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MONDAY
DEC G
' «n
.
1943
#
ommatCL&L an
Volume
Pat
Office
Price
York, N. Y., Monday, December 6, 1943
New
Number 4235
158
S.
U,
Reg.
Abbott Laboratories (&
9 Months Ended
charges and
After
(also
taxes
*1942
'
$1,602,406
$2,00
1943
-
$2,206,521
$2.80
755,519 shares of common stock.
from
ry., oper.
40
of
cents
cents per
10
share
per
158,
941.
p.
ry.
October—
1,036,104
587,316
370,532
126,740
182,714
,171,024
15,975,232
7,843,742
1,594,459
9,000,960
3,403,928
1,916,050
6,764,559
2,190,330
railway——
income—
2,467,254
from
Net
ry.
oper.
1,364,515
158, p. 1725,
%
selling,
admin,
expenses-—-'
Operating
Other
income____
118,158
$3,363,309
$3,960,846
etc
801
85,711
99*287
107*497
:
51,977
forgo, exch.. net
and forgn. inc. tax
Fed.
438,993
§$585,052
903,271
Stock
Boston
181,974
$1,660,750 §$1,510,042
"A 753,8A
753,813
*2,725,000
Stock
•
Dividends
-'——-a
.Surplus
slj,
>rn,-.per
753,813
.
$374,536'
'Includes
debt
Exchange...
credit
excess
and $133,000
company.
banks and on hand
less
receivable,
Accounts
4,896,134
6,267,844
407,868
5,256,126
413,696
279,944
58,241
111,694
policies--—.
188,254
securities-————A__A— ) 163,297
Post-war refundable portion of taxes—A—J138,920
Non-oper.
properties, reduced to. approximate
174,357156,633*
3,427
costs,
life
exp.,
etc
,
to
charges
of
Value
-A--——''
—
of
'Balance
~—
,
insurance
Miscellaneous
value
assessment
and
in
Investment
■
and
equipment
.
2,361,259
and
Patents
56,034
77,007
The Course of Bank Clearings
Total
$719,051
payable—--;—————A-A-—$1,284,603
Accounts
accruals
Statement
—a~-— -A)A'"
——;
—
•
—
Stock and Bond
3,103,000
568,594
300,000
1,000,000
' 2,000,000
500,000
1,146,420
1,021,485
7,538,130
-------——x——w——i—- 569,379
—————3,986,480
7,538,130
569,379
Operating expenses
3,611,944
Provision
income taxes
(est.)
payable——--'————A—
sinking fund debentures—,T—-g-
notes
15-year 3 A
10-year 314sinking fund debentures.———
Reserves for conting; and insurance, etc
Capital
stock
surplus
Earned
surplus
tCapital
.
of Federal
of
etc.,
———
——
of
'Balance
Alabama Power Co.
included
costs,
expenses,'and
$23,529,910 $20,249,424
expenditures for
revenue
by
Federal'
Note—Above
to be included in terminating claims against the
for contracts cancelled prior to completion,
tRepreshares (par $101 (not including 6,400 shares in
'
balance - sheet includes Canadian subsidiary.—V. 158,
Gross
Int.
for
1629.
♦After
per
taxes——
sharej
1725.
$0.50
$2.03
$1.93
common
per
31.536
549,875
955,445
Earnings—
RR.
Alton
1943
1942
1941
1940
$3,050,083
$3,161,804
$1,787,678
$1,572,918
1,071,846
from
ry.
1,412,611
624,586
516,925
426,387
railway-—
199,470
income—
oper.
.
from
Net
railway-^.--
30,922,073
12,632,315
145,961
18,535,944
4,532,485
1,678,172
9,124,205
3,309,014
3,869,828
oper.
ry.
158, p.
"Loss.—V.
/; Aluminium,
The
It
is
into
company
.
234,882
25,323,765
railway-—,—
income—
from
Gross
,Net
•
,
railway—_
from
13,563,872
2,431,707
*186,437
From Jan. 1—
>
1725.
Ltd.—Issues Booklet—
announces
,
that it has issued an album,
of its family.
of a basic Canadian industry
e&ploration, development and
more useful
to more people, the
picture story of the extension
other British regions—a story of
a
make light metals
said.—V. 158, p. 1725.
to
research
' .i
announcement
Amalgamated Leather Cos.,
1943
shr, on 351,389 shrs. com.
charges
and
Federal
stk
income
$42,215).—-V. 158, p. 542.
$711,790
-
'
61,391
$9,196,900 $11,401,500
8,063,923
4,067,910
$1,110,847
312,921
701,116
Divs.
$398,869
—:
Balance
-V.
158,
$209,787
'
$5,128,989
2,268,985
$3,337,571
189,082
$220,648
$2,860,003
$1,056,252
$409,730
■
189,082
preferred stock
on
'
$0.23
2,281,319
Allegheny Ludlum Steel Corp. (& Subs.)—Earnings—
Period End. Sept. 30—
profit
per
1943—9 Mos.—1942
$3,634,771
$2,874,626
$2,76
$2.17
1943—3 Mos.—1942
$1,051,452
;
share—
$0.79
$904,370
$0.68
charges and Federal income and excess profits taxes.
Note—Federal
income
taxes
for
,
the
first
i.
"ft
$86,208;
^
.
-
+
1942,
"
.
Federal
after
Profit
$876,500
158,
p.
and
1725.
$10,832,900,
"
'
respectively, in
"
'•
"
fOn
;
profit
Net
Earnings
per
—
com.
provision
after
Sept. 30—
expenses..,-—
Depreciation
Fed.
Net
profit
nine months of
1943
were
"After
$717,625
$0.91
———-
share$485,000
2,400,410
1,682,785
$0.97
necessary
for
Federal
excess
19431942
1941
$23,822,971 $20,093,174 $19,393,769
8,296,930
5,431,480
5,020,317
1,040,032
and obsolescence-.
per.com,
^"company
passenger
-
—
tax
1,176,900
*"
*1,84.7,100
1,812,250
wH
*5,210,000
"**
and excess profits
deducting
$762,817
2,290,974
(& Subs.)—Earnings—
—j.
income
$3,909,789
<■
.
,2
revenues..—
'In tcrcst'
2,095,373
considered
was
1941
1942
$4,041,652
2,319,708
2,430,695
» 1,667,878
———;
.
$1,016,338
share—$1.29
American Airlines, Inc.
Net
/
3,027,458
3,111,711
taxes,—V, 158, p. 736.
profits
Earnings
with
the like period of 1942.—V,
" 5
' 1
.
'
1943
—;
drill, expenses, etc.—
Depr., depl.,
(& Sub.)—Earnings—
$4,948,440
tax
income———:
Total
.
$902,900 and excess profits taxes totaled $13,805,300 as compared
(1943,
Amerada Petroleum Corp.
Operating
"Net
on
Quarter End. Sept. 30—
Gross operating income—
9 Mos. End.
1821,
p.
1,259,901 shares of common stock.,
$80,871
$0.36
—
taxes
T
income-A
Inc.—Accrued Dividends—
declared a dividend of $2 per share on account
the fi'A cumui. conv. preferred stock, par $50,
have
accumulations
payable Dec. 7 to holders of record Nov. 29. A further dividend of
$1 per share on account of arrearages on this issue was also declared,
payable Jan:' 1 to holders of record Dec. 20.
Payments so far made
during the current year were as-follows: March 10, May 28, June 28
and Aug. 12, 50 cents each; and Oct. 7, $l., In 1942, only one payment
of 50 cents, was. made on April 1.—V. 158, p. 542.'
1943—12 Mos.—1942
3,808,266
and other deducts.*
"After all
1942
*$127,521
514,812
directors
The
of
.-..2295
profits tax
exc.
tEarnings
Appliance Corp.- -Earnings—
Ended Sept. 30—
profit
-Earn,
*$270,323
dividends
Note—No
'
.
Air-Way Electric
♦Net
"$19,889
59,710
200,000
♦Surplus.—'V. 158, p.
$2,443,093 $29,829,970 $28,173,507
9,380,755
9,972,478
816,148
2,977,505
3,156,000
250,000
2,850,202
2,795,363
910,429
1,492,686
'•'* 266,0,98
265,600
deprec——
Net income
Aetna Ball Bearing- Mfg. Co.—Renegotiation—;
Stockholders have been notified that renegotiation of company's war
contracts for 1942 has resulted in reduction of $137,065 in net profit
for
that year, or from $251,576 to $114,511, after giving effect to
related adjustments in provision for Federal income and excess profits
taxes, including post-war refund.—V. 158, p. 1142.
9 Mos.
$320,630
280,572
—
$298,454
Earnings
-Earnings-
1,100,474
—
or
753,813
treasury).
p.
————_L—
31,810
,
taxes
contingencies—
for
Deficit
•
—2295
1943—Month—1942
$2,592,676
———
Federal income taxes___
equipment, tools,
U. S. Government
sented
$1,288,069
1,268,180
$1,225,768
919,084
$810,836
profit———————L
Net
Common
Banks of
Member
...
Period Ended Oct. 31—
Gross
General
Total
$1,807,179
income
Provision
1,534,700
808,844
300,000
700,000
2,000,000
500,000
214(1
$2,1.74,949
90,725
796,155
96,343
charges—
\
.2295
:
Statement
System.
Auction Sales
—A
foreign
and
$1,747,439
-
Exchange....2271
Y. Curb Exchange.——2271
Averages
..2271
Transactions N.
Agents' and salesmen's credit balance,— -—.
Principal amount of 2V*'/> notes, due currently
Federal
$2,101,621
'
173,328
Federal
2295
Reserve
100,186
—.''
contract obligation—97,226
Supply
Condition
.781,628*
4.328
1,495,828
———
income
Deferred
$714,493
income—
income.—
Total
1941
$9,396,215
7,648,776
8,977,290
Transactions N. Y. Stock
Liabilities—
Sundry
$2.31
1942
1943
income-——————
Net
Reserve Banks
$23,529,910 $20,249,424
——
....
Foreign Exchange Rates
Federal
$1,852,844
6,931,670
Income
..2289
2288
Declared and Payable...
Condition
$2,064,397
$2-57
$7,646,163" $11,078,911
depletion—j—L—
and
Operating
Other
Net
Combined
for patents, trademarks
A
- —
other expenditures (not)
-——
goodwill
,
,
sales
Depreciation
News_2245
State and City Bond Offerings and Sales_._2301
Redemption Calls & Sinking Fund Notices.2289
692,073
107,759
4,338,434
2,361,254
——
-
Not
Alpha Portland Cement Co.—Earnings—
Miscellaneous Features
applications
Patents,
■
691,767
95,301
4,387,804
,
machines, incl. parts, less reserves..
and
$7,614,451)
5,550,054 ( Available
share—
com.
12 Mos,End. Sept. 30—
General Corporation and Investment
Dividends
'
profit———--—A-—-A-1
per
*1942
1943
Sept. 30—
October-
250,349
Earnings—
(& Subs.)
.A—"—'
alter charges
(
income„and excess proiits taxes-
Gross
subs,
—--A-~
consolidated
not
Rental
Plant
foreign
to
advances
f
249,796
—————————.
r' ,•
.
profit
Net
2285
Montreal Curb Exchange
2285
Toronto Stock Exchange.
..2285
Toronto Stock Exchange—Curb Section—.2287
Over-the-Counter Markets
2287
V; .1942
$1,072,290
5,549,358
;——_
reserve-,
.
.
Exchange.
Stock
Montreal
operation.—Az-—--.AA365,535
Sales agents" accounts for merchandise^--—203,855
Employees' loans and accounts
46,273
Agents' advance commission-—.—iv———.—
64,168
Inventories
Deferred
—
St. Louis Stock Exchange
July 31
1943
$2,292,576
81, ;
p.
Net
2281
2284
2284
2284
Pittsburgh Stock Exchange
Year-End Div.—
>Revised—V, 158, p. 2149.
...
Assets—
in
Stock Exchange
Philadelphia Stock Exchange
Los Angeles
refund) of $2,274,500.
1940 for Canadian subsidiary
Consolidated Balance Sheet,
Cash
Exchange
Stock
Detroit Stock Exchange.
post-war
$32,229 in 1941 and $11,333 in
^Includes
Cleveland
$132,764
$756,229
$2.00
$906,937
$2:20
158,
Earnings
.2282
...2283
.2283
^2283
Cincinnati Stock Exchange
452,288
$0.77
profits tax (after deducting $120,000
provision for
retirement
/
$1.50
common-
"
1935.—V. 157, p. 2341.
that the directors have
$1.50 per snare on the
common stock, payable Dec., 20 to holders of record Dec. 10, but took
no
action on a special year-end dividend.
On Dec. 19, last year, the
company paid a year-end dividend of $1 per share, and on Dec. 27,
1941, Dep. 27, 1940, and Dec. 28,.1939, year-end payments of $2 each.—
2261
—2277
.2282
2282
Exchange.
Chicago Stock Exchange..
$1,128,349
profit -A*.,—:
Net'
the capital
on
Dec. 29 to holders of record Dec, 17.
This compares ^
paid on June 30, last, and on Dec. 29, 1942, and 121 a
Dec. 29, 1941.
The previous payment was one of 10 cents
corporation on Nov. 30 announced
tne regular
quarterly dividend of
The
Net
Quotations
Exchange
Curb
Baltimore
declared
been
share has
per
"
declared
Stock Exchange.——
New York
3,727"
Loss on
cents
25
/ ' ('.V
■'
Pay 25-Cent Dividend—
Allied Chemical & Dye Corp.—No
Page
New York
1,373
of
12 Mos. End.
Issue
'.;i'
$823,531
450,000
dividends-.—-,.-.'
Interest,
54,236
$2, 486,119
700,000
:
contingencies..
for
Subsid,
This
Stock and Bond
$769,295 '
$2, 367,961
185,661
,'
income--
Total
$3,177,648
$1.49
cents
on
—
167,533
,
$1.75
Ay.
Allied Mills, Inc.
In
$1.12
depreciation. Federal income and excess profits taxes.
payable
15
Fed.
p
$3,793,313
.
income
Prov.
2,101,421.
1,994,723
262,800
$1.08
262,800
354.
p.
April 1,
on
V.
and
gen,
$391,882
271,200
282,790
19,557,921
9,624,850
Net
$474,587
262,800
$li—
share..—
dividend
cents
$797,785
426,503
333,747
railway—_
1940
1941
$1,104,970
income.January 1—
from
1940
$294,470
Alles & Fisher, Inc.—To
with
N
$1,875,488
936,575
oper.
From
*.1942
1943
„
Earnings—
1,005,656
ry.
—V.
'
.
Southern RR
1941
$282,872
—_
—
per
158,
1942
650,557
—
Other
—V.
A
Great
$2,050,582
from
Gross
1941
1942
509,677
railway-
Net
7 Mos. End.
July 31,'40
$6,229,048
A:
$28,587,625 $22,014,572 $14,599,994
Net sales_"___.
Cost and expense—..
17,491,181
11,058,751
7,788,452
3,548,086
Engineer.,
lab.,
devel.,
181,093
352.403
327,901
335,374
patent and royalty exp,1
170,001
302,449
581,578
543,883
Depr. and lease amort.
Comm. and disci,to agts.
4,742,766
3,813,231
1,560,572
and branch expenses4,423,151
1943
929,787
852,827
railway—i--
from
Gross
Period———12 Mos. End. July 31
•
1,948,662
1943
30—
(par
com.
stock,
Only)
Subsidiary
2,608,417
2,179,876
V
2,833,319
1821."
p.
Alabama
Addressograph-Multigraph Corp.—Annual Report—
Canadian
Earnings
common
Net
(Includes
78,820
51,081
3,728,665
income-—
oper.
158,
quarterly
V;,,.''•'...v.:--V.",.-' -iV-v
;
68,383
.
income
"Net
Shrs.
*After interest,
railwaysrailway—A—
from
Net
stock, both payable Dec. 23 to holders of record Dec. 2. Like amounts
were
disbursed on March 31, June 26 and Sept. 30, last.
Extras of
10 cents each were also paid on March 31, June 30. and Dec. 24, 1942.
V.
83,618
.
from
Gross
.y
share and the usual
been, declared on the
have
income—
$219,558
Earnings—
(& Subs.)
Allen Industries, Inc.
1940
$289,413
90,732
43,510
$326,619
120,491
"
*
MISCELLANEOUS
-
9 Mos. Ended Sept.
1941
1942 ;
'From January 1—
—V.
of
dividend
extra
An
railway—.:—_
Net
Net
*• -\C-
$416,307
150,269
railway——
Net
JRevised.
Extra Dividend of 10 Cents— ;"•
dividend
from
INSURANCE
-
Ry.—Earnings-
'
1943
October-
Gross
fOn
adjustments.
year-end
and
renegotiation)
1943
in
\
*1941 : \
$1,733,025
share
$2.24
provisions for Federal income and excess profits
Sept. 30—
INDUSTRIAL
-
Akron Canton & Youngstown
Subs.)—Earnings—
/♦Net profit
tEarnings per common
*
PUBLIC UTILITY
-
Copy
a
News
General Corporation and Investment
RAILROAD
Cents
60
+1.040,600
——
$2,046,898 $2,407,480 $2,106,234
$3.28
$3.91
$3.38
post-war' credit. tFederal income taxes
In the first nine months of 1943
miles, compared with 309,"745,343
flew 327.209,303 revenue
such miles in the likt*
THE COMMERCIAL & FINANCIAL CHRONICLE
2246
period of
025,676
from
6,175,258,313 and
Passenger
to
reach
45.3%
and
gained 76%
revenues
express
to reach $2,059,988.—V.
'
'
'•
.
2150.
p.
.
directors
record
have
share
per
"An
16.
Dec.
addition
extra
the
usual
1943
will
to
dends
paid in
1942.—V. 158,
of
80
to
15
50
cents
cents
dividend
a
Dec.
on
share on
per
1
_
1
■
of
25
cents
share
per
1
The
directors
share
per
holders
of
this
on
company
50 cents per
,
four
declared
June
1,
share.-^V. 158,
of
Sept.
1,
each
cents
and Dec.. I Ve
1
25
of
paid
also
this. year.
each
cents
I.
last
;
been declared on the
to holders of record Dec. 1, A
distribution was made on Oct. 1, last,, as against $1 each on
and June 25, 1943.
Payments in 1942 were as follows: April
Oct. 15, 50 cents each; and Dec. 21, $1.—V, 158, p. 942.,
of
dividend
A
cents
50
Total
In
Interest,
of
Net profit
20 and
Earnings per.share__
'
.
7"
v
(
after all chgs. & taxes—
The net
$40,256
'
taxes, in
$91,520
of our stock
value
asset
with
$10.54
on
each
of
first
the
Dec.
31,
three
$13.79
was
of
1943
Account
Income
Months
9
"Total
$26,722
22,225
23,450
tSl.913
$451
"•
on
,
cost)
average
sale
it of 4%%
to
amount sufficient
to
York,
New
share
collateral trust bonds,' due Oct. 1,
exhaust
the.
of
sum
,'/.;
Bonds
;'
with
shall
be
which
date
payment of, the purchase price will
such date,"—V. 158, p, 1126.
'• '
on
interest
accrued
to
the
delivered to
"j-
77,704
36,378
11,209
trustee
Period End. Sept. 30—
7,975,919
181,109
275,768
—^
301,151
2,000,000
.
9,822,656' f*
244,587
2,000,000
.
;
$25,854,242 $27,514,668 $32,712,617 $24,241,675
___
share—
com,
depletion
$2.98
of .coal
depletion
$3.17
mines,; timber
metal
ox
'•//
mines,;
$3.77
.
lands
$2.79.
-
and
phosphate de¬
deducting post-war
(After
,
/"'.■
.
directors
on
Nov.
24 declared a year-end dividend of $1
per '
capital stock, payable Dec. 20 to holders of record Dec. 7.
the
of
50
cents
each
made
were
on-March
2.9,
June
28
and
A year-end distribution of $1 per share was also
21, last year, while in <eacn of the; three preceding quar¬
ters payments of 50 cents were made.—V.
158, p. 1126.
.
made
be
Dec.
on
Andes Copper Mining Co.—25-Cent Dividend-^directors
the
and
A
Nov.
on
capital'
Dec.77.
.
1943—9 Mos,—1942
1943—3 Mos.—1942
26,246,090
before
on' or
American Safety Razor Corp.—Earnings—
^
2,699,700
8,575,816
.;•
on
The
•
658.437
.
Sept. 27, - this, year,
//
■,
purchased
1944,
7,
made
.
1940
$24,514,500 $37,066,598
taxes,
..(Before
Distributions
$62,000 at prices
///■•*
on
104,801,
per
The
trustee, ,';
1943,'re¬
Dec. 23,
p.m.. on
interest,.<
and
par
until 3
will
1941
11,621,792
'Year-End Dividend—
•
'
•'
9,160,255
conting.—:•
"Includes
^
(based
securities
Earn;
,
*
"
of
the
Trust Co: of
pank
Y.,
N.
(& Subs.)—Earnings—
1942
■
inc.
profit
posits,
.
.
Notice of acceptance of tenders will be mailed not later than Dec. 27,
$10,175
$4,496
.
Prof, realized from sales
for
an
exceed
1943.
Jan.
over
expenses
oper.
to
to
National
York,
New
$33,626
23,417
St.,
ceive bids
not
$21,503
expenses
of income
Wall
1953,
$25,886
'
_
The, Commercial
46
1940
25,435
income___,
Excess
'
,1941
,
$0.70.
Sought—;
on
a
1942
1943
Operating
American Railways Corp.—Tenders
.'.'•■•
/
fNet
of $155,100,
taxes
1126.
p.
profits taxes.—V., 158, T
v,..
164,165
etc
refund.
1943 compared
Sept. 30, 1942. During
dividend of 25 cents was
■ l :/■ •
■'•
'v'-' ■
Ended Sept. 30
$9.83
and
19.42,
quarters
paid.
Sept. 30,
on
$0.51.
158,
1943
$1,012,741
$0,99
1^41;
«$36,65.6$50,244
.
,.$0.56
,
1942.—V.
American Foreign Investing Corp.—Earnings—
The
.
1942
;
.
.■
interest—__u_
Prov. Tor
•
'
etc.—
profits
exc.
Minority
1943
profit for the 1943 period is after .income
compared with
disc.,
obsol.;
"Depr.,
Federal and foreign
American Pulley Co.—Earnings—
Quarter End. Sept. 30—
11 v
/
,
excess
incoiue__'___ $58,'799,996 $77,898,915 $67,651,882 $46,140,122
income—
59,710,106
78,642,991
68,494,110
46,984,550
&
capital
similar
May 1.
share has
per
$25, payable Dec. 20
par
$0.62
income and
Operating
'-v
•
$758,470
$0.07
Anaconda Copper Mining Co.
year,
dividend
> $132,086
Nil
9 Mos. End. Sept. 30—
American Coal Co. of Allegany County—50-Cent Div.
stock,
1342.
p.
made
were
year-end
a
'{.•.
1933.
p.
25
$47,270
share„
,
""After charges, and Federal
.;
.
dividend of 50 cents
payable ■ Dec. 14 to;
par* value,
payments
1942,
23,
per rcom.
1943—12 Mos.—1942
1943—3 Mos —1942
profit__^_i__._„
Earns,
.f\
i
year-end
a
no
Distributions
quarterly
Dec.
on
■
stock,
6.
March
on
the
to
the
Dec.
•.'"■Net
Ltd.—Year-End Dividend—
26
common
record
issue
addition
Nov,
on
the
on
Period End. Sept. 30—
■v
last, as
The previous payment was.
1937.—V. 158, p. 1933/
C
'
.
American Zinc Lead & Smelting Co. (& Subs.)—Earns,
on,,
.Similar
1942.
1,
Oct. .1,
\
American Metal Co.,
payment of 30 cents.
Total divi¬
$2 per share, as against $1.70 in
1
.
.
" /
quarterly
amount
of
one
regular quarterly dividend of 30
stock, payable Dec. 28 to holders of
cents was disbursed on Sept. 30, last,
1629.
p.
158,
the
capital
Metals, Inc.—25-Cent Dividend
declared
have
with
compared
Chemical Co. (Del.)—Dividend
declared
the
on
directors
...
„
American Agricultural
The
cents
In
The
the capital stock, payable Dec. 30 to holders of record Dec. 10.
distributions were made on March 30, June 30; and Sept.', 30,'
10.7% over the 1942 nine months' period
mail revenue advanced to $3,480,964, up
gained
while
revenue
$17,807,710,
Machine &
American
increased to 11,621,-.;
air express miles rose to 7,212,695,308
pound miles for the period
Mail
1942.
from
4,103,610,999.
Monday, December 6, 1943
stock,
similar
24'declared'a
$20,
par
distribution
including Dec.
17,
dividend of 25
payable
Dec.
has
been
156,
1940.—V,.
p.
17
to
made
cents
each
;
per "share
holders
of
record
quarter
since
2004.
"
'
$105,252
$75,791
$15,706
$46,553
tax
6,589
25,437
4,450
12,000
carried to
surplus acct.
$98,662
Total
Prov.
'
for
inc.
Fed.
"Profit
Prov.
for
excess
Net
earn,
1941
miscel.
V: 7
27,595. 7
in 1943, $4,205 in 1942
depreciation
of
■.
■.
.
Sheet,
Sept. 30, 1043
Govt, securities
for Federal
taxes
of
deferred
of
cost
(67,459
$2,065
securities -owned .(less■
total,
taxes,
10
total,
•;.;7;..7'
$2,126;
expenses,
par
reserve
:
appreciation
$71,796;
$5,018;
$686;
etc.,
'
.
income
shares,
surplus,
$253,359;
$14,200),
Federal
unrealized
on
earned
charges,
7
accrued
and
accrued
stock
$597,855;
over
payable
tax
income
common
surplus,
value
$846;
''-.7
$1,022;
$14,200;
Net
923,689
Ann Arbor
General
American
assets
net
at
accrued
$6,847;
reserve
of securities
owned,
market
cf
158,
1943
30,
below
for
the
respective
for ))
Months
Ended
earn,
tOther
stocks—
on
$1.50
of
$1
cents
3.
securities
American
of
preferred
stock
27,
23,
share
1941,
1939.
In
Operating
(Incl.
30
('•""'■/ 7
Subs.)
1
153,
Interest
"Excess
"Over
,
of
Gross
actions),
fNet
Other
4
income
Total
.,
Fqderal
and
in
Assets—Cash
sold—not
$546,257
interest
tions
^
cost
31,783
26,625
Net
;1942..
,
$383,216
$483,372
$430,730
46,989
31,054
43,494
Federal
normal
14,336
19,797
34,602.
Federal
excess
$321,891
$432,519
$352,635.
.
connection
with
former
a
Sept.
30,: 1943
agreement
with
American Stove
Profit
y
Federal
before
securities, at market quota¬
$12,469,326;
investments in securities
accounts
stock,
V.
payable,
$304,863;
general
158,
carried
are
855.,
p.
for
accrued
book
over
...
9 Mos. End. Sept. 30—-
profit after all
Earnings
—V.
per
158,
of
appreciation
at
total,
capital
(net) of
which
in¬
The
11
'
.".
•
•
,
,•••
Co.—Earnings—
' " 7'
1943
25
$2.45
1943
1942
$369,108
$2.06 1
.
$1.18
v
7
:
1942
1941
271,303
320,000
$402,747
.
$480,161
$969,784
$0.75
'■'•■.$0.89
$1.80
>.'■■■
".
(
or
profits
per
and
1943
and
'7>7.,7';7
Fed.
income
repairs,
^
and
income
excess
profits
taxes
in
the
$0.37
the
Note—In
been set
p.
opinion
aside to
of
the
other
■'7,7'"'
v
management
sufficient
Viscose
Corp.- -Employees In Armed Serv-
The
Profit
after
Sept. 30—
chgs.,
taxes
Fed.
but
1943
their
and
1941
service
the
allowances
and
pay
of
amount
the
straight
their
company
-
$1,332,949
$1,776,521
$1,790,413
taxes
616,948
959,202
682,496
cluded.—'V,
Net
—V,
J.
profit
158, p.
loss
$0.84
date
31,
$447,888
life
insurance
will
158, p. 2038.
be
reinstated
In
charges, but before Federal and certain State income taxes.
of $79,722 on sale of property was charged to operation in
quarter, while a loss of $203,380 on sale of property
was charged to operation
for the first nine months of 1943, compared
with a loss of $31,878 on sale of property charged against a reserve
provided therefor in 1942.
A
dividend
This
of
preferred
compares
March
15,
$1.50
per
prov.
for depr.
.
stock,
with
1940.—V.
50
payable
cents
Jan.
each
158, p. 542.
3
to
paid
on
holders
on
Dec,
the 6%
of
19,
non-cumu¬
record
1942,
Dec.
10.
and
on
of
excess
preceding
$14,000,000,
accord¬
year,
and
after
;
;
Oct. 9,*43
.
Oct. 10,'42
$5,292,760
125,039'
—146,512
$o.6'2
provision
the
''\/''/.■■■/
-V-
—
30.
Distributions
'
of
25
and,Sept. 30, last;
June 30
and
Sept.
30,
for Federal income and
cents
each
Payments in
25
cents
each;
158, p.,1238.
Associated Electric
$0.51
excess
~
profits
,
domestic
■'
made
were
on
1942
were
as
and
Dec;
31,
-
also
31,.
March
year-end
of
:
Co.—Earnings— :
subsidiaries,
follows:
a
the
record
March
on
i1
./■■■
■■■„', •'
•/■■
■
of
com¬
includes'operations
panies sold to respective .dates of sales)//.
12 Months Ended Sept/30— %■
1 r-r'-C* :
-v 1943
*
'
'1942- ■'»'
Total operating revenues __-___--___-i__„7__72 $20,035,654
$20,697,678
"Total/operating expenses and .taxes-.^---./--/-..14,635,148
14.962,703
the
.
:
::
Operating
income'-—"r—l,"_----77 A'7-^-.__^7^*
$5,400,506 1 $"5,734,975
;
217,764
423,293
income
.
y
•
'
-
.
j
■' -'
1942
»
1941
7
1940
interest,
/ Gross income
Deductions from
/ r
$845,707
etc
,
income
for
$1,753,558
8,335
7,8,637
;
7—
$854,042
depreciation-
427,395
$2,195,962
$1,687,188
9,416.
35,345
$1,762,195
$2,205,376
$1,722,533
406,705
400,468
income—Subsidiary
and
2,586,706
3,500,341
Consolidated net income.$825,976
$71,221
for
208! 6 79
.
340,028
233,765
/r.
Assets—Cash
notes—tax
508,966
452,251
375,095
531,684
318,718
"$490,263
$100,064
$529,437
$320,736
miscellaneous
for
on
5%
of
investments,
depreciation
total,
deposit
accounts
Balance
Sheet,
and
on
$21,388),
hand,
$21,329;
of $3,660,587),
Aug,
31,
1943
$115,080;
$149,288;
U.
accounts receivable
S.
payable,
reserve
preferred
taxes,^—:,.T,451,271:
(including State
of
Treasury
inventories, $1,362,233;
properties—at cost (less reserve
$6,322,852; -deferred
income)__,____
Income
1,377,141
income
Federal
Other
_____
expenses
income
taxes__
taxes
'
*
1943
1942
$3,197,358
194,605
$3,186,627
220,446
__7—162,973
5,620
135^179
$2,997,133
3,118,795
$2,668,030
3,500,341
$121,661
$832,311
—
income
—
deductions from
Other
.
—
854,916'
1,423,678
(Company Only)
'
7__7
..
income
_____
;__v
(less reserve
$707,810;
charges,
loss
Net
—V.
158,
p.
1526.
$42,643;
$352,414; accrued; Federal, State and
for
extraordinary
repairs,
$120,216;
stock (par $25), $4,394,550; common stock
(par $12.50)," $2,778,016; capital surplus,
$800,951;
earned surplus,
$272,469; treasury stock (4,817 shares preferred and 6,214 shares of
common at cost), $200,541; total, $8,633,155.—V. 157, p. 125.
cumulative
taxes
12 Mos. Ended Sept. 30—
Total
Gross
$8,633,155."
taxes,
Other
General
series C, $27,000; notes and
doubtful
,
A'/i 'J
."Includes provision for taxes:
236~592
540,237
——r ✓
year
Consolidated
•for
Co;77!7A7-.,_i77-__77.-7^
Statement
246,705
deductions
$6,158,268
1,673,499
1,058
461,525
repairs--
selling exp.
companies
.
3,118,795
Associated Electric
394,235
65
.
paid
Extraordinary
Admin,
$5,618,269
-------
Federal income
Total
Prov.
local
share has been declared
volume of the
.
income,
Other
Liabilities—Accounts
$1.50 Preferred Dividend—
lative
1943
$480,843
the September 1943
Increase—
(1943, $555,911; 1942, $408,425).—V. 158, p. 2150.
Other
Co.—Earnings—
profit from operat.,
before
Profit
$449,603
Corp.—Sales
/ v:.
charges
(Includes
v'• 7
,77'.
:
Years Ended Aug. 31—
19-13—9 Mos.—1942
$481,143
•'
of
12 months, will be
President, r. announced.—
share.-i.
com.
50 cents.—V.
of their leaving,:,the 'announcement/ con¬
"Deficit.
1943—3 Mos.—1942
1—
per
"After
:
for
(Including Wholly Owned Subsidiary)
Tax
(& Subs.)—Earnings—
Sept. 30—
—
"After
$1,107,917
$0.56
1126.
Period End.
A
$817,319
.
——$0.46
American Ice Co.
"Profit
$716,001
—
share
per
1
1943
•
Interest
Earnings
Sept.
in
past
Prentis,
Equipment
profit——
time
group
at the
amount.in'force
royalties,
—
profits
exc.
1,
as
.
equal to 2%
company,,
during,the
Jr.,
-
,
—$7,056,107
if
before Fed.
i.
and
Income
1942
June
same
1942,
which the. company expects to
continue-making
Markey states,—V. 158, p. 1030.
June 30
Dec. 1 announced that its benefit payments to
the armed services amounted to $476,335 up to
Oct. 31 of this year.
The number of employees now-in the services
totals72,089 men and women. Under the company's plan ,for its em¬
ployees, they are paid the difference, if any, between the amount of
Net
9 Mos. End.
W.
this
3,
the
were
Dec.- 24,
A-year-end dividend of 75 cents per share has been declared
stock,, no,,par "value, payable Dec. 30 to holders of
entering
have
American Investment Co. of Illinois (& Subs.)—Earns.
received
H.
of
March
on
1942
on
•
corporation on
employees
American Window Glass
7 '
■■
issue
:common
defray all taxes 'payable under existing laws.—V. 158,
942.
trustee,
National
i Associated Breweries of Canada, Ltd.—75-Cent Div.—
.
reserves,
this
on
sales—
taxes
than
■
corporate
the Continental Illinois
tools
Mr.
Earn,
$1,000 of National Service life insurance and, upon return to the employ
$0.09
<
.
149,866
expenses
,4 •
,
.
"Net
30, 1943, amounted to $1,131,880 as compared with-$558,158, p. 542.
■
;
"
y; ■
- f
1942.—V.
.$278,323
for
on-
7
:•
.
_/,,-.;■./
40 Wks. End.—
six, months
$108,821
.
24,
Net
tAlso after reserve of $150,000 for post-war transition in
in 1942.
/■
;' ; 7" 7 : ' ' ' ■ 7 "7
$428,190
reserve
y'
salary
Aro
.
108,821
Nil
and
depreciation,
at
Artloom Corp.—Earnings—
t$449,974 .11$367.000
■
$0.79 ,$0.64
.
Share—
*1942
$300,000
ended Sept.
in
1943
$217,641
share
common
per
"After
record
and
■
City of New York,
or
Payments, in
nearly double the $7,684,661
and*;-,
taxes——
com.
Note—Federal
000
made
or
1726..
war,
'
income taxes.
•
.
.
of
last,
Markey, President.
The gain is largely due to increased
■.sales of highly specialized aircraft products/andsingle-purpose pneu-'
:
$44,764
profit
Earnings
■7'7..
-7
chgs;
after
profit
excess
;
Earnings
of
Net
•
Foundries, Inc.—Earnings—
6 Mos. End. Sept. 30—
Net
the
ing to J. C.
.,7.;7.<;
i
'
,
44,764
——
1,
Co.—35-Cent Distribution—
year.
Dec,
p.
(The)
.
708,000
—w—r';
$89,528
^Operating profit—
Reserved for income taxes-—-
holders
436,000
i._w——
the first 90 davs after leaving
earnings they would have, received
they had continued working for the company .for the same period.
Employees are also reimbursed for the cost of the-face amount of
1943
to
June
on
V
share
per
231 So. La Salle St., Chicago, 111.—V. 158, p. 1127.
were
1, "this
wages
v, 157,
$2,113,784
1941
(& Subs.)—Earnings—
'
■'
a
distributed
!
■
$800,161
1942
American Hide & Leather Co.
10
cents
2039.
p.
distribution of 35 cents
Christmas bonus to employees
their
j-
=
of
New York,- N. Y„
each
Dec.
including
-
taxes———,
St.-,
cents
and
452.
p.
$674,050
taxesw—_L————
profits
American
$503,020
Dec.
made
was
30
dividend of 35 cents per share has been declared on the Commonstock, payable Dec. 24 to holders of record Dec. 6.., Distributions of»
Nov.
„
payable
of
A
ices Receive Benefits—
Co.—Earnings—
3 Mos. Ended. Sept. 30—
Bro-ad
Bank
Armstrong Cork
9,695
$2,906,343
$2,752,543
Earnings per-comy~sharewww7w_7,—
—V. .158, p.. ,1342. ,7
■
I;.'; 77.
-
452.
p.
Chase National
Bank & Trust Co.,
$22,770,710.—
.
$10,
par
distribution
Dec. 15, .1942.—V. 158,
•*; •
.
•: \
•>
■
dividend
a
513,256
;
.7—7——(7..$2.32'
profit———J——-77——
"Adjusted.
•«
declared
Sales in the fiscal year ended Nov. 30 will be In
Net
received,
$52,422;
amounts
$2,504,655;
'
'
charges and taxes—_w—
share—'———
com.
;
taxes,
unrealized
excess
cost,
Utility Equities
purchased—not
and
expenses
v",
,
American Hair & Felt
Net
securities
surplus,-$19,905,460;
securities, $751,947;
market
vestments
payable
stock,
similar
and
23
company has called for redemption as of Jan. 1/ 1944, a total
$251,000 of first mortgage 20-year 4% sinking fund bonds,
series C,
Jan. 1,. 1957, at. 102 Yg and interest.
Payment will be made ab
of
' 9,800,000
11.235
'amortization.%-V.. 158,
taxes-_z.—
American Type
general market
$11,717,378),
688,183
317,789.
•:
-
Armour & Co. of Delaware—Bonds Called—
A
7K,
%
A
Nov.
on
capital
/'
matic
Sheet,
668,559
;7v'"
77,
The
"54,066,979
691,544
/'"
7'
92,198
,
directors
the
:
14,850,200
•
7—-
share—
com.
per
94,668
subsidiary companies (First York Corp., $7,737,636,
Corp. $1,988,068), $9,723,704; total, $22,770,710.
$3,310;
558,618
1.
•
$18,305,522- $13,229,294
—.7—w—7;
—
income
,86,589
$533,046; account, receivable for securities
$3,668;
accounts and dividends receivable and
Liabilities—Account
1,052,599
407,649
l
/'-'•
78,785,306
,—7———
—-
Earnings
of
•
1,030,044
__
income,
oper.
158, p. 1726.;
t
1943
'
w—.
—
interest-
$371,003
$40,966;
accrued,
(book
3,435,783
Dec.
$496,303
29,146
banks,
delivered,
3,973,674
The
Pantepec Oil Co. of Venezuela, C. A.
.
57,203
4,255,365
:
from
ry,
on
$522,92$
Balance
56,889
income
oper.
.
.Arizona Edison Co., Inc.—30-Cent Distribution—
one
distributions of 50
to and including
$17,988,332. $13,028,741
317,190
200,553
expenses—Itax provision
7_i—-
10,521
7,165.
in
43,765
—V.
'-H/'-
:—1—-
—
income—
Minority
1940
(without giving effect to results of securities trans¬
income
94,837
48,257
ry.
Net
per,
1938
profit
$578,040
Fed.)-
expenses
1940
$365,382
106,790
159,858
due
.99,148
'
1941
$453,026
100,878
to holders
1940,
:'///
^
9 Mos. End. Sept. 30—
income
cents
$96,773,638 $67,095,720
$469,805
—7
incl.
50
27,
quarterly
May 31,
expenses———————7-———aw—'—
$388,688
expense
1942
$424,520
railway——
railway,,
26, last* year, one'
Dec.
on
sales
$487,836
expenses-
(not
1943
June
Net income before int.
Taxes
paid
addition,
856.
p.
of
cents on Dec.
have been made from
30, 1943.—V.
dividend
American Steel Foundries—Earnings—
Other
7
;
1941
13,058
expenses
was
75
v
$534,662
from
.
From January 1—
value, payable Dec. 27
par
of
one
RR.—Earnings-
railway—5,037,433
from railway
1,499,030
Net
$1.17
and,-
share and accrued
per
income—101,428
income
Total
$609,838-
$1.43
■
1437.
special
a
no
"Including depreciation and
:
•
$0.58
Net
declared
stock,
A special of $1
,
Dec.
Dec.
on
"Gross
$440,660
•-
have
common
Dec.
on
per
Nov.
approximately;
to
1942
$373,350
bonds
on
net
the
record
fair
or
..
Sept.
1943
t'
divs.
158, p.
Year Ended Sept. 30—
share common stock.
dividends; $10.35 per
directors
on
of
942.
p.
equivalent
were
Corp.:
$136.83 per share convertible
deducting preference in liquidation of $50
Cash
etc.- -V.
depreciation,
of
provision'- for Federal income
$953,951.—V.
General
Earnings
•7 $0.42 //,•
cents); $6,746; 'capital
excess
Corporation—Quarterly Report—
Sept.
shown
amounts
;
•
$712,068
$301,373
$206,268
•
share
from
Gross
American Smelting & Refining Co.—Special Dividend
The
share
Net
The
profit—
"After
-
.
(cost $15,000),
U. S.
,
taxes—general,
Int.
1,854,841
Gross
$59,770;
$834),
■■
Liabilities—Accounts
after
165,955
prof, taxes, etc.
Earns; per com.
33,360
,
securities owned, $872,400; accrued interest receivable,
accounts receivable, $171; furniture and fixtures (less
$953,951.
the
586,193
and
Net
of $1,173
received
Assets—Cash in banks,
$15,059;
for
$1,533,527
tDeficit.
1940.
and
19,508
•
$34,553
$11,255
$50,304
-
53,525
Balance
;
inc.
$2,566,909
October—
paid
"Includes dividends
r
in
Fed.
$467,328
prof,
Dividends
:
$792,461
—
Associated Gas & Electric Co.—Weekly Output—
The
ended
trustees of Associated Gas & Electric Corp.
Nov.
Electric
26,
Group
11,167,289 units
or
ago.—V. 158,
2150.
p.
report for the weel
net electric output of the Associated Gas A
139,369,129 units (kwh.).. This is an increase o
8.7% above production of 128,201,840 units a yea
1943,
was
Volume
158
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4235
Aug, 14 last,
Atchison, Topeka & Santa Fe Ry.—Earnings—
(Incl.
Gulf
Colorado
Santa
&
Period End. Oct. 31—
Pe
1943—Month—1942
$
$
oper.
revenues
42,055,848
oper.
expenses
26,952,738
$
$
37,793,488 384,918,247 291,408,561
accruals.-
8,014,302
Dr294,969
Dr249,919 Dr3,669,565 Dr'2,279,882
income
6,793,839
11,315,723
Average miles operated-
13,148
13,169
tax
debits
or
rapidly
as
18,234,090 210,169,404 162,266,287
7,993,756 118,926,408
62,339,957
credits.
Other
the
has had
company
income other
no
than
$5,595
Nov.
non-
revenue.
of
labor
—V,
conditions
as
and
158,
slow
will
deliveries
permit.
of
There
supplies
has
and
been
some
equipment
for
will
work.
A
ry.
oper.
Note—Railway tax accruals for
762
Federal
Federal
income
income
52,152,870
64,522,435
13,152
13,327
of Oct.,
month
Beaumont Sour Lake & Western Ry.
October—
include $5,828,-
1943
Gross
and'excess
tax
in
profits taxes compared with $5,621,000
and for the ten months ended Oct. 31,
1942
from
Net
ry,
'> 1943
they include $98,193,762 Federal income and excess profits taxes
compared with $45,324,330 Federal income tax in 1942.—V. 158, p. 1726.
From
Gross
October—
Gross
Net
from
from
Net ry.
1942
$565,216
17,305
oper.
from
1941
$292,326
93,836
126,745
*13,990
4,864,879
3,895,280
1,814,134
1,285,691
886,122
249,577
409,658
236,422
of
of
mortgage series A 4. ¥2%
bonds
and series B 5%
further
their
principal
July \,
the
that
announced
trust
of the series A 4 Vz 'k
any
amount,
flat,
and
1944,
the
of
any
amount;
flat,
but
series
104.25%
5%
B
the
with
will purchase,
company
bonds at
of
will
of
1943
from
ry.
Gross
railway....
Jan.
due
of
from
from
ry.
The
1940
1941
$393,934
$178,229
$249,360
176,067
92,149
40,971
3,190,282
2,039,699
1,575,083
1,901,699
1,298,788
592,406
245,197
*289,433
158,
561,940
199,130
5,363
Dec.
1943—10 Mos.—rl942
^
$
11,478,160
expenses
—
10,650,753
5,522,931
127,944.500
66,173,712
44,250,000
19,555,000
Operating income
of equip. & joint
643,574
2,127,822
17,520,788
19,458,269
facilities
237,712
203,972
4,266,103
2,443,052
405,862
1,923,850
13,254,685
17,015,217
158, p.
income.
2151.
Atlantic, Gulf
bonds
11
Called
of Jan.
due
Jan.
Chase
Broad
1,
Indies
Lines—5%
Steamship
Redemption—
announced
was
Gross
Net
from
Net .ry.
to
holders
1959,
at
105
and
Bank of
New
York,
on
the
N.
30,
interest.
will be
Payment
made
last.
These
the
are
first
reorganization
158,
payments
was
2039.
p.
the
on
consummated
stock
common
Sept.
on
since
1938.—V.
23,
from
of
other
Cost
Ohio
RR.
Seeks
—
Bids
$3,097,000
on
company
after
large
Int.
other
&
sales
Prov.
institutional
Res.
h.p.
Division
this equipment
Diesel
of
investors.
This
trust
is
the
applied to
being
are
last
locomotives^ of which
Motors Corp. is the builder;
freight
^■Net
General
purchase
Diesel
switching locomotives, of eight of which Balwin Locomotive Works
the builder, and of seven of which American Locomotive Co. is the
builder; one 500 h.p. Diesel switching locomotive, of which General
Electric Co
is the builder;
20 Mallet freight steam locomotives, of
the
Baldwin .Locomotive
composite hopper
this
Of
,
the 15
the
three
is
the
builder;
and
50-ton
965
h.p.
delivered.—'V." 158,
Fed.
Barker Bros.
Total
Net
sales
Net prof,
$3,561,883
taxes__
com.
per
share—
—Note—Federal
1942, $274,000.—V.
73,288
$0.22
for
taxes
158, p.
as
the
$3,590,587 $10,538,531 $10,135,056
the
nine
134,832
348,161
of
$0.52
$1.37
$1.04
months
of
1943
were
$561,000;
1,439,188
1,013,834
smallest.
Pay .$l Dividend—
dividend of $1
A
Dec.
22,
July
1,
were
made
1942,
share has been declared
per
payable Jan.
$1,
3
on
which
on
the
common
stock,
to holders of record Dec. .15.
Similar distri¬
April 1, June 30 and Sept. 30, last, and on
compared
1942.—V. 158,
p.
with
50
cents
each
on
April
1
and
2040.
W.
B.
Sept.
30
Since
Maxwell,
states:
the report
8,294,925
3.323,881
6,733,351
his
repon
for
the
quarter
The Commercial ami Financial
ended
June
30,
quarter
1943,
1943
for
to
2, '43
Oct. 3, '42
3,883,365
3,097,218
611,852
599,703
604,770
on
Fed.
of
12,406
at
$88,779
$78,037
12,576
15,540
$61,740
$76,204
$62,497
$
$86,946
losses
or
the
year.
for
the
the
securities.
nine
defined
by
tNo
months
ended
to
expects
company
as
to
elect
the Internal
be
1942.
Federal
Oct.
a
Code,,
nine
company,"
months
is
it
ended
estimated
Oct.
31,
31,
that
the
3943
1943,
would
offices:
be
$13,300.
market
Net
for
Total
quotations
Assets
deposit
interest
(cost
Oct,
$9,320,880)
$10,820,035
565,187
——„
receivable
10,388
capital stock sold but not yet delivered—
—
2,38S
$11,397,999
—
Liabilities—
Accrued
Other
250,000
$241,531
$1,060,282
$1,502,136
$1,298,771
5,132,834
4,501,385
——Ji
expenses
Federal income
accrued
tax
taxes
;
for
—
year
221
„_
ended Jan. 31,
1943—
5,661
3,140
;
.
Payable for capital stock reacquired but not yet received—
payable (16 cents a share)
1,538
Dividend
3,525,386
111,912
Total
Net
;
——
$6,053,767
118,814
$6,193,116
118,814
118,814
118,814
470,414
940,827
$4,078,125
$6,003,521
ury)
$4,824,157
—V.
outstanding at
Oct.
313,609
$3.76
1941 and $1,425,000 in 1942 for excess profits
Period End. Oct. 31—
Operating
Operating
Taxes
for
for
Federal
1943
excess
paid
taxes
in
net
a
profits
the
Income
on
Act there is
show
taxes
any
of
the
fiscal
the
5,527,654
755,534
tax,
the
1942
year
incurred
profit
a
Government
1941
on
for
or
the
less
will
income,
first
than
201,397
—
;
income
oper.
Other income
company's government
this
of
Total
Total
$874,440
56,854
:
income
$931,294
—
deductions
Net
contracts
and
sub¬
year
income
r
statement
has, been
that
it
for
made
will
have
Sheet,
the
with
effect
any
October
nine
first
respect
2,
to
359,966
>
months
the
—V.
income
158, p.
In
of
8,695,946
2,414,493
234,294
2,707,127
149,313
$1,625,964 $10,511,847 $11,823,019
101,182
1,048,283
1,126,432
$1,727,146 $11,560,130 $12,949,451
411,728
3,669,108
4,075,331
$l,3lfe',418
$7,891,022
$8,874,120
1727.
earnings
Braniff Airways, Inc.—New Officials—
Harry S. Murry, formerly with the Chicago office of the War Man¬
power Commission, has been* appointed .Assistant to the President to
take charge of the airline's personnel and training departments.
He
will
1913
U.
S.
savings bonds,
$50,000;
accounts
(less reserves), $2,533,676; inventories, $15,431,531;
and
tax
revaluation
credit,
$200,000),
common
of
$20,000;
(less reserve
$20,797,850),
other
unexpired
have
headquarters
non-current
and
and
Breeze
for deprecia¬
$8,388,610;
post¬
investments
expenses
deferred,
The
the
at Love Field,
Dallas, Texas.—V.
158, p.
1934.
State
(313,609
taxes
6%
cum.
shares
no
(less U.
pfd.
par
taxes
withheld,
amount
June
S. tax anticipa¬
stock
value),
($100
par),
$15,680,450;
is
Corporations, Inc.—40-Cent Distribution—
directors
blankets
recently
to
the
award
of
Shipments
are
indication
products
hopeful.—V.
158,
but
that
p.
a
healthy
demand
contract
for
10,
T.
the
will
materials,
schedules,
ping
has
called
for
and
of
40
cents
share
per
on
has exceeded its 1943 manufacturing and ship¬
that production to date is in excess of
1942
and
158,
p.
766.
Buffalo Forge Co.
3 Mos. End.
and
(& Subs.)—Earnings—
Aug. 31—
1943
Earn,
profits
taxes
per
*Also
p.
"
1942
com,
after
share
$278,693
$0.98
$0.86
—
provision of $250,000 for wartime contingencies.—V.
158,
Burlington-Rock Island RR.—EarningsOctober—
Gross
from
the
Net
from
is
not
Net
ry.
situation
*$319,170
2041.
for
prevail
1943
1941
1940
$173,246
43,138
$111,364
$107,027
23,187
11,250
50,634
14,131
8,260
*5,486
2,345,819
1,471,614
1,009,675
1,033,757
874,842
332,925
114,626
52,754
518,631
123,934
*23,455
*105,454
$187,158
income—
oper.
1942
73,637
railway
railway
From Jan. 1—
Blackstone Valley Gas & Electric Co.—Bonds Called—
outstanding mortgage
dividend
Mas.cuch, President, announces that the corporation, which
entirely to the manufacture of aeronautical equipment and
war
activity.—V.
600,000
2040.
meanwhile
a
Net prof, after all chgs.
a
be
that
declared
A like
payable Dec. 10 to holders of record Dec. 1.
on
Sept. 10, last, as compared with 80 cents on
1943, $1.50 on Dec. 15, 1942, and $1 on Dec. 30, 1941.
paid
was
devoted
other
still
is
have
capital stock,
John
$1,282,969; employees'
$858,323;
stock
announced
company
$571,328
9,062,951
an
renegotiation
upon
22,933
refund
and
months
bine
ry.
1,153,107
217,135
25,129
——
Net
1943—10 Mos.—1942
$7,458,071 $72,549,225 $64,341,833
4,438,932
50,325,640
40,966,428
$1,010,745;
profits
of
$11,275,527
——
1943—Month—1942
$7,384,154
expenses
made
been
provision that if the
a
loss
has
ended Dec. 31, 1942, has resulted in
Government that no .adjustment is required.
provision
1943
revenues
Equip, rents—Or
Readjustment in 1942 Government Contracts
the
31,
158, p. 945.
Boston & Maine RR.—Earnings—
$4.41
for
share on 699,595 shares of
(exclu. of 354 shares in treas¬
per
stock
627,218
$4,943,880
$122,473
-
assets—equal to $16.12
redemption
collateral
as
trust
of
Dec.
bonds,
24,
series
1943,
C
all of
4% due
from
railway——
Net
from -railway-
Net
ry.
oper.
income—
*Deficit.—V.
158, p.
1728.
Chronicle (Reg. U. S. Patent Office) William B. Dana
Company, Publisher^, 25 Spruce St., New York 8, N. Y., BEekman 3-3341. Herbert D. Seibert, Editor and Publisher,
Dana Seibert, President; William D. Riggs, Business Manager.
Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Monday].
Other
Chicago—In charge of Fred H. Gray, Western Representative, Field Building
(Telephone State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. Copyright 1943 by William
B. Dana Company. Reentered as second-class matter February 25, 1942, at the
post office at New York, N. Y., under the Act of March 3, 1879.
Subscriptions in United States and Possessions,
$26.00 per year; in Dominion of Canada, $27.50 per year. South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia
and Africa, $31.00 per year. NOTE: On account of the fluctuations In the rates of exchange, remittances for
foreign subscriptions and advertisements must be made in New York funds.
William
31,
"regu¬
Revenue
31, 1944 and to distribute all of its taxable
If, however, the company should not elect
investment
for
investment
on
accrued
that
such
and
Receivable
Accrued
delivered during the first six months of
being made against an order for 1,650,000
blankets received in May,
1943, the largest single war blanket con¬
tract placed with the
carpet industry by the government.
Including
the new contract for
600,000 blankets, Bigelow-Sanford has received
to date, orders
totaling 4,290,000 army blankets.
John A. Sweetser, President, said that at the conclusion of the war
Bigelow-Sanford can get back into civilian production in short order
its
76
$87,068
12,079
*13,250
company,"
demand
on
Dividends
450,000
Government Orders
The
1940
$77,961
42
Statement of
(unchanged since Dec. 31, 1934), $504,726; earned
surplus; $5,464,540; reserves for inventories, $1,000,000; reserves for
post-war expenses, and rehabilitation of properties, $270,000; total,
$27,835,183.
every
1941
$88,737
92
tax
"regulated
surplus
army
1942
$86,976
864
Assets—
Cr8,254
$133,876; reserved for Federal
and
1943
been
income
on
Crl29,003
Liabilities—Accounts payable,
1944.
$428,417
$105,592
ending Jan.
year
*2,250,000
receivables, $3,576; insurance
$397,045; total, $27,835,183.
wool
8,482
$29,890
of service-'
cost
—
basis
during
a
Securities,
60,001
313,609
amortization
Company
99,497
Inc.*-Earnings—
profits
approximately
28,366
$3.00
expected
period.
notes
3,761
324,165
8,313
over
inc.
has
the
the
CV9.083
and
tion
45,903
$106,457
investment
Cash
2,745,666
$0.39
taxes
with
excess
1,883,578
99,497
—•
tax
*2,175,000
Balance
ended
issued
receipts
1942
$3,029,943
236,132
—
income—-—
be
tax
Sept. 27, '41 Sept. 28, '40
share.
is mot
the
and
312,081
—
19,511
on
lated
6,241,688
313,609
year
for
each;
^Including $8,950 applicable to the six months ended July 31,
Gross
•
the
tNet
of
renegotiation
company's
in
of
tEXclusive
15,286,101
9,277,295
(Quebec), Ltd.—Report—
President,
for
17,551,448
$5,603,889
accompanying
too
Beattie Gold Mines
18,555,430
7,685,461
313,609
the
it
cents
253,846
rentals-
;
income
income
$5,464,540
this
as
1942
1934.
p.
—
for
Prov.
com.
exceed
no
during
—
Expenses
470,414
end
allowed
agreement
to
were-
3,761
bonds
on
Interest
Cr96,744
—_
provision
for
30
1,
per
20
each
158, p. 1727.
—,
—
of
the
$2,640,300;
1342.
municipal
Income—Dividends
$2,201,246
back
No
The
Sept.
cents
Dec.
Payments
roads
year.
contracts
and
1
158,
60
cents
1943
Joint facil. rents—Or—
will
last.
30
—$3,125,968
—2,182,415
tax accruals
236,162
3 Mos. End. Oct. 31—
30
31,
747,872
„
operations
of
1,
of
payable
of
begin, of
com.
credit
this
313,071
1,000 shares being the largest trade and five shares the
par
of
June
March
........
part
tion,
Bath Iron Works Corp.—Special Offering—A special
offering of 16,000 shares of capital stock (par $1) was
made Nov. 22 at $16% per share by Hemphill, Noyes &
Co.
Commission, 50 cents.
There were 164 purchases,
butions
31,
436,504
in'-; 1943 under the 1942 Revenue
capital
To
distributions
follows:
1,598,820
includes $1,450,000 in
'
war
1943—9 Mos.—1942
and
Boston Fund,
pay¬
5,608,751
263,485
—
surplus,
Note—No
per
Raihvay—Earnings—
expenses
leased
Excess
-V.
com¬
$1,983,510
dividends
-
cents
share
per
RR.—Earnings
2,092,470
tax.
dividends
taxes.
June
„
State
for
Interest
per
1938^ all
March
on
as
the
on
cents
of
Regular
stock
cents
30
633,165
etc.—
Common
per
2,
dividend
stock,
dividends
Sept.
cents.—V.
50
Miscellaneous items
645,631
inc.
Assets—Cash,
after all chgs.
and
62 Vz
series
were
land, water rights, buildings and, equipment
1943—3 Mos.—1942
—
charges
Earn,
Federal,
waste
Preerred
Earns,
and
final
a
common
dividend
&
——
Earn,
1
March
final of
$1 par value capital
2152.
Corp.—Earnings—
June
the
Interim
Subway and rapid transit line
be
929,634
——
and notes receivable
Pferiod End. Sept. 30—
of
share
per
of
15.
1942
contingencies-
written
Diesel
p,
follows:
a
declared,
on
7,
receipts
Rent
.
surplus,
freight locomotives,
locomotives and 525 of the hopper
5,400
1,000 h.p. Diesel switching
have already been
cars
Works
of which the Bethlehem Steel Co. is the builder.
cars,
equipment,
Dec.
common
in
20,784
income
Earn,
the Electro15 1,000 h.p.
is
which
will
$27,644,124 $31,967,350 $28,584,179 $19,347,723
25,234,102
25,061,227
20,477,978
13,876,852
on
of 20
&
gen.
deceived,
for
,t
a
proceeds of
cents-
__————L—
-
for
>
refund
Motive
surplus
non-oper.
-expenses
Res. for duty
equipment trust certificates, totalihg $10,760,000, issuable by Girard
Co., as trustee under an agreement and lease of railroad equip(Philadelphia Plan) dated May 1, 1943.
5,400
dividend
dividend
4,335,998
cash
&
1,
TotaD operating
to
$2,128,230
—_
ment
The
15
16,724,675
sales-
ship.
dividend
1940
Oct.
admin., expenses
Depreciation
Trust
three
capital
Total
sum
credit
1941
income—
1727.
discounts
of
Selling,
results
'
the
total
1942
railway—
sales,
installment
cf
'
account
The
378,772
9 Mos. Ended—
Net
Dec.
Boston Elevated
there1^
884,394
railway——
p.
extra
an
Month of October—
amount
issued
$2,138,829
———_
other
the
income—
period
Avge. no. shs.
&
as
19,
the
issued a request for bids Nov. 20 on $3,097,000 equip¬
ment trust certificates, series M.
The invitation was forwarded to 55
prospective bidders, including investment dealers, insurance companies,
and
to
total
Bigelow-Sanford Carpet Co., Inc.—Earnings—
Equipment Trusts—
The
capital
$15.50.
dividend
record
on
railway——
oper.
v—V. 158,
158,
1934.
Baltimore
of
$2.50
Payments
railway
from
declared
30
1943
year
record
March
on
were
a
at
City of New York, successor trustee,
Y.—V.
dividend of 75 cents per share has been declared on the common
stock, par $13, payable Dec. 20 to holders of record Dec. 6.
A similar
payment was made on June 30, last, as compared with $1 on Dec. 29,
of
share
to
credit
quarterly
a
quarterly
made
were
©per.
ry.
A
1942.
the
each
Loan Corp.—Year-End
stock,
year
p.
listing^of
1943
from
Res.
plan
making
to
of
sum
total
dividend
usual
Baldwin Locomotive Works—75-Cent Common Div.—
*
paid
June 30 and Sept. 30, 37Vz cents each; and Dec. 31, 35 cents.
158, p. 2152.
Interest
Nov.
has called for redemp¬
1944 all of its outstanding 5% collateral trust gold
National
St.,
West
&
for
it
company,
the
30,
22
Nov.
on
the
of
Dividends
Bessemer & Lake Erie
51,554,488
3,000,000
...
for
holders
Total
90,567,757
———
directors
share
income
Rent
The
17,
surplus
the
the
the
$
6,834,586
...
oper.
year-end
31
Nov.
on
the
Borden Co.—Final Dividend of 60 Cents—
total
a
(par $1), on official notice
of a stock dividend pay¬
respect
earned
declared
preference
each
Net
4,000,000
as
1944,
payment
Nov.
With
and
authorized
stock
the
record
surplus
have
and
Sept.
Net
1943—Month- -1942
revenues
Taxes
tion
1,
From Jan. 1—•
-
The
from
has
common
with
shares.
capital
a
prior
cents
—V.
1821.
p.
Period End. Oct. 31—
Bonds
Exchange
of
of
be $35,840
plus
the
17,566
4,352,584
-*
and
The
Jan.
43,889
120,913
Atlantic Coast Line RR.—Earnings-
—V.
Stock
holders
directors
Gross
ry.
of
as
115 Broadway, New York City.—V. 158, p. 82.
October—
railway....
^Deficit.—V.
Net
redemption
40 cents;
*28,374
railway
Operating
Operating
401,370
shares
transferred
to
is
paid.—
Corp.—Listing of Additional Stock—
400,840
stock
mon
on
1—
oper., income
/
931,289
735,256
connection
to
will
share,
137,294
income...
Jan.
Net
2
and
1944,
1,
and
1942
$420,279
railway
oper.
Net
1,324,978
2,216,099
Beneficial Industrial
able
October—
From
be
$1
30
Net
3,372,115
1,132,618
for
Atlanta & West Point RR.- -Earnings-
from
4,260,701
.
trustee,
York
in
for
capital
prin¬
104.75%
at
bonds
coupons
their
respectively,■ attached, at any time prior to 3 o'clock
Dec. 27, 1943, upon presentation of said bonds.—
p.m.
(EWT) on
V. 158, p. 2039.
Gross
.
2,286,526
$555,520.—V. 158, p. 2152.
cipal
Net
Dec.
applied
bonds
outstanding.
and
New
additional
issuance
able
P. Luquer, Secretary, on Nov. 30 announced that there has
deposited in trust with the Central Hanover Bank & Trust Co.,
corporate trustee, 70 Broadway, New York, N. Y., cash sufficient to
pay the principal and interest to maturity, July 1, 1944, of the entire
was
Aircraft
35,840
Evelyn
It
America,
The
of
been
*
2,935,034
for
This
common
Dec.
■
retirement,
North
Bell
'
Atlanta & Charlotte Air Line Ry. Co.—Redemption
first
6,167,120
*214,821
ry. oper. income...
543,384
"'Deficit.—V. 158, p. 1821.
of
8,543,991
called
common
regular quarterly dividend of 50 cents per share on
stock, par $1, both payable Dec. 15-to holders of record
Dec. 3.
A quarterly distribution of 50 cents
per share was made on
Sept. 15, last,_ as compared with 40 cents per share
paid in preceding
quarters.—V, 158, p. 1934.
& Paper Co., Inc.—Bonds Called—
been
Dividend—
Bond Stores, Inc.—To Pay Extra Dividend—
$52,500 of first closed mortgage 5% sinking funds bonds, due Dec. 1,
1949, at 101 and interest. Payment will be made at the Trust Company
2,837,373
Net
amount
have
Corp.—Resumes
of five
The directors
1822.
p.
2152.
p.
$1-,
par
share
of
6,022,295
railway...—
Bonds—
158,
There
'
'
31,767
.
income—
oper.
Bedford Pulp
30,979
43,572
*
85,533
138,646
Ridge
158,
1940
$225,826
205,107
the
railway—_
railway
from
1940
$440,840
$605,536
181,776
'' -'36,004
railway.—
railway..,
income,,—
From January 1—
'
Gross from railway....
Net
'
1943
1941
$395,584
178,762
■
264,936
•
_
from
ry,
—V.
1942
645,668
income...
-Earnings-
$759,827
411,350
$1,065,296
.
Mass.—V.
cents per share has been declared on the
payable Dec. 28 to holders of record Dec. 6.
the first dividend
since June
1, 1937, when 15 cents was
V. 158, p. 288.
January 1—
Net
Earnings-
railway—.:
railway
oper.
Net
Atlanta Birmingham & Coast RR.-
1943
from
Net
series D 3Va% due Dec. 1, 1968 at 106 and
107,
with accrued interest in each
case.
Payment
the State Street Trust Co., trustee, State and
Congress
Boston,
dividend
stock,
'
Net
and
together
made at
Blue
shortage
the
1965,
be
Streets,
885.
p.
1,
respectively,
Rehabilitation, construction and mine development expenditures, etc.,
between June 16, 1943, the date of the cave-in, and
Sept. 30, 1943,
amounted to $359,225.
Progress of rehabilitation work at the property is being carried on
1943—10 Mos.—1942
7
Railway
Railway
Railway
operating
Ey. and Panhandle & Santa Pe Ry.)
2247
2243
THE COMMERCIAL &
Bush Terminal Buildings
Celanese Corp. of America (&
Co.—Earnings—
'
(Exclusive
of
Bush
House,
Ltd.,
wholly
a
owned
subsidiary)
9 Mos. End.
Sept. 30—
.1943
proiit™™—™—™—
t$509,242
*Net
Earn,
*
shr.
per
After
pref._,__™,
on
depreciation,
deductions,
$43,010
interest,
tlncludes
profit on
1942.—V.
in
158,
amortization, Federal
12 Mos. End.
Gross
bell.,
income
Non-recurr.
Total
Int.
Quarter Ended Sept. 2C—
profit
*Net
*
After
for
1943
$57,350
1942
$61,388
$0.09
——--—-—™™™
per
$0.10
share—......
common
1941
t$6,461
Nil
shares of capital stock.—V.
of
for
1943—9 Mos.-!-* 1942
$4,302,759
$4,220,976
2,671,790
2,331;616
179,477
179,439
239,252
$1,451,492
$1,709,921
$2,047,634
inconie,1 net, Dr..
5,914
29,787
8,282
income
income
Total
income!—:_!_—_
$2.68
$5,748,090
$5,657,507
3,461,204 "
3,187,310
elec¬
$1,445,578
——...
deducts.-:-
$1,680,134
:/<
538,513-
$2,039,352
income
$907,065
81,300,835
$896,099
with
$6,083,790
12
months
the
on
$3.82
ago.
share
per
to
Federal
income
taxes
287,280
207,000
'Adjusted for comparative purposes to
provision for Federal excess prdfits taxes for
Sept. 30, 1942,—V. 158, p. 2153,
share
per
the
to
excessive
cents
per
October—
Gross
railway—
303,503
labor
0C0
and
the
'
Nov.
on
26
announced
tion
1940
$150,064
62,226
78,880
96,066
Net
86,430
43,814
95,638
1,765,018
1,564,890
unit will
new
next
be situated
V 645,219
present
Md.,
765,491
fro
ry.
—V.
47,684
No.
January 1—
from
Gross
Net
Net
>
railway——
1,562,762
mrailway
158,
480,902
income—
oper.
477,112
-
the
tota.1
corporation
The
New
notice
have
declared a quarterly dividend of $1.50 per share
stock, payable Jan. "3 to holders of record Dec. 3.
This compares with ouarterly distributions of $1
per share made during
the current year.
In addition, the company on April 1, 1943 paid an
extra of $2 per share.—V. 158, p. 385. <.
v v
'
of
of
Gross
1943
from
Net
The
Net
ry.
Gross
*58,133
*33,541
43,233
*6,801
*108,654
*90,883
*16,235
*50,394
from
from
ry.
*
1940
income—
oper.
Net
1941
$139,400
•
;
railway
shares
158, p.
1,792,500
1,639,950
of
5%r
*20,803
149,494
at
*'733,957
*456,573
special
meeting
of
rock
of
Insulation
the
Inc.,
assets
corporation
for
services
Process
ties
Operating
revenue
Operating
expenses
Net
—V,
37,585,000
9,239,000
8,903,000
81,357,000
Net
From
Gross
Net
ry.
158,
1941
1940
$508,709
243,366
$222,472
$193,340
25.6.99
45,565
191,115
*6,223
5,389,605
*4,246,015
3,035,263
926,004
1,904,517
1,331,506
','*.-544,618
railway™!
railway
income
$89,226
•'
$120,637
$116,822
*14,721
*61,957
*48,840
From
Gross
*39,782
1,115,822
1,192,126
1,166,371
*188,942
*65,352
*95,730
*522,061
' :
,
*364,913
'
'■
26,344,166
™—
20,502,749
_______
directors
$
$ '
1
^
;
amounts
The
and
Dec.
ment
for
declared
disbursed
were
21,
85
also
earnings
■
Dec.
38,603,27*8
a
of
50
the
to
holders
of
1,
July .1
and
April
.'225,254
the
Oct:
income—.
718.425
deprec.
fourth
of
requirements.—V.
such
158,
allocation
of
quarter .to
earnings
p.
the
to
1527,
$125,000
1,
Int.
be
,
property
placed
4.
18,190,671
.5,248,973
1,,794,875
3,679,933
413,360
1,536,000
-•
in
7
un¬
adjust¬
reserve
:
income
other
and
856,500
$169,059
.™
deducts.
Shares of
common
Earnings
per
*After depreciation,
For
to
or
51
the
a
share
$305,025
240,000
240,000
$1.27
Federal income and excess'profits taxes.
quarter ended
cents
1942
$419,205
$1.75
stock—
share..:
1
158,
1822.
p.
$2,183,880
on
1943, net profit was $121,587, equal
the capital stock, as
compared with $92,607,
39 cents a shars for the September
quarter of 1942.—V. 158,
p. 1632.
the
will
net
income
after deducting
date
note
shall
will
59,333
'^667,859
i-
of
of
<
are
Stuart
41,800
41,800
•
■
'
,
3
;
offering
and
Power
&
Co.—Bonds
dealers,
of
company
earned
first
Stucrt
98.269.
sociates
Two
such
on
Cor.
other
Inc.,
bids
were-awarded
were
with
second
were
and
associates
-Business
cold
Co.,
submitted.
price
a
of
in
in
rn.1
series
A
&
the
issue
Lehman
97.523,
their
at
97.139.,
.
south
storage
the
12
and
Sjuthwest
sells
business.
months
•
Texas.
water
.
•
ended
and,
It.
to
.
also
a
and
.
.extent,
and
Fisk
1343,
be
the
company
the
purchased
>
&
and
■-',
.
Co._l
lo
by
prin¬
them,
■
$150,000
—
150,000
150,000
—
1,600,000
Alfred
1,600,000
George V. Rotan Co.—
150,000
I. M. Simon & Co
150,000
Wm.
&
300,000
O'Gara
&
Staats
R.
Co..
W.
Thomas
S.
&
150,OOC
Wheelock
3J0.000
Inc..
Bruce &
&
Bond
Co.—
100,000
Leary & Co._
100,000
Barrow,
Eurns,
City• Securities. Corp.. ,,:;
Coburn & Middlebrook
,100,000
Courts;& Co._—
100,000
J.
Francis
200,000
•
L
Farwell,
200,030
duPont
Chapman
First
Iiill
200,000
Cleveland
&
Company
200,000
;
Co._
a
derived-ap-
20Q,000
Park
-
Shaughnessy
&
;•
200,000
Thomas
Weil
Arnhold and S. Bleich-;
1
roeder, Inc.
—V. 158, p. 2153.
on
were
100,000
■
F.
&
&;
S.
Inc.
150,000
100,000
& Co._
,
Co
&
Co.—
Yantis
100,000
130,000
,
'
Arnold
&
Co.,
100,000
100,000
-
100,003
———_
Edison, Inc.—Dividend No, 4—
Nov.
stock,
1940.—V.
;
Kendall, Inc.
Russ
Central States
,
Quail & Co.—
___
■
100,000
150,000
16,
100,000
Patterson, Copeland &
200,000
amounts
100,0o0
Newburger & Hano—;
200,000
Dec,
100,000
.Murphey, Favre & Co,
200,000
Boyce—
common
100,000
Co.
Brothers
directoi-s
100,000
,
'—
Daniel F, Rice
the
'
—_
200,000
■„_!—
The
100,000
100,000
200,000
on
Corp,..
Co
Mason, Moran & Co._
Metropolitan St. Louis
&
.
,100,000.
—————
Janney & Co.
Singer, Daane <& Scrib&
&
Co.,
'
Writer &
Bros.
100,000
&
100,000
Exnicios &
Inc.
200,000
Co._
Ch'ristensen,, Inc.—_
Robinson-Humphrey Co.
Aimstedt
100,von
100,000
Ferris
200,000
'
ner
100,OuO
Co.
Co,__
Securs.
Co._
Co.
200,000
Peters,
&
JVt Dain & Co,-—
250,000
200,000
_.™____-__^
Potter
250,000
Co.,
Leonard
100,000
250,000
Co.—
&
''
250,000
Co., Inc.__
Masten
125,000
—
Bankers
250,000
Co._
&
150,000
150,000
Cummins,
Atkinson, Jones & Co.
Co.,
&
&
•
23u,000
Co.—
Stein
150,000
,
White-Phillips Co,, Inc.
Wurts, Dulles & Co.—
250,000
.
Kidder &
E.
&
300,000
Co.™
Dickson
M.
Dabney
Tyson
Sons,
250,000
Like
3b
said
prior
1,600,000
l,600,0i>0
_
sells
conducts
not
300,000
_
Nashville
.
Boston
•
manufactures
minor
s to eft
event
Mahan, Dittmar & Co.
Martin, Burns & Corbett, Inc.
1,600,000
Inc.—
Mullaney, Ross & Co,_
as¬
First
;
Aug.
to
.
$3,175,000
1,600,000
Ames, Emerich 61 Co.,
Inc.
Hi-tcry—Company is a public utility engaged princi¬
transmitting, distributing and selling electric en¬
and
underwriters
Bioren
Co™
Morris Mather &
bid
Brothers
The
and
but
agreed
.
Co.,
■
,13 t
mortgage
on
to Jan,.
preferred
which
date
'"wacnob-Benaer Corp,.
the
subsequent
in
several
bonds
follows:
as
&
of
names
Inc.
generating,
distributes
For
third
earlier
an
the
011
$900,000
not
1, 1945,
earlier date
150,000
A.
'
pally
ice,
&
accrued
of
at
which
but
Oct.
150,000
Co.,
Kalman
Offered—Public
$25,000,000
before
Co.™
A.
made Dec. 2 by Halsey, Stuart & Co., Inc.,
was
associated
earriej date
or
Townsend,
&
Moore,
Lynch
Light
such
011
$450,000 in
unless
sum
Laird, Lissell & Meeds
501,603
'
<7"
of
1,-1950,
the
the
prepaid
—_
Fenn
Heller,
$1,375,808
$1,516,020
501,606
the
ol
sum
on
prepay
dividends
all
the
Walter Stokes & Co.—
R.
707,936
$110,536
income
prepaid
to
April
equal
be
be
(e)
maturing
,
$2,083,745
52,951 i-
preferred stock
on
ergy
Sept. 30,
note
note
amounts
Weeden
bonds series A 3Vs% at 99V2 and interest to
yield 3.i5%.
There are 76 investment houses associated with
Halsey,
Stuart & Co., Inc., in the offering.
The bonds are dated
of
1943
'
net
equal
750,000
E.
955,000
$169,869
'$116,108
from
400,000
!
891,300
253,477
Issued
the restrictions thereof,
Board of directors may
to
the
as
be
may
,
tne
of
1945;,and
Ranson-Davidson
,
,195,645
1,144,800
230,045
—!!_'_!__
income
Halsey,
Sept, 30—
profit..:
1,
Cooley & Co.—______.
Ira Haupt & Co.—_
Mitchum, Tully & Co._
,524,000
1,169,768
taxes.
subject
series
date shall
Gregory & Son, Inc.—
Hirsch, Lilienthal & Co.
Llair, Bonner & Co.—
1943—12 Mos, -—1942
123,000
bonds
1945.
1,
,
Castle & Co.—Earnings—
9 Months Ended
*Net
$450,000
July
said
Harvey
13, ,621,614
profits taxes
Central
last.
30 cents
from
one-hair
said
Br.ker, Weeks & Harden
$909,184 $11,518,350 $10, 926,059
357,8.8
4,627,402
4, 276,369
128,000
additional
Indi-.,iui._J™_—™.':200,003
Gross
Dec.
date
"
and
—
income
exc.
—-V.
'
the
$1 ,607,776
Co.—-Earnings-
'377,939
,
92,690
202,180
Burr
247,729
$935,043
Share;;
31,138
that
indenture
Inc.
376,253
558,773
taxes
Federal
the
Cohu & Torrey
__!!__—
+5,600,000
239,401
Keal'j Stearns & Co.
1,033,367
1943—Month—1942
$25,000,000
250,000
of different
the indenture
Wertheim & Co
8,006,482
5,923,425
1973
v
A. C. Allyn & Co., Inc.
Blair & Co., Inc.—
Lazard Freres & Co.__
share
1,
1544,
cipal
1940
$2,102,501
23,554,837
1,
(par $100)
provide
after
respectively,
of
$3,095,338
1,402,935
31,232,587
12,163,985,
7,408,333
expenses
for
due Nov.
Financing
par)...
Underwriters—The
17,422
1941
such
Authorized Outstanding
...
(no
under
$450,000
July
1934.
p.
revenues
ProVis.
Divs.
per
record
1, July 1 and Oct.
cents,
approved
for
1,
Nov. 1, 1943 and mature Nov. 1, 1973.
(A. M.)
said
Phelps,
1942
?
with
may
earned
to
Ry.—Earningsr.
many
on pre¬
$450,000
tax
f
together
as
company
stock
448,415
profits
company
-
Inc.
amortization
$5,263,000
cents
21
excess
37,723,923
$6,172,000
dividend
Federal
'
"
;
the
of
.lu--
will
time
prior
-V
cPeriod Ended Oct. 31
General
,1942
April
on
follows;
as
$30,000
and
reserve,
post-wgr
18
of
bonds,
funds
A,
ser.
stock
earlier
an
ferred
*1,028,473
credit
the
■
cumul.
number
alter
564,395
railway.™
oper.
158,
Fed.
5,713,182:
1943
stock,-payable
were
directors
distributed
Nov.
on
at
1,217,154
railway..——
Operating
•
209,925,848
17,081,050 203,760,193 172,201,925
—
common
to
arty
130,344
1728.
2153.
Payments in 1942
each;
post-wait
p.
of
subsequent to Jan. 1, 1944, after deducting all dividends accrued
273,593
1943
from
Gross
Capital Transit Co.—To Pay 50-Cent Dividend—
like
158,
the
sale
the
,
1943
_,^..ia.!..:!_!^_;!A--A--!!!!,—™—!,
on
$3,338,765
$25,000,000 series A boncb
that it proposes (a) to prepay on-or befbre
April 1, 1944, the $550,000
note maturing April 1,, 1:,52; (b > to
prepay on or before July 1, 1944,
the $525,000 note
maturing Oct. 1, 1351; (c) to prepay on or before
Oct. 1, 1^44, the $525,000 note,
maturing April 1, 1951; (d> to prepay
on or before Oct,
1,1S45, the $450,000 ncte maturing Oct. 1, 1950, unless
$2,592,180
80.368:
—
profits tax——
Central Illinois Light
1943—10 Mos.—1942
21—,
earnings
the
_™
21,981
$2,948,317
but
will not fix the total amount of bond,:
that may be issued thereunder.
'
/!■/-'
•
f At the instance of the SEC,
company has stated to the Commission
January 1—
ry.
—V.
Net
The
31,
called for redemption
$3,215,205
from
t
22,799,232 242,363,471
5,841,417
Week Ended Nov.
on
July
bonds,
Determine,
ot
*375,528
.
1943—Month—1942
_______
debentures
railway——
Net
984,178
*424,519
,;
iVz%
railway™—
oper. income™
Net
1
Gross earnings
Working expenses
hi
_!.!iru.-.u--!-'i,.i-™!lJ!!iu:_!-^.;!uiA.:...%/!v$433,04&-
from
ry.
*14,005
*109,504
Period End. Get. 31—
Trafxic
Ended
$3,380,722
$3,316,784
7,733
•
paid by the company out of its general funds. !
pre.erred
time
premium and unamortized discount
from
Net
$83,288
*26,410
1940
Canadian Pacific Railway—Earnings—
—V. 158*, p.
Months
9
V
be
be
'Indenture
certain .liabili¬
assume
—
deducting
Net
1941
cper.
earnings
Statement,
October—
Gross
1942
.
•
Net
$T,000 in cash and
$2,940,583
5,259
f
.
year
one
general
Otis & Co.™
Vermont—Earnings-
'
income™
*801,321
*
Deficit.—V. 158, p. 1822.
■
■
ry,
dissolution
$3,364,943
from
Debt—
Common
freight, allowances & discountsI $17,380,992
selling and administrative expenses)-14,768,812
Central of Georgia
From
January 1—
Gross from railway.™
Net from railway™™
;v b'/e
427,492
69,636
from
profit
*, >After
$114,919.—V.
>'
1943
ry, oper.
Net
the
with
$3,375,463
>
8,649
■
for the assets of Camp-
pay
$3,356,294
_
Shares
Insulation' Industries..
for
connection
570,927
485,000
110.700
the
Preferred stock,
7%. preferred
Halsey,
750,407
Canadian Pacific Lines in
from
attorneys
in
852,60!
3,332,11
2Va%, 2:,/4% and 3% notes; due serially Oct. 1,
1943—April 1, 1952
$2,672,548
on
Federal excess
2,441,307,
1,755,474
October—
Net
amount
undisclosed claims unknown
operations—!——™
—!—_
.^A,.!—>!!————;
Other income -taxes-
1822,
p.
Funded
7,885
,0'
Gross
total
Federal normal and surtax-^..—
2,424,546
.
oper.;,income
Net
from
expense
Net
January 1—
railway™.
railway™™-.
Deficit.—V.
of
sum
Income
income.
and
165,305
from
'
to
959,003
388,000
charge for
will
1st mtge.
30,
Total income
Maine—Earnings—
1942
;
from
Net
$1,000
expenses
Write-off of redemption
212,794
income
oper,
upon
(after deducting
profit
Other
71,664,000
$524,237
railwayrahway__*
from
ry.
$20)
(par
Company
on
1,407,12£
•1,014,146
Capitalization Giving Effect to Present
8,000
event
1943
from
Net
stock
of
Interest, amortization of debt discount and expenses, etc™.
Provision for depreciation, depletion and amortization
October—
Net
listing
Industries,
to $5,000
up
605,96,
1,489,523
853,700
™™
to
are
one-half of
revenue———
Gross
the
'
150, p. 1728.
Canadian Pacific Lines in
*
§
products.
667,431
be re¬
applied to the redemption, at 105, of $25,000,00
iirst mortgage bonds,
series A, 33/4%i, of the company, due Aug.
1.
1969, the redemption of which bonds will require, exclusive of ac¬
crued interest, $26,250,000.
The accrued interest on the bonds to b
to approximately $4,700.The. management regards the
to be .paid for such assets to constitute a fair measure¬
of the value of such assets being acquired.
Net sales
from
quired,
amounting
the
Cost of sales (includ.
r,
36,002,000 364,534,000 306,823,000
27,039,000 233,177,000 235,165,000
23,346,000
_™
:',V'
'
Oct.
on
Company also agreed to
Co.
Consolidated
$
authorized
835.699
1,470,547
offered will be $781,250.
amount
$9,514,5%
3,524,928
taxes
income
interest
Aug. 311, '41
3,674,677
<
taxes.^
Purpose—^Proceeds
consideration
Ry.—Earnings1943—10 Mos.—1942
and
and
corporation.
ment
.
1943—Month—1942
wool
Industries, Inc.,
boll
*621,565
Canadian National
The
12 Mos. End
1942
•
1,049,057
-exc.-profits
Cumber¬
shares.
a
such
to
*85,935
*1,060,455
Period End. Oct. 31—
has
cumulative .preferred
manufacture
Insulation
1,321,278
*512,719
1728.
at
1728.
issuance,! to acquire certain assets, making the
directors
ssii
1,443,500
,
income—
oprr.
$131,382
■.
railway——
Deficit.—V.
$221,649
vitally
are
authorized the pur¬
chase of the assets of Insulation Industries,'Inc. (Mich. ), engaged -in
the manufacture and sale of rock wool products, and
the assets of
Campbeil Process Co. (Mich.), including a patent having to do with
-Earnings
Income
!<
.
1,508,453
—
Net oper. Income™
Other .income
has agreed to pay
Inc.j, 8,000 shares; of 5%
cumulative preferred stock and $7,500 in cash, also assuming certain
liabilities aggregating approximately $33,500 and agreeing to pay to
$152,990
From Jan. 1—
Net
1^42
158, .p.
taxes
Gross
1941
-
899,679
depreciation-
redeemed
for
railway*.—_
railway—!—
from
opera^
of ground.
plant are acetic
plants
producing
yarn
Exchange
the
October—
Fed,
$5,000,-;
now
has
$103,391,350.—V.
Stock
applied for 156,862 V'2
common
Canadian National Lines In New England
General
V
4,073,414
acres
which
of
1940
'
,
$12,148,598 $10,966,232 $10,152,401
^
Corp.—Listing of Additional Preferred—
York
additional
Cottons, Ltd.—Larger Distribution—
directors
the
on.
assets
Celotex
The
Canadian
the
——Years Ended Dec. 31—•—
;
revenues
for
Federal
Car.;
showed
1822.
p.
erection1 of a
scale
and
444,969
751,373
From
Particulars-*
.
site covering 300
a
this
estimated
Operating
Operation
the large
for
Texas,
'
year.
on
In
estimated
an
an
,
Narrows, Va.; a yarn spinning plant at Burlington,
weaving mills at New London, Conn., Willamsport, Pa., and
Staunton, Va., and a plastics plant at Newark, N. J.
The corporation, according to the balance sheet as of Dec. 31, 1942,
1,274,832
804,849
656,039
At
land,
81,462
income
oper.
miles.
for
Prov.
the
for
plans
through pip
accounted for about 21%/
c
'About one-half of the ice man
purposes
company.
Maintenance
which is expected to cost in the neighborhood of
during the latter part of
the
!
v.'"'''.■■■■V''
>
of
Summary of Earnings
important in several industries.
1941
$194,471
>
$178,661
earnings
.help; !"!!;■•:
unskilled
of
use
industrial
with
Among the chemicals to be manufactured at
acid, acetone, menthanol and formaldehyde all
Ne.t from railway
ry.
compare^
as
an
territory the company provides direct electri
population of 489,000, and direct water sei;y
population of 136,500.
The territory served b>
the company has a
variety of natural resources, including oil, natura
gas, gypsum, sulphur and lime, and embraces several areas with dis¬
tinctive characteristics.
One of these, the Gulf Coast
area, adjacen
to Corpus Christi, produces oil and natural
gas in notable quantitie,
and has large reserves of natural
gas.
This area also produces cattle
cotton, winter vegetables and feed crops.
"
compared
with
yqill be .built with private funds and is expected to be in
This
,
outstanding
quarter,
other
revenues
for
ice
:
third
share,
common
turnover
corporation
The plant,
adjustment of
1942 made subsequent to
1942
w
$157,670
stock
the
for
service
1942,
for
plant at Bishop, near Corpus Christi,
production of a wide range of chemicals.-
Earnings—
1943
from
common
period.of
operations
new.
;
Cambria & Indiana RR.-
of
comparable
from
and
electric
square
a
36 cents
for the second
quarter, were adversely affected, Dr. Dreyfus explains,
by the aftermath of the explosion at-the Cumberland, Md. plant which
occurred
in June
and further, by the manpower shortage,
resulting
650,190
356,280
effect
outstanding'
!"v'/.V':',!
$1,118,319
685,096
470,155
equivalent
stock and
are
shares
common
'
$2.06
for
results'-
The
525,249
the
on
1943
common
communities
,
$8,719,882
$6,277,433
30,
Sept.
outstanding
unincorporated
by the company each .year is sold to domestic and com
mercial customers;- the balance is sold to
shippers for the refrigeratioi
of fruits, vegetables and sea foods.
Changes in crop and market con
dltions result frequently in sharp fluctuations in the
demand for lc(
for the shipping of fruit and
vegetables! Two small subsidiaries 0
the company supply
electric service at retail in two towns on ,th<
Mexican side of the Rio Grande River.
\'"i
;
'
!
The territory in which the
company renders electric service at re
tail is located in 46 counties and
compfomise an area about 55,00
net
equivalent to- 68
;
Taxes, other than inc.
$7,640,562
ended
present
New Texas Plant—\
tlncludes;
the
;
•
■■
$2.80
The
$2,180,110
1,061,791
738,517
784,035
share
per
equivalent
in
Net
:
-
and
at wholesale, to eight rural electric CO
date, the company sold ice at retail in 4'
wholesale in 16 communities and supplied iwater
ufactured
profit of corporation for the first nine months oi
1943, after provision for Federal taxes on income,, amounted to -$4,622,518 compared with
$5,651,238 for the corresppndipg period .lsisjt, year.
After preferred dividend
requirements, the' nine months earnings are
$2,230,916
50,806
Gross
-1,000,000
cities,
and,
same
made
now
lines
60.00C
$19,182,160 $12,186,906 $11,445,117
" 11,541,597
5,909,472
2,725,236
9,660,925
income,for the
with
Other
64,361
•
tax.
Consolidated
239,281
income..—
oper.
of
plant-
Net
are
»..)•
contingencies
compares
1943—12 Mos.—*1942
taxes-
and
tric
inc.
174
areas
almost entirely from
depleted stocks on hand.
Com
pany has no present intention of making any major change in th
character of its business.
For the 12 months ended
Aug. 31. 1943, th
sale-of industrial
for the irrigation of vegetables,
power
rice/an-;
citrus, groves; for the pumping of oil from walls' and
,
$16,730,715
Fed.
in
rural
at retail, to 20,488 customers in
22 communities and, at wholesale, fo
distribution by others in three communities.
As a part of its load
building program, tlie company sells
appliances; sales ,,of appliance,
592,301
.
256,421
i:'1,
v-.-'-.ri'.' 'Sv-«.* V;
>,'•
!—,— ; ; CV60.000
J. ';■}•.
Celluloid '
Net
to
revenues——
lease
254,274
n
;
—
Net
year
exps.
in
322,164
830,963
customers
adjacent
operatives.
At the
communities and at
67,887
56,644
6,4,499
1■__!___
890,582
in-,.
of
income
for
Prov.
California Oregon Power Co.—Statement of Incomeperiod Ended Sept. 30—
for
50,769
1,218,572
—
'
tOper.
in
Stock
t
Rent
86,134
:
1128.
158, p.
Exchange has authorized the listing of $16,000,000 first mortgage bonds, 3'/aft series due 1968, all of which are
now outstanding.—V.
158, p. 2153.;, '
"'J
V,'i! /'
Operating
238,601
,
&
prem.
expenses
vestment
Corp.
California Electric Power Co.—Listing of Bonds—
York
$20,208,258 $17,779,061
4,091,841
3,613,994.
b,820,243
$22,309,588 $23,618,469 $16,116,417 $14,165,067
debt
etc.,
debt
discount
Net
New
1940
inc.. ibef.-depre,, $22,548,189 $23,669,239 $16,180,916 $14,289,598
4,281,737 : . 3,402,223
2,906,627
2,127,81f
Prov.
The
7,ol2,18b
exp.
(net)—
debsn
on
Amort,
charges and provision of $35,000 in 1943 and $40,000 in 1942
income
and excess
profits taxes, but before depletion.
ion g00,000
1941
income——-; '"i—i'';
Adjust, in equity
Federal
tLoss.
1942
Monday, December 6, 194
proximately 73.8% of its operating revenues from the sale of elec
tricity, 19.4% from the sale of ice and 6.8%' from the sale of water
At Aug. 31,'1943, the
company; supplied electric service, at retail,
%
Subs.)—Earnings—
.
Depreciation;™——
Butte Copper & Zinc Co.—Earnings-
iEarnings
1943
.
$29,821,774 $30,438,713
oper.__
adm.
gen.
Misc..
and
1943
from
Net oper. profit——,
other
and
in
inc.
1631..
p.
Sept. 30—
.
$5.72
taxes
bonds purchased; $29,818
>■
1942
f$400,475
$7.27
'
FINANCIAL CHRONICLE
29
declared
a
dividend
payable Dec. 10 to
paid on Dec. 21, 1942,
158, p. 2153.
of
holders
on
Dec.
10
cents
of
20,
.
per
record
1941,
sha:
Dec.
and
c
Volume
Centra]
Gross
from
9Prom Jan. 1—.
Jross from
from
Net
ry.
rr—-V.
$3,280,584
293,645
.
36,289,273
29,635,513
7,056,441
the
on
Dec.
289,045
on
Sept.
to
•„>
railway...
47,707,864
53:378,327
■
railway—-..
15,249,267
5,301,894
9,902,909
4,493,480
15,252,786
oper,-income.,
7,473,458
10,
declared
Nov, 26
on
stock,
common
899,117
10
Net from railway-*
Net, ry, oper. income.,
Net
$5,249,289
$4,001,471
1,879,725 "
534,562
1,039,711
281,980
$5,236,394
1,316,558 •
railway——
directors
The
1940
1941
194?
104a
'
■
1728.
p.
t
—
•
;
...
:
j
Net
Roads to be
At
the
peake
Gross
j- :Y //
,,
of
'0
J1
,-7; .7•« y//.^ Yyy' > v i
1
quarterly in
1942,
Dec.
Similar
10.
distributions
7
;
"
1943, and, in addition, the company on Dec: 26,
dividend of 50 cents per share on this issue.
one-tenth of a share of new $100 par 3%%
extra, cash
distribution
of
share of common stock held has
been held up subject to the approval of the Interstate Gommerce ConG
mission.
It had. originally been declared to be payable on Dec. 1 to
holders df record Nov. 1.
; 7:" 7 7'*".; :y' .//;■'1 .-y:/,7- :■. •.//;
"...
The New York Stock Exchange ruled that the common stock be not
cumulative
for each
preference stock
quoted "ex-stock dividend" until further notice, and that all deliveries
f
fter
Nov.
1). 2153.
and until further
1943,
1,
7':
.'/•/;.'V
notice, carry due
bills.—V.
158,
..,7;77;/ N'i'ji,>;,vy
'7;.;
•
The
an
able
20 740,086
15,696,749
7,617,955
'32,748,252
income.—
oper.
158, p.
1823.
.>../'
*
October—
per
2,404,774
•
oper..-incomej—
''
ry.
2,426,260
1,312,584
1,670,312
24,204,869
Net'
ry.
531,128
Net
from
Net
ry.
">
453,910
6,976,908
4,223,375
income1823.
2,615,828
1,387,512
3,741,374
of
$1
paid
on
the
same
as
j-'
share ^and. the regular semi-annual,
have; been declared on the common stock,
sinking
fund
fund,
total of $356,000
a
made
New- York,
Y.—V.
N.
and ref. mtge.
of 1st
157,
dividend of $1
Nov, 24 declared a
on
extra
dividend
of
of
75
cents
share'and
per
usual
the
quarterly
share have been declared on the common stock,
both payable Dec.: 13 to holders of record Nov: 26.
Extras of 25 cents
each .were paid on March 31, June 23 and Sept. 27, last.
1
'
the
During
and
Dec.
18, 1942.—V.
157,
and
each.—V.
cents
made the following extra pay¬
June 23, £0 cents each; and Sept. 28 and Dec. 14,
year-1942,
158;
the company
886.
p.
' '
,7
•-*_
'
;
from
Gross
railway:*..—.
1,427,779
533,307
1,259,423
.346,054
30,302,166
10,874,587
railway.—.
railway-.
Net ,r.v.
income—
oper.
158, p.
•t
'
1940
1942
$1,076,426
$769,896
$624,061
443,062
182,197
159,757
310,052
from
Net
railway..,
cper. income../
1941
'
1940
'1942
$17,354,401 $11,256,021 ' $9,838,455
3,418,302
; 3,792.764
8,149,302
1943,
$20,519,433
,9,597,131
423,164
v
tion
.468,083
18,649,270
7,803,188
.
.
'5.004,470
.
15,143,814
5,743.,618
*
yG^'f Ah
1,923,993
2,597,315
railway.:.178,815,683 132.541,814 .96,951,416
Net from' railway-,.,A*-■ 82,559,926/ 52,450,128
30,433,239
Net ry. oper, income...
35,077,674
28,424,261
16,527,655
79,719,299
20,210,504
9,432,769
Net
ry.
2,603,582
4,515,073
.
stock,
From. Jan. 1—
from
Gross
of S3
was
d'ach
—V.
;
158,
23
p.
per share has
holders of
to
1822.;
.
,••/,
Gross ,from
,
From
railway—
income
January.It"
.211,924
2,857,404
railwayfrom: .railway, 4.—.k- •'
ftfet ry. oper. income..:^-V.' .158, p. 2153.-1- '
10.195,965
Net
October— "
3,313,239
*19,367,301
■
6,2.92,232
5 ;2,854,554
,1943
:
'
"Total
•
.
$2,69.9,706
income:
From January 1—
Gross from railway'-/
334,324
25,041,268
Net from, railway——
9,804,567
*:
,
Gross
$1,421,646
Income
398,086
195,269
12,834,439
15,257,131
4,102,054
1,696,381
:
2,645,740
the
of
the
3,208,337
.2,618,433
-V.
889,872
oper.
ry.
oper.
158,
income-
685,732
1,682,763
;
..
deductions
■;
'■
..
Securities
and
*
8,825
'$364,111
:
,
$435,020
301,029
"Includes tYxes
—V.
153,
240,331
468,604
233,493
inc.
from
17,815,984' *15,166,256
4,031,634
6,142,943
1,065,694
2,430,87.4
20,834,948
.,,
9,183
,
$475,710
;. $152,405
$194,001
1 ..,'$79,477
.$152,803
$104,708
Clark Co.—To Pay Larger
dividend
of
$1
1943
.October—
iross
from
let
from
let
ry.
.railway—
$520,475
-
-
'
/
:
1940
;
$542,307
$578,296
251,936
211,916'
178,169
93,109
93,623
115fG25
215,525
railway——1
'1941
1942
•
$449,691
•
oper.
From Jan. 1— "
iross
from
ret
from
/et
ry.
84,651
income—
•
'
.
1943
or
1942/—V.
9 Mos. Ended Sept. 30-,—
259.
155, .p.
.
Gross
from
Net
from
Net
s '
''
-
*1943
'f
.
•.$2,189,1-75
-
'
1942,
'
after
1941
.
$3,621,73C
$3,273,721
interest,
ry.
railway—*—
oper:
Net
'Net
-V.
from
from
ry.
income—Y
railway
railway
oper,
158,
p.
Other
Consolidated
(less' estimated
5,035,406
4,449,049
3,828,355
2,061,952
1,831,476
1,308,668
and
,
Loss
Statement
/
y,
,
874,644
951,038
post-^ar
1942
1943
$1,171,160
$1,124,603
502,762
453,37.9
1941
1940
$1,027,343
"
$841,482
419,850
267,152
366,797
289,913
133,436
10,865,683
9,552.715
8,895,710
7,827,343
4,077,453
3,120,145
3,072,925
2,338,113
2,851,642
2,032,760
1,752,336
984,819
345,178
.
of >$18,550), '$464,100;
company's
consolidated,
Total
the
income—.1823.
months
and
exeesa profit's' taxes, in
Adjustment of prior! yeai":
$451,891; net, profit, $1,221,500,.'
•... .j.
share,-of net profits of, subsidiarief
up, amounted to $368,449 for the period
ended Sept. 30, -1943.
'
proportionate
not
provision
for
taken
depreciation,
depletion,, and
amortization
1943, was $850,504
for
(includ¬
ing cost depreciation and .depletion in the amount of $9,143 applicable
to. sales of real estate, timber and equipment) of which the applicable
amount of $381,556 was (charged to surplus
arising from adiustmen
of properties.for Federal income .tax purposes.—V. 1.58, p'.
1129.
317,234
,
Integra-
;■
..
p.
2042.
Operations
52 Weeks
.-/v-:"':'■■;.■■ .■/•/
Z"-V
'
/
:
14,538,416
3,672,954
12,596,797
11,507,970
■
3,897,233
13,796,819
2,697,416
884,051
297,743
315,664
"V,711,187., : 6,727,341
6,399,007
378,445
6,553,404
411,950
.
'
-
745,112
712,786
$5,343,863
$2,913,463
$728,634
$561,349
20,866
Drl3,122
115,409
■', 130,364
$5,613,595
$2.90(071
$844,042
$691,713
i'
profit
•
foreign.v taxes
longer required—'
no
Int.,
income
incl.
—
bank
of
exp,
"
• j
for Fed.
Prov.
(est.)
Inv.
of
June 29,"40
income.- (net)-
Total
.
(& Subs.)—Annual Report—
$32,423,487 $27,245,363 $21,643,691 $22,174,038
inc.
taxes
in
124,'
: 131,752
,
'
from
recs.
European
51,354
subs.
"L163,617
"145,420
;
; —tJ4,153
;
,
r
in
61,720
-
—Y~—Y—~Y 1-3,679,563
;•
.■
"94,380
-
..
invaded
countries--
33,793
—-—
Cluett, Peabody & Co., Inc.—Year-End Common Div.
directors
$1/802.280'
'206,261
dividends—-/
divs.
(cash)
$552,744,.
$1,611,659
*206,231
$512,186
206,251
206,259
183.134 ■*:
—
Earnings
have
declared
a
final
vsar-end
share on the common stock, payable Dec.
dividend
of
50
$1,412,834
surplus
Balance,
per
stock
;
.share
(no
cents
24* to holders of recort
*
—
$305,927
on
par)Y
$23,617
$346,483
$1,405,398
in
$4.36
1942,
$18,420 in
$3.84
1941
$0.95
and
$18,380
$0.84
in
1940
for
capital stock taxes;,,also {in, 1942 includes $370,000. for excess profits
tax.
tBy the corporation of bank loans of subsidiary companies oper¬
France and Belgium guaranteed; by the corporation in prior
resulting in a loss as indicated,
flncludes $109,563 capital
and, also Is after deducting $330,000 debt retirement credit
excess profits taxes which amounted
to $3,300,000. '
ating
in
years,
stock
on
taxes
(Including* Subsidiary
Sheet, As at June 30,
1943
Companies Operating in .the. United States)
Assets—Cash, $2,584,753; accounts and notes receivable (incl., $95,537
foreign customers and $23,547 from officers and employees, less
front
reserve
of
amounts
$148,000),
recovered
"$1,187,487;
from
film
advances
rentals
to
outside
(secured
by
producers,
films),
less
$195,876;
$14,558,489; net assets of subsidiary companies actively
operating in foreign territories' at May 29, 1943 (less cash remitted
to
New-York* subsequent to May 29,
1943, by subsidiary companies
operating in foreign terrotries, $361,593), $1,393,337; investments in
and receivables from subsidiary companies located in invaded European
and Far Eastern countries and in Spain and Japan (less reserves and
deferred income of $706,144), $9; sundry receivables (Including deposits
inventories,
of
$8,759
and
foreign
accounts of $44,309, less reserve
$231,351; fixed assets, at cost
$66,354; other investments,
depreciation of $2,107,119), $2,055,924;
ferred-charges, $310,109; total, $22,583,688.
for
$1,361,982;
ticipants,
notes
prepaid
of $49,712),
(less reserve
and de¬
expenses
Capital—Accounts payable and accrued expenses,
payable, $50,000; due to Outside producers and par-,
reserve for Federal taxes (est.)
(less U. S. tax
of $1,000,000), $2,600,675; reserve fcr foreign taxes (payable m
Liabilities
'
per
499,417
*
on
■.
../
Consolidated Balance
refund'of
period of three months ended Sept. 30,
The
35u,62u
l
52 Weeks
and ''
—
•
provisions-net $12,209),
810,259
of-three
'
profit
for the ithree months .ended Sept.. 30,
1943 followsincome, $1,993,219; .dividends received, $205,105; total, $2,198,323
Interest on long-term debt,: $65,128; provision for depreciation, deple¬
tion, and amortization, $459,804; provision for Federal taxes on income
The
,
,Corp.- -Progress
Statement
accessories—,
for
Res.
The.-.statement
'amount
667,373
230,590
June 28,'41
Gen., adrn. and sell. exp.:..
Taxes other than
Fed.
Total
not
■"
railway,——.
.
From January 1—
Gross
of
Cost
com.
v
depreciation")/depletion, amortization and
provision for. Federal taxes on income.
Y ?':
.*
*
"N.e.t, profit
estimated
660,576
1,120,661
June 27,*42
of prod, costsShare to other producers
Common
{
(& Subs.)—Earnings—
,"Net profit
829,519
income—
Chicago Indianapolis & Louisville Ry.—Earnings—
October—-
of- film
sales
"Includes
Cleveland-Cliffs Iron Co.
tlie.i
1728.
-V.158, p.
and
Preferred
Divjdcpd—.;
,
in
5,270,333
2,210,482
railway—V-
railway-—
oper.
V"
1,330,617-
per
payments were madfi
Y
1,514,207
667, :
p.
share ,has been, declared on* the no par value
common stock, payable Dec. ,14 to holders of record Dec. 4.
This com¬
pares with 75 cents "per, share paid on Dec, 12, last year.;
No other
.
38,083
■
?
M.
•
Amort,
323,3Q3
,
.
Chicago & Illinois Midland Ry.—Earnings—
58,650
40,C43
;
June 30,'43
rentals-
Net' profit—r„_-
356,176
22,886
52 Weeks
Faytnents
.$144,182.
inc..
011
1940
'$122,399
52 Weeks
loan
$123,73i
$142,123
—
,-
*Ul
71,561:
Exchange Commission."—V. .158,
Consolidated
Period Ended—/'•'■■/
$466,521
$433*205 1
5,817
./,.;*.
.
'$367,607
225,484.
income
Net income
5,035
*
.-v
734,065
5
1323.
p.
1,231,933
$362,512 : >■ $358,234
-*-.
748,594
"130,433
corporation
//;'■'kji/>•'>.i
Operating
$2,037,762
1,621,241
544,677
1940
1941
$2,038,452 .$1,908,470
7,399,721
Net
ry.
1,295,783
income
•=
$144,586
>
<
.>•
\
integration,''. Stuart
j
f
*
.
deduc
income
63,684
1,470,550
556,905
218,535:
.
1941
'
$152,736,.»
'/:.i
officers
taxes
1943—12 Mos—1942
$2,168,968
rev.
15,
15 and
Subs.)—Earnings—
1343—9 Mos.—1942
,
$3,590,227
oper,
Operating
1940 '
«-
Dec.
15, June 15 and Sept.
$1,658,2)9
-.
142,701
1942
$2,457,025
railway—
railway'-.,Y-
Net
Distri¬
March
on
revenues..^
(D. L.)
from
from
oper.'
Other
1941
634,016
■
Period End, Sept. 30—
/n'k'v
Chicago Great Western Ry.—Earnings—: ' ;
Net
1.
record
holders of
to
15
made
were as follows: March 16, June
15, 20 cents each; and Dec. 15, 40 cents.—V. 153, p. 2154.
Total
A
Gross
Dec.
were
1942
•
22,435
•
•
railway'..__
operated
from
Gross
'
$2,558,561 '• $1,713,878
1,127.878
•
441/741
'■)' 895,804
from
ry, oper.
•.
Earnings-1-
1942
7 >
$2,818,171
railway
Net
Net
$4 in December,; 1936,
; '■:
1943
,
the common stock,
A similar distribution
each In December oi
on
record
Chicago & Eastern Illinois RR.October—
payable
Citizens Utilities Co. '(&.
been deeldred
pec.. 13.
made 011 Dec. 22, last year, as against $2
year from 1937 to and including 1341, and
dividend
payable Dec,
$25,
988,312
59,812
i
v
accessories
common
last.,; Payments; during 1942
Sept.
$3 Dividend—•
A
par
butions of 20 cents each
1,769,039
'
1943
$148,5n4
railway..——
income.._
with
,
,4,037,685
share has been declared on the
per
2,932,323
i'rir.
Columbia Pictures Corp.
•
cents
5,292,807
2,>070,703
2,665,572
-
railway,._u.
Plan—
Gross
40
6,657/423
'
1728.
dividend of
81,784
8,529,794
are
"di'igently working on a pro¬
Crocker, recently elected President,
states in a letter fo the comp.iny's security holders.
' ••••
"
n ^"It -is our hope and bs/ief that, at an appropriate' time, a Satis¬
factory plan can be worked out in collaboration wiLh and in coopera¬
"'Cincinnati Street Ry.—Distribution of 40 Cents—
A
1940
223,913
1823. >
p.
'
;Ootobere-*'
>»<•.;•
Grots from railway.a..
1941
.347,083-
11,554,995
669,092
772,388
vr
3,854,861
5,173,285
of
•
823,488
oper.
The
$1,'665,911
$2,052,727
24,643,772
14,347,949
from
charge
•.
Ry.—Earnings-
Columbia Gas & Electric
It-'
From. January
from
i il
'1941
1942
■
oper. .income,..
from
ry.
—V.
1943 /
$2,680,073
Net
Net
Qhicaga Burlington <£; Quincy RR.—Earnings—<
ry.
tion
ii,!-
$3,124,410
Net
Gross
'
V.''
*1
;
in
1935.
p.
per
p.k519.,
railway—.2
158,
—VJ158, p.■1729. L"'-*!-.';:5
'
October—
Vice-President
$1,304,685
income...;
158,
from
Net. from
'
Cincinnati New Orleans & Texas Pacific Ry.—Earnings
v :
.
1943
railway
oper. income—^ v"
gram.'of
per
March 31
ments:
25
SI
ry.
.
24
appointed
railway—4,425,844
from
Gross
share on tthr
capital stock, par $25, payable Dec,' 17 to holders of record Dec, 7
Distributions oi' 50 cents per share were,.made on Feb. 24,,May 25
Aug. 24 and Nov. 23, this y.ear, and on Feb. 25, May. 26, Aug. 25.
directors
'
.
From Jan. 1—
Net
The
•>-'
from
Net
414%-sinking
Payment
Wall Street,
'
,
been
has
railway
opsr.
Net
Chesebrough Mfg. Co., Consolidated—Extra Dividend
:An
from
Gross
v;'-''"''X
Pay $1 Dividend—
" /
,v
.
—
October—
1, :1962; at 100 and interest;
2146.
p.
Chile Copper Co.—To
2189.
Colorado & Wyoming Ry.— -Earnings-
Bankers Trust .Company, - trustee,' 16
the
at
up
redemption date, convert this stock into
the. rate of £2 principal amount
company ,at
Southern
&
'
"Loss.—v.
has called for redemption as pf March 1, 1944, for the
bonds, series'D, due Sept:
be
The
N.
the
to
the
of
Millard,
from
Net.ry.
■
will
York,
from
Net
1942,
Dividends in 1943 will-total $7 per share,
1942,—V. 157, p. '1524:\'.v'
company
27,
1943,
Dec,
made
from
Gross
Chicago &. Western Iiidiana'RR. Co.—Bonds Called-fr
The
L
all of its outstanding
preference stock including preference stock
fuel, by-products and chemicals—V.
June 15,
in
Oct.
From Jan. 1—•
was
was
be
railway-——
railwayNet ry. oper. income....
$3. per
share
per
from
.caf'eH for redemption,
158, .p.
October—
Gross
of
period
and
redeem¬
Dec,
record
stock for .each ordinary share.
Because of the Christmas
termination of this conversion right as to prefer¬
for
redemption will be the close of. business* on
Colorado
212,728
.
both payable Dec. 15 to holders of record Dec. 1.
An extra
paid on June 15, last, and on Dec. 15, 1942,;while one of $3
$50,
par
dividend
extra
the
of
called
Douglas
Chicago, South Shore & South Bend RR.—Extra Div.
An
.
the 5 'b
pn
:
prior
27.—V.
Net
dividend
covers
stock,
preference
annum
stockholders
,
of 6^
rate
the time of
sales of
14,981,285
2,492,426
16,597,230
per
the
Colorado Fuel & Iron Corp,—New Vice-President—
2l4,l48
140,105
19,306,033
4,763,618
22,713,581
railway—i_.
p.
Dec.
$1,751,068
415,425
'
convertible
of 5%
payable to
payment
New
shares
stock
1—
railway-
oper.
—V.-158,
$2,299,504
Payment—To
interest,payment at
an
1940
1941
$1,911,295
739,133
538,28.) s
from
days
of preference
1
/
955,912
income„i.-
oper.
From January
Gross
1942
$2,590,461
railway.—...
from
Net
Nov.
dividend
five
ordinary
holiday
1943
\
is metropolitan
He
Ltd.—Interest
Co.,
at the rate
convertible
will
.
railway-—-
from
the board,
Ilolders^of preference stock may, at .their option, at any time
to
Chicago St. Paul Minneapolis & Omaha Ry.—Earnings
October—
elected to
1944.
Broadway,
ence
Gross
2,960,439
31, 1943, at the Guaranty Trust Co.,
Y., at par, in sterling.
In the case of
preference stock represented by scrip certificates interest from June 1,
1936, to Dec. 31, 1943, will be paid in addition to the par amount.
6,139,717
..*;*).'
3,613,053
4,609,954
series' B,
interest
1,
redeemable
140
14,885,851*
15,647,382
—V.
This
Jan.
80,732,563- 67,146,488
29,952,853
34,772,854
oper. incomes,
158, p. 1823:
;
ry.
5.438,925:
4,837,601
redeemable
6%
stock,
redemption
railway.^u-- 147,301,254 110,180,964
Net from .railway:—i/i-.* 63,567,803.
41,790,776
Net
the
on
income
Tne company also
$7,848,089
2,147,095
4,814,467
-
-
1940
$8,824,314
from
5,912,140
Development
annum
6%
1941
From January 1—
Gross
6,998,251
5,544,103
4,422,652
represented by outstanding scrip certificates for fractional shares.
•
:'.V
1942
1943
431,524
9,177,669
Cup Co.—V. 157, p, 1173.
interest payment
to
railway-/— $14,174,323 $14,428,661
5,381,502.
6,913,203
railway,**——
Net, from
Net
-
?
503,033
'10,236.833
directors.have declared
1943.
'
Y
from
Gross
made
were
2,042,689
15,988,439
ry.
325,233
10,662,848
Redeem Balance of Outstanding Preference Shares-r-
2,932,808
■.
7''
dividend for the fourth quarter
record
1942 and
paid an
The
of
holders
to
Colon
$9,620,272
„
351,104
301,959
Sperl has been
manager of Dixie
1940
1941
railway.
$14,862,628 $13 912,798 $10,560,479
2,551,392
railway*—.-—
5,885,122
5 320,195
1,365,363
oper. income—
5,050,944" . 3 427,746
■
The directors,on.Nov. 30 declared a
1943 of 75 cents per share on the common stock, par $25, payable
Jan.
1943
V
''v.;
1942
Chicago Rock Island & Pacific Ry.— -Earnings-
Regular Quarterly Cash Dividend on Com¬
;; 7;,7,
'
1940
$671,886
560,773
1942
Coca-Cola Bottling Co. of New York, Inc.—Director-
77,008,670
of $2
..'
10,353,205
25,888,209
.
.
24,555,735
—V.
1941
$984,180
641,007
income...
railway.—'.
railway:—
income...
158, p.. 1823.
21,475,420
91,523,967
,
Stock—
94,312,815
35,94 \507
From Jan.
Net
.
Declares
115,744,6^0
2 7,385,491
25
January 1-—
from
ry.-oper*
1—-.V'':,
Gross from railway—— 133,517,883 j.13 828,627
Net from railway—'.
52,057,850
35 707,062
.
—V.
Examining into the relative values of the various outstanding
classes of securities of the four railroads; Chesapeake & Ohio, Nickel
Plate, Pere Marquette and the Whee.ing & Lake Erie Ry. Co,, giving
consideration to their past and future earnings propspects, their past
market prices, and all other pertinent factors.
■
•(b) Considering ways and-means of bringing about partial or com¬
plete unification of the four properties/
Y • 7 ' : ■
n ,-./&: <"*3..*.;7'
The committees appointed by the boards were;: ;.' 7
■ClinFor the Chesapeake & Ohio: Robert R. Young (Chairman of
the.Board), Garl E. Newton (President) and Howell B, Erminger, Jr. (2) For the ' Nickel Plate: John'lW. Davin
(President ),. James' M.
Nicely and Samuel L. Fuller. : 7* •
7" 7.-'y., .,,■/•< '/.i/ *v ;*,v ;.• .
(3) For the Pere Marquette: Robert J. Bowman (President), Walter
S. McLucas and John E. Dwyer.
*y-y;
•■'■77."'
'7
William M. Duncan, Chairman of the Board of the Wheeling & Lake
Erie, has indicated "his willingness and intention of consulting with
these committees, and carrying on similar studies, on behalf of that
property insofar as it is'consistent for him to do so.
.r. The announcement, further states:
''These committees in: turn will
invite certain ; large stockholders of
the various properties to work,;
with thgm as separate committees on behalf; of the stockholders; and
it is hoped
that representative stockholders can be found who will
help the committees in arriving at a fair and equitable basis for ex¬
change. .The
membership of these stockholder committees will, be
made public as soon as.acceptances are obtained,".'
.Y,:/ ,
1,;
,;-i V
mon
Net' from
from
ry.
30, sub¬
.
47 .082,542
income
1322,
p.
Sept.
75 cents;
$1,078,681
1943
oper.
From
2,714,572
from
.
..
railway-—. 186 .288,099 146,589,743
75 ,945,986. 50,414,122
oper.
Net
(a)
,
ry.
Gross
2,721,783.
railway.:—-,—
Net
Ry,
Ry,
Net
Chicago & North Western Ry.—Earnings
1943, of $9.83
share on June 30.—V. 158, p. 1128.
and the Pere Marquette Ry. Co, held in C.evcland on Nov.
committees of the boards were appointed for the;purpose of: .
•
25, June 25 and
433,756
railway--r.
railway—„
from
$11,308,039
3,857,537 > 3,793,481
9 465,929; '7,991,340
4,224,930
5 409,515
March
on
$"84,016
from
Net
1940
Net
October—
meetings ,of the boards df directors of the Chesa¬
Co., the New York, Chicago & St... Louis RR. Co,
regular
Ohio
&
ry.
'
Co.—Unification of Four
Actively Discussed—Sub-Committees Named
Ohio
&
1941
George W;
.
Chesapeake
from
—V.158,
596,277
342,451
reported net asset value 43 of Sept. 30,
share,;; compared with $10,05 a
a
.
income—*
oper.
Net
Y'0; '"7; '.V.;
**•/,/
1942
railway.,.— $'21 .490,657 $18,594,984 $13,389,033
railway——-
from
Gross
2,155,556
683,185
Chemical Fund, Inc.—Net Assets—
The company
ry.
Gross
From. Jan, 1—
31,130
,
2,827,985
1,141,121
.
,
1822.,.
Net
48,703
43.651 :
-
p,
from
$207,479
$239,511 ;
89,391
,
o-'id
was
25 and Dec.
Sept.
Clinchfield RR.- -Earnings—
....
St. Paul & Pacific RR.—Earnings
1943
from
Net
1940
,
.
,
-«V. .158,
Gross
1941
;
■
.
amount
Payments during 1942 were as follows: March 25,
25,
October—
-Earnings-
,1942
Gross from railway-.—,
.,
$341,439
Net from railway—
150,161
Net ry: oper. income-—.
84,131
■4 Prom Jan. 1—
' •./*,
Gross iron; railway—-u,.
3,019,656 ,* 3,252,123
Net from railway*.—Y—1,383,820 ,1,320,300
Net ry. opera income*,*/,
,637,311
7
739,3,76
7
-1943
$314,449
.,*;'. 89,587
*.
29,133
i...
,
made
was
1,146,075
Chicago Milwaukee
7
.
holders;of record
on this issue
to
23
like
a
June
24, 50 cents each.
The directors also declared the usual quarterly dividend of $1.75 per
share on the preferred stock,
payable Jan. 3 to holders of record
Dec. 2*.—v. ltd, p. Iv28.
26.
of record Nov.
holders
158,
October—*
Charleston' & Western Carolina Ry.
Dec,
15 cents per share
and
las-, and another of the same amount is payable on Dec.
10,
10.
this year.
cents per share
Only one dividend—50 cents per share—was paid in 1942 on Dec. 22
—V.
158,rP. 1822.
October—
payable
$5,
par
distribution of
A
dividend of 30
a
2249
Dec.
Chicago Mall Order Co.—-30-Cent Distribution—
Jersey—Earnings—
RR, of New
"
Or*f*nhr>r
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 42.35
158
.
and
notes
$332,527;
•
2250
THE COMMERCIAL & FINANCIAL CHRONICLE/
foreign currency), $112,670; deposits payable, $50,050; deferred Income
(incl.
$123,070
rotes
advance
payable
$1,800,000;
vertible
*>hs.,
to
payments
banks
under
customers),
due Feb.
earned surplus,
bered
Columbus & Greenville Ry.October—
'
1942
from
1941
railway!.*.railway——;
from
from
Net
Net
$132,998
73,703
37,040
40,706
32,585
17,254
17,577
of
48,466
92,012
income
—V. 158, p. 1729. ,
ry,
oper.
Months Ended Sept. 30—
Total
operating
weekly
this
corporation
Gross revenue
Provision
State,
Operating
1942
Provis,
amortization
General
1,377,128
947,018
1,799,294
Federal income
1,895,636
1,448,430
taxes
income
3,140,277
exc.
Gross
$3,439,886
11,402
1,157,602
—
Other
income
♦Difference
■Net
—
(net)
in
Federal
taxes——
•—
earnings
.
Interest
of
Amortization
$4,189,170
928,958
—
Interest
charged
Net
"'Difference
in
—
$3,215,732
—
—
Federal
and
Consolidated Cigar Corp.
Period End. Sept. 30—
Net
profit
after
shs.
per
—V.
inc.
Fed.
and
Com.
Earn,
-
*
158.
directors
$1,023,921
The
$2.25
the
,
payment
of
15
cents;
and Dec. 21,
inc.
before
charges
$396,762
34,028
51,617
period's expendituresDepreciation —j.——
74,083
Prov. for Fed.
net
ment
of
158,
inc.
$700,873
of
the
175,902
38,796
118,456
75
158,
System output of electricity
on
and
to
the
usual
declared
been
holders
July 15, last, and
of
semi-annual
the
on
record
Dec.
capital
55,000
will
be
made
the
at
118,000
revenue
$72,961
i.
.
$192,270
$176,954
'
f'
'
•
)
General
taxes
exc.
Gross
Int.
$471,057
Southern
&
Corp.
•"»
'' '
.Y
•
1.
Like
-
Trust
Co.,
[3,138,386
1,393,866
of
'
George
Roberts,
■
•.
the
plan
agreed
to
stock,
and
which
be
by
the
the
as
result
preferred
stock¬
for
the
corporation,
made
the
holders
days
the
ago
posed
in
the
7,249,742
has
been
made
changes
in
by Mr.
Mr.
a
the
and
Whiting
had
first
is
$758,090
$7,856,234
plan
285,388
3,424,818
3,424,816
Jv
—65,278.
—
••
Munson and the
as
plan
as
filed
the
allocation
should
proposed
companies,
in
of
be
the
stock
on
plan.
between
as
85-15
a
The
basis
the
preferred
instead
is
second
of
all
that
on
of
$4,300,859
of
stock
common
of
the
various, companies
may facilitate distribution.
"The
management, of-' course,
equitable allocation between the
$3,834,863
involving
questions, such
the
privately owned utilities,
the
and
war
other
say
a
fair
the economic
there
which
of
is
effect of
no
precise
no
one
the
termination
now
can
allocation
of
know
as
work
within
out
justly
the
long
run.
consideration
and
great
^reasonable limits, reached
between
given
preferred
approval
of
common
that
However,
weight
they
to
are
any
have
'"Mr. Whiting has
can
bound
to
give
other
amendments
would
meet
with
made
as
to
the
other
such
York,
"■On
22
declared
1,
1937;
1943
dividend
convertible
share, it
per
$555,484
.VyYY:
a
since.
1942
$524,494
taxes
record Dec.
none
'
;
of
amendments
to
been
suggested.
authorized me to state
An
cents
stock,
initial of
at
as
reported.—V.
was
1943—3 Mos.—1942
to
the
board
that
any
amended
plan
should contain the provisions now
appealing in the plan as filed to the
effect that, as soon as practicable after the
entry by- the Commission
of an order
approving the amended plan, Commonwealth will submit
such plan for approval at a
meeting of stockholders and, upon the
approval of the amended plan by a vote of a
majortiy of the out¬
standing shares of the preferred stock and the common
stock, each
voting as a class, Commonwealth may request the
Commission, pur¬
suant to Section 11(e)
of the Act,
to apply to a Federal court
and
"Work
proposed
amendment
directors.
to
the
plan
for-, submission
It must be appreciated that
companies
things,
out the terms and provisions of the
plan.
started to prepare in detailed
immediately be
constitutes
important
amendments
distribution
to
of
the
the
a
major
$1,790,301
$0.56
plan
terms
board
a
of'
the severance of all the northern
which involves,
among other
problems.
involve many
of
the
the
Furtheimore,
mechanical
operating
the
proposed
problems in the
companies.
For
4,212,258
3,460,865
1,579,927
shares
outstanding.
provision
profits
1,012,614
Ry.—Earnings1942
1941
1940
$338,254
$288,141
$210,492
159,257
121,398
60,563
183,402
135,591
82,240
2,310,939
1,973,230
1,839,937
546,311
699,795
496,889
460,931
638,541
941,726
716,294
678,570
from
income
oper.
ry.
*29,940
From
January 1—
Gross from railway——
Net from railway——
y'\
.
ry. oper. incomb
"■Deficit.—V. 158, p.
-■■
2,377,101
Net
1824.
Corp.—Merger Ratified—
International Machine Tool Corp.
Detroit & Mackinac
Gross
taxes
1943
1943
Net
for
for
1940
$99,585
42,432
49,144
15,931
Y.—V.
31,468
38,635
688,850
364,417
670,576
130,921
35,315
Interest'—
now
97,033
962,499
125,584
270,706
53,795
100,642
being
)
'
The interest due June
is"
paid
158, p.
'
1941
$96,993
116,584
income
oper.
1942
$197,464
828,488
railway—
railway——
from
ry.
1936,
22,036
railway—
railway—_
from
Net
158, p.
$87,932
from
from
below.* -V.
Ry.—Earnings-
.October—
Gross
1,
'
1730.
176,605
7/'.;!!/)'! J t.,'v
1943,
office
at
of
on
yy»
the mortgage
P.
J.
Morgan
4% bonds, due 1995,
&
Co.
Inc.,
New
York,
■!!!.
:
Detroit Toledo & Ironton RR.—Earnings—
OctoberGross
1943
from
railway
from
Gross
from
ry.
—V.
United
the
'
1
against $3,99.9,377 in
<,.!■"
:
Gross
227,758
6,934,446
7,415,651
3,593.512
2,972,101
3,929,298
2,811,716
2,090,326
income
1,668,205
2,484,954
1,807,265
Shore
1942
1941
1940
$361,237
$381,446
$309,973
135,276
198,614
'214,315
159,535
29,563
78,623
railway——
3,465,235
3,463,210
3.593,589
3,058,995
railway—-—.
from
1,795,045
1,819,636
2,027,921
1,607,608
668,731
751,584
686,547
income
oper.
630,5.52
•
53,824.
Diamond T Motor Car Co.—Extra Payment—
extra
dividend, of
have been
holders
of
made
Nov.
March
on
25
cents
declared
record
disbursed.—V.
was
30,
on
158,
Sales
(less
regular dividend of the same
stock, both payable Dec. 10v.
distributions of 25 cents each
a
common
Regular
June 25
and
on
Oct.
of
last, and on March 3!
1942, an extra of 25 cents
!
,
.
(& Subs,)—Earnings-*
1943
1942
$
and
_________
1,
Dec. 31,
1032.
p.
July 31—
freight
allowances
Cost
:
and
the
29,
Distillers Corp.-Seagrams Ltd.
Years Ended
"■
.
>
50,174
.
158, p. 1824.
An
$1.00
'
RR.—Earnings-
$310,733
from
ry.
Line
1943
from
Net
219,962
6,089,327
:
1824,
from
Gross
$3,594,048
p'. 1032.
158,
195,214
Sept. 18 and Dec. 22, 1942, while
Canadian'income and
months' periods,
totaled
1942.—V.
354,488
7,840,830
Detroit & Toledo
amount
and
six
328,954
October—
were
$1.08
:
,
States
respective
$3,767,883
$676,727
317,556
216,445
,
292,204
railway
oper.
1940
$690,346
railway—/.
158, p.
/
1941
$705,945
railway—'.
from
1942
$745,483
*,
Net ry. oper. income—!
From Jan. 1—
1943,
158, p. 1529.
$0.50
dividend
A
distribution
Dec.
15,
of
50
cents
made
was
1941.—V.
11
to
holders of
Dec.
on
156,
share has been
per
$2, payable Dec,
par
last
15,
1046.
p.
$
1941
1940
S
$
273,569,232 207,892,397
133,850,357 103,231,335
goods
sold—
215,254,569
152,581,937
100,168,529
70,567,135
profit"
on
sales.
58,314,663
55,310,460
33,681,829
32,664,200
declared
record
year,
the
on
Deo:
instance,
Miscell, inc.,
similar
cents
on
Total income
directors
the
Dec.
on
Nov.
common'stock,:
3.
This
Oct. 30,
on
1941,
24
declared
$1,
par
with
compares
a
Dec.
Prov.
of
23
75
to
cents
share
per
holders
of
record
$1
per share paid on-Dec. 15,: last
and with an initial of 50 cents on Dec, 14,
year,
1940.
Davega Stores Corp.—To Pay 20-Cent Dividend—
Thq directors
the
ord
50
Dec.
11.
cents
Dec.
This
on
stock,
1942,
dividend
a
of
payable Dec.
with
40
30
cents
cents
on
Dec.
20
20
paid
30,
cents
to
June
on
1941,
and
declared the usual quarterly
dividend
share'on the 5% cumulative preferred
stock,
holders of
per
holders
directors "also
per
Salaries
Dec.
15.—V.
158,
Deisel-Wemmer-Gilbert
.
of
rec¬
22,
last,
30
cents
of
profit—:
fEarns. per com.
of
31 Vi
"'After
depreciation
provisions
ended
Sept.
months'
V.
158,
were
30
periods.
p.
1032.
Mos'/-1942
$91,148
$314,728
471,684
431,937
286,664
311,405
445,995
271,625!
213,9lO
Prov.
264,107
217,469
185,150
163,470
72,288
42,168
67,103
136,644
678
1,019
95,938
31,520,117
27,617,662
13,2,09,662
12,988,291
18,431,435
15,656,485
4,043,315
3,192,319
1.000,000
1,000,000
63,737
56,335
10,397,440
8,110,012
,•-_•!
and
and
$1.65
$1.14
provision
and
$442,000
tOn
for
depreciation_
of
contracts—
disposal of
on
for
$62,500,
and
190,781
Federal1
$192,000,
shares
taxes.
respectively,
(par
for
Federal
.
cap¬
assets
94,899
invests.,
on
net—_
Profit ———
."■Prov.
for
income
profits taxes
—
—
contingencies-
Prov.
for
exch.
adjusts.-Prov. for possible future
price
tax
the. quarter
respectively, for the nine
$10) of common stock.—
decline.
profit
on
cum.
Divs.
on
common
Surplus
Com.
per
9,716,79<
779,953
819,537
798,587
814,43)
stock-
3,507,711
3,506,776
3,505,371
3,402,64(
5,499,727
1,752,645
5,751,839
6,571,127
3,806,054
outstdg.___
1,753,870
1,753,800
1,752,845
share.
$5.28
$5.75
$4,17
com.
"Including
?9~m
3,000,000
pfd. stock
—
shares
Earns,
49T79
10,039,503
Divs.
406,972
and
for
$216,999
$0.48
431,279
476,302
Net
1943—9 Mos—1942
$0.53
$130,000
1,000
320,000
495,152
invent,
$100,190
sh—
18,720,845
21,000
executives--
fees
Prov.
Corp.-j-Earnings—
1943—3
"■Net
19,100,158
21,000
521,618
ital
1936.
p.
26,365,470
22,000
•
311,288
fLegal
share
payable Dec. 24
record
25,392,303
lives
Interest, net--—— !—
Loss
declared
compares
24,
1941.
25,
1
common
Dec.
on
March
The
to
outstanding
cents
on
on
629,738
33,293,988
remuneration
for insur.
Amort,
158, pi 2044.
243,057
33,924,885
of certain, officers——
dividend-
payable
309,326
55,619,786
Selling, general and ad¬
Los
—V.
562,948
58,877,611
-
ministrative expenses-
Curtiss-Wright Corp.-r-Smaller Distribution—
The
discts., etc.
common
4.A
against-75
as
Gross
Directors'
Period End. Sept. 30—
operation
personnel
stocks
to
5,786,644
14,340,565
■',"'
1943
railway—$123,139
Net from railway———
55,764
amount
1,
1943—6 Mos.—1942
$1,928,181
2,261,199
stock,
to
carry
will
17,813,241
14,682,625
Denver & Salt Lake
$50,
par
.
like
Nov.
,
enforce
25,530,685
._
per
Cuban-American Manganese Corp.—50-Cent Dividend
on
recommend
railway—!
V.
sh._—
com.
$3,915,774 in
and
practical.
will
21,407,856
oper. income-..
158, p. 1824.
—V.
62ft
preferred
4.
Arrearages
taxes—__
per
excess
to
Whiting
25,209,429
income,.
railway/-—
railway—.!.
Net ry'. oper. income
From January 1—
a
"Mr.
775,447
43,137,883
Net
before Fed.
to holders of
$13.12Vfe
Note—The
the
that the proposed amend¬
the plan,
which are recommended by stockholders
holding
substantial amount of stock, will receive
immediate and careful
consideration by the management and will be
submitted to the board
of directors for its consideration and
action at as
early a date as Is
ments
but
5 %> 'cumulative
15
Fed.
and
percentage,
length bargaining
stockholders, particularly if they were
the
be
New
Crown Zellerbach Corp. (& Subs.)-Earnings—
on
statement
which
70 Broadway,
as a result of arm's
the SEC.
similar
the plan
and
believe
to
reason
"A
in
trustee,
.
Period End. Oct. 31—
one
which
with confidence is.the only fair and equitable allocation, The
of the management is that the percentage of allocation of
expressed in the plan as filed is the percentage most likely
sympathetic
Co.,
Corp.—Earnings—
Net, profit aft. all chgs.
judgment
80-20
Trust
Nov.
on
Nov.
on
1940
$2,893,576
the
any
railway—,,
._
October—
to*
and
to be given to many imponderable,
policy of the United States in regard
tax
questions
answer—Consequently,
can
the
on
paid
amounted to
stockholders
weight
the future
as
realizes that to make
preferred and common
Called—
2043.
p.
directors
♦Earn,
.
problem
&
after all chgs.
payable Dec.
was
outstanding,
now
as
a
Bank
Pay Preferred Dividend—
The
1941
•
$6,152,884
58,653,893
from
Net
RR.—Earnings-
1942
$5,816,599
2,071,564
1,167,605
...
ry.
Net
783,339
not
solely Consumers Power Co., are to be
either distributed
to: the .stockholders or sold
We
understand
that
the only changes to be
njadej.in the structures of these companies to
carry out the plan will be,/the transfer of the common stock of Penn¬
sylvania Power Co. to Ohio Edison Co. and such changes in the number
shares
profit
To
5,116,977
976,747
Ndt
Cosden Petroleum
Net
Western
1943
railway-/.
•
130,556
$407,423
6 Mos. Ended Oct. 31—
pro¬
9,906,299
January 1—
Net
—V.
Net
some
as
Grande
'!
railway--,-.
from
Net
$8,043,019
285,388
.
1823.,
158,
9,382,111
4,617,882
$538,708
v
5,720,125
stk,
_
Hanover
Y.—V.
share
that
stockholders
basis
Central
of
reached
been
Rio
'
oper,
From
N.
389,305
$253,319
158, 0.
19,900,412
2,208,145
ry.
■
The. corporation has called for
redemption as of Jan. 1/1944, all of
its outstanding 10-year 4V2 %■ convertible
sinking fund debentures due
Jan,
1,
1952, at 105 and interest. < Payment .will be made at the
part of this record.
amended
43,121,022
1,477,793
$3,567,475
1,212,974
Net
■'
committee
to
which
agreement
now
agreement outlined
northern
the
substantial
stockholders'
communicated
the
of
which
two
common
80-20
an
stock
1,011,561
50,642,327
15,166,330
8,945,461
*189,670
68,435,608
21,724,548
9,392,380
$4,805,811
3,090,750
Gross
$1,147,396 $13,576,360 $12,660,902
385,204
following
management.
"The
and
preferred
and
are
the
the
common
substance
them
"There
of
of
492,217
60,170.503
"
■
1940
,
158, p. 1729.
&
from
from
3,313,281
Cornell-Dubilier Electric Corp.—Debentures
N.
statement with'respect/to such proposed amendments:
"Representatives
of
committee, by sub¬
certain
■
counsel
as
to
been
common
holders.
between
Gross
3,280,916
',
3,168,789
7,752,781
stock
pfd.
ptc.
1,086,668
$923,913
———
of
expense,
-V.
amendments
holders
$5,509,872
1,188,250
367,783
ry. oper. income—
From Jan. 1—
reconvening
proposed
1941
$6,618,029
2,365,226
1,177,584
Net
taxj
——
pfd.
on
567,289
deducts.-
income
-Earnings—
1942
$6,838,173
income.—
oper.
from
railway
Net from railway
Net ry. oper. ' income
140
$4,419,614 $56,877,014 $52,071,334
1,624,509
21,703,873
18,771,516
561,039
7,536,824
6,794)976
1,971,664
■
taxes—],
profits
income
Amortizat.
_'
prolonged negotiations," had
certain
ry.
6, 574,562
From Jan. I—
Gross
Detrola
1943—12 Mos.—1942
-■_!
and other
Net
Stockholders
—
$4,856,735
—-
Operating expenses _■_—
Deprec. and amortizat.,-,
the
stantial
Net
See
Guaranty
1943—Month—1942
Balance
the
certain
from
sinking fund bonds dated July 1,
for redemption as of Jan. 1, 1944, at 100 and
called
Payment
Dividends
V
4, 719,394
2346.
p.
Recapitalization Plan—Amendment Filed with
on
of
Net
July 15 and Dec. 31,
on
10,056,087
7,356,807
1943
Denver
share
22, 212,176
7,789,333
1936.
October—
have
28,440,382
13,494,750
8,345,984
railwayrailway-,---—,
6,639,962
per
38,134,788
12,485,889
from
9,889,784
share
.
40,632,901
.v—
income—
oper.
13,448,081
cents
per
Period Ended Oct. 31—
Gross
115,409
43,000
560,414
158, p.
outstanding 25-year 5%>
273,494
39,719
899,057
971,734
New
York,
N.
Y„
or
at
the
Baltimore
National
Bank,
trustee, Baltimore and Light Sts., Baltimore, Md.—V. 158, p. 1935.
164,109
86,395
1,195,798
Broadway,
$1,142,069
159,245
'
of the hearings in Philadelphia Nov. 29 before
and Exchange Commission on the plan of recapitaliza¬
corporation, George S. Munson, as counsel for the com¬
mittee representing preferred
stockholders, advised the Commission of
to
157,
1,246,361
11,721,916
Securities
tion
to
were
interest.
10 cents; Sept. 30,
20,000
taxes
,
is
of
cents
764,249
income—..
4,257,094
that
31,v
1345.
1940
11,721,918
announced
Similar
Dec.
$2 ,360,680
677,752
preferred stock of parent corporation.—V.
1
158, p,
on
1941
826,833
'
common
15.
and
1,277,884
976,812
both payable Dec. 31
Federal
SEC—
of
50
Federal income
Commonwealth
by
17,828,486
1942.—V.
the
on
Dec,
last,
$3,477,464
976,812
——!
1935, have been
981.
p.
*
On
46,080,149
16,485,175.
!
Delaware Lackawanna & Western RR.
Consolidation Coal Co.—Bonds Called--
current
Netrinc. before deplet.
the
45,912,270
1,377,843
16,
808,577
October—
.9,939,975
4,004,143
record
194.2
244,586
disbursed
All
1943—9 Mos.—1942
$240,792
Agree
18,922,110
declared
of
Sept.
$4,309,318
1,642,212
railway
railway
from
•
explora¬
expenses ——
Amort, of mine develop-
.
15,821,959
10,898,398
128,794,442
and
1943
oper.
ry.
Net
1943—3 Mos.—1942
Sept. 30—
tion
-V.
[16,040,225
4,165,242
4,378,552
20 cents.
Actual devel. &
,
21,382,508
15
March
on
from
Net
Operations for Third Quarter and First 9 Months
Period End.
Net
follows: July 1,
as
22,862,326
Consumers Power Co.—Earnings-
'*
-
1942 were
1,796,710
'
—
dividend
of
1942—V.
distribution
a
ry,
Net
extra
cents
been
holders
to
$4,160,257
"'Deficit.—V.
Dec.
1
May
on
From Jan. 1—
Gross
65,554,471
stock, par $5,
of 10 cents per share on the common stock, payable Dec. 15 to holders
of record Dec. 6.
A similar distribution was made on Sept. 15, last
These are the only payments during the'current year.
Disbursements during
73,908,557
amounts
250,000
$0.82
";v.'.
Net
177,-701,174
5,623,087
—3,414,383
—1,366,150
on
10
share has
per
Jan.
railway—.—,
railway-.-.,.
from
preferred
company
cents
made
from
Net
Gross
$652,082
272,350
$0.84
against
as
1943- -12 Mos.—1942
7,344,960
[
on
25
payable
were
Delaware & Hudson RR.—
Earnings-
.
250,000
authorized
1942,
Gross
taxj
of
$1,
par
distributions
—V.
198,416,220
1,852,003
dividends
dividend
stock,
Net
An
$358,515
23
Dejay Stores, Inc.—25-Cent Distribution—
A
Net
Statement
Consolidated Edison Co. of New York, Inc.—Output—
;
272,350
Nov,
Income
2189.
p.
1943—9 Mos.—1942
$0.83
on
on
"■Before
Consolidated Coppermines Corp.—10-Cent Dividend—
The
of
Consolidated Mining & Smelting Co. of Canada, Ltd,—
To Pay Extra Dividend of 75 Cents—*
$340,666
\
conditions
for
taxes
(& Subs.)—Earnings—
2189.
p.
business
15,589,183
>
taxes
income
dividend
taxes—
general
subsidiaries
1943,
_——
chgs.
sh
com.
profits
excess
1943—3 MOS,—1942
outstdg.—
show
of
energy
(electricity generated and purchased I for the week ended Nov. 28,
amounting to 209,100,000 kwh., compared with 152,400,000 kwh.
the corresponding
week of 1942, an increase of 37.1%)
Local
distribution
of
electricity amounted to 205,600,000 kwh., compared
with
149,800,000 kwh. for the corresponding week of last year, an
increase of 37.2%.—V.
158, p. 2189.
$3,641,584
827,548
due to the
Inclusion of the income of the company for the last three months of
1942 in the consolidated tax returns of The United Light and Power
Co. for that year and to the contemplated inclusion of the income for
the company for 1943 in similar consolidated returns.—V. 158, p. 886,
income
"■Net
23,834
•—.————
—
circum¬
and
profit
Other deductions
Cr86,114
61,058
——,
dividends
these
15,000
Cr~94,370
——
income
..Preferred
pro¬
have
'
!——.
construction
to
electric
1943—Month—1942
stock of subsidiaries..
79,127
debt
discount, premium & exp.
Amortization of preferred stock discount & exp.
Miscellaneous
to
of
)
income
Dividends
$4,608,889
935,458
77,792
—
long-term debt——-———
on
1,106,545
—
Monday, December 6, 1943
remem¬
who
16,989,899
taxes
Federal
2,154,420
$3,013,201
69,425
(estimated)———
staff
1,415,628
depreciation——-:.——
—!
and miscellaneous taxes
earnings from operations——
output
Consolidated
—
5,419,193
Interest
Net
be
must
Under
pressure.
is
to
adjusted
deprec.
—
—-—'4-—-.
'
great
It
office
it
Gross
hour
expenses
for
6,016,899
for
local
Federal
—!•!
,
million.
one
decreased
a
which
October—-
—
—
Maintenance
under
kilowatt
•
$16,891,570 $15,175,438
!:———:—
revenues
over
with
futile
us
Period Ended Oct. 31—,
1943
.
to
56,203
121,800
weir
run
working
working
seems
"
'
Columbus & Southern Ohio Electric Co.—Earnings12
are
it
165,910
256,500
233,576
are
thereof
territory served for the week ended Nov.
25, 1943, amounted to
247,655,919 as compared with
222,762,446 for the corresponding week
in 1942, an increase of
24,893,473, or 11.17%.—V, 158, p. 2189.
978,891
1,118,415
1,182,438
and
The
$125,691
1,174,821
137,766
,
we
fractions
or
Weekly Output—
From Jan. 1—
Gross'
certificates
adjourn this hearing to any specific
date.
We, therefore, suggest that the adjournment be made subject
to the call of the Commission. We
pledge ourselves to give this matter
our immediate and constant
attention,"
1940
$181,149
railway
$129,802
Net from railway—14,884
Net ry. oper. income—
23,092
stock
distribute will
stances,
-Earnings-
1943
of
that
been
total, $22,583,688.
$6,719,759;
number
posed to
$667,562;
1946,
28,
for contingencies, $291,383;
$2.75 preferred con¬
(75,000 shs., no par), $3,750,000; common stock (366,268
par), $4,847,080;
158, p. 1729.
Gross
foreign
agreement,
reserve
stock
no
—V.
by
loan
the
Canadian
proximately $12,964,477
and
United
States
(after credits ol
excess
profits
taxes
$5,08
of
ap¬
$1,030,000 for debt retirement
1
Volume
in
tIncluding those of subsidiary companies.
1941.
'
Assets—
I
Cash
6,135,704
26,640,089
and
238,739
hand——,——
on
receivable
228,829
65,198,415
181.956
482.359
392,132
:—
———-—
_——
grain futures contracts——
Sundry investments and advances, at cost——
Deposits
on
tracts
and
goodwill—
1
distribution to
Operating
revenues
Operation
7,750,000
Reserve
under
bank
credit
24,117,491
53,015
1,773,820
5%.
future
credits to
for
384,885
214,082
$227,012
$331,233
$2,760,330
$2,554,132
63,260
40,832
2,684
61,800
763,685
40,830
4 4 8,740
1,668
490,128
21,254
$120,235
$226,935
$1,485,261
cumulative
77,652
77,652
320,000
19,424,904
,
i
v
■
allowances, 1943, $2,003,349;
—,
-/ $1,407,609
-'
Treasurer.—V. 158,
Schrader has been elected
H.
For
companies
National
week
of
the
1943,
dividend
A
Pf
stock,
per
share was recently declared on the
value,., payable Dec. 1 to holders of record
par
Payments
1842.
p.
directors
The
(/;
/./;,
declared a dividend of 75 cents, per
29
Nov.
on
158,
#~v.
1241.
p.
share
1
Dec,
on
declared
—Thousands of Kilowatt-Hours—
"
1943
$197,414
$205,611
6,333
76,000
68,000
'374
3,619
6,213
$11,915
$117,795
$131,398
105,889
105,889
26,877
78,086
-19,439
"94,245
.-9,180.
9.7
/■'
z4:
.
.
dividend
a
with
,
of
share
per
year.—V.
payable Dec. 15 to" holders of record Dec". 6.
paid on April 1, July 1 and Oct. 1, last, as com¬
158,
share
per
on
86.
p.
15,
*!.■'
Sept.
/','.,
the
1942,
■'
only
'//■ ■
Gross
from
from
1942
$2,930,457
991,825
railway
railway-^—
$3,028,371
<.
11. A similar
with 75 cents
28,162,177
24,298,407
10,655,422
5,525,350
17,661,649
6,391,670
3,719,480
2,744,020
figure
Metallurgical Corp. Is entitled
to
1943
1942
1941
$5,754,120
3,801,096
$4,367,768
2,961,415
$4,358,790
3,257,224
income_u
1,447,139
$5,300,190
3,687,070
1,570.112
2,111,058
} 2,697,983
•
from
Net
from
Net
ry.
dividend of 10
of capital stock,
An initial quar¬
terly dividend of 15: cents per share was paid on this issue on Oct. 15,
last. ,■■/ Z.
''
■'
^/' ■-•'/■'.'V.!;1 •■'/:v'/. :./
The directors are scheduled to meet in December to act on the next
1940
railway-
railway——
October-
Gross
Emerson Radio & Phonograph Corp.—Extra Dividend
oper.
The
to
aggregated $688,856, equivalent
after provision for preferred
Fansteel
of
of Sept.
as
and
$2,832,579."
of
inventories
included
income and
$2,601,282.—V.
Net
ry.
railway.
from
—V.
oper,
158,
p.
income—.
1730.
-
'
22,093,376
8,245,570
d
,
32,077,142-
16,639,847
12,024,517
W.
158,
Webster,
New Official Named—
Duluth South Shore &
-
1
to
$431,936
149,302
111,070
167,080
from railway..—_
Net ry. oper, income—
From January 1—
:Gross from1 railway—1.
.Net
■
Net
ry.
—V.
3,678,830
oper.
1,126,299
158, p.
99,799
2,825,794
3,637,900
1,212,723
965,041
railway
from
Net
137,705
income—
1824.
125,842
where
557,569
he
!','
the
of
with
158,
the
of
problem
packaging, materials
to
statements
of
'corporation
the
for
.
Period End. Sept. 30—
Onerating
revenues
"Net
oper
tN«
tome
-
l-
revenues
1943—9 Mos.—1942:
$32,178,035 $29,852,006'
10 060,907
10,033,397
8,091,987
10,773,060 .10,820,606
'/'
.
expenses,
982.
158, p.
;
,
743,678
674,883
$523,582
$499,095
2,917
3,803
$2,238,437
.14,050
$2,036,905
3,955
$526,499.
$502,899
$2,252,487
$2,040,860
216,386
209,511
851,156
41,133
45,454
177,496
145
103
522
$268,834
$247,829
$1,223,312
150
216
30,328
65,431
66,561
263,199
266,244
$181,118
$959,897
$758,673
$1.83
$1.45
Other
' '
Preferred
Divs.
Cash
Int.
dividends
earn,
Net
1942
1943
profit before taxes
Federal income and
—-———-
97,500
26.00C
,Int.
Bal.
Amt.
income
—V.
158,
$54,979
—■-------
——
—V.
243,000 com. shares
outstd.
$283,150
—
stock,
1,672
Preferred' dividends
tTo
$314,918
$314,77C
63,169
75,417
$846
125,625
2,175
2,28)
interest
bank
on
$99,125*
taxes
result
V
of
$115,384
153,228
paid
(ross
ost
$1,321,470
497,980
927,524
703,891
152,797
155,833
169,258
185,481
$98,02r
371,301
$110,696
159,610
charges
security
the
H)Y,919
—
sto.ck__—
pfd.
'
'
v
,
"
Balance
'
26,100
15,250
18,598
profit
on
55,142
$66,330
19,943
*
;
Sheet,
,
■
'
5,043
$144,272
2,830 ...'// 2,061
204,292
151,717 !
7,709
25,984
taxes.
$139,23C,
.
"$62,082
20,864
21,524
"fund
and
buildings
$323,455
$154,233;
deferred charges, $29,864; total, $1,788,171.**
Liabilities—Accounts payable, $46,127; preferred stock dividend pay¬
$6 059' due to officers and employees, $6,497; accrued liabilities,
Q1Q-'$1 50 cumulative convertible preferred stock (pajr $20), $324,common
and
on
hand,
$238,556;
stock (par $1), $460,520; paid-in
$84,531; treasury common stock
surplus,
D.$841,479; total,
surplus, $1,654,697;
(146,328
158. P. 769.
shares
at
the common
declared on
Dec. 10.
Payments of 15
31, June 30 and Sept. 30,
disbursement^ were made: Jan. 9, April 10,
and Dec, 30, 30 cents.—V, 158,
*:'' ' ; M' ./
*
'
10 cents each;
10,
■
■
(N. Y. City)—Hearing on Plan—
an
/Liabilities—Accounts
payable,
accrued
expenses
and
taxes,
Net'
,
158,
on
railway—_
railway--,—
income—
158, p. 1857.
—V.
oper.
Depre.,
Misc.
Est.
credits
,
( net)-
Fed/ income
Net
cents
is
10,163
1,633
2,812
183
Dr 134
,
taxes-
191,000
1197,000
$50,801
$56,562
bad .debts,
t99,000
$93,481
administrative
excess
profits tax,
selling,
tlncludes
above
10,495
$27,476
24
common
cents
share
a
common
for
the
share
1941
in
1942
for
months
ended Sept. 30
common shares and com¬
the
1942
quarter.—V. 158,
quarter
p.
1940
$730,762
$744,617
70,319
116,311
11,359
12,694
27,354,773
14,201,508
16,167,300
6,911,732
9,461,310
2,424,642
8,848,583
8,472,088
5,564,341
1,205,176
696,394
1.946,899
RR.—Earnings-
1531.
revs—
oper.
ry.
$71,673
1943—10 Mos.—1942
$729,840
$584,179
437,493
$64,351
393,927
26,578
exps.—- —
44,972
39,566
Ry.
tax accruals—--.
2,936
2,717
29,518
Net
rents
958
636
9,652
6,170
$22,805
$21,431
$253,176
$157,504
*R,y.
oper.
Net
Other
ry.
—
inc.——
oper.
'
Dr53
income-—-—
400
33,054
21,457
$22,753
$21,831
$286,231
$178,961
and
expenses
and
Total
Total
and
49
fixed
Total
Net
-V.
income
-
inc.
1,740
1,181
19,673
18,566
charges-
12,701
18.954
127,114
133,315
$8,312
$1,696
$139,443
$27,080
deducts,
Misc.
net
profit for the three
equal to 27 cents a share on 166,511
with
a
15,918
1940
contingencies.
Note—The
1943
9,414
charging manufacturing,
provision .for
pares
$48,268
9,691
income
includes
mi
$208,216
equip.- '
&
plant
1942
$254,403
1943
1941
-
1943—Month- -1942
Period End. Oct. 31—
'$255,620
profit__/2I_
'
1'631.
p.
(& Subs.)—Earnings-
3 Mos, End.>Sept; 30—
/"Operating
.
$1,806,685
806,654
501,047
railway,—
from
Gross
ry.
$19,622,592.—V.
''
From Jan. 1-—
from
total,
taxes,
Net
-
1942
1943
$2,121,288
from railway—_—.
914,066
ry. oper. income—
757,896
from
Gross
Net
$6,269,913;
<
-
Florida East Coast Ry.—Earnings-
Net
*
the plan of reorganization presented ' by
M. Graham and Hanford F. Odell, a com¬
mortgage fee 6% sinking
or amended
or modified
be presented.
may
October—
unrealized
appreciation,
to
Thomas
will be held before the Referee on Dec. 6 at 2 p.m.,
1740, 120 Broadway, New York, N. Y.~V. 158, p. 1636.
•
appreciation of ^General Reinsurance Corp. and General Market securi¬
ties), $540,701; capital stock,;$679,583;. surplus, $9,533,261; unrealized
Federal, income
respect
Deyo,
which
at Room
$25,384'
^interest/on ' debentures outstanding, $23,750; debentures as.sumed-by, The,.corporation, $2,550,000: reserve for contingencies (in¬
$496,000/applicable /to
in
D.
representing the holders of the first
gold bond certificates, or any other
The first hearing
accounts
accrued
"After
.
able
earned
Assets—Cash, in .banks
\ J Fairbanks Co.
can
30o'"
record
Fonda Johnstown & Gloversville
1943
in
prepaid expenses and
cosul
Sheet, Sept. 30, 1943
*=
Sept. 30,
amortization $1,578,617), $889,571; land,
•and equipment not used in operations
(less depreciation of
including marketing facilities in the net amount of $148,834),
'depreciation
,.
cluding
$60,633
banks and on hand, $252,866r receivables, $85,554;
inventories
$36,688; cash surrender value of insurance of $554,000
on
lives of
officers, $207,571; deferred receivables and investments,
•mi 825nronerty, plant and equipment, (less reserves .for depletion,
Assets—Cash
•
■
Oct,
to
Court
Charles
mittee
and divi¬
dends receivable and. interest accrued, $15,831; general market secur¬
ities, at market <quotations (average cost $3,964,182),. $4,473,269; Ihvestments' in * securities of- subsidiary
companies, at net underlyinf
Tzasset/amounts,v$ll;205,944; investment in security of associated com¬
pany,/at., closing/bid quotation—over-the-counter market, $3,688,992;
total, $19,622,592.
•*- / *;
o y/
.v
$241,280
/
$51,968
proy. for income
Net
16,593
$144,432
$179,871
T-i-
——
deprec., etc.
Deple.,
$224,688
21,424
Operating pro/it
Interest
$130,301
14,131
Z
$158,448
\:
share has been
holders of
order dated Nov. 17, 1943, of Judge Bernard Botein
Court, Francis J. Quillinan was duly appointed
Referee to hear and take proof and report his recommendations to
as
source.
.
profit__^.
•
per
to
24
51 Fifth Avenue
.
income
Other
'
$784,114
287,349
sales
& gen. exps._
Net 'oper.
Div.
$598,593
income--.
& serv.J-
oper.
of
iper.
,
cents
40
* *
,
Pursuant
JOver expenses
transactions). §Includes
at
indebtedness.
Balance
t
$1,028,602
of
In 1942, the following
10 and
2045.' *
p.
plan
Sept. 30—
•1
,
payable Dec,
last.
125,625
3,180
alid
giving ;effect .to
■
9 Mos. End.
1033.
p,
$203,4(^
88,841
§121,471
___
holders
debenture
1940
1941
343
.
$1,055,245
524,903
stock
com.
each were made on this issue on March
cents
2,81f
$302,199
4,165
tExcess. of*.income„_;_
;$0.19
1942
surplus-
earn,
dividend
$295,561
16.39C
67,776
refunded
(without
1943
181,818
Federal Water & Gas Corp.—40-Gent Distribution—
A
112,083
expenses.
;
803,454
:
of the New York Supreme
574.
p.
■
Co.
sh. on
of
158,
1940
,
$47,877
$0.22
.
'*•
■
etc. charges
Lgt. & Trac.
Light &
to
per
shs,
4
20,481
-15,604
debentures
on
tTaxes
'
Net
Earns, per share on
subs.
stocks._
Fed.
'Traction'
stock.
23,596
14,303
income
disc.
Fed.
divs.
$292,765
$278,602
$253,243
bonds—
on
Operading,
$1,078,033
73,877
$1,450,482
;.
profits taxes.
excess
Total*
152,479
__
of
divs.
of
..
Corp.—Earnings—
sales—-—
charges
other
on
Pfd.
■'
-i
Yeaf Ended July 31—.
etc.
subsidiaries
July
.Net
income
disc.
ended
for
Income Account Nine Months Ended Sept. 30
v'
1943
1942
•
1941
••
Miscellaneous
Duro-Test
taxes---
income
Gross
..
face value of debentures,
maintenance, taxes, appropriation for
'retirement reserve, etc.
tAfter deductions for all interest charges,
amortization of debt discount and expense, and other income deduc¬
tions,—V.
158,
June 30, 1943, were $7,008.59 per $1,00C
$76.32 per preferred share and 90 cents per
common
share,
for Sept. 30,
1942, $3,937.73 per $1,000 debenture.
$46.11 per preferred share and nothing on the common stock.
figures
Comparable
1943-~12 ^os.—1942
$42,690,950 $39,909,071
13,737,533 . J3.279.002
II—7;795:000
operating
"After
772,171
41-, 069,297
$7,463.82
share of
per share
months
nine
836,962
$3,455,467
182,464
Int.,
the
847,500
$4,079,906
204,112
of
supplies
industries.—V.
} V
■'
Equity Corp.—Sept. 30 Statement—
The
218,432
$885,672
184,892
profits
Balance
Co.—Earnings-
Duquesne Light
216,035
$938,140
,
;
.
income
229,665/
of
Sept. .30, 1943, show net assets as of that date equivalent to
per
$1,000 face value of assumed debentures, $82.22 per
$3 convertible preferred stock (preference in liquidation $50
and accumulated dividends), and $1.14 per share of common
Subs.)—Earnings—
Excess
Int.,
increasing
consumer
elected
been
Federal income taxes—
Requirements
Of Civilian
—
,
Operating income
Office
to
,1943—3 Mos.—1942
1943—12 Mos.—1942
$2,787,275
$2,630,177 $11,920,619 $10,953,510
"
1,633,099
1,526,072
6,993,213
6,661,080
revenue
Operating
amounted
2045.
898.
p.
•,
the War
""
.
liabilities
Current
Swift and H. C. MacGregor have
H. E.
expenses
for depre. & retir.
Prcv.
f-/
from
per
of bank loans and $2,781,483 of
profits taxes. Net current assets amounted
p.
Operating
1944.
January,
Production Board to
Assistant to Benjamin Abrams, President
For the past year Mr. Berner has been
Section
concerned
was*
1824.
p.'
478,217
289,017
.
Container
containers'and
2,236,744
761,497
:
856,774
private industry as
corporation.
the
of
payable in
resigned
has
Berner
Emerson
Chief
$269,145
86,407
63,896
$372,464
•
the
of
1940
1941
1942
$424,039
railway—
from
Gross
Atlantic Ry.- -Earnings—
1943
October—
C.
Robert
return
-Operating
,
$2.55
$100,000
excess
Period End. Sept. 30—
,
which: will be
dividend
quarterly
•-.'■v''
■■
•
25,117,458
21,857,263
14,266,822
39,370,602
26,353.656
7,024,211
37,443,548
from., railway——
Net
•'
to
dividends.
!
1943 showed total current
30,
of $6,148,127, including cash of $424,809; United States Treasury
accrued interest of $1,662,817; receivables (net) of $1,227,-
directors.—V.
15 to holders of record Dec. 10.
.
divi-
hnd
and
H.
shares
400,000
outstanding
the
on
payable Dec.
,
From Jan. 1—
Gross
share
per
par $5,
declared'an extra year-end
24
directors, on' Nov.
cents
of any
60%.
receive
Federal Light & Traction Co. (&
Ry.—Earnings—
Duluth Missabe & Iron Range
$603,170
—
profits taxes estimated at the
is subject to audit and to rene¬
excess
Federal Grain Co., Ltd.—New Directors
10,867,982
1943
profits
share
Federal
$2,141,691
902,639
523,393
1,045,170
Sept. 80,
—-—
of
.$3,546,845
1940
498,487
.
This
of Vascoloy-Ramet
922;
$2,673,194
80%.
Consolidated balance sheet
514,307
1,281,109
income—
oper.
ry.
and
income
of
rate
common
.
216,377From Jan. 1—
: • ::V 7./
e.
Gross from railway——
27,283,923
Net from railway.—-—
7,684,712
Net ry, oper. income—
1,680,967
—V. 158, p. 1731.
Net
(& Subs.)—Earnings—
Ended
Months
•
assets
1941
1943
'
.
Distribution—
dends declared by Vascoloy-Ramet. Net income of Fansteel and whollyowned subsidiaries, plus 60% of consolidated undistributed net earn¬
ings
last
payment
Elgin Joliet & Eastern Ry.- -Earnings—
v"
.
——
excess
bonds
October—
—
—-
'
Federal
Fansteel
$L50
stock",
were
$6
.
$3,1.72
income
10%
16.0
24.9
167,925
97,525
declared
265
46,411
contracts under War Profits Control Legislation. The
tax refund was not included in earnings since it
has been the policy of the company to consider this item as a surplus
reserve
for post-war adjustments.
'
Consolidated net income of Vascoloy-Ramet Corp., a two-thirds owned
subsidiary, for the nine months period, amounted to $143,281 after
estimated Federal income and excess profits taxes at the. maximum
rate of 80%,
These earnings are subject to the same audit and renego¬
tiation provisions as those of the parent company.
'
%
103,425
30
Nov,
6,333
.%/■"
■
year-end
gotiation
Increase—-
Amount
1942
'
194,802
—
Light Corp
Light Co
on
capital
amounts
pared
dividend of $1 per share on the
a
payable Dec. 21 to holders of record Dec.
distribution was made on June 18, last, as compared
each on June 29 and Dec, 21, 1942.—V. 158, p. I033.
$18,622
declared
"After
figures do not .include the system inputs of any companies
directors
the
on
Like
Co.—$1 Distribution—
Dresser Manufacturing
The directors
$9,770
!—__
158, p. 1731.
maximum
,
Net
-capital stock,
$159,200
19,899
accruals
res.
income
"Net
corresponding
-
appearing in both periods.—V. 158, p. 2190.
The
:
•
.
the
'
A similar
14.
Dec,
$177,514
4,640
Earnings for Nine
;'; Edward Mfg. Co.—To Pay $1.50 Dividend—
stock, payable Dec. 23 to holders
distribution was made on Sept. 30, last,
as
against $1 per share in preceding quarters.
The directors also declared a wage and salary dividend of 6%~ on
their
fourth quarter's compensation in 1943 from current profits tc
those employees actively employed by the company on Dec. 31, 1943.
Three, six, nine and twelve months ago, a like amount was; disbursed.
record
$13,982
1,301
charges-!—
client
of
>
'on the outstanding $5,000,000 capital
of
&
Power
The above
not
81
Power
National
Dividend—
Dixon Crucible Co.—75-Cent
(Joseph)
r
1346.
p.
during 1942 were as follows;
Electric
of 25 cents each were mads on March 1, June 1
"and Sept. 1, last.
Dividends paid in 1942 were as follows: March , 3,
50 cents; June 1 and Sept. 1, 25 cents each; and Dec. 1, 50 cents.—
V. .15-7,
$8,470
revenues
Fansteel Metallurgical Corp.
with
as. compared
Co.,
Operating Subsidiaries of—
American Power & Light Co.!
cents
50
no
222,508
597,131
dividend of 15 cents per share has been declared on
the common stock,
payable Dec. 11 to holders of record Nov. 30.
:Quarterly distributions of like amount were made on Feb. 27, May 29,
Aug. 30 and Nov. 29, this year, and, in addition, an extra of 15 cents
was
paid on the last-mentioned date.
In 1942, four quarterly divi¬
dends of 15 cents per share and one extra of 15 cents were paid,
making* a total for that year of 75 cents,—V. 158, p. 1346.
$1,264,829
inputs
System
;
Nov, 19,
71,343
14,155
206,807
■
Falstaff Brewing Corp.—Year-End
Ebasco Services Inc.* which are subsidiaries
Light Co;, Electric Power & Light Corp. and
Light
&
Power
25,
Nov.
&
Power
American
of
ended
week
the
.
'common
;
.
1936.
p.
.operating
1942, $2,014,624. tAfter deducting reserve for. depreciation and amor¬
tization, 1943, $13,391,461; 1942, $11,750,794. fRepresented by 1,753,870
'ehares of no par value,—V, 157, p. 1730.
j
89,503
——
Dividends
13,910
■
•
,
—
Dictaphone Corp.—Distribution of 50 Cents—
.
Net
Ebasco Services, Inc.—Weekly Input—
„
,
.
for doubtful accounts and
reserve
Co._:—
& E.
158,
W.
■
"After
6,777
10,228
oper.
Interest
Easy Washing Machine Corp.—Treasurer Elected—
,
1,800,000
112,924,235 112,379,654
Totals
10,035
~
Balance
31,536,655
36,146,224
~
-V.
2,000,000
16,450,000
15,148,800
19,424,904
.3,101,200
preferred stock.,(par $100)—
Capital surplus
surplus
'
deductions:
dividend
G.
Balance
296,370
'
-Earned
.
A
2,000", 000
-
stock
tCommon
V.
$1,050,182
$1,179,095
705,271
$1,342,481
58,107
—V.
B.
1943—12 Mos.—1942
53,718
749,000
;
3,000,000
operations-":—y
contingencies
Co.—Earnings—
$2,340,050
—
Preferred
15'7,
$88,632
—.
Net
2,020,928
$2,275,444
deductions——.
7,250,000
per
3.—V.
482.027
$273,126
1
...
Miscell.
20,858,037
3,750,000
—
agreement
future invent, price decline
Reserve for insur. on lives of-certain officers-:.
Deferred
Taxes
6,030,705
463,280
$201,588
25,424
amortization
Balance
for possible
'"Reserve
6,451.804
37,970
accruals—
&
-and
State
municipal taxes in Canada and U. S
provincial,
Federal,
4,808,064
205,625
5,725,569
190,047
payable and accrued liabilities—_
on cumulative preferred stock-
Advances
565,527
136,385
(net) v
Interest
cents
20
Dec.
$92,369
—.
—
Maintenance
Retirement
'
—
res',
Retire,
.
for
—
44,249
revenues—
income
Non-oper.
of
record
1943—Month--1942
Non-oper. income, net--,
oper.
dividend
of
63,636
Operating revenues
Operation
1943—12 Mos.—1942
547,458
——
lincl. Jnc., taxes)
Net
initial
an
stockholders
to
16
Period Ended Oct. 31—
1,281,665
to banks—————
declared
Dec.
1843.
p.
$929,640 $11,064,349 $10,873,711
$929,681
—
——1—
Balance
Liabilities—
Provision
193C
Subs.)—Earnings—
1943—Month—1942
Total————112,924,235 112,379,654
Dividends
1,
have
directors
-payable
Fall River Gas Works
Period End. Oct. 31—
270,000
Accounts
Oct.
1936.
p.
Eastern Utilities Associates (&
,Taxes
profits tax refund, estimated—
Notes payable
be made since
—
1,595,436
excess
158,
.Maintenance
.Prepaid expenses and other deferred items——
Post-war
share,
of
cents per share was made on the old stock.
payment of 37J/2
a
—V.
18,109,491
19,349,935
tProperty,: plant and equipment———!——
Trademarks, bottling and blending rights,-con¬
The
$5, payable Dec. 23 to holders of record
par
the-first
is
Fairchild Engine & Airplane Corp.—Initial Dividend
10 cents pef share
declared a dividend
23
59,409,787
62,481
—
Government bonds—.
Inventories
—
when
S
.
"Accounts
Canadian
9,287,436
16,439,433
.
banks
in
1942
This
10.
.Dec.
1943
Nov.
on
thf common stock,
on
Sheet, July 31
Consolidated Balance
directors
The
2251
Co.—Resumes Dividend—
Eastern Rolling- Mill
$649,-
1943, $8,687,000 in 1942 and
and post-war credit-of $270,000) in
.000
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4235
158
from
income
158, p. 1857.
—
2252
THE COMMERCIAL & FINANCIAL CHRONICLE
Fort Worth
&
Denver City
Summary of Assets and'Liabilities, Sept. 30, 1943
Ry.—Earnings(Based
October—
Gross
from
Net
ry,
railway—
from
Net
884,097
income--.
449,121
560,314
$537,839
138,947
from
ry.
Cash and receivables
2,685,624
3,972,712
1,555,266
income—
3,281,458
2,910,400
814,6J2
686,288
1531,
pp.
8,779,519
12,806,201
5,320,116
An
dividend
like
of
$5,
both
of
cents
25
declared
Bank
Arthur
Pulis,
that
These
the
1.
An
extra
Guaranty
Title
&
Co.,
bonds,
and
Dec.
Vice-President
Froedtert
There
have
of $155,000
out
of
will
1944
1,
have
and
1
made
231
at
redemption
1943,
24,
sinking fund debentures due Aug.
Illinois
Continental
Salle St.,
La
directors
the
There
.
Nov.
on
26
declared
dividend
a
of
cents
30
National
111.—V.
Chicago,
Nov.
on
declared
30
Bank
158,
dividend
a
by a similar distribution
Dec. 30,
on
have
share
per
Gross
par value, payable Dec. 28 to
holders of
distributions were made on March 30, June 23
last.
Payments in 1942 were as follows: March 30,
29 and Sept. 23, 25" cents each; and Dec, 22, 35 cents.:
been
&
Trust
"
■
1, 1958,
Payment
oper.
Ry.
cf 30
cents
Jt.
(Including
Statesboro
Northern
$177,678
exps._'__—;
Railway)
'
-
income:
9,198
94,205
dividend
stock,
12 Va
of
both
amounts
payable
have
158,
15
Dec.
■■
holders
each
of
record
since
quarter
1,322,556
Gross
Nov.
30.
'
ry.
$280,834
cents
each
also
paid
four
1942,
during
the
regular
quarterly dividends'of
company
paid an extra of 25 cents.—V.
applic.
Dec.
on
21
that
of
General
25
year
157, p. 728.
Cigar Co., Inc.—Extra Dividend of $1—
directors
have
declared
dividend
extra
an
of
$1
rv $-204,864
to
int..
:,W :
$3,506
323
$10,573
7,601
and
usual quarterly dividend of 25 cents per share on the common
stock, both payable Dec. 13 to holders of record Nov. 29.
On Dec. 19,'
last year, the company paid an extra dividend of $1,25 per share on
this issue, the same as on Dec. 20, 1941.—V. 158, p. 770.
revenue
$212,465
General Investors
Trust—Earnings— *
including realized and unrealized gains
capital'expense.)
158,
9 Mos. End.
Income:
Stock diy.
Interest
Gross
$203,067
1942
:c'
v
1943
5,493
6,180
—
9,920
8,325
9,547
6,721
period—
$76,139
$78,085
$87,278
$3,761,135
1,374,098
374,250
paid
and
accrued
71,370
.74,239
73,354
1,027,319
1,285,762
Balance
Federal
for
bank,
Sheet,
owned
income
$148,027;
at
tax
as
of
accrued
Sept.
quoted
purpo-es
interest
30,
1943
(cost
bookr
per
$1,793,373),
$1,845,108; cash
$9,236; dividends re¬
ceivable, $11,394; due from brokers,
receivable, $3,828; total, $2,030,100.
$6,508;
tax
refund
and
interest
Federal
of beneficial
interest
(par value $1), $392,326;
$1,532,711; unrealized appreciation of securities owned,
undistributed income, $35,021; dividehds payable, $23,540;
reserve
income
for
tax
Federal
$486;
accrued
miscellaneous
capital stock tax, ,$120;
\ ■
yv
■
390.
p.
1942,
Gross
from
ry.
$415,949
total,
taxes,
a
dividend
6
Dec.
to
March
on
of
50
holders
8,
of
June
7
■
elected
was
director
a
the
of
company
$3,708,529
,
1,431,197
Fed.
fo'r
1941
1940
$1,813,000
735,983
487,183
420,497
650,748
338,877
247,103
26,999,719
19,545,000
15,436,743
12,103.009
10,291,279
6,604.836
3,447,657
4,155,812
4,447,372
3,217,437
1,150,127
income—.
1943—Month—1942
$316,063
—
1943—12 Mos.—1942
$244,227
$3,607,236
120,553
-,
1,757,247
217,493
—
deprec.
25,750
18,750
257,000
prof its
420,499
ry.
•153.167
$33,868
$580,150
14,120
$25,655
14,331
$19,747
$11,324
taxes, j
[605,240
3,847,181
3,339,235
from
3,248,756
671,179
Net
ry.
2,833,745
1,117,253
572,398
1941
railway—__
railway.
$540,519
$528,257
$272,315
268,567
43,852
166,269
4,588
6,227,483
from
3,066,696
ry.
/
railway
income—^
oper.
4,128,256
3,018,268
1,712,248
.
964,383
■;
812,643
'..'W'
158, p. 1732.
2,124,413
931,672
416,408
.
1942
1941
1940
$264,277'
$158,793
$157,045
99,688
27.105
32,580
income.—
*2,146
64,128
"2,185
*2,344
2,020,749
1,422.367
621,104
336.759
1,037,011
73,463
263,357
47,092
192,450
oper,
444,754
130,224
directors
have declared
stock,
Shrs.
of
made
were
were
on
follows:
as
and Dec. 20, 50 cents.—V.
a
in
1943
Subs.)—Earns.
1943—9 Mos;—1942
$538,900
$1,512,800
$1,542,500
1,334,995
.1,338,160
1,334,995
1,338,160
$0.34
$0.37
$1.03
stock
common
deductions
Federal
(&
$496,000
outstanding (no par).
Earnings per share
usual
Co.
1943—3 Mos,—1942
profit, estimated—
"After
dividend of 25 cents per share on the
to holders of- record Dec. 1.
Similar
April 20, July 16 and Oct. 18, last. Payments
payable Dec.
Refractories
and
for. depreciation
State
income
and
Operating
Sept. 31—
1943
1942
1941
profits taxes
excess
and
$1,100,400 for the 1942 quarter)
.(1943, $25,000; 1942, $130,000).—V. 158, p.
and
April 20, July 13 and Oct.
158, p. 1637.
'
•
Harrisburg
15, 25 cents each;
The directors
share
$3,422,174
$3,041,785
$4,130,800
....—..
Expenses
2,681,876
2,500,015
3,279,425
Gillette Safety Razor Co.—45-Cent Distribution—
$3,923,555
3.243,794
dividend
A
stock,
Operating profit
Other
$740,298
$541,770
$851,375
34,547
21,497
25,045
$774,845
$563,267
$876,420
$703,914
232,605
—
241,635
243,530
249,763
income
Total income
Deprec. and amort., etc.
Interest
and
$579,761
-.
30,153
miscellan.
deductions,
net
:
598
129
with
payable
25
cents
Net
profit
for
J
Fed.
$542,240
$176,632
$427,227
tax.
inc.
237,000
145,000
200,065
Note—Earnings on ths 607,598 shares
Sept., 1943, quarter amounted to 27 cents
1942
and
$0.46
in
1941.—V.
of
common
as
compared
the
On
Net
asset
coverage
asset
value
loans
the
of
of
the
indicated
covered
were
preferred
stock
stock
common
was
for
was
summary of assets
30, 1S43, 4.8 times.
$128.29
cents
in
sales
of
Net
dividends
in
arrears
Income
and
accrued
Account,
9
on
Months
1243
Total -income
Gen.
exps.
*
Refund
for
prior
100,4
•
—
23,344
$5
cum.
(of
on
shares)
pref.
—
sale
"Includes
(2.772
stock
and
,
Steel
Corp.—Extra
Nov.
on
of
$520,831
115,064
130,876
$3
shares)
in
in
in
declared
30
$649,066
$209,607
1942;
$474,400
*408,283
income
Distribution—.
extra dividend
an
408,283
408,240
407,782
1.653,816
(4,032
1940.
324,762
282,516
$688,052
$409,431
$324,304
{$72,909
51,864
121,063
155,113
153,307
/
of
30
292,500
Net
profit
Common dividends
176,500
1942,
$415,611
$479,416
provision
123,000
$19,847
in
$356,416
$65,547
■
270,000
345,000
45.00C
$1,13
$1.19
$0.22
depreciation
1941
and
depreciation of $4,158
$3,387 in 1940. "fLoss.
§On
in
$341,101 '
in
$22,932
1943,
banks
Sheet,
in
shares
Sept.
in
$20,906
provision
$4,028
common
30,
1943,
tlncludes
1.942,
stock
1,475,712
457,982
in
1941
(2,772
shares) in
1943;
$3
shares), in 1941 and $18
(17,308
1940
$754,773
Depletion
Net
profit
$750,000;
$3,185,294.—V.
10.
June
25
March
36,712
accrued
liabilities,
2348.
which
$411,912
$0.41
income,
$179,630
J$228,313
$0.18
ton
$0.23
(par 25 cents) capital
the
and
24
Nov.
on
25,
Sept.
25, 60 cents;
declared
year-end
a
stock,
payable
of
common
Distributions
cents
50
last.
Dec.
each
Payments
158, p.
50
dividend
to
holders
made
during
and Sept. 25,
June 25
21
were
1942
on
were
$1
per
as
follows:
and
centJs each;
1937.
of
of record
March 25,
Dec. 21,
.
corporation
$317,012*
reports
renegotiation of
$540,000
was
that
contracts
credited
to
the
for
Government
the
year
Federal
recovered
ended
excess
Dec.
profits
31,
$500,000
1942',
tax.—V.
of
158
2046.
p.
&
''
Hewitt Rubber Corp.—Regular
per
directors
on
Nov.
23
declared
a
share on the capital stock, par $5,
par)
record
total,
and
p.
V
4,535
Iiershey Chocolate Corp.—Renegotiation of Contracts
The
p.
121,509
16.484
4,890"
$157,417
——
year-end of 90 cents.—V.
under
deductions,
$8,742;
common
.stock
($2.50
surplus, $859,641; earned surplus, $1,201,403;
157,
97,727
9,622
f
per share— —$0.15
directors
on
Dec.
The
1943
payroll
capital
146,615
Hercules Powder Co., Inc.—Year-End Dividend—
The
expenses,
$5,466; property, plant and equipment
(less
depreciation of $728,210), $370,310; patents and
goodwill,
employees',
368,245
'
—
tEarnings
306.986'
for
on
$48,437;
1943
1941
and
hand, $775,787; U. S. Govemmen'
receivables (net), $103,740; inventories, $404,-
payable,
40
4
$605,363
$3,185,294.
Liabilities—Accounts
26,
cents.—
Co.—Earnings—-
income-
prepaid
for
Sept. 26, 20 cents;, and Dec, 22, 35
of
per
1942
stock.
990;
total,
March
$975,740
in
$1,525,000;
$1;
each
cents
^402,711
a
$22,590
1940,
$4,053
300,000
and
in
of
30
$828,670
13,500
.
$1.38
for
follows:
as
common
Tn
$80,398
225,000
per share.
were
1,000,000 shares
Stock, .{Before depletion.—V. 158, p. 830.
$517,601
——
1942
8.
of
cents per
the
on
Dec.
gexpenses348,096,
Taxes accrued, estim,—
102,680
Depreciation————
20,476
1,351
taxes
in
share
per
record
distribution
regular
a
Operatin
State
&
of
.'
"Includes other
I>rl2,893
$708,112
Fed.
cents;
30
holders
984.
p.
"Gross
share
reserve
$4
444,582
'
255,324
Dr31,805
26,
quarters
Payments
Hecla Mining
$664,756
>
158,
made,
to
3 Mos. Ended Sept. 20—
$906,959
!
June
1940
sales
218,907
cents;
V.
Dec, 22
preceding
was
<
obligations,
$556,636
common
v
-1941
.
$654,189
on
Assets—Cash
$418,258
stk.
paid
1942
,
$2,073,741
1,424,675
15,555
$333,818
——
compares
1942, and 15
1,123,195
Balance
invests.
This
15,
expense
"Includes
1940
7,109
Dec.
on
payable
share
$1,787,951
profit
for
^Earnings
$872,059
.
29.
Corp.—Earnings—
& adm, exp.
esti¬
$715,300
for contingent reserve
1859.
quarterly dividend of 30 cents
a
both
three
common
1,859,873
years'
——
conv.
dividends
Loss
Net
1941
108,723
Nov.
the
the
on
$2,766,833
deduction
Prov.
OS,750
income
profit
Interest
Sept. .30
$556,325
7
9,543
taxes
Net
stock.
Ended
1"42
$50\859
and interest-
Taxes
that
declared
4.——
sales
profit
and
share, and the
share; after allow¬
ing for the liquidating value of $105 per rhare of preferred
for
record
1943
—■—J—,,
gen.
The
per
per
of
paid on June 30, last, 30 cents
1942,-~V. 158, p. 1937.
the
$0 006
the
Sept.
92
holders
Int. & other income—__
bv
on
share has been
June 30,
Gross
158, p. 2191.
valuations
of
bank
to
Gleaner Harvester
tSell.,
Shareholdings Corp.—Quarterly Report—
basis
liabilities,
11
per
Years End. Sept. 30—.
Other
General
cents
and
stock,
$460,022
stock
with
45
Dec.
cents
on
"Cost
Prov.
of
for
11
1940
....
revenues
$1.05
and depletion and
'
3 Mos. Ended
$296,758
,
21,922
Period Ended Sept. 30-
-'x'""
GHidings & Lewis Machine Tool Co.—25-Cent Div.—
1942
66,150
$342,120
$201,456
Harbison-Walker
i
"Net
...
mated
in
:•1943
,•••.■
.
January 1—
Gross from railway
;
2,112,823
Net from railway—-—.
189,285
Net ry. oper. income...
*167,093
"Deficit.—v., 158, p. 1859.
• ;
30,463
Net
The
66,156
'■■■,
From
70,299
70,621
oper.
common
5,513
$249,501
203,832
income—
169,201
$362,914
1940
from
From January 1-*Gross from railway
—V.
Earnings—
1942
171,873
railway—.
railway———
from
Net
1943
$532,115
$408,276
;.
$5,811
.
October—
ry.
5,513
$14,234
C—j,w'_
October—
3,346,055
Georgia Southern & Florida Ry.
Net
preferred stock
4,403,495
1,277,121
•
,
—
230,574
-
Gulf & Ship Island RR.—Earnings-
91,034
,:;V;'
1358,
p.
—
income
Gross
7,383.129
206,315
202,731
...
79,268
—V. 158, p. 1859.
112,998
9,081,264
income
oper,
218,259
183,716.
219,160
(254,430
,
37,952
/
other deducts.-
on
$2,714,681
1,323,778
and
taxes—,.}
income
and
Net
$406,344
'
from
23
$2,185,049
.•V
taxes
exc.
Int.
1940
$585,382
373,003
231,201
Nov.
on
2046.
p.
.
revenues
Gross
2,676,054
1941
.
-$895,871
222,883
,
31,619,640
—
amortization
Divs.
1942
income'—
Net
158
Advertising Co.—Earnings-
1942
$3,423,996
1,057,612
railway
railway
Balance
railway--——
railway——
from: railway
—
$162;
$2,030,100.—V.
1943
railway—.
oper.
158,
General
$2,764,553
$192,944
1343
30
RR.—Earnings-
$3,021,622
railway
Federal income
$5,440,617
$183,470
$306,426
Nov.
V.
■'
from
Provis.
3,799,644
223,005
■'•"
share
per
Sept. 13, thit
1942, dividends
by the resignation of Carl F. Speth.Lw. 158.
■.
Operating, expenses
;y)
railwayOa..
cents
record
and
"
Gross
1,908,059
3,787,115
223,005
pfd. stock
oper.
158,
183,624
14, 1938 to and including Dec. 7,
per share were paid each quarter.—V.
157, p. ,898.,
Wickes
from
4,822,601
$6,384,593
2,676,064
From Jan. 1—
—V.
393,273
•-
Gulf Power Co.— Earnings—
$9,240,262
$406,475
.
from:
Net
payments
General Outdoor
$727,024 $10,171,707
311,075
Liabilities—Shares
capital surplus,
Dr45,734;
declared
made
Period Ended Oct. 31—
3,703,847
330,610
Net
bonds,
on
24
payable
were
March
:
ry.
$45,866,678 $41,052,035
17,950,373
16,957,715
3,931,945
1,927,895
8,195,799
$737,086
158, p. 1858.
Gross
prices
Nov.
on
stock,
'
on
Net' from
market
was
257,197
from
Gross
4,419,540
:
Net. income "L;t—a..;!,!:
,■
75,335
Assets—Securities
524,927
279,202
1940
1943—12 Mos.—1942
4,688,955
deducts.,
other
Dividends
$77,894
—
580,093
528,958
ry. oper. income..^
From Jan. 1—
y
1942
J-
,393,000
:
income
and
5,401
for
expenses
Divs.
in
4,262
890,412
1
:
payments
from
—V;
1,854,229
—
Net
$90,01
(6%
income
1,441,766
Net
$1,586,719
profits tax,
exc..
Gross
Int.
Gross
'
1,676,371
From
Gross
$114,830
$1,815,222
$31,825
$4,011,635
....i.
expenses
Federal income taxes-
Net
8103,006.
1,8°8,658
Gulf Mobile & Ohio
7 —Jan. 1 to Nov. 21—
General taxes —1
18,442
inc.
Net
ahd
$71,573
21,366
$90,673
2,375,870
railway———
income—1
1347.
Net
1943—Month—1942
October—'
1940
$81,640
23,563
25,125
railway—__
capital
Net
revenue
Operating
'
575
18,052
$91,552
compens.
gross
Other
1942
:$J6,5?5
bonds--,.,.-.-
income
Trustees'
of
v
sale——a—a-■■ ."..'t-•
on
Total
tnvidends
24,444
3,342
Georgia RR.—Earnings—
1941
1943
$'/3,i>00
Sept. 30—
n
ca
21,473
75 cents
p.
securitier
on
53,911
25,169
income-—
to fill the vacancy caused
2191.
p.
Depereciation
—V.
-V:;
,
.
losses
or
$181,933
49,596
;f Guantanamo Sugar Co.—New Director—
.
$118,172
4,398
•:
$3,183
$37,325
Balance
(Not
1941
$177,933
53,533
directors
the
year.
11,249
■
-Week End. Nov. 21-
the
or
1942
$204,813
oper,
Similar
$106,923
$2,935
v
-
541
income
Period Ended Oct. 31—
'
■
.share
per
-Earnings-
80.459
$183,061
Brl9,557
1,140
1943
Federal
The
32,662,186
20,328,801
Greene-Cananea Copper Co.—50-Cent Dividend—
Georgia Power Co.—Earnings-
year-end dividend of 60 cents per share has been declared on the
capital stock, par $5, payable Dec. 10 to holders of record Dec. 1.
Payments of 25 cents each were made1 on March 20, June 21 and
to
86,650,095
41,990,892
25,711,062
'
J9r56,580
Brl9,859
323
income....
Operating
—V.
addition
105,179,072
58,424,946
31,829,813
25,423,290
s
158, p. 1858.
The
90,892
Br56,112
$10,902
v
Like
including March
and
A
In
135,473,817
65,842,786
—
$267,030
from
Net
20, last.
163,851,415
a
January 1—
from
on
1,212,018
,
Dr 1,949
r
$3,762
income..
Period—.
General Candy Corp.—Year-End Div. of 60 Cents—
Sept.
3,140,832
October-
1132.
p.
2,839,080
railway—
Forsyth
income.
oper.
Deductions from
share and the regular quarterly
have been declared on the common
to
disbursed
been
19,41.—V.
15,
6,708,227
railway—
ry.- oper.
Net
$1,485,970
$6,931
£rl,980
....
per
share
per
3,144,051
1943
from
From
y
Dr2,077
Br3,053
.
(net)—.
Non-operating
Surp.
cents
5,439,556
158,*'-'
1942; none .since.—V.
1940
5,304,527
1858,
from
of
$19,795
(net)-.-—
rents
ry.
.1941
10,093-,892
•
income—
p.
Net
Gaylord Container Corp.—Usual Extra Dividend—
cents
1942
9,102,889
railways-
railway
oper.
Net
1943—10 Mos.—1942
$1,697,596
9,997
rents
Net
158,
$19,779,475 $18,897,840 $13,639,285 $11,641,488
October—■
Gross
—V.
$139,563
123,374
147,886
oper.
Gross
12Va
ry.
—V, 158,
*
1943—Month—1942
accruals——.—*
facil.
1942,—V.
-
rev
oper.
tax
Ry.
Equip,
share
per
:■'
extra dividend of
from
from
Net
'
Ry.
31,
■'
income—
oper.
Net
for
Period End. Oct. 31—
Co.,
Dec.
1
:
called
ended
year
1943';
January 1—
Net
1277.
p.
3.857.;
An
the
Ry.—Earnings—
railway—_
from railway-
ry.
From
no
■/.
for
,
from
Net
Similar
June
Co.—Renegotiation of Contract—
contracts
October—
Gross
.
Georgia & Florida RR.—Earnings—
total
a
,
-p.
■■
redemption as of Jan. 1, 1944 a total oJ
$103,000 of. first mortgage 5% 40-year
sinking fund gold bonds due
July 1, 1952, at 105 and Interest,
Payment will be made at the Central
Hanover Bank & Trust
Co., trustee, 7.0 Broadwav, New York, N. Y.—
V. 157. D. 2042.
' :
"3
common
followed
$11,642,523
'
'
Georgia-Carolina Power Co.—Bonds Called—
stock, par $1, and. the usual quarterly dividend of
30 cents per share on the. 6% preferred stock, par $20, both payable,
Dec. 22 to holders of record Dec. 10.
Ah initial payment of 25
cents,,,
per share was made on the common stock on Dec. 30, 1941, which was
.
,Y
*".'.
r
.
Gair Co., Inc.—30-Cent Common Dividend—'
(Robert)
The
,
158, p. 1337.
Ry.
on
deducting bank loans—'
stock,
7.
29,
35 .cents;
.
of Dec.
as
of
2046.
p.
Malting Co., Inc.—Debs. Called—
called- for
the
So.
Goodrich
Green Bay & Western RR,
sinking fund and other monies, at 104 and interest.
be
trustee,
Dec.
Sept.
—V.
redeem
been
15-year 3% %
of
F.)
3,000,000
Refractories Co.—30-Cent Distribution—
capital
record
Treasurer, in November an40%: of its outstanding 4'%
and
would
Grain &
been
(B.
$14,642,523
—
.
1937.
p.
directors
the
on
Newark,
of Bonds Outstanding-
company
deducting bank loans
r
'
The company reports that the Government recovered
$8,586,000 under
Net
which mature Dec. 1
extended to Dec. 1, 1945 under the
terms o fa plan which has been adopted by the requisite number of
bondholders and approved by the New Jersey Commissioner of Banking
and Insurance.
The company expects to re,tire the balance of this
indebtedness in full on the new maturity date.—V. 123, p. 1883.
1943
158.
1637.
Great Northern
158,
General
bonds on Dec; 1, 1943.
in the total amount of $599,000,
trust
Trust,
390,153
—
Net assets after
—V.
1942.—V. 158, p. 888.
30,
cents on Dec.
Mortgage
G.
nounced
and
p.
Sept. 30, last, one of 50 cents on June 30,
on
N. J.—Redeems 40%
mortgage
:
$740,472
securities-—489,950
securities————- 13,802,254
1,
100
$15)032,676
loans
The
Franklin
the outstanding first
mortgage 6% sinking fund bonds due
1944, have been called for redemption as of Jan. 1, 1944 at
interest.
Payment will be made at The Firth Third Union
Co., trustee, Fourth and Walnut Sts„ Cincinnati, Ohio.—V.
of
Oct.
of the corporation)
assets
on
record Dec.
holders of
15 to
Dec.
and one of 25
All
in
.
Gross
the regular quarterly
the common stock,
and
share
per
been
have
of 25 cents was disbursed
1943,
(The) Globe-Wernicke Co.—Bonds Called—
value
renegotiation
amount
payable
fair
Liabilities, not including bank loans—-—
1731.
Fox Brewing Co.—Extra Distribution—
extra
dividend
par
then
—
in other
Net assets before
(Peter)
their
on
Investments in U. S. Government
4,910,558
1,394,488
oper.
158,
the opinion
*,
Investments
railway——
r
30, 1943, for securities owned,
market' quotations,
of
'
106,885
railway-——
from
Net
absence
the
181,483
64,758
„
market quotations as at Sept.
on
in
or,
January 1—-
Net
—V.
$1,568,353
1940
$579,013
$1,125,652
594,218
oper.
From
Gross
railway—
1941
1942
1943
Monday, December 6* 1943
Dec.
1.
Sept., 15,
2042.
Similar distributions
this
year,
and
in
payable
were,
each
Quarterly Dividend—
quarterly
made
quarter
dividend of
Dec.
on
15
to
March
during
25
cents
holders
of
15, June 15
1342.-r-V
157
%
Volume
158
Number 4235
THE COMMERCIAL & FINANCIAL CHRONICLE
parts
Hudson & Manhattan RR.—Income Statement—
Period End. Oct. 31—
Gross
Oper.
1943—Month—1942
&
exps.
$744,454
$7,725,772
554,237
533,405
5,503,922
4,769,458
$221,389
Operating income
Non-oper. income
$211,049
$2,221,851
$2,142,620
9,072
8.772
94,089
100,975
—
income
$230,461
$2,315,940
on
of
the
both
corporations
in
the
tool
of
will
course,
as
its
will
receive
share
one
of
144,946
Pr.
$^3,039
$"4,875
109,367
•
.
$780,200
1,081,115
1,173,054
$34,492
104,953
$931,046
$150,069
$392,854
national
cf
interest
1348.
adjustment
on
-
income
bonds.—V.
153,
$5,
par
Dec;
on
payable
with
compares
30
Dec.
cents
18,
share has
per
10
paid
1942.—V.
158,
holders
to
10,
Aug.
on
been
declared
of
record
last,
the
on
Dec.
and- an
Detrola "for
shares of $1
make
to
stock
of
the
10
months
Sept. 30
on
to
Oct.
31
were
Int.
Controller.
and
Directors
railway—
Net from railway
Net ry. oper. income.
From January 1—
Gross from railway..
Net. from
Net. ry.
1941
1940
$17,589,868 $11,527,958
6,023,053
2,493,052
6,486,765
2,633,444
H.
Foster,
John
as
and Frank A.
John
3,118,457
International
_
$9,440,420
Ballantyne,
Hancock,
C.
Warren
Willard.—V.
158,
2,827,021
1,998,279
1,280,827
175,780,328
145,272,601
100,234,933
Net
income
Dividends
81,160,316
60,106,137
27,866,436
20,672,532
17,556,878
10,516,269
Earnings of System
Period End. Oct. 31-
oper.
tax
revenues
20,851,925
oper.
Railway
Ry.
expenses
13,786,173
J.
Co.
(&
Equip.
joint
&
rents
ry.
21,201,918 206,595,236 173,963,450
13,447,657 134,613,383 110,705,848
2,844,720
34,673,345
26,612,198
Dr482,806
...
Dr654,551 Dr5,314,211 Rr4,821,869
Other
income
Misc.
income.
oper.
—
2,765,547
106,317
deductions
31,994,297
66,521
833,224
Dr5,779
Dr47,230
avail,
for
charges
Int.,
;
$2,723,203
•
■
stock--
pfd.
268,951
269,676
charges
>Net
....—*
1,308,495
32,498,038
1,731,380
for
Federal
11,919,368
3,007,237
income
and
taxes.—
provision made in prior years for income taxes.
Mills, Ltd., 2nd preferred stock not owned by
excess
Flour
land,
Balance
Sheet, Aug. 31,
sidiaries,
1943
ry.
railway——
railway.—
from
Net
From Jan. 1—
Gross
from
Net
from
Net
ry.
$928,488
$916,910
$661,486
477,667
295,877
:
.
♦211,745
170,399
railway
108,252
8,159,232
7,386,165
5,842,375
3,635,618
3,298,118
2,371,347
1,296,189
_
1,470,411
Income—
♦Deficit.—V.
158,
Period Ended Oct. 31—
RR.—Earnings—
oper.
revenues—.
$1,455,451
Ry.
oper.
expenses.....
1,231,316
Ry.
tax
accruals
Net
—
1,377,472
less reserve,
$15,257,159;
payable
due
installment,
assets of
Aug.
15,
bonds), $1,500,000;
Flour
Mills
Co.,
leasehold
Ltd.
bonds
1,135,624
$59,968
$125,787
$1,117,617
4,393
■
'
62,436
$50,000;
Canadian
1950
income
$130,18U
$1,180,053
(secured
inc.
3,344
3,138
30,981
Humberstone
Flour
charges—
41,284
419,738
of
$729,334
$848,631
fixed
Net
property), $400,000; reserves for maintenance
$6,797,544; reserves for Canadian exchange on net
of
Canadian
subsidiaries, $260,314; reserves for
(including possible additional Federal income tax on
second
—V.
41,446
-
$22,826
—
,v
$85,596
158, p. 1473, 1938.
$8.55
share,
per
after
securities,
is
Inspiration Consolidated Copper Co.—25-Cent Div.
provision
'
division
The
of
listed
the
:
-
for
all
securities
estimated
taxes
to
Sept.
30,
directors
The
the
capital
Nov.
on
declared
24
a
dividend
of
25
cents
Cash
and
assets
net
non-liquid
into
assets
cash,
and
receiv.
Total
less
of Sept.
as
payables and less provision for
—_;
Investments
Based
Shares
New
will pay
share
York,
30,
1943,
on
of
on
record
Dec.
and
Bulolo
taxes
$239,749
*
31.
Bulolo
A dividend of 25
cents per share has been declared on the common
payable Dec. 10 to holders of record Nov. 26.
This is the only
payment so far this year.
Distributions of 25 cents each were made
17 and Dec.
158.
International
See
11,
1942,
and on
of
Gross
from
Net
from
ry.
Machine
Tool
Corp.
1943
■
railway.—
17
and
Dec.
12,
the
1943,
or
last
1940 /'
$2,330,883
$1,325,512
exchanges,
except
.—
Dredging, Ltd.
share.
(figured at $12 U. S.
The market value
available
272,952
137,235
quotation
at Sept.
of
all
1943
29,
year-end
$9,378,808
stock
U.
S.
is
carried
if
dollars
in
on
such
the aforesaid valuations
—
Deferred
In
and
advances to
Machine
of
this
Tool
Corp.—Merger Approved
corporation
approved
on
Nov.
29
a
electronic
ing
under
the
Detrola
for
Detroit radio manufacturer now produc¬
the Army and Navy, into International
Detrola Corp."
-
"International
stockholders
the merger is
The Detrola
included
devices
name
voted
in
favor
of
the
proposal on
Nov.
27
and
expected to become effective Dec. 31.
company
portable
and
employs some 1,350
home
radios,
record
Net
changers
and
The
It
International
Indianapolis,
has
some
1,200
corporation
Ind.,
and
a
employees
has
machine
welding
and
tool
division
manufactures
in
in
South
Bend,
military
Elkhart
Ind.
automotive
and
50
cents
12 Monihs
Ended
Oct. 31
not consolidated herein)
company
—V.
$5,881,820
2,456,754
income
tax
399,940
319,805
from
520,978
$1,354,765
operations—;
$1,502,257
(net)
.l_
29,314
____
20,446
$1,384,079
720,502
.___
_______
$1,522,703
$663,577
$802,088
.
preferred stock
on
720,615
334,903
share
(412,000
shares
of
334,903
$328,674
$467,185
$0.79
i
per
684,076
259,572
taxes——.—
317,815
704,033
;
544,600
accrued
158,
1942
$6,142,807
——
taxes:
deductions
$1.13
stk.)
com.
2047.
p.
Jefferson Lake Sulphur Co.,
♦After
Inc.—Earnings—
I'M"—3 Mo*.—1942
earnings
$55,264
provision
1943—9 Mos.—1942
t$52,677
§$111,888
ff$344,706
for
depreciation of fixed assets and depletion of
sulphur and oil properties.
tLoss.
flnc^des charge-off of previously
drilled sulphur prospects.
§Before Federal and State income taxes
at
$11,000.
Company's
hand
S.
position
in
and
banks,
bonds,
war
receivable from
(at
of
as
Sept.
$348,275;
$200,000;
30,
1°43
accounts
was
in
fol'ows:
as
receivable
investments
(sulphur),
subsidiaries,
Cash
on
$422,865;
$61,000;
notes
subsidiaries for advances, $30,000; inventory of sulphur
contracted
prices),
$668,400;
inventory
of
pipe,
materials
(at cost), $185,101.
t
Current liabilities, including
provision for taxes of $42,299,
taxes of $59,408, rovalties of $30,077, amounted to $260,151.
and
on
Sept. 30,
to
sterling
at
wish
advance, and
do
developments-
Jan.
so
doing
-The
directors
payable
Dec.
was
holders
of
$5
have
10
per
record
to
$4,190,624
-
Central
the
to
may
so
declared
bonds
dated April 13, 1934,
1944, at 100 and interest.
1,
Seaboard
Citizens'
1944,
both
of
presentation
upon
principal
National
of
bonds
and
at
accrued
Bank,
time
any
Inter¬
on
or
1943.
Oklahoma
Gulf Ry.—Earnings-
&
1943
1941
1940
$336,398
$224,244
$212,697
177,324
income—_
oper.
1942
$359,866
railway
railway—
214,485
123,614
131,765
from
from
Net ry.
—V.
railway
109,303
106,335
61,010
83,318
3,330,117
2,554,234
2,072,549
1,856,972
1,552,323
1,367,819
1,147,268
1,001,900
698,466
628,014
693,962
607,800
'
...
railway—
income—
oper,
158, p. 2192.
Keith-Albee-Orpheum Corp. (& Subs.)—Earnings—
39 Weeks Ended—
from
America—Bonds
Called
Oct. 2, '43
operations
for
income
Provision
for
$2,188,473
474,185
483,045
,
conting. and post-war
for
taxes
excess
Oct. 3, '43
$3,156,726
Depreciation
adjustments—
(normal & surtax)
profits
250,000
1,045,000
tax—
631,169
170,000
Net
pound
present
sterling.
their
Holders
bonds
for
called
of
payment
in
in stock
April 20,
profit, after
all
charges
$1,217,541
$1,074,258
Note—The
provision for Federal income taxes for 1943 approximates
the consolidated tax
return
liability on a 42%
basis, whereas the
1942 income taxes
(calculated at 40%)
cover the
aggregate liability
on
individual
an
tax return basis.
The provision for excess profits
effect to extensive and non-recurring unused excess profits
and to the statutory credit against such excess
taxes gives
credit
adjustments
profits taxes resulting
from
debt retirement.—V.
1134.
158, p.
Kennecott Copper Corp.—Special Distribution—
a
stockholders
share
1,
27,
payment
from
ry.
Engineering Corp.—Cash Div.—
1,
receive
may
Dec.
from
6,626
Interstate Aircraft &
upon
Feb.
mortgage
the
Norfolk, Va.
Net
88,671
will receive the full redemption price plus
158, p. 2047,
to
at
1,412,140
1944.—V.
interest
first
made
for
$4.86%
to
be
October—
Net
redemption as of Feb. 1, 1944, a total
$1,400,000 of 1st lien & ref. mtge, 6!A>% gold bonds, due Feb. 1,
1947, at 100 and interest.
Payment will be made at the office of
Henry Schroder Banking Corp., 48 Wall St., New York, N. Y„ in
U. S. funds, or, at the option of the holder
thereof, at the office of
J.
Henry Schroder & Co., 145 Leadenhall St., London, England, in
who
to
From January 1—
J.
pounds
outstanding
called for redemption as of Jan.
will
of
1
the
of
Prov.
called
as
Jones Cold Storage Corp., Norfolk, Va.—Bonds Called
Gross
;
been
of $92,155 were paid on the
preferred stock and
1943, a cash dividend of 10c per share, amounting
paid on the common stock.—V. 158,, p. 772.
25,
was
Net
securities
1134.
have
severance
dividends
Oct.
Kansas
cash
of
divid'end
record
paid
1943.—V.
in
158,
Dec.
of
3.
25
cents
The
April of this
p. 1733.
share,
per
previous
year
to
divi¬
stock¬
The
and
A
In
America—Quarterly Report—
The net asset value per common
with
securities owned
valued
at
share outstanding at Sept. 30,
market
prices
at
that
date,
1943,
was
have
declared
a
special
dividend
of
$1
per
share
regular
25
and
1942,
cents
March
Dec.
stock,
while on
cents
Investment Company of
directors
dividend of 25 cents per share on the no par value
both payable Dec. 22 to holders of record Nov. 29.
special of 50 cents and a regular of 25 cents were paid on Sept. 30,
a
common
last,
automobile
plants
last,
193.
p.
income
Earns,
radios.
and
158,
Co.—Earnings—
Income for
profits
income
Dividends
rela¬
97,543
—
There
dend
Pre-war products
persons.
income
Income
pro¬
posal to merge Detrola Corp.,
of
State
earnings
Gross
Profit
158, p.
bonds
stockholders
Other
after
affiliates.
charges
International Rys. of
of 50 cents per share has been declared on
payable Dec*. 15 to holders of record Nov. 30.
The
dividend
International
Net
"Prov.
the four quarterly payments of 50 cents each already
made during the current year, and the year-end dividend just
declared,
disbursements in 1943 will amount to $2.50 per share, the same as in
1942.—V. 158, p. 1938.
per share on the
Nov, 26.
This com¬
taxes
est
at
___
Total
Including
The
excess
Holders
quotation on
♦90,806
regular quarterly dividend of 50 cents per share has also been declared
the same issue, payable Jan. 15 to holders of record Dec. 20.
1942.—V.
$1.25
29,
295,377
General
578,400
Other mining ventures and
1,161,932
on
of
record
June
2,664,654
and
trustee,
Ex¬
no
$2,043,906
158, p. 1733.
stock,
22,
of
on
Payment
1943
Montreal Stock
on
marketable securities
—
Investments
-V.
common
holders
paid
depreciation—
Federal
All
International Harvester Co.—Year-End Dividend—
A
Dec.
dividend
a
to
have been
cur¬
92,679
January 1—
Gross from railway—- $24,382,567 $17,333,931 $11,515,308
Net from railway-—
9,223,404
5,830,785
2,461,550
Net ry. oper. income,
3,490,661
4,180,790
1,120,241
paid
share
per
and
Co.—Larger Payment Made—
29
value,
—
for
Federal
76,524
224,714
852,380
,635,572
$3,839,671
$1,486,525
rate of exchange in N. Y. City (90.125c)
Canadian dollar on Sept. 30, 1943, was $760,-
had been sold at
$1,043,330
1,038,938
27
Operation
Cash
quoted
ciation
279,970
cents
expenses &
Provision
of
Estimated Federal income tax which under
existing law
would have been payable in 1944 on unrealized
appre¬
RR.—Earnings1941
,942,650
Maintenance
$93,225
$2,141,449
1942
1,574,444
__
revenues
Operating
on
below.
From
the
Operating
Gross
621,141
income,—
♦Deficit.—V.
foreign
or
; 204. Trading in Bulolo
tively small amounts)
$2,350,371
railway
oper.
Oct.
Corp.—Consolidation—
International Great Northern
Net
16,
183,625
1943
directors:
per
for the
Detrola
International
October—■
May
domestic
on
change prior to Sept. 30, there being
latter date), converted into terms of
1733.
p.
$639,280
advances:
Gold
(the
stock,
July
399,531
————
Gold
board
'
rency
1941.—V.
1943;)
Dredging, Ltd.—
Other securities having over-the-counter
quotations—_
Based on fair values at Sept. 30, 1943, as determined
by
Interlake Iron Corp.—To Pay 25-Cent Dividend—
on
—_____—
quoted market values at Sept. 30,
prior thereto;
on
Securities
.
,
(at market value Sept. 30,
latest available quotation
Nov. 26 announced that Insurance Group
Jan. 30, next, a cash distribution of 3.75 cents per
shareholders
to
164,^03
—
supplies
Insurance Group Shares—Cash Distribution—
Ltd.,
75
June
on
Nov.
par
no
(Subsidiary
government
stock,
payable Dec. 20 to holders of record Dec. 3.
A like amount has been paid each
quarter since and including Marcf
25, 1941.—V. 158, p. 1938.
Hare's
8,940
20,000
1,605,207
Statement
U.
U. S. Government secur.
share
per
2,926
1,505
_
—
on
stock,
estimated
"
(corporation's
*
on
each
♦Net
follows:
as
$45,958
2,819
>
;
$3,454,214
with
pares
,
Sept. 30, ,1943, the net asset value of the 489,973 shares of com¬
stock of corporation
outstanding was $4,190,625 or approximately
mon
•
41,318
dividends
the
1943.
Income
unclaimed
Period End. Sept. 30—
At
$3,839,671
$64,013
warrants are outstanding which may be exercised at
time for the purchase of 302,393 shares of common stock at $52,416
1533.
assets
.
417,755
Total
from
$3,454,214
*
_
and
Investors Telephone
Mills,
were held at Austin,
Texas, on Nov. 30 for the presenta¬
Army-Navy "E" to the employees of the, corporation's
Magnesium Division.^-V. 158, p. 1938.
'
30,922
deducts,
purchased-
—;
payable
The company
by
International Minerals & Chemical Corp.—Award—
$1,297,308
Misc.
payable
securities
taxes
common
42,660
$67,454
.4—
•
3,254^44
share.—V. 158, p.
per
mortgage serial
Saskatoon property),
Ceremonies
tion
10,062
45,348
——2,804,553
Note—Option
any
sub¬
International Mining; Corp.—Net Asset Value—
Total
sold—
—
—■
Balance
$1,254,648
7,486
securities
total,
preferred stock of Robin Hood Fiour Nuns, Lid.,
$2,682; first preferred stock, $5,588,600; common stock, $2,240,000;
earned surplus (including $1,897,961 undistributed
earnings of Canadian
subsidiaries
accrued subsequent to date
of acquisition), $12,018,749;
total, $45,809,985.—V. 158, p. 1859.
1,054,298
for
1942
$575,465
16,592
—
Total
first
(on
of
Sept. SO
depreciation,
$111MQ0;
1,924,790
93,121
receivab.e
—
profits of Canadian subsidiaries, payable only on distribution thereof),
reserves
for insurance, $121,700;
reserves for commissions,
1943—10 Mos.—1942
311,313
__
current
current
Sheet,
__l
Humberstone
$13,981,240 $13,268,265
919,638
10,350,527
9,034,529
158,875
cost
Capital surplus
$1,449,859
63,868
income-
oper.
ry.
income
Garry
net
on
note
4%
mortgage
contingencies
960,661
100,299
Equip. & joint facil. rents
2xk%
first
(on
$77,098
152,269
Reserve for contingencies—.
Common stock (par $1)
$763,300;.
.
1943—Month—1942
Ry.
exchange
Fort
and
1733.
p.
Indiana Harbor Belt
Other
$621,921;
non-current
5,049,339
1,703,963
1,357,402
equipment,
mortgage serial bonds,
of
,
railway
oper.
first
Canadian
Ltd.
$536,482
183,904
143,038
at
payable for
Canadian
$300,000;
1940
431,744
income..-.
oper.
1941
$6,092
139,10.9
payable
deposit of first mortgage
1942
and
*$68,323
128,764
1943
advances and investments,
machinery
♦138,438
Iowa Public Service
for
bonds
*
Net
miscellaneous
buildings,
$1,416,000,
$95,431;
reserve
from
1,300
1C43
Earned surplus
cost, $828,181;
etc.,
1938.
October—
900
$587,721
receivable
Accounts
-
(including notes due bank by Canadian
funds, partially secured by parent
company's cash
deposit, per contra), $8,691,000;
accounts payable,
$3,597,666; taxes accrued (including American and Canadian income
taxes), $2,643,677;, accrued commissions, pay-rolls, interest, storage,
Illinois Terminal RR.—EarningsGross
346
tax_
—
Accrued
341,389
of
subsidiary,
19,172,999
profits
inc.
banks.
in
Dividend
$45,809,985.
13,325,039
20,860,923
excess
2,176
etc._
Assets—
121,972
stock--——
common
Liabilities—Notes
1,137,129
*
providing
158, p.
32,780,291
fix.
income
♦After
V.
4,315,732
In¬
Corp._
for period
dividends declared
270,226
1
on
grain in transit, etc., $683,732; inventories (less adjust¬
hedging operations to market), $19,540,496; accrued earnings,
etc., $94,410; due from Canadian associated company; 1
$56,004; prepaid'expenses, $274,128; due from employees, $8,475; memi1
berships, $27,645; investment in stock of Canadian associated company,
Dr41,792
2,868,509
of
loan,
Fed,
Accounts
$1,934,484 ♦$1,594,440
stock—654,811
Hood
$67,231;
...
3,959
Balance
storage, interest,
leased
other
♦82,460
♦Loss.
advances
fixed
for
rent
railroads &
*147,010
5,C50
Liabilities-
Assets—Cash, $1,307,934; cash deposited by International Milling Co.
S. funds) as collateral to notes payable, per contra, $1,160,000;
S. Government bonds (at cost), $55,000; funds with insurance com¬
pany, $50,704; drafts and accounts receivable, less reserve, $6,398,883;
at
Inc.
58,243
secur.
liquid,
bank
Total
1941
(U.
716,295
...
$72,608
written
Research
Investments
U.
31,823,535
Dr3,355
_
4,254,990
$89,452
Accounts
S.
M.
1942
pfd.
Consolidated
ment
Net
$78,681
D.
Hannum,
International.
facility
(net)
60,358
$75,189
Profit
Subs.)—Earnings—
2nd
on
1943—10 Mos.—1942
3,817,399
accruals
of
taxes
for
Cash
(After giving effect to exchange of first preferred stock of parent co.)
Railway
1940
$132,966
52,868
Interest and dividends
1938.
p.
first
on
♦Including
tRobin
'
1943—Month—1942
1941
$142,320
49,603
Feldmann,
Russell
1943
—--
on
Dividends
18,206,970
27,010,253
income.,
48,969,425
Milling
Years Ended Aug. 31—
tDividends
railway
oper.
1942
$18,338,511
1942
$128,284
__
on
Cash
listed
are
Charles
1943
from
sale
fr.
Prov.
Illinois Central RR.—Earnings—
Gross
fr.
vest.
$8,090,000
were
will
board
Hegarty
October—
share
Sept. 30
45,249
'
years'
Profit
value.
par
Ended
$120,438
back
Inter¬
of
30
487.
p..
capital
of International Detrola as
stipulated in the merger
be: C. Russell Feldmann, President and Chairman of
directors; Charles H. Foster, Vice-President; Warren J.
Har.num, Vice-President; John Hancock, Treasurer; Harry E. Hamilton,
Secretary and Assistant Treasurer; R. L.' Dillon, Assistant Secretary
This
of
490,000
shares
common
similarly
per
__
—
Balance
officers
First
capital
3.
of
152,000
outstanding
approximately $21,000,000.
sales of International for' 11 months ended
Sept. 30, 1943, were
the
;
initial
total
consist
contracts
agreement
dividend of 70 cents
the
value,
$16.48
$22,239,000.
pp.
Hygrade Food Products Corp.—Dividend No. 3—
will
additional
an
and
■
of
unfilled
Net
-.'•••
■*'••••.•
that
Detrola
sales
Net
and
$11,913
issue
so
asset
Detrola
Profit
will
exchange,
net
1942,
a
31,
—
income
expenses
exchange for 1.8 shares of Detrola, .with International holders
retaining their present holdings.
On
the basis of full acceptance,
1,463,394
1,384,894
Dec.
1943
Total
extensive
International
at
Account, 9 Months
important objects
continue
with
compares
share
per
Income
business.
stockholders
This
of $17.84
2253
Sept. 30, 1942.
Total
International,
move.
share.
per
computed,
at
merger,
in
the
adj. inc. bonds.
♦Exclusive
cents
of
strengthening <?f International's bid for a diversified post¬
activity' and
the
enlistment
of
International's
larger
capital
machine
adj.
on
Deficit
stock,
President
listed
war
$2,243,595
$22.66
.
which Detrola requires for electronics manufacture
$219,821
137,422
for int.
income bonds
A
to heavy duty lathes, automatic chucking
lathes,
machines, which also were peacetime products.
.
Feldmann,
International
charges
Avail,
1859,
has
Detrola
Gross
♦Income
Int.
addition
Russell
C.
$6,912,078
taxes—
in
and superfinishing
1943—10 Mos.—1942
$775,626
revenue..
oper.
I
31
both March 31
and June 30,
this year,
regular of 25 cents were disbursed.
the company, in addition to the four
a
special of 25
a
paid
and
each. quarter
June
30,
25
24, $1.—V. 158, p. 1134.
made
the
cents
each;
regular
dividends
of
following special payments:
Sept. 30, 50 cents; and
2254
THE COMMERCIAL & FINANCIAL CHRONICLE
Adjustment Board
Kewanee Public Service Co.—Bonds Called—
.
—V.
have
157,
been
called
for
redemption
2252.
p.
■
of Jan.
as
1,
1944,
■
a
12 Mos. Ended
Operating
expenses
Maintenance
Federal
misc.
Federal income
for
Prov.
Provision
310,004
Maine Central RR.—Earnings^
the Under
by
Dec.
12,
420,700
directors
the
and
835,470
declared
of
dividend
a
20
cents
\
Taxes
share
per
Joint
made
was
1942,
usual
have
and 25 cents
declared
quarterly
on
dividend
extra
an
dividend
'
Gross
income:
$2,410,429
stock,
mon
of
extra
'
''
..
both
of
50
cents
of
$1.50
share
per
The
the
oper. income.
income ...l—
$100,655
$319,521
56,301
53,777
$373,298
$2,768,269
ry.
Net -income
.
158,
$2,856,639
2,026,993
50
cents
directors
2,103,284
and
cents
$839,914
Nov.
on
24
declared
a
—V.
-
3 Mos. End.
Loss
Superior & Ishpeming RR.—Earnings—
Lake
158, pp.
158,
...
1940
380,223
80,920
3,148,443
1,789,929
827,655
3,159,654
1,968,091
976,656
3,199,791
277,326
Net
ry.
100,017
railwayrailway—-
2,748,465
income.
809,972
railway—
railway——;
oper. income.
Soward
Net
from
from
Net
oper.
ry.
—V.
158,
1,396,592
104,302
stock,
$10,
par
of
15
These
the
in
be
1,257,507
—V.
158,
before
of
made
were
first
on
(no
which
1943
production
issued
are
Gross
from
from
Net
ry,
—V.
404,429
385,351
343,204
371,416
345
5-0,607
18,602
f820,226
tl,312,020
for
period
correct
net
for
to $1,421,163.—V.
for
158,
prior
$229,225
63,544
57,840
46,061
38,374
2,600,342
993,552
256,181
railway
income
'
-
2.870,713
1,853,544
Net ,ry.
1943
Sept.V30,
ry.
210,103
1942
1940
v
700,517
2,872
26
*274,591
L
195,506
36,590,640
29,082,150
22,622,331
5,585,109
771,137
8,000,052..
3,828,154
2,332,910
'
railway—
951,954
193,395
168,756
Operating expenses
Depreciation——
78,962
188,095
-
10,768
income.
.,122,086
121,728
Taxes
'
—
—
Sts.,
848,499,.'
•
ry.
—V.
5,170,129
158,
4,457,930
2,033,056
1,872,499
1,215,947
1,225,517
and
'
1943—10 Mos.—1942
133.828
.460,981
.
1,429.375
income
Interest
October—•
Gross
from
New Director—'-
Counsel
Black
Tom
in
1,566,234
613,157
-V.
47,386
66,565
$144,907
—_
63,659,486
46,986,478
>;.'-•
1734.
p.
7
22,459.643
15,577,378
11,212,416
10,070,245
9,098,682
October—
5,821,792
'
•
..
Gross
Net
-,.7• •;
: ..•;
Special
Counsel
years.—V.
158,
for
the
road
from
Gross
Net
from
Net
1859.
p.
From Jan. 1—
,•
the
in
ry.
ry.
—V.
Operating
*Net
*
After
and
and
Chairman,
in
letter
a
been
profits as
"In
May,
1942
taken
shown
1943,
and
Board,
in
had
been completed
Secretary of War," and
to sales in 1942
it
.to
the
stockholders
in
into
the
however,
result of
a
176,445
269,521
account
income
in
the
account
renegotiation
12,519,256
8,682,606
6,817,171
6,632,152
1,815,242
5,095,643
3,552,512
1,963,587
of
this further
mentioned
for
year
as
the
reserves,
sary
result
403
for
war
the
in
renegotiation.
1942,
war
issue
.
as
-V.
Nashville
&
figure
shown
<.■''•
profits taxes and
excess
amount
of
as
of
in
the
income
$2,814,756
was
was
-the
1942
Federal
income
offset
for
to
as
and
excess
the
the
year
extent
profits
tax
1942.
n
The
338,477
800.000
$2,033,178
$1,472,799
1,178,435
1,178,435
$854,743
for
589,213 "
for
•
235,687
$0.17
$5.89
tax
profits
(after
deduction
^Provision
$2,655,000.
approval).
*$19.9,647
235,687
-
$6.25
employee retirement and
proposed
to stockholders
241,098
$798,433
235,687
excess
$41,451
7
$1,387,650
$294,364
•
235,687
^8.63
;
for
benefit
prior
plan
(to
7;7
Sheet, Sept. 30, 1943
marketable/securities—^at cost
(market
accounts.;/and notes receivable (less
$2,637,882;
$8,190,374;
inventories—at
advances
to
notes and
refund
of
cost,
$7,057,831;
Government
under
profits
excess
depreciation reserve of $9,274,253),
Liabilities-rAccount
payable,
contract
tax,
$295,000;
fixed
assets
(less
$4,729,788; total, $32,808,260.
$384,745;
reserve
for
Federal
normal
income, tax,
surtax and excess profits tax (less U. S. Treasury tax
$1,272,932), $3,327,068; reserve for prior service cost under
of
notes
employee
proposed
stockholders),
retirement
$658,657;
August and September,
dated
ment
accrued
December,
other
and
wages
and
benefit
plan
(to
be
submitted
to
for payroll increases
approved
in
by War Labor Board under Labor Agree¬
1942, $561,000; other accrued taxes, $311,812;
reserve
1943,
contract
ment
expenses,
$440,875;
advances
under
Govern*
(contrat,
$1,913,880;
due
to
unconsolidated foreign
companies, $80,982; reserve for, contingencies, $1,074,532;
reserve for possible losses resulting from wartime conditions,
$700,000;
•capital stock 7256,000' shares, no pari, $12,600,000; earned surplus,
RR.—Earnings1942
:
1941
1940
.
$11,340,497; cost of 20,313 shares of treasury stock; Dr$785,787; total,
$32,808,260.—V. 158, p. 1939.,
.
77.. ...
,
7 7
$8,751,097
2,547,073
1,672,137
Mexican
•
98,399,353
76», 148,890
,21,928,092
55, 472,276
34,824,356
21,994,990
20,838,655
Light & Power Co., Ltd. (&
80,753,538
p.
2048.
7,
.•
on
share
.
19, 629,229
1943—Month—1942
$1,024,903
$958,705
776,625
665,042
Period End. Sept. 30—
13,875,847
Gross' earn,
7
.
Subs.)—Earis
(Expressed in Canadian Currency)
from
exps.' and
Oper.
Net
oper..
deprec.
$248,278
earnings...-
;
—
/
■/.
.
•
1943—9 Mos.—1942
$9,119,123
6,473,068
$2,646,055
$293,663
$8,477,408
$2,787,500
5,689,908
on
29
Nov.
declared
a
year-end
cash
dividend
of
-V.
25
the common stock,-payable Dec. 20 to holders of
Distributions of 20 cents each were made on this
10.
158,
1860.
p.
Mickelberry's Food Products Co.—Extra Dividend—
July 1, Sept. 15 and Nov. 1, last, as compared with 15 cents
April 1, 1943, and on April 1,-July 1,. Oct. 1 and Dec.- 15, 1942.
158/ p. 1939.
on
directors
The
on
158,
p.
Nov.
on
declared
15
an
extra
dividend
of
.
five
,
cents
regular semi-annual dividend of 10 cents per share
par $1, both payable Dec, 11 to holders of record
semi-annual payment of 10 cents per share was
made on June 12, last.
An extra of five cents -was also paid on
Dec. 12, 1942;—V. 156, p. 1867.
per
share
Period End, Sept. 30—
road
from
&
Other
lease
Inc.—Listing of $4 Pfd. Stock—
and
of
150,000
issued
'
a
3'! MOs.—1942
$780,258
$790,324
$1,819,832
$1,832,796
10,508
9,133
30,475
28,277
$790,767
$799,457
.437,307
$1,850,307
1,096,600
$1,861,073
510,200
1942
1941
$155,095
$158,156
$120,29)
45,157
81,894
89,023
54,491
26,076
76,256
58,485
1,231,763
railway.—...
1,506,338
599,436
.Net ry. oper. income—
305,766
290,000
1,217,298
581,482
373,469
2,574
2,721
8,226
$359,428
$745,481
$'780,344
8,266
8,266
24,802
24,801
from
ry.
Otlfer
*
railway——
railway—-
oper.
income—
1940"
33,52(
7,572
$277,993
Net
From January 1—
Gross
Net
....
RR— Earnirygs1943
Gross from
1943—9 Mos.—1942
Valley
$141,421
October—-
-Earnings-
Net
*Taxes
regular
and
of
equipment™
income.
A
Midland
1943-
income
Total
30.
Nov.
1860.
deductions...
1,073,157
—V.
from
from
158,
p.
railway—-
1735.
501,599
1,109,098
471,425
266,991
'
total
of
$1,324,379
liability and
Net
Divs.
income
J
....
"The Agreement between the company and the War
Department Price
J^Iidvale Co.—50-Cent Distribution—
'
on
pfd.
stock
^
tax credit of
$41,451
400,000
658,657
doubtful accounts,
for
post-war
2,904,310
136, 892,998
Dec.
.Income
finally determined, was
deducted in arriving at the sales
account
1—•',
Mahoning Coal RR. Co.
_
profits,
$1,862,060
74,409'
1,135,906
foreign exchange of $106,640),
cash and inventory re¬
(contra), $1,913,880;
other assets, $1,564,997; deferred charges to future operations, $394,316;
4,014,255
railway.™ 173,339,755
outstanding.—V,
neces-
follows:
excessive
$5,108,704
$295,000/ of
of
$8,116,517),
$6,024,192;
acquisition adjust¬
' -7'/ '7' ':
'.
>••'>;'
under
cost
reserve
$17,939,737 $15,714,082
plant
66,762
49,748
1,700,000
Balance
1942
The New York Stock Exchange has authorized the
listing
shares of $4 cumulative preferred stock (no
par), which are
.
by
by
$714,064 referred to in the second paragraph, leaving
$776,313 as the entire amount by which the net profit for the year
JL8942 was adversely affected by renegotiation proceedings.
reduced
of
281,047
315,398
tm the common stock,
the
$2,814,756, of which $1,823,000
.reduction
and
1943
McKesson & Robbins,
Sixth
total
each
"
reduction
contracts is summarized
"The
1943
.'•;•
'$306,358
281,616
88,622
provision
'credit
post-war
Value
taxes/ depreciation, etc.
charges, amortization of debt dis¬
of flood and rehabilitation expense,
2048.j
p.
tlncludes
"7/ Assets^—Cash,
maintenance,
interest
all
railway—oper. income...
per
record
1942,
of
* Lossy
service
(& Subs.)—Earns.
4,099,480
~2,749,124
expenses,
158,
directors
cents
respect
previously reported, has been reduced
for Federal income and
result
ry.
The
year.
contracts
7
be submitted
1,349,100
■
1940
$1,215,297;
losses
Shs. cap. stk. (no parU
of
McGraw-Hill Publishing Co., Inc.—Year-End Dividend
renegotiation proceedings under Section
Supplemental National Defense Appropriation Act.
amended, now completed in respect to 1942 sales relating tc
the
of
(Ky.)
.
_
from
—V.. 158,
such renego¬
determination of sales
of
from $1,643,451 to $1,365,760.
overall
"The
from
Net
of
$277,692 in • the net profit" as
will be deducted in the income account
for the year ending Dec. 31, 1943.
The additional "excessive profits"
of $991,756, if determined prior to the close of the
company's accounts
for the year 1942, would have .had the effect
of.reducing the 1942
sales from $63,743,395, as reported, to $62,751,639, and the net
profit,
'
:
2,414,359
1,894,378
railway.—,
oper. income.—
Net
.
1942,
possible
207,542,
16,356,936
"subject to the approval
the
that
were
above
after provision
ry.
Gross
reopened by the War Department Price Adjustment
has now been determined that additional "excessive
which the net profit for
"The
;v
355,351
.
railway-^— $17,720,720 $16, 131,182 $11,717,281
7,597,274
7, 203,205
4,175,611
2,250,840
3, 253,863
2,866,335
from
Net
on
realized with respect thereto.
The credit for
Federal income and excess profits taxes applicable to such additional
"excessive profits"; is $714,064,
leaving $277,692 as the amount by
reported
from
Net
was
profits" of $991,756
as
777 7V:
'7 1940
$808,917
amortization
capital expenditures,
From January
sales
had
-Earnings—7' 7-7., '•
30-4
for
.
234,169
;
t4,305,000
taxes
Surplus'——.—.—
•,
1941
expense,
Louisville
Gross
stated:
tiation
>:
419,338
:•
operating
yi.'n.r.%'• !>," ;"
247,701
$7,423,933
—7
Fed., inc.
for
lated
deductions
com¬
subsidiary
company's 1942 annual report, issued on Feb. 27, 1943, showed
profit for the year of $1,648,451, after all deductions, including
provision for Federal income and excess profits taxes and necessary
reserves,
The report stated that renegotiation of war contracts ir
to
7';'" V
$1,060,592
income__„—
ments; etc.—V.
Locomotive Works, Inc.—Renegotiation—
Under
v7: 77;
1942
'—
contractual
of
"
"The
the
■;
revenues
operating
tAfter
net
of
'/
608,140
October—V
respect
$862,910
1859.
tNet, income
the Government recovered $575,000 under
renegotiation'of contracts for the year ended Dec. 31, 1942, of which
$517,500 was credited to Federal excess profits tax.—V. 158, p, 2047.
Allen,
profit——'—
profit—————
Dividends
paid————
reports that
company
30
$2,063,203
$1,600,990
income—
12 Mos. Ended Sept.
ahd
1942,
has
7, 17,186
5.632
from wartime condit-
and' $336,000 for i942.
1943
:
railway—-
oper.
158, p.
count
Liggett & Myers Tobacco Co.—Renegotiation— '
NoV.
,'
•
Louisville Gas & Electric Co.
has called for redemption as of Dec. 31,-1943, a total
$538,000 of first mortgage 15-year sinking fund 4%
bonds/ due
Jan. 1, 1955, at 104 and interest and an additional $99,000 of said
.bonds at 101 Ms and interest.
Payment will be made at the Harris
Trust & Savings Bank, corporate trustee, 115 West Monroe
St., Chi¬
cago, 111., or at The Chase National Bank of the City of New York,
11 Broad St.,. New York, N. Y.~V. 157, p. 2450.
G.
for
.-
railway__7_
21,
company
674,192
.
$1,650,485
563,268
152,838
railway—;
railway
oper. income—
from
Libby, McNeill & Libby—To Redeem Bonds—
Samuel
535,728 r:
296,015
'
for prior service
—-™—7
cost
$1,537,102
1943
from
Net
The company
Lima
$2,598,931
$255,889
$1,832,500
39,082.130
11,350,801
several
158,
of
tax
Louisiana & Arkansas Ry.-
25,857,378
and
income
Dec.
on
the
$4,609,649
6,538
,
Earnings per share
of
The
976
$322,454
receivable
income—
for
tProv.
$1,536,126
1,415
$7,115,748
Other deductions.—
912,655
1927,
for
cases
$2,597,516
317
.$192,293
income
*Includes
Edgar H. Boles, President of the General Reinsurance Corp., New
York, has been elected a director..
He was connected with the railroad
in
its
legal department for 20 years and was Vice-President and
General
$322,137
debt-
$4,360,026
1,285,909
1,451,988
76.403,646
railwayNet from railwayNet ry. oper. income—-
•
$5,230,771
3,191.836.
1,150,281
oper.
1940
From Jan, 1—
■
>
$7,678,236
2,574,331
railway.
railway-—™
income_„
from
ry.
1942
$7,963,441
from
Gross
Net
Net
Net
1941 1
1943
last,
/ "•
that
depos.
receivable—
other
Total
*1,230,802
323
_
—!
funded
on
•
revealed
Md,, in a special trust account.
Net
Lehigh Valley RR.- -Earnings-
11,
1941,
22,
Presioent,
profit-
invest,
Misc.
Prov.
Gross
of $i.50 per share on thC
to holders of record Dec. 2. ■■ A
dividend
a
1944 than at any
Dividends
1,316,803
*2,765,351
.
72,510
»
$191,970
Operating income
..."
.
Dec.
Martin,
Interestonnot.es,
$1,487,829 $16,471,379 $12,993,308
959,353
9,679,137
8,909,577
142,987
:
.
Non-operating income
declared
Mergenthaler Linotype Co. —Earnings—
1942
'
1943
1941
992,600
1859.
p.
•!'•
3;695,629
1,371,633
1,164,443
oper,
.5,181,476
1.926,796
railwayrailway..
income.
from
Net
have
Baltimore,
Res.
from
Net
v
Years Ended Sept. 30—
From Jan. 1—
Gross
24,
"
funds for this purpose have been..set aside with the Mer¬
cantile Trust Co. of Baltimore, corporate trustee, Baltimore and Calvert
Corp.—Earnings—
$1,747,892
$412,317
Dec.
on
'
'
.
Sufficient
;'*}'■■■■
...
1943—Month—1942
_L—
revenue
/. r
..
.
21,237,550
6,248,580
11,054,040
Period End. Oct. 31—;
Operating
1940
$559,008
$508,422
in
Operating
1941
stock
common
,/
All outstanding collateral trust income
bonds,' due Dec. i, 1954, were
recently called for redemption on Dec. 1, 1943.
The bonds are being
redeemed at the full principal amount plus Dec, 1 interest at the rate
of 2% plus accumulated interest deficiencies in the amount of 19%.
$2,329,092
289,183
1859..
p.
181,408
$514,047
railway—
oper.
1941
$2,197,484
589,149
income— V
oper,
1860.
Maryland Income Bond Co., Baltimore, Md.—Redemp¬
-,\V
,
1943
from
V
1942
$3,082,103
855,691
income...
'Deficit.—V. .158,
to.
not permitted to disclose the number of aircraft nor the
will manufacture, but I can say that the company will deliver
other time in its history."—V. 158, p. i860.
we
amounted
$3,595,858
railway—
railway——
from
Net
480,238
'
370,719
Net
15
quarterly distribution ^ at
Oct. 31, 1943.
A year-
tion of Bonds— ;•'.v*■
1943
railway.
railway.—,
oper.
the
on
cents
20
Dec.
are
type
$113,213
RR,—Earnings—''[■
from
Gross
Lehigh & New England RR.—Earnings—
ry.
ended
From January 1—
1,405,612
749,403
324,127
1,343,278
from
from
Net
$170,595
93,554
October-
from
•
1279.
p.
on
of
payable
.
months
Los Angeles Railway
Net
$562,294
and
L.
■
periods,
tlncludes profits taxes and
(1942, 70%). v
;
:
in 1943
nine
the
October—
Gross
1940
20,859
railway.——
oper.
Net
•
$1,064,678
more
$533,282
-
accruals
gain
disbursed
was
made
was
dividend
stock,
regular
the Army and
"In accordance
with
the
new' 1944
program,
the director
approved the management accepting increased responsibilities as its
part of the unparalleled' requirements of the armed forces for th£
years to come," Mr. Martin said.
/r.
.•
/V
490,995
Dr120,985
—
256.
p.
Navy.
"
—
157,
pletely met its 1943 schedule of aircraft construction for
State
outstanding,
$266,167
117,119
income
158, p. 1859, •'
Gross
Glenn
268,694
14,829
2
June
on
$602,34C
$2,444,032
284,021
taxes
share
per
year-end
common
last
The
stock, par $1, payable Dec. 13
distribution was made on June
"We
S *To
The
1941
3.
amount
declared.a
value
par
cents
directors
The
1940
201,830
..
Profit
•
'
1942
like
similar
figured on basis of 60.6%
and
20
23
no
Dec.
record
of
'
January 1—
Net
of
.
1941
$2,622,293
purchasing,—V.
(Glenn L.) Martin Co.—$1.50 Common Dividend—
336,323
and
and
common
$1,988,682
Fed.
income
%/'/
$248,007
68,603
railway
railway-—-.
oper.
ry.
rate
end
431
Co..
1942
■
$4,618
2192.
from
From
1943
———
♦Tax adjustment
has authorized the listing of 1,929,127
par)
October—
Net
575
$4,973
,
for
——u.
Accrued
15, 1943.
In 1942, distributions
April 25, July 25, Oct. 26 and Dec. 14.
payments since 1930.—V. 157, p.. 2252.
stock
common
p.
from
>/■■■
701
$2,057
\
Co.—Extra Distribution—
Nov.
on
the
on
of
the
$4,187
$4,398
March
Lehigh & Hudson River Ry.—Earnings—
Net
$1,355
$2,388
Sept. 30deduct,
Long Island
Gross
$1,546
/"
Interest
the common
Dec. 15 to holders of record De6. 6.
Distri¬
each were made on June 15^ and Sept, .15, last,
10 cents on
The New York Stock Exchange
of
holders
Depreciation
Pay 20-Cent Dividend—
share has been declared On
per
1,583,321
$1,248,153'
Wadsworch have been elected Vice-Presidents,
charge of merchandising and finance, with Mr.
in
charge
directors
share
per
1940
deple., depvec. & int.,
.
Lehigh Coal & Navigation Co.—Listing—
shares
1941
Earnings,of the Long-Bell Lumber
3 Mos. End.
Gain
2,130,551
payable
each
were
cents
cents
compared with
of 10 cents
The
:
1942
■
of 20
dividend
butions
as
period—
V
etc.
Lamson & Sessions Co.—To
1,540,051
$1,228,218
1 vV
1939, 674.
Earnings-
1943
842
for
Depletion
A
154,809
■ ■«
last year.—V. 158, p.
Loss
1859.
p.
537,763
'
$2,831,479
and K, J.
will
Wadsworth
for
——————
January 1—
From
Gross
.
$2,293,716
,
$218,489
v
$2,984
,
1734.
p.
C. E. Soward
Mr.
$505,220
132,514
from
Sept. 30—
deduct,
Interest
1941
180,620
72,841
1942
$428,200
from
October—
Gross
before
interest
$349,316
1943
$272,365
Net
$2,165,747
Maple Leaf Milling Co., Ltd.—New Vice-Pres.—
•
quarterly dividend of 75 centg
a
quarterly of 75 cents.—V.
Long-Bell Lumber Corp.
$753,354
•
:.v
..
153,972.
..
—
Net income
'An
>ec.
——-
2047.
P.
214,875
'
$156,956
——L_
income
Marshall Field &
—V.
1,905,891'
47,682
602,522
'
"
com¬
ger share On the common stock, payable Dec. 23 to holders of record
10.
on Dec. 23, 1942, the company disbursed an extra of 25
.■
income——
9,989,757
•
5,946
213,769
18,671
Deductions
share
per
on
payable Dec. 31 to holders of record Dec. 17.
was paid on June 30, last.—V. 158,
p. >1071.
.420,864
$2,866,908
gross
7,483
24,382
Gross
;
$2,435,774
456,478
—
from
Deductions
/
-
.
270,561'
20,771"
facility rents, Dr..
Net
Lone Star Cement Corp.—No Extra Dividend—
J
•
10,985,317
2,255,729
July
on
23, last, compared with 75
June 9, 1942.—V. 158, p. 88.
961,260
146,451'
i)r__
rents,
1943—10 Mos.—1942
$.1,577,496 $15,626,508 $14,451,921
1,354,796'
——i——_
Equip,
on
1943—Month—1942
$1,647,055
revenues
expenses—--'
19,400
taxi.—-—
Operating income —————
Non-operating income
Period Ended Oct. 31—
.
Loew's, Inc.—$1.50 Extra Distribution—
382,106
18,700
—
license tax——-
tax.—
income
State
for
814,327
412,517
535,150
taxes
have
distribution
on
The
531,806
539,802
retirements.————
local &
City of St. Louis gross recpts.
contracts
war
1560.
Other
2,758,248
307,450
.—™
for
Provision
State,
of
approved
p.
$7,690,956
3,215,581
———-
157,
capital stock, par $1, .payable Dec, 20 to holders of record Nov. 26.
cents
1942
1943
$8,256,513
——
..
directors
similar
A
Sept. 30—
revenue
renegotiation
the
explained,,was
1943."—V.
Liquidometcr Corp.—20-Cent Distribution—
The
Laclede Gas Light Co.—Earnings—
>
above
as
Operating
Operating
the
Operating
effect to
giving
1942,
year
Secretary of War on Nov. 6,
'•■,
,
the
to
as
total
of $41,000 of first mortgage 6# gold bonds, series A, due July 1, 1949,at
102
and interest.
Payment will be made at the Harris Trust &
Savings Bank, successor trustee, 115 West Monroe St., Chicago, 111.
There
Monday, December 6, 1943
...
Net
on
income
after
preferred
♦Federal
div
stock.
income
and
$269,726
excess
profits
$351,162
taxes,
-V.
i
.
$720,680
158, p,
The directors have
declared
a
dividend of 50 cents per share
capital stock, payable Dec. 18 to holders of record Dec. 4.
..were disbursed on April. 1, July 1 and Oct.
1, this year.
986,
$755,543
during 1942 were as follows: April
Dec, 19, 50 cents each.—V.
on
the
Like amounts
Distributions
1, 60 cents; and July 1, Oct. 7 and
158, p. 1350.
Volume
incorporated in pursuance of the Plan
of Reorganization which was attached to the Sensibar Transportation
Co. deposit agreement Jhat was entered into as of June 15, 1934, for
the purpose of acquiring the Steamer Sandcraft, Motorship Sandmaster
and Steamer J. R. Sensibar, which plan was approved by the U. S.
District Court at Wilmington, Del,, in proceedings held under Section
77B of the Bankruptcy Act.
Vessel
Corp.
was
Said
plan
contemplated the sale of those vessels, and further
provided that "Out of the cash proceeds of sale shall, be paid any
prior lien or mortgage upon the vessels sold and released, and upon
any of the other vessels if the board of directors of the corporation
shall
determine,
so
shall
remainder
of the
or
created
in
of item .7 hereof; and the
the holders of the bonds
pursuance
distributed
be
to
rata
pro
participation certificates."
in
and discharged
have
been
fees
will
further
moment,
desirable to com¬
of its assets in can¬
stock at the earliest
company."
tne
to certificate holders of record as of the
-close of business on Jan. 20, 3.943, at the rate of $125 for each unit
of
beneficial interest, represented by a certificate
of participation
for one share of stock and a bond having the par value of $125, is
made
hereby
recognized
bonds,
and declared
an aggregate par value of $412,500 and were
mortgage trust deed from Midwest Vessel Corp. to The
Trust Co. dated Aug. 15, 1935, and to have been in full
by a
Cleveland
417,045
494,136
payment and complete discharge of any and all claims and liabilities
arising under said bonds and mortgage trust deed.
By reason of
payment, the certificates of participation in stock and bonds of
Vessel Corp. which have been issued by The Cleveland Trust
now represent only an interest in the capital stock of
Midwest Vessel Corp., and all payments or other distributions hence¬
forth made to the certificate holders shall be applicable only to the
Expenses
from
railway
12,288,936
11,068,658
4,042,207
'3,357,255
Net
ry.
—V;
3,136,556
2,413,275
8,104,807
9,012,130
2,224,639
1,304,774
income-—
1860. ;.
oper.
158,
p.
2,036,380
1,135,099
from
1941
$106,770
$85,708
75,780
36,521
31,135
20,051
24,051
19,443
1,460,566
1,337,260
993,153
655,358
553,163
525,259
278,476
27,535
263,007
railway—
railway——--'
income
oper.
Assets—Cash
307,814
145,148
*67,569
railway
from
Net
railway—j-
from
Gross
income—
oper.
ry.
"Deficit.—V.
158,
Mississippi Power Co.—EarningsGross
$462,796
$5,343,390
$4,462,847
202,939
36,000
2,639,274
447,000
2,128,599
37,500
557,309
109,725
[568,239
•J 346,879
[349,390
123,655
expenses-—
for deprec,—;
Provision
General
$411,975
331,462
revenue
Operating
taxes
_
28,428
Federal income taxes—_
Fed."
profits taxes-
cxc.
income
Net
Divs.
Balance
—V.
$63,310
$992,607
$913,249
23,720
287,748
280,087
$43,288
$39,589
$704,859
$633,162
20,693
20,693
248,316
248,316
$22,595
_
$18,896
$456,543
$384,846
preferred stock
on
158,
318,034
22,116
other deducts—
and
422,000
$65,405
income
Gross
Int.
1943—12 Mos.—1942
1943—Month—1942
Period Ended Oct. 31
————
1943
October—
Gross
from
from
ry.
for the years
Net
the
In
and
meantime,
as
soon
possible
as
Liabilities—Reserve
•Note—The
from
from
Net
from
Net
to
in
ry,
which
each
may
shall
distribution
which
own,
stock
the
of
in
the
circumstances
the
shall
distribution
same
such
are
in
the opinion of the directors
to warrant a further distribution. Pinal
as
event
any
above.
2
if
manner,
be
.
in
made
provided
as
in
paragraph'
Dec.
stockholders
the
31,
adopt
this
the
,.
The Cleveland Trust Co.—
',(>1.,
—[1—
$310,611
Capital stock and surplus—
Capital stock (3,300 no par shares)—
income
■
-
/>
.
$310,611
Note—Books of the corporation are maintained, principally, on a cash
basis and this balance sheet does not reflect an amount of $92,247
plus interest assessed by the Bureau of Internal Revenue for prior years
taxes, such assessment being contested bv the corooration, or approxi^
mately $3,000 for accrued professional services.—V. 157, p. 476.
have
been
called
for
redemption
as
of
1,
Jan.
102
1944,
a
Bank
&
Net
of
•"Total
Taxes
expenses
(other
income)
Hire
of
than
ry.
equipmentrents-
Net
Other
ry.
income-
oper.
income—net
——
/
Income
fixed
157,158
1,442,930
$1,064,454
015,591
Drl4,720
Drl2,278
0166,927
y
$1,067,768
10,461
$4,685,881
74,237
$6,183,003
3,219,029
2,184,723
1,512,840
1,331,179
63,913,754
18,186,222
$3,262,582
90,208
$1,078,229
$4,760,118
4,643
.39,332
Net
$868,731
$1,073,586
$4,720,786
Net
from
ry.
—V.
oper.
158,
p.
85,218,595
33,746,290
income—
1860.
:/V/
Gross
442,706
356,591
840,155
268,249
204,546
24,140,521
16, 071,714
...
34,864,315
12,940,031
8,089,769
4 ,630,529
12,645,739
2.546,563
income—
4,065,096
4,474,592
2,,773,806
1.481,734
oper.
158,
1735.
p.
National Aviation Corp.—Distribution
The
directors
the
Nov.
on
declared
26
dividend
a
of 50 Cents—
of
cents
50
share
per
payable Dec. 22 to holders of record Dec. 8.
This compares with 25 cents paid on July 21, last, 50 cents on Dec. 15,
1942, and 12 Vz. cents; on July 13, 1942.—V. 158, p. 1535.
on
capital
stock,
Cash
Register Co. (& Subs.)—Earnings—
1943—9 Mos.—1942
$
'•!
sales
"Net
profit ———
■[Earnings per com. sh._
"After
$1,036,735;
1,392,927
months
1942,
of
.
$
S
69,054,500
2,984,942
$1.83
(for first nine months of
1940
$8,684,676
71,437,699
91,881,844
29,451,824
19,573,998
15,624,165
7,178,495
$14,692,000;
quarter
from
ry.
June
30,
respectively,
It
has
been
The
the
1942
'
earnings
renegotiation of
from
Net
from
Net
ry.
—V.
$571,919
$645,800
$310,057
327,074
405,311
162,566
115,390
248,454
41,942
5,871,092
4,198,701
current
quarter)
3,069,868
3,454,367
2,512,549
Jan.
to
1,009,619
1,306,664
4,886,783
3,061,596
1,668,487
each, and
in
the
quarter to
third
.
year-end payment on Dec. 21, 1942, of 25 cents.
further declared the usual quarterly dividend
a
(for the
the common stock, payable
p. 580.
directors
The
income
oper.
158,
effect
year-end dividend of 25 cents per share has been declared on the
5,543,543
railway
J
giving
after
stock, payable Dec. 20 to holders of record Dec. 6.
Regular
quarterly distributions of like amount were made on Jan. 15, April 15,
July 15 and Oct. 15, last.
In 1942, the company also paid four quarterly dividends of 25 cents
54,002
railway-
before renegotiation of war con¬
adequate provision therefore
common
1940
From January 1—
Gross
are
company,
V
Dividend—
$503,666
,
are
of
,
contracts adjustments.
war
1941
'
income
1942.
earnings
opinion
made.
261,897
railway——
1943
the
in
but
Sept. 30,
on
stated
Is
1943,
1942
railway.;
oper.
com¬
when income taxes amounted to $3,949,558.
Current assets as of Sept. 30,
1943, were $55,738,297 and current
liabilities were $26,074,889 comparing with $47,906,542 and $20,788,965,
A
//':'v
■'
1943,
and excess profits taxes (for first nine
1942, $2,311,499),
ended Sept. 30, 1943, net profit was $875,069 after
$2,048,108)
1943,
the
2,517,831
$1.54
53,651,796 111,043,215
2,276,030
3,278,454
$1,40
$2.01
Federal income
depreciation,
5,180,316
1943—12 Mos.—1942
*
$
■
81,134,803
———
1943
■
from
Net
15
share
of 25 cents per
holders of record
on
30.—V, 158,
Dec.
1,233,784
1860.
p.
Net
profit —.—— $.10,627,762 $18,426,612 $21,907,955 $44,684,944
Fed.
for
Prov.
prof,
post-war
-i
invent,
of
$6,110,537 $16,105,528 $16,321,958
4,233,660
11,754,527
11,446,289,
$5,520,236
—
4,036,069
depl. & deprec.
256,291
200,330
720,529
720,553
728,211
2,156,287
541,928
2,251,778
$507,323
$948,336
778,612
58,874
$1,474,185
237,895
$2,081,963
143,212
$585,935
goods sold
Prov. for
income & excess
taxes—less
Cost
discts.,
allowances
&
Sell., admin. & gen. exp.
State
&
less
sales
returns
1943—9 Mos.—1942
1943—3 Mos.—1942
period End. Sept. 30—
Gross
1943—9 Mos.—1942
1943—3 Mos.—1942
Period End. Oct. 31—
4,210,000
8,460,000 *24,180,00<
"9,970,000
———
——
1,500,000
Operating
Other
possible future
price decline
1,000,000
profit
income
7,300,00C
for
doubtful
payment
Net
profit
per
com.
share-
"Last
$1,712,080
$2,225,175
50,724
148,798
163,681
15,769
71,431
45,685
187,521
3,145
8,831
31,771
income—
Total
Int. & exp. on fund, debt
re^.
——
$1,007,210
48,053
doubtful accts.
Miscellaneous deducts.—
res.
[c—Crl,000,000 Cr2,600,00C
provided in prior yrs.
$6,956,612 $13,447,955 $15,804,944
$1.27
$2.38
$2.83
$6,417,762
$1.16
year's taxes adjusted to final tax base.—V. 158, pp. 1940, 1860.
Prov.
for
Fed,,
normal
etc.
profits
surtax,
Fed.
exc.
Munson Line, Inc.—Pays
directors
preferred
of
25
recently
declared
profit
Earnings per
Accrued "B" Dividends—
a
taxes-}
275,600
stock, clearing all arrears on that issue, and a dividend
share on the preferred C stock on account of accumu¬
B
cents per
both
payable
Dec.
to
1
holders
of
record Nov.
29.—V.
155,
2369.
Renegotiation
War
the
said,
it
refund
was
is
$686,026
Renegotiation
$692,677
$0.38
$0.35.
$0.18
$0.13
shr.*
1942
with
$311,224
728,800
799,800 [
355,000j
[
$243,368
com.
426,900
210,000)
_)
ort the
dividend of $11 per share
25,598
taxes and
Net
Active
Mutual Investment Fund, Inc.—Earnings—
$45,383
39,010
$45,465
$453,916
——
income—
railway—
railway
income—
158, pp.
Completed
of the company's 1942 business has been completed
Department,' Melvin H. Baker, President, reports. ' He
there was no excessive profits realized and no
agreed
due
the
Government
Expenses—
-
432,829
900
-
income
Dividend distribution
of
1942
1941
$3,113,264
1,208,738
1,038,211
1,465,017
780,001
684,350
39,713,486
12,358,504
35,648,371
10,488,086
30,344,025
8,944,809
26,345,575
7,077,501
8,173,946
6,588,444
5,341,135
4,102,593
Assets—Securities
1940
$3,747,759
$998,166),
at
cost,
dividends
accrued
$24,952
$39,504
23,569
34,405
42,619
—
profit or
loss
on
last
year's business.
owned
and
by
held
cash
in
$3,774;
of
(market
value,
$9,326;
custodian,
charges,
$67;
total,
$1,081,747.
-Liabilities—Accrued
expenses,
$1,401;
distribution
payable
Oct.
15,
$735; capital stock ($1 par),
$94,622; paid-in surplus, $1,234,472; security profit and loss account,
Dr$260,957; undistributed income, $2,011;
total,- $1,081,747.—V. 158,
.1943, $9,462; accrued Federal income tax,
P-
292.
soon
the
War Bans
after
the
Are
war
..
Lifted
the
report
.
as
wartime
restrictions
are
lifted.
that building
being planned may run into several billions of dollars and that
total national backlog of deferred building may-,be as much as
billion
thirty
dollars.
National
'Known
Association
of
Real
Estate
Boards
recently reported
ready-to-start home building projects outbulk the ready-
the Nation's major cities/
"This Authority states:
'Since there is now a dwelling shortage in
some 88%
of the United States cities, a shortage nationally of about
one
million housing units, private residential construction should cer¬
public construction in many of
tainly rise to first place as post-war building actually gets underway.*
"It also pointed out that, 'longed delayed public works are now being
planned for immediate post-war construction—some of
five
years
'The
tion
■
As
markets
points to an active post-war market for company's
products to meet the needs for building expected to get underway as
to-start
custodian
hands
deferred
company's
"Everything1
that:
Sheet—Sept. 30, 1943
$1,068,580;
the
Expected
■
"The
from sale of securities.
receivable,
on
Markets
"Authoritative sources have determined through surveys
$18,862
——
Balance
1,868,343
stated:
now
"Net
$4,584,109
$52,003
12,499
$35,062
10,110
$29,863
10,101
-
—
■_.—__——
Post-War
Commenting
Feb. 11 to
$454,766
$4,744,686
1,784,764
1,339,585
1350, 1735.
9 Mos. End.
Sept. 30,'43 Sept. 30,'42 Sept. 30,'41
Taxes
1943
"Deficit.—V.
1,421,572
421,024
railway—.
railway—
from
ry.
—V.
302,705
1941-
61,638,819
41,298,902
Monongahela Ry.- -Earnings—
October—
"Exclusive
railway—
oper.
1,525,319
from
ended
186,225,229 143,799,935
$3,301,695
From Jan. 1—
Net
$1,488,175
paring with net profit of $780,521 or 48 cents a share for the quarter
9 Mos. End.
projects:
railway
from
1940
$1 ,852,589
oper.
tracts,
railway——
railway
from
ry.
51,095
October—
Gross
1941
$3,354,935
$3,352,790
3,274
include interest being accrued on corporate books but not
oper.
23,098,927
1942
1943
(Including Wisconsin Ry,)
ry.
1942
$3,878,915
railway
income—
from
ry.
For
from
Gross
being paid currently.
Net
,1943
railway-
from
Net
Net
1,571,346
p.
$872,005
—
from
Gross
755,040
ry.
Cr63,3l4
for
Equipment
Road property deprec.—
from
28,716,002
7,970,346
3,722,717
13,853,563
7,634,615
7,596,403
income—
I860.1
Income, dividends
Net
$3,481,349
987,872
459,874
45,303,904
income-^-,
railway
'
Gross
be
Nashville Chattanooga & St. Louis Ry.—Earnings—
October—
Period End. Sept. 30—
2,538,041
Drl50,350
——
"Includes amortization
tDoes not
Trust
1940
railway—_ $19,708,457 $19,436,941 $11,100,692
8,754,330
9,777,028
3,601,714
railway
3,063,320
5,466,665
2,350,004
oper. income—^
lations,
being paid currently
defense
75
to
has called for redemption as of Jan. 1, 1944, a total
mtge, 3V2l bonds, series A, due July 1, 1966, at
Payment will be made at the Rhode Island Hospital
Co., trustee, Providence, R. I—V. 158, p. 2049.
$2,641,342
from
The
10,195
distribution of
liquidating
a
stock, payable Nov. 26, to stockholders
company
.
1941
from
'
$861,810
declared
common
$351,000 of 1st
and interest.
102%
National
Earnings—
1942
Net after fixed charges
of
•
808,462
$3,349,617
Crl 7,928
$4,573,944
Cr278,864
—
tFixed charges
400,572
October—
1,314,963
$858,602
1"
available
charges
517,746
.
Missouri Pacific RR.—Earnings—
,
$2,752,011 $21,638,359 $18,932,900
1,530,398
15,621,485
14,268,319
'
■
544,795
1943
158, p.
time
162,334
Joint facility
directors
1943
1943, the payment of this distribution
charged to the reserve for contingencies, etc.—V. 158, p. 2049.
1,836,546
1,425,919
2,210,005
1,061,072
,367,398
oper,
Earns,
taxes—
and 1942, and the
the foregoing balance
providing $5,821,469 for income taxes, equal to 54 cents a share,
1943—10 Mos.—1942
Fed.
—
after
Net
1,654,030
—
27,018
1,222,706
railway J.
from
Net
Excess
(Excluding Wisconsin Ry.)
$2,674,966
7,450
2,728,862
$7,298,051
refund
revenues——
4,
share on the
on. Nov. 15,
per
record
26,425
48,424
2,667,821
railway—-
from
Prov. for
1943—Month—1942
date of
97,925
income
oper.
ry,
Net
Minneapolis, St. Paul & Sault Ste. Marie Ry.—Earns.—
Total
98,525
income—_
.
.
Period End. Oct. 31—
174,534
From Jan. 1—•'
Gross
Trust
.V;
153,528
railway-^——
from
from
Net
total
and interest.
National
the
to
prior
National Gypsum Co. (& Subs.)—Earnings-
$150,000 of 6%
at
$215,930
Montgomery Ward & Co.—Earnings—
gold debentures due, by extension, on July 1, 1950,
Payment will be made at the Continental Illinois
Co., successor trustee, 231 So. La Salle St.,
Chicago, Ill.T-V. 157, p. 347.
V. ■
;
■/_•
of
Nov.
On
cents
J
Miller & Hart, Inc.—Debentures Called—
There
paid
.was
sheet.
Net
$233,914
Missouri-Kansas-Texas RR.
Net
•
profits taxes for the years 1941
excess
thereof
amount
Net
1940
1941
1942
$329,769
October—
Gross
100,000
397,286
"186,675
Total'
"Deficit.
and
Internal
Year-End
L———
carryback and net operating loss carry¬
adjustment has been arrived at acceptable to the local
Revenue Agent in Charge, with respect to the
an
the
of
Gross
.
surplus —_
surplus-deficit
Earned
approximate
unused excess profits credit
an
office
Net
From Jan. 1—
$37,144
273,467
————l——_u——————_—
Capital
24,490
1943
railway
Net
Total
62,743
Net
■
■
account
Trustee account
204,513
61,020
Net
■
deposit:
on
Commercial
reserve
cover
the
backs, and
987,342
.
$313,667
railway:.---/
oper.
Gross
Sheet, Sept. 3#, 1943
Assets-—
227,458
41,065
;
directors
1943.
Balance
Cash
plan,
275,106
—
—V. 158, p. 1350.
—V.
.'V''
believe that the
first payment in cancellation
and redemption of the capital stock
should be in the amount of $40 per sharej and should be made before
If
1,132,367
be
a series of distributions in full
payment for and in complete cancellation and redemption of all of
the capital stock of this company.
Prom time to time prior to the
final distribution, the directors may order a further distribution
or
distributions to the stockholders which shall be applied in payment
the first of
stated
the examining officer proposing additional taxes of approximately
$535,000, which the company contested.
An audit has now been made
of the 1942 Federal Income and excess profits tax returns sustaining
8,856
1,384,990
railway
oper.
ry.
shares
29,117
7,223
"7,448
,'v;
railway—-
from
Net
accepted as
etc., $889,286; common stock
value as at Oct. 31, 1943, $296,884;
contingencies,
by
From Jan. 1—
against .it, and in such additional amount, if any, as in their
sole judgment, shall be advisable to meet any contingencies that may
arise, and shall make immediate distribution of all of the remaining
funds which are on hand to the stockholders in proportion to the
of
$122,954
32,599
"4,320
Missouri Illinois RR.—Earnings-
from
anfl
$128,577
$164,764
1,815,089
255,875
railway——
October—
Gross
Net
number
for
par),
From Jan. 1—
Gross
jnade
1940
1941
1942
,
1,467
ry. oper. Income
."Deficit.—V, 158, p. 1860.
of this plan, the directors of Midwest Vessel Corp. shall set aside funds
sufficient to take care of all known liabilities of this company and
claims
certificates of indebtedness,
1, 1944, at par, plus
$1,325; furniture
S.
of $889,286 for contingencies, etc., has been pro¬
liquidating expenses not yet incurred, contested State
amount of $12,500, and all indeterminate or
future liabilities, claims, suits, and other contingencies, including any
which might arise under
the warranties in the contract of sale of
assets, and future Federal, State, and other taxes,- if any.
An audit
of the 1941 Federal income and excess profits taxes resulted In reports
vided
The
24,579
.
oper,
Net
adoption
after the
U.
1944 and $273,000 due Sept.
1,
(612,600 shares, no
total, $1,186,170.
of
$183,752
railway
railway——
recognized
(3)
$209,135;
1943
31,
1939.
p.
income-—
From January 1—
Gross from railway
liquidation shall proceed as promptly as possible, it being
that an assessment" for income and excess profits taxes
1939-42 inclusive has been proposed against this company
in the amount of $92,247, and that no final distribution can be made
until said claim has been disposed of.
As soon as said claim can be
disposed of in a manner which shall have the approval of the directors
and as soon as all other costs and expenses incidental to said claim
and to the liquidation ot this company shall be paid or provided for,
all of the remaining funds shall be distributed pro rata to the stock¬
holders of this company in final payment for the complete cancellation
and redemption of all of the capital stock Of the company, which shall
forthwith be surrendered for cancellation and shall be cancelled.
■
Oct.
Narragansett Electric Co.—Calls $651,000 of Bonds—
Net
(2) The
banks,
$889,28(5
31, 1943l
Sheet,
■
969,300
0157
_
interest, $974,814; miscellaneous receivables,
and fixtures, at cost, $897; total, $1,186,170.
.Missouri & Arkansas Ry.—Earnings-
Net
capital stock of this corporation. '
etc., at Oct.
Balance
accrued
taxes
1939.
p.
in
$700,000 due Aug.
1940
1942
$163,284
1943
$148,590
56,093
32,100
Prom January 1—
Midwest
trustee,
for contingencies,
Reserve
"/
.
88,074
$80,171
contingencies, etc., Dec. 31, 1942Adjustment of liabilities at Dec. 31, 1942.
Mississippi Central RR.—-Earnings
October—
$7,903
.
Reserve for
said
Co.,
——„——
Consolidated
•Gross
1943
—
374,534
Loss
payment of said
to have been in full
which bonds had
secured
Net
deemed
is
"It
says:
to dissolve
and
payment
The
337,569
railway—
from
Gross
■Net
following plan
(1)
538,841
Income
$1,164,508
$1,024,577
286,033
191,372
$1,379,972
442,448
(& Subs.)—Earnings—
Consolidated Income Statement, 10 Months Ended Oct. 31,
Income
;
;
Prom January 1—
and excess profits
certain professional
not yet fully deter¬
which are
expenses
$1,353,050
-
railway,.
oper.
from
for the complete liquidation and dissolution of
company, and for the cancellation and redemption of all its stock,
be voted upon by the stockholders on Dec. 6:
*
this
ry.
ry.
pletely .liquidate the corporation, distribute all
cellation and redemption of all of its capital
The
from
Net
Net
except for certain income
being contested, and except for
announcement
practicable
ISfet
i
railway
and payable.
due
or
The
from
Net
full
in
now
are
other'miscellaneous
and
mined
that
of record,
paid
taxes which
Gross
1940
1941
1942
1943
October—
vessels were sold
vessels were paid
all debts and liabilities of this company
corporation announces that all three of said
December, 1942, and all mortgages upon said
The
Nabco Liquidating Co.
Minneapolis & St. Louis RR.—Earnings—
Liquidation^-
Midwest Vessel Corp.—Plan of
Midwest
2255
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4235
158
of
to complete.'
is encouraged to believe that this
company
homes,
public
buildings,
which will take
potential construc¬
schools, hospitals, and other forma
2256
of
THE COMMERCIAL & FINANCIAL CHRONICLE
building
will
make
post-war
attractive
an
of
each
for
market
net
its
"To
for
assets
for
prepare
excution
developed
this
a;ter
has
been
set
Department of
engineer well ex¬
production
headed by an
our
"This
up
Gross
Net
ry.
158, p. 1736.
New
and
use
process.
obvious
"For
disclosed.
be
plans
should be, however, comfort in the knowledge
profitable
A
For
Market
New
storage, barns and other necessary farm
''The response received encourages the
to
Command
;!
a
that these products
belief
with
•
the Association
increase-of
an
11,906,251
the
25
Association
reports
the
for
week
electric output
kwh., or 5.26%
corresponding
reported
at
is
cents
Dec.
22,
1939.—V.
158, p.
week
tion
Completed—
Charles
H.
renegotiation
pleted
justment Board
The
137,185,000
&
—v.
against
of
kilowatt
available
hours
:yvv":'
86,
and
proceedings
the
is $154,280.
1343
and
the
refund of Federal
com¬
excess
week
from
Net
ry.
profit
from
from
Interest, divs.,-rent and miscel. inc.
declared
year-end
3
2,569
1
Provision
for
other deductions
$343,460
in
1943
158,
of
50
will
20
cents
total $1
;
P.;988.
68,263
Federal
income
share
per
Net
profits
excess
t652,500
share,
per
1942
$1,104,721
Co.
of
of
this
5,442,406
2,282.054
1,131,840
:
169,012
':
railway—
12,112,449
railway—*
Gross
Net
from
ry.
Nov.
on
19
with
purchase
Cleveland
Trust
Co,
in
acceptance
of
Otis
Otis
&
&
Petroleum
&
Transportation
New
directors
will
be
Woeste,
Warehouse
&
Mr.
Co.
R.
Daley,
Mr.
Vice
List,
President
Co.,
and
G.
Smith,
List
become
Vice
as
K. R.
Vice
President
President
Proctor
of
and
as
Chairman, President,
spectively, of the company.
directors,on
of
of
last.
and
the
L.
and
Assistant
National
S.
Peirce
Vice
each
15,
orifthe
$1.50
in
1942
each;
Natomas Co.
10
Refining
will
remain
President
and
dredging
Rock
Dec.
dividend
a
cumulative
10,
prior
158,
2.
and
10,
2,441,966 '
892,251
930,863
—V.
on
158,
directors
Dec.
on
The
29,
$420,708
$586,435
,
2,318
27.000
V
236.202
75,460
fund
$203,847
1 $0.02
'
&
Trust
Dec.
make
a
Co.
1
of
that
New
it
York,
had
second/ 1%
„
the Jirst
to
bonds.
mortgage
trustee
received
This
Nov.
of
1%
account of
1
on
\
.\
Nov.
•
and
interest
Losses
Int.
(incl. $3,600 prior years' int.)___
bonds
(net)
of
tax
securities)
dividends
and
paid during
in
of
bank,
Securities)
losses
.
8,515
2(^137
.
<
17,996
17,192
3,250
4,400
sales
on
Assets,
$177,203;
As
at
Sept.
dividends
30,
and
$81,526
97,656
oper.
expenses-——
46,812,548
6/843,734
tax accruals
Equip, and joint facility
"Ry.
accrued
for
expenses,
shares
$3,161;
of
' •'
rents
beneficial
provision
for
due
Lives
on
Sts„
bids
and
Granting
will
Philadelphia,
for
Jan.
the
1,
sale
Pa.,
it
to
of
first
1945
to
an
amouni
available
$20,328.72,
in
the
sinking
100 and
interest.
cease.—V.
157,
1, 1944
2452.
p.
Ltd.—Earnings—
Sept. 30—
1943
••-.
'
■'
1942
/
,1941
1940
5,132,712
3,2i5,000
3,170,000
2,971,000
2,210,000
$9,020,184
$8,452,033
$8,318,338
$6,062,945
$9,020,184
~
$8,452,033
$8,318,338
$7,862,<\10
income
1,799,984
income—W——
407,000
425,000
415,000
$3,613,185
$8,027,033
$7,903,338
$3.58
$3.53
_
net
$3.85
V
'
■
1941.
p.
RR.—Earnings—
408,000
.
$7,454,930
$3.33
/
■/
,
1943
:'r-
:/■
1941
P40
$720,469
$546,620
$442,<U6
343,841
249,358
123,085
127,057
169,796
_
87,436
:
-
January 1— ■
vr '.v- ■
Gross from railwayJr-i * 7i000,014 *
Net from railway
:
2,050,135
58,870
•
income—
oper.
66,273
,,
6,574,596
952,314
4,648,799
2,290,455
1,078,792
—
ry.
i
,
1942
$871,666
,
from
railway-,—
Net from railway
Net ry. oper. income—
1,227,1^0
695/410
670,975
,175,407
158, p, 2193.
3,784,854
■
the
Norfolk & Western
of
will
,
given
was
Period End. Oct. 31—
Ry.
operating
Railway—Earnings—
1943—Month—1942
\
1943—10 Mos.—1942
'
12,714,884
revenues
7,343,851
6,740,290
4,330,652
42,777,163
Railway oper. income
Equip, rents (net)——
facll.
115,3G6ll65
125,679.838
70,562,567
3,955,544
oper.
tax
■Joint
13,188,745
expenses
accruals—
Railway
Railway
on
'
rents
1,415,489
;
38,041,545
2,117,804
12,340,109
13,789,072
Cr636,733 Cr7,124,106 Cr5,267,078
Drl6,882
Drl47,983
Dr97,582
Cr745,205
(net)
63,535,548
•
Drl3,233
1943—10 Mos.—1942
\
-
■
/
-
1
'
-
$'
'V
'
'
'
V '
'
receivable
interest
Federal
repurchased
taxes,
$3,990;
Net
"
57,762^969
8,5'92,405
-'
1,699,412
:
•' >
.
-
113,640,760
Net
income-
'
:
Int.
•
6,232,345
11,675,306
75,173,347
70,531,750
1,490,812
16,155,597
2,737,655
22,509
1,777,855
2,760,164
176,136
176,275
1,761,500
1,763,760
2,583,888
17,632,234
17,286,876
income
13,166,118
2,370,846
91,328,944
1,211,274
84,603,237
funded
on
Net
deductions——
available
Income
114,940
fixed
—V.
158,
7,768,066
3,885,713
10,795,272
4,020,931
38,575,376
78,818,637
39,915,251
3,882,353
6,774,341
51,542,294
directors
Nov.
on
18
declared
a
year-end
3,069,900
4,818,100
74,255,220
36,428,221
cents
income
Federal income
158, p. 2050.
New York Chicago & St. Louis RR.—
-Earnings—»
October—
from
/
$8,263,658
from
ry.
1943
,
railway
railway...-——•
oper. income
"
1942
1941
$3,608,021
•
3,910,836;'
$6,074,450
1940
"■
'
$4,462,474
4,364,039
2,109,687
2,510,770
2,414,772
1,112,030
railway-—_
83,585,093
72,617,115
Net from railway—, 39,621,991'■
34,228,525
Net ry. oper. income—
11,451,069
11,769,428
—V. 158, p.' 2193.
•
i
}
49,593,765
37,963,426
12,111,683
6,498,431
Gross
each
while
158, p.
made
were
Dec.
on
t-
T,132,769
from
1,768,915
21,108,907
13,586,892
issued
were
bv
New
properties of the
guarantee
incident.to
York
company,
them
to
as
Central
to
the
exchanged
1943.
p.
and
1940.
them,
for
will
to
the
common
remain
1
of
and
75
cents
value,
par
of
Depl.
and
income
and
50
1942,
disbursed.—
■■
1942
1941 !,
$75,509
$69,391
12,301
10,168
2,023
9,875
3,070
•
270
$73,994
*
! 1,°18
*
304
2^2
4,500
23,463
4,500
4,200
off-i
21,731
22,984
income——
Net operating
Net
1343
was
1943
$32,951
$29,617
$34,725
charged
properties
Other income
Oct; 1,
cents
OR Co., Inc.—Earnings-
Sept. 30—
—
purchase
This
(dividends)—before
50
Federal
V
taxes-
$32,951
nine months
158,
2050.
p.
ended
:
;
$29,667
Sept. 30/ 1943,
50
$34,775
r.,
$87,-
was
'
•
per
of. the
bonds
steam
from
the
railroad
company,
became
effective
on
Nov.
1,
including Dec. 31, 1943.—V. 158,
•the
Illinois Corp., DeKalb, 111.—Extra
directors
share
made on
the
offer
until and
Northern
The
lessee
RR.,
payment
stock.
July
Operating income
Admin, and general expenses—
Legal and purchase expenses*.——
Depreciation
Taxes (other than Federal)_„ji—:_
holders
extent
open
1,
•
3 Months Ended
purchase offer dated June 3,
of principal and interest, and to
required for the purpose, for capital
ttock of the company, not owned by the
Central, at the rate of $125
of bonds for each share ($50 par) of such
stock, the bonds of series A
to be exchanged for preferred stock and the
bonds of series B to be
exchange
75
of
no
Distributions
RR.—-Listing—
The New York Stock
Exchange has authorized the'listing of $470,000
4%
mortgage bonds, series A, due Jiily 1, 2043, and
$7,350,000 4%
mortgage bonds, series B, due July 1, 2043.
bonds
dividend
stocks,
14,
1536.
368; 1941, $84,276.—V.
made
Dec.
year-end
a
The net income for the
...
New York & Harlem
1943,.
April
on
1942,
22,
North Central Texas
&
taxes—'
7
profits
excess
—v.
common
38,903,386
90,117,670
V.
Net
19.050,637
1736.
p.
share on the class A and class B
pavable Dec. 22 to holders of record
charges.—
92,069
,
19,393,734
North American Rayon Corp.—75-Cent Dividends—
The
5,784,600
-
charges--
fixed
Total
for
18,958,567
77,502
•
debt—
income
per
,
19,316.232
.
14,071,487
7,883,006
income
2,147,461
Dr369,606
1,601,719
.
15,207,326
-
1,456,404
1,650,661
oper.
ry.
income
income
items-
oper.
income
Gross
70,444,251
15,181,512
ry.
Other
590,097,502 486,556,328
36,038,854 386,101,883 330,373,001
•
to
1943
interest
$!8,587; receivable for shares of beneficial interest
sold, $6,815; receiv¬
able for investments sold,
$28,995; securities owned at quoted' market
prices (cost $3,001,949), $2,825,697; total,
$3,057,301;
Liabilities—Payable
1
/ 61,588,039
The
$71,797
111,510
_____
372,031
Club
lines)
1
revenues_-__J
$103,118
■
the period—.
Net
1942
$115,889
surtax
_____
Statement
Assets—Cash
and
gains
on
$82,^81
r
.
income
(excl.
.
^
—.—_—.
normal
leased
all
1943—Month—1942
'
Gross
$107,374
—,
of
will
taxes——A
for
October—
RR.—Earnings—
(Including
r
oper.
$0.28
/•,
,
1943
dividends
628,354
recovery
"$16,492,557"$15,852,760"$16,009,684 $13,405,657
and expenses—___
4,257,372
4,230,727
Gross
interest arrears,
30,
:.',v
From Jan. 1—
Income—cash
—_
Central
York
Net
Unrealized Gains
f
20.
holders of record
to
157, p. 348.
the
account
on
distribution
record
payable Dec.
under
from
distribution
of
Period Ended Oct. 31—
$238,471
$0.22
Fund—Earnings—
and
Insurances
receive
bonds
sum
Norfolk Southern
•—V.
/. 146,644
9 Months Ended Sept. 30—
$1,332;
Bank
-
$651,317
237,103
•,
in
Chestnut
1943
the
profitearnings per shard
Net
6,704
$516,414
,
1,286,141 " 951,887
777,937
4,720,346
Est.
'.y
'/W:
"
the first distribution
of
was
New
2,250
163,371
tax„
New England
.
date
Estimated
605,220
■.
pn
10
;.
6,875
-
$22,601
>
From
22,052
•
46,446
2,648,351
530,773
,
a
bondholders
Dec.
.17, last.—V.
Total
4,059
'
1,584,263
920,323
and
15,
sinking
exhaust
Depreciation
1,949,071
1736..
p.
■
to
arrears
Notice
which
Nov.
"Incl.
(Exclusive of Realized
Cash
declared
•
158,
announced
funds
made
Net
of
Nov.. 24
1941
49.000
.
inc.
^
year.—V.
Continental
Other
$185,n72
sh*re of capital stock'-—V. 158, p. 893.
Net
;
,
on
last
mortgage,
interest
and
40,328
_
39,114
3,080,779
'
accepted shall be surrendered for redemption on Jan.
Total
special year-end dividend of
50 cents per'Share on the common stock,
par $1, payable Dec. 22 ta:
holders of record Dec. 8.
Like amounts were paid on this issue on
March 1, June 1, Sept. 1 and Dec. 1, this
year, and in each quarter
during 1942. A year-end dividend of 50 cents per share was also paid
Miscell.
43.064
per
Federal
I860.:
p.
*
15,
•
,.1942
4 019
—_—,
expenses
income
Expenses
:
/ "Includes miscellaneous income.—V. 158,
re¬
stock,
15
_
———_
income
on
48,818
2,592,394
Distribu¬
Sept.
June
1940.
p.
70,983 "
3,623,713
-
2,265,697
15th
Dec.
on
Profit
41,333
5,270,792
H.
■
preferred
15
66
returns
Non-operating
W.
share
per
Dec.
June
—$73,743
.
Total
'.
117,264
•"
.•/
v
Ry.
60,000
interest
Net
$4
•'
credits
Earns,
of
1943
,
,
———————
Miscellaneous
Federal
94,266
4,883,859
''
March
——„;—'
net
119,791
145,372
2,952,743
oper.
sufficient
of
(& Subs.)—Earnings—
Miscellaneous
Total
"
Company
trustee,
m.
p.
which
Other
285,127
1,675,990
directors
■
record
15,
$4.~~V.
rentals
Discount
of
follows:
operating
Land
Pennsylvania
3
Reserve
$176,799
7,783,641
and
Secretary,
101,535
1940
4,769,251
first
of
v-'
March
as
3 Months Ended Sept. 30—
C-oid
Co.
as
1940
<$287,894
110.937'
:
from
Noranda Mines,
^
1941
$306,784
$628,804
railway—655,339
income—
223,521
Ry.
holders
on
were
and
$6
to
made
were
Treasurer
/
23:Ideclared
payable Dec.
$1.50
Payments
Sept.
Nov.
accumulations
value,
par
tions
President
Secretary-Treasurer
$4 Accumulated Diviclend—
account
182,325
■■■;,-.
will
Canning
The
1941
$308,186
210,412
9 Mos. Ended
New York Athletic Club—Bondholders to Get Second
Mr. Ee^ton, Mr. Canning, Mr. Daley,
and General
Manager of the Otis
L.
•
Lamprecht, II,
and
William
$1,024,770
''
'
1942
income.--
be
Terminal
Mr.
and
railway—_
Payment— ■;;;
Co.
Benjamin
Otis
Co.,
RR.—Earnings—
railway
ry. oper. income/—
-
from
Bonds
Co.'s
The general partners of the limited
partnership are Albert A. List,
President of the List Finance Corp. of Fall
River, Mass., and Vice
President of the Otis Terminal Warehouse
Corp. of Cleveland; Cyrus
S.
Eaton, Cleveland
financier
and
industrialist; ; Chester
Canning,
President of the Pacific Gas Corp. of New York and
President
of
Otis
'
164,637
"636,103
1942
Total
railway———
offer.
the
655,222
"125,297
176,137'
Newport News Shipbuilding & Dry Dock Co.—Divs.—
Ohio, acting for List, Eaton, Canning & Daley, a
partnership, took up all the company's stock which had been
deposited
944,545
294,951
1736.
p.
$414,903
after
in
involving
when
1,044,128
income—j.
oper.
fund, at prices not to exceed
148,501
.
Ry.—Earnings—
" "f
oper.
from
Cleveland,
limited
,
.
1943
•
from
ry.
transaction
"49,393
4,601,517
•
1943
Cost
''October—
Net
a
31,828
*6.804
5%
418,228
Net
in
'
$487,189
•"
5,253,303
to
985,282
-1,302,085
$0.83
company
$341,314
6,683,919
from
$402,099
consummated
was
63,948
36,704
mortgage
ry. oper. income—
1,462,003
"Deficit.—V. 158, p. 1736. ^
664,607"'
income.;—
Net
$0.53
National Refining Co.—Control Purchased—
control
$548,258
96,125
2,698,049
The
$9,000,000
$260,374
80,172
6,320,009
sufficient
1940
4,519,812
$306,713
of
1940
$454,254
until
1941
'
>
1941
railways-
The
9,513,457
from
$0.35
*
of
in¬
Nice Ball Bearing Co.—Tenders—,'
against $1.10 per share
as
RR.—Earnings-
1943
$1,283,219
railway——-
From Jan. 1—
$165,197
c/
bond
and
21.
Dec.
on
From January 1—
Gross from railway
After
deducting provision for depreciation and
amortization
$238,415 in 1913, $141,594 in 1942, $134,722 in 1941, and $118,367
1340,
flncludes $453,500 for excess, profits tax.—V. 158, p. 489,
Furore
A
73,866
"
rnprnvjmteh'
paid
was
4.
Dec,
/A
.v- y
-v
'
railway——
oper.
Net
4,500
share
common
taxes
1942
$748,035
v ;; r
railwayNet from railway——-^
Net rj),- oper. income
i
—V; 158, p. 1941.
/
share, on the
$604,258
304,233
Net
5,252
:
Colony and
charges
unpaid
' 14,120
from
Gross
24,054
599,500
tax
profit^-*-4—_
Earnings per
per
record
'137,066
Gross
-
Adj. of previous post-war refunds of
Federal
cents
holders of
to
622,386
ry.
$1,059,851.
20,578
105,500
tax—
Co.
15,611,534
Old
on
and
7,385,135
From January !—1
(!
"155,266
from
Net
.
19,192
'
from
Net
$1,035,797
$926,790
Terminal
New York Susquehanna & Western
regular quarterly dividend of U
a
dividend of 40
Dec.
New Orleans Texas & Mexico
Net profit before
Other deductions
Boston
taxes
accrued
1943
income__j,
'
October—
Gross
Net
payable
distribution
October—
.
$907,598
estate
also
railway^.—
railway
"Deficit.—V.; 158,
year.
Gross
Sept. 26/42 Sept, 27,'41
operation—$340,892
real
...
.
railway-—- '
oper.
ry.
;
Net
Nov. 23
both
.
.
from
Annuities,
this amount $31,200 is payable in cash
of $73,080/18 a reduction in post-war
profits taxes..
h.
.
'
unpaid
properties;
From Jan. 1—
Gross
Net
New Orleans & Northeastern
Of
Oct. 2,'43
and
railway_____^
'
RR.—Secondary Offering—A secondary
and a
stock,
1942.—v.
Department Price Ad¬
during the year 1942.
Quarter (Including Subsidiaries)
26,592,841
21,375,761
.
from
Net
War
,
24,444,705
32,238,893
2,505,064
New York Ontario & Western Ry.—Earnings—
Gross
x
on
pen share
Favmeuts
'in
balance
Income Account For
"Net
has
last
gross
excess
'
with
'YvYYy*!
company
28,957,069
3,605,253
properties for
158, .p..1941..-
October—
i
27, 1943, as 61,330,908, compared
ended Nov. 28, 1942, an increase of
1225. ■'
p.
The directors
,
year-end
i
3,283,002
2,039,395'
said
;
Its
for
Nov.
; New Idea, Inc.—To Pay Year-End Dividend-.— ;,' y
:
Co.—Renegotia-
that
2,473,926
"..3,115,671
Providence
terest.V.
1943—10 Mos.—1942
14,649,160 149,963.388 127,908,081
fxd. chgs.
accrued
Boston
.ft.,
cu.
,15,545,731
Income.—
oper.
"Includes
distribution was made Dec. 1. by Shields & Co. and R. W.
Pressprich & Co. of $3,000,000 guaranteed 5% 50-year
consolidated mortgage gold bbnds, due
July T, 1945, at a
fixed price of 82% flat.
Dealer discount IV2- points.
in
whereby the company is
refund of $812,000.
After credit for Federal income
profits taxes applicable to this amount, the net cost to
a
the .company
during
/Yv'Y
1
announces
ry.
Net
.cents
as to the company's profits
have approved a settlement
directors
to .make
/ f
■.
President,
McCrea,
1,437,783
1,116,978
„'
RR.—Earnings—
1943—Month—1942
"Net after Charges
,
a
Association—Output Up 2.51%—
number
ended
the
for
New England
1174,■■■
National Malleable and Steel Castings
2,790,454
v
revenue
oper.
Inc. avail, for
''r'1".
p.: 2193.
oh Nov; 23 declared a'dividend of 25 cents' per .'share
stock, payable Dec. 30 to holders of record Dec. 23. U
was made on Dec. 30,
last year, compared with 4(
Dec. 20, 1941, and on Dec. 26, 1940, and an initial pi
on
on
2,641,018
1,145,211
v
t
week
59,832,003
jcommon
no
To.tal
.
reports
626,705
for' the
: ."/■ :
■
26
Nov.
kwh.
186U
p.
New York New Haven & Hartford
Comparable figures for the week ended Nov. 20, 1943, tvere 65,969,460,
increase of 4.82% over the
corresponding week last year.—V. 158,
payment
each
cents
;
26,
is
income—„
oper.
Period Ended Oct. 31—
•
the common
similar
.
•'
Net
Nov.
This
of
output for
Thej directors
son
,
.v.1'■■
2.51%:-
^Y,-*
,
,■}
1,241,959
1,514,020
161,415
612,613
an
wartime building job'for the nation's farmers will
peacetime market in this type of construction."-..
new
ended
kwh.
ry.
'..218,548
•'
territory
a
25-Cent Common Dividend—r;
%
.
doing
the
buildings.
"
Net
,336,983
148,052
New England Power
1
construction needs of
the
farm
market and
found opportunity for the use of gold bond
laminated weather gypsum building boards
Consequently, this market
has been exploited with a unique farm building service which enables
building material dealers and
contractors to assist the American
ifamer i nhis all-out efforts to produce-more fcod.
;
:
"This
service
provides detailed and
simplified construction data
showing how the product can be used with ,the minimum of skill for
the construction
and
repairs of poultry houses, hog houses,, grain
addition
583,209
261,386
139,796
131,798
2,117,950
1940
$248,131
147,791
for
;
Board
Gypsum
has studied
company
592,869
289,969
125,700
3,779,592
;
railway
from railway
—V, 158,
554,084
income
oper.
1941
$259,103
'
January 1—
from
Net
17,077
255,757
ago.
The
the
sometime
"For
.
579
Gross
an
increase of 10,880,000 cu. ft., or 8.61% above
production of 126,305,000 cu. ft. in the corresponding week a year ago.-^-V, .158, p. 2192.
that
facilities
made for utilization of the company's
operations in the post-war period.
16,414
138,082
2,428,938
928,082
ry.
—
From
'122,216
.
\
•
production
year
of the things now being planned cannot
some
reasons,
There
above
,
being
are
week
12,532,956
Gas
'
,
of
32,572
22,976
112,397
2,274,351
Net
' ;
•
$58,994
28,369
1942
$255,299
108,888
108,103
railway—
from railway
r.40
1941
-Earnings—
1943
$249,669
from
Gross
England Gas & Electric Association—Output—
the
For
needs. Quick resumption will be made possible because
developed for uses in peacetime have simply gone into
there has been no change in the general manufacturing
peacetime
the products
•;/
.
•
income.—
oper.
,..,
to
■
$57,646
17,696
railway——
railway——
from
ry.
New York Connecting RR.-
each,
October—
/.
_
January 1—
Net
—v.
.
$61,291
37,507
;•
from
Net
technological
..
.
1942
"
$68,081
income—
oper.
From
Gross
developments gained through war-time ex¬
perience.
To meet war-time needs many new uses have been found
for the company's materials.
'■;/
"There will be little delay in converting the company s production
1943
railway
railway—
from
'
.
,
Ry.—Earnings—
from
Net
1
,,
Net
October—
company's
.
of
.'
p. 1736.
Nevada Northern
a
department
utilization
share for 251,040 shares of $1 par value
per
$3,048,818.-^. 158,
business.
/
acting in conjunction with the Research and
Engineering Departments is making satisfactory progress.
Through its
efforts the company plans for a program that will increase production,
lower costs and through new markets provide more sales.
- '
'
"Many new ideas are being exploited and studied for the develop¬
ment of new
products, improvement of present products, added pro¬
duction
facilities for increased
economies in manufacturing and the
perienced
the
the
interfering -with
Planning
in
organization is blueprinting plans
tne war.
So that these plans may be
market
immediately
without
Post-War
war
the basis of carrying securities at quoted market prices-
on
equivalent to $12.14
products.
Monday, December 6, 1943
on
of
Nov.
on
the
23
record
Dec.
this issue
on
3.
Feb.
Nov.
158,
2,
p.
25
cents
Electric
output
41,167,000
of
this
kwh.,
Dividend
dividend
of
value," pavab1e
distributions
were made:
and
...
of
company
as
corresponding week last year,
..
cents
15
each
Msv
year-end
a
.
of
to
were
In
1942,
1, Aug.
25
1
cents.
!
\
.
(Del.)—Weekly Output—
for
compared
an
23,
.
30
Dec!
25c
Feb. 2,.10 cents;
Dec.
.
Northern States Power Co.
'totaled
extra
par
1, May 1, Aug. 2 and Nov. 1, last.
each;
1352,
an
no
Regular
following disbursements
and
—V.
declared
stock,
common
the week
with
increase
of
ended
Nov.
37,409,U00 kwh.
10.0%,—V. 158,
27,
194S,
ior
p.
tne
2193.
Balance
Northern Pacific
October—
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4235
Volume 158
Ry,—Earnings-^-
railway—.!- $14,355,891' $13,064,861
.3,101,567
6,095,167
ry. oper. income—
4,521,838
3,817,416
From January 1—
Gross, from railway-^-- 120,764,343 95,650,936
Net from railway—__
44,178,692
32,595,807
Net ry. oper. income—
28,019,454
21,917,621
from
Gross
Net
from
158, p.
2,098,003
1,770,001
2,108,422
69,562,716
556,515
216,723
549,765
(other than inc.}"
676,223
716,195
taxes'
744,750
643,950
.188,503
Maintenance;
Depreciation
Fed.
excess
Net
■
'
—
State
inc.
profits tax_
22,275
incotne
$1,442,947
83,915
operating
Other income
Gross
.
income
Income
—$1,526,862
deductions
614,646
—
4,50j
"
158, p. 396.
"
Pacific-American Investors, Inc.—Financial Report-
,
stock
(par $1), $389,653; class B ,common, stock, (par, $1), $9,462;
paid-in surplus, $927,r467; earned surplus, $3,700,137; total, $23,622,005,
—v;
158, p.
2133./;■/1
,
; ■//
■
declared
have
directors
dividend
a
of
25
stock
//
Ogden Corp.—25-Cent Common Dividend—
The
cents
\.
,
share
per
on
payable Dec. 29 to holders of rScord Dec/ 22/
approval of the SEC.
This compares with an initial
dividend of 75 cents per share paid on June 28, last.—V. 158, p. 2193.
the
subject
$1,974,998
853,902
stock,
common^
the
to
As at Sept, 30, 1943, the net asset coverage of the convertible prior
preferred stock was in excess of $375 per < share, that of the preferred
approximately $34.61 per share and the net asset value of the
new
common, stock was approximately $1,47 per. share.
This, latter
figure compares with an estimated net asset value of $1.14 per com¬
mon share based upon the pro forma statement as at April 30, 1943.
Effective Aug. 27, 1943, and pursuant to an agreement of merger
dated June 1, 1943, American Capital Corp. was merged into Pacific
Southern. Investors,
Inc., and the name of the latter changed to
Pacific-American Investors, Inc.
The number of shares of capital
stock
payable, to banks, $14,500,000; accounts payable,
$2,690,037; wages and salaries payable, $555,099; pay-roll deductions for
bond purchases and taxes, $387,575; accrued taxes (other than income
taxes) and interest, $368,185; deferred income, $34,3915 class A common
$1,910,048
64,950
$1,461,441 > $1,948,835
642,029
816,144
V.
Liabilities—Notes
,
$1,844,852
103,983
(U. S. Government $618,unreimbursed
cost-plus:fixed-fee contracts, ($10,601,793; advances
to subcontractors, $1,295,204,'less advance payments of $194,697), $11,702,300; inventories (less partial payments received under fixed-price
contracts of! $284,634), $1,232,002; other assets, $564,506; land, build¬
ings, machinery and equipment (less . reserves for depreciation and
amortization of $241,284), $1,425,670; emergency facilities (less reserves
for depreciation and amortization of $813,612), $1,615,181; patents, $1;
deferred charges, $1,128,911;..total, $23,622,005.
if
1943—12 Mos.—1942
$7,101,325 $6,821,201
2,311,522 . 2,087,454
265,181
334,500
739,770
726,615
899,825 / 932,799
'
982,800
825,285
57,375
4,500
$1,389,391
/. 72,050
interets on 5% debentures, $,7,875; 5% gold debentures, due
1, 1947, $378,000; 5% gold debentures, due April 1, 1948, $474,000;
stock
(par $1), $141,151;
paid-in surplus,
Sept, 30,
1943,
$2,613,992; profit and loss deficit, Pr$l,002,058; total, $2,753,465.—
capital
costs and fee under
(& Sub.)—Earns.—
(Wis.)
1943—9 Mos.—1942
Operating revenues
$5,328j761
$5,062,316
Operation —1,697.545,
1,541,792
&
17,288,441
accrued
Nov.
842), $1,475,127; due from Defense Plant Corp., $74,828;
13,813,204
10,666,714
Period End. Sept. 30—
Fed.
interest, $776,356; Trade. accounts receivable
56,985,985
21,679,624
Sheet, July 31, 1943
demand deposit and on hand, $2,876,654; certificate
on
$750,469; U. S. Government securities, at cost and accrued,
of deposit,
$6,846,100
2,901,780
1861.
Northern States Power Co,
Taxes
,
$3,946,695
railway—
Net
—V.
Assets—Cash
v
1944
1941
1942
1943
'
■
2257
shown
issued
as
to
or
be
issued
income
$912,216
——
$819,412
551,360
500,003
/
Ogilvie Flour Mills Co.,' Ltd.—Earnings-
$1,121,096
560,701
$1,132,691
512,468
Years End. Aug.
*
——>'
Total '
$1,463,576
20,351
20,351
dividends L*.!-
742,896
20,334
786,596
items-—
Balance, end of period
$679,995
$1,645,159; $1,681,797
27,i35
27,135
917,695;
1,136,194
.20,334
6,000
$1,319,415
dividends—
$512,468
Preferred
Common
Miscell.
direct
Profit/from
Investment
,
Divs.
1943
31
1942
$1,464,425
325,171
opers—-
income
assumption
■
,-V
'
■
•,
.—$1,940,414
and not delivered..—
60,421
Dividends
1941
Investment securities
$687,386
329,342
297,028
from
.wholly, own:
subsidiary companies-
254,000
266,000
289,000
soid.
148,409
66,826
16,335
7,325
LL" $2,192,005
Provision for deprec,411,189
i
$1,924,607
$1,652,648
8,503,2x2
150,000
——w...
.
U. S. Treasury certificates of indebtedness.—A.!/-..-.
Capital stock-of Investment Co. of America..
Mitchum, Tully & Co., capital stock._...__.._UA--i~-..-L.
'Prepaid Expenses .—.1—
767,076
420,000
$1,461,739
'
Profit
invests,
on
55,552
.
Interest''2,641'
;
1940
,
-$1,255,119.' $1,017,971
336,662
the
.
Assets—
Cash
Accounts receivable: Securities sold
Net
Bal., beginning of period
based upon
is
that all holders of capital stocks of American Capital Corp. and Pacific
Southern,; Investors, Inc., will exchange such stocks pursuant to the
merger
agreement; any; shareholders of these .companies who filed
objection to the merger are entitled, pursuant to the General Corpora?tion Laws of Deleware, to be
paid the value of their shares at the
date of.merger.
■/.', Balance Sheet, Sept/80, 1913 '
...
470,000
<
'
6,313-
•
'
$512,468
$679,995
for Federal
excess
profits tax is after deducting
post-war refunds as follows: 9 months ended sept 30, 1943,
$2,364; 9 months and 12 months ended Sept. 30„ 1942, $500;, 12 months
ended Sept. 30, 1943, $6,?64.r—V. 158, p. 895;
onc
' ,f
Note—Provision
income
Total
:
*
Provision for taxes...
credit for
Remuneration
to
323,562
171,397
399,300
248,826
3,663
4,010
T
30,ooo:
,
1,997
30,000
/
,
/■> it'
Years Ended June 30—4 /■/•< /■
,,
Operating ■■ revenues
Operating expenses—
■
L
:
7-
1943
1942
$4,719,143.
•1941
$4,923,454
4,522,991-
.
3,544,883.
of
Remuneration
direc.
3,901,000
30,000
.
$812,396
$769,068
2,933,135
$905,334
;
2,767,801
;
Br83,572
.
'
$400,463
$1,174,260"
income-^4
Operating
Other income and credits-——
$436,909
*
414,531
52,918
/
;
•LL/:^.-:Li.!b $3,955,010-' $3,691,027,
Balance
31,211
Preferred dlv.
(7%) —.1.;
/. Gross
..—Li—
income.
Other deductions
Federal
Income
Declared value
—.—/—/.—.I---
and
surtax
taxes..
State income
Under provision for
-L.
30,000
12,185
prior years—
Balance at
Total
surplus
Preferred
••
L:——/LLL
$2,951,027.
600,000
$1.12
:
$3,215,010
(no par)600,000
share.....$1.44
shs.
per
$2,878,631
600,000
$1.05
excess
Balance
119,665
Sheet,
31,
Aug.
1943
'/./
receivable, less reserve, $2,397,650;
stocks of
wheat,
$7,607,617; investments,
$3,771,976; other. assets,
$1,139,774; deferred charges/ $83,563; fixed assets. (less reserve ;for
depreciation - 0/ $4,783,273); $3.882,432;: goodwill, trade marks, patent
rights, etc., Al; total, $18,902,057.
• • .
; v:
t. «
•
'
r" ■
$447,160
1,411
/ll7;460
$930,849 v. • $445,749
-surplus- at end of year...$1,427,690
m:
ij)43,i''.-':^/.--//.r
Balance Sheet, June 30,
-
$1,542,066 to be used on U. S.
U. S. Treasury bonds—at cost,
$25,000; trade accounts receivable (incl. U. S. Government accounts, of
$626,1041, $1,247,897; unreimbursed costs and accrued fees under U. S.
Government cost-plus-fixed-fee contracts' (less advances applicable to
costs of $3,786,723), $1,420,311; unallocated advances by the company
for costs and expenses (less reserve of $26,000), $130,460; unbilled job
order costs
(less: reserve of, $5,000.),, $74,141; inventories,! $368,580;
other assets, $106,616; property, plant, and equipment (less reserves-of
$1,687,120), $1,272,293; intangible, $48,737; deferred,charges, $105,007;
total, $7,828,934.
/'
(incl. special deposits of
Assets—Cash
Government
contracts); .$3,029,892;
Liabilities—Accounts
$2,171,723:
payable,
air
travel
contract
.
.
Ohio Edison Co.- /Earnings—
,
s'
Period End. Oct. 31—
de¬
Federal
income
Interest, .etc.,
share/s
par)*
no
\
Nov.
on
30
Net
amounts of additional
capital.
_
Net
Net
,
'
Gross
railway..—
,
-
railway—
■
-7"
.
■
5,199,935
1,350,659
838,108
railway..-railway-.i.^..
oper.
$377,515
87,102
308,423
the
$334,638
-
45,185
income—.-
4,184,897
$3,497,833
v 1,866,923
$3,060,842
1,866,923
$104,413
$84,887
Subsidiary
to
Brasil, S. A., a wholly owned subsidiary operating in
Brazil, has raised Its capital from a nominal figure to a stated
amount of $4,000,000 and plans to sell a 40^
Interest to Brazilian
nationals. ' It
subscribe-'to
is
understood
the
stock
number
a
of
prominent
Brazilians
offering,/and that the balance
be
will
will
offered
to the, generaf public
through the Banco do Brasil. The Pan American
corporation will retain the $2,400,000, or 60% balance, but Brazilian
nationals probably will have -a
majority representation on the new
board
of
directors.
-
.
.
.
.Under .Brazilian law national of Brazil must hold ;40% interest in "an
eh'te.rprise in-order'for (it .to qualify as "Brazilian,", entitling it to cer¬
tain privileges not accorded other enterprises.—V.
158, p. 2051. '
Panhandle Producing & Refining Co. —Earnings—.
'/
1943—3 Mos,—1942 /
Sept. 30
1943—9 Mos.—1942
'
Period End.
Net
sales^-^fc,a^-_,——»
Purchase,
transp.
and
container
'7,
oper.
cost,
$1,116,222
$1,076,460
$2,972,788
$2,797,755
850,473
2,173i882
2,165,150
269,210
direct
expense
*
827,163
—.
Operating charges——, "/■
Deprec., deplete etc.—
Operating
Non-oper.
Int.,
75,328
286,772
84,111
57,070
,199,483-
168,292
$93,589
$312,652
$195,103
$90,634 "
income-
income
for
1,217
Fed.
1,636
.19,461
17,985
$91,851
!_—_..
$95,225
$332,112
$213,088
.57,351
etc.-/—-
expense,
Prov.
114,313
Income
317,082
736,1.95
"42,639
:
/
26,120
20.029
tax.
Cr23,000
12.030
to corp.
$93,731
sh—
$0.10
:
inc.
69,767
31,839
"281,867
f.
■
.
>
Inc.—Annual Report—
The
1943
'•
——
-----
-——
r
"Manufacturing and other costs....—.
and general expenses^1.
and
$69,791,845 $32;983,762
63,037,393 24,834,966:
37,325
3,970
"5,578
264,414
245,680
7,
742,494
594,681
91,900
"
railway.—!!'
284,oUO
260,1^8
20,378
income—
158,
p!
47,502
;
-*17,615
"/ ;,:
1769. V'.v"
directors- have," declared
vglue' class. B
par
dividend, of
a
cents
50
53,980/
500,471
profits taxes, est—t3,859,300
Corp.—-Payment of 25 Cents"
Sept. 30,
on
Sept.
vision
Authorized^...
,
4,550,000.
$3,044,741.
, $7.93.
amounting to $497,022 for depreciation and - amor-'
tization of emergency
facilities/ and $296,056 for depreciation and'
amortization of, other. plant,.,property and. equipment are. included in
Note-r-Provisions
.
.
.
• •
•
•
In the calculation
made
possible
■'.'/:/! '
9 Mos«End. Sept. 30—
Total ..income-^V-—L;c'
Expenses
7-
(
-
on
Profit
debentures——
!„Li^..:!;
of/these asset figures no pro¬
Federal
the' company's
on
■'•
for
.
;
>
'
■ 7
:1943
holdings
:'./t/'
'.
■.
and
$75,811) ;•
State taxation. on
of securities as of
:"/:':
,'
:1942
•
$66,562
33,393>
31,950
17,889
''
.$10,469L
7
7
31,950
'
$'16,722'
'
1940
$55,821
1941
$63,480
18.315
'
19,914
'
3j,950 »'•
$13,215
$2,936
: •
'
.'148,236'
*238,047
"9,575
"17.016
Dr13,000,
Net.profit.for" period!• ! $145,705$3,640
"$293
":';*Loss/> ••'
/'■« ;*•■/:•
/../;' '•
Balance Sheet/As of Sept. 30,- 1943
-/Assets—Cash/(incl,. $13,47$
<T
•
"
on
.*$235,111
.
"'•■■■
^
deposit for matured debenture in¬
receivable,
$8,421;
at quoted market value,: $2,690,444;
terest, ...$53,326;/ accrued ..interest. and, dividends
ownedfRco.st $2,407,189)
prepaid expenses,
$1}275? tptah $2,753,465;)
/ LiabiHties—Collateral loans payable
•
r
.
'
SMos. End. Sept. 30—
Federal-
income
taxes),,
interest),
-
and
$14,255;
■
.expenses
accrued
-(including
$13,475
Federal income tax,
Sept. 30,
$0.1?
;
1943
$2,262,282;
consfcructiph
total, $3,829,592.
./■■
.
in
progress,
(^j^ubs^- -Earnings—
1943
->b 19:42
,,
1941-
"Net
profit."—-..$425,602
$41'1,268
Earnings per share • on
\" ; '■•
' 7 <H-: .•>•..:
common
stpek—• , $0.84 V,"
$0.81
.
excess
in
:'/!
1940
$391,448
$494,610
,
•
$0.7?
•$0.99 '
depreciation, amortization, Federal income 'taxes' and Federal
profits taxes of $407,239
1941.
The
'
in 1943,'$335,099 in 1942 and $360,320
'
net
current
and previous periods include pro¬
portion of the earnings. (whether declared or not) of. those companies
50%
profits
more*
dividends
for
than
50^
of the voting stock is Owned, but only the
from? Fibreboard
received
of the voting stock,
Products,
Inc.,
in
which
exactly
is owned.—V, 158, p. 1282.
'
(J. C.) Penney Co.—Extra Dividend,of $2—7
v-;„
7 -
The
directors' on Nov. 30 declared an extra dividend of $2 per^
share in addition to the usual quarterly dividend of 75 cents per share"
on
the outstanding common stock, no par value, both' payable Dec.
24
.to
made
holders
record
-of
Dec.
9.
A
similar
distribution
extra
was
Dec.-24, last year, and on Dec. 27, 1941.—V. 158, p. 1941.
on
•L
•
•
.
•
'
m
.•
Pennsylva)iia-Ceniral Airlines^-Earnings—
Earnings for 9 Months Ended Sept. 30, 1943
Operating revenues
Operating expenses
$2,887,406
——
'
2,348,019
Operating Income befofe taxes and reserves,_„,J!_—$539,387
Net' income
Operating
matured
$13,000;.
/
—
income
260,013
for the three months ended Sept.
these three months being the most
30,
1943,
profitable
forRhe year to date largely because of the return by the Army of an
additional airplane for use in commercial service.
L
Net
working capital totalled $2,508,430 as of Sept. 30, 1943, as
compared with $2,077,476 on Dec. 31, 1942.
In the same nine-month
period, the ratio of cash to current liabilities increased from 0.42 ,to
LOO to 1.43 to 1.00, it was announced, and the ratio of current assets to
amounted
to
$288,088,
'
current liabilities from 2.71 to
;
of
•- •
(qiloted market value of-, securi¬
ties pledged,
$123,250),' $60,000;**due-for 'securities- bought but not
received, ,$53;250; sundry accounts payable, accrued taxes (other than
debenture
$111,481
•
32,971
profit from^ sales of;
securities
$0.31
payable, $157,729; long-term debt, amount due
within one year,
$99,519; accrued wages, $12,540; accrued Interest,
$1,734; accrued excise tax, $101,727; accrued local, State and miscelslaneous
taxes,
$26,897;
deposits on sales contracts, $96,286; other
current
liabilities, $2,072; long-term debt,
$574,439;
common
stock
($1 par),. $881,907; capital surplus, $1,397,481;'earned surplus, $477,190; total, $3,829,592.—V. 158, p. 1673.
:•)
7,
76,630
"Applicable to operations at fixed prices and - expenditures- under cost-,
plus-fixed-fee contracts, tAfter deducting post-war refund of $406,7,00;
•
been
unrealized
profits
Sept. 30, 194.3.,
'
qpsts and expenses for 1943.-
Report—
1942.
30; 1942. *:
has
$274,762
Liabilities—Accounts
or
After deducting the outstanding debentures at, par,
the net assets per share of
outstapding capital stock were eouivjilent
to $12,42, as compared with $6.58 ori Dec; 31; 1942, and with $5,69
on
$63,165
$0.07
"
Consolidated Balance Sheet,
and
depletion
of
$3,652,996),
$142,895; other assets, $11,631;
assets' of
"(on 'cost)
Prov, for Fed. inc. taxes-
'
Net profit —1—-,
——
.
$1,249,535
Earnings, per share on class *A and B stocks— \/ $3.12
net
com.
Paraffine Companies, Inc.
share
per
stock,
securities
taxes!——iL.L'_LL- $5,108,835 : $7,594,741*
excess
17,443
1,063.261
the' company;' as of Sept. 30, .1943, based on
market; quotations, ' before ■
deducting
the
outstanding
debentures,
amounted to $2,605,085/ equivalent" to $3,057.61 per $1,000 of deben¬
tures, ; as compared with $2,039.85 oh Dec. 31, 1942, and With'$1,942.85
Net
440,101
428,608
stock tax, state franchise taxes, etc—
Adjust, of prior year's amort, of emerg. facil,..
Interest paid .and sundry other,, deductions,, net
Fed. cap.
■Profit .before, income
39,883
1,320,576
income...
Int.
1942
'
i,-.662,557
Administrative
Federal income
$32,195
1,832
13,355
in/which
Earnings, Years Ended July 31
■
1940
$36,389
Overseas Securities Co., Inc.—Quarterly
.
,
1942
$115,473
54,435
.
,
1941
1943
$161,727
90,109
:
.
stock,
Eoara and is secured
by assignmenis of the proceeds of certain-of the company's production*
contracts.
On July 31, 1943, $14,500,000 of this credit was in use in
the form of ,a loan maturing. Sept, 1, 1944, and as of the same date
the .backlog of unfilled orders amounted to $133,065,747.
;~
i
.
As of July :31; 1943.,,the
net worth (stockholders', equity) ,of the
company was; $5,026,718 conipared with $2,901,658 on July 31*. 1942.
This represents, a net book value of $12.56 for each share; of stock
putstanaing on July 31, 1943, compared with $7,55 on July 31, 1942; .
•1
.
railway....
oper.
no
accr.
per
Assets—Cash, $231,765; U. S< Treasury; certificates of indebtedness*
$56,139; notes and accounts receivable/ less reserve, $410,183; inven¬
tories,
$548,172;
investments,, at cost,
$109,129;
.deferred
charges,
$57,395; property, plant and equipment (less reserves for depreciation
Ry.—Earnings-
A dividend of " 25 cents. per share has been declared on the common
payable "Dec., 23 to holders of record Dec. 10.
The previous
payment was 10. cents on June 30, 1941.—V. 158, p. 2051, ,,
h
36,914
'<■
so-called "Regulation, V" of the Federal Reserv^
.
Net inc.
Earns,
$1,630,910. $1,193,919
January 1—
from
2,761,799
2,992,177
1,403,974
Company In August, 1942, obtained a' revolving credit -in the maxi¬
amount of $17,000,000 from a group of banks headed by the
National Bank, New York.
This loan was arranged under the,
•
Airways Corp.—Brazilian
do
•"After
Chase
Net sales
155,576
12,566
57,127.
mum
••'
$240,464
payable Dec. 11 to holders of, record
Nov. 30.
This compares with 25 cents paid on Aug. 2, last, 50 , cents
on, Dec. 18, 1942, and 25..cents on May ,26, 1942.—V. 158, p. 677<
; - ,
"Deficit.—V. 158, p. 1736.
'
Panair
Oliver United Filters, Inc.—Class "B" Dividend—
1940
;
:
Omnibus
"L Northrop Aircraft,
.
$6,524,269
3,463,427
155,576
railway!—
"Deficit.—V.
.
from
from
ry.
Pan American
-.
_
....
oper.
ry.
From
Gross
.The
1941,
1942
;
railway..—.
from
.254,904
"
;
,
From Jan. 1—
Net
$6,979,719
3,481,885
p. 1,769.
from
ry.
Ret ,ry. oper. income..^,*33,365
Net
1073.
,
:
from
Net
$617,780
from
$529,590
289,126
$259,990
;
October—
Gross
Net
1943
$498,515
22,740
Net
$2,105,789 $27,719,209 $25,039,647
694,030
9,842,888
7,993,805
3,364,274
3,287,570
278,757
f 2,422,602
f 2,3941527
: ; 603,411 \
1,499(5Q0 : 1,628,500
3,638,300
3,182,900
Oklahoma City-Ada-Atoka
Although substantial
.V,/:.."/
-
Gross from
1943—12 Mos.—1942
$11,905,628
....
158, p.
Offer Stock—
/
$551,491
231,500
stock.
;i-
contracts during the fiscal
"
-
/
■'f-jV; ,158,;
the
^Northwestern Pacific RR.~ -EarningsOctober—
—;L
deducts..
pfd.
on
•.
Balance
"
bank loans outstanding.
The corporation has no
158, p. 2193.
*
,
year ended June 30, 1943, these were subsequently paid; and-the con¬
tracts are now financed by advance payments received from the- Army.
•
626,745 •-
income
Divs.
-.//'////'/
approved
bank borrowings were made to finance war
—V.
taxes-
income
Gross
management's proposal
to increase the company's authorized capital stock from 300,000 shares,
to 600,000 shares and authorized the directors to issue unissued com¬
mon shares at prices and terms to be fixed by the board.
Croil Hunter. President, explained that future developments in the
company's business, to be reasonably anticipated, will require sub¬
stockholders
stantial
280,676
profits taxes..
exc.
.
Increase in Capital Stock—
The
Total
-V.
Total
inventory, obsolescence, $70,000; common stock
$1,359,200;:paid-in surplus, $41,799; earned
for, possible
surplus, $1,427,690; total, $7,828,934.
;
864,975
1,023,144
U. ,S. Government contracts
on
(234,920
$2,323,887
General
year,
$517,000; unliquidated
(less amounts applied against
unreimbursed costs of $3,786,723), $844,968; deferred income, $25,327;
reserve
;•,-'L;;/•.•;/■
1943—Month—1942
tl.iL
revenue
Operating expenses -L-'
Deprec. & Amortization
prior
for
provisions
additional
;
i
2,429,800
133,716,
4,095,216
937,816
'
Gross
Fed."
p.us-,
-
Liabilities—Loans (secured), $3,898,390; accounts payable, $'i,471;225;
hmount owing to partly owned subsidiary company, $51,229; provision
for
taxes, $549,204;, provision - for 1 dividends payable; $185,000;7 %
cumulative
preferred
stock. ($100 par), $2,000,000;
common .stock
(600,000 shares,, no par),. $2,500,000/ rest account, $5,000,Odfl;, excess
prbfits
tax :Refundable,
$32,000;
earned surplus, $3,215,010;',- total,
$18,902,057.—V. 157, p. 169.
'
'
' / /
/. -
posits—gross. $96,172; wages- and salaries^and payroll taxes, $93ff;i60;
employees'; war. bond deductions, $174,922; accrued taxes, $161,973;
Federal and State taxes on; income of the year ended June 30, 1943,
advances
v;'.
Assets—Cash,'>.$19,044';-.^accounts
.
Earned
$2,933,135
600,000
$1,28
-
13,084
12,184
,
3,000,000
$1.50 cumulative preferred stock (par $5iL!
140,000
deducting selling and general expenses. (Includes income and
profits taxes; and refundable portion of excess profits tax.-
$327,495
■»
.........
Common stock (par 10 cents)-....
.Capital" surplus:
.'Earned' surplus
600,000
"After
•
Crll,697
>
$930,849
$1,545,150
Common
Earned
7,500
dividends
dividends
Common
4,500
445,749
-930,849
600,000
'
600,000; >
Surplus, Aug. 31-
100,000
35,000
15,000
Cr7,184
$485,100-
.$614,301
beginning of year
40,322
V
250,000
/
11,500
———
income
Net
.
37,078
465,500
—
profits, taxes-
excess
Other accounts'
_■
Note payable to Chase National Barik___i.J._._LLr_..._
$5.50 cumulative conv. prior preferred stock (par, $100).
$468,120
$814,994
$1,227,178
93,692
$3,618,631
140,000
$3,673,135
140,000
600,000
140,000
Common dividend '/.L-t
•
,
.
18,622
$235,904
24,765
Federal income taxes—
83,550
19,167,
2,878,631
2,951,027t
-
'
18,787
$1;003,983
profit for, year—;
surplus,;,/u. Adjustments ——.../r
Previous
Liabilities—
Accounts payable: Securities bought and not received..
Merger expenses, estimatedv-—
,
18,912
Net
$4,337,909
25,000
.
./112,888
/, 120,285
142,654.
'
Northwest Airlines, Inc,- -Income Statement-T¬
$11,905,628
t456,172
'
2,323
execs.;
'
484,970
1582,944'
Legal expense^
Contrih.. to pension fund
"
Total
assets
totalled
1.00 to 3.64 to 1.00.
$5,043,787
Capital surplus
$636,681.—V. 158, p. 1074.
$1,019,012.
compared with
as
was
'
$1,541,744
/
current liabilities
and
earned
surplus
"
Pennsylvania Electric Co.—Preferred Stock Offered—
The Mellon Securities
Corp. and The First Boston. Corp.*
2258
THE COMMERCIAL & FINANCIAL
1942
offered to the. public Nov. 30 3,032 shares of cumulative
in
the
judgment
the
of
the
to
proceeds
the
from
company
oper.
revenues—
Total
oper.
expenses—
3,466,945
Net
oper.
revenue.—
$1,261,733
Railway
$4,728,678
2,875,935
31,388,354
•;
1
■
accruals..
622,570
income-
$639,162
$850,630
$6,459,281
$5,542,177
(net)
Dr33,343
Crl0,945
Drl96,509
Cr33,712
(net)
Drl04,604
£>r76,007
Dr829,194
Dr552,362
income.
$501,215
$785,567.
$5,433,577
$5,023,527
645,991
485,447
facil.
Net
ry.
Other,
Outstdg.
;
;>ents
oper.
income
Total
'
Authorized
mtge.'bonds:
First
3Va%
series
Erie
60,258
________
Electric
consol.
28,792
funding
(payable
notes
serial
bonds
stock
"After
Electric
in
of
Co.
1943.
October,
shares
5.10%
of
therewith
nection
cumulative
A
series
to
cancel and
stock exchanged
the
reduce
to
retire
authorized
Ended
operating
Other income
1942
Net
Total
1
244,681
$5,937,259
1,715,163
2,843,890
—
income
excess
$3,987,704
to, holders
13
of:
record
2.
Dec.
Miscell,
1941
200,708
223,478
1,418
1,669
$1,826,078
_______
$772,958
952
-
*1,371,320
*1,552,608
752
——__.
983
______
$442,458 %
dividends
30,919
dividends
$304,949
from
sh.
233,789
131,556
1,074,361
.—
and
;
stk.
Net
RR.
and
B.
&
E.
RR.)
1943—Month—1942
ry.
110,339
..
% $0.93
$0.94
excess
profits
tax,
and
$0.96
.
1943,!;
in
Railroad
Equip.
retire.
notes,
for
at
Gross
Sept. 30, 1943
vy,. ;.-m
•
doubtful
accounts
11,760,371
(Dr)
Net
ry.
*
Gross
235,713,468
135,175,000
9,816,372
8,347,759
893,819
10,635,164
8,353,404
770,480
5,805,943
9,843,984
26,183
252,633
1,831,002
2,380,604
8,081,961
19,664,853
1943
from
railway
Net from railway—.:—
Net ry. oper. incomes
1942
%
1941
1943
Net
ry.
railway..—
railway
—_
from
1942
1941
Net
from
Net
ry.
$736,173
$556,460
$505,093
15,170
156,049
*22,109
*202,064
The
.
directors
the
*159,664
*19,785
7,871,808
6,588,821
3,281,992
1,882,577
1,158,607
*233,865
1,215,573
*129,684
*660,501
*2,035,510
*344,629
income
5,133,435
158,
1861.
p.
the
to
New
additional
stock
a
York
Stock
shares
dividend
tration
of
Dec.
10,
of
each
the
share
capital stock
shall
sum
as
soon
of
date
dividend
to
of
be
of
of
shares
issued
with
company's
such
earned
Nov. 23 declared
5-for-l
$20,
par
amounts
in April,
were
payment,
surplus
as
and
capital
shares
of
of
stock
held
capital
in
Jan. ,3
to
1
on,July
will
its
to
holders
of
Oct.
the
dividend
is
in
not
,
1,
Mos.—1942
will
be
transferred
10.—V.
be
transferred
capital
surplus
from
the
account
the
company,
of
the
estimated
which
reserve
.
guarantees
of
Philadelphia
revaluation
for
held
of
Co.
attached,
are
dividends
assets,
on
appropriation
capital
stocks
public, and other income deductions,—V.
by the
1283.
,
158,
5 ..'-b;-.''
■'% '■•
asked
about
The
directors
on
non-cumulative
$4
to holders
of
26
Nov.
2nd
declared
preferred
record Dec.
issue on Oct.
11.
a
dividend of $2 per share
stock,
no
par
1, last, and an Oct.
The
week
of
p.
electric
ended
for
output
Nov.
27,
12088,000 kwh., or
2194.
the
1943,
No Dividend
—
-
"Our
annual
October
to
the
to
any
the
of
their
was
end
for
board
to
year
pursue
a
1942
such
a
the
during
in
said
1943—To
prior preference
on
stated
reduction
policy
Nov.
30,
stock
Robert
J.
as
that
the
program
directors
in
and
that
it
funds became available,
strengthening the company's credit, which is necessary
refinancing program for the 1956 first mortgage maturities in
fact
the stockholders.
that
since October 1942 $8,461,700
par value, or 13.11%
company's first mortgage bonds, principally the 1956
maturities,
purchased, the cost of which amounted to
approximately
the aggregate net income of the
company for the year 1942 and the
first three quarters of 1943, evidences the
vigorous effort made thus
far in carrying out that
program.
of
the
on
was
made
on
been
"These
first
mortgage
substantial discounts
this
time.
bonds
which
Therefore,
the
are
makes
still
a
purchase
Total
1941 "
•
1940
$118,006
38,383
45,092
16,735
14,132
20.543
31,857
1,286,048
1,004,420
;
•
1942.
f-
$144,770
28,612
1,237,684
1,238,106%
<.
225,727
422,419
307,122
130,555
*80,592
253,853
174,008
(,/
,
and
Int.
&
% "and
1943—3 Mos.—1942
•
Est.
exps.
$2,581,312
$7,827,768
77,051
133,941
249,719
$2,049,684
$2,658,363
$7,961,710
$8,933,86C
disct.
106,572
for
840,251
Fed.
Net
profit
Earns,
taxes
''
&
ner
V:
•'
■;
1,429,200
3,739,500
4,918,400
$338,761
$502,986
$1,360,286
$1,880,161
$0.24
$0.56
$1.40
:$2.42
share..
com,
330,720
1,804,579
764,100
___
158, p.
3 21,827
2,540,097
inc.
'
prof,
122,099
604,077
>
depl.
amortization
exc.
$8,684,141
bonds
on
etc.—.___
deprec,,
State income taxes___
V
;
$16,517,411 $17,643,534 $50,937,122 $52,436,903
.'14,517,501
15,062,222
43,109,353
43,752,761
49,775
notes,
prov.
&
I.
V;
1943—9 Mos.—1942
$1,999,909
for
and
■
269,054
income
1862.
Pittsburgh & West Virginia. Ry.—Earnings—
'•••
October—<
Gross
from
Net
rv.
1943
■.
from
Net
railway..-—
1941
1940
.
$607,803
208.377
income.—
oper.
1942
"
$657,633
railway.—
$484,028
$359,391
220.360
152.463
78.781
%
147,356
158,014-
162,271
65;275
6.594,818
5,372.788
4.389,575
3,484.576
2,382,863
1,864.648
1,543.337
917,326
1,542,347
1,462,264
1,291,968
744,903
From Jan. 1—
Gross
from
Net
from
Net
r".
—V.
railway..—
railway
ineome„_
oper.
158,
1770.
p.
Plymouth Cordage Co. (& Sub.)—Earnings—
>
1 and Dec.-21,"'1942.—V.-158," p.
1^43
1942
;
$19,384,^23
$20,226,584
goods sold and sell., adm. and gen. exps.
17,585,055
17,243,866
"
500,000
;! $1,799,267
$2,482,719
Pales—less
Cost of
Amount
selling
credited
.
commissions
to
for
reserve
contingencies—
18
this
1941.'.
,:
1
Miscellaneous
debits
89,082
and
company
amounted
to
its
Total
- • ■;
subsidiaries- for
the
Crl65,544
$1,710,187
'
"Current
Net
& Iron
Pittsburgh Coke
Period End. Sept. 30—
Gross
and
sales
less
frt.,
returns
$2,648,264
$5,946,263
allow.
&
admin.
and
12,959,805
'384,118
351,019
285.342
127,295
214.945
924,160
State
than
income
income
Other
Int.
115,927
588,309
373,867
91,773
88,733
> 237,330
$180,924
$819,290
.
interest
taxes
39,862
of
Prov.
chgs..
58,469
.
251,277'
$953,829
125,513
151,213
$233,233
$239,394
$944,803
$1, 105,042
35,501
40,777
110,145
122,902
856
3,136
9,141
11,339
3,338
2,145
8,292
6,439
debt.—
—
bond
of
and
expense
Prov.
discount
—
obsolescence
for
for
&
Fed.
taxes
selling in the open market at
refunding operation impossible at
program inaugurated in October
Com.
exc.
5,000
5,000
15 00C
15,000
State
Earnings
541",207
30,000
84,935
$158,539
$103,400
605,114
605,114
outstand—
share.—
$0.21
Consolidated
Assets—Cash
receivable
(less
miscellaneous
A—i—T—L-__
surplus at
by
in
banks
reserves
Balance
and
of
end of .year——
estimated
L—t
4,740,904
$5,025,438
post-war refundable portion—for
$4,917,360
1943,
$64,%
■
Consolidated Balance Sheet, Sept.
300,000
509,89C.
*
Sheet,
$0.12
$502,224 '
$439,472'
605,-114
$0.68
,
"
605,114
$0.58
Sept. 30, 1943
on hand,
$1,174,706; accounts and notes
$87,541), $1,579,933; inventories,< $4,497,013;
cost, $1,015,445; investment in subsidiarj
investments at
30
Assets—
U.
S.
Accounts
and
notes
receivable
Land,
~
•
portion
deferred
of
excess
buildings, machinery, etc.
V
U.
S.
and
236,813
49,264
3,868,479
$16,560,126 $16,179,661
Federal,
y'-
•
$1,038,641
——
Canada
.
,
,
payable
Accrued
3,835,784
3,762,020
(net i
^
•
2,767,488
...
112,761
—
__J
Liabilities—
218,388
.profits taxes and
receivables..—
Total
1,347,032
5,578,718
charges
other
1942
$4,074,801
(net)——3.047,596
Inventories
Deferred
7
1943
$2,840,642.
1,000,000
deposits and currency..——
Govt, obligations—cost—.
Canadian
and
State
and
•
.
taxes
.;
$626,211
.
•
*
v
886,331
1,026,208
———101,473
Reserve revaluing normal inventory.
1,177,550
101,475
Dividend
——-—
per
$717,664
$176,456
%
other
prof,
profit—
shares
.
the
declared
....
Reserve
Net
1,930,600
$649,275
for 1942, $36,850.
Accounts
replacement parts.-
inc. taxes &
1.060,912
year—$108,077
surplus at beginning of year—4,917,360
for
Cash—demand
Fed.
——
funded
on
Other
excess
721,493
198,233
repairs
other
and
' 541,198
"Reduced
9.070,727
exp._
Depreciation & depletion
Taxes,
inc.
.
declared
Operating
200;
3,950,703
125,405
$193,371
Maint.
."•Net
$4,678,527 $15,913,01T $11,722,212
oper.
5,052,140
&
Canadian
(reserve)
profit
Operating
expenses
Selling
and
taxes
earns.,
&
sales
of
(& Subs.)—Earnings—
1943—3 Mos.—1942 ?%** 1943—9 Mos.—1942
outward
discts.,
Costs
Co.
S.
U.
profits
125,278,000
the
have
•<•
$127,645
-30,309
income
Refundable
directors
debt
1942
$125,913
income...
sales
Dividends
Amort,
the
initiated
year
of
of
interest of
"The
report
that
intention
239,933
1943
oper.
of
...
Prof, before oth.
prospects on
'
kwh., an increase'
10.7%, over the same.periodTast year.—V. 158,
Profit
Ry. Co.
following a meeting of the
Bowman, President, said:
185,514
1942.
p.
Years Ending Sept. 30—
value;? payable Dec.
similar distribution
A
Philadelphia Electric Co.—Weekly Output—
&
dividend
280,697
'
226,622
I
■
Continue Bond Purchase Program—
When
358,241
of
Philadelphia Dairy Products Co., Inc.—Preferred Div.:
,
income
158, p. 2194.
Pere Marquette
,085,122
272,961
V,'
from
Other
.
deductions
to
from
period after deducting prior dividends during said
period (all in cash)
in the aggregate.amount of
$2,847,547, or $1.50 per share, and a cash
dividend in the aggregate amount of
$949,200, or 50 cents per share,
declared on Nov. 11' and payable Dec. 20
to
holders of record on
Dec.
858,473
342,013
income...
Balance
/
operating expenses, maintenance, taxes,-appropriation for
and
depletion
reserves,
amortization, of
leaseholds,
etc.
for all interest charges, amortization of debt dis¬
count and expense, appropriation to reserve for-' payments, (mgde to
others) on obligations of street railway companies payable under leases
were
excess
Cost
record
last.
25%' stock
and
$45,197,822 $41,775,514 $60,026,652 $55,777,382
13,161,554
12,664,142-'17,608,570:'16,719,911
5,701,154
5,749,913% 7,884,9937,533,043
revenue____
stock
during the nine-months'
$4,925,000, approximately $2.59 per
share on the stock now
outstanding, so that.the $949,200 to be trans¬
ferred from earned surplus to
capital and capital surplus with respect
the
1,043,855
402,038
1,
dividend of 25 cents per "share
a
payable
disbursed
"After
dend.
to
5,054
*2,163
:
33,104
::
.
there
there
account
estimated
earnings of
ending Sept."30, 1943,
V.
1940
$89;295
18,538
<
Period End. Sept. 30—
Net sales
1943,
income
tAfter
regis¬
of $930,216, or $49 for each share of the
capital stock so issued,
making a total of $50 per share to be transferred from earned sur¬
plus to capital and capital surplus in connection with such stock divi¬
The
r,
41,456
25,003
•
$2,100,000; accounts,, payable
$242,747;':accrued: taxes, $284,-\
sum
period
1941
$104,840
23,471
Pittsburgh Steel Co. (& Subs.)—Earnings—
f;-,:
stock
revenues—
oper.
tNet
as
stockholders
share
one
number
to
thereafter
(exclusive
,
stock
1942
$114,032
%
1,242,035
railway__„
railway.^
158. p.
—V.
p.
company's earned surplus account to its capital stock account the
of $18,984, or $1 for each share of
capital" stock issued in con¬
nection
banks,
"J
listing of 18,984
are
effective)
the'total
making
(or
which
l/100th
the, record
on
applied for 1,917,554.
Upon payment of the
the
20
the
become
rate\of
the
(par $1),
on^Dec.
shares
at
held
treasury),
Exchange has authorized
payable
such
record
for
to
'•
split-up and the payment of a
the company paid quarterly cash dividends o,
$1.50 per share on the $100 par value common stock.—V. 158, p. 1537
dividend
subsidiaries
Pepsi-Cola Co.—Listing of Additional Stock—
The
payable
stock,
Like
to
'
■./ -'V, \
/.
retirement
railway
"Deficit.—V.
,
on
common
21.
Prior
*175,047
10,857,347
railway——
oper.
..
on
"Net
January 1—
from
—V.
(The) Pfdudler Co., Rochester, N. Y.—25-Cent Div.—
Operating
1940
$792,516
income—
oper.
From
Gross
receivable,
Philadelphia Co. (& Subs.)—Earnings—
Period End. Sept. 30—
1943—9 Mos.—1942 '•V"-1943-^-12
Pennsylvania-Reading Seashore Lines—Earningsfrom
6,190,022
51,354
i_
sundry
Dec,
'■>.
from
Net
of
accounts payable, $281,561; estimated Federal income and
profits taxes (less U. S. Treasury notes,, tax series C, of $1,296,000), $1,491,195; reserve for insurance; $281,309;. reserve for post-war
and other contingencies, $250,000; minority interest in subsidiary com¬
pany, $2,713; 4Vi % cumulative preferred stock '.(par >■ $100), $2,910,000;
common
stock
(441,354 shares, no par), :$7,798,534; * capital surplus,
$58,200; earned surplus, $7,672,432; total, $26,270,810.^—V. 158, p. 1074.
1940
"
October—
6,027,585
$146,243
railway.—.
Net from railway—
Net ry. oper.
income___
excess
$86,444,592 $82,264,406 $59,805,386 $46,203,130
28,217,520
34,241,224
16,594,457
13,726,613
8,111,155
19,687,934
7,980,606
8,525,026
railway— 815,699,058 691,505,861 506,114,467 393,392,681
railway—— 269,905,186 235,763,900 144,550,991 113,929,229
Net TV. oper, income— 106,780,022 116,143,614
81,791,327
68,276,167
—V. 158, p. 2194.
Gross
834,818
income.'..
oper.
ry.
Prov.
from
Net
407,511
From Jan. 1—
'
.
<
From January 1—
Gross
504;
106,765,908 115,948,518
Earnings of Company Only
.
$3,544,751
_
from
Gross
:$125,018), $3,881,786;
$21,469;, due (from employees anc
$2,906,616; accrued salaries and wages,
90,839,199
893,817
112,429
income.
oper,
October—
discounts
$196,746;, total, $26,279,810. '
(Dr)
(bal.)
rents
and
accounts
82,402,707 817,244,782 692,795,887
$
17,427,000
1,227,887
1,330,537
Jt. fac. rents (bal.)
$3,637,757
1943
railway
from
Net
;
on hand, $2,766,971;.U. S. Treasury bonds
$679,000; accounts and (notes receivable (lest
cost,
48,166,734 547,215,394 457,082,419
$
34,235,973 270,029,388
taxes-
taxes.
railway__"__!';,,
oper.
ry.
Net
Consolidated Balance Sheet,
•
tax
miscellaneous
1943—10 Mos.—1942
$
28,205,997
Unemploy. insur. taxes.-
56,609
$381,475
October—
post-wai
$250,000; for
86,595,029
Railway taxes
$3,601,360
35,905
Pittsburg Shawmut & Northern
RR.—Earnings-
$1.16
•.
58,389,032
opers.
$3,673,662
3,388
$323,307
—
"Deficit.—V. 158,
contingencies.
Liabilities—Notes
ry.
$384,863
railway.^
from
Net
agents,V $16,157;
inventories, $8,515,084;
investments
and' advances,
$844,492; capital assets at cost (less reserve for depreciation of $9,155,910-), $8,526,758; goodwill,
$831,347; deferred'^charges.', to operations,
$
fr.
1,957,535
3,424
From January 1—
from raijway____%
(no
—1
reserve
rev.
1,765,981
441,-
on
com.
other
and
Pennsylvania RR. Regional System—Earnings—
Net
186,289
$326,731
Gross
$313,640^;. $400,72C
$300,245 .';;
99,948
131,716
2051.
p.
from
Net
' $511,059
110,339
$5,558,895
charges—
profits
158,
Net
(
.110,339
$5,439,643
for
charges-
income
Gross
31(875 ?'
110,339
13,575
$571,152
October—
•
<;
$423,978
20,490
$426,679
_
Pittsburg & Shawmut RR.—Earnings-
$773,91C
9.18C
' *849,294 ;/• *253,134
■:%%%', 675 ;v-:;.v 536
-%'V4,497^
2,410
<•
Assets—Cash in banks and
.
4,601,170
$5,427,179
"Incl. Federal income &
—V.
$1,998,459 £ $1,278,443
7,800
$446,206
"Includes
/
Railway oper. revenues.
Railway oper. expenses-
5,204,990
$5,241,659
'197,984
—
available
fixed
Net
;■
197,072
$1,276,774
10,932
par)
158, p. 2194.
I.
495,886
$557,577
-1940
>
$1,997,041
Surplus
1,066,210
125,020
218,226
______
1,223,163
(Excludes L.
522,024
deductions—__
Income
•
?
per
Mos,—1942
$406,189
income.
oper.
Dec.
on
■
ry.
Total
1942
$1,815,146
___.
profit
Common
624,549
Total income
V
;
.
1943
235,857
taxes
Preferred
$3,093,369
1,796,683
—.
J
Period End. Oct. 31—
accruals—
Other income
share on the
per
paid on June 28, last, , 35 cents
July 9, 1942.—V. 157, p. 2256.
(net)
354 shs.
—.
profits—
Other
—V.
tax
Equip, and joint facility
rents, Cr
.1943—10
$3,112,914 $29,550,357 $28,430,525
2,051,415
21,480,433
19,718,529
999,808
8,033,255
7,885,987
*
income
State
cents
35
cents
on
Co.—Earnings—
Minority interest
provision for taxes:
Federal
Dec.
of
196,114
$5,702,867
—,
income
Federal
dividend
a
payable
25
Sept. 30—
income
Earns,
"Includes
with
income
Interest
$5,741,145
$5,458,186
——_______
——A————_____
income
2,468,261
,
$19,434,107 $18,106,178
13,975,921
12,365,033
.
from
$2,976,975
expenses.——
*Ry.
$534,771 '• $3,427,475 s?; $2,688,550
sales.—$22,149,048 $20,144;858 $14,952,842?, $9,466,843
Costs and expenses!—
20,098,045
17,924,339
13,475,359*. 8,496,812
Net
Deductions
$1,
par
Operating profit
1943
——_
revenues—
oper.
excess
taxes——:
income
Gross
291,610
Depreciation
Sept. 30—■
revenues——
2,525,033
1943—Month—1942
>
oper,
Ry,
56,783
2,694,219
Net
Federal
Net
267,668
Period Ended Oct. 31-
fixed
Other
Months
stock,
compares
Pet Milk
Earnings For 12 Months Ended Sept. 3d
12
58,282
Pittsburgh & Lake Erie RR.—Earnings—
$5,508,974
69,422
2194.
p.
3 Mos. End.
of
shares
of
treasury, at cost, Dr$173,287; total, $19,256,958,—V. 158, p. 2194.
Ry.
$258,738
1942, and 25 cents
28,
preferred stock to 216,000.
Operating revenues
♦Total operating expenses and
6,067
debt
on
158,
This
the
number
5,588
income
capital
6,900,000
entire 34,000
redeemed and in con¬
or
68,779
■
■
proposes
$6,079,568
5,854
The directors have declared
effect
Note—Company
$814,360
(The) Permutit Co.—To Pay 35-Cent Dividend—
500,000
•
to a donation to the company by Associated
$3,058,600 par value of common stock of the company
giving
in
I
i—u M
Net
par)—T_—-——1,347,070 sh. "26,277,180
($20
r
■mil',
74,000
•'
500,000
250,000 sh.
69,000 sh.
series B ($100 par)
4.40%
—V.
74,000
final
$50,000 s.-a.,
payment due Aug. 27, 1948).
—___U_—
preferred stock——-
Cumulative
Common
Net
(non.-"
1980
———-V.
—
,
5,536
___
equipment
946,000
.
n,.
$561,473
deductions
Interest
1959 (non——$946,000
—
gold
mtge.
callable)
2Vzrk
bonds
—
—
-
.
p
of $255,000), $101,835; first
mortgage bond sinking fund payments due
year, $181,281; funded, and long term debt, $3,005,719; reserve for
relining blast furnaces and kilns, $38,106; $5 preferred stock (24,752
shares, no par) stated at $2,329,523; common stock (621,460
shares,
no par)
stated at $6,124,444;. earned surplus, $4,195,555;
capital stock
in
for leased roads &
Rent
(assumed);
gold
intge.
callable)
6%
Co.
income
Miscell.
.
series 1972—Unlimited $32,500,000
—Unlimited
4,000,000
1973——
County
6%
3%%
Amount
$554,939;
Liabilities—Accounts payable, ore, $1,331,756; accounts
payable, other
trade, $658,631; notes payable bank, $600,000; accrued liabilities, $684,724; other current liabilities, $178,672; provision for 1942 and 1943
Federal and State income taxes (less U. S.
Treasury notes, tax series C
$9,458,074
3,915,897
ipwidmiiiu
!
\
$14,881,763; less reserves for depreciation and
of $5,384,536), $9,497,228; mineral
deposits, at cost (less
depletion of $44,191), $38,267; deferred charges,
for
total, $19,256,958.
26,469,077
$1,496,442 $14,487,938
645,812
8,028,657
Capitalization After Financing
,
1943—10 Mos.—1942
$4,37-2,376 $45,876,292 $35,927,151
tax
Joint
v-'.
Sharpsville), at cost,
amortization
reserve
1943—Month—1942
Total
applied toward the redemption on or about Dec. 31,
share plus accrued dividends of all shares of
stock not exchanged.
at
Earnings For October and Year to Date
the shares will be
1943, at $108.75
5.10% series A
of
sale
companies, $107,537; land (other than at Sharpsville) 'at cost, $791,890;buildiugs, machinery, equipment, emergency facilities, etc, (other than
"
Operating
Equip. rents
per
Monday, December 6, 1943
directors, be continued until the
Therefore, no dividends will be
re-established,
Period End. Oct. 31—
outstanding.
The
must,
company's credit is
declared this year."
preferred stock, 4.40% Series B ($100 par), at $108.75 a
share, plus accrued dividends.
The offering consists of shares not taken up by hold¬
ers
of the 5.10% Series A preferred stock under the
company's recent exchange plan. At the close of the ex¬
change period, Nov. 27 acceptances of the company's
offer had been received from holders of 30,968 shares of
5.10% stock, or approximately 91% of the 34,000 shares
CHRONI.CLE
for
Capital
stock
contingencies.._—•_<
(par $1001
Capital stock—employees' special (par $10)
,
Capital
surplus
Operating
surplus
156,
—
500,000
6,727,800
.35,370,
37,220
1,065,824
1,065,837'
5,025,438
.
4,917,360
—U— $16,560,126 $16,179,661
Total
—V.
,
—
—
1,177,550
500.000
6,729,500
.
—
p.
2229.
Pittston
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4235
Volume 158
Co.
fixed
of $2.50 on Class B
Initial Dividend
—
declared
have
directors
The
at
dividend
a
$3
of
share
per
the
on
and an initial dividend of $2.50 per share on
stock, both payable Dec. 20 to holders of record
initial distribution of $2.50 per share'was made on the
class A preference stock,
the
class B preference
Dec;
10.
class
A
An
V.
July
on
together with the
which this stock is
to dividends at the
cumulative from.May 26, 1943,r-r
last,
1,
which,
amounts to $5.50, the amount to
The class B preference stock is entitled
dividend,
entitled.
.rate
stock
preference
current
of
$5
158,
share
per
per
annum,,
1942.
p.
'
.
; •,
;■
\
Plymouth Oil Co.—Suit Dismissed—
that
$833,146
involving
extended
nearly
over
20
as
was
39 Weeks Ended—
Oct. 2,'43
■
employees
Provision for excess
taxes (normal and surtax)
workmen's
by the Pennsylvania Supreme Court. The latter tribunal
lower Court.—V. 158, p. 492, .
sub.
on
Net
ry,
633,805
Gross
$5,008,075
Porto Rico Power Co., Ltd.—Bonds;
Called—
;•
'*$389,853
of
the
Porto
outstanding
the" holder.—V. 158, p.:,1382.;y;
at the option-of
Toronto,,Canada,
Potomac Electric Power
Co.—Earnings—
•
Total
operating
30—
1943—Month—1942
>! >$
$
Period Ended Sept. 30—
Revenues and income:
Chgs. for .transport.U
OJ.her.revs. and inc,™
,
29,686,576
'
294,613
272,447
120,332
199,594
93,252
30,800,619
18,192,894
3,281,559
22,419,252
12,856,244
11,358,106
4,505,731
2,556,974
2,121,328
railway—_
railway™-—.
income—
directors
the
on
like
A
operating
revenue—
Non-operating revenue
income
Gioss
Net
income
Net
$4,946,064
■Cartridge
1942.—V. 157, p. 2156.
6,460
$4,952,524
1,056,245
; 29,988,732
Ano.nilrln"
-* '
1COOQ IT A
Operating*, expensesi—— ,.16,228,114
$4,996,260
982,415
—„™
1,106,849
,
Period End.
"Net
1
share
$793,600;
1942,
funded
■
Procter
etc.
—™
$4,589,992
■ '■ v:,
Total
10,015,995
113,480,128
72,201,446
Net,
Linton,' President,
'scale
of
the
company
-
:
$3,890,734 '$3,582,858 $33,877,409 $31,757,695
-
facil.V rents
Joint
(net); 28,746
)%Net M ,oper.Cincomes
1942.
12,554,724
*$1,641,191
$2,172,537 $14,858,838 $17,478,186
Dividend—
The directors
declared
have
holders of record Dec.
v.,
dividend
a
7 V2
of
cents
per
share
as
?
directors on Nov. 26 declared a semi-annual 'dividend of 10
share oxivithe original and cashable stocks, payable Dec. 15,
to • holders'--of record Dec.: 1.
This compares with 8 cents .paid on
June 15, last, 8V2 cents on Dec. 15, 1.942, and 8 cents on June 15, 1942.
—V. 157, p. 2051.
T!':';
National
Chase
Bank
of ' the
City
of
New
follows:
Similar distributions
15:
'i4'last';
158, p.
has
income
* 67,995
;
3,171,569
2,f)68.995
672,354
402,772
209,213
496,782
231,931
"66,153
railway—™
oper.
San Antonio Uvalde & Gulf
Gross
ry.
1942
1941
1940
$257,077
to
$169,738
41,390
$123,000
$100,723
"236
•"
1,496,519
,164,052
"241,775
"31,869
Interest
been
Amort,
registrar for the common stock
"
1;,1-.";/A;;
Trust Co. of New York has been appointed transfer
agent for the common stock.—V. 158, p. 2194.
■;;
-•':.and
Guaranty
of
if:.
•
:
•»
1863.
p.
Net
ry.
1940
■
9 Months Ended Sept.
Net
r):
of
and
sales
$61,801
$40,033
Net
from
15,955
19,230
Net
ry.
11,205
14,129
10,967
—V.
1,325
1,325
1,178
292
945
$23,464
$29,447
,1,325
inc.'tax_
463
;;
;
1941
1940
$1,181,352
695,737
236,649
$694,848
$56*5,117
225,323
189,794
159,500
138,052
9,972,635
4,669,902
6,335,495
5,847,075
2,163,019
1,859,966
2,288,731
,
income—
.
2,777,230
1,523,116
1,277,331
$1,365,092
671,020
191,543
railway.—
railway——
income
oper.
158,
' '
1942.
p.
St. Louis-San Francisco Ry.—Earnings—
233
■'A^ity -<■' trahsacfiohs!!!!!"'
"68,312
379,355.,
for
Federal
taxes
377,481
*
431,864
^—-
1,635,.129
$354,250
$625,041
$6.32
$11.15.
$0-93
$1.76 >
Pulp production of 26,986 tons in the third quarter of 1943 compared
.With 25,698 tons in the second quarter, and with 41,638 tons' in the
Third ;quarter of 1942. -" '•^:ft v
Net sales and other revenue totaling $1,657,351 in the third quarter
of 1943 were in comparison with $1,571,875 in the second quarter, and
$2,336,873 in the "third'quarter of 1942.
—. V;
"'."''V; A •"
y-'"'
-Net profit after Federal tax provisions amounted to $117,652 in the third quarter of 1943,"$126;052 in the second quarter, and $170,214 in
the third quarter of 1942.—V. 158, p. 1942.
-;7 ."'A''
i'.:T
i'."Net
Net
profit ■ !'_™__--™'-:
profit per share; Preferred
stock
~ Common
.
;•
stock-i--™-™
.
;
'■
"
3.42:
9,166
18,197
"10,576
>
1940 C:
1941
1942
1943
$9,168,928
Gross from railway-— $10,008,360
Net from railway™-™.-"
3,011,089
Net ry. oper. income—
1,857,475
From January 1—^ .
Gross from railway
:
88,706,286
Net from railway
:
30,911,471
Net
y;'
73,865,;.'.128* 169
75,860> 127,256
'■
1942
January 1—
from
16,746
$11,740
$4,536,316 ,. $7,09.1,608
;; 3,370,847:
4,453,956
other expense_»__:.—--
Depreciation
Provision
1942.. ,
■
revenue^^™-*;™!-^™-™!;
other
sales, and
Cost
30—
production, .tons —
^™
^
-:
sales,:- t,ons™-_v-™--^._^™--.r-.--.-—r--*''■■'
Pulp
Pulp
"305,973
13,683,052
7,268,071
railway
railway—
oper.
From
$53,032
--i!--™!!'.
Net profitsfrom - secur-
Co.—Earnings—
v!..f' -Vi. -1943:
1,001,769
"2,891
discount
debt
Net1 income
Puget Sound Pulp & Timber
76,484
"244,895
1,154,819
:::;'
;
1943
,
October-
/
-
'
■
.
from
from
11,205
expense-
Prov. for' Fed.
158,
562,873.''
28,769
"36,264
,
,
St. Louis Brownsville & Mexico Ry.- -Earnings-
$42,654
bqnds_^!_!-.:
on
2,235,134
"6,281
1,418
'
Gross
i'U
.
income—s
oper.
Net
1941
;;1942
*
railway
railway-,*----?•
October—
and
,
1.
from
"Deficit.—V.
•
48.447
"7,906
:
income—^
oper.
Net ry.
'
1943
railway
railway
From January 1—
Gross
RR.—Earnings
1943
from
from
17,921
Interest
25,773
"18,, 108
25,303
62,504
3,578,468
Payments on the common stock in 1942 were
and July 1, Oct. 1 and Dec. 28, five
Expenses
appointed
■'The
divs.
from
1940
$309,671
41,535
3,902,632
ry.
qjade on April 1,
were
1178.
9 Mos. Ended-Sept. 30—
Income
1941
$335,220
81,061
92,287
from
Net
April'l',%T2y2 cents;
each.—V.
1942
$392,467
$457,721"
railway™™
495,532
railway—-™
304,937
income—
"Deficit.—V. 158, p. 1942.
Net
Net from
Republic. Investors Fund, Inc.—EarningsSi
..
York
Earnings—
railway™-™-
from
Gross
Gross
s
The
from
Net ry. oper.
or
per
Colorado—Registrar—
Net
>
.The
Public Service Co. of
RR,
cents each were made on March 26,
15
Payments
1943
from
Gross
■Net
>
the^common-stbck;-par" $1,: and the usual quarterly dividend of
-cents per.share on the class A stock, par $1, both payable Dec. 28
cents
i
Rutland
Net
July'!'and :Oct.
cents
last.
28,
October—
$2,301,765 $16,147,885 $19,202,971
Dr94,625
968,472 Drl,432,710
Lr34,603
320,575
J9r292,075
Reed Drug Co.—7V2-Cent Common
-
Distribution—
17,729,524
1,281,093
■
^
•
dividend of 70 cents
stock, payable Dec. 21
Distributions of
Sept.
October—
—V. 158, p.
year-end
a
to holders of record
June
in 1942 were as follows: June 26,
30 cents; and Dec. 21, a year-end of 85 cents,—V. 158, p. 1942.
'
of Philadelphia-
Public Investing Co. (Phila.) —Larger
2,184,497
accruals!,'
Railway ."oper. income
$1,706,237
Equip, rents "(net)—:
36,300
has
%■;
v:; ; '.
1943—10 Mos.—1942
$9,146,235 $95,919,780 $84,734,211
5,563,377
62,042,371 52;976,S16
declared
30
.
from/railway
rev.
A
announced that the present dividend
158,
will remain in force throughout 1944.
A.
'
Nov.
on
From January 1—
operations
.
y:;'vV;
Dividends Unchanged—
rji."'oper'./ expenses.^-'' '5,526,260
Railway' tax
1941 Figure was after provision of Federal excess profits;,
tax of $2,600,000 and Federal income tax of $3.100,000.—V. 158, p. 1771, >
Provident Mutual Life Insurance Co.
$9,416,994
revenues
oper.
including a provision fo*
the six months: 1943,
158, p. 584.
for
1941, $345,992,—V.
the capital
share on
and
28
v
.
after
taxes
net
profits
are
excess
$372,141;
directors
Dec. 10.
158,
r;>■'V V
,
ry.
Total'
426,500. vThe
1862.'.' ■'
12,567,104
revenue
$0.61
(The) Ruberoid Co.—Year-End Div. of 70 Cents—
The
$0.69 *
•Corp.... tExclusive of earnings of English and Canadian subsidiaries
flln arriving at this figure provision has been made for Federal.'income
tax of $3,475,000
(1942, $3,600,000) and net, excess profits tax,, $1,-
',M,
%
'
"Excluding earnings of Procter & Gamble Defense Corp. and earn¬
ings of English -and . Canadian companies except as they have been
made available in this country in U. S. Funds.
tExcluding English,
Canadian and Japanese companies,
and .Procter & Gamble, Defense
p.
58,525
Reading Co.—Earnings—
Period End.::Oct;3i— ';': Vl9;43—Month—1942
v
-
'
2196.
p.
HS5.153.397 $4,515,649 . $6,974,604
Earnings per, share on A r •'•!:
% - ■{ ■,;
„ •, •'
common
stock —$0.78
$0.68
$1.07
taxes,
•
142,174
per
VV;: A!A :■:
after
Federal
depreciation,
4,612
$1940
11941
"1942
"1943
Sept. 30—
profit
853,598
4,734
>
,
,,..\v*Payments .to iail and other carriers—express -privileges.—V,
'& Gamble Co. (& Subs.)—Earnings-
figures
6,942,143
890,484
—
"Rail transport,
.;
3 Mos. End.
9,102,501
95,843
$4,013,844
$3,896,279
$4,132,307
158, p. 1770.
Consol," net
819,670
;
•'
$117,518
,$1,.58
.
above
•
1SH
1,088,683
:
U™ AC!
debt
Hen
$301,043
$0.27
depreciation and all charges, including provision for Federal
.
; ■ •
■■ ;
„* ; ■
.
"After
normal'and
1 A1
1943—6 Mos.—1942
$51,620
$0.92
taxes.
110 nCfl COO
'
1943—3 Mos.—1942
$175,129
'''"
estimated
12,042,742 133,069,633 101,759,157
States
Vice-President.—V. 158,
-Earnings—
Sept. 30—
22,978,862 256,684,920 181,814,869
10 HA O 1A 1
Official—
named Executive
".'
'-..V','.;
been
profit
Earnings per
$
'i i f' 100,097
Interest and discount on*
Other deductions
_—
'
.vluncsir
Express taxes
$5,239,156
_;™_™™__™..
has
Co.,
1538.
p.
1943—9 Mos.—1942
4) of 60 cents per
(No.
disbursed
Rome Cable Corp.-
$
7,839,597
2,022,860
763,933
payable Dec. 21 to holders of record Dec.
on June 21, last,
and on July 20
stock,
was
22,746,649 254,020,460 179,652,641
232,213
2,664,460
2,162,228
302,156
tr.Total
$4,990,596
,
5,664
charges
interest
—V.
$5,214,205
24,951
.™™
24 declared a dividend
Nov.
on
common
amount
Note—The
Net
%
,
A. R. Kelso, formerly Assistant General Manager of the United
.
Railway Express Agency, Inc. (& Subs.)—Earnings—
,
revenue™-.™-—-.
income—,
Rock-Ola Mfg. Corp.—New
ptire'ment.—V. 158, p. 1382.il ;
;■
$750,477
433,374
and Dec. 21,
The provision for excess profits taxes
gives effeet,to extensive;and non-recurring unused excess profits credit
adjustments, arid to;, the. statutory credit against such excess profit?
taxes'resulting from debt
1943
1942
1941:
$22,249,837 $20,231,317 $17,971,322
Operating expenses: 10,289,348
9,087,354
8,058,678
Taxes,-other than income taxes™-™.-- >1,622,387
1,529,937 > ' 1,411:567:
Provision for income taxes^--.^y,t : ; 2.885,612
: 2,546,339
1,453,896
Provision for depreciation™
;
2,238,282
2,121,621
2,056,583
Ended Sept.
Months
--12
14.
return,, basis.
tax
individual
1941
$1,181,453
'1,534,715
158, p. 1771.
share
: :
; v.; Notfr-^-The .provision for. Federal income taxes for 1943 approximates
jthe, consolidated tax return liability on a 42% basis, whereas the 1942
income-taxes (calculated at 40% ) cover the aggregate liability on an
Rico Rys. Co., Ltd., 5% .50-year, re¬
funding general mortgage bonds dated May 1, 1912, have been called
for redemption as of Dec. 10 at 105 and interest. -Payment4will be
made at the Montreal Trust Co.
in London, England, or • Montreal
All
-™
"Deficit.*.
1942
$2,635,416
oper.
The
•'..■Net: profit
1940
1943
Riverside Metal Co.—60-Cent Distribution-
affirms the second dismissal by the
now
stock
(par
$1)
$1,513,768; total.
Fredericksburg & Potomac RR.—Earnings
from
from
ry.
39,389
Federal
$3,143,544
1,703,584
oper.
Net
—V.
for
railway---—
Net
1,0~50~357
39,143
$10,000;
common
earned surplus,
claims,
railway™—
From Jan. 1—
968,513
*'$350,464
stocks—,-—
co.
provision
profits taxes (less U. S. tax notes, at cost, $317,000),
for contingencies,
general, ($265,776; reserve for
compensation
from
from
5;047,217
$13,156;
purchases,
bond
war
October—
720,000
profits taxes
payable, trade and
accrued wages, taxes, in¬
accounts
$200;
$290,000; capital surplus, $965,939;
$4,293,837.—V. 158, p. 1075.
Net
4,180,000
,
Balance,- surplus
Dividends
for
reserves
$2,302,211
operations™—.:
studio write-offs
from
Provision for income
-.
:
to
$135,500;
Oct. 3,'42
$11,914,106
and reserves™
Depreciation --„-™:_-:™™ri-l-™™-™—-966,889
Provision for conting'. and post-war adjust.—™
1,000,000
Profit
$537,500;
deposit,
withholding taxes payable, $39,045; unclaimed dividends, $621; liability
income and excess
Richmond
,
payable,
customers'
$251,455;
terest, etc., $213,091; payroll taxes, $57,786; property taxes and Federal
,,
Extraordinary
•'
or
Liabilities—Notes
sundry,
Gross
on the grounds that it was illegally acquired
by the
This suit was dismissed and last March. Sara F. Ebberts,
a stockholder, filed another suit attacking the payment of counsel fees
and costs by the oil company in the first suit.
■ '<!'-.>« iy.; ■, ^
The: lower Court twice dismissed the Ebberts suit, but was? reversed
,
$1,443,087; emergency facilities (less amortization of $35,697), $189,928;
patents, trademarks and goodwill, at nominal value,
$1;
deferred
charges, $216,425; total, $4,293,837.
Radio-Keith-Orpheum Corp. (& Subs.)—Earnings—
promoters/
the first time
when the cost of milling oats, was 56 cents
1942,
counsel fees
years
stock
jpahy's
March,
85 cents,
dividends."—V. 158, p. 1382.
and costs in a .case
concluded on Nov, 22 by a
decision of the Pennsylvania Supreme Court affirming dismissal of a
suit attacking paymeht of these fees and costs by a lower Court.1
The
suit
was
brought against Plymouth Oil- Co. and individual
organizers and promoters in 1925 to have the Allegheny County Court
of Common Pleas cancel certificates for 700,000 shares of the com*Litigation
of
as
bushel.. At the present time milling oats are difficult to obtain
Chicago base. In spite of our continuing efforts to obtain
relief, we have been unable to secure an adjustment of prices up to
the present time.
Similar conditions, not quite so extreme, apply to
other grains and products.'
"The effect of taxes on earnings is illustrated by the fact that in
1940, shortly before the last change in the dividend rate, the ordinary
corporation tax rate was 24%, whereas the present corresponding rate
is 40%.
This-difference in the ordinary rate increases the tax charge
relative to prewar base earnings by an amount which figures more
than $1 per share on the common stock.
The excess profits tax rate,
applicable to any earnings above the prewar base, is now 90% before
post-war credit, which leaves very little profit out of which to pay
per
Preferred Stock—
2259
4,147,463
$4,633,318
$5 706,105
1
1,369,943
914,724
3,607,650
1 ,597,855
1,113,874
68,673,145
48, 669,841
37,831,199
23,995,843
13, 633,251
6,567,462
19,867,537
10, 425,554
3,616,557
.
:
profits v
%Net Tncome &
>
."Loss.- *»:>■
'T
:
'
Balance
•
.)
■
' ;•
t
!
$47,644
$12,888
;"$56,572
$17,501
'
-,
,
Sheet, Sept. 30, 1943
■
•
'
■
in banks
(held by custodian),* $95,999; dividends anc"
receivable,; $2,733; due for common shares sold but not de¬
.;. accounts
receivable, $65; U. S. Treasury short term
obligations owned, at cost, $100,469; marketable securities owned, at
cost
(at. current market quotations, $1,247,180), $1,400,683; prepaid
expenses, $1,295; debt discount and expense, $11,191; office furniture
Assets—Cash
158,
19,188,102
income™1862.
oper.
ry.
—V.
p.
interest
livered,.
St. Louis San Francisco & Texas Ry.- -Earnings—
$858;
Net
and
fixtures,
$1;
V"T
$1,613,293.
total,
Liabilities—^Due -for
not received, $40,008;
due for'capitalshares purchased but not received, $3,803;
accrued
taxes, interest and-expenses, $5,293; dividend payable (preferred stock)
$2,382; due for. redemption of scrip certificates and fractions of-shares.
$957; .collateral secured;4 V2 % convertible bonds, series A, due Feb. 1
1950> $332,00Q; ,6% j preferred stock, series A, convertible ($10 par)
$47,070; ;6% preferred stock, < series B ($10 par), .$111,740; common
stock "($1.par),,- $263,795; capital surplus, $1,247,744; earned surplus.
Dr$441,499; - total, $1,613,293,—V. 158, p. 294.
"■'
securities
ry.
purchased but
21,229
3,060
"27,351
2,740,836
1,303,034
1,557,850
1,111,415
1,768,936
474,261
120,699
851,836
913,183
127,301
"202,274
95,732
income—
1—
32,847
railway—
3,484,835
oper.
1940
$103,032
$169,354
$265,123
railway™„™
from
1941
$359,716
'205,172
147,476
railway-
railway™—-
from
Net
,nT942
1943
October—
Gross
55,447
>
From January
from
Gross
.
from
Net
ry. oper. income™!
"Deficit.—V. 158, p. 1863.
Net
.
Ry,—Earnings-
Seaboard Air Line
.
Pullman,
'
Inc.—Further .Dividend of $1-
have declared a regular dividend of 50 cents; per
further dividend of $1 per share on the common stock,
The 'directors
share
and
a
payable Dec.MS to* holders-of-record Novy 29.
Distributions
cents each were made on-March 15, June 15 and;Sept. 15, last.-f
In * addition
to four' regular' quarterly- payments of 25 cents
both
during 1942-*-the->corapany paid in that, year extra
follows: On Sept: 15/ 75 cents; and on Dec. 15, $1.25.—V.
made
!
A dividend (of 50
Period—
cents per share has been declared on the common
$10, payable Dec. 15 to holders of record.Nov. ;30. -Thif
compares with distributions of 20 cehts each made on June 15 and -'?
Sept. ,15, this -year.
■: >-.! ■>*,
Payments at-the same rates were made on the same dates last year,
—V. 157, p. 1949.
1942
$5,892,770
Gross
8,133,341
5,154,175
7,139,086
4,673.88:
$784,450
-,.
$738,595
from
ry.
—V.
Federai!taxes.:—™_i£:_
"The favorable
outlined
volume
in
our
with
conditions, from the standpoint of volume of
last
business,v
annual report still continue. However, this, large
inventories of grains and supplies at present
necessary
in the employment of our cash working capital.
Possible
further
increases in the price level of commodities will
require additional cash.
"From
an
earnings standpoint, we are still subject 'to the price
ceiling difficulties indicated in the last annual report.
For example
the prices which we are permitted to charge for oat packages were
.prices,
has resulted
_
(est.)
531,083
558,400
37,857,870
35,361,258
1,338,767
1,964,752
39,138,433
railway.
-
income
2Q86.
24,360,868
1,307,735
2,768,002
51,053,772
28,490,689
income
Dividends
'
Surplus
,
General—Year-End Dividend
$1,387,670
$995,926
85,210
64,465
4,084
16,821
151,575
150,120
165,50C
year-end dividend of 5 cents per share has been declared on
common stock, payable Dec,
15. to holders of record Dec. 1.—V.
85,425
174,794
119.50C
p.
134,601
119,655
$509,981
Cr55,888
172,835
Cr3,259
$337,236
$803,885
Securities Corporation
A
1284.
.,
.■
.
Schenley Distillers
$337,236
$731,385
290.000
290,000
290,000
$1.22
$1.16
$2.77
$1.76
1942
.
Corp.—New Mark In War Alcohol
and 1943 amounting
and
delivery to Government
agencies of a record outputs
approximately 68,400,000 proof gallons of alcohol for war purposes
the fiscal year ended Aug. 31, 1943, is reported by corporation irx
the
$509,981
290,000
"After, deducting post-war refunds for
Production
•in
$208,947
share™
the
158,
Output—Speeds Penicillin Work—
of
72,500
145,000
—
.->™™
per
6,649,200
•
3,218
Cr2,668
Shs. cap/stock outstadg.
Earnings
,
10,657
$353,947
(net)
—.
paid
-
160,000
.
erty^ taxes,.- etc. i—
Net. profit
909,329
2,726,783
Real est.,'personal prop-''
Other
1940
$4,182,007
,021,197
>
oper,
158, p.
'
,760,922
"262,513
.
'
Quaker Oats Co.—Smaller Common Dividend—
\
The company on Nov. 19 announced that the directors have declared
a
quarterly dividend of 75 cents per share on the common stock,, no
par value,
payable Dec, 24 to holders of record Dec. 1. Previously,
the company paid quarterly dividend of $1 per share.
R. Douglas Stuart, President, said in a letter to stockholders: ..
income-™
railway™— 114,151,340
from
Net
1941
1942
$10,276,731.
4,574,909
2,440,641
2,440,641
-
84.428
Operating .profit
Depreciation
taxes
Sep. 30, '4C
$8,526,756 1 $5,669,809
Net
Interest'.;'A.^™_2„2_™_ ■-!
Excess prof,
1941
oper.
From January 1—
-
expenses :}.!_™_2-__-_
,
1943
sr
!-
Cost, sell,admin. & genv
ry.
9 Mos. End,
Sept. 30
$8,917,791
;
-
Sales ,;(net).
each,?:
dividends1 as.158, p. 2195. t
stock,ipar
*
-Years Ended
railway™—
from
Net
Reynolds Spring Co.—Earnings-
!
of; 50
Manufacturing Co.—50-Cent Dividend—
Pyrene
•
Net
4,871,417
railway™ •T $11,240,211
from
Gross
'
1943
October—
annual statement.
The-
also
company
developed
a
method
for
mass
production
of
penicillin and took important constructive steps to diversify the com¬
pany's business, according to the report signed by Lewis S. RosenstieJ,
Chairman, and Lester E. Jacobi, President.
The statement added that
tc
'
$29,987.
.
>
the
Balance Sheet, Sept. 30, 1943
„
Assets—Cash,
certificate of indebtedness,
series
E-1944, and accrued interest, $100,036; accounts receivable (less reserve
of $12,486), $807,023; advances to salesmen, branch plant manager, etc..
$3,248;
$24,936;
chinery
$379,838;
U.
S.
inventories, $1,075,673; cash surrender value of life insurance,
other assets, $52,742; land and improvements, buildings, ma¬
and
equipment
(less
reserve
for
depreciation
company
additional
of
$967,444).
strengthened
security
for
its
its position
employees.
for the future and provided
report points out-that approximately $400,000 of the net profit
after taxes was derived from deliveries of war materials, and expressed
the
belief that the net profit of $9,235,750 cannot be substantially
The
affected by any
Federal
fiscal year
renegotiation of contracts for delivery of war materials.
excess profits and capital stock taxes in the latest
income,
amounted to $23,749,596,
equivalent to almost $19 a commoa
2260
THE COMMERCIAL & FINANCIAL CHRONICLE
share,
in
compared
the previous
years
that
the
ago,
inventories
asserted
with $7,982,068,
had followed a policy of seeking to create
whiskies through longer
aging,
the report
still feel the policy of improving the com¬
superior
the
Balance
share,
common
a
organization, coincident with repeal ten
its
from
company
of
that
equivalent to $6.33
fiscal year.
Emphasizing
directors
report
render
accrued
major contributions to the war effort, the
report states that at present all of the company's grain distilleries,
located in five states, are producing war materials.
"The greatest raw
material crisis of the war,
that involving rubber, would never have
been successfully met, .It is now apparent, without the distilling facil¬
ities of the grain beverage distillers of the country," the report states,
adding that alcohol is the principal raw material used in producing
Buna
S synthetic rubber,
besides being vital in the production of
smoke'cs
powder
and a long list of other war materials.
Since
Schenley's acquisition of the Roma Wine Co., Inc., it is reported, a
unit at Fresno.
Cadf., has been converted through the use of the
the company's
.
packed
to
column
production
the
of
alcohol
war
1943
(H.)
.
tion
the
of
Production
sold under the
such
thereof
Payment
Another
Board."
of Soludri,
name
The
*
as
have
be
made
will
Sons,
Inc.,
Chicago,
-
includes
\
heretofore
at
the
been
100
retired)' at
the
the
said,
report
retirement
for
plan,
benefits.
become
retirement
a
certain
under
salary
no
Vessel
of
extra
American
St.,
National
Chicago,
Corp. above.—V. 157,
dividend
cents
per
60
payable Dec.
cents
of
share
15
to
share
per
■
Bank
r
was
life
income,
25
cents
have
been
holders
July
on
other
or
circumstances
deductions of
The entire expense
at
any
earlier
an
Account
for
age
There
age.
is assumed by Schenley and all employees
two years
Years
Ended
of service.
capital
counts,
of
etc.
Aug.
Co..
Fed.
Gross
of
15,
share
per
declared
record
last,
and
1941
$,
$
Divs.
stock
year-end
Dec.
18,
This
3.
cents
compares
Dec.
on
15,
1942,
121,992,349
($10
Exchange.—V.
dividend
40 cents.—V.
54,095,612
32,981,921
26,602,021
3 Mos. End.
Net
has
par)
of
50
158,
Total
income
20,008,215
17,697,661
16,042,724
13,864,434
been
from
suspended
Interest
Prov.
15,284,261
568,368
10,559,297
468,102
5,961,778
403,743
:
35,092,245
15,352,629
11,027,399
6,365,521
1,139,913
824,632
714,755
inc.
and
for
Fed.
inc.
cents
share
per
has
been
declared
123,749,596
§7,982,069
2,724,615
•
profit
ferred
1941
$80,940
6,730,641
7,478,152
4,392,763
Earnings
'toss
stk.
629,941
1,260,000
and
1,260,000
$3.65
excess
$2,210,000),
941,875
$164,433
752,263
78,489
807,969
63,258
$232,543
$2,451
$418,573
profits
$4.63
post-war
1943,
tax
$19,896,000.
1,260,000
(less
in
1942
estimated
§Includes
$2.73
and $76,427
retirement
debt
{Appropriation for
adlustments.
1,260,000
$5.20
$43,071
for
deore"iation
amounted
Nil
$1.44
$0.29
276,237
shares
of
stock,
common
for
reserve
con¬
profits
excess
$921,160
in
of
$3,831,694), $1,605,518; patents subject to amortization, $8,662; cash
deposited v/ith trustees for redemption of Corona Typewriter Co. pre¬
ferred stock, $111; prepaid expenses and deferred
charges, $251,678;
goodwill, trade marks and formulae, $947,965; post-war credit, excess
395,308
395,013
1,461,607
738,376
$95,864
$1,258,220
$979,260
21,711
$60,499
18,126
227,695
298,425
$74,152
$42,372
$1,030,524
$680,834
34,358
412,296
412,296
—_
34,358
-
i"
1943
taxes—
bank
and
hand
on
certificates
"■Notes and accounts
S.
—
of
tax
savings
notes,
income
and
Co.
1943,
$175,-
profits taxes- (less U. S. Treas¬
plus interest
excess
preferred
capital surplus,
—V.
profits
stock,
$583,250;
reserve
$100;
for redemption of Corona
for
reserve
branch
earned surplus,. $3,493,045;
158, p. 1477.
office
income
;
-
.
total,
$13,412,262
V
-
•'
Consolidated
1,756,113
600,000
Bank
the
of
Y.—V.
N.
158,
of New
City
"Includes:
.,/
period Ended Oct. 31-
156,000
Operating
751,608
Provision
—
Total
1,712,349
17,619,388
1
Gross
York,
trustee,
11
Broad
St.,
New
"Total
122,502,347 116,026,602
for
Fed.
1943—12 Mos.—1942
$618,062
$543,157
$7,046,002
381,530
262,355
3,643,700
43,446
41,652
525,774
464,183
716,066
107,135
120,992
200,483
625,826
199,952
770,757
617,495
expenses
■
deprec.—
taxes—
Federal
income
taxes..
profits
exc.
taxes
preferred stock.
15,587,900
stock
and
Sundry taxes payable and
conting.
sinking
sinking fund
income,
taxes
income
Gross
Net
accrued
accrued-^—
post-war adjustments
fund debentures
debentures
due
profits
excess
within
and
'
2,684.703
'
690,852
1,200,000
—V.
158,
for
reserve
depreciation
^Represented by
secured
notes
1.120
of
in
1943
$7,985,699
shares
of
and
in
5C
40,862,112
June
2MOO,636
In
—
$550,000
1943
an(j
preferred
in
1942.
$5,895,335
stock
at
in
—V.
([Un¬
158,
24
Direct
income
General
oper.
1943—12 Mos.—1942
1941—9 Mos.—1940
interest
income-
$997.P11
$1,440,030
and
per
$49,220
$365,404
$357,627
both payable Dec. 21
of
payments
30,
to
This
the
40
to holders of record Dec.
cents
$936,769
$864,544
for
each
were-made
7.
Reg¬
March
on
on
158, p.
dividends
Dec.
22
37V2
that
of
of
year
cents
paid
each
——
84,275
Gas
Co.
Only)
1943'
—
1942
$12,658,793 $11,699,020
10,118.677
9,259,861
$2,540,113
"
—
$2,439,159
233,878
366,446
$2,773,994
$2,805,605
—
————'
other
-
deductions.—
593,680
559,734
$2,180,313
State
income
income
$2,245,871
taxes
90.000
75,579
1,218,965
taxes
1,208,000
profits taxes (net)—
104,000
1383.
All
of the
Co.—Redemption of Bonds—
-
outstanding 10-year 33A%
158,
October—
Gross
secured bonds due July 1,
1946
1944 at 101 and interest
company,
165
Broadway.
2087.
p.
from
Net
ry.
Dec.
on
the
1.
399,954
315.623
294,790
company
404,176
344,901
the
$323,043
_J
$374,481
$266,963
$224,854
*146,500
"150,000
*101,500
51,534
$176,543
$224,481
$165,463
$J73.32C
42,541
42,384
25.382
24,057
62.410
116,858
sh. com. stk.
*"*1,50^
/ hvoii Hvo
1942 and $24,200 in
$0.86
p*
$1.17
nrf-w
1941
113.663
for
"f
JS** 5Q0
profits tax.
$1.0C
in
income—
1941
•
1940
$37,341,0.99 $23,930,680 $17,480,293
16,577,992
8,495,131
6,343,068
3,613,227
10,103,470
5,884,395
4,378,952
railway— 384,197,332
296,064,001
191,304,770
144,270,197
railway—— 148,696,758
117,223,511
65,123,420
39,683,813
59,580,350
41,547,727
19,661,284
January 1—
from
ry.
income—
oper.
r,
:
49,943,015
Earnings
.
Period End. Oct. 31—
of
Transportation
System
1943—Month—1942
1943—10 Mos.—1942
■
$
Ry.
Ry,
oper.
revenues—
,
oper,
$
50,763,401
$
$
'
*'
■
33,4*20,926
17,342,475
expenses.
47,630,354 493,855,691 376,707,762
25,518,004 289,385,940 221,465,808
Federal
22,112,350 204,469,750
State,
taxes
1943,
468,558
5,336,055
4,320,184
468,603
5,780,317
4,320,168
—
city
1,027,482
—
taxes
ry.
901,201
8,293,510
taxes
(net)
Drl,902,313
rents
oper.
(net).
9.861.878
89,893.683
42,263,018
139,032
'
,
63,479
Drl,850,883£>rl8,910.771Drl5,278,171
Drl28,556
income.
11,843,692
4,859,730
6,014
11,275
rents
fa'cil.
Net
597,811
647,288
and
county
Federal
155,241,955
taxes.
taxes-
retire,
4,734,239
Drl32,314 Drl,247,524
13,425,047
Dr984,299
71,318,673
78,150,756
Reduces European Loan—
The
filed
has
company
principal
Central
amount
Pacific
Co.,
of Oct. 31.
as
over-counter
that
notice
a
its
of
RR.
35-year
due
it
European
March
has
retired
loan
bonds
$2,352,000
1911
of
of
leaving $42,253,156 out¬
The major part of the retirement was through
transactions
in
1946,
1,
in
London
francs,
it
wa-s
said,—V, 158,
p. 2087.
Southern Ry.— •Earnings—
October—
railway..
Net from railway
ry.
.
1942
1943
from
Income.
oper.
1941
1940
$20,602,112
$20,011,735
,—
8,705,280
9,603,978
4,714,416
...
2,828,292
4,295,069
2,710,532
2,656,699
203,252,265
165,590,286
114,466.189
86,294,509
95,385,847
71,533,014
42,713,901
25,705,994
30,161,400
32,814,375
26,699,260
16,119,529
—
$13,527.523'$10,206,264
3,739,666
will
redeem
Guy A.
the
will have
271,409
railway..
Net from railway
Net ry. oper. Income.
Lines—To
on
Huguelet,
will
be
equipment
no
common
an
paid
extra
of
Dec.
28
all
Redeem
President,
taken
its
Equip¬
equipment
announced
from
treasury
on
obliga¬
Nov.
cash..
30,
The
funded
obligations
debt
shares.—W.
158,
or
p.
mow
senior
to
stock
be
eliminated
ranking
ahead
the
1927,
1935
has
and
L.
Fitts,
been
...
Period—
Wk. End. Nov. 21
1943
Gross
—V.
earnings—
158,
p.
who .has
elected
been
President.
associated
He
has
Vice-President and Treasurer since
July 1,
the
1943
1942
$
$
$
■'
6,421,113 292,762,850 241,564,905
2196.
Period End Sept, 30—
revenue.....
Operating
expenses
—
Taxes
income
"Federal
taxes..
profs,
ex,
{Charges in lieu
tax
Other
1943—12 Mos,
$2,467,163 $10,012,748
1,396,192
1,095,043
-.1942
$9,241,064
4,988,981
4,389,106
operating
income
229,520
898,502
878,442
270,700
298,125
957,205
1,006,492
387,300
153,657
926,390
383,31.0
of inc.
and excess prof, taxes
Net
1943—3 Mos.—1942
$2,969,836
240,610
Federal
of
with
been
this
company
since
Vice-President
since
1937.—V.
158, p.
income
——
38,030
31,120
167,746
$652,788
'
$675,034
$2,210,550
$2,415,968
2,413
Dr240
3,190
Drl0,505
$677,448
$652,548
$2,213,740
$2,405,462
(net)
income
Int. and other deducts..
Net
Pref.
stock
206,804
211,750
801.215
829,074
$470,643
income:
$440,793
$1,412,524
$1,576,389
dividends..
93,750
93,750
375,000
375,000
$376,893
$347,048
$1,037,524
81,201,389
1863.
Southern Colorado Power Co.—Bonds Called—
of
1942
6,410,790
Balance
All
Jan, 1 to Nov. 21
1943.
Southern Advance Bag & Paper Co., Inc.—New Pres.
Robert
„
Southwestern Gas & Electric Co.—Earnings—
Greyhound
redemption
With
from
1538.
111,788
$0.90
re^U^d
excess
1942
$39,594,937
12,256,321
from
Net
railway
railway——
oper.
From
Gross
Net
1943
from
Net
26,
equipment certificates totaled $693,000 face amount at
latest'report. '•
The company on July
1, last, eliminated its entire first preferred
stock partly through conversion into common
shares and partly through
cash redemption.
All the 5,000 second preferred shares were redeemed
665,594
dividends
per
Natural
expenses and taxes—
excess
Operating
outstanding,
181..3°8
dividends
$38,000 in
81,409
1,321,750
111,650
———
$
quarterly
company
share.—V.
corporation
493,442
...
income
(Southern
last.
four
Southeastern
charges-
Federal taxes.
Preferred
Income
——
and
158, p.
Gross
$1.90—
ment Liens—
expenses-
Profit
C-vmmon
112.500
1,301.540
_
income
Gross
for
661,692
$2,399,890
taxes——
have been called for redemption as of Jan.
1,
Payment will be made at the office of the
New York, N. Y.
See also V.
Net
Sept.
1942,
$2.12%
Funds
Securities Acceptance Corp.—Earnings—
disct.,
$25,
addition
tions
>
insurance
of
Southern Pacific
Gross
1943.
p.
ular. quarterly
1942.
cost.
payable to banks under bank credit agreement.—-V.
Period End. Sept. 30—
171,438
tAfter
1771.
Earned
$536,842
171,438
$529,065
14,286
$18,454
—
par
during
$596,000
$63,506
14,286
directors have declared ah extra dividend of $1.90
per share
the regular quarterly dividend of 40 cents
per share on the capital
and
stock,
46,718,566
J_ 122,502,347 116,026,602
of
reserves
654,240
South Penn Oil Co.—Extra Dividend of
6,299,816
—
Total
"After
—
From Jan. 1—
3,132,135
——
$1,183,306
652,378
The
8,196,062
14,750,000
—
:
[
$1,189,22a
54,649
preferred stock
on
Balance
1,200,000
stock
—
—
$118,156
53,210
deducts.
income
Divs.
13.800,000
26,079,519
^Treasury stock
Net
$85,951
$32,740
other
and
1,000,000
^
surnlus
Earned surplus
220,727
12,600,000
year—
cap.
6,300,000
1,087,576
liabs.__
and
payable, (non-current)
Capital
—
taxes—
revenues—
income
Federal
$5,775,467
7,592,769
214,334
and
accrued '
!Notes
16,214.900
6,300,000
8,582,318
*
accept, pay.
payable
income
Gross
Int.
Federal
663,541
$2,622,066
—
.—
profits taxes (net),—
operating
Net earnings
Joint
Co.—Earnings-
1943—Month—1942
revenues
General
liabilities—
for
income
income
excess
operating
standing
10-year 4%
$3,061,582
12 Months Ended Sept. 30—
Total
Equip,
63,361,252
,
Reserve
State
Federal
Federal
Miscellaneous
South Carolina Power
30,669,891
—
Dividends
201,833
$3,285,607
income
Net rev. from ry. oper.
1675.
p.
—
156,000
1
1,040,126
Prepaid expenses and deferred charges
2.495,138
{Land, buildings, machinerv,"equipment, etc.—
19,914,761
Brands, trademarks, goodwill, etc
———^ ■
1
Common
net
Unemploy. insur.
corporation has called for redemption as of Jan. 1, 1944, a total
$1,500,000 of its 18-year 27/a% sinking fund debentures due July
1955, at 100 and interest.
Payment will be made at the Chase
73,782,439
Aeco^nts
$2,859,748
164,215
—
[
—^
fir'
The
receivable—15.096,503
—
1,
Insurance, $50,168; reserve for unrealized losses on foreign exchange,
$68,541; reserve for post-war contingencies, $100,000; $6 cumulative
preferred
(no
par),
$949,593; common stock (no par),. $3,541,191*
York,
9,417,380
———
investments
excess
due Nov.
of $1,326,875), $1,462,755; accrued
taxes, $2,597; accrued taxes anc
expenses, other, $560,142; coupon book and inspection contract liability
National
1942
$
indebtedness—-
securities
Miscellaneous
$3,121,393
——
Earnings For October and Year to Date
Government, $325,000; serial debentures,
000; accrued Federal income and
1,
Aug. 31
Inventories
Marketable
1942
$14,169,778 $13,129,442
11,048,386
10,269,694
—
and
expenses
tax
$
Govt,
722,567
(& Subs.)—Earnings—
Sept. 30—
—
(est.), $217,887; total, $13,412,252.
Liabilities—Accounts payable, trade, $520,245; accounts payable, other.
dividends payable, $157,181; renegotiation refund payable tc
1941, $1,-
1943
Earns,
576,834
210,999
deducts.
income
Federal
hand, $3,747,419; marketable securities.
on
accounts and notes receivable, .trade (less reserve for unof
$136,792), $1,040,917;
accounts receivable, other
(less
$856,714; inventories,: $4,457,107; non-current receivables and
Investments, $60,365; plant and equipment (less reserve for depreciation
of
Consolidated Balance Sheet,
Net
610,904
200,112
,
Sept. 30, 1943
Socony-Vacuum Oil Co., Inc.—Debentures Called—
to
Assets—
1
761.936
$101,175
$0.77
share..—
$174,820; serial debentures, $1,217,000;
130,145 in 1942 and $1,515,985 in 1943.
Prov.
2,031,235
62,261
collectibles
post-war refund of $105,000), $4,470,000.
Note—Provision
&
$5,443,287
2,659,025
earnings
Other
—
per
Typewriter
"barges of $75,636 in
^Includes
of
925,925
1,259,881
shares
per
1941.
891,654
2,519,762
_
out¬
($5 par)—__
tingencies
p.
1943—12 Mos.—1942
excess
income
foreign
859.535
stock
other
—Earnings—
and
revenues
"Includes:
ury
pre¬
stock
com.
1943,
1940
$1,226,542
$31,735;
9,235,750
...
cum.
common
of
standing
4%
other
O
,
1942
$984,807
Assets—Cash in banks and
1,258,003
1,000,000
——
Ca'-h dividends declared:
5 ¥z r'c
15,
$7,147,002
.
Interest and other deductions-——
on
for¬
Consolidated Balance Sheet,
U.
On
$100,
par
distribution
Sept.
at
as
account
on
stock,
similar
172,931
-
operating
Other
on
»
'. *'
1943
taxes
and
and
profits tax
taxes—,—
tAppropriation
Net
share
per
A
-
Fed.
stock
eap.
34,087,396
1,004,849
—1,108,899
charges
for
5
$1
30.
$506,691
247,227
-—.
12 Months Ended
Net
dealings
$217,918;
inc.
—
27,
158, p. 2086.
1477-
p.
Sept. 30—
before
earns,
"On
19,826,262
distrib.,
etc.,
any
►'
preferred
profits taxes..
Operating
"Total
.
61,647,371
operations
at
Dec.
63,741
deprec.
Statement
81,473,633
95,390,328
exps—
accepted
to
2086.
p.
$606,946
income —
Interest
119,210,643
storage,
S.
of
Nov.
Arrearages
Southern Natural Gas Co.
with 40
and 40
(L. C.) Smith & Corona Typewriters, Inc. (& Subs.)—
*
Earnings—
Net
152,192,564
& gen.
Profit from
Cash
record
1943—Month—1942
on preferred stock
158, p. 2086.
—V.
year-end dividend
common
stock, both
reserve),
U.
dividend
cumulative
of
.
common
"Earnings
169,088,068
sales
be
batiks
thereon
-
share.—V. .158,
per
income
and
Net
1940
$
223,183,680
advg.,
admin.
1942
rH*2«
on
will
above
a
the
on
Dec.
60
Stock
York
profits taxes
sold—
profit
Selling,
(less
bonds
the
of
taxes..——"
exc.
Int.
479.
p.
stock, no par value, payable Dec. 8 to holders of record
Nov,
29.
Payments of 25 cents each were made on July 14 and
Oct. 20, last,
the only ones so far paid this year.
Disbursements
during 1942 were as follows: July 6, 50 cents; Oct. 16, 35 cetns; and
Subs.)
(Incl.
31
———
goods
Illinois
111.
Simmons Co.—50-Cent Distribution—
A
the
Prov.
$
vpfliTtic
Continental
interest
and
quarters.-
—
amortization
Gross
retirement income
for
kind
at the
1943
lpeo
credit
either
102
a
7%
Federal income taxes—
Simms Petroleum Co.—Suspended from Dealings—
The
the New
and medical
insurance
is made available
annuity
eligible upon completing
Income
in
the
holders
expenses
for
General
interest
Trust
&
the
mentioned
at
at
declared
on
to
$34
revenue
Provis.
July 15, 1942.—V. 158; p. 2196.
on
eign
On
above
1943,
preceding
to
Operating
and
at
made
Southern Indiana Gas & Electric Co.
Gross
Shell Union Oil Corp.—25-Cent Extra Dividend—
toward
Schenley
provisions
and
65,
Shs.
the
27,
have
15
in
amounted
benefits.
Under
•"Int.,
Dec.
Dec.
made
was
111.—Bonds
;
v
trustee, 33 No. La Salle
Midwest
An
When the projected
the report states.
Placing eifnphasis on the value of employee security, directors author¬
ized the adoption of an employees' retirement and benefit plan which
Cost
that
presentation
upon
to
directors
payable
Sensibar Transportation Co.—Liquidation—
cents
diversification of its business in
an agreement to
acquire on
or
before Dec.
15, 1943, all of the stock of Blatz Brewing Co., of
Milwaukee, Wis., at a cost of $6,000,000.
step by
field,
beverage
are
prior
Gross
by-products,.
of
&
be
.
expansion now under way is completed,' the company will have an
annual production in excess of 100,000 tons of these valuable distillery
care
Will
trustee, 231 So. La Salle St,, Chicago, 111.,
at the First National Bank of New
holder,
company
protein
the
Schoenstadt
' ■ '
need
War
announced
payment
of'accumulations
corporation has elected to redeem and pay on Dec. 5, 1943 6%
first mortgage bonds dated Dec.
5, 1925 numbered 4700 to 5377 (except
is enlarging its facilities for the production of high
distillers dried grains and vitamin-rich distillers dried solubles
The
the
Accumulated Dividend—
The
See
urgent
of
KMT-
payable
Called—
from
of penicillin for our armed forces caused us to
direct the majority of our laboratory staff to further research in this
project," they said.
"A pilot plant which is now in operation at
Lawrenceburg, Ind., is now producing penicillin by the new method,
and at the time of this report Government authorities have approved
©ur
construction of a commercial plant, which is expected to be. in
operation in February 1944.
All penicillin production is under alloca¬
"The
is
It
time
items,
successor
lin, the report continued.
Payment
option
York, New York, N. Y.
for
of
outstanding
the
was
life
on
interest.
the
Period Ended Oct.,31—
achievements of Schenley scientists during
the development of a method for mass production of penicil¬
of
Insurance
.
molasses.
One
of
payable, maturing within six months, $4,500,000;
(paid Oct. 1, 1943), $26,101; accounts payable and
$228,674; dealers' participating loss reserves, $176,945;
Reserve for credit losses,
$100,000; deferred income, $198,573; mortgage
payable, $120,000; 10-year 4'/2% convertible debentures, due Jan. 1,
1950,
$680,500; 6%
cumulative
preferred: stock
(par
$25,
$700,000;
common
stock
(par $4), $624,000;
paid-in surplus, $46,212; earned
surplus, $369,105; total, $7,770,109.—V. 158, p. 1284.
a
dividends
Britain.
Schenley
value
and
at
or,
Liabilities—Notes
present eight-year bonded period in order that the domestic industry
be placed on a parity with the industry of Canada and Great
could
Outlining
102
National Bank & Trust-Co.,
officer, $23,814; sinking fund
deposit, $367; deferred charges and prepaid expenses, $39,083; post-war
refund of excess profits
tax, $3,500; fixed assets (less reserve for depre¬
ciation of $40,784), $139,490; total,
$7,770,109.
'
'
and in the interests
received consistently
the company's 1939
be legislation lifting the
should
there
that
recommendation
a
Sept. 30, 1913
Assets—Cash in banks and on hand, $1,194,131; U. S. Government
•obligations, at cost (quoted market $2,913,500),-$2,910,000; notes re¬
ceivable, $3,448,101; accounts'receivable and automotive replacement
materials, etc., $11,487; repossessed automobiles, etc., $136; cash sur¬
through longer aging is "sound
of the
consumer
who, from year to year, has
better
products."
The statement quotes from
products
pany's
Sheet,
Monday, December 6, >1943
outstanding first mortgage gold bonds, series A, due
1947, have been called for redemption as of Dec. 27, 1943, at
"Federal
been
Income
computed
in
and
excess
accordance
profits
with
(Continued
the
taxes
since
Revenue
on page
Jan.
Act
2296)
of
i,
1942,
1942.
have
.{These
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4235
158
Stock and Bond Sales
DAILY
NOTICE—Cash and deterred delivery sales are
«»
New York Stock Exchange
WEEKLY
-
2261
YEARLY
■
disregarded In the day's range, unless they are the only transactions of the day. No account Is taken of such sales In computing the
range
for the year.
United States Government Securities on the New York Stock Exchange
Below
we
furnish
Stock Exchange
a
Home Owners' Loan and Federal Farm Mortgage Corporation
daily record of the transactions in Treasury,
during the current week.
Nov. 27
Daily Record of U. S. Bond Prices
Dec. 3
Dec. 2
Dec. 1
Nov. 39
Nov. 29
Daily
\ Low
[Close
Total sales
Total
in
100.3
100.1
100.3
100,1
100.1
100
100.3
100.1
100.3
100
100
20
7
$1,000 units
1
sales in $1,000
100.15
100.15
100.10
100.15
100.10
units—
[Close
2%s, 1952-55
Low
■
Close
Total
sales
in
$1,000 units
High
$1,000 units
2V4s, 1954-56
Low
■;
Low
Total
sales
in
■
/
[Close
i
.
$1,000 units
Close
(High
$1,000 units
2s.
Total
Low
3s, 1946-48
1947
.
Low
•
[close
[High
sales in $1,000
units.—
[Close
".v
$1,000 units
[High
2s, March 1948-50
—
3s, 1951-55
Total sales
Low
•
low
-
Close
[High
in
$1,000 units
"High
Close
2s, Dec. 1948-50
$1,000 units.--
[High
2%s, 1955-60
Total sales in $1,000 units
2s, June, 1949-51
[Close
Total
103.19
Low
[Close
2%s, 1945-47
2s,
103.19
$1,000 units
[High
[ Low
Sept.* 1949-1951
[Close
Total sales
in
$1,000 units
[High
Low
[Close
2s, Dec.,
1949-1951
Low
■
[Close
Total sales in $1,000 units—
Total
YYYY:Y',;-Y Y- [High
-j LOW
sales in $1,000
v;
units
[High
•
2%s, 1951-54
2s, March,
(Close
Total sales in
in
10
—
1948-51—
sales
103.19
$1,000 units
High
vY
Low
■
$1,000 units.
High
2 3/a s,
.
[High
[Close
Total sales in
[Close
Low
•
Low
■
,
''."v.'-'
Total sales in
1950-1952
Low
•
Close
$1,000 units
Total sales in $1,00G units
[ High
[High
—
2s,
Total
[ Hign
j Low
[Close
2%s, 1958-63
Total sales in
1950-1952
sales
in $1,000
100.14
100.14
100.16
100.14
100.14
100.16
100.14
units
2s, 1951-1953
1
—{
*
/
2s,
Low
in
in $1,000
units
1953-55
l3/4s
...
sales
In
1948—
Federal Farm
in
3
Total sales
3s, 1944-1949
in
units
[Close
Total sales
Home
Owners
Loan
1944-1952—
[Close
Total sales
(Close
—
♦Odd
NEW YORK STOCK
LOW
Monday
share
58%
58 V2
109%
*109
109%
*46
48
*46
*49
*49
50
9%
9%
*9%
*29
29
29 %
HIGH
Nov. 30
*58
*58%
*109
AND
Tuesday
Nov. 29
$ per
48
# per share
*58 Va
*109
*46
50%
9%
29
*49
9%
*28%
58%
109%
SALE
Wednesday
Dec. 2
9 per share
x57%
109
57%
109%
58%
*109
58%
109
.
48
*46
*49%
51
*49%
51
9%
9%
*28%
29
9%
9%
29
18%
18%
18 Vn
18 Vn
18%
18%
18%
19 Va
39%
40%
39%
40 V«
39%
40%
40
29
*67
5%
5%
5%
*112
120
*110
2
2
2
72
*66
5%
120
5'/a
*110
2%
2
71
5%
115
2%
*66
5%
114
2
71
5%
114
2%,
24
24%
23%
25%
23%
25%
25%
26%
24
24%
24%
25 Va
24%
25
25%
26%
38%
*39 Vo
40%
38
38
26
26
*70
72
9Va
9'%
*142%
.
144
37
38%
38%
25%
25%
X24%
24%
73
*70
73
*70
8%
142%
8%
144%
*14
14%
*14
14%
32
34%
32
34%
For
footnotes
see
page
2271.
24%
73
9
8%
8%
9
140%
143%
142
*14
32%
14%
33%
25
*70
14 %
33
sales,
transaction
of
registered bond.
RECORD
•
*66
5%
*112
2%
26
*25%
39%
24%
*70
*8%
142%
14 VB
143 %
34%
33%
14
Sales
$ per share
*58
109
*46
for
Range for Previous
59
103%
*49%
300
30
10
*29
29%
300
19%
19%
3,000
40
40%
5%
114
2%
*66
5%
114
2%
7,400
71
5%
6,600
114%
40
2%
9,800
26%
26%
26%
14,900
26
2G
39%
24%
9%144%
14
34%
*33
24%
*70
*9
*144
1,500
40%
500
24%
3,900
73
9V'a
145
4%
No par
preferred
100
Steel
600
1,900
*13%
14%
200
33%
34%
29,500
No par
Address-Mutigr
Air
Reduction
Alaska
No
No
No
Inc
Gold
5
7% Jan
6
Par
par
100
Vicksburg Ry
Juneau
—10
Min..__
$2.50 prior conv preferred-No par
No par
100
Allen Industries Inc
Chemical
*rid
4
41V4 Jan
10
Corp
Alghny Lud Stl Corp
Alleg & West Ry 6% gtd
Allied
51 Va Jan
108
Nov
9
35% Jan 23
par
Albany & Susquehanna RR
_100
Allegheny Corp—..
—,
——1
5%% pf A with $30 war
100
5%% pf A without war
100
Allied
9 per share
25
Co
Adams Express
Adams-Millis Corp—
Alabama &
26%
73
Abbott Laboratories
Acme
4,600
40%
71
Par
Abraham & Straus
51
9%
EXCHANGE
Shares
48
&
Co
Allied Mills Co Inc
1
Dye
Year
Range Since January 1
Lowest
Highest
NEW YORK STOCK
the Week
19%
19%
40%
72
MY
48
50%
Friday
Dec. 3
S per share
*46
9%
in $1,000 units—
STOCKS
Thursday
Dec. 1
48
29
lot
PRICES
40'/8
*67
[High
J Low
iy2s, 1945-1947—
(High
\ Low
$1,000 units
[High
i Low
Total sales in $1,000 units.
[Close
share
,—
[Close
-I Low
Total sales in $1,000 units..
$ per
$1,000 units—
*
3s, series A,
f High
1963-1968
in
—
$1,000 units
2%s, 1962-67
Low
•
—
Low
[Close
Nov. 27
$1,000 units.
Y[High
r High
Y Low
Saturday
[High
Low
j
(Close
Close
Total sales in
$1,000 units
Low
[High
2%s, 1952-54—
*2%
Low
Mortgage
[Close
2%s,
—-J
y4s, 1944-1964
Total sales in $1,000 units
Total sales in
104.29
—
<
2%s, 1956-58
104.29
[Close
[High
Total sales in $1,000
104.29
[ Low
$1,000 units—
—
Total sales
[High
Low
[Close
2%S, 1950-52.
2
[High
$1,000 units
.
1
*2%
100.3
[Close
2s
Total
Total sales in $1,000 units
100.3
Close
[ High
j Low
[Close
2%S, 1949-53
100.3
[High
Total sales in $1,000 units
Total sales in
100.3
100.4
Low
Total sales
Low
1948
100.3
[High
Close
2Mi8,
100.3
100.4
$1,000 units
'■
High
1945
1
100.4
Low
1951-55
Close
Total sales in $1,000 units—
2%s,
100.14
1
[Close
v.
Total sales
[High
,
2%s, 1960-65.-
100.16
[High
$1,000 units
,
Sept.,
\ Low
[Close
\
Low
(.Close
Total sales in $1,000 units—
23/4s, 1956-59
1
(High
3y8S, 1949-52
■
11
■
—
100.10
| Low
High
YY;
13
| High
•{ Low
Total sales in $1,000 units
\ Low
[Close
Total sales in
Dec. 3
100
100,1
$1,000 units
v
Dec. 2
1
2y4s, 1951-53
[High
1
Dec. 1
100
100
(High
3VaS, 1946-49
Total sales in
Nov. 30
[Close
IClose
»■
Nov. 29
Low
$1,000 units
Vis, 1944-46
Total sales in
Nov. 27
(High
[ Low
Low
[ High
j Low
Total sales in
Prices
2%s, 1967-72
[Close
Total sales in
Bond
2y2s, Dec., 1964-1969
\
$1,000 units
•
York
the New
on
Close
—
[High
3
S.
[Closs
[Close
3%S, 1946-56
bonus
(High
] Low
Total sales in
D.
Total sales in $1,000 units
[High
Total sales in
of
2%s, June, 1964-1969
Total Bales in $1,000 units
48, 1944-54
Record
Treasury
f High
Treasury
4%s, 1947-52
coupon
Figures after decimal point represent one or more 32d of a point. (See note below).
No
par
__5
———No par
25% Feb
14% Jan
38% Jan
8
8
Jan 28
67
3% Jan
7
Jan 25
Jan 11
5Va Jan
2
SVa.Jan
2
13
Jan 11
18 Va Jan 11
64
Jan 15
85
7
Jan
140 % Jan
10% Jan
16% Jan
19
9
8
4
Lowest
9 per share
63 Va Mar 12
115 Va Sep 29
52
July
3
57% Sep 18
Highest
9 per share
51%
37
May
104
Mar
113
31
May
43
Deo
Dec
Jan
Sep
5%
Apr
8'/a
NOV
18%
Jun
26%
Dec
Mar
16%
Dec
Apr
41%
Jan
69
Oct
6
1% Mar
4
Nov
3
14
25
25
25
2
26
89% July
A Jan
Apr
7
32% July 13
21%: Map 30
48% Jun
1
76 !/2 Sep
3
7% Aor
1942
48%
13
114Va Dec
3% July
32'/4 Sep
31% Sep
45% Sep
31Va July
75
May
I per share
39
10
29
ya
81
94%
Jan
Dec
Feb
%
Oct
3Va
Apr
6%
Nov
3%
Apr
6V4
Nov
9%
Jun
17
Jan
May.
22%
57 Va
Nov
73%
Feb
4
3%
Apr
7%
Dec
165
July 15
14% May 22
37% Nov 17
118%
Apr
HVa Jun
18
10
11%
149
Jan
Jan
May
12 Va
Jan
Apr
16%
Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
2262
LOW AND
Saturday
13%
13%
13%
13%
96
-
$ per
9 per share
9 per share
*93%
Nov. 30
Nov. 2!)
Nov. 27
Dec. 1
1
Dec. 3
$ per share
14
14%
13%
14%
14%
95 Va
95%
96
97
*94v4
34
34%
34%
34%
963/4
34%
18
18
33%
33 V2
32%
33%
•18%
18%
18%
18%
X17%
18%
17%
17%
17%
17%
1%
*1%
1%
1%
1%
1%
1%
1%
1%
1%
30
77%
77%
*27
*75%
78%
*27
29%
*27
31
77
*28
77,
;
30
*27
78
*761/4
78%
Par
76% July
American
Airlines
American
Bank Note
7%
7%
7%
36%
*36
7%
'
7%
81%
*9%
*23
*14%
103
91%
*14%
15
*100%
93
*20
*
9%
4%
22%
9%;
2 Va
15%
16%
3
3
40
,
*39%
66
66%
:.;v 3%
*61%
*7%
60
64
63
31
*31
3
3
2%
6 %
11%
74%
74
74%
13
13
125
8 /
8%
23%
125 %
22%
125
*34%
35
35
40%
8%
'•
8%
13
13
"
8%
>
8%
*123
:
35
42
223/4
125%
*123
35
*34%
2%
2%
8
23
22%
11%
59%
13%
13%
14.:
14
14
26
125
34%
34%
34%
2%
2%
2%
.
42%
43%
42
43 3/4
38 %
38%
38%
39%
8%
8%
83/4
*165
168
*168
s
.
12 V8
11%
12
60%
59%
60%
13%
13%
14%
13%
13%
*13%
25
25%
25%
36%
37
36%
37
37%
X37
*13%
26
14%
26
147% 147%
41
42
42
146%
*146%' 147
A'"
*14%'
x22%
27
a" 108%
>109%
*107
37%
36%
27%
154%
53
i
55
137
137%
136%
8%
.
8%
41%
■
137%
8%
41%
8%
42
42
117
117% 117%
1
5%
5%
147
22%
22%
14%
,14%
163/8
*163/4
17
27
:
27
v
27
108%
110%
26%
*26%
27%
*253/4
154 %
155%
53
53%
54
156%
53% : 54%
55
55
55%
55%
139
138
139%
138%
8%
8%
8%
41%
*116
5%
: j'
*r,4%
8%
41%
8%
84%
1108 %
v 25%
155%
52%
41%
'
42%
*116
118
5%.
88
i
*841/4
'
*116
5%
8Va '
'
42%
117%
/'
88
53A,
*84%
j55 %
27
110 Va
139
43%
:
5%
5%
5 Mi*
x65
67%
67%
4
4
4
'
*45
46%
47
5%
••V"
:
66%
v.
4
51/4
65
3%
46%
..
*45
...
5%'..
65
v,
4
1V..'
47
*19%
24 3A
25%
24%
25 Va
27
26%
26%
26
26
20
20
20
'
5%.
'
5% '
116
114
115
*9
2%
*9
10%
*2
*43%
2
,
43
44
4%.
4%
4%
*68%
70
*70
72
25
*68
*70
10%
*9
2%
2
43
*42%
4%
4%
69%
67 Va
72
*70
•
20%
:
*114
,
*9
10%
2
*2 "•
v
*42%
43%'
4%
4%-
*68%
68
*70
72
*5%
6
643/4
66
*84%
4
3%
47
*45
:
10%
*9
10%
2Va
*2
2 Va
43%
43%
4%
*9%
43%
*43%
72
72
36
36
9%
*8%
8%
8%
89%
89%
85%
89%
,:•
89%
90
*891/4
86
36%
X363A
10
*8%
105
105
4%
700
i
'*
37
8%
/<
,
12%
12%
88
88%
89 Va
89%
86
87%
85%
800
200
105
12%
110
2,700
i
10
12%
90
*85
V
105
12%
300
■9,700
72
*70
4%
900
"•'}
71
X93/8
89%
433/4
70
72
107
'i
2%
4%
8%
85%
;
69%
9%
12%
'10%
4%
*9%
*105
90
*2
69%
70
*8%
12 Va
116
85%
30
86
*84
86
*38%
39 %
*38%
39%
38%
38%
38%
*106%
108%
*106%
108%
108 %
108 Va
*107%
51%
50%
51.%
50 %
51%
82%
81%
82%
79
81%
51
*82%
24%
25%
24%
26%
28
26
27 Va
58%
58%
57
57
25%
26
"
25
107% 107%
3,700
54%
i
*55
.38%
*106
38
par
183/4 Jan
2
par
16% Jan
Rad & Stand San'y—No par
6vs Jan
preferred—
——-No
preferred———
No
52%
53
53%
80
82
82%
82
82%
<1,700
59
200
25%
25%
4,900
107%
415
103/4
10
*53
10
10
54%
59
X56
56
*113
*53
115
56%
*113
12%
6%
6%
65
67
10 Va
10%
533/4
53%
56%
115
55%
*113
103/4
*53
10%
103/4
54
56
56
57
115
*113
*53
114
■•
:
56%
115
*12%
65
13%
*12%
6%
6%
6%
66
67
66
13%
*12%
7
7
67
*66
14
7
67%
*13
*6%
136%
6
293/8 May 29
16%
Jun
9%
25
14
33
Jan
5
115
Jun
2l3/4
Oct
Nov
Feb
12
Jan
Nov
Mar
12
Oct
Mar
21%
Jan
783/i Mar
97 Vs
Jan
23
Aug
7%
17 Va July 15
17% Jan
144
Jan
15
2
Aug 31
17%
Jan
Jan
preferred
—__100
Foundries Inc
10
American Viscose Corp.————14
1293/4 Jan
2
146% July 23
Apr
143%
Jan
63/4 Jan
14
7%
Nov
33%
Dec
———100
1153/4 Jan
6%
——
Amer Type
preferred
5%
Wks & Elec„—No
Water
Am
32
'
Anaconda
2
17
56%
950
Atlas
20
5%
2
2
Sep
12% Mar
1
2
403/4 Jun
2%
103/8 Jun
10% Jun
Oct
97% July 21
61% Mar
7
94% July 22
39% Oct 20
53
Jun
83
Jan
5
20
Jan
283/a
Dec
Jan
4
108% Nov 30
813/4
Jan
100 %
Dec
44% Jan
7
2
67% July 24
27%
Jan
53
Oct
90 Va July 22
60 Va
Jun
72%
May 26
193/4
Jun
34%
Oct
16%
Jun
34
Jan
Mar
45
66
Jan
38
24% Nov 29
18 3/4 Jan
7
106
6% Jan
4%
57
52
Jan
9
113
Jan
12
123
7
21
28% Jan
5
15
No par
(The)——3
67%
180
3%
3 Ve
3%
3%
3%
3Va
3%
3%
3%
18,300
Aviation
16%
16%
16%
16%
16 Va
16%
16%
17 Va
17%
17%
xl6%
17
17,700
Baldwin Loco, Works v t c—
4%
4%
4%
5 Va
15,600
Baltimore
8%
8%
8%
8%
prior A
Corp
of Del
3% Nov
Jan
Feb
7
Jan
51
Dec
70
Jan
Apr
May
May
116
'
Jan
7
1%
Apr
4
15 Va
Apr
8
23/4
Jun
4Vs
143/4
4
6% Apr
.
-
■
9
23%
109%
43
1
85% Aug
2 3/4 Jan
Oct
Apr
111
Jun 24
Nov
Jan
Jan
463/4
Sep 28
93/a Aug
7% Jan
par
77%
Va
14 3/s
68 3/4 July 14
—No par
63/4 Jan
993/4 July
6% Sep
13
133/4 May 29
4
14
Apr
33
20
28% May 27
preferred—,———100
No par
Oct
113% Sep
Mar 16
50% Jan
-5
—50
x3%
OCt
July
11
preferred——100
3%
82
May
Jan
—_25
pref series A—100
No
4 3/4
Jan
68
Nichols—
NOV
'
72% Jan
4
Austin
Dec
8%
79
28
Jan
Atlas Tack Corp—
333/4
Apr
4
44
200
Jan
5% Mar
36% Oct 26
900
Jan
27
8
preferred
Jan
Feb
66
Feb
Jan
Powder
4V8
67%
Oct
2%
4
15% Jun
Sep
Sep
21
5
110/
Dec
40%
26
7
Oct
1% July
36
Apr
42
5
9
12%
Mar
27%
20
18
Jan
112% Mar
May
7% May
83% Sep 28
20
Dec
Jan
6 % Jan
RR——100
—1
Corp—.——.
$5
6% Sep
75
6% Jan
Refining
conv
Jan
5%
,.
107
Maris
14% Apr
19
non-cum
6%
17
116
4% Jan
W I SS Lines
conv
Jan
Jan
100
1
30
Jan
Co—.——No par
5%
24
3
preferred—_——..—100
Topeka & Santa Fe—
.100
preferred
—100
4%
Jan
Jan
7
46
29
Atlantic
Jan
50
47% Sep 23
59
Line
Jan
28%
5
30
Feb
5%
:
Apr
11
Jan
70%
76%
•'*
Jun
Jan
49
Dec
3%
34
1% Jan
Dec
Aug
22% May
7
3 Va Feb 27
92
Coast
3%
513/4
23% July 15
5
20
9Va Nov
39
38%
293/4 Apr
16% Jan
Nov
7
9
111% Jan
Jan
4.
8
7% Apr
4
Jan
116%
Apr
543/» Mar 30
11
31% Apr
preferred—.——100
Dry Goods
1
1st preferred—__—%
100
2d preferred—
100
G &
1%
79% July 21
7
Apr
Apr
108% May
May
24% Nov
Associated
5%
2
9
24
Cable——No par
$5 div
Assoc Investment
121% Aug
5
42% Jan
Anchor Hock Glass Corp__
7%
8
5
3% Nov 30
—1
——25
Copper Mining.....—.50
33/4
22
20
3% Jan
prior conv preferred
$5
120
1
493/s Sep
4
88% Nov 12
8% July 16
533% Jan
I
————100
Amer Zir-o Lead & Smelt—
123/s July
6
55% Jan
1st preferred——
No par
Woolen
——No par
$6
Preferred
Jan
3% Jan
par
American
Atlas
.
15% Oct
9
2
36%
Apr
-
Jan
200
7
Jan
29
Jan
4,500
115
148%
Jun
Aug 18
503/4
Tobacco—
3%
67
45
Apr
3
151% Aug 31
Apr
54
14
161
2
11
91
—100
-
13%
6%
14
10%
54
1
353% Jan
141% Oct
34%
Atlantic
*55
Jan
65% July 14
Atl
107%
Dec
Jan
43
2
2,200
59
14%
35%
43% Jan
5,800
25%
Feb
May
493/4
25%.
107%
63/4
24
35% May
132% May
1
1343/4
25%
24%
Nov
Apr
25%
*55
47% Apr
Oct
9%
Apr
25%
*106%
4
May
32% Mar 23
1
59%
33 V8
25
24%
18
5
17
Jan
Apr
43/4 Mar
101%
25%
1073/a
12
52%
8
633/4 July 15
25
24%
9% May
15% Apr
Jan
Jan
323/4 Aug 11
158% July 22
25
107%
165
2
25 %
25%
Jun
23
Jan
Nov
2
25%
107%
142%
Oct
6%
14
24%
24 Va
22
42% Jan
251/4
*106%
26%
Apr
16% July 14
Dec
12
Refining——100
—
Apr
Apr
33/4
144% Feb
-
.—.No par
^
No par
Co.———No par
Stove
15 V8
69% July 24
6
36% Nov
25 v
Jan/
12%
8
Jan
21% Jan
25
59%
Feb
123/4 Jan
26%
29
173
Jan
8% Jan
Feb
119
127% Jan
25
58%
54
23% Mar
Apr
Feb
No par
5%
52
78%
*55
•
preferred.—-100
non-cum
Atch
513/4
: 20
12,000
t
Nov
May
16
113%
45% Oct 29
483/b Oct
11% Jun
10% Jan
Roiling Mill——
conv
Sumatra
j» 400
50%
:
154
—_—.100
.25
preferred—i—
100
American Safety Razor—-—-18.50
American Seating Co———-No par
Amer Ship Building Co———No par
Amer Smelting & Refg
—No par
'/Preferred
——100
American Snuff———:——25
%
108
7%
4
% Mar
6%
25%
115
*65
39 %
108
Dec
21% May
7%
107%
59
*6%
*38 %
*106
12%
29
2
240
25%
115
*13
24%
X25
38%
109
Jan
Apr
Oct
36
4
x26
,
Nov
10 %
4% May 10
Jan
70
;
*106%
10
10
*53
V
...
40%
Jun
9%
1
1
19U Jan
'
*84
Jan
6%
1
12.50
preferred
—.—No par
Andes Copper Mining
.20
A P W Paper Co Inc..———5
Archer Daniels Midl'd——No par
Armour & Co of Illinois——5
$6 conv prior preferred—.No par
7% preferred
—100
Armstrong Cork Co——No par
Arnold Constable Corp..
.—5
Artloom Corp—
No par
*193/4
*114
Nov
7
35% Mar
27
4
400
20%
116
16,300
Oct
7
'J.
*114
8%
110
100
•
Dec
53/8
.
Oct
10 Va Jun
20%
*193/4
20%
116
9%
12
11
Anaconda Wire &
*8%
*103
73/8 Feb
68
par
680
*9%
«
7
f
8%
12%
Fdy Co-^-^No par
12% Jan
25%
9%
110
5,700
46%
37
15
25%
36%
11%
6
82% Sep
15% Jun
25%
9%
*103
17% May
8
25%
8%
12%
47
2
Nov
25%
36%
110
2
73% Jan
25%
8%
12
39% Jan
of 111
253/a
9%
*103
4%
25%
36%
35%
2
25%
*9%
36 Va
4
/ 3%
*45
—-1
7% Feb
25%
36%
36
1,300
-
3%
46%
May
Jan
Mar
27% Apr
t
V 100
1,500
5%
2
1 Va
25
20
Telep & Teleg Co
,—100
American
Tobacco——25
Common class B——
—25
300
65%
Dec
5
Amer
15,000
88
5%
*65%
•
'
56
125% Nov
Am
900
5,300
i
Oct
Apr
5% Jan
Preferred
1,055
44
Oct:
36 Va
x36%
5
May 27
May
66% Sep
Dec
3%: Jan
2.3/4 Apr
American Sugar
2,400
117%
5
2
,
Sep
6
11% Mar
2,500
8%
70
Dec
Dec
32%
40% Jun 22
7
Jan
9% May
Amer Steel Foundries
9,400
139
Jun
2Vs May
6
preferred—
——50
Locomotive-——No par
preferred'_•_——
100
1%
4,100
*117
88
5%
643/4
■
3%
*25%
20
*115
20%
116
*115
5%
64%.
*45 •:.
25%
o<
*26%
.•••?
'
25 %
1
'
1
American
55
4334
117%
Jan
2
:
American Stores-
56%
8%
53% Jan
Jan
Dec
35
1%
10%
42 3/4
Jan^
.
Dec
49 %
8%
18%
4% Apr
Jan
500
56
138 va
.
8%
35
193/8 Jan
54%
.1
23
NOV
2
36% Apr
6
Feb
7%
July. 14
78% Jun 17
2% Jan
NOV
25%
Jan
Jun
16
26''
Dec
3
Jan
32
Jan
16% Nov
■
.3% May
May 10
873/4 Jun
6
,Jan
%
:
16%
4
300
26/-"
'
.
.
1,100
156
9
/,
5
29
160
1
55%
6
27
280
9.800
;
2
Jan
600
14%
16%
109.
10
Apr
2
4% %
500
/
23%
14%
27
27% :
', ..
147
17
*107%
4% Jun
43/4 Jan
American
•
,
41%
14%
154%
137
5%
843/e
88
*84%
;
117%
5%
•
147
15
Dec
223/4
100 %
,..92 /'May
7% Mar
2
111% Nov
20% Jan
$5
5,900
'
146
'
54%
52%
54%'
55 %
i
*'146%
104 V2 Jun
8
Oct
7%
•
Dec
1163/4 Jan
$6
300
37
*40
22%
*16%
27
" ,153%
146
40%
14%
.
109%.
*26
<//
145 %
23
16%
*26%
55
»
14%
..,"107%
27%
7
14%
27%
40%
14
25
18%
3% May
No par
Am
V I 790
26
,22%
16%
.
xl45 %
r
147
147
22%
108%
153%
*
27%'
27%
154% 154%
52%
53%
a
403/4
22%
16%
27%
146%.
*40%
147
*146%
.
14%
i6%
•'
*27%
\i
146%
40%
40%
22%
■;
16%
22%'
147%
7 *14%
22%
14%
*16%
V
146%'
146 Va
',i\,:
41
18% Feb
"
preferred-——100
American News Co————No par
Amer Power & Light———No par
'
147%" 147%
6
97% Jan 27
30
6%
1,200
13%
IP/4 May
37% Jan
Amer Mach &
2,580
26
"
;
May 20
May
por
preferred
'■Preferred
11%
59
14
24 %
2
39
conv
7%
10,660
12
59%
*13%
Aug
7
No par
—100
Ice—-i——
Internat Corp——_No
5%
168
11%
14
/
15 3/s Jan
American
22,800
58%
*13%
.,
1
Products—
American Invest Co
10,900
83/4
168
14
Tiling—^——1
Encaustic
6%non-cum
9,100
38%
13%
26
26
American
190
11%
14%
6 3% Jan
Coal Co of Aliegh Co
Amer
10,300
59
*13%
:
Jan
Mach & Metals..—.—-No
42 Va
*165
168
15
Metals Co Ltd
r
42
:
Dec
N J—25
1
30
37%
,.
8%
Mar
19% Feb
American Home
8%
38
110103
Amer
V
Va' Jan
May'
Mar
Amer
•
.
20
16
69
200
140
34%
2%
Jan
105
800
,
2%
26
14%
*123
Jan
733/4
7
24% Apr
12
1,900
!
:
Oct
33
116% July 23
2,900
8%
176
1123/4 May 10
5
46 Va Jan
58%
12 %
58%
27
133/a
22 %
Mar
May
4
1,200
*8%
Dec
-1
10
19,900
75
Dec
743/4
55% May
•
29% May 18
| 300
f
Feb
Apr
Apr
Feb
18% Jan
Cable Inc.
2
.1,400
■
6 Va
x22 Va
125
29
Jan
33/4
20
1
July 10
8
2,600
123/4
13
8
22%
80
33
1303/4
,
96
3,700
46
*74 Va
45% Jun
.
Nov
159
185% July 29
.
6
8
11%
12%
60
36%
13
•
*165
168
12
37%
13
8%
8%
59
37%
75
37
38
26%
75
40%
42 %
8%
*14
74%
2 Va
36%
*13%
73%
,
700
4 Va
123/a
,59% Nov
preferred———100
No par
30
Nov
56%
l3/4 Jan
1,500
73/4
*6
>,
24% Jan
par
4
913/4 July 15
,/
2
Apr
Oct
49
6Va Oct
Apr
1 Va
63/4 Jan
300
f
60
"45
123/g
12%
*34%
41%
*165
6
46
12
126
2%
37%
168
6
*45
12
23
35
37%
*165
6
45
11%
*123
•41%
8%
6
45
74
12%
125
4 Va
No
20
168
100
:
23
120
Aug 18
9% May
33/a Jan
71% Jan
9%
;.
3% Mar
•
433/4, July 14
134
4
22% Nov
l3/4 Jan
800
66
73/4
2
Export'Lines Inc——-1
Amer & Foreign Power—No par
$7 preferred———-—No par
$7 2d preferred A
—No par
$6 preferred—:
No, par
American Hawaiian SS Co——10
American Hide & Leather
1
6% conv preferred—
—50
1
40%
60
7%
23
.
4%
60 V
7%
6
*8
8
2%
2%
2%
13%
23
*4Va
60
7%
27% Jan
127% Jan
9
European Sees———No par
t
2%
66
11%
*73 %
12%
4Va
60
■
65%
8
Nov
American
1,000
66%.
2%
Apr
30
American
17,700
31
:
*39
46
10%
74%
65%
31
40%
7%
*5%
45
10%
60
"
*39
7%
*45
45
11%
*8
3Va
4
60
45
*23
65%
7%
6%
6%
*64%
4
734
11%
*44
40%
'
*65
.
60
7,900
17%
3
Jan
July
Nov
93/4 Apr
American Color type Co
5,500
75
:
5%
383/4
18
61
107
Am
300
3,500
5/8
16%
313/4
*2% /
Deo
5
conv
Amer
73%
65
*31
3
23/8
4
58%
-10
American Crystal Sugar.
-10
6% 1st preferred——-—100
Ame'
Distilling Co.—
20
1
260
9
4%
Apr
5
preferred
——100
American Chicle—No par
25,300
23%
16%
65
64
*39
60
4
60%
2%
*8
*23
75
16%
31%
65
64%
66
2%
9
*73
40%
*39
%
7%
8
*57/a
40
3%
4
63
*61
X31
,
3
3
40
*66
2 Va
4%
72
'<
102
105%.
25 V4
4
& Pdy
non-cum
8
——1
No par
——
Car
Chain &
5%
500
102
4%
15%
14%
101%
4%
72
i
102
4 Va
15%
67
14%
7%
Am
;10
9%
104%
'100
4%
72
31%
14%
;
24
9%
223/4
16%
31%
10
■
*8
72%
*62
*20
223/4
15%
68
24
14%
2 Va
72
32
170
103%
*9 Va
9
15%
*64
jl,40O
103
223/4
Preferred
Nov
Jan
conv
American
2,300
223/4
103 %
*20
73
*31%
64
108 ?/4
108
22%
4
5,200
22%
22%
74
15%
63
V 560
30%
24
% Jan
Co
Shoe
Jun
4
8% Jan
Oct
18%
47
—10
Jan
13
Sep
——50
Bosch. Corp
preferred
—100
Amer Cable & Radio Corp——1
American Can—-—-———25
5 V4 %
5,000
172%
29%
inc.————-au
preferred———
Brake
Am
70
23,300
•
108 Va
102
104%
*8
9;-
172
7%
103%
102
98%
80%
22%
14%
*101
•!•
*106%
9%
14%
171%
22%
22%
4%
4
61%
2%
*8
9
23
•
95
2%
2%
2%
*8
22%
61%
107
'
103%' 103V4
*21 "
24
102%
92
*
303/4
63
14%
14%
15
29%
9%
*101
9
*72%
i
23
9 Va
92%
90%
23%
4%
xl03% 103%
24
170%
22%
109
400
■
803/s
29%
6%
American
2,300
131
,73/4
803/4
170%
'
107
105%
7%
80% :|
60%
22%
*107
*130
28%
28%
'A, 61 C"
X22%
23%
102% 102%
2%
2%
*8
23%
•'
110
9%
9%
61
61%
'•
*104%
23
23
28
38%
131
73/4
80%
169
169%
168
29
110
105%
105%
170
73/4
80%
7%
38%
*7%
38%
131
131%
7%'
7%
81'%
7%'
38 3/8
373/4
*130
.7%
22%
23
110
36%
37%
132
80%
59%
61%
61%
23
320
7%
28%
Amer
3,300
82%
170
29%
*108
16Va
603/4
7%
172
29%
*153/4
*60
80%
7%
82
*170%
16%
603/4
*130
131
131
16
603/4
*7%
35%
36
36
r
131
131
16
60%
7%
Jan
27
3,200
15%
lVa
/2
700
59
*7%
U Au^
Jan
28
59
60%
23/a July 22
52
27%
60
7%
13
Agricultural Chemical-No par
28%
59
15%
% Jan
34
28%
61
Nov
Jan
28%
v'Oa
19%
23
58%
60%
Apr
70 Va
58
15%
143/4
,
18%
*28
'■
7
Dec
59
.
Jan
17% Jan
Mar
29
15%
30 Vb
11
29
60 %
Apr
43
58
.
July
22
7
60%
15%
64
Dec
31% Oct 29
28%
60%
2
43% July 10
233/4 Sep 21
86 % Jun
28%
■
Jan
97
14
59%
Nov
7
7
20
60%
15%
6%
81
733/4 Jan
26% Jan
Jan
28%
60 %
Highest
Apr /.
13% Jan
*28 %
15%
4
x67
*59%
*60
18
16% Sep
$ per share \
$ per share
par
Corp—_No
Petroleum
Amerada
400
2
1942
Lowest
9 per share
share
6% Jan
Corp
—No par
preferred^——,-„„100
Mfg
No par
Alpha Portland Cem—-No par
Amalgam Leather Co Inc
1
6 % conv preferred
-—50
1,100
,
9 per
5%
1,300
1,100
29
*76%
30%
76%
77
;
Allls-Cbalmers
6,400
1%
1%
•',
A-
300
33
' v
Allied Stores
5,200
96
*94%
32%
1-31
Shares
14
•
Year
Range Since January 1
Lowest
Highest
stock
exchange
the Week
9 per share
14%
new york
Sales for
Friday
Dec. 2
$ per share
share
Range for Previous
stocks
Thursday
Wednesday
33%
13%
.
96
*93%
HIGH SALE PRICES
Tuesday
Monday
Monday, December 6, 1943
Apr
9vb
Jan
3%
Dec
31
Dec
Jan
B'
.
5
5%
5
5%
4%
5
4%
4%
8%
8%
8
8 Va
8
8%
8 Vs
8%
9%
*9%
8%
9
8%
58%
*58
*58
8%
9
Va
58
58 Va
59
60
20%
21
21
21%
11
11
11
11
58
.20%
20%
20%
20%
21
11%
20%
*10
10%
10 Va
10%
10%
45
45
45
45%
*44
15%
15%
*105%
107
15%
15%
15%
15%
15%
15%
15%
15%
15%
X25
31
*105%
7%
8%
8
25
*?s
26
*25
26
31%
•30%
32
31
32
*105%
107
*106
107
107
7%
32
*30
,*105
112
10%
*10
9%
9%
9%
9%
33%
7%
32
112
*29%
♦105
33%
For
45..
15%
15%
15%
31%
*31
*44
9%
15%
15%
25
25
*44
footnotes
33
see
<
*29%
*105
10
7%
7%
,
21%
*10 3/4
•11,600
9%
.
213%
*44%
16
15%
26
*32%
*106
7%
15%
15%
>
25%
33
107
8%
*106
107
8
8
32
*30
32
*30
32
*30
*105
107
*105
107
*105
,
600
300
,
6,700
32
107
50
4,000
26
*32 %
107
9%
9%
9%
9%
9Va
9%
9%
33
33
33%
33 Va
9%
10
33%
9%
9%
8%
9%
33%
333%
.
•
'•••,'
& Ohio
'
: 't
'
'
■
•'•,■
.•
'
'•
103/4 Jan
preferred.:
—100
& Aroostook—.
~_50
5% preferred—
..100
Barber Asphalt Corp
—-.10
Barker Brothers..
..—No par
5%%
Works Corp
—1
Inc
-No par
Creamery..——25
$4.25 preferred
—No par
Beech Aircraft Corp...—...—_1
Jun
4
4%
Jun
7%
2
6
9
Feb
13% Jan
2,300
Belding-Hemingway
6,100
Bell
Aircraft
Bendix
—
50
Corp..
Aviation..
No par
1
5
105% Aug 12
7% Nov 30
253/4 Jan
25
Jan
25
93
9% Dec
3
9 % Nov
29
33
Nov
21
47
20
Apr
Jan
4 Va
8
x29
Sep
May 27
33% July 19
15%
20
Jan
Vb Jan
Jan
6% Jan
36
Dec
13%
Dec
Apr
6%
Nov
33%
123/4
Deo
18 Ve
Jan
7
7
RR
15% Sep
,
6V8 Mar
12Va
16
Packing Co.——.20
22
Dec
28% July 14
19% July 19
23% Jan
Creek
4
3
62
20% Mar 22
24% Jan
Beech-Nut
12% Apr 29
2
Bayuk Cigars
„
.
24 3A Aug
83/a Jan
Beatrice
Beech
5,500
2%
12% Jan
Iron
Bath
Jun
7
6
5% Jan* 13
30
Jan
4
Co..—...—*—.—5
Oil
93/4
Apr
143/a Apr
12
—^50
preferred
193/4 May 27
10
2
6
4%
Barnsdall
2
2
Jan
5% Jan
•
33/8 Jan
34% Jan
13
100
a.—
Conv
6,400
16
26
33
'
'
■
Bangor
800
45
15%
'
290
5,600
11
16
'
900
,
62
45
9%
33
2271.
9%
61
15%
9%
33 %
9%
61
*44%
9%
9%
page
7%
*9%
*60
r„
Jun
Apr
Apr
x23
%
Dec
Nov
26
Oct
30
Feb
9
143/8 Sep 24
xllO
Sep
33% July 13
114
Aug 28
11% July
1
20% Mar 16
39% Apr
6
23%
Jun
64
Apr
110%
63/a May
93/4 May
9Ve
Dec
173/8
Nov
28% May
397/8
Jan
Jan
/
Nov. 27
$ per share
'••'16'/a
57
>32%
33%
'
57
32%
33
33
54%
14%
118
*116%
35
35
34%
35
34%
35%
17
16%
17
16%
16%
16 %
16%
7%
7%
7%
7%
7%
7%
17%
17%
7%
7%
"14%
16
*14%
95
*93
95
■'/'
300
*14%
16
20
95
*92%
95
*91%
95
*94
12
11%
42
42%
32
32
32%
27%
28
T
*33%
35%
3
*12%
12%
12
41%
*40
25%
28%
28%
28
29
28%
29%
33%
33%
34%
34%
34%
3%
3%
3%
35%
*35%
12%
3
•
12%
>37%
12%
12%
12%
12%
41%
42
42%
42%
8%
•:'': 25%
39%
*
39
8%
25%
25 %
25%
37%
40%
41%
41%
*40%
ai
hi
%
%:
%
%
%
%
*%
13%
*36%
38
*36%
38
*16
16%
15%
15%
7%
6%
7%
38
*113:
115
♦112
*88
44%
7,000
7%
BUdd
n!'■■■•"
*<
'7
*16%
,
X6%
17%
18
31
44
44%
6%
6%
"16 Va
17
17%
17 %
18
18%
30%
>30 Va
30%
24%
24%
24%
106%
*105'/a
106%
105%
105%
106%
11%
11%
11%
11%
11%
11%
11%
*3%
3%
*3%
3%
3%
3%
3%
25
25
53
57%
55
55
41
39
39
*38%
8
7%
7%
8%
8
*27
28
*27
Buffalo
Porge
1,700
Bullard
Co
30%
30%
25%
25%
25%
41
■>
27%
*27 %
28
3%
3%
3%
11%
11%
11%
66 Va
*66 Va
66%
*66%
66-Va
66%
25%
25%
25%
24%
25
55
55% "55%
*54%
55
'
%
%
%
%
%
M
12
6'/a
6%
6%
6%
6%
14%
14%
'14%
Xl3%
-13%
*21%
21%
21%
21%
*34 %
36%
*34%
36%
'
7%
41%
*6%
7%
41%
•
\
44
45
:'•
*95
95%
V
*27%
28%
*43
7%
'"44
>
95
27%
>;
4 ■>
*3%
95
95%
x27
3%
3%
3%
3%
*121%
125%
121
123
1
120
144
143%
143%
142
■>
142
41%
41%
40%
41%
40
40%
31%
31%
31
31%
30%
124
401/4
40%
31%
32
104%
104
104
104
122%
*121%
122'/a
122%
122%
*114
1231/4
*114
115
114
114%
10%
10%
10%
*16%
16%
16%
16%
16%
"18%
18%
18%
18%
18%
2%
2%
2V4
2%
108 Va
108%
108%
8%
*114.
10%
10%
10%
*107%
109
-
8%
8%
*6
113
7
5%
58%
58%
*16%
17
*18%
>:
108%
20
12,500
Cannon
Capital .Administration
$3 preferred A,
10
45
95
500
27%
400
33/4
1,700
1,600
Case
141%
70
42%
5,500
33
4,000
104
>
220
123%
110
114
...
123%
115
180
10%
/
11%
3,300
1,110
*107
*107
108%
8%
18'/4
VV
8%
183/4
7
*6
*110
19
4%
5
59%
17
*17
17%
*17
173/4
Va
18%
*18'/a
18%
*18%
18%
*107 J/2
108%
22
6%
6%
11%
11%
10%
5
1,900
Certain-teed
60
990
17 ..."
17
18%
108
108'/a
108
.
500
1,000
40
1,100
Checker
44%
44%
7,900
Chesapeake & Ohio Ry—
6%
6%
6%
2,800
Chic
11'/4
11%
11 J/4
Hi/4
4,500
223/4
4
...
11
3%
3%
3%
3%
3%
3%
3%
3%
3%
1,200
16 Va
16%
16%
16'/a
16%
15%
16 1/2
17
181/4
18
18'A
4,100
14%
14 Va
14%
14%
.14%
14%
14%
14%
151/4
153/a
15%
1,800
16
1,500
,
15%
15%
>3%
,'•'
153/4
153/4
38
38
300
$3
491/4
110
Pr
*12%
13
700
*14%
143/4
100
1%
1%
1,800
38
*37%
38
*48%
50
*48%
49%
*12
13
12
12
12
12 J/a
12 Va
*14%
15
14%
14%
14%
*14%
1%
1%
1%
1%
14%
*14 J/a
l3/a
1%
.
*49V4
12
12
1%;
28%
*25%
28'/a
28
28
29
28
28
74%
73%
75
74
74%
741/2
75%
75%
75%
14
14
13 Va
14
*13%
13%
*131/4
13%
*131/4
102%
102%
102%
102'%
"52%
53%
52%
53%
61/4
61/4
6'A
103%
*102 Va
103'/a
54%
103%
i
.
14%
74
*25%
53%
54%
53
*6%
*32
32%
*32%
.
*6
6
6
6%
33'A
Va
32%
*27
*321/8
32%
101'/a
*52
63/8
321/4
321/4
14
*27%
751/4
*13i/4
,
.
102
101%
29
75%
14
102
3,000
10,800
900
120
53%
53%
55%
1,040
7-
*6%
63/4
1,000
321/4
300
321/4
*32%
*135
150
*140
150
*140
150
*148
150
*140
150
*140
150
*72
80
*72
80
*72
80
*72
80
*72
80
*72
80
'
.
*113%
112%
113%
350
37%
X37V4
371/4
37%
37%
*36 3/8
371/4
500
•; 105'/a
*103%
105%
"■105%
105%
1043/4
105%
140
*105
"921/V
92 J/4
92%
93
*92%
38
105'/a
*105
113%
113%
921/4
93
92
*92V4
Vr
54
35%
*52 V4
54
*521/4
36
*52 %
35 %
36
35 J/4
150
114
*65
23%
23%
*111
113
113
*64
651/4
23 J/4
22%
23
106 J/a
105%
106
24
24
*111
.33%
66%
'
106%
24%
*111
34
*144
23
107
*23
34
150
113
113
66%
*65
35
*144
34
*144
*112%
35%
♦52%
'
150
33%
34%
34%
*144
54
-
23%
113
111
23%
111
14%
14%
14%
14%
14%
14%
*10%
10%
10%
10%
11
11
11%
11%
12
12%
12
121/4
*10 %
11%
10%
11
11
11
23%
23%
23%
23%
23%
23%
23%
23%
23
23'A
*221%
23J/2
1111/4
*64
23
*1051/4
24
*111
14%
*10%
54
93
*921/4
93
*521/4
80
54
*521/4
33%
33%
34%
*144
150
111
54
X33%
'
111%
1/4
*64
64'%
93
231/4
12%
*10%
11%
231/4
35
3,500
150
111%
64 Va
*64
Chicago
For
footnotes
see
page
2271.
23
54.1/4 Aug -17
Chickasha
6'/2%
Sep
25
6
35'A July 19
31% Jun
7
19% May
14% May
26%
2
1
1091/4 Oct 26
233/4
106'/a
24
15
24
15
11%
*111
14%
.
*11
12
400
24
113
Special gtd 4% stock
Molybdenum
Clu.ett Peabody & Co
Coca-Cola
140
1,300
20
—
Co
(The)
Colgate-Palmolive-Peet
$4.25
5%
conv
121/4
*11
22%
121,4
"11%
23
290
1,400
23%
300
4%, non-cum 2nd
*22%
231/4
*223/4
Columbia Br'd
Class B
10%
Nov
69%
Dec
95
Jan
10
Jan
17
Dec
Apr
6'A Mar
16%
Mar 27
Jan
22%
Dec
50%
Apr
53%
Nov
1 % Mar
1
'/a
Jun
9
91/4 Apr
19% Apr
2
56
1% Jan
7
7
5%
Jun
11%
Jan
16% Nov
13
24% July 14
9Va
Apr
15%
23
38
9
21
2
Jan
25
Jan
3%
7
47% July
7%
271/2 Dec
Mar 31
11% May
21
Nov
Dec
33
Aug
7% Nov
Jan
29% May
1% Feb
37%
32
9% Apr
6
46% July 22
38%
Dec
89
Jan
>
Feb
4% Nov
Apr
77
Apr
22% July
2(4 May
54% Apr
7
97% Aug 31
8
8
31% May 29
5% Apr
6
1
132
Oct
144
July 13
117
Jan
Apr
Apr
42%
Dec
29%
Dec
Dec
28
28% Nov
3% Nov
78
Dec
130
Dec
Nov
30
54% July 19
30
7
40% Jun 25
15
July 22
14
120% Sep 27
82
Apr
97%
110
Apr
120%
77
Apr
97%
Dec
6'/a Aug
8%
Dec
Jan
4
1
2
26
12
1% Jan
2
4
108
128% Sep
I 14% Apr
5
21
July 16
23% Jun
7
3
Jan
12
18% Jun
Jan
2
Jan
7
1%
23% Jun
3
Mar
5
8 'A Nov
115
Sep
82
July
14
41
Apr
27
Jan
Jan
Oct
Jan
3% Nov
Apr
Mar 19
98
X33
Jan
3%
18
Jun
2'A
NOV
110
Jan
11
Jan
2%
Apr
1% May
90
Aug 27
Jan
23%
16
3% Mar 12
111
13
104
Dec
35"" Oct
Jan
2
7% Jun
1%
Apr
3%
32% Jan
8
72% Oct
23%
Jan
32%
Deo
16% Nov 29
19% Apr
6
15%
Sep
19
Jan
8;
3
14%
Jan
5
24
99% Jan
8
108
13
34
July 22,f
50
July 23
18
8% Jan
,
10% Jan
8
36% Nov 24
48 J/8 Jan
6
11% Jan
12
24% Jan
30
67% Jan
7
96% Jan
2
preferred—100
preferred—100
2.50
-2,50
Jan
36%
Apr
2%
8% Nov
1%
Jun
2%
8%
Jun
13%
Sep
4Va
Jan
7%
Nov
Aug
17%
Jan
4
22
5
123
Mar 17
Feb
2
109% Jan
4
28% Jan 22
33
July
39% Jan
Apr
47
Dec
Jan
52
Jan
15% Apr
30
8%
Jan
11%
Nov
Jun
10
ll'/a
Jun
13%
Feb
2%
Feb
18
May 27
.
.
4
1
Dec
9
85% July 15
20
May
Jan
70'A
15% Aug 18
9
Jan
10% Aug
27
92
May
99
Aug
3
32
Oct
34
Apr
3
Jun
3% May
32% Apr
106
Sep
8 % Jun
Va Nov 30
12
41% May 20
54
55% Dec
32
27%
i
29
Apr
10
,.
25
39% July
141
7
Nov 11
74% Jun
7
116% Aug 10
43%
2'/a
28
Mar
Jun
120
67%
Dec
Apr
107% Jun
25
J an
Dec
39% Nov
125
Deo
72
Mar
112% Nov
31%
Dec
40
Nov
3
108
Sep
22
22
May
95% May
84
7
Jan 23
92% Sep
29
77% May
84% Mar
50
Feb
6
54
Sep
13
47
May
50
Jan
32% Apr
44
Jan
25%
36%
lOl'A Jan
33% Nov 18
33'A Jan
142
88
12
May 13
Jan
4
,No par
100
Oct
Apr
13
11
103% Jan 12
No par
No par
9%
Jun
Feb
67
Oct
Apr
%
2% Jan
27
5%
100% Nov
2%
15% Oct
Jan
10'A Jan
Apr
7'A May 12
21% Jun
2
2% Jan
15% Jan
.
18%
Jun
93
9Va May 11
2% Jan
77/a Jan
6
July
May 171 j;
Nov
17Va May 13
33% Jan
.
62% Jan 11
Sys lnc cl A
2V8
6
30% July 13
7
24
16% Jan
—100
1st
7
2
25'/« May 20
97% Jan
No par
11%
9
16% Nov
Colo Fuel & Iron Corp
23%
11%
Jan
8'/4 Jan
tColorado & Southern
non-cum
Feb
21% July
3% Jan
5Va Apr
96% Feb
1,070
4%
Oct
6%
Feb
I8V4 July
95% Jan 26:
1,600
580
24%
Sep
1
83% Apr
2
5
119
11%
12
Feb
Nov
44
26% Jan
14%
'
Jan
4%
Oct
31/2
Jan
19%
10% July 15
par
preferred
18
~9%
Jan
Va
29Va Nov
19
40
50
preferred
16
2
77% Jan
—No par
—No par
—100
No par
Collins & Aikman
Sep
Oct
49
6
4
No
40
Oct
Nov
20% Dec
127% Jan 21
100
5
a
~6%
4
3
6% May
75
6
15% Mar
3 % Jan
Equipment
——No par
C. C. C. & 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
Climax
7
May
15% Jun
4
4
Jan
1
25V4 Jan
Clark
piocc
5,200
May
x85
No par
100
preferred
Oct
Sep
16% May
26
City Investing Co—
City Stores
7%
5%
ll'A
5
1 % Aug
Copper
Dec
18% July 16
10% Apr
25
5
Co___
Corp—
City Ice & Fuel
Chile
Dec
85%
29V4 Apr
13% Jan
Chrysler
31/2
Jun
8
—10
No par
Cotton Oil
Apr
5
4% Jan
1
—.25
2'A
47%
Nov
—
tChilds Co——
'
*22%
116% May 10
361/4 Jan
preferred——No par
div—No par
Yellow Cab—.—No par
Preferred
64%
*1051/4
106
11%
-
111%
23%
233/4
113
15
.
34
*144
111%
*111
113
4,800
34V4
24
24
33%
331/4
150
106
106%
U
12%
23
■
35%
8
Nov
40
'
•
*106%
1123/4
113%
37%
-
*37
38%
105
105
113
113%
113%
113%
1137/a
"37
2
30
Jan
6% Feb
pf ($2.50) cum
*37
50
1%
Jan
29% Jan
conv
491/4
38
49
*14%
Jan
6% Nov
Mail Order Co———5
Chicago Pneumat Tool——No par
50.
*36%
50
1%
Oct
8%
6
137/aJan
Chicago
373/4
15%
38
*48%
J an
Xl.3% Nov 30
Co—No par
Class A
40
Chicago Great West RR Co——50
5% preferred,:—.—.—
-50
15%
16
"36%
1%
3%
...
35
Jan
14%
% Jan
East 111 RR
&
37%
15%
*15%
12
Mfg,
22%
443/4
6%
22
16%
,15%
Cab
22%
>41/4
Nov
112 Va
22% Jan
Co——No par
2.
—100
preferred
10%
Dec
52% Jun
Champion Pap & Fib
6%
Apr
*103% Mar
——No par
Chain Belt Co
Jan
7
10'A May
6
118% July 27
9% May 10
4
Jan
16
100
61/4
10%
'•V
—
Apr
1%
28'A July
9% Apr
9% Jan
No par
Products—
5
1
42'A July 23
201/4 July 10
27/a Jan
-5
preferred
6% prior
1
1/2
8
65 Va Nov
No par
—100
de Pasco Copper
Cerro
181/4
.
1% Mar
iV Apr
I8V4 Jun
21% Jan
100
Century Ribbon Mills
Preferred
1,600
36%
44%
10%
10%
1,700
19
2
2
41
Co
22%
6%
Jan
27
Mar
it
9 'A Jan
No par
44
,
6 J/4
Nov
43
26
30
44
2% Jan<
No par
22 J/2
44%
6
tCent RR
Central Violeta Sugar
7
60
*108
50
3,000
114
36%
5
59%
43%
35 Va
105
«...t,
preferred—100
of New Jersey—.——100
83/a
>6
.
36%
Central
108Va
*110
114
36
8 Va
v
7
114
4%
22
Jan
Apr
July 14
44% May 21
7
13
201/2 Jan
20
108%
6%
16
24"Va Jan
par
preferred
5%
"1071/a
44 '/a
Jan
e% Nov 30
Foundry Co
Central 111 Lt 4%%
22
Nov
6
Central Aguirre Assoc
6%
Nov
21%
16
No par
5% series prior preferred—-100
7% prior preferred^
—100
7% 2d preferred
100
Celotex Corp.:
2,—-No par
1,900
43%
9%
Jan
2
Caterpillar Tractor
Celanese Corp of Amer,.
1,400
591/4
,
(J I) Co..
Preferred
21/4
22
Jun
15%
5V4 Jan
—
18 3/8
44 Va
Sep
7%
7
141/4 Jan
Corp—.——1
—
—100
100
171/4
23 %
20%
5
3
class A—1
—10
Co
21/4
108%
12
20% Jan
Ohio Ry
&
Steel
171/4
4%
15%
Clinch
Carpenter
::>■ 183/a
44
:
Carolina
23/a
*108
Nov
I2V2 Apr
30% Jun
par
—No
Mills
600
400
43
183/8
58%
*16
May
45
4
43
No par
Packing—
17
35%
xl5
Dec
7
13
preferred,,.
Zinc-Lead
21/4
:
Nov
29% Jan
—50
———1
Calumet & Hecla Cons Copper——5
Campbell W & C Fdy
No par
Canada Dry Ginger Ale——5
Canada Southern Ry Co
100
Canadian Pacific Ry
—25
5%
18%
*22
*14
California
17
*6
311/4
Callahan
21/4
4%
11
2,800
preferred
Byron Jackson Co—...
Participating
127%
•
10%
58%
107%
107%
-
> 104
115
4%
18
1,700
32%
123%
57%
19
*18%
3,200
Copper
17
35J/2
Mar
—30
—5
No par
100
No par
preferred
& Zinc—
conv
Butte
18%
*110
Oct
25
1
37% July 23
—10
Byers Co (A M)
21/4
35%
3Va
7/8 Oct
—1
——
33/4
•
'"
104
51/a
..
16%
16%
19
*107%
.
3,700
6'/a
42 'V'
32%
584/4
43/4
58%
*5
30
14 %
7%
Butler Bros
18%
114
351/,
28%
Jun
—1
preferred
Bush Term Bldg 7%
17
6%
>110
Jan
1%
Oct
Apr
9 Va Jan
.—100
preferred—100
6%
2 J/4
18%
Dec
19%
3
ft oan
par
Terminal
Bush
7
108 %'
*6
114
36%
36%
*36
—
16%
18
22%
July 14
6 Va
37% Jan
Burlington Mills Corp—
—1
5% preferred ——
—,100
Burroughs Adding Mach_—-No par
Carriers & General
421/4
103/4
:V
Jan
33
No par
!
141
10%
81/4
18%
17'A
,8% Nov
——No par
—.No par
18%
•••
17%
*110
6%
'6%
*110
114
115
8
17%
17%
18
18
*123
123%
10%
8%
*2%
104 '■
: 104
13% May
18% Mar
Dec
20% Jan
-No par
—-5
No par
—No par
No par
...-—No
Co
126%
i
•
'
li/a
*43%
143
41%
3
/
115
121%
*141
3,300
% :
■
7'A
95 "
■33/4
•
''
,*27 /■•
27
125
143
104 Va
105
/.'/■ 27
600
34%
*7
■
>
223/a
7% il*41
95%
■
3%
3%
121
*141
31%
*104
95%
<"
-
34%
v
714
45 >
71/4
;.
28
*27
122 %
*143%
95%
951%
Va
27
:
22
*43i/4
...
"•
■
•7 %
42'%-
7%
42
>-
71/4
45
14%
*34% ■<•36%
43
7'/4
:■ *43
'■; 45
*43
95%
27%
7%
-
7%
7J/4
*411/4
42
'
V' *6%
>
36 Va
•
■
120
55'A
;
;, ■
6% K
213/4
21%
7Va
7
*40%
41%
•'
*6Va
••%
6%
2P/4
*53%
■
Hi/4
21 J/4
-
36%
ii
6%
14'A
18%
24% V 25
V
54%
6V2
*33 J/a
21%
*33%
7Va
7
7'%
41%
>, 21
4,700
3,300
V
67
'
18%
/
25
54%
:
i4>/4
6%
:.•':/■ 14 >•
67
..
%
:
13
%
•
6%
14%
'
18%
>
25
55%
*54
3 %
12
11%
67
18%
25 ■'■■V
25
-
7:
Jan
8
Jan
20
No par
——
Bulova Watch
5%
27%
x3 Va
'
12
-
3,000
:
19
*18%
18%
25
60
8%
*27
3%
12
*54
3%
v
8%
27%
;
•
3%
11%
17%
3%
ir
t'
8%
3%
3%
40%
July 15
33% Oct -4
Jan
'
11 Va
18%
3,200
400
10,200
*39
3%
*16%
V
41
3%
8%
'• *27
Apr
'
*39%
•'
10%
18%
:•■'//"
400
/ 1,500
.•;■■■>.'••:■. 20
8%
8
8
*17
-
55
3%
66 Va
'
*51
10%
66%
.
11%
11%
11%
■
/.'/
55
3%
66 %
107
107
107
10%
"
200
3%
40
39%
39%
*27
28
*51
53
*55
*39
30%
17
No par
No par
—
Wheel,..,.
3,700
*51
3%
55
Budd
6%
11%
11%
51
43
1
No
'
*106
107
2
76i/4 Jan
16%
25%
25 %
25%
♦105%
Feb
38% Jan
—
16%
17
*30
95%
Mfg
.No par
preferred—,100
(E G)
6%
*16%
30%
May
7
.30%
18
>30%
May
72
12
16%
Jan
25
96V4 July 29
6% Jan
*16%
Dec
21%
9
104% Jan
7%
.
75
13 Va May
14 Va NOV
—
$5 preferred
510
1
July
13
29
5
preferred——,,*—100
7%
30
Jan
58
Nov
Co—
16%
■
*16Va
■
-V,
•■,•■./:■/■
45%
45
45
6%
6%
6%
16%
30%
17%
*30%
•
44
'
*16 Va
7
16%
16'/a
16%
43%
90
90
;v
92
4%
4%
4%
4%
*89%
115
*112
'12
8
Bruns-Balke-Collender
115
Jan
Apr
ll 'A Nov
Brooklyn Union Gas,.,
Brown Shoe Co
14%
8
28V4 Jan
—
Bucyrus-Erie
Jan
Jun
July 24
21'A Mar 30
56 Va May
6
85
CO——.
4,100
Jan
7%
21
—5
JBrooklyn & Queens Tr
IBklyn-Manh Transit.
1,400
Dec
19%
Sep
11%
16
Bridgeport Brass Co—
Briggs Manufacturing—
7%
Jan
Jan
29
41 Va Jan
Brewing Corp. of America,,—,. -15
,37%
66%
121
Apr
5
17
—,2— 2.50
lnc
.,15%
X
100
11% Nov
30
37
4%'
9
Jan
Jun
39
*15
92
19
2
7%
*112
14%
26
13
15%
*88
43
300
6
191/4 July 14
2'/a Jan
Bearing Co,,
Airways
May
July
Apr
5
22% Jan
39%
4%
•
90
Roller
Bower
Braniff
18%
105
ll'A Jun
26% Jan
7%
7%
49 Va
S
19% Mar
5
15%
-
Dec
2
—15
Corp,.
Maine RR
*37%
115
*112
4%
90
44%
44
44%
•
92
&
y.
7%
•
115
4.%
4%
'
*89
94
*112
us
4%
4%
'*4%
7%
2,200
8%
4
(assented) .100
(The)—,
Co
Boston
Bristol-Myers
4,100
%
14
14
Dec
Jan
76
—1
Inc.—
Stores
Briggs & Strattoh
1,000
8 Va
9% Jan
No par
—_No par
...
7%
15
15
15
7
Bond
B
39%
*37
38
xl4%
■
7%
14%
14
13%
Class
500
hi
Jan
28
13% Jan
Brass,,.—. ...5
&
400
41
%
1
3,100
"V;
37
.
hi
%.
*%
1
13%
13%
13%
13%
*%
%
*%
4,300
25%
36%
40%
300
9
25%
*36%
aa
300
24'A
6'/a Jan
—5
Co,,,—,
class A—
Co
Aral
Borden
43%
?•'.
37%
ai
Airplane
Borg-Warner
4,300
16
No
Aluminum
Bohn
Bon
Sep
Apr
38% May
Bloomingdale Brothers,—No par
Blumenthal & Co preferred,,,,. 100
3,900
12%
8
Mfg Co,,—No par
Co
4,900
1,000
'
^
4
Nov
54
17%
69% Apr
6
121% July 20
30
27% Jan
'
9
25 Va
40%
39 %
1,600
36
*40%
•
9
8%
8%
x37Va
25%
38
32
13%
35%
35%
35%
41%
*40
25%
39
3%
3
3
■;
35%
8%
13
13%
33%
33
8%
*38
39
.
32%
33%
%
*
46%
33
28%
25'/a
25%
39%
39
47
32%
12%
41%
*38
45%
x33% :
'45%
45
& Decker
Boeing
Nov
110 'A Jan
No par
par
Bliss & Laughlin lnc—— —5
510
r
32%
8%
8%
10
46
*35%
12%
*40
>" 8%
1,100
87
*85
32%
•
3 1
.
35%
*34%
43%
s' 43
86
47
'
3
10,000
33%
33%
3
12%
28
28%
33 %
33%
43%
86
88
.
95
,
32%
32%
27%
88
46
45%
45%
45%
*86
*42%
43
43
*86
:
12%.
12%
12%
12..
12%
41%
45
Blaw-Knox
16
11%
88
Black
7,800
.
*14%
41%
*86
2,300
7%
7%
54
No par
100
16%
"
12 Va
(Del)__,
preferred
16
•
Xl6
12%
88
7%
17
42%
Jun
Blgeiow-Sanf Carp lnc
15% '•
12%
17
Bethlehem Steel
500
*14%
*94
5
1,400
17%
"41%
*86
10,400
15 %
17
8% Jan
36%
7%
7%
55%
14%
14%
16
,>94
16%
'•
•
—1
—
share
15%
46'/2 Mar
July
Poods
$ per
3
Nov
38
Co
36
*17
17%
*17
17%
*17
35%
16%
35
57
7
Best
3,000
115
114%
35%
'34Va
'"16%
Va
15
54%
55%
116
*114%
117
117
118
23
Best. &
*14%
15 Va
55%
55%
54%
54%
54
55
*116%
55
116%
14%
14%
14%
i27
54% Feb
Pr
500
33%
*33
33%
*33
'■
9% May
22% Jan
300
33
,
20
Aio par
57
33
Highest
1 per share
17 Va Sep
13% Mar 17
par
pfd $2.50 div series '38_No par
*56
57
*56
57
*56
33
14%
14%
14
14
14
54%
116%
56%
1,400
16%
16%
16%
Loan__„_-JVo
Indus
1943
Lowest
$ per share
$ per share
Par
Beneficial
Year
Range Since January 1
Lowest
Highest
STOCK
YORK
EXCHANGE
Shares
$ per share
share
16%
16%
16%
16%
58
*57
16%
$ pdr
$ per share
share
per
16%
16%
16%
57
$
$ per share
NEW
for
Sales
the Week
Dec. 3
Dec. 2
Dec. I
Nov. 30
.
Friday
Thursday
Tuesday
Nov. 29
Range for Previous
STOCKS
HIGH SALE PRICES
Wednesday
AND
LOW
Monday
Saturday
2263
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4235
Volume 158
16% Jan
17% Jan
108
Jan
13% Nov
4
481/2 Mar 30
40
July 20
153
Sep 21
123
July 14
68'A Oct 18
24'/a Sep
109'A July 17
28% July 15
114% Oct
19% July
Sep
2'A Jan
19
3% Jan
19'A Sep
Jan
17% Sep
3
10
15% Jan
24% July
15% Jan
241/2 July
6
14
25
25
25
14
14
Apr
102
Dec
Jan
Jan
149
Nov
56% Mar
92
Nov
139
55%
Jan
11% Mar
971/4
Apr
10% May
96
May
13% May
Jan
17%
Nov
18%
108
18%
Dec
Oct
Dec
Jan
Apr
4%
May
% July
5'A
Sep
5
Sep
%
1
63%
107 Va
Sep
8%
Apr
16%
Dec
8%
Apr
16%
D.4
2264
THE COMMERCIAL & FINANCIAL CHRONICLE
LOW
Saturday
S
share
per
3%
I per share
3%
*67%'
*85
73
83
16 y4
16 %
15%
*37 %
39%
*66
69
*66
■*85
.
3%
71%
85%
69"
-
16
16
38
*37%
36%
107%
40 %
39%
40%
13
37 Va
27
36%
*104%
*104%
39%
37
37%
13
40
.%
74%-
74%
23%
105
21%
-
-.tV
;
21%
7103% 103%
•■2%"
2%
41%
:
403/4
6%
1
9%
7
'
•
'•
■
.
'M '-,
471/2
102% -102%
19% '■ 19%
'■■
7%»:
7%
■
r'--!
31
"
x3%
21%
21%
21%
41023/4
1023/4
2%
-15%
'vvfi;
25%
9%
2s/a;
15%
■
102%
xl5%
6%
25 %t
25%
9%
.79%
*•18
18 7
10%
'-1°J%
109%
-7
47%
102
"*
7%
14
77 30%
;
■7
-
46%
.
■7
18%
'
102%
*102
19%
14 3/8
X'7%
110%
*109%
110%
-■'•*109
45
7
7
19%
:
73/4
7
.
'10%
*42%
i .4%
30%
30%
7-7; "24%
25%
4%.-
30%
'*50%
51
*49 y8
•
18
:-7
14%
14%
14%
43
43%
43
56
56%
55
15
43%
43%
56 %
56%
7
14%
176
4%.
:
30%-,
*50
;
:
19%
*1%
175 *
1%
15%
Vb
Apr
Jan
35
Oct
29%. Dec
Nov
105%
34'
7 % May
3*2
Dec
.
17Ya
5
Apr
'
2
83
7
4
35,8 May 12
19 y4 May 12
10
18
8
Sep
•
•%
Jan
12% Dec
v:
873/g
Feb
;:.«7%
Jan
■
Dec
16% Nov
.
Apr
:v,94
'"■
Jun
7
1
293/a Oct
9Va Nov 29
3%
18%
t :
Sep
Apr
ll3/a
78'
->
233/4 Jan
V
Apr
July 24
Jan
44% "Jan
/
93/8 Aug
24Ye July 15
11
•
Jun
23
105
Oct
hi
Apr
1%
12%
12
Jun
10%
.v
Jun
21% July
July 20
Jun
11
•24 Vb Nov
15
■
1
3
24% Nov
109
Sep
-6 3/4 Apr
:5
% Jan
■:
Nov
25
5
•
7 5/a Jan
*;
Vultee Aircraft—^-1
*'■
'
2,400
Preferred
.
Pv—i-—10;'
Consolidation- Cpai Co_
46%
7
300
102%
i
3,100
19%
Cuba
of
"
Consumers
Pow
Container
1,700
!
;•••» 8
8
,*109
■
110%
...
6%
11 Vs Nov
Jan
3A
•
■
Apr
Jan
9
.
Nov
Jan
"
27
:i%
•
3
Oct
21V2 Mar 29
7
—„-25-
24
Jan
6
16
107
Oct
V
83/4 July
25
8%
Jan
43/a
•
9
Nov
Jan
82
Jan
6
233/4 Jun
7
May
113/4 July
x43/a Jan
7
ll'/a Jun
2
2%. Apr
96
Baking Co_
No par
preierred————100
8%
16
89
5
110 % Sep
Continental
200
27% Mar 30
16
Aug 11
16% May 10
463/4 Oct 30
Jan
233/4 Jun
$4.50 pfd—No parof' America—i—20
Coi-p
29
11
V. 43/8 Jan
pid——10U
$2.50. preferred ■--—---——50
230
7;..
1
RR
.'•
;
V 4% J. 4%
i
30 3/8 ' .Hi''-
!25
143%
*40%
19%
545/8
7
7175
4%
14%
*20
«
.
14%
26%
13%
■V
267/e
Jan
24
14%
14%
95%
95%
95%
31
:
31%
/; 30%
31%
••
71
7:
43%
1733/4
'
4%
1%
19%
104
X18 s/8
7
77
V
96%
163/4
Jan
.
Oct
5
Dec
103%
Jan
,
Apr
14%
14 Yo
105%
*20
15%
20%-
15%
67
*
-1
103%
*103
41%
-
V
143
125
37% July 15
137/a Dec
6%
*110
119%
143
108%
7
213/4 .22
68
77/
340
103
7
22%
*105
108%
:
57c
41%;
76%
95
5%
5%
15
15%
*110
119%:
143
*130
150
20%
Xl93/a
6%
•7'':?77
5
.
6%
at
5%
13,000
119%
•
*130
,150
19%
v
•
6 % 7 >6%
400
Oct
27
Oct
Oct
Nov
3:6 3
30
100
18
100
x—
17
"pfdIIIZibo
—No
Nov
41
Jan
Dec
10
Apr
77
May
88%
Jan
233/4 May
."
393/a
Nov
Nov
63
12%
Sep
Jun
84
Jun
13%
9
Jan
15
88
Jun
140
Jun
106% Jun
10
74%
.25Y4 Oct
26
10
13
Mar
19
90
Feb
100
.•.■••■)a Si
Jan
2
115
Nov
107
Oct
7Ys May 10
97% Nov
45% Sep
9% Apr
30
8
3
Feb
26,
10
140% Oct
28
4
26% Jun
29
5
119% Nov
Jan
95%
Dec
13%
Jan
13% May
12
80
<
Oct
Nov
20 Vb
Oct
9%
Jan
1
;257/a Jan
aJun
r
Jan
44
•95
Oct
Jan
81
Nov
Jun
'
12Ya
Sep
Deo
-
32%
;
Jun
.
18
8
19%
57/a May
Y
24% Mar 29
Feb
Jan
8Y4 May
17
33/4 Jan
par
20%
Mar
Jun
15% Jan
96
53/4 May
14% May
88/8
Jan
84.
No par
——.
u
Dec
26% Jun
143/B Nov
CutlerrHammer Inc
Nov
16%
32
Z
'
July 15
82 Ys July 20
x5% Dec
—
A
I
987/a
.
,
5
30% Jan
No par
Dec
85
38
l3/4 Jan
par ;
14Ya
11
Jan
No
Apr
Jun
10%
•
223/4 Aug 11
Jan
—100
'j
Nov
14% Jun
92% Mar 20
.10% Jan .4
30
—5
f;
Nov
7/a
hi
-
9
Jan
Feb 11
105
Oct
3%
2 »/2
7
9% Jan,
73/8
Dec
May
Apr
'•
26
6
Dec
58
179
Apr
12% Jan
••'•
2
;
17
—No par
$8 prefened
31
3~7~%
Apr
Apr
23»/a
42%
23% July 27
.47,
997/a Aug
XX
Cushman's Sons Inc 7%
2,bo0
6
2
X
preferred—
Class
1
15
12
9
4
preferred—
Curtiss-Wrlght
77-77.
19%
Jan
183/a Jan
37% Jan
-
81% Jan
$7 preferred—
-59,800
;■ 153/4
par
par
10
(The)—-
;••;
Jan
23% Mar 12
27 5/b Nov 117
Inc
Pub Co
;
Jan
159
May 17
11% Jan
i_wP
Nov
61%
2
No par
Amer_
21%
12%
Mar
45
108'/2 Aug 19'
4
Prior
2.200
534
(*110
4
20
700
15%
lb
Curtis
16,300
•42
42
Press
4 % 7t
P
5
preterred- —X——l«o
conv
Cuneo
7
95 7
ot
preferred
-5% *«
5%
793 / 7
40%
119%
193/a
■
95 y2
x5%
15
■
-
X40%
6%
14%
5' /7;7
■
;
95%
Jan
16% Jan
I86Y4 Sep
No par
preferred-
Cudahy! Packing Co—-
800
103%
95
No
x
-:27%t Dec
Apr
22 3/8 July 14
100
7%
3,200
7
2
100
V
22%
22%
14% Jan
preferred—,—.
:
,
20
7
__._25
——No par
18
Oct
D
*6%
*6%
6%
24
12%
6%
*18
12%
*6
7,
24
■110%
111
110%
*21%
22
21%
21%'
34%
34%
34
333/4
33 3/4
33Y4
*17%"
is y8
13 3/8
5
5y8
20
20'%
*45
5"
193/4
50
*45
28
28%
31%
31%
41%
11%
P HP
*29%
-
41%
30
P
29%
*96 W
99
*14
413/4
93
"
213/s
203/4
213/B
1,100
Decca
Records Inc
36
361/a
36%
5,800
Deere
&
333/4
333/4
333/4
333/4
1,200
7
17%
*17%
17%
100
17%
13%
5%
*45
28
31%
123%
27 %
28%
*28%
31
48%
Detroit
300
Devoe &
30%
800
Diamond
*39%
40%
500
11%
11%
1,900
P 11%
297/B
*29%
29%
29'/a
' 293/4
99 •'■
99%
99%
99%
12
*14%
15%
14%-
14%
14
14
43%
43%
43
43%
42%
43
29s/a
295/a
29s/a
297/a
*29%
>
123%
7
122
*118
122 y2
140%
138%
124%
HT24%
1243/a
116%
116%
*115%
29"%
*29s/a
800
Cup
Class
Co
A
28%
1,500
7%
600
Dresser Mfg Co
Dunhill
International—
Duplan Corp
8preferred—;——^
116%
138%
"124
116%
139%
139%
-124
12
122P
>118
1393/4
138%
*115%
140%
6,300
124
124
116%
*7%
*11%
122
7
Jan
113/a
Oct
47/a
Jan
18Va
Jan
124
124
1,200
116
1153/4
116
v
120
48% Apr
30
V 37
Oct
14
Jan
21
Jan
8
18
Apr
27%
Jan
Jan
6
42 Vb Nov
15
33%
Apr
39% Aug
20
2
Jan
Du P
18
Nov
32% May
29
Dec
165/8
28
Dec
Dec
May 20
20
25s/8 Sep
44
NOV
30
73% May
8
Dec
87
33
15% /Jan
Jan
Feb
22%
*.
2
No par
16
9 3/a
»/a Mar
1-6% July 15
July 12
45
No par
No par
_1
16
70Jan
20
122% Nov 26
63/4 Aug
May 10
26
Oct
7% July
93/4
Apr
Dec
11
8
Apr
163/4
4
51
May
703/4
Oct
May 28
1
35% Jun
95
Apr
134%
Dec
153
13% Mar
16 Y4
Dec
5
23/4
Apr
7,
Oct
9
Jan
4
137/a Apr
8
8
Jan
10%
Nov
100
115
Jun
24
122% Oct
29
112
Feb
& Cox—_20
(E I)
5% Jan
par
134
Jan
5
159% July 15
102% May
144
Jan
No par
de Nemours
$4.60
-38% Feb.
17
22 Ys Feb
No par
Apr
35% July 12
1
No par
—
27/a May
14s/8
37 '
33 Va Mar
10
par
.——No par
283/8
*118
Nov
Apr
V/b Jan
1—100
-——-No
;
Dow Chemical Co—
122%
13 Vb
97/a
6
Mar
173/4 Jan
99% Dec
:
1,100
7%
14
13
Dixie
124 i/a
12
Dec
Nov
7 :
40
*
1241/8
283/4
Dec
27%
30%
5
22 3/s July
83% Jan
5%'f preferred—x—:
500
650
Douglas Aircraft
*118
139%
7. 124%
14%
43
;
;
42
6,600
73/8
10%
Apr
10% May 10
353/8 Oct
5,800
283/a
173/4 May
2
12
8 3/4 Jan
8
45%
*11%
2
3%, Jan
167/8 Jan
2}% Jan
"22%
7%
20% May 19
par
21
12%
2
37
45
28
Jan
2
preferred—
partic
21%
...
12
18 %
Jan
25% May
July
.25
67c
45%
*11%
36% July
a.
-
21%
7
12%
5
Jan
443/4
*273/4
7
*11%
12
43
110
4% Apr
243/4 Sep
11
Jan
Jan
26
—No
21%
125
Mar
Jan
-No par
Match
44%
125
102
26
& S W RR Co—100
Rtynolds A—
20%
1243/4
Jun
50
x
Doehler Die Casting Co
Dome Mines Ltd—
123
27
7
12%
29%
116
—20
Western—
—
44
:
.
123%
27
*14'
7
20
par
1,500
29%
*97
.•
40%
Nov
Diamond T Motor Car Co
Distil Corp-Seagr's Ltd—No
1,900
99%
29s/a
99
*39%
Lack &
billsdale
29
30%
11%
99
273/a
117%
*45
28%
31
40
X29%
123%
27
125 y2
48%
28%
11%
21%
117%
Delaware
Detroit Edison
40
45
125
*45
48%
•■31 %
12Va
10
;
{Delaware & Hudson—,-——100
9,700
8,200
11%
44
139%
3,200
5s/a
193/4
40%
20%
*118
13%
Oct
Aug
] 0
—
Dec
8
15%
■1/ 29
par
4
17V4
Jun
"
5%
19%
40%
7
21%
140%
133/4
5%
20
32
28%
453/a
122%
.<•
Deisel-Wemmer-Oilbert
'
48%
27%
21
140%
14%
5 Pa
19%
44%
7
13%
5%
20%
3P/4
15%
*11%
14
5%
193/4
21%
*118
135/a
*17%
5%
45.%
7%
17%
20%
*45
•
*173/8
No
—
Apr
Jan
19
•
20
—1
—
1
Co—
Preferred
Mar
9
2
108% Jan
pfd—100
35%
13%
43 3/4
125
Dayton Pow & Lt 4% %
21%
■7
111
27/a
77/s Oct
19
Jan
Jan
17:
12
(The)—-l
2iy4
29s/a
12 V*
90
8
-25
Corp
33Y4
30
98%
29%
*7
110%
Chemical
35%
*110
11
*43%
*11%
110%
Davison
333/4
*173/8
413/4
*14
27
2,900
21%
11
15 Va
♦122%
123/4
,
35
32%
29%
'
123/4
33%
20
433%
■>.
24
*18
12%
34%
5%
29%
45
110%
24
12%
33%
*33
20
43%
21
110%
7,
21
283/4
'7113/4
*18
125/a
Davega Stoies Corp
5% preferred—
111
48%
28
*313/4
24
12%
'•
21
137/s
;.
*18
12%
6%
*110
'
17%
17%
14
13%
110%
*6
24
12%
'.
34%
333/4
•
*18
123/4
12%
6%
124
Dec
1
130
Aug
11
Nov
3
1213/4 Sep
2
120
Apr
111% Mar
127
1.153/4 Dec
118%
Dec
11% Nov
22
443/s July
a
No
preferred
Duquesne Light 57#
1st pfd
100
9% July 16
120
July
-
10%
10%
10
'
*34 y4
34%
34%
10%
34%'
9%
f
10
33%
6%
152
9%
34%
*5%
33%
"
6
6
6
6
1
154
*152%
*177
181
153 3%
152
*177
151%
181
*177
.
181
"
'
*37%
38
37%
37%
373/4
17
*16%
17
16%
35
*177%
16%
34%
152
373%
*16%
343/4
34%.
85/a-
-
•
8 3%
8%
8%
35/a
*33/a
3%
33/8
4
4
4
4
84
85
85
88
*81%
82
29%
82
37%
34%
83/a
3%
3%
87
84
38
38
•
38
82
X36%
34%
8%
3%
4
89
85
36-%
29%
29%
56%
56%
*56%
57Y8
*56%
57Ya
107%
107%
106 3/4
107%
106 3%
106 3/4
73/8
7%
7
29%
7%
*28%
7
30
7%
10
10
33Y4
33%
6
,
38
*:16%
34%
t
t-
P
8 3/8
6
153
5%
x
:
181
*175
38%
"8;3/4
3%
10 Ve-
*6
153
•;
105/B
36
83/4
3%
3,800
34
'■3.4
■
153%
154
>176
:39%
17
17.,
367/8
Rolling
9 :
•
3 5/8
*
■
,
170
26
11
Oct
15
Jan
Electric
Autc-Lite ' (The) —I——5
30Vr Jan
4
39 Vb
July
2
20%
Jan
30 3/4
Dec
9 y8
j
8,600
Electric
Boat
11
Mar 30
9%
Dec
1334
Jan
Elec
5,700
5,700
84%
85%
Electric Power & Light$1 preferred
84%
84%
84
86
36%
3,500
36%
363/a
363/4
365/8
363/4
2,200
&
28%
700
E)
56%
>*56%
563/s
565/8
300
Endicott
106%
106%
106%
103%
630
7%
73/4
7%
73/4
12,500
■
Paso
5 %
86 3%
87
86
*86
87
*86%
87
86%'
86%
280
86%
87
$5
86
86
*87
88
87%
88
88%
07
87
87
960
88
88
$5%
89
88
-89
88
893/4
*89
-93
500
$6
Ft
%
footnotes
%
see
%
page
2271.
V*
•
%
%
%
%
%
800
shares
4
5
20
92
Nov
19
No par
28% Jan
88 % Nov
19
No par
33 3/4 Jan
20
2
427/b Sep
20
Corp
3
23% Jan
7
—50
49 % Jan
5
Public
preferred
preferred
_100
Service
Office
234 Jan
2
Sep
9
Feb
17/b
Nov
1 %
Nov
Apr
35%
Jan
15
Apr
323/4
Jan
29
Jan
34 %
Nov
19 %
Apr
393/4
Apr
1073/a
Feb
30
1%
Apr
263/e
Peb
49 %
Dec
Oct
112
3%
Sep
27
40
Apr
573/, Jan
92 % Sep
27
46
July
73
No par
62 % Jan
95
Nov
10
47 V2
Apr
83
/«
Dec
Bldg
No
par
54
Jan
% Jan
92
1% Mar
1.
Dec
Jan
Aug 21
9% Sep
Nov
36 %
3/4
58% July 17
113
180
——No par
No par
preferred
{Equitable
—<1
lUC'A Dec
,
May
A
63/4 May 20
X32
Mar
;
17%
53>„ MPV 10
1% Jan
31 % Jan
Gas
Johnson
13/4 Jan
No par
—•—
;f
30
No par
preferred
86%
M
Natural
Engineers
86 y8
I/o
Am
preferred-—,
Electric Storage Battery,-
106 3/4. 106 3/4
7%
Ind
$6
88
86
Mus
Sep
Jan 19
8 3/s Nov
3
.x.——
3,300
7%
Dec
8
35/B
28%
Jun
Nov
Sep 20
45/3
28%
184
Dev
4%
453/e July 15
90%
57
2
34
.151%
,19
87%
28%
20
,
Jan
Apr
108
8
4%
29
2%
May 19
ll'/a Feb
200
■
88%
56s/a
16%'Apr
170
35
4%
*28%
146% Jan
8% May 28
X173
Co_,—At— No par
88%
4%'
2
preferred—Ai__——100
Kodak
cum
89
w*
13
3s/a Jan
Eastman
87%
4
3iy4 Jan
5
—
Eaton Manufacturing COxx——x—4
Edison Bros Stores Inc_A,:
-2
86 V2
87
Mills
2,900
'■39%
.
—4
inc,———,
1,200
6 7c
37
3%
Amines
3,000
17
9y8
aaaitun
Eastern
180
39
9%Nov 30
Eagle-Picher Lead Co.———-—
2.600
2,100
6%
.
363/4
*16 y*
r
343/a
.6
180
38%
17"
35
152 3/4
10%
;
it
Apr
2% May 22
Cuua, h.h b% preterred,
Cuban-American Sugar.
2,900
113%
6
2
Zelierbach Corp
conv
Crucible SieeJ
1,000
15%
103/8
,22%
,
V
$5
390
8,200
10%
*102%
.77
"
*105.
*110
7
PP
2
a—No
preferred—
Crown
2,400
7
28
•15%
P.;'
22%
*130
•
19%
..'7V-7
15
7.95%
113%
*22%
5%
88
;
'"
77
■
$2.25
'
27/a Jan
2
Nov
50%
•
Apr
7
61 Vb May 21
■<> U Jan
Corp (The)-i.
i
Dec; ;
A". 8Yb
47
1
preferred-—L—i—100
conv
Crown Cork <fc SeaL
300
175
Apr
173/a Aug 20
Jan
53 s/8 Jan
_1
r
Crosley Corp (The)_
600
•
30
a
—
Cream of Wheat
2,500
r
?
2
'5
Nov
—
COrp
Co
5 %
200
"
403/4
15 1
7
*103%
7
22
108%
40%
19%
108
22%
7
15
*95
v7-'77 28
*113
777. 4%
4%
*130
19%
15
10%.
*104
86
C%
143
19%
15
10%
21Y4
Crane
600
153/4
27%
6
273/4 July
:
Jan
37
——25
-^..,—^—100
P 7,100
*67%
16%-
*22
108%
14%
■r
66 % 7
.7
10 3/4
*103%
23
40%
6%
*110
108
*83 •■)'•
15%
*130
'
7
20
Corp—_1
Co——20'
Refining
Preferred
30
19%
."45%
47/a
7'/4 May
25 y2 Jan
Trust
Bank
Inc.
■,
23/4 May
17
Apt
4 Vb Jan
1
Electric
Products
Internat
;27 %
15- 7:7."
15
21% ,22
-i:'
6%
'7
-
Exch
Corn
Coty
*48%
953/4 V-
10%
*113
4%
>
66 %
'
.7
10%
*304
14%
6%
'••-'
66
716%- '
*22
88%
41
-
*
-
'
.•
68
4%
86
125
7.7 67%
i
•
23
'*103%
77
108
4%
;
41%
*110
273/4
:/■ 14%
*113
113
4%
*130
;;-7 95%
16 %
90
15%
7/ 14%
95%
28%
-10%
22%
6%
14%
95
28%
•7
22%
4%
14%
7-
22%
*88%
Corn
Coty
*15 3/8
27%
45
■77x66
22
-
*26%
I 45
28%
16%
22% ,.7";7
108%
26-%
45
95 %7
10%
23 %
*22
26%
45
14%
67
7*102
106%
'•'22%
Cornell-Ducilier
310
1,300
'
Jan
"2%
21%
A
Aug 24
3,700
20%
83/4
Apr
53
43/8 /7 '
106 ";"
Sep
30Y4
Apr
1%
*105%
77-20 y8
15%
26%
x277/8
*15
►
10%
*113
*18
1
Dec
57/8
2C
45
'
104%
104
•7" 20% ■,.20%
28%
28
49 y2 Sep
•
15
x43/8
19-
4
153/8 Jun
.
183% Jan
30
7
36% Jun
.
Jan
40 3% Jan
x9% Jan
*1%
19%
95%
'■
*10%
16%
7
"■
Continental Steel Corp__
4,600
54%
*170
45
*43%
95%-
15%
<26 y2 Jan
^—5
—$2.50
Copperweld
3,100
•'77
Fibre
i—,~5
No par
Steel Co___i
—5
Conv pref 5%
series——i.___50
400
1,000
."7,
InC———a—20-
Motors—,
Gil of Del—
Continental
19,600
7
■
;
44
54
174
1% 7 s
1%
19%
>
20%
26%
45
*43%
15 Ve
15
Continental
14%
*43
'
"
.7/ 7'
27%
45%
;
50%
■
i
44
55%
*170
4%
l5/a
7;'
105
;*103%
7;
20
20
Z'V
1438
■7
11
Insurance—
14,900
.77
v;
*10%
Diamond
Continental
.7
,
P
'
Can
Continental
1,700
6,100
■
x295/a "-30 %/
*23
25 "
t!
,
Continental
2,100
44%
50%
43%
p I
11%
43%
10% 7 10 3/8
•
V 32
313/a
7711%
-
105
104%
15%
"*26%'
*19%
3% Nov 30
91V* Jan
•
2% Feb
wd^.
Gas
;
May 10
11
6
15'/a Jan
No par
.
•27
■
■■2
■■
Jan
90-
Corp
Natural
Consol
11%
30
55
"
20%
15
Laundries
Oonsojidated
79
"7
i*
No par-:
3,000
43%
-
*49%
43
■
175
71%
18%
I
4%
7-7
19%
-
'
.
OqiisqI
•Consolidated
'
;
32%".
7
25 7:
.
•;
14;%
43 ■>:.
7;.;:. 54%
4%
7%
Jh 18%
■"
104%' 105
*20'
■
200
13,400
Oct-i
V.
Jan
20 %
July 14
1 Vb
13
10 % Jan
—No par
i
-1
$2 pnrtic preferred
'
4% .71X4%
....
,7.--
50%
14%
7J
56
''
1%
1%
--'41
Y^r
3,400
719%
7
8
31%
bh:t
.
25 71
10% 7 10%
14%
43
175
4%
*4%
4%
19%'
•.
N
16
.
2
2% Jan
17% Jan
'
*173
176%
4%
•
of
14%
102%
19%
•
-
/
13,300
■
18 5/a
:
46%
v
-
■77-25
50%
>
7
4%
7-Y 30
10%
50%
7,7.xll%
..7'7
30%'-
50 V4
ii,':
11%
43%; 'A:- 43%
31%
'
43%
■4%
4%
31%
10%
7
10%
"7'
'7
25%
*103%
,7 7
■
97/a
145/a
iioy4
*109'%
43%
31%I
30% 7
■i'.y
10%
43%
*24%
*102
6%
253/8
7*10%: 710%''.
.
47%"
101 ' ,>i 102
7-%
xl0%
•
1,300
■
21 Vb Jan
par,
Coppermmes Corp.—i—;_5
Edison
Jan
91
1
-2
No par•
—_100-
$5 preferred—
Consol. Film Industries—
•
*46 y4
19%
7%
11
ir%*
Consol
1,900
•
900
9%
-
103/4
■■■■■"
102 %
19%
*10%
*89
.18,900
•
?
253/a
77
183%
14%
46%
7%
31%
10%
—
•
25
V 16%
;«%%
-Consol
•44y2jun
Jan
Dec
11%
Jan
16%
20
..Jan
45%
843/4'
;
24
-
7
share
2% Nov
54
"
.10%
.
14%
19%
I
'
' 10%
-
45%
10
Jun
107% Sep
2
36 3/4 Jan
25
Cigar_A—'
prior preiecred
5%
.July 9
44
2
3°2 Jan
'
No par
Inc—-No
Mar
30 Va
'
Co
■Consolidated
8,500
23/4
'16
6% t
25%
9%,
I'/ ;• ■ 10%:
;
*10%
■
23/4
■77- *
Edison
Conde Nast Pub
20
51
41
15
9% Jan
P.
$6 preferred series——No par*
; Congoleum-Nairn
■
293/a Jan
par
& Southern—No par
Commonwealth
500
■p
102% 102%
15%
*6%
9%
v<-
14
*45
'
•
19%
7%
4%% 4% ,7"-;
*30% ■' 31 ;
-
p
18
$ per
Sep
Sep
Sep
11
19
Nc par-
No
,.
14
104 Vi Jan
1
98% July 15
19 % July 14
-
7
30% Jan
100
Solvents——
Commonwealth
Jan
;25% Jan
-I—10;
preferred.;—
1,500
35/8-
'
...9
Comm'l Invest Trust—
15,100
•
1
105
;
par
'
X
18,;
10
9Ya
'•i7. ;■ 14
47%
19%
3?
♦174
p:
8 5/a-.
21% ."'21%-"7
-
25/a
15 VI
■6%,7
6%
'24%
:
9%
17%
;>7':
9%
14%
'
•
7',:2%'-
6%
25
,
'•■
17%
#45
-7
10%
45%
25
21
71'
No
Credit-^—--.
conv;
2,800
*104%
3%
.
2
Jan
-79% Jan. 13
preferred--—No par
4 % %
..
11,100
235/8
105 7"
3 %■
28
37
77% Sep
73
Oct
par*
Commercial
5,800
"
v
31 %
•
10%
-
*104%
3%:
7
■
;
22%
.
2
2
Highest
t per share
•
45 V
<
105
102%: 102%
15%
*6%
7,
:•
9%
9%
-'102%
•
♦103% H0%
I
24% 7"
'
:
*15%
.
.7'
i
,6%
17%
:.1A
13%
"
*45
2%
25%
9%
>
14%
9%
13%
23 y2.
7
*2%
:
15%
,
25
77-i'
17%
-17%
■
23%
■:.
22
-
5,500
24%
-23%
Co—,__No
Pictures--;
Commei cial
I
42,100
}V
•7 79
■r.i *8% ■'.:■
85/a \
213/4
3%
77
102%
24%
21%
.v:
r
21
102%
23%
•"•7*8%
8%-
$2.75
5,300
i
13
p
%
77%
21%
*104%'
3%
78%
23%
105
20%
.
; •
:2%
2%
15%
10
9%
•
21%
24%
8%
13
,21%
23% 7
3%
103%
23%
>
77%
78
400
7.
a v..
Columbia
1,100
373/4
■' U
;
16%
39%
107 Ve
.13%
%
5% Jun
40% Jan
100
.100
Carbon
$ per share
■
37%
40%
Xl3
n
preferred—
Columbian
;"
Lowest
2
.
Year 1942
"
;,
Highest
V/b Jan
par
preferred series A_
1
$ per share
Par
■
No
5%
;
'
88
•
Gas & Elec
6%
•
25% •••17
25%
'
r
24;'"" 7
*104%
3%
21
6%
*6% 7'
721%
105
103%
.
15%
*15%
8%
x21%
23%
—
•
23%
'7,-7 7.*8%
23%
*104%
3%
3% 7'7 7"
%
.76%
8%
23%
.7
;i>.
76%
21%
v105
3%
;
75%
21
23% •7
'-■23V4
II
8%
v
21 %
'
12%
%
23%
23%,
7:7
8%
21
12%
•
74%
■
24%
;*8%
,
%
tt
75%
12%
•
u
.
*104]/8
'
13
13
Columbia
69
;
H7 *37%
107 %<
40%
•
39%'
*104%
106 %
12%
'
*66 '
"'P-P''.
'
1,700
'
Lowest
:
23,000
73%
87%-;,;, ?sl.
16%;;; "i- '*15%.
16%
37%
73
Range Since January 1
EXCHANGE
Shares
4
3%
72
*85%
16
36%
40
72%
38
106%
41
407/o
3%
*37%
'
.
36%
106%
71%
;.r"
*104%
37
37
*104 %
69
85%
3%
Range for Previous
NEW YORK STOCK
'
,
the Week
per share
$
lor
Sales
Dec. 3
$ per share
-15%
16%
39%
i;.'
Friday
Dec. 2
$ per share
3%
'
*67
:
*37%
73
*85%
!,
:•
88.
*85
STOCKS
Thursday
Dec. 1
3%
72%
68%
V *67
69%
'
3%'
PRICES
Wednesday
S per share
3%
72%
73%
SALE
HIGH
Tuesday
Nov. 30
3%
*72%
AND
Monday
Nov. 29
Nov. 27
Monday, December 6, 1943
66
Jan
JaD
Jan
Jan
%
Oct
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4235
158
STOCK
NEW YORK
LOW
Monday
Nov. 27
$ per
93/i
*76
6%'
6 Ma
3U
*2%
'1 ?'• *4]'.
•
21 Ma
9
9%
10
20%
21
3-
•2%
2Mb
6 Mi
Erie &
Eureka
6,300
6%
Pitts
Vacuum
8M4 Jar.
Jan
9
39 Ma Jan
12
52 3/4 May 19
68
18
78
Cleaner
5
2,700
Evans
1,800
?1%
jt l ma
£
21%
21%
:
■'200
2%
M2 Jan
4
16 V2 May
4
4%
2
9% Jun
14% Jun
2.50
% Jan
19
30 Ma Nov
30
21
29
20
3% July
Oct
10
Oct
44
Jan
Dec
70
Dec
5
29 Me Mar 30.
„3
10 Me
Jun
Jun
8
4
8
3% Jan
.5
Highest
J per share
70
Nov
Co„—
1912
3% Jan
24
Nov
Previous
32 Mi
...
v
5% Jan
Ex-Cell-0 Corp.—
Exchange Buffet Corp..—.
2% '
16% May
9
No par
10
21
*
8
50
10
3
S per share
share
__100
RR Co
Products
$ per
Year
Lowest
——No par
-No par
lnt
5% pref series A
21;.'' '
21 Mi
•
*2 Ma'
4 Mi
Sep
Apr
7 Me
Dec
May
28%
Oct
1%
Jan
4Ma
20
•1
1
li
Jan
lMe
NOV
42
Mar 26
27 Me
Apr
37 mi
Jan
28
May 27
19
Jun
29mi
Jan
6
Jun
8 mi
•••■■
32Mb
30 Ma
30 Ma
30 Ma
31
21
21%
21
21% M
21 Mi
21 Me
9 Me
9%
..
9 %
8%
*14
15
*103 Ma
105
105
105
14
14%
*
31%
'
"31 mi
:
21%
2,400
Fairbanks Morse a Co
3,700
/:
21%
105
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2 0 Ma i ; :
20
17
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.
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17
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9
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v
Fajardo Sug Co of pr Rico
..20
Farnsworth Televis'n & Rad Corp_l
'
'
9 Me
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.
9%
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32 Ma
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:
82
6%
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6 Ma
Ma
9 Ma
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«'MM
<
6
6 Ma
6 Mi
20%
9
>75 Ma
f per share
Par
Ctfs of benef
'
1,600
Range Since January 1
Lowest
Highest
1
\
.
Erie RR common
24,700
44
82
*75 Ma
82
20%
■
2%
*75 Ma
-
.
5,200
9%
9 Ma
>43%
Range for
STOCK
EXCHANGE
i'V-h,---
^
*32
6
Mi
20Ml >Un:
20 Ma
■•
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6
9 Mi
20 Ma
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82
97/a
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9%
NEW YORK
Shares
share
44
44
43%
the Week
$ per
9 Ma
9 Ma
9%
9
43 Mi
share
per
9%
9%
9 Me
Mi;
9 Ma
*75 Ma
$
$ per share
43 Mi
9
9%
9
9
<■41
82
*75 Ma
63/a
'
20 Ma
9
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9M4
43 M4
83
9 Mb'5
9
44 %
x9
9%
44%
STOCKS
Sales for
Dec. 3
Dec. 2
Dec. I
$ per share
share
per
9
10
9 M>
'J
$
share
44
Nov. 30
Friday
Thursday
Wednesday
Tuesday
Nov. 23
Saturday
RECORD
SALE PRICES
HIGH
AND
2265
19%
m
xl7mi
17 mi
4Me
'
i
Traction
67/e Jan
Federal
200
Federal-Mogul Corp
800
Federal Motor Truck
No par
Federated
No
Min & Smelt Co
11 Me Nov
1
2
19 ma July 13
Jan
"7
19 Me Dec
•
No par
»
500
Nov
8Ma Nov 29
2
105% July 27
29mi Apr ,5
17Me Oct 25
15
17
*16%
4Mb
10
Light &
$6 preferred
19 Ma
19 Me
17%
Federal
400
"
105
*104
105
19 Me
••'••
4,900
86
-2
13
5
Feb
18.
69 mi
Sep
93
19 Me
Dec
,
Apr
Jan
24 Ma
13 Ma
8
Jan
■
Jan
■
Dec
'
*4 Ma
•
4 Ma
4%
4 Ma
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23 Mi
22M1
22%
22
22%
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'
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97
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43 Ma
104%
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33%
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33 Ma
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34
18
18%
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18%
18
106%
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34
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13
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108
4
4
.
Food
116%
116me
::
;
19
•'
'
v
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630
19 Va Jun
2
7 Me
Apr
14 Ma
28
29Me
Apr
43%
Dec
July 15
13%
Jan
26 Me
Deo
104%''Jan
6
87 Ma
Apr
31 Ma Jan
15me Jan
7
977/e Jan
11
No
81%
*26 mi
/
'
10
'26%
Machinery Corp
130
3 Ma Jan
Fruehauf
'
38
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26 Me
*26
35 Me
51
51
10
cl A
•
102
49
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49%
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147 Ma
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6 Ml
145
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4
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163/i
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40%
conv
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116
114Mb
■
•
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114Me
;*
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115
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51
117
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101
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130
...
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17
4 Ma
Corp
134;
.
—No
A
7 Mo
*6 Mb
7 Mo
Foods
No par
No par
Corp
preferred—^
$4.50
:
50 Mi
6 ms
6Mb
106
Xl8
5 Mo
preferred
General
23,200
900.
20 M2 Jan
151
*104
6%
6Mb
•
/ Jan
18Mb
*18 mi
19
110 Mb
*110ma
113
19
115
10
18
18 mi
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45
4g
19
113 Ma Jan
;
1
39% July
19 Mi
19 Ma
'1
46
18%
13 Me
13 Ms
14
80%
81
82
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21%
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17%
11
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i
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.
19
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70
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18.
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Gen
300
:
47
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46
,
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Gillette
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/
100
83
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47
;
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-
1,700
47
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*
2 mi'
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>
100
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3.4%
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100%
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!.:;; 7%
loomi
*99 Me
-
3 7 Mb
*97
vM
100
1
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;
98
(Adolf)————
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1,000
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—
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102 Mb
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103 Mi
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8
,.
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,.
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8,300
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800
$5
lme
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/
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15
-
23
par
24% Jan
Gotham
24
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44 m.
44%
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•
11%
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5%
'
32'-
32
45
46 %
-
19
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10 mb " ,10 m b
3 Ma
•
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'
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'•
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-
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45 Me-
45%
1,500
24%
24%
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534
30me ; 32
4 4 Mb
"
Apr
8 Mi May
55Mi Jun
19 Mi
Jan
14%
10
11
,
Jan
15%
Dec
3
Jan
5 Me
Nov
x40% Mar
i
22
/
61
•
Nov
20
13
Jan
Oct
25
56
Jan
14
8
41% July 17
10 Mi
108% July 14
60 Me
"'4MiJan
1Mb
■it
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Nov
5-
x58
Feb
Dec
.83 Ma
Jan
29.
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82
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par
Oct
Feb
27
.-
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9
-No
■
Jan
44
July
73.
Jan
16
(Mi'Jun
s-Mt
Nov
5%
65 Ma
Apr
6
6
100
Feb
7%
Jan
80
Dec
Sep
90% Jan
100
Jan
16Mb
110
101%
.
9Mb Apr
Jan
20
May
Feb
79 Ma
13 Ma Mar
10
25 Me Jan
—
...
14
14 Me
2,600
237/a
13,600
Granby Consol M S &
Grand Union Co
Granite
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23Mb
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151
;
58
43 %v ' 43 %
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19 Mb :
•
23%
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151
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Dec
27
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90 Mi
Jan
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4%
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•
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:
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.
—IGMbb -10 Me
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•
.
„..*HVb
129
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/
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.
;.
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-
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■■
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..
11%
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;
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33
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'
129
a
'
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.2,300
1,300
70
1,100
44%.
i
.45
9,400
Gulf
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8Mb
Apr
Dec
9 Mi
Mar
6
Nov
Sep
24Mi Jan
27
26
July
2
Nov
27
18
Apr
1
13 Ma
Dec
18 Mb
Oct
32% May 10
19Mb
Jun
25%
Feb
par
100
& West RR——
(H L) Co Inc
nreferred
Oil
6
37
1
14
21% Jan
7
23 Mi Nov
19
Jan
2
138
14 Ma Jan
Jan
4
11
Corp—
-No
13
2M4 Jan
81 Va Jan
v*?
25% Jan
44% Nov
18
3Mb Jan
5
2
2
:
28 Mi
Apr
Jan
143
Jan
63 Ma
Nov
25
Apr
33 M2
;
Jan
May 27
10 Ma
14%
Dec
,
Jun
4
11•
Apr
.,11 Ma Aug
Mar
10
% July 16
10 Va May
12
,
22Mb
Apr
1603/i Jun
19.
Feb
July
17 Mi May
10 Ma Nov A 9?
25
July
50
Jan
50
21
■
Nov
23
11
8
27v
32
Sep 27.
65.
4
22 Me May
22
130
153 Mi May
Sep .10
31M4 Jan 19
25
-——
27% Jan
,
57 Ma
par
8% preferred..^
Gulf Mobile St Ohio RR.i— -No par
*.
Sep
.4.,
.v.
7
July 13
13% May 29
-100
6,000
63/i Apr
17
9
par
100
——
Guantanamo Sugar—'— -No
6
.
3
par
Grumman Aircraft Corpj..
33
5 Mb
'
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Greyhound Corp (The).
—10
'■5Vz7<f preferred——
33
:■>;
:i'i
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300
5
29 Ma Feb
pfd. -No
Green Bay
Green
16
Jan
par
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Sugar
Great 'Western
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8
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200
*-*'
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2;
If Jan
4
A SeP
2% May 10
10
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Co
(W T)
Nor
5.
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City Steel
preferred
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Great
-1
Motors—
P—
Graham-Paige
100
14%
'
'
600
33'/a
58
..
11 Mi
.10 Mb
'
128
: 5 Mb m
i
*11%
3 ma
'*126':-
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Preferred
Oct
Nov
45% Sep
11
Jan 11
Jun
31Mb
par
——
Nov
Mar
par
83
Jan
Mb
25/
102
Jan
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14 Mb
-No
'
.
32
1,900
v
24 Ma
23Mb
44 Ma
19
-15
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11,000
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,
15..:
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58
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23%
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23 Mi
58 Ma
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11 mi/
127
5%
/' *31
/
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; 3%
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.(
33
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151 mi
44
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15
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l7/b May
3 Mb May
,
5 Mb
109 Ma May
107 Ma
97 Vb Aug
■/
8
Nov
■
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Mi Mar
50<, May
laMa Sep
37% Jan
Jun
Jan
14 Mb
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'4
'
13
12
Jan
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...
preferred
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,
July
30
Jan
23
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48
Jan
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101
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v
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8 ,v.
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Jan
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•
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8
28
Oct
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'
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2
100
preferred-.-^—--/i— -No par
5%
,
300
lOOMi
102%
8
...
200
97 Ma
34%
/
8,600
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4
Co--——.—-1
Gold & Stock Telegraph Co.
Goodrich Co (B F)———.No
30
87 Ma
38%:, -39%
'
98
33 Mi
*101%
74b.
:
,
38 Mb
■
Jan
Jan,,
5
3,100
27/e
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-
86
38.
/
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33
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103 Me
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104 mi1
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37%
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343/a
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99%
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104%
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37%
x37-
-
Apr
13Mb Aug
23Mb May 29
112. :■■ July
4
60 Mb Jan
59
July
Nov
30Mb
Oct
9
2
par
July
24 Me Jun
4
4
Jan,
132
-
Dec
4
91
4
15 Ma Jan
par
"
;
.
16 mi Jan
>
f,
44%
17
15
2
108
Sep
Jan
90 Mi Feb
21 Ma Nov
v
Jan
4
23Mb Mar
2
Jan
60
.No par
'
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M* 2%
87%
'38 me
Me
Me
15
•87%
97/a Jan
,
No
preferred—1—
conv
5
59
Oct
9%
Feb
25% May 20 ,;
-
Dec
3 Mb
87
Apr
122
13
1% Jun
Dec
4Mb
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2% May 10 /
28
15% Jan
■'> 140
Apr
8
Nov
Nov
30
6'
18
8 Mi Jun
112
14
'
'
64%
112 Ma July 15
31% Jan
57/a
1
10 Mb Mar
4
No
—
Jan
46Mb Feb
Mar
1Mb May
2
14 Mb Jan
Co.
Nov
104
Apr
24% May 29
9
Mar
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-No par
$6 preferred
.j.........
Glidden Co (The)—-.—-- -No par
.50
4% % conv preferred.^—
700
83
■"
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.
$5
12% Jan
-5
Gimbel Brothers
4,800
'
■
•
Rubber
&
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General
.''•:
70
r
1,800
,
..—100
preferred.—
6 Mo
V
6,000
18 Mi
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12
83 Ma
10
'
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2,100
18%
112
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18%
*
-
'
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General Shoe Corp——
280
7 Mi
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Apr
July 23
2
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No par
.1
preferred—No par
900
'
69 Ma
';■;'
General Refractories
1,200
21 Vb
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7%
12
12 Ma
11%
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14
/ 112/
18 Ml ,18%
18 Mi ;!•
6 Ma
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,
18%
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100
—1
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81%
81%
21
•»
Dec
122/
21
Nov
6 Ma
2
—10c
Railway Signal—
preferred
Gen Realty & Utilities
Oct
Feb
53
Apr
% May
July 13
39
Mb
61
July 23-
131 Mi May
5
Jan
No pars.
6%
2,800
ltf
4% Jan
103 Mb Jan
-1
—
Public Service—
Gen
-100
'/46
/ 14
/
18%
r 112
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112
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18
7
21
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112
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112
1,400
:
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;
82
Ink
preferred.—
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Gen
19 Mi
18
14
81
General Printing
800
3,400
1Mb
113
*43
,
18%
13Mb
*80
-
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113
1
6 Mb
106
Jan
10 Mi
Ill-Mi
125Mb Nov
25
Apr
;
par
13 Ma Jan
Apr
21 Ma
6->
li;
Nov
56
Gen Precision Equip Corp—No par
16%
120
23
2% Apr
7
2,900
Nov
•
107% Sep
18%
66 Ma
•
It;
119% Sep
118
2
■
Jan
/ 3 Mb
■
Sep
6 Mb Sep
July 15
44 %
7
'
Sep
Jan
21
Z
2
x23
137
par-
Apr
2% July
3-
Nov
148:
9
44Me Jan.
106 /
19
May 19
32 Ma May
4
July 28
2 Mi Jan
1Mb
Apr
3% Jan
3,-
Aug 23
5
•
30
—No
2Mb
2Mb
11
Sep
98 Mi
22
1Mb Aug
93
17% Jan
*104
1Mb
*43
r
18 Me
*177/e
18%
,
*110 M2
-
12
Me
la
*43
-
*13%
-7%' '"7%
Jan
Nov
.
Mar
14
—No
3 Mb
18% May 20
13
34
par
*6%
106
1Mb
1%
1%
6 M2
*104
10u
110%
V
1%
13 Me
*18
18
Feb
35
2
8 Mi May
2
/
A
51
9 Mi Jun
2
1,200
Common
Apr
98
83Ma Jan
—No
;
8 Ma
Aug 31 1
128 Ma Nov
Motors Corp
Outdoor Adv
May
2% July
1
280,
9 Mi Jun
5
30Mb Jan
4Mb
Gen
35
1
Jun
51
100
10
—
preferred
$5
16
4
(.
18%
:•
18 Me
-
80%
//
Jan
07
■
Sep
No par
General Mills
■
1
2
4Mb
*34%
4 Ma
13%
*110Ma
Apr
Jan
12
130% Jan
•
126 Ma
80%
112
Apr
Feb
May
38%
Jun
107
71Mb Jan /'<. 5.
;—No par-
Gen Gas & Electric A
110
50 Me
13%
17%
15%
2
11 Mi Oct1 25
1
Mar
7Mb Jan
No par;
100".
preferred
General
800
126%
4%
,
18
17
rl8mb
15
*21
10 mi
45
1%
4
..4Mb Jan
par
General Electric Co—.--:.—No par
20
131
;
50 Mi
82
*111
18 mi. Nov
Oct
8
6% Jun
4
.
2Mb Jan
100v
preferred-—
cum
General Cigar Inc
9,500
101
130'
35
*81
13%
Jan
Nov
,/ Apr
85%
<
53% Apr
5Mb Jan
$6 conv preferred series A-No par
126 Mi
*34 Mi
•
4 Ma
4%
17 Ms
>104
45%
18 Me
18 Ma
418 mi
>
•
4%
112
*43
46
Dec
136
'
__._No .par"1
—.5
;
No par
preferred...
Class
■
3,000
'
50
-
35
1%
13
1
*43
Jail
.
12 me
Jun
30 Ma July 13
v
4
115
126
50;,
*34%
:
-
18 Me
112
115
11 Ma
42
"
38
'
1MB
18 Me
18%
*18%
*112
5
10
14% Oct
29
*
67/B
''' 1 %
Jan
36% Mar
mi Sep
1 Ma
15
Jun
Jan
120
2%
2%
/ *112
<
126
126
35
*34%
■
109
*105
.
Feb
5 me
j
'
27
10 ;
4% Jun
UMbApr
Jan
:
500
40%
5114Mb
i'.v".
2%
115
101
130;.
49 Mb
126
*125%
35
6 Me
7
108
Apr
14
21
Aug 23
11
6 Mb Jan
zi—No par
General Cable Corp
23,500
36
.
39 Mb
*128
:
-
101,r
•
*128
49%
2%
2 mi
2%
*112
115
101
173/e
*6 Ma
Dec
21 mi
114- May
4% May 17
6
9 Mb Jan
Amer
Generai Bronze
6,600
-
28
35Me
1
•
2
37
/
900
;
144% -144Mi
ifv
35 Mi
11
•
*106
9%
28,
July 10
110
19% Jan ,11
? 3
Jan 12
par
;5
preferred-.-—.——50
'
.'/
144%
35
40 ma
39%
27
144 mi
c
35%
347/e
i
26 mi
26 mi
26 Mb
*144%
128%
4%
17%
Dec
Jan
27 mi
•
27 Me Mar
Sep
31 mi Jun
2
,102
250
101
*34 mi
Jan.
Transportation.....
;5
General Baking
—.—:5
Gen
10
6M41
M 79 %
128%
101
.130
347a
38 mi
$6 preferred—.j__._No par
5,300
7%
79%
2%
*112
49' k j 49 me
-125me 126
.
126%
75
1% Jan
-_bl
Wood Industries Inc..
5M2%
2,200
80%
116
2 Me
2%
*34 mi
14 Me Oct
8
30
'
1
May
16
9 Ma Jan
•
200
79
39 Me
*1145/a
117
*100 Ma
*128
21
2Mb Jan
20
Gen Amer Investors.
1,000
/ 107
800
35 Ma
38%
115
130
*99 ma
5
;
12
•
1
'
*128
Feb
16 ma
96 Ma
Aug
8 mi Sep
12
Jun
140-
Feb
17
—No par
(Robert).
preferred—
Gamewell
70
.
"10 Mi
Vi,107
7 Me
;
6%
(The)
Inc
Co
'
2 Me
12
96% Jan
Gajdord Container. :Corp—
10%
146
34me
39
*112
4
30% Nov
^1
Gar
10%
26 Mb
•'
*144 mi
146
*114 Me
5
5 Me Jan
100
580
10 Mi
•79 mi
2%
May
19 Ma May
50
i-;
Co
1,700
10Mb
79%
115
51
7
xll6Me Nov
10
7,200
3 Mb
81 Me
116
2%
*112"
4
No par
4%
V'
4%
3 Mb
79%
35 Me
May
39%
Apr
Jan
28 i
,50
3
16 mi Jan
preferred
Trailer
conv
Gabriel Co
Galr
1,600
3 Mb
81%
-
3
9% July 15
2
Nov
,1
9 Ml Jan
__25
22%
22
403/b
6 mi
13%
37/o
8 1mb
38 m4
Apr
:
11
10 mi Jan
No par
/13Mb / 13 Ma
•
..
?
10 7/
/
5%
5,500
13
107;/
7
-
10mb
26 Me
Mar
18
Jun
39% Feb,
■
10
Freeport Sulphur >Co
400
3%
3 Mb
10 Mb
*144%
15
10
Jun
Dec
105
May
July 15
13 Ma July
7
'
2 Mi
3 Ms
33/4
10%
>; 34%
86
•
30 me Jan. -5,
i/k'n Simon & Co Inc 1% pfd—100
800
3%
51%
-
*145
6 ma
*6 Mb
r
.
/
7 Mo
10
ss Mo
9 mi
28
8>
.
10
Corp
prior preferred
Francisco Sugar Co
2,300
*2 Mb
4Ma-
40%
-
147%
*145
:
.
10
40-;.,
" /7
.
147%-.
6 Ml
393/i
10%
He-
34%
2
36
7
19 ma Jan
*
100
^1
1
6 %
•
—_
109
257/e
lS %
*106 mi
107
10 Ma
26%
*144%
16
July 29
109
25 mi Jan
par
_No par
29 mi
39 Ma Jun
22 Me Jun
5
par
par
'
;
43
112% July 12
No
$7 conv preferred—
2,400
31%
*108 Ma
'
'
22
/ 51 Ma
10 %
*9 Me
81%
.
230
i1
19
>
31%
2Mb"
13
11
i: *10 Ma
Jan
>
50% Jun
Corp__
Foster-Wheeler
3%
4% /
ma
51 ma
*50 mi
7%.
6%
4
*106 mi
>
4
39%
*145
6%
6%
87
8
Food Fair Stores Inc
400
13
13%
13
9%'m-
7
147%
*145
147%
*145/
:V'"' *6
74% Nov
22
14
No
1
preferred
conv
400
12%. m;
22
22%
'4%
107
39%
7me
7 Ma
5%'
16 mi
68
12%
13
22
:
-
51 Ma
*106 mi
40
39%
Me
4
9 mi
,
.
*12%
13
*50%
10 me
106%
7%
7mi
'
•
4.
13
51%
*9%
•
22
v v
4 mi
*50%
••
40 mi
40 mi
227/e
3
13
123/4
106 Ma
10 ma
106%. 107
Steel
Jan
27
42
——No par
Co.
48% '.48%
*58
3%
*12%
24
!'
Follansbee
18 Me
'
13
4
Stores-
(The)
Florence Stove
!
80
i-
*12%
*2 Mb
3%
3
22%
a
preferred-:
*15 Me
25 Me
25 %•
'2mi
2Mb
2Mb
xl2%
.
series
Apr
Jan
;
Florsheim Shoe class a__
1,100
31 %•'•:-•
-
108 Mi
2Mb
•i!
13
'
—
13
31%
31
108%
2%
4%
v
.
*12%
National
$4.50
1,000
'
26
68
12%
*58
25%
2%
*12
First
j-
I. 19
,
108 Ma
2Mb
•i
24 ma
*12 mi
preferred
Flintkote Co
...
*43% "44mi
-
117 !/'
*116 Me
>
25
*108%
;•/.'
6%
3,600
•:
'
'
l27/a Jan
Feb
11 Me
25% Jan
1
$2.50
Firestone Tire & Rubber.
2,000
35
«
/,•: 5%
/
16
109
25%
108 Mi
2mb
3 4 Ml
48
68
f
30 Me
30%>'
30 Me
2 Mi
2%
*2%
*58
i
108%
108%
98 Ma Nov
4 mi
>100
Enamel Corp
Fidel Phen Fire Ins n y
900
.
19
100M1
'
*25
•
5%
*15 Me
19
12 Me
18%
*24%
26
*107%
•
44 mi^
-*47 Ma
117
18 M4
117
*58
30%
i
35
,
19
*105
11 Mi /12,
11%
47 Ma
123/4
8
Jun
10
Ferro
-
3,bu0
2
15
^100
'
15
18%
68
v
.5 Me
*43 Mi
11 Mi
I8M4
12%
*
47 Ma
*14%
*58
5 Ma
.
*116%
68
34
-j
34%/-v,
26
42%.
c
15%
13
*58
2,800
Jan
78 Ma Jan
••■'•
par
3:
6% Apr
6
25 % July 14
4
•
15 Ma
'
/'/. 12%'
105
■*104 mi
<•'
33 me
*25
12
1163/e
15
-
4mi%
1,400
'
36% "'37%
10'6%
34%
•
48
116%
19
•<
-
4 4 mi
110
Dept Stores—.—
conv
preferred—
3 ma Jan
'
44
•
*18%
117
*18 Me
;
-
*11%
48
:
16 Me
15 Me
44 Ma
t,
187/e
*105
-5 Mi
"
7
18 Ma
26
*47
11%
<.47
:
5
5%
*42%
Xll%
•
47
*15 Me
5%
43 Me
5%
,
43 Mo
Mo
95 mi
:
104%
33 Ma
*•
42 Ma
'
-*5%
.
34
34;,/
*25
26
1,100
Xl5%
;
"37% •
104 Mi
18%
*105
",22
■
.
105 m
104%
4%
*94%.
:.15%
37
-4 me
22
.
t.44%m"
44.
•
,•■••
;
"96mi
::
15%
37,;■>
104%.
22
96
33%
105% : 105%
v
4mb ■■://•
22
3 6MbZ.
43 Ma
37 Me
i
22%/
22 Me
44%
45%
./•••
4MB
15%,'.
*15
153/e
44%
M X3b%
46%
37%
4 Ma
9 Me May
,14%
Jan
37/e
Jan
1% May
.
•
86
Sep
48 Mb
5
Jan
2 Ma
12
Jun
4 Ma, Oct
Jun
33 Mr Oct
18
41% May 12
1,
50 Ma July 26
6c
H
*26%
'..
r>
29
*36 Ma
,...
■
37
•
15 Mb
15 Me
^
.12%
,
t
*105
For
■
*26Mb; :29Mbi
*36 Ma
12 Me
-
footnotes
* 105
see
-
'
'
•*'*
15%
V *12:%'
•-*105
2271..
'
29
*36 Ma ; 37
12 Me \
-108
page
,*26Mb
(
,15Mb
15 Ma
■
12 Mb
108
37
;
•
v
■
'
,,
15Ma :
12Mar
] 108
:
,
.r
.V
■
«
,•
-*26Mb
29Mb
M?
37 «
r, 15Msr -15Ma
*36
12%
,*-105.
-
12%' V
108
v
*26Mb
-29Mb
*263/e '
Water———
—it
22Mb Feb
11
preferred class A—
-.25
35
Jun
1
Hackensack
293/e
*36 Ma
37
"
*36 Ma
-.*15%
*12%
*105
37
.
7%
-10
*14%,.. 15 Ma
13Mi
700
Hall
*12%
15Me
300
Hamilton Watch Co.— .-No par
13 Mi
Printing
Co
x
108
.
*105
108
6%
preferred—c
—
—100
12 Mi Jan
5
9 Ma Jan
18
104 Ma Mar 13
3
13
18% July 23
;19Mb May
28 Ma Sep
,38
35
Dec'
8 Mb. Mar
13
Aug
...
»
4
.95
Jun
8
110 Me July 28
15% Jun
Feb
25
Apr
29
Apr
.
Mar
Ml Mi Nov
1106Mb
-
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
2266
Monday, December 6, 1943
NEW YORK STOCK RECORD
LOW
Monday
Nov. 27
$ per share
*
.1.5
*104%
141%
141%
*5%
5%
*102
6
*138
LOlVa
*100%
2
*62
2
18
17%
18%
*79
*61
121 %
*112
115
18
*17
18
*18%
19%
18%
78 %
38
38
38
41%
14
12%
12%
300
2
63
Helme
79%
1,000
100
6%
•
200
18
19
19
200
Hinde & Dauch Paper Co
19
200
Hires Co
39
900
Holland Furnace
*18%
39
Xl4
13%
12%
*115
/ 116
14%
1,300
12%
400
38%
38%
6,400
40V4
*40%
41%
500
13
12%
12%
1,800
51
*51%
52%
40%
12%
13
*50%
51
51
111
*111
Xl2 %
preferred
61 %
6%
6%
61%
6%
•
6%
6%
31
V/z
1%
5%
5%
*5 Va
23%
23%
1%
•
31 Va
111
6%
31%
6%
31%
7
61%
31%
500
Hudson, &
1%
*1%
1%
1%
5%
*5%
5%
*5%
1%
5%
.200
23%
23%
23%
23%
24%
2,700
5%
1%
1%
lVa
1%
1%
1 Vs
1 Va
1%
1%
1%
1 %
4,600
Hupp Motor Car Corp—
9%
44 Va
*6%
15%
15%
15
15%
14%
34%
35%
34%
34%
35
87%
87%
86%
87%
*85
*157
70
7%
29%
,
6%
6Va
67%
1%
14%
*64%
6V»
6%
166 Va
65%
66%
165
164
-
1%
1%
1%
14%
14%
65%
3%
/
*63%
4
3%
25%
26
ok
26 Va
64 Va
64
•
7%
6%
X61%
:
*39%
50%
*104
12
*
15%
*29
30
142
*138
/ 15%
84
'
29%
*138
11%
•
83
127%
*124
128%
*75
*49 %
*104
26
6%
61%
7
7
61
29%
'.'50%
50%
15%
14%
*28%
11%
15%
109
29
142
10.9
V
14%
<N CO
*138
12
28%
111
83%
127%
84%
126%
*75
"
28%
106 %
*75
126 Va
*106%
203a
20 Va
20%
X20
20%
55
55%
55
55 %
*53%
54%
66
66
10%
10%
10%
19
16%
17
*65%
*10%
*17
*10%
10%
;
20
*53%
66%
x65
65
65
65
*10%
10%
10%
10%
Jah
7%
Dec
15%
Jan
43% Mar
60%
Jan
44
Apr
5
38% July 26
39
4
26
36
Jan
7
52% Oct
28
102% Jan
15
July 14
6% Jan
7
16% May 10
6% Jan
7
16% May 10
9% Jan
7
90% Jan
14
No par
10 % Jan
4
18
5
5
32% Apr
136
500
Oct
Dec
3% Nov
Jan
Mar
48%
Feb
32
Feb
26
May
May
04
May
104 Va
Oct
1 %
Jan
7 Va
Nov
2
Jan
7%
Nov
21
6%
Jun
10%
Nov
111 Va Aug 26
88 Va
Apr
95
Jan
7%
Apr
11
24%
Apr
32%
115
18% Sep
Jun
145% Jun
9% Jan
12
16% July
Feb
19
34
26
No par
Nov
46%
2
3 i
10
8
July 14
109% Aug 19
% Mar 30
Corp———No par
Jan
21
100
126
Jan
27
136
July 21
78
Aug 16
79
127
39%
138
Apr
5%
Oct
Dec
Jan
Nov
10%
85
Nov
33%
Jan
18% May
Jan
107%
May
50% May
Jan
Aug 28
&
—
—
—
Chicago
RR
92 Va Sep
27
122
73%
129
Jan
7
26% Apr
6
17% May
24%
Nov
9
65
Apr
5
53%
64
647/a Jan
8
82
Apr
6
61
8 % Jan
4
12% Jun 25
—10
Xl2% Jan
19
No par
No par
4% non-cum preferred
—100
Kaufmann Dept Stores————1
5%, conv preferred
—100
Kayser (Julius) & Co
5
Keith-Albee-Orpheum conv pfd.100
Kelsey Hayes Wh'l conv cl A—__ 1
700
10%
126%
stamped—100
Jones & Laughlin Steel
No par
5% pref series A
-—100
5% pref series B couv
—-100
Joy Mfg Co
1
900
10%
July 14
13% Nov
1
138
—-—100
preferred.—
Preferred
8,500
66
>
30%
70
4 % %
Joliet
54%
Apr
99
50
20%
24'/b
100
■
Johns Manville
2,600
127%
5
36% Apr
July 16
Co
Dec
4%
Jan
Jan
Dec
Apr
28
27% Jan
Jan
1%
39
135
%
12%
57
Apr
Oct
Jewel Tea Co Inc
111
*124
E
% July
3'/2 May
38
Oct
1
Jarvls (W B)
1,000
86
Dec
1%
1
Jan
July
30%
1
1,800
151%
Feb
Jan
Jan
61
1
■
-
166
11
preferred
$6
29
*75,:
20%
20
'/
8
Apr
No par
No par
No par
_—
10%
May
71% July 12
Corp.—
12%
85%
.
127%
66
;
28%
Preferred
Jan
40
11% Jun
Island Creek Coal_
200
142
*106 %
85
*124
200
12
*75
.
Inter type
*28%
111
83%
400
*138
12%
28 %
70
14%
28%
>'■
11%
16
109%
Feb
23 Va
111%
147
63% Nov
& Teleg
Jan
6%
Apr
2
No par
No par
—50
Feb
12%
5% May
109% Mar
4
45% Jan
Oct
74%
18% Oct
100% Aug
51/4
Oct
Mar
4%
8% May
51/2 Apr
11
Foreign share ctfs
Interstate Dept Stores
2,700
14%
29%
11%
*
32,300
*15%
14%
28 %
28
12
Apr 12
8% Jan
2
6% May 11
42
Sep
3% Jan
preferred-
Intern'l Telep
130
Jan
37% Jan
Silver
109 Va-
15%
109
142
12%
12
12%
11%
30
Nov
2V2
100
50%
7%
25
July. 2
23 Vi
Jan
100
Salt
International
5
Mar 25
9% Nov
Jan
May
No par
preferred
preferred
International
11%
*138
conv
5%
3% Jan
15
100
Co
Inter Rys of Cent Am
300
12
*15%
5%
8
No par
—100
Preferred
Paper
55 Va Jan
1
International Shoe
12
*14%
67
100
July 27
5%
13
32 V4
4% May 10
19
500
'
Sep 24
74% Jun 28
5
preferred—
6
177
177
5
40 Va
12%
9
% Jan
36 Va
12
20
Jan
11% Jan
International
120
20
56% Jan
162
5
35%
*ao4
9
9% Apr
25
&
4*38%
120
9
2
144 % Jan
6
Mar 29
Nov
—-—100
6
Mar 29
Jan
Chcm
Min
40%
*49%
115
No par
No par
—
_
36%
*104
38% Juiy
28
21
Jan
•
Harvester——No par
*38%
50%
21% Jan
106
6
Int Nickel of Canada
740
27
6
International Mining Corp
2,400
6% Jan
No par
Machines
*36 Va
120
*107%
7
61 Va
1
Hydro-Elec Sys class A
4%
1.600
8
—100
41
55%
66 %
130
5
9% Nov
62
—.-No par
Corp.
168
17
Jan
20
;
preferred
Business
158 % Apr
No par
Co——
36%
66
55%
Dec
Steel
Intercont'l Rubber
31,000
61%
11%
15 V4
111
,
7%
61%
20%
*55 Va
25%
130
130
55 Vu
20%
20
25%
/
11%
83 %
*124
*75
■'
36%
109
142.
'28
*108%
84
"■/'
14
14
*106% 111
84
130
132
*38%
50%
120
*107%
11%
111
126%
*49%
27
163%
54
3,400
14%
11%
25%
63%
*104
27
153
6 7o
5,000
62%
7
41
12
26
61%
36%
28
July 23
78% July 24
15% Apr
8
8% July
1
100
63
*39%
142
Jan
Int
62%
29%
*29
*138
Dec
100
International
63
*36 Va
15%
35
May
July
Apr
1,100
62%
6%
61%
41
109
Feb
Apr
74
3,300
63
6%
11%
1 5
16%
21
7
Interchemical
19,300
11%
14%
10'A
28
Preferred
13%
36%
493i
19% July 24
1%
3%
Dec
Apr
44% Jun
Interlake Iron—
4%
1%
ft Jan
100% Apr
International
4%
Aug
5% Nov
8
14%
4%
5 Va
Jan
2
1%
4
3Va
l'A Aug
23%
86% Nov 29
14%
4
1,
:•;>
32% Nov
Int
65
Apr
11% Jan
ctfs series A
1%
65
;
:
Jan
May
14%
65
Jan
16%
13
1%
*63
%
2
17
Oct
34% Feb
29% May
9
14%
-
Sep
4%
Apr
Jan
1,030
166
106
May
2Vi
4
9,400
12%
11%
*107%
165%
165%
96
1
6
1,100
68%
Dec
5
5,900
6%
167
12%
11%
15
68 Va
12%
11%
109
6%
167
67%
44 Ve
May 10
Inspiration Cons Copper
1,100
12%
11%
*14%
•'•;//
6%
167
Apr
16% May
60
6%
30%
Feb
48
100
1000
Insuranshar^s Ctfs Inc
1,100
12%
61%
.
120
*107%
*6
Nov
31% May
Inland
800
12%
11%
•;
"V
6%
30 %
111
11%
7
1%
65
132
111
.
Oct
Jan
7
100
14%
25%
V
133
11%
11%
83%
3%
%
*63
26
165
30%
30
113%
7%:
62 %
61%
./ *36%
/
49%
65
66%
165
1%
14
167
.
39%
2
8
100
4%
lines
No par
Rayon—
—No par
Ingersoll-Rand—.No par
G% preferred—
1-100
50
12
6%
63%
;
132%
64%
*7
41
165
1%
14%
*64
65%
*106%
164
14%
1%
120
6%
6%
166%
15
36%
*6%
6%
66%
62
28
*6
165%
64%
*11%
6%
6
12%
*15
30
*111
65%
132 y4
11%
29%
113%
165%
12%
*11%
29
*111
29
6%
132%
*4.9%
7%
66%
12%
*104
7%
*7%
7%
38 Vi
Jan
Central RR Co
RR See
4,100
.
Feb
Oct
Industrial
1,600
10
9%
165%
164
70
10%
113%
*6
<■
165
70
70%
Dec
Jan
115
Indianapolis Power & Lt
1,800
-
*157
70
6%
132%
36 %
167
88%
Dec
Dec
Jan
2% Jun; 18
10% Jun
4% Jan
7%
18%
Jan
8V4
9% July 13
41% Apr - 5
4
Nov
Jan
740
4,600
88%
"
30% Jan
Dec
Nov
18% Jan
6%
Leased
1,200
xlO
x66%
12%
*38%
*160
8%
15%
68% Nov
2
15
17
29%
Jan
37
;.<
440
36
10
9%
132 %
.
88
*163%
'
4%
*4
25%
88
500
preferred series A
Illinois
7,300
/'
14%
70
*7%
29
165
165
88%
9%
36
-
162
7%
*111
6 Va
67%
'
15
35%
70
10 Vs
6%
8%
8
7
14%
35%
161
7%
6%
45%
9%
70
9%
29%
6%
165
165
87%
8
113%
24
45%
•
162
69%
29
24
45%
-
15
10
*111
29%
112
23%
45
9%
35%
15
*35
*7%
10%
7%
9%
23%
45%
7
7
7%
15
35%
9%
10 Va
112
70%
69%
44%
87%
*157
162
*157
162
70
*
*23
9%
23%
■
9%
9%
23%
44%
7%
*6%
.7%
9%
*-22%
45
3% Jan
Jan
21%
2% May 10
1%
23
Mar 10
59% Aug 31
25
—5
U Jan
8,500
9%
2
Oct
Dec
102%
27
July 2
17
July 22
57% July 30
114
July 12
1
7%.
93
Jan
20
45
11% July 12
7%
*43%
42% Sep
6
110
Deo
48%
Mar
12V4
9
4% Jan
7%
*6%
31
<
8
No par
7%
9%
17
Apr
115% Jun
29% Mar 30
7%
45
17% July 12
6
Jan
7
11
14%
2
% Jan
6%
75 Vi
12% Mar
25% July 13
Nov
134
Mar
40% July
22% Jan
7
24
21% May 10
6
18
preferred——100
No par
6%
*43%
14% Jan
Oct
Feb
14%
Feb
Manhattan———100
non-cum
158
Apr
79
105
7%
9%
51
125
Aug 16
100
Co—No par
7
*23%
2
118
44
7Va
23 %
9
5
No par
7
23%
Dec
58%
Jan
5
of Texas v t c
Jan
94 Va
100
9% Jan
preferred--
.1%
Apr
30 Vi Mar
5
Howe Sound Co~
5%
*1%
6
5%
900
23%
/ 1%
.
Jun
May
141 % Apr
10 V» Apr
July 14
12
Houston Oil
%
71
16 % Jan
Nov
79 %
136% Aug 26
28% Jan 21
Dec
May
8%
45
4
Jan
Houston Light & Power
88
5% May
9
36% Jan
4,800
Jun
Jan
Jan
4%
Jan
May
-12.50
—No par
No par
B——
80
Jan
16%
146
Apr
Jan
8
1,200
:
87
5
Jan
104
3% Mar
20% Nov 24
22
Hud Bay Min & Sm Ltd.
Hudson Motor Car—
23%
.
73
Highest
I per share
Apr
X126
49
12% Sep
Household Finance——
210
61%
V
61%
6%
31 Va
31
111
111%
61%
6%
6%
31
23%
1%
6
61%
61
61%
31%
*31
32
61%
6%
61
111
111
111
111% 111%
110%
61 Va
8
130
.
'
110%
167
115 "Jun
Houdaille-Hershey cl A
Class
5
——No par
100
Homestake Mining—
600
:
(A)
Jan
Mar
1042
Apr
12%
3% May 10
110% July 23
71
Apr
2
12% Jan
10
1
—10
5
(Del)—
6
98
10% May 28
152
No par
Holly Sugar Corp.
7%
38%
40%
.
(C E) The——
Hollander & Sons
116
37%
40%
—100
No par
preferred
cum
2
56% Jan
No par
Hercules Powder
Jan
I per share
,
7% May 29
109% Oct 11
2
1% Jan
93% Jan 20
1
W)
(G
5
6V8 Nov 24
25
7 c/o
non-cum preferred——100
Hercules Motors—_
No par
400
130 Va
/■
Glass
3
86
1
2
Co———-—-25
Hayes Mfg Corp
Hazel-Atlas'
360
6
Feb
4% Jan
preferred
_—.————100
of Amer class A
—1
V 6%% preferred——
—100
Hayes Industries Inc
—_——1
6%
6,000
102%
37%
37
50%
6%
130%
<
14%
12%
50%
52
*50%
52
105
135
107% Sep 13
18% July
6
144% May 14
6
13 % Jan
par
Hat Corp
3,900
19
41
12%
13
116
*115
36%
*40
41%
*12%
117
36%
37V4
41
13
*115
117
36%
100
18 %
39%
*115
6
-—No
Refrac
99% Jan
No par
Co $5 pfd
(M A)
Harbison-Walk
116
*12%
14
13
30
*114
14%
14%
*12%
41%
13
*1%
7
4,400
Hershey Chocolate—
$4 conv preferred
*18%
39
60
15%
142
63
*39
19
38
*13%
37%
*5
*18%
39
14V4
*115
117
32
18%
*37%
;;
106%
Hanna
Year
Lowest
$ per share
$ per share
Par
*61
18
*16%
12%
13
*51
18
18
EXCHANGE
Shares
share
"< 79%
,.
131%
63
"V
Range for Previous
Range Since January 1
Lowest
Highest
STOCK
YORK
NEW
116
*114
,*13%
15%
*12%
37
115
12%
*14
*115
18%
114
18%
79.
*61
63
115
*16%
18%
*130%
*61
for
the Week
*163
79
78%
131%
•
*60%
63
18
18%
18%
17%
2
102
*163
*130%
18%
38
*60%
62
63
*113
116
61%
78%
*61
*17
100%
130%
63
*112
100%
6%
2
101%
78%
78%
131%
*61
63
5%
*5%
130%
78%
*130'/a
80
*130%
*102
5%
*163
17%
18%
105
2
61
*163
*163
*163
*5%
6
101%
100%
*60
62%
*138
*5%
6
2
2
100
62
63
*102
105
*102
per
15
15%
142
*5%
6
$
*105
105
15%
*138
142
*5%
6
105
*5%
102
2
2
*100
*102
6%
*5%
142
*5%
105
*102
%
6
*138
5»/j>
.104%
15%
15
*138
Dec. 3
$ per share
104%
104%
104%
15%
15
•
142
5Va
105
Va
*104i/2
15 Ye
Dec. 2
$ per share
Sales
Friday
Thursday
Dec. 1
$ per share
104%
15
15 Va
STOCKS
PRICES
Wednesday
Tuesday
Nov. 30
$ per share
105
.
HIGH SALE
Nov. 29
Saturday
*1.04%
AND
122% Feb
2
5% Jan
2
10% Apr
8
Jan
13
29% Apr
6
7% Jan
6
19 Va Jan ;
54
Dec
Dec
Nov
Jan
Jan
79%
Jan
13%
7% Aug
Jan
11
May
Dec
K
16%
123%
16%
124%
123%
6
6
6
6%
6
*22
24
*22
24%
*22
23%
*13%
14%
13%
13%
xl3
13
103%
103%
16%
15%
*123%
*302
*15%
*108%
112
108%
*19%
20
*19%
*12%
*110%
12%
12%
*110%
112
29%
30'%
30
103 3
*123%
6
a
*101%
15%
*15%
109
*108
19%
12%
12
16
19%
12%.
112
30 Va
103%
112
19%
112
126
112
29%
*16%
*123 Va
17%
126
6
6%
*22
23%
*12%
13%
*101%
103%
*15%
*108
16
112
*112
113
29%
29%
*17%
18
*29%
30%
*29%
30 Va
*29%
30 Va
*29%
30%
*3%
*50
21
6%
29
3%
3%
28 %
51
21%
21 Va
*6%
29
31 Va
51 Va
21
6%
29
31
<
31
3%
*50
21%
6%
6%
4
51
31%
*108
Xl2%
17%
4
xl5%
12%
*17
51%
*13
*1C2%
12 Va
17%
21%
6%
*22
xl9
*17
*3%
*17%
*123%
19%
17 Va
*21
18
126
*18%
*16%
*50
*17%
*123%
29%
3%
51 %
21%
700
6%
Kalamazoo Stove & Furn
.30
Kan City P & L pf ser B
Kansas City Southern—
5,600
*22
24.
13%
*13%
14
103%
*102%
103%
16%
16%
24
16
300
•
;
10
500
J
*108
112
20%
20
20
3,800
12%
12%
12%
1,600
112
60
113
70
29%
30
29%
30
17,300
*17 Va
18
*17%
18
30%
*30%
32
*112
29 %
*3%
51
21 Va
*112
113
7
*6%
7%
28
27%
28 Va
28
/;"
28%
31 %
31%
31%
31%
*6%
200
*3%
21%
4%
1,300
51%
70
21%
*6%
6%
Class
■
-
B———
Kendall Co $6 pt pfd
:
20
21%
7%
2,200
200
Kimberly-Clark
No
Kinney (G R) Co_;
$5 prior preferred.
8%
28
1,700
Kress (S H)-& Co
31%
2,000
12
Sep
16% May 11
Jan
Jan
29
28% Jan
7
102
Feb
Mar
124
Oct
Jan
7%
Oct
16
May
29%
Nov
6
Apr
11%
Feb
Dec
100 %
Jan
2%
81%
Jan
11%
Sep
93% July
10 V4 Apr
103%
14 %
DdC
7
4%
100
Dec
9
Dec
105%
Jan
May
Jan
24
35% Apr
8
15
26%
Jun
37%
Jan
11%
Apr
15 Va
Dec
July 15
24%
Jun
29
Jan
2
20 Vi July
Jan
7
34
25
5
117
Apr
113
15% Jan
"
par
28
Nov
24% May 11
1
31%
1% Jan
13
6% July 26
34% Jan
12
58% July 29
18% Jan
2
24
% Sep
22
1%
2%
Jan
Feb
2%
40%
Feb
Mar
30%
.17
22%
Jan
Jun
3%
Jan
Sep
:
2% Jan
—No par
11
10% Apr
3
23% Jan
4
32 % Sep
30
19% May
27 ""
Jan
24% Feb 26
Kroger Grocery & Bak—_—No par
_
13
14% Jan
1
No par
_10
——1
Kresge (S S) CO—
Kresge.Dept Stores—.
Sep
103% Feb
—
-
9
20
110% Aug 31
No par
Corp—
Aug
17
17
11% Jan
A——No par
Kennecott Copper—.
19% Sep 23
127
104
Jan
83
Keystone Steel. & Wire Co„JVo par
51%
4
51%
31%
28
*31
6%
6%
17%
126
32% Nov
6
*22% Apr
29%
Jan
L
*11
11%
11
*62
64%
63
26
26%
*16%
22
114
11
10%
11%
11%
63 Va
62
62
60%
63%
*62%
11%
.11
11
710
64
*62
64
220
•
257a
25%
26%
*25%
27
16%
*16%
16 Va
•16%
16%
16%
16%
35%
*34%
35" "
35
21%
21%
22
22%
*35
35%
*34
22
21
114
21%
*111
*110
1,14
%
*110
*26
26%
26%
26%
*16
16%
35 Va
*35%
36
22%
22%
•
1,100
600
'
200
22%
1,700
5%
Lambert Co
Lane
Lee
.No par
(The)—
.No
Bryant-——
Rubber
& Tire—.
Portland
Lehigh
*110
114
4'/a
4%
4%
4
4
3%
4
4
4
4%
4%
3.800
Lehigh Valley RR—.—-
1%
1%
1V4
1%
1%
1%
1%
1%
1%
1%
1%
2.400
Lehigh
14
14-%
28%
29
*13%
19%
14
14%
28%
29
*18%
14%
34
32%
34
38%
38%
38
38 %
0 %
6%
6
*36
38
For
fo6tnotes
*36
see
%
14%
28%
28%
*18%
32 Va
6%
32%
38
/
33
page
14%
28%
19%
28 3
34
14%
4
*18%
19 Va
39 %
39%
6%
6%
6%
36
2271.
36
*32
*35
19
114
20
15 Vo
15%
15%
15%
1,800
29
29
29%
2,9%
1,200
19
17%
18%
600
*18%
3238
32%
32%
33%
33%
40
38%
39%
38%
39%
5,400
61/4
6 Va
6%
6%
13,000
6%
36
36
36
36
36
1,600
300
4%
3%
conv
preferred—.
Valley Coal
conv
Lehman
—
—
.No
Stores
Corp
/l7%
7
7
26% Jan 27
Jan
11% Jan
20
Jan
19
21%
Apr
7
11%
Jan
19% Jun
18
39% Oct
30
4
29
120
107% Jan
50
2% Jan
27
2
12 Jan
2
July 17
July 20
8% Mar
15%
Apr
18% May
104
Aug
81/4 May 19
2%
Jun
1
(if
Dec
2% Jun
,
May
41%
Sep
18
Dec
11%
Dec
28
Dec
23 Va
Jan
113
Jan
4
Jan
1%
Jan
15% Aug
6
20% Jun
5
8%
1
24
12
Apr
6'
32
July 14
22% Jun 26
17%
14% Jan
11%
Apr
14% Aug
8
37% Sep
18
Apr
26%
par
23% Jan
.
.No
Jan
33%
Dec
5%
Jan
Libbey Owens Ford Glass— No par
11% Jan
31
5
Libby McNeill & Libby—
Lite Savers Corp
r;
13
Apr
Oct
29% Jun
5
(The)
Lehn & Fink Prod Corp
Lerner
7%
73
par
50
preferred
Corp
16% May 21
4
100
114
V3
*110
par
-5
25
Cement-—.
4
Jan
35
.—^-100
preferred
*1%
4
9% Jan
Laclede Gas Lt Co St Louis,—^.100
25 %
22
114
%
10%
*16%
.
16%
35%
*35
11
IZZIIIs
30
Jan
Jan 12
Jan
2
Jan
4
17
43% July 15
17
4
Mar
July 26
20
Mar
8% Jun
41
20%
Jan
25
33
Dec
Dec
Jan
Nov. 30
$
S per
share
S per
$ per shore
per share
62%
62%
62%;
62%
62%
62
63%
63
63%-
62%
62%
62%
63%
*25%
32%
32%
17%
500
Link Belt Co__^
,17%
500
Lion Oil
*19%
20 :
500
Liquid Carbonic Corp„;
18,700
Lockheed Aircraft Corp-
19%
19%
19%
19%
12%
13%
13
13%
12%
13%
55%
55
57%
56%
57
6,300
41%
41%
4i%
42
42%
3,000
1,300
12%
13
55%
54
55
42 %
42%
41%
42%
6%
6%
6%
17
6%
6%
6%
*6%
6%
*27%
27%
27%
27%
27%
27%
17
158'/a
:
21%
20%
20%
*67%
68%
67%
67%
67
67
25%
25%
25
25
24%
24%
20%
;
66
'•
16%
•
16%
7,600
21%
10
Oct
IP/a May
16'/a
Dec
14% May
24'%
Jan
64% July 24
37
Jan
463/4
Dec
51% Jan
31%
Jun
42 "/a
2% Mar
7%
Dec
Mar
193/a
Nov
Apr
16%
NOV
6
21% Jun
26
25% Mar 29
par
42'% Jan
7
37% Jan
11
27
11% May 10
31
—No
—No
6 '/c Nov
6
par
25
183/e Jan
13
10
163/4 Oct
7
21% Jun ,5
.*—100
Co
148 3/a Jan
12
163% July 22
22'A July 19
—
i
Louisville Gas & El A
500
,—No par
100
Louisville & Nashville—,
300
;
Nov
123/4
12% Nov 29
Biscuit—
(P)
37%
9%
15'/2 Jan
preferred
7%
MacAndrews
200:
-
67%
*66 3%
67%
»
159
*21 %:
21%
Lorillard
Feb
25% May
par
1
j._.
Loose-Wiles
500
32%
213/4 July 27
Loew's life
28%
*155%
159
67%
7
28%
16%
xl6%
20%
66
*20%
*155%
.'■*21
160
:'157
21%
*20%
17%
16%
17%
•'157
157
157
158%
41%
6%
17%
16%
17
*156
.55
Jun
4
Long Bell Lumber
13%
55%
22%
123% Jan
—No
153/4 Jan
Dec
233/4 Nov
Corp_a. —No par
Lone Star Cement
7
•12%
'
:>
'
19%
•
par
Refining Co___._. .—No par
Jan
163/4 Apr
July 20
43
34%
17%
42%
?.
341/4 Jan 19
34%
18
Jan
74'/a
177
May 27
—No
35 Va
73%
Apr
Apr
44
35%
*17%'
50%
164 '/a
7
*17%
Apr
4
24
Jan
60Va
July 15
73 '/a Jun
Lima Locomotive Wks
4,200
18
17%
71
Highest
$ per share
per share
182% Aug 19
283% May 27
2
4
35
13%
6%:;
35%
34%
Dec
22% Jan
35%
55'/a
28
35%
171
—No par
—No par
Lily Tulip Cup Corp.-
27
34%
1
Dec
62% Nov 30
—100
—
35
13%
*27
*25
62
25
-
34%
42%
28V2
27
*25
Series B
Preferred
170
34%
55V2
*27%
•
25
Liggett & Myers Tobacco...
2,400
6,800
64
173%
*170
Lowest
J per share
$ per share
Par
35
19%
19%
172
Tear 1042
Range Since January 1
Lowest
Highest
Shares
63%
.
63%
63%
63
171
27
*34%
17%'
17%1
*19%
20
172
*25
34
35
17%
17%
*19%
172
27
33%
35
32%
35%
*35
173
*25
27%
*25%
27%
171
173
*171
173
EXCHANGE
*63
63%
63 %
63%
63%
.
NEW YORK STOCK
the Week
$ per share
$ per share
share
62%
*170
Sales for
Dec. 3
Dec. 2
Dec. 1
Range for Freviotia
Friday
Thursday
Tuesday
Nov. 29
Nov. 27
STOCKS
HIGH SALE PRICES
Wednesday
AND
LOW
Monday
Saturday
2267
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4235
Volume 158
6
593/4 Jan
ll'/a
128
Mar
113/4
May
,
Jan
153
Dec
Apr
183/4
Jan
55 ya
Sep
76'/a
Jan
15 y8
July 24
29
8
.15
28
79
8
20% Jan
Oct
Jan
Apr
M
'
*135
:
138
*135
138
130
*135
>
*24% >24%
*135
' 138 >
31%'
>
31%
31
27%
27%
•27%
27%
27%
27%
27%
*13%
13%
13%
13%
13%
13%
14
*15%'
31
6%
10
10%
.*36%
*16%
17%
■••;:2%
i;2%
17%'
2%
2%
5%
5%
11%
•
12%
*10
17
*16%
16%
5%
5%
11%
12%
11%
12
14%
'• ''16 %
-
14
13%
14
4%
4%
36%
■
26%
*19%
*4%
4%
4%
*19
15%
33
110
19%
15
243A
25
14%
47
47
47%
47%
21%
21%
22
21%
10%
'vV 10
10%
114%
*113
114%
10%
*113
V.
7%
7%
*78
31%
31%
■"
32
*31
35%
> *35'/a
35%
•
26%
*117
*107
27
■"
;
;
263/2
27%
27%
*25 3/8
263/a
263%
;: 118%
*11634
118%
6734
68
67
67
66
68
107
*106
107
*106
107
4%
4%
4%
*1073/2
108%
*107
)>
87%
,V
18%
>
18%
•'
1%
1%
5%
43/4
4% '
4%
5%
53/4
534
5%.
6
1163/2
*1143/4
116 3/a
*1143/4
116%'
*117
121
*117%
121
*1173/8
120
*11734
120
*1173/4
120
*106
108
43%
141/a
14%
14%:
15'/8
22 /
14'4
>35
21%
22%
34%
14%
14%
14%
14
15
15%
153/b
15%
15%
.
*24 >4
25%
25%
25'4
3%
334
3%
3%
3%
3%
3%
*67%
70
*20%
21%
*74%
:
20
*193/4
20%
8
.
■8.3/8
*114
143/2
15%
500
4,700
.
1,200
900
26
25%
700
3%
5,700
*66
67%
120
*19%
20%
100
*74
75
300
114
140
3%
•
114
115
8 3/8
8Vs
8 34
41%
41%
*40
41%
14%
/
7,500
75
114%
;.
21%
60
203/4
75
75
7
113 3/2 Oct
2
lOli
6
Copper
;
41%
4
103A Apr
Feb
Jan
15
78'/a Sep
9
89
2
4% Jan
42
4
24
32 3/4 Mar
26
13
93/8 Apr
53/4 Jan
Jan
29
331/2
Oct
24
Apr
Dec
303/a
Jan
8
5
Apr
7%
Jan
19%
Dec
■
May
23'/a
Oct
883%
Apr
108 %
Nov
353/2
Jan
59%
Dec
1031/2
Jan
108
1133% Feb
4
X1073/8 May
111
10
1% May
573% Jun
Apr 21
98
July 23
13
25
July
1(1
2
3% Mar
4
7%
3% Jan
4
17% Jan
12
303/4 Nov
751/2 Dec
1
Nov
Jan
12%
Feb
Oct
4%
Oct
18
Oct
91
Jan
30
66
May
Mar 19
110
May
1173/2
112
May
120
Oct
102 */2
Apr
1103/4
Jan
23 3/a
Apr
34'/a
Dec
Feb
14
3 li/a Jan
8
39 3/4 Oct
6
28 3/a
Dec
48 % Mar
Jan
5
273/a Jun/
7
121/4
Dec
29% Mar
7
' 5
18% Apr
7
31 < Mar 29
6%
Jan
11
Oct
9%
Apr
12%
Nov
20 >/2 Aug
2
Sep
25%
Jan
3%
Jan
13
91/8 Jan
21% Jan
Cox——————1
B
—
1
No par
Muhsingwear Inc,——l,_No par
Murphy Co (G C)
—No par
Brass
Nabco
Mar
1%
333/4 Jan
Jun
17
8
7
3
Jun
2% Jan
2
53
Jan
7
77
Jun
25
50
Jan
63
Feb
15
Jan
5
23% Jun
26
113/a
Jan
17
Dec
62
Mullins Mfg Co class
>•
$7 preferred
■
67
29
II41/2 Aug 24
50/ July 14
Hi/a Jan 12
Mueller
Dec
14%
1%
Apr
121
106'/a Nov 26
—5
Oct
33%
Apr
5
■
Oct
iV Jan
8%
6
92'/a Jun
119
1143/4 July 22
118
Jan 20
series C
No par
Montgomery Ward & Co_—_No par
Morrell (John) & Co
No par
Morris & Essex
—50
Motor Products Corp——No par
Corp—
Oct
16 3/a
Mohawk
Wheel
12 '/a Mar
21
,
11% Apr
Motor
Oct
Jun
21
3/4 Jan
—No par
Feb
Jan
223/4
13% Jan
$4 preferred
Mar
72
32
6
643/4 Jan
No par
77
Dec
Jun
Dec
2
17
No par
May
20 3/2
83/a Jun
Feb
Nov 20/
>3
Jan
7 3/4
7
110
19
107
Impl——1
preferred
No par
Corp—.—,_—
10
Jan
108
July 19
763/4 May 6
107
Minn M!oline Power
Nov
4%
,
30% Sep
31% Jun
Feb
58
Deo
9'/a
55
128
1063/2 Jan
Minn-Honeywell Regu_„.
No par
4 % conv pfd series B——,100
4'/4 % preferred series C—,—100
24%
6
343/2 Apr
Jan
Jan
1
July
Jan
Oct
108%
6
3
121/4 July
237/a Sep
25
100
1st preferred
cum
64%
343/4 July. 8
9
18% Jan
8%
Apr
x53/4 Nov
'27
Feb
94
26
60
203/s Jan
200
42
*40%
24
673/4 Jan
Apr
13
793/2 Sep
69 3/4
Jan
111
%preferred—_——,—„100
Murray Corp of America—.^—10
Myers <F E) & Bro
—No par
4,100
8 3%
83/2
8%.
Feb
Jan
10
Petroleum.,—
Sep 30
r
27
5
—
>
29
IP/a Sep
115% Aug
Midland Steel Products——No par
$4.50 preferred—
Preferred series B
35
■■■:■>
4
114 3%
115
*40%
'
75
75
Jan
Jan
6
2,600
45
15%
66
*19%/.
"
14
Dec
763/4
213/s
<:•
25%
3%
66
66 3/a
*114
.
42
42
v.-..
*64
*73%
76
/ 115
-» a;/
8%
8%
66%
20
:
*114
43
;
20%
> *74
115
8%
65%
66%
66%
.'
•
25
■'
*20
76
■
*134
*42
25%
3%
•'
26
15%
25%
15%
15%
*25%
1
■>;.
May
7%
28 '/a
*153/4
22 3/a
35
21
21%
14 >
10
Jun
1163/a
343/4
37%
35
21
53/8
120-
44%
2174
35
.20%
43%
'■>' 20%
173/4 Sep
18
4
preferred series A
—.r100
Carpet Mills
20
Monsanto Chemical Cd——,10
44 %
4454
*34%
4374
36
22
43
36
Oct
7
104
Co__—
600
*1063/4
108 3/a
S.
44%
43
*34%
43%
43%
*34%
106 i/a
12%
13
Stores
4,400
109
Deo
Mar
Dec
/
*11734
Nov
Jun
9
15%
6
"
22
101
76
22 »/4 Aug 18
Jan
Mo-Kan-Texas RR
■
Sep
Sep 29
123/i Jan 16
100
93/4
2,700
sii4%
.
*106 3/2
106'/a
106 %
>
133/a
22
Oct
Jan
33/8 Nov
25% Jun
13/a
76
753/2
*13 43/4
106'/2
4,500
28'/a
76%
75%
76J4
116%
5 107
110
Jan
Jan
46%
14% Jan 27
5%
*114%
107
36
9
13/4
73/4 May 29
Jan
176
39
1%
>.':■
28%
*28
76
4
Jan
Apr
Apr
-
Oct
$6.50
1%
283/4
21% Feb
31
27'%
Mission
1 %
283/4
7
162
13
Sep
8
28
300
1%
2734
60
Jan
Aug 23
176
2
16'/2 May 19
1,100
1%
76
5
Jan
Jan
50% Apr
18
154
273/4
5%
5 •'■•'.•
293/a
7
86
1%
77%
"20
19% July
Jan
11
18
*18
116%
77
•'/
108 3/a
Nov
63%
13
86
x86
18%
•
107
"
253/a
8% Jan
87%
87%
18%
*114%
77%'
*106
Dec
Aug
19% Jan
18 »/a
V
*84 34
18%
i
;;
-
'.."ill"""
534'
5
-
85
28
*27%
28
>
108'/a
*1073/2
;
,
84-%
5%
1%
5%
107%
107%
108%
,v
j./ *107%
5%
1%
5%
43/a
'.
18%
1,400
68
68
'
107
*106
34%
19
McGraw-Hill Pub Co——„Np par
McGraw
20
:
18
87%
*85
*05
*18
77%
118%
683/4
*116
118%
22 3/4 May
July 17
27»/2 Mar .26
32
99% Aug
14
?
Apr
63/a Jan
Miami
400
;
'2%
—100
Elec Co—1
Mid-Continent
26 3/2
Jan
37
165
McCrory Stores Corp—
5% conv preferred w w
1,900
63/8
27%
.
26'/e
11% Jan
Corp,
8,000 '
6'/a
263/a
'•■'>
'
68
108%
400
1,000
273/8
27%
-26 '/a
*116
117%
390
>; *1163/8
27%
26%
■
2,000
25
"'*27'4
>;
6
5%
26%
1
19% Nov 26
'
6
6
•
5%
;<
34
25
•
27
5%
26
*106
68%
28
2674
26%
'
.
25%
*2434
25
27
25%
>
26%
117%
107
4%
*2414
7%
> 7 .3/2
''■> X34 •
35
35
'
117%
*67%
;
*253/2
5%
26
*106
13 0
500
1
:>■ 26 -""•:
27%
-
69
32
Jan
173/4 May
> 3% Sep
431/4 July .16
5
6% Jan
83
Oct
12%
May 27
73/8 Jun
7
11
Jan
22
1
6% conv preferred———100
Mead Corp
t.Wo par
$6 preferred series A;——No, par
$5.50; pfd ser B w w—aNo par
Melville Shde Corp—
,1
Mengel. Co (The),
——
—1
5% conv 1st preferred—:
50
Merch & Mln Trans Co—No par
Mesta Machine Co
,5
*68'/a
/
7%
734
7%
35
35
25
26'/a
26%
■>/- 5%
6
6
26%
*26%
>
31
.
3% Jan
31% May
McLellan
>' *313/2
69
31
11%
Apr
24
1,700
*793/4
83 .'v
Jan
8 3/a
2
10
10
Jan
43/4
14% Dec
Mclntyre Porcupine Mines
5
McKesson & Robbins Inc—.—18
1,500
33/2
"
1,400
8
Nov
15
xl7
2,900;
113
Jan
2
July 14
183/4 Apr
2
463/4
..'■••
Dec
16%
Jun
5
No par
No par
No par
*
preferred
preferred
-
2%
Jan
22%
113
Sep
9% Jan
9
383/4 Jan
.'"'8
.73/4'
*68'/a
r
'•:.7
113%
-
63/4 July 13
10
■
10%
7%
300
2
463/4
2 2 3/4
.
31
734
7%
35%
*23 s/8
24%
26%
27%
27
36
24
26
*24%
7%
34 '/a
7%
x7%
8
'
2,700
■
3/4 Mar
33/8 Jan
100
—,10
$6 1st cum
McCall
4% July 14
22%
47
*113
25
'
•
■jr."
>>: 8
T
i4y4:, 14%,.
*10
69
*303/2
31
31
113
*111
463/4
83
*683/2
\
1,100
113
*79'4
*793/4
69
69
69
69
83
*79 3/4
83
*79%
69%
153/4
24%
7%
7%
7%
19 y4
*15%
22%
114%
*113
114%
7%
7%
'7%
•
83 >:■<
*68%
97/a
*113
*183/4
143/2
•
10
9%
10
"
24%
22
23%
•
$3
~30
4%
27
Jan
x6%
1
_5
—100
1
Maytag Co__
Jan
2 3/a May
1% Jan
Wks„No par
2,200-
Jan
213/a
5
May
11% May
19% Apr
May Department Stores./,
Jan
273%
11
8
,—
13%
Deo
23
5
12
14% Jan
preferred
7%
-
8% Jun
par
2
No; par
No par
1,600
•
*14
47%
22
> 47 >'<
47
21%
143/4
*14%
14%
133%
110
Co
Mathieson Alkali
29'
,1
Corp,
Elec
Master
10
24
25
*13%
3,200-
15%
*111
'25
*24%
Masonlte
Nov
2
Co—
L)
Corp—
Martin-Parry
300
19
15%
113
'111
113
*24%
*30
(Glenn
3,600:
200
4% >33 '->
*105
Martin
prior pfd
Ry 6%
2,400 i
43/a V.
53%-
4%
•
110
>
xl9
19%
15
14
47
V*
*105
14%
*111
4%
:
315
Apr
Nov
19
6
Mar 15
No par
Marshall Field & Co_—
13,800
21' >•:
*53
*3oy4-: 33:y.-
*30
*105
19%
•
14%
113%
*111
;
43/4
Market St
*170 >" 174
•
53%
4%
•53%
25
25
*13%
•v,
4%
105
*19
19%
15
113V2
*106
174
53%
Corp
4,100
253/4 5
/
■
■
37
25%
-21
21%
*170
43/4
.
33%
105
15
15
4%
*30
19%
*19
4%
33
105
15%
> 4%
> 36%
25%
'
.
20%
;
174
53%
53%
*30%
105
20%
20%
*170
<
53%
>
*102%
33%
"30
*102%
x25 %
■
>
-
53%
53%
54
13% :
15 '*t
4%
36%
Midland
Marine
3,860
12
13%
15%"/
.
Maracaibo Oil Exploration
13,900
11%
-
'
20%
174
*170
174
174
53%
19%
20 %
20%
20%
*174
4%
36%
26%
*26
26%
*26
14%
">
36%
300
6
14% May 19
6% J an
Manhattan Shirt—
Jan
Jan
35% Jan
9'/a
303-4 July 15
4
■320
23%
131
Dec
173/2
2
17
24% Mar
Dec
263/4
Jan
33/4 Jan
_._._No
122
Nov
—25
Mandel' Bros
6
8
28
10
—
200'
2%
>; .*2%
-v 5%
37V* Jun
15.
—10
Mahoning Coal RR Co——,—.50
Manati, Sugar Co——,
1
Copper
300
;V
11 •.
"
36%
*25%
26%
:
.
14%
•
10
5,300
17% v
12%
X13%
•
4% > 4%
36%
4%
36%
;
6 i.
12
>•'
15%
Xl5
16%
16
16%
-4%
36%
4%
36%
*26
5%
'
6%.
*17 "'-'■
2%
*2%
5%
M3%
5%
,,:714
17%
4%
36%
2%
12%
5%
12
14%
*2%
5%
"
14
17%
V
Magma
2
Jan
19.% Jan
Madison Square
*10%
".
'
17% >
.
2%
*2%
■
""
*17
Macy (R H)
1,000
138 3/a Nov
July 22
.
28
par
'
11'
*10'/a
—_No
Co Inc
No par
Garden..—No par
2,200 ;
■>
6
133
100
Mack Trucks Inc—
3,200
.*300 •" 400
-.
6%
6%
.
15%
—10
—
'
14%
*13%
,
1,300
,
15% '
28 •'."
V
15% ''
400"
*300'
•
6%
10%
10%
16%'
"
A15%
15%
400 "
5%
14%
-
31%
28 ■//'
Forbes—
&
preferred
6%
138
31%
•
'
27% *•
*13%
15
5%
"
27%
.27%
14
*9%
10
10
'
:
'
*300
lSVa
400
5%
6%
5%
V
*300
315
315
*6
15
15%
>;' 15%
15%
> 400
*315
•31% •31%
31
30%
>
31
'
31
138
*135
'
*135
>
">■
25
*24%
*24% >24% •'•;
4%
5 '/a Jan
34Va Jan
49
May
22
Aug
4
108%
Sep
113/4 July 19
4%
Jan
6'/a
Nov
Feb
27
30'/a
Jun
39%
Feb
117
3
2
July
.
44
12
113
Dec
N
'
'/.:/>'
1
Ja
400
10%:;
10%
10 %
25,300
>
■V/
27
13%
13%
8%
*8%
8%
17y2
8a/a
27
27
273/4
13 3/a
13%
*173/4
8
x8
26%
27 !4'-
133/4'/
4,200
National
8%
1,500
Nat
12
11%
400
173/4
4,000
8%
81/4
11%
11%
1134
11%
11%
500
*113/4
121/8
'113/4
11%
2,100
18 5/8
18%
18%
183/4
6,800
13
1,300
11%
11%
11%
12
12
12
183/4
i9ya
18%
19
18%
18%
12%
19%
17%
x27»/a
<11%
12
19%
200
8%
11%
12%
1234
1234
*11%
■
3,000
28
*123/4
13%
12%'
11%
11 %
*11%
11%
11%
113/4
11%
ll7/a
*11%
13
12
12
30%
303/4
29%
30 y4
293/a
29%
2934
30%
30 >4
303/4
30%
303/4-
6,700
27
27
263/a
26%
27
27
273/4
27%
273/2-
500
12%;
*12%
12%
<
1234
"
'
*26%
27
.
: *27 •■•'•.
"
8'4
83/a
8%
8%
83/0
84%
84%
■> 84%
84%
*843%
18 ;
183/a
17 %
is y8
177/a
■*169
>
142%
170 '
142%
*16%
29
142
*140
17.:»/,
*27
'
16
141
■
8%
86%
86 3/a
'
86%
18%
18 34
19
1703/4
*1673/4
170
*1403%
142
*1403/2
142
18%
,
16
16%
163/4
27%
273/a
.16 »/4
27%
5%
5S4
5%.
5434
543/4
54 %
54%
11
27 3/8'
'
*169
18%
170%
141
86
11%
.
>163/8
>
574
.•
854
5,700
863%
120
19%
23,000
19
-
53/4
55 "
.11%
55%
54%
54%
11%
'273/4 >27%
,
57/a
>113/8
263/4
273/a
27
27
27%
28
.'
78%
78%
79
79
79%
79
79%
*793/4
79%
86
85
85
*84
86"
*85
•11%
4%
45/a
47/B
8%
> *8%
83/a
123/4
12%
12%
12%
,
*48%
50
*28%
16%
12%
v;
For
*48 J/4
'
28%
28'/4
16%
16 J/8
165/a
12%
footnotes
86
*84
86
5
8% >
121/4
12%
12%
12%
*20%
21%
12%
21%
12
*203%
*96
100
50
*28
16'/a
*483/4
*110
*110
T 100 '•''•■
*96
.
49%
21
*96
50
11034
.
21:
100
•'"50 s.",
1103/8
/
123/4
21'
*96
■•*481/4
Nehi Corp..
200
50%
273A
1
Newberry Co
800
a
—No par
;
—No par
———No par
Neisner Bros Inc
300
serial preferred_,_100
(J J)
i
No par
5% preferred series A
100
43/4%
conv
Newmont Mining Corp
27%
> 273/2
17'4
17i/a
18
6,900
Newport Industries
125/8
123%
133/a
12 54
12%
7,200
Newport News Ship &
95
95
200
143/4 May 10
6%
145/8 Jan
2
6% Jan
13
9% Jan
93/4 Mar 16
21% July 23
15% Sep 20
12
Dec
3
x25'/4 Jan
14
34'/2 Oct 26
173/2 Jan
15
293/4 Sep
30
Jan
12
113/4 Jun
4
703/4 Jan
4
90% Nov
3
...-
6
19% Dec
3
11
Jan
Sep
12 3/4 Apr
4%
Jan
8% May
173/8
Apr
141/4 Mar
33/4
60
11%
Apr
Jan
Apr
..■
5% Nov
20
93/4
$5 conv
preferred
10
1
Dry Dock—1
No par
14
14% Jan
Nov
17
2% Jan
2
27
22
36
Jun
Jan
7% Jun.
4
7
Jan
64% July 14
53/4 Jan
15% May-28
2
133/4
293/a
13/a
9%
Dec
9% Nov
26
Sep
18
Nov
6%
72
Dec
Mar
163% Jan
Jan
Jan
Dec
173/4 Mar
Apr
36
Apr
433/4 May
4
Dec
153/4 Aug
73/a Nov
25
National Supply (The) Pa—-—10
$2 cohv preferred
—
-40
5*%% prior preferred
—100
6%
prior preferred-———100
2,100
96
4
3
52
6%
17
*95
Jan
5
4
Oct
146
273/2
''
33/4
53/4 Jan
12
168
17
96
Dec
Mar
28
12%
163/4
Apr
May
161/2
*95
Oct
Jan
12 3/a
18% Jan
Oct
16%
166'/a
24
10'% Sep
9
29 '/a Sep 24
13 V2 Aug 23
213/4 Jup
9%
Dec
May
May
129
28
12 3/8
140
145
16%
95'4
7
12
13
14
Sep
28
May 27
29
12%
Jan
163/4 Nov
162
6'/a May
7
July 16
1783/a July 13
Natomas Co
20
23
176
8%
150
2,600
*110
2
5'A Nov
Jan
2
8%
21
7
Apr
5%
6
13
National Tea Co
100,'
8% Jan
153/4 Jan
Oct
3
13
2,000
'
95'%
2271.
8%
8 3/8
12 3/a July 14
Oct
Nov
Jan
12 34
83%
8%
.
3
7
19%
Jan
3,400
30
2
8% Feb
3'/a July
29%
Jan
—100
preferred A_—
7,600
•
53/4 Jan
13% July
Dec
Jan
163/a May
13'% May
29
19% Apr
1
113% July 8
137
Ifo
National Steel Corp
710
40% Apr
160
10
National Lead Co
5%
83/2
83/4
■
preferred—
3,300
86
*84
5
5
$4.50 conv
——1
No par
300
1,900
;7934
5
5
123/4
page
28
>
4%
474
96
12%
*95'
see
*84
*48 3/4
50
110.:
110
29
96
*95
100
*96
110
*108
213%
*20%
22
100
.,"'273/4
No par
National Gypsum Co—
8,800
170-
'
v'
*8%
*96
■11%
—10
No par
preferred,.
12
':
11%
"
•
4%
*21
ll!/2
11%- ;12'
6%
Nat Distillers Products.
Nat Enam & Stamping
28 '■■"»'
791/4
'
'
•
55. !;
x54.*-,r '54%'
10
No par
National Container————1
National Cylinder Gas Co
1
Nat Dairy Products——No par
National Dept Stores——No par
Register
Nat Cash
55
>27 »/a
•78%
.1
53/4
No par
National Can Corp_—
5%
5%
5%
—
1
1
10
-5
10
100
27%
*273/4"
■
>
5%
40
preferred
Bond & Share Corp
7%
Nat
7
2
13'/a Nov 30
I
33/8
11
15'/8Jun
233/4 Jan
preferred B
100
Nat Mall & St'l Cast Co——No par
National Oil Products Co
—4
National Power & Lt
—No par
173/4
"•16%
"16%
6
8%
*1673/4. 170 y
140 i/a 141 ;>
"
*273/4' x28%
>■'
600
*851/2
8 5/a,
8%
8%
*84%
*27
16%
'
'27'/a
•
*169
i7oy2
170
•
8%
'
•
preferredCorp
Aviation
National Biscuit Co.,
27%
113/4
conv
National
27
8%
6%
1,000
8,700
167
*163
17%
*1734
83/8,
27
Acme Co,
Automotive Fibres Inc
9%
1% Feb
2
3/4 Nov 29
63/a Jan
Nash-Kelvinator Corp
—
5
Nashville Chatt & St. Louis—,,100
20 i/a
9%
20
167
700
IO1/2
10
10'/a
20 3/8
160
27%
8 3/4
83/a
26%
11%
>
*113/4
10%
*163
173/4
173/4
173/8
8%
263/4
83/a
8 3/8
9%
165
27
8%
13 3/a
8%
20'/a
20
165
165
13%
10%
r:
9%
9%
193/4
3/a
8%
13
3/4
10%
*10%
10%
10
.19%
*26 3/2:
263/4
27
27
19%
165
173/4
*17%
17%
8%
27
83/4
10
167%
*165
169
10'4
13%
*10
20'/a
19%
20%
20'/a
10
8%
10
10
10%
10'4
13%
;
10%
*10
10
10
*10
*165
*26'/a
27
13%
13%
8 :,/o
,
97/a
28
*27 y4
■■
10
9%
10
10
%
10%
—No par
Liquidating Co
V8
"
Nov
35/o Jan
54
Oct
May
6'/a
Jan
Jun
163/8
Feb
141/4 Jan
28 Va Jun
Jan
803/4 Jun
1
453/4 May
63
Feb
57
88
Jun
2
51
Feb
Jan
70
62
4
Oct
7 3/a May
2 3/4 Jan
8
May
2% Mar
5
4%
Jan
5
10'/4 Apr
9% Jan
7
193/4 July 14
4
1
983/2 Nov 10
573/4 Sep 17
114
Aug
5
6
16:
Jan
74% Jan
4
11
1063/4 Mar 31
37
Jan
103/2 Jan
2
12
12% Dec
1
26% Jan
943/a Nov
8
25'/2 Oct
Oct
53/4 Mar
II
Jan
93%
Feb
91/} Dec
17
Dec
753/2
Sep
28
Apr
39%
Dec
104
Mar
110 »/2
Dec
Feb
70% May
8
193% Oct 25
21% Mar 30
22 3/a
Apr
303/a
73/4
Apr
1J^
Jan
15%
Dec
2t>
Jan
6
93%
Dec
37'/2 Apr
102
May
109'/a
Jan
2268
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
Satnrday
Monday
t
share
per
33%
I per share
$ per
33
33%
15
Nov. 30
32
15%
33
STOCKS
Thursday
Dec. 1
«
shart>
32%
per
$
share
15%
33%
15
15%
14%
17'/a
55 Va
17 Va
17%
18
18%
18%
18%
53
53
54%:
56
58
56%
58
23%
23%
23 Va
23 Va
23%
23%
23%
24
t
*10%
*10
12%
*129%
130%
30
*
33%
v
23%
2!}'/a
share
V'
33%
*17
'
•
11%
•*27
15
12
*28Va
29%
130%
*129%
*128
136
*128
29%
130%
.
15%
12%
12
12%
29 Va
*129%
15%
12%
30
15%
New York Air Brake
.No
par
-100
10% Jan
12
11
Jan
27
-100
preferred series A——
City Omnibus Corp— .No par
31% Jan
27
14% Jan
5
1,200
33
York
600
<
136
$5
136
*50
50%
U
50%
■n
%
H
2%
2%
2%
2%
%
%
*%
%
12%
12%
12%
12%
13%
12%
33%
*31%
33%
»s/8
12%
33%
178%
123
53%
33
*32
179%
53%
*53 Va
52
178
179%
15%
4
*32
123
*120
15%
15'/a
52
:
33
179%
.
*120
,
*32
15%
53%
53%
53 Va
*51%
*100%
101 Va
11%'
52%
,179%
*120
53%
*51%
52%
517/a.
8%
8%
101%
*100%
12%
12%
15%
54
51%
vV 8%
54%
*112 %
*100%
101%
12
12%
113
17 '/a
17%
*37%
38'/a
113
*112%
>
17
*37%
4
*4
17
113
113
*37%
38%
4
.
4
101
12%
12%
112%
112%
33%,
*37%
*37/a
40%
*38%
40%
*39
40
■V
38%
13%
*13%
13%
*13 %
13%
>'■■
13%
4%
*4
'
40%
*38%
40%
*12%
13%
13%
13%
16%
16%
16
16%
40
41 Va
40
40%
*38%
13
Feb
15%
Jan
4
2
6%
May
12%
Apr
60%
Dec
/ May •'
109
1
10
80
23 %
16%
%
Mar
Jan
5
38
Jan
n oct
40
15%
192
116% Sep
11 % Nov
49
8
39
56
% Jan
39
6% Mar
Jun
18% May
116% July
107
19
36
14
Jan
Dec
6
6
Jan
14
Jan
96
Jan
■'>'85% Apr
4% Jan
■
' 'V';
...100
Apr
8
Apr
;
July 22
8% Nov
>
Apr
!
:
41% Aug 18
15
8% Jan
J
-2.50
Jan
53
Apr
9%
23% July1
6
x3% Jan
———-50
Jan
31
--—50
14 % Apr
2
15% Jan
par
Jan
52%
Apr
Dec
'
2
——.
Jan
Mar
Mar
7% Jan
Preferred
Dec
—
143
Nov : 4
101
Norwich Pharmacai Co
,'23%
18% July 21
56% Jun
4
6
:
Apr
108
Norwalk Tire & Rubber—.—No par
200
Oct
Jan
192% July 14
Jan
91% Jan
Telegraph
Sep
%
30%
122
—1
Air Lines———No
2%
Jun
113
50
Northwest
V
Jan
19
•
July
Northern Pacific Ry——
.100
Northern States Pow $5 pfd_No par
1,100
Va
Feb
,
Jan
1% Mar
29
Northwestern
13%
6
48 Va Jan
American Aviation
Dec
162% Jan
—50
50
preferred series
preferred series—
Oct
Feb
54
Dec
sa
>
26% May
Nov
1,400'
39
Jan
Feb
Dec
110
Nov
\
9% Jan
Northern Central Ry Co
110
4%
23.
10
5%%
38%;
*37%
4%
51
2% Mar
4
6%
21,200
17
38%
Dec
2
53% Jun
30
North
600
113
*16%
*3%
A Jan
12% Nov
300?
10,900
•
*112%
*37%
Feb
35
11
Oct
132
4
100
1,000,
-
1% Jan
100
preferred—
Y
North American Co
20,000
8^'"
17
16%
*38%
40
12%
17 V
v
V 990
:
52%
*100%
12%
113
17
17%
4
101
12%
113
*16%
Va
38%
4
Va
12
12%
17%
12%
130% Oct 21
2
Shipbldg Corp part stk——1
Noblitt-Sparks Industries——5
Norfolk & Western Ry—100
Adjust 4% non-cum pfd
100
tN Y Ontario & WesternN
:i
54%
'
Conv
200
8,700
15%.
*51%
8%
8%
12% Dec
6
Jan
Jun
10% Jan ■'
30% Dec
22
100
32%
11%
May 22
131
11
Jan
28 % Jan
237/a May
6% Jun
May 29
26
7
Oct
101
—50
JN Y N H & Hartford-
5,400
,
•
122
15%
8Va
'
■
181
121
?
8
,
.
%
180
Xl5 %
*100%
8%
2%
.■*
*%
121
15%
5,000
130
——
preferred—
West Ry Co———100
$ per share
May 5
267/a July 23
74% July 24
2
63% Jan
Highest
$ per share
20
4
16% Jan
-BO
—
-i
non-cum
Y Lack &
N
6% Jan
par
_No par
Co
44 %
1942
'
179
122
15%
54
52
8
%
.
2%
;;
•
'
8%
10%
660
13%
%
13
*120
8%
'tU
50% k
2%
15%
*51'/a
50%
2%
1,79 Va
181
121
53 Va
136 '
1«
*32
34
%
15
50
U
%
121
*128
50
U
;
180
136
50
u
12%
13%
*31%,
*128
50
14
,
!%
13«/«
136
49%
2%
i«v
*2%.
* '/a
51
'50 Va
1
.No
—.
preferred
Harlem RR
Certificates
*128
—
Dock—
non-cum
N Y &
129 %
,
Central
6%
1,200
V
York
Y Chic & St. Louis Co
N
Year
Lowest
$ per share
2
New
130
*128
27% Jan
5,700
12%
*30%
_No par
New
800
23%
$ per share
N Y
37,700
*"128
Range Since January 1
Lowest
Highest
Par
1,700
i
57
*11%
,,
130
Range for Previous
STOCK
Shares
15%
56%
23%
30%
*128
NEW YORK
EXCHANGE
18%
*18
12%
30%
130%
*129%
the Week
$ per
18
15 Va
Sales lor
Dec. 3
share
per
32%
33%
3,2%
Friday
Dec. 2
55
*17
RECORD
PRICES
Wednesday
Tuesday
Nov. 2!)
:
Nov. 27
SALE
AND HIGH
Monday, December 6, 1943
31%
'•*"
1
Apr < 7
14% Oct 28
Feb
17 %
•
Jan
20
45
110%
38
*'3%
:
*'
V 34
7% Sep
Sep
Dec
Mar
'
Dec
Oct
10% Jan
O
16%
16%
40'/a
40%
*6%
6%
16%
16%
16%
16%
17%
18,200
41
16%
40%
41
41%
41%
1,800
6%
">3,200
"
6 Va
6%
6%
6%
6%
93%
93 Va
*92%
93%
93%
93%
93%
9
9%
17%
17%
*
145 Va
*31
Va
62
12%
17'
148
147 >
149
32
*31%
32
62%
*59
64
56
56%
*12%
12%
8
12%
7%
>
40%
12%
2
16
*12%
29%
29 %
39%
39%
25%
25%
113%
113%
4
Va
152«
32.3..
*148 V.
*31%
.,*31%
64
*61
64
56
"56%
57
57
57
12%
*12 V4
12%
'
7%
7%
39%
15%
15%
*12%
16
29%
16
*12%
29%
291/4
*123/4
■29%
29%
*39%
40
39%
39%
393/4
24%
24%
25
25
25
114
152
114
'
152
151
4%
4%
114%
*114
*150
152
*150
4 Va
4
4%
13%
*12%
13%
3%
3%
3V4
3%
x29 Va
30%
28%
29%
29%
30 %
*9
10
*9
lO^'a
*9
10V4
*9
110
110%
110
U0Y*
110
27/a
110%
2%
150
*103%
270
3
3,8(/j
500
22%
22%
22%
22%
49
48
48 ""
50
50
51
52
30%
18
4%
18%
30%
30%
*30%
30%
*17%
17%
*17%
18
4%
;
4%
4 Va
19%
*54 Va
4 Va
19%
,19 '/a
19%
55%
*54%
X54 Va
92
90
91
13%
13%
13%
7%
*7%
7%
2%
54
54
91%
95
13%
13%
7 Va
7%
8
2 Va¬
'•
*37%
38
x36
37
'
*36
37
*15%
16%
*15
16%
*15
16%
115
*112
115
*113
24%.
22
*21'/a
22%
*21 Va
56%
*56 %
56%
56%
*55
*4%
5%
*4
46%
24%
46
9%
43
,V
Va
-
5 Va
•
.
42
27
*25%
27
7%
7%
Va
7%
20%
48%
89
89%
20%
25
21
*30
114
*10%
*88
,
43%
'4%
12
*10%;
*88
*6
*4'/a
50%
48
s
6%
*69
6%
72
*10%
*69
11%
'
20 Va
20%
20%
20%
20%
203/4
49%
49%
49 V4
49%
49
49 Va'.
19,000
1,450
89%
89
89
20%
20%
20%
20%
20%
7,700
24%
*24 Va
243/4
245/a
24%
2,000
$1
20%
21V4
21%
213/4
21%
21%'
6,600
*783/4
80
1,700
113
11%
93
*95
i
*104%
4% '
11
11
.
4%
7%
.
44%
*57 V,
59%
*165%
*6%
81%
*9%
,
10%
173
*163%
7
6%
7%
79%
*59
„
62%
*17%
17%
•
*58
173
*183%
.
*7%
20
*19%
10
10%
9%
*10
10%
*9%
*30%
55
V
*117
32%
12%
85
10
'v.
173
7%
10%
,,11
*163 V4
173
7V4
83%
62%
17
17%
20
*19
85%
93
91%
10%
10
10%
*10
30%
.
118
85%
7%
8
30%
*31
55 Va
55%
118
12%
85%
92%
12%
85
91
118
12%
85%
91%
55%
*117
Va
*165
,
80
10%
47
58
58
10%
173
*165
10%
300
173
7%
83%
83%
83%
64
63
63
17 %
s
110
17%
17%
*17%
19%
*19
8'
7%
10%
10%
8Va
73A
7%
4,300
84
84%
'910
63
10%
63 Va
280
17%
1,300
68 % Jan
133/4 Jan
1
,\7%
90 V* Jun
3
55%
18
4
26
Jan
8
102
3% Feb
8
70
102
103/4
*10
11
*31
32%
*31
32%
56
57%
2,900
118
80
117%
117%
12%
12%
12%
12%
12%
85 V»
85%
84%
85%
84%
85
1,650
21,400
3
73/a May 20
1
59
May
33/a
65
May
15%
3
.,
Oct
May
4%
Sep
26 Va
Apr
4% July
175
Jan
21
182
Aug 31
165
May
—No par
4
Jan
4
4% Jan
13
38%
'Feb
59% Jan
Jan
56 % Dec
1
7% Jan
2
pfd—100
150% Jan
4
_1
1% Jan
8
30
——;
2-
Pocahontas
class B
Car Co Inc
5
13
4
10% May 11
90
July
.
Jun
Mar 31
16% Mar 29
17
153
,
168
Nov
.
6%
Jan
6%
Jan
62
,:
Oct
33%
.70
-
10%
153
64
Dec
11 Va
Jun
14%
15%
1
6
13% May 29
6% Jan
14
13
Jun
Jun
4
3
Jan
Jun
18%
Oct
3% May
5%
Jan
5%
Jun
8%
Jan
6% July
Jun
83,4
Jan
29 Va
Jan
22 Va
50
243/4 Jan
4
40% Jun
48 % Jan
4
58
Sep
17
42
of Feb 1 '29)—_100
1143/4 Apr
11% Jan
7
123
Feb
13
115
6
17% Apr
20
96 Va Oct
5
5
75% Jan
Jan
July
1
63/a Jan
/
Feb
19
86 Va Nov 22
13
•
Jan
83/8 Nov
par
Pub Serv Corp of N J
<
No par
$5 preferred-———-——No par
Jun
July
Feb
5%
7
Jan
4
No
Jun
Feb
175
•
5
—No par
_1
Gamble—.
10% Nov
Apr
20;
Oct
Jan
Jan
165
May
58
75.
Dec
47%
8
52% May .12
68
7% Apr
33/4
7
6%
Dec
213/4 July 16
18
18
5
G% Jun
56%
5
23% Apr
2
Jan
par
1st preferred
2d preferred
28
14% Jan
—5
No
153/a May
Nov
193/4
165
Mar 30
9
77 Va Jun
Dec
Jan
•;
Jan
(ser
43
Jan
8
7
Jan
pfd
Jan'
9
Feb
9
20
5%
l3/4
Jan
.29
conv
Dec
170
preferred—21—^_100
conv
46
3
preferred———ii—100
5%
Oct
Apr
4
B
Procter &
"80
30
May 3
Sep. 29
May 7
May
9% Feb
A
5%
100
57
92
May
Apr 26
7 %
•65
168% Nov
Class
Steel
;
1
100
—100
24
Dec
Nov
3
—1
Class
Pressed
6 Va
110
July
6
Plymouth Oil Co——
& Co
>■'
.
107% Mar
July
(
14
(The)
Dec
79
.
Jun
25
Young & Ash Ry 7%
Creek
103
4
Jan
-100
Jan
*14%
Apr
Jan
B_
Jan
763/4
Jun
5
No par
Jan
40%
v
May
59
preferred ;Class A,_100
• 5% %
1st ser conv pr pfd—100
Pittsburgh & West Va.
—100
Pond
98.
July 30
34% Jan
5%
Co.
:
26% Jun
Jan
3,800
10%
91%
20
18% Jan
103/a
56
89%
14
Feb
.
16
preferred.
Dec
Jan
23
71
& Iron Corp.——No par
preferred
No par
6 Va
11
25% Sep
3% Jan
Poor
*117
30
21% Oct
27% Jan
32 3/4
Apr
91% Sep
Feb
6
Dec
49
2
28
——5
Pittston
>
Apr
50
class
v
Apr
28%
9
preferred
51%
Jun
'
Oct
Jan
29% Jan
Mar
30
42% Nov
1,600
33
91%
.
-
.
x51% Sep
18 3/4 Aug 23
100
4
5
Dec
Dec
7%
Apr
4
par
8Va
*10
118
Jan
14
73/4
56%
22
100
103/a
,
293/8 Mar 29
5
Pitts
19%
*19
20:
73/4
30
Nov
2%
30
Jun
19%
Aug
47%
Jan
4
26% Um 8
10% July 19
8% Jun 28
17
7%
'
7/a
1
7% Feb
Pittsburgh Forglngs Co
30
870
r'
Jan
15
May
79% Jan
7 %
23 %
18
—100
Pitts Ft Wayne & Chic Ry
12 V4
91
"
•
16% July
36
Apr
36
No par
—————
Nov
27
24% Oct
par
—3
Hosiery—.
Feb
25%
4
37
par
No
108%
Jan
12
20
—10
preferred—^—.
May
May
6% Jan
20
Jan
11
18%
58% May 20
413A May 20
117% Jun
$5 conv
400
80
*46
-
7%
83
62%
16%.
*10%
80
Feb
18
27
Sep
Jan
104
5
5% Jan
•
,8
par
No par
-
Jan
23
-No par
Pittsburgh Steel Co„
58%
*10
32%
12%
34% Feb
4
2
44
•
15% Mar
7
1,200
47
7% Sep
Oct
Dec
Dec
Apr
Jun
593/8 July 23
16 Va May 18
109% Jan
73/4
58
10
55%
1 % Feb
29%
60
82
Jan
32
24% Sep 20
61% July 14
46% Jan
,19
1%
1%
29
Sep 21
32% Apr
Jan
Dec
Nov
8
14
173/4 Mar 26
111
series—-——-100
73/8;
45%
7%
10%
55%
118
17% Feb
Jun
4%'%
7%
*75
2
45
113
7%
80
6
18
0% Oct
i
1%
Apr
56% May
3% Mar 26
.104% Nov 29
7%
56'/a
*19
7%
*30%
55
118%
12%
92
20
7%
13% Jan
23 Va Jan
is
Mar
44
20
20%July
series————100
Pitts Screw & Bolt—
45
4
108 % Jun
100
com——No
2,300
'
8%
33% Jan
100
com—
4%
56 Va
6
100% Sep
6
5 Va Jan
—No
Electric Co.
43/8
44%
*75
13
28 Va Jan
*
4%
57
Oct
*-100
j
60% Mar
l3/4 Jan
i
6
4
' May
29
3% Jan
-—1
4%
78
16% Nov
Co———100
Pitts Coke
106
62%
17%
'
*19 Va
Ry
400
,
Nov
13%
14
Co-——
4%
i
44 %
7%'
11
186
7V4
10
6
72
*183%
4V4
81
63
17.
Eastern
Preferred
Dec
101
19%
May 22
11
900
500
50%,
5%
11 Va
11%
57'
*3%
"163V4
80%
81%
50%
/
*69 V4
•
72
44
44%
5.9%
10%
5%
186
183 V4
*69V4
May 20
6% May 22
Nov
Pillsbury Flour Mills-.
——25
Pitts C C & St Louis Ry Co
—100
Pittsburgh Coal of Pa
,100
6% preferred—
—100
173
4%
*7
5%
5%
78
45%
■
4%
*165
.7%
4%
,
84
45
*y%:
50
-
500
Oct
38
Mar
19 Va
Jan
Phillips Petroleum———:
V
:
23/i
Apr
90
2
32
Jan
1% Jan
Corp.——1
Airlines
preferred.
Pnoenix
Dec
20%
July 10
4%%
7%
233/4
173
*
*57
4%
.July
54
Phillips Jones Corp
105
*165
*165
186
*78
4%
100
10,800
120
173
173
*183'%
84
50
233/4
*1043/4
11
*165
*78
50%
*96
24%
106
Preferred
5%
11
185
7%
4%
105
120
10%
106%
Jan
11
16
Coke Corp———10
—No par
preference
Sep
1
July 12
Preferred
44%-
*10%
11
173
4%
4%
*4%
22
80
Corp___^
Philip Morris & Co Ltd—
240,
93
72
*183%
.'
*23%
44
$6
Phila
113
69 V4
*165
"
*96
*104%
'
10%
5%
23%
X5%
*
185
7%
*4%
106
*88
443/a
105
*48%
6%
72
173
4%
11%
93
,
80
Jun
par
——
6'/a
*69 V*
*183%
4%
*111
43%
120
.4%
48
*9%
*88
113
>
89
106
5 V4
23 V*
.
*111
106
43%
*4
24'. :
105%
93
43%
..
79
„
11%
*88
105
100
79
*9%
•;
*165
*7%
*88
4
45
No par
Philco
79%
89%
101
113% July 26
2
17% Mar
Phelps-Dodge
Corp—
.—25
Philadelphia Co 6% preferred—-50
20%
Jan
29%
preferred
24%
8%
Apr
Petroleum Corp of America
Pfeiffer Brewing Co.
i-No
'
Dec
27% Jan
par
2.50
Pet Milk Co
400
*111
48
6%
72
*10%
200
1,000
105% ;
4%
48
■'
6%
Aug
No
Co
25%
7%
7
Oct
Oct
*25
7,3/8
Dec
Jan
5% prior preferred
253/4>
27
Jan
5 %
'7%
Apr
2Va
600,
*73/4
Oct
113/4
Nov
,
17%
400
*25
3
17,
Pere Marquette Ry Co_
'
9
Jan
Apr
30
7 Va
4
Jan
1%
Jan
*28
7%
1% Mar
5%
Oct
30
7%
■>'
1%
*27%
*7%
148% Nov
14%
29
25%
Apr
113/4
28
,
Jan
121
Nov
8
46%
78%
*23%
,
1,100
101
16
*45
9%
Oct
Apr
23/4 Apr
9%
*105Va
*104%
4%
9%
&
19
74
34
7
43% July
11 % Oct
12
Cement
Pepsi-Cola
Jan
30
46%
79%
*95
V
Peoria
13,400
24% Nov
Apr
13%
52% Nov
9 y«
25%
5%
24%
■V?
200
483/4
:
22%
2
Peoples Drug Stores Inc_
5
Peoples G L & Coke (Chic) —100
5%
.
Apr
15%
Oct
12
*45 Va
105%
*9%
120
47%
Nov
22
45
113
*88
105
56
*4%
...
7%
«4%
*23%
5%
48%
100
7%
5%
*104%
*47%
78
12
8%
.'22 %
*55
7%
*4%
4%
8%
*4%
48
*21%
18,800
20%
105%
*111
5%
47%
25
,21
I Va Jan
No par
No par
5% preferred—————100
Pennsylvania RR
—50
116
24%
Jan
17Va Jan
$7 conv pref ser A
Penn G1 Sand Corp
16%
*113
247/a
Oct
15% Jan
43 V4
V
43%
24
*4 Va
*4%
46%
,
24%
7%
43%
24
*15Va
500
87 V
20 Va
93
*104% 120
363/a
16
8
Apr
J an
Jan
Oct
Apr
7 /-
11
35 Va Jan
100
Jan
6%
25%
■
1
Co_
&
Penn-Dixie
2
8%
Apr
Mines—1
Ford——————No
(J C)
Penn Coal
1,100
7
43%
*92
16%
116
56
43%
95
*113
700
'
&
Penn-Central
2,800
2 Va
363/a
Penick
20%
24%
20%
24% '
80
*92
*15Va
116
36
22%
49
x87
20%
93
5%
36
56
'"20%.
;
20%
104%s; 105%.:
*iii<j a 113
44
,
24% '
■
79%
105
8V4
2
Inc—
Consolidated
&
2
Apr
I 9%
6% May 10
17% July 15
5
„
Dec
v
4%
16
20
Oct
,57%
6 S/4 Mar
6
30% Sep 24
45'/a July 20
160
>48" Mar
Inc__———1
Tilford
Davis
Penney
3,100
7%
,■
48%
20 Va
81
*104
•111
20
89%"
x24Va
20%
133/4
*73/4
2%
21%
25%
7%
.7
:
20%
X20%
25
135/a
8%
Pictures
105% Jan
1
par
—100
Parker Rust Proof Co
500
965/a
—
—No
Parmelee Transportation—No par
Patlno Mines & Enterprises—.—10
3,000
^4
.
Parke
400
20
13%
56%
8Va
49
*88%
20%
20
f
Paramount
1.000
2%
22%
27% :
7%
49
2,700
*7%
*55%
45%
X25%
7%,
*7
20 Va
48%
30%
173/4
13%
*21Va
5 %
27%
*26
*7%
Utah
96
56%
8%
27
*7
&
Ref
preferred
conv
Park
&
Inc
Cos
Park
18,500
&
Prod.
Paraffme
900
*53
22%
*42%
43%
*25%
20
Panhandle
4,700
55%
24 %
46%
16
1%
97%
24 Va
■
7% Jan
Airways Corp
Petrol
52%
96%
16%
*113
24%
46
9
*26
.
24
*4%
47
8%
43
*53
-
36 Va
*15
,
Transp—
5
Panhandle East P L 5.60% pfd-100
■
24 Va
46 %
*9
se %
116
24%
22
20%
2V4
2%
*112
20%
20
13%
7%
2 Va
2% '
19%
54 Va
13%
7%
20
4%
4
2
23% Jan
23%
•'•V 4
9
5
30%
4 Va
3 Va Jan
1
4
*l3/a
18
4 Va
5
Jun
Apr
29
July 23
28% May 24
119% Sep
9
2
23%
30%
17%
Jan
148
Jan
173/4
30
4 Vu
25
2% Jan
*50%
1%
18
92
90%
1%
30%
4
2%
92
13%
*2%
29%
*17%
Va
19
56
4
1%
2
10
No
Car
Motor
'
1%
4
Jan
•(
par
104%
23%
49
1%
5
Jan
91 % Jan
———-100
Pacific Tin Consol'd Corp
Pacific Western Oil Corp
Pan-Amer
*103%
.23% Jan
par
—-100
preferred—;
45
49%
*30
6%
& Teleg—
110
1%
*17%
Telep
110
49 %
1%
Pacific
—No
—
Pan American
21%
1%
19
&
10,300
22%1%
33
Mills
10
21%
Electric————25
Gas
29%
104%
Mar
10
Lighting Corp—J——No par
*9
2%,
10
Pacific
29%
22%
1 Va
16% Jan
29%
104 Va
.
15
(Cal)
Sep
277/a Dec
42'
25% May 20
10%
*103%
105
13
Packard
3
*103%
14 Va Jan
i
Apr
43%
2
13% July
1,700
44
18
July
55-
22,200
110
67% Oct
64
13% Apr
33/8
2%
xl67/a
2
12%
43 V4
8
5
3%
2/4
Apr
38
;
5
Co
Pacific
4,900
143%
73/4 Jan
4%
4%.
Dec
132 v Mar
6% Jan
123/a
42%
12
Pacific
60
Jun
,;17%
Sep 15
23% Jan
3%
2%
5
4 Va
——10
Coast
12%
42%
54% Jan
par
100
150
2%
22
Jan
Apr
preferred non-cum—-No par
1st
4%
42%
15
79
Jan
11% Mar
154 V,,
Jart
6%
Jan
2%
Dec
,30% Dec
Jan
'59
7
;12%
Apr
Jan
2%
21% Jun' 2
28% Jan
12.50
6%
17:
Sep 27
•10% Jun
Jan
,46
400
151%
2%
105
2.800
115%
*41%
42
*102
105
*110
2%
42
42
.
142;
1,100
-
114%
3 V4
xl2
29%
114%
4%
*12%
3%
3%
*113%
151
4
14
*12%
114
293/a
Co
Pacific Finance Corp
40
*23%
Glass
95
3% Jan
-100
—5
—No
—i
Jan
69
preferred non-cum——No par
Pacific
2nd
16
24%
22%
;
540
40
111%
*102%
15%
*23%
29 Va
*2%
*41 Va
15%
16
15% Jan
Pacific Amer Fisheries Inc—
600
;
Co
Owens-Illinois
>
*39%
9%
*110%
2,700
/
25
30
*9
'
250
.40
3%
29%
Outlet
160
15%
-No par
~io
>
8
'50% July 2
8% May 22
preferred———
Outboard Marine & Mfg—
39%
11%
21% July 19
6
6%
>39%
'*7%
conv
no
*10%
39%
15
8%
Otis Elevator—'———
!
7%
39%
13
29% Jan
\ 3% Jan
(The)
preferred A—--
Oppenheira Collins.
200
,
,r
11% Jan
par
——_6
—100
No par
Equipments—No
Omnibus Corp
*
12%
7%
38%
■
Farm
:•
32
*61
Oliver
2,700
152 "' i"r
114
14
3 %
>148
148%
V
No par
Ohio Oil Co
190
9%
17%.
':
25
4%
*12%
94%
*8 Va
17%
Ci
62%
15
29%
*93%
17%
32
7%
*12%
29%
29%
*39%
:
153
*152
16
*12%
94 Vt
Q
17
55%
.
40
15
'
62%
12%
7%
*38%
15
14%'
14%
14%
7%
40
*38%
6%.
•
V
9
*31%
i
56
'
*7%
40%
94%
6%
17%,
148%
*59
6%
94;.,
,17%
17%
55%
6%
*8%
9
,
',
*31%
„
56%
56
*8%
17%
*145%
32
,
9
17%
148
*58%
•41
Feb
,
9%
62
Feb
Juri
Mar
523/4
122:
Oct
Oct
14%
Jan
86%
Jan
100%
903/a
92
300%
100%
3,010
100%
6%
100%
preferred—100
100%
1007/e
100%
101
85% Jan
2
107% July 20
73% Mar
101%
109%
109%
1005/b
101
108%
109%
1,120
7%
109
preferred—
100
109 V»
108%
4
113%
114
109%
114% July 20
108 Va
103%,
115
115
1,070
8%
115
115
108 Va Nov
30
129% July 15
Jan
115
115%
100
123
115
preferred—-———
79% Mar
*99
Mar
Jan
108%
96s/8 Jan
"111
108'/a
*114%
No par
1133/a Nov
18
122
Aug 18
111% Mar
116
Oct
No par
263/4 Jan
2
1
20 3/4 July
34
For
*114
34 Va
footnotes
34 Va
see
34%
page
2271.
34%
34%
34%
34%
-
34%
35%
-
35
115
35%
350
13,000
Pub Ser El & Gas pfd $5_
Pullman Inc
1.
40 Va
July
*99 Va
Jan
28% Nov
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4235
158
NEW YORK STOCK
LOW
Monday
Nov. 27
STOCKS
$
S per share
S per share
Dec. 3
Dec. 2
Dec. I
for
NEW
the Week
YORK
(The)
Jan
14
19"% July 19
104% Feb
3
114% July 22
92% Jan
2
par
13% Jan
2
107% July 23
22% Nov
5
Quaker State Oil Ref Corp
.10
10% Jan
4
15%
111%
111%
111%
111%
112%
112%
*112%
113
400
6 %
preferred
101%
101
101%
101
101
*101%
102%
101%
102
700
5%
conv
*1J
19
18.%
*12
14%
18%
18%
18%
12%
*11%
12%
8%
13
18%
*11%
19'A
;
16%
8%
69%
8%
69%
6%
6%
18%
15%
15%
*11%; 12%
19
19%
12%
*12%
8%
19
12%
%
1,400
12%
8%
100
S*:
8%
8%
69%
69%
69
6%
91%
6%
.6
93
27
27
%'
70
70
7%
7%
93
94%
93%
70%
24%
25
:r
24%
25
; 29%
9
7%
7%
93%:
93%
25
...1
11% Jan
15% Jun
..25
26 % Jan
32
*15
15%
2,600
Reading Company
*31
32
300
27
300
14%
14%
14%
14%
15 %
14%
15
31%
31%
31%
31%
*31%
32
26
26'%
*25
26%
27
*25
27 A
*25
26%
*25
4%
4%
80
53%
*48%
53%
52
11%
11%
11%
12
53%
*11%
11%
*17%
18%
*17%
18%
*17%
14%
14 %
13%
14%
13%
83%
83 %
60%
60%
59%
8%
9%
8%
*85 %;
6%
6%
*59
61%
14%
14%
14%
10%
10%
82%
83%
*83 %
84%
84
84
60%
60%
60%
61%
62%
62%
62%
7%
7%
90'/a
xl5%
*100%
85%
88
6%
6%
90
16
15%
16
102
*59
>100%
85%
*83
6'/4
61
6%
6%
*78
80
*59
61
*59
61
10%
10
10%
10%
10%
90
90
89%
89%
7%
'•
*7%
7%
7%
6%
6%
6%.
78
50
/'
61
*59
10%
10 %
10%
89%
89%
89%
*7%
7%
1,900
26%
26%
26%
26%
26%
26%
7%
26%
26%
27%
26%
27%
*36%
36%
36%
36%
*36'/a
36%
*36%
36%
*36%
36%
10
*13%
13%
13%
13 %
12%
13%
*12%
13%
*12%
13%
13%
9%
*
9%
9%
9%
12 %
13
■> * 12 %
*6%
7
*6%
6%
*23%
24
23%
23%
13
9%
13%
13
13
*45
*47
47%
12
*23
3%
3%
7'/a
*6%
7%
*3'%
8
*6'%
42%
6%
*112%
112
6%
6'%
6%
42%
42%
42'%
112
6%
35%
35%
36%
35'/a
*104'%
106'%
*104%
36%
37
38
*108
112
*106'%
109'%
110
43
6%
35%
38
*110
112
*110
*106
109%
23%
24%
1,100
13%
800
*45 '
29'%
%
%
2,400
3%
*3%
4%
*3'/a
4%
200
*6
7%
*6
7'/a
43%
6%
6'/a
36 Va
106
109%
2,000
190
6%
38
112
*104
;5%
9,800
*36%
*110
107%
'%
Vst
%
Ui
%
i9o
%
52
A
%
49,800
1'%
1%
1%
*1%
1%
1%
1%
1%
1%
1%
1%
5,200
22'%
22'%
21%
21%
2%
2'%
*2
*2%
2%
81
22 \
22'% -22'/a
22%
2%
22
22
2'%
79%
2%
80'%
*106
*2%
2%
80%
82'%
81'%
80
15%
15%
15'%
15%
15%
15'%
16%
15%
13%
13%
13
13%
*12%
13%
*13
13%
13'/a
65
65
65%
65%
*63%
65%
64%
80%
*65
66 ya
11%
H%
v
:
9
*45
11%
11%
70'%
70'%
"100
9'/a
2,000
3>/a
3%
3%
23%
23'%
*23%
9
24
26
26
23
*24%
..
23
26%
*24%
48%
*45
24%
9'/a
47
24%
3
*45
47
24%
x24
24%
3%
3%
,r
3%
24
3'/a
24
26'%
*24%
25%
24%
24%
10'/a
10%
10 %
10%
,10%
10%
10%
10%
36
36%
35%
35%
35%
36
10%
16
16%
23'%
*23'%
1,200
10%
36
35%
36
16
i&y4
2,460
16%
16%
16%
23%
23%
23%
*23%
23%
*23'%
23%
120
29
29
29
29
29
29
29%
29%
*29%
30%
*29
30
500
*20
22
21
21
*20
21
19%
19%
20%
20%
*21
21'/a
300
V
11%
11%
11%
11%
11%
11%
11%
11%
11%
12%
11%
*3%
3'%
3%
3%
3%
3%
3%
3%
3%
3%
3%
3%
*26'/4
26%
26%
26%
26%
26%
26%
26%
*26%
26%
26%
26%
*27
28
27%
28
26%
26%
26%
27%
27%
27%
27'%
27'%
*138
145
•22%
*138
22
22%
145
*138
•
22%
145
22%
144
*138
14%
14%
*14
14%
2,200
21%
22
22%
22
22%
39,300
19
19%
19!%
19%
12,600
37%
38
38%
6,100
52%
20
14
13%
14
21%
20%
21%
.■21'/8
18%
18%
18%
19
18%
18%
18%
37
37%
36%
37%
35%
36%
53
51
51
22%
19
3%
3%
*4%
5
5'/a
*30%
32
*30%
*4%
*55
58
32
23%
24%
36'%
35%
36
*59%
60
*59%
60
24 y4
5%
5%
51%
51%
*35'%
36%
35%
35'%
61
60
60
114%
*114
107%
107
26%
27'%
1
1
2%
2%
2%
31%
*5
33%
34
60
60
1 32
35%
23%
24'%
36'%
500
5%
*58
5%
52
35%
35%
35%
35%
*111%
114%
111%
111%
;
114
*113%
26%
u
1
107%
27
111
115
*105%
107%
Xll0%
2%
26%
2%
2%
36
61
90
*113%
115
*105%
107'%
120
27
*109
it
27%
27%
111
,/>. %
it....
-
'>
28
it
7,700
2%
2%
2%
2%
2%
4,500
33
33
33%
34
35%
34%
35%
34%
34%
3,000
37%
37
39
39
40%
35%
39%
40%
39%
40 y*
18,600
35%
36
35
35%
34%
35
34%
35%
35
35%
35
35%
12,500
32
32%
30%
31%
30%
31
30%
31%
31%
31%
16,600
53%
51%
52%
51%
52%
52
53%
53%
54
31%
53%
31%
52%
;
36
54
20,600
41%
X38%
39%
*38%
39
39
39
38%
39
39*
39
*41
5%
5%
2.7%
27%
62
60%
60%
10 %
>61
5%
28%
5%
*27%-'
.
■
10
10
'
10
8%
15
•
8%
8%
60%
9%
5%
5%
5%
5 7/a
28%
28%
*27%
28%
28%
200
60%
60%
61
60%
61
61%
61%
10%
10%
10%
10%
10%
1,000
5,400
87%
9%
10,000
14%
14%
800
5%
10
,10%
8%
8%
8%
8%
14%
15%
*14'/4
14%
14%
8%
8%
X7%
7%
7%
9
4%
*5%
8%
14%
14%
7%
11%
11%
11%
11%
11%
11%
56%
55
55%
55
55
126%
126%
*125
126%
*125
4%
4%
7%
11%
55
128
4%
5%
5%
■'*.
5%
4%
5%
4%
..
.
4%
126%
11%
*56
5%
5%
5%
16
16%
*16%
16%
69%
*67%
68
7%
12
57
126%
4%
5
*67
9
14%
*
4%
*125
*5%
5%
*28
5%
7%
16%
69'%
*18
18'%
*29
30
16%
*67
17%
*29
16%
69
18%
30
8%
8%
*8%
9%
28%
26%
26%
26%
For
footnotes
see
page
2271.
17%
18
29 y2
•
*8%
X2S
16 %
*67
16%
70
18%
19%
19
19%
29%
*29%
30%
29
29
9%
*8%
9%
*8%
9%
26%
26%
26%
-.
26%
26
57/a
14,300
7%
6,700
ll7/a
12'/a
12,400
56
•
56
*125'
47/a
5%
1
16 %
*66%
1,300
29
58
11%
*56%
*125
*27
8%
9
14%
5%
•
.
16%
*68
18%
*29%
*8
26%
126%
5
1,600
20
7,800
5%
1,200
16%
1,900
70
19
...
,3,700
'30'/a
300
9%
100
26%
5,000
,
Co
9% Apr
7
98
Feb
18
78% July
59!% Nov 29
70
Feb
20
54
7% Jan
80
15% Jury 19
2
93% Jun
Jan
25% Jan
32 % Jun
34% Feb
(The)
L S
9%
Nov
6%
Nov
v
*
Oct
1
Jan
Jan
9 '
Mar 11
2
Jan
Mar
5
Jan
8
May
5
Jan
2
56
No par
3
35'% Jan 7
33
Jan 6
109
Jan 28
par
1
100
49
Jan 10
112'% Nov 17
107
Nov 29
25
Sep 27
100 7% Jan 7
No par
—.No par
No par
A Jan
1'% Jan
9
Jan
10% Jan
28% Jan
28 % Jan
46'% Jan
37 '/a Jan
5'% Nov
r.
25
No par
Jan
2
4
5
5
8
12
2
4
29
2
58% July 30
.
7'% Jan 12
4% Jan 2
14'% Dec
1
10
..—5
1
-
.
5% Jan
2
5% Jan 6
48% Jan 6
122
Apr 9
4% Nov 30
3% Jan
2
12% Jan 2
58% Feb 23
14% Jan 20
26% Jan 4
4% Feb
1
22% Jan
2
Sep
104
17
12% Mar 26
x9%
39% Nov
12%
3
78
107% July 24
Jan
it
Nov
a
Sep
7%
Sep
10
Sep
Apr
44
Jan
Jun
29 Yst
47% July 24
Mar 23
26
30
18
34%
May
Jan
112
6
6
Nov
23
16
4
Nov
A
Feb
12
Dec
13%
47%
ya
115
2
13
7
2
9
21%
May
1
1
21% Jan
10% Jan
15% Jan
15% Jan
35'% Jan
*42% Jan
2% Jan
2% Jan
33
Jan
21% Jan
23% Nov
32'%Jan
Feb
7
1
13
Jan
9
16
1% Mar
Feb
2
Apr
3 ya Mar
43
2'% Jan
6%
34% May
9
36% Mar 30
>
7
16% Jan 11
20'% Jan 2
132
Jan 15
1
-
28
50ya Aug
114
•
No par
%—20
No par
.1
Sun Oil Co
No par
Class A pfd (4%% cum)
100
Sunray Oil Corp.—————.—1
Sunshine Mining Co——;
10c
Superheater Co (The)
No par
Superior Oil Of Calif
——-25
Superior Steel Corp.
100
Sutherland Paper Co
10
Sweets Co of Amer (The)
12Va
Swift & Co
„
25
28
18% Jun
Jan
a5z Jan
2
% Jan
2
16'% Jan 4
2
Jan
8
59% Jan 12
10'/a Jan 13
9
Jan
7
54
Jan
4
8% Jan 20
64% Jan 7
5% Jan 8
31% Jan
4
17% Jan 14
2% Jan 5
16'/a Jan 2
'21
Jan
2
10'% May 21
28% Jan 11
15% Nov 30
22% Aug 16
19
Jan 19
15% Jan
2
10'/a Jan 2
No par
1
Sterling Drug Inc—
Stewart-Warner Corp.
= Stokely Bros & Co Inc
*
5% prior preferred™
Stone & Webster—
Studebaker Corp (The)
Apr
May 4
107% Jan 23
No par
No par
Standard Gas & El Co
—No par
$4 preferred
No par
$6 cum prior preferred
No par
1
$7 cum prior preferred
No par
Standard Oil of Calif
No par
Standard Oil of Indiana
——25
Standard Oil of New Jersey..——25
Standard Oil of Ohio—
25
Standard Steel Spring.
1
Jan
Jan
111
No par
.
Jan
64
6%
36'% Nov 29
No par
No par
—
Oct
27%
3%
35
5
conv
Apr
31
105% Jan
7
6% Nov 30
19% Jan 12
96
Jan 15
5
No
Jan
Jan
5%
4
3% Nov 15
6
Sep
8
100
preferred
Jan
8
„
27 !4 Nov 30
a°a Jan
6
A/a Jan
2
2
$4.50
Oct
74
8%
31% Nov
July 19
11% Jan
100
—
Jan
7%
129% Mar
9% May
43
No par
preferred
Jan
86%
12
20% Jan
pai
...3
—No par
19
100% Mar
17% May
Jan
5% Jan
No pur
Dec
7!% Jan
Copper Mines—
preferred
Dec
Nov
5%
9
•
preierred
71 y2
49
85 y4
x20
2
14% Oct
May
Feb
6 % May
39% July 21
12% Sep
Jun
7%
75% Apr
3 % Mar
1
11% July 13
5% Jan
No par
No
4%
6
1
..No par
(The)
Deo
Dec
1
—
70
28
..10
preferred
Starrett Co
88% Oct
5% Jan
78
100
Standard Brands,: InC—.—.No par
$4.50 preferred.
No par
700
7/a
Jun
Jan
...1
$4.25 preferred
6,700
110
110
Sep
*94%
.100
preferred
Squibb (E R) & Sons
$5 pref series A
140
107%
13%
101% May 24
No par
No par
5 7o
1,000
113%
20% July 14
6
4
14
No par
Square D Co
800
61 '/a
2
95% Jan
... ,100
;
Mar
73% Jan
.100
No par
No par
No par
Conv
400
36%
Jun
Spiegel Inc
II,000
114%
*111%
61
5%:
52
113%
27
13
'
51
70
*105%
111
*109
-
*59
;
Jan
2%
Spencer Kellogg & Sons
Sperry Corp (The)
Spicer Mfg Co
—
$3 conv preferred A—
1,500
60
5%
35%
61
34
38%
6
preferred
$5.50
12,100
36'%
17
Spear & Co
10
*33%
51
61
300
24
27
Oil Corp
Co
x55
Oct
.10
conv
Dec
10 '/a Apr
Sparks Withington
4,600
58
36%
50%
6?
3%
5'/a
*4%
60
'
'
32
3%
58
50
112
114
2%
>
3%
51
*106%
•■
*58
6
38'%
93
22
Dec
64% Nov
Southern California Edison
25
Southern Natural Gas Co
7.50
Southern Pacific Co
No par
Southern Railway —:—No par
5% non-cum preferred—.—100
Mobile & Ohio stk tr ctfs
100
3,100
34
60
5%
22%
*51
5%
36%
5%
22%
58
*55
X23%
61%
1
31%
5%
58
24
112
112
1
*55
36
27%
*111
*4%
:
23%
35%
107%
112
5'
3%
36
5%
114%
107%
27%
3%
23%
■"
*113%
112
3%
22%
52%
36%
X51
114%
61
3%
*51
*35
5%
51%
*112
52%
*59%
5%
114'%
37%
52%
31%
23%
•
51%
*112
36%
58
31
,
24%
*36
V
52%
3%
5 -%
*51%
55
*53
3%
___
14
13%
20%
3%
144
600
1,400
13%
14'/a
21%
*50
*138
1,800
'
22%
14
*51
144
38,700
•
22%
22%
21%
■
*138
12
69
No par
15
& Iron
20
$1.20 preferred
No par
Smith (A O) Corp
10
Smith & Corona Typewriter-No par
Socony Vacuum Oil Co Inc
15
South Am Gold & Platinum
1
Southeastern Greyhound Lines..—5
South Porto Rico Sugar—No par
8% preferred
100
1,600
16%
15%
*23%
Dec
Sinclair Oil Corp
Skelly Oil Co
Sloss-Sheffield Steel
20,200
16
16%
23%
Dec
13
May
19% Jun
Dec
Apr
6
2
Simonds Saw h Steel.
300
25
16
7'/a May
Shell Union Oil
15
Silver King Coalition Mines
-5
Simmons Co
.No par
3,000
35%
'
16%
.23%
%
*24
10% Mar
5
Sheaffer (W A) Pen Co.
3,800
25
6
20
Nov
11
4
8harpe & Dohme
$3.50 conv pref ser A
30
25
3y8
24%
10%
:
,V
24
20
Jan
Shattuck (Frank G)
3,800
47
*45
36%
10%
*36
9
4
12
Sep
3%
70
4
$5 conv preferred
120
11%
3'/a
3'%
65
70%
24%
23'%
1,100
64
11%
24%
*3%
5,000
13%
*69%
9%
24%
23'%
i
8,200
16
13%
65%
84'%
15%
y
11%
V
46% : 48%
v.,
84
16'/a
13%
70%
*9
24'%
24%
83%
.
400
2'/a
2'/a
1h ye Jan
^Seaboard Air Line
No par
4-2% non-cum preferred——.100
Seaboard Oil Co of Del
No par
Seagrave Corp.
5
Sears Roebuck & Co
No par
Servel Inc
*
1
Sharon Steel Corp
No par
2,000
11%
V
49
*46
82%
22
22
*69%
71
9%
9%
15%
11%
*69%
*8%
71
*69%
,:
9%
9%
11%
11%
11%
71
*69'%
.
%
:
107%
109
86% July 27
13% Sep 20
23%
Jan
% Jan
$4 preferred
10
.nu
i%
5
Jan
4% Jan
Tob class B
(R J)
Antelope
$4.50
10
>■: .%
8
Jan
May
1%
42!% Jan
Scott Paper Co
I,500
112
Jan
6
.No par
preferred
Spring
Mfg
5 '/a %
106
38%
20
Nov
1
Savage Arms Corp
Schenley Distillers Corp
7,900
36'%
6%>
35%
36'/a
*110
112
112
106
38
43
;.. 112
X42'%
6%
35%
*104
38%
*106
43%
112
112
39
St Joseph Lead
10
tSt Louis-San Francisco
100
6% non-cum preferred——100
tSt Louis Southwestern
-100
5% non-cum preferred
100
Safeway Stores
No par
1,400
%
•
23
.25
Rustless Iron & Steel Corp
3,900
;.iV
80
RR—. 100
warrants
Saratoga
Inc
Company
Ruberoid
47%
28%
29
with
&
conv
Richfield
$2.50
%
%.
43%
38
Roan
ft
'
;
112%
*37
300
&
43
6'%
6%
47%
28%
*112
112%
6%
*13
8
preferred———. .100
Ritter
7'/a
3%
*6
*104
.
109%
*106
"
;
800
13%
*45
%
1,400
24
24
%
400
9%
12%
7
*13
28
%
-,
106
*104%
110
47
27%.
:> *%
35%
106
*37
*45
3%
3%
112'%
47%
%
3%
*42%
13%
%
it
*112
24
13%
%
*%
*6%
23%
14
66 % Jan
Jlc
conv
Rheem
13%
9%
*12%
9%
*6%
6%
20
Common
12
9%
12
13%
27%
iiS
9%
12
6%
*J2
ii'
■;:>
6%
27%
11
%
"
9%
12
24
13%
*45
27%
%
f%
9%
12%
*6%
48%
27%
28
28
13
77/a
5
29
Reynolds
Reynolds
14,200
36%
Jun
5% Apr
5%%
120
;
26%
8
30
22
3 Vs Jan
.100
———
22% Jan
...a
Hosiery
Reynolds Metals Co
900
10%
*89
*36%
■
Nov
2nd preferred... .50
5% %
50
Nov
11'/a Apr
23% May
prior pfd ser A
Revere Copper & Brass
7% preferred...
4,600
80
79%
Feb
15%
28%
5
Motors,
6 %
300
87
Dec
5
Republic Steel Corp
6% conv preferred
10
12
26%
Nov
Preferred
16,300
102
*86%
86%
85%
78
;
90
7%
16%
15%
*100%
Jun
23% July
22% May
Rensselaer
Reo
2,700
Dec
7%
26
Aug 24
35
.....
440
8
8
8
102
6%
80
59%
*7%
15%
85%
*77
8
>100%
15%
102
82
10%
90%
6,100
22
20
Reliable
600
83%
16
59%
7%
14%
X7%
100%
*78%
7%
18
*17%
14
*60%
6%
82
*17%
18
13%
*80
9
*85%
*78%
18
*17%
13%
Dec
Jan
26% Jan
(Robt) & Co 1st pfd—— 100
Stores Corp
.....No par
Reliance Mfg Co..
.10
;
Remington-Rand
300
54 V4
15%
14% Jan
Reis
740
13%
44%
60%
15%
100 %
88
52
*12
Dec
34%
..50
Silk
Dec
Dec
3%
1st preferred™. .50
Preferred
5
59%
Apr
Jun
2
non-cum
47o
Real
10% Oct
Mar
non-cum
■'•47c
10
12
52
■
.
10
4%
*4%
*78
*78
83%
*80
16%
18
'
4%
*4%
11%
*48%
12
102
4%
*48%
54%
*11%
16
*4%
*80
*50
*100
*25
4%
80
8Vi
99% July 14
29% Jun
7
Jan
.,$2 "preferred—
32
4%
21
700
14%
*80
54% Jan
No par
4,000
*31%
4%
100
Raybestos Manhattan.—
Rayonier Inc
13%
31%
Nov
2% Mar
29%
14%
14%
46 Va Mar
13%
31%
9% Mar
1
*29%
•14%
Dec
4
13%
29%
Dec
Dec
92%
2
29%
13
29%
11%
106%
10% Jun
3% Jan
13
12%
29%
Highest
$ per share
Jun
80%
12% May
71% Oct
Jan
...1
29%
13
29%
85
59
No par
13
12%
30
4%
4% Jan
No par
preferred
conv
7
Apr90% May
July 26
29%
13%
*29%
*80
6%
9,000
15
share
R
Corp of Amer
Radio-Keith-Orpheum
1,470
25
.
$3.50 conv 1st preferred
25,200
25
*13
12%
2,100
93%
93
*24%
Radio
41,300
71
71
7%
7%
93%
26
8%
9
70
7%
93%
92%
X26
•>
8%
8%
70
■
™.
preferred—i^-
II
I per
100
15%
113
*101
15%
t per share
—No par
100
15
*111%
15%
I per share
Year 1042
Lowest
Purity Bakeries Corp.™ .__No
10,800
15%
Xl4%
113
102
Range Since January 1
Lowest
Highest
Par
Pure Oil
102%,
15%
*111%
Range for Previous
STOCK
EXCHANGE
Shares
$ per share
share
per
Sales
Friday
Thursday
Wednesday
Tuesday
Nov. 30
$ per share
per share
RECORD
HIGH SALE PRICES
Nov. 29
Saturday
$
AND
2269
110
Jan
Deo
19'/2
Jan
Apr
21%
Dec
May
98
Oct
Apr
39
Dec
109'/a Aug
106'/a Jan
116
Jan
25'/a
113%
Dec
Mar
1
Va
Jun
A
Feb
4% Mar
1
%
Dec
l'/a
Sep
26% Jun
1
10'/a
Apr
17'/a
4% Jun
10
1%
Dec
2
90
25
43% May
4% Jan
20
18% Sep
/
Sep
11%
Dec
Apr
10%
Nov
Dec
60
Jan
5
4%
64%
57
Oct
30
Apr
30% May
10 Va Apr
20
Jun
5
7
28 f May
27 % Nov
Apr
Apr
4'% Mar
11
29
Nov
8
8
16'/4 May
10% Jun
62%
62
.
17% July 6
73% July 26
73% May
Dec
3% Mar
2Va
Jun
9%
66
Dec
Nov
7%
35
Nov
.
18%
4%
Aug
Dec
Jan
11% May
20% Aug
Dec
27
Nov
Apr
30%
15% July
5
17
19%
29
20%
Jan
15%
Nov
lO'/i
Dec
2%
Jun
Xl3'/a July 14
45'/4 Sep
22
24'% July 19
23% Nov
39% July 16
25'/4 Jun
9
10
Apr
6Va Mar
15% July 15
5
Apr
Oct
1
1% Mar
6
28% July 26
14
Apr
15% Jan
30% Sep
8
17%
Jun
26%
149% July
6
122% Nov
144%
Jan
Apr
21 Va
Nov
25
Apr
14% Sep
14%
6
11
9%
Jan
Apr
12%
Jan
30% May
5
10
Jun
18'/a
Nov
30% Apr
5
12% May
18%
Feb
49% May
66
Apr.
6% Jun
23%
5
5
30
6% Sep
17
3
1% Nov
18
Nov
34% Nov
61
Jun
34% Jan
1%. Apr
■
39
Oct
50% Mar
3
Aug
3%
Feb
31
Dec
59
July
17%
Apr
24
Nov
Dec
31%
35% Mar 15
21%
44'% July 24
30
Sep
37
Mar
Sep
20
49
Mar
60
Jan
8% Sep
22
13
2% Sep
29% Sep
27% Jun
60
64
Sep
42
July 14
116% July 13
70
July 31
117
Aug 20
108
Dec
40'/a
Apr
109% Aug
Jan
4%
Jan
45%
Jan
38%
Jan
114
Feb
49%
113
Jan
Jan
107% Nov 27
29% Nov
1
115% July 30
89 V* May
A
2% Mar 13
tio"
Sep
Jan
%
Ost
36% Oct 25
% Apr
6ya May
11'/a Jan
40% Dec
1
6
Apr
131/4
40.
8
18
Mar
38% July 14
20
6% Mar 13
May
60
Sep 21
45'% May 26
9'% May
1
7
July 12
May
14% Jun
14
xl7
Sep
10% May
13% Jun
Oct
Jan
29V* Pec
29
Dec
47
Dec
40
Nov
5
31% Mar 31
66
Apr
30% Apr
25'A Apr
2%
22% Dec
142
6y8
Apr
Jan
34%
Jan
62
Dec
8%
Nov
3 Ya Mar
4%
Jan
4
6% Nov
29
7
5
63% Mar 30
130
Sep
29
6
Oct
Apr
3% Jan
43
Apr
116% Apr
6% Nov
55%
128
Jan
Dec
18
5%
Jan
Jan
1
3% May
22
May 28
11% May
15 y8
82
May
9% May
16%
Dec
26'/a
Dec
7% Apr
7
32% July 23
July 24
12% Jun
5
33
27% Nov
19
17%
Feb
3 Ya May
20
Sep
4% Aug
25
Jan
t
THE COMMERCIAL & FINANCIAL CHRONICLE
2270
Monday
Nov. 30
10W
Nov* 27' '
$
*28 %
27
28
28%
27
27%
28
28%
27%
27%
28%
28%
28%
28%
4%
5%
5Va
5%
5%
28%
1
the Week
29%
28%
28
EXCHANGE/'
No par
27% Nov
22% Feb
4%
5VB
4%
5
5
3,600
1
Sylvania ElecZProd's Inc
5%
7,500
4% Jan
7%
200
19% Mar
1943
Highest
$ per
15% Aug
3% Aug
2
Symington Gould Corp—
29
t per share
35% Apr 22
8
•
5%
Year
Lowest
35% July
8
Swift International Ltd
2,500
;
'
$ per share
$ per share
,P<*r
Shares
I per share
28%
27
27%
$ per share
Range Since January 1
Lowest
Highest
NEW YORK STOCK
Sales for
Friday
Dec, 3
Dec. 3
9 per share
I per share
28%
28 %
Thursday
Dec. 1
I per share
per share
Range for Previous
STOCKS
AND HIGH SALE PRICES
Wednesday
Tuesday
Nov. 89
Saturday
Monday, December 6, 1943
8
8% May 20
r
5% Jan
'"
*■7
7%
43
42%
8
*40%
7Va
7 Va
43
*7
7%
*40%
7%
*40%
*40%
42 Va
4%
4%
*4%
4%
4%
4%
200
10%
10%
10%
*10%
10%
1,000
x46%
46%
4 Va
;
4%
*4%
4%
*4%
4%
10%
10%
*10%
10%
10%
10%
45%
46%
47%,
47%
'
47%
46%
4%
34 V4
34%
13%
13%
13%
13 Va
9%
9%
9%
9%
9%
16%
16%
16 Va
16%
16%
17
12
11%
11%
11%
12
49
48
.14%
14%
13%
14%
,: 9%
9%
,9%
4%
4%
34%
16%
12
*11%
*48%
*47%
49%
X34
*47
49
'
-
"5%
93
*91Vaf
93
*5%
92
46
5
■■■
46%
7,400
5
4%
3,400
3Vs Jan
*43
45%
*43
44%
,
/ *3%
;
3%
-10
8% Jan
18
9%
5,100
Texas Pacific Land Trust
1
7V4 Jan
17%
1,700
11%
1,600
Texas & Pacific Ry Co
Thatcher; Mfg Co-—-
9%
17%
■
.
17
11%
*11%
49
49
48
48
120
*5%
6
*92 Va
93
~50
6%
7
4,600
43
300
'
6% Jan
Z
Preferred
--i-
35
43%
*3%
3%
7%
x7
2% Jan
X43
/'
43
43
3%
3%
12%
*11%
29%
28%
3%
-
4
■
11%
12
11%
11%
*11%
29%
29%
29%
29 Va
29%
29%
29%
1%
.1%
1%
1%
i%
1%
1%
;. i%
1%
1%
1%
16%
16%
*15%
16%
*15%
16%
16%
*16%
17%
*16%
xl3
*11
*11%
29
200
12%
29
3
Thompson ,(J R)
25
-Thompson Products —
No par
Thompsoh-Starrett Co_i_—No par
1,600
■
*16
,
1%
12,400
17
13
12%
12%
13%
12%
13%
12%
13%
99%
100 V4
100
100 %
100V4
100 V4
100%
100%
99%
100%
100%
*24%
24%
24
24%
24
24 %
24 Va
24%
24%
24%
24%
25
,45%
45%
45%
45%
44
44%
44%
45%
45%
45%
45%
45%
7%
.
12%
2%
8%
83%
x7%
7%
*7%
20%
.
20%
xl9%
27
x26%
20%
20%
27
27%
26%
100%
*99%
100%
*84%
•
/
7%
7%
13%
1,640
7%
18 Va
18%
*11 %
1,700
TimkenRolierBearing——-No
.
7%
18%
'
Timken, Detroit Axle——
3Va
3%
85%
8%
85%
85%
*84%
85%
170
*7%
8%
*8Va
8Va
19%
20Va
20%
20%
20%
20%
12,600
27 Va
27%
9,300
100% 100%
-400
26%
26%
27 %
27%
27%
100%
*99Va
100 Va
100 %
3
ioov4
3%
6,600
.
-
20th Cen Fox Film Corp_—_No
*70
71%
8%
8
8%
70
8%
8%
50%
50%
5
5
*70
71
5%
*5
*70
71
8Va
8
8Va
8
5%
.
5%
70
900
70
8 Va
49%
50%
Under Elliott Fisher Co
Jun
27%
Jan
Mar
10: :
lVa Nov
Jan
15% Nov
15% July 14
8
Jun
85
Mar
97
Dec
22
May
34%
Jan
50
July
8%
10%' Feb
31% May
7'
43% Jan
6%-Jan
4
15% Jan 27
10% May
25% July
5
4
Jan
6%' Dec
8
6
7% May
8% Jan
18% Dec
16% Apr
5
1% Jan
69
par
4% May 8
May 25
9% May 4'
24% July 15
34% July 14"
8
Jan
4
•
101
9% Jun
4% Jan
„
Jan
67
2% Nov
56% Jun
5%
7%
71
Jun
Jan
Nov
7% Aug
16
19% Jan
Oct
26% Nov
13
1'
1%
6*
Jan
Nov
77% Jun 18
11% Jun 10
21%
Jan
78%" Nov
5 %
May
7% Nov
59
6% Jan
—-.1
Oct
12% Mar
% Mar
90
6
6% Jan
12%, Jan
preferred———;——100
2,000
5%
.103% May 26
34% Mar 31
Nov
——
17% July
Mar 18
26% Jun
Jan
Ttfln Coach Co—
3% Sep
9% Dec
4
99
3,000
8Va
34% Feb
12
25
7%
Jan
Jan
30
May 27
4
No par
50
4%
Apr
Jan
$4.50 prior pfd————No Par
Twin City .Rapid. Transit—No par
$1.50 pr Sferred—
Mar
52% Dec
Jan
3%
Jun
3
2% May
41
4
Oct
Jan
42,
'11% Jan
-2
Truax-Traer
'
5
70
*4%
5Va
71%
par
preferred
-No par
Corp——No par
$6
Nov
S'/rfJuly
3
2
233/4 Nov 17
40% Jan 20
Tri-Contlnental Corp——.1
-100
3
3
//
19%
34%
DeC
9% Jan
par
Transue & Williams St'l
100
9%
94% Jan
par
Transeont'l & West; Air Inc—
5
No par
2,200
-
Oct
8%
Sep
15
July 23
33% Jun
4
8%, Jan
1 % Jan
-•—10
Transaraerlca Corp_—
5,300
12
5
28
24%
6% May 24
49
Jan
16
8
9% Sep 18
26% Feb
—10
$4.50 conv preferred---.-—No
.
2,200
11 Va
18%
11%
Tide Water Associated Oil
7,000
100%
*7%
'
8
*99
5
4%'
5
*69
8%
10%
2%
2%
84
83%
.
*11
85
*10%
3
2%
83%
*8%
11%
*11%
2%
83%
*18
18 Va
12
18
18
7%
7%
7%
7%
7%
18%
18
13
*12
i
7%
7%
18%
18%
13%
preferred.——N<
$3.50 cum
200
95
Jan
Jan
33 V4 Jan
10
preferred——™
Third Avenue Transit Corp .-No par
'
12 V4
n%
29%
*99%
$3 div conv
700
3%
,
"
•ThermoldCo—----1
Oct
8% Dec
May
4% Apr
7% Jan
51% Aug 19
8
July 12
5
Jan
52
100
—
14
12
5
July 22
27% July
16 % Nov 30
100
—Na par
•v. $3.60 feonv preferred-i-i—,WO par
The 'Fairi————No \ par.
"
7%
7% May
30
Apr
13% July 14
10 Va
6
43%
37%. Oct
4,500
93
45 Va
Apr
13%
Texas/Gulf Sulphur
i
Texas Pacific Coal & Oil
No par
13%
*5%
3%
*43
3%
3%
3%
Apr
2,700
14
*92 Va
7%
2
28
34%
9%
Oct
6% July 14
;
Nov
34
Nov
4
41% July 13
41% Jan
13%
:
5% Nov
35
1% Mar
9% Jan
42 V4 Dec
3% Nov
34
6
7%
7
Apr
3
5% Mar 16
13% May 29
53% July 14*
2
Apr
Apr
32
45
Jan
8% Jan
■
7%
7 %'
7%
7%
Jan
3
34%
92
92
35
partic preferred
50
Telautograph < Corp—
—5
Tennessee ;,Corp—--5V.
Texas Co (The)———
—25
Texas Gulf Producing
JVo par
5 Va %
4
8% Jun 24
5% Jan 25
Talcott Inc (James) ———,—9
43%
34%
48
*5%
6
*91%
6%
*5%
6%
*91%
5
*7
*40%
43%
11%
4%
34%
12
5
4%
4%
34%
17
46
45%
7%
•
34%
4%
84%
*16
*10
»7
*40%
share
29 % Nov
25 Va /Dec
2
28%
Jan
26
7%
58
Sep
U
51
9
51
50%
51
9
8%
8%
8%
77
78%
76%
77%
116%
*116
116%
112
*110%
112
50%
78
78%
*116
8%
,
.
x76%
77%
*114
116
116
9%
9
8%
8%
77
51
50%
50%
115,%
.
9%
9%
11,600
116
*114
116
111%
112%
*111
112%
18%
*114
,
/"•'
'
'
'
//;■•
'
'
18 %
18%
18%
18%
18
18%
18%
18 Va
18%
2,800
94%
93%
94
94
94%
x93
93
93
93%
2,300
Union Pacific RR Co
93%
93%
*92%
94%
93
93
*92%
93
92%
92%
27
26
26
26%
26%
*25%
26%
*25%
26%
26%
26%
27%
26%
27
X24%
24%
24%
25%
24%
25%
24%
25%
99%
99 Va
99%
*99
100 Va
99%
99%
99%
101
23
22%
23%
22
22%
22%
22 %
22%
23
18%
18%
19
18%
18%
18%
19 V4
19%
18 %
94%
93%
*26%
267/o
99 Va
22
.
5*
113
70
Jan
114% Oct
15% Jan
*18%
117
*112
*58%
*23
*23
*111
115
112
59
59
*58%
60%
24%
59%
24%
*111
112
59%
*23
24
*23
24
117
*112
61
*18 %
4%
400
non-cum
102% July 16
100
79% Jan
100
115
*111
800
58%
58%
23
23
114% Jun
33% July
8
109% Jan
55% Jan
preferred—
conv
,
69% Jun
x26
18% Jan
Jun..
Jan
16%
May
Dec
Jan
85% Nov
Jun
81%
Feb
30
Feb
3
y36% Jan
89
22% May 12
114
Jun 11
Jan
108
21% Aug
23% Jun
May 27
16
100
5%
100
40
Dec
113% Nov
74%
20*
93% Jau
4
17% Jan 20
par
United Carbon Co—-.——No par
United-Carr Fast Corp—
No par
900
24
*23
United Biscuit Co—, ——No
50
115
59 Va
59%
United
10,400
Oct
Dec
9% Jan
63%
28% Mar 30
24% Jan
——_5
——100
Air Lines Transport—
5
—
1,500
22%
20%
97
x24 % Nov 30
United Aircraft Corp
5% conv preferred—-•
15,300
100
22%
*20
Union Tank Car——.i--—-_No par
400
.
.
preferred
10
22% July 14
80% Jan
46
83
Apr
108
May
100% Mar
19
100
"
'
July
11% Feb
86% May 27
xll8
Apr 29
105% Jan
Preferred $4.50 series
94%
18%
93%
,
18
Jan
x76% Dec
No par
Union Oil of California———25
112
112-
112
*110%
Jan
8
Papery—.——No par
Carbide Ate Carb—__No pat
Union El Co of Mo $5 pfd—-No par
Union
:
93%
112
42
No par
Union Bug &
8,000
77%
77
77%
.
V1
104%
Apr
7%
8
Apr
17
104% Mar
113
1
37
3
16
Jan
20% Dec
9% Mar
May
Jan
Oct
Oct
58%
Dec
20
Feb
'
1
1%
31'A
-
,
1
1
1%
,■
1
1%
31%
32
31%
31%
1%
31%
32%
1
■
IVb
31%
32%
:
12%
*12%
*5%
6
,
52
*50
12%
12%
5%
,12%
:
*5%
5%
t50
50
-•50;
13
12%
12%,
5%;
.
■
5%
5%
50
52
7
7%
United
6
:*5o
0
400
50
:
.7%
7%
7%
8%
8%
23%
24
24%
24%
24%
24 Va
*24%
25%
1,800
70
70%
2%
70
70
69%
70%
70%
71 Vb
70%
71 %
70%
2%
2%
2%
2%
2%
2%
2%
2%
28
27%
27%
4
3%
4
3%
7%
7 Va
7%
7%
2%
28
*7%
97
13%
178
34%
4%
68
68%
69
69%
175
*172%
*8%
33%
33%
4%
4%
5
15
*119
9
43
*9
36
36
'
30
*37
-
40
29%-
35%
1%
1%
37%
37%
37%
29%
2,500
40
35 Va
35%
1%
1%
1%
1%
1%
37%
72%
71%
71%
49%
50%
49%
50
*70%-,
49%
50
120 Va
120%
71
•
Va
120 Va
x21%
21%
47%
*43
47%
37%
37%
125
123%
21%
21%
29%
29%
*71%
*43
100
35%
53
47%
9%
40
52%
21
*9Va
29%
'
125
52%
70
x37%
X124
52%
38%
70
70
50%'
50%
120
120%
21%
21%
120%
21%
47%
1,900
21%
*43
47%
,
U S
f
70
50
!
119Tb
21%
*43
;
70
;
120
2,600
21%
4,100
47%
—
/
Oct
29
U%
2%
4%
Feb
2%
5%
Dec
87
10% Oct 29
May
40 % May
159
May
4% Apr
1
34% Jan
Feb
41
75% Oct 20
181% Apr 17
,
44% Nov
11% Jan
64
Dec
174%
Dec
6% Jan
Sep
Jan
4
x42% July 14
24 J/a
Apr
34% Jan
Jan
8
2%
Apr
6
7% Apr 26
19% Apr
8
4% July
14% Oct
108
16
z::
114 Oct
8
Jan
4% Nov
!.
Jan
Jan
22
7
Jan
15
1J Jan
2
May
.3% May 10
25% Jan
Aug 23
29% Jan
20
13
,
29% Jan 13
—10
32
———1
No par
Rubber Co—————10
7
99
sVb July 19
9% Jun 10
37 %-May 25
42
:July 9
44% Jun
2
9
10
U S Tobacco Co_i———,—,No par
7% * nonrcum preferred,,—25
6 V\
13% Jan
cl A———No par
Co,„———ill-
—
4
July 13
4
preferredi.—,^--_i.-___100
'
19
8
Jan 29
Oct
30
par
——
26,600
29
39% Jun 17
Preferred
,_50'
U S Steel Corp,..,,——No par
Preferred i.,——u„—___100
600
50%
2% July 21
Jan 19
5% Jan 17
5
Jan
8
Jan
4
112
Jan
7
8
..
29
20% Nov 18
42% Jan
4
125
.
Apr
Dec
1
Mar
13% May
Mar
37% Apr
27% Deo
103% Dec
51%
Jan
71
Jan
58
Apr
44% May
107% Jun
5
6
119% Jan
15% Apr
39% Mar
July 19
50% Aug
30% Aug
54
02
64% Jan 13
47% Jan
29% Dec
32%
Apr
Vz Aug
May T
74
Nov
1
59% July 15
■
Jun
20
129% July 23
46
114
26% May
46% Sep 20
101
8 'io. non-cum 1st preferred—_ 100
U S Smelting Ref & Min__—_—50
1,300
Sep
Apr
77% Apr
•
No par
Plywood Corp
U S Realty & Impt-i—
14,000
16%
50
No
U S
5,700
Jan
Apr
59
U S Pipe & Foundry,
U S Playing Card Co,——.
1,600
7 •52%
conv
72%
173
Co
Preferred:
■
400
35%
1%
38% ,39%
>.Jii24
52
70%
120
42
124
51%
50%
*43
*37
124 %
51%
50
•
Prior
*U S Lines
8,900
9%
*9
Partic &
1,500
5%
35%
1%
37
15%
111
5%
29 Va
123%
20%
15%
Jun
5
/U S Industrial Chemicals
*110
48 Va
20
200
5%
76% Sep 21
9
2Vs Jun 16
6
16% Jan
.—100
1,000
39
53
*43
9%
*9
111
5%
Feb
60% Mar
2
4%
Jan
6% Sep
35
9% Jan
34%
Nov
Jun
84% Jan
*4 V4
Dec
3%
50
25%
No par
Freight Co__
U S Gypsum Co
/
7% preferred—,
U S Leather
3% Mar
5
4
34 Va
15%
15%
*110
5%
Dec
8%
8
Apr
6
240
4%
9% Jun
5% Apr
42%
29%
125
120
15%
113
18
35
13% May
98% Nov
42 Va
//,;
'
6
;U S Hoffman Mach Corp
5% % conv preferred-
34
*4%
ft Oct
,
23% Nov 30
4
U S
10
4
9
4%. Jan
500
35
52%
120%
33%
5
5^8
5Va Jan
July
30
.——No pat
;/ $8 1st preferred.
2,700
■
66
Jan
3 Va Jan
8Va
39
123%
120
34
7C%
175
4
5
Cos
z/../;/ 8V4
40
53
*52%
43
70
*172%
8%
29%
125
125
69%
175
*8%'
35
34%
1%
1,800
43
*15
Coal
United Faperboard
10
;U S & Foreign Secur——No par
200
13 Va
43
*111
9%
*37
35%
96 %
13%
*4%
5%
5, JOO
96
*33%
15 Va
113
5%
9
X29%
"i
43
2b
13%
13%
8%
2d
»
97%
*96
.
*172%
15%
30%
37%
13%
8%
1131
5% V 5%
1%
96%
68%
*110.
40
1%
2,200
34%
*37
30%
1,300
8
'
173%
9%
*9
4Va
8
2
1
42%
15
15%
113
5%
4 Vs
8
xk
175%
*8%
*42%
5%
*15 Va
*110
4Vb
8
13
8%
*4%
■
3%
7%
13%
176
*33
34%
4%
3 ', 8
97
42 Va
43
*42%
3 %
7%
13%
Electric
United Gas Improv't ex-distribtionUnited Merch & Mfrs Inc
1
21,500
9
■
"
'
3%
97
*8%
United
7
Drug
United Engineering & Fdy
;—_5
'United Fruit C0Z.L-——:~Nn par
,1,900
2%
28%
7%
96%
68%
68
*172%
8%
*8%
71
28%
97%
i
,13%
68%
68
*172%
\
28
13%
*96%
97
*13%
28
2%.
8
4
2% Jan
38% Jan
Co—
_5
Dyewaod Corp—1
Preferred „———_:kZ—„ 100
5,600
24%
7%
Jan
July
4% Apr
1% Apr
33 Va Aug
15% Sep 22
7% Jan
United
52
*5Va
-52
"
3,600
13%
;,i3%
-
24
7%
as
11
"
25
.
7%
6
*50
2% May 10
35% Sep 29
,
15,200
25
7%
U Jan
17% Jan
United Corporation
No par
$3 preferred———No par
22,100
32
i
'
13%
*5%
50
IVb
31%
:
13
'
1
31%
46% Jan
55% Jan
24
Jan
'
*2%
2%
2%
3
/
2%
2%
■
'2%
>
2%
2%
2%
2%
2%
3
3
•
2%
3'"
2%
3
■
2%
2%
*79%
83
*80
83
79%
80
*79 Va
82
83
83
*15'
15%
*15
15%
14'%
15
*14
14%
14%
14%
3
3%
*3
3
3
2%
3
*30 Va
31
*30 Va
31
*30 Va
31
*30 Va
31
69
67
*66%
68%
*66%
68%
*66%
68%
165% 165%
3
*162
16%
10%
16%
*9%
34%
34%
34%'
*117%
119%
16%
9%
*57
60%
*60
165
165
17 :
10%
*9%
*34
117%
*162
16%
16%
9%
*9%
*34 :
34%
117%
3%
-
38%
17%
*9%
10
*34%" 34%
116% 116%
42"
*41%
*116% 118%
*41%
42
16%
165 /
360
Universal
,8%
117
;120
*56
63
*55
60
*55
60
64
*56
64
*56
64
*56
64
*20%
21 Va
*20%
21 Va
*3%
.3%
3%
3%
1,500
47%. 48
*116% 119%
40
*39
*46 Va
47%
1,100
*116%
119%
3%^
3%
46%
40
,
38%
*38%
*32%
33
104
*102
*147
3 Va
46
*116% 119%
39
38%
33
3 Va
46
39
21 Va
*20Va
3%
46
:
3%
46
*116% 119%
40
*39
;
*39
41%
300
1
40
38%
38%
*38%
39%
38 Va
38%
33
33
33
*32%
33%
33
33%
106
*102
: 106
39%
*147
*147
*102
106
*147
*102
Oct 27
20% July
2% Nov 17
6% July
40% July
59J/« Jan 1*5
150
Jan 12
75% July
preferred——
pat
—100
Van Raalte Co Inc—
Victor Chemical Works——,5
Va-Carolina Chemical
—No paf
6%
div partic preferred—
,1001
Va- El & ;Pow $6 pref—
—No par
Va Iron Coal & Coke 5% pfd
100
"40
*
3% July 19
3
Oct
4
88
30VS Nov 13
No
,
*300
5
56
Jan 23
14% Nov 30 /
1
Inc
: .5
7% lstr preferred—lOO
Vick Chemical Co_„
_5
; Vicks Shreve Si Pac Ry—
,100
;
5 % non-cum preferredj._J—,100
.
6
% Jan
,
.Jta pat
Laboratories
Van Norman Co——50
63
21 Va
_|
200
•
*56
*20%
pat
"400
*55
21 Va
„No
Vanadium Corp of Am_,—i_No pat
5,200
9%
1% Jan
1
,,5
preferred,^
Preferred.
'Universal Leaf Tob^
'10
34%
41
conv
Universal-Cyclops Steel Corp
60°
v
17%
.9%
34r%
*116 Va
$6
——
67 Va
64
104
105
*147
16%
10%
34%
*162
3 '' '
31
63
40
33%
*104
165
67
42
*116% 119%
38%
*32%
<162
3
*30 Va
42
46
41
*40
■
300
-
43
21 Va
46%
*118% 120
67 %
66
17
'
3%
15
*57
21%
46 Va
900
*14 Va
Stookyards Corp
United Stores class A
4,500
*56
■
United
600
2%
*41%
64
21%
17
34%'
*117%' 119%
43
*41%
*162
—
3
82%
'
3%
31
*3
*30 Va
2%
2%
82%
165% Nov
106
700
700
50
*147
Virginian* Ry Co,—,.
6% preferred
/Vulcan Detinning Co,,
25
.
Preferred
25
—
—100
—100
1% Oct
60% Dec
12
July
15% Nov.
41
May
Apr
152% Deo
142
15% Jan
4
7
25% July 15
12% Feb 25
14%
8%. Jan
.25% Jan 11
37% Oct 21
19
115
1
Mar 15
40% Nov 16
Oct
-
22
65
Feb
15
67% May 6
26% Feb 15
20% Nov 18
2V4 Jan
4
39
Jan
5
Aug 28
6% July
Oct
61
Jun
20% Jati
7% Jun
HVarMar
Mar
112% Jan
30
May
50
July
55
Sep
18% May
1
Jan
26
Dec
116% July
42
r
Deo
55
Jan^
60
Nov
25% Jan
2% Oct
22% Jan
40% Oct
110% May
117% Dec
45
Oct
,27
Jan 14
29% Jan
2
40
8
110
Jan 26
150
113
Oct
1
1
xl23
Jan
1
Aug 30
68% July
Jan 15
20% Jan 14
116;
80
5
44% Oct1 6
Jan
51
57
120
f
14
Oct
1
35% Sep
8
Aug 18
Nov 22
*
.
2
2
16
7
2T
% May
% Apr
34% May
'
Jan
21% Nov
24
Apr
31% Jan
26
May
70
Jun
120
Mar
29%
Oct
96'/a Mar
138
Jan
W
36%
36%
36 Va
36%
36%
36%
36%
36%
*36%
37%
37
37
1,300
Wabash RR
10-%
30%
10%
10%
10%
10%
10%
10%
*10%
10%
10 %<
10%
1,000
Waldorf System—
25%
25%
25
25%
25
25
25%
25 %
25%
25%
25 %
25 %
800
*105
105%
*105
*105 % 106%
100
*105
106
For
footnotes
see
page
2271.
105%
105% 105%
*105
.
106%
4V2^»
Walgreen Co
4% %
preferred
100
24% Jan
4
No par
No par
7% Jan
5
20% Jan
preferred—
•
100
103
2
Feb 10
39% Oct 30
11% May 29
28% July 15
109
Jun 10
21% July
6% Mar
30% Jan
16
Apr
20% Nov
97 %
Jun
7% Nov
102%
Oct
Volume
158
Number 4235
THE COMMERCIAL & FINANCIAL CHRONICLE
2271
NEW YORK STOCK RECORD
LOW AND
Saturday
$
per share
*48%
HIGH
Monday
Nov. 30
t
$ per share
491/4
SALE
Tuesday
Nov. 29
Nov. 27
47%
48
48%
17 %
*171/4
17%
*16%
171/a
6%
G%
6%
6%
6%
6%
7%
7%
*7%
48 %
1%
"40'/a
20%
*141/2
23
6
22%
*76'/a
76%
*76'%
14%
15
23
*85
86
93
93
83
*81
*110
85
14%
par
—No
par
1%
1%
1%
45%
45%
46%
457/a
457/a
1,000
11%
11%
11%
11%
11%
20,800
25
*24%
20%
20%
20%
14%
14%
23
23
23%
6%
6%
22%
22%
*75%
15%
■
78
15%
85
*84
91
*80%
Class B
1,300
$7 preferred
Warner Bros Pictures
15%
106%
106%
*106%
26%
26%
26%
116'A
115
15%
*2%
76
84%
92
82%
82%
82%
*115%
116'%
115%
15%
3
15%
.3
3
—No
par
15'A Jan
4
Sep
4
17% Jun
17% Jan
8
—No par
23 %
5
2'/a Jan
177/e Jan
12
Apr
91
Apr
104
Jan
36
Apr
93
Jan
102
May
100
West Penn Power 4%%
West Va Pulp & Pap Co
15%
70
1,300
Western
1,200
Western
1,600
6%
57
pfd—100
109
2
Jan
5
100
Supply Co—
Maryland Ry
103
Jan
19
Jan
Jun
3
16% Oct 29
5
10
Auto
119
2
10'%
110
Sep 22
30% Sep 20
100
2% Jan
2
4% non-cum 2nd preferred
100
Western Union Teleg class A_No par
6% Apr
5% Jan
2
ll7/a Apr
8
49% Oct
Sep
12% May
27
6%
7%
6%
7
7
41%
42%
42%
43
42%
43 Va
22%
23 Va
23
23%
23 'A
24'A
20
19%
6,000
20%
19%
20
19%
20%
19%
20
197/a
20%
6,600
Westinghouse Air Brake
15% Jan
4
5,100
Westinghouse El & Mfg
1st
partic preferred
—50
81
2
100
July
1
50
120
Jan
5
136
Jun
3
Weston
Instrument
12.50
31
Jan
12
40
Westvaco Chlorine Prod_
July
9
No Par
29% May
5
*32%
34%
*24
24%
109 %
32%
58%
*94
*109%
96%
21
20%
58%
96%
20%
23
109
91%
23
109
109
•
*31
23
22%
110%
*55
32
*31
24
109%
*55
32%
91%
109
32%
20%
126 Va
*31%
3 2'/a
300
24
55%
96%
96%
20%
.19%
19%
19%
65
65
661/2
661/2
*63%
65%
*63%
17
17
17
*16'A
17
*16%
17
*53
66
17
23
108
57%.
1,000
108
*53
140
96%
160
20
20'A
3,700
65
65 'A
250
17
<$4.50
10
96%
20'/a
.
57%
97'A
200
*65%
66
*16%
j
23
109
108%
55%
Class B__—
40
32
32
96%
xl9%
_
92%
"123%
*22%
96%
*95%
92%
125
125
58%
96%
92%
600
12,900
17
•
*16%
Elec
preferred
No
*
Wheeling & Lake Erie Ry
5% %
Wheeling Steel Corp__,
15
Jan
106 % Jan
par
Mar
Jan
No
.
No
(The S S)
18
par
60
Apr
Jan
99
Oct
19'A
18%
19%
6%
,6 '/a
<6 %
61/2
6%
6%
6%
6%
6V2
4%
4%
4%
4%
4%
4%
4%
4Va
*4%
13%
18%
66
66
*60
66
*60
68
24
24
*23%
25
*23%
24
5
4%
19
*4%
4%-
4%
12
4%
12
6%
12
78
10%
10%
*10%
*19%
20%
35%
35%
*10%
21%
35%
22%
21%
.
5
10%
20
*19%
35%
21%
2
24% July 22
71% July 14
5
14
Jun
20
21%
120
>103
110
*96
110
47%
47%
50
47%
50
87%
*26
Jun
15%
Jan
3
Mar
5 Va
Nov
1%
Apr
May
3'A
48%
5%
48%
26
50%
51
*49
52
*48%
50
*86
87
*80
83
78%
65%
26Va
*26%
27
26
y
26%
;
26
65%
26%
13%
13%
34%
35
95%
10%
10%
94%
95
95
10%
:t
95
11
11%
11%
29%
29%
29 Va
29%
29%
3%
3%
3%
3%
3%
prices;
no
sales
on
this day.,
*93% '
/
30
11%
,y
26%
2,900
7,000
95
11%
4,100
600
30%
30%
31%
3%
*3%
3%
700
Deferred
a
Transactions at the New York Stock
delivery,
n New Stock,
r
Stocks,
Week Ended Dec. 3, 1943
Saturday..
Monday
Tuesday—.
Wednesday
Thursday
Friday
and Miscel.
341,070
Government
Foreign
Bonds
-
9,848,100
715,280
8,580,500
602,000
557,870
6,726,100
307,000
1,000
Total—
-
—
$42,347,100
$3,447,000
$75,200
$1,000
878,000
Shares
1943
579,000
25,000
554,000
32,000
S.
&
Industrial
Total
Below
42'/8 July
16%
Dec
21% May
25% Oct 28
14%
Jun
July
134
Sep
106
Nov
117
Mar
44% Jan
46
4
9
54
18
Jun
1
42%
uun*
18
44
Jun
Apr
20
80
Jun
104
Jan
70 '/a Sep
29
39
Apr
62
Jan
58 Va Jan
4
21% Jan
13
V/a Jan
4
31% Sep 10
17% July 13
15% Jan
par
6
41% July 14
28%
23
57% Jun
108
30
Jan
100
82
Jan
4
98
Nov
12
2
16% Jun
7
7
19% Jan
2
1
Jan
wd When distributed.
12
2
37% July 13
4% May 10
x-Ex-dividends.
y
the
daily closing
23%
Oct
7%
Nov
37%
Jan
Jan
-
8%
May
Feb
1% May
87
Oct
12%
Jan
20
Deo
2% Jan
Ex-rights.
Exchange
Bonds (Par Value)
Foreign
Domestic
Shares)
89,710
Monday.
$319,000
192,945
615,000
Government
22,000
$1,000
784,000
12,000
2,000
182,175
.
961,000
20,000
886,000
19,000
152,293
,
152,779
690,000
$4,255,000
$119,000
1943
3,016,884
38,554,200
2,941,586,800
261,199,520
108,634,130
$33,000
$3,267,075
2,067,000
112,640,600
Stocks—No.
$6,367,050
114,063,000
2,016,068,100
of
shares
1942
970,742
1942
1,260,413
638,000
798,000
981,000
"*5,000
910,000
$8,000
$4,382,000
45,000
970,742
Total..
Total
$320,000
200,840
Tuesday—
Wednesday
Week Ended Dec. 3
1943
Foreign
Corporate
$1,000
735,000
Jan. 1 to Dec. 3
1943
67,192,153
1942
18,514,106
Bonds
Domestic
$4,255,000
,—
Foreign government
$40,654,200 $3,057,494,475 $2,136,498,150
$3,289,000 $203,918,000 $156,603,500
119,000
Total
706,000
12,148,000
4,504,000
8,000
Foreign corporate
20,000
1,264,000
721,000
$4,382,000
-
$4,015,000 $217,330,000 $161,828,500
Stock and Bond Averages
are
Jan
Jan
Apr
78
9Va Jan
par
54
57%
Jun
5
par
No par
Special sales,
Jan
125
par
s
Dec
21%
Nov
No
sale,
31
117
9
Zonite Products Corp
Jan
Sep 20
3
No
Oct
24
149
Jan. 1 to Dec. 3
1942
$45,869,300
2
3
100% Oct
Saturday
9,194,200
$75,200
3,447,000
42,347,100
Government—-
Jan
110% Oct 21
of
7,851,800
10,434,100
11,700
3,739,970
Foreign
Railroad
20
73%
110%
Jan
Week Ended Dec. 3,1943
8,046,700
Bonds
2
16% Jan
Oct
Deo
Jan
Stocks
$3,308,400
4,500
Week Ended Dec. 3
Of
30 % Jan
par
Dec
2%
8'A
6
12
24% July
(Number
$45,869,300
r.
Stocks—NO.
9
2%
6%
78% Dec
7,034,100
3,739,970
4—-
17% Jan
Nov
Jan
107% Jun
2
11% Apr
119
Jan
22%
Sep
Sep
par
Zenith Radio Corp
Cash
Sales
711,270
-
.,
8
86% Oct
27
Jan
100
Bond
Bonds
$527,000
702,700
Jan
3%
51
Jan
53
Daily, Weekly and Yearly
$2,780,400
7,164,200
7,247,800
—
4
9
Total
711,780
4
-
57% Jan
28
Transactions at the New York Garb
Vnited States
Bonds
2
115
10
preferred A_.
6% July 19
9% Jun
14% July 14
9 Va Sep 20
'
100
Apr
l'/a Apr
1% Aug
4% Apr
No
Exchange
Railroad
Number of
Shares
6
4'A Jan
10
Daily, Weekly and Yearly
■■I'"
2
2
Jan
10
pfd—
5%% .preferred series A
Youngstown Steel Door
2,900
*3%
iln receivership,
2% Jan
2'/a Jan
8
1
Yale & Towne Mfg. Co
Young Spring & Wire
No
Youngstown Sheet & Tube—No
1,900
13'/a
35%
30%
3%
15 Va
—No par
*
6%
Wright Aeronautical
Wrigley (Wm) Jr (Del)
500
•
11%
95
11%
700
13'/a
,
40
Oct
preferred B
100
Prior pfd 4%% series
.100
Prior pfd 4% % Conv series—100
90
65%
26%
35%,
95
y
35
13%
34%
Apr 30
27
6%
300
94
* 13Va
1%
■
80
*64%
„—
Co
Worthington P & M (Del)—.No
"
48
66-
13%
asked
2,700
86
No par
Woolworth (F W) Co
12,000
/.
15
19
10
-
Woodward Iron Co
110
86%
34%
and
22%
120
*93
65 %
$6 preferred
Wilson-Jones
Jan
Motors—.———1
preferred
conv
Wilson & Co Inc__.
400
36
86%
*65%
6%
Wisconsin El Pow
20%
65%
12%
♦Bid
700
; *46%
34%
37/a
10%
Willys-Overland
121
49
13%
30
300
22%
110
*47%
35%
37/a
10,600
*99%
;
12%
*29%
G7/a
*10'/a
22%
34%
10%
1,500
75%
40
x20% Jan
-
12,300
6%
120
13
10%
5%
12%
*120
35
,
1,100
70
200
75%
12%
96
47/a
*12
35
96
237/a
*4%
10%
*93
48%
51
*23%
'
66%
*64%
27
*49
12
64
88
87%
66
*46%
51
*49
87%
*64%
47%
Dec
10% July 26
7 Va Oct
1
121
*99%
Feb
Jan
15 Va
22% Aug 11
*63
7'/a
22
120
*96
27%
69'/a
2
77
10%
217/o
*103
110
Dec
Dec
12% July
5
35%
120
17%
58 Va
5
8
*20%
*103
Jan
2% Jan
35%
*102
Apr
93
3% Jan
20%
110
Oct
50
13'A Jan
35%
120
108%
Dec
July
80
1
20
*102
42'A
White Rock Min Springs
_No par
White Sewing Mach Corp—
1
$4 conv preferred
-No par
Prior preferred
20
Wilcox Oil & Gas Co
—5
35%
*103
100% Jun
Jan
White Motor Co
20
35%
Jan
5,400
5%
*120
31%
3,400
67A
121
Mar
2,700
12
*75 %
10%
10'/a
*120
Dec
22
7%
5
77
32%
127
47/a
64
12
6%
Dec
Apr
19%
4%
*75 %
121
*19%
35%
64
12%
% Feb
83
4%
237/a
6%
19
Apr
Aug
6%
*4%
4%
May
19%
*23Va
*12
Tan
Oct
5
4%
7
■
8%
6%
23%
76
*120
20
66
3'/a Jan
30
19%
v
23%
4%
■
19 Va.
*4%
12
76
10%
*19%
35%
221/4
4%
6%
121
*64
4%
12
76%
*120
22%
'
7
*76
*120
4'/a
12
7
7%
*76
4%
4%
19%
Dec
23
25
u'lu
19'A
Feb
Jan
109
6
9
Jan
15
18
20
Feb
13 Va
Jan
104%
Apr
63 Va
Jan
113%
4 Va Mav
112% Jun 23
13
58% J an
par
—20
2
23 Va
24% May 29
15
52
85
5
10% Nov
24% Nov 20
22% Nov 30
100
$5 conv prior pref
White Dental Mfg
Nov
—100
preferred—
conv
22
No par
No par
Jan
Nov
Sep
97
3
37'/a Oct
7%
20 %
*71%
7% Aug
87% Oct 11
8
11% Jan
No par
preferred
Jan
22%
125
Oct
41 Va
preferred
41%
91
July
34
6%
7
*6%
125
Nov
3
15
May
59'/a May
14
22
91%
18
Jan
■
Oct
41%
125
14
Jan
1%
Aug 20
22%.
90
Jan
11%
99
42
*123%
Feb
85
*6%
91%
19
17% Jun
22
90%
Jun
4
20
U.
13'A
Nov
4
.<41%
124% 124%
Jan
4
7%
91%
39 %
8% Jan
22%
126
Oct
50 Va Jan
Corp
69
42'%
00%
Deo
24%
67% Jan
No par
*6%
*122%
8%
1
Indies Sugar
27%
6%
Apr
8
22%
*
29%
July 23
8% July
41%
7%
Nov
Feb
4'A
2
26
1
1
16
1
12% Jan
11
par
Nov
% May
July 6
15% July 15
32% Apr 21
par
—No
6
2% Mar 29
56
—No
22% Oct
Jun
3
West
520
3
7
Oct
5'A Nov
2%
May 29
Apr
2
106 7/a
27/o
20
16%
3%
26% July
15%
3
4
Jan
4l% Nov
Apr
137/a Mar
79% Nov
27%
26%
26%
% Jan
7% Jan
26
5
31 Va
>
21
106%
107
107
26%
13
27
Jan
120
116'A
5
54% Oct
Highest
t per share
West Penn Electric class A—No
par
1% preferred
-100
80
310
83
4 Va Jan
t per share
18% May 25
9% Jun
5
$4 conv preferred
20,200
84%
91
2
12
——5
Webster Eisenlohr
Wesson Oil & Snowdrift.
100
15%'
84'/a
92
108
26%
3
1,100
84%
15%
*106%
26%
Xl5%
3,300
91 Va
115%
*15%
108
*75%
16%
4
4% Jan
Wayne Pump Co—
600
6%
15% Jan
50
Waukesha Motor Co
22%
38% Jan
...
Warren
23
J per share
par
—
400
6%
22%.
Year 1042
Lowest
—No par
preferred
Baking Co cl A
500
92
81
—No
14%
77
15 Va
& W-
20%
84 Va
82%
115%
*75%
16%
G
Fdy & Pipe
Washington Gas Lt Co—
*14
6%
22%
(Hiram)
Div redeem
600
25
23
6%
22 Va
91
3
25%
14
*22%
*24%
21
14
84
2%
par
**.No
1%
91
15 %
3
—No
Ward
1%
92%.
151/a
3
Walworth Co
7
7%
85
83
116%
26%
4,900
7
7%
77
77
115%
107
26%
17%
7
7%
'
15%
*106'A
*16%
# per share
Walker
7%
6%
116%
*15%
17%
Range Since January 1
Lowest
Highest
2,200
6V0
23
*22'/a
15
92
*81
49%
*16%
*20%
22%
6
'
78%
14%
49%
8%
*24
14%
22%
6
231/2
49%
6%
10%
20%
*14
22%
6
*22%
49%
Range for Previous
STOCK
EXCHANGE
Par
17 Va
*44
25
20%
14%
22%
6%
10%
NEW YORK
Shares
*1%
43%
10%
*24
21
14
$ per share
6%
1%
43%
10%
25
*20%
15
*221/2
43
10%
*24
20%
1%"
1%
42
10%
25
for
the Week
*7%
8
1%
43
10/a
"24
*16%
Dec. 3
$ per share
49%
Sales
Friday
Dec. 'i
$ per share
48 %
*17%
*1%
STOCKS
Thursday
Dec. L
share
per
PRICES
Wednesday
averages of representative stocks and bonds listed
on
the New York Stock Exchange as compiled by Dow, Jones & Co.
Stocks
„—
-Bonds—
■
10
30
20
IB
Indus¬
trials
Date
Rail¬
roads
ties
Utili¬
10
Total
10
First
Second
10
65
Indus¬
Grade
Grade
Utili¬
Stocks
trials
Rails
Rails
ties
Total
40
Bonds
November
27
131.25
31.88
20.70
45.20
November
106.84
101.03
64.15
29
110.34
95.59
129.95
31.71
20.71
44.85
106.86
100.81
November
63.69
110.27
30
95.41
129.57
31.50
20.83
December
44,72
106.79
100.75
63.55
1
110.26
95.34
130.68
31.91
21.10
45.17
December
106.79
100.71
64.33
110.24
2
131.67
32.16
21.12
45.48
December
106.91
100.93
65.00
110.23
3
95.77
131.91
32.24
21.26
45.59
106.88
100.91
65.15
110.23
95.79
,
95.52
T
>2272
THE COMMERCIAL &
FINANCIAL CHRONICLE
Monday, December 6, 1943
I""-
;'v
i
:
Bond Hecord«» New ferk Stock';Exchange-'
;WiEEKI^^^:;:.:YEARLY,
NOTICE—Prices
"and interest"—except for Income and defaulted* bonds. Cash and deferred delivery .sales are disregarded in the week's range, unless they are the only transactions of
weekly range are shown in a footnote in the week in which they occur, No account is taken of such sales in computing the range for the year. : ,vV/
are
and when outside of the regular
the week,
the column headed "Interest Period" indicate in each case
The italic letters in
,
Interest
New York Stock Exchange
,
Period
3
Dec.
Week Ended
Low
(J. S. Government
"Bonds
Range Since
Sold
January J
Low
No.
High
■
\
'
,
BONDS
Friday
Week's "Range
Last
" or Friday's
gale Price Bid & Asked
BONDS
V
the mo'hth when the bonds mature.
/'
Chile (Rep)
High
(Continued)
—.
Treasury 4 V*a—....—
1947
Treasury 4s.
———1944 -1954
Treasury 3%s__^—
...—-1946 1956
Tree. *ry 3 V* s——....1944 1946
...1946 1949
Trea sury 3l/«s
1949 1952
Treasury 3 V#s,....1946 1948
1reasury 3s__
.__-_—1951 1955
Treasury 3s;~,
__.__.1955 1960
Treasury 2%s.
Treasury. 23/4S—__.
—>1945 1947
Treasury 2 % Si».-^—>—-u-—1948 1951
Treasury 2%s—
.1951 1954
Treasury 2 %
1966 1959
Treasury 2%
«./,—i.**-1958 1963
Treasury 23As—w-——1960 1965
1945
Treasury; 2 %s—
1948
Treasury 2 '/as—
Treasury 2 % S--~—_——-1949 1953
Treasury 2 ¥2s_.——_._..1950 1952
Treasury 2 % s._—u___—.___1952 1954
Treasury 2 Vis.1956 1958
Treasury 2 Vis ___
——1962 1967
"Treasury 2Vis
1963 -1968
Treasury 2 Vis—June 1964 1969
Treasury .2 Vis
Dec, 1964 -1969
Treasury 2 l/2s.——__^__.1967 •1972
Treasury 2 ¥4S_.____.———^1951 •1953
Treasury 2 Vis
___._1952 -1955
Treasury 2 Vis
L
1954 •1956
.1947
Treasury 2s_._—
Treasury 2s—
Mar 1948 •1950
..
:
2s—-T—-Dee 1948' ■1950
Jun 1949' ■1951
2s
.-Sep 1949- •1951
Treasury 2s_
Dec 1949- •1951
Treasury 2s.......March 1950' •1952
Treasury
Sept 1950- .1952
Treasury 2s
.—-1951- •1953
t reasury 2s—
lw*.1951- 1955
.Treasury :2s-_—
—..1953- 1955
Treasury 1%'s——-June 15 1948
Federal Farm Mortgage Corp-^
3%s
—:———1944- 1964
Treasury
2s^__
Treasury
Treasury
,
-
A-0
/
J-D
112.8
*112.6
—
112.18
114,1.
103.21
*103.15 103.17
•/:._
AExternal
106.3
.
;/'
,
3s
MS
2.J
,
TiOl.l
/■_.
A-O
101*7/ 103.3*"
101.3
*105.24 105.26
j-d
j-d
_J
:
m-s
A Sinking
*105.14 105.16
110.6
111.28 :
109.9
112.23
103.18
104.26 *
111.5
*111.20111.22
m-s
m-s
10
103.19 103.19
*106.28 106.30
j-d
108.10
109.7
109.11
*111.10111.12
j-d
*111.3
108.21
j-d
*111.16 111.18
A
10815 111,26
m-s
__
'
j-d
j-d
*106.18 106.20
.
MS
:
t
„
:
103.24 ,104.20
100
f'»
m-s
j-d
—
'
j-d
12
100.6
•
102.13
106.23
107.8
:
j-d
*101.7
>
100.3
__
;
(
101.2
100.15
100.30
m-n
100.9
100.12 ,100.29
1952
"A—w————..1944T%s series M...
19453s series
Issue—
18
17%
1980
wks
5%S:
:
(Rep of) 8s
ser
lst
series—
—
107'/a
a 7s
AGtd
fund 6s
sink
Akershus
1948
A-O
A Ex terna l
A Sec
A 68
external
Soutft
:*
.
/:
lo%
24
15 Va
15%
23%
1957
A-0
is ye
is y4
■7
10;
23%
A-0
is y8
38 y4
8
57%
57%
.2
S f ext)
(Commonw'lth)
100
99% 100
24
m-n
94
93%
94
46
84%
External
of
5s
1927
f-A :
84%
84%
84%
66
78 y«
1972
:s
A-o:
84%
84%
84%
15
92 y8
92%
93 %
26
82
m-s
91
91
92
28
83%
—1956
f 6s.
-
External s f 7s
m-n
,—1949
M-S
~_1955
external 6V2S
External
j-j
88
88
100 Vs
1955
j-d
j-d
52
A-0
49
—
,.
(Central
A7s
-
Ry)
(City) s f 5s—
Brisbane
.„__J952
-—1957
1958
2950
—
(Sinking fund gold 5s
Sinking fund gold 6s
Buenos Aires
A 6s
•
s
Refunding
f 4y8-4%s
;
—-1
External read) 4^-4%su.u-«
.1976
s f 4V^-4%s-^--I—*1975
A-0
48%
51 y2
49%
*91
F-A
*91%
—I960
—1061
——
30-year 3s_„—
94%
m-8
77
F-A
77
r' r
1967
I
3s
_1968
104 y4
;-j
101 y2
m-n
101%
3s
Jan
15
1953
15
1958
1948
.1954
s
V7s assented-.
AExternal sinking fund 6s„
a 6s
assented
.
Abs
A 6s
Pnr
6s
s
f 6s__
301%
1
101%
m-n
A-O
1981
1961
j-j
-
1
181/4
24%
20%
1
20%
26
18%
20
20%
1
18
,
19%
19
20%
20%
1
19%
20
o^e
Sep 1961
Sep .1961
18
.
19%
'
1
'
•
58
-V:/ /
.12%
18%
.
12%
11%
17%
14
'.'V-
:
13%
12%
9
35
16%
■
9
12%
J'■
'v
98
19%
333/g
31%
1
229
/
180
33 %
13%
'
'
33 ¥2
18%
33%
90
2
89 ¥2
93
84
2
84
85
94%
82%
95
i
/
: 93
94%
21
•;
96%
:
803/4
.
90
89%
89
'90
2
94%
71
87%: (
72
'
90
..'
ft
773/4
11
97
88%
/,
!
98V4
.15
94%
.
95%
101%
1
S6®/8
94
.*87
:
«2%
100%
■
98
98
.
14
•
90'
.
19%"
38
13 Va
20%
19%
1
20%
25%
20
13%
25 y2
*105
M-S
v'
M-S
.;
18%'
12%
A-O
*13 ~
12
*12
•:..v 14.
J-J
1966
J-J
14
20%
.
12%
7
12%
17%
38
34%
26
17%
~2
90% 102%
74
18%
37%
16 ¥4
32%
77
20
40%
69
17
66
18
35
%
54
r
35%
30
102%
102
102%
'
17
11
*42
s
.
1
14
/■:'
17%
38
; 33
M-N
F-A
;
:
12%
,
37
J-D
u54
,
•
A-0
35%
35
37
—1953
F-A
31
20
30%
1946
A-0
39%
38%
40%
J-D
30
29%
31%
M-N
33%
33%
35
J-D
33%
33%
35
\
14
17%
35
M-S
82
82
83%.
54
73%
83% /
37%
municipal
(City of)
8s_
1921—.—
of 1926—1960
loan
.——..1967
s
f
dollar loan
,
:
37%
20
18%"
32
41
nv4
40%
17
32.
52%
39
40%
11
32
4« "p:
33%
35
29
29%
48
J-J
29%
32
18
28
A-0
55
65
CO
55
34 V*
M-S
1958
.1968
...
33%
30%
40
J-J
.....
.
'
39%
M-N
J-J
....—1950
7s
;
M-N
1957
—.1936
8s__.
external..--.—.
f
166
(State of)—
(State),
s
;
f
23
12
36
J-J
1952
13%
i
'
13
23
*21%
A-O
:
23%
•
1.2%
.
A-O
1968
.1947
24 y8
23%
13
*4%
A-0:
1961
34''
-14%
-12%
257
.146
—1947
f 7s.
s
26
18%
18%
'»
-l
104
.14%
37.
89% ;;
92.
104
19%.
19
'
.73../
L
17
...
70
5.
17%
18%
/
3
-.
33%
32
32%
M-S
J-D i
gold 6s—:
<71
7?%
89
sink fund gold.—.1968
secured
.—1940
39
"33
■,
1
■46%
;
72%: •:'
Silesia
A 4 %s
(Prov
AUrugunv
m
33%"
M-N
13 Vs.
M-N
sec
extl
LI962
d()
extl
7s—.1958
J-D
__1958
J-D
1955
F-A
—1948
F-A
assented
Sydney (Citv*
.
f 5%s
;
(Republic) extl 8s
'
14
10
8
14%
*4%
94%
20 V
11,
3.4%
94%
f..- 8;
14%
*9 ¥4
19%
,11%.. 14%
11
13%,
95
85.'
.3
*88
84 '
AExternal sink
fund 6s
..—I960
M-N
88
fund 6s
.1964
M-N
*87
■
87
...
•
78
88
85%
88
AExternal sink
88
64
72%
3%s-4-,4%s ($' bonds of 1937)—
:
External
External
readjustment
conversion
A
'•
*
ILL—
1959
67%
68%
.
.
49
M-N
*57
65
63%
J-D
*57..,
6Ta,,..
60
P*
F-A
L..1979
fiktl conv
.—1978
4-4Vi-4%s extl readjustment.
3978
3%s extl readjustment
1984
Warsaw (City) external 7s
1958
*:!«««.••
C7%
M-N
^.—1979
■3%-4%-4.-ft
25%
•
■
(Kingdom)—
external.....—1962
A7s series B
A
26%'
19%
19%
A8f
2^%
20%
—
v? 10
•:
23%
82 %;
.
20%
15%
■
18% • 25%
20% •' 21,18%. 25%
19%'
m-s
m-s
19%
67
20%
.
.
11
*100 ¥2
A-0
6 %s_.
5 A Secured
25%
19%
5
4
;_1946
Janeiro
sec
A 68 extl
100% 105%
21
j-j
assented.
see
19
F-A
F-A
;
r,
/V: 4 "
90
98
1961
Serbs Croats & Slovenes
97%- ■104%
18
20%
A-O
1961
Jan
sinkine fund 6s_„
frnt.nntes
103
\
97
.-
93
1960
A7s extl water loan
100%
303% 103%
20%
19%
A8s
,
103%
21
1960
111%
18
102
!
70
85
84
f 6s 2d ser
s
A6%s evt) secured
107%
m-n
___Jan
assented
de
lASan Paulo
104%
j-j
1961
107%
97%
.1942
Feb
5
101%
j-j
..Feb
assented
external
A Extl
-.
sinking fund
48 y2
12
1960
f is,
8
14
*■.
r
■'
32
M-N
Banta Fe externaj sink fund 4s_...1964
ASao Paulo (City of Brazil) 8s.... 1952
80%
60%
•
V 39
.1942
,T
External
109%
I
(19
:104 >/4 105 V'4
'
fCltv) Rs
A7s
79%
71%
56
,
—
f 6s 1st ser
s
(Rep At)
a 6s external
78
70
16
■
:
33 ¥4
J-D
external 7s._.._..1959
A8s extl loan of
100
103% 103%
J-J
ACv
97
69%
79%
24
85
62%
*
,M-N
to.——1994
ext
Rio Grande do Sul
78 y2
77%
A-1963
Alegre (City of) 8s
A Extl
94
87
,301% 102%
101% 102 y4
,
j-j
J an
aba
83
a Rio
53%
68%
78
ser
AExternal loan 7%s
95 y8
48
78%
109
j-j
3s
A Extl
34%
78
76%
f 5»
APrague (City of Greater) 7%s
Queensland u8tatei extl 6s.
51%
92%
50%
>; 56
A-0
15
(Rep)
34
1
78
'
'
113/»
*18%
V
A-0
AExternal sink fund gold 8s—.1950
A4%s assented.....;
........1963
52
100
76%
A-0
Jan
ACarlsbad
34
14
(Rep of)
A Porto
56
87
95%
100
MS
2«/aS
A Chile
101
95
j-d
j-j
external s f $ bonds.1984
Canada ^(Dom of) 30-yi 4s„
*
100
104
j
23%:
12
18
'T'.%
;
F-A
..1940
A4V2S assented——1958
100%
92%
,1
68 ¥4
1
<
18%
3.6%
M-S
sec
lAPoland
91
96%
124
\
m-s
...3 ty
.
51
15%
12
93
:
V.
—
A-0
1955
A4%r assented
98
53
s
AStabillzHtion loan
97
46 y4
extl
94%
96%
51%
t
...
•
,."3
;//
11%
F-A
1944
assented 5s_—...1963
94%
79
36%
(Repi
:
8
110
■
£6¥8
18 ¥4
F-A
_!958
....
6s_
-
3
;
53%
50
-47
m-n
25-Mr, 3 y4s.
5s
A 7s external loan
,—1961
.—1977
f 4 ¥4-4 'Vs
s
f
s
A Nat Loan extl
85%
79
*100%
j-d
-External
30-year
::
102
r
193/s
19
80
91
M-N
1957
.......
ANat loan extl
(Province of)—
stamped—
External
89%
100 y8 100 %
*100
lABrazil (U S of) external 8s—_1941
-AExternal s f 6M1S of 1926——1957
A External s i 6V2s of 1927——1957
—
10t%
j-j
;
V- "''
,; r' *13%,
,
J-D
.1952
vet 3%s serles B—
1967
APernambuco (State of) 7s
.—1947
85%
"External g 4>/is of 1928
Belgium
Ext
94
5s of '25-1G53
—-1957
"
99
100
97
(State)-i-
Stamp- mod 3 V4s
•
APeru
m-n
1972
81
-89%
'• 1
.
M-S
1959
7s
f 5s
A Stamped
59%
—1971
loan 4s Feb—
conv
89
-
'
M-S
-.1958
(City) sink fund 4%s—
APanama
23%
yisfv-
—-T948
loan 4 Vis
S f extl conv loan 4s Apr—:
Australia
i,
Oslo
24
1
conv
4m'-'
24
16
10
f
»
18%
'
A-O
18 y4
It-external 4 Mis
•'*
1.
96%
J-D
181/4
S
1
_1965
18 V*
•S
•' :
'
1
99
.
19%
J-J
4y4s_.
18
Argentine
'
18 '4
•
J-J
fund
13
57 y2
;
'{
88%
•72
-
28
80
J-D
sink
18 y4
j-d i
86Vh
'
72
iJ*--
?
M-N
..1959
external
17%
(City) external 5s
-1958
(National Government)—
88
■
99
;
A-O
sink fund extl loan—......1963
Municipal Bank extl 8 f 5s
—1970
:%•
5
*
4 r>
*17%
72
"l
86%
V;./'/-,--
M-N
5
54
73
*100%
/v
18%
—.1956
A-0
A Antwerp
i'
.
19%
4%s_.
A External sec s f 7s 3rd series—1957
,
'
-
;
A-0
fund
j-j
External sec s f 7s 2d series
'87% J
'
—
sink
-—1957
A
69%
74
'
External
17 y2
j-j
2
28
J-D
55
j-j
—1945
85%
*85"
T
M-S
4s
f 7s series C
'67% ■"!
45
.
f 6%s
s
(City)
Wales
s
External
f 7s
42%
86%
J-J
44
62%
f 7s series D —«—1945
series
:
A
series
24
s
1st
6V2s..__
4s readjusted
iStatei—
A Montevideo
54%
s
23
■
47%
:
i
86%
.
5
15%
s
67 y8
I8V2
62%
A External
14-
18 ¥2
~9
A External
28
*17%
is y»
A External
72
.: ,* 17¥2
1-1693
—
tl
60.%
70%
Q-J
17%
54
*63 y8
38% '61
30%
Q-J
1945
f 7s series B
s
A-0
MS
/
139 ■■■'/•
106%
60
extl 5s of 1899 £—1945
(US)
17%
4s_—-1968
<Dept) coll 7s A——1945
s
'
M-S
5
54
104% '107%
.
*85
A-0
Irriga tion—
stamped assented....—.1943
j-j
(King of Norway)
AAntioquia
54
i
99 y4
85%
MS
91
Norway
F -A
..J
102%
103%
66%
—
External
1947
'
101 «/a
71
..1964
;ASec external is f 6%s.
(Colombia)—
fund 6s—-.
00
.
70.
J-D
Municipal
&
Mtge Bank
•/
102%
72%
2
139
'
J-D
External
Govt,
139
F-A
1954
(Colomblat
iProv)
Minus Ueraes
Teletype
58
19
102%
—1945
ting 5s of 1899
A Assenting 4s of 1904__—
1954
-AAssentlng 4s oi 1910
-.1945
SATreasury 6s of 1913 assent—1933
NY
39
41-
99%
1
A Assen
Exchange
-60
100
106
139
..1954
Mendoza
New
sink
2
A-0
A4%s
Broadway, New York
40
■
14
*103
A-0
pari 4>aid—....
A Mexico
Wertheim & Go.
ittfrigb
54%
38
■38
Greek Government—
•
Foreign Securities
"2
;
•
21%
98
A-0
—
1103/4
103J/4
■
103% 103%
99
A-0
100.10
37
30%
*102%
j-j
^_1969-
100.10
148
57
»58%
7s....—1967
?
-
F-A
,
j
64
48%
-34%
1•
_
*58 y8
101.4
Mexican
AGtd
25%
64
;
52
38%
*100 A
j-j
Finlanp iRepublic» extl 6s.,
—1945.
French Republic 7s stamped——.1949
7s unstamped—..
1949
108
•
V
•
19%
v
.
A-0
102.27
107
'52
•;
'54
•
54%
i.\~
m-n
m-s
AMedellin
Agricultural
.■(
30%
■'.;■/?' 56%
—
m-n
l^.—..1969
^
(Republic of)
'6
'
'10
341/2 34%
34% .34%
A-0
101.5
*101.2
j-d
44%
j-d
101.1
5%s 2d series
•
!
120
23
18
61
1945
A Estonia
j-d
Member9 Alew York Stock
22%
3,
*34
-
__
part
paid
......1968
(Republic) s f 6s series A
1952
Helsingfors (City) extl 6yas
.—I960
Irish Free State pxtl-s.f 5s
1960
AJueoxiavi8 (State Mtge Bk) 7s.._ 1957
2-2300
24 y8
16
•
6i%
A.1951
100.25
*101
341/2- -'
'
—'
A68
Telephone
23'/a
17%
'
59%
42%
42%
m-n
—.1953
Haiti
REctor
;
59%
F-A
-„1977
102.28
m-n
i J-V
F-A
debt_^..._._
100.25
:
101:4
J-D
24 Va
17%
b.'I;
18%
,
j-j
8 A 2d series sink fund 5% s_1.—1940
Customs Admin 5%s 2d series
1961
-
"
Corporate Stock
3%
24%
17
3
10:
*23%.,— /.,
A-0
•
101.12
-
Unification
Transit
18
City
York
New
1947
19%
;
'Uf
18%
j-d
1901
101.11
*101.3
__
18/
17%
.
j-d
external
APublic
103.16
100.9
*100;23 100.25
:
m-s
1961
__Jan
f $
s
External gold -5 y2s_i,
...t.1955
External gold 4%s_.i.—^.......1962
8 A Dominican. Rep Cust Ad 5y2R—1942fAlst sehes ,5 y2s of 1926——.1940
:
103 16
-
101.8
1927„—
5%s
Jh-S
24 y4
19
18
.•
M-s
•
ASinking fund 8s series B
19521
8 A Denmark 20-year extl 6s__.—.1942.
101.4
100.2
1928
of
A Czechoslovakia
100.26
100.9
100.8
*101.6
__
104.20
100.23
el04 29 104.29
•
24%
17
/
Sinking fund 5%s
100.28
100.4
> 100.6
•__
.
19
"7/
20%
18
24%
'17/
18.
18
m-n
;
4 l/2s
104.20
101.3
-
j-d
"20%
;
17%
,
External 5s of 1914 series A
t>/1949.
External loan -4%s_—...—.-^1949
«■
100.26
100.14 100.16
j-d
18
A-O
.
100.14
-
*100.23 100.25
'
M-S
■:
A-0
•
101.9
*101.1
■
MS
19
15
Cj:~8
m-n
bonds.J..—^1970
loTi" 102/7**
101.30
*101.11 101.13
__
105.7
104.10
*104.15 104.17
__
j-j
•
100.10 101.4101.25
*101.28
:
m-s
19%
18:
18
A-0
Mtge. Bank 6 yas_^-_..i947
A Sinking fund 7s of 192ZL.
L.1946
ASinking fund 7s ol l927—__„1947
Copenhagen (City) 5s
i.—.1952
25-year gold 4%s—.
—1953
ACosta Rica (Rep-of)-7s..".——1951Cuba (Republic of) 5s of'T904_.4i:1944
•
104.30
*104.8
__
j-d
.
a-o
A Colombia
v
.
100.22
100
41
of
A 6s
3b external
i
100.21
100
1
T
*106.30 107
•
V_.
m-3
j-d
100
i
104
101
100.2'
*101.19101.21
j-d
(Republic of)-—
25
19
18%
j-d
•
Colombia
Abs
i?105;3l 106.1
__
'
j-j
m-s
100.10
100.4
100
100.3
100:10 100.15
100.10
;
—..^..1960
25%
19%
18%
18%
j-d
(Hukuang.Ry) 6s—......1981.
107.6
104
1
*100.14 100.16
*100.2
j-d
j-d
..I960.
AChinese
.
106.20 107.23
*103.11 103.13
.
j-d
106
107.11
*103.21 103.23
/ ;; ...V
j-d
>
A7s assented.^—
•
*107.9
__
I
m-s
...
108.26 112.20,
*106.16 106.18
h
m-s
■/
111.29
Chilean. Cons Munic 7s—
18%
19
19%
j-d
fund 6%s—
:
26
18%
19*
25%
20%
'
j-d
26
18%:
*103.21 103.23
v
m-s
111.5
■■•
■t
High
19%
20%: 20%
/
m-n
1957
1957.
—
107.3/, 107.10 ;
*109.5
__
;
Home Owners' Loan Corp—
.
19%
m-n
.—.^.1963
u-1961
■■■■■,-. A6%s assented
——.1961
A Guaranteed, sink fund 6s—.1961
;
A6s assented
..396T
AQua.ranteed sink fund 6s
.1962
A 6s- assented—>
—.—1962
105.15 100
*111.3
__
m-s
A 6s assented—...
110.27
110.13
Low
20%
a-0
-.1963
A Chile Mortgage Bank, 6 Vas—
;. A0%s assented—..
105.24 106.30
.
110.9
*110.7
•
January 1
No.:
a-0
1962
AExternal sinking fund 6s
•*106.20106.22
J-D
1944- 1949
—
1962,
Range Since
Sold
High
>,
"
t
..
'■
sinking fund 6s.
Abs assented—:
Bonds
Sale Price Bid & Asked
k
-1952
Week's Range
or Friday's
Last:
Period
;
"
•*
Friday
Interest
New York-Stock ExchangeWeek Ended Dec. 8
.
/
'
•70
70%.»,,'i
66
72%
,
*61%
J-J
*4%
F-A
10
••
2273.
fi
-10
•
62%,
20:
10
•
(
9
69
52%
P*
31
10
13
•
13%
/'
1
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4235
Volume 158-
New
Ended
Week
3
Dec.
Last
Interest
York
1947
63
*102%
F-A
4s
1907———
series
__1943
B_,—
;
with
6s
1st
Power
-
mtge
<;
;
5s
modified^,—
A 5s
62
A-0
;A-O
101
A-0
;//
92 Va
'921/8
1950
A-0
./••;■■ 88 /
87%
Am
v
&
-
:
V
—
J-D
F-A
Alst
0
v67
'
'
60%
95%
;
53%
94
L.': ''
62
1
Nov
:
5s
/
69%
103%
4s
106
debentures—.
14
104
107%
110
23%
13
10
6%
A-O
13
12%
13
42
6%
3 Vis debentures—
3s conv debentures-,—.
Amer
Tobacco Co
,-1966
AAnglorChilean Nitrate deb-_j
1967
Arbor 1st gold 4s_————.-^1995
sink
1st
fund 4s
5s 1964
-1955
7s income
i
debentures
■
Conv
gold 4s of
1960 ;
—;
1st gold 5s———1946
Knox & Nor
1944
A L 1st 4%s A—
At! & Charl
v
106
105
105
Central
105
RR
gold
&
5s__—
102%
F-A
89%
107%
J-D
68.;/'
; ; 67%
88%
.<
87 %
63
.50
P 34%
.35
•■*28
35
32
•;/ 32
.,105% 105,1
/
38%
25
37
16 Va
29
17
106%
98%
100
132%
M-N
105
F-A
106%
,1946
100
67%
1st
RR—
75
69%
>
i 67%
69%
(int at 1% to
——1995
Ref & gen ser A
Dec
1
V 18%
v;
gen
72 V2
71%
.
5
;37%,'
Pgh L E & W Va System—
'
Ref gold 4s extended to
Dlv 1st M (int at 3%%
-
J-D
42%
M-a
/
37% /.
4iy8
166,
42%.%,
37
,
37%
inc
101% 101%
19
—
—
97
54
107
83%
81%
83%
F-A
89%
88%
90
54
46
143
J-J
,1997
(conv)
Af-S
37 y4
36%
37%
134
SrA
27%
26%
277/s
245
-
43%
46
64 y8
J-J
52%.
52
53
to
1
Jan
1947)
J-J
due————1950
A——1—1959
Toledo Cin Div ref 4s
:
Bangor & Aroostook RR— /./■-'
Con ref 4s_
—.——
53
52%
53
,
•Pp
f
J-J
1951
1951
Battle Creek & Sturgis 1st gtd 3s__1989
Beech Creek Extension 1st 3%s.—1951
Bell Telep of Pa 5s series B—1948
1st & ref 5s series C——
1960
Beneficial Indus Loan 2%s—
-1950
2%s debentures
—1956
Beth Steel 3%s conv debs—
—1952
Consol mtge 3 Vis series F
—1959
Consol mtge 3s series G_——I960
1st
M
10
31%
53%
44%
14
29%
J-J
49%
9%
■
J-J
9
60
6%
15%
9%
/
8%
9%
25
6%
15%
86%
'
86%
— 6'
66%
93
303
43%
70%
42
40%
66%
228
44%
74
45
74
97
45%
73%
2,831
: 18%
44 Va
2,591
4%
16%
41
1st
lien
75 y2
65
67
J-J
67%
65%
F-A
42%
38 V2
A-O
13 %
11%
1987
registered—1987
M-N
————,1987
M-N
AGeneral
4s_,
J-J
/
.
5s
stpd Fed inc tax
&
ref
gold 5s
&
ref
4y2s stpd
Alst
ref
&
May 1 2037
—-——1949
C-
/'
f
-
""*93 ■
1
25%
'
»
V.,-
— 4.
M-N
:>/
50 Va
f-a
;
39
w:
Af-N
f-a
-
■/''
•
1945
Af-N
/
1947
Af-N
:
105%
102Va
f-a
I
108%.
•
s,?■ '"M
'
103
•
94
-
92%
80
,
>
:152
„'y.'
1
-
3yas
/■
:
108
■
107% 108
.
104%;
"*
'
-
95
11
-r:
y
•
•
95%
36
16
111% 111%
.103
-
109 Va
83%
•
96%
99
.
20
43 Va
105%
110
18%
20%
A-0
19
19 y4
A-0
92
92..;,
,—1955
J-J
68
.—I960
A-0
110%
86
,70
86
.
r
f
.11
88Va
::
Canada Southern
cons
gtd 5s A—1962
A-0
95
94%
22 y4
Guaranteed
gold 4yas
.—1957
gold 5s
i—„July 1969
gold 5s—
—_Oct 1969
Guaranteed gold 5s__—1970
J-J
107 Va
Guaranteed
J-J
58
J-D
115% 116 y4
Guaranteed
4%s__
J-J
118
118
Guaranteed
4y2S
A-0
116
116
gold
gold
Guaranteed gold
4%s
1955
i.j
;
„;_^1956
_195li
112
Canadian
Northern Ry deb 6 %s—1946
deb stk perpetual—
equipment trust ctfs
:
—_1944.
Coll trust gold 5s
.1954
J-D
F-A
J-J
103%
Collateral
M-S
100
For
.trust
footnotes
4VaS—-i960
see
page
2276.
-
4Va
798
57%
40%
13 %
70
59%
23
56 VA-
92%
67
10
75
>
J-J
4s_——,1952
J-J
.;'
—-1943
5s
Cm Chic & St
A-O
79
1st 4s.,—1—1991
107 y4
•■107
12-.v
•
113%
94 Va
97
49%'
46%.
50%" //'
48%/-/
49%
51
•'■•'/
i/
>..
*109% 110 V4
113
'/
9
.
88%
*87%
;
J-J
■
gtd
gtd
1948
——..1950
55%
111%
110%
112
108%
General 4yas series A———u,i_1977
Union
—1981
series B_
& ref 4'/aS
Short Line
—
110%
109%
/
113
71'
'
89%
-.85%
144
• 90%
46%
61
46
11
58%
'
■106% 107 Va
83%
65
101
26
M-N
3'/as
68
108%
78%
76
97
.
28%
/
*90%- 'i.- / ■'•»•'
53%
55 /
"53% 54%
:
41
28
106%
F-A
*108
F-A
109%
105
J-J
108
108
Pittsburgh RR—
3'Is
105 %
38
.17,.'
113
'•113
54%
M-N
C
105%
;105%
2
108% 108%
/*__
110%'
a;-n
F-A
:.1P90
1970
Series D
109%
h
100
15
50
J-D
J-J
Cleveland &
108
*106
.
106
J-J
106
1
105
106
1st gtd 4Va8.,—1961
A-O
95%
95
95%
14
71
,—1972
A-O
93%
91%
93%
48
75%'
.1973
—1977
A-O
85
83
85
A-0
75%
72%
75%
149
87
88
"54
Term
gtd 5%s_
s
f 5s series B gtd—
s
f 4'/2S series C
4s—n_1945^
Colo Fuel & Iron 5s inc
mtge—1970
,88
.
,
99
94
64ML" 86%
59k;',78%
103%'"104
J-D
A-O
80"'"
93%
96
1U% 118 7/a
.
11.'
37«
47%;
49%;: :r
J-D
Series
104%
■
J-D
1st coll tr gold 4s
56%
103% 104%
'"•103% 104%
•
1977
Wab ft M Div
62
.
55%
Louis Ry—
gold 4s
L Div
49
107%- 110%
103
104
,104
104%
75
18
109
109
J-J
M-S
71
62% '
5
_.//•,•
•
1963
—1963
deb 5s
53%
109
118%
Colorado
&
Southern Ry.—r
y
,
'
4V2S (stamped modified)
Columbia G & E deb 5s—
5s—\
—1980
Af-N
May 1952
*—;——1961
Af-N
J-J
49
47 Va
49
104
103 V* 104
103%
103 V4
103%
116
29
100
•46%
53%
92%
104 Va
88
103%
84%
.113%
118 y2
:f 8
113%
119%
Columbus & H V 1st extl gold 4s.,1948
A-O
*109%
i
111%
118
Columbus & Sou Ohio El 3y4s—. —1970
M-S
*107% 108%
108
111
111 % 111%
.J-A
Can Pac Ry 4%
5s
107
8%
89%
56%
88%
,:*
108%
:
,3,7
,115.%' 116 y4
7%
58 Va
75
ri77-i /
16
116% 117
58%
36%
20%
323
M-S
23%
*■
,.92
;
1„
95%
116%
36 Va
*71
—
Coal River Ry 1st gtd
J-J
National
70%
19
1,120
1
1st
Canadian
33%
74%
Cleveland Elec Ilium 3s___
11
14
109,.
33%
74%
1993
St
/,
,
46%
396
J-D
1st
109
,20
1st 5s—1960
——1993
Cleve
A-O
15
35
897/a
8 V4
F-A
Cin
81
11
,
55 Va/"
67
A-O
Gen
California-Oregon Power 4s_—1966
Af-N
General 5s series B__,...L_
50%
11%
1
■
68%/"
52%
54%
66%
:f8.
General
av:-
35%
86
,
67%
68%
Af-N
Cleve
v
F-A
——1957
Cleve
115 Va
109 -
•■
U-!
139
—1934
:
4
Ref & imnt 4y2s series E._
*'*
'.••s
41
42%
430
J-D
—1966
1st mtge 3%s_—,1967
Cin Union Term 1st gtd 3%s D_„1971
1st mtge gtd 3%s series E
1.1969
y-v.
Jf-N
10%
{AChoctaw Ok & Gulf cons 5s_.—^^,1952
105 Va
/
' 5
,
:/•
-
9%
Cincinnati Gas & Elec 3y4s.
/ 103 Va
'
•
•
.
ADebenture
'
1
10 Va
J-J
4%s series D——19b2
t AChilds Co
111
104 V4
V:
&'Tief
1st
,;"y
:
v
j-d
49%
49%
1951
Chic & West Indiana com
86%
23% v 46
7 '
■
23
1951
—a
-y. 1st
W'"
104% 105 Va
,
48%
22%
•71
J-D
Chicago1'Union Station—■',
mtge 3%s series E—
1st mtge 3yas series F_
'
101%
-
108%
".
104 y4 104%,
23 Va
52
42%
M-N
■
guaranteed 5s_—Dec 1 1960
deposit
Income
39%.; 58
•: .V.
9
*100% —
•-
104%
'I
108% 108%',
20
42%
J-D
'
v" 91
73%
..
/-•
-
31
•
43
41%
34
Chic T H & Southeastern
ji'/'
95
j-d
Af-N
i
49%/5i% //■
■•// 37% 39
//■'
42 Va
41%
Chicago St L & New Orleans 5s—,1951
'
102%
29
*
78
42%
36
103
64 %
60'/a
39%
105%
jJJJ.
v
-
33%
35%
18
42%
33%
100%
9
82 Va
33
59 Va
J-D
J-D
'
-'/i
94
63
J-D
A-O
Memphis Div 1st gold 4s_„
78
101
81%
60%
34
70
M-S
Gold
•
*89%
,
'•
33%
10
69%
,—.1952
,1960
105%
,
•
'—.J-
"•'•'I
58
*57 Va
70
60%
27
58%
59 Va
•-
31%
gold 4yas__;
61
32
58
.
*52
§ASecured 4Vis series A
60
60
33%
57%
56%
56%
deposit
of
101
8
■
32%
30%
gold 4s_.——1934
§ARefunding
AConv
Af-N
_i—1927
_1988
part paid—
ACertificates
98 Va
94
101
•'/. 101
"
103
.
56
57%
'
ACertificates of
*__
55%*
56%
M-N
1st 5s stpd
^Railways
103%
.104%
104
//////./v.
42%
13%
55%
M-N
—1987
1987
1936
May 1 2037
May 1 2037
103%
106
101% 102
t
104
4y2S
M-N
—
6%s—,,
5
*105% 106
101%
F- A
-64
,
M-N
,1,.
9
,
%
67%
56%
M-N
registered
JAChic R I & Pac Ry gen 4s
•
132 %
104 y4 104 %
:
M-N
1987
49
99% -100'/a
.—1952
gtd—...
67
AConv 4%s series A
75%
60
128%
Bush Terminal 1st 4s__——
Bush Term Bldgs 5s
59%
5
.129%. 130
JBurlington Cedar Rap & Nor
§ Alst & coll 5s—:
-j.—1.
ACertificates of deposit—
»
99 %
100% 100l/2
a-0
.1950
5s.;
J-J
Alst
J
3:
45%
*100% 100%
J-J
gold 5s—i—
1957
1st lien & ref 5s series B—
.1981
Buffalo Gen Elec 4%s B—
.1967
Buffalo Niag Elec 3%s series C
Buffalo Rochester & Pgh Ry—
Stamped
modified
(interest at
.—1957
3% to 1946) due——-—
Consolidated
68%
4s
104%
100%
1950
& ref 6s series A—-
61%
4
82%
104 %
.1966
Debenture
62
100,1
„;
M-N
1970
70
4
A-0
1955
1955
13
23
A-0
1961
3Vis.,——
1st gold 5s_
Bklyn Union Gas 1st cons gold
62
64%
A4y2S stamped—
~5
A-0
M-S
Bklyn Edison cons M
66%
59%
67%
AGen
'
J-D
1967
Bklyn Union El
63 Va
62
52%
46
—'/■/
98
98
^A
4%s series JJ,,-—.
'
58
47
43%
65%
37%
—100,1- 100,1
J-J
1960
1st gold
;
*48
A-O
j-d
series II——.,1:—-
5s
■—/
1944
Big Sandy 1st mtge 43
1—
Boston & Maine 1st 5s A C——
73
74
3-D
series H——1965
Consol mtge 3 %s
74
74%
73 y4
74
,
J-J
76%
48%
;v 4,7
43%
9
AStpd 4s n p Fed inc tax—,1987
AGen 4%s stpd Fed inc tax—1987
40%
14
38%
*
51
J-J
tSAChicago
stamped...
4s
H
52%
.
51%
104
47%
124%
*48
J-J
Alst
62%
,
32
66
17
J-J
24%
54
63%
M-N
92%
31 %
75%
74
11989
§ASecured
1951
84 Va
73%
*124
11989
1 1989
1 1989.,
32%
.
99 Va
65
118
44%
45%
Af-N
5s series A—
^Chicago & North Western Ry—
AGeneral gold 3Vis
57
32%
t
105
81/
/'"
1966
Alst & gen 6s series B
..May 1966
Chicago Ind & Sou 50-year 4s.,—,1956
& gen
102
100%
96%
97%' 102%
97%
F-A
J-J
'Alst
92%
102%
96%
J-J
52%
35%
,
88
31%
15%
11
103% 104
43%
f
..
.
120
543
103%
Af-S
^1977
,—1971
series A
5s
mtge
3V2S
S'west
/:P
32%
219.,
36% 38.,
115%
•
20
tChic Milw St Paul & Pac RR—
ser C
>
lit
137%
77%
60%
86;
■
108%
118%
101%
J-J
■
J-D
due.,
1946)
(Int at 1%%
to Dec 1 1946) due—
-—1995
Ref & gen ser D (int at 1% to
Sep 1 1946) due—
2000
Ref & gen ser P (int at 1% to
t
Sep 1 1946) due
P——1996
AConv due—r——-Feb 11960
Ref &
■
"
72%
102
93%
'
75%
59%
102% 108%
16
J-J
J-J
/
40
107
130%
72
II.
*119,%—
19%
74
•
}
102
32
J-J
AMtge gold 5s series A
,1975
AConv adjustment 5s_—-Jan 1 2000
A-O
72%
92'/a
106
106% 106%
*120;
J-3
A-O
■———a—/1958.
gold 3%s series B__May
4'/as series C—May
AGen 4'/2S series E——May
AGen 4%s series F——May
A-O
—July 1948
mtge gold 4s
Stamped modified bonds—
vi0*"
1st mtge gold
(int at 4% to
'./.v
Oct 1 1946) due
—July 1948
95
71%
65
AGen
162
55%
-
132% 134%
Af-N
:.-.p/
.■.
■
"71%
100%
105
,
J-J
J-J
B
Ohio
99%
11
121
94
AGen
&
34
J-J
gold 4s_——1989
cons
^Chicago Milwaukee & St Paul—
AGen 4s series A—.—.—May 11989
Baltimore
36
111
83
129
99
,65%
85%
20
107% 108%
*71%
/ / ARefunding 4s series C_, 1_;—^,1947
,45%
;
104
16%
93
A_,1947
/; ARefunding gold 5s series B_—,1947
73%
*88%
29%
10
88
23%
65%
M-S
{AChic Ind & Louisville ref 6s
p/100% 105%
5
1 104% 105%
M7S
y
1
/•:
26%
98%
Chicago Gt West 1st 4s series A—1988
AGen inc mtge 4y2S——^—2038
93%
:
{,74%
32%
88%
40%
25%
107 %
Chicago & Erie 1st gold Ss,,,^——1982
104 Va
'67%
'
ref
&
AGen
103%
115
69%
M-N
J-J
J-J
J-J
•./
18 Va
,
Af-S
1948
Chicago & Eastern 111 RR—
110
102%
2
142
90%
1st
108 •;>
102
102% 102%
' 89 7/a
;
1st
1st & ref A'/as series B
114%
.
5Vas A_„
General 4s
111%
104
.
243
Af-N
Chicago Burlington & Qulncy RR— / ;
/.Illinois division 3%6————1949
V/V3registered——.
___1949
Illinois Division 4s_
1949
r
4s registered, i.—
——1949
111%
.111%
*108
M-S
Oct 1952
Atlantic & Danville Ry 1st 4s__
1948
Second mortgage 4s———,1948
Atl Gulf & W I SS coll tr 5s
—.1959,
Atlantic Refining deb 3s
1953
105%
*102
66
28
f./ 1.
VP .95% 107%
-;p
112 Va
71
83
26
;
y
1
»
110%
82
*22%
.
105
112% 112%
27%
J-J
•
120%
*107
82
26%
; 2d consol gold 4s
—,,—,—1989
{AChicago & Alton RR ref 3s—„_1949
114%
2
10
-or.
112
J-J
J-J
_1960
Banking—.
Prod
R & A Div
107
■(><
V,P'/
•
37%
^_1987
—,T.
Potts Creek Br 1st 4s_——-
.'
107%
110 A 110%
J-J
coll gold 4s—
22
a?
20
A-O
-
Chesapeake & Ohio Ry—
General gold 4%s.
1992
Ref & impt mtge 3y2S D
1996
Ref & impt M 3yas series E—,—1996
•
;
1U8%
;
*110%
110%
J-J
series B
—1944
cons 4s„-„July 1952
General unified 4%s A———1964
N
74
111%
55
..
27
A-O
78%
•
103%
.
*—
F-A
103% 106%
55
119
119
J-D
■// J-J
1st 30-yeaf 5s
&
61
.
106'
Nov
M-N
J-D i
\; J-D
J-D
Atlantic Coast 1st
L
51 %
•
•
V—:••/-; 1G2
-
.
•:•/
105
,103% 104%
111% il2% /
119Va
A-O
1st 4s_^_,—1958
Trans-Con Short L
Atl
*102%
"1
20,
.
57%
1st ref gtd gold 4s_1949
98% 109%
/;.
•
35
J-J
iu—1987
registered
Guaranteed
•
—1955
1910,
74%.
.104
104 %
115%
Adjustment gold 4s_
-ji
—1995
Stamped 4s
-—1995
Conv gold 4s of 1909.—„—1955
of 1905—
68
74
74%
y
,
1
57%
A-O
-100%-105
•
''4
67%
Jan
Q-J
Af-3
P-A
104 y8
•■''
:
110
.110
J-J
——1995
4s._——
Conv 4s
■ s
(Del)_1957
C
34
103%
19%
*54%
——,1962
,107% 110%
107
117%
31
154
-
1121/2 115
102%
1978 ,/V A-0
series
Atchison Topeka & Santa Pe—
General
107% 108%
.
1
Ann
Ark & Memphis Ry Bdge & Term
Armour & Co (Del) 4s B——
107%
114 »/2
102%
M-S
A-O
•' M-N
1956
.1962
3s_.;
Wks & Elec 6s series A—1975
Wat
Am
deb
•1071/2 108%
19%
J-D
110%
-.107%
97
108'/8
A-0
J-D
50
37%
_1959
4s_,
Certain-teed
1961
—
91
37%
12%
§A5s stamped ————1942
3%s
57%
68%
35%
y Through Short L 1st gtd 4s,,_—1954
91%
78%
American Telephone & Telegraph Co.—
30%
4
—
U987
Central Pacific
13
:
5
87
A-O
registered
110
192
•
48
85
M-N
gold 5s,———_1946
105%
1
48,
87
—1959
gold 4s„1951
Central N Y Power 3%s
897/e
89%
1st
106
104%105
105% 106%
89%
\":LL
106%
60 Va
—1945
—
5'/2S series B-
*
102
*24
I
& gen
AGeneral
106% 1071/4
/
j-j
mtge 5s,
Central Illinois Light 3yaS———1968
JACent New Eng 1st gtd 4S_—_ 1961
JACentral of N J gen gold 5s
,_/1987
100%'
106%
Af-N
5VaS__ ...-1949
*65
/ /
*50%
99
45
-
1st gold 4s
P
U
AMobile Div
104% 104%
Af-S
conv
1948
1945
Branch
F-A
^Central of Georgia Ry—
AChatt Div pur money
v.5 104%
m-S
S'/aS..^., ..J..1949
Chem conv
Internat Corp
Am
;
deb 5s__— ..._2030
Foreign Pow
G
A-o r
F-A
Stores
Amer I
102 Va
/ ARef & gen 5s series C—
17
891%
Corp 4%s debs__ ....1951
AUis-Chaimers Mfg conv ls^— .—1952
Allied
105%
100%
101 %
70
'85
92%
& West 1st gtd 4s__ .___1998
Alleghany
102%
90%
991/2100%
107 Va
48
7
ARef
90
•
110%
101
20
§ A Consol gold 5s
90
100
107%
53 %
101%
90%
j-d
106%
101
110
93 Va
High
62
*106% 107 %
M-N
*
Low
54
100
104% 104%
105%
94%
99
109% 109 %
101%
107%
101%
1950
99
109%
No.
104%
■
t>2
90
Range Since
January 1
Sold
J-J
101%
*1021/4 1041/2
*107,
108%
1950
income...
Corp 5s w w
1st
102
.i90
—— ____1949
Adir
Ohio 4s
102
J-J
A-0
Bonds
High *
J-J
106
„
M-N
Friday's
or
•
ACent
103
103%
'
Week's Range
Last
Sale Price Bid & Asked
gtd gold 4s.
.—1981
Celanese Corp 3y2s debs—
19«2
Celotex Corp 3%s debs
i—.1955
104%
102
Alleghany Corp—
modified
Cart &
A-0
Albany & Susquehanna RR 3V2S—1946
3%s registered——.,,1946
5s
I
M-S
Carriers & Gen
90
1948
assented—,
warrants
..
J-J
71%
102
„
1041/2 1041/2
J-D
,
3%s ser A___.
intge
•
,
1965
76%
J-D
—1967
3l/aS——1972
Albany Perfor Wrap Pap 6s*...1948
1st
Alabama
i
.
1949
Clinch &
48%
63
104% 104%
104%
J-D
10-year deb 4Vis stamped—
1946
Ot Southern 1st cons A 5s—1943
cons
'
■
,
64%
J-D
J-D
Af-S
Ala
1st
Period
Low
>
Stamped
Coll trust 4s of
*
ISACarolina Central 1st gtd 4s
unstamped—;
A
series
3
High
.
.1953
1953
Adams Express coll tr gold 4s_—-1948
A
Dec,
Carolina
and Industrial Companies
JAbitibi Power & Paper—
8 A 5s
Friday
Interest
Exchange
Ended
Week
'
,
Low
Vo.
High
Stock
New York
Range Since
January 1
Sold
J
Low
Railroad
Bonds
Sale Price Bid & Asked
Period
,
BONDS
Week's Range
or Friday's
Friday
BONDS
Stock Exchange
i
RECORD
BOND
YORK
NEW
2273
3
noy8
114
Columbus & Tol
F-A
*113%
112%
112%
112
4
112
113%
-84%
-
112
,70
85
102 Va 102 V*
J-J
103% 104
99% 100,.
f
/
8
,
71%
102»/«
88%
105
Debenture
ACommercial
Income
4s——195^
Mackay Corp—
w
w_^_
—•
;:
Apr 11969
109
May
95% ,105%
1st
24
91
Conv
mtge 3%s series I—-——,1968
debs 3%si—
^—,-..1958
110 Va
109% 109%
J-D
J-J
112
112
109%
—
Commonwealth Edison Co—.
30
101%
deb
1st extl
114
18
4
3
54
110 Var
114
H '109% 111%
'; 108% 115%
2274
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, December 6, 1943
NEW YORK BOND RECORD
BONDS
New York
Week
Stock
Week's Range
or Friday's
Friday
Dec.
Last
Interest
Exchange
Ended
Period
3
Low
Conn Ry & L
Conn
&*ref
1st
River Power
Consolidated
4%s
1951
f 3%s A
s
3 Vis
Cigar
.—1961
f. debs_1953
s.
BONDS
Bonds
Sale Price Bid & Asked
J-J
V
—
Hiah
*113 >/8
No.
«
_*,
J-J
Low
3
3 Vis
Refunding 5s
40-year 4%s_*_**
102
3%s
debentures
3 %s
debentures-
A-O
101
101
101V2
30
100%
Consolidated Oil
104 Va
104
104%
24
104
107%
A-O
105%
104% 105%
14
104%
108%
———1958
1951
A
Debenture
4s
A Debenture
1954
J-J
4s
107
5
39
39 %
39
106
109%
33
105% 105%
105'/2
J-D
103%
105%
12
31%
51%
.
39
—1955
—
J-J
1956
1960
J-J
39
3
32
J-J
100
100 &
12
92
108
108%
9
108
109
109
Gold
110
f 5s
*1953
*__
5
39
1966
*_
33
3%s
M-N
M-N
1st
M-N
1st
—
—
110 Va
M-N
M-N
5Vis——1942
51 %
Joint
1st
ref
1st gold 4s
5s
series
High
56%
67%
F-A
46%
45%
■47%
201
42%
54%
94%
94%
1
85
94%
J-D
J-J
76
76
76
J-J
70%
70%
F-A
58
58
J-J
5
63%
78%
13
58
77
5
42
61
,
57%
57%
11
47%
60%
63%
63%
63%
16
48%
65
i2%
80
35%
253
47%
60
50%
146
43%
56%
95
"87%
—1951
F-A
J-D
55%
—1952
receipts
—
extended to
1946
A Deposit
receipts
—
—
A 6s series B extended to—1946
J-D
50%
—1963
receipts
3s deb——1955
Deposit
10
106 y8
Interlake Iron
4
108 Vi
101
103%
97%
97
42%
42%
4
34%
38%
13
*47
80
"76%
53 %
48%
Curtis Publishing Co
AAdjustment
40
A 1st
38
53%
30
27%
50
36
42
17
102%
101
47%
108 %
43
42%
44
63
247/a
52%
A-O
15%
14%
16
244
6%
24%
J-J
40%
39%
40%
37
23%
48 %
39%
40
52%
Int Telep
24%
108%
J-J
series A—July 1952
B__
105
99%
82
40
105
A-O
series
40 %
23
50%' 52%
*104% 105
78
106% 106 %
J-J
"7
MS
6s series A——*>*1955
Int Rys Cent Amer 1st 5s
1st lien & ref 6%s
39%
96 ya
106%
101%
102 %. 104
A-O
J-J
5s
Ref sink fund
48
26%
100% 101
104%
4
3
99
*108% 110 Z
—,1956
40%
15
2
101% 102
102% 102 3/4
40
MS
A 1st gold 5s series C_——i—.*—1956
Internat Hydro El deb 6s—
—1944
Internat Paper 5s series A & B_—1947
48 ya
39%
6s
Va
A-O
A-O
*97%
J-J
tAInter-Great Nor 1st 6s series A-1952
43%
36
*47
100%
A-O
98 Va
45
42
*34
J-D
93
27
50
36
J-J
.—1947
deb 4s
conv
32%
53%
41%
36
16
97%
*52
1st gold 4s_
111%
2
J-D
Iowa
112%
109%
J-J
&
109
i09.ya
111%
109
—
Deposit
series A
Ind 111
110
35%
receipts
ACuba RR 1st 5s gold——
A
Low
48
—1963
A
1950
tAInd & Louisville 1st gtd 4s
—1956
Indianapolis Union Ry 3%s ser B-1986
Inland Steel 1st mtge 3s series F
1961
Inspiration Cons Copper 4s—
1952
102% 103%
109%
J-D
Deposit
A
No.
111 Cent and Chic St L & N O—
5
110%
106'/a 107%
J-D
s
§ACuba Northern Ry 1st
A7 Vis
Bange Since
January 1
Sold
65%
J-J
34
110
—
A-O
A
High
Bonds
63%
J-J
Western Lines
51%
'
f debs
..1950
Crucible Steel 3Vis s f debs—1955
Co 2 Vis
Crane
Friday's
64%
—1951
1st & ref 4%s series C—
——1965
———1967
mtge 3 Vis
—
-1970
mtge 3 Vis———-1966
mtge 3 Vis———
——1969
mtge 3%s
1st mtge 3Vis—
1st
or
Power Co—
Consumers
1st
Week's Range
Last
Sale Price Bid & Asked
M-N
Springfield Div 1st gold 3%s—1951
103
4s—**,———■
Consolidation Coal s
106
J -J
deb 3%s
conv
tAConsol Ry non-conv deb
Period
gold 4s
!
1950
Litchfield Diy 1st gold 3s___
—1951.
Louisville Div & Term gold 3%s_1953
Omaha Div 1st gold 3s—
*1951
6t. Louis Div & Term gold 3s
1951
104%
A-O
—.,..1956
—
Interest
3
Cairo Bridge
1946
—
Friday
Exchange
Dec.
Illinois Central RR—(Continued)
111
—_1948
debentures
debentures——
Stock
Ended
Low
Consolidated Edison of New York—
3%s
York
Week
114
108%
100%
6
New
High
113%
—
1091/2110
101% 101%
F-A
Range Since
January 1
Sold
M-N
B—**—1972
78%
78 Va
78%
F-A
83%
83%
84
3
70
105%
104%
107%
3%
92
101%
"l
95%
102%
32
63%
80%
160
100% 100%
J-J
H-S
48%
38%
*95% 100
F-A
——.—1947
deb gold 4Vas*—1952
Debentures 5s.
r—
.—1955
♦ Alowa Cent Ry
1st & ref 4s
1951
& Teleg
23%
102%
66 Vi
85 Va
54
1%
6
D
Z" 7
Dayton P & L 1st mtge 3s—— 1970
Dayton Union Ry 3Vis series B_—1965
Delaware & Hudson 4s extended—1963
J-J
*103
105
M-N
75
74
76
219
74
80%
jjiADen & R G 1st cons gold 4s—z.1936
§AConsol gold 4Vis
■,
1936
J-J
42%
41%
43
225
2iya
49%
J-J V'Z1-'
43%
42%
43%
32
22 Vi
50 Vi
A
(subject to plan)
Assented
5s series B——1978
ARef & impt
—1935
*ADes M & Ft Dodge 4s ctfs—
—1947
JADes Plains Val 1st gtd 4Vis
1965
Detroit Edison 4s series F
1966
Gen & ref mtge 3Vis series G
ASecond
4Vis—..
Term & Tunnel
Detroit
Chemical deb 2Vis
Dow
.—
Ry 3Vis
Dul Miss & Iron Range
5%
5%
53
3%
3%
4%
199
3%
A-O
38
37%
38%
115
18 Va
J-J
1st M
18%
18%
M-S
A-O
*97
.;
J-D
J-D
J-D
6%
99%
103%
98%
99
A-O
34
85%
99%
9
23
23 %
109
;
109%
3
■
;
16
22 %
107%
*107'/a 108%
107
.1956
M-N
*109% 110%
103
.1995
J-J
*145
148
J-D
.1970
M-S
.1965
A-O
86
98%
61%
69%
.
69%
91
89
J-J
70 V'4
42
72%
73%
107% 108
72%
107%
83
69%
73'/a
36
105%
110%
111%
113
62%
*114'/a 120
75
*51
55
46
*89%
93%
85
1961
J-J
*94%
*_
93%
95
J-J
86
83
86
u*
1st
——
unguaranteed———;
ref
&
6%s
A-O
1959
*160%
J-J
106
J-J
—1954
——
86
MS
106
105
175%
106%
4%
108%
105'/«
108%
100%
104 %
1%
*103% 104
MS
93%
107
105% 105 Va
MS
•
170%
__
*109
61
4%
4%
151%
.1950
104
67%
110%
Fl 111 (NY) 1st cons gold 5s*
Auto-Lite 2Vis debs
68%
*98%
J-J
tAKreuger & Toll 5s ctfs
A-O
96%
68%
A-O
1st 4s
Koppers Co 1st mtge 3%s___——-1961
Kresge Foundation 3% notes
1950
.1948
67
94
*—,1961
Kings County El L & P 6s—*»*—1997
Kings Co Lighting 1st 5s——1954
111%
Ry Minn Nor Div 1st 4s__
East Tenn Va & Ga Div 1st 5s_
46%
22
J-J
4 y2s
33 %
39
J-J
J-J
Plain
102 »/a 103%
106% 109
—
32
95%
61
——1960
Kentucky Central gold 4s„**——*1987
Kentucky & Ind Term 4%s*„
1961
Stamped——***——***—1961
51
26
108% 108%
■
J-J
J-J
40
3
99
*101%
.
46
'Z.!.
Z
56%
95%
of: deposit—*———
Kansas City Southern Ry 1st 3s—*1950
Ref & impt 5s„
:—Apr 1950,
107 Va
27
A-O
Kansas City Term
112%
43%
56
93%
A-O
ACertificates
112%
109 Va
56
V
K
99
109 Vi
11
27
J-J
Kanawha & Mich 1st gtd gold 4s—1990
20%
10
*40
1961
|§AK C Ft S &-M Ry ref gold 4S.1936
110
110
J-D
*1959
12%
89
103% 104 %
'''''
'
Z-—
M-S
.—1962
"
104%
M-N
.—1950
'•1
'
1st 4s
Laughlin Steel 3%s
&
12%
'
—1965
3Vis
22
20
Jones
45
109% 110
z"Z-—
M-S
gold 5s. —1937
t§ADul Sou Shore & Atl
Duquesne Light
5%
4s1995
.—1961
108%
James Frankl & Clear
4
1970
1st lien gold
gold 4s*
104%
F-A
1995
& ref 3s series H
Gen
Detroit & Mackinac
:
F-A
5s„—Aug 1955
JADenv & R G W gen
104% 105%
J-D
East
Ed
Elec
Elgin Joliet & East Ry 3
El Paso & S W 1st 5s
5s
Vis
.1965
stamped.—
Empire Gas & Fuel 3 Vis——
J-J
79
*75
99%
99%
106
79%
5
100%
102
2
102%
106%
27
64
Laclede Gas
80
65
98
1st
M 4s series B
cons
Ohio
1st
Div
*
.1995
J- J
'
.2015
J- J
.1947
M-N
3Vis——
.1971
mtge
100%
100
M-S
59%
100 %
58%
100%
Z:92%
87
59%
150
106%
*103% 104 %
\
99
F-A
98 %
98%
98%
52
85%
5%s series D_,..*— .1960
F-A
98 %
98%
98%
63
85
.1947
to—
J-D
3%s
J-D
& Mich Sou gold 3%s„. .1997
registered-———„*—*_. .1997
Flintkote Co 3s debs
deb——1961
;_1958
____
M-N
101% 102
M-N
tAFlorida Cent & Peninsularj#s—1943
J-D
*102% 103
J-J
iFlorida
A 1st
1st 4%S——1959
East Coast
& ref
5s series A—.
of
A Certificates
—1974
*106
97
MS
9f
A 1st
mtge income, reg—*****i„ .1975
Lehigh Coal & Nav s f 4%s A— .1954
104%
97
37
35
deposit————
*33%
'
105
102%
83
__
J-J
4V2s series C*— .1954
J-J
iu3%
1
76%
fund
88
19%
41
20
5s
38%
37%
5s
-
(Proof of claim)—
1982
ACertificates of deposit———
U-N
11%
11%
10
11
11 y2
35
15
sink fund 5s*—*-*— .1964
stamped—
Dec
99%
99%
101 %
83%
93 %
80
36
88 %
61'/a
89 Va
52
61%
18
96
96%
32
78
98 %
96%
96%
96%
3
75
98
A-O
100
M-5
95
73%
100
~
1
94 Va
95
3
87
*.*
85
*--
83
F-A
*65
75
.1974
101
96
89%
83
93
71%
73
64
74 Va
65
63%
66%
*62
88%
65%
65%
F-A
_i——.1974
stamped
Leh Val
F-A
Mi-
.1964
—
1st & ref sink fund 5s„—
5s
4%
.1954
—
stamped.**——_**—* .1954
1st & ref
tFonda Johns & Glover RR—
§A2-4s
sink fund 5s
ref
1st &
99
37
90%
99%
Lehigh Valley Coal Co—
108 ya
97
90'/a
*86
z
101
Lautaro Nitrate Co Ltd—
Lehigh & New Eng RR 4s A—.— .1965
.1945
Lehigh & N Y 1st gtd gold 4s
3s
i
J-J
Lake Sh
651/4
107%
Cons sink
Firestone Tire & Rub
98%
5%s series C—_. .1953
ref
Lake Erie & Western RR—
100%
5 ,55
*100% 107
—
*100%
ref
&
5s extended at 3%
1st 4s_—
4 Vis series A.
Gen mtge inc
N Y & Erie RR extl
A-O
&
Coll
80 Va
99%
.1945
Light extd 5s
Coll
82 Vi
Railroad Co—
Erie
A
106
79
A-O
.1962
100% 101
108%:
62
71
,
I
73
Machinery Corp 3s debs
-1956
Francisco Sugar coll trust 6s———1956
11
J-D
U-N
98%
98%
99%
21,
4%
147/s
102 %
*103
103%
80 Vi
99 %
F-A
56
54%
56
22
44
66
.1950
J-J
64
63
64 Va
63
52%
75%
.2003
M-N
30%
29%
.2003
registered-**—;
—.
4'/as stamped, modified—*—— 2003
Food
.1954
M-N
33%
33
Harbor Term
gtd 5s_**
Lehigh Valley N Y 4%s ext—
Lehigh Valley RR—
^
.
4s
stamped
modified—i.
4s
4%s
Gas & Elec of Berg Co cons 5s
Steel
Gen
1949
1949
Castings 5Vis—
t A Georgia
J-D
5s
J -J
Ala Ry 5s_——Oct 11945
$|AGa Caro & Nor 1st ext 6s
1934
Goodrich
101%
101% 102
J-D
(B
1st 4 Vis
deb 5s w
F)
Gotham Hosiery
—1956
—1946
w
Grays Point Term 1st gtd 5s
*1947
Great Northern 4 Vis series A——1961
General 5Vis series B
AGreen Bay
A
1976
ctfs
B
3
103%
109
5s
109
112%
2
102%
112%
3
92 y4
108%
90 y4
Feb
Feb
13%
J-J
\
f 4Vis_—
Gulf States Utli 3 Via series D*
Co
1st
Gas
s
f 5s
1st
series
98
104%';
15
76
99%
105%
99
103%
75%
93%
Louisiana; & Ark 1st 5s series ,A—
58
69%
9
14%
Louisville Gas & Elec 3Vas_—
1966
Lou
Jeff (Bridge Co gtd As*"**— 1945
Lorillard (P) Co deh 5s__
/
3s
deben tures
■
1951
69%
69%
1952
J-J
*97
97
97%
A-O
103% 103%
1021/8 106
1st & ref
110% 110%
109%
1st & ref 3%'s series. E__L*.
Louisville & Nashville RR—
M-N
110%
101%
J-J
__
J-J
131% 132
U-N
*83%
M-N
105% 105%
J-D
52%
M-N
52
127
95
111%
53 %
53
A-O
26
25%
133 Va
80
1
88
103
105%
105
40%
Illinois Bell Telep 2%s
series A—„1981
Illinois Central RR—
iqci
^95}
69
26%
129
19%
1st
&
ref
Collateral trust gold
For
footnotes
see
J-J
101%
101% 102
J-J
*99 Va
J-J
37
*97
A-O
*97% 100
*44%
101%
104%
96
65
1952
60%
A-O
'
104%
120
,122%
101
102%
78%
94%
109%
*102%
,,
109%
111%
102% 104 Va
4s
106% 106%
—2003
series :D_
A-Q
2003
A-O
"97%
—2003
A-O
2
23
94%, 105 Va
98%
34
88%
92
92%
43
85
103% 103 %
104%
104%- 105 Va
96%
8
107% 107%
A-O
1
92%
*
■
;
103%
J-J
J-J
.
•
F-A
M-S
94
Mob & Montg
1st gold 4%s**—_1945
Ry Joint-monon 4s_„_***1952
M-S
Bouth
J-J
Atl Knox & Cine Div 4s——1955
M-N
.
102%
108
107
95%:
105%
109%
105"
94
104%, 105%
.
102 Va 102%
35
94
110
*110% 111%
-J
100
106%
78%
94
*
102%
103%
103
*103 y2
v
102%
111%::
M
sink, fund—Feb 11957
60
60%
58%
60
52
51%
65
59
57%
59%
78
47
J-J
57
60%
54%
57%
M-N
59
58%
59
8
12
43%
59%
46%
62y8
15s—1953
s
AManila RR (Southern Lines) 4s
1959
24
84%
94
J-D
50%
52
19
47%
59
M-N
64%
65%
15
49 Va
J-D
89%
91%
91%
70
M-S
*52 Va
**
45%
56
M-N
*25 %
**
50
50
J-J
*64
72
A-O
102
liAManitowoe,Green Bay & North¬
western
1st gtd 3 %s_
Marion Stqam
Stamped
97
M-N
2276.
M-S
31
97% 100%
92%
97
_*
MS
4sZZZZZZZZZl953
page
*108
.—2003
4y2s series/C**-
A Manila Elec RR & Lt
1951
*.
99
M-S
118%
6iy4
1951
,
50
93%
92%
Va
.98%
•-
105
62%
54%
117%
46%
*116% 118
Feb 1957
gold 3s sterling
Collateral trust gold 4s
Refunding 4s_—_
Purchased lines 3Vis
122
101%
92%
Paducah & Mem Div 4s*__***—1946
6t Louis Diy 2d gold 3s—
1980
53%
1st
2
121
101
F-A
A-O
1969
"107%
j
1st & ref: 5s (series -BJ
F-A
3Vis—
105
94%
54
106
*107%
1963
*
8
y8
Manati Sugar 4s;
gold
121%
11
1945
Gen mtge 4%s, series A__—1960
1st
122%
103% 104
Maine Central RR 4s series A
Extended
104%
12
122%
103% 104%
66
*1957
1st gold 4s
ist gold 3y2S
10
A-O
v:
M-S
5
1949
AAdj income 5s„
104 % 104%
122
107% /
109%
123%
M-S
6i
A—1962
1st 5s A
105%
Guaranteed ref gold 4s__
1949
4s, stamped-I.—4!_,i___***—**. 1949
88'%
1969
gold 5s
1
106
104%
61
—1999
Ry cons gold 5s
1937
Oil 4Vis debs
1954
Coal
106
99%
88
t§AHousatonic
Hudson
J-J
50
75
103'/a
J-J
Hocking Valley Ry 1st 4Vis
Hudson
123%
1
29
H
Hudson & Manhattan
115
; 2
Unif mtge 3 l/2s series A ext—.**1950
Unif mtge 4s series B ext***——I960
Houston
1
103% 103%
102 Va
40
123% 123%
105
100%
13%
A-O
A-O
83%
13
55%
M-S
83%
70
20
1950
15
*62 %
64%
A-O
1949
74
90%
35%
39
64%
Long Dock Co, 3 %s ext to
Long Island, unified 4s_—
98
103
41%
34
39
M-N
97 Va
89%
t
40%
M-N
1962
102% 102%
v
45
31%
32
Little Miami gen 4s series A——
102
102%
102 Vi
40
32%
F-A
97%
J-J
42%
28%
69
1951
debenture—i—
96%
97
29%
1
34
99%
1961
& Ship Island RR—
1st & ref Term M 5s stpd—s
—
97
Gulf
Gulf States Steel
Lehigh Valley Terminal Ry ext 5s. .1951
Lex & Eastern 1st 50-yr 5s gtd—, 1965
1955
Libby McNeil & Libby 4s_
1944
Liggett & Myexs-Tobacco 7s
99%: 101%
111% 111%
J-J
Gulf Mobile & Ohio 4s series B_***1975
AGen mtge inc 5s series A
2015
6
105% 106
J-J
___
55%
106
1940
.
30
32
_1946
—
8
109% 110%
—1967
;
44
103
109%
J-j
I
34%
101% 101%
J-J
& West deb ctfs A
Debentures
J-J
J-J
series G_
Gen mtge 4s series H
Gen mtge 3%s series
19
*100
J-J
——
47
'
1977
General 4Vis series D
98
29
105% 105%
MS
J-D
..1952
General 4Vis series E
General mtge 4s
J-J
——1973
General 5s series C
23
24
22%
42%
J-J
&
,2003
396
30
(
registered**—-—-**. 2003
stamped modified**!
31
30
Shovel
—
s
*—1941
f
6s
,1
*.1947
*
A-O
Va 102'/a
*ioiv2
_*
97
97
39
70
100%
103
100
102 Va
Market Street Railway—
(Stamped mod) ext 5s
***1945
McCrory Stores deb 3V4
1
1955
Metrop Ed 1st 4%s series D
1960
Metrop Wat Sew & Drain 5%s
1950
Q-A
M-a
*111
A-O
*90
tSAMet W Side El
F-A
13
(Chic>
4s
1938
A-O
*
89%
99%
105 V*
106%
111
103 % 105%
113%
84
13
6%
96
13%"
,
'St*1
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4235
Volume 158
2275
NEW YORK BOND RECORD
Last
Interest
Stock Exchange
Week Ended Dec.
Friday's
or
Sold
High
NO.
Low
Michigan Central—
Jack Lans & Sag 3'%s_.
,
1st
gold ,3% si.
73%
J-J
1979
J-D
AgConsol ext 4yaS——1939
J-D
.
,
32
49'%
63
pm*..
65
88
29
38
68'%
M-N
J-J
§ A 1st stamped 5s gtd as to int—1938
—1946
27%
30
28'/a
29
4%
5
4%
,
5y2S———————*1949
B-——-1978
A25-year
8%
2'%
8
'•:
16'A
35
8
77
95'A
J-D
53%
50'/a
53'%
58%
65'%
49
52'% >w
55'A
/
-1962
J-J
65
40-year 4s series B__——*1962
Prior lien 4 y2 s series D
—1978
J-J
52
J-J
55%
49%
A Cum
A-0
31
28"
Prior lien 5s, series A——
adjust 5s series A*—Jan 1967
,
.
,
40%
..
..
.
.91
■■31"'/
;■•:
•£
.
53
56'%
19
:
:i
50%
51%
50%
51%
F-A
—1965
Alst & ref 58 series A-—-
38
3s
Ref
50%
Ref
' V.'
35%
59%
35%
89
.
•59'%
Ref
'
of
A Certificates
deposit—
1975
M~8
19
Alst & ref 5s series F
A Certificates of deposit—
1977
M-S
51%*
Alst
1978
AGeneval
4s-
ref
&
*-
5s series
A Certificates
M-N
M-N
of
1%
A-0
51%
10'%
9
50%
no
*50'/a
56
F-A
107
107
————1960
A-0
111
111
debentures——_——*_1965
A-0
113'/a 113'%
105'/4 105%
23
Monongahela By 3'As series B——1966
Monongahela W Penn Pub Serv—•
55
M-S
1st mtge
4yas-
105%
J-D
Montana Power 1st & ref 3%s——1966
J-J
ext—:——1951
Morrell (John) & Co 3s debs———1958
Morris & Essex 1st gtd 3'%s—,—2000
Constr M 5s series A—————1955
Constr M 4 y2s series B——
1955
Mountain States T & T 3 Vis.—-—1968
Tramways 5s
Mutual Fuel Gas 1st
96%
'
....'
^
96'%
109
113%
110
114
103%
107%
1
99%' 100'A
J-D
49
48 y8. 49'A
82
37'%"
54'%
M-N
45%
44'/4
45'%
62
35'A
50%
41'A
42'%
66
42
M-N
'
M-N
111% 111%
1
—
3
81%
80%
106
105
M-3
106
1949
M-3
102%
1965
A-O
fANaugatuck RR 1st gold 4s—
1954
M-N
1st & ref
5s
116
C—
series
5s
ACertificates
94%
95%
of
series
ACertificates
of
'
4s
General
Y
Ref &
RR 4s
—
**".•
64%
75%
71'A
61'A
52%
79%
•
;
47'%
88
54%
61%
60%
51%
342
.
61%
J-J
77
1
•
.
::
69%
82
67
26
53
70'%
61
6
,
61%
46
48%
66'%
58%
5
47%
61
94'%
95%
119
77'%
85%
64'A
100
102'A
99'A
95%
M-S
85%;
A-0
;
-**.
108
A-0
99'%
99%
\
.,
108
F-A
111
■
M-N
;.t,T
'
4
-
111
110%
IO21/4 102'/4
1'
M-N
ANon-conv
'
■
71
70'/4
■
76%
75
..
'
|
76'%
■T
:
ANon-conv
deb 4s_——.1956
ADebenture certificates 3y2S—1.1956
deb
6s.*:
—1948
...
§ A Collateral trust 6s._.
ADebenture 4s
1
1940
—.—1957
Alst & ref4y2s series of 1927—1967
'"v-
M-S
r
,
•"
•
40%
37'%
36t
.
,.'37%'
"
.
Jj, * ''
•
■
40
M-N
371%
38
1st
4s—...
AGeneral
—1954
:__*—_
4s__.
1955
38
44
J-J
:
NYS Putnam 1st .cons gtd ,4s
N Y Queens El Lt & Pow 3'%s
N Y Rys prior lien 6s stamp
L
N.Y Steam Corp 1st 3'%s
w
For
footnotes
see
.
page
1993
—1965
2276.
1958
1963
•74'A
60
■»
80'A
28 L" .•>"-.34-«,
42
'A
53
'
.
,.93
••60;
T, 56
,
12'%
41%
39% •42%
28
106'A 109%
109
111
107 »/a
111
106%
110
12
19%
109%
Hi'
10
107%
j-d
102
M-N
104% 106%
5s—.•—1945
5
105% 105%
20
104%
105%
108 »/a
1
108'A 108 »A
109%
109 %
109
**.
j-j
107'A
110%
1st gold 5s—.1948
J-D
1964
J-D
J-D
*97'A
98
92%
109% 110 '/a
110'A
6
109
109%
29
104'A 104%
11
Paramount
112%
106'A
112%
103% 106%
103
107% 108%
107%
7
6
107% llO'/a
3
108
2
104
105'A
5
102%
105
1955
deb 6s
1944
a-o
108
97'A
m-a
*115%
Trans
112%
103'/a 104
Broadway Corp—
i gold 3s loan ctfs
M s
99%
109'A
110
109
24
110
110 'A
"86
5
98'A
85'A
f-a
:
8
111%
67
86
57'A
98%
115'A 117%
*.
F-A
I960
*108
M-N
—1963
A.
*101% 103'/a
J-D
—1952
Gtd 4s series E trust ctfs
J-D
Pennsylvania Glass Sand 3yas
102
*104
103%
106 %
:
109
101
109% 109%
106
102
106
107%
104
32
105'/a 106
105%
109%
Pa Ohio & Det 4yas series B—.1981
1st & ref 3%s ser D—
.1968:
J-J
J-J
104%
104
104%
23
F-A
108%
108'A 108%
45
103% 105%
106'A 109%
107
107'A
29
98'A 108%
109'A 109%
11
Light 3'As.
....1969
—1974
debentures
4Vas
—
Pennsylvania RR—
Conso! gold 4s—
.'—■**.
1948
4s sterl stpd dollar..—May 11948
Gen mtge 3%s series C_——1970
Cons sinking fund 4yas—
.I960
F-A
M-N
109'A 109'A
M-N
A-O
108 %
108
52
ft
110%
110%
88%
119%
1
98%
97%
.98 V'8
124%
99'A
F-A
121'A 122%
1965
j-d
109
series B
1968
j-d
Debenture gold 4'As
A
;—1970
A-O
97%
176
89%
1981
A-O
106.
105% 106 Va
39
96'/a
j-j
106 V4
105'/a 106 y4
19
95% 106%
4'/as
5s
series A
"series D——
Gen mtge 4'As series E
General 4'As
Conv
deb
3'A s——
—1984
'——1952,
A-0
Peofrles'Gas L & C ref 5s_—.»—1947
Peoria & Eastern 4s ext————I960
Alncbme 4s———Apr 1990
Peoria & Pekin Union Ry 5'As
1974
Pere Marquette 1st series A 5s
1950
1st 4s series B—*.*..———..1950
M-S
1980
A-O
115
78
115'A 116'A
y4;
97
97%
93 'A
99%
99%
5514
32
34
5%
84'A
82%
78
74%
.78%
1952
j-d
107
1974
F-A
*129
134%
gold 4'As series C
1977
General 4'As series D—1981
j-j
*118
114
64'A
M-S
124%
j-d
Phila Bait & Wash
General
5s series
1st gold 4s—
B
4'As——196i
phila Electric 1st & ref, 3'As—-1967
1st & ref mtge 23As
—.—*'—1971
{Philadelphia & Reading Coal— "
A ref 5s stamped——.—1973
AConv deb 6s———1———1949
Philip Morris Ltd deb 3s~1962
3s
debentures
107
92'A
18
64%
84%
267
107
72%
57%
78%
20
104% 107
•
General
Philadelphia Co coll tr
107,
24 '4
106 V4
9214
j-j
Phelps Dodge conv 3'As deb
I12'4
58'A
44'A
22
91
gold 4'As series C—
100%
111
*105'A 107
F-A
98
106 'A.
90%
6
53'A
92
1st
117
20'A
55 'A
Apr
j-j
108
105.,
111'A 112
112
101% 110%
16
110
1963
{§APhilippine: Ry 1st s if 4s_——1937
ACertificates of deposit.*—Li
118%
129
**
111
125'A
—
107
J J 111'A
96
107'A
—
104% 105%
37
M-a
l.lO'A 110'4
24
j-d
103
103'/a
6
40%
97
16% ,17'A
282
j-j
105%
j-j
M-S
39%
40 'A
17'A
*105
M-N
8
43%
8%
19'A
•104
13
106 »/a
104'A 106%
3%
9
12
6%
6%
j-j
"
104%
20'A
_.
104% 105
M-a,
110% 112%
102
4%
,
7%
31%.
31.1%
49
Pittsburgh Cine Chi & St Louis-Beries D 4s guaranteed^
..1945
m-n
49%
Series "E 3'As gtd gold———...1949
F-a<
*104
52,
Seri is ,F 4s
guaranteed gold—.1953
J-D
113
113
guaranteed——.*.,1957
M-N'
*113
_*
111%
113%
F-A
*113'A
--
112%
114
119%
123'A
52
32%
.
53
We
31'%
.
*82
,
~9 '/4
3%
51%
•
■
62%
Series I cons 4'A s_.A
78
Series j
14
T
:
,
316
.50'%
*107
J-J
106%
108
.
.
^
;
123'A
117
a-o
115
116'A
105
117
J-J
107
106% 107
100
107%
Pitts Coke & Iron conv 4?As A—,1952
Steel 1st mtge 4'As,——1950
M-3
102%
102 »/a
102%
95
103
J-D
103
103'A
5
98%
•1st mtge 4'As series B.
;
...,1950
Pitts & W Va 1st 4'As series A——1958
J-D
102'A
102'/4 102'A
16
98'A
103%
103'A
J-D
57'A
55
57'/a
28
55
64
——1959
a-0
57'A
55'A
8
53%
63%
1960
a-0
57 ya
55%
4
53%
64
...—1970
*119
M-N
1'
•411/4
•
104
.
12%
7
58%
109% Hl'%
104%
:•
II
series B——
—1975
Gen 4'As series C-.
.*——*1977
Gen mtge 5s
2
,
106'/a 106%
,
113
105%
Gen mtge 5s series A—.
6%
15
.
F-a
107
119%
55
90'%'
51%
•110
116
21
17'.
'
\ 105'A
4104
116
guaranteed 4'As—1964
8'%
93
4'A
«105.
105'A
*._
18
'
103
109% 109%
M-N
!
..
..—1963
'
J-D
cons
36'A
59
:
;••,
8%. •9'A".
'.3%
'guarantee^ 4s_„.I960
49'A
.
M-N
Series G 4s
Series H cons
37'A
-
J-J
30
107
33/4S series H
1961
& ref mtge 3Vas series I_—1966
45"
JT.
55
14
A-0
13'A
107%
109
110'A
1st mtge 4Vfes ser A——1962
V"-; 208.
45
M-N
J-D
107'A
33
v
16
20': ,:i;
;
.
40'%.;
38 " •
J-D
M-3
12%
107'A
107%
'
j
"
•
40'%
•
L' 36
J-J
A-O
12 3A
M-N
M-5
110'A
Ref
102 »A
55%,
42
••
38'%
35%
{A Harlem River & Port Chester—
{ AN Y Ont & West ref gold 4s___.1992
102'A
4-—
'
J-J
■
J-J
i .i,
M-3
A-O
3,y2S.--—---—...1954
deb"; 4s*.*—*ii—..*1955
ANon-conv
AConv
,
*3;'As.*—ill——1947;
•
.
23
"./:•,
,
"
deb
101
j-d
1st Si ref mtge
105'%
.
•
10
..
-.
{N Y New Haven Si Hartford RR—r
ANon-conv ,deb .4s—
£1947
110'A
101
j-j
Pacific Gas & El ,4s series G
112%
100'
^r
102%
M-N
ANon-conv; deb
115% ,1171%
Ill
.
i: '<'
i-
■
•
•'
v,
/
:
5,,
*105%
';
J-J
1973
109
110% 112'A
105 y4
*'
4 Ms s series B--*—-—*—**——.1973
N Y Lack & West 4s series A
1st
110'%
IDT/a
.
12
•
115'% 115%
J-D
.
26
20
110'A
100
86
9
.
107'% 108
N Y & Erie—See Erie RR
j-j
109'A
lliy2.lll%
99 y4
79'%
'
Harlenji gold 3%s—i.—**.*2000
Mtge 4s series A_^____"_—__I_1_2043'
Mtge 4s series B
;
_2043
109
111%
j-j
51
106%
65
6
108
108
A-0
86%
101
•".■13.
79
77'%
99%
A-0
30
104.'% 105
78%
F-A
;
■
'
104%
A-0
N Y &
109
M-a
101% 102'A
101'A
V
196
*102
.
J-D
N Y Gas El Lt H & Pow gold 5s_**1948
Purchase money gold 4s———1949'
f-a
102'A
97.'%
83 '/4
61%
50'%
60'%
-
66
58'%
■
A-0
1966
68%
..—1966
87'%
60
■'
—-
F-A
.—1965
1st lien & ref '3 'As series E
68'A
55'/a
J-J
86
66'/4
•'••
F-A
———
N Y Edison 3 Vis series D_
55%
19
Otis Steel
.
*
31
63%
106'/a
67
67'A
74'A
19
3 %s A——1965
N Y Dock 1st gold 4s
1951
Conv 5% notes
—.1947
63
63
44
61
52%
94
77
67'%
.
47%
226
83%
84
mtge 3 Vis extended to——1947
debentures*————*i*———1950
62%
63
107'/a 108
General
57% ,59
'
6s
63
70
49'%
49
82'/4
N Y Connecting RR
81%
108
75'%
44'%
69
72
New York Chicago & St Louis—
1st
66 Va
Penna Power &
64'%
50
30
82%
—1974
Ref 4%s series C—*—:—1978
210
13
Guaranteed S'As trust ctfs D—1944
51'A
83
series A
76'/8
Pennsylvania Co—
48
1
83%,
5% s
75'A
j-j
*103%
57%
F-A
Ref
j-j
62 %„
j-j
97'%
50
55
53'/4
—1998
j-j
56
50%
gold 5s
1946
Guaranteed stpd cons 5s——.—.1946
Oregon-Wash RR & Nav 4s—*.1961
1st
44'%
—
—
J-J
registered
76
62
Ore Short Line 1st cons
Parmelee
97
41
*68'%
F-A
'3%8
j-j
58%
57%
Paterson & Passaic G & E cons Bs.1949
108
80'A
5
.
54%
Mich Cent coll gold 3'/is——-1998
3 Vis registered———1998
57
40'A
j-d
104'A 108
:
registered-*———*-—1997
3 Vis
57%
j-j
3
■96'%
83'%
A-0
Lake Shore coll gold 3y2S——1998
51
104'A 104'A
69
68 '/4
■
A-0
1952
51
105 'A 105'A
85
73
M-N
i
42
m-n
103
—1997
Ref & impt 5s series C
Conv secured 3'As
N Y Cent & Hud River 3'%s
69
98
Oregon RR & Nav con gold 4s——1946
82
1
65'/a
,
69
F-A
—2013
2013
8
52'A
J-J
85'%
111
68
64'%
J-J
impt 4'%s series A—
85 '/8
51%
52%
119
.*...1946
—....
Transmission
General
A——1998
series
89
85'/e
q-j
q-f
q A
mtge 3'As series C
1966
Paducah 81 111 1st s f gold 4yas—..1955
Panhandle East- P L 3s B—
..—I960
70
65
A-O
———1945
gtd 4'%s
Central
debentures*.
Ontario
Newport & Cincinnati Bridge CoN
94%
89'A
8QV2
108
72
68
F-A
—-
69%
72%
88'A
q-j
J-D
106
65
68'%
62
F-A
•
65
50
a-o
125%
5
61
67
67%
*62
deposit—
132 %
48
Pacific Tel & Tel 3J/4S series B—.I960
77
60%
#
—
..1954
A-0
119
"9
95'%
60'/4
deposit——
A——.
114'A
104'A
70'%
■
■
5'/as
4%s ext_.....1944
Gas"& Elec 3%s>
Secured 4s
of
ACertificates
Alst
123
113
109%
122 »/2
104'% 104'%
•
,
119'A
124'A
J-D
11
.
—*—1956
124%
J-D
12
-
deposit-—-,——
Alst 4'%s series D—
—_—1956
40
128
128
128
J-D
118'%
95'%
J-D
A-O
85%
49
34
1970
116 'A
92
91%
'*'104 '/4 104'%
92
of
Alst
1st & ref mtge SVis.—1967
3yas.*.*i
*'.
1964
1st mtge
Oklahoma
1st
IV
106% 106%
95 V*
J-J
deposit
——1954
of deposit——
73
29%
1st & ref M 3s series K.*———1971
84
*82'%
106%
A-0
B
11
57
70
*
.;
106%
70
125 '/4 125%
A-O
ACertificates
81'A
39
*37
1st & ref mtge 3s series J
19
J-J
.
106
37
38
105
20
,
Til
{New Orleans Texas & Mexico Ry;—
§ANon-cum inc 5s series A——1935
Alst ,5s series
ACertificates
82%
81%
J-J
1st gtd 4s_.
1
82
1953
New Orleans Term
102%
O
'
1955
series B——
110'A
108% 112'A
80'A
a-0
100
■
116'% 117
F-A
—1983
J-J
116
L.j.
■
116
82%
82%
A-0
1st 5s series A—1952
Ser
9
95
103 Va
M-N
1st ref & imp 4'%s_..—1952
N O & N E
New Orl Puo
21
105'A 105'A
22'/4
108 'A
108'A 108'A
105'4
90
8«/a
*108'A 109
A-O
Af-N
deposit*——.
tSAOg & L Cham 1st gtd gold 4S.1948
Ohio Edison 1st mtge 4s
1965
1st mtge 4s
;—
..1967
1st mtge 3%s
1972
101'A 105
."
J-D
1986
New Orleans Great Nor 5s A
"•
108'%
102%
14
21
,
.
*99%
■
J-J
—I960
N J Junction RR gtd 1st 4s—
N J Pow & Light 1st 4y2s—
268
111'4
States Power Co—
Pacific Coast Co
82
68%
105'%
9
103% 104'/a
■
J-J
1945
A Consol gtd 4s
——1945
New England Tel & Tel 5s a—.—.-1952
1st gtd 4%s series B——
T—1961
106
•
102'% 102%
.
——
J-D
.
14
105'% 106
National
jANew England RR gtd 5s—
15 '/a
16
109
112'A
30
81'%
J-D
Newark Consol Gas cons 5s—1948
110%
111'A
•
1
';■:>• ;T
F-A
.-1978
Dairy Prod 3'As debs——I960
Nat Distillers Prod 3'% S;
——1949
Nat
46
31%
108%
*109% 111
J-D
N
3'As sinking fund debenturesSteel 1st mtge 3s„—
of
.
gtd 5s——1947
Nash Chatt & St l 4s series a
96'%
89
.
2
M-S
O-A
*
7
99%- 99%
M-N
14'A
14®8
F-A
registered.*.—.*2047
Si impt 4'%s series A
.12047
& impt 6s series B_—......2047
Si impt 5s series O.
.—2047
Ss impt 5S series D_._„_..„2047
(Wise)
101% 107
'
Montreal
J-J
109
*123
Northwestern Teieg
65
3
}■
:
109
59%
9
.....
J-J
59
45
8
55
Moh'k & Malone 1st gtd gold 4s—1991
6s
35%
189
,
83
58
38
52
86
59%
36%
*50'/a
—-
483%
15'%
36'A
'
u—
M-N
18TS}
58%
5%
•
50'/a
51%
F-A
deposit———.
59%
35%
'
19'/a
9
*120
(Minn)
59%
58
36'/a
163
184
51%
35%
35%
45 ya
12
10
Af-9
Northern
27%.
11
,
,
*
*50'/a
ref 5s series I———1981
ACertificates
,
386;
,13
51%
50'/a
51%
of
deposit—
1949
AConv gold S'/aS—————
Alst & ref gold 5s series H—
1980
ACertificates of deposit——
Alst &
409
18%, 19%
52
■;
"50%
50% '51-,.,.., ;
50%
G——
10
.
High
31'/a
9%
.1961
Gen lien ry &.ld gold 3s—..Jan 2047
Ref
{Missouri Pacific RR Co—
,1998
inc—**<,..2014
Northern Pacific prior lien *4s—1997
4s registered
————1997
65'%
35%
52
123
.
Low
50
F -A
M-a
ACertificates
33'%
298
•
37
*12'A
—1974
59'A
Missouri-Kansas-Texas RR—
.
conv
Alst mtge gold 5s (stamped can¬
cellation of guarantee)—*.1945
100
41'%
196
,
No,
F-A
Si ref 4yas series; A—-*—1974
Gen
Range Since
January 1
Sold
High
35'A
37
Bonds
{Northern Ohio Ry—
77'A
98'%
.
mtge 5s
North Central gen Si ref 5s
7%
64'%
;
5
;
J-J
golf 43.1996
10
1%
-
mtge 4%'s series A.....
A Gen
30'%
4 'A
,
1st
31%
15%
65
Friday
Week's Range
Last
or Friday's
Sale Price Bid & Asked
Southern Ry Co—
HANorfolk Southern RR 5s A
Norfolk ,& Western Ry 1st
30'%
16
74
76%
.
J-J
t AMissouri-Illinois RR 1st 5s——*1959
Mo Kansas & Texas 1st 4s————1990
30%
2%
•11
95
76%
J-J
Alst & ref 5yas series
2%.
2%
M-3
-
■"■,•
3'%
'
"
Norfolk
9'%
201
30
"27%
4
65
/"■:
•?"■"
29
Niagara Falls Power 3'As.
.—.i960
Niag Lack & Ont Pow 1st 5s A—1955
Niagara Share (Md) deb 6 Vis—1950
57
61
'
64
5'%
29
J-J
J-J
'•
8
29
27%'
"■■■
25
s'
91:
7%
2'/a
.J'-''''
"
29'A
27%
7%
V";
J-J
A 1st & ref 6s series A
72%
28%
Q-F
;•
50'/a
50 Va
*»*+•
M-S
§ A 1st cons 4s stamped——1938
§Alst consol 5S-,.-.——1938
62 %
*58
gold 4s—__—1949
109%
104'%
53
60
M-3
1A Minn & St Louis 5s ctfs———1934
ref
.
31
90
'
J-J
&
78
*86'/a
.
HAN Y Susq & W 1st ref 5s—-1937
fiA2d gold 4'% s
*——.*—1937'
§ A General gold 5s..—.
.1940
ATerminal 1st gold 5s...
1943
N Y Telephone 3'As series B
—.1967
{§AN Y West & Bost 1st 4ya8—1946
102
57'%
.
52 y8
4
ARef & ext 50-yr 5s series A—-1962
tMinn St Paul & Sault Ste Marie
:■•
Period
Low
92'%
97
.4
Interest
High
78
15
'•
104 '/a i104'A
A-0
t AMilw Spar & N W 1st gtd 4s—1947
t§AMilw & State Line lst3'%s
1941
A 1st
''
•
73'%
73%
104%
M-S
Michigan Consol Gas 4s
,1963
t§AMidland of N J 1st ext 5s
-1940
j§AMilw & Northern 1st ext 4V2S--1939
Low
,
101%,:102
M-N
—_—
4Vis series
Ref & impt
>90
M-S
—1951
New York Stock Exchange
Week Ended Dec, 3
Range Since
January 1
Bonds
Sale Price Bid & Asked
Period
3
BONDS
Week's Range
Friday
BONDS
New York
38,
108%
106'%
109%
Pitts
1st mtge 4'As series B
1st mtge 4%s series C.
*
55'A
.
14
COMMERCIAL
THE
2276
Week
Stock
Interest
Exchange
Ended
Week's Range
or Friday's
Friday
BONDS
York
New
Dec.
Last
Low
—
High
No.
Low
108 3/4
*—
New
Range Since
January 1
Sold
York
Week
Stock
Ended
Friday
Exchange
Dec.
Interest
3
Week's Range
or Friday's
Last
Period
Low
J-D
—1962
1974
F-A
J-D
Gen
&
ref
5s
series
C——
1977
—1960
1950
J-D
Gen
&
ref
5s
series
D_
107 %
109
118%
124
Texas
&
Pacific 1st
gold 5s
5s series B
gen
1st
gen
5s
1st
4Vas
series
Portland
Gen
D
Elec
.>_—
4VaS
1st
extended to„__
1st 5s
El
Potomac
1st
C_
series
Pwr
1
nio-%
M-N
12%
,
5s
series
76
75
79
47
68
1979
A-O
75%
74%
77
32
67%
J-D
75%
75
753A
9
67%
6
103%
40
62%
76
238
21%
37%
Tex Pac Mo Pac Ter 5%s A
107 Vi
Third
110 V'a
1964
Ry 1st ref 4s
-Jan 1960
110
109
—
v
J-J
«;
1
114% 114%
—
M-S
,,
.I960
income 5s—.—
AAdj
High
116%
A-O
_1980
.
100 3/a
Ave
Low
101%
J-D
1977
B
1083/4
15
13%
48
12%
"97
M-S
ref
&
NO.
71 %
71
723A
A-O
28%
27%
29
88 Vi
853/4
853/4
111
—
993/4 100 3/8
100 %
J-J
90
Gen
105%
6
1093/4 110
J-J
F-A
tAProvidence Securities 4s_u->>—1957
^.Providence Terminal 4s
1956
118
106
106
J-J
1977
1951
3 Vis
Pressed Steel Car deb 5s
mortgage
—
99 '/4 100
993/4
M-S
3Vis——1966
M
1st
"112
Range Since
January 1
Sold
Hiah
2000
.
1st
Bonds
Sale Priee Bid & Asked
High
Young & Ash 1st 4s ser A.—1948
Pitts
Monday, December 6, 1943
BONDS
Bonds
Sale Price Bid & Asked
Period
3
& FINANCIAL CHRONICLE
l6I
95%
7
Tol & Ohio Cent ref & impt 3%s__1960
Tol St Louis & West 1st 4s
1950
91
Ham
J-D
Trenton
97
A-O
Toronto
20%
Gas &
& Buff
1st
1st
Elec
J-D
gold 4s—1946
gold 5s
97%
98
9
100% 101
100%
23
wuV.M. *98
87%
100%
.101%
,91;
103
100%
102%
rei
at
1st
&
ret
mtge
1st
&
ref
1972
—2037
—2037
3s—
mtge
mtge
5s
8s—
3Vis——1968
Nor 111
Public Service of
—
J-J
109 Vi 109V4
M-N
*—
"147%
J-J
109%
112%
106%
107
109
109%'
220
—1958
deb 3Vis
Rand
Remington
Republic Steel Corp 4Vis series B—1961
Gen mtge 4Vis series C
—1956
Revere Copper & Brass 3 Vis—-—1960
t§ARio Grande West 1st gold 4s—1939
A 1st cons & coll trust 4s A>
1949
El'4Vis series D
Roch Gas &
>1977
1967
1967
1969
>1934
.-1949
3%s series H_
Gen mtge
mtge 3Vis series I—
Gen
3 Vis series J
Gen mtge
1st 4Vis
i A Rut-Canadian 4s stpd—i—
ISARutland RR 4%s stamped
*§AR I Ark & Louis
,
1941
1971
M-N
1945
A-O
15
12
Calif 3s deb———1959
F-A
1033/4 104
6
103-
105%
J-J
102% 102%
8
1003/4
1043/4
107%
109%
112Vi
3s
66
883/4
91 Vi
91
91%
73
78%
95%
J-J
9D/4
91
91%
24
78
951/4
1043/4 105%
35
102%
106%
105% 1053/4
33
101 %
1051/4 105%
24
10
97%
98 Vi
A-O
debentures--——>>>>>1967
1051/a
J- J.
F-A
1051/2
M-N
101
101
M-N
Union
Pacific RR—
108
A-O
102%
101 Vi
105 %
Ref mtge
1980
J-D
,1996
.——
100
102
3Vis series A
United Biscuit 3%s debs
1933
.—
ACertificates
M 4 Vis
A Cons
106%
106% 106%
A-O
101
101
101%
13
27
54
United Drug 3%s debs_^
U N J RR & Canal gen 4s_
.--1958
F-A
100 3A
100% 1003A
30
>>1944
M-S
*125%
M-S
124%
__
124%
•'
'
*111%
M-S
United
110
110
108%
M-S
109%
109% 109%
'
96
22
9
33%
341/4
M-S
17
35
9
9
J-J
9%
11
9%
i-J
9%
6
v
debentures
39
2.05s
143/4
9%
Steel
States
Serial
'
M-S
A-O
*106
J-J
A-O
105% 106
1053/4
J-J
62%
55%
61%
77%
:
971/4
;
,
96
V.':-
96
1
•;
M-N
*1013/4 102%
1003/4
*101
101'%'. 101%
1 1950
M-N
*1013/4
101
.i'u—May 1 1952
/iU—Nov 1 1952
M-N
*101
M-N
w—NOV
—
J-J
95%
90%
893/,
91%
78
893A
90%
10
90%
71%
28
44
101%
M-N
1023/a 102 3/a
1013/4
-
102%,
M-N
*101% 102%
1013/4
102%
11954
M-N
*101%
101 %
102
M-N
*102%
102
103%
Nov
;
2.65s
—1944
A-O
101%
Utah
—1944
F-A
100
91
—1951
1st 5s__
A-O
1023/a 1023/4
9
93%
100% 101%
39
97%
1023/4
97
97
101%
993/4100
98Va
29%
1978
M-S
31%
31
'.1".
.
98'/a
89
31%
89
27%
29%
78 Vi
.
648
96
89
19
Vandalla
38%
,
27%
9
18%
31%
395
20 3/a
41%
30
20
40%
29%
31%
1,099
193/4
393/4
293/a
31
45
19 3/a
39%
95%
96
28
85 34
Cons
37%
293/4
29%
M-N
RR cons g 4s
f 4s
s
series
series A— -1955
B
F-A
-1957
*1083/4
M-N
108%
__
*111
108%
97%
6
Va Elec
Nov 1989
J-J
65%
66
18
65%
J-J
483/4
48%
483/4
41
46%
32%
30 3/4
33
87
3%s series B__„. -1968
M-S
Iron Coal & Coke 1st gold 5s. -1949
Virginia Pub Serv 1st mtge 33/4s. .>1972
1st gtd 5s
.2003
1st cons 5s——,
.1958
-1966
Virginian Ry 33As series A
Va
1093/4
111
M-S
*86
F-A
109% 109%
J-J
79%
M-S
110 Vi
112
79%
1
104%
8
99% 100
A-O
-
91 %
114
109%
1093/4 1093/4
92
91 Vi
110
100
4
;
72%
86
26
81
110'/2 111
108%
111
100
72
J-J
Pwr
84
—1952
1990
St Paul & Duluth 1st cons gold 4s_1968
j A St Paul E Gr Trk 1st 4 Vis
>1947
&
Va & Southwest
Ry—
A 2d
inc bond ctfs
4s
5Alst term & unifying 5s
A Gen & ref gold 5s series A
t§ASt P & K C Sh L gtd 4Vis
St
Union Depot
Paul
3Vis B__
V
1971
*92
J-D
183/4
27
A-O
18%
26
J-J
F-A
27%
■/'—85
27
*102
"
5'vv
115
a
50%
89
63/4
17
'*
W
24%
Wabash RR Co-
31
101 %
104
lst
M-S
103'/4
—
__
1023/4 103%
50
§ Alst gold 4s unstamped
A-O
§ A4s gold stamped
of
deposit
F-A
A-O
41%
39
"63/4
M-S
6-A
18 %
■
M-S
t A Seaboard All Fla 6s A ctfs——1935
A 6s series B certificates-. —1935
F-A
A_
series
6s
cons
ACertificates
1954
debentures——1961
t§ASilesian-Am Corp coll tr 7s—1941
2Vis debs
Oil
Union
Shell
2%s sinking fund
Skeily Oil 3s debentures
98%
63
83%
59%
597/a
40
44
61
50%
49%
50%
121
34
52
M-S
26%
34
27 Vi
32%
26%
34%
28
49%
A Ref
273/4
50
ARef & gen 4Vis series C
4%
14
A Ref
A Gen
18
7
-
27
20%
501
273/B
45
26%
28%
28%
23%
43
28
Bell
Soutn
29 Vi
31
56%
59
3/8
14
51
15%
30
27%
17 Si
29
27
98%
102
5
99%
102
1
40
51
Westchester
Gen
6
101%
105%
1
1013/8
Southern
4s
105% 106
*123
11
1962
A-O
107% 108%
J-J
105
;
"3
J-J
105
1st
—Aug 1949
10-year
Terra
3%s
1st 4s__.
92
*90%
93
136
•
*68
90
'
60 %
62%
332
54%
Devel
&
M-S
60'A
59%
61%
182
55
68%
M-N
593A '
58 3/a
60
274
53%
Devel
St
Devel
&
Div
Mem
gen
gen
1st
series A
6s
;
-
6Vis
gold 5s:—i
St Louis Div 1st
gold 4s_—
Southwestern Bell Tel 3Vis B
1st
&
ref
3s series
Southwestern
Pub
C_
Serv
59%
593A
185
52%
66
101 '/a 101 &
52
93%
101
98%- 99 Vi
64
87%
M-N
J-J
A-O
J-J
1994
1956
1956
1956
1996
.-1951
J-J
-1964
1968
4s
-1972
99%
88
*•.
87-
*-_>'
105
240
85
723/4
91%
91%
A-O
95%
95
65
-
74
A-O
J-J
J-J
J-D
J-J
M-N
92
81
873A
*99%
A
96
43
92
ser
debenture—
-1953
J-J
^-1945
1946
M-S
73
—1946
5s
M-S
84
100%
89%
103%
110% 110%
110%
18
105
M-N
104%
107%
97%
,98%
,
98%
1951
1944
f
-
debentures
—I—Z~1965
112
112 Va
84%
19
•
70
73
70
73%
123
1003/4
100% 101%
95
46
102 3/a
1013/4 102 3/4
M-S
195D
100 3/a
\>
; '
62
94
102
36%
-i
178
76%
76%
102%
83
.
101%
87%
43
100
36%
84
80
100%
101% 1013/4
M-N ■-.■■■-
& Paper 3s___-
-
&
'v''
J-J
-
—2361
%;
51%
1954
■
J-D
-
M-S
111%
M-S
913/4
Co
,
50%
*103%
:
101-%
101V4
15
16
41%
102%
104%
20
104
107%
17
104%
101
11
100%
102%
J-J
.
104% 105
'
*—
112
*105%
F-A
102 Vi
.
4
35
21
101%
.
56va
104%
109 Vi
111 Va
88
93
101%
114%
—
100%
116%
of
J-J
of
deposit—>__—>•
-
47%
58
11
47%
65
15%
16%
47
143/4
26%
15%
23%
563/4
59%
M-N
109
58
—1949
deposit—.:.
16%
59%
18
*—
■Uf*.
A-O.
J-J
IO93/4
*—
;
-
.
■
—.
109
*108
673A
% ,112 '/a
107' ,:108%
54
1
'
'•
:
':'V;
*'V
......
Y
'
'•
■
..
88
..
-1
«'*
Youngstown Sheet & Tube—
Conv deb 4s
1948"
M-S
102
101 »/4102%
38
101%
103%
1st mtge s
1960
M-N
101
100 3/4 101 %
48
95%
101%
f 3%s series D
100/5 103 Vi
103 J/4
10b%
102% 1033/4
122%
120
*102% 104
J-J
61
4i%,
111%
103
:
102 3A 103
F-A
8
92
*116%
.43
1053/4
50%
*105% 105 Vi
J-J
—
913/a
J-J
85
111% 111%
A-O
*
54
49%
53
J-J
Wisconsin Elec Power 3%s—«..->1968Wisconsin Public Service 3%s>_;..>-1971
111%
100% 101
M-N
gold 4s
1953
Ref & impt
mtge 3%s series B__1974
Tcxarkana & Ft Smith 5 Vis A_
1950
Texas Company 3s deb
I 1959
3s
120%
110 Va
109%
22
119.
J-D
1950
5 ASu & Du div & term 1st 4s —1936
.
108%
6
104% 105
M-N
1961
5s
119
106
9
112%
105%
*101
1956
5s
45
108%
v-
89
a Deferred
delivery sale not included in the year's range,
Included in the year's range,
n Under-the-rule sale not included
not included in the year's range.
' : -
cons
104
%>,
88
73%
——I960
»—
ACertificates
'
1103/4 1103/4
J-J
s
104
104
110% 111%
88%
J-J
A
—
ACertificates
.
101
105
J-D
refund
98
102
—
110% 110%
111%
A-O
-
JAWisconsin Central 1st 4s;
.
•,
J961
,cren
31
88
*108%
/
-•
M-S
1977
1st mortgagees— —1958
Winston-Salem S B 1st 4s
—1960
•
*
i'I )
Standard Oil N J deb 3s
Tenn Coal Iron & RR
gen
6
*119
J-D
-
.
Wheeling & Lake Erie RR 4s„^ —1949 Wheeling Steel 1st 3 Vis series, B —1966
1
98
16
103
Terminal Assn St L 1st
34
100
_2
—
102% 102%
L;
91
82
49
9
F-A
Superior Oil 3 Vis debs_
1
Swift St Co 2%s debs—.:
gold
West Va Pulp
<
,
106%
92%
41
Stand Oil of Calif 2%s
Studebaker Corp conv deb fis
6s called bonds (Jan 2, 1944)
5 %s. series
Registered
.
&
89%
68%
99% 100%
50
23/4
*97%
102%
J-J
1952
West Shore 1st 4s guaranteed— —2361
99%
147
99% 100%
100%
70%
82
104% 105.
73%
Apr
—1966
88
A-O
nSpokane .Internat 1st gold 4 Vis—2013
debs
25%
66
58 3A
—1955
gold 5s
cons
4s
gen
''
■
J-D
'
"
Westinghouse El & Mfg 2VaS— —1951
69%
J-J
Stamped
Ry 1st
Southern
'
.
46
38
37
,
.
F-A
1966
1st 4s——
30-year 5s_—
%r
61%
———1948
1950
ref gtd 4s
ref
25-year
933/4
92
Maryland
A5s assented-
Wilson
South Pac RR 1st
—1963
Western Union Teleg gold 4%s_.
M-S
—1981'.
secured
F-A
F-A
1967
f AWestern Pacific 1st 5s
J'109%.
1969
-
-
Gold 4Vis>
San Fran
1Q5"
—1968
-
Gold 4Vis
93
—
99% 100
100
Q-M
—1950
mtge 3%s series I
1st &
107
1977
(Oregon Lines) A
Gold 4yas
J-D
—1949
—
.
123%
107%: 109%
2
Pacific Co—
Pac coll)
registered——
1st 4%s
105%
,123
__
-TII.tS-7.
(Cent
4s
-;.w
104
1947
—
.
Colo Power 6s A—_
Ltg 5s stpd gtd
mtge 3%s
West Penn Power 1st 5s E_
61
103 3/4 1033/4
J-J
A-O
„
.
Vi
1027/e 102%
A-O
.—1955
Warren RR 1st ref gtd gold 3%S—2000
1948
Washington Central Ry 1st 4s„
1945"
Washington Term 1st gtd 3%s_
1st 40-year guaranteed 4s
—1945
•:
387
•
1979
Tel 3%s
Tel &
debentures—
3s
Southern
1
*32
30%
15
1,866
993/4 100%
1033/4
A-O
Walworth Co 1st mtge 4s
100% 100%
51
1980
291%
100%
F-A
*32-
*32
30 3A
100%
A-O
1964
1963
34
A-O
& gen 5s series D
Western
Socony-Vacuum Oil 3s debs
Sourh & Nor Ala RR gtd 5s—
34
'
F-A
1978
—
143/a
J-J
F-A
34
—1970
gen 5s series B
-13%
-24%
F-A
1952
mtge 4s inc series A
.AGen mtge inc 4%s ser B—
'
412
*
J-J
.1950
debentures 4s——
Co
Simmons
26%
253/4'
deposit
of
42%
20
1945
Alst
97%
59%
126%
24
41%
38
>
fSAAtl & Birm 1st gtd 4s_——1933
97%
Apr
Apr
106
123
'
A-O
.—1950
1950
A Adjustment
5s__———-Oct 1949
§ A Refunding 4s
;
1959
—
J-J
1981
1991
mtge 4s series A
1023/4
:dr>.
M-N
fSeaboard Air Line Ry—
ACertificates
1971
tAWabash Ry ref & gen 5%s A—>1975
1989
1st gtd 4s
N E
&
1941
.>1952
Scheniey Distillers 4s s f deb„
Scioto
:
103
100Vi
73
Power St Light
l6i3/4
303
75%
3
13
70
71 %
89
J-J
>1989
102%
*101% 102%
May 11955
2.55s.
102
101%
M-N
—NOV
:■>
-
101%
*101%
1 1953
1 1953
—May
.90%
M-S
J-J
102%,
•> 1013/4
94%
90%
102%
May 11954
———:
2.50s
r
*101
United Stockyards 4%s w W—:
& Trac 1st & ref 5s_-
95%
M*-N
101%
M-N
M-N
Utah Lt
M-N
101
.
2.40s
,
.
62
102
K
67.
61%
102%
100 3/4
101%
i.—,-May 1 1949
——
2.60s
*__
943/4
100'/a
'
2.20s
:
107%
105%
'
!
105 Va
104%
..i.———»i—-Nov. 1 1949
2.15s
—i— ->._May X 1950
108
*~
;
,
'
\
Corp—
'
2.10s
153/4
99
__
9
M
"
:27%
certificates
bond
4s
108%
A-O
United Cigar-Whelan Stores 5s—1952
84
■
1st
105%
1955
86
45%
ACertificates of deposit stpd
tSt Louis-Southwestern
111
431
deposit
of
106%
45
J-J
series A
3
A-O
1950
series B—
lien 5s
A Prior
97%
58%
—1950
Fr pr lien 4s A
ACertificates of deposit
t A St L-San
97%
29
16
1948
stpd—
St- L Rocky Mt St P 5s
21
79%
1959
1955
tAai L Peor & N W 1st gtd 5s
L Pub Serv 1st mtge 5s
St
52
109% 109%
:
>>■',"
108 3/B
102%
78%
deposit
of
Certificates
108
102
79
90%
stamped
4s
16 Vi
102% 102%
M-N
J-J
.
gold 6s_—
112%
9%
...
J-J
-
2d
'
V
-
2.35s
}St Louis Iron Mtn & Southern—
A§Riv & G Div 1st gold 4s
^1933
ACertificates of deposit——
110%
111%
143/8
1053/4
2.45s
.
117
107*%
*—
1st & land grant 4s
..1947
34-year 3Vis deb___
__1970
35-year 3%s deb————1971
.
.
116%
105%
99V4
j. j
;
Saguenay Pwr Ltd 1st M 4 Vis—1966
St Jos A Grand Island 1st 4s——1947
St Lawr & Adir 1st gold 5s
—1996
117%
106% 106%
U
Union Oil of
98%
*116
106%
222%
109
R
Reading Co Jersey Cent coll 4s
1951
Gen & ref 4Vis series A
—1997
Gen & ref 4%s series B__
1997
J-J
149%
2
.12
2221/s 222 i/a
A-0
M-S
109%
JL45 V2
—
J-P
1949
1953
J§ A Union Elec Ry (Chic) 5s_»
Isi
Tri-Cont Corp 5s conv deb A
Union Electric Co of Mo 3%s
Vis—.—1968
Pubic Service El & Gas 3
112%
125
102%
10
105%
110%
113%
103%
»
105 Vi
88%
14
A-O
104%
104% 105 %
28
104%
M-N
105 7/a
105 % 106
31
1053/s
107
§Negotiability impaired by maturity.
tThe price represented is the dollar quotation per 200pound unit of bonds.
Accrued interest payable at the exchange rate of $4 8484.
'
'
.
tCompanies reported
being in bankruptcy, receivership, or reorganized
the Bankruptcy Act, or securities assumed by such companies,
106 %
88
94
e Odd-lot sale not
in the year's range,
r Cash sale
d Ex-Interest,
•Friday's/bid
-
A Bonds
as
and asked prices; no sales being transacted during current
selling flat.
"
under Section 77 of
week.
'
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4235
158
2277
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
In
footnote
a
the week
in
27
and
which
in
In the following
Nov.
ending
Friday
Week
Ended
'
3
Dec.
Range
Aero
Co
20
Blumenthal
22 %
July
Sep
Bohack
Accessories
Investors
3%
3%
1,100
3%
Oct
7%
500
5j/2
Jan
9
7
7
200
5
Jan
preferred
July
2%
1
%
6,000
1%
Feb
1%
2
8% May
4% May
700
1%
Jan
Jan
——10
35%
Great
Southern
Alabama Power Co
$6
..50
.—
400
100
72
50
102
114
113
preferred—
$7
2%
92'/2
7%
2d
$5
Alles
Products
Class
A
3%
1
(Mich)
Oct
i
3%
Apr
10
Jun
28% Mar
100
23%
Jun
29
4,500
.31 y4
Nov
35%
1,550
.106%
Jan
100
..13%
Jan
18%
Jan
11%
Sep
25%
25%
..25
Dec
.i..... .100
preferred
Aluminum
Goods Mfg
Aluminum
31%
32%
Aluminum Co new common™.
33
110% 111
111
•
18%
18%
Industries common
Ltd
Aluminium
6 'Jo
—.
common
American
Box
Board
American* Central
120
109
Oct
2 Va
July
Jan
20%
Jan
200
4%
Jan
8% May
1,400
X4%
NOV
9V4
150
28%
6%
x4%
...1
Mfg
Mar'
Nov
Dec
100
•;
,
6%
x5
33
class
Class
A
A
Class B_
Am
dep
rets
10
& Foreign Power warrantsFork & Hoe common
•
Gas & Electric
10
non-voting
B
Brown
Fence &
Class
A
Brown
$5
American
American
American
100
preferred
4% %
34%
37%
2'/a
3,000
Jan
45
July
$1.60
37%
39%
8,400
36%
Apr
%
Jan
47% July
3% May
Bunker
Jan
17 y2
Burco
common—10c
$2 convertible preferred
—1
$2.50 convertible preferred
1
American Hard Rubber Co,
25
American Laundry Mach
1
20
American Light & Trac common
25
6%
preferred
—,
25
American Mfg Co common..
100
Preferred
100
American
Maracaibo Co..
——1
1%
14 Va xl4%
350
25%
11,800
It
24%
25%
Potash & Chemical
American
10
-2
Republics
American
5%
5
32%
American
Seal-Kap
American
Superpower Corp common..*
common...
29% July
19% Jan
93 Va
Jan
Jun
112
July
1,800
32%
75
:
3Va
28 y2
36%
Jan
24%
25
17%
17%
23 %
20 %
Jan
2,100
36'/a
36%
46%
150
"i
~T
~i%
28
Jun
July
13
Jan
19'/a
Sep
Feb
26%
25
Jan
39% May
Jan
89 y2
Oct
%
Jan
1%
Oct
20%
Jan
26 %
Sep
44
NOV
57%
Jun
80
48%
125
10%
3,100
5% Jan
13% July
2%
9%
10
Buffalo
preferred
preferred.:
—•
*
American
Thread 5%
American
Writing
Jan
$5
800
X3%
X3%
a'a
Jan
"l%
1
Angostura-Wupperman
150
100
800
4
Jan
105 '/a
Jan
17 J/4
July
3 Va
4
Jan
2%
Jan
Jan
300
-
Jan
97%
Jan
5%
5
1% Jan
8%
Arkansas Power & Light $7
preferred.*
3
3%
9%
1,900
3%
9%
10,700
Co
99
Co
Oil
Ashland
Refining
&
1%
Sep
2%
Jan
Jun
111
Aug
5%
Jun
6%
Jan
Inc
$3
American
(P A)
Voting
trust
&
American
.1
Calamba
Sugar
Calilorwa
Callite
Tungsten
Camden
Fire
Fisheries
Coast
Canada
Cement
Atlantic
Coast Line
Canadian
Car
Industrial
Class
A
Class
B
Drop
4%
Jun
Jan
6%
100
Jun
10
Jan
6%
7
July
17%
Dec
Feb
lVa
1,400
Atlas
Plywood
Feb
Feb
3%
Jun
8
Vs
2 %
80
7%
Voting
Capital
City
Carman
6%
Jan
Sep
Avery
6%
(B F) "& Sons common
preferred-.
Patoka Collieries
Ayrshire
40% May
Jan '
'
600
%
Jan
2% July
100
5%
Nov
8%
11%
3%
—5
——--25
1
28%
10,000
3%
4%
Jan
8% July
Apr
11%
1,500
3%
200
2%
Jan
5% July
4%
400
3%
Jan
6
Jun
11
10% Nov
12%
Nov
9%
9y»
100
4y4
20 y8
20%
125
16%
Jan
23
Sep
10
20%
Nov
Jan
2
May
Jan
x20
1%
1%
75
400
8%
1%
9
400
148
July
Oct
Nov
6%
Feb
Jan
7%
Jan
10
10%
Jan
16% May
82
350
11%
2,900
29
29
8,900
Jan
Mar
50
1%
1%
3%
2,800
Oct
13 Va May
Apr
25
200
3%
31% May
1% Jun
fe J an
%
Jan
2%
3%
99%
Jan
9%
25c
Feb
4
% July
5% Mar
50c
%
1,600
A Jan
1%
Apr
50c
%
200
Jan
1%
Apr
200
3Va July
3% Jan
£1
1
ioytt
200
5%
Jan
10%
Dec
Jan
5%
1
Assn
5%
200
1%
Jan
3% Apr
7
Aug
7% Oct
4
4 V4
1,200
1%
Jan
6% July
"5% "6V4
5%
10
"4%
5
'
6% %
'
-n-f
-
1
class
"1% ~i%:
1%
•
Co
Corp
(A
M)
Central
Maine
New
Central
Ohio
n%
102
...
8%
8%
96%
95%
97%
109% 109 V4
25
Light
.1
pfd
7%
'
— —
100
Utilities
West
%
..50c
1
5%
4%
.
7%
■
94
98
82%,
80%
1% May
10% May
Jan
4%
Jan
9%
Jan
80
400
64 Va
7%
•
12% "
A
85%
'7%
P & L
Service
*
*
$7
preferred—
City
Controller
Co
Jun
220
73
Z
.
20
20
Sep
92 Va
Apr
4
Jun
97%
Nov
Jan
8% May
Va
Jan
6%
Feb
8
Jun
Jan
22
July
'
♦
....
1
Jun
11%
92%
"
Clark
98 %
96%
76
WW
10
Jan
40
.♦
City & Suburban Homes—
26% Aug
18 % May
Jan
96%
92
% May
Jan
Jan
Jan
48
.
96
July
4%
100
.
8
51 %
3,250
7%
■
•
Sep
84% Jun
Mar
9
3%
21,100
Sep
105
Jan
'
Sep
9
14% Aug
Jan
5 Va
950
15%
"9
Jan
2C 0
.
SO
85%
•
preferred
Auto Stamping—
Apr
Jan
Nov
...
7
10%
12%
•
...
9% Mar
109% Nov
—'
10
preferred
preferred B
Oct
Jan
100
14%
100
preferred BB
Aug
99
A
:1
Mining
116
Oct
Feb
4%
82%
6%
common
Jan
Jan
375
98
5
Consolidated
July
25
4
Childs Co preferred
10
5,700
13
6%
Jan
4%
4%
Chicago Rivet & Mach
...25
Jan
102
-
Chicago /Flexible Shaft Co.
Chesebrough Mfg
21
3,700
7%
13
.5
common
.
Vi.
5%
.
If- —
10
common
Jun
13
84%
140
&
8% July,
Jan
Jan
6
preferred.100
Proaucts
Feb
2%
300
pfd—100
Jan
6%
7%
8%
5%
Aug
Aug
18 % Jun
114%
♦
com
77/a
7
— —
200
9%
2,400
Steel
& South
'•
2,300
„
—
Oct
112
3%
Chamberl)n Metal Weather Strip Co..5
$6
B
Jan
x3%
Power 7%
Cities Service
116
3%
A'rcraft Co
Corp
Jan
!
York Power
Cherry-Burreil
106%
...10
Elec
7% Apr
50 %
20
;
&
23% May
Jan
15%
9%
•
Gas
Mar
5% Aug
—
12
—
13% Nov
38 V4
America™.
of
Power
w.
2% May
Jan
230
..
Oct
150
Oct
jh Jan
200
47%'.
115
115
1
common.
& Co
Hudson
Cities
Oct
9%
7
46%
47%
•
common
Co
Central
$6
5%
22
"7
*
Corp
60c
Oct
Jan
4,300
——
1
$6
5%
3
•
A
Carrier
"
Jan
140
100
.
•
Chief
Aug
3Va
•
Carolina Power & Light $7 preferred
$6
preferred
Cessna
23
22'/4 Aug
—
Alcohol—
•
July
4%
84
60
4 %
15
'
15
common
Central
i%
ii%
26%
Oct
5%
3,900
95%
Products—-
Co
&
Carnation
Central
6y8
;*
Machine
79
14%
preferred
Sep
May
8Va
1
Products..
Automatic
21%
78%
Sep
Jan
11%
12 %o
Canadian Marconi
May
1%
-
Aug
July
Jan
93%
voting
Nov
6 Va
1
Corp.—,
Automatic
25
30
8
8 V's
.—5
22
Aug
Industries Ltd—
Castle
12%
1%
—
19%
20'/a
I 5% Aug
1%
•
Aug
69%
—A
Corp
warrants
Forge common:
Rayon
Atlas Corp
Arias
July
18% July
11%
-
non
Canadian
Charis
Atlantic
■
200
11%
voting
10%
25
30
Jan
200
14
pfd—100
Foundry Ltd—
preference™
25
&
Participating
6% Nov
%
50
33
Jan
14%
22
3%
3%
13
14%
94-%
Products...
•
Co
30%
'
—
*
Co Ltd
Casco
'
—*
—
—
.2.50
Corp
Sep
•
Atlantic
Apr
May
12% May
Power—
Insurance
Apr
1,100
5%
75
>
5
Power
(J W)
300
5T%
Jan
10% Mar
■
—
—
--
—
25
*
Electric
Carter
5%
5%
200
5
pfd—
Estate...
99 %
pfd. 100
& Coast RR Co
■*
11%
•'
■
..
*
dep rets 5%
10% July
Aoaociated Tel & Tel class A
Atlanta Birm
44 Va
11%
Sep
1
certificates
Jan
17%
•6%
1%
iV Feb
*
—
Wireless—
Jan
5%
6%
—£1
America—
700
1%,
Oct
7% May
Feb
.i
common
Central
rects reg—
dep
1%
Va
2% Jan
1%
preferred
1%
Electric Industries—
Associated Laundries of
1,500
Aug
Aug
...
Sullivan
&
8%
17%
5%
Breweries of Canada—
4%
Sep
12 %
119
18
preferred
Hill
Cables
May
May
15%
5% Jan
...1
Co—.
Associated
Associated
4
•
88 %
...5
Metal Works common
Jan
17
preferred
1st
Catalin
Art
Jan
61
Jan
common
70
■>r,
7%
7
2
20
1
common
400
97/a
97%
98
2.50
Equipment Corp new—
Aro
170
3%
3
3
-10
preferred
6%
13
108% 108%
1
22%
Sep
1,300
95%
8%
Jun
Jan
Class B
Apex-Elec Mfg Co common
•
Appalachian Elec Pwr 4% % pfd—.100
Arkansas Natural Gas common
•
Common class A non-voting—_—.*
22'/a
~9%
94
95%
•
Cable Electric Products common
Oct
2%
60
100
2
13
12% May
7% Mar
...»
Corp Am dep rets
Burry Biscuit Corp
18 May
2
3%
Paper
Fence.
Post
Anchor
13%
13%
Sep
Burma
5Va May
8,100
12%
preferred
5
common.;—•
2
$6
1st
$;j series
23%
Jan
3
12%
common
Niagara & East
Canadian
~i'(f
%
103% 103%
ik
103%
Jan
7%
7,600
11%
Buckeye Pipe Line
Apr
9,000
48
11 Va
1,700
Sep
Jan
25%
17%
1,000
42% Aug
13%
250
16
Jan
250
rl5%
Mar
6% July
Jan
33
16
•
..—•
Meter Co—
12
Feb
Apr
2
Jan
Brack Silk Mills Ltd
Butler
—
...—-—.—
American
250
108
107
107%
General Corp
American
(E L)
42
1%
xl4%
Wiie
Format! Distillers
Jan
37 Va
r-i CO n"
%
10s
preferred
prior preferred
Jan
5,100
17%
400
£1
rets ord reg
British Columbia Power class A
15%
1%
18%
1
3%
..£1
reg
Ltd—
Amer dep
34%
39%
1
•
9%
♦
ord
Celanese
15%
3% July
"
Nov
%
9
3
*
Co
dep rects ord bearer..™
Am
100
tV J3"
,
9%
•Ai Jvm
2% Jan
'
•
•
A
British
400
10
Cyanamid class A
American
Class
—
—
28 Va May
Tobacco-
38
Oct
82 Va July
Jan
Jan
X8%
..100
Oil
Jun
July
Apr
23
3
•
.
common
American
36%
38
46
*
American
Bruce
—-—-.25
-25
—1
10
400
'
A
B
Mfg Co
Class
Mar
Cities Power & Light—
Convertible
*»**
—
'
class
Brown Rubber
American
25%
•
British
115% July
i7«
common. —1
Co
50
£
100
28
.100
Co
Book
...76
™1
American Beverage common—
American
100
.100
preferred
I I -950
78Va
76
77%
.
74
15% July
11% July
9
IIIoo
British
Nov
Feb
•
.
_
preferred
Brillo
Mar
3 Vc
■
7%
Oct
™6.h.
150
10
IIIo
—.—
Class
Oct
4
24
8
10
pfd_„
conv
common.,
conv
Bridgeport Gas Light Co..
Bridgeport Oil Co
Aeronautical
Corp
100
Hi?"
Jan
r7%
1
•
;
Oct
Brill
6
1
& Pwr
Nov
Apr
•
common
Brewster
110
Apr
Low
300
6
100
.
105%
Jan
Range Since January 1
,
74
•
;
Traction Lgt
Corp
.
•
common
114%
Jan
110
.100
-
&;Fisher Inc common
Allied
Breeze
„
9%
25
25%
25
preferred
High
r7%
r7%
10G
.
1st preferred
Shares
9%
*■«»
•
common
1st preferred
Preferred
Allegheny Ludlum Steel—
7% preferred
Allied Intl Investing $3
Co
Sales
of Prices
LOW
•
Nov
94
Jan
91 %
preferred
& Co
Bowman-Biltmore
Jun
3% July
1% Jan
2%
92V2
2%
—3
Electric Appliance
(S)
(H C)
Brazilian
Air-Way
Alabama
shown
are
for Week
Range
Last
Sale Price
3
Borne Scrymser Co
Bourjois Inc.—
3% July
27 %
50c
■.
1%
5% May
6%
2
Corp
common
Convertible
3%
7%
1
.
Week's
Friday
Exchange
Dec.
Par
Oct
1
(N J)_
Curb
Ended
High
26
Feb
__5
B
Associates Inc
Aircraft
Air
Low
17
York
Week
Range Since January 1
1
Supply Mfg class A
Class
Shares
10
common
Ainsworth Mfg common
Air
range
year.
STOCKS
New
High
low?
have occurred during the current
for Week
of Prices
Sale Price
Par
Acme Wire
RECORD
Sales
Week's
Last
Exchange*
Curb
YEARLY
extepsive list we furnish a complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
the present Friday (Dec. 3, 1943).
It is compiled entirely from the daily reports of the Curb Exchange itself, and is intended
STOCKS
York
they occur.
security, whether stock or bond, in which any dealings
to include every
New
AND
the week's range unless they are the only transactions of the week, and when selling outside the regular weekly
No account Is taken of such sales in computing the range for the year.
deferred delivery sales are disregarded in
and
WW'
13
50
'
...—
19%
common..
4%
Babcock & Wilcox Co..
20%
19%
1,200
19% Dec
26
Jun
13,400
2% Jan
7
May
Baldwin Locomotive-
Claude
Neon
Clayton
Lights
Inc
& Lambert
warants for
..30
preferred—
7fc
Rubber
Baldwin
Co common
—1
39%
39
1
__
Steel
S?elig Mfg—
$1.20 convertible A common
Basic Refractories Inc
'Baumann (L) common..
7% 1st preferred—:
Beau Brummel Ties
Stainless
Barium
4% '•
3%
500
29%
Jan
6%
.
6Va
100
3%
Jan
1%
"
*
—
1%
100
%
Jan
39%
Nov
7 Va
May
3Va
Apr
&
Barlow
...5
.
.
—
1
-
—
"4% _4%
4%
•
■
—
1,300
9%
Jan
4
Jan
6% July
1%
Apr
3%
15
Oct
Cleveland Tractor
.Clincbfield
Club
"loo
..10
-20
16
--
„
...1
...
— —
•
6%
14
100
14%
6%
-
14%
400
'
—
2%
.100
127%
3%
Feb
7%
Jan
21% Mar
—
-.1
Jan
50
6%
Coal
:___
•
Co
Colorado
Sep
Colt's
15% July
'25
July
Fuel
Patent
Columbia
Benson
common
of Canada
Bell Tel
&
Hedges common
preferred—.
warrants
2%
127
—25
Arms
•
Fdy & Mach Co com..*
common
J;
•
6%
B'rdsboro Steel
Blue
$3
1
common
Ridge Corp
common
J,
...
optional convertible preferred
For
footnotes
see
page
5
Mar
Jan
136
Apr
Community
Public
Service
2£
Water
Service
45
Jan
2281.
1
*
14
1%
41
3%
Mar
Mar
~5%
26,900
1%
~6
~6%\,
2,000
3%
Feb
2%
4,100
lVa
Jan
Jan.
41%
41%
44%
800
41%
51%
54
180
24
) I
42
Jan
%
Jan
1% July
100
9% Mar
13% July
-7
,
300
6
10
Jan
14%
1,900
1%
2,100
43
600
10%
Jan
ft Jan
37%
Jan
Apr
9% July
16% Mar
3
May
50
July
Commonwealth
V
t
Conn
c
St
Southern
extended to
Gas
&
1946
Coke Secur
common
$3 "preferred
Consolidated
Biscuit
4%
series B
Co
common
preferred
preferred series C
Consolidated
Gas
21
'33
9,800
250
3*2
Utilities
July
1%
Jan
Apr
11% July
7% Jan
9%
9%
9%
200
%
Apr
26 V2
4
4%
700
2%
Jan
Jan
27%
4%
1,800
56%
Jan
67
July
Jan
121
Jun
•
63%
100
115%
61%
"4%
63%
115% 115%.
106
100
1
Sep
3sa Mar
22
Jan
14
•
1
:
60
1/64 Jan '
"
*
Consol G E L P Bait
4%%
1
20 %
A
1/64
21
July
*•55% Feb
Jan
1/64
warrants
10% July
/ 4'
Dec
54
Dec
Apr
Jan
4
July
11% Jun
•:7% July
Compo Shoe Machinery—
Nov
3% Jan
14%
14
Jan
2
1
Jan
35
10
3,90-0
12%
(E W)
Nov
115%
12%
1
Bliss
2%
100
%
1
Blauner's
1,100
35
Bickfords Inc common
19% July
7%
2
Apr
Jan
6
8
6%
5%
36% Nov
!
100
2%
35
Berkey & Gay Furniture
Apr
28% May
Electric—
5%'preference
127%
*
Convertible
600
2
33
.
"3% "3%
;
"4%
1
Community
Aircraft
Bellanca
1,400
£1
Fire
&
11%
...
.
& Iron
Gas
11%
•
ordinary
6 % preferred
Colonial Airlines
Nov
Co
common
Colon .Development
11%
—.100
Utensil
Plow
150
36
1 Va July
Jan
-1,000
35%
"3%
.*
common
%
5%
%
%
.4
Corp
Aluminum
Sep
'
*
„
—
common
convertible preferred
$1.50
Electric
Cockshutt
'
Beaunit Mills Inc
Cleveland
1
Mfg
Illuminating.
"
Purchase
4%
30
103%
106
4%
111
2,300
Jan1
2
Jan
% May
5%
1
Jan
Jun
110%
Jun
5
Jun
THE COMMERCIAL & FINANCIAL CHRONICLE
2278
Monday, December 6, 1943
NEW YORK CURB EXCHANGE
Curb
Ended
Week
Sales
Range
for Week
Last
Exchange
Dec.
New York
Shares
of Prices
Sale Price
3
STOCKS
Week's
Friday
STOCKS
New York
Week
Range Since January 1
for Week
Range
Last
Sale Price
3
Sales
Week'®
Friday
Curb Exchange
Ended Dec.
of Prices
Shares
Range Since January 1
'
Low
far
Consolidated Mining & Smelt Ltd
Consolidated
33%
.—5
—1
Retail Stores—
Textile
Co.-—-
—,
"3%
-loo
200
1%
600
5%' Jan
10%
Oct
1,600
9%
3%
3%
General Outdoor Adv 8%
Mar
pfd——100
General Public Service $6 preferred—* 1
General Rayon Co A stock
—•
General Shareholdings Corp com—1
$6 convertible preferred——
—*
314 Aug
4%
Sep
Gen Water Gas & Electric common—1
3%
Jan
7% July
Jan
107
8%
41
112
Nov
2% May
Jan
7%
—1
Continental Roll & Steel-—
40
100'/a 100%
8%
9
preferred-—-——.——..-100
prior
•
76
Inc
'
100
814
Jan
15% Mar
200
36%
Sep
41
5%
200
4%
Jan
7% May
%
%
1,200
sa
Jan
& Apr
~1%
"l%
1,500
85
86
—50
8
common—...
convertible preferred—
Courtaulds Ltd—
American dep
jrecqipts (org reg)
Petroleum——
I—1
2%
..7
7
25
M
'
7
.
204
.
5% Jan
15% Jan
2%
2%
200
..%
%
%
7,200
3%
,3%
100
1%
4
600
214
Jan
1%
x2
250
—25
convertible preferred—;—
Crystal Oil Refining pommon——
2,000
U
Jan
1914
%
Jan
800
x2
%
6
Feb
% May
500
1%
Feb
1%
Sep
3
8
Dec
10
110%
700
43%
175
100
Jan
112
Sep
Sep
Jan
100
Nov
89%
.
45
9%
9%
100
13%
15%
6,500
8%
8%
100
.
Nov
11% Nov
52% Oct
Jan
Jan
Feb
10%
Apr
4%
11
13%
13
12% Jan
Sep
May
18%
26% Jan
..—•
.
Apr
class A.
50
52
60
x30
30
150
4%
:
Tea^—
v
stock7%
1st preferred——.——..100
Great Northern Paper....—
25
Greenfield Tap & Die.—
—......
Grocery Stores Products common—25c
Gulf States Utilities $5.50 pfd..—.*
$6 preferred..—
——
—•
Gypsum Lime & Alabastine—
.*
common
% May
33% Oct
4% Aug
27
Feb
56
22%
Jan
31%
July
Oct
82%
5% Apr
100
3%
9
83
,
3% Jan
7
,
200
900
31%
1lA
700
3%
3%
100
,
Jan
67% Mar
127% Mar
27% Jan
850
7
Oct
85% July
140
July
36
Mar
5l/a Jan;
1% Jan
10
102 %' Jan-
114
107 ya Mar
7%
Mar
4%
.4%
7,/
28
28
Jun
108
1% Jan
——•
—
aV Jan
July
400
July
12%
Jan
31
%
%
40
Sy4 Jan
96
——•
Consolidated Mines—
1
Mfg Co
..—...150
Non-voting
116
.•>
.
Apr
4% May
Sep
4% Mar
Jan
19%
Jun
Jan
341/4 Nov
3V8
Jan
1%
6%
Oct
72
111
Mar
6
Feb
Hazeltine
Nov
1%
Jan
X66%
74
30
62%
Jan
79% Jun
11%
12
500
x8%
Jan
13
Hearn
5%
5
5%
'III
1,900
Nov
6%
Sep
18
-20
Mar
8%
1% Mar
Jan
4% May
21% Sep
"l
25
Jun
Jan
50
May
Jan
2
May
A
2% Nov
500
200
3%
Jan
100
19%
Jan
*33 % May
3%
400
lVa
Jan
4% May
~6% ~6%
5,600
9%
50
11%
200
1% Aug
9%
n%
11%
8%
8%
27%
27 y4
46
Jan
9
350
May
July
7% Apr
11% May
11% May
4% Jan
6%
100
27%
6
Jan
31
~6%
...1•
Nov
5%
50
—
July
5
Feb
100
26
3%
.5
25c
....
7
Nov
2%
2%
26
Rubenstein—
Class A.
"l
4%
,5%
————
Mining Co.—.;
Helena
19% Apr
Jan
IB
4y8 Jan
17%
42
1
—1
non-vot com..1
Dept Stores common.
convertible preferred
Hecia
Apr
America
Corp
50
5
—
Hat Corp of
July
400
5%
10
25
voting trust. ctfs
Brewing Co
Rayon
Harvard
4% Jun
Jan
Jan
110
Hartford
5%
X21% x21%
8
Lamp Co—
—
Hamilton Bridge Cd Xtd____—
Hammermill paper.
Hartford Electric Light—.—.
Oct
50
10
debenture—————. .100
preferred—-i—
8Va
Jan
'
Great Atlantic, & Pacific
NOV
11%
200
3V8
65
20
24
24%
3
Jan
Jan
8%
300
14%
14
65
6%
Jan
31
110% 111
-
3% Apr
15
Derby Oil & Refining Corp com
A convertible preferred.—.—,
100
100
Mar
18%
Xl7%
..50
Detroit Gasket & Mfg——
July
8%
H
—1
Dejay, Stores.——
Dennison Mfg class A common—. —5
8%
May
2y4 May
76
42%
...—*
———
Hall
prior preferred.!.—
Jan
3%
2
Jan
52%
8%
D
$6
%
70
8%
preferred
—
———
—•
Gorham Mfg common..—.——10
Grand Rapids Varnish—
—1
Gray Mfg Co———.
8
July
100
(Mo)-———-.——. .-5
—5
Darby Petroleum common
——
*
Davenport Hosiery Mills.
———
Dayton Rubber Mfg.———: III1
Class A convertible.-——-—, -35
1,000
74%
74
$3
15%. Apr
2274 Jun
6,500
Lighting Inc common..—- ~2~50
commons——.
B
Gorham Inc
4% July
4% Sep
3%
3
—•
Tobacco
Curtis
July
16%
15%
16%
—5
Cuban
Curtis Mfg Co
Feb
11
—10
Sugar——
Jan
Nov
4%
preferred..
Goldfield
9% Oct
214 Aug
25% Sep
1% Apr
6% Mar
74%
"l% "1%
1%
74
Coal.—..—,———..—*,
Aldeu
Class
$7
1& Oct
,
Jan
•
Godchaux Sugars class A
Jun
30% Sep
10% July
2% Aug
3*2 Jan
"ft
Atlantic
9
Jan
3%
Liquidating Co——
—--1
Brewing Co————
.Crowley Milner & Co—-—-.—...
—5
Crown Cent Petrol (Md)—
_•
Crown Cork international A—----.
preferred
Jan
2%
Croft
$6
Glen
314 May
26% July
4,000
*
Cuban
Jan
25%
Aug
30
Jun
90%
x24%
82
60
•
—
Co
Goodman
£1
-—5
Jan
74
common
i
High
61
Gladding McBean & Co—_—.——*
2% May
Jan
Jan
700
2%
—50
C W
Crown Drug Co common.——.—;
79
(A C)
Preferred
Gilchrist
Apr
10%
Apr
%
128
Nov
13%
•
—-—.
5%
Creole
Gilbert
Jan
11
38%
——
...
13
9
Reynolds——————-1
•
&
$t> preferred A
Cosden Petroleum
15% Mar
Georgia Power $6 preferred..—..——*
", $5,
preferred—
—•
5%
Range Co—Cornucopia Gold Mines.
Corox
101% Nov
11
Copper
Cor; ;0n
Jan
38%
Cook Paint & Varnish Co————...—•
Cooper-Bessemer common
—
3»,
$3 prior preference-———--—.
'
50
73 y4
—
75%
42%
X8% Nov
800
LOW
75%
preferred—..——,
$3
Continental.Gas & Electric Co—
High
Low
ffll"
High
Jan
31
1,900
6
~1% ~1%
1%
Consolidated
Consolidated
Consol
Low
525,
33%
5%
6
—...... -100
preferred
Royalty Oil———. —10
Steel Corp.—.—. —*
8%
High
32
Jan
'
Detroit
—I
%
Gray Iron Foundry——.
Detroit Mich Stove Co common—.
-1
Products———-—.
-10
1414
De Vilbiss Co common————
1% preferred—.
——-—.
Diamond Shoe common.—
-10
22
Steel
Detroit
2
1,100
Jan
Heller
Co
—2
common...
.1
Preferred
Henry Holt & Co participating A.—*
Hewitt Rubber common
.„^5
—
—•
common.——
common———.
—1
Truck
Dobeckmun
Co
com
Bridge Co Ltd.————.
Dominion
5
~5
4%
200
"i
3%
.
7
Jun
Jan
11
Oct
6% May
21% Oct
21 %
73
_———.
Jan
Jan
Holllnger Consolidated G M—.
Holophane Co common
2
114
Hormel
9% July
Jan
8
Jan
700
10%
Horder's
31% Jun
76
Apr
2%
2,200
1%
1014
Duval Texas Sulphur——
78
100
3%
~i
Duro Test Corp common——
Jan
66
75
75
3%
Hosiery class B common
Nov
24
:io
Duke Power Co.;
Jan
6%
56%
-25
Driver Harris Co—
4
Jan
Horn
Aug
(Geo A) & Co
(A C)
Horn &
Horn
is
5%
Mar
22
3
July
11% Apr
common—*
1%
1%
300
12
Jan
4% %
prior preferred—
——.100
preferred!————
—.100
56
56
56%
250
42
Jan
1,100
31%
30
31%
350
19%
Jan
38 y4
20
Jan
Jun
Jun
...5
8%
8%
11%
Sep
25
Jun
6% Jan
90O
8%
32% July
15% Jan
16
Nov
35
common
29%
50
35
35
Jaii
Baking Co.—:
Dec
4% Aug
105
103% Mar
Mar
350
23 y4
111 % 112
110
108%
Apr
27% Apr
115% Aug
19
19
200
14%
Jan
20% Jun
40%
41%
25%
Hardart;—
IIoo
35
3% May
1
—.*■
112
(Harvey) Inc.——. ...5
25%
Feb
■
Humble
Oil &
*
F.efining —1.1—...
Corp..—
41%
1-5
Hummel-Ross Fibre
41%
Dec
4
700
3
Jan
5y» Mar
6Va
•
Ligonier Co..
39% Nov
10,300
3%
4
6%
1 %v
800
5%
Oct
8% July
'
...
Huyler's common...———..
1st preferred
—.
Hydro-Electric
Securities———
Hygrade Food Products.
I—1
1%
300
2
■fa Jan
100
20%
20
Apr
8
Jan
22%
Jun
1
1
Jan
4%
Jun
59% Apr
6%
15%
24%
Dec
20
100
21%
Co common—
Hardart
preferred—
Hubbell
Jan
Inc.—.
Hussmann
East, Gas & Fuel Assoc
20
21%
...
Corp———
Durham
Jan
Jan
30
10
.2.50
Jun
27% July
14% July
Jan
11% Jan
<■»«» ■■ IIM WW. HI
Hoe
Nov
2
*
Dominion Steel & Coal B——
Draper
14
5%
—♦
A
class
Industries
Domestic
300
■iJMii
Heyden Chemical common.—..
(R) & Co class A
10% Mar
Jun
9
•
III
Divco-Twin
30% Mar
Sep
10% Mar
-10
3%
Jan
6
22%
7%
—23
26
Eastern
Malleable
Eastern
States
Iron
25
Corp—
1%
.;
—
"mil*
^
$6 preferred series B
'' '
%
...
$7 preferred series A
•
..——_*
...
%
14
Jan
10%
Jan
30
1014
Jan
29% July
22
——
23
500
36
•
July
1% May
July
100
39%
700
Illinois Power Co common
5 '!o
Eastern
Sugar Associates—
preferred v t c—
Easy Washing Machine B__
Economy Grocery Stores..
$5
Electric
Bond
Share
&
36%
—1
—;
4%
'
4%
31%
2%
100
Jan
43
,y
Apr
Jan
8
7
Apr
14% Nov
2
84
$5
preferred...——
——*
$6 preferred
*
Electric Power & Light 2d pfd A.
*
Option
warrants
——.,———
Jan
42
84
82%
900
87%
86 y8
87%
53
——
48,900
■'3-rr
Jan
49
5,200
53
1
400
8%
Electrographic Corp———1,'
Elgin National Watch Co
—
15
Emerson Electric Mfg——.———4
Empire District Electric 6% pfd—100
Empire Power participating stock—*
Emsco Derrick & Equipment——5
9
26%
'7
/
6%
Feb
105
43
Nov
6y4
Jan
12% May
ie
Jan
July
300
1%
7,200
29
5
'
29%
5
-'C'
'
.
250
2214
Jan
5>/a
:
17
900
2!/4
Jan
31 %
100
25 Mj
600
""fiSfMs/
.,*^5%.
Jan
17%
30
7
Jan
s.fi
4%
1,500
1
43 y4
900
25
Jan
45%
8%
1,300
3
Jan
10
Oct
10%
450
16%
Apr
10
10%
n%
11%
200
Cigar Machine
International
Preferred
$3.50
International Metal
Dec
10% July
Jan
24
112
91
Jan
20
Feb
45%
Oct
Jan
48
Oct
%
41
Jan
1% July
15%
Jan
38% July
25
26
75
82
80%
82
550
69% Feb
87%
Sep
14%
14%
14%
300
12 Vo
Jan
16%
Jun
6%
400
2%
Jan
11% May
3
100
1%
Jan
8%
Jan
5
May
14% July
—j_50
Inc.——1
Industries A
—•
International Minerals and Chemicals-
e% Nov
6%
International
Petroleum
Registered
Fairchild
Engine. & Airplane——1
1
Metallurgical———.——
• ;
Fedders Mfg Co.
1————
.5
Federal Compress & Warehouse Co_.25
Fire Association (Phila)—.——.10
Florida Power & Light $7 preferred—•
Falstaff
Brewing—..
1%
Am
7%
XI %
.
14
2,100
3,800
2
12
12
14
....
Fansteel
Ford Motor Co Ltd—
6%
14%
4%
6%
1%
Jan
Jan
24
100
3%
3
—
Mar
62
...
102% 104
104
Jan
29% Nov
57%
Jan
81%
414
800
314
Jan
19%
1,200
15%
Jan
16%
Jan
Jan
'
4
4,/a
70% Oct
104 % Aug
6
Class A non-voting—19%
Class
B
Amer
dep
r
voting—1—
!
rets bearer:
Froedtert Grain
& Malt
15
—
3%
:
common.!—1
3%
17%
——-I
Fuller, (Geo A) Co—
1,100
18
12%
13
43
.'
convertible preferred—.——100
13
,
Mar
2% Jan
11 '/« Mar
750
9
1,250
40
43
56
•
57%
•.
*•
Jan
3
57%
.
200
22%
•*
69%
■'
——
r
70
>
30
Jun
is Jan
7%
200
45
100
24 y4
Jan
32
1
NOV
21%
3%
voting trust ctfs—•
17%
125
7%
17%
7%
10 y8
1% Jan
14% Jan
7% Jan.
y4
Royalty—1,
800
.
Jan
24% Jun
Feb
400
Nov
45 Aug
Jan
Feb
Oct
t9ff July
21
July
30% Apr
2
Jun
,6
% Jan
July
Aug
20%
15
.64
July
ui%:
Co_.L——'——;
Jersey Central Pwr & Lt 5%% pfd. ..100
Apr
Jan
.Cp—-A.—
;; 2>v
iF L)
Jacobs
■
Jeannette Glass
.,
44
3.
Jacobs Aircraft Engine; Co.—i—
Sep
Mar
Jan
%
7% Mar
68%
200
Jan
,'i
6%
.^100
£1
%
97/b
1
footnotes
3
——
page
~
2281.
X
10
3%
400
-
—
•
common
DrAfArrnr1
see
-
'
,
'
•
.
•
,,s3%
4,400
500
,
Jun
!
1
,^
Jan
Jan'
408
":
6%
.2% Jan
66
89
98
Nov
3
800
,4%
97
98
89% Jan
200
79
Jan
13% Jan
.
27/a Jun
'89.
97
Aug
•
Aug'
102% Oct
19% Sep
—
■
-
K
July
82% July
2% Jun
Jan
1% May
Jan
2
Jan
13% Sep
4'/4 May
7%
Feb
8% July
Sep
Apr
16% Apr
'
ifcfi
.M
,4
,1% .2
V 86
..100
preferred..
preferred—
——
Julian & Kokenge Co[—
,
Kansas Gas & Elec 7%
Kennedy's
115% Jan
preferred—.100
14
114
—
-
13%
114
—
14
114
200
20
xl3%
90
116
Nov
123
May
6ya
Inc———-j..——L——-5
?%
Ken-Bad Tube & Lamp A.—i——*
OCA iCij
Fireproofing
10
Jan
1
-
—
%
—
—
For
23%
44%
Jun
1% May
17% Nov
Jan
6%
Iron Fireman Mfg
4% Mar
,45
150
''
70
General Alloys Co
Gen Electric Co Ltd-
& Elfifi
3%
July
9%
Jun
42
29
75.
—
—
WftS
16%
17%
21
% Jan
% Mar.
'
—loo'
UUII
vJC-H
17%
600
,
10% July
21% July
Jan
Jan.
6y8
;
General
6
200
prior
•
VVI,
2§0
1%
1%
•
1%
*
7%
7%
.7%
13%
Irving Air Chute—..—w———.—1
Italian Superpower A-—
.*
May
21% Sep
22
Jun
'
'—;—1—
$3 conv stock
1% Mar
—
(Peter) Brewing Cto————5
Franklin Co Distilling.—————1...
-
14
France-^-
Fox
4%
Xl8%
400
preferred.—'^...
Investors.
£1
4,100
17%
preferred.
*
——1*
Interstate Home Equipment.
——1
Interstate Hosiery Mills.;
——*
Interstate Power $7 preferred.—•
Ford Motor of Canada-*—
Ford Motor of
$1.75
$3.50
1
dep rets ord reg—
■
2,300
17%
17»/«
Class- ,B_.—.——
.
.
6% Jun
150
..10
—
Razor B
International Utility class A
July
29% Nov
,
—
Products
6%
Xl6%
17%
International Safety
13% Nov
Jan
10
500
62
10% Mar
7%
200
1,800
5
Nov
6%
17%
shs._•
coupon
shares...
International
Fairchild Aviation——————6%
Aug
Sep
80
108%
41
41
20
20 Mj
108
108%
...—.*■
series.
Industries
7% July
15% July
15% July
Jan
Jan
16%
Hydro Electric—
International
Oct
9
300
9
Sep
9%
1
common
International
Nov-
10
4,200
10%
9
preferred..—.————100
Insurance Co of North America...—10
Jun
9% Jan
£1
c
5
Jan
5% Mar
11%
11%
7%
SeP
,.^18%
.•
Co————
Industrial Finance v t
Nov
Mar,
Zinc
Indianapolis P & L 8XA% preferred.100
preferred
100
7%
preferred—..
100
Sep
9% May
88
9%
v
7%
Indiana Service 8%
31
Jan
43
50
Ireland
July
29
8%
V '
iy8
9
50
41%
%
9%
Oct
July
2% May
Jan
4%
Nov
40
41%
Equity Corp common———10c
$3 convertible preferred—
1
Esquire. Inc
.il
EUreka Pipe Line common..——50
Eversharp Inc common.—.
—1
26
1,700
105
88%
62
Jan
5% Feb
275
7
,
105
s*a
Jan
Jan
7
300
26%
26%
'
43%
650
n
%
4
v.".
*
preferred
Imperial Chemical IndustriesAm dep rets regis
£1
Imperial Oil (Can) coupon.—.
Registered
—.*
Imperial Tobacco of Canada.——5
Imperial Tobacco of Great" Britain Si
9'% May
84
conv
Illinois
614 Jun
12
V
—
,
—5
S'/a Jun
600
8%
Dividend arrear ctfs_—.
'
.....—1*
common
3% Jan
8%
42
-5
Jun
450
23
22
2% May,
9y4
350
Jan
9%
Oct
5%
Jan
14%
Apr
5% Sep
.5% Sep
July
63
Nov
Jan
49
Nov
Jan
4
Jixn
Key Co common.:...-—-—
.'*
Kings Co Lighting 7%, pfd B..i—.100
5% preferred D
;
-100
Kingston Products————„1
2%
.2%
2%
1,200
1%
—_—1
4%
■4%
4%
3,000
1%
Jan
5% July
Kirby
Petroleum..
62
63
50
45
49
49
30
32
,
Ended
Week
Sale Price
3
Dec.
Klein
Co
%
i
ZIo
.
Apr
12
Oct
Jan
69
4'/a
85
85
July
87/a
preferred
$2
England
New
Haven
New Idea
:.
New Mexico
Lake
Lane
Wells Co
common...
33
10%
11'A
Jan
l7/a
Nov
4%
Apr
N
Y
200
2%
Nov
6
Mar
N
Y
Feb
105
~9Va
Class
6%
l,0uU
9 "A
9 Va
Convertible
preferred
Line Material Co
Lionel
ft
..—
...a
7
1
Class
Groceterias
53
55%
32% July
Jan
12%
11%
300
Lone Star Gas Corp new common... .10
Corp
Jun
Nov
Nov
13
Jan
24 »A
Jan
11%
pfd
Oct
2% May
A
Oct
18%
Oct
Nineteen Hundred Corp B
12%
Jan
16%
Jun
Nipissing
6%
Jan
9%
Apr
Noma
Jan
2%
Apr
North Amer
^ 1 Vs
52
375
21%
Jan
55
Aug
49%
51
1,450
20
Jan
52%
3,800
iJ'5Va
$6
6%
■
25 %
9Va July
110
Aug
29% May
Jan
18%
100
25%
Jan
103
10
108 % 108%
25%
Jan
1
Jun
2%
Jan
Jan
1,200
1%
..
I
Jv
10
86
86
6%
Jan
90
Jan
35
Jan
4
Mar
Jan
Dredging..
*»
24
Memphis Natural Gas common—
Mercantile
common.......
Warrants
—...
Textile
Metal
Corp..
preferred
Metropolitan Edison $6 preferred
Michigan Bumper Corp
Participating
1%
Midwest
Oil
Midwest
Piping
5%
.
28%
300
23%
Jan
34
51 %
Feb
53
Mar
.*
class A
28%
Novadel-Agene
137/a May
xl50%
4%
Jan
21
Sep
Jun
Oct
52
Jan
Jan
.V.'
y,
8%
.
Apr
Jan
class A
Power
% Mar
500
4%
Jan
4%
5
6%
Apr
6%
O.ilstocks Ltd
Jan
8%
Sep
%
Jan
2
Jun
8%
9%
4%
Jan
9%
Oct
9%
Mar
■"-'iV'ZZ1
Zz'•
v:" 24
23
1%
:
,
•
'.''"ZZ
15%
Feb
1%
52
5198
98
Apr
1%
Jan
2%- Apr
Jan
8%
100
.
:
550
20
98
;l
35%
6%
1%
.
19
Jan
14
400
.
1% .V
.
Dec
July
200
u.Z
~2Va
~2Vs
21
200
7%*;.;;7%'.v
~2 Va
Jan
23
'
500
■
1%
.
1
49.
Nov
Jun
Mar
2% July
Jan
2Va
Apr
,>\
Sep
59 % Mar
Jun
90
9%
9%
15%
8%
.
;
-2%
3,700
2%
550
98
Jan
112
Aug
Public
Pacific
167%
16%
28
1st
$1.30
106%
Jan
115 Va
Jan
118
Oct
112
July
5%
5%
18%
600
113% 115 %
130
5%
300
22% May
Nov
Jun
15%
Dec
16% Aug
,
Oct
19%
Apr
55% July
Jan
110
Feb
117
May
7
Jun
8
Feb
3%
Jan
8
Jun
3%
~7
~6%
Jan
7%
Jun
14'A
Sep
100
28
>
360
100
•ft'
25
ZI%Zi%
_oc
1,300
5%
1,500
8 % July
Motors
132%. 132%
10%
X6
10%
6
preferred
—.1
Penn Gas & Elec class
$6
&
Power
Jan
13
July
21% May
Penn
Traffic
Nov
7/a
Jan
Jun
4
1% May
Mfg
Pepperell
49
pfd...—•
100%
National Mfg & Stores common...
49
11%
11%
11%
Co
Mfg
Rubber Machinery
—
Refining
5%% preferred
National Transit
Sugar
Tea
—
15% Nov
23 'A
Jan
33 % July
Jan
2% Mar
1%
6"%
.12.50
30c
2281.
103 %
32%
Apr
3%
Jan
5%
Sep
4%
4%
9,200
65%
50
102% 103%
125
160
160
4%'Jan
Jan
Jan
Jan
4,700
120
...
Phillips
Packing
Pierce
Gold
pfd
10%
123
25
123
33
33
Apr
Inc
May
15 %
2
Mines
—
&
Alexander
Power Corp
Nov
Premier
Sep
Prentice-Hal1!
Gold
Feb
54
July
8%
Jan
12
Apr
4%
Sep
Pressed
5,900
.200
8 Vs
13% Jun
21
9%
1%
102
July
Jan
11% NOV
6%
9%
10
600
6%
Jan
13
1%
—
1st preferred
l,boO
1,300
May
Nov.
12% Nov
9%
Jan
21
7
Jan
Jan
11
1%
%
Nov
Jan
8%
13%
May
Apr
Apr
2% Feb
4%
Apr
Public
Service
56 Vs
310
58
10%
10'A
150
91%
92%
1,100
3%
91%
3%
14'/a
14
—
10%
Pyle-National Co common
Manufacturing...
Jan
65 Va July
Jan
14% Jun
98
Oct
10 Va
7% Jun
42%
84% Jan
2%
J an
4% Jun
8Va
Jan
14% Nov
(b
J an
2'A Nov
Feb
10% Nov
4%
Jan
10%
5,700
X6%
100
51/4
5'A
75
22 Va
1,350
25
..
•
10
38
5%
200
6
%
Jan
Jan
34
3% Jan
ft Jan
2,900
V'4
ft
Jan
19
100
7
4
Mar
Jun
Apr
7
Jun
x9,
5'A Dec
3,200
%
38
Sep
15
3%
10%
25
Jun
6,200
"l5/a _2
o30% July
•fjf % ft
.
43
•
Aug
7% July
Va May
8% July
8% Mar
•
20
104
Apr
40
109
Apr
f
Puget Sound Pulp & Timber.™
Pyrene
47%
300
x6%
107
100
100
—
Sep
Jan
12 V* Mar
1%
of Colorado—
$5 prior preferred
2%
Jan
500
107%
114% 115
Puget Sound Power & Light—
Common
Jun
July
Jan
7
1st preferred
3%
56%
7
Gas
Jan
3%
Jan
Va
1 Va
500
1
—1
America.
July
34
6
5,100
7%
•
9% July
38
1%
7
Prosperity Co class B
87%
Oct
10 %
10%
5
of Nevada
30
Sep
22%
22%
*
1,200
Jan
9
1
11'%
5
30
.__*
common.
100% 100%
Jan
Jan
...5
...
Co
of
Sep
34%
7%
Jan
4
8% Jan
Mining
Corp
125
.
21%
;
4%
Inc
Metals
Producers
Jan
104
31% Feb
13% Aug
44%
July
10
of Canada
40
July
69
2,200
25c
common...
Powdrell
35
Nov
3
Jan
6%
..7.50
common
Sep
Nov
Jun
Jun
5%
10
Mining Co..
Mar
%
5%
25
,_1
common—
Pratt & Lambert
Sep
300
•
Meter
Glass...
Co.
Jun
28% Nov
July
8%
1
Ltd..
Postage
Sugar
Sep
173
6 Va
»
common
common
Plate
100
Jan
8%
•
1
Metallurgical
Pittsburgh
Pittsburgh
105
Jan
51 Va
50
50
69 3A Mar
Jan
74%
250
62
25
Co
Securities
Governor
76
150
8%
50
50
l'A
IV* Apr
"6%
Pittsburgh & Lake Erie
10%
3
Jan
500
Pitts Bess & L E RR.
100
1%
Nov
%
40
14% Mar
200
Nov
41
6 Vs
Nov
132%
*15% Jun
1,100
68
Jan
2%
61%
123
Pioneer
Apr
11%
Jan
% Mar
•
Pitney-Bowes
Jan
17%
44
250
98%
162 %
97%
98
62
Apr
Jan
•
Mines
Radio
Oct
Nov
—
Aug
10%
11%
Aug
36
30Va
Sep
112%
16%
37
1
Philadelphia Co common
20 '/a
10%
17
19% July
Jan
•
Pharis Tire & Rubber
Jun
20
_*
•
.10
Jan
27%
100
Co
Nov
Providence
—
Jan
Nov
50
31%
31%
64%
4%
*
Co
9%
-
31%
2.50
8
2% Mar
—«
,
Oct
Apr
26%
9%
20
common
180
150
6,400
9%
6 Va
28% Jan
•
50
Apr
25;
July
86
Sep
28
•
Power Co
Circle
Perfect
18
50
•
*
....
900
•
Jan
163
Jan
100
19% Aug
J.
Jan
14
150
17
•
Co...
Penn Water &
35
10%
24 %
16%
$7 preferred
Light
4%
xl4%
10
•10%
24%
16%
com
A
Sep
3%
•
preferred
Polaris
x25%, 26
Nov
5%
Feb
7,200
24%
25
Pennroad Corp common
1
Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred
*
Pneumatic Scale
1%,
7%
7%
1
Pleasant Valley Wine
1%
Oct
99
6
"7%
A
Salt
Jan
—*
110
Jan
...1
Corp
Sugar Prop
4%
200
73
Jan
Jan
102'A
72% Jan
..10
Penn
57
1%
50
36% July
33% July
15%
Rig &
Penn
9
.
240
96
95
Jan
3%
Reel
Patchogue Plymouth Mills
Peninsular Telephone common
$1.40
104% 106
106
Zoo
Co
Parkersburg
Jan
Jan
Service
Nov
13%
5%
5%
8%
900
34%
34
31
28 %
34%
preferred
Paramount
Phoenix
—
■
200
..25
Phila Electric Power 5%
.10
page
106
48
114%
Page-Hersey Tubes common
Pantepec Oil of Venezuela Am shs_.
13'A
Jan
5%
City Lines common———50c
see
Jan
Dec
1% Mar
•u 17%
preferred ——.—.
25
/National Candy Co..
—...—1•
footnotes
Jan
91
18%
5%
..25
1st pfd
Lighting $5 preferred
Power & Light 7% pfd
Jan
1,000
:
16%
National Bellas Hess common..
For
Jan
17%
common
preferred
8
ft 5%
.National Breweries common—...._—•
Union
Co
1st
Potrero
National
Jun
2%
150
390
1
Can
Penn
100%
165
——
National Tunnel &
5%
800
19%
•
Gas & Elec 6%
5 % %
Parker Pen
8
28
Ltd
3%
19%
107
50
•
B
Pacific
6% July
x3%
100
N
Car
27 Va May
112 % 113
113
15
common
Securities
Plough
Steel
8% May
Jan
3%
19%
1
Overseas
4% Mar
500
1,400
8,100
Co common—
preferred
—__■;—,.—100
National
common
Oliver United Filters
Pacific
1%
Muskogee
National
1st pfd
Omar Inc
Pacific
7%
Mfg Co.—
—2%
Muskegon Piston Ring™————.
National
1%
.
*
ICO
ICO
100
5
preferred...
$5% conv prior preferred
1% May
5%
Murray Ohio
National
Jan
16%
103% Mar
•
common..
$3
7% Mar
1%
States
Power & Light $6
B
Oklahoma Natural Gas
Jan
-
Dakota Utilities—.— ...10-
National Refining common
Nov
4%
2,600
104% 105%
3%
4
class
$6
1st preferred
Sep
6%
Power common.
.—..100
Mountain States Tel & Tel-
National
112
1,900
22%
22 Va
*
Corp.
Ogden Corp common
%
5%
.14%
preferred.
Aug
0
5%
100
common.— ZIi
Society A—....... ..._i
convertible
104
111% July
Jan
9%
1
Producers.—
$3
Jan
102% Mar
"5% ~6
6
25
;
30
102 % 103
102 %
Sep
Apr
A
108
30
;
%
200
Pictures
National Fuel Gas
Jun
82
50
Jun
1%
"
City Copper common...,
National
6
37/a July
40
Jan
7%
ZIi
.
2 Vs
Jan-;
1
1% Mar
ZSO
Voehringer common™.
Corp
Feb
Nov
4,000
110%
*
Supply™..—.
112%
%
■;— —10
Mountain
Nachman
1% Apr
4
1% May
Jan
5%
50
———-
Mountain
6%
% May
'
pfd.100
100
preferred
States
Jan
% Feb
5
Co..
Jan
5%
Moody Investors partic
Mountain
50
*
Texas Oil
Central
4% May
%
Montgomery Ward A——
Montreal Light Heat & Power.
Mtge
Jun
28'A
95
common...
Public Service
5%
23
.pfd
Bank of Col Am shs
4%
Sep
Power
200
ft"
Monarch Machine Tool.
Montana
3%
July
July
Ohio
1,100
Public Service common..
Monroe Loan
% Jan
700
1%
34
Jun
5
100
Mississippi River Power 6% pfd_. ..100
Monogram
Apr
9% July
1% May
Jan
Pacific
'
Mining &
Mock Jud
Oct
12%
Nov
22%
Apr
2%
1,000
%
shares...—:—•
Molybdenum Corp
104%
Jan
8
400
87/a
Jan
2%
xllO
Canada.—.
—
Mfg.—......
Minnesota Pwr & Light 7 % pfd— ..100
Missouri
Jan
8%
91
10
400
28%
2
Jan
1,100
Feb
14 May
6 Va May
5,800
8
8
ft
ft Sep
3% Jan
.,
10%
x9%
1/128 Jan
300
1,200
Va
5
28%
Jan
28
Mining Corp of
Minnesota
10,600
4%
103% 103%
•
Jan
°1%
<
Co—
&
1/64
4%
76% July
98
preferred
4%% preferred
8
1%
—-1
Refineries—
Mid-West
70%
1/64
83a
Jun
83% July
Jan
Co
125
2%
common..
Abrasive...
70
%
"9%
3%
•
Jan
Jan
Edison
30
1%
2.50
___•
Midland Steel Products—
Mid-West
Jan
42
asa
Brass
%
10
Micromatic Hone Corp..
1
Middle States Petroleum class A v t c.l
Class B v tc
—...—.——1
Middle West Corp common:.—.—
5
Midland Oil Corp $2 conv preferred—•
Co
54
30
52%
Ohio
98'A
—25c
15
•
Michigan Sugar Co.
Preferred......—..—..i.—
$2 non-cutn dividend
1,500
79
.
Michigan Steel Tube....
Midvale
75%
Sep
58% May
1% Jan
47,500
2%
2%
2%
111%
800
Ohio
2,300
l/o
3%
44 %
5%
5%
...—100
—1
A preferred..
6%%
Messabi Iron Co...—
Jan
95%
i3o
700
2%
44
44
...•
Scott
&
Jan
36%
90'A
Aug
*
Chapman
May
Nov
102 Va
110
800
900
47/a
100
139% 142-
3%
»
Merritt
23
xll
20
56
12%
1,800
6% May
500
Q
8%
139%
5
Stores
n
6■
r
2%
2%
—
Co———
&
Johnson
July
%
Jan
3%
300
n
6
Massey Harris common
McCord Radiator & Mfg B—....
Mead
105
4%
Ohio
McWilliams
Nov
Feb
109
79
Jun
2
4%
4%
Association v t c— ..—1
Mass Utilities
113
Jun
11
——
Steam Shovel
Marion
13 % July
Jan
102
130
Com-
Ltd
Co
Margay Oil Corp
24% May
Sep
57
26
Mapes Consolidated Mfg Co
Marconi
International
Marine
munication
1 'A
;
%
2%
1%
optional warrants..
Jan
18
170
prior preferred.—
North American Utility Securities
1%
8% May
4%
North Penn RR
Mangel Stores——
$5 convertible preferred
Manischewitz (The B) Co.—_—
100
Jan
%
6%
Northern
Feb
2%
4%
Nor Indiana Public Service 6%
M
July
4% May
1
preferred
B
4
31
Light & Power common..1
North American Rayon
Northern
Manati Sugar
21
12 Va
1
5
Mines
Electric
Class
68% Mar
Dec
55%
56
Oct
x6 '/a
6%
•
Za
common
ft
1,700
51.
—1
'
-1%
1%
Jun
Jan
108%
12%
•
...
250
Oct
Jun
9
217/a
Jan
1%
95%
5
,..100
preferred.;
5,200
Nov
110%
Jan
% Jan
63
150
109 % 110%
-
Niagara Share class B common
Niles-Bement-Pond
7
10% Mar
10
100
100
optional warrants
8V4
;
•
51
6
21
optional warrants
Class
13
28
pfd.100
.100
preferred
A
Class B
18%
100
2%
2%
1
15%
8
..
54
11% May
4% Jan
1,500
preferred
2d
Class
%
15
Lynch
5%
Jan
7%
-.5
preferred class B
Louisiana Land & Exploration
Louisiana Power & Light $6 pfd
Water Service 6%
1st
87%
2,100
2%
Niagara Hudson Power common
5%
17%
_•
Long Island Lighting common..
100
1% preferred class A
.....
60
200
6
400
preferred. .100
•
1%
preferred
% May
.
24%
.25
.
6%
Power & Light
N Y
Oct
9% May
.
700
A—.
Steel Chain...
Locke
53% July
18
Sep
18%
..10
N Y State Electric & Gas $5.10
Nov
22
Jan
ft Jan
Brothers common.
Loblaw
5% May
25% Jan
9% Jan
1,025
48
/
6
N Y Shipbuilding Corp—•
Founders
shares.—.
100
11%
..10
...
Inc 6% preferred..
Jan
-10
Jun
10 rV 10%
10
Jan
5%
Rosario..:
Jun
2
Feb
4%
4,100
26
26
1
,——
Corp
Lipton (Thos J)
Lit
12'/a
;—25
(R G) Inc—
Le Tourneau
6,800
Honduras
N Y
5% Mar
% Mar
100
X7%' '8%
7%
Nov
common.
11%
Feb
2%
•
Lehigh Coal & Navigation
Leonard Oil Development
Co
21
Jan
19% May
1%
1
_•
Realty common
X6%
106% 107%
107%
1
Merchandise—
$6
—.—..—_——*
B
100
Nov
100
1
45%
48
City Omnibus warrants...
&
14 3A
8%
500
4,300
Langendorf United Bakeries class A„•
Lefcourt
Apr
Y
2
6%
2% Feb
N
2%
.100
...
Auction
Y
2%
~2V*
5
Jun
Jan
*
N
2
1
Lakey Foundry & Machine™..
Lamson Corp of Delaware
Lane Bryant 7% preferred
520
31 %
.
11 Va
...1
Mines Ltd
Shore
32
.100
(N J).
RR
Nov
6
3%
18
Land-
Arizona
&
Dec
100
"Z»
"I25
New Process Co common
Lackawanna
86
—z*
Co—
Jun
39 %
Sep
Nov
1
.100
Tel & Tel—
Clock
Inc common
New Jersey Zinc,
Jan
114
preferred
New
20%
Feb
1%
Nov
L
28
104%
4%.
X6%
Z*
Z*
loo
England Power Associates.
6%
14% May
Jan
4'/8
200
...
4%
«
(Herman)
High
Jan
10
86
..Is
Nestle Le Mur Co class A
Sep
Low
12%
_«
Oct
85
Range Since January 1
1,100
28
110% 110%
ZlOO
*
1st pfd
Feb
10
104%
12% Mar
1% ~8%
—1
preferred
Corp
Neptune Meter class A
New
..10
special preferred
Co
Brewing
Nehi Corp
Nelson
9Va July
Jan
Feb
92
40
104
103
.100
Kress
(S H)
Oct
10
103'A
...100
Kresge Dept Stores—
4% convertible 1st preferred
Kreuger
16
—
preferred
Nebraska Power 7%
Apr
200
200
8%
8%
•
Inc
Stores
Koppers Co 6%
8%
l
Knott Corp common...
...*
24
28
Shares
Hiah
Low
:
Co
Navarro
9%
100
xll
xll
Oil
Sep
%
Jan
%
.
Sales
for Week
Range
of Prices
Sale Price
3
Par
13%
common—...
(I B) Rubber Co
Kobacker
io
eoo
Dec.
High
LOW
*
Emil)
(D
Kleinert
:
1
Klrkland Lake G M Co Ltd
1
Range Since January
Shares
High
Low
Par
Ended
Week
Last
Exchange
Curb
York
New
Week's
Friday
STOCKS
Sales
for Week
Range
of Prices
Last
Exchange
Curb
Week's
Friday
STOCKS
York
New
2279
& FINANCIAL/ CHRONICLE
THE COMMERCIAL
Number 4235
Volume
10
9%
9%
9%
•
94'A
12%
93%
94 %
*
5
10
12 %
10
12%
10%
10,600
,/
550
400
125
8% Nov
92% Nov
714
Jan
107%
Dec
115
Nov
12 Va
120
Sep
Aug
13%
Apr
15
Jun
9% May
2280
THE COMMERCIAL & FINANCIAL CHRONICLE
Week
Last
3
Dec*
Sales
Low
Range Since January 1
New
for Week
Range
Par
STOCKS
Shares
of Prices
Sale Price
Exchange
Curb
Ended
Week's
Friday
RTOC Kb
York
New
Monday, December 6, 1943
York
Week
Low
High
High
Curb
Ended
*'<'
.
.
Last
fHugoV Corp
of Prices
Low
par
5
*_
Sales
for Week
Range
Sale Price
3
'
fltlnnes
Week's
Friday
Exchange
Dec.
Shares
Range Since January 1
High
ft
Low
500
ft
V4
Stokely Foods Inc common———50c
btroock
6%
Quebec
75 %
240'
79'A
70
.100
preferred.,
Power Co
92
146
_
Jan
Feb
156
Feb
13
Quaker Oats common
; July
13
July
Mar
,•
(Si
Co
Sunray Oil 5%%
conv
oupenor Port Cement
Swan
R
ft.
1%
Radio-Keith-Orpheum option warrants-
1
Voting
Investment A
Railway & Utility
10
Packing Co, common.-,;
Rath
•
Raymond Concrete Pile common
,
12%
j'
&
preferred———,
•
Manufacturing common—50c
21%
2%
2%
Aviation—
—
-1
Rice Stix Dry Goods—;
—i—•
Richfield: Oil Corp. warrants—.
—
Republic
Co v t c—
Rochester Gas & Elec
Cable Corp
Rome
common
21%
%
100
•
91%
108
Jan
2%
200
Nov
Jan
Apr
Apr
12
NoV
4
Mar
.
16
Jan
500
71
68%
71
49%
Feb
71
16% NOV
17%
250
8
'8
400
—1
3
3
500
%
16
3
Apr
8
Nov
;
Nov
5% Mar
Jan
6% Mar
ft Jan
900
%.A 1%
Oct
22
Jan
2% May
3%
1
.
,
3%
•
III
B
Corp
50
50% ft,
Jan
21%
13 %
Jan
20%. Jun
7%
100
Jan
13 %
Oct
52%
Oct
15
Sep
12% Mar
"9%
"9%
4%
15
...
100
Jun
Jan
43
•
com:
8% Mar
:0Va July
common
Texas
—I*
IIoo
—
Power & Light. 7%
pfd
Texon Oil & Land Co—
Shovel
Co
35/a Mar
600
17% Mar
26% July
11%
11%
3,100
65/a Jan
15% July
4%
•
...
Technicolor Inc common
Thew
4%
22%
1,200
22%
Il%
1
common
Tampa Electric Co
Tilo
102
5%
Mar
X6
x6
'
1,200
3%
19%
19%
19%
300
17 Va
Jan
1
'6%
6 Va
6%
900
.—1
1%
1
1%
1,200
2
6
Jun
114%
Jan
—8
common—
Roofing Inc—
Tishman Realty
Tobacco &
Tobacco
7
Oct
July
22%
Apr
—
& Construction-
Allied Stocks—
Product
4% Jan/
Exports
43
ft
334 —3%
—
8%
"ft-
Va ' Jan
...1•
1,100
2V4
Jan
2%
July
5%
Feb
Sep
Jun
62
Jun
Tobacco Security 2'rust Co Ltd—
Amer
dep rets ord regis
Amer
Nov
17
A
5% July
18 Va July
2~%
Aeronautical Co
—
Consolidated Petroleum—.
Ryan
Ryan
"
-
%
Jan
2%
•
Ryerson & Haynes common.—,—
Jan
Sep
4% July
Jan
;;
7%'
1,500
~4% ~4 %
1%
Jan
190
12
Apr
5% May
10%
Jan
s7a
13
4%
50
12%
.1
preferred——50
Sep
150
1,900
13%
ft
Nov
1%
Oct
29 Va July
Jan.,
300
%:
.20
Russeks Fifth Ave
3%
Nov"
1,600
2%
II %
-1
Petroleum
14% July
Jan
%
Mar
.
7
1,600 ;
ft
Mar
51
2%
i'
„5
Root
19
,
Jan
'% Jan
4,800 "
9 3 8',
105% 105% v
—
Co.—'
$1.20 convertible preferred-—
Royal TypewriterRoyalite Oil Co Ltd.
"3
% -■/
6% pfd D—100
—
-*
Roosevelt Field Inc—
2%
;1
v
400
22%
2%
%
17
% Mar
Taggart Corp
3,200
■
Pendleton Inc
Roeser &
Jan
3,700
9%
\\
1
1
Radiator—.
Richmond
Rio Grande Valley Gas
Jan
13%
10% Jan.
5
Engineering—
Reliance Electric &
%
400
2%,
21%
20
16
14% July
Jan /
400
ft
10%:
,2
2%
Co
Roller Bit
Reed
—
19
16%
Jun
2Vn
Jan
7%
46% Nov,
~9Va
10%
1
*
Red Bank Oil Co_
•Ta
.:
100:/
'
v;:.. 14% IB:
"
-
$3 convertible
Raytheon
25,000
; 1%
/;;■/.-A
10
1
common
Oil
20
•
class
1% July
11%
!.
•
12 Va
Railway & Light Securities
Finch
ft
•
Sullivan Machinery—.
Sun Rav Drue Co..
High
Jan
11% Sep
dep
6% Jan
lVa
def reg
recs
Todd
.
Nov
.58
500
53
107
30
102
Mar
107
-
x56
107
57
Shipyards Corp.
Toledo Edison 6% preferred—
11% Aug
3
May
Mar
Jan
Jun
67
109%
Nov
"
7 %"
preferred—
L
Tonopah Mining of Nevada—..
Trans Lux COrp—
ft Jari
3%-ft,
—
Trans western Oil Co
:
15%.
——,
3%.
800
3%
16%
15%
^
6%
500
■; %
warrantsl-.—.
%
„
Feb
4%
i
Nov
-ft
18
Oct
ft ft' ft Jan
-V1% July
8Va July
10
Apr
Inc.
Tubize Rayon Corp commonClass
Jan
Oct
1
.
Jan
1,200
%:'••.
1 %
;.
7% Julv
Tri-Continental
Trunz
116
A
.7%
7%
7%
"4%
—
1,700
1
59%
50O
10%
4l/a
1,250
4'/a
58,
...
Tung-Sol Lamp Works
80c convertible preferred:
ftlOO
4
Jan
39
Jan
1%
ft
73
Jan
6% Jan
Oct
5% May
!
10%
■
ft:
11%
Oct
u
St
Class
St
$2 conv
A
Paper common
Regis
1%
—.
3%
3%
3%
135
136
1
10
9
10
—1
——-——1*
Savoy Oil Co_
—5
Schiff Co common.—.—
•
Schulte (D At common.
1
V Convertible preferred._—25
Scovill Manufacturing——A—
25
2
preferred—:
7%
Oil
Dome
Co
2%
2
%
Lace
Union
Gas
36
Union
200
%
Jan
15%
15%
100
12%
Jan
1%
5,000
%
Jan
.1,150
22 Va
Jan
54
Sep
1,400
25 Va
Jan
32
July
2
2
.,
50 Va '53
27%
27%
3% July
Aircraft
United
2
Oct
Products-—
3% May
3% May
Feb
4'/a May
Jan
3
"8% ft
8
July,
1,400
6 Va
7% July
3 ft" July
14% May
Jan
ft 12Jan
..I*
"loc
.ft
67 Va
1 Va
ft'
4,300
ft
1 Va
—
United Elastic Corp
Jan
1% Jan
3
1,600
ft.
pfd_.—.
Cigar-Whelan Stores.
Corp warrants—.
United
2
300
5
"III
—
common
& participating
cum
United
200
3 Va
*
common
Chemicals
$3
16% July
-
2%
2% ft'
2Va
x3
X3
Manufacturing Co—— ..10
»
of Canada——.,
United
2%
2%
.10C
Corp....
Investment
Aug
44
29%
Apr
Nov
62
-
Jan
7,400
TJ '
•••ft'
%
17
July
67% Jan
1% May
Jan
Jan
ft
ft Jan
10
....
Steel Co
common
60%
*
—
9Va
Convertible stock—
:
9%
900
%
„
1ft
Oct
ft", 6%
A
•
—
67
■
ft May
,:
16
Jan
1 % July
Safety Control
Serrick Corp class B
1
1
$3
United
.
•
Seton Leather common
Mining
Denn
-
ft
10
51%
Jan'
:
72% July
Jan
6%
f
.
■
3%
6%
100
2%
2% ft:
500
May
73
11% ft
200
11%
91
93
2%
•
5
Jan
•
May
Jan
;
%
9,400
%;
ft
ft
52%
2,700
ft)
ft
55
123
Jan
Jan
Jun
July
12 May
U May
8,4 Jun
jft
61% Oct
% Jan
21%
2,800
Jan
Jun
■
•
32
—
25
32d'ft
29%
'
'
ft
*-**
.
■
'
Feb
39 V
July
80
'■
Feb
93
July
10%
regis.
Sharing—.
3% Mar
ft.
4U—»
—
'■•u—ft
*.'*•
250
-
■
preferred.
10
25
Machinery common-
United Specialties common—— —1
U
S Foil Co class B
Apr
U
S
Jun
U S
Graphite
1
$5 1st preferred with warrants.
•
300
4Va
4%
*■■■
.
;
5%
5%
/ft'*— ft'""'
'"ft
•*;
Aug
%
,..,
Jun
Feb
6%
Jan
73%
42%
Sep
47
Jan
6% July
8% July
11"
Aug
400
f
ft
63
1,625
.
Jun
260
,■
Jan
2V4
200
67%
44%
5%.
.
5
•
4%
.
6%
6
66
"■ ''
'im*i'
4%
•ft
Feb
A
1,700
44
67
:
——1
common
and International Securities.
!'+''
■"
•
—25 f-
;
——
%
%
—25c
—
Shoe
Preferred
;
:
Ltd—
•
Profit
4
ft
%
ft
55
preferred
Co
8% July
ft
A..
United N J RR & Canal Co—— -100
July
4 Va
:
115
800
4%
Jan
ft
—
dep rets, ord
United
% May
Jan,
Molasses
United
Sep
2%
11%
ft"u—
5
;
preferred
participating
Amer
1% May
a Jan
%
78,400
—
United Milk Products
Jun
'
Sentry
1st
May
9%
52 %
:-T7';
$6
2%
118% 119% ft
1%
'
,119
non-voting—.
warrants
United Light & Power common
Common class B
Dec
Jan
300
ft
$7 preferred
Option
ft 2%
1
'
July
17
Jan
3
—
■
46
Jan
Va
350
67%;:
—'ft
Allotment
x3%
Jan
10,500
6%
6%
'
ft/
ft
13 Va Mar
'.
-ft;
1
%
%
4%
1,400
.
16 Va July
Jan
; 29%: Feb
.
6,800
"■
7
.
1;Jan
1
ft
500
;
18
7%
4,800 .ft
38
6%
1
5
u—25
Inc common
prior stock
certificates
;
160
x3%
37
38
1
•
—*
Co—
V
61<
9
1
Segal Lock & Hardware
Seiberling Rubber common
Selected Industries
59%
x2V»
-*
Bros Inc
Shattuck
United Gas Corp common—:
1st
•
.
Securities Corp General
Shoe
17%
Brook Water Service—
preferred—
$5.50
Oct
3% July
Jan
Realization
Ulen
Unexcelled
."-1%
preferred—..—
common————•
Scranton Spring
Seeman
i
Jan
2,000
•
11%
Jan
Udylite Corp
Jun
137
Jan
1
Electric $6
Scranton
Selby
3,900
Mills——
Scranton
Scullin
1%
115
275
24%
United Corp common
Samson
Sanford
$6
——
Jan
26,100
V
Sep
16% July
4 % May
'
136
Salt
Oct
1%
2%
Apr
13%
•
—50
;—5
—100
Ltd
pref
Lawrence Corp
ft
4
2%
1,600
Jan
7%
Jan
Va
ft"'
Jan
Dec
Sep
July
'
•
Shawinig-in Water & Power.,
Sherwin-Williams
5%
cum
Silex
Co
_.
25
common—
91
100
pfd series AAA
of Canada
Sherwin-Williams
•
-'.ft
115% 116
115%
•
convertible
$3
common
Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis.;
Sioux City Gas & Elec 1% pfd
Singer
Aircraft
Solar
Manufacturing
Soss
South
Penn
Southwest
218.
221
ft-
— —.
New
Consolidated
Universal
— M
•
".• ft'
2%
'
1%
Wall
Class
Paper—
—2
—
Oil
2%
2%
1,100
3%
3%
3%
200
2%.
'■ft 2%
ft>
2 Va
ft-
vv
2Va
2 Va
2 Va
ft ; /.
43
—
1,300
Jan
ft
Insurance-
Universal
Pictures
'j,
25
class
:
common
Voting trust ctfs
5% July
Utah-Idaho
Utah
Power &
Utah
Radio
Jun
49%: Jun
1%
—
100
—
..
England Telephone—100
Phosphate
Southern
Pipe
Cb—
'ft—ft"/
10 '
—
32
17%
1
...
...
;
Utility
;
40
1%
»
Light $7 preferred—.
Oil
priority
...
10c
...
44%
Jan
2
May
Venezuelan
Virginia Public Service 7% pfd
Vogt Manufacturing-
63
Aug
72
115
~60
Nov
Mar
129
Nov
5%
2d
5
Feb
2% May
Jan
22
16
Aug
19%
50
49%
2,500
50
15% Aug
14% Jan
850
'?ft
45 Va
ft i'Va
3%
42% .Sep
3% ft
x74
Nov
Oct
3
May
68 Va
July
4% Jun
2% May
Jan
Jan r
49
Jun
July
21
Jan
%
700
150
Apr
19% July
Feb
2
2,200
11 %<
1
Valspar Corp
$4
..1
1%
'1 Va
_„5
23%
23%
common
convertiole
preferred
Petroleum
_i
—1
9%
9%
—100
84%
80
7%
Oct
Jan
38
Dec
38
210
23
76
Sep
%
•
A
.
5
V4
Jan
% May
2%
Jan
%
Jan
5V2 July
2% Sep
%
Jan
1
300
-•*'
,
900
2
2%
Jan
250
12%
Jan
1%
Jan
>
"
13
17%
17%
17%,
1/4
__
55
1
.
.6%
I
%.
ft
-
%
%
.
53%
55%
6 Vs.
1
—
.
6%-.
Va
"vf
1
,
I.
2,800
il
150
i3«
;
common
page
I
1%
100
2281.
Dec'
ft Jan
54
July
9
Jan
—2%
A— '
Jan
35
'
"
9%
10
800
1)4
"1)4
100
7%
75
Oct
July
17%
Oct
18%
Sep
114
ft May
ft May
64
Oct
11%-July
ft May
,
7%,
.
Aircraft
1%
56% Aug
13% Oct
5%
Oct
44
Sep
Jan
12
Oct
Jan
Jan
12% May
4% Nov
ft Jan
Waitt
7%
,•
& Bond
class A
ft
—
•
Class B
Walker
9%"ft
1,070
12
Jan
86
Jan;
75/a
32
Jan
44
100
July
Jan
4%
4,000
ft.
7%.
85,
1%. Nov
Jan
18
180
'•
..
10'
ft3' :
3% ft
400
ft
8%
9 :ft
,400
Va
ft 7%
Sep
Nov
July
150
14
Nov
Coal
&
Coke
11%
3%
Western
4%
5
7%
;
8
Westmoreland
Inc.
River Oil
Williams
Oil-O-Matic
C)
Jan
Apr
Jan
&
14%
21
f
7%
■
Corp..
(R
15%
8^
ft
,
5%
150
5%
—.10
(F W)
Heating—.*
1
—
—
"
10%
•
2%
10%
VA.*
11
'ft
-
100
.
.
100
;
11%
95
9
200
1
May
15%
Sep
9%
Jun
Jan,
'ft-9%
Oct
Jan
9% July
ft,
4% Mar
12%. July
Jail;
110
Jun
3%
—.10
Sep
26
'
Feb
'
Sep
May
19
Jan
July
.1% Jan
108
pfd .100
_
Nov
4
Jan
,
.
Sep
4%
Nov
8V4 July
Ltd—
deposit
Ltd__
Jun
10
6%
Jan
.____.__£i
5
Aug
5
•
2
Jan
.4
receipts..
Preferred
Hargreaves
11% July
;
7VsMar;
Woodley Petroleum
American
..
13
100
'
Co
Willson Products Inc..——
Wisconsin Power & Light 7%
Wolverine Portland Cement
Woolworth
Apr
5%
1
15%
Weyenberg Shoe Mfg.
Williams
Nov
6%
500
20
——10
——
Oct
110%
Jan
800
' ' ft
tft-'
Western Tablet & Stationery com—...*
Westmoreland Coal
ft May
Jan.
4
Maryland Ry 7%. 1st pfd—100
-Vll
2 Va July
14% May
98%; Jan
20
20
Inc
Co———
',15% July
4%
2%
300
67
8
Grocer
97Va ,Nov
.
Jan
9
5
1
Air Lines
Western
3% 'ft
109% 109 Vt
—L—S
—
Western
Wticht
Apr
;
ft Jan
%
'
5%. Mar
10% July
Feb
%
13%
14
.;;:.
Feb
Apr
IIIIl
Wentworth Manufacturing ——1.25
West Texas Utility $6 preferred
•
West
2% Nov
5%
86 %
8%
•
I
Mining Co
Knitting Mills
Wayne
1*« May
Jan
25
Jun
6%
2%
Co
Wagner Baking voting trust ctfs ext—•
7%
preferred100
Wichita
2% May
1%
;
,
...
%
400
w
Waco
Oct
Feb
7%
lo
1
1
~
Jan.
6V8(Nov
1,100
5Va. .5%
3
ft Feb
1,000
•
I"
6% May
Jan
16%
500
1,100
%
.
Jan
May
19%
ft. Jan
20
*
Jan
1,100
lVa.-'.lV*
II" *
~1
r
Jan
12%
1,800
110
,
Jun
200
100
v
17%
16%.
1
400
3%:
2%
Apr
1 Va :
Sep
500
A
•
2%
2
—
9%
%
3%
•
see
Jan
—
10
preferred
footnotes
1%
35 %
•
Co—
-
For
1,400
2%
%
1
common
Co
17%
ft
47%
July
4%
•4%
preferred——-I"———50
(j, B)
12
16%
_20
Sterling Aluminum Products""
Sterling Brewers Ine
l"
S'erling Inc
Stetson
Jan
7% 'Jan
-100
„
1st
.
1
common
Standard Tube class n
■
Starrett (The) Corp voting trust ctfs
Steel Co of Canada.*.
4
6%
1
%
6% July
6%
1
.___—
Sterchi Bros Stores.
5V4 Apr
100
1,000
%
10
,
(Ky)
„
8%
—
2.78
preferred
& Co
7
.6:1)
%
;"
200
Sep
9%
,
Standard Sliver Lead.
(A)
Apr
13
Feb
Aug
%
•
Common class B
Preferred
Stein
tft 3
Feb
4%
200
1%
17% ft ft
x74
32
8%
38
•
Co
Products
1% Jan
100
Sep
33
Jan
4%
.
„
(Ohio)—5% pfd
Standard Power & Light-
,
Feb
% Aug
ft Jan
2,800
19%
1%
stock
[Feb
...
Oil
Standard
Jun
2%
Dec
2
Hi
common—
28%
x9Va
9%
,
$1.60 convertible preferred
Standard
2%
"6
16%
•
Products
29%. NoV
—
—
'
—
•
Inc
Standard Dredging Corp
—
5
Standard Cap & Seal common
Standard
100
Ila
500
127% 129
1
dep rets ord regis,
Shoe Corp
Convertible
,w
———10
Spanish & General Corp—.
Amer dep rets crd bearer—
Brewing
%,
1%
900
19 Vj
.—1
—J,
Sugar
Equities
$5.50
;
300
.
Line
Royalty Co—
Spalding (AG) & Bros
: 1st preferred
Standard
Jun
3%
'
Jun
28% Nov
__
A—25
.—
Southland
Amer
i%ft-;
—8
...
Universal Products Co
4%'July
80%
,
Jan
1%
2,200
15
1%
July
4% July
6
Jan
Nov
37V»
—
'ft,-
1% May
Jan
11
6
B
4Va May
:
v
Jan
1%
'
41%'
—
Jar.
2%
200
'
.23
•
Jan
2
..
1,000
3%
4% •; 4%
ft
—10
Power
Southern
Stahl-Meyer
■ft 60
.-10
...
Spencer
125
2va:
%.
Cooler class A——
Mar
•ft
'
'
.50c
common
Universal
5
2,300
Edison—
preferred
Southern
United Stores
nov
Apr
%.,
77%
76
76%
.—*
Reclaiming
Oct
106
Jan
96
.
2%
1
-
Pipe Line
Colorado
Rubber
15
241
3% Mar
__
.
%•
.
■
—
— .-ft';:
preferred B————.-———23A
30% 30%
5Va% preferred series C——----—25'Vol//?.29-*,'..29
7%
S
27/a Aug
ft
Jan
■
.■
ft
'
'
28
j
.
Jan
175%
ft ft''
^
IIIIl
Radiator common-.
United
1
30
6%
Southern
U S
•
V; 131/2'July
-
-
—
■
—.1
original preferred
5%
218
—1
California
Southern
J
200
2%
1
Co
Corp common.^
Oil-—
Pa
•
21% May
£1
100
Co
Manufacturing common
Coast
•'
'
2%
Jun
Universal
Corp
South
Jan
10% Mar
1
Solar
Sonotone
12 %
•
.♦
1
..100
preferred
Simplicity Pattern
119%
July
U
tft
Simmons-Boardman Publications—
100
111% Apr
'Ift:'
—
I6V2
.ft
Jan
;83
150
,'v
—
•
common
1,200
Dec
'
_—
*■
"2ft'
2ft'
2%
12,900
Aug
v.
Apr
Volume
EXCHANGE
NEW YORK CURB
''
BONDS
•
Period
3
Ended Dec.
Week
Last
Interest
.
'
or
Sale Price Bid &
.
I
s
debs.;—r——
f deDS—
:«■.
—
—.1960/
f
1970
Amer Pow & Lt ieb 6s
-——2016
Amer Writing Paper 6s
—1961
Appalachian' Elec Pow 3%s
_—1970
Appalachian Pow deb 6s—
..2024
3%8
s
Pr &
Arkansas
Lt
4728
Elec
Associated
103 V2 104v4
65
96
16
88%
23
106%
47as
deb
A Debenture
,
5s
'
——_-i977
1955
3V4S——1964
City Eiec
& Sons <B. P.I—
Avery
/■•//,'
•
•
127%
106
107
-
1st
79%
166
•46%
21%
3
14%
-1968
22%
26
168
13%
,38
.13%
22va
105
22%
7.
-831/4
Pawfic
..'•14 /
ACentral States
ob
.
—4-.-—'.—-4..i...——..1954
VaS
72%
1
106%
109%
-V
■
t
/:
x150
103
/
.
102%
.
3%s
...
117%
109%
103
106%
Potomac
17
>
.1951
series JN_—:
,3'4's
P
mtge .3s set
ref
1st
;
105% 105%
1st
.
A Consolidated
35%
32%
35%
368
100
.61
68%
66%
68 va
100
.
96 %
El 5s_—_—
District
Empire
97%
97
1st
837a >98%
843/a
.
101
117
.'
"o1/#
;
7
105
8
1013/4
m-n
j-d
9974
-
:
m-8
:
Af-3
F-A
:
:,
;
92.7a
93
-m128
" •
;
.
-h
93Vi
103
••
3-D
107
51
57
"2
,
3;
102% 103 74
J-J
1954
■
__
10474 10474
:
•
6s
'
A-0
1-3
Co. 6s ser A._r.__1948
Limit bb——itT/o
J-D
J-D
J9*»5
M-S
series A.——1941
M-S
1950
Great Nor Power. 5s stpa—.——1950
Green Mountain Pow 3%—.
1963
Grocery Store Products
...—1945
Guantanamo & West 6s
—1958
J-J
/ F-A
3-D
General
General Rayon
G« vi'K,ia
Power ft
"Uden
(it-n
AGobel
t—...
4sd~.
('(ml
(Adolf) ,4%s
West 4s_
Trunk
Grand
bs
Kerv
Pub
A
■'
44
1027a
-
Hvgrade Food 6s ser A
<93%
1027a
41
90 v8
97.
97
74
57
'10574
98%
$104
93 Vi
9472
1st
& Light
Power
1953
?9f»h
1957
1958
1950
1963
1952
ret 5s st.rie® C
;
1st & ref 5V2S series B
Bydro'-EieC bb._L—
Service
5s
Inti.ana
Indiana
1st
ref 5s.
lien <fe
Alndianapolis Gas.5s A—
P .& L .3 Vis..—
Indianapolis
International Power Sec—
■'
;
66
44
.
;
series
A6V2S
(Dec
series
E
C
1
;
-
»
& Lt 3V2S—1
Kansas Electric Power 3y2S__.
Kansas Gas & Electric 6s__.__
Kansas Powar # Light 3'/2s—
Kentucky Utilities 4s
4_.
Jersey Cent Pow
Lmk.c
J-J
J-J
J-J
6s>
&
Co
4'4s
conv
...
E—.s
Petrol 6Vis—4.
Middle States
Midland Valley KR—
Extended at 4r/o to....
Milwaukee Gas Light
Minnesota
1st
&
1966
2022
J-D
M-S
J-J
1969
1970
;
5s._.
A-0
...1963
4V2S—
^——.a
Mississippi P & L 5s_
Mississippi River Pow 1st
•
/
5s—
1967
M-8
1978
1955
J-J
M-N
1957
1951
Suffolk.Ltv 5s
194*
A National Public Service 5s ctfs__.1978
Nebraska Power 4Vis
——1981
6s
New
series
5s
1948
1947
deb
series A—..i—Nov 1949
J-D
Power
3Vis
England Power Assn 5Sa_
Debenture 5M>s
np<»
Orleans
Alncome
6s
J-J
M-S
1954
5s__
England
-
Public
a—_a_a_.
1948
1950
1961
.1948
74%
5974
19
36
16%
23 va
32
26
127a
32
•—.
■
22
106%
107%
-
107% 107%
101% 102 vo;
101%
'
96
96%
3-D
10374
107 Va
109%
85
32
-
96%
110 %
1127a
106
■
10774
106
116
96 v4
-16
96%
■
109%
111
'13
•
$110% 131
'
J-D
108%
106
28
-
♦
107% 108 7*
J-J
25
13%
1057a
-
1177a
$116
J-J
F-A
2
14
227s
-105
10674''
109 l-
20
'
96%' 104 74
58
103%/ ,-10378 lu3-%' ; :
'
M-N
■
117%
9 00".,
109%
96
35
109%
107 3 8
■
114%
'/■5
99 va '
90 va
F-A
/
8
1143/4 115
s
"
M-S
1954
3-D
1964
2030
1960
5s
5s
.
Rys
5s
Co
53
>
.
'
-.
98
24
.-22%
24
A-O
109*.
108%
110%
1027/a
IIOV4
3
108% 108%
.107
■
J-D
-;
__
••,
/
115
•:
'
1087a
-
115
-
110
r
•
•».
$81
100
,;.
97
v
-
1007a
84
€3 74
'
75
eo
100
733/8
2
•
118 v4
85%
:
100
96
J-D
J-D
■
85
100
F-A
1937
1947
^
^
$99 7a 100%
F-A
/
108%
'
V
stpd
30%
4%
••
5 *
-
.
•
2
3
103% 108%
108%
J-D
100
„—
l-KH
Foreign Governments & Municipalities
447a
1
6
107
Ycrk
1
1033/4
Dec.
Last
Interest
^xchanga
Curb
Ended
Week's Range
Bonds
or Friday's T-.
Friday
BONDS
New
Range Since
1
January
Sold
Sale Price Bid & Asked
Period
3
110
High
Low
108
Low
Agricultural Mortgage Bank (Col)—
121
123
111
113
5
106%
1C8%
107%
109%
19
122
1063/4
1107a
•
—
r*-''
"
:.
3
10?!"
99
2
9974
7s___._.
—April 1940
7s—.—I—
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s.—-a—
1948
Danish
57as
1955
Extended
5s.-_.u__:—
1953
A
i-
1
101% 101%
107
7
107
103
21;'
..-
307
■
20-year
10874 107
$105 : 1053/4
13
City
lu2%
62%
i——..1958
____.._1951
7s___—
AMaranho
stamped
7s
Mortgage Bank of Bogota
A Issue of May 1927
109
105%
;
1952
67aS stamped.1958
(Peru)
:
A Issue
of
Oct
L.
;
1927
Bank of Chile 6s
109
Mortgage Bank of Denmark 5s_
10374
1077s
113
103
"
1
7
vl
106%
105%
'u_
'
1087s 109
P>
3
yO
10
•
108
100 34 101
;
*'•
J-D
98
•-
1023/8
127/s
27 72
*5
1097a 1107a
14
107
1
114
de
ARussian
rO'%
1173/4 1173/4
A Parana
A Rio
(State)
Janeiro
7s
I
6 %s__
Government
6V2S
1931
1972
—1958
1959
1919
53
5472
40
0474
17%
5
1474. 23%
M-N
60
60
2
443/4
F-A
57
57
5
42
60
10
20
■177a
177s
$20
..
J-J
M-N
J-D
M-N
A-0
J-D
J-D
4
35
64%
$1774
7
.
/<'
■
-
11%
20%
36
20
36
1972
O
..
25
58
58
6
33%
33 7a
34%
4
33
32 Va
58
~
4%
1
4%
33
321
-
••
377a
38
__
$177a
.
243/4
1674
(.'
$30
$30
•
M-8
J-J
J-D
J-J
18
35%
197a
M-S '
7s—...1947
AMortgage
High
$52
7 112
49
1077a
105%
Dan2ig Port & Waterways—
A External
6%s stamped
ALima
107
•
...
No.
$52
A-O
J-J
20-year
A
AMedellin
6174
105
r.
iuuTi
17
$107
10" Va
"11/4
10574
-
$100 7s 101,
607s
9974
867a
107
11
33
-
55
43/4
434
>1820%
58
■
227a
'
35%
17
333/i
9Va
9%
2%
23/4
117%
27%
$11274 113
.
70%
70%
717a
•70
70 7s
707a
71%
717s
34
707a
•$105
1077a
*
9574
9534
50
107%
977s
97
98
55
103
10474
77 7a
'
•No par
r
Cash
767a
78
9
a Deferred deliverv "ale.
d Ex-1nterest.
Ex-dividend,
y $8 liquidating dividend paid.
value,
x
9874
102%
106
45/s
4%
e
Abbreviations
"w
Odd-lot sale,
"conv," convertible; "M," mortgage;
"w w," with warrants;
n
Under-the-rule sale,
.
•
.
,
.
■
consolidated; "cum," (^jnula"n-v," non-voting stock; "v t c," voting trust certincates,
nsod above—"cod," certificates
i," when issued;
22
transacted during current week.
§Rtported in receivership.
tive;
*
.1921
96%
827a
sale,
—
...
$Friday's bid and asked prices; no sales being
A Bonds being traded flat.
109
767a
97
A5%s
114 V8
.
50%
.
957s
287a
112
477s
31
Service—
1
■•
■
M-N
1944
2022
—
.
28
7
J-J
1951
Traction
67
28
107% 107%
103
87v4
28
■
94
$10774 10872
71
64%
35
81
1127a 112%
10874
•55
Co—
3%s
Power
Electric
Penn
357a
88 7a
107
J-D
M-S
J-D
M-N
M-N
A-0
'J-D
-
Conv
New
Gas 5s—4
El Assn 5s—;
33
$121
F-A
F-A
2022
Amsterdam
New Eng Gas &
New
—4
A—a—-1
Water
Penn
33%
106 3/4 10874
t
873/8
86
35
1077a 108
3-D
J-D
Nassau &
*
■
A-0
1949
debs.
Week
107
87%
8674
84
J-J
1946
Elec 4s
&
AStamped
35%
.16%
19 1
-
—
28
61%
65%
65%
108
38
17
16%
—
577a
M-N
J-J
■
87 74
27
•
'
.
Western Newspaper Union.—
6s unstamped extended to 1959
•v
6s stamped extended to 1959
-
109
173/a
1063/4
87 vn
65 Va
86%
42
v
$22
A-0
$946
A
8774
65
b2
86%
85%'
4s
series
6s
income
Ry
| A York
85
88
M-S
M-N.
1965
1943
23
$26
v-
9
32
23
~2
23
80%
64%
89
86 va
85%
/
4%s
gen
"
l053/4
-
V'a
96
18%
--
;
115
/
33
23
F A
•
P <fe L 4 V2S-'.—
ref
$25
$26
96
80
112
108
A-o
J-D
1947
1971
12
10774
84%
F-A
Rys
&
lien
West
1U3
8074
25
92%
$107
J-J
1948
Metropolitan Edison 4s
4s series G..-..4—
f.
M-8
93 72
115
Mfg—
stamped—
Men gel
1965
:
91%
$112
A
...
Pow & Lt 5s—4,
McCord Radiator
91
92
96%
62
'
■
'85%
85%-
ft Light Co--
West
92
86%
F-A
A
Wash
107 v4
1033/4
3-3
3V2«>'—...l9bo
r
^1957
oist Pow
jsuperioi
Louisiana
1087s
»'2
9474
...
196a
6s
Superpower
10
33
F-A
.
8434
;
77%
1957
1950
cons
Deben'ure
26
coup)
.
Altailan
.
&
J
Power
1st
103% 103%
lPr
Power
5%s
&
-
-76
84
F-A
10472 10574
.
8
4
103-% 103%
•
-
85%
1952
1047s 10574
'
1087a
-,4
85%
5s_.
series
6s
-■
105 ^a
W—''
73%
"106%
107
A-0
1057*
J-D
—
1941
Light
Lt &
A5s
$102% 103
10674
'52%
Waldorf-Astoria Hotel—
102
104%
1097a
103
"
•'....,
102 7a
93
106%
-107
86
A-O
1117s
:
91
$100
10172
$997a 102
1053/4
1
$10374 :106 "
J-D
1959
Utah
66
109
110
$108
M-N
1970
—1955
1955
A 7s
4
1957
A7s
(Aug 1941 coupon 1,
1957
A 7s
series F
4
a—
1952
A78 (July 1941 coupon),
1952
Interstate Power 5s
1957
Debenture
6s
———-—1952
&oV2b
A-0
J-D
M-8
M*N
'J-J
F-A
A-0
-
iDeiaware) 5V2S_1952
United Light & Railways (Maine) —
.
Corp—
ref Ss .series A__i
&
l*t, Hi
-
F-A
5s
Light
&
N
lien
1st
United
-
1067a
' 9472
78 ".
66
11$
Wash
Illinois
A-C
A—
Electric
Umted
102 74
1087a
106%
1027s
107
1957
0s_
•
Service
Electric
Powe:
United
97
91
101% 10174
103 7a
22
100 74
92
.$10374 10972
105 7a
86
—
997a
A-0
.
105
98 7a
A-0
Jan 1949
"5
103%
24
73
A-O
(Hugo) Industries—
stamped..
—1
series
6s
63 :r
$-_••
./; 102 74 10272
J-D
Jan 1949
4
B
series
6s
f
1043/4
67
-
F-A
1960
..—1956
———2022
Tide
Water Power 5s
1979
Toledo Edison 372S—1
1968
Twin City Rapid Transit 5%s
1952
98 3/4
98 va
J-D
J-J
—1966
Lt & Pwr 3M*s—i
Houston
.
104
104
9774
10574
72' ;; 7
.
76%
2nd
7-4s
Texas
106 ve
913/4
97
85%
100%
100%
-v-
F-A
10474 1073/,
Texas
1969
1953
3%s
Power
:y->
:;.'.
103%
5s
Corp inc
'
Gatineau
15
33
107
J-J
2022
7-4s 3d stamped
j) Certificates of deposit.
/
18
,
97%
977a
97%
70
20
88%
10374 103%
A-0
M-8
(Hugo) Corp—
Stihnes
Stinnes
.-$59-;-
m-s
.
131
68
73
$10474 1057$
$10572 107
M-N
gold debentures..
Power & Lignt
AStarrett
1067a
103
•
128
•it
v
—,
.
88
103%
M-S
.1989
Standard
324 %
123%
/
*
/ 98 v'
79
108% 114
4
103% 103%
IDS3,i
A-0
4—May 1948
.May 1948
1951
—Dec 1 1966
L
6s
-
Debenture
6s
'
79
'3
''156
Electric—
&
Gas
Debenture
»
87% 30374
8
.
10374 103%
103 3/a
104-/4
•'
'
s-V •:
'•
1
104% 1057a
0
-
.1
■:
36
'
1037s 103%
88 7a
A-0
37»e——1970
(stamped)—
/* Conv 6s stamped
:
91%
102
.
.
12474 12474
M-S
m-n
93
102 7s 103
1027s
993/4
101
-
Rys
6s
79
■
Indiana
Standard
•
8274
1
103 74 103 74
10374
138
98
$127 7a
$70
A-0
a——1971
4s_—
1951
Southwestern P & L 8s—
Spalding (A G) deb 5s
/„
131%
5 :
•
5%s
1954
Finland Residential Mtge Bank—
'•
6s-5s stamped
1
1961
Florida Power Co 4s ser C
1966
Florida Pow & Lt 5s
91%
97
,* D'
Edison 3s
1965
Gas 374s—.1970,
Gas (Calif)—
Southwestern Gas & Elec
;
12334
;
-
110
99 3,4
90%
99%
'
100
:
5s„_
mtge 3s——
Southern
%
121
-"l-
138 "
109% 10934
J-J
Counties
1st
1057a
108
106%
138
J-J
California
;
109
$12274 123%
110
77,
'
11274
i 10374
9
.108
108
1067a
102v4
7
M-S
...1957
Southern
105
103% 103%
—1952
6s
/
.1951
3s
—_1951
Pwr 4%s_.—1967-
Power
Southern California
1015/a
109% 110
--
7
16
A-0
series
Carolina
South
'
•
„
1073/4
10374 103%
J-D
D_a„1970
Wyoming Coal 6s
1947
.4.V2S
Sheridan
99
86
2
107
;
138
—1979
Estate
Real
ASchulte
98%
84%
,.85..
.
'
95%
931/4
103%
M-N
t
Joaquin Lt ft Pwr 6s B_
San
Scullin Steel Inc mtge
88
117% 1177/s
lr-i%
$92
J-D
,_a—,—1952
series A_—
Southern
100'/2
112
111
$11074 1103/4
J-D
—1964
1949
Harbor Water 4%s
Shawinigan Water &
66
1017a
110
18
11074
110
110%
108
977a
Queens Borough Gas ft Electric—
101
■
105
$99 7a 700
M-8
Jersey-*-
New
104%
76
100%
.,100
99% 101%
100%
of
103%
,16
•
Water Service
Fedeial
1107a
117
Colorado—
of
perpetual certificates—
/ "5 V2S
;
; 71%
89
229
97%
96%
.
97%
a-0
1952
Lt & RR 5s
Water
Elmira
r
-
1956
2030
1956
Fuel 4s ser A—;
Power .& Light 5s
Electric
'46
'
7
A-0
100%
1
J:
96
/
97ya-
m-s
Eastern Gas &
1067a
111
31
1c5% 105%
M-S
J-J
M-N
E——
5s
103
10 T
100
305.. -.105
33/4S_.———1955
Packing
Cudahy
116% 117
109 74
106
1
10672 10672
117
101%
45%
.
$101% 10C St'i
$105»
f-a
4—
19
106%
F-A
—1956
Service
.«;/ -/ 67p
"'
46
13
3
109%
1908
—1944
5s
Tobacco
Cuban
107%
.
"-••{/••v-1
.
105
.106 7.106
J-J
1962
6s
372s„
mtge
Public
107%
13.
31%
34%
J-D
...1954
Textile 5s 'stmpd—1953
Continental Gas ft El 5s_i
105%
2
.
IOOV4 100%
35
j-j
mtge 4V2s
Gen
39
10?
107%
J-D
5a/as—__1972:
Sinking fund deb 4s
100%
183
J-D
..1976
.1st ref mtge -2%s ser Q—:
Consolidated Gas (Bait City)—
$107
M-N
102%
24
,105%
1057a
/ 30%
23/
38
105
1057a
109
101%
17
103%
36%
36%
M-N
F——
——
1961
4%s B—4—1959
Public Service Co
■■
1971
1969
4
85%
105%
2
105% 106%
(Bait)—
Lt & Pr
Gas El
103
F-A
Corp .(Can)
Power
.101%: 104%
-.18
991/2 100%
-
'
Consol
1003% 103
J-J
extended—,—i_____i95Q
Ec;son
series
472?
:
24
m-n
Connecticut Lt & Pr 7s A
106%
1
1979
—
Power
4
102% 102%
1977
1970
Elec
1073A 108
F-A
-1964
——
A5s stamped
Safe
u—i——.—1949
5 '/2S
,
107% '111%
A-0
——1955
Philadelphia Rapid Transit
Portland Gas & Coke Co—
.
121%
102%
104%
103
V
M-S
M-N
J-D
.
107
37
108% 108%
108%
110
105
104%
$104
F-A
1948
5s
—
Philadelphia
h6%
180
101% 102%
.
;
A-0
series
6s
100
A-O
M-8
7; J-D
1 A-0
B———4—i————1955
Cities
Service
5s—
:
Jan I960
Conv
deb' 5s_.
1—i
...1950
,/ Debenture. 5s—_a—1958
v
Debenture
5s
—
1969
Cities Service P & L 5%b„;
1952
I
106
107
24
107%'
107
107%
A-0
Pennsylvania Water ft Power, 3Vis. 1964
;
,114%
$104% io91/2
A-0
F-A
..
91
104%
101%
1201/2 1201/2
.
J-J
1927
—1952
SAChicago Rys 5s ctfs__——
Cincinnati St Ry 5%s.A
Light
&
Power
1st :5s
99%
115% 115%
■
.4
F-A
.J-J >
M-S
5Vas„'———1953/
Central States P.ft L
1157u
$104% 105
A-0
Aug 1955 "
Penn Central Lt & Pwr 47aS—
26
92%
U02
J-D
;19G9
Electric 5s—r——-J948
108%
547a
18
91
89
M-N
1962
4s_____:
Park Lexington 1st mtge 3s
i
22
85 va
108% 1081/4
108'a
M-N
1964
3 3'*
&,Oas
El
1953
Power/5s—■
Northern
111
103 7a
115%
' •'
...
•
'
26,
,
Central Power & Light 3%s——
Service
Oklahoma Power ft Water 5s
•
J-D
Central
Public
Ohio
26 '
12% ;
10:
..21% -'22%
84
„
M-S
1970
Canada
' $115%
„
£9
26
.21
22
Q-F
.
J-J
Higf
112
$103% 104%
J-J
;—1945
Power -1st mtge 3 TtS——
il968
mtge 3S—a
1971;
Ohio
r
20 y2
22'/4_
M-N
.
Low
11074
$108% 11074.
7
J-J
1QS4
^_1948
Utility 57aS
aas 1st 5s
Ogden
/■;
;—
-
i
..
20%. -22%
22
.
i15v2
2%s——.J—
67aS-
Edison
Boston
—2004
4s
5s_T__
Oklahoma Nat Gas 33/4s B-.
;
Birmingham. Electric 4 tea—
Bickford's Inc
..
98%
75% -77 Va
76>/4
'
•( / v./■'
" Ti J-D
.
Westchester Ltg
&
M-N
„1964
'
1960
1998
—1962
series
Bethlehem Steel 6s...
Januarv *
No,
10c7/a
21
J-D
v:
Telephone*, oi/ Canada—
i '; 7
1st M 5s series B_
———.1957
5s
127
107%
u25
107
"/;■/%•u.
Bell
i
981/2
-107%, 108
108
M-S
M-S
Range Since
Sold
High
Friday's
or
109
.
M-S
J-J
F-A
A-0
' F-A
;
1947
1
warrants..:.
without
5s
— —
J.
T deb-SVaS A_i——
Assoc T &
Atlantic
-
5%s:
deb
>AConv
<
»
...
-
Gas 3%s
North Continental
V
4%s_—_u__
deb 5s
A Conv
Y
Debenture
109
124
15
97 %
98
A-O
J-J j
1948
—1949
______j-950
...__.__1968
deb
A Conv
•
% .AConv
N
108%
111-
7
104
:'J-D
J-J
Sale Price
Bonds
Bid & Asked
Last
Period
3
■
108v4 108%
lAssociatcd Gas ft Elec Co—
'3
105
107%
.41
,
-
1*08 V*
M-S
J-J
'
..1956
1953
i
5S
106% 106%
104%
103%
9
103% 103%
J-J
J-J
J-J
—1950
debs
s
3 Vis
Dec.
Low
N Y State Elec &
American Gas ft Electric Co.—
Interest
*>ch<mge
Curb
Ended
High
Low
No.
High
Low
2%s
Sold
Asked
Week
Week's Range
Friday
BONDS
Range Sine*
January 1
Bonds
Friday's
York
New
.
Exchange.
Curb
York
New
,c
Week's Range
Friday
'
'!
2281
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4235
158
of deposit; "cons,"
"xw," without warrants.
2282
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, December 6, 1943
OTHER STOCK EXCHANGES
Baltimore Stock
Nov. 27 to Dec. 3 both
Friday
Last
/
STOCKS
Week's
Range
Sale Price
Bait
Corporation
Transit Co
Low
Preferred
Eastern
t
v
t
v
&
t c_—i—_1
v
Co
10
44
218
872
6%
Jan
8
19
73
15
Jun
12%
Aug
v 125
Jan
9%
Mar
35%
Mar
2.95
6% Jan
200
44
9%
Feb
145
Jan
44
July
Dec x
5
—
6
9.'A
10% July
Jan
Advanced
Allied
.
Bearing
Products
Class
Allis
Co
A
6%
6'/c
Oil
Houston
of
67
67
67
(unstamped).—__100
preferred
—.100
80
80
80
Texas
6%
pfd
common
Corp
Mfg Co
capital
50
Distillery
(Tom)
Z.
25
—
Vernon-Woodbury Mills common.100
Mt
Bank
Marine
National
Amsterdam
New
Water & Power common
Penna
22%
Jan
29
Nov
Asbestos Manufacturing
71
Mar
200
Nov
Athey Truss Wheel capital
Aviation Corp (Delaware)
27
3
-
42%
27
27
62%
36
—
.
Bonds—
4% July
1.80 Jan
3
41
Jun
43V2 Aug
200
22
Jan
28%
62%
25
36%
:
385
/
Baltimore Transit Co
4s_
1975
52%
60
-1975
511/4
Oct
67% Aug
Jan
29% Jan
40
53%
49
Mar
55
Mar
64%
Jun
Oct
102%
Jun
Jan
87%
4,000
2,000
87
87
1;
99%
21,500
100%
100
Georgia Southern & Florida Ry 5%-1945
$41,500
60
59%
100%
Oct
•
_
53
1975
5s series A.
5s series B—————
Aro
Equipment Corp
1
common
1%
80
56
Jun
Sep
Borg
Warner
Brown
common—.
Par
■
Alles & Fisher Inc.—
Low
—-wi—1.
'—Z;
American Sugar Refining———100
American Tel & Tel
100
Anaconda Copper
&
Boston
pfd—.100
100
Bruce
Co
Bros
Albany RR
Edison
Elevated Ry
Boston
Herald/Traveler Corp
Boston
Maine
&
class A
24
Nov
158% July
31% Apr
20
104
Jan
116
1%
145
81%
Jaix
32%
2,295
675
24
62%
Jan
34% July
69% Aug
18%
18%
585
14
Jan
19% Oct
21
22%
: Z. 8%
Jan
32%
Boston Personal Prop
IIIlOO
& Hecla
—:i.:
Co
3%
."■
6%
r:'r'
48
—
6%
1
1%
Apr
Jun
Jan
90c
200
10
58
9%
17%
Jan
4%
31%
36
4%
650
1% Mar
Jan
42
10
7% May
Jan
%
;/■ ■
May
2% May
59% Nov
Jan
19%
Jan
2%
Jan
37%
Jun
60
104)
98
455
25
Jan
1,685
6
Jan
'
15%
9% July
8%
155
34%
339
124
Jan
9%
1% Z1
70
Nov
•/.
24%
Sep
if
34%
7% Nov
-
11% July
,
Jan
27%
2%
Jan
10%
Mar
369
31%
Jan
39%
230
26.08
Jan
25
34%
):/■
Apr
32.78
7%
12%
141
,
9%
18
Sep
Oct
Jun
15
35%
1,464
30%
Jan
7%
300
4%
Jan
78
Jan
82
2%
33
21
5
1,175
30%
750
2%
•
75c
28%
280
-
9 %
Jan
35%
Jan
2% Nov
30% Jan
33%
61
45
12%
12c
Jan
lZ?6v.
.
%
r,
f;
,
■
'Z
'1
Apr
Jun
-,&3S£,, Jun
Jan
30
%
Oct
July
1% July
Mar
21
21
.
r\i:Z
33 ?. May
,,1% Apr
6%
11
107%
6%
9%
10%
•
37
60
1%
2%
Z;':>r".Vv
125
9%
1
29%
1
—100
10%
145
6%
Jan
14% Jun
5c
445
lc
Feb
10c
5c
30
106% 107%
New York New Hav & Hartf RR— —100
123
%
fs
/
3%
Jan
86
95
Jan
iV
Jan
■«;
8%
110%
Oct
July
Oct
2% Mar
-2.50
38C
45C
1,850
24c
Jan
30c
40c
310
15c
Jan
1% July
24%
——
Mills
24%
24%
110
19
Jan
28% May
25
24,
25%
i—
—50
1
RR
Quincy Mining Co—
—25
—...
.
—~~
—
Webster Inc
(The)
_
...——
United Drug Inc—
United Fruit Co—
%
_*
'
•
33%
26%
5
——
.
ZZZ'Za
Utah Metal & Tunnel.,
...—
1
26%
716
23%
Jan
32)4 Apr
66c
Jan
1%, Mar
12%
155
9%
Jan
14%
8%
290
5%
Jan
10% May
29%
Jan
33%
27%
270
250
26%
Dec
36
Sep
July
37
Feb
12%
13%
36
7%
Jan
15
69%
71%
420
60%
Apr
76%
66%
67%
914
63%
Jan
74
Sep
Sep
Sep
44
66%
10
:
33
Apr
270
71%
—25
preferred
12
1
•••
85c
13%
•
...
'''
7%
5
...
United Shoe Machinery Corp
l*'
'
*
—;—
Waldorf
Warren
System
(S D)
44%
226
42%
Sep
47
July
37%
22C
Inc—
.1
——*
*
Co
Westlnghouse Electric & Mfg.
—-50
37%
20c
24c
220
25%
Jan
46
48c
2,150
20c
Oct
1%
100
80c
Oct
145
July
Apr
'
10%
_.
__
1%
10%
10%
21
21
90%
91%
50
202
7%
16
1%
Feb
Prior
Oct
July
6% May
3% Nov
13%
13%
100
Jan
14%
Oct
19%
19%
250
16
Jan
23
Sep
14%
'J.—-
.
14%
100
13%
Jan
17
Sep
33%
100
33%
Nov
8%
•: 350
9%
33%
8%
4%
16%
5
39% Nov
4% Aug
500
4
8%
Jan
Aug
50
13%
Jan
5% Apr
19% July
33%
100
26%
Jan
38% July
3%
350
1%
Jan
16%
16%
33%
3%
3%
4
July
'12%
Jan
20%
30
11%
Feb
22 %
Sep
4
4
300
3%
Jan
4%
Jun
7%
8%
550
5%
Jan
27%
27%
7 100
20%
Jan
10% July
29% Nov
90
90%
150
69%
Jan
93
"or
600
A
Jan
%
650
—10
Sefv
Pub
—30
$6
pfd—
Z
"~
90
.—•
Securities
/;
Corp—
-
Nov
Nov
,
1
—
V(f
preferred
West
9
Util
Preferred
107
53
7
7
4%
4%
4%
1
preferred
Commonwealth
54%
46
Chicago Towel Co conv preferredChicago Yellow Cab capital
Z-Z5
Chrysler Corp common
75%
10%
24
July
Apr/
10
2
Jan
38%
1% May
Jan
Oct
49%
Oct
Jan
,11%
Jan
15%
67%
,
Jan
85
July
May
115
12%
1,400
3%
Jan
24%
7,300
21%
Jan
4%
4%
250
2%
Jan
16%
16%
40
10%
Jan
9
2%
2%
2%
50
1%
Jan
—25
19%
19%
19%
300
14%
Jan
pfd— .100
90%
90
91
83
Jan
14
14%
Apr
27
4%
Oct
18
23%
—1
-50
Edison
Consolidated Biscuit
Oct
6%
104
200
12%
61
v
30
74%
—10
Oct
Jan
3%
200
—25
common
113
26
150
12
10% July
99%
8,050
46%
Jan
Jan
Jan
10
12
)£ Mar
Vk
160
112% 113
—«
6
10
7
common
Cities Service Co
200
107
54
Central States Power & Light pfd—
Convertible
9
%
<>
—
•
Chicago Corp
8%
corn— _50c
preferred-—
common
common
Vtc
pref pt shares
Common partic
shs vtc B—_
Crane Co common..
Cudahy Packing Co 7%
cum
Dayton Rubber Manufacturing
Decker
Oeere
(Alf)
&
common— .10
& Cohn Inc
Co
com. -1
Dixie-Vortex Co
Domestic Industries
Electric Household Util Corp
Fox
Morse
July
5% May
American
General
General Finance
Preferred
General
—
49%
49%
2,500
7%
ZZ5
57% July
30%
■
39%
3%
3%
8
8
50%
.10
common
9
Goodyear Tire & Rubber
49
common..
Dk
common
Co
Brewing
Hein
Werner Motor
Hibb
Spencer Bartlett
(Geo)
A—
Illinois
Brick
Co
v
International
Interstate
Harvester
Power $6
(W
B)
Co
13%
Oct
19%
19%
150
17%
Jan
21%
Oct
10%
9%
9%
450
7%
Jan
9
9%
400
6
Jan
9% Aug
9
9
7%
Jan
9
50
Apr
May
35%
35%
40
25
Jan
37% Aug
35
35
50
30
Jan
35
12%
12%
50
10
Jan
17
1%
1%
100
4%
1,850
1%
4%
—
1%
Dec
July
2% May
Jan
Jan
4%
Nov
9%
9%
100
7%
Jan
16% May
18%
18%
19%
300
18%
Oct
23% May
__
com
*
15
15
15%
450
11%
Jan
19
•
68%
66%
68 %
650
57
Jan
74%
Jun
10
1
Jan
7
Oct
16
4
capital
4
12%
—1
;
*
♦
Jan
48%
Sep
Feb
102%
Oct
46
30
41
50
96
.
500-
1% "
4%
;
1%
4%
100
6%
1%
6%
2,500
150
%
5
8%
Jan
16
80
9%
19%
..
200
19%
100
15%
19%
—/ /,
19%
40
__
40
40
8%
* <'
180
% Jan
-
Jun
July
Jan
20
Sep
Jan
21%. Jun
Jan
27% May
37%
Feb
45
Jun
150
8%
Nov
13
May
Jan
16% July
6% Nov
14
14%
500
13
Nov
2
50
8%
10
Mickelberry's Food Products common.l
6%
6
6%
700
3%
Feb
Middle
5
9%
8%
9%
7,600
4%
Jan
9%
—...*
17%
17%
17%
2,300
8%
Jan
18%
N6v
—100
4%
1,200
1%
Feb
11%
Sep
11%
Sep
West
Midland
Corp
United
capital-.
Co—
.
Convertible preferred A-.
Midland Utilities 6%
7%
prior lien
prior lien
&
100
Common
stock
vtc
common
Preferred
*
*
Ward
&
Springfilled
Co
common
common
2%
„
National Standard
cap
common
stock
__
44%.
*
13%
1
Cooker
2%
•
*
Pressure
10
4%
500
2
Jan
2%
6%
2%
6%
850
1
Jan
100
4
27%
:
•
Minneapolis Brewing Co common—1
Manufacturing common—
*
5
4
27%
100
22
2%
2%
200
—
'
Hart—:
4
—
__
__
Oct
'f
v
.^43
44%
45
13%
11%
.
44%
210
100
14
200
11%
100
14
14%
33
33
"
*
1% July
5
1
15%
.
Feb
2% Mar
||
McQuay-Norris
common—
Jun
102
McWilliams
Manufacturing.—:
.«■
Dredging Co common—-
8%
45
»
common
Jan
102
6%
McCord Rad & Mfg class A
Juiy
5% Nov
102
1
—
Jan
Jan
6%
*
———
9%
3%
5%
6
7
common.
100
6
100
July
900
5
preferred—50
—_—
12%
4%
common.....—-'1'
cum
4
12%
1
Llbby McNeill & Llbby common...
Field
Sep
41% July
Lincoln Printing Co
Marshall
7%
Jan
Jan
La Salle Extension Univ common—5
Leath & Co common
Liquid Carbonic
56% July
9% May
common
Katz Drug Co common
$3% preferred
Jan
Jan
10
__
100
preferred
Kellogg Switchboard
Kentucky Utilities jr
6% preferred
4%
4%
25
__
——♦
Indianapolis Power & Light
44% Jan
250
Aug
450
__1
c
9
200
35%
10
t
Jun
4% May
Jan
13
9%
*
common
51 %
Jan
6%
34%
9
•
capital
Illinois Central RR
Indep Pneumatic Tool
Jun
,16% Nov
12%
__
25
common
Jan
Nov
6%
2
:
250
,
43
19%
3
common
1,650
7%
■
34%
—1
Houdaille-Hershey class B
Hupp Motors common (new)..
37%
Nov
41% Mar
13
...10
capital
Parts..,
Jan
Sep
18
34%
*
*
com
Harnischfeger Corp
Hormel & Co
•
50
\
Jan
14
100
7%
7
7
3%
200
50%
6Ya
.
common—
&
Mar
39%
100
•
Great Lakes Dr
15
31
Nov
ZZ5
—
8% July
Jan
50
July
Apr
6% May
Jan
30%
300
common
(H W)
23
50
common—— —1
Corp
Inc
16
Feb
16%
Nov
13%
6%
16%
Gillette Safety Razor common
Bros
Jan
Jan
3%
50
*
Jun
6%
42% July
1% Jan
550
common-
19
10
100
43
Sep
22% July
100% Aug
10
,
750
30%
x43
—•
Modlne
Jan
17
4%
Goldblatt
Monroe Chemical Co
99% July
7%
26%
17
100
200
1,550
~
Sep
3%
Jan
4%
Transp
21
Oct
7%
26%
—.
.
common—
Corp
11% May
80% Jan
40%
5 %
»
—————_
Motors
10%
20%
Jan
common—— —1
Manufacturing
Co
14%
5%
.15
—1
common
Gardner Denver
14%
10%
2%
26%
i
Jan
50
36%
11%
300
6
33%
V;''' 1
200
5%
<■
—5
——
(Peter) Brewing common.^
Fuller
ZZ*
70
/
10%
<
common
class A—L -1
Inc
Elgin National Watch Co
Eversharp Inc common
Fairbanks
36%
common
Dodge Manufacturing Corp
17
6
—
*
common
National Cylinder Gas common
1,800
7
300
—
National
2287.
3%
39%
Jan
20%
Jan
RR—
1970
1% Mar
Mar
2%
20
————il
lien
Montgomery
For footnotes see page
Jan
32
20
Illinois
Nachman
Inemtge4%% series A
%
50:
15flf
20
Jan
BONDS—
Boston & Maine
700
5 %
10
Illinois
Miller
Venezuela Holding Corp—
1%
38%
—.5
—
convertible preferred
Jarvis
-100
North Butte Mining
Sep
'
—1
common
Brothers
Gossard Co
July
40
July
9 % May
9%
50
Cqs.—......—_
6%
21% July
Ring common——— —_1
Piston
Oct
34%
6%
preferred- -Jioo
—
...
3%
16% July
35
6% Nov
31
30.10 30.50
30.50
1
Rubber
Jan
Feb
95
33%
34%
5
S
■
36
;:■/
7%
5
common
Old Colony RR—
L)
common—r_
Heileman
Narragansett Racing Assn Inc—
U
1.5
12%
»
New England Tei & Tel
11%
23
340
■■
Jun
76
Nash-Kelvinator
6%
Apr
33%
,
*
———.
Twist Drill
Jun
8%
,
'
1
Massachusetts Util Associates v t c J..1
Union
8%
Jan
12%
*
—j—
Maine Central RR 5%
Co
Jan
2%
48
'
■
-
Lamsori Corp (Del)
Torrington
2%
145
4%
»
Royale Copper
Assn.
10
4%
113,% 115
12%
International Button Hole Machine—10
Stone &
3%
5%
4%
Hathaway Bakeries $7 conv pfd—
Shawmut
Jun
;•
'
»
Gillette Safety Razor Co
Pennsylvania
6
11%
—
General Electric
Pacific
Jan
8
General Capital Corp...—.
National Service
2
30%
113%
m
(Wm) Sons Co
preferred
15
57%
;
''
■
...100
National Stores
6%
3%
lJ.V
Associationmil
Service
Copper
Jun
14%
Eastern SS Lines Inc common-
Kennecott
8%
1%
preferred B——————100
5% preferred adjustment
Isle
Jan
6%
1st preferred series A—...100
First
1%
5%
IZioo":
6%
Public
100
11%
10
—100
6% preferred —
—
Eastern Mass Street Ry common....100
Filene's
4%.
30
*
prior preferred—
Engineers
May
14
—
———
Group
8 %
30
'•
'
Gas & Fuel Associates—
Employers
8
Jan
3%
3% '/
-
3%
/
Jan
1%
3%
3%
—.10
—
Apr
2
554
—.
...
/
100
4
*
Co
430
3%
3%
—.5
—.————
Service
4% %
July
102
Jan
4%
*
Trust—
Nov
158% July
Consumers Co—
/
3%
—100
———
Boston & Povidence RR
Boston
99
3%
:
class D 1st pfd stamped— —100
Common
Oct
68%
class C 1st preferred———100
Eastern
Jan
32%
96%
class B 1st pfd stamped—..—100
East
116
127%
67%
21
—100
Range
Jun
._
100
....
8%
Cities
32%
Jan
807
1st preferred..—.....100
Stamped
Calumet
4% Dec
/
1,703
98
•
prior preferred
Copper
177%
35
•
RR—
7%
Stamped
Jan
32%
100
5%
10%
3
68
25
Boston
Z'Z
100
High
25%
116
(E
Convertible
Low
27
24%
116
7%
x3 %
5
common
—
Central & South
153% 156%
—
100
111% July
)
Wire-
—
Common
Range Since January 1
.
4)4
267/8
155%
7%
July
1
Shares
High
4%
'
50
Bigelow-Sanford Carpet 6%
Boston
Range
of Prices
Corp
Pence &
Common
Central
Sales
for Week
Week's
Last
Jan
1%
3%
»
Central
inclusive, compiled from official sales lists
Friday
Jan
Jan
3
July
42%
'
Manufacturing Co common. Z_io
5
Bendix Aviation Corp common—
1
Berghoff Brewing Corp——
Binks Manufacturing Co capital1
Bliss & Laughlin Inc common—. —5
5%
Exchange
Sale Price
90%
128%
900
5
5
Bastian-Blessing Co
Butler
STOCKS—
50
200
4%
38%
#
common.
Barlow & Seeling Mfg' class A com_
Burd
Nov. 27 to Dec. 3 both
27
Jan
155%
_
1
Co corn-
Investment Co
Bunte
Boston Stock
25%
7%
—3
3.50
42%
—
50
23% May
100
ZZI4
27
*
Fidelity & Guar
150
33%
4%
Belden
U s
26
33%
108
383
42%
-—2
28% Mar
Dec
3.50
—_—30
Casualty
Jun
25%
—
25
154
29
Apr
50
107
Dec
% Nov
6%
25
4%
80
40
13% Aug
155%
60% July
Jan
Jan
108
100
High
'
Jan
2%
11
..100
135
127
—
'
6
250
5
Co
common
67
.
Associates
Moore
Tel
&
Co
25
——
Preferred-'Z100
Tel
12%
•
....
American Public Service
&
650
12%
preferred.—.—— .—25
Chalmers
4%
Low
3,700
4%
__
.—10
common
Range Sine© January 1
■'
10%
1
...
Shares
High
10
10%
Castings-"ZZZ5
Jun
28%
t c_25
V
30
LOW
*
common
Aluminum
Aetna Ball
Armour
Guilford
Realty Co—
preferred stamped
for Week
of Prices
Par
Adams Oil & Gas
American
Finance Co of Amer A common
Sales
Range
Sale Prlc©
High
1.00 Mar
44
9%
143
16
392
144%
6%
143
...
STOCKS—
Range Since January 1
Low
10%
10
6%
20
Fidelity & Guar Fire Corp.——10.
Shares
1.50
Week's
Last
for Week
18%
1.20
compiled from official sales lists
Friday
High
18
1.35
-.-100
;
c—
Deposit
18%
*
c
Sugars Assoc com
Fidelity
—*"
—...
com
Chicago Stock Exchange
Nov. 27 to Dec. 3 both inclusive,
v
Sales
of Prices
Par
Arundel
Exchange
inclusive, compiled from official sales lists
Feb
Jan
%
36
Jan
3% July
6% Nov
29
July
3% May
Feb
45
33%
Jan
50
Sep
10
Jan
15%
Sep
Jan
14% July
9%
Nov
200
4%
Jan
14%
150
26%
Jan
38
Nov
* July
<
Volume
OTHER STOCK
5
cap
JNorin American Car common
Parker Pen Co
Steel
Car
24%
24%
Quaker
Oats
Co
Rath
St Louis National Stockyards
Dredge preferred-.
Standard
Common
14%
Jan
Indiana
of
Feb
5
Jun
Cleveland
Cliffs
A
Jan
1% May
Cleveland
Electric
1,150
23%
Jan
33
300
46 %
Jan
6%
Jan
13%
78
160
750
3
80
14
5
350
14%,
14%
13% July
National Tile
27%
%• 8 %
Sep
Richman
Jan
50%
Jun
Standard Oil of Ohio
100
13
Jan
17%
Oct
Thompson
2%
750
1%
Jan
150
28 %
Jari
10%
10%
12
12
7
12
Jan
14%
Jun
7%
Jan
12
Jan
27 % July
Nov
35%
900
25
15
1,000
22%
28%
28%
28%
600
27"%
300
Jan
15
July
4
Jan
7
Jan
15%
16%
600
6
Products
Works
Iron
Refining
Apr
Texas
*
capital—
Corp
25
53% July
Jan
42
100
47%
White
United
U
Lines
Air
Steel
S
common
Inc
22%
400
16%
50%
1,250
47%
Jan
100
112%
Jan
Industries
Woodall
100
2
Jan
3%
25%
25%
90%
91
Radio
Corp
20%
Jan
28
150
80%
Jan
Jan
1%
Feb
General Electric common
Anaconda
0
—.2
Jan
8%
Steel Corp
Co
L)
(Glenn
— _
Co
York Central RR
Pictures
Paramount
Inc
6%
70%
5%
550
4%
Jan
300
19%
Jan
30
(The)
l
capital
common
:
Nov
45%
Jan
65
a
54% Nov
69
V
5% Dec
6%
800
35%-
500
6%
100
6
350
15
Dec
16%
,
30%
9%
U
Steel
2,400
6%
Jan
15%
350
10%
Jan
,,,
15
20
*
«.«•'
15%-
14%
■
Jan
30
26%
Jan
40
9%
Jan
19% May
Jan
12 % May
450
•
—*
Standard Oil of New Jersey capital—25
Studebaker Corp common
1
U. S. Rubber Co common
10
27%
27
27%
450
24%
Sep
29% Nov
Sep
New York Stock
f
Brands—
51%
53
200
46%
Jan
60 Va
11%
12
12
400
5%
Jan
13%
Jun
25%
Jan
46%
Sep
38%
*37%
300
r
Week's
Friday
—0
—*
8
8
Crank5
Cincinnati Gas & Electric preferred_100
20
—
50
Cincinnati Street —-—;———
Cincinnati Telephone
.
Cincinnati Union Stock
—50
Yards
Drug
Formica
Kahn
insulation
j-
U
U.
S
—;
Printing
14%
>
7%
15
4%
5
10
10%
30%
30% 30%
—
28
„
28% 28%
.——2.50
—T
.
.Jt
Gamble
Preferred——
Western Bank
:l' 7%; 8
72
72%
7%
,10%
*
—
Playing Card—
S.
72
5
—————-—I—*
——
Preferred
•
—
-*
Pumps
Procter &
7%
*
—
Magnavox
Natinal
—
*
—
Kroger -—
Lunkenheimer
6
100
—
—
9%
%
8
105
2%
3
102
103
100% 101%
101%
10
participating preferred
*
10
*
—
11
11
31%
'
30% 31%
19
19
20
11
;
5%
—
.—
5%
—
5%
%
6
91
50
10
18
55
Jan
May
Sep
Mar
200
251
206
72
2% Feb
81% Jan
Columbia Gas
Standard
—
—
Brands
Timken Roller Bearing—
For
11
Sep
% Aug
Nov
Nov
6
Dec
84
Feb
196
Jun
74% July
9% Jun
7% Jun
145
124
4% July
103
Nov
101% Dec
60
Jan
7% Jan
115
23% July
9% Jan
437
9
2% Jan
7% Jan
150
5
13% May
16% Jan
177
60
20
20
35
30
30
Jan
100
Feb
6% Feb
24% Feb
20
595
150
19
11
3
6
56%
54%
56%
296
48% Jan
58
20
30% Jan
8V'8
50 ,
39% 40%
8%
8%
50
51
6%
6%
95
46
100
42
10
54
6%
11%
3%
12
3%
287
293
49
26%
49%
236
27%
31
25
44%
44%
35
„
3
Jan
38
Jan
4% Jan
Nov
Dec
Jun
6% Oct
% Feb
1
Feb
123
3
Jan
May
32% Oct
25
Dec
1% Jan
100
Dec
-
July
July
Sep
July
Oct
Nov
Dec
,
Mill—.
Motors
General
10
110
1% Jan
11
3% 3%
—
10
*
—-—_——_50
10
28
High
footnotes see page 2287.
12
25
*
—
10
50%
•
27%
.
-
10% Jan
2
Jan
16% July
5% Jun
44% Jan
55% July
Sep
29% Nov
41% Jan
49% July
Sales
Range
for Week
Low
5%
25%
&
Detroit
Edison
common
common——
Wood Industries common
common
Motors common
common
common
.
Drug
common
(S S) common
Lakey Foundry & Machine
Kresge
Masco Screw
Michigan Die
—
Casting common—
Michigan Silica
common
common
Scotten-Dillon
Sheller
common
Manufacturing common
Simplicity Pattern common
Standard Tube class B common—
Stearns (Fred'k) common—
Preferred
Timken-Detroit Axle common—.
Tivoli Brewery common
Udylite common
Shirt Dist common
Jan
4%
15
2%
1% Mar
400
Apr
May
17
Nov
2%
500
880
3%
Jan
6% Jun
3%
225
2
Jan
4% May
Jan
17
Sep
28
July
56
1,252
44%
Jan
2%
"1.00
2%
700
1%
Jan
3'% May
1%
390
R3c
Jan
2% May
1,00
2,200
53c
Mar
50
75c
19%
19%
12%
100
12%
12%
"7%
s
51c
2%
65c
21%
1
1
1%
»
—10
1
1
1
,—•
100
10
1
1
—
Jan
16%
Jun
Jan
11% July
Jan
83c
Apr
Jan
4
Jun
66c
Feb
75c
Apr
21%
280
19%
Jan
23 % Aug
•
539
51c
1%
650
2
4%
1%
20c
350
1%
1%
450
1%
1%
200
Apr
Jan
4%
Nov
1
1,700
1%
4%
Jan
13c
1,000
Nov
2%
100
2
17c
7%
Oct
9%
4%
49c
'."v
2%
4%
1%
13%
.
250
53c
2
1
1
20
Jan
400
7
July
Jan
9%
725
7%
,
Dec
1.00
14%
205
12%
12%
*
U S Radiator common—————1
Universal Cooler class A
—,—*
Class B
——*
United
100
Apr
22% July
Jan
1%
50c
Murray Corp common
10
Park Chem Co common
:
1
Packard Motor Car common—
*
Parke, Davis common
*
Parker-Wolverine common
*
Peninsular Metal Products common—_1
Prudence Investment common
1
common
210
16%
Jan
2
4%
3%
Jan
1%
Apr
2 % Jun
Jan
1%
.
1% July
28c
Feb
2%
Jun
1%
1%
100
1%
Nov
2% Mar
8%
Mid-West Abrasive
River Raisin Paper
Jan
3
17%
25%
50
2
Products common
Jun
5
2%
4
"2%
10
common-—1
McClanahan Oil common.—
Apr
7% May
,
25%
2%
"4%
1
LaSalle Wines common—
■
4,550
5,161
20%
Jan
'
650
4%
1%
15 %
Jan
Jun
Jan
9%
275
3 Va
3
1
—
1%
4%
100
I
1
Apr
30%
Jan
21
250
25%
4%
4
19%
16%
Bearing common...—10
Hoskins Manufacturing common
2%
Houdaille-Hershey class B__,
*
Hudson Motor Car common
*
Hurd Lock & Manufacturing com
1
Kinsel
6
7% May
1%
3
1
1
3
1
10
1
1
Products common——
8%
Jan
11%
Hoover Ball &
Kingston
Jan
4%
1%
19%
1
Brewing common
5%
700
11%
4%
JNav
Brewing
300
1%
common
Trailer
6%
11%
4%
High
Low
High
6%
4%
Range Since January 1
Shaies
of Prices
Sale Price
Par
common—10
20
Detroit-Michigan Stove common
1
Detroit Steel Corp common
5
Cleveland
Detroit
Graham-Paige
Low
Week's
Forge
Drop
Grand Valley
Range Since January 1
Unlisted—
American Rolling
official sales lists
both inclusive, compiled from
common——:——5
Baldwin Rubber common
1
Briggs Manufacturing common
*
Brown, McLaren common
1
Burroughs Adding Machine—
*
Continental Motors common
1
Atlas
Goebel Brewing
Sales
Shares
High
6
—
*
;
Art
Hatfield
105
—*
—,
—
Eagie-Picher —L—
Gibson
105
—
Crosley Corp
Dow
8
—
Ball
T P—
%
—
—*
i——
9
—
100
Preferred
of Prices
Low
Par
Exchange
DETROIT
STOCKS—
General
for Week
Range
Last
—
Nov. 27 to Dec. 3
General Finance
compiled from official sales lists
Sale Price
STOCKS-—
&
Chicago Stock
Detroit Stock Exchange
-*
-V;
Gar
Cincinnati Stock Exchange
3 both inclusive,
Associate
New York Curb
Exchange
Friday
Frankenmuth
O
& Co.
Telephone: Randolph 5530
Fruehauf
N
63
a49% a49%
•
Members
%
20% July
Cincinnati
70
92
220
Watling, Lerchen
July
July
Jan
—
32
al6
al6
May
15%
650
23%
22%
— —
common
Sep
100
Last
15
23%
9%
319
a34% a34%
al5
a 15%
*
—
Jun
14
Baldwin
Nov
a38
a38
a34% a35%'
*
common
■
10%
900
Aluminum Industries
May
3
Jan
60
18^/8 alb78
al8% al8%
—
common
Steel
S
May
1,300
C
RR
Apr
24
i
16
American Products
20
S*o
7
39% July
Jan
8%
Nov. 27 to Dec.
Jan
)%
25
9 % May
Jan
9%
•
Republic Steel Corp common
9%
8%
Apr
•
15%
Burger Brewing
2»A
8%
—
July
100
1,250
15%
New
150
200
14
2%
common—*
"
*
Apr
24%
300
54%
5
Radio Corp of America common
34% July
Jun
9
Standard
Republic
July
53
25%
,
15
10%
•
•
♦
common—
11%
31%
6%
6%
Feb
15
7% May
37 %
Jan
6%
200
x8%
5%
15
23%
120
14
Sep
34%
5%
•
July
Apr
Jan
8%
51:
5
•
-
capital
Co
Oil
Jan
58%
54%
•
common
Corp.
Nash-Kelvinator
Pure
3%
100
25
1
Electric
Pullman
!
53
Nov
15
592
Detroit Stock Exchange
•
Interlake Iron Corp common
New
450
29%
50
100
common
7
Jun
31%
Ford Building
Curtlss-Wright
Martin
■
0
5
5%
5%
•
300"
65%
4%
65%
*
Mining
Copper
Bethlehem
General
Central
Oct
Topeka & Santa Fe com
Atchison
York
New
4% Mar
5%
•
Jan
11%
688
Oct
13
5%
1,350
Radiator & St San com
1%
100
Unlisted—
Addressograph-Multigraph
Stocks—
Unlisted
American
2
100
7%
12
12
5
275
98% July
2%
common
7
Dec
July
100
7%
Yates-American Machine capital
Zenith
59 % July
2%
Co capital
(Wm Jr)
Wrigley
% May
4% May
3%
J-
*
common—
Nov
2
11%
125% July
*
common.
Bankshares common
Wisconsin
Jun
50
*
50
common
Williams Oil-O-Matic
32% July
Jan
~
Wieboldt Stores
86%
22%
100
1
Walgreen Co common
Wesunghouse Elec & Mfg common
Nov
120% 120%
50%
^
preferred
Utah Radio Products common—
cumulative
7%
76%
200
77%
77%
77%
♦
5
190
Apr
31%
50
Motor
Industrial Rayon common
capital
Transp capital—
Union Carbide & Carbon
Sep
1
a29 % a29%
Cleveland Graphite Bronze common
47%
Jan
150%
613
a38% a38%
*
Stores
Drug
14%
31 %
2
—-
~3%
25
1%
7
—*
-
—
200
al7
al7
14%
14%
*
Inc„
58
11%
190
1%
.———25
18% Mar
Jan
13%
a
11%
al7
14%
Feb
18% Mar
Jan
16%
26%
.
Bros.
Dorn
Warren
9%
860
Nov
14%
100
10%
16
-
Van
88
6%
15%
*
Patterson-Sargent
Weinberger
26
capital
July
3
11%
5%
*
101%
Jan
38% July
11%
11%
♦
Feb
3
42
2
30%
35®/a
——*
—
30%
15%
34%
Jan
190
common
83
NOV
34%
30%
al3
Nestle LeMur class A
Oct
15
28
155
*
80
10
Mar
50
108
14%
•
preferred——100
——
50
,
~9
364
17%
a
Apr
July
104% 104%
new
8'/c
51/4
■
•"
17%
1
Refining,
15%
%'
5
48
18%
14%
a34%
—*
Acme
49%
101
101
Jan
50
•
National Refining
Oil
10%
37
*
Cement——
National
Ohio
16%
capital
Portland
Apr
59
11
a34% a34%
*
& Sessions
Medusa
National
Jun
26 %
International
Lamson
Sep
Jun
July
22% July
71
a37% a37%-
*
;
Sep
10
5
8wlft
Steamship
Jan
20
Jan
Jan
•
preferred—
Island Lime & Tr_
4%
350
10%
22
13
100
13%
13%
a
5
cum
17%
50
10%
22
Kelly
55
all2%all4
25
Rubber
&
$5
90%
9%
Sundstrand Machine Tool common
Co
Tire
Interlake
15
62
62
62
*
5
Jan
Jan
3
100
pfd
Co
Rubber
Mar
59%
100
3%
3%
*
$4.50
Mar
60
Jan
250
*
(M A)
Apr
7
18'/a
Halle Bros common
19% May
Mar
57
18
common
Tire &
Jan
3%
Jan
50
6
3%
Jan
57
19
Goodrich B F
Mar
40
Apr
1%
■
•
40
18%
6
1
*
34%
50
37%
5
10
as
Corp
General
Jun
92
Jari
70'
;
bwin
May
Hanna
18%
25
Storkline Fur Corp common
Cliffs
61 '/a July
250
57
Iron preferred
Ilium
418
a42%
a41
High
Low
High
Low
l
2%
Range Since January 1
Shares
3
100
Controller
Clark
10
'
capital—*
—20
—1
Stewart Warner Corp common
Nov
24%
3
*
__2
capital
Corp of America
Brewing
50
—
Oil
Standard
25%
100
56%
37%
Signode Steel Strap Co commonSinclair Oil Corp
—
•
South Bend Lathe Works capital——5
;
Oct
200
80
—
pfd—
23
9
for Week
Range
Par
Goodyear
Sears-Roebuck & Co capital___
—
Jan
10% Jan
77%
,—10
Southwestern Light' & Power
Oct
10
Manuiacturing 67» pfd
5
Reliance Manufacturing Co common_10
Rollins Hosiery Mills common——4
Spiegel Inc. common
16%
Sales
Week's
of Prices
Sale Price
STOCKS—
24%
•
..
Corp class B common
Sep
55%
Raytheon
Serrick
19 J/a
%
%
_1
Packing common-—.
Jan
20
3
3
50
common
8%
Last
Canfield Oil preferred-
%
—*
common
37% July
300
15%
Peoples Gas Lt & Coke capital—_100
Pressed
Jan
20
5
capital
RR
Pennsylvania
15%
20
10
(The) common..
Coal Co class B common
Penn Gas & Electric common A
Peabody
23%
400
16%
pfd—__100
77o
Utilities
Western
16%
*
Northwest Bancorp common
North
32%
compiled from official sales lists
Friday
50
32%
20
Noblitt-Sparks Industries Inc
Nov. 27 to Dec. 3 both inclusive,
High
Low
High
Low
1
Range Since January
Shares
of Prices
Par
Cleveland Slock Exchange
for Week
Range
Last
EXCHANGES
Sales
Week's
Friday
Sale Price
STOCKS—
2283
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Number 4235
158
8%
300
5%
Jan
11% July
1%
Jan
2%
Jan
2%
2%
2%
600
3%
3%
3%
785
30%
1%
30%
788
8%
8%
520
1%
5,279
28
5%
76c
3% July,
5
May
Jan
32
May
Jan
10
May
1% July
Jan
1%
1%
1%
1%
656
1 %
J an
"2%
2%
2%
200
1%
Jan
3%
11%
11%
480
10%
Jan
14%
Apr
3%
100
2%
Jan
4%
Jun
Jan
2% July
"3%
3%
1%
2%
200
7%
1%
1%
300
1%
16%
16%
16%
100
13%
2%
100
100
100
90
100
Jan
2% Mar
.
Jun
2% May
Jun
16%
Nov
Nov
100%
Feb
t
24 %
Dec
1%
Jan
i>':
:■
;33% Mar
24%
24%
150
2%
2%
550
2%
2%
400
2%
Feb
4%
4%
2%
350
3
Jan
600
1%
Jan
3%
Jun
2%
6%
150
3%
Jan
7%
Jun
6%
1%
1%
700
68c
Jan
2% May
29%
319
17
Jan
29%
29%
4%
895
2
Jan
4%
4%
375
Aug
1% Mar
1%
1
3%
3%
500
3%
Oct
12%
12%
130
7%
Jan
2%
Nov
1:3% May
4% Oct
—
—*
——*
Warner Aircraft common———1
Wayne Screw Products common
,__4
Walker &
,
Class B
Young
Co
class A—
—
Spring &
——
Wire-————*
1
5
Nov
Nov
Mar
17% July
f
2284
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, December 6, 1943
OTHER STOCK EXCHANGES
Los
Angeles Slock Exchange
Nov. 27 to Dec. 3 both inclusive,
Philadelphia Stock Exchange
compiled from official sales lists
Nov. 27 to Dec. 3 both inclusive, compiled from official sales lists
Friday
Week's
Last
STOCKS—
of Prices
Sale Price
Par
Aircraft
Accessories, Inc
Bandini
Petroleum
Aircraft
Chrysler
Corp
Co
1
*
of
America——
Electrical
Products
Motors
Paint
General
II4
Corp common
Corp common—
Gladding, McBean & Co
Tire
Goodyear
Lockheed
Co
Menasco
Mfg
Co
Oil
Gas
5 % %
Co—,——
-
Richfield
Oil
Co
Corp
Oil
Oil
Western
494
13 %
Nov
164
9%
Nov
87 %c
12,792
Jun
13%
$1
41
Mammoth
Cardinal
Gold
&
Jan
56% July
&
Armour
Co
1.80 May
Dec
35
Baldwin
Locomotive
Barnsdall
Oil
Works
Co
Philco
Corporation
60
May
60
40%
10%
8
22%
22%
256
11% July
35 V*
Jan
46% July
32
Jan
42
22
Westmoreland
Westmoreland
2,192
21 %
Jan
257
30%
29%
Nov
Crown
28%
Feb
32
9%
70
2%
Jan
11%
Oct
36%
39%
170
37%
Oct
43%
Feb
54%
54%,
59
48%
Jan
63% Mar
1%
1,944
13
Jan
2% Aug
32% Mar
37
507
16
Jan
35%
2,342
28 Va
Jan
Inc
—-—10
—
Coal
•••".'
4%
100
7%
2,008
18% al8%
73
18%
8
2,031
1%
Jan
6%
Jan
6 Va
May
24% July
15%
Jan
22% Julv
Jan
10
100
6
Nov. 27 to Dec. 3 both
General
Goodrich
Jan
7
Oct
Allegheny Ludlum Steel
7c
Sep
Blaw-Knox
1%C
1,000
%c July
2c
Apr
Clark
8%
350
11%
Jun
Duquesne Brewing
36%
156
25%
10
658
365
6%
Jan
39 % Aug
131%
Feb
24%
Nov
43% July
156% July
31%
Jan
3%
Nov
12 %
Feb
19% May
13
Jan
33%
Nov
19
July
38% July
190
3%
Jan
6
July
Jan
.
64 Va
Feb
27
55% Nov
July
Jun
6%
69
July
al2
12%
20
15%
Sep
15 %
Sep
a28%
28%
20
28 Va Aug
29%
Sep
a33%
33%
7
25
29%
Feb
34%
Nov
7%
12%
Jan
11% May
42%
Jan
45
95
2
12%
15
9%
Jan
U
a
6%
35
3%
a3%
220
43%
41%
1,115
%
Jan
%
a9%
10
152
Jan
10
Nov
5
20 %
4%
260
4%
Jan
30%
25
29%
Feb
37
al4%
14%
20
15%
Nov
16
6%
845
5%
Fort
5%
Dec
9%
Dec
17 Va
Mar
35%
489
37%
1
*
1
40%
37%
1
Mountain
National
Penn
31%
67
35%
50
36%
Jan
39
Jan
42
Apr
a6%
a6%
a25'/2
25%
105
26%
Nov
36
Jan
35
Republic
Seaboard
Sears,
Westinghouse
Oil
of
&
.Southern
Oil
Oil
Studebaker
&
Del
(N J)
a25 V$
Sulphur Co,
Jan
5
Aircraft Corp
Corporation (Del)
U S Rubber Co
25%
177
204
34%
3
15%
50
8%
8%
145
16
a21%
16
21%
255
50
2%
24
Jan
Westinghouse EJec & Mfe Co
Willys-Overland Motors Inc.,
(F W)
92%
*
92%
.
55c
5
10
10
GO r*
40
55c
Jan
Jan
4%
100
Apr
Nov
Jan
9%
70
4%
4%
III
Air
14% May
98%
6%
Oct
Apr
Jan
25c
90c
Aug
10
Sep
25
5%
Jan
3
150
2%
Jan
3% July
5%
—1
10
3
—
6
47
5%
Nov
9% May
565
15%
Jan
24% May
'
•
Brake—
20
19%
Established
20 Va
Nov
23%
33% Aug
35%
12%
19%
5
Jun
Chicago Stock Exch.
20%
-
Phone
Postal Long Distance
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
Bell Teletype
St. Louis Stock
SL593
Friday
Last
Aug
STOCKS—
Nov
Sale Price
Par
Jar?.
12% May
Century Electric Co
Jan
20% July
19
Feb
25 Va
Jun
Coca-Cola Bottling common—
Columbia Brewing common
87
Nov
Falstaff
July
83 %
222
11%
965
Jan
15
18%
19%
375
16%
Jan
26%
27%
82
29%
Nov
59%
10%
Jan
31%
40
28%
Feb
29% Apr
29% Nov
36% July
53%
150
47%
Jan
60
Sep
May
11%
11%
220
5%
Jan
13
a26%
26%
106
24%
Feb
26
45%
47%
119
42%
Jan
Exchange
Nov. 27 to Dec. 3 both inclusive, compiled from official sales
July
a52%
Brew
*
for Week
Shares
Range Since January 1
High
Low
High
5%
225
3%
Jan
.6 Va
Jun
23
23%
17%
Jan
26%
11%
11%
11%
25
7%
Jan
11%
Dec
11%
12
135
7%
Jan
13
Nov
1
common
lists
Sales
100
Sep
6
•
36
Laclede-Christy Clay Prod common,—®
100
5%
Oct
7% July
9%
100
7%
Jan
9%
Dec
6%
•
6
9%
—
International Shoe
■
23
1
Hussmann-Ligonier common
:
®
Huttig S & D common—
5
Hydraulic Pressed Brick preferred—100
Range
of Prices
5%
,5
common...
Week's
Low
10
-
,
6%
20
3%
JEin
7%
Oct
36.%
175-
28%
Jan
5%
100
5
36
5%
Jan
38% July
7% Apr
45% July
50 %
% Aug
Aug
McQuay-Norris
common
National
Bearing Metals common
Candy common—
a34V4
34%
34%
55
12%
13%
25
9%
Jan
15%
July
National
76%
78
94
81 Va
Oct
84 %
Apr
Rice-Stix
a92%
94%
5
a22 %
23%
205
18%
Jaii
29
5
24%
25%
413
24%
Nov
*
39 % May
1%
1%
100
y
Jan
2% May
a37%
37%
147
St
Sep
85
33
Mar
45
•
49%
49%
460
48
—Ills
Jan
59
July
10%
10%
100
Jan
15
100
41%
210
Louis
Car
Goods
90
38
Jan
93
12%
Jan
16 Va
Aug
15
15
75
11
Jan
16%
Jun
.*
35
35%
320
14 Va
Jan
40
*
common
common
9
9
10
6%
Jan
10
preferred—
Sep
Sep
50
50
10
40 Va
Jan
50
Nov
25
*
15
St. Louis Public Service common A~l—1
Sterling
Stix,
Aluminum
common
Baer & Fuller
9%
1
10
10
9
15
common
30
9*
2
8%
Jan
11%
10
125
6%
Jan
12
9
320
6%
Feb
10% July
145
24%
Jan
34
9%
Jun
July
% July
41%
Cement
_
Dry
40%
15%
100
Portland
al3Va
40
15
40 Va
_.
Missouri
10
a77Ya
St. Louis 2, Missouri
CEntral 7600
Apr
a31%
a46Ve
Co.
&
1922
Chicago Board of Trade
14%
11%
a
North 4th St.,
300
Apr
31%
a79%
Iq
United States Steel Corp
Warner Bros Pictures
Inc~_^
Western Union Telegraph Co
92%
85
Edward D. Jones
«
Lines Transport
—25
11
Mar
26
May
20%
19%
,25
Co—
—
Springs
July
15%
11 %
Union Carbide & Carbon Corp
•
Union Pacific Railroad
Company—_100
see
21
20%
25
For footnotes
Jan
24
a
1
Woolworth Company
12
400
25
Corp
11
July
2
Mar
25
8
95c
Feb
1%
10
common
18% July
3%
*
—_/
Water Associated Oil
United
Jan
3%
3%
(Indiana)—25
(The)
United
10%
2
15
Co
United Air
30
16%
"
Inc
—_—
26
Dec
4
18% July
9% Jun
Apr
14
16%
•
:.
26
Jun
Nov
Jan
25c
20
5%
17% May
14%
Jan
5%
720
1%
1%
Nov
8
July
20%
Nov
a
*
Co
Texas Corp
Tide
48 Va
Jan
8%
15%-
*
Texas
Gulf
Feb
10%
123
a34%
Company
Co
36%
800
8%
1514
*
Brands
Standard
227
15%
a
25
Ry Co
Standard
45%
«
50
Corp
Co
42%
♦
♦
Steel
124
50c
50c
11% Jun
Jun
8%
*
:
50c
—m
,
St. Louis Listed and Unlisted Securities
Apr
87%
15 y4
15%-
;
Socony-Vacuum Oil Co
Swift
a45
1
Incorporated
Roebuck
Standard
*
*
:
Corp of America
6%
6%
a
Nov
8
'
16% May
Dec
Radio
Jan
—10
Manufacturing
Shamrock Oil & Gas
Mar
Jan
Pure Oil Co
Jan
13%
i
,1
20
6%
Pullman
1%
121
296
4
3%
New York Stock Exchange
St. Louis Stock Exchange
5%
Pennsylvania Railroad Co.
Phelps Dodge Corporation
225
Aug
29%
—-
Jan
8%
8 Va
28%
360
Co
14% Nov
15 Va
Nov
500
Car
50
8
27
50
310
Motor
Jan
530
455
Jun
31%
•
Mem bens
6%
Packard
2
4
14%
14%
15
.1
Oct
12
:
Jan
3%
May
29%
—
6 Va
8 Va
2 Va
6Va
Co
600
3%
___
39% July
11%
American
7%
15 Va
Feb
29%
North
_
Steel
Jan
14%
1
»
Ohio Oil Co—
__
Co
Standard
Jan
6
14%
i,
Ho
Pittsburgh Screw & Bolt Corp—
Ruud
00
380
4
.5
Corp
common
Pittsburgh Forgings
Pittsburgh Plate Glass
Renner
100
7%
7%
July
*
;
—
Supply,——
Fireproofing
Federal Corp
Preferred
High
25%
*
—
Fuel
Low
24%
—10
—
Range Since January 1
High
—1
Gas
9% May
7
.
—
1
Shares
7 l/a
300
23%
a6Vs
*
Inc.
Low
*
common-
Sales
for Week
of Prices
»
Brewing
Star
Nov
4
15
a23%
-
Oct
———
Electric
&
Apr
15
100
a37
"... »
——___
5%
165
7%
34'/a
a35%
RR
Oct
—.————
Candy
Gas
Pitt
Lone
7Va May
7%
15
•
Aviation,
16%
25 Va
Oct
*
Central
Co.
(D L)
July
Co
American
Feb
Apr
4%
Kennecott Copper Corp
Libby, McNeill & Libby
Montgomery Ward & Co Inc
ifork
12%
20% Aug
July
International Tel & Tel—
New
40
43
1 Va May
a30%
Corp
North
15%
22%
Jun
15 %
_5
International Nickel Co of Canada
Jun
Apr
1
—
2%
Week's
■
Harbison Walker Refractories
Apr
5
Co_
Co
Jun
*
130
1
Graham-Paige Motors Corp
Great Northern Ry Co
Interlake Iron Corp__
1%
% May
inclusive, compiled from official sales lists
Par
Feb
17%
~7%
(B F)
■
2c
16'/2
(Del)——
Share
Electric
General Foods
.
3%
350
415
5
&
..
2,000
3%
1
Bond
11,695
2
15%
Sale Price
6c
3Va
Class A
Electric
Sep
2%
Last
STOCKS—
5%
14
_—
35%
Friday
May
48
1
Jan
Pittsburgh Stock Exchange
Sep
10
19% Mar
21%
a
17%
22%
__
«
4%
al2%
Jan
180
2%
20
—
39% May
25 Va
a43%
3*2
31%
30 % May
156
a
335
31%
.
2%
—
8 Va
53 Va
1
%
—
v..
1%C
25%
1%
Sep
22%
•
:
9%
—
i:——*
5c
-•
9%
1
*
5%
■
25
Corp.
Corp
30% Mar
Sep
560
18 Va
5
Zellerbach
33% July
Jan
32% Aug
403
34%
4%
*
Curtiss-Wrieht
Jan
22%
25 % July
100
!
26 %
50
Jun
Sep
150
Corp
20
26%
distribution——
Nov
35
a
Ex-stock
July
7%
5
Corp—.
31%
26%
common—lu-—————*
Corp
9
29%
—4-
15
Co
31%
—50
preferred
Gas Improvement—
13
20%
a}8%
$3
40%
90
Oil
26 y4
22%-May
United
Jan
34%
35
United
Jan
425
Continental
Jan
Nov
preferred——25
Invest Corp
Transit
Jan
15%
Continental Motors
13%
———
7 Va
55%
Aircraft
Aug
120% Aug
14%
Corp————
—
4
33%
Vultee
26%
Jan
50
——
Oil
Dome
270
'
30 V4
—
Salt
Jun
29 V4
29 y4
preferred
812
.
15%
Consol
Apr
114%
—50
—
2nd
5% Mar
275
41
23%
48
Jun
Jan
Nov
4%
Columbia Gas & Electric Corp
1,577
260
6%
7%
3
53%
Commercial Solvents Corp—
Commonwealth & Southern Corp
25
14%
Sep
July
25%
—-----*
Oct
24%
115% 116
21%
48%
55 '/a
Caterpillar Tractor Co—
21%
14%
44 Va
32%
Canadian Pacifie Ry—,
32 Va
Apr
21%
Jan
53 Va
-
Jan
16%
21%
Jan
Jan
a24%
-
23%
5,560
—50
Jan
15%
Corp
3,353
——3
—
2.10
a33%
Co
Sep
Apr
25%
21
24%
34 Va
*
Boeing Airplane Co
7% Jun
5%
3%' Jan
24
115%
302
—5
Borden
1,370
20%
*
1,160
__5
Borg-Warner
770
4%
25
—100
——
5%
Corp—.
Aviation
5%
"
20%
.
common—
Scott Paper common—————*
Bethlehem Steel Corp—
Bendix
Jan
Sun Oil
-
,_13
v t c
2%
4%
Sep
38%
5
Corp
5%
4%
'
May
—3
Aviation
5%
1
50
Reading Co common—
1st preferred
July
36c
25
—
*
39%
a36%
Fe Ry— 100
8% Mar
Nov
8
& Refining Co
Co
9% May
Jan
Light—-
Devonian Oil—————:
& Santa
Refining
Jan
3%
39 %
60
8%
(111)—
Topeka
Atchison,
4%
90
300
38%
.100
Atlantic
1,548
30%
42%
V
Nov
Stocks—
Co--.
8%
4%
33
622
.
Co.-10c
-50
7%
3%
Jan
8
Anaconda Copper Mining
77/a
4
-•
—50
Nov
Jan
9c
2,775
—25
American Tel & Tel Co
Sep
44
Mar
9%
22%
Amer Rad & Std Sanl CorpAmerican Smelting
Sep
634
common
preferred
Columbia
Unlisted
45%
Jan
50%
29
3%
•
■*
Mining Co—— 4—1
85% July
7% May
Jan
487/a
23 %
10 v4
2
Mining
Jan
167/a
50%
35
9%
—
—
Mining Co
1%
249
43
100
39%
—
Cons
1,707
Jan
.
Black
425
4%
41%.
4
33%
501
..
40 V4
,—25
—10
67^a
75%
%
40%
525
600
45%
'—4~
—
Gold
Juneau
74%
75%
19% May
10% Apr
38%
Mining Stocks—
Alaska
Nov
———.—-10
preference
4.4%
Sep
9%
70c
Dec
11
1,250
29%
!
57%c Mar
6,150
1.00
15
—-
1125
Inc
Jan
1,000
25c
*
Air Lines
8
100
9%
65c
a42%
—25
—
California——
Jan
6%
36%
Corp
Pennsylvania RR——
Philadelphia Electric Co
24% Mar
12
31%
—
Corp,—
of
13%
3
Transcontinental & Western Air Inc--5
Union
11%
5
,
California
11%
76
Sep
36%
Pennroad
May
10% July
Jan
31%
Oil Corp
Sunray
Transamerica
Jan
6%
29 y4
•
of
Co
4%
41
''
pfd A—.,,25
Co
Standard
450
675
"
preferred class B—
preferred C—
,
7%
45%
„
5 Va %
■
9%
29%
.
*
Southern Calif Gas Co 6%
70
6%
Oct
1.6
158%
«
Battery—
Motors
National Power
July
85
II-1
Ltd
16%
6%
Mar
41
Jan
25c-
•
c
Corporation,—
Pacific
14
Jam
57 %
III
Sinclair
Jan
26%
15
—10
Signal Oil & Gas Co class A.—.
9
16%
—*
Lehigh Coal & Navigation—
Lehigh Valley RR
7% July
141
87%
——
._
Sontag Chain Stores Co Ltd
Jan
200
•
common
Southern
7,832
5
Oct
Aug
55 Va July
12
«
6%
11%
12%
440
34%
41
common—
Calif Edison Co
Feb
44% July
General
Jan
11% Mar
July
13 V4
90
Safeway Stores Inc
-—„—
Security Company ,——— '1,30
Southern
Jan
405 Va
9 %
;—25
Ryan Aeronautical Co
Oil
7%
10
Sep
66 %
75
65c
common—. .—25
Indemnity Co——
Lighting Corp common-
Pacific
220
431
8
Electric Storage
127%
*
common—
High
,
689
—
5
Co
preferred
Low
14%
'
1
preferred—
Republic Petroleum
12%
: '
Nov
7
——
———
Electric
&
1st
Jan
54 Va
9%
1
Petroleum Corp
Oceanic
3%
215
300
6
,
Co—
Petroleum
1,164
6%
—
——
1
Occidental
7%
11%
'
10
—
III
,—„—
Merchants
Oct
Jan
839
9%
,1
Aircraft Corp,
Co_
10%
22 Va
33%
—.
—
Angeles Investment Co—
Magnin (I) & Co common--.
Oil
Jan
Aug
75
a34%
1
Los
Mascot
6Va
Pub
Prior
14%
335
16%
—*
Range Since January 1
High
153% 156%
156 Va
t c___—13
v
Chrysler Corp
Curtis
Sep
19 Va
49%
*
-
,
81
.100
Budd Wheel Co
Sep
10% May
Jan
14%
Tel
&
Shares
*
1—1
Hudson Motor Car Co—
Lane-Wells
Nov
68%
Tel
Baldwin Locomotive Works
53 Va
5
American
14
July
24% May
1,105
6%
11%
Jan
Jan
1,110
49%
*
Co
Jan
45
11%
'
—
7%
16 Va
489
9
431
;
Rubber
&
—
Jun
19
1
w
Mar
2.05
1,210
7%
—10
2.00
21%
a44%
Bank--100
Holly Development Co——
Pacific
7%
'
#'
Corp
5%
75%
20 y4
M.—'
nzii
Jan
Jan
1.35
35
8%
„
—
——
Farmers & Merchants Nat
General
'
■'
Oct
75c
207
5
75%
75%
*
5 Va
365
18%
46%
45
—
5
Jan
of Prices
Low
American Stores
Sales
for Week
Range
Sale Price
Par
4% May
650
14
14
>
Feb
3%
350
STOCKS-
High
1.80
836
1.35
al8%
Aircraft Co Inc——
Douglas
1.85
'
46%
——..
Preferred
Pacific
14
0
—
Consolidated Steel Corp
Creameries
4%
1.85
——
Corp
2,150
1.30
1.30
<i
Broadway Dept Store Inc common
Byron Jackson Co————.
Central Investment
Low
2
4%
2
1
Range Since January 1
High
1%
——
Company
Blue Diamond Corp
Bolsa Chica Oil Corp
Cessna
Low
50c
„
Shares
50
1
1,10
a90%
5%
a36
5%
35%
91%
90
5%
225
36
270
7%
35% Aug
82
2%
36
Jan
Sep
48%
82
Wagner
Oct
Electric
common
30
31%
Oct
BONDS—
Jan
St Louis
Jan
8%
Jun
St
Mar
40%
Jun
Car 6s extended
Louis
25-year
Pub Serv
conv
inc
1st
,1945
mtge 5s
:—
92
92
1959
98%
98 Va
1964
63
63
$3,000
12,900
500
85
Mar
92
90%
Feb
99
53
Jan
71
Nov
%
Sep
May
page 2287.
V
,
LISTED MARKETS
CANADIAN
Montreal Curb Market
Montreal Stock Exchange
'
compiled from official sales
both inclusive,
1
Friday
Range
Steel preferred
Algoma
Aluminium
Ltd
.1.^100
—
?
common
;
-
__
Q4
•
I~50
6%
Jan
82
90
Sep
May
25
371
93
Dec
133
200
100
Nov
103%
100% 100'/a
Power
& Paper
'100%
common———*
A—"
Telephone Co of Canada—.*.-.-100
22
Breweries
22%
Bell
Jan
Jan
22%
Dec
'
•
British Columbia Power Class A.
13%
901
12
Nov
15%
Feb
227
141
Jan
158%
Sep
23%
1,921
14%
Jan
28%
29
21
B
Building Products class A—
Northern
5%
preferred
Canadian
————•
Power.
Canada Steamship
Canadian
170
9%
75
30%
428
5%
1,185
-5%
5%:
40
Bronze
"25
25 V2
——_
Canadian Converters
_.
1.45
Jan
6%
Oct
27% Jan
42 %
Nov
Feb
34
7%
Jan
12-
220
25%
Nov
27%
25%
34
25
27
127
133
*
Feb
.A
29
■;
■
17%
5
443
4%
common.—.
*
75
19%
consolidated Mining
..^L. loo
.i—
;4———
Bridge
;;
Dominion Coal preferred
Glass
Dominion
—
Us
9% Jan
37% Nov
46
July
28
120
27% Mar
29
July
Jan
95
Jan
112
22%
375
22
Nov
'31% July
14%
15
74
155
IlOO
•—
5 '/o
preferred
Preferred
•;
85
common..
Bridge
Smith
Preferred
Hudson
14%
100
14
Nov
8
180
85
91
11
109
10%
Paper
Tobacco
io
10
10%
254
9%
Jan
11% July
20%
20%
140
17%
Jan
22% July
23
23
23
100
17% Mar
Calgary Power Co Ltd 6% pfd..—100
A,.
;
Jan
210
8.90
Jan
10%
13
14%
11
11%
7
21%
19%
20
106
•—
——-
Oct
Jan
24
July
Jan
20%
98
Jan
19
12%
9%
Jan
110
Jan
26%
Dec
16
Aug
Jan
14
Nov
Cub Aircraft Corp Ltd
Dominion
Oilcloth
Donnacona
6%
Jan
16%
Jan
July
9% July
•
22
July
126%
Oct
27%
Jun
Nov
33%
Apr
,
10
11
Apr
12% July
33
340
26
41%
110
36%
Jan
13
1,521
12%
Nov
15
1,232
40
Jan
52
-23%
23%'
22
25%
Oct
93
,
10%
10%
100
1,575
7
107
Feb
48
Nov
10
7c
Apr
10c
2%
,10c
:2%
375
4%
5
5,080
100
.
28
50
22 % Mar
29%
30
310
5%.. 6%
1,846
24% Jan
3% Mar
29
46
■29
Fraser
Lake
John
St
Power
520
21% Mar
1,185
2% Nov
23%
'23%
1,399
19%
Jan
24% Oct
17
17
10
12%
Jan
20
17
17%'
480
12 %
Jan
20% July
18%
19
75
3%
Jan
20
Nov
25C
35c
1,000
15c
Ja»
75c
Jun
17
147
10
Jan
18% Sep
&
17
116
15%
Jan
16%
*
*
pfd—...100
Maple Leaf Milling Co Ltd com
Aviation Ltd—
of Can 6% cum
Provincial
22
July
103 103%
61
98
Jan
104%
Nov
7%
Nov
7%
7%
1.25
1.25
25
46%
49
505
4
4
125
90
90
55
7%
Feb
11%
Ltd
Stores
Thrift
6
Jan
Jan
34
62
Jan
90
12%
12
Nov
16
331
100
Dec
108
102
1.75 Jan
2%
1,725
13%
906
44
215
32%
14%.
14%
602
14
Oct
10
Nov
59%
Jan
-
10
60
60
10
60
,
I,:*40
76%
76 %
~"~35
""""TO
75:
75
;;; "io
5
5%
5
6%
'2,668
59
54
60
697
18
18
18
50
11%
,
4
Jan
Feb
pfd.100
105
105
25
102
Jan
243
139
Oct
Oct
106
4% Aug
Dec
4
Aug
4%
4
4
10
.10
10
10
100
23
23
60
1.75
1.75
1.75
235
1.25
Jan
2.00 May
60
60
5
47%
Jan
64
100
—*
common.....
25
*
2% Jan
10
Aug
Jan
25
July
17
Oct
15c
14c
15c
1,000
10c
Jun
*
2c
2c
2c
1,300
2c
Aug
2 Vac Aug
1
Ltd
21c
——*
Copper Corp Ltd.,
Mines
Arno
6%C
6%C
6%c
1,700
2 Va c
Jan
7c
3c
3c
3,000
lc
Feb
4c
Apr
6c
Jan
Nov
8c
July
2.04
Nov
...
Mines Ltd..
Mines Ltd— ...1
Central Cadillac Gold Mines Ltd— ...1
.
Gold
Cartier-Malartic
2C
2c
2 %c
15,000
2c
1
4c
4c
4c
1,000
4c
Cochenour Wilans Gold Mines Ltd.....1
1.90
Century Mining Corp
Ltd
Little
Goldfields
Mining
Mines Ltd
—
—5
—
Mines—
1
—
3.15
Jan
4.70
July
4.90
Jan
10%
Sep
July
1
—
-
A.
5c
2,500
5,000
80c
3.20
3.20
100
1.66
Apr
3.75
Sep
56%
56%
175
47%
Jan
56%
Nov
1.54
1,700
1.22
Oct
76c
Sep
Nov
2.15 Mar
3.45
Nov
1.04
July
500
66 %c
200
74c
Jan
50c
52c
5,650
38c
1.60
4,508
68c
Jan
3,00
3.00
200
6.00
6.00
1
3.00
3.00
100
1
—
6.50 Sep
6.50
Sep
2,60 Jan
4.00
Apr
'
1.60
Off 2.66 Jan
>
20f
Jun
4.00 July
'
716
20%
20
20
.
dOI l.or Jan
2,250
3.40
3.25
Lta__
,
100
1.25
NOV
3.30 Aug
1.90 Jan
08
'
Nov
;
OS
1.25
1.80
K
——
Company Limited—
65c
Jan
1.48
Oils—
Co
1.54 Nov
1.26
51c
Foothills Oil & Gas Company Ltd.
Oil
1.04 Nov
1.16
1.50
1
Gold Mines Ltd
—:
;
Jan
78c
3,600
3.25
Apr
July :
63 %c May
700
1.22
74c
—1
—1.00
Ventures Ltd
8c
99c
3.25
...1
Tech Hughes
Home
Feb
•.
Ltd—
Mines
Cons
29% Aug
19%
99c
1.16
...
Dredging Ltd.—
Jun
3 %C
76c
Ltd
Corp
July
1.53
3.20
——
—
Mines Ltd
Gold
500
Aug
5c
—
1
—
Sherritt-Gordon Mines Ltd—:
Siscoe
100
8.60
1
-
Mines Ltd
Gold
O'Brien
3.35
8.60
1.35 July
200
310
3.35
.III
Long Lac Gold Mines Ltd.— ..10
Malartic
1.90
25%
—
Mines Ltd.
Gold Mines Ltd.
Addison
1.90
25%
<*
Dome Mines Ltd.—
26
Dec
Apr
18% July
47
July
Feb
Feb
Canadian Funds
'■••
'
Nov. 27 to Dec. 3
both inclusive,
Friday
6%
Power &
preferred
Paper common—
—
—
Alberta Pacific Consol
Aldermac
Copper
11%
Aluminum
Ltd
.
Co.
of
__
•
pfd-100
14c
94%
100%
.
Canada
5%
76%
Dec
76%
Dec
64c
60
Jup
75%
Oct
Ltd——
Anglo-Huronian
Aquarius Porcupine Gold Mines
Arjon Gold Mines
—
Armistice Gold
2%
8% July
Jan
% July
21
Jan
63
13
Jan
,18%
-—
1/
Astoria Quebec Mines.'.
Aunor
Gold
:_»
*
1
Mines
Ltd.
5'4c
16c
426
lO'Ac
70c
5
llcl2%c
13c ,15c
94 96%
100% 100%
1,500
6,800
136
200
9c
9c
94
100
Jan
Jan
Nov
Nov
65c
6.50
8,700
2,145
2,500
23,600
Ll.-
10
128
Mar
133
132%
37
129
Jan
144
63c
6.35
54c
16c
55c
19c
156
147
Jan
160
Mar
243
243
42
223
Jan
139
139
60
132
Jan
Bank
of
Consolidated
Mines.
Montreal—
Nova
Scotia—
1
—100
100
131% 131%
130
155
Sep
Bank of Toronto
Base
.
254% May
150
Aug
Metals
Bathurst
Mining
Power
Class "B"
—
&
Paper "A"
—
1C0
•
"
»
47c
3.00
20c
16c
17c
21c
133 A
102%
Jan
Jan
Feb
Dec
48c
10c 12'Ac
3.15
46,300
2.450
13V2C
14c
8,300
__
14V2C
151
240
15c
155
240
3,283
19
1
8%c Jan
4c May
150 Aug
227
Jan
—
230
235
12
1,000
300
75
230
,
35c July
2 ,ac Jan
1.35 Jan
42c
3.00
14c
14%c
-
Aug
65
of
4 A July
33 July
Jan
Jan
24,700
Nov
Bagamac Mines
,
Range Since January 1
Low
High
200
890
3.05
...
Shares
2%
23 25%
Apr
9% July
Pec
24%
1
Oils—
of Prices
High
2'A
♦
100
—
common
for Week
Low
Par
Anglo Canadian Oil
5
Range
Sale Price
STOCKS—
lists
Sales
Week's
Last
Aluminium
Jun
;
compiled from official sales
41
19% Jun
"•72
Exchange
Toronto Stock
/'.'-A-
Bankfield
-
8
4
Mines—
Aldermac
Bank
100
July
5% Mar
July
\
-.100
97
10
Walker-Gooderham & Worts common."
Abitibi
44
131 %
131
155
Jan
87
25
Jun
9%
13%
100
—.100
100
Sep
May
6%
Walkerville Brewery Limited
Nov
30
1,055
2%
.
5%
Dec
7
Jan
3%
4%
10% July
90
—
75
1.25
49 %
6%
1st preferred-
6% %
Sep
17%
100
•
5
76%
Apr
45% Mar
75c
4%
i
Feb
16%
__
5% Feb
30
"A".—'—*
Products Limited
Standard Clay
Jan
Jan
is
cum
Jun
4%
14%
7%
Co
Transport
Quebec Tel and Power Corp
9%
50
290
*
trust.."
— *
—*
1st pfd.100
Power Corp
July
20
6%
19 %
103%
—....
Corporation Ltd
July
6 %
pfd.100
cum
6%' Jun
19%
—
Montreal Refrig & Storage yot
Moore
16%
17
Paper
Massey-Harris Co Ltd 5%
McColl-Frontenac Oil 6%
28% Sep
'
A
Corp
Minneapolis St Paul
Nov
Jun
3 %
'
Paper Co
&
Power
MacLaren
.'-r
May
4%
2%
—A—.
B
Class
2%
235
35
Jan
14
28%
17%
L_
Utilities
International
'
2%
23%
A_|L_.
Ltd-:——Ji.—
trust
Aug
-7% Aug
2%
of Canada-Ltd
Companies,
Voting
Apr
30
■
28%
2%
28%.
Motor
36%
'
i
29
5.00
Ford
6% July
1.30 July
30
t—__JL—_
Ltd
Jan
Nov
70c
6%
Jun
3
28
—1
Aircraft
Fleet
3%
2% May
60c
70c
.100
Apr
July
15c
28
19% July
12%
100
——>-*
...
Jan
Fairchiid Aircraft Limited—.—.
Aug
90
:
.
690
50
98
Banks—
Scotia
39%
•
pfd_
cum
■'"•'V
98
100
*
—+—1
Royal Bank of Canada™.
145
Aug
6%
"A'.'——~—
—
47
Sep
47%
.
98
preferred—•_—^——100
Montreal
47-
Sep
12%
23 %
...
~c
Apr
47
7%
'AlVz Nov
46%
13
47%
!
36
Jan
41
common—i™•—*
...—
77
Fanny: Farmer Candy Shops Inc
Royaiite Oil
32%
—_—:
50
preferred—..100
Canadienne
Jan
Oct
18
20
120% Mar
41
*-125
—
:
7Vc
Jan
25%
*
Linoleum
Ltd
Jan
3%
80
*
Paper Co Ltd.—
Eastern. Dairies
2
50
*
Works Ltd
&
200
38
*
....
Dominion Engineering
Jun
10 %
5%
4%
!•
common
Corp Ltd
Paper
Sep
3 % May
35
10
Jan
25
12
——-—
\
5%
100
12
—i—————1
•
\
Alcohols Ltd
Consolidated
62c
4%
Jun
33
>
Jan
Nov
3,229
126
l*
Rapid Transit common..—".
Preferred
—100 i
Nova
Commercial
Kirkland Gold Rand Ltd.—
Jan
6
230
20
———*
Zellers Ltd common..
85o
5%
Co. Ltd
"
Claude Neon General Advert Ltd—*
12%
17
265
18
550
1.69 Mar
Jan
1.48
,
35
lOO
—
Kerr
Oct
11
7%.
7
■
1.75
♦
Westinghouse
McKenzie Red Lake Gold
705
19%
Twin City
Commerce
preferred
Mclntyre-Porcupine
7%
7%
20
common—...——•
—*
13%
126
Shawlnigan Water & Power
A,—*
Southern Canada Power.._————
Preferred
7 Vc
Canadian
22%
55
12%
13%
19 %
Saguenay Power .preferred.^—_'-—-100
Si Lawrence Corp icommon
——•
Biscuit
12%
,
Jan
—*
....
common
39% Mar
25
.,
23
17%
of Canada.
Bros & Co Ltd common
Winnipeg Electric
preferred
17% July
7 % May
100
106
18%
—
common
Canada
5%
Canadian Vickers Ltd
Jan
*
30c
Jun
10% Aug
Apr
8%
Paper Inv—
Nov
700
-100
5 %
Viau
•
-100
Jw—i——v
National Steel Car Corp new—
Noranda Mines Ltd
of
32%
•
100
1.75
1.75
I
Company..
&
Oct
Jan
7
51
50c
Wright Ilargreaves Mines Ltd—
Paint Co common.—
Co.
Marconi
Power
13
328
,
22%
13%
7
Preferred
Steel
Canadian
Pato Cong Gold
•
Paper
10% Mar
1.58
50 c
—*
...
28
'
-100
preferred.—
preferred
May
107
A
1.58
class B—„"
Ltd
....
Normetal
Light Heat & Power Cons.
A
Common
50
28%-
21
22%
i-'—
i—~
preferred
Quebec Power
Jun
16% July
Jan
130
Jun
-
93
Feb
10%
15% Mar
Canadian International Inv Trust Ltd—
990
20%
21%
——
Power Corp
Industries
Canadian
20
100
Sep
19
96
16%
10%
10%
Ltd—"
101
Jun
91
95
16%
„
July
22% Aug
17% Mar
1,405
20%
20%
•
7%
Investments
Canadian General
Sullivan
——
Page-Hersey Tubes
Placer Development
Aug
12% Aug
Jan
12
v
655
28
19%
3,280
1,543
20%
28
—3
(Robert)
Ogilvie Flour Mills
,
7
7
■.
•
A)„_a—
McColl-Frontenae Oil
Breweries
Oct
8
Jan
27
240
23
13%
11%
common—
Tramways
12
98%
30
125
7%
Cottons
Sep
7%
.
Oct
90
12
91
107
28%
-100
Lawrence
14%
Jan
13
—
:
Co Ltd—
Lang & Sons Ltd (John
Laura Secord Candy—•
Class
Jan
4%
14
of Can common...5
_i———_t———
Lake of the Woods
St.
4%
8
5
Pr
Falconbridge Nickel
Preferred
Price
110
125
91
—,
—
International Power common——
National
Jan
275
*•
Murphy
Jan
5
29
Acceptance Corp cornof Canada com
Montreal
8
94
6%
Sugar Co
pfd——100
Canadian Dredge & Dock Co Ltd——*
Northern
26
104% Nov
Feb
101
975
103% 104
Sep
94
67
107
—
loo
—
International Petroleum
Mont
11% July
825
5
Dominion
&
Canada
.
100
—
common-
International Nickel
Montreal
i
Jan
7%
10%
—
Oil Ltd
Imperial
Apr
16% July
7% Jan
July
•
1.45
79
7%
:::5
—
Imperial
Mitchell
8% July
2% Nov
75
July
4
20%
Southern Canada Pow 6%
;
2%
32% July
Jan
*
Nov
v
5
•
Massey-Harris
156
...
Bay Mining
Industrial
Mar
Feb
5%
105
7%'
Nov
81
July *
2%
4%
Jan
5%
♦
Beaufor Gold
—
Preferred
151
6%
—
•
Mines
Renfrew preferred
Howard
25
105%
-
Sep
—
Hollinger Gold
Hoit
'Nov
50c
#
Hamilton
Apr
72
109
... —
Gypsum, Lime & Alabastine
96
400
10%
common
I100
(Charles)
Gurd
9% July
Mar
6
16
220
.
1,100
Ltd
Noorduyn
60c
■
I100
—
Wares
July
85
■—
—
10 %
14%
*
•
General Steel
Jan
8
Eastern Dairies
!
5%
225
7%
"
7%
60c
Gatineau Power common—.^..— —'
July
60c
7%
*_
Foundation Co of Canada
Aug
11
74
155
•
Dryden Paper
126
Nov
155
74
Dominion Textile common—..:—
Nov
7%
106
105
—
Jun
16%
Jan
119%
815
430
...
9%
7%
7%
11%
Sep
10
-'V
8
9V8
—
220
119% 119%
w
•
Oct
26
7%
-100
——_——
41%
100
410
15
■
—
;
36%
*
Dominion Tar & Chemical common
f
Jun
125
578
22%
22%
Dominion Stores Ltd———...
Preferred
13%
11
40
Dominion Steel & Coal B—_ --25
"Preferred
12% May
106% 109%
109
.100
common
7%
4,340
35%
--
Distillers Seagrams common..—r_
Preferred
Feb
12
,1
.
28
•
Dominion
Jan
6 % Nov
;26
Jun
Jan
39
40
—.0
& Smelting
Glass
Consumers
.' 33% Apr
"
"
Sep
,11
»
—~C
Cockshutt Plow
9%
9
Sep
33' : May
Feb
3%
15
19%
8%
;
Locomotive —l„
Oct
150
Jan,
25
85
25
25
July
39%
Jan
146
29
A00
32
■
Canadian
Feb
135
146
Canadian Pacific Railway——— Us
May
38
380
f
Canadian Ind Alcohol
114% May
8
33%
Too
Foreign Investment corn-
,
Nov
*
Canadian
Jan
July
30%
76
•
12
33
25%
m
common
7%
40
.
9
Sep
106% Aug
Apr
8
8l
25%
25%
65c
Ltd
Canadian
8%
Jan
5"%
Sep
17
Jan
92
July
33
33
commonZ
...
Celanese
Preferred
*
common..
Preferred
New
45
8%
Sep
5 % May
Mar
4%
120
7%
30 %
30%
•
Canadian Car & Foundry
13
9%
Preferred
Canadian
1,200
15%
104%
__
common—
Jan
8
50
:
—.
Breweries
Dec
2
7
—
—_••
common
23
103
7
104%
——•
57
700
3
>
15%
15%
———100
Preferred
3
3
;
•
.
Canada Cement common
Canada
•—"
——
23%:
23
—
*
Class
23
25% July
152% 155%
22%
Brazilian Traction Lt & Pwr„» y
910
Co
Oil
American
Columbia
Canada
Bathurst Power & Paper class
2%
Packers
British
15
250
12%
13'A
155'/a
•
;
Corp
22%
22
22
22%
Asbestos
Associated
High
2%
Paper Co Ltd "B"—•
Power Corp Ltd
*
Beauharnois
Feb
Range Since January 1
Low
High
,
Low
Bathurst Power &
21%
715
Shares
•
100
common
preferred
British
pfd~
Aluminum Co of Canada
for Week
of Prices
Par
Abitlbi
High
Low
Q4
V
1
Range Since January
88
88
Sales
Range
Last
High
Low
Par
Week's
Friday
Sale Price
STOCKS—
for Week
of Prices : Shares
Sale Price
STOCKS—
lists
Sales
Week's
'
"
compiled from official sales lists
Nov. 27 to Dec. 3 both inclusive,
Last
'
Funds
Canadian
Canadian Funds
Nov. 27 to Dec. 3
2285
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number. 4285
Volume 158
„
—
„
'9%cll%c
13
13
2
2
Nov
,8%c Apr
12 Oct
2
Dec
.
,
Jun
Aug
Mar
Feb
J-10 "ft
68c July
23c July
60c Oct
14c S p
3.50 Sep
J9j/2CJuly
19,2
,161 Jun
259
Mar
255
1?/2
15
3%
Oct
t!S
Ju y
Jun
it
For
footnotes see page 2287.
2286
THE COMMERCIAL & FINANCIAL
Last
Exploration
STOCKS---
Shares
Low
Sale Price
High
Par
1
35 %c
34c
35% C
8,700
10c
Jan
49 %c
Jun
Imperial Tobacco ordinary
1
1.60
1.58
1.60
4,800
70c
Apr
1.87
Sep
Inglis
21%
22
110
15
Feb
Oct
Inspiration
& Radium.
Beattie Gold Mines Ltd
»
Beatty Bros class A
Bell Telephone of Canada-—
_
156
195
90c
1,374
35c 37 %c
8%
152%
24
(John)
Co
&
156
i
X
Bidgood Kirkland Gold——
Biltmore Hats
Blue
Ribbon
Bob]o
Gold
:
Jun
23.599
9%c
Jan
63c
Aug
Milling
25
6%
Jan
9
Nov
International
Nickel
Oct
International
8
223
8%c
9c
3,300
"I—I1
See
1.10
,
Feb
Jan
8%
12c
International Metal
Mar
21c
4,815
8%c
Jan
24c
7.40
Jan
11%
"A"
,
Brazilian Traction Light & Pwr com—*
British American Oil
*
22%
21
21
20
Class
Jack
23
Dominion
British
Oil
Brown
Buffalo
Ankerite
Canadian
Hill
Gold
Burlington
Steel
Jun
Jacola
Mines
22ya
Jun
Jason
Mines-
23%
30
100
2%
19 %c
2%
2%
68c
123,179
7c
7c
500
3.3u
15
3c
—*
15%
Dec
July
1
221/4
17
July
Jan
100
July
90
July
97
97
Nov
Mar
26c
5
Feb
8%
Jan
100
17
112%
Jan
116
28 %
3,097
277%
Nov
39%
21
20%
21%
2,151
17
Jan
24
17%
19%
200
6
Mar
19%
Dec
20c
30c
600
20c
Nov
60c
Jun
4%c
4%c
4%c
Oct
3c
3c
1,000
lc
July
3%c
Oct
24c': 24c
4,000
13c
Jan
29%
Nov
5,056
l%c May
9c
Aug
115
—
Jellicoe
Mines
„i
115
Nov
Dec
Kerr-Addison
Feb
Kirkland Lake Gold Mining
1.60
Jan
4.uu
Jan
10 %c
Dec
Mar
13
17
Aug
Sep
l%c
2,000
Jan
4c
July
9%
10
9 %
Feb
4,300
1.15
Jan
1,000
21c
Jan
35c
Jun
3,903
5c
Sep,
9%c
Nov
5c
7c
4%c
•
.
' 4c
4c
13
13
10
8.50
8.50
8.75
4,720
76%c\ :76%c
80c
1,850
.1
;
2,000
4%c
5% May
12c
3y4c
—
11% July
Kelvinator of Canada
2.60
Oct
6%
75
7%
7
7
8%
535
4%
Jan
9
43%
43%
50
36%
Feb
44
Oct
_1
6%
*
Packers
Canada
Canada
3
Feb
1
Lapa
Cadillac
Mines—•„
Candy—
Laura Secord
23
93c
23%
7c
13%
►
._*
Gold
90c
13%
23
__
.1
Lake of Woods Milling common—'
-7%c
;L_'
1
3
10%
135
22
13%
13?8
160
4%c
2%c
4%c
5,050
1
1.10
108
1.10
5,100
97c
28,525
23
396
•
91c
•
90c
22%
22%'
v
'
10V8
Sep
91c
Sep
Preferred
Wire
Canada
&
Cable
79%
Jan
8%
Jan
14%
32
155
30%
Nov
64%
25
90
90
"A"
"lOO
Canadian
Bakeries
preferred——
Canadian
Bank
Commerce— .100
of
Class B
Breweries
■'•V
38
Jan
59
5
66
128
Nov
1st
sy4
preferred
Convertible
5%
1,510
39%
40
————.
Canners
Canadian
40y4
240
8
8
14
Oct
Jan
4%c
Dec
Jan
1.27
Sep
Juh
1.07
Nov
Feb
24%
Oct
Apr
22%
Oct
67c
19%
•
18
21%
22
85
3.25
3.35
3.515
1
2.17
2.12
2.25
6,315
Madsen
1
1.46
1.44
1.51
17,523
Malartic
1
3.15
3.10
3.25
11,370
1.65
Apr
•
l%c
l%c
l%c
6,000
%c
Jan
6%
6%
6V8
4%
Jan
Oct
93
Sep
142% Aug
22%
23
65
*
11
8
———
preferred
...
—
New
~_25
Mines,
Red
Celanese
Canadian
Dredge
Food
Industrial
Canadian
10%
Jan
14
Lake
Gold
Maple
Leaf
125
7% Mar
30
25%
33%
148
148
15
133
Milling
Preferred
16%
16
17
445
15
42
/
41
42
135
22
5
5
5
357
Locomotive
Malartic
Canadian
Canadian Oils Co
Canadian
A—
Rv—
Pacific
20
20
195
60c
60c
7,075
18
20
355
8%
9%
20
—
60c
————
1
19
common——
9%
—25
*
McColl
Frontenac
preferred—:
19%
19
19%
716
14%
Jan
22
July
Jan
104
Nov
100
11c
Feb
58
Sep
!
1.49
1.48
1.55
24,150
83c
Jan
1.55
Nov
3%c
"i
McKenzie
&
j; .'•••:*
Red
Mid
Mines
Mines—
Continent
—1
Mines
Gold
&
Gas.—.
Jun
Sep
Moore
18
18
130
16%
Apr
1.44
1.44
200
95c
Jan
1.47
Oct
National
1.00
1.05
1,500
54c
Jan
1.35 July
National
1.75
Sep
Aug
Negus
1.64
1.61
Central Porcupine Mines—————1
9c
8%c
Chartered
Trust
3,225
9c
8,046
—100
—
80
80
20c
1.15
1.25
14,900
1.75
*
1.75
1.80
1.87
Smelting
Cockshutt
Plow
Lake
Coin
Gold
Willans
Mines.
1.86
1.99
;
Co-
10%
V;
—_————
Commonwealth
Coniaurum
Petroleum
1,000
37c
4,100
&
19
Power
19%
•
-
Grocers
Co
Ltd
common—.*
Feb
Consolidated
Mining
Consumers Gas
of
30c
&
Mines
—
2.14 July
Nov
2.65 Aug
Norgold Mines
Jan
2.09
Northern Canada Mines—
*
X
1.64
47%"
Nordon Oil ——:
Oct
13%
Jun
Nov
18c
Nov
North
31c
13 %c
20c
Jan
Jan
1.74
Sep
O'Brien
Jan
15%
Oct
Okalta
38%
40
1,236
37
Nov
46% July
133 %
133%
134
136
123
Jan
20
80
4%
87
Oct
136
Dec
25
Oct
1.50 Mar
5
Gold
Oils
Dome
Mines.——
Ontario
Loan
Dominion
Steel
Dominion
400
25%
Jan
41%
Oct
109
490
99% Mar
111%
Sep
Preferred
26
590
18%
Jan
113
142%
Jun
29% Aug
July
Pamour
159
167
223/4
1,205
20%
Jan
30
Partanen
class
B
—2d
7%
7%
7%
150
7
——.D-————
9%
9%
275
5% Jan
10%
7%
7%..
100
6%
Jan
10
July
104
Dec
100
Oil——
Economic Investment
104
104
10
90%
Jan
10 %
10'/a
5
8%
Jan
——1•
12c
10c 12%c
Gold
Canada A
■..
Falconbridge
Fanny
Nickel
Farmer
Aircraft
Fleet
Y:.,
Mines———
of
Co
Canada
class
Gatineau
Power
preferred
Sep
Premier
Gold
8%
Nov
Pressed
Metals
34
34
10
1.16
9,105
21
40
3.30
20
80c
20
990
28%
29%
345
3 Va
25
24
24
/•>'
•
25
23%
233/4
34
Jan
Apr
July
32c
35c
8
73/4
8y4
310
85
86
Jan
Mar
3
Nov
12
,
10,900
86
3.10
21
:
830
32c
190
100
_—
90
General Steel Wares——
Gillies
Lake
Glenora
Gate
1
19%
18c
Feb
.
Nov
1.64 Aug
Preston
East
7%
77
Lakes
Preferred
common
Preferred
Gunnar
vtc
4.80
30
6%
24
Jun
Reno
Nov
Jan
Feb
Jan
4%c
4,400
3,495
12 %c
Jan
5,400
10c
Apr
lc
May
2%.c
2,500
2c
July
lie
2,000
3c
Jan
Mines
Lime &
90
10
62
-1
*
3c
2,500
5
5
1-00
20%
95
14%
19
Ltd.——
Alabastine
90
3c
—;.
20%
165
14c 14 %C
6%
—
'
Mines
Riverside
Silk
Halcrow Swayze Mines
———
-_1
1
Hamilton
»
Hard
Bridge Co Ltd
63/8
6%
1,700
630
Rock
Gold
Hasaga Mines
III
Miues
12c
'
10c
12c
15,700
3c
2%c
3c
10,500
5
5
475
5
99c
—1
4%
10
1.15
1.15
1.22
27,275
61c
Mar
63c
63c
700
38c
Jan
78c
35c
37c
4,616
8'/a
Jan
64c
105%-105%
5
104%
Feb
111
Apr
Nov
35c
..
.
6%
4%c Aug
1.16
Sep
'
3% May
5
Oct
Jun
Nov
1.26
6
6%
120
2%
Apr
Nov
Oct
Sep
7
3%c
4%c
20,000
3%c
Dec
9c
75c
Dec
88 %
Jan
v
2c
3
11% July
100
101
14%
9c
5%c
Sep
Sep
July
Nov
19c
Sep
4%c Aug
15c
Aug
Jan
Jun
May
95
July
3%c Aug
6% July
Julv
23
16 V2
May
23
ll%c
Jan
24c
5
Jan
98C
1.04
6,650
Apr
2%c Nov
4%
40c
1.10
Nov
Aug
29c
1.18
23,164
57c
6c
6c
2,000
3c
Jun
6%c Nov
3c
1,000
2c
May
4%c Aug
28c
30c
4%
4%
1.77
1.82
1
Jan
50
39c
4% Aug
2,925
v
1.36
17%c May
10,100
4%
1.78
C
Feb
1.25
103
3c
,
1
1.28 May
1.25
Nov
Aug
5% Aug
2.10
Sep
—
2.05
2.15
560
Jan
2.85
Sep
1.33
1.33
1.41
2,300
52c
Apr
1.50
Nov
1.33
1.33
1.40
4,100
50c
Jan
1.45
Nov
6%
6%
6%
175
1
—
95c
95c
1.05
3,600
5%
6
75
2.05
2.15
6.600
^.1
Mines-
1
—
2.15
1
—
6
Jan
58c
Jan
4
Jan
1.72
11
July
1.15
9
Jan
Sep
July
2.50
26c
26c
2,000
20c
July
27c
51c
__
1
......
...
:.l
—
Mills.
52c
1,334
31c
Jan
59c
2c
May
Sep
Nov
3%c
1,000
23%
23%
10
6c
—
1
—
—
Sep
3%c
*
100.
Anthony Gold Mines
Class
St
Canada
Corp
"A"
7c
3,000
3%c Jan
9c
132% May
150 V4
Lawrence
San
Antonio
22
preferred
9%c
Jan
Apr
25
July
July
-
Mines—
"B"
7%
Sladen
Malartic
Jan
Mar
23c
7%c
8
1.15
Mines
South
End
July
South
West
Aug
Jun
Standard
Nov
Steel Co
Co—
of
_i__
Canada
Steep Rock Iron Mines
Sturgeon River Gold Mines
40c
2,000
2,315
8.50
3.20
3.40
8,110
2.65
3%c
3%C
1,500
25c
26c
11,400
17 %c
Jan
28 %
29
190
26%
Jan
31c
Sep
32% Mar
Teck-Hughes Gold Mines
29
14%
14%
75
7%
Jan
17% Nov
Transcontinental Resources
40c
Sep
Sullivan
Cons
Sep
Jun
45c
47c
18,100
Mar
62%c
Sen
14
14 %
30
19%
Jun
70c
73c
16,535
23%
24
75
13%
13%
25
3%
Jan
13%
Oct
104
104
10
86 y8
Jan
104 %
Nov
51c
52c
3,125
64c
Nov
54c
56c
4,500
4c
500
Y
27c
27c
1,300
'
'
68c
77c
69,850
__
—
—
52c
__
—
18
2%
60 %
61 %
.1.98
—
18
2%
Y.
2.10
.
1
2.05
--
.
Y
Mines.—
y
'
,
2.12.
1.46
1
2.15
150
50
160
41,500
,
500
19c,. ,19c
I—*
103/4
12%
4.00
9%c
__
1—•
Sudbury Basin Mines
40c
Jan
Jan
Jan
*
!_«—_•—*
10%
Jun
*
common
Jun
Jun
Nov
1.86
2 V8c
—
*
common..
44
4,950
4,100
*
Chemical
Paving
Feb
3% July
18% July
44
<»•
Petroleum—.
39
6c
Jan
7c
73c
1
Springer Sturgeon
Petroleum
80
Jan
Mar
4c
*
1
-
1%
12
3.25
„
*
Mines
10
44
__
100
Gold
2c
500
300
14
Aug
26% July
Nov
3.20
—
1
._*
—
3c
2%
19%
5%c
„
1
1
Simpsons class "A"—...
Siscoe
3c
1
Shawinigan Water & Power.
Gold
380
14
—
.100
Gold Mines Ltd—
Fherritt-Gordon
37
20%
2%
50
Paper
,T40
20
_„1
Sand River Gold Mining
Senator Rouyn, Ltd
Class
137
—
common..
...
10%
17c
1.15
20%
St Lawrence
Aug
29 %c Mar
Feb
3c
70c
1
America—;
3.40
———
4%
1.25
20
Oil
Standard
Halliwell Gold Mines————
4%
600
45,050
i
Roche Long Lac
Royalite
May
.
Gold
Sep
Royal Bank of
3c
20
—
2.00
V
Jan
*
of
Jun
Oct
2%c
—
—.
Gold
Gypsum
&
vtc
Oct
_*
...
Preferred
Great
1.50
2%c
Sep
8
375
1,500
■
1.10
1.50
*
Quebec Gold Mining—
Dec
10 %c
.
Feb
32% Mar
24%
14c 16 %c
Goodyear Tire & Rubber commonGraham Busquet Gold Mines—...
8%c
1.25
1
Dome
39 %c
85
10%
4c
2%c
Jan
Apr
Apr
—1
Mining Co
Jan
16 %c 17 %c
Mining———!
3 %c
97 V2
Power Corporation
May
45
5%c
4c
16 %c
1
——
yy
10%
-J—_-——1'
Eagle Mine's.
Golden
90
5%C
—_*
Min$s Ltd
Goldale Mines
Gold
Mines
Gold
Lake
God's
893/4
10%
Pcfrchpine Gold Mines—1
1,500
70c
Mines
Mines of B
1.82
*
common
preferred
5%Y
Gold
Feb
St
5 'U
Aug
97l/2
Ltd
Mines
Rouyn Gold
Voting trust ——!
Jan
23%
'
———*
Sep
52 %
97V2
Powell
3%
.100
A
Mines
Pioneer
Gold
1.09
100
Gold
21%c July
Jan
Gold
Queenston Gold Mines
28%
Sep
1.95
Jan
May
*
Peoples Credit Securities
4%c
3.20
1
Fleury-Bissell preferred
Ford
14% July
.
*
67c
Feb
1.05
40
_*
—
Paymaster Cons Mines Ltd
Pickle-Crow
20
3%
Candy Shops
Francoeur
Jun
5,950
—
7 35c
750
74c
*
—
Mines
Malartic
1.10
1.12
Oct
20c
3%c
Porcupine
36,000
*
nat•
.
15%
500
Pandora Cadillac Gold Mines——1
21
Mines—7—————i
of
Electric
TrustY--;—425
Nov
1,000
50
....
1.60
1.55
:
Oct
11%
17,030
1
—4
8
1.60
■
..
11 % July
Nov
—20
——.—
Washing Machine———
Eldorado
July
Chemical common—*
Eastern Malartic Mines———!
Easy
26%
153
Dominion Woollens preferred
Crest
25%
21%
.
Oct
11c
78c
*
Pacific Oil & Refining
Page-Hersey Tubes
153
Stores
Eng
36%
108
22%
Dominion Tar &
East
35%
& Steel com——*
Dominion Foundries
29
Apr
67c
.
1
—
—
9% July
Jan
6c
':'4c
__
..5
Orange Crush preferred
m———-——100
Bank
Dominion
Mines
Ltd
Dec
Aug
20
109
———.100
preferred
9
67c
78c
*'
Jun
1,555
5c
' 4c
July
I
36%
Corp—Seagrams common——*
Preferred
5c
Oct
1.75
75c
—
*
Omega Gold Mines
Pacalta Oils
Distillers
-.1
...
Ltd
Empire Mines..—
Star Oil
85c
'
...
Corp
•
49%
25%
Nov
Jan
1,100
20
1
...
Mining
Northern
9 y4
1,330
4%
3,000
1.60
46%
3,550
.•
55c
55c
__
1.64
30c
—
615
...„—____1
——
Mines
27
Jan
6
250
47%
1.59
—..
Dairy Corp common.:
13
12'/2
Nov
5% Aug
1,000
5
15 y8
20
18
30
8c
•
40
(Toronto)—_—.— .100
Cosmos Imperial
9lA
27%
8c
Nipissing Mines
1.50
5
Smelting—
9
9V4
__
13
Jan
9%
25c
27%
-
Oct
July
Jan
44%
250
Noranda
14%
Canada-
565
9V4
2.29
28c
46 %c
Oct
145
49
1.60
212*
Sep
Mar
19%
27%
25c
85
485
37.600
■>:•
—__20
Jan
Jan
28c
8%
8%
5c Aug
20%c Nov
47
_i
.10
1.22
530
1.60
47%
*
47c' May
15
1.53~
:
Bakeries
15c 16 %C
:
Mines—..
Consolidated
17C
11%
Nov
22c
Sep'
75c
24c
1.85
Jan
1.75
600
Nov
37c
65c
11,850
18 %c
21c
Petroleum
Normetal
Cochenour
Nov
40,000
1.81
10 %c
75
25c"
l%cMay
Oct
14c
6%c July
1,000
1.20
Jan
1.00
12
19c
Chesterville Larder Lake Gold Mines—1
Chromium Mining &
1.64
——1
Executor
&
Research
Chemical
Mines—
8c
Jan
—
National Steel Car
1
Gold
Apr
11c
37c
common
Preferred
Patricia
5c
2,500
22c
—
1
Central
1,300
1
common
—*
—1
3,500
7c
20c
•
;
Muirheads Cafeterias
Preferred
3%c
—„_1
Porcupine
Montreal Light Heat
•
■
19%c21%c
20c
—
Moneta
Corp
Feb
7c
.
*
Mining Corp of Canada
Oils
92 %
19c
!_
1
!
Mines
Oil
125
'
Lake
Cariboo Gold Quartz——
—
Oct
5 V2c Jan
Canadian Wirebound Boxes—__
Castle-Trethewey Mines
Jun
6c
47
42
20
July
17
500
Jan
6,980
"10
Jan
312
July
Feb
Jan
57
19
7%
5%
10%
2%cMar
104
Jan
68c
428
7%c
Gold
23% July
12% July
1,500
56
Graham
26
505
5c
(7%
103
McWatters
Jan
15
5c
7'/a
1
7%c
McVittie
Jan
Sep
Jun
104
McLellan
Mar
9%
7%c
Oct
15
Nov
3.75
56%
Oct
36c
1.59
3 %C Aug
*
39
10
b80
Jan
5
151
Dec
1.51 Mar
70c
McDougall Segur Exploration
Nov
Nov
4.00 July
2.40 Sep
Mclntyre Porcupine Mines—
Feb
6%
14%
Jan
5c
./'•
20
Jan
Jan
15
2.30
7%
1
—
common
25%
3%
common.—*
Preferred
Model
Alcohol
Mines
___:
27%
100
"
11% July
27% Aug
Gold
Fields
Maralgo Mines.——
July
251/4
Products—
Canadian
Canadian
Oct
33%
Dock-—.
&
24
_»
common——.
———
9% July
Jan
Ltd—
Manitoba & Eastern Mines—
Oct
Nov
Jan
100
preferred
Preferred
6%
42%
19
810
8
8
Canadian Car & Foundry commonCanadian
11%
6y2
Jan
Jan
1.35
28
135
—20
common:
—
Feb
Jan
3.30
May
68
Jan
102
;
130 132%
common
Preferred
Sep
July
9%c
lc
i
Macassa
Massey-tiarris
Canadian
16%
26
9%
60 %c
Jun
98
34
30%
30%
5
10 y8
64
~50
——
93%
10>/8
common-
—
Sep
1.40 Aug
Jan
Mar
3%c Jun
4,000
_1
-
Leitch Gold Mines. Ltd_
Little Long Lac Gold Mines Ltd
Loblaw Groceterias class A
14%
May
550
,
Feb
Jan
40c
2,000
13%
10c
Jan
4.75
55c
Oct
93%
——
Steamship Lines
Anr
Jan
10
MacLeod-Cocxshutt Gold Mines
common—
Malting Co
Jun
July
Sep
43%
i
Co,_
Lake Dufault Mines Ltdr.Lake Shore Mines, Ltd——
Oct
*
——*
*
Gold Mines—,
,
Canada Cement
Canada
Oct
66c
27%
_l
83c
1.99
common—————*
Canada /Bread
Jan
90
_1
-
77c
22 %c 22y4c
c
10%
15
__
—1
1
Jan
9%
.1
Camp Bird Mines
65
12%
Dec
28
115
1
Ltd.
Lebel Oro Mines
Calmont Oils Ltd——:
15
98
Mar
7%
*
"A"——*
Mar
>,
335
3c
29
1.90
1.92
.*
Calgary & Edmonton Corp Ltd—
600
10
_•
4%c Mar
159,866
3.00
15%
Nov
46c
325
8y2c 10 %c
3.00
10 %c
—*
Mines—
21
26,700
83c
—
52c
97
100
Co
Mines
58c
common——:—•
Co
28 y4
70c
Gold Mines———*
Extension
Jan
Jan
62c
*
Products Ltd
Building
Bunker
Mines, Ltd—
—————
Buffalo
y2
75c
Oil-
Broulan Porcupine
Mining
14
17%
*
—
Waite
1,930
1,635
1
-
335
14%
__
100
preferred
common™:
——
21
'
*
"R"
"B"
23%
class A—*
Columbia Power
Class
High
356
7%
Sep
18c
ll%c
British
Low
11%
52c
__
»
preferred
Range Since January 1
High
11
100
International Utilities class
Aug
460
A
common
Preferred
Sep
11 %c 11 %c
——
Ltd————
4%
8c
160
Shares
7%
1
Petroleum
8
8%c
common——
Mines—
Mines,
Jan
70c
8
•
Bralorne
140%
8
Ltd——
Mines
Bonetal
36C
—
.
Corp
90c
90c
——
Low
11%
___6
Develop
International
Berens River Mines
for Week
of Prices
.
5
Ltd—
Min
Sales
Range
Last
Range Since January 1
High
Low
Par
Bear
Week's
Friday
for Week
Range
of Prices
Lale Price
Monday, December 6, 1943
Sales
Week's
Friday
STOCKS-
CHRONICLE
y'
225
11,764
1.58
■■■<
18c
Apr
13
Nov
67c
Jan
10
Feb
39c
1.04 Julv
25
Mar
29c
Jan
(
3%c Jan
20c
.
Nov
10"
Jan
1.10
59%
1.46
65c
60c Sep
Jun
35c
„■
77c
July
,
Dec
19% Aug
Jan
3
.
July
73
Jan
1.51, Jan
10c
Nov
8c
Jun
54c
Dec
Anr
2.65
Oct,
Jan
21c
Sep
Jan
2.40
Sep
Jan
1.80
Nov
3%
Dec
'
Hollinger Consolidated Gold Mines
Home
5
Oil
Homestead Oil
Gold
Howey
Hudson
"l
Gas
Mines
-1
Bay Mining & Smelting—
Hunts class "A"
Huron
& Erie Mtge
see
3c
Jan
Nov
-100
Imperial Bank of CanadaImperial Oil
For footnotes
Supersilk Hosiery class
72
72
72%
14
55
Jan
—.—100
161
160
165
50
J57
Jan
14%
13%
14%
10,270
6c
72%
July
Sylvanite Gold
11%
Jan
185
"A"
*
Mines. Ltd——
I
Tamblyn Ltd
*
common
Canadian
Texas
—1
Oil—
*
48c
100
680
14%
80
2.95,
3.00
3,910
Jaa
3.45
Sen
100
.
3'/2
2.00
14 %
—
3.00
;__5
—
1 % May
3!/2
1.95
—
—
5
1.00
200
90c
Jan
1.94
May
48c
49c
8,400
35c
Apr
1.38
10%
1.85
Jan
Jan
2.25 Aug
14%
74c
Nov
Jun
Nov
Union
page 2287.
Sep
4.10 July
Sep
17% July
Gas
United
Class
Co
of Canada
Corp class
"B"
"A".
——
*
—„_*
12%
450
6
Jan
9
Julv
23
—
—*•
24
20
20
Aug
26
July
12%
12%
50
Jan
16
July
6%
-6%
7%
Volume
THE COMMERCIAL &
Number 4235
158
Fuel
Class
"A"
class
"B"
■
United
32%
—25
—
High
32%
95
5
5 %
6c
5%
V
6c
'
—
Nov
2,027
3%
Jail
3,000
5%c Jan
a
United Steel
—
4
4
4%
—
1.58
1.56
1.60
7,025
•
1.85
Jan
6.10
2,215
9%c
12c
17C
600
4.40
4.30
4.65
4,044
*
60
58%
60
610
20%
20%
21
305
22%C 22%c
-
800
Jan
36c
Sep
Mar
20c
36c
Paper
Aircraft
Walker-Gooderham
com
Preferred
-1,
Wenaigo Gold Mines—
Canada Flour Mills
Western
74
100
Preferred
19
Sep
50
3
Jan
9
Oct
80
40
Jan
91
Steel
60
15
520
6%
5%
6%
11 Va
Dec
14
Oct
12
11%
15
Feb
17
July
244
59
55
60
2.85
2.80
3.00
2,823
3
Jan
3
10
3
Dec
1.00
4.20
Jan
2.50
1.80
Nov
6% July
6% Mar
*
—
14 V2
14%
10
10
Sep
14%
*
preferred
Bridge
22
22%
110
22
Dec
31
78c
Jan
8
Apr
15
Nov
30
Nov
July
4
•
Humberstone Shoe
Langiey's preferred
Oil
1.15
1.25
2,300
100
15
15
10
Oil & Gas
Foothills
21
21
3c
3c
500
45
45
33
12c
12c
12c
1,000
1
1.40
1.45
1,800
*
1
27
27
9S
7%c
8%c
4,500
*
Ontario Silknit
—100
preferred
1
Osisko Lake Mines
Oreille
Mines
Metals
&
Pend
Apr
21
10
3c
100
_
Selections
Oct
63
Jan
20
6,903
300
5
8'A July
37/a May
296
•
Wrlght-Hargreaves Mines
Dominion
Jun
100
Preferred
24c
75
11%
—
—
common
Electric common
Winnipeg
21% Aug
4%
«
Ltd
Jan
Jan
72%
15
0
Products
Steel
64
19c
•
Western
Westons
Oct;
Jan
47
4%
*
■_
corn-
—
5.80 Aug
Jan
3.40
3% May
Jun
Jan
1.00
4'/a
4%
*
Feb
Disher
Ltd
& Worts
Mines,
85c
200
1.70
1.00
5
—
Corp
i
m
Wafte-Amulet
Range Since January J
Low
High
High
3
„——_
Consolidated
Shares
1.70
Marconi ±————————1
'fcoast Copper
for Week
Low
Par
Sep
Sep
Range
Sale Price
STOCKS—
deHavilland
108,600
20c
1
—
7.25
Jan
4.40
20c
13c
_—1
—
Oil
Nov
95c
5.90
5.90
a
Oils
Vermilata
Apr
Sales
Week's
of Prices
Last
Jun
6
compiled from official sales lists
Friday
Dec
10c
Canadian
Ventures, Ltd.
Vulcan
3%
135
1
—
Upper Canada Mines Ltd
5%
Funds
Canadian
Nov. 27 to Dec. 8 both inclusive,
Feb
37
32%
-
Exchange-Curb Section
1
High
Low
LOW
—50
—
—**_±_
Oils
Range Since January
Shares
of Prices
Par"
Toronto Stock
for Week
Range
Last
United
Sales
Week's
Friday
Sale Price
STOCKS—
2287
FINANCIAL CHRONICLE
Supertest Petroleum ordinary
Temiskaming Mining Co
;
18
Apr
May
Dec
45
Mar
25c
VAC Apr
1.05
Nov
7c
2%c Jan
34
Jun
1.75
Sep
1.90
Jan
27
Jan
Nov
12c
5%c Jan
Jun
Sep
OVER-THE-COUNTER MARKETS
Quotations for Friday Dec. 3
V
Insurance
Investing Companies
Bid
Pat
6.71
—1
1%
6.16
Holding Corp.—.10
22%-
Shares——1
American Foreign lnvesting_10c
Assoc Stand Oil Shares———2
Axe-Houghton Fund Inc
1
3.06
Aeronautical Securities
Affiliated Fund Inc
AAmerex
3.30
3.02
American Business
23%
3.35
6
•
Scries
B-4
6%
Series
Series
15.24
22.47
11.42
8.50
3.61
5.51
i
,
Series S-l
—
3»A
3%
Series
S-2
5
4>A
5
Series
S-3
Series
———
—
S-4——
—10
3.55
America—i
—5
Broad Street- Invest Co- Inc—-5
Bullock Fund Ltd
1
Canadian Inv Fund Ltd
1
Century Shares Trust
——*
98.27
102.36
Knickerbocker
15.70
16.88
Loomls Sayles
25.90
28.00
—*
Loomis Sayles Sec Fund—10
13.67
14.99
Manhattan
X3 05
3.00
Common
Shares
Basic .Industry
Tc- of
Inv
Bond
Fund Inc
Boston
27.29
29.34
9.03
1
Christiana Securities com—100 1
Preferred
100
Commonwealth Invest
1
Consol Investment Trust
1
9.99
Chemical Fund
—
—
146
4.42
2.56"
Low
31
29
New
111%
100
Cumulative Trust Shares
*
Delaware Fund————1
preferred—
A7%
D
18.41
19,90
3.45
Dividend
5.85
1.14
1.26
11.66
29%
17.03
18.32
1.64
1.80
5.03
5.60
9.11
Steel
North
3.55
4.10
19.79
21.69
4.48
5.41
Series
1958—
1
7.17
6.82
7,50
State
5.68
6.25
5.27
5.80
Super Corp of Amer AA
Trustee Stand Invest Shs—
—
———
4.95
Mining shares
shares—————:±-
Railroad
RR
Equipment shares—
shares—
—
—
3.35
3.92
6.62
5.95
ASeries
■
,;'C—I'
1
D
ASeries
2.11
ASeries A
——;
ASeries B_
:.
.
shares———
1
B—
Class
2nd
___5
42%
8
8%
14%
63 Va
Rutgers Fire Ins. com.
preferred
Hanover
_1
-25c
Shares—25c
—
——10
Fire—.
10
...
Home
;
Inspect._10
Hartford Steamboiler
5
....
New York
25%
93%
41%
30%
Union
Co.__10
100
Bank of New York
"6.34
80c
1.06
51%
35ya
127Va
37%
133
__10
62%
65%
Travelers
U S
—
Bid
10
100
———
35
4
45%
3s
Jan.
1, .1956-1946
3s
Mav
1.
1956-1946
4.60
38%
51
10
66%
71%
;_2.50
31%
33%
Bid
.
47%
Empire Trust
19%
50
69%
455/a
73V2
Trust___10
—
National
231
221
18
&
1,503
Bank.——.100 1 463
Ask
155
3.11
13%
...
36%
47%
53%
206
34%
93%
36%
5%
13.UO
Recent Bond Issues
3s
5.60
& Lt
Power
Power
&
3s_—1973
101
104%
Puget Sound Pow & Lt—
Light 3 %s—1973
3%s series
103
107%
108%
101
4%s
101%
South
Indiana Public Service
——.1973
2%S
6.30
100%
104
102%
Power 3%s—1968
Elec
102%
101%
Valley Gas & El—;
1.
1973
Blackstone
99%
E
1972
—
Carolina
West
100
43c
.
:
69c
Power 3%s__ 1968
Util
Texas
102%
8.02
5.44
5.99
—;————
1973
3%s__
.
—
16.67
& Pwr Shares A__—
1
—
15.41
16.95
Boston
1944-
15,
1944-
15.
1944-
tSept.
106
107
106
106%
107
108
100
100%
99%
100%
Corp
1
10
1%
2
15,
15, 1945-
.
100.9
100.19
100.21
.
t%s Feb 1. 1944
%%
99.31
100.1
t%S Apr
100.18
100.20
1%%
100.14
%%
99.22
99.24
%
99.31
1
1
1,1944
t%S Aug. 1, 1944
100.1
,
Ask
Sept.
Apr 15. 1944
11%.
100.2
100.4
23,
S
Jan,
Housing Authority—
30,
6,
Jan.
0.28%
1943
1944
—
Jan.
0.30%
Feb.
3,
Feb
10,
1944.
b0.37
0.32%
Feb.
17,
1%%
Feb
notes
1, 1944
100.3
100.6
*No
Issues
' 103 IS
1944.
b0.37
par
1940
105%
105%
3s
1947
107
107%
rights.
1961
130
131%
by sponsor
104
105%
105%
U S
106
106fff
Panama
Conversion
Canal 3s
value,
—
a
Odd
tin
default,
or Issuer.
tThese
Feb.
0.32 %
b0.37
0.32%
lot sales,
Mar.
24,
b0.76
0.74%
b0.78
0.76%
b0.8l
0.79%
Bfd
Ask
0.32 %
0.33%
bO.37
0.33%
bO.37
0.35%
bO.375
0.35%
b0.375
1944-
0.34%
b0.375
1944.
2,
0,72%.
0.35%
c Ex-liquidating dividend of $31.50 a share
stockholders of record Nov. 23, 1943. d Deferred
b Yield price,
payable Nov. 30, 1943, to Adams Oil & Gas Co.
delivery,
r Canadian market.
sCash sale—not
U S Conversion 3s
103 j|f
1944
0.62%
b0.74
bO.37
1944_
0.32%
0.63%
b0.64
b0.37
1944.
27, 1944.
Jan. 20,
bO.37
1943—
13,
it'
100.27
Bills
at purchase
bO.37
9, 1943 —
1943—
16.
Dec.
for discount
Ask
;>
Treasury bills—
Dec.
are
Bid
Bid
quoted
—.
.....
1, 1944—
t%s Oct. 1, 1944—
—
f%s Dec, 1, 1944—.
t%S
22%
21
b0.65
1944—
i%s May
100.16
.
1946-
tMar 15,
0.40%
100.7
% %
.
1945-
tMar
100.19
b0.46
tSep 15,
.
1945—
Ask
100.25
100.17
100.7
%
Bid
1%%
100.5
1
.
Int. Rate
1947
—
V/2%
Certificates of Indebtedness—
%
1946——..—
tDec 15,
1
.
1944.
15,
Mar 15,
tDec.
Co
&
Mar 15,
100.1
1%%
.
of a point
Maturity—
100
%%
1943-
«en
15.60
15,
Ask
Bid
Int. Rate
MatnrityDec
Jun
18.71
point represent one or more 32ds
Figures after decimal
102 %
103%
102%
Quotations For U. S. Treasury Notes
77c
Dec
B
102
1972
—
Colo
102
& Gas—
Elec
3%S
Southern
Line—
—.———..1953
debs.
Ask
Public Service
(Indiana)—
.—,*±>.1973
Public Service (New Hampshire)
3%s series A—.1973
Light 3s——1963
Gas
Bid
Ask
Bid
Atlanta
Panhandle Eastern Pipe
7.33
C
Other
—
48%
Par
37
43%
24.63
Ask
100.9
102%
—
36"%
Trust.
100 145
Guaranty Trust—..——100 V „ 3.03
Irving Trust — —
—.10
12%
Kings County Trust..
.—100 1,450
Lawyers Trust
25
33%
Manufactures Trust Co com—20
44%
Conv preferred
—20
51%
Morgan (J P) & Co Inc.—100
196
National City Bank—
_12%
32% "
New York Trust
—
—25
89%
Public Nat'l Bank & Trust—17%
34
Title Guarantee & Trust—
12
4%
United States Trust.——100
12.55
3.80
3.68
Bank & Trust_20
Bank
Continental
3%s
Reconstruction Finance Corp—
100.7
Federal Land Bank Bonds—
1955-1945
4.45
Fulton
101%
National Bank—.13.55
Dec.
1955-1945—
—100
—
Fidelity & Guaranty Co__2
U S Fire
20 %
98%
—
21.28
Obligations Of Governmental Agencies
314 s
3.03
49%
Ask
Bid
19%
Rates
3s
2.93
—10
United States Treasury
—
24'A
Marine.—62%
Standard Accident—.
92%
Northern
2.14
Preferred Stock Fund-—
AFirst
1
22 %
Fire.—
Security New Haven...
—.10
Spnngneld Fire & Marine.__.25
46%
Iowa
2.18
Corporations
1.17
11.68
....
10
(Texas)
(Paul)
Paul Fire &
Westchester Fire—
87%
Delaware
Investment Banking
88c
23.62
1964-1944
36%
6%
28 %
U S Guarantee.——
44%
Calif
1.65
11.41
1946-1944—
..———10
33%
4%
x26%
98
...10
3.97
19.47
series
Wellington Fund
21.73
4s
16 Va
10
2
(NY)..
Corp
44%
31%
..100
First
23.89
U S El Lt
;—1
4s
88%
14%
City Banks & Trust Cos.
Par
the Manhattan
Bank of
Corn Exchange
A——
Fund
Union Stock Fund B;
A Blair
Commodity Credit Corp—
fl%%
Feb 15,1943
47
84%
5
Seaboard Suret,v__
9%
16'A
67 %
28%
27%
27
5
;
—
Hartford
—
——
American
Great
Trust
13.61
B—.———.
Bond
Series
of America—10
Co
19%
44%
Commercial National Bank &
49
9.64
Investors Fund G_j
44%
10
Trusteed Amer Bank Shs—
2.38
8.79
Investment
46%
17Va
Chemical Bank & Trust
Oil Shares—
Stand
Trustee
26c
20.15
shares-
&
Chase
2.22
Union
18.74
Insurance Group
Revere
St
Republic
Central Hanover Bank & Trust 20
1
Trusteed Industry
Incorporated Investors.—--—5
Independence Trust Shares...—•
Institutional Securities Ltd—
—
28%.
43%
Brooklyn Trust
13.81
4.14
1.50
Bank Group shares-
Globe
Bankers Trust
81.57
4.73
1.37
Aviation Group
11 %
Corp—.5
Glens Falls Fire..
6.37
75.91
4.31
14c
———
;__io
;
Reinsurance
4.60
X12.97
Series
Holding Corp__
92
111%
Providence-Washington
Marine—10
&
7.62
1
3.75
—1
Income Foundation Fund Inc
Common
10c
A Huron
Fire
10.30
Spencer Trask Fund
*
St Investment Corp——*
4.29
shares—
Tobacco
3.03
3.91
Steel shares—.———
Utility
-
%
Shares
Sovereign Investors—
6.45
3.55
shares—_—-—-
Petroleum
4.86
5.86
—
—
106%
Indemnity Co..,
26%
7.78
5.73
6.28
4.41
*—
5.45
5.71
Price Shares—
87 Va
25
—
Preferred Accident—
5
9.83
4.52
Low
4%
—.—12.50
—
Phoenix
5
Newark...:
of
Fire...
87.72
6.52
Merchandise shares
23 Va
4%
10.53
9.01
Administered shares-
Investing
6.98
8.65
X85.98
5.91
Food shares————-—
-if
21%
.—..5
3.41
4.98
Industrial Machinery shares-
9.38
,6.34
3.10
Republic Invest Fund.,
Selected Income
—
8.22
-1
5.53
9.09
shares—
5.94
6.53
8.27
Equipment
14%
—__2.50
Fire
64
89
13
Globe & Republic
5.94
Scudder, Stevens & Clark
Fund, Inc
———*
Selected Amer Shares
2%
bond
10.12
Inc Shares——10c
6.05
—
—
47%
13%
6.82
6.96
General
12.36
2.14
6.33
Fully
Gibraltar
44
12.66
5.50
Electrical
General Reinsurance
6.75
-1
—
Fund—
(Geo)
5.37
—
;
Chemical shares—
6.43
—1
Putnam
5.02
shares——
shares
Aviation
Franklin
Plymouth Fund Inc.———10c
6.20
shares
Building shares.
Firemen's
4.45
1.97
2.56
2.50
1
1956——
Quarterly
Group SecuritiesAutomobile
7.33
.38 Va
.
•
—
Series
32.61
5.02
Agricultural
60
85
Fire Assn of Phila
shares
Series 1955
4.24
30.33
1
General Investors Trust
10
Fireman's Fd of San Fran—10
5.40
ctfs——
32
44%
Pacific
43 Va
2.89
.
Trust
29 Va
Pacific
61%
11.47
—
—
Amer
t
7.15
_±'-
Series 1953-——
5.20
Capital Corp——-—•
General
stock
North Amer Bond Trust
—
,—10
27%
10
River..—
Northern
Group...
25%
__5
40
36
x37%
33 %
57%.
193
183
2
...10
Continental Casualty..
5
8'A
7%
2
.20
Casualty
Northeastern—
7.86
Machinery
.
Trust
Mutual
29.66
28%
Inc.
Fund-.
B
Fixed Trust Shares A__——10
Foundation Trust Shares A—1
Fundamental Invest Inc
—2
Fundamental Trust Shares A—2
First
12.52
27.58
_*
Fidelity Fund Inc
Financial Industrial Fund,
21.26
North
147
equipment———
Insurance
19.80
—1
Slock Fund—-—1
Equitable Invest Corp (Mass) .8
Equity Corp $3 conv pfd
1
Fund——
Balanced
58%
Fire
19%
40
7.07
9.58
6.92
Metals
V5.78.;
'--Oils-'-±-A—————* V ■ ■ '"9.37;
Railroad
:—*
4.17
Railroad equipment
6.01
Electrical
& Howard—
Eaton
York
38%
141
—_——>8.53
24%
56 'A
New Hampshire Fire..
New
5%
22%
10
New Brunswick
36%
5.85
—..
Amsterdam
17%
Employees
5.39
—_±.—-w-—-;7.47;
Chemical
New
8%
(Detroit)..10
...
10
.10
,
Casualty
National Fire..
10
6.67
4.01
'
National
,.1
Ins
New'York
Employers Reinsurance
2.53
—■
Fire
10.91
^
Building supply
Monarch
City of
9.20
_
7
5
Mfrs
Connecticut General Life—
A'
V
45%
4
Merch &
10.42
Fidelity & Deposit of Md_—.20
——
stock
Bank
5.15
-
21%
5
—...
Merchant Fire Assur
5.75
23%
5.50
8
Fire..;
—I
Fire N Y-.
Casualty
Massachusetts Bonding..
88
x83
25
100
12%
38%
8%
6%
72%
Y—
.——.5
21.19
1.18
6.61
1
Stocks Inc—
Automobile
7
Baltimore American——2%
Federal
—
England Fund
Aviation
——————1
-2.50
Shares—.
25c
—
Surety—
Automobile^
6.09
priced bond series.
Agriculture
National Liberty
National Union Fire
Reserve—
American
.10
Re-Insurance
American
1.30
series-———
New York
4.50
Diversified Trustee Shares—
C
American
Bankers & Shippers—
3.35
—->—"
series
Income
43%
8
5
2'/a
9.36
■.
Preferred stock series
shares——10
B
A Common
r
;
priced stock common—
Bond
28
1.19
preferred.:
-100
& Forster Insurance—
A8%
Crum
Low
2.56
59%
40'A
—
4.01
National Security Series-
26
57%
of Newark
3.95
•
„25c
.1
2.14
2B
American
19.71
9.69
9.99
10
2.14
——1
—1
Series AA mod—
——1
Series ACC mod
—1
ACrum & Forster common—10
Accumulative series
16
56%
15%
12.59
1
__1
<Md)
2.27
.10
14%
53%
14%
Fidelity & Casualty_5
Camden
Inc
series B shares
voting shares
National Investors Corp
11%
19%
12%
Equitable...*1-,-
American
4.35
Fund
(Colo)
10%
18%
11%
Casualty.
American
_10c
Securities—
Nation-Wide
Maryland
Boston
Trust—.
Fund
Invest
23
American
8.64
48%
21
**.10
24.68
37.2Q
41'A
9%
7
76%
Knickerbocker
9.35
1 7.85
83%
77
16.80
6.04
80%
20
5 6'A
36
73 Va
Alliance
89.40
10
Jersey Insurance of N
53%
34%
25
16.74
87.61
36.46
—10c
—
—
Investors 2d
Mutual
4.80
-
Insur Co of North America
—10
±
American
Bond Fund Inc—
Investors
Mass
37
35
1
Shares—
Corporate Trust
Series AA
2, 370
141
,±—
Fund
Mut Fund
Maryland Fund Inc
Mass
,270
•
16%
_10
17.30
8.52
15.27
—
1
——
preferred—.
A6%
—
14%
144 Va
—10
-
Ask
10
Fire.*
136%
—
Life—
Aetna
Agricultural—
Bid
Far
Homestead
10
Surety
Aetna
27.95
18.98
K-2.
Bankers Nat Investing—
A Common
B-3
28.48
27.15
: 25.47
—L—
K-l
13.52
y
12,57
Series
15.15
14.97
Aetna Casual &
Keystone Custodian Funds—
Series B-l
J
Scries B-2——
J±_._
Companies
Ask
Bid
Far
Ask
Bid
Par
Ask
bonds are
included in range for year, x Ex-dividend, y Exsubject to all Federal taxes. AQuotations not furnished
_
f
J
2288
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, December 6, 1943
Week
THE COURSE OF BANK CLEARINGS
1943
clearings this week show an increase compared with a year ago. Prelim¬
inary figures compiled by us, based upon telegraphic advices from the chief cities of
the country indicate that for the week ended Saturday, Dec. 4, clearings from all
West
Virginia—Huntington.
Virginia—Norfolk-,——
Richmond.
South
cities of the United States from which it is possible to obtain weekly clearings will
be 9.5% above those for the corresponding week last year.
Our preliminary total
stands
$9,953,274,055 against $9,090,723,862 for the same week in 1942.
At this
a gain for the week ended
Friday of 12.6%.
Our comparative sum¬
for the week follows: :
V-/';V+v
mary
Telegraph
Clearings—Returns by
Week Ended Dec. 4
,VV
>
»
;V:'
■
$3,856,484,108
423,895,744
Kansas
A—
371,803,54 j
544,000,000
538,000,000
306,415,218
Chicago 11_—
Philadelphia
403,796,268
;
171,558.032
158,616,936
.+
City
161,600,000
San
Francisco
Pittsburgh
———A— -4.—
Baltimore
1—*—
("Cleveland
Ten
five
cities,
Other cities,
139,500,000
+
188,882,382
—
V---
,
169,069,016
cities,
one
cities
all
Total
week
Mobile—
——;
30,231,316
21,492,480
+ 20.7
102,400,000
889,749
77,800,000
—
Louisiana—New Orleans
-
4,522,512
219,474
3.8
Total
8.0
Seventh Federal Reserve
+
6.2
$7,705,391,274
1,385,332,588
+
7.6
$9,090,723,862 / +
(10 cities).
1,199,323
•26,281,000
23,715,000
40.187,083
28,868,323
4,389,225
.
3.0
155,154
-
+ 41.5
171,272
116,058
12.3
63,133,850
48,547,469
72,414,824
295,293,621
560,724
,
South
Des
+16.5
417,831
+ 34.2
4.032,686
1,961,815
2,475,525
2.6
+
2 518,322
22,878,000
2,822,115
2.5
A
25 119,000
21,294.000
2,925,485
2,305,732
8,836,867
6,112,461
Bend—L
3,080,617
6,192,969:
—14.3
7,225,860'
25,434,769
24,682,697
1,517,653'
Moines
9.2
5,423,264
5,374,490
+
the
York
2d
New
3d
Philadelphia
San
Francisco
Inc.
1942
478,266
•
District
1,649,512"
Peoria
5,351,703
1,734,292
5,361,706
Rockford—
1,526,000
+ 13.6
Springfield-
2,231,908
1,549,914
+
44.0
489,108,474
467,808,378
+
4.6
158,800,000
135,900,000
+ 16.9
56,640,351
48,780,672
+ 16.1
44,248,550
44,234,305
+
0.1
41,783,851
1,037,000
607,000
+
80.7
818,00p
760,000
241,270,077
185,677,790
—
+
5th Richmond
(17 cities).
2.5
—
..
— —
7th Chicago
—
10th Kansas
City
11th Dallas
12th San
—L-—
—
——
Francisco——
—
4
10
6
—
—
538,083,547
:
10
:
•
464,570,649
Kentucky—Louisville.
Tennessee—Memphis.
Illinois—Quincy—:
To«;al
A
(4 cities).
0.2
'.".;:Vr
21.6
4,063,306,816
561,565,202
St.
229,521,977
502,414,852
.
3,912,771
4,305,281
223,155,549
il
Paul
105,990,592
'•
:.;V 528,400,825
44,955,949
+ 26.9
,
32
cities
4.6
.
:
+ 13.6
241,270,077
1,548,162
1,346,063'
+ 15.0
4,183,710
5,365,842
191,792,704
159,842,709
(7 cities).
Nebraska—Fremont
add
+ 20.0
149,947,766
183,299,758
+ 14.6
406,736,327
+ 10.1
Lincoln
31,695,641
2,795,630
1.301,652 'i
1,007,711
1,110,393 1
*3,867,228'
1,086(566
3,850,720
149,947,766,(
:
122,186,277
-
-
+
16.1
7,593,932,389
.2,826,490,510
816,290
(10 cities).
259,648,003
V
559,777,305
462,745,402
+21.0
456,213,321
-
Texas—Austin__.
Ended
r
:
1943
1942
vvv;vv
at—
Nov.
Wichita
Inc.or
,
1941
Va::-
Dec. %
$
:
+'
,
1940
$
$
131,702,370
40.6
737,979
+
7.2
511,755
807,606 5
+ '
1.1
806,820
-i
Total
•
■-
1
1,731.207
-'
+21.3
1,663.653
85,872,705
12,454,629
4,039,113
3,431,679
561,085
■'■+v
183,299,758
4.1
i'
598,947
148,173,717
1,564,473
+16.1
78,666,087
> +
0.9
10,845,421
+
27.0
+
2,774,000
2,184,000
1,314,491
4,311,374
3,668,055
+17.5
122,410,702
-
«
i
12,570,275
(6 cities)--
AA;f
■+•
213,973,130
99,709,355
Falls-
Louisiana— ShreveporL
27
3,290,327
22.6
+
a,
—
Galveston
•r.V,'
i.
9.3
+
f,:.
;
Fort Worth-
our
1,758,192
4,668,645
'
94,418
2,484,734
,33,932,803
1,590,765
2,460,610
102,920,762
2.200,650
38,795,128
3,900,287
;
+
•'97,914
+ 35.2
:
Eleventh Federal Reserve District—Dallas—
382,671,662
95,403
*100,000
+ 17.3
730,881
Pueblo.
"
•
:
145,715,382
5,482,807'
Colorado—Colorado
2.4
—
—47.6
+ 16.4
Vv
178,686,651
St. Joseph—-:™-^.
6,051,491,582
3,672,330,486
.r'
1,834,733
5,103,547
Missouri—Kansas City.
75,774,563
+ 10.5
'■■•■■
2,911,199
2,480,965
289,411,229
6,930,901,307
V
Clearings
*
3,653,105 i
■»: \\;'
3.3
52,842,708
61,504,603 : '
Wichita
171,606
382,985
3,414,106
Omaha-
148,173,717
99,827,826
397,299,038
'
;
200,716
Kansas—Topeka
122,186,277
+ 21.3
%:
?> i-'*-:
3,374,842
78,375,067
Y".!-v>"A"'.
167,437
Hastings
Dallas
now
'
-739,035,633
+ 20.0
detailed statement showing the figures for each city for the
aVV.
V-V v:-vV Y-v
week ended Nov. 27 for four years:
We
>
97,229,384 +
—22.0
.
—
v.
Tenth Federal Reserve District—Kansas City—
185,677,790
159,842,709
213,973,130
106,798,534
3,546,518,193
•
43,133,761
34,684,029
'
'
"38,435i707T + 16.8" :
1,339,567
Total
_
107,100,000
.
"
2,998,657 7 —54.5
415,632,604
+
8,045,929,517
cities
.
,,
1,364,659
Total
209,631,853
3,918,348,474
-111
Total
* A >',i'
58,768,226
3,750,371
1,295,603
182,413,410
277,162,582
122,410,702
Outside New York City—
•..415,632,604
139,900,000
L
V— 9^1
Dakota—Fargo—
371,352,514
7.4
447,770,591
44
1,360,165
528,4.00,825. <
+13.6
Dakota—Aberdeen
441,735,508
+
229,521,977
260,785,901
44
1,822,948
1,704,927
District—Minneapolis-
Minneapolis.—.
3,340,289,760
3.3
259,648,003
+
"•
v
-1
j>'">•
134,531,850
Ninth Federal Reserve
1940
191,792,704
II
5,439,093
-
V/a'AV
260,785,901
Minnesota— Duluth—u——
269,212,357
+ 16.5
295,293,621
467,808,378
489,108,474
■•
,1,162,616
—•
of
366,282,038
,
+ 15.4
;
'213,835,443
344,037,293
7
—
+
537,369,051
V.
229,696,684
14
17
.w'
Louis—
9th Minneapolis
555,366,576
44
6
10
354,392
v.
334,418,701
3,047,380
$
4.7
+
3,508,957,217,
4,267,789,426
; +
V;.-
427,843,788
A
•
Eighth Federal Reserve District—St. LouisMissouri—St. Louis_
'
7
—
—-V
6th Atlanta^
<«
527,287
+
5.3
+
————.
Total
Montana—Billings—
1941
or
'+
'.-325,194,271
44
(1— W
4th Cleveland
Canada
3.3
404,584 f
372,173,072
improve¬
an
Reserve
Dec. ^
$
10
—
4,208,069
1,691,135
:\V;V^
of bank clearings
1943
12
—
— —-
1,083,639
8.768,766
"
391,955.039
•T--'
.y,
8th St.
4,968,904
South
341,439,616
V,
21,287,830
'
'
V
V
'
'
14
1,815,376
1,472,503
11,388,104
0.9
—
1,470,902
24,272,831
1.8
3.7
—
11,420,442
'.v.:
3.0
+
1,546,047
10,999,491
•
3,821,729
,n:
Decatur.
and in
Federal Reserve Districts
Week Ended Nov. '27
'
VV" 433,242
468,885
3.2
5.8
23,443,000
Helena
cities
209,631,853
;<
2,540,546
Illinois—Bloomington.
Chicago.
In the following we furnish a summary by Federal Reserve Districts:
12
•
3,747,867
North
__
277,162,582
•
h'.ii-
2,462,717
Sioux City.
...
—
2,436,675
3,867,196
Iowa—Cedar Rapids
4.6%, in the St. Louis Reserve District of 13.6% and in the Minneapolis Reserve
District
of 20.0%.
In the Kansas City Reserve District the increase is 21.3%, in
1st Boston
5,374,218
2,605,902
•A.
—
Indianapolis.
9.5
+
.
Indiana—Fort Wayne
15.4%, in the Richmond Reserve District of 7.4% and in the Atlanta Reserve
District of 16.5%.
In the Chicago Reserve District the totals register a gain of
Vsummary
1,368,718
51,428,484
1.6
+
•
"
Grand Rapids
Lansing
ment of
;:!/%
4,037,807
•-
+ 38.4
.
District—Chicago-—
Michigan—Ann Arbor
'V
+ 19.7
In the Cleveland Reserve Disrtict there is
.
5,035,610
+ 24.5
344,037,293
+
,
;
+ 17.7
"
81,343,968
+
however, which we present further below
we are able to give the final and complete results for the week previous—the week
ended Nov. 27.
For that week there was an/increase of 16.1%, the aggregate of
clearings for the whole country having amounted to $8,045,929,517 against $6,930,901,307 in the same week in 1942.
Outside of this city there was an increase of
10:5% the bank clearings at this center having recorded a gain of 22.0%.
We group
the cities according to the Federal Reserve Districts in which they are located and
from this it appears that in the New York District (including this city) the totals
are larger by 21.6%, in the Boston Reserve District by 4.7% and in the Philadelphia
10.1%.
■'*1
"-r'r
+ 10.0
Mississippi—Vicksburg—
In the elaborate detailed statement,
v
"182,413,410
■Mr
;•
H+87.7
37,237,422
4.1
ends Saturday and the Saturday figures are not available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
14.6%
223,155,549
'
7.4
5,213,125
46,355,987
Wisconsin—Milwaukee..
the Dallas Reserve District
29,738,376
29,857,132
39,574,604
2.0
—
Complete and exact details for the week covered by the foregoing will appear
in our issue of next week." We cannot furnish them today, inasmuch as the week
Reserve District by 3.3%.
94,104,817
34,736,147
103,200,000
1,752,135
Terre Haute.
V
1,408,225
115,279,431
+
.*1,500,000
129,133,090
$9,953,274,055
—
1,974,851
4.0
+ 11.7
1,658,879,003
for
5.7
+
32,853,562
2,075,468
$6,234,423,004
1,470,968,270
day
9,784,679
568,965
+ 10.1
—
1(1'
Alabama—Birmingham
,
All
213,835,443
918,232
2,051,461
$8,294,395,046
five days—.
Total all cities, five days.
27,684,265
—I
—_
134,094,349
—
1,757,769
115,665,671
229,696,684
+ 60.6.
124,600,000
$6,732,799,982
1,561,595,064
—
days
1,657,171
40,220,182
+ 15.8
245,636,000
222,378,040
52,620,027
Florida—Jacksonville
8.2
235,593,000
——*
3,973,000
64.435,888
30,481,578
(6 cities)——1__—;
Macon—.
1.1
226,919,507
—~
———
„
5,761,000
61,118,023
+ 14.8
Sixth Federal Reserve District- -Atlanta-
+ 14.0
+
—13.3
Augusta—;
—24.1
"
730,715
6,879,000
120,279,530
+.
Georgia—Atlanta—
+ 12.6
1940
$
1,173,736
Tennessee—Knoxville__——_
Nashville
1
1942
1943
$4,343,724,132
York—
New
,
1,
1941
V
5,961,000
_
Carolina—Charleston-
Total
center there is
27
or
70,143,669
.
—
Maryland—Baltimore—
District of
Columbia—Washington—
at
Nov.
Inc.
Dec. %
Fifth Federal Reserve District—Richmond—
Bank
Ended
1942
106,798,534
+14.6
.
,
;
955,492 :++37.6
•
1,138,360
60,722,849
2,656,000
1,176,469
T.099,336
4,919,376
3.255,601
1,922,000
'
99,827,826
.
7,636,417
,
75,774,563
First Federal Reserve District—Boston-—
Twelfth Federal Reserve
520,096
689,470
—24.6
2,944,53.8
6,104,424
—51.8
300,086,115
Maine—Bangor
282,336,463
——
Portland
Massachusetts—Boston
Fall
River
..
+
1.2
835,176
369,368
+
17.3
367,671
966,123
V 3,772,348
3,688,292
2,058,997
5,007,609
2,098,808
10,561,660
5,167,600
12,652,900
,12,814,500
Connecticut—Hartford-
11,595,929
Haven-
New
New
781,274!: >+23.7
Island—Providence—.
Hampshire—Manchester..
623,331,
923,564
4,541,561
*
1.9
9.8
+
<
3;i
—
4.7+
4,400,968
1,717,648
■' ?■
1,225,323
■"
53,154,000
-
,
,'.v.
:;366,282,098
+
+ 11.5
—28.7
881,230
801,642
705,017
4,127,581,043
10,172,943
4,980,364
3(384,383,114
York-
Rochester..
1
Jersey—Montclair
;
Newark—j.*—a
Stockton.
Total
;:
;
49,600,000
Grand
40,300,000
778,199
Total
(111
cities)
T
3,921,601,903
"
6,930,901,307
3,546,518,103'
9,805,370
0.9
5,106,175
4,647,858
5,934.715
+
28.8
5.244,865
5,371,990
422,155
8.1
24,869,863
4.3
+
3,508,957,217
21.6
'
:
310,664
+31.0
368,072
370,889
543,^92
951,482
389,130
+144.5
434,624
378,636
+
7.4
1,763,315
+
3.2
Lancaster.
V
1.450,742
Philadelphia-
543.000,000
1,350.492
526,000,000
1,200,769
Reading.
Scranton.
2,011,247
Wilkes-Barre
1,033,939
1,510,251
——_
New Jersey—Trenton.
3,063,700
•
,
,;
:
1,001,162
2,033,641'
.
1.1
'
4.5
1.8
8,347,900
537,369,051^+ '3.3
561,565,202
54,550,251
45,550,237
11,649,555
7,393,030
2,993,260
2,539,017
2,124,427
2,164,155
John
c
Victoria—i:
-12.
,2,087,424
93,475,051
Cleveland-
.186,464,671
Columbus.
15,365.500
Mansfield.
1,772,749
3,012,961
New
14,407,600
-1.770,934
2 884,765
4 -. 1
90,977,799
18.2
174,664,585
'+.
6.6
16,011,600
+
0.1
+
;
,'
4-s-S-i
2,223,500
+ 16.6
4,136.073
195,627,917
+ 18.9
211,366,877
---I*"
•
536.083,54?—t434,-570(049-
+15.4-
502,414,852
860,165
-"
i
5,256,542.
.
'
394,036
657,866
530,614
1,476,925
:-(■
1,631,215
+16.1'
,'+13.1
744,111"
>
"1,039,005
970,702
+ 24.1
•
1,088.397
560,726
439,190
.
A''
.
928,247
i
872,252
;
791,514V
■!
+ 27.7
394,169
740,407
+ 24.4
*755,666
953,794
+ 28.0
811,562
882,850
1,318,979
1,158,676
+ 13.3
1,195,746
1,110,860
4,829,652
4,501,211
1,221,255
-
-
.
Prince Albert-
729,341
1,132,691.
865,482
725,717
760.684
828/886
11,984,700,
i
Chatham-
'«
Sarnia-—
Sudbury.-.
;
816,007
1,125,388;
'
604,920'
.1,149,618
7.3'
+
641,476
1,365,557
Kingston.
323,010
•f
3,992,578 r
566,946
(32 cities).
•Estimated.
559,777,305
462,745,402...
•
3,283.078
+ 13.7
.
550,816
+ 20.6
1,460,404-.
+ 19.1
770,139 S
579,9181'
926,408 *"'•
640,5921 i
8:2
—^
>*
+ 34.9:
—
2.1
.
577,335
442,991 i
• •
+21.0
•
----
453,213,321
•:
419; 832' *"
.•
1,327,845 >
997,232
>
1,138,490 1
157,253,703.
-371,352,514
>
674,198 1 •'
'.
•
>
1,087,110
—29.2
Moncton—„a
»
i
4,427,762
1,053,927
,
920,786
Peterborough.
!
1,908,851:
2,394,688
5,694,599
,452,878
+ 20.0
1,063,557
:
1,973,963
4,591,320 +
9.6
+ 93.4
,
6,779,360
•
1,893,955 V
2,561,350 +
•a
+ 41.7
+
889,705
1,204,933
746,308
fiherbrooke
Total
(7 cities)—
,
1,893,276
71,202,910
122^84,403
3U28326:
.
1.8
6.2
524,615
'
A
Westminster.
1,991,616-
2,373,153
2,593,564
.232,526,404
Pennsylvania—Pittsburgh
,
2,138,168
6,335,309
2,806,485
'
7,223,601
17.9
+ 42.7
1,203,092
Medicine, Hat.
'
+ 29.0
57.5
+
+
tr:
Fort William-
1,161,707
Kitchener
89,757,924157,769.813.
+
—
2,915,440
999,028
Windsor
3,885,603
Cincinnati—
5,578,338
6,866,285
1,721,011
4+A"
Brantford.
Fourth Federal Reserve District—Cleveland-
Ohio—Canton.
3,037,318
9,801,375
2,272,104
■
Moose> Jaw.
4,968,220
4,023,632
6,964,418
574,831
"-7'
5,383,205
•
9.8
8.975.610
:
.
.
+ 12.2
—
3,035,045
_-_r.
115,829,487
46,416,617
9.5
+
3,690,059
•
104,181,439
121,826(340'
:
441,735,508
—
+ 23.3
5,588,350
136^09,210
5.3
+
7,693,671
Lethbridge.
3,779,900
.1,581,727
3,120,400 s
18,195,255
61,441,287
Saskatoon.
'1,075,412
8.8
.m-
555,366,576
,
,
—
22,157,759
4,138,744
Brandon—.
2,033,855
2,474,294
969,428
1,503,671
.
61,332.263
+ 26.7
6,118,340
Regina.—_
423,000,000
1,160,C
'
Total (10 cities).
1,462.149
V
-t-19.9
,'T,005,844
+ 64.4
75,734,758
Edmonton.:
385,446;
Chester-
V
$
25,568,603
London—.
v;
)rr
125,538,825
62,008,357
6.933.609
St.
1940
1941
32,391,323
—'il-
Calgary
3,340,289,760
575,991 " +17.6
Dec. %
Halifax—..
+
:
'
407,004
Inc. or
$
Hamilton—
District—Philadelphia—
-Altoona.
,
+12,7'
Quebec-^
24,653,944
4,063,306,816
7.593,932,389., 6,051,491,582
3,672,330,486'..-; 2,826,490,510.
122,884,475
Ottawa-
403,685
V 20,914,927
37,686,541
10.5
132,141,659
Vancouver.
"
31,256,391
4,267,789,426
6.5
+
2,458,141
•'289,411,229
101,962,831
Winnipeg-
'
—
3,084,264
138,476,605
Montreal—,
7,621,034
+
305,087
4,163,093
170,598,000
->.3,002,058
1.525,435 '
,1,604,758
.
>
397,299,038
16.1
1942
1943
$
3,225,001,072
+ 22.<8
'■>? 21,855,414
+
+
'
8,045,929,517
Toronto
'
7,642,357
v" 285,245
m
3,918,348,474
~
Canada—' jr,.'y
r, \
■
966,192
22.0
3,801,086
J*
406,736,327 ?'■'+ 10.1
447,770,591
.V
3,112,649
1
Week Ended Nov.' 25
584,553
832,348
'677.442
Total
1,365,230
.
3,648,046
229,120,976
+ 34.8
3,857,189
1,118,153
"
,
+13.7
+
'
Bethlehem.
York
(10 cities).
5,755,435
8.0
19,217,902
v
8,705,352
+
1 513,413
"
32,611,414
—
Third Federal Reserve
Rennsyivani'a-
1,668,545
4,969,763
*?r-
24,848,369
;■
+ 91.6
+
3,537,464
44,381,993
»r—:—i,.-i■<-
269,212,357
4,933,523
,
23,623,384
Northern New Jersey-
5,847,984
..
.
8.6
—
.
8,284.060
"
SyracuseConnecticut—Stamford
(12 cities)
4,769,404
68,689,055
97.0
+
1,969,902
226,840,568
.
9.9
+
5,807,138
3.773,984
244,955,000
Santa, Barbara-
12,769,900
893,570
899,249
11,441,625
Pasadena—
San Francisco-.
San Jose
4,908,707
15.649,800
=
45,300,000' >i+ 17.3
805,806
Jamestown-
Total
8A
Outside New York.
Elmira.
New
+»
'.v-A
+
:
Buffalo.——___—..—.—_——.
New
24,994,409
14,072,046
6,339,687
1.3
—
813,269 f +—23.4
4,905,838
'
'
———
27,182,205
1,772.573
2,678,515
14,128,624
'
341,439,616
York—Albany———_—.
Binghamton
39,667,541
1,953,117
California—Lopg Beach-
Second Federal Reserve District—New York—
Kew
1,284,411
55,265,268
80,365,587
T
1.
(12 .cities)—
1,431,781
5.1
2,995,143
+
—
■fib:.
Total
8,7
+
Utah—Salt Lake City—.
588,206
2.3
73,107,682'
1,799,838
63,457,475
+
66,688,361
Yakima.
339,592
Bedford.
Worcester.
Washington—Seattle—
Oregon—Portland
f 659,717
433,381
v;
769,143
Springfield—
Rhode
533,720
2,108,035
227,571,088
778,243
—_
Lowell
New
822,862
3,125,561
315,969,828
6.3 :
'+
382,671,662
I
158
Volume
2289
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4235
<
Redemption Galls and Sinking Fund
Dividends
grouped in two separate tables.
are
In the
Beatrice
bring together all the dividends announced the
current week.. Then we follow with a second table in
which we show the dividends previously announced, but
first we
corporate bonds, notes,
Below will be found a list of
ing tenders, and the page number gives the location
which the details were given in the "Chronicle."
~
Company and Issue—'
'
due
debentures
British & Continental Corp., ;5%
American,
Atlanta
Co.—-1--'.;A:V-«V
\S;: -V
1956_iri._._^——-Jan
1
Delaware, 1st mtge'. 4s, set. C, due 1957_Jan
1
of
Lines—•
<
-.
•
-
;
Fiduciary Trust Co. (N. Y.) (quar.)—
First National Bank (New Rochelle, N. Y.)
First
1
Gas & Electric Co.—
.
J-
■
Electric
due- 1956
trust
Co.;,. 1st
Power
-
mtge.
—M ~—
—
12-15
12-4
Commonwealth
$1
12-11
City & District
Montreal
1728
Co.,'
Trust
National
.
1-3
10-year 57o
Crane
-
bonds,
Gas
■f.
1
12-
Electric
&
collateral
6'A%
Co.,
;l2-20
12-
$3
Eastern Shore Gas Corp.—
& collat. trust 5%
General Trust Corp.
Toronto
Savings Bank
United
1823
12-15
1-15
12-30
r
3
•'.12-; 1
1-
12-
Oil Ltd.
States
A. (quar.)
(N..
1-
3
'vi;
50c
'V:
$15
(s-a)__!_!■_•—■
(Milwaukee)
7
1-
;
3
12-13
When
VI (57"
1
•j
12-
9
12-13
12-
3
lr
3
12-10
1-
3
12-17
12-
6
:
$3
,25C
2191
Glove
Works,
Acme
Wire
Co.
Adams-Miliis
2191
Ltd.,
preferred;
730c
12-10
12-27
12-10
2-1
(quar.)..!...—.
12-23
12-
Canadian
2
1-15
Western
1-2
3
12-18
—Mar
A.etna
Life
(quar.)——
Surety
Casualty' &
Aetna
1-
25c
12-15
Water
Kankakee
1st
Co—
1134
1134
$2
1-
3
12-20
1-
3
12-18
t$2
1-
3
Cos.,
Ltd.,
pfd.
87
12-20
$$1.50
12-1
11-15
12-23
12-2+
.
iquar.).-
Heat
Light
Natural Gas
preferred (quar.)
Ltd.
Co.
Lafayette Hotel Co., 1st mortgage
Lehigh Coal & Navigation Co.. 4 %
•Akron
1-
$1
.<
class
Louisville
series
Nashville
&
due
A,
2192
1
;
1279
12-
3
37 Vac
j—'
5% .bonds due 1947—Dec 15
fund. & impt. bonds.Jan
1
mtge.
bonds,
Jan
3 Va.%
iiJ—
:
4%
mtge.
1-
3
12-
3
12-
Charleston-Transit,
4
1-
4
y
1- 3
12-4
2
Dock
Chicago
1
1
bonds, ser.' B. due I960—Jan
1
14
bonds due 1954_Dec
debentures due 1956—Dec
Maryland Income Bond Co., co'l. tf. inc.
3:/27o
& Robbins, Inc..
Mississippi River Power Co., 1st mtge. 5s, due 1951
Jan
Monroe Coal Mining Co., 1st mtge. 6s, due 1947_,
Feb
Narragansett Electric Co., 1st mtge. 3 Vis, due 1966——Jan,,
Nehi Corp., 1st preferred stock—
__Jq,n ,
&
Logan
Aluminum
Goods
Chicago
York,
Western
Louis
extended 3%'bonds due
lien
Erie
RR.—Lake
American
$4.25
12'Ac
$3.80
_
12-10"'
1-3
$1'A
1
7
12-17
12-20
12-10
$3
12-22
12-
V;'. 40C
__—
12-10
6
$3
30c
12-28
12-16
12-22
12-10
1-15
(year-end)__^!—a-!
$1V2
12-23
^12-13
25c
1-15
12-20
5c
1-15
12-20
(quar.)
—
-
——
'Sixth Avenue
North American Funding Corp.,
1
1<;
a
Coach
4
Vs7c
1-
Ltd.
Common
1736
American
6 7
Fork
&
preferred
Hoe.
Chicksan
3
12-24
,'
12-H3*
12-20
12-28
12-28
12-13
12-14
12-
12-
2050
due 1946—Dec
10
1941
—Dec 15
12-15
12-
1
1-
Cleveland
1-15
12-15
Worsted
12-
6
Clinchfield
6
1861
—Jan
preferred stock—
6%
1
American
0
Philadelphia Transportation Co.—
Consol. mortgage 2Vc-6Vc bonds,, series A, due 2039—Dec
Pressed Steel Car Co.,
Salmon River
Inc., 5%
Power Co.,
American
1770
15
2194
1st mtge. 5s due 1952——Feb
1
—Dec
12-
3
Colt's
12-
3
Commercial Shearing &
12-13
12-13
12-22
12-13
$1%
12-28
12-20
25c
12-30
12-10
a
1st mtge. 6s dated iy25
certificates due 1945—Dec 16
Seaboard Air Line Ry., receivers'
Shell
Union
Oil
2196
Southeastern
Greyhound Lines, equip, trust certificates-Dec
28
15
3%% secured bonds due 1946_Jan
1
Springfield City Water Co., 1st mtge. 4s, ser. A, due 1956—Apr
1
V
V
15-yf. 5Vs7c mtge. bonds series A, due 1946—
1675
Arizona
bends, seiv A
,
v
■
:
Arrow Hart
Suburban General Hospital of Eellevue, Pa.—
1st mortgage bonds, due 1945_
Temple University, 1st mtge. 6%
:
.
Co.,
Inc..—.7
1943
& Hegeman
Metal
Construction
Metal
Works
bonds—
J,„T
57
Inc.',"
Tubize
.
Chatillon Corp.,
conv.
7%
Refining,;..'47
6%
prior preference stock—Dec 22
-Apr1
2088
'
collat. trust >conv. bonds, series A, due I960—..
Atlas
■ •
1864
,Jan
United States Leather Co., prior preferred
1773
United States
2088
stock-———Jan
Leather Co., 1% cumul. prio_r pref". stock-Jan
1st mtge. 5s, due
West Ohio Gas Co.,
Weyenberg Shoe Mfg. Co., 4 '/2 %
1950—!—
Jan
Machinery Corp.—
mortgage 6s due 1947
—.——Apr
1st
Youngstown Sheet & Tube Co.,
Younastnwn
Sheet
1944-1947
&
Tube
1
2198
1864
Co., serial
;
——
debentures
conv.
pfd. A
—_—Dec
15
1944
Engineering
(jjuar.i !!''
$3
in
this
issue.
12-30
12-10
3-30
3-10
1-21
12-15
Avery
(B. Fi)
77
Ik Sons
preferred
7
12-17
12-
8
Debenture
12-10
12-20
57
12-17
12-20
12-10
2-
2-
12-39
12-10
1-
1
.12-28
Mfg.
Co.
&
Annapolis
(J.),
■
.
series A (quar.)
RR., pfd. (initial)
prefeme'l
67
Co.,
(quar.)
77
preferred (accum.):
preferred
(accum.).
7%
irreferred
(accum.)--——v—
$7
4
13-18
12-14
3
12-
4
1-
3
12-
4
1-
3
19-29
1-
3
12-20
12-15
11-30
$134
12-10
12-
1
$134
12-10
12-
1
$1.'4
12-15
11-39
12-22
12-10
$2Va
4-22-
$2Va
8-16
—_
$5
11-16
—
4-12
8-
2
10-30
&
Securities
87
Corp.
1-
1-20
1
12-10
12-24
3
1
$1V4
12-18
12-
10c
12-10
II-30
12-10
11-30
12-24
12-10
$1
12-24
12-10
3
12-15
12-21
12-14
1
12-31
2-
12-31
12-1
$75c
12-31
12-
12-15
11-30
1
12-18
12-31
12-31
12-18
12-31
12-18
$1V2
12-31
12-18
12-24
12-14
$l3o
12-22
12-11
$l3/4
12-11
12-28
12-13
12-20
12-11
31V4C
(irreg.).
12-22
$5
20c
(accum.)
pfd.
.12-24
12-15
$1
1-4
12-15
2
12-27
(quar.)..
of Canada—
(s-a).
Products
Steel
1-
75C
$$2'/a
•
1-
$1 25
12-20
12-
75c
12-20
11-30
50c
Co
12-21
12-11
4
25C
12-15
—
.1
77
common
p'artic, preferred (s-a)
03
1-
$2.40
2-
12-24
....
—
preferred
DiGiorgio Frrit Corp.,
$3
20c
(year-end)—L—
12-10
12-10
50C
....
(quar.).
pfd.
Dewey '& Almy Chemical; common
Class' B (quar.)——v...—
3
19-
11-19
12-20
$1
(quar.)...
5V27
Sugar,
& Michigan RR.,
Detroit
12-1
12-
7 2-18
1
12-21,
(quar.)__
12-
4
25C
12-15
12-
4
50c
12-22
12-7
-.
1-5
1
77-10
12-
$2
(quar.)
preferred
57
1-28
1
12-10
$2 V2
DeWitt, Hotel Inc.
(year-end)——.
Detroit fe Canada Tunnel Corp
11-30
3 7'Ac
77 prior preferred
prior preferred (accura.)
Bancroft
12-27
25C
(quar.)
-
Stores Corp., common
conv.
preferred (quar.)
Dayton
25c
(quar.
Foods,
Ba'dwin
Davega
1
3- T
1
440c
:-Tr.
(year-end).
Publishing
Publishing,
12-
\75c
.Extra;
Co.
Gas
preferred
77
Curtis
12-10,
12-30 \
12-10
1-
$1.75
11-24
'
(quar.)
50c
12-20
$50c
Cvban-American
12-
?71j2C
(Hartford)
...
—
Crowell-Collier
12-10
40c
Co-.
$1(1
12-, 4
12-27
$1 Va
50C.>
.
3
Smelting of Canada—
Corp., common
preferred <s-a)—
...
preferred (s-a)—.
!.
3rd preferred (s-ai
12-29
$1
preferred
(quar.)—.
Craddoclc-Terry Shoe
12-10
25c
(year-end)
77
''Announcement
12-20
25c
Automobile Insurance
Baltimore
due
12-13
1-3
$1. *'■>
(s-a)—7_._„
50c
$ 1V*
2nd
$75c
;
common.
1-
—!,<
Y.— "
1st
47
$2'A
(year-end)
Canada
(quar.)
Automatic Products Corp.
(year-end)..—._
B/G
serial notes dated 1940-Dec 15
57
11-26
$1
(quart)
Co.;
Axelson
York Corp.—York Ice
12-10
'
Press
Autocar
67
debentures due 1945—Dec
12-
8
50c
Atlas Imperial Diesel
United Public Utilities. Corp.—
3
3
15c
-Atlas Drop
2197
preferred stock
1-
1-
12-
$1V4
—
preferred
non-cum.
Atlantic
-
of
Consumers
10c
"
Thompson Products,
9
of N.
Co.
Extra
30c
((year-end).
& Santa Fe Ry.,
T'opeka
1772
lien collat. trust 57> bonds due 1951__Dec 27
Thermoids Co., 1st
9
Edison
preferred
5 7c.
Electric.!.....
(quar.)
Breweries
Associated
.Atchison
..
1478
12-
10c
—.
12-14
$2
Semi-annual
,
1863
1864
3
10c
Art
Jan.
6
10 c
i
common
—
..._—,
Ccrp.'. (year-end)
Consolidated Mining &
.12- 6
45c
—
Art
>
Consolidated
15c
Jan'
/V/-'.,..;
_Feb
10-yr. .conv. 67c debentures due 1945_Jan
Studebaker Corp,,.
Inc.,
!■
Edison
8
$1'A
—
n
-
(accum.)
Consolidated Cigar
37
Ltd. (interim)
Anglo-Irian Oil, ordinary (interim).——_
Applied Arts (year-end)—....
...
*
6
$1
—
Co
preferred .(quar.).—
$3
Electric—
Anglo-Huronian,
Bleachery & Printing Co.—
6%
Metal
Common
2086
■
1st lien
&
(quar.)_:
American Wringer
Ampco
Standard Public Service Corp.—
Works
If
12.
Investment
preferred
$6
$1V2
$1.50
——
67
a
Dec 27
debentures due 1967—.—Dec
Southern Pacific Co., 10-yr.
60c
common
Co.,
12-23
1-
$l'/4
Connecticut Gas & Coke Securities—
12-15
12-23
$3
.
preferred
$6
Power Co.—
.1st'mtge. bonds, series A, due 1947—^———
Standard
Water
1
12-
3
12-15
Cc
Mfg. (year-end)...
Stamping Co. (quar.)
Arms
Commonwealth & Southern Corp.—
Vv 1-5
1-14
$3
(accum.)..—...
0
Jan
Southern Union Gas Co., 67<
A
Fire
Commonwealth
$5
preferred (quar.)
Association
(year-end)
Turf
12-20
$ 1 Va
'
(quar.)—
Tobacco
American
Inc.—
debentures due 1955—
Southern Colorado
preferred
American
40c
—...
.—
Co.,
American
Socony-Vacuum Oil Co.,
18-yr. 2%%
67c
2086
1
Corp., 15-yr. 2'/a % debentures due 1954_Jan
class
(annual)
Snuff
American
(year-end)
Corp.
1-15
12-
12-14
30c
—
Patent
,
Service,
Common
.
(bi-monthly)
Mill—
preferred (quar.)
conv.
American
1863
50c
(year-end)
Ltd.
Co.,
Co.
12-20
$1.75
.......
12-10
12-22
12-22
— _
12-10
3
1-
10c
$1
(quar.)
(year-end)
Rolling
4J/a7
5
Schoenstadt. (H.) & Sons,
Republics
2051
debentures due 1951—Dec 20
News
American
debentures due 1952—Dec 15
Phelps Dodge Corp., conv. 3V2%
Metal
American
preferred
Metals
&
American
pfd. stock, series A_„Dec 31
Pennsylvania Electric Co., 5.107
Machine
77
Locomotive,
American
1861
12-10
12-20
25c
Peabody & Co. Inc., com. (year-end).
preferred (quar.)
—_.
77
1
12-20
$1 Va
f>
common——
12-18
3
12-1
——
preferred (quar.).i
77
Cluett
a
.—Mar 20
preferred stock—
Inc.,
Peaslee-Gaulbert Corp.,
Corp.,
Coal
12-15
1-
12-"
common—
-.77
12-18
$lVa
...
12-15
12-15
RR.—
Mills—*._,j
12-
37'AC
class B (initial)—.—'—
class.A——1
Locker,
non-cum.
,12-15
50c
Quarries
5
•
15C
$lJ/2
12-15
12-23
preferred (quar.)..
(quar.)—
25c
!
Ice
American
12-23
62'Ac
27c
Illuminating,
Electric
25c
-
.12-15
Supply—
Builders
Cleveland
3
25c
(quar.)__—
Corp.
12-10
12-23
57 pfd. A (quar.)
(year-end)...—
Co.
L.)
$4.50'preferred
6
12-15
$1 Va
Extra
Investment
Park & Tiiford,
(D.
Cleveland
12-14
12-23
15c
25c
Hardware
American
12-4
8
12-27
common!
Tool,
Cleveland
'»5c
1736
Dec 15
11-29
12-
„
30c
Cincinnati Gas & Electric,
12-13
$3
•1
$2
:;'7: $3
Bend
South
&
v—
i^-ro
1-
50c
Insurance (Houston) iquar.)
12-10
11-29
$1
Shore
Chillicothe Paper, 4J/27
Clark
12-20
$1 Va
(quar.).——.—
1
1
75c
—
.
Gen'l
1-
12-1
$1V4
67| preferred (quar.
12-16*
1-
25c
common.—„______
11-20
12-
$1
(s-a)
Extra
35c
uyear-end).!_
11-26
1
50C
conv.
Chicago South
4
1
$3
(year-end)
1
1
i—
$1%
(quar.)r
Factors,
American
16
Trust—
debentures, series B, due 1952—
Colony
$1%
non-cum.
Sugar; common..*.——,
Express
•American
Old
Body
American
1st mtge. 5'/2s due 1949_Dec
Oklahoma Gas & Electric Co.. 4% debentures
77c
Co.,
Pipe
Amer'can
2193
}
&
preferred
67c
1860
Iron
Crystal
American
2050
20
1st mtge. 5s due 1S45.
Nice Bail Bearing Co.,
American
1939
Cast
—_—Jan
1965J,
Jan
Corp.—
'
bonds due 1958
purchase mtge. 5% bonds due
6 7o
mtge.
1
Can
Car & Foundry,
American
1860
(quar.)-pfd.
67o pfd. (s-a»
(year-end) f_——_
preferred
77
Co.,
American
American
1°*0
6
$l
preferred (quar.v.
prior preferred (o.uar.)
conv.
$2.50
3
12-
12-
75C
Chicago Pneumatic Tool Co., ,common
11-26
$ 1 Va
Insurance
12-1
12-10
,
$ 1 Va
Mfg., $2 class A (accum.).
Chicago Great West'n Ry., 57 pfd. (accum.)
Chicago Mail Order (year-end).—
12-15
$1.06'A
Extra
Dec
1947-J-!—^
v
12-^0
'
3
12-
$2
•Chicago Electric
1
(quar.)_——_——
Alliance
American
12-
12-29
25c
Ry.—!—
(year-endl
Mfg.
Arch '
Amel-icw
1939
Valley Electric
preferred
conv.
2048
<Srr'
Omnibus
New York City
Prior
St.
&
1-
12-20
1-
8%C
—
Agricultural Chemical———T—Airlines, Inc., common (year-end)
American
7 291
1
Nov 29
Realty Co., class A bonds dated 1937-
New Jersey
New
'
1-28
IOC
(quar.)
Canal
&
1
preferred (quar.)..
(irregular)
6 7
Chesapeake & Ohio Ry.
s
McKesson
v
$37c
,
(year-end)
Dock
Wharf & Wet
4
■
(quar.)—
Mfg.
Brass
Altocna
i
2047
unified
RR.
1950—
unified
Extended
12-15
3
''v'.
Central
Central
30c
Albany & Susquehanna RR. Co. (year-end)
Alles & Fisher,-Inc. (year-end)
Allied Chemical & Dye Corp. (quar.)——
1st mtge. 4s, due 1955———Dec 31
Libby, McNeill & Libby,
1-
$50c
(quar.)...
Capital Wire Cloth & Mfg.f $iy2 pfd. (quar.)
States
Edison
(year-end
12-10
,
(quar.)„
Insurance
fAhlberg Bearing Co., class A' (quar.)—
f'J
v
bonds, series A, due 1959——Jan
mortgage 4147c
I-10
12-15
t$4
(s-a)——.
(s-a)...——
Co., Ltd., 67
Power
$1%
11-30
12-17
20c
1
Jan
—
1
'Canadian Wirebound Boxes Ltd.—
$1
Jefferson & Clearfield Coal & Iron Co. Indiana County—
b'/o bonds, due 1950———
1-10
'
$$1
Insurance
Indemnity
Oil
&
2-
t50c
;■
1-10
1
12-31
:t$l.,/4'"
.
Ltd.
Converters,
2-
|50c
,
.1st mtge.
12-10
12-27
:i.'37'/2c
common (quar.)
(quaf.)
Canadian Westinghouse
50c
Corp.
2046
1
1
1st mtge. 4V2s, ser. a; due 1958-Mar
1968
12-11
i$i'/4
(quar.)..
Ordinary
2
,
Light Co., 1st mtge. 4s, due
12-10
12-27
20c
'
12-
$$3.25
6V27e preferred (s-a)„
(year-end)
(year-end)——
Acme
iJan >1
Jan
1
Gulf States Steel Co., 1st mtge. 4'As, due 1961——Dec 22
Idaho Power Co., 1st mortgage 3.%% bonds due 1967-^Dec 17
International Rys. of Central America— •
:1st iien & ref. mtge. 6xM7c bonds 1947—
—Feb
1
Iowa Power &
12.-15'
12-22
■
•
Globe-Wernicke Co., 1st mtge. 6s due 1944—
Iowa Pwr. & Light Co..
2
12-
,
,
:
'
Canadian
of Rec
12-23
$1
preferred .(quar.)^„_—
4(/o
.
12-21
$1.50
(quar.)..
(quar,)—.'
common
Co.,
Bronze
('Canadian
Holdere
Payable
10c
\
Dec
12-17
1-3
50c
15c
preferred—__
Mining (irreg.) "
Utilities,
•
40c
(quar.)—
Laboratories
11-27
—
& Motor,
Canadian Fire
Per
Abbott
12-31
12-10
Sl'/a.
V 12-17
12-10
thare "
Name of Company
3
1-15
(
$1.25
Extra
,
1824
8
12-
J 50c
—
'
'
'
1440
12-
s
>
Co
Canadian
1
12-15
12-15
15c
Consolidated
Hecla
Canadian
12-10
r
Companies
484
15
3
$3
;
1
sinking,fund 1st preference
57
12-20.v .12-101
1- C
12-13 :
'
$3
-
12f
1- 3 j
.
$10
Bank
Side
West
14C
i20c,
3- V 12-23
+$1
Y.); (quar.)—
1
12-1
'
1-
$3>
(s-a)_—
12-
12-10
V
(quar.„
(quar.)
Co., 67
preferred
Terminal
Canada Cycle
'.
$2
(quar.)
(Detroit)
Trust
12715-
'
<quar.
(quar.)
Co.
California Pacific
6
1
$3-
1-
12-6
50c' '12-15
12-31
12-
$25C
/
Power—
&
^..California Cotton Mills tyear-end).
12-15
50c
;
3
$1
(irregular)
preferred
Watch
Calumet
3
12-7
.
12-15
12-15
—
1212-
(year-end)......
Co.
&
Battery
Burlington Steel
12-15'
12-15
12-15
12-20
(quar.).......
Burgess
Bush
50c
(C.)
Bullova
r
12-15
3
1-3
$$2
Water
6
12-10
.
$2
...
..
..w...-.
Traction Light
prior
$5
{>/
■
$1
Brook
12-
12-22
60C
.
Hose & Rubber, 6 7 pfd, (s-a)
preferred
12-17
12-20
62 Vac
class A (s-a)
notes
Wharf'
Woven
12-17
3
'
Brown. .& Sbarpe Mfg. <quar,)..._..--i.;-;.7
! Brown-Forman Distillers Corp.— •
12-14
3
•
V:./;^
B;~due 1952__Dec
Georgia-Carolina Power Co., 1st mtge. 5s due 1952
1
3
1-
1-
Management
12-31
3
1-
•
$l»y2
(year-end).**.—
British American
1-
1634
2043
67c preferred stock, series A.Dec 31
General Tire & Rubber Co.,
12-
12-10 i
$3
(quar.)!;
(Toronto)
Boston
Brewer
8
1-15
1-
+15c
•
.
Insurance
payable in 5-year 67
Boston
6.7
50c
(Toledo)———_
Trust
12-
,
12-
$l3'i
.
Inc.,
.'Bound
50c
trust
extension in 1945---
mtge. trust bonds due by
.4%
(quar,).
(quar.)
Fire
Co.
'S Brazilian
15c
Trust Co. of Boston (quar.)——
-State Bank of Albany (quar.) ——L—!
2189
1
Mtge. & .Title Guaranty Co.—
Frank'in
,
bonds, ser.
11-20
;
._T
preferred
".'British Columbia Rower,, class
3
1-
,
$1V2
Pilgrim
8
1st mtge, bonds due 1952—Jan
Ltd.. 6%
Eastern Car Co:,
31
Dec
1
Bondholders
1
.
Citizens
Ohio
Dec 27
—
12-15
12-15
16c
'
zJan
12-31
12-31
40c
1
Extra
—-Dec
!
15c
(quar.)
$7
12-15
12-31
30c
62!'2C
•
50c
3-27
1
12-20
Savs; Bank (quar.)
Ltd.
United
debentures due 1950—
4-
$S1
Quarterly"
•' V
•
1945
due
1st mtge.
'
-
preferred stock——
Co., 10-year 2'/4%
Dominion
'•
debentures due 1951—
Steel Corp.,
Continental
•
.■
.(.quar.)
common
(year-end)....
i
12-27
40c
(Ontario) (s-a)
Northern N. Y. Trust Co. (Watertown, N. Y.j
s.f. bonds dated 1935—Jan
Consolidated Gas Utilities Corp.-^
1.1-16
(quar.)„...._.L.^
1
12-10
40c
-
,:;y;
preferred (quar.)^_
$2 conv.
,
Dec 28
1
3'As,. series I
Co.,.. 1st mtge.
Edison
Consolidated Coal Co., 25-yr. 5%
;
Ltd,
Hats,
Extra
,11-24
_
—•
—
12-10
v
Colon Development Co., Ltd.— '
-r
\i6% redeem, coiiv. preference stock--!——-—Dec
1
Society.—
preferred
Borden
12-6
12-15 V,:
$2
Irving Trust Co. (N. Y.)
<quar.)_
Manufacturers Trust Co. (N. Y.j, com. (quar.)
1822
1
Chicago & Western Indiana RR.—
••• f-:-■
;
vlst & ref. WS/o "bonds; series D, due 1962z_i.-__-,——-Mar
12-
Birmingham
of Rec
25c
Pittsburgh, common
of
Trust & Savs.
'
bonds
.
Apr
25c
Black & Decker Mfg. Co.
Holdert
Guaranty Trust Co. (N. Y.) (quax.)-,—
Hazelton National Bank (Pa.)
(extra)—___
series C 4% due 1965^Dec 24
^Mtge, & collateral trust bonds, series D 3'A/A due 1968_Dec 24
.
When
:?:,i25c
; .Mtge,,& collateral trust bonds,
California
'
v;
Payablp
20c
2039
,1
1949_Jan
Co., Inc.j 1st mtge. 5s, due
of Pennsylvania—
r ;
:;
25-yr. 1st & Ref. 5% bonds, series B, due 1945!.::—Jan
1
Bell Telephone Co.
Blackstone Valley
Bank
National
Common
v
Bedford Pulp & Paper
J
thare
Pa.) (year-end)
(Chicago) (year-end)
Bank
National
Drexel
•
• 1
-
——^...Jan
Loan
Biltmore
12-13
12-13
(1938 series! (quar,)..
Birmingham Electric,
,
$6
Companies
Name of Company
Grey & Bruce
collateral trust bonds due 1959-^—1--.
5%
2039
5'/* bonds- due
Atlantic Gulf & West Indies SS.
Trust
Broad Street Trust Co. (Phila.,
-
1.
4%%. bonds, due 1944—._______Dec 27
5 %v bonds, due 1944,,
Dec 27
series A
series B
-1st mtge.
.
Beneficial
Loan,
1
1
a.......u—
S2Va preferred
■
u '
"
;
Charlotte Air. Line Ry.—.
&
i:1st mtge.
Year-end
.
1-
$1.06 Ya
(quar.).—
Industrial
Beneficial
12-13
1
1-
65c
..k
s
Per
1525
Arkansas Power & Light-
Armour & Co.
and
Bank
2039
:i.l-
•-1st « ref. mortgage
35c
(quar.)
.........
preferred
1-
\
: ;
.
1953
$4.25
The dividends announced this week are:
Page
,. .\;y
Date
'','V''jA'".. y.V \>/
- •'*
»;
due'1954-,r^__^_^-V„__---Dec 16
■'.-'V-
—
Acadia Sugar Refining Co.—
,6general mortgage bonds
Co.
Creamery
12-31
1-15
Ul34
pref. (s-a)..
of Rea.
Payable
thara
77
!'Eelknap Hardware & Mfg. Co...—
paid. Further details and rec¬
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
'
7-;,:
v-y declared.-'
in
Canada,
Special
•
which have not yet been
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
of
Holaert
wnen
ret
Name of Company
Barber-Ellis Co.
.
(initial)....
Dixie. Ice
Cream
Dolphin Paint & Varnish, class
Dcmmion Foundry & Steel Ltd.
Do-'nion
77
75c
(quar.).,
67 preferred (quar.)—
Dow Chem'cal. $4 preferred A (initial).....
Dresser
Duke
77
Cnrp., 67 preferred (quar.).——Manufacturing Co.—
—
Power
Co.,
common
(year-end)
Corp.,
common
87, preferred
(year-end)—
(quar.)—.
12-7
3
12-
7
12-
7
1-
1
11-24
12-23
12-14
12-
$' ?A
12-
1
11-23
$35c
1-
3
12-10
$$l'/4
1-
5
12-28
t$1.75
1-
5
12-28
37'Ac
12-15
50c
1-15
75c
1-
12-
1
1-
3
3
12-24
$1
$1
—
preferred- (quar.)—..,—
Duplan
•I/- 3
12-22
—-—
A faccum.)
(quar.) —
D-mohoe's,
"Dravo
$1%
—_
Ltd., common
(quar.)..—
Glass Co.
preferred
•
-
$l'/3
12'Ac
(quar.)...—
Crucible———
(Joseph)
Dixon.
! 01 Va
—.—————
partm.' preferred (participatingi._——.
preferred (accum.)-......——
12-21
12-11
3'4
12-23
$1.75
50c
$2
1-
3
12-
6
12-15
12-21
12-10
3
12-10
1-
2290
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
When
Holders
share
Name oj Company
Payable
of Reo.
Duquesne
Brewing Co. of Pittsburgh (extra)
Ea'st Mahanoy RE. (s-a)________
Eastern
Eaton
50c
12-
10c
Per
12-
12-23
Hunt's
4
Class
Ideal
12-10
Corp.—
non-cum,
preferred
Economy Grocery Stores
Edison
Brothers
Edwards
8'/o
Controller
Electric
Ferries
Electric
&
Elmira &
12-18
12-20
12-13
(quar.)__
$1.50
12-
—,___
com,
50c
12-15
3
$1.75
(s-a >
12-
12-21
12-10
12-21
5%
12-10
preferred
Ltd.
3
1-
$1.60
50c
—
12-10
50c
i
(quar.)
12-10
50c
(year-end)
3
1-
2
12-
Nehi
Excelsior
Insurance
(Syracuse, N. Y.)
A
(quar.)
_______
1-
20c
12-23
12-
12-
12-10
12-16
12-
6
40c
12-15
1-
Fear
J 2c
' 75c
&
Chemical,
(quar.)
50c
12-15
11-30
Federal
Insurance
Federal
Screw
Fenton
United
(N. J.)
35c
(quar.)
Works
*
3
Ferry Cap & Set Screw Co
Fidelity & Guaranty Fire Corp.
First
80c
National
Fitzsimmons
Stores,
Stores,
Inc.
(Bait., Md.)
$4.50
preferred
Stove1'—
Formica
Insulation
Fort Pitt
Fostoria
Foundation
St.
Co.
Louis
12-10
3
Frankfort
Gair
Canada
12-13
10c
12-
50c
12-15
25c
_
1
11-20
12-
Brewing
Co.
5y2%
&
preferred
Gemmer
(quar.)
Gas
12-10
Jones
12-15
12-23
12-
8
25c
12-16
12-
6
75c
12-22
12-14
B
General
1-21
Northern
$2
(quar.)
12-10
12-
12-10
12-17
$1
12-30
12-17
Oakland
l-
12-
30c
12-22
12-10
Kidde
12-22
12-10
Laclede
$1.50
class A
(quar.)
12-31
12-15
Landed
12-24
Lang (John A.)
12-
Lawrence
l-i
3
12-14
3
1-
4
$6
preferred
Giddings
12-28
12-15
12-1
12-21
12-
Giimer
(L.
Girdler
Corp.
Gisholt
Machine
Glen
Alden
Glen
Falls
Extra
(quar.)
30c
50c
$1.50
i:
Grand
Rapids Varnish
Granite
Great
City
Steel
American
______
_
Hart
Carter,
$2
conv.
Hart
Corp.
Class
QV2%
of
&
7%
I
Home
preferred
Furnace
Corp.
Tel.
&
12-10
12-
3
12-10
12-
3
12-20
12-
8
12-15''
12-
8
12-20V
12-
8
12-
1
1-
3
1-
3
1-
3
12-15
12-21
12-11
12-15
12-28
12-17
1-
12-18
I
&
(quar.)
6
%.
(Harvey)
12-18
12-22
12-15
12-15
12-
12-30
5>/2'in
12-15
12-
1
11-20
12-
1-15
1
11-20
$iy4
1-15
12-31
pfd. (accum,)
$2%
12-10
11-80
$1%
b';'Vv'
12-
3
.•
&
(quar.)_
$2
373/2c
12-27
12-10
12-26
•
1-1
12-23
12-10
12-15
12-10
12-10
11-30
12-2*0
12-, 1
1-24
12-24
12-
9
12-24
12-
9
15c
12-30
12-17
12-30
12-17
12 v2c
Co.
Coal
1-
•V
12-15
11-30
1-
3
1-
3
12-15
12-20
12-13
$1
b"
$iy4
12-15
30c
12-17
12-3
37V2c
__________
12-27 V
12-18
$2c
12-31
12-'1
25c
(quar.)
12-15
12-
25c
1-
12-18
12-11
12-18
12-11
30c
12-31
12-20
50c
12-15
11-
$1%
b
25c y
$2%
___________
12-10
12- 15
12-
12- 23
:
$3
(quar.)
3
4
:12-10
12-20
12- 20
$1
(year-end):
12-
3
12-10
8
12- 20
12-10
1- 20
12-31
12- 27
$1%
12-1
'
$1
Employee's
4b
stock
non-cum.
Co.
V
10c
preferred______________i__;_
12-24
12-30
12-24
12-
1
11-29
12-24
12-10
25c
12-15
12-
1
20c
12-15
12-
4
12-
7
tsc
i-
Original
stock
(s-at
W 10c:
Cashable
stock
(s-a)
;
5%
12-15
12-
1
ioc
Corp., common (quar.)___
Original
preferred
(quar.)
7% 1st preferred (quar.)—________—
Okia.,
7
12-15
12-
1
50c
Publication
12-23
12-13
$1%
1-
3
12-20
1-
$1%
pfd. (quar.)
3
12-20
$iy4
12-24
$2
12-15
12-
25c
12-31
12-20
$1.25
12-31
12-20
Pyle-National, 8 b preferred (quar.)________
Ralston Steel
11-23
12-30
$1
50C
Prentice (G. E.) Mfg. Co.-____T_____________
Laundry ■, (quar.)
—_—_
Proprietary Mines, Ltd. (irregular) ________
Public Investing Co. (Phila.)—•.
■
Co. of
4
•
$3
;
America
Service
12-, 1
12-
$1
Cedar
of
12- 27
10c
;
Paper—
(year-end)
Orford
Potash
(special)
Fuel
Common
Public
Car
Co., common____________
5b preferred (quar.)
Rand's
(Pittsburgh), common
8b preferred (reduced quar.)
Rayonier, Inc., $2 preferred (quar.)
.
12-24
1
1-15
12-31
25c
12-20
12-10
$1%
(quar.)
preferred
Mfg.
(s-a)
12-12
12-31
Mohawk
12-8
Monarch Life Assurance
12-22
12-
8
4
25c
Drug,
Class A
77c
(quar.)
12-20
12-1
Richfield
1
11-20
Richardson
5c
12-29
12-22
$1V2
1-
3
12-15
$2
1-
3
12-
Riegel
Oil
1-
f$l%
6
12-14
7%C
12-28
12-15
8%c
-■>
12-28
12-15
12-13
12-
(irreg.)
l-
3
87%c
3
12-20
12-10
7
12-20
!l.37y2
-1-3
12-15
50c
pfd. (quar.)
Corp.
1-
1
12-28
12-17
12-
11-27
—_____
(year-end)
$1.10 *,
Paper
25C
4
Valley Gas Co._______
Riverside Silk Mills, class A (quar.)
Rochester
41/2b
Telephone
1st
common
preferred
1-
3
12-15
$1.20
1-
3
12-17
2c
1-15
12-22
50c
1-15
12-10
1-2
12-10
Rqos Brothers,
/
r
12-15
12-
4
10C
1
12-20
12-20
$1
(quar.)
Co.
5c
_______________
6
12-
1-3
Rio Grande
'1300
__
common
Reynolds Metals Co., 5V2b
12-
12-
12-15
______——.
Corp.,
preferred
12-15
5c
50c
(quar.)_
common
Reed-Prentice
$1
50c
Corp....
Reed
12-1
(quar.)
1-15
1
1-1
—
(quar.)
12-
6
.12-15
(quar.)__
Co.
Liquer
pfd.
12-1
12-
10c
—:
4%
12-6
:V-b$ 1%
__
Reclaiming, $4 pfd. (quar.)
Mfg. Co. (year-end)
River Power, 6% pfd. (quar.)__
common
11-19
12-15
$lJ/2
&
Ltd.,
1
1-17
$iy4
________
Birmingham RR.,
12-
f30c
2%c
_______
$$1%
Corp._
12-22
12-
12-22
12-10
11-24
11-17
11-24
11-17
12-10
12-
1-11
12-15
12-27-
12-15
1-14
12-15
12-
1
12-15
12-
1
Motor
,
Mount
Diablo
Oil
preferred
Mining
Mount
Vernon
Woodbury
12-
Nash-Kelvinator
1
Nashville
12-15
12-
4
7V2V0
1-
1
«; 12-18
1-
1
12-18
,
_______Z
(accum.)
Motors—
30c
1-
3
50c
12-15
15c
11-30
12-15
12-
12-10
15c
12-24
30c
1-10
4
12-
'
6
11.-23
11-27
12-
1
12-
9
(F. E.)
&
& Bro.
Devel.
(quar.)
75c
12-21
12-21
12-10
12-10
12-28
12-15
40c
12-20
12-10
11-30
12-29
lc
_
12-
12-15
12-
4
2C
12-18
12-
7
f-50c
(quar.)
$1V4
•
1-
3
12-10
1*
1
12-20
_b__
$iyB
1-
1
12-20
Paper, 7b; preferred______
(quar.) _______________
$1.75
1-
1
12-21
25c
1-
1
12-10
A
(quar.)-,
preferred
12-
National
Bond
&
National
Co
Steel
Mfg
15c
Corp.
(quar.)_
National Supply, $2
preferred (accum.)
5%%
preferred (quar.)
6'b prior preferred (quar.)
Natomas Co. (year-end)
preferred (quar.)
Roosevelt Field, Inc.
(year-end)—
Ruberoid Co.
(year-end)
Rubinstein
'
25c
Joseph Stock Yards
Louis
Bank
Bldg.
Equipment________
Securities
of
Delaware
Corp., general
Security Engineering Co.,
7b
preferred (quar.)
12-22
2-
12-15
1-11
12-24
12-14
12-
11-20
12-15
1
12-
8
3
12-20
1- 3
1-15
12-15
12-14
4
(irregular)
Royalties
Simon
(H.)
(resumed)-—
$6
(quar.)
prior
$2
12-27
12-10
$1%
12-27
12-10
12-27
12-10
Sorg Paper, 6 b
12-
11-15
25c
7
4-6b
B
12-1
12-15
12-10
12-1
preferred A
12-15
20c
12-15
11-30
12-15
11-30
50c
12-
4
11-24
13-
—
75c
12-15
12-
4
25c
3.2-11
12-
4
$15c
12-23
12-
3
$$1%
12-23
12-
3
$iy4
12-31
12-10
$iy4
12-31
12-10
20c
12-21
12-11
30c
Iron, com.
preferred
9
12-10
25c
1-15
12-21
12-11
t$iv2
1-20
12-31
25c
12-18
(reduced)
(Howard) Paper Mills, 6b pfd. (quar.)
Corp
series
4
12-15
Snap-On Tools
$1%
12-
$3c
—
Smith
11-30
12-23
75c
Rayon, 5%. preferred A (quar.)
preferred (quar.) _______—
preferred
12-
12-10
______
(quar,
&
12-14
—
(irregular)
&
Sloss-Sheffield Steel
10-22
5C
(year-end).
_____—
Co.
12-20
1
4$%c
common
Sons, Ltd., common (quar.)__
preferred (quar.)——________
7 b.
Skenandoah
5 b
12-
B
Signal
12-20
25c
Class
3
40c
(quar.)__________
Mines
3
112-
50c
Signal Oil & Gas, class A
Gold
12-10
12-
50c
.
Sheep
Creek
12-10
12-21
12-10
i2y2c
.
—
Oil
1-15
50c
Co.
(year-end)____
Mfg. Co
Scudder, Stevens & Clark (extra) __—^
Seaboard
12-15
9
12-21
25c
(quar.)—
&
1
12-
70c
Schwitzer-Cummins
Scoville
2-
11-30
,
50c
_______
St.
1-3
$1%
(Helena), common (year-end)
(quar.) __________________
A
12-10
12-30
$2
$6.50
Security Title Bldg., $7 partic. pfd. (accum,)
8
75c
____
25c
15c
——
11-15
1-
.
(quar.)
(quar.)
RR.__
12-
87 %c
__
Corp.
Corp.
Clinton
12-22
40c
_____
(initial)
&
12-21
25c
common
Cable
Rome
12-7
'
3
87V2c
Mfg. Co. (year-end)
new
1-
1
$1
_
Steel
Car,
1-20
12-15
40c
Mfg.
Screw &
National
11-24
12-11
National Oil Products
Screen
4
2-1
12-28
50c
Enameling & Stamping (year-end)
National Oats Co. (year-end)
National
12-
9
12-28
National
National
11-15
12-
50c
(year-end)
Share (special)
&
Aircraft
Rome
11-15
12'/2c
Corp.
Chemical
3
12-17
25c
Aviation
11-20
12-18
RR.—■
(year-end)
Co.
11-20
;
'b':-"V
$5
93%c
National
3
b,b ! v
(s-a)
Natomas
Pendleton
St.
lc
Mills—
(quar.)
Decatur
National
12-20
12 V2c
III I
Myers
(Sabln)
&
Class
___________
$1
_
12-10
11-30
$1.25
Munising Paper, common
!
:_
' 25c
5'/o 1st preferred (quar.)25c
12-
12-27
$3
_
(accum.)
12-1
50c
(s-a)
(quar.)_
__________
12-15
1
&
Extra
12-15
31 y4c
preferred
40c
25c
_______
(quar.)__
$1%
6%
$5
Roeser
Rohr
(s-a)
common
"
Finance Corp.,
12-15
30c
preferred
Mines
Morgantown Furniture,
Extra
12-17
1
Porcupine
Montgomery Ward & Co.,
$7 class A (quar.)__
1
12-27
2-
Robbins
(Springfield, Mass.)'—
Semi-annual
Moneta
12-14
25c
-
$2
$iy2
:
(quar.) i.
(initial)
1
12-21
v'-i ')■
^
preference
3
'
$1%
Cordage
1
50c
(year-end)
Gas
1-14
12-15
:
75c
:
(quar.)
Plymouth
12-15
Ltd.—•...
12-16
15c
.
Power
Pittstown Co., class A
Class B preference
12-10
14c
12-31
12-30
75c
v
(irregular)
Governor
Pittsfield
12-20
12-20
12-15
1-15
25c
Progress
10-29
12-31
;/■■
,
$iy2
,7b
preferred lquar.)_____—___________
Pittsburgh Metallurgical
12-31
11-27
12-15
__________
Containers,
Modine
Co.
Common
12-31
12-15
35c
Co.,
(quar.)
12-15
3
Mill Ltd.
(year-end)
Pittsburgh Fort Wayne & Chicago Ry.—
12-20
:
1
3
(quar.)
(quar.)
Mines, Ltd.
Heat
Port Huron Sulphite &
1-15
Fund..—__
1-
11-
(quar.)___
Pocahontas
1-15
Rubber
Mississippi
1
Co.
12-17
:
11-30
i2yac
_____
5% pfd. (quar.)__
Properties (liquidating)
12-31
1-15
11-19
11-19
$1%
Co.,
12-17
1-25
1
1
12-10
$iy6
(quar.)—________'
12-31
60c
Oil
Tool
8
4
12,12-
.
..
373/2C
12-10
12-18
$1%
Oil
Micromatic Hone
12-
12-18
12-18 V
:
1-10
__________________
&
12-31
12-31
12-31
25c
_________
12-
25c
12-31
4V2c.
Co
11-19
Pioneer
17'/ac
preferred (quar.)_.
$6 preferred
Mobile
50c
(quar.)
pfd. (quar.)
(quar.)
Pierce
3
:
17y2c
Metropolitan Edison,
Modern
12-21
_____
Investors
Navigation
12-15
1
(quar.)____________
Philadelphia Dairy Products Co.—
$4 non-cum. 2nd preferred
$6 prior preferred (quar.)
1
3
'•'iV-bbVb
(year-end)
3
50c
preferred
(irregular)
Forge
Stove
Gold
12-13
50c
Publishing Co. (year-end)
Corp. (quar.)
Melchers Distillers, Ltd., 6% partic. pfd.___
Mercantile Acceptance, 5% preferred (quar.)
12-10
$1.62%.
!
I_I—Z.
Oil
Electric
Corp.
preferred
Miller
Perron
Petroleum
12-
37J/2c
McGraw-Hill
Midco
12-21
(quar.)_____
common
Med ford
6%
12-21
V
$4c
regis, (interim)
Second
12-15
$1%
Mfg. Co. (reduced)
Light & Power (monthly)
preferred
Perfection
:
3
$1.50
common—________
25c
_____
Houston
(Texas), 6%
12-10
12-
Communica-
:b:V';.b-
Maryland Drydock Co.,
7% preferred (quar.)
12-10
43%c
,____
Marine
ord.
preferred
(quar.)_
Co
12-15
-
12-1
112-
75c
Circle
12-
3iy4c
(quar.)
Marlin-Rockwell
12-15
4
Perfect
37y2c
(quar.)
Tel.,
preferred
McColl-Frontenac
25c
Houston
Hubble
7 %
12-20
1-15
3
12-31
$1.25
Marine
for
McBryde Sugar Co
25c
~
Honomu Sugar
(year-end)
Horder's Inc. (quar.)
Howell
Oil
Maritime
12-20
1-15
SOc
A
Insur. (Calif.)
Honolulu Rapid Transit
Co., 6%
6%
12-23
3
12-15
10c
Pennsylvania Water & Power, com. (quar.)
$5 preferred (quar.)—
Pepeekoe Sugar (year-end)________________
12-27
12-31
(quar.)i.—____
V •<> '•
rets,
$3%
Co.
Fire
Hoskins
International
50c
prior
Holophane
3
10c
Corp. (quar.)
Hickok Oil Corp., common
(quar.)
5 %
preferred (quar.)
7b
1-
$2.50
Rubber
Holland
12-20
30c
preferred (s-a)
Hewitt
12-20
$1
:
common
6
5
1- 2
25c
com.__
12-10
37 y2c
conv.
Pennsylvania Sugar
Pennsylvania Sugar
Port
30c
•
(quar.)
Extra
12-
(quar.)__________
($25 par)
$1%
—
Hearst Consolidated Publications—
7% preferred A (accum.)
Hershey Creamery,
(Ky.),
4
12-13
8
'
.
:
preferred
par)
30c
class
12-
lc
dep.
Margay
12-20
10c
(year-end)
B
($100
tion Co., Ltd.—
25c
__________
America,
2
12-27
_________
Co.
12-
40C
pref.
(quar,)—"*
preferred (quar.)______
$iy2-. .v 12-31
preferred
Midwest
_
(quar.)
Marx
„
;
$1
Co.—
_
1
12-
12-15
______________
_____—
Electric
Si
8
12-15
10c
12-22
Royalty
Amer.
12-10
10c
(year-end)
preferred
Corp.
(quar.)
Gas
Matson
50c
(quar.)
(quar.)
common____
Schaffner
Harvill
Hat
Co.
(quar.)
12-
C.)
(J.
Pennsylvania
12yac
.
12-10
20c
________
&
________
12-22
12-
$2
$2
12-31
15c
Mfg., class A——C__ >11.
Hammond Instrument
Chemical
3
3iy4c
Hamilton
Harris Hall
3
1-
(quar.)
12-29
my4
—_—__
(quar.
Product
Co.
4
11-20
12-24
(quar.)___"_
Investors,
6%
4
12-
11-20
12-24
'
5c
12-14
15C
_______
Harshaw
1-
1-15
$iy2
preferred
(quar.)
common
series
&
Traffic
Penney
15c
1
________
11-24
12-
;
$1%,,
preferred (quar.)
Appliance Co. (quar.)
50c
(year-end)
■
Marconi
8
$3
________________
common
Penn
11-30
12-
$9.52
11-24
25c
11-30
12-15
12-31
11-26"
55c
?
________
common
prior
Park & Tilford.
12-10
12-13
5c
12-17
50c
__
Co.
7%
5%
Lusk
8
12-
20c
(year-end)
Realty Co., 6% preferred (accum.)
Lamp (C. M.) Lamp (year-end);
Extra
12-
Inc.
preferred
5%' preferred
11-30
3
20c
(s-a)_
______
Guilford
Harrisburg Steel,
1-
5c
Grumman Aircraft
Engineering Corp.—
Year-end
—:
Harrlsburg Gas,
6b
11-30
12-10
20c
1
12-11
12-15
25c
Lighting, $5 preferred
Parker
12-10
12-15
60c
B
12-24
25c
(B.) Wire, Ltd. (quar.)
Gruen Watch Co., common
5 b
preferred
(quar.)
Hall
:
12-20
1-
12-
$1
(year-end)
preferred
IT-uit
Pfaudler
(participating)
Works
20c
Greening
Haloid
12-20
Refineries
conv.
Extra
4
75c
(quar.).—______
common
12-20
6
1-
11-26
approval of the
Pacific Portland Cement, 6 V2V0
Pacific Tel. & Tel., common
12- 9
12-17
1
55c
Inc.,
Power,
conv.
Pacific
12-16
75c
Wilkes-Barre Corp.___—
&
35c
Co.
—
12-23
12-23
HlVaC
V
Massachusetts
*
(year-end)
Great American
Investing Inc. (initial quar.)
Great Lakes Terminal Warehouse
Extra
$2
$$1
_
(s-a)
Loew's Inc.
11-26
12-23
(quar.)
(quar.)____________
Leather resumed
& Sons
C.)
.
Louisville
1
4
40c
(Ontario)
________
12-14
12-
$1
—
(year-end)
Greenfield Tap & Die,
$6 preferred (s-a)
$1.50 preferred
6
20c
Lipton (Thomas J.), Inc., 6% pfd. (quar.)__
Lisk Manufacturing Co.
(year-end)
Little Long Lac Gold Mines'(irregular)i__V
12-14
12-
12-
20c
(quar.)
Insurance
1
1-
12-11
12-14
62y2C
:
Corp.
(A.
Locomotive
Class
7
12-15
$1.75
—
Co.
12-24
12-
12-10
25c
Globe-Wernicke Co., 1% preferred (quar.)
Goldblatt Bros., $2V2 conv,
preferred (quar.)
Fisheries
12-28
25c
—
———
(year-end)
12-16
25c
-
(quar.)—
Golden State Co. Ltd. (quar.)
Goodman Manufacturing Co.
12-
62V2c
;___
4
12-
50C
1
12-14
$1
(year-end)
com.
3
12-
(quar.)
(year-end)
Debenture
dividend
'Pacific
4
2c
20c
12-
75c
:
&
conv.
Tail
$5.50
12-4
12-
67c
Extra
12-20
25C
40c
Co.
3
1-1
Co.,
Lipe-Rollway Corp., class A
$1% 12-8-43 10-15-37
Co
Insurance
12-
12-10
12-10
$1.75
(quar.)
partic. preferred
Lime
$1% 12-8-43 10-15-37
_________________
Gorton-Pew
11-29
25c
__________________
Co.
b
(year-end)
Banking & Loan
Leonard
1
$1
Tool—
—T—,
—
Coal
12-10
1-
__i
Co
12-
67c
Instruments, com. (year-end)_
(quar.)—r______
H.)
Co.
preferred
Lehigh
12-3
12-10
50c
preferred (quar.)
Machine
12-10
12-
12-10
12-15
12-27
$1%
(quar.)
12-20
30c
Sugar
B'Gosh,
3
50c
(irregular)-
Pacific-American
12-10
12-10
15c
Extra
6%
3
12-21
60c
__
■i
12-13
13% c
(postponed dividend)—
Lewis
&
1
Lawyers Title & Insur. Corp. (Richmond, Va.)—•
12-20
iy2c
Refractories
Time
$2.50
;
Common
General Public Service Corp.—
$6 preferred (postponed dividend)-———
preferred
&
Sessions
12-15
9%C
$5.50
&
12-15
$1%
1-
Lamson
3
75c
$6
Candy Corp. (year-end i—
General Fireproofing Co.* com.
(year-end)
7b
preferred (quar.)
General
1-
1-1
.
_
Guar,
(subject to the
Co., class A
Loan
$4Va
12-10
1-1
37Viae
(year-end)
87j/2c
10c
$1%
-
Otter
$1%
Steel
12-31
25c
:
(quar.)——
General
12-15
.
"b
12-10
12-15
35c
(Walter)
20C
„
—————
$2.67
12-31
12-28
Ab-bbbb-V:;) V-Vb'.V'
Keystone Custodian Funds, B-l
Series K-2 (year-end)
1
34%c
(quar.)
55c conv. preferred (quar.).
Corp.,
Oshkosh
,
& Transport
Ken-Rad Tube & Lamp Corp.—
Class A
(year-end)
11-20
$1%
Paint
12-15
•
Kelley Island Lime
Insurance '&
Corp.
Onomea
Ontario
12-31
20c
'
12-10
—
_
(quar.)_
General
General
11-15
11-30
$1%
-
12-
12-20
(year-end)
Omnibus
$1
,
12-17
12-20
$l'/a
Gas
Forge & Machine
$l'/4
—•
12-
Ohio
B
1
"50c
12-
Class
12-15
(quar.);
Mfg.
Title
Brass
37V2c
_____—30c
12-13
35c
;;
1-15
1
:-:-h
p._
30c
(initial quar.)
Co.
Machine
4
12-27
35c
Ogden Corp.
Ohio
11-26
$1%
4
12-
11-30
20c
12-24
$iy2
12-15
1
3
r, 12-
.
1-15
12-
12-
12-20
$2
50c
Railway Co.—
)
4% preferred
Kaynee Co., V'k preferred (quar.)
Kekaha Sugar ___________________________
4
:;;
.
■_
Box
Lamson
12-10
2-
12-20
12-20
12-17
l
11-27
___________—_______
11-30
12 % c
—4_
—
1
(quar.)
6
12-15
12-10
50C
Oahu Sugar
$iy4
,l-:
■■■'
Kansas "City Southern
4
12-15
$1%
pfd. (quar.)
General American Transportation Corp.—
General Bottlers,
&
Justrite
12*; IV
12-15
—
(year-end)
American Investors,
General
preferred
Light—
12-
1
15c
_____
(year*end)
Northwest Publications, V/o
1st pfd.
6Vo 2nd preferred (quar.)
Oahu Railway & Land (year-end)
12-14
12-
(quar.)
Electric Co.
(year-end)
1-
40c
Co. (irregular)
Corp., class A
Finance
Natural
1-15
12-15
(quar.)
12-15
$1%
(accum.)_
preferred ..(quar.)
12-28
75c
11-22
—_______
pfd.
Northern
75c
preferred—.
1
S3
preferred ,(quar.)__u.___________.____u
Illinois Corp. (extra)
_/
11-22
11-22
1
Joseph & Feiss
12-31
2V2c
i.
Co., common
(quar.)--—
Year-end
6%
common
Central Power &
Year-end
12-10
12-17
$1
Manufacturing Co.,
Class
Supply/
6% preferred (quar.)
preferred (quar.)
12-15
$35c
Inc., class B preferred
(Julius)
Corp.,
1%
12-28
(accum.)—______
Co.
Co., common
preferred" (quar.)
Gannett
Shoe
Water
5y2%
4
1%:
1
1
12-
(year-end)
preferred (quar.)___
11-22
12-
(year-end)______
Bearings
American
prior
12-
12-15
preferred
Jersey
12-21
50c
(year-end)
Kentucky Natural
Railway Supply Co
Garfinckle
(John)
Jefferson
:
3
1-
50c
(quar.)
(Robert)
6%
$5
12-23
12V2C
Franklin
Irving
11-30
3
—_
Corp.
Properties
Frankenmuth
Irving Oil Co., Q'/o
Jamaica
1-
Telephone
_______
Steel
of
4
1-
<quar.)_——
(extra)—:
Bridge Works
Pressed
4
12-
$1.12%.
——
Co.
12-
$1%
(quar.)
Florence
12-10
12-10
50c
—-
(year-end)——
common
6
62 '/a C
_
—
Flintkote Co.,
12-
15c
—
(quar,)___->._—
B————
class
12-15
11-30
12-31
(Ohio)
(quar.)
Norma-Hoffmann
North
$1.10
(quar.)___
Investors
50c
(quar,)
Flambeau Paper Co., common (year-end)
6%
preferred
(quar.)
Fox
Interstate Natural Gas (year-end)_-—
Investment Corp.. of Philadelphia
12-23
$1
(quar.)
Cleaners & Dyers
25c
1-
1
11-30
$1.75
1
12 %C
_________
12-
/
12-
$3.50
-Ju—
Laundry, eVa%
Noblitt-Sparks Industries
12-13
25c
common
(s-a)__
___4—______i____
:
12-30
'■
Department Stores,
preferred (quar.1)
of Reo.
_______
preferred
common___^_*
Inc.
50c
corn.—
7%
Method
3
Silver
Interstate
;
12-
Idea
New
12-31
.
Co.,
Telephone
Year-end
4
Development Co., Ltd,—
preferred
7 %.
New
11-22
Co., 7% pfd. (quar.)
$1.75
Interstate Aircraft & Engineering Corp.- 25c
9
10c
Company (year-end)
(Fred) & Co.——'
5
1-
12-22
1
12-15
20c
,
Cement
Corp.,
Newark
50c
B
International
—
Year-end
1
1-15
$1.3iy4
Holders
25c
45C
(quar.)
"
12-
30c
common
Co.
When
Payable
______—
12-10
__
Exolon
Extra
12-22
preferred
4'/v
6
Investment
Stores
Nazareth
,f25c
(quar.)_,____^________^___
Inter City Baking
International Minerals
12-15
12-
Naval
12-10
_
2
3
Per
share
Name of Company
6
12-22
Industrial
12-20
12-
12-
35c
(s-a)
Resumed
Class B
3
1-
A (quar.)__
$1.25
Acceptance Corp., com. (interim)
50c
5'A conv. preferred (quar.)
$iy4
Industrial Credit Corp of Lynn, com. (quar.)
25c
V/p
preferred
(quar.)87yac
Inspiration Mining &
4
—
-
Drug Co., class A
(year-end)
(quar.)
preferred
Class
12-20
10c
(Seattle, Wash.)
12-20
12-30
________
preferred
Co.
1-
15c
5V4(/c
Williamsport RR. Co.—
Emerson
8b
1-
20c
Consol.
Cement
Indianapolis Railways
Indianapolis Water, class
6
$1.50
——
Year-end
of Rec.
$50c
$50c
Indianapolis Power & Light,
12-28
12-15
Manufacturing Co.____
6 b prior pfd. (quar.)_
Inc.,
Products
Quarterly
25c
COc
_______-—
(quar.)
Electric
Roldert
Payable
(interim)
(interim)
Imperial Oil,
12-15
3
1-
$1%
(extra)
Manufacturing Co,,
preferred
7 b
(accum.)
(quar.)
Stores
B
class A
Extra
Paper
$3.50
Ltd.,
When
share
Name of Company
11-26
12-15
$l'/4
Rolling Mill (resumed)
6
Monday, December 6, 1943
(accum.)
(accum.)
12-31
12-
4
8
$1%
—
12-
6
11-30
$1
12-
6
11-30
•
Volume
Hoiaer»
South
Porto
12-
12-21
12-
7
Sugar,
Rico
Engineering
Southwestern
Elec.,
Spencer Kellogg & Son—
dividend
Stock
11-30
12-10
11-30
1
12-15
1-
$ 1V2
:
(quar.)
12-28
12-11
Quarterly
National
2-
1
1-15
$1.06'A
2-
1
1-15
12-20
12-10
.
15C
v.-
(
Standard Fruit & SS., $3 partic.
75c
1
12-20
Standard
m
1-3
12-15
31V4C
2-15
I-29
5%
(quar.>
preferred
Starrett
(L.
12-31
12-17
12-18
12-11
1
12-23
Products (year-end) —
50% prior pfd. (quar.)
Stonega Coke & Coal Co. (year-end)
Strouss-Hirschberg ———;—
Submarine Signal Co.
(year-end)
Sterling
Aluminum
Sun
Industries
Glow
Sunray
Sunset
McKee
Class
B
Sweets
(quar.).
Co.
37'/2c
■'V 37VaC
12-15
12-
•
..._
25c
(year-end)
:
7%
Co.,
5c
(quar.).
Thomson Electric Welding
Tbdd
12-
1
12-15
\2-
8
75c
12-13
12-
6
12-
11-15
*'
$1%
3
12-23
12-10
$1.75
12-15
12-
Towne
Finance,
Udylite
1
12-
3c
12-28
12-10
Metal
Union
■
4
f25c
1-
3
t$l
1-
3
12-10
$3
<quar.)„
t$lJ/2
3
12-15
20c
12-21
12-11
12 V2C
12-15
12-
6
15c
12-15
12-
6
Mfg.,, common
(quar.)
1-
$1.20
(quar.)-—
preferred
$6
12-15
12-
Sugar
Union
$1%
12-
30c
12-10
12-
1
8%
.
preferred (accum.)—
Chemicals, Inc., com.
United
U.
Co., 7%' preferred
preferred (accum.)
Foil
S.
7%
Guarantee
States
United
Extra
U. S.. Potash
4
12-
4
10c
12-13
Co.
United
Stores
United
Stove
7%
(year-end)—
(s-ai
50c
:
35c
—
50c
12-27
12-
12-15
12-
1
$8
12-23
12-13
20c
12-15
12-10
$2
12-14
12-
$lJ/2
12-31
12-10
_
_
v
preferred—-—
Valve Bag, 6%preferred (quar.)——„_
Van de Kamp's Holland Dutch Bakers—
$6.50
(year-end)
—;*■
35c
—
Works
Chemical
Victor
(year-end)
12-20
>12-23
—
_
12-
$1%
v:;:
4
12-13
(irregular)
Corp.
Virginia
Coal
Iron
Goodwill
The
WJR
&
Wagner
Electric
Wailuku
...
___
Co.
(year-end)—
(quar.)
4
12-13
12-
1
12-13
12-
1
12-20
12-
1*
3
12-10
12-
12-24
12-13
25c
4 >:
25c
West
1-
3
12-15
1-
3
12-15
6
12-16
12-
6 '
Power,
West, Penn
4'/2%
West
Inc.
Extra
(quar.)—__
(quar.)—
,
Westmoreland
Wrisley
3
1- 3
12-
$l'/8
(quar.).
$1%
(year-end)...
$iy2
&
Light,
Industries,
(A.
B.)
7%
pfd.
$1%
40c
-
——
Corrugating
i
1-10
12-15
(reduced)
15c
—
1-3
Quarterly
!
Bakeries,
Extra
12-29
1
12-
Bank
A
1
6%
15%
we
give the dividends announced in previou*
weeks and not yet
The list does not include divL
paid.
Chain
-
v:;.v
6%
preferred
Cities
'■
■
Name ol Company
v
When
Per
Payable
Snare
'
(quar.),
(San Fran.)
American Trust Co.
Bank of Nova Scotia
Bank
Central
&
Trust
Nat'l Bank
(quar.)
t$2yT;
Louis (quar.)__
Louis)
(St.
uoiaeri
.
County Trust Co. of Maryland (annual).—.
(Montreal) (quar.)—
Dallas National Bank (Dallas, Tex.)
National
Bank
(Chicago)
Fifth
Third Union Trust Co.
First
Nat'l
First
National Bank (Jersey City)
First
Bank
National
(Cincinnati,
Bank
(Media,
First Nat'l Bank (Memphis,
First
National Bank
(quar.)
5%
-
.
12-15
11-30
1- 3
12-16
1-2
12-21
12-15
12-10
1-3-44
12-24
t$l
1- 3
12-15
1-
11-15
30c
f$l
40c
3
O.)
8
12-15
12-
12-30
12-24
$iy2:
1-3-44
12-31
(quar.)
$1
1-1-44
12-44
$iy2
12-30
12-20
$1
$l'/2
12-31
12-23
(quar.)..
(quar.)
Tenn.) (quar.)__
(New Rochelle.
N.
Y.,)_
$3
$1
3
12-31
1-1-44
12-26
1-
12-11
12-10
First Nat'l Bank (Palm Beach)—
Extra
...
...
First National Bank
First
First
(Portland, Ore.) (quar.)
(San Jose) (quar.)
National Bank (Tamaqua, Pa.)
National Bank
(N. J.), com. (year-end)
Quarterly
Extra
(quar.)
5%
preference (quar.)
American Export Lines ;
—.—
....
...
——.—
1
American Gas
& Electric,
common
12- 1
12-31
12-15
American
Hide & Leather,
American
Home
Products
(quar.)__
12 -1
11-29
$5
15c
15c
12y2c
50c
12-13
1-3
1-3
11-29
12-11
12-11
12- 1
7;
40c
American
Conv.
20c
25c
prior preferred
1
12-29
American
12-22
American Machine &
conv.
(s-A)~
Machinery
Foundry Co.-
American Manufacturing Co., common
5%
preferred
(quar.)
American Meter Co.
1-12
12-15
12-15
1- 3
12-14
12-20
1- 3
12-23
1-3
12-30
12-15
62y2c
50c
1- 1
1- 1
50c
12-10
12-10
12-31
$iy2
10c
12-1
11-24
12-15
11-19
11-19
12-28
11-17
11-17
12- 9
12-1
12- 1
12-14*
12-14*,
12-10
12-17
Wire
Cotton
—
6%
preferred
6%
20c
$iy2
$1V4
25c
12-31
12-15
11-30
11-30*
$1
12-20
12-
12-20
12-10
12-17
12-
12-
6
11-17
12-27
12-14
25c
Corp.,
12-27
12-14
12-21
12-15
12-21
12-15
35c
-
11-30
12-15
$iya
12-15
common.—
—:
7
$1
—-
—
Power
preferred
7
$3
$1%
'_.
(quar.).—
(quar.)
common
11-30
1-
3
12-15
$1%
1-
3
12-15
$iy2
1-3
12-10
$1
12-15
12-1
(year-end)
35c
12-24
12-
6
Corp
12M,C
12-14
12-
4
15c
12-10
12-1
t20C
12-31
12-
1
|20c
$7
$iy2
&
12-31
12-
1
12-
6
11-29
$l'/4
12-15
12-13
$1.54
pfd.
$6
preferred (quar.)
(quar.)—
—
—
(111.)—
Co.
prior preferred (accum.)_——___
Armstrong Cork Co.—
■;
(
•
4%
convertible preferred (quar.)—..—
$6
conv.
Common
Constable
Arnold
Artloom
Corp.
Asbestos
Corp.,
Ashland Oil
(extra).
•—
Ltd. (quar.)———..
Refining,
&
preferred
5%
(quar.)
7%
10c
(quar.)
com.
12-21
11-26
$1.32
12-21
11-26
37y2c
12-31
12-
4
$iy»
12-31
12-
4
37yac
12-21
12-
4
(accum.)...
preferred (accum.)
Associates Investment, common (quar.i
:_
$6
5%
•
—
pfd.
Associated Tel. & Tel.,
preferred (quar.)
Financial
As tor
Atlanta
Birmingham
Coast
&
RR.—
$2
11-29
12-24
11-29
$3
12-15
12-
1
$2%
12-15
12-
1
15c
(year end)
12-10
11-26
(year-end)
Atlantic Gulf & West Indies, com.
preferred
non-cum.
12-24
$iy2
(year end)
(Conn.)
Atlantic Coast Line RR.
5%
1
12-13
1-
$2%
Line Co.
Atlantic Coast
(s-a) —
(s-a)
preferred
5%
75c pfd.
Corp.,
common—
Co
Aviation
Corp.
Avondale
Mills,
12-10
11-30
12-15
12-
10c
12-20
11-30
7C
12-23
12-10
50c
12-15
12-
50c
12-21
12-11
(year-end)——
75c
12-20
12-
Baldwin
pfd, (accum.)
$iy4
12-24
11-23
1-
1
11-23
1-
3
12-10
I-
;
Works
5%
$iy»
—
$1%
H.) Co
Barber-Ellis of Canada, Ltd.
Extra
Oil
Co.
3
12-10
11-29
12-15
II-30
15c
Inc.
Iron
!
7%
12-4
1- 3
12-15
.
$iy8
Creek RR.
II-15
A
Belding-Corticelli Ltd.,
preferred
7%
-
Radio
Belmont
Corp.
Limestone
7%
Blue
11-30
12-
6
11-26
1-
1
12-18
1-
3
12-
3
1-
3
12-
3
12-15
12-
1
12-23
11-29
75c
12-13
12-
6
12-13
12-
6
12-27
12-21
5c
12-28
12-
$30C
12-31
12-15
3
12-29
,
371/2C
$l»/a
(resumed)
Top Brewing, class A (s-a)
Blumenthal (Sidney), 7% pfd. (quar.
&
1
12-
12-15
20c
pfd. (quar.)
Blue
Aluminum
12-23
12-15
$iy2
Laughlin, Inc., com. (year-end)._—
convertible preferred (quar.)
——
Tobacco, 6% pfd. (quar.)—
Bohn
11-30
$1%
Brothers
Ridge Corp.
3
$1%
...
&
5%
1-
1-15
75c
preferred (quar.)
preferred (quar.)...
Birmingham Water Works, 6%
Blaw-Knox Co. (year-end)
Bloch
11-30
,'-";'
——
7%
Bliss
6
11-20
Cement—
&
Steel Corp.,
Bethlehem
■)
3
25c
'l.
Corp
preferred (quar.)
6%
12-
'
t$2
—
Brewing
12-15
12-10
2
15c
(quar.)..
—
Industries—
end)
(Year
Berghoff
Bessemer
3
1-
1-
15c
Malleable
Harbor
Benton
12-15
12-15
t$1.75
::
(quar.)—— .
3
1-
m
(quar.)
common
12-15
1-3
f
$1
(quar.)
Telephone Co. of Canada
3
1-
50c
—-■
8
11-
1-
J37%C
U2y2c
$1.,
Bell
11-30
12-15
t$3%
preferred (s-a)
(quar.)
Packing Co. (quar.)—_■_■ ___
2nd
11-15
12-15
37V2c-
;——
preferred (quar.)
class A (increased) —
Beech-Nut
8
$1
Beatty Brothers,
7 Class B '.(initial)—*:-——-—w
Beech
11-15
12-
———————
Bayuk Cigars, Inc
Mfg. Co., 6%
Beacon
8
10c
;—
12-
20c
;
J—
Refractories,
WQrks
6
tl2'/2C
(quar.)—— ;
(quar.)
-
1
12-10
$iy2
*
(W.
Barnsdall
1
50c
preferred (quar.)
Bath
,
pfd. (quar.)
7%
Bangor Hydro-Electric,
Basic
■
_
Locomotive
Barber
V,
—
—_L————
Bangor & Aroostook RR.,
5% preferred (accum.)
6%
:
Mills
Paper
Badger
11-22
2-
$1
—...->_>
common.—.
Babcock & Wilcox Co.
11-22
12-15
40c
(year-end)
(year-end)
(Del.), (year end)
Alarm
Fire
I-15
12-15
62y2cr
——
Atlas Powder Co.
Automatic
1
25c
20C
Atlantic Refining
■
.,$1%
$1%
(year-end)——
(initial)
Brass
1-
12-20
12-
6
Chica
Bond
Stores,
Corp,
Inc.
3
(quar.)
Boston Herald Traveler Corp.
(irregular)
Inc.
12-
3
1
12-14
$iy2
12-15
11-29
12-31
11-30
3
12-10
12-10
11-26
$1
12-31
12-
$1
12-10
12-15
30c
——_
——
12-20
12-
4
;
12-20
12-
4
30C
Corp.,
preferred
7%
Class
A
(accum.)—
Class
A
(s-a)__
(accum.)
—
—
—
Brass Co., common—
preferred (quar,)
Stratton Corp.——
Bright (T. G.) & Co., Ltd., 6% pfd. (quar.).
Broadway Market Corp. (irregular)..
—
Brompton Pulp & Paper (quar.)
——
Brooke (E. & G.) Iron Co. (irreg.)—
Bruce (E. L.) Co., common (quar.)—
7% preferred (quar.)———-——
3 V2 % preferred (quar.)
Silk Mills (interim).——
Brunswick-Balke-Collender Co., common.—
Bruck
preferred (quar.)—
Buckeye Pipe Line Co. —;
—
Bucyrus-Erie, common (year-end).__•
—
7% preferred (quar.)
——
$5,
Bullard
Company
—
(quar.);
7% pfd.
Ring
Piston
12-15
12-15
12- 1
11-24
12-15*
12-15*
Butler
5%
25c
12-31
12-16
$1%
(P.
H.)
Co.,
common
preferred (quar.)
non-cum. preferred B (quar.)
Water, 7%
-<■—-—
12-31
12-16
75c
12-15
12-
t$iy2
12-15
11-30
20c
12-10
12-10
1-15
12-27
$25c
2
20c
12-
7
11-27
11-26
25C
12-10
$1%
12-10
11-26
87y2C
12-10
11-26
10c
12-15
11-15
25C
12-15
12-
1
3
12-20
20c
12-15
11-19
22yac
12-15
11-29
3
12-15
$1.25
$1%
1-
1-
25c
12-10
11-30*
12-28
12-
3
12-28
12-
3
10c
12-20
12-10
1
12-15
preferred (initial)—.
25c
1-
12-10
12-
1
3iy4c
1-
3
12-20
1-
3
12-20
$1%
12-15
12-
1
25c
12-20
12-
6
10c
preferred (quar.)
Copper & Zinc (year-end)
California Electric Power, com.
(initial)
75c
3D/4C
—
Butte
conv.
1
50c
(accum.).__
(initial)
conv.
5%%
11-24
-
Terminal BIdgs.,
Butler
12-
12-10
—
.
*
———
Bush
5%
3-24
3-31
12-10
50c
Co.—.:
Extra
12-24
12-24
1-
—
&
Wheel
1
12-31
50C
%
Budd
$2%
1
40C
Bridgeport
5 V2
$3y2
1-
$iy2
—
Corps./(year-end)_—
Brewing Corp. of Amer (quar.)
Breeze
Briggs
1-
10c
(special)
(quar.)
:
$1 %
—
(year-end)
(E. J.) & Sons
Brach
3
12-15
$2.25
■,
....
Elevated Ry.
Bourjois,
11-30
12-
40c
Borne-Scrymser Co. (year-end)
& Albany RR._
Wharf
«)..
—
Boston
Boston
12-15
12-15
—
(quar.).—_—_———
Borg-Warner Corp.
Boston
5c
50c
20c
Oil
Bolsa
Burd
11-26
12-20
1
12-10
25c
(s-a)
Arkansas-Missouri
3
1-
$2
$1
Mills,
12-15
25c
preferred
prior
1
3*
1-
12 y2c
Anheuser-Bush, Inc.
7%
6
12-
12-
3
1-15
,
87y2c
Apex Electrical Mfg., common...—
Arcade
1-
$2 V4
Cable.
&
12-
3
12-13
75c
Mining
Copper
12- 1
Illinois—-
preferred (quar.).
(quar.).
preference
Laundry
1- 3
12-13
12- 6
1- 3
12-10
12-10
75c
Co.,
12-22
12-10
12-20
12-13
75c
—
12-11
50c
30c
(monthly).
6% preferred (irreg.)
Insulator Corp. of Del., com. (quar.)
American Ice
$2
12-10
1- 1
6y2% pfd. (quar.)
—:
Extra
American
Brandon
preferred (quar.)
$1.18%
American-Hawaiian Steamship —.—75c
5%
12-17
12-15
12-15
4%%
American Investment Co. or
12-17
12-15
12- 9
12-22
11-30
12- 1
12- 1
12- 1
12-1
20c
12-24
5c
12-15
—25c
Extra
12-24
70c
12- 1
$1.75
preferred (accum.)____
Fruit Growers.
$7
American
1-2-44
1-
12-15
American-Felt, common (year-end$1%
67o
preferred (quar.)___
——______
$1V2
American & Foreign Pwr. Co., $6 pfd. (accum.)
$1.50
1-2-44
40c
12-15
12-15
12- 9
$l'/2
:——
50c
$2y2
12-30
$1
(quar.)...
1.—__—& Light, $3 class A
$1
Monthly
12- 1
12-15
$1V4
;
preferred (annual)—...
Cyanamid Co., class A (quar.)____
Class B
12-21
(quar.)..
(quar.)..
(Cinn.)
Pa.)
.
12-15
12-30
Power
(Year-end)
American Colortype
of Reo.
50c
(quar.)
(quar.)___'_
Crown Trust
30c
$2Va
•
,
(irreg.)
(Richmond, Va.)
Chartered Trust & Executor
Drovers
40c
:
(quar.)
Boatmen's Nat'l Bank of St.
Cass
$1
—:
12-20
11-18
50c
common..
-
...
American
(Chicago)
1- 1
12-10
12-30
1- 1
1- 1
1- 1
12-15
12-15
dividend series of 1936) l/32nd share
of class B stock or 34%c in cash—
American Coal Co.
of Alleghany County—
Amalgamated Trust & Savings Bank
12-27
12-15
11-30
11-29
(opt.
Bank and Trust Companies
,
■■■■
.-.J
:'v
12-31
1- 2
12- 7
50c
(irreg.)_____
common
Cigarette & Cigar,
American
•
12-15
$1
common
Cable,
-U
11-30
12-31
25c
-
_——
12-10
12-15
$2Va
20c
75c
$3%
20c
-
—
Extra
12-10
$1V4
;
preferred (quar.)
American
11-30
1- 1
25c
50c
——
(quar.)
(quar.)
&
12-10
+30c
$2
$1
37V2C
pfd. (s-a)
Central Mfg. (year-end)
Extra
week, these being given in the
announced this
preceding table.
j .1
(accum.)
.>
American Chicle (quar.)—
Below
12-11
12-11
11-29*
12- 1
11-10
11-10
50c
;
Bemberg Corp., 7%
American
11-15
12-11
40c
15c
(quar.)__
:
Note,
preferred
American
American
dends
12-21
12- 6
12- 6
(year end)
American
11-24
12-10
12-22
25c
t$2
'f4$2
'
$1%
class A
—-
Class B
3
common
—
6
1-
12-27
1- 2
.
Holding Corp. (s-a)—
American Automobile Insurance (St. Louis)—
American
12-25
12-
12- 6
12- 1
12-27
11
11-30
12-
12- 1
12- 1
11-22
$1
convertible preferred
6%
11-30
12-15
i;l- 1
>32-22
i t$2V2
95c
75c
$1V2
Amerex
.
6%
Co.,
pfd.
15c
Inc
1
12-15
2-
12- 4
12-10
' 12-10
12-18
12 -5
(quar.)
(interim)
Amalgamated Leather, 6% con v. pfd. (accum.)
4
$ 1 Va
Common
York
12-
$20c
preferred' (qdar.)—__
7%
12-15
.
preferred (quar.)
Amalgamated Electric Corp.
3
Power
Wisconsin
Woodall
12-
$1
pfd. (quar.i
12-24
1- 3
1- 3
12-29
42-15
7%
12-15
12-15
Michigan Power, 4>/2 % pfd. (quar.)
12- 4
(initial)
common
preferred
Aluminum Manufacturers,
25c
—.
„
12-24
of America—
Corp.
12-20
—
12- 5
11-26
$3
-—
12-10
12-15
12-15
12-10
12-10
50c
1-15
_
Westvaco Chlorine Products. $4y2
Wisconsin
6%
1- 3
$4V2
$1V2
$1%
$1V2
'
....
12-15
1-3
$1
43%c
Aluminum Goods
3
11-30
$4Va
(quar.)—i
12-24
1-
1- 3
15c
50c
Mfg. (year-end)
Aluminum Industries Inc. (quar.)
25c
——
(quar.)
Special
New
12-13
12-24
12-31
12-10
(year-end)
Mfg.
Aluminium, Ltd., common
12-14
-
Coal
(George)
12-31
12-30
$iy2
12-17
20c
10c
i
—
$l1/a
;
1- 3
1-15
12-20
(quar.)
30c
(quar.)-;
Utilities, $6 pfd.
Westmoreland,
Weston
(quar.)——;.
common-:
preferred
Texas
1%
$1%
„
Electric, class A
12-10
25c
Alpha Portland Cement
12-
Aluminum
preferred (quar.i—1
Penn
12-23
75c
(quar.)..
A
Allis-Chalmers
12-16
Kootenay Power & Light—
7%
West
11-16
11-20
12-1
Inc
Special
Class
25c
—
12-15
t$l%
7% pfd. (quar.)
common
American
12-11
3
1-
$1%
$ 1V4
$2.50 prior preference (quar.)_____
11-16
12-11
12-11
12-10
3c
5c
4
Industries, Inc
Corp.,
—
Atlantic Rayon Corp.,
20c
37l/2C
preferred
:
....
Alabama Power, 6% preferred (quar.).—.
$7 preferred (quar.)—
—!
:
Alberts Super Markets, 6% pfd. (quar.)
Alexander & Baldwin, Ltd. (year-end).—
Laboratories
12-22
50c
12y2c
35c
——_
pfd. (s-a)—
Allegheny Ludlum Steel, common (year end)
50c
West Indies Sugar
Mfg
—
Products
1-3-44
12-15
12-20
-
Allied
12-15
1- 3
1- 3
—
Allied
1-3-44
$1
75c
Algoma Steel Corp., Ltd., 5%
4
12-10
12-22
11-18
partic.
Allen
40c
— ———
Snowdrift.—__
&
12-
$1.70
•V
pfd.
12-15
50c
;____
—
Motor
Oil
Wesson
(quar.)
12-10
50c
—
(quar.)
Corp.
Baking Co., $7
Waukesha
(year-end)
Co.
12-15
$1
jau;
Station
Sugar
Ward
10c
75c
Vinco
12- 6
12- 6
12-15
12-15
11-18
Air-Way Electric Appliance (year-end) —
Alabama Great Southern RR., ordinary..—
6%
12-31
12-21
....
Airplane & Marine Instrument
4
12-31
3-31
6-30
9-30
12-20
12-20
(quar.)
Extra>
12-4 V,
12-20
35C
preferred (quar.)
.
.,
$1%
——.
(quar.)—
A
12-21
1- 3
12- 3
12-11
12-15
66%%
Agricultural Insurance (Watertown, N. Y.) —
Quarterly _—;
—
3
25c
_____
(Del.)
Corp., $6 1st pfd. (accum.)—
Co. (resumed)—
Andes
75c
Agnew-Surpass Shoe Stores,
2
Anaconda
12-24
12-31
35c
——
Extra
12-7
12-
3
class
$l'/2
Affiliated Fund
7
12-24
1-3-44
12-31
1- 1
,
/'
Supply Mfg., class B (year-end)..—
Aero
8
12-
12-21
1-
3
American
1-
25c
Refining, 7% pfd. (quar.) —
Tobacco (year-end) _____
Surety (N. Y.) (s-a,—
Telephone & Telegraph (quar.)—_
Thermos Bottle, pfd. (quar.)—
Thread, 5% preferred (s-a).._—
Woolen, 7% preferred (accum.)—
Copper Mining (year-end)—_
1-3-44
V/2%
...—
Sumatra
Armour
Castings..
Bearing
Ball
Aetna
3
11-30
12-28
(quar.)
Aluminum
Advance
12-25
1-10
12-21
Upressit Metal, 8%
Common
12-
$1.75
40c
pref.
prior
12-
12-10
$1.75
•
(quar.)
—__
Lines.
6*Truck Lines
U.
12-
12-14
12-
12-15
^—
(quar.)_
12-24
Extra
12-14
(accum.)
Co.
—.———
States
United
II-22
3
70c
80 VsC
National Corp., non-cum. partic. pref.
United
12-
$4
—
(initial)
(participating)
preferred
$3
12-27
50c
Foundries
Steel
American Stores Co.
Miscellaneous Companies
and
Industrial
Steel Co.
Acme
3
$1%
7%
12-10
$2
—
6
——„
12- 1
Anaconda
50c
National Bank (Chicago)
Whitney Nat'l Bank (New Orleans)
Terminal Cold Storage—
.
.
Uptown
6
12-15
;_
Union
Stock
12-
1- 3
(quar.)—
(Chicago) (quar.)
Avenue Nat'l Bank
dividend
1—
Upper
;
12-27
(year-end)
1st preferred (quar.).
12-30
:
S. Nat'l Bank (Portland, Ore.)
U.
6
50c
3
%'s
Common
(s-a)
Arkansas Power & Light,
Quarterly
2
11-30
12-31
12-14
12-20
l/15th share for each share held—
Union Natl. Bank (Youngstown, O.)—
12-10
12-
(N. Y.)
6
12-
12-15
„50c
(stock dividend)
——
•12-
12-23
1-1-44
Bank (Chicago)
Nat'l
Extra
12-15
(accum.)—.
A
(s-a)
—
Trade Bank & Trust
12-23
$3
American
$2.50
1-3-44
$2.50 4-1-44
$2.50 7-1-44
$2.50 10-2-44
$2.50 12-21-44
40c
12-31
20c
12-31
—~
—
Terminal
2
$iy2
$3
25c
-
-
class A——...
preferred (annual).
American Smelting & Refining—
American Service,
12-15
12-28
11-23
12-10
12-10
12-
.(quar.)———_
Co.
Mfg.
Extra
12-20
(year-end)
Corp.
Unexcelled
1
$1
(quar.)
7%. preferred
6% preferred
Securities,
Traders
Corp.
-
(Lewes, Del.)
11-15
—
$2
12-31
$11-3
37y2c
1- 3
Quarterly
Sussex Trust
50c
—
Inc. (year-end)_
...
Tonopah Mining of Nevada (year-end)—_
Tooke Brothers, Ltd. (initial)—;
Trusts
1-
$1'A
(year-end)
Axle
General
Quarterly
12-18
$1
25c
Shipyards,
Toronto
4
12-18
1-3
10c
r
1
Texas
12-15
Year-end
Bank
Commercial
(Houston) (quar.) —„—
.vQuarterly;:'—-T—
Quarterly
-4-----—
South
—„
—
Detroit
12-11
11-15
20c
(quar.).*
40c
(quar.)
National
National Bank
Seattle-First
12-15
American
1-3
Bank (Tacoma) (quar.)_.
Puget Sound Nat'l
;
75c
(year-end)——
common
preferred
Timken
12-16
,__
Inc., common-——preferred (quar.)..
::
12-6
12-31
(year-end i
&
Shovel
12-16
62J/2c
(quar.)—-—
Textiles,
4%
4
20c
Mill
Rolling
12-26
12-25
$1V2
(Seattle, Wash.) (quar.)
Park Street Trust (Hartford) —:
Public Nat'l Bank & Trust (N. Y.)
(quar.).
Bank
Nat'l
Pacific
American
American Sugar
50c
12-11 r
l'
1-
12-4
Transportation Corp. (initial) —
Tex-O-Kan Flour Mills, 7% preferred (quar.)
Thew
12-31,
1-15
.
12-15
—
.___
Tamarack & Custer Cons. Mining
Tappan Stove
,
I2V2C
Taggart Corp., $2.50 preferred
Terminal
4
7 V
(resumed)
America
of
1212-
68 %c
(quar.)_
(quar.)_
class A
Co.,
12-11
12-10
11-20
12-
12-1
25c
$1
$8
50c.
(Chambersburg, Pa.) (quar.)
Bank of Chicago (quar.)
Nat'l Metropolitan Bk. (Wash., D. C.) (extra)
National Safety Bank & Trust..
Extra
—I
National Security Bank (Chicago) (quar.)__
Bank
11-20
12-10
12-15
12-24
25c
National Boulevard
o5c
(quar.).
^V"''
3
12-
12-28
12-16
$5
$1
—
12-13
10c
1-3
12-31
1- 3
50c
$40c
$1.13
National
4
12-
12-15
$1
(quar.)
1
12-
12-10
$1%
preferred..
of Reo.
1
12 -15
$1.75
preferred (accum.)—
American
12-31
12-21
40c
(s-a)„_.
of Pottsville, Pa.
Extra
50c
Corp., • 5y2 % ' pfd.
Oil
1-
25c
SlMi
,.
1-
25c
$1%
7%
,
Nat'l Bank
7%
Service,
tioiaero
12-15
American Radiator & Standard Sanitary, com.
12-10
12-15
12- 1
12-1
12-15
11-24
1- 3-44 12-18
Trust Co. (N. Y.) (s-a)
Trust Co. (Wash, D. C.) (quar.)
Munsey
12-14
40c
—
Payable
50c
pfd.__
$1
Corp.,
(quar.)___
Goods Co., 7% pfd. (quar.)
Public
American
12-21
Fihance
Optical Co.
American Paper
American
(Milw.)—
Bank
Mid-City Bank & Trust (Pa.)
!
Midland Loan & Savings (Ontario)
12-17
12-31
Stokely Bros. & Co.,
75c
Montgomery County
$1
—
(irreg.)..
————:—■——40c
-
Miners Nat'l Bank
75c
(irreg.)
Corp.
Lithograpn
'.
37V2C
(irregular)
Co.
S.)
Stecher-Traung
_
_____
25c
$2.25
(Chicago) (quar.)—_
Mercantile Nat'l Bank (Dallas) (quarterly)__
11-30
1-
Quarterly
Mercantile
12-15
75c
pfd. (accum.) \'
6Va% pfd. (accum.)——.
Stanley Works (The);' common (irregular)—
Fuel,
12-20
12-20
1- 3
12-15
12-15
$lJ/4
American
12-21
(Chicago) —
Bank
Exchange
Marine
$l'/4
12-20
(St. Louis)
& Trust
Industrial National
3
12-
12-15
50c
s
t$l
12-15
National
American
wnen
snare
Name oj company
of Reo.
12-31
12-15
725c
(Pittsburgh, Pa.)
Industrial Bank
12-31
3
1-
$1 Va
-
Squipp (E. R.i- & Sons, common
$5 preferred series A (quar.)™-:—
$4.25 preferred series B ^initial quar.)„
Standard Coated Products, $1 pfd. (accum.)
.
12-14
12-20
20%
50C
comiaon__.^i--——..-J-i-t:
preferred (quar.)
_L-
25c
37yaC
$1 Va
—
Homewood Bank
1
Per
Holdert
12-31
Nat'l Bank (N. J.) (s-a)...
Nat'l Bank & Trust (quar.)—...
Harrison
Hartford
five
$2
Savings (Ontario) (s-a)
Extra
12-15
3
-1
• ■
v.
each
for
1-
When
Payable
Nat'l
Gfey & Bruce Trust &
11-30
■i 12-15
$lJ/4
.■«
D Co.,
5%
12-15
$15
;
■
held)
shares
Square
12-15
3
$1
6c
pfd.
5%
share
(one
3
1-
$2
Co......
&
Gas
Southwestern
1-
_
pfd. (accum.)
Southwest Manufacturing District Corp
Southwestern Associated Tel., $6 pfd. (quar.)
Southern
Name of Company
Bank & Trust Co. (Montclair,
N. J.)
(quarterly) —
First Natl. Bk. & Trust Co. (Oklahoma City)—•
Quarterly
——
First National Trust (Tulsa, Okla.)_—....
Fourth Nat'l Bank (Wichita, Kan.) (quar.).
First
12-15
50c
(interim)
common
preferred- (quar.)
Colorado Power,7%
8%
!
7
(quar.)—————-
Oil
Penn
12-21
$1.90
South
40C
Per
share
r,„
of Reo
Payable
Shore
Company
hume of
,
When
rCT
u.
'
2291
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4235
158
12-15
11-30*
1
12-15*
—
—
$1.32
1-
2292
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, December 6, 1943
'
Holders
Per
(quar.)
Camden & Burlington Co. Ry.
When
share
Name of Company
California Ink Co.
Payable
1-
75c
(s-a).:__-.4
Campbell Wyant & Cannon Fdy. (year end)
Canada Cement Co., 6V2% pfd. (accum,
Crushed
Dry
50c
12-11
12-
J$1.25
12-20
11-25
Consolidated Edison
Stone
12-
Consolidated
1
Malting,
12-10
12-16
>12-
1
12-16
12-
1
Ltd.
(quar.)_.
11-15
Northern
Power
(quar.)
Corp., com.
preferred (quar.)
Packers, Ltd. (quar.).——w_—«
Canada Permanent Mortgage (quar.)—_!—
Canada Steamship Lines, 5tf- preference
1-
J$ll/4
3
3
12-
12-15
12-15
11-30
12-15
11-30
3
12-10
1-
1
11-15
1-
3
12-15
$25c
1-
3
12-15
preference (quar.).
____•'
conv. preferred
(quar.)
1st
15c
Participating
Canadian Car & Foundry, partic. pfd. (quar.)
3
12-15
12-15
1-
12-21
1-10
153c
_
quar.)
$$iy2
1-
3
12-
1-
3
12-
3
150c
Products
Canadian Food
(quar.)____;
(interim)
B
Canfield
t$2
Gold
Transit
Co.
Tel.
Carolina
&
Ohio
Ry.
12-10
12-
12-18
lv
end)
Central
Maine
:
1-
II-» 1 4.
(quar.)
12-
1
12-
6
11-22
12-
6
11-22
1-
3
12-20
Gold
Mines
62yac
1-
1
12-10
South West
12-10
$iy2
1-
$iy2
1-
1
12-10
1-
1
1-
1
11-30
3
$1%
12-10
> 11-20
$l3/4
12-10
11-20
$iy2
—
12-10
11-20
11-20
$iy2
Wire,
common
—
6% preferred (quar.)
V
.——
Metal
Weatherstrip———
Champion Paper & Fibre, common (quar.)—.
6% preferred (quar. )
—__________
Chapman's Ice Cream (year-end)
Chapman Valve Mfg., com. (quar.)-
12-13
12-
75c
.
12-10
15c
$6 prior preferred.
12-20
12-10
15c
12-11
25c
12-
12-10
$iy2
1-
,
1
2
1
12-15
12-15
12-17
12-
7
25c
Chesbrough Mfg.
12-
IV,:! $1
(quar.)
12-17
12-13
11-26
7
75c
Burlington
& Quincy
(year-end)
Chicago & Eastern Illinois RR. (initial)
Chicago Mail Order, common (irregular) —
Chicago Mill & Lumber
^-7-7'
11-26
$3
RR~
12-13
12-23
Oil
Cotton
12-10
12-10
25c
7
12-
12-15
1
12'
1
25C 4-14-44
3-14-44
25c 7-14-44
_____________________—____—
6-14-44
25C 10-14-44 9-14-44
Copper
(year-end)
Co.
(extra)
Securities Co., common
7%. preferred (quar.)
;
Chrysler Corp.
Cincinnati
(irreg.)
12-7
12-10
11-30
$24.70
__
12-15
11-22
3
12-20
$1%
—^7—-_^-7---77.r
New
Orl,
Common
12-17
.
20c
Christiana
7
$1
—____
&
Texas
Pacific
75c
12-14
5%
$4-
12-18
$iy4
1
3-
$iy4
y
—
•12-
6-
1
$iy4
9-
1
7
5-15
8-15
&
25c
12-27
12-
25c
12-
7
$1%
12-
7
11-30
12-20
40c
12-15
12-
(year-end)
A
—
common
(quar.)
Hotel
Inc.
Coty,
Louis)
(St.
v.t.c.
(initial)
((year-endi
Co.,
57o
'
(accum.)7a
Creameries
Creole
of
America,
Petroleum
common...
Corp
—
7
Croft Brewing Co. (initial)
Crosley Corp. (year-end)
Crown Capital Corp., class A
Crown
Central
Petroleum
Crown Cork & Seal Co.,
preferred
Crown
Drug
5%
Crum
&
Corp.
11-26
11-19*
(year-end)_—7
—
Manganese
(quar.)
(year-end/
-
Cuneo
Press, 4V2l?o preferred (quar.)
Cunningham Drug Stores—
6% class A prior preference (quar.) (s-a)
Curtis Publishing Co., $4 prior pfd. (quar.)_
$4 prior pfd. (accum.) (payment clears all
;
Corp.
Cutler-Hammer
(quar.)
David & Frere,
Ltd., class A (quar.)
Dayton Malleable Iron
De
,
(irregular)
——
Jay Stores
Decca
Inc.
(quar.)
Deisel-Wemmer-Gilbert
Delaware
&
Delaware
Fund,
Bound
Corp. —
Brook
Inc.
4%
preferred
quar.)
Delaware Rayon, class A (year-end)_
RR. (s-a)
^
i
Dentist's Supply,
1% preferred (quar.)-—__
Derby Gas & Electric, $4 conv. pfd. (accum.)
Detroit &
Detroit
Canada
Tunnel
(year-end)
Diamond
Alkali
Common
Diamond
(quar.)
Shoe
Steel
A
pref.
conv.
common....
__
Climax
Molybdenum
Co.
(quar.)
12-11
11-30
Dun
12-11
11-30
$6
12-24
12-
12-14
12-
3
6%
12-14
12-
3
duPont
Clinton
Water
Works
Clorox Chemical
Co.
7(fo
Co.,
pfd. (quar.)_
(quar.)
Counties Gas & Electric
5% 1st preferred (quar.)
Coca-Cola Co. (quar.)——j.
.
3
1-15
1-3
12-20
12-10
Co.—
3114c
Eagle
6%
(s-a)
$1.50
12-15
12-
1
Eastern
Bottling
$1
12-10
12-
1
Eastern Gas & Fuel
$13.20
12-15
12-
1
4V2%
Eastern
(s-a)______.
_4-,7—7
$3
12-15
12-
1
$1.06 Vi
12-31
12-
7
Columbian
Carbon
Co.
Commercial
Bookbinding
Credit
Co.,
Commercial
Investment
Commercial
Solvents
Commonwealth
(year-end)
____
._
(quar.)
_
______
Corp
.
___________
._
$2.50 convertible preferred (quar.)—
Confederation Amusements—
preferred
Coniaurum
Mines
- -
Ltd.
a.t
Consolidated Biscuit
-
1
(quar.)
Malleable
Eastern
$2.
12-10
11-30
12-
7
Eastern
12-28
12-
7
Eastman Kodak Co.,
$1.37 y2
$5
12-10*
12-20
12-3
3
preferred
6%
12-11
1-
$1.75
40c
vtc.
Theatres,
preferred
Common
3
12-11
5f;c
11-24
-51c
conv.
conv.
15c
12-15
11-29
El
12-15
11-29
Electric
II
12-31
25c
12-15
$4c
(year-end)
12-22
75C
10c
1-
1
12-23
12-24
12-
1
11-19
1212-
4
1
12-10
11-24
11-23
11-23
12-14
11-22
1-25
1-10
12-
1-
6
11-26
2 •
12-15
common
Stores,
(quar.)_—
Co.,
common
&
Mfg
Watch
I_I~_
Emerson Radio &
Mfg.
class
;
Co.
convertible
Phonograph (year-end)
11-24
12-10
12-10
11-24
12-15
12-
1
12-10
12-
1
tl5c
12-31
12-
1
fSl'/t
1-
1
12-
1
1-
1
12-
1
12y2c
12-15
11-30
12-15
11-30
6834c
12-15
11-30
A—
75c
$2
—1
.'
preferred
A
Railway Signal,
preferred
Equipment
pfd. (quar.)
common
(N.
Corp.
Rubber, 6%
$3
Y.)
3
12-
3
1-
3
1
12-
f50c
12-31
11-
6
1-
3
1-
t25c
11-
12-
4
3
12-
4
3
12-20
3
12-20
12-14
11-30
12-15
12-15
Sl'/a
$iy2
..
—-—
12-15
12-15
12-31
45c
$iy4
12-15
V
—
11-24
12-15
12-10
1-10
11-10
12-21
12-
12-12
11-30
12-10
11-30
12-31
12-15
Mines, Ltd. (interim)
Cycle
Corp.—
—_
—————
■
$2
preferred——;
$1
6% 1st pfd. (quar.)__
t75c
6%
2nd preferred (quar.t75c
Great Western Sugar, common (quar.)——
50c
7% preferred (quar.)
—._—
$1%
Greene Cananea Copper————
50c
Greenwich Gas, common (year-end)——
24c
Northern
Ry.,
.
participating preferred^
Participating
Greenwich
System,
31V4c
——.—
Brewery,
com.
—
1
12-15
12-
1
12-15
11-19
12-15
11-19
12-10
12-
12-31
12-
1
12-
1
12-
8
1
11-26
12-13
11-22
12-31
12-
2
12-
2
12-31
1-
3
12-15
1-
3
12-15
12-
6
11-30
12-31
12-20
12-31
12-20
12-20
•
12-21
12-10
12-21
12-10
12-21
12-10
12-28
12-14
3-
1
2-14
12-27
12-
6
12-27
12-
6
12-10
11-19
50c
12-10
11-19
$6 preferred (quan)
$1.50
Utilities, $5y2 pfd. (quar.)—$1%
preferred (quar.)__—
$iy2
12-15
11-30
12-15
11-30
43%c
25c
12-31
12-17
12-
6
25c
12-20
12-
6
t$iy4
12-31
11-15
___—__—
—
_——
—
Co..
—
Hackensack Water—
1r/c
12-
12-11
——
(irreg.)
(quar.)————
Snecial
$6
11-15
12-15
12-31
;—
preferred (quar.)—
51/2%- preferred
11-15
12-15
12-31
———
Western
4
$2.25
25c
25c
13%c
$iy4
34%c
$50
10c
25c
preferred (accum.)
Greyhound Corp., common (quar.)_——
Griesedieck
'12-15
12-31
Inc.—
6%
5y2%
3
4 88/lOOc
—
Water
1-
12-31
(initiaH_—10c
J75c
partic. pref. B (accum.)
$2 pfd. A (accum.)
:
—
Great Northern Iron Ore Properties—
Ctfs. of beneficial interest (year-end)—
States
8
1-25
12-11
Brewing Co. (quar.)___
■
Stock Telegraph Co. ((quar.)——
Power
11-
3
12-10
2c
Golden
25c
Goodrich (B. F.) Co., common (year-end)—
$1
$5 preferred (quar.)
$l'/4
Goodyear Tire & Rubber Co., common
50c
$5 conv. preferred (quar.)
$1.25
Gordon Oil, class B (quar.)
20c
Gorham Mfg. Co. (quar.)—_7-_—______50c
Great American Indemnity (N. Y.) (s-a)—16c
'Extra-—__v
8c
(quar.)
—
&
Gulf
12-15
1-
11-26
15c
$150
5c
$1.50
Goebel
Gulf
3
11-29
12-11
4
11-27
1
12-11
12-22
.
2-
12-10
1
12-
12-13
12-11
25c
1
12-24
$1.25
8
1
1
1-
12-10
1
12-
11-
1-
12-28
12-
3
11-22
11-22
50c
preferred A___
(year end)-
preferred
Group No. 1 Oil Corp.
12-
1
30c
convertible
Group No, 2 Oil Corp.
Gulf Oil (quar.)——
3
12-
56'/4c
W/o
11-30
1-
1-10
2-
11-27
$l'/4
Brothers, common
$6 preferred
(quar.)___
Glidden Co., common 1
11-30
12-20
8
11-12
12-13
—
12-14
12-21
1
2-
2-15
12-
11-26
12-10*
12-13
(quar.)_
Co
12-14
3
1
50c
Gimbel
3
12-15
1-
12-13
$iy2
—
Safety Razor, common
preferred (quar.)
(L. H.)
12-15
$iy2
(year end)
——
Gillette
Gilmer
11-29
25c
Georgia Power, $5 preferred (quar.)
$6 preferred
(quar.)
&
12-18
50c
Corp
(quar.)
Reinsurance
12-10
11-29
$iy4
General
$5
12-20
12-20
50c
(accum.)——
Precision
Tire
12-31
4
12-18
$iy4
(quar.)
class
General
General
12-10
$1
Corp. common
General Outdoor Advertising, 6%
6cIc
12-20
15c
—
Motors
partic.
12-24
30c
—
Fire Extinguisher (year-end)
Mills, 5% preferred (quar.)
$5
12-24
12-
12-11
25c
common
General
$4
3
1-
12-14
25c
—
Great West Saddlery,
12-
10c
1
5c
(quar.)—_
com.
General
Hall
___
12-
25c
Great
12-15
.
12-15
1
t$1.3S
Corp.
12-15
25c
30c
I
preferred (quar.)_„
Bronze
11-23
12-10
$iy8
12-
Cigar
12-15
(Texas)—
(quar.)
1
12-15
$2
——
Brewing Corp.,
1
50c
Co.
12-
(quar.)—
_:
1
12-23
$1%
12-15
25c
quar.)______:
Co.,
1-
15c
(year-end)
(irregular)
Electric
preferred
60c
Utilities
1
12-
12V2c
62yac
(quar.)
1
12-
12-15
(irregular)—
common
50c
Gas
Controller
preferred
Co.,
62yac
Auto-Lite
Co.
Paso
$4.50
Power
1-
20c
12-
12-15
12V2c
(irreg.)
preferred (quar.)
12-10
U7yac
(quar.)
12-1
12y2c
(irreg.)
10c
Extra
(quar.)
12-15
12-15
Inc.
12-18
$iy2
common
25c
preferred—
non-cum.
1
12-
12-15
2'/2c
com.
Brewing
1-
$iy4
(quar.)_„
Household
Elliott
$3
Schmidt
Great 'American Industries
50c
$l3/4
(quar.)
Great Lakes Paper, $2
12-15
1
1-
1
2
50c
&
12-15
$iy4
___________
_______
preferred
Co.
11-20
10c
____
12-
Baking Co., $8 pfd. (quar.)
$iy4
(accum.)..
(interim)
Storage Battery
El
Brewing
2
75c
common—
12-. 2
12-21
25c
Brewing (Michigan)
50c
(s-a)—
•
preferred, series 1941
National
Luxe
1-
12-10
12-21
37 y2c
—
—
preferred (quar.)—
11-20
$iy2
(resumed)
Electric
Elgin
prior preferred (quar.)_7
Brewing (Ind.),
(irregular)
Railways,
12-10
30c
(quar.)
Paso Natural
(Peter)
Gold
12-15
f25c
Brewing Co. (Chicago)—___—
Luxe
Goldale
12-15
4
r
De
12-13
12-20
1212-
1-15
25c
Luxe
De
12-23
1
5
12-15
12-10
25c
1
11-27
1-
1-
25c
50c
1-
De
12-15
3
12-15
3-15
3
12-
11-30
9-15
1-
3
11-30
12-15
12-31
25c
6-15
1-
Street Ry,—
Electric
w y2
2
12-20
12-15
35c
2
1-15
$l'/2
(quar.)
Brothers
1-
11-30
1-
:
75c
Ltd.
preference
12-15
12-15
11-14
$iy8
(initial)
Edison
3
62y2c
$$3
12-10* *
12-10
Easy Washing Machine, Ltd.—
1-
12-11
(quar.)
(year-end)
Lines Inc.,
preferred (quar.)
12-28
1
12-24
10c
t$1.88
6
62!/2c
:
;
$1.50
Steamship
50c
1-
1
Eastern Sugar Associates—
75c
75c
A
(accum.)_
Rolling Mill
conv.
12-
Associates—
Iron
$1.06 y4
—
(reduced)
r>nwer. Pfrn<
Co.
1
12-
pfd.
(accum.)—
1st preferred
Electric
(s-a)__,
Confederation Life Association (Ontario)
Quarterly
s__;
Congoleum-Nairn, Inc. "(quar.)—.
ConnefUi"''* T '
12-
11-19
12-10
50c
preferred
1%
Community Public Service (quar.)
__•
Compo Shoe Machinery Corp., common vtc._
partic.
12-15
12-10
$1.50
—
(quar.)
6%
Eastern
12-15
30c
pfd. (quar.)
Commonwealth Water & Light Co.—
$6 preferred (quar.)
preferred
3
1
75c
___
Water Co., 5>/2%
1212-
12-10
$1 Va
prior pfd.
conv.
Eastern Massachusetts
8
25c
(quar.)
(quar.)
Trust
12-
1-15
3
50c
(quar.)
(year-end)
com.
Corp., 5%
prior
1
1
1-
Co.—
(quar.)___
preferred
12-15
$1
common
preferred
$iy2
75c
(quar.)
Commercial
conv.
__
Lead,
preferred
6c/r
______
12-
2-
$iy4
preferred (quar.)
Duquesne Brewing
Durham Hosiery Mills, 6%
1
(year-end)
12-15
3
31VzC
com.
&
$4V2
12-1
(N. Y.) (year-end)
international Corp.—
J55y2c
$iy2
(year-end)
Picher
11-30
12-
12-20
10-
37V2C
(quar.)
___:
Nemours
12-
_
_
12-10
75c
(quar.)
11-26
______
—-
11-30
11-30
12-24
11-30
12-30
37'/2c
i$iy4
—
Colgate-Palmolive-Peet, $4Mj pfd. (quar.)
Coleman Lamp & Stove (year-endt_
Columbia Baking, common
$1 participating preferred (quar.)
Participating
87c
Common,
11-29
12-10
12-10
prior preferred (quar.)
preferred (quar.)____
t$l3/4
Chemicals,
de
12-15
Class A
$7
I.)
12-15
A
(quar.)
—
(quar.)
preference
(E.
11-29
12-10
50c
$1%
1
General
/
11-27
12-10
12-
t25c
Extra
2-10-44
tioc
common
common
12-15
Common
4,/4%
Bradstreet,
Plastics &
Durez
12-11
12-10
11-30
1
S'/n
11-30
3-1-44
12-
12-15
12-15
4-
General
11-27
12-15
4
12-15
2c
60c
7-
General
11-30
12-10
1
37V2c
60c
$1
(year-end)
class
Coca-Cola
.
Ltd. (quar.)
(quar.)
preferred
common
(quar.)
General
75c
Co.
75c
Extra
$3
$1.75
75c
Coast
Coca-Cola
$1.20
&
12-20
,7 15c
—
(quar.)
(quar.)„
General
1
50c
25c
Driver-Harris Co.
50c
20c
_________
12-15
12-
4
37J/2c
5'/2%
12-23
12-15
$ 1V4
(year-end)
Casting (interim )_____
Textile, Ltd.,
preferred (quar.)
1%
12-23
$7
12-
(year-end)
Class B
12-15
$1%
6
12-15
(quar.)
Gemmer
1
12-
3
62V2c
(quar.)
Co.
Draper Corp.
$iy4
30c
Year-end
1
;
class A
Fund
12-
(quar.)—,
General
(quar.)
Cup Co., $2V2
Dominion
11-26
12-
1-
12-
12-
15c
,
Extra
12-10
12-10
6
12-21
Indemnity (San Fran.)
Gaylord Container Corp.,
1
15c
Dominion Stores,
12-15
12-
t$iy2
(accum.)
Corp.-Seagrams, Ltd.,
preferred
12-10
Wheeler, 6%
5%
Ltd.—
1
12-20
12-15
12-31
15c
:
Construction,
class
12-24
$2
25c
(year end)——.
prior preferred
3
12'/2c
i
—
(quar.)„
(quar.)
1
12-29
12-
25c
—
(extra)
common
preferred
$1.50
40c
12-20
prior preferred
5xkc!o
12-10
75c
11-26
25c
12-24
12-10
25c
(s-a)
(quar.)_„
Corp.
Stores,
6%
preferred
Car
<9——
Diamond
4
B
Gatineau
1
50c
Motor
T
1
12-
(Canada), class A
Gary
1
12-
12-11
12-
Extra
12-15
12-
12-15
12-11
12-31
50c
Extra
11-19
3
1
12-31
12-11
12-15
1-
1-
25c
12-15
Motor
Furhmann
•
12-
l'/aC
12-31
Co.—
Extra
Diana
—
12-
$iy4
J25C
25c
Corp. (year-er.d)
Devonian Oil (quar.)
12-15
—7.7.
1
75c
Steel
12-14
7—
1
12-
$1
12-15
5% preferred (quar.)
Clayton Silver Mines
12-
12-10
$1
Delaware
75c
Clearing Machine Corp. (quar.) ___________
Cleveland Graphite Bronze, com. (interim)5% preferred iquar.)
12-10
$1
(quar.)
(initial
50c
•.
4*
Delaware Power & Light Co.—
30c
r
;
(year-end.)
12-
$2
(irregular)...:
Dominion Coal Co., 6% preferred (accum.)_
common
12-15
37y2c
(quar.
Doernbecher Mfg.
common
3
3
12-14
3-11
'
Co.
Fox
12-
12-14
12-11
1
12-21
Stores,
Fox
3
6
1
1
4-
Co.—
Fox
12-23
12-
12-
1-
$2.50
(quar.)__
Hotels
V'/e
12-
15c
12-15
$2.50
(reduced)
Pawners Society
Preferred
1-
1
75c
Extra
3
25c-
RR.
12-10
Co.
12-
12-24
40c
12-21
Controller
75c
1
12-
12-15
25c
of
Foote-Burt
Fox
1- 3.44 12-20
25c
____.
Doehler Die
Equipment,
1
$3
12-
12-21
12-20
G'/c
4
12-
25c
Records
Extra
12-11
Clark
12-
12-15
12-21
25c
(quar.)—
10c
Fruit-of-the-Loom,
Darby Petroleum
3
Clark
12-11
12-15
6%
25c
(year-end)
Dobecknum
City Ice & Fuel Co.,
50c
$iy8
3-18
12-31
6%
75c
:
—
12-15
.
1
12-10
1
SI1/.*
37!/2c
(quar.)
Ford
Foster
1
12-
12-23
50c
(year-end)
12-28
15C
12-
12-15
4-
Gas (year-end)
(year-end)—
.preferred
Class
12-13
3
12-15
$ll/4
75c
$1%
;
1-
25c
6
25c
Curtiss-Wright
Distillers
(quar.)
11-30*
12-
$2
i
11-30
t50c
Ford
12-15
12-15
$3
(year-end)
com.
12-11
3c
Machinery Corp. (quar.)
Bros. Gear & Machine, common
Foote
5c
5%
Co.
Food
56y4c
—
Fair
$2V2
12-
6
State
Food
1
12-10
Dixie
Stamping
12-
10c
12-15
City Auto
12-10
15c
25c
Industrial
First
50c
12-15
1-
11-30
11-17
(quar.)
Firestone Tire & Rubber, common (year-end)
(year-end )_
12-28
$1.75
11-30
12-15
12-22
(quar.)
&
Co.
Firemen's Fund
(resumed)
preferred
arrears)
12-15
J7y2c
50c
Water
Financial
11-27
(quar.)
Corp.
of Amer.,
Forster, 8%
11-20
11-19
preferred
conv.
1
12-15
12-10
common.
Crucible Steel Co.
4
12-
12-18
1
3
—
Amer., class A (quar.)
Class B (quar.)_:
6
12-
12-15
1
12-
12-
common (year-end)
common
Truck
Finance Co.
12-
12-16
(s-a)
Motor
J.)
12-10
6
12-10
Co
Shops,
Federal
11-30
common
(quar.).
Co.,
Crown-Zellerbach
12-
12-18
$l'/4
Corp.,
Rubber
(J.
12-10
20c
'■
preferred
Fclin
12-20
12-
12-22
Canadian Corp., Ltd.—
Ferro Enamel Corp.
4
4c
12-28
pfd. (quar,)__
12-
11-20
3
1-
12-15
$1
(s-a)___
Federal
50c
$iy2
(Pa.), 7%
12-15
12-15
80c
—
Bake
11-20
11-30
11-30
$1
Federal Mining & Smelting
Federal-Mogul Corp.
11-15
5c
—
$iy4
Water Co.
5%
12-15
12-10
25c
Quarterly
Federal
.
12-15
50c
—
Faultless
1
80c
Farmers & Traders Life Insurance Co. (quar.)
11-24
25c
——4
(quar.) ..7—_7^-^———:
Citizens
12-15
12-10
$1
—
...
(quar.)
■?
12-15
25c
(quar.)„
$6 preferred
(quar.)
12-28
15c
(year-end)
common
preferred
$5 preferred
$7 preferred
12-15
$1
35C
12-14
12-
65c
Metallurgical, $5 pfd.
Common (year-end)—7—
12-15
62y2c
—
3
,
j25c
interest-—,—
Fanny Farmer Candy Shops
11-22
1-3-44
1-3-44
$1
.
(year-end)7
1-
$iy2
(quar.)___
Fansteel
—
—
Electric
12-14
Extra
$1%
$1%
3
(year-end)——,
Year-end
6
25C
Crane
1
Light Co.—
12-20
$1%
;
6
12-
12-14
1-
12-15
50c
beneficial
Brev/ing
12-22
$1%
—
Players
3
3
(quar.)
preferred
1-
1-
Engine & Airplane Corp. (initial)Falconbridge Nickel Mines,(interim)
6%
12-22
25c
.___
preferred
Corp.
1
3
$iy4
Bearing Co, (quar.)—.
Famous
11-30
$iy»
56V4C
;
Co.
11-10
1-
1;
Fairchild
Ealstaff
3
(year-end)
common
Petroleum Corp.—
convertible preferred
5%
$1V4 12-1-44 11-15-44
_
(year-end)
Cities Service Power
11-26
1
Disher
Cincinnati Street Ry.
12-
12-17
12-
2-15
.
12-14
12-10
preferred
participating
1,!
11-15
62'/2 c
11-19
Ry.—
—
preferred (quar.)
5% preferred (quar.)
5 % preferred t quar. I
57a preferred (quar.)
1-
12-15
of
5 Vo
Plantation
Extra
1
11-26
25c 1-14-44 12-14-44
(quarterly)
Quarterly '7—————
Quarterly
11-20
30c
Chickasha
12-
12-10
30c
Chicago Rivet & Machine (year-end)--
12-20
15c
40c
12-
12-13
50c
■
11-26*
common..
11-30
50c
12-15
11-30
11-24
,
10c
12-15
12-31
12-15
20C
(extra).
(quar.)_
Co.,
Cuban-American
Utilities Co.—
preferred (accum.)
12-31
50c
50c
common
12-
12-10
(quar.)
Pittsburgh RR., gtd. stock (quar.)___
RR.,
Fafnir
12-15
12-10
t3c
$7 prior preferred
$6 prior preferred (accum.)
12-10
12-10
$2.25
$1%
(quar.)
3
12-28
Co.—
preferred (quar.)
$6 preferred (quar.) —7——
6% preferred (quar.)
7——_____—.
1rlo preferred (quar.)
1-
.
12-11
3
12-20 7
$1%
series
Ex-Cell-O
12-12 7
773 40c
'
—
12-10
12-20
Class
1
40c
pfd.
3
(quar.)
(quar.)—
Cornell-Dubilier
12-13
3
12-24
10c
,
1- 3
1-
60c
X'X $4
1-
25c
11-23
12-13
$iy8
—
(quar.)
(quar.)
Certificates
Cosden
12-11
12-
Ewa
75c
1-10
12-10
Eversharp,
12-16
20c
5%
4
12-10
12-15
1
15c
Corp., common
preference (quar.)
prior
Coronado
11-26
1-20
(Del.)
Corp.,
preferred
$3
1
12-
12-10
12-15
1
1-
Copperweld Steel
6
12-21
1
1-
62y2c
Copper Range Co.—
1
12-
$1.50
7'
—
^ .1.
Illinois ~Light, 4\<fo
Chamberlain
12-
12-16
1-
|43%c
_
—
Cooper-Bessemer
11-17
12-15
$2
_
£X(;ra '
Power
12-22
$1.75
Central
Steel &
5
50c
•
of America (year
Cold Storage (quar.)
&
5
11-
50c
(quar.)
Corp.
$7 prior
11-
6
$iy4
(quar.)—
(interim)
Inc., common
A (quar.)—
B (quar.)
Patricia
6
12-
$1
preferred (quar.)__
Central
12-
50c
Co., common (year-end)—
I.)
(J.
Catalin
12-15
25C
——.——
Tel.
&
Carpenter Steel
Carthage Mills
6% preferred
6% preferred
:
____________
.____
Co.
Clinchfield
Carolina
3
$2
—
Co.
Carborundum
1-
Erie &
25c
Fibre
preferred
Steel
preferred
Erie
Continental Telephone, 6y2% pfd. (quar.)„
1%
participating preferred (quar.)
1
12c
(extra)--
Cos.
(year-end)
Capital City Products (quar.)—
Capital
12-
120c
(interim)
Mines
Malartic
Oil
11-30
3
125c
__—„_s
Oil
Canadian
Canadian
2
1-
}25c
Canadian Industrial Alcohol, class A (interim)
Class
1-
$$2!;
:
—
prior
1%
$6
12-10
35c
English Electric Co. of Canada—.
;
•; ;./v7/
$3 non-cum. class A—____—Ii_„_'—'
12-17
(quar.)— 7
Rolling & Steel Fdy.,
Continental
Investment Corp.—
8% preferred (quar.)______—
_______
Canadian General Electric Ltd. (quar.)_____
Chile
1%
3
i$iy2
Canadian Foreign
Chilton
Continental
1-15
12-17
_7 —
Continental Oil Co.
12-15
3
12-15
3
—
Diamond
12-15
1
3
;
Co.
Motors
3
1-3
1-
Can
Continental
preferred (quar.)_-U->^-J_-._^---__--
Canadian Cottons, common (Increased
Assurance
Continental
3
15 c
————4
1-
1-
1-
2-
$1%
1-
(quar.)
—
1150
—
12-15
$2
(quar.)
(year-end)—
Continental Casualty Co.
(Chicago)
cum.
3
preferred
$l'/4
preferred
1-
non-cum.
Chicago
$4V2
(quar.)—
Extra
1-
of Reo.
$1
Emsco Derrick & Equipment
Engineers Public Service, $5 pfd.
$5Va preferred (quar.)----,
25c
common—
$2.50 preferred
185c
Participating
Central
Ltd.,
112 y2c
Continental
6
Holders
50c
Empire Star Mines Co., Ltd.—_i__
Emporium Capwell Co., common (quar.)
t25c
;
(quar.)
Coal,
Power,
Continental
12-
Payable
.
—
(increased)
com.
137 Vac
A
mass
'
Central
Steel,
preferred
12-31
share
Power Corp.—
partic. stock (accum.)—
—
Stores,
(accum)_
Boxes,
$5
5
$1
(quar.)
preferred
Consumers
11-
$iy8
(quar.)—'
Breweries, $3.40 preferred (quar.)_
Canners, Ltd., common (quar.)^
Canadian
Central
(quar.)-_
(quar.)———!——
.
11-15
12-15
(quar.)
1-25C
t$l%-
Canadian
5%
C
,
Wirebound
Canada
lr/o
$1.75
12-15
When
Per
Name of Company
Empire
(Bait.)—
(quar.)
B
6'/a%
6%
Consolidated
6
$2.25
90c
preferred B
Consolidation
11-30
12-
41/2%
Power
Retail
1
J$1
&
7
of Rec.-
25c
;
Light
(quar.)
preferred
Holders
Industries—
Consolidated
8%
12-15
40c
(quar.)
(accum.)
Elec.
preferred
When
Payable
10c
J75c
Y.
N.
Laundries, $7.50 pfd.
■
12-15
1-
t$2
r
of
Consolidated
1
12-
3
4%
Co.
preferred
Class
Case
12-20
7 1-
Gas
4%'%
preferred-
Film
preferred
Common
12-20
1-15
$2
non-cum.
Consol.
11-15
15c
1-25
t$l
Canada Wire & Cable Co., Class A (interim)
5%
12-15
t$1.75
1%
60c
12-15
+
Canada
1
11-24
$50c
_________
Extra
Canada
.
12-15
25c
150c
Canada
;
tlOc
(year end)__——
Forgings, class A (quar.)
$2.50
1
137 VaC
(interim)—
Ginger Ale
Canada Foundries &
Consolidated Coppermincs (year-end)
Consolidated Diversified Standard Securities—■
12-15
3
t$iy2
Canada
Canada
Per
share
Name of Company
of Reo.
12-10
12-20
50c
—:
__,
F.)
A (quar.)—.
——i
Printing (quar.)__„—
Extra
Hamilton
United
Theatres, 7%
12-20
1
preferred
(W.
1-3
pfd. (accum.)
12-20
I
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4235
Volume 158
Watch
Hammermill
4 '/2 %
Papeir,
preferred
12-15
12-
25C
(quar.)..
cornmbn (quar..)——
12-20
12- 4
Kobacher
$l'/a
Hawaiian
Commercial .& Sugar
.Hayes Industries, Inc.
1- 6
12-22
11-30
(G.
11-23
12-17*
3
1-
12-15
12-
25c
12-10
35c
12-
12-
8
1-
Co,', common (irreg.)
((quar.)——————
(year-end)
1,_———
Hewitt Rubber Corp
—
Hibbkrd Spencer Bartlett & Co, (monthly)—
Monthly
——
Hinde & Dauch Paper, common——.;
—
5%,' preferred (quar.)— ...—i—.
3
1-
$VA
W.)
1
Lambert
3
12-
12-10
25C
12-15
12-
15c.
12-24
12-14
Landis
1-28
12-28
1212-
&
Loan
Investment
preferred
12-15
—25c
12-15
Honolulu
25c
12-
25c
12-15
12-
12-15
12-
Lehn
$2.50 preferred (quar.),-^..^,.
(H. D.) Co. (quar.)™,—
Products
Fink
&
f
12-31
1-
10c
12-10
12-
1
12-10
12-
1
12-21
12-10
37y2c
$1.50
Co., 6% preferred (quar.)—
1st preferred (quarterly)—^—-—
2nd preferred (quarterly)
7%
'
Refining (quar.)
Liquidometer
75c
12-10
11-30
Little
Howey Gold Mines. Ltd. (interim),——,
.'•■tic
12-10
11-30
Hudson Bay Mining ,& Smelting Co., Ltd.—
Humble Oil & Refining, new stock (initial),
J$1
12-13
11-
56 Vic
12-27
12-4
;4$1
1-3
12-15
$1%
12-30
12-20
25c
12t13
12-
Huron & Erie Mortgage
Corp.
(quar.)
■
—_
Huttig Sash & Door, 7% preferred (quar.)—
Common.
.
.
Loblaw
Star
Star
Gas
$1%
12-31
1
3%
12-
7
(final)—
9-24
12-31
—:
::
(interim)
„s—
-Independent Pneumatic Tool, v.t.c.——
Indian Motocycle, 6% non-cum. pfd. (s-a) —
11-16
$ioc
Nashville RR.
Properties (year-end)—
Ingersoll-Rand, 6% preferred <s-a)__
1-
3
12-15
Louisville Title Mortgage Co.
Extra
12-
1
11-15
70c
12-
G
11-26
1-
3
12-
•
25c
12-3
12-10
11-26
12-4
11-29
$iy2
12-10
11-30
5%'
1-28
Consolidated Copper——
Interlake Iron Corp. (resumed),—;———
35c
$1
—
International Business Machines (quar.)
Stock
dividend
International
....
—
Cellucotton
—_
Products
(quar.)
3?y2c
_
1-
1-14*
12-18
2
Mack Trucks
10c
(s-a)—
Macy
(R. H.)
.20c
12-15
$1'.50
& Co.
$3
y2c
$6c
$$1.25
1- 3
12-15
12-15
12-15
12-10
1- 3
t'12-11
$ll/4 ; f 12-11
12.-15
12-10
12-10
6%
12-10
25c
1-15
12-20
Magazine Repeating Razor common
$5 preferred (quar.)
$25c
1-
3
12-10
Magma Copper Co
Magnet Consolidated
$$iy2
6%
preference (quar.);
convertible preference "A" (quar.)—
——
2-
1
1-10
2-
1
50c
12-31
12-1
$1.50
1-3
Common
1-10
(quar.),
International Ocean Telegraph Co. (quar.)—
International Paper, 5% preferred (quar.),,
International Power Co.; 7% pfd. (quar;).,
Magnavox Co., 5%
12-31
International Nickel Co. of Canada
International
$$iy2
$iy4
11-39*
Mangel,Stores Corp, $5 pfd. (accum.),,,—,
$5 conv. preferred (quar.)
$33/a
$iy4
12-15
12-15
12-
Manischewitz
$1%
1- 1
1-
1
7%
12-17
25c
12-15
1-15
1-15
12-15
12-
1
—
Jaeger Machine Co._^——
11-24
11-29
Martin
12-10
5%
7%
7%
Jewel
11-30
Co.4
Inc.,
common
(quar.),,;
3
11-30
11-30.
Massachusetts Plate Glass Insurance
1-3
11-30
Masonite
11-30
Master
—
Kendall
Co.
(year-end)
75c
12-24
1-
1
50c
1-
6
12-3
$iy4
1-1
12-
Kerr-Addison
lLand
Co.
1-
12-
3
1-15
$1
12-15
Gold Mines
12-15
12-4
1-
1
12-14
11-30
$1%
1-3
25C
12-15
12-15
12-
$iy4
12-15
25c
12-15
12- 3
25c
1-3
12-18
Merrimac
12-
1
1-
2
12-
3
2
12-
3
Mesta
Hat
Corp, common
12-20
1- 2
Co,
12<- 8
12-
62y2c
;
Metal & Thermit Corp, common
77o preferred (quar.),,
9
Meteor Motor Car
$1
12-22
•11-29
Metropolitan Edison, $5 preferred
12-10
11-26
$6
preferred
(quar,)
preferred
(quar.)
12-30
11-30
$7
11-29
$6 prior preferred
12-10
12-. 1
$7 prior preferred
50c
Kingsburg Cotton Oil, common,,.
County Lighting, 5% pfd. (accum.),
6%
preferred (accum.)
7% preferred (accum.)—
'
.
Kingston Products (year-end)
Co., $6 non-cum pfd. (quar.),
Kirbv P"tr<'ieu"i Co, (»)ear-end;—
Klein (D Emil) (quar.)
1- 1
12- 1
$iy2
$1%
$iy2
1-1
12-1
1-1
12-1
1-1
1- 1
12-
25c
(quar.),,
^
'—
(quar.)
(quar.)
12- 1
12-11
11-20
35c
$1.75
,1.
Co.-—
12-15
12-10
$iy4
(quar.)_,__'
9
12-
1__™
.,_r
1,,^.
$l3/4
,
12-10
12-22
1'
12-1
Michigan Public Service Co.—
A
preferred
Container
12-15
11-30
12-15
12-15
(quar.75c
Corp. (quar.),,,.,,^..,
25c
2-
12-
1
■
1
12-
1
1
1-15
1-15,
12-15
11-20
12-10
11-15
12-15
20c
25c
11-29
11-29
12-10
11-30
12-20
12-
I
12-20
12-
1
50c
12-15
12-
8
35c
12-20
12-
8
35c
$37y2c
12-20
12-
8
12-
7
25c
12y2c
12-30
12-23
12-24
12-10
25c
12-24
12-10
$1V'2
$1.75
12-15
12-3
12-11
11-27*
Discount,
(year-end).,
common
prfeferred (quar.)—
■
■
—
preferred B
(quar.).,..
Transit
Co.
(year-end)
..u
1-
3
2-
25c
$4
50c
11-30
1
1-21
12-10
12-
2
1
12-15
1-15
.
$25c
12-15
1-
12-15
1-3
25c
'
'
$6
15,c;
75c
—..
1
12-10
12-
12-20 '
12- 3
1
11-30
12-10
■
12-17 1
11-15
$2y2c
$1.311/4
$1.25
25c
12-11,
U-2Q
JfL
25c
12-15
11-30
Neptune Meter, class A
(year-end)..—25c
12-10
(year-end)
——,
25c
Nestle-Le Mur $2 cum. partic. cl. A (accum.)
20c
Newberry (J. J.) Co,, common (quar.)..,
60c
New England Fire Insurance (quar.13c
12-10
11-30
12-15
12- 4
12-23
12-10
Co.
—...4-,—25c
,i
Corp,
Class
1-
1
12-15
12-
1
11-20
12-15
B
11-30
11-30
3
12-18
12-15
U-30
1-
New England
Public Service Co.—
$6 prior lien preferred (accum.)
75c
\ $7 prior lien preferred (accum.).
;
87y2c
New Haven Clock Co, 6V2% pfd. (accum.),
$1%
New Jersey Water Co, 7% pfd. (quar.)™,,
$1.75
Newmont Mining Corp.
Jltl'r
37V2c
Newport Industries, Inc.
"
20c
Newport News Shipbuilding & Dry Dock—
5% conv. preferred (quar.)..
$1J4
Common (year-end) ——
50c
New England Tel. & Tel. "(irreg.)
—.
$1V2
New Jersey Zinc Co.
(irregular)
$1
New York Central RR. (irregular)..
$1
New York City Omnibus
$1
New York Merchandise Co. (year-end)—.
15c
New York Mutual Telegraph Co. (s-a)
75c
New York & Queens Elec, Lt. & Power Co.—
,'
12-15
12-10
—
Mines
Southern
American
12-10
1-15
11-20
12-14
12-
7
12-
1
1-
3
12-31
12-14
11-19
12-10
11-30
12-31
12-1
50c
12-15
12- 3
12-23
11-27
$$1
12-15
11-15
$2
$2.50
12-10
11-26
12-10
11-22
(initial)
Railway, common (quar.)
Co.—
com.
1 sh. of Pacific Gas
for
each
100
£%
jshs.
held
—™
12-10
6%
$1.50
1- 3
12-15
2
12-10
6%
$1.50
1- 3
12-15
11-26
6%
1-3
12-15
Northern
2c
1-15-44
12-30
$1.50
$1.75
1-3
12-15
Northern Ontario, Power,
$2ya
12-23
12-10
10c
12-11
11-30
12-11.
11-30
12-20
12-1
Northrop Aircraft, common (initial)—
Northwestern Telegraph Co. (s-a),.
Central Ry.
Empire
12-
1-
3
12-10
1-3
75c
717/«c
75c
$ll/2
12-10
12-10
1
12-22
1-
$lJ/2
12- 2
1-
1
12-22
12-22
12-14
12-22
75c
75c
75c
15M>c
,
12-14
1
12-22
1-
12-16
12-
2
$1
12-10
12-
3
25c
12-10
11-23
1-
$834c
3
12-
6
$2
(s-a)
Mines
3
1-3
preferred (quar.)
5%% preferred
(quar.)L__^_
North American Car Corp, coihmon (irreg.)
$6 1st preferred A (quar.)——.—
$6 1st preferred B (quar.)
—
North American Rayon, class A (year end).
Class B (year end)
6%
prior preferred (quar.).—.*
North Central Texas Oil (year-end),
North Pennsylvania RR. (quar.)
North River Insurance Co. (quarterly).
North Star Oil, Ltd, 7% pfd. (accum.)
6%
11-19
12-15
(subject to approval of the SEC).
Northern
12-10
'10c
(stock div.)
Electric
8
12-
12-31
end)
Ry.
Norfolk & Western
&
1-15:
12-22
(quar.),,
(year
Noranda Mines Ltd.
Common
1
$50c
$25c
—,
Niles-Bement-Pond
North
11-24,
2-
$1.75
...
Niagara Lower Arch Bridge (quar.)
Wire Weaving, Ltd. (quar.)
Norfolk
I
11-27
12-10
—
Niagara
Nippissing
12-
12-11-
12-15
_______
Common
11-30
3
1-
—
6
Mickelberry's Food Products (s-a)
11-30
2-
;
1-
preferred (quarterly)junior preferred (quarterly)
preferred series 1940 (quarterly)
7% preferred (quarterly)
12-30
50c
(quar.).,,,,,-,,,-.,;
12-23
k
•
1-15
12-15
25c
12y2c
'
common-,.
12-
20c
6
25c
(quar.)
12-10
1
12-16
3
12-3
12-
25c
;■
(Detroit)
.
11-29
$2
1-1
2
$1.20
12-2 "
12-22
20c 1
Machine
i- 3
.
12-15
12-
3
12-20
25c
—
Extra
12-10
12-22
1- 5
12-
12-10
12-15
12-15
end),,
(year
$5.25 1st preferred (quar.),—
Neiman-Marcus Co, 5% preferred (quar.),,
Neisner Bros. Inc. (#ar.)
i'..........-
1%| 6
1^15
$1.3114
12-20
3
1-2
com.
National Cylinder Gas (quar.
National Dairy Products_,__,.—.j.
Nehi
1- 4
12-23
11-26
12-15
25c
(quar.),,
$50c
(quar.)_._l_J,—$43c
Register,
City Lines,
Natomas
11-30
$1V2
(extra),,25c
12-22
1-
•
12-
Negus Mines ,Ltd, (interim)
12-10
11-1
11-1
$1V8
$1.75
•
12-10
1-
25c
National
11-30
50c
12Vic
1-15
—
1
12-21
12-31
12-29
12-15
2-1-44
12-24
25c
$1 '/4
Messer Oil
1-
37»/2c
37y2c
SlMj
Kings
15c
62'/2c
preferred (quar.)
Mergenthaler Linotype; (year-end)
25c
.
$23/2c
$1
$30c
Mines,,,
514%
$8c
—-
25c
$55V2c
$$1.11
12-20
non-cutn. preferred (initial)__—:
National Tool Co. (year-end
....
12- 7
12- 7
11-30
12-4
12-22
12-1
1- 3
12-15
1-15'
1-3
12-10
1- 2
25c
(special50c
6%
12-15
12-
11-30
National Terminals—
12-15
12-15
12-31
preferred A (quar,),..——
& Steel Castings^i,,-.,..
National Refining Co, $6 prior pfd. (accum.)
National Standard Co. (quar.),,——..
National Steel Car, Ltd. (quar.)—
National Sugar Refining..
...
12-.3
12-24
12-24
12-10
12-15
35c
,
1
30c
Extra
1
12-15
$iy2
37y2C
Lake
$1
6r,'o preferred (quar.)
__T
1
15c
*
Robbins, $4 pfd. (initial quar.)
McManus Petroleums, Ltd, partic. pfd. (s-a)
Mead Corporation,'common
Meadville Telephone, 5% preferred (s-a)
Mengel Co, common (year-end) "
5%
1st preferred (s-a)
Merchants & Miners Transportation (quar.)
Merchants Refrigeration; class A (initial),,
7% preferred
^
,i,.
Merck & Co, common (quar.)
4Ms°/o preferred (quar.)
11-24
12-
——
Kinney Mfg.
12-
12-15
Red
10c
25c
12-18
1-15
National Malleable
12- 4
$1%
(quar.)
40c
(year-end)
(irregular)
Extra
25c
(interim)
12-20
1
11-24
30c
(quar.)
Casualty Co.
Extra
11-15
.
McKesson &
1
12-10
40c
Kimberly-Clark (quar.)i———
King-Seeley Corp.
12-
50C
(yearrend)
12-10
Co.
Asphalt Corp. (quar.)
McKenzie
1-3
20c
—
Keystone Steel and Wire Co.
12-15
$iy2
i——
Kilburn Mills (quar.)
25c
(quar.),—;
12-
12-28
7%
12-15
U-30
12-25
_,
McCrory Stores Corp. (quar.)
Mclntyre. Porcupine Mines (quar.)™.
3
$iy4 '*
'
Kern County
7c
50c
12-31
12-15
1-1
7%
12-17
1
common
(s-a)
Alkali Works, common—
preferred (quar.)—,
McBryde Sugar (year-end)
McCall Corp. (extra),,—
12-10
—^—•
—
Mastic
6
$1%
—,—
Refining
Kennecott Copper
t$iy2
preferred
6%
12* 2
Mathieson
1-18
$1.50
Corp,
Electric
11-30
2-1
.
12-13
—
12-
12-20
—
Kendall
3
25c
—
•
3
1-
xl%%
■
———
1-
$1.06 y4
.
•
——
1-
X$l3/4
.
preferred (quar.)•—,.u.—
Johns-Mansville, common (year-end)
—
7% preferred (quar.),,
Jones & Laughlin Steel, common,————
5% preferred A (quar.)—
—•
5%, preferred B (quar.),—
Joplin Water Works Co., 6%- pfd. (quar.),,
Joslyn Mfg. & Supply, common,——
6% preferred (quar;)..,.
—
.
Joy Manufacturing Co.,
———
'Julian & Kokenge (year-end)— j
Kalamazoo Vegetable Parchment (quar.)—
Kansas City. Power & Light—
$6 prefeAd B (quar.),;
Katz Drug ck, common
i™.
—
$4.50 prefe|ged (quar.)——
Kaufmann. D^iartment StoresCommon (year-end)
5% conv. preference (quar.)—;
——
Kayser (Julius) & Co.—,—v——
Kellogg Company, common
Kelsey Hayes Wheel, class A
$iy2
.
12-17
'
12-10
Gypsum Co..
National Lead, common (quar.)...—^
,12-15
12-11
-
1-3
17c
12-15
1
50c
National
1
35c
Co.
xiy4%
414%
•Class B
L.)
12-
1-1
1- 3
12-15
12-31
12-31
,
(Glen
xl'4%
preference C (quar.)———————
preferred A (quar,).——
1
preference B (quar.)—
—
Tea
-
11-25
$lVa
(quar.)
—
National Grocers, Ltd, $1,50 pref. (quar.),.
12-1
11-24
11-24
11-17
37J/2c
Class B
3-20
1-1
Marion Reserve Power, $5 preferred (quar.),
Water Co., 7%
pfd. (quar.)
Marven's, Ltd, 6% preferred (quar.)__;i_„
Maryland Fund (year-end) ——_i.
(quar.)—1
——-—
4- 1
12-15
12-20
50c
.
$l3/4
50c
(quar.)—,.—
$iy4
$1.75
Marshall Field & Co, common (year-end),,
20c
6%
preferred (quar.)—————$lJ/2
6% preferred 2nd series (quar.),,
$iy2
12-11
11-19
8
12-15
;
Folding Box, common, (irreg.)..,,
National Funding Corp, class A (quar.),.,.
11-30
50c
(quar.)
Consolidated Mfg.
Extra
12-11
$iy2
$2(40
(accnm.)
pfd. (quar.)
12-11
,
$1%
(irreg.),—i——
Co, 7%
Marion
$1%
preferred div. arrear ctfs. (accum.),.
6Va % preferred div. arrear ctfs. (accum.)
(B.)
preferred
Mapes
12-15
12-10
25c
National
12- 3
12- 3
12-20
12-15
$25c
$75c
—
7%
Jamaica Public Service, Ltd., com.
5% preference D (quar.)—,
12-15
11-23
12-10
2*
12-15
12-15
12- 6
11-29
7
1-3-44
12- 1
12-
Ltd, common
Breweries,
conv;
5%
11-30
12-15
12-10
1- 3
$1%
Silver, 7% preferred (quar.).
Mills (quar.) _i__
Foundation, com. (initial)
preferred (quar.),—;
preferred div.' arrear ctfs.
12-15
12-15
75c
40c
(R.
C.) Co. (irregular)
Mallory (P. R.) & Co. (year-end)
Iowa Southern Utilities Co.—
6%
15c
—,
$1
Interstate Hosiery
Island Mountain Mines Ltd.
25c
(quar.)
$1%
—
6%
Mahon
1-3-44
$iy2
$iy2
30c
preferred
National
11-15
11-30
25c
Co.
Extra
Rys, of Central America—
Investment
$3c
25c
Ltd.
pfd. (resumed)
12-16
$$1.75
5% preferred (accum.),;
International Salt Co. (year-end)—
International
12-
25c
Mines,
non-cum.
(initial)
Magriin (I.)
,
12-
$1V4
National Erie, 5% non-cum; 1st pfd. (s-a),$2J/a
3% non-cum. 2nd preferred (s-a$1V2
•
11-20
$5c
50c
—
convertible
12-
12-
12-11
National
"
11-27
11-12
ll>-20
Madson Red Lake Gold Mines
11-30
12-
12-22
$3
11-30
50c
11-27
11-24
12-15
12-
1-3
12-10
Class
12- 7
11-17
11-30
;
(quar.)
12-10
12-10
international Metal Industries, Ltd.—
12-16
30c
Extra
11-29
75c
11-30
11-23
National
12-15
11- 2
$2
11-15
12-15
3
.■Extra
12-15
50c
—
12-15
1-
(Quar,),;
Common
12-24
1- 3
12-15
11-15
1-
12-
National
12- 4
12- 4
40c
30c
International Cigar Machinery Co. (year-end)
Harvester Co., com. (year end)
Common
(quar.)
International
Class A (interim)
12-15 *
1-3-44
25c
$1.62-'/2
:
11-30
1- 3
1
12-15
6
7%
11-30
■
12-10
1-15
12-
National Cash
11-29
12-15
'...
end)
(year
12-24
12-15
$2
Manufacturing & Sales Co.,
Lunkenheimer Co, common (year-end)
6Va%
preferred
(quar.).—
Lykens Valley RR. & Coal (s-a),
Lynchburg & Abingdon Telegraph Co. (s-a)
M. J. & M. M. Mining Consol. (increased s-a)
Macassa Mines, Ltd.
(quar.),,
MacKinnon Structural Steel Co," 5% pfd.__
6
12-20
Inspiration
Rubber
12-14
12-27
12-20
$134
...
Co
National Automotive Fibre
9-30
9-30
10c
11-26
3
(quar.)——
System, Inc., 6% pfd. (quar.),,,,,
Corp. (irreg.
Formerly known as Nachman-Springfilled
12-17
12- 3
12-3
11-20
12- 1*
50c
9
12-27
National
1-15
1-15
$1.75
11-15
12-
1-
National Biscuit Co,
1- 3
12-17
12-17
12- 5
12-15
12-15
12-15
12-15
6%
11-15
45c
12-20
3
Corp.
$2
Ludlow
$3
Industrial
30c
12-23
3
1-
$66'/2c
$134
preferred A (quar.),
preferred B (quar.),,
Mutual
12-24
11-24
12-10
12-11
1-
.
3
Nachman
20c
50c
(year end),,
30c
50c
1-3
12-10
12-20
1-
Mutual Chemical Co. of America—,
12-21
12-10
75c
Co
preferred (quar.)
Angeles Investment (resumed)_—_,—
Louisiana Land & Exploration—
Louisville
12-31
$2
50c
7%
Ordinary
2-25
12-31
$4
v
Los
Imperial Tobacco of Canada—
Intercontinental
15c
$1
—,
Lord
6-10
7%
—
3
3
40o
•
11-24'
11-24
2-11
12-21
50c
$1.10
(quar.)—
Loomis-Sayles Mutual Fund.
Loomis-Sayles Second Fund (quarterly),—
& Taylor (quar.)
Lorillard (P.) Co., common (year-end)
12-20
12-11
7-
1-15
11-26
20c
(special)———
Corp. (quar.),,.,—,—
Cement
Lone
$2
2- 1
12-20,
12-10
$iya
—
20c
Lone
3
3
11-19
1-
—
12-11
(quar.)—
12-
Imperial Chemical Industries, Ltd.—
Ordinary shares
preferred
11-27
1-
12-17
$2
50c
Murray Ohio Mfg._,
;
30c
Muskogee Co. (year-end
50c
Muskegon Piston Ring (year-end)' 20c
11-27
3
——
12-17
$2
12-
Muncie Water Works, 8%
pfd. (quar.)
Murray Corp. of America (irregular)
12-11
1-
Inc., common (reduced)
Pipe, common (monthly)—,,—^.
12-10
gtd. (s-a)—
gtd. (s-a
11-24
11-24
■Mueller Brass
12- 2
12-15
1- 3
Groceterias,
15c
—
,
11-30
12-11
Locomotive Firebox Co.
Illinois Central RR. Co.—
Leased Lines, 4%
Leased Lines, 4%
Corpi
70c
Hydraulic Press Mfg., common 1 year-end )
Hygrade Food Products (year-end)—
Illinois Bell Telephone Co.,.——
—:
12-10
Mountain Fuel Supply (irregular)
Mountain Producers Corp. (s-a)
11-30
25c
Extra—
8%
12-13
12-13
12-10
1-1-44.
25c
RR. Co., special gtd.
capital tquar.)—
Lock Joint
6
12-20
12-10
•
Motor
12-10.
25c
Miami
Original
9
1
—,—
preferred A (quar.)
12-10
(quar.)„
11-26
1-3
12-10
■
■
Morgan (J. P.) & Co._,_:_,
Wheel Corp. (year-end)—
;
1-
(quar.)—
——
—-
12-18
Co.
—
Extra
12-21
Sound
12-10
...
Lion Oil
Liquid Carbonic,Corp., common
4'/2%
(quar.)
Moore iWm. R.) Dry Goods
12- 1
12-10
12-21
35c
$1(4
50c
7%
11-30
12-20
Howe
100%
12-15
r_.
12- 4
12- 2
50c
Extra
12-15
11-26
11-16
12-13
$2
—■
J40c
75c
15c
37y2c
7%
Tobacco,
12-14
12-12
50c
.
——
$1.75
7%
Howe Scale
——50c
12- 4
11-20
(Wash., D. C.), com.,
25c
7% prior preferred (quar.),,
—87y2c
6% partic. preferred (quar.)——_—_
37y2c
Lindsay Light & Chemical, 7% pfd. (quar.)
17l/2c
Link Belt Co.36»/2% preferred (quar.)—,
$1.62y2
12-10
Bros.
12-1
Lincoln Service Corp.
12-10
Howes
12-1
12-15
12-18
12-15
12-27
12-10
12-10
—
Lily-Tulip Cup
12-22
Houston Oil Field Material Co., Inc.—
Common (resumed)
2,„Li——
$1.50 convertible preferred (quar.)—
12-14
$1%
11-20
12-22
—
35c
pfd. iquar.),
12-31*
12-10
75c
_
12-14
—i.
—
Liggett & Myers
62y2c
(year-end)—
_
Stock dividend
4
12-31*
30C
(monthlyi——
12-
1-15;
$iy4
.
1
1-15
$1.
12- 3
1-3-44
(interim)———
Libby-Owens-Ford Glass (year-end) —
Life & Casualty Insurance (Tenn.) (quar.)—
12-20"
2
12-18
25c
——
12-
12-20
$1
Levy Brothers Co., Ltd.
12-10
12-10
50c
class A (irregular),,,,
Company (irregular)
Leslie Salt Corp. (quar,)—
11-30
12-10
62yac
Class B (year end)
Household Finance Corp., common (quar.)—
5% preferred (quar.)—
-
preferred (quar.) 1
11-29
11-29
11-20
25c
—20c
LeRoi
25c
—
5%
Leighton Industries,
12-
1-
$iy2
Electrochemical, 6% Rfd. (quar.)
Horder's, Inc. (year-end)
Houdaille-Hershey, class A (quar.)
Houston Natural Gas, common
12-
12-15
15c
Hooker
Houston Lighting & Power Co.
12-
12-15
25c
.—
—
4
25C
Co
12-14
12-14
12- 4
Lehigh Coal & Navigation (year-end)
Lehigh Portland Cement Co., 4% pfd. (quar.)
.
12-; 3
12-21
20c
Lee
*
12-11
12-31
J
62VSsc
25c
12-
12-11
Corp.
Plantation
$50c
11-15
40c
50c
■
$3
12-20
12-15
4
(year end)
$1
Mississippi Power. $6 preferred (quar.)
$iy2
$7 preferred (quar.)
$ia;t
Mississippi Valley Public Service—
6% prefexred B (quan)
$1(2
Mitchell (Robert) Co, Ltd.
u_,,
$$1
Mohawk Carpet Mills Inc
50c
Molybdenum Corp. of Amer,-„-i.«
12 y2c
Monongahela. Valley Water Co.—
7% preferred (quar.)
—$1.75
Monroe Chemical CO, $3.50 pfd. (quar.),,,,
87'/2c
Montreal Cottons, Ltd, common (quar.)
$$l
7% preferred (quar.)
i$l3/4
Montreal Loan & Mortgage (quar.),—
$3iy4c
Montreal Refrigeration & Warehouse—
$3 preferred (accum.)___„.
$$iy4
Moore Corp, Ltd.,'common,:
$55y2c
12-4
11-24
(s-a)_,—,—
11-13
Mission Corp.
2
$1%
12-15
7vac
Extra
12-15
preferred (quar.)-i
——
25c
Oil
Common
12-15
common__,,^,_.,^,„;——
Leath & Co.,
12-
11-15
4c
(s-a)
Minneapolis Mining & Mfg Co. (year-end),,
12-17
3
12-11
'—J—,*,—,;
Extra
1- 3
1-
25c
Honolulu
12-31
1- 3
50c
.
12- 4
11-15
2-1
(Ontario)—
$25c
:
12-15
t50c
—
1-14
12-15
—t$l
:
—
1
12-15
Supply (year-end)
Hart, $1 prior preferred
Minneapolis Brewing (year-end)
Minneapolis Gas Light Co.—
$5 participating units (quar.)
Minneapolis-Honeywell Regulator Co.—
12-17
2-
preferred
12-
37y2c
Miller &
11-19
1-1
12-15
,n,
(quar.)——
"Special
Hollander (A.) & Sons, Inc. (quar.)__
12-14
of
12-18
Extra ■'_,_
Midwest Piping &
11-26
ilQc
(interim)
8%
HoldeiB
Payable
50c
Midwest Oil Co. (s-a),_,
11-19
37'/2c
Machine, 7%
6%
12-10
12-14
share
Co.'
Midvale
11-26
50c
J20c
—
(quar.),,.:—
Ltd.
Langleys, Ltd., 7% conv. preferred (accum.)
Lawyers Title Insurance (Va.)—
12-
12-28
12-18
$1%
(quar.)
Lane-Wells Co.
1-18
15c
50c
$iy4'
■
lr 1
12-10
50c
Extra
1
11-20
15C
—.,,,
65 CO.
Mines,
(Irregular)
4
12-21
Co.
Lambtort
12- 4
$1%
$1
12-10
Name of Company
1
$1%
(quar.)
Extra
11-26
:
(B.)
Lamaque Gold
11-26
6
20C
Powder Co.
Kuppenheimer
Lake Shore Mines Ltd.
11-10
12-
20c
special preferred
When
of Reo,
40c
& Co., common,^
(S. H.)
6%
Hoiaert
12-12
25c
Kroger Grocery & Baking—
6% 1st preferred (quar.),n
7% 2nd preferred (quar.)
4
75C
preferred
Hinde & Dauch Paper (Canada)
Hines (Edward) Lumber Co
;
12-20
$1.25
—i-*.
Heileman (G.) Brewing (increased)—_~v——
Hein-Werner Motor Parts, (quar.)—:——
7%
12-
25c
(quar.)—;
Corp.' (year-end)
——
Hecla Mining Co.—,
Hercules
4
12-15
common,
Extra
Kress
12-20
1
1-
t>0c
(irregular)
Hazeltine
Helme
12-
12-15
$4
37J/zC
(quar.)——.
Hazel-Atlas Glass Co.
,
1-20
15c
Stores,
Koppers Co., 6% preferred (quar.)
Kresge (S. S.) Co
Harbison-Walker Refractories—6%
preferred
(quar.)
:
Harfisburg Railways (year-end
Hartman Tobacco, $4 prior pfd. (accum.)..,
Havercy. Furniture,. $l*/2 prererred (quar.; —
When
Payable
30c
25c
$l'/a
Kleinert (I. B.) Rubber (year-end),*.„
3
12-15
3
1-
$1.12 Vz
(quar.)
Per
Hume of Company
of Ree
Payable
20c
Co.
share
hoiaert
When
ter
than
Name of Comvana
Hamilton
2293'
Ltd.
Co.
12-31
$20c
$12c
11-12
—
—:
—
1-25
12-31
i$l'A
1-25
12-31
40c
common
preferred (quar.)
1-15
12-15
12-10
"
$2.55
12-23
12-10
12-23
12-10
On
T>_1«S
1*>-
1
$iy2
12-15
12-
X
25c
12-24
$2.97 y2
1
•
>
j
-.NO
12-14
Extra
Midco
Oil
:
Middle West Corp.
(irregular),,,,
(year-end)
'
Midland Grocery CO, 6% preferred, (s-a)^,
Midland Oil Corp, $2 conv. pref. (accum.),
Middlesex
5c
^—
Water
'
25c
30c
$l'/2
.12-15
11-20
12- 1
11-23
Norwalk Tire & Rubber,
$3
25c
1-1
12-15
12-27
12- I
Nu-Enamel
Oahu Sugar
Corp.
7%
.$1.50.
15c
pfd. (quar.)—
(quar.),—
(year-end)
—
"
Norwich Pharmacal Co
—_
87y2c
7l/s>c
35c
.
1-
11-15
3
12-16
12-10
11-19
1-
3
12-15
12-30»
12-15
12-15
12- 4
2294
,
Per
Ogllvie Flour Mills, common
Cities
6%
Water
preferred
Ohio
5%
Ohio
Oil
$1.75
Oklahoma
preference
Gas
&
(quar.)
Gas,
5%
11-13
Putnam
11-13
8%
preferred
Ltd.,
12-20
12-10
12-15
11-30
______
_____—
Extra
w
-•
_————--
participating preferred (quar.)—_____
Onomea Sugar (year-end)^—"
7%
Ontario
12-21
12-
8
12-
8
12-23
12-10
Real
Estate Loan
(Canada)
Mills, 7%
2nd
preferred
1
12-15
Real Silk Hosiery
11-30
11-30
12-15
11-30
12-15
12-
Reliable Stores,
1
5%
1-15
convertible
preferred
Reliance Electric
I-15
1-
3
12-
1-
1
1
1
Reliance
&
Extra
—
—
12-
3
Steel
12-15
18c
12-10
1-
2
12-15
1-
2
12-15
1-
————
12-15
12-1
12-21
12-
3
12-10
12-
Co.,
$4.50
Reo
Inc.
Steel Corp., common.—.
conv. prior preferred (quar.)..—.....
Rice Ranch
1
Paramount
Oil Co.—
Park
&
Tilford,
Cos.,
Co.'
;
(quar.)—
common
12-15
Riley Stoker
11-19
Risdon
12-10
12-
12-29
12-10
River Raisin Paper ;(irregular.'.■»%
Riverside -Metal Co....
—.....I—r i, -■>
12-20
12-
1
12-20
12-
3
50c
-
2
12-20
12-23
12-10
——.—1
$1
4%
preferred
(quar.)_.
preferred
I-
4
7
12-
1
12-
$$1
12-15
11-30
$$1%
$lc
12-15
11-30
1-10
12-10
$3
.
Peabody Coal. 6%
3
1-15
$1
Patchogue-Plymouth Mills
Paton Mfg. Co.,
common (quar.)————
.,,7%
preferred (quar.)—
Paymaster Consolidated Mines, Ltd. (interim)
1-
12-10
(accum.)——r
1-
11-
2
1
Robertson
(H. H.)
Robbins
Myers, $1(4
$1(4
$3
75c
Peninsular
50c
1-1-44
12-15
35c
2-15-44
2-5-44
30c
25c
12-15
12-
12-10
11-16
12-10
_________
$1.40
Telephone, common (quar.)—.
cumulative
A
class
Electric Switch Co.,
Penn
Pennroad
Corp,
—
Pennsylvania Bankshares
$2.50
(quar.).
class A (quar.)—
—
preferred
Securities
&
(accum.)
Corp.
..."
,
12-
1
1
Safeway Stores,
5% preferred
'
11-22
>
50c
St.
Joseph Lead
11-30
preferred (s-a)
'
*»*..-
St. Lawrence Corp.,
St.
12-15
4% conv. pfd. A (accum.)
Paper Mills, 6% pfd. (accum.)
Lawrence
6%
preferred
(accum.).,
Bridge, 6% 1st preferred (s-a)—-
2nd
3%
——
preferred
(s-a)
St. Louis Public Service Company—
$5
11-26
$1(4
$1(4
12-13
11-20
12-15
11-30
Savannah Electric
25c
12-29
12-10
1-3
12-15
: l- 3
12-15
1-3
7(4% debenture B (quar.)—.—
:
/
;l-.3
7% debenture C (quar.)
1- 3
6 (4 % debenture D ! (quar.)—
$1% f L I- 3
Schenley Distillers, 5(4% pfd. (quar.)
$1%
1-3
Schiff Co., common (quar.)...—
25c
12-15,
Extra
—,—'
50c; 12-15
5(4% preferred (quar.)
$1%
12-15
Schlage Lock (quar.)—
12(4c
12-15:
Scott Paper Co., common (quar.)——^
45c
12-13
$4(4 preferred (quar.)—
1—
$1 Ve
2-1
$4 'preferred' (quar.)
-:.V •' $1 •' -• 2- 1
Pennsylvania Industries, $6
V
pfd. (accum.)—
Pennsylvania RR."(year-end)
_______
Pennsylvania Salt Mfg., common (irreg.).—
Peoples Drug Stores (irregular)—.——.
Pennsylvania Water & Power Co.—
(quar.)—
preferred (quar,)
Peoples Gas Light & Coke—
-Peoria
Water
Works, 7%
Co.
Pet
Co.,
Milk
4(4%
Petroleum
Extra
:
Inc.
12-10
12-10
12-13
12-
——35c
&
11-20
12-15
12-
4
Scranton Lace Co. (year
12-15
12-
4
Sears,
25c
12-15
12-
1
35c
....
11-30
Plymouth
Pollack
Oil
&
non-cum.
Shamrock Oil & Gas Co.,
12-31
12-31
11-30
1-10
12-15
12-13
11-29
12-
10-14
2 (4 %
—...
6
12-15
12-
4
Steel
$1
12-10
11-23
12-14
12-
12-27
12-15
(interim)————.
Sherwin-Williams of Canada, 7% pfd. (quar.)
2*
2nd
12-15
11-19
Simmons
12-10
11-23
Simms
12-21
11-26
Simonds Saw
25c
12-15
11-24
Simpson's Ltd., 6(4% preferred
Singer Mfg. (quar.)———
1-
3
12-15
Public
$1%
12-15
12-15
SWly OU Co.
15c
12-15
12-
pfd.
(quar.)
—i—
Inc
1
12-10
preferred (quar.62'4c
1-
(quar.)—.:
t5c
$6
—
J$l34
1
12-10
1-15
12-15
1-1
II-30
$1(4
12-15
II-24
50c
12-15
12-
1
$5
(quar.)
Public
12-15
11-30
$1(4
12-15
11-30
25c
12-31
11-29
$1(4
12-15
11-15
50c
12-15
11-15
Southern Natural
50c
$1%
—
—
(quar.).
preferred
preferred
7%
Service Elec. &
1-14
12-15
Southern
Gas, $5 pfd. (quar.).
common
voting
Common
(quar.)
Southern
6%
Canada
partic.
Power,
preferred
Pacific
Gas
Co.
common
Southern Pipe Line Co.
Phosphates
$1(4
12-31
Railway
12-31
11-29
50c
12-23
12-13
5% non-cum. pfd—
Southland Royalty Co. (increased)—..—_
Southwest Natural Gas, $6 pfd. A (accum.)
50c
12-23
12-13
Southwestern
12-20
Quarterly
Soverlgn Investors
$134
1- 3
12-15
12-
6
(year-end)
11-30,
$1%
12-15
12-
20c
,
12-17
1
12-17
Is
•
;.*•
u
12-15
-.12- 1
$iy0
12-15
12-
37V2C
$1
12-15
12-, 1.
75c
12-24
12-14
50C
1- 3
12-18
15c
12-22
$1
12-,8
prior
Salle Street
La
Realization
(quar.)
Corp:
■
Corp... (liquidating).
(year-end)—
Carbon—.
Co.,
75c
—
(year-end.)_
common
(quar.)_
,
6%
class A preferred
Gold
Equities
of
(quar.)__:
Canada
(irreg.)—
34%c
1-15
12-20
2-15
12-20
12-24
12-13
12-22
11-29*
Merchants &
preferred
30c
35c
12-
United Public Utilities Corp., $3
11-15
20c
$2(4
12-15
S.
Bobbin
Cold
(Dallas) -j-
4%
1-12
11-30
U.
S.
United
11-30
11-20
&
t5c
-v
•
1- 3
12-10
12-30
12-15
12-27.
1-3
12-15
12-
7
53c
1-
3
12-15
50c
1-
3
12-15
1-3-44
12-17
$1(4
4-1-44
3-15-44
7-1-44
6-15-44
50c
11-26*''.
preferred
$75c
'
..v
12;.
4
12-18
11-
4
7%
pfd.
(accum.)
_
1-10
12-20
$2.25
12-10
11-24
$2.06(4
pfd, (accu.)
(accumulated)____
Shuttle,
12-15
7V4%
$2(4
—
12-10
12-13
S.
12-10
$1(4
12-15
u.
1
58 V3C
y__
3 5c
U.
11-30
12-10
•
$1V4
$1.25
12-22
:
12-
„
(quar.) '
Common (quar.) :
$2.75
1
12-15
•.
11-3Q
50c
United Molasses Co., ordinary (interim)
United N. J. RR. & Canal-(quar.)
2
4
12-
12-15
Mfrs.—
5% preferred (quar.)
5^e Preferred (quar.)
1-20
1-15
12-20
12-
:
12-10
,..$1(4
•
United
5%
,12-15
30c,
25c
»
Investments—r...
United
7*
3
,
6
12-3
12- .1
3,
1-
30d
Fuel
United
1-
-
,
•-
12-15
95c
:
12-
1
11-29*
1
$1V2
__
11-20
1~
-I-
20c ;
..
—
RR.. (quar.)
United Elastic Corp.^quar,)—-it'
United
4
.•>-
Film Corp.—
__
Extra •"
2rl5
4
1-
United-Carr. Fastener ^ (quar.)%%—^--4—_y_
2-15
12-
i-1
Tubize Chatillon Corp,
South
12-15
1
4
25c
12-20
1-14
12-10
12-
12-10
$134
12-15
1-15
35c
10c
12-12
(initial quar,)—(quar.).—y_4_—«r—.w-was formerly known
37(4c
12-29
11-24
$1.75
company
11-30
50c
$1
11-20
12-10
.
12- 4
12-10
-
12-10
12-10
$4
12-
25c
20c
12-20
50c
'
v".
12-15
12-
50c
(year-end)
Co.,
Co.
,
*
:
11-25
12-15
12-20
:
Southern
$1%
(quar.)
9
,
$$1(4
Southern
1st
;
J2-15
o
,12- 7
$1%
Twentieth Century Fox
Common (year-end)
$4.50
3
11-20
—
50c
(quar.)—
(year-end)
(year-end)
Insurance
above
as
1
3
12-
—a
Illuminating Co.4;_4____4__—
United Light & Railways Co,, (Del.)—•.
7%
prior preferred (monthly)
;
6.36% preferred (monthly)
6% preferred (monthly
(quar.)
Corp.
(quar.)_—^
(quar.)—
preferred
,
12-
1
20c
preferred
The
1
1-
,20c
1-15
...
11-15
7%
,7%
12-3
1-
,
10c.
Steel Gorging——4-
,
'
11-26
$66c
—
preferred', (quar.).—
r, $1.50
conv. preferred
(quar.)
Twin Disc Clutch (quay.)_
;
—_——
1,
12-15.
12-10
.
$1.12(4
—__
11-29
Life
3-
12-10
11-26
-30c
•
Tubize Rayon Corp,,.new
v
12-3
,
3
.1-
,12-10
Insurance
Company, .common
3
12-15
$$13/V
v
Extra
'
-7%-
12-
-12r22
1
12-17
•'
'.12-15
,
$7(4c
';
————
Edison—
preferred B (quar.)—
original preferred (quar.)—
5(4% preferred C (quar.)
11-15
7%
-
.,
5%
12-15
12-15
$2
non-voting (quar.)
original preferred fquar.)
preferred
Southern California
$1%
:
preferred (quar.)
Publication. Corp.,
Southern
1- 3
3-1
;•
12-27
3
3
12-
,
35c
>
(quar.)—
,1^.,, ITnion,,,Sugar!> X quar, )_„y——
41-30v,A, Unfoh,;Wjre. Rope Corp.. (.quar,)__
.—__n,
11-30
.^ Vnited Aircraft Corp.common—_r___4___:
;.
12-10
10c
Coal, .common-—
5(4%. preferred (quar.)
./
12-
12-
12-15
12-15
$1(4
37(4c
—
Pennsylvania Pipe Lines.—__
Advance Bag & Paper (quar.):___
1-15
.
12y 3
...: >. 25c
„
—
(quar.) _4——& Greenbush RR. (s-a)
-
Trion
1-17
12-'6
12^15
75c
,.
Truax-Traer
■
,
(quar.)..—
6%
-
12 (4 c
West
2- 1
Hampshire—
(monthly)
(monthly)
7% preferred (quar.)
:
8% preefrred (quar.)
6%
preferred
Troy
11-26
•
12-27■
75c.
12-
.
,12-15
,
$1(4
37(4c
—
Water Co.—
Pittsburgh
4(4%
$1(4
New
(quar.)
preferred
6%
South
—
—
41 (4c
quar.).
Public Service Corp. of New Jersey—
Common
Power, $6 1st pfd. (quar.)—,
Greyhound Lines, com. (quar.)
Extra
12- 6
.12- 6
1- 3
15c.
South Carolina
Southeastern
12-23
$1
$1
preferred B (accum)
——
Manufacturing Co. (irregular)—
South
of Colo.—
$1(4
4-6%
Soss
.
Williams
11-13
1..
ioc
Corp.', (resumed___—.—
&
Travelers
JJnion .Pacific
5c
2-
:,,$l(4-
Elevators, Ltd.,,5Vi%, pfd. (quar,)
Transue
6
12-10
■
$3
(year-end)
Toronto
Union Investment
7.6%
preferred
—
,12-
$1
$1(4.
Brewing, Co.:,(irregularK_^_4_„
Trans-Lux
1
11-13
'
(year-end>_
Tivoli
,r
12-
,
12- 6
10c
11-24
^.
12-3
12-1
12-15
Time,
,
12.- 6
12-17
12-10
,
11-23-
.
3
12-15
$15
,
(quar. )____
com.
11?3Q
Sorg Paper, 6% pfd. A Uccum)——...
4-6% preferred B (accum.)———
;.
—.•
Oil,
1
'
(quar.)i—-—
11-
12-20
—
preferred
Roofing, common—"
$1.40 convertible preferred
Union Carbide &
1-15
3
$4.50
•
.1-
15C-
.Tilo
11-12
$$1(4
12-
Tide Water. Associated
11-26
12-14
•
50c
25C;
\
com.,
12-15
Sonotone
11-20
25c
11-23
-
12-
12-15
r.
(quar.)___,_______.
Underwood Elliott Fisher Co.
—20c
(quar.)
Inc.,;
12-31
1,
$1.45
«
(year-end)—
11-24
12-15
11-30
2»
15c
Counsel
,
1.
11-24
*12-15
12-10
12-10
12-10
;
(quar.):_L_-___4__---___^yL4.
Investment
12-15
;
12-10
3
12-10
commop. (quar.)___-_y—_—
SI (4
12-20
Corp.
Co.,
—•
10c
11-24
1-3
1-
12rl5
($100 par)__———
Ulen
75c
12-15
10c
(year-end)__——
208
—
12-15
1
1-
y$10c
•
y_—
11-24
50c
—'
12-10
■12-15
■
11-20
Corp.—
Co..
12-17
1
12-27
68%c
(interim)___
—4-
12-15
12-15%
—————
—
O.)
12-15
50c
4$3
$1(4
1-15
1
of
(A.
Aircraft
12-15
2-
12-15
(quar.)
——$l(4c
(quar.).—
Mines
11-15
12-27
____y
Thompson. Products,
$5 conv. preferred
■
11,-29
,12-15,
1-15
12-30.....
12-30
50c
Pacific. Land Trust—:
Third
11-30
,,
■i'
$2Qc
Inc. (year end). ___l
Tip Top Tailors,, Ltd., common (quar.)
'7% '• preferred (quar,) _________
12.
9
10c
Sulphur Co.. (quarterly)
preferred
12-10
,
12-
$62 %c
Ltd.
—
(accum.)—
$75c
(quar.)
1
Co,
Siffith
$1.35
—
Gold
12- 8
12-10
—i—60c
Extra
Solar
1-
Service
Steel Co....
&
Siscoe
1-
preferred
preferred
$5
Co., (liquidating).—
Petroleum
11-29*
3
25c
Co.
Optical
Co.
1-20*
12-15
1-3
Silex
$3
..••
'f 11-12
12-13
12-10
Shuron
12-22
common...
(initial
}$1%
12-10
12-10
9
12-20
10c
—
Extra
'
12-11
12-22
*3c
—35c
(year-end)..——
—25c
Co.
(year-end).
—.—a—
50c
3
4
$2(4
1..
5c
——.—
1-
6(4c
Service
—...——
Mines
1-
25c
...
Common
Co,
Gordon
$134
Price Brothers & Co., Ltd., 5(4% pfd. (quar.)
Procter & Gamble Co., 5% pfd. (quar.)..—.
Protective Indemnity Co.
Public
Mfg.
12-
1st preferred (quar.):
5%
—...—
Sheller
Sherritt
12-15
Preston East Dome Mines
(year-end)——
60c
———25c
Corp.
$134
10c
(interim)..!
partic.
Car,
Extra
Oil
50c
(irregular)....
Preferred Accident Insurance
5%
'60c:
Union
1
12-
12-31
(quar.)
Thermoid
12-11
1- 1
11-19
12-10
12-21 .,,12-1
12-. 1
.12-21'
12- 3
12-15'
12-15'.; 12- 3
11-27
12-11
$1.25
25c
10c
Extra
Shell
25c
,
...
——...
Pressed
preferred (quar.)——
Sharp & Dohme, Inc.-.
————
Shattuck (Frank G.)
Co. (quar.).,
conv.
12-
62V2C
Sub. shares. ($1 par)y______^
12-15
.
$5
Mines,
Texas & Pacific Rwy,
.12-15,,
j
11-27
1
12-20 :
•$1(4
.
11-24
..,1- -$
1-
35c
—
12-10
12-15
6%
11-27
12-15
$3c
11-26
preferred (s-a)—.. $3
,
1- 1.
6% conv. preferred (s-a)_—_30cv
1- 1
Sharon Steel Corp., common.———.—
25c
12-23
$1
preferred
1st preferred (quar.)
6%
common^..—10c...
12-10
1
12-17
,12-15
50c
Certificates prof. Int.
11-12
12-15
10c
————
-.Extra
,,
,12- 1
1
1-3
;
50c
-
Products
Co.
Texas
.
1-20*
12-15
12-15.
3
25c
—
Texas Gulf
.
.11-30
11-20
11-20
25c
(year end)
Texas Water, $6 prior preferred
Texon Oil. & Land
12-
1-
5C
—
common
11-26
.
12-20,.
pfd. for each 100 shares held-—
par
Texas
,12-15
11-27
1-
Power Corp. of Canada—
6%
v
.
,
11-29
,
12-13
1
11-26,
12-15
.
ioc
a__——_________
(year
12-
12-10
>
12-15
25c
30c
11-30
12- 6
10c
——
Alexander
class A (quar.)————;—^
Class B
(quar.)
$2(4
(year-end)..—10c
Paper Box Co., 7%
Powdrell
Serrick Corp.,
$1(4
62c
12(4c
22c
1-10
Chocolate
Co
prior preferred (quar.) —i———wL?'
Co. (year end)—————
$2(4
r'
11-19
$5c
Pittsburgh Plate Glass Co. (year-end)
Pittsburgh Screw & Bolt—
Wine
class A pfd. (quar.).
5%
Seiberling Rubber,
Selby Shoe
1
12-ia
1
(quar.)
Milling
Tech-Hughes Gold
11-30
12-15
•
1- 1
75c
Inc.——,
12-15
1-
Taylor
.11-12
12-13
50c
________
Valley
Seeman Brothers,
/
.12-20
.
11-30
1-
:
5(4%■ partic, preferred (quarl)—a.—%.
Inc., (stock dividend), one share $10
12-10
12-10
12-10.
40c
$K4
—.
—„—
$1%
(quar.)
preferred
(quar.)
Pittsburgh & Lake Erie RR.
Pleasant
_L——
Extra
.12-14
$1(4
______
Tamblyn (G.) Ltd., Common
5%. preferred (quar.
.
12-10
12-14
.
12-15
12-15
Talon,
;
11-30
12-20
12-20
30C
(James) lnc.4
12-20
25c
1.> Technicolor, Inc. /,(year-end)
12-10
12-10
$1
20c
50c
Ltd.
Stevens
Extra'
■/'
v
(quar.)
(quar.)
'::
3
75c.
——,
Co.
3
12-27
IOC
Telephone Bond & Share— •
7% 1st preferred (accum.)__
Tennessee' Corp^__
i,;.
2
20c
50c
Extra
12-10
y
.
$75c
1-
1-
$ 15c
(quar.)-
.
:''.
$2(4
(irreg.)
7%
&
1
12-31
•
Nut
1
12-
25c
s,
Development,
1
12-
.......
Pittsburgh Brewing, $3(4 preferred (accum.)
Pittsburgh Coke & Iron Co. (year-end)
Pittsburgh Forgings Co
Pittsburgh Fort Wayne & Chicago Ry,—
Placer
12-
3
1- 3
1-
11-30
(interim)
Pinchin, Johnson & Co., Ltd,r-r,
Ordinary shares (interim X^
Planters
12-10
12-31
.
Common
11-25
30c
—
Mill
12-10
(quar.)—
Exploration
Pioneer
11-22
end)..—w..——i-;t
12-17
,
Talcott
6
12-10
•
(quar,).:—75c
& Clark (quar.)
75c
Roebuck
Scudder
11-22
6
...
Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia & Trenton RR. (quar.)........
Pilgrim
6
12-
(quar.)—$1(4
$1(4
Philadelphia Electric Co., common
$1 preference common (quar.).
Butler .Radiator
;
12-
$1
X
25c
40c
.....
■;
Philadelphia Co., $5 preferred
$6 preferred
(quar.)
1-
12-31
,
(accum.)_
end)
5% preferred (quar.)
Taggart Corp, $2Va preferred
12-15 •;!;
.
—
12-10
_________
Pierce
12-1
12-11
Power————.
Mines
2
12-
$1 (4
75c
Tecumseh
v-
$2
$l7/a
Sl3/4
1-.3
12-15
$1(4:1
pfd,
12-1
12-31.
37(4c
—
12-17
$3
,
Paper.
Class A
.....
.
V
Co.—
11-27.
8
60c
12-10
—
25c
& Co.—
Gold
Power
12-
12-15 6
1- 2
12-15
,
(quar.)_...^_._.__
1
:
Dodge Corp.—
Philadelphia Bourse (year-end)
Crow
&
A
50c
(quar.)
Phelps
Pickle
—
—
debenture
12-21
*
...
Corp.
8%
25c
(quar.)—;
...
Quarterly
25c
$1.06(4
....
Philco
12-21
12-11
12-20
(quar.)...
Exploration Co.
Heat
1-15
1-3
12-20
(quar.)—..—.
common
(accum.)
•
50c
—
(year-end)——
(Charles)
Extra
-
(quar.).
*
■
Peroleum
Pfizer
—...
preferred
Paul
:
^
preferred
dividend
Permutit
Peter
^
——1 %
Pepsi-Cola Co.
Stock
:. $1
$1.25
$1
$1.75
———
$5
•
;
..
Common
preferred
RR., 7% non-cum. pfd.—
San Francisco Remedial Loan Association—
4
12-15
12-10
7%
Utah
&
12-
80c
(quar.)
Steel
Extra
12-27
Salt Lake
1-
11-30
(.s-a)—
Sylvania Electric Products
'
12-15
12-15
25c
$1(4
common
11-30
12-15
_______
Co.
Swift-.,.&
12-'!
12-21
1-15
12-23
12-23
1
(quar.)—
(quar.)—.;————
preferred
Oil
Extra
%
11-26
Pennsylvania Glass Sand,
,12-15
$$2(4
12-27,
1-15
St. Regis Paper,
1-15
50c
:
(year-end).__
Co., common
preferred A
Sutherland
12-23
12-15
5%
Screw
12-31-
$1.25
87 V2C
(Ohio), 5%! pfd. (quar,)j.__
(increased)
Supersilk Hosiery Mills, 5%, preferred (s-a) 1
4
12-18
1
11-15
12-
12-18
1- 1
1- 3
12-10
,
11-15.
12-15
held)—
30c
12-
25c ;
$1%
■ '$7-;
10 shs.
each
Corp.______ri.^._-____——
v.,
.
12-15
Superior
:
(irregular)—.—
11-15
50c
,
12-10
11-30.
12-15
(1 sh. Consolidated Natural
12-1 y,vSylvanite Gold Mines,(quar,)--.
12- 1
Tacony-Palmyra Bridge, common
3
11-15
12-15
50C
11-29
11-30
3
Class B
Co.
12-15
25c
Extra■,-----r——
12-4
,
1
25c
(quar.).—
(New Jersey)
(s-a)...—
(Ky.)
12-14*
12-23
;
12-
Sunray Oil Corp.
Sunshine Mining
,...
12-10
1-
and
Sun
1
12-10
1-
A
4
n-26
12-
12-10
Pennsylvania Edison, $2.80 preferred (quar.)
70c
$5 preferred (quar.)
—$1(4
Class
,
11-23
12-10
1-
12:
12-23
$1(4
$3
50c
$25c
+75c
^ 75c
$3
$1(4
12-15
stone & Webster,; Inc.i__'_
strawbridge & Clothier, 5%
$5 preferred (quar,),.
-
12-11
$1
(quar.)..
St. Croix Paper Co., 6%
St. Louis
Pensylvania-Dixie Cement Corp—
$7 conv. preferred series A (accum.)—
■-L
-
12-
(quar.)—75c
common
11-25
Corp.— : : ; v ;V
preferred (quar.)
Stedman Brothers,.Ltd., common (quar.)-6% conv. preferred (quar.)—
;
Steel Products Engineering (quar.)—
^terchi Bros, Stores.,, 6% preferred (quar.)_
•/, Stix Baen & Fuller Co._
1
$1(4
...
—
12-15
5%
11-15
—
Extra
12-10
11-25
55c
•
Stecher-Traung Lithograph
.12-10
partic. pfd. (accum.)
5% prior pref. (quar.)—$1(4
12-31
Roos Brothers (quar.)
50c
12-20
Russell Industries,. Ltd., common (quar.).—
$20c
12-27
7% preferred (quar.)
'$$1% 'i-. 12-27.
Russell Mfg. Co.
50c
12-15
Ryan Consolidated Petroleum (s-a)—10c
12-10
--Extra^ —i...—».—5c
12-10
12-20
\
$1
__________
12-31
12-14
.
...
12-10
,12-15
i
Quarterly
1
12-
Rockwood & Co.,
11-30
preferred
6%
&
Co
12-16
25c
Standard'Wholesale Phosphate.& Acid Works'
12-10
15c
$2
10c;,i
60c
12-21 v.
37(4c
12-15
•
75c . 12-15
(year-end).
common
Safety Car Heating & Lighting (quar.)
_____—
Casualty, 6% preferred (s-a)———
Penick & Ford, Ltd.__
Peaslee-Gaulbert,
Peerless
Mfg.,
6%
-
12-10
1- 3
12-15
12- 6
12-15,
$1.50
...
75c
-—'
:
1
:,
30c
(quar.)'—"
preferred
6%
Parker-Wolverine
Parrafine
Corp.—
(quar.).......
50c
$1 (4
—
Standard
.12-10
,..
lc
%
....
Works
preferred
40c
(increased quar.)_,
Pictures, Inc.
6%
12-20
.12-20
$3(4
—
12-20
Extra
,
12-8
12-
Oil
Common
12-10
,
Co.
Standard Oil Co.
.
Richmond Water
12-15*
T—
Oil
Gas for
.
11-19
,
(year-end).$1
25c
6%
$1(4
6% preferred A (quar.)$1(4
Rheem Mfg. Co. (quar.)
25c
Motors,
3
$1.12Va
(quar.)——
—
65c
; (year-end)
25c
(Indiana) (quar.)__^_^—,
preferred
Stock, dividend
11-29
...
(initial)
preferred
;,, % .Extra
11-19
12-10
12-23
12-15
1- 2
1- 2
12-14
12-20
1- 1
t 1- 1
12-15
'
12-15
Republic
I
12-15
,12-15
30c
30c
$3
(interim30c
$ 1 Vs
•
1-
,
Standard
'
,
11-19
.
25c
—-—
prior
Extra.
12-15
.
1
12-15*
11-15
11-19
.
5
3
11-15
11-30
(year-end)—
112-
1-
12-15
12-15
...
1-15
12-15
$1.12
12-15
12-15
12-15
common
75c
$1VB
—
Standard; Oil of California
30c
(irreg.)
Corp.
preferred (s-a)
Remington-Rand, common
$4(4 preferred (quar.)
12-10
12-20
12-21,
•
(Phila.)
5
—
Extra
12-15
,12-15
,
1-
,
11-29
1- 3
30c
3
1-15
standard. Oil Co.
(accum.)
$$3.25
(s-a).• 30c
preferred
Co.
6%
6
12-20
pacific Indemnity (quar.)—_______
—
50c
; Extra ———
———
10c
Pacific Mills (quar.),————
————
50c
Pacific Western Oil (irreg.)—1———
40c
Package Machinery (year-end)^———'
$1V4
Page-Hersey Tubes (quar.)——$$1(4
Pamour Porcupine Mines (interim)—
$5c
Pan American Airways Corp. (year-end)
$1
.Extra,..
Stahl-Meyer,
„
12-21
-
3
12-
75c
12-23
37(4c
(quarterly)
12-
12-17
12-15
$1
.
12-15
75c
Staley (A. E.) Mfg., common (year end)—
$5 preferred (quar.)_—_——
Standard Brands (initial quar,;
11-18
12(4c
r
Engineering.......
6(4%
Remington Arms
11-24
3c
;
(quar.)
6
12-16
(s-a)—50c
Telegraph Co.
Aggregates
1
Standard
Extra
11-10
12-
.
...
.
Coast
2-
11-30
30c
Extra
11-10
1-
pfd. (accum.)__
(quarterly)
common
11-23
& Atlantic
t$l
$4
(s-a)
(Birmingham, Ala.)—
Non-cumulative preferred
12-20
Pacific
1
Realty Mortgage
12-15
$6
Pacific
50c
(quar.)
12-15
$1
12-
12 %c
Spiegel, Inc.,'$4Va conv. pfd, (quar.)—___
Springfield Fire & Marine Insurance (quar.)
11-30
Otis
(irreg.)--,-.
11-30
50c
& Sons—
Trask Fund
—;
Corp. (year-end)
—
Spicer Mfg. Corp., common.—
$3 preferred (quar.)_____
1
12-15
12- 9
1-13
1- 2
12-11
Insurance
Fisheries——————
12-15
Kellogg
Spencer
3
Raybestos-Manhattan (irregular)$1
Reading Co., 4% non-cum. 1st pfd. (quar.)..
50c
11-30
Grain,
Plantations Co.
50c
....
Reliance
Sugar
12-
12-
•
11-27
.....
Reliance
American
12-15
1
12-10
Year-end
1
Pacific
25c
(year-end)
12-
12(4c
12-15
Packing
11-23
Paauhau
12-1
'
(Boston)
12-21
$15c
$$1.25
25c
Sperry
Oil
12-
Light Heat & Power Co., com. (quar.)
preferred (quar.)
Spencer
preferred
12-20
5%
11-20
12-10
12-10
...
12-10,
Ottawa
12-10
12-20
1- 1
1-1
12-10
12-15
11-27
Rath
12-11
Elevator, common (irreg.)—;—.—35c
preferred (quar.)
:
.—$1V2
Ottawa Electric Ry. (quar.).—
——
$50c
4
75c
$1(4
$1(4
25c
25c
12-10
12-15
2-15
12-
Sparks-Withington Co.—
6% convertible preferred
>12-24
2-29
12-15
Quaker State
12-31
7% preferred (quar.)—______—$$1%
Orpheum Building Co, __——i—
20c
12-15
11-29
(quar.)...
75c
(quar.)
$1(4
Refining Corp.25c
Co._.__
25c
6%
11-30
12-15
2-15
1
$1(4
12-15
Pyrene Mfg, (year end)
Quaker Oats, common (reduced)
12-31
$25c
(quar.).—
Products
Steel
12-
(quar.).—_——
50c
Co.
......
12-15
1-
12-15
—$1
•
(George) Fund
Extra
12-31
$2
18%c
18%c
43%c
40c
(quar.)__—.'—_—,—
common
'
$$1V4
Sovereign.Life Assurance 25%
....
of Reo.
paid (annual)
■
11-29
(quar.).
Pyle-National
4
.
Oneida,
Company
11-27
........
12-
common
Name of
•
1-15
12-15
Co., common (year-end)....
preferred (quar.)
preferred (quar;)—...
12-15
(quar.)__,.
Natural
6%
11-17
When
Payable
<
of Reo.
Holders
Per
share
Holders
When
Payable
,
$1(4
(quar.)
Oil
11-30
11-17
12-15
6%
Electric,
preferred
" '
share
...
25c
pfd. (quar.)
$1 Ma
______—$1%
(quar.)___
35c
$3 preferred (quar.)
75c
$5 Va conv, prior preferred (quar.).J—
$1%
Oliver United Filters, class B (year-end)—
50c
Omar, Inc., common________
, ■
1
10c
6% preferred (quar.)_;——1
$1*4
Omnibus Corp., common (resumed)—,—25c
7%
Oklahoma
Pure
12-15
12-15
4
-
——
Inc.
Year-end
60c
43%c
,
___
__
12-11
12-22
'25c
___
(year-end)
common
3
•
Puget Sound Power & Light, $5 pfd.
11-26
12-22
$lVi
$1.50
$1,25
'
______
Tube,
1-
$3
-
•
,
Name of Company
Pullman,
(accum.j
A
.
prior
V
Co.—
class
__
Seamless
1- 3
.
1
of Reo.
$25c
_M
Extra
Ohio
Holder a
Payable
(quar.)
Confection, $2*4 class A com. (accum.)
Finance Co., 6% pfd. (quar.)__.
prior preferred (quar.
•
Ohio
When
share
Name of Company
Ohio
Monday, December 6, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
12-10
11-24
$7
12-10
11-10
50c
12-29
Storage Corp.—
partic. preferred
Freight
States
Co._
Graphite
(quarterly)
—
Co
25c
20c
12-
7
12-15
12-23
11-26
12-
1"
j
Volume
Number 4235
158
THE COMMERCIAL & FINANCIAL
Per
Share
Name of Company
United
States Gypsum,
7%
Pav'ble
(quar.)
common
preferred
When
United States Pipe
S.
U.
S.
U.
50c
U.
Co.,
preferred
50c
preferred A
12-17
12-
12-17
12-
3
$1.25
1-15-44
$1.25
6%
preferred
Oil
Utica
5-25*
6-10-44
Other
bills
12-15
12-
1
Industrial
25c
12-15
12-
1
U.
62V2c
■
12-
5
12-
12-14
1-1-44
12-27
20c
12-10
advances
Govt,
10c
•
12-
$6.50
preferred
1-3-44
12- 7
Van
$1%,
12-15
12>
Co.
Due
from
(quar.)—
Common
.
...Extnf
5,000
170
+
12-
4
12-
4
12-10
11-24
Bank
12-20
12-10
Other
$1.75
12-10
50c
__
1212-
12-10
+
3,069
12-30
.
12-15
securities,
guaranteed
2-1-44
'
6%
preferred
(quar.)
6%
preferred
(quar.)
12,500
657,437
+1,127,926
1,536
+5,823,876
U. 8.
—•
10,511,281
37V2c
5-1-44
8-1-44
65,990
1,736,308
38,287
—.
assets
63,394
assets
32,618,695
Common
(irreg.)
$2%
12-20 '
12-10
$1%
3-20
3-10
.1-20
1-10
4-10
—
(irregular)
7% preferred (quar.)
7% preferred
(quar.)———\
tVaco Aircraft Co.
__—
—
1~544
•
Amulet
Mines
>Vabash-Harrison
Wailuku
Waldorf
i
Common
Ware
Mills
25c
j$l
12-15
11-12
$25c
12-15
11-12a
(s-a)—_!
30c
12-29
Mfg.,
$2.50 class B
$1.35 class A (s-a)
—
Juice
Co.,
(quar.)
7% preferred
7%
preferred
preferred
West
Indies
12-22
—
—
-v
12-14
11-15
$1.75 2-29-44
2-14-44
$1.75 5-31-44
8-31-44
Common
50c
(s-a)
12-16
12-
12-16
Y.
Pa.
&
preferred
1-
Ry., common
Weston Electric
Instrument
Water Co.,
6%
&
7%
Co.,
Baumer
8%
'
1-3-44
12-20
11-19
12-10
11-26
50c
12-10
11-12
$1.50
1- 3
12-11
V
t20c
pfd.
37%c
12-15
Wilson &
Co.,
Wisconsin
—
preferred
$6
+
+
12-17
+178,848
269
Transacted
Bankshares
5,320
20
National
1-15
1-
1-
3
160,411
+
2,909
100
26,829
+
48
10
+
35,151
88,850
566
65.6%
+179,683
—
+
69th
3
12--1
125c
1-2
,12-1
20c
12-10
11-30
$1%
2-
1
.2%
—
14.3%
+
155
—
Aiken
Aiken
25c
12-15
in
securities
882
Amro
Paper
Amro
Paper
200
John F.
$1 lot
Realty
Co.,
$2 lot
common__
$2 lot
Co.^
$1 lot
$3
series—
$2 lot
Hotel
Corp.,
preferred™
$1.10
Hotel
Corp.,
preferred
$1.10
Co.,
($100
Co.,
par)
($100
$4 lot
par)
Inc.,
$4 lot
common
$1 lot
Corp., preferred
Corp., class "B" common
Corp., preferredLavashower Corp., class "B" common
Gillespie-Pye-Gray Co., Inc., cap. ($100 par)___
$1 lot
Lavashower
$1 lot
Lavashower
60
$2 lot
$1 lot
$1,000 lot
Transacted by R. L. Day & Co., Boston, on
>
Wednesday,
Dec. 1.
Shares
15
356
37
;
10
increased
30
Somerville
Old
State
10
Gas
Kernwood
Gold
of
Electric
Elks,
and
Circle
2nd
sub.
28V\
$10 lot
($1
A
par);
4
mtg.
6s,
King
Realty
April,
1940,
coupon
on____
Co.,
Kernwood
Detachable
Stator
10
I.
20
The
B.
Bit
$4 lot
Mines
($1
$6 lot
pan—l____—__
Corp.
The
3
Con-
8-10
Vermont
$17 lot
par)
($1
f
par)
$6 lot
$21 lot
Stamp
Co.,
Time
Ltd.
Touraine
($10
common
Stamp Co., pfd.
(50
Ex.
Co.,
cents
par);
($10
par)
par)___
Club ($50 par
Massachusetts RR. ($100
Ry.,
31c
Chicago
5
&
Milwaukee
2 Minneapolis St.
$1 lot
par);
($100
common
RR.,
Paul
&
3
Chicago
par)______
Pacific
St.
Paul
&
pfd.
($100
Pacific
Sault
Ste
$107% lot
RR.,
Marie
Ry. Co., common ($100 par); 5 New York Ontario &
Western Ry., common ($100 par;; 5
Philadelphia &
Reading Coal & Iron_„_
Utah
Consolidated
Mining
Co.
($5
$2 lot
$6 lot
Distribution
Chicago Milwaukee St. Paul
par);
$4 lot
$7 lot
par)—
Time
Northwestern
common;
$1 lot
*
par)
Country
&
<
A
($50
Inc.
($0.01
Automatic
Kernwood
1
&
Co.,
Co.
($1
class
Club
$1 lot
3
Corp.
Automatic
100
200
$1 lot
30c lot
$100 Boston Lodge
Country Club ($50 par)_,
Philip Mills Stockholders Receipt;
,531
3
par)
class
Kernwood
Country
Independent Mines
in
Co.,
($50 par);
Consolidated
7,000
100
($100
$ per Share
($100 par)___
common
&
Country Club
veyances
4
Company
Corp.,
'
Cameron Mfg. Co. ($100 par); 50 Utilities' Power &
Light Corp., common ($1 par); 35 National Electric
Power, common A; 3 Insull Utility Investments, Inc.
Bear Tractors, Inc.; 15 Stanley
Engineering, Inc
Order
2
Trust
Associated
10-1-29
3,000
■
STOCKS
Trust
$209,000,000
$2 lot
:___
Lavashower
125
on
$ per Share
par)
temporary ctf._.
preferred
Betz & Son,
Mining
increased
'
(no
common
Trust
Corp.,
Community
Community
Hotel
deposits-adjusted
Philadelphia,
par)
50c lot
15c lot
BONDS
$200
Boston City Club,
4s, July, 1945,
11-27
1-31
Street
92%
Federal
dealers
Lofland,
preferred
Fund,
Terminal
Media-68th
Tri-Utilities
92%
indus¬
being $321,000,000 in New York City, $104,000,000 in the
Chicago District, and $68,000,000 in the San Francisco
1-12
$1%
Street
25
4,988,212
Fund,
Carnegie Metals Co., cap.
25
32,618,695
&
/
Trustee
11
000,000 in the Cleveland District, and $552,000,000 at all
reporting member banks.
United States Government
deposits declined in all districts, the principal decreases
12-23
...
.
Barnes
Trustee
Faun
Demand
accounts,
STOCKS
National
+
New York City, $148,000,000 in the Chicago
District, $59,-
12-11
! 12-10
Gov't
Wednesday, Dec. 1.
+4,944,784
000 in the Cleveland District.
12-11
1-1
$1.75
$1.75
———.
8.
by
800
12-11 "•
1
1-
63
12,097
212
12-10
,12-27
.
85
+
Auction Sales
2,390
150,773
and
+
3
174,640
100
declined $73,000,000 in New York
City
$20,000,000 at all reporting member banks, and in¬
creased $22,000,000 in the Chicago District and
$17,000,-
12-1
$1
(accum.)—_
U.
ernment ".bonds
12-1
50c
___—
and
week
10
brokers
to
20
deposit accounts except
and
12- 3
12-23
12-23
$1%
—
.
4
75c
$2
_
12-
$1(4
'
(quar.)—
(quar,)
3
1-
.$1%
(quar.)
Products, Inc.
12-31
.12-15
(quar.)__
Willson
12-31
*
4'.
•
Willcox & Gibbs Sewing Machine (year-end)_
WilsU., Ltd.
11-19
3
50c
(initial)-
pfd. (quar.)__
preferred
Candle,
12-10
$1»4
.
——_—
Will
■
—
Water
12-15
11-26
50c
——
(George) Ltd. (quar.)
Weyenberg Shoe Mfg. (s-a)
:
__;
Wheeling Steel Corp., common (year-end).__
$5 conv. prior preferred (quar.)
White (Motors Co.
(year-end)
Whitaker Paper, common (quar.)——
7% preferred (quar.)_
Whitman (Win.) Co., 7% pfd. (quar.)_____
,
3
1-3
.
Westinghouse Air Brake (year end)
Westmoreland
1-
1-
:
Weston
11-30
$1(4
'
.
Wichita
121,043
+
$94,000,000 in New York City and $84,000,000 at all re¬
porting member banks, and declined $10,000,000 in the
San Francisco District.
Other loans for purchasing or
carrying securities declined $53,000,000 in New York
City, $18,000,000 in the San Francisco District, and $90,000,000 at all reporting member banks.
i
Holdings of Treasury bills declined $268,000,000 in New
York City, $61,000,000 in the Chicago
District, $42,000,000
in the Philadelphia District, and
$431,000,000 at all re¬
porting member banks.
Holdings of United States Gov¬
12-15
$l,/2
_
Western Tablet & Stationery—
5%
preferred
(quar.)
Western Union Telegraph, class A
3
12-10
10c
(s-a)—
6
12-13
50c
(S-a)_____
Loans
12-6
$1%
—
______
Western N.
5-15-44
8-15-44
25c
—
(irregular)
West Virginia Pulp & Paper (irregular)15c
Western Light & Telephone,. $1.75 pfd. (s-a)
87%c
5%
+
8,390
cities shows the
1
12-
12-28
12-10
—$1.75
(extra).
12-10
42c
_______
—
11-24
771
+
+
175,581
1,374,011
9,887
the
2,977
+
64
232,738
—
weekly reporting member
Reserve System in 101 leading
following principal changes for the week
ended Nov. 24: Decreases of $431,000,000 in
holdings of
Treasury bills, $739,000,000 in United States Government
deposits, and $341,000,000 in deposits credited to domestic
banks, and afP increase of $552,000,000 in''demand de¬
posits-adjusted.
v
of
+
505,248
23,430
The condition statement of
banks
1-15
12-15
20c
1
2-
-
s:
7
1-15
+552
6,031
792
demand
during
Condition Statement of Member Banks
5
12-
25c
_
—__
(quar.)
12-
2-1
$1%
common———
West Jersey & Seashore RR., common
West Virginia Coal & Coke (year-end)
.'
to
30
11-23
12-20
67%c
(quar.)__
(quar.)
Sugar
•Common
'
Debits
50
$iy4
33,201
—
100
7
585
—
—341
4
,1- 5
32
+
—141
180,935
+
4
—
8,605
12- 4
Washington Water Power, $6 pfd.
Waverly Oil Works
Wellington Fund, Inc. (irregular)
Grape
deposits-adjusted
deposits
Foreign banks
Borrowings
277,864
+
549
802
12-
12-
789
8,599
12-15
(s-a)_
Warren Bros. Co.,
7%
—
+
trial advances
12- 4
12-31
482
—
+
12-15
12-15
—
+
50c
:.
3
+168
12
9
—_;
129
—
—739
11-
common-
—
9,933
12-15
(quar.)i—.$1%
Ware River RR„ gtd. (s-a)____________l__
$3%
Warner & Swasey———
25c
Warren (S. D.) Co. (year-end)—_________
$1
Warren Brothers, class C (initial) _________
50c
j.
12-15
make
to
21
Interbank deposits:
Domestic banks
4,535,016
+
—153,807
F. R. note liabilities combined
Commitments
—
U. S. Government deposits
50c
preferred
Welch
+
32,191,832
Total liabilities & cap. accts.
Ratio of total res. to deposit &
646
5,939
2,818
75
11-15
+
+
securities
Time
26,358
—133,123
Surplus (Section 13b)__.
Other capital accounts
11-15
28
20
1,790
Demand
1,775
+4,988,212
+211,512
5,800
+
—
—
Liabilities-
28,418
240,974
—
+179,683
540
4,892
2,156
—
275
+
52
176
+
20
+
84
—
—431
9,183
■>
Balances with domestic banks
207,691
Capital paid In_—
Surplus- (Section 7)_-—
12-10,
12-11
18
89
14,466,537
items—.
accrd. divs..
—
5,347,434
—40c
Shoals
7%
12-20
12-15
—
1,421,834
——_
indebtedness
Obligations guaranteed by U. 8. Government
Capital Accounts—
12-3
40c
________—_______________
Extra
»
—
of
Shares
4
11-10
12-10
40c
_______
—
16,342,394
+
17,603
Interbank
Total liabilities
12-1
361
71
—
5
8,689
+
62
+159,879
Total deposits
Deferred availability
Ltd.—
(quar.)
Wamsutta
12-
-.
12-10
12-15
„
$1.12%
—_—
,
12-24
$1
—
$1 preferred (quar.)
Walworth Co., 6% preferred
4-20
30c
V
(quar.:—_—___
Co., common (quar.)
4V2'% preferred (quar.)—;
Walker (H.) Gooderham & Worts,
.
$20c
(year end)__
(year-end)—_________
Walgreen
,
^
____________
Corp.
Plantation
System
(interim)
$1%
$1%
+
3
Reserve with Federal Reserve Banks
Cash in vault.
+
114,365
+
—
—-203,993
Other liabs., incl.
90
+
88,120
+
275,216
Foreign
4-15
—
—
—
+5,307,215
83,205
12,561,796
Other
12-13
1,127
3,909
7-15
12-22
62V2c
.
+
+
+
136
.
(quar.),. J.
Vulcan Detinning Co., common
84
717
bonds
Other
10,447,080
U. S. Treasurer—gen. accts—
1-15
+
carrying
1
or
1,360
66,100
Member bank—reserve acct._
"
1,571
1,209
71
+
Deposits:
1
37V2c
•
——
_______
Common
Waite
12-
—
+-13,523
i, 125
>
foreign banks
F. R. notes in act. circulation-
'11-30;
12
banks
to
>
705,900
987,150
Liabilities—
12- 4
12-15
12-20
purchasing
1,903,650
—
premises
Total
12- 7
___—
for
Treasury bills
Treasury certificates
Treasury notes
>
12-1
12-1
—
Other loans
Uncollected items
1
12-10
12-15
.
loans
securities
1
50c
——_
_
r—.
+
agricultural
Real estate loans
3,471
Govt,
and
and
44
6,423
industrial,
—527
—
Loans to brokers and dealers in securities
43,690
—
11-25-42
51,462
loans
Loans
F. R. notes of other banks
12-20
12-20
45c
preferred
5,085
11,506
Total bills and securities
,
....
Veeder-Root, Inc.
50c
Ventures,- Ltd., common (interim)+
£10c
Victor Equipment Co., $1 conv. pfd. (quar.)
25c
Viking Pump Co. (Del.) (year end)_„—75c
Virginia Electric & Power, $6 pfd. (quar.)_
- $1%
Virginian Ry., 6% preferred (quar.)_____
•' 37%c
,
direct
50c
7%
48,690
11-17-43
11,267
6,259,243
35c
(year end)__
Vapor Gar Heating,
+
,
1
Investments—total
Commercial,
5,085
52,695
—
Certificates
$1%
—
—
Iron Works
Norman
+
11-27
Inc.—
Decrease (—) Since
11-24-43
Loans and
direct
1,572,287
12-24
$1
_
52,695
—
securities,
S.
dollars)
Increase (+) or
600,570
—
1*
62!/2c
_
(quar.)
21,471
11-30
12-15
millions of
Loans—total
discounted
Notes
Utility Equities, $5% priority stock (accum.)
Van Dorn
—
and guaranteed:
/
Van de Kamp's Holland Dutch
Bakers,
Common (year-end)._
(In
Assets—
20,203,299
12- 2
75c
S.
Total U.
__
75,822
Other
1
80c
prior preferred (quar.)
139,706
+
discounted
Total bills
1
Co.—
Common
816,098
+
3,161
by U. S. Gov't obli¬
•
5%
—
27,390
+
—
45,700
11-19
_
(quar,)_——
157,796
gations, direct & guarant'd
12-
—J___
_
Refining
Knitting
2-25*
12-20
—
(quar.)___.
Upson-Walton Co.
Utah
11-26*
43%c
(quar.)_;—
(year-end)
Upper Michigan Power & Light—
Secured
12-15
.
Co.
—
Bills discounted:
7- 3*
$1
common
Products
19,738(515
306,988
reserves
40c
(year-end)___—
(quar.)—
;—
Dec. 2, '42
hand and
on
cash
Total
3*
4-
40c 3-10-44
,
7% non-cum. preferred
Universal Cooler, $1 class A__
Universal Laboratories, common
Universal
4-15-44
12-10
common..^.—......
■
Other
Nov. 24, '43
1- 3*
$1.25 7-15-44
4Ce
certificates
Treasury
Redemption fund—F. R. notes
3
$2
Dec. 1, '43
due from U. S.
1
(quar.)
Tobacco Co.,
Gold
12-16
40c
(quar.)
6.4%
1
12-
—...—
preferred A
1-
50c
Sugar Corp., $5 preferred (quar,)—
preferred (quar.)
$5 preferred (quar)
—_
6.4 % preferred A (quar.)
S.
Increase ( + ) or Decrease
Assets—
11-30*
12-15
__
6,4%
12-20
$1V2
S.
U.
(In thousands of dollars)
11-12
1
(—) Since
(quar.)-.uJ.
(year-end)
common
U. S. Steel Corp.,
1-
50c
—:
$5
•
4-10
'
Rubber
8%
12-10
$1%
District; the total decrease at all reporting member banks
was $739,000,000.
Deposits credited to domestic banks declined
$139,000,000 in New York City, $56,000,000 in the
Chicago
District and $341,000,000 at all
reporting member banks.
A summary, of
the'principal assets and liabilities of
reporting member banks, and of debits to demand de¬
posit accounts, follows:
Reserve Banks Combined
11-12
1-15
5-15
& Foundry Co.—'
Playing Card (quar.)
Potash, 6% preferred
S.
■
12-15
50c
Quarterly
U.
12-15
1-
50c
Convertible bartic. class A (irreg.)
7%
prior preference (quar.)
Statement of Condition of the 12 Federal
of Reo,
12-15
3
$1%
..
2295
Holier«
12-31
50c
(quar.)
U. S. Leather Co., conv. partic. class A (irreg.)
Convertible partic. class A (irreg.)
CHRONICLE
reg
$15 lot
Wisconsin Electric Power—
6%
preferred (1897) (quar.)
Wisconsin Power & Light, 7%' pfd, (quar?)'^!_'v
,'6% preferred (quar.)____^___
—__I_'
.
—_
Wiser
Oil
Extra
7%
,7%
preferred
preferred
conv,
(quar,)____
common
end)
(year
preferred
Common
conv.
prior
7%
12-11
.
'
"
'
12-28
12-28
12-16
$2
12-20
$1(4
12-15
(quar.)
12-15
12-
$134
___i____—
1-
<
1
12-3
$7
12-22
Wright Aeronautical Corp.
Mines,
Ltd.
Wrigley
Co.,
(reduced)—
1-
J6(4c
1-
1-
50c
preferred A (quarj
Official—
1-
3
12-10
Less
30%
Jamaica
books
account
tPayable
resident
in
tax,
of
not
income
closed
Canadian
15%;
funds,
resident tax,
this
7%.
.251247*
.251247*
.251247*
.251247*
.251247*
3.228000
3.228000
3.228000
3.228000
3.228000
.051275*
.051275*
.909090
.909090
.909090
.909090
.909090
.891484
.891562
.884732
.887265
.885714
.572766*
.572766*
.572766*
.572766*
.572766*
.572766*
'
.301215
.301215
,301215
.301215
.205800
.205820
.205820
12-15
12-
4
12-20
12-
8
:
;
.909090
Free
:
New Zealand, pound
.889791
3.244203
3.980000
.658300*
4.035000
4.035000
.909090
.868958
3.244203
3.980000
.909090
.889166
3.244203
3.980000
.909090
.882083
3.244203
3.980000
4.035000
.909090
.884791
3.244203
3.980000
♦Nominal
4.035000
.909090
.883333
3.244203
3.980000
rate.
.658300*
.658300*
.658300*
.658300*
.658300*
.529980*
Non¬
tax.
4.035000
peso—
Noncontrolled
source.
4.035000
Newfoundland, dollar-
Controlled
income
.051275*
.205800
1
the
.051275*
.301215
12-
at
.060586*
.051275*
.205800
12-10
British
.060586*
.909090
Free——___:
Uruguay,
Less
.060586*
.301215
dividend.
a
.060586*
.892109
—
Official
deductible
.060586*
.205800
dividends.
tax
$
.297733*
Mexico, peso-
tax.
for
Dec. 2
.297733*
India (British), rupee_
20c
;
accumulated
Dec. 1
$
.060586*
Union of South Africa, pound-
tOn
Nov. 30
.297733*
11-20
50c
*Transfer
$
12-4
1
"7
x
Nov. 29
.297733*
3.228000
—
Official
.
.
$
Colombia, peso—
:__
England, pound sterling
35c
Quarterly
Corp
Nov.27
Canada, dollar—
1-20
3
12-15
$1%
(irregular)
12-
Sfion's Cooperative Mercantile Institutions—
Products
in New York
MOney
.297733*
Brazil, cruzeiro—
11-26
2-1
15c
—:—
Youngstown Sheet & Tube, common__"—:—
Zonite
in United States
.297733*
Australia, pound-———
,
3
50c
common..
Co
Coke
1930
1943, INCLUSIVE
.051275*
(year-end) I
Wright-Hargreaves
&
2,
.251247*
12-15
12-15
$1(4
$
Official—:
12-15
Coal
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF
Value
Argentina, peso—
12-3
Zeigler
TO DEC.
Noon Buying Rate for Cable Transfers
3
1
J 5(4%
FEDERAL
26
Nov. 26
12-10
12-15
Jr.
BY
Country and Monetary Unit
12- 3
$1(4
—___-——:—___
$3
.Mfg.
CERTIFIED
NOV.
12-16
12-28
$3V2
(Wm.)
RATES
12-16
(payment clears all arrears)
preferred B (quar.)
Towne
EXCHANGE
'
11-30
Corp.—
Accumulated
&
FOREIGN
7-31
30c
(quar.)
(quar.);
4-29
$1%
___
prior preferred
preferred
preferred A
6%
Yale
Pursuant to the requirements of Section 522 of the Tariff Act of
1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries
of the
world. We give below a record for the week
just passed:
1-31
<
Accumulated (payment clears all arrears)
,
Foreign Exchange Rates
12.-11
2-15
50c
:_____—_____—_
(quar.)_
(resumed)
4Va %
4'/a%
.t
3
(quar.)
Worthington Pump & Machinery
,
-18%c,
(quar.)_—„—,
Steel,
Lothrop,
&
Common
7%
1-
.1- 3
.
A
18%c..-..,, 5-15
(quar.: 18^4c
8-15
7% pfd. (accum.)_
$1%
12-11
(Alan)
Woodward
11^30
llr30
—_—__
conv.
Wood
1-15
12-15-..
' 12-15
'
Crampton Corp.—
conv.. preferred
7%
$iy2
(quar.)-J—- ..25c
" ..:25c
'
Winters &
.
$1%
.529980*
.529980*
.529980*
.529980*
2296
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, December 6, 1943
Swift & Co.—New Vice-President—
General Corporation and
Election
of
J,
Controller
as
since
P.
Brandt
Vice-President
as
announced
was
recently.
Todd Shipyards Corp.—To Pay $1 Dividend—
in
addition
to
his
Mr. Brandt has been
office
A
Controller
August, 1939.—V. 158, p. 2087.
'
no
Symington-Gould Corp.—Earnings-
(Continued from poge 2260)
charges represent amounts equivalent to additional income and excess
taxes which would have been payable on current earnings if
the company had not had the benefit for tax purposes of deductions
for discount, premium and
expense resulting from the refinancing of
long-term debt in 1940.
Such amounts have been
credited to un¬
9 Months Ended
amortized
debt discount and expense.—V.
158, p. 1384.
;:: V
,
:
'"Operating
Other income after
eral
taxes
Spencer Kellogg & Sons, Inc.—20%
directors
capital
prior
from
earnings
for
stockholders
The
each
of
Net
v
the
capitalizing
$2,469,675
declaring a stock dividend at the rate
outstanding, payable Dec, ^8, 1943,
Dec.
14,
1943.
---I.
each
of
has
In
profits
taxes,
250
of
for
A
from
depreciation
plant!
of
...
for
made
and
after
of the
Federal
giving
taxes
substantial
(1943
the
(including
subcontracts
or
provisions
Appropriation
Act
of
October—
Net
$151,174
railway-**—
Net ry. oper.. income—
From Jan. i—
from
Gross
1
stock
28,442
30,392
holders
•;
'
income...
directors have declared
for each 100 shares of
of
record
Nov.
24.
dividend
a
stock
common
v; No
of $10
action
the
March
158,
V.
800,136
696,912
625,474
270,984
203,417
the
324,817
180,027
117,216
June
as
paid
15, 30 cents;
company
the
following
Sept. 15,
25
cash
held,
Dec.
on
per
share
15,
1943.
June
dividends:
cents;
payable
cents
15. last, a cash distribution of 15
agaipst 25 cents each on March 15 and
1,307,623
and Dec.
1384.
p.
Spokane Portland & Seattle Ry.—EarningsOctober—
.
railway——
railway
Net-from
Net
ry.
1942
1943
.
from
income—
425,600
897,083
railway
railway
!___
19,730,570
15,905,621
Income,...
.4,771,231
oper.
$993,641
$1,370,621 •
% 676,881,
479,242
1,182,633
1,005,378
•
cash
a
March
15,
■,;
■
Gross
Net
from
ry.
—V.
oper.
158,
from
from
241,068
Net
35
15
to
7.932,683
•
made,
Last year,
14,
.60
(A. E.)
2,269,085
2,626,496
945,431
Staley Mfg. Co. (& Subs.)-
Mail
; $393,301
1
139,750
$252,015
$231,566
99,470
'
Gross
earnings
Expenses
Depreciation
Federal
61,914
73,307
71,427
39,323
41,881
4,010,968
Net
$10,443,362
$9,538,064
$5,621,340
2,595,473
2,084,968
556,244
540,152
641.275
taxes (est.)
adj. of
bond
*4,909,740
*5,575,000
2,049,542
614,631
Gross
t96,389
.
'(.Includes
profits
income taxes
excess
expense and
ment of bonds
Aug. 5,
on
Sl.598,551
There
has
$3,900
par
been
of
and
for
redemption
Jan.
of
as
rv.
Electric
the
of
-V.
October—
1,; 1944,
a
total
Co.—Weekly Output-
Net
ry.
railway——
railway
Gross
ffet
from
from
Net' ry.
ry.
153,
Gross
135,121
23,096
95,259
*15,111
2,163,899
1,493,703.
667,625
289,392
sales,
(&
Sept. 30—
domestic
Net
•■!!■" $
s
and
on
from
•
—
213,557 /:
98,012
*131,574
;
*220,193
sales
6,938,087
' $
•.
/-/■-.,•:/
discount,,
on
1,143,904
797,080
409,354
174,006
397,264
276,126
80,367
income
•'
470,179
61,743,455 248,282,539
3,881,589
146.703,943
14,252,084
'
;:
.
less
interest
for
272,334
824,335
81,238
152,897
of
23
5,087,111
44,359
for
profits
,
Fed.
3,504,403
13,230,493
5,085,231
Court
a
by
•,
•
10,000
-
2.818,056
TWA
Other
376,868
to
plane
is
we
presently
handle
can
2,223,985
the
and
special
discount
Balance
and
on
contracts
tools,
on
48,771,503
9,244,104
21,400,223
18,699,134-
Carroll
holders
Press
to
10,822,558
3,762,534
•
of
the
Seek Interest— .■!;■/•■:;/
Walter
brought
resumed
against
company's
hearings
the
—V.
income
adjustment
from
the
..
for
depr.
Liabilities—Advances from U.
Jan.
$14,239,027;
1,
Federal
1944,
accrued,
$44,294;
income
and
on
$2,159,474
153,393
$2,312,867
'
339,739
114,124
"' 97,631
! V
pro-
field equipment...
and
10,387
$1,322,645
$1,086,355
charges.,,r.!y-A,.' 027,272
income
513,329
$695,373
.
(nct)^.._^^..!._^._.•
"
$573,026
State and
Federal
taxes
—.
'
75,000
.'
.
12,301
$585,327
50,000
$679,092
$535,327
.
/-'■■
2197.'
58,719
$754,092
income
for
778,756
10,615
income
158, p.
"Net
for
5 7o
■■
the
on
.■"'-'v
bonds
U
..
from
July
'
,
,
and
company
%
.
y
,
the
used
money
to
interest
of
("Wall Street
due
and
based
on'
350.
p.
!
,
,
,
railway
of
Fed.
2,715,000
After
1,279,697
excess
2,223,116
$1.14
dies,
etc.*
debt
/
;
.
excess
of
80, 1943
<
for
such
maintenance,
the
amount
credited
to
of
,
5:
U.
Unci,' $10,502,617
t$349,797
$52,956
-
share
preferred
per
"Profit.—V.
158,
Nil
2197.
p.
■
" ;
S.
accounts
.
145
receivable
from
U.
$16,435,572;' other
and
S.
$45,953
$5.47
The
of
receivables,
$1;
S.
accrued
miscellaneous
profits
wo
Government, $21,469,278; accounts
taxes, $1,805,730; salaries, wages
$3,045,605;
excess
total, $85,438,594..
interest
accruals,
taxes
debentures, payt»uie
$426,^66: reserve for
on
(less
U.
S>
directors
share
record
this
on
Dec.
issue
Nov.
on
the
on
24
common
3.
declared
stock,
Quarterly
a
year-end
dividend
$10, payable Dec. 22
distributions of 15 cents each
23,612
common stock
(par $1), $2,273,266; capital surplus, $17,228,613; earned surplus, $10,841,151; total, $85,438,594.—V. 158, p. 1943.
cents
holders
were
made
1, June 1, Sept. 1 and Dec. 1, this year.
In
1942, the company paid four quarterly dividends of 15 cents each and
one
extra of
The
per
10 cents.
directors
share
also
the
on
value, payable Jan. 3
4
.
declared
$4.50
the
cumulative
usual
of
$1.121/2
preferred
to holders of record Dec.
stock, no
158, p. 778.
10.—V.
par
require,:
136,400
$13,341
$235,137
'
;
$14,320
;!
have
40 Weeks Ended—
Profit aft.
(& Subs.)—Earnings—
Oct. 9,'43
—
$3,725,665
chgs. but bqf.. Fed. taxes .!,. 676,028
Reserve for taxes,
Net
,
Oct. 10,'42 tOct. 11,'41
$3,037,794
$3,340,849
618,908
773,305
412,211
366,663
324,268
$263,817
$252,245
$449,037
462,126
462,126
accrued Jn
the
Earnings
_—___—
common
"Including
stock
outstanding '
share^u—i—..
per
gross
sidiary finance
income
company,
from
in
-
service
$0.51fees
tAdjusted.--V. 158,
.
$0.49
on'operations
p..
1943.
.
•
.
-
$0.92
of
.
a
..
sub¬
.
$212,197
'$171,850
/ ','77,625
since July
arrears
amount, of. $229,133
at
as
Oct.
■■
31,
.i-
5%
the
on
cumulative
preferred
stock,' all
owned
f/Ji ?
.
v;.
H
Sub.)—Earnings—
%
Shipments of corporation for the quarter ended Sept. 30, 1943,,
amounted to $191,611,076.
Net profit was $3,361,410, which is equiva¬
lent to $1.33 per share of common stock on 2,656,701 share
outstand¬
ing, after provision for dividends to that date on preferred stock,
Shipments for the nine months ended Sept., 30, -1943, amounted to
$525,409,520 and net profit was $11,982,323, of $4.14 per share of
common stock, also after provision for dividends on
preferred stock.
Provision has been made for Federal, income and excess
profits taxes
estimated
an
refund
post-war
such
"
of
over-all
of
rate
profits
excess
conditions
post-war
has
been
80%■ of
taxes.
taxable
Provision
established Jin
'
income, less the post¬
for
transformation
amount
an
to
equivalent to
refund.
Consolidated Income Account,
'•
Period Ended Sept. 30, 1943 /'
; •
Quarter •
9 Mos.
'"
•":
Sales of aeronautical
product,-parts and service 191,611,076 525,409,530
and other income from licensees, less > : •
'1 ■ 5
-/,'•
foreign
Other
taxes
income
from
Total
on; purchases;, income
ditions
(equivalent
profits
to
to
post-war
post-war
taxes)
con-
refund
proportion
of
Engineering,
trative
Interest
'
T,, !'
1,230,173
depreciation
and
...
-.672,416
development, selling
for
Its taxes
Net
bank
and
"After
income
and
v
T
excess
per
for
672,416
1,044,189
1,063,417
adminis-
etc._u"__:
prof-. %
(net)
income
Earnings
Federal
"
'
392,914
8,504,749
loans,
;•
3,344,524'
306,419
amortization_!V
expenses
on
-
excess
(
for
t
s
of
—!
expendable
tool
and
supply inventories.___.___w._L_.__^!,
Plant rearrangement and retirement
losseSf_
"Provision
410,019
•
-_1~
transformation
of
;
——192,457,262 527,708,730
164,1.15,682 450,123,785
sales
for
/
etc.)______"'630,506'* .1,889,181
—
of
Provision
215,680"
■
(discount
investments,
(Provision
profit
Shares of
are
462,126
contingencies, etc.-
109,100
:
$|71,850
' 77,625.
'
6,469
.
prior lien stock
United Aircraft Corp. (&
Write-off
"Sales
$14,320
V
6,469
the 7%
on
294,410
/-
lieh—..
preferred
excess
.
Tilo Roofing Co., Inc.
J9r957
; $615,707
by
England Public Service Co,- are in arrears since March 31, 1937
haye accrued ip the amount of $511,031 as at Oct. 31, 1943.—
158, p. 1676. v.
4
V-
Cost
quarterly dividend
convertible
to be
$1,700,000;
25
to
March
on
,:
259,160
9,000
$18,622
'
div.
prior
.
Royalties
of
par
522
$630,697 :
;
■
Tide Water Associated Oil Co.—Year-End Dividend—
per
'
,
'
9,300
•
Gov¬
272,26G
,$616,664
.
and
Nil
-
21,631
....
(nor-
tax
'
current
$630,175
"."•192
surtax)—__
to
Government),
$45,761
.
'$49,553
i..!,. '
'
restricted
1,932,587
New
V.
war
1942 ;'. ,1941
$46,703
$2,821,517
.
—\—
$49,408
income
at
Subs.)—Earnings—
1943
'
loss
Earnings
1
:
—
...
income
&
street
for the -month of October, 1943, was
$46,109 in
1942, and for the. period of four, months $32,524
the corresponding period for the previous
year.—V, 158,
,vl :
V ■'•''
6 Months Ended Oct. 31—
Net
,.
income
Dividends
$94,599
reserve
Thompson Starrett Co., Inc; (&
excluding
provision for
retirement—$560,000
income
income (net),
1,. 1942 and
"
October,
p, 1773.
but
and
of
—4-
7 u't-j
1943.
$0.57
.
253,637
Preferred
••;:
companies charged for maintenance
of
railroad way
and
and buildings and depreciation reserve from 15% to'20%.
expenditures
1943—12 Mos.—1942
1,806,876
■
$On
■
Co.—Earnings—
22,391
Net
1943—4 Mos.—1942
revenue
158, p. 1384.
$2,690,688
mal
v
.
,
$351,320
transportation
outstanding.—V.
169,331
Deductions
7%
increased
percentage
$0.80
excess
taxes.
$237,483
Non-oper.
above
the
profits
excess
158,950
Net. oper.
5%
!•■,>'v
.
for
1943—Month—1942
expenses
•.
months'
'
'
provision
stock
common
revenues..—
!
,•//•
Vv.v
Corp.—Earnings—
no
purchase
six
a
$0.97
•
$229,022
Gross
157,
' $365,684
$479,684
—20,664
Taxes
' ■
payable
$0.56
Twin State Gas & Electric
in turn, said the bondholders had received
Journal.")—V.
1943—6 Mos.—1942
$253,188
including provision for Federal income and
Period End. Oct. 31—
Operating
Operating
monies
amount
$284,684
$0.58
(included
440,851 shares of
Subs.)—Earnings^-
1943—3 Mos.—1942
>
1,
'■'■"■'//
•,
taxes,
(&
share.
com.
* After all charges,
,
"
;
——
per
proxies
failure of the company's board
interest
1942.
the company,
profit
$Earn.
figures include;.interest at the rate of 5%.; on Third
Railway adjustment Income vbonds.
Effective Oct, 1„ 1943, the
Treasury tax
applied in payment thereof, $4,106,050), $6,908,987; reserve
for material commitment cancellations, $222,025; dealers'
deposits on
sales contracts, $177,710; other current liabilities,
$2,103,543; 10-year
convertible
6%
debentures,
$2,952,900;
reserve
for
contingencies,
notes
-
'1942
138,740
!i._—.„!.„_—!/'
Note—Dividends
$16,521,528;
$33,917; accounts and acceptances receivable,
goodwill and patent rights,
trade,
\
372,695
misc.
on
Period End. Oct. 31—
;
bonds,
System
and
commissions
'. >• > y
recent
_r..r———' " 768.065
-
the alleged
full
■
Avenue
Avenue
'
carrying charges on property held for sale of. $1,836,019),
$10,214,427; deferred charges, $835,506; deposit with trustee as sink¬
ing fund for purchase or redemption of debentures, $509,656; trade
and
1864.
1943
taxes—_—!%
deprec. and amort,
Truax-Traer Coal Co.
on
Third
reported.
pay
30.
G.
action
Period End. Oct. 31—
:v
1943—Month—4942
Net, income——$24,674
$82,203
$314,515;
post-war refund of excess profits tax, $82,056;
property, plant and
equipment
(less reserves for depreciation of $7,438,811,'and reserve
for loss on
demolition, disposal and change in use of property and
payable,
-v" (
fleet In
$2,588,144
Net' income
were
2,552,084
debentures
ernment, $38,273,337; inventories, at cost,
assets,- $939,537; non-current Investments
name,
v"
expense
other
properties
37,367,127
17,131,731
(Including Affiliated Companies)
685,000
2,223,985
Sheets Sept.
deposit
with
eight drafts outstanding,
trade, less reserves, $1,278,502;
facilities
the
as
' In
handle
!
"v-:-
'
performing
to
to
aggregate
tonnage;
flying over 130,000 ton-mileg
is still limited by the
equip¬
Sept. 30—
depl.,
expenses
;■!" Net
voted them
by the board of directors and to which
justly entitled.
The adjustment income bonds were issued under a
mortgage agree¬
ment
dated
Dec.
20,
1911.
Under terms of
the
agreement, it is
incumbent upon the board of directors of the
company to /declare
they
(8,460,000
5
2,223,116
'i ■/. $0.16
$0.39
of
Consolidated
in
Board.
Co.—Earnings—
'
use
Washington,
schedules
its
;
and
Miscellaneous
,
in
fAfter deducting credit for
quarter and $940,000 for nine months.
;
hand
added
increase
;
for
Provision
80,640,119
Justice
stemmed
June
depreciation
contingencies,
on
into
Aeronautics
$2,449,404
Operating
913,232
5,534
;
920,000
2,715,000
amortization
Assets—Cash
been
to
company
traffic
1,439,107
«.
structures
879,985
outstanding
Earnings per com. share
depreciation,' interest
2,430,191
400,000
98,409
1,200,000
'
,
+5,040,000
,
for
planes have
the
the
operating
ducing
$4,376,256
38,144,623
representative
four
directors
The
2,535
' 400,000
y
65,000
Net prof, for the period
Shares of common stock
,"including
Civil
income
Provision
V.The bondholders
charged the available- surplus income was in¬
correctly figured since It was based on earnings of the Third Avenue
company alone, rather than on a consolidated basis for the entire
system. >
v;.
Joseph Nemerov,
acting
as
general trial counsel for (the: suing
bondholders, said in Court,, that there/exists an available surplus
income amounting to about $10,000,000 which should be
distributed
as
interest
among
the bondholders...
He
charged the funds were
■v
y-r 20,319
V (600,000
...
__
each
Production
'
,
10,823,169
Third' Avenue Transit
excess
taxes
$5,904,526
3,325,682
.
•
,,
55,797,324
—
income—
70,718
Prov. for Fed. inc. taxes
Prov.
Lease
1940
5,538,389
1,121,969
railway——
railway—
on
Co.
1921.
244,722
23,493
y.'.hiiV"''
income--;
the
income
Total
'
809,704
,14,4,235
contingencies.!
i,
1941
.
,
Frov:
enabling
Provision
RR.—Earnings—
1943,
.1942.
$11,168,824- $10,288,054
<-
railway,
Supreme
the
6,210,375
i:oag,800
expense,
Douglass DC-3
Profit
•
_-ir!__!._!''
interest
service
transcontinental
on
of
income
Gas
.
158, p. 1864.
Nov.
all
275,688
Profit
Other
inaugurated
Francisco
decisions
Trans western Oil
Oil
1940
541,663
Third Avertue Ry.—Bondholders
/:
$-■'
.
6,605,304
on
1941
1,427,243
oper.
period.
and equipmentInterest on debentures.
/..'.debentures'
2,560,488
;
the
Although
30,656
from
Counsel
plant
prop.,
TWA
San
recent
9 Months Ended
V
14,050
"circumvented" by the
underlying mortgages.
1943—9 Mos.—-1942
65,625,044 262,534,622 152,914,322
•!• '<
:'Cv.:
94,959,256
.
Amort,
1,348.161
:v'
101,897,344
profit
9.146
*25,133
.
Subs.)—Earnings—
♦Mfg. cost and sell, and
Deprec.
.:
1943—3 Mos.—1942
foreign
general expenses
$144,497
.•
.
Net
quarter
and
by
1,568,043
5,038,514
■
....
taxes.
available," Jack Frye", President, said,—V.; 158, p.
29,610
railway——*
income-;!!
from
ry.
2,221.854
T
Federal
month,
18,672
The action
1772.
p.
miles—
miles—.—
$1.41
$14,101,684 $11,569,521
11,117,524
9,173,697
176,740,173 151,303,549
miles..
third
1942
$1,338,817
routes,,
January 1—
Net
1940
$158,023
1,053,725
Studebaker Corp.
Period End.
,1941
>
1,648,380
_
Income—-
"Deficit.—V.
!—
revenues
for
'
■
$1.34
43,252
oper.
From
1943
•
share——-
Phoenix
"Two
$116,727
the Associated
3,538,548
railway——
oper.
■
$287,994
145,567
'■!;•.
railway
1942
.
201,303
—
income-—
oper.
$5.—»
Inc.—Earnings-^-
:
!_!—._Jl._!.i! $1,288,935
each
railway-**.1,687,025
railway
rJ_,V
754.692
from
Net
•',
;
expenses
the
C„
"
Sept. 30—
ment
33;079
from
Net
—V.
Ry.—Earnings—
$392,096
From Jan. 1—
of
follows:
and Dec, 21,
242,216
$118,249
Texas & New Orleans
Ry.
1943
from
from
as
public
Staten Island Rapid Transit
Gross
7%
holders
company began operation of all-cargo schedules
the increased mail and express business over TWA
158,VP. 1864.
Gross
utility operating companies in. the
Standard Gas & Electric Co, system for the week ended Nov. 27, 1943,
totaled 204,492,000 kwh., as compared with 165,662,000 kwh. for the
corresponding week last year; an increase ofj ,23.4% .-—V. 158,, p. 2197.'
Net
Sept. 30, $3.50;
the
on
to
were
519,613
43,024
oper.
Net
output
10
last, and $3 each
8,
2,166,356
$131,723
;
•
5V2% mtge. bonds, series A, due Jan. 1, 1946,
Payment will be made at the Bank of the Man¬
Standard Gas &
share
per
Dec,
380,469
1942
from
from
51,040,952
_
hattan Company, trustee, 40 Wall St., New York, N. Y.—V. 157, p. 2158.
Electric
$3
Oct.
on
Payments during 1942
9, $2.50 each;
—
provision
October
From Jan. 1—
Net
adjustment of bond discount
(computed at ~24 %) resulting from- retire¬
1940.~rV. 158, p. 2087.
J.
called
15-year
interest.
of
payable
$3.50
2,446,558
39,360
October—
at
$100,
with
1943.
itNet
tax.
Standard Bleachery & Printing Co.—Bonds Called—
of
June
dividend
a
par
*1 694,562
$139,826
oper.
Net
: $1,567,213 !; $1,492,699
declared
stock;
compares
411,916
"
1943
railway
railway
income—!.,
from
ry.
Gross
_
282,534
1384.,
authorized
—Earnings—
from
Net
Net
370,052
*1,296,546
disct.,
'••'.Net profit—.
694,661
342,700^
839,318
698,346
October—
$4,171,566
V
inc. taxes, etc,
exps. and
1,979,201
987,810
-
3,305,162
1,318,513
__
Texas Mexican Ry.
1940
•
7 2,744,904
;
..-.j.—-
inc.
1941
and
ton
months,
•
" :
have
This
and May 24,
per
ton
In
<
D;
1942
$382,456
railway
Net ry. oper. income.
—V. 158, p. 1864.
-Earnings-
1942
2..
passenger
Express
1940'
36,366
railway.**;,;'
oper. income__;,
January 1—
Gross from railway—V
Net from railway
;
'
1943
45,240
.
-i"
•
preferred
earnings
Revenue
cents;
cents.—V.. 158,
,
9 Mos. End. Sept. 30—
•
2,362,811
Securities Corp.—$3 Preferred Dividend—
p.
Earnings
Operating
Operating
dividend.
was
1941
1943
,
rv.
7,958,957
10,872,557
'4.341,501
1863.
p.
Gross
Net
5,609,624
9,431,409
710,84J
45,726
'.,
Transcontinental & Western Air,
From
from
Net
October—/'!.
390,517
.
From January 1—
■
1,003,970
1,990,618
9 Months Ended
"Net
Tennessee Central Ry.—Earnings—
1940
1941
$2,085,131
$2,162,482
2,290,833
income—.
15
30
158,
"After
Gross
104,914
1864.
Dec.
March
on
value of preferred
par
taken
was
On Sept.
.
1772.
p.
The
■
723,293
from, railway—■
ry.
oper.
62,858
1,672,841
Net
158,
38,319
249,720
railway...-
Net
—V.
1940
$85,032
36,686
•
122,653
1940
$229,228
135,850
142,593
cumulative
Talon, Inc.—Omits Cash Dividend—Pays In Stock—
1941
$198,505
•
15,843
16,416
1941
$276,212
'
$89,000
1Q4?
1943
railway.i.J..
from
from
1942
2,523,127
oper.
'•
175,065
income-^-
directors
record
"
Gross
com¬
cents
$393,987
216,219
Towne
V"!":,■•■'
■
50
246,247
3,990,50&
158, p.
The
to
sixth
1942,~-V.
1943.
stock,
This
and
RR.—Earnings—
railway—
from
;
subject
of
2.
•
'
railway--—
oper.
ry.
derived
Is
be
;
January 1—•
Net
in
:
may
!■
1943
from
Net
—V.
rate
.
which
renegotiation
for
tentative
the company's current business
part of
contracts
ry.
From
pro¬
common,,
excess
credit, provided
the over-all
of income before such'taxes.
adjustment in accordance with
supplemental National Defense
p.
.1942),
the
on
'$432,740
from
Gross
taxes
-L
and
income
on
at
Net
general
for Federal
'''
to
1942)
and
selling
'
profit
effect
Revenue Act of
Government
all
for State taxes and
" '
•
railway--^.,
Net from railway
$0.73
.
'•
.
Peoria & Western
October—
$741,893
.
for reserves,
approximately 75%
(2)
years.
common
share has been declared
per
;
.
Toledo
52,741
•
—$525,178
stock..i.
$0.52
determining above net
been
section
-'
';
10,855
..
,
fiscal years, after payment of quarterly cash
Spokane International RR.- -Earnings—
on
provision
Notes—(1)
vision
to
to
those
share
per
provision
income.
on
of
of
The company has already declared
a cash dividend in the first quarter of its current fiscal year, payable
Dec. 10 in the amount of 50 cents per share.
See V. 158, p. 1943.
in
V.
deducting provision for Fed¬
profit
"After
be capitalized approximates the amount
surplus in the fiscal year ended Aug. 28, 1943,..
earnings added to
and the three preceding
■p, 1479.
$639,152
income.
on
expenses,
company's
shares
surplus
of
dividends
Stock Dividend—
increase
to
by
$14,700,000
to
and
five
record
of
amount
action
took
29
$12,230,325
years'
share
one
Nov.
on
1942
$514,324
__
Gross
Earnings
The
1943
____
$1
15, 1943..
Payments during 1942 were as follows;
March
and June 15, Sept. 15 and Dec. 15, 50 cents each.—V. 158,
16, $1.50;
Sept. 30—
profit
of
value, payable Dec. 10 to holders of record Dec.
with 75 cents each on June 15 and Sept. 15, last,
March
on
profits
dividend
par
pares
>
.
13,347,729
period.__-^_i_u_^-^__-_*___,
share—.
22,853,029
334,271
>
25,770
) m '/•
;
.
36,290,776-.
$3,861,410 $11,982,323
..:
$1.33
deducting $886,156 for quarter and $2,686/059 for
.
$4,14
nine months
Volume
153
charged
to
retirement
$97,870
for
Number 4235
the
also
reserve;
quarter
and
THE COMMERCIAL & FINANCIAL CHRONICLE
$1,700,000), $1,955,082; reserve for contingencies, $790,000; deferred
income, $828,602; common stock (305,192 shares, no par),
$1,220,768;
capital surplus, $1,096,864; earned surplus, $2,951,636; total,
$10,034,333.
—V. 158, p. 2088.
not
including amortization of
for the nine months ended
$2,224,364
Sept. 30, 1943, equivalent to reimbursement from the U. S. Government
under
Emergency
excess
profits tax required.—V. 158, p. 1943.
Facilities
Plant
tAfter
Contracts.
deducting
post-
prepaid expenses, $7,221; reciprocal insurance
subscribers' fund and
surplus reserve, $9,481; deposits in closed banks (less
reserve of
$641),
land, buildings, machinery and equipment (less reserve for
depre¬
ciation, $838,497), $1,103,894; established' milk
supply system, SI,000;
total, $2,796,956.
The
directors
*
share
to
the
on
holders
cents per
stock,
common
of
Corp.—Liquidating Dividend No. 2—
declared
have
record
Dec.
share was'paid
liquidating
a
10
par
6.
initial
directors
share
on
Dec. 22
dividend of 45
cents
per
cents
15
payable
liquidating
1942;
The
per
of
share,
cents per
An
Dec. 29,
on
dividend
Dec.
14
the
have
declared
stock
common
share
Lines Transport
Air
Corp.—Proposes Change
4.—V.
Corp.—Earnings—
profit—
'
'
Quarter ending March 31
Quarter ending June 30—
Offering of 105,032 Shares of Preferred Stockthis
corporation's
financing
Total
In
and
and
i
raise
to
to
W.
the
A.
shares
value
par
authorize
stock from
common
of
this
100,000 shares
of
2,000,000 to 2,500,000
stock
from
$5
to
$10
shares
share,
per
stock,
management
Patterson, President, announced that, of,the .proposed 200,000
preferred st#k, the company expects to issue 105,032 shares
preferred
In
1942
tingencies
$300,000
of
figures
post-war losses
or
made
was
1943
after
is
shares
of
common
of
the
probably
the ratio of
would
and
holder
the
at
shares
seven
of preferred for
convertible into
be
each 100 share!
stock
common
at
the
Air
the
shares,
is
Lines
J.
W.
Dart,
application pending for direct transcontinental entry into Los Angeles
via Denver, Grand Junction,. Colo., and Las Vegas, Nev.
Mr. Patterson has indicated that his company intends to apply foi
still
additional
routes,
particularly in the r eastern section of the
Mr.
President,
country.
/''■<■'
■
'
United's
;
management
also
has
indicated
that
post-war
year
might be
board
of
from
Depletion
would be
would
It
convertible into
be
sold
to
such
stock
common
key
employee's
under
at
Other
and
than
value.
-
Stock Exchange.
York
determined
Patterson
United
The dividend
finally,; but it
rate
is expected
has
now
statement
on
this
be
to
around 4Va %,
has
stock
showed
1,500,450 shares of
Air
United
common
income
Lines'
net
stock
income
for
the
first
nine
state¬
months
Fed.
for
inc. and
1943
share
1,654,995
stock.
common
"After
$804,066
The
interest,
9 Mos. End.
depreciation
taxes.—V.
158,
the
holdings
in
Nov.
on
of
of
William
surplus..—
excess
have
Power
M.
United
Nov.
the
on
record
Oct.
William
$1.52
$1.16
1
other
charges,
but
S.
been
$14,663
;
.
before
v
proVi
1943..
of
Sept.
15,
on-each
each
I.
G.
—V.
provision
fori
1943.
the
filing
of
of
the
plan
a
share
20
of
the
shares
of
U.
the
I.
G.
U.
fill
to
a
vacancy.—V.
1,375,945
18,236
1,201,478
24,238
Crl5,634
$1,340,590
$1,285,843
dividends..
$1,078,707
895,241
895,241
895,241
895,241
$445,349
$390,602
$319,310
the
com.
stk. (no par).
397,885
397,885
397,885
$3.37
$3.23
$3.05
$2.71
"After
deducting manufacturing, selling, general and administrative
expenses,
tlncludes $453,000 in 1943, $550,000 in 1942 and $310,000
in ,1941 for Federal excess profits taxes.
investments,
$1,246,358;
other
694,565; trademarks, contracts,
$41,268,470. 1
inch provision
dividends payable,
payable,
total, $41,268.470.—V-.
surplus, $4,588,283;
Payments
stock
or
been
9 Mos. End. Sept.
___
30—
1943
1942
__t$l7,641,668 $12,314,552
-
goods
sold
1941
$8,975,657
1940
$4,828,865
and
operating expenses
8,984,889
6,521,840
3,836,861
$4,176,470
deductions
$3,329,663
$2,453,817
$992,004
less
Depreciation
216,598
179,373
168,109
222,537
185,199
135,352
156,671
2,196,081
266,523
...——
1,263,761
237,974
.
"2,633,446
income.^—
net
$572,127
dividends
—
—
$836,748
274,673
$2.28
$2.74
sh. of com.
outstanding
per
>
—
"Includes declared value excess profits tax..
$437,915;
excess
$462,007
274,673
$1.87
"
$694,448
274,673
profit--—
profits
tax
after
Normal
deducting
/
„
274,673
■
.
income
i
■,
$1.51
post-war
refund
tlncludes dividend secured from unconsolidated
amounting to. $36,940. •
Consolida ted
Balance Sheet,
$1,868,321;
S.
Sept. 30, .1943
Treasury
bonds,
obligations,
at
Liabilities—Accounts payable, $1,539,884; accrued expenses,
$451,496;
profits taxes (less U. S. Treasury notes, tax series.
the'
succeeds
follows:'
and
Dec;
in
banks
1942
net
1940
17,680
15,360
11,387
21,499
4,237
5,672
1,111,247
730,062
665,368
266,916
118,098
96,755
at
55,505
32,691
Sept/ 30,
1943;
equivalent
were
was
asset
no
amount -for
Account,
9
the
Months
stock.
common
Ended
Sept.
Interest
earned
income
1941
$203,976
$229,100
$209,613
15,404
29,414
23,475
15,458
$210,940
$233,390
$252,575
$225,071
48,274
41; 628
-
f49,173
Diys.
of
paid
"Over
tions),
prior
on
51,955
$161,767
income—
$181,434
$204,301
Assets—Cash
74,014
75,099
79,399
stk.
91,518
statement
accrued,
(book
in
banks,
$30,843;
of
■
effect to results of security transac¬
tlncludes $2,600 provision for
surplus,
cost
$7,159,205),
reserve
for
par),
469;
Federal
$72,414;
unrealized
dividends
market
securities,
*
$7,776,410;
total,
at
Selling,
(net)
$8,258,499.-VV;
of general
158,
market
and gen. exps.*
and
State
Net
income,.,.'
Earned
surplus
Total
inc.
securities
o^ned,
1942
1941
-
)
$436,823
.
f
116,200(
-
81,626
48,251
.
■_}
taxes
186,429
•
•
216,212
Earned
Earnings
surplus,
per
47,431
$90,734
$141,463
298,497
213,352
$534,368
$389,231
$354,815
41,840
42,685
50,616
declared
Sept.
common
30
share
Balance
Assets—Cash
(less
cow
reserve
notes
$783,667;
in
for
banks
doubtful
receivable
post-war
(less
$492,528
_
.
$346,546
$304,199
$1.03
$0.89
•
1942
1941
1940
$1,335,689
$1,082,468
$1,044,248
$1.96
$1.58
$1.52
depreciation and other charges, and reattributable to prevailing war
con¬
losses
estimated.Federal, State and foreign
income
on
'
>
'
1°43
share
per
for
shares____
income
the
1942
$275,826
750,000
and
i$304.384
$0.37
$0.40
amounted
profits taxes
excess
63
to
1943
as
earnings
reported.
Reserves
share.—V.
for
158,
taxes
p.
in
the
period
amounted
to
56
cents
per
1078.
Detinning Co.—Earnings-
3 Mos. End.
Sept. 30—
1943
Sales
'
Exps.,
1942
deprec.,
1942
1Q41
1940
$1,450,240
$1,494,854
$1,797,076
$919,456
1,179,558
etc.
1,192,291
1,412,320
763,333
$302,563
$384,756
$156,120
$270,685
income—.—____
21,315
—
27,412
42,580
Total
51,973
$291,999
$329,976
$427,336
$208,099
194,175
188,575
236,597
97,194
17,185
18,967
4,188
Cr35,876
$115,009
$122,434
$186,551
$146,781
$2.86
income
on.
hand,
accounts,
reserve
of
of
/
$3.09
$5.06
$3.82
Tax
reserve, etc._
Other
charges——
Net
income___
Earn,
;
;
share—
per
,
Condensed
Balance
Sheet,
.
Sept.
30,
1943
Assets—Cash, $482,583; marketable securities
(amount
at
market
quotations, $2,178,411), $2,053,732; accounts receivable
(less
reserve,
$292,120;
inventories, $970,822; company's own preferred
$25,000),
(2,175
and
shares)—at
equipment
cost,
$259,959; other
depreciation
and
(less
investments,
$163,615;
obsolescence
reserves,
$2,965,614), $1,356,267; processes and intangible assets,
including good¬
will, $2,544,677; deferred charges and prepaid
expenses, $14,379; post¬
excess
profits
tax
credit
.(est.), $20,000; total, $8,158,154.
Liabilities—Accounts payable and accruals, $248,941; dividends
pay¬
able, $22,834; reserve for income and excess profits taxes and other
Governmental
charges,
$720,949;
reserve
for
contingencies and in
general "including deferred maintenance and
post-war obsolescence,"
$383,366;
reserve
for
Governmental
charges—not current, $75,813;
inventory replacement reserve, $47,829; post-war excess profits tax
credit reserve
(est.), $20,000; preferred stock (par $100), $1,522,300;
common stock
(par $100), $3,225,800; capital surplus, $107,925; earned
surplus, $1,782,337; Jotal, $8,158,154.—V. 158, p. 2089.
,
Wabash RR.—EarningsOctober—
Gross
1943
frofn
Net
from
Net
ry.
railway.
railway
oper.
1942
$8,787,766
4,004.097
-
1941
1940
$7,973,519
$5,370,917
$4,432,911
3,729,994
1,556,410
1,083,922
816,014
868,209
1,525,469
953,846
79,551,470
64,098,273
47,646,372
37,927,606
34,070,562
25,313,015
14,964,633
8,763,447
9,876,399
7;389,625
8,164,566
3,028,995
___.
income—
From Jan. 1—
Gross
from
Net
from
Net
ry.
—V.
railway.—
railway—
oper.
income
158, p. 1774.
$1.56
,
.
Waco Aircraft Co.—To Make 30-Cent
Sheet, As at Sept. SO, 1943
and
refund
,
taxes,
quarter.
A portion of the earnings of
is subject to renegotiation
proceedings under the National
Defense Appropriation Act.
It is not anticipated that the results of
such renegotiation will, have a
material effect upon the net
69,168
113,751
434,318
'
or
rents,
$371,812
$100,050
31
surplus
paid
1
_____
March
accrued
the company
war
'
-,'1943
i
■
______ —
Fed.
quotations
2198..
p.
properties.:—$402,679
admin,
market
Co.—Earnings—
Depreciation
for
interest
and,
$8,258,499.,
profit from oper., incl. income
from leased
$28,353;
Government business.—V. 158, p. 1677.
-
.
accrued expenses and taxes, $3,401;
taxes, $8,265; $5.50 dividend priority stock
common stock (10c. par), $56,755; surplus, $7,500,-
Sept. 30—
payable,
$1.85
taxes,
Reserves for Federal
cents
plant
,
payable,
appreciation
total,
hand,
Subs.)—Earnings—
stock
cap.
share
per
stock
-
receivable
income
Van Camp Milk
Prov.
Sheet, Sept. 30, 1943
$451,246;
general
on
Victor Chemical Works (&
Subs.)— Earnings-
$183,4"43
(without giving
expenses
carried to
receivable,
on
hand, sold
Commodity Credit
$260,425; materials
1940
Expenses
"Excess
accounts
1943
Profit
1942
$195,537
income
$503,630;
earnings for the 1943 period are subject to final
audit, and
adjustments which may arise in connection with
re-negotiation
any
Other
30
1943
Dividend
$2.30
.
1943
$1,262,574
undetermined
Vulcan
to
approximately
per share of
the corporation's $5.50 dividend
priority stock.
As the preference of such
priority stock upon involuntary liquidation
($100
per
share
and "accumulated
dividends)
is in excess of this
there
30,
wages
Quarter Ended Sept. 30—
profits
1941
145,528
240,625
excess
The
to
'
1,171,783
assets
Sept.
hand,
on
accounts
and
providing for
for
of profits on
20,
39,301
119,263
$2,218,782
profits taxes charged against income for the three
months
Sept. 30, 1943 amounted to $1,905,003, and for the three
months
ended Sept. 30, 1942 to
$1,198,665.
30 cents.
....
per sh.
Earn,
r.
619,255
$0.92
Net
•
467
326,441
ended
Utility Equities Corp.—Quarterly Report—
The
Sheet,
and
Notes;—The provision for
and
1 '
March
19,
,
>'>
.■
$887,794
ditions.
1,
\
28,642
_
tax__—
136v523
,
17,104
capital; stock./,—
on
insurance
pprving
him
$500,-
$4; pror>aid expenses,' $102,297; total, $10,034,333.
Income and excess
each;
*'151,442
84,142
385,000
share
Cash
"After
of
$113.88
Dividends
at cost,
cost, $22,950; trade notes and
accounts receivable, net, $2,259,294; inventories, $2,255,633; investments
And other assets, $738,340; property, plant and equipment (less reserves
for depreciation and amortization of $1,571,899). $2,287,469; patents,
Canadian
Government
U.
Chairman
tax and
($282,595), $2,195,531.
Assets—Cash,
cents
157,358
paid
per
3 Mos. End. Sept. 30—
"Net profit
Earn,
$80,320
income...
—V. 158, p. 18G4.
Gross
'
profits
Vick Chemical Co. (&
;
'
1
.
as
$9,448,653
6,322,185
6,142,675
of
and
$104,588
income—
railway—
6 Mos. End.
525,000
contingencies
1
$131,075
oper.
$617,105;
income
were
$7,615,514
•
dividend
railway.--.—256,564
from
ry.
($1
profit.
operating
10
1943
Liabilities—Accounts
13,465,198
—,
holders
July
«.
share
$121,567
Balance
Fastener Corp. (& Subs.)—Earnings—
United-Carr
to
1,
stock
Mitchell
13,994
176,903
payable, etc,,
$101,903;
reserve
for
shipping expenses on sugar and molasses,
$280,470; reserve for Cuban
profits, tax, $326,441; censos, $5,500; first
mortgage (coll.) 57r con¬
vertible bonds, 1951,
$1,664,500; capital stock ($6.50 par),
$6,256,250;
capital surplus, $44,566; earned
surplus, $2,325,428; total, $11,033,412.
,—V. 158, p. 96.
»-
.
Federal income tax.
158, p. 899.
—-i_.
Cuban
Liabilities—General
elected
cents per
....
Income
for accruals, Federal
$298,414; reserves for
1942
83,490
156,929
profit for period
interest,
2198.
p.
year
•
one
2198.
27
elected
Leeds
158,
in
19,
,
depreciation and depletion, $21,442,501; reserves for contingencies and
taxes, $790,037; reserves for income taxes and expenses—1943 opera¬
tions,
$1,038,200;
minority
interest
(common
stock
and
surplus),
$40 949; common stock
(397,885 shares no par), $11,952,538; earned
been
committee.
and Sept.
railway—
1943
30,
notes,
tax series "C,"
inventories,
$2,033,936;
assets,
$838,949;
fixed assets,
$33,etc., $1; deferred1 charges, $184,552;
has
Vice-President.—V.
year.
Total
$1,057,548;
taxes,
Sept.
Treasury
$1,088,535;;
'
/
Liabilities—Accounts
Sheet,
S,
Dec.
3,064.196
cane
and
colonos'
accounts,
sinking fund cash in hands of
trustee for first mortgage
bonds, $18,740; property, plant and equip¬
ment
(less reserve for depreciation of
$880,922), $5,321,471; deferred
charges,, $609,061; total, $11,033,412.
Drew, formerly of Eddy Paper Co., has been
and General Manager; Mitchell
Todd, Secretary,
railway.'
from
amount,
Balance
Consolidated
Assets—Cash,
$1,548,575;- U,
$600,000;
accounts
receivable,
executive
John
oper.
Net
397,885
share....'
per
50
inventory prior
Corp. $5,279,962), $1,159,182; molasses
and
supplies, .$1,310,471; investment in
$1,564,266; other investments, $6,264;
common.
has
h
$6,193,559
payments, etc., less reserve,
$279,902; sugar
undelivered
(less received on account from
and
SEC
From Jan. .1—
Gross
$183,466
__
the
June 20
from
Gross
Net
$1,214,551
of
on
1942
$7,114,128
260,967
Balance
Ry.—Earnings—
16,989
Surplus
of
President,
October—
994,713
dividend
a
stock, 'payabe
common
price___
advance
common
158, p.
for
Assets
Approved
common,
I.
G.
contract
income
Earned
,
with
company's
sales
income
Federal
.
158, p. 899.
1,546,353
profit
value
Stuhr,
this
20 cents;
Depreciation and deplet.
Minority
interests
subsidiary
$0.44
on Nov.
23 declared a dividend of 20 cents per share
fourth quarter on the capital stock,
payable Dec. 10 to holders
record Dec. X.
Like amounts were paid on March 20, June 15 and
Utah
1940
realized
1943
at
/__„__
produced
.Dividend
$230,396
$0.30
Co.- -Distribution
distribution
for
U.
elected
from
Consol.
p'.
158,
$158,089
tNo
produced
sugar
103,400
directors
ry.
for
tl05;400
,
the
Net
024;
8,000
$21,802
„
Years Ended Sept. 30—
.
Provision
,,.Crl91
Upson-Walton Co.—To Pay 20-Cerit Dividend—
The
,,
$1.73
and
p.
has
Net
surtax,
p. 899.
Other, .interest
27,588
"
$205,508
$0.39
profits, tax.
authorized
Vice-President
404,000
stock
21,406
7,885
Expenses of producing,
manufacturing, etc
Provision for depreciation
Interest on lst.mtge. (coll.)r 5 % conv. bonds-
Paperboard Co.—Changes in Personnel—
and
$2,461,786
on
Cr405
Illuminating Co.—Votes 50-Cent Dividend—
President.
as
named
t885,000
Cash
22,632
___
Miscellaneous
259,495
,
11,456
Hickey, President of the United Corp,,
the
par
United
fl,186,000
Earns,
$44,069
accruals
reserve
_______
11,027,000
prov.
158,
Profit
i
1941
208,026
7.
Similar payments were made on April
last, and in each quarter during 1942.
A 1007c
paid on Jan. 24, 1942.—V. 156, p. 967.
Fed.. State and inc. taxes
Taxes
$52,320
income
Total
Dec.
1,
1941
other
436
$42,949
1,119
/—
„_T
Raw
$620,687
also
was
$3,425,267
Net
2198.*...
p.
$482,567.
214,867
■
11, the directors declared
no
1942
Other
90,096
$51,884
_
deductions
Molasses
enlarged Delaware Power & Light Co., to U. G. I.
The plan, which was filed with the Commission
provides for the distribution of one-twentieth of a share
director of
a
$3,866,024
sales
i
;
early .this
1942
$642,224'.';
..
required.—V.
Delaware
1943
Cost-of
158,
1943
-
share///*—
proposed
Delaware
share
$3,930,933
Net
income
Vertientes-Camaguey Sugar Co. of Cuba—Earnings—
A.
"•
the
24,
expenses.
State
Eric
stockholders.
common
for
\
«
(& Subs.)—Earnings-
Sept. 30—
after
Earnings
resignation
Crl,907
to
Federal
$864,302
'
.
United Carbon Co.
Common
his
'\\\ 6,506
common
directors
covering
$636,128
______/
figures.
sion for Federal
."■Profit
of
J •'
-
Cos.—Earnings-
United Gas Improvement
228,174
$903,068
468,233 shares
on
1941
12,954,250
prof tax■
exc.
1942
$2,459,061
profit—-—1.—
per
(& Subs.)—Earnings—
t$3,857,318
-
tCorrected
And
$133,045
93,673
,
'
-New Director^—
outstanding, held
accompanying the proxy
Sept. 30—
"■Profit
total,
was
1942
$145,557
__—„
income
Income
—V.
the election
taxes—--—"216,250
profits tax
excess
board
Shares
which
reserves
1
1943
;
deductions
revenue
Retirement
Net
Inc.—Earnings—
30—
„
income
Gross
1191.
p.
corporation.—V.
(net)
carried
per
"Includes
On
income
United Biscuit Co. of America
9 Mos. End.
Net
such
157,
until
—
Remainder
stockholders.
25,000
consolidated
of
1943
to
be $3,409,046.
Operating revenues for the period were
given as $20,317,922; other income, before provisions for taxes or
income, $477,635; operating expenses and taxes (exclusive of taxes on
income), $14,653,211, and provisions for taxes on income, $2,733,300.
Current assets of the company were listed as $19,722,860 and current
liabilities, $9,446,007.—V. 158, p. 2197.
of
Other
con¬
Net
not
Mr.
of
Earns,
for
reserves
revenues
Operating
said.
approximately
Net
this
1942
depreciation.*—
deductions
Federal
certain
less
not
According to the announcement, an underwriting group is being
formed, represented by varjous investment firms along United's system
to underwrite the new financing plan.
-This, group will be headed by
Harriman, Ripley & Co.
Plans are to list the preferred stock on the
Prov.
for
announced
operations..—/—I._
Interest
sold
and
conditions.
from
3 Months Ended Octl 31—
Profit
to certain key employees at the discretion 'of the
directors, thus increasing their financial
interest' in the
company,
ment
$1,044,402
Chief of the Lend-Leasc Mission to Australia
that- capaoity
join the staff of
to
Nov. 30
United Electric Coal
investments
equipment and facilities will include purchase of a fleet of
four-engined 40-to-50 passenger, 250-mile-an-hour transport planes.
.*
' Regarding the proposed new management stock, United stated that
A
for
charge of personnel.
in
Earnings
"•
'
■
new
by
$200,000
quarter.—V.
on
in
Nicol formerly was
,
been
of
second
Vice-President
as
serving
currently
the eastern section of the United States.. It likewise, has an important
New
as
deduction
a
made
was
stated.
announcement
opperating 6,300 miles of transcon¬
tinental and Pacific Coast routes, serving • a population of approxi¬
mately 32,000,000, and has fined applications which, if approved, woulf
add, to ■ United's system such important points as Boston, Hartford
.Detroit, St. Louis, Indianapolis,.,and numerous intermediate cities ir
book
$924,117
although at the year end a provision of
the entire year 1942.
the net profit for the first three quarters
covering
entirely in the
Nicol
option
within
time
any
preferred
United
•
434,645
United Drug, Inc.-—New Vice-President—
providing the stock is authorized, the
would be offered to stockholders late in
10 years.
It is planned that stock¬
holders would have 10 days in which to have a prior right to subscribe
this
provision
no
figure above given
taken
$1,092,090
Operating
Operating
figures for 1943, no recognition has been given to the
credit of excess profits taxes paid.
the
The
338,334
12 Months Ended Sept.
above
post-war
that,
said
He
December in
in
335,672
1941
of.
■immediately.
for
294,176
385,171
(est.) net profit 9 months
the
Vermont Utilities,
$274,085
plan,
'
authorized amount of
accrued
expenses,
$17,703;
$327,703; dividends declared
(payable Oct. 1, 1943), $30,295; reserve for
contingencies, $15,000;
preferred stock (11,545 shares no pari,
$923,600; common stock ipar
$1), $75,000; capital surplus, $443,977; earned
surplus, $492,528; total.
$2,796,956.—V. 158, p. 1578.
5
1942'
$291,607
254,227
/
Quarter ending September'30____
whereby it it
proposed to raise approximately $10,000,000 for post-war development
and expansion, were released on Nov. 29 in a mailing to stockholders.
The
corporation is calling a special meeting of stockholders for
Dec. 22 at Chicago to vote on proposals to change the name of the
.company to United Air
Lines, Inc.;; to authorize 200,000 shares oi
•preferred stock with a par value of $100-per share; to increase the
new
Liabilities—Accounts payable, $471,150;
provision for Federal and State taxes,
per
'1943
$452,692
,
of
cents
158, p. 682; V. 156, p. 2231.
Net
JIn Name, Increase In Par Value of Common Shares and
Details
70
since,—V. 158, p. 1864.
none
United Drill & Tool
United
of
participating dividend of 80 2/10
$3 participating preferred stock, both
payable
the
on
dividend
a
holders of record Dec.
to
initial
an
and
$257,820;
discount,
$300),
Federal
etc.,
$757;
excess
«
$10;
United Chemicals, Inc.—Initial Common Dividend—
Ulen Realization
"
2297
accounts
$23,438),
receivable
$615,906;
inventories, at cost,
profits
tax, $17,200;
The
the
Dec.
directors
common
4.
A
have
stock,
similar
against 20 cents
on
no
declared
par
Payment—
of
30
cents
24
to holders
distribution
Dec.
dividend
value, payable Dec.
20,
a
was
made
on
Dec.
1941.—V. 155, p. 643.
19,
per
last
share
of
on
record
year,
as
1
2298
THE COMMERCIAL &
FINANCIAL CHRONICLE
Warren Brothers
Co.,
tial Dividend
W.
L.
Kirkland,, President,
annual
the
meeting
last
books
that
Nov.
on
contracts
two
months
of
be
carried
over
to
Boston—Profits
Reduced—Ini¬
for
23
informed
its
was
probable
business
this
that
year and for
into
1944 were
some
stockholders
to
be
$2,000,000
made
at
low
now
considerably below
of
the
greatly
construction
the
rate
for
1943,
amount
Mr.
of
Kirkland
business
prices
the
tation
of
lowed
way
by
street
to
the
class
works
Mr.
Kirkland
this
program
said
adjustment
involving
it
period
large
a
the
was
would
amount
have
C
declared
stock,
initial
an
be
A
of
payable
Dec.
20
V.
of
holders
of
50
cents
record
share
a
30,
Sept. 30.
shades of
1942,
total
Dec.
This
consecutive
distribution
Wellington Fund. By comparison total
$6,202,335.
During the three months
admitted
were
total
to
the
Fund,
and
of
612,350 shares outstanding,
previous time in the Fund's history.
The
asset
value
share
per
greater
$16.19
was
assets
Gross
30,
there
at
$13.46
Briggs,
12.11%
during
of
The
resources.
the three months
were
"Total
—
of
goods
sold
Profit
Other
expenses
from
operations
—
ry.
Other
_
$12,457,602
_
for
State
income
tProvision for est. Federal
Provision
for
post-war
taxes—
Net
1:-.
beginning of
Total surplus
Preferred dividends
Common dividends
year
^
—
~j__———
Balance
surplus at end of year
per
common
"Including
Federal
share
$2,257,456
11,645,304
583,129
depreciation:
excess
profits taxes:
,____i_ $13,220,454 $12,151,231
$3.33
$1.87
1943, $36,775; 1942, $38,858.
tincluding
1943, $6,500,000; 1942, $400,000.
Note—The provision for
estimated Federal income and
excess profits
taxes for the fiscal
year ending Aug.
31, 1943, amounting to
is after
$8,000,000,
deducting the post-war credit estimated at
$715,000 of which
$682,000 is being availed of in
respect of debt retirement.
Consolidated Balance
Sheet, Aug. 31
Assets—
Cash in
banks
1943
Advances for purchases of
Inventories
i
Other
assets
and
._.
_
(net)—,
raw
materials
.
investments
Land, at cost—.
"'Buildings, machinery and
equipment (net)
Process, patents and
trade-marks, net
Prepaid expenses and deferred
charges
___
—
6,829,071
1,022,049
17,407,976
3,024,583
1,386,493
14,565,670
159,534
222,242
——
payable to banks
—
Accounts payable and
accrued liabilities
Due to allied and
affiliated
tFederal
Reserve
t$4
$1,735,000
$4,169,338
Companies
dividend
payable_uVj~.
—
dividend payable
1
Common
and
convertible
([Common
14,165
pfd.
stock
surplus
Capital surplus
Earned surplus
Preferred stock in
treasury
stock
in
treasury
__i
17,813,036
17,813,036
2,758,750
2,758 750
3,200,000
5,805,751
13,220,454
Stock
—
(8,000 shs.)
(16,871 shs.)
12,151,231
(Dr)__.
480,840
480,840
(Dr)__
245,411
245,411
Total
—,
*
After
reserve
for
depreciation:
$56,799,337 $48,043,574
1943,
(no
par),
including
16,871
reacquired
shares,—V.
158,
p.
991.
(net)
$6,461,038
326,801
Drl4,588
Z)rl4,840
Drl53,154
tOpe^.
exp. and taxes—
"Federal income taxes_
tChgs. in lieu of inc. tax
Other
income
$724,669
(net)
2,631
Gross income
Total
Net
Div.
int.,
etc.,
pfd.
on
"Federal
$7,337,652
4,163,176
$643,692
1,547
$6,520,476
3,767,896
446,084
461,832
322,500
981,418
180,213
66,414
$2,224,332
11,849
income
taxes
the
219,846
$2,417,741
856,108
$425,394
$1,561,633
$2,243,332
892,375
$1,339,957
20,863
257,436
$810,422
271,371
276,857
2,746,850
in
426,653
428,500
$318,534
$1,134,980
$911,456
the
1942
of
15,492
$533,565
$4,145,271
85,439
852,799
in
State
inc.
tax
;_
income
Net
stk.
$271,494
96,645
$179,207
46,243
55,347
27,653
railway—4,427,141
railway—.
158, p.
2,100)
$23,118
periods
1942.
to
and
of
have
been
1,500
$29,595
hand
on
demand
.
deposits in banks,
of
$92,767; U. S.
indebtedness, %%, due Sept. 1, 1944
(hypothe¬
demand notes
secure
payable
as
per contra),
$25,000; divi¬
receivable, $2,960; accounts
receivable, due on sale
through dealers, $12,305; marketable
securities—at
values, $1,292,160; prepaid
expenses and other
interest
capital
quoted
Sheet, As Sept, 30, 1943
and
stock
market
deferred
items, $557; fixed assets, $398;
total, $1,426,148.
Liabilities—Demand notes payable—banks
certificates of
indebtedness having
(secured bv U. S.
Treasury
value of $25,000, and other
2,003,509
1,504,234
520,842
262,972
262,297
$50,000;
132,833
provision for taxes,
stock
($1 par), $427,801;
capital surplus, $470,218; earned
surplus, $374,■*
768; unrealized appreciation in value of
marketable securities,
$23,573;
total, $1,426,148.—V. 158, p. 1182.
marketable
Manufacturing Co.—Earns.—
a
par
securities
having a quoted
market
value
of
$39,375),
payable, $50,000; accounts payable,
$5,841;
$13,588; other liabilities, $10,359; common
unsecured
notes
Woodall Industries, Ine.—To
Pay 15-Cent Dividend-
it
was
payable
:
'.
...
1943
\
booked
made
Oct.
Orders
Sales
unfilled
^
billed
31,
—
Income before
Income tax
Excess
Fed.
&
tax
income
post-war
Post-war refund of excess
Provision for post-war
profits
tax
Net
income
"After
————————1——•___
provision
for
renegotiation
of
158,
p.
computed
in
charges represent
declared
no
payment
10
was
a
par
value,
distribution
similar
cents
position
He
also
on
:
that
the
consisting
stated
that
principally
this
of
company
study to the post-war picture
nelarge peacetime production
to
figures,
has
company
for
the
aircraft
The
company's' normal peacetime
production, largely supplied td
automotive industry, includes
products used in the manufacture
of
passenger automobile bodies, truck cabs
and
automobile trailers,
including inside panels, door panels, insulated dash
panels, interior
cab tops and sun
visors, as well as numerous other items used in
body
insulation against heat and cold as well
as
sound.
Woodward & Lothrop,
Washington, D. C.—Extra Div.
An extra dividend of 30
cents per
dividend of 50 cents per share have
stock,
11,724,041
$10,
both payable Dec.
distributions of 30 cents per
par
last year,
and Dec. 27,
1941.—V.
share
the
usual
declared
holders of
to
share
158,
and
been
28
p.
also
were
quarterly
the
on
common
record
made
Dec.
16.
Dec.
on
30,
588.
Wright Aeronautical Corp.—To
Pay $7 Dividend—
The
the
directors
capital
Nov.
on
stock,
24
payable
declared
Dec.
22
a
to
dividend
holders
of
of
compares with $8 paid on Dec.
with $4 on Dec. 14, 1940.—V.
14, last year, and
158, p. 900.
$7
share
per
record
on
Dec.
Oct. 28,
3.
on
This
1941, and
*14,491,608 til,376,217
payments,
1864.
York Corrugating Co.—15-Cent
Distribution—
The directors have declared a
dividend of 15 cents
per share on
the common stock,
par $1, payable Dec. 10 to holders of
record Dec. 1.
This compares with 30 cents
revision of
applicable
to
these
share paid
per
July
1
and
Dec.
10,
1942.—V.
157,
on
July
10,
last,
and
on
2356.
p.
Weyenberg Shoe Mfg. Co.—Debentures Called—
The
(L. A.) Young Spring & Wire Corp.
(& Subs.)- -Earns.
has called for redemption as of
Dec. 15, 1943 a tota:
4%% debentures due Dec.
15, 1945 at 10iy2
Payment will be made at the First
Wisconsin Trust Co.,
trustee, Milwaukee, Wis.—V.-157, p. 2056.
of
company
$100,000
convertible
Quarters Ended Oct. 31—
1943
Oper. profit after depr.
$1,465,408
and interest.
Wisconsin Central
Period Ended Oct. 31
Total
revenues
expenses
—
Net
after
taxes
1942
1941
1940
$202,091
$328,936
22,623
$219,280
27,347
$1,508,573
$229,438
$351,559
$244,827
deducts.
67,318
54,904
Canadian taxes
15,397
1,061,802
23,087
69,505
133,745
56,667
$373,453
$105,030
$202,417
$165,073
other income
ry.
$517,833
$441,961
Dr8,953
Z>rl4,755
Dr_
31,105
29,956
income-
oper.
$477,774
$397,250
7,563
3,857
income, net
$3,766,166
Crl7,691
295,792
43,165
—.—
$3,488,065
44,963
charges
road
$401,107
other
profit
—
Dr263,061
299,481
Youngstown Sheet & Tube Co. (&
3 Months Ended
26,051
$3,351,913
Sept. 30—
5,235
6,658
51,655
66,577
5,416
6,813
60,242
74,209
$474,686
$387,636
$3,421,131
$3,211,128
Int. being accrued and
paid
573,432
-
inc.
and
excess
"Net
profits
1942
'
1941
$10,832,972 $12,105,845 $14,722,721
3,420,754
2,978,435
2,133,236
Depreciation and depletion, etc
Interest
L
Fed.
Subs.)—Earnings—
1943
Operating profit
&
—
25,547
Note—Operations of L. A. Young Industries of
Canada, Ltd., and its
subsidiary, have been consolidated on the basis of the
official rate of
exchange, prevailing during the periods, and amounted
to $17,635 in
1943.—V. 158, p. 296.
$3,325,863
$3,533,028
and
Net
I
$485,337
income——
Fed. and
$3,888,405
Income avail, fo rfxd.
"Fixed charges:
Rent for Isd.
Int.
1943—Month—1942
1943—10 Mos.—1942
$2,069,720 $1,832,098 $18,075,128
$16,715,671
1,305,893
1,185,368
11,733,497
10,892,165
131,897
102,967
1,524,420
943,630
114,098
101,802
1,051,044
991,471
Hire of equipment———
Joint facility
rents,
Total
Railway—Earnings—
—
taxes—
596,758
6,071,000
4,740,000
657,836
8,828,000
profit
$2,098,786
$2,459,652
$3,103,649
"Subject to the provisions of the Renegotiation
Act.—V. 158, p. 1944.
Net
after fixed chrgs.
being paid currently
tlncl.
amort,
of
Equip, (in
Road
exc.
of
prop,
this
2,629
2,786
25,764
13,216
28,355
21,708
27,027
283,708
228,559
nor¬
depreciation
"Does not include
interest
being paid currently.—V. 158,
Youngstown Steel Door Co.—Renegotiation—
As
a
result
Supplemental
defense
depreciation—
being accrued
p.
1774.
corporate books but not
agrees
.1942,
renegotiation,
has
Defense
concluded
pursuant
the
Revenue
1480.
sum
may
income
of
$79,224
determine
and
less
Section
403
of
the
as
such
sum
the
amount
taxes
as
of
the
the
for said
Sixth
amended,
whereby
profits
during the fiscal
profits
as
excess
to
Appropriation Act, 1942,
renegotiation agreement
States, on account .of
a
to pay to the United
contracts and sub-contracts
Federal
p.
of
National
company
under
243,573
on
is
and expects
compared witji
experience gained
the
45,004,314
7,219,497
26,060,776
adjustments
periods.—V.
a
A
taking advantage of the increased
through extensive metal working and
engineering
industry.
war
give effect to renegotiation
provisions and post-war
tax
of
in
be
previous
have
stock,
6.
;
to
pre-war
contract prices.
tOperating statements previously issued for the
periods ended Sept. 30, 1942
have been revised to
Federal
The
directors
capital
Dec.
Earnings statement for the company's fiscal
year which ended
Aug. 31
the near future.—V.
157, p. 2460.
14,425,470
contingencies—
last.
the
the
on
record
Woodall, President, announced
$20,000,000 of unfilled orders
giving
Cr4,919,256 Cr2,606,077
4,853,118
2,953,901
:_____
20,
of
is expected to be issued in
8,190,270
49,192,569
adjustments—
July
26« that
share
per
holders
parts and assemblies.
much thought and
5
*71,809,309
———_
before
J.
aircraft
Extra
post-war adjust—
to
tl942
•
$
'
profits
Net
taxes
—
Nov,
on
cents
15
1941.
upwards
766,996,571 841,505,552
974,869,131 867.104,570
—"503,537,095 334,169,885
_—
15
on
Herbert
—1-.—_
.——
of
Dec.
was
Comparative Income Statement, 9 Months
Ended Sept. 30
Orders
announced
dividend
.
mal
tThese
2,154
761,145
1864.
&
1,597
3,508,641
1,514,740
1,923,003
561,883
income
1,144
1,000)
Crl0,587
—
Balance
dends
216,319
150,947
1,575
1,037
5,237
7,950
—i~_—
income
cated
$430,719
51,229
900
taxestaxes-
$35,328
$30,477
"Adjustment of taxes to amount
applicable to above net
profit
(balance applied against
profit on sales of securities in
earned suplus).
-Earnings-
$454,945
164,983
1,884
27
Wisconsin State inc. tax.
1940
income—_
$26,015
3,208
connection
Assets—Cash
1941
$43,707
3,792
—
760,685
1942
$37,597
2,303
loans—__
cap.
$5,983,964
4,605
45
—
$28,020
bank
interest
"Adjustment
$3,191,721
defense
$6,892,121
$21,410
10,962
—
—
on
.16,844
$32,699
Dr749
—
.
196
$38,553
17,143
14,845
$38,346
41
■
8,737
$49,543
$53,191
of
settlement
2,792,243
$357,819
sale
on
Federal
170,587
$629,190
projects—Road
106,860
Revenue Act
exps,—
9,780
995
'
$^8,020
Federal
$5,813,377
sales billed for the month
amounted to
$63,113,578, an increase
of 3% over last
August, the previous high month.
Employment at Westinghouse is also at an
all-time high of more
than 117,000
people.
Mr. Robertson pointed out
that
approximately
10,000 of
these
employees were added to the
Westinghouse rolls
October 28, when
Westinghouse was assigned by the
Navy to operate
the Naval Ordinance Plant
at Center
Line, near Detroit, Mich.
New orders received
by Westinghouse last month amounted
to $110,888,403 or 29% more than in October
1942.
The company's
of unfilled orders at the
backlog
end of October this
year amounted to
$976,101,040, compared with $889,528,642 at the
same date a
year ago.
"These figures," observed Mr.
Robertson, "certainly show that the
production phase of this
yar is by no means
finished, any more than
is the
fighting.
I think this is
brought home to us sharply as we
prepare to observe the second
anniversary of Pearl Harbor Day.
"We are still 2,000 miles
from Tokyo and 800
miles from Berlin
It's going to take a lot more
production records to give our
troops
all the weapons and equipment
they will need to travel those miles
and
wipe out the treachery of Pearl Harbor."
8,000
$413,355
with
$6,634,685
1943
oper.
equipment
$2,405,892
106,545
Balance
accordance
$1,805,323
$645,239
$6
stock
adm.
•
______
$43,513
_______
(avge. cost basis)
with
company delivered more equipment for the
fighting fronts and
industries in October than in
any other month in the
company's
history, it was reported Nov. 24 by A. W.
Robertson, Chairman.
Mr. Robertson announced at a
meeting of the Board of Directors
that net
1943—12 MOS.—1942
$519,900
;
54
income
Expenses
276,683
$789,559
22,661
Westinghouse Electric
Other
$727,300
207,400
deduct.
income
requirements
cum.
Int.
The
Net
1943—3 Mos.—1942
income
oper.
1940
$29,620
income
Other
jDrl46,307
$606,529
Federal income taxes-—
Earnings-
$2,231,419
1,219,750
179,500
107,500
1941
$38,768
14,418
,
$5,683,001
40,890
—;
Other taxes
due July 1,
1958,
as of Jan.
1, 1944, at 105 and
interest.
Payment will be made at the
City National Bank & Trust
208 South La Salle
Co., trustee,
Streeet, Chicago, 111.—V. 156, p. 1960.
Period End. Sept. 30—
Total
oper.
revenues—
1942
Profit
,
3,808,000
$763,509
have been called for
redemption
Net
5,002,000
60,081
___
railway
railway——
from
ry.
tTotal
West Ohio Gas
Co.—Bonds Called—
All of the
outstanding first mortgage 5% bonds
West Texas Utilities Co.
President.
-Earnings—
$11,725,091;
1942, $11,273,633.
Federal excess profits taxes.
tRepresented by 300,000 shares
par) including 8,000 shares
reacquired.
([Represented by 300,000
shares (no
tincluding
the
$38,773
profit
sec.
438,000
January 1—
Net
3,200,000
5,805,751
Paid-in
Common
2,239!353
800,000
___—
to
4,938
and
Other
1943—Month—1942
1943—10 Mos.—1942
$2,836,227
$2,935,868 $29,177,260 $25,401,502
1,745,191
1,734,359
17,714,222
15,910,501
1774.
from
Net
43,868
292,100
145,782
9,014,747
income taxes—
post-war adjustments
for
2|584!954
292,000
437,347
State
to President—
Assistant
1,775,126
;
oper.
From
$56,799,337 $48,043,574
Notes
Preferred
3,582,423-
3,315,901
income-
of
p.
from
Total
Liabilities—
appointed
sees—
mktable.
on
Gen.
Ry.—Earnings-
from
ry.
$3,425,956
7,011,535
4,466,509
1,247,170
18,493,163
2,984,356
1,379,938
14,832,995
135,534
240,731
S.
1942
$6,007,406
and
on hand—
Government securities
Accounts and notes receivable
U.
6,151,046
14,993,348
85,280
158,
Net
$2,139,773
874,694
—
been
1943
Total
,
_
3,419,479
war
$15,263,148 $13,902,760
1,168,000
1,168,400
1
6,580,269
security income—
Other
8,907,399
—
income
Net
173,462
r
Earnings
750,150
10,058,470
.
Western Ry. of Alabama
1,750,000
$3,111,917
12,151,231
——
.
$38,520
Treasury certificates
800,000
profit for year
at
Int.
19,372,625
October—
438,500
taxes—
$9,345,685
Balance
988,350
$561,036
rents
oper.
amort,
Gross
8,000,000
.
income
adjustments™
has
Period Ended Sept. 30—
on
mktable. sees.
30,688,796
12,938,876
projects
—V.
$4,397,229
216,311
107,185
Dunlap
Divs.
____
_
Provision
1940
-
$2,229,468
983,309
charges
Net
--V.
Net profit
Interest
1941
2,737,913
—530,000
rents
income
"Incl.
$4,007,143
390,086
443,683
—
T.
158, p. 900.
$2,983,788
1,358,516
1,984,878
Gross income
4,781,538
$12,013,919
___—
—
facil.
Net
Gross
income
Robert
since,-r-
20,030,684
.
expenses—
—
Joint
75,936,459
4,738,127
14,304,031
4,968,801
3,794,830
______
Wickwire-Spencer Steel Co.—Asst.
compares
none
41,081,113
.
revenues—
Equipment
1942
103,650,117
._
398,450
20,160,500
7,885,233
2,858,567
Profit
Operating income
bonds
$120,402,163 $84,725,140
_
...
administrative and general
342,961
17,723,932
692,820
22,566,958
from
Wisconsin Investment Co.-
1942
$4,467,358
1774.
p.
oper.
Taxes
Consolidated Income
Statement, Years Ending Aug. 31
sales
income—
oper.
Operating
the
Wesson Oil & Snowdrift
Co., Inc.—Secondary Distri¬
bution—Merrill Lynch,
Pierce, Fenner & Beane effected
a
secondary distribution Nov. 23 of 5,000 shares
$4 con¬
vertible preferred stock
(no par) at 78, with a conces¬
sion to dealers of
$1.25 a share.-
Cost
569,959
359,416
common
This
1942;
1,244,753
from
158,
Fixed
Net
income—
Period End. Oct. 31—
California
1943
the
on
30.
14,
2,499,490
,
Western Maryland
any
Burroughs, 3,000 Lehman, 7,000
Underwood-Elliott, 2,000
Edison and $125,000 Central
Illinois 4s of 1949.
Principal new purchases were 1,500
Celanese, 5,000 Philadelphia Elec¬
tric,
2,500
Standard
Brands,
4,000
Tidewater
Associated
Oil,
500
Chrysler and 1,000 United Gas Corp. preferred.—V.
158, p. 2089.
"Selling,
declared
Nov.
Dec.
Net
largest eliminations from the
2,000 Anaconda Copper, 2,000
3,000
Southern
been
record
and
$4,798,451
.
„
oper.
ry.
—V.
was
at
Government
represented
12
$1,649,333
707,442
share¬
beginning of the year.
The largest common stock
holdings of Wellington Fund by industries
were food,
beverages and tobacco, 7.09%; railroad
equipments, 4.87%;
railroads, 5.60 %r and utilities 5.33%.
Cash and
portfolio
has
of
June
1943
railway.—.
railway—
January 1—
railway—,.
from railway
Net
the
than
with
holders
on
1940
$2,043,023
999,226
income—
oper.
railway.
Net from
railway.:——
Net ry, oper.
income-*—V. 158, p. 2089.
RR.—Earnings—
from
ry.
Net
on
on
new
1943,
number
compared
share
per
to
780.
from
Gross
to
Sept.
on
many
Sept. 30,
on
a
13
paid
1941
$2,298,677
869,270
From Jan. 1—
Gross
Co.—50-Cent Payment—
From
Wellington Fund amounted
quarterly dividend of $122,143
payment of the
dividend was the 55th
cents
each
October—
7.—
of
resources
were
holders
a
1943,
after
ry.
1942
$2,239,607
railway
railway
high¬
Wellington Fund, Inc.—Quarterly Report—
Sept.
Net
1943
from
from
-V.
Net
On
50
Dec.
cents
158, p.
Net
$9,885,912
of
payable
25
Western Facific
dividend
to
dividend
stock,
with
fol¬
1774.
p.
Net
purposes
of comparison,
earnings figures published in
have been
appropriately adjusted herein to give effect to
income
adjustments recorded subsequent to
Sept. 30. 1941.—V. 158. p. 1286.
West Virginia Coal & Coke
the
expec¬
improvement.
directors
158,
that
everyone
public
a
and
The
on
almost
period,
to unamortized debt
discount and expense,
than Federal income and
excess profits.
because
available
with
post-war
credited
1941
tax
be
6, 1943
Wheeling & Lake Erie
Ry.—Earnings-
October—
Gross
Such
Note—For
same
extremely low prices prevailing, while at
time costs of construction were
rising because of the man¬
shortage and inability to replace and repair worn-out
machinery.
Regarding the
been
tincluding taxes, other
under
would
explained,
now
its
on
current
amounts have
same
power
V.
the
decreased
industry
in
on
Monday, December
to
additional income taxes which
would have been
earnings if the company had not had the
benefit
for tax
purposes of deductions for
discount, call premium and expense
resulting from the refinancing of
long-term debt in
1939.
the
at
completed
completed in 1942.
for an indefinite period
earnings
equivalent
payable
highly competitive conditions and that
they would not show
percentage of profit as the business
It
amounts
Class C Stock—
on
it
realized
year
ended Dec. 31.
Bureau of Internal
credit
fiscal
allowable
year.—V.
for
158,
Volume
-I
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4235
158
lit*
i
i
<
*
>,
SOUTHERN DISTRICT
Gross And Met Earnings Gf
Gniied States
Railroads For The Month Gf August
Gross
and
net
before recorded in the
never
1943, were $800,232,157 against $683,805,652 in August, 1942, a gain
$116,426,505, or 17.03%. With the ratio of expenses to earnings
remaining the same as in August, 1942, net earnings were accordingly
larger, amounting to $332,944,921 in August, 1943, as against $284,516,331 in August of last year, an increase of $48,428,590, or 17.02%.
The ratio of expenses to earnings was 58.39% in August of this
year, as already mentioned, the same ratio as it was in August of
last year.
We now give in tabular form the results for the month
of August, 1943, as compared with the month of August, 1942.
of
Incr. (+) or Deer. (•—)
<
Month
of
August—
of'132
Mileage
'
,
I.
roads
Gross
earnings -i™.™™.™™.
Operating-expenses ™:_™™™Ratio of expenses to earningsNet
+1™.J
earnings
,:.(58.39%)
;
Amount
+
1,505
+$116,426,505
1942
230,805
$683,805,652
399,289,321
(58.39%)
1943
'229,300
$800,232,157
467,287,236
$332,944,921
>
•
*■
When the roads are arranged in groups or geographical divi¬
sions, according to their location, all the leading districts—Eastern,
Southern and Westerm—as also all the different regions grouped
under these districts, record large gains in gross and net, with the
single exception of the New England region which reports a loss of
2.76% in the net.
Our summary by groups appears below.
As pre¬
viously explained, we group the roads to conform to the classifica¬
tion of the Interstate Commerce Commission.
The boundaries of
the
different groups
the table.' '
:
the
Ohio
and regions are indicated in the footnotes
'?■
.•;
' ■• ••
' /.
••
•
.•%.' .
to
;
'
'
-
-Gross
Pocahontas Region—Comprises the section north of the southern
boundary of Vir¬
east of Kentucky and the Ohio River north to
Parkersburg, W. Va., and south
of a line from Parkersburg to the southwestern
corner of Maryland and thence
by the
Potomac River to its mouth.
119965870—.
Eastern
District!—
'■
•
(10 roads)
New England-region
™™
:
Inc. ( + ) or Dec.
$
.
$
'
2,695,847
+
25,469,318
28,165,165
131,130,933'
159,888,694
and
Region—Comprises the section adjoining Canada lying west of the
Region, north of a line from Chicago to Omaha and thence to
Portland,
by the Columbia River to the Pacific.
Central
west
of
from
St.
Western
line
a
Louis
to
and
of
St.
1
Total (51 roads)—
113,831,800
•f
17,299,133
140,608,392
+
19,280,302
Southern District—
Southern
(—)
%
+10.58
+15.20
+13.71
39,275,282
+ 14.03
.
(26 roads)
(4 roads)
region
+
279,909,510
319,184,792
—- ...
107,639,748
93,949,894
37,478,168
__
'
and
a
line
the
from St.
section
Louis
+
33,431,542
Total
roads)
(30
...
——
13,689,854
4,046,626
+ 14.57
+
+
12,10
17,736,480
+ 13.92
Western District—
Northwestern region (15
47,256,965
143,074,384
+
13,721,030
+ 18.48
+
34,037,384
+ 23.79
59,183,357
+
11,656,329
+
19.70
335,929,449
276,514,706
+
59,414,743
+
21.49
800,232,157
683,805,652
+116,426,505
87,977,995
roads)—-
177,111,768
.™
70,839,686
.
lying
to
Month
-Gross
of
1199380542672340
Year
August
-
-Net
District and Region
6,644
42,185,261
53,231,653
63,587,105
56,717 '
+
+
.•
279,128
8,924,026
10,355,452
% '
2.76
+18.78
+19.45
—
+! 18,000,350 +17.06
123,535,642
105,535,292
37,622
45,834,225
40,967,275
+
6,047
56,267
—
—r
50,109,287
18,651,759
16,625,907
+
Southern District—
Southern
region..— 37,406
Pocahontas
region.
—
Western
43,669 f
43,422
—
57,593,182
64,485,984
+
Paso,
—
1911—
1912_
—
243 ,816,594
245,784,289
+
$27,560,148
+
17,839,341
Feed
239,230
235,404
219,492
237,159
+
1.92
247,809
245,754
54,673,436
+
19.61
245,516
244,765
39,771,575
+ 11.92
247,099
246,190
135,759,795
+ 37.45
230,743
230,015
333, 460,457
278,787,021
—
373 ,326,711
333,555,136
—
498 ,269,356
362,509,561
—
469 ,868,678
502,505,334
—
541 ,549,311
460,173,330
+
81,375,981
554,718,882
504,154,065
—
+
—
32,636,656
—
—504 ,599,664
—
472, 242,561
563, ,292,105
473,110,138
507 ,406,011
•563,358,029
554 ,559,318
...
+
6.49
233,423
233,203
+ 17.68
227,145
226,440
9.04
223,815
233,067
—
50,119,218
—
6.33
235,294
235,090
+ 19.06
235,357
235,696
55,952,018
•*-
9.93
235,172
235,445
47,021,764
+
9.26
236,750
236,546
+
4.31
236,759
236,095
31,911,054
—
+
507,537,554
+
.+
23,857,842
—
—
90.181,967
—
+11.88
+12.19
6,892,802
+11.97
District—
Total
31,518,250
75,770,648
31,262,412
26,741,690
+
129,611
130,419
144,923,295
121,387,857
+
a—
Total all
332,944,921
230,805
dlstrlcts_.229,300
Note—Our
grouping
4,520,722
+20.22
+20.03
+16.91.
23,535,438 ■+19.39
284,516,331 + 48,428,590 +17.02
and regions:
froups
classification of the Interstate
the confines of the different •
of the roads conforms to the
and the following indicates
■
•
- • - •
EASTERN DISTRICT.
.
-
1
.
,
,
Region—Comprises the section on the Canadian boundary between
England and the westerly shore of Lake Michigan to Chicago, and north of a
from Chicago via Pittsburgh to New York.
Great Lakes
Central Eastern
New
line
the Great Lakes Region east
Region-—Comprises the section south of
the Mississippi River to the.
Parkersburg, W. Va., and a
of Maryland and by the Potomac River to its
Chicago through Peoria to St. Louis and
mouth of the Ohio River, and north of the Ohio River to
Of a
line
line from
thence to the southwestern corner
mouth.
•
.
..
.
'
.
22,686,735
normally sell grain
feed areas,
farmers are unable to
buy corn and are selling young
pigs at less than half the price
prevailing last spring.
The
Reports
:rops
ige
now
i
on
the
yields of
the
being harvested aver-
of
normal, compared wifth the
unusually high average of 83 on
the
about ,as
expected
for
the
and a larger total corn
than in any season prior to
1942. The early November snows
in the northwestern part of the
not
delay husking but
cause
In
ago.
the
Southwest, winter
relatively little
wheat will furnish
3.92
238,672
237,824
0.03
240,724
239,205
little
1929
585 638,740
557,803,468
+
27,835,272
+
4.99
241,026
'241,253
1930™—™
465
growth
586,397,704
—120,696,915
—20.58
242,444
1931__™
364 010,959
—101,751,861
—2185
241,546
243,024
—112,017,534
—30.79
$42,208
48,737,988
+ 19.36
241,166
242,358
4.82
'239,114
240,658
4.00
238,629
238,955
+ 19.25
236,685
237,831
2.59
235,321
235,879
than
234,479
235,324
indicate
...
700,789
1932™
251 761,038
465,762,820
363,778,572
300, 520,299
251,782,311
1934___
282,,277,699
296,564,653
293 ,606,520
282,324,620
1936.™.™.
350, 084,172
+
293,578,257
358, ,995,217
349,923,357
314 ,790,136
358,995,218
1939—™..
343, 809,034
1941.—.4.
—
14,286,954
—
1937
+
—
11,281,900
+
+
56,505,915
+
9,071,860
+
—
44,205,082
314,738,181
+
29,070,853
380 ,673,990
343,809,034
+
36,864,956
493 ,705,240
380,785,702
+
112,919,538
1942
683, 805,652
493,696,240
+
190,109,412
+ 38.51
1943-™...-
800
683,805,652
+
116,426,505
+ 17.03
232,157
—12.31.
of
1909
Year Given
$85,880,447
86,224,971
—
1915—™_
1918™
-
230,805
) or,
Decrease (—)
%
$13,720,823
+
+ 19.01
844,916
—
—
595,069
—
+
—
11,425,466
9,106,170
0.94
0.69
+ 13.03
—
9.87
+
4,668,828
24,312,758
31,315,528
—224,226,374
+
0.54
+ 11.20
—
3.71
+ 20.56
.
—
—21.81
—207.51
248,237,870
+ 198.32
36,787,070
—29.82
49,897,384
+ 57.60
—
drought
of
both
large
for grain to the October 1
stocks of all feed grains indicates
a
farm supply of feed grains of
121
serious
loss.
million
October
+ 23.62
12,989,753
+
15,697,472
1928—
173,922,684
164,087,125
9,835,559
■+
5.99
190,957,504
174,198,644
16.758,860
+
9.62
aged
1930.™—
139,134,203
62,540,800
191,197,599
139,161,475
95,070,808
96,108,921
62,553,029
.71,019,068
...
8.74
—
52,063,396
—27.23
44,043,146
—31.65
1941
94,507,245
+ 53.64
23,488,177
—
—34.22
—24.85
72,794,807
1,108,150
+
31,621,369
+ 43.53
104,255,716
12,831,096
—12.31
85,698,152
91,404,620
96,767,942
L.
+
72,650,775
91,424,620
1937—
71,686,657
104,272,144
—
85,703,240
113,832,028
—
+
—
11,064,702
17,064,086
+
1.55
+
5,706,468
—
96,767,492
6.24
+ 12.91
+ 17.63
1941___—
179,888,764
113,877,166
+
66,011,598
+ 57.97
1942.
284,516,331
179,888,764
+
+ 58.16
332,944,921
284,516,331
+
104,627,567
48,428,590
1943
„
expected to yield about
is
206 million
to
The soybean
up
expected to be nearly
bushels, close to pro¬
last
Principal
the
are
down
likely
crops
prospects
beans
and
of
to
a
fall
month
peanuts, each
down about 3%, and sugar beets,
down nearly 4%. Conditions on
November
1
still
indicated
a
Although all estimates of
at
this
season
crops
are
subject to re¬
after
completion of the
current
survey of the acreages
and production of
crops on indi¬
vision
vidual farms,
the advanced stage
of harvesting now permits a
fairly
accurate appraisal of the season's
output. From every point of view,
the record is one of great accom¬
plishment under difficulties. The
planted
acreage
only
was
percent under what
a
few
likely
to be the maximum to be
expected
during the war. Crop yields per
acre
averaged
1923-32
seems
24%
above
the
or
pre-drought level and
slightly higher than the yields of
any past season prior to the phe¬
nomenal
yields of 1942. These
yields were not accidental
high
for
the
that of
weather
1942,
was
of
1943, unlike
not much more
favorable for crops than the
aver¬
during
all past seasons for
have records. The high
yields were due primarily to bet¬
age
which
we
ter
farming practices and tech¬
nical improvements that were not
apparent during the drought and
depression
With
yields
being
the
acreage
pushed
conditions, total
crop
up
by
and
war
production
In 1943 will be about 18%
above
to
and
ranged
tons in
jnillion
58
million
in
.
the
1934.
than
year
have
been
the
on
farms
at
time prior to this year, but
some shifts between regions and
any
between kinds
if
to be expected
are
prices continue out of balance.
There
about 2%
are
farms
on
than
last year, but total
tion on November
more
at
this
milk
time
milk produc¬
1 was down
,
about 2Va%, The number of hens
and
pullets, of
farms, is about
number
last
laying age on
7% above the
and October
production was up about 7%.
Many dairymen and poultrymen
year;
egg
unable to obtain the quanti¬
ties and kinds of feed they would
like to buy; others, who have the
are
grain
it,
have been able to obtain
or
are
feeding
more
liberally than
usual.
The total
1943 fruit production,
including 8 major deciduous fruits
and
the
vested
citrus
this
fall
crops
and
to
har¬
be
next
spring
summer, is expected
about 9%
less than the
corre¬
and
to
be
sponding total for last year. Ac¬
cording
to
present
indications,
total United States citrus produc¬
tion will be about 3%, more than
last season's total. Production-of
all oranges and tangerines will be
about 7% more, and all
grapefruit
about
3%
less
than
Growing
conditions
favorable
in
cept
all
last
more
the
8
(apples,
season.
have
citrus
been
areas
Florida, where most
need
years.
both
114
Supplies this
year are sufficient to permit car¬
rying more livestock next year
cows
still subject to some risk but
ago
about
drought
+ 17.02
"Deficit.
below
94 million tons
from
32,530,008
130
million
—
33,555,892
the
year
about
was
tons, of which about 102
tons disappeared
before
July 1. During the preceding 15
years, the October supply aver¬
2,148,281
31,821,455
—
tons... Last
supply
million
136,817,995
1.57
are
distributed
hum
134,737,211
7.81
evenly
closely utilized, they would
nearly normal rates of
feeding per head until the begin¬
ning of the next harvest. Adding
the production of corn and
sorg¬
166,426,264
179,711,414
—
if
permit
134,669,714
,
hay and feed grains
and,
and
166,558,666
179,416,017
164,013,942
+
in
Mississippi, New Mexico, west¬
Kansas, Delaware, Maryland
Virginia. Nationally, supplies
1924—™
—
particularly
—
ern
1925—™
95,118,329
areas
and
118,114,360
143,561,208
>
the
229,300
86,622,169
1926™—
in
of
+ 26.52
136,519,553
shortages
Oklahoma and Arkansas and parts
123,353,665
—
in 40 States and
ago
acute
232,821
108,053,371
*125,167,103
1923
year
232,226
471,544
10,039,578
85,566,595
a
230,948
26,373,215
123,070,767
a
232,199
125,899,564
*116,173,003
the
on
hay and roughage, as
percent of normal, were lower
233,379
89,673,609
:<
1922-
reports
of
232,772
87,300,840
112,245,680
November
10.72
99,464,634
,
tions.
supply
+
92,249,194
99,713,187
125,837,849
121,230,736
142,427,118
—
and
+ 29.65
87,718,505
83,143,024
87,772,384
for
grains
234,294
86,820,040
99,143,971
i
October
winter
crops, but the rains of early
November will help in some sec¬
233,384
89,529,654
1911—™_
242,217
through
of
cover
9.24
Preceding
$72,159,624
88,684,738
—
242,632
rain
+
•Net EarningsYear
Increase ( +
duction
crop
should
con¬
+
po¬
Sorghums for grain, a main source
tato crop of 469 million bushels.
ocal changes. Early frosts caught of feed in the Southwest, were
The largest potato crop in past
;ome
corn
in southwest Minne- nipped by early frost in Oklaho¬
years was that of 1928 when some
;ota and South Dakota, some pea- ma; but a record acreage, is being
427 million bushels were
grown
mts and other crops in the Southgrown and production is now ex¬
but not all could be harvested
vest and nipped gardens south- pected to total 107 million bush¬
because of the low price. Early
vard
into
northern
Mississippi els, substantially more than pro¬
freezing weather and snow have
md Louisiana
but in southern duction in any year prior to 1941.
caught part of the Idaho potato
owa and northwestern Ohio lateSweetpotatoes have been suffer¬
crop; some in Maine are still in
)lanted corn and soybeans had ing from draught but with the
the ground but,
even
if losses
i
chance to mature.
largest acreage since the depres¬
there should be heavy, the potato
The corn crop is now estimated sion years, production is expect¬
crop
harvested should still far
it
3,086,000,000 bushels, an in¬ ed to be nearly 76 million bushels,
crease
of
1% from October 1. compared with an average of 70 exceed thb quantity harvested in
diost farmers have husked enough million bushels. Soybeans and rice any previous year.
country as a whole but show many
date last year. The
same
dition of western ranges
averaged
79%, compared with 86% a year
165,107
duction
Corn Belt will
on
70%
as
+
|
•
pastures
556,743,013
year, and fully 100
of labor and permitted field opera¬
million bushels more than in any
with little interruption. Most of the cotton, soybeans,
preceding
year.
Rice,
at
69
potatoes and other late crops are under cover and a good start has million
bushels, would be 3 million
been made on cribbing the big corn crop.
On the other hand, the bushels more than last
year's rec¬
limited rainfall during much of October was decidedly unfavorable ord
output. Tobacco production is
for growth in pastures and for<$
——:
—
also still expected to be about
the seeding of winter grainsjmd to estimate the yield, and their
1,400,000,000 pounds, or about an
lover crops,
said the U. S. Crop reports indicate a higher yield average
crop.
idded:
of
reported
was
579,093,397
harvest is well advanced and pro¬
dry weather offset the scarcity
acre
condition
November 1
553,933,904
tions to progress
per
prefer to
now
their
livestock
rather
than sell grain at the ceiling price.
On the other hand, in some deficit
556i,908,120
earlier expectations.
most late crops was well advanced by Nov. 1
Reporting Board of the U. S. Dejartment of Agriculture, which
the feed
ease
556 406,662
are
AgricuHeral Department General Crop
Report As Gf November 1,1943
as
heavy marketings
577, 791,746
are
The harvesting of
a
1928—..™
1936™
Region—Comprises the New England States.
New England
sharply
winter pasture as
compared with
last year. The Southeast had too
1931—
CommercevCommission,
are
those prevailing
Situation, but supplies are uneven¬
ly distributed and seem to be
closely held. Many farmers who
1927—
+
6,371,985
63,127,917 "+126,442,731
37,890,235
55,874
28,923
region. 45,563
West,
Southwestern
year.
conditions
October and the
1929—™_J
Central
45,622
region 55,289
region. 23,759
Northwestern
but
The improvement in the
and sorghum crops
during
corn
216,709
240,831
5,272,843
1924
227,076
4.03
274,618,381
1922—.
230,925
1.70
280,919,858
•4,342,006
11,326,412
1923_——
234,805
T-
25,860,384
255,493,023
1921_
213,683
7.63
0.80
251,067,032
259 ,835,029
269 ,593,446
279 ,891,224
1919™
216,332
+
+ 10.30
276 ,927,416
—
Year
Preced'g
230,536
1913—.
1920—
favorable,
above production
previous
different from
last
conditions
increase
+ 13.92
1,967,695
—
1914—
—
1909,
—Mileage—•
Given
>1921™—_
6,016
-
4,866,950
2,025,852
"
Total
River
El
Year
Dec. (—)
$225 ,488,923 $197,928,775
251 ,505,986
233,666,645
1910—™_
Incr. ( + ) or Dec. (—)
$
'V- •
10,118,378 —
:
9,839,250
25,874
24,199
England region.
6,597
Lakes region. 25,664
region. 24,006
Great
Central East,
Total
$
1942
1943
+ 17.03
Earnings-
1942
1943
.V -—Mileage—
..
Eastern District—
New
Mississippi
thence to
Inc. ( + ) or
Preceding
August"
Total all districts (132 roads)
the
City and
Earnings-
Year
Given
Month
...
between
Kansas
In the following we furnish the
August summaries back to
for both the gross and net
earnings.
1940
+.
127,381,436
145,117,916
a
Region
by the Rio Grande to the Gulf of Mexico,
1938—__™
Pocahontas1 region
Northwestern
Chicago to Peoria and thence to St. Louis, and north of a line
City and thence to El Paso and by the Mexican boundary
Region—Comprises
Louis
.
particularly
any
output
crop
weather
of livestock tend to
Southwestern
south
the
Kansas
to the Pacific.
the
when
year ago.
Region—Comprises the section south of
from
below
it would be 5%
Northwestern
Great Lakes
1935
(23 roads)—
Central Eastern region (18 roads)—
6%
season
were
in
WESTERN DISTRICT
1933™„_„
Lakes region
Great
the average during the 1923-32 or
predrought period. This would be
1926—.—
Earnings
1942
1943
a
1927™.
AUGUST
SUMMARY BY. GROUPS—MONTH OF
:
.
District and Region
to
ginia,
1925:
1
River
1909——
+17.02
+$48,428,590
$284,516,331
%
+ 0,65
..+ 17.03
+17.03
,
67,994,967^
+
1
Region—Comprises
the section east of the Mississippi River and south
point near Kenova, W. Va., and a line thence following the
eastern boundary of Kentucky and the southern
boundary of Virginia to the Atlantic.
.
of
earnings of the United States railroads attained
history of the country.
Gross earnings of the railroads of the United States in August,
levels
Southern
2299
1
ex¬
groves
moisture. Production of
major
deciduous
peaches,
pears,
fruits
grapes,
cherries, plums, prunes, apricots)
(Continued on page 2300)
2300
THE COMMERCIAL & FINANCIAL
CHRONICLE
Rice
Agricultural Department General Crop
Report As Of November I, 1943
is
apples declined 2%
during October and is now 31%
less than last year's crop. Grapes
are 16% more than last
year des¬
pite
declines
in
most
States
cept California, where
is a record. Production
the
of
above
centage declines from last
These
production
crop
plums
tree
cated to be 10% more than in 1942
and 22%
The
permitted
year as
(Walnuts, pecans, al¬
monds, filberts) in 1943 is indi¬
larger than average.
for
to
of
the
the
in
Southern
completion.
crop
tion
of
In
The monthly compilation of
companies listed on the New York
Stock Exchange
reporting changes in their holdings of reacquired
stock was made available on Nov. 16.Following is the tabulation
issued by the Stock
prog¬
is
due
acreage,
increase
Exchange:
to
of
some
which
was
Southern
American
"second-year"
the
in
both
California
and
indicated 4% larger than in 1942.
reflects
better
outcome
for
late
The September frosts, occurring
in the extreme northern
part of
:
the
Fruehauf
■5%
Co.
of America,
Trailer
Co.,
convertible
5%
conv.
Jones
pfd...—
114
common—
&
Laughlin Steel Corp.,
preferred A
late
Lehman
Corp.
preferred
(The),
v
.
—
.U
,
.
156
4,100
1,548
70
170
837,924
6,911
6,121
5,706
common
cumulative
cumulative
35,224
78,158
44,918
6,111
.
(1).
—
B
',.
•
58,032
1,348
preferred—
;
.
13,226
116
„
5%
<14,035
:
3,300
•_
Motors
5%
39,525
57,532
53,567
—
Corp., common
/
C-imbel Brothers, $6 cum. preferred
Interstate Department Stores,
Inc., preferred——.
10-year (1932-41)
363,332,000 bushels.
30
Steel
General
States,
of winter storage
sup¬
source
.—a-
common
—:
T
12,519
35,200
.
„
in 1942 and the
the
Co.,
(The)—
Co.
Crucible
compared with 371,150,000 bushels
in
4,928
.
;
(J. I.) Co., preferred—j—
i
i
Century Ribbon Mills, Inc.,. preferred—'
Potatoes
potato crop for 1943,
including early and late potatoes,
is placed
at 469,092,000 bushels
of
common
Case
total
Production
Co.,
Belding Heminway
Borden
average
corn.
Oil
76,600,
36,000
39,032
.
.
2,546
75,700
t
.————
.
Barnsdall
Report,
446...
*
,
—35,200
Investment Co., common..
Corp., common -a—.—,
Barker Bros., 51/a% cum., pfd,——J
late
planted
preferred—
Associates
ma¬
The
Co.,
Per Latest
Atlas
The 1943 crop is
areas.
Ice
-a—.
/ Shares
Previously
Reported
Allegheny Ludlum Steel Corp., common—w,
American-Hawaiian Steamship Co.,
capital-,-,.—,
on
and
land
-
Shares
produc¬
expansion in
the
"V.\.
Company and Class of Stock—
in
low-producing
large
planted acreage in
Iowa,
Missouri,
northwestern
Ohio, and parts of Michigan and
Indiana.
Higher yields than
a
month ago in all of these States
Of N. Y. Slock & Curb Listed Firms
area
Califor¬
late and
was
the
particularly true
was
the
favorable
as
was
Much
weather
most
turity. This
for
prospect,
slow, but there is little
indicated
change
in
prospects.
purposes-
acreage of late corn to reach
near
the
ress
month
a
pertain
all
ing
nia
during Oc¬
tober, without widespread frosts,
peaches
nuts
of
estimates
Favorable
in
made it possible to bring harvest¬
grain, silage, forage, hogging, and
grazing.
ex¬
37,
pears
23,
cherries 37, and apricots 53. Crops
of practically all fruits and nuts
are
being closely harvested and
utilized this year. Production of
estimate
ago.
and prunes is 13% above last year.
Other deciduous fruits show per¬
follows:
the
still
conditions
year (1932-41) average of 2,349,267,000 bushels. The November 1
production is 30 million bushels
commercial
Changes In Holdings Of Reacquired Stock
The record rice crop of
69,019,C00 bushels indicated on October 1
(Continued from page 2299)
is indicated to be 17% less than in
1942.
Estimated
production
of
Monday, December 6, 1943
>
;
——-—a
common—.
(1)
—
"
•.
(1)
1
,8,500
9,400
tender vegeta¬
Madison Square Garden
Corp., common
26,400
26,700
plies, is indicated to be 368,810,- Mead Corp. (The), $6 preferred "A"——,—
producing areas the country, caused lower
100
140
quality 000 bushels
$5.50 preferred "B"
has been terminated by frosts,
compared with 287,2,947,
:
3,067
and lighter weight of grain, which
Nash-Kelvinator Corp., capital
;
—i.
054,000 bushels in 1942 and the National
84,410
but considerable acreages of
84,411
hardy is reflected in lower yield pros¬
Cylinder Gas Co., common.^
,J
10- year
6,812
7,312
average
of 290,548,000 National Department Stores Corp., 6'/o
crops such as bets, cabbage, car¬
preferred——a'pects on November 1 for Minne¬
3,545
4,145
bushels. The November 1 estimate National Steel Corp., capital
rots, cauliflower, celery, parsnips
2,155
1,955
(2)
sota, North Dakota, Montana and of
Newport News Shipbuilding and Dry Dock Co.—production
is
and
only
slightly
turnips remain to be har¬
$5 cumulative convertible
Wyoming. In Wisconsin and Mich¬ smaller than
preferred
—:
;
17,900
19,200
that of October 1.
Norfolk and Western
vested, especially in New York
Railway Co., adjustment pfd..
igan, the gain in areas which es¬
6,962 /:
7,162
Oliver Farm Equipment
Co., common—
and
Pennsylvania.
In
southern caped
By November 1 harvesting of
1,090
2,590
Pittston Co. (The), class A
September frosts more than
pref
the
late potato
areas, harvesting of such tender offset losses in
1,495
crop
had been Plymouth Oil Co., capital;
the frost-stricken
8,284
9,184
crops
as
mostly completed in all States ex¬ Radio-Keith-Orpheum Corp., 6% preferred—
snap
beans, eggplant, sections. A small
4,000
proportion of the
5,190
Real Silk Hosiery
Mills, Inc., preferred
green peppers and tomatoes has
6,575
Illinois and Missouri crops will cept Maine, Idaho, Utah and Ore¬ Rustless Iron and Steel
6,075
Corp., common
: »■ r
5
6
commenced, and these supplies show some shrink from frost dam¬ gon. In Aroostook County, Maine, Sheaffer (W. A.) Pen
Co., common———
2,749
2,748
(3)
will become increasingly
impor¬ age. In South Dakota, yields were about 7% of the record-high acre¬ Sinclair Oil Corp., common
330,922.05
339,838.15
Transamerica Corp., capital
tant during the next few weeks.
age
remained
unharvested
not measuring up to those indicat¬
by Twentieth
1,209,031
1,210,992
Century-Fox Film Corp., preferred
November 1 and only a few
50,763
Considering both North and South ed a month
52,931
days Virginia Iron Coal and Coke Co., preferred—...
ago as harvesting dis¬
4,112
4,192
of favorable weather were needed White (The S. S.)
the production in
areas
which closed
Dental, Mfg. Co., capital—..
greater
damage
from
1,462
1,442
Willys-Overland Motors, inc., 6% cum. conv.
will furnish the bulk of market
pfd..—....
m
66,395
75,895
drought, but the amount of soft Harvesting conditions in Maine
were
favorable during the first
supplies during the remainder of corn is
negligible, despite the ear¬
NOTES
the year is expected to be about
half of October
except for low
(1)
ly frost. Early husking returns in¬
Acquired and disposed of during the month of
October: 10 shares of
3% greater than in 1942, and 17%
2 shares of 5'i
common,
on
October
10-11
preferred A, and 2 shares of 5%
dicated that yields were not up to temperature
preferred B.
(2)
above the 1932-41 average. Heavi¬
which caused
Disposed of 200.
some
damage to
expectations
in
Pennsylvania,
(3)
Acquired 19, disposed of 20.
er
supplies of lima beans, snap New
undug potatoes. During the latter
Jersey, and Maryland, but
half of October,
beans, carrots, celery, eggplant, were
digging was re¬
higher in the South Central
,■/ The New York Curb Exchange has issued the
tarded by abnormal rainfall and
following list of
lettuce, green peas and spinach States, where the late corn re¬
issuers of fully listed securities which
have reported changes in their
than were harvested last fall are
muddy fields. Following 2 days holdings of
sponded to rains which checked
reacquired stock:
of digging in
indicated.
Cabbage, cauliflower, the summer drought. Yield
November, Aroos¬
Shares
pros¬
Shares
took County had several inches
cucumbers,
green
peppers
and pects were
Previously Per Latest
higher in the Western
Company and Class of Stock—
of snowfall,
tomatoes, however, are likely to
Reported
beginning November Air
Report
States, with record yields in pros¬
Investors, Inc., convertible preference..:
be in lighter volume this fall than
3. In Idaho, much of the
2,118
2,495
acreage American General Corp., common.
pect for the Pacific Northwest.
366,158
last.
was planted late and continued to
374,062
Cooper-Bessemer Corp., $3 prior preference
3,045
None
Husking of the second largest
grow
until mid - October, when Crown Central Petroleum Corp., common...
591
Looking ahead to the 1944 season Corn Belt
592
Dennison
crop started slowly, be¬ frosts killed
Manufacturing Co., A common
;
the vines. A freeze
estimates
8,680
bles
for
season
in
northern
—
v.
—„
*
*
-
,
—
~
—
—
——
a
—
'
.
r—,
.
.
.
...
—
made to date of acreages
of commercial vegetables
planted
to
or
ter
be
crops
...
cauliflower, escarole, kale, lettlice
and shallots, and
spring crops of
and
combined
acreage
about
16%
onions, indicate
corresponding
in
creases
are
of
greater
1943
onions
expected
to
these
than
be
a
Reports
and
the
on
clover
principal
seeds
indicate
grass
a
con¬
tinuation'
of
the present
rather
situation but probably no
serious shortages if
supplies are
utilized closely. Seeds of the win¬
tight
ter
as
cover
a
crops used in. the South
group,
are
abundant.
sidering the production
the
Con¬
of
cause
labor
rains
and
about
clover
192
million
to
appear
pounds,
be
com¬
pared with 214 million pounds in
sight a year ago and 264 million
pounds in 1941. These totals do
not include
lespedeza seed, which
has not yet been estimated.
Seed
supplies of the 3 principal
grasses,
and
pickers.
the
State
a
scarcity of
By November
raska
husked which
was
Dakota,
corn
was
picked to this
while in South
year;
with
about
half
gathered,
crop
of
operations
Elsewhere in the Corn Belt,
prog¬
ress
of
harvest was good with
generally ideal weather prevail¬
ing. The expanding use of me¬
chanical
pickers
was
offsetting
the scarcity of labor for
husking.
Record production in some of the
eastern Corn Belt States will tax
farm storage facilities for
corn
should
37%
thermore, feeding operations
seed
heavy, which should
less
than
a
year
ago.
The
the
South,
pounds
—
supply last
totals
326
million
36% larger than the
but the many new facilities built
to
house the record
1942
crop
The
second
The production of buckwheat in
is
estimated
at
1943
8,516,000
compared with 6,687,000
harvested in 1942, and
largest
corn
crop
10-year (1932-41) average of
7,029,000 bushels./The 1943 yield
of 17.3 bushels per acre is
slightly
less than in
indicated
is
crop
November
1.
A
this size would be 90 million
bushels
below
the
offer gradual
Buckwheat
record—3,085,652,000 bushelson
are
record
1942
crop of 3,175,154,000 bushels but
738 million bushels above the 10-
of
about
was
than
1942 but
the acreage
30%
larger. The season
generally
more
favorable
usual
as
frost
came
late
enough to enable most of the late
sown
buckwheat to mature.
about
Idaho's
the
that
undug
about
Mock,
——
a definite loss in the
field.
This leaves about 7,400,000 bush¬
els which
remained to be har¬
vested if weather conditions
per¬
mitted. These are included in the
November estimate of production.
Cellar
losses
harvested
after
of
1
but
erable.
In
County
crop
are
Oregon,
1,
but
area
consid¬
Klamath
about 90%
was
November
Deschutes
as
the
the
was
dug
Crook-
only ^65%.
Low
temperatures about Novem¬
ber
1
apparently caused little
damage. In Utah, a considerable
part of the crop remained in the
ground
November 1, but good
the first few
on
weather
prevailed
days of the month.
Compared
with
With the 1943 sweetpotato har¬
nearing completion, reported
yields indicate a crop of 75,801,000
decreases
in
October
1
the
late
sur¬
plus States of Wisconsin, Montana,
Idaho, Colorado, and Washington.
These
tent
offset to
were
by
moderate
a
large
ex¬
increases
in
Michigan, North Dakota, Nebras¬
ka, and Oregon. The 12 "other"
late States, as a
group, show a
over
the October
es¬
timate, because larger crops are
now
indicated in Indiana, West
Virginia and Iowa.
Estimated
production
in
the
intermediate
and
early groups of States is only
slightly different from the Octo¬
ber
estimate.
The
1943
late
bushels.
crop
harvest
is
the
largest since
1935, but the indicated yield per
is
year
1
bushel
below
Yields
States,
lower
in
as
a
than
1, with the
heavy
Quality of the
crop is reported to be generally
good in these States, though "hoi-
10-
the
Atlantic
rule,
are
indicated
Coast
turning out
on
October
pronounced
more
re¬
ductions in New Jersey, Virginia,
and South Carolina. On the other
hand, in Delaware
an
son
and
Maryland
abnormally late growing sea¬
improved sizes so that yield
prospects
are
much better than
a
month ago. North Carolina shows
a
slight increase. In the
Indiana
south
to
area
crop
than
was
from
Louisiana
Texas, and in California,
a
and
larger
indicated by Octo¬
ber 1 condition is
being harvested.
Alabama, Arkansas and Okla¬
homa,
under control in most of the
the
average.
mains
States.
282
...
500
12,203
42,150
;
10,500
indicated
ditions
month
a
during
vorable
in
182
None
12,193
for
most
17,000
10,700
.
earlier.
October
Con¬
fa¬
were
harvesting the
crops
sections.
the
October
unchanged,
Illinois,
Missouri,
estimate
but
,
crops
Kansas
Army Seizes 13 Leather
size
acreage
for
was
producing
this
since 1935, when 81,249,000 bush¬
els were produced. The
remarkably free of disease, with
late blight having been
kept well
crop
of
bushels, 9% above the 10-year
(1932-41) average, and the largest
In
potato
A
would be about 16% greater than
the 1942 production of
65,380,000
report, the November 1 estimates
show
Maine
vest
acre
the
in
common
16,867
Sweetpotatoes
storage
yet un¬
be
may
is
areas of North Dakota
where unusually high yields
per
acre were obtained.
6,000
10,315
potatoes
into
put
November
determined,
on
frosted
and
low-heart"
and in local
10,104
*
16,767
Stores
Corp., common—
United Wall Paper Factories,
Inc., common.—
Utility Equities Corp., $5.50 div, pr, stock....
will be
17,969
1,380
10,115
:
....
Voehringer Co., Inc., common.:.——
New Process Company,
common.—.
Selected Industries, Inc., $5.50 div.
pr. stock...
;
Cigar-Whelan
24,164
10,004
Judson,
United
19,663
17,769
—
...
one-fifth _of
of the crop
portion
common
Ludwig Baumann & Co., l'/o 1st preferred
Midland Oil Corp., $2 convertible
preference——
liminary surveys of freeze damage
indicate
Corporation,
52,298
23,944
(D.
Knott
pre-freeze
52,073
17,163
Department Stores, Inc., 6r/o preferred—..
Emil) Co., Inc., common.—...
Klein
36,000,000
prospective
crop
of
45,355,000
bushels had been harvested. Pre¬
Fur¬
the
Corn
is
situation.
bushels
date
net increase
bushels
on
the
ease
relief.
bushels
year.
the
somewhat ahead of last year.
were
totaling 39,400,000 pounds
supply for vetches, crimson clo¬
ver, and Austrian winter peas, the
principal winter cover crops of
less
amount
timothy, Kentucky bluegrass, and
redtop, total about 148 million
pounds or 6% less than in 1942.
Sudan grass supplies are
short,
or
sea¬
1, one-fourth of the crop in Neb¬
the
sweet
of
by November
1, with the present rate of har¬
very rapid. A large part of
the crop is being harvested
by
mechanical
pickers.
Harvesting
operations are late in Missouri be¬
last
and
part
that
Hearn
undug. Up
crop
until
9,754
Equity Corp., $3 convertible preferred
Esquire, Inc., capital
;
the night of October 31
caught
about 20% of the
on
.
about
vest
than
fjor
was
crop was harvested
date
alfalfa, red clover, alsike clover,
Iowa
1
Illinois, about 40% of the
farm
and
dealer
November
has been late all
corn
In
son.
carryovers, vand some
imports, all in terms of clean
seed, the total seed supply
and
in
southern
where
cabbages
especially
by
normal,—well
advanced
in
the
north, although just starting in
the
large.
that
so
theJ progress
In¬
season.
and
erated
crops
for
corn
too
high for cribbing opera¬
tions. During the last half of the
month, the rate of harvest accel¬
planted comprising win¬
of artichokes, cabbage,
asparagus
the moisture content of
cause
was
re¬
in
and
Iowa are not coming
up to earlier
expectations. For the sweetpotato
States as a group, the November
estimate is about 1% larger than
Acting
on
and
and
Nov.
the
24
War
took
Department
over
13
leather
tanning plants in the Peabody
Salem, Mass. area, where
than
more
out
orders from President
on
Roosevelt,
2,000 workers had been
strike
on
action
since Nov.
followed
President's .order
of
upon
This
of
Nov.
recting all picketing to
calling
8.
defiance
18
cease
the
di¬
and
all employees out on
Previous
strike to return to work.
similar., orders
by
the
National
War Labor Board and the
regional
WLB in Boston also went un¬
heeded.
•
The
strike
was
*
the result of
a
jurisdictional dispute between,the
International
Workers
and
the
and
Leather
Union,
Industrial
Leather
Fur
a
Congress of
Organization affiliate,
independent
National
Workers'
Association.
Following ' the
orders
for
the
Army to take over the plants, the
Association voted on Nov. 24 to
end the strike and return to
work
on Nov. 25.
It was also
that
the
with the
union
voted
to
reported
affiliate
American Federation of
Labor. Most of the struck
plants
had contracts with the CIO
union.
.;ftfumber'-4235
Volume ; 158
THE COMMERCIAL & FINANCIAL
CHRONICLE
and
tale
2301
City Department
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
"Without
t
ipalities
rious
to
Alabama," written by
E. Reid, Executive Director
of the Alabama
League of Munic¬
ipalities, from which we quote in
Ed.
"When
the
in
the
governments
became
the close of the most
trying dec¬
in
their
history—a decade
ade
nation.
Toward
period
the
conditions
close
of
the
became
vastly
officials
improved and municipal
everywhere were looking forward
to the time when balanced
budgets
and
sound
would
debt
be
the
"The main
administration
rule,
the exception.
rather
than
-
problem of the
mu¬
nicipal governments suffering
un¬
der
has
the
been
impact
that
from
revenue
meet
of
budget
expenditures.
of
the
war
obtaining sufficient
existing sources to
and extraordinary
More and
is becoming a problem in prac¬
tically every city and town in the
few weeks ago a committee
representing the Alabama League
of Municipalities appeared before
the Legislature's Interim Commit¬
tee
Finance
on
discuss
the
problems
"1.
Taxation
wartime
of
to
were:
Prewar
annually
revenues
fell short by $1,250,000 of meeting
municipal budget and debt service
Units
Profits—The
for
ments.
"2.
of 67 municipali¬
ties, conducted by the League, in¬
dicated
there
that
would
be
a
shrinkage of at least $700,000,000
this year in the proceeds from the
municipal gasoline tax. This rep¬
resents a loss, or potential loss,
of almost 33% of the income from
this
source.
A
"3.
study of the license tax
resources
of
the
same
number of
municipalities, representing a fair
cross-section of the State's munic¬
time
when
Receive
State
which
State
liquor
located will get
stores, are
San
Francisco
Tax
Immunity
to
Federal
The
following
municipal
from the San
—
item of interest in
news
circles,
is
taken
Francisco "Chronicle" of Nov.
27:
The Board of Supervisors State,
County
and
National
Affairs
Committee
yesterday voted to pe¬
tition Congress for relief in the
matter of city and State owned
lands and buildings taken over
tax free by the Federal Govern¬
ment.
held
its
first
Chamber
of
Com¬
goods and
fixtures of mercantile
establishments
in
municipalities
will
decline, thus causing another
$200,000 loss this year in munic¬
ipal revenues.
of the
League indicated that, perhaps not
this year but certainly during the
coming year, stores and other
The
same
businees
cease
survey
that
establishments
operate because of ration¬
to
regulations will cause a de¬
in municipal income from
ing
crease
.estate
real
levied
taxes
establishments.
"6. Increased
the
on
such business
properties housing
,
>
salary scales voted
municipal employees in order to
retain experienced and valuable
employees will this year cost the
cities
and towns not less than
$500,000.
"7.
A shrinkage
in special per¬
fall¬
mits and fees because of the
ing of building improvements will
cost
the
municipalities
another
quarter of
a
moved from
tax
Assessor
who
rolls.
Russell
testified
L.
Wolden,
told the
yesterday,
that
committee
San
Francisco
is
losing
$1,625,000' through
such
procedures.
However,
Wolden
in
a
shortage this
will
sold
the
best
bidder
and
to
share
of
a
gallon
on
sales of gasoline
like
tax
of
two
cents
or
IX
of the
Constitution of the
State, by the terms of which the
Legislature. of the State is rerequired to continue the levy of
said tax for
from
Jan.
hibited
period of 50
a
1,
1943,
from
and
years
is
pro¬
withdrawing
the
proceeds thereof from the opera.loii
oi
constitutional
saict
provi¬
deducting
the
Interest
the premium, if
any, will not
premium
offered, if
be' considered
any.
deductible in de¬
as
termining the net interest cost. In
determining the net interest cost,
voted unanimously on Nov.
then
interest
will
be
The
r\ ct
Supreme
Court
held
that
certificates issued in 1941 for de¬
linquent taxes should be included
in
the
list, prepared this year
"even
faulted bonds.
It is understood
that the Crummer Co. of
Orlando,
will act as fiscal agents in the re¬
funding.
The
Article
the
IX of the
State,
applicable
and
stitution, which exempts Federal-
and
Constitution of
pursuant
to
the
fornia
lands
or
from
any
taxes,
would
before Cali¬
municipality could
Wolden said that there
bills
now
pending in
a
two
Congress
which would compel the
payment
of taxes on lands taken over
said Constitutional
utes
and
a
of
said
of
for and
all land
is
in the
simarily
offered
a
11
about
50%
of
Western States
controlled.
Wolden
bonds
binding
Board
provision, stat¬
The
Giles
Jacksonville
all
and
State
may be had
detailed description
bonds.
opinion
such
erally owned
the
resolution
more
by
the Government, even
temporar¬
ily. According to Wolden 42% of
the land in California is Fed¬
of
adopted by
Board, and will be validated
by judicial decree. Reference to
for
are
statutes
resolution duly
to
J.
the
obligations
of
effect
valid
are
and
of
the
Administration,
on
that
Other points in the
ruling:
The original owner of the land
redeem
may
his
delinquent tax
certificate any time up to the
day
a
final decree is signed in the
foreclosure suit.
The
courts, but not clerks, may
eliminate from the list any lands
which
tax
certificates
two
old,
certificate
by the cer¬
municipality
a
certificate
years
the
within
are
the
is
These bonds
County,
itcello)
Certificate
fuel
4%.
—
all
O.)
The
Kissimmee, Fla.
Bond Refunding Contracts-It is
stated by J. C.
Corp., and the
National Bank, both x>f
Jacksonville as 1.70s, at a price
of 100.08, a basis of about
1.68%.
volved
will
be
delivered
to
Federal
able
agencies
acquire
property, urging short-term leases
if the property is for
temporary
use.
may
to
the
State
Board
Florida (State
2—The
disposition of surplus
property.
3—That
taxes
to
the
be
direct
indirect
or
authorized
or
on
prop¬
erty withdrawn for military pur¬
poses; for housing or resettlement
projects and on real or personal
property
used
for manufacturing
and industrial
purposes in compe¬
tition with other industries.
counties
District
lands for
were
voted.
Nov.
which
foreclosure
year
against
they hold delin¬
quent tax certificates
for
1941
or
prior years, even though taxes for
years have been paid,
subsequent
according to the November issue
the
"Florida
Municipal
Rec¬
The decision
in
was
handed down
two
cents
gallon
per
of gasoline or
of petroleum
coun¬
tax
a
sales
on
other like products
accruing under Sec¬
for
period
a
interest
bid
produces
est
as
by
Pasco
County, Board of Public Instruction, and Special Tax School
Districts (P. O. Dade City), Fla.
composed
of
Chase
City,
der
National
of-said
of
Public
8
to
14, 1943.
Board
30.
V
•
St. Lucie
County Special Road and
Bridge District No. 2 (P. O.
Fort
Pierce), Fla.
Bond
Offering—Sealed bids will
be received by J. M. Lee, Secre¬
tary of the State Board of Admin¬
istration, at his office in Tallahas¬
see, until Dec. 7, for the purchase
ex¬
of
$30,000
SB A
refunding
series
of 1944 bonds.
IDAHO
Sept.
Ada
County
Independent
District No.
provision, and resolu¬
1
School
(P. O. Boise),
Idaho
Price Paid—In connection with
•
VJ.
Denomination
called.
body
may be had for a more de¬
tailed description of said certifi¬
The approving opinion of
Instruction—,
.
tion
cates.
un¬
Dated July 1, 1937. Due July
1,
Interest
ceases
on
elate
Reference to said Con¬
stitutional
all
1967,
Gov¬
on
with
,
duly
said
bonds
matured coupons attached:
$1,000.
isting under Section 16 of Article
IX of the Constitution of the
State,
and pursuant to a resolution
by
Bank, New York
on presentation and surren¬
$500.
ernor, Comptroller and Treasurer
adopted
the
of Public
Instruction, that
following refunding bonds are
called for payment on Jan.
1,1944,
at par and accrued
interest, at the
the
Special Tax School District No.
32—Nos. 15 to 129. Denomination
any,
deduct¬
State, created by and
of
Board
7—Nos. 1 to 9, 20 to 4.4, 47 to
50,
66, 69, 73 to 101 and 100 to
Denominations
$1,000 and
any.
a
by Wal¬
Secretary
128.
the
the
Craig,
55 to
determining the net inter¬
In
determining the net
Administration,
C.
$1,000.
Specidl/Tax School District No.
interest cost, interest will be com¬
puted to the maturity dates from
Nov. 1, 1943.
Said certificates will
be issued and sold
by the State
Board of
of the
Bond Call—It is stated
ter
Special Tax School District No.
cost.
corporate
Worth, Fla.
voters of Lake Worth.
5—NoS."
of
cost after deduct¬
will not be considered
ible in
$673,000
Nos. 1 to 8, 17 to 56 and 59 to 63.
Denomination $1,000.
1, 1943, and is
prohibited from withdrawing the
whose
con¬
according to Florida press reports.
The bonds had been
approved
required to continue the
tax
a
officials to
approximately
Board
tion 16 of Article IX of
the Con¬
stitution of the
State, by the terms
of- which the
Legislature of the
is
Kissimmee
)
the sale of the
*
*
$180,000 refunding
t
"J""
"
-
Leon
Giles J. Patterson of Jacksonville
the
County clerk, to test and clarify
Inc., of Toledo and
bonds
procedure under 1943 revisions of
to the effect that such certificates
are valid and
legally
gations of the State Board of Acl-
Clerk of the Schocl Board, reports
that the bonds were sold at par.
Secretary, reports that at'
sewer
this
ord."
Sanitary District, Colo.
Voted—Carl G. Morse,
on
enter
may
proceedings
of
COLORApO
of)
Supreme Court Ruling Protects
Municipal Liens—The Florida Su¬
preme Court ruled on Oct. 20 that
by a pledge of the
distributive share of
ty's
ing the premium offered, if
on
the
premium, if
i
...
secured
Interest
Ad¬
ministration.
•
unneeded
of
The payment of said certificates
the interest thereon will be
bidder
the
1—Congressional
legislation
regulating the methods by which
office.
and
lowest
and, if requested, a copy of the
transcript of the proceedings in¬
purchasers of said bonds, without
charge. Enclose a certified check
for 2% of the bonds bid for, pay¬
program which included:
$1,000.
$20,000 Nov. 1, 1947 and 1948.
Principal and interest payable at
vision
during said period.
The
certificates will be awarded to the
acting
behalf of said district
with
validating issuance of $3,781,200 in
refunding bonds series C by the
city was signed by Joseph S.
White, Circuit Judge, on Nov. 18,
$40,000
Florida
of
Buckets, City Man¬
B. J. Van Ingen & Co.
Bonds Validated—A final decree
Mon-
tax
State Treasurer's
issues,
general obligation bonds.
the
anticipation certificates
offered Nov. 30 were awarded to
the Clyde C. Pierce
the
of various
■
.
refund
Fla.
Sale
are
Lake
(P.
-rate
Some
bondholders, it was ex¬
plained, have agreed to accept 2%
interest, but many will receive
city tax liens then due.
Jefferson
ob¬
dating back to 1911, and bore in¬
terest ranging up to 5% and
6%>
tract
than
more
pay
be
bondholders
of Miami have entered into
purchaser of
any
must
will
the
which will prevent them from at- '
ager, that
If the lands covered
and
waivers
from
were
purchased during the 90-day pe¬
riod allowed for
making and certififying the list.
tificate
time
same
increased back to the rates
origi¬
nally fixed for the old bonds.
proceeds thereof from the opera¬
tion
of said
constitutional pro¬
State
ex¬
tempting to have the interest
be included in the list."
50 years from Jan.
legally
be
tained
levy of said
of
will
changed for the old defaulted
ones, dollar for dollar, and at the
State
approving
Patterson
bonds
new
though subsequent taxes on
the lands had been
paid," and that
"any certificate in the hands of
of the
Governor, Comptroller and
Treasurer of the State, created by
and existing under Section 16 of
18 to
90
counties.
sion during said period. The bonds
will be
awarded to
the bidder
whose bid produces the lowest in¬
terest
cost
after
Key West, Fla.
Refunding Bonds Authorized-^—
The. City Council is said to have
ji
on
products of petroleum
be
chancery proceedings and should
any or all bids.
The payment of
said bonds and the interest thereon
will be secured by a
tive
will
days to, issue $553,173.71 permanent'debt
nrH
in
foreclose on the lands and take refunding bonds, Knnvinrf A
bearing 4% in¬
title to them in the names of the terest, to be
exchanged for de¬
reject
pledge of the
full faith, credit and taxing power
of said
district, and an additional
pledge of said district's distribu¬
within
county,
the clerk more than two
years also
constitutes a
predicate for the
to
the
pay
said
municipal revenues actu- the election held
a decent job of $250,000
sanitary
$3,000,000.
is
that insofar as Cali¬
fornia is concerned, the State con¬
needed to do
less than
when
at
highest price therefor, the Board
reserving the exclusive and un¬
qualified right to determine who
explained
million dollars this
means
3%
commissions
said
certificate will be delivered at the
State Treasurer's office on Dec. 1.
Due
Bonds
m this
sold
who
bidder
lowest
county
file suits
by the State Board of Administra¬
tion,, a body corporate composed
losing several millions
through property taken
by the Government and re¬
Lakevuood
*
when
lU %
The
must
Said bonds will be issued and sold
,
"5.
at
or
the
at
obtainable
of
two years old.
over
was
accept Federal tax moneys.
of
bear, interest
days after the certificates become
of
delivered to the purchasers of said
certificates without charge.
The
These lists must be certified to
the county commissions within 90
annually
State
between 15 and 20%.
stock
to
behalf
re¬
The $40,000 fuel tax
anticipation
certificates issue of 1943.
Dated
Nov. 1, 1943. Denomination
owned
ad
Bonds
are
computed to the
maturity date from Jan. 1, 1944.
which pointed out that the
merce
have to be amended
taxes and
payable
National Bank,
1%
.
hearing at the request of the Cal¬
State
interest
of
on
V
committee
and
Exchange
accruing under Section 16 of Arti¬
Calif.
Object
Denomination $1,000.
1950.
l/10th
cle
(City and County),
Supervisors
se¬
Dated
multiples
rate
10
purchase
bonds.
coupon
in
other
CALIFORNIA
the
expressed
per
ipal centers, indicated that during
Personal property
valorem
taxes
on
the
or
bids at
$33,000 %SBA refunding
Principal
De¬
$37,441.
of Adminis¬
for
7
clerks
old
Lee, Sec¬
Tallahassee until
Jan. 1, 1944.
Due Jan. 1,
par,
in
in
1944
the
the current year income from this
source
will fall off $710,000, or
"4.
ries
Liquor
Finance
Board
.
Dec.
on
of the
fi¬
began recently distrib¬
$299,530 to Alabama cities
and countries in liquor profits.
Officials
said
that, based on
sales
during
July, August and
September, the distribution fol¬
lows a law passed by the 1943
Legislature to distribute profit in
excess of $2,200,000.
Incorporated municipalities will
receive $187,206,
while counties
will get $74,882. In addition, cities
ifornia
A survey
a.m.
ution of
The
improve¬
necessary
State
his office
partment
needs and supplying amounts re¬
quired
retary,
Court
quired by the new laws to make
up lists of all lands on which de¬
linquent tax certificates two years
are held
by their counties.
Fla.
tration, will receive sealed
support is most needed."
Local
financial
the
municipal gov¬
Among the points ad¬
ernments.
vanced
and
Arcadia,),
Bond Offering—J. M.
Tampa.
the
at
sums
nancial
State.
"A
only
The
this
more
not
at
that commenced with widespread
unemployment and the worst eco¬
nomic depression ever to face this
situation
County Special Road and
Bridge District No. 5 (P. O.
cient
in¬
Ala¬
200 municipal
just witnessed
had
Circuit
Soto
picture does not seem
bright for the local governments.
They are dependent for too much
of their income upon sources of
revenue
that do not yield suffi¬
present war,
than
■c.
FLORIDA
De
the battlefields and the fac¬
tories.
world
more
are
revenue
from
part as follows:
volved
from
the munic¬
going to face a se¬
during the remainder of the war
period, but also in the after-war
era
when their cooperation will
be most needed in carrying on
public works programs for the
employment
of
men
returning
Administration,
University
of
Alabama, published recently "War
bama's
aid
the State government,
Municipal
Wartime
Problems
Discussed—The Bureau of Public
Comes
substantial
-
Alabama (State of)
20
a
suit
brought
by
the
the State ad valorem' tax laws.
(bonds to Stranahan, Harris & Co.,
binding obji-|
ministration,
acting
for
and
on
Boettcher
&
Co. of Denver. Clyde F. Potter,
2302
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, December 6, 1943
i
ILLINOIS
Holders of these bonds are noti¬
Chicago, III.
City Budget Reduced More
»<
1944
Than
$10,000,000 by Controller —
The Chicago "Tribune" of Nov.
27 carried the following report on
the city's proposed 1944 operating
the
at
National
First
cago,
on
ceases
of
city
County Calumet City School
155, Cook County,
department
Bond
District
in the 1944 city budget
have been pared to $58,980,919 by
Robert B. Upham, city controller,
announced
was
members
his
of
yesterday
as
staff
prepared
estimates to be presented to the
.city council at a meeting Dec. 1.
.
The controller's estimate repre¬
sents a decrease of $141,637 over
the
corporate
fund
purposes
ap¬
propriation of this year but does
jnot take into consideration re¬
quested raises
in salary for the
police and fire departments or the
increased license fees that
are ex¬
pected to be recommended to the
city council at its next meeting.
The
entire
appropriation for
expenditures is expected to
approximately $160,000,000
1944
total
.but details
other than the
on
porate fund have not been
pleted, Upham
cor¬
com¬
said.
were
decreased to amounts under their
1943 allowance, Upham said, in¬
clude the street department, cut
$454,138 under its, 1943 allowance
of $7,521,304, and the board of
election commissioners, cut $167,,
from
its
1943
accrued
allowance
of
Other
ering
most
were
small.
of
the
departments,
They totaled $833,-
809.
q
Increases
■
cov¬
totaled
granted
$692,772
departments
and
include
the
police department, $37,214 over its
1943 allowance of
$19,642,458; fire
department, $47,572 over $9,153,678; the board of health, $75,805
over
$2,778,296; bureau of sewers,
$283,831 over $1,351,797, and the
bureau of parks,
recreation, and
-aviation, which received an in¬
crease of $170,424 over the
$1,137,279 allowed in 1943.
In
for
■
estimating the city's income
the
corporate
Upham
10
said
cent for
per
and
An
reserve
be
on
lost
collected
additional
in
$21,636,000
from miscellaneous in¬
The difference between the
proposed
current
more
appropriation
will
revenue
than
four
and
million
three
will
account
million
the
amount
to
dollars,
salvage from the 1943
priation
appro¬
dollars.
Of the
requests
•
purposes fund,
$37,000,000 less
come
come.
but
a
cost,, would
taxes.
will
that
for
nearly
$10,472,602 cut from
by
the
controller,
the
more
than half of the
amount,, he esti¬
mated, had been asked by the de¬
partment heads for
of post-war
the
projects.
planning
:,w
Chicago Sanitary District, III.
Bond
Call—Frank O; Birney,
District Treasurer, calls for
pay¬
ment on Jan.
1, 1944, the follow¬
ing district bonds:
;
Series B, refunding 4y2%, to
$1,525,500.
Optional Jan. 1, 1944.
Series B, refunding 414
%, to
amount of $2,600,000.
Optional Jan. 1, 1944.
Series B, refunding
4%, to
amount of $1,584,000.
Optional Jan. 1, 1944.
Series C, refunding
214%, to
amount of $320,000.
Optional Jan. 1, 1944.
Series D, refunding
2%, to
amount of $375,000.
Optional Jan. 1, 1944.
B, refunding 2%, to the
amount of $150,000.
Optional Jan. 1, 1944.
Series F, refunding
2%, to the
amount
of
$125,000.
Optional Jan. 1, 1944.
Series
3. construction 214%, to
the amount of
$55,000.
Optional Jan. 1, 1944.
to
showdown
be
may
Cricago),
O.
(P.
County,
'
158,
account—v.
were
made
are
in
1930
88 lots
•
and
Under the
the securities.
on
bid,
a
block of $3,-
633,000 of the bonds was. to be de¬
livered to the bond firms on Dec.
cies
approving legal opin¬
an
the flotation has not been
on
obtained
P.
yet,
as
Vice-President
and
P.s Princell,
Secretary of
Seipp, Princell & Co., said yester¬
day, he appeared confident that
he would be able to obtain an ap¬
proving opinion from a firm of
municipal bond attorneys. He said
he planned to leave for New York
The
bond
the
im¬
/,
...
exception of the southeast
this issue $6,600
A
.
peculiar
thing
sewer.
confident
that
he
would
be
able
approving legal opin¬
ion,, Mr. Princell said he had no
actual guarantee of one.
the
addition
Owners
and not less than
While
an
the
$10,000
is
of
of
count
111
said to
are
to
63.
have
These
been
bonds
Call
John V G.
Voss,
calls for pay¬
ment on Jan. 1, 1944, at par and
accrued
interest, 5% refunding
bonds, Nos. 7 to' 9, to the face
value
of $1,500. Dated Aug.
1,
1940. Due Jan. 1, 1953. Said bonds
—
Village Treasurer,
all matured
and
unmatured
should
attached
coupons
Interest
ceases
West
date called.
on
Frankport, III.
Bond Call
George I. Cotter,
City Clerk-, calls for payment on
Jan. 1, 1944, the following bonds:
Municipal refunding, Nos. 1 to 8
and water utility water
revenue,
Nos. 365 to 395.
>
on
of the
act
last
session
of
others.
assessment lien against lots is ap¬
bond
issue
all
judgments
of
and
its
outstanding
bills
unpaid
There
the
legislature. This law gave
the county the right to fund into a
that
existed
as of Dec. 1, 1942.
The $8,346,000 of total claims is composed
of judgments and interest of $3,620,000 and unpaid bills of $4,-
is
the
bonds,
since
tered.
For
special
tfyey
the
the banks
not
are
are
regis¬
part,
'
County
(P.
'
O.
Logansport),
'' •'
Ind
Bond
Sale—The
annual
bridge of
fered for sale
1984—
on
$50,000
1943
been
of
owners
heard
re¬
the South¬
moreland bonds may form an or¬
The municipal bond law firm of
for
their
protection.
Chapman & Cutler, which nor¬ ganization
This proposal was made after it
mally passes on new bond issues
was learned that private investors
of
Chicago governmental units,
have approached some bondhold¬
has declined to submit an
approv¬
ers seeking to
purchase bonds at
ing legal opinion on the $8,346,000 flotation until the various un¬
paid
bills
Illinois
were
certified
by
Supreme Court in
'
a
the
test
•'
While
discount.
/
The
city is not obligated in
spect to the bonds, except to
semi¬
bonds
Nov. 26
—v.
of¬
such
will/not
approve
be asked to
certify the unsecured
a
and
later date.
$4,726,000
issue to
The county has been
adverse to splitting the financing
operation into two parts.
through which they may col¬
lect,. according to persons familiar
bond financing.
They may
with
start
foreclosure
proceedings,
Logansport.
price of 100.62,
Cutler
or
some
Chapman
other law firm
&
ac¬
ceptable to the firm.
'
'
^
total
is
holders.
■.
.
County Forest Preserve Dis¬
Call
—
District
payment
on
and 4V2%
William
Treasurer,
Jan.
1,
total
is
terests
trict, III
Bond
ley,
The
306.15
'•
r
v
delinquency of $127,-
not
J.
Gorm-
calls
for
various
all
due
Lake
and
the
bond¬
(P.
—■
O.
County
reached
$5,250,009
announced
date called.
cher
Trust
County
so
last
a
Waukegan),
tax
record
collections
figure
far this year, it
on
Nov.
year
16.
collected
follows:
of
Co.
fully after which it will be
more
re-submitted to
the
council.
City
Clerk, S. T. Jack.
KANSAS
Wichita, Kan.
Bond Sale
The curb, gutter,
paving and sewer bonds aggre¬
gating $124,160.53, offered for sale
on Nov.
29, were awarded jointly
to
the
Small-Milburn
Co.,
of
Wichita
and
the
City National
Bank & Trust
as
Is, at
of
of
was
Lake
only
a
Co., of Kansas City,
price of 100.139, a basis
about
1943. Due
160
0.97%.
Dated
I}ec. 1,
Dec.
1,
follows: $13,$13,000 in 1945 to
in
as
1944,
1947, and $12,000 in 1948 to 1953.
Legality approved by Bowersock,
Rhodes of Kansas
City.
The next highest bid was a joint
offer by the Lathrop-Hawk-Herrick
Co.,
heimer
and
the
Co., for
Baum,
Bern-
price of
Is, at a
100.11.
Bond
•
Sale—The issue of $160,revenue bonds offered
000 electric
Dec.
1—v.
158,
2094—was
p.
awarded to the Bankers Life Co. of
■
1963
inclusive.
of
/'/,■.
.
f
Bond
$833.00
Lo¬
and
1%
774.10
1%
Corp..
335.50
Marion
County (P. O. India¬
napolis), Ind.
— The
County
Council on Nov. 17 approved to
issue $235,000 not to excedd 3%
land purchase bonds.
Bonds Approved
judgment
The $38,317.36
—
It
is
reported
.
Hilliard
funding bonds offered
158, p. 1984 —were
J.
by
Son, of
&
J.
B.
Louisville,
that out of the total issue of $356,000 4%% general obligation bonds
of the above city, a block of $256,000 were exchanged for new 3%
refunding bonds, and the said
firm purchased recently the re¬
maining $100,000 refunding bonds.
The
4% %
$100,000
balance
of
the
bonds have been called for
payment at 100
Vincennes, Ind.
Bond Sale
*
Henderson, Ky.
V
Bonds Exchanged—Bond Call—
:
gansport
Share
:
:
1
Premium
of
1 Vt %
Bank
Indianapolis
on
their optional
date of March 1, 1945.
Johnson
County (P. O. Paintsville),
Ky.
Ward, County
/Judge* reports that the 5% road
Dated Dec. 15, 1943 and due semi¬
and bridge refunding bonds Nos.
annually from 1946 to 1955 incl. 25 to 50 are called for payment
Dec.
1—v.
awarded to the Indianapolis Bond
&
Share
Corp.,
Indianapolis.
Bond Call—W. J.
,
Jan. 1, 1944, at the National
City Bank, New York City. Dated
on
IOWA
July
Boone, Iowa
Bond
Election
Pending —-The
date
1,
to
submit
to
the
.
voters
$60,000 issue of airport bonds,",,
a
,
i
-
Bond
J.
A.
Cherokee, Iowa
'
Offering—It is stated by
Cary,
'
City
Clerk,
that
he
1940.
called.
City Council is said to have de¬
cided
:
Interest
1
ceases
on
•,
Kentucky (State, of)
Bridge Bond Retirement—Pay¬
ments
totaling $460,000 will be
made Jan. 1 on Kentucky's toll
bridge bonds, leaving a balance of
$2,521,000 to be collected and paid
will receive both sealed and open
bids until Dec. 14, at 2 p. m./ for
from future tolls.
the
a
purchase
airport
of
bonds.
$60,000
coupon
Denom.
$1,000.
Dated
The
call
bonds
to
be
retired
under
issued
by "State Highway
Department will include the last
Feb. 1, 1944. Due on Nov,
follows: $2,000 in 1945 and
1946, $3,000 in 1947, $2,000 in 1948,
$3,000 in 1949 to 1955, $4,0001 in
$40,000 due on the Irvin S. Cobb
Bridge at Paducah and the last
$20,000 on the Catlettsburg span,
1956, $3,000 in 1957, $4,000 in 1958,
$3,000 in 1959, $4,000 in 1960,
$3,000 in 1961, $4,000 in4962 and
previous bond payments July 1. •
Payments of $25,000 on the Cal-
15,
Co., Chicago.
on
forfeited
upon
...
American National Bank & Trust
ceases
penalties, in¬
III
have
Interest
the
Tax Collections Top Last Year's
Figure
payment at
portion of
as
costs
County
"A" of 1936. Holders of said bonds
for
charged
4%
refunding bonds Series
same
small
payments.
to
present
A
as
Int. Rate
Bank
Chicago and the Flet-
said, will hot be bound by
building restrictions in the
"
\
Cook
or
ject to delinquency at public auc¬
tion. A person who buys a lot
through the County Treasurer/ it
addition.
by
were
.
National
County
proving
opinion
Other bids
Bidder—,
First
Treasurer may offer the lots sub¬
the
up
to $60,000,
which is beyond the limit allowed
by Iowa law. Sponsors of the res¬
olution agreed to withdraw it and
investigate the legal requirements
Louisville, at a net interest cost
July 1, from July 1, 1944 to July of about 2.05%. Dated Dec.
1, 1943
1, 1963.
/-, and
due on Dec. 1 from 1946 to
may wait until the County
Treasurer acts to force collection.
After
next
July 1 the
was
council
158
chants State Bank of
they
Seip, Princell & Co. bid for the
bonds subject to receipt of an
ap¬
the
to
petitioners called
issue
KENTUCKY
pay
ods
or
bond
a
Franklin, Ky.
amounts, which may be col¬
on the special assessments.
The bondholders have two meth¬
the
presented
behalf of the
for
City Securities Corp. of Indi¬
anapolis, and the Farmers & Mer¬
were
re¬
lected
it
$8,346,000 flotation at this time,
Chapman & Cutler will approve
immediately a $3,620,000 flotation
to fund the judgments only. Under
such a set-up, the courts would
a
a
lution
the
National
have
in¬
was
the withdrawal of the petitions
requesting the election. The reso¬
awarded jointly to
p.
Indianapolis
made.
are
pal airport for Jefferson
pay¬
made
whom the pay¬
to
as
hints
But
of
through
with the City Treasurer
not advised
ments
record
assessment
most
ments of interest
cently that
726,000.
official
no
of
owners
The
—
definitely postponed at the city
council meeting Nov. 16th with
Fizzell &
INDIANA
Cass
proximately $2,200, one owner of
as IV4S, paying a
one and one-half lots
recently was
financing operation of the
a
basis of
about
1.19%. Dated
offered $7,500 for his holdings.
county is being undertaken under
Nov. 15, 1943. Due on, Jan. and
Illinois
Jefferson, Iowa
.
Bond Election Postponed
contracted
South Holland, III
The
an
/
on
Bond
of the
10%
proposed special election to vote
on the question of a.new munici¬
C. E. Bohlander & Co., Inc.,
of Bloomington, as 2s, to mature
over a period of 12 years.
.
check for
amount bid.
an
recent elec¬
a
certified
a
16, it
for by
the
delinquent
average
held on Aug. 24, 1942. The
approving opinion of Stipp, Per¬
ry, Bannister & Starzinger, of Des
Moines, will be furnished. Enclose
—
that, in most, if not all instances,
delinquencies are not of a
nature.
at
-
the
distress
tion
—
today to confer with a firm of at¬ lots are financially able to
pay all
torneys on the question of an of the assessments if
they choose.
opinion..; ■ ■ }).;-•'• The addition was
opened under
Mr. Princell said he hoped to restricted rules. Lot owners were
be able to take up the entire $8,- obligated to erect homes
costing
346,000 of bonds next week. While not less than $7,500 on some lots
to obtain
voters
be presented for payment at South
Holland Trust & Savings Bank.
is not yet
about
Place
over
will
approved the is¬
suance of $35,000 general obliga^
tion
bridge repair bonds by a
interest
.
Southmoreland
the
bonds
Normal, III
with
maturity date of all of the
Upon
the
the-voters
and
following
supply
Bonds Voted—At
tion
issues have passed with the
due.
the bonds authorized at the elec¬
sup¬
by
scheduled for Dec.
is reported.
total
a
41,820.11
sewer
32,194.87
Storm sewer
5,055.20
Water mains
6,320.30
Ornamental lights..
9,271.33
the
1,
Dec.
unimproved,
Southeast sewer.___$32,644.34
date stated as follows:
that
ion
on
for
are
Paving
Sanitary
"Journal of Commerce"
Chicago
of
made
are
provements:
portion
$3,633,000
the
of
been
4
.
$127,306.15 in delinquent spe¬
cial assessments. These delinquen¬
l; and the balance of $4,713,000 by
In reporting that no de¬
had
which
:
between 55 and 60
of
Dec. 15.
livery
full.
are
water
election
1931.
in the
against these lots there is
to, obtain an
ion
in
But there
lots
the successful bidders
approving legal opin¬
of
ability
assessments
1865-
p.
owing to the in¬
has been held up
229
Metamora, III.
$10,000
against all < of
levy
taxable
property of the City
in the amount 114 mills per year
Bond Election—The issuance of
be submitted to
/'•/.«.%
addition,
which was opened by the Country
Delivery
of Bonds Delayed—
Club
Real
Estate
Improvement
Delivery of the $8,346,000 funding
Co.
Several lot investors built
bonds awarded Nov. 1 to Seipp,
nice homes in the addition and in
Princell & Co. and Doyle, O'Con¬
nor
&- Co., both of Chicago, in many instances paid all special
joint
was
;:
:
,
on
general
a
the
taxed
club's
Forest
overlooked
was
directors.
bond issues within the next
There
III
posedly
A
expected
of the most pressing' in¬
payment at City National Bank &
Trust Co., Chicago.
stances is in the ,Southmoreland
addition, in which improvements
Cook
Knollwood
Lake
becoming insistent in
demands for satisfaction.
by
a
period of 20 years. Prin¬
cipal and interest payable at the
City Treasurer's office. These are
$3,186.43, payment of which
Bond¬
are
at
acres
hesitate
back assessments.
pay
The
ago.
assess¬
One
Series
%1, construction 2%%, to
the amount of $75,000.
Optional July 1, 1943.
Series 2, construction
214%, to
the amount of $210,000.
Optional Jan. 1, 1944.
in
now
years
year.
fund these would be delivered at
Series
allowed
Knollwood
represented
erty. The total delinquency was
$26,000, compared with $60,000 a
year ago and $100,000 two years
easy
and
should be presented for
claims
the
issues
depression
1,
some
suit.
the
instances
their
the
the
war-time
Owners of vacant lots in
holders
amount of
the
of
exclusive
club,
sold to the bidder offering to take
them at par at the lowest rate of
interest. The bonds will be paid
only
5% of the county's taxable prop¬
following report:
bond
the
Country
delinquent in the
2, to the face value of $1,000.
Sept. 1, 1940. Due Jan. 1,
1959. The bond with all matured
and unmatured interest coupons
While
decreases, although
the
era
ments to become
No.
$1,493,813.
•
cluded
are
Dated
attached
The
special
many
1944 at par and
interest refunding bond
Jan.
on
—
improvement
Mayer,
P.
Forecast
money, some of Decatur's
Treasurer, calls for pay¬
terms of their
Departments whose funds
235
ment
an
default.
Call —Joseph
Bonds
14 carried
III.
Requests
it
sessment
District No.
heads for $69,453,521 for operating
$5,035,038. Property going to sale
for1 tax delinquency, which in¬
Decatur "Herald-Review" of Nov.
Interest
In
Cook
As¬
Showdown
Bank, Chi¬
1, 1944.
date galled.
Jan.
on
expenses;
expenses
Decatur, III.
on
Delinquent
fied to present them for payment
as
1963, and $1,000 in 1964. All bids
specify the rate of interest
shall
bid
upon,
and the bonds will be
both freed from tolls since the last
-
houn-Rumsey Bridge, included in
the call, leaves an $8,000 balance.
Gov.
Keen Johnson had ordered
it paid out of his
emergency fund,
Volume^
with
MARYLAND
General Hubert
interposed, the Gover¬
announced he thought it un¬
but after Attorney
Baltimore, Md.
City to Ask Large Tax Rate
proceed. It was expected, Boost—The Baltimore "Sun" of
however, the bridge would pay^ Nov. 21' reported in part as fol¬
itself off early next year and the
lows:
toll charges be discontinued. The
A tax rate increase of 20 cents
Governor said he could save in¬ will be
provided for in the 1944
terest by calling those bonds now.
municipal budget report to be
The other bond payments an¬
submitted tomorrow to the Board
nounced for January 1 and the
of Estimates in special session by
balances left against each bridge
Mayor
McKeldin
and Herbert
were;
V
•
;
■ '
7
Fallin, budget director, acting as
nor
wise' to
Maysville Bridge, $100,000 pay¬
ment and $325,000 balance
still
;
eight, grouped in one bond
issue, are at Boonesboro, Burnside,
Canton,
Eggner's
Ferry,
Smithland, Spottsville, Tyrone and
Paducah, the last one over the
Tennessee River.
Ex¬
revenue
the
lower
and
interest rate
save
city $10,000 over a period of
16 years was given the tentative
approval of the Paducah board of
the
commissioners
representatives
after
Stein
Bros.
property value and its additional
valorem charge to Metropol¬
ad
itan
of
they
suade the
approximately 55 hold¬
ers
to
\«Mfc
^
.
it
announced by
was
Commissioners,
$127,000 in Riverside bonds
exchange them for new bonds. ;:real
.
!
' '
.
•
•
-
Under the plan, the interest rate
would be cut from 33A% to 2%%,
.
but the
bonds
would not be sub¬
ject to call for 6
payment of
a
years
without the
premium. The pres¬
be called at par on
ent bonds may
April 1, 1944.
Interest
this year.
Redemption
Saves
City of Eunice and tax¬
interest
on
their
natural
amounting to $13,896 in
tVvo years by calling in $46,000
Worth of these municipal securi¬
ties before maturity, according to
figures given by City Clerk Wade
J. Guillet.
:rV:
the
ing
lows
cial
on
standing:
with
Dec. 31
of
on
indicated surplus
an
than
better
books
its
clear
$100,000,
City
amount of
these bonds, issued in
'$65,000, leaving only
bear
interest.
that
of
of
All
issue
in
the
$24,000 have been called
for cancellation
on
Dec. 1.
:
; v
v
.
Jefferson Parish, Sub-Drain District
No. 3 of Fourth Jefferson Drain
District, La.
•
Bond
Call—It
is
been
reported
that
reduced
by
almost
$1,000,-
2%
000 during the year.
As of Jan. 1 the bonded indebt¬
to
edness of the
refunding bonds, Nos. A-313
A-348, B-96 to B-109, and C-59
to C-70 dated Dec. 15, 1935, ma¬
turing on Dec. 15, 1975, are being
called for payment on Dec. 15, at
the Guaranty Bank & Trust Co.,
Trustee, in Alexandria. Interest
ceases
on
date called.
now
city
$5,766,500.
was
$4,799,000.
New Orleans, La.
-
Certificates
noon
on
'
Called—It is
dated Dec.
stated
1944.
Town
Dec. 6 for the pur¬
interest, On Jan. 1, 1944. DeDated July 1, 1939.
Due on Jan. 1, 1951. Said certifi¬
cates should be presented for pay¬
crued,
$1,000.
ment, with all unmatured coupons
attached, at any one of the places
of
payment
designated
face thereof.
'
Winnfield, La.
Bonds
Voted
the
on
—
It is
~
.
,
stated by
K,. D. Cantwell, that at the elec¬
held
approved
tion
Nov. 16 the voters
the
issuance
of the
on
$260,000 revenue bonds by a count
of 595
to
193.
:V;V
,
City Adopts Utilities Tax—The
Common
Council
voted
on
Nov.
30 to
adopt the proposed 20% ex¬
cise tax upon the revenues of the
Detroit Edison Co. and the Michi¬
gan
Consolidated
Co.
Gas
The
vote'was 8 to
1, Councilman Wil¬
liam A. Comstock being the only
opponent of The measure.
The
Dec.
the
will
tax
become
effective
30, just in time to collect for
city
an
estimated
$13,000,000
of the tax for the current calendar
year
.
to
help
finance
post-war
construction
ployment
program.
Mayor Jeffries
lative
body
to
22, of
the
the legis¬
proposal
upon
therein such ad valorem
be
may
necessary
taxes
as
Fractional
Sch.
Clinton
and
pay
the
limitation
Section
gan
gan
21, Article X, of Michi¬
Constitution and the Michi¬
Property
Tax
Limitation
authorized
electors
The
an
of
to
A.
for
non-
Twps.
(P. O. Fraser), Mich.
Offering — Lydia Seifer-
Secretary of the Board of
will
receive
sealed
(EWT) on Dec.
9 for the purchase of $15,000 not
Education,
bids until 8 P. M.
interest
5%
Denom.
$3,000
coupon
Sept. 1, 1943.
$1,000. Interest M-S7 Due
on Sept.
1 from 1944 to
inch
1948
of
Rate
to
interest
be
in
mul¬
tiples of 14 of 1%. No bid for less
than all of the bonds will be con¬
sidered.
be
shall
bonds
The
the bidder whose bid
awarded to
produces the lowest interest cost
to the District after deducting the
premium offered, if any. In de¬
termining the netinterest cost
interest on premium will not be
considered
terest
on
deductible
as
and
in¬
bonds will be computed
Dec.
9, 1943 to the respec¬
maturity dates. The District
is authorized by law to levy upon
the
all
taxable
therein
property
such ad valorem taxes
as
may
be
to pay the bonds and
thereon, within the limi¬
prescribed by Section 21
necessary
interest
tations
X
The
Consti¬
of the State
District voted Oct, 8,
1943, to increase the tax limita¬
of the assessed valua¬
tion to 2%
tion
Bids
for
the
shall
to
1947.
conditioned
upon
years
be
1943
the
unqualified opinion of Miller,
Canfield, Paddock & Stone, of
Detroit, approving the legality of
the bonds. The cost of such opin¬
ion and
printing of the bonds shall
be paid by the District. Enclose
a
certified
total par
2%
of
the
value of the bonds, pay¬
able to the
Homer
check«for
District.
Consolidated
School
Dist.,
Bond Offering
—
credit debt
that
Mankato School
Bond
Guy H. Put¬
Secretary, Board of Educa¬
tion, will receive sealed bids until
2 p. m. (CWT) on Dec. 6, for the
Loretto
—
v
State
out
of
could
debt,
credit
and
literally
be
put
far as full faith
obligations are con¬
so
cerned, through the use of $22,000,000 of the General Fund sur¬
plus to purchase U. S. bonds which
would be used to pay principal
interest
and
faith
and
the
of
state's
bonds
credit
as
full
they
mature.
Mr.
that
on
General
District, Minn.
Offering
em¬
S.
the
the unqualified opinion of
purchaser's attorney approv¬
ing the legality of the bonds. The
cost of such opinion shall be paid
by the purchaser.
The purchaser
the
Coody's
analysis
shows
Nov. 1, 1943, cash in the
Fund amounted to $22,-
faith
outstanding
while
928,367,
M.
credit bonds
and
full
amounted
Veigel, Secretary, Board of Edu¬ to $22,666,000. He estimated that
cation, will receive sealed bids cash in the General Fund will
until 2 p.m. on Dec. 13 for the amount to $25,000,000 on Jan. 1,
purchase of the $1,100,000 build¬ 1944. General Fund receipts are
ing coupon bonds.
Dated Dec. 1, averaging $9,000,000 per year over
1943.
Denomination $1,000.
Due appropriations.
:
Dec. 1, as follows: $50,000 in 1945
It is estimated by those well
to 1960, and $100,000 in 196L4o
posted on the state's financial af¬
1963.
Bonds maturing in 1961 to
fairs that on June 30,
1944,the
1963 being subject to redemption
close of the second biennium of
and
prepayment, in inverse order
numbers at par on Dec.
of serial
1, 1946, and on any interest pay¬
ment date thereafter, upon notice
mailed 30 days prior to the re¬
demption date to the bank
company
where interest
bonds
is
then payable
registered
of
trust
on
the
or
and to the
bond so
redemption.
Rate or
rates of interest to be specified by
the successful bidder.
Principal
and interest payable at any suit¬
able bank or trust company in the
United States designated by the
purchaser, or, at the option of the
called
holder
owner
any
for
the office of
at
Secretary.
to accept
the
present administration, there
the, state treasury, $30,-
will be in
000,000 or more.
Mr. Coody notes that
if the leg¬
appropriates $22,000,000
for purchase of U. S. Government
bonds to retire state bonds, this
islature
will
for
call
an
appropriation of
$400,000 for the interest dif¬
decreasing
the bonds are paid. But since
about
ferential the first year,
as
this
would make
of
unnecesary
the
during the
coming biennium for bond retire¬
ment, about $5,000,000 biennially
use
any
revenues
above
agree
either the entire issue of
$1,100,000 bonds or $800,000 of
bonds, being those maturing Dee.
1, 1945 to 1960 (whichever the
governing body shall determine
at the meeting after opening and
considering the bids) and must
specify the rate of' interest for
bonds maturing Dec. 1, 1945 to
1960, and the price to be paid
therefor, and also the rate
or
of interest for the entire
could be
added to the appropria¬
tions
the
Each bid must
schools, Old Age Assis¬
tance, Eleemosynary institutions,
etc., without increasing the total
of all appropriations above the
current budget.
Mr. Coody adds, however, that
at the present rate of tax collec¬
tions, $12,000,000 annually may be
added to
appropriations, or, at
the
1942
rate
of
tax
collections,
$9,000,000 could be added
ally to appropriations.
issue of
rates
for
Leland
Speed,
bond
annu¬
specialist,
$1,100,000 bonds and the price to
be paid therefor. The District re¬
serves the right
to reject any or
recommends that if this $22,000,-
all
bids, but will not accept a bid
bonds maturing Dec. 1, 1961
1963, except as included in a
bid for the entire issue of $1,100,000
bonds.
The
dis'trict
coveT
"be
nants
providing
for
to
that, in' event it accepts
a
bid for only bonds maturing Dec.
000
the
sinking
is
created,
administering it
fund
Commision
required to buy United States
Government bonds, State of Mis¬
sissippi
Direct
Obligations,
or
Mississippi Highway Bonds issued
under the Act dated Feb. 8, 1938,
as
good
could be obtained
better yield
Mississippi's
or
on
Mississippi Highways on com¬
1, 1945 to 1960, it will not sell or
or
offer for sale bonds maturing Dec.
parable maturities."
He
notes
that
the
'
Commission
1963, or any thereof,
within 90 days after delivery of would be able to buy few, if any,
bonds maturing Dec.
1, 1945 to Mississippi or Mississippi High¬
bonds
(since
these
bear
1960, nor thereafter without mail¬ way
ing to the purchaser of said bonds, higher interest rates and are cher¬
ished by investors) but that this
a notice of its intention
so to do,
1,
1961
to
at least 10 days in
Mich.
,
and
Coody, of the State Tax
Commission, submits an analysis
of Mississippi's fiscal affairs show¬
ing how this could be done, how
of the assessed valuation
2.1%
a
article:
increase in the tax rate limitation
Bond
exceed
faith
fashion, similar to
ployed by the 1943 sesion of the
South Carolina General Assembly,
according to the Jackson (Miss.),
"Clarion-Ledger"
of
Nov.
16,
which
carried
the
following
No.
Dist.
of the
in
■
Warren
Erin,
bulk
in
$100,000 nonrejected.
offered at prices to
were
full
State's
the
with¬
prescribed by
to
use
bonds and interest thereon,
of not
sum
the
of
present and prospective General
Fund
surplus to wipe out the
—
Detroit
Legislature is to be asked to
levy
purchase
yield 2.2671%.
nam,
swung
behind
reem¬
1944
consider
law to
all the taxable property
shall pay the cost of printing the
$283,000 for the City
bonds.
^Enclose a certified check
Sinking Fund
(Street Railway
for 2% of the par value of the
Division), it is stated by Charles
payable to the District
G. Oakman, City Controller, that bonds,
Treasurer.
the
Sinking
Fund
Commission
on
Nov.
23
purchased $244,000
MINNESOTA
bonds
at
an
average
yield of
Detroit's
and
Mississippi (State of)
Legislature To Consider Pro¬
posal to Rid State of Debt—The
exceed
to
tution.
Detroit, Mich.
"V; MISSISSIPPI
is*
District
certified check
a
of Education.
upon
Accepted
callable bonds in the
of Article
MICHIGAN
Finances, that 2 % % semi¬
annual refunding paving, Series
B, certificates of 1939, aggregating
$155,000, drawn by lot, are being
called for payment at par and ac¬
$40,000 notes,
6, 1943 and due May 1,
/
,
by Jess S. Cave, Commissioner of
Public
nom.
Nov.
on
ers
tive
Treasurer will receive sealed bids
The
ex¬
authorized and required by
In
connection with the call for tend¬
from
Winchendon, Mass.
Note, Off e ring — The
until
"
-
It is
chase at discount of
V
Tenders
school bonds. Dated
"paper surplus" will exceed $250,000, he said.
"
'.
In
addition, the auditor said,
the city's bonded indebtedness has
considered.
the
at
$20,000, payable to the Board
in¬
Nov. 10. V Bids shall be conditioned
to
for
welfare
purposes.
borrowing this year, the
for
for less than all of the bonds will
be
Enclose
chaser.
1943, to the respect¬
maturity dates. No proposal
ive
heavily burdened now.
ed today, and,
no
and
deductible
as
States
of the purchaser, on or be¬
fore Jan.
13, 1944, or if there¬
after, at the option of the pur¬
the
to
the ap¬
pense
from Dec. 6,
industries most
on
Auditor George D.
With
cost
United
the
bonds will be computed
terest on
lein,
will
Lynn
$180,000
to
considered
Act.
difficulty
to
produces
the years 1944 to 1948, both
inclusive,! at the election held on
imposed
was
Lynn
bonds
$19,000
the
in
premium offered, if any. In de¬
termining the net interest cost,
interest on premium will not be
arguments against
centered on its pos¬
illegality,
awarded
bid
it
"Item"
reported in part as fol¬
the City's current finan¬
Foreseen—The
Cut
remaining callable outstand¬
of
was
interest
be
and
bonds
printed
or St. Paul, at the ex¬
of the District, or elsewhere
pense
10.
collection and the contention that
Bonds
Crane predict¬
in addition, has for
the first time in 40 years failed to
borrow a single cent for expenses.
Actually, Mr. Crane said, the
real surplus will be much greater,
for last year the city borrowed
Total
sible
of Nov. 20
gas bonds
1940
Comstock's
the proposal
offer
^
;• v
/
Lynn, Mass.
Fund Surplus and Bonded Debt
■
•and the Board of Aldermen have
payers
lowest
shall
Nov.
on
School District after deducting the
property was
1.335%.
set at $314,410,635 for the next
Tenders Rejected —■ Charles G.
fiscal year, which begins on Janu¬
Oakman,
Secretary,
Board
of
ary 1, against $299,834,965 for the
Trustees Retirement System, re¬
present year. Bank and trust com¬
that . tenders received on
pany stock was assessed at $6,- ports
500,000, ; compared to $7,500,000 Nov. 30, in v connection with the
MASSACHUSETTS
Costs—Mayor Oliver Reed
saved the
the
war
callable City bonds were
'v'Eunice, La.
Bonds
assessed
of
personal
and
LOUISIANA
Gas
basis
taxable
The
of
'
District residents
during 1944,
the County
Sanitary
will remain the same
&
Boyce, Louisville,
believe they can per¬
said
$1.22 per $100 of assessed
rate of
from bond houses interested in the
plan,
present tax
Baltimore County's
bids
for
whose
'
Bond
$2.33 in 1935.
years was
recently.
advertised
board
The
bonds
bidder
much if not
as
held
executed
The
the
neapolis,
the bonds authorized
are
election
the
the
excess
ities.
highest tax rate occurred in 1920,
'21, '22 and '23, when it was $2.97
during the administration of for¬
mer Mayor William F.
Broening.
The
lowest
tax
rate
in recent
of Riverside Hos¬
bonds which will
exchange
pital
the
is
change Plan Proposed—A plan for
the
Detroit has done
These
at
tained by the Defense Plant Corp.
proposed tax rate of $2.85
same as that of 1941.
The
The
Bond
prevent
Calhoun
the
at
The
profits and "war millionaires."
other industries.
Ky.
Revenue
to
payable
he
war,*
said, the excess profits
created
D.)
tax was
to prosecute the
money
the
needed
and foreign governments who en¬
$56,499,000, against $52,- joyed Detroit's public services, he
807,000 for 1943, or an increase of declared.
$3,692,000. Increases in the 1944
Council President John C, Lodge
budget are largely the result of emphasized the necessity for adop¬
increases in salaries allowed
in tion of the ordinance
establishing
municipal departments, many of the tax because the city, after
which have be$n in continuous
Dec. 1, would have sacrificed all
fear of losing personnel because
of its rights to collect on peak
of higher wages paid in war and
current revenues of the two util¬
.
Hospital
that the Fed¬
Government
eral
municipal budget for 1944
The
payments are to
July 1 on the
Paducah,
Contrary to the argument
of utilities lawyers
■
(J.
furnish
will
proving legal opinion of Dorsey,'
Colman, Barker, Scott & Barber,
of Minneapolis, both without cost
to the successful bidder.
Delivery
will be made in Mankato, Min¬
State Bank, Homer.
will total
:
:
would go to the Federal Govern¬
ment.
and
1, 1943. Denom. $1,000. Due
$12,000 June 1, 1945 to 1949. Rate
of interest to be in multiples of
y4 of 1%. Principal and interest
unconditional.
be
must
District
Dec.
otherwise
that
profits
excess
tional next year.
be made
until
Rockport
Bridge, where a $303,000 balance
is outstanding, and on the Livermore Bridge, which
has $165,000
in bonds outstanding., v
;
No
City of Detroit would obtain for
its citizens a part of the company's
against
$2.85
be
relatively simple in that the
$2.65 for the current year. It will more than any city in the country
mean, for example, that a person in its war effort and the tax would
owning a $3,000 house on which not compensate the city for the
municipal taxes -of $79.50 were losses in revenues it suffered as
paid this year will pay $6 addi¬ the result of tax exemptions ob¬
The
•
will
rate
The
$1,235,000 left outstand¬
ing.
was
bid
purchase of $60,000 not to exceed
3% building coupon bonds. Dated
The plan, he said,
of-the-Whole.
budget committee.
a
due; Milton Bridge, $35,000 pay¬
ment and $485,000 balance; eight
intra-State bridges, $240,000 pay¬
ment and
personal argument at the
a
Council's meeting as a Committee-
Meredith
2303
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4235
158
sale
or
advance of such
offer- for sale.
than
No
bid of
and accrued inter¬
est will be accepted.
Oral bids
will not be considered, and each
less
par
plan "would stabilize and peg the
market
This
on
these securities."
^
that $22,000,000
of the surplus be used to establish
a
proposal
sinking fund for retirement of
2304
THE COMMERCIAL & FINANCIAL CHRONICLE
full
when
faith
they
and
bonds
credit
mature,
thus
was
putting
awarded
Dec. 1
on
an
issue of
lawful
bids
for
received
are
a
peal before the State Board of Tax
lower interest rate. Principal and
Appeals
interest payable at the East Ruth¬
general.
South
Carolina
ha^
proved such procedure to be prac¬
The bonds will be sold to the bid¬
tical and wise.
June
der
principle and in
\j5>
.
*
'
'
'
•
,
'
were
MISSOURI
St. Charles County (P.
&
Hoffman,
Clerk
the
of
Co.'and
&
Burton
Hardgrove, in
fered
County
to
Ferris
National
western
&
Bank
therefor
&
Rutherford
the
,
and
least
take
to
ual
of
amount
two
or
the
Trust
same
lines
follows:
to
Co., and Piper, Jaffray & Hopwood, both of Minneapolis, of¬
bridge
revenue
fered 100.659 for IV2S; an account
refunding bonds, dated May 15,
composed of John Nuveen & Co.,
1941, due cn June 30, 1956: 351 to
First of Michigan Corp., First Na¬
371, both incl., and 387 to 415,
tional Bank, St. Paul, First Na¬
both incl. Payable at par and ac¬
tional Bank, Minneapolis, and C.
crued interest at the First Nation¬
S. Ashmun & Co., offered 100.12
al'Bank in St. Louis, or at the
for
$184,700 2V4S, and $276,000
New York Trust Co., New York.
134s, and 100.36 for the entire
Webb City, Mo.
issue as IV2S.
amount
the bidder
,
to
or
accrued
from
the state.
An
the
During
debt
little
$314,485,
'
from
refunding
1950 to 1953 inclusive:
der to
name
Bid¬
expressed in multiples of 34 or
Denomination $1,000. Due Jan. 1,
3s of 1%. Principal and interest
as follows: $250,000 in 1945, $260,-,
(J-D) payable at the First Na¬
000 in 1946, $270,000 in,1947, $280,tional Bank of Boston.
Delivery
OOQ; in 1948, $290,000 in 1949, $300,- at said bank on or about Dec. 15
000 in 1950, $315,000 in 1951, $325,against payment in Boston funds.
OOd; in .1952, and, $111,000 in 1953. Legal opinion of Storey, ThornThe bonds maturing after Jan. 1,
dike, Palmer & Dodge of Boston.
1949, being redeemable at the
option of the State Board of Ex¬
aminers, at par and accrued
terest, on Jan. 1, 1949, or on
in¬
any
34;
New
1/10 of 1% and must be
the same for ah of the bonds. The
bonds are registerable as to prin¬
cipal. alone.
No bid for less than
Jersey
f ? /'y
N.
Bond
Ordinance
sinking fund portfolios 1 has been
a'
contributing factor: in' building
Commissioners passed
■
firs't
on
reading Nov. 23 an ordinance au¬
thorizing the issuance of $306,000
in bonds as the city's share of a
construction project
*
the
erection
of
jetties
and
upon
Avenue is contingent
receipt of financial assist¬
ance-
from
the
State
Board
of
Commerce and Navigation and the
County Board of Freeholders. Asqording to the Resolution read/by
at
City
office.
Award
the
the
State
will
the..highest price,
par
and accrued
Treasurer's
be .made
not Jess
1. S.
at
than
interest.
Rippel & Co./
Established
The
purchaser will be required, in ad¬
dition to the purchase price, to
furnish tbe printed bonds on steel
NEW
taxes .as shall be set aside for that
Cress kill,
provided by Chapter
the 1943 Session Laws and
purpose
121. of
from,
ad
an
valorem
..Jaxjjio-
be
levied upon,all the. taxable prop¬
erty in tbe State within the limi¬
of the State
Constitution,
tations
the..full
State
Bond
as
faith
and rcredit
cf
the
are
pledged for the payment
of the. principal and interest.
In
the. event "that prior to the deliv¬
ery /pi the bonds the income re¬
ceived by private holders from
bonds of the
same
type and char-
Arthur
an
the
While
it
State
is
a
believed
Pending
The
—
issue
application ra connection with the
proposed issuance of $79,000 re¬
funding bonds. The ordinance-was
states
slated
construction. '
for.; final
by ' the
passage
Borough ;Council -on Dec. 1,
cording to the Tenafly,
N.
"Tribune," which
continued
part as follows ;<■
.
gations under- the contract to
pur¬
chase the bonds and in such
case
the
deposit accompanying his bid
will be returned.,
be
The bonds will
delivered and payment there¬
for must be made
Jan. 3,
1944,
at. a bank or trust company in
Helena.
The approving opinion
of. Masslich & Mitchell, of New
York, will be furnished the pur¬
chaser
without
certified
check
on
cost,:
for
Enclose
$50,000,
a
pay¬
able to the State Treasurer.
Yellowstone
and
1955, -and
on
on Dec.
1, 1956. Said bonds
to be coupon bonds registerable at the option; of the holder
are.
to principal only,, or
principal and .interest,..
as
as
to both
v;
East
Rutherford
•
N.
' '
.
School
J.
■
District,
■
'
Bond
District
Offering — E. P. Hutten,
Clerk, will "receive sealed
Dec.' 1, the
Controller
ever
Zink// the
paid, accord¬
!
The total figure was close to the
$23,000,000 which Zink had
pre¬
dicted in March that the Railroads
would
pay,
and' compared with
the" total
of
$16,608,688 * paid last
year.
y
The payments are the third un¬
der the railroad tax'
compromise
of 1941 and reflect the increased
earning
the
power of the
tax formula
to exceed 6% coupon or
registered
school bonds. Dated Dec.
31, 1943.
Denom.
roads, since
is based
on
each
made
when
for
to
levy.
Kalman &
Co., all of Minneapolis,
•
ing to Trenton advices.
bids until 8 p. m. (E3YT) on Dec.
14 for the purchase of
$30,000 not
The bonds will bear interest at
the lowest rate named
by the bid¬
der and no bid wTill be considered
—
!
•'
County School Dist.
Billings), Mont.
-Bond Sale
A syndicate com¬
posed of Paine, Webber, Jackson
&V-Curtis, Chicago; Allison-Wil¬
liams Co., J, M. Dain & Co. and
No. 2 (P. O.
'■■"/..-..•"■.V/ /'
legal deadline, paid
the; State' $12,136,116 in property
taxes and $10,672,286 in franchise
twenty-nine
bonds
the
Payments—New' Jersey; railroads
largest amount
serially, twenty-five bonds
1, in each of the years
Dec.
prop¬
by
Jersey (State of)
paid
1954
"
on
State Receives Record Rail Tax
th9; successful, bidder
on
specifically
part of the expen¬
is to be assessed
New
J.
.
ho
erty' specially: benefited
in
<'...
•
.; *
\
■')
refunding bonds are to -be
dated Dec. 1, 1943 and shall con¬
-
diture
ac¬
Said
v
Sherman and
that
taxes
may, at' his
of bis obli¬
offered by
was
State Funding Commission is said
to have reviewed! the Borough's
tion, of $1,000 each, and are to be
relieved
Before Jap. 1 the State will
$1,000.
Due
$3,000
Dec.
31, 1944 to 1953.
bonds at
a
higher rate if
any
road's earnings plus the franchise
'
The
highest
1"
payments
ever
railroads
for
property
taxes
was
$12,475,775, but the Pennsylvania
and
Erie
withheld
$300,000 because of
a
more
than
pending
ap¬
■
■
/V^/RR/'NEW
/
m//,/
YORK
Albany, N. Y.
/
/
reducing this
on its taxpay¬
1932 and
1937/ the
cities
in
the
state
have
a
between
50,000
and
250,000. Every city in this group,
except Albany reduced its debt
between
,
1937
increased
and
its
debt
average
1942/.
debt
Albany
1V2%.
reduction
other nine cities
The
in
16%.
was
r
the
:
.For
example, in this period,
Schenectady, and Troy cut their
debt -9%,: Yonkers
12%,
New
Rochelle
16%,
Binghamton-35%
and Syracuse 44%.
:
;//.>•:,
During this five-year period,
Syracuse reduced its debt from
R:
$51,000,000
Yonkers
to
debt
$28,000,000,
lowered
was
and
from;
$35,000,000 to less than $31,000,000.
But Albany's debt increased from
$31,585,000 to $32,079,000.
■
;
In 1944, Syracuse will reduce its
by another $3,000,000/ and
;
debt
Yonkers will retire
more than
$2,Despite the fact that it
500,000.
now
has
poses
debt
larger debt than either
a
Yonkers, Albany proto pay only $990,000 of its
maturing next year and to
refund
or
$1,144,000. If Albany paid
>all of its debt
maturing next
year
without
refunding, it still would'
making less progress in debt
be
reduction than either Syracuse or
Yonkers.
;/
y/'/R
.
Instead
of
lagging far behind^
Albany should have led the other
nine cities in debt
reduction, be¬
its has fiscal advantages not
enjoyed by the other cities of this
cause
state, For
example, under an old
doubtful constitutionality,
treasurer, collects state,
law
of
the
city
county
and
/
and
retains
city
taxes
from, the
.
together,
state
and
Sale—The' $474,000 bonds
offered
for sale on Nov; 30—
county taxes enough td offset the
158, p. 2202—were awarded to
the First National Bank of Boston
The
Bond
v.
1.80s, at
as
$230,000
•
000
and
equalization,
bonds.
follows:
.
follows:
par as
debt
series
Due
$1,000
Dec.
1943
1
as
amount
in
1946, $25,000
$30,000 in 1948 to 1953.
and
city taxes.
of col¬
expense
lecting the unpaid state, county
and city taxes are then shifted to
the'county and the county tax¬
payers.
/:
.
Cohoes
in, 1945,
$24.in 1947
of uncollected
burden
ever,
are
and
Watervliet,
how¬
to'pay to the
required
county- the
full
amount
of
state
200,000 .water bonds. Due $10,000 and county taxes levied on prop¬
/ Dec. 1, 1,944 to ,1963.
;',;// erty the rein j whether collected or
not:
Neither city is permitted to
44,000 local improvement
//
Due Dec. 1 as follpws: $8,000 shift to the county the burden* of
.in 1944 and $3,000 in 1945. to its uncollected, city, taxes.
As a
result, the taxpayers of both these
.//:;-1948,;
cities are required not
The only other bidder was Lee
only to
Higglnson Corp., for 2s ►at a price carry .the heavy load of uncol¬
lected state, county and
of 100.00..
city taxes
;
;» / .
therein,1 but -to pay additional
Comptroller
Moore
Explains
county Raxes because of the spe¬
Ban
.
-
on
,
Proposed Debt Refunding
—In
disapproving the refunding
by the City of Albany of any por¬
tion of that city's debt
maturing
in 1944 (see v. 158, p. 2202), the
following explanatory statement
was
issued by - Frank C. Moore,
Statb:
Comptroller:;
After
careful
.// /
:' •' /
cbpsicleration, I
,
have this day disapproved the re¬
funding of
any
pQrtion of Albany's
debt
maturing in the fiscal
beginning Jap. 1) 1944. ,, * ;
year
.
At
/.
the- annual
meeting, of the
Conference of Mayors in Albany
last June, I urged the municipali¬
ties
previously were in 1932,
they totaled $19,554,000.
The total 1943 levy against the
re¬
$80,000 of highway improve¬
bonds and $1,270,000 unem¬
ployment securities.
ment
Director of' Revenue and Finance
Walton
unemployment bonds.
tire
'The resolution for the creation
of the bond
sist of 79 bonds of the denomina¬
be
city's
maximum if needed to
acter shall be taxable by the term?
of any Federal income tax
law,
election,
the
will not exceed the $306,000
complete
their share of the project.
J.
$26,954,716 against the road and
bri,dge issue and $8,570,030 against
agency
figure, the Commissioners here
may appropriate up to $700,000 as
JERSEY
Issuance
add
cost
Phone—REctor 2-4383
engraved borders.
These bonds
general obligations of the
State, payable from such license
and
1891
MArket 3-3430
are
J.
Wooding,
$100.would
additional $900,000.
V;
000
■
N. Y.
Clerk
the latter would contribute
18 Clinton St., Newark 2, N.'J.
/ The gross debt of $89,070,000 is
up of $30,000,000 road and
the
Ten
population
; /.'':. Syracuse
////.. -'
which, when
complete, would cost an estimated bridge bonds, $32,240,000 highway
$3,500,000, according to the Long improvement bonds, $8,350,000 in¬
Branch "Record" of Nov. 24, which stitutional construction bonds
and
went on to report:
y;
$18,480,000 unemployment relief
In the sinking funds are
■<; The measure, which provides bonds.
bond? will be enter¬
Principal
and
interest
of
surpluses./
up.
in the
made
tained,
payable
all
In¬
of
to Sea View
Municipal Bonds
maturity.
Tentativly Approved—The Board
bulkheads from Takanassee Lake
or
issues and many" bonds have been
called
ahead. of "
creased value of securities
for
interest payment date thereafter.
Rate of interest to.be in multiples
of
Long Branch,
:>/
<
was reduced
less than $1,000,000, but between 1937 and
1942, .it is increased by another.
$500,000. /■",
r
.
Beachfront
Between
debt
■
of interest,
rate
one
Dated Jan. 1, 1944.
bonds.
in
tremendous burden
t
fpr, the purchase of the $2,401,-
;
:
1932/ the city has made
progress
ers.
.
coupon
last 20 years, the
City of Albany has
rapidly until it reached $33,-
Since
;
10
the
the
000.000 in 1932.
;
000 not. to exceed Vk%
of
; In
1922,
city had a debt of less than
$10,000,000.
Thereafter, its debt
,
,
not
of its
the
,
"
does
any
,»;/'v/'.y,. tremendously increased.
,
$377,394;
date of the bonds to date of de¬
Central Railroad of New
Jersey,
livery/Enclose a certified* check
$2,218,438, $2,902,126; Erie, $4,for $500, payable to the Board of
287,575, $509,756; New York Cen¬
Education.
//
yy .'3
tral, $704,557, $200,242; Susque¬
Haddonfield, N. J. '///// hanna, $220,719, $120,721, and un¬
Bond Sale—The $53,000 funding classified roads, $434,207:
$296,bonds offered,for sale on Nov. 30 378. < :' •£':v;//-J:'■/.'/" '<,
Bonds Authorized—It is report¬
—v.
Net Debt Reported Lowest in
NEBRASKA
158,. p. 2096—were awarded
ed that the issuance of $50,000 re¬
to the Camden Trust
Co., Camden, Years—New Jersey's net indebt¬
funding bonds was authorized re¬
Alliance? Neb.
as
edness has
0.90s, paying a price of 100.0018,
shrunjjc this year to
Bonds Sold—It is stated by;R.
cently.'/.
'
/'
" '
a
basis of about 0.899%.
Dated $53,545,252, the lowest in many
W. Laing, City Clerk, that $150,!
Dec. 1, 1943. Denomination $1,000. years, according ' to Trenton ad¬
MONTANA
/ 000 revenue refunding bonds have Due Dec.
1, as follows:' $11,000 vices. :••"%//
i:/ •
\i;
1
been
purchased
by
the
Kirk- in 1944 to
Deer Lodge, Mont.
The gross debt at present
is
1946, and $10,000 in
' ■ .
Bond Call —Walter .Holt, City patrick-Pettis Co. of Omaha.
1947 to 1948.
The next highest $89,070,000, which will be reduced
Clerk, reports that the city, exer¬
bidder Was Haddonfield National by $1,350,000 by January 1.
In
NEW HAMPSHIRE
cising its option, is calling for
Bank, for Is, aba price ,of-100;05. addition, sinking fund reserves are
i
payment on Jan. 1, 1944, all water
Exeter, N. H. *
on
hand
to
retire other
bonds
Other bids were as
follows:;
bonds.
Interest .ceasees on date
Bond Offering—F. Leroy Juh-<
when they- become due, leaving
'Bidder—
'■
Int. Rate
y,Price:Bid
called.
■ ■■/'//.:,
kins/Town Treasurer, will receive Haddonfield Nat'l Bk. 1%
$53,265.00 a net of $53,545,252.
53,181.79
sealed bids until noon (EWT) on Eastman, Dillon Co.— llA
The net debt now is about half
'
Montana (State of)
John B. Carroll & Co.
1 1/10
53,031.80
Dec. 7 for the purchase of $256,000
the $100,000,000 highway-institu¬
Boland, Saffin & Co._
I*
53,002.12
Bond Offering — W. L. FitzC. C. Codings & Co.-.*
coupon tax judgment bonds. Dated
1
53 018.55
tional-water bond issue added to
sipimons, Clerk, State Board of Dec. 1, 1943. Denom. $1,000. Due E. H. Rollins & Sons Co. 1
53,077.81
the debt structure by referendum
M. M. Freeman & Co.
/
Examiners, will receive sealed Dec.
in
1930.
1/ as follows: $26,000 from
It
has
been
retired
Inc.
1 3/10
' 53,053.53
bids until 10 a.m. (MWT) on Dec. 1944 to 1949 inclusive, and $25,000
steadily since through serial bond
«
.
debts payable next year.
case
the,prop¬
rose
Reading,
-.
analysis of the fiscal affairs
of the City of Albany
justify the refunding of
COO;
bonds, then
bidders offering
interest
.
a
Pennsylvania,
$3,642,280,
$3,965,592; Lackawanna, .$1,872,572,
$1,338,820; Lehigh Valley, $1,203,856, $957,253; Pennsylvania-Read¬
ing Seashore Line, $359,838, $4,-
of
pay
pay
each
refunding applica¬
on
have conform¬
so
expressed.
result, refundings have been
tremendously reduced throughout/
second figure the
tax.)
therefor the highest addi¬
tional price. The purchaser/must
2Vz%
(In
acting
tions since Jan. 1,1
ed with the views
railroads
As
the first figure indicates
bidders offer to take
more
the
Franchise levies totaled
$11,063,317 and of this amount the
Pennsylvania and Erie withheld
over $390,000.
Total taxes paid by the individ¬
equal to the par value
offered
which
subsidiaries.
on
Rutherford.
East
in
bond?, the bonds to be taken be¬ erty tax and the
ing those first maturing, and, if franchise
numbers of the total issue of $1,-
950,000
amount
an
Halsey, Stuart & Co., Inc., North¬
Court,,that he is calling for pay¬
as. of Dec. 31, the following
ment
Bank,
the
or
of the bonds
joint account, of¬
100.075 for 1.30s;
pay
of
bidders complying with the
terms of sale and offering to pay
Savings Bank, First Security
Salt Lake City, Edward
L,
v
Bond Call—It is stated by Leslie
Branch
National
Trust Co.,
O. Saint
Charles), ,Mo.
,
erford
15, 1951. Among other bids
the following: Harris Trust
In
question the fairness of the levies
$461,000 refunding bonds as 1.30s,
at a price of 100.092, a basis of
about 1.283%. Due Dec. 15, as fol¬
lows: $31,200 in 1944 and $30,700
from 1945 to 1958 incl/ Optional
the state out of
debt, seems sound
ahd desirable in
Monday, December 6, 1943
'
*
state
of
their
this
state
finances
for
to
the
-
strengthen
strains
of
the post-war period. I pointed out
that this is the time to reduce
debts, and that the only
debt is to 'pay it.
to
These
way
reduce
views
are
cial
nrivilege extended to the city
Albany.
; /■■'.
./.'..
of
Two
years
ago, " Albany " also
shifted to the county and its tax¬
payers the burden and expanse of
relief: and welfare.
'
moneys far in'excess of its needs
for such purposes.
Thereafter, in
defiance
of
law,
the
city
used
these
borid moneys, not to build
the improvements for which
they
were
borrowed, but for current
which should have
been provided for in the
budget.
As a result of this
illegal
expenditures
manip-
•
ulation,
there has been a short- '
irt the capital cash of the
city ;
for: several
nance.
of
■
J
decade, the city
has adopted a shocking
practice,
not indulged in by any other
city
in this state/
For
the
alleged
purpose of building various im¬
provements,
the
city
borowed
supported by every au¬
thority jn the field of public fi¬
■
/
:
Within the last
age
this
years;
"shortage
The
has
amount
;
fluctuated
J
-
Volume
from
Number 4235
158
time
On
time.
to
THE COMMERCIAL & FINANCIAL CHRONICLE
Dec.
31,
1943, it will exceed $1,000,000.
After dipping into its capital
city's share of the county budget,
tax rate may jump to more
than $4 per
$1,000 of assessed
namely, by
the
funds for huge sums to
valuation.
quired.
rent
pay
cur¬
The 1944
after shifting
to the county taxpayers the bur¬
and
expenses
den
of
uncollected
its
its relief and welfare, the City of
Albany certainly should have been
able to pay its debts as they be¬
due
came
each
rate
reduce the
to
year
the
as
debt
program so
de¬
paid its debts as they
than
more
ig
The
county; is not refundit has done in previous year.
as
$31,000,000,
Four-Point
and
Y.
Fiscal
"Evening News" of Nov. 11
to
City
Buffalo
The
—
car¬
ried the following report on a
proposal advanced to refund out¬
could be reduced several dol¬
proposed,
now
standing bonds and liquidate the
city's floating debt:
A proposal for a four-point city
practice.
Instead of paying its
debts as they became due, the city fiscal, program, including liquida¬
shifted to the taxpayers of-later tion of floating indebtedness, in¬
stallation of a new budgetary pro¬
years, the payment of these debts.
By postponing payment, the city cedure, formulation of a bondadded tremendously to the inter¬ refunding program an^l assistance
in obtaining state approval for re¬
est charges on the original debt.
Refunding is the! most costly funding was before Mayor Kelly,
method of municipal finance, and City Comptroller Frank M. Davis
and Budget Director Edward A.
Albany is an outstanding example
Neider today.
of its evil effects.
In the next 19
But, in 1933, the city of Albany
adopted
still
another
harmful
•
The proposal was submitted by
the New York firm of Norman S.
Albany taxpayers will pay
$9,301,754 in additional taxes as
years,
service
debt
bonds.
Taber
its
refunding
charges alone
$1,210,754.
on
Just
week
one
before I became
Taber & Co.
comptroller, the representa¬
of the City of Albany tried
to persuade my predecessor, Mr.
cluding
introduced in the Legislature
to borrow $1,400,000 to cover the
was
This
on
his
$1,694,000 during
because of the
over-expenditures of the last 10.
This bill of course, was vetoed by
the Governor.
'
'
.
to
lag
behind
other
cities
Trust
Com¬
Manufacturers
&
which
the
Mayor
in
The
this
Taber
plan
presentation
financial
of
sets
the
"now
problems
Procurement
of
sufficient
to
revenue
meet
in¬
true cash basis and
Comptroller
City
no
decision
made until
budget
Since
.
Mayor and
were informed
could
would
or
be
copy
for
of the proposed
1944
a
was
supplied.
department has
then, this
been furnished from time to
with piecemeal portions
tion and
of the fis¬
Tuesday did the city supply all of
we had repeatedly
the information
fiscal practice.
for
impair¬
operating
of refunding
a portion of the
bonds maturing
during the next few years and so
avoid a sharp increase in the
pres¬
ent tax rate."
floating
indebtedness
is
the tax-anticipation notes
issued
each
to make up the
year
difference
between
It fails to provide
levied
and
for the complete financing of the
These
notes,
the
the
total
under
taxes
collected.
the
present
city.
It will increase rather than
eliminate the city's present diffi¬
system,
more
than five years and the
culties.
nual
installments
are
Albany County (P. O. Albany),
Y.
N.
Non-Refunding
of
Bonds
to
a
1, carried
report from which we quote in
part as follows:
•
•
Albany county's 1944 net budget
.
—an
due
increase
mainly
bonds,
to
of
about
$800,000,
non-refunding of
submitted to the Board
of Supervisors last night. ;
The county estimate, combined
with
the
city's estimated costs
next year due to refusal of State
Comptroller Frank C. Moore to
approve
refunding of municipal
bonds, is expected to result in a
was
substantial
tax
rate
increase for
Albany city real estate owners.
Mayor
estimated
Corning
the
net
has
previously
city
tax
rate
cannot
part
of
be
for
renewed
an¬
reducing them
operating expenses
within the 2% limit.
The current
floating indebtedness is about $3,200,000.
Boost City Tax Rate—The Albany
"Times-Union" of Dec.
The
Taber program
mulate
a
would for¬
to
program
liquidate
this indebtedness and would pro¬
vide assistance in making up the
1944-45
budget
the
budgetary procedure the
new
plan woujd
to
comply
with
"
»
entailj
V :
:
As to
refunding, annual core of
controversy
in
budget-miaking,
Mr. Taber proposes:
."Formulation of
-
a
•
:
sound
refunding of certain
bonds maturing in the next three
years, which shall result in the
scheduling of all bond maturities
well
as
the
retirement
floating debt.-in
which
can
current
annual
of
amounts
be met each year from
revenues.
This
program
so as
$1,000 of assessed valuation of real
property.
Combined
with
the
the accomplishing
of the refund¬
by
'
1944
$4,437,958
36,528,661
Aurora
11,121,576
11,247,399
Boston
2,089,750
2,074,003
Brant
2.545,894
2,687,602
30,718,654
36,667,245
Clarence
6,086,516
6,198,631
Colden
1,532,022
either
of
two
to permit
methods,
awarded
following
(000's omitted)
to
City
official
post-war
program
$773,000
,
Collins
3,761,190
of the Mayor's Business Ad-,
visory Committee. He presented
figures which showed that in a
from
13-month
in
man
period unemployment
city had decreased almost
1,500,852
<
Cheektowaga
Concord
J
9 772,005
3,417,443
,t
31,950,325
Holland
1,654,565
______
Lancaster
Manila
16.038.406
1,300,316
c
•
Newstead
North
;
4,366,980
Hamburg
4,787,096
Collins..
Orchard
2,743,284.
Park.
7.277,091
Sardinia
1,572,329
Touawanda
>
Tonawanda City
Wales ....I...
84,143,678
? 91,365,173
,
17,601,934
"
17.894,727
1,244,045
1,272,326
'
West'Seneca_.L
19,716,190
19,820,785
Lackawanna.
47,020.143
49,007.979
909,868,130
80%
Total
_2'
$1,269,308,198 $1,291,610,738
Bond
Refunding
posed—Plans
Action
the
the
on
common
Pro¬
decision
council
as
to
the
necessity of the refunding, accord¬
ing to the Oswego "Palladiumr
Times" of Nov. 20, which contin¬
ued in part
as
follows:
due
and refund the
remaining portion.
Mayor
Elon
K.
Rowlee
and
city Attorney William S. Hillick
returned
Saturday from Albany
where they conferred with offi¬
cials of the state
comptrollers of¬
fice on the pcsibility of
the
bonds.
Decision
refunding
being
is
still
withheld by the comptroller's of¬
fice
pending the appropriations of
the
common
council,
when
it
adopts the city budget in Decem¬
ber.
Mayor
Rowlee
said Saturday,
City Attorney Hillick
will again confer with the
comp¬
troller after' the budget
adoption.
Mayor Rowlee stated that the re¬
that he and
1948
bonds
where
standing
will
there
bonds
to
be
are
be
paid, in
no
out¬
paid off at
the present time.
44.000
from
approximately
525,000 in July, 1942."
Regarding the deartn of
available
for
increased
space
manufac¬
while
there
feet
square
1942, there is
000
manufacturing
the
of
summer
feet
less than 1,000,available in the
space
problem threat¬
square
city.
of
in
vacant
space
10,500,000
was
The
now
,
large
the
manufacturing
companies
from the Mid-West to the
said,
but
real
estate
city, he
firms
ment of Commerce to find
modations
for
accom¬
All these
facts, Mr. Sloan said,
are
"most gratifying when it is
recalled that many: of our manu¬
facturing establishments and es¬
pecially small plants were in a
precarious position in the
of
1942."
gan
The
summer
upward trend be¬
in the fall of 1942, he said.
Large
for
Post-War Program Seen
Metropolitan Area—New York
City's capital budget for 1944
poses
construction
of
'
pro¬
only
$50,However,
the
capital
budget, as required by the Char¬
ter; covers a five-year period. The
000,000.
post-war program began with the
approval in the 1942 capital budget
Report. Shows
at
New
Y.
City's
Peak—The
New
"Herald Tribune" of Nov.
ried the following article:
Mayor
F.
H.
York
11
LaGuardia
car¬
in
a
report submitted to Gov.
E.
Albany
and
some
against
corporations,"
that
the
the
000.
It. is
another
now
it
to
$700,000,-
proposed
$73,000,000
to
the
in
add
1944;
the whole story.
vides
funds
of
The budget pro¬
for
the
still
other
other
business
states
report
of
taxation
for
the State
is
now
"distributed
un¬
equally, and therefore unsoundly
and
unwisely, among corporate
taxpayers generally."
Fundamental corrective changes
recommended would:
1. Eliminate the present "arbi¬
trary" division of business corpo¬
rations,
holding
investment
trusts
corporations
into
separate
classifications, and sub¬
ject them to
signed to
flexible tax
one
accord
ment to each
and
three
different
de¬
treat¬
type of income and
capital.
2.
•'*
Substitute
for
the
State's
present "unique" formula for
locating
and
business
outside
the
income
State,
iti line with
more;
formula
by
achieving
thereby
greater'-uniformity of
of
corporations
in several
ness
3.
Place
used
treatment
in
engaged
States.
corporation
taxation in
New York
current basis.
Under
al¬
within
a
those
otherStates,
busi¬
franchise
State
the
on
a
present
law, the tax is paid for a future
privilege year but based on net
income
or
capital of
a
preceding
year.
"The
general
scheme of divid¬
ing business corporations, invest¬
trusts and holding corpora¬
tions into three separate, rigid
classifications, by arbitrary, in¬
flexible
definitions, is unsound
and unfair," the report states.
The remedy proposed in the re¬
ment
port
is
a
flexible allocation
a
flexible
could
for¬
schedule
of
applied
to
be
all three.
This provides, first, for a tax
computed on the portion of every
corporation's capital invested in
stocks
which
according to the Citizens
Budget Commission, this is not
to
privilege of doing business in
which
increased
State
according
the
burden
rates
$628,000,09,0, and the 1943 budget
the
Blaming the present law for
"unjust discrimination in favor of
$350,000,000. As amended in June,
1942. added projects brought it up
o
Rollin
by
of
advices.,
news
and
further
Dewey
Browne, President
Tax
Commission,
mula
planning
re¬
ed
cf projects at an estimated cost of
But,
Business
discrimination result¬
"arbitrary" definitions
the present law, is recommend¬
are
incoming firms.
tax
from
Thomas
of
movement
locating in New York, and
end
ing
.
check
to
ens
budget.
New York, N.
to
to
working closely with the Depart¬
$183,000 in city bonds
during the coming
year of which
city officials be¬
lieve it might be advisable to pay
off the larger share of
$100,000
become
had
cases
by the New York State
Department of Labor, had dropped
that
are
depending
that,relief
turing operations, Mr. Sloan noted
pending for the
refunding of all or part of $83,000
in city bonds
during the coming
year
and
ported
913,703 570
...
Buffalo
the
dropped more than 90%.
v
"Today unemployment in New
4,188,19. ir
York City is virtually non-exist¬
3,594 919
4,439,248
ent," Mr. Sloan reported.
"The
9.695,101'
U. S. Employment Service
reports
3,552.511
32,525.304
registered unemployment down to
1,655,611
67,000 in September, 1943, as com¬
16,067 48"
pared with 368,000 in July, 1942.
1,307,451
4,825,141
Correspondingly, the relief certi¬
2.503.923
fied cases for the New York City
7,426,867
area for September,
1943, was re¬
1,586,470
3,534,073
Evans
in
3,835.601
4,157,338
"
Grand Island..
the
is to be formulated
ing
"' ':
35,120,743
scheduled
pro¬
gram for the
as
1943
-
$4,436,472
•
,
increase would be about $1.75 per
City—
Amherst
A total of
meant
been
least
at
the
as
table shows:
•
of
"2—The necessity
By
proposed budget for the
next year neither complies with
the law nor conforms with good
limita¬
avoid further
so
ment of the monies
tried to obtain.
The
tax
purposes.
time,
cal data requested. - Not until last
2%
have
of
program
$1,500,000,000
.
Fulton, N. Y.
the
struction
ago
.
floating
"(c) Retirement of the existing
foating indebtedness from reve¬
months
reported by the Mayor's Busi¬
ness
Advisory Committee at a
meeting at City Hall. More war
contracts
$1,250,000,000.
apart from the
post-war programs of other inde¬
pendent public agencies. * When
poten¬
...
indebtedness.
outside
The
18
over
This is entirely
was
approval of
would be ren¬
firm.
status
Including these,
post-war program es¬
a
generally these are adclpd, New York Cuy
industry will have a pdet-war public con¬
and
commerce
their
have
we
,
•
nues
en¬
eliminate
so
annual increase in the
an
formation necessary to pass on the
an
local
$307,000,090
Wholesale Market to
new
$20,000,000.
timated to cost
immediately took steps to enlarge
in
Subway to cost
and the
cost
a
—
,
operating
in August,
the
in
nue
of
decrease by
80% of unemployment in the five
boroughs in the last year that he
over
pro¬
the
comptroller
by the Taber
Elma
"(a)
requested to furnish the fiscal in¬
and
assistance
Eden
creasing costs within the consti¬
the city again applied for permis¬
tutional 2% limitation.
sion to issue $1,144,000 refunding
"(b) Balancing of the budget on
bonds.
The city's officials were
a
application,
refunding
secure
Alden
confronting the city:
"1—The difficulty bf preparing
"he annual budget to effect the
following results:
:.
.
Late
to
Comp¬
were
expansion
further the city's business
tialities after the war,
A vast improvement
eco¬
Moore would be
any
the
.
re¬
major
Again thwarted, the city revert¬
debt reductions.
plan,
forth
ed to the device which has caused
it
Marine
the
Trust
comment.
additional
an
the next 20 years,
manufacturing and
of
reports
city manufacturers, the Mayor was City official post-program for
which total costs are not intold and a healthy trend was in¬
':
eluded above
,496,003
dicated by a shortage of space for
Dutchess County (P. O. Poughadditional plant facilities and even
Total city program
$l,269;ooo
keepsie) N. Y.
a shortage of skilled labor in vir¬
N. Y. City Housing
Authority.
108.00/>
Note
Sale
Paul
J.
Miller,
Brooklyn-Battery Tunnel
67.000
tually every branch of manufac¬
County
Federal highways
Treasurer, reports that
y 47,000
turing.
State grade-crossing elimination
$300,000
tax
11.332
anticipation
notes
With this cheerful picture of State-shared
post-war
public
dated Dec. 1, 1943, due April
1, war-time
works
70,000
industry in New York
1944, were sold on Nov. 30 at to
hearten him, Mayor LaGuardia
Total—other public agencies
0.60%, as follows:
$100,000 to soon after the
'$293,362
meeting announced
Poughkeepsie Trust Co.; $75,000 the
Grand total
$1,562,362
appointment of 11 industrial
each
to
First
National
Bank,
And to all this might be added
executives, a city enginei4 and
Poughkeepsie, and Fallkill Na¬ himself to
study and plan post¬ the post-war programs of other
tional Bank & Trust Co.,
Pough¬ war business activities.
independent
municipal
govern¬
keepsie; .$50,000 to Vassar Bank,;
The new Committee, headed by mental units in
the Greater New
Poughkeepsie.
:
the Mayor, will delve into' the York
metropolitan district which
Erie County (P. O.
Buffalo), N. Y. possibilities of new manufactur¬ embraces suburban areas on Long
Large Gain Reported in Total ing plants in the five boroughs Island, in Westchester County, in
and the needs for expansion and
Connecticut and across the Hud¬
Assessment — The total assessed
valuation of real and franchise! modernization of existing facili¬ son River in New Jersey.
ties in-private industry. The Post¬
property in Erie County for 1944
New York (State of)
war Committee also will survey
tax purposes is
$1,291,610,738, an
Browne Report Offers Revised
increase of $22,302,540 over this prospects for replacement of ma¬
Business Tax Base—Broad revi¬
chinery and equipment.
year,
County Tax Equalization
The report on the city's im¬ sion of State tax laws to provide
Commissioners Joseph P. Broda
business
situation
was
fairer, more equitable spread of
erick and John K. Lapp reported proved
submitted
by George A. Sloan, business taxes, to eliminate ele¬
recently. The assessed valuations
Commissioner of the city's De¬ ments in the law which tend to
follow:
partment of Commerce and Chair¬ discourage
certain
enterprises
Town or
ferred to Director Neider without
the
taxpayers of Albany the payment
of
a
proposed
syndicate headed
program
Company.
No ac¬
tion was taken then by the mayor
or the Common
Council,., '
Mr.
Taber,
accompanied
by
Deputy Comptroller George W.
Wanamaker,'visited May of Kelly
Wednesday afternoon to outline
them, the
city tried another scheme. A bill
foisted
associated with
was
the
and
pany
Traders
their request.
This avenue closed to
have
finance
city
the
amount
last winter by a
by Chase National Bank and in¬
O'Leary, to grant them permission
to refund a large portion of their
debt maturing in .1944 and 1945.
Mr.
O'Leary
properly
refused
would
municipal
bond-refunding
tives
bill
Co.,
The
would pay for the firm's services
is left open for future discussion.
state
shortage in the capital cash.
&
experts.
The interest
amount to
and
State
gratifying
so
the
contract between the city and the
firm would run until May
1, 1944.
Sub¬
Plan
mitted
the tax rate for next
lars below that
for
C.
dered
Buffalo, N.
ing
expense,
the
of
approval
needed
deavor
without any economies in operat¬
year
The
troller Frank
gram,
became due, Albany today would
owe less than $23,000,000 instead
of
The
■
refunding in the most
York, and
re¬
re¬
nomical manner."
Smith.
M.
out the
is due to non-refunding of $611,000 in county bonds maturing in
tax
amount
give flexibility to the
that the city can carry
$3,505,448.99, was submitted to the
Supervisors last night by County
1943 budget totals $2,702,899.99.
Most of the increase of $802,549
clined.
If it had
total
New
refunding
immediate
an
"This will
county budget, totaling
1944.
and
annual
an
by
or
Treasurer John
and'
taxes
process
funding of the
2305
of
is
subsidiary
allocated
at one-half mill
on
to
companies
New
York,
the first $50,-
000,000, one-quarter mill on the
$50,000,000, and one-eighty
next
and
mill
projects,
000.
study
among them the Second Stage of
the Delaware Water
System to
ceived good news yesterday con¬
cerning the industrial situation in cost
$76,000,000, the Second Ave¬
In
on
any excess over
$100,000,-
addition,
the
corporation
would pay whichever is greater
of the following:
'
\y*
2306
A
THE COMMERCIAL & FINANCIAL CHRONICLE
tax
computed
portion of its
3%
at
net
dividends allocated to New York,
and at 6% on the portion of its
other
its
net investment income
business
net
to New
Or,
business
its
capital
the
on
invest¬
and
New
to
allocated
por¬
York.
Niagara Falls, N. Y,
Certificate Offering: — Charles
H. Brown,
Jr., City Manager, re¬
that he will receive sealed
until 11:30 a.m. on Dec. 6
ports
bids
(EWT) for the purchase of $200,000 not to exceed 5% certificates
of
indebtedness.
Dated Dec. 7,
1943.
Denomination $50,000.
Dec.
1,
be in
Due
1944. Rate of interest to
multiple of one one-hun¬
Principal and in¬
a
the
dredth of 1%.
payable at the Marine Mid¬
Co., New York.
The
certificates will be general obliga¬
submitted
were
certificates
for
at
0.59%, one by
Leavitt & Co., the other by the
County Trust Co. of White Plains.
Port of New York
Authority, N. Y.
Gain—Operat¬
ing revenues of the Port of New
York
Authority
amounted
to
Income
Reports
York;
of
ment
allocated
income
tax of one mill
a
tion
and
bids
Two
the
on
non-subsidiary
$1,455,107 in October, an increase
of 6.9%, compared with the cor¬
responding 1942 month, it was an¬
Nov.'29.
nounced
Net
before
in¬
$402,786, the authority had a bal¬
ance
of $758,728
from October
receipts available, for sinking fund
and
reserves
retirement.
debt
In
the ten months ended Oct.
31, the
authority had a balance of $5,124,433 available for sinking fund re¬
serves
and debt retirement.
limited taxes,
and will be payable
to
bearer, with the privilege of
registration as to principal and
Each bid must be for all
interest.
certificates
said
of
Beaufort
County (P. O.
ton), n. C.
from un¬
and
state
a
single rate of interest. $50,000 of
said certificates are issued
ac¬
on
for
payment
Jan.
unpaid taxes for the cur¬
rent fiscal year pursuant to the
to
City Charter, the period of prob¬
Washington, N. C., for payment on
able
usefulness of which
five
is
The
are
purpose
date
and the remaining
issued to provide
unforeseen emer¬
years,
$150,000
Said bonds should be
Jan.
funds
to
gency
called.
City Charter, the period of prob¬
Interest
ceases
on
which purpose
election, be relieved of his obli¬
gations under the contract to pur¬
County (P. O. Ashe-
Bonds Purchased—In connection
26
case
the deposit accompanying his
The approv¬
ing opinion of Vandewater, Sykes
Galloway, of New York, will be
&
furnished to the purchaser with¬
out cost. Enclose a certified check
for
$4,000, payable to the City.
Oneonta, N.
Y.
City's Bond Debt Cut to $87,000
—Oneonta's
outstanding
indebtedness
of
on
Nov.
refunding
Various
$87,000
and
slashed
$40,000 next
the
will
year
be
when
the final payment is made on the
bond
for
the
sewage
disposal
*plant.
City
VanWoert
James
announced
recently.
city's
indebtedness
was
upward in 1934 when it
The
forced
was
Chamberlain
necessary
$375,000
to
construct
the
sewage
disposal? plant,
major bond issue will be
but this
paid in full in 1944.
bond issues
the final
are
Two other
year,
Junior
in
payment of $15,000 this
the bonded debt on the
High
1926
at
dropped
a
to
after
or
and
School,
cost
of
constructed
subsequent
coupons,
at
the
York City.
Coupons maturing on
Jan. 1, 1944 and prior will be
paid
presentation and surrender, of
The
final
payment will be made in 1946.
of
built
was
in
1905
at
a
date
called.
Interest
ceases
on
Swain County (P. O. Bryson
City),
n.
Tenders
ceive
in
c.
Wanted
14 of the
road
on
and
it is
will
be
a
city has
op¬
"pay-as-you-go" basis
expected that this plan
considered
in
proposed
post-war
—
Charles
proved
by the
Common
Council
by the state de¬
re¬
Certificate Sale—The $40,257.04
tax certificates offered for sale on
*Nov. 26 —v. 158, p. 2202 —were
awarded
Bank of
Nov. 30,
1944.
to
the
First
National
Boston, at 0.57%.
1943.
Due
on
Dated
June
30,
following bonds
due July 1,
1, 1937,
rejected.
General
re¬
funding; school refunding; fund¬
ing, Series A; funding, Series B;
funding,
Series
A;
in¬
funding, Series B.
NORTH
DAKOTA
Each
tender
face
noon
(EWT)
on
2%-4%
tion
(State of)
Urged—It
suggested
was
re¬
cently by Governor John Moses
that State highway reconstruction
be
made
integral part of a
post-war program.
He suggested
that
tax
an
one-cent
gallon of gasoline
a
be earmarked to pay
revenues
the
principal and interest if the
people vote a State constitutional
for
share
State's
State
Federal-
a
must
specify
amount
of
the
the
bridge
interest
funding
bonds
tendered, must state the dollar
price per $1,000 par value of the
a
firm offer to sell
noon
or
until Dec.
meeting
of the Greater
Association, Gov¬
Moses
advocated
also
period
post-war
educational
program
a
so
servicemen
turning
accept
either
or
a
part of the bonds of
both
issues
describe
•
semi-anni.
for
revised
that re¬
finish
may
Co.__.
Stranahan, Harris & Co., Inc
100.57
2098—were
(State of)
Gasoline Taxes Off—It
nounced recently by K.
was
an¬
K. Doug¬
las, Chief of the State Division of
Gasoline
and
Liquid Fuel, that
Ohio's net earnings from taxes on
motor vehicle and liquid fuel gal-
with reference
Bids
turning from the armed services
others who are employed in
industries.
war
-
make
should
"We
;
.
no
spur
,
$8,708,347.07
under
the
corresponding 19 4 2
period.
'
He said gross income from the
combined taxes amounted to $33,857,886.64, with refund allowances
.
plans but consider a
carefully because post¬
war
problems will be difficult.
Enormous manpower is now tied
exclusively by the armed serv¬
up
and
ices
thousands
more
in
are
industries."
war
,
OHIO
Sale
—
age
certified for tax
the
nine
Bonds Sold—It is stated
by Rus¬
Gale, Town Clerk, that $27,-
500
water
Sewer Dist. No.
24
Nov.
—
$9,000 Storm
2A, special assess¬
for
158,
v.
p.
sale
1986
offered
bonds
ment
—were
on
awarded to J. A. White .& Co.
of
VAs, paying a price
basis of about 1.14%.
1,
Cincinnati,
1
as
Due on Dec.
1943.
in 1945 to 1949 incl.
Sale—The
months
843,209,875
awarded'to Otis &
land
a
basis
Dated
1944.
Due $20,000 from
1945 to 1954. The next
highest bidder was Harris Trust
&
Savings Bank, Chicago, and
Fahev, Clark & Co., for IV4S a
price of 100.85. Among the other
bidders
for
A.
was
114s,
Other
Becker
G.
&
Co.
a price of 100.47.
bids, all for IVis, were as
follows:
and
Rate Bid
Trust
Co.;
Bank,
&
Co._,
Mericka
J.
Reusch
Savings
Clark
&
Co.;
Fahey,
William
&
&
Ellis
Co.;
&
J.
Co.,
100.854
OREGON
Astoria, Ore.
and
&
Crouse,
Bennett, Smith & Co
Harriman
100.833
from
122,700,032 in September,
September's net earnings
fuel
vehicle
motor
Inc., and
McDonald-Coolidge & Co.__.
Stranahan, Harris & Co., Inc
A.
G.
Becker & Co
100.682
100.588
totaled
$2,470,540.74
346,081.23 for the
against
Atwood, City Auditor, that
$1,740,000 not to exceed 2%%
Nine
semi-ann.
$3,-
were
sulting in net income of $8,397,September liquid fuel gross gal¬
lonage
was 93,298,872, compared
97,632,459 in August and
127,859,714 in September, 1942.
September's net income, after re¬
funds, for this classification was
$925,847.14, against $1,259,545.33
same
month last year.
'Municipal
changed
Bond
J.
—
A.
reported
&
Despite
of
quarters
doned
County, People's Util¬
(P. O. Hood
River), Ore.
Election
It is reported
ity District
Bond
that
for
—
election
an
Jan.
voters
Light
heard
in
declining
We
from the
many
remains
at
1.41%. The yields for
grade and for 10 lower
bonds
also
unchanged
being 1.24% and
1.59%, respectively.
week ago,
for
Cleveland
and
for
sold
are
the
$200,000
East
Tuesday,
Mansfield bonds
show
strength
bonds
$60,000
last
week
sold
rather than weakness. On the East
Clevelands,
all
were
the
five' bids
for iy4%
first
above
100.50
100.477
County
(P.
O.
Jackson)
Ohio
Bonds
The
Portland, Oregon, "Jour¬
most
at 2lk%
were
that
Held—It
is
stated
by
$40,000 delinquent tax bonds
program-
Oregon
or
district
about
which
has
a
only
8,000 inhabitants.
succesful
trict. might
major
carried \o
conclusion
control
dis¬
operate
systems
of
power
1
the
and
Northern
In
Oregon.
full-page advertisement in
a
issue
of
the
Hood
River
"Sun", the directors of the little
district,
which
without
said
has
to
success
business
power
approval
attempted
of
into
go
for
four
the
the
years,
bond
issue
would
of
er
mean the
expenditure only
enough money to acquire pow¬
facilities.
An issue of
$175,000,000
was es¬
timated to be adequate to buy Pa¬
cific Power & Light, which was
figured in its entirety to be valued
at
$43,000,000, and possibly North¬
It
Electric
and
believed
was
Portland
that
any plan
acquiring Pacific Power &
Light would involve co-operation
by Washington PUDs since the
bonds
company
dated Nov. 1, 1943. De-
are
$1,000.
nom.
Due
Nov.
$2,000
1,
1946 to 1965.
Bonds
callable
are
for
101.00
at
to
1956
on
1965
Nov. 1,
1955.
Principal and interest (MN) payable at the Village Clerk's
office. In the opinion of counsel,
these bonds constitute
a
valid and
after
Dalles
,the
sewer
system
are
further secured by a first
mortgage on the
system. The Ohio
entire
sewer
sewer
rental
gives the village the right to
change the rental charges from
time to time
as
deemed advisable
necessary
and the Village is
covenanted by
ordinance to main¬
to
at
all
times
sufficient. rates
state, its main
Hood
serves
and
sys¬
River, The
Pendleton
in
areas
Oregon and other units provide
power to Central Oregon, the As¬
toria-Seaside
district
and
Enter¬
prise.
Pendleton, Ore.
Bond
fiifst lien on the entire
of
deducting operating charges
that
in
also
tem
binding obligation of the Village,
are
payable solely from and se¬
revenues
serves
White Salmon,
Yakima and Walla Walla
Pasco,
areas
maturing
City Recorder, will receive
nett,
sealed
3
Offering—Charles E. Bur¬
bids
until
8
p.
for the purchase
exceed
to
series
1943.
78
6%
Due Dec.
672 in
in
bonds.
1,
m.
on
Dep.
of $27,672 not
improvement
Dated
as
Dec.
1,.
follows: $2,-
1944, $2,500 in 1945 to 1948,
and
$3,000
bids
must
in
be
1949
to
1953.
unconditional.
All
The
the cost of operation and
approving opinion of Teal, Win-
maintenance plus interest and in¬
terest payments on these bonds
free, McCulloch, Shuler & Kelley,
pay
Nov.
24 to the
and the 20%
The issue
serves
on
in
Public—Kline,
Co., of Cincinnati are
offering $40,000 3% first mort¬
gage sewer revenue bonds. The
&
Ohio Co. of Columbus.
awarded
ambitious
announced
ever
General Electric.
Bonds Offered to
Lynch
tain
Jenkins, County Auditor,
of
River
1,
municipal
today
the
isuance
nal" of Nov. 19:
today's
bonds
Bids
the
on
called
have
Co.,
yield of
a
been
to
Company,
and
possibly
companies.
quote in part as follows
other
20
high
has
order
$175,000,000 bonds,' with which to
purchase the Pacific Power ahd
prices, the market for Ohio mu¬
nicipals has remained steady dur¬
ing the past week. Our index for
Ohio
in
7
pass
the
a
He states
refunding has been aban¬
for the time being.
If the proposal were
talk
A
158,
there
as
Washington was outlined Thurs¬
day night by directors of the Hood
Dec.
on
sold
Hood River
follows:
as
not
Un¬
Index
White
Series
Nov. 24—v.
on
bids received.
no
.
liquid fuel gross
certified for tax pur¬
amounted to 856,159,039, re¬
for the
refunding,
1987—were
p.
months'
gallonage
poses
the
month
same
last year.
and
Jackson
by
K.
taxes
laws
Ripley & Co.,
.■
Bonds Not Sold—It is stated
O.
that the
and
Fox,
White
A.
pur¬
Nov. 23.
ust and
cured by a
Bidder—
Harris
Jacob F.
from Aug. 1,
1.067%.
about
of
1,
1,
Oct.
price stated
therein and to reject the remain¬
der is reserved. Accrued interest
1943, to presentation and payment
Co., of Cleve¬
DM, at a price of 101,11,
as
Jan.
for
Nov. 30—v. p. 2098—were
on
were
jointly by Calvert & Canfield, and the J. E. Piersol Bond
Co., both of Oklahoma City, on
bonds offered
Osborn, Ohio
offered
bonds
improvement
and
extension
bonds
chased
for
purposes
was
bonds.
$200,000 street
works
improvement
which, after refunds, resulted in
net earnings of $22,604,980.02.
September gross motor vehicle
fuel
gallonage
was
93,264,156,
compared with 97,612,241 in Aug¬
from
The
un¬
sell
Gross motor vehicle fuel gallon-
grade
Bond
returned
.
OKLAHOMA
year.
10
Athens, Ohio
were
Leedey, Okla.
.
amounting to $2,861,680.75, cutting
the figure to $30,996,205.89, com¬
pared
with
$39,704,552.96
last
minute
the
program
limitations.
to tax
received
lonage for the first nine months
Cincinnati,
of
that
at
awarded
opened.
with
and
not
time/because of the necessity for
clarifying the status of the bonds,
of current year were
portunities
for
vocational
and
trade schools^ and farms for re¬
turning farmers.
"North
Dakota," he declared,
"must start now in deciding what
part it will play in the post-war
rehabilitation program to aid men
from this State who will be re¬
Village
that the1 $332,000 2%
refunding bonds sched¬
uled for sale on Nov. 29—v. 158, p.
Solicitor,
&
225.87 after refund allowances.
in
any one tender at the
per annum
100.78
Co._—
&
Sutherland
Ryan,
Solon, Ohio
Offering Canceled —It is
Bond
stated by Ralph W. Jones,
school; development of a broad
irrigation program; expanded op¬
15,
(EWT). The right to ac¬
reject any or all tenders
and, unless otherwise
stipulated in said tender, the right
to
Fox, Reusch
lV2s:
1942.
the semi¬
Legality to
100.13
100.11
For
•
Dakota
ernor
finance
to
of
address during
annual
the
bonds
program.
an
North
coupon
bonds of each issue and the
par¬
ticular numbers of the road and
at
Fahey, Clark & Co.
for the first nine months this year
Post-War Highway Reconstruc¬
sale
received
Ossining (P. O. Ossining), N. Y.
were
Bond
bridge refunding bonds
dated Aug, 1, 1940 and due
Aug.
1, 1975; 21/2-31/2% fully registered
cept
partment of Public Works.
1972,
M.
projects, ten of which
have been prepared by City En¬ bonds of each issue which shall
gineer Frank Gurney and ap¬ be' understood and agreed to be
for consideration
July
100.13
White & Co
A.
J.
western
and
aggregate
In recent years the
erated
dated
level.
a
approved by Peck, Shaffer &
Williams, of Cincinnati.
100.19
Bosworth & Co
East Cleveland, Ohio
following issues of
bonds:
Rate Bid
•
tained at such
IV44:
Braun,
;■
sealed tenders in his office
Raleigh until
Dec.
cost
$36,000.
tenders received
Nov. 26 of the
on
an¬
Dated Dec.
coupons.
Only $2,000 remains to be paid
road and bridge interest
on the viaduct
funding
indebtedness, and
bonds dated Aug. 1, 1940 and due
the city will pay
$1,000 in 1944
and the balance in 1946.
Aug. 1, 1955.
The via¬
duct
Dorothy
—
of 100.43, a
said
$250,000, has county
$45,000.
that all
nounces
in
Chemical Bank & Trust Co., New
on
Rejected
the
Johnson, State Treasurer, will
a
Tenders
Mitchell, County Accountant,
date called, on
negotiable form,
accompanied by all July 1, 1944
on
Bidder—
For
three years debt service payments
after which reserve must be main¬
be
highest bids received:
recorded thereon.
as
said bonds will be made
presentation
re¬
deemed in 1946.
With
re¬
Bond Call—It is stated by H. V.
Corbett,
Town
Treasurer, that
outstanding refunding street and
sidewalk bonds, Nos. 11 to 37, 42
to 47, 51 to 53, 55 to 94, 96 to 124,
130, 131 and 133 to 139 to the
amount of $114,000, are called for
payment on Jan. 1, 1944.
Dated Jan. 1, 1937.
Due Jan. 1,
1972.
Payment of the principal
outstanding, with
scheduled to be
one
districts
Mebane, N. C.
to
total
sanitary
funding at sundry prices.
bonded
only amount of
amounts
owners
Transylvania County (P. O. Bre¬
vard), N. C.
In
with the call for tenders
the next
Ohio
ville), n. C.
chase the certificates and in such
bid will be returned.
tered
amendment
bonds, Curtis
is 18 months. The City has a spe¬ Bynum, Secretary Sinking Fund
cial charter, Chapter 530, Laws of Commission, reports that the fol¬
1916, as amended.
In the event lowing bonds were purchased by
that prior to the delivery of the their respective sinking funds:
certificates the income received $80,000 Buncombe County refund¬
ing at 75.74.
by private holders from certifi¬
cates of the same type and char¬
165,000 City of Asheville general
refunding at 75.33.
acter shall be taxable by the terms
14,000 Asheville Local Tax School
of any Federal income tax law,
District refunding at 61.39.
the succesful bidder may, at his
able usefulness of
Coupon bonds must
be accompanied by all unmatured
coupons.
Payment of registered
bonds will be made only to regis¬
the
Buncombe
arising from
pursuant to the
conditions,
war
Washington,
1.
expenditures
pay
of
Bank
^delivered
on
accepted.
accepted
or before
for payment.
J. S.
1,
1944, interest funding bonds Nos.
141 to 278, issued July
1, 1935,
maturing July 1, 1950, optional.
count of
presented
North Dakota
on
so
tenders
22, at the office of the Local
Washing¬
Bond Call—It is stated by
call
be
Dec.
the
of
purchased as IV4S, at a price
100.575, a basis of about 1.13%.
The following is a partial list of
was
of
Government Commission, Raleigh,
terest
Benner, County Accountant, that
the county will exercise its option
and
of the tenders
Bonds
interest
CAROLINA
NORTH
Trust
tions of the City payable
bonds
provided will' be
amount of the
face
the
on
must
$1,161,515, which
represented an increase of 7.7%.
After the month's requirement of
terest
land
paid
totaled
terest
hereinafter
as
Monday, December 6, 1943
are
reserve
until the
sufficient
to
re¬
cover
of
Portland, will be furnished. En¬
close
a
certified check for $1,000.
}
Volume
158
Number
4235
THE COMMERCIAL & FINANCIAL
CHRONICLE
PENNSYLVANIA
ties
<
cease
discussed recently
was
Heights,
An
given
which
Harrisburg.
Addresses
were
by William S. Livengood,
Jr., Secretary of Internal Affairs,
—When the former borough of
and
Representative
El wood
J,
Juniata became a part of the city
of Altoona by annexation in 1929 Turner, Delaware, suggesting par¬
there was a bond issue of $52,000 ticipation by local units of gov¬
ernment in post-war plans.
which became the obligation of
Livengood said that counties,
the city. In 1940, $12,000 worth of
third-class
cities, boroughs and
the
bonds were called and the
second-class
townships
have
a
holders were paid off, leaving a,
balance of $40,000. They mature borrowing capacity of $566,184,923
as a reservoir of credit for
public
in 1944, but the city sinking fund
improvements. He urged local of¬
commission, with the approval of
ficials to undertake post-war plan¬
City council, called them this year.
ning at once.
:
Thi$ action was taken a number
Altoona,
Pa.
of
Philadelphia,
Gity Controller Ward B. Morrison
of
Finance
Guy S.
Tippery revealed recently that the
holders of $32,000 worth of this
remainder have presented them
Clerk of
seen—Lackawanna's county com¬
missioners probably will have to
refinance
$380,000
a
bond
RHODE
Warwick (P.
redemption
which
issue
West
the
a
"Tribune"
Nov.
on
fall due next year but the cash in
the sinking fund will not be suffi¬
cient
to
one-half
cover;;
amount due..
:•
As
;;;'
.
the
result
a
officers
believe
of
\
fiscal agent of the City.
Bonds registered as to principal
or as to. both
principal and
the
most
feasible plan of meeting the finan¬
cial problem will be to issue an¬
other bloc of securities to obtain
funds to redeem the $380,000 sana¬
torium issue with the expectancy-
of/getting
lower rate of interest
a
the new
on
issue
interest rate
now
than
the
41/2%
obtaining.
*
The
sanatorium
bonds
due
are
July 1 and
one month later, Aug.
1; 1944, an issue of county road
bonds 'Totaling$100,000
bearing
4%
interest fall due with
of
group
serial
third
refunding bonds
becoming
due
totaling
$20,000
Nov. 1, 1941.
.
a
-:y/.-/y
■
i
-
It has
been tentatively decided
off .the $100,000 issue and
the.$20,000 from ^sinking fund
money/and borrow the $380,000
"
to
pay
to pay off the
The
hospital obligations.
$100,000 issue was floated 30
years ago next August andthe
$20,000 in serial bonds represent
fiart of a loan made Nov, 1, 1940.
After, payments from the sink¬
/
ing
fund
next
pated that
balance of
year
there
it,is
will
antici¬
remain
a
more than $100,000 to
interest charges and to meet
cover
interest must be accompanied by
appropriate instruments of assign¬
redemption demands of the fol¬
lowing year.: At the beginning. of
this year the total bonded debt, of
the county was $1,296,000.00.
—
A further reduc¬
tion of $57,000' in 1944 will cut the
city's' outstanding public debt to
$294,000 at the end of the year
and
will
crease
huge
Pa.
is
a
tax increase
inevitable and, that
nancing
if
refi¬
some
Pittsburgh "Post Gazette"
bring the over-all de¬
for the past 13 years to the
Despite the fact that the total
of $23,666,011 are
under the current year
and
revenues
anticipated
Practically all of
expenditures,
the city's troubles are laid at the
door of a
tax
base which
has
shrunk $211,000,000 since 1936.
'
The
remedy, the Mayor pointed
out, 'will call for one or more
of action.
courses
increase
the
One would be
current
millages
of 22.5
on
ings
sufficient amount and
a
other
land and 11.25
refinancing.
improbable
to
cut
A
his estimates.
to
$830,000,
-
of
-
which
amount
$727,000 was in general bonds of
the city and bonds of the war de¬
partment,
and
sewer
and
$103,000 in street
improvement bonds.
He will co-operate
.
Federal Housing Projects
Triple
Tax Yield on
six
Area—Pittsburgh's
housing projects are providing
city and county governments
and the
Board of Education
income that
with
is
triple the
revenues formerly derived
through
taxes
from
the
/properties
on
which the projects are
located, the
Housing Authority of the City of
Pittsburgh revealed recently. I y
The
Authority's statistics
total
$149,856 annually,
the total anticipated tax
from
the
the
five
projects
whereas
revenues
properties,
were
only $49,746.
With bond redemptions made this
The
payments
the" debt has been cut to
$351,000 and another cut of $57,000 next year will bring it down
to $294,000 at the end of 1944.
While making this reduction in
the principal of the public debt,
the city paid an amount almost
equally as large in interest, state
tax, and charges on the outstand¬
ing bonds.
follows:
City,
$34,144;
Board
year,
006,526.
before
erected,
'
aire
was
.«•
divided
$63,095;
df
-
poses"
The
taxes
when
Pennsylvania (State of)
as
Authority already has col¬
a total of
$261,081 in back
from
in
the
over
the
project
sites
to the three
and
taxing
following amounts:
1943
and
interest of
bonds
all
as
full faith
this
A total of
gheny
or,
Fund
is to- be invested
in
States Government secur¬
in other
obligations of the
United
ities
or
South Carolina
achieved this by
are
Dwellings
and
legislature
Arlington
Mayor
Board
right angle from
L.
admitted
the
In
Cummings
that
he
and
be
may
used
of
to
the
also
March,
and $3,300,000 from
the surplus at the close of the fis¬
cal year
r
ending last June 30.
SOUTH
*
Yankton, S. D.
Bond
Sale
semi-ann.
The
—
airport,
$25,000 2%
Series
1943
bonds offered for sale
Nov. 24
on
—v.
158, p. 1987— were sold at
par,'divided as follows? $13,000 to
not
be
and
and
as
proposal indicated that it
least
to
interested
in
plan for such
was
finding
a
.at
way
Mayor Cummings said that he
developing the plan and as
was
soon as
he had details worked out
and
a
in
applicable
form, he would offer the plan to
the city government and the
pow¬
board
er
of
the first major
as
post-war
The
on
entire
his
plan
has
been
TEXAS
.
(P.
•
Morton),
T exas
Refunding Situation Re¬
viewed—"Because of importance
the
subject
and
interest
evi¬
denced in it" at the
open meeting
Municipal Securities Com¬
mittee of the Investment Bankers
of the
Association
the
during the
latter's
York
convention
course
in
of
New
City early in November,
a
summary of a report on the Coch¬
ran
County, Texas, bond redemp¬
might
municipal
ari& reached the
as
following
con¬
result of the decision
a
purposes:
1. Courthouse and jail,
2. Homes
or schools for
depen¬
dent and delinquent
boys and
girls,
3.
County
farms,
houses
poor
and
4. Bridge
construction,
5.
Maintenance of public roads.
"The bonds which may
possibly
be affected are the
special road
and
road
district
issues
which
were
ad
Bond
it
original voted issues for the
/V
O.
necessary
to de¬
not
or
attorneys of Dallas, studied
affected
understood that it is
County
whether
possibly be affected
my proposal and does not commit
Cochran
felt
was
under a strained construction of
the law and have rendered
opin¬
ions expressing these views.
They^
considered that the bonds
directly
solely
anyone." ,//■.
it
clusion that other classes of
county
bonds might
initiative thus far "and
own
it should be
Supreme
shock to dealers
a
studying the decision
the matter
piece
here.
development
the
municipal bond attor¬
that
bond
are
and
concrete
of
possibly affect any other bonds.
W. P. Dumas and John D.
McCall,
both nationally known
to
project.
a
such
many
termine
$15,000,000 have been issued.
sum¬
v
decision
was
neys
after
Continuing, the
says:
"The
only
large question
the
well
considered."
be
whether
the
Nashville
Power
Board would agree to issue reve¬
nue bonds for
building purposes,
but consideration of the current
plans
in
worth while when the
to
the
bondholders
which may be derived
from it are
$20,000,000 in
issued,
bonds
benefits
determined at the present time.
Under the Nashville electric
pow¬
er
bond ordinance,
of
DAKOTA
could
that
being made to file suit
quire time, but certainly it should
fi¬
build¬
Court
reached
a
the
serially
summary
points out, "the litigation will re¬
mary
There is
stated
and, the
The legality of this is to be
studied, the Mayor said, and how
"ong it would be before a decision
be
"contract
a
another issue of
Federal Court
ing.
may
Tom
refund
mature
on
power reve¬
Donds
on
would
addition, it is said
are
Nashville Power
bond attorneys in
construction
be
county
specifically
bonds,
the
bonds
nance
of
without option of prior
payment."
Thomas
visited
efforts
issue of courthouse
bonds, the
original issue of which was sold
audito¬
the tower.
appropriating for
this purpose
$3,500,000 out of the
General. Fund surplus
existing at
the time of the bill's enactment
supported by
valorem
refund
the
unlimited
an
tax, bonds issued to
original voted issues
above specified, and certain
nqnvoted county bonds authorized
by
a
special act of the Legislature,,
The question of the decision af¬
fecting
bonds
these
cannot
other
be
classes
settled
of
without
direct test cases, and it is antici¬
pated that test
cases
be
an
brought at
will probably,
early date on a
number of these issues.
"A notice to bidders
Yankton, and $12,000 to the Amer¬
tion matter is
being sent to all of
the members of the IB
A, accord¬
ican
Yankton.
ing to an announcement by Dud¬
Aug. 2, 1943. Due on Aug.
$1,000 in 1955, and
ley Smith, Municipal Secretary of
the IBA.
The report itself was
notice may
which may
presented at the open meeting by
P. B. Garrett, of Garrett &
Co.,
Dallas, who explained that the
issues being tested in the courts.
The date for receiving the El Paso
analysis
what
the First Dakota National Bank of
State
Dated
1
as
Bank
of
follows:
$6,000 in 1956 to 1959.
TENNESSEE
/
Chattanooga, Tenn.
was
that of the Municipal
Securities Committee of the Texas
cently
been
County.
It
issued
by
has
El
re¬
PaSo
is quite possible/the
bring about a contract
result in the various
County bids is Nov. 23, 1943, and
will happen remains to be?!*
seen." (Editor's Note: The
Redemption Notice—It is
county
Group of the IBA and said that rejected the two
bids submitted
by Mayor E. D. Bass that he
was
presenting it at the re¬ pursuant to the
the city has elected to redeem on
offering; only one
quest of W. E. Knickerbocker, of the offers was
Jan. 1, 1944, Electric Power Rev¬
made for the to¬
chairman of the group's commit¬
tal of -$1*786,000
refunding bonds
enue, Series A, bonds in the prin¬
tee, who was unable to attend the that were
cipal amount of $6,040,000, dated
offered.)
meeting. (Further below, we give
By way of background, it should
July 1, 1939, bearing interest at
the views of B. V. Christie &
Co., be noted that the Texas Supreme
2%% and 21/2%, numbered A-7161
Houston, Texas,
regarding
the Court ruled on June
to
16, 1943, that
A-13200, both inclusive, in the situation.)
/',.;■
/
Cochran County, Texas, had the
denomination of $1,000 each and
After reciting a brief
right to call for redemption in ad¬
history of
maturing July 1 as follows: $530,of the case "for the benefit of vance of
000
in
maturity certain of its
1960, $540,000 in 1961,
Bond
stated
..
$560,000 in 1962, $570,000 in 1963,
$590,000 in 1964, $610,000 in 1965,
$630,000 in 1966, $650,000 in 1967
$670,000 in 1968, and $690,000 in
1969.
Said
bonds
be
must
for
payment
at
Trust Co., of New
presented
the
Guaranty
York, or at the
Hamilton National Bank of Chat¬
tanooga, with Jan. 1, 1944, and all
subsequent coupons attached.
Elizabethton, Tenn.
Bond
Call
—
R.
and
B.
Moreland.
Treasurer,
re¬
ports that the .4%% water revenue
bonds
Nos.125 to 136,
maturing
July 1, 1952, and 137 to 142, ma¬
turing July 1, 1953, are called for
payment
on
Jan.
1,
called.
units.
and
they can be called. Pend¬
ing maturity of these
obligations,
and accrued interest.
lieve unemployment when hostili¬
Recom¬
of a vertical
Dase
General
they mature
City,
$146,732.88; county, $42,570.22; Board of Education, $71,-
mended—A Statewise plan to re¬
Plans
stretching backward like the which
and the Gover¬
signed a bill appropriating
$6,800,000
as
a
"Funded
Debt
Sinking Fund" to pay principal
Education,
4,463 low-rent family
provided in Bedford
Dwellings, Terrace Village, Alle¬
Work
was
pur¬
the
778.70.
Fost-War
debt
practical
all
nor
City Recorder
turned it
bodies
funded
"for
Assembly enacted
county
$52,616.
lected
This
abolished
be
below
expenses
of $536,000.
;
-n'••
:
1,1932, the outstanding showed that payments in lieu of
public debt of the city amounted taxes from the six projects now
sum
Jeff B. Bates.
and
would
end, but holds its possibil¬
ity unlikely.
v
Ty y
total
General
no
an¬
third
alternative
operating
build¬
on
to this
a
practical
Funded
South Carolina's
general funded
debt last Dec. 31 amounted
to $6,-
$138,775
setup, the Mayor stresses that at
least $1,673,761 will be needed to
bridge the gap between antici¬
On Jan.
-
er
last
y
of his requests
to
all
The
of Nov. 25.
pated
"for
State.
financial
the
—
has
purposes
well will be necessary,
as
problems, Mayor
Scully yesterday submitted his
new
budget to council, according
to
(State of)
Debt," according to State Treasur¬
city is to meet its serious
the
1944
CAROLINA
when
the
City, Pa.
City Debt Greatly Reduced in
Recent Years
;;
Refinancing Seen Neces¬
By Mayor — In a message
which warned that
•
Oil
'
Some
sary
of
1.71%.
Reports Absence of
Funded Debt
South
Carolina
credit
Pittsburgh,
price
a
about
Carolina
General
Bank,
alone
■; '■,
county's fiscal
that
Philadlephia
ment executed in-blank.
of
Treasurer
cou¬
for
National
paying
basis
a
Dec.
SOUTH
attached must be presented
redemption and payment to
the
13/4S,
1, 1943.
Due $10,000
from Dec. 1, 1954 to 1958
incl.
and accrued in¬
par
the
'
yesterday it was revealed that a
total of $500,000 in county bonds
at
by
rium
tremendous
a
would
Dated
pons:
23, which
continued in part as follows:
At the county controller's office
Co., as
100.45,
;
Bonds with all unmatured
of building the
Sanitarium, ac¬
report in the Scran-
cost
Mountain
cording to
fon
deemable
158, p. 2203—
Halsey, Stuart &
awarded To
years
\
with
nues
were
$50,000 refund¬
Nov. 30—v.
on
South
'
ing,
the
County, Texas, to
an
New York this past week to ascer¬
tain whether electric
and accrued in-,
.
expiration of 20
Green
members of
Apponaug), R. /.
contesting
learned last night.
A part of the titanic structure
would be a towering office build¬
ing Series 1943 bonds offered for
terest at the expiration of 20 years
from date.
y ■
■
1
securities
issued 20 years ago to
were
defray
of the
par
oC
immediately after the
well under way, it was
are
yesterday
ISLAND
tion was recommended."
Mentioir
is made of the suit
recently filed
be built
sale
Felton,
$2,156,000 being the outstanding
balance of $8,000,000, dated Feb.
1, 1924, due Feb. 1, 1974, and re¬
due next year for lack of funds in
the county's sinking fund to cover
the
at
terest at the
in the
13%,; of
projects represent about
33,816 families found in 1939
to be living in substandard
dwell¬
ings.
of
from date.
residing
directly affected by the decision
and, therefore, additional litiga¬
municipal
auditorium, to cost $1,500,000 and
the
Council, reports that the
deemable
ton) Pa.
[
Possible Debt Refinancing Fore¬
now
2307
we
quote in part as follows:
Plans for a 7,500-seat
1:0
Families
$4,000,000, dated Feb.
1, 1924, due. Feb. 1, 1974, and re¬
Lackawanna County (P. O. Scran-
used
tion.
bonds are called for
payment on Feb. 1, 1944:
$690,200 being the outstanding
balance
be
war,
Bond Sale—The
W.
not
may
permanent, is still under construc¬
following
and have received their money.
or
Glen-Hazel Heights project. The
Broadhead Manor
project, to be
Pa.
Call—William
Bond
Director
may
which
after the war, are
provided in the
....
of months ago and the records
and
permanent projects.
additional
999 living
units,
at
'
Juniata Bonds Largely Redeemed
all
1,
1936.
Interest
1944,. at
par
Dated July
ceases
on
date
"
Nashville, Tenn.
Large City Auditorium Planned
—The Nashville "Tennesseean"
0:
Nov.
21
carried
an
article
from
bondholders and dealers who
not familiar with
it," the
are
summary
states that while certain members
of the Texas
decision
of
Group accepted the
the Texas Supreme
outstanding bonds, notwithstand¬
ing the fact that no such option
contained in the bonds at the
of issue.
The court ruled
that the statute pursuant to which
was
time
refunding contracts
the bonds had been issued
permit¬
ted the county to exercise the re¬
with counties which they "consid¬
ered advisable," there
are, how¬
demption option and, as a conse¬
quence, the State Attorney Gen¬
Court
as
final and have proceeded
to effect such
ever,
"a
large
number
Dealers who continue
of Texas
aggressively
with their plans to exhaust
every
possible legal avenue to overcome
the damaging effects of the Cochr
ran County decision."
These deal¬
ers, the summary says, have rec¬
ommended
against
bonds
accordance
"in
surrender
with
of
the
call" in the belief that during the
"next year" decisions will be ren¬
dered
on
many questions raised
by the Cochran County decision,
"which, in our opinion, have not
yet been settled."
The
summary
that there
to be
are
then
many
settled, "even
observes
questions still
on the bonds
eral
was
directed to approve the
refunding bonds proposed
issued by the
county.
to be
The effect
of the
decision, naturally, was not
exclusively to Cochran
County, but was also applicable to
confined
the various other counties
State
that
in
having
were
bonds
issued under the statute
question.
court
in the
outstanding
ruling,
As
a
a
result
of
considerable
the
num¬
ber of other counties have issued
calls for redemption of various
bonds coming within the orbit of
the decision.
,
B.
it
V.
**
Christie Issues Statement
In connection with the
subject,
should also be noted that the
municipal
Christie
bond
of
house
V.
B.
Co., Houston, Texas,
has issued
a
pamphlet entitled
"The Cochran County, Texas, De¬
cision—Its Cause and Effect." Ac¬
cording
held
bonds
limited tax
matter of
state
only
jail,
county
certain
that
the
house,
bond
the
to
"court
a
original voted courthouse,
and bridge, juvenile
road
home and poor house bonds, and
that the total amount of bonds of
the Class which are held to be re¬
deemable under this decision rep¬
of all
1%
approximately
resent
municipal bonds now out¬
standing."
The pamphlet, dated
Texas
Aug.
17,
states
further
last,
as
Seguin),
recent elec¬
said to have
Bonds Voted—At a
the
tion
voters
are
approved by a wide margin the
issuance of $100,006 not to exceed
6% road bonds.
Harlingen, Texas
reported that
Bonds Sold—It is
$294,800 3%% semi-ann. refund¬
ing, Series 2 of 1943 bonds were
purchased recently by the Ranson-Davidson
Co.
of' Wichita.
Dated Oct. 1, 1943.
Legality ap¬
John
by
proved
Denomination
1945.
Texas
optional as
are
law," and goes on to
the decision "covers
that
-
Guadalupe County (P. O.
&
of
McCall
D.
multiples of 14
and
interest
ered for less than par and
accrued
All bids must be
interest.
uncon¬
ditional.
Principal and interest
payable at the City Treasurer's of¬
fice.
The
of
Wood, Hoffman, King & Dawson,
of New York, will be furnished.
approving opinion
In "the event that prior to
the de¬
livery of the bonds the income
ceived
private
by
holders
(State of)
Liquor Board Reports Peak In¬
come—The Texas Liquor Control
Texas
re¬
from
bonds of the
same
acter
Dallas.
ALBERTA
shall
be
terms
of any Federal income
type and char¬
taxable
the
by
tax
law, the successful bidder may, at
his election, be relieved of his ob¬
(Province of)
Alberta
,
Interest Payment Notice
holders of debentures of
ince
matured
which
—
The
the Prov¬
June 1,
on
being advised that the
will
pay
interest
to
1938, are
Province
holders at the rate of 2%, in "re¬
spect of the half-year ending Dec.
1, 1943, and holders of bonds
which matured June 1,1939 will
be paid interest at the rate
of
2i/2% in respect of the half-year
1943.. Payments
presentation of
for notation thereon of
1,
Dec.
ending
will be made upon
debentures
payment of interest at any
of the Imperial Bank of
such
branch
Board, in its review for Septem¬ ligation under the contract to pur¬
chase the bonds and in such case Canada, in the Dominion of Can¬
recently ber, reports an all-time high in¬
ada. - In the case of the June 1,
the deposit accompany his bid will
come of $11,030,050 collected dur¬
been
security
1938 bonds, payment will also be
Enclose a certified
ing the fiscal year ended Aug. 31, be returned.
dealers in the State to the effect
made at the Lloyds Bank, Ltd.,
1943, compared with $9,686,820 for check for 2% of the amount of
that this decision may make re¬
bonds bid for, payable to the City London, England.
deemable
unlimited, tax special 1942, an increase of $1,343,230.
follows:
publicity has
given by certain
"Some
.
road
of
bonds
•
and road
counties
bonds is¬
original county
bonds covered by the decision. We
do not know the purpose behind
and refunding
districts
refund
to
sued
publicity but the effect is to
raise a serious question as to the
market value of these bonds with
the result that those who sell such
this
bonds
.Our
will be forced to sell
now
their
below
them
attorneys
their
opinion,
normal
value.
that, in
refunding
advise
such
special
road bonds issued under the gen¬
eral laws are not redeemable un¬
der the terms of this statute and
we
understand that this opinion
who have studied the
question. We, therefore, strongly
urge the present holders of these
bonds not
to sell them at de¬
attorneys
pressed prices brought about' by
any representation that they may
be redeemable under the recent
"Anticipating that the Supreme
Court would hold that the
bonds
mentioned in the Cochran County
interests
bondholders'
the
that
believing
and
optional
are
case
better
protected if re¬
funding contracts were entered
into prior to the court decision,
we
attempted to secure contracts
could
with
be
counties
all
which
this
had
We
class.
in
the
were
State
bonds of
outstanding
successful in
part and because of the contracts
which
these
hold
we
counties,
prevent*
holders
with
we
able to
losses by
minimize
or
of
several
are
of these
particular bonds
redemption. Our
method of accomplishing this pur¬
pose is as follows: Any holder of
when
called
bonds
,
of
for
counties
under
contract
with us, who
purchased his bonds
*prior to the Supreme Court deci¬
sion (June 16, 1943) and who paid
a premium therefor in
excess of
176
there were
convictions in dry territory
August
during
in wet areas
34
and
for violating the
liquor laws, with fines of $28,602
and 4,233 and 209 complaints filed
during the month.
stills
illicit
Six
found,
were
making the year's total 74, with
four gallons of liquor and 330 galion's of mash
captured.
Treasurer.
Virginia (State of)
Four Cities Benefit From Liquor
Sale
Profits—Four
State,* Richmond,
and
Va.
election
on
an
an
16 the voters
$40,000 2%%. sewer
issue of
sys¬
bonds, to mature in 1967, op¬
tem
tional
1957.
O. Leesburg)
Loudoun County (P.
V a.
Ap¬
proved—The County School Board
held
special meeting on Nov. 22,
adopted a lengthy
a
will
—
showed
for Rich-t
$433,640
mond, $292,397 for Norfolk, $146,374 for Roanoke and $102,802 for
individual amounts for the
arrived at by using
was
the
State per capita amount of
$2,025,867, multiplied by the 1940
census
figure for the population
of each locality.
The law provides that the State
General
1942
Assembly of Virginia authorized
any county school board with the
consent of the county board of su¬
pervisors to issue bonds to pay at
any time any outstanding loans
made
to them
by the Literary
Fund of Virginia, if such bond is¬
sue be first approved by a major¬
ity of the voters voting in any
The
School
County
of
Loudoun
the
Literary
Board
will
owe
$107,940 on March 1, 1944.
obligations bear 3% inter¬
and are due serially each year
These
until June
It
is
The $1 (includes "all ex¬
penditures for preparation and
delivery of the bonds, advertising
Loans.
15, 1967.
.
.
,
.
a
basis
ization
Mr,
sued
as
result of
a
some
attributed
published
Prime
to
which
discussions
of
as
are
refunding plan.
the present
expected the creditors will
be asked to agree to a refinancing
It is
based
serial debentures cover¬
on
ing 25 or 30 years without any
change
in the present interest
rates/The preesent plan binds
municipality to 1975, requir¬
the
ing it to pay into a sinking fund
minimum of $160,000 annually.
a
Municipal officials estimate that
by 1975 the city will still owe the
approximately $11 mil¬
creditors
lions.
Principal criticism of the pres¬
plan is that the municipality
ent
has not levied for debt retirement
the
used
has
but
of
proceeds
a
liquidation of assets for the retire¬
of
ment
drying
debt.
in
crease
are
is
municipality
with
prospects of an¬
an alarming in¬
mill rate at an early
default
other
assets
the
As
the
up,
confronted
or
future date.
publicity, salesmen's commis¬
sions and all payments to finan¬
institutions, organ¬
expenses, etc."
Ilsley's statement was is¬
,i
>
expected to lead the municipality
into negotiations with the credi¬
tors for a consent plan to replace
<
QUEBEC
Montreal, Que.
Refinancing
Plan
Opposition
Grows
The Montreal "Gazette"
—
of Nov. 29
reported in part as fol¬
in
negotia¬
lows oil the latest development
tions
Australia
city's debt position:
406 and the localities at
ing
Canada
and
—
contend¬
refinancing
lengthy
surrounded the
have
which
WASHINGTON
Seattle, Wash.
Bond Call
H. L. Collier, City
—
munici¬
that
reports
pal transportation system revenue
bonds Nos.-8,401 to 9,000, both in¬
clusive, dated Jan. 1, 1943, issued
under ordinance No. 72,440, are
called for payment on Jan. 1, 1944,
order
inverse
in
of
number,
as
provided in said bonds, and pay¬
ment
be
will
said date at
of
1%,
made
and
on
plus
par,
a
after
premium
presentation at the
upon
higher
Opposition to the report of the
than those in the Commonwealth.
$5,424,812.
the
fiscal
New
agency
York
of the State
in
executive* committee recommend¬
Mr. Curtin was quoted as say¬
ing Canada used during loan pe¬
riods 18,000 to 20.000 commission¬
ing the adoption of a special proj¬
ect for the refinancing of the City
of Montreal debt formed Saturday
ed bond salesmen drawn from real
at the
life insurance, financial
and trust companies and the stock
exchange.
In his statement today Mr. Ilsley
said persons from investment and
brokerage firms employed in the
Fifth
Victory Loan drive num¬
councillors preparing a
Canada's
bered
who
Committee
will
receive
were
2,000," and that
paid a com¬
were
mission numbered about 15,000.
Bills
Treasury
of
Sold—An
issue
$55,000,000 Treasury bills was
on
Dec.
2
at
0.41%
interest.
1943 and due March
;
3, 1944.
Bonds—It is announced by Secre¬
Finance
than
"less
salesmen
Dated Dec. 3,
Washington (State of)
Offering of State and Municipal
costs
estate,
sold
City.
tary Ernest Minor that the State
proposed to issue $107,000
*
and
cial firms and
on
Such estimates will be used
paring the cost of issuing loans in
Fund
est
bonds
office of the City Treasurer, or at
election.
average
an
for each $100 worth of
sold
in all
five Victory
of about $1
sions,
before the cities, towns
and counties begin to share. The
State's share is figured at $5,212,-
Treasurer,
the
and
last spring,
Loan
Victory
committee
special
the
relating to a proposed
bond. issue.
The fol¬
lowing digest covers the essential
of
with about
Fourth
the
refi¬
in¬
cludes representatives of interest¬
ed municipal boards and commis¬
A
nancing to prepare the budget
Minister Curtin of Australia, com¬
refunding
act
for
cents
ates.
statements
resolution
An
issued.
This figure compares
Windsor's refunded«municipal debt now stand¬
ing at approximately $25,000,000.
was seen as Mayor Arthur J. Reaume called for early preparation
of 1944 municipal budget estim¬
shall receive the first $2,500,000 of
at which time it
information.
tory Loan bonds will not exceed
87 cents for each $100 of the loan
90
profits
Proposal
Refunding
Norfolk,
Portsmouth
Figures just announced for the
cities
localities
authorized
Bonds Voted—At
Nov.
the
ended June 30.
The
Dublin,
in
cities
Roa¬
get
$100,000 or more from the $10,637,219 net profits realized by the
State Alcoholic Beverage Control
System during the fiscal year
noke
of)
Victory Loan Selling Cost Seen
Very Low—It was stated by Fi¬
nance
Finister Ilsley on Nov. 23
that he has very good expectations
that the cost of selling Fifth Vic¬
Canada (Dominion
Portsmouth.
VIRGINIA
Bond
Court,.
decision of the Supreme
the preced¬
of $162,817 over
ing year.
Attaches of the board said that
by other municipal bond
held
is
tax
during
sold
beverages
brought $207,447, an in¬
the year
crease
us
unlimited
and
bonds
Alcoholic
directed
efforts
in
vigor
toward refinancing
for all of
same
No bid will be consid¬
the bonds.
newed
CANADA
in
be
to
one-tenth of 1%
or
the
be
must
Due July 1,
$5,000.
of
Rate
Monday, December 6, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2308
MANITOBA
St.
Boniface
and
School
District
hold
City Hall with a number of
petition to
council meeting in the near
a
future
whole
"the
discuss
to
re¬
financing picture."
months
After
of
and
study
wrangling the executive commit¬
tee adopted a plan prepared upon
its instructions by Director of Fi¬
nance Lactance Roberge last Fri¬
day: The move ousted the project
of the F. S. Moseley Company of
Boston and New
York, which had
sponsored by Committeeman
Georges Guevremont.
Since the Director of Services,
the legal department officers and
other city oficials are now pre¬
paring the by-law submitting the
been
project to council within the next
No. 1188, Manitoba
refunding bonds not to sealed bids on Dec. 9, at 10 a.m.*
two weeks with the date Dec. 9
crued on his bonds from the date
Flans Refunding — Holders of
exceed 2% interest, such bonds to
for
the
purchase
of $5,453,000
given as a probability, the adop¬
of his purchase to the date of
be due serially each year until
debentures are being notified that
general obligation State and mun¬
tion, amendment, or tabling for
Order No. 83/43 of the Municipal
call, shall be permitted to ex¬ March 1, 1964.
icipal bonds.
further study of the
by-law itself
and
The proposal has the approval
Public
change his original bonds for a
Utility
Board,
by would be the
Details of the bonds and terms
only business to
like principal samount of refund¬
which a plan of refunding of the
of the County School Board and of sale
may be had upon request
come before the city council.
debenture debts of both authori¬
ing bonds on the basis of par for of the County Board of Super¬ to the above
A number of city councillors,
Secretary.
ties
is
visors.
par or, at our option, shall be- paid
It is expected that
provided, has been ap¬ most of them known
the
supporters
Whatcom County (P. O. 1Sellinga cash sum equal to the excess of
proved by the necessary percen¬ of the
judge of the circuit court will
Moseley plan, declared yes¬
ham), Wash.
order a special election to be held
premium over accrued interest.
tage of the debenture holders and
terday in the caucus room at the
Bonds Defeated—It is stated by
"The refunding bonds bear in¬
some time in January.
by the Government of the Prov¬
City Hall that they were not satis¬
terest at such rates that they ob¬
It is the opinion of the school Pliny T. Snyder, County Auditor, ince of Manitoba and that the or¬
fied with the refinancing project
viously can be sold immediately authorities that these bonds could that at the election on Nov. 20, der, is now in effect.
Under the
and that further discusison of the
at premiums which, together with
be sold at this time at not over the voters rejected the proposal to plan new city debentures will re¬
issue $800,000 court house bonds.
the interest previously collected
"whole picture" was still desir¬
1.6% interest in which pase the
place all outstanding debentures,
on the original
bonds, will, in al¬ total interest saved would amount
able in council.
which are to be exchanged for i
WISCONSIN
most
all
cases,
return the full to $16,907 as compared with the
Rather than be hampered
by
new
debentures at the office of
premium to the investor. In fair¬ present arrangement. The total
Blair, Wis.
ness ' to
us
and those customers cost of the election and other
Bonds Voted—It is stated by the General Trust of Canada, on or .the agenda of the meeting the
pro¬
the
total
interest
have
who
which
expressed
has
ac¬
interest
an
in
the refunding bonds, we must
know at once what bonds are elig¬
ible
for
in
school
ceedings
$1,000.
Stilson
tained
torney
of
.
this basis
in order that the necessary amount
ters
adjustment
on
bonds may be re¬
served
for
exchange.
Eligible
holders are, therefore, urged to
send us at once a full description
of their bonds, including the num¬
refunding
bers, maturities, date of purchase
price paid.
"This effort to prevent loss of
premium paid by holders of these
Our
is
voluntary
contracts
with
do not in any sense
do
on
the
our
part.
counties
require
so."
us
to
be
approximately
held
H.
Hall
has
been
re¬
by the school board as at¬
to handle all legal mat¬
issue and to furnish
to the
an
opinion
on
legality of the bonds when
Nov.
Clerk,
until
2
will
p.m.
Hamilton,
Bonds Sold—It is stated by the
City
Clerk
that
Old deben¬
1943.
maturing after Jan. 2, 1943,
for
exchange, must have
attached for interest ma¬
2%
re¬
purchased
on
the refunding debentures are
dat¬
ed Jan. 1,
1943, and carry coupons
maturing
June
30
and
Dec,
31,
1943, which should be presented
Sept.
15,
1958.
Prin.
Jan.
15,
for
sealed
coupon
Dated
$75,000
were
Madison, Denom. $1,000. Dated
or
interest
Dec.
of
ceed
bonds.
tures
turing after June 16, 1943, because
Stoughton, Wis.
able at the
6%
after
coupons
the purchase of $350,000 not to ex¬
works
ap¬
offered
Dec. 13 for
receive
on
voters
Sept. 7 by Harley, Haydon & Co.
Newport News, Va.
City
the
count of 84 to 4.
funding bonds
Bond Offering—A. M.
15
proved the issuance of the $20,000
sewer
completion
bonds
by' a
as
sold.
bids
Village Clerk that at the election
relating to the proposed bond
and
""bonds
will
water
at
the
1, 1944. Stoughton.
1943.
Due
and int.
in
1945
(M-S)
payment Dec. 31,
ONTARIO
National Bank
in
tended to
hold
"as
as
all
Mayor
Pushes
—
the
it
by-law
is
the
plans and
of the
a
special meeting,
possible"
to
discuss
into official study
go
Moseley plan.
According to best city hall esti¬
mates of the
opposition to the
committee
about 23
or
ex¬
project there
25 councillors who
be counted
upon
to attempt
to block the necessary two-thirds
Debt
Toward
Evidence
soon
may
Windsor, Ont.
Refinancing
when
call
councillors declared that they in¬
are
to
will
submit
to
ecutive
1943.
pay¬
City Treasurer's office,
First
committee
ready
of
re¬
majority
of the
council required
to pass a financial
by-law.
@FedFRASER