
32 Ya
87Va Jan
24
103
Oct
15
66 y4
Jan
92 Y4
20
21% Jan
9
31Y4 Dec
10
18
Feb
22
1
,26 y4 Jan
20
Feb
1
.8% Jan
3
18
Dec
6
5
Jan
29% July
9% July
par
83% Jan
15
94
Jun
15
x64Ya
Jan
87 Ya
Oct
30
23
35
Oct
17
Jan
31Y»
Dec
12
Apr
July
'The S S)
No
preferred—
Wilcox
Oil
>
100
20
—:
Co
5
Motors
preferred
6
24
Dec
10
Jan
9%
26 Y4 Jun
25
6
Feb
20 Ya
19% Nov 19
8
Jan
15
103% July 12
22
Dec 10
HYa July
99 y4 Nov
13% Jan
128
2
Jan
30
22 Y4 Jan
10
Co
47 Ya Dec
Dec
Dec
July
2
6% Mar 26
97% Jan
10
pfd—100
Co
Feb
IOV2 Jan
—No par
Co
Jan
22
78
16% Mar 26
-
1
No par
(F W)
64
Jan 19
101% Aug 21
30
138% Dec
80Y4
7
37
Jan
IOV4
Jan
123
14
Nov
4%
19%
14 y4
Sep
125
July
Sep
Apr
24
July
40% Jan
24
50% Dec
6
36%
Jan
443/4
38
Jan
15
70
Nov
5
20%
Jan
41 Ya
Nov
79
Jan
3
100
Nov
1
473/4
Jan
82 y3
Nov
80
Jan
5
100 Y4 Nov
75
Jan
24
110
69YaMar
9
84
-Wtr>
Tr
10
/nel>
No
Wyandotte Worsted Co
ofl"
B
.13
Jan 22
8.000
n New StocS
28
ey4 July
2,800
tin receivership : a Deferred delivery,
16% Jan
118%
iey4 July
81% Dec
11%
11 Ya
103
Jan
413/4
N
Apr
Apr
Jan
\ 41 %
•
85 Ya
113%
7 Ya
20
.
20
Dec
3%
VonngRtpwn
11%
Dec
112
18
2,400
.41%
113
18
4,700
11Y4
Feb
14% Jun
253/4
41%
96 Ya
373/4 Jun
66 Ya
11%
Dec
15
2
25 Ya
42
102 3/4
22
; 653/4
11%
Jan
1183A Dec 10
'
83
4% Jan
"
19y4 Jan 17
39 Ya Jan 22
40%
Dec
16
13Y4 Feb
;
100
Toung Spring ft Wire
:
No par
Foungstown Sheet ft Tube—No par
11%
13
Fork
40 %
sales on this day
27
400
11 y4
no
Dec
1.600
393/4
prices;
3
3.200
26 %
asked
17 V4 Mar 27
323^ Jan
45 Ya
663A-
and
:
30
66%
28
1
23 y4
26
Feb
118 Ya Oct
10
30
67 Ya
Deo
18%
Dec
Jan
22%
26%
Jun
85 Ya
113% Nov
8
23%
66 3/4
25Ya
Jan
115
Jan
31.
25 Ya
103/a July
Jan
37
26 :
22 3/4
25 Va
Jan
77
Wr<B-i«T
100
22
6%
22%
2
Nov 28
Worthington P & M (Del) ...No par
Prior pfd 4Ya% series
100
Prior pfd 4 Ya % Conv series
100
Wright Aeronautical
No par
60
80
7
38 Ya Nov 21
106
No Par
White Sewing Mach Corp
$4 conv preferred
Woolworth
300
93
,
16% Dec
Jan
89 Ya Nov
May 10
30%
66 3/4
•Bid
Instrument-,
Woodward Iron
95
*92%
••
22%
24%
-
Elec
Wilson-Jones
7,700
1,600
95
*93
95
92%
80
Ya
Dec
6
100
Wilson & Co Inc
500
50Y4
61%
49%
61
81
22
50%
37 Ya
Dec
31 Ya
Dec
"
Wisconsin El Pow Co 6%
-36
93 Ya
,
91 Ya
*77%
49%
36%
22 Ya
23
12%
Willys-Overland
*138 y4
—
15% Apr
5
40
4
$6
21
*138-
22
*
*101Y4
20 V*
20
*138
8
47 Ya Dec
3
113% Sep
7
22% Mar 21
No par
Prior
9,400
-
33% Dec
Mar 26
101
1
White Motor Co
;
10,300
18
Aug
109% Jan
—10
Wheeling & Lake Erie Ry
5YaY«» conv preferred
,
100
22 Ya
25
July
■
10
10%
Apr
lOOYa Jan '8
$3.75 preferred———No par
3,900
16J/8
90
*33%
-■
Inc—
B
39%
40
22 Ya
par
Teleg class A_No par
White Dental Mfg
:
Dec
Dec
32
100
2nd preferred
non-cum
140
-
36 Ya
23% Mar 26
—,—___
300
*88
Apr
Feb
2
Supply Co
Maryland Ry
30
,16
16 Ya
88
*33%
A%
Weston
"50
1,600
22%
12
No par
Wheeling Steel Corp
$5 conv prior pref
40%
16
88
-
46
11%
6
9
100
Lines,
15
8
100
Pap Co
Nov
Jun
5
3
Jan
pfd
Nov
21% Nov
24
—
-
Dec
50
100
Westvaco Chlorine Prod
200
'C
35% Dec
1
4%%
.
15
105 Ya Dec
84 Ya Apr
J
100%. 100%
.
5
Preferred
210
s
par'
Westlnghouse Air Brake——No par
1,000
.
2
No par
Westinghouse Electric Corp!
670
Ya
Air
-
Mar 26
No par
*29 y4
■»
No
Auto
Western Union
6,400
107 Ya
45Ya-
46% '
293/4
90
42
104%
913/4 Oct
13
■
108 3/4 Nov
Nov
29 Va Apr
9
143/4 Aug 21
24Y4 Jan
2
par
Western Pacific RR Co com—No par
Preferred series A__4.
100
21.100
40
Ya
8% Ocr""2
5
preferred
% Class
K *70 :75
75
105
29%
*88
"
*38
Sep 15
8% Jan
2
5
Corp
Power
va PUip &
Western
.
35%.
44%
,42%
-
38
105
10%
Inc___
preferred
preferred-
Western
;
600
37%.
43%
x20
Jan
No
Rights
r
1,600
32%
35%
v
29%,
16Y4 ,16%
90
363/8
.68
Jan
7%
Pipe
Indies Sugar
6%
4,700
■:
75
107
47%
...
/•
Ya
443/4.
41% it42-%,
,
*69%
*105
-
36%
42%
39%
49
.
Feb
17 y4
Pictures
Tobacco
Western
1.400
88%
:. *31%
Webster
8,600
:
,
52%.
.
48
24
19
•.
par
1
30% Jan
-
'700
.
28
14% Dec
3
16% Dec " 6
61% Mar 27
par
No par
20
6%
3,400
52
Dec
20 V2 Feb
No
Aug 21
5
7%
1,600
3%
:l 88
101
W
105
1
West
29%
"
Washington
'
,11%
50
X105
Corp
Gas Lt Co
West Penn
11 y4
89%
28
Petroleum
<
28 Ya
*31% -.32%.
•38
43
>
>
Warren
80
>
52 Yi v53,Ya
32%
36 y«
-
43
*104%
•
Deo
llOYa Sep
No
Bros
West
20
,
3434
48
-49 4
*88%
:,
;
Ya
G &
Fdy &
800
<
55 Ya
11% >U%
(Hiram)
Warren
]; 40
56
31 y4
Baking Co new_____.
5% %
preferred
——100
>40
112%
-
Apr
Ward
■
1;
•
Deo
26 Ya
WeBt Penn Electric class A ..No
38 Va
33%
,/ 3 Va
3%
57%
*28% l= 29Ya '*
sg
53%
■
14 Y«
7
Wesson Oil & Snowdrift
10,100
<■
112%
33%
-,3 if
56 !'■
si-
*31%
532%
-
118
Jan
Dec
$4 conv preferred
112
■
38 %
r
'
1,200
113%
118
Jan
10%
42
Waukesha Motor Co
.
2,900
35%
*111
Nov 19
Dec
4
30 Ya Jan 24
Wayne Pump Co
800
.
[>,117% 117 Ya
114 Ya
■
50
33
*112Ya
14 % : 14%
33%
34
88 Ya
•112:
111./.
117%
<•
400
43
*86%
35 Ya
117%
.
-
V
'•■38% >38%
30%
88%
;
117%
114%.
52%-
14%
.•8aYa
35%
113%
,.111
Ya
/
.
-
200
;
;
300
Ya
78
20
par
100
Warner
400
,*30% >31-.30
•30%
>*42%
117%
118 Va
111
?
34%
<
19
Sep 17 '
13% Jan 10
40
par
No
preferred
Walworth Co
:
;160
13,400
32%-
100'
"
64
.No
4Y2
Dlv redeem preferred
■-
1,400;
48
<.*.19%
'
,
43
14 Ya
88 Ya
31 Ya
*45
-
30
•:
•
>34%
■
'86
*31%
104%
20
88 Y«
*49
103%
45 •'
>
32%
30Va
35 Yb
33%
14 %
104%,. 1041-a
'
:
>.,14%
Walker
,.5,400
45
42%
•
•
RR
System
Walgreen Co
4% preferred
»3,200
5
400
13 = 8
31%
30
-
20
•?19%
48
31
101
13 Ya
i"
>
20
32%
*30%
20
14%
20
Waldorf
800
108%
Wabash
'
600
13%
•13%
20
*30%
14%
100
"
13%
Y 104%
20-
35
98
19%
19
*107
,
,500
39%
•-Y39%
108 %
Y4
-.75%
.19
*45
*19%
*86
108
■y 14%
31%
-<
' 109
19
39%
19%
46
*42
19
<13%
>-i T
:■::: 75%
75%
39%':
:
96
*44
30
40
*107
96 •
75%
19
39%
109
95
31%
76
-
*18%
.
'39%
*107
■:
faie
ft
Aeulch
1
Towne
Corp
Mfg. Co——
-
Pteel
Door
Radio Oorp^,--
*
No
par
No
par
Special sales
•
24
13 ya Jan
1
.1
*nn1k»
323/4 Jan
20
—
13
Mar 26
34 y4 July 26
53/4 Jan
wd When distributed.
2
49
*
473/4 Dec 11
24% Oct
9
31Y4Dec 12
70Ya Dec 10
27% Sep 19
913/4
Dec
Apr
74 Ya
Nov
13
-
84
Jun
68
7
Jan
69%
13.
Nov 19
Oct 15
23% Dec
Dec
14
Deo
Nov
27% Mar
9Y4 Apr
36% July
15% July
14% Jan
33Ya Apr
13
Jan
20% July
423/4 July
20% Dec
44 %
44% Dec
8
333/4
Jan
123/4 Dec
4
3%
Jan
t^Ex-dlvideDds.
Oct
y Ex-rights
/
July
6% July
& FINANCIAL CHRONICLE
THE COMMERCIAL
3212
Bond Record
New York Stock Exchange
«»
FRIDAY
WEEKLY
-
the
the column beaded
Income
for
interest"—except
"and
are
Italic letters In
The
"Interest
RANGE
BONDS
S.
Treasury
,2
1947-1881
1846-1958
3 V# s—
Treasury
3s
1846-1948
.....
J-D
J-D
J-D
1951-1953
___
Treasury 3s
M-S
Treasury
1955-1960
Treasury
1948-1951
27/#s—
2%s__.
Treasury 2%s—
Treasury 2%s
1951-1954
1956-1959
2%s—
;__1958-1963
*
I
-
Brazil
High
103.20
-
2%s—
.....1948
M-S
2%s__.
2%s—
2%s—
Treasury 2 Vis—.
1949-1953
Y3%s
112.17
114.25
No.
'3%s
Series
No.
/3%s
Series
No.
Series
No.
3%s
Series
No.
3%s
Series
No.
Brisbane
106.6
Series
(City)
s
116,16
107.15
9116.31117.1
J-D
*104.15
106.11
107.25
106.28
1950-1952
M-S
*107.9
107.11
1952-1954
M-S
*106.26
106.28
105.19
105.24
1956-1958
M-S
*109.12
109.14
107.1
108.15
1962-1967
J-D
*103.5
103.7
100.28
103.4
] 863-1068
2y2s
.....June 1964-1969
Treasury -2 %s—
Dec. 1964-1969
Treasury 2%s
1965-1970
Treasury 2%s
....1966-1971
Treasury ?yas __
June 1967-1972
Treasury 2 Vis—
Sept 1967-1972
Treasury 2 Vis—
Treasury 2%s— .........Dec 1967-1972
—:
1951-1953
Treasury 2Vis—
J-D
*102.15
102.17
100.18
102.17
100.17
102.9
Treasury
Treasury
_____
;
Treasury 2%s
Treasury
_.
.....
101.26
100.18
102.3
ll.June
i_
Treasury 2s
Treasury
2s
2s——
2s
2s —
2a.
1951-1953
100.18
100.15
101.12
100.18
100.27
102.15
102.26
102.3
102.9
102.27
M-S
—.1950
—
102.10
*106. 16
—
101.23
New
103'A
-1977
1960
A-O
1961
J-J
of)
3V4s
3s_
.1967
Jan
(City)
1948
15
15
8s
■ -J
,
104.6
10L23
101.19
»•103
24
24%
A-O
1961
F-A
1961
F-A
196i
1961
•
-I.
fund
1963
1928
of
1927
external
Oct
sink
IJan
f t
i
bonds
1961
J-J
1970
•*77
A-O
*77
4s_—-I960
tKing of Norway)
Akershus
P-A
1948
.1947
1952
-1945
A External s f 7s series C
1943
A External s f 7s series D
1945
A External s f 7s 1st series——1957
A External sec s f 7s 2d series—1957
A External sec s f 7s 3rd series—1957
External
s
f 7s series B
J.J
f
conv
loan
4Vis
loan 4s Feb—.
—
loan
4%s
external
debt
Al!<i .1949
1977
v
''
"
!
,
99 V i
99
103
M-N
101%
M-S
m
'
w*"
A-O
.1-71
A-O
r69
'
>
'•
>69
Vi
119
103
V
103%:
••
a
100
100
stamped pursuant to Plan A
(Int reduced to 3.5%)—■.
1978
6 % funding bends of 1931 •
Stamped pursuant to Plan A
;-f"
(int reduced to 3.375% )—1-1979
60 M
A-O
105Vi
>
A-O
[/.
"
1-69
>,
*60%
J-D
j
'
159 V2 159'%
96 Vi
99
*98% 101 *•;
98%
-■"•
1
112Vi
11*
154
72
2
VY
110
110
105%
105 Vi
110 % "<;■
59%
.73%
53
69%
57%
72
607#
7
52
70'/a
8
57%
99%
29
100
lOOVi
>'•'3
80
96
96 y«
23
52
77
1940
sink
series
1st
fund
5%s
,<
.
.
Estonia
A
'
J-J
1949
M-S
*112'/#
1949
paid
paid
J-D
—
100% 101%
-
'v;
.
100
*50V4
68
*60%
■
64
'
44%
60
106%
112
101
__
101
s
Free State extl
AMedellln
Mendoza
Mexican
8
f 5s
(Colombia)
4a
(Prov)
5s
of
44
'
A-O
__
;
-_
*95'%
*104V%
17%
6%s
5.
12
17
100
A-O
1954
readjusted
Nov.
to
18'%
16
J-D
31
15%
A Assented
to
5,
82%
95
•
100 »/#
103
12%
31
30
100
94
69%
64
'
/•'-i*
A-O
52
66
64 Vi
643i
3
52
30%
M-N
agree
1945
Q-j
No.
1-
%s
Series
No.
2__.
64%
05
3
64'i
4
52
Q-J
*18%
18%
*17
16
*12%
•411%
_V
agree
10%
For Financial Institutions
FOREIGN
2%s
Series
No.
3
3%s
Series
No.
Series
No.
Series
No.
6
Series
No.
7_.
i%s
Series
No.
8
3%
Series
No.
9
Series
No.
3%s
3%s
Series
Series
No.
10
3%s Series No. 13
3%s
Series
No.
*61
63
61V*
63
60
74
53
2
__
1
79
52
68%
51%
66%
51%
62 V#
9
51%
fifl
62%
62
62%
8
51%
67%
61%
61%
1
51%
67%
'
50 Broad St. New York 4, N. Y.
66
62
Series
No.
15
3%s
Series
No.
16
'
footnotes
FOREIGN SECURITIES SPECIALISTS
77
52%
—l
__
see
page
—
3216.
61%
;;
78
14
,3 a4s
Pon
rABL MARKS &ra ma
79
51%
52%
1
-
77
.
61 Vi
-
'
68%
82
78
77
*61
—
12IIIIIIIIIIIIIII
i
67%
52
.
78
.*75%
No.
■35*8
52
SECURITIES
.
•
FIRM TRADING MARKETS
68%
5
■
•
*75%
-
52
12
64%
65
*71
3%s
**Y.s
2
64%
5—
8
65
64 Vi
v
4—.
3%s
65
..
Telephone HAnover 2-0050
100%
12%
14%
68
.
•
34%.
*20
*96
68%
64%
.r>w
.
Series
27
'
j-d;
1945
—
1942,
102
17%
-.1043
1899.—.
Nov.
23%
96
J954
1942,
25
14%
1
'
M-N
(OS) extl 5s of 1899 £
A Mexico
17%
100
17
7s___T(57
Irrigation—
stamped assented
Assented
18%
A-O
„!B60
(State Mtge Bk)
Jugoslavia
&'t«rnal # bonds of 1944 (Plan B)—
s<j%s
<
'
1964
—1968
73%
54
—
102%
__
*101
f 6s seiles A
1952
(City) ext 6%s——I960
(Republic)
A
*101'%
Government—
part
.
A-O
1967
;
unstamped
part
Irish
*101%
1969
(RepubllQ of)
*101%
A-O
.
,,
*
*63
—
97%
A-O
M-S
1969
series
,
J-D
99%
101%
101 %
96
66
59%
—
115 V#
.115
81%
72
63'i
160'/#
'
74
101%
Helslngfors
100 Vi
73
I
108
105 Vi
*112'%
101%
A6s
;t
70%
60'/b
r69
;*
111'% 111%
100'/#
Haiti
*: l
■'/'" 1
92
41%
*101
A7s
t
107
70%
96%
70
A-O
7s
V
I
;31%
1940
Greek
7
99%
107%
,
72%
13
"
37
110
*108%
100»/2
,
*101
7s
French Republic 7s stamped
>•'
.
103
,.
li
M-S
-
5%s 2d series.^
95%
r71
95
36'%
98%
Vi
A-O
AAssentlne
A External
./Stamped pursuant to Plan A
/>' (Bit reduced to 3.375% )_—1979
A 7s (Central Ry) ——i
1952
5'is
F-A
51
>42:i> 51 ;;
*106
C
59
51
41'%
'
96'%
*93%
37
*
J-J
51
33 Vi
100%
72
,
,-•,*
'
J-D
48%
1942
A4%s
r
81%
24
41%
96
F-A
194S
33%
90 Vi
*111%
81
69
59%
.1962
.5'is
105 Vi
105
gold
r96%
J-J
1955
-
fA2d
90
13
22%
39 y#
68%
>
51
96 Vi
Customs Admin 5%s 2d series— 1901
99%
;;.15
20%
16%
*50
159 Vi
33
37
104
17%
Rep Cust Ad 5 Vis
§ A 1st series 5 Vis of 1926
107
*104
22%
26
*50
J-D
20-year extl 6s
External gold 4Vis
12
997«
101V4 1013i
V
_
J-J
(Int reduced to 3.375% )
1979
s f u%s oM927—1957
8
2
"5
34
58%
A-O
37%
95
74
997s
99 7
22%
22
17%
itU
*81
A-O
IA Dominican
100Vi
1
19%
19 Vi
19%
58%
ser A. .1951
37%
86
.155
/,
rl9%
.
.1945
series
30
.
1
106% 107.
M-S
1957
bvis of. 1926
^Stamped pursuant to Plan A
101
■:
107
J-D
« 1
115
1
22%
22 y4
17%
17%
*81
B——. .1952
(Rep of) 8s
30
2
.
102% 102 7i
F-A
1941
^External
5%s
34
12
,
30
A-O
.1953
30
.101
J -J
Stamped pursuant to Plan A
'•
(Int reducea - to 3J5 % )-——1978
lABrazil (O S of) external 8s^
34
115
J-D
f 7s—;——
1
37
36%
SI
.
30
J-D
s
wks
Extern.il
38
30Vi
30
M-N
—1955
External
35
30
A-O
M-N
f external 4 Vis—
g
2
12
M-N
98
36Vi
22
18
20'
M-S
Rica (Rep of) 7s
(Republic of) 5s of 1914
i A Denmark
38
*30
A-O
1948
1971
8 f extl conv
1972
8 f extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5s of '25-1955
External 5s of 1927.;
1957
External g 4Vis of 1828
——1958
Belgium external 8Vis1949
External s f 6s—
1955
S
79
35
36 Vb
36 34
A-0
J-D
(City) external 5s
5
4
37
J-J
1958
Argentine (National Government)—
A Antwerp
97%
36%
36Ve
J-J
A
36%
22%
17%
•
2(j
•*31%
M-N
.1949
,
97%
J-J
23
21%
17%
21
M-N
.1946
.1951
76
36 Ve
M-S
1945
coll 7s A_4
(Dept)
AAntioqula
20 V#
21
•
Z-
J-D
ASinking fund 8s
76 y2
62 Vi
■
24%.
18
r6
20'/#
-F-A
Externa)
61
—
*
20
20
A-O
-
.1953
1-1603
.
24%
20 y«
A-O
A Czechoslovakia
fund 6s—
24 y#
18%
17%
5
17%
A-O
Cuba
V..;;
—1947
sink fund 6s
AGtd
17%
1
12
20
19 %
1961
••■-
20
•*—-
rl9Vi
.1947
A Public
AGld
23%
21%
20
20'/#
J-D
ACpr.ta
(Colombia)—
24%
21%
*22
M-S
Copenhagen (City) 5s——
25-year gold 4%s
Municipal
24
17%
21%
25
18%
21%
"
M-S
►
25%
17%
••
(Republic of)—
of
4%s
&
,,r
21%
21%
M-N
.1981
5s
Sinking fund 5Vis
Govt.
16
.
18%
'
M-N
.
.1960
.1960
(Hukuang Ry)
,21%
'
213i>
A-O
.1969
25
20
J-t>
! .1969
assented
24%
21%
A-O
1961
6s_.
17%
%»>22
J-D
1961
assented
35
-J-D
1961
Chilean Cons Munic 7s-
21%
21 %
J-D
1957
6s
24%
21%
M-N
1961
assented
18%
'
18%
*
M-N
1957
-
•1
A-O
1963.
6%s
22
A-O
1989
sinking fund 6s
22
M-S
1969
assented-
16
"
21%
J-J
1961
Sep
21%
%
•M-S'
196T
_8ep
21%
•
21
18%
17%
J-J
-
ASinking fund 7s of 1927.—
foreign
70
22%
-
Mtge Bank 6V2s
ASinking fund 7s of 1926—
Agricultural Mtge Bank
36
5
sinking fund 6s
A 6s
NY
65
M-N
»%
A6%s assented
38
Broadway, New York
'39
105'/a
21%
A Colombia
120
102%
103
103
A 105%
A-O
assented
A 6s
REctor 2-2300
'
j-j
101%
103
Jan
Colombia
T eletype
106'/«
104 %
101%
17%
es
AChinese
Wertheim & Co.
102%
*104
*101 %
*103
Jan
f
s
Guaranteed sink fund
a 7s
110%
18%
assented
■»A6s
106%
6
6s
AGuaranteed sink fund
a
*110% 112%
Feb
fund
assented
a 6s
111%
21%
Mortgage Bank 6 Vis.
A6%s assented
.
83
109%
%
A Chile
A
97%
110'% 110%
-I960
a Extl sinking fund 6s
A6s
110 Vi
63
21
assented
A External
95
82%
83
Feb
sinking
a 6s
-*74%
10
M-.V
assented
•
94 y#
80%
1960
a68
external
954
-1949
Extl
A 6s
95 Vi
J-J
7s__.I-1949
f
s
94'/#
80%
•'
95%
•
95
80%
23
98
,
J-J
■
'
External
*92
J-J
1958
A
r:
-95
•
5
J-J
,,
*
1953
Jan
(Flep)
15
Jan
2
External sinking fund 6s
106.12
100.26
Members New York Stock Exchange
•
30-yr 4s
—
37s assented
■■
Telephone
110
J-J
A Chile
City
York
UnWtcatirm Issue—
Corporate Stock—
100 l/a
__■'•
.*95
.1984
ASinking
Transit
*102%
J-D
Jf-S
bonds
a 6s
100.13
101.18
103%
M-N
A External
101 9
•
103%
95%
-J 978
A 6s
106.12
106.30
97%
A-O
104.4
*106. 28
103%
103%
-1970
ACarJsbad
103.1
100.17
*101, 21
__
—
J-D
103.1
el04 ,10el04.10
elO4.10
.
104.8
103 Vi
*101 Vi
'
f 4%-4%s
(Dom
68
M-S
F-A
-1950
3s
103.30
104.11
53
.1957
92
25-year
103.16
100.25
*104 6
67
61%
ii-
ee
94%
103.8
103.13
103.30
*104. 9
517/#
-
-1958
6s
external lit
68
52%
93%
s
63%
62
•
61 'A
-
-
•
67
52
51%
.i»
«•■
-Y
63
62
67%
51%
11
91
AUv
103.17
68
63
>61
29
;
68
51%
■
63
'
*61
30__
51%
151%
62
-*61
28
•
92
Canada
103.5
102.21
61%
t 5s
'
63
93%
102.26 102.26
103 30
__
J-D
J-D
103.7
*103 15
J-D
1953-1958
102.20
*103 II
103.30
:
J-D
—June. 16 194»
103.16
103.3
*103 5
M-S
63
,■
62
F-A
104.24
101.29
62
*61
a
104.24
103.9
66%
M-S
103.28
102.4
*103 7
66
52
*61
_19B1
30-year
2%a
*103 .14
—
51%
—-
—
f 4%-4%s
3s
*103 I
.
M-S-
Dec 15 1952-1954
IVi*
Treasury
105.24
*102 .13
—'
J-D
Treasury 1 %s
108.21
105.1
*102 .2
'
J-D
1951-1958
2s
2s
Treasury
Treasury
108.21
100.27
100.18
'
June 15 1952-1954
_
109.2
*105.22
M-S
Sept 1950-1952
_
105.18'
*109
—
66
61%
63
61 %
-1970
3%
i
J-D
March 1950-1952
Treasury 2s.
*105.16
—
—
J-D
.—Dec 1949-1951
...
107.26
107.12
•
M-S
Jun 1949-1951
......
106.29
*107.10
J-D
...Dec 1948-1950
.....
101.12
101.12
J-D
..1947
.Sep 1949-1951
2s_—
2s
2s
Treasury
1959-1962
100.23
108.13
J-D
-
107.28
101.1
J-D
68
•51%
External
101.24
100.30
24
51%
63
*61
26.
gold
67
62
62
—-
(Province of)—
s
High
V
59
Refunding s f 41/4-4Vis__
External read) 43/a-4%s__
100.20
10
elOl.10
fund
January 1
Low
High
63
:
stamped
External
*108.11
101.12
M-S
Mar 1948-1950
...
101.3
M-S
J-D
1959-1962
..Dec
Treasury 2s
Treasury
elOl.lO
J-D
J-D
Treasury 2 Vis—-
Treasury
*101.24
A 6s
102.2
M-S
Sinking
Buenos Aires
Sold
-
Sinking fund gold 5s
102.7
100.10
J-D
—
Treasury
100.15
101.30
—
.1956-1959
Treasury 2YaS—
Treasury
102.3
*101.27
...1954-1956
2%sl_~
Treasury 2 Vis
Treasury
102.6
*102.1
M-S
J-D
2Vis— ,__.™___^_1952-1955
Treasury
Treasury
Treasury
*102.4
J-D
"
Range Since
Bonds
No,
27
''
104.17'"
*106.9
•
—!
23
113.30
113.2
115.14
Range
Friday's
*61
,4.
-
22
No.
Series No.
113.20
112.21
No,
Series
3%s
3%s
112.10
Series
3%s
:
,
-*61
21
110.15
or
Bid & Asked
Low
20
Series No.
106.11
Sale Price
19
3%s
105.14
108.27
Week's
Last
Period
18—
3%s
100
114.25
104.9
J-D
No.
3%s
111.27
109.15
*115.12
Series
103.19
>114.24 114.26
■v.
No.
111
Friday
Interest
Exchange
17_:
No.
Series
103.19
*104.7
J-D
Series
3%s
'
'
"
(Continued)-
No.
3%s
.
111.7
114.25
bonds
$
aeries
*109.13
M-S
External
109.24
Stock
/Continued)
•
103.27
101.14
2
101.2
114.25
M-S
Treasury 2 Vas—
Treasury
Low
108.26
*101
J-D
..1960-1968
Treasury
No.
100.30
el01.2
''•__>:• 0111.5
M-S
.
New York
106.13
*108.24
...
28
BONDS
106.8
106.6
eiOl.2
eiol.2
f
DECEMBER
January 1
el00.19el00.19
el00.19
ENDING
Range Since
Sold
High
Low
■
M-S
1946-1949
1949-1952
3V««—
Treasury
;
AO
WEEK
Bonds
Friday's
or
Bid & Asked
„
3%s—
Treasury
Treasury
Sale Price
Government
4V.»s—
Treasury
Last
Period
V.
FOR
Week's Range
Friday
■
Interest
Exchange
Stock
York
New
3%
245
YEARLY
-
Cash and deferred dellTary sales are disregarded In the week's range, unless they are the only traaeaeUesus of
In the week In which they occur. No account l« taken of such sales In computing the range for the yea*.
Period'" Indicate In each case the month when the hand* mature-
and defaulted bonds.
week, and when outside of the regular weekly range are shown In a footnote
NOTICE—Prices
Monday, December 31, 1945
)
Teletype N. Y^ 1-971
12%
11%
21
'
18
-
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4451
162
NEW
YORK
RANGE
BONDS
•
Exchange
Stock
York
"r
,
Friday
WEEK
Last
Sale Price
Bonds
Friday's
or
AAssented
Nov.
to
lAlreaaury 6s ol
A
Assented
Minus
ASec
1913
Nov.
to
(State;
ueraes
external
5,
..1954
assent-.
13 Va
10%
High
10%
45
13%
14%
J-J
"l
14%
*22%
agree
18%
12%
17%
22%
38%
14%
18%
Railroad Reorgianization Securities
13
9%
16
22%
*18
47%
...'
*19%
PFLUGFELDER, BAMPTON & RUST
—
I 6V2S___
s
1933
..
1942,
RECORD
DECEMBER 3»
January 1*
Low
10%
10%
agree
Sold
Ho.
High
011 %
7J
1942,
5,
J-D
agree
ENDING
Range Since
Bid & Asked
Low
Mexico—(Continued)—
A Assenting 4s> ol
lMO-t
AAssented
to Nov.
5, 1942,
£Aat>enung 4s 01 l»J0
BOND
Week's Range
Interest
Period
New
FOR
._195»
M-3
Stamped pursuant to Plan A
tint
reduced
ASec external
A
-1959
—
Stamped pursuant to Plan A
tint reduced to 2.125% ).. .2008
-1952
Montevideo (City) 7s
;
A 6s
New
external
Norway
sink
extl
fund
loan—
APanama
M-a
A-O
-1963
.—
102%
125
.
130
98%
105%
98%
105%
,"88
M-NL
*98
101%
98%
~
„
.1994
Ext
.1967
M-a
.1947
M-a
.2008
m-s
.1959
M-S
.1960
J-D
29 Va
.1961
A-O
29 Va
6s__—. .1940
A-O
26
i .1958
A-O
*18
14
.1947
A-O
*321%
.1968
A-O
*18'/a
.1950
J-J
98%
32
ref 3",is series B
sec
APernambuco
(State
of)
7s—
*101 Vi
J-D
100%
105%
Atlanta
1st
& Nor
1st
reduced
APeru
external 7s
tRep ol)
A Nat
loan extl
A Nat
Loan
5 A Poland
/ 6s
s
extl
2d
gold
of)
(Rep
1st ser
f 6s
s
ser
assented
o4'/«s
A Stabilisation
A 4 V2s
A
2.125%)
to
Charlotte
&
Ltne
Air
Rj
mortgage 3%s
Atlantic
Coast
General
1st
—1963
4J/2s
M-N
July 1952
M-S
1984
4s
cons
unified
J-D
A
Atlantic <fe Danville Ry 1st 4s_
Second mortgage 4s__
Atlantic Refining
1948
loan
f 7s
s
assented
External
sink
— -—
fuud
gold 8s
A4'/aS assented
A
Porto Alegre
Stamped
,
Baltimore
36%
".1st
28%
29%
255
18 Va
29%
196
18 %
34%
Vi
26
25%
1
16
Ref
39
Stamped
tint
to
pursuant
reduced
Plan
2.25%)
to
J -J
*18 Vi
22 %
14%
30%
47Vi
47 %
44%
50%
&
ARjo
Janeiro
a<r
45%
.2006
,,
J-J
M-N
.1953
—
--
reduced
(Int
AExternal
r45%
41
46%
47
49%
(Int
reduced
.
44%
*76%
85
71%
101%
104%
42%
50%
'
,
(Int
A6«
A7s
reduced
external
to
.2012
loan
he
SASan
.
,
Paulo
sink
(City)
A 6 'is
reduced
extl secured
37
r50%
37
35
39%
5
34 Va
46%
102
102'A
4
101%
105 %
A-O
105%'
105% 105%
74
98%
107
A-O
104
103% 104%
19
99%
107 %
96%
151
66%
121
75 Va
(State)
Paulo
J-D
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102
100
2000
M-S
96%
92%
96%
83
66%
96%
1996
M-S
95 %
92%
95%
114
66%
95 Va
Feb 1 1960
F-A
78 Va
76
78%
597
55
'
4s
r 41
10
54
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43
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31
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at
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40
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'37
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35
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46
39%
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39
36
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1951
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Steel
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1956
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,
.
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.
/ 36
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97
97"V.
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50%
43
..
43 %
-2012
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42
41
:
3
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•
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; 40
.
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1961
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s
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s
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1999
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14
45
J-J
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Va"
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1940
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f
s
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8erbs Croats
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106%
110 A
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105 %
108%
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105
107%
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106
106
106
'
M-N
1960
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51
49
.1955
86
50%
49
a~-O
1952
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86%
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deposit
4s
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;
J-J
:
25
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394
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10
31
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series
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stamped
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15
15
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1st
1967
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1972
J-J
1948
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A
100
104
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100
102
1st
100
102%
109
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1956
Co
108%
34
94
.
108%
1987
gold
stamp
&
1949)
——1974
(partial
116
155"
102 %
102%
63
100
102%
102% 103 Va
23
101%
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105%
105
105%
28
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1969
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series
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1995
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&
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ref
&
'
i.".;.
38
.55
''
36
footnotes
:
"I
8
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33
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.4*
page
3216.
197
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109 Va
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143
143
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32 »
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--
•
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2
^76%
60
97
•
-•
132
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141 %
——
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see
89%
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1989
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112
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AGerl
123
96
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ift
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40
108%
28
8?^
29%
37
37
84
63%
84
*36
mtge 3%s ser B—
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125
ref
13%
43%
J-J
7-J
1989
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115%
125
.1946
gold 4s_'
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13
'120
1996
4s
Chicago Burlington
General 4s
Chicago
14%
33
*100% 104
1942
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due—
Div
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A
2d consol gold
102
94
53%
20
24 Va
)
redemption)
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Chesapeake <st Ohio Ky— - <•
General gold 4%s
1992
Ref St impt mtge 3V2S D„^„1996
103%
Q-J
50
24%
106%
Banking Co—•
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—
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1967
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——1974
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-1995
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to Aug 1
RR
J-J
—1987
—
.1962
.
.92;
73
18
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gtd gold 4s_1949
5s
1960
3s
ref
1st
ref series
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—
Power
—1975
3s
116
110%
78
: 104
*70
J-D
—1987
—1980
deb
(Subordinated)
General
&
Y
§ A Central
5s
—1961
1987
146% 150
(111)—
3 Vis
cum
108
100 V»
gtd 4s
gold 5s
149
Wks & Elec 6s series A™ 1975
&
108%
89%
1966
M-S
—
—
Co
Anglo-Chilean Nitrate deb
Arbor 1st gold 4s
mtge
115%
*98% 102
1st
registered
N
Pacific
,—2030
Telephone & Telegraph Co.—
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A 4s
Central
*114
11940
3%s
4si_
Central
103% 103 %
gold 5s
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registered
109
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Ann
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tACentral of N J gen
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108
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107
108
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108
1975
debentures
Wat
112
104Va
New
105%
___i_199b
Tobacco
Div
Illinois
*100% 105
A-O
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Alleghany & West 1st gtd 4s
Am & Foreign Pow deb 5s—
96%
104%
103
*100% 1051%
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13
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3Vis
3s
V
F-A
3 Vis
Power
mtge
Div
Central
103Vi 103Vi
Albany Penor Wrap Pap 6s
6s with warrants assented.
2%
23%
F-A
—1946
Alabama
2%s
22%
gen
*104% 105%
103%
92
x76
23%
gen
&
J-D
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22%
„
20
105 T105%
78
&
A Ref
M-S
■
A-O
ARef
1947
'
A-O
90
AMobile
105%
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gold 4s
106%
'89
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91%
27 /
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121%
120%
21
106% 106%
106%
99'A
tACent
1907
.1981
:——1965
M-S
F-A
95%
F-A
101}^ 105%
107%
—
1945
..1945
5%s series B__—
1959
5s series C
-1959
pur money gold 4s
1951
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AChatt
109
Georgia Ry—
70
13
2
lpiir
.
J-D
72
3
95%
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J-J
1948
78%
85%
941/2
Companies
Alabama
Amer
of
1st
P
91%
'85%
-
J-D
conv
gtd gold 4s
debs—
U
*80
—1958
—1958
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3s
tCentral
long
M-S
107%
96%
97
1965
4s*
Corp 3s
J-J
___1953
American
1st
Ohio
F-A
Express coll tr gold 4s—1948
A
Adir
&
J-D
tAbitibi Power & Paper—
Coll trust 4s of
Clinch
—1949
115
102%
deposit—;
1984
(City) external 7s
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Adams
of
mtge 5s
5 AConsol gold 5s
94'%
112%
5
10
109
110
•
*114% 115
Va 102%
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,
121%
108
tlACarolina Central 1st gtd 4s
118
121%
115%
102
Carolina
90%
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117%
120% 120 %
120%
109
124
:% 75 %
1951
115%
116%
102%
ACent- Branch
.87
A-O
4%s
gold
Northern
Celanese
M-N
1956
120
122%
J-D
105
M-N
*122
F-A
104
„
J-J
108%
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116
Ry deb 6%s—1946
118
__
*117% 118
1955
106%
112
116%' 122%
"l
116% 116'A
J-J
J-D
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..I960
1978
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and
32
16%
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J-J
1969
4%s__
gold
1978
3Vas extl readjustment
Railroad
21
*115
1964
conv
readjustment
extl
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'}
1
103%
18
118% 119
..1970
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5s
5s
Pac
100
1937)—
extl
3%-4Ve-4ft
Can
*L_
readjustment
1979
conversion———1979
External
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bonds of
($
Canadian
27%
*10i/2
6s—
sink
27%
102% 103 Vi
.——1960
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12
12
1957
1
*107
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gold
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57
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82
gtd 5s A
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"
1955
1946
.
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h
—1958
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7s
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J 962
108% 108 %
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1974
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87%
.'64
80
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20
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*_7
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s
1968
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—1962
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_j1962
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-
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1
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55
::
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of
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42
,
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at
/
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1934
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.,
.1969
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debentures
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.,,,*72 Va „79
105% 105%
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77%
75
77
..F-A
1950
—.1947
—1969
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Gen
107
100% 100 Va
100 Va
M-N
A__
July 1970
1st 4s.—T.1955
Bklyn Edison cons M 3%s————1966
tABoston & N
Consolidated
,
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Afis
102
104
M-N
to Plan A
to
102 %
103
M-S
gold 4%s series JJ
Buffalo Rochester &
it;
—
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40%
42%
13
50
'
.1957
—
loan
131%
100%
.1967
II
series
129'A
101%
102%
.
water
100
102%
•
.—_1970
AC
1st
5s
102%
—.1955
5s
1st
M
Bklyn Union El 1st gold 5s——
.2004
4s__a..1964
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extl
100
86%
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debentures
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,v
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103
86%
RR—
stamped
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'
44%
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/
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;.
-1950
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78 Va
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due
ref 4s
103
1959
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1950
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1947)
1951
1951
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ref
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% ■'
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102
to
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——
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38
102
1995
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s
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41//
37
\
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.2012
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to
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ser
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-1966
luna
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2.25%)—. .2004
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to
due
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41
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to
to
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municipal
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pursuant
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47'%
—
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471/2
;
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-1946
to
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1995
(int
due
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85
A
1921—
external sink
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r47 V2
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ser
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42
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1953
to
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115
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1946)
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1
gen
&
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———
to Plan
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pursuant
110
95%
to
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due.
Sep 1 1946)
;
;
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■
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2.375%).— 2001
to
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1947
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'
41
pursuant to Plan A
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;
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1946)
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Sep 1 1946) due
•
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1
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•
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A
—
107%
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114
/
(int
1946)
gen
&
to
J-D
.1966
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104%
—
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114
bonds—
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1
&
Dec
30%
23
RR—
modified
Oct
34%
23
to Plan A
to 2.375%)—— .2001
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M-S
July 1948
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&
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Ref
27%
.1961
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%
25
25
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MH
45
.1953
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34%
28
pursuant
AExternal
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19%
.1963
—
(City of)
'
54
31
January 1
Low
B
40%
38%
30%
Range Since
Sold
No.
High
108
,
J-J
1948
deb 3s___
Bonds
Friday's
—
47%
48
30%
or
Bid & Asked
J-D
Stamped pursuant to Plan A
(Int
Week's Range
Last
Sale Price
'.1946
gold 5s_„
*
105%
38%
—•
Atl Knox
1-310
100
95
*98% 100
*105%
1
95
-_
Friday
Interest
Exchange
6
Teletype—NY
Low
99%
88%
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Stamp mod 3%s ext to
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Period
105%
99 % 100
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York
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BONDS
103%
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100%
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103
,97
__
105% 105%
A-O
.1963
'97%
102% 102%
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J-D
-1955
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(Rep)
__
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125
102Vi 102Vi
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-1970
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s
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-1965
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41
118
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-1958
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f
37
61
t
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s
47%
42
*38
J-D
-1957
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s
40
M-S
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A
series
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35 %
38%
42
*38
Members
"
,
2.125%)_. -2008
to
f faVaS—
a
3213.
\
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f
-I-**?
,
THE COMMERCIAL & FINANCIAL CHRONICLE
3214
YORK BOND RECORD
NEW
range for week ending december
Interest
Last
Period
Exchange
Sale Price
28
BONDS
Week's Range
or Friday's
Friday
BONOS
New York Stock
Monday, December 31, 1945
Bonds
New York Stock
Range Since
Sold
Week's Range
Friday
tl.
Interest
Exchanie
January 1
Bid & Asked
.Last
or
'*
Low
a Gen ine
96
J-J
mtge 4%s
Ind & Louisville By—
ARefundiuig 6s ser A
1947
A Refunding gold 5s series B—1947
A Refunding 4s series C
1947
A 1st & gen 5s series A
—1968
a 1st ft gen 6s series B
May 1968
96
97%
76 Vi
J-J
1988
2038
Chicago Gt West 1st 4s series A
No.
High
75
76 Vi
Low
110
37
65%
12
j-J
97
84
18
79
104%
10
.103% 104
97
97
104
J-J
110
110
;
72
97%
Firestone Tire ft Rub 3a deb____
1961
(APlorida Cent & PeninsuJar 5s__,_1943
Certificates of
•
21%
J-J
21%
22%
73
15%
23%
8
16%
Af-N
Alst & ref 5s series A_"___
-
-
3iya
.
ACertificates, of
J-D
,.1974
deposit^i
1956
J-3
J......1994
J-3
105%
4Vis inc series A——2019
-.2044
J-J
105%
103
105
105% 105%
*107
107%
4s ser A___.
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4 Vis
J-3
inc series B
conv
Chicago So North Western Ry—
2nd mtge conv income 4%s
1st mtge 3s ser B
„—.
95
■
77%
Gas ft Elec of
Af-S
F-A
_
A General
4s
A Certificates
of
deposit.
..
.1934
IA Secured 4 %s series A_._._._:!952
A Conv gold 4'Vis
.....J
..I960
Chicago St L & New Orleans 5s___1951
,
70
,
Certificates:
k;
31%
«■",
71 28%
73
29%
30%
J-D
*105 Vi
102
—
106%
99%
*98% 101
105%
95
*98 Vi 103:
—
__
m-3
91
102
6
94%
106%
31
83%
98%,
83
92
105% 105%
96%
97
96
96%
*92%
.1963
J-J
.1963
j-j
-.1952
>
104%
*107
*
j-j
104
3
110
110
11
110
m-s
A-O
108
*56%
106%
52%
59
Greyhound
Gen
A-O
*56%
—
..1952
Af-N
:_1975
A-O
103%
53%
59
.*111%
87%
nitgej inc 5s series 4.u..ii..t.2015
19
87
59
103%
112%
102
104%
F-A
F-A
1993
J-D
3%s series E
General gold 4s
General 5s series B..
..1993
Ref St impt 4 Vis series E—... ..1977
..1991
cm Wab St M Div 1st 4s
St L Div 1st coll tr gold 4s... -1990
*108%
J-J
98%
90%
-1970
J-J
90%
A-O
.1977
A-O
s
f 5s series B gtd—-—-
s
f 4Vis series C
..1980
(stamped modified)
.1961
Columbia Gas St Elec deb 5s
107
■
108
107%
107Vi 107% V
104%
Af-N
83%
83%
;
;s;ty
;
:io3%
J-J
*100
Af-N
„
*108% 109
*107%
A-O
.i
110
102
104
98%
98%
1-
107%
110
137
144%
,134%
86%
133
134%
>
108
1977
L—
F-A
1951
Conn Ry ft L 1st ft ref 4Vis
Conn River Power s f 3%s A
107"%
J—J
13
107% 107 %
*111, ■:
■
,
'
...
134%
105%
108%
1961
A-O
101%
101% 102
.1956
A-O
104
104
.1958
—...
.
J-J
80
A-O
35%
35%
36%
87%
113
64%
40
Feb 1957
101
72%
58-
75
115%
80
45
30
131
1981
J-3
J-3
J-J
*100%
A-O
*100%
lines
3 %*i
103% 104
Af-S
28
88%
106%
300% 101 Va
37
84%
101% 102
106% 106%
94% 95%
*106%
43
84
102%
;,7
94%
109
J-J
101%
95%
J-D
J-J
104% 107 V*
J-J
103
89
—
*104%
...
105
;
100% 101%
—
*104%
103
83% 104%
103
82 Va
103
*101
F-A
102%
95%
12
104
J-J
106
.
99
100% 100%
*75
96%
100
*101% 103
100%
105%
74
98
,
100 Va 100'/a
J-J
Gold 3%s-—.,—-.--~--4.---.1951
Springfield. Div 1st gold 3%s_.„1951
Western Lines 1st gold 4S.......1951
Registered
103%
105 Ve
75
108
103 V'a 104%
J-J
102
101
102% 103%
M-N
F-A
103 %
70
89%
104
M-N
107%
103
101
6
102%
m-n
.1952
....
103
,
i..
*72
A-O
F-A
101%
102% 105%
6
*105%
103%
•
;■
—-..
Louisville Div ft Term* gold 3%s-l953
Omaha Div 1st gold 3s_____..i..1951
5
105% 105%
79
74
St. Louis Div ft Term gold 3s_..1951
1
104
79%
74%
lQ77/a
105%
16
100
F-A
112%
Consolidated Edison of New York—
—!—
100% 100 %
103%
06
15
M-N
„
^',114%
116
,111
•*105%
F-A
.1948
...
16
40
1957
Collateral trust gold 4«
ipsa
Refunding 584......-.r.^.__.^1953
40-year 4%s_i.
_-^._1960
Cairo Bridge-gold 4s
1950
Litchfield Div 1st gold 3s
..1951
vlU
-114
J-J
4-
101% 101%
1949
gold 5s
gold 3VaS.:
.1951
1st gold 3Vks.»_...._.1951
1st gold 3s sterling....
^.„1951
Collateral trust gold 4s
__1952
Refunding 4s
1953
107% 108%
110%
*109%
..
M-N
1st
l03Va 106%
15
,
110%
M-S
J-J
Extended
108 Va
•68
47
85
104%
104
104
J-J
1958
3Vis
debentures
91
98
102% 102%
103 Va
102%
10X1
1st gold 4s_._.
109
102%
5'; 1
108%
108
,
Columbus St Tollst -extl ,-4nsiia«asSfs
3Vis
.
.1962
Illinois Bell Telep 2%s series A
Illinois Central RR—
• •
-
107
115%
1Q5% 109 Va
2
,
Commonwealth Edison Co-
debentures
106%
107
107
109%
—i-* "'
'
116
'
109V4 109%
1st
AAdJ Income 5s
Purchased
Columbus & H V 1st extl gold 4s.. .1948.
Columbus St Sou Ohio El 3%s—— .1970 *
3Vis
101 y4
106% 109%
6
—
*115
A-O
Co Gas
f 5s series A
s
Hudson ft Manhattan 1st 5s A
91%
1
Colorado & Southern Ry.—
debentures
106 Va
*106
13
17
16%
A-O
J-D
101% 106
2
,
*106 Va
F-A
..1973
1st
1st
90%
106
*104%.
A-O
3Vis
18%
104%
15%
J-J
Hudson
99%
80
107% 108
—
..1950
Series D 3%s gtd...
Cleve Short Line 1st gtd 4%s—. ..1961
Cleve Union Term gtd 5 Vis...— ..1972
series
84
:
....
Hudson Coal 1st
122
83
6
99
106
M-N
3s
,74.'
102%
•
.199ft
Booking Valley Ry 1st 4%s.
(SAMousatonic Ry cons gold 5s^..l937
Household Finance Corp, 2%s—..11970
112%
122
121
98 Vi
M-N
..1948
107
--
*121%
J-D
Cleveland Elec Blum 3s—...
-ii7-."
103% 103%
__
J-J
Cleveland St Pittsburgh RR—
Series C 3 Vis gtd
mtge
...
' *102% 103%
..4 1 •
■'
J-J
104
103%
4.I.;
90
106%i
105%
:
pi.
"
'
111%
106
H
..1969
1st
104
'4''*82';
J-J
Terminal—
1st mtge 2%s ser G——..... ..197*
Cleve Cin Chic ft St Louis Ry—
debs
61
:'
104
.
103%
111%
A-O
.
:.Ii
106%:
1105%
:,.4'''^.
Feb v.
.1969
Gulf St Ship Island RR—
^
'•<
1st ft ref Term M;5s stpd_.^ ..1952
Gulf 8tates Utll 3%» aerie* D.....196B
76% 102%
30
103 Vi 103%
„
106%
;
,
:
106% 106%
J-J
112.%
107%
104 Va. 109
103%
2
*107% 109
V
J-J
V
■v' 5;
106% 107
307
J-J
121%
109V'a
!'.v- 3-
HOiV
110
T
j-j
;
..195,9
.
Cine Gas St Elec 1st mtge 2%s
Con v
j-j
123
Va 137%
130%
128
1
136% 136 VW
102 y«
118%'
S
102%
102 %
128% 128 »/a
J-J
.
100 V*
-
—
j-j
r
1st <fe ref 3%s series1 D.
58
102 Va
58
116
4 91Va< 116
j-j
Feb
deps____
116
421 Va 121 %
: j-J <-.>
.
ctis
ctfs B_<i..i.J
Corp--3s
39%
f '
"V
.1,
Gulf Mobile ft iOhia!4s series B..__1975
111
105%
106%
*106
—
tAChoctaw Ok St Gulf cons 5s
4%s
J-D
AGreen' Bay & West, dfeb
105
*
54% "
,
89%
58
102% 102%
Af-N
.
.....1976.
mtge;3I/as'ser: Ni_.____^___1990
ratge:*3 Vis• ser 0_.r..___..^..2000
Gen
Gen
-•
108
102
108
104
—
..1962
Union
>*
40
116
116
.
.
General 4 %s "series EJ_"_1_.__._4977"
Gen •: mtge; 3 % s - ser ► K4-.......^1960
Gen • mtge ^ 3%s - ser L__
1970
Gen mtge ,3 %e ;ser M-^——.---1980..
•ADebentures
.1943
t§ AChilds Co deb 5s part paid
SAOebentUres 5s part paid-.... -1957
1st mtge gtd
-General 4%s series D...
58
116
'
J~-J
General^5V/aS series B.
*;/.'• General; 5s series Cli....._.._._.1973
Chicago Union Station-—
Chic St West Indiana com 4s__
1st St ref 4 Vis series D—
..jl...
t
■■'j
;
82%
105%
16
82%
80%
65%
103 V4
82%
J-J
T
3-D
Income guaranteed 5s.*...E>ec 11960
ACertificates of deposit...^.
79%
13%
71%
Af-N
Chic T H St Southeastern 1st 5s.. ..1966
.....
J-D
*
Li.«.4..1952.
52 Vi
M-S
J-D
Cincinnati
of/deposit.....:
Great Northern Ry Co-—-
422
654
J-D
1st mtge 3Vis series P
1st mtge 2%s ser G
5al.._1949
PrCo.Tlst-mtge:2%s.l965 „:
Grays Point Term 1st.gtd 5s
....1947. ^
277,
66%
94
90
106
103
106
J-J
-74%
65
128%
55%
*105
M-S
47%
65%
A-O
1951
•
66
80% 105
_1951
3 Vis
Memphis Div 1st gold 4s
cons
Certificates of deposit
^..^4..
(SAGa Caro ft Nor lst ext 6s..i._1934
78%, 108%
91
95%
93%
"
IA Refunding gold 4s:
Gold
Berg Co
r
v;"--''*66%;/I^I':
94%
2
•
57'-
Goodrich" (B
J-3
1988
....
89
v:" 89
89
M-N
(AGeorgia&Ala,Ry5s_l_..Octl 1945
104%
HA Chicago
Railways 1st 5s stpd
25% partial redemption
..1927
(Chicago Rock Island & Pacific Ry—
3
...
General- Realty, St Utilities Corp-1' ■;
r
A4s conviiric" debs.:...^
u._wl969.-.
Gen Steel Castings, 5 %s-~
.1949
95
101
10
132
102
100% 101
102%
99%
G
106%
94%
84%
261
104 Vi 104%
J-3
117%
100%
105%
100
244
94 Vi
94%
89%
105%
,132
:
108
104%
230
106
88
89
J-3
199ft
—1989
63
104
12
104% 104%
*105
Chic Milw St Paul ft fac RR—
1st mtge
High
*102% 112
J-J
"
(Florida East Coast 1st 4%s______1939
29%
23 Vi
deposit.^......
Francisco Sugar coll trust 6S......1956
Chicago Ind St Sou 50-year 4s
January!,
Low
83
110
,23 Vi
M-N
Range Sinee
Sold
No.
90% 100
9
(Chicago
j .J
Bonds
High
Low
>
High
Friday's
Bid St Asked
Sale Price
Period
99 %
105 Vo
97
4.
106
Bl Cent and Chic St L ft N O—••
(AConsol Ry non-conv deb 4s..._1954
A Debenture 4s_.———....—-1955
ADebenture 4s.——
!—
1956
Consumers Power 1st mtge 2%s_.1975
Continental Baking 3s debs
—.1965
Crucible Steel 3%s s f debs..—....1955
<
iACuba Northern Ry 1st 5Vis.——1942
A Deposit
receipts—..—.—
ACuba RR 1st 5s
A Deposit
,
A7%s
.
:
A 6s
ser
B
ser
gold——...—1952
receipts.
A deposit rets,
deposit
*—
69
"■
"
,
74%
58%
57
Joint lst ref 5s series A.
75%
75
J-J
57
71
__
74-
',*__ ■;
104% 104%
104"%
MS
J-J
102 Vi 102 %
..
*57
J-D
46%
14
48%
*47%
J-D
50%
*47%
►
__
40 y4
97%
3-D
1st gold 4s~...._.i950
85%
51%
B!
Alst
5s
Alst
52
gold 5s series C
series
fAInternat
Internat
1
*103%
Debentures 5s.
85
84%
85
50%
79 %
22
A-O
104%
104% 104%
19
extended—.1963
Lack & West RR Co—
Y, Lack St Western div
1st St ref M 5s ser C——...1973
Af-N
105%
104
25
98
94
105
Af-N
43
57%'
67
* Income
mtge
&
Morris
due
Essex
84%
58%
6
74%
1
,102%
Af-S
107%
2
106%
107%;
102%
F-A
.1959
J-D
98
98%
*103 % 104 /
98%
.1961
J-J
105
15
105%
Laughiin Steel 3y4s....
105%
105
95%
103%
99
84
102% 103
105
97
105%
111 Va
102
*103%
Af-N
J-J
105%
102%
105%
104%
tr
4-6s
Power
Af-N
*99% 100
62
61%
62
65%
64
66%
140
107% 107%
2
Jones
wi__
St
A-O
107%
106
67%
67 Vi
68
76
59
.1936
(Denver St Rio Grande Western RR—
A General s f 5s.
a—-1955
J-J
69
69
70
32
61
76%
A Ref St
...1978
impt 5s series B
F-A
16%
16%
17%
95'
5%
15%
15%
16%
57
5ys
62%.',
62
62%
39
54%
A-O
Detroit Edison 4s series F———.1965
A-O
106%
mtge 3%s series G—1966
m-s
108%
—-1970
'Detroit & Mackinac 1st lien gold 4s 1995
Gen St ref 3s series H
Kansas City
•
A Second
——1995
gold 4s—
106% 107
66
65
J-D
45
45
1901
Af-N
A-O
Dul Miss & Iron Range Ry
71%
66
•
47
108%
106 ya 109%
106
109
11
48
66
6
116%'116%'
106% 106%
104 %
104% 104%
54
106
23
106%
J-J
J-J
4
107% 108
J-D
3%s—1962
HADU Sou Shore St Atl gold 5s—1937
Cuquesne Light 1st M 3%»
196»
Detroit Term St Tunnel 4%s
11
108 % 108%
J-D
55
28
47
1
;
107%
103
*106%
of
80%
;
deposit____;.—
Southern Ry 1st 3sl..l958
Terminal Ry 2%s~—1974
*102
A-O
*103%
J-J
Kentucky1 Central gold 4s.!
..1987
Kentucky ft Ind-Term 4%s._—.41961
Stamped
—.—
1961
plain, ———
—...1961
4%s unguaranteed
1061
Kings County El L ft P 6s—
JL997
Koppers Co lst'mtge 3s_:
1964
(AKreuger ft Toll 6s ctfs
1959
*120%
J-J
62%
.
.
62%
91%
,78
,
Xb
93%
78%
25
81
II' I
107
93
%,
103
—
79
62
62%
104
122
118%
—
J-J
*107%
-4
101
107%
J-J
,*109%
-4
104.
102:
109%;
;•••
*105%' U",
J-J
A-O
■*_.
A-O
*105
•: 105 %
4% '• 4%,
Af-S
102
173%
188
102%
195
105%,
:
R '■
\ 4%
r
:
110% 117
3
ACertificates
Kansas City,
19
/
Gen St ret
A-O
»'
21
P-A
—————
A-O
Fort Scott & Mem. Ry—
fARefunding gtd 4s_-____...—.1936.
75
AAssented
99
Kansas City
J-J
..
88%
102% ,104%
K
Kanawha ft Mleh 1st gtd gold 4S..1990
109
———1936
SAlst consol 4s—
I AConsol gold 4 %8
ft
/
division
May 1, 2042
Light 3s
1973
(Denver St Rio Grande RR—
Coll
Delaware
.
85
120
Delaware,
\
54%
58%
103% 103%
78%
62 Vi
Delaware .& Hudson 4s
N
89%
28%
J-3
.1955
—
5
78%
97
:
108 y4
—1993
78%
95%
78%
96%:
98
108
62%
64
78%
J-J
93 Va
.106 V4
75
16
49J/a
78%
1955
103% 103%
105
106%
49%
A-O
1944
99%
1
,
J-J
....4~_*1950
103%
76%
'73 %
i-'
20
98
J-J
...1972
Int Telep St Teleg deb gold 4y2S..-1952
..
97
81%
1
*111.
*106'/a 107%
James Frankl ft Clear 1st 4s....
J-D
2 1
4
A-O
Int Rys Cent Amer 1st 5s B_.
D
93
;
42
98%
,105% 105%
98
A-O
Paper 5s series A ft B...1947
Ref sink fund 6s series A...
Dayton Union Ry 3 Vis series B—1SC5
Deere St Co 2%s debs..
.1965
j-j
;
97%
93
Af-S
.......1956
Hydro El deb 6s...
7
J-J
(AInd St Louisville 1st gtd 4s.._^.1956
Indianapolis Union Ry 3%s ser B.1986
1st mtge 3s series F—1961
(International Great Northern RR—
Alst 6,s series A—
AAdjustment 6s series A.__July.1952
41
50%
100% 103%
•
102 % 102%
3-D
79
101% 102%
102%
Inland Steel
61%
50%
40%
.41%
'
A-O
102 y2
80
47
86%
47 Vi
—
100%
3-D
Ind Bl ft Iowa
104%
50 y*
*83%
J-D
V103%
102% 104
61
46%
j-J
—..—1946
deb——195#
i 4
i
*103% 104
J-D
—1946
i?6
.
1963
1st ft ref 4 J/as-series C.......~_1963
1st ref mtge 4s ser D——
..1963
.
■
J-J
——..
rets
Curtu Publishing Co 3s
J-J
1
,«
.
105% 109%
36
11
45
104 y.
71
J-D
gold 3%s.4—1997
reglstere<L!^-.~_.4~.4-~.1997
Lake Sh ft Mlch.Sou
108%
3%s
110%
..
105%. Ill '
110% 110%
J-D
*107
Dec
75
102%. 109;
109
Lautaru Nitrate, Co Ltd—'
A 1st
—1975
mtge income reg
Lehigh Coal & Navigation Co.—
*a»t Tenn Va -ft Ga Div 1st 5s——1958
Id El HI (NY) 1st cons gold 58—1998
J-J
♦
Elec Auto-Lite 2%s debs
195®
J-D
*102
1970
Af-S
♦106%,
1963
A-O
.1965
A-O
*112%
J-3
»ioiy8103
—
Elgin Joliet St East Ry 3% si.
El ?aso St S W 1st 5s
5$
stamped—T
M-N
*120%
120
liey8 120%
__
l^Q-
'
151
*103%
102
175
F
mtge ;3%s ser
1st ft' ref sink fund 5s_
:
,'5S
,103%
stamped^.-.—
^
1954
195*
105
__
•
1st ft ref :siak fund 58^.4...—:_1964
106 Vi
118% 120
107
121
stamped.........———1964
1st ft; ref sink fund Ss——1974
5s v. stamped--..—
———-1974
Leh Vat Harbor Term gtd 5s.
1954
Lehigh Valley N Y: 4%s ext_..—1950
Lehigh Valley RR— »
4s stamped modified..
2003
4s registered!...
2003
4%s -stamped modified.
—2003
4%s registered——:
—2003
5s stamped modified:—~—
2003
:
*100%
F~A
*100%
: F-A
93%
1962
*
100
Erie Railroad CoGen
'
mtge Ino 4%g series A
1st cons, mtge 3%s ser E
1st cons mtge 3%s ser P
1st cons mtge 3%s ser G
.1st
cons
Ohio
.
Div
2s ser H—
1st mtge
__2015
1964
199®
J-J
A-O
J-3
..2000
J-3
1953
M-S
98%
99
...
*101% 103
For ^footnotes see page
3216.
101% 101 Vi
*106
II
103%
76
.
88
102%
20
105% 105%
Af-S
3%s.—.a—.1971
98%
105 %
102
105%
98
102%
96%
101%
106% 106%
'
;
79%
■
10
94%
79 Va
80%
,
,
96
6
80%
9i '
96%
280
45%
69%
87
88
52%
54%
50V4
17
56
54%
"? 51%
56%
239
52'/2
7
63
63%
69
63
03
96 v
9®
73%
87
Af-N
»100%,:
89%
87%
53
51%
.
"l
Af-N
Af-N
.100%
31
49%
.
104%
88 Va
94%
J-J
.
/
92
94%
f'-a
99
98'
*96
F-A
■
Empire Gas St Fuel 3%s
..
-.a
*93%
5s
106% 118
104%
104% 104%
A-O
A—.—4;—1970
Lehigh Valley Coal Co-4i ■ {'
r: ' :
S
78%
50
16
76%
45%
'
64%;
47%
71%
47
66%
53%
76%
.
Number 4451
162
Volume
3215
NEW
BONDS
New
Stock
York
FOR
WEEK
ENDING DECEMBER
Interest
Last
Period
Sale Price
Range Since
Sold
Low
78%
93%
127Vi
132%
A-O
A-0
"118%' 119%
118'A
Little
A—>>1962
M-N
"115
1091/4
M-S
106%
106%
Norfolk Southern Ry
107
4s
gen
series
4s
1949
stamped
_>_»;_
Ark
1st
1st
&
ref
M 3%s
ref
M
ser
Paducah
"106%
A-O
1969
J-J
1968
M-S
2003
A-O
HOVi
110% 110%
A-O
100'A
100
1st
mtge 4 %s~ series A_
A Gen
mtge 5s conv inc
121
25
108
107%
Northern Pacific Ry prior lien 4s__ 1997
II81/2
120
103 %
105%
103
4s
registered
Gen lien
3s
106
105%
104% 105
"107%
1946
F-A
1980
M-N
„
108%
15
"100
106%
6
100'A
..M-3
1955
4s
1998
2014
Norfolk* & Western Ry 1st gold 4s> 1996
North Central gen St ref 5s
1974
*.
Gen & ref 4%s series A
1974
*3
1997
& Id gold 3s
ry
1
Jan 2047
95%
100'A
100%
impt 4Vis
&
impt 5s series C_
Northern
102 Vi
100
102Vi
114%
101
104
117'A 117'A
117%
1st
1
States
Range Since
Bold
January 1
No.
Low
High
A
series
High
A-O
58 '/a
597/a
49
59%
103
89%
75
47
A-0
"136 %
133%
136%
"137'A
136
138'%
M-S
124
25
119% 120
"113*%
Q-J
86%
Q-F
Q-A
J-J
108
115
62
89%
72%
87
89%
71
82%
106% 1071/4
108
120*%
30
86 %
85%
"82
106%
128
1083A
106'%
"128
119%
Q-J
J-J
2047
12
M-3
2047
...
&
Ref St impt 5s series
Coll
trust
4Vis
111%
,
Bonds
Friday's
100% 100%
J-J
2047
registered*.
Ref
Ref
F
G
Atl Knox St Cine Div
3
105'A 105'A
105
Div 4s
& Mem
1
119
;
Div 2(1 gold 3s
Louis
__
119
2003
series
&
St
106% 107%
M-3
F-A
or
Bid & Asked
Low
Co—
106%
107
A
series
1st
27/as
>_
1963
5s
Gas ,& Elec 3'%s
& Nashville RR—
Louisville
"132%
M-3
1949
debentures
3s
Louisiana &
Louisville
80
87
*
1951
Lorlllard (P) Co deb 5s_-
86
Sale Price
:
116
194a
Miami
Long Island unified 4s>
Guaranteed rtf gold 4s
86'/a
Last
Period
High
Lehigh Valley Terminal Ry ext 5s_195i
Lex & Eastern 1st 50-yr 5s gtd
-1965
Liggett & Myers Tobacco 5s
1951
Week's Range
Interest
New: York Stock Exchange
January 1
No.
Hiah
Friday
BONDS
Bonds
Friday's
or
Bid & Asked
Low
A-0
28
Week's Range
Friday
Exchange
BOND RECORD
YORK
RANGE
27
108'A
93%
109
110%
2047
J-J
108%
108% 109
19
93'A
110%
.1975
M-S
106 %
105% 106%
52
103%
106'%
1974
F-A
102
102
104%
1964
M-3
166
110
D__
»
Co—
Power
mtge 2%s_>—
1st mtge 3 Vis
r»
(Wise)
102
102
*106%
»
M
Maine
RR
Central
1st
mtge
Manati
4%s
coll
&
4s
AManila RR
1960
B
J-D
1954
A
ser
ser
Sugar 4s sink
J-D
80
81'A
"101
101%
81
M-N
87%
1959
M-N
"65 Vi
1955
(Southern Lines) 4s
McCrory Stores deb 3*4
39
14
88%
Metropolitan Edison 1st mtge 27/8s_1974
M-N
"105%-106
A-O
"102
F-A
El
(Chic)
Michigan Central-^Jack
1st
"
Lans
v
:
.
,
■*
' 91
tOgdensburg <fc Lake Champlain Ey-^
A 1st: guaranteed 4s_>>>-—--..--1948
99%
16
26%
16%
t
106%
"100%
M-N
"106%
Ref & impt 4,/2S series C
___1979
Michigan Cons Gas 1st mtge 3%s_1969
J-3
ISA Midland of N J 1st ext 5s
A-O
1940
110
94 'A
3
95
34
101'A
1003/4 lOl'A
J-D
101 Va
101% 1011%
A 1st
Paul
101%
A_>_____1971
J-J
A
_„_1991
J-J
78
78
J-D
99
95% 100
ser
Pacific Coast Co
95
101'% 102
17
4
78Vi
94%
1990
274
65
106
Prior lien
5s series A
1962
lien
A Cum
4Vis
1962
D_»
series
77%
107
92%
91%
79%
A 1st
A 1st
&
100
1st
&
ref
M
&
ref
M 3s
1st
&
ref
A 1st
ref
&
AConv
series
5s
gold
65%
92%
Paducah & 111
94
19
69 %
94
Panhandle East
106
37
64%
112
72%
100%
St
ref
5s
47
33
M-S
97%
9 7'A
98
235
73
100%
Gtd 4s series E trust ctfs
M-N
97 Vi
9 7'A
98
72%
100%
Pennsylvania Glass Sand 3%s
M-N
42%.
42%
1980
A-O
97%
97
97 Vi
.
59-
46%
240
14%
72%
72%
100 Vi
97 Vi
97%
72
89
89%
2
79%
1
105%
"102% 103
1951
Mountain
1st
gtd
Mutual Fuel Gas
'
106
100Vi
& T
72%
72
M-N
87
85
M-N
81
80%
3 Vis
1968
J-D
5s
1947
96
101%
72%
■"
M-N
1st gtd
91%
107
101%
Chatt
Steel
Navional
L 4s series A
St St
92
82%
/
62%
93
87%
66
63
A-O
105Vi 106
»1954
M-N
1948
RR gtd
Jersey P & L 1st mtge 3s
Orleans Great Nor
Orleans Terra
New
*
1st ref St
5s
J-D
M-N
F-A
1974
A
A
series
5s
5Vis
ACertificates
of
115'A.
126%
100
92%
92 "A
921/4
98
2013
A-0
1997
J-J
1997
J-J
1998
F-A
3 Vis
Mich
registered
1998
3'As
E
N
N
6
.
"i
Y
Dock
1st
Y Edison
lien
gold 4s
3'As series D
ref 3 Vis
&
Y Gas El Lt H
&
N
Y
&
Harlem
128
128%
108 3A
9
103%
109'/a
.1985
J-J
1053/4
105
105%
26
102%
106 Va
M-S
106 C
106
106
106
109'A
...91
91
92
75
75
76'A
mtge 3 Vis ser F
N
Y
Lack
&
West
88
M-S
1974
F-A
and
.1st
ref
1967
2%s
ref M
&
85%
103%
7/3
i 99%
107%
97%
1
90
10
*81
81%
80%
"87
104 Vi 104%
18
105
97
94
Serifs
F
M-N
J-J
1964
1051/8
2000
J
series A
cons
M-N
"115%
101%
1973
M-N
M-N
971/4
"67%
89%
89
Vi
deb
4s»„
1947
M-S
ANon-conv
deb
3Vis
1947
ANon-conv
deb
3Vis
1954
deb
4s
1953
J-J
ANon-conv
deb
4s
1956
M-N
AConv
deb
6s
jACollateral
1956
..1948
1975
4s
A
General
42
84
& Ash 1st 4s ser
gen
gen
——
Y
Power & Light
Y
& Putnam
1st
1st
97%
10
91%
1st
A-O
Securities 4s
Terminal 4s
Service El & Gas 3%s
&
ref mtge 3s
5s
1st St ref mtge 8s
1st
St
ref mtge
gtd 4s
N Y Queens El Lt & Pow 3Vis
N Y Steam Corp 1st 3 Vis
t§ AN Y Susq & W 1st ref 5s
§A2d gold 4Vis
{AGeneral'gold
ATerminal
Y
West
1st
<&
65%
65%
■
65%
58 Vi
21
76%
74%
55
69
.
69
12 v
56%
Bost
68
69
31
56%
77
65%
65
66
16
54%
74%
73 %
262
63
82%
36
83%
93%
M-N
35
34'A
35%
85
25
45%
J-D
71
71
71%
135
59%
81%
M-N
1992
M-S
footnotes
see
1993
J-D
page
21
%
21
12 */2
M-S
12
1P63
871/4
J-J
J-J
72
72
17%
30%
80
4%
14
100 Vi
102
5
74%
89
105%
108
104'A
107%
6
2
17%
52%
80
"40
M-N
M-S
12%
89
282
109
42
26
14
42
993/4 lOOV'a
*105% 106
*104%
983/4
J-D
>
98%
1959
A-O
98%
98%
A-O
99
98 3/4
1977
1957
1956
>1968
1972
-2037
2037
—
F-A
>_
,'
*117'A
99 y8
101'A
100 %
106'/a
84%
99'%
4
84'%
99%
16
84'%
4
98%
983A
99%
99%
105
125%
'
106
125%
*127
J-D
109
104%
104
*125%
J-D
104%
103%
■
*105
J-D
136'%
101%
3
107
*103
100
127
134'A
129
J-J
__
F-A
__
M-N
32
.
*105% 106'%
104'A
101%
108%
*113
113
113
*100%
J-J
—
31%
M-S
*98'%
J-J
109
94%
—
25
32%
M-N
*156
J-D
103'%
109
110%
107'/a
*107% 108%
J-J
43VA
103'%
>-'■
109
*245%
108 %
155
160
224%
245
100'A
103 VA
102%
107%
8
104'A
1
103
108
105'A
160
Quaker Oats 2%s deb—
—1964
30
11%
!
R
>1951
Reading Co Jersey Cent coll 4s
Rensselaer & Saratoga RR Co—
for 1945) due .1975
.i960
3%s
ISARio Grande West 1st gold 4s_ .1939
'
Gen
mtge
cons
Rochester
St
Gas
coll trust 4s A
St
107'%
104
104
J-J
107% 108 %
.1949
A-O
.1977
M-S
.1967
M-S
__
mtge
IJARutland RR 4%s
stamped
79%
79%.
8
63
98 Va
62
110
$0
I
Elec Corp—
4%s series D—
Gen mtge 3%s series H
Gen mtge 3%s series I
Gen mtge 3'As series J
I5AR I Ark St Louis 1st 4%s
tARut-Canadian 4s stpd
Gen
107
M-N
(4.7%
Revere Copper 8t Brass
A 1st
A-O
.1967
*125%
>_
*108%.
—
M-S
.1969
M-S
.1934
II
lfo
108'%
„
109%
108%
108'A
.1949
J-J
18%
109%
.1941
J-J
23
108'% 108%
10
66
M-S
67'%
1»
51
75%
18
18%
16
16
27
22%
23
39
17%
?0
35
"98% 100
33'A
103'A 103 'A
J-J
48
o
F-A
J-J
22
"105% 106 %
105 Vi 106
F-A
1946
107%
101% 102
M-N
i960
3216.
"108%
A-0
1965
>1943
1st 4Vis
124%
J-D
77
68
87 Vi
1937
gold 5s_„_
107
115
126%
128%
*133% 134'A
134% 134%
A-O
116'A
114
123
115
"126%
1343/4
M-N
75
72
1940
Niagara Falls Power 3Vis
For
71
86
1937
5s
113 Vi
107
73,%
mtge 2%s_1975
cons
107
113VA
J-D
A—1948
1962
1974
mortgage 3'As
1st
100
86
1355
N
N
t$AN
J-J
1954
4s
106%
113Va
*125
1960
B
mtge 4%s series C
Public
J-J
& ref 4Vis series of 1927
1967
JAHarlem River & Port Chester—
1st
104
J-J
»st
116
A-O
A 1st
|AN Y Out & West ref gold 4s
27
101 v*
1950
mtge 4%s series
116%
1957
6s
30
70
1950
1st
116
1.940
_.
trust
4s
107%
15%
.1965
IA Providence
54%
A-O
ANon-conv
ADebenture
106%
106
—
115
115
M-N
Coal—
IA Providence
91
M-S
certificates 3Vis
104'%
Q
ANon-conv
ADebenture
1
8
36
1153/4 1153A
J-D
mtge 4%s series B
—■—
1958
Pitts & W V* 1st 4%s series A—
113%
114%
F-A
|N Y New Haven & Hartford RR—
.<
104 Va
104
104
,
M-N
1964
1975
—
1st
109
110%
—
104
F-A
1st mtge 3%s. 1964
Pittsburgh Consolidation
3%s debentures —
Pitts Steel 1st mtge 4%s
111%
108%
"116
1973
4%s_.
mtge 3%s ser E—
Gen
111
II
"110
J-J
J-J
F-A
1970
guaranteed
Pittsb Coke & Chem
108
2043
4Vis series B_
105%
;04*A
101 Va
24
22'A
1963
5s series B
5s series C
4%s series D
1977
-iPittston Co 5% inc deb
—-—1964
Potomac El Pwr 1st M 3'As
1966
107%
3
104 »A
101%
*106
104%
101%
110%
102'/a
105i% 105'%
;
*116'%
107
103
106% 106%
23
F-A
100%
100%
*>>
108%
10
1063A 107
J-D
Pitts Young
3
A-O
105'A
49
104
103% 103%
105%
138
131%
32
104VA
104
104
M-N
4s
5s series A
Gen mtge 5s series B—
91
13
F-A
M-N
105
128%
103
J-D
96'/a
131 y8
15%
Gen mtge
1st
105
J-D
17
_>
108% 108%
108%
J-J
M-S
Pittsburgh Cine Chi St St Louis.1949
Series E 3%s gtd gold
—
1st
101% 101 Vi
9»
92
80 '
107%
*1303A 132
J-J
1937
If A Philippine Ry 1st s f 4s
ACertificates of deposit
95
103% 103%
105'A
78%
49V4
106
*136%.
1962
104%
"1061%
J-D
87
10
13
.
104% 105
105
1963
debentures
100
108
87
1
"106
103%
J— 1974
23As
Philip Morris Ltd deb 3s
3s
*
F-A
4%s
gold
A-O
1980
B
series
5s
102%
98%
10
1333%
Apr
1974
Ry 5%s
Marquette Ry 3%s ser D
Wash 1st gold 4s—
80
V 78%
90
2043
4s
Union
Pekin
&
Series
105
gold 3Vis
133% 1331%
108%
108
Series I cons 4%s
103%
Mtge 4s series A
Mtge 4s series B_
125
A-O
83%
101%
1949
128'%
118%
.1952
3%s
deb
97%
A-0
1966
106%
124 »A
19
1253% 126
134'A
1051/4
81
F-A
_
1
5
124% 124%
118%
83%
1.951
gold 5s»_1948
106% 106 %
124'A
118'%
99%
A-0
series E
Pow
Purchase money gold 4s
106 %
F-A
126%
100%
B_>_1975
»
M-N
7
80
1965
ser
108%
7
1953
guaranteed gold—
.1957
Series G 4s guaranteed
Series 6 cobs guaranteed 4s>— 1960
325
87
90
J-J
__>1980
Connecting RR 27/Bs
1st
N
ser
Y
103
106%
22
1st
N
101%
2
127% 128
1st
96
98%
106% 107
F-A
1975
Chicago & St Louis—
3%s series D
mtge
Ref mtge
\
"1001/4 107%
941/4
94%
F-A
1998
5
% 106%
86
103 %
102
F-A
1998
registered
York
Ref
102
100
*
3 Vis
Cent coll gold 3 Vis
3Vis
New
River
101
;fi
89
97%
Impt 5s
Hud
77
80
~9
92 Vi
89
97%
&
registered
103
106
128'% 128'%
83
F-A
99
&
70
100
97%
Shore coll gold 3 Vis
103
106%
127%
1977
series C
1961
Philadelphia Co coll tr 4%s
Phlla Electric 1st & ref 2%s__— 1971
108%
23
92%
99
Cent
109%
—_
C
103
M-N
128%
General
108%
81
92
•
98%
series
106
A-O
83%
A
106'A
104
J-J
——
Phillips Petroleum 2%s debs.——-
A-O
3 Vis
107
104%
3
81
f-A
Y
104
104%
81
1998
Lake
107
1
109
Ref
N
~4
107
/**•
A-O
A-O
47
.1984
General
105
109
1956
deposit
series
132
109% 112'A
105'%
106
Phila Bait &
123%
deposit
4s
117
.1981
B
series
5s
Pere
112%
__
J-J
1954
1
Gen mtge 4%s series E
112%
1
-
A
66
126
111% 111%
General 4'As series D
General
;
107
2
126Vi
-
2013
RR
A—
Peoria
126
impt 4Vis series A
Central
series
104%
102 Vi
107
F-A
124
—
J-D
4%s
106%
96%
112% 112j/2
A~-0
124%
M-S
M-N
.1968
3s>——
104
95
St
Y
107
105%
114
& Light Co.—
Power
Peoples Gas L & C ref 5s
4s ext——*>^_»> 1960
A Income 4s
Apr 1990
4
"112
M-S
r
1952
J-D
104%
105% 105%
—1956
of
105
1965
.General
Gen
96
Ref
N
11
"107% 108%
*
.1960
—>.—
80
deposit
C
series
__
105
A-0
/ 1st mtge
110
77
Certificates of deposit
4Vis series D„
ACertificates
107
103%
111
*104
105
.1965
;'3s s f debentures
————.
Pennsylvania RR-v
1948
Ccnsoi gold 4s
4s sterl stpd dollar—__May 1 1948
.1960
Cons sinking fund 4%s
Conv
17
J-J
1938
A 1st
A 1st
107'%
105
i
»'/•"
J-J
1954
of
106%
105% 106
107
deposit
A
B__
Certificates
A 1st
A
of
series
5s
series
1
1953
gtd 4s
5s
Certif icates
A 1st
A
Inc
■
,
1983
fNew Orleans Te?.as St Mexico Ry—
SANon-cum
102
1952
imp 4 Vis
1st
12
106
109%
100% 100%
1986
New
O & N E
J-J
1961
New
N
1071% 107%
J-D
77
101% 102%
101%
1952
1st 4s
,
"106%
J-J
1945
gtd 4Vis series B
J Junction
107%
107'%
J-D
A-0
105%
1
J-D
1945
England RR gtd 5s
a Consol
gtd 4s
New England Tel & Tel 5s A
1st
105
110%
102
jANew
N
53
Peoria & Eastern
F-A
5s
cons
107»% 107%
.1960
82%
109%,
1965
mtge 3s
JANaygatuck RR 1st gold 4s
Newark Consol Gas
108
1073%
.1975
87%
76
"106% 112%
1978
1st
debs
inc
conv
Pennsylvania
103
N
Nash
104%
J-D
5
.1947
J-D
1955
>>2000
series B
T
106
1955
3Vis
series A
States
F-A
3Vis
.
100%
M-N
ext.
(John) & Co 3s debs—1958
4 Vis
24
Pennsylvania Co—
49Vi
105
"100
I
1st
68
98
Vi
J-J
5s
105
1071% 108
M-S
386
Montreal
Essex
104%
.
—
1073/4 1073A
M-V
64%
F-A
M
108%
107'%
107%
"106%
J-J
.
98 Vi
M-S
&
102%
105 VA
J-D
1955
3s B
61%
1981
Constr M
101
"108'A 109%
>>
J-D
1960
F L
97
gtd gold 4s
.1991
Monongahela Ry 3V4S series B__._1966
Constr
1st s f gold 4 Vis
98
1949
A 1st
Morris
*101% 1031%
>„
J-D
Paterson & Passaic G & E cons 5s. 1949
^1978
G
5s
J-D
1977
61%
gold 5s series H>*
Tramways
106 %
1979
series M—
M-S
5Vis
ref
Morrell
104%
1974
1977
&
series
105%
20
1971
L
F-A
-
A 1st
Moh'k & Malone
102
Pennsylvania-Central Airlines—
series F
5s
"l
102
105% 1053/4
1053%
J-D
1966
mtge 3s ser N
35
92
105
,
series
3s
1965
4s
ref
102
A-O
102
\*101% 103
__
J-J
1946
1975
ref 5s series A
St
J-J
Co—
3s series J_»_>_. 1970
&
101
gold 5s
ref M 3s series K
1st
106
A-O
>1946
mtge 3%s series I
1st & ref mtge
IMissouri Pacific RR Co—
A General
1st
Electric
&
94
Jan 1967
A
98% 100
J-J
J-J
>
series
5s
adjust
99'A
J-J
>>1978
4o-year 4s series B
Prior
ref
81
Missouri-Kansas-Texas RR—
V-
Gas
&
1st
1st 4s
cons
111%
75 '
1st
inc ser
mtge 4s
Mo Kansas & Texas
1st
105%
107%
Marie—
inc
4%s
mge
A Gen
Sault Ste
&
;
Nav con
&
Short Line
Pacific
St
Minn
103'%
105'A
F-A
gold 4s,_—>1946
gold 5s
1946
J-J
107%
98%
__
Vi 110%
94
101'A
101 Va
14
nltge 3s
Oregon-Washington RR 3s ser A»1960
102
105%
„
*105%
M-S
102
>_
99%
2
100% 101'A
'
M-S
45
101%
Ore
29%
30%
106%
101V4
5
A-O
1st
2%s>
mtge.
Oregon RR
103
20%
99
23
25%
105% 1053/4
15
M-S
1975
Oklahoma Gas & Electric 2%s____1975
Edison
1st
105%
103%
23^4
:__1974
,
Guaranteed stpd cons 5s___,
1951
>
102%
_J
26'A
1952
St Sag 3 Vis
3%S
gold
4s_>1938
O
82%
! 101%
Ohio
103
IfAMet
Side
80 %
—
Metrop Wat Sew & Drain Si/aS—^lSSO
West
65"%
100
A-O
fund_..Feb 1 1957
331/4
"108
34%
93%
192
25 Vi
106 Vi
i
l
98%
44
109%
Baguenay Pwr Ltd 1st M 4%s
Bt Jos St Grand Island 1st 4s
1968
1947
A-O
J-J
105% 105%
*1023A
—
31
104%
lb6%
102%
103%
THE COMMERCIAL & FINANCIAL
16
YORK
NEW
RANGE
Friday
BONDS
Week's
Interest
Exchange
Last
Period
8tock
York
New
Sale Price
Lawr &
2d
St
Adlr
gold 5s
1996
P 5s stpd
1996
-1958
1st
gold 6s
L
Rocky Mt &
JSt Louis
Francisco
San
A Prior
lien
4s
of
A Certificates
A Prior
lien
1950
of
-
1950
B
M
tSt Louis-Southwestern Ry—
1st 4s
bond certificates
A
2d
AGen
J§ASt
P
Scioto
V
N
&
Depot 3%s B
|ARelunding 4s
of
A Ctfs
86
7
108
86
39
72
99
24
72
114%
54%
56%
222
132
119
119'A
8
'*55
-
—
39'A
r—
74'A
75%
27
1
78%
Line
4s
tAst-anoaid
RR
All
1*01
A
ctfs
F-A
—1935
-
20%
2%s sinking fund debentures
1961
J-J
t§ASHesian-Am Corp coll tr 7s
1941
F-A
1965
J-J
2%s
Oil
53%
74%
52%
75
53%
76%
debs.
1964
South
1963
..
l'A
82%
191
2 l'A
20
■
Ala
Nor
RR
gtd
Bell Tel &
5s
57
76
1st 4Vis
20%
104%
10
101%
■
101%
14
66
7
1st
Pacific
3%s
series
Devel
102%
M-S
105%
105
M-S
103
103
105
A-O
104'/a
106%
107
703%
107
107% 107%
19
105%
107%
104%
107%
mtge 3s series
& Southwest
Gen
102 V4
Waiworm
gold 5s
Gas
&
&
Gen
ref
A-O
Apr
97%
94
94%
24
84 %
10
98%
.
90
100
102% 102 Vi
2
100
—1970
A-O
32
100
109
1955
M-S
102
103%
gold 3%s__2000
F-A
Westchester
104%
103%
95
105'%
102%
debs
5%s
.——.
3%s
ref gtd
1st
108
108%
108%
A—1970
ser
*103
*62%
*__
60
64
103%
73'%
103%
105'%
101 %
*101%
102%
117%
1950
J-D
115% 115'%
1
115%
1967
J-D
106
106%
5
105%
107%
1966
J-J
107
107
1
106%
110%
106.'%
7
118
Gen
Ltg
stpd
5s
gtd—
mtge 3 Vis
West Penn
107
123
—
Power
3%s
series I
115%
1952
A-O
107% 108
18
104'%
A— 2014
May
108%
108% 111
53
92%
1950
M-N
108 Vi
108'% 109
1951
J-D
107%
1960
Maryland 1st 4s._.
4%s inc ser
-102%
Af-S
1961
J-D
105%
1959
J-D
3
1951
108%
2361
J-J
126
—2361
109%
102%
57
25
1961
,
M-N
>
104%
Wheeling & Lake Erie RR 4s——1949
Wilson
103
Winston-Salem
105%
104%. 104 %.
104
2
104%
*
107%
tAWisconsin
106%
20
104
series C—
S
1st
B
of
ACertificates
33
77 %
88'%
49
74
*109%
QQ
of
110%
"
99
106%
23
104%
107
9
103®;.
105'%
115
117%
106
J-J
*117%
88 %
„
86%
76%
95
88%
95
79%
1st
4s
1936
Af-N
38%
deposit—
Public 8ervtce
94
89%
109%
__
104% 104%
106%
J-J
1941
4s__
103'%
92%
deposit
I ASu & Du div St term
106
1980
4a
1st
108%
101%
92
%
A-O
Central
108
105'%
87%
Af-S
ACertificates
110%
105
M-S
1970
mortgage 3s——1958
1st
Co
<sz
106'%
4
16
*102% 103
92
M-S
& ref M 2%s series A——1992
Gen
Wheeling Steel 3%
*104%
34
"
;A
;
105%
106%
*107
—1956 ...w-M-AT
*
guaranteed
Registered
66%
103%
4s
9
107%
107
J-J
1st
115
107% 108'%
M-N
West Shove
102
36
64
Westinghouse El & Mfg 2%s
123%
106
~7
.
118 Vi
114%
116%
105% 105'A
104% 105%
64
5s
111
12
102*8 102%
105%
106%
Telegraph Cc—
Funding «b real estate 4Vis
25-year gold 5s
.
30-year
<
136%
95%
1
F-A
.1965
St
M-N
.2019
J-J
gold
37/es
103'A
Tenn RR of
12
101
103%
125
131%-
A-O
M-N
V
■
104%
107
*37
1968
3%s_
A-O
-1971
49%
42%
20
107'% 107%
J-J
92%
19
55
40
*108%
105%
108%
108%
14
__
110%
,
•
-105
Included
not
104% 104 %
107
103%
1
107
10
107%
in
delivery sale not Included in the year's range,
d Ex-Interest. ' e Odd-lot sale not
year's range,
p Under-the-rule sale not included in the year's range,
r Cash sale
the
included
in
the
year's range,
109%
105%
y
Ex-coupon.
§Negotiability impaired by maturity.
tThe price represented is the dollar quotation per 200Accrued interest payable at the exchange rate of $4.8484.
pound unit of bonds.
108%
•
*140'% 142'A
J-J
■
t 1
1"?0
102% 103%
11—.
■
Orl 3%s. -1974
7
"
J-D
—1985
r
129% 129%
F-A
.2000
E_—
Deferred
a
...
5«—
ser
New
103 y4 103'A
Louis—
C—
ser
Pacific-Missouri—
Pac
*96
Q-M
45
1966
..1968
M
123
105 Vi 105%
94%
F-A
85%
104% 105
1985
debs
debs
of
Pacific
&
106%
A-O
Washington Terminal 2%s
84
136% 136%
105
..1959
Texas
103%
Transmission—
Assn
Imp M 4s
*
106% 106%
ryoo
4s_
105%
RR
106'A
debentures
Texas
111
66
118
Apr
92%
85
105% 106 %
136 %
A-O
..1950
3s
104 Va
101%
F-A
102%
Co
103%
mtge pipe line 3s
Ref
103'%
3
110
1991
Warren
?
RR
106%
Apr
1981
Wisconsin Elec Power 3%s
1st
102%
1971
mtge
Petroleum
Wisconsin
Tennessee
100 Vi
__
110
Af-N
101 %
Baking
55
106%
J-J
.
go!d 4 Vis—2013
Swift St Co 2%s debs
115'%
15
*103%
*119
A-O
1995
B
ser
1st
J-J
—1994
deb 3s
3%
109%
112%
Union
1956
Superior Oil 3Vis debs..
104
109%
__
102% 102%
J-J
1949
———1958
Pacific
Southwestern Bell Tel 2%s debs
Terminal
M-S
Ward
55
107% 107%
N J
Co
Western
J-J
Corp
*115%
Warren
*125% 126%
Oil
3%s
mtge
Western
J-J
Oil
*114%
M-S
1st gtd 5s———2003
inc series A
mtge inc 4%s series B
Western
1951
Sunray
F-A
E—,—1975
ser
4s
mtge
101%
4s
1st
98%
W
Gen
105%
5s
2*48
103%
M-N
1957
_
1st
5s——
cons
99%
a996
Standard
*105% 106
*103
Wabash RR Co—
103 %
46
123'A 123%
Calif
Coke
&
104%
118
internal
A-O
M-3
series A—1958
2%s
mtge
Coal
59
A-O
of
ref
&
20
A-O
Oil
1955
B
series
4s
105%
A
eold
107%
105
1959
debs
4s
f
105
1956
-utspokane
RR cons g
s
101% 101%
1956
8tand
A-O
B_———1990
deos
3%s
Pictures
105%
6 Vis
gold
3%s
tsibcuit
J-J
6s
1st
103%
104
111
105
gen
1st
11
105
101'/a
10
3
130
7
gen
Div
35
103
104% 104%
104 %
107 %
105'% 105'%
k
Div
20%
49
107 5A
105%
&
Lou's
34
102% 103
J-J
107%
126
102'% 103%
105%
Devel
8t.
J-D
79
103%
102%
M-N
Devel
Mem
103
*103% 104'%
.
16
105%
M-N
.1996
series
103
*_.
3
J-J
gold 5s
cons
111'A 111'A
103
106% 106%
1961
C
4s
——1970
—.—„
*
105
.—1986
.—
1st
gen
J-J
Virginian Ry 3s ser B—
Co—
RR
B
Ry
Si
F-A
1950
1st 4s
mtge 2%s ser A
series
1967
126
1969
3%s
A-O
5s
23
109% 109%
102% 102%
1981
Term
1945
(Chic)
103
105%
*129
—
—
■
■
A-O
1st
80
101%
19
1977
A
4Vis
Fran
Southern
106% 107
1968
(Oregon Lines)
Southern
107
A-O
■
.
M-N
1975
..
M-N
Iron
■
101% 102%
1971
1
"
■
—1985
Gold 4Vis
San
103
Mo.3%s
2%S——
(subordinated)
Gold 4Vis
Gold
113%
103
*106
V
.
1971
1st
83%
.101%
'-74
of
tr
deb.
Va
Co—
pacific
110
5
60'%
Virginia Electric & Power Co—
Co—
debentures
Soutnern
12
F-A
Washington Central Ry 1st 4s—— -l^R
Tel
debentures
2%s
lu5%
100%
1970
Cons
105
5
74
J-J
3s
105%
*__
MS
1947
Vandalla
100
16
74
A-O
1979
&
Southern
103
J-D
1st
94%
105
3%s
101
99'A
4
102'A 102%
103
103
102%
J-J
102%
101
103
grant 4s
1st
Socony-Vacuum Oil 3s debs
1
103
57%
81
100
106% 106%
J-J
debs
8
M-N
& Sons 3'As_1965
2%s
39%
9
10
101
100
81%
1954
Ou
45 Va
RR—
land
Va
100
...
110
V
20
Co—
6s
(Joseph E)
Union
56»%
*101
A wi——
ser
Fla
M-S
:—
wi
A
ser
52%
57
74%
M-S
1933
5l'A
53%
(Chemical
deposit
84%
51%
J-D
1st
Calif 3s debs
of
Universal
120%
of
of
impt 3%s„1960
40
3vis deb—;
Ref
39%'
__
Co
coll
Pacuic
&
Unaed
86'A
■
73%
1st gtd 4s
High
88%
35-year
120
75
Birm
1st
133
86
Bank)—
Low
87%
34-year
106%
130%
132
Union
62
104%
73
dep
Elec
debentures
2%s
114%
40%
*105%
111
&
Buff
&
&
&
Union Oil
100%
112
55
A-O
-1945
ref
January 1
87%
A-O
Jan 1960
t§AUnion Elev Ry
95%
99
o
119'A
A
5s
Electric
M
1st
97%
84 Vi
99
—-.
Range Since
fcold
No.
J-J
1960
U
Union
116%
87%
A-O
(Chemical Bank)—
series
mtge 4 Vis
Skelly
95 Vi
Vi
3
74
Air
Seagram
53
Vi
56'A
mtge
Shell
46
75
6s
ACertificates
Gen
50'A
44Vi
M-N
1959
Bonds
High
71%
56%
t § A Atl &
1st
36%
Gas
ref 4s
51%
(Guaranty Trust)—
ACtfs
Seaboard
36%
94
F-A
1950
*
dep
654
of dep
cons
Ctfs
A
46%
Range
Friday's
or
Bid & Asked
70
45
A-O
dep (N Y Trust)
of
A Ctfs
A 1st
51
Ham
Ry—
stamped
of deposit
gold
51
114 Vi 114
Certificate
A
48
17
J-D
1989
gtd 4s
1st
Line
Air
ISeaooard
5 A-is
E
40
319
66%
Week's
Last
Sale Price
gold 48—1946
gold 5s
1949
Tri-Contlnental Corp 3% debs
1960
66 Ys
63%
68%
45 %
1941
—1971
L gtd 4%s
K C Sh
&
Union
Paul
St
income
Tol & Ohio Cent
68
62%
46%
J-J
J -J
Ry 1st
Trenton
48%
67-
M-N
gold 5s series A
St Paul & Duluth 1st cons gold 4s_196b
503
66
M-S
1952
1990
ref
&
99%
Ave
A Ad J
63%
-
J-J
unifying 5s
IA 1st term &
96
92%
99 Vi
64%
Exchange
Low
Third
79%
—
63
Friday
Interest
Period
97
68'A
—
1989
Nov 1989
ctfs
bond
inc
4s
New York Stock
Toronto
64%
■
-—
series A
4%s
81
99 %
J-J
deposit
*——1978
ACertificates of deposit stpd
ACons
*97%
J-J
deposit
series
5s
ACertificates
High
*97
J-J
28
January 1
Low
High
Ry
A——
ser
No.
A-O
RECORD
DECEMBER
Range Since
Sold
J-J
ENDING
Monday, December 31, 1945
BONDS
Bonds
Bid & Asked
Low
St
BOND
WEEK
Range
Friday's
or
FOR
CHRONICLE
150
99%
46
103%
the
-
tCompanies reported as being in bankruptcy, receivership,
Bankruptcy Act, or securities assumed by such companies.
or reorganized
under Section 77 of
■
•Friday's bid and
J-D
*103% 104%
102%
104
A
asked prices;
sales being
no
transacted during current week.
^
Bonds selling flat.
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
in
and
deferred
delivery sales
lootnote
in
In the
Dec.
the
week
in
which
disregarded
they occur.
in
No
are
following extensive list
a
is
we
furnish
22, and ending the present Friday
security, whether
every
stock
or
account
a
AND
STOCKS
York
Curb
bond, in which
Friday
Exchange
Week's
Range
ACF-Brill
Motors
Wire
Acme
Shares
10%
L*
?
Alnsworth
Mfg
Air
Air
Investors
Inc
6/e
Mfg
j
:
Power
luiea
&
Fisher
Int'l
$7
preferred
Aluminum
Industries
Mfg
Book
Central
^'A
Nov
32
Apr
10%
200
^0
q4
14'%
Nov
American
Fork
Gas
19%
Jan
x25%
Dec
American
3'%
Aug
6%
Dec
4%%
9%
Jan
19®%
Sep
American
11
18
6'%
Dec
$2.50
39%
Dec
American
Aug
2% Mar
Nov
$2
18%
class
22%
Dec
American
8%
1,600
3%
Jan
9'%
Dec
99%
Jan
134%
Nov
American
115% May
122%
Nov
American
106
Jan
110%
Nov
American
Apr
14%
Dec
American
8%
8%
132
131
™
II
II
~~
37
'
50
52
6i%
52%
1.900
36'%
115% 116%
1,250
112%
a™
950
"
61%
6%
116
24
II
45/.
High
50
4,700
200
17%
Jan
24%
15,500
31
Jan
46'%
150
xlll
Aug
14'%
400
52
52'A
150
24%
1
24%
350
29%
Dec
44'A
44'%
200
32%
45%
Dec
115
Nov
Dec
Dec
Nov
8'%
Jan
14'A
41%
•
—
1
2%
Nov
2%
44
Jan
Jan
50
Dec
47% May
18
Mar
54
July
Dec
11%
Oct
American
62'%
Dec
Amer
119'%
Nov
1st
Jan
400
19%
Jan
200
15'%
Jan
onr>
86%
Jan
414
*
62'
62
21
23%
150
i
r>nn
'
60
3.000
23
52'%
51%
52%
350
47%
46%
48
650
13/fs
73/a
?5/^
3>900
107%
Oct
1% Mar
46
11%
Mar
Jan
44
Aug
42% July
4
Jan
25
26'%
.
Mach.
Laundry
Mfg
Trac
20
common
44'%
25
23%
common
Maracaibo Co—...
24
21%
100
&
5%
17,200
17%
Jan
26*4
Oct
257%
25
-.1
5%
5%
Apr
29%
Jun
20
Nov
24%
Nov
6%
Dec
l'A
Jan
__
Chemical
"
,
40
41
300
31
Jan
44
5414
55'A
100
41%
Jan
59
Dec
—
17'%
Meter Co.;
Potash
3,900
23 %
21%
-25
Co
Jan
17
17'%
2,700
11%
Jan
19'A
Dec
4%
Jan
Dec
Nov
American
Jan-
24
108% 109
Feb
60'%
Jan
24
22
48
Jan
1.7
62
3221.'
8%
24
night—
page
29
Aug
iir
24
J
see
36'A July
14
112%
25
Co—
Low
3,000
112% 114%
45%
common—10c
preferred
50
23%
46 %
23%
__
10
preferred
Rubber
Range Since January 1
Hidih
A
2
2
common..—_•
Corp
Light &
preferred.
6%
132
25
footnotes
General
Hard
48%
100
Americrn
210
1
A
Low
r49
10
Dec
Dec
1
St
common
Electric
&
convertible
Jun-
..100
Power
Hoe
&
convertible
5»%
100
Mfg
Cyanamid Co
preferred
22-%
•
Co
Shares
Americjan & Foreign Power warrants—
Sep
300
•
X,
Class B
For
181200
American
14,100
•
common
Beverageacommon
American
Convertible
100
for Week
Par
Dec
18%
•
common
American
Cities
High
22%
•
_
preferred.......
American
5%
Sales
Range
of Prices
Friday
Exchange
11%
17%
100
Goods
Curb
Jan
36'% May
q
*
pfd
common
Aluminum
American
^
10
conv
<Michi
Co
Ltd
lL
_6
•
e
6%
»*
;■
•
Aiuminum Co common..
Aluminium
2%
22%
t
Investing $3
Bros
4,800
17%
50
common
Products
Altorfer
Low
11%
Week's
Last
Sale Price
STOCKS—
22%
j
Southern
Co
28
York
New
50c
Appliance.
preferred
Alles
Allied
ENDING DECEMBER
10
Great
Alabama
WEEK
Range Since January 1
Hiah
_10
Corp
Electric
Alabama
FOR
27
2
preferred
preferred
Air-Way
$6
(N J)
common
Convertible
Aireon
"IHs
common
Associates
9%
JO
shown
It is
m
warrants
common
cu
are
on the New York Curb
Exchange for the week beginning on Saturday
compiled from the daily reports of the Curb Exchange itself, and is intended to include
any dealings have occurred during the current year.
'
"
1945).
for Week
of Prices
Low
selling outside the regular weekly range
range for the year.
Sales
Last
Sale Price
Par
RECORD
only transactions of the week, and when
complete record of the trans actions
(Dec£ 28,
RANGE
New
YEARLY
the week's range unless they are the
taken of such sales in computing the
122
Nov
Republics
Seal-Kap
common.:
Superpower Corp
$6
preferred
American
Thread
American
Writing
Anchor
Po«t
62
Dec
25%
Jun
54
Nov
Apex-Elec
48%
Dec
Appalachian
8'%
Dec
Argus
....
preferred
Paper
Oil
common
Tnc
8'A
2'A
120
*
42%
46
3
6%
*
10
—i
V*
10%
6'%
10
9'%
8%
800
2%
64,200
%
100
120
47'A
3.500
18
120
Jan
Dec
Jan
9%
3'%
135
Oct
Nov
Aug
49%
Nov
6%
2,900
4%
Jan
8%
Dec
10'%
3,200
5'%
Jan
11%
Dec
10%
600
3%
Jan
12>4
Dec
4'%%
5%
*
common
Pwr
17% Aug
£1
1
Angostura-Wupperman
Elec
2'%
Co Ltd—
rets ord reg
Mfg Co
8'%
1
—-*
Fence
Anglo-Iranian
Am dep
5%
2
10a
com
$6 series nreferred
Jan
Nov
HO'% July
6% Nov
10
pfd.
100
1
40
116
' 13%
*
5 %
40
5%
* 40'%
115%' 116
13'%
14%
200
3
Jan
20'% May
6%
Nov
200
20'A
Jan
41
Dec
20
111'%
Jan
116
Dec
1,200
7'A
Jan
1
,Volume i62
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4451
NEW YORK CURB
3217
EXCHANGE
RAXGE FOB WEEK ENDING DECEMBER 28
'
STOCKS—
Friday
York
Curb
Week's
•
Sales
■
Last
Range
of Prices
Shares
Exchange
P«Y
Arkansas Natural Gas common
Common class A non-voting
6%
preferred
Low
•
6%
—•
6%
27 %
-
10%
Jun
110 >4
Feb
115
29 %
16% July
,
Associated Tel &
Lights Inc..
Clayton & Lambert Mfg
12%
3.200
7%, Apr
15
Oct
Cleveland
I05/«
100
10%
Dec
Club
3Va
3%
1,800
8% Aug
% Jan
•
3 Va
4
Nov
Cockshutt
Tel class A..——-—*
17
104
Feb
Colon
Aug
Colonial
Nov
Colorado
Line' Co__
Plywood Corp—
—
——1
Automatic
Products-—————,——!
Automatic
Voting Machine.——
Avery (B Ft & Sons common——
S
preferred———.——25
10%
12%
91
91
91
Dec
Colt
8%
914
5,800
2%
Jan
10
Dec
Columbia Gas &
26
26%
1.700
17%
Jan
27%
Dec
15%
25%
15%
12
r89
f
425
8,700
140
58%' Jan
& Wilcox
Co
Baldwin
Banco
Rubber
de
los
American
Barium
Steel
Barlow
&
$1.20
Basic
Co
Corp
Seellg
Jan
10%
Refractories Inc
Baumann
1%
<L)
1st preferred--.
Beau
Brummel
Oct
27
125
23
Jan
23'/4
Oct
28%
Oct
48%
<
29%
Jan
Commonwealth ft Southern
Beck
(A
S)
Beilanca
9%
150
;9%;
25,800
43
Apr
Jan
16%
Dec
12%
Feb
Feb
9%
Dec
Dec
3
Shoe
9
10
t
53%
5414
Dec
25%
Nov.
9,
18%
900
,18% Sep
24%
3 Vs. Aug
145
Jan
8%
40
Blumentfaal
Bo hack
1%
(S| & Co
(H C)
1st
nr.y.„,
Inc.—.
Jan
34%
15 y4
Jan
36 y8
6%
Dec
57 Va
-
;
,
25
51
100
146
Mfg
24 y8
Co
.
72
23%
1
——
Jan
150
Jan
44
.
12%
; 100
4,900
1,750
,
American
34%
—
Jan
26
Jan
24
5%
4,800
Feb
6
Jun
10%
2,500
m'
5%
200
,
___
5%
23
23%
6%
"*4%
9%
4%
9%
30
100
—
common
50
:
11%
9%
*
40%
100
9
7 -
Feb
23%
5%
Sep
Jun
4%
325
2»/8
700
30
500
46
4,300
20
9%
33
14%
1,500
14%
Sep
10
;
Jan
Jan
104% 105
—.100
.12 Vat
—.
loo
,
20%
3y8
3%
3%
30,700
1% Jan
12%
11%
12%
10,400
3
21
2,500
—250
——.
104% Dec
2014
10%
Jan:
Jan
'4% Jan
.
1
Dec
14%
Dec
Jan
5,900
3,300
"5%
1
50
5V'a
47/8
40
39
Cables
&
5%
5%
.4%
5%
14 %,
4%
15%
.
2,700
4%
900
CalUte
Tungsten
Camden
Fire
Canada
Bread
Canada
Corp
Insurance—
Co,
preferred
Ltd
29%
31
39
37>/a
39%.
350.
12
47%
11%
Oct
17 Vz
17 y3
100
10 y8 July
20
Dec
Tobacco
2,400*
"5% "5%
800
!
5,700
J2.50
—
—
'
47
1,500
14%
15%
1,000
13%
14 V4
3,600
8 %
108%
Jan
8%
108%
1,400
12
Class
A
Class B
100
Am
—*—.23
25% May
.
•
18
15%
18
500
•
,
voting
15
14%
15
400
&
Co
class A
Class B
Carolina
Co
P & L $5
Casco
;
20
6
Jan
5%
<A M)
*
of
6,900
Apr
20
20
Central
Ohio
Power
...
57%
28
Mar
12
Jan
100
15
19%
—
Ontral
ft
J Cent
&.
South
Proaucts—
Light 1%
West
States Elec
l'7o
Nov
,
6%
15
100
19%
19%
100
12%
12%
13%
11%
11
Jan
40 %
36%
41
Co
-
Corp
.....
112
6
East
Gas & Fuel Assoc
Feb
31
74%
2,300
33
21%
200
57%
Dec
21%
Dec
Nov
Feb
■
14%
Dec
120
Apr
107 Va
Nov
22
122%
4% Apr
25% Mar
13
1,700
Dec
114%
300
63.
Jan
37
.38%
110
18
Dec
37%
250
18
Aug
Aug
48
35
45%
Dec
33/4 Aug
7%
Dec
7
6%
7
■
16,000
122
•
$3.50
$4.20
Electric
18
18
100
19
19
100
.
8%
Feb
10%
Jan
16%
Jan
112
20
Dec
125
14%
Dec
Aug
15
Aug
88
Apr
Xl02%
74
Apr
Jan
103
Nov
Jun
66
Jan
Nov
*
'
Nov
20
9%
Sep
300
20
3%
Nov
20
8% May
77/a
Nov
Dec
7%
15 Va
200
11% July
16 Va
,7%:
'2,600
99%.
2% Jan
78% Feb
100%
7%'
15 Va
15 Vz
99%
73
72%
74%
Dec
Jan
98»/4
.
800
6%
■: 7%
.
common
Dec
21%
National
5%
Co
2%
5,100
.
—...
io
28%
•
142%
28%
142
29%
7,800
143 %
950
137
,
3
Dec
$2.50
Jan
174
Dec
Falstaff
16%
137
,40
12%
13%
Pipe
!
May
47
125
39% Jan
4,600
Jan
■
19%
20
25,700
73
73
300
9%
Jan
117,
Jan
Jan
110% Mar
57 Va Nov
14% NOV
Jan
8
26 %
Jan
21% Nov
Nov
70%
Nov
76 Va
Dec
76%
800
73
Nov
80 Va
NOV
140% 140 Va
7Vb
7%
200
70
Jan
143%
Dec
1,100
8%
Dec
18%
19 Va
200
11%
Jan
19%
Dec
50
50
35%
Jan
58
Dec
25
25%
2,800
15
Jan
33%
Jun
14%
14%
200
3%
3%
50%
15,100
50
15
25 Va
15%
,500
44
'45%
700
..
Jar>
•flr
50
3%
50
550
Sep
104%
Sep
10% Aug
Jan
1 Va
Jan
43
7% Mar
44
52
Oct
108% May
15%
4,
54
17 %
Dec
Nov
Nov
Oct
May
25
L|ne common—
Eversharp Inc new common-
% Aug
11
•
_
Dec
Dec
200
76
53
NOV
50
73
rl41
7Va
6% pfd
Emsco Derrick & EquipmentEquity Corp comhion—
——
$3 convertible preferred..
Esquire Inc
————
Engine A
2%
Cities Service common
84%
81
—
Camera
2 yi
85
47Va May
75
19%
District Electric
Falrchild
1
360
Nov
17
—■—
preferred
Empire
Fairchiid
Chief
.
12%
Watch Co..—
Sep
17%
174
Oct
5%
30 Va
Nov
50
164
,—1
19%
common
Nov
Feb
166
42 Va
33
Oct
Sep
48
Dec
16%
Nov
Dec
Dec
Sep
100
75
51%
Nov
Jan
1% Jan
25
80
80
8% Nov
82 %
-7,700
4%
4
:
Feb
46 %
Nov
11%
—
Nov
22
34%
Consolidated
475
1,225
33%
Corp..
144
150
33%
r
Corp—.
Jan
450
common
page
Dec
6% Dec
-
May
6%
8%
warrants...
Option
Electrographio
Apr
Deo
15%
see
9lV4
90
20
common—»
pfd formerly $5
pfd. formerly $6—--.:—-*.
Power & Light 2d pfd A...—*
.
Elliott
12
42
footnotes
34 V* Nov
'74%
84
& Share
Bond
Electric
Elgin
52
15%
preferred BB
Jan,
6,700
Nov
19
Jan
38 Va
preferred.—*—
Dec
109
-J
.,
119% July
16% Nov
42
For
12 Va
21% Dec
Oct
11%
20
6
Eastern
Dec
15%
$6
Sep
Oct'
15
preferred series A
preferred series B
Sugar Associates—
$5 preferred ...
Easy Washing Machine B
Economy Grocery. Stores...
May
r41%
B
,
30%
144
13%
142
conv
&
—1
Inst On.
Airplane..
pfd
Brewing..
—
—
15 Va
1
*
-1
83 Va
6
15 Va
6
15%
1,900
6Ta
21,300
87
81%
79%
13%
13%
14
(Phila)
.
.
—
Dec
300
16
106
11%
Apr
Feb
Oct
Jun
27
Nov
July
75
Jan
4,200
*
Fedde'rs Manufacturing Co
___1
Federal Compress « Warehouse Co—2*
Association
7%
100%
7,600
Fansteel
Fire
' May
Oct
27 '
Oct
Nov
Aug
3
56%
25
Dec
Metallurgical.——
11
600
23 %
83 Va
84%
Dec
,
Nov
38
67
$6
Dec
4
preferred
10*/4 Dec
39
i
13 V4 Oct
2,200
;
12%
prior preferred.
4%%
Nov
30
37%
25
preferred
Dec
'
Apr
20
5%
57/8
dep rets ord reg——;
Hosiery class B common
Dec
.*
60c
Jan
6Va
Jan
61
73 W-
90
15
Chicago Rivet & Mach
$3
Dec
21%
27
'—.
Ltd
Stages
38%
5
...
Mining—
IChilds Co preferred
NOV
26
200
Malleable Iron
34 Va
u Apr
17% Aug
1,700
10
common
common..
Dec
14
Jan
18%
.
Steel & Coal B————
Eastern
Jan
118
11,000
5
Chesebrouvh
Mfg
;
Chicago Flexible Shaft Co
155
Sep
900
35
31
x31
common
Corp..
Eureka
Cnans
Apr
8
20% Aug
1% Jan
5% Jan
50
~
Dec
Dec
155
V
Eastern
.100
Chamberlin Co of America.—
Cherry-Burrell
Jan
Co Ltd—
Dec
18
.100
29
common
40% Mar
Dec
15%
16 Va
,
Apr
10%
dep rets »rd reg.—.—
Corporation —.
6%
Jan
7% July
118% May
Apr
12% Jan
200
11%
,100
ser
Aircraft Co
8%
4,700
.121
-50c
ser
Cessna
121
Utilities
Conv
5V4
Apr
...
29% Nov
14%
1
.100
Feb
Sep
104%
preferred
Conv pfd opt
7%
Dec
51
r
July
24
pfd—. .100
preferred
dlv
pfd opt div
42%
-10
1
Jan
25
116
America
Steel
16%
100
;
Central Maine Power 7% pfd—
.100
Central New York Power 5% pfd. .100
Central
1% Jan
.
325
32
56%
1
& Co
Corp
4%
30
pfd——
com
Products
Castle
nataJin
4%
29
32
—
common
(J W) Co
Carter
4%
30
...
—
"arnation
Dec
50 Va
Jan,
4,500
18%
Corp,——..1
$7
..j
City Products——
Carman
,.
22l/a Jan
25 Va
9V'a
34%
Durham
-
Canadian Marconi—...
Capital
Aug
4% Mar
9 Va
5ya
preferred.
Dominion
Alcohol-
voting
non
32% Dec
22% Mar
5%
21
-21
preferred—
Dominion Bridge. Co
Apr
_*
common—
Participating "preference
Oct
Oct
Jan
Apr
,
16
11%
Duval Texas Sulphur.—,
5
Oct
6 Ya
72
Apr
138
debenture.
Duro Test Corp common——
25
Nov
32
82
Domestic Industries class A corn-
Nov
Jan
9
Apr
2>/a Jan
351^-Rcb
preferred
14%
July
Dec
Jan
3>/a
31
••
47
10% Sep
Nov'
13
5
11% July
22
Jan
32
Class' A v4ypnverfilbis...1.1.*
Am
10% Nov
20
—
Industrial
Jan
6% Mar
7% Mar
15
25 y4
common.
Lighting Inc common.
(Mo)
Dec
6%
Dec
30%
Sugar
4%
1,200
17%
Dec
..5
Atlantic
15'A
Ouke Power Co——
2,100
Dec
7%.
0 '
Driver Harris Co..—
12%
16%
7y8
Dec
12%
Nov
10% Nov
8
July
7%
Dec
11%
.
25©
28
_•
10
7%
11%
11%
4Va
200
Dobeckmun
Dec
—•
Canadian Car & Foundry Ltd—
Canadian
1
34
Jan
2,900
Divco
Dec
———.5
Ltd,..
Cement. Co
6%%
——
10%
Aug
1
15%
9%
5%
Jan
Dec
Oct
24
20%
Jan
3% .Jan
Nov
8%
Jan,
7%
|i
Dec
45
20%
1%
200
'
8%
_1
Dunlop Rubber Co Ltd—
dep rets 5% pfd——£1
Sugar Estate—
——1
California Electric Power—.—.—*10
32 |
20 y8
2
Wireless—
American
;
Dec
6
2% Aug
•
—....
|Md>
100
Calamba
Nov
109 Va
A
Petrol
Cent
Cork International
300
:
Nov
Jan
8%
13%
Draper
5%
~
Nov
8Va
84
2,500
12,700
&..Chem Co Ltd.
Dominion Textile Co Ltd—..
Voting trust certificates——500
2V'a
32%
Jan
»7«
525
40
Apr
2
,
5,700,
Dominion-Tar
Cable Electric Products common——BOe
6% Aug
80
106
13%
7%
Nov
3%
30
7%
.
3%
Diana Stores
,22% Nov,13%
Dec
Nov
113
De Vilbiss Co common
Dec
106%
11%
29%
Jan
Jan
1%
1%
6%
Gray Iron Foundry
—
Detroit Mich Stove Co common
Detroit Steel Products
Feb
15%
Nov
Sep
3,150
,v
33%
6%
Dec
10%
13%
Dec
Nov
6
38%
15
12%;
Detroit
9% Nov
48
26 Va
Jan
102
29
12%,
B'/a
Distillers
HJ11 & Sullivan——i... —2.50
Corp Am dep rets—
Surry Biscuit Corp.—
Butler (P; H) common—
14 y8
Dec
Mar
9%
Jan
50
110
28
12%
32%
6%
Sep
46
Dec
550
110
29
Derby Oil & Rsf Corp.
& Mfg....
Dec
100
Nov
Oct
76%
4% Jan
1,400
1,300
Detroit Gasket
11% Nov
34
3% Jan
2,200
...
4%
Apr
Jan
Feb
91
24
10%
10ya
Jan
16 y4 Aug
200
27%
9%
Apr
2ya
3,900
3'/a
g6 prior
Dec
Feb
20
100
5%
:
5
5%
8%
300
,
35%
26
Dejay Stores common
——_
Dennison Mfg class A common—
Nov
Jan
10
23 y4
Jun
D
Dec'
:
116%
,
.
350.
110
——8''
Davenport Hosiery; Mills.
Dayton Rubber Mfg..
,
Nov
23y4
7%
Dec
4,500
„
Dec
Dec
86
43 Va
106
20
9%
73
Jan
..
Dec
Jan
28
118 %
7 V8
,
Dec
19%
4,600
.
10%
Curtis Mfg Co
May
24
Jan
Sep
4%'
27%
25%
67v4
114'A
,
Nov
21
<4-
19%
500
Co common..
Mills Ltd
preferred
Burma
Jun
.
Mar
20 %
•
Buckeye Pipe Line,——..—
Buffalo Niagara Electric Corp^—
Bunker
'
23
6%
'45'
prior preferred
Brown-Rubber Co
(E Li
Aug'
17
31:
20
■■■
3%
10u
Dec
43 Va Mar
.70
23
4%
Jun
700
108
23
:
5%
Feb
700
(ord reg)—£1
Curtis
Dec
2'% Aug
1
Nov
Dec
23
11% Jan
86
8%
1%
—
Cuban
Dec
15
23%
—*
___
Brown Forman Distillers
Bruck Silk
Dec
20
800
Dec
4%
24%
72
~6%
preferred—..
Co
Brewing
Cuban
Ltd—
Brown Fence & Wire common,,.
Class A preferred.
Bruce
6%
3.300
Nov
41
Jan
U Jan
.
,800
.
32%
.
23
Oct
Oct
117
108
"9%
72
—5e
preferred
Crystal Oil Refining common.
$6 preferred
Nov
3,900
20% Aug
Amer dep rets ord reg.
—— lot
British Columbia Power das* A
—•
$5
79%
Sep
—
convertible
Nov '
4
5%
20
f|
Dec
Dec
Crown Drug Co common..—
29% Nov
•
27%
350
5
.35%.
common.—
oiuwn
Tobacco—
JJ1
46 %
101
Jan
1/64 Jan
199,500
19%
85
103
Crowley Milner & Co
Dec:,
23%
."9%
20
71
1,100
115%
——-1
Crown
Nov
24 7/s
,
dep rects ord bearer
.dep rets ord reg-.—
Class B
Jan
% Jan
,
4
„
Crosley Motors Inc——.....——_—*
Dec
%
24
5
5
10%
common.
Va
3
78
5
.
_i
Dec
Dec
9%
34 % Mar
710
....1
Croft.
Sep
32
'
23%
85%
,115%
——..*
American dep receipts
Creole Petroleum
-
Nov
51%
22%
•
—•
—
24
2%'
70%
A————
British Celanese
■
56
110
British American Oil Co,
Am
Dec
28%
30
39
5
& Pwr
Aeronautical
Class
Am
Nov
9% Jan
50
150
39
~2%
•
—100
Bridgeport Oil Co
British
Jan
15% Jan
200
51%
150
*
t
.
2.600
Courtaulds Ltd—
Feb
150
Petroleum
convertible
5 %
Jun
3Va Jan
56'/a
39
common——,—
Corp common
Brewster
■
10%
2,200
16,700
25
v
Cosden
Nov
■•{ '175 "
51%
51%
15%
Corp
—
Co.—————
Reynolds
preferred A—
$6
6%- Dec
10% Aug
800
5%
56%
*
.
r..^T..
Brazilian Traction Lgt
Brillo
21% Dec
55
;•
1st preferred
2d preferred—,
$5
31%
30
preferred—*
7%
45
Oct
Oct
8%. Nov
17%
May
41
Steel
Cor.' vbn .&
"
Bowman-Biltmore
Breeze
28%
5%
5%
preferred—————ilOO
Bourjols
7%
30%
29%
Co common———*
Borne Scrymser Co
1% Jan
14% July
14%
31%
$3 optional convertible
Conv pfd called—
36% Mar
17,400
5%
13%
common
Feb
Jan
10
-1
Bliss < E W) common
——
—_1
Blue Ridge Corp common————1
Nov
70%
.
3% Aug
8
4
250
4%.
.....1
Cornucopia Gold Mines———
Dec
46 %
46
40
5
168
Mar
30
Fdy & Mach Co com—*
Jun
50
,
Jan
1,300
Dec
Dec
22%
14% Mar
Dec
5%
11%
1,800
&
3%
—1
Range. Co..
Copper
Nov
2,400
1
Jan
41
19
1%
prior preferred.————.—100
Cook Paint & Varnish Co.—
Dec
7%
%
..."
Co..
Utilities
Gas
Textile
Consol
Dec
55
22%
.
Jan
4,800
42 Va'
39%
..1
—...
Continental Fdy & Machine Co..—1
Continental Gas & Electrio Co—
Nov
15%
;
6%
Bickfords Inc common———
Blauner's
135
.
Jan
22%
Tel of Canada-,:
,——100
ti Hedges common————*
Birdsboro Steel
Jan
Biscuit
Consolidated
10
6%
Berkey & Gay Furniture
351%
28 Va
.——_*'
Mining & Smelt Ltd—..8
Consolidated Retail Stores.———.!
Consolidated Royalty Oil——.^.10
Jan
400
1946
to
—
series B preferred
Consolidated
Apr
8% Mar
106'
Mar
22%
preferred———,—*
Jan
8
"
Consolidated
5%
Benson
Convertible
8%
500
100
y*
3%
———100
preferred series C——.100
15%
100
17%
1
Corp—
extended
c
Gas & Coke Secur common,
preferred
4%%
20%
common——1
Aircraft
Jan
50
8%
99
39%
-
Consol GELP Bait common.—.—*
1,500
9%
/
16%
wart ants
,
50
20
—_1
common
1%
300'
7,-'
40%
.100
Community
48% Dec
Aug.
9y4 Nov
1,700
.100
*
——
9%
28 %
Compo Shoe Machinery—
8%
•
—
Jan
100
38
7%
Public Service
25
Community Water Service.——I
20
1
..
Ties—.
Beaunit. Mills Ino
Bell
_
common—
NOV
19%
Nov
20%
9%
8%.
6%
36
■40%
—100
18 ya
47%
5
common....
ey4
Arms.*—..—28
Jan
10'/a
1
—
A
Dec
13 Va
Electric—
preference
$3
9%
18%
Jan
15,300
15%' 16%
7%
Apr
Jan
40,
—.
63
■37 Va
(new)
5%
Mfg—
convertible
Fire
wrnts
10%
800
—il
.
Iron
300
30
common
48
61
15%
.1
&
26
48%
19 y4
61
.*
common.
600
Andes-
shares
Fuel
Consolidated
•
77/a
Jan.,
9
,3%. Jan
9%
Baldwin Locomotive—
—J——
.100
..
Airlines
Patent
s
5 %
V
preferred
7%
8Tb
100
'
Conn
7-7e
4,250
High
900
.
Co.—
19%.
16
m
27V>
28'/a
_e
16% Mar
1
25 y4
19%
..I
19
9y4
1
—
12%
7% Aug
11%
'27%
Development ordinary.——..*
10
B
Babcock
Co
11%
...
Atlas
Ayrshire Collieries Corp—
Jan
July
Plow
%
;
11%
.15%
Illuminating..
Corp.—
Utensil
9
..*—50
—.
3
101
Coal
12
& Coast RR Co pfd..100
Coast. Fisheries
1
Atlas Corp warrants
Electric
Aluminum
10 V*.
Birm
Atlantic Coast
Neon
Dec
Low
15%
16 Va
48
Claude
Range Since January 1
High
Low
7%
Dec
Dec
11'/a
Clinchfield
Associated Laundries of America
Shares
;
'
& Suburban Homes.
.10
Clark Controller Co..—1
12%
£1
-
for Week
City
10%
12%
—
dep rects reg
Sales
Range
of Prices
Friday
Exchange
City* Auto Stamping
7ya Dec
1,300
27
11 %
Curb
'For
Dec
Electric Industries-
American
6 %
Jan
28
112
Atlantic
3%
20
Light $7 preferred-*
Aro Equipment Corp
—2,50
Ashland Oil & Refining Co
J
Atlanta
11,100
2,900
il2
11
Associated
4.400
7%
7'/a
York
High
Jan
6%
_10
.
Low
3%
6%
Arkansas Power &
New
Range Since January 1
High
6%
i
Week's
Last
Sale Price
STOCKS
for Week
Sale Frice
New
67%
66 Vt
673 4.
3221.
1
240
38 %
56
27
14%
Dec
Nov,
Oct
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB
RANGE
stocks
York
Curb
Last
Rang*
Share*
Friday
Exchange
Par
dep
rets ord reg.
Ford Motor of CanadaClass A non-voting
Class
Ford
B
Amer
of
Low
At
8'/a
High
30
———.
8
Low
dep
(Peter)
Rang*
of Prices
High
rets
Franklin
Stores
bearer
5%
$3
2,600
1,100
400
26%
15
13%
15'A
8V2
Jan
Par
22
23
common.—1
303/4
30
%
30%
1
Malt
&
337a
33%
33%
*
convertible
preferred.
99
99
1/
24 Va
Aug
34
Jan
20
Dec
31%
Dec
17%
37
Dec
99
27%
28%
13%
13%
700
•
',3%
12%
■.
2%
3%
73,600
16%
500
Jeannette Glass Co
Nov
23
Jan
55%
Jan
105
77
Jan
131
———•
16%
~2%
High
Jan
%
Jan
Jan
29
Dec
8%
Oct
1474
Dec
1
Jan
17,800
•
700
19
42
Jun
2%
Dec
-
16%
Jersey Central Pwr A Lt 5%% pfd__100
6 %
preferred
100
7%
preferred
.—100
47a Mar
Julian A Kokenge Co
4%
Jan
207a
Jan
1087a
Nov
108
108
50
110
HO
100
107% Mar
111
Nov
111
'
Dec
111%
30
108 % Mar
1147a
Dec
29%
Nov
•
104
.
"
Nov
Nov
30
.lit
27%
1
Italian Superpower A
Jan
3ya
10% July
17% Jan
250
-
~2%
Dec
450
.,;
Low
2%
17%
7% May
9% Dec
5 %, Mar
1,700
———r«
Jan
Range Since January 1
High
Irving Air Chute
Dec
32
Low
Interstate Power $7 preferred——•
Investors Royalty.
1
Iron Fireman Mfg voting trust ctfs—•
Dec
31
Jan
3%
4.400
22%
.1
—
stock
conv
Jan
22 Va
200
97a
27%
Distilling—.
Grain
53/a
28(4
9
.1.21
(Geo A) Co
4%
30%
5%
22 V*
Brewing
Co
Fuller
1,800
France—
Franklin
Froedtert
8'/4
29
V
Fort Pitt Brewing Co—
Fox
28
Week's
voting
Motor
DECEMBER
Range Since January 1
Ford Motor Co Ltd—
Am
EXCHANGE
ENDING
for Week
•f Price*
WEEK
27 y2
27%
25
20%
21%
200
20%
Dec
25
Dec
23%
24
400
13
v
Jan
25
Dec
400
115%
Oct
11357s
Oct
8'A May
16%
Dec
.
21%
Feb
K
Garrett
Corp
Gatmeau
5 %
common.
Power
Co
10%
11
11%
4,100
7'A Aug
9% Jan
87% Jan
common.
preferred
Gellman
Mfg Co commonGeneral Alloys Co.
15 v.
Fireproofing
xl3%
3%
Jan
15%
2,600
1%
Jan
common
2,200
9%
1,200
9
25
General Outdoor Adv 6%
pfd
100
General Public Service
$6 preferred—•
General Rayon Co A stock
—•
General
Shareholdings Corp com.—.—1
$6 convertible preferred
•
Gen Water Gas &
Electric common—._1
Geoigia Power $6 preferred
•
$5 preferred
—•
Gilbert (AC) common
•
Preferred
Gilchrist
Co
14%
9%
•
106
6%
Apr
8>A
Feb
9
Dec
;
1,000
106
.18%
& Co
Jan
107%
125
5%
5%
6
106
?
900
106%
114 % 114%
Alden
50
Corp
30 V*
100
15
22 %
22
';'!17%
7 V*
2,600
3%
800
48%
40
common
Graham-Paige
Motors
13
1,000
conv
Great
Jan
106
July
July
59 y«
60
150
39'A
Jan
64
Dec
500
22% May
37
400
Aug
7% Mar
14
Dec
31%
32%
12%.. 12%
19'A
is y2
19%
%
Jan
2%
Dec
Feb
48%
24
Jan
14%
Dec
Jan
52
Nov
1,300
r23 '/a
stock..
112%
110
.100
112%
.28
42
43
18%
13%
ami
Apr
24%
8% Aug
18%
12 %
13%
Dec
86
Jan
117
127
Jun
140
850
19%
Dec
x24
50
42%
•
Grocery
10%
225
135 y4 137
35% Mar
10% Mar
1,800
600':
.4%
Krueger
1
Feb
15%
Dec
J14% Mar
•
*13
Nov
15
Co
common
.10
ctfa
Hearn Dept Stores
Class A
Heller Co
5%%
(R)
Herder's
Horn
common
I
28*
—
*
preferred
w
w
Nov
Aug
140
6%
11%
7
6%
53%
Jan
67%
1%
Jan
10%
100
11%
7
18%
16
23%
18%
3,000
16%
16%
17J/2
Jun
2,700
42%
100
43
23
108
23%
*
26
Dec
25
Dec
Jan
19%
Dec
Jan
18
Dec
20% Mar
45
Dec
1
—
17
16
Dec
103%
Jan
110
Dec
Nov
:
1,800
75
41%
41%
10
40
41%
475
5%
Jan
26
Dec
19%
Jan
39%
Nov
Jan
78%
Dec
9%
14%
Jan
14%
Nov
Jan
26%
Oct
Jan
21
Dec
37
Mar
124
41%
.
200
33
14
•
Corp
Jan
Jan
2,000
100
preferred
Nov
6%
800
39
14%
•
preferred
40
75%
14 y2
22%
22%
*
A Co common
108
38%
75%
14%
•
Ino
50
8%
,
225
75
v
.2.80
A
Nov
'11
26
.10
Dec
8V4 Nov
12% Dec
Jan
29%
43
8
3% May
400
May
30%
110
37
35
37
4,700
100
25
Jan
Mar
Oct
.
41%
130
Dec
May
41%
Dec
113
Jan
40
Nov
104
Hubbell (Harvey) Inc
Humble Oil &
33
Refining
Hummel-Ross Fibre Corp.
Hussmann
Ligonier
150
48%
50
13
12%
13
5,800
1,400
46
45
46
200
Co...
$2.25 preferred.
Com stk purch
warrants.
Huyler's
? 34
49%
—
common.
16%
8%
~8%
1st
preferred
Hydro Electric Securities.
Hygrade Food Products.
\
Oct
23
Jan
34
Dec
40% Aug
7% May
50
Feb
1O6 y8
Dec
Dec
Jan
33 V2
Nov
42
Sep
48
Nov
7
Jun
20
200
9
14%
10%
17
2,200
3%
Oct
Jan
9%
Dec
_5% "5%
Mar
300
23%
r6
23%
3% May
100
48%
6%
Dec
14% Mar
25 V*
Dec
28
23%
-10
Illinois
Zinc
Imperial
Co
Chemical
72
32%
68 Vt
26
-80
ctfs
coupon.
Ireland
Dec
2,500
53
Jan
19%
3,700
15
Mar
27%
1,600
13% Mar
2,100
6'A July
11% Jan
Lane
Wells
Co
Monotype Machine
Realty common
Convertible preferred
Prior preferred
Leonard
Oil
Lionel
7 %
Lit
(R G)
preferred
100
Insurance Co of North
America——10
i
International Cigar Machine
International Hydro Electric—
Preferred
$3.50
.*
series
Loblaw
26
Inc 6%
Warrants
Class
,
she—•
Common
7%
ctfs
of
preferred
Manischewitz
(The B)
.
Mass Utilities Association
MH99CJT
Massey
Products
—10
International Safety Razor B—..
*
International Utilities
Corp com—-18
$3.50 preferred
80
For
footnotes
see
page
3221.
10%
5%
16%
v
McColl-Frontenac Oil Co 6%
McCord
Corp common
$2.50 preferred
;
McWilliams Dredging—
Mead Johnson
New
&
common
10%
5%
11%
5%
4ft-
400
700
900
13%
Feb
14
2%
267a
Dec
30 Va
Apr
Dec
Jan
18 7a
Mar
257a
Oct
Oct
16%
5,200
10%
Jan
16%
Dec
3%
59,600
U Sep
37a
106
107 %
200
85
July '
94
95%
500
80%
Aug
12%
8,800
•11%
>
7
39
100
8
1,100
40
GOO
32
New
common
8
1
40
7%
T
40
12%
•
Jun
41%
Oct
A
17%
16%
16%
29%
West
c
30
9%
Mar
7
Corp
1,100
7
:
Oct
13% July
4% Dec
14 74
Jan
12%
10
144
4,100
29
•
300
Dec
30
Dec
Jan
.13
Dec
Jan
282
Dec
7 91
27
500
1,900
13%
Jan
9%
200
372
Apr
Dec
27%
12%
Dec
60
Dec
17s
Jan
500
8%
Jan
15
Nov
12%
Jan
26
Nov
20%
1,500
1,100
23
May
4%
3,600
22
•
23
Xl7%
4
22
17
87s Mar
157a Aug
9,000
16%
2s/s
11
39
'
39
25
28% Jan
7 2% Feb
200
1,900
26
26%
76%
"8%
15%
1
>8%.
19%
1
4%
15%.
•:
:
1,100
-
16%
2,400
13,100
20%
2.200
Jan
7
Dec
pec
Dec
:
•
Dec
49
Dec
Sep
107
Nov
Jan
20
47
97a
Dec
Oct
Dec
50
18% Mar
22
Anr
50
38%
X10%
10%
12,500
4%
9%
4%
4%
3,700
1,200
•
Dec
Jan
48
8
Nov
10% Nov
1%
Jan
6 74
24 V3
—100
Jan
Feb..
129
28%
19 %
17% Nov
194
X10%
10
Apr
Feb
IOO
194''.
20
3
33% Nov
Oct
300
47
.9%
8% Dec
13
11%
9%
81
Dec
43
10 74 Feb
179
Feb
3,000
-
Aug
Jan
1%
,
5
• 4%
194
Dec
Dec
21
4%
_
•
277a
97a Aug
27s Jan
11%
*
•
13
37
' Aug
4,400
9%
8%
19 %
com___5
2%
Nov
Nov
8 7a
Jan
46
50
8%
49
100
10
36
42%
Jan
14
500
76%
8%
45%
1
common.
37a
3,300
-—• 7
—5c
872
27
Mar
13
26%
47
partio pfd
•
Corp of America—___10c
Feb
Dec
104
;.
•
A—
5
Dec
500
6
Aug
Dec
187a
12
5%
6 74
10% Aug
35%
5%
19% Nov
50
35%
r35
7%
9% - Nov
•
1
./. 227a
77:7
11%
7%'"
;c
Jan
26
Y
10
Murray Ohio Mfg Co
Muskegon Piston Ring
Muskogee Co common
Jan
% 50
21
-7
common
Power
3
12,600
50
L__
N
common
Tel & Tel
Jan
Jan
5%
4%
1
1
preferred
States
Jan
Jan
37a
16%
V*
21%
•
Corp
States
k
200
•
common
new
f
•
3%
13%
10
Utilities
:
5
Xl7%
•
Society
1,500
~&k
22%
8
Supply
Pictures
conv
100,
8,700
13
50
Service
50
6%
Dec
227a Dec
9% Dec
110% Dec
7% Nov
.
16%
Refineries
Public
6'A
Dec
'
150
10 %..10%
'•
Oct
18% Dec
Jan
27%
8%
5%
Co
Co
Nov
46
Jan
45
common
Wohl
Dec
22 Ve
7^8%
common
&
Dec
94
-j.
4%
4,200
109 l/a 109 J/2
Abrasive
Piping
Dec
6% Feb
Jan
21%
•
*20%
:
10
jf—
Oil
Mountain
Mar
40
7% Mar
900
.
282
"*27-7
20%
^
$2 non-cum dividend shares
5%%
5
8%
.
Midland Oil Corp $2 conv preferred—•
Midland Steel Products—
Co
18
Jan.
1
500
17
285
29
8%
27
•
Preferred
10
Micromatic Hone Corp
1
Middle States Petroleum class A vt c.l
Class B v t c
1
Mid^ale
18
260
Corp..
Participating preferred—
Michigan Bumper Corp.
Michigan Steel Tube—
Michigan Sugar Co
Mid-West
417a
.;
"
_•
Scott
a
-
17%
~6%
A UAUiiw
Textile
Middle
13%
8% Nov
Jan
Mar
94
•
Messabi Iron Co
May
5%
Dec
Dec
10% Dec
30
July
1467a
Dec
28%
700
18
Jan
29
Nov
19 %
19%
200
13 7a
Jan
20%
Dec
16
•
28%
16 74
300
10
Jan
17%
Feb
1974
Jan
N
Bellas
7s
Dec
National
Breweries
53 V2
Mar
40
114 7a
36% Mar
preferred—^
A
National
Jan
Dec
*
T
Nachman
Jan
127a
7 5% Aug
8% Jan
1,100
3,100 >
4>A
'
i.
ff
•
12%
3%
.
13%
pfd-—100 ■?
——
Chapman
6%%
LCbtti
Metal
12%
3%
13'A
Warrants
Jan
5172
Dec
2% Mar
14%
33
"
Merritt
Dec
6V4
Dec
99
Aug
Jan
Dec
III
•
-
—
217a Mar
13
Dec
Jan
Feb
Dec
87a July
274 Jan
Nov
Dec
25
109%' Oct
Mar
23
Nov
4
46%
3074
38%
—....—-—1 V
8 T;
Nov
39%
40
Sep
Feb
Jan
94%
Memphis Natural Gas common—
Mercantile Stores common—
26%
22
Oct
1%
li%
2%
12%
III
Mountain City Copprr common
Mountain Producers
26
Oct
150
285
Nov
Oct
80
"4,500
27%
16.'.
Co.;
14
Sep
Dec
Mar
12,500
18%
26%
'
107
.1
Dec
Jan
Dec
II Va
24
1
t c
11%
18%
3%
16%
16
nailio
^arris common
Plan
97a
18%
22 7a
Mar
27 %
Investors
100
May
Dec
4
600
100
•r
Morris
8,800
Jan
6% Mar
21% Dec
.200
.£]
Moody
23%
Dec
"
•
Communication Co Ltd.
Marion Steam Shovel
Oct
20
12%
400
•
9%
17
Oct
19%
Nov
Consolidated Mfg Co.T.
Marconi Internat Marine
Nov
Nov
Dec
Mapes
100
Nov
Dec
24 V»
34
Co
113
2872
14 7a
'24%
Manati Sugar optional warrants—
Mangel Stores common
Feb
68
97a
Jan
24%
2%
Jan
Feb
Jan
6%
M
Jun
Jan
Jan
3%
*
Montana Dakota
20%
15%
24%
common
Dec
19
20
Nov
2,000
300
dep
Jan
2,100
23
Jan
28%
8
Corp
Monogram
100
,
23%
ctfs of dep.
6% preferred B ctfs of dep
Louisiana Land & Exploration-
Molybdenum
30 V4
116
r
-
22'/a
"
"
"3%
3%
A
85%
65
15 7»
100
48
26%
52
61
Jan
Jan
2,100
iv
Xl2
21%
Long Island Lighting Co—
Mountain
•
xl2
9
Corp common-
57
19% Mar
Dec
6,400
9
12
21%
Locke Steel Chain..
Lone Star Gas
50
23%
coupon
shares
8%
*11%
22%
A
50
300
Dec
32 7a
14% NOV
13% Mar
9
11%
B
Jun
■
International Petroleum
Registered
International
22%
•
3,300
26
22%
2374
9
preferred—28
95
25%
62
21%
Dec
99
23%
common
Groceterias
Class
Jun
80
International Metal Industries A
—•
International Minerals and
Chemicals—
Nov
32
>4 Mar
8% Aug
200
10
(Thos Jl
Brothers
95
"
13%
—6
93
14,100
14
2,600
31
Montgomery Ward A
Montreal Light Heat & Power
13%
16% May
22%
13%
.28
95
12%
200
200
Dec
2%
Jan
13%
Dec
107a
Jan
32
'
•
Dec
Dec
78
-
Apr
IS
15%
-.1
94%
95
rl3%
7
200
•
Ino
95
95
9
1,600
"
Corp
Lipton
Monroe Loan
112 7a
Jan
19,300
12%
1
Material Co
15
12% July
•
21%
,>32
—5
Development
Le Tourneau
Line
15
Jan
Jan
J
N.:
X12
Lanston
Missouri
12 7a
•
:
1
Lelcourt
Dec
8
11
Sep
Sep
Dec
77
25
25 %
common
5 %
conv
preferred
—1
Mining Corp of Canada
Minnesota Mining A Mfg:
Minnesota P & L 5%
pfd
Oct
200
24%
9
Langendorf United Bakeries class A—
Dec
400
100
86
Jan
Dec
3%
•
1
Delaware
May
32%
12%
29%
Jan
52%
22
9.300
13
1
of
73
14 'A
29%
9%
lis
2
-VS;': 30 ■ > 30
—
8
Corp
20
12%
12%
Nov
300
__1
Miller
14%
A
1137a
.100
Co
Dec
34%
14%
I
Britain
£1
PAL 5%%
preferred.100
Indiana Service 6%
preferred
100
w
Jan
14
Indianapolis
Rights
14%
25%
14
Registered
Imperial Tobacco of Canada
Imperial Tobacco of Great
5,600
72
18l/8
Industries—
Am dep rets regis
Imperial Oil (Can)
34
Oct
Nov
•
preferred
Lake Shore Mines Ltd
Mid-West
34
19%
arrear
26
30
23%
,'. ,7%
1
1
Lakey Foundry A Machine
Midwest
Dividend
86
*
8%
"2
30
—.
1st
Brewing
Midwest
Illinois Power Co
common..
5% conv preferred
'
23%
9
,
Dec
Deft
2,800
6%
.100
A Co class A
Stores
17%
lOVt
42%
14%
&
5Vt%
Jan
Apr
27
r6%
•
__
Hardart Baking Co
Horn & Hardart
common
5%
67%
9%
6
common.
(Geo A)
Howard
2,200
23%
Hollinger Consolidated G M.
Holophane Co common
Hormel
9%
*
Henry Holt <fe Co common.
Heyden Chemical common
Hoe
9%
—
l
—
Hecla Mining Co
Helena Rubinstein.
500
9%
—1
Hat Corp of America B
non-vot com
1
Ha*eltine Corp..:
£
—*
New
15 V*
67%
Ltd.
Hammermill Paper.
Hartford Electric
Light
Hartford Rayon
voting trust
Harvard Brewing Co
15
V
8 %
1
Lynch
H
Lamp Co_
Hamilton Bridge
86
Apr
43%
—1
Louisiana Power A Light $6
pfd
Hall
86
23%
.—1
Lamson
Nov
1
July
8
Feb
Dec
24'%
Jan
109
,,«
Oct
47%
-
7%
convertible
18
100
common——
Kresge Dept Stores—
■
Dec
7%
3,500
23%
(Cal)
■*
:
200
12%
Stores Products common_.2So
State Utilities $4.40
pfd
100
Gypsum Lime A Aiabastlne
47
•
13%
•
1%
1st preferred
Great Northern
Paper.,
Greenfield Tap & Die
.V
13 Vt
—1
common
Des
39%
Atlantic & Pacific Tea-
Non-voting
7%
71% May
115,300
•
.
pfd—28
Grand Rapids Varnish
Gray Mfg Co
Grayson Shops
Dec
Jun
103
10
$5
25%
2%
47
Mfg
Dec
1%
.80
class A
100
Rubber Co——
Nov
Dec
Nov
24%
Jan
*2%
—1
21%
32
.
Jan
67%
(I B)
Knott Corp common
Kobacker Stores new
25
400
121
Dec
Jan
6%
preferred
Gorham
Dec
17% July
1,200
6,800
Jan
64'A
io
—
$3
22%
23 y2
——*
—
Jan
35
53%
May
38
7'A
—•
•
Inc
22
22%
Dec
110
Jan
12%
1
$4.50 prior preferred
Goldfield Consolidated Mines
Goodman Mfg Co
117
52% May
•
B
Gorham
Jan
23%
Feb
113%
.—1
—
Kleinert
Dec
Nov
*
21% Nov
109% May
29%
2.10
Coal
109
Jan
15
.100
Kirkland Lake G M Co Ltd
Klein (D Emil) Co common
Nov
6y8
Jan
13%
111%
•
Gobel (Adolf) Inc common
Godchaux Sugars class A
Class
Jan
92
Oct
Dec
10%
7%
23
Co
-
Jan
2%
120
18
Glen
Dec
Jan
1%
•
Harvester
29 V2
54
106%
&
—
Dec
101
10
•
Gladding McBean
Gleaner
Jan
6%
.
15
(Walter)
Corp—• 4%% preferred
Kings Co Lighting 7% pfd B.^
5%> preferred D
King Seeley Corp
Kingston
Products
a.14 UJ
Kiiby A VB* V«v
Petroleum..
Oct
9%
•
—
.
Kimberly-Clark
Dec
10 V*
.
common
Kldde
Dec
14%
>•'
116%
.A
———
.
200
27%
106
Key Co
Dec
18%
24
Inc
Ken-Rad Tube A Lamp A
11% Nov
Aug
20%
Kennedy's
Nov
4,900
9
10
Kansas Gas A Eleo 1% preferred—100
Kawneer Co ———..—-*
14% Nov
92% Oct
.9%
14 y2
Xl37/a
preferred series A
Warrants
13
15%
J1
5%
General
14%
8 %
'
8%
Gen Electric Co Ltd—
Amer dep rets ord
reg
General Finance Corp common.
1945
Sales
Sale Priee
New
Week's
FOR
Monday, December 31,
1%
•
Corp
prefes^ed
Hess
_
common
24
24
24
100
common—
23
6 74
5%
6%
21,300
27
Dec
2V4 Jan.
7
>A Nov
33 Va May
1
43
Dec
39% Mar
39% Mar
Volume
EXCHANGE
NEW YORK CURB
RANGE FOR WEEK ENDING
Sales
Lsat
Range
for Week
Bale Price
York
•f Prices
Shares
Friday
Exchang*
Curb
Par
National
32
Va
32%
21%
2174
22 74
National Mfg & Stores commonNational Refining common.
Xl47a
15
National
Rubber
National
Steel
•
Machinery—
:
S
r
200
19
1
Radio
Union
Nebraska Power "lit
Nelson
__30a
190
preferred
a
Corp..
(Herman)
:
.*20
Nestle Le Mur Co class A
•
New
England Power Associate*
5%
preferred
'
*
$2
*
19 7a
Apr
12,500
5
"
—100
—.*
Clock
New
Co
927a
common
St
,
J
,..
93 '/a
937a
.:
36
>
36
-
.
36
,
New Process Co common
40
j.
;
727a
7174
72%
97*
77a
974
Auction
Y
City Omnibus
N
Y
4s
N
N
Y
Y
Co
common
Honduras
warrants
■
Rosar<o
10
Merchandise
587a
13
Dec
,
7
Dec-
Jan
,
(■
J
:
■ f.
' i
93 Va
V
•
136 -
Nov
v
203/i
-39 '
Dec
31
Jan
;
Dec
„
Oct'
Dec
48
■
27a Mar-.
40
Mar,
Mar
'
i
Jun;
Richmond
r.
Jan
.__1
pfd. .100
Y State Electric Si Gas $5.10
N
Y
Water Service
Niagara Hudson
6%
1st
5%
2d
Class
6%
Dec
i
317a
Dec
.100
81
4%'7<>
preferred
!
optional warrants
Share Corp class B
conv
pfd
87/a
9%
ts44,300
374
Jan
116 "
117%
2,975
897a
Jan
82
Jan
114
•;~i%
1%
2%
1,200
"i
com..
n
ii%
6%
s
Light Si Power common —1
87*
146
3%
83%
2
;3,600
12,400
7,800
8
:
146
146
50
121
50
50
17a
300
Securities-
8%
Dec
Dec
Nov
St
50
Dec
Salt
5174
Dec
Samson
Jan
56
972
$2
A
Class
148
Sep
Regis Paper
United
Savoy
Oil
Schiff
Co
Dec
Scranton
Dec
Scranton
Natural
Gas
20
Novadel-Agena
46
46
477a
-25
47 %
47
4974
1,600
—1
13%
1274
1374
3,800
67a
367a
200
267a
Jan
Corp
37
34% May
1474 Mar
1,300
u
Schulte
Dec
2574 Nov
Aug
36%
class A
Power
47s,a
Dec
$6
Nov
Bcullin
40
Ohio
Brass
Ohio
Power 4%%
Ohio
Public
6%
B
•
common
preferred—:
Service
7%
1st
100
33 7a
11774
200
35
cV:
11774 117 72
20
IS
common
Filters B
41%
300
417a
12
12
Steel
1
Overseas Securities
112% Aug
1
18%
17%
50
900
19
11,000
74
Jan
574
1,100
37a
Jan
10y8
6,200
7*
Jan
109
May
12
Jan
22
Dec
Jun
197*
Jun
16 74
Aug
257a
Dec
12%
Jan
27
274
Jan
774
Dec
67a Mar
117*
Dec
Dec
700
237a
25
67a
200
1074
1,900
Nov
Selected Industries Inc
1197»
Pacific Gas 61 Elec 6% 1st pfd
5%%
1st preferred
Pacific Lighting $5 preferred
Pacific
Power
Pacific
Si
Light
1%
25
•
pfd
187a
Jan
19 74
100
177a
Nov
22
100
11
Mar
23
Dec
2,000
674 Aug
12
Dec
8
1,400
5
9
Jan
67a
7 7a
1,800
3 74 Mar
77a
Dec
107a
4472
4,800
2%
Jan
107a
Nov
327a
32
337a
2,800
16 7a
Jan
37
Nov
107a
107a
107a
12,700
5% Mar
12
Dec
87a
97a
6,800
574 Aug
107a
Jan
1074
3,300
57a Mar
1174
Dec
4
4
4%
1,400
27a
474
Dec
77a
774
874
11,700
87a
4274
—
6%
210
887a
Jan
169
Dec
19
200
10%
Jan
21
Dec
474
Oct
200
774
i
.
25
Nov
2
Jan
16
167a
700
9%
Jan
177a
257a
150
Jan
27
37a
474
6,900
277a
287*
2,450
27
26
27 7a
2,200
9
9
97a
37a
474
1,700
1,900
674 Aug
47s
974
974
100
57* Mar
19
17a
1
1
8
Mining
Power
:•
100
10
V 30
38
Jan
36
Jan
7
Jan
25
1374
1274
13
Corp
5
13,200
1274
137a
12,600
87a
27
Jan
73
767a
400
3374
Jan
Parkersburg Rig & Reel
Patcliogue Plymouth Mills
1
2774
27
277»
2,000
18 74
617a
617a
617a
10
447a
•
767a
Jan
Peninsular
20
Telephone
preferred A
$1.40
common—
25
Pennroad Corp common
Pennsylvania Edison
$2.80 series
°*nn
Cras
Si
Elec
Penn
Power
renn
Traffic
Penn
&
class
Light
A
Mfg
Co
Co
new
100
Pbila Electric
Pierce
Johnson
Gold
Ltd
Mines
L
17s
Jan
100
1157a
Dec
8
87a
1,100
3
Dec
1157a
,
Dec
827a
50
49
50
710
4674
Sep
5374
Jan
50
:
xl8
18%
317a
1,100
31
117,
Jan
100
15
15
11
Jan
30
Jan
16
16 7a
200
778
28
500
2574
1
"5 7a
6
3,000
Am Shs
18
com..
8%
574 *
8 7a
87a
2,800
7
Aug
4
!
37a
..28
10
Line
—8
Royalty Co.—--——
1
Jan
Apr
187a
Dec
Nov
Nov
167a
Apr
Dec
Nov
Standard
Nov
Standard Cap Si Seal common———
87a
Inc
Stahl-Meyer
Dec
157a
(A G> & Bros
Shoe Corp
Spalding
Spencer
Oct
pfd—
13 7a
14
1,800-
x8%
Jan
43
Pittsburgh Si Lake Erie...
Pittsburgh, Metallurgical.
Pittsburgh Plate Glass
Pleasant Valley Wine Co
r,:
74
74
747a
*
,
26%
26%
2674
"774*
"6 7a
580
~7%
300
-
Feb
6474
Jan
46
30"
Jan
4
Jan
167a
$1.60
NOV
•
-——2,
Nov
Jan
7 247a
~8%
8 74
8%
6,700
37a
Powdrell
23 72
2374
237a
300
.127a
Jan
25
12
137a
125
67a
Jan
137a
Nov
967»
Nov
31
Jan
46
Dec
Alexander
6%
Canada.
preferred—
1st
...
74!
100
8%-Dec
r-;
—
-1
h Lambert
Premier
Gold
Prentice-Hall
Pressed
Inc
Metals
Producers
Co
4574
Mining.
Corp
27a
common:
of
America—
of Nevada
15
15
274
14%
13%
150
46
17,500
£2 ft
15 7a
.
•274
.,
Prosperity Co class B
Providence
2%
lft Jan
51
.
.
600
;vV.
Jan
-12
35,300
%
807a
Jan
1,100
107a
Apr
Gas.
i
1st preferred
100
7#
1st preferred—.;.
100
1067a
112
112
'10
110
Nov
107a
107a
Dec
Nov
(A)
Sterchi
774
Jan
15
Dec
97a
1074
vlv 400
5674
3174
■!1,100
31
44
44
>■-
10
6%
5%
•
Stores
117a
Dec
Jan
57
Dec
38
Sep
I
Jan
32 7a
Nov
3174
Nov
307a
307a
30%
300
1347a
Jan
12 7a
12%
12%
600
8
Aug
1274
1274
1274
300
974
1774
17
177a
1,100
15'
15
157a
7,800
147a
May
Sterling
Inc
(J B)
Btinnes
tHugor
Nov
118 74
Jun
Strcock
Jan
1778
Jun
6ullivan
Sep
lib 7*
Jan
Sun
Jan
257a
Nov
Superior
$5 prior preferred
i
Puget Sound Pulp Si Timber..
Pyle-National Co common
_8
22
23
275
13 V* Mar
237a
.10
15%
16
200
137» Aug
177a
Nov
For
footnotes
see
page
3221.
167a
I
Nov
15
Nov
13
10
10%
Dec
Dec
83
107a
8
400
5
Jan
127*
Oct
100
474 May
10
Nov
B
----
voting trust ctis;
\l Jan
3%
Dec
Mar
467*
Nov
Jan
4674
Nov
Jan
67/e
Dec
374
2,300
39%
38
397a
1,600
39
387a
3974
300
2774
57a
678
1,300
374
27a
3
.10
257a
257a
100
3%
37a
35/a
37a
37a
17
600
148
14874
174
22
227a
.
17a
150
240
Dec
ft Jan
ft Jan
4
Nov
37a
Dec
Jan
170
105
Jan
Jan
74
Jan
2
Nov
Jan
77a
Dec
Jau
7
77a
5,700
8
774
8%
4,100
37a
Jan
16 7a Mar
Machinery
19
r974
19
r974
19
r974
illHi
77a
77e
i
137a
137a
77a
137a
"
8
•
207a
1874
21
"
1
...
9 7a
71
29
Oct
Dec
300
Dec
100
100
Apr
29
Dec
Mar
55
Dec
15
27%;
20
(S) & Co common
•
.
53
27
1
50
—
Dec
11%
23,400
77a
common
Nov
800
17a
-1
Corp
23 7a
237a
-1
.1
Sep
-267a
187a
272
common.
27
Jan
21
12,400
-1
Co
Co
Sep
177a
117a Aug
Apr
200
Apr
19
Dec
Jan
217a
NOV
107a
117a
47/a May
10
3,200
Oct
1,700
374
Feb
147a
Nov
Jan
24
Dec
450
14
347a
37a
34
37a
700
347a
400
Jan
47*
12
Jan
347a
23%,
37a
Dec
97a Nov
6 7a
Jan
17a
Dec
Dec
33
Nov
Ray Drug Co—
Portland
Cement,
Finch
Oil
Com
27
2874
750
1974
Jan
3174
Dec
267a
277a
925
147*
Jan
28
Dec
Sep
18
Dec
Inc—
^
Swan
28%
267a
10
Dec
Manufacturing
Pyrene
105
152
,
Jan,
X5174
25 '
preferred
2d preferred
Stetson
112
Oct
Jan
307*
3174
Puget Sound Power Si Light—
Common
49
417a
2974 Mar
317a
25
1st
Sterling Engine
Dec
Jan
27
317a
-1
Sterling Aluminum Products.—.
Sterling Brewers Inc
•
Dec
May
4
427a
100
200
& Co common
Bros
Dec
Apr
Dec
900
14
61
Nov
f
1
6%
2574
Nov
Steel Co of Canada
Dec
Dec
3
167a
8Va May
Public Service of Colorado—
113
6
20
——
Co
Products
Standard-Tube class
2U Nov
17 7a
Mar
274
14%
:
7'
77/a
Jan
Feb
127a
557a
.1
_I
Light
Starrett (The) Corp
Stein
Pratt
Dec
Jun
2274
Dec
9674
(Ky>
Standard Silver Lead
Dec
137a
St
Power Corp of
Nov
8
370
Jan
37a
—
Preferred
Standard
Dec
Polaris Mining Co
Oil
78
.10
CommOn class B—
Dec
7%
Jan
48
Jan
Apr
Jan
3174
8
preferred
Standard Power Si
Oct
•1607a
•
Dec
Jan
5674,
—
convertible preferred
Standard
77'; 78% NOV
147a Mar
117
600
common
•
Nov
23 7a
.
Brewing Co
Convertible
Oct
27 '
,
7 7*
-50
Standard Dredging Corp common.—
13%
,
2574
Jan
Apr
Jan
77a
7
Va
Nov
27*
13
<
3774
Jan
27
11674 July
2,900
5%
14
..28
20
375
16%
27
Dec
2,700
12
57a
2,800
20
117a
—10
33
32
•
187a
57a
.28
Pipe
Southland
Nov
143
19 7a July
—1
1674
•
2074
Apr
Jan
110
1174
preferred B—
..28
57a% preferred series C—
.100
Southern New England Telephone-10
Southern
Phosphate Co
Southern
18
common
preferred
Dec
9% Nov
374 Jan
4%
700
774
19 74
1
6%
Dec
77
77a
774
•
—
Pa Pipe Line
California Edison—
Dec
18 7a
Jan
Dec
3
120
352
1
common
Dec
47/a
32
2,800
.100
Co
Oil
original
5%
Sep
34 7a
•
Ltd;
Southern
Nov
Jan
Penn
Southwest
Dec
9%
Coast Corp
South
Nov
10
>7
Jan
E RR
Pneumatic Scale
52%
Mar
47.
57
25
,
Pitney-Bowes Inc
&
400
20
pfd
Co
common
Pinchin
25
87a
South
Nov
—£1
Co
Corp
Manufacturing
Boss
87a Nov
84
350
•
Piper Aircraft Corp
/
79
j
Pioneer
52 7a
_•
Power 5%
Jan
Mar
1157a 1157a
Jan
351
1
Aircraft
Manufacturing
Sonotone
NOV
2677a Mar
50
77a
1;
Solar
Solar
78
,
Packing
Pitts Bess
8 7a
3174
Smith
Dec
.79
common
Governor
574
78
487a
Manufacturing Co Ltd—
dep rets ord regis—:
Gas & Elec 7% pfd—
(Howard) Paper Mills
NOV
-Nov
117*
..."
1274 Mar
2,225
"
107*
Oct
Nov
110
80
46
674
7
100
City
Dec
Nov
»
—
common.
Pharis Tire Si Rubber
Pniliips
115%
2.5u
Perfect Circle Co
Philadelphia Co
25
2774
Dec
774
8
pfd.
15,400
83
287a
Amer
Sioux
Dec
65
%
52 7a
com
47a %>
100
87a
87a
83
82
*
;
Power
87a
$5 series pfd.*
Co
Water &
Pepperell
1
Co
preferred.
28 7a
287a
7
Mar
40
Singer
Nov»
46
29 74
Oct
Dec
'
Pattern common
Manufacturing Co
Ringer
15% July
}i■■'■■■
;
Jan
•
Dec
i'H 22
46
1
Simplicity
Oct
1574
'•v 19
"•
~
Dec
157a
20
preferred
convertible
tuutciwuiu
$3
3>0
:
100
103
Apr
20 7a
22
Co common—
Bimmons-Boardman Publications—
Dec
29
130
Canada
of
Jan
1474
Nov
10274
.
500
1117a
Sllex
Dec
Dec
\7„
130
110
;
1,200
:
130
1117a
29-
U Jan
6,300
9 7a
197a
Ltd
Breweries
Sick's
19
_100
Sherwin-Williams
Dec
87a
9 74
—23
common
preferred
4%
Dec
Nov
1174
Jan
87a
r77 7a
Nov
'11574
Sep
74 July
14
1
„~Tq
Co
39
Jan
•
common
44
109 7a
1047a July
1077a Sep
x22%
Airways warrants
Pantepec Oil of Venezuela Am sha
Motors
1,400
;;
1157a 11574
American
Pen
39
•
preferred
Page-Hersey Tubes new
Parker
44
X10674 xl06%
145/a
,
83%
107a
19
47a
Jan
827a Mar
900
*
77/a
•
Jan
12
•,
"'
Berrick Corp class B
Denn
8 7* May
28
200
98
Control
Safety
Dec
Aug
2574
Sentinel Radio Corp common
Sentry
46
116
8,800
_4
Oct
Dec
Dec
Nov
€%
167a
1
Dec
136
257a
5%
277a
Dec
Nov
77a
77a
Inc
B)
(R
Semler
Dec
Jan
168
163
168
874
347a Mar
300
43
49
Jan
110
certificates—
Allotment
3 7a
707a
„1
priorstock....... ...i., ...i. -..y.—..
US.50
Sep
Sep
Jan
22
187a
common.
15'
2474
97a
10
87a
10 7a
25
12
Dec
Sep
80
-1
Jan
137a
437* Dec
197* Mar
1,300
8
Aug
•
1st
Paramount
437a
300
13
39
44
•—
X10674
100
Public .Service
$1.30
Pan
28
12%
20%
774
stock
Convertible
Jan
Nov
Sherwin-Williams
12%
•
Feb
377a
974
Shawinigrm Water &
Co
Dec
18 V*
Co—
Shoe
Shattuck
Can
Dec
Dec
400
:
Seton Leather common
Pacific
Dec
Dec
Dec
1,100
21
227a
GeneraL
Nov
117
Jan
Dec
27a Nov
105 y* Aug
160
1067a
106
87a
6%
107a
47a
4
Bros Inc
Selby
1177a
Oct
1107a July":
29 7a Jan
457*
common
37 ^
»
Jan'1
Jan
9
*
Co
77a
Apr
19
35
6
•
Omar Inc
227a
,115%
—100
Oklahoma Natural Gas
United
47a
19,100
pfd_—_1C0
1st preferred—
Oliver
67a
*
class
Co
x37a
1,200
2374,
Segal Lock & Hardware
Beiberling Rubber common
O
374
447a
Nov
Securities Corp
4
42%
Dec
1974
preferred
50
157s
Seeman
Ogden Corp common
447a
x31
Aug
27a
1
28
28
Elec $6 pfd
*
Spring Brook Water Service—
Jun
States
31 ya
common
1107a
Northern
Jan
19
Co
Nov
105
Northern
14 72
,22
950
8%
8
Mar
Jan
Northrop Aircraft Inc
2,875
27a
——1
common——1
Corp
Apr
9%
117a Mar
7,600
307a
-100
common
Co
Oil
Dome
997*
2,700
28
307a
29
—
pre!—.
conv
10674
227a
21
30
177a Aug
267a
1874
_50
21
5974 Nov
22
__I
Co
RR
Apr
preferred
Indiana Pub Serv 5% pfd— 100
Penn
Northern
Nov
30 %
Co
Northeast Airlines
Jan
40
974
North
578
100
Jan
87a
(D A) common
Convertible preferred
Bcovill Manufacturing
974
974
9%
227a
2%
Corp Ltd.
Bt Lawrence
Feb
174
100
8%
100
Dec
Jan
517a
*
Is
Oil—*
Texas
Peb
3674
30
Aeronautical Co
Ryan Consolidated Petroleum.
Rysnon St Haynes common
3574
50
Utility
Central
42%
Dec
97a
Mar
29% July
307a"
Russeks Fifth Ave
367a
.
Rayon class A
47<
625
2674
Ryan
Dec
33 74
Jan
Dec
Jan
31
52
Royalite Oil Co Lta
Dec
Nov
4
Jan
Dec
•2374
367»
Rotary Electric Steel Co
Nov
197a Mar
87a
Jan
6%
$1.20 convertible
Dec
18
Petroleum
Root
Dec
20%
Jan
1574
17a
Field Inc
Roosevelt
Dec
Jan
17a
225
30 74
31
dep rets for ord reg
Rome Cable Corp common—.—
Ronson Art Metal Works
May
110
20,200
Am
Feb
13
12% Mar
500
33%
2 74
Jan
Dec
•413%
common
American
Northern
18
31%
321/2
«
*5,000
197a
3%
—J
prior preferred
North
13%
9 7a
6% Mar
1,900
11%
1572
"III
preferred
B
11
ft
109
•
Mines
North American
Class
8%
.100
Electric
$6
.
119
.
North Amer
90
no y2
.100
Nineteen Hundred Corp B
Nipissing
300
._10
common
Nlles-Bement-Pond
Noma
l
v
.100
Power
prelerred
B
Niagara
81%
80
v;
,
SVa
2274
Rolls Royce Ltd—
217a May
110
7%
4
pfd D.
Rochester Gas St Elec 6%
.>
>
1067a July
637a Nov
pfd
Dec
1
Co v t c
Roeser & Pendleton Inc
Jan
147a Aug
shares
Dec
15
1
Radiator
Rio Grande Valley Gas
Dec
22
Apr
167a
117a
,637a
Jan
307a
V
Yw
Engineering——5
*
Si
Dry Goods
Richfield Oil Corp. warrants
Stix
Rice
.
;
*
Co
Reliance Electric
f
*
,>
170
217a
77a
common
Reed Roller Bit
;
757a
-974
Mar
63
'
10
Co
10
Railway Si Utility Investment A
1
Rath Packing Co. common
10
Raymond Concrete Pile common
-•
«3 convertible preferred
—*
Raytheon Manufacturing common—SOe
Voting
,
30% Nov
Jan
14 Va
12
58%
NOV
;
Feb
^^ ••'"
10
N
,
157a
"
;
Shipbuilding Corp—
Founders
...
Jan
x5
;
f
•'.
Jan
--
vmmm
„
Dec
Jan
Va
2174
•
N
H-: 6,600
;
23
110 V*
700
■
107
Jan
Jan
340
1057a
170
Railway St Light Securities
'
100 j
*
Y
Power
Radlo-Keith-Orpheum option warrants.
,
Jan
*63'
25
767a
Dec
Jan
156
13
102
.100
preferred
Quebec
yjj
-' •;
Aug
Nov
May
6
v.
:
1
N
,
.,
;;
High
R
7-
.
113
,
7
.
1,225
29 7a
297a
1287a 130 7*
'
28
...
Land
Arizona
500
Nov
8%
■
Low
s
874 Nov:
25
9
575
■
•
Jersey Zinc
New Mexico
12 74
11
'
New Idea Inc
1,500
10
.
•
II100
Haven
New
:
6%
'
170
1027a
Quaker Oats common.
-
Dec
4%
May,-
1067a
200;
20
21
; "1274
,
,
1574 July
Jun
"
preferred
England Tel Si Tel
New
11
Jun
Jan
20
l»n{« Since Janaarv 1
High
Dec
1%
19%
1274
20%
11%
20
21
—
Jan
167a
*
Neptune Meter class A.
Dec
700
'Y,V ■<'"+>*r-
109%
109
109%
Dec
39
,
87a
Vr8.:-:-: i, 77a
Low
Pur
Dec
23'/4
Jan
2,700
4
I
15
374
"
National
1574
Feb
11
•
Range
ef Prices
Dec
7
i.
1474
\
Jan
74
87a
500
'
v
"4
National Tunnel & Mines common .—1
25
14%
400
39
18
18
"in*
Y2I50
Ltd
Car
National Transit
1
207/a
39
x20
20%
1
Jan
11
6,200
mil
Last
Exchange
Nov
35
157*
2,200
xl4%
•
National Fuel Gas
Curb
High
197* Aug
150
Lines common—— __50c
City
York
Sales
lor Week
Shares
Week's
Friday
Bale Prioe
New
Loud
327a
,
28
Range Since January 1
High
Low
-8%
National Candy Co common
DECEMBER
STOCKS
Week's
STOCKS
New
3219
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4451
162
-—
f
3220
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW
YORK CURB
RANGE
New
York
Curb
Week's
Range
Bale Price
Shares
EXCHANGE
ENDING
DECEMBER
Low
Range Since January 1
High
Low
;"
High
-
Bethlehem
'
Blckford's
1
10
Taggart Corp common—
Tampa Electric Co common.;
Technicolor Ino
Power
Light
inew
Co
;
27%
10%
Product
Allied
5%
16
16%
16
1
41
16%
16%
Jan
36
Dec
lACentral States Electric
19'/a Aug
115 Va Sep
30
Dec
122
16%
6%
17,800
50
7'/a
-
7'/a
Shipyards
7'A
25 Va
Nov
44
Nov
Conv
deb
Toledo
Edison
Nov
Debenture
18%
Jan
76
preferred
Tonopah Mining
Debenture
Dec
1.-900
1 Va
Dec
Consol
3V*s
14%
Nov
.3%
Sep
"
110
Dec
71%
Jun
123
116
117'A
4".
1
Corp.
'
-1
Trans western Oil Co
6%
6%
48 Vat
-10
44
4
warrants
X4
x3%
•
7%
1,800
4
35%
Jan
50
12
.Apr
Nov
8
Jan
1
nr.;
13
16
4,100
¥
,
Dec
Corp
Union
Corp
1st
mtge 4s ser A
mtge
10 Va
1,100
—
corp
"I'A
Gas
Corp
23%
24%
4,300
1
l'A
28,100
33
—
33'/a
150
.10
15 Va
15 %
16
-7
common
Eastern Gas St Fuel 3%s„—
Finland
Milk
•
Water
71
Residential
stamped
27%
26%
27'/a
dep
rets
Feb
Shoe
30'/a
l'A
Jan
;36%
9%
Jan.
United
—_—
Co
16%
6s
A
and
3%
3'A
12
100
2,300
12'A
Jan
1950
—1953
6s
$85
A
ser
Jan 1949
...
Jan
9
78%
79'A
450
46%
47
280
44
Feb
1
20'/a
19
20 '/a
9
Mar
20%
Seivice
19%
19'A
19%
8% Mar
.'21 '/a
International
17'/a
•
Securities—
1st preferred with warrants—
Radiator common———
S Rubber Reclaiming
16%
4
18
4%
x3%
'■■I
1,050
13'/a
15
A 7s
P
4,000
1
Va
88
92%
600
83
15'/a
16'/a
1,200
4%
Jan
5%
1,700
1%
Nov
50 y4
107%
Jan
5
Stores
United
Wallpaper, Inc
C vtversal
common
50c
Universal
Insurance
Universal
Products
Oil—;
Utah-Ioa.no
7%
6'A
7%
3,800
2
Consolidated
9%
9%
10'A
7,500
103
A7s
¥
24
Power & Light $7
preferred,
Utili ty Eq ul tiea eomiBOP«--»wtra---irr
;IOC
stock
36%
150
3,400
95
25
¥
96
3%s
■I 17%
6'A
Kansas
Dec
8'/a
102% 102%
10%
1
F-A
-
105%
105 % 106
102%
Apr
104%
106
102%
,
105%
103'A 104 !'<
„—1970
M-N
$107
J-D
>
27
Nov
Feb
37%
6'A
Electric
92
44
44
28%
$47
52
37
60
31
,
63
•
~F~~A i
j-J
$46
30
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1963-
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f
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1966
37
103
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12
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37
61'
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1
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1963
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Power
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:
1948
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MS
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Amsterdam
Aircraft
7%
p ref e r red
&
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1
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1947
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1362
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1971
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100 ;•;«
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v
108
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1954
——
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Continental Utility Corp—
Power
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1948
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52
v
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North
Ohio
Nov
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&
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;
3%
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,
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Y
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1950
1961
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26
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8
Utah
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10
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107
106
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1950
C
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Altalian
Jan
4%
Jan
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10
77
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E_——;—..——1957
(Aug
series
Kansas
United
'
.
50%
107%
128%
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L
&
(Dec
Interstate
Nov
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Jan
88
5%
90
.
1949
5s
Power
series
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Dec
83
Apr
15%
III
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ref
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1
/
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Jun
4%
46%
common
63%
33
105% 106
J-D
1958
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ref
lien &
1st
Dec
286
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—
119
68
105% 106
A-O
3%————1963
West
Power
&
Indiana
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iv
8 Va
Jan
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200
38%
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v
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4s
Pow
&
69%"
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Feb
series
1st
Dec
48
common— .25
S
U
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68
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;
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Dec
27%
Jan
275
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12
$5
U
•
128%
V
Dec
May
73'/a July
common
class
Graphite
100
25C
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—
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S
J-J
u-s
J-D
Dec
6%
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Machinery
Preferred
U
128
38%.
J.J
Dec
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regis
Sharing
preferred
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S
120'A
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Mountain
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Profit
10%
S
105%
69%
M-S
-1961
3%s
Hygrade Food 6s
Dec
14% Mar
19,900
Power
Trunk
Green
Ltd—
ord
United NJ RR &
United
U
109 V*
103%
"
Amer
U
106
105
Mtge Bank—
Guantanarao
20
3,100
•
107
110
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MS
-1965
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3/64
preferred
Co
104%
106%
$106% 107%
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v/—_19uo-
os
———
International
Molasses
103%
Feb
25%
»
RR
&
Dec
8%
b
Jun
LJ
Dec
10%
Aug
9% Mar
Products
participating
United
2
105
AGeneral Rayon Co 6s ser A—,—1948
Feb
Dec
86
Light & Railways
105% 105%
:
Grand
Dec
13%
■
38
United
105%
106%
98
107 »A 107'A
1993
ELunra
22'
warrants.————-
United
$3
7'A July
6 Va
'•
4
'
59
23%-
Elastic Corp
United
10%
16
Jan
4'A Mar
Co.—
Products—
Chemicals common
United
2%
Yds of Omaha
Aircraft
United
106
10G
104%
$105'A-
1993
—
B——
ser
Dec
'16
5% Mar
400
1,300
10%
Canada
Investment
United
900
3%
of
Gas
Stk
United
14%
3 'A
4s
Dec
,
13%
12'A Mar
•v.
13%
11%
Unlon
70
103 »A
...
104 'A
105%
1954-
Dec
17
Jan
ll'/a'1 11%
3%
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Union
65%
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mtge 4'As
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...
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(Bait
let
5S% May
4'/a Dec
U
Udyllte
100
.1971
.
'
7'A
700
Gen
5s
Dlen
88
67'A
Delaware Lackawanna & Western RR—
Lackawanna of N J Division—
Oct
4%
Jan
3,600
15%
i6
Jan
20,600
11%
12%
]
J Va
4 Va
17
Tung-Sol Lamp Works—
80c convertible preferred
2,500
May
48%
%
4
Inc
Unexcelled
87'A
59
(Bait) —
,_
Gas
58'A
66
.
Nov
111
■
.1969
Si, Pr
N
46
102
104%
.1958
10
84%
$105%
.1950
;—
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series
67,
183
110% 115
102'A 105%
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Jan
5b_
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Gas
Consolidated
Nov
107'/a Mar
83%
ref mtge 3s ser P
A
.1969
ref mtge 2%a ser Q——— .1976
1st
r
;bs
bervice
Nov
.100
preferred—
of Nevada
Tri-Continental
Cities
8'/a
Jan
82%
1954
5s
.100
6%
7 %
Trans Lux
2%
99% 100
1948
5s
17'A
Apr
3%
5s_
115
105% 105%
V 82%
83
„
§AChicago Rys 5s ctfs (part paid) .1927
Dec
1st
.2%
170
$112
—1970
——————
10%
12 'A Mar
2'/a
100
corp.
s
Jan
9'/a
600
Va
2%s——
Jan
26
700
A 5
Edison
Sep
13%
1,200
>■
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61
7'/a
dep
dep recs del reg
Amer
Trunz
1998
.....
Oct
27%
Trust Co Ltd
rets ord regis
Amer
Toda
——
Boston
Jan
Tobacco Security
-
High
6s
6%s„„——_.....1962
Dec
Stocks
Exports
Inc
11%
1,500
25
41
1
23%
23%
common
St
2,900
26%
10
.50c
Ino
Tlshman Realty & ConstructionTobacco
800
27
Roofing
Tobacco
34'/a
10%
a
—
ahovbl
100
.100
pfd_„
1%
Textron Inc
10
33%
common.
&
Texon Oil Si Land Co
Ttlo
Steel
1
■
Texas
28
for Week
of Prices
Last
Exchange
WEEK
Sales
Friday
STOCKS
FOR
Monday, December 31,
106% 107
47%
1
A-O
T
1962"
F-A
1948
F-A
1955
•F-A
Nov
106
58%
If
105
$106'A 107%
106
104% 109
,.105'A 107%
106 'A
$100
61
109%
101
100%
103%,
105'A
103
107
*
Pacific
Park
W
West Texas
Utility S3 preferred
•
Va Coal & Coke
8
Western Maryland
Ry 7% 1st pfd—100
Western Tablet &
Stationery
Westmoreland Coal
Westmoreland Inc—
yy
cyeuuerg
Wichita
ouoe
;
._
River Oil Corp
Williams
Willson
<R
Ct
&
Products
Winnipeg Elec
(F
W)
Ltd
Wright
Hargreaves
Mar
Feb
164
Aug
Nov
V.
39
Jan
43% Nov
-
25
100
24
50
27'A
19
26
16'A
Feb
Jan
25
Dec '¥
18%
Nov
13%
133A
Jan
22% Dec
11%
Jan
23
18%
19'A
375
13%
15 3A
2,500
2
17%
17 %
17 "Va
1,200
1
113A
11%
ll'/a
800
10
9%
10
Jan
15%
Dec
5
Jan
103/4
Oct
5
5,100
4'As
Portland Gas
5s
Power
Coke
&
5'As
1950
B
Public Service Co of Colorado—
Friday
Exchange
mtge 3'As
Sinking fund deb 4s—
Public
f
s
6%
Feb
163/4
Dec
Safe
5'A
Oct
5'A
Oct
San
3
Jan
5%
Service
of
Appalachian
Elec
J-J
1960
*
—1970
6s
Pow
or
Friday's
Bid & Asked
Nov
High
Bonds
5'As
series
Harbor
1964
,.1949
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certificates
3'As
-
*'
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107
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A.—...
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¥
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lAssociated
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deb
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deb
4%s.
Si
1953
1949
4%s
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105
109
2
107
110%
9
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102 7/s
108
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rm—'
/
1
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¥
1950
1968
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F-A
5 %s
1977
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City Elec 3%Si.
Telephone or
'5s
M
5s
series
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M-S
M-S
29
29
52
49
'A
49%
series
see
page
3221.
J-D
M-N
Gas
Gas
109%
109
114'/a
3
101
1
101'/a
102%
106%
•-
■''
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; v
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163
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165
109
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110%
—.$125
125
127
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90
'
..
109
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100
1965
M-S
106% 106%
3'As—
1970
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—
101
99%
96
101
105%
105'/a 105 %
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—1951
3'As—
5s_—
105
—
1970
—1989
J-J
F-A
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107,
107% 108
.
107%
F-A
M-N
109%
105
5
$107'A
104
__
__
104
May 1948
Stmnes
A-O
100%
2
*
100'A 102
F-A
101%
101% 102%
—
Dec
debentures.
Si Light
gold
102
1948
1951
6s
6s
A-O
May
6s
Debenture
49'A
49%
51%
78
29%
*
89 'A
,
41
29
54
51
5
30%
105%
108
106
108%
100
106
Power
1
1966
100% 102
J-D
105
105
185
96%
110
92
■'
96%
96%
.
110
14
110
96%
110
F-A
103% 103'/a
66
96%
109 'A
1957
F-A
103'A 103'A
44
96%
110
1950
Corp inc 5s
(Hugo) Corp—
7
1957
1
6s
A-O
$78
1946
J-J
103%
80'A
58
85
45
30'A
58
v.
3d stamped--—
A Certificates
of deposit
40
—
Stinnes
(Hugo) Industries—*A7-4s 2nd stamped..
...
53%
50'A
50
».
107%
Electric—
Si
Debenture
107%
(Calif)— J.
(stamped)—
6s stamped
Toledo
Edison
1940
A-O
1968
3%s
J-J
$40
48
$106
107
104%
108%
—
108%
111
52%
1
29
104%
104% 105'A
53%
United
Electric
N
29
99
107% 107%
105%
United
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2
Light
27
.
57%
Power Co—
__
105'A
108 V*
1st
lien
United
1957
1960
109
.106
F-A
J-D
—
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51
•
—
'
—1951
3s
Conv
129'A
48 'A
50'A
Gas
6s
*
102%
47%
51«A
-
49'A
$107
—1951
6s
A7-4s
50
49'A
$106%
'A
107%
■
A-O
:— 1.1971
Indiana
(A G)
52'A
69
92%
Canada—
C
footnotes
F-A
195C
...1964
■Jj;..'—
For
1
"
Assoc T
•1st
80
49'A
T
"50
Atlantic
Bell
1.02%
49%
50
.
A-O
Registered
deb
102
123
*
■
-r-
Debenture 5s
A Conv.
123%
:;i02'A
^
California
Counties
Standard
$123
....
AConv deb 5s_
A
MS
Ctf—
"
1
J-J
1948'
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4%s
:i...
—1952
mtge 3s—
Spalding
104
*'
-•
76
108
104
l(f6
•
•
High
101%
t
Elec
:
j-J
—1952
Southwestern Gas «fe Elec
'
5
107
110% 110%
--
.
Appalachian Pow deb 8s
Associated
j-d
—1979
Water 4'As—
Standard
NO.
100% 102 %
J-J
...2024
'
63
104%
104%
•,
~
M-N
Joaquin Lt & Pwr 6s 3
Southern
Range Since
Sold
101% 102
$105
105 7/a
J-J
M-S
1961
101%
104
New
perpetual
1st
,
1950
debs
3%s s f deos.
;
Amer Writing
Paper
Sale Price
Low
American Gas & Electric
Co.—
2%s s 1 debs__
1
3'As
Last
Period
80
107
107
104%
Queens Borough Gas St Electrlc-
123/4
Week's Range
Interest
1959
1st
Southern
Curb
M-N
Co—^
stamped extended
Corp (Cam 4'As
Southern
BONDS
$76'A
M-N
1972
Power
Scullln Steel inc mtge 3s
California Edison
York
1977
——1970
Elec
Southern
New
v'"-' 105
J-J
1979
—
Philadelphia
Jan
11
-
4%
Lt Si Pwr
....1964
Dec
22%
8'A Aug
5s
4%
Dec
Nov
6
—
Ltd
29%
8% Mar
400
£1
5s
3'As
Dec
300
18%
5s
Pennsylvania Water St Power 3'As_1964
Dec
26'/a
15%
*
receipts
114%
May
12
26
Light
Jun
37
100
24
3
_
deposit
preference
6%
9
900
39
10
Jan
—i
B
Woodley Petroleum
American
15'A
34
111
...'
Inc.
common
Wolverine Portland
Cement
Woodall Industries Inc
Wool worth
39
10
Co
14%
34
-20
mig
10 s
Si
Central
1st
\i
114
135
14%
*
com
Penn
■114
West
Power
Lexington 1st mtge 3s
110
—
"
110
110 Va
$119% 121
6s
5
110
113%
117%
121
&
Si
cons
J
4s
1949
Light Si Railways
A
(Maine)
J-D
$116
1959
5%s
A-O
$105'/a
103
107
108%
112%
114%
116%
—
.".1952
series
—
F-A
108%
•
108% 108%
Utah Power & Light
Dehemure
6*
series
A
;
2022
M-N
$114% 116
1945!
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4451
[Volume 162
NEW YORK CURB
RANGE
WEEK
FOR
3221
EXCHANGE
ENDING
DECEMBER
28
BONDS
Interest
Exchange
Curb
Week's Bangs
or Friday's
Friday
BONDS
York
New
Last
i.
New
Bonds
Sold
Curb
Friday
Exchange
No.
Low
Week's Range
Interest
Last
Period
Sale Price
Friday's
or
Range Since
January 1
Bonds
Sold
Bid & Asked
January 1
Low
i
Bid & Asked
Sale Price
Period
York
Range Since
High
Low
High
High
Low
No.
High
Waldorf-Astoria Hotel—
A 5s
Water
Wash
West
l
6s
A
Rys
Co
.1937
3-D
.1947
5s
5s
F-A
3-D
•+121
ALlma
84
106
125
110
(Peru)
AMaranho
—
stpd
—
100
,•105% 105%
105%
105'%
99
stamped_1958
7s
99%
AMeueiim
'•
101%
1958
reduced
..
A7s
•
New
Friday
(issue of Oct.
Interest
Last
Sale Price
Period
+.!
1947
1927)
(State)
7s
47%
46%
33%
3
»
51%
Af-N
150%
A-O
*50%
3-D
1947
*19%
25
20
*95
96%
75
95
44
44
38%
47 Ya
37%
46%
*35
37
36%
37%
—.1931
:
1972
3-D
•--—1968;
'; M-S
—
'
—
22
to Plan A
Stamped pursuant
;
2008
M-S
1950....
J-3
2%
2012
J-J
6Vss
1919
3-D
1921
J-J
Interest reduced to 2Mbs
:
de
Janeiro
6%s
Sold
V
Stamped pursuant to Plan A
Range Since
January 1
Bonds
Bid & Asked
Low
A'o.
High
reduced
Interest
A Russian
Low
33%
.
Friday's
or
45
M-N
j-D
1
ARio
Week's Range
36%
•
,
i«5l
Mortgage Bank of Chile 6s
AParana
Foreign Governments & Municipalities
V>"J'
•
2VaS—_2008
Mortgage Bank of Denmark 5s
BONDS
York Curb Exchange
28
45%
32
25
M-N
,.
.
to
stamped
7s
Mortgage Bank of Bogota—
•A7s tissue of May 1927)
A
>
*21%
36%
38%
2y[-S
101%
99
.+98
*98%
6%s
^Stamped pursuant .to Plan A '<
120% >
tX16%
_
City
109%
105%
.7
.
106% 108
+
J-D
.1959
53%
7
*
.
Literest
Newspaper Union—
s f debentures
Stamped
.1960
5s——_—-
78%
106% 106%
A-O
conv
lAYora
77%
J- D
.2030
Traction
Penn
Western
.1964
5s——;
I
77%
M-S
3%s
Power
Electric
Penn
West
.1854
dabs
Income
High
to
Government
•A5%s
12%
,
12%
13
12
12
159
5%
33
fi%
12%
:•
,>
22
21%
'
(Col)—
A
A
-April
20-year
20-year
.
1946
A-O
1947
—Jan
•
.
t
:
J-D
25 %
25% V
A" 25%
'6,.
n
76
•No
74%
71
*76%
J-J
:
194#:
■
63
,$76%
of)
;
-
■
.
V., '
r
5%s
Danish
5s
Extended
*94
76
9i
95
80
95
19
37
27
*23%
v'v;;;
I'-""
sale,
.
v
Abbreviations used above—*coa,"
1
"w
.
cash dividend of $22.50, plus stock distribution.
(Ex liquidating
certificates of
consolidated; "cum," cumula¬
-cons,"
deposit,
"conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificate#)
tive;
——1952
.
5Reported in receivership
96
V 95 -rx
f-A
V:
96
& Waterways—
Port
Danzig
1953
.-
—
M-N
n Under-tb*-nil«
asked prices; no sales being transacted during current week.
traded flat.
1
,
A Bonds being
v
—1955
Odd-lot sale,
e
* Friday's bid and
'k:-
32
'
sale,
Cash
^
25%
d Ex-Interest,
value,
a Deferred delivery sale,
x Ex-dividend.
par
"w w," with warrants; "x w," without warrants.
i," when issued;
OTHER STOCK EXCHANGES
•
RANGE
W EEK
FOR
28
DECEMBER
ENDING
!
t
;•
;
.
•'
i '
'
•'
.
..-V
"
Range
of Priees
Shares
"
;
(
'■
-Bait Transit Co
Preferred
-
1
«.
,
100
t c
*
■
Low
27
16
V
5%
Jan
148
:
2.75
Apr
29%
15
58
58
10
'
10
-
■v.-v
25%
25Vi
35 Vz
34 V2
48
26
114
•••V.:" 25
IvVV 312
Bond*—
i; ■,(,
;■
.■"...
•
"
JlD
Dec
10
Dec
25%
322
Dec
V
.
Mar
26
45
;38
30
Folding
3
3
Shares
Range Since January 1
High
Low
;
,
,
89c
2,081
•
*
i.
Shawmut
36
Stone
30c
Jan
S7c
2,071
30c
Jan
5
100
10,000
101
pfd
10
2%
Dec
2:;,;
33'A(Aug
2
-
75%
Dec
Nov
4%
12% Jan
,
l'A Aug
Dec
.54% Mar
2'/a July
200
l'A
Feb
50
l'A
Jan
3'/a
180
2% 7
2
May
46'A
38% Mar
100
14'A
2 Va
100
5
907
3% :
3%
13%
——
:ii
71%
43%
71%
Mach!——__
:
'••"3% '
.
42%
42%
.J,—25
14%
Apr
18%
10%
Jan
V
Torrington Co
Dec
United
United
'f
94
96%
Dec
Fruit
United
3,850
98
'
Nov
-
;
21%
562
41
41 »'a
69
27%
27''8
25
78
78%
175
50
50 %
85
35%
36%
475
5
Co—
.25
common—
.
24'/8
42%
35'A July
15%
Jun
Oct
Nov
Dec
Jan-
.90■ J.20%. Oct
11J.ha—...U
—...
Shoe Mach
v;
73% July
83
Nov
36
Jan
52
Nov
31 Va July
38
May
NOV
Dec
101
20%
41%
—*
Inc
Drug
17%: 17%
20%
Inc.
Dec
-r
•;;
Apr
76... Apr
17%
Association
Webster
&
Warren
deb ■{ subordinated)
"
Illlllio
Machine.———
Rutland RR 7f«
Apr
48 %
70%
'$15,500"
86
91
Button
Reece
Dec
58'A
VCIHUUvwvwuvM*;
4%
80c
*
—:
———;
Hole
Reece
*"•
84%
L
RR
Quincy Mining Co
Dec
Jan
4% Jan
48 Va
*90
1975
—
Pennsylvania
Dec
Jan.'/ 168%
46
..
4s_
A
series
5s
High
80c
—100
—
Nov
85
116%
Sep
-
Baltimore Transit Co
2.50
;
*
35''a
;
"
-
155
58
> 276
:
40 Va
Jan
C9
16
115 Va 116%
Feb
20
295
85
85
I' ':
Mills
Pacific
Dec
Jun
7
-
*
Low
Fftf
•
l
Mining
High
115
166% 168
2
——_—50
Fidelity & Guar
'
10
Casualty.——
Amsterdam
S
U
■'■jjj."
116%
Fidelity & Deposit Co—
^20
Fidelity So Guar Fire Corp—.——10
Guilford Realty Co common————1
Houston Oil of Texas 6% pfd vtc
25
.New
-
32% >32%
i' 'vi.
,
—100
preferred B_*—
4Va%
-
5
Consol Gas E L &: Power common------*
>
Butte
Old Colony RR—
'
•
vto
common
27
Range Since Jannary 1
High
Low
26
•
Arundel Corporation
Range
of Prices
for Week
Far
■
!
North
Last
TOCKI
j
;
Sales
Sale Price
;
for Week
Last
BTOCK8—
Exchange
Week's
Friday
Sales
Week's
Friday
<
Sale Price
<
Baltimore Stock
(S
D)
50
Co——_
-12%
Electric Corp.
Westinghouse
Va
:
•».> 'v-
Stock
.
Last
Shares
Last
Range Since January 1
STOCKS—
Hifth
Low
.
.100
Shgar Refining-
American
.lou
Tei
&
American
Tei
American
Woolen
Anaconda
Copper
52%
189%
187
52%
'.50
—
1,695
31%
i6o
43% ;45%
9%
196%
Nov
Jan
31%
Dec
324
29
Jan
49%
100
17
Jan
24%
Boston
& Albany. RR_.—1
136% 138
.
:224
r ■
.—100
138.
.
lio% Aug;
142
'
.
Edison
Boston
Elevated
Boston
Herald
Ry
5%
C
class
pfd—
1st
Stamped
—
pfd
1st
.100
.100
•
D
10kr .class
——
Stamped
Co
&
Asbestos
Mfg
82
151
69%
Jan
82
Dec
Athey Products capital—.——
42
•••••:•■ -35
23%
Jan
4 4'A
Dec
Automatic
Jan
Washer
——
67
:
66'A
67
12'A
12%
12'A
13
•
%
13%
12'/a
12%
*
172
-
13%
12'%
13%
.100
16
17
.
100
;
90
Jan
-
Jun
Bastian-Blessing
Jan
17
Jun
Belden
Mig
Aug
M5%
Jun
Bendix
Aviation
9% Aug
16
> 500
10%
Nov
17
162
11%
Apr
14
Apr
Berghoff
18% Jun
'
19
180
High
7%
Jan
11% V
11% V;
13%
14
28
28
5%
5%
16
16
8'A
common-
300
v
Oct
Dec
Dec
6% Jan
,17
Mar
50
.16%
2,100..
1%
450
7%
>•'
10%
14
12%
20%
7% Aug
..
800
•
Dec
Dec
Feb
300
'•,
8'A
9%
200
'
.
:
•
5%
16
8
10
v
v.
V
18'/a
21%
.
15
Dec
28%
Dec
Jan
6%
Nov
Jan
17%
Dec
8 %
Dec
3
Jan:
10%
Dec
26
..I 900
Jan
5%
1.800
Jan
36
Nov
27
Nov
ADr
9%
-
Jan
20
,
tDeJaware)
10%
-
315
*'•
13%
16
__
-100
60 v4
1,572
10%
13%
41%
37
900
28
common
43%
1,393
V
Jan
19%
20
Co common——
80 y4
-
15%
11%
82
44
50
.11'A
common-
Equipment Corp common-
Oct
Aviation Corp
;. .100
Stamped
7%
Bearing
Ball
Armour
Nov
J
.100
prior preferred
class A 1st preferred—— .100 ;
7 %
18%
common—
43%
•
Corp—
RR—
Maine
&
Boston
25
100
————,——
Traveler
Corp
''
46
Low
17%
18%
Mfg common—
D)
Allied Laboratories common—
Ai'o
Boston
Range Since Jsuosry 1
17%
Advanced Alum Castings
Dec
...
(J
Admiral
Nov
24
24
Son
Shares
High
Low
Dec
Adams
i
for Week
of Prices
Sale Price
par
59'A
Aetna
Inc
Bird &
Range
Hioh
Lou ;
.
41% Aug
156% Jan
40
190%
30%
—
■■V-Jv.
...
f
Sales
Week's
Friday
of Prices
Pnr
Chicago Stock Exchange
Sales
for Week
Range
Sale Price
STOCKS—
-
Exchange
Week'*
Friday
•
Jun
22
221
Nov
^eh
60
pfd
14
20%
*
capital
Co
24
1
common
Corp.
Brewing
Mfg
32
1
common—.
Corp
35
*
-10
.-5
common
Brown Fence & Wire class A
Jun
Jan
Blnks
Co
Co
19'A
19%
Boston & Providence RR——_____ 100
56 Va
57
90
8%
9
375
tiVa
Apr
9%
NOV
28%
29
33
16%
Jan
30%
/
30%
600
24
55%
14
14%
20%
21 'A
30%
Jan
10% Mar
950
7'A
150
61
23%
56/a
Jan
32%
Apr
;
:
Oct
23%
Jan
150
Oct
15%
Jan
100
10
45
Jan
48'A
500
250
<
30%
10
44
Common-
16%
100
24
55%
"2
"
*
35
Dec
33% Aug
11% Nov
Dec
Boston
Personal
.
Trust——
Prop
-116
13%
41
.
July
Bruce
Burd
Co
(E L)
Service
Eastern
Gas
——
8%
Piston
A——100
—100
-100
Eastern SS Lines Inc common.—
•
preferred
series
cAass B
5%•>pfdiadjustment—
6%
1st
6%.
*
98
7%
8
107
Service
-99%
8
104
,
30
200
r
78%
Feb
1
Central
Dec
Central
July
-85
96
Jun
109
-
Feb
Jan
109'%
Dec
109%
'
-
240
71
*
27
■
Nov
100-
3
30
615-
14%
19%
20%
283
12
May
33%
20%
-
1,120
-107%
105
preferred
Public
&
Central
Fuel Associates—
&
4% %. prior preferred ——.—*.—100
Mass Street Ry common—100
Eastern
Engineers
-
34%
124
16
8ya
Jan
-21
-
•
36%
_10
Illinois Pub Serv $6 pfd.,
*
111 Secur Corp common
1
S W Util common-50c
(AM)
Co
Preferred
Central
Dec
30
Jan
10
Brothers
Chain
Dec
Cherry
&
Pr
States
Belt
—*
Co
5
common.
Dec
(Wm)
Sons Co————*
National
First
General
General
Stores
Capital
Gillette Safety Razor Co
class
Bakeries
Hathaway
45.50
27
47%
345
!
Jan
31
Dec
42%
Jan
59%
Oct
36'A
Jan
47.15
Dec
Feb
49%
Seo
Convertible
—1
—*
A—
*
46%
37%
for
preferred—
5%
I;
'
19%
Mar
19%
Dec
23%
23%
173
13% Mar
26%
Dec
Chicago Towel Co common capital-—*
Chrysler Corp common—————_5
10%
10%
50
6'A July
15
Nov
Cities
1%
♦
5
14
60c
;
Service
Co
common
Co
July
3'A
Nov
Club
Jan
3%
Dec
Commonwealth Edison common
Aluminum
Uten
com
2
3'A
3'A
•
48 %
50
290
35%
Jan
51
Central RR common—*——100
12
400
5%
Jan
12%
Jun
Dodge Mfg Corp common
52%
53%
40
41 %
Jan
62
Jun
Domestic
Dec
22
Jan
35
Nov
99'A
Jan
%
Jan
11
Jan
82%
Jan
10
8Va
Jan
112%
6'/a
12'
190
Nov
Dec
Dec
Dec
20 Va
Apr
33
Nov
%
100
21
»A Mar
75
r
;
16
Jan
21 Va
Dec
9%
Feb
8,400
7%
Jan
1,100
53 Va
Jan
61%
58%
64
Oct
42
42
42
50
35
Jan
49
Nov
32
100
24%
Oct
32
Dec
-100
54%
Jan
76%
Jun
79
Dec
62
69% -69%
100
63
Jan
134% 134%
100
93 Va
Jan
134%
Dec
29%
600
16%
Jan
30%
Dec
8%
Nov
79
79
134%*
-f
28%
10
*
5
7%
7%
7%
25
—1
34%
79
3%
50
Jan
Dec
11%
9
Dec
"27%
980
-30
-2i
8s'e
8%
—100
19%
22%
—
210
Coleman
-100
1%
(The)
Co
Inc
Consolidated Biscuit common
Kennecott
5%
30
11%
Jan
190
16 Va
21
Nov
Jan
400
186
16%
48 '/a
6'A
13%
*
800
••500
5
li%
185
21
■
32
*
19%
1%
—;
Royale
Maine
185
r
110
4%
11 •;
11'A
-
Vtc
Copper————15
B
Class
Isle
preferred
Chicago Flexible Shaft common..
Chicago Milw St P & Pac com wi
Chicago & North Western Ry—
10%
•
1_*
(
;
126
22
100
55%—'
45.50
*
—;
Co
31
54'A
1
Corp——
Electric
Gilchrist
31—
—
34
109
110
-*
common—
Burrell -Corp
Chicago Corp common—
Filene's
33%
•
pfd—
Lt
10%
26
800
100
10%
25%
common
—
i
25%
1
Ring common
Butler
Castle
Cities
5
——10
Hecla
&
Calumet
common—
Copper
preferred
11%
—100
——-—.—:
Industries
Inc
class A
17
22
22
33%
34 Va
2,700
28%
Jan
34'A Nov
23%
24 V a
700
7'A
Jan
26
Dec
*
28%
28%
28%
250
15
Jan
29
Dec
1
5%
55/a
5%
1,450
4
Apr
20
39
Mar
52
Nov
-13% Mar
23
Dec
25% July"
23% Dec
34%
50
July
23
6%
Dec
Dec
-
Mass
Util -Associates
vtc
"3%
•
3%
4
400
1
Jan
4%
Dec
Eddy
Paper
Mergenthaler Linotype
*.
78
78
7
64%
Apr
86%
Nov
Nerragansett Rac'g
1
16
16%
200
7%
Jan
17
23%
24 y«
157
15%
Jan
25%
Dec
Flour
ll36
1%
1,425
Nov
Four-Wheel
100
128%
Nov
Fox
(The)—
■
47
Nov
5
1
Corp
47
Electric
Housenuid
Util
21%
Corp
.
21'A
21%
1,100
10%
10%
200
23'A
200
7% Aug
13% Jan
26%
100
24% Aug
-
Assn Inc
Nash-Kelvinator
National
New
Service
Cos—
England Tel & Tel
For
footnotes
see
page
32ffi,
1
128% 130
140
22c
109%
July
Jan
1%
136
Mills
of
America
Drive
Inc
Auto—
(Peter) Brewing commori
—-—5
10
23
—l'A
26
Va
.
Feb,
3222
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, December 31,
1945
OTHER STOCK EXCHANGES
RANGE FOR WEEK
Week's
Range
for Week
ef Prices
Shares
Last
STOCKS—
Bale Price
Friday
General
Motors
Gibson
Goldblatt
Gossard
Bros
Co
Inc
Co
&
13 %
~m~
Dec
Cincinnati Street
Cincinnati Telephone
Dec
V 26
13% Mar
Cincinnati
Union "Stock
class
18%
200
9
Jan
23%
Dec
Coca
22% <•'.
400
16
Jan
24%
Dec
Cohen
24%
250
18%
Feb
25%
Oct
Crosley
21
250
11%
Apr
21
Dec
Dow
13 %
Apr
21%
Dec
Formica
24%
20%
20 %
20%
100
25
_w
58%
40%
22
22
ZZi
Hupp Motors common (new)
58
40%
58%
*
__
common
22
Cola
-
60
Dec
24%
9%
Dec
Hatfield :
Hobart class A
3%
400
Art
Illinois
18%
17%
pfd—
100
35%
250
32%
1
•
15%
-100
Xll03/4
16%
13%
18%
Oct
Jan
43
25% Aug
xl9% Jan
37
Oct
6%
Jan
12%
14
32%
Jan
6%
1,100
'
Jan
Kahn
Dec
13%
.
Leath
Univ
Ext
Co
&
5
common..
*
common—
Cumulative
Marshall
Co'
Field
4 % ft
Food
Corp
West
&
Hart
Minneapolis
Modine
Jan
15
7'.;
—
National
112
Northwest
Nor
1
Co
Pressed
Steel
Corp
Car
17%
250
10%
49%
100
33
200
48%
Jan
43%
200
47%
49
400
38 %
21%
23
150
Packing
27%
106
-50
44%
16
Feb
23 %
12%
150
33%
Jan
75
Jan
11%
950
100
98
Jan
43%
800
33%
Jan
7%
25
7%
50
^25
5%
16%
200
South
102% 103
76%
32%
Inc
I.
23%
18%
common
5%
Standard
Works
capital
18%
19%
800
19%
19%
20%
800
5
32
Jan
21%
22%
700
43
42
44
31%
Oil of
Ind
capital—
—10
Swift &
Trane
Co
Co
capital
(The)
5
6
'
107%
6
208 South La Salle Street
Corp com—*
United
Light & Rys
United Specialties common
41%
26
'■■■• "■
20
Jan
H'3l%
Jan
33 Vb
Co
*
common
_
Wisconsin
Woodall
Bankshares
Indust
Zenith
Radio
_
Jan
11%
Dec
Dec
Machine
Corp
5
capital.
Faultless
Unlisted
Top & Santa Fe Ry com
Bethlehem Steel Corp common
36%
Jun
23%
Dec
54%
Nov\
Tire
3%
33%
Jan
44%
Dec
14
Apr
22
Glidden Co common
Goodrich
General
Martin
39% Nov
Electric
Iron
Co.
Corp
(Glenn L)
Jan
7
Co
common
18%
400
y
14% Mar
20%
300
12
82
81
900
59%
39
39
39
V';'
36%
33
36%
31%
27%
May
20%
Dec
85
Jan
100
31% Mar
41%
37% May
32% Dec
33
350
16%
17
600
11%
17%
17%
11%
12
150
40
40
100
50
Jan
Dec
17% Nov
8% Mar
7%
35
22
Oct
Jan
13%
Dec
July
43%
Greif
Bros
200
95%
200
8%
900
Halle
Bros
Industrial
Jones
153
Studebaker
Corp
Rubber
Co
:
,
Island
&
L
National
Dec
Jan
y
49%
Dec
Salee
7 '
900
2,600
100
17%
17%
18%
800
•
30%
30%
31%
2,100
19%
28
99
:
•
26%
12
a42%
:
X
Oil
a60
33
Laundry Mach
Churngold
C
N
O
For
&
—20
*
.
Ball
300
T
I—I—20
P
footnotes
see
Range
(Un)
54
of Prices
8hare*
a68%
44
44%
12%
13
*70
g
200
page
3229.
107% 107%
28
Dec
Dec
29%
Dec
Oct
22%
Apr
27%
377a
:
Jan
49% Sep
Jan
46
Jan
39
26
Dec
25%
53
July
74%
July
63% Oct
Oct
-
Oct
31
Dec
10
75
Dec
90
Feb
83
48
Jan
60
Dec
25
52
VJan
55
May
45
Feb
30
'
"
'
54
68%
44
45
5
63
21
39%
30;
30
a41%.a41%
150
/
Jan
69
Dec
33
y-.-193
>
:
15%
;
Jan
45
Dec
30
Feb
»
23%
Jan
27%
25-
Jan
*
46% Nov
Oil
39%, 39%
1,381
13% Mar
17%
23%
Jan
40
20%
,vy.i5o-:
V
20
425
12%
Jan
34%
,
Jun
.
Nov ;v„
%
•
a33% a33%
1—
*
:
•
25
24%
122
2
-
';
>:
Jan
7%«Feb
357
-
37% .Dec
-Vl
Oct
14
•
5
(Un)—.—
•
—
of
Ohio
a29% a30%
31
53%
53%
——10
.
Dec
U
Steel
S
44
Nov
Van
15%
Jan
25%
Dec
Vlchek
Jan
35%
176
56%
Dec
Jan
64
Jan
24%
31
14%
ft'*'
Nov
/;/. 492
19%
V;. 791
39 % Mar
a80% a81%
%,■
131
K 134
35% Dec
23%
-
.
>
Dec
25
Jan:
Jan
•
-
Jan
Nov
17
■
>.
26%
55
a24% a25
*
——
16% Aug
31
Dec
Jan
(Un)——
21% Jan
39
/>;
25
49% Sep
14%
22
Dorn
10%
Jan
19%
30% Dee
Jan
33
19% Aug
27
Oct
58% Jan..
85%
Dec
45%
68%
29
285
.18%
Jan
29 V8
Oct
13%
150
7%
Jan
13%
Dec
5%
Sheet & Tube common—*
Dec
72%
28
; 13%
!
Refining & Chemical———2
Youngstown
Nov
33%
29
Oct
5%
120
2%
Feb
66 %
■
66%
150
39%
Jan
7
Dec
70% Pec
Nov
56% Aug
18% Jan
•
*
Dec
Jan
Works
Aug
Detroit Stock
Exchange
Week's
Sales
Range
for Week
Sale Price
of Prices
Shares
Electric
—
1
Rubber
Low
4%
4%
High
4%
Range Sine* January 1
Lev
725
2
July
15%
15%
15%
525
Briggs Mfg common.
Brown, McLaren
10%
49%
49%
50
600
37% Mar
3%
3%
3%
800
Burroughs Adding Machine-
19 y4
19%
19%
150
19%
19%
100
8%
9%
3,714
24%
251/4
5%
878
21%
Jr»n
200
1%
Jan
31'
31
150
23%
Jan
15%
15%
180
Continental
Range Since January 1
High
32%
Jan
45%
Dec
10
Jan
13
Motors
Detroit & Cleve NavigationDetroit
Edison
Detroit
Gray
common
1
.10
.20
Dec
2% Mar
Dec
6%
115
Nov
May
Federal Mogul
Federal Motor
Ironcommon
Truck
9
_5
5
*5%
5%
Jan
1% May
mgh
5
Dec
16% Dec
50
Dec
4%
Dec
Jan
20%
Dec
8%
Jan
19%
Dec
5%
Oct
9%
Dec
14
9% Mar
:
/
■;
33% Dec
56% Dec "*•
Dec
19%
Iron
Tool
:
Dec
Dec
107%
>
.
'
14%'15%
"i
39%
34%
—
Bros
9
Low
12%
—
1
<*103
Jan
48
a22% a23 %
Richman
Hiah
-X
Jan
78
,
y 54 y
—
Standard
97%
Jan
for Week
g
19%
23
Sales
44%
Crank
Dec
57
78
(Un)
Dec
5%
Cincinnati Slock Exchange
American
Dec
30
125
V
12V4
Dec
67% Jan
Baldwin
Cincinnati
10
Jan
50
,
a61
33
57
Par
Low
18% Dec
10
■
a72
>-;rs%;%5%
Steel
Allen
8ale Price
apt ;•
Jan
18%
75
37%
HUrh
f
8T00K8—
Par
^
.
83i Dec
80% Jan
70
43%
a37%
a72
,
"V;
Last
Last
,
20%
69
,.
V
Jan
5%
27% sV 1,014
26 %
Friday
Week's
'
235
...
101
a46% a47%
78
Reliance Electric—.—
57
32%
100
/:
Dec
29%
25
31%
63o
11%
27
7—1
Republic
Jan
10
200
18
i*25%
.
*
—
Nov
Mar
23
Low
* 8('2
37
—
■
Nov
9
23
Range Blaea Jaaaary 1 /
High
27%
Cement
47%
38
•
STOCKS—
*
Exchange
a27%
Tile
N Y Central RR
48%
Friday
Dec
28%
.
National Acme
22% Aug
1
77%
62% Jan
97
48%
25
•
T
'■
Portland
111%
400
•
common
Dec
;■ 24%
a9%
——•
:
Medusa
Warren
common
Dec
Dec
11%
Jun
a9%
&
28
.
30
"29%
Jan
18%
8%
•
j
100
_•
J
4
'
18
50
Jan
14
24
N
18% Aug
Jan
20%
30
8%
33
(Un)
Jan
47%
35%
common
Dec
Dec
"
77
Low
.
100
preferred
Rayon
76%
46%
23%
of
Jan
14
34
Oil
S
94%
34%
Standard
U
107%
24
Brands
30%
110%
Shares
100
29%
106
1
Radio Corp of America common
Republic 8teel Corp common
Jan
for Week
*
common
Cooperage - class A
Patterson-Sargent
•
Standard
15%
110% Dec
Dec
11%
_•
Oct
68
of Prices
Nestle- LeMur class A
8
(The),common
Dec
51%
Dec
100
v
31% July
14% Jan
Corp
Co
Dec
38%
231:
*
Preferred
Dec
Dec
27%
Central RR capital
York
Oil
(Un)
Jaeger Machine
26%
•
67%
Jan
Jan
97
..
10%
Bale Price
5
Interlake Steamship
46%
common
Jan
14%
"
96:.
Range
•
-
Towing com
Dec
94%
Dec
43
•
27%
*
52 %
BO
•
Paramount Pictures Inc.
Pullman Incorporated
Pure
I
I
F)
36% Jan
7%'
Nash-Kelvlnator
New
(B
Goodyear Tire & Rubber
210
107%
Oct
32%
Dec
1,700
*
100
Dec
66%
Jan
45%
'
311
Week's
*
Rubber
&
51%
Curtlss-Wright
Interlake
29%
Stocks-
Atch
11
Feb
23%
25
10%
Friday
1
(Un)__
Ohio
American Radiator & St San com
Anaconda Copper Mining
Dec
vv
74%
5
1
Rubber
Electric
51
—
8%
„55 % Mar
20
1
General
51 %
11%
V--75%
•
Dec
'
Oct
11%
.
5
31%
•
common
Body
•—j«—
Apr
,;V:.
Dec
50
Mar
'
Corp common—
Jan
r
3
118
27%
•
•;
•Far
Cliffs
31
.
27%
50c
General
% Apr
:y/:-y
Cleveland Cliffs Iron preferred
-
17
—
y y.;
*
150
—
52%
Apr
Nov
21V,
;
City Ice & Fuel
Clark-Controller
Dec
20
:
:
500
—
_•
Feb
47%
28%
•
common
com
Yates-Amerlcan
•
48
Feb
Dec
23 5 8^23%
38%
Il2%
-
by. .10%
-10 :
28%
20%
7%
76
55
V v 36% Jan
57
.^vi
110% 110%
--"28% 29%
■X 28%
*
Motors
f
.
28%
new.
//.y-yyyy.'y yyyy'■yy-
Kelley
Walgreen
Westinghouse El & Mfg com (new)
Wieboldt Stores Inc common
51
•
37%
8 li/4
'./V
t
:*j 34
23
preferred
28%
1
Dec
66% Aug
Mar
y 472//
633«
33
"...
Basic Refractories
Nov
Nov
300
22
•
U S Steel common
63%
51
'
Akron Brass Mfg
American Coach &
Jan
500
42%
22
27%
31
*
—
/jy-z/ySTOCKS—
Dec
46%
tl9% Aug
12% Mar
420
6%
41%
25
common
■VI
45
200
64^
*—50
Gas
Great Lakes
6
Standard
11
62%
Last
Dec
Apr
Dredge—
Bund strand Machine Tool common
Dec
135
.—10
t
Dec
7
.
14% Apr
14% Aug
350
21%
•
Stockyards capital
32
2
common
Nat
354
11
Cleveland Stock
Dec
25
July
30
18%
Lathe
Bend
Spiegel
St Louis
45%
Standard Brands
Nov
8%
Jan
2%
3
Oil Corp
Nov
58
4%
V
40
45
11
Dec
45%
4% Aug
100
7
112
Signode Steel Strap Co—
Sinclair
38
Jan
'
Dec
30%
new
10
:56 y*
10%
64%
—
Dec
4%
9%
107%
%*-DecwA""398e
Corp class B
263,4
40
133
71%
52
r
51%
10
Dec
75
Roebuck
Common
Dec
Dec
Nov
7%
102%
12%
Oct
9%
7 \-7
common:
Sep
Apr
Apr
Dec
1
120
42%
25
*
7
Dec
Nov
30%
142
2,000
106
r
Jun
51%
Pure Oil
Oct
4%
71%
52
Service /.
General
Dec
50%
25
Jan
43
Dec
Dec
Feb
17% Aug
60
40%
10%
City Ice & Fuel
Columbia Gas
Dec
11%
9%
43
—1
Sangamo Electric Co common
Schwitzer Cummins capital
Serrick
18
75%
,23%
9%
.100
common
Dec
50
V
23%- Jan
950
Jan
10% Mar
50
30
Cincinnati
Nov
74
B
1
,
Dec
16
28% Mar
45%
Playing Card
Printing
S
Cities
6% Nov
11%
11%
10
common
28%
140
23
2%
V
71 %
^
Unlisted— i
Dec
24%
15% Nov
5
'.
58
—100
American Rolling MilL
Nov
22 %
Jan
20
136
Nov
42%
Jan
74%
28%
pfd——
Preferred
Dec
111
*-•
Jan
17
capital
common-
14%
2"% Jan
43
common
(The)
10%
800 :■
:
1,300
'
„
29%
56
•
-
Dec
25
Jan
74%
.1
(The)
Quaker Oats Co
Sears
6
17%
18%
350
22
5%
14%
108% Aug
8% Apr
2
common
Pennsylvania RR capital
Potter Co (The) common
Process
Jan
49
common
Peabody Coal Co class B com
6ft preferred
Rath
1
common
Pen
5%
40
U
Dec
•
13% Mar
700
Dec
13%
Jan
•
common
Nunn Bush Shoe common
Parker
21%
5%
Bancorp
common—
•
7ft preferred——100
Mfg
6%
*
Inc
Car
21%
vtc-
common
Co
Cooker
Ind
V
42%
U S
49
Jan
Jan
200
"
110% 110%
21%
22
Util
West
Oak
41
29%"
4"
100
——
Procter & Gamble—
11% Aug
19% Dec
Jan
7%
100
.1
&
Pressure
7%
37%
100
Prod com
Co
•:
'•
12%
common
Ward
4% Mar
10
23 %
•
'
;
Nov
700
12%
100
Brewing
American
14
capital
Inc
Noblitt-Sparks
North
13%
13%
29%
58
•
National Pumps
Preferred
Dec
Jan
•
Jun
125
•
___
16% Nov
7%
450
■
23%
Mfg common
Montgomery
12%
5
—
Middle
Miller
19
47%
12%.
com——•
common.
Mickelberry's
18
47%
1
common
preferred
18%
300
July
20
Rapid
-
8%
*
Lindsay Light &. Chemical
Material
8
7
preferred
Libby McNeil & Libby common
Lincoln Printing Co common
Line
8
1st
Kroger
Jun
:
Salle
La
11
25
12%
Dec
39
107%
400
110% 110%
95
20
12%
Dec
;A;
15% Nov
Jan
176%
12Va
11%
„«
Participating preferred
Jan
100/
160
Jan
125
40 ;
38 %
—
High
8%
'■ 78 %
•
-
Jan
20
300
35%
151/4
13%
/
;■
12%
7%
650
.
32%
12%
33
*
Katz Drug Co common
Kellogg Switchboard common
Kentucky Util 6ft preferred-.
43
34%
Independent Pneumatic Tool vtc com-*
Indianapolis Power & Light com..—*
Indiana Steel Prod common
1
Interstate Power $6
18%
43
,
50
7
176% 176%
11%
Sep
Gibson
14
*14
176%
Nov
40%
Jan
Dec
60
38%
Insulation——:
48
92%
»
*,
22
14
1,070
.I—•——__*
i-.—
37% May
Low
14%
—*■
Drug
30
.*
..—I*
Range Since January 1
High
13 T a
*92%
*
A
Corp
Low
14%
50
—
Yards—,
•
Brick Co capital10
Central RR common———100
Illinois
Share*
—50
-
(Dan). *1-
40
100
9%
9
.
for Week
of Prices
Par
Dec
21%
20%
1
A
com
Nov
200
21
•
.—10
com
(Geo)
11%
13 %
18
G cap—
Houdaille-Hershey
77%
2,700
23%
22%
24%
<
,
Bartlett common—
Spencer
Hormel
12%
Jan
Sales
Range
Bale Price
STOCKS—
High
62
900
23%
•
Dk com
Brew Co
Heileman
76%
12%
common
Corp
Harnischfeger
75%
common
W)
(H
Lakes Dr &
Great
75 %
Corp common-
Refrigerator Co commonSafety Razor common—
Gillette
LOW
High
Low
Week's
Last
Range Since January 1
T)
,
Hibb
ENDING DECEMBER 28
Balis
Friday
25% Dec
5%
Dec
31
Dec
17%
Dec
;
Volume
Number 4451
162
THE COMMERCIAL & FINANCIAL CHRONICLE
:
/J-
-i
■vp
'*
3223
other stock exchanges
RANGE HFO& WEEK ENDING
DECEMBER 28
-
,
Week's
Last
■'
watling, lerchen & Co.
Lane-Wells
Lincoln
York
New York Curb
Stock Exchange
Detroit Stock
•'VvH-xyi ;
Associate
Oil
Menasco
.,/c^ciucago atocic c.xcnange
Pictures Corp..
Oil, Mng & Dev Co.
Last
.••»••
STOCKS—
•
Gar
Industries—b— -----3
Wood
General
.
Finance
.1 General
Valley
Hurd
—
—1
3%
3%
—
.
i
&
Car——
30%
-—-—I
Mfg_„
8%
62%
3%
v
3,300
*1%
Jan
U
"
.8%'
———-
5
Drug
Lakcy
Foundry, &
•
_
'V.-
■
16%
200
*
Screw
Masco
*•
6
Corp
,
V Park
Car
Wolverine
Brewing
/
™~Zr
(H
River
9 %' 'Dec
Jan;.'-.
4
Dec
-:: 3
Dec
5
Shelter
10
4
■■
■■
•■
2%
Jan
1%
Jan
Standard
Tivoli
Tube
B
2%
Feb
100
24%
/? 7% Dec
31% Oct
13%
/ 1,790
Jan / ^
20%
•5 Tb-
3 ya
500
•:
961
•
13
v
'-••■■■
1,465
,100
•
100 / *;■2%
-.4%;;/ I
6 VA- Dec
"•:'.--.Vr.6.%
14%
United
Shirt
United
Specialties
>
Distributors.—
Radiator
S
•
4 Va
Warner
'
•
.
'
Aircraft
Wayne
Screw
13%
>
ZZZl
40c
70c
75c
1.40
1.55
_i.
7%
6%
13%
Western
14
Jan
17%
7%
7
Dec
Alaska
"rMi 15
Dec
Black
350
-
'■
i
■
:*.'
5;-/K
4% ;/ 5
9
/
*
4-
Los
9%
91/4
Vb
V.'.
Friday
;
19%
Dec
Cardinal
Jan
;
17
Dec
Cons
10%
/
-*■
common
4% Mar
-
'
-v
2
Gold
Inc
*%
—
Unlisted Issues
Co
*
.
rights
5%
•
■/; '
Cons
Mng
.V
—.
Oil Co Ltd class
___•
114 "
■
3
2,286
96
"" 114
114
7
1,550
.
T
a
__
17%
15
35%
235
30%
21%
v->.
22%
17%
a
a95%
-25
;
21'S Jan
77..
•
Jan
Mar
.4
Aug
17
-
Dec
16% Aug
2634 Jan
630
4
17
Co—^_«_'_5
A__-_^>——1
al4
10Ts
&
Cbro
11
1"
a76
common..;
McBean & Co_
Goodyear Tire &
*
11
30%
195
30
42
29%
277
21
2n8
3,2212
a73 Vb a73Vb
90
r.
45
Jan
Feb
32% Nov
*
31Tb
Jan
Dec
.
42
Dec
39%
215
29%
Dec
36% Nov
Jan '*
62
Nov
39
114
1,795
8 Tb
Dec
21
■
Dec
Mar
38
194
42
49 Vs
30c
'*
Jan
49%
Dec
-
■
'5 Tb Sep "V;15
9
Jan
;
Feb'
Dec
22'/a
Dec
50Va
10% Mar'''
28
Dec
29%
Sep
a27
434
20%
Jan
'
27
Dec
20Vb
20%
21%
1,760
15%
Jan •• •'
28
Mar
3%
3%
1,150
3%
Dec
3%
Dec
1.00
1.00
1,000
1.10
Jun
1.30
Dec
6%
Jan
7c
Jan
19c
,i
3%
a8%
a8%
a9
150
13c
13c
,
2,000
9%
Nov
Nov
15c
16c
2,300
2c
Sep
20c
Nov
2.00
2.10
1,680
1.00
Jan
2.10
Dec
2c, May
__
Works vtc
•
Jan
Corp
10%
Nov
a33% a34%
...
112
a50%
a32% a32%
a49Tb a50 Vb
;
Feb/
17%
Jan
31%
39 Tb
Apr
5
-
89
10%
150
Ry
Dec
24Tb
35
.
883
39%
/ 20Vb
'*
Jan
.
Jan
Feb
29 % Mar
Dec
52% Oct
20%
46%
28
32
Dec
Dec
Nov
Oct
a34
61
3
3%
5,420
H Feb
4%
Nov
a35
a35
50
18
Jan
33%
Dec
18Tb al8Tb
85
9
Jan
19%
Dec
8 Vb
/ 758
5%
Jan
a47% a47%
25
38 Vb
Jan
48%
Oct
35
40% Mar
a33%
,
a
1
8
1
*
1
*
33%
Jan
60
a94Vb a94 Vb
20%
Corp
Co pfd
Aug
17%
49% Aug '
94% Oct
a44% a457/a
*
*
Dec
Dec
48% July
68% Jan
a27% a28Tb
..'•.V:'*'V;"1
10 Vb
25
80
30
20 3b
_—
Dec
15
Jan
Jan
a44%
Co
F)
6%
Jan
a28 V4
Company
Nov
5%
*
537
Vb
Dec
Nov
49
77%
23%
19
19
196
Jan
5
a54% a54%
*
Jan
Feb
29%
807
10%
25
10
25
Edison
Northern
515
13%
14
al06% al06%"
Railway Co———25
Corp
Foods
(B
a
a54%
5.
—5
Co—
8
9
Dec
45%
Sen
35
54Vb
Jan
71
Nov
10%
765
5%
Jan.
a59% a60%
115
50%
Jan
12% Aug
62% Dec
9%
a51 a51%
a51%
a72% a73 Va
10 Vb
a60%
Tel
Dec
Tel
&
Corp—
51
Dec
Loew's.
407/a
Dec
McKesson
Nov
Montgomery Ward & Co, Inc—
a49% a49%
90
al2%
a49%
30
i;
98
.
Jan
14%
Dec
Jan
38 Vb
Dec
18Tb
Jan
32 Tb
Dec
50%
Dec
Dec
Libby,' McNeill & Llhhy—-----
310
37%
30
35% Mar
50
37%
a30 a30%
•
'
•
Copper Corp
Kennecott
al4Vb al4%
*
Corp
Iron
International
Nov
120 1
7%
Inc
12%
a34% a34%
.13
Inc
Robbing,
a
—*
130
a72 Tb a 74%
a 72%
;
30
7%
Jan
;
13% Dec
35
Dec
Nov
41%
Nov
48 Vb
Jan
75
Dec
22
Jan
35
Dec
Dec
25% July
14
a383/a a39V«
—
—
&
1—7
39
Dec
28'*. Apr
38% Nov
Central
York
North
American
Inc.
Co
—
Nov
Packard
Oct
Pennsylvania Railroad Co
35
770
14
*,
.10
14%
375
9%
Jan
15%
a28 % a28%
-1
35
19%
Jan
31
Dec
11%
1.250
53b
Jan
12
Dec
52 Tb
Dec
Nov
'27
34 Vb
34%
RR-—
American Aviation
North
31
Jan
94%
Jun
33%
15
12
161
480
10%
-13
—1
—
•'7%
71
258
10
580
18%
a
—
13 Va
18%
186Tb 186Tb
a44 Vb a46%
—
a44 %
Corp—11—w— ----5
Co
Motor
Sep
Car
Pictures,
t.
12 % Mar
17%
Jan
14%
Nov
Radio
Jan
1.35
Dec
Republio
75
26
a61% a62%
a62%
a 38
120
a38Vb a38%
Vb
.25
90
a42% a43 %
.50
66
48 Vb Mar
33%
Jan
Mar
45
Dec
36% Dec
64
Oct
Dec
10%
28Vb Mar
a55 % a56%
-1
Inc—
Phelps Dodge Corp
30c
11
11%
Co-
Pullman IncCorp
19%
Dec
32%
Dec
■17%
18%
331
*10%
31%
31%
246
19 3%
35%
36%
1,193
17%
of Amerlca.
Corp——i
17%
700
Jan
18%
Dec
55
34%
Jan
57%
Nov
137
29%
Jan
35%
Steel
io
.
350
Dec
180
13
Jan
7% Aug
62% Jan
700
20%
Sears
Dec
Socony-Vacuum Oil CQ—
Southern
Railway Co—--
Roebuck
300
277
a2978 a297a
-
11
25
16 V2
Jan
32%
Dec
Standard
a597saSOTV
63
50% July
62%
Oct
Stone
——1
1.90
900
25%
25 Vb
1.925
,480
75c
Apr
15% July
3 % Jan
——-1
Motor Car Corp
Petroleum
1.85
—10
Co
Inc common
9%
9
9>/4
-10c
1.45
1.30
1.45
1,300
25.c
Jun
25c
30c
3,900
,9c
May
Corp
12% Nov
Standard
Brands,
77
Standard
Oil
Dec
&
2.00
Jan.
Jan
Oil
Nov
Texas
9%
Dec
Tide
1.75
Dec
Union
footnotes
see
page
3229.
Inc—
(Ind)
Co
Co
CN J)
Webster,
Inc—.
----IS
V
17%
13 %
Oct
39% Nov
—*
*
a477/b
a58Va a58%
a47% a48 %
25
a41%
a41 a41%
61
35 Vb
Jan
42%
Dee
67
302
57Va
Jan
68%
Nov
a20% a21%
50
11Va
Jan
21%
Nov
Dec
——29
*
;
67
67
a20Tb
Jun
a32 a32%
1
Corp
36%
a58 Va
16
18%
Jan
33%
60Vb 60%
a22% a22%
346
49Vb
Jan
60 Va
Dec
10
17%
Jan
22%
Nov
Dec
27%
40c
Dec
Co
Water Assoc Oil
Union
10c
Co_
Co
&
36%
(new)—.———*
Nov
Studebaker
For
10
309
Nov
a26Vb
3
fr ■.
a733a a76Ts
__
Rubber Co com——V
Development
Oil
41
44
31%
Dec
18c
Jun *
30%
Oct
33%
Jan
48%
-
—2
Corp
Jade
Aug
26 Vb
Dec
a26%
5
8
t.
27%
27,927
385
19Tb
Intercoast
14%
304
a58% a60%
■—
100
—
—
Int'l Nickel Co of Canada——
;
'..'-■
1.35
385
Hupp
7c
346
31%
v; 21
5
27%
Jan
9,200
29%
•
Interlake
35
17%
al4
1.10
1.25
19%
Hunt Foods
4c
25c
8%
50
Dec
50
a30 a30 7/8
1
Holly
25% Aug
19%
42
100
Dec
6%
Jan
375
'
a95% a95%"
100
Gladding,
4
15,000
11%
•
'.at^JLSc
Graham-Paige Motors
1,15 Dec
v
Jan
1%
28^8
103
6%
7
Radio-
Motors
20%'Aug
/
Television
Cgeneral
6% May
83
'•
—1
5%
1% Max
583
51
Apr
'n
Garrett
400
V
—1
41%
Jan :
25c
5,200
Farmers & Merchants Nat'l Bank
Faxnsworth
5% Dec
Hiffh
■
3% Aug •
1734
50
6%
Low vy,-
y
1,850
'
47
lioc
:
-
•
12c
22%
Service
Paramount
__1>.
(new
Electrical Products Corp_„—
'
Jan
a33
44
10
General Electric Co
New
.—_1
In'c
Derrick & Equipment
18% Nov
'/a
36 Va
Mng Co—— 10c
—
*•
r.'
,eter
■
-/
y
Co_.
Curtis-Wright Corp
"
Emsco
Dec
-
:'-v"
S Mng Co—
Pacific
(J I)
Great
31
73a
51
■
•
Co—
Industries
4 Va
22c
Oil
Aviation
Canadian
Case
Range Sines Jannary 1
485
30
Aircraft
Douglas
Dresser
77 %o
Jan
19%
10
Co
Mng
Corporation
Goodrich
//■< /:
V
35
America.
•52% Dec
Jun
Mar
10%
lie
31%
-
pfd
*.:•'/:.«v: "
F Ry Co
General
Shares
534
Preferred
of
a26
-25
10
Boeing Airplane Co
Sale.
aSVa
T?'a"v
cwnsolidated Steel Corp
Creameries
10 Vb
33c
601
500
•
*
Stocks—
Barnsdall
Bendix
for Week
a39% a39Tb
common..*
Fuel & Iron new—
Colorado
47%
2,700
»
"
Inc
Baldwin Locomotive
BROKERAGE
:..■■
v
25
65c
30 7/a
-25
23
Tel & Tel Co—__:
rn
COMPLETE INVESTMENT
>.j
95c 97VaC
3Tb
l
'v
Dec
36 Va
2
Air
Oil
*':
Chollar G &
Aviation
High
,
a5%
!ioo
/.7.
5%
__
—_1
——
Coro_—,_r.
Investment
10 %
25c
•
Copper Mining Co
Armour & Co (111)
Co., New York
a40Va, a40%
1
Aircraft Co__-_._~_____^
1.v ■
Jan
1
Anaconda
FACILITIES
ef Prices
Low
5%
; ,/
1
Consolidated.
v
'..
1
Co
California Packing Corp comii.—
Cessna
5%
Imperial .Development Co Ltd-;.;.
l3b -Jan
700
:AND
Week's
.8*le Price
«TOCK»—• y.
Berkey & Gay Furniture Co—,
Central
900
Dec
3,169
....
9%'
Range
'/"' Par
*.
Oct
9%
52%
ZendalGQld, Mining
Last
Dept Stores Inc
60
Dec
Apr
Angelas Stock Exchange
.
Broadway
Jan
lie
a59%
-
West
'
Corp—
48%
17%
48%
Cement
■
Mammoth
Jan
los angeles —TRinity 4121
—
:
Corp
.120
-25
—
Continental Motors Corp
Oil
Dec
58%
a33
.25c
Gold
Commonwealth
Chica
62 Va
a25%
Calif
&
Lines
Juneau
4%
-
Jan
-15
Corporation
Portland
..
9%
100
16
51Vb
Dec
Jan
Dec
200
Dec
Jan
Nov
62%
~
-
West: 7th Street
Diamond
Dec
NOV
55c
Commonwealth & Southern Corp——•
Cons Vultee Aircraft Corp—
1
Balsa
1.75
*
Consolidated
Jun
Cities
Blue
Apr
18
:i'„9%
California
Borg-Warner
Barnhart-Morrow
29c
34%
52%
—T—„
Bethlehem Steel Corp——.——
Corp
Oct
4,900
Dec
46
16%
4%
Corporation
of
Air
57«
100
9
193,b
15%
Listed
Petroleum
80c
Jan
65c
Dec
5% Mar
100
fairman & co.
Bros
45c
Jan
Jan
±
Mining Stocks—
(
Barker
Jan
20c
6%
52%
-i
'
Bandlnl
8c
1,150
34% May
.50
—.
Corporation
Oil
Universal
Dec
7%
•-
Jan
Union
A T & S
.
Dec
Dec
34%
9%
Company
Transcontinental
3%
i
926
6%"":
DirectPrivate Wire fo Allen &
2.V
9%
1.25
150
9%
Co.
of
Co
Milling
American
;y
3%' Aug
Dec
204
19%
Pacific
Oil
Unlisted
2IO
Dec
9% Dec
65c
Sep
16
62%
62%
Corp
Transamerica
2%
2,600
9
•
1.20
Jan':
Feb
40,700
34%
common
preferred
Oil
Taylor
7
4,285
19 3b
•:
16--
Dec
100
16
34%
1
Feb
12 V«
275
17%
•
Dec
41%
55c
a4l% a42%
a417/8
-1
Amer Rad & Stan San Corp
/
32c
75c
-23
Sunray
•
VX'VZ"
_1
common.....^ —-l
Products
V//
13%
13%
;
'"-i '*/
_*
33c
(Cal)—.
Oil
Southern
Dec
3% May
6%
—
.
common—.—.
'
f
•
'
"
300
Dec
1.50
Aug :
,
1,45
1,925
24
58%
common.
Stores,
Standard
Dec
Jan
3%
[/./%
-•
1
Udylite Co
U
k
i".
—
9%
Dec
Jan:
100
%
Jan *
30c
1.13
common..
6%
preferred class B
5%%
preferred
C_———
Southern Calif Gas 6% pfd cl A.
Dec
Feb
2%
: vio
-
-
34/f
Jan:v
400
16
19%
60c
8%
10
—i.—
Original
Dec
•
-
Feb"
7%
13
Jan
Jan
1,700
.
High
13%
45c
11,885
V 2,300
1.10
—25
/■
Dec
12
Jan
5 Tb- Jan
5%:
17 %
—1
common
Brewing
50c
'
.'.'5%' Nov
7 Va
13 Vb
V
Manufacturing
9%
49c
1—25
—
Co_^.
Corp
Aeronautical
Yosemite
Scotten-Dillon
Oil
Oil
Sinclair
Dec
Jan
5%
"7 Vb
•
Paper
1.05
8%
__<■
common
Inc
Shell Union Oil Corp
Sierra Trading Corp
Signal Petroleum Co
Dec
250
;.'6" ."
14%; ;
4 Vb
—2
Co
W)
Raisin
Ryan
Dec
4%
•>*
Jan >.
32c
-
: ioo
30%'-'
14 V
i
v:
••
Rickel
preferred
Ranch
Safeway
'
31-
■'■.■&%'
•>-
'
14 Vb
———™.
1.00
9
Dec
9
"
,_i
common
550
11%
10%
mZl'v' /.'5%
-
2,600
20'.-: 20
r
1%
18,848
%Y*
v
••
30
Products—
Prudential Investing
'■-4 V.%
1,320
4%
7%
—
Peninsular Metal
Pfelffer
•1 ^
3%
2%
31"::
*
20
•
common—
Chemical Co common...:..
Parker
5%%
Rice
'
Jan/'"
l'/a May.-
V.;ioo
'
~7%
2/212——!—ill—50c
common....___22/2—_mo
Motbr
Dec
9%
Elec
Republic Petroleum Co
■i';341A May
•
-
May
"?3%
1,120
■5 V.
4%;
''5Vb
'
Packard
v
•;2%
%2%
common—2—--5
Wheel
Murray
———_i ;
common
Mid-West Abrasives
Motor
3%"
Casting—
Die
1.00
Southern Calif Edison Co Ltd™.
3%
20
--
l
/-.—I
/u;
Products
&
Warrants
J
''825'
9?l
1
—
McClanahan Oil common
Michigan
Oct
j#
Products
Michigan Sugar
Dec
Jan 4'
Jan
15%
300
3%
MachineJ^il/.Xil'
/.
a40% a40%
v
——_1"
Corp—_
Lighting Ccrp
Richfield
"ioo/
:
Clay
Gas
Pacific
■
9
3%
:V3%V
—r-—
-rv
4%
/
•
Kinsel
Dec
7%
Jan;:
"
Kingston Products
511
.1
1st preferred—
Pacific Indemnity C.o
% Dec
,-7l,76
Jan
8Va
•
5
-yl4%
v
Jan•'v 1.,;.14
759
600
30%
30%
b*V
•
22%
22%
1.40
__1
5%
High
(? >j
v
Mar •* •:
7
635
«
„
67/8
Brewing
Motor
Lock
14
76 VP.
6%
V 7%
150
133 4
__I
Houdaille-Hershey common
Hudson
Low
75%
™10
7o%
Pacific
Range Sinee January 1
Shares-.';
13%
common—b-i
Brewing
Grand
.-..t
Man
13%
i
common
Motors
Goebel
■
Lour
20%
1.35
-
Co
Pacific
for Week
// Range
Par
■■■>•.
20%
1.35
Sales
Week's
Sale Price / «{ Prices
'/■/-"
Ltd-
Petroleum
Oil
Low
20%
1.50
Corporation,
Occidental
Oceanic
;
Range Since January 1
*110
1
Co__
Shares
High
1
Petroleum
Diablo
Nordon
V
i
Manufacturing- Co
Monogram
Mt
Low
lioc
Co
for Week
of Prices
Par
Co
Merchants
Kviv Ford BuUding/ > ;
•',■■ 'y> v»; DETROIT:;
y.r.:
:J;" =.7v'. ^Z''y-^;Z": vZ"5.f f
Friday
'/•■
i
Petroleum
Mascot
Chicago Stock Exchange
Exchange
Detroit stock Exchangei
••
v; »:-/■
,
Co
Lockheed Aircraft Corp
Members
New
v.
Sal© Price
Sales
Range
Friday
STOCKS—
United
—25
—10
Carbide & Carbon Corp.——.*
Pacific Railroad Co
100
Air
Lines,
Inc———
—10
c
1—/•
a22 Va
„
—
a
Apr'
10
84 Vb
138% a 139%
17
117%
Jan
a537/b a547/8
110
33%
Feb
alOOTb alOOTb
98
Oct
127
Aug
53 Vb
Dec
,
3224
THE COMMERCIAL & FINANCIAL
CHRONICLE
•
Monday, December 31,
1945
OThER STOCK EXCHANCES
RANGE
FOR
WEEK
ENDING
DECEMBER
28
'
Friday"
Week's
Last
STOCKS—
United
Aircraft
Corp
Corporation (Del.)—
Steel Corp
U
S
Warner
Bros
Western
Pictures
Union
Tel
Inc
Co
Low
5
United
of Prices
,t
'
—
5
;
Hiah
4® a
——
50
27%
'275
1%
81%
336
a31% a32%
A
343a
Dec
5
Jan
Nov
82%
Dec
Par
j
Follansbee Steel
Fort Pitt Brewing-,*—
\
Lone
?
Star
1333
Apr;
35%
Dec
44%
Jan
51%
Nov
Mountain
175
35%
35%
125
a50 *50%
85
31% July
41
37% May
Jan
50%
National
—10
Last
stocks—
;
•
American Stores
American Tel A Tel.
<E G)
Delaware
Electric
Low-
\.
27%
475
17%
Jan
187% 190%
653
157%
Jan
v':
27%
Dec
196% Nov
Power &
33%
35%
416
24 7«
24%
Aug
21%
25%
1,258
10%
Jan
24%
23%
24%
106
10%
Jan
24%
92% Jan
140%
Dec
Jan
24%
Oct
134% 135%
22%
22
\
'
23
22%
Light—
23%
734
T
19 %
",
62
864
16%
'
Storage Battery
Jan
50%
52 %
73%
77
59%
53
60%
•
15%
15%
16%
12%
Jan
17%
Dec
50
12%
12%
13%
156'?:!
6%
Jan
17%
—•
10%
10 %
10%
950
7%
Jan
14%
&
Salt
Light
1
-
151
43% Aug
47
1,110 '
55%
77%
Dec
60%
I
Nov
Jan
213a •Jan
1,235
Dec
.1
common.
8%
Corp
Jan
46%
37% Mar
491
41%
42%
535
a
;
1,973
21
Jan
29%
779
20%
Nov
31
37
116%
122
31%
30%
32
1,062
20%
20%
44%
27% May
17% Aug
32% Mar
19%
10
41
43%
570
28'
26%
28
--V.
45 %
45%
9
__
*
56%
'
756
1
56%
71%
Dec
46%
Dec
10%
Jan
42%
57%
Feb
61%
Jan
3%
3%
25
1
4%
638
1%
Jan
-—•
47%
47%
248
38%
Jan
13%
23%
48
23%
24%
728
;13%
Ludlum
Blaw-Knox
23%
139
13%
Week's
Sales
Range
American
Duquesne
Dec
Nov
25%
Dec
common
Equipt common
Mfg
common.,
Century Electric
Coca-Cola
Dec
18%
63
5%
200
5%v
115
70c
Dec
21'%
Dec
20%
7% Sep
9% Jan
Dec
.1%
Jan
6
44
44
151
34
Jan
45
Dec
36%
37%
110
27% Mar
37%
36%
36%
Dec,
54
31% Aug
37% May
Established
4th
...
't
Nov
Electric
Emerson
Electric
Falstaff
24
tY'Y\
26
'■X: X
26
10%
11
32%
33
Range Since January 1
96
24%
33
28 %
Toronto Stock
Canadian
11
Friday"'
Shoe
'
Sale Price
105
preferred
preferred
Preferred
Gas
8c
Dec
Jan
13
42 %
25%
26 V
Dec
Feb
Jan
18%
Jan
33
Copper
Gold
rtiuminlum
Aluminum
•
107
common
Canada
Dec
1
Gold
Mines
Armistice Gold
Nova
17
Aug
20% Dec
Bank
of
99
Sep
107
7%c
Jan
14 %c
1,255
25
35
1.10
64c
20c
1.25 Mar
12c
12,550
800
Atlas
Yellowknife
Aubelle Mines Ltd
footnotes
Mines
See
page
3229.
?':';
50
23
Dec
Feb
134
Nov
Jan
107
22
24
v
195
■'
.10
4,000
Class
Beaulieu
99
110
Dec
Bevcourt
97c
Dec
99%
Dec
Jan
19,300
27c
Mar
46c
45c
52c
11,000
28o
Aug
10c
12c
8,500
75c
80c
108,900
2%
59c
1.40
Dec
Jan
Week's
Sales
Range
for Week
of Prices
Shares
Low
1.33
50.600
4.60
4.35
4.65
4,307
50c
50c
54c
41,000
17c 18 %C
9,000
21
58c
60c
47,250
35c
Dec
Dec
Mar
45c
Nov
1.Q3 May
88c
Oct
British
Class
21%
34~
33
34
33
;
34%
18c
19
24c
20%
13c
Jan
280
21%
Dec
34
Dec
34%
Dec
85
26% May
27% May
12%cMay
.
Nov
22%cApr
Apr
38,600
.
63c
10%cJun
16%
835
400
44
24 %c Mar
Jan
20 %' Nov
Jun
2.35
1.50
1.62
1.60
29,100
29,796
1.22
1.30
1.24
Oct
38
39
95'
29%
Feb
40% July
22%
Feb
30
Sep
53c.
Dec
76c
Nov
•:
30
30
20
59c
72c
13,800
1.90
Feb
May
Oct
1.62
Dec
80c
7,500
72c
Dec
1.46
Jun
;
1
1
79c
37c
75c
37c
183
39c
161
69
Jan
9.50 Mar
13,500
185
Dec
30c
Apr
65c
May
I
22c
19c
22c
14,700
12c
Jan
32c
Mar
1
49c
44c
49c
45,814
15%c
Jan
49c
Dec
30c
30c
500
27c
Dec
67c
Jun
34c
36c
7,300
30c
Dec
67c
17%
18
1,300
14%
Jan
19
6,736
22 %
Feb
28% Aug
—1
Ltd
35c
•
Oil
•
5
•
Packers
common-
Columbia Power class A.
B
Nov
15
British
'
Apr
4.75
Jan
British
40c
1.90
Jan
90c
Dec
30c
High
Jan
3.60
2,000
Mar
3,500
74c
16,200
21c
Columbia
;
14
Boycon Pershing Gold Mines.
American
Low
'
V:
Nov
Mines,
Range since January 1
;
High
'
1.35
95c
46c
Dec
182
15c
40c
:i i-
123
1.12
6%C Feb
.45c
Feb
13%
Brazilian Traction Light & Pwr
com
Brewers & Distillers
14,400
Nov
XyfX
1.28
Bralorne
33c
80%
Dec
:,f
13%
Oct
30c
$9,300
49
182%
Nov
30c
■'X
1.1'
■
Dec
Dec
1
62c
July
32%
Dec
v
1
Bonville Gold Mines
J.75 Dec
63
21
48
.100
Bobjo Mines Ltd.
Bonetal Gold Mines
10c
Feb??
•
•
Jan
30
Gold
Jun
10 %
36,500
12c
KIrkland
27c
47c
78c
i
Dec
41c
27%
35
May
Gold
Dec
99
}
25
66c
Nov
1.90
788
,.J
May
9%
Dec
Jan.:'.'".''
260
3.21
1.52
Yellowknife
11%
Bldgood
570
98
Jan?
Jan
38
B
32c
Nov
Sep
Dec
Nov
•1.60
Jan
1.30
18%
25
,29%
10%
250
19
Radium
Sep
lfic
9%
8c
Bell Telephone of Canada
Belleteire Quebec Mines
Berens River Mines*
Jan
7.60
Dec
Nov
73
32
20c
Exploration
Dec
73c
16
'
123
Dec
22
/
11%
47
122
Oct
Nov
•
47
123
6
20%
Jan
200
XJ
Dec
453/j
17% Jan■?'■■■
18
63
i 71/2
Jan
17%
21
Oct
95
100%
9%
52
98
62%
Nov
Jan
32
21%
33 %
Beatty Bros class A
50c
Feb
58c
9%
.
63
?
Feb
11%
165
21
,
Dec
•'
Jan,..J,
8
?
18
18 %C
.10
Base Metals
Dec
Dec
14%
99%
2y8
60c
Aug
38c
.
97c
1
98
i.
-1
i——
Beattle Gold Mines Ltd
85c
•
25%
4.77 Dec
Jan
90c
1
24
25
—1
—
20c
44c
1
24
1.32
Dec
7%c July
8,500
"
24
.10
Bear
65c
"
17
Sale Price
...
Scotia—
Nov
20c
"
17
26%
Feb
„
Dec
23
;
•
3% July
14
100
%
?
inc—1&64
Consolidated Mines.
20c
17,500
1
Mines
.
*
—1
—
«-
Feb
27c
21c
100
100
1
Toronto.
35
95,500
'
20'/4
15
15
Montreal
„
Feb1
25
20%
Oct
Dec
114
Apr
Jan
39 "a
425
4%
20
__
xonv
16
14%
1%
50
44
4%
Oct
"
of
23
1.15
7%
20
1
of
50c
22c
43%
50
110
17
.5
Mines
Bank
1
Astoria Quebec Mines
Bagamac
Bankfield
1
Mining
:...
Bank
130
99
1
High
r
Dec
1.90
Arjon
25-yr
Mines
Dec
107
9%
Warrants
>
Geld
Dec
129
__
•
Aunor
7
177,263
10%c 11 %c
"~
V
110
34%
21%
V
MARKETS
96
500
«
26%
23
7%
Oct
ENDING DECEMBER 28
180
106%
65c
100
St Louis Pub Serv
Jan
42c
25c
1
Mines
10c
26%
Y
Mar
19%
11 %c".
1
•
2% Mar
170
-
i
25
20
1
common
44
1.10
•
Argus Corp, Ltd common
4%% conv preference
19c
113% 114
®
BONDS
LISTED
FOR WEEK
Range Since January 1
2,300
2.00
8c
-
130
•
Wagner Electric
140
106%
—100
Anglo Canadian Oil
Anglo Huronian
Ansley Gold Mines
Aquarius Porcupine Gold
-
'10c-
19c
22%
•
pfd
i
common...
290
-
Jan
>
20
■
Jun'
13%
"
5
com.:
Mar
July:
22%
100
ch A
10
8
100
175
commoiu.i.'i..........^*
180
-
8%
22%
«(
Scruggs (V B). Inc common.....:
Dec
100
*
pfd._._:
43
34
4q4
25
Dec
Mar
21%
43 «/2
com
8
14%
•
34
1
Prod
Jan
30
19
15
Serv
Inv
48
8%
High
Jan
4
*
21%
_»
common...
3^790
«
20%
2.00
50c
•
common
7%
7%
21%
26'%
100
100 V
125
34
Par
11695
-
47
5
Bathurst Power class A
2.00 '
8c
——
common
Ltd
of
•
7
48
_i
common
Aumaque Gold Mines
LOW
180
Y
Low
13%
7%;:
Last
Shares
96
173
7%
Range Slnee Jsnnary 1
-
Hiah
13%
Friday
High,
104
19c-*
—*
Mines
Algoma Steel
1
Consolidated—
Car
Pub
'
of Prices
'
..V
113V4
common..
Steel
Low
11% Dec
610
Y' •' v.;;.
•
100
Sales
20V*
"
Louis
Louis
Securities
4%
Sale*
Shares
1
|
Shoe common
i
Steel
Dec
for Week
Oil————..———:lOc
—
'..
593
for Week-
.5
...
Portland Cement com_.^«.
Scullin
15%
Range
88
-
2OV2
100
—
7600,
Exchange
of Prices
10
common
STOCKS—
g%
95
178
common
—
Gas
Alberta-Pacific
Aidermac
Sugar
—
&
67/8
100
.100
—
Acadia-Atlantic
—.1
common
Monarch
St
200
Week's
Low
*
common
CEntral
Bell Teletype SL
Range
3
Exchange
/
Par
Paper
Phone
common—*
Funds
r;
Last
STOCKS—
;
St., St. Louis 2, Missouri
Week's
-
.
common
pfd
Brewing
St
High
Jan
246
;•
Par
fS & D) common
Hydraulic Pressed Brick common
Mo
Low
39%
24
*
5
'"X'jX.
&
Co.
&
?"VY"'**YY. '
Sale Price
Huttlg
Laclede
'Y- >•
•
-
High
38%
—
common
Brewing
Power
'
YY
'
Shares
Low
38%
*
&
1871
Exchange
Co
Bottling
Brewing
Laclede-Christy Clay
RANGE
For
11
Jan:
18%
37(4
v
—
BIdg.
Nov
25
CANADIAN
Athona
Feb
5c
•
Last
Inv
Burkhart
for Week
of Prices
Steel—
common.—
Gas
Stock
$::jy STOCKS—
Y': Y':i; YY Y?' '' ;?Y ■•' ''YY.
Columbia
5%
50%
Oct
Sale Price
Co
(A M)
Columbia
Ashley Gold
9"
70c
21%
Friday
Nov
4% Nov
1
Jan
22%
—1—10
Nov
73
Jan
4%
Par
Arntfield
100
67,272
60c,
v,
XX'-
w'i,-.
yy
Bank
4%
—
Last
Area
Dec
21%
Dec
6% Aug
191
Friday
Allegheny
York
Dec
20%
44%
Jap
•
common
Inc
33
Jan
36%
185
70%
\
STOCKS—
•
Dec
12%
SI. Louis Stock
29 % Mar
43
52%
v
-
2
9
Oct
Pittsburgh Stock Exchange
Alger
42%
Jan
•
Jun
120
Knapp
Oil
Dec
6%
11
Dec
121%
'
Johnson (S S
Ajax
39%
85
11%
\
Dec
..
Nov
28'/»
Key Co
Acme
337
Louis Stock Exchange
Chicago Stock Exch.
Chicago Board of Trade
New York Curb
Exchange Associate
Johansen
7%
Dec
Nov
42%
11
„—1
:300 North
International Shoe
6%
%
5%
Nov
28%
1
_
United Gas Improvement
hbitibl
2
Jan
i!' <■
Edward D. Jones
New
Nov
27%
50
Mining
Westmoreland
32%
27%
50
preferred
Byers
Dec
2%
11%
"
60c
•
Nov
42%
3
common—!
Corp
3,072
8%
27%
—*
—
Tonopah
431%
5%
*
Oil
United
1,515
Jan
28
25
common
Paper
8%
42%
—100
1
Oil
8
•
preferred
Dome
*
•
pfd
Insulated Wire
Corp
Reading Co
$3
50
common
Phllco
Sun
2
2%
236
40
1
common—.,
Dec
165
5'/4
'r
:
'
'
42%
common
Power
Philadelphia
8%
60
preferred
Elec
Scott
43c
2%
St.
Manufacturing..
preference
Salt
42%
Springs....*.*..——.14;
Nov
Power
Philadelphia Electric Co
2nd
Nov
Jun
Pennroad Corp
Pennsylvania RR—
Phila
X
11%
Members
4.4%
Jun
7%
St. Louis Listed and Unlisted
Securities
_
$1
12%
Jan
24% Nov
51%
-
Penna
898
Dec
Feb
1%
Dec
76%
National
•
l'Y? 2
11%
9%
' 559
4,300 "
Feb
Dec
25%
Motors.
Lehigh Coal 8c Navigation
Lehigh Valley RR
1
>
7%
Dec
6
Dec
135
135
35%
.
Brothers
General
Gimbel
11% '
Dec
16%
/
34
*
common—
:
.164*»
..
Dec
11%
5%
::iio
:—
Gas
•
%
12
2%
Vanadium Alloys Steel
'JLZl
Westinghouse Air Brake
*
Westinghouse Electric Corp com.—12%
High', J
*
5
Co
&
United States Glass
Range Since January 1
*
Chrysler Corp
Pub
Shares
High
26%
189%
13
c
Mtg Co common
Budd Wheel Co
Curtis
Low
27%
.100:
Baldwin Locomotive Works ft
Budd
Range
V-
Oil
2,250
45
-
High
7% May
5% Apr
10% Jan
.
"
9%' f
11%
:
7
;
11
Mining..
Shamrock
for Week
of Prices.
Sale Price
Par-
San Toy
*50
16%
11
/
2'X
5
Bros*——
Standard Steel
Sales
-
7%
Oil & Gas.——
Reymer &
Philadelphia Stock Exchange
9% «'
11%
,•
.—
Low
Y.
"
11%
; 11%
Supply:
Fireproof! ag Corp..
Range Slnee January 1
HistJ*
16
Dec
Ohio
Week's
9%-.-'
MfgrY
Fuel
Shares
11%
10
Penn Federal Corp common...
Pittsburgh Brewing common
Pittsburgh Plate Glass new
Pittsburgh Screw 8c Bolt Corp
Friday
1 > :%•
—,
—
for Week
Low
.ao;/> 'Y sr.':
-
Gas
McKinney
52%
a50
Sep \
Sales
Range
of Prices
'"
Sale Price
High
Jan
591b
STOCKS—
155
52%
Westinghouse Elec & Mfg Co——12%
Woolworth Company (P W>
10
Low
<
4%
813.4
a31%
Range since January 1
Week's
Last
.
Shares
a35% a35%
•
Friday
for Week
Range
Sale Price
Par
Sales
~
—
British Dominion Oil—
•
•
•
•
17%
27
-
Sep
Nov
26%
27%
12%
121/4
12%
160
8%
Feb
14
Nov
28%
26%
29
1,936
23 %
Aug
29
Dec
38
37%
38
95
25
Apr
38
Dec
20%
Sep
30
-Dec
29
29
4%
4%
40c
37c
30
5
42c
635
2,125
63,200
2%
33c
Sep
Sep
5
73 %c
Nov
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4451
[Volume 162
CANADIAN
LISTED MARKETS
RANGE FOR. WEEK
Week'*
Last
Range
for Week
Sale Price
STOCKS—
of Prices
Shares
«
Par
'
>
•
ENDING DECEMBER 28
Sales
Friday
,
3225
Low
Week's
Friday
Sales
Last
Hiah
Low
Range
for Week
Sale Price
STOCKS-.
Range Since January 1
of Prices
Shares*
Par
High
Low
Range Since January 1
High
Low
High
v
'
Broulan
67c
Porcupine Mines, Ltd
Buffalo Ankerite Gold Mines—
Red
Buffalo
Burlington
A
23%
e'/aC
"
i*
—
-r, «*
3,000
18%
'"85
:
6¥aC
Jan
5.00
6.70
Jun
Canada
Bread
78c
26,000
5.20
4.85
5.30
5,300
15 ¥2
15%
15 ¥2
50
10 ¥4
105
105
105
90
97
May
20
20
20
>' 445
15
Mar
—
Class C warrants
Apr
13 ¥a
common—*
!
Giant Tellowknlfe Gold Mines-
Aug
10c
Power
5 (U
preferred _———u*--;
General Steel Wares common—
8.20
95V2C Nov
.
9,25 Feb
,
15 ¥a
Apr
Nov
105% Dec
21%
Oct
8.50
2,761
6.50 Mar
11¥«
Jan
3.00
354
2,00 July
3;00
Dec
450
lOVa
Jan
Dec
Gillies Lake-Porcupine Gold——,
18c
180
20c
6,800
30
17%
Jan
24
Feb
Glenora
———*
14C
13C
15C
9,500
l.!50
10
Oct
'15 ¥2
Jan
God's Lake Mines Ltd
58¥ac
54c
60c
2.10
? 11,300
35c
26c
35c
64,000
70c
65c
70c
20,900
«
13%
2.05
40c
42c
2.50
2.70
102
102
.
2.70
Cement common
July
4.40 Sep
8.15
22
2.08
ZZ—i
52c
3.00
—
13%
13%
•
40c
Canada
72o
22
—
Lake——
Red
Exploration
Gatlneau
Dec
'24
><
78c
—1
Dec
May
60c
Jan
Gold
1314
13>/4
1314
ft*/#
Calmont Oils
Campbell
Frobish er
65c
/
Calgary & Edmonton
Francoeur
Sep
2.45
3¥40 Jan
3,000
Feb
78c
8%c Jan
40c
Nov
16,600
23%
5c
■
34,150
Sep
95c
44,300
:—,<—*-
B <,■—*—**'—■—
59c
4,700
41c
50c
42c
23%
**—*———*
class
6.70
37c
.
48c':-'>":
Steel—————.
Co
&r
Class
6.10
'40C
Bunker Hill;—************—*Burns
1.50
:■•>
Lake''Mines-
Bullditigr Products!
>1.42
6.45
Gold Mines—
Buffalo Canadian
70C
1.45
—11
Gold Mines**———M.¬
Buffadlson
60c
preferred—'*—.—*100
•
1.70
2.35
1.70
16,500
Goldale Mine
Nov
Goldcrest
2.70
Sep
—
>
*———
;
Jan
28c
3 ¥40 Apr
24c
Apr
Jan
85c
Mar
19c
Sep
35c
May
26c
Sep
9c
22,000
27c
Mar
1,20 Oct
Dec
'
102
Dec
101
35
Nov
52c
Jan
20¥2C Aug
2,700
v
?
r.
Gold
14%
class
Packers
B
Class
•»»
56
rr **•
Canada
Permanent
—
.100
common-
Gold
Dec
Eagle Mines—*-,
10%c
10c 10%C
7,490
■/
4c
Jan
Mar
14c
85
65c
Jun
95c
Oct
77c
43,400
26c
July
90c
Nov
37c
30c
38c
35,250
9c
Jan
42c
Dec
2.00
2.00
2.15
57
12%
Dec
Jun
36 ¥»
Apr
19
*
Canadian
Bank
Commerce
Breweries
"Himdian
Canadian
1st
158 ¥2
Goldora
Oct
Jan
39%
Jan
•
70
10
Nov
18 ¥2
22%
22%
25%
26%
22
22%
common——*•
———_——25
17%
Dec
Dec
86
Graham
24%
12
v
15%
15C
Apr
Jan
Halliwell
-i
-v. 7%c
59%
Dec
Hallnor
Oct
41 ¥2
27%
45 ¥2
37
19 ¥2 May
550
10
Sep
Sep
14% Nov
Harding
16 ¥4
Oct
20
Hard
>
Sep
-
12%
12%
*100
150
4150
21
23%
23%
Cariboo
2.83
Quartz-—_—i—1
——1
20 ¥4
Dec
Harricana Gold
16%
Dec
40
200
14
165
Jun
Hedley Mascot —
21
Jun
Heva Cadillac
560
1.80
*
Jan
1.00
Jan
5,325
...i——.---l
31c
-33c
8,500'
44c
50c
10,000
10
9%
10%
13
13 ¥4
1.06
98c
1.17
19c
21c
1
Dec
3
Hinde
Dec
1.99
Dec
45c
1.73
1.83
6.400
.**———•
1.15
1.20
34c
2.50
28 %c
30c
Nov
Homer
12 ¥20
Jan
49c
"Nov
Homestead
41c;
Dec
65c
4
Mar
8
25c
Mar
-1.50
Jun
12,800
40c
—1
—*'——
Ohesterviile Larder Lake Gold Mines—1
Mines
Chromium
Citralam
—
.
24c
26c
Cochenour Willans
Gold
Mines—
17%
17%
Co——m.^..
Cocksnutb Blow
*
74 %c
-1-
Coin-Lake
5,40
1.00
25c
46,920
77c
•-1,
•{*
'
■
60c
65c
2.29
2.65
J
1.24
i
i
,
Dec
-■
Oil
53c
64c
Jan
.
22%
22%
22%
8
950
2.55
2.60
22.00
.
-200
1.90
t 9,700
15
Consolidated Bakeries
23c
"
•-"2
-16%
15%
16 ¥4
4.00
4.20
&
30c
30c
32c
8VaC
9%c
67c
;■■>
Apr
Apr
18
Jan
10%
Jan
3.05
'25,300
45C
22,100
38 ¥2
590
Gas—.
64c
62c
45c
40c
38
38
Mining & Smelting—___•
*
—*
22c
1
class-A—
-
"
25c
22c
35 ¥1
-.35%.;
B ——
35
■—
Jan
28c
96c
Oct
Dec
2.65
NOV
Dec
23
16% Nov
,
4.65
51c
3%o Jan.,
Nov
8
17%c May
1.09
27%o Apr
34c
Jan
30
Jan
2.80
Dec
2.09
540
Oct
41
Dec
18
18
b5
**—*—--*—*,—*—•
25¥2
15%
30
15%
6,995
Imperial Tobacco" of Canada ordinary.5
13%
13%
14
367
69c
Dec
30,'700
Oct
380
' Dec *
41
; 20
May
19%,Apc.
15 ¥a Jan
15
Dec
.18
*
'
———10
—
16 »/2
-
80
80
720
49
Jan
83%
¥2
Feb
25%
13%
Jan
16% .Jun
12
Aug
14
62c
Nov
1.05 Nov
18
Dec
155156%
93
142
.-Aug
156%
1.20
1.15
1.25
28
28
28
55
62c
56c
62c
3,921
1.65
—100
102%
preferred
9¥«
35
1.18
-
1.18
1.25
7,500
30%
650
^ 8%
30 ¥a
: "*4% %
:
30%
8%
——'—*—6..
Inspiration Min & DeveL,—^***.***1
International Metals -class A—r-*—,—•
Dec
62c
Nov
.
102
102%
100
v
Feb
Aug
,
1.40
ADr
32%
:Jan
22%
•w
10
Jan
8
7lc
NOV
Sep
,103
Deo
Jan
-43
NOV
Dec
156
( John)
Inglis
*
Nov
<fc Smelting—.5
65c
Indian Lake Gold; Mines__—I
Jun
May
—.———•
CosmoSImperial Mills.-—
-4" ■; Cournor
rMining_;^_-w:.i^.w^i.i2>^ 1
23
52c
28
Dec
15,050
1.35
Oct
43%
43%
10
38%
Feb
87c
86c
88c
4,200
60c
Jun
1.75
1.75
1,500
60c
Apr
29%
29%
29%
13%
13%
100
Crowsbore- Patricia Gold-.———_d—1
.Cub' -Aircraft——————*.——-*■—*
Davis Leather class
Class
B
——
•Delnite Mines
—
1.95
^2.
**•**■*•* 1-
Denison Nickel Mines-—
>
6c
■
1.80
28 ¥*
Gold
Jack Waite
1.92 Mar
44%
Dec
1.14
;
"300
July
Dec
2.07
33,000
1.15
Jan
2.07
7c
5,0Q0
3 ¥2 c
Feb
13c
1.85
'X 86
> 94
80,100
2,745
.
6C ;
;
,
Red
Distillers
Seagrams
Diversified
Dominion
1.85
.
i-'C'
common
93.
Bank
Dominion Coal
Dominion
i.^—common—2
Fabrics
IZ**io^>:
-*-25
75c
80c
29
28 ¥4
.
24¥4
'
•
■
13%
**
14
Dominion Foundries' & -Steel com—.
31%
>18
45
14
31%
32
Nov
25% July
270
13%
Dec
Feb
70c
975
1.30
42%
.
29,100
•
29 ¥4
.24%
.
preferred
•"
24%
—
■———
•
77c
Mining ——i—
Mines. Xtd—
Dome
iiZ'jZi >;>
Mines
11
.450
25
.
22%
Scottish
Inv
com———.
4%
44
/Preferred'—2——- -50
Dominion Steel class BTar
&
22%
Dec
250
95c
Nov
> 24%
....
14%
14
14%
21
22 ¥2
Co
Kirkland Hudson
Jun i
Dec
Dec
25%
25
26
13
13%
13%
Chemical
common—*
Dominion Woollens common———•
435
-
.
525
Jan
13 >' Jan
7 ¥2
•
«...——1.
Mining Co——
Gold Mines—^
1.50
Duvay
.2
1
1.55
1.45
1.58
41c
Duquesne
1.35
1.58
-r-^—
41c
43c
V
20,292
22c
Jan
21,130
\
40c
Dec
Shore
Luz
East' Amphi
122,
—
39c
11c
Oil——2—East Malartic Mines,
11c
2.75
2.55
3.55
3.80
.,
500
.
14,500
'
36c
8c
8,000
2.80
3.70
1
—
Sullivan Mines—2—
East
i 39c
9¥»c
,
2.26
38c
13,900
"
Steel—
Eastern
50
i
Dec
Dec
2.40 Apr
65c
Nov
39c
Dec
'
11
Lapa Cadillac
Lapaska Mines
Lebel
Apr
3.05 May
6.75 May
Jan
Leitch
Gold
Eldona
■
Gold Mines—>
Loblaw
51 ¥2
Dec
Louvicourt
11 ¥2
Apr
15%
Dec
Lynx
Jan
41
53c
Apr
Jan
1.39
"1.33
1.43
58,700
29 %
29%
20
9 ¥2
10
329
July
4 ¥2 July
5.95
2,910
4.30 Jan
Federal
Grain
Preferred
Federal
1,580
25,000'.
Apr
16c
1.72
49
335
;
•
5»/4
5
5%
725
'
——-—.100
90
88
90
145
Mining-,,——1
16 %c
16c
17c-
——
-—2-
49
-
Aircraft
Fleury-Bissell
Ford
Co
of
•
common
37,100
Canada
class A-
32 %
6
425
2
5%
*
—
2
100.
-.31
33
5%
see
page
1
59c
Jun
Jun
Nov
Apr
29 ¥a
Jun
17 ¥4
1,300
50c
14,150
45c
27,300
8.25
1.25
15c
24
25%
2,440
6.05
6.25
600
8.00
2.25 Aug
Dec
Mar
Jan
2.20
Jan
1.00
14c
49c
Sep
25 ¥4
Dec
21% Sep
20,110
19,500
3,700
:
2.35
8.25
12o
V
Dec
1.76
Jan
-1.05 Mar
Jun
24 ¥20 Apt
Jun
17 ¥2
Jan
25¥a
Dec
5.70
Jan
7.35
Jun
944
6.15
Jan
9.15 May
18 ¥2
100
15 ¥4
Jan
20%
Oct
17c
11,700
9c
Jan
22c
Apr
49c
75,000
25c
Nov
19%
595
8.00
8.00
18 ¥2
10,000
17,000
9,500
*****—--
Jun
55c
15 ¥s
Aug
20
Oct
3c
Jan
10c
Apr
1.15
Jan
16c
Sep
43c
Sep
.
1.55 Nov
48c
1.44
Jun
1.86 Nov
2.95
43,200
20,250
28
27¥a
28
265
26 ¥4 Mar
30
Nov:
26%
26%
27%
175
25
28 ¥a
Nov
1.36
1.32
1.45
12.400
30c
Nov
80c
Jun
34c
30c
34c
2,500
89c
Jan
2.09 Mar
4.55
5.25
1.35
2.90
class A„*
————
*—_—*. —1
Goldfields
Yellowknife
Nov
1
MacDonald
Gold—
35
July
3
Jun
65
Apr
5¥tc Jan
1,890
3 ¥4 May
1.00 May
24%
Jan
•
1.35
2.80
1.22
Jan
Mar
3.00
Dec
Nov
Sep
Madsen
10,400
3.85
Jan
4.30
38,250
3.15
Dec
4.30
3.75
28,825
2.25
Jan
4.10
Dec
5.00
68,451
2.17
Jan
5.00
Dee
———-i
MacLeod-Cockshutt Gold
Dec
4.75
3.80
4.75
.-1'
:——***_,
10
,
■
Mines—
3.10
3.70
3.40
1
4.70
4.25
Dec
Dec
6.50
57
Nov
Get
6¥b Nov
91
Nov
19 ¥2 c
Red
Lake
Gold
Maiartle
Gold
Leaf
Maple Leaf
90c
3.25
Jan
4.15 May
31,000
2c
Jan
88,820
73c
3.40
3.50
5c
4%c
5c
11%
Ul%
113A
833
10
Feb
12 ¥4 July
14%
14 ¥4
14 V2
1,155
12
Jan
16%
Jan
15 ¥20
Gardens
*
pfd.
Milling Co
10
common——*,
9c
Apr.
Feo
Dec
Gold'—
Marlon
Rouyn
33%
Dec
Martin-McNeely Mines———.*——-—
—
10c
IOC
10c
500
1.08
.•——,——1
:—--1;
Marcus
Dec
t
Dec
Dec
25.650
88c
3.50
2.00
3229.
82c '« 90c
Gold———1
Fields—_*——*——1
Manitoba & Eastern
Maple
Mines—
6¥» July
#
footnotes
For
Dec
11%
1.85
"
Minegl Ltd—
Maralgo Gold
Fleet
•
19 ¥2
29 ¥2
.
,23-
49 ¥2
common-
Kirkland
5.80
Deo
28c
1.40
Dec
1.30
5.95
Apr
Jun
40c
Groceterias
35 ¥2
40
1.40
.
July
12¥acMfty
18
2.12
38c
14c
Magnet Consolidated
Falconbridge Nickel -—2-————-•
Fanny Fanner Candy Shops^
1
18c'
,
55c
200
2.08
18 ¥2
—1
Lingman Lake Gold Mines—
Little Long; Lac Gold Mines, Ltd.**.
100
50
14%
29%
.-—-—J
English Electric class A--—2-—^—-*
; Class B ■
———2—_* '■
60c;
-Jan
3c,
3,485
.
1.15
—
Gold
500
49
1.35
———————L—l
16%
Mines
Oro
Macassa
Gold
29 ¥a
16
6.80
6.25
■
Elder
Apt
Dec
> 21c
Mar
40
',
"
2.50 Mar
Sep
14 ¥a
14%
u-—-*
_2___—_25
—
.
915
25%;
—
Class "B**
Easy Washing Machine—
Economic Investors
12,500
1.18
Mines, Ltd
Mines
Lexinden
East ;Crest
-28c 32%c
8.10
—
Lamaque Gold Mines-***
Lang & Sons————
Dec
14
Jan
13c
Nov
26
Jan
98c
45,600
-
Nov
44c
,
Jan
28c
'375,410
25 ¥4
Laura oecurd Candy—
Donalda Mines
i.40
24%
Mines
La
15 ¥4
>;
59% C Oct
-Jan
5y40 Jan
1.614
1.70
>
44 %c
& Exploration*.
Gold
Nov
24
,
:
Dec
5
Apr
Jan
3c
3,170
14c
Lake Dufault Mines Ltd
Mar
10c
-24% Mar.
3^5 Aug
1.80 Dec
Jan
SepT
20c
.
11,481
f;
24%
14
Lake
2,11
—1
——
32%
Fortune
1.80
—i
*.
Apr
7
16¥a >
—1
Townsite
Apr
14
:
12c
29
***.-*
Lake
■.
335
" 50c
r
5,000
81c
30 c
—i'
Kerr-Addison Gold Mines——*—.
Kirkland
>>.24% Nov
6,370
22%
12,000
7%c ■> 8c
1-25
.
———.———
Labatt (John)
Labrador Mining
16 ¥2
46
16,300
36c
6%c
■'
Jun
1.15
'
Kay rand Mining
Kirkland
Apr
10
25
;
,—**—_*—.
Dec
Feb
35 ¥4
>
8C
.—1
Quebec
Nov
2 ¥»
'
42c
,r34c
46c
"
12c
Dec
Mar
-14%
150
.
2-———•
Dominion, Stores
Dominion
>
5
44
2-1
22
4%
DominionMalting———
48 c
A
Mines———-*-1
——.
MiConsolidated Gold
Lake
Dominion
20% Nov
90o
Dec
31%
;
Feb.:
11% May
100
,
—
.
1.85
94
1,500
-11c
6c
•
'
39,550
1.70
6c
36c
1
—I
———
Mines
Kelvinator
Lake
Dickenson
-**1
Mines
Joliet
1.66
':
6,495
1.69
*
Jason
J
14
;
22%
36 c
40c
*
Oct
2.10 Jun
11% Aug
Mines—-.
—
Jacola .Mines-*—*—-*-*-————
31 ¥a
Sep
22
1.45
,
1.60
31%
1,702
Sep
Jellicoe
130
22 ¥«
.50c
41%
1.70
•'
.
—*.
Mining-.—. III
Mountain Mines*—
Island
Oct
>- 75c
=
Petroleum——
Internation l Uranium
1.60 Mar
-Jan
Jacknife
1.50
1.60
—2—1
Crolnor -Pershing Mines
Crow's^ Nest Pass Coal— **
..
1.00 Jun
6,844
•
40 ¥4
40%
International Nickel Co common—,
International
-Conwest Exploration
;
s
Apr
'
Jan
20c
75
■
25%
Erie 20jv>>paid—*„
Imperial Bank
Imperial Oil
Dec
consolidated
79
■.
Nov
Dec
consumers Gas (Toronto)———100
Mining
»
Dec
70c
„
Mar
25c
9,400
36
35 V\
15%
'Huron &
-1.47 Nov
•
6 ¥2 Mar
14
Dec
i26c
Dec
20c
25,500
-1
-'*>
Dec
t
*
'
Apr
77c
6,700
9c
——
1
-Nov
•';
,
Nov
2.50
J
Jan
1.33
.
23c
65c
43 %c. Jan
5,780
11,025
*.
Hunts- Ltd
5.95 Sep
84c
1.45 Jan
75
Jan
Mar
22c
120
16
4.05
-*
Hugh Malartic Mines—
Jun
•Apr
18%
-
99c- -Nov-
100
-
5 ¥20
72,858
...
Hudson Bay
Feb
1.50
75c
12% May
Jan
20.800
28c
7%
2.00
Mines.
Coniaurum
1.30
28c
8
Conduits, National •*>*—
-—*1——*1
VConiaigas' Mines—..1—_———_——5
S :J
1.21
28c.
Dec
*
54%c Jan
8,400
94,900
56c
• '■
*
■
,
Colbmac ..Yellowkhif 6*
Dec
Dec
1.17
.
ll
13 ¥2
Feb
Apr
Apr
20o
9,300
2.50
—
Howey Gold Mines—*
.
Commoil -Ltd—
5.25 Nov
Mar
242
43c
11,000
Aor
Jan
Nov
Nov'
60c
Sep
2.94
43
18
73c
'
15c
6 ¥4
10,000
——-
Yellowknife
Class
5.00
Jan
6¥a
68,992
v
61c
——:
—
Oil—
3.05
1,600
Malartic Mines—.———1
Research
Dec
Apr
68c
31,300
32c
2.05
25c
Dauch——
&
.
Jah
14,000
Chemical
15 ¥3
24c
'
935
34c
Holllnger Consolidated Gold Mines*—S
1.89
150
40c
Jan
3c
61,815 "
21c
Dec
Apr
Apr
3.10
1,325
>
2.35
-
Hosco Gold Mines-*,
'
7
Dec
5¥b
54c
23% Dec
Jan
6.600
Mines-—-———
Gold
Centremaque
40 ¥4
8%
200
Heath Gold Mines
Oct
3.00
2.90
Chateau Gai Wines——r——_*—
Dec
Dec
5c
12,700
5.00
Headway Red Lake Gold—
Dec
16
2.76
7%c
5.00
;
—
Jan
11%
——1
6¥3c
-
Mines—.
1.35 Jan
Home
Central Porcupine.Mines
42
15"%
26% May
5¥4 Nov
22 ¥40 Jan
.
Dec
Apr
Apr
Oct
Jan1
150
10
14 ¥b
5.00
.1
—
Hasaga Mines —
1,94
1.75
Trethewey<
Mines.
;
Apr
Mar
10%
13,134
—
-———*—
Mines——
Feb
16
'5'
20%
.
■
15 ¥B
—.
>> 13
Bridge
Gold
47c
'v 49 ¥2 C
—-
Carpet—
Rock
6%
70c
26,925
Canadian- Pacific By—•*——*25
Canadian Wallpaper class B——i*-,^*1?
Central Patricia Gold
Ltd*
Mines—
Ltd.
6%
190
Gold
Hamilton
590
330
v
39
Castle
32
Gold
Mines
12%
38%
-
NoV
15%
Dec
1.25
.*——*•**———
Mar
23c
Apr
4 ¥2
I"' 3,500
Mines
Harker Gold Mines
———*_**—*—***_•—*'
Mar
Jan
23c
; 3,065
14c
Dec
38%
Preferred
'
4
16,450
35
290
1.28
,
Sep
lie
435
50c
15c
•
Canadian Oils
5%
.1
Gold
19%
1.15,
5%
Halcrbw Swayze Mines—-*——
———*
,—
5%
140
Gypsum Lime & Alabastine
650
*
38
Oct
16.805
*.
40 ¥4
>
Dec
16%
—>
Jun
57
685
24
20%
Malartic
NOV
10c
17c
2,160
17%
15
Locomotive
41c
Jan
*
Sep
17
Canadian
■"
15%
40 ¥4
10
20
Canadian
14
:
42
38 ¥2
"»
15 ¥4
Preferred
12
>'
,
Dec
111
Apr
4¥aC
3,103
:
17% Feb
16%
—
>•
Nov
42
16c
15%
695
*
B
Common
24 ¥2
16c
13%
15%
common-,
255
V,
Canadian Industrial Alcohol com A—"
Class
Sep
Dec
19
•*.■*
19%
10
20 ¥4
vtc
Greening Wire new common--—**,
24%
•:
Jan
53 ¥4 Mar
160
Gunuar
23%
..
Dec
•3c
90
2,000
2,000
Oct
25
.■■<,
Lakes
Paper
Vtc preferred
Jan
;
;
Nov
200
.
15c
*
23%
59%
.
55%
14c
26%
41%
.
55
...' 15c
Granaoro Gold Mines-*
Bousquet
Apr
58
♦
55
2.25
Jan
28c
40 .v
23 % Aug
41%
*—:_*.—-——*.—•
—
19,100
106
110
•
Canadian Dredge ————;
—•
Food Products common-,-—*
__5o
Preferred
81¥2C
4,500
10c
105
410
——————100
common—
.*
32c
9c
105
:
17%
34%
17
34%
28c
9C
—1
common—*
Rubber
-
:
*
,
30C
9,275
,
15 ¥4
•
22
.—*——*—
,
—1
—
———
Jan
8
4.180
22%
26%
Canadian
A
22%
.20
& Fdry
Car
preferred
Class
22
—
Jan
14
2,805
•
1
Nov
48
Apr
5%
25
9
20%
22
common——
New preferred
Canadian
eel an ese
$1,75
g
19%
20
common.—**
————
preferred
Canadian
9
10
—
.
Mines
Goodflsh Mining
Goodyear. Tire &
Dec
182
Jan
11%
19
260
—:*
Canners
preferred
Conv
common-——•
Bakeries
Mining-
Golden Manitou Mines—l
Great
Canadian
'
'
350
V
Gate
" 93c
'
Sep
32¥2
18'.4
85
.6,600
70c
12%
47%
85
88c'
70C
"
535
-
18
>
i
93c
Golden Arrow Mines
1,040
„
>
180
Goldha wk
Nov
Jan
7¥2
47%
47%
class A————
36
Oct
135
Apr
48 ¥2
685
■
17%
178%
18% :■>"
—50
——————*.
Canada Wire
36
17%
•
215
12%
36
Mortgage-
Steamship
Preferred
11%
118
16
Feb
9 ¥4
725
">'-:;',v",;35.-
56
17%
— -
Canada
55
12
A—
ir *••••*— rr
■'»
15
131 131%"
Canada Malting—
,
Canada Northern Power——
Canada
14%
100
——-——:
Apr
lioiueu
Preferred
1.05
1.10
8c
.
12,400
77c
40c"
Gold—1
39C
41c
57,100-
27c
27c
25c
28c
11,000
24c
July
,
1.39
Apr
Sep
Sep
51C
Np*
Dec
28c
Dec.
"
THE COMMERCIAL & FINANCIAL CHRONICLE
3226
LISTED MARKETS
CANADIAN
Friday
Week'*
Range
Par
Massey-Harris
29 %
20
Preferred
14%
29%
•
22
Springer
Nov
30%
Mar
Sturgeon
Dec
Stadacona
/ 16
16
16%
105
105
ft
76
75%
76
290
—1
1.69
1.65
1.70
21,500
6%c
7c
McColl Frontenac Oil—7
Preferred
-100
<
Mclntyre Porcupine Mine*
8%
1,980
"7
16%
Jan
105
10
5%
Dec
preferred
109
Dec
Standard
Lake
Red
McLellan
;
Mines
1.85 May
Lake
McMarmac
Red
McWatters
Gold
:
—1
-
;
7c
38c
33c
24c
5,000
31,560
39c
26C
.1
Gold
Mines—
26c
Standard
&
;i~"
15c
-—•
Oil
9.75
Gas
Mining Corp
Monarch
ot; Canada
-
9.90
39
39%
70
50
9,685
>
Moneta
Moor e
Mosher
7'
.1
—
65c
82c
34,500
22%
22'A
22%
2,490
70% '.
Porcupine
Light Heat
Corp
81c
70%
71
135
32c
35c
14,200
.•
& Power-
common
.1
Long Lac——
33c
53c
7 99
Nov
100%
Feb
;'
1.15
100
160
40
6%
570'-:
Grocers
Preferred
National
17%
88c
1.07
39%
Nov
Sturgeon River Gold
65
70c v Nov
62,100
1.10
Jan
Sullivan
Feb
Cons
1
Contact—
150
34
80
195
4;«67
2.99
3.10
34,800
735c
36c
7,500
9%c
Inlet
-
Gold.
Apr
Surf
71
Dec
Consol
10c
Jan
39c
ioc
3.107
.7
Nov
(G)
.7.:
—•
common;
2,70
3.10
*3.45 7'3.25
.1
•y'i'a'-rye
7. Tamblyn
Nib
Mines
Yellbwknife
Nicholson
-1
24
1,615
17% Mar
1.60
10; 100
1.26 Jan
52c
60c
64c
65c
10,800
75c
1,700
30c
Nov
.65c
27c
32c
72,900
27c
14,200
;;3.75
64c
May
Nov
22
Dec
Feb
63%
Dec
3.95
63%
6,226
50
90c
1.00
3,600
80c
July
—1
Oil
38c
38c
42c
2,900
7c
Jan
46c
lie
lie
1,000
1.02
1.14
121,563
64c
Feb
24c
27c
51,900
22c
Dec
35c
2.10
.753%;'; 753%.
V
53%
100
/
n 144 ■7145
12%
12%
32c
*'**>-,i; x
'
r •
-
21c
17 %C
27c
75,800
12 %c
Jan
26c
1.18
7 1.16
1.20
7,000
1.05
Sep
7%
7%
3.90
3.65
4.00
50c
52c
O'Leary Malartic Mines.
34c
31 %c
34c
Omega Gold Mines—
24c
23c
Omnitrans
23c
20c
6%c Jan
,
'Northern
North
Mines
Canada
Star
""25'
;7!725 7
————————
preferred
Twin
Apr
1.14
Oil
Gold
com
Okalta
Mines
225
-
City Rapid Transit
5
Jan
Oils
United
Corp
Class
7
7
B
1.31
1.39
20,700
15%
1,900
38c
Apr
22c
Jan
27c
17,500
20c
Dec
68c
Apr
22e
26c
35,800
21C
Nov
30c
Orenada
15%
22
22
22
Oct
15
15
15
15
25
52c
54c
6,800
.
58c
Oct
■
,——
Gold
Mines
54c
1
A——
class
Oils
175
•
■
16% Mar
200
-A
6,'
Jan
50c
Dec
i
1.20
8c
5,500
7c
Sep
18c
63,300
20c
Dec
67 %c
50c
Mar
7%c
24c
1.05
1.05
1.15
6,080
*
29'A
29
29%
265
*
Hersey tnewy—
Pamour Porcupine Mines Ltd—
Pandora Cadillac
1———
2.27
2.20
2.28
23,130
4,973
bc
^6C
—
Parbec
Mines
Malartic
Partanen
Gold
Malartic
'"3Fe"Tr%C
Paymaster Cons Mines Ltd
/:
24
40%
41 '/2
Perron
Gold
31%
Oils'
Steel
Vicour
—
1
Engravers—
26c
29c
6
Picadilly
Porcupine
Pickle-Crow
Gold
Gold
9,000
18c 20 %c
48c'
Oct
64c
tv
10c
——•
—
17c
Oct
27c
)
3,000
5c
Feb
16c
72 c
83c
93,700
30c
Dee
88c
34c
38c
38,400
30c
Dec
59c
1.41
1.50
6,000
23
22%
23
;; 105
39c
-
-
Premier Gold Mining Co—
Metals
Prospectors
Dome
39c
3,266
Dec
53c
4,497
2.40
Jan
4.50
Mica
6.70
3,750
4.35
Jan
7.50
10c
10c
Purity Flour Mills
55c
V
Oils
:
8%
Dec
Sep
2.80
Dec
13%
14%
12 %c 13 %c
13c
23,500
Ltd
Mines,
68c
68C
-—
&
com
'
Robertson
Mills
(P
—
98c
Jan
81c
Jan
7,970
.110
1,455
22
500
20%
13%
15
985
7
Apr
»
15
2.51
y,'
-
1.42
1.55
26,100
1.20
2.50
2.54
Jan
f 2.72
16
16
'16
15
13%
Aug
18%
3.50
62,950
2.45
Jan
3.50
65c
58c
65c
20,500
20c
20c
:
21c
10
11%
11%
51 Vz
52
1.60
1.22
-.
1.80
10,500
11%
52
,
215
•>.V
30
81c
81c
86c
35,400
12,600
1.05
92c
1.06
23,450
•
18%
18%
197/8
22,703
37 %c
36c 37 %c
2,000
!r
Mar
70c
7,500
40c
Dec
28
950
18
Jan
29
106
95
99
Feb
pvl06
28c
67,400
80
17
10,151
6
-Apr
68%
Jan
30c
Dee
>.•
93%
37c
36c
5.20
5.20
'•//' 35c
32e
35c
3,600
33c
30c
"33c
35,200
—
15c
Feb
'/40c
13%
62c
Dec
86c'
Dec
80c
July
1.39
18
34
34
43%
17c,
:
,31c
1.80
35
B
Ltd
Siscoe
Sladen
Sla.ter
South
Gold
-
A
Marconi
Western
Dec
1.25
Nov
15
Jan
20%
Dec
Oct
10
,44%
44%
44%
100
9%
10
v966
50
35%
35
37
5.90
5.60
6.00
10,006
4.05
10 %C
14c
14,500
5%c
End
45
Nov
11%
Nov
40
28.% Feb
9%
v
-
150
2%
Jan
18 % May
Bruck
Silk
': Coast'
1.43
1.55
60,100
21%-
22
150
6.95 'Nov
Jan
18c
Jan
Jan
1.64
Feb
22
Oct
53c
Dec
66c
Oct
32%
Oct
43
Dec
.
Bang* Bine* Janaarrl
Share*
Low
High
32%
32%
~
57%
7
High
95
34
57
57
6:'/4
78
80
385
.20
>■
v
Dec
64
50% Jply
6'/8-
-
32%
Jan
20
57%
-
22%
800
Nov
63
May
Sep
6%
Dec
80-
Dec
9 % Mar
20
Nov
Jan
17
2.25 July
4,175
45%
Jan
r
19
20
430
16
•:
16.
-i—
30
1
Lumber.,
4%
4%
.5%
2,600
2
—
3.00
2.85
3.00
4,400
1.95
1.50
2.00
1,900
16%
15%.
17
15,523
40c
11
1.470
•
-
2
1.65
,
Nov
Jan
6%
Nov
Aug
3.10
Nov
5
•.
57c
1.75
—1
2.10
90c
2.25
869,465
38
38
10
29%
36
36
40*
16%
16%
16%
•
13 %
13
13%
13
162
6,800
■'>
2,230
85c
2.00
Dec
Mar
8
Jan
28c
Jan
295.
29
Feb
560
10
Apr
1-27
*17
Dalhousie
—i
i—,—.—*
V
42
•
r
39%
42
17
Bridge
•
Paper——-————*
Donnacona
Foothills Oil & Gas
36C
36c
Dec
17
17%
1.50;. 1.65 7
1.65
4,000
7.
40c
Feb
42
Dec'
18
Nov
Oct
r! 1.65
Dec
Feb
25%
Dec
Dec
•
1.06
63c
Jan
July
Nov
•
——
24%
25
300
15%
30
30
25
23%
Sep
30
22
22
10
19
Feb
23
Oct
48%
52%
2,785
22
Jan
52%
Dec
128% .128%
24%
.;
Dec
54c
1.65
1.75
-
Oct
2.25
Dec
Howard
Smith
common
*y.
^
Humberstone
Shoe
International
Paper common—.
100
—
> / Preferred
15;
—
Sep
38
29
Sep
37
711
12
July
9
May
14
Nov
Oil
13
190
9
May
14
Nov
Oslsko Lake
27
27%
220
15%
Feb
27%
Dec
Pend
23%
24
490
10%
Jan
24%
165
99
Apr
102%
Dec
1.12
101
Mar
128%
De<}
33%
15
26
July
33%
Dec
17%
18%
9,330
Dec
5c
;
r
10
33%
100
5c
500
NOV
102 102%
52%
16% May
35
Dec
Dec
Dec
MacLaren
Minnesota
Paper
«&
Selections
Ontario
1.12
64,086
64c
Mar
45c
50c
18,400
40c
Oct
64c
Feb
Southmount
26
26
26
75
23
Jan
26
Dec
7%c
2,000
260
3c
15
Jan
Jun
10c
29
Paper
5
18%
i
1
preferred.
Investment
& Shop—
Supertest Petroleum
1.68
1.60
1.82
64,500
1
Stop
19%
i.
——
Grain
93c
49c
19
r__l
Oreille
Reliance
1.03
7%c
>18
Nov
16%
54c
19%
3229.
Feb
Sale*
far Weak
80
Copper..^—
.1
page
65c May
.37c. Nov
Dec
9%
Nov
31c
1.75
Petroleum..
see
'
j ' of Frieea
6%
Consolidated Paper
.20
For footnotes
Nov
7 5.60 NOV
.
——Iw——*
—j—
Vinegars
.1
Co
32c
Jan
3%c Jan "7
-
$1,000 "
1
Hayes Steel
1.45
27
(N)
July,
48c
22% Mar
.100
Mines.
3.30
55
100
common
Canadian
18
new—
Mines.
Malartic
Southam
Co
Oct
85c
•
new
95
Nov
1,005
new
Preferred
__
-57%
Preferred
66c
1,130
•
common
■;
Bang*
Columbia Pulp & Paper com—*
British
66c
36
new
Funds
-
Low
.
—
Canada
24
Simpsons
Atlas Steels Ltd
Apr
—1
new
,,
v
Nov
_50c
Dairies
42
Week'*
-
Sale Price
—;—
July
1
Preferred
Corp
28C
22
trust
Silverwoods
Asbestos
35
14c
Mines.
15
/
Exchangs-Gurb Section
stocks—
47
92c
1
Gold
Dec
y. f *"k
Last
Jan
20%
common-
common
3,420
Apr
17
J.
Friday
Jan
19%'
_
—•
Brewery
5.35
Dec
»41c
y:
1
Canadian
Feb
20%
Gold
Fherritt-Gordon
^
Toronlo Stock
30
ll%c
92c
...
?
j- 7
Dominion
Shawkey
Sheep Creek
Voting
Sigma
1,500
22
_•
Antonio Gold Mines Ltd.
SiCks'
Jun !
20%
.10
Shawlnigan
120
11,100
42
f.
35
2,500
Co__
Senator Rouyn, Ltd
94
39c
•
15
—
Canadian
10
Nov
River
Dec
70c
Dec
Jan
San
Dec
197/e
Jan
25c
——
93
v
Jan
Feb
Oct
Feb
36 %c
Corp
14%
Par
Jan
10,400
preferred
25 %c
common
6%—
Dec
••!; 45c
36.50G
Sand
Knitting
Nov
52
6% May
Mar7
41
62c
A
—1
Jan
34c
Lawrence
!
Mines
Yankee Girl—
Sep
54c
Class
1.63
46c
i
.
Dec
36c
62c
St
22% July
1.77 Mar
27%
105
1
common.——
Mines—'
Gold
Dec
1.15
4,150
Rouyn Merger Gold Mines—
common..
Dec
Mar
./ 105
28
r
—100
Electric
Dec
2.90
14 %c
;
Apr
110
Jan
44c
7 5.10
Oct
69
Apr
1.05 May
1
3.50
43%
Industries
3.40 Aug
V
1.65 May
Dec
15
18% Mar
27c
Russell
7
Sep
4.40
1.49
2.00 May
50,800
34c
Oils
60c
Dec
1,700
43,800
1.63
class A_
Royal Bank
32c
ll%c Aug
4,300
iy.
1.75
L)
Royalite Oil
16% Mar
Oct
4.20
.*
45c
Bonds
Sep
30%
Roche Long Lac
Rochette Gold Mjnes
Roxana
•
21%
108%
.,..1
72c
V-
103%
4.40
•
•
_•
-
Worts
11
1,507
16%
Brown
Regcourt Gold Mines
July
Apr
26 %C
Yellorex
30 %
Mar
29
.1
Quemont Mining
Riverside Silk
25c
1.32
1
Queenston Gold Mines
14c
July
37A
1.80
•
Ymir
Apr
1.01
1.40
•
Manitou
V 8c
2,200
10,475
——
Preferred
70c
Dec
1.63
40
^
Quebec Gold
Quebec
55c
2,500
15,300
30 Yt
1
Preferred
:
Dec
Dec
{
f
ll
common
6 %
16,000
1
Nov
60c
36c
*
*
Mines
46 \'2 Mar
Oct
Dec
"
Purdy
24%
July
3%
Sep
4.40
1
Airways
16% May
8%
Malartic
York
52c
52 c
1
Mines
Dec
2.80
".14
Mines
Winora
Dec
_1
Pressed
30 V*
7%
.
Apr
55c
;
Corporation
East
1.75
23
1.56 '
....
Sep
Jan
Dec
2.60
Westons Ltd common.
4%% preferred ———.—„—.—100
;Uchi
River- Co
Preston
\
Feb
6.40
6.65
Rouyn Gold
Voting trust certificates
Power
Jan
18
38c
'
Powell
1.06
:
'
4.25
;
1
Powell
11%
; 70c
Oct
4.35
.1
v
Nov
2.75
Winnipeg
July
1
—
7 17%
May
1
Pioneer Gold Mines of B C
•
Feb
'8%
-—-
Nov
8V2c
1.
Porcupine Peninsular
Porcupine Reef Gold Mines
;
3.15
..,..1
Lake Gold Mines
Wasa
Apr
9,600
8c
Mines—
Mines
Dec
t
40
700
21%
Nov
Jarr—
21c
1.50
••
*
—
*'
.—•
Waite-Amulet
Oct
2.46
Jan
36e
1
Mines
Gold
Photo
Mines
Nov
•
May
27%
-"'270
5%
Wright Hargreaves Mines——
Pen-Ray
NoY
30
110%
May
8
;■ 140
23%
e,
Ventures, Ltd.
Apr
8c
..1
30»
v
Jan
.
Jun
81c
1
Dec
Apr
Jan
'■i. 36c
loo'
30%
24
"A"—.——-—-—50
Feb
Nov
1.19
20c
1
—
12%
4ac
1.40 July
26% Aug
26c
—1
Dec
11
22,432
Wiltsey-Coghlan Mines
Paramaque
Feb
Nov'
Oct
1.20 Sep
r
2,060
42c
40%
——..—
United
West
Page
VB"; 11%
40c
30%
—
Upper Canada Mines Ltd
17
Nov
15% Nov
Sep
9
'20c 24 %c
7%c
Pacific Oil & Refining—
Pacific Petroleum
*
11
7
42c7
Mar
40c
,7
Walker-Gooderham
Pacalta
Nov
Nov
15
common.
Preferred
Apr
54%
146 v
Mar
* 24c
10
•
7l% 7'
•
B—,——25
Vermilata
Orange' Crush
3.05
40V2
>
v 46
15%
1.31
;
common—p*
—..
Fuel class
Class
Dec
22
Steel
7
•
.'.Mining
■, Un ion
United
Ontaria
C;v
"
Nov
8
4.00
8,500
..
Exploration
Oct
'
July!
"I2li2l00
> 110% 110%
110%
>
Gas Co—
Union
1.63 Mar
2.26 Mar
67,087
:
5.70
B8c.: Jan
Feb/''
2001 A T7»*" Apr
17 4. Feb
25
7 25
25
25
,
———100
-—.——
Dec
United
O'Brien
:
•'
A
.
:
_—
-
Oct
Dec
25% May
'
12
2,800 f: ■:
*
5
: Jan
52
•
/
■
Apr
Mines
Ltd
:f:
Nov
23
Jan
28%
Apr;
3.70
Mar
'
90c
700
37c
4.05
69c
.
Sep
10
g IJ't 111
12%
-:
32c
•A
3.50
>50c
1,850:
.7/7
15
38
,
May
Apr
*
15;
t -'y.
vl.*99"
2.08
General? Trust—1.—..—100
Class B
.
May
Northland
i^,»
"
-
Jun
15c
Dec
11c
Corp
Mines
Dec
:' 37c
Dec
"16%
3,000 i
•
22%
37
Traders Finance class' A—
1.10
1
—
Mining
Jun
1.50 Jan
8,405*:
;
"
55c 7; 60c
; 22%
''
1.65 May
26 %c
Normetal
Norseman
f
?
————50
Preferred
.
Transcontinental Resources
Norgold Mines
Dec
3.35
V
^ 2.5(TJaa
V:?* 205
%
5.35
5.20
.
7
'■
'.
*
Toronto Iron Works class A——1*
Towagmac Exploration
—-——1
l
4.25
60%
'■
1
Elevators
Toronto'
;
30c
Jan
1.00
63 Vt-
f
Dec
1
Malartic Mines.
7.
Apr
Dec
Dec
2,635
—*
Gold ———1
Toronto
r
Feb
27c
2.35
80
Jan
48c
"8,052
'
>A-f
21c
/;
49%
Oct
4%c
22,200
7
'3:50
1, 21 %\
22
5.25
;
•
V-lToburn
1.85
Nov
24c
.1.07 Dec
Jan,'
;7 20cFeb
v
'.;>7 'K'
•
Tip Top Tailors—;—.—
.
24% Nov
v
33c
30c
3.85
Noranda Mines
Nordon
Nov
1.55
1
Thompson-Lund Mark Gold Ml aes
Jan
35
23%
25 %c
Mines
Nipissing Mines
Norbenite
;30,
Feb
60c
-
Teck-Hughes Gold Mines
Dec
July
65c
1
Bidlamaque
17%
Feb
12
28
22%
Oct
Sep
Apr
2.00
3,500 ; t
10,124
7^V-53c>.-j •'•52c' 7 53c
_50c
Sylvanite Gold Mine*
20c
'S\f;
1
Mines.—
24%
7736c
.1-1
——
Jan
25
Dec
7%
y
Dec
Feb
57
50
r
Dec
7%
19%
May
6% NOV"
48%
79%
7 3.05 7
Steep Rock. Iron Mines
20% Mar
400
-
Dec
"
Dec
24
1
-
Calumet
32
Feb
Nov
14
"
>47%''
7.77807'
14
■Sv":] 50
7 7,;
Apr
9.90
1.59
National Steel Car
New
29
A
Negus Mines
New
17%
'-29
32
JO
class
17%
29
common—
—
Sewer
1.84
1.00
.
'"
100 '
--'19
.
-1/.
•
'
-
"19
7>' 7
7;':
3%
"
National
High.
.
Dec
Dec
80c
*7 6%
•:
481 '2
v
Mar
7
1.99
\ Apr
1.00 ;• /
•
m
■
common-
Jan
20
65
33c
Olson Co—.,.
Co
Sudbury
Montreal
—1
Brothers
Steel
65
•
common———100
Knitting
Starratt
Stedman
Dec
7
Sep
Sep
13c
500
LOW
'
May
34,700
13%
19. '
y,y.
44c
■
4 ' 7,100
f
"7f
—
39c
9.50
*
Modern Containers common
Jan
92c
•13%
•
'6%
—
———-———
Radio
Jan
16c
'86c
'
'JV*.
16c
15c
4%
10
5,100
100
—
common
22%c Jan
14,000
.
V
Mid-Continental
1.35 Mar
13%
common
——
Paving
Preferred
McKenzie
1.29
90c :>
•
Sep
77
May
Jan
59%
Range Since January 1
High
"
—
Chemical
Standard
Share*
1.25
:.
1.27
—«
Mines
for Week
Low
Pur
High.
15%
8% Mar
2,540
1,555
Sales
Range
«f Prices
"•
Sale Price
STOCKS—
Range Since January 1
Low
15
28%
>
Last
High
Low
15
Week's
Friday
Share*
of Prices
,
i
•
common
28
fer Week
Sale Price
STOCKS—
DECEMBER
ENDING
Sale*
Last
WEEK
FOR
RANGE
Monday, December 31, 1945
2.75
2.60
2.85
900
100
104
104
104
50
26c
26c
2%
2%
32
32
19c
*
—
common.—
*
*
11% July
18%
3%c
Feb
9%c
Feb
24c
Feb
1.90
Dec
1.30
Jan
3.10
104
Nov
Dec
95
Sep
1,000
21o
Apr
2%
135
55c
Feb
3%
Sep
32
50
32
Dec
46%
Dec
22c
10,300
7%c
Jan
23c
Dec
30c
Oct
Aug
Nov
Temiskaming
Mining.
21c
'
Volume
3227
[THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4451
162
CANADIAN
RANGE
FOR
MARKETS
LISTED
WEEK ENDING
DECEMBER
28
Last
Montreal Stock Exchange
Canadian
Powell
Sales
Friday
Week'g,
Last
Range
for Week
of Prices
Shares
Sale Price *
8TOCKS-
•
Par
and
Range Since Jan nary 1
Low
High
Provincial
Works Ltd. 6 Va
Acme Glove
Agnew-Surpass Shoe
■.
•
A',
/" ' \
Algoma
Steel
Aluminum
V:
1
Canada
of
Anglb
Corp
106 % 106 7k
100
pfd
56;'
pfd_50
Co.
Preferred
Bathurst Power St,
Bell
A
.100
Brazilian Trac Light
1
& Power--—Pr Corp A
Columbia
British
Class
B
32
Paper class A.
Telephone
-
Bruck Silk Mills'
h
20
/
AA;
•Canada Steamship
5%
preferred
■•.
'
,
Dec
St
-Af
f.
1
47k
Jan
20
; 18%
Jan
i,'24
'17
Jan
11
505 A
.
*
9%
24;
?■: 45
350
125
15%
Jan
ia%
18%
47%
22
"i-
•
43-/'
43
V
43
17
17%
34%
35
——
132
12
'A
58%
60
48
Jan
8%
Foreign
;•'.
41-;.:
41
47
.
•
.V
:-/-V
•
B
Canadian
-
16
—
17
20
Dec
A
Dec
16
60
41
47 :
fJan
■
39
39
20%
22 7k
17%
>; ■7: 17%
17%
7974
.—25
*
Cockshutt Plow
A
80
Consolidated Mining <fc
Ills
Smelting
/
79%
:
•
Nov
91
93%
58%
Jan
95%
Dec
21
22%
2,260
16%
Feb
227k
Nov
30
30
22.
Mar
37
377k
187k
25
Jan
22%
175
Apr
30
Dec
37% Nov
'
31%
31%
102
108
-*~
14%
19%
1*4%
14:%
13%
Dec
31 Va
1117k Nov
102%
Dec
15
Jun
20
Nov
10'/a
90
Jan
14%
Dec
July
14
Dec
Sep
100
1,245
,19%
.
997k Mar
620
13%
13%
'
Jan
Dec
102
50
102% 102%
19%
167k
5
31Va
102
102
common
99
Dec
55
79
155
69
Jan
797k Nov
80
5
74
Apr
80 Va
100
,,
78%
•'
100
7874
80
100
109
common
8
25
7%
8%
L*~
87k
3%
3,005
Jun
preferred
87#
Apr
Dec
100
Mar
Mar
76
Dec
Mar
110
Dec
24
Dec
977k Mar
100
100
10
74
76
235
58
104% 110
—100
-
76
Cotton
•
.
—
Ltd
Preferred
459
70
2,386
21
Apr*
19%
Jan
22%
22%
A/A' ■ A'A/
"_~*v
24
22%
22%
600
Jan
6 %
Ltd
Oct
16 Va
Dec
16%
14%
167k
7,260
93'A
93
93 >/*
135
75
Jan
94
Nov
34%
35
30
A 23
Jan
36%
Nov
16%
-
!ioo
———
.
24
~m-*
—
-
110
„*
34%
common
.
-
Dec
./Banks
Nov
-
Dec
16
Dec
40
Royal
Dec
16% July
85
15
Jan
19%
100,
1,120
14
Jan
197k
2174
16 7k-
Apr
217k
Dec
Jan
20%
Dec
Jan
49 74
Feb
20'A
19%
20%
2,495
15V*
49%
10
:
—
2174
49%
49%
$1,000
49Va
Dec
Oct
22 Va
-IIII—II" 10
Montreal
16%
19%
217k
10
Canadienne
Commerce
11%
Feb
150
12%
Apr
18%
49
Jan
84
BONDS
Dec
890
;
Nov
1,130
1,065
1,455
--r-*';
*■"
1
Power
of Canada
Biscuit
Zellers
Mar
20
157k Mar
Dec
13,459
.'
Oct
117k
40
10
*
:
•
6%' Apr
67k Apr
8,609
".*■ 100
227k
Locomotive
Canadian Pacific Railway
2% May
Dec
1077k
36%
9%
;;
Dec
Jan
46
4,930
15
r;
Jan
105
Dec A
37%.. Oct
t."' './■
18
•
common,
30
34%
.
•
preferred
Co
Wilsils
,
Ind. Alcohol
*
91%
100
^Preferred
17%
33
'
Class
45
Apr
25
;
20
preferred^—100
Ltd'
Wabasso
35
Mar
100 /
47
Investment
17% Oct
Jan
,37
common—
Chemicals
Viau
•24% Nov
Jan
10
433
41
-
Feb
10%
com-
Preferred
Nov
A 28
& 60
•-
15%
25
105% 105%
Nov
38% May'
•
common
Canada
United Steel Corp
Dec
18%
•
35
Preferred
570
Dec
45
Jan
;
1—'__25
;
—
Canadian Celanese
Canadian
4,027
100
Preferred
Canadian
22%
177k
20
Dec
Dec
Sep
17
Apr
21%
Winnipeg Electric common
160
common
17
20
17
A
974
——
Canada
5*o
Oct
Jan
< 40 /
780
Bronze
of
Standard
Nov
7%
350
4.1 ivn
•
Breweries common
9 V*
Aug
liy2
v
1,710
Canadian Car & Foundry common-—•
Canadian
245
.100
preferred
Sons
&
Simpsons
May
Feb
; 43
110
.
1574
34%
Walker Gooderham & Worts com__
12
7 22
Paper
Southam Press Co—
Dec
Oct
119%
AA 10 '
132
45
11%
15%
Dec
V'.';
445
18%
587a
1574
Breweries' common
Preferred
Steel
390
Feb
30%
18% Mar
Sep /'
Jan
47%
A
Dec
May
131
47l7k
„
Dec
23
2
•-
2,772
32
.100
•
'
50
207k. Dec
"
30
21
117k
•
Slmon^H
Dec a
•; /f \
A 460
58 7k
I50
Williams
Jun
Feb
22 y8
1,315
r
54
Corporation common-
Lawrence
Sicks'
184
Feb
2,175
AA
157'a
Shawinigan Water & Power
•
Canadian
Lawrence
2 %
Jan
.
29%
20
Jan
58
•
preferred
Southern
♦
7
—_•
A preferred
,
Aug
•
32 y2
' Mar
•
14%
161
2,310
" 14% ', 15
'
20
1,298',.'
23% 123%
:20Vi /207k
'
45:
♦.
common—
St
Dec
Nov
'
-
common
common
Power
Dec
,*4.90 Dec
1,725 %
759
3,235
•
Knitting
99%
Dec
f„-4%
29
1^7.19. !,p
132
*
Power Corp
.
2,640
15%
1074. Jun
9%. Dec
99
975
•
VA
100
class B
56
-
35
27%
4%
23%
•
common
_1
107
1,490
20%
'2674
4%
15 /
Northern
Canada
.20'-:
20 %*
Cement
Preferred
Jan
54% July
20
AA
32'/a
32 v.;
•
29
-
_•
Canada Forgings
100 Va
20
.
A/183 A, 183% >
Dredging—————5
Gold
Canada
•'v.
20%'
21
•
•
Building Products class A
Bulolo
134
99
99
«/•?:.,.
183%
_•
—
Jan
,
A 2"AA: 2
; 2
■
•
.
Jan
■ :r
30%
13%
Dec
A 2274
14 y2
94 Va
9%
9%
V
-
__
,
A.
A—i!
56
Ltd
Power
Regent
Dec-
Sherwin
9-14 :
Corp
28
265
128
127.
128
common
Warrants
Asbestos
Jan
3,844
197k A 227k
22 %
Telephone
Canadian
Argus
20'',
1,850
"■
--•A
-
Co,
A
28
,
103
29%
15%
104
Jan
Co
Transport
Saguenay
common—
Ltd
Aluminium
28
v
.10
102
102
28,'
comraon...,—.?
Quebec
2074 Nov
Dec
17
July
9974. Sep
60
104
"
—
90
635
20%
207a
104 A
104
•*.:
100*
pfd—100
.——
3074
•
Bros &
High
Low
High
•
Price
Hiah
Low
203 4
Atlantic; Sugar - common—*
5%; preferred;
Co
Rang# Since January 1
Shares
Low
*c
Power Corp of Canada
"
Acadia
River
for Week
Range
of Prices
Salo, Price
Par
Funds
Sales
Week's
Friday
STOCKS—
Power
Montreal
notes——
/,
I:
•
J
Glass
Consumers
Cork & Seal
Crown
Dominion
Coal
preferred
Dominion' Dairies
•
v
•
—
Coal
Ltd
Stores
14~<
U
595
51
22
24%
25
Dominion Tar & Chemical common
•
.25
Dominion Textile common
*
91
91
Dryden Paper
•
1474
14%
19
19
Electrolux
1
•
Corporation
Products
class
Nov
8'/a May
15
Dec
12%
225
Dec
Dec
Brewers
Dec
British
37
38
265
27%
Feb
38
Dec
30.
125
20y2
Jan
32
Oct
15
125
10%
Jan
15%
Nov
104% 105
155
97
Feb
105 %
Dec
•
...
23
Sep
5»A Jan
90
10
Power
"
,
:
15'2
—•"
•
Bridge
Mining
55
31%
15% ;
10%
%
16
•
Apr
21%
55%
Canada
874
Jan
*15%
Dec
67k
Feb
107k
Dec
-
,11
Mar
16%
21
Jan
31%
A 1,109
307k Aug
15%
2,437
13 Va
Jan
16%
13%
745
12 y4
Jan
14
32%
33
40%
40% 41%
48'% 51%
Dec
7
A. !565
3
Jan
7
Dec
Nov
12 >A
6,800
87k
Feb
14
371
23%
Jan
27%
Dec
635
25
37
Aug
36
36
,i'
i
36
67k
78 7k
25
24%
25
*
23
,
165
165
1
Canadian Marconi Company
,f
A
4%; A;A 5
22% Mar
26 Va
Jun
20
May
31%
Oct
12
Dec
13%
835
156
Aug
1,930
2
Jan
e%
Nov
6'A
Jan
13%
Nov
4%
Apr
14
Apr
101
165
V
625
13%
12
13
98%
98
98%
3.0Q
2.90
3.00
11%
11%
12
3,100
60c
45c
70c
4,335
25c
75
*
;
*
13
65
75
1,022
42
13
12
!ioo
—2
>
,
A/15%'
v
-
1374
!
370
2474
Jan
35%
31%
Jan
43
21%
Jan.
52
TOO
Preferred
Dec
4,291
»
Nov
3,473
.J_l
t
Nov
•
International Nickel of Canada com—•
International
Paper
15
common
—100
Preferred
International
Petroleum
Co
Ltd—
♦
Preferred
Cori)——15
International Utilities
Public
Jamaica
Ltd
Serv
—100
;
:
207k
1,335
22%
22
22'A
$ 24%
Oct
•
Dec
;A
342
3,440
A
46
1.80
7,485
>-
;
43%
44
12%
Dec
375
N
11
*:'<
Dec
•12%
Jan
Labatt. (John)
25%
—'
25
25%
30
30
30
21%
1,515
.
-
Laura
Legate
Secord
—
Mkssej'-Harrfs.
——^
18
19 %r
45
247a
-U—
preferred
24%: 24%.
16
55
Dec
31%
Nov
1
Ford Motor Co
25
,
'
%
Tramways 1,
Dec
7k Mar
i
167a
Dec
Jun
1,255
9%' Jan
805
23%'May
'
r
30
'
.
23%
27,
24\'2.7
Car
Aircraft——I
:
————
Page-Hersey
Placer
-For "footnotes
*
!—!_*
Power com—100
——100
31;
;
21%'
Inv
Foundation Ltd
Lake St
John. P
&
3229r
(Alfred)
Dec
337a
7k.-May
-Apr
Oct
45%
602
37
.17
y; Mar
277
20
A Apr.
610
50
:> Jan
Dec |
24%
Dec
*
Lowney
*
0
common
•
P
-
1
•
-
•
Maple Leaf Milling Co Ltd common—.•
Power St Paper Co
•
,
Tel
Maritime
;
,
2,245
56
102
305
.
—
73
16
9%
15%
9 Va
10
73
16%
—
8'A
813
25
9 Vi
I 61 6174
8%
8%
13% 1374
120
675
•
-63
Dec
Massey-Harrls Co
247k Mar
32
Dec
Melchers
15%'May
23
Oct
,
13%
1,065
35
33
35
955
14 Vi
14'A
14%
515
Co Ltd com—10
A 7—
1774 1774
-A——!———V1774- 1774-.
Ltd 5% pfd
100 A
29
28% 297k
70
69
Tel
St.
7-%i preferred:
251
::
470
Sep
70c
Dec
75
Dec
6%
Jan
Nov
85c
Dec
15%
Dec
Jan
16%
Dec
Jan
46
25c Mar
13% Jan
874
•'30
Dec
iVa
Jan
14
Dec
9%
Feb
18 Va
Nov
Nov
5Va
Mar
2
7
3 Y4 Mar
July
Jan
33%
Dec
Jan
56
Dec
88
Dec
102
Dec
50
Feb
75
Oct
4 % Mar
1674
Dec
Jan
97k
Dec
25
-34%
5
6iy2
Jan
24
22%
16 V*
17%
22
14 Va
Aug
.
Deo
35
Dec
16%
Jan
Jan
12
Dec
8% Mar
6V2 May
9 %
Feb
1774
Jan
Dec
18%, Feb
Sep
30%
Mar
Nov
'
'
22.
100
7%
50
52
/
125
16%
16%
565
22%;
Inc.—
Ltd
Co
MacLaren
25
''
31
50
103
88
;
Nov
277k
May
987
'
.
8%4 Jan
*
17
103
7!/a
7%
127
14
14
"14
5
18!A
1774
I8V2
3,995
2,730
Refrig & Storage 2nd pfd_20
—
21
71
107k
21
71
10y2
25
426
?
&
Ontario
Paper Co
Jun
Nov
Dec
Jun
Montreal
Moore
Mount
Corp Ltd—
,
Royal Hotel Co
10
27 Vz Aug
317k
Nov
Noorduyn
14) •'
23%
Dec
Nova Scotia
Jan
Ltd common
Preferred
99*
1,255
Jan
8
52
7%
20
103
22%
5%' Jan
28%, Jan
•
10
Distilleries
Minnesota
7%
53
88
24%. Apr
;
29%' 29%
page-
30%'
22
22
30
16 3A
22 7;
___—
see"
Tnter'-City Baking Company Ltd——100,
(Can) Ltd A
•
Lambert
20% Mar
;
1.,
60%; 63
Tlibes^
development-
6*4. pfd
International Paints
■
2,222.'
'
.
55 'A
•
100
Companies
'
Ogilvle Flour Mills common
—
*' 7*;.-Ontario Steel Products common!—22
Ottawa
■
3,161-
"A 30%
30
30
Corp
Ottawa, Light Heat &
Preferred
5,160
700
905
6
33
i
29
3,875
16 V*
22%.- 22%
Cons—
L„ 100
Niagara Wire Weaving
—i.r_
Notranda Mine3 Ltd————
Ottawa; Electric Rwys,
5'A
Freiman Ltd (A J)
A
15
44%
Nai;ionalrB3:ewerieS common
4%
57k
32'A
•
■"
Breweries.^——_——
Steel Car
;
Nov
14%
'Montreal Lignt Heat & Power
National
Oct
•15%
16
.
5
5%
of Canada class A—32%
5
,
Feb
Nov
12
Jan
Mar
Dec
Sep
3.15
Oct
,;'24%
8
„:a
Molson's
20
•
18% Jun
26%» 27%
——
(Robert)
"Montreal
.20%
Jan
15%< Feb
280
200
3,025
Ltd——
Aircraft
44%
46
13'/a
—
6y4
Dec
Mar
168
,
i
McCcil-Frontenac Oil
Mitchell
'/a. .18%
.19 %
18 %
19%
St Sons Ltd John A—
16%
HVa
-*
Paper Co Ltd
Aircraft Ltd—
Fairchild
Fraser
Lang
16
6
2
17,285
Aug
3%
4,564
55c
15
137k
Woollens
Donnacona
Dec
25%
Aug
247k-Mar
125
6%
1774
46
Works Ltd——*
Engineering
Dominion
;
Fleet
Lake of the Woods Milling-common—:„*•
16%
••
Ltd
6
55c
15
17%
Dominion
Dec
447k. Dec
26%; Jan
278
12
43%-
104 Va
305
—
—
Mar
57
115
277a. May
377,
'57
56
104% 104%
104
..12%
com—
130
Apr.
*
«-2.50
1
Preferred
Consolidated Paper Corp
.56
International Power common—:
97%
538
124% 130
130
A
Consolidated Div Sec
;
67k
Dec
Nov
65
12%
4%
Industries Ltd class B
6%
79'A
50
575
24%
12%
24%
Jan
Jan
45
720
/
Mar
2.30
10,320
67k
77%
1
/
•
*
Imperial Tobacco of Canada common_5
Industrial Acceptance Corp com
•
Oil Ltd
Imperial
Dec
29 lA
Products—————*
Food
95'/a
11%
67k
Nov
33
175
26%
£
Dredge & Dock Co Ltd
Canadian
Jun
13
Jan
79%
Dec
38%
157k
38
38
Mar
144
1
Dec
39 y4
.44
54
■
Nov
5,950
1,482
175
12 y4
:d_*
3,150
16 74
95%
6%
7
.
•
—
Sugar—
Dominion
&
Canadian
Dec
:
2,425
Ltd
common
Preferred
.•
Dec
7
89%
—100
Company
High
LOW
2% Mar
10,943
28%
Ltd
Van
Packers
Columbia
British
Oct
Apr
800
3174
29SA
15%
54
765
7,954
'
;
10^
A 16'A
•
-•
-
14'A
'' /
r-'V 10'%
-5
Kollinger Gold Mines—
:
Paper common
Howard Smith
55,.
55
A
20
v' 19%
19%
*
5
Dec
Brown
:
175
American Oil Co Ltd
Canadian
inc 1927__——50
Goodyear Tire pfd
Bay
105
100
-/
15
15
*
common
of
Distillers
&
Range Since January 1
Hiah
6'A
95
100
100
Pap Co Ltd ci B
Pow &
Bathurst
16
25
/?
cumulative
7%
......,
Week
Shares
7
7
preferred
preferred—
cumulative
,6%
30
10
389
;
jjr' •"
of Prices
Low
Par
Power & Paper common
Abltlbi
•720%
Jan
6% Jan
16
30
29%
Gypsum, Lime & Alabastine
Hudson
98
14
Canada
of
General Steel Wares common
Hamilton
Jan
£
Dec
'«f
Co
preferred
5%
Nov
25 '
29
38
Players Canadian Corp—.—*
Foundation
Gatineau
23
Jan
•
Sale Price
STOCKS—
Dec
15%
A
B
Famous
15
10
Electric
Class
:
Jan
1,230
-
Canadian Funds
..JFflJay——.pi.,'.'.i
Last
Range
for
30
Enamel & Heating
English
-
Montreal Curb Market
13%,Jun
Jan
72
375
,
Dec
123,4
14
2,630
15
Dec
95
42%. Dec
,7%-Mar
200
/V
91
a
13%
Jan
V Feb
9Ya
-
3.561
22
•
14%
;
w.27%. Jan,,.;,
1,760
14~r'
Dec
Dec
11%'May-"--'«•+'-16 %-Jun—-
•
'
'
42
47%
July
4274
29
31% .32..
"k 1474s
25
class B_
42.%£
13-
31%
12
1,771
1,815
,v;.
40 y»
137k
i
Z
38
•
100
13%
95
J 85
-
11
A
25
---__35
Steel &
Dominion
42 Va
—•
common
Preferred
Dominion
95.
Jan
Jun
33
40
477k
13%
•
•
Bridge
;•// 735
42
; 47%
0
Leather Co Ltd class B_
Davis
Distillers Seagrams common
Dominion
42
42
0
Co—
Aviation Ltd
Lt &
Pow
Ltd
—*
*
71
—
*
12
11
93
93
93
3,461
12
Co Ltd com—"
.
.
*
10
Oct
2% Mar
9%
Va Mar
15%
Nov
11% July
18'A
Dec
10%
21
9
Feb
57'A. Feb
14
Dec
Dec
71
6ya. Jan
37k
78
Jan
May
;
Mar
14% July
94
.
Dec
3228
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
RANGE
MARKETS
LISTED
WEEK
FOR
ENDING
DECEMBER
28
Friday
Pr
Corp of Can 6% cum
6% N C part 2nd pfd
1st
pfd—100
108
106 %
108
122
99
Jan
109%
Dec
50
45
42
45
317
35
Jan
46 Va
Feb
red pfd—100
Quebec Pulp & Paper. 1%
39%
40
210
Bridge Co, Ltd
Southern
Canada
Pr
6%
36% May
50
Stores
United
Ltd
Products
Windsor
Hotel
,115
:
25c
0
Jan
12%
Dec
May
115%
Dec
24c
30c
25c
436
22c
Jan
13%
10
5
Mar
14
July
24
24
25
17
Jan
24
Dec
93
16 % May
27
Dec
24
—*
Ltd
Ltd
26
-*
26
10^
.
10%
27
•"
10%
Jan
8
500
Apr
11% Mar
Steep Rock
Stocks
Aldermac
Copper
Gold
Arno
Mines
Aubelle
Corp
Mines
Alger
Ltd
Mines
Ltd
Ltd
*
1
—
"''
•'
■■
Red
Bonville
Gold
Gold——.
Mines
Gold
Cadillac
Centremaque
Gold
Gold
Elder
Gold
Elaona
Fontana
Mines
Goldora
Mines
1.30
7,000
75c
31c
Lake
30c
32c'
4,000
29c
Dec
—
30c
30c
3,000
27c
Dec
15c
17c
3,000
6c
Jan
48c
11c
38,900
18c
4c
Jan
54c
3.05
5,200
1
Villbona
Gold
Nov
1.50
Jan
3.80 Apr
Jun
15%
2.80
2.75
2.87
14%
14%
14%
35c
,
37c
;>X 4,800
30c
Dec
37%cDec
10c
Feb
40c
Mines
Mines
Wiltsey-Coghlan
Apr
2.19
-1
500
-
V.
800
13
Jan
27c
27c
5.000
5.25
5.25
500
4.00
4.10
2,500
3.10
Jan
8%C
Ltd—
9c
10,000
4%c
Jan
18c
21c 21 %c
Wright Hargreaves Mines Ltd.
605
18%
Oct
22 Va Mar
3.80
Dec
Apr
5.55
Nov
Stocks
Oil
4.00
Ltd——.——
Co
21c
Royalite Oil Company Ltd.
4.55
Nov
May
May
9,300
33c:
Jun
62c
37c
35c
37c
2,000
10c
58c
60c
3.55
1
5
6c
Jan
Jan
Nov
45c
May
7,000
54c
Dec
75c
3.75
4,500
52c
Apr
7.00 May
1.30
1.32
4,000
35c
35c
4,500
35c
Dec
1.40
1.40
100
20c
Mar
40c
43c
7,050
40c
Dec
75c
76c
1,500
62c
Jan
95c
Dec
30c
32c
1,000
28c
Sep
:47c
Dec
58c
55c
59c
4,000
20%c
Apr
67c
Nov
64c
63c
68c
6,500
63c
Dec
96c
Nov
8c
7c
8c
100,504
3%c
Jan
1.22
82c
1.35
20,500
.15%c
14c
16c
4,010
*
35c
,,1
.:
1
42c
«
1
1
7—
Ltd.
'
•
-
V
1.10
Oct
Sep
1.70
37c
Nov
A
Dec
3.10
55c
Sep
Dec
V
1
7%c
Jan
7c
13%c May
Jan
'
Ltd—_ .,,1.
Explor Co
Lake Shore Mines/Ltd——,-,——. —1
Lingman Lake
——i
L'i
8.00
8.00
8.00
25%
25
25 %
700
1.42
1.40
1.42
7,200
4.35
3.95
4.35
15,500
9.80
9.80
200
—
700
2.45
-•'■'■■■'■
28c:
..v-
\.y-
Apr
:.V,
Jan
18
NEW
"'•/
Oct
8
Jan
25%
Dec
July
46c
HAPPY
1.50 May
1
-1
&
3.00
1.00 May
3.35 Mar
May
49,000
Kirkland Gold Rand Ltd
Min
3.00
11.3,1
1.05
May
49c
Joliet-Quebec Mines Ltd—— —1
Labrador
Dec
Low
Jun
27c
33c
3.75
Mines
35c
Nov
60c
•
45c
Ltd
Gold
7,500
Sep
30c
Ltd—
Ltd
37c
Apr
10 %c
Ltd
Mines
Consolidated
1.80
;
,
lie
i
J-M
Jan
46c
X—
Ltd
Mar
36c
;
May
32 Msc
.___
Mines
c
17c
Heva Cadillac Mines————
Indian
87c
1.30
——
(1945)
Gold
23c
Feb
3c
37%
v
1
——
Francoeur
Jan
1,800
1,000
1
Ltd—,
.
Mines
Oct
—1
Mines
Mines
Gold
July
8c
.7
——1-
Mines
Mines—
Elderidge
19c
44%c
58c
1
Ltd
Mining
Sullivan
East
Dec
Dec
1.30
——1
Mines
Sentury Mining Corp Ltd——
Cournor
8%c
36c
7c
Cartier-Malartic^ Gold Mines Ltd——,!
Central
2,000
58c
1
60c
.
Homestead Oil & Gas Ltd_.
.:
Lake
Bouscadillac
—
16,000
42c
8c
1
'
■'
8%c 10 %C
41c
_•
.
Ltd—
Aumague Gold Mines Ltd-,——
Beatrice
9c
———1
—
10,015
36c
t
Ltd
Home
'v
Iron
Ventures
Oll
Mining
92c
1
Mines Ltd—.
Sullivan Cons Mines Ltd
:
Range Since January 1
High
83c
92c
—1
107
84
13%
—
B——_—
Corp
115
Shares
Low
—
1944 Ltd
Standard Gold Mines
432
for Week
Jun
w
common..
Corporations
Westeel
115
10%" 11%
Sales
Range
of Prices
Par
39%,
11
100
pfd—
Southmount Invest Co Ltd
Thrift
„•
—
Week'*
Last
Sale Price
STOCKS—
Stadacona Mines
Sarnia
Monday, December 31, 1945
1.95
Nov
'
Macdonald
Mines
Ltd:
L
Mining Corp of Canada Ltd,:
——
1,55 July
Nib
Yellowknife
Normetal
Mines
Ltd
Mining Corp Ltd
Norseman
1
—_
29c 29 %c
"'
Dec
43c
:
:
Af-'-v ■£ \
*1
1.02
1.13
3,800
64c
Feb
26c
26c
7,400
20c
Dec
3.70
4.00
23c
23c
9,500
5,000
22c
Nov
10c
Fe~"''"46c^Qct
H—
;'
2.25
1.13
31c
Jan
Dec
Nov
,4.00
Dec
28c
;
Nov
t * x'
J"
Pandora Dadallitf "GbTcTMuies"*Xt'3_—_ 1'
Pato
Cons
Gold
Pitt
Gold
Mines
Dredging Ltd__
Siscoe
Gold
Mines
i.
Feb
7.75
33c
13,500
30c
Nov
1.40
•1,500
47 %c
Jan
40c
4,500
21c
July
51c
Sep
16c
9,500
6c
Jan
25c
Apr
15c
Jun
65c
31c
1
I 100
2.20
95c
1.05
1.10
X
1,750
1.72
1.00
2.09
———_1;
34c
1.72
—.
v.
Dec
10c
16c
.——50c
Ltd——
4.75
36c
—
_.
200
1.40
A——*
Sheep Creek Gold MinesSherritt-Gordon Mines Ltd
7.00
34c 36 %c
34c
—1
—
Rochette Gold Mines
7.00
,
—1
Quebec Gold Mining Corp—
Quebec Yellowknife
Red Crest Gold Mines Ltd
"~3Tc~*S'7r
37c
—1
—
-At
Aug
3.85
.—1
11
Dec
26c
O'Brien Gold Mines Ltd
_
28c
Dec
9.80
.
'
1.13
—
————„
Omnitrans
13,000
4.35
Jan
2.97
V"*
40c
Nov
1.40
Dec
Oct
•
1.27
Feb
1.72
Dec
35,110
66c
Jan
2.20
Dec
19,614
65c
Jan
1,10
Dec
:'V/:
Transactions at the New York Stock
Transactions at the New York Curb
Exchange
Daily, Weekly and Yearly
Stocks,
Number
Week Ended Pec. 28, 1945
Saturday
Monday.
611,420
United States
and Miscel.
of
Shares
Daily, Weekly and Yearly
Railroad
.
::
Bond
Bonds
Sales
-,X BondM
$2,752,000
$261,000
'
$1,000
Tuesday
1.414,713
5,408,800
1,324,766
5,313,000
-1,093,020
4,960.800
.
6,000
5,927,800
5,829,000
5,448,300
Domestic
254,190
Saturday
513,000
Foreign
Monday.
Tuesday——.—
Foreign
Government
Corporate
oj
Shares)
$3,014,000
Exchange Closed
Wednesday
Bonds (Par Value)
(Number
iWeek Ended Dec. 28, 1945
VExchange Closed
—
Stocks
Total
Government
foreign
Bonds
Exchange
Total
$252,000
$13,00p
Exchange Closed
Exchange Closed
$239,000
«;•
Total
—
4,443,919
:
$18,434,600
509,000
7,000
353,000
'
134,500
—
437,000
$1,636,000
$148,500
Week Ended Dec. 28
$20,219,100
712,695
369,000
64,000
$4,000
Thursday-———
563,720
566,000
73,000
3,000
642,000
Friday—
Thursday
611,686
507,000
55,000
7,000
569,000
2,142,291
$1,681,000
$205,000
$14,000
$1,900,000
————j1
Wednesday—:
———
Total—
——.
Jan. 1 to Dec. 28
Week Ended Dec, 28
,
1945
Stocks—No. of shares,
XX
1945
1944
4,443,919
6,235,490
-Xxi'
262,057,578 'f
;
375,995,807
Bona*
1944
2,142,291
—
Jan. 1 to Dec. 28 ?
I
1944
1945
Stocks—No. of shares^
;
;
1944
1945
70,801,433
142,540,345
1,610,694
*
O. 8. Government—
Railroad &
-
$148,5QO
1,636,000
18,434,600
IndustriaL
'$109,500 v
$8,080,050
'
1,635,000
105,104,460
$5,805,700
103,644,000
40,041,100
2,141,095,400
2,578,326,100
X
Bonds
$20,219,100
Stock And Bond
Below
listed
on
are
$41,785,600 $2,254,279,910 $2,687,775,800
30-
December 22_
December 24
——
20
II
Total
10
Rail¬
Utlll-
65
Indua-
Grada
Grada
trial*
road*
tiM
Stock*
trlala
Ralls
Rail*
190.67
63.19
37.96
71.68
105.63
Holiday
Holiday
-
December 25
Firs*
115.64
Second
101.85
10
Utili¬
ties
108.96
Total
40
Bonds
108.02
Holiday
63.47
38.40
72.34
105.71
115.81
102.04
December 27
108.93
192.31
108.13
62.66
38.06 '
71.90
1Q5.80
115 92
101.90
December 28
109.02
192.43
108.16
62.91
38.15
For
footnotes
see
page
3229.
116.1.1.
101.94
109.14
108.25
Ask
Bid
33
.
4.62
;
35
4.74
f
Fulton
Grace
National
—
10
50
52
132
137
Irving Trust
Central Hanover Bank & Trust 20
123
Kings County Trust
Chase
National
Chemical Bank
Co
%
127 V2
47
49
Lawyers Trust
54V2
49%
52%
Manufactures Trust Co com—20
Morgan (J P) & Co Inc——100
National City Bank
12%
10
20%
61%
Firs*
National
190
&
Trust
—
Bank——
LJ,
110
39'/a
100 2 035
22Va
63%
115
41 %
2,095
New
York Trust
25
25
Public Nat'l Bank & Trust—17%
National-—
Title Guarantee & Trust
Sterling
United States Trust
12
—100
.
d»k
212
♦
100
369
10
20
100 1,900
52%
8t
Bid
-100
10
Exchange Bank.& Trust-20
Empire Trust
50
Fiduciary Trust
Guaranty Trust
———20
—
Bank
,
203
15
Bank
& Trust-
Commercial National Bank
Trust
;
Par
——100
Trust
100
Corn
192.76
105.81
100
Trust
Continental
Holiday
December 26
72.03
10
Brooklyn Trust
10
Indus¬
the Manhattan Co
Bank of New YorxBankers
-Bonds—
City Banks & Trust Cos.
Par
Bank of
.
——J
——
New York
10
Data—
Total—
Averages
-Stocks-
$2,991,000 $166,711,000 $180,661,500
205,000
j.-—_—1——
the
daily closing averages of representative stocks and bondi
the New York Stock Exchange as compiled
by Dow, Jones & Co.
$2,506,000 $131,520,000 $169,154,500
472,000
34,049,000
10,257,000
13,000
1,142,000
1,250,000
$1,681,000
Foreign government-———-——
Foreign corporate—
Total
14 000
$1,900,000
^
Domestic-
47
62%
312
49%
110
46%
82
24 Va
800
--
377
21
1,950
50
64V4
317
51%
114
48%
,
86
26
830
^
l/l
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4451
Volume 162
OVER-THE-COUNTER
3229
MARKETS
Quotations for Friday, December 28
For
Specialists
Quotations
in
Shaskan
OVER-THE-COUNTER SECURITIES
40
ACTIVE
Co.
&
Members New York Stock Exchange
Members New Yoik Curb Exchange
Firm Trading Markets
250
Real Estate Bends
on
Exchange Place, New York 5, N. Y.
ISSUES
Tel:
DIgby 4-4950
,
.
Bell
..
.
,
.
NY
Teletype
1-953
120 Broadway, New York
Ward
t
&
o.
Tele. NY
Association ■■
Members New York Security Dealers
1926
Established
2-8700
1-1287 & 1-1288
REctor
Phone:
to
Wires
Direct
CHICAGO
—
Reorganization Rails
PHILADELPHIA
(When,
Ben ds—
Investing Companies
Bid
Pat
,10.72
11.75
1%
-1
6.52
*-7.13
Scries
B-4
11.46
12.58
4.93
5.40
Series
K-l
21.96
24.05
Investing. 10c
12.02
13.04
Series
K-2
Affiliated
Fund Inc
American
Business Shares
Foreign
,18.69
1
Axe-Houghton Fund Inc
Bond
Corp
of
Tr
Inv
:
6'A
—
7.41
109.93
26.63
Loomis
41.18
44.52
117.31
22.05
24.16
' 4.15
34.15
4.75
9.49
T-
Ltd
Fund
Inv
2d
1
Trust
Investors
1
100
100
.—1
—1
Chemical Fund
Securities
Christiana
com
Preferred
Commonwealth Invest
Consol Investment Trust
37.37
Mutual
14.12
=■
Natlon-Wide
13.05
2,990 v 3,090
150
145
7.00
6.44
70%
67 %7
Balanced
.-'Bond,
-■
,
.
"
' 7.40
.2.50
D
26c
Dividend
Shares
Eaton
Howard—
&
Stock
Fund
•
Mutual Trust
First
'26.92
28.99
2.42
8.31
33.54
- 6.59
2.66
9.23
36.76
7.54
..8'
2
A—2
Fund
Fundamental Investors Inc
Fundamental Trust shares
-
shares
Group Securities—
45.79
V. 6.20
"
*
,
•.*_ "
7.53
series™——.
i
Avlatlpn
shares,
—
10.11
: 7.22
—
;i
Administered
bond
General
9.53
10.72
priced stock common
Investing
—
series
-Mining shares
Petroleum 6hares„
RR
6.96
7.22
shares——
Bond
3.90
Bteei
*
shares——.
shares
Tobacco
5.35
;
Alliance—™..
10
Automobile
_4
American
8.31
17.17
••17.34
8.69
Fund
10c
Common
7
1.84
30.52
; 2,82
,
City of
16.75
11.79
Fidelity
Employees
4.98
13.89
—2%
Insurance Group shares——
1.05
' 1.18
16.84
32.43
35.25
63%
67
Group shares———.—
Bank
Investment Co
Investors Fund O
C
Shares
-
Yr;
66
8
24
69
;
•
15.15
8.50
—'
.28.21
29.56
Blair & Co
Standard
&
38%
41%
travelers
15
93
97
0
0
33%
35® i
U S Fire..—:
30
32
U
10
:
:
Fire
10
116%
Series
B-2
28.06
30.75
B-3
Series
20.70
—2-
Huron
22.68
Holding
Holding
Recent
21.82
38
8%
56%
59
1%
Corp.—...
,
1»8
Page 3228
Pow
Lt
&
3V8S..1974
Conn
Lt
Pwr
&
3s
RR
107%
101
101% ♦
106%
108%
102 %
102%
1953
Lt &
Pow
2%s
100
1974
2s
Houston
1Q7V*
104
K—1980
ser
105%
106%
103
103%
Kansas City Southern 4s—1975
Kans Okla & Gulf Ry 3%s_1980
101
102
105 Va
Minnesota Pow & Lt 3 VsS—1975
107%
105%
108 V
1975
105 V*
105%
2%s———1975
101%
102
Mountain States Power 3s—1975
Obligations Of Governmental Agencies
103%
104%
Bid
'
r "
Bid
Ask
Federal
•
Home
1, 1956-1946
1, 1956-1946—i™.
100
Loan
April
O.SOCc
3s Jan.
Montana
15,
b0.90
V
/
0 8 Conversion
3s
1948
105
105%
D
8 Conversion
3s
.1947
1953-1951™.
100%
100%
"snomti
1,
100%
101%
——.*—1985
104 V*
104%
102'
102%
101%
102 %
102%
103
-
Service 2%s
1975
& Light 2%s_1975
Lt & Tel 3s______1975
Power
Preferred Stocks—
Par
Monongahela Power 4.40%—100
Ruppert (Jacob) 4%
Oil (Cal) $3.75
Union
100
*
111
112
106
107
106
106%
Aak
0.80
Issues
uther
100.29
100%
l%s wi Jan.
108
101%
3 VaS——.1975
Ass of St Louis
RR
Western
100
United States Treasury
102.20
1901
Canal 3s
133
134
Rates
quoted are tor discount
at
Bills
purchase
Bid
Bid
Treasury bills—
Quotations For U. S. Treasury Notes
Int. Bate
tMar 15,
1946
1
tDec
1946
15.
100.1
100.18
100.19
iy4%
,—,
1947
100
1%%
tMar 15 1947
tSept.
%
100.12
100.13
...
1%%
100.28
100,29
1947...™.
1948
15,
tSept. 15,
tSept. 15.
1%%
1%%
100.14
100.15
101.6
Dollar Price 100 Plus
Bid
Ask
Cerrifiebtes of Indebtedness—
101.7
t%s Feb.
1, 1946
t%s March 1, 1946
.0072
July 1, 1946
t%s Aug 1, 1946
>
V;
"•
.
'
-..-.J
'
t%s Sept.
/
t%s
>"
■
,
' ~
Oct.
' 1%S Nov.
1,
1946
1,
1946
1,
1946——
•
;0143
.0260
.0294
.0181
f as
(J
'
Dec.
t%s J«.n.
1, 1946—
1, 1°47 wi
24,
1946
...
bO.375
0.34%
0.35%
b0.375
0.35%
1946.
1946.
bO.375
0.32%
March 7, 1946.——
March 14. 1946..—
b0.375
0.35%
March 21,
1946—
bO.375
0,35%
0.28%
b0.375
0.32%:
b0.375
31.
January
Ask
1946-.
b0.375
b0.375 0.32%
...
February
1946
b0.375
0.33%
7,
1946
b0.375
February
February
21,
28,
0.35%
0.31%
,0331
.0205
.0371
'
■■
1946
b0.375
1946
17,
January
.0184
.0350
.0161
*
10,
February 14.
.0246
.0101
.0250
—>—
3,
January
Ask
,:
.0182
.0179
1.097*
•
.0170
.0132
t%s April 1, 1946
t%S Mav 1, 1946—™
t%s June 1. 1946
:
.0167
.0120
...
'
...
1946.
January
Maturity—.
Bid
*
January
Figures after decimal point represent one or more 32ds of a point
Matnrlty—
105%
101V*
Texas Elec
Texas
105 V*
100.1
100.27
r003/4
..
Term
4«lr
108%
101V*
107 %
Co
Reading
Bid
107%
100%
Banks—
1946—
l%s Oct; 1,. 1950-1948—
?%s Feb, X. 1955-1953—.
3s May
Power
Narragansett Elec 3s
1974
N Y Connecting 27/es
1975
Portland Gen Elec 3V8s_—1975
Pub Serv
(Indiana) 3Ves__1975
Public Serv (Okla) 2%s—1975
2%s
1965
3%s—
Lt
Gas
Monongahela Power 3s_r
.
44%
,
Ask
1975
Dayton Power & Light 2%s 1975
^Laclede
Federal Land Bank Bonds—
41%,
Westchester Fire
Security Issues
1974
Birmingham Electric 3s_
Cent Vt Pub Serv 2%s
Erie
FOB NEW YORK CITY BANKS & TRUST COS.—See
60
93
11.33
8
10
49%
88
Guarantee
27.91
36 %
1
„
620
47%
"57
—
10.30
9.42
20
Corp-
S
11
Fidelity & Guaranty
44 V*
23.47
Bonds—
First Boston Corp
—-
—.
121 %
S
37
41V*
605
15
preferred
American
57%
128%
124
Accident
2nd
Arkansas
B-l
35
New
Great
Rutgers Fire com
79
54%.
12
Security
32%
'■24%
76
-
Surety
Seaboard
10%
Republic.
Corporations
Amerex
Keystone CustfMan Funds—
Series
St Paul Fire & Marine—
,•72 //;
8
10
7%
6 V*
29%
22%
Fire
&
Marine
Bid
16.91
41
25.35
Banking
16.53
<Paul>
Revere
54%
&
21%
_J
38%
1.14
V
10.36
Lt & Pwr Shares A
15%
10
(Texasl
Republic
18%
Hartford
25.53
■wWellington Fund—
13%
(NY)...
Corp
Reinsurance
52
59.50
1.02
/
1
,
69 t
8
Fire
Hanover
21.47
Investment
...
Falls Fire
95c
24.38
.
Preferred Stock Fund
El
Providence-Washington
Globe
•
97
8
26
V*
8
64%
93
Accident
Preferred
16
15
61%
10
172
107 V*
103%
10
—.—
Haven..
SprlngMeld Fire & Marine
56.50
25o
A
C
U S
;
59
56
167
18.45
of America—10
Indemnity Co
B
Fire
86c
10c
Unicn Common Stock Fund B
Stock and Bond Group shares.
115
Fire
Phoenix...
10
8%
110
Pacific
42%
10
Fran
7% "
—;— .—28
35%
20
.
16%
25%
98
10
Newark
Va
52
15%
23%
-
.94
Glens
110.07
.
7.76
B
Union
Phlla
of
'
3i',t,.:
™_12.50
20%
'
—I
:
series
of
*
50
»<
37%
29
—-—--B
33
10
Gibraltar
5.48
—.
Fund
Ncrtbeastern
192
59 V*
40%
.''U
—
—8
7%
6%
35%
..._2.50
•
/
62
182
^—...10
Northern
-
29%
59
——10
Rlver_*._i
71
6®/8
27%
2
Globe
1
108.87
Bond
Series
North
23%-.
n
8%
7%
20
Fire
New Hampshire Fire
NeWHPhFlr Fire
56%
66
5%
.10
Union
25%
68
92%
63
Amsterdam Casually——--3
21%
*
8
General Reinsurance Corp
18.09
Inc
Trusteed Industry
New
23%
.10-
& Deposit of Md
Franklin
3.45
State Street Investment Corp.—
Union
790
Group
Firemen's
3.73
•
16.81
Invest Fund
Scudder^ Stevens & Clark
Utilities
York
Employers Reinsurance
,18
Republic
Bovereign Investors.—
765
8
19%
88
(Detroit)—10
New Brunswick
90
Feoerai
9.61
...1
.
Amer Shares
National Liberty
7%'
86
18%
,
—4'
—
Pacific
8.74
.1
Fund—
44
100
Fireman's Fd of San
Trading.—
41
_28
-
-
Crum & Forster Inc
9.59
.——
,
&
(Geo)
Casualty
National Flre„
6%
45%
>
"
9.76
8.72
s-s.il
National
74%
Fire—
New
13.62
—
«.—•„
22%
71%
Connecticut General Life——10
shares—
Trust
20%
Continental Casualty..
10.73
.
Series 1956
Putnam
Fund.
1.89
32.82
3.16
21.85
1.16
"1.31
Group shares—19.94
Aviation
1
15.25
:
.
Amer
Selected
Ltd—
Securities
Bankers & ShippersBoston
V. 14.10
Fire
Fire
National
Camden
Mfrs
Monarch
2%
12.89
12.84
St
20%
-10
12.35
11.73
g-
Merch
13%
Casualty
Fire Assur
37
15.25
:
11.24
—:
—
Merchant
19%
Automobile
11.41
13.89
N Y
Massachusetts Bonding
34
Baltimore American
Vl6.58
10.38
Speculative./
stock
12 38
96 Va
94
-1
Maryland
13%
10
Surety
10.98
42%
:12%
8
4
17 V*
'15%
20
39%
10
Reserve
American
19.11
24%
13.40
.
10
10
25
.25
American
16.26" "17.85
equipment
Serlts
Institutional
15.10.,
equipment
.-j,
Petroleum
;V
/
Inc
Incorporated investors
—6
Independence Trust Shares
•
V 9.99
■
;
49
31%
Y
Insur Co of North America
88 %
26%
37
2%
9.56
12.20
-
Y'f
23
.8
Re-Insurance
:
.
IFire
Homestead
49%
,
xi2.
Fidelity & Casualty_8
Fire Assn
•/ 7.59
6.90
.
Foundation
American
/
5
Casualty.....
American Equitable.—
15.45
14.07
—.
—
Standard
Income
—
.'-Series 1955—
5.89
85
American
American
;«
Railroad
7
47 %
4ik
Bid
30
Jersey Insurance of N
8.88
6.51
.
;
10
Life
12.40
7.83
5.92
-.
shares
Utility
6.82
7.12
shares—1——
stock
?■./■. 4.30
6.20 /
Equipment shares———'r
Railroad
Aetna
Agricultural
American
1
Merchandising
<■
V*
46
Hartford Steamboiler Inspect.. 10
58
5.81
>■'.
Machinery
>•'.
58
Par
Ask
95
55%
.....
5.53
-
-
Electrical
7.94
Bin
92
28
Surety
10.78
—2
Diversified
North
24
56'A
,*
77%
10
&
7.50
Fund
Insurance
10.27
-
—
Casual
5.24
17.41
Railroad
:
•
98 % *
Par
4.89
__
stock
Steel
22
com—
'
75%
•
9.75
Diversified Investment Fund—
11.13
6.33
.
75-year 4'/2s
:
— —-
Building supply
Business
Equipment.
•".
28%
68%
Insurance Companies
11.76
9,53
10.13
Shares
Low Price
Merchandise shares:
Income
Francisco
St Louis &; San
96%
1
—
_
Automobile
-
81%
102
6.84
Agriculture
10.47
11.25
10.71
Institutional bond shares
Railroad
10.48
shares—
Industrial Machinery
.
9.54
shares—.——
79%
100
1993
American of Newark™
-—"
com
Francisco—
Aetna
8.93
England
13.36
14.66
6.47 ■/.' 7.12
8.95
9.84
i
shares—
Food shares
Fully
San
&
50-year 4s
Aetna
10.74
York Stocks Inc—
7.94
Electrical Equipment
/
/
1st
6.98
6.13
New
11.11
.
2018
Preferred
Louis
8.27
C
8.12
Chemical
10.82
—-
Building shares
Chemical shares
4V2S
.
1st 3-4s income
12.80
9.67
Bank
79%
26%
66 V4
Grande
Rio
&
Preferred
*
series
stock
New
J
10.07
0.83
11.88
income
St
6.31
21*-———;
senles-..
Stock
•
Denver
Grande-
•/
Speculative series
6.51
Agricultural shares
—
9.16
i Automobile share®—• —'• 8.03
Rio
&
16.36
15.24
11.84
1
•'"..■Aviation
Capital Corp
General
General Investors Trust———I
99%
97%
18.07
.—-—
Selected series
Inc.
16.53
Preferred stock series-*
,v-
'
28.26
17.64
Inc
Industrial Fund,
Financial
i 1.88
26.43
> 16.50
Fund
Fidelity
,
.
1
1
Fund
Balanced
8.40
1.71
•
"
;
Low
2019
16.81
10
Inc
priced bond series
Low
.
48
77 V*
Securities—
Industrial
24.22
22.40
1
Fund
Diversified Trustee Shares—
Denver
Security Series—
f ' Income
Delaware
15.63
National Investors Corp
National
4V2s_!
46
..100
preferred
106
31.58
1
Fur-d
Fund
Invest
5 %
^
104
10.43
29.37
*
Investors
Mass
'
Canadian
Chicago Rock Island & PacificCommon
•
79%
54.40
10c
Common
Mass
Century Shares Trust
101
""
—
"
1994
income
Stocks
Fund Inc—
Bond
Manhattan
77%
Conv
119.70
53.31
Fund
Sayles Mutual Fund—•
Sayles Second Fund—10
Loomis
24.77
5
Broad Street Invest Co Inc—18
Bullock Fund Ltd—
-1
t
8.19
2——/
S-4
Knickerbocker
7
99
2003
4%s
ist 4s
17.04
8.80
1983
2nd
Ask
Bid
Chicago Rock Island & Pacific¬
19.10
15.49
7.94
S-3--—;
105.53
America
Fund Inc
Boston
17.37
S-2
Series
Series
/.Beneficial
33.54
and if Issued)
as
Ask
4.,
31.35
30.56
;
Series
40.74
-
28.50
S-l
Series
20.10
37.89
■t
•
_
'
Houghton Fund B
Axe
83/4
8
shares—
Standard Oil
Assoc'ted
Bid
Indianapolis & Louisville—
1st 4s
(Cont )—
Keystone Custodian Funds
Ask
Bid
Ptr
Ask
—1
Aeronautical Securities.
American
Chic
•' •"
•
.0225
,.0247
.0408
.0445
a
to
Odd
Stock
name
lot
sales,
b Yield
changed effective Sept.
•No
price,
Exchange,
r Canadian
(Un) Unlisted issue,
dividend.
par
furnished
value,
17,
tin default.
by sponsor or issuer.
d Deferred
delivery.
e
Ex-intere?t. f Flat
price.
market,
s Cash sale—not included in range for year,
Ex-dividend,
y Ex-rights,
z Formerly Athey Truss
x
k Removed
t Ex-stock
Wheel CO.;
1945.
tThese bonds are subject to
all Federal taxes.
A Quotations not
3230
THE COMMERCIAL
& FINANCIAL CHRONICLE
Week
THE COURSE OF BANK CtEARINCS
Bank
clearings
this
week
will
Preliminary figures compiled by
show
based
us,
decrease
a
for all cities of the United States from which it is
will be 2.8%
total
year
Third Federal
against $10,653,933,617 for the same week in
$10,356,604,282
At this center there is
loss for the week ended Friday of 6.0%.
a
for the week follows:
.
795,079
Bethlehem
Dec.
22
1943
or
1943
%
.Dec. c/o
Philadelphia....
-
cities)
1,406,363
622,000,000
525,000,000
+ 61.6
+ 23.4
2,020.898
1,711,550
+
7.4
v.
1,269,963
1,683,474
2,318,991i
1,044,276
'
—
.2,154.690
'■
6,043,300
721,462,175
—
1,276,590
1,239,172
2,826,195
1,946,623
(10
1.375,935
1,838,154
Jersey—Trenton...
Total
Clearings—Returns by Telegraph
781,000,000
—.
York
New
i
547,626
—
3.488,109
...
Wilkes-Barre.
Our comparative
750,000'
726.919
1,797,718
701,000,000
L
2,720,525,
„
Scranton—...
831,449
—10.2
1,050,629
,
Lancaster
420,608
6.3
+ 16.9
785,076
'785,436
2,101,629
......
363,916
+ 17.6
—25.8
676.296
743,320
Chester.;
1944.
:
,
$
Inc.
Reserve District—Philadelphia-
Reading...
at
Ended
1944
s
Pennsylvania—Altoona.,
29, clearings
Our preliminary
year.
1945
'
ago.
possible to obtain weekly clearings
below those for the corresponding week last
stands
summary
a
telegraphic advices from the chief
upon
V
•
J..,;,./■
compared with
cities of the country, indicate that for the week ended Saturday, Dec.
Monday, December 31, 1945
801,520,628
2,042,065
-1,665,056
9.7
•*
—32.9
7,835,000
6,526,200
6,144,600
>{ 637,684,600
—10.0
541,276,007,
*
1945
1944
$4,352,162,205
$4,630,096,443
',362,759,919
389,709,841
457,000,000
473,000,000
—
289,598,644
264,335,809
+
9.6
8.2
Mansfield..—.;
3,113,341
2, 687,756
+ 15.8
2,001,179
0.9
Youngstown..
5.260,216
4. 607,921
+ 14.2
-"3,965,453
4,510,370
256.986,670
342, 587,550
—25.0
255,703,048
250,215,048
686,880,772
782,659,166
—12.2
>'598,040,488
Week Ended Dec. 29—
New York
*
—.
...
%
Fourth
6.0
—
Federal Reserve
District—Cleveland
,"V„
1—L
Philadelphia
——
Kansas City
152,632,540
San Francisco
;——.«
.
Pittsburgh
,
—
223,708,000
1
; 168,321,734
198,087,604
172,918,167
4,876,830
254,486,574
262 416,117
Cleveland—
Columbus
„
24,950,100
—
:
L
—
,
———
.—,
Ten
cities, ffve days
—15.0
$6,740,810,879.;
1,875,994,190
———
—»
97,746,194
$6,409,289,236
—
Other cities, five days—
Total
4.9
—
(7 cities)
Total all cities, five days
>
All
-.
cities,
$8,285,283,426
—
——
Virginia—Huntington
Virginia—Norfolk——.—
2,183,728,817
—
,2.2
+(>;
'
•'
South
'
:"V.
5-1
—
•
Total all cities for week
i >•
$10,356,604,282 $10,653,933,617,
2.8
—
ends
We cannot furnish them today,
Saturday and the Saturday figures
in
much
as
appear
of
In the elaborate detailed statement, however, which
ended Dec. 22. For that week there
Federal
Outside of this city there was a
week in 1944.
same
clearings at this center having recorded
We
Reserve
District
by
10.0%.
In
Cleveland
the
register
record
a
loss of
12.2%
Total
City Reserve District there is
1945
Week Ended Dec. 22—
Reserve
.—
2d
York—
12
3d
*
New
Philadelphia
10
"
7
6
6th Atlanta
7,768,850,054
+ 11.1
4,847,091,544
3,820,360,097
801,520,628
—10.0
637,684,600
541,276,007
782,659,166
—12.2
598,040,488
567,948,760
336,785,201
+
0.6
258,892,082
493,674,788
+
6.1
402,333,021
2.4
92,334,823
.+
6.1
402,333,021
62,586,357.
+
266,809,009\
.
+ 35.2
774,448
y
707,422!
4.160.568
4,004.333
r
4,084,792
3,319,428
2,529,423
!
3,437,535
+12.3
2^53,752
2,838,535 j
25,962,000
3,693,227
+
+
3,624,204
;
3.132.525
3,059,282
>T
*15.500,000
14,908,000
8,677,683
•7,157,285
577,193
^+20.6
...
'T'
696*111--
-
—•
+
5,637.810
22.8
10,047,718
44,429,318
»' 22,780,120
29.593,000
1.9
+
12,342,588
„_
f
»
9.1
42,729,446
Moines
1.018,751
•
9.4
—16.5
5,837.731
2,451,908 i
8,339,170
—
3.8
+
2.4
2,635,182
Hb
4.0
12.972,939
+ 21.2
8,462.342
31.666,655
6.091,246
28,864,053 1
1,938,323
5,304.299 V-
.>-
3.7.1,159,»
^
.
11,421.534,
409.330
>•
386,659,706
U
633,615,750
453,373,591
+39.3
426.898,825
2,226,052
1,743,083
+ 27.7
1,470,678
1,377,657,
7,569,472
6,917,779
+
9.4
4,063,442
4,254.036
3,464,216
+2,520,138
1,918,453
2,059,229 '
2,797,191
I
2,100,041
'+■>
,
(17 cities).
790,312,562
.
+ 37.5
+
1,606,781
v
+31.6
600,438,585
+.,
33.2 ;
1,457,344
544,138.039
-
487,514,594:
•
Eighth Federal Reserve District—St. Louis—
17
"
790,312,562
600,438,585
+ 31.6
544,138,039
"
379.492.454
352,360,078
+
7.7
295,551,826
238,634,383
9th Minneapolis
7
"
253.982.455
222,127,639
+ 14.3
219,542,988
161,805,281
10
"
327*650,386
318,066,705
+
3.0
295,279,992
233,866,044
6
"
202,289,221
175,582,639
+ 15.2
123,877,269
115,327,247
10
"
Total
v,
199,200,000
(4 cities)——.
91,659,161
69,305,297
91,574,658
1,070,587
379,492,454
■
173,300,000
142,600.000 ]
74,309,711
■64,714,318)
47,079,115
30,530.065 \
O.i;
+
14.5
+
•,
+ 14.7
352,360,078
t
9.1
+
60.514.833
1,227,996
—
865,000
790,000
7.7.;.'+ 295,551,826 +
+
238,634,383)
487,514,594
4
217,300,000
Kentucky—Louisville..
Tennessee—Memphis
Illinois—Quincy
266,809,009
Louis—
7tb Chicago
8th St.
10th Kansas
„—
City.:
11th Dallas
Ninth Federal Reserve District—Minneapolis—
Minnesota—Duluth—.
6,056,376
St,
Paul.
552,-730,341
607,957,054
2.5
456,731,299
12,960,455,485
7.6
9,047,586,789
7,308,632,287
5,394,152,869
2.0
4,355,375,379
—
our
4,400,178
'
Week
Clearings at—
$
ton—
First Federal .Reserve District—Boston
Ended
Dec.
1944
>:
;
Inc.
,
:
.
$
Dec.
;
22
1,282,697
—
—
Portland
3,925,511
—
Massachusetts—Boston
:
%
;>:+
•;>'
925,094
+ 38.7
3,727,804 : +
433,100,618
435,372,275
1,322,086
1,239,025
River
—
+
+
,
$
» ;"'v
+ '+■
>
667.264
Springfield
2,836,506
3.7
318,350,930
259,522,537
6.7
838,390
727,681
3,660,698
>'
629,305
+
6.6
402,605
1,5^6,297
+
0.3
936,192
932,845
6,083,396
4,631,598
+ 31.3
3,874,499
—
3,292,948
+ 37.8
2,435,892
2,509,935
22,734,806
+
-
Haven
21,894,118
+
3.8
15,843,608
20,200,228
+
8.9
4,933,277
6,470,411
19,612,100
+ 10.6
16,680,700
17,891,900
1,191,943
cities)
6,714,719
21,693,800
Island—Providence—...
Hampshire—Manchester
787,765
+ 51.3
521,818
495,446,260
:w
500,446,260
—
1.0
>
495,616
Kansas—Topeka...—+ >
York—Albany
368,321,681
Wichita
3,949,950
+ 23.0
2.467.684
1,536,"238
76,962,000
—15.5
57,700,000
52,100,000
+
1*075,409
+
'"•+
2,237,678
5.4
870,434
1,194,923
991,833
988,325
0.4
1,032,163
892,666
7,566,302,616
+ 11.6
4,692,111,390
3,671,763
13,793,708
15,616,974
—12.7
Syracuse.
8,944,511
7,126,488
8,636,563
9,292,080
545,039
447,232
30,071,986
31,015,762
44,866^428
47,602,657
8,630,280,532
7,768,850,054
Connect Jcu t—Stamford..
Jersey—Montclair
Newark
New
Jersey
cities!
.
.
—.
Joseph
1,228.510 *
.
1,207,833
.
+14.3219,542,988
,
+5,546.321
.161,805,281
;
'
*
.
'
+
;
.
308,131
'
-
185,733
7.9
+
+21.2
8.9
.
71,397,450
3,627,224
7,276,778
220,842,804
+
■
—
+14.0
7.2
1.7
"7,560,291
1,240,457
+41.3
952,924
+31.7
+
0.8
6,357.140
154,881,786
5,368,481
860,919:
897,694
715,458
,•
'■
'58,948,993 >
3,645,204 !'
-6,329,770
200,661,261
7,610,255
1,752,512
1,254,153
> ■" >
,"2,905,708.
".
4,106,979
+
—
■
■
214,662
"■
3,375,392
+14.0
7,620,330
Total (10 cities)
+ 25.5
5,273,061
318,066,705
+
3.0
+
4,320,733
T
Galveston
Wichita
—
Falls..
;
3,348,283
144,187,000
15,415,962
4,186,000
•
.
Worth
167,356,000
17,675,232
H alias
Fort
3,694,000
*1,700,000
1,541,237
7,051,256
(6 cities)
10,038,243
/
4,871,052
v
Federal
7,396,157
202,289,221
Washington—Seattle
Yakima
683,151
175,582,639
106,217,593
4,562.117
Santa
-
398,445
3.0
24,177,159
24,902,419
Grand
6.7
41,278,256
35,893,186
Outside
4,847,091,544
3,820,360,097
9,833,049
5,635,674
351,110,000
8,104,916
;
Barbara
6
616,896
3,394.872
2.425,026
*6,500,000
29.0
2.544,848
2,010,40CV
100,201,000
91,299.184
14.7
11,303,006
12,500,000
+
+ 11.1
3,379,000
+13.3
Total'(10* cities)
Total
New
——_
(111
cities)-
York
—;
♦Estimated.
2,868,000
2,392,616
1,273,557
5,056,799
5,376,100
+15.2
123,877,269
^15,327,247
—19.4
74,887,571
+ 10.3
—
4.7
I
6,281,716
592,730,341
77,277,835
59.9
1.735,424
1,551,670
—11.5
75,533,149
8.8
'30 071.951
59,837,615
28.905,703
—19.5
+
+
+
2.1
.9,309,627
2,543,540
251,703,143
+
22.5
3 770.763
+
5.5
+ 40.0
_
"
1.661,665
3,825,334
.2,011,112
180,761,008
"2,887,300
974,252
3.5
5,508,466
4,355,003
607,957,054
2.5
~ ,-456.731.299
362,286,838
13,943.097,632
Stockton—
899,809
—
'233,866,044 !
+ 16.1
12,960,455,485
7.6
5,394,152,869
2.0
9,047,586,789
4,355,375,379
7,308.632,287
5.500,193,230
+
8,950,489
+ 21.8
32,968,104
.7,918,141
5,940,310
358,617,262
Francisco
84,013,632
35,860,055
City
2.855,364
75,162,873
Pasadena-
'7,629,528
—
,
Francisco—
86,669,795
—,
California—Long Beach
San
,
Reserve District- -San
Oregon—Portland
8.1
—
295,279,992
Eleventh Federal Reserve District—Dallas-
San Jose
9,700,110
«
*~327,650,386
.
Texas—Austin———.,
Utah—Salt Lake
8,442,904,402
York
(12
4.7
1,812,327
1,134,079
Rochester
Total
10,608,184
65,053,000
Jamestown
Northern
0.3
3,998,777
71,966,456
.
.
7,803,063
217,128,382.
._i._+
City
Colorado—Colorado Springs——
Pueblo
Twelfth
2,228,332
Elmtra
New
2,863,533,
1,283,502
1,292,305
316,812,652
11,110,651
'Buffalo
.
4,353,113
+*
—
Missouri—Kansas
St.
"
292,863
373,483
82,010,838
'5,038,447
;
Louisiana—Shreveport
York—
Bingham ton
*
316,065
:
Total
New
38,621,208
402,436
7,311,898
Second Federal Reserve
New
4,517,021
107,820,856
5,633,661
—
222,127,639
,
;
+ 28.8
-
3,441,034
4,536,632
—_
Worcester—...
(12
+ 19.2
5,828,300
City—
—
.+
Omaha
.
Connecticut—Hartford
Total
2,073,879
5,812,837
253,982,455
Lincoln
857,330
:
5.3
671,088
New
Total (7 cities)
Hastings
>?>>
1,591,785
Bedford..
Rhode
:
Tenth Federal Reserve District—Kansas
1942
'
New
1,592,334
V
Nebraska—Fremont
1943
or
',
New
+ 13.9
Dakota—Aberdeen—
Helena.
'
1945
Fall
3,864,001
1,335,431
1,610,442
150,012,032
52,654,:<63
3,167,471
detailed statement showing the figures for each city for the
week ended Dec. 22 for four years:
Maine—Bangor..
+ 22.0
Dakota—Fargo_
Montana—Billings
f.
add
now
5.499,614
'+12.1
51,257,568
3,637,387,520
Outside New York City.
We
+ 18.7
153,129.866
62,533,438
^
North
362,286,838
13,943,097,632
5,500,193,230
Ill cities
Total
5,102,031
171,513,413
Minneapolis—
South
12th San Francisco
P
+
493,674,788
f-
•'
—
Missouri—St. Louis..
195,991,369
523,643,259
"
—
99,630,529
•'
$
338,927,215
"
10
5th Richmond
4,263,333'
'161.759 ]
>
1942
$
686;880,772
>
•
39,218,000
Rockford.
721,462,175
"
4th Cleveland
39,152,873,
3,858,775
—
"Tllinois—-Bioommgton___—r
Chicago;
L
316,812,652
8,030,280,532
"
349,341
1,500,000
37,832,478
.
y
w,
:> Sioux City__—
.,
;•
368,321,681
—
—17.2
1,006,483
Decatur-
1.0
500,446,260
>
1,860,133
2,398.008
3,744,857
' 282,653
+ 17.5
Vti- '
,
.
523,643,259
-
Iowa—CefJar Rapids—
In the Kansas
1943
Dec. %
$
495,446,260
12 cities
65,000.000
,
88,100,000
+-
45,578,578
54,226,162
4.2 >
.5,759,947
>>■..
2,237,689
4.9
+
2,096,903
•
3,412,578
Bend—
Total
Inc. or
1944
$
Districts
+
62,439,730
"
24,916,975
..
3.0
6.7+
6,372.465
Terre Haute
SUMMARY OF BANK CLEARINGS
^Federal
-
6,435,100
Reserve District—Chicago-
Springfield
/ 1st Boston
+
325,143
.
195,991,369
,
:13,303,681 +
43,123,570
145,100,000
+19.0
+11.5- ,+
45,912,324
+
102,072,189
Wisconsin—Milwaukee-
improvement of 31.6%, in the St. .Louis .Reserve
furnish a summary by Federal Reserve Districts:
we
>
>
"
■
..
Indianapolis—
Peoria..
following
:
(10 cities)
South
15.2% but in the San Francisco Reserve Distirct there is a decrease of 2.5%.
In the
.
4,769,925
Indiana—Fort Wayne
totals
increase of 3.0% and in the Dallas Reserve District
an
0.6>+ >258,892,082
3,043,974
-
Grand Rapids
Lansing—
___+
Des
or
j
r
17,742,040
+.
"2,200,000
Seventh Federal
In the Chicago
and in the. Minneapolis JReserye District of 14.3%.
District of J7.7%
+
.V; 191,500,000
Michigan—Ann Arbor—.—.
and in
but in the Richmond Reserve District the
Reserve District the totals show an
31,818,630
3,248,237
Mississippi—Vicksburg^——
District
Reserve
gain of 0.6% and in the Atlanta Reserve District of 6.1%.
a
98,311,800
32 647,043
'•
76,385,620
.v-.,
the totals
2, 246,443
135, 934,513
197,300.000
Louisiana—New Orleans
tjiat in the New York District (including this city) the totals are larger
Philadelphia
0.3
0.3
the cities
group
by 11.1% but in the Boston Reserve District the totals are smaller by 1.0%
the
+
+ 12.4
>
51,173,157 "
£
Mobile—
according to the Federal Reserve Districts in which they are located and from this
it appears
58,796,837
1,602,355:
+
336,785,201
:
65,059.096
gain of 2.0%, the bank
increase of 11.6%.
an
4,525,000
81, 329,561
2,836,787
46,243,247
t 21,115.892
•
—
Alabama—Birmingham-
ings for the whole country having amounted to $13,943,097,632 against $12,960,455,485
in the
936,744
"''5 720,000
:
4.9
Reserve District—Atlanta-*-
Florida—Jacksonville——
increase of 7.6%, the aggregate of clear¬
was an
—
174,269,503
-
51,989,838
Augusta.:
present further below,
we
567,948,766'
'
174,765.206
^
338,927,215
Georgia—Atlanta^
able to give the final and complete results of the week previous—the week
"Vve are
1,956,871
014,412
'9.1
+
7,558,000
104,247,424
2.845.943
.„
—
Nashville..,
has to be estimated.
cases
;
Macon
;
12,535,50t»
+ 17.6
1,630,240
>
99,164.696
Tennessee—Knoxville
not available at time of going to press.
are
Accordingly, in the above the last day of the week in all
;;
Columbia—Washington-
(6 cities)
Sixth
the week
as
>1,917,527
8,244,000
_:
Carolina-—Charleston
Total
issue of next week.
17,277,100
24.5
"
fc:
"Estimated.
our
201,131,573
v
Complete and exact details for the week covered by the foregoing will
in
1
Maryland—Baltimore:.—'—
District
•v
201,394,073
Federal Reserve District—Richmond-
West
>;,+':.,+
$8,470,204,800
2,071,320,856
—
one day
2,941,967,
94,657,437>
3.0
.
>'f
1,729,393,921
Richmond-
+
•;
—10.2
■
C»
'
.114,344,741
v
"
Pennsylvania—Pittsburgh
—
+
•
3,354,894
5.6
—
20, 045,600
"
>
2.4
—
.145. 366,150
Fifth
Cleveland
4, 948,072
■
137,207,041
...
—10.3
108,730,123
»•
Cincinnati—,1
5.6
+
"155,000,000
———-—->—■—+-•»
Ohio—Canton
3.4
+
139,100,000
236,268,000"
,
141,124,892
137,800,000
—
6.9
—
—
3,637,387,520
!
162
Volume
3231
FINANCIAL CHRONICLE
THE. COMMERCIAL &
Number., 4451
*
Foreign Exchange Rales
r/z/rz/'xyz-v/z
Inland
Bank is
cer¬
•
t
■/•••• '
«.%
ifones
£;'r"
•
0111 c i a U
•
Canada; dollar—
«f
-
~
,
\ .251247*
<"'■
3.214113
'
'
;022833 .1 '
/
-
■
.7'
-Vf- - ^7
_
"
•
'
.
■
-.000602*
■QBQG02*
•
.569800*
.060602*.,.".
•
'
;
V
Newfoundland, dojlar^—r
.060602*
.051802*
.051802*
.904583
Pree——
Peoples
.569800*
Prairie
Uruguay, peso—•'
Controlled ___—-—/////Z--/-
4.033750
4.033750
.008410
Noncontrolled
'
*
.008410
•
.379327
Shell
.909090
.909090
Utah Power & Lt. Co.
.904375
.903750
3.227000
3.227000
,
.562900* '
bonds,
Welsbach
thousands
(In
'
j"
/v,
>,•
.562900*
$70,000,000 at all reporting member banks, and de¬
$20,000,000* Iri-the San Francisco District.
■
;A summary of the assets and liabilities of reporting
member, banks follows:
*' ;V:\ , %y'::
;•
Dec.
.
.1;,,. Assets— •
'/
r
fund fbr F.;;R.
Redemption
;
notes
; ;
800,371
—(
cash
loans
»
U.
Govt, securities:
s.
■
.
;
'
F.
8,167,461
+
Bank
-
*
+
24
+4,972,168
+368,508
+
500,463
+
banks—-—
2~207
+
+
•
—" 2,47 >
Obligations guaranteed by U. S.
41,035
Other
"
—201.012
-
.+
.;
4,648,724
.
^
-
24,736,391
v,/„
Treasurer—gen/
15,657,673
acct.
items—■*.,
i2,781
;*- '
'ij.
—
37,974
Capital Accounts—..
(Section 13b)^___ —
capital accounts—
-
•' /
■
;
Surplus
• ;
+
Debits
r
1,668,030
:
2,350
..trial loans
*
44,810
preferred and
'
6.6%
2,004
' >• 120
and issue—
Atlantic Doast Line RR.—
Condition Statement of Member Banks
Company
statement of weekly reporting member
•
the
deposits adjusted and a decrease of $611,000,000
United States Government deposits.
mand
industrial,
Commercial,
and
agricultural
creased in nearly all districts, the principal
loans
in:
in¬
Page
——
•
declined $108,000,000; loans to brokers and
carrying other securities in¬
creased $69,000,000; all of these changes were largely in
1961
purpose
3 V2
.2638
3070
*
'
*
2644
.
gen.
mtge.
bonds
5%
certificates of indebtedness increased <
$31,000,000.
Holdings of United States Government
bonds increased $52,000,000 in the San Francisco District
and $84,000,000 at all reporting member banks.
Hold¬
ings of "other securities" increased $57,000,000.
Demand deposits adjusted increased $252,000,000 in
New York City, $77,000,000 in the Chicago District, $63,000,000 in the San Francisco District, $57,000,000 in the
2824
3121
l._'_
and $593,000,000 at all reporting mem¬
United States Government deposits declined
Boston District,
in most of the
districts.
Borrowings increased
\
$96,000,000 in New York City
1st
&
lst
2812
3068
2636
3
3069
series A
Power jC0.—
Gas
Natural
1
2814
1
1
2639
2639
31
1
1
1
debentures due 1979—Jan
2
—
Georgia Southern & Florida Ry. second
Goodall-Sanford, Inc. ..3 £2% debentures
2817
2817
Corp.—
'
,
pfd. stock
due 1056
2519
3071'
*
2817
2
—Jan
—Jan.
2815-
,
2817
1.
2642,
2148
income debentures
ser. A,
due 1966
—Jan
Kankakee Water Co. 1st mtge. 4Vis, ser. A, due 1959—Jan
Kansas City Southern, Ry, 3% secured notes due 19461949
—Jan
Texarkana & Fort Smith Ry.
1st mtge. 5ya%
bonds,
5%
Henry C. Lytton & Co.,
Nashville
&
Unified
(P.
Merchants
2644
1
1
2644
2149
Jan. 1, *46
460
2819
2396
Feb
mtge. bonds, ser, A-Jan
1
RR.:—
1937Jan 1
preferred stock
;——Jan 1
Fire Assurance Co. of N. Y. pfd. stock—..Feb
1
Pictures Corp., 5ya% conv. preferred stock-Jan 15
Ltd.
Plan
Corp.
Collateral
gold
prior lien bonds dated
4'/2%
&
R.)
>
• ■
1
——
bonds due I960-.
4%
mtge.
McCormick's
Mallory
2943
2143
2819
."—/
1950—-—
Lehigh Coal & Navigation Co., cons.
Louisville
3074
1
—
due
A,
3073
'
.
lst mtge. 4y4S,
Consol. Telephone Co.,
series
.1513
1513
2271
Feb 15
Jan 21
bonds due 1955
15-year 4%
mortgage
Co., Inc.,
2151
3077
America—
of
notes,
& July y.. ;
Jan 1
of 1929 due Apr., 1946—Apr
1
of
ser.
»
Collateral gold notes,
ser.
1929 due Jan.
1516
1516
Dairy Products Corp.—
National
debentures due I960—————Jan
Nebraska-Iowa Packing Co.—
14
3077
jserial bonds—
Jan
preferred stock———_——Jan
Drydock Co. 55 convertible
1
2
3078
2647
preferred stock
———
——Jan
Telephone Co., ref. mtge. 35/4% bonds, ser. B,
31
3»/4%
lst
mortgage and lease collateral
Meter Co. 8%
Neptune
Newport News Shipbuilding &
New York
due
1967
:
:
—
lst
Lockport &
New
Northern
lst
York Utilities,
ref.
7%
bonds,
&
lien
ref. 6%
bonds,
Pacific
due
B,
Oklahoma
Pr.
ret
Ry.
&
2047
&
Telephone
Ref.
due 1955——Apr
pfd. stocks—.—Jan
Inc.—
series A, ,due
5%
6%
3078
2397
1
2822
1946—.—Any time
Any time
bonds,
2822
A, 1948—Feb
1
1517
2822
B, due 1966——Apr
1
'46
3
2187
———Jan. 1, '46
1st mtge. 5s, ser.
,
Telegraph Co.—
mortgage
and
1
series B, due 1947
improv. mtge. 6%
—
Water Co.
&
2647
'
2020
Ontario Power Co.—
&
lien
lst
Northern
,
-Jan. 1, '46
——
mtge. & ref. 5% bonds, series A,
Car Corp., $6 A & B
bonds due
1
2187
1
3079
1
Mar
1962——-—
3080
2685
2823
Philadelphia Transportation Co.—
lst & ref.
3%%
Power & Light- Co, 4ls%
1
2
1967—Jan
1
4ya % gen. mtge. gold bonds, series, E, due 1977—July 1, '47
3%% gen, mtge. bond bonds, series I, due 1967—Jan. 1, *46 Green
(Daniel)
Co. preferred stock
j
:
Jan 1
Holsum Baking Co., 1st mortgage 5s due 1956
—Jan 1
bonds, series A,
preferred stock
preferred stock—
mtge. 4%
due 1969———Feb
—Dec 31
Jan 1
Reading Co. Jersey Central coll. trust 4s due 1951—Apr. 1, '46
Rhebem Theatres Corp., lst mtge. 5s due 1951
__Jan 15
Rheem Manufacturing Co., 3%%
debentures—
Dec 31
Salmon River Power Co. lst mtge. 5s, due 1952—^
Feb 1
Schenley-Distillers Corp. 5'/a% pfd. stock
———Dec 31
Schenlev Stores Corp., 5J/2% preferred stock
Dec 31
Sioux City Gas & Electric Co., 1st mtge. 4s due 1966—Jan 14
Pittston
Pond's
,__Jan
Duquesne Natural Gas Co.. gen. & ref. mtge. 7s_—_-_Jan
Empire Gas & Fuel Co.. 3J3% debentures due 1962Feb
Florida
Jan
stock—Jan
3J/4% bonds, series B, due 1966-—-Apr. 1,
Pennsylvania, Ohio & Detroit RR. lst & ref. mtge.
bonds, series B, C and D——
—
—Jan
Philadelphia Rapid Transit Co.—
1
1985
1949—^
Pacific
Co.— ■ •
bonds; series E, due 1069
—-Feb
First mtg'e.
bonds, series G. due 1974——*_Feb
Columbus & Southern Ohio Electric Co.—
•
:
1st mortgage 314s due 1970
1
Dec
Detroit Edison Co., gen. & ref. 4% mtge. bonds, ser. F,. .
due
5Vas,
mortgage
30S8
Union" Terminal
Firs4, mtge.
3071
3071
—
Corp.— - '
series A, due
2634
3V2S series M, due 1972
Jan
& Western Indiana RR.—
>
ref. mtge. 4V'4% bonds, series D, due 1962——Mar
Cincinnati
1
1
/
series A
7% preferred stock
Inc.,
1
.1st and general mortgage
Chicago
-+-7
2515
1
1
'46
Central Maine
.
I
■
Jan
Jan
collat. trust , income bonds,
..
Jan
'
Jan
Jan
'46
Jail
1st mtge. bonds, due 1952
Refunding mtge. 3y»% bonds, series
—
:
•
bonds. due 1951
Georgia Southern & Florida Ry. first preferred
Great Northern Ry. gen. mtge. 3y»s, ser. I, due
series
due
conv.
Buycrus-Erie
ings of Treasury
& Co.,
2822
5V2% bonds, series A, dye 1947-1955_Jan
Co. preferred stock
—
Apr 1,
&
mtge.
1st mtge.
eon v-
-6%
2815
* '
1958-————Feb"*"!*"" 2815
North American
Brainard Steel Corp.—
of Treasury notes de-t
$69,000,000 and $38,000,000, respectively, and hold¬
Holdings of Treasury bills and
ber banks.
(John J.)
'•
Corp.-^
Avdue
General Steel Castings
Niagara,
Bolivia Ry.—
New York City.
Electric
series
Jan
——•
1951
2815
1
3% -6%
**«*■
2822
Irrigating Ditch Co.—,
debenture bonds due to
cb
2635
.2635
Page
Date
Corp.
—
Bessemer
for purchasing or
2635
redemption
.partial
Company and Issue—
Writing Paper
American
1
_Jan
Jan
Feb
———
1946
50-year bonds
__1—I—
-—
$113,000,000.
Loans to brokers and deal- 'V
ers for purchasing-or carrying United States Government
obligations declined $103,000,000 and other loans for the
clined
Felin
Morris
—
increases be¬
ber banks was
same
-
,/./ Date
/
Carolina RR: 2nd mtge. 5%
&
1946
2815
3071
series due 1957—Jan
"A" and "B"
6%
bonds,
gold
&
Gas
Monogram
tender
————
ing $44,000,000 in New York City and $25,000,000 in the
Chicago District; the total increase at all reporting mem¬
dealers
.
of
_-______Dec 31
Washington & Vandemere RR/lst mtge. 4V2S due 1947 Dec 31
Wilmington & Newbern RR.-1st.mtge. 4s due 1947—Dec 31
Chesebrough Building Co. 1st mtge. 6% gold loan ctfa*.
;
due 1948
————
—
-Jan 2
Cleveland & Pittsburgh1 RR. gen. mtge. bonds
—/
Dec 31
Howard Stores Corp., 5 W-fo preferred stock—--Jan 21
International Utilities Corp., $3.50 preferred stock——Jan 26
Kansas City Southern Ry,v 1st mtge.-3s due 1950-,
Dec .31
Oregon RR. & Navigation Co. 4% consol. mtge. bonds
due 1946 —
—
Any time
Oregon Short Line RR. consol.. 1st mtge. 5%
bonds
due
1946
z.
—Any time
St. Joseph & Grand Island Ry.
1st mtge. 4% bonds
due 1947
—Any time
Syracuse Lighting Co., 1st mtge. 5s due 1S51
—--Dec 31
due
Federal Reserve System in 101 leading
cities shows the following principal changes for the
week ended Dec. 19: An increase of $593,000,000 in de¬
of
notices
;
—-Dec 31
stocks
Mar 15
—.——
called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
'
+4,648,724
2815
2815
—
stocks called for redemption,
common
1
>.
Co.—
gold bonds,
Eastern Car Co., Ltd.,
Illinois
those
including
& Gas
T»Up.
Houston
l^t of corporate bonds, notes,
Below will be found a
Norfolk
The condition
18,443
::?^-:Si%':|yl/-:;Notices
40,051
/-
banks
except
accounts,
accounts
S.. Gov't
Redemption Galls and Sinking Fund
.
.
deposit
U.
2639
v
.
—
1962
due
debentures,
Cuban
Hub,
13,722
r.
*.+•;;,
.
and
281
:+;.'; 9 4
709
200
•
70
1,269
+
22
+
+
21
+
Electric
trust
lst
geld
of
+
129,343
+
+
dematxd
ta
Interbank
2,870
+ 2,494
—611
10,863
2813
1'
—Jan
:
•
Co.— ,,
series B, due 1946—
debentures,
trust
5%
+1,693
1,154
during week
+4.549,936
175,336
+
843
228,153
.•'/-/—■
27,165
153,0o3 vy/ + ^. ?,112;
44,850,651 ' ' —201,012
accts,-'
certificate re/
serves to deposit '-and F. R.v/y/''V'y
note llabilitles combined__/
/!' ' 4l.V^;/-'//——^■/ ^^3 rr'/
Commitments to make Indus- '//,
346,928
—
•
16,192
1 2813
preferred stock
Continental
246
+
//- V
——
Foreign banks
*■ ' 27,891 /:
+
230,940
Tctal liabilities & cap.
Ratio
298,012
+
20,702
593
2142
Jan
1 '
;
Co.—
stock
Emporium Capwell Co.—
4ya % preference stock,
9,292
due
series A
preferred
series
952
+
328
1,639,055
+
45
—
first
Collateral
""+• —413
y.
1
!_Jan 15
-Feb
1
1969
—
bonds, series of 1974—
bonds
mtge. 3%%
Collateral
200
601
.
+
2812
Jan
—
collat. tr. bonds due 1960
4ya%
trust
preferred stock,
5.56%
5,139
+
ref.
Consolidated
.
Domestic banks
v
—
-203.967
44.266.42-)
-
Capitaa paid in
1——
Surplus (Section 7)———-Other
+
+
.
—o08,973
+ •
875
1,378,553
divs.—
Othef liabs., inci, ^iccrd.
liabilities-
+ 3,011,040
73,191
—248,256*
+ 480.470
"+' 19,423 /
—
418,880
18,138,704
Deferred availability
Total
863.435*
w
V
^—i
deposits
Total
'
V. 1,198.710
acct._.
Foreign
Other;
+
*
bank—reserve
Member
i,-
..
Reserve notes—
V: •'U. 8.
:a
+7+7'
Liabilities—
Deposits:/
Vi'
.
adjusted—
—i—Z—
Q. S. Government deposits^—
Interbank deposits^..
Demand deposits
series)
Compo Shoe Machinery Corp., conv. preferred
937
—
Pacific Ry.
Series B
271
.
3,323""—"*=F'"""57""
/.+ 200
2,525
1387
1
Corp.—
($2.00
Community Water Service
358
2
lime deposits—
Federal
38
•
+
84"
banks
Liabilities—
...
/.
.
FederaJ Reserve Banks
Balances with domestic
44,850,651
•
w
+
10,237
2810
2810
-
Jan. 1,'46
Burlington & Guincy RR.—
collateral
and
6'/©
11
—
31
.+
Government
Loan
stock
Columbus & Southern Ohio Electric
Gastrin
)
assets
+
/■
+
17
+
14
securltles_/__/-^r-i-i:^/_r_//_/_/„_'
Reserve with
."•715
+
—*69
9,078
—
;
Cincinnati Gas «te Electric Co.—
36
+
■:
2
26,555
premises;
Total
of indebtedness
'
38
98
10
1st
926
+
+
11,218
Treasury notes
86,566 -
—694,671-"
+
5
—
1,962
—
——Dec 31
———
Dec 31
Creek RR.—
Canadian
186
+
1,699
.—
————
Industrial
preference
Chicago,
$5
26
133.595
B
Buffalo
442
+
—108
442
96
Treasury certificates
5,307,652
111
series
Inc.—
Co..
A
debentures,
2009
——_Dec 31
preferred stock-
Electric
&
series
Prior
carrying:
1,091
Treasury bills
+
69
+
2,589
Works
Water
F«g«
Date
debentures,
Beneficial
747
+
—103
901
Loans to banks
-Other loans
330,637
+113
1,893
Real estate loans
2993
Jan
Atlanta. Birmingham & Coast RR. 5% pfd. stock
.
obligations
1
J
and Issue—
Colortype Co., 5%
3'/ay©
Other securities
551,422
296,534
946,892
24.036.572.
-
U. S. Government
/
3,435,321
+
1
—
Other loans for purchasing or
—
Other a saets
'
3,925
3122
!Zl_Feb
Z.
Engineering & Management Corp.—
trust 5%
10-year bonds due 1953
5%
v
pur¬
to
Other securities
1,281,952
+
52,000
of other banks/—
notes
Uncollected itema
**
,
R.
339,409
.
217
316,508
2,119,650
and securities--*
foreign
from
Due
securities
S. Govt,
Total loans
,
+
—L'——
Total U.
;
12,802,569
^
/
—
2^)38
'
Certificates '^1—L———
Bonds
+
;
+
industrial, and agricultural
brokers and dealers for
chasing or carrying:
; * * ;/
U. 8. Government obligations
16,982
<
—
132,172
—
Bills'
J.,
•
+
492,027
68
7,241
Loans
2863
1
!
1970—
••••
$
■+
15,952
Investments—total.
Commercial,
604,156
—
9,351
—
206,774
.v
advances/-—
Industrial
-r
•
-
_—
and
1945
68,102
Loans—total
*
gold: itf. reserves-—-
Total
Discounts
Loans and
192,644
+ 7
15
'
—
17,862,936
Dec. 12,
$
Aisets—
v-
796,800
4,985 ' '
+
Decrease (
Dec. 19,
1945
;
*
Other
1944
2
lst mt»e- 33/"% series A bonds due 1965—
Dec 31
2812
-) Sine*
Buffalo General Electric Co.—
V i.'- v
Dec. 20,
Gen. & ref. mtge. 4'/2% bonds, series B, due 1981—.-Feb 1
3068
I944'
Buffalo Niagara Electric Corp.—
$•
V"; <*en. & ref. mortgage series C bonds, due 1967—Jan 17
3068
+ 8 221
Gen- & ref" mortgage series D bonds, duo; 1968—Jan 17
3068
+ 2 807
Butte Electric & Power Co. lst mtge. 6s due 1951
Any time 2142
•;
Canadian International Paper Co., lst mtge. 6s, 1949__Jan
1
2813
'
'
5,000
17,062,565
Gold certificates
i
1945
2686
1
( + i or
vr'Increase
■'/••T.
Dec. 27,
Dec. 19,
26,
1945
•
3%%
'
series A, due
6%
'
(In millions of dollars)
V. '■«.7.
due
——Jan
bonds, due 1968—Jan
1
1st mtge.
entire issues called
clined
of dollars)
"■//,
*-.'V v.. r ' ;. Increase (+) or ,;
,
' -Decrease (—) Since-
debentures
2ya%
15-year
—
.562900*
.
7 .*■■;•. -7
.
bonds,
5%
Collateral
v
and
•
3080
2312
3118
3118
——
mtge.
•
•
.658300*
American
Combined
Corp.
——
2% %
-
.658300*
.562900*
"y
.
Oil
1st
Washington Terminal Co.—
•
4.005000
4.005000
4.005000
-.658300*
6yas due 1954
Power Co.
Union
Company
Reserve Banks
'
.301215
7
-
1957—Jan
A,
ser.
3.227000
;; /
12 federal
5s,
2519
3311
1
1
Jan
1st mtge.
Ca
.205800
Holiday
American
Statement of Condition of the
-
.379327
'•
.
1st mortgage
r
—
*
2IB7
% bonds, series F,
Chien-Marquette Bridge Co.—
Salmon River
rate."
•Nominal
1
1
*
.205800
.205800
-.909090//
// :
JV ;
Feb
1966-Jan
;
Water & Gas
du
2822
"■
(Wis.)—
1985
1
.301215
'
.379327
.658300*
.562900*•
Jan
-
Feb 15
1952/—Feb
1
Schulco Co., Inc., guaranteed 6% bonds, issue B
Jan 15
Shell Union Oil Corp., 2%% debentures dut 1961——Jan 15
/-
r-
,
4.oo5ooo
v:1
.658300*
/
due
2821
'
Ltd.—
1956
due
mortgage 3'Ais due 1964
.906250
: *
3.227000
•4.005000/'
3075
28ly
2821
Pennsylvania RR. gen. mtge. 3
Africa, pound-
of South
8
Inc.
Pacific Gas & Elec. Co. 1st & ref. 3%s, ser. I, due
.909090
.903750
3.227000
Zealand^ pound///--*-—//.
1st
t
.
.301215
!
.379327
-
preferred stock—Jan
Co.,
4%s
mortgage
.569800*
';'
-
.
".909090
'
'/v .909090
Casket
Northern States Power Co.
.7/;f
.020176
•
Union
.060602*
1st
1954
'
■,
A
2149
.903750
.301215
■
2819
1
Newfoundland Light & Power Co.,
*
.906875
4.033750
+>/;205800
I/'/.'379327*
Official—————--r—New
.022833
.909090
^
j
.020176
/
•
^.205800 "•
Z
<-r
-
;r).301215 ■;" V
Mexico, peso-i_„_-_j:^———--Netherlands, guilder—
>•■■■■;
.022833
7.
.
•»
3.214113
.569800*
: 4.033750
f .020176
.—/_——
franc—
1
1
—
lo»year mtge. ootids uuted ajj i
Jan
1
$7 preferred stock./
—Dec 31
New York, Chicago & St. Louis RR.—
Refunding mortgage 3%% bonds,-series D, due 1975—Jan
1
-
.251247*
3.214113
•
.
series A, due 194§
Jan
<fc*Paper Co., Ltd., 1st mtge. 5yas
_•
—Jan
Superior District Power Co., 5%
;906250.
:
,
: ';569800*
•
"i 4.033750 %
'
(British),, rupee————
India
%
Co.— -
Service
6s,
1961
.909090;
/
•
Colombia,. peso——England,. pound -.sterling-/;
:Fr»nce;
; v
Public
Mccormick's Ltd.. 4%
.297733*
.
3074
2644
John Power
National
..'^7; / Holiday
.051802*
;906250
'•
907187
1~
/
.051802*
(1909090
f909090
Offlei*!—
h Free
■
,
.
Dec. 27
.251247*
•/'";.
2943
1
2
Jan
pfd. stock,, series B__Jan
mortgage bonds.due-1947
5%
Laughlin Steel Corp. 5%
mortgage
due
-
.297733*
',
.297733*;,' : ~ v
'7•.I- ; .251247* y--. "•
3.214113 '3.214113
;022833
V ; 73 - .022833
;
1
-
York
' «
•
-
cruzeiro—:
Brazil,,
.297733*
'.297733* K
.',>• .251247* \r"
'
T.
—
1st
Lake
I •;.»
Australia, pound-—
Belgium, franco---.
&
Kewanee
Lake St.
Dec. 26
Dec. 25
v
.'.»•* a-,.,. •
Jan 10
F, due 1961
scr.
and' refunding
1st
Value in United States Money
.
•"■
'
v''
"•
Official//-/---'—-4,—
Rate lor Cable Transfers In New
Noon Buying
•
•
.
'Dec.;22':' t ■' .-.'V'De.cjf.-24'j-
-v>i.•'V^D&r. 21'
■a-";
•
+•
-
•'
.•
.
Unit.
Country and Monetary
4ttgeAtltia, pesOrr-i.
1945, INCLUSIVE
1945 TO DEC. 27,
21,
DEC.
Co.—
3s,
.Ixiternatfonal. Paper Co.—*
r
.
•
Steel
,,,lst mtge.
cable transfers in the different countries of the
-i.
Dec 31
1st & ref. mtge. bonds due 1950—Jan
1
Indiana Service Corp.
requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve
now
tifying daily to the Secretary of the'
the buying- rate fot
'world r We give'belowa record for the week just passed:
>,
\
/
/.//—
t»v-irroTvwna^ ;ftTifiii!POT.' -rank/to treasury under tariff act of 1930
■iff FOREIGN EXCHANGE RATES CERTIFIED BY ^FEDERAEj RBBERVEBANKTO TREASURY UNDER TARIFF ACT OF 1930
Pursuant to the
Page
2016
2149
Date
Company and Issue—
Griess-P/Jeger Tanning Co., convertible Income deb
Co.
Southern
6f©
and
California Water Co.—
5% preferred stocks
Sterchi Bros. Stores, Inc.—
$<7 cumulative first preferred
5%
:
Extract Co.,
non-cumulative second
'*
'
—
stock
preferred stock
—
—
1678
^
v
3118
2519
2824
2686
3118
3119
"
4
3119
Jan 15
?120
Jan 15
3120
Jan
THE COMMERCIAL & FINANCIAL
3232
CHRONICLE
Monday, December 31, 1945
""
Date
Company and Issue—
Bell
Southwestern
Telephone
& ref,
Brink's,
J.520
1930
2399
Burry Biscuit
2862
Butler
1930
mtge. 3%
1st & ref. mtge. 3 Va %
Power & Light Co.—
Texas
'
.
,
,
2687
,
gold debenture bonds, series A, due 2022
July
Inc., prior preference stock-—————Feb
United Aircraft Products, Inc.—
1, 47
1
6%
Textron
Byers
C.
"
W.
6%.
preferred
2313
pfd.
(quar.)
(1927
California
Cigar-Whelan Stores Corp. $5 preferred stock—Jan
United Light & Rys. Co. 5VacA debentures due 1952—.Mar
Utah Radio Products Co. iVa% convertible debentures
due
1954
Elec.
-—;—
Power
Co.,
Oil
2688
Carolina
Clinchfield
3122
Case
1
2689
Chase
Jan
^
The
2193
2993
in
Announcement
161,
1 In Volume
this issue.
6V0
&
t
Philadelphia,
Conn
on
Co.
•••••
...
Per Share
or Per
;
Jersey Ship Building Corp., 1st preferred
Coreless Golf Ball Co., cumulative preferred———-
50
Hess-Ives
540
Hess-Ives
Co.,
common——
Corporation,
Corporation,
of
Electrol
05
Ball
Golf
Coreless
50
$30 lot
$100)--—
(par
N. E.
.
.
$50 flat
Transacted by R. L. Day & Co.,
Dec.' 26:
Boston, on Wednesday,
.V"/:
,
stocks
Pioneer
1,000
Guardian
60
Coal
100
H.
Mines
Pioche
300
Oil
&
Co.
Mines
Como
(old.)
Co.,
($5
&
Co.,
Inc.
Inc.,.
($2Va
28
Estate
Real
Western
($5
par)—
Smack
Corp., 7%
25
The
26
Security Building Corp., Lynn ($100 par)
American Tissue Mills, preferred
($100 par)
8
1,000
14
Mining &
($100 par)-.
.7
6
$5,000
•
March
dated
Note
W.
Thomas
1943
10;
Rogers
Bond
Share
&
Ry. Co.,
par)—_——
Trading
Corp.,
Products
Laboratories,
Northern Metals, Ltd.—
($1
com.
12,500
Pioneer Petroleum
700
110
16
Arrowhead
Tuzapan
Corp.,
6'c
Shares,
Inc.,
pari;
($1
Dravo
Co.,
Irt,__
Power
Co.,
Northern
1-5
12-24
1-
2
12-24
12-29
12-26
6%
L. )
1-25
1-15
1-10
7%
1-10
12-24
$1.50
1-
12-20
—
"
(year-end)—-
Co.
£
1-
2
4
,
Class
;
Oil
Early & Daniel Co.
Oil
4-10
?20c
Co.,
;
Ely &
50c
12-21
12-20
10c
1-
5
5
1-25
25c
2-11
1-10
25c
3-
1
2-15
12-31
12-26
1-10
2
Firemen's
Insurance
Georgetown
—-
(San Fran.)-
Co.
of
Washington 6:
(s-a)———i—„
C.)
(D.
Tire
Rubber
&
■"
Wood
Gar
&
4(2%
$250 lot
_
$10 lot
($50 par) ; 10 National
($100 par)
$25 lot
DIVIDENDS
Industries.
conv.
General
Inc..
preferred
Oil
American
convertible
General
%
Co.
1-21
'
1-
9
50c
12-24
12-26
1-15
12-31
10c
2-15
1-18
2-15
1-18
U 2
12-20
5c
1-15
1-
25c
5-25
5-10
30c
_
5-25
which
follow with
second table in
a
show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
we
ord of
past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
(s-a)
i.—
Mills,
Inc
Co.
Art
—
"5-10
37V2C
(quar,)——.—
Brothers
(stock
%
dividend)—.————
2-
1
60c
—
1-
2
Glatfelter
(P.
5%
H.),
preferred
(quar.)^
Graham-Paige Motors Corp.—
5%
disss A preferred < quar.)-—
Great
■
50%
Acme
Aluminum
Alabama
Fuel
Extra
1
preferred
Guarantee
: '•
Extra
1-25
8%
of
Co.
Gas
America
North
?;
(quar.)
1-10
Sl^e
—_
30c
12-17
Paper. 7% preferred (accum.)___
Asphalt Roof
(quar.)
1-18
■'
Bosch
American
Can
Co.
(year-end)
(quar.)__
Co.
12-17
12-27
1-
12-17
2
12-22
1-15
12-31
1-15
*
—30c
American
1
12-27
$1.75
20c
—
Extra
2-
20c
12-31
50c
1-18
1-
75c
—————
2-15
1-24
3
American
Fidelity & Casualty (Richmond) —
Quarterly ' —______—-J.-—,_"W',13c>-'
American-La Frahce-Foamite Corp.—
:
'
Year-end
American
Safety Razor Corp. (quar.)
Steamship Co. (year-end)—
American
Constable
Associated
Corp.
Telephone
1-15
12-27
l-
3
12-20
—10c
3-30
3-11
$10c
1-31
1-
9
—_—9c
(interim)
(quar.)
Anglo-Iranian Oil
Arnold
1-18
12-28
12-26
12-
6
x.
25c
——
(extra)__;
.
1- 2
50c
"
1-18
*
i-
Badger Paint & Hardware Stores
Porcelain Steel—
22V2C
2- 1
25c
2-1
$2
___
______
1-2
'
1-15
.
-1-25
12-15
50c
1- 2
12-24
8%c
(quar.);—
1- 2
12-12
Baltimore
7%
(quar.)—
preferred
Bathurst
Power
&
Paper
class A
Telephone Co. of Pa
Beneficial Industrial Loan
Bell
Biltmore
Hats,
Ltd.
$25c
(quar.)—
(year-end)
30c
(quar.)
7%
,
7%
Boston
Fund, Inc.
Bower (Roller
1-
7
12-31
12-17
$1.12V2
1- 2
$3.50
,<quar.)
"3-12
50c
(year-end)
Bearing Co
1-15
$1.75
$3.50
(quar.)—:—
Bridgeport Hydraulic
1-22
1-15
12-31
C.).
Boston Edison Co.
1-31
12-31
40c
(quar.)—
1% 1st preferred (accum.)
1st preferred (accum;)— _
1st preferred (accum.)
(H,
1
$15c
(Ala>
l?obbs~MerriU, AVz% preferred (quar.)_;
Bohack
3-
12-31
$2
_,
Birmingham Fire Insurance
$4
Creek
Coal
participating
preferred
1-15
>
Ch^coiate
Com;,
preferred
conv.
3-
&
12-31
12-28
12-20
12-28
'
-
1-28
1- 7
.3-8
-35c- :
1-15
12-31:'
12-
6
2-
1
2-
1
2-
1
1-15
-.2-
1
1-15..
(quar.).10c
1-
preferred
—
30c
1-31
1-
1-
(quar.)
common
2-15
75c
—
~r~
■
f
^
I
■
8
'>*£■'
12-31
12-21
12-31
12-21
^
S3'
12-21
25c
1-
15c
•
1-15
$1 75
Powder
Co.. 5%
pfd.
(Edward)
Hines
Lumber
,
(quar.)
: $125
.^._I_.I:..%...I_IIIH
preferred
Paper,
v*'
Tobin
6%
pfd..
com.
1-
2
12-26
12-10
3-10
12-28
1-
12-22
7%
Co.
(extra)-—
50c
Development (quar.)__
Home Telephone & Telegraph (Ft. Wayne, Ind.)
Quarterly,
HoWard Stores. 5^%
preferred-:
Holly
(H. c.)
Life Assurance
Imperial
of
1-15
lc
i
$1
12-27
Chemical, $3 pfd. (quar.)
Products, 6 % conv. ■ preferred
Mining &, Development—^
Gas
&
Steel
International Ocean Telegraph Co.
75c
2c
(quar.)
2
12-29
'
1-31
12-31
12-15
2
Investors
Mortgage (Bridgeport, Conn.)—
Quarterly
Extra
;
————
Mutual.
Inc.
25c
-
—
!
(year-end)_,
14c
preferred
Co.
Lane
(extra)—
Lytton
&
Tire
(s-a)—
(Henry C.)
(George)
2-
1
1-31
pfd.
1-31
1-12
1-
(quar.)
1-25
1-
11-
8
8
2
2
12-20
12-29
12-22
56y4c
1-15
1
1-15
2-
2-
1
1-17
$6
1
& Co
i
2-
$2
2nd pfd.' (quar.)—-I-
2-
50c
75c
1-
2
12-20
1
(quar.)^
(quar.)-:
-
1-30
1-15
$1.75
1- 2
12-20
i- 2"r
12-20
*
———
$1.*75 *
12-22
1-
4
12-27
1-
3
12-27
12-22
2
12-22
1-28
12-31
(year-end)
3c
(quar.f.v.^......^.^
$1.50
(quar.)
1-15
.12%c
32-26
.
common...."
56V4c
,
Co.
11-
70c
1-
5
12-15
2
2
12-21
12-20
25c
1-2
12-14
75c
,
(Omaha)_..
12-31
12-21
(year-end65c
1-
12-24
1-
25c
2
2
12-24
12-24
12-15
55c
12-31
12-15
25c
12-31
12-26
25c
12-31
12-21
50e
12-31
12-21
50c
12-31
12-21
Participating
12y?c
S. Hoffman Machinery Corp.—
5va %
convertible preferred (quar.683/ic
U. S. Industrial Chemicals (quar.)..
:
25c
1-31
Income
Light
U.
S.
Cold
8% pfd.-1 accum.) \ f
$3
(year-endI. $1.40
Fund
Fund
&
,
(year-end^ *
Railwa.vs____"....._i_^_..
Storage Corp.,
Extra
4%
common.,
L.;
partic. prior preference
(quar.)......
12-21
U.
Extra
U.
S.
3%
'
prior
preferred
Pictures
.
Weatherhead
Weeden
&
1
2-
1
1-12
1-
50c
(accum.).!
& Machine
Co., $5 preferred
1-31
1-15
1-19
■
1
(quar.)..
1-15
1-15
(quar.).
1
6-
1
6-
1
5-15
1-
2
12-20
50c
2-15
5-15
(quar.$1.23
1-15
1-15
12-31
1-
12-20
pfd. (accum.)
(quar.)
Suburban Electric
(quarJ
2
2
1-
2
12-17
1-15
12-31
*
preferred (accum.
Worcester
$1,12'"
1-
2-20
30c-
pfd. (quar.),
(Alexander & James) Ltd.—1st
$5.50
$1.82
Class A pfd.
Worsted
.
3-
" $1
6%
Wisconsin Gas & Electric, 4Va%
Wyandotte
$125
$1.25
Co., $6 preferred
Electric, 6%
5
$2.*50
;
Company
Western Insur. Securities,
Wilson &
1-21
2-
25c
' $1,083
1
(quar.)_____:
Waterbury-Farrell Fdy.
7%
2-1
Rubber Reclaiming Co.—•
Washington Ry. & Elec., 5% pfd.
5%
preferred (quar.)
5% preferred (semi-annual)—
Wico
.
75c
;
...
Universal
Wood
20c
.
2
1-3
1-15
& Sons—
preferred
preferred
12-26
20c
(quar.)
Taylor, 8%
7% —1st.
6
$1.50
prypograph, $6 preferred--
Mabbett
1-
10c
—
Lord
•2nd
4Vz%
Bryant, Inc.,
12-26
15c
Superior District Power
Extra
2
$1.25
Lafayette Fire Insur, (New Orleans)
Lake
1-
100%
(quar.)
Creamery
1-15
1-
1-
(Nevada)
Washington (D. C.) Gas Light; $3 preferred
—
5%
12-31
$3
preferred (accum.)—
Kayser (Julius) & Co. (stock dividend)
Kellogg Switchboard & Supply, common
Knuiisen
1-21
2-28
12-15
40c
Term, Cold Storage,
Bond
12-18
25c
preferred (accum.)
Johnson Stephens
& Shinkle Shoe
(quar.)
Kansas City Structural Steel—•
6%
12-18
12-31
-
$15
1%
Jeannette Glass.
12-31
25c
; 1- 2
4
Yards
United
"
1-
$1.50
12-28
1-21
$1
1^-31
Union
12-22
•
2
7
3-1
12-28
2
Union
12-31
1-
1-
1-
preferred
United
2
1-
?%c
Indiana
Inspiration
1-
2
$1.50
(N. J.) Banking (quar.,).^
Manufacturing Co (quar.).;........"
12-22'
3-10
1-
2
12-24
ioc
Stock
1-21
$$3.75
Indiana
Co..
Sulphur
Special
1-
2
1-15
60c
(quar.)
Union
12-31
1-
75c
25c
..
Trenton
<
(quar.)-
$5.5G
50c
Union
<Sj Co.
Canada
12-19
1-10
.
2
'
$"604
12-19
1-10
_k___
12-28
'
12-29
50c
....
(quar.)
12-20
30.c
$1 75
.
1-15
1-25
1-21
1-
Manufacturing
United
—
(The.) See Lytton
1-15
1-
12-21
1-.21
10c
Trailmobile
1
12-28
12-23
((jiuar.$1.75
preferred
$2.25
1-19
25c
Towle
4
2
.1-2
(year-end;
....
common
2-
1-15
12-28
12-31
12-27
85c
.
."v"'
Packing Co.,
1-25
1-25
1-10
1-20
30c
%
(quar.....
2-15
2-
1-19
$1
(Cal.)
Light
2-15
70c
2-11
$1.75
(quar.)
Corp.
Gas
Tonopah Mining Co.
$1.25
—
4
12-15
ioc
-
Ice. CI. A (vear-end;
Gas, $6 pfd. A (accum.)
Natural
1-25
25c
___—
4'
1-
12-27
"
gQC
(year-end)
Process,
$1.25
(quar.)—
12-21
4
1-15
'si
(quar,)...__c—15c
Extra
,
1-25
>■
12-18
.r.-
,
w
(quar.)
2-15
$1
1-17
2
ioc
■■
(quar.)
Terre Haute Malleable & Mfg.
(quar,):
1-3
12-20
2-14
10c
:
Mill—
New England
Taunton
12-22
1-31
93 "c
——
12-20
12-31
y
25c
$1
(quar.i.
preferred
6%
12-22
2
1-15
•
Cotton
Co.
1-15
12-31
$1.25'
•
Taylor-Colquitt Co.
$1.25
—
5%
1-10
3-20
6
12-24
412,bC
Manufacturing
Corp._".y"\,:-,- vf %
Wholesale Phosphate & Acid Works •'
Scrathmoie Paper Co., common
(quar.).^
Co.—
(quar.)
Co., new commonpreferred (quar.)—
Higbee
Ludlow
97c
12-
50c
Spicer
12-20
2
2-15
12-24
SS'-jC
iquar.)
River
Franklin
Super Mold
1-
*
2-15
25c
Standard
Insur-
rate reduced from 6% to 5% Nov. 15th.
Hibbard Spencer & Barlett Co. (year-end)
1
50c
,
1
Bleachery & Dye Work
Southern
Div.
Lee Rubber
1- 5
2-15 a' 2- 1
2-1
12-31
1
41 >/4c
is-a
preferred
Southwest
12-31
1-15
——„——
(quar.)
Hercules
7
Ltd.—
Co.
Dan
Finance
Southern
12-14
$$1.50
50c
Inspection
Co.. commoii (quar.)——
Investors
preferred (quar.)."
:
Atlas Plywood Corp. (quar.)__,
Attleboro Gas Light (quar.)
1-15
3-
(quar.)..
.....
&
'
50c
(quar.)
(quar.)——
non-cum.
Hershev
Hub
50c
—
12-31
$8
Ampco Metal, Inc.
(year-end)„—.
Anglo-Huronian,
Ltd.
Apollo Steel Co.
1-10
50c
—
1-10
12-31
3-
.....III""
common
Advance. Bag &
preferred1
'7%
1-20
1
7
1-19
si.50
"
of Rec.
27y3c
—'———i—-—20c
Albemarle
American
2-
1-15
12-15
12-
1-15
SlBT's
—
preferred
...
Southern
12-21
2
——_
(quar,)-—
common
Boiler
Steam
1-
1
2
50c
Ltd, (interim$30c
Manufacturing (year-end ) .....HII
$150
7%,
1-30
-
——
Iron——-J——————:
&
(quar. 1
Southern
1-10
$$2.50
Co.,
preferred
Hartford
3s4%
Holdert
1-
Mines,
Smyth
12-20
1-25
$1.25
——L,—
.
Hartford
Hecht
Payable
2-
12-22
Coloradlb^—~
of
$1
Share
,
Alloys—
convertible
$1.10
Co.
Falls Machine
Sigma
2-15
12-26
20c
Seneca
1-10
'
1-14
1-16
si 25
(quar!)
pfd.
12-13
12-22
$2.50
j
(quar.)—
prgforred
"
Name of Company
■
12-15
1-31
$1
'
'
5ya%
5
ig'-28
12-22
$1.06
preferred (year-endi„.
Island Insurance (quar.i
7%
Lakes Engineering Works.."-—
5%
When
2
Investment Co. of St. Louis—'-....1^
5% preferred
iquar.t
'
$1 25
Seeger Sunbeam < quar. )_-"--..i.^.^%II
'
Per
2
1-
35c
—
Shasta Water Co.
30c
(.Initial)
!
preferredMquar.)————
Hatfield-Campbell
Industrial and Miscellaneous Companies
1-
1-
12-20
>
Securities
2
S1.121"
common
$4.50
40C
;
1-10
50c
pfd. (initial quar.)
Washington Insurance
conv.
Seaboard
''
(quar.»„"
declared.
The dividends announced this week are:
12-28
$4
Orleans;—
(monthly?.....
(monthly 1
'
we
(New
.
1-
12-31
$1
1-15
'
/
*
1
12-17
12-17
75c
Royal
5
15c
—
(quar.)._
common
preferred B <s-a)
New
Then
(s-a
12-21
12-21
30c
(George D.) Corp
:
Typewriter Co.. common
(quar.>1.1
7%
preferred (quar.)
Sanborn Map Co. (quar.i
...III
Schenley Distillers Corp
~
Schuylkill Valley Nav.. a* RR,
(s-alHIIIIII'
12-24
2
56»4C
common
of Texas-—
Corp.,
preferred A
Gimbel
are
week.
12-27
25c
50c
Insur.
...
(quar.)„i._
preferred
Finance
Gibson
grouped in two separate tables.
In the
bring together all the dividends announced the
current
12-31
$1.50
s-a 1
.....
6"f
preferred
1-
10c
Manufacturing Co.—
———^
Bag & Paper Mills (year-end?—.
Fyr-Fyter Co., class A
4--'.
:
General
we
12-31
Roper
70c
50c
——
Fulton
6%
first
12-31
1-15
•
(monthly)
Extra
8
12-31
40c
Riverside
Fuller
,
5 'r
Dividends
Telegraph
(quar.)
Electric Power,
1-
l-i9
$1.25
(s-a)„.^_.~~I
preferred
.......
1
:.v
'
Non-cum.
"
Firestone
12-24
2-
1-19
t
$11 lot
$11 lot
12-28
$1
"
preferred
Rhode
13—31
12-24
5Qc
.....
preferred
5%
12-21
1—4'5'"','^
12-28
.
Reading Company (quar.i
Realty Mtge Co. 1 Birmingham)
_i_—
Fund Insurance
;
$1
25c
Insurance
5%
preferred
Ralston Steel Car.,
25c
1-
12-15
75c
1-12
—
" ~
6%
12-21
8c
1- 2
(s-a)
Y.)
V<
•
12-21
1-
35c
12-19
(year-end
Common
12-20
;
12-31
$$1.75
iquar,ij_
Special
12-20
1-2
(quar.).
12-26
(increased
Fire
Public Service
1-2
J
America
J.)
(N.
2
37 V2 c
Goods (quar.)———;
Insurance
12-31 '
1-
12-31
L——_
2
$1 31 «/4
com.
preferred
6%
55c
—
Steel——
Equity Trust Shares in
:
1-15
1-
(Minn.)—
Inc.
Providence
1-15
lrl5
50c
1
Brewing. $3.50 pfd. (accum.).!"
Cine., Chicugo & St. Louis (s-a;
Gas Light Co., common
(vear-end;
Potomac
12-31
-
Si.75
:
Corp. '1—L——
"Walker Dry
1
2-1
50c
(quar.)——„——
Stainless
Eastern
Electrolux
$5
1-15
1
3-
:
;
common—
2-
+75c
2-
......^^........1.
Telephone (year-end)
American, Life
Portland
12-10
12-22
50c
Pittsburgh
12-31
12-31
1
Pittsburgh
1-20
$37(2c
:
—
r,
10-10
12-31
1-20
2-
il.l2Vz'
Atlantic
<fe
12-31
12-31
1
12-28
1-20
80c
(accum.)
Chemical,
12-11
1-10
25c
-
B
(increasedi
Industries (resumed
&
12-22
•
371/2'c
.
'
Power
5
12-21
......30c
(Del.)—
Pennsylvania Pwr., 4'/4%
Perry Fay Co._^..._.
,
50c
(initial)
(quar.)—^
1-4
i< 7-10 A
(N.
2
1-
12-27
Parke Davis <S: Co.
(year-end30c
Peaslee Oaulbert Corp.. 5%
pfd. (ouar.:
$1.25
Penney (J. C.) Co. (stock dividend )._.._
200%
12-29
20c
"
(year-end)
(quar.)—
preferred
40c
(quar.)^..^.^;"
Co.
1-
1-15
$1.25
•
(quar.i_«
(quar.).
Semi-annual
2
9
1-
25c
■
preferred
(s-a"^
RR.
(accum.)
Bell
1-15
'
Ry.
States
Old Dominion
Orpheum Co.,
i
12-29
1-10
"ft 25c
—
——
1-
1-15
1-15
25c
,
—
preferred
12-23
'
•
Telegraph Co.
Power
preferred
preferred
Noxema
12-31
12(30
—
Pacific
States
preferred
$5
l"i
65c
:
(quar.)—
Shoe Co.
12-20
1-10
...^
Northwestern
40c
.
common
(quar.)—
preference (quar.)—__
(quar.)——
preference
2
4—it-V
'
Northern
1 :
4-
$1.75
(quar.)—
5—
;
Special":1
—
Producing
12-24
'
($1 par); '
Vaportron
200
Yarg
1-
5
1-
75c
Ltd.,
redeemable
(W,
$1.50
*——i—„
6%
com.
common
Telephone
Corp;, 4%
Federal
cents par);
(25
common
160
•Northern
5
common——
i_
Warehouse
Fabrics,
1st
Eason
Muir
par)——
Jewett City Textile Novelty Co.
Electric
de
—-
common;
($1
Corp.
&
Blumberg
19
(new)
Corp.,
12-19
1-15
$1.50
—
^
State
Douglas
10c
par)--
————
common
Petroleum
common
Refining
332
Co.,
50
A;
par).
($1
1-10
-—" $25016t
______ _
common
Inc.
Extra
10c
__T_—_—
River
Firemar.s
47
12-19
25c
*"
Revair Corp.'' ($1
12-27
$1.75
Cohn
&
12-24
12-31
1-
f621/2c
Products
Mutual
$1.50
25c
$98
payable 5 months after to
signed by
Revair
Corp.
and
Quarterly
Quarterly
.
7%'
($100
Co.
(Alfred)
2
1-14
(s-a»$1.25
common
12-24
1-
S0c
Carbon
1
12-28
12-27
(accum.)$$6
(quar.)
5c
(Bait.)—■
Fire Insurance
Quarterly
_
$82
—
York
Niagara
12-20
Pan
Second
—
1
1-15
2
$1.75
Co.,
RR.
1-
12-20
2
$3.50
(s-a)
Shops (Del.).:
Ltd.. 7% preferred
(Wm.j
Pacific
.Dominion
$37 lot
$89
10c
$3 lot
New
1-15
1-31
1-
" 30c
1-2
Diamond
Insurance Co. ($100 par)——$250
pari————$29Va
National
Drug Co., preferred——.
$40
Champion International Co.
($100 par)
J!
j.—— $170
Wharf
Lewis
1-31
$25c
.
12-14
Detroit
Loyal Protective Life
100
/
Northern
Mexican
Neilson
12-14
$4 lot
($100
preferred
12-11
1-15
$3 lot
—
—
par)-—.——.___
Mexican Northern Mining & Ry. Co., com. ($1 par)-—
2,785
12-27
(quar.).
12-31
$1 lot
common
Trustees
Shirt
1-
50c
(Cleveland) "extra?"* v
Distillers
National
12-31
$1 lot
pari——
Mayflower-Old Colony Copper Co. ($25 par); 50 North
Butte Mining Co. ($2»/3 par)—
100
National
$25c
^
12-24
$1.50
I
(quar.)-.
(quar.)
&
1
$1.20
(quar.)»
12-24
12-31
2-
$1.50
(year-end.
Company
(initial),.A
City Bank of New York (increased T
1-2
(quar.)
Refining Co.,
Nav.
Power,
12-31
12-24
12-31
preferred
Port
" 25c
$35 lot
par).
Consolidated,
Per Lot
pari
common
($1
(new)
Mallinson
R.
Co.
Petroleum
1,500
or
:
A
A
(quar.)
&
States
preferred
$1.50
Per Share
1
.
5%
4-12"
1
vtc.
Carbon
$1
Electric,
Telephone
Decker
Shares
Mount
Mountain
6"
preferred (quar.)—-- $1.50
Cudahy Packing Co., common (quar.)—^0c
:
4Vafc preferred (quar.),
$1.12(a
Cypress Abbey Co. (s-a)—
:
3c
Dayton Rubber Mfg. Co. (stock dividend)
100%
Percent
.
1st 3s 1948_——-i-
15th and Spruce,
Corner
5-
Common
(year-end)"
' ""
com.
class
class A
Monumental Radio Co.
1-11*
1
Bank
" 25c
(year-end)—
Goods
preferred
2-
1-10
Plan
$3
preferred
Hill
6%
1st
Loan Society,
Muter
preferred
Products
Cuban
BONDS
$5,000
12-20
40c
——
common
Class
Dry
prior
7%
2
12-31
1-
7%
2
1-15
62Vac
,v—25c
(quar.)
Mine
1-
-
$1
Ltd.
Monroe
a
Creamery Package Mfg. (quar.),
Credit Utility Banking. Class B (quar.);
Crowley Milner, $3 prior preferred (s-a)
$11 lot
——
preferred
on
Moil's,
&
(quar.)
_!
(s-a?
Co.
Cement,
A
l-"
r
-
Associates—
Petroleum
Warer
Creek
.
12-26
;
preferred* < quar.)
Corn
$35 lot
——
common-—
Inc.,
now
Mill
Morris
1-21
;
Ltd.,
Continental Gas &
$1 lot
—_—
preferred
Maryland,
'
Middlesex
.
1-2
$1.25
$2.50
'
_
Portland
States
r.;
;
Corp
preferred
Middle
.12-31
12-31
6%
"
,
of lie*.
2-1
$1.50
preferred
RR.
Rubber
Service
.^Medusa
12-31
1-31
&
Tire
\
•
-
National
common
preferred
7'ic
1-15
2
1-13
"
1
1-
J18"c
$$1.50
quar.)
are
(Boston)
:
C.)
Consolidated
Lot
$40
$30 lot
Penn
240
above
7'"
r
.
STOCKS
Shares
600
(increased
67o
Wednesday, Dec. 26:
2-
75c
f$5
$1.50
(quar.)—
(quar.)
(quar.)_,;_.
Co.
Mills,'
(G.
12-31
*
Collingwocd Terminals. Ltd., com. (year-end)
Preference (year-end )
Collyer Insulated Wire (quar.)
Lofland,
&
12-31
1-21
(quar.)—..,.
Ry.
Master
12-31
1-21
40c
Loan
Columbia
". 1-21
(quar.)
shown
Common
Barnes
by
$L75
:$1.50
.
(Daniel)
Collateral
12-31
Vaiiey
Material
•
(quar.)
Utilities
participating
Ma&sawippi
1-12
•
(quar.)
5%
.
12-22
..
50c
Ohio
Brainard
Bank
payments
Cohen
2-1
10y2c
—-
Massachusetts
12-26
12-26
*.
Hoiaert
Payable
...
—$1.06V*''
A "(quar.)
RR.—
v
....
pre.erred
When
share
& Co.—
preferred
n.ior
12-21
2
12-29
H.)
Maine Central
5
12-29
$1.75
preferred.,—
quarterly basis.
'■
Chicago & Southern Air Lines
Auction Sales
Transacted
(Torontoi
&
Transit
National
Quarterly
■
Club, Inc., 1st' mtge. 6s, due 1973 Jan
1
Co., Inc., preferred stock—
—.——Feb 20
Wilson <fc
Co..
Lockwood
Charleston
Hills Gold
pfd...
$3
1-
19c
(quar.)__
Assurance
,
bonds
—
1-
50c
SI.50
Conveiters, Class A (initial quar.)
Fairbanks-Morse, 6'/e pfd. (quar.)
Canfield
refv mtge. 3VaS, series A,
Ry. 1st &
Western Maryland
Wheatley
•
———— ——
Canadian
Life
Jan 19
Washington Gas Light Co., $5 preferred stock
Disinfecting Co., 1st mtge. & collat. 33/*%,
1958
Canadian
2862
4
1
—E>ec 31
—--——
West
due
3121
2688
Jan 10
convertible preferred stock—
5Vs %
Canada
4.Vi%
,
1-17
$1.50
u«_'—
series)
,
United
l *'
1
Liquidating Co.
(liquidating).———
California Oregon Power, 7% pfd. (quar;)-_
12490
2-
2-
preferred
2191
1-17
40c
Name of Company
,
(R.
Macy
'
t$1.5G
_
Corp., 75c prior pfd. (quar.)_
Manufacturing Co., common....
...
(quar.)
(A. M.) Co., 7ft. pfd. (quar.)-^
6%
_
1
2-
$$1.50
Per
Rec.
12-12
12-22 :
$5
(quar.) {>
r'
tamoie
Share
Inc.
(year-end)
:
British Columbia Telephone 6% pfd,
6% prior preferred (quar.)
Brooklyn Union Gas Co. (quar.)
Co.—"
bonds, series C, due 1968——Jan 1, '46
bonds, series B, due 1964—Jun 1, '46
Square D Co., 5% cumulative convertible pfd. stock—Dec 31
Syracuse Gas Co., 1st mtge. 5% bonds due 1946
Anytime'
Terminal RR. Association of St. Louis—
General mtge. ref. 4s, due 1953—
—
__Jan
i
Texas City Terminal Ry. 1st mtge. 4 % bonds, series A_Jan 24
1st
Name of Company
2824
due 1968_Dec 31
Southern Pacific RR. 1st ref. mtge, 4s due 1955—...Jan. 1, '46
Southern Colorado Power Co. 1st mtge. bonds
Homer »
wnen
rer
Page
$$1.75
2-
"
1-15
80c
(year-end)
1
12-26
12-19
20c
.1-31
1-15
Zeigle"Coal <fc Cokfe' (stock dividend)-...... ' ./ 25%
' ~1-
8
'
12-28
Volume
we
_
Argus
4'/2(4
w
Per
■
.
H oUter*
$3
Abraham & Strauss, Inc._—87 Vic
Acadia Atlantic Sugar Refineries, Ltd.—-
1-2
1-25
' *25c
*$3.25
1-2
1- 2
12 Vic
Addressograph-Multigraph Corp. (quar.;
?5c
Aero Supply Manufacturing class A (quar.)
37Vic
Aeronca Aircraft Corp. 56c conv. pfd. (quar.)
13%c
Aetna Casualty & Surety
(Hartford)_—I.
62 Vic
1- 2
Company
$6 pfd.
(s-a)
,
-
Class
Acme
A
partic.
Hat
(quar.)..^ —
pfd. (s-a)__
pfd.
Glove Works,
Adam
Ltd., 6Vift
(Initial)
Inc.
Stores,
u—r--
f
Insurance
Co,
(quar.)
Insurance
^
Aetna-Standard
Affiliated
Engineering, 5ft pfd. (quar.)
Inc. tquar.ti——-
Fund,
(quar.)
Agnew Surpass Shoe Stores 7%. pfd.
(Water(own, N. Y.)
Agricultural Insurance
Quarterly
.< Special--
Ahlberq Bearing, Class A (quar.)
Air
Reduction
Co.
(quar.)
25c
1
Extra
'25c
Brass
Mfg.
Co.->-_^.„
Fisher,
&
Algoma Steel
Allied
Year-end
Allied
12-31
1-1
12-10
BancOhio
*$1.25 7 i. 2-,i 1
*30c
1- 2
75c
.1- 2
4 5c
1- 2
' 25c v 1-15
20c
1-15
1- 3
„
Stores
-4
America, 6ft pfd. (quar.)_
Aluminum Co. of
Alluminum
5%
i
Corp.^
Co. of
preferred
$1.50
Canada, Ltd.—
Amalgamated Electric Corp.,. Ltd
*—_ ■
Amalagamated Leather, Oft conv. pfd. (accum.)
Amalgamated
Sugur. • (quar,,)
Insurance
American
Asphalt
Extra
Roof
1,
—
Alliance
American
(quar.)
Co.
Corp.
ft- '
(quar.)
American
Bakeries
Co.
'
Extra
Note
ftouar.)
4
50c
31 Vic
(increased)-
Co., coin,
,
7 ft'
*
American
-7(4
Can. Co;,
preferred (quar.)__ rpfd. (s-a)
(Reading, Pa.)—!
Pipe Co. "6 4
$1.75
$3
,
•
American'Cigarette^&.Oigar. aj'V'pfd. (quar.)
Power •& Light Corp.—
$1.50
■
i
American Cities
.
"
.ft'
■'.class B stock
or:
12-31
„-r
.
...
"
,5(4
*
<quar.f*w^-l--———
preferred*
American Discount Co;
(quar.)
of ^Georgia
Distilling (initial-.quar.)
—American'District Telegraph, 5(4 pfd.'(quar.)
"American
*•
American European Securities Co.—
'
4
r-u- >"
■
•
2
12-19
1-
2
12-19
25c
1-2
11-30
11-30
12-20
\*v
(initial quar.)
56 Vic
1-15
;; 2- 1
1
2-
1
7 1-15
1-
2
12-22
»"
2-
7c
60c
12-31
12-22
Canadian
$1.25
$1.25
l! 1-2
;vvi-: 2
15c
./1-21
of
of
York
New
Yorktown
tN.
Securities
:ft
Barker
.
30c
1-
2
12-20*
1-
2
12-21
4Va(4
2
preferred
-
(extra)
2
12-20
,.12r»l V
12- 1 <.• 12-14 j
Beatty
Class
(final)
12-31
12-17
12-31
25C
7-7.
1-
1
12-26
12 Vic
——
1-
2
Creek
Beech
>.
'12-15 ( jj
37 Vic
—.
7$1
.
Co.,.
com.
" (quar.)
l-
5ft
1-
$1
-
1-15
.1- 2
i
i
(quar.)—-
Co.
,
—
2
12-10
-1-
2
12-15
12-15
7.,
,".1- 2
..
12-
11-30
7
11-30
•
.
:
Snuff
12-
12-15
12-17
7
6%
preferred (quar.)__„___——L„
American Stamping.
American States Insurance (quar.)
American Stores Co.
(quar.)_^
American
7%■
Refining,
Sugar
com.
12-14
1-14
Boston
12-10
Botany Worsted Mills $1.25 pfd.
1- 2
12-10
Bourjois, Inc.. 5%
1-. 2
1- 2
1- 2
12-31
1-2
1- 2
2- 2
12-10
Bralorne
12-13
Brach
(year-end)-
$1.75
preferred, (quar^).
7
1- 2
112-
".
7*
12-15
preferred (accum.)
American Surety Co„. (s-a)
'
$11.50
$1.25
American Telephone
(Abilene, Kansas)—
(quar.)
preferred
Co.,
Tobacco
American
American
Turf
American
5%
Co.
6(4
Association
Water
Works
preferred (quar.)
Wringer Co.,
$6
preferred
American
&
pfd.
(s-a)__
(quar.)
fyear-end)_
Elec.
Co.,
-
6(4
convertible
-
preferred
(quar.)—
prior
preferred
Amoskeag
Co.,
6ft
Case
•
preferred
preferred
Co.
1- 2
12-10
$i.25
1-10
12-15
1- 2
1?-17
1- 2
12-15
$1.25
2-1-46
$1.50 1-31-46
7
11-30*
—
(initial )_L__7
—
1-2
Ltd.
6(4
6-22
$2.25
12-22
6-22
common..
Pulp
(qunr.)7_
class A
Power,
&
Brooklyn Trust Co.
Brown
Brown
12-24
$1
1- 1
12-24
1-10
12-10»
7%
754
(E.
pfd.
L.)
12-20
2
1-
2
1-
2
1-31
1-31
■*$1.75
1-15
12-17
"*$2
1-2
12-19
*$1.25
-1-* 2
12-19
•
(quar.)——
pref.—_;._—
1
12-31
1- 2
11-20
2-
2ft
•
*30o
"11-38
7*20O
6ft
Central
12-11
1-
2
12-12
1-
2
12-14
1-15
12-22
12-21
3-30-46
3-30
,
1-15
12-20
$32 Vic
1-15
12-20
62 Vic
3-11
2-25
Investment
*25c
Central
New
York
preferred
Central
Paper
Central Patricia Gold
12-14
Central
Republic
Central
States
pfd.
"1-
2
12-15
Central
Soya
1-
2
12-5
2
Stock
Corp.—
3-
1-23
6
1-
2'
1-15
1-15
Certain-teed
12-22
$2
V
2
12-24
1-
2
12-24
6ft
Co.
1-
2
12-20
1-
2
12-20
Chicago
12-31
12-14
Chicago
$1.25
25c
Chicago
2-
1
1-11
1-15
12-31
\%- 2
12-15
37Vic
7; -j$259 %C
87 Vic
12-31
12-10-
$2.50
$1.75
12-31
12-10
5>j
prior
12-31
12-
3
1-
2
12-15
37 VaC
1-
2
12-15
1-
2
12-17
fl-
2
,
12-20
$1.02Vi
1-2
12-20
$1.12Va
1-
2
12-20
$1.25
1-21
12-19
$1.18
1-15
12-31
$1.75
1-
1
12-19
12-10
—
(quar.)
—
(quar.) —
$1.50
1-
1
$1.50
1-
1
12x10
62 Vic
1-
1
12-10
2-
1
•
$1.25
12-31
2
1-10
12-20
12-
3
*3c
1-
1-15
1-3
10c
(quar.)„—
1-2
12-20
—
(year-end)——
for
:—.<
each five
12-30
l
62 Vic
$1.03
$1
4Va%
(initial)———
Daily News, 5ft preferred (quar.)—
Pneumatic Tool Co., com. (quar.) —
preierred
.
15c
Mines
—-—1
Corporation,
1-11
25C
prior preferred
2-14
20c
Corp.
12-17
1
32 Vic
<quar.)__
Utility Co. (year
West
12-17
1-2
2-
end) —
$1.12V'a
preferred (quar.)
$1.50
(quar.)
15C
Chamberlain Co. of America (extra)
—
$1.12Vi
Champion Paper & Fibre, $4.50 pfd. (quar.)
45c
Chemical Bank & Trust Co. (N. Y.)
(quar.)
$3
Cheney Bros, (year end)
*
2!ic
Cherry Rivet Co. (quar.)
j.
•75C
Chesapeake & Ohio Ry. Co.——,—
Central
12-31
12-21
12-17
1
preferred
12-20
2
1-2
25c
Telephone Co., $2.50 pfd. (quar.) —
Central Vermont Public Service Corp.—4.15ft
*40c
1-
12-31
$1.75
'
*$1.50
12- •3
12ViC
Central
8 7o
2
15c
Co., Inc.—
(one share
held)
1-
;
r
dividend
shares
12-13
•'
Corp
Edison
2
50c
—
4% ft
12x13
1-
80c
Inc
12-15
12-14
1-2
1- 2
$1.18%-
(quar.)_
Co.,
12-14
1-
12-14
7:
Power
2
1-15
2
*$1.75
preferred (quar.)preferred (quar.)_i———
$6 preferred
(qpar.)
;
5ft
preferred (quar.)
——
1-
2
12-14
1-
80c
6ft
5ft
2
$1.75
7ft
;
12-17
1-
Co.—
Corp
Power
12-17
12-31
$1.50
—_
Electric & Gas
12-31
1-
12-13
12-31-
5c
$1-50
Y.)—
(N.
Trust
&
Kansas
15c
12-13
5
-
Maine Power Co.—
2-28-46
;
Bank
Central
12 Vic
5
—
(quar.)-.
Central
$1.50
1;1-
———
8
12-21
712-19
22 Vi ft
(quar.)
com.
8
2
•12-10
1
22Vift
f
Co.—
12-
$1
—
Gas
&
(quar.)-—
——
4.10ft preferred A (quar.)—
Central Illinois Light, 4 Va ft
pfd.
Central
12xiO
2
14 1
;• iv 2
60C
(initial quar.)___
12-
2
1-
;-"-$l
$1.25
(year-end)——-
12-31
1-
13-14
5©c
'
.
(quar.)
(quar.)—
common
12-31
1-
12-23
1- -a
'
Common
51.25
(quar.)
(quar.)—-
.
12*19
1-2
.
37 Vic
$1.50
1-2
:
75C
-
----
Products,
Illinois
Central
(quar.)—
—
1
12-10
u
Hanover
12-15
(quar.)
12-
20C
——
_—
Light $5 pfd.
.
preferred
Quarterly
12-21
common
a
1- 2
*37Vie
25C
(year
Co.,
Fibre
2
common
1
1-
—
—
ordinary
Electric
2
Class A—_—-—-
12-
Boxes, Ltd.—•
i
Co.
Preferred A
Central
12-10
$1
(quar.)
2
-
Corp.
1-
Distillers,
(quar.)_
held
-
preferred
12-21
31 Vic
*25c
—
1-
*37 Vic
.
1st
1-
Co.,
preferred
preferred
—
—
—
common
Fence & Wire
prior
12-31
*$1.75
ordinary
I.)
15c
Durrell Co.,
Brown-Forman
Bruce
(quar.)
(quar.)——
Paper
(s-a)
—
—.7—
5(4 preferred
$5
12-31
10c
preferred
Columbia
12-15
1-
'
12-14
2
1-15
$$4
(accum.)_
preferred B
Central
•
12-18
11-30
*$1.50
50c
British
12-14
1-15
1-
*$1.75
—
(quar.)
—
Central-Aguirre Associates (quar.)
::■?
Central Canada Loan & Savings Co.: (quar.)
11-15
933/ic
Inc.,
Co.,
preferred A
partic.
T-15
*150
(quar.)-
of America, common—„
preferred (quar.)——
4
7ft
2nd preferred (quar.)
——.
Celotex Corp. com.
(quar.)—-—
5ft
12-11
(quar.)— __—
Manufacturing
cum.
;
12-17
2
Corp. - 334(4
pfd. (quar.)
British-American Oil Co., Ltd.
(quar.)
British Celanese, Ltd.—
American deposit receipts (final)——
British Columbia Electric Power & Gas Co.,
$2
Ltd.
—:
share
B
(J.
$4.75
12-14
2
$1.37 Vi
(quar.)—
preferred
12-22
12-22
55c
;
-——,—
(quar.)_7_____7™___
(quar.)—
Co., common-——1—
Extra'
Corp.—
(quar.)
(quar.)
Bristol-Myers
Brompton
1-21
$2.25
L,-——
(s-q)—
.
11-30
11-30
*$2
(final)
(quar.)
A
Wirebound
A
Celanese
12-20
$1
—————
America
Brass
cor.v.
1-2
*75c
—
preferred *tquar.) .—r--—
-Cassidy's Ltd. 7ft
preferred- (accum.I Cayuga & Susquehanna RR. Co._————
»
1-
*20c
preferred
of
3
1-2
(s-a).
37 Vac
1-11
12-17
75c
$1.50
(s-a)
Hocking Glass
TCommon (year-end)
Angerman
—
—
Anchor
$4
12-20
—
(quar.)—77—
——•
(new)
3
*25C'
*12VaC
7ft
12-22
;
1-
25c
Brillo
12-31
■
(quar.)
(s-a)
$4.50 preferred (s-a)
$4.50
lr-15
lrl5
12-31
1- 2
75c
common
Extra
Common
5!/2%
$1.25
$2.25
$1.37'/2
12V2c
$1.50
(auar.)
(quar.) 7— i—
class A—
Corp.
Bridgeport
7
Inc.—
Inc
American Zinc Lead & Smelting Co.—
$5
12-
$1.50
25c
American Telephone & Telegraph Co. (quar.)
Thermometer
pfd.
(quar.)—
Thread
1- 2
(spec.)
(quar.)—__
-7-——-v-w-—T—*
Cordage Co., Ltd.—
:
1st
Brewing
com.
—
Common
5"
12-10
,
American
American
12-31
12-20
—u
Carthage Mills, Inc., 6ft*^ pfd. A-(quar.)——
6ft preferred A (quar.)——1—■—
12-22
$5
—_——7—7—
Brantford
$1.30
1st
5%
Class A
8
American Superpower Corp.—
$6
Rubber,
pfd.
Ltd.
& Sons
Brandon Corp.,
Extra
8
12-24
12-
J.)
&
Extra
.12-13
12-
Mines,
(E.
2
10c
12-28
$1.50
—.7-777-7— -—7_;
$3
50c
$1.50
37'/2c
30c
25c
$2
1-
(quar.)——
(s-a)
Shoe
Class
7
12-17
.
S3
•
common
12-
registered (final)——— ■
registered
(final)
Carriers & General Corp. (quar)
*
Class
12-27
,
;
Co.,
12-3
2
(quar.).
Ca-rreras, Ltd.—
-
12-29
r
,
r
A
12-
2
1-
12-15
__—
preferred ki—---:
2
1-
*$2
4%- 1st preferred
12-15
,
$3
1-
*15c
•
—_—
7:.7—L_—:—
Carolina-Power-&
-
1-1-4
,,
Class
12-31
*30c
(quar.)
end)
Capital Administration Co., Ltd.—
$3 preferred A -(-quar.)
Carnation Co.,'common (-$-a)__
12-22
___
Hose
12-14
12-14
3-15
(s-a)——»r_—
t
Class
Cannon
•
5
'
'
Woven
12-31
12-31
Ltd.—
class-A
] Cannon Mills Co.
*
American
12-14
Co., 8ft- preferred
"$1.50» class A
r
12-7
J
1- 2
.
.
1-15
1- 2
12-31
$25c
•
7t$i
.
$1.12l/a
$1.73
A
each
for
,
——...—
—-
Rolling Mill Co., 4V5% pfd. (quar.)
*25c
$4334c
*$1
i—-
■
Packing Co.. (quar.)—7———
Belding Cortlcelli, Ltd., common' (quar.>_.—
7(4
preferred, (quar.)^-—
,_7_—
Bell-Aircraft Corp.—-——
.7——7—777—
Special
Class
Canadian
12-10
1-
$1.06 V4
,,*500
Class A (quar.)——,
*
American Service Co., common____—
12-21
Westinghouse Co., Ltd. (stock
dividend) one-foTtleth share of common
12-15
2
+25c .7,7 1- 2
50c 7... 1- .2
_——
——
.
American
12-21
1-10
Canadian
,
12t10
1-
35c
Beech-Nut
1-15
1-10
+53c
Shipbuilding & Engineering—
12-15
.
2
■
.
12-31
12-10
*20c
Canadian
,
Class -B
1-30
" 35c
•
—
50c
12-10
(quar.)—(quar.)
Pacific Railway>4 ft
"
Co.__
Oil
preferred
$1.50
12-19
1-2
*; 1- 2
.
Insurance
1-
'
-
7 :25c
•
.
*25c
tquar.)—17
preferred
12-20
2
r
.
12-10
-1-
7
$1.37-Vi
,25c
,
3-15
2-28 ,
1- 2
J$1.75
-$1.12)4i
; 1-15
712-31" )
YX1 71-24
(year-end)^-1—*—-".'... 25c .<1- 37/12-20
V
*$2 .7 1-15
Bell' Telephone of Canada (quar.)_
^-American Gas ArElectric^^o pfd. (quar.)
$1.183/4
1- 2
12- 4
t
7" 30c
12-31
Beneficial Industrial. Loan, common
—
American Hair. & Pelt, ^common
■. l2Vac
1- 2
12-20
12-31
62 Vic
$2.50 prior pref. (series 1938)
(quar.)
/ • i• ;Extra-,
; • 25c
: 1- 2,7 12-20 50c
771-19
Best. Foods, .Inc.
7—
;——
6(4 1st preferred-(quar?)—7
$1.50
1- 2
12-20* -) Bethlehem Steel
1- 2
$1.75
Corp., 1% preferred (quar.)
$6 2nd preferred •-(quan.3-777
'
$1.50
1- 2
12-20
1- 2
30c
Bickford's
Inc.—
American Hardware)..(quar.)_»_
25c
1- 2
12- 3
12-31
75c
Pinks Manufacturing Co. (year-end)—
-American Home
Products .(monthly20c 7 2;
12-14*>
1- 2
,$1.75
Birmingham Electric, Co. $7 pfd. (quar.) —
American Ice Co., 6(4 non-cura. pfd.v (lrreg.). ; >
7; $3
? 1-2
11-19 .-V
$1.50 777 1- 2
$6 preferred (quar.)
r—7
■American Investment Co, of Illinois—
' *
' 7
" ',
1- 2
Black hawk-Perry Corp. (s-a) 7-—-—
$1.50
1 3%r ' convertible -preferred- V( quar.)___7i—
•
€2%c 7 • 1- 2
12-15 , "
2-15
20c
Blair & Company—-7—
-7—
7-7—7—
American Light-& Traction;-com. (quar.)
30c
2-1'
1-15
12-31
75c
Bliss & Laughlin, Inc. common (year-end) —
Wo preferred (quar.)_
37Vic
2-1
1-15
12-31
37 Vic
5fo, conv. preferred (quar.)——.——
American
Locomotive
Co.,
common.—^...
35c
1- 2
12-10*
Blumenthal (Sidney) & Co.—
;.
-Year-end
--25c
1- 2
12-10* -j
1- 2
$1.75
7(4. preferred (quaf.)-'!
7——7777—
7(4
preferred
<quar.):^__^
-.7_——
$1.75
1- 2 ' 12-10*
75c 771- 2
Bohn Aluminum & Brass Corp. (quar.)
■American Macjhine & * Metals • (quar.)
—
25c
.12-31
12-10
1- 2
$i.i2y2
Bond Stores, Inc.,
conv. pfd. (quar.)_
American Maize Products, common>(quar.)_
25c
1-15 : *.1- 3
,7
20c '•7;;. 1-16
Borg (Geo. W.) Corp. (initial)—77-7—77.—
American Manufacturing Co.—7
7
,
:
,
• , "
, .
,
40c '..
1-2
Borg-Warner Corp. (quar.)
—.—
New common (initial)
621/2c
12-31
12-15*
12-31
$2.25
Boston & Albany RR. Co
i——,-i
American News
Co.
(bi-monthly)_______—
35c
1-15
•
1- 5 %
1- 2
$1.25
Boston Elevator Ry. Co. (quar.)—__;
Extra,
!•
$1
1-15
1- 5
1- 2
50c
Boston Herald Traveler Corp.
(year-end)
American Optical Co.
(quar.)-—---,-—
40c
1-. 2
12-15
>'
1- 2
$4
Boston Insurance Co. (quar.)—-7-—
American Paper Goods (extia)„__^_*-._—
25c
1- 2 « 12-20
4Viy4 'preferrd-(qqaRl
B
12-15
12-31
^
1-10
*27V'aC
1-
(year-end)-
Canadian
12-20.
-1-1 &-
■
RR.
General
Canadian
1
12-.26
(.rtp.-50-i-
7ft
12-26--
56 Vic
_—
r_
12-26
12-31
,725c
2-
12-10
Investments,
12-26
■
1-10
2-
*$1.25
*50c
,
8
12-10
L
1-15
(quar.)--!—7—
B
1-10
———;
Electric
Indemnity
(quar.)—
Bros., Ltd.,
Class
2-
1-
(quar.)
General
Industries
,7
Creamery
Common
Canadian
Canadian
-(quaE.)——
preferred
.
*37Vac
12-20
1-
quar.)———
Canadian
65©
$4.25
11-30
12-31
12-10
2
Foreign Investment Corp.—
Canadian
-
r
1-
j
(initial
A
12-29
Baystate Corp
Beatrice
Class
Canadian
12-14
■(' $5.50 preferred
(quar.) ---^.74—_T:7_7__77-,
■;»
Bath Iron Works-Corp.—:!—._7_7—_7_——77
5
Bausch L Lomb Optical, common
.»
4(4 preferred (quar.)______7——————
'
12-
*25c
(s-ai—
Products,
1-15
.
/
*$1.25
1-
+30c
Insurance
1-2
Bastlan-Blessing Co.,
12-20
1-21 <;
12-15
Food
25c
■
preferred
6(4
1-10
1-2-
1-
;
.
(year-end)
12-15
*$2
*$1.50
*5c
Common
2
1-
10c
12-20
12-20
(quer.)_
Fire
'
12-19*
1-15
.
1-25
1-15
*10c
Cottons, Ltd., common
preferred
Canadian
'
35c
Baxtgis Broa. ■ Co., conxmon.^
V*'
5*
*15c
*$1.75
*15c
(quar.)—
(year end)
"
Co.
12-
—
Canadian
12-20
1-
7 7'7
(initial quar.)
preferred
■
12,-10
1-
771- 3
$2.50
;
(quar.)————
_—7—7—7.. 7
'
Corp.
2
-—-—
Extra
6ft
,
10c
15c
-
;-V
t
Bros.
Extra
-ft ft
12-31
12-31
1- 2
,1- 2
/ ; 1- 2
Manufacturing
Barcalo.
12-15
5
1-
——>
(quar.)
Celanese, Ltd., com.
+$1.75
——-7—77—7; "7 50c
(s-a)——.
H.) Co. .(extra)
Barber .(W.
12-
—
preferred
Canadian
12-10
17
(quar.)
Canada, Ltd.-y-
of
Ellis
preferred
2
'
12-10
2
Barber Asphalt Corp.
7(4
5
1-
(quar.)_
—
preference
Funding rights
12-1
u- 2
$3.50
Corp.;—
Barber
12-21
12-
—
Car & Foundry, com.
participating preference
$1.75
12-6
1-
Mtge. Guaranty of-Amer.-
12-19*<
12-19
12- 1
12-1
6
$1.50
participating pfd.~ (accum.) ^_y7,^r—.
Bankers Trust Co.
(N. Y.) (quar.)-^7—___
12-20
v- "T Xb'
11
$1.75
(quar.)
Y.)
2
2
*50c-
common
Extra
(quar.)
Y.)
(N.
1-
-
(quar.)—
Participating
$2.10
12-
12-15
2
1-
1-
$1.06 V*
Canadian
.7
1-31
1-31
12-10
2
*$1.3iy4
-
Ltd.,
preference
eonv.
12-31
—
6'4
12-26
(quar.)
Participating
•
1-
$1.25
(Initial quar.)
Ale, Inc.—
(quar.)
Canners,
1st
12-22
Bankers
AmericantPruit«Orowers
American Reserve
5ft
1-15
50c
12 Vic
50c
American'Pork ^fis--Hoev
v
,7
12-15*
*62 Vic
—
;
preferred
Canadian
"
1
2-15
(s-a»
Extra
5ft
,
1-
2-15
Northern
1-15
12-20
^1.50 n; "-1- 2 ;
25c /■-> 1* 2
12VaC .-1-2
10c j. ;1" 2
50c
} 1-31
$1.25 { ,^-15,"
(year-end
preferred
12-31
12-10*
2n 1
36c
vt-A4.50 preferredferles-B (quar.)_.___
$1.12Va
American Export Lines - (quar.)
50c
American '.Expressf.C»,' (quar-)—$1.50
Americah'Feit'COi^6(«» pfd>-(quar.)_____— *. -$1.50
Common
1-
1-10
37 Vic
Power, com, (quar.)
7ft preferred (quar.)..
Canada Permanent Mortgage (quar.).
—
Canada
Southern Railway
(s-a)
Canada Steamship Lines, 5ft pfd. (s-a)_„_
Canadian Breweries, Ltd., com...
Canadian Bronze Co., common
(quar.)—
2
(quar.)
Boiid
•
*(1
$4.25
20c
Corp.
Bankers
.1 American
i-^-American"Crj'StaLSiigari COi^G^ Pfdi (quar.)
American Cyanamld,. common (s-a)x-ww^v-;
10c
7
1
1
Dry Ginger
Canada
12-24
1-12 •
10c
12-10*
1-1:
75c
4
-
12-18
12-18
2-
75C
4Vift
Burlington County Ry.
preference
12-19
1-15
50c
Canada
1-
2
—
12-20
2
1-
12-15
12-31
62>/2C
12-28
7
12-19
$1.32
(quar.)_
1-7
2-1
2
*$1.50
tquar..i_—
com.
12-31
1-
1-
$1
i,quar.)_
50C
&
$1.50
Bank
i
12-18
•
V
1
„
preferred
Corp.,
$2.50
1-
12-14
Co.—
prior preferred
Camden
2
.
Power
Packing
Camp Manufacturing Co. 5ft pfd. (quar.)
Canada Bread Co., 5ft class B (quar.)
$1
2
25c
12-28
*17 Vac
12-15
1-
31 ^40
pfd. (accum.)—'
pfd. tquar.).—
12-20
1-
Corp.—
Bank
12-18
■
(optional)-cash orf ia. sh.,of class B atock
Colortype Co.,' 5 '/i'1 preferred—
-
•
12-31
.
$2.75 class A <Opt;.divj.series of 1936)
h
2
1-
$1.50
2
31
California Water Service
1-2-46
$2.50
2
35c
7
1-
$3.50
$2.50
payment clears all arrears ——
preferred (quar.)
.t_
—
Bangor Hydro-Electric Co., com.
(quar.)
7fo
prfrred
(quar.)
___7__7—__—
6c/o preferred (quar.)
——7—
Bank of Manhattan Co. (increased quar,)_r
12-17
12-20
,
•>—*.% .<■
12-20
5ft
5*4
12-18
"
•
2
Electric
convertible
This
11-30
1- 2
12-31
ft 7
cash-—:—w—.ft-,
68%c In
•
ft)? ft
'
class A (opt.".divr.series) of 1936
Optional dividend-.of 1/16th share of
$2.75
12-28
1-
2
1-
1 ft
Co.
Cement
California
4c.
7"
/•.
1
preferred
$4.50
,12-20
Casualty Co.
2-
5Vift
1-25
(quar.)
Bangor & Aroostook RR., 5(4 preferred—
1- 2
1- 2
,1- 2
-Quarterly._.ft.ft__.ft_.ftft..—?15c
'
,
12-20
American Cqrt Iron
American
1
12-15
(s-aV—ft:—,1—ft—.—ft—7— ' 4 $3.50
preferred
4
2
1-
$2.25 convertible preferred
Avondale Mills, common
12-31
-
12-
3-
40c
25c
B
Caliiornia
12-31
37 ViC
12-18
'
Class
(Hartford)
Aviation
12-
12-14
11-
Butte
preferred (quar.)__
F.) Sons, 6(4
(B.
12-20
25c
6ft- preferred1 (quar.ft-x——..V-75c"J-.2
American Bemberg Corp.; common..
25c 4 ,12-31
American Bank
4
7
Avery
1-15
1-2
1- 2
1- 2
50c
—-
12-
$2
—
12-20
1.
(quar.),—v—~-
\
,
12-31
37 '/2 c
12-15
50c
;
50c
40c
Calgary Power Co., 8ft
$2.50
—,
(quar.)
preferred
Automobile Insurance Co.
7
12-10
19c
——
1-2
1- 21
*$2.50
—
12-10
$1.50
(initial)
7-7-^
Backstay Welt Co._^._.
!—;
—
Baldwin Co., 6%
preferred (quar.)-7r--'^7i.7
25c
—+
(s-a)__
pref.
(quar.
Corp.
1-' 2
1
(Phila.) —
Banking
12-20
12-
2
75C
5ft. conv. pfd. (quar.)
5ft preferred series B (quar.)
Copper & Zinc (year-end)
12-17
Calaveras
$8
12-30
1- 2
1- 2
1-1
1-2
, 12-31
1-1-46
1- 2
12-
1-
(yeaT-end)
common
12-1
$1.25
_______
$1.50
———-
Inc
Corp. 5ft
Products
Thrift
Co.,
12-30
Automatic Fire Alarm Co.
Automobile
2
H.)
tP,
'50c
(quar.)
common
Common
.
Alles
Atlas
12-15
'
preferred (qu8r.)___
(extra) »>—
7%
Plan
12-15
Butler
12-
liquidating)
<
12-28
1-15
10c
Alabama Power, $7 preferred
(quar.) —$1.75
$0 preferred (quar.) <
,.—$1.50
Allegheny & Western Ry; Co. <s-ai
—: v;
$3
Allen Electric,& Equipment
(quar.)_-i—,
2'/2c
Akron
Forge
Drop
12-17
12-20
J 40c
12-28
.
1
12-18
Terminal
12-30
City
12-20
1-15
________
Atlas
12-15
1- 2
4 ".'v./.- 25c •',/1- 2
,} 8%c
1- 2
'7 75c
;
1 *■
12-
50c
Biscuit Corp.—
prior preferred (quar.)
Bldgs. 7% pfd. (accum.) —
Bush Terminal Co., 6<%
preferred tquar.)__
1-
50c
Fire Insurance Co. (quar.) —
Atlantic Refining Co., 4(4 conv. pfd. A (quar.)
11-30
12r
2
4
75c
Bush
10c
preferred (resumed)
2nd
Atlantic
12-17
*20c
——-
Co.,
12-17
'
—
preferred
$2.50
1-10
2
1-
—
1-
$1
($-&)__.
—
Birmingham & Coast 5(4 pfd.____—
Atlanta Laundries, Inc. $2.50 1st preferred-
12-22
1-
1-
*150
(quar.)-
1■'
50c
end»__
12-21
Co.
1-
"r
5938C
Atlanta
■■
12-10
12-20
Burry
1-
11-
15c
f<>
7(4
11-30
—
—*——
w-.,
.,.^r
12-12
Burlington Steel Co.; Ltd.
15c
Atchison,
"11-30
Bullard
12-15
'
preferred (quar.)
Topeka & Santa Pe Ry. Co., com.
5(4- preferred (s-a)
Athol Manufacturing Co.,
common....,;..
5
12-15
1-
/' $3.50
Refining (extra)
Investment
Associates
1-15
2
2
—
!
1*
~
Ashland Oil &
11-30
11-
*15c
(quar.)
Ltd.
Products,
$1.75
Extra.
12-14
Building
$1.50
(accum.)
(quar.);
Corp.
12-31
2
$1.75
831/3 c
*5c
(year-end)
& Hegeman Electric
Construction Co—Zn.
Metal
12-20
,
12-31
1-21
1- 2
,
12-12
Co.- Class 'B—,——-*
preferred
(quar.)___
Equipment Corp., common (year
Asbestos
$1.25
4c
*$1.75
?
Art
12-14
30c
" 40c
;
(quar.)—
(Hartford),
,
2
1—
prior pfd.
conv.
Rubber
Arrow-Hart
12-10
1- 2
1-2
1- 2
1-2
20c ;
Life
Extra
1-
,
—,—
(quar.),.
$6
Co,
&
12-20
12-12
Extra
Aetna
$1.25
1-
$1.50
12-20
2
1-
$1.25
Bucyrus-Erie Co. 7(i
preferrd (quar.)
Bufialo Niagara Electric 5(^ pfd. (initial).-
1-31
43'4V<»
Aro
11-30
40c
1
,
1-15
1- 2
—,
(quar.)_
preferred
Armstrong
2
3-
12-19
1-10
1- 2
2- 1
1- 2
50c
Extra
Aetna
1-
*$1.12 Va
of Reo.
Payable
-
Power
preferred
Armour
1-7
1-15
P.
D.
Abbott Laboratories,,4''#
Abercrombie & fitch Co.
$6
Payable
(liquidating)$8
preferred (quar.)„_i
SI
A.
$7
of Re o
Wnen
•
,
Share
Name of Company
•
54c
'
Edison
Arkansas
Co.—
preierred '(quar.isy.-^—---.—
Brush-Moore Newspaper 6'b pfd. tquar.)
$5
preference (Initial quar.)
Co., $5 pfd. (quar.)___—_
& Light—
conv.
Arizona
Companies
and Miscellaneous
Ltd.—
Corp.,
Share
Name of Company
*
Holder*
When
Per
of Reo.
Payable
Brunswick-Balke-Collender
Anglo National Corp.—'
'
Class
A
final liquidating,; payable
upon
1
surrender of stock certiiicates__——
preceding table.,;
Industrial
Share
Company
Name of
Holder$
When
Per
give the dividends announced in previous
Weeks and not yet paid.
The list does not include divi¬
dends announced this week, these being given in the
Below
3233
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4451
162
com.
preferred
(quar.)
(quar.)
12-17
12-31
12-
1-
2
1-15
3
12-15
1-
5
1-
2
12-30
1-
2
12-30
12-31
12-21
1-1-46
12-12
1-
2
12-15
2-
1
12-31
12-31
12-10
12-
7*
1-
12-
3
$1.25
1-
12-20
50c
1-
12-11
25c
1-
2
62 Vac
1-
3 2-17
75o
1-
12-17
3?34
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
Name 0/ Company
Chicago Title & Trust- Co.
Cbickasha
Cotton
Oil
Share
(increased)
Quarterly v~_
^
Chlllicothe Paper Co. 4?*
pfd.
(quar.)
Christiana Securities, 1% pfd. (quar.X_____
Cincinnati Gas & Electric,
57o
pid._—__
4% preferred (initial)
-
■
$1.12%
Orleans
preferred
5%
New
(quar.)
&
Texas
11-
12-
6
1-
I
Union
Yards
preferred
City
Ice
&
Co.
1-
3
12-18
1-
3
12-18
4-
1
3-18
12-17
2
5-15
Curtis
8-15
(quar.)
2^5
Water
preferred
Radio
12-15
1
Stores
preference
Corp.
Hosiery
(s-a)
(initial)—
Mills
1%
David &
Co.
2
12-29
12-31
12-20
2
6%
conv.
1-
pfd.
12-24
(Alfred) & Cohn (quar.)
Deisel-Wemmer-Gilbert
Corp.—
Extra
1
1-
2
12-20
1-15
12-28
Delaware Power & Light, 4%
25c
1-
8
12-10
1-
12-20
Delaware
50c
2
(quar.)
$1.75
1-15
(quar.)
$1.75
1-
1-
2
Denver
87%C
_
2
12-21
12-31
12-
1-
2
1-
2
2
12-14
1-
2
12-15
1-
2
12-15
1-
12-
2
Faultless
8
$6
Co.,
preferred B
$7
preferred
common
(quar.).
(quar.)
Baking Co. common
Columbia
$1.50
$1
participating
Participating
12-26
12-15
12-29
...
1
1-
2
12-
1
$1.25
______
12-
1-
2
12-
1
2-
1
2
12-20
Devoe
preferred
(final)—
12-15
—
87o
12-20
Fehr
1-
4
12-20
Felin
pfd.
6Vg%
preferred (final)
Combustion Engineering Co. (year-end)
Commercial Alcohols, Ltd., common8% preferred (quar.)__
Commercial Controls class A (s-a)
$1.62
___
Preferred
$2
—....—
Commercial Trust Co.
Trust
(N. J.)
.
12-15
J.i
$6 preferred
(Indianapolis)
2
12-24
1-2
12-24
1-15
12-28
1-
5
12-20
Filtrol
1-
5
12-20
Finance
30c
Extra
.
2
12-
2
$1.50
1-
2
1-
2
10c
;
Connecticut -Gas
Coke
1-2
General
12-12
$$1.50
12-31
12-21
■
»
u
-■
0i rj
Insurance__
Consolidated Bakeries of Canada
■
f"
25c
2
7%
Dow
■
1
-
(quar.)
1-
2
2
12-
2-
1
1-
$20c
50c
12-15
12-
2
12-28
2r
4%% preferred B
Consolidated Grocers
12-
(initial)
5
(s-a)
1-
2
1-
2
1-
$1.50
______
Co.
12-20
2
1%
(St.
$6
convertible
(C. B.)
Co.
2nd
7a
3rd
'67>
Crown
Crown
Louis)
preferred
Crum
Drug
&
Extra
8%
Crum
&
Common A
.
Year
B
8%>
A
12-26
12-31
12-
4
7
1- 2
12-15
1-
12-15
2
1-15
12%c
12-31
87V2c
1-
50c
_
2
12-31
12-21
1st
Froedtert
1-2
12-
1-15
1-15
12-14
75c
$1
1-15
(quar.)___$1,75
7%. preferred
Inc.,
com.
(quar.)
1-
2
1-
Co.
67c
Corp,
(s-a)—z
;
de
Fruit
,
2
2
Grain
of
the
12-31
Fulton
12-15
'
—
.
$62M!C
(quar.)
2-
^
•
.•
■
Trust
Eastern Magnesia Talc
12-15
.1-25
$1.25
*1-15
50c
12-31
!:
1-10
'1
1
5
&
12-20
'.
12-15-
1- 2
1-
12-15
12-14
12-21
1-
2
12-15
$1
1-
2
12-15
1-
2
$2.50
1-
2
12-24
$2
1-
2
12-20
$1.50
1-
2
12-20
(year-end)
.___
$1
12-17
12-31
12-17
$3
.
i.__
12-31
$3
f_
;—
—
12-31
12-17
12-31
12-17
$3
40c
cl.
4-
1
3-15
7-
1
6-15
37%c
10-
50c
$1
135c
1-15
12-18
1-
2
12-20
1-18
12-31
1-
3
12-14
1-
3
12-14
1-
2
12-18
r
-
2%c
-7%C
-.-.'v
preferred
$1.50
A
2
12-22
1\
(quar,).
—4_—_4_w_-
1-
(accum. )—
(quar.)
12-15
-
(N.
(quar.)
Y.)
-
fqua rd
(Julius)f& Co.,
common
5-
(quar.)_
•
4_—
preferred
(quar.;)__--_—4.——
1
.-le
1-
25c
(quar.)
1-
30c
2
1-15
2-
5
12-13
1-
2
—
Shares
1-15
1-
3-30
3-15
Corp.
30c
12-31
12-17
40c
(guar.)
,
—
12-31
12-31
Share
12-31
12-17
WI.<
12-19
.
,
$6
preferred—
12-17
12-17
12-31
12-15
12-15
Utilities
2-
15c
1-
Corp.
Storage
Electrical
preferred
Battery
Products
Extra
Elliott
6%
Co.
(quar.)
(year
Consolidated
end)
(quar.)
2
12-
2
12-
2
12-
J*
1-
'
1-
1-
'
2
12-
1*
1*
1*
1-2
12-22
1-
2
12-1©
2-
1
1-
2
12-15
1-2
12-15
-1-
1-18
2
12-15
1-25"
'
2
2
12-15
1-
2
2-
1
1-
1
12-15
1-
1
12-15
12-10*
,
1-
7
1-
5%
6%
2nd
1st
preferred
Emerson
Drug Co.,
Emerson
preferred
Electric
(quar.)—
pfd.
*
87a
pfd.
Mfg.
7%
Glidden Company, common
4%%
Globe
1-15
12-26*
1-15
12-26*
57a
12-26*
convertible
&
57a
1-15
Rutgers
Corp.,
(quar.)
com.
above payment clears
all
Public
Products
Inc.
Jo.
Class
B
12-21
$4.50
preferred-
1-
2
12-20
Golden
Co,
12-14
12-14
12-20
1-15
F.)
(Ontario)
Co.
1-
pfd.
2-25
12-31
1-
2
$1.50
1-
2
1-
2
12-17
12-20
12-18
12-18
12-18
12-15
62'/2C
(quar.)
—
.
$5 preferred
(quar.)—
1-2
12-10
40c
1-15
12-31
$1.25
12-31
12-17
t63c
12-31
12-
I
t$l-75
12-31
12-
1
$62y?c
—
1-
Extra
57a
5
5
—'—---•—
preferred
(quar.)'.
(s-a)
1-15
1-2
12-22
Gotham
65c
1-
2
12-10
Graham-Paige Motors
1-
2
12-31
'1-2
12-31
$1.60
:
57a
Fair.child Camera & Instrument
1
12-31
12-
1
1
i
(quar.)
2-25
3-
—-
(quai.-)__———^
conv.
(year-end)—
25c
Co.
1
1-2
i5c
preferred
12-11
3-
12-31
—
Goodyear Tire & Rubber Co., of Canada, Ltd.—
Common (quar.)
2
(B.
12-11
$1
—
Telegraph
Brothers, $2.50
State
2
2
(year-end)—_—$1.25
$lJ2ya
(quar.)
1-
1- 2
2
1-
25c
Goodrich
12-31
_
1-
1-
$1.75
12-14
30c
.
(quar.)
Life Insurance
:_4—
—_i—:
2
12%c
12-12
$2.50
1-
$1.37%
$1.50
(quar.)
Stock
&
Goldblatt
'12-20
$1.25
(quar.)__
dividend
67a
Gold
1-2
(quar.)
(quar.)-—.
12-21*
2
^
preferred
A
5
1-
56 %C
(quar.)—
(quar.)___
com.
Class
1-
40c
75c
12-12
arrears.
1-15
Steel, Tubes
75c
$11-2
2
1-10
:$2
_
Globe
(quar.)
1-
40c
Globe-Wernicke, 77o preferred (quar.)—
Godchaux Sugars, Inc.—
—
1
•
1st:preferred (s-a)
2nd preferred (s-a)—*————
The
5
2-
56%c
(interim)_4—
(quar.)
Insurance Co.—
12-15
1-
12-18
12-10
40c
preferred
Fire
12-15
<
12-31
2
25c
12-15
1-
1-
1-25
25c
(quar,)——
2
J
1-15
$1.75
87%c
___
—
1-2
__________
Johnson
(The)
Insurance, common
\V'15c
&
Service, $5 pfd.,
preferred
(quar.)
___■
preferred <quar.)
Stock
Fair
Falls
Extra
12-31
50c
_
_____
Excelsior
12-20
$1
'
$1.75
(quar.)—___
pfd. (quar.)—
Phonograph (quar.)
(N. Y.)
(quar.)
Emporium Capwell Co., common
(quar.)__„
4 % 7a
preferred A
Extra
12-17
2
12-21
-
preferred (quar.)——$1.25;
Glen
■
.___
Empire Trust Co.
57c
2
..
$1.60
,
;
(quar.)—
common
25c
Radio
Eversharp,
1-
1-
62%c
(s-a)_
Common
$6
12-17
$1,
(s-a) —______60c
(s-a)
'
70c
preferred
Evans
12-31
12-17
12-17
12-31
Gillette
12-17
12-17
2
12-15
12-15
2
2
12-15
12-24
2
11-
12-31
2
2
1-
2
2
11-
12-15
12-17
1-
1-
1-2
$5
12-10
1-' 2
1-
——
Razor,
12-10
2
1-15
$6
Safety
12-14
2
1-
$1.50
-
preferred (quar.)„
4—
Georgia RR. & Banking Co. (quar.)——
Gilbert (A. C.J Co., $3.50 pfd. (quar.)—;
8c
2
1-
$1.25
—
$1.50
f
50c
21-
1
2
Gorton-Pew
Grand
12-2$
&
Grant
;
Co.,
Toy, Ltd.
Grandview
1-19
Fisheries
Hosiery
Mines
-
75C
(quar.)—
Inc.
5%
(quar.)_
pfd.
(initial).
—_
A ■(quar.)—-
2
2-
+15c
•
lc
(year-end)
(W. T.) Co., new common
3%7e preferred (quar.)
1-
25c
62'ic
(initial)—
20c
93%o
v
12-20
1-
-
12-14
1-
-
(quar.)——
Georgia Power, $5 preferred
12-15
10c
Company
Endicott
'
7
20c
—
Elmira & Williamsport RR., 7%
Ely & Walker Dry Goods Co.—
Common (year-end
Emerson
2
1-
50c
J
Stop Nut,
:
75c
Year-end
Electric
.;
Year-end.
1-7
1
.
1-
,v
-
-
2-1
$1.16
98%c
(quar.)__.
Electric & Musical
Industries, Ltd.—
12-17
40c
^
!
&
preferred
Electric Household
Ex-Cell-O Corporation
30c
,j—
Bond
$5
2
30c
$2
•
(quar.)
4
12-31
—
$5.50
12-12:
1-
1-21
12-31
12-31
'j Gemrne'r,.Manufacturing Co.—
$3 participating preferred A (quari.)^——_ ;
75c
General Amer. Itwestors, $4,50 pfd.I
(quar.)
$1.12y?/
General Baking Co.,-common_^_—
4444-_4„»"' '
15c
—
V
12-15
1
1-15
,
Engineers
1- 2
2
1-21
.
12-22
2-15
4-15
12-24
2
2-
25c
^"343/8C
? $1.38
12-21
1- 2
$1.50
—
12-17
40c
11-27
2
30c
;
11-27 4
1-10
1-
(quar,)—
V^20c
Extra—:4^4w-w-'4-44-~
•'
$10c
%preferred'(qtiar.)_—$1.25
.
1-15
"1-10
L.... ,20c. ^
'
1-15
1-31
$1
irr
(quar.)
12-15
12-18
25c
.
<
—
r-_
2
2
^8c
.
—
,r
Electric
"
12-31
1-
r
55c
.
j
Co., Inc.—
.
^
9-16
1-31
,
2
43 %c
—
—
:
1-
25c
;
,
(initial)—__—
common
—
Co.
;
$3
.
12-30
4c
1
1-25
?50c
(accum.)—
(quar.)_—__;—75c
General ..Controls Co., common
(quar.*),15c
$1.50
1- 2
12-20 *
Extra
___44l
.4——— w--_-—i4'44i15c
Eastern Massachusetts Street
Ry.—\-:,r
...i
87o preferred (quar.) J
\ 37-%c
6(i
1st preferred
(accum.)_—,
$3.30
'
1- 2 " 12-1
.4 General -Electric ~Co. : <quari)i^i_A-«_4l:i.i.4_ •
40c
Eastern Steamship Lines, Inc.—
General Fireproofing, 7% preferred (quar.)
$1.75
$2
convertible preferred
(quar.)
50c
1- 2 ;r. 12-21
General 'Instrument Corp.. new (inltlal)4,4i • *
' vifici
Eastern Steel Products—
■
;
'v..
General Mills, $5-preferred
(quar.»—c—^4'
$1.25
^
5% conv. preferred (quar.)
:
J
$25c
1- 2
General Motors Corp., $5
preferred (quar.)
$1.25
Eastern Townships Telphone Co.
(quar.)„_
25c
-1-15
12-31
>
General Paint
Corp.—:,v..
Eastman Kodak Co., com. (year-end)——— '
$2.50
1-2
12- 5
$1 -cum. preferred 4initial quaK.)—_44—4 ■:
25c
8% preferred (quarterly)
'
$1.50 - ' 1- 2 j 12- 5
$1 cum. 2nd preferred
(initial quar.)_^_"_y; - 25c
Easy Washing Machine, Ltd., com. (quar.)
$25c
1- 2
12-15
General Printing Ink—Name changed to Sun
"
Extra
;
$15c
1-2
12-15
Chemical Corp.
r
Eaton Paper $3.50 pfd. (s-a)
$1.75
1- 2
12-15
GeneraLProducts Mfg., Ltd., 57a- pfd.-(s-a)
-$$2.50
6% prior preferred (s-a)„—75c
1-2
12-15
General Railway Signal, common (year-end)
"
$1
Economy Grocery Stores (quar.)—
67o
25c
1- 2
12-20
preferred
(quar.)_
$1.50
Ecuadorian Corp., Ltd.,
ordinary—8c
12-31 \ 12-jLO
General Telephone
Corp., $2.50 pfd. <quar,)
62%c
Edison Bros. Stores, Inc.—
•
'
General Time Instrument Corp. com. (quar.)
25c
4V*% participating preferred (quar.)—
Year end
$1.06%
1- 1
12-20
—4——■—
-25c'El Paso Electric
(Texas), $4.50 pfd. (quar.)
4%7a- preferred (quar.)
$1.12%
1- 2 ' 12r14
:
$1.06%
Elder Manufacturing Co. common
25c
1-1
12-21
General Tire & Rubber,
pfd. (quar.)
$1.06%
5% participating class A (quar.)—
General Water Works & Electric Co.—
$1.25
1- 1
12-21
4%. preferred
_
pfd.
(quar.)
Insurance
1-
2
37%c
37%c
Extra
7%
12-20
12-15
37%c
____.—.
(quar.)
Malting
(quar.)
preferred
57z7o
•
1-2
;
Gatineau .Power Co.
12-15
1 1- 2 ;
..
x
12-31
:-
$$1.50
Garfinckel
1-18
5%7c
$1.12%
12-15
12-15
$1.50
Gardner-Denver Co., common (quar.)
25c
$3 conv; preferred (quar.)_—76c
Gardner Electric Light,
common
(s-a)_—_ 4 ;• $3.50
5?p; preferred v(s-a)—$3.50
•
•
,
.
1
2
Gannett Co., Inc.. Class B conv. pfd.'
(quar.)
V
.
12-31
30c
^
1-
1- 2
Fuller (George A.) Co., 47a conv. pfd. (quar.)
Fulton Iron Works Co., 6 7c non-cum. pfd—
12-15
1- 2
^ v
* •
1-
>
25c
(quar..
Q7o
Loom,
Additional
,
12-15
50c
——
Nemours & Co.-—
preferred
$1.75
12-15
(quar.)-——,:.;——
preferred
$2.20-preferred
12-22
1- 2
/ *.'
5
$1.12%
-
____
(extra)——
(quar.)
preference
(E. L)
12-14
$2
___
(accum.)
—_—,
preferred
Co.
Elastic
——
conv.
Corp.
-
2
1-
$1.75
(quar.)
Year end
1-
1-15
$1.62%
(quar.)
end
Common
12-20
20c
—
(s-a)
common
Forster
12-20
2
$1
common
_
preferred
12-14
12-15*
2
$1
(s-a)
7%
FOrster,
2
—
_
International,
Co.
1-
1-2-46
$1.31%
(quar.)„
preferred
Cork
1-4*
12-14*
1-
—
& "Sons,
Zellerbach
2
1-
*____
—
preferred (quar.)—
Capital Corp. class A
Crown
1-
25c
Cream of Wheat Corp.
-T
Crompton & Knowles Loom Works—
Crown
12-14
1-19
$1.75
—
Shoe, common
1st preferred (s-a)
6%
6
12-31
2Qc
_____
Craddock-Terry
6%
12-20
93 %e
—
(increased)
(quar.)
preferred
preferred
Co.,1 Ltd,
Freeman (A. J.)
1-15
«
2
50c
u
(quar.)
_
67o
12-17
2
$1.75
Coronet Phosphate • Co. - (year-end)
Corroon & Reynolds Corp.—
Cottreil
12-15
1- 2
$1.37%
Machine!
(annual)
Extra
Fraser
3-1
——
—
12-15
1-
County Coal Corp.—
preferred
(year-end)—35c
77c
Frick
$$1.75
(quar.)—
common
2
2
Franklin
$$1.25
(quar.)—
com.
12-20
1-
,
j_,
Corning Glass Works, common——
73Vz7a preferred (quar.)—
Inc. (year-end)
—
Hotel
2
'50c
common.—
__________
A
Ltd,
12-24
1-2
/
'
Coro,
A
2-1
30c
pfd. (quar.)
7% participating preferred (quar.)—
Cornell-Dubilier Electric Corp.—/
Class
12-17
12-17
1-
62 %c
(quar.)
Continental Motors Corp.—
Continental Telephone 6V2 %
Coronada
2
2
1-
$1.12%
—
(quar.)—
prior preferred
preferred
1-
1-
2-15
Electric Corp.—
Continental Insurance
$5.25
12-14
$$2
Continental Bank & Trust Co. (N. Y. (quar.)
Continental Can Co., $3.75 pfd. (quar.)
&
1-2
v
25c
(quar.)
preferred
12-14
12-14
•
5#
Gas
2
2
50c
.___
prior
12-15
11-
43 %c
_
7%
1-2-46
683/4c
Consolidated Vultee Aircraft
Consumers Gas Co. .(Toronto)
(quar, )„____
Consumers Power Co. $4.50 preferred
Continental
12-14
20c
preferred (quar.)___________
Consolidated Steel Corp., com. (year-end)
$1,75 preferred
(quar.)_
!
&
12-14
1-15
25c
■
$2,75
Continental Foundry
Common (quar.)
1-15
$20C
(quar.)_
:
Baking Co.
preferred —_
2
-
12-15
2
1-
—
Canada
.
1-
37V2C
_u4—_4_U—1—4_4
1-15
Gas. & Fuel Associates—
y! ■
6% preferred (accum.)_
>
75c
4% % preferred (quar.)———1_$1.12% V
12-20
$50c
(Irregular),-,.—
$5.50
2
1-
of
12-29
15o
(year-end)
Brewing
Extra
-
$25c
Light Co. 5% preferred (quar.)—
Duval Texas Sulphur (year-end)
Eastern Canada
Savings & Loan Co. (Halifax, N. S) (quar.) —_—
—
of
—
Continental
1-
1
Duquesne
12-15
.
Consolidated Press, class A
Consolidated Retail Stores, com.
preferred (quar.)_
Continental Assurance Co.
1
CP.
F¥ankenmuth
j
5
75c
(increased)—.
Auto_____^.
Corp.
12-17
12-17
12-31
-4®°
75c
$$1.50
(quar.)______^.—4
Drive
Building
3-1
-
(quar.) ——I
Co.,
preferred
duPont
12-15
J 75c
—
Consumers Public Service—
Co.
Bradstreet,
Duplan
12-15
2
$1.19
2-
' 2-
preferred
12-22
2
2
1-
15c
—_____—
—
Wheel
2
1-
'
12-21
1-
50c
"
&
$25c
Eastern
$6
1st
preferred
(quar.)_^
Consolidated
Mining
Si
Smelting
Ltd.
&
5%
1-28
1-
-
$25c
'
I
12-21
2
1-
$1-50
•"
Co.
St.
1-
—.25c
; Foundation
12-28
12-28
3
—
Dunlop Tire & Rubber Goods Co., Ltd.—
Consolidated Machine Tool—
Canada,
Power
Dun
lJ-15
1
$142%
4|__—
pfd.
Textile
preferred
Duke
12-31
$1
(quar.)
5%
A
67a
12-31
$$1.38
—
Class
(quar.)4
12-31
$1.25
(quav.)__—s
Paper Co., 6% preferred
Shoe Co.,; Class
B
Oil
Four
41si
3
(initial)
common
Ltd.
preferred
O alveston -Hon3t<m —Go.
5
1-2
90c
___—
Chemical,
12-31
1-
$5
prior preferred (quar.)_____
preferred (quar.)
12-10
1-
Co.
v
50c
4
(quar.)^
preferred (quar._______
12-31
1-31
Pennsylvania
67a
2
1-31
of
50c
'
(year-end)
67a
2
$30c
$10c
•
Chemical
$4.50
Light & Power
(quar.)—_
(quar.)
Co.
Bros.
67a
I
1-
1-15
12-22
2
12-31
1-15
2-1-46
1-2
-
2
It
-
1-15
12-22^
2
l-
1-
1- 2
$$1.25
1-15
1-25
v-1-
$$1"
$$1.75
$20c
—-
12-15
;
$1
•
.
.
Extra
12-20
Electric
(quar.)
Linoleum
(quar.)_
Dow Drug Co., 77o
preferred
12-20
1-
$1.25
'
fquar.).__—_——
California
Kleiser, class A preferred-(quar.)
]'■' Foster-Wheeler Corp., common (quar.)^____
1.2-1
2
$3
—
'
12-31
12-22
12-29
"
C
12-15
12-15
1-15
2
2
1-25
2
Foster
12-10
1-30
11-
i.
-1-
$$3
B
4Vu'/o
(quar.)—__
(N. Y.), $5 pfd. (quar.)
common
2
im 11?
1-
$1
Cigar Corp.
preferred C
1-
12-31
12-22
12-31
12-31
$2
of
Foremost Dairies, common
67a preferred (quar.)
1-11
2
12-21
$35c^
'■
(quar.)—
$4 preferred
i-2
50c
:
-
Gas
1-
Co.—
Connecticut Light & Power (year-endj
Connecticut St passumpsic River RR.—
6%
preferred
(s-a)
(Baltimore),
Class
11-8
$5
&
Co.,
12-24
$4c
_
(s-a)
(quar.)—
(quar.)———
L
Domipion
Securities
Life
Oilcloth
8
12-17
2- 1
;
25c
Ltd
common
5%% preferred (quar.)
Donnacona Paper
1-31
25c
(Toronto)
Steel,
1-
1-15
Field)
(year-end)
'
Food Machinery. Corp. ,(quar.)^_iav—J
Forbes & Wallace, $3 class A (quar.)_^_™_
Foreign Light & Power 67a 1st pfd. (quar.)
12-10
$44c
:
Co.,
Dominion. Tar &
12-31
2-15
(quar.)__
..$3..nreforr^,lqua):Ji^^
3
1-2
$30c
Extra
3-15
$1
,
Co.
[1-
12-26
2
Fohs
8
2-
3-1-46
-
7
1-15
-
20c
—
12-15
1t
50c
$1
(increased)
2
2
class
5
2-
(Bait.; Md.)
Insurance
*
12-31
1-
1-
Co.
Florsheim
.
12-14
2
3-1-46
V
-
12-31
62 %C
_
...
&
Consolidated Edison
1-15
1-15
preferred
(accum.)
Insurance
1-
1-
Fire
M;arshall
Flambeau
11-30
62%c
(quar.):
—
Glass
Dominion
(s-a)_
$2.50
v"!
»
——
preferred
7% preferred (quar.)——
Dominion Malting Co., common
12-11
Co.—
preferred
(quar.)
Dominion Foundries &
12-11
$1.75
*
_______
,
7
Dominion
...
Mines, Ltd
Consolidated
Extra
12-11
7%
Ltd.
non-cumulative
12-31
1-15
3c
$3
l-
11-30
2
1-19
t$1.25
„
-----
Dominion Fire Insurance Co.
1-
Quarterly
Consolidated
5%
1-15
:
$1.50
(quar.).__'_____^_,—
.preferred
Extra
Fisher
11-30
1-2
75c
.
11-30
1-2
75c
'
———
12-15
•1-
Connecticut Fire
Connecticut
2
«
12-15
12-31
,
50c
'25c
-
First National Bank (New York) • (quar.) -4 '
$20
First National Stores (quar.)62%c
First State Pawners Society (quar.)
___
$1.75
5
1-
; 75c
25c
—
2
1-
-
$1.50
i.—
1-
12-31
$1.50
Machinery
Gas
Extra
(year-end)
Doehler-Jarvis Corp.
Mines,
10c
Dominion Dairies, Ltd.—
Conde Nast Publications (year-end)
Confederation Lile Assn. (Toronto)—
4%
Car Co.
12-22
Dome
6
12-15
1-15
•
Brewing, 67o pfd. (s-a)——& Co., Inc.
(year-end)-___—__
4%
6
8-
5c
(s-a)-
12-26
12-22
5-
$1.06%
(quar.)
pfd. (s-a)
2
$1.37%
__
Shoe
f
2-
5-15-46
50c 8-15-46
20c
2
:_
participating preferred
50c 2-15-46
50c
1
.
1-
$1.25
!
(quar.)
Community Frosted Foods
v
u
1-
5%% pfd, (quar.)
Water & Light Co.—
(quar.)
_____
preferred
Extra
Motor
C.)—
4%.% preferred (quar.)_____—_—$1.18%,
Filing Equipment Bureau, common...^..
-50c
.
•
15c
Disston
:—
(accum.)_.
$7 preferred
Conlaurum
T
D.
___'
(see
1-
11-15
12-31
Field
40c
(quar.)
——*
50c
(quar.)
Commonwealth Water Co..
Concord
Diamond
12-21
(Wash.,
'i '
Extra '
"
common
Co., 6% particip. pfd.
participating preferred (s-a)—
6%
12-29
12-21
2
Finance
Fidelity & Guaranty Fire Corp.
15c
; ::
12-31
ul2-31
Fifth Avenue Bank of New York
(quar.)__
j $6
Fifth Street Stores (Los Angeles)15c
Filene's (Wm.) Sons Co., common
(quar.)__
25c
1-2
12-20
75c
—
12-15
2
12-20
12-15
1-10
10c
25c
v
preferred
(J.
1-2
l-\2
■
50c
12-10
1-
$2
(Henry) & Sons (year-end)
Distillers Corp.-Seagrams, 5%
pfd. (quar.)
Dixie Cup Co., class A (quar.)
1-
4-1-48
—__——
(quar,)
(Frank)
15c
(quar.)_—__
partic.
Co.
1-2-46
$2.50
$1.25
•
12-31
-
Giorgio Fruit Corp. $3
$2.50
(quar.)
12-14
$1.12%
Co.—
Diamond Match
Co.—
(quar.)—___
& Southern
Corp.—
Commonwealth
Compo
12-31
$1
50c
preferred
Commonwealth
1st
1-15
$2
_
—.___
Commonwealth. Loan
$8
12-29
110c
,
Di
12-27
1-15
_______
Quarterly
5%
1-10
t5c
-
Syracuse
_________
12-17
;
Dewey & Almy Chemical, $4.25 pfd.
1
12-17
2
$1
40c
(quar.)
Commercial National Bank &
Extra
2-
B
7
12-31
.•
A
8
1-
$1
(quar.)__
——
class
8
12-
Extra
12-29
4
1-
Services
Coipmon
1-
Year-end
Year-end
8
12-
2
—:—10c
Insurance,
(s-a)
Fidelity-Phoenix
Co.—'
mew
12-
1-
$5
^—
Reynolds
Class
Columbus & Southern Ohio Electric Co.—
67a
&
12-15
2
50c
preferred
Federal
1-10
10c
Detroit-Michigan Stove Co., com. (year-end)
5% preferred
(quar.) —
5% preferred (quar.)
5% preferred (quar.) ———__
12-20
2
25c
(quar.)
2
1-
$1.50
preferred
1-
$1.25
_
___
1-
$1.75
—___,
__
12-15
2
1-
2
Extra
57o
12-29
Life
preferred
Rubber
'
Colonial Ice
2
1-
I-
Fedders Manufacturing Co., new (initial)—
Federal Bake Shops, Inc., common—
,
12-17
1- 2
Traders
Fashion-Craft ' 5 7a
%
preferred
Semi-Annual
12-20
12-31
25c
(quar.)_———
De Pinna
(A.) Co., class A (year-end)
6% conv. preferred (quar.)—————ai—
; Detroit Edison Co.
(quar.)
—j—..
12-20
$1
(s-a)
Goods
1-
'
.
37%c
37%c
(quar.)__—
(quar.)_____
A
preferred B
Class A (year end)
Corp.
&
preferred
Y.) (quar,)___,
Quarterly ___—^
37%c
4'-".
Detroit Hillsdale & South Western RR.
4
50c
RR.
Dry
4%%
.
_.
1-
t25c
——
.
12-20
1-1
12-17
20c
■
(N.
37J/2C
Dejay Stores, Inc
Dejonge (Louis) & Co.—
;
;
5%
2nd preferred
(resumed)
$1.12%
,___
Farmers
7
1-15
$1.50
(quar.)
—
2-
1-10
12-
12-17
$1.75
———_
2-
1-10
$1.50 convertible
5
convertible
Famise
1-22
30c.
-i,;——30c
15C
1
2
$1.50
12-20
12-31
Records, Inc. (quar.)——„.i—
Decker
.
50c
—
Extra
12-18
1-2-46
Decca
1
$1
i_:—____ '
of Rec,
1-
25c
—
Holdere
Payable
$1.25
Creamery Co., common
preferred (quar.)
Finance Corp.,-common.
6-18
2
1-
75c
Chemical Corp. (quar.)
——25c
Dayton & Michigan RR., 8% pfd. (quar )—
$1
Debentures & Securities Corp. of Canada—
- *
5% preferred (s-a)r
$$2.50
12-11
4%
When
Share
Fairmont
"Family
1-
1-
—30c
pfd.
1
1-21
$3
(quar.)__
Frere, Ltd., Class A (quar.)—
Davidson-Boutell
12-10*
2
1-
5C
(quar.)
(initial).
Co.
2
1-
25c
& Co., l'/o preferred
Colgate-Palmolive-Peet Co.—
$3.50
1-
prior
7-
25c
1
common
15c
Cluett Peabody
Collins
Stores,
Publishing Co. $4 prior pfd. (quar.)
Faxon Stores, Inc.——..—..
Davenport
12-14
$3.50
.
Y.)
(quar.)
Co., 77c pfd.
Works
2
$1.37%
_
Clirttori
1-
30c
Clayton & Lambert Mfg..,
Cleveland Electric Illuminating Co.—
$4.50 preferred (qiiar.)
(N.
$1.75
Danahy
1-
-
'
(quar.)
Drug
class A
1
75c
Stores Co., common
(quar.)
Class
A
(quar.)__—,—
Clark (D. L.)
Company
;
Claude Neon Lights (year-end
Co.
6%
2
1
15c
City
Clinton -Trust
preferred
Davega
-
25c
$1.75
Davidson
City Investing 5Va% preferred (quar.)
City of Paris Dry Goods Co.—
1% 2nd preferred (s-a)
(year-end)'
com.
$1.75
9-
(quar.)
Fuel
Sugar Co.,
(quar.)—.—
6-
$1.75
12-20
(quar.)
$1.25
.
1-2
(s-a)
preferred
$1.25
7%
preferred
(quar.)
Citizens Wholesale Supply—
67a
$4
Name of Company
Fairchild Engine & Airplane—
$2.50
preferred (s-a)__j__.
5
preferred
3-
—.—
12-
Hpr
„
of Reo.
1-15
7%
$1.25
(quar.)
(Washington, Pa.)—
Holder»
Payable
25c
7%
7%
50c
Co
Corp.
When
Share
■
(extra)
common
12-20
Cunningham
___
Stock
Financial
T
Citizens Water Co.
preferred
Cuban American
12-20
2
85c
C
8V0
Pacific
5% preferred (quar.)
5%
preferred (quar.)____
Cincinnati & Suburban Bell Telephone Co.—
Cincinnati
Crystal Tissue Co.,
6
3-
2
1-
Name of Company
12-19
*
2
$1.75
$1.25
$1
Per
0/ Rec.
2
1-15-46
25c 4-15-46
-
_
Cincinnati
1-
25c
Monday, December 31 j 1945
Holder«
Pavable
$3
(quar.)
-
When
12-22
1
1-15
1-10
12-31
2
12-20
1-15
12-15
1-
J-
2
12-14
1-
2
12-14
Volume
Extra
Co.
.
(quar.)—
30c
—
—_
_
2-
1
2-
1
1-25
1
4-24
30c
5-
1
4-24' '
8-
1
7-25
———:-—
30c
8-
1
7-25
International
Stores, Inc., .com. (year-end)—
preferred (initial)
:—
(N. Y.) —
32'Ac
1-
2
12-20
55c
1-
2
12-20
5%
International
—.—,
.—
—
Extra-
_n(_—
Drug
$2.20
Great
conv.
5-
$2
■
A partip.
class.
Ltd.—
Co.,
Paper
(accum.))
preference
Quarterly.
1-15
12-20
$75c
11-30
Interstate; Aircraft
t75c
12-31
11-30
Interstate
$$1.75
1-15
12-31
Interstate
Sugar Co.r. common.,;
preferred Cquar.)_
—_'i—
Green
(D.)
Co., 6"/o - preferred
u-;.-——.
-7%
Wire (initial quar,)„
Co;,: com. (year-end)
Greening- (B.)
•'
5'4%
Class
1-
12-20
12-31
12-20
1-2
12-11
$1.50
• ;
Hall
'25c-
(increased).—.
F.)
Printing
1-
Hanover-Eire
Insurance
4-
1
7-
1
10-
(quar.)____ :
Y.)
(N.
.
6%
preferred (quar.)
Harding Carpets . (s-a)__
Harnischfeger Corp;,
.:
^
1-
1-
Common
preferred
Shaffner
Hartford
Fire
1-
5
12-8
1- 2
12-15
"
12-20 ° '
1-2
12 -15
1-
Heller
1
Co.,
40c
1-
2
12-27
1-
2
12-18
1-
2
12-14*
1-
37*/4c
$1.25
40c
preferred
1-
2
*rr-
OoiT;T(quar,)/;~ ——i1
25c "
$6
,
12-
8
12-
12-18
1-15
Oil
Hlckok
preferred
prior preferred (quar.
& Dauch Paper Co. com.
7%
Hinde
$4
Corp., 5%
conv.
preferred
3iy4c
Co.
Furnace
_
1-2
12-15
——i?
(Canada)
Holt
(D.
37-preferred
Renfrew,
Home Dairy
(accum.)—
Co., common—
Horn
&
3%%
(yerfr-end)
Electric
Kearney
12-
3
12-
8
Kelsey-Hayes Wheel, class
Class
B
(quar.)„_
.
1
2
1-
2
$1.50
1-15
Ltd.
B
Hutchins
Motors
12-31
Class
A
Investing,
12-30
12-
3
1-
2
12-
3
1-
2
1-15
1-15
1-
2-15
2-
$7
1-
1-15
1-
2
1
12-14
Marven's
30c
1-
1
12-15
Maryland Drydock
$1.75
1-
1
12-15
Massachusetts Plate Glass Insur. (irreg.)
$2.50
'?
.
$1.25
"
(s-a).
$1.50
15c
$1.25
_____
12-30
'
35c
1-4
I-
1
2
Co.
2
12-15
12-20
McKee
1-
2
12-15
McKesson
50c
Indiana
&
Elec,-4'A%
Mich.
pfd.
(quar.)
>. 1-
2
12-15
1-
30c
12-
2
1-15
(quar.)______
$1.25
2
1-
2
12-17
1-
2
12-17
1-
2
12-15
1-
convertible
-
preferred • (quar;)uz__
Corp.—
.,
.
Industrial Brownholst
pfd.
60c: conv/'Tsfr
2
1-
2
12-11
2
12-11
/ 1-
2
12-15
12-31
12-
"12-
7
::
30c
r
50c
"
.North
1-
12-19
$1.62 */2 '
y
——1__C;
3-9-46
$3
3%c
(s-a)
•
3-1
''
(s-a)
1
12-31
ia-31
l-3'l
l-
"'TV 2
r?i- 2
f, 2
40c
40c"
preferred—
t20c"
.
.
Cbal.Co.,:com/ (s-a)*i--_/;u___ /
(resumed)
; ; International Furniture Co. (initial)
International Harvester. Col, com. (quar.)
'*
International Metal. Industries,, com. (incr.)
International
12-15
12-15
1-2
12-17
1-2
12-17
,
50c
-
preferred
1-
50c
.>
2
12-22
12-31
12.-14
,
12-22
12-27
2
12-14
12-31
12-19
1-
2
12-24
1-
2
12-24
1-
2
12-17
Middle West Corp.
1-
2
12-15
Midland Steel
1-
r
9
100%:
12-22
8%
12-15
Midwest
(quar.)_
(N.
Y.)
12-17
1-15
12-17
1-2.
12-
7
1-2
12-
7
$1
1—15
..
.
12-31
Co., common
&
Roi
1-15
12-29
Miller
1-15
12-29
1-15
12-29
15C
1-
s
12-15
60c
12-31
12-21
12-31
12-21
S3
12-31
12-21
5%
2
12-22
1-
2
12-22
10c
1-
1
12-15
50c
(quar.) _J.
1-
1-
1
12-15
1-
1
12-15
Mobilq & Birmingham RR. 4% pfd.
"i 62V2c
1-15
37'4c
—
12-
1-
7
12-28
2
12-15
1-2
12-21
1-
12-14
"
10c
Refineries;
(increased)——
8
3
1-
T
$1.75
—
3
1-15
31'Ac
—
(year-,end)
3
1-
25c
30c
1-
1-
3
Mobile
1-
2
11-19
1-
2
12-15
7%
1-
2
12-15
5%
12-21*
5%
50c
1
1-10
Life
Monarch
(quar;-).u_;_'_«-■—
—
Extra/'-//—1—
;
.
conv.
—
nfd. (quar.)__
12-21
Canada)
10c
12-31
12-21
12-31
12-21
(quar.)
preferred (quar.),___
Liquid Carbonic Corp/-'4%%
5c
12'Ac
$1.75
—_
pfd. A (quar.)_
2-
1
1-22
1-
.
2
12-11
3-1
2-
2
12'4c
12-31
12-15
25c
12-31
12-15
$1.12%
2-1-46
1-15
1- 2
12-15
1- 2
1- 2
12-20
*2-15
1- 2
13-15
1- 2
12-1
25c
—
—
—-
(quar.)
(quar.)
—
——
(quar.)—_—_—
Assurance
Co.
(Winnipeg,
(s-a)
—
,
Pictures 5'4% conv. preferred—
Monongahela West Penn. Public Service—
Monroe Auto Equipment—
5% preferred (initial) —
Monroe
Chemical $3.50
Montana-Dakota
5%
pfd.
Utilities,
Montana
Power
$6
preferred
J2-20
12-15
12-20
12-19
11-23
2-23
11-23
2-23
1
$$1.20
5c
1- 2
12-15
1-15
-
62'4c
1- 2
12-20
1- 2
1- 2
1- 2
2- 1
.12-15
1-11
15c
—-
(quar.)
12-20
12-20
12-20
87'Ac
(quar.)
common..
preferred (quar.)
1-1
1-1
1- 2
1- 2
1- 2
1—7
1-10
1-1-46
$$1/75 "4-1-46
$$1.25 1-1-46
$$1.25- 4-1-46
Monogram
50c
Co.(quar,
Lipe Rollway Corp. class A
$1
12-21
12-31
.
50c preferred (quar.)
Liggett & Myers Tobaccc) 7%
Link-Belt
12-31
5c
Class .B
(s-a)__
common
preference
preference
preference
10c
(quar.)
Corp.
12-14
12-10
12-10
$2
$6
preferred (quar.)
4.90%
140c
31'Ac
Service
12T4
12-31
$1.22'4
Modern Containers, Ltd., common (quar.)—
/30c
5*4% preferred (quar.)—
+$1.37'4
Mohawk Carpet Mills, Inc., 5% pfd. (quar.)
62'Ac
Mohawk Liquer Corp. (year-end)—..
7%c
Molson's Brewery, Ltd. (year-end)_
125c
Monarch Knitting Co., Ltd., 7% pref. (quar.)
$$1.75
1
$2
.
Gas
Co.,
12-14
$1.50
preferred (quar.)
Mississippi Valley Barge Line Co.—
Missouri Power & Light $5 pfd. (quar.)—_
Power
1- 5
1- 2
1- 4
*
(quar.)
preferred
12- 7
,
$1.75
prior preferred (quar.)
Minnesota Power & Light—
-7%
Mississippi
11-23
12-15
12-10
$1.25
$1.50
15c
preferred (quar.)—______
Millers Falls Co., common (quar.)
25c
5c
.
—
—
convertible
25c
(quar.)_
Corp."
Extra
5%
Company
Stores
(irreg.)__
Co., Class A (quar,)__
Miller-Wohl Co., Inc., common (quar.)_._—
$1 prior pfd.
Inc.,
,
$1 l-'5
$1 1-12-46
15c
1-15
20c
1- 2
20c
1- 2
62'Ac . 1- 2
25c
12-31
—
Hart,
&
2
2
2- 1
1- 2
1-2
\
Miller Manufacturing
75c
>\
12-12
8c
—_
2
—-
12-18
12-15*
.12-15
12-15
12-10
12-15
2
2
2
2
1-2
^
$2
—
Inc.—
Year-end
1-
•
^
(quar.)
& Supply Co.,
Piping
50c
(quar.)
'Co.v(quar.)44f_
*
111111-
Products Co.—
preferred
2
12-14
12-14
1-15
11-20
12-1T
12- 3
12-12
12-12
1-31
1-1-46
25c
60c
50c
$40c
25c
——
12-20
12-20
1-2
1- 2
2- 1
1- 4
1- 2
1- 2
$1.50
$1.50
$1.50
$1.75
-
12-31
62 *4 c
:(s-a7________
Trust Co.
Liberty Loan, Corp. Class - A
12-22
1-7
12*4c '
'•••'. 65e
) $40c
2
1-
f-$4,
$$L12*4
(quar.)___
Milling 4 %
2
t$1.50
A (quar.)
97'Ac
$91
(quar.)
preferred—_
12-12
12-31
12-31
2- 1
.
62'4c
(quar,)_,
Co.
25c
Lexington Union Station 4%; preferred (s-a)
Liberty Aircraft Rroducis $1/25 pfd. (quar.)
Liberty. Baking Corp $4. preferred .(accum.)
12-22
1-15
$$i
'
preferred' (s-a) l'/
^preferred
LevyBrothqrs, Ltd.
12-22
~
4 4*4%-pi-efcrred
■
Corporation
Lerner
12-22
■
37*4c
,
Products .(qilar.)..
Co..
(s-a)_.
$2.50 pfd. (quar.)_
(stock dividend).:
Co.,
Inc.
preferred
Leonard
1
1-15
.
!
Internatiohal, Elevating:
Investment Co.
&
H.)
Machine
1-
10c
1- 2
1- 2
12-31
2-15
Company,
preferred
1-15
1-
:
37 % c
_
~
: Intercolonial
(M.
.Leland Electric
12'-22
2;
t37r4c".
com..(quar;)
6%'"]>artac. preferred -(quar;)____^^_-__^^^
InternatJonal ;Cellucotten
Extra-;. _________
'
__________
$2.50. preferred
Le
12-31
2-15
•^I0C
"*
common.;;;;
International Bronze- Powders,
1-
7'4 c
prior pfd (initial)
(year-endt
Lehman Corporation
(quar;)—
Leich "(Charles) & Co. 7fe preferred
(quar.)
T2-10
*2-15'
*
$1.25
Extra
Inter-Mountaiiit'Telephone,'
1-16
&
5'A%
Michigan Public Service—
;
;
/ ,/ /
$6 junior preferred (quar.)—.—
—
6% preferred series 1940 (quar.)
6%
preferred (quar.)
7% preferred (quar.)
Mickelberry's Food Products, com. (year-end)
$2.40 preferred
(quar.)
—
Middlesex Water Co.
(quar.)—
Midland Loan & Savings Cc. (Ontario) (s-a)
Inc.—■
Lefcourt. Realty, Corp.
.
1-2
2 *4c
" Inc.
1-15
—;—
..,Extra./_*_/____——
,
(S-a)
Certificates,
non-cum:"
Leath
12-19
12-31 r
50c
Insuranshares/
6%
:12-15
1
12-28
A1.12*/a
pfd. ":(aect(m.)__
America
Co.,
University
t(quar.)___
Sessions
&
Lawyers
J'
Group, shares
Cor of
Metropolitan Edison 3.9% pfd.
Metropolitan Paving Brick, 7%
2-1
50c
'
'
Ingersoll-Rand'C.o.,. 6%^ preferred (s-a)__—
Insurance
Mesta
12-14
-
Merck
10c
'
"
Insurance
12-20
2
—
7
12-31
$1.25
..-
Corp. common
(quar.)—
preferred:'. A*'(quar.) . ——i—'.
Institutional;Securities—
12-20
1-
,/
12-15
12-15
11-30
4*4% preferred (quar.)
$1.12*4
(quar.)_—_—__________
$1.31'A
Mercury Mills, Ltd.
(quar.). J20c
Merrimac Hat Corp., common (extra)
—
25c
2
,
$1.50
50c
$3,50
/
pfd
12-20
2
20c
Co.
-
7%
12-20
1-
12'/aC
.
.
(quar.)______
Insurance Co.,
Fire
1- 2
$1.25
$1.75
2
1-
1__
i.—/
of New York
;
1-11
12-22
12-24
12-24
12-15
12-15
12-31
20c
:___
a«.
••
12- 1
1-11
? 1- 2
10c
(quar.)__
25c
—
___________
Extension
common
preferred (s-a)—
Stores, 7% preferred (quar.)
1st
Extra
$1.75
_/
(quar.)____
Brewing Co. (quar.)—
(B.) & Co., Inc. (s-a)
Light (initial)—
Plant-Choate Manufacturing
5% pfd. (s-a)
partic. pfd
6%
-
Merchants
20c
50c
faccu nr.)'2'5i__I^.HC-;i._"
Industrial SUiea^Corp.,, 6 %
2
25C
.
—
Gas
Salle
Company,
conv.
Mercantile
$1.50:'
___
>
35c
62'Ac
$30c
i_
—______—
Co.,
Extra
5%
$1
_________—_____
(quar.)
(s-a)
,
12-20
I- 2
1- 1
1-31
1-31
1- 2
1- 2
1- 2
1- 2
1- 2
$1.25
20c
1- 2
i
11-30
12-31
-
,
Mfg.
preferred
12-18
2
1-
40c
$1.18%
1-
1-15
1-
,
—
7%
1-
.
__:
Petroleum,
Merchants Bank
(quar.)
_~i
(year-end)_______.
Lawyers Title Insurance Corp.
(Richmond, Va.) (s-a)___
12-12
Industrial Rayon
$4.50
-
..
1-
$2
preferred
6%
*
Indianapolis Water 5%-pfd. A' (quar.)__
Industrial Acceptance Corp.—
Class AC: (year-end)__
McQuay-Norris
37'4c
1
1-2
1-15
75c
$1
(quar.)
$1.25
partic. preferred (s-a)
130c
Co., com. (quar.)_;
t.
25c
4'A% preferred (quar.)
$1.06'A
Mead Johnson & Co.
(quar.) _______
75c
Extra
t
$1.50
McManus
12-15
$1.12*4
25c
(quar.)_
■
12-20
2
I$,L11,-,«,a.
preferred
12-15':
3
c
(quar.)
2nd
Lanova
12-18
l-
Manufacturing Co.—
preferred (quar.)
Co., common (quar.)
2
1
.
;
(quar.)
class B <guar.)____
Inc., $4 pfd. (quar.)_
Stores
1-
V2C
Co.
&
Robbins,
1-
37
(accum.)
Lang (John A.) & Sons (quar.)___
Langendorf Uni|ed Bakeries, class
Class B '(quar.)
4
2
&
75c
37'4
.
12-31
4
J50c /■ 1- 2
$1.50
1-15
'
.
conv.
McLellan
$1.12*4
—
pfd.
7%
Lamson
1- 2
,
1-
5%
1-10
12-24
G.)
(A.
25c
—
.
________—
preferred
non-cum.
McKinney
.
1-28
12-31
40c
(quar.)
1st
Extra
"
$1.31*4
6%
Grocery
Lambert
11-13
$1.03*4
Indianapolis Power- & Light (quar.)—
5*4% preferred (quarb —
(quar.)
•
.
ll%c
.
.
L~tA—/nvfrn.,,
40c
Quarterly
12-27
12-31
preferred
6%
'
Co., Ltd.—
McDonnell Aircraft Corp.—
2
__
$3
50c
;
(year-end)
Common
,12-14
$1.12*4
(quar.)____
preferred
preferred
$1.50
preferred
Lamston
ilOc
12-14
_12rl5
1-
& Baking—
preferred (quar.)—
La
'
<3-a)
(quar.)—
2
1- J2
Mengel
Lambton Loan
l-'2
2
1-
12-11
preferred
Laclede
12-15
$30c
1-
.
.
1-
•
Utilities Co. 6%
Krueger (G.)
Kupperheinier
Labatt
(John)_——
12-18
1-
McColl-Frontenac
Oil
$1
___
McCaskey Register Co.—
/
Preferred
(initial quar.)____
12-15
37 *4 c
12-20
$2
12-20
2
$1.12*4,'
!
(quar.)_______
6%
12-26
$1.18%
12-20
1-
Distilleries
12-20
12-31
"
McCall
12-31
$1.25
$1.75
(quar.)
(s-a)___
12-31
Melchers
4%
12-28
5
(quar.)_
preferred
Valley RR.
Corp. (quar.)
12-24
La
$1.75 '
■,
*
(leased lines) (s-a)_,
Telephone
(Madison,
preferred (quar.)
______
1-
7%
1-15
$1
$2
,
5%
A
Common
12-15
preferred (accum.)
preferred (quar.)
Coi*p.
Ltd.
5%
preferred
12-20
1
&
preferred
4*4%
10c
75c
117'Ac
117'4c
15c
i$1.25
$1.75
(quar.)
com.
2
1-
Kroger
12-20
1-
Ltd.,
Co.,
1-
; 10c
Seeley Corp., 5% conv.
Kinney (G. R.) Co., Inc.— v
'
$$1
Tel.
-
King
12-20
$75c
7%
&
$1.50
-
—
Tel.
______
(accum.)
preferred
Martime
$1
$1.50
__u_
;
(initial)
common
Telephone
2-14
(quar.)—.:
V/ 6%
Corp.,
Meadville
1-2
1-15
Mills
12-31
12-31*
$75c
'Co., common.,*..
(quar.)
preferred
Martel
12'4c
12-27.
1
6%
■
12-18
12-22
12-31*
1-10
3-
$1.06'A
1-
.
x
(increased)
:40c
30c
quar.)
Martin-Parry
cumulative preferred (quar.
Kresge Department Stores, Inc.—
15c
Marshall-Wells
9
Koppers Co., Inc., common (quar.)_________
1-15
$1.50
(quar,)___
$1.50
12-20
2
Ltd.
Sons.
62*4c
12-13
2
&
12-15
1- 2
12- 1
1- 2
12-15
1- 2
12-15
1-31
1-15
12-31
12-15
12-31 - 12-19
1- 1
12-26
1-2
12-14
1-2
*12-14
1-15
12-20
1-15
12-20
1- 2
12-20
1- 2
12-15
1- 2
12-17
1-2
12-24
2-1
12-31
2- 1
1-15
50c
Field & Co., com. (increased
12-20
12-31
12-14
1- 2
$1.75
—
*
12-10
12-15
1
1-15
1- 2
37'4c
4'A% preferred (quar.)
2
5c
common——___________
$5 prior preferred
35c
(year-end)—.
1-15
$1.50
$17c
;
50c
(M.)
Marshall
2
Kirsch
1-
1
Marsh
12-3
2
$1.25
pfd. (quar.)—.^
7%
Corp.
1-15
12-21
2
7%e
Imperialle Fuels—
6%
participating preferred
Imperial Tobacco of Canada
*
7
1-
1- 2
1- 2
1- 2
50c
(year-end)___
—15c
Power Co. $5
pfd. (quar.)
$1.25
$1.50
4*4%
12-20
93%C
Telephone
$4.75
Wise.),
■.■■-Wr
1-
1-2
60c
(quar.)__
Corp
(quar.)
12-18*
Commercial
Illinois
•
2-
12-20
1-
1-11
$1
50c
$1.25
$1.25
Midland
6% prior preferred (quar.)
Kimberly-Clark Corp., common (quar.)
,
12-20
2
56'4 c
Illinois Central RR.
.
Water Co.,
Marlin-Rockwell
4%%
■
■
Reserve
Marion
1-31
Keyes Fibre Co.,
5
2
1-
$1.75
Co.—
(year-end)
Bell
Illinois
;•
Marion
1-11
Refining—
Kentucky
1-
$1.12'/a'
——
Huttig Sash & Door Co.—
5%
preferred (quar.)—_
Hyde Park
Breweries Assn—
"> " '
Co.,
Kendall
12-15
1-
Company,
Kendall
12-15
1-16
20c
& Erie Mortgage Corp.
.
12-31
1
1-31
; $4
(James R.) Corp.—
preferred (s-a)
2
2-
_
Class
6 %
7
2-
Co.——/,—__—
Kellogg
1-
15c
Fibre Corp., 6% pfd. (quar.)_
Manufacturing 6% preferred
Hunt's,
v
1-
(quar.)-i.__-_a.__
5
40c
Hummel-Ross
Hunter
•
Co.
Kawneer
50c
—
(quar.)
preferred
Howell
.
A.)
5
$$3.50
Houdaillc-Hershey Corp.—
.%
y • .
$2.25
conv.
preferred (initial quar.)
Household Finance Corp., common
5%
10c
,
Common
Huron
Marine
'.
Gas,, common..
Department Stores
12-15
:1-
preferred
quarterly—_
Hardart Co. (N. Y.)—
r
t- .
(C,
Kaufmann
12-
i;
Increased
1-18
;
__
(N.. Y.)
Massawlppl
preferred (quar
Drug Co., $4.50 preferred
12-
30c
•
(s-a)
Light Co.—
Power .&
2
25c
——_
(s-a)—_—
Home Title Guaranty Co. (Brooklyn)
Hoover Co. 4*2(4 preferred
(quar.)________
Horn & Hardart Baking (N. J.)—•
> >:
80c
Natural
3
20c
Holmes
12-10
(quar.)
Nebraska
12-31
50c
Corp. (quar.) —
H.)
Co.
(quar.)__u;_w.*i-u*-u'_wr
Holly Sugar
2
1
5%
Power,
1-
$25c
(quar.)
(extra)—
1-
Ry.—
1-
$1
\
12-10
Trust
Consolidated Manufacturing (quar.)_
Marathon Corp. 5% preferred (quar.)—
Marchant Calculating Machine (quar.)—___
87*4c
preferred
8(/&
12-31
50c
'
v
__
Electric
Kaufman
-
$1.75
v
(year-end)
(quar.)
Hlnde & Dauch Paper
Holland
(quar.)
,
2
Co., common (quar.i
Sons 5% preferred (quar.)„l_
preferred
Katz
3
r
1-
$$6
(s-a)
City Power &
Kansas
12-17
1-25
:
(Toronto)
Co.
Mapes
2-
4 *4 %~
15c
25c
Heyden Chemical Corp. (year-end)
Hibbard Spencer Bartlett & Co;
$1.50
"
T'."" $5"prelefred:" '(qtfar.T^---------i
8. J
12-26
£
12-20
iT
12-31
1-2
30c
(quar.)_
Life Insurance
$1.06*4
(quar.)
preferred series A (quar.)
Corp., com. (quar.))
(E.)
Kansas
1- 2
;.
preferred
12-31
T- 2
$1
12-20
12-10
12-13
' 12-10
12-22
12-23
1-15
12-31
1- 2
12-22
..
1- 2
12- 3
12-31
12-15
12-31
12-15
1-11
1- 2
Rubber—
&
Manufacturers
12-10
pfd. (quar.)_
_<-v
Kansas Gas & Electric Co. 7% pfd.
(quar.)-/
12-20
1- 2
„
"•
6%
Tire
12- 7
12-31
12-31
1- 2
1- 2
1-10
1- 2
12-2.9
1- 2
—
12-14
pieferred B
Kansas
12-20
.
11-30
12-31
$1.75
preferred
(yearrend)
Kansas City Title & Insurance
12-20
2
•
2
2
v
4%
12-15
1-
$1.37%
11-30
1-
12-.3
i5c
;. $1.75
(quar.)»*______^4=^U_tt^rl
Herculee-'Meters
2
20c
•
2
3
preferred
3*4%
Kansas City Southern
12-31
25c
;
12-14
II-30
1-
1-
Lights—
(quar.)
Kansas City Public Service, com. (year-end)
5% preferred (s-a)__—
_
$1.12(4
_
12-14
3
Battery
$6
1-16
1
W
Kansas
12-12
12-12
12-22
5(4%' preferred (qv.ar.)
(George W.) Co.; common.
>
2
2
1
:
3
11-30
2
Manufacturers
Laughlin Steel
&
Kahn's
1-15
1-
2
(quar.)...'.
com.
1
K
1-
Co. (quar.)
Brewing (year-end)
:
Parts Corp. (year-end)
11-
11-30
1-
1-
preferred A (quar.)_____
5% preferred B.. (quar.)_____
Joplin/ Water Works, 6% preferred (quar.)
Journal Publishing Co. of Ottawa, Ltd.____
Julian & Kokenge Co.
(year-end)
2-
(quar.)_
Mansfield
2
1-2
1-
$1.75
5%
1
1-15
12-15
1-19
12-15
$1.37 *4
(quar.)__—
Johnson
&
2nd
Jones
12-31
75c
Helme
7%
4%
12-18
1-
50c
50c
-
Motor
E.). &
Johnson
12-22
2
2-
20*40
(quar.)-
12-31
1-15
$i
Tea
Johns-ManVille
12-26
$3 non-cum. pfd. (quar.)
■'
;
12-22
12-18
Co.
$1.25
75c
;
12-15
1-31
17c
(quar.)
com.
Co.,. Inc.'4'4% preferred
Johansen Brothers Shoe (year-end)
Jewell
12-22
2
(year-end)
2
12-14
12-31
x$1.75
xl%%
xl*4 jfn
xl *4 %
$1.25'
$1.50
(quar.),—________
Pteferred
;
12-18
1-18
Glass
(Walter
•
Extra-
5
1-15
1-
-40c
:
Haverty Furniture,. $1.50 preferred
t.G.)
/d^/'preferred
;
1-
1-15
12-15
12-15
1-
12-10
•'
50c
(quar.)
,7%/preferred ,(quar.)_
Jersey;,Central Power & Light—■
"/. 5 *4% //preferred
quar.)•____
'
1-
.
Corp. ot America, 4*4% pfd. (initial):.!
Haverhill Gas Light Co.
(increased) _____
Hein-Werner
12-17,
>
.-$1.25
—_
v-U-ii--'':
Heileman
2
.2- 1
1- 2
1- 2
-
6%
12-12
12-31
62*/ac
.
.—'
non-voting
$3
40c
$1.06'A
preferred (quar.)
$1.50
Macfadden Publications, Inc. $1.50 paitic.
preferred (year-end)
75c
Macy <R. H.) Co. (quar.)__
40c
Macwhyte Co. —
2oc
Magnavox
Co.
25c
Mahoning Coal RR, common__
$8.25
5% preferred (s-a)
$1.25
Mahon (R, C.) Co. $2 class A pfdv- (quar.)
50c
5% preferred (s-a)
$1.25
Mallory (P. R.) 8z Co., 4'A% conv. tpfd
$0.265625
Manhattan Financial Corp., CI. A (year-end)
30c
Class B
(year-end)
5c
Manlschewltz (B.)
Co. (year-end)
50c
shares
Founders
12-31
12-31
11-30
12-22
12-21
25c
(F. L.) "Co.*5"preferred (quar.)__-*.
IE./ H.> > Manufacturing
Corp.— *
.
;
12-15
Hat
Hazel-Atlas
2
r12-18
Light
Tobacco,
12-10
2
1-
(quar.)
Forbes, common
&
1-15
1-15
1- 3
1-2-46
1- 2
fl2'4c
$1.62Va
35c
Electric
Gas; &
12-17
12-17
12-31
1
'
1-9
—25c
Insurance
2
1-
V Jenkins " Brothers
1
30c ;
:
Lynn
Jani^Swn Telephone, 6% 1st pfd. (quar.)
12-10
2
Extra
Hartman
12-20
2
3
Marx.—
Electric
Hartford
12-12
-
1-
1-
:
(quar.)
&
12-20
...
2
MacAndrews
2
1-
.
.
a
—_—
$5
12-12
1- 2
12-20
12-20
1-
Public Service, com. (quar.)
preferred A (quar,);; _____—___;
:.v
7,% preference B (quar.
5.%.^preference C (quar.) ________—
:£ 5%;preference D (quar.)
Jamaica Water 'Supply,' $5 pfd. (quar.)
1- 2
''
2
12-15
12-20
$2.25/
37'4c
$1.25
31'Ac
(Ky.) common
2
2
(quar.)___—15c
n
Co.
1-
12-15
2
2
12-20
end)
& Electric
Gas
5%
12-10
1-2
1-25
$2
1-
11-
Jamaica
12-15
.12-18
2
12-15
15c
—
5%
-
11-30
(Year
1-
Harris-Seybold-Potter Co—
1-15
1-
12-31
12-31
12-31
1- 9
(quar.)
preferred $100 par (quar.)
preferred $# par (quar.)
.
Lowney (Walter M.) Co. (quar.)_._
Lunkenhelmer Company, 6'4% pfd.
(quar.)
Lux Clock Mfg. Co. (year-end)—
Luzerne County Gas 81 Electric—•
4'A% preferred (initial quar.)
;
—
Lynchburg & Abingdon Telegraph Co. (s-a)
Lykens Valley RR. & Coal (s-a)
5
Jacobst
6-25
<
12-15
2
9-25
2
Louisville
12-15
1-
(N. Y.)
Taylor
&
12-26
$1.50
$1.62*4• $1.75
-
Candy Corp.
2
10c !
—
12'4c
t$l
}$1.75
u
(quar.)
12-17
12-17
12-11
12-11
12-10
12-31
37'4c
com.
12-22
12-21
.
1- 2
1-2
10c
1-15
1-15
1-
1-
Jacobs
3-25i
a
1
1-
preferred (quar.)_.
.
5% 2nd preferred (quar,)_____
a_
ile.rris' Manufacturing Co.—;.i.; •,■ y.;'v-:4•:
7'Jo - conv. Class A (quar.)
•' 8%c
Harrisburg Gas 7%
preferred (quar.)_____
$1.75
Harrisburg (Pa.)
Hotel Co. (year-end)$3
Hart
/
.
common—
5%
Lord
Extra
—
—
20c
Island.Creek Coal, $6 preferred (quar.)
$1.50
Jacksonville Gas Corp.—I-—25c
12-24
is'-.--'VV/ 1-19
$1.50
1- 2
$15c
1- 2
t
" 15c
1- 2
$1.25
; l- 2
$1.25
—
Loft
2
100%
Irving.Trust Co.
2-13
•
1- 2
,;
$lj.2*/a
(quar.)___
Refractories Co—
Harbison-Walker
2
30c •*
10c '
—•
preferred
Paper 4%
2
I-
.
——'25c
(extra)—
Corp. .(initial)
Radio
Hammermill
1
$5
(year-end)
Company
Hamilton
2
Co. *.(s-a)C-_—$40c
Insurance
<W.
Haloid
1-
1-15
35c
$1.50
,,
>*•,<•
34%c i
.
$1.25
?$1.25
y$1.25
-.$1^5
pfd, (quar.) ___ .i'v $1.25
Guaranty Trust Co. (N. Y.) (quar)'—4—■■$3Guenther Publishing Co.. (yearrend)——\
$10
Gulf Mobile & Ohio RR. $5 preferred
$2.50
Gulf Power Co., $6 preferred
(quar.) ______ t v. $1.50
Halifax
1-17
1-2-46
12-31
30c
(quar.)____
—
a-
12-15
1-15
$2
$1
(quar.)
common
(Marcus)
Theatres,
preferred (quar.)
7%
25c
preferred (quar.)
I—
Irving ; (John)
Shoe Corp., 6% preferred
This payment clears all arrears__
; Common
(stock divldend)__—__—_____
'' 12-26*"
1-
3-
80c
(quar.) —A— v
Co.
(quar.)
Loew's
50c
1st
$7
.
-
Co—
»
Co.
12-13
(quar.)_
common
1st
$6
12-20
GriggsfCooper & Co. 5.% 1st pfd. (quar.)
5%* Tst ■ preferred
(quar.).:
5% 1st; preferred,(quar.)
__-__4 5f» '1st' preferred (quar.) ___—^
Sugar, Co.
12-13
2
—
preferred (quar.)
$6.50 1st preferred (quar.)____
12-" 1
2
12-31
Co.,
Service
Chain
Inc.
Extra
12-15
2
1-
Corp.__
Department Stores (year-end)__.
Telephone Co., $6 pfd. (quar.)—,
Public
Iowa
12-31
(quar.)-__—i—-A/
A
preferred
convertible
Gruen "Watch
12-10
31j/4C
Brewery
Western
GuantflnaP.ro
12-10
$0.05703
preferred
$3.20
2
1-
,
1-2
'28c
»
Participating'
h
2
1-2
<
$5c
u.
_—
Greenwich Water System, 8% pld; ,(quar.)__
Grief Bros. Cooperage Co.—...
.
Griesediecte
12-20
1-
$1.75
$1.50
paitic.. preferred—_
$1.25
«•
Gas
1-
$2
Foundation, Ltd., common
$25c
"6% convertible preference (quar.)
•
$75c
Iowa Power & Light 6% preferred (quar.)__
$1.50
7% preferred (qliar.)$1.75
'
<
_
Greenwich
2
30c
Western
Great
1-
$$3.75
Steel
Loew's
2*
1-
1-15
$1.25
$1.75
Engineering
&
pfd.
Monthly
Investment
——a.———
____
Locke
2
45c
12-31
—
Power
12-10
8%
Extra
(quar.)
30c
preference ..(accum,).)
$7 preferred (quar.)_—
Great West Life Assurance Co.
(Winnipeg) —
Lakes
Lock Joint Pipe Co.,
1-
$$11/75
preferred (quar.)___
International Utilities
(year-end)
B
class
$2
Great
Co.
:
75c
1-2
12-10
Power
of Rec.
Payable
Share
Semi-annual
1
2-
Roiacrt
When
Per
t
Company
Name of
Schuylkill Navigation RR. 6? Coal Co.*^
Little
Rys. of Central
Shoe
^
,
of Rec.
1-10
$$2
7%
:
Uoldert
12-3
12-31
$1.75
—
pfd. (accum.),
International Silver Co., common (year-end)
—-————
_—
Lakes
When
Payable
t40c
preferred
7%
American Insurance Co.
Year-end
(quar.)
Ltd—
Co., Ltd.—
(accum.)_____
1
America—
preferred (accum.)
—
International
'
Great
preferred
International Paints, Ltd., 5%
30c
30c
Extra
Quarterly
Gray
7Vo
of Canada,
Co.
Nickel
International
1-25
30c
—_
Per
Share
Name of Company
of Pec.
Payable
Share
.
Holder*
When
rer
Name of Company
Granitevilla
3235j
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4451
162
$1.25
$1.50
12-15
12-15
3236
THE COMMERCIAL & FINANCIAL CHRONICLE
Par
When
Uoldort
"
•'«
K"
•
Noma of Company
Shara '>
Payable
Ward
&
Co,,- common
(quar.)
'■ 50c
,
Class A"
(guar.) L—;——_______——-Montreal Light Heat & Power • Consolidated
Montreal Telegraph Co. -(quar.-)
Moore Corp., Ltd., common (quar.)_
;j.
1-15
$1.75
i
.
-
t25c
•
1-
-
$2.50
conv.
(quar.)_,
prior preferred
-preferred
Morgan Engineering,
Morris:
15c
Industrial
-..Extra
.
7
12-
1-
1-
62V2C
'
2
1-
2
25c
v
.
:
1-12
V
1-
-25c
.
2
i-
;
12J27
2
lc
States Tel.
preferred
$7 preferred-"
; $7
preferred
Munising Paper
i
-
(quar.)
$1.50
12-31
I
3-15
g-
I
$1.75
-
9-
$1.
___________________
•
$1.75
■
-
1-15
6-
3-
1
NEorphy (O. C.) Co. 4%% preferred (quar.):
Murphy Paints Co., common (quar.;„^_
5'/a %
preferred
Ontario Loan
3-
1
2-19
1-
2
12-21
25c
•
1
!
«1
•
t20c '
pfd,
-
Investors
6%
(initial), _________L.
prior preferred
Investment
42c
2
1-
2nd
pfd.
Fund
12-10
Nathan Straus-Duparquet, Inc.—
6% preferred (quar.)
National Airlines (stock dividend)
Co.
National
*•
7%
12-31
Ox
1-15
12-31
Pacific
American
1-15
12-31
Pacific
American
1-
12-15
preferred
2
12-15
2
12-15
!
1-15
12-29
20%
'
25c
Candy
30c
_:_7_
1
V
$1.50
Grocers
Co.,
preference
National
Lead
Ltd.,
Co.—
12-12*
1-10
Park
2-
1
1-
2
12-15
25c
4-
1
3-15
53.50
3-
1
2-15
$2.50
3-1
2-15
30c
1-15
12-31
12-20
Pathe
25c
National Refining, 8 %? - preferred <quar.}__
Safety Bank & Trust (N. Y.)____
4%
&
Common
tl.40
class
A
12-19
12-15
Pennsylvania
*
-
.1-18- —IB~tO—
2
Edison,
,
$1.12V'a
■
52
preferred____X_X
England Fire Insurance Co. (year-end)
Quarterly ;
'
New'England Laundries,
pfd.
$6
preferred
New
(accum.X___
Hampshire
Special
New Haven
Fire
Insurance
Co.
*•
1-2
12-17
1-
2
12-21
'
*'
12-24
(s-a)
2
1-
2
12-24
2
12-11
2
12-11
1-
2
12-15
1-
2
$1.50
SI
(quar.)
New
a
Orleans
43/*%
New
preferred
York
Stock
New
-
(quar.)^.,
Central
Lives
on
preferred
10%
New
&
A
(year-end)
common
$1
York
York
■
-
Rosario
&
Co.
(N.
preferred
preferred
one
North
Star
North
2-
1
2
$1.25
2-1
$6
$25c
"
Texas
8s
Elec.
American
(stock
9
$L50
held
1-
12t10
12-31
12-20
12-31
1-
2
1-
2
12-20
$17VaC
1-
2
12-
25c
1-
2
12-20
51
1-
2
.
•
1-15
12-31
1-
11-23
V.
$10c
$1.25
1-14
Gold
12-15
1-5-46
12-15
1-
2
12-20
!
Co.,
& Worcester RR.
Co.,
Novadel-Agene
Corp.
(quar.)
Nu-Enamel Corp.,reommon
Extra
—
—
(quar.)_.
*
2-
1
1-
7
1-
2
12-11
1-
2
12-11
25c
1-
2
12-21
1-10
12-28
1-25
12-31
1-2-46
12-
1
1-2-46
12-
1
51.25
1-
2
Porter
12-17
1-
2
13-15
87 Vic
1-
2
12-14
5%
•'
(H.
K.>,
preferred
$$1.50
-
-
1- 2-
1--2
12-15
503
1-
2
10c
1-
4
,10c
1-
4
-
•
12-18
12t20
,
■
1-
2
•2-
1
.
15c
2-1
1-
$1.50
$4.25
2-
1
1-10
7
1-
2
12-15
1-
2
12-26
1-
2
25c
$1-37%
;
_25c
.12-31
20c
_•
12-26
•"S-g 90c ~
/■
50c
;
8
12-26 '
12-28'
v.
12 YjC
(year-end^.
1-15
1-15'
12-
1-15
,
$1.31%-
—
2
12-26
12-31
si
;
•
12-26,'
12-15
12-10
12.-10
1-
2
1-
1
12-15
a- 1
12-15
12r20
•
«
$1.75
.
$1.75 :>
—;—,
6%
pfd. (quar;)^«
(quar.)Ltd. Class A' (quar.)
•
com.
■;
■
,
l
1
L
1st preferred A
&
\
2
preferred
;
Class
A
Co.
$1.20
(Helena),
Russeks
12-20
(quar.)_s
Fifth
4'/a%
1
1-10
1
12-10
1-
Saguenay
1
12-15
St.
12-31
St.
2-
51
1
1-15
7%
1-16
1-
25C
1-
2
12-21
1-
2
12-21
1-
2
12-14
1-
2
50c
$1
!
SI
1-15.
preferred
$4
St.
class
A
5%
San
4-
1
2nd
1-
4
(quar.)—,
Gas & Electric Co.,
preferred (quar.)
Jose
Ban
Francisco
Water
Works,
11-29
1-
2
Sanger
12,-10
$1.75
1-
8
12-10
$2.50
v._
1-
5
12-22
12-31
52.50
80c
>
2
12-31
12-22
2
;
12-21
'
1
$1
$2.50
I-
10c
.'■<
12-3r
15c
1-2
50c
1-20
12-31
5c
1-20
L
40c
12-10
1-2
12-22
;
12-24
15c
(Initial
12-31
1-10
1-
2
12-15-
1-
2
12-15
1-
2
12-15
1- 2
11-30
12-31
12-10
$25c
45c
?lc
,
(quar.)_.
.
1-15
15c
Extra
.
1-
,15c
1-2
2
12-14
12-20
12-20,
.
.
-
12-22
$25C'
1-15
$75c
1-15
12-22
62-%c
1- 2
12-
8
12-
8
—
(accum.)
■
:
Loan
$1.25 77 1- 2
20c
(quar-)_
12-31
1-15
12-31
50c
—
1-15
25c
common—__
1-
2
12-10
Assn. (s-a)^76c7 r 12-31
(quar.)—tl7%c,, 12-30
12-20
Inc.
(s-a)
25c-
,
.
2nd preferred
(s-»)_____-_——1—
(s-a)_
—
fo
preference
1
.
$6
Corp.- General,
preferred
preferred
Securities
Selected.
$5.50
Semler
4
1>18»
1-18*
12-15
12-15 '
12-15
12-15
12-15
1-2
common___l_^___
7
5c
(quar.)__——LL_—___________
•
12-31
12-21
12-21
12-21
12-17
$1.50 ;-42-31
12-17
12-31
12-17
2
12-26
1-1
12-15
(extra) V
50c
Rubber,
common
(year-cnd)___^
preferred- (quar.)
25c'
^
-
$1.25%
;rl: 1
prior preferred- (quar.62c
Industries]; IncL—
prior
(R.
Extra-:
1-17
12-15
12-
*
class A
$2.50
r-10
12-12
53.50-1.'1- 2
(quar.)____—_____—$1.75
Investment Co. of St. Louis
Seiberlibg
5%
12-15.
$1.75-
,
Securities
•
1- 2
50c, ^L.l* 2
$3; ^1- 2
(s-a)——-
12-20
10c
.
12-31
Conimeicial Corp.,
eommott_^l__l. : ,; 15C.'.",,12-31
Extra
'———_—-"40c V-"12-31
preferred A (quar;)—L17rIL-^——7
62,:%c; ^12-31
$7
$1
1
Scaboiard
'
12-22
2
1-
2'7
1st preferred
7%
"3%
12-31
17 %C
Brothers,
'
•5%
_1
12-24
12-15
12-31
Extra
•
:
1- 2
1
Scruggs Vandervoort-Barney, Inc.; com.
6%
12-14
50c
2
1-3
$1.25.7.-1- 2
'j
'
12-15
1-
12.21■
1276
2
(year-end)
$1"
1"20
Savannah & Atlanta Ry., 5% pfd. (quar.)__
$1.25.
1- 2
Schenley Distillers 5%% preferred—
$1.37Va
12-31
Schwltzer-Cummin$ Co., common—____
25c
1-28
Scovill Manufacturing Co. (quar.)—,
50c1- 2
8cranton> Electric. SO preferred .(quar.)—___<
$1.50r "?'l- 2
Scott Paper Company, $4 preferred (quar.)_
$1" 2-1-46
$4.50
preferred (quar.)—____—$1.12% *^2-1-46
12-15
1-
1-10
1- 2
t.99c"<
(quae,)-—-;.
common
Remedial
8an-Nap-Pak Manufacturing
•
-
(s-a>_-
1-15
2-
preferred
San
j
3-15
25c
21-12
2
$35c
pfd. (quar.)
Paper Mills 6% pfd.
Diego
5%
12-15
75 c
12-17
12-17
1-
—$$1.75
(quar.)_
St, Regis Paper, $2.50 prior pfd.
2
1- 2
12-20
%
pfd. A (Initial).
(quar.)
i
conv.
Lawrence
12-20
12-20
1-
,
com,
'
10c
*:
$1.37%
Mills,
2
1- 2
1-2
•
12-14
1-
Flour
5
2-15
1-2
25c
preferred——
2-
12-14
1- 2
50c
8t. Lawrence Corp., Ltd.—
2
$1.31%
;
.
$2.25
(quar.);—$1.25
-
12-10
1-
$6r
•
(quar.)
Joseph Light & Pow., 5%
Lawrenee
(s-a)_—___
preferred
12-15
12-15
1-2
•
$1
i—
& Shipbuildings—,
5V'a%"■ preferred
1-15
preferred
5%
5'/3%
Power
St. John Dry Dock
-
1-
$1.75
30c
—
—
Inc.
'
/
•
5
12-20
3- 1
15c
•
>
1-
1- 2
1- 2
1- 2
$$1.50^
(quar.)-i-,_
common
12-20
'1- 2
»
preferred (quar.)—,$1.12%Avenue
(quar.)————
25c
Russell-Miller,
37V2C
•
Inc.,
pfd.
12r20
1
$15c+.,%2-15
•,
12-17
1
1-15
•
25c
;-
2
12-17
2
vl- 2
1-
$1.12'%
(initial)——t
Petroleum
Safety Stores,
2-
(quar.)———_
1-
1-
.
Co.,
12rll
12-15
$50c;-: 7.1-
Pendleton,
Paper
12-15
-1-2
$50c
(quar.).
2
1-
51.50 ;"sl- 2
5c1-10
^.
preferred (quar.) )
51.25
(quar.)_—„$1.25
1
62 %C
Co.
12-20
Ruppert (Jacob), 4%
62 %c
(quar.)
Products
12-30
25c
Co., 5%
1
i
(quar.)—
Gold-Mining
Prentiss-Wabers
H.)
12-
■
Pbwer Corp, of Canada,, common (year-end)
.Pratt & Lambert, Inc. (year-end)
Premier
12-20
-
(H.
12-
50c
Potter Company
12-15
Mills,
12-31
$1.10
(quar.)l
common
Silk
12-31
10c
$2
6%
Root
12-20
1-
81
(accum.)
new
12-20
—_—___
12-20
1-2
51.75
preferred
7
5
i—
Inc.—_
Ltd., com. (quar.)—
6%
preferred
(quar.)
Rome Cable
(quar.)
Roosevelt Hotel Co., common (initial)—
-
non-cum.
Co.
25c
(quar.)
12-31
7
1-
25 c
Works,
&
30c
(quar.)..,
;
1212;
5c
A
com.
12-26,
2
(quar.)-—.—50c
W.)
Rubinstein
P°rt Huron Sulphite & Paper
4%
4'%%
Roeser
Rolland
11-30
12-12
11-30
$62VaC
Rochester; Button Co. (quar.)—i L
25c
Rochester & Genesee Valley RR. (s-a),___
$2".
Rochester Telephone Corp., common (quar.)
<
"
20c
7
12-
12-31
12-12
2
.
12-31
$5c
12-20
$1.50
r
L
-
50c
Ltd.
2
1-
12-31'
1-
(quar.)___—X_—_——
,*;•
•
12-31
1-
Co.—
(quar.)
7
1-12
1-1-46
12-20
15c,
5%
prior preference
Robertson; (P. L.) Mfg. Co., Ltd.
$2.50 preferred (quar.)——_;
;■
12-11
51.50
•
2
,
51.25
'
8%: preferred'-(quar^,——„—.
Nova Scotia Light & Power
.•
17V'aC
Corporation—
12-15
1-
2
—
Water
(H.
Robertson
12-15
12-20
V
2
$2.50
1-1-46
Mil¬
pfd. (quar.)
2
1-
.__y_y-_
$1.25
National. Insurance
waukee)
(quar.)
Northwestern .Telegraph (s-a)—.
NPrwalk Tire & Rubber Co.r 7%
1-
-
12-31
$1.75
*
Rickel
12-15
1-12
37V2C
common—.
2
25c
62 Vic
Leather
$1.50
Bros
Richmond
,v
J-15
51.75
(quar.
Employees stock",
Pneumatic Scale Corp., Ltd.—
"
Common
(yearrend)J
7% preferred (quar.).;
(quar.)
(quar.)
1-
$l
y
1st preferred
Richman
,
common______^____
Mines,
2
1-
(accum.)——,
__—
1st preierreu
Riverside
Fashion
(Thomas G.)
7%
12-15
15c
_______
12-13 '
1-
30c
'7
7% 2nd preferred. (quar.U
:
2
$1.12%
common
12-15
2
$1.12%
—__
5%% pfd. (quar.)
(quar.)-___—
Co
Tobacco,
J.)
2
1-
75c.
3.60% preferred (quar.)—__1X—
Rhirielander Paoer Co.—
.
Planters Nut & Chocolate (quar.»
Pleasanc Valley Wine
'
Plough, -Inc.
'
Plume & Atwood Mfg. f quar.)
' V-Plymbuth: Cordage, common____».
12-20
25c
Plant
7%
(R.
12-21
9
(quar.)
7%
preferred (quar.)
Pitlsfield & North Adams RR. Corp.
' Pittston Co.. 55 Class B pref._
Plainfield Union Water Co,(quar.)
-
;
9
1-
—
12-31
I* 2
1-5-46
25c
class-A——
preferred
preferred-, (quar..)—
Norwich
3
93%c
B
Preferred,
2
'
..
——
.
Common
12-20
$2
—:i—
titarthwestern Electric 6%
Northwestern
11-
Pittsburgh Equitable Meter (quar.)_^_,_|_
Pittsburgh Fort. Wayne <fe Chicago Ry.
'
12-20
50c
•
(accum.)___T
V
-
12-20
75c
Co.—
2
_Z.
'
Crow
Full
; •
12-15
51.06%
preferred (quar>)____
I
12-15
:
Spring
Rejmolds
1-
$$3.25
7
Brass,
Bros., Inc.
Reynolds
9
$1.90
(quar.)
J
Mills, Inc. (quar.XL.
Pittsburgh Bessemer & Lake Erie RR. (s-a)
3
75c
5%:, preferred ;,(quar.)._———:
Northland Greyhoud Lines, $3.75
pfd. (quar >
Northwestern
"12-
2
1-
12,/aC
Pillsbury Mills Co., $4 preferred
'
1- 2
(year-end)
.
Northrop. Afrcraft,
.
71%'c
—■
A
Pickle
'
•
75c
preferred
(quar.)
Co.
2
Pilot
—
7%
2nd
Copper &
12-20
.
(quar.) L
5%% convertible preferred (quar;,
,
,
>'■
(quar.)
preferred
Pick (Albert) Co., Inc.,
3%
preferred
(s-a
1-16
2
1- 2
*1
preferred
non-cum.
1-
I
.5
.
Reynolds Metals Co., common
12-10
"51.06%
Phoenix Insurance-Co. (Hartford)
.
100
(quar.)
7%
1-
,'.V.
12-10
1-
________
'
2
dlv.)
for each
Northern Central Ry. (s-a-)—-.
Northern Empire Mines
(resumedi—i
Mjrthem Indiana; Public. Service—
Class
1st
Extra
2-
,1- 2
1- 2
$1.36
common (year-end)
(quar.)_^__
preference common
5 V4 %
12-6
12-22
Revere
5
12-14
20 %C
4%> preferred
(quar.)
y___
Phillips-Jones Corp,, 7% pfd. (accum.)_____
Phillips Packing Co., common
1-15
2
1-
Extra-
'
'
12-20
1-10
51.50
A-i—
common
Gas
1-
25c
SI
pfd.
Manufacturing
Oil,
Co,
Special.
Investing
■
12-15
15c
(quar.)__—
:X—-■
preferred (accum.)— '
Reserve
12-14
1
1-10
"
preferred (quar.)______t____J._i
y
Philadelphia Elec. Pwr., 8% pfd
<quar.)___
Philadelphia Suburban Transportation—
5% preferred (quar.)
Phillip Morris & Co., Ltd., common
1-16
1-
2-
2
1-
,
pfd.
2
1-
.
$1.75
(quar.)—
$6
1-
:
11-26
'
,
_________
Corp.
8
4
$1.50
—_
preferred B
8
$1.25
Rice-Stix Dry Goods Co.—
4.4%
-
12-14
(year-end)
Judd
preference
$1
'
i——i—<
Co.,
North
6%f: preferred
&
12-24
2
'
(
5% % preferred (quar.)_
North American Rayon, class
-»forth
3
1-
Rubber
Philadelphia Electric-Co.,
1 '
'
1-
2-15-48
25c
preference
$4
12-17
93 %c
pfd. (quar )—
B
American
Class B
12-14
SI
(quar.)
Car
sharevPac:
shares
12-14
2
$1.50
;! :■:
(quar.
(quar.)—
American
North
2
2
"
Newport News Shipbuilding & Dry Dock—
$5 convertible preferred
(quar.)
Niagara Wire Weaving Co., Ltd. (quar.r
Ndma Electric Corp.—
_Norfolk & Western Railway Co.-—
$6
111-
8-15
$1.25
—_
preferred
Adj;
1-15
Mining—
Newport Electilc Corp.—
North
$3
12-15
J.70c
(quar.
Philadelphia Dairy Products (stock dividend)
One share of com. for each 25 shares held
r
1
$1.50
Y.)
Newberry (J. J.) Co.. 3%%
6%
12-
1
$2.50
■
(s-a)
-*£*.■-
Trust
&
55
$4.50
(s-a)
Honduras
Tire
Philadelphia Co,,
'
(Year-end)
New
12-10
1-15
1-2-46
$1.25
—
12-22
2-
6%
Reymer &
-
t v.■
>•
Pharis
$2.50
RR.
•>
12-15
$1.25
(accum.)_.
Harlem
preferred
Milk Co.r—
55
RR.,
12-20
4-1-46
50C
,
(Pittsb'gh)
preferred
1212-
12-22
1-
50c
Republic Investors Fund—
6% preferred A (quar.)
;
<Si
—
12-22
2
12-31
40c
muar.»
2
1-
12-20
12-24
60c
Water
2
-
1
(qUar.)
:
New York Chicago & St. Louis RR.—
New York
■.>
Pet
8
1-22
2
50c
—
.
1-
5%
Republic Aviation
Republic Pictures,
Republic Steel
Works, 7% pfd. (quar.)___uHere Marqitette Ry-. Co.—
•
; ."V-rVv
5%
prior preferred
(accum.
Perfect Circle Co. (quar. )___„—;
,
12-15
Auction Co.—
-
5
t:„
1-
$1.18%
12-
:
2
'
.
.
Rand, Inc., common...
$4.50 preferred (quar.)
Renner Company
\
,
■
12-31
1-
60c
Remington
1
1-
;
i
12-31
1-10
51'.
(accum.)
112-
12-31
Ltd.—
12-31
1-25
1-2
•-1
93 %c
,
(s-a)_________
Insurance
Life
8
_$1.63
& Coke
Grain Co.,
1-14
$1
$1.25
50c
.
;
preferred
$6
Peoria
preference
2
1-
50c,
J„__
12-17
1-25
$1.50"'.
(extra)
4
12-21
•:.(
4
?»■
.
35c
preferred
.1-
7 12-12
12-81
20c^ v*T-19
26c
Co.
1-
■;i
$3
(s-a)
—
35c
____
(quar.)
com.
dividend
York
$5
—*
Public Service,
12-
12-27
2
.'
.
:
Laboratories, Inc.—
conv.
6%%
■
$2.80-pfd.- (quar*.).
tquar.)
preferred (quar.)
30c
Reliance
12-14
1-16
$l
4V4• preferred
(quar,)
4%% 2nd preferred (quar.)_
Pfaudler Company
51.75
1-
75c
!
-
•
Peoples Gas Light
;
1-
1
____
'!
12-31
85c
(quar.)
Reeves-Ely
f'
preferred
$5
1
1-
30c
.
1-15
$1
Common;
•
•
1-
40c
■
_i
v'
$1
3 3 Vac
(quar.)——
Extra
/
.
12-21
(quai'.)
$7
preferred
•
Pennsylvania Sugar Co., 5% pfd. (quar.)___
Pennsylvania Water & Power Co.— !•
12-15
12-15
■
12-15
4
•xv
preferred
$6
:
2
2
$1.50
t
$5
2
11-
(quar.)
New Jersey Power &
Light, '•#■%> .pfd.
VfeW London Northern RR.
12-15
$1.50
-
______X_
___
Water
1-
2
1-
JvV,
________________
"■
13c
(quar,)—^
New England Power Co., 6%>
pfd. (quar.)—_
New England Power Association—
6%., preferred (accum.)
_
$2
1-10
'
,
25c
-
__________
1-
$7
11-21
Reliance
Pennsylvania Glass Sand Corp., corn, (quar.)
5% preferred (quar.)
-—
Pennsylvania Power & Light—
'' 4Vz%
preferred
(initial)
12-17
1-2
$1.04
New
2
1-30
12 Via
12-17
1-
20c
Neptune Meter Co., 8%
■
1-2
2
y
12-17
12r.l7
12-10-
12-31
V. r;
,
(quai*.)_'
(Pa.) „(s-a)_
Hosiery Mills—
prior preferred A (quar.)
preferred (quar.)
$5
-
12-31
1-
25c
_______
_
1-15
51
V
.
i i
X—.
Silk
Real
12-20
12-21
1-19
v.
•
10c
Reading Gas Co.
.;••
-
*
preferred (initial quar.)
$2 preference
(accum.) ■
National Vulcanized Fibre (initial),—.—
Nehi Corp. (quar.)
12-31
12-ao
.1-19
10c
.
Rayonier, Inc., $2 preferred (quar..)________
Raytheon Mfg. Co. $2.40 pfd. (initial)—
Reading Co., 2nd preferred (quar.)____——
12-17
1-15
$31 s/4c
$5 preferred
(quar.)_^___r.
-PtPMaj-J 1 tmbrJwgt-Co1 mpun'
12-15
«■'
\YiYc
V 12-31
(quar.)...
Pennsylvania Co. for Insurances
1-
12-15
11-30
.
Raybestos-Manhattan, Inc. (year-end)
12-15
—
-.Granting Annuities
35c
12-20
2
V
Packing
•;•
.11-30
•
(quar.)^™^—..T/ 30c v*"tl- 1
(quar.81.25 •.* I- .1
(resumed)
preferred
12-20
7
convertible pfd.
Purina Co., common
preferred (quar.)
3%%>
'£
(quar.)
preferred
5%
(year-end)
1st
Ralston
•
...
Casualty (N. H.), 6% pfd.
Peninsular Telephone Company—
Common (quar.j
12-15
1-2
2
$1
Peerless
12-15
1-2
1-
'1-
-
Rath
2
,;1~ 2 ;•
.
(quar.)
6%
1
1-
B
Common
i
10c
$1.25
—.y-W.:
12-15
"
12-15
11-24
12-28
:.-',.75c
preferred
2
<*
1
5
1-
1-15
87M.C
■
shares—
1- 2
r
:vt
80c preferred (quar.)
Railway Equipment & Realty—,
l-
1-
50c
Enterprises—
American
2
50c
7.
Mines
Consol.
1-
37»/ac
________
.
Industries
Patino
1-
——-t'gae
(
12-31
Class
12-15
50c-
L
common
$1
-
Railroad-Employees Corp. Class A (year-tmd)
i.
4
20c
,
pfd.
,
'
•
-
preferred" (quar.)———.——
B.)
Inc.
(extra)___:—:
—
Serve!, Inc., $4.50 preferred_
-
$1.37%
1
20c
■
1-
2
--"1-12
20c
1-12
1-, 2
.
12-15
12-15
-
—-—$1.12%
—-;—
•
.1-15
%
■v-"
preferred .(quar.. $62%c
2- 1
Quaker Oats Co.r common. (year-endj__ya^—51.5(1.+ J./I-10
Corp. of America common
20O- -.V1-29
$3.50 cony, 1st preferred
(quar.)y____i——r.&JYac.. ir l- 2
12-18
1
1-
10c
$2
cm-f,—„(
1-5
51.37 Va
37Vac
1
$1
National Screw Mfg. Co. (year-end)
National "Standard Co.
(quar.)XX-*_
National Sugar Refining
National
Supply
Co.—
Utah Consol Mines.:
Patchogue-Plymouth Mills,
1-14
-
1-
1-12
$1
Bottling.
12-31
25c
,_XX-,--
_
25c
I,
■
•%!
...,
.
12-15-
2-15
Purity FlOUr Mills', 6%
12-15
12?15
$1.50
12-20
$1.50
r
2
$1.75
1-
2
t
1-
83Vac"
1-15
1-
;
Hrl3
r
Eastern
(Oklahoma)—.
convertible
Pure Oil CO.,
12-30
Lines, convertible pfd.__
Coca-Cola
Panhandle
12-17
2
11-13
1
1-2
(year-end)
preferred
(qunr.)
Panama
12-20
-
1
1-15
(year-end) ^1--■
Pipe Lines,
4%
preferred (quar.);
Paraffine Companies, Inc., 4%
National
Car
1
1-
6%
;•
.
1-
■
50c
:
1-
2
1
•
$1.06 V*
Manufacturing Co., common (extra>_
Page-Hershey Tubes (quar.)
Pan American Airways
Corp (irreg.
12-10
1-15
12-
51.12'/a
Pacolet
12-28
50c
.
12-28
', .1- 2
$15c
Corp., $5 pra.
q"u»V.)--i£V:Telephone & Telegraph Co.—
\
;
*5%
Co.
32-13,
12-13^
11-30
*55c ;4*15
$1.25 .- -12-31
$1.7512-31
(quar.h
."50c •
12-24
7%
original preferred (qUarX____—-—X V $1.75 V? 1- 2
:. Puget Sound Power & Light Co.—
•'
f '
$b prior oreferred (quar.)—:',•
$1.25 %-l-15
Paget Sound Pulp & Timber, common——.. ;'
25c-t
12-29
Inc.—
20C
____
^-National
7
12-
(monthly)
Radio
tl? r-
(quar.)
Service
1-2-46
; ..20c—12-3-1.
—
*55
'
Common
1
U5c
$5 preferred (s-a)
—J
X
National Manufacturers & Stores
(increased)
National Pressure Cooker
'*
i
(quar.)
J.,.. common____
preferred (quar.)
;
•
7% preferred (quar.)
j. Publication Corp.,. common
12-24
1-10
$50c
;
Co.
N.
4% preferred (initial quar.)_
Public Service Electric & Gas Co.—>
k
'
Pacific Lighting
Pacific
7
2
•
-
"*
12-11*
2-
12-31
$4
'
•
(Initial
12-31
1-15
1-15
'
7
,
preferred
12-
t37l/aC
-
Electric
&
2
12-31
w
$4.25
(year-end»
50c
—.
6% preferred Class B (quar.)_
National Linen Service Corp.- (quar.)
Common
(quar.)
,___L—,-_L
—:
$7 preferred (s-a)
C7
„»,y
r
1
12-15
—
•
prelerence (quar.)
Robinson (extra)
Greyhound
4%
1-
10%.
-
12-31
$70c
-
-
cum.
Pacific-Indemnity Co.
1-
29 %c
•
(quar.)__
com.
(quar.)-
1-15
25c
Rational Fuel Gas Co. (quar.)
2-
J
12-15
■
Gamble
Gas
1-15
51.75
-National Container Corp. 4%% cony. pfd.
Common (stock dividend
h
'
National Fire Insurance
(Hartford), (quar.)
21-31
12-14
'•
preferred
i, Public
1-15
1-21
1-15
25c
(quar.)__
•
'
Fisheries
Pacific
$43c
Co.
(quar.)
:__
Register
(quar.)
National Casket Co., Inc., $7 pfd.
2-15
75c
$$1.25
Investors,
Pacific
1
1-.2
2-15
12-20
SSYaC*
<m6nthly•. L
50c '£ 1-2-46
(monthly)____y-L~—41%<t-i^l*^2*46'
Cotpj of
___
6%' preferred. .(monthly)—
12-14
2
37J/2C -v^ 1- 2
(monthly)
preferred
6%
1
.12-15
.
—
Public .Service
(
prior preferred (quar.)_—____
1-
15C
t50c
(quar.)■!_
Cash
National
2-
Go.—
■5%
1
J25c
1-
$$1.72
(N. Y.)-^
12-17
12- 8
12-22
.
Service Co. "of Colorado—
i
J
■
;
'
-
12-31
(quar.)
12-31
preferred
7-%-
.
12-10
*
$2.50
.
preferred
t
12-10
'
12-31
,
Public
12-19
12-il
preferred
Quarterly'
!
12-28
12-31
$1.50
7%
Public National'Bank & Trust
■
12-10
7
'$1
-
(quar,d---.---4.-4i--^iw-i,
Pacific
1-
1-
loc
-
Providence. & Worcester RR.i (quar.)—V—;—1,,
Provincial Paper Co., Ltd.—
12-34*
.
.
12-11
2
10c
-: -,■%
conv.
$1.50
2
1-
37VaC
__X.'
(quar.)———
National
National
$5.50
1-15
1-
50C
jX--.;.—
(quar.)
preferred
Illinois Glass Co.
Fibre ; Brush
Co.i
"
"V /
■
&'Share-(quar.)
Breweries, Ltd., common
2-1
54.50
"
51.75
Bond
National
,
1-16
-
1- >2
1-
$$1.75
Owens
56 Vic
12-20
'
54.25 preferred iqiiinr.-)-.12-15
12-15
2
l
2
-
$1.75'
51.25
V-' $2
;
.$1 25
(Minn.)—
2
.
Co..
Biscuit
Power
5C
Nashua Manufacturing Co., 7% pfd. Class C
$2 2nd preferred
(quar.) 7_
Battery
Tail
2
75 c
•
12-20
1-
preferred (quar.)^.!
1-
-
System
6%
preferred
(quar.)^___
Myers:;(F. E.) & Brothers (year-end)-.——
Narragansett Electric 4%%? pfd. (quar.),___
National
5%
37 Vic
Extra
Mutual
Mational
-
Otter
11
12-20
2<
25c
—
,
12-20
12-22
30C
10c
12-20
2
1-
:
Electric Railways (quar.)_i
Light, Heat & Power Co., Ltd.—
.Common (quar.)
30c
(quar.)___
2,
1-
Ottawa
-
__
:
1-
C
Ottawa
,
12-IO
1-2
1
,.J
preferred (quar.)^__-_^__^_i-—
Orpheum CO,, Inc. (year-end)-
12-31
■
25c
non-cum.
60c
Mutual
(initial)-
-
_,
—
Mutual
'
12-15
Jl-30
preferred
12-20
'
Eleetric
8%
12-20
$b'
Debenture
Rockland
&
(quar.)^——- ._.$3c. -1-15
5 Va% pfd,.-(quar..).yy .$$L37V'a.,-._»l-: 2
.Co.,
2-
1
(quar.
Go-.,- Ltd.—
&
Gamble
2
(quar.)_____^„-_t—_
Products
Brothers
1-
•'?
•
5%
.
Murray Corp of America 4%
Company (year-end)
Mater
&
Steel
Orange
Proctor-&
of Rec.
12-; 7
Mines
Dome
I-
Oppenheiin Collins & Oo. (year-«nd)
Orange Crush, Ltdl.TOc eon v. pref. (accum.)
1-19
.
1- 2
t$L37»/2-"
5-15
8-15
2-1
$1.16 34 •"
< quar.
-
Price
:
Holder 9
^1- 2
$1.25
(quar.)
preferred (quar;)
7%
2-19
Co. 5% 1st pfd. <quar.)__
Manson Line, Inc. $4 pfd. A (quar.
$4 preferred B - (quar.)
—,-_%_7 ."
v
t
12-15
$1.50"
Inc., common
preferred (quar.)l
Ontario
12-11
2-
25c
1.. :
$1.37 V'a
1.
Common
——
(quar.)
2-15
2-
When
Bhart>.* Pavable
„
52
(quar.)
Omnibus Corp., common
(quar,)-_^
8% preferred1 (quar.
-
(quar.)
-
„
*
-
3
1l-
«
(quar,).__
$1.75
:
pfd. -(quar;)——__
$5
Insurance
Nama~of Company
East
Preston
**.
.
piin; Industries, Inc., common* (extra)
"'4% preferred A ;(quar.)
0%
12-27
$1.75
"(quar.)
A Tel.
Mollins Manufacturing—r
$7
3-
•
Service Holding,
Omar,
12-28
t
(quar..)___..,--.
$2,y.._1^15
Propper-McCallum Hosiery,, 5 %> pfd. (s-a)—
$2.50..,
1-2
(Proprietary Mines, Ltd. (interim)
$5c
.1- 9
tquar.)______^______—
Service 5% preferred
preferred, .(quar.)
(quar.)
7% '• preferred (quar.) ___•
'Old. Colony
12-31
2
1
81.10-
preferred
Ohio
12-24
1-31
1-11
preferred
Public
6%
*
12-19
10 c
..
•
1-
$1,50
-
5V4%
-
12-14
50c
■
preferred, (quar.)
2nd
Ohio
12-14
1-2
•
11.75
t
(quar.)___—--
common-
Per\
Pressed Steel Car -Co.
12-28
1
1st
',7%
12-15
Mount Diablo Oil Mining & Development Co.
Mountain
8%
7
12^15
2
12-24
62 Vac
1
L~«-_.i—,w„-
a.
12-
12- 7
•
Bank-
*
•
2
1- 2
25c
Cafeterias
Plan
2
1-
593,4c
(quar.)
Cons., 7# pfd. (quar.)
Morrell (John): & Co. (quar.) .—_______
Morris Plan Corp; of America _______
:—
Morrison
Mills,-
•« ".;y,
of Reo.
1-29
-
■
t25e
Cities Wa4;er, $6 preferred(accum.)__
Ohio Edison Co.,-54.40 preferred (quar.)-—
Ohio Leather Co.—
Holder t
-
Payabla
tec
-
Ohio
1£- 7
,
—-—
Flour
12-15
1- 2-
-51.75
_-
-
'11-30
2
1-
-
$1.75
-
(quar.)
common
Ogilvie
,
preferred A (quar.)—
preferred B (quar.)
Moore Drop
Forging,
common-___~_
4%.%
conv.1 preferred
(quar.)__.—_____
7%
Lines,
2
7
Shara
*
MineS__-,__--^,-j;_u—1--^^'
1-15 ;
-
*
t55V20
••■466 Vac
7%
Moore-McCormack
12-
: *. jiaTntrof Company
t
O'Brien-Gold
1-
t48c
•
•
12* 7
1-2"
When
POT
0} Jtao.
^
Montgomery
■'-
Monday; December 31,1945
.
12-18
1-
2
1-
2
12-12
-
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4451
-
Per
_
7 "^ nine ot
■
dompant
.
jVV-'
.
.
Stores
Co„
(increased)
Corp.
Yr
2
12-15/.
1-15
Association
1-
2
1
12-
"123c
,
2-25
1-12
J3c
.
-
2-
;
preference (s-a)J'Ltd.—' .*-r
67t>
;
11-30
/ Trunx,
'$$1.25(
preferred <q ua r.)______ „_™-'—: !
Simmons-Boardman-Publishing—■;,/
5%
:
Sinclair
Skenandoa:
'
•"
5%
2
$1.25
1.-
2
12-15
1-
2
12-24
iquar.t™__™™
$3' 50c
1>
.
(qtiar.i ; /:./_/™™™___™__;/
Smith (J. Hungerford) Co. (quar.)_
:—
Smith (Howard) Paper Mills,;common-.'.:..,,
>
6 ",'o
preferred -(quar.;)———
2
$$1.50/.
•
/:
2
12-15
Quarterly
Corporation
■j
2-
'2-15
1
'
2
Union
&
Carbide
Union
Pacific
■
.42-15
5^fo.
1- 3
12-10
'12-21.
1-15
•
Z™.l~l-.
2
2
12-10
12-10
Extra
12-20
:
13c
Ltd*, (s-a)$26c
1-15
12-31
3-1-46
100
1- 7
/
.2-15
,
United Merchants
.
"■
'
———.———<— -c—_a——~
Indiana.Gas ■& Eiec.— ;'
Southern
12-20,
preferred (quar.)——
New England Telephone Co. (quar.)
Southwestern
Associated- Telephone - Co.—
$1.20
2-
1
1-15
(quar.) '—i-l-l
1
Southwestern Gas & Elec., 5%" pfd. iquar.)l
Southwestern Life-insurance Co. .(Dallas)—f.
preferred
$6
;
(quar.)"_-"_"*/"r r
( Bklyn.)
$1
Standard
Works
€ l7e
convertible- preferred
-
Canada,
Co. of
'$$2
61st
1
—
/■•v.
(J.
Superior
Swift
&
(JamesInc.,
Talcott
12-21
1-
-
30c
$1
preferred
Corp;,. .7% :
Oil
Power &
Texas
preferred
$6
Inc.,
Textiles,
~
12-20'
1-10
l-
conv.
'
$3.75
12-
12-
Title
Top
.
' :. ./:
.
—
Canadian non-residents' tax.
Z
JToa*
tax deductible at the source.
7%.
a Less British Income tax. 'Z,
.
.
.
Chairmah'
..(;•.** :.•» ...
officer of
.
as Chairman of the executive
Vice-President and director, becomes A
j
>•
r
V//
also announced the election of R. T. Haslam, a director
J.' R.
Suman,-fa
.
-
.
,
of Cuba__^„ '
12-31
preferred
(quar.)
6%
preferred
Vulcan
Corp., $3 conv. prior pfd.
2-
;;
r
•
12-15"
3
Special
1-
$3
12-31
2
12-
1-
2
1-
2
10-29
2-
1
62 Va c Z,..-
:
.
ioc
1
)
56V4c
,
r
,
$20c
,
$62 Vac :.
!
ioc
•,
.
..
$5c.
i
V
—
12-20
2
/
1**
$1.50
2
-
1-
1-
1-2
31 Vic
West
7%
West
6%
7%
Jersey
.1-21
.
1-
Penn
*
"
L
(quar.)
Virginia
Virginia Water Service—
Pulp
&
Department
Eledtric-Col;
1-1
12-15
7%
12-31
12-15
Western
$1.12%
12-31
12-15
Land
2
12-17 *
12-20
1
142
1- 2
12-15
Stores
Inc?
Western
12-15
12-11
'$1.75
12-31
:
5%
(year-end).
93 % c
.
1-3
12-20
1-
10c
12-10
1-10
f
12-17
1- 2
20c
.
12-20
12-
5%
New
Pacific
$7%c
—
1-15
1-
2
2
1-
2
12-31
1-15
12-20
•
.5%
1-
2
12-20
12-31
12-26
1-15
-
AOc
-
*
Westmoreland,
Weston
12-14
76c
3IV4C
1-
5
2-
1
>
12-20
1-15
12-31
12-31
RR.,
(quar.j—
75C
—$L2P-
Inc.
(George)
(quar.)
Ltd.'(quar.)—;
„
*>45-46
1-10
1-2-46
50c
$1.25 '
1
9
1.-
:
Dec;
: and
.
of
12-27
12-18
1- 2
25c
$20c
2-
2-15-46
12-15
1- 2
J4,2-10
-
•
-'
122,780
546,163
441,096
*
213,501
i
$5,009,294
—
$2,348,518
162, p. . 3120.
was
Propane
made in
Gas Corp.—Securities Offered—
issue of Dec. 24 of the offering
our
the
to
12-14
1-15
$75c
$$1.75,
2
—
'
public Dec. 21 byZau investment banking group
headed by Eastman, Dillon & Co., of $4,500,000 12-year
4%% sinking fund debentures due Dec. 1, 1957, and
493,15$ shares of common stock.
The debentures were
priced at 103 and interest and the common stock at $9.50
per share.
Further details follow:
The
$4,500,000 12-year 4)4%" sinking fund debentures are dated
2
common
440,003
'
Mention
1-
(quar.)—
151,079
435,286
»611,300
347,164
12-27
1-
preferred
130~553
446,650
12-15
'
$1.25
preferred A (quar.—s—•
—1—1——
—J'
of
revaluation
Z'-_—,—™—.
—
Suburban
,
•
$1.50
common
229,817
427,953
——__™
to
.
12-15
1-
(s-a)
Ry., com.
assets
due
69,886
~~6"336
6,820
—
surplus
surplus
surplus
Total
-V.
50c
»
—
common—
7,360
advance^—
in
-I™
($1 par)
27,138
332,032
4™—
stock
33,776
.
•32-20
■
_______—1—
&- Penn.
Western Tablet & Stationery,
1
12-31
$1.25
-
2
fixed
1-17
■
$1.12,/i
paid (s-a)_- *"$$1.20
(year-end)_
~ .'
50c
Co.,
inc." taxes—1945
Fed,
payable
Appreciation
" Z-
(qhar.)———J--'
: 234,727
147
2-15
2-15
-V
(s^a)—
York
preferred
Western
5%
Telephone
&
Capital
12-17
•
$1.50
20c
preferred
Western
2
Light
l-
$1:75
;
;
.
stockholders interest
—
Preferred /stock ' ($1.50
cum.)__—-Z——
Common
46,047
60,403
*
2
;
Ltd., common (quar.)
(quar.)———
Grocers,
preferred
contract
•
82,882
' 88,184
.
Minority
2-
-
—_
Total '.reserves.
2
(quar.)—
(Toronto), 12%
Assur.
Western
12-28
12-17
1-
12-31
"
estimated
:
.
profits taxes payable
deposits, received
1-
12-24
$1.12Va
—
Paper
:
and
Earned
"
i_
2
Rent
111,362
207,511
deposits
for
$250,000
$1,250,000
commissions and expensesaccrued-^-other than Fed. income™.—__
1-
$1.50 :
—
—_—
'
$2,348,518
,
salaries,
Provision
1
Z
———,—
1-18
19-
'
;
''■
'/
1
$$1.75'
.
29,796
$5,009,294
—I—™—
——
LIABILITIES—
2-
25c
*
494,273
40,175
etc.—™—™—-.
Federal income arid excess
50c
(quar.)--——
West
Western
isna)-.:
common
West
25c
1-
Total
1-18
Light, Ltd.—
(quar.)
'
1,099,233
—
taxes,
Notes
50c
(quar.)——Z.
preferfed
$$2
$40%c
:
...
$1.5d
——-
Power Co.—
66~879
330,129
12-14
2
$1
(quai*.
Electric, class A
622,822
839,864
—
(net)
insurance,
1
1-31
(accum.)
.'Prepaid
2-
(year-end)
&. Seashore,
preferred
preferred
Penh
2-18
'
assets
-
12-21
25c
—
■$4.50 preferred
12,-15
,
145
; ;
1-2
62Vic
J_i—Z--.
Iric.
Western
5%
1-31
33%c
_________
(quar.)
preferred
4ViVr
12-15
•
Mills common
(s-a)
West Kootenay Power' &
/
West
.
quar.)——
Warren
Mills,
612,177
.___—;
:
Customers'
12-15
,
fixed
assets.-
12-17
1-10
2
Total
-
1-4
(initial
;-.Wesson'Gil & Snowdrift Co., Inc.'..——_1—-
.
2
.2- I
.
other
50c
2/ .12-15
1-
25c
62>2C
Total
Taxes
12-18
'
2-.1
,vU. S. Government securities, at cost
12-15
:+>
Z
31/44
$522,572
reserve)—^
12-31
2
Dec.
925,359
hand——™—
(less
12-22
11-27"
2-1,
/$1.50
'.
11-27"
1-2
$1.75
.
2
1-
50c
on
receivable
$734,979
1,039,555
'Accounts
and
1-2
Wellington
Sterling, Inc., recorded
report taxable income
by
filed
-
Sept. 30,'45
banks
Accrued
preferred
.
the
CONSOLIDATED BALANCE SHEET
in
12-18
6%
as
the
period
represeixts
ASSETS—
Cash
1-10
1-10
J '
i/i
$172,947 -"$97,758
$0.40 '"
Nil
x-epresents
months
made
returns
tax.
intalment. basis.
the
on
12-18
Pictures
i.-i—----*
column
instalment, sales
made^-income
sales
1- 2
Wayne Knitting
l*>-27
1-
50c
such
12-28
12-15
,.1- 2
10c
Inc.,
as
payable—banks
Accounts payable
Bros.
*
>
12-31
$1.12Vi-
Goods (quar.)—
7% preferred (quar.)—
..Wayne Pump Co.
,2-8"
'
43-%c
full
12-15
7 1
7/.
.
$The
1945.
this
in
amount
companies, for the nine
amount in this column
1-2-46
(quar.)——
Dry
Watch,
•
combined
ended Sept.
business of
only for the nine months period ended Sept. 30, 1944.
the
$1.75
"
.
12-
..12'-
2-1
per-common,share™-
fThe
§These totals include
12-21
1-10
$2.25
25c
$1.75
62Vic
Brothers Co., $1.35 Class A (quar )
.'
$2.50 Class B (quar.)—__——_,—— •
i Waukesha: Motors Co. (quar/)———Z_L—
;
12-14
.
,
all
^r-15
1-15
•
/t
"
(accum.)__
—
$2.50 class A.
Denver
Warner
12-14.
1- 1
i- 2.:
30,
on
1-19
5^%
12-14
,i- 2
2-28-
income
of
12-20
•Waltham
,:i2-j 8
12-31
totals
12-15
12-17
'
'
1- 2
Walker
"
"
—____—_
1-2
Co.
332,032
-
4-15
2
I"
-
15,888 >•■
profit
Earned
44,568
33,580
•
^
Net
in
1-31
-
bad debts
depreciation
and excess profits.-
Income
...
145
8-1-46
$$1
"$53,188
17,031
for
Baking Co. com. (initial)—15c
preferred (Initial quar.)
$1.37Vi
Ware River RR. gtd. (s-a)__l
——
"
$3.50
:
12-20
$3c
System, Inc.
preferred (quar.)
Walker &
■
12-15
1-
7c/o
for.
Provision
^-—
"
/'
preferred
(quar.)—
prior
Z
5-1-46
."-,30c
convertible
income..
Provision
12-17
1- 2
2-1-46
10c
'
"$63,368
10,178
exps
'
12-21
$1.75
tquar.)
Ltd,. (quar.)-_^_
Waldorf
■'
pfd.
-----——
Wagner Baking Corp.—
5
12-14
1-2
Co7%
—
Cotton,
12-21
1-
001,717
$423,935
operations
"Deficit.
75c- t
2,980,736
147,544
from
admin,
income
Net
1-15
.12-20
12-31
:
25c
Wabasso
1-10.
2
37VjO
37'.2C
,
$1944
$838,350
$3,404,671
allowances
r$571,478
sold,
Sterling,
^Extra.'
Works
Other
•
;
■
l:
1-
35c
.Z™—
(quar.)
and
selling and
goods
1-2
*4/
37Vac
(quar.)
.
z*
$$1.25-
—
Sept. 30discounts, returns
less
of
fZMin'ority interest
12-21
1-10
..
'; 50c
.
(quar.)—
J2-18
12-
1
1-15
"
.1245
12-31
62Vic ?
Detinning
2
?Sa)es,
Cost
.
Si
..
+ 1945
9 Mos. Ended
12-10
''/•"■ /'V/
preferred
,
^Sterimg^Inc^i^Subs.i—EarmpjgS:
12-20
2
1-15♦
12-?a.'
.5: V;12-18
5
12-18,"
1. v .1-16
2
12-11
62Vic • 1-2-46 * 12-22
17Vic
.
(year-end)
•
6%
Iron
$1.25
(accum.)—_
I
•
dividend.
—
12-29-
Profit
(quar.)___
Corp.—
Works
Vulcan
1-
.
.
—
*. ■('
.
rwf*,
1
(quar.)
Vulcan.
2
—
(resumed)-—;
1-15
*
'
1
(year-end/$10
12-18
2
1-
-
Guarantee- JNew. - Orleans)
this
Z Z
'
Vice-President and "director of the company, as
Gallagher. ,
I Y
•.•.*.
t
Holman; President, continues as chief executive
a
Eugene
1240'
1-2
1-
$1.1834 \
1-—
/
(quar.j__„/™_
preferred
5%
Bondholders
Common
>7,
12-14
(quar.)_
Products-Export
;
.
2- 1
the oompany and succeeds Mr. Gallagher
;
;*
Mills_
.6%
...
12-14
(extra)
& .Nftge,
Tobacco
11-30
succeed Mr.
.'committee.
12-29
1-15
*
/ 2-1
•10c.
(quar.)
*
12-29
.
~r-'~r
"
Tip
12-15«
1-15
xa-w
Ward
—
for
*
member. of. the executive .committee*,
■
;
8
1-
/
90.C
Inc.
Co.,
Corp.—
Virginian Railway—
8
1-2
(quar.)
Tailors, Ltd.
;
(quar.)™™____/
A
j
8
12-
76c
.
Associated Oil, com.
preferred (quax,).-,
Tilo Roofing
3
1-
*
pfd.'(quar.)—
Tide Water
Abrams,
; to
.2!,-; 12-20
1-16
<qtmr.7—"«tS"
Inc.—
Cotton
Chemical
Victor
3
1-
.1-2
—
Ltd.—
1st.preferred
Stores,
Ltd.,
Common, vtc.
Z
12-15
30c
(initial)
preferred A (initial quar.)—
6V2%
,
Viau,
2
v
—__—_4'
$3.50 preferred
closed
Canadian funds,
35%; resident tax,
20c
..Vertlentes-Camaguey. Sugar Co.
.
Victoria
$75c
Drug Stores,' common
4Vzvo
Thrift
Ltd..
Mohawk
&
12-15,
$50c
'
(quar.
preferred
1-2
15c
,
(Continued from page 3200>
4
.
87 Vic 4
Wire Co.,
&
Stockyards
12-17
2
2
10c
$3.60
not
in
12-17
12-20
"
1-
+50C
|
—I—
12-
General Corporation and
zZz
Investment News
z
12-17
' ^1>75
'/ ■ 50c
-V--
-.
-
•Utica
1-
25c
preferred (quar.),__
J
—
Textron. Inc.. $2:50 prior preference——
5% conv. preferred (initial quar.)__
Thatcher Manufacturing Co.—
.
' ,
Common
(stock dividend)
Thayer's,
3-15
6-15
Shoe Machinery,, com.
iquat.) ,_>
.62VaC'
1>
6preferred jquar.)-Z-Z——ii-—--:,'/ 37V2c ;v : 1Universal Leaf Tobacco Co., com. (quar.)__ ,/.. */ $128%
preferred (quar.)
$21-
.:::Yr-2- ;
"1- 2
"12-31
"
$1.12 Va
4%
Thrifty
Z
20c
.
;
•United
12-20
6c
Service, $6 pfd. (quar.)
;
Light Co., 7% pfd. (quar,)_
common
income tax.
4
1- 2
12tic
common—
tPayable in U. S. funds, less 15%
tPayable
3-20
Co.r—50c '•
books
; resident tax
l
/
2-20
--4-
15c
*
Jamaica
1-19
1
12-15
1-16
^Tuc
A pfd..(quar.)_— / *>•'- 15C..
1-2-46
$$3.25
"
Telas^Efectrfc
30%
12-10
3-
25c':
'-
Corporation
Less
1- 2
'""2-1
25c
,
prior pfd..(quarJ^
1-15
$1.12
;
.
(quar.)——.
(quar.)_
Company-
Co.,
.11-22
25c
•
Manufacturing (quar.)
Machine
1- 2
$5c
■
.
'
12-15
2
25c "
*
(year-end) —--—-^;.
A
7Qc convertible preferred
-
1-10
$1.25
•
Texas
50c
Upressit Metal Cap., 5%
1-25
15c
Tampa?,. Inc—
—
Teck-Hughes Gold Mines •(-Interim)—-—
Tennessee Products, 8#
pfd. (quar;)
-Texamerica
1.1-
Upson Co. (year-end)—
Utah-Idaho Sugar,, class
25c
•
(quar.)-^.———
Preferred
,
/
25c
——
Ltd
:■ ■>
County Gas
12-22
42-22
$50c
'
Towne
1-10
1-10
25c
'
12-15
2
-1-
50 c
(quar.
(G.) Ltd., common
(quar.)
Tarqblyn
&
12-15
2
10c. ,; 12-31.:
■
,
12-20.
12-31
;$25c
—
•Transfer
12-26
1-2-46
4-1-46
74-46
1- 2
1- 2
'''/•■"'*'/■/'
(Bait.)—
»quar.)
434%. preferred
United
•
•
2-1
40c
-
25c
.50c:
-•
v
—Z—'
—
York
12-20
$1
12-20
12-31
'
pfd. (quar.)—:
12-31
12-20
'
—
(Wm.) Jr., Co."(monthly)-—'.
York
1-10
1-2-46
preferred (quar. i
United
.12-24
1-15
,
43 Uc
i—*
com,
,1- 2
.
'12-20
1-31
75C
Is-a)
12-12
11-30
—
:•: --r ;• Extra-.
Steel
••,.
42-20
.r,
.1- 2
T'
5'a
—r——— -———
Taggart Corporation, $2;50 preferred (quar.)
——
——__a——-—
Yates-American
'.
12-10
„iz._Z—Zl-1 • kr-' $ 10
-
-
-12-22
12-31
75c
$1.25
———---
Tacony-Palmyra Bridge, 5%
preferred
5 %
1-15'
7Vac
—
Sylvania Electric. Products—;
! • *
:*$4 preferred .(initial) ——i—
Sylvanite Gold Mines, Ltd. (quar.)—
Co.
12-20
' 1- 2
/ 1-31,
2
V
87 ((jC
•
.Btd.
Yale
12-31
4
-
'
series A (quar.)
—
(year-end)—
Co. of Canada (quar.)
Oil. Co. 4 bit fe class A. pfd. (quar.)_U_
(s-a)
Steel .Corp.—
Co. tquar.J—
1-
V
12-20
2- 1
2-.; 1
$75c
Inc.
Extra
1- 2
l-> 2
12-31
.
12-21
2
-i
12»-aC-
pfd. (finalJ),.
Assurance
$1.50 preferred B
1-
175c
—:—
(quar.)—
UJ.--—W
Monthly
*
,
$4.50 preferred
Superheater Co. a quar. 1
Supertest Petroleum Corp.,.
V'
,
•
,.
Z12-20
1-15
preferred (quar.)_————1—
Stromberg-Carlson Co., common (year-end)
Sun Chemical Corp., common (year-end) —_
Sun
12-12-
25c
:25c
$50c
—
Ltd.
,
1-3
-
$25c
-
$5
Drug,
Iron
Monthly
•
1-2-46
1-2-46
(quar.)
S. Fidelity & Guaranty Co.
Quarterly
!
7,%
12-31.
;•* -2-15
preferred
Sun- Life
11-21,:
.
1-10
1-
15c
v'
Stlx Baer & Fuller Co.
Sun
—Z—
"'V'■ Mont hly ;"l—
}-15
.—I—20c
Trust-Oo;' (If: ~¥;T oM 'vtovHr
25c
Co.,
B.)
2
31*4o
-
common (reduced)——
(&-a)_.—_—
17« preferred iquar.)
Common (year-end)_—_
Stokel.v-Van Camp 5% prior pref. (quar.)__
Strawbridge & Clothier, 57* pfd. (accum.)ri.
8%
:12-31
^
l-"2-
$3
,
Engine
Stetson
—
(increased)
preferred
conv.
common——
,
•-1- 2
i- 1-10
$10c
-
Drug,
Sterling,
1-lS
11-21
12-31
30c
..
11454i
1-31
'
8c
stock)--^--,,/
12-zi:
12-24
2
1-
-
1-15
v*
$2-
-75c
-
.
'
preferred ,(quar.)
Inc. 3**% preferred-———"4
Co—i
——-....1
Inc. (stock dividend).—
—,
Sterling
Sterling
I-
/
93:Uc
(quar.)—_—i—,-J-
preferred
7%
$1.50
Combing Corp of Canada, Ltd. (quar.)
Wrigley
1
i
(quat,)^..*- 7 475o-
Sterchi Bros. Stores;-Ihte:, 67c 1st
1
—-———
.
Wright-Hargjreaves Mines,
-
12-; 6
12-
145
.
J- 2
-
$10c
(quar.)
common
12-12
12-24
.
3-1
.50c
——
Stay ton Oil Co; (quar.)—•——
Btedman Brothers, Ltd., commoiu..;——
Steel
$1.75
(year-end)
.
(s-ai—•
1- 2
12-30
•
•
2
;
$$1.25
Spring Co. (year-end)
5% preferred-
Standard Steel
12-26
12-26!
,
Paper Manufacturine Co^^'lvV^
77Y
(year-end)
----
Standard Screw Co. &-<+ -preferred A
Stahley
1- 2
1-2
$$2.50
pfd—
_J
pfd.4quar.)—
qr
12-10
.
2
75c
.
(quar.)
-——a—
Co.
2'
1-
12-20v
25c'
—
(quar.)
.
Extra
:
3-20
Publishers—
,'U. S. Foil Co. f Class
.V Class B (year-end)
,
preferred -(quar.) -.-—...v—
Standard Radio, Ltd.- class A iquaru^j--^
tquar.t
12-15.
—
2-1
*,$1.75
.
6% '>
B
2
1-15
1- 2
1- 2
.
1- 2- .Z12-26
$
The board
1-2
.12-26
; Since 1942,; as. Vice-President, and S. P..Coleman, head of the economic?
;I" 2 VJ12-26
12-15
and coordination department, as a director.-^V. 162,• p. 2520.
.
;
12-17..'*
United States Gypsum Co., common (quar.) •
12-31
12-15 z-L: '
'*• "
v
7%
V*'1"*;
;v *:'
preferred 4quar.)
":;J-•'*7-r.•"- v
$1.75
1-2
12-22
15: '
.United States Lines, 7% preferred ts-a)_^
Standard Oil Co. (Ohio)r—New Subsidiary—:
35c
1- 2
"iU. S. Playing Card • Co. (quar,) —? »/*• 50c
v 1- 1 - 1245 A-wholly owned subsidiary, Sohio-Fleetwing, Inc., has been organized
1-10-:
12-17/!-" iU. 6. Plywood Corp., common
(quar.)™-™
20C/'"; 1-19
to take over the domestic fuel oil: business, purchased recently front
12-20
->
4V2% preferred B (quar.)$1.12)2
I- 2
12-10
Z Fuel
Oil
Corp., > which
operates
in greater Detroit,. and in
which
1-31... ; ;U. S. Printing & Lithograph Co.—;•"•/'
, '*'//"
Standard held a:substantial interest.-r-V. 162, p. 2686.
12-15
62&C
12-20
55^
preferred
(quar.)..^
62)4c
~
1- 2
,','12-15...: -U. S. -Smelting Refining it Mining—'- —
r-:.1
(accum.j-—-
Comxnon
Class
Wool
12-18
$1.25
$1.25
$1.25
' "50c
$1.23
—
Extra
-
12-15
12-31
-w—/«.
Fuel Co,, Ltd., 6 V.-t %' pfd. 'Caecum.')
Oil -Cow* Ohio), 3'J4'^> pfd. A (quar.)
Standard
1-19
$2
(quar.)
6%
Extra
12-19
58 ((jc
53c
50c
" ~
—
*12-15
2
12-31
,-$1;
i
•$3 participating,'preferred (accum.)—
Standard Chemleal:Co., Ltd., 5% pfd. (quar.)
Standard
1-
$1.25;
<quar.j
-'
Standard-Coosa-Thatcher
U.
»
12-15 z;
I- 2
-25c
Square D'Co., common- ■(quan)__^.-™u;;--'
t
05% -> convertible ^preferred (quur. )i——
preferred
$2
;
1-11..
12-31
$1:12
,-$7
Common
-
'
"
-f
J:
12-15
'1- 2
1-15
(year-end
————
Springfiold Fire «t Marine Insurance Co.— . V
(E. R.) & Sors,-$4 pfd.
Standard Fruit
Steamship
1
10c
-
non-cum.
preferred
Manufacturing Co.,
Woodward
25c'"''12-31
(monthly)—
preferred
partic
$3
12-15
'1- 2
$1.25.
Corporation
Squibb
1-194
-
Manufacturers, Inc.—
&
United Printers &
35c
Spetry
Extra
Woods
4-15
(quar.).^!—
-5% >.prefer red
'12-31
$1.50
"
1-15
$1.50
*4.8 %'
Sou them
f i
7%
V Wiser Oil Co.
12-20
12-31
5%> preferred
(quar.)
5% preferred (quar.)—
.United Millc Products Co.,
'
"(/■
v
(quar.)—
Co., 5%
Co.
■
30c
71c
_i_
Year-end (payable in cash
/
12-20
"1-15/
••
■
Ltd.
Wisconsin Investment
12-20
preferred
Z POoV 4- 4
(quar.) __*-_:—'"/"31c ,
2- IZ
$5
prior preferred
6%
>
"
40c
1'2 Vsc
-.
Cigar-Whelen,
United. Light & Railways.
%% prior preferred (monthly)
6.36%
prior preferred (monthly)
12-20
$$1.50 1-15-46
Co.I——1.1—C-i—'
Power
• $1.75
common.
(quar.)_
', Wisconsin Electric Power,
3-10
preferred
conv.
United Industrial Bank
j
,1-18:',
$20c 2-15-46
Greyhound Lines fihefeasea,
■f(
12-20
j
Colorado
:*
sO
i
"1-15
1-15
participating preferred .(quar.)_™—*)'<
Z
;
"
1-2
.
37^C
(quar.)
Southern
$1.50
7% .preierred (quar.)-l '
Winnipeg Electric
.12-31
1- 2
•
$1.25 prior preferred
-United Fruit Co. (quar.)-.$1
T—-_T—_
United Fuel Investments, Ltd.—'
ZZ '
6% class A pre/erred (quar.)
—/»
! $75c
United Gas Corp.—i
—" 20c
1- 2
z 12-10..
1-
'v:.: $2
California Edisoi
Co., Lad.—,
;Z
"<5%'- original preferred (quar.)—_ ™_„—
<5%.%, preferred smies C tquar;)™,—
Southern*
Wilsil,
12-20"
—
—'110c*
United
1-
Southern
-
preferred
Wisconsin
12-19
-
si
-Common
8%
1-15.,
;
Cq.,
2
12-14
1
6
4-1.
1- 3
34c
tquar/)--^-$1
Extra
.
.
'
Southern Canada Power Co., Ltd.—
,,
12-14
1-
Water
1
1-
50c
22-
>
Inc.—
Will & Baumer Candle,
,
8-.
(accum.)—
'71,
12-
*
'
:
-
50c
-
; Wieboldt Stores, Inc., common
(increased)$4.25 preferred (initial)—-——
12-31
5
1
-
ofRepj
2
preferred" (quar.)—
Wichita
'
Grocers,
1-
12* 7
2
S3.25
iquar.i— —
preference
Villa
6%
5
1-5
12-31.
(quar.)____,
75c ^ Z 1- 2'
(quar.)——$1.50 ......lr 2
Carbon
RR.,
./United Bond & Share,
tr 2
'
•
1-
-
.
-
/, (•United Aircraft Products,, Inc.—r
12-15
;i-2
1-
Trust Co.-(N. Y.)
Z Underwriters
;12-22;.
it'Y
.
(quar.)—
White
12-19
1- 2
62/ic
" '
——
—-—^;
Udylite
12-31
1-21
,
:
.12-31
.1- $.
20c
.
\ ;
i
;'i334c
,55c convertible^ preferred A (quar.)——
Sorg Paper Co 4-6% series B (accum.) _-_ij.
$1.50
6 % preferred A (accum.) ./—/-.I—
South Bend; Lathe'Works, (extra
h i 30(5
——62 Vi c
South Carolina Elec. & Gas, 5%• pfd: (quar.)
South Pittsburgh- Water, --AWto pfd; (quar.)i.
$1.12 Va
T
$1
South Porto Rico Sugar Co., com. (interim)
preferred
conv.
preference
75c
1-
,
.12-17,
1-30
1-
$25c
„
8%
prior
$4
12-15
„
12-17
2
1-
;■
preferred
(Ti, L,) Co.; common—
Manufacturing Corp.— ;
Sewing Machine Corp.—-
$2
,
'■
$1.50
■'/
$2
Common /
Solar
-
White
12-15
,
•
: 12-15
'
Smith
$1.50
; $1 '
(quar.)-
<year-end)
Inr.
1112-
50c
——
-*
8
hoiatre
Payable
•
,1-
Sloane-Blabon Corp., 6%' pi d.y Class A' (s-a)
Smith (L/C;) A-Corona Typewriters, Inc.— . f.v
•
(extra
Co.
1-
Share
Name of Company
.
Wheeling Steel Corp., common/(year-end)—
$5 conv.: prior preferred (quar,)———
12-20'
1- 2
preferred (quar.)———
$1.183i
.1- 2
Tuckett Tobacco Co
7"i pfd. (quar.)—
$$1.75
1-15
Twin City Rapid Transit Co.— :
•/"Vl l|;
7%. preferred (accum.)--—
.
$1.75,.,
1- 2
5'i.,prioi pieferred (initial quar.)^.—;
G2.)ic
l- 2
Twin Coach Co. (stock dividend) one share
,
of Divco Corp. common for each 50 shares—-J~
■y
of Twin Coach common held
Z-u
;l-'3.
208 South La Salle Street Corp, .(quar.)—
;,62.1ac
1- 2
5
1-15
7 $1.25
A,'fupth)1
prior preferred
$6
'
Rayon•Corp.^-'r*
preferred
5%
l-
1-10
2-15
-/■y
(year-'end)
Oil Corp.—™__-™/™;:™,,™__.)'
Oil
1-2
1-2
$1.50
10c
—-.
——
..
; Trusts & Guarantee Co., Ltd. (Toronto) (s-a) ! ' $$1.50
Tubize Rayon Corp., :common—: 25c
-
$1
25c ■
Common
.
-$$1
v
r-i.—'
—
Corp.
; Tri-Coniinental Corp., $6 preferred
2-28
1-2
preferred
Transwestern
Silverwood* Western-"Dairies,
$$1
—
(annual) —L—:
B
Trans-Lu?
.
2-28
,4- 1
$200'.
.
1-10
12-10"
"
(annual t-
12-20
1-15
1- 3
1- 2
1- 2
1-15
1-15
1- 2
;—,—wJ-f—.—v'.$$l
'■
Class
12-31
2
4-1-
-$30c
.
Traders Finance class A
12-20
1-2
1- 2
,
•
.
1- 2
pfd.. (monthly—
4l^sc(monthly50c
(monthly)
56^30
When
Per
of Reo
Payable
Shipbuilding 'Co.
Extra
<
12-21
1
1-
,,
1-18
-
1-15
■
$15c
$$1.75'
.
Hoiaert
.When
:
,
(liquidating)—$45;
Tooke
Brothers,
Ltd. (Interim)-™,
——
$25c
Toronto Mortgage Co. (Ontario) (quar.)—u
$$1.25
Torrington Co.
—
40c
Traders Building Assn. Ltd. (quar.)z •
$$1
1-24
2-25
J25C
,i5c
7
.
\ Share
.
„
.
Co./ 5^.
preler^ed
preferred
Toledo
'
1-10
1-30
*
participating
Edison
S'o,
7%
12-21
Y
10c
Sheep Creelt Gold Mined (quar.)
.
Sherwin Williams. Co. -of Canada—_
::$7 preferred (quar:)— ^—-—i-'—™—
BilVCrwood Dairies, Ltd., common "(accum.)
40c
2
10c
(quar.)^l,_
(Boston)
1-
$1.25
'
—,—
Shawinigaa Power & Water Co.J
Shawingan Water & Power (increased) -z-w;*
Shawmut
12-15
10c
Corp. ,$5 conv. pfd. iquar.)_—,
Shattuck-Denn.Mining Corp. (year-end)—..
•
2
55c
;
Sharon Steel
-
.
1-
common^.....'-.:-.——
Oil & Gas
Shamrock
Name of Companv
i
.,,0/ Rec.
Payable
15C.
SVa.%- preferred-™™!™™--™.-^---™/.™,:.
Shaiier
Per
■^Wnen w Holdert
Toledo
Seven-Up Bottling' (St. Louis) — •/
Common - (quar.) __„™™™-_-_™
/\,
~
Share
3237
"
1,
1945
Dec.
New
Co.,
and
1.
The transfer
York.
New York.
due
are
Dec.
1,
?
agent for the common
The
registrar
will
be
1957. Interest payable June 1
'
• * a
stock will be National City Bank
Central Hanover Bank & Trust
•
15-Year Debentures—The company
lips Petroleum Co. $3,000,000 15-year
is to issue to Phil¬
debentures, tc^be
*
27, 1945, entitled to 3%
net proceeds to be
PROCEEDS—The
OP
APPLICATION
stock
at
corporation
BUSINESS—The
New
incorporated
was
received by
lation
Other
and
1,738
1,576
sumer
will
1,247
,443,351
759,453
$3,364,631
$3,267,741
$3,230,397
__
740,394
686,834
660,406
2,491
4,190
58,204
96,606
14,867
that
black
for
63,317
4,311
of
Cost
of
appliances
sold
of
appliances
sold—
gas
36,766
23,679
902,502
822,392
38,081
1,013,555
180,000
180,000
180,000
Advisory & consult. fee-
100,000
100,000
100,000
100,000
adm.
&
other
Taxes,
inc.
on
than
&
Retirements
32,484
24,467
24,908
27,207
9,032
8,518
271,887
276,563
2,756
3,634
4,008
of
by
supply
charges, etc.
$1,124,519
$1,105,017
$1,091,883
—
281,250
281,250
281,250
308,040
197,617«
281,250
..
■
313,031-
320,442-,
Federal taxes on income
! $801,296
York and Pennsylvania.
State
sale
for
taxes
$522,827
-
—
.
•.
-
,
,
.V. •
' -• "
$510,735 i
'
■'
$502,592
.
Cost of
.•> «
,
real
Sell.,
'•
«&
" "
^
'
'
Oct: 31,"42
Oct. 30, '43
$
$
-$
'
1,490,016,635 1,409,405,770
1,573,992,504
and
' gen.
"58,956,316
and depl.
7,375,599
7,544,633 '
7,217,152
9,130,606-
57,447,078
:
8,164,091
7,023,606
8,452,257
8,242,345
; 4.544,617
3,992,169
Vl 10,262
472,612
than
other
;
Confcrib.
56,719,521
52,481,399
exps.
income
•
$>
1,203,399,672 1,429,831,880 1,370,540,305 1,289,928,449
adver.,
admin,
Taxes
t''
1,307,631,681
____
sales
Deprec.
several
the
of
names
serv.
■ir service
'/
$322,429
<
underwriters of the
securities now offered and the several amounts underwritten by thera
t ■
respectively, are as follows:
Com. Shs.
Debentures
Name— • •; : •'
- '■■••
•/
• v~
;:v.;
$1,055,000 •/.
116,155
Eastman, Dillon & Co
_%
38,000
420,000.
Smith, Barney & Co
365,000%
33,000
Kidder, Peabody & Co
;
UNDERWRITERS—The
cheese
a
ACCOUNT
INCOME
Oct. 28, '44
Oct. 27, '45
'
Unci.
revenues)
'
of
exclusive
Income
Angeles,
Los
including
factory, in
the last year,
during
added
in
CONSOLIDATED
Sales
debentures
on
and
w£re
Ind.,
52 Wks. Ended—
Interest
at
more
(Including Domestic and Canadian Subs.)
Income before interest
•
pay
soap* factory
a
16,317
—
8,416-
-
the expense of the con¬
and distributor.
No con¬
than the prevailing market
demand."
profits
processor
to
reason
Swift units
new
281,213
J
markets
When ' competitive
any
10,436
273,730
_
Depreciation^——--.
expected
are
and
canning plant at Albany,
Ore.
The new soybean oil mill in
Frankfort,
Ind.,
the glue plant in Toronto,
and
a
turkey poult
hatchery in Fresno, Calif., are in the final stages of construction.
taxes
stock-
cap.
debts
Bad
<
1946
and
an
ice
cream
plant in ' Phoenix,
Ariz.,
and
recently, a meat packing plant in Columbus, O.
Completed during
the year were the plant food research laboratory in Hammond, Ind.,
a
turkey dressing plant
at Fresno,' Calif.,
and a turkey dressing
180,000
Genj
have
established
Seymour,
927,393
sales expenses-
&
for
wartime
to make exorbitant
legitimate producer,
anyone
purchases
expenses-
installation charges
&
Oper.
with
regimented
markets.,
Several
sold
Cost
acquire (1) The business of,
and
in the sale and distribution
of liquefied petroleum gas (propane) under the trade name and trade¬
mark
"Philgas" by the 13 Eastern retail districts of Phillips, located in eight states on the North Atlantic Seaboard and the District of
Columbia; and (2) The liquefied petroleum gas (propane)
business of Suburban and its properties used or held for use in the
sale and
distribution thereof, which properties are located in New
New
sumer
'
supplies
meat
civilian
controls," the article continued,
"has
stimulate the development of illegal
prices
are
tree to
perform
their almost-miraculous economic service, there will be no opportunity
shown
or
price,
Jersey.
corporation will primarily engage in the distribution and
of Philgas, which is the trade name for propane, a fuel used
household, farm, commercial and industrial purposes. Philgas is
V 76.574
59.192
income__
Total
corporation has been organized to
the properties used or held for use
The
25,292
57,712
46,208
charges__;
income-—
Cost
The
Jersey,
$2,968,032
120,896
36,183
68,517
3,744
oper.
Miscellaneous
1945
27,
Nov.
on
$3,113,732
69,266
"Experience
$3,329,894
_—
Appliances
—
Appliances and instal¬
,
in
$3,252,217
6,464
allowances:
Gas
of sinking
88,629,359,
sale
the
estimated
are
1943
discts.
less
Total
about 150 pounds per capita.
,
farmers, processors, distributors and consumers can look
forward
hopefully
to -peacetime
conditions,
according to a
specie*
article in the Year Book on the subject "When Meat Is Demobilized.'*
average
American
Dec. 311942
1944
Aug. 31, '45
sales
and
predicted.
were
to
-4^ears Ended
12 Mos. End.
Gross
INCOME
COMBINED
OF
EXPENSES
AND
fund debentures and com¬
after deducting estimated
expenses.
Of such net proceeds, $8,000,000 will be paid to Phillips
Petroleum Co.,
as
part of the purchase price of the business and
properties of the 13 Eastern retail districts of the Philgas Division
of Phillips which will be
required by the corporation. The balance
of such net proceeds will to available for general corporate purposes,
including organizational and pre-organizational expenses estimated at
$50,000, for acquisition of propane gas in bulk storage tanks, estimated
at not more
than $40,000, of capital additions made, estimated at
not
in
excess
of
$15,000,
and
for working
capital estimated at
$524,359.
'
from
corporation
mon
STATEMENT
FORMA
PRO
interest to Sept. 1,
1947; 4% thereafter to Sept. 1, 1949 and 5% thereafter.
Interest payable M&S.
Manufacturers Trust Co., trus¬
tee.
The debentures represent a part of the purchase
price of the properties acquired from Phillips.
dated Dec.
the
Monday, December 31, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
3238
to
<
pen-
.
hydrocarbon commonly found In natural gas and casing-head
gas
and also produced In the process of refining crude oil.
The
'gas is treated in special plants to remove impurities and compressed
to
a
liquid state for economy in shipping and distribution. It re¬
sumes
its gaseous state automatically at normal temperature when
relieved of pressure and Is not to be confused with gasoline, kerosene
and
similar fuels which are normally liquid. Philgas is piped into
the house or other structure as a gas from the tanks in ■n-hi-h it is
stored and is used in the same manner as natural or artificial gas
in
approved types of gas appliances.
Appliances manufactured to
use
natural or artificial gas are quickly and easily convertible for
the use of propane by substitution of burners specially designed for
the purpose.
'
gas,
a
incidental
F.
&
Shields
Riter
&
both
i-yya1
—Sliu
of—per
Stein
Cohu
Crowell,
—V.
The
and
the
use
and
at Sparta, N. J.,
stored and distributed.
also
almost
were
gas
space
have no special privileges in the use of public
property and is at present not subject to regulation as a public ut; Ry.
DISTRICTS
served
BE
TO
distribution
SERVED—The
areas
which
will
2991
that
has
it
much
established
not
it
as
had
desired to operate.
since
1931
has
it
any
btilk
new
stations
the
Atlantic
Seaboard
bulk
surveyed
established
had
and
time
be
stations
in
the
since
1931,
area
prior
districts
in
stations
and
sa^s
in
the
constructing a fifth.
The corporation has no present in¬
into new areas or of establishing additional bulk
of
tention
of expanding
corporation
The
does
believe
not
that
its
sales
directed to
acquiring additional customers will be rendered materially
productive for some time to come by reason of the fact that such
less
efforts
been
on
tne
directed
as
'
partially overlapped those of Phillips, and the two companies in the
past have competed witnin their common areas.
It is not intended
to abandon any of the existing bulk stations.
the
cluding
first
"Our
for
CAPITALIZATION—The
corporation
adjusted
following represents the capitalization
to give effect to (a) the issue and sale
of
of
of
said
sinking fund debentures and common stock now offered; (b) the
issue of $3,000,000 15-year debentures to Phillips Petroleum Co.
as
part
of
the
purchase
price
the
connection
vC)
with
the
of
the
issue
Uxxu
in
acquired
properties
stock
to
be
Authorized
12-year 4Vi %
sinking fund debentures
15-year debentures
Common
*Aiso
of
an
stock
Issued
—
(par $1)
and
aggregate
—
____
outstanding
are
$4,500,000
3,000,000
.option
warrants for
of 110,000 shares of common stock.
.
.
the
the
than
less
in
ln40.
volume
in
to
filled
/
*
Fooe
returning
with
provide
for
Holmes.
had
who
of
fairly
cancellations
v.,
a
t';
"W.
th«t
employ
our
'•
largo
;
number
/•
rt
nnwmonf-t—
confidant,
left
those
>./
thn
further,
1
transition
be
paid
and
urged
"firs*
designed to encourage,
V.
r
,
than restrict,
•
J
•\,P*
compared
***•-#-
to.
I
1945.
X
.
r
'i.
1 'J.
Shorter
V-
* /
supplies
of
V-,
yeal.
,■X
lamb
production,
•*
585,497
353,246,676 383,314,241
6,250,000
1.
7,500,000
14,757,112
12,733,946
2,943,192
payable
3,767,368
28,745,704
59,693,400
1,250,000
.1,250,000
5,767,000
5,767,000
3,000,000
16,000,000
113,852,336
3,000,000
16,000,00"
_Z—
—2
liabilities
for
taxes——„—I
income
debentures
due
currently
with
affiliated
—
Reserve
for
inventory price decline
Reserve
for
deferred
General
reserves
Earned
surplus
fTreasury
*
maintenance
of
properties
——■
—
■
——
112,800,70f
1,818,668 Drl,818,668
353,246,676 383,314,241
—
After
120,494
companies-
stock
Total
for
depreciation of $119,460,741 in 1945 and $114,t77,804 shares at less than cost,—V. 162, p. 289.
reserve
599,023 in 1944.
Sylvania Industrial Corp.—Improves Textile Finishing
Substituting an oxidizing agent for heat, this corporation has de¬
veloped an improved method of making cellulose suitable for textile
finishing, it was announced on Dec.. 20. In the past, heat has never
been
completely satisfactory because of the difficulty of controlling
the
exact amount of' it that is required, and as a result,
heating created non-uniformities in the finished product.
Patent
of
the
it,
time
to
patent
Dr.
the
on
name
new
process
has
Ralph T, K. Cornwell,
cellulose is treated with
increase
also
its
solubility
the
covers
preferred material to
Because
of
fact
discovered
the
in
that
that
inexpensive raw
the
local
over¬
in
company
the
Director of Research.
According
oxidizing agent for sufficient
alkaline
acqueous
the
in
waste
to
an
research
regenerated
in making
use
issued
been
Dr.
Cornwell
solutions.
this
on
The
method
new
cellulose
materials
is
this finishing agent.
materials
and the ease of
controlling the manufacturing process, the new product is expected to
have a large potential use in postwar developments in the textile fin¬
ishing field.
In addition, present indications are that it will also be
widely used as a pigment binder in the printing and pad dyeing of
textiles.—V. 161, p. 2793.
required
TACA
J.*" <
Airways, S. A.-^-Presidcnt Retiies—Expansion—
Retirement
of Lowell. Yerex, founder. President and General Man¬
Latin American airways system known as TACA, was an¬
recently by Benjamin F. Pepper, Chairman of the board.
For the past 14 years, Mr. Yerex has headed this corporation,, the
ager
of the
nounced
parent company- of the seven TACA- subsidiary and affiliated compa-.
nies which operate throughout most of Central and South America.
Mr. Yerex is likewise retiring from-active office in these subsidiary and
pany,
»
«■
and'mutton
-
.
An -intensive
Gen.' Thos.« O,
TACA,1
•
.
«
He will remain
'
as
director
a
program
Hardin,- recently-ejected
v
is
being, instituted
Executive
has announced the acquisition ,bf:T7
(Lockheed Lodestars and Douglas DC 3's)
cargo planes
of the parent .com¬
_
modernization
who
airliners
rather
2,058.381
117,794,466
13,296,236
par)—_„. 150.000,000 150,000,000
12,500.000
12,500,000
affiliated companies.
.
*
to civilian
accomplished withoutr much^ ifvanv.; Iors.';,
. t.
be
(curr.)
8,628,818
526,718
debentures—————i—
accounts
".
.
to
Mr.
war
($25
2% %
Current
.
will be
tax question, Mr. Holmes stated that the tremendous costs
must
stock
Provision
of
'
•
mo<it
veterans, in¬
*vivwSed
««
90,394,308
debentures
Serial
pre¬
supplies
increased
p
cited.
be
the
process
^
;—
first
goods, provide more Jobs, and increase the national income. ~ A nation
•cr- ••
•>
V. V««If —
•>->-.•
The Swift report held out a promise, based oh Government esti-
*550,000 shs.
the purchase
the
war
program
Outstanding
$.4,500,000
3,000,000 *
750,000 shs.
On
of
said
co
>tp
from
of 55,845 shares of Its common
acquisition of the assets of Suburban:
could
have
we
"Wnltnra.S
the
operations
17%
was
the
62,560,001
58,477,814
52,643,449
1,742,279
subsidiaries, not consolidated
Accounts
cents.
12.3
1945
-
was
handicapped.
obligation is
Onfem^ent
M'.
for
producers
pay
share,
than
mark«u
t"
service,"
w«r
to
reserve)—
—
Accrued
"
workers
more
positions
these
"Although
the
Serial
...
workers
laboratorv
and
of
for
coming
from
22,520,534
67,839,078
(less
LIABILITIES—
nf
share of
agricultural
World War II.
need
The
livestock
part of its predecessors have tor a number of years
to the same districts.
Some districts of Suburban have
hut,
of
went
greatest
handled during
mnt, more
tonnage
vear
vear
cents,
next
11,492,720
_ii——
—
^—:
$
94,528,602
11,538,001
24,294,381
—
receivable
Oct. 28, '44
$
""'95,639,644
securities.—
notes
assets
20-year
a
'■
the
*■
Government
Capital
the
e
Oct. 27, '45
Total
.
75
dollar,
received
Total
full
the
BALANCE SHEET
>
Inventories...
Due
prop¬
'
—_
S.
Sundry
;
.
of
stock
$2.64.
of
"
charges
about 21%
or
v«
.
r
and
earnings averaged nine-t*>r.tR" of compared with one cent for 1944.
The- greatest
sales
vious
efforts
$12,303,807,
totaled
sources
capital
5,922,763
$2.83'
" V
"
($485,000 less Federal taxes thereon already
1943
31,
Deferred
enrted
which
vpat.
1945
The
the
all
earning
the
figure
1944
inas¬
to that
which it
is
«0t,h
*
sale, dismantling and retirement of fixed
on
,
Accounts
a
R"
to Dec.
to
1"44
plovees
process
stations.
the
on
established
bulk
Cash
U.
i
dupn<r
5.922,196
*.
$2.91
1
$2.64
'
—
at the Brook¬
,
outstanding
than
less
products
new
that the Wabash
that
as
$2.08
,
conditioning and other standard light
and
,
5,922,196
5,922,196
,",
16,972,721.
8,882,952
17,431,372"
8,883,286
•
ASSETS—-.
r
6Real estate, improvements, incl. brarichesZ——
Investments
V—:
few
rnmrrai"
90,250
15,662,635
COMPARATIVE CONSOLIDATED
•
1
were
The corporation has been advised by Suburban that
four
r
passed
992,504 in 1944.
Net
earnings from
16,972,721
$2,065,212 in 1942.
fAfter credit of $1,410,232 due to
to prior years of
losses
and unused excess profits tax:
subsidiaries.
^Settlement, on renegotiation of Government
of
•' v-:
■■
7 announced
Dec.
on
,
of
sales
27,
has
17,521,622
;
.
.
....
of loss
provided).
$1,307,631,681, the fifth succe^si^e ve«r the company
the billion-dollar mark, it was reported Dec. 17 by John
Holmes, President, in his annual report to shareholders.
This venr's
sales were 17% less than the record total of $1,573,Oct.
owned or leased by the corporation.
Tne
Phuit^ dioiricts were
out in an attempt to restrict the radius
of operations from the bulk stations to approximately 30 miles, but
the growth of business over the years has resuvted in some departures
from that objective.
The corporation has been advised bv Phillips
to
are
to
1,035,246
15,662,635
,
and
carryback
credits
Swift & Co.—Annual Report—
Connecticut, New York, New Jersey, Marvluna, r-enniyhunn,
Virginia and in the District of Columbia.
In these States Phillips
has established 13 sales districts, and Suburban has established iavo
sales districts.
Each of such districts contains one or more bulk
which
7';"
■
units planned for installation
3121.
and
Total
and are
Island,
stations,
lamp,
6,830.831
tl8,586,907
2,326,035
-
fAfter credit of post-war refund of $3,369,096 in 1944, $1,921,250
1943
contracts
be
corporation are those previously .served b/ Phillips
located in the States of Massachusetts, Rhoda
the
by
Suburban
and
-
$25)
share
per
erty.
of Colonial Radio last year,
major producer in the incan¬
fluorescent lighting, radio tube and photoflash fields,
in Massachusetts, Pennsylvania, New York and, Illinois,
the Brooklyn plant being acquired.—V. 162, pp. 2687,
factories
addition
in
8,083,408
117,291,250
11,252,172'11,252,172
• *
V*
capital
■^Consists
5,000
—
■in
oonsolidates its position
descent
wholly discontinued.
corporation will
7,691,263
12,303,807
(par
Earns,
5,000,
.
Wabash
of
154,731
■
5,000
.
double" that
than
more
conditioning bulbs.
With acauisition
Sylvania
with
The
"
•
■
,
—
of
stock
5,000
50,000
.
heaters for homes and restaurants, as
well as gas appliances and apparatus for commercial and industrial
purposes,
such as incubators, dryers, brooders, coffee urns, poultry
singers, Bunsen burners, furnaces and torches.
Since the termination
of the war both Phillips and Suburban have commenced to reestablish
their sales
and dealer organizations which,
during the war period,
refrigerators
Shares
5,000
months will step up photoflash pro¬
of the highest pre-war year.
In
discussing
further
Wabash plans for photoflash ' production,
Mr.
Parker pointed to the phenomenal growth of the photoflash industry
in the past ten years, stating that photoflash use had climbed from
440,000 flashbulbs in 1930 to an estimated 33,000,000 in 1941, last
peacetime year.
Mr. Parker predicted that sales throughout the
industry during 1946 would shatter all previous records, with con¬
sumption of 60,000,000 flashbulbs easily attainable through the tre¬
mendously increased popularity of photography as a national hobby,
and the impetus provided by introduction of popular-priced flashbulbs
and correspondingly low-priced flash cameras for amateur home use.
New
Wabash products slated for immediate development and im¬
provement include new types" of photoflash bulbs and other photo¬
graphic lighting units, ultra-violet and infra-red heat lamps and light
to
duction
purchase, and distribute and sell through
directly through its own safes organization, appliances
of Philgas, such as kitchen ranges, water heaters,
gaa
corporation will
dealers
for
are
t
-
the next
during
plant
lyn
tinue to operate the distributing station of Suburban
filled elsewhere,
Co—.—
Additional factory
bulbs.
will be delivered by special tank cars to the corporation's
various bulk
stations, where it will be transferred to bulk storage
tanks and
eventually to the corporation's tank trucks or portable
tanks for distribution to consumers.
The corporation will also con-
cylinders,
50,000
50,000
—_—--— —
production of light
augmented
and from the bulk stations for fillings.
portable
V
Sylvania subsidiary. A. M. Parker remains as President and General
Manager of Wabash with headquarters at Brooklyn, N. Y.
The
Brooklyn
plant
will
continue manufacture
of photolamps,
incandescent lamps, reflector lamps and infra-red heat lamps, with
Philgas
where
-
50,000
Corp., one of the largest independent manufacturers of
photoflash and incandescent lamps, would, according to present plans,
merge with the Wabash Photolamp Corp. and Birdseye Electric Corp.,
on Jan.
1, 1946, to become a wholly-owned but independently operated
corporation will also continue the wholesale sale of Philgas to
distributors, who purchase the gas for resale and redistribution to
their own retail customers,
and to small operators who truck their
1,257,222
448,700
134,821,861
2,604,210
f
12,303,807
——
Dividends.—
10,000
President,
Poor,
732,933
1
and
5,725,654
Balance
10,000
Appliance
The
.
E.
Walter
44,837.658
46,403,948
.
176,970
12,000
—x
v
*834,981
-
86,068
Special charges—
8,000
'
Stone & Webster, Inc.—Elects Two Directors—
I* • v
P. Grace, Jr., President of W. R. Grace & Co., and Col. Russell
Robb have been elected to the board of directors.
,
Col. Robb was Vice-President and a director of Stone
& Webster
from 1929 until 1941 when he resigned to enter the Army.—V, 162,
the original installation of equipment
regular intervals for the exact amount
to
100,000
Co.__%___—.____—___
•
2687.
normal
-
713,470
v • ~ '
;
settle.. ;
Net profit
J.
p.
;
charges.—
3,952.019
;r Excess profits tax
Other inc. taxes.tl, 297,482,218
8,000
—.—i"-_
..
162, p, 3120.
1,680.244
'rt
»'A
.
'
Co._
&
Co.—__—
Weedon &
&
*.
8,000
100,000
_____—____
Boyce_____-____i—
Richards
Hill
100,000
"
surtax'
25,000
Lunt——_:
&
Hamlin
■'
61,756,477
520,467
charges-
Fed.
8^000
43,027,068
1,810,590
44,723,704
X
2.003,540
'
25,177,505
income—
ilRenego.
100,000
—.1
Co
Schoellkopf &
Total
Interest
.
Other
200,000
y 1,000,000
- r
59,752,937
-
2,154,844"
%
2,000,000
-,-
{
23,022,661
income—
12,000
Torrey_____l—
&
Quail
12,000
Co._—_————____
Walter & Hurry—:
Eichler & Co.
Doollttle,
for
tanks
&
Bros.
Bingham,
i
.
income__
Oper.
Other
25,000
& Meeds—
&
17,000
.160,000 <•'
—
prop.
"
*■ 17,000
.
Co.—_
&
of
11
.
160,000
Co..—
Bissell
Bateman,
and is thereafter
billed at
of gas'consumed.
Tne
corporation contemplates charging $19.75 for the conventional
Philgas installation under both types of service with tanks as large
as
420 pounds capacity.
The charge for the larger W Tank instal¬
lation, having
a
capacity of approximately 5,000 pounds, will be
$145.
The latter charge has prevailed for. many years with Phillips
and Suburban, although the charge for the conventional installation
has varied from time to time between a high of $40 and a low of $9.75.
own
235,000'
*
maint.
17.000
paya—#
dwmumi*
'>■'? 146,545
17,050
defer,
for
Prov.
17,000"
"
^
Co.__
&
Laird,
heating.,
Laboratory
.
V,v
accounts.,.
25,000
Co
Richter
McDonald
Bioren
___—
—
Douglass
Nelson
j.
>
California
Scherck,
will supply two types of service, the equipment for
listed as "standard" by the Under¬
of the National Board of Fire Underwriters.
In
one
case, the
installation upon the consumer's premises consists of
permanent storage tanks of varying capacities, - depending upon the
number
of gas appliances installed and the volume of anticipated
Philgas usage. ; These tanks remain the property of the corporation
and are filled directly from the corporation's tank trucks.
The second
type of service employs no permanent storage tanks upon the con¬
sumer's premises.
Instead, the corporation will deliver portable tanks
filled .with Philgas which will be replaced by filled tanks when the
Philgas confrnts therein are partially or completely exhausted.
In
neither case is
the consumer required ever to order Philgas, since
the tank truck delivery man, on his regular rounds, simply reads the
meter
and
replenishes the supply, or replaces the tank,
without
entering the customer's home or place of business.
Further flex-ifciiltY to meet individual requirements is provided, at no extra charge,
Through "the installation of more than one unit of storage equipment
charge
V
Co
Co.—
&
Fir.it
of which has been tested and
ttraw-
-
1
doubt-
for
ful
8,138,625
•
-
17,000
'
235,000
—
Co._
&
:
235;000
235,000"
.
'
The corporation
writer's
/•%.
r.w
Co
Parsons
Graham,
Starkweather
both
Prov.
,
33,000
,
"t: 235,000
:
Co.:.:
Walker ,&
H.
G.
&
Moseley
S.
365,000
;
Corp.—
Hemphill, Noyes & Co
Lee Higginson
Corp.—
desired. It is not an
of heat are
or localized application
economical fuel for central house
perature
Securities
Union
space
,
and
commercial
,
J 7,643,231
sion fund
"
primarily for cooking, water heating, refrigeration
^heating in homes and restaurants and
for
industrial applications where close control of tem¬
sold
is
Philgas
and
.
/•
■
by
.
Brig.-
Vice-President of
modferri passenger
as
well
10.new
as
(C 47's).
.
Passenger „flights are now made. from. Miami, to .Havana,:Central
American points and Panama and. from: Miami to Rio de1 Jarifeiro.' - Ex¬
pansion; of these "services is foreseen ' ini.the recjsni^ applications for
routes
coast
direct to
of
South
the "United
America ..to
ment said.—V." 162,
p. 2991.
States
(by; TACA. companies from, the .north
and'New Orleans, vlhe announce¬
Miami
".va
•
x
"
•
*
■
*
j
Volume
THE COMMERCIAL & FINANCIAL
Number 4451
162
3239
CHRONICLE
\
Talon, Inc.—Sells- Aero Division—-
-
■
-
the
patents, assets and goodwill of its aero division to.Lion Fastener, Inc.,
of
Rochester, ,'N.
Y., which has
purchased' a modern factory i at
Honeoye Falls,
N. Y., where it is already producing the patented
fasteners
for
peacetime uses on machinery moved there from the
plant located at Meadville, Pa., of Talon, inc.—V. 162, p, 2313.
It
"announced-'on
was
that, this, company .-has.; sold
12
Dec:
Net
The ICC
ment
Dec.
on
Authorized—
Terminal Railway—Notes
18
National
1
Net
a
of
reconv.
special credit—*
10-year instal- *"■
delivered tn the •
On
amounted
depreciation
for
NOTE—Provision
amortization
and
Co.—Sells Land Rights—
for
Lease
SEPT. 30,
474,978
261,J42
193,717
920,392
867,677
taxes
other
A—
—
administrative
and
expense
10,427
$2,655,910
207,346
165,225
60,927
equip.*;
n^sc. field
on
11,248
$3,505,661
deprec.
Exploration
expense
94,497
*
158,088
1945
74,029
166,981
149,559
112,^19
90,759
Geophysical expense >
;
1___—
Prov. for undeveloped
leaseholds fftrrenderedProv. for undeveloped lease rentals,
—_
410,422
178,425
$2,394,990
120,065
$1,897,603
$2,515,055
303,000
$1,913,340
75,000
$2,210,055
contributions
Dry hole losses and
$9,123,549; notes and accounts receivable—ti'ade
The
(net), $4,829,542; post-war refund of Federal excess profits tax (est.),
company
has sold for approximately $500,000 cash
surface
$1,075,508; claim for refund of prior years' Federal income and excess
rights to? ft block, of more than 32,000 acres of land in ,P.alo ,Pinto,
profits taxes (est.), $167,900; inventories, $14,605,547; post-war refund
Eastland, Erath and Stephens Counties in west central Texas:".". ' • j
of
Canadian excess profits tax
(est.), $237,907;^ sundry receivables,
The company retained all subsurface rights to the landWhich has .
some oil production and 25,000 acres
out of the block, of- 57.000a
:? claims, advances, etc., • $289,231; other investments, $13,001; land,
Thi ftew owners plan to sell the acreage :in; tracts; bf 1,000 aCres■■ $754,618; buildings, leasehold improvements, machinery and equipment
.(after reserves for depreciation and amortization of $4,188,598), $4,or
mor$ for ranch and farm purposes.—V. 162, p. 2400.
•
'i
403,336;
emergency
facilities
(after
reserves
for amortization
of
$2,407,440), $1,271,568; patents and licenses, at cost, less amortization,
Texas & Pacific Ry.—Earnings—
V'yy
$171,331; deferred charges, $736,646; total, $37,679,684.
456,475
*-*2
and
for
General
period
$4,184,205
depl., deprec. & amort, on prod. prop.
Profit
$3.37
the
149,515
$3,173,421
operating expense*
for
Prov.
$4,034,890
150,060
*
-
income
Production
Prov.
$988,658.
to
$5,023(361
—
income
Total
250,000
stock, after divs. on pfd—
share on common
per
.
CONSOLIDATED BALANCE SHEET,
Texas Pacific Coal & Oil
Gas
*4—270,783
stock
common,
Earns,
of like amount,
income
Oil
222,015
3,144,514
—
2,299,703
cumul. preferred stock—.—_
97,782
cumul. preferred stock—79,657
4%
239,931
3,857,126
profit after special credit——$1,406,385
Cash dividends declared and paid:
.
On
2,922.499
3,617,195
;*.
Royalties
Net
On 5%
1944
1945
146,584
charged to current operations——.
exps.
Leases
68,937
68,019
conting. appropriated to offset
for gen.
reserve
-Earnings-
Sept. 30—*
income—barrels:
237,676
' $1,156,385
;—*
2992,
p.
Transwestgrn Oil Co.
Oil
4,660,266
——
before
profit
Portion
;
.
expense
162,
9 Months Ended
69,745,434
**_*„___
__—_**
V.
$78,218,685
184,319
$78,403,004
i
—
sold
products
—-
——a,;
_
Employees, retirement income plan premium—
Federal and Dominion taxes on income—estimated*****,.***
.
redemption of $1,J62, p.;2687.*^/
proceeds to be applied with other funds to the
580,000 of fJi'Pt',,1 mortgage
bonds, scries A.-—V..
the
of
Interest
authorized the company to issue a
note. for • not, exceeding $1,580,000,- to , be;
Bank Of Houston to evidence a loan
.2%
Second
————
income
Selling, administrative and general expenses—
Foreign exchange (Canadian)———
—_—T_*_—
Exps. in connect, with iss. of 4% cumul. pfd. stk._„
___
,
Texas City
*;
Total income
Cost
indeterminate number of
an
sales
Other
total
the
all subsidiaries)
(Including
-,
with
registered
has
company
Of
MONTHS ENDED SEPT. 30, 1945
INCOME STATEMENT, 9
,
-
the Securities and. Exchange v
shares (par $5 i common stock.
offering,- 238,000 shares will be purchased from the
company
by underwriters, who will offer them, publicly at a price
to be filed in an amendment.
/■'. V,
The
remaining shares will be offered by selling, stockholders,, ineluding the principal underwriters, Stone & Webster and Blodget, Inc.,
and White, Weld & Co., both of New York.
,
..
Proceeds
from the sale of the company's -stock .will be
(used to.,
purchase additional compressor stations now owned by the,. Reconstruction Finance Corp.rr-V. 162, p. 2862. . N, •, \r
"y-; y.
The
Commission
;
•
Transmission Co.-—Registers Common
Tennessee Gas &
staff, would become a Vice-President Of the airline in connection With
its International Division,
General Holmes will take an active part
in
the
international
relations
of
the
airlines routes-to-routes
to
Europe, North Africa, the Middle East and Asia, Mr* Frye Said.—
v-.-fhompsO'ii-Products Inc.—Earnings—
•:
-
- - -
.
$1,838,340
—.
ASSETS—Cash,
Operating
credits
Miscellaneous
Net
income
Prov.
—V,
*_a.
*
—,
State
for
Net
X.
income
Federal
and
taxes
income-
on
income
162,
15,736
1212.
p.
.
„
accrued taxes (other than taxes on income);
royalties .aikL sundry" items, $2,479,135;, estimated liability for Federal
and Dominion taxes on income and renegotiation refunds
(after de¬
ducting U: S. Treasury notes—tax series
(purchased and held for
payment of Federal taxes on income) of $3,741,690), $2,541,701; reserve
;for general contingencies, $2,243,324; reserve1 for workmen's compensa¬
tion and other insurance reserves, $148,833; 4%
cumulative preferred
Plant
Net
Ry,
opers.
ry,
$1,890,661 ."$2,534,054 $29,518,078
accrual's—807,250
$823,161' $11,988,172' \ $8,419,972
2,286,299"
1,971,357
44,116
'9,540
(net Dr)
rents
-
22,737,660^
'216,854.
rentals
facil.
$31,157,632
17,529,906
1,710,893
income*-!;*'..$1,083,411
(net Br)
155,579
oper.
Equip,
Jt.
fr;
rev.
-117,145
♦
' 286,466
-
NCt
rv.
income " '? $918,292- :
—59,738
oper.
income
Total
Fixed
$6,162,149
733,424
708,204
$622,477 $10,318,152
$6,870,353
20,561 ,
371,146.:
211,615
282,064
3,342,173 , 3,193,765
90,160
277,616
charges—
$562,191$9,584(728
60,286
$978,030
income
deductions
Misc.
,
162,
—V,
is
not always
to arrange
companies in exact
However
+hey are always as near
position
mechanical
possible.
as
reasons
W
it
.-"lor
riv
=44'
227
_*,,_,.*_-*
6 519,016
2 909,414
7.289.801
2< "*.043
3 75 <54
1,245,016
8X1.672--JC..U.. 783,433
a.
IOC 000
103,000
252
' 1 200,000
1,200.000
446
(Prop, retire, rx ^ron.
Amortiz. of Tmited-term
5.733
revenues-
3,503
'
$4:764.773
$463 564 ' $6,661,254
$251,098
income; (.net).—^
342
oner.
to
half
last
the
letter
A
"
8.580
holders
the
record
of
Jan.
8,
calling
(Excluding Offsetting Accounts
162,
"
war.
meeting
special
a
on
Jan.
Net
2
holders
the
the
decide
mentioned,
was
has been mailed to
rents
of
meeting.—V. 160, p. 1029.
j.•;
i
Int.,
on
Int.
on
$251,440
$47" 144
86.750.059
170:417
1,445.802
2.045.000
income
Net
'
120.000
23 171
-.
Cr346
5.638.126
202.514
Cr358
Cr8 568
chgd.
Int.
'
59.900,
10 000
debenture bonds
int, and deducs..
to construc'n
Other
Transcontinental
$4,876,270
72,188
_*_*_.!
mortgage bonds
income
Cr4.238
Cr4,196
Scheduled
v
162,
$188.161^v; $264.9142 $2.6t0.469' $2,512,952
stks for the period •
792,963-;" * 865,050
^
2687.
p.
..
of Nashua Firm Acquired—
the Nashua
Nashua-.Manufacturing Co. rommon stock ..out of 108.800
shares outstanding.
This ..includes all Nashua stock held by directors
of the firm and other large interests.
An
offer was made
to all. other shareholders at; the same price.
Settlement date was set for D°c. 29.
Mr. Little stated that'+he Nashua Manufacturing Co.. wilh remain a
j»nnf»r«»te
rornonatton .with •,Robert
Amor" of Boston continuing as
President and General Manasref.
Other officers will also be retained
as well
as the sales and operating forces of all divisions. .
.
'
shares
.
President;., drt
of
of
.
Nashua concern
Lewiston, Me.,"and Cordova; Ala. ;•
The
plan's
of
the
are
located at Nashua, N. H.;
Out
Carry
Two'Subsidiaries, to
Farms
Integration
7
A ."..y- - c
To car"" on
sninnine.. w®av'n«*,', d*">'ng and erthve*t<ng onerations.
Textron, Inc»v has fr"ma'd,' two suht'd'ary nompan-!wq.git••*««>hnnuhned
on
Dec.
26 bv Rmrai Little,- President; One comoany will be known
ps Textron."Mil's
ln«.. w'th mh ex"""t(ve.offices-a? 60 State Street,. '
Boston, Mass, .mhe other, Manville Fabrics,- Inq.j .will have executive
off'cea at M°nvil'ey R, I:. * -••"•j"",' -' .*
' '
Textron Mills* Inc.-,. will become the. yarn- and areige. goods operat¬
ing comoanv for the mn'.s onerafod «t: *Jemftsket, Mass.: Suncook,
N.
H.
add; ManvilleV R. I. Manville Fabrics, ,Inc.;- while
a whollvowned S"bs4diarv.; w'll ore'ate as an independent (converter. - Gre'ee
goods will be purchased not; only from Textron Mills.-, Inc.. but also
in the open market and sa'^s to tho cn+t'ng .trade and to stores wi'|.
be made under the name of Manville Fabrics,- The parent .company,
Textron. ! lne„ will continue sew'ng plant ooerat^o^^ and • the selling
and distributing Of the Textron line,—V. 162, p. 2991.
•
Program—,
.
Thew Shovel
C.
B.
who
Co.—-New President—
died
on
the
routes
Of
Philippine
Air
Minister
of the company.—V.
161, p. 1812.
of
Finance
in
the
Philippine
Government,
Third Avenue Transit
oner,
r°venuesj.—
Total
oper.
expenses-—,
Total
Total
i
i
•
..
training
new
1,
17
v.
Service-r-
airfreight tariff which will extend cargo service*to 33 cities,
the coast-to-coast route of this corporation was filed
with the Civil Aeronautics Board, according to an announce¬
on
by R. E. Whitmer, Director of Cargo Sales for, TWA. Airfreight
presently is available in only five cities on the TWA route.
also
announced an interline
arrangement with Continental
service
TWA
all
tween
will
which
Airlines
cities
on
permit through airfreight service and rates be¬
the TWA and Continental systems.
This joint*
agreement marks Continental's first entry in the airfreight field.
The extension of service provides air shipping .facilities to shippers
Corp.—Earnings—
io4s^_Month—1044
1Q45—11 Mos.—1944
$1,696,506 $19,422,509 $1«,460.811
1,432,504
1,339,987 15,829,247
14,440.630
net oper; revs.
taxes**—-*,
Total oper. income—
Total non-oper. income
$3,593,262'
178,668
£,084,543
$1,508,714
4,303
3,420
51,175
$160,129
174,216
$181,271
"
171,357
$1,559,889'
1,884,999
$1,951,936
■
1,895,907
•$9,913
$325,110.'
*$56,029
located
within
the
terminal areas fox
being
,
New
•'
Vice-President—
Dec. 27 announced that Brig.-Gen. Julius
Holmes, who figured prominently in some of the war's most im¬
portant diplomatic missions as a member of General»Eisenhower's
Jack
$14,087
communities
published on an airport-to-airport basis with separate
clmrges for pickup and delivery.
Under this new rate structure it
will be possible to ship a 100-pound transcontinental shipment in tho
lowest, classification for. $33.63
as compared, wjth the present air¬
freight rate of $37.95.rates
$1,922,700
29,236
.
500
and delivery service, Whitmer said. The- agreement with Con¬
Airlines will provide a
direct coast-to-coast link for such
cities as Denver, El Paso, San Antonio and Tulsa.
A revised rate structure has been planned for the new tariff, new
tinental
2,097,480
$177,850
than
more
pickup
$4,020,181
139,596
income'—
Loss—Ry1 'and bus*— 1
•Profit.—V;-' 162, p. 2687.
$356,513
$155,825
deductions*—****
Total gross
Total
$205,421
elected
—V.
C.
12,000,000
of the months
each
71,273,866 103,000,000
September to November,
1945, of the cost or
Internal Revenue Code
31,
Frye,- President,
on
Cigar-Whelan Stores Corp.—Promotion—
E. Grignard, General Personnel Director since 1937,
Vice-President, according to Walter G. Baumhogger,
2862.
162, p.
United
,
Gas
has been
President.
;
.
Co.—Hearing
Improvement
on
Plan
to
Distribute Securities—
of
To Extend Cargo
Jan.
$1.377.Q2fi
and
accrued in
was
United
personnel. He said that the airline had purchased
5
DC-3 -.type
airplanes from the United States government, which
are
now
being converted for commercial use in the company's own
shops in Manila.
' '
-T."";
;- ■■'■'v.
; vf'
Philippine Air Lines originally started operations in 1940,
flying
passengers, cargo and mail from Manila to Baguio and Manila to Cebu,
via
Paracale,
Legaspi, Catarman, and Tacloban, and from Legaspi
to Cebu, a total of 906 miles of routes.
Other services from Manila
to Cebu, Surigao, Del Monte and Davao,
and from Manila to Zamboanga,
via
Dumaguete
and
Dipolog,
with
a
connecting service
between Zamboanga and Davao, were approved but the outbreak of war
prevented their being flown. Application for further service over a pro¬
posed route from Baguio along the northern coast line to Aparri has
been
held In
abeyance pending procurement of equipment and per¬
sonnel.
The system when fully developed will blanket the Islands from
Luzon to Mindanao, with a network of nearly 3,000 route miles.
Mr.-- Frye declared that
airline service would greatly assist the
Philippine government in resuming its interrupted functions and will
aid in the reconstruction and rehabilitation of the Islands.
in
Period End. Nov,30—
8,488,775
**__
income
of
124
Emile
Air
tariff
Tntal
6,367,824
of
amoxtiz.
approximately one-fourth of the balance unamortized
portion thereof, certified under Sec¬
as necessary in the interest of na¬
tional
defense, of facilities completed or acquired prior to Sept. 1,
1945; the emergency period with respect to such facilities being ended
by proclamation of President Truman on Sept. 29, 1945. The remaining
balance will be accrued in December, 1945,—V. 162, p, 2862.
Elizalde
Lines and that Col. P. I. Gunn, a veteran of more
than 20 years in aviation and one of the best known flying officers
in
the Far East, had returned to the
post of Operations Manager
which he held prior to the outbreak of hostilities.
TWA
is to
provide certain technical personnel and assistance in
addition
to
making its facilities
available to Philippine Air Lines
Philippine
,
36,056,940
3,484,353
and
Traffic
A
31,886,767
552,549 f33,900,681
1,340,456
of Aug.
as
Frye
Mr.
for
12,815,556
11,951,689
inclusive,
1945,
tion
the De la Rama Steamship Co. '
•>" J
also said that Arthur Stewart of Los Angeles, Western
Manager
for
TWA,
was
being
elected Vice-President
of
Co.,
15,068,829
49,273,861
13,216,921
Def 109,831
facilities
tThere
capital
former
&
;
13,162,579
44,702,323
proiits taxes— Cr2.659.614
excess
stock in the reorganized Philippine corporation.
Development Co., an agency of the Commonwealth of
the
ment
of Elvria, Ohio,. Vice-President, s'^ee 1°20. h°s been
office of President, to succeed his father, F. A. Smythe.
Nov. 8,
1945, after serving 46 "ears as the first and
Sm"the.
only President
over
1,705,418
chgs._
Fed.
tlncl.
suspended
Dec.
e'ected 'to the
service
\
The
National
the
Philippines, is the largest single stockholder in the business. Other
principal stockholders in the company include Col. Andres Soriano,
of
Dee',* 22 "announced the tic<nti=itinn by
Manufacturing Co., Nashud, New Hamp¬
shire. producers 'of blankets, sheets and fabrics.
•„
Reftirg forth the details of the transaction. Mr. Little =tated that
Textron,
Ine„. has .Purchased at $r00 per rhare more than 71.000
Ire".,
of Reorgan¬
.
y.;:'"-V;
Textron. Inc.—Control
Ro^el"'-j ittle;
TextTon.
commercial
895,580
1,230,625
sources***
Other
defense
and
ment
13,041,155
4,798,049
1,313,696
'■Includes
at the time of Pearl Harbor when the line's equip¬
personnel !were turned over to the United States military
services, will resume in the near future, according to Jack Frye, Presi¬
dent.
At the same time, he announced
that TWA is acquiring 28'T
Lines,
1,364,043
fr. all sources
inc.
Western Air, Inc.—Service to the
•?-
1,170,968
income—
and
Fixed
v
137,998,013
invests.
from
Total
v-.
Philippines to Be Resumed—Acquires 28%
ized Company Stock—
:
D'v'deuds appl'c. to preferred
—V,
&
170,467,180
93,417,114 124,310,459
18,447,035
13,990,361
698,566
********
other
and
Net
Gross
S
Cr807,447
—
(net)
income
the
tentative
assets
the
of
1945—11 Mos,—1944
43,984,811 464,188,538 458,702,389
25,537,776 326,190,525 288,235,209
Equip, and joint facility
shipyard facilities, for which no
plans for eventual liquidation and
the corporation will be brought before
sell
to
'■
opers.
ry.
tTaxes ?**___;
strike.
a
price
fr.
rev.
■.
;
Companies)
$
33,940,605
oper.
the
Between
19451945—Month—1944
''
$
34,639,171
•'
,
Railway
...
.
'
revenues*
^Railway oper, expenses
Corp.—^Unit Makes Offer—
proposed settlement by the Navy of alL.Claims...made..Jby_-the-corxiDraMon
growing ""out of the seizure of the shipyardTon Dec. 8,'1943, because
of
Agents-
(& Leased Lines) —Earnings—
1946.
outstanding stock is required.—'V.
approximately
1,100
Los
Angeles? Shipbuilding stockholders,
J. B.
riTigoidsby,""Secretaryr~said. "ThS* stockholders
wfu als'b" corisideT" a*
111,497
88.805
'
of the
Unexcelled,
of
in
3121.
p.
Period End. Nov. 30—
distribution
Net
15
two-thirds of
Shipyards, Inc., a subsidiary, has made an offer to
purchase the Los Angeles Shipbuilding & Dry Dock Corp. . yard at
Los Angeles (Calif.)
harbor which Todd operated for the Navy during
If
investments
Other
Jan.
162,
Union Pacific RR.
Pacific
Todd
.1945—12 Mos.- —1944
"*'—*944
of
director
Harriman & Co., New York, N. Y., has been
agent for 475,376 shares of $5 par value capital
Brothers,
stock.—V.
\
'*/'"W
'
tax.es.-u*-—
Other
of
'
Cl,*"~7,724 $17,253,476 S16 180,139
U/-,~
revenues.
expenses.***
taxes
dissolution
the
be
Todd Shipyards
Light Co.-—Earnings-
Period End. Nov, 30—
Federal
approving
on
to
cash,
made
be
4
.:i
f - a
distribution in liquidation of $45
made on approval of dissolution.
Payments
1556.
p.
alphabetical
.
Texas Power &
Operating
Operating'
Brown
alphabetical
NOTE'—For
.
and
appointed co-transfer
...
Anorovai of
possible
Vice-President
MacGregor,
authorized
have
directors
in
Jan.
vote
company;-
share
a
will
stockholders
The
would
order.
Russell
C.
recently
elected President of the Premier Chemical Corp.,
Cleveland,^ Ohio, a subsidiary of the Ohio Bronze Powder Co.,
which Unexcelled has a controlling interest.—V. 162, p, 2063.
was
(par
The
2991.
p.
was
Union Asbestos & Rubber Co.—Co-transfer
'
$3,464,973
$6,604,833
$319,852
$610,254
_*.
Elected—
has been elected Secretary and Treasurer of this
announced on Dec.
17 by Wildey C. Rlckerson,
Hansl
It
;
above.—V. 162, p, 2313.
Chairman.
Toledo Shipbuilding Co.—To Vote on Dissolution—
XV-;
The
income
Net
Raleigh
company,
$100),; $6,000,000; common stock (361,697 shares no par),
$5,956,270;
capital > surplus,
$100,323;
earned
surplus, $11,521,571;
total, $37,679,684.—V. 162, 2862.
stock
Cyanamid Co.
Unexcelled Mfg. Co.—Sec. & Treas.
■
.
Other
$421,231;
Corp.),
American
See
revenues
Operating
Ry. tax
Turner Construction Co* of N. Y.—New Contracts—»
^ 1945—Month—1944 ", 1945—11 Mos.—1944 ■'j ,v„i. LIABILITIES—Notes payable of Thompson Aircraft Products Co.
$5,163;390 $6,323,824 $70,233,849 $73,235,324 1; to banks (due Nov. 30, 1945), $4,200,000; accounts payable—trade,
expenses3.272,729
3,789,770 40,715,771 42,077,692
payrolls and miscellaneous, $2,062,296; accrued rent payable (Defense
Period End. Nov. 30—
Operating
The
will
SEC
summarized
be
(1)
of
its
stock,
such
of
1
of
snare
Inc.,
1
•
on
company's plan which may
»
following securities:
stock of American Water
the
Works & Electric Co.,
.1._
Commonwealth & Southern Corp.
common stock of Niagara Hudson Power Corp.
5%
cumulative second preferred stock, Series A,
of
of common
of
share
1
15
exchange for each unit of 10 shares
up to and including 750,000 shares
common
of
shares
10
Jan.
hearings
follows;
-■,
shares
12
hold
as
UGI proposes to offer to
outstanding capital stock,
.
...
..
stock of The
Niagara Hudson Power Corp.
share
1
of
common
stock of
Public Service Corp. of New Jersey;
proposed to be made only to stockholders who
Upits of 10 shares or multiples thereof and is
limited to 750,000 shares of a total of 2,325,200 shares of UGI capi¬
tal stock outstanding. In the event that more than 750,000 shares of
offer
The
(2)
UGI
tender
stock
capital
securities
the
is
stock
in
are
tendered for
will
be
a pro rata distribution
the basis of the number of units
of
exchange,
made upon
of
stock tendered. However, UGI proposes to accept for ex¬
change at least one unit of its capital stock in all cases where stock¬
the
capital
holders
have
tendered
one
or
more
such
units
of
10
shares
for
exchange;
Acceptance of the offer of exchange may be made only by
delivery of certificates to UGI representing the number of UGI shares
tendered, accompanied by the "Form of Acceptance" of the. offer of
exchange prescribed by UGI;
'
.
(3)
states that it presently owns sufficient shares of stock
above-named companies to accomplish the proposed exchange,
that in the case of the common stock of American Water
Works
and Electric Co., Inc., it proposes to acquire a maximum of
12 000
additional shares as may be- needed for exchange purposes.
UGI proposes that such shares would be purchased from The United
UGI
(4)
the
of
except
made)
on
sale has been
four market
this Commission.
average daily sales price (bid price if no
the New York Stock Exchange for a period of
the
at
Corp
days immediately
—V. 162, p. 2688.
preceding approval of the plan by
Plywood Corp.—Outlook Favorable—_
the West Coast which delayed its reconversion,
corporation anticipates a satisfactory volume of sales and profits
it3
fiscal year which ends April 30, 1946, Lawrence Ottinger,
United States
Despite .strikes
this
for
on
-President, states in
"The
a
report to stockholders;
productsof all kinds far
demand for our
•
;
exceeds our supply/'
THE COMMERCIAL & FINANCIAL CHRONICLE
3240
Mr.
Ottinger declared,
to produce.'*
"and
the question of volume
ability
Mr.
Ottinger
contract giving
depends upon our
that
the
Prices
by- OPA
permitted
on
corporation
of
some
S.
U.
165,829
were
11,
75,196,
there
April 27,
stockholders,
common
of
amount to
about $1,660 to each holder of $1,000 face amount of bonds.
National Bank, Corn Exchange Bank, Bank of
Manhattan
Lowry & Co., Inc., former manager of the debtor company,
and Lowry's affiliates will receive the
principal amount of their bonds
The Chase
preferred
Increase
an
stockholders
of
13
since
of
Aug.
1945.—V.
162, p.
record
2,
75,183 preferred stockholders,
were
increase
an
1945.
Nov.
2,
Co.
1945,
1945. On the latter
decrease of 147 since
a
in
2192.
According
will
in
grind
the
to
raw
gallons
largest
of
i^bor situation have delayed
^
the new tax law," the report states, "the last four
fiscal year ending April 30, 1946, are theoretically on
of
"Because
months
of
our
to the market.
the entire year are
averaged as between the old rate and the new rate proportionately
This average rate has been used for the six months ended Oct. 31,
1945, as shown above."—V. 162, p. 3121.
•*
under
but
of 38 %
basis
law the
the
the
start
the
corporation
crop
for
„
the
war.—V.
162,
2064.
p.
for
the
United Specialties Co,—Annual Report—
Gross
less
sales,
Cost
Profit
taxes
for
&
credits
and
charges
Provisions
&
inc.
The company
with
the
renegotiation
of
for
$1,312,510
$725,329
159,911
17,230
74.650
at
report
the
in
income
Net
Net
50,000
$267,132
Cash
&
Other
(net)j_.
receivable
I
$5.50
The
net
$137.54
Post-war
refund
Propertv,
&
equip.
Prepaid
:
defd
charges
other
and
assets
———
1,078,438
11,820
40,696
$3,773,468
$3,251,641
$250,000
321,774
154,430
Res.
for
post-war
Common
conv.
100,000
170,000
(par $1)
surplus u—
surplus
:
treasury stock (10,000 shares)
100,000
cost
;
■■
;
$358,219
170,000
170,000
893,980
893,980
1,167,250
954,311
80,000
80,000
Amendments
&
savings notes, series C
1441.
Company and Trinity
In
connection
the
With
345,000
Sheraton
from
330,000
proposed
the
debtor
amended
number
of
an
public
the
sale
at
shares
common
plan, which contemplates
for
of
900,000
shares
be
;
that
offered
first
Under
the
at
600,000
$2
to
shares
previously
as
The SEC
the
of
amendment
approved
of
auction
sold
be
at
$3
the
share,
a
with
proposed,
this
to
Friedus
the
it
be
both
the
Sheraton
preference
a
for
plan,
and
the
debtor
of
the
been
U.
will be in
for
Tires
former.
mass
was
rubber
tubes,
Mr.
/.
At
and
certain
their
instead of
to
retain
superior
its
among
air
of
fair
$1.59
Coe.
Net
feasible.
of
the
tear-resistant
they
are
larger
net
Earnings
common
earnings
aside
Footwear
and
Fuel
natural
were
cited
"
advantages.
Cell
\
elected:
Elmer
John
and
Def$53,868
1944
•
stock
common
distributed
Cuba.
Point
than
through
y1"'
OF
"
:
INCOME
and
now
States,' England,
40
'
Manufacturing
doubled
..
AND
..
SURPLUS
Year End.
<
Year End.
sold
Year End. 52 Wks. End.
Aug. 26, '44 Aug. 28, '43 Aug. 29, '42
$51,009,794 $47,329,970 $56,474,675 $53,314,343
and
L
>
J
'
.
•
.
•
■
•
'
44,244,752
41,771,347
49,077,222
44,738,914
6,765,042
$5,553,623
$7,397,434
360,006
exps,—
420,070
393,309
$8,575,429
273,984
(less
oth.
339,298
State
302,280
257,116
207,973
$6,280,973
$8,047,879
$9,057,385
v
$7,464,346
j
provision
and
1
for
taxes
5,377,750
contingencies-
for
154,161
300,000
850,000
$1,932,436
$1,714,273
$1,584,379
12,210,732
11,380.559
11,297,617
has
162,
elected
4,266,700*
5,613,500
a
Tofal surplus
5,738.750
1
2,000,000
$1,318,635
.
10,805,883
'
■
472,396
.
$14,143,167 $13,294,832 $12,881,996 $12,596,914
paid in cash1,260,000
1,134,000
1,296,000
1,299,297
prior year ad¬
Sundry
—
•
justment
(net)
Cr20,301
,
Surplus
Shs.
stk.
(par $20)
per
cap.
j
<Cr49,899
5,437
$12,903,468 $12,210,732
unapprop.
share
360.000
$11,580,559 $11,297,617
360.000
360,000
360.000
$5.36
CONSOLIDATED
director,
\
BALANCE
(Incl. The Dixie Cotton Mills,
$4.76
$3.60
SHEET, AUG.
25,
$3.66
1945
;
wholly-owned subsidiary)
a
ASSETS—Cash, $1,926,515; U. S. Govt;.11 securities, (including accrued
thereon),
$2,065,761; accounts' receivable,s $3,594,545; mer¬
chandise inventories, $7,718,638; supplies. $843,824; insurance
premiums
interest
'
deposit with mutual companies, 8127,927; -deposits for income and
social security taxes and the
purchase oL-savings. bonds-(employees),
$124553; investments at cost, $6,970,050; ^property, plant* and equip¬
on
-
by stockholders, will
of; underwriters headed
group
;
credits
Dividends
2688.
p.
year-
surplus
Miscellaneous
market
investments
Cuba—Director—
been
for
profit
Previous
receivable
being -sold
a
other diva.
at
ment
be
<after
for
reserve
depreciation
"'
prepaid
by
and
deferred
of
$14,572,098 »„ $8,283,510;
$238,783; ^goodwill,: $1; total,/$31,893,958.
items,
price* -to' be~- rJ-IAjB,ILITIES-r-Nates. nayahieabanks); .83.500.000; accounts • payable,
E. I. du Pont
$1,620,230; salaries and wages, $189,109; iFederal income and excess
profits taxes
(after deducting
108,000 shares.
$4,202,705 U. S. tax
1945
'1944
$1,011,295;
deposits
other
for
bonds,
savings
Federal,
income
State
and
social
and
security
local
savings notes),
$437,480; employees'
the purchase of
insurance reserve, $108,-
taxes,
taxes
employers' liability
$124,353;
and
023;
reserve
for contingencies, - $4,800,000;
common
stock (par $20),
$7,200,000; consolidated surplus, $12,903,468; total, $31,893,958,—V. 162,
2689..;;
v.
■
.v
■ *■
■
-V
1942
$1,126,649
$1,450,240
$1,494,854
891,806
$1,101,917
1,179,553
1,192.291
NOTE—For
*
918.190
etc.-
1943
passible
to
mechanical
$234,843
$270,685
30,945
21,315
$291,999
in
always
are
ie
exact
as
near
not always
alphabetical
alphabetical
27,412
$265,788
48.160
However, they
position as possible.
it
nations
companies
arrange
order.
$133,727
$329,976
•"I
$302,563
$0.73
'
Loss
in
1945
was
equivalent
to
10
165,000
168,000
20,416
29,175
20,575
Cr 10.646
Cr28,484
Crl7,185
•18,967
$122,252
___
$125,855
$115,009
$122,434
$3.08
——-
$3.19
$2.86
$3.0J
share——
per
for
$22,834;
SHEET,
marketable
payable
ior
after
including the month
the
earnings
for
the
of
SEPT.
30,
securities
year
requirements
stockholders of record on Nov. 9
1945
increase of 279 since Aug.
10, 1945. On the
will
from
1945
and
income
accruals,
and
$417,588;
excess
profits
dealings
date.—V.
at
New
H.
taxes
and
Operating
expenses—,:
division
store
operations,
country-wide retail
O. Pinch, director
-
of
its
Bert
has
been
elected
resigned:—V.
162,
a
in
T
Joint
has
been
store
of
*
rents
director,
elected
was
to
succeed
W.
G.
the
Central
Johnston,
division,
who
has
»
Warner Sugar
A
new
recent
plan
U.
S.
was
District
Erhorn,
of
reorganization
for
the
corporation, based on a
West Indies Sugar Corp. for
acquisition of the
Dec. 13 with
Judge Samuel Mandelbaum of the
Court.
Hearings on the plan will be held before Oscar
proposal
properties,
Corp.—New Flan Filed—
stock
of
Miranda
reorganized company, for its interest as a
Warner Sugar,
and
will subscribe
at least $2,112,217
additional stock of the
reorganized
pany
to
now
pay
bonds
the
cash
with
$240
company.
so
provided, together with the assets of the debtor com¬
by or for the account of the
trustee, will be sufficient
public bondholders
the
full
principal amount of their
held
the
of
CV49.103,
5,804,000
$5,235,873 ' $6,013,677
1*163,508
$602,252
$5,949,885
$6,309,745
32,464
335,925
318,710
$634,716
$634,157
$6,285,810
$6,628,455
14,091'
32,720
—„
'• 4,726,000
Cr886,428
Z>rl72,416
Dr 12,861
Gross income
Fixed
;
$666,877
—
charges
'
—
293,296
income
Net
•Incl.
Cr459,576
$364,525;
2,989,357
2,972,318
$3,296,453
$3,656,137
937,674
T 937,648
of
projects
162,
270,191
$373,581
amortiz,
acct.
85,243
84,997
2689.
p.
Westinghouse Air Brake Co.—Official Retires—
G. Down,
First Vice-President and a director, will retire
climaxing 44 years of service with the company.
He will
directorship of the company,
'
31,
his
Down
also
director
and
Mr.
Co.,
is
President
member
of
director
and
the
executive
of
the
American
committee
of
Aviation
Corp., director and Executive Vice-President of
Westinghouse Automotive
Air
Brake
Co., director and
President
of
of
National
Brake
&
Electric
Co.
and
the
the
Brake
Bendix
Eendix-
First
Vice-
President
and
the
Westinghouse Friction Draft Gear Co. and a director
of Canadian Westinghouse
Co., Union Switch & Signal Co. and First
National Bank of
Wilmerding.—V. 162, p. 3123.
interest
at
principal
6%
from
Jan.
1,
heretofore
paid
on
1931,
each
to
Westinghouse Electric Corp.—New Products—
A
new
Cleveland,
fuL?
e*' ,<3- A-' tlle
bondholder of
for
300,000
by
filed
Special Master, on Jan, 14, 1946.
this plan West Indies
Sugar will receive
Under
1945—11 Mos.—1944
#
the
in
Earnings—
$567,240
(net)_
income—
defense
par),
with¬
company's Western
Vice-President in charge
operations
.
$2,900,488 $31,662,568 $33,650,645
2.033,248
21,700,695
21,832,968
1.816,522
income-Lx.^
oper,
Other
—V.
(no
operations.
store
2992,
p.
of
•
-
227,000
facil.
Net
Dec.
charge
'
'
'
$532,306
L", Crll4,712
Operating income
Equipment rents
retain
was
suspended
o'clock rpop,
Exchange at 12
1945—Month—4944
Taxes
Sidney
who
Stock
$2,575,828
,
y,
offering
Fowler,
York
3122.
revenues—
•Operating
surplus,
'Vice-President, Etc.—
Tracy
New
p.
Period End. Nov, 30—
dividends
earned
of 15,000 shares of common stock
Dec. 10 by Smith.
Barney & Co. at $41 ^ per share,
drawn Dec. 20.—V.
162, p. 2992.
162,
mar¬
governmental
special
the
on
Western Maryland Ry.—November
(amount
Walgreen Co.—Special Offering Withdrawn—
December.
current
1945,
tnat
BALANCE
reserve
of
capital stock of record at the close of business on Dec,
be offered the right to subsCnbe at $20 per share for
capital stock, of $1 par value, to the extent of one share for each,
four shares held.
They expire on Jan. 15. 1946. and will be
28,
price equalization.
$1,301,420;
Air Lines, Inc.—Rights to Subscribe—
Western
Holders
/
stock (par $100),
$3,225,800; caoital surplus, $65,466;
$1,201,723; total, $7,450,946.—V. 162, p. 1031."v
W.
United States Steel Corp.—More
Stockholders—
148,000
re¬
charges, $403,424: reserve for contingencies and
$530,918; reserve for wartime and post-war adjustments,
$123,901; inventory replacement reserve, $12,286; marketable securities
reserve,
$142,206; preferred stock
(par
$100),
$1,304,800;
common
$2.13
depreciation, depletion and amortiza¬
deducting preferred dividend re¬
;
an
83,000
32,280
—
inventory
general,
$1 124 053
1557.
common
3231,387
director
after
adjustments,
—1—
1943
$383,604
Nil
for
1945).
estimated that
year-end
166,108,
and
profit
Fed.
1945
of
resigned.—V.
are
-
income
payable.
The
numbered
30,
Co.
Brothers
through
LIABILITIES—Accounts
in
White,
John P.
share.
corporation's
the
Detinning Co.—Earnings—
income
other
W.
H.
Divisions;
will be more than sufficient to cover
preferred dividend
The
SEPT.
quotations $2,301,621), $1,810,955; accounts
receivable, $277,671;
inventories, $1,101,852; other investments. $180,392; plant and
equip¬
ment
(qfter depreciation and obsolescence
reserves—July 1, 1929. to
Sept. 30,
1945, of $3,303,291),, $1,140,816; processes and
intangible
assets, including goodwill—ss valued at acquisition dates—less
sub¬
sequent write-downs to Sept. 30,
1945. $1,594,677; deferred charges
and
prepaid expenses, $19,263: post-war excess
profits tax credit—•
estimated, $23,901; total, $7,450,946.
being
V, j
1945
share
($1,549,552 in 1945)
quirements ($1,501,333 in
162. p.
goods
Estimated
Net
made
(est.)__
reserves
tion
V.
widely
Rico
charges)-,.
Prov.
year
ASSETS—Cash,
had
United States Smelting:, Refining: &
Mining Co.—Earn/
is
of
Total
ket
passenger
than
properties,
important
more
11 Months Ended Nov. 30—
•Consolidated
and
the West
more
"
Sugar
which
CONDENSED
L. C. Boos has been elected
President of the United States Rubber
Export Co., Ltd. and Herbert G. Kieswetter has been
elected Vice
President, it was announced on Dec. 19.
by Herbert E. Smith. Chair¬
man
of
the
Board of Directors. Mr. Boos,
formerly Vice President
of the export
company, will continue as General Manager and Mr.
Kieswetter will continue as Assistant General
Manager.:—V. 162, p. 2862.
NOTE—It
:
companies, $886,200; total, $10,332,210.'.
Adams,
w
to
The
1945,
51,955
.•
time
same
not
New President of Unit—
per common
in part:
stated
—&ret Iters*-at- -a-
placement; reserve
Manager of Naugatuck Chemical and Synthetic Rubber
H. Gordon Smith, General Manager of the Textile
Division;
G.
Brown, General Manager of the' Mechanical Goods,
General Products, and "Lastex" Yarn and
Rubber Thread Divisions.
Each new Vice-President will retain his
title of General Manager and
will continue his division
managerial duties.
cents
SHEET,
Lehman
B.
of
deprec.,
Earnings
better
General
per
surplus.
(bock cost. $6,797,238 >; $9,192,809;
of
Ai
income
Appl.
Ernest
•After setting
74.014
of
.
Tax reserve-, etc.
Other charges
Divisions;
and
91.618
15,
$350 per share.
They have
Manufacturing Co', for nearly
obligations and accounts receivable and
Liberal provision-has been made for possible
Oper. prof. of rfiills divsi
to
a
of
•
3,300
Other income
2,600
by amendments
The selling stockholders include
Nemours & Co., which is
disposing of 54,000 of its
Total
and
manufacture
the
much
The following five new
Vice-Presideqts have been
McGovern, General Manager of the Tire Division;
Manager
88,830
the public
_to
Nov.
on
acquired 99.7% -of
cost
a
Aug. 25, '45
Oper. profit,
giving effect to results of security-transac¬
stock.
shares,-all
Other
to
stock
as
the
as
present
Elects Five New Vice-Presidents—
General
87,768
associated
Profit
.
tubes
its
as
truck
,
butyl
and
Baldwin
in
use
'
of
$181,434
$203,976'
corporation, manufacturer of cellulose casing or packaging for
has filed
with
the Securities
and
Exchange Commission a
statement
covering
150,000
shares
($5
parr class
A
Expenses,
production of butyl inner tubes early
by W. D. Baldwin, Sales Manager
During the war
use,, he said, and at
military
.
ability
$161,767
$195,537
p.
Dec: 6
on
division.
civilian
sizes.
The
by
stated
solely for
tnade
car
S.
$131,218
$173,520
Visking Corp.—Registers with SEC—
United States Rubber Co.—Butyl Tubes
Output—
■
was
$138,275
succeeding Frederick
•Reserve
it
46,573
(without
Manheim
Vulcan
Trinity
new
plans
SEC reported that it
regarded the Friedus plan
Judge Clancy has reserved decision—-V. 162, p. 2521.
1946,
49,553
4,600
1557.
o.
29,414
58,669
^uncertain.—V. 162.
:
over
Earnings
E.
at
loans.
?
sell. & admin,
$233,390
3 Mos. End. Sept. 30—Sales
was
the
This company
15,404
$210,940
all
been'made
Government
bank
sales of cloth & yarn
Cost
11,852
ertientes-Camaguev
Paul
S.
no
.
1942
$185,372
has
(Including Dixie Cotton Mills, wholly-owfled subsidiary)
,
Net
,
\
re¬
reorganization,
internal
'
;
to
15,724
income—
of
U.
are
30,
30
1943
,
provision
no
stockholders.
feasible and expressed
in
1944
Co.
CONSOLIDATED STATEMENT
the prospectus the
company intends to pay a dividend
on
each share of its class A and class B common
commencing in Jan.,
1946, provided
the
earnings, financial
condition
and
business
continue, in the opinion of the board of
directors to justify the declarations.
proposed that
1,575,000 shares of the reorganized company
offered to stock¬
holders at $2.50 a share.
Previously it had been proposed that 900,000
shares be sold at $2.50, with 500.000 to
go to the Friedus interests.
,
SEPT.
a
the
insufficient: to. pay
are.,
.
outcome
President,
the company
Sears
Canada, Puerto
stocks
Broadway, at a price of not less than $3,500,000.
against the $3,000,00b previously stipulated. It was also proposed under
amendment
June
at
to
in
Of
numbers
LIABILITIES—Accounts payable for securities purchased—net re¬
ceived, $18,200; accounts payable, accrued expenses and
taxes, $5,155; $5.50 dividend priority stock ($1
par), $69,989; common stock
(10c par), $56,755; surplus,
$7,782,128; unrealized appreciation, $2,399,983; total, $10,332,210.—V. 162, p. 2688.
'
'
;
-
of
the
Building. •'11-1*115
the
ENDED
Richmond,
Period—
securities,
securities
de
security holders.
provide
to
reorganization
of
plans
organized company to go to U. S. Realty
The
MONTHS
R.
debts.
dividends
amounted
share
subscribe
company
selling agents for West Point
By this purchase, the company now owns its selling organ¬
Wellington Sears Co.'s gross assets, over. 75%
consists
years,
cash,
1944.
filed
to
trustee's
in
reports
common
ASSETS—Cash in banks, $236,709; accounts and dividends
interest
accrued.
$16,493;
general market
The
Clancy Dec.
the
per
to
are
stockholders.
or
Since the split-up of stock in 1937 of
the number of stockholders has
.
respective
and
offered
Corp. were filed at a hearing before
13.
*
plan, which contemplates a merger
Corp.; the amendment provided for an increase to
with
accumulated
$196,944
quotations—Schedule A
(and
Co.—Amendments
banks
reorganized
company
therefore
and
Co.,
$181,219
BALANCE
common
Building
federal Judge John W.
the
and
as
there
registration
.
the
„
and make the
the year
ization.
'"•>
^
_
•Over expenses
i.'
$3,251,641
tax
p.
Improvement
three
per
and
share
taxes——
of
According
the
to
60
of
nine months ended Sept. 30,
equivalent to $147.29 per share
after deducting preference
date
in
—
"*•—Bedrer
U. S. Realty
Plan Filed—
par)
Salt
Co.,
the
for
stock,
NINE
tions), carried to •statement
meats,
$3,773,468
$3,467,526
•Includes $206,582 U. S. Treasury
"necmed-interest -Thereon u—Vv- 162,
FOR
income
income
The
•.
Total
($1
six-tenths
plus
893.980
1,362,34.3
-
value,
priority share at Sept. 30,
Divs, pfd. on prior stk._
100,000
—
.
Total
425,131
350,000
exp.—.
Capital
at
295,000
stock
Earned
fcess
$313,786
913,453
295,Q00
—.
—
capital stock
Nebeker-Burton
debtor
full
creditors
Wellington
acted
—
Expenses
in
.-
45,859
payable
(baiik)
Accounts
payable
,———,—.
Accrued
payroll & expensesMortgage bond
of
assets
the
in
reorganization
Carleton
v
the offering price.
1945
35,756
LIABILITIES—
—
shown
per
income
834,901
,791,207
S3,467,526
Notes
of
that
priority
earned
37.474
>
——
of
as
as
$121.51
50,000
-
———
Total
$412,045
88,755
1,095.457
10,949
.
11,359
—
exps..
4%
of
by
net
priority share and 16 cents
per
and to
•Excess
50,000
1,040,398
(net)_—
—
$321,145
1,011,215
1,155.252
50,000
.*
tax—-
profs,
exc.
plant
Patents*
bonds)
made
the
corporation
assets
dividend
Dividend
1943.
82,441
—
def.
1944
993,625
461,986
>
.
be
liquidation of $110
$1.19 per share of common stock.
Fed.
31
•$781,859
-
,
S.
AUG.
1945
—
—
(U.
sees.
$1.32
:
securities-—.
Government
assets
Gov't
v.
89,900 shares
to
voluntary
34,000
$1.60
SHEET,
v
equal
$174,079
48.000
$1.67
BALANCE
Accounts
$256,280
80.000
———— —
ASSETS—
Inventories
!—
share
per
for
426.600
—
———
dividends
profit
the
of
shows net
of
1945
1,039,000
784,166
—
Secretary
.
commission of
a
Interest
Common
price
a
EARNINGS
exp.—
conv.
The
1945,
346,297
three
to
West Point Manufacturing Co.—Annual Report—
Utility Equities Corp.—Quarterly Report—
war
—
post-war
Assistant
and
has registered
Offering will
SEC.
City,
l'/c, plus
4,353,095
$1,071,626
(net)profits
exc.
contracts
Prov.
5,682,670
81,747,925
435,415
The
$800,000
of the plan, the reorganized company will be
a
subsidiary of the West Indies Sugar Corp.
plan, it is claimed, effects a compromise and settlement' of
claims
whiclj, if litigated to a conclusion, would greatly delay
During
$5,424,721
$7,430,595
$1,211,209
exps.,
1925
2688.
p.
attorney
the past six
an
bad
7,297,569
—
operations—-—.—'
from
Income
— -
„
of
completion
The
any
Utah Fund, Inc.—Stock
Registered—
of
$1,751,142
539,933
sold-—;
profit from sales
and administrative
Gelling
„
$9,048,712
——
goods
of
Gross
allows.
returns,
discounts
and
162,,
unsecured
various
1943
1944
1945
31-*-
since
company
years.—V.
He has been
of
creditors
Upon
.
of
Adolph Schimel has been elected Secretary.
Lake
Years Ended Aug.
Interest.
any
loan
wholly owned
molasses.
for
taxes
4%
assets
secured
10,
Universal Pictures Co., Inc.—New Secretary—
reports, but scarcity of materials and the
«,
without
The
Crop—
Dec.
on
of sugar cane this season and,
will provide upwards of five
The crop is expected to be
acres
the
sugar,
blackstrap
since
made
announcement
an
approximately 30,000
addition
million
large amount of money has been spent in the preparation of new
and in organizing departments for their sale, Mr. Ottinger
to
tiroducts
delivery of these products
cash
five-year
United States Sugar Corp.—Record
Mr. Ottinger, "are unsatisfactory and we have no way
©f knowing when thev will take a more realistic attitude. In the case
of
fir • plywood,
both labor and logs have advanced approximately
60% while the OPA prices are only 2% over those prevailing in 1941.
.
and
proportion of their bond holdings.
according^ to
A
there
May
corporation's
totaled
date
products,
PJywood's
date
since
The
has
signed a
it the production of the Peninsula Plywood Corp., a
targe manufacturer of fir plywood at Port Angeles, Wash.; one-half
of
that
production going to U. S. Plywood in 1946 and the entire
production during 1947 and thereafter.
announced
latter
501
•
also
Monday, December 31, 1945
May
$1,000
1,
1946.
bond,
this
With-
will
"It
product
Ohio,
means
an
White,'Division
pared
to
750
arrangement
used
by
80%
fluorescent
boost in
Manager.
pre-war,
of
in
this company,
over-all
"We'll
and
production
lighting fixtures
it
will be
.
made
in
recently stated.
production,"
increase
spend
lines
was
according to W. F.
employment to 1,400 com¬
for new equipment, re¬
personnel. The com¬
$1,200,000
and
training of
pany
will make a ballast unit which includes a small
transformer
that regulates the flow of
electricity through a fluorescent lamp.
"We also expect to increase
production of our regular lines of in¬
dustrial and commercial
lighting equipment," Mr. White said.—V. 162.
p. 2993.
(Volume
162
Number 4451
-
Wilson Jones Co.—Earnings—
INCOME ACCOUNT
Cost
YEARS
AUG.
ENDED
Net
all
Cither
5,588,831
$634,856
50,359
$887,222
45,140
$1,363,533
55,386
$685,215
$932,361
$1,410,269
„■
income
income
eral
Prov.
$6,952,364
6,166,854
,*
deductions
Net
$7,054,076
oper.
income
Total
1944
5,474,671
$633,224
from
profit
Other
exps.
$6,109,527
$577,838
and
bef.
taxes
lor
Excess
144,837
_____
120,303
46,736
151,790
199,366
U.
$488,387
$558,912
taxes
191?,017
§258,670
24,483
$780,571
$1,210,902
"188,900
(236,476
(232,804
so
thereunder
long as tne credit is available
is liquidated,no cash dividends
FOR YEAR ENDED AUGUST 31,
INCOME ACCOUNT
•
taxes—„
that
things,
Net
inc.
Credit
for
the
earn,
$270,887
year
surplus.:
$300,242
583,024
>913,315
.
.
adjustment
_±_„—
Total
paid
tiChgs.
earned
to
Earned
Shares
of
goods
Earnings
pi'ior year.
;
_
and
$1,236,125;
refund
from
200;
sundry
accounts
and
(alter
(less
capital,
of
property,
and
amortization
plant
of
$o,l3u;
stock
common
$135 462*
emolovees'
$10),
$2,635,000;
series C notes,
ance,
Profit
'•v.YY
bring
to
line
with
the
book values
i
Our
the
this
corporation's
policy,
plant
in
and
and
located
and
sundry
LIABILITIES—Note's
for
accounts
1944,
wages
is
into
liquid
more
a
the
to
balance
"After
$392,801; U. S. Treasury
profits tax, $136,000;
U. 8. Government de-
ended
practically
now
complete,;, and
and
bonus,
payable
payable,
$410,000;
receivables,
to
banks
$395,168;
accrued
$34,976;
$9,776;
L.
Industries of Canada, Ltd., and
on
the basis of the official
Young
A.
during
periods,
profits of $15,510
1945,
161, p.
the
in
and amounted to a
1944 and profits of
2491.
y
-
ACCOUNT, YEARS ENDED JULY 31
'
'
(1944
"1945
1943
,
$35,591,955 $31,845,110 $22,244,960
income
2,741,558
1,825,12:3
997,390
$908,862
$827,727
408,658
on
3,292,262
2,383,400
$1,126,938
204,329
408,650
$2.76
$2.22
3,868,496
estimated
paid
share
per
provision
31,
•
estimated
for
basis
same
NOTE—At
as
(After
1944.
July
31,
final settlement
working capital
1945
computed
renegotiation
$2.00
approxi¬
on
indicated by the settlement for the year
that
of
renegotiation.
amounted
$6,438,644
to
aj
CONSOLIDATED
income
"V"
renegotiation
loan),
refund
295;, claims arising
receivable
$33,119;
miscellaneous
refundable
largest backlog of unfilled orders in the peacetime history of this
corporation.' ;>
^ *.
During the year ended Aug. 31, 1945, the - company reached an
agreement with a district price adjustment board, subject to final
approval bylthe War Contracts Price Adjustment Board, with Tespect.
the
stock
certificates.-—V.
162, p. 3123.
A-.„
JULY
1S451
31,
for
plant
portion
war
facilities
of
contracts,
acquired
Federal
unbilled
$670,101;
under
profits
excess
war
taxes
contracts,
for prior
$70,604; inventories, at lower of cost (first-in, first-out basis)
market, $1,931,192; miscellaneous investments and accounts receiv¬
able, $10,200; accounts receivable from employees, $4,414; post-war
years,
refund of Canadian
u
excess profits taxes (est.), $10,789;
property, plant,
equipment, at cost, less reserve's for depreciation (after reserves
depreciation of $3,919,888), $4;954,756; garment hanger patents
(at cost, less amortization), $43,750; other patents and good will, $1-?
deferred charges, $237,254;
total, $14,802,230.
. .
i, "
and
for
the
surrender of
.
SHEET,
or
LIABILITIES—Trade
per
the
under terminated
amounts
accrued
$570,134;
taxes,
BALANCE
ASSETS—Cash, $4,541,148; securities (at cost and accrued interest),
$209,606; trade accounts receivable (after reserves of $66,320), $2,085,-
$3,677,093.
(Regulation
profits
war
Federal
total,
corporation has called for redemption on Feb. 20,
1946,
all
outstanding shares of $6 cumulative preferred stock at $100
share, plus accrued dividends of $1.82 per share.
Immediate
payment will be made
at the
Guaranty Trust Co', of New York,
140 Broadway, New York, N. Y.,
or at
the First National Bank of
Chicago, 38 So. Dearborn Street, Chicago,' 111., upon presentation and
of
date,
have
we
(Loss
(Loss.
.
taxes
income,
July
excess
from
The
;
status.
sbeet
Rapids, Mich., at approximately
eliminated its land contract obligation:
doing
so
reconversion
assets
subsequent
Grand
in
$0.25
par).
been 'consolidated
in
$13,751
mately the
profit
sold
$105,030
$0.93
profit
Earnings
.
it
$379,453
$0.52
(no
of
—^
Dividends
accruals, $29,390; land con¬
Jervis, President* Oct. 31, said in part;
v
tract (payable $3,750 quarter-annually), $125,000; common stock (par
for
the year ended Aug. 31, 1945 was $187,000, or •
value $1 per share), $238,674;
paid-in surplus, $122,970; earned sur¬
per share, as compared to the adjusted profit for 1944, after
plus, $1,075,782; total, $3,677,093.—V. 155, p. 272.
"Jgiving effect to the proposed and accepted renegotiation settlement ",
applicable to that year of $307,013, equal to $1.29 per share.
;
;
Wilson & Co., Inc.—Calls $6 Preferred Stock— f
It
is
the
intention
of
{
your
management during
the 1946 fiscal
In
$212,268
Nil
prevailing
1943.—V.
on
Net
79 cents
year
of
before
Taxes
E.
Net
shares
exchange
sales
Net
$1,075,781
'*■"/
Vt
; balance sheet, aug. 31, 1945
investments
$675,000;
Winters & Crampton Corp.—Annual Report—
R.
($26,064
—
INCOME
prepaid and deferred expenses. $34,459; unamortized tooling costs,
$31,721; cash surrender value of $120,000 face amount of life insur-
i
2689.
p.
54,904
#69,505
partments), net, $214,656; claims arising under terminated war concompared t0 $6,502,901 at Jmy 31, 1944, a decrease of $64,257.
How
tracts, $754,288; inventories, at lower of most recent cost or replace- yever, during the year the entire amount of long-term indebtedness of
surplus,
162,
of
62,514
of
fixed
assets
and
special
facilities amounted to $127,090 and $28,9?7,
$94,749
67,318
1,061,802
27,347
credit.
$17,635 in
\
on
hand and
in banks,
$718,467; post-war refund of
55,287
625,540
share..
com.
408,658
loss
net
depreciation
emergency
receivable : (including
.accounts
social
capital
$1,492,464; earned surplus $637,645; total $5,382,044.—V.
T
for
income taxes.
ASSETS—Cash
-
J.l,U4yy>
$21*,uxo;
WACO
'>
;■
rip,
h
»
aivumc
applicable
less
sales,
$229,430
2,109
share)__„_____
per
1
profit
per
taxes
NOTE—Operations
subsidiary, have
72,899
v
1944______
1945__:—V_—'
31,
Aug.
respectively.
#o,3<$2,u44.
roll
(27c
$893,005
$1,508,573
23,173
t!Cr842,5Y9
deducts.
Its
>1,026,304
V $1,213,304
stock
common
NOTE—Provisions
patents
uav
on
$1,465,408
43,165
$202,091
70,093
.
—___
—
amortization of
„
ork
value
(par
1944
$1,299,904;
total,
'
other
profits tax
deducting income taxes of $29,000 applicable to items credited
earned
surplus, , (After $11,101 refund returned by customer on
to
a>4», mo;
$27,487;
1
1942
1943
$822,912
57,118
-
V-.'V,
taxes $177,-
etc.
1944
dividends
$473,554;.
income
$2,254,466),
1,
Lerchen & Co,; First
A. C. Allyn & Co.,
from sales after de¬
ducting portion of reconversion expenses charged to reserve in the
amount of
$27,000.
((Represents refund of prior years' income and
excess
profits taxes due to carry-back of loss and
unused excess
"After
employees" notes and
and equipment
(after
supplies,
Sept.
reneg.
Balance,
tax
#18,1.™,,
payable
s
Net
.$187,000
surplus,
and
1944
1945
•
Canadian
&
'"Earn,
550,000
—
earned
Weeks,
($843,471
income
and
Fed.
$520,000
taxes)—_~A;
Cash
receivao.e—traae
$50,000),
(including
Cash
ioi*
proms
.1941-1942
on
oiiicers'
ol
of
excess
taxes
adjustment for year ended Aug. 31,
dividends on preferred stock—
V'
accounts
A
...
income
Total
(Net
deducting
pf lTLiT'fv'
2«7mu-L!?0i income taxes
?i
f' Pulsion for Tedeial
Iaxm
^
(After
1945
accounts
postage,,
Federal lanE
locll taxes
iecurlttf
,y
and
re.und
amortization
Int.
$793,995
(net)—56,995
___________
miscellaneous
income
Watling,
are
&
($900,649
profit after depr.
Total Income
rate
prior
to
profits
excess
Net
#i.y7
-
Federal
for
syndicate
668,343
___
''
deposits
$1,303,908;
U.
S.
certificates of indebtedness
S.
ana
and
LIABILITIES—Accounts
#i.3b
applicable
year.
31,
$5,086;
reserve)
depreciation
ior
U,
Government,
charges—insurance,
reserve
...
notes
post-war
S.
:
1940
prior
demand
investments #1X4,000;
for
reserve
deferred
U.
in
AUG.
acceptances
doubtful
inventories
due
263,800
in
SHEET
hand
on
trade
for
reserve
$850,886
263,500
#1.14
Treasury notes—tax series $262,000;
(after
"Provision
for
§Afterdeducting $6'/6 excess provision
disposal of Kansas City property.
BALANCE
notes,
267,613
$913,315
$7,000
provision
excess
of $31,096.
ASSETS—Cash
Operating profit _____
paid ($54,484) and
Interest
$1,118,498
296,438
263,500
$1.03
'
1943
(Resulting from
$433/4^7;
$1,209,753
the
Hornblower
2993.
p.
(L. A.) Young Spring & Wire Corp. (& Subs.)—-Earns.
$2,024,495
1 562,157
^Administrative and general expenses—!..
Balance
in
S5.2C6
reiund
oaa,b$7
,.*■
$583,024
;
263,500
$4,300
(Less
post-war
.
out¬
par)
share
per
"Including
850,886
367,033
$637,645
stock
(no
of
Corp.;
162,
and
Quarters End. Oct. 31—
Oper.
_______.i—7,148,060
sold
profit ,1———
Coordinating, selling and engineering expenses
$518,861
$358,867
;
$1,213,557
203,500
surp.
surplus
com.
standing
years.
_u_'
members
Michigan
Inc.—V.
"On
$901,146
263,501
*
Dividends
Other
of
$9,172,555
'
—
Cost
47,235
.
acquire
1945
Gross
Previous
certain assets
Inc.; and to provide funds for organizing a subsidiary
the business and assets of the Service Products Co.
!
to
455,565
Sales
Service
owned by
the business formerly
purchasing
Industries,
1946, under Federal Reserve Regulation "V,"
indebtedness
Other
Fed¬
Federal
profits
1942
1943
3243
& FINANCIAL CHRONICLE
and has agreed,
and until
are to be
declared or paid on the company's capital stock
In excess of 35%
of the
company's net income accruing alter Aug. 31, 1944; that net
current
assets
Willi
not
be
permitted
to
decline
below
$400,000;
that expenditures for fixed assets will not exceed $100,000 in any one
fiscal
year
except for Items specifically approved by the banks.
The agreement further provides for assignment of payments under
such
of
the
cpmpany's war production contracts as the financing
Institutions may require.
As of Aug. 31, 1945, no such assignment
was
required by the financing institutions.
j.
31
$5,909,219
5,331,381
,
sales
oi
/,
March
among'other
FOR
1945
Net, Sales
CCOMMERCIAL
THE
accounts
payable,
$754,083;
provision
for
re¬
negotiation
for the years ended July 31,
1944, and Juiy 31, 1945,
$428,766; salaries and wages and amounts withheld therefrom, $433,750;
taxes, other than taxes on income, $138,887; miscellaneous accounts
payable and accrued expenses, $107,618; United States income taxes '
(after deducting
$1,532,700 United
States Treasury
savings notes).;
$1,180,451; Canadian income taxes, $58,865; reserves for compensation
.-win,surance„ $51,568; reserves for post-wax_
i
to
renegotiation* of war contracts for the year ended Aug. 31, 1944,
Electric output of this corporation for the week ended Dec. 15; 1945,
000; capital stock
.g58_shkres of no par value), $5^9J6jj^jgajcnfifL.
made provi8i©n:-fQr, the .refund "required -by- ,su«h •agrccmc«it;,",.'*"'fc<>tal4*d"*''f r»<M&,000--kw4r,-;
1, $14,802,230.
t'd ' tvitli""X3,uaj,uUtr'kWfi. T6r '"Tne~'''
STirprO'5, 7,'908,2
The >iinai sett)emenbM0f. I944rreqUirtd
gross
refund o,
#630,000
corresponding week last year; a decrease of 1.1
p.
;
,NOTES—The accounts of L, A. Young Industries of Canada, Ltd., .and
or
$300,000 more 'than, had> -been - prev-iouslY provided.
The latter
i Z with. rhop Sherman Tftrn—^aaItc in P„rr»hnc^ "Rnnrlc
its Canadian subsidiary have been consolidated as in previous years.
.amount, after credit-* ior app.-icabie-luxes;* resulted in a reduction of
Wlincroee bneiman torp.—beeks to Furcnase iionas—
and* has
•
2993.
162,|
-
-
$84,000 in
.
which amount was charged to earned
surplus.
After considering the basis of settlement for the 1944 rene¬
gotiation and .the operating results for 1945, no reserve has been
r.provided for 1945 renegotiation,-in that it is believed - by the manage¬
that
ment
>
the
1944 oiet
excessive-income
no
realized
was
from
such
The- company's
been
Federal income and excess profits
by the Biu*eau of Internal Revenue
examined
the;year, ended
Aug.
31,
1942,
and-no
matrial
The. final tax liabilities Tor^ tne
proposed.
The
profit,
years
operations,
to
and
George A. Barclay, Treasurer, on Dec. 10 announced that the porporation, at its office at 14 Wall St., New York City, N. Y., would until
the close of business on Dec. 26,
1945, receive bids for the sale to
it of first1 mortgage 3% income bonds due May
1, 1963 to an amount
.
—
iv
sufficient
have
returns
tax
in
tiie
accompanying statements to
Federal
.< relief
profits
excess
including
changes have been
ended Aug. 31,:. 1943,
filed for these wears. •;
•
*
The
*
...
-
'
.has
company
the
:
1
'•> #■•;••.*
arranges
an
up
Code
filed
tV'*'
>
v-loan
into
entered
for .a.'revolving -credit
providing
Revenue
-*
Y*> -W'-af :■
exhaust
vertible
•
($25 par)
agreement with three banks
$1,800,000,
effective until
;
v
to
"The proceeds from
acquisition of all the
at
flat
a
be made for accumulated
j
120%
price of
or
;
No
.
other
accrued interest
j!c
Y,
,
Y1-v..
:.
subsidiaries
preferred stock at $25
the
financing
capital
stock
will; be
of
Board
bank
25,
maintain
i
:'J'
property,
agreement
which
ginned from the
comparative statistics to
Kronor
:
1945.
On
and
securities
Swedish
other
bonds—
Gold
loans
and
exchapge adjustment accounts
placed at the disposal of the National Debt Office
Funds
Sundry
items
1—
——;
(Counting round
State—:"rv*'":
the
for
Inc.,
847,084,133: 46
26,168,480: 39
United
48,775,126: 64
Alabama
728,777,642: 39
—
983^478,259: 07
292^74,954:
i
66
as
half
net
current
assets
Prior to Dec; I
States
—
Notes
Circulating
4,214
.
—
2,566,671,029: 17
______
3,127,979:
drafts______——
cheque account;
92
Arizona
64,382
banks
Commercial
Other
depositors
879,776,631: 62
Deposits subject
to at- least
45
days' notice—
305,259,497: 27
loan
fund____—________
50 ,000,000:
'
Rensiort
fund
-
-
At disposal
Sundry.' items
—
20,000,000:
—:
funds
North
92,207
6,767,843: 18
.
.
' Total'
575,174:92
Tennessee
reserve
Gold
reserve
(market
4,214,549,524: 69
_
value)____—;
of
note
issue
"
1,993.265,473:44
2,343,265,473: 44
1,024,167,815:19
(Art.. 10 of
cover
the R ks^ank Acti___
___•.
Y—
Right of note issue (gold reserve plus the smaller of the two amounts
given above)
^
Notes in bireulation--—
^Unexercised
right'of
note issue————
—_——___
Clearing turnover during the month
Discount rate for three months' bills:
Direct
discount
Rediscount
rate
_i——
3 017.433,288:63
2,566,671.029:1*7
450,762,259:46
5,403,231,082: 72
_
—
rate
—
—
2% percent.
—2
and
that
payment, of
c.aslt
Delinquency in Nation
President
sage
of
1,736,688
271,749
'
78,831
;;
585,658
351,387
.
sent
Truman
mes¬
a
to the convention of the In¬
Association
Chiefa
of
Police, meeting at Miami Beach,
Fla.,
on
Dec. 11, in which he ex¬
pressed deep concern over the in¬
crease
in
juvenile
delinquency
throughout the nation, the Asso¬
ciated
Press
reported.
V.',;
"Americans cannot afford to
re¬
gard that problem passively or to
postpone the action
its
"I
solution,"
am
of
necessary
the
active
welfare,
all
and social
to
President saidthat
convinced
co-operation
ligious
the
re¬
agencies, civic
Texas *
>
677,662
leaders, business men and citizens
462,218
in
12,186
2,582,230
2,080,686
1,626,301
Virginia
>
484,995
.
:
■
22,444
v
'■
17,959'
132,737
the
percent.
counted
in
bales
of
the
crop
the crops
of
supply for the season
of 1944 and 1943.
of
of 1945 ginned prior to Aug. 1 which was
1944-45, compared with 48,182. and 107,053
\
i
; : V
/ *
•
.
.
a
broad national crime preven¬
tion program
of the
directed at the roots
evil is the path to be fol¬
lowed—and
delay."
without
Mr. Truman's message was read
,
——T—.————
plus Kr. 350.000 000:(Art. 9 of the Riksbank Act)___
Secondary note
696,444
,767,930
£79,929
301,785
♦Includes
L—___—
Right
Gold
^
r;
267,508,054: 36
_r^_————
-
467,342
■
$3,000,000
—
bales
■
620,428
240,380
'
.*;
69,590
366,788
10,456
356,724
79,083
_________
Carolina
1,869
1,710,568
—
Carolina
South
100,000,000:
Reserve
1,307,025
Mexico
$549,556.**
Truman Alarmed at
827,629
10,204
570,961
Oklahoma
50 ,000,0004
In.sta.ment
3,761
64,563,314: 25
banks and bankers—,
Due to foreign
New
of
14,111
('
r
2,896
.
359,713
Missouri
20 ,298,76
—
213,252
10,084
396
_____
:
1,041,274
768,766
—I—-—
Mississippi
162 ,918,178
:__—
v.
131,682
6,072
604,026
Illinois
69,338
1,187,855
191,459
Florida
Louisiana
696 ,559,684: 89
—.
57,813
678,538
Arkansas
Kentucky
Kronor
institutions
State
921,354
870,320 %
Georgia
bank
on
49,524: 69
Liabilities
circulation
in
Deposits
'
10,560,109
951,704
:
California..:
.
1943
10,272,672
"7,384,351
i
"
1944
1945
;
of
VT loahs, entered into
were* made,
was canceled
ternational
linters)
excluding
and
bales
.■■;*.} :
and equipment,
for
July 31, 1944.
On that basis earned surplus in the amount of
$646,717 at July 31, 1945,: was free from the aforestated restriction.—
V, 161, p. 2491.' * ;■
..
,...: •':: >: - -'
•••
BALES
RUNNING
21,707,978146
—
—
States
to
individ¬
bales of
growth of 1945 prior to Dec. 1, 1945, and
the corresponding date in 1944 and 1943.
219,939,017: 52
_
Instalment
United
in
that
1,045,943,932: 10
payable in Sweden, loans, and advances on current account.—
Foreign Government securities, bills payable abroad, and due from
foreign banks and bankers—,.
—
Subsidiary coins, cheques and other sight assets—..
ji
plant,
providing
no
(C
cotton
Bill6
stated
been
dividends will be limited to net income of the corporation subsequent
^
.
for
partly
used
Fabricators,
credit
under
The Census report issued on Dec.
compiled from the
ual returns of the ginners, shows as follows the number of
•
•
Swedish Government
have
in
borrowings
on
date the corporation entered into a new
agreement with a bank providing for a revolving Credit of $3,000,000.
The agreement provides, among other matters, that the corporation will
and
Sept,
share plus
a
principally
assets,
The
1944
Cotton Ginned from 1945 Crop
*
v-Assets
\
of $400,000
sum
accrued dividends from Dec. 1, 1945.v
;^,":3lst October, 1945
':Y:.
the
■ -.......
Statement of Certain Assets and Liabilities, Etc.
.
Ql'ly'.
be
to
.
:i|;|§p?;i>5Sveriges; Riksbank
.
or
the
on the basis of the official rate of exchange at July >31, 1945,
except that property, plant, and equipment have been included on The
basis of the
rate
of exchange
prevailing -when - such assets were
acquired...These ^subsidiaries* had current assets-of $1,260,256 and
current liabilities, of $176,150, or net current assets of $1,084,106 and
,
banking group headed by Paul H. Davis & Co. on Dec.
20 offered publicly 100,000 shares of 5% cumulative con-
may
Internal
of
dollars
;
Woodall Industries, Inc.-—Preferred Stock Offered—A
possible decrease in 1941-1945
result from application for
any
which
taxes
722- of
under. section
to
additional payment was to
-V. 158, p. 1286.
1944, and 1945 have not vet been determined. No effect has been given
„
accounts
-
The statistics in ihis report include 3,018 bales
;Of AmericanEgyptian for 1945, 4,673 for 1944, and 40,511 for 1943; also included
are 4 bales of Sea-island for 1945, 11 for 1944, and 269 for 1943.
The
ginning of round bales has been discontinued since 1941.
The statistics for 1945 in this
report
are
subject to revision when
against the individual returns of the ginners being trans¬
mitted by mail.
The revised total of cotton ginned this season prior
checked
to Nov.
14 is
6,426,865 bales.
by Frank J. Wilson,
chief of the
United States Secret Service,
immediately
crime
proposed
prevention
and
a
who
national
juvenile
delinquency council with the slo¬
gan,
"Keep the Good Boy Good
3242
THE COMMERCIAL & FINANCIAL
Federal Reserve October Business Indexes
The Board
Nov.
on
26
of
its
monthly
indexes
available
dexes
its
for
customary
of
summary
October, together with
follow;
year ago
industrial
of
At the
production,
business
comparison for
a
'
'
■
average
=
100
for
average
1935-39
factory
employment
for
100
=
average ==
100
construction
for
all
and
\
Without Seasonal
Total
1945
Oct.
Oct.
Oct.
232
*166
*174
248
*175
*181
250
*204
344
*193
*156
169
'160
134
143
*121
69
42
t
26
13
t
*171
*'172
*177 '
*192
*156
*139
t
__
Durable
Nondurable
__
Minerals..
'
173
136
"As
144
'■
ment
Construction contracts, value—
Total...
:
_
Residential
All other
t
•
104
t
-
Factory employment—
65
39
13
increase
Durable goods..,
122.2
163.3
*121.6
123.2
164.1
*136.4
139.9
220.8
*136.6
140.1
221.0
*108.6
_
108.3
118.0
*109.7
Nondurable goods
Total
'Preliminary.
118
J127
To
averages.
Indexes
durable
462.9
193.2
210.0
128
214
199
t
JCorrected.
tData
137
148
232
209
t
137
"
193
w
172
not
179
154
208
/
store
Indexes
sales
based
172
convert
durable manufactures, nondurable manufactures, and
to points
in total index,
shown in Federal Reserve Chart Book,
by .379, nondurable by .469, and minerals by .152.
on
institutions,
purchasing
seasonal
adjustment,
INDUSTRIAL
and
payrolls
daily
minerals
1945
Oct.
Sept.
Pig iron
Oct.
163
1945
Oct.
Sept,
*150
206
1944
163
Oct.
166
197
166'
225
159
171
139
154
187
296
492
302
296
492
f
t
1
*231
*237
428
*231,
*237
Transportation equipment
*279
*303
704
*279
*303
*136
*125
229
*136
*125
i 229
*176
233
70 q
*102
125
'Ktffierrousmeffils and
products
i+fvr
'itrs
Dumber and
products——,
-
Lumber.—.
Furniture
t
*96
89
*113
Cement—
*77
98
*113
*110
t
considered
*165
50
79
analysis
individuals'
the
in
attached
change-in
part
as
of
saving
table.
includes
97
88
individuals'
equity
saving.
individuals'
t
112
115
*117
*115
*174
*170
182
Gross
Abrasive & asbestos products.
*218
*229
292
*218
*229
292
(Liquid
-
144
146
128
138
215
199
.*
144
128
146
-138
140
215
215
;
199
'
t
142
150
t
*118
115
•'t
——
*140
140
215
—:
:
,
-
111
111
<
Tanning—
t
142
Cattle hide leathers
*
125
*117
109
119
■/
t
123
-121
97
88
t
95
in
INDIVIDUALS
IN
80
t
52
80
t
Shoes
134
149
117
t
'
.
131
t
*123
V? v;r t
*123
*143
149
*156
*165
118
*139
139
125
Meatpacking
*134
Other manufactured foods
Processed fruits &; vegetables.
*150
*144
*139
*108
167
160
111
106
93
111
106
93
216
206
142
225
220
148
Tobacco products.
Cigars
———
Cigarettes
Other tobacco products;.
Paper and products.—
Paperboard
141
154
....
*238
180
169
125
99
93
103
106
99
143
t
143
..158
157
165
158
79
81
81
79
81
103
*113
110
105
89
101
94
109
96
93
.: t
'
.
*201
266
t
*201
266
t
t
281
t
t
132
140
*129
132
140
151
167
t
151
167
t
119
—
t.
.
.
Lubricating oil
t
119
135
Kerosene—_
t
116
124
_—
' t
t
ir"5
124
152
170
t
,152
170
—;——.
t
150
164
t
150
164
—
*126
226
384
*126
226
384
*236
307
*239
*237
*237
239
*245
*237
Byproducts
3^5
*367
*367
231
*183
*178
*245
—
ubber.
•
*367
*183
-L-
Anthracite^
Iron
*121
—:
,
*178
.
309
139
148
*121
—
148
—
114
152
*120
114
*120
133
*120
114
*126
138
148
*126
138
148
104
111
t
or estimated.
J.,
t
t
•
121
123
281
259
consumers' goods
••7. Liquidation of debt, not
elsewhere classified
tGross
durable
rest
U
„
109
^
143
143
109
143
155
182
111
154
147
158
163
114
120
189
150
143
178
147
.
.
184
109
...—
125
133
115
135
140
$174
153
215
261
237
125
Miscellaneous.
needs
home
a
family and that he is com¬
peting in a rising, market in mak¬
ing such
loan
a
his
purchase. By securing
a
on
veteran
reasonable
a
could
value the
make better
guaranty
in
of
use
meeting
current
...
■
+ 10.8
8.6
-
-
.6
purchases
to
one-
—
"+
71
+
.
—
+
.2^—'
_•
+
+
.3
Press
include
Based
all
new
on
+
.3
,
+
pres¬
+
2.9
+
Navy
w
.
.1
—
for
Air
1.0
.3
-r
;
.
+ 72
•;i t+ -.2
+
+ 1.8
.2
0
and
dealers
■
.4
i
not
'
effort;
+ 1.9
wi'
+
Does
.2
■■►
Air
,1
—
•■■
•','
/
7"^
homes
'
less
other
the
v
was
your
air
sold
in
the
United
States,
figures shown
,
The
data
not
necessarily
add
to
war
of
the
small
tremendously
Navy
to
corps
powerful
unit
/'
was
the duty to oversee
the procurement of planes and to
•
supervise the training of
nel to
totals.-
.•/•
:
rection
a
from
Because of the nature of the figures, current
necessarily estimates and therefore, are subject to revision.
major
and in
that
was
the
naval
role
submarine
sources.
person¬
fly and service such planes.
it
Thus
••
foregoing data have been compiled by the Commission
different
are
will
your
the
responsibility to
arm
relatively
a
"Yours
The
for
of
:
,
Depart¬
Navy
contribution to
the
war.
acquisition
the
which it became at the end of the
other individuals
net
it
from
.
and
3
As Assistant Secretary for
bring
include
and
for
fellow-citizens
splendid
>-7v;+v
+ 2.0
+ 1.7
+—
by
or
4
nonfarjm
revised Department of Commerce data.
rounded
July
"You have earned the thanks of
your
.1" + ■ vi
,
are
last
Under-Secretary.
ment, saying in part:
+-12";"+ 72++ «.1 <<+■> .2
o
—
-5
—
*'Largely attributable to purchases of automobiles and other durable consumers'
although including some debt arising from purchases of consumption
goods.
The other "segments of individuals' debt have
been allocated to the assets to which
they pertain, viz., saving in savings and loan associations, Insurance, securities
and
Note—'Figures
until
accepting the .resignation, Pres¬
Mr.- Gates
„
.3
goods,
homes.
served from
ident Truman praised the work of
»+ 1.0: +-4;6
■ v
'
•'
'X.
+•' .2
v
In
A'*+1.5' ~v;r!:.+ l.j
.0l4^'v
O1'"+
6.6+ ;,7.2 ' + 1.8
brokers
by
four-family
cars
York
Assistant Secretary of the
as
when he became
■
3.5¥T.2
•
.8 '
•
o
1:3 ,+ :'-.3
•
passenger
effec¬
Washington advices.
'
HPurchases.
become
31, according to Asso¬
Company; Mr. Gates
0
.3
—
+15.0
v
1.0
+
.1
'72"—r+
+13.8
7.6
properties by non-individuals.
above
Gates
of /the Navy;
Trust
1941
*>
«.
+1.2
/ 0
?
■
of
on
idency-'.of;'the-New
fj
"4/2.8
-(J''
Artemusk L.
resignation- to
ciated
.
net
construction
lO.&
of
Under-Secretary
Dec.
made
was
White House of the
Going to the Navy from the
,'+) ".3
' r.
goods.
include
not
resignation
as
the
+ 5,0
•
-
Announcement
Dec. 10 by the
1945.
+:,.2..;+rf.3 .+ ..2
.2
in
-
ABA Gl Committee Recomrfiends Amendments
126
143
136
136
156
69
66
66
72
69
69
JCorrected.
<*■
•Note—To convert coal and miscellaneous
indexes
In the Federal Reserve
Chart Book, multiply coal
Committee
to points in total
index, shown
by .213 and miscellaneous by .548.
•,
adoption
of
Senate
Service
on
a
under
air
in
menace
di¬
your
arm
played
combating
the
in the Atlantic
driving to ultimate victory
for
War
is
of
Vice
1944, which
Readjustment Act
Veterans
of
the
American
meeting in Chicago Dec. 8 urged immediate
amendments
President
Title and
Trust
are
now
of the Chicago
Company of Chi¬
porate all of the recommendations
made by the American Bankers
111. Mr. Davis said:
Association
for
changes
which
The Senate amendments incor- 1. will make the GI Bill more work¬
cago,
the Pacific.
"I
am
your
glad of the
formal
lessen
to the Servicemen's Readjustment
pending before Congress, according to
Chester R. Davis, Chairman of the A. B. A.
committee, which closed
its meeting that day in an executive session to consider
reports from
its three subcommittees.
Jdr. Davis <?>
Act
*
Gates Resigns Navy Post
tive
7+.j&.2<>+5.4
3.3
+
saving excluding purchases of; homes as well as of automobiles
Bankers Association at
144
_
the veteran
for his
following
12.1
+2.6
+,3,6
To Service Men's
146
123
products
Merchandise, i.c.l
.5
—
2.7
+
financed by bank loans.
§New
10.4
unincorporated business saving of the types specified.
government saving., :
* v';,;
consumers'
tDoes
The
113
vestock.
.9"
+11.1 ;:+11.8
1.5
CARLOADINGS
158
rain_
realize
+7'v-/
8.7
1+ 16'.9r-+
.6 v+
•
"
.«•
(1935-39 average= 100)
OreL_
40.6
•-
3.0
+'1.9
+
_____.
dwellings:
tData not yet available.
FREIGHT
...
other:—
+
c. Saving
(a. minus b.)_i + 2.1
16. Automobiles & other durable
'»
•
oke_,
National
the
133
———-——.
oal—
2.8'
,i
corporate or
of
152
114
——
^Preliminary
139
*110
—
ore.
+
1.6
many
Crude petroleum
etals
+
+
•Includes
"
rt-;,..
bonds4__;
Purchases
Minerals—
.els'—.—
Bituminous coal—
3.8
+
231
*235
.
.
Industrial chemicals
of
.
.
.9
395
'
Beehive——.—
Chemicals
Rayon
.
President
.
239
*367
"
-■
,
<
•
Vice
+ 2.5 + 3.1 ' + 3.4 + .8 +
„.7,. +,1;0 +; .9 v+t1.0
%'•'2.4;';+: 7.8J',+v:4.7;:-:'+'l.;l.'+,I.3'/+'l.5
'+-4.9 "+ C.9'.. + 8.1 ,4-1.9
+2:o f+ 2.32.2,- +2.5
3.0
135
—
-.3
-
\..'+
281
*129
—_
Gasoline
Fuel oil
+
Change in debtii__;'_i_. +
6. Non-farm
93
*111
Newsprint consumption
37.8
+10.1
81
Newsprint production
45.4
29.5
•
2.9
143
165
property
Bank
of
Commerce,
Houston,
Texas, who is Chairman of this
subcommittee, said that bankers
-1945—
1944 Apr.- July-Oct.- Jan.Apr.:
:
June
Sept: cDec. -March June
48.5 * 10.8 >12.5? .14.3
.10,4 <727
1943
38.7
.•■
+
•
143
+
;
savings
—
§a.
173
_______.
U. Corporate and
e. Total
b.
157
Petroleum and coal products.—
Petroleum refining
!
156
*180
1942
'
v.
Other U. S. Government +//'.8
c. State and local govs.___—f
.2
167
120
:
'.4
+
b.
134
t
Printing and publishing—,
S.
4
*174
96
.
Total
*138
139
■
10.4
___.
*167
;
150
24.3
V
__________
t4. Securities:
159
127
"rea¬
a
on
the
of
"reasonable normal
a
.
by type:
Private insurance
+ 2.1
Government insurance. +'-l,8
c.
117
*146
—
value"
than
value," for which regulations now
provide. B. Magruder Wingfield,
UNITED-STATES*
*
'
,149
*131
Wheat flour
Government
THE
Currency and bank deposits +..4.9.1 +.1M-:* J5-3
90
52
saving
Savings & loan associations
Insurance&pension reserves
3.
112
t
Sheep and lamb leathers
Coke
1.
2.
115
t
,
t
Calf and kip leathers
Goat and kid leathers—
Manufactured food products
raiher
,
1940-1945 (Billions of dollars)
______
Gross saving
150
f
-
real estate be based
on
sonable
V-
BY
.
1941
saving
a.
Leather products
banking service sub¬
committee, that loans to veterans
saving of
saving aTe not
Government' insurance is, however,
and
122
179
•
.
102
*111
*166
SAVING
•
.
*111
*140
recommenda¬
a
by its
unincorporated .business
Corporate
64
GROSS
-
V
program
..
| -+■ ^ "T,b<> above •discussion, is baeed on-data preserited-in-4he
*170
-
Wool textiles.
;
quarter
167
64
is mot.
Gypsum and plaster products.
Rayon deliveries
tion
not reflect the change in inventories of
unincorprated business (net
change in notes and accounts .payable).- Although the amount of this
change
krLawn_.it is believed tq have been negligible in the second
the
Clay products—___—
Textiles and products____-._—
Cotton consumption—
•:■;:■■
the
Incorporated in the report of the
2 This. does
of
143
*163
this
specified
included.
The
117
143
161
79
Plate glass—
*89
704
109
'
*160
50
120
.
*110
*156
_.
■tone, clay and glass products-
-
1 In
types
428
.
^152 '
*86
*73
____
.'
■
.
in
conditions.
225
187
;
Machinery.
Automobiles—
•'
Section
committee will be
k
'
Associations
Bankers
sociation
197
171
302
:
demand.
consumer
State
adopted at Chicago.
an
206
154
t
159
r*—
''Electric
1945
139
•
Steel__-.__—
Open hearth
1944
In contrast, individuals from
year.
of
the
com¬
Louis, Mo., on
St.
meeting of the A.B.A. State As¬
a
owners
of unincorporated
businesses, such as tradesmen, farmers,
professionals, etc. Such saving does not have the same implications
as saving by other
individuals, particularly with respect to post-war
Adjustment
1945
*150
—
compiled
Without Seasonal
Variation
of
"Because of its magnitude, wartime
saving continues to receive
considerable emphasis in discussions of the
post-war economy, par¬
ticularly with reference to the effect of such saving on
consumption
and investment in the post-war
period. It may, therefore, be well to
note again that the full
significance of wartime saving from this point
of view depends
upon its distribution among different
groups in the
population. Satisfactory data of this type are not
yet available. How¬
ever, it is known, as previously stated in these
releases, that a sub¬
stantial proportion of individuals'
wartime saving is attributable to
100)
=
Adjusted for Seasonal
Iron and steel____
<
the
,
multiply
PRODUCTION
(1935-39 average
Manufactures—
index
of
in
met
Dec. 11 to discuss with Secretaries
increase in individuals' borrowings for the
purpose of
or carrying corporate
securities, and the retirement of-, a
Federal Land Bank issue.
•
>
>
•
\
'
v,
V, v %
Construction contract Indexes based on 3-month moving
averages, centered at second
toonth, of F. W. Dodge data for 37 Eastern States.
To
convert
Indexes to value
figures, shown In the Federal Reserve Chart Book, multiply total
by $410,269,000, resi¬
dential by $164,137,000, and all other
by $226,132,000.
Employment index, without
by Bureau of Labor Statistics.
mittee
and
saving in securities other than U. S. Government is of
particular in¬
terest.
This reflected a shift of
corporate bonds from individuals to
yet available.
Note—Production, carloading, and department
»
215.7
238.7
3
Freight carloadings
Department store sales, valueDepartment store stocks, value.
v
335.1
t
t
t
'
-'
cash
April through June increased their time and savings
deposits by $2.1
billion and their
currency by $1.0 billion.
"Of the remaining
components of individuals' saving in the sec¬
ond quarter of 1945,
only the $500 million reduction in individuals'
Factory payrolls—
Durable goods—.
Nondurable goods,
individuals'
in the first three months
119.2
109.9
in
will own
the'Presi¬
later."
you
Representatives
deposits over the second quarter
was almost
entirely accounted for by a $300 million decline in de¬
mand deposits, compared with a substantial
increase in such deposits
61
105
t
*120.9
Total_____
treats
while additions to
26
He
customer.
will be the
President of your country. He has
a
lot to say now and will have
more
to
say later. You will
be
living with him from now on. The
way you treat him now will have
much
influence on the
way
he
Drive, saving in Govern¬
substantially higher than in the preceding quarter,
cash and deposits were not'as
high. The smaller
was
70
:.
biggest
bank. He may be
dent of your bank. He
result of the Seventh War Loan
a
bonds
ordinary human being. He
generation. He will be your
an
a
your
mostly life insurance; and $300 million to their investment in
savings
and loan associations.
At the same time
they reduced their saving in
securities other than U. S. Government
by $500 million.
346
*205
*162
.
is
ernment
234
Manufactures—
Total
"'The veteran of World War II is
not
billion to their cash and
deposits; $1.5 billion to .their equity in Gov¬
insurance; $1.0 billion to their equity in private insurance,
1944
Sept.
1945
1944
*164
__
Adjustment
1945
ministration.
..
series
Sept.
the
A.B.A., veterans or¬
ganizations, and the Veterans Ad¬
tween
increase in income after taxes. .The Commission added:
.
^ •
"A $5.1 billion increase in U. S.
Government ■ securities consti¬
tuted the largest component of individuals'
saving in the second quar¬
ter of 1945.
During these three months individuals also added $2.8
contracts;
other
Variation
1945
Oct.
,
payrolls;
Adjusted for Seasonal
Industrial production—
Individuals continued to save at a high rate in the second
quarter
1945, according to the quarterly analysis of saving by individuals 1
the United States made public Oct. 9
by the Securities and Ex¬
change Commission. Total liquid saving during this quarter amounted
to $10.0 billion,2 said the
Commission, which rate of saving it noted
was considerably higher than in the
previous quarter, reflecting an
in
a
made alter
were
year's experience by banks with
present bill, and after con¬
ferences and close cooperation be¬
a
the
of
in¬
;
.
1923-25
The
month and
a
,
BUSINESS INDEXES
1939
factory
conditions.
able and.cut down,red tape. These
'recommertdatioris
-
time, the Board made
same
Monday, December 31, 1945
Liquid Savings in Second Quarter of ^
^
h
1945, April-June At High Rate
Governors of the Federal Reserve System issued
employment and payrolls, etc.
CHRONICLE
to time
will
am
not
sure
that from time
shall call upon you for
we
the counsel which you can
out of your
Possible
that
interest in the Navy
your
because I
assurance
departure
give
us
rich experience."
successors
mentioned*
according to the Associated Press,
are
John
sistant
L.
Sullivan,
now
As¬
Secretary for Air, and Ed
Pauley, United States member of
the Reparations Commission.
-
,
X
Volume
162
THE COMMERCIAL & FINANCIAL
Number 4451
State and
CHRONICLE
3243
City Department
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
Barbour County
(P.
tic," Eldridge said, "we have the
available and several lo¬
>
O.
money
Clayton),
to establish one and
Warrants, Sold — An issue of
$150,000 lb>% State gasoline tax
chased
warrants
was
recently by T, U.
pur¬
An
-—
issue
terminal
a
berth
the
at
Sheds
explained.
of
cost
of
$2,100,000.
^
The
problem of providing space
fishing fleet, including 100
tuna clippers and 150 smaller ves¬
sels, has $400,000 set aside t<? meet
prompt action with its solution.
Other millions will be spent for
new terminals as fast as the
•
other
Perry County (P. O. Marion), Ala.
nee l
for them arises, he further
declared, and pointed out that the
space at the harbor is available
for these,
>•
Warrants Sold—T. U. Crumpton & Co., and Hendrix &
Mayes,
both of
re¬
cently bought
an issue of $200,000
State gasoline tax anticipa¬
Los
Angeles County, Burbank Sch.
Dist. (P. O. Los Angeles), Calif.
tion warrants. Dated Nov.
1, 1945
and due serially from 1947 to 1952
Bond
;
Election—At
an
election
on
Alaska
:
Feb. 5 the voters will consider
an
ALASKA
c;:;,.;-
issue of
Bill
Local
committee,
Associated
according
Washington
Press
ports, has approved
to
election in
delegate ofAlaska, to
authorize municipalities and pub¬
lic utility districts of the
territory
bonds upon
revenue
be issued.
ma¬
Bond
to
Fresno
exceed
bonds,
a.m. on
of
as
Jan. 8 for the
$80,000,
not U to
.
interest 4
6%
•
building
follows:
.
..:V
$50,000 Parlier Union High School
District
from
bonds.
1947
Due
bonds.
to
Due
1956
from
School
1961
District
$2,000 from. 1947
inclusive, and
1957 to
$1,000
1966 inclusive.
Each issue is dated Jan. 1, 1946.
Denomination-' $1,000.
Principal
and interest (J-J)' payable at the
County Treasury.
be given
tion
days in which
his
own
check
for
with
mature
65,000
vious
required,
reference
to
the '
incorrectly carried under the
caption of Los Angeles County,
Calif., in v. 162, p. 2994.)
was
'
Los
,
Port
-
CONNECTICUT
a
Planned—With
fund-of
reserve
$12,000,000, of
$9,000,000 have been ear¬
which
marked
for
construction
New
Bond
Britain, Conn.
Offering—W.
•
H.
Judd,
President of Board of Finance and
Taxation, will receive sealed bids
until
11:30
a.m.
Jan. 3 for the
on
purchase of $100,000 sewer fund,
19th
series,
first
issue
coupon
Angeles, Calif.
Expansion
follows:
airport
(Pre¬
offering
as
improvement
bonds. Due Oct. 1, as follows:
$3,000 in 1947, $6,000 in 1948,
and $7,000 in 1949 to 1956.
payable to order of the Board of
is
connec¬
$35,000 street improvement bonds.
Due Oct. 1, as follows: $1,000
*;
in 1947, $3,000 in 1948 and
1949, and $5,000 in 1950 to
1956.
:
legality of the bonds,
expense.
A certified
$1,000 for each issue,
Supervisors,
Details—In
the sale of the $35,000
bonds, as PAs, at a price
of par, to Boettcher & Co., of Den¬
ver—v.
162, p. 1682—Herbert D.
Fritz,
City
Manager,
has
an¬
to determine
at
of
-new
Dated'
bonds.
nomination
Jan.
from
1
sive.
' Jan.
1946. De¬
$1,000. Due $10,000 on
1948
Bidder to
interest in
facilities,
including
a
Foreign
Trade Zone, Arthur Eldridge, gen¬
eral manager of the Los
Angeles
Harbor
Bank
1,
1957
to
name
one
inclu¬
rate of
tenth of 1%.
Department, painted
a
bright picture of progressive post¬
development for the Los An¬
geles Harbor.
r'
war
,
Mr.
* Eldridge declared that the
Los
Angeles Harbor Department
has
been, successful
in
retaining
ownership arid control of its
erties
during.* the
the effort
war
proceedings.
"Whije there
a
harbor
are many
enthusi¬
Foreign Trade Zone in
and
Boston,
others
or
are
-
payable
the
at
Britain National Bank.
pessimis¬
Stuart
Van
J.
Florida
be
bidder.
furnished
the
the
successful
National
on
of
Bids—The
revenue
Dec.
v
1.50%
:
;
100.84
'
\
Gainesville,..; jointly1.50%
King,
Moll r & Co
1.50%
Florida
.
(State of)
Supreme'^ Court
thority
of
New
•
.
$400,000 elec¬
certificates
awarded
a
and. Associates,
price of 100.011,
a
as
basis
three
he
will
tion
Upholds
Au¬
Governor
of
a
Authority of the Florida State Im¬
provement'Commission to proceed
checks
the
bonds,
prohibited by the State
to the commission.
the com¬
mission to finance public projects
by issuing revenue certificates to
be redeemed by earnings of selfliquidating undertakings.
In
its
opinion, the State Su¬
preme Court cited a provision that
the
certificates
indebtedness
of
"shall be solely and only the obli¬
commission
shall be secured only by such
gations :of
the
and
rev¬
enues as shall be pledged as secu¬
rity for payment thereof."
:
!
"it would hardly be possible to
express non-liability of the State
more conclusively," it declared,
r: The
opinion further said "the
act reveals nothing that savors of
an attempt" to delegate legislative
or judicial power to the
commis¬
sion "except the power to pre¬
scribe -reasonable regulations' for
use, rental and occupancy of the
buildings and facilities" provided
by the board. "Authority to make rules and
rgulations to effectuate a legisla¬
tive power is too well recognized
to
admit
of
discussion and
is not
an
impairment of the doctrine of
non-delegation1 of Dowers."
Lake
Worth, Fla.
1,
said
that
safeguards
Funds
(State
Available
to
of)
Retire
Issuance
Debt—The Associated
Press, in a
dispatch from
Atlanta
bearing
date of Dec. 16, reported as fol¬
day the stat.e is out of debt.
The
formality actually hasn't
been gone through with yet, but
he said the state has
money
cai'G
in
the
enough cash
treasury
of every obligation.
to
take
bonds
Bond
Co., of Des
of
100.364,
a
$1,000.
$1,000 on'*
due
are
Election
election
'V
%
Proposed
scheduled
is
to
An
—
be
'
held
late
in January on the question
issuing $45,000 city hall and
community building bonds.
of
Spencer, Iowa
;
until
i
marcry i
———^ZZ
Cook County
u
_
ScKTDist. No. JJp
(P. O. Argo), III.
Bonds Publicly Offered—An is¬
of
$341,000 2%%
site and
building bonds is being offered
for sale by Doyle, O'Connor
&
Co., of Chicago.
Dated Dec. 1,
sue
These
1945.
bonds
due
are
on
Dec. 1, as follows: $5,000 in 1946,
$10,000 in 1947 and 1948, $15,000
in 1949 to 1952, $20,000 in 1953 to
1956, and $22,000 in'1957 to 1964.
Legality approved by Chapman
& Cutler, of Chicago.
' ;
:
-
bonds
The
offered
at
0.75%
2.15%, according to maturity.
to
prices
were
yield
to
from
stated
by M. M. Moulton, City
Clerk, that elections will be held *
follows
as
issue
of
;
.
An
—
$75,000 2%
public sewer
improvement bonds has been ap¬
proved as to legality by Charles
&
Trauernfcht
of
St.
Louis.
The
bonds will be dated Dec. 1,
Roxana Sch. Dist. No.
.
Sale—The
Bond
bonds
struction
20—v.
Dec.
on
awarded
the
to
103, III.
$190,000
offered
162,
1945.
p.
con¬
sale
for
3125—were
Municipal
Bond
Corp., of Alton, as 1.30s.
Dated
15, 1945.
These bonds were
Dec.
for
was
election
held
The next highest bid¬
Nov. 17.
der
the
at
the R.
S. Dickson & Co.,
$110,000 l%s, and $80,000 iy2s.
On
Jan.
7
construction
On
Offering—Morris
Clerk-Treasurer,
sealed
bids
until
Blout,
will
3
re¬
on
p.m.
1,
$500.
Due
$500 on July 1. 1946; $500 Jan. 1
and July 1 from 1947 to 1953 in¬
clusive, and $500 Jan. 1,-1954.
Principal and interest (J-J) pay¬
fice.
Dated Jan.
Denomination
at
the
Clerk-Treasurer's of¬
Delivery
and
payment
for
the bonds to be made at the Cen¬
tral
National
Attica,
on
hours of 9
Bank
&
Trust
Co.>
Jan. 18, 1946, between
a.m.
bonds.
29—$60,000
Building bonds.
Bond
Election Date
Memorial
Changed—-
The date of election to submit to,.,
the voters the hospital construc¬
tion bonds
has
been
amounting to $100,00(1
changed from Jan. 7 to
Jan- 9-
r
KENTUCKY
•i
~
"
J
Offered —J.
J.
~
Bonds
—
received
a.m.
on
bids
sealed
Dec.
C.
and
White,
until
29 for the
of $40,000
road
funding
bonds,
2%% interest.
10:30
purchase*.*.
bridge
not
re-?
exceeding,
3
Dated Oct. 1, 1945.
Denomlna-*
tion $1,000.
Due April 1, as foL»*<
lows: $5,000 in 1947 and 1948, and.
$6,000 in 1949 to 1953. Bonds ma4
turing in 1952 and T953, shall be ^
callable at par, plus accrued in-*
terest
on
any
interest payment
date on or after April
1, 1951.
Rate of interest to be in multiples
of xk of 1%.
The bonds will nof
sold
bonds
the
on
than
less
to
sold
be
103.
Said, ^
subject
to
principal of and the interest
Federal
or
for
are
said bonds not being subject to
or
Kentucky ad valorem "
income taxation
their
delivery
on
the
to
the date of
successful
purchaser and to final approving r<
opinion of Woodward, Dawson,
Habson & Fulton, of Louisville, v
being given as to the legality of
said bonds.
The City will furnish
said
printed
and
opinion
r
bond
forms.
?'
Harlan County (P.
Additional
Bankers
O. Harlan), Ky.
Sale Details
Bond
Co.,
The
Stein
—
and
both of Louisville,
Woody & Heimerdin-"1
Bros. & Boyce,
of Cincinnati, were associated
with F. L. Dupree & Co., of Harlan, in the purchase of the $150,000 2%% school building revenue
refunding bonds, report of which
appeared in v. 162, p. 312,5.
Kentucky (State of)
interest refund¬
ing bonds of 1946.
able
„
hospital
j
' "
purchase of $8,000
not to exceed 4%
1946.
aggregating
$100,000
ger,
Attica, Ind.
Bond
—
Jan.
also Walter,
INDIANA
bonds
on
$160,000:
be
Monsanto, III.
Legality Approved
Bond
'
"
Bond Elections Scheduled—It i»
Court
Awaits
which
calls', for the sale of $6,000,000
bonds annually starting in 1946,
has already been upheld by the
lower courts.
This was a prelude
to a ruling by the State's highest
court, which will reconvene next
January, and the prospect is that
final ruling will not be avail-
Jan. 11 for the
A11
price
a
Madrid, Iowa
and
ceive
Georgia
Beh
D.
Denomination
1945.
last
City
GEORGIA
at
adop¬
The validity of the measure,
on
Agent — The Manufac¬
turers Trust Co., New York City,
has been appointed principal and
interest paying agent for $85p,000
water and light revenue certifi¬
cates, dated Nov. 1, 1945.
l%s,
These
condition.
authorized
paying
$7,000
basis of about 1.686%. Dated Oct.
$24,000,000 bonds approved by the
voters at an election on June 4,
1945, must await a decision of the
State Supreme Court as to the
legality of the bond authorization.
operating the building program.
Mr. Watson alleged that the act
is
Details—The
Carleton
as
Chicago Park Dist., III.
development and acting
clearing agent for acquisition
surplus properties along with
which
Sale
Moines—v. 162, p. 1562—were sold
finances, should assure
in a good fi¬
on
Bond
of
authorized issuance of State
improvement
fire station and city hall purchase,
bonds awarded last September to
Test—Issuance of any part of the
aviation
of
to
.
lenged constitutionality of the law
by which the 1945 Legislature set
up the agency with multiple du¬
as
$922,000
ILLINOIS
The Attorney-General had chal¬
co-ordination
11
Logan, Iowa
Bond
Georgia remaining
nancial
ing: and supervising construction
of
public projects was upheld,
Nov. 30, by the State Supreme
include
of
bonds.
with its broad program of financ¬
that
election
an
March
next
by
of
Board
have the voters pass on the issu¬
became
constitution
new
with its
August,
Commission—*
held
stated
the
Directors that
be
ance
ago
years
of
is
Nov. 1, from 1947 to 1955.
The
t
Ellis
17 to John Nuveen & Co.,
Chicago,
1.20s, at
i
Thirty-seven-year-old Governor
Arnall, who brought repeal
of the poll tax and
18-year-old
voting to Georgia, announced to¬
\
Gainesville, Fla.
tric
.
when
100.03
101.11
,<
^
that
Election—It
Secretary
School
zero."
1.50%
Bank,
the
of expan¬
100.12
100.11
Atlantic" National
First
been
the
gross debt of the state was $35,961,630, and the overall net obli¬
gations $25,795,415.
"Today the state of Georgia is
ready to pay off all indebtedness,
current and future maturing. The
state's
net
obligations stand at
1.40%
-
said
Governor
.
Corp.,;
Bank,
Jacksonville, ' and
-
Bond
of state services, except for
suspension of road-building dur¬
ing the war.
He
v
Co.—
&
time
a
(P. O.
Clinton), Iowa
All
sion
jointly :.:___ 1.___
Stranahan,f Harris &
Co., Inc., and ,.l »
Ogden & .Co., jointly
plished during
v
,
Corp.,
Equitable' Securities
the capitol.
a
100.15
lows:
"
FLORIDA
'"T Other
and
-
Clinton Indep. Sch. Dist.
Arnall declared that ridding the
of
debt had
been
accom¬
Bank,
and
IOWA
said
bond burn¬
a
state
Co.,
The bonds
legal opinion; of
dike, Palmer:: & Dodge of Boston
will
&
National
Jacksonville,
Clyde. C.. Pierce
Marx
100.005
1.40:
New
unlimited, ad
approving
Storey, Thorn-
and
Co.;
&
Ingon
jointly
from
valorem taxes
of governmental. agen¬
condemnation
astic, for
of
prop¬
ownership through
the
multiple of 44 or onePrincipal and inter¬
est payable at the First National
a
in; spite"of
cies to acquire
B.
100.03
Bank,
The statute empowers
street
sues
1.30%
Governor
to hold
outstanding bonds, having
paid in full, will be burned.
and
Jacksonville
Halsey,
100.106
of the fiscal year—
next—the
ceremony at
oie
Grand Junction, Colo.
Sale
1.30%
1.30% *
Co.,
Na tional
powers
Bond
'■
deLagale.legislal-uxe.__aj^d-ji>>fii rial
COLORADO;
Purchaser will
to 10
up
an
purchased an issue of $65,000 air¬
port improvement bonds as iy2S,
at a price of 101.528.
The two is¬
$4,000 from 1957 to
inclusive. :>.,%!*
Easterby
will
voters
nounced that the bond house also
and
30,000
election
an
17
inclusive,
1956
to
Jan.
on
$3,000
•
Bamett
ties
-u
Election—At
O.
(P.
Dusenberry,
County Clerk, will'receive sealed
purchase
an
School District bonds.
Offering—E.
bids until 10
for
at
issue of $750,000 Redlands High School District bonds
and $250,000 Redlands Elementary
^
County Sch. Diets.
Fresno), Calif.
Bond
voters
April.
held
be
pass on
CALIf ORNIA
4.^..
submitted
the
Bernadino County Sch. Dists.
"(P. O. San Bernadino), Calif.
,
can
be
San
jority vote of the qualified voters.
The present law requires permis¬
sion
of
Congress
before
such
bonds
to
consideration of
Bartlett,
to issue
scheduled
is
re¬
-iv'
•
30
he planned
ing
■
proposal to
issue $300,000 Civic Center bonds
bill by Mr.
a
Price Bid
!
Co.,
;
Harris, Hall & Co., jointly
Election—A
Bond
&
June
Court, which rejected all of State
Attorney-General Tom Watson's
objections. : V. ,4>4t''4
•
Monterey Park, Calif.
Revenue
Authority—The House ter¬
ritories
con¬
(Territory of)
Broadens
;Bond
$3,500,000 school
;4
struction bonds.
*
and..-.
Milwaukee
,
for the
Sutherland
Pox, Retisch & Co., jointly
har¬
modern facilities construct¬
more
Oct. 1, 1945 and due serially from
1947 to 1955 inclusive.
; *
•
building
ed in their places at an estimated
chased recently by T. U. Crumpton & Co. of
Birmingham.
Dated
inclusive.
Ryan,
■
been
Rate
At the end
3124—
p.
Goldman, Bachs & Co.,
153 and 154 will be torn down and
>
1%%
for
Eldridge
bor,
$150,000 2Yz% State gasoline tax
anticipation warrants was pur¬
Birmingham, jointly,
aside
has
dollars
ican-Hawaiian
Coosa County (P. O.
Rockford),
Alabama
1
Sold
million
between Berth 181 and the Amer¬
ton
•
One
set
Crump-
& Co. of
Birmingham.
Dated
Dec. 1, 1945 and due
serially from
1949 to 1955 inclusive.
Warrants
Bidder
trial when conditions permit."
,
anticipation
give it a fair
162,
also received the following bids:
cations in mind for it, and expect
Alabama
(
of about 1.198%—v.
and
3
p.
m.
Le-
| gality approved by Ross, McCord,
1 Ice & Miller of Indianapolis.
Condemnation
of
Property
_.i4t
tucky Court of Appeals ruled x>n
21 that acquisition of park¬
Dec.
ing space for automobiles is a
legitimate municipal enterprise.
The court affirmed a Scott Cir-
j
George- ;
legally could condemn and ]
purchase land for parking pur nii
poses.
John Miller and United
Corporation, Inc., had contested
the city's right to proceed in the
purchase.
cuit
town
Court's
ruling
that
i
j
for
Parking Space Upheld—The Ken¬
THE COMMERCIAL & FINANCIAL CHRONICLE
3244
Trust
LOUISIANA
13
uled
not
with
for
the
Jan.
6%
of
are
Railroad
of the $335,000
3,
exceed
to
City,
York
Orleans.
The
payable out of the
net revenue of the Public Belt
sched¬
offering
New
Bank
bonds
(P. O. Benton), La.
Bond Offering Details—In con¬
nection
New
Co.,
and at the National American
.
Bossier Parish Sch. Dist. No.
to. pay either
revenues
school bonds—v. 162, p. 2691—it is
stated that the bonds mature
*
.
a?'follows: $13,000 in 1947 to .1949,
$14,000 in 1950 to 1952, $15,000 in
1953 to 1955, $16,000 in 1956 to
1958, $17,000 in 1959, $18,000 in
1960, $19,000 in 1961, $20,000 in
1962, $21,000 in 1963 and 1964.
$22,000 in 1965, and $23,000 in
tax on all taxable property
in
said City sufficient to provide
.
for
such deficiency, and
any.
the full faith and credit of the
.
City
is| pledged for, the pay¬
ment
of
est./
,
1966.
Boston
I
principal, and inter-
Geo. B, Gibbons & Co^
and ; '•
-
Chas. E.
Lot
*
in
Lake
Bond
Cancelled—The
City Council recently rescinded a
resolution calling for an .election
an issue of $80,000 grandstand
on
bonds.
'*■
-
•
"
•
Orleans, La.
Offering—Jess S.
Commissioner
Will receive sealed bids until
Jan.
on
29
for
$290,000 bonds,
noon
the
purchase
follows:
as
of
~\
$150,000 public ,belt bridge fund,
,
series
A
Due
bonds.
,
March
1, 1965. Principal and inter¬
payable at the National
est
Bank of
Commerce, New Or¬
leans, or at the Chase Nation¬
al Bank, New York City. The
bonds;, iogether-with all other
bonds ,pr notes issued under
the authority of Act. No.315
of 1944, are secured by a lien
and
-mortgage
upon
and
against such amounts as shall,
from time to time, become
,.
repayable to the City, acting
the
Public
Belt
Commission, under
and by virtue of its contracts
through
Railroad
With
railroads
Section
pursuant
to
Constitu¬
of the
28,
called at any time, the
called, for redemption
are
bonds "so
shall
determined
be
such
advisable.
by
the
as
manner
in
lot
shall
City
Bidders
are
re¬
quested to name the rate of inter¬
est to be borne by said bonds, all
each
of
bonds
issue
of
rate
same
the
to. bear
interest,
tion, of Louisiana, on account
of
moneys
expended by it
through the Public Belt Rail¬
road Commission in the
bid
whose
der
.
Cave,
Public Finance,
of
less than all of the bonds of said
issues
said
and
bonds will be awarded to the bid¬
;
Neu)
Bond
redemption of any
the
interest
due
thereon to the date of maturity
thereof), and accrued interest to
the date fixed for redemption; • If
deem
Charles, La.
Election
shall the premium pay¬
no case
able upon the
bond
exceed
offers
interest cost to
the
lowest
the City, to be de¬
termined
by
computing
the
amount of interest payable on the
bonds for their entire life and de¬
ducting therefrom the amount of
any premium which may be of¬
fered.: All bids must be uncondi¬
tional arid
bid of less than par
no
and accrued interest from March
1* 1946, will be considered.
Each
bid shall be for the full amount of
The bonds will be de¬
each issue;
livered
as
soon
after' Feb.
or
practicable on
1946, and the
as
28;
successful bidder or bidders- shall
be required to
payj in addition to
the price of the bid,
crued up to date of
interest ac¬
delivery.
A
legal opinion of, Wood, Hoffman,
King & Dawson, of New York,
will be provided by the City, ap¬
proving the issue, The bonds may
be registered and released from
registry under such rules as the
City may prescribe.
Enclose a
certified check for at least 3 % of
the bonds bid
City.
shares of
State
the State
purchase the stock
at: a price of $85 a share or an
investment of $20,297,490. To. real¬
rate
thereto
arid
the
appurte¬
thereof and the lands
nances
and
the
other things
required in
savings to the public of $787,In the event that 2% addi¬
tional were figured on the interest
rate
the
pledge
the net
upon
from
derived
Note
casse,
sealed
This
eration
thereof, and
by
a
pledge and assignment of such
contracts With
any
railroads,
shall be, paid therefrom
and not by any tax or assess¬
ment or levy upon any tax¬
able property in the City nor
out of any other funds, rev¬
enues
or
things of value of
said City, provided that the
.Commission shall out of its
and
.
;
General
Fund
pay
interest
accruing thereon. Said-lien,
'mortgage* pledge and assign.
ment are evidenced by a cer-
:
tain Mortgage Indenture duly
authorized, executed and de¬
,
livered
by
National
.
of New
the
City
to the
Bank of Commerce
Orleans, Trustee, and
recorded
in
the
Parish
of
Jefferson, to which Mortgage
Indenture reference is hereby
;made.
■140,000
length
bonds.
able
at
series
1, 1960.
and interest paythe
Manufacturers
Due
Principal
,
J.
Offering—Alfred
bids
tion of
until
11
a.m.
Jan.
on
1946
Dated "Jan.
revenue.
MARYLAND
sion.
within
from
new
March
the
the
months
on
of
the
To
To the Commerce Union
Lot No.
Bond
,
-
r
,
:
.
/
,
-
ered
the"
National State Bank, of
Newark,
$40,933,246.65
months
of
$62,484,055.89,
this
as
of 1944, and
totaled
same
with
period
$57;182,732.11 in 1943,
No.
Lot No.
Boston, Mass.'
was
awarded
on
Dec. 26
to the Chemical Bank & Trust
-}
"{
-
.115.661
117.044
7
8_
_
_
) 'f
j
_
/122.881
...
_
_
Lot No.
.92—2
123.019
Lot
11___,
129.935
No.
Lot
No.
1222-„..——124.754
To the Equitable
.
Corp.,
:
Securities
'
Lot No.
-
13-J
,
14,—.
„126.417
—
Co.,
f
!«
will be considered.
126.746
To the National City Bank,
Governor Kelly asked the
to submit a detailed brief
to him before a special session of
the Michigan Legislature.
ported
i -
*
The
by'the City.
•
The purchaser shall
) :I
a
certified check for 5%
of the total par
,
j.
the cost of printing the bonds.
| Enclose
of
Portland,
i'J
Stone, of Detroit, approv¬
opinion shall be paid
pay
/
Financial
-7
Position
Re¬
State of Michigan
The
a
combined surplus of $79,009,018, and is in its. best finan¬
cial position in history, AuditorGeneral John " D, Morrison as¬
serted in his annual fiscal report.
has
Six
yealrs
Morrison
combined
ago,, Mr.
Teborted,
the
funds had
deficits' of $26,822,116.
The
tion
same
financial
improved
in
"logical,
State
and
revenues
legislative
farsighted
administrative'
and
posi¬
attributed to steady in¬
was
creases
controls
on
expenditures."
said
Morrison
Mr.
the
had risen 47%
revenues
State
to $258,r
232,442, while expenditures have
increased 26% to $240,169,031.,
The
largest revenue increase
$47,486,728 boost in sales
taxes, which is now the largest
single source of income.
was
a
The
ditures
in
major increase in expen¬
was
the $19,557,481 rise
{payments
government.
units^ of
local
to
:
•
MINNESOTA
*
Edina, Minn.
Warrants Offered—Bower Haw¬
thorne,
Clerk,
Village
bids until
sealed
received
27 for
Dec.
the
purchase of $21,000 Sewer District
No. 12 warrants.
Dated Jan. 1,
1946. Denomination $1,000. These
warrants are. due $1,000 on July
1, 1947, Jan.. and July 1, 1943 to
1956, and $2,000 on Jan. 1, 1957.
The approving
opinion of Dorsey,
Colman, Barker, Scott & Barber;
Minneapolis, will be furnished.
of
Lincoln
No.
County Indep. Sch. Dist.
(P. O, Hendricks),-
64
Minn.
Bond Sale—The
$48,000 refund¬
ing bonds offered foi' sale on Dec.
21'were awarded to J. M. Dain &
C<», of Minneapolis,
ates.
and Associ¬
*«•>'
bonds
The
:
are
dated
Denomination
Dec.
1,
Dec.
$1,600.
1,
Due
$2,000 from
inclusive, and $4,000
follows:
as
1947 to 1960
cost of such
.
'
offi¬
cials
dock &
V
Phelps, Fenn & Co.,
beach on
new
to a program to
that drain into the
from 1961 to 1965 inclusive. Bonds
ing the legality of the bonds.
C. J. Devine & CoLof
Bank, of
Chicago,
proposed
St. Clair
clean up rivers
opinion of Miller, Canfield, Pad¬
Halsey,Stuart & Co.,
First National Bank,
the
for
1945.
-
'
York,
Bids shall be
conditioned upon the unqualified
r
First National Bank, both
of New York,
Harris Trust & Savings
Sale—An issue of $3,000,-
OCO notes
,
143.002
No.
New
MASSACHUSETTS
.
of the register of
No.
Lot
during the
compared
$60,178,111.28 for the
Jones, of
Lot No.
year
mortgage being dated July 1, 1939,
and being recorded fn the office
deeds for Craw¬
ford County, Mich., in Liber L of
Mortgages, page 338, said second
mortgage to coptain a franchise
to be granted by the City to the
purchaser on foreclosure thereof,
to operate said plant and distribu¬
tion system for a period of 20
years from the date of such fore¬
closure.
The proceeds of the Sec¬
ond Mortgage bonds are to be
used to purchase additional Diesel
generating engine, switch board
and accessory equipment. No pro¬
posal, for less than all the bonds
and
"Orleans,,
Lot
and 86.86% for 1943.
Revenue collections
119.65
_
To the Chase National Bank,
of New York,
repre¬
senting the total expended for
operating purposes, or ,85.63% of
'he operating appropriations. This
compares with 87.98%
for 1944,
.2—
jointly,
ex¬
is
$i4,933,246.65 for
debt service and pension
fund, the
of
_
Phelps, Fenn & Co.,
W. Pressprich & Go.
Lot
on
said bonds, said mortgage to be
subject only to the lien of a prior
mortgage given the City covering
said light and power plant and
distribution
system,
said
prior
;
.
both of New York,
Falling Included in these
balance
*
jointly,
scope
changes tie a $500,000 bond Issue
Lake
secured
Commerce Bank &
Scharff &
deductible and interest
15, 1946, to the respective maturi ty dates.
Said bonds shall be
by a second mortgage
covering
the
light and power
plant and distribution system now
owned by the City, together with
all additions and improvements
made thereto during the life of
-
3-
4_
as
bonds will be computed from Jan.
Corp.,
the
within
come
:
The - Huron-Clinton
Parkway
Association asked that the legal
lowest interest cost to
ing the net interest cost, interest
on
premium will not be consid¬
;
2._^._>...^126.20
No.
the
the City after deducting the prem¬
ium offered, if any.
In determin¬
Trust Co., of
St. Louis, and
New
utilities
Michigan's revenue bond laws,
transportation
units owned by
municipalities do not.
He said
that Detroit's proposed expansion
and improvement program for the
DSR would be greatly facilitated
by a change in the law.
V
of
,
1
;
To the Mercantile-Commerce
Lot
authorizing cities to -issue
transportation revenue bondis¬
sues.
In presenting the case for
the transportation bonds, Detroit's
Auditor -General V- Benjamin
J,
Tobin explained that while other
Sound
■
duces
/
Bank,: of Nashville,
:
National State Bank, of
Newark, and
McDougal & COndon,
/
penditures
i
1946, $27,000 in 1947, $28,000
1948, $29,000 in 1949, as 23/4S,
and $30,000 maturing July 1, 1950,
as l%s.
Interest J-J.
in
$2,000 in 1949 and 1950,
$3,000 in 1951 to 1959, $7,000 in
I960, and $8,000 in 1961. Rate of
;
!
"V* interest to be in multiples of
of 1%. The bonds shall be award¬
136.78
ed to the bidder whose bid pro¬
Lot No.
Revenue
for
troit,; have petitioned Governor
Kelly fori the enactment of legis¬
'
'j
Authority
Seek
Transportation - Bonds—A number
of municipalities, including De¬
follows:
Lobdell &
Co., and
R. D. White & Co.,
both of New York,
.'.jointly,
current
appropriations, accord¬
ing to City Budget Director Her¬
;«»
in
Mr.
-\
.
■■
100.0007, a net# interest lake and would interfere with de¬
of 2.4009%, as follows: for
velopment.
$110,000 maturing July 1, $26,000
radius
Boston,
follows:
R.
total
Note
of
•
Michigan (State of)
cost
Grayling, Mich.
Offering -— George
A.
Massachusetts Mutual Life Ins. Co.
Granger, City Clerk, will receive
(P. O. Springfield), Mass.
sealed bids until 8 p.m. (EST) on
Portfolio
Bonds
Sold—It is Jan. 4 for the
purchase of $46,000
stated by John C. Sevey, of the
not to exceed 4% interest electric
Investment Departmett that the light and power second mortgage
various municipal bonds aggrecoupon revenue bonds. Dated Jan.
gatingWH $3^27,000,"
offered
for 15,, i946r~IhTerest^^JTHJehohP*
sale on Dec. 12,. were awarded as
ihation $1,000.
Due Jan. 15, as
Revenues and
year; the
abo,ve city expended for all purooses $55,857,235.78, or 89.16%
of
11
10-tol2-mile
center
disclosed.
Interest F-A.
price of
The bill proposed in this re¬
Jordan
Disbursements-—During the eleven
bert
recent
a
V, Sattley & Co., McDonald-
Moore & Co., and Crouse, Bennett,
Smith & Co., all of Detroit, at a
port goes considerably further in
establishing an authority to op¬
erate all forms of transportation
To
-
Baltimore, Md.
Report Issued
the
H.
in
covered
been
Townships fjfc,
(P. 0.
on July 6
syndicate com¬
posed of Miller, Kenower & Co.,
report filed
with the legislature of the Metro¬
politan Transit Recess Commis¬
La-
7, 1946 and due as follows: $150,000 Sept. 20, and $50,000 on Oct.
15, Nov. 8, and Dec; 27, 1946.
t
Belt,,
in
has
and Lake
Were awarded to a
,
.
Public
fact
Ceme¬
Fund, pur¬
bonds offered for sale
a
To the First Boston
$300,000 notes issued in anticipa¬
op¬
amortize
to
Care
in
Sch. Dist. No. 3
comparatively
short time, the annual savings to
the public would be $382,047.
for the purchase at discount of
3
bonds
over
Perpetual
St. Clair Shores), Mich.
Bond Sale—The $140,000 school
Chicago,
jointly,
City Treasurer,, will receive
rev¬
the
these
Lot No.
operation and mainte¬
thereof, and by a lien
enues
of
debt
Buchanan, Mich.
Sold—The City
Bonds
796.
for, payable to the
Augusta, Me.
+
Erin
nual
a
fol¬
maturing $7,000
Aug. 1, 1946 and 1947, as lV2s, and
$15,000 maturing Aug. 1, $7,000 in
1948, and $8,000 in 1949, as l^s.
lation
years.
he continued,, would result in an¬
of' 100.04,
price
a
lows: for. $14,000
Worcester
September an issue Of
$20,000 water revenue bonds ; as
2%s, at par. Due in from 2 to 21
low interest
than 2%. This,
very
more
were:
MICHIGAN
chased
of
nance
and
of not
bidders,
County Trust Co., 0.374%;: Merchants National Bank of -Boston,
0.415%; Day Trust Co., Boston,
0.43%; J. P. Morgan & Co., 0.45%,
plus $1.
tery
ize this amount the District should
a
awarded to the
St. Trust
other
can
issue bonds at
$500,000
anticipation * notes
of¬
was
at
Detroit,
Co., of Boston, at
0.31% discount. Dated Dec. 28,
1945 and due Oct. 15, 1946. Among
stock of Boston
common
of Miehigaii Corp., of
net interest cost of 1,304%, as
Note Sale—The issue of
fered Dec. 27
accord¬
ance
with Chapter 333, Acts of
1931, at not exceeding $85 a, share.
struction of the
bridge there¬
authorized; and subject to
any
prior liens, mortgages,
pledges and assignments executed pursuant to said Sec¬
tion 28 as amended, by a lien
and
mortgage
upon
said
bridge and the approaches
'':
awarded
for sale on Aug. 7 were
to the First
revenue
Elevated Railway Co., in
MAINE
in
124.06
Price not disclosed,
special
improvement
water
assessment rolls 32 to 37, offered
T
Worcester, Mass.
thorizing the Boston Metropolitan
District to purchase the 238,794
.
con¬
^
10
1
Sold—The $29,000 sewer
Bonds
and
(P. O.
Grosse Pointe), Mich.
,
,
,
162, p. 2443^-mature as follows:
$48,000 water works system bonds,
as 2V4S.
Due Nov. 1, as follows: $2,000 in 1946 to 1957,
and $3,000 in 1958 to 1965.
10,000 water works system rev¬
enue bonds, as 3V2S. Due $500
from Nov. 1, 1946 to* 1965.
Dated Nov, 1,
1945.
Dehofpfc.
$1,000 and $500;
;
V
No.
Elevated Railway Purchase Pro¬
posed—State Representative Peter
Jordan has filed a House bill au¬
Grosse Pointe Woods
■
Weigold 8c Co. all of
York,
jointly,
i, 1946. Denom¬ The District would also be author¬ )
ibermile Parish Water Whs. Dist. ination*
$1,000. The City reserves ized to issue' bonds to effect the
No. 1 (Pi 0. Plaquemine), Lai
the right to redeem the bonds of
purchase.
>
Bond Sale Details—The $58,000
said issues, in whole or in part,
The State's purchase of these
water works bonds awarded on
at any time on or after March 1,
shares will result in a
distinct
Nov. 13 to a syndicate headed by
1950, at 102% of the par value
saving to the public, according to
the Equitable Security Corp., of thereof
(provided, however, that Mr.
Jordan, who explained that
Nashville, at a price, of par—v.
Dated. March
Inc.,
New
Metropolitan District (P. O.
Boston), Mass.
y
prim
cipal or interest in any year,
the City is obligated to levy a
%
now
City, jand in
of any deficiency in these
case
semi-annual
of the
New York City, at 0.52%. Dated
Dec, 28, 1945 and due Oct. 15,1946,
Other bids: Halsey, Stuart & Co.,
0.57%, plus a premium of $145;
Salomon Bros. & Hutzler, 0.64%,
plus $19.
Monday, December 31, 1945
;•
:
■
t
>'
value of the bonds,
payable to the City Treasurer.
due
are
Dec;
1,
1961. and thereafter
callable at par and
terest
on
Dec.
accrued in¬
1, 1960, :or on any
subsequent interest date. Legality
approved
Barker,
neapolis.
by
Scott
Dorsey,
Colman,
& Barber of Min¬
C. Swan-
,Bond Offering—Chas.
son,
and
on
City Clerk, will receive
until
auction- bids
Jan. 3 for the
National Trust & Savings
Ira
purchase of $2,-
_116.53
8__
—119.887
9____
114.368
10__'-_-__-_—-119.336
11
-120.254
12——
—121.673
13——-—122.716
Lot
No.
Lot
No.
Lot
No.
Lot
Lot
interest, expressed in a multitple
of V4 or 1/10th of 1%.
A certified
check for 2 % of the bonds bid for,
,
Lot
the
No.
and
City
Bids offering an
than par cannot be
both principal
application to the
Lot
Lot
Lot
Lot
Lot
purchase of $650,000
not to exceed
6% interest coupon
Lot
No
payable to order of Gladys
E. Miller, City Treasurer, is re¬
quired.
Purchaser will' be fur¬
nished with legal opinion of Wood,
Hoffman, King & Dawson of New
York City.
Purchasers will be
Lot
32
&
Trust
accrued interest
on said bonds to but not including
the day of delivery; and, in addi¬
tion, purchasers will be required
to pay the City $2.00 per bond to
apply on the expense of the City
in
issuing and transporting the
bonds to place of delivery and in
meeting bank charges for maturi¬
ty payments.
Delivery will be
made in Minneapolis, Chicago, or
New York City, at a national bank
acceptable to the purchaser, any
charge made by such bank for
delivery service to be paid by the
purchaser.
Bids offering an
amount of less than par cannot be
accepted. The bonds may be reg¬
istered as to both principal and
interest on application to the City
;
tb the above
in v. 162,
//
bidders were:
Savings /
Trust &
,
.
:
Association, of
/ v/"
Haupt & Co., of
*;
•,//
Francisco,
Lot
No.
For
Lot
No.
For
Lot
No.
For
Lot
No.
For
Lot
No.
For
Lot
No.
For
Lot
No.
Lot
Lot
For
Minnesota
Sold—It is re¬
municipal bonds of¬
Dec 5, were' awarded as
and
fered on
follows:
To
Smith, Barney &
New
Lot
No.
Lot
No.
Lot
Co., of
York:
2
3_
4
No.
----+--112.04
—--109.09
—114.48
Lot No. 40—"—"---^—-—114-54
To John Nuveen & Co., of
Lot
No.
-
Chicago:
Lot
No.
■
-■
/
5-i—--
_——
•
o
U4.S86
basis of about
a
Senator
Matthes, Hillsboro Repub¬
/
lican.
The
specifically
measure
vides,
for
property
that
however,
owned
pro¬
investment
or
rental
of:
proved
bill's
The
exemption provision
intangible prop¬
does not apply to
erties, it was pointed out. A sepa¬
Due
;
dated Dec.
are
Storey,
Thorndike
of Boston. Other
by
bicL,
also
for
IV4S,
were
as
,fol-:
lows:/,;v'v"«
Bidder
..' X
; ,V..
'
Rate Bid
Kenneth Bv Hill & Co^V^"- -v/
.
.
.
.
_
Boston
JERSEY
NEW
Bordentown,
Bonds
N.
Authorized
—
J.
The
City
Council is said to have passed re¬
cently
an
issuance
ordinance calling for the
of
2%%,, automo¬
equipment bonds.
Due on
2 as follows: $2,000 in 1947
$9,500
10____.
No.
12
.120.82
rate
For
Lot
No.
13—.
.121.80
of
For
Lot
No.
32
.104.155
drafted and the subject of exemp¬
For
Lot
No.
33—
.110.397
tions has not been considered.
34.—.
.104.774
41—.
.114.84
providing more liberal
exemptions, the provision in the
bill just passed will also clarify
the legal standing of the proper¬
Schellenger, City Clerk, will re¬
ceive sealed, bids untilll a.m. on
ties of the various institutions in¬
000 issue of 1945,
Lot
Lot
For
No.
No.
&
Nuveen
John
Lot
For
No.
Co.:
6—.
.116.517
For
Lot
No.
23—...
For
Lot
No.
25—.
.116.66
For
'
.104.70
Lot
No.
27—
.114.085
Chase National Bank,
For
Lot
No.
11——.
.119.552
Lot
No.
29____.
.102.536
Indep. Sch. Dist.,
Minn.
Bond
Offering—H.
ceed
2%
E.
Whalen,
interest building bonds.
Dated Jan.
1, 1946.
Denomination
Due Jan. 1, as follows:
$30,000 from 1949 to 1965 inclu¬
sive; $65,000 in 1966, and $75,000
from 1967 to 1971 inclusive. Bonds
$1,000.
,
maturing
on
Jan.
1,
1966
and
callable at par and
accrued interest on Jan. 1, 1965.
thereafter
and
date.
are
lsubsequent interest
Interest J-J. Principal and
on
any
interest payable at a
or
the
.trust
successful
suitable bank
designated by
bidder.
All bids
company
lawsuits
State
the
to
have
the right
holdings of
over
tax
colleges and church and charitable
institutions.
,/
?/
New York:
been many
of
there
Heretofore
volved.
the
Under
State's
bid
the
laws
exemption was limited to
lots
within a city or town, or within
one mile of the city limits up to
one
acre,
and
on
holdings
up
to
acres
beyond
a
one-mile
limit from the city limits wherein
five
the
institution
was
located.
This
exemption included the improve¬
ments
on
the lots.
A section of Missouri's
new con¬
adooted last February,
possible to broaden the
exemptions. Virtually all institu¬
tions
affected
agreed
to
the
stitution,
made
it
change
made
in
the
legislation
just passed.
Phelvs County
Plans
tion
Bond
will
be
O. Rolla), Mo.
Election—An elec¬
(P.
held
late
next
year
the question of issuing $400,000
courthouse bonds.
on
and
of the
ered that the indebtedness
municipalities and counties of the
State was at one time in excess
of $1,000,000,000, the present gross
debt of $718,616,000 is significant."
Mayor Hague Wins
Railroad Tax
Frank
Hague
emerged the winner in the long
Case
Mayor
—
City's
and
drawn-out battle for Jersey
full
interest
as
taxes
railroad
of
share
result of the recent
a
tive
Jan.
be
.
of only to
those having such prop¬
erty would have cut the
share of the interest by
Jan.
14 for
istered
the
,
In writing
Chancellor
the majority opinion,
Luther A.r Campbell
coupon
or reg¬
6%
Denomina¬
$8,000 Dec. 1,
Dated Dec. 1,1945/
be
in
a
of
tenth
same
Due
1950.
1946 to
Rate of interest to
multiple of V4
1%, and must
one-
or
for all of the bonds.
be
the
Prin¬
cipal and interest payable at the
Merchants National Bank, Cape
May.
the
use
of the principal."
No proposal wil be consid¬
specifies a rate higher
Teaneck
neck), N. J.
Bond Off ering—Henry E. Diehl,
Clerk,
Township
15
for
the
Due Dec. 1, as follows:
$10,000 in 1948 and 1949, $5,000
in 1952 and 1953, and $10,000 in
$1,000.
legally acceptable proposal. Each
proposal must state the amount
bid for the bonds, which shall be
not
less than $40,000 nor more
than $41,000.
As between legally
acceptable
proposals
specifying
the
same
rate
of
interest,
the
the bidder
complying with the terms of sale
and
offering to accept for the
amount bid the least amount of
bonds, the bonds to be accepted
being those first maturing/and
if two or more bidders offer to
Jan.
$50,000
F, coupon or registered
bonds, not exceeding 6% interest.
Dated Dec. 1, 1940. Denomination
1954 and 1955.
to
receive
series
tenth
sold
of
purchase
be
be
will
sealed bids until 8:30 p.m. on
than the lowest rate stated in any
will
Tea-
(P.O.
Township
ered which
bonds
the prin¬
cipal, it inevitably follows that the
interest belongs to him who lost
purchase of $40,-
bonds, not exceeding
$1,000.
compensation
for the loss of the use of
C.
interest.
tion
$3,612,-
907.45.
"Since interest is
Cape May, N. J.
Offering — Stanley
Bond
county's
asserted:
1950, and $1,500 in 1951.
to
/
„
Par
______________
No.
For
of the counties
municipalities had reflected a
steady decline in recent years, Mr.
Darby said:
"When it is consid¬
grbss and net debts
municipalities
Lot
Besides
89.01%.
Further revealing that both the
paid only to those
having
railroad
properties in their limits.
The
Court's decision was eight to five.
Since Hudson County has by far
the
greatest amount of second
class
railroad
property in the
State, the laws distributing the
interest to all communities instead
Co.,
Kidder, Peabody & Co.,
and Townsend, Dabney & Tyson, jointly
100.07
Na+ional Shawmut Bank,
; !
Lot
intangibles
was
should
Robert B. Hawkins &
For
the taxation
now
is
being
90.89% of the total
The total levy
$256,728,000.
In the preced¬
ing four years the percentage of
payments ranged from 80.99% to
representing
levy, a new high.
ruling of the Court of Errors and
Higginson ,":
Appeals that railroad tax interest
Corp., jointly
100.26 i
For
act applying to
subdivisions
the
Darby's report showed that
taxpayers turned over $233,454,000
to local collectors during the year,
Lee
arid
exempt even
activities.
bonds.
Palmer & Dodge
income from such
might be used for in¬
stitutional
1957 inclusive.
31, 1945,;. Principal ,?and interest
payable at the National Shawmut
Bank
of
Boston.
Legality
ap¬
the
though
to
inclusive.
1954
and not used for institu-r
pui poses
tional activities is not
1947
equipment
35,000,
provision was the result of an
C.
.114.32
ported by Paul Albrecht, Secre¬ District Clerk, will receive sealed
tary of the State Board of In¬ bids until 8 p.m. on Jan. 9 for the
vestment,
that the 41
lots of purchase of $950,000 not to ex¬
State
a
.118.77
St. Louis Park
(State of)
Portfolio Bonds
M.
.119.57
For
2869.)
iy4s at
as
consisted
Sale
All of the bonds
.
9____.
No.
100.68,
of
were
Kennedy
31, as follows: $3,000 in
.1946, and $4,000 from 1947 to
to pay
8.—
No.
of Boston,
Co.,
21
Dec,
Brittain
F.
Dec.
signature.
;
legislation, such in¬
stitutions would not be required
property
.114.30
5.
No.
to
from
<
the
taxes on real and personal
property actually and regularly
used
for religious
worship, for
schools and colleges and for purely
charitable purposes.
The exemp¬
of
maintained their downward trend.
,
for
Under
cipalities for the 1944 calendar
year,
that tax collections con¬
tinued on. a high level and the in¬
debtedness
$35,000 public improvement bonds.
Due
Dec.
31, ; as
follows:
$2,000 in
1946,
and $3,000
Missouri Legisla¬
to the Gov¬
the
by
amendment sponsored by
Halsey, Stuart & Co.:
Lot
proval
tion
Associates; > i():
1——111.843
"2
108.893
3—,-111.002
4
—114.273
7—-—117.16
21____^___117.98
22—.117.68
New York, and
For
&
ligious, educational and charitable
institutions, was given final ap¬
ernor
.110.449
33—
The next highest
For
regular city election
offered
awarded
ture, Dec. 6, and sent
/; /
"'/'/;/■
No.
For
build¬
Berlin, N. H.
exemptions,;to -re¬
liberal
more
the financial condition of New
Jersey's 21 counties and 567 muni¬
Sale—The $70,000 coupon
Bond
bonds
property for taxation purposes and
containing a provision granting
/
been
Mr.
1.128%.
ing More Liberal Property Tax
Exemptions — A bill classifying
by
Darby, State Local Gov¬
Director, in his report
ernment
NEW HAMPSHIRE
price
/
(State of)
Governor Receives Bill Grant¬
Is¬
Walter R,
Missouri
'/
Bank of America National
required to pay
appeared
No.
the Harris
Chicago:
.,.
Trauernicht,
Report
disclosed
has
April.
of
Jersey (State of)
Government
sued—It
been
on
$25,000 community
of
New
New
Local
Wisner, Neb.
sue
of
payable to the City.
Bond Election Planned—An is¬
next
:
of St. Louis.
30______
31—
Ira
Delafield &
York, that the
bonds are valid and legally bind¬
ing obligations of the City,
En¬
close a certified check for $800j
Wood,
/
•
successful
The
opinion of Hawkins,
ing bonds will be submitted to the
1%% bridge bonds ,was
purchased recently by the Baum,
Bernheimer Co., of Kansas City.
Dated Nov. 1, 1945.
Legality ap¬
—.102.354
102.415
———104.426
No.
No.
San
has
bonds
revenue
$27,500
;
National Bank,
/ V
Lot
bid for,
sold.
A-O.
Fredericktown, Mo.
Bonds Purchased—An issue
proved by Charles &
York:
of New
Savings Bank,
expressed in a multi¬
ple of V4 or l/10th of 1%. A cer¬
tified check for 2% of the bonds
p.
No.
Lot
Lot
electric
MISSOURI
/-
Lot
of interest,
offerings
No.
Lot
Feb. 1,1946.
Interest F-A.
Denomination $1,000.
Bidder to name a single rate
price of
a
be returned.
bidder will be furnished with the
ordinance just passed.
an
voters at the
/ / '
21—
—119.30
22—-—118.30 i
38—
104.938
39———114.408
41—
—.114.918
No.
To
paid
pur¬
such case
deposit accompanying his bid
will
Winside, Neb.
Bonds Sold—An issub of $35,000
,
No.
Lot
Each issued is dated
2692—were sold at par and ma¬
on
Oct. 1, as follows: $500
1951 inclusive; $1,000
from 1952 to 1954 inclusive, and
./ X
,
Co., of
To the Chase
Due
1947
tained in
from 1947 to
$1,500 in 1955. Interest
the
to
contract
the
under
chase the bonds and in
Authorized—Authority to
ture
19
128.13
20———128.13
No.
Chicago:
1956 inclusive.
Bonds
p.
Corp.:
:<■,/■
To Blyth &
300,000 public relief bonds. Due
$30,000 on Feb. 1 from 1947 to
(Previous reference
tions
issue $38,000 sewer bonds is con¬
162,
jointly—v.
Jackson,
of
both
Webber,
/■ //'•/ /..."'/■
& Curtis, of
'
No.
Lot
Lot
;
1.185%.
Omaha
income tax law,
at his
successful bidder may,
election, be relieved of his obliga¬
.
Lot
$200,000 permanent improvement
revolving fund bonds.
Due
$20,000 on Feb. 1 from 1947 to
of
Federal
any
the
Net income
Tecumseh, Neb,
Dist.
by Edward Jones & Co.,
and the Walton-Hamp Jones Co.,
117.13
Chicago:
••
•
of
pgr in the recent purchase of $40,000 1V4 % airport bonds.
cently
/
17
No.
Lot
bonds, as fol¬
1956 inclusive.
Co.
funding bonds purchased re¬
3%
—
First Boston
To the
Jackson
Offering—At 10:30
Board of Esti¬
mate and Taxation will receive
sealed and auction bids for the
150,000 storm drain Hinds.
$15,000 on Feb,, 1 from
■"'t >! to 1956 inclusive.
1,
Superior, Neb,
&
In
the deliv¬
of the bonds the income re¬
ceived by private holders from
bonds of the same type and char¬
acter shall be taxable by the terms
Price Paid—Robert E. Schweser
(P. O. Bonneville), Miss.
Bond Sale Details—The $7,000
111.30
No. 16—
—112.76
No. 18——106.77
No. 23
—105.08
No. 24.^———-—-110.01
No. 25—
—117.30
No. 34——l—105.20
Lot
-
Jan. 3 the
Comptroller.
*
15-
No.
Lot
To Paine,
lows:.
July
an
ery
NEBRASKA
No. 2
National Bank,
/of Portland:
Additional
on
$1,500
July 1, 1945.
basis of about
County Supervisors
Prentiss
35——————107.039
37———111.619
To the First
accepted.
a.m.
*Due
pay
the event that prior to
1946 to 1955.
,
No.
charges for maturity pay¬
ments.
The bonds may be reg¬
on
bonds.
Dated
MISSISSIPPI
No'. 14_XU12.296
Lot
bank
Comptroller.
amount of less
in
—
Co., Inc.:
apply on
the expense of the City in issuing
and
transporting the bonds to
place of delivery and in meeting
interest
rather
reported
as
Monticello, Miss.
Lot
required to pay the
to
13
162, p. 3126.
also
the interest on
to the date of
payment of the purchase price.
follows:
as
the
the bonds accrued
Bank,'of Miles City, as
price of 100.071—v. 162,
a
No.
:
City $2.00 per bond to
as
on
First
the
to
therefor
—
ceptable to the purchaser, any
charge made by' such bank for
delivery service to be paid by the
istered
Jan.
bonds,
building
than
v.
25
least amount,
offering to pay
highest price.
The
same
purchaser
must
amount equal to
$35,000
to
$20,000 swimming pool bonds. Due
$2,0000 July 1, 1946 to 1955.
15,000 fire fighting equipment
7——--—117.395
Bonds Sold—An issue of $25,000
Lot No. 26
107.21
industrial plant bonds was sold
Lot No. 27——
—115.225
recently to Harrington & Co., of
Lot No. 28————-126.932
Jackson, as l3/4s, at a price of
Lot No. 29
—102.625
100.156.
Dated Jan. 1, 1946 and
Lot No. 36-—
—109.133
due serially on Jan. 1 from 1947
To Harriman Ripley &
to 1962 inclusive.
Interest J-J.
opinion of Wood, Hoffman,
King & Dawson of New York
City.
Delivery will be made in
Minneapolis,
Chicago, or New
York City at a national bank ac¬
bonds will be
$950,000
—-—— 1-
June
59—mature
p.
purchase of
for the
9
Jan.
until
Halsey, Stuart & Co.:
Lot
legal
of
No
To
order of Gladys E.
Miller, City Treasurer, is required.
Purchaser will be furnished with
to
Purchasers
district
____
No.
1.20s, at
Date Changed — The
will receive sealed bids
amounting
on
National
Offering
—
No.
Lot
'
6
No.
bonds
awarded
the
furnished
.
.
ing
Minneapolis will be
successful bidder.
of
Barber
York, and
■
purchaser.
sey,
Associates:
Lot
Legal opinion of DorColman, Barker, Scott &
the
accept
then to the bidder
Miles City, Mont.
Bond Sale Details—The follow¬
required.
Haupt & Co., of
New
375,000 not to exceed 5% interest
coupon
refunding bonds.
Dated
Feb. 1, 1946.
Interest F-A. Due
Feb. 1, as follows: $237,000 from
1947 to 1951 inclusive, and $238,000 from 1952 to 1956 inclusive.
Bidder to name a single rate of
payable
order
Francisco,.
San
a.m.
MONTANA
fied check for $19,000,
.
Association of
sealed
9:30
A certi¬
payable to
of the District Treasurer, is
unconditional.
be
must
America
To the Bank of
Minneapolis, Minn;
3245
& FINANCIAL CHRONICLE
THE COMMERCIAL
Volume 162/Number 4451
in
same
a
Rate of interest to
multiple
of
V\
one-
or
1%, and must be the
for all of the bonds." Prin¬
of
cipal and interest payable at the
Bergen
County National Bank,
Hackensack. No proposal will be
considered which specifies a rate
higher than the lowest rate stated
any
legally acceptable pro¬
in
posal.
the
„
Each proposal must state
amount
bid
for
the bonds,
than $50,$51.000:. As
which shall be not less
000
.
nor
between
more
than
legally
acceptable
-
pro¬
posals specifying the same rate
of
3246
THE
interest, the bonds will be sold to1
the bidder
complying with the
terms of sale and offering to ac¬
NORTH
will be asked at
ers
bonds, the bonds to be
accepted being those first matur¬
ing, and if two or more bidders
offer to accept the same least
amount, then to the bidder offer¬
ing to pay therefor the highest
price.
The purchaser must also
pay an amount equal to the in¬
Bond
to
program
cost
about
$200,000.
OHIO
Blue
the bonds accrued from
Ash Local Sch.
Other
chase price.
In the event that
prior to the delivery of the bonds
the
2997—were
interest
limited
payment date to
the date of payment of the pur¬
income
holders
received
from
by
of
bonds
private
the
tax
bidder
Ellis & Co
Bonds
tion
of
improvement
on Aug. 6
price of par.
a
is
re¬
has
authorized
$72,000
the
school
'
Bonds
$72,000
Principal
issuance
replacement
y
Purchased—An
school
bonds
issue
was
of
pur¬
chased recently by the District
Sinking Fund Commission, at a
price of par.
Co., Verona.
YORK
NEW
East
Lapeer (P. O. Marathon), N. Y.
Other
$10,000 high¬
way
equipment
bonds
offered recently awarded to the Ohio Co.,
Dec.
21—v.
162, p. 2997—were of Columbus, as Is, at a price of
awarded to Tilney & Co., of New
101.292, a basis of about 0.79%—
York? the only bidder, as l%s at a v, 162, p. 3126—were also, bid for
of 166.03, a basis of about as follows:
1.74%. Dated Dee. 21, 1945 and
For 1% Bonds
May I from 1947 to J. A.
White & Co., and
1S50 inclusive.
National City Bank,
/,
J
..
New
York City,
Cleveland, jointly
Halsey, Stuart & Co
N. Y.
Comptroller to Take Oath
Jan. I— Comptroller-elect
New
on
Lazarus
that
Joseph
he
Office
will
in Boom
the
take
Inc.
Inc.
He will be
Cleveland Corp.,
Finley & Co., and
jointly
Joseph M.
pellate Division, First Department.
Members of the family of the
Comptroller-elect and many of his
•
friends will be in
the swearing-in
attendance
ceremonies.
Otis
,/^ointly
Goldrick,
on
Dec. 21 the sale
bills at
revenue
an
and
1946.
The
$22,000,000
.
issue
April
in¬
as
follows:
Purchaser
The
Amount
Chase
National
The
City of
National
The
New
Bank
of
Kings
6,200,000
••
Bankers
Trust
-
Trust
Hanover
Trust
Company
Bank
<
and
CO.
2,480,000
Chemical Bank and Trust Co.First
National
Bank
of
1,060,000
The
City of New York
Irving Trust Company—
1,680,000
1,680,000
Bank of
1,600,000
1,200.000
J.
The
Manhattan Co
Morgan
P.
&
Co.,
Inc.
The New York
1,160.000
Corn
1,000,000
Trust Company
Exchange Bank Trust Co.
Bank of New York
The Public
Trust
The
560,000
National
Co.
—
Marine
Bank
and
—
Bank
Co.
and
Avenue
•
Trust
of N.
Y.._
Company
160,000
of
80,000
and
100.92
.
100.33
'
U
>t
1V2%
Seasongood & Mayer
Savings Bank
...
100.22
2%
100.62
Provident
2%
100.17
Trust Co.
Lakewood, Ohio
;
80,000
To
of
available
for
Carl
Mr.
Reusch
Reusch
and
of
The outstanding feature of the
Ohio municipal market at present
is the strength of
prices. It would
Oct.
17
Sep.
19
A- A
1.15
1.15
.34
1.50
1.15
.35
1.18
Aug. 17
16
May
—
" t
■
—
18
Apr.
—
Mar. 14
;
.__
$40,000,000
tax against all the taxable
property in the county. .'The' suc-\
bidder may select either
of the
1.35
1.02
.33
1.19
"1.34
the' validity- of the bonds but the
fee and other expense incident to
1.27
1.43
1.11
.32
1.47-
1.14
.33
1.49
1.17
.32
1.33
1.34
1.63
.311
securing the opinion is to be paid
by the bidder: J. Berry King and
George J. Fagan, of Oklahoma
1.18
.32
1.23'
.35
City; Chapman & Cutler, of Chi¬
1.65
.36
1,1942— 1.92
2.13
1.70
Hoffman, King
1, 1941— 1.88
2.14
1.62
cago, and
Wood,
& Dawson, of New
Thompson Township Local Sch.
fied check for 2%
of the amount
bid:
Jan.,
Jan.
1.83
-
43
.
YorkGity. The
Coynty will... furnish lithographed
bonds on steel, engraved borders
without expense to the bidder and
will make delivery at the earliest
possible
dat# under * Oklahoma
law".
Each issue must be,
qn
separately, and each issue will h#
sold separately.
Enclose a certA*'.
.52
for
Jan.
1, 1940— 2.30
2.58
2.01
.57
are
callable
on
Jan.
1, 1939— 2.78
3.33
224
1.09
Jan.
and after
9/1/56, in inverse order,
quite possibly the long
1, 1938— 2.98
•Composite
lower
the likeli¬
they would be called
maturity
from
surplus
earnings, should the
3.42
Index
for
2.55
20
.87
«
bonds.
♦It
grade boRds. 110 higher grade bonds
fi^ad
that
between
grade bonds.
.
high
•
grade
and
lowei
•/
«*.
Foregoteg. data compiled by J. A. Whit#
Cincinnati.
& Co..
water works
city feel it advisable to use such
surplus earnings to retire a 1 y4 %
possibility of
these
Bond
Offering
—
Merlin
1//''///"'''-1'
/
Good,
bonds, it would seem that the
price at which they sold indicates
District Clerk, will receive sealed
bids until noon on Jam 11 for the
full recovery of the market to
levels prevailing before the ■ end
purchase, of $125,000 3% coupon
building and equipment -.bonds.
of
Dated Jan; 15/1946. Interest M-S.
Denomination $1,000. ' Due $2,000
1946,
might
turities
of
July 27, with
1947-71
at
Defer Bond
Offering—The
of $1,500,000 hospital con¬
Baker, Ore,
for
at
payment
the office
Jan;
on
of
I,
Mayor,
.
Hegry McKipney.
.
1953, and $3,000 March and Sept.
1, 19(54 to 1968. Bidders may bid
for
for
fair/ comparison
would be the sale on June 8, 1945
of;$175,000 Bellevue waterworks
a.
Bonds; Offered—Gity Recorder
Guy Tex received sealed t)ids un¬
til/Dec. 28for. the, purchase of
multiple of; 14,rof 1 %: >Thefee
are
at the gen¬
the boricis authbrized
$11£,500 not to exceed 3% interest
general .obligation bonds, divided
eral
due
/, Centred Point, Ore."
/
t
.different rate of interest in.
a
x election
onNov; 6. • Bond
1946-75, callable 1965?
blanks >. to vbe furnished ; by. the
as 1V4S at 100.78, or the sale on
June
6
of
$350,000 / Anderson
Township School District in Ham¬
ilton County due 1946-69 as l^s close a certified check' for $10,000,
at 101.07. ,:// :
payable to the Board of Educa¬
/'\ \
bonds
Called—Refunding bonds
1931/Nos. 235. tp 269, have been
called
/March and $3,000 Sept. 1, 1947 to
ma¬
100.55
/ OREGON
Bonds
.
war.'
llon bonds sold
on
1.50
1,1943:,*
100.31
compare the Elyria
sale with the sale of $100,000 Ga¬
pass
2.01
1,1944— 1.41
third
life for
following firms to
1.58
Jan.
Jan.:
.
:;//y';
The other recent evidence.of the
strength of the market is the sale
on
tion.
Dec. 17 of $250,000 East Cleve¬
bonds due 1947-56 at 101.29
of
bonds,
about
a
net interest cost,
bonds
Is.
-
due
:
-
•'
1947-56
'
at
s
100.90
for
y./.J
;■
JOtcrease in Supply of Bonds
'/
May Be Delayed; /:/// y /
Most people have,
of/course,
ever, the recent announcement? of
the Government that
building ma¬
terials will be placed under prior¬
ities may cause
many proposed is¬
sues
of municipal. • bonds to.! be
postponed. The purpose of the
priorities is said to be to channel
what
building materials
into
are
avail¬
the
construction - of
homes. Such action will probably
mean that even
less materials will
Sch. ?- Dist.,
.
i
/
/
.
/
.Bond
Offering
;
?
1
.
,
will be received by
terest-water
were
authorized at
Dec. 4.;
/.
bonds
an
..
that
election
V
" ■'
'
■
on
-
/
Garfield County. Sch. Dist. No. 43
(P.O. Enid), Okla.
$9,700
.
Bond-Sale —The
niture
Dec.
•
bonds V offered
12
—
awarded
Bank
of
v.
162,
to;n. the
v
Enid,/at
cost i of; 1.09 %.
due
-
p.
2997
—
on
were
National
net/interest
These bonds are
a
$3,000 vin three years from
$1,000 / annually eacb
• thereafter,; except /that
the
?
Jan.
v
.
1
struction bonds authorized at the
Nov. 6 election is not likely to be
be
$1,600, payable, to
„■
-
.
..
bonds.
?
.
Denomination
on
Jan/1,1951/
est
payment
a
-
^
$500.
1, -1947
-
,
-
to
redemption
interthereafter.
or any
date
certified
check for
$690, payable to the City.
Dated Jan.;l,;T946. Principal and
intefest/payable at the City Treas-:
urer's office. The approving opin¬
ion, of Teal, Winfree. McCulloch,
Shuler & Kelley, of Portland/will
be furnished.:. > ;
\
)
■
a
•
«+
Eugene, Ore...
Sale' Details—The $40,000
swimming pool bonds awarded;
.v.'-:
,
>
■
Bond
on
Dec.; 10,-as Is, at a price of
100.3.8—162, p.* 2998—were, sold
to
the-. First National Bank, of
Eugene/Dated Jan. 1, 1946/These
date /and
available for public construe-?
lion.
.
certified
a
bonds are due $8,000 in 1947 to
year
1951;
Net income ba si s of about
Hence, this action may well' last installment / shall: be $7«)0.. 0.864 %. / The next highest .bidder
mean that much
expected/public The next/highest/ bidder .was the was ? the. United
-States-National.
placed on the'market until next construction will riot materialize Central; National
Bank, Enid/ at | Bank,; Portland/ for IV4s,vat a
JJme at the earliest. - * >
as soon as had been
y
•
thought, and, a net'interest cost of 1.11%.
price of 100.40.
; v : -;..
isSue
•
l,
Subject to redemption at par. and accrued
interest on Jan.. 1, 1956/or on
any .- interest .payment ; date
Enclose
/I
-
fur¬
for sale
First
<
"v
the City Man¬
f system
$4,t)00
Due $1,500 Jan.
V1960.. Subject to
/
bids
ager until Jan. 8 for the purchase
of $170,000 not to exceed 2% in¬
■
Improve-
34,500 Water ^.System Supply Line
v
f'//'.,
Sealed
—
//;;' //•
.
1968.
check lor
Edmond, Okla.A \-.l '■ 'Vr
'
to
/the City..
:
.l/'l;/;/•/.'
1949
;;; thereafter. Enclose
/
162, p. 2997—were' sold at a price
of par, as Is. These bonds are due
$2,000 in 1948 to 1953.
;; y j/
System
'/ $1,000. V Due \
1
Okla.
Water
j, ment '-5 bonds./ Denomination.
"
:' '
building :< bonds / awarded on Dec.
10 to' the' First National Bank &
Trust rCo., s of Oklahoma City—v.:
one on
^ollowg;/;;// y.
$80,000
•^Bond' Sale. Details—-The $12,000
.80%. This sale maybe
Aug..7, just
before VJ-Day, of $140,000, Frank¬
lin County bonds due 1946-55 at
100.89 for Is, or with the sale on
May, 31
of
$50,000/ Zanesville
as
r,.OKLAHOMA
Crescent
land
for 1%
///A,--.\~r*v
'•'J'/J T.•
.
-
.
i
lorem
.40
Dist. (P. O. R. No. 3, Bellevue),
Ohio
tax bonds due evenly each
9/1/47-76 at 100.634 for iy4%
bonds, with the second bid 100.53
year
average
are
va¬
.45
—
shorter
County, and
unlimited ad
.40
17
bond. Even With this
arr
.37
Jan.
on
,
1.02
$1,175,000 water works unlim¬
bonds could be sold
property * in
Both issues repre¬
direct and binding obliga¬
a
payable from
.36
1.17
1.62
-
—-1.30
IV4S. These bonds
taxable
an
1.02
14
1,1945—
all
County.
from
levy levied
1.39
1.21
Feb.
Jari.
interest
1.42
1.40
—1.22
'
and
tion of the entire
.33
1.18
Manufacturers
1.19
—-
July 18
1.58
the
cessful
On Dec. 18, Elyria sold an issue
a
*.33
1.14
1.48
1.49
__1.38
Jufie 13
prices
are
climbing
right back up to the peaks of last
spring.
'
before
the
sent
*
that
and the
against
.32'i
1.47
First
.
principal
.32
1.36 V. 1,54
14
then/ at
cy,;
1:14
1.32
—
„
the
at
Trust Co., New York City. These
bonds
are
payable
both as to
1.13'
"
made
York City, and in the event of the
discontinuance,of the fiscal agen¬
5
t
t
be
annual ad valorem tax
1.32
21
NOV.
•:/ •
*
.
will
homa City, or at the option of the
holder at the fiscal agency in New
Fox,
1.31
....
28
NOV.
dent of the above-mentioned firm:
hood
ment
National Bank & Trust Co., Okla¬
Company,
1.30
5
.
Nov.
-V
1, 1946.
offering the lowest rate of inter¬
est.
Principal and interest pay¬
Ohio Municipal Price Index
.,.—
bonds.
Award will be made to the bidder
demand for
.
schools
separate
elusive, and $28,000 in 1970.
Government borrowing less money
in the future, there may be more
Date—
.• ••
Each issue is dated Feb.
advanced
the thought that with the Federal
a
election :on
an
'
More¬
Messrs.
at
Due
on
Feb.
1, as follows:
$32,000 from 1949 to 1969 in-
.
?/
com¬
investment'
Dec.
following
that
700.000
over/one astute market appraiser,
1.46
so
bal¬
supply of
municipals is still small, coupled
with
a
great volume of funds
1.45'
IV4S
authorized
Dec. 4.
reductions will not be worthwhile
and the- fact that the
1.30
for
.
mar¬
a
di¬
Feb. 1 from 1949 to 1970 inclusive.
1
Part of the issue of
$4,650,000
thought that tax
1.29
able
•
160.000
New York
Title Guarantee
Inel
,
200,000
Bank
Trust
Rate Bid
1V2%
& Trust Co.
;
Fulton
Int. Rate
.
240,000
—
Empire Trust Company.
Fifth
*
Vh%
360,000
320,000
because
this
12
supply of municipal bonds/How¬
or
date
.
of
19, 1945__
on any interest pay¬
thereafter at par and
accrued interest.
Other bids: -:
1953,
strong
Dec.
is
been expecting an increase in the
1,
is
bination
Dec.
Op¬
ment
ket
illustrated in the
of
is
Very-likely the municipal
bonds,
$1,650,000 series A road and highway bonds.
Due $75,000 on
19
Chairman
budget
of $2,350,000
vided as follows:
—
market
seem
Dec.
011
purchase
was
municipals as a
result of less buying of Govern¬
ments.' :
',/ *'■ '
.
in part on Oct.
or
nation's
bond
Dated Jan. 1,1946 and due on Oct.
1 from 1947 to 1960
inclusive.
Ryan. Sutherland & Co..
■
—
coupon
land, and Fox, Reusch & Co., Cin¬
cinnati, jointly, as l%s, at a price
of 101.30, a basis of about
1.28%.
400,000
Commercial National Bank and
Trust Co.
Continental
$48,000
p.
tional in whole
the
Strength Illustrated
Striking evidence of the marked
strength of the Ohio municipal
compared with
Dec. .20—
2871—were awarded to
William J. Mericka &
Co., Cleve¬
162,
Bidder
Brooklyn Trust Company
United States Trust
Company
York_.
Mills, Ohio
Fahey, Clark & Co
Stranahan, Harris & Co.,
Trust
Company of New York
of New
Co.——100.607
560,000
—
Midland
—
&
refunding bonds offered
v.
5,120,000
2,760,000
2,600,000
Company
Manufacturers
114% Bonds
Bond Sale—The
'*■
120,000
New York
Central
For
Hayden, Miller & Co., and"
Hawley, Shepard & Co.,
jointly
-.—.-....100.84
Gates
Trust Company
Brooklyn, New York
Guaranty Trust Company of
100.169
Isphording
..100.15
Ryan, Sutherland & Co.__100.09
$7,320,000
County
100.196
v..
of
Bank
York
New
,
.
quoted
of
shows
1V4S. ': Another,
Lahr, Doll &
Cruttenden
York
City
\ 9?
Harnman Ripley & Co.,
22,
allotted
was
^
Van
/
.
—___—..100.292
ofT^^V
terest rate of 0.50%. Dated Pec. 21,
1945 and due $20,000,000 April 10,
1948,
...100.38
Savings
Bank, Chicago, and
Fahey, Clark & Co.,
at
•
announced
$40,000,000
—100.463
Co—
Harris Trust &
Bills—Joseph D. Mc-^
retiring
Comptrollerj
Revenue
&
strength.
still
Market
One;
Wm. C. Seufferle & Co.,
in by Justice
Callahan of the Ap¬
sworn
considerable
market
a
..-100.526
First
•
the
Bond
bids until 2 p.m. on Jan. 8 for the
of the
.100.555
*
Stranahan, Harris & Co.,
Tuesday, January 1,1946,
530, Municipal Building,
Manhattan.
100.707
.100.626
Braun, Bosworth & Co.,
of
Oath
_..
Wm. J. Mericka & Co>—.100.622
announced
Comptroller at 12 o'clock
as
noon on
has
__
and
view
O. Okla¬
City), Okla.
Offering — Helen Nix,
County Clerk, will receive sealed
,
yield of 1.34%.
ited
Cleveland, Ohio
Bids—The
$250,000 gen¬
eral building improvement bonds
Sale—The
a
when,
reports
report
recently
pre¬
pared by J. Austin White, Presi¬
(P. O. Canton),
Authorized—It
at
This
support
until
week ago
steadily almost each week
the drop at the end of the
war,
of
sale
bonds.
and interest (A-O) payable at the
Bond
3s, at
issue
ported that the Board of Educa¬
Sinking Fund
Commission, as Is, at par.
Dated
Oct. 1, 1945.
Denomination $1,000.
Due $3,000 on Oct. 1 from
1946 to 1950 inclusive.
Optional
Trust
risen
Ohio
chased by the State
Verona
as
Canton Sch. Dist.
Sch. Dist, N. J.
Bonds Sold—An issue of $15,000
athletic field bonds has been pur¬
interest date.
sold
.a
homa
anced."
today. The indices for 10
stood
since
Purchased—An
hall
higher
The high for 1945 was
1.18%, on
April 25, 1945. The low was 1.45%
on Aug.
22, 1945. The market has
land), Ohio
Verona
any
A
Brooklyn Heights (P. O. Cleve¬
bonds offered for
Cincinnati,
1.12% and 1.44% today.
year ago the index for 20
bonds
with the opinion of
was
yield of 1.29%
Oklahoma County (P.
post¬
Doughton of the House Ways and
Means
Committee
as
"believing
there can be no justification for
any further substantial tax cuts
ago to
.101.07
public
a
1946.
press
follows:
move
after
given
high grade bonds and for 10 low¬
grade bonds rose similarly from
yields of 1.13% and 1.45% a week
.101.20
$3,500
time
er
Weil, Roth & Irving Co
100.37
Assel, Kreimer & Co.—.100.11
certified check for $1,000, payable
to the Township.
on
from
.101.14
Bonds
as
to
be
tion will not be of much, if actual¬
ly of any, consequence for some¬
municipal market dur¬
ing the past week and our index
of the yield on 20 Ohio bonds rose
Ryan, Sutherland & Co._—..101.13
Seasongood & Mayer.....—101.08
Hawkins, Delafield & Wood, of
New York,
that the bonds are
valid and legally binding obliga¬
tions of the Township. Enclose a
Dec. 27
also
may
The opinion is probably rather
generally held that tax reduc¬
in the Ohio
Rate Bid
White & Co
A.
on
continued
to 1.28%
——
The successful bidder will
be furnished
Bids
for, as l^s,
J.
obligations under
the
contract
to
purchase
the
bonds and in such case the deposit
accompanying his bid will be re¬
turned.
bid
Stranahan, Harris &
Co., Inc.
his
of
also
Bidder
law, the successful
at his election, be
may,
relieved
reported
improvement
by the following:
same
type and character shall be tax¬
able by the terms of any Federal
income
tax
construction
poned.
are now
Co.,
Bids —The
$42,000 un¬
bonds
awarded Dec. 8 to Fox, Reusch &
Co., Cincinnati, as IV2S, at 101.214,
a basis of about 1.39%—v.
162, p.
the last
is
Ohio (State of)
Municipals Continue to Advance
—J. A. White &
Dist., Ohio
Monday, December 31/1945
therefore, the financing for such
Foreseen-—It
being
taken to arrange for the issuance
of the following bonds
aggregating
$1,110,000, approved by the voters
on
Nov. 6:
$610,000 storm and
sanitary sewer, and $500,000 street
improvement bonds.
January to authorize a bond issue
to,finance a school building con¬
struction
Ohio
Issuance
reported that steps
vot¬
election in
an
FINANCIAL CHRONICLE
Lorain,
Plans Bond Election—The
amount of
on
DAKOTA
Valley City Sch. Dist., N. Dak.
cept for the amount bid the least
terest
COMMERCIAL.*'
.
.
Capitol High¬
County,
Multnomah
Bond
receive
on Jan.
will
Secretary,
until 3 p.m.
purchase of $240,000
obligation bonds. Dated
sealed bids
for the
eral
-
Denomination
1946.
1,
at
ion
Providence has. express¬
negotiating sepa¬
rately for some of this equipment.
Certain qualifications are included
id the contract, such as the agree¬
ment of the city of Providence to
settle
all
claims arising out of
condemnation of this land by the
United States, including one of
the Washington Park Yacht Club
for 84,000; and permission for the
government
to
utilize storage
space in the yard for a period of
ed interested in
A certified
expense.
own
check for $4,800
must accompany
bid.
the
PENNSYLVANIA
Township (P. O. Box
Harmarville), Pa.
Harmar
356
Offering—Joseph Yelovcan, Township Secretary, will receive
sealed bids until 8 p.m
Bond
.
120
a
legal opinion of BurgChurchill, of Pittsburgh, to
interest
free of charge
will state inter alia
that the bonds are valid and bind¬
ing
general obligations of the
check
City—The Surplus
date
Bj
Property Ad¬
the sale
I., to the City of
$308,093.08, it was
Dec. 4
The sale
made- by the Maritime
Providence, R.
Providence for
announced
will
be
on
disposal agency for
marine
property.
The
transaction
represents
the first
Commissibn,
surplus
:
disposal of a government-owned
shipyard under the Surplus Prop¬
erty Act.
Located at Providence,
the yard turned out 63 Liberty
and Attack Cargo vessels
from 1 $43 to 1945 while operated
by the Walsh-Kaiser Co., Inc.. Its
original cost to the government
was in excess of $10,000,000.
'
Ships
recommended
by the Maritime
Commission and approved by SPA
(1) the federal
government has no further use of
the property; (2) no other offers
for it have been received; (3) dis¬
other purchaser
government in
consider¬
able expense; (4) the sale is in ac¬
cordance with the intent; of the
Surplus
Property Act to give
preference to states and munici¬
palities in acquiring surplus, 'and
(5) the sale would stimulate in¬
dustry and employment. '
f
It is understood
the property
will be used in partial solqtion of
Providence's unemployment prob¬
lem.
In approving Providence's
offer, SPA pointed out that the
$308,093.08 which the government
will receive is the amount de¬
posited
in
condemnation pro¬
ceedings
as
preliminary
pay¬
ment
to
the
City
of "Provi¬
position to
York, and Associates,
the
Price Bid
'
For
be
the
any
from Yhe
days
30
a
certified
the
for
Indep.
Louis B. Henry
and other property owners.
save the Govern¬
ment more than $600,000 which
would have been claimed if an
effort had been made to gain clear
title to the site for disposal else¬
where, as well asam estimated
may
demolish buildings and
:; •
Worth,
& Co.,
/
t
Sch. Dist.,
>
York,
A. C.
Allyn & Co.,
-
.
Oklahoma City, and
f
1
Bond Sale Details—The $400,000 ;
99.41
'2'1/2% refunding bonds recently is¬ Small-Milburn Co., jointly
sued through Emerson, Roche &
Lazard Freres & Co.,
Co., of Austin, bear date of Oct. Shields'& Go.,.
,Y
'
'
10, 1945 and mature on April 10, Lee Higginson Corp.,
,,
;
as
follows: $11,000 from 1946 to
Stranahan, Harris & Co., Inc.,
1948 inclusive; $12,000, 1949 and
A. G. Becker & Co.,
1950; $13,000," 1951; $12,000, 1952;
C-. F, Child.s & Co.,
SI 4 000. 1953; $13,000, 1954; $14,Braun, Bosworth & Co., Inc., ;
>
009, 1955 to 1957 inclusive; $15,- First of Michigan Corp.,
000, 1958 and 1959; $16,000, 1960 to
G. H. Walker & Co.,
o,
Francis I. duPont 8c
Co.,
'
Kerner,
;
Y
r
.
Rambo, Keen, Close 8c
and
>
.,
Stroud 8c Co.,
,
'td
..
:
,i
.
Fox, Reusch 8c Co., and
B.
1965
inclusive;
3 963
$17 000.
to
inclusive; $18,000, 1966; $19,-
009,
in
1969 inclusive: $20.-
1967 to
000,
1970 and 1971, and $5,000
in 1972.
Bond
Mayor,
B. J. Van
Francis I. duPont & Co.,
Offering
r
L.
Davis,
bids
receive
will
until Jan.
A.
—
11
the following
sealed
for the
purchase of
bonds amounting to
99.333
1, I960..,
Ingen & Co.,
Dated
f
V
8c
'
,/ u
.
Sept.il, 1945. Denomination
San
Equitable Securities Corp.,
$135,000 water and sewer revenue
bonds. Due $2,000 in 1947 to
Hornblower & Weeks,
Blyth & Co.,
Dec.
Coffin & Burr,
Paul H. Davis & Co.,
Mercantile-Commerce Bank
awarded to
-y:Y;
.
$3,000 "in
/.7" v
,' 1976.
84,000
.
Y
1952 to 1956,
sanitary
sewer
."
'
•
/
Y
in 1967 to 1972,
Yt and $5,000 in 1973 to 1976. .
$4,000
R. D. White &
Co., and
B. V. Christie & Co.,
jointly
Halsey', Stuart &c Co.,
and
Paine. Webber, Jackson &
Curtis,
$3,000 in 1972 to 1976.
46,000 street improvement bonds.
Due 1,000 in 1947 to 1966, $2,000 in 1967 to 1970, and $3,000
in 1971
to
Dated Jan.
tion $1,000.
1976.
Denomina¬
These are the bonds
1, 1946.
authorized at the election held on
B. J. Van
;
r
•
Ingen & Co.,
Co., Inc.,
Mullaney, Ro£s & Co.,
J. R. Williston & Co.,
*
.
;
'
„
*
& Co.,
'
$2,350,000,
,; -
'
"
(
1V2S—100.10
(P. O. Beaumont), Texas
$275,000 road
bonds offered for sale on Dec. 21
&
Co.,
>
v.
Forf Worth National Bank,
Sale—The
162,
p.
2999—were awarded
syndicate composed of Barcus,
Kindred & Co., of Austin, Chas.
B. White &
Co., and J. Wyllie
to a
,
.
*
Harris 8c Co., both
99.185
i
•
L
1946.
of Houston, as
100.0048, a basis
1.249%.
Dated Jan. 15,
These t .bonds are due on
iy4s, at a price of
df about
Pittsburgh, Esta¬
brook & Co., New York, Strana¬
han, Harris & Co., Inc., Toledo,
Nuveen
&
Ross
Chicago;
Kansas City,
Co.,
Commerce Trust Co.,
& Co., Chicago,
National Bank, of
at a price of
basis of about 1.279%,
The bonds are dated Jan., 1, 1946
and due serially. on Jan.11 from
1947 to 1960 inclusive. Other bids
included the. following: i iV
100.179,
'
;
Bond
'
Son
'
Jefferson County Road Dist. No. 2
.
First National Bank,
W. H. Newbold's
For
Mellon
Halsey, Stuart & Co.,
Fort Worth, as 1.30s,
:
jointly,".
bonds offered
2990—were
p.
syndicate composed
and Fort Worth
Dain & Co.,
and
a
Securities Corp.,
John
t'
.
construction
27—v.
162,
Mullaney,
Moroney, Beissner
Geo. B. Gibbons &
The City will fur-,
Fort Worth,
nish the printed bonds, a copy of
Chas. B. White & Co.,
the
proceedings, the aoproving
C. Edgard Honnold, and
opinion of Gibson & Gibson, of
Leftwich & Ross, jointly._
Atistin, or Chapman & Cutler, of
Chicago.
Delivery is anticipated First Boston Corp.,
by Feb. 15, 1946.>, It is the in ten- 1 Blyth
Co
Sept. 21, 1945.
y
,
McClung & Knickerbocker,
.
Memphis,
;
First National Bank,
J. M.
;
-
Eldredge & Co.,
'
H. V. Sattley 8c Co.,:
First National Bank,'
St. Paul,
'
-
Lehman Bros.,
Blair & Co., Inc.',
sewage
of
; 1
Minneapolis,
99.325
—
disposal plant
bonds.
Due $1,000 in 1947 to
1966, $2,000 in 1967 to 1971,
45,000
pon
Co.,-St. Louis,
Higginson Corp.,
W. E. Hutton & Co.,
Lee
-
Fox, Reusch & Co.,
system
bonds.. Due $2,000 in 1947 to
.1966,
& Trust
f
8c Co., Inc.,
j'
^
.
Bond Sale—The $2,186,000 cou¬
$310,000:
.
Sch. Dist.,-
Indep.
Antonio
Texas
Harriman Ripley
Sept.
'
Y
gality approved by McCall, Parkhurst & Crowe, of Dallas.-v.•Y-f-''
$2,350,000, lV2s —^100.159
For
interest pay-
any
$1,000. Principal and interest pay¬
able
at
the
Central
Hanover
Bank & Trust Co., New York. Le¬
.
Co., jointly,
-r
Estabrook & Co.,
notice,w on
ment date on and after
•>
R. Underwood
and accrued in¬
days' published
terest after 30
—100.00
Barcus, Kindred & Co.,
Miller, Kenower & Co.,
R. J. Edwards, Inc.,
R. N. Eddleman & Co., and
Milton
Union Securities Corp.,
New York,
tional at par
Braun, Bosworth & Co., Inc.,
A. G. Becker & Co.;
•
Hatcher & Co., jointly-
$4,000 in 1974. Bonds matur¬
ing in 1961 to 1974, are op¬
;.
,
——
Milfon R.'Underwood & Co.,
and'
Carthage, Texas
.$9,000 in 1968 to 1973, and
r
•
,
Lazard Freres & Co.,
-
,
•
$650,000, 1V4S, and
$200,000 3s
Newburger, Loeb & Co.,
J. C. Bradford & Co.,
Gruntal & Co.,
*
Co.,
ti
jointly,
For $1,500,000, l%s,
.
19«2
V. Christie &
$6,000 in 1950.
Sept., 1, as follows: $6,000" in
1951 to 1957, $7,000 in 1958
to 1962, $8,000 in 1963.to 1967,
(
{
Wm. E. Pollock &
water
system
..
:
,
'
'
the
Of
175,000 2%% water works and
sewer; system
bonds.
Due
;;
,!
,
?"•.?,
—
works and
bonds.
Due
Sept. 1, as follows: $4,000 in
1946, $5,000 in 1947 to 1949,
sewer
.
Hornblower & Weeks, '
Bank,
Details
$25,000 ,2y2%
.
Kean, Taylor 8c Co.
First National
T exas
Securities Corp.,
Texas
Pharr,
Sale
$250,000 revenue bonds awarded
recently to the Ranson-Davidson
Co., of Wichita, only $200,000 are
being issued at this time and the
remaining $50,000 will be issued
as funds are needed.
The $200,000
block consist of the followingy/ v
Stranahan, Harris & Co., Inc.,
Edv/ards, Inc.,
1951,
'' :y;
Bond
jointly,
For $2,350,000, iy2s —100.578
Vf*'
at
voted
favorably
Edgar Honnold, and
& Co.,
Union
~
bonds was
the election
held recently.
•
McDonald-Moore
Co.,
$4,000 in 1957 to 1961,; $5,000 "Martin, Burns & Corbett,
in 1962 to 1966, $6,000 in 1967 Rambo, Keen, Close &
J'
to 1971, and $7,000 in 1972 to
Kerner,
•
*
.
C.
,
memorial hospital
000
•
Dittmar
Feb. and Aug. 15.4
on
Bonds Voted—An issue of $25
Bacon, Stevenson & Co.,
Fort Worth National Bank,
Dallas,,
R. J.
thereafter
•
Memphis,
New
Investments,
Texas Bank & Trust
10, 1946,- with interest
on
Overton, Texas
McDonald & Co.,
Fort
is
^
$2,150,000, l^s, and
Hemphill, Noyes & Co.,
First National Bank
Bank, Dallas,
%
shipways.
and
$200,000, Is —————100.357
99.659
'
It!
—
by the District Clerk
$200,000 school house
being offered for sale on
the
bonds
Halsey, Stuart & Co.,
Blair & Co., Inc.,
Smith, Barney & Co., and
Offering Details
stated
that
Feb. 10, 1947, and
semi-annually thereafter on Feb.
and Aug. 10; while the optional
chmce of refunding bonds in the
offering would be dated Feb. 15
1946, with interest payable on
Feb. 15, 1947, and semi-annually,
/
jointly,
Investments,
l\i% Bonds
First National
Bond
now
payable
Louis B. Henry
For
associates
associates
•
Milwaukee Co.,
11
Dec.
McCamey Indep. Sch. Dist. (P. O.
McCamey), Texas
dated Feb.
Graham, Parsons & Co.,
99.294
,.r.
$591,450 to
Pittsburgh,
the
at
1)60.^28—v.; !62, p. 2999—will be
Bank
National
Chicago,
Mellon Securities Corp.,
1.20% Bonds
For
Price Bid
Bidder
Phelps, Fenn & Co., and
continued litigation and
Disposal
give herewith a listing of un¬
offers, beginning with
the third highest bid submitted:
successful
First
the
improvement
various
election, a maximum of $3,000,000
are expected to be offered some¬
time in January.,
'
we
Wisconsin Co., Milwaukee,
1
Texas
authorized
bonds
Co., of New York, at a price of
100.019,
a
net interest cost of
about
1.425%—v. 162, p. 2568—
.
Kidder, Peabody & Co.,
John Nuveen & Co.,
would involve the
dence
'
,
Jan
on
Issuance—Of
Bond
$5,694,000
aggregating $2,350,000, to a syn¬
dicate headed by Phelps, Fenn 8c
1.10% Bonds
.
-
connection with
award of the various bonds
Other Bids—In
1.26%.—V. 162, p. 2696:
Bidder—
Texas
Houston,
of about
1.10s, at 98.33 a basis
Lubbock,
Plans
from
Enclose
sale.
Brechenridge
Acceptance of the City of Provi¬
dence's offer to buy the yard was
after it was shown
is offered.
rates should
and
Not
$15,000, payable to
2our ty Judge.
Walsh-Kaiser shipyard-at
the
as
of V\ of 1% for
cost
within
of
check
ministration has approved
of
two
interest
made
v'-Y.
Purchased
Shipyard
Local
& Co., New
due
are
from 1947 to 1962.
99.389
-'
associates--—
"Ferin
Dated
2.496%.
about
bonds
These
100.139
of
1, 1946. Denomination $1,000
and
'
•
,r.
bonds
purposes
1946, to maturity. The
Treasurer.
^Providence, R. /.
various
awarded Nov. 28 to Phelps,
Jan.
associates
First Boston Corp.,
Feb. 10, Northern Trust Co.,
County will
Chicago,
furnish, without cost to the pur¬ Harriman Ripley & Co., Inc.,
■
chaser, the printed bonds and a First National Bank,
certified copy of the proceedings.
Chicago,
Purchaser shall pay for attorney's Mercantile-Commerce Bank &
Trust Co., St. Louis, approving opinion. ^Principal and
interest / payable
at
the State City National Bank &
Treasurer's office. Delivery at the
Trust Co., Kansas City,
> 1
Austin National Bank, Austin.
It Cruttenden & Co.,
is expected that delivery can be W.. E. Hutton & Co.,„
Y
net
Department of In¬
,„«w,
.
the rate of in¬
Each bid shall s^ow
named.
RHODE ISLAND
'YYY,
interest
than
more
Affairs. Enclose a certified
for $700,~ payable to the
Township
sealed
bid not less than par
a
accrued
payable as to both
principal and interest from ad
valorem taxes levied upon all the
taxable property therein within
the tax liniits prescribed by law.
The sale of these bonds is subject
to the approval of the proceed
the
000,000
as
basis
a
and
Smith, Barney & Co.,
—
Following other
submitted for the $4,-
,PallnS17~v<at162>price 2872—were
P2y2s,
a
of 100.032,
sold
Bonds
1,30%
on
Richer, Pierce & Co.,
t0
98.914
For
$40,000
awarded
bonds
house
school
jointly
Bids
were
thereafter.
date
paying
terest in multiples
which
Township,
by
Other
10, 1957, or on any
Bidders shall name
purchaser,
ternal
R.
Indep. Sch. Dist., Texas
Sale Details—The
Bond
Co., and
A. Underwood & Co.,
Dallas, Texas
bids
La Feria
Dittmar &
will be con¬
sidered.
Enclose a certified check
for $6,240, payable to the City.
2% for the tax bonds
Goldman, Sachs & Co.,
(P. O. Beeville), Texas
Offering—R. J. Beasley,
terest on Feb.
Their opinion
ings
be
14 for Milwaukee Co.,
road bonds. Illinois Co., Chicago,
Due Feb. Stern Bros. & Co.,
10, as follows: $20,000 in 1947 to Newhard, Cook & Co./
1951. $25,000 in 1952 to 1958, $50,- Dempsey-Tegeler & Co.,
000 in 1959 to 1965, $60,000 in 1966, McDonald-Moore & Co., and
and $65,000 in 1967. Optional for William R. Compton & Co.,
98.099
Inc.
jointly—
redemption at par and accrued in¬
favorable
win &
will
rates
two
McClung & Knickerbocker, joint¬
ly, for $107,000 iy2s, and $168,000
iy4S at a price of 100.014.
Co.,
Kebbon, McCormick &
Eldredge & Co.,
Weeden & Co.,
Julien Collins & Co.,
R. S. Dickson & Co.,
15, from 1947 to 1956. The
highest bidder was the DalTrust Co., Dallas, and
lasUni°n
Blodget, Inc.,
purchase of $750,000
Dated Feb. 10,
1946.
to
Principal and interest payable at
the National Bank of Springdale.
The
Township will furnish the
the
a
Smith, Rarney & Co.,
County Judge, Will receive
bids until 2 P.M. on' Jan.
multiple of Yi of 1%, and must
be the sameYor all of the bonds.
'
than
more
For
Bee County
Bond
next
named, and no rate in excess of
3%
for the revenue bonds and
days.
TEXAS
(EST) on Jan. 8 for the purchase
of $35,000 sanitary sewer coupon
bonds.
Dated Jan. 1, 1946.
De¬
nomination $1,000. Due Jan. 1, as
follows: $3,000 in 1948 to 1952, and
54,000 in 1953 to 1957. Bidders
name
the rate of interest in
No
Mayor of
July 1, 1955. Bidder to name rate
of interest and furnish legal opin¬
,
bring
March
Pittsburgh,
Salomon Bros. & Hutzler,
Stone & Webster and
interest
price of
lowest
approximately but not less than
par and accrued interest. Bidders
shall name the rate or rates of
interest in multiples of Vs of 1%.
and
tools which cost the government
an
estimated
$15,000,000.
The
serially on July 1 from
will
Mellon Securities Corp.,
Commission to sell
the
at
that
cost
machinery
removable
and
$1,000
bonds
the
costing originally around $10,000,000.
Excluded are inside cranes
geriFeb
1947
to 1975 inclusive.
Bonds matur
ing after July 1, 1955 are callable
at
par
and accrued interest on
any interest
payment date after
Due
tion of the City
land, buildings, launching ways,
outfitting piers, wharf, .water and
sewer
mains, underground elec¬
trical
conduits ^ and spur tracks
Dist. (P. O. Portland), Ore;
Offering—R. HY Walker
way
District
transaction are.
Included in the
)
3247
COMMERCIAL & FINANCIAL CHRONICLE
THE
Number 4451
162
Volume
a
.
For 1.35%
Bonds.
;
.
Goldman, Sachs & Co., u
•
,
Phelps, Fenn & Co,,
•
Milwaukee Co., Milwaukee,
1~
Newhard, Cook & Co., and
MgDonald & Co., jointly—_100.013
.''."".V
/ '
For 13^% Bonds
Harriman Ripley 8c Co,,
■
Inc.,
Blyth &' Co.,
Mercantile-Commerce
Bank & Trust Co.,
St.; Louis,
VJ
..
:
;
'
,
'
•
Paine-RiCe & Co.,
Michigan Corp..
First of
$364,000, l%s, and
$546,000, Is
—100.079
(Net interest cost 1.176%.)
First Boston Corp., and
Wm. P. Harper & Sons & Co.,
it. J. Edwards, Inc.,
—
;
Texas Bank & Trust Co.,
Dallas, and
Moroney, Bisner Co.,
jointly
100
409
,
For
;
1.40% Bonds
>
Lehman
Bros.,
Stone & Webster and
Oroville, Wash.
Bond Sale Details—The $15,000
13A%
general obligation water
bonds sold in November to Harris,
Lamoreux & Norris, Inc., of Seat¬
Blodget, Inc.,
...
Kidder, Peabody & Co.,
Merrill Lynch, Pierce,
•
.
,,
Fenner & Beane,
Equitable Securities Corp.,
Graham, Parsons & Co.,
and
•
.
'
;
Co., jointly.100 329
Stern Bros. &
Northern Trust Co.,
tle, at a price of 100.33, bear date
of Aug. 1, 1945 and mature $1,500
on
Aug. 1 from 1947 to 1956 in¬
clusive.
Optional after 3 years.
The
same
bond house previ¬
ously purchased an issue of $13,2% water revenue bonds, at
Chicago/
First Boston
jointly,
For $364,000,1.90s, and
$546,000, Is
.—100.05
(Net interest cost 1.186%.)
Corp.,
Inc.,
■
-J" <v.-'
Eldredge & Co.,
City National Bank &
Trust Co,, Kansas City,
Illinois Co., Chicago, and
price of 100.33, a basis of about
dated Aug. 1,
1945 and matures at the rate of
1.93%. This issue is
■
.
1946
1 from
annually on Aug.
$1,300
"
to
jointly. ...100. 327
Tyler, Texas
Price Paid—The account headed
Treasurer, has announced, that va¬
rious bonds of local improvement
Louis B.
Henry
Investments,
by the Citizens National Bank of
Tyler, which recently purchased
$50,000 \}h % fire station bonds,
paid a price of par for the issue
The fol¬
lowing bonds amounting to $150,000 that carried at the election
held on Sept. 29, 1945, have been
approved as to legality by W. P.
Dumas, of Dallas:
V;
$50,000 2Y2% and 3% street im¬
provement bonds/
:
70,000 2x/2% and 3% sewer sys¬
tem improvements bonds.
30,000 2Vz and 3% water works
improvement bonds.
AIT these bonds are dated Nov.
1, 1945.
were
rector of
awarded:;
On Nov.
:
,.
'-"'C; "
Wylie Indep. Sch. Diet., Texas
Legality Approved — An
issue of $43,500 refunding bonds
bearing date of Dec. 1, 1945, has
sen approved as legality by W.
Bond
3
Avalon
•
Way,
et
Birmingham, Ala.
Birmingham, Ala.
Indianavpolis,
11,000
'39,000
St., Dist. No. 5366,
partial payment gf
;
•.
,
On Nov. 23
West Othello St., et
1,000
al, Dist. No.
To the
On Nov. 27
9,000
16
19,000
Jersey City, N. J.
17
28,000
Jersey City, N. J.
$150,000
awarded on
30 to the Dallas Union Trust
1
Nos.
Nov.
Co., of Dallas, as DAs, at a price
of 100.164—v. 162, p. 2872—mature
May 1, 1947 to 1952.
Net income basis of about 1.207%.
The
next' highest
bidder
was
Crummer & Co., for lxAs, at a
$25,000
on
price of 100.027.
West, Dist. No, 558£,
To Halsey,
Bond
000
construction
was
&
S. W., et al, Dist. No.
5422, Nos. 150 to 161.
Ashworth Ave., Dist. No. 5484,
21
a
19 to 21.
Bond
Dist.
$910,-
000 water revenue bonds awarded
recently to a syndicate headed by
.
Nos. 154 to 158;
2568—were sold at a price of
i00.30,
for
$455,000
maturing
No.
$91,000 Dec. 1, 1947 to 1951, as Is,
$455,000 maturing
$91,000
Dec. 1, 1952 to 1956, as NAs. This
corrects the report carried in a
and
previous issue. Dated Dec. 1,1945*
Other bidders were as follows:
Bidder
Price Bid
west
virginia
West
Virginia Board of Control
(P. O. Charleston), W. Va.
Bonds Publicly Offered—Public
Shields & Co.,
Harold H. Huston & Co.,
Fordyce & Co.,
Chas. N. Tripp & Co.,
offering of
$299,000
refunding
bonds, described below, is being
by Widmann & Co., of Cin¬
Atkinson-Jones & Co., and
made
National Bank of Commerce,
cinnati:
Seattle, jointly,
For
$910,000, l*4s
(Net interest cost 1.173%.)
John Nuveen & Co.,
Grande & Co.,
E.
H.
Rollins & Sons,
J. M. Dain & Co.,
Hartley Rogers &
Co., and
100.496
.
Cochran, Murray & Co."..100.51
Collier, Norris & Quinlan. 100.50
3
8-1-56
John Graham & Co. .....100.00
3
Highway
_
8-1-59
Burns Bros. & Denton ...100.493
quebec
Sherbrooke,
3Y4 2-1-49
State of Mississippi
Highway -—-i_
To Salomon Bros. & Hutzler, of New York:
,
aj 105.77
Salt RiverProj., Ariz.
19,000
To
the
Ag. Imp. & Pr. Ref. 6
National Bank, of New
at 104.01
Chase
Bond
1-1-47
York:
3Y4 6-1-47
6,000
Spartanb'g
Co.,S.C.
28
15,000
Spartanb'g
Co., S. C.
Refunding.
Co., S. C.
2% 5-1-47
in
——
Spartanb'g
15,000
Co., S. C.
Refunding.
2% 5-1-49
— —
2% 5-1-50
Spartanburg, S. C.
5,000
3
School
1-1-47
penditure
for
improvement
$247,000 State University, Wom¬
en's Dormitory Revenue, 2%
bonds. Due Jan. 1, as follows:
$12,000 in 1947 to 1951, $13,000 in 1952 to 1955, $14,000 in
1956 to 1958, $15,000 in
19^9 to
1961, and $16,000 in 1962 to
1964.
o
f
and
Wisconsin's
principal highway systems will
approximately $81,000,000,
according to the state highway
total
commission.
report, the com¬
that most of
estimated
the
expenditure will be for new
construction, to replace worn out
or
obsolete
roads
and
to
build
roads
made
necessary
by
shifting traffic trends.
In
addition, the report said,
other roads must be adjusted to
oresent
transportation demands.
"Many miles of road will have to
be increased in capacity and im¬
new
in
safety
features," the
and
commission asserted.
"From
the
ment
beyond that now
found on
1948,
$3,000
in
1949
purchase bonds.
Due Nov. 1,
as
follows: $1,000 in 1946 to
1949, $2,000 in 1950 to 1953,
$3,000 in 1954 to 1953, $5,000
in
1959
1961,
1965.
and
and
1960,
$8,000
Issued
in
under
$6,000
in
1962
to
By-Law
No. 648.
commercial vehicles.
preful and thorough study." ,* -
to
1950, $4,000 in 1951 and
75,000 machinery and equipment
As traffic increases
in volume to equal and exceed
prewar conditions, facilities must
be provided to relieve congestion
and to permit freedom of move¬
ment for all types of vehicles, a
large
part of which, will be
transportation problems
in cities are of such magnitude
and complexity that they are a
challenge which must be met by
in
.
$6,000
streets.
"The
$7,000
1952, $5,000 in 1953 to 1958,
in 1959 to 1962, and
$8,000 in 1963 to 1965. Issued
under By-Law No. 647.
standpoint of mov¬
ing traffic," the report continues,
"the main rural highways have
attained
a
degree of improve¬
city
/.
In its biennial
mission
proved
1950,
98,000 land purchase bonds. Due
Nov. 1, as follows: $2,000 in
1946
Highway Modernization
Program Announced—Initial ex¬
Huge
and
to
1956,
$21,000 in 1964 and 1965. Is¬
sued under By-Law No. 646.
Co., of New York:
at 104.13
31
1949
1953, $9,000 in 1954
$11,000 in 1957 to
1959, $16,000 in 1960 and 1981,
$19,000 in 1962 and 1963, and
to
at 107.77
To Glore, Forgan <Sr
parks,
1951
Refunding —-2% 5-1-48
Refunding
follows:
as
street widening,
sewers
and
improvements
bonds. Due Nov. 1, as follows:
$5,000 in 1946 to 1948, $6,000
at 106.34
Spartanb'g
further described
$220,000
at 104.68
15,000
headed by the Bank of
a price of 100.65, as
group
Corp., jointly:
—
$393,-
Montreal, at
at 102.82
27
Que.
Details—The
previously noted in v, 162, p. 3000,
are
State of S. Carolina
Highway _i
To the Milwaukee Co., and the Equitable Securities
20,000
Sale
000 3% bonds awarded Dec. 10 to
a
'
modernization
Bank,
Portland,
100.56
Midland Securities, Ltd. .100.53
2% 8-1-58
80,000
30
3402, Nos. 657 to 663; Dist. No.
'561, Nos. 452 to 457; Dist. No.
1982, No. 14, and Dist. No. 3797,
Nos. 47 and 48.
-—
Anderson & Co.
—2% 2-1-58
.
No.
■
.*—-101.46
.101.3398
—
Daly & Co.
at 107.11
26
4500, Nos. 180 to 185; Dist. No.
1027, No. 27; Dist. No. 4022, No.
'2; Dist. No. 4290, No. 19; Dist.
No. 4342, Nos. 172 and 173; Dist.
No.
jointly
R. A.
State of Mississippi
Highway
of Chicago:
100,000
29
Dist.
Dominion Bank of Canada,
at 116.559
23
Dist. No. 4165, No.
4269, No. 6; Dist.
10;
p.
—
and
Highway
State of Mississippi
92,000
No.
Blyth & Co., of Seattle, at a net
interest cost of 1.127%,—v. 162,
First National
22
No.
Dist.
10-1-52
at 114.569
•
-
19 to 21.
bonds:
101.53267
Ltd., jointly
Wood, Gundy & Co.,-—
To John Nuveen & Co.,
3183, Nos. 415 to 425;
3444, Nos. 752 to 776;
Dist. No. 4011, No. 39; Dist No.
1895, No. 15; Dist. No. 4157, Nos.
158, 259 and 260; Dist. No. 4282,
Nos. 42 and 43; Dist. No. 4003,
<
Everett, Wash.
Sale Details—The
Dist. No.
'
.v
,
Nesbitt, Thompson & Co.,
Highway
State of Mississippi
162,000
'i
the following matured
washington
and
Dominion Securities Corp.,
Water Funding-- 4% 12-1-46
N. J.
State of Mississippi
that cash is available to apply on
1946 and due
Price Bid
Montreal,
—.4
Hospital
at 113.129
W., Dist. No. 5489,
i
24
Alley, Block Nine, First Sub.
Washington Park Addition, Dist.
No. 5529, Nos. 7 and 8.
25
The
Treasurer
also
reported
Co., Chicago, as l^s,
Various —.—I 3% 7-1-49
Shields & Co., of New York:
at 112.609
33,000
5492. No. 16.
price of 100.06. Dated Jan. 1,
on July 1 from 1947
to 1955 inclusive. Interest J-J.
at
To
9th Ave.,
awarded on Dec. 21 to Barcus,
Kindred
an
Imperial Bank of Canada
Pressprich & Co., of New York:
Kearny,
15,000
19
20
bonds
building
W., et al, Dist. No.
On Dec. 12
Nos.
101.615, at
Royal Bank of Canada,
36th Ave., S.
$200,-
Halifax, at a price
average basis of
about
2.03%—v.
162, p.* 3123—
also received the following bids:
'
at 104.432
35th Ave., West, et al,
Lake City), Utah
issue of
Sale—An
3% 7-1-47
3% 7-1-48
——
Stuart & Co.:
3
University Way, Dist. No. 5209,
Nos. 107 to 109.
utah
The
Nova Scotia, of
of
108.593
Jersey (Jity, N. J.
20,000
1773, Nos. 378 and 379.
Nos.
University of Utah (P. O. Salt
18
To R. W.
42nd Ave.. S.
—
debentures
"
to 3.
On Dec.
Details
.various
$176,300
awarded recently to the Bank of
at 114.83
S. W., Dist. No. 5585,
.
,
6-1-47
6-1-48
6-1-49
6-1-50
6-1-51
6-1-52
Bidder
Various
at
On Nov. 30
road bonds
4*4
4x/2
4x/2
4y2
Plant Rev.
4%
Plant Rev.__ 4V2
Plant.Rev...
Plant Rev.__
Plant Rev.__
Plant Rev.-_
Ont.
Sale
Debenture
at 106.62
No. 4.
Bond Sale Details—The
none)
Various
Jersey City, N. J.
Block 26, DennyFuhrman Addition, Dist. No. 5516,
36th Ave.,
b^sis 2.67%,
at 104.31
Nos. 1 to 6.
scries 2.
or
National Bronx Bank, of New York:
The Alley, in
Yoakum County
Net income
Ottawa,
Gas
Gas
Gas
Gas
Gas
Gas
Ind,
Ind.
15
31st Ave.,
Road Dist. No. 1
Plains), Tex.
(All
Ind.
Ind,
Ind.
Ind.
5542, Nos. 12 to 15.
of Dallas.
(P.O.
Gas Utility Rev._ 3Vs 6-1-57
112.397
Indianapolis,
Indianapolis,
Indianapolis,
Indianapolis,
Indianapolis,
Indianapolis,
9,000
2,000
8,000
8,000
10,000
<
15, as follows: $352.28 in
1946, $361.96 in 1947, $371.92
1948, $382.14 in 1949, and
$392.66 in 1950.
Nuvjpen & Co., of Chicago:
at
West Newton
Dec.
in
Gas Utility Rev.- 3x/8 6-1-56
Indianapolis, Ind.
To John
improvement by
1792, debentures. Due
law No.
at 116.018
50,000
local
1,860,96
Gas Utility Rev.- 3Vs 6-1-55
Indianapolis, Ind.
50,000
No.
On Nov. 20
No. 4.
Utility Rev.. 3yg 6-1-54
at 115.698
„
100.
and
999.56
in
1951, $3,788.34 in
$3,892.52 in 1953, $3,in 1954, and $4,109.55
in 19o5.
Gas
Ind.
Indianapolis, Ind.
17
Unit
2, District No. 5511, Nos. 92
3,
1952,
at 115.418
A On Nov. 19 .
Laurelhurst Trunk Sewer,
No.
686.95
1-1-57-47
3
...
at 114.668
-
to
improvement, by
1794, debentures. Due
Dec. 15, as follows: $3,219.27
in
1946,
$3,307.80
in
1947,
$3,398.77 in 1943, $3,492.24 in
1949, $3,588.27 in 1950, $3,-
law No.
-
Refunding
in 1960.
local
36,483.27
ities Corp., jointly:
5526, Nos. 19 to 25.
No.
$264.71
Rate Maturity
&■
in 1952, $218.93
1953,
$224.95
in
1954,
$231.14 in
1955, $237.49 in
1956, $244.02 in 1957, $250.73 jj;
in 1958, $257.63 in 1939, andf
Barney & Co., of New York, and the Equitable Secur¬
To Smith,
al., Dist.
Dist.
1951, $213.07
New York:
Chicago, 111. Bd. of Ed.
50,000
imprpvement, by
1793, debentures. Due
in
Nov. 14, the following were
at 102.822
4
local
1946, $186.04 in 1947, $191.16
1948,
$196.42
in
1949,
$201.82
in 1950,
$207.37 in
Capital Imp. Ref. 3% 4-1-50
Capital Imp. Ref. 3
4-1-58
Capital Imp. Ref. 3
4-1-59
Birmingham, Ala
recently to the Midland
in
Purpose
To R. W. Pressprich & Co., of
13
al,
on
$41,-
debentures
Dec. 15, as follows: $181.06 in
!
Name
$12,000
40,000
10,000
5532, Nos. 74 to 94,
On Nov.
-
Amt.
Item
offered
-
various
law No.
Stranahan, Harris & Co., Inc., of Toledo:
at 112.31 (All or none)
To
1
^
2%%
$3,306.54
Investments, State Annuity and Investment Board, that of
the various municipal bonds
Details—The
Securities, Limited, of - London,
Ont,. at a price of 100.40—v. 162,
p. 3000—mature as follows:
(State of)
Portfolio Bonds Awarded—It is reported by Albert Trathen, Di¬
V
West Viewmont Way et
650.77
Hill, Ont.
Sale
awarded
^
Chicago.
State Treasurer's
Bond
wisconsin
called for payment
follows:
—
fy'-'
• •
as
No.
Texas
Winnsboro,
Legality Approved
districts
.
I
ontario
Forest
Wisconsin
2
1955 inclusive.
Seattle, Wash.
Local
Improvement
District
Bonds Called—H. L. Collier, City
,
the
at
1945
CANADA
Revenue,
Dormitory
payable
a
'
,,
office, through the Kanawha Val¬
ley Bank, Charleston, or at the
1 x/2 % bonds.
Due Jan. 1, as Chemical Bank & Trust Co., New
These
bonds are
special
follows:, $17,000 in 1965 and York.
1966 and $18,000 in 1967.
obligations of the State, payable
Dated Jan. 1, 1946.
solely from the revenues to be
Denomina¬
tion $1,000. Bonds maturing after derived from the operation of the
Jan. 1, 1951, are subject to call on Dormitory, including Dining Hall
said date, or on any interest date facilities, and are secured by an
thereafter and prior to maturity, irrevocable pledge of said reven¬
ues subject only to the reasonable
in whole or in part in inverse or¬
cost of maintaining, operating and
der pf maturity, at par and ac¬
crued interest, plus a premium of insuring the project. Legality ap¬
3%, Principal and interest (J-J) proved by Chapman & Cutler, of
en's
000
Braun, Bosworth & Co.,
Monday, December 31,
Wom¬
University,
State
52,000
jointly,
For
'Kebbon, McCormick & Co.,
Hornblower & Weeks,
.
CHRONICLE
THE COMMERCIAL & FINANCIAL
:248
Dated Nov, 1,1945.
Denomina¬
tions $1,000 and $500:
Principal
payable/at the Bank
Montreal, Sherbrooke, Montreal
and interest
of
or
Quebec,,
■
@FedFRASER