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•80S.-ADM. 'tJBRAR? ^•W:, mo n da •flEC 8 r-m V.* .••-' •« • '. ys- ' V.• ■* f.,.11'" • 19*3 .;•, > r 7-- <. Reg. U. S. Pat. Office Volume General RAILROAD Adams Express Co.—Declares TW-director- Dec. on declared 2 of 60 cents INSURANCE - at Kansas City must be filed by Feb. 9 with trustee, KansasyCity. The Bank of New York, shortly will send a copy of the court's order re¬ questing the proof of claims to all stockholders.—V. 166, p. 2205. Federal transfer of record Dec. 9. This compares with on June 27, last; CO cents on Dec. 20, 1946, and 20 cents June 23, 1946.—V. 166, p. 753. to stockholders payable Dec. 23 INDUSTRIAL - Jr., Joseph agent, ceed On Dec. the 3, of dividend regular a RESULTS 12 V2 Net sale5 and Nov. declared 28 the Dividend Nov. the 28. declared directors and Jan. 2 stockholders of to addition/to In 1947, the four 1946 for current available not are liabilities due changes to in $1 $2,83 7,249.—V. were Gross Distribution, etc.— from ry. Canton Youngstown & 166, Gross from Net cn ry. 20 1946 1945 iannual -report fourteenth ♦Filnd off wx-ote Net -■ $278,327 of at assets Oct, $433,767 $282,118 150,699 36,765 131,794 104,249 74,123 14,481 63,162 4.320.247 3,450,477 1,400,936 765,387 949,890 1,350,804 income 67o,495 3l-7,o75 360,078 ttvith $20,098,013 on the same date a year earlier, "• ' 166, 3.916,118 3,673,078 • Dec. on paid declared 2 June on June on the week •p. "2206. 27, ,. the of asset value Nov. . 31, 1947, after $4.01, was ~1947 railway-, ^aliway!3-yi; Net ry,;oper,' income-" From Jan. 1— 1946 „ v . * ^1945" " 1944 4 brought from ;j\'£ y^409,73Tyyv.< 72/562lfk\v' $01,266 M : 184,513"; 635:48?* a -66,8174"^461,226 , 13(^037 I. Prankard, the of annum. the interest rate 1949, if President, 2nd, in letter to a ry. —V. oper. income.. 166, p. 1781.. may be renegotiated as of June used stated: covering 100,000 Webber, rate of 2% things, that Jackson plants and American 1,-1948", and June 1. Dec. on Co.—Registers with SEC—- shares & ($1 Curtis, reimburse to a Boston. Proceeds wi'l be used improve to treasury for funds invested in new sub&iuiary, Pulp & Paper Co., Filer City, Mich — V. 166, p. letter a Brassert & Co., A. to operation In This Issue This 2,000 vanced day each of which will produce from New York Curb more of oxygen. By the use of oxygen, ad¬ technique in the production of iron and'steel the conservative estimate of an ultimate increase of 20% in tons per or production without substantial addition to plant.—V. 166, 1781. p. Stock New York 40 manufacturing justifies steel plants, Stock Boston Aireon Manufacturing' Corp.- The .. -Gets Right to Issue Cer- Indebtedness— request, of the trustees to issue indebtedness' to1 certificates Of working capital has been approved by Federal Judge Arthur J. Mcllott, at Kansas City. In order to to have Mellott Dec. 8 " "funds authorized and " immediate the amount an for issuance not to of exceed and continued $50,000 of operations," certificates $25,000 weekly until a prior- total of $150,000 has been issued. <:. The certificates are to Detroit interest an rate not to exceed 4% . Burris, General Counsel of the RFC, said the agency would not oppose the issuance of the certificates. The company owes the RFC ; about $Tk000,Q00. , Cr^tidri,'of the company's j: :> , assets, . - new debt of $150,000 would, have a prior lien qn the .'•> To File Proof of Claims— Proof which claims of is seeking to creditors reorganize * i 'VtV- ;i':I; of V" and under section of 10 the j the of Toronto & / ! - 80 BROAD STREET Tilerthnne RAnover 2-2600 43 OveMherCounter, Markets 4--'—----.--.^—.--44 Transactions New York Stock Exchange. —-28 1 Transactions New York Curb Exchange 26 Teletvve N. Y .NY • 1-R73 > y bank a To Vote Reserve Banks Auction Sales System. 18;855,916 2,620,283 94,766,449 44,260,298 117,278,179 138,669,286 • - ; In 1947. cases will be with the names where accepted the warrants if the subscription the of holders 165, $i is the record and of dealer agree¬ or 2094r. p; in are company payment, • * •> ; , Dividend— 3 declared an extra dividend of $1 per share payable Jan. 2, 1S48 to holders of record Dec." 18, Dec. on in received 1947 four / quarterly distributions p. 2094. or ^ Co.—$6 jbiyidend^-'V-vv-'v^V'j shares the to The the shares directors record is It date for Certificates stock and the split of at the close last accounts, stock.—V. the Ann Arbor the from Net from Net ry. close is of 23 will vote from 1,000,000 proposed business of on stockholders entitled to to Dec. split 12 as vote. providing for the increase in will be made effective on the split-up will be i iv on by the to.: stockholders transfer agent to stock day the amendment and the ■}. Mining Co. owned about 70% the -r: ' Copper Anaconda distributable shares mailed business 166, p. 1350. RR.—Earnings— ' 1947 1946 1945 $698,534 167,578 $570,128 $176,072 $541,202 84,840 154,367 75,116 91,681 48,075 41/664 59,806 6,366,402 4,977,241 5,071,458 4,935,504 1,273,679 537,788 1,129,989 1,186,807 120,059 567,861 574,025 OctoberGross Dec.] stock It basis. amendment effective.: become At of value. par approval. to split the the. additional for pursuant record no determining the capital authorized of fixed that -date ?of stockholders : in two-for-one a have expected authorized the on $2.25. 19, Split Up of Shares— shares 2,000,000 issued and Dec. special meeting called for a increase proposed a on 2-for-l on railway railway—— income— oper. 5. 1944 From Jan. 1— Gross from Net railway from ry. railway^ income— oper. < 510,330 ;■ 166, p. 1782. St. Louis Listed and Unlisted Securities Edward D. Jones & Co. Statement of Federal y ; 43 ... Reserve -■ 482,921 147,502,884 161,292,010 11,341,155 108,173.039 108,015,905 3.065,409 20,473,929 28,509,656 recogn'zed investment broker or shareholders at The Redemption Calls and Sinking Fund Notices.46 The Course of Bank Clearings 45 Dividends Declared and Payable-.. —14 Foreign Exchange Rates. ^..43 Condition Statement of Member Banks of . . —V. Miscellaneous Features . 17,026,847 date or 21, 25 cents each; Net . NEW YORK 4. Bell .-.40 Toronto Stock Exchange—Curb Section Federal 1922 a 40 Exchange.-. Combined Condition Compan y Established Curb Stock Exchange Oct. General Corporation & Investment News-CoveT State and City Bond Offerings 53 v MUNICIPAL DEPARTMENT' cAllen 37 37 37 38 38 39 Stock ExchangeSt. Louis Stock Exchange.—^ San Francisco Stock Exchange.— Montreal Stock Exchange. Chandler . Municipal Bonds - Exchange Pittsburgh y M -is Stock 36 36 Exchange 443,722 26, and 36 corporation SPECIALIST IN . 35 Stock and. Bond Averages-^.-:-.—.————35 - stockholders KlJlfitlBA & i\E\V JtiKSKA ■ 35 35 ^ the directors declared a dividend of $6 per share on stock, no par value, payable Dec. 22 to holders of record Dec. 12. This compares with $3 per share paid on July 22 and Oct. 21, last, and 50 cents per share on April 21. In 1946, the following payments were made; April 22, July 22 31 Exchange. Stock Nov. V"' common 26 u Philadelphia Stock Exchange Rufus < (Bonds) Exchange Chicago Stock Exchange Cincinnati Stock Exchange Montreal carry Exchange 15 Los Angeles Stock Exchange provide Judge (Stocks) Exchange Stock Baltimore Cleveland tificates of warrants issue the Page nationally and internationally known engineers, in the application, construction oxygen that Anaconda Wire & Cable Quotations Stock Exchange New York with Air Products, Inc., of from 15, subscriptions before the of Dec. 15, or bHvectors 19471 Thfs H. before on the common stock, On will collaborate V • 61,122v ^ <. 2,457,224 36,525,346 - .50 cents-1 each.r-Vl 166, Stock and Bond C 65,693 rev.., 1946 1947—9 Mos.- : 17,087,969 147,949,606 161,774,931 American* V iscose Corp.—Extra The glad to report to you this reduction in the cost of our borrowed money because it furthers our opportunities to give you the benefit, of what we call 'income leverage.' "—V. 166, p. 1677. and 17,312,877 ing to "deliver such) warrants- promptly.—V. on Products, Inc.—Consultants Appointed— v Co.—Weekly Input— again calls attention ot the, fact that .wfirraixts for its 10-year converitble debentures must be Dec. on numbers we corporation, which manufactures oxygen plants, has announced appointment of H. A. Brassert & Co., New York City, as their con¬ sultants, wor.dwide, for the iron, steel and allied industries. and 1946 , 1947-—Month—1946 ' _— income to or on furnished 1573. any the share, per 20, ' chargeSi.^.... company transit registration statement with the SEC par) common stock. Underwriter, Paine, filed 1 very Air cents 1947, the System inputs of subsidiaries 27, Warrants Expire Dec. 15—. provides borrowed, at operating Nefci filter The or the bank3 feel that it should be changed, and that the money may be borrowed, paid off, and re¬ time in units of $1,000,000. This is a substantial improvement over our old loan, which carried interest at the rate of 2%ft per annum, and which did not provide for reborrowing. I am either further 35 This compares with Dec. on 562. p. Operating revenues--. 17,247,184 Operating expenses —- 12,632,145 Operating taxes " 2,157,815 ; American Box Board This 28. stockholders company's borrowed money is now at the The loan agreement provides, among other of Dec. 9. cents : Net $13,570,225 $11,917,534 $17,063,162 $18,592,994 2,889,219 1,533,697 5,977,786 7,366,701 1,384,482 416,892 1,381,465 1,609,514 railway.—. payment capital gain dividend of 25 cents per share on Oct. with $4.34 per share asset value a year earlier. "All 166, , v Uncollectible pper. J , Tile company H. ' .*4 $1,609,419^$1^285;253"^£1,554.382;' $1,847;578 compares per 35 Telephone & Telegraph Co.—Earnings-^ Operating revenues RR.—Earnings—^ subscription Oct. at October— iNefc, f rdhfr Net ,•</• The- year-end dividend of 35 cents per share paid on Oct. 23, dividend disbursements in 1.47 to 55 cents a share. Per-sbare dividend a last, 1946.—V. 28, ended American 1781. p. Net total :i 659,687 oper. .Gross; .from r 1945. 15, of this company amounted to 223,242,000 kwh.i an; increase of 27,088;000 kwh., ox* 13.88% over the corresponding week of 1946.—V. 166, 1— railway ;jSrd68--fjromyraUwayiM compare share per • American Power & Light For ... expense. $30.140,071,. and aggregated cents 60 $402,606 197,540 ... income Alabama Great Southern this remaining debt discount and 1947^ 31. of of -..v^ Annual Report— corporation, an, op^n^end. leverage inve:t,nent company, sponsored by Lord, Abbett & Co., Inc., thov s net income for the year ended Oct. 21, 1947, exclusive of security profits or losses, of $1,010,851, equivalent, to 20 cents per share of capital stock outstanding. This compares with a net income of $367,805, o* 19 cents per share for the preceding fiscal year, in which year the The dividend a stock, payable Dec, 15 to holders of with 20 cents paid on July 15, last, and No payments were made on this issue in Period End. Sept. 30— Affiliated Fund, Inc.—Issues declared 1 common comparts 1041. p. directors cents - —V. Dec. on This 5. on Jan. 2, 1947. distribution of 10 cents per share was made on Dec. A 166, cents 20 1944 railway..: from Net suc¬ He is also Vice-Chairman of the Swiss American payable Dec. 23 to stockholders of record RR.—Earnings- $501,224 railway railway.. oper. From January 5. to Mr. Straessle was formerly General Manager prior to that was a partner in Ferrier, 1989 pp. 1947 . qarterly distributions of 30 cents each made in President-?director a American International Corp.—35-Cent Dividend—' from Net Net President and Zurich and value par Dec. cents 10 1946. —V. current assets totaled 1349. Octobei-— Jon. 2 also paid an extra of 40 cents. This vras a total of SL60 per share for the year, the same as paid in 1946. —V. 166, p. 2093. company the on 107,4xo The a Dec. record directors The $5,375,431 the company's consolidated 1947, and Akron quarterly dividend of 40 cents share, plus an extra dividend of 50 cents per share, both payable per Sept. 30, $6,808,751 usual Aetna Life Insurance Co.—Extra On figures Comparable quarterly dividend of C2% cent j per share and an extra dividend of 50 cents per share, both payable Jan. 2 to stockholders of record Dec. 5, 1947. An extra of like amount was paid cn Jan. 2, 1947.. Total paid in the current year was $3 per share, the same as in 1946.—V. 165, p. 805. on Youngs. elected American Insulator Corp. of Del.—60-Cent Distribution 1947 accounting periods of new acquisitions. Aetna Casualty & Surety Co—50-Cent Extra directors 30, income taxes record On The SEPT. ENDED — Net profit after Federal 15, June 15 Payments of 12V2 cents each were made on March Sept. 17, 1946; none since.—V. 166, P. 1d73. MONTHS THREE FOR cents share and an extra dividend of 12 y2 cents per share on the com¬ mon stack, bath payable Jan, 2, 1948 to holders of record Dec. 15, per 1947. M. been Corp.—V. 166, p. 461. Regular Dividend Payments declared directors Robert has Luliin & Cie, Geneva. (& Subs.)—Earnings— Airline Foods Corp. Aerovox Corp.—Resumes Straessle Credit Suisse In Oi 25 cents paid on MISCELLANEOUS - American European Securities Co.—New court Miller, Harry share, per in Act 60-Cent Dividend— dividend a Copy a Corporation and Investment News PUBLIC UTILITY - Price 75 Cents York, N. ¥., Monday, December 8, 1947 New Number 4653 166 -/;¥.■■ Established 300 North 4th - ' r 46 •• ^ St., St. Louit 2, Missouri Members • "" ,"'-riNewYGrkStockBxchaitige .*• __46 1' ^ 1871 "j h St. Louis Stock Exchange v Chicago Stock Exch. Chicago Bd. of Trad§ New York Curb Exchange Associate " -dPhohi^^,; CEntral 7600 Bell Teletype SL 593 2 COMMERCIAL THE (2306) V'-V.:.; • \ Appalachian Electric Co.—Offering of Power Bonds \ , :t ; ' curities Corp. on Dec. 4 offered $28,000,000 first mortgage 1947, and due, Dec. Oqtobef— K144 " 3^214\tSS'; ? _ 2B7 9,442,603; 10,4X3,942 1,032,676 830,636 679,384 2,731,599 1,171,231 — 2,358,934, and accounting. Nptt railway Gross !■ on bid a of the issue at competitive sale. Pec. 2 Other bids for the issue were: Harriman Ripley & 100.10. the prof, than other Taxes, tax Subscriptions for the of close nate at the at bonds Transfer agreed Company, has the '4.50.% of. —V. Gregory Trust of Co. addition to the issuance PURPOSE—In net series sale of the securities now and trustee for the redemption at 110 1, 1949, of $3,335,100 Appalachian Power gold deventures, series A, due. July, 1, 2024, with the privilege of immediate prepayment; which, excluding accrued interest to July 2* 194S), will require (2) To ' if to if 5,000,000 The remaining proceeds estimated ihinimum ferred stock, estimated at $7,230,970 to the company's treasury funds. extensions, $14,197,113, at together with the These additions and improvements to The $15,000,000 CONSTRUCTION of PROGRAM—The funds will be applied to the properties of the com¬ the of cost construction to Other facilities— ■with ,its ment, initial • , ft. 3y8%; series due 1977 '.^Unlimited I series ^Unlimited * (par $100) Common stock (no par ) HISTORY March AND 4, 1926; 6,000,000 shs. lachian Power of merger, BUSINESS—Company and May 1, on & ■ Light Co. \ ' " organized was. it by into merged were ''-V The company's entire operating revenue in joint a ' Virginia, and Appa¬ in Virginia includes in Ohio, and Virginia the and Kentucky North State Tennessee ': other Carolina set the total operating July 31, 1947, revenue from sale of energy, approximately 23.% residential of are stock to BOND Corp. properties and forth each severally will be used the rights on Loeb &■ Co. and- underwritten $14,000,000 Union of the by the stock of the to be STOCK PRESENT u Percentage . .. The First Boston Corp.—!, Union Securities Corp,—.' Goldman, Sachs & 10.75 Co.— (Inc.). : . 5.50 its firm a of new & & 166, Other 5.50 W. C. Langley & Co. Lehman Brothers 5.50 Stroud & Co. 5.50 ft< Laurence M. Smith, 5.50 Stone & Webster. Securi- ties Corp— commitment stock to the purchase Scott & ;5.50 4.10 Stringfellow—,)yC 4.10 - 2.00 + . Richards Kay, 2.70 Cot. & of . the E. A. Masten & Co. Wisconsin Central Republic *£o. Staats R. . ■ \ 4 . Co;ift/vr:4\ 1 -2.7Q -;;' •!; r V "V ■ i • a ft.ftftft /ft/ft/ - . jj/ftftftft "■ ^ * & Co., '■••'" - ' ' • . ' : ' ■ ■' ../ftftv '. ••'. \ ,! -v% • !'- " , .754?''' Inc. -L 1 v).-"ft ■ • T-'v '/...ft/.' : - %: - dent who , i■*-,■< . / ft ■ / -.;ftf 'J,J: " ! ' M /virift. ;/ft4ft:.:V' 164,839 141,150 1,254,904 1,283.892 fund, debt 1,461,226 1,382.800 14.495,948 13,497,640 637,485 721,392 6,425,215 7,554,124 667,858 126,052 6,207,018 f 14,795.534 interest on ■* Co Colorado Santa & Fe Ry. ft/ft' ' ' . - ■!, 1 ilitt. (■ £■■ Mr, Dollard be a has 1782 and C42.267 "$3,861 $1,102,386 $3.47,793 $21,454 ..: 3,447 1,340 $69,246 avail, for 22,610 $472,843 457,660 450,120 income $24,026 "$16,054 $770,973 $23;723 __ W. director 1781. 166, p. Brightman, fiJl to directors President of existing vacancy an Lit on Brothers, lias been elected the board.—V. 165, p. 3390. 1947. stock, Jan. On share The declared 2 a Special Dividend— special dividend oi' ' . cents per 50 both payable Jan. 2, 1948 to holders of record Dec. 12, 2, of the current year, a special distribution of $1.50 made. The total disbursed $2.05 in 1946. 1947 in was $3.50 share, per usual quarterly dividend of 843a cents on the 3%%; convertible stock was ai°o declared, payable Jan. 2 to holders of record referred Dec. Dec. was against as on regular ouarterlv dividend of 50 pents per share cn the t he and re 12.—V. 166, 1350. p. Beaumont Sour Lake & Western October from ry. Ry.—Earnings— 1944 1947 from 1946 1945 $708,859 $559,410 $578,188 252.147 148,238 137,320 railway. 129,064 242,65). 47,256, railway oper. income. 1— railwayrailway- from Net from 7,267,142 374,300,634 340,733,803 27,286,639 276,885,000 258,604,346 3,171.121 1,660,420 _ 7,177,471 3,004,974 ry. oper. income. "Deficit.—V. 166, P. 4,350,984 53,446.366 Cr246,627 Z?r570,924 $865,366 s , 415,603 *556>490 1,329,306 10,268,713 8,108,004 • ..5,784,214 3,859,808 779,588 ' 675,998 1386. Bell Telephone Co. of Period End. Sept; 30— 43,906,230 Crll5,302 " » Operating 3,423,223 37,863,515 33,214)436 revenues—. oper. % Pennsylvania^Earriifigs--^' ? if{; - 1947—Month—1946 11,837,519 _ 24,102 rev Operating revenuesOperating expenses 11,313,417 to of been director Chairman head the ■ Net ,< and, President directorate. Olean, home o* the mo in 10,775,288 102,750^3291 14,063 1574. . -j 95)712,554 10,761,225 102,564,772 95,602,255 9,387,568 8,075,976 79,443,859 1,072,773 9,313,918 9,708,218 1,461,073' 1,614,476 13,804.995 /? 14.220.422 1,021,504 . —V. 166, p. 1575. The Harry ; ■ l 3; — 1,169,803 9,963,748 10,210,248 71,673,615 The Output— corporation produced in November, approximately-65,000 units, L. Spencer, Vice-Pr.esid.ent/in * charge of manufacturing) an¬ nounced. •14,500 -1: ' > Bendix Home Appliances, Inc—November of „ income Not- after. charsresc This, automatic? output home included 51,000 automatic washing machines, ironers. and 9,500 automatic clothes, dryers..-, • , produced, to Dec. 1, approximately 641,750 units, ft including 558,500 washers,.'43,000 ironers and 40.250 dryers.,, Novem)?ber production of Bendix automatic washers was 56%: greater than the company N<*"»mKer. doubled;—rV, "Y j i 185,557;, yj* jl(.Q?29g 964»7.76 operating he But, ; of - 194'7^& Mol-^-1946 i/ Unit—■j-f:. board i 102.440 fxd. 38,338>534 both / $1,228,633 Net 43,398; 344 . .' $29,441 45,495 per and 3,922.245 as 82.764 43,483 31,962 44,345 (net?)/— 35;313,241 resident iW. 1.177.680 (net),. 166, p. iriC/v.' ri I: 7,459,030 61,576 45,220 a 1947—10 Mos—1946 Daystrom, Vice-President and; Treasurer of ATF Incorporated,, and President of. Daystrom Laminates,; Inc., Daystrom, N. C., another ATF associated "company.—V., 166, pp. $8,443,090 7,440,313 83,610 — Bankers Securities Corp.—New Director— been a $9,720,379 653,862 From January growth and its prospects for further. it is necessary for the Daystrom company to have a Presi¬ will $711,577 charge: Gross 5,297,790 continue 1947—10 Mos.—1946 1947—Month—1946 $846,914 "Deficit.—V. " will 74.471 9,468,504 Net Panhandle & Santa Fe Ry.) served. 4,335.028 1,500 Co.————— 1947—Month—1946 5,059,005 . 1,199,208 2206. p. income. charges Santa Fe Ey.—System Earnings— Gulf, 8,534,612 4,471,751 Fixed Co.—,1,500' & Act_— Insurance Act 741,850 income Income 1,500 Jones Retirement ' 1,500 & D. & 166, accruals. income Other 1,500 Stix Richards Railroad a/c revs. oper. Rent Co.2,250 explained that with the concern's inc.. ' i Cassell F. debt ' 2,250 3,000 expansion, Strader, Taylor & Co., ';V£vy':%..-ft rrCInc.')1.' tax Ry. 3,000 Co._ Pacific Co. of California— 6,058,254 he 846,182 fund, income common Co.„ & Edward Dr400,873 has 665,075 Beatrice Foods Co.—Declares 3,000 1.50 ft _-.-V4l.50 :1 /ft The Ohio Co.—— C. Estabrook: Ry. 1,500 30,339,414 and 8 386,304 49,586 on oper. she 4,781,217 Jones 4,188,611 new Hill 1.50 Lajrd, Bissell & Meeds— - Mr. Daystroin, 1.60 4,771,845 29,048.160 Ry. oper. cxps the 3,000 has 376,394 2,420,980 debt Net Dollard 4,197,693 than Period End. Oct. 31— Ry. the number underwriter for . 2.00 — Co Spencer Trask & Co.—A 4.10 ; 2.70 Inc.— M; 24,276,315 Bangor & Aroostook RR.—Earnings- the appointed President of ithe /baysterom# Corp.; a subsidiary, large manufacturer of tubular chrome furniture, with plants at Olean and Friendship, N. Y., according to Thomas Roy! Jones,. President of,, the' parent company;' ^ >)Paul 1,534,032 2,044 586 2,992,151 60,743 other tDeficit.—V. new Brush, Slocumb & Co.— Davis, Skaggs & Co ATF, Inc.—New President of 2.70 1,585,535 2,598,288 Operating taxes 2.70% 16,233,220 2.314,163 153,124 14,255,571 2,250 credits. 166, p. 2206, 2,092.390 a/c Railroad Unemploym't Federal income taxes— /''*. of Inc.- 42,096,331 —V. 24,279,108 20,865,979 203,941 393,863 Excise, tax 448,854 shs. equal to principal William Co._ income 48,820,219 1.678,599 Tax " None 4,125 inc.' , 4,080.250 "Include: 280,312 shs. *150,000 shs. . Marks & The. Milwaukee - White, Weld & Co—X' Equitable Securities Corp, Co* - 5.50 — Net Gross oper. $ on int. Shares expenses railway S 129,241 deductions Uncollectible Net 1947—10 Mcs.—1946 S 10,300,000 underwriters Schwabacher accruals— or 1946 2,320,981 153,686 income chgs. The revenues oper. tax debits record of 5,202,198 net— income oper. funded Wagenseller & Durst, 1 oper. stockholders ry. net: rents, Contingent the Railway Railway Railway to V of -Earnings— tok 1947—Month income Misccl. 2034. v rents, ry. Fixed 10,875 Period End. Oct. 31— Securities —; Kidderv Peabody* & Co.— '. Barney & Co.— facil. Total No. of 10,500 Co.^ p. from revenue Harold each The Co & 1948 dividend An extra of 40 cents per share was paid on Jan. 2, 1947. the current year totaled $1.40 per share, the same as 165, p. 803. operations. tax accruals^ Other 6,000,000 preferred of & —i. Marks 2, quarterly 223,507,882 interest 10,875 Tally Jan. usual 252,786,990 below. name Webster Securities Co payable the 24,417,738 247,073,784 Jt. Outstanding . name Jackson declared 28 27,028,096 $1,368,000 AGREEMENT—The shares (Includes bonds, Mason-Hagan, Inc Shields & Co of expenses Fixed 750,000 shs. Atchison Topeko & Percentage .Harris, Hall & Co.; , fish shares oper. stock. Net : 10.75% it, affiliate, 370,977 in Equipment part Unlimited 10,875 Weedcn —V. follows: as Fish 23,498,038 295,894.003 FINANCING 75,000 shares. Webber, Laurence M. UNDERWRITERS—The names of the under¬ stock and the percentages of unsubscribed are of v the 32,230,292 Net properties. 319,688 shs. Bateman, Eichler & Co preferred purchased by'each price a to revenues ''Ry. in i-J* •'?'• .PREFERRED sell • . company • writers at v• Railway divs. Unlimited Unlimited, (par $20)_ opposite Mitchum, cus¬ - UNDERWRITING—Kuhn, have flowage v. oper. Net hydro-electric corporation > company - to ($20 par): Corp. . West Virginia. the of the $ & 280,312 shs. 150,000,shs. number of a Stone & company has two wholly owned subsidiaries;. Radford Limestone Inc., which operates commercially, under a lease, a quarry at Rad¬ ford, Va., acquired by the company incidental to the purchase of the site for a hydro-electric dam, and West Virginia Power Co. which undeveloped Trust : Curt.is The New River in shares at $21.50 1962; Authorized PURCHASE Co. owns 1 Co.-—New;Financing 'Voted—>•. authorized Nov. on share, per 5, 1947. 1946—V. and I series preferred Paine, those customers, 1, and Shares predominating in coal mines, chemical plants, textile mills, metal work¬ ing; plants) and glass factories. l. . Railway after that date, and prior to divs. if. redeemed; on or or 3^%, due Nov, 1, 1977 Lester -& importance 335,646 11 - '' also Period End. Oct. 31— year. Savings* Bank of'Los American, National- .Tcust* and Savings proceeds Dean Witter & Co power share No. of 11% from, small light and power- customers; 25% from large and power, customers (exclusive of coal mines): 23% from large light and power customers (coal mines); 13% from affiliated electric utility companies; 2% from other electric utility companies and munici¬ palities; and the remaining 3% from street, lighting and miscellaneous the large additional 50 directors Net net betterments tomers; Among each treasury for expenditures heretofore made for. capital of the Downey Exchange acquired light customers. in 1 preferred stock and the respective number of shares preferred stock to be purchased by each are as follows: West in the 12 months from was prior to Nov. on share per National Bank territory served Lynchburg, Pulaski, communities, of. Roanoke, Nov, new and Marion and in West Virginia the communities of Hunting¬ ton, Charleston,/ Bluefield, Beckley, South Charleston, Williamson, Princeton, Welch, Dunbar and Logan. Of Citizens UNDERWRITERS—The Salem ended ' «. Baltimore & Ohio RR. $21.75. per Future series); if any__i upon electric the at at that date and The Lines. in * . by it at a price in excess of-$21 per share exclusive Of accrued dividends, it will pay to the company an amount per share so sold equal to the amount by which such price exce|ds $21 per share. The options,are several and not joint, each purchaser to have an option agreement is derived from electric oper¬ ,ip Tennessee and; to companies to Payments is sold Company is engaged in the generation, purchase, transmission, distribution and sale of electric energy to the public, and the supplying of electric energy at wholesale to other electric utility companies and municipalities in extensive territory in Virginia and West Virginia, to Virginia, ' J stockholders cents 25. Dec. at, any time or from time to time prior to Feb. 1, 1948. The price to be paid to the company for the optional shares Will he $19.94 per share, plus accrued dividends. Each purchaser agrees that if any new preferred stock acquired by it through the exercise of options ations. utility 1,789,006 251,609 share. a The purchasers shall, upon consummation of the above sale, have options to purchase up to 75,000 additional shares of the new preferred stock 6,000,000 shs. 1926; Appalachian Power Co. v^othef...' "electric 1,016,791 Machinery Corp. of Delaware, a newly organized filleting machines and patent rights in return for its $1 par value common stock.—V. 166, p. 2094. purchase agreement provides for the sale by the company to the purchasers of' an aggregate of 75,000 shares of the new pre¬ ferred stock at $19.84 per Share, plus accrued dividends. The number of shares which each such purchaser is obligated, to purchase is set forth below. The stock purchase agreement also provides that the 75.000 shs. • . —, $4 The stock the' maximum amount, to as 1957; preferred stock will not be under . but issuance limited by the requirements of the .instrument under which such securities are issued.■ * and 1 1947 series STOCK 30Q,000;shs. - to, subscribe 850. *The underwriters have agreed to purchase 75,000 of the shares and, upon consummation cf such purchase, will have option's'to purchase 500,000 shs. " Aug. 3V4%, due Dec. 1, 1969 C, 3V4%, due Nov. 1, 1974 Common ( 28,000,000 \ 4'/2% series (par $100) and Series D, 5% ($70,000,000 • ——J Cumulative preferred stock— >Vf: 4.50% t. new ——^ has who p. - its the remaining Outstanding 1, B, 4!/a% - Authorized 1, $21.25 Cumulative preferred stock First mtge. bonds: 1970 314,695 141,797 bonds will be offered first to, stockholders. The company has agreement with Doolittle Schoellkopf & Co., Buffalo, N. Y., underwrite the unsubscribed portion at a price of not less than 97V2. For each bond of $1,000 denomination,, stockholders, have the right Jr., date. reimburse Series — •)*'* v v series due 4,771,675 trust Inc., Carey, part at any time, at option oi. company, notice, at $22 per share and dividends days' after or per.share. May in Nov. and- at Registrar: Series CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING 3V4/% 4 398,826 . written Preferred Stock Of¬ — First mortgage bonds: portion of the new, station and other appurtenant equip¬ boi.er unit, Products, Gibson W. Manufacturing Go.—V. 166, company's program company of its generating Thompson late the CAPITALIZATION, GIVING EFFECT TO ——•—13;250,000 10,550,000 1- — is $17,800,000. 34,898 3,341,142 165,808 on Dec. 1 authorized the issuance of $566,.. ^o col¬ 10-ycar ll/z% convertible bonds. They will be convertible into, common- stock at $4 a share after June 1, 1948. 1946, and in part to finance future $18,650,000 22,400,000 facilities—— distribution facilities———— The estimated cost to the 166, p> 1885.' lateral to additions company for the last- five months of 1947 and for the years through 1951, inclusive, .is estimated to amount to approximately $64,850,000, allocated as follows: electric 25,708 7,384 Atlantic Coast Fisheries $7,241,106 : purposes, including the acquisition from Consolidated Telephone Co. in 1948 Electric generating facilities Electric transmission and distribution on 1, or 30 to PURPOSE—The ■ the Rural income___ )•; • $437,430 9,142 ,V . railway oper. •1944 93,806 . !• / . 3,360,031 railway—456.263 from ry. —V. a Jissqciation, Los Ange.es. ' deposited company's securing prior 1967, 1, Angeles. with the corporate trustee under the first mortgage bonds may be withdrawn by. the company from time, to time to, reimburse the company for 60% of the cost or fair value, whichever is less, of property additions. mortgage Feb. than Transfer, Agent, and for other corporate purposes. pany succeed sha^e and dividends if redeemed after "that from, the; issuance and sale of the new pre¬ (total $21,428,083), will be'added net, proceeds- $7,334,441 "$8,976,294 President of to whole a less redeemed Nov. trust securing the company's, first mortgage bonds, cash ir>( the amouht <jf-_.—15,000,000 as redeemed per gage and deed, of t not upon _ payable Redeemable (3) To deposit with the corporate trustee under, the mort- Crawford, director a Dividends $3,668,610 without premium $5,000,000 notes payable banks, due Dec. 31, 1950, borrowed for construc- interest C. elected par) 5% 1947 series at $21 prepay to Net 10.2Q4 fered—-Paine, Webber, Jackson & Curtis; Stone & Web¬ ster Securities Corp. and Mitchiim, Tally &> Co. 'headed an investment banking group which offered to the public Dec. 2, 150,000 shares of cumulative preferred stock ($20 6% f.:- tiQn; purposes which,-, excluding; accrued date of payment, will require— - 5,523' , .' $379,479' 25,769 .v. 201 " 1945 .$348,533 42.96J Automobile Insurance Co.—No Extra Distribution— July on $7,363,211 Associated Telephone Co., Ltd. To deposit with the Co. 89,87.4 Asbestos Manufacturing €0(. — Control May Not Be Acquired by Thermoid Co.—See latter below—V. 166, p. 2094. f • .ft")"' applied, in park! to-the following: .' (1) from The to bonds, $3,598,020 -1946 $331,316 incomo ry.. open Gross RR.—Earnings 1947 . railway.— l/ailway—— frnm Ne,t $430,434 /3,456,453 $9,651,479 $11,658,276 President of the Yale & Towne was from the sale of these shares of common stock and the be received from the issuance and sale of the 1977 estimated at $27,865,723 (total $37,865,723}, are to be proceeds A ''.A lroni! ' 166, p. 2206. been offered, company is selling 30,023 shares of common stock to its parent, American Gas & .Electric Co., for a cash consideration of $10,000,000. The proceeds 399,458 165,501 245,164? 1782. p. 1,275.477 603,741 The. stockholders income Frederick New v);':'*•'/, Exchange. 3,569,532 /Net '2,402)839 .' Armstrong^ Cork, Cov—-N^w Director—• use its best efforts to procure the listing preferred stock on the Philadelphia Stock to cumulative ——1,516,373 —'! The and R. Bankers Trust Co. are for preferred stocks, Guaranty Irving Trust Co., New York. agent- Registrar, 38,184 y income Net Page,, New York. York, railway- Octobor— pre¬ preferred held of record at Subscription period will termi¬ 1947. 166, Gross %thcbme-—-—-- : ^3;790,089 ' $9t74l,353'$-11,663,800 ' $9,608,224 deducts;— 2,426,877 2,406,912 2,687,505 ; 2,367,1-17 Gross Total 4.50# the 58,493 ' ■ Atlanta & West Point 17,322 2,016,077 Doc. 15, on the share of one 30,623 •• railway oper. income Net 4 Vi% the 24, Nov.. on (EST) of rate of from, —V. 4,561,620> ' 2,03.9;010 111,242. $.3,752,543 37,540 income $150,169 V ' investment group headed jointly by shares business 3 p.m. trustees for The be four • ' Corp. and Union Securities Corp. will each 8,353. 3,965,010 ,3,796,623 income—. atlxer, Total preferred', at $100* per share- (fla% has> bee*fc The First Boston ferred Operating . 1946:1 • ' From January li— $100) to holders of its presently outstanding AVz % cu¬ underwritten, by an- 4;405,541:' I'd -14,6277% v , inc.- 194,7/< „ 3,890,028 75,000 shares of 4.50% cumulative preferred stock (par mulative 4,245,220 9,184 excess Ry;—fEarnings- ,*■ cper./incbm8--___r^—_l;_il%___?!_ Net from. railway Net 4,27o' . 775,452% 547,004 479,i2l 2,475,4S3J ^2Q1.45k;;.2,281,70J?.' tax income Federal . 4,327,125 Amoritizatjon of company 980,084 ••'-vJ5,"3'73 '• •* •' 1,030,616 2:837,104 , Depreciation Federal 997,785 ^ Admin, and» general—i „ Preferred Stock Offered:—Offering by accounts^.- Sales promotion- Co., Inc. and associates, 100.0799 for, 3ka&; The First Boston Corp. and associates, 102.18 lor 3lAs; Halsay, Stuart & Co. Inc. and associates, 102.13 for 3Vis, ' , ' ' * * 1 collecting—: Uncollectible The underwriters were awarded 'V ' %'• From Jan. 1—// : . interest, to yield13.10% to maturity. ' , . 2,517,803 . \ < Gross :,fr om' .railway..;—' $ 16,1,188'. v Net from railway 1™ ;. 63,852;% 1.0,226,004 1,146,065 3,289,482 1,313,923 Distribution.— Saint AHdrews Bay, & ,, ,, 1S45S 12,013,453 expenses.— Customers' ' , W9,698,821 Transmission. and %. -—-rYears. Ended Dec. .31-— ' 1946 159 Production The bonds, dated Dec. 1, 1977, were, priced at 100 Vz 1, Total? Monday, December: 8,1947 -V? . July 31',*47 ' ' ,7 12 Mos, End. - '*>* , FINANCIAL; CHRONICLE STATEMENT OF EARNINGS ^ - • ' , & •' 'V- ' , ' and Preferred' Stock-^-Kuhn, Loeb & Co. and Union Se- bonds, 3V8% series due* 197,7. >V-., -;.l ft t'yii in46 and the 11-month1 total was 1886i •n:) i' ij &<!$$>'■ ■! more than Volume-166 Beneficial Number 4653 Industrial Loan THE Corp.—To Pay COMMERCIAL in: cash Year-End share Dividend— and. the:remaining Buffalo of Included The directors cents the { $3.25 on declared the on cumulative board record it the made Jan. on 17, dividends cents 1946, of per both 30 of share meet again- declaration year-end of before distr bution of 30 cents Bolt's deal October-— of end Gross Net Gross ry. from Net ry, railway railway Gross Net 961,604 383,791 309,591 ''Deficit 394,200 13,354,992 15,543,982 3,029,0-76 6,739,805 3,703(661 3,159,669 V. October 3,785,608 Gross 4,414,066 sale for this to; announced value ■i of The Justice I company: for 18. Nov. The 011 Johnstown, Pa., has been $500,000, War Assets plant has a present Net is that 166, >. Administration will upon an opinion by violate anti-trust laws. not ufacturing building with 161, Blair & In order fair the -Department' 123,941 of ft. sq. lloor of On area, 14-acre a simplify the consolidated corporate structure and its subsidiaries, it is planned to dissolve of Inc. Blair own & this the consolidated new Inc. of New York (securities business in the of parent Net of Trust record extra of hursed f Dec. on Nov. 15 in 18 a cents the 1 1,165,507 58,665 1,282,221 442,558 543,613 Inc. and Inc. units which of beneficial distribution of $2 total a year, of $4:15 per with compares market on quotations allowance lor the $7,435,957, value represented outstanding per in Deficit.—V ipop- Gross and a Net From Gross ■ by unit Nov. on Dec. 1945 both of dividend 25 cents of 30 cents per payable Jan. similar units. from ry. * *52,505 *38,868 2 holders to Oct. 011 cents share per and *93,382 *125,482 Net of on record July 1.—V. 1, 166, Dec. last, 17. An which *1,029,009 *709,345 *948,435 Net from ry. ry. 1945 From 165, Net- $517,622 *316 216,631 65,849 *93,944 *67,140 128,361 *102,282 ry! 4,085,665 expenses. $7,415,369 Net oper. revenues.— $1,561,110 Taxes paynent followed by a rents Joint, (Dr) fac., rents 292,177 ' 2,082,979 1.805,439 1,050,988 1,023,856 1946 1945 ry. (Or) $125,579 *54.285 *106,314 >1.0*7 Other income- $520,018 97,901 income Of Rentals, the V. 166, 2,604,287 & Share 245,778 232,427 int., etc at $4,723,580 $2,883,040 stock 679,920 1,079,411 Oa $858,156 326,627 304,805 $5,403,500 $3,962,451 1,419,327 1,169,941 $313,114 —V. 2,966,034 3,279,656 166, p. $531,529 $2,437,466 1783. *622,206 *548,004 ■; The » 1948, Mutual company will Life Insurance continue its present *1,017,931 *881,736 Net 1947—Month—1946 The, total amount to be set aside for dividends as compared with $350,000 in scale a to 26,636,759 21,820,782 for the $4,815,977 $15,813,803 paid-up basis, become payable 165, p. 1447. 1947.—V. for of shares subscription the of stock common its by other company share, leaving for by stock than 13.270 Net Electric shares company's to the Bond subscribed share, per from 6,893,711 9,424,003 878,417 4,273,083 5,479,554 by . the .company to up 1st 12 same-date & gen. at Noon its up office (EST) stock cemmon to 11 at 443 Congress Dec. 8, 1947 for the $10). Company also- (par a.m. (EST) mtge. bonds, series P, for the called for redemption on Jan. 2, next, $61,000 ct mortgage bonds, series M, due Sept. 1 1972, at 108 »/* Payment be will made at the Old Colony Boston, Mass.—V. 166, p. 2208, Trust Inc.—Earnings—1947 1946 1945 1944 $692,811 9,093 $635,367 51,885 $728,27(> 78,843 income 133,12G *24,118 89,139 *42,968 38,687 7,794,116 railway railway—— 6,687,928 386,060 *585,601 6,878,932 7,371,420 920.198 1,566,645 652.19CT 1,318,511 302,938 income—- oper. 166, 34,456 1784. p. by for Co. sold 13,270 by by common Share Co., purchase 42,340 of ihe company's common stockholders of stock the the Nov. on company shares agree¬ of the which were not (less company per share.—V. 166, our Paper Co.—Stock issue of Nov. 24 Offered—As U. Brooklyn- Union Gas Co.—Definitive Bonds Ready— first 1976 • and ry. 3,453,330 3,855,564. 1,370,802 638,552 Net Further details follow: 700,767 *91,183 295,852 Ry.—Earnings 19471947—Month—1946 Earns, per taxes 1,961,194 $ 1,629,943 19,046,242 1,884,093 12,989,790 1.382 904 16,336,252 4,895,894 37,159,734 31,123,919 12.623,676 30,209,842 3,299,848 — share.. NOTE—The above is 4,307,507 $0.42 $0.54 consolidated a 1947 railway From share per 1945 1944 ;i income 3,060,531 2,833,926 1,942,587 2,424,003 January 1— from Net from Net ry. railway! railway oper. 166, 178,996,707 164,007,723 209,082,045 199.460,762 58,071.503 48,596,752 26,452,249 income 23,331,205 85,942,705 26,082,796 78,143,21T 22,525,153 1887. p. Chicago & Eastern Illinois RR.—Earnings- each the of three classes grouped is are as under which the products sold by follows:' October— Grqss Net Net from from ry. 1947 railway $2,521,833 railway oper, 1946 $2,355,911' 1945 1944 $2,252,575 $2,860,544 321,001 314,857 809 112,084 179,248 151,333 23,176;277 3-,093,585 20,500,302 25,501,437 28,755,224 1,259,152 6,516,234 316,346 *299,350 2,301,327 income..— 211,302 945,510 - j ; — Change in Capitalization and Ac- quisition Ratified— - ,-(<The;stockholders at a ' " special meeting ^changes incident-to the acquisition ; Penberthy measure Injector the flow of on- 26 approved capital the outstanding capital" stock of Co., of Nov. manufacturers liquids. l" ' of : devices v to- regulate j- The stockholders authorized an issue of $20,176 shares 5% cumulative- preferred stock, eliminated the presently but unissued creased the outstanding, issuing any 10,000 shares authorized, to shares. additional The common company does not stock at this time. $25 all par Fine .paper, products-^——Coai'se paper & sundry products CAPITALIZATION ,v 4% pfd. conv. (Preferred Common that company's 25,219 outstanding common shares will receive $.44.50 a for their holdihgs, Of. that amount, $24.50 a share will be paid Share stock stock v ■ 1944 reserved for are 1945 50% 46% 46% 46% 43 47 47 46 7 7 7 EFFECT TO • — 1946 47 %' $100) conversion PRESENT of the 4% None the remaining Commercial and Financial ; $209,012 shs. $50,548 convertible for-issuance to shares stock stockholders of ry. oper. income— 166, p. • 8,837,590 2,570,446. 2208. October— Gross Net have which lAssuming issuance of all now offered, and. assuming issuance: 7,470 shares offered. May. 26, 1947., . • Net acquiring to full shares. railway .from railway——— Chicago Great Western Ry. —Earnings Outstanding 16,831 shs.' • January 1— from "Deficit.—V. FINANCING :: the 40;000 shares" of cdnunoh, stock all Net 40 t315,000 shs. — available fractional shares to round out of Net .7 16,831 shs. $lk:-„ be Gross - available, for subsequent issue. to 53% .44 . The Aug. 31,'47 8,9 Authorized (par From 8 Mos. End. 6,177 shs. (par *Authorized and been GIVING 1943 -stock 16,831 shares of 1942- Stationery products „—I now contemplate I Under terms of the Penberthy purchase agreement, holders . and authorized, and in¬ preferred stock. $100 par, stock from 400*000 shares, common 600,000 of the 7% of of „ 1947 from from ry. railway..— railway oper. 1946 1945 - 1944 "$3,128,302 $2',531,427 $2,398,702 $2,561,795 893,968 544,754 791,973 382,266 613,525 427,531 170,682 256,683 25,415,903 5,077.,417 22,113,373 2,755,706 24.597,786 25,258,023 6,624,034 l;7o7v503 206,965 2,162,169 7,653,816 2,633,745 income—. From January 1— Gross from railway Net from.railway.x_..— Ret ry. operV lncoine*. ^_ —V. 166, p. 1887. Chronicle. ' (Reg. U. S. Patent Office) William B. Dana Company, Publishers, 23 Park Place, New York 8, N. Yi REctor. 2-9570. Herbert D. Seibert, Editor and Publisher: 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 3„ ILL (Telephone: State* 0613); 1 Drapers' Gardens,. London* E. C., England, c/o Edwards & Smith, vCopyright 1947 by William B. Dana M eecond-class matter Company. Reentered February 25, 1942, at the post office at New York, N. Y., under the Act of March 3V 1879.. Subscriptions in, United States, U. S, Possessions, Territories and Members of Pw* American Union, $35.00 per William Dana Offices: 135 MOTE: On S. Seibert, - La Salle. St.,. . account of the year; in Dominion- of Ctmada, $38.00 fluctuations In the rates of exchange, per year. remittance I $17,788,424 $19,561,712 $22,114,299 6,563,675 5,742,648 6,856,268 9,286,233 AND Calendar Years Buffalo Bolt Co. ori -Earnings— 1946 $20,829,143 railway.. ry—oper, $3.10- statement of this earnings Chicago Burlington & Quincy RR. October- 24,749,398 $3.91 income account company and Pere Marquette Ry. Co. and capital stock after merger.—V. 166, p. 2101. from 1946 $ 4,003,481 income.. 1 com. 1947—10 Mos.- $ 24,578,918 258,123,375 204,380,023 inc. taxes. income mentioned a 134,597 221,895 1887. p. & Ohio prof, oper. Net -from BUSINESS—Company was incorporated in Delaware 22, 1937, as successor to Carpenter. Paper Corp. The company engaged in the warehousing for sale at wholesale of paper and paper products of various descriptions. The approximate percentage of busi¬ dompany 43,351 3,103,095 29,171,440 railway Net is the 1251. 24,822 563,045 16S, Canadian excess Oth^r Nov. in 21,062 income oper. and —V. ness, 109,96J> 3,751,215 income S. Gross HISTORY 1944 $360,922 37,066 $ Gross Gross 1886, pp. ry. Deficit.—V. Chesapeake 285 or at $30.50 21 1945 $312,165 38,479 income oper. Period End. Oct. 31— modification of a 1946 $315,919 19,608 *9,371 from common for common which, under being issued by stock * or shares for Net Bond stockholders. Share the & additional common and Electric Bond of 1947 $376,198 railway. railway. January-1— railway Net from railway payable Nov. 20). mortgage bonds, 27*% series due 1976, are now ready for delivery in exchange- for outstanding temporary bonds bear¬ ing the designation "General Mortgage Bonds 27*% series due < Co., $744,977 from ry. banking group headed by Kirk¬ patrick-Pettis Co. on Nov. 18 offered 40,000 shares of common stock ($1 par) at $53 per share (excluding divs. "vj; jv pur¬ due 1977. From Oct. Carpenter in 165, p. 2131. 1947)."—V. .166, p. 1,821,686 1784. the on, been oper. from Gross Net The Chancellory Court of New Jersey on Nov. 17 affirmed the right H. Johnson, President, to purchase 50,000 shares qf the company's stock at $2 a share, dismissing a stockholder's suit to enjoin Mr! Johnson fr6m exercising the option, which expires .Nov. 23, 1950. (First Mortgage after May 1, 32,694,335 Charleston & Western Carolina Ry.- -Earnings- (no par) offered stockholders (see common the 3, 1947, pursuant Electric Bond & Share common class' B Definitive 32,354,877 railway from Net unsubscribed period net Of F. , 487,573 26.454,608 Cfctober— $13,976,424 the underwriting agreement, are purchased by the underwriters), together with 600 shares of the company's common stock purchased by it in connection with stabilizing operations, or an aggregate of 13,585. shares were purchased by the underwriters. The underwriters "mad'e general public offering of the 13,585 shares of unsubscribed year ,4 ,! 430,004 railway—— from ry. 262,745,626 241,283,723 246,931,823- 227,307,299 . $30.95 Botany Mills, Passaic, N. J.—Stock Option Approved— —V. 845,211 Redemption— ''Deficit.—V. 1947—10 Mos.—1946 $5,211,361 shares upon (' ry. Net 29,817,259 additional per subscribed R. Benton,; President, has announced. This maintenance of dividends will apply to all industrial and ordinary policies except those which have been left with the company j 1944 $3,170,459 673,200 481,738 From Jan. 1— Ry.—October Earnings— turn Div.— Jay |:in 1948 is $375,000 1945 , *475,029 Maine, general from Gross by it to the underwriters at a price an aggregate price of $1,310,423, and, during 30, 1947, to Nov. 20, 1947, the underwriters in sold. 42,340 shares to the public at $32 per share, or an aggregate sales price of $1,354,880. of $682,795 Co.—Continues dividend 1946 490,137 1,813,062 received have Net" from *468,308 *1.130,610 Nov. The Boston r plan.—V. $3,041,630 Central Vermont Ry., 1,266,505 *499,148 1763), 42,340 shares were subscribed for Co., and • 35,325 shares were subscribed $30 company's the income 3 value par 308,661 OctoberGross > company p. stockholders 102,250 * Net ' 90,935 by ' vi the 4.662,525 $755,903 $317,919 be. interest. *144,277 Carolina Power & Light Co.—Subscriptions— ment, Gross l/.-V oper. income Dec. on $1 option 41,748 166, p. Portland, and *95,733 19,546 24,605,898 1886. p. $10,382,279 24,929 of stock $138,494 *1,098,533 earnings—— 166, 2,629,090 271,0)2 27,394 __ Exchange shares •Earnings 26 trustee, 45 Milk Street, 1944 $166,259 f earnings-Workings expenses all Net will and 1386. p. Curb a $2,795,569 income Partial Vermont—Earnings- 1,753,301 166, York 1947 railway railway.. first *166,244 income New $2,859,509 278,605 chase of $4,000,000 732,624 *155,394 > ~ the income oper. Bids 1947—10 Mos—1946 ) i / railway bids *100,676 Gross Net $1,472,070 $14,357,046 420,141 6,758,598 721,521 Equip, of of 26,458 adidtional issued pursuant to be initial was . ;.x\ to will, receive $174,481 Canadian Pacific $8,993,321 $69,053,292 $63,906,18'3 5,521,251 54,696,246 53,523,909 5,854,259 $436,903 January 1--— Street, 1886. p. Period End. Oct. 31— -V'. 1947—Month—1946 revenues. Governors listing from Net Rll.—Earnings— Period End. Oct. 31— v _ -'];Operating $435,185 5,016,738 5,691,729 *29,376 railway... oper. $1,295,928 "$883,034" 1783. 160,000 shares of 915 395 income—_ Deficit.—V. 959,48^. Central Maine Power Co.-Invitation for Bids for Purchase of Bonds and Stock- 1944 $561,707 *20,742 railway: from 795,926 purchase of From January 1— Gross from railway Net 918,302 29,931 Earnings— 1946 $286,186 1947 cper. 57,920 ft railway— from Net railway income 16,853 $1,426,321 13,165 - oper. Gross Gross Boston & Maine .■Operating ry. *401,185 $315,610 i . from 1,547,000 from- railway—— Net of 664. p. from *97,678 October— Gross • quarterly capital stuck, the of the iV Gross There regular a on 2100, October— 1,953,800 oper. 12,265 806,400 taxes. 2100, p. *445,596 4,407,935 58,425 $2,227,394" $1,289,031" 400,000 stock, *946,967 ra.lway $2,163,959" $1,276,765' $1,409,463 20,344 ~ PP. STATEMENT ——Years Ended Dec. 31 $2,109,778 Central of Georgia Ry. *72,018 Pacific Lines in Maine- Deficit.—V.' 166, The $93.76.—V. was share have been declared disbursed was payment exps. inventory Board common $138,000 1947 from INCOME Catalin Corp. of America—To List Additional Stock— The 1944 $163,700 *104,665 Canadian Pacific Lines in 18,, 1947, 1947 dis- 1, 79,842 for authorized January 1— Net an total income 166, 1,756,500 - de¬ may 1946. 1945 1944 $34,963,307 $23,497,183 $22,203,667 22,630,919 28,122,602 19,111,836 lb,103.Hti 3,506,831 4,671,736 3,108,581 2,691,083 Balance 1783. from company management $28,213,431 ' Net 166, p. 1,000 Aug. 31.'47 price declines *394,111 railway from railway ry. oper. income—_ Net interest unit; dis- for —V. the as 1,000 part of a The general funds of the purposes 8 Mos. End. , deductions 1.804.100 income.— 2,200 34,048 • *88,916 1,300 —— England—Earnings— 1946 ' T,2CO 1,000 1 50O 1,300 1946. $170,000 *27,096 Greenway & Co.——— Eugene C. Dlnsmore Estes, Snyder & Co., Inc.__ Beecror't, Cole & Co.— 3 000 "$2^0*73,731 Provision Unit— per of $2.50 $193,000 railway railway Canadian America-—Pays $2.15 Divi¬ holders after with 1947 oper. Net based compared as 3,500 income Prov. Book-of-the-Month, Inc.—Extra Dividend— 25 adm. '-Deficit.—V. * of & gen. Income quarter of from ry. * - making fiscal on 1,300 - company. Balance , 1947, both payable Dec. 31 to holders 16. With the three quarterly distributions of 50 cents March 31, June 30 and Sept.. 30, this makes a total of 1947, from Net 1946. liquidating extra ,, Other From Jan: 1— ■ An . Sell., 633,564 488,978 Buffett & Co John Douglas & Co., Inc.— corporate Gross sales less disc., &c. of goods sold..^.,- 1,534,138 285,995 589,305 The National Co. of Omaha 5,000 CONSOLIDATED (buy¬ p. 3047. dividend the such 58,974 29,602 • October— semi-annual unit, current 54.10 per unit in to regular total portfolio •■£ plus- other net assets v? tribution, aggregated yf resulting paid per ■A- I The * 1,319 44,160 > for $156,148' , ! 59,058 93,868 5,000 . 1944 $80,919 403,408 from Gross Net to dend—Liquidating Value $93.76 — 1945 funds of used Cost railway from railway— ry. oper. income.— Net will corporation in Net The - 66,389 be termine. 1943' '22,364 general will $154,031 1,386,339 number follows; PURPOSE—The net proceeds will be added to and become ;!.f'.' v :! fourth Dec. made Gross » , 194.7- the as 1,500 the $164,301 are No. of 3,000 518,993 Canadian National Lines in New Cali¬ Ltd. "Pop" Corn Sez, Bond Investment Trust of k 430,503 October- corporate vote rn a proposal to change the Blair Holdings Corp., and to trans¬ fer: the business of underwriting and distribution ot securities to a wholly-owned subsidiary to-be known as Elafr & Co., Inc., which name has substantial good will in the securities business. If this action is approved, the changes are to take effect at the close of business, Dec. 31, 1947.—V. 166, p. 2207. W 36,043 - and each by U-yi;shs. ft William R. Staats Co...—— Burns, Potter & Co 959,761 136,551 >•> uhdefiVHters the purchased Barret, Fitch & Co., Inc.— Lawrence Br inker & Co.— 2,533.965 939,956 1783. P. be 3 7,200 Ranson-Davidson Co., Inc. l!'; Boswoith, Sullivan & Co.— 166, We. tern Co., Co., lis;: -•corn business). ( On Dec. 16, the stockholders name 2,718,345 The usual quarterly dividends of 43% cents per share on the $1.75 series preferred stock and 25 cents per share on the $1 series preferred stock were also declared, both payable Dec. 31 to holders of record Dec. 16.—V. 165', p. 2131. Blair fornia); Lucky Stores, inc. will own markets Incorporated. ing agency); and Auto-Vend, Inc. will own & , 72,536 the directors declared an extra dividend of 50 cents per dividend of 75 cents per share on the common stuck in a the record whose changes and each present business consists only of holding the Lucky Stares, Inc., and also to di.salve Auto-Vend, Inc. which & C. Co. and has no oher business and to change Co. to Auto-Vend, Inc. of Dec^ 2, $2.75 Holdings Corp. will be the parent company, and will have the following subs diaries: Blair & Co., Inc. (security business); Lucky Stores, Inc. (chain food stores); Pepsi-Cola Bottling Co. of Los Angeles (bottler and distributor of soft drinks); and Auto-Vend, Inc. (vending machine business). Blair & will 134.216 ~ 570,050 income— oper. respect of land of to The 166, p. 1886. share 980. p. Upon completion of these structure will be as follows; If 61,193 6,963 *43,126 *90,880 $324,627 Canadian Celanese Ltd.—Extra 50-Cent Dividend— holds the stock of T. the name of T. & C. j 1944 $262,990 Balance • to Industries, §1 1945', •;:• 2,688,267 . of names stock Kirkpatrick-Pettis Co. Rauscher, Fierce & Co.„_ Kebbon, McCorm'.ck & Co._ - • Co., Inc.—To Simplify Corporate Structure— corporation stock ry. —V. company which operated the plant during the war, will use plant for the fabrication of rai road car frames, mine cars, road mats, long span steel joists and miscellaneous products. Completed early in 1945, the plant consists of a steel-frame man¬ etc.—V. common shs. 3,204,881 743,702 f railway-.'Al.' railway— from Net This site, of — contingent it shares No. of 46,895 from Net the ill- of : from Gr'oss approved appraised UNDERWRITERS-—The ' $673,138. sale . in preierred stock. Canadian company, a (2307) a par in 1946 . . railway—„ from railway ry, oper:-income— Net Bethlehem Steel Co.~Buy8 Government Plant-^ shell-casings plant of Cambria & Indiana RR.- -Earnings— 17,276,943 3,676.330 surplus four-fifths 1783. *10,652 v ■ income.— oper, From Jan. 1— A of $181,636 income 535,297 728,565 19,388,597 8,617,295 oper". income 166, p. 1783. p. 1947 from', railway railway—— ry. $1,867,128 948,786 ry. —V, $1,319,554 1,269,719 railway____ railway— from $2,048,209 $25 interest 166, $300,298 fr.om Net 1944 1 ■ - from Ne.t 1945 issuance authorized 54% a . oper. Net 1946 $2,519,800 income oper. Prom Jan. 1— Gross Earnings— 1947 from Net . v'' be railway: railway——_ from Net share 166, p. 1910. Bessemer & Lake Erie RR.- newly will from From Jan. 1—" October— through Bnrrington-Rock Island RR.—Earnings-— dividend per the $20 CHRONICLE on payame the year-end a in FINANCIAL Penberthy Injecior Co., Ltd.—V. ' will 1947.—V. 81 »/4 series 15. on quarterly and stock, Dec. that announces usual stock common year to take action the common stock. A was the preferred to holders of The the share per Dec. 27 have & Other for Countries, $42.00 per year. foreign subscriptions and advertisements must be made In New York funas. COMMERCIAL THE 1947 1946 1945 $730,515 278,983 $707,059 $575,712 $553,782 125,746 134,180 73,981 172,770 168,296 railway from Gross Net from Net ry. railway. income— oper. ly—This company, it was announced on Dec. 3, has sold to The Mutual Life Insurance Co. of New York, its $500,- 1944 October— 230,609 Gross ,Net income— J—V. 166, 5,121,123 1,238,490 640,454 the expanded postwar business of the company.— from 5,886,001 777,099 V. 2,328,669 813,994 1887. p. meet to 5,582,111 1,776,281 1,257,812 railway oper. ry. 6,594,704 2,258,756 railway from from 15-year note, the proceeds of which are to be used increased net working capital needs resulting 000 80,156 From Jan. 1— Net Monday, December 8,1947 Conant Real Estate Trust Cleveland Ilobbing Machine Co.—Places Notes Private¬ Ry.—Earnings— Chicago & Illinois Midland '■■■<*■ CHRONICLE FINANCIAL & 158, 1439. p. The Lund, which Louisville Ry.—Earnings— 1947 $1,533,411 458,879 October— Net tlet ry. railway from 1 railway from Gross Mr. 238,797 72,734 75,399 12,588.810 1,937,595 9,221,250 9,862,446 railway—*.4- from ry. 11,428,665 977,691 2,843,695 24,230 "429,507 1,587,252 3,832,553 2,302,152 oper. income.^. , Gross ry. —V. $1,199,696 610,219 497,876 $916,897 323,137 256,b54 14,406,893 4,502,705 3,681,673 income 166, 11.939,677 6,287,003 5,170,529 11,271,622 5,260,325 4,301,218 10,996,814 6,313,126 5,602,685 railway oper. directors The the on 1944 1945 $20,422,821 Gross from railway—_ $23 .048.164 $19,764,326 $20,055,676 6,133,612 5,159,833 1,840,431 Net from railway—___ 5 ,618,341 3,088,414 2,998,546 2,246,635 Net ry. oper. income— 2 340,033 railway from Net Net railway.— from __ Income.__ oper. ry. __ 166,041,311 193,995,291 21,603,239 42,697,503 9,627,947 23,749,869 13 106,305 189 ,405,919 36 043 072 this Dec. on Dividend— Co-—$2 Extra declared 4 extra an dividend of $2 per share stock, payable Dec. 23 to holders of record Dec. 11. the four quarterly distributions of 50 cents each already year, and the extra of $1 paid on Aug. 15, total payments will amount to $5 per share, as compared with $4.25 in this made ^ year 1946—V. 166, shares $6 C. A. 25 A railway Net Net ry. railway from 2,184,765 1,246,051 income: oper. Net railway... from ry. 145,511,881 railway from Gross 22,687,006 .. 6,688,555 income— oper. 133,895,940 143,210,027 19,484,457 34,840,973 7,887,870 17,993,654 record 139,418,163 Net ry. 3 166, 19,797,972 Stock Also Declares — declared the on common stock was one of $l from ry. —V. on for -Funds Produce District Trusttions Available— Net from ry. first mortgage that 166, Net ry. Net ry. railway from Net income — oper. Net ry. railway from Net —V. income 2208. oper. 166, 132,533,327 165,579,068 158,518,361 60,888,574 62,456.217 38,708,191 30,138,008 23,011,921 24,083,454 17,602,045 13,689,421 147,026,343 railway fnm p. 990 behalf on without of under¬ 1945 1944 ry. 13,925,435 4,911,171 2,409,145 Wyoming Ry.—Earnings1944 $152,249 $143,360 $122,703 83,163 51,039 36,471 63,189 40,266 21,715 16,549 3,322 $193,697 1,668,769 1,111,258 1,273,404 1,412,530 702,843 332,774 349,620 408,953 499,046 211,541 193,660 Minneapolis Chciago St. Paul railway..__ from When Ry.—Earnings— Net from Net ry. Iway la 1944 1947 1945 $146,426 $194,237 $159,151 53,877 "433 70,230 43,882 43,195 ' 12,238 23,793 Net Net ra:lwav from 166, ,333,719 187,737 968,859 income— oper. ry. "Deficit.—V. ,393,959 25,587,673 4,146,263 railway..-. from have of called been sinking the 719,509 1,403,177 1,396,626 1,375,605 4,182 22,704,099 5,390,036 2,891,992 RR.—Partial Redemption redemption on $420,000 of first for fund, March 1, next, for and refunding mort¬ due Sept. 1, 1962, at 100 and interest. Fayment will be made at the Bankers Trust Co., trustee, 16 Wall Street, New York, N. Y.—V. 164, p. 3049. series D, fund bonds, sinking 4 V4% gage This 158,292 201,600 258,259 "96,980 23,571 48,569 Ventas de Salitre y Yodo have There been Corp. (Corporacion de de Chile)—Partial Redemption called for redemption on Dec. 31, next, at 101 and £134,300 of 5% sterling income debentures. Payment in sterling will be made at the counting house of J. Henry Schroder & Co., London; in dollars at the office of J. Henry Schroder Banking Corp. in New York; in florins at the office of Nederlandsche Handei Maatsohappij N.V., in Amsterdam; in Swiss francs at the office of Credit Suisse in Zurich; or in French francs at the office of Banque De Paris Et Des Pays-Bas in Paris.-r-V. 166, p. 1784. interest, June Cincinnati Gas & Electric refractories .1945 price Div.— 26 declared Dec. dividend a 22 to of holders 37^ of cents record per Dec. 37 V2 cents on Sept. 1947.—V. 166, p. 1991. 30, was 30, Cincinnate, has tabli;hed Reeve Hoover, 011 Nov. Washington, D. C., last 22. March alumina by private a group, deposit in South 'Caro¬ widely used in super-duty of the industry. ceramic Satis¬ in mads Co., New It of York New of York the and the at being Clover, S. corporation concentrate body bankers. will be maintained company City, ore is corporation, aside from Mr. Hoover, who Minerals, Inc., are Clyde Williams of investment believed is kyanite The in readily of both in Corp. has petitioned the SEC for approval of the pur¬ its pro rata portion of 204,000 common shares to be allotted Cincinnati Gas & Electric Co. to its common stockholders. as the ownfer "of 319,976 common shares of Cincinnati Gas, be entitled to subscribe for 31,997 additional shares.—V. 166, at 39 Cortlandt calcined Cincinnati New Orleans & Texas Pacific from The quantity Net from Net ry. 1944 . railway— railway--- oper. _ $3,147,909 1,068,175 $2,849,620 899,513 456,481 $2,421,665 723,856 237,699 $3,293,775 1,259,846 607,088 411,808 form. Net from Net ry. —V. railway—— 24,572,828 5,793,241 income— 5,052,939 3,131,062 railway—. oper. 166, p. _ 28,734,223 9,745,455 3,603,779 Apartments, Inc., Cedar Rapids, la.— at a trustee, 3rd Avenue and 3rd Street, the close of business on Dec. 29, 1947, will bids for the sale to it of-4-4'/a % bonds due Nov. 1, 1949 to an sufficient to exhaust the sum of $6,984. Tenders must be made flat until price without accrued interest.—V. 120, p. 2687. Commonwealth Edison Co.—Weekly Output— Floyd the elected the Sept. declared 30, 165, Electric Illuminating 1 - is kilowatthour output comparisons with last the are percentage Week Ended— totals of the past four weeks 1946 consultant nominees of Bond the of Cities lirm law Gas Airplane Pur¬ E. C. Share firm Co., York; Nov. of of and York; Oswa'd L. Thacher and Bartlett, the board and a di¬ George Radio-Keith-Orpheum 20, Convair. director New Chairman New Chairman on directors Groesbeck, Simpson of Directors— elected Shaw, member H. Lee, Shaw and McCreery of Denver, 'arid Co., share, per This compares with and 35 cents on Corp., named were Vice Inc., Services, of Service cents 50 was Aircraft were: & law Corp., Vultee Atlas Iiich, R. the 2209. p. 30 Corp-—New Atlas of of the of Ebasco of of of 15. June 011 Aircraft selected Electric Sydney of New fill to 166, Boston—50-Cent Div. dividend a cents Consolidated partner York; tural Corp. company 3164. p. President directors other Johnston, director a Arkansas and Corp., Na¬ Howard, aviation consultant for Fairchild Douglas Aircraft Co., United Airlines and Atlas Corp.; Ben company, O. Corp., and Assistant to the President of Douglas Aircraft Co.; Richard C. Patterson, Jr., Chairman of the board of Ogden Corp. end of the New York Water Services Corp., a partner in Robert, HTler fir. Associates, industrial engineers, and a director of General Aniline Ac Film Corp.; Wi'liam C. Rockefeller, General Manager of Alvin; P. and Adams Associates, executive an Earlier, Avco of after aviation Atlas meeting a Manufacturing consultants; and Emmett McCabe, A. Corp. of Corp. the old resigned board, in favor nine representatives the of Odium, B, newly-elected nominees Chairman Board, made the following statement "Consolidated Atlas of in Aircraft the selection has "Atlas Vultee through and Corp., directors ations' my become the Corp., election of Atlas of various and hopes today in develop becomes affilated with nominees to the board the such many branches to of board. so-ca'led industry of this the of Nov. 20: on nine Atlas of Chairman as interested in past business the of part still one 'special as a the in rituof part aviation its field 230.680,000 225,632,000 213,029,COO 209,799,000 209,641,000 8.7 10.0 8 221,373,000 204.2il.000 8.4 231.586,000 Nov. 1— 166, several, weeks, next time my remain, to policies aircraft the of however, 7.6 Commonwealth more & Southern Corp.—Weekly Output— kilowatt hour output of electric energy of subsidiaries corporation adjusted to show general business conditions of weekly this served 313,814,480 week m in 1946, week ended Nov. 27, 1947, with 272,924,369 for the increase of 40,890,111 or 14.98%. for the compared as an amounted to corresponding securities The payment of to be V. 166, pavable p. and Exchange the $3 dividend Jan. 2. 1948 2101).—V. 166, p. San devote the major the pep/eral Calif." I shall at Diego, president of Atlas. the Consolidated company, dealing impacts on this particular indusfrv and project to produce the so-called 'Convair' as '' loses year 1948 in this connection drawing now almost seem Convair .airliner "The will be and should ready in to have close a " w ; , incurred during /the substantial losses been and further certainty. a is receive to be spring."—V. now its operation in the final several stages license- commercial 011 of the of/its in the country's flight tests, : future, airlines next ' 166, p. 2101. : Continental Can Co., Inc.—-New Plant Expected to Be Ready Aug. 1, 1948— A fibre and new converting paper Commission on Dec. 2 approved for the manufacture of "Leverpak" General Manager of the corporation's paper will comprise approximately 200,000 square a 40-acre plot. Price, factory The It will new located be on ,0 contract Co., Inc., began to the plant; was awarded to the John W. Cowper Grading and foundation work immediately. as not erect of Buffalo, N. Y., on Oct. 30. Manufacturing struction be the recently declared on the preferred stock to holders of record Dec. 12, 1947 isee 2208. • plant shipping drums is now under construction in Tonawahda, N.'Y., is expected to be finished and in production by Aug.' 1, 1'948, feet. tion Payment of Preferred Dividend Authorized— inviting bids for first mortgage will problems in airliner. A The major with the post-war particularly with its according to J. F. 2208. p. at .least,' I and corporation "Many serious problems confront partly % Incr. Nov. 15 4,135,725 Co.—Bids for of price. year: 1947 Nov. 22 Nov. $20,000,000 40 Vultee of other eight rector the of to stockholders of record Dec. 011 board The the Carnegie of trustee a Investment Trust, trustees Odium, B. during Electricity output of this company and associated companies, exclud¬ sales to other electric utilities for the week ended Nov. 22, 1947 Showed an 8 7'4 increase over the corresponding week a yeaf ago. 12,798,766 the purchase as a whole of an bonds, series due 1982, bearing interest from Dec. 1. 1947. Such bids will be received by the company at Room 712 "5 PuhU" ®"tiare, Cleveland 1, Ohio; up to Noon (EST) on Dec. 9.—V. 166, p. 1991. company of who is Fresident was 1947.—V. 28, "Heavy ing of chase of Bonds— The 25 paid current territory issue Josephs, 2, headquarters 32,043,637 1784. Cleveland C. division. 28.519,295 9.112,691 from market any Consolidated regular v From Jan. 1— Gross offering the of such caused by the death of W. Gibson Carey, Jr.—V. Dec. March and Sought— Rapids. Iowa, —V. ■ income. _ at Floyd Guaranty Bank & Trust Co., receive Ry.— Earns.— 1945 1946 1947 October—, time 15above Redemption of 3 V2 % Debentures— Nov. on "For and .) the market approximately the about at than more St., able to deliver various types soon after the first of the year. be developed is said to be of considerable size accessible ore rich in kyanite and showing Commonwealth Following 2208. Gross not successfully. of would u. to redemption cents C. will contaminating and raw common Corp., which now assumes management control of the aircraft company. low materials, making this ore particularly applicable to the glass industry. Stress will be placed on the quality of the finished product, which will be furnished in various grain sizes contain to pecentnges United The by the United, ranging from stock common payable Dec. 26 Albert R. finance construction.: chase for vacancy New Eckel of the Chilton Co., and Godfrey George Fercv and Richard E. Metz, all of Clark Dodge Rockefeller, & offered be common New Trustee Elected— of Dominion Doty, opposed. 20-year 3l/a% York, compared 1947, large kyanite branches been the of of Mr. S. amount one other in directors The Vice-President offered of e a progress Cedar Dec. was developing a si icate of is and announced was 307,004 outstanding principal amount for each share stock of the company at a into amount an shares and debentures, due Jan. 1, 1958, which were recent'y on Jan. 2. 1948, at 102 and interest, will be time at the City Bank Farmers Trust Co. or at the office of J. P. Morgan & Co. Incorporated, both located in New York, N. Y., upon presentation and surrender of said debentures. 3, production. Co.—Registers with SEC— with the SEC shares will be to-common stockholders (without underwriting) on the basis new shire for each- 10 shares held. Proceeds will be used to 011 companv the of debentures the Consolidated building a sizable plant at the mine site, near Clover, S. C., the company reported. Henry S. Doty, formerly Manager of the Kyanite Products Corp., is Pre ident of Commercialores, Inc.; L. G.. Wilson is Vice-President and Tre-surer, and N. K. Karchner is Vice-President in charge of factory 1 filed a registration statement covering 204,000 shares. (.$8.50 part common stock. The The it of purpose Kyanite Tenders • at action, will debentures $5 principal 10,116,716 100,159 payable payment corporation the lina. Offices Chilean Nitrate & Iodine Sales of convertible year-end dividend of 25 cents per share on the outstanding chairman, its as 435,897 1784. p. Chicago & Western Indiana There account 23,504,122 6,027,500 3,192,449 ralio price to be set 19,173 1,388,661 The board of directors has elected $2,357,369 convertible the ' for 1— From January Grbss 442,430 249,C42 income oper. 462,593 $2,^54,540 523,653 269,047 the be the of authorized 1 $57,382,600 was shares the Dec. on of vote favor of 2% in will redeemable $173,401 Nov. than issue The outstanding in more held meeting proposed a issued, and called Commercialores, Inc., N. Y. City—Chairman Elected— 1944 1945 $2,,544,058 slightly or of debentures. 296,922 Greenville both on date, special a shares the stockholders Omaha Ry.— Earnings 1946 1947 $2,890,276 627,769 October— Gross of Places of on at convertible of shares and & stockho'ders 74'/< 01 1945 call 2 convertible- feature amount 1946 Fob. Conversion Feature of Debentures Authorized— 166, p. 1784. on series 2,045,763 income cents outstanding 4,144,047 the Devercux previous the 13,079,441 railway a call to 228,477 income stock, 50 order in debentures 1948. 2, Following ■> bringing payments for the year to $1.50, against $1 per share for 1946. with proposed 1,173,351 . directors the convertible of 35 The with not 9,130,213 Commercial Solvents Corp.—25-Cent Year-End The Financing Postponed— attempt to meet the Feb. 2 call date in con¬ refinancing of the company's outstanding stock, because of unlavorable conditions in the preferred stock market, Charles B. Delalield, Assistant to the Presi¬ dent, told the New York Public Service Commission on Nov. 25. Mr. Delafield told the Commission that the presently outstanding 2,188,885 shares of $5 cumulative preferred stock are callable only on dividend dates and with 30 days' prior notice. The company originally announced its intention to issue, subject to Public Service Commission authorization, 1,750,000 shares of new preferred stock and $57,382,600 will cumulative preferred On common Local distri¬ . 396,830 railway share and for 10.081,049 railway "Deficit.—V. 197,600,000 kwh. increase of 7.2% the next date on which the series may be called is May l, 1948. Mr. Delafield told the Commission that the company still proposes to proceed as promptly as possible with the financing but that action will depend on future market conditions. income oper. with compared an Feb. railway from kwh. company nection $5 1784. from Gross kwh., 1946, amounted to 198.200,000 kwh., compared wiih the corresponding week of last year, an increase 9.2%. of From Jan. 1— $15,215,769 $13,402,617 $15,347,125 $16,219,457 5,058,179 6,195,137 2,880,861 4,010,488 2,334,808 1,410,851 1,531,657 1,833,543 From Jan. 1— Gross 181,400,000 The & oper. 211,900,000 electricity 300,745 railway from from 1944 1945 1946 1947 railway from of 234,985 October— Net to 1,758,191 Columbus & Gross Dec. 3 announced that System output of electrici.y and purchased) for the week ended N/v. 3b, on 40,086 railway p. Net Chicago Rock Island & Pacific Ry- —Earnings— October— bution The bonds income estate 95,265 income.__ oper. real 561,138 railway Net Gross for From Jan. 1— rv. of generated amounted held, —V. have not been presented for retirement or redemption will be paid at par, with interest to the respective redemption dates, at the American National Bank & Trust Co., trustee, 33 No. La Salle Street, Chicago, 111. These bonds have heretofore been called for redemption at various dates. All of the class A certiiicates of beneficial interest have also been called for redemption, and funds for the payment of the same are available at the above-mentioned trust company.—V. 166, p. 2101. outstanding so.d be share 1946 1947 from group project—will be a completely in¬ stores and entertainment facilities, $1,686,601 railway income from Board, National estate real 461,377 oper. Net the in nationwide a Estate of known $3,000,000 the corresponding week of for 1887. from Real director $1,321,761 October— u.c. Redemp- 1947, the Gross in Boston a is widely 201,643 railway- Colorado Brooklyn Co., is $1,084,058 railway p. Raw's. the 305,151 income... oper. 166, Gror.s Chicago Center—a Huston Development $1,193,152 railway railway from Net Net All SEC From Jan. 1— Gross a 1784. p. a the Southern Ry.—Earnings— & oper. Net d.str but on last 1946.—V. from 41,882,894 14. Nov. The 31, Dec. on to $100 at 1947 from Gross Net dividend of $2.50 per shaie on the preferred stock and a dividend of 50 cents per share on the common sto.k. both payable Dec. 31 to holders of record Dec. 12. The $2.50 preferred dividend brings 1947 payments, on that issue to $5 per share, as $2.50 per share was paid on Dec. 1 to holders , of directors The Colorado Dividend— $2.50 Preferred Chicago, with 1068. p. October— Net 50 Cents on Common To Pay 2,047,163 842,30a From Jan. 1— Net stock, preferred Inc., Co., filed 1944 1946 1945 $14,816,913 $16,761,824 $15,482,411 $15,279,200 4,538,646 3,565,729 3,431,030 1947 from Gross and 165, was Ry.—Earnings— Chicago & North Western October— notification of cumulative series lyn writing.—V. He Preferred Stock letter a and community of 40 retail parking space for 3,000 cars. The Nov. the of Boards. tegrated 1252. p. Colonial Ice Co., Greensboro, N. C.—Filing with SEC— On director Estate through his trusteeships organizations and banks. with director of group institutions a circles Shore W. of well-known real estate throughout the country. Mr. Luntl large a and a York New Vice-President Real Joseph Consolidated Edison Co. of New York, Inc.—Output— common Including 189,118,193 56,028,989 27,050,097 166, p. 1784. —V. of Greater with and Minot and J. Treasurer the financial recently (electricity From Jan. 1— Gross was Association 1887. p. and Vice-President and James being and trustee The company RR.—Earnings 1946 1947 October— 1944 North Colgate-Palmolive-Peet Chicago Milwaukee St. Paul & Pacific •:* income... railway from from Net "Deficit.—V. 166, p. 1887. : .e... lway______ oper. $1,293,580 591,424 570,052 $1,553,336 610,406 541,752 railway ra 1945 From January 1— Net railway from Gross Net ry. 452,156 From Jan. 1— Net Net $1,118,628 149,810 318.187 income— oper. $849,733 263,958 from 1946 1947 from Net besides as and of Coolidge, Co. Storer construction at Beverly, Mass. Mr. Lund has the Conant organization, joining in that into go L. investors, have acquired a substantial the North Shore Shopping Center, of owner trustee Storer, concerns Clinchfield RR.—Earnings— Gross 1944 $1,243,211 a Lawrence (Mass-)—New Interests— Theodore of group a Trust, soon capacity is 1945 will made been Development October— 1946 this in that announce representing interest associated * Chicago Indianapolis & trustees for soon later equipment for the new plant has been under con¬ months and will be ready for delivery and installa¬ new building is completed. This is expected to many as the than will be of the Aug. 1, 1948. Continental plant devoted exclusively to the shipping drums. The ether two, operated bv The Container Co., a subsidiary, are located in Van Wert, Ohio, and Reading, Pa.—V. 166, p. 1681. -This manufacture third fibre Co.—25-Cent Dividend— Fibre Continental-Diamond dividend of 25 cents per share, payable Dec. 22 to stockholders of record Dec. 12. A like amount was paid on March IV, June U and Sept. 22,. this year. In 1945, only one payment—10 cents per share—was made on March 18.— V. 166, Oa Dec. the directors declared 1, a 2209. p. NP? from Net rv 1 570,557 755,044 The directors Dec. on declaied 2 Dec. record March 1943. 19, March record of common stock, one and the other payable 19, 66,667,732 0,0, A than for any previous quarter of the at approximately $19,000,000 The said to be encouraging.—V. 166, year, with un.illed orders for new business was also outlook 2102, p. ' company Dec. on filed l • 166, 61,444,393 b',416,819 3,979,829 473 letter of notification with the SEC a 20,000 shares ($10 par) preferred and 4,000 preferred stock option warrants. The pre.erred will be offered publicly at $10 a share and the warrants will be sold to the agent at 10 cents each. Underwriter, be used will Proceeds Hartford. Middlebrook, & 9—V. 166, be will Dec. the directois have 13. made in Payments and cents July 1, of Plan were follows: Jan. as Grande Western 2, semi-annual of a and year-end of 50 cents; a ' 50 cents. recommended and approved unanimously have the which provides for a net stock of the corporation from $2,500,000 to $3,750,000, the reduction of the par value of the common stock from S5 to $2.50 per share, and the authorization of 125,000 shares of preferred stock having a par value of $20 each, issuable in one or more series. A special meeting of the stockholders will be of adoption The of 16 Dec. series first capital authorized vote to recapitalization of plan a the in increase held such of plan. the on pre.ened of 60,500 shares will be di tributed consisting stock the holders of the out¬ standing common stock, and without cost to them, in the ratio of one share of 5% preferred in respect of each four shares of common stock outstanding, the number of common shares outstanding remain¬ ing unchanged. The 408 shares of common stock previously issued and now held in the corporation's treasury are to be eliminated. The balance of the authorized preferred stock not to be distributed upon consummation of the p an is to be reserved to provide for the future financial' requirements of the business. The corporation has no pending negotiations or present plans for such future financing beyond the authorization of such additional shares in order to have available for such purpose 64,500 shares of preferred stock of the same class or rank as that presently to be distributed to holders of the outstanding common stock. While of the same class Or rank, shares of preferred stock sold in the future m&y not be of the same serie; as the 5% preferred stock to be distributed upon consummation of the plan. The proposed recapitalization provides for the capitalization of $605,000 of presently existing capital surplus in addition to an equal amount resulting from the reduction of the par value of the out¬ standing common stock, and also, as noted above, anticipates future financial requirements to provide for the further growth of the (he with accordance plan rata pro among The of holders outstanding the common stock will receive free the stock to be distributed pro rata pur¬ suant to the plan and thereupon wi 1 still be the sole owners of the corporation and in the same prooort ons. Faeh holder of 'our shares of common stock having a par value of $5 each presently outstanding will upon the consummation of the plan own one share of $20 par 5'/> preferred stock and four shares of common, stock having the reduced par value of $2.50 per share. Following consummation of the plan shares stockholder any distributed stock sell may him. to all or thereby his reducing without corporation the. capital 30, 1.947: Sept. surplus and on of part any the 51/ preferred his investment in the proportionate interest in the out¬ reducing standing com peon stock or in the voting The iollowing table, phows the' effect of plan Net ry. railway--"" from rights represented thereby. the consummation of the of the corporation as of accounts in 57/ of stock— one $20 consu m m a t io n ion of plan 166 p. ry. $2,500,000 None series t issued Gross Net ry. —v. shares 60,500 shs. 1,210.000 $5 2.50 par 605.000 -None- 2,040 par from s Net ry. figures RESULTS From Jan from Gross Net ry. ry "After FOR consummation MONTHS SIX of ENDED SEPT. 30 927,130 355,298 1,112,346 (consolidated) $571,£'32 $686,835 •Earnings per common share $2.36 $2.83 & . operations amortizat on—1947, Federal depreciation (after $14,964; income income 1946, $19,6321 taxes p. the 242,300 bn $4,908,727 3.209.409 1,982,524 1,779,472 1,802,157 35,856,020 18.002,927 29,895,995 14,155,669 8,186,188 37,314,270 20,175,4(2 38,143,541 20,872,422 11,032,664 11,313,296 9,673,992 income—. South Shore 15,908 NVpTipnP!_rviTr0meiriRRfl 423'897 ihuo. 022 036 465'437 575'82i p. „ .P. . Duluth Winnipeg & Pacific Ry. Elgin Joliet & Eastern Ry.—Earnings—■ Octoberfrom shares of common stock outstanding.—V. 166, 1992. ' Decca Records, 1945 1944 $225,500 $177,300 frcm Net ry. 25.418 1,276 '29,701 3.014,900 2,184,000 2.250,200 2,654.200 88,896 railway income-.... oper. pl ice. ' payable the Nel and Nov. on 359,071 128,159 300,067 21.555,989 4,123,801 4,587,301 893,974 26.818,593 6,157,889 2,380,203 28,818,115 7,164,002 2,733,052 income___ oper 9 ' . 30, M. on New Increased Snares voted 25 28.—V. to made 166, in 1888. P- to board, this corporation, at a accept an Dec. on 3 announced that di- special meeting in Cleveland, Ohio, offer of $7,430,000 by the Studebaker Corp. for the purchase of all of Empire's assets. The acceptance is subject to stockholders' approval and the offer price is subject to Empire's liabilities, which will be assumed by the purchaser. The sale was negotia ted by Hill, Thompson & Co. Inc., and Reynolds & Co., investment bankers, New York, N. Y. The sale price amounts to approximately $63 per share of Empire declared 2 1948 S(«el C«rp—Directors Approve Sale of Assets toJ.Studebaker Corp.—the Hill, Chairman of ' a cash dividend of 25 cents per stockholders of record Jan. 16, 1948. the year 1947, after adjustment for stock split-up on Oct. 24, were 15 cents per share in cents in August. A 4'v stock distribution was also Dec. on Jan. two-for-one ry crectors of 25-Cents distributions January 582.281 , railway from 4 ' im. cc directors cash 667,261 11,617.292 railway from Net m;°86 Set JrmopSUSma"" " •Deficit-v. 1944 $2,965,008 383,204 —V. 166, p. 1786. railway lrom 1945 $1,969,228 924.674 31,831,123 income—. oper. 1946 $2,744,784 From Jan. 1— Gross From Jan. 1— Gross ry. 1947 1,349 219 railway from jsret 1946 $266,200 45,4^4 "9,707 railway from Net Earnings 1947 $347,800 October— Gross Net $3,566,510 railway Gross • ™ through 1, next, -V. 165, p. 2545. . lbo, v. Jan. . . 3,613,878 £15.599 ueiic.u. on Electric Power & Light Corp.—Weekly Input— 56,998 3,539,833 t'80,227 railway." redemption for proved by the Board of Governors of the New York Curb Exchange. 46,431 from has called Electrographic Corp.—7% Stock Distribution— 3.476,440 281,252 _ corporation The directors recently declared a-7% stock dividend on the common stock, par $1 payable Dec. 30, 1947 to holders oi record Dec. 15, 1947. Application to list the 9,731 ad.dtional shares has been ap- 71,534 Net Me'., is now in full 1944 $376,507 87,026 1 45 $343,513 45,^73 1 46 $432,445 78.301 4,533,378 859,295 income railway from was to Io was most fortunate, he said, provided for at this time because of announced. suppiy years For the week ended Nov. 27, 1947, the System input 01 subsidiaries of this corporation amounted to 61,294,000 kwh., an increase of 10,511,000 kwh., or 20.6'/ , over the corresponding week of 194J.—V. 166, P- 2209. Atlantic Ry.—Earnings— & $521,407 122,432 railway Utah Mining Co.' Corp. \ The company record of is at and for special stock before for close cents each of on the basis shares of common par), two Inc.—$4,000,000 Bank Credit— Jack Kapp, President, on Dec. l announced that arrangements have been-completed for a $4,0C0,000 six-year credit.from the First National Epnk of Boston, to increase working capital and to provide additional fup.ds for the expansion and development of this corporation and its subsidiaries. Of this credit Decca is using $2,000,000 initially. This is tjie corporation's only outstanding bank loan.—V. 166, p. 1253. one share stock held. of payment of expire 3 p.m. (MST) Dec. incident to the sale and expenses, AND BUSINESS—Company was organized stockholders to act on the matter will ir„/u,wt inhnsnn Ppnsinn Torn Plan Adnnfpri EndlCOtt JOH11S011 CO! p.—tension nan Adopted pension trust plan under which this corporation will pay the entire cost of past service benefits estimated to be about $21,000,000 has been adopted by that company and retirements under , the plan will commence Jan. 1, 1948, according to an announcement. The coma pany employs approximately 22,000 persons. The plan supplements Social Security benefits. In addition to the cost of past .service benefits the company will pay the cost of future service benefits not covered by employee contributions, which contributions will be at the rale of 27/ of compensation. All contributions by both the company and employees will be paid into a pension trust administered by Guaranty Trust Co. of New York as trustee. The trust agreement provides that all funds in the trust must be used solely for the benefit of the employees and their beneiiciaries.—V. 166, P- 53. in Utah March Owns in fee a group of paten led lode mining c aims em¬ approximately 157.37 acres, together with an adjoining unpatented lode mining claim held by location, and owns an undivided live-sixths interest in an adjoining group of patented lode mining claims known as the Mountaineer Group, embracing approximately 14, of Empire holders it is planned to close the transaction on or about D02. M, 1947. it is expected liquidating payments to shareholders will begin early jn 1948.—V. 166, P. 1049. of such 13 and subscriptions are payable at office of Continental Nat'l Bank & Trust Co., Salt Lake City, Utah. An aggregate of 368,533 shares covered by subscription warrants issued to the three largest stockholders of the company are not underwritten. The underwriter, f. Eberstadt & Co. Inc., New York, has agreed to purchase from the company such number of the remaining 706,467 shares of common stock offered to stockhcldeis as are net subscribed for prior to the expiration of the subscription warrants, and has agreed to sell to Newmont Mining Corp. and Olin Industries, Inc. an aggregate of two-thirds of the number of shares of unsubscribed stock purchased by the underwriter. With respect to the remaining one-third of such shares, the underwriter may, as it may determine, hold all or part of such shares for investment or make one or more public or other offerings of all or part of such shares, either prior or subsequent to the expiration of the subscription warrants. The transfer agent for the common stock is Continental National Bank & Trust Co., Salt Lake City, Utah. The company has no registrar. Rights meeting be held on Dec. 19, 1947 and stockholders of record at the close of business on Dec. 5, 1947 will be entitled to vote. Mr. Hill stated that if the sale is authorized and approved by stock- the holders of its outstanding common business on Nov. 20, 1947, the right to purchase, at 30 cents per share, 1,075,000 shares of to offering the (10 stock, stock Common Stock Offeied 425,511 ' '"Based $5,245,622 3.220.267 $4,806,211 2.860,974 From Jan. 1Gross Morgan many fund bonds 11110 1961 at 101.90 and interest. Payment will be made al the City Bank Farmers Trust Co., trustee, 22 William Street, New York- N- Y-—v- 166, P- 1992. 1944 194o 1946^ 1,426,020 railway HISTORY Net power this for operation Of the sinking fund, $190,000 of first mortgage 31/4 % sinking 1786. oper mill In addition to Maine, the corporation has extensive holdings of woodlands in Nova Scotia. A jarge percentage of wood used in its plants comes lrom its own properties.—V. 166, p. 1354. Ry.—Earnings— i"47 from Net Lincoln fche vefy acute power shortage in the State of Maine resulting from inadequate rainfall during the year. oco 2,668,474 railway p. Net common 1946 Provision^ for 444,348 Mr. that 1— from common _1 from 3,597,600 1,788,575 5t>0,17 7 income— Duiuth subscribe $9,415,840 profit 3,385 438 1,508,141 October Gross $154,244 1947 Net 3,496,343 1 402.373 376,2o2 $4 895,763 railway oper. 166, the of Eastern New York Power Corp.—Partial Redemption railway from Net —V. 1,869,983 $10,796,880 sales 4,550 263 2,112,522 1947 oper. $765,411 a . 54,yb8 railway from Net 1,869,983 (consolidated). Ju the period of eight years. of common for 10 shares of 59 preferred, ratio of ten shares : L 5,702 October— Gro needs $1,250,000 plan" are reduced to give effect to the retirement of the common stock held in treasury, including 300 shares acquired after Sept. 30, 1947. Application will be made for the listing on the New York Stock Exchange and for registration under the Securities Exchange Act of 1934 of» the 60,500 shares of 5", preferred stock and 242.000 shares of coinmon stock of reduced par value to be outstanding upon com¬ plete consummation of the recapitalization as we.l as the common stock to be reserved for the conversion of such 59 preferred stock Net tnnn operation, $33U,yji The stock surplus NOTE'—The laa* 55,799 b89,349 pulpwood the The company's new power plant at Brewer, 1fld. xb-io 1785. p. of cmne. $244,o57 income oper. 166, East 1,210,000 surplus Line RR—Earnings— 58,438 lway la The corporation, which has mills at South Brewer and Lincoln, Me., has signed a contract for cutting rignts oi pulpwood on 110;000 acres ln Maine, he reported. This supply, he aded, can furnisn a large Steel $2.50 par par) (at treasury shares 1,706,691 $5 par 408 7,527,875 2,910,580 1,278,865 Dulllth Missabe & Iron Range Outstanding 242,000 shares $5 Earned The production facilities of this corporation, are operating at full capacity and demand is so heavy tnat output remains on an allocation basis, Claude B. Morgan, President, announced on Nov. 20. 1— railway from from made 500,000 Capital 7,120,072 2,394,481 1,474,267 I94tr income— oper. From January share, 125.000 shs. $2,500,000 in 8 163,259 2,649,686 $420,24_ railway from Net Outstanding 2,150,000 shs. t 189,782 1U.. Net Authorized 3,250,000 shs. par) Eastern Corp.—Operations at Full Capacity- 263,671 1947 railway—— from (10c feed and unissued shares.—V. 166, p, 1786.. -1944 $738,593 $474,639 200,38j October— Gross The par Held ' part Detroit & Toledo Shore The plan None stock— Authorized income— 1785. Duplail Corp. (issuable par more or preferred Common 10,819,641 4,582,809 2,486,917 _ railway oper. - consum m a t or railway. from from ry stock The l,075,u00 shares of common stock now offered consist of author- From Jan. 1— Net After Before Authorized, income___ oper. . Preferred CAPITALIZATION AS OF NOV. 19,1947 preferred 51/ of railwav from Net business. 00,500 will be available for exploration and development. Common Ironton RR.—Earnings— 1947 1.946 1945 $1,124,831 $1,000,777 $543,046 466,454 411,425 70,535 263,214 255,106 15,918 • '-tt $353,291 -- be, devoted to current expenses and that substantially all such funds 46,855,538 1785. P. Net preferred stock (or fractional scrip therefor) 5Vt in 166 —V. Recapitalization— directors qUiml USGS ■"'SSS.'SSf Imw Net 25 000 $130,047 Cunningham 0f the foregoing fundS( it ifJ expected that only minor amounts will ,nBlcoM 47,745,803 railway.: $38,992 41,323 _ 24,731 ! 'S ' _ Tunnei::::" r,u-u,oo6 i,26b,uji income From Jan. 1— from $5,560,U8 J'lM? railway from railway oper. Po _ $6,870,075 _ Total ___ ______ Fu"ds how available and to be available from prevent linancing for exploration, development and any other re- & bait Lake Hit.> . Net Gross 322.S00 $483 337 Coi' 01 rlBlus l° <*'«•" RR—Earnings— railway from Net March. 22, $1; ol semi-annual of a The 1947 extra an at - claims (including Denver —V offered Expenses connected of 5/6present offering of 1,075,000 shares Cost ot acquisition with interest in Mountaineer Group of 19J2. p. October— Gross being now Expenses—Preliminary exploration and development work in tne period April 1946-Sepi. 1947 (net) first mortgage & collateral received by the company at its Del., before Noon (EST) on Wilmington, Street , a . Denver & Rio Gross shares 3Uc »or sh",e $10 000,000 ^977 due series Market Marxec 600 600 of Durchase the for bonds Dec. 1,075,000 Total rtinc trust rffice office, Gross declared an extra dividend of $1 per share and a semi-aenual dividend of 50 cents per share on the out¬ standing common stock, both payable Jan. 2 to holders of record 50 24 731 per Co—Bids for Purchase of & Light Power Delaware October— Extra of $1— Davega Stores Corp.—Declares 3, ^arescionatedapproximately $0.4 46 to the company by Newmonl Mining Corp. at average of share ,. Proceeds of saie in tne period Feb. to Aug., 1947, of 5O,00J Bonds Detroit Toledo & Dec. $136,106 4,7661120 18,42oO<4 for working capital. On 65,922,008 Proceeds of sale of for Coburn 12t9i2.321 1785. p. Net Co.—Files with SEC (Conn.) Manufacturing Danielson The plants was Grove City and Vernon Mount the at a higher level to be reported current 57,023,573 6i71o!435 income"" income— oner opei. rv ly. mining claims. Proceeds of sale in March 1946 of 1,164,217 injury shares of 1Ncwm9nt Mining Corp. at 12c per share (restricted lo use on Uie claims owned by the company 1 1 1948. 19, both at Production Net —V. the on record 879,228 quarterly dividends of 25 cents two payable Dec. 31 to holders ot March 31, 1948 to luldeis of similar distribution was made on Sept. 2S, last, which was the lirst payment since Dec. 28, 1945. Two regular quarterly dividends of 75 cents each on the $3 prior preference stock were also declared, one payable Jan. 2, 1948 to holders of record Dec. 19, 1947, and the other on March 31, 1948 to holders share per 256,112 _ r,Smf'Qm lailwav i 10m jauway De¬ 836,550 incomel- , Gioss Cooper-Bessemer Corp.—Two Common Dividends clared—Has Unfilled Orders of $19,000,000— $6,761,439 2,016,726 railwav oner purpose of issue—Apart from,.ownership of its lb*j $5,3(6,972 70t,53J * 5 L1'.1 practically no assets at tne time ox tne purchase 91 shares of the company by Newmont Mining Corp. The funds now eld and to be availab.e to the company are approximate./ as follows: 1944 1946 $6,650,j77 1,446,382 1.847 $7 382,435 l-ailwav from (2309) Western RR.—Earnings— Lackawanna & Delaware Of tliber r.S^ chronicle & financial commercial the Number 4653 168 Volume 1922. Equitable Office Building bracing . Corn.—Stock Offered— ,on™ni,0tinn ihP rtf pm-nnrntinn under the A fin.al steP 111 the .? wnrtheim and confirmed reorganization plan sponsored by Weit fnkPn'nec 4 when T 96.71 acres. The property is located in the Blue Ledge Mining District, by the Federal court on Oct *4, 1947, was taken JJec. 4 when J. Wasatch County, Utah, about 45 mUes sovhearterlv of Salt Lr ke Citv. Donald Duncan, trustee, - ma-iled 1to stockholder s subsc:ription wanants The property lies easterly of and contiguous to several successful entitling them to purchase, at $3 a shaie 1/5 s ' , . mines which have produced substantia, quantities of commercial oresstock for each share of present stock held. S c _ . f containing lead, nine, silver, gold and copper. entitled under the plan to recewe without cost % of a shaie-of On March 23, 1945, Newmont Mining Corp. invested $136,106 in new stock for each present share. Wanants will exp.re at the clos^ of the company by purchasing 1,134,217 shares of treasury stock of the business on Dec. 24, 1947. win hOVp h«pn company at 12 cents per share, of which it now holds 492,217 shares, . . Consummation of the reorganization, it is expected, will have been or approximately 22.891/ of the 2,150,000 shares of the company effected by Dec. 29, 1947. . , ., . . hv presently outstanding. Olin Industries, Inc. participated in the purThe offering of shares to stockholders has been1 und w » y chase of the 1,134,217 shires b" Newmrnt Mining Corp. and Is presa group headed by Werthenn & Co ?"dne^ataiin^ «9 950 nnn wi'l ently the owner of 166,850 shares (7.76%).; another partripant .$3,103,554 which, together-with1 bank loans totaling $2,250,0M, wi 1 presently owns 73,000 shares, (3.63% ) of-the'-company. Newmont be applied to payment in full of tne corporation si S4f7j.4.0J0 prm^aj H „ Delaware & Hudson RR. October— Gross Net 1947 from from Corp.—Earnings- railway railway 1946 - 1945 ,1944 . $4,995,837 $4,529,403 1,083,322 $3,637,233 "2,514,082 $4,379,238 1,366.468 690,362 821,657 "1,472,603 794,736 43,920,267 36,665,585 10,399,627 5,667,634 39,105,578 4,819,355 42,600,466 11.106,516 5,007,402 3,444,296 2,271,330 7,391,062 N^t fy. oppr. income-__ 1,107,513 From Jan. 1— Gross from Net from Net ry. railway railway.^ opor. income-^- "Deficit.—V. 166, p. 1785. participants are the three largest stockholders of the company and have each stated to the company that each intends,to exorcise all subscription warrants received, covering Mining Corp. and these two rights to purchase an aggregate of 358,533 shares. In addition Newmont Miring Corp. and Olin Indmt-'ss, Inc. have'each agreed to purchase from the underwriter one-third of the shares not subscribed for by other stockholders. amount of 35-year 5% pinking fund(debenture . with n ere t acc ue< from Nov. 1, 1941. • ' f:,h ' aireffdv The corporations old first mottgaae 01 sio.ou<,440 . a_ _ a. y been refunded under the plan by a new first mortgage 01 514,/50,upo, arranged on more favorable terms with The .John Hancock Mutual Life Insurance Co. Treasury fund, we e used t°. induce t-.e amount of the old first mortgage. V. Ip6, P- 1889. , . „ ' G (2310) Erie THE RR.—Earnings— October— Cross Wet from Wet ry. railway railway 1945 1946 $12,855,985 $10,513,970 $13,573,029 3,731.353 2,994,075 "5,103,245 3,995,580 1,510,613 2,129,461 942,475 1,470,104 From Jan. 1— Cross from Wet from Wet ry. 105,383,215 119,711.652 133,108,575 215,682,048 13,982,449 20,995,323 42,040,893 8,984,388 3,569,922 12,810,348 6Deficit.—V. and 166, directors 25 declared a regular quarterly dividend 12Vj cents per share on the common stock, payable Dec. 15 to holders of record Dec. 5, and an extra dividend of 10 cents per share, payable Jan. 15, 1948 to common stockholders of record Jan. 2, 1948. Walton B. poration's made by Engine & Airplane Corp.—Sales Manager— St. John been ■vacancy caused 166, by appointed the Sales Manager resignation of J. stockholders increase shares, Dec. on authorized the and to pay •450,189 the of cor¬ Harvey Gray shares of will capital 100'// a 22 amendment. The the SEC preferred convertible The the of names the $10. at common under¬ shares preferred on from dividend stock.—V. the will be be Fishman Co., Inc.—November Sales 1947—Month—1946 $6,961,289 1992. p. Net from Net ry. $1,991,861 183,155 430,572 450,195 from Net from Net ry. 210,707 286,278 296,798 Dec. cents the shares to 2,000,000 presently outstanding been So. Oct. 1—V. \ > . The from 26,663,210 4,572,924 8,807,170 11,029,364 2,107,751 4,091,030 5,182,833 Corp., Chicago—Calls 4% for 15-year N. the at Jan. on 1948 1, at Chicago 21 the amended was company assets program.—V. Ferro so 166, additional the 1945. 11, and interest. that noted to Net from which the Net ry. consolidated of net it complete might its Of the tional find it construction Corp.—Loan 1 placed of Gross Net ry. Placed $4,000,000 loan, due proceeds held $3,000,090 by the used were insurance capital.—V. 164, Firemen's Insurance to repay and company like a amount $1,000,000 for of Co. of Newark, of stock common 70,000 shares stock at $100 each (par share. per $50) $4 31 shares held of cumulative Agent—National State Bank of Union Trust Co., Newark, N. J. Act Insurance the Co., State and of its Newark, offering J. Registrar, Jersey charter was in 1855 under incorporated into Insur¬ an Newark as Firemen's special a act Legislature ef th? State of New Jersey on Feb. 27. 1857, which designated the company as the Newark Firemen's Insurance Co. name was change:! in 1874 to Firemen's Insurance Co. of Newark, ISi. J. Company and its insurance subsidiaries are together known an The "Loyalty Group." The Loyalty Group consists of six fire insur¬ ance companies tne and two casualty following table: Group—Firemen's Fire insurance Co. companies, of Newark. Casualty Group—The company stock the Metropolitan the ot of New Loyalty writings for and Ahe United basis the indicated as N. J.; Casualty Insurance Girard of the v6,Q00 the as with which and surplus) the Group casualty lias Co., of than the l.'lOth Insurance the New of 1'; Co. of capital all owns subsidiary of of insurance the shares basis of 1946 year ranked companies the end of assets and total Pittsburgh annual ninth operating 1946, the of $4 stock the on a basis basis group alone, fire of companies capital in the on on company issued and sold privately preferred stock. The purpose of the cumulative (preferred the to to reduce and is commoni to provide' the company, volume continue of to premiums maintain written, its thus and position in to the will EFFECT TO PRESENT stock (par $50) "Under the charter stock is investors states the sale all As Net Dec. 15, 1947.—V. & Co., Trust 124, trustee, Fourth net —V. by 166, will declare to holders Jan. the Divi¬ rubber, an share per 1948 2, to to (all ID. A preferred holders of Chairman, of and sale stockholders common preferred that net gains), for capital dividends, net income securities, the estimated, cents di'tribute to interest and Federal no and dividends inco're profit net effective 25 accepted Harry Bell, it was Chairman 1, resignation the Bullis, A. tnx 2,500,000 shs. the company, in amended, as the $100 UNDERWRITER—Blyth per & in sold truck more 166, is continue will All the F. Boll succeed the greatly record-breaking 29.461 a sales than York.—V. 166, Production and sales "advance-design" last June.' June, have of previous when sales Reflecting Mr. line The 1941, represent 28,367 in the been actively with first demand month units by for trucks books are approximately 19') trucks. for During of Chevrolet's total from Net ry. Gross cumu¬ month be sold at on Nov. 26 filed long-term notes a letter of notification and $150,000 face amount without underwriting. reduce indebtedness and to carry on business. S'i with short-term Proceeds will the SEC used to the public sales These was figures prewar for $99,900 Sf( filed 28 convertible par without underwriting. capital.—V. 166, p. 2203. and a letter of •subordinated notes to with be the SEC offered of the unfilled last years were The 1947 electric outut amounted 15.1'/) or Public Utilities Corp.—Weekly to the over of this corporation 146,040,970 kwh., for the be with even lower recalled than that said, 166, the they crude that lower rubber wv-j 'U the on company's before were at advanced were tires, said. increase of "anticipation he he tires, recently time and it big a of costs reduced factor in materials," other have costs 2103. p. Western RR.—Earnings1946 1945 1944 $4,087,000 S3.687.000 $3,172,000 $3,158,000 645,441 621,341 726.377 891,680 . income 241,765 282,471 628,978 631,061 37.455.000 28,473.000 30,916.000 29,614,000 6,934,522 371,615 6,368.974 6,694,989 2.833,205 "2,262.764 4,124,306 4,332,645 . _ . income 166, 1787. p. payable ing the Dec. made was City 3, to 5 26 Steel cents declared stockholders to June on Co.—Declares directors share—was made per 50 15. A only 1946, In one payment—amount¬ Dec. en Dividend— of Dec. record of this year. 27. 50-Cent dividend a 26.—V cents 166, p. share, per similar payment 1890. Earnings— 1947 from from Net ry. 1945 1944 $19,245,895 8.766,772 7,542,313 1,754.531 8.681,789 4,586,269 5.343,221 4.032.544 3,803,494 159,572,445 138.950,553 173.751,407 175,260.208 42,507,330 30.841,964 49,314.082 G-,648.315 20,081,257 18,084,177 29,112.652 20,843,176 income oper. 1946 $21,837,503 railway railway $18,317,167 $20,246,519 From Jan. 1— Gross from Net from ry. —V. railway railway. income oper. 106, 1890. p. Green Bay & Western October— Gross Net Net of last ended ry. Gross oper. from Net from Net ry. The i66, p. 28, kwh., Raliway operating Tax Advalorem Fed. 1947—10 Mos.—1946 $2,105,536 exps. 203,349 193,424 1,953,867 518,061 430,4152 479,324 578,942 92,993 98,173 75,632 147,559 Mountain took Power action no Corp.—Defers Preferred the on made quarterly the on 161, p. to $6 and dividend cumulative share $6,425 $151,669 company 7,333 $14 Jt. miscel. The including Sept, 2, preferred stock Net share (Conn.) Nov. 5,374 62,280 53,740 of holders and 6,981 4.095 66,580 37,423 to $7.50 per (no par) filed 158, p. letter of notification stock, to be a common underwr ting. offered Proceeds will with the SEC stockholders to be used to pay 1337. be for 3,632 3,510 34,064 32,078 "$31,574 *$6,553 *$11,255 *$36,671 10,665 10,093 108,520 108,146 Dr) 2,036 1,961 20,548 19,926 income.. "$44,275 *$18,607 *$40,324 *$91,401 income.- 2,171 1,684 25,809 14,344 - Dallas, Tex.—Files with SEC— used on unsubscribed common capital and surplus.—V. $30 lo the 155, p. 1013. public. Proceeds will Unem¬ Insurance oper. income rents (net rents Dr)_. (net cper. Nor.-cperaiing Gulf Mobile & Ohio RR.—Earnings— October— Gross Net "$42,104 from Surp. applic. from *$16,923 *$114,515 *$77,057 income 311 191 2,452 2,153 int.__ *$42,415 *$17,114 *$116,967 *$79,210 to Period— Week End. Nov. 2.1 —Jan. 1 to Nov. 21— 1947 Operating revenues —V. p. 2209. 1946 1947 1946 $46,200 $44,050 $2,249,587 $2,139,337 RR.) 1947 from railway railway cper. 1946 1945 • $6,873,977 $5,716,789 1,167,601 7,96,065 663,609 388,680 115,701 60,501,330 52.992,611 63.028,390 15,200,569 6.544,7.97 5,799,971 income $5,561,326 1,842,673 — railway "628,701 13,624,868 6,275,499 From Jan. 1— Gross from railway Net income 166, on par 1947. amount now no accumulations Gas Co.—Files with SEC— 25 without loans.—V. company 6,228 - 1938-_ ry. stock, of Nov. 25 fi'ed a letter of notification with the SEC 110,000 certificates of rights to be exchanged for common in ratio 11 rights for one share of common. Price, $27.50 to present stock¬ for Taxing of facil. preferred account on Div. payable 2786. on shares a construction $159,912 Railroad Equip, ordinarily 1,844,525 "$14,732 Accruals: ployment 2,393,462 $2,004,437 1937--- Fed. 2,276,809 Dec. Arrearages at ry. oper. & 2,245,151 1, 1947 on the $6 Distributions of $1.50 per been The $199;849 Railroad Act 20,392 2,574,516 Gulf Insurance Co., Railway 11,196 1890. p. share.—V. for $188,617 revenue-. from rev. 42,254 2209. RR.-y-Earnings— 1947—Month—1946 65,850 10,727 income directors about had (Including Statfesboro Northern Ry.i oper. $253,985 51,764 railway, oper. 166, Greenwich Period End. Oct. 31- 1944 $239,120 77,458 income railway Green the Nov. 19,165,293 year.—V. 1945 $263,589 54.127 From January 1— 166, Output— of 1943 $275,110 railway railway from RR.—Earnings— 1947 from orders before trucks.—V. week increase an corresponding week Georgia & Florida at Proceeds .will be used for additional working- that out prices passenger-car truck crude advance an Vice-President, company's on including necessitate rates, 1947 cper. Dec. from Net railway railway oper. income "Deficit Acquisitions Approved— The notification Rise— material, conditions, "Deficit. Nov. the 1 5'/) railway. Granite On value. General Gross Fidelity Electric Co., Inc., Lancaster, Pa.—Files with on this, "Deficit.—V. —V. to SEC— company frejtui on He railway railway- from ry. or Deductions The and (Including Alton notes, be labor 5'/2^ the Trunk oper. Net Net company in above still 2. railway Net new consumers. over sales H. T. the 2209. p. insti¬ with SEC— $150,000 67/ will was from Net 1947, by truck for to the to sold. were dealers 19 since announced was record-breaking commercial October, Nov. on steadily Keating pointed out that approximately 31'/ Ry The Dec. pointed of from on become single previous any climbing States during announced was trucks United increased an Chevrolet war, 1947, Fidelity Corp. of Michigan, Grand Rapids, Mich.—Files for 586,241 Co.—Tire Prices and 1992. p. 2,011,673 660,599 October— him, committee appointments trucks reported in have been 35-year history, it Keating, General Sales Manager. Act New 2,172,392 171.883 ni ;ner increased.—V. Gross office 1682. p. Chevrolet's share. Inc., 761.627 increases with June instead General Motors Corp.—Chevrolet Truck Sales Climb— Chevrolet cumulative series. Co., 5,506,059 258,754 slightly reduction Net to newly-authonzed progress. 1948.—V. Railway 2,000,000 shs. the last prices Gross James to named was announced, of of President, Vice-President, technological Jan. 5,623,223 distributed. Inc.—Changes in Personnel— elected as and 65,451 4,591.620 1,080,205 tires, prices average under share. per intenticn from as income net on is 69 or Company, it is the of Executive Mr. company finance 71,313 From Jan. 1— long-term about $1,129,000 at Nov. on and President. the 13,457 Great Northern Ry. F err in. N. Net of 15,425 October— as $519,840 185,670 record is company General Mills, directors 1944 210,774 _ Eifective of Newman Net Ihe en 1945 $549,756 70,204 5,040,142 cost service Mr. the on Dec. 1946. 24, 1946 $465,671 .95,942 selling price of tires, James J. Newman, average farm 1478. p. 2.510,918 1890. Goodrich combined the security profits or losses during the rest of from; dividends and interest for the year 1947, taxes from 2,881,429 1,727,696 income F.) Grand dividend record of Dec. on $1.12V2 of letter a Investment the 2,073,362 41,515 on income profit 8,631,927 354,793 1787. p. the 1674. p. „ substantially all of this year's and 229,622 $494,665 income Substantial share, per Jan. 1, next, $47,100 of interest. Payment will be Pa.—V. 24 securities 1947 Regulations, regulated 104,834 8,062,354 1947 oper. 166, (B. $0.35 cents approximately $1,311,000 or 80 cents per shares outstanding; the final amount for the year expenses, Tax a Dec. pavable in of Dec.'2, necessaiily depend 70 000 shs issuable at declared, 1,638,898 on after on Outstanding Subsequent to Aug. 31, an initial series consisting, of 70,000 shares, designated as $4 lative preferred stock, was sold privately by the company to tutional 10 " ended 41,455 6,436.611 826,856 railway railway from 100,000 shs. _ $4 cumulative prof, stock Common s'tock (par $5) preferred been December. and FINANCING Authorized preferred Bank share was made per 269,256 529,442 railway oper. ry. on and par directors payable $1.48 company Income net CAPITALIZATION, GIVING "Cum. at quarterly dividend from share the be 1944 $865,505 143,691 46,791 from —V. Dec. 15—Earnings Estimated— next, 1945 $737,080 $26,706 $1.13 of record of redemption bonds 1947. 18, pericd enable fire industry. The volume of premiums of the Group rapidly in recent years and such rapid increase tends the ratio of capital funds to premiums written. proceeds to be received by the company from the sale of the common stock will be a minimum of $1,047,342.80 and a maximum of $1,077,458.30, and the net proceeds from the sale of the $4 cumu¬ lative preferred stock were $6,917,000 (alter deducting estimated •expenses of $83,000). Such proceeds have been or will be added to the cash funds of the company or. through contributions to capital surplus, the cash funds of one or more of its insurance sub¬ sidiaries. Such cash funds are proposed to be invested in securities which are qualified as legal investments for such insurance companies. The shares dividend a Street, Pittsburgh, on 1946 "10,904 From Jan. 1— Net 1946 1947 $34,566 stockholders to 41/2'/< to of usual The funds. insurance increased ry. has called for 15, has Dec. stock Loyalty Group, with additional capital and surplus improve the relationship of the capital funds (capital to The s and the the to Net 2.434.195 Peoples First National stock distribution premium among company among 22nd on net On Nov. 6, 1347, the of 5,647.445 1,950,135 declared 1948 Wood Dec. Leslie shares of which in turn stock figures, ranked 13th financing head the on At admitted shares present 4,123,322 731,021 Insurance Co. insurance published ^PURFOSE capital calendar States. of Investment of of Co. outstanding except less Franklin Fire Group, casualty basis the above, National-Ben Commercial Casualty aire of Jersey shares listed the The all owns outstanding companies On The York; Commercial Casualty Insurance Co. have Meeting incurred Insurance jr<L."Y Marine Insurance Co.: National-Ben Franklin Insurance Co. •ox Pittsburgh, Pa.; The Concordia Fire Insurance Co. of Milwaukee; Milwaukee Mechanics' Insurance Co.; Royal Plate Glass & General Insurance Co. of Canada. The 1,620,981 1,745,906 Gross 2, the common 2209. 1>. 6,506,335 railway railway from General American Investors Co., Inc.—Common dend The an Net in and 166, $622,991 railway but preferred N. incorporated was New tne or 14,112,370 3,574,756 mortgage at profit GROUP—Company of made 9.—V. Dec. 83,788 from 13.813,925 income company second to are Georgia Southern & Florida Ry.—Earnings— 9,991,749 1787. Jan. Avenue proposals $683,352 October— 12,095,128 759. The stock Transfer LOYALTY 182,951 Gross directors p. purchase the for the service company., (N. Y.), 20 Pine Street, New York 5, of Earnings— cper. announced. (par Privately—On Nov. 26 the privately through Blyth & Co., •company issued and sold | 467,877 194,596 Fullerton-Portsmouth Bridge Co.—Partial Redemption the Dec. 3, 1947, expire at 3 p.m. (EST) on Dec. 16, 1947. The has been underwritten by Blyth & Co., Inc. Preferred Stock Placed ance 426,663 171,051 N. J.—Common through the exercise of subscrip¬ tion warrants, at $10 per share. Subscription warrants Fidelity 278,435 119,695 Sept. 30— profit after Federal taxes Earns, per share on 75,000 outstanding payable right to purchase 120.462 shares $5) at the rate of two shares for Inc., 281.777 Months Ended The of per $1,527,474 railway p. from Net addi¬ 2286. p. Offered—Company is offering to stockholders on $1,417,708 Fry Products, Inc.—Earnings—10-Cent Dividend-r Nine quarterly dividend dividend of 25 cents office the corp. income oper. l'j. 1944 1945 Privately—The 3%% at New York Time on a.m. income "Deficit.—V. 166. p. $1,118,504 .- railway oper. 166, 166, record 1946 Net working Stock railway from regular a year-end 1947 from Net $1,284,437 railway from ry. and 1 From Jan. 1— Denver City Ry.—Earnings— & oper. 'income Net privately with the Prudential America & Southern railway railway from trustee, From Jan. 1— Net Oct. 1, 1962. obligations Bank extra company, from Net 111. 1947 from of indebtedness 507/ to money National —V. company on Oct. Co. First 2102. p. Enamel Insurance increase to as the . borrow to ii-ecessary with agreement incur for borrowed money from 45 r'< The company may tangible loan mortgage June 1787. p. the to Y., before 11 Gross Sept. 100 City National Bank & Trust Co., Street, Chicago, October— Gross Oct. declared an October— Debentures dated debentures 4% redemption be made LaSaile Fort Worth Amended— On and 166, Commonwealth presented Gross Agreement first 3') $300,000 1787. p. company is inviting sealed, written proposals it of $h\000,000 lirst mortgage bends. Such •24,997,887 1681. Department Stores, Inc.- -Bank 166, Georgia Power Co.—Public Invitation for Proposals—• Net Federated of maturing common 198,880 outstanding called Payment will 208 year. a balance 1787. p. the of have the $3,000,000 directors share the 2,861,610 Forman Realty All to proposal a be in $6OU,0C0 payment, inclusive.—V. 1953, the 2, per on 21,570,477 income__. oper. 25 be railway 166, to 22,246,747 railway exceed will Georgia Hardwood Lumber Co.—Extra Dividend— 457,165 From Jan. 1— Gross profits $2,002,166 * income oper. lt)49 1, On tn 1944 1945 1946 $2,063,479 $1,881,716 railway l stock, both payable Jan. 2, 1948 to holders of record Dec. 15, 1947. An initial distribution of 25 cents per share was made on July 1, 19.7, which was followed by a similar payment "419,948 railway___. Dec. foregoing outstanding share 1947 from the Alter Lower— $o,923,171 ii prepayment 1947—11 Mo.?.—1946 " $816,lb7 Florida East Coast Ry.—Earnings— Capitalization— 675,000 p. paid $1,300,000 on Its first mortgage 3'// due serially to 1953, comprising $300,000 due Dec. 1, 1.947 and prepayment of $500,000 due in 1948 and $400,000 due Dec. 1, 1 53. The $400,000 completes payment of that amount subject to for used Debt.— Corp.—Reduces Castings on Georgia RR. approving on 166," will Proceeds Steel corporation bonds H.) 166, —V. vote stock stock capital in earlier - . Falstaff Brewing Corp-.—To Increase 100% Stock Dividend Proposed— The statement with cumulative stock. * £209. p. by 5% $747,327 —V. division, according to an announcement Ward, Jr., President. Mr. St. John was formerly Manager for the Piper Aircraft Corp. He fills the Sales year.—V. has Planes Carlton General and October— Personal J. common Period End. Nov. 30— Gross Fail-child General bonds Dec. 1786 p. filed $25 at <M. of 166, be par) par) Sale? Nov. on will registration a ($25 ($1 investment. 1889. p. Nov. 26 filed shares 36,000 100,000 shares priced Manufacturing Co., Chicago—Extra Distribution— The —V. The company on covering 16,708,637 income... oper. Ero 125,306,912 railway Monday, December 8, 1947 The writers railway CHRONICLE SEC— 1944 $14,582,(565 income... oper. FINANCIAL & First Guardian Securities Corp., N. Y.—Registers with 1947 from COMMERCIAL control ICC on of the Nov. Jolict 24 & approved the Chicago RR. acquisition and of by further the company of control of' the Louisiana & Missouri River RR;, through Stock ownership. ■ - s Authority also was granted to Gulf to issue not exceeding $2,736,000 first and refunding mortgage bonds, series B, due 1975, in lieu of i k2 a amount & of bonds to bi excna.iged B u.id 7% guaranteed preferred stock of Louis.ana RR,. on the bas.s of $150 of bonds for each share Chicago RR. M.ssouri & refunding mortgage 5% bonds, series C, for capital stock of the and first of the series 19.. Si due Joliet THE Number 4653 Volume 166 River stock.—V. 186, 1890. p. * .company's Cdfnmon Stock Exchange. Prior tion Gulf the Oi major Mr. Gray nies for many in the same area and the litigation of in'the United States. Both Mr. /our.g the Law Department of t..e GuL compa¬ companies importance ana elsewhere have in been years.—V. 165, board actiwii no Jan. 2, year. passed Net ry. 1945 $837,764 $1,009,282 412,178 282,954 228,071 451,913 income 203,825 127,554 98,327 152,527 9,797,937 7,823,195 9,330,868 9,716,778 3,219,170 1,864,922 3,575,076 4.409,321 1,495,049 757,232 1,119,241 1,197,734 oper. 1944 From Jan.'1— Net from Net 166, . _ income oper. ry. —V: railway 1788. p. Uncollectible ' oper. __i- No to reduced.—V. 166, prices. of added He that al¬ is' doing a large volume of business, costs have .profits, and, therefore, profit margins have been than more trend inflationary in view of the though the company Athens, Co., Manufacturing See $238,038 $2,274,340 at par and 238 2,268 2,031 $237,800 $2,272,072 $2,029,143 170,835 209,948 i;495,009 1,816,007 its Oct. 1, and AND 'Net Net 50 50 450 450 28,795 32,548 232,397 Net ry. 272,283 _ taxes operating after —V. $29,064 income charges-. 166, $34,367 $223,218 $261,404 20,672 87,437 145,594 • 12,057 the Principal and semiannual Cit.zens & Southern National Athens, in Ga., the t.me principally only product the of "D" the became of the type. largest was company business The oper. revenues- si,555,636 $17,367,852 $13,435,343 1,344,843 13,175,506 14,257,659 $1,961,278 expenses- 1,553,890 Net fr. rev. Railway & Ohio the manufacture on together baseball of and baseball of the with these are and producer softball manufacture softball and Net ry. $407,380 $210,793 $3,110,193 107,854 88,750 1,069,849 RR. bats jt. fac. 93,653 1,672,300 ry. $28,390 $368,044 *$2,025,758 4,332 4,141 46,976 35,345 i.:__ begun was The Net s.nce the of fixed $32,531 $415,020 *$1,990,413 3,389 3,232 33,974 33,581 41.612 41,367 414,830 1946 1945 $333,101 $294,243 $411,927 123,687 102,008 242,975 $.'3,784 *$2,440,916 charges com¬ income ENDED JUNE YEARS DATA, 59,943 24,737 107,708 3,714,556 3.517,730 1,803,832 1,241,650 1,874,587 1,896,598 807,671 562.611 775,641 827,423 < $38,782 - ''Deficit.—V. 166, have Custodian corporation received of one distribution realized 35 Stock of Fund 42 like dividends two in amount of 1946.-— share a June 14, 42 the 166, from Appreciation regular semi-annual dis¬ Keystone Investment Bond a the shares shares distribution Keyston all Dec. 15, 39 cents, and the received $3.22 and 85 are payable 1947, 1947. 30, "K2" the on semi-annual regular a special a and distributions Nov. These cents. respectively.—V. a record last, and share, a "K2"; share on These of Inc.—Distributions— announced Series ccents "Bl." shareholders On cents 29 profits, also of 35 cents Series Fund to of Funds, Nov. on in received 1946' "Bl" cents, 1891. p. Lake Superior & Intcre Of & Income l ihe Aviation Net Profit Income Taxes Taxes $'.3,618 $4,635 $9,012 from 18,433 7,839 10,566 358,804 14,044 5.170 8,873 share to sale net this 10 315 24,301 amounted 8,715 27,434 Aviation 466,944 27.334 9,580 17,784 1943. 393,155 27.532 3,583 23,943 1944 The 8,400 4,280 4,120 466,777 .... holders 50,213 23 377 27,836 1946- 700.685 104.533 58 775 853,891 44,705 18,719 or (not made Aviation of part Group cents losses, A on 0.16 the cents profits or losses represented After less realized giving have security profits 30 cents per privilege of in additional at 1947) 1480.,' a rein¬ for part a moderate require intended increased $50,000 company's work ng Commo.i —V. (this stock 166, issue ($100 of materials raw and will is and for a will increase lc go October— Gross UPON SALE OF from ry. DEBENTURES Net ry. 98,300 Gross from ry. —V. Net from Net ... ry. A. 1946 1945 $2,655,782 820,485 818.343 sharfe 80,049 17,437 274,847 289,848 Dec. 24.471,984 22,176,733 24,719,797 25,598.235 National The the $5 City Bank of New York has been appointed value common stock.—V. 166, p.'1150. par registrar of is trustee $2,496,000 3,766,229 2,967,999 7,127,229 7,745,219 918,804 273,542 2,846,562 Co.—New years.—V. 166, for 16 1,384,8.35 738,441 749,645 President, holders made mature to in purchase of share. will The March on usual of It. announced was and dichlorbenzene, para mediates tion's and for plant around Dec. 011 Jan. 1, pilot chem.cais mothproofing, Memphis, at that 3 is widely Fu.l production used under now Tenn. plant scale industrial as inter¬ the at way corpora¬ is expected product.011 Robert of after the before long for The by the War these Assets November, Administration 1946. It uses from The chlorine, produce with the against the rock acldit other and salt, on or used 166, followed transformer is in the reduction reduction the United product'on obtain base in chlorine material. raw nickel refined effective becomes the in the of The International Nickel Co., Inc., reduction of IV4 cents per pound in the a United and the Jan. States of Jan. 1, 99.9'/ will be 3334 per pound. affected —V. 166, nickel cer.ts per "The (Charles E.) Earnings for of nickel of announced 50 '/< Nov. on sales Net for through benzol larger against Sept. $1.50 30, 1947, share per and quotas $9,548,295, to This year. 1946, the return to increase an increase made was it Ry. operating Net rev. in excess possible non-rationed a by basis stock Jan. In addition, considerable a number of new franchised bottlers 1.censed. were The increase 1947 year estimated required Tire plant amounted that for volume of V. p. equipment the during the depreciation, and after net coming account year an additional fiscal it is will be $522,848 is $475,000 purpose. in inventory new bottles to largely; due and $880,084 to during this increase 166, the in business and for the and the year cases just closed for the of of new plants.— 1255. The demand field newspaper for printing is newspaper war mately Mr. Hoe the the General in the to for and color planting years for magazine of all press equip¬ printing, whereas prior 95 permit multi-color added: "The company presses and February, 92 facilities were in represent $10,902,965 $3,710,553 158,842 3 507,237 2,882,960 158,404 112,334 2,626,677 2,131,017 75,665 2,269,125 Company has already shipped many of the orders on its books for many mill'ons Mr. Dressel of just dollars, and stated.—V. 166, p. tlie newspaper thousands 1584. was fund Co.—Securities of and tons announced the in on bonds, National financing of (Fabbrica amount of accrued interest.—V. Dec. due Bank Street,-New York, N. $117 Jardine In addition automobiles and 166, Y., on 149, 4 that June of each per Automobili Isotta Gross of 'equip¬ ager Mr. of. the Vandel 011 the Feb. 30,600 2, 1948 1945 1944 $200,472 $219,131 83,337 31,624 51..309 28,066 17,065 17,186 2,522,653 2,2 L3,509 2,587,730 2,673,662 695.051 594,969 808,066 909,405 184,336 183,375 224.815 222,339 1947 1944 $571,969 $551,093 373,354 249,703 179,414 192,359 205.652 144,498 105,273 111,678 6.137.291 5.540,287 4.774.707 5.359,826 2.214,529 1.676,513 1,118,847 1,259,411 989,636 757,069 1,868.199 1,124,399 income 1— from ry. 1945 $646,498 railway from Net 1946 $824,125 railway railway--.... railway —V. income oper. 166, 1789. p. Gross 1, holders 1942, of first could mortgage present such 7% sink¬ bonds to City of New York, trustee, 11 Broad and after Dec. 5, 1947, for payment in the $1,000 p. bond in respect to principal and Net from Net stock was formerly associated company, make the his largest with offered Dec. 2 at Porter Brothers Vice-President and gold headquarters mine in 1945 1944 ry. operating Jardine. as General in $6,658,300 $6,219,405 $5,800,712 7.647,887 1,204,630 1,166,169 1.138,077 2.108,576 476,111 railway 739,415 564,761 1.563,512 railway income oper. From January 1— Gross from Net from Net ry. 166, 60.497,841 55.500,326 67,143,878 ,701,831 10,654,535 9.799 464 14,373,996 .280,799 4,216,724 railway railway 4.162,337 4.361,538 695,687 income oper. 1891. p. Libbey-Owens-Ford Completion company's Glass Co.—Boosts Thermopane chief Man-, Montana. of equipment improvement program in tho at Toledo, Ohio, has enabled the com¬ extensive plant an Thermopane the iirst time since the war to keep pace with demand for the double-paned insulating glass, G. P. MacNichol, Jr., Vice-President in charge of sales, announced on Doc. 5. for pany Devoted 4032. common 1946 1947 from Output— the engineer, has become w.ll share payable 1789. 1891. oper. Net of plastic bomber noses plant was converted a year the company's insulating window consisting of two or more panes of glass separated by a dry-air space and permanently sealed around the edges by a metalto-glass bond. The conversion program included the engineering of production lines 300 feet long for processing the, insulating glass/ Mr. ago MacNichol 100% and during assemblies in to fighter production the manufacture aircraft, the last said that year by stepping up production of Thermopane delivery schedules had been speeded factory contributed to the nation's commercial which has totaled more than $3,600,000,000 thus the company had materially in the Thermopane, of revealed. MacNichol construction far the war for for quantity Mr. and per p. 1946 income p. from ry. Frasr (Mont.) Mining Co.—Stock Offered—An issue shares of Vandel, 166, 8,745 railway railway from —V. operation. consultant cents declared, $280,363 October— Gross appliances. share by Sulzbacher, Granger & Co., New York. Proceeds will be used to improve the efficiency of mill magazine was 55,244 October— a Gailen the 1947 Lehigh & New England RR.,—Earnings— and of 62,500 for issue Placed cumulative preferred stock. is engaged gold date, to the on four Lehigh Valley RR. —Earnings— Securities Fraschini Chase $1.50 newspaper in ing paid dividends common payment per payable the 1,761,553 approxi¬ has color-conveftibie .'"These outstanding shipments ment," 1947—10 Mos.—1946 $685,711 financing will be used for working capital. new 96'j also 1948.—V. income oper. From Jan. $500,000 subordinated debentures have been purchased by Mutual Life Insurance Co. of New York. Proceeds of It printing units and 18 folders have been shipoed by Hoe to outstanding American news¬ papers. Impressive shipments have likewise been made to magazine publishers. fields America—Earnings— 123,485 shares of 4x/fe% The magazine Interest in them continues unabated." Since stated. Privately —Company has sold privately to insurance companies through Stern Brothers & Co., Kansas City, Mo., 5,000 and the proportion. color-converible more. Stanley Mr. eliini), Italy—Payment Made to Bondholders— Sales "numerous" were demand opposite Dressel United unchanged," 1788. Interstate according to Arthur Dressel, Manager, who sa d that satisfied, and received during the past several presses ordered will be built the equipment press from far Vide-President inquiries and orders ment price of 35 cents States are not present the price for refinery 1 Hoe & Co., Inc.—Demand Continues High— Executive the outside Ontario, 207,432 for fixed chgs. 168, p. Isotta (R.) contract $991,778 opers. income —V. increased company necessary start.ng of avail, Net ry. cents to $271,092 railway from ry. 1947—Month—1946 revenues. from of was 15, railway from 011 July 28, 1947. Also curing the year new company plants were started imBuibank, Calif.; New Orleans, La.; Milwaukee, Wis.; and Newark, J. Gross Net Period End. Oct. 3.1— to was amounted in Inc. amounted year preceding sugar ending year per.od share per total quarterly 60 added When 1947. 1, record oper. Net is passed 28. the the over fiscal this ly. Net refined on Colborne, Port remain and Net Net States United the instead pound duty from nickel duty 1891. p. cents the of outstanding, stock 13. 1947 from Net trade agreement between import 1993. p. Hires & Co.—Yearly Sales Up 50%— the share per with simultaneously 1948, 1, Gross —V. new from prices the by the 1948, electrolytic 35 bring initial dividend extra an Fiom January 1— States. Canada. International Rys. of Central $2.35 United signed reciprocal recently States in oils, from year in for President for like provided Effective last to process cataiyst, products.—V. in just comes be to attack. Heyden placed was which a expected by electrolytic an line regular is insect purchased was chemicals other and compound a wood of Memphis its to operation trichloibenzene, at and products new began plant protection plant price W. 1592. Lehigh & Hudson River Ry.—Earnings— announced The 1943. addition year Stanley company's a The C. 21 Nov. 011 C. 165, p. one-to-e.ight International Nickel Co. of Canada, Ltd.—Prices Cut— ortho of succeeding President, common Dec. quarterly dividend preferred holders of record dividends declaration per declared 3 shares October— Ileyden Chemical Corp.—Adds Two New Products— etc.— elected been Sons Co.—Extra Distribution— Dec. on 817,500 quarterly $2 to to the 1994. p. 1,358,976 has Lees & the to 23 shares certificates, trust 535,808 278,654 been named Chairman of the board.—V. 2,875,396 inviting bids to be considered Dec. equipment 1,670,650 .. Longnecker on regular Equipment Financing— The 26,903 2.750,285 income directors The The Hewitt-Robins, Inc.—Registrar Appointed— 135.894 2.677,430 1891. (James) 1944 $2,494,325 .263,794 income 170,864 1,954,991 925,664 railway. p. Roi Le E. $2,243,607 railway 202,650 Aviation current oper. 117,285 3,243.005 railway oper. 166, 381,711 railway $257,090 210,359 1— from Net v 1— from 1944 $363,760 188.164 income oper. From Jan. Gross $2,670,294 income oper. From Jan. $200,000 1. pan railway railway 1945 $145,579 301.882 RR.—Earnings— 1947 from Net Net 2103. p. International Great Northern to This equ.pment. remainder the issue this 1946 $513,519 railway railway Pendock, who has capital. CAPITALIZATION Debentures of machinery $10,000; to proceeds production modern of amount from the of u.e from discount equal 25,983 PURPOSE—The Net Net of the the 20 cents dividend 1947 from Gross effect last. 31, Shares 29 1947, share per distribution May on Nov. 31, securities. of share. per was made Oct. Ishpeming RR.—Earnings— October— including 19.84 sale realizable security any record (within 30 days after Nov. 26, selling commission.—V. 166, p. entire 45,757 1947 the to and the share per of income net share of Group Shares holders from $1.9718 Group vesting all 461.839 1945. to cents securities) of profits payment, 34,6)7 33,149 Ltd.—Dividend— 20 to represented the 411.879 of Shares Group realized per Shares, distribution 1942 t stock B 1788. p. Institutional and subsidiaries 1 Company 414,107 to class against 2105. p. shares ' •312,068 dividends of 37'2 cents per share each stocks, both payable Jan. 2, 1948 to holders B 15, 1947. The each in 1947, as cents 166, declared class Dec. Keystone 30 1841.... and 1944 3,103,945 income class A and record 416,922 ... pro¬ steadily products Total 1940- N. Ry.—Earnings— 1789. directors the of tribution $83,783 deductions 348.458 the 3053. p. $259,837 $79,451 income- oper. Total income $310,599 . 1939-. of 1<>5, 55,276 railway p. Preferred Net Sales 1937-.. 1938 to above.—V. 4,072,048 railway oper. 166, on 1,433,097 Tts. income Misc. handles. of increased pr.nc.pal the now has bats Interest & the and 139,927 income-.- 852,498 220,083 opers. accruals tax and ry. Other Net Profit After and Corp., Inc. „ • a Bros., $410,310 railway railway1- from Net This was OPERATING lor Johns-Manville of Cleef 1947 from The tvpe beginning, the Mobile oper. Net 1947—10 Mos.—1946 grew and company pany. use board Van Kelsey-Hayes Wheel Co.—37 V2 Cent Dividend— 1947—Month—1946 oper. Railway Railway began operations in 1917, at the founder, Clay Hanna. being this carried duction at of 1926 and 1962. 1, payable A partnership was formed a few years later, by the present corporation, chartered in 1924. handle. the From Jan. 1— —V. 1480. p. Period End. Oct. 31— Equipt. that handles, and this succeeded of from from BUSINESS—Company At owner. In Oct. Gctooeri location present of of being made in the manufacturing, merchandising or system of Van Cleef Bros.. Inc., which will be operated owned subsidiary of Johns-Manville Corp.—V. 166, p. 468. October— 37 '/a Ga. steadily oversubscribed. was is Gulf, Gross V. due 194.7; (April wooden The issue Kansas Oklahoma & Gulf Net interest. Athens, HISTORY sole common $2,031,177 263 Gross Ga.—Debentures Offered—Johnson, Lane, Space & Co., Inc., Atlanta, Ga., Nov. 17 offered $200,000 5% sinking fund debentures Dated 37* 158. p. on Bank, been the Secondary Offering—Morgan a secondary offering of stock at $41 per share net. Deal¬ President Cleef, wholly a Indiana Harbor Belt RR—-EarningsHanna interest respect to — Chairman Brown, change distribution 1947—9 Mos.—1946 1947—Month—1946 $267,855 . with has Yorx New 01 Joliet & Chicago RR.—New Control— $^oc',123 —- rev._ _ Van as Operating rexpenses_a— Rent for lease of oper. property H. Noah Telephone Co.— Earnings- Opei'E'ting 'revenues.. Co. Corporation on Doc. 3 announced purchase of Van Cleef Bros., Inc., of Chicago, 111., manufacturers of "Dutch Brand" industrial and automotive products, according to a joint announcement made by Lewis railway frdfn Trust & Dec. 3 made on 41,713 shares of ers discount $1. 1946 President, said the Jan. 2, 1948 payment was increase the working capital position of the com¬ pany increased 1947 railway-— from Gross bank trustee, registrar and paying agent bonds due 1949-1960. Wilson, order in Over-the- the $920,262 Operating C. in $1,123,833 railway from Operating., revenues November took in 1947 a year-end distribution of 30 cents per share was made for the preceding liscal year, which brought payments last year- to 90 cents per share, as against 60 cents in the current iiscal Joseph sponsored National burning mortgage investment bankers.--V. 166, RR.—Earnings— Period End. Sept. 30— Dividend— late The York New Johns-Manville Corp. Net ordinarily payable dividend on or about Jan. 2, 1948. were made c n April 1, July 1 and Out. 1, the on cn been Barney & Co., October— Gross Distributions of 20 cents each last, and stock had the Indiana Associated meeting held their directors- at of the appointed market by Smith, Illinois Terminal 3052. p. Haloid Co.—Omits Common The (The) Jewish Center of Kew Gardens, Inc.—Trustee— 24 on Stanley & Co. Gulf and listing stock was listed Nov. 7 (2311) 1255. p. Refining Co. on Nov. 20 .announced viae appointment of Eldon Young and. Archie D. Gray as General Attorney and A sedate General Attorney, respectively, with head juartu's li Houston, Texas. Mr. Young, under the direction of uie General Counsel,; will be In charge of the legal problems of all the Guff companies, except litigation, throughout the area in which the com¬ panies operations are supervised from offices in Texas, mainly, Texas, Louisiana, Mississippi, Arkansas and Mexico. Mr. Gray, under u.e direction of the General Counsel, will be in charge 'of all is tie litiga¬ corporation this to CHRONICLE Electrochemical Co.—Listing— Hooker The, counter FINANCIAL & New Appointments— Gulf Oil Corp.—Two This COMMERCIAL program 1947.—V. 166, p. 2105. 8 (2312) THE COMMERCIAL Long Island RR.—EarningsOctober— Gross f:om Net Net ry. $3,r16,550 601,038 income. oper. 1945 $-1221,847 261,735 rai'way railway from STATEMENT 1946 loul . from 50,718 131,491 189,022 Net from Net ry. 38,579,367 _ U,791.163 8,369,090 10,471,811 9,870,660 . railway 1,015,211 1,079,1.10 3,457,203 ^Deficit.—V. Gross 2,674,628 income.. oper. sales, 38,205,507 Er.d. Oct. 31— cper. revnues. Railwav oper. evpen 7S7«°4 144,000 Net —V. ry. (net —,o.J 7,359,863 1,375,200 677,000 ^3 681,o46 612, $J36,8j2 $272,31i. $2,952,559 7,498,427 6,536,765 6,383,698 52,307 878,683 584,267 17,039 7,510 92,033 74,977 Dr)_ 9,874,833 $212,500 $218,239 Mobile & O.i.o $1,981,831 165, Normal tax surtax. Federal of totaled 32,877,003 corresponding kwh week for October— increase of an 29, Nov. kwh. 12.1%—V. Net from Net ry. railway Gross for 166, 166, 3 ,221,753 Net 1,966,407 1,,795,043 1,924,622 154,679,381 141,031,038 168,,393,829 178,278,652 26,470,304 24,037,927 54,,665,389 68,644,528 12.593,166 12,988,200 20, 126,523 20,533,652 —V. filed 26 letter of a $182,500 of 10-year first mortgage ofxered at par. Underwriter, bonds Ky. due Proceeds Dec. Ky. Files With — 31, will refunding 6% The used be notification 166, p. 194J. bonds, Bankers refund io due like 1958, Co., Bond a Ncv. 30— November, in 1947—Month—1946 1S4 7, the the corporation 1.89%— $74,763,677 Dec. 12. June 12, in fhe Dee. on the on cperaled 200 stores, last year.—V. stock, of and 10 1.43.—V. declared 1 common DLtnouuo...) Sept. year 166, compared 25 Nov. 132, payable Dec. each this 23 made were total A year. of 50 holders to $1.25 11, paid was Mack Trucks, Inc.—Stock $37,928,599 15b,0C0 Dec. on of common stock (no par) at The issue has been oversubscribed. CAPITALIZATION, G .VING EFFECT 10 PRESENT (no Outstanding 8x7,973 shs. par > i..i.ie„i Dca.nig i\ov. 1.4/, to Bank, Commerical TrUot Cj. ta.e borrowmay HISTORY Nov. 8, kork be AND lylo, with the to, IV2% of per by Trust living earner Co. Tiust New York, Co., payment, now Chase have and offered, been to are but new paid off additional thereafter. International name title prese.it incorporated .in was April Motor 12, New York Truck Corp., which Company has been 1922. smce Manufacturing Corp. -MacK tiu, which .that in 1.11, began field, njarke.ed 6 7 the bases, and points of lire the among trucks, approximately in United me of proceeds will be app.ied the to or available for oy Kan its cum their or me corporate UNDERWRITERS—The number .agreed Net from rv. to uf scare, purchase, names of are the stock common which Tne each has 1,000 Kidder, Corp Bacon, Whippie & Co Barth & Co., M. Kidder & & Co 1,000 Kuhn, W. 5,000 Lee Boenning <xe Co Bos worth, Sullivan & Co... Richard W. C.arke Corp... 2.000 Lehman 1,000 McDonald 1,000 A. Cohu 1,000 Merrill Lynch, Pierce, ner & Beane & & Co., Co. Inc... Inc Torrey Craigmyle, Croweil, Francis & P.inney & Weedon I. & du Pont Co... Co.c. & Co... 1,000 1,000 Loeb & Langley & Co Higginson Corp.... $4,551,493 1946 Net from Net ry. $62,041,009 $52,603,285 Rapids, Mich.—Earns. E. Masten Merrill, Gross & Turben Co 1,000 & Ten¬ Co from Net Maynard H. Murch & Co... 1,000 5,000 The Ohio 1,000 1,000 Pacific Estabrook 3,000 of & Co Chapman & Co... Michigan Corp Forgan & Webber, Curtis, 1.000 R. 5,000 Co Northwest Paine, 1,000 Company.. Sills, W. Co..: 2,000 Jackson & Minton , . contemplates Co., Barney & Co Granbery, Marache & Lord Hallgarlea & Co.__ 1,000 Stein Bros. & Boyce 2,000 4,000 Strovd 2,003 3,000 5,009 Union 4.000 v Ripley & ——L—_1al_ „ o"-fvr & Weeks. J_ CoiEiwEJia* Kirkland &. Co.,—_ •' 4,000 .1,000 1,000 Staats - r 5,000 Co 1,000 & Co., Inc. Spencer Trask & Co Co., ... Securities Corp.—5,003 AP Nt*"J & c-\ _ Vfetor Common Dann & Co. ' \> stock, iiiling,. VVEilEsi '- •> ry. Montour public around fixed by publ c per.ods offering will issue at including De¬ Barney stock The prices premium its the for general expansion expended was of by Sm.tli, to be date. used be middle the directois. the corporate approximately During program. capital additions on $27,000,000 and expended the wa; for cumulat.ve preference s:ock, stock 1, and 166, series 2106. common 1971.—V. 1, p. $30,000,000 of deben¬ 2.65'/ RR.—Earnings— Net 1945 1944 56,803 31,877 45.635 34,920 19,380 26.387 ry. $.40,592 1,623,608 1,394,376 1,440,743 316,122 458,713 116,789 234,428 has Products Corp. Electric Ry. Sell below.—V. Control 166, of Indiana 356. p. Transport & the company granted to sell substantially 166, p. railway Gross from Net from ry. a.l its of time operating Dec. 31, properties at 194j reclassify $1,436,233 "400,991 p. *300,8G2 112,154 11.789,492 13,125,660 942,162 2,389,058 3,609,631 1.519,851 *17,366 981,607 1,400,848 1946 1945 $2,775,857 1,598,869 1,021,767 1,048,838 851,084 482,134 26 83",170 23,379,311 23.596,891 166, 2,605,146 695,305 5,320,578 at 5,382,463 of ry, Oil income $324,36,3 $314,878 $2,095,610 18b, 571 223.377 989,424 Net ry. 4 the in the in 1945 $152,157 *13,185 *36,711 20,699 1944 Net ry. 166, 1.170,231 205,859 22,776 1,460,324 393,970 134,357 income $170,333 43,813 11,366 be will Gi\jss Net N°t $3,829 *20,644 *16,435 *17,450 income *24,899 —.V. and 1,661,496 531,643 215,331 of It of i.; payment Dec. full in are made 22. the the all 21,365 1,821,207 of the • 52,822 *liw,oiJ 680,952 to income . prices rata pro and probably how is stock $147,355 *19,575 $213,200 take to to be received by be 29,552 The *10,854 *50,000 *2ou,«>7 1 to proceeds net railway $307,236 116.563 64,105 30,863 1st mtge. 73,139 2.881,395 1,099.209 >520,499 > has the | share, public the of company record whose-fractional interests with bean warrant;. this and offering no made. proceeds, exclusive of accrued divi¬ from the sale of the1 preferred company applied be will . 2.978,660 1,2579)09 356,603 V par bonds: V4 % GIVING . u 1,186.507 470,832 STOCK without of stock, Series /* p. % series 15. 1 4.8% A the per 1790. SALE the OF < Outstanding »\ . .. of borrowed $2,000,000 *4 003,000 :$3,C00,00O 1,000,000 1,000,000 75 (cum., (par $10) bonds D prior Hawaii. $2,275,000 1 due Aug. TO amount moneys 150,000 shs. approval i h*s cl"o borrowed (xuiiOiu from anu been the of " v ' P out'danding U .5 U h and may Commission of not be the issued Territory /> short banks, i.re -represented '• 750,000 shs. authorised ' three 150,000 rhs. 750,000 shs. — have ,. T'tv companv r ■ , like Authorized due July 15, 1"64 —. , a EFFECT $10) 'The .. 2.889,054 pay representing due July 15, 1964 , 3'/4% Common stock 163,654 • to promissory notes construction expenditures. ^ $356,650 3.440,166 i.sue net PREFERRED 174,324 $318,940 13-1,158 from railway1.. 1,49^.390 V*"ope*. -«ncome—649,297- of 1947, short-term for pay Preferred . 31, connection in the 533,253 1944 <. at $1,482,440. 2.100.091 1945 . Oct. holders of unexercised estimated will company's 18,037 1946 .,>*„ between $11 and $13 per shares will be sold at paid therefor. be stockholders on the underwriting no Series C, 2 80,822 ; therefor bidders or many will the to to and of commitment dends, $431,971 188,766 1 bidder 1944 1947 railway highest sale. auction auction (shares representing by warrants which were not for thereof pus accrued dividends from that the number of shares so so.d that the prices b. d for the same wi'l be state which c'ose of business the There firm 166, p. 2212. railway the at public called proceeds from the auction sale in exce s of $10 per share, after expenses of the auction sale have been first deducted, wil; be disposed are 306,161 1.R69/-83 lys *140,480 income—- 166, p. 1790. to share, per impossible or at the par value is anticipated 1,000 $10 purchased sold shares CAPITALIZATION, ** ^-7 _ railway irom subscription are and sold be than less it The 51,804 1945 1946 '34,723 railway From Jan. I— ,WWd transferable $176,099 1790. P. 1947 oper. 1947 .such stockholder to subscribe for cumulative preferred stock (par $10) at shares which price excess as railway railway from from stockholders of record at full-share sub¬ common 31, cacti Hawaiian Standard Time, of case 1947. 22, auction Missouri Illinois RR.—Earnings— Net Honolulu—Subscription Rights its to Ot on unless m. interests upset Dec. — October— Gross 121,174 share of preferred stock for each five shares of common and the subscription rights evidenced p. shares The 2212. p. 1946 57,768 income oper. 3 Warrants become void exercised) 166. $161,295 railway 'Deficit.—V. £4,700,193 price to the public is flat, in the case of shares purchased upon exercise of warrants, and plus accrued dividends after Dec. 22, 1947, Enjoins Meeting— below.—V. Corp. from from issued has business one before From Jan. 1— Net 1947—9 Mos.—1946 $4,044,942 $43,030,526 $40,208,906 3,860.034 37,133,972 31 351.284 470.030 3,800,944 4.157,429 terminate fractional 1°47 oper. Telegraph Co.—Earns. & $5,376,162 4,607,323 444 476 revs. warrants held. or the Missouri & Arkansas Ry—Earnings— Net The — company thereb/ 7,595,325 2,571,152 1,662,101 October— Cross authorized. tne 148ii. p. close stock 25,698,481 4,768,868 railway irom to par $4,657,094 $43,146,341 $40,302,944 12.152 1i5,o15 ;.4,0^8 PURPOSE—The from voted 18S2. p. 1947—Month—1946 margec distributed Gross presently 1947.—V. 166, 1, entitling 150,000 shares series A 4.8% 1790. cper. 25 Nov. on $5,391,421 15.2d.) oper. operat'ng the rate of $3,616,714 704,917 income 'Deficit.—V. held share each for Telephone . expenses scription 1944 $3,590,237 1,347,647 railway from Inc.—Split-up Ratified— meeting The From Januan- 1 Gross States tevenues after The $4,053,354 1,513,763 railway oper. shares new Mutual Telephone Co., 1790. October— from Lines, special a 12,774,639 Net Net but ry. at authorized 1,000,000 shares of common stock, $10 shares of common stock, $5 par value, on two Uncollectible Mississippi Central RR.—Earnings— Net of —V. railway from 659,120 2,000,000 Mountain 499,393 95,697 3,824,824 166, Sunray 839.30a 557,713 $1,382,866 318,826 Mission Corp.—Court See 2.529,868 712.155 408,705 1790. p. Operating taxes $1,382,928 1947 p. 166, the into Operating From Jan. 1—■ 166, 2.246,516 449,838 2,353,641 737,197 624,742 income Operating revenues 1944 15,097,131 itvome... oper. 2,657,826 railway stockholders Gperat.ng 1945 147 006 railway railway oper. income fi'um 62,727 Period End. Sept. 30— to 500,250 trom ry. 18,817 railway oper. 'Deficit.—V. Ex¬ $1,793,853 income... from Net 83,104 split-up became effective Dec. Co.—Time extension an fd47 railway Net 79.334 71,977 income oper. 1053. October— Gross $241,107 *11,228 Moore-McCormack - oper. 19f4 $1-.1,266 113,181 204,227 e.—V. sa 1945 $325,221 93,531 railway 445,054 210,366 1946 $323,181 railway—— From Jan. 1— 1,402,364 489,054 1947 Irom from the 1,000 u the to 101,390 shares of into 1,000 Inc.— William rate. company, and Nov. Series E, Smith, Harriman due Series D, 4% 5,000 R. Oct. (convertible 4,000 3,000 Hemphill, No'e; & Cx of common A 3,000 Goldman, Sachs & Co Graham, Parsons & Co with SEC— registration statement with the SEC cumulative preference stock, series a pari during the first nine months of 1947. The company a continuat'on of such expenditures. 31, 1947, the company had outstanding 4,233.503 shares — & the the of the of Co.—_ . Pressprich & 1944 purposes basis *Deficit—V. 1,000 2,000 (no approximately $23,500,000 Net 23,451 January 1— railway Net Net 5,000 1,052,133 underwriting group to be headed before proceeds Gross 52,827 from from Eastman, Dil.on & Co Emanuel, Deetjen & Co Farwell, shortly tures $122,094 railway ry. 2,000 2.883,393 784,241 York, same . Metal oper. Net 5.000 Co & 2,264,724 7»9,265 offered be an expansion 3,000 Brothers 2.2-3,054 dividend $4 piant 1946 ^"orae 1892. irom ss Net 3,000 5.612,545 filed 28 shares w.ll New be 1646 1 to N,-v. 22 Minneapolis & St. Louis Ry.—Earnings— 5,000 Co... C. 4,769,364 at a price to be redeemable during various Co., Net which 6,000 Peabody & Co 1,000 Becker 2,000 Co 4,000 Jenks, in Net Lemon 90,796 4,925,908 1°45 $2 1822. p. No/. through purposes Higher— Jan. required severally *53,576 1,487,4 ,4 166, a stock value, SEC ry. No. of A. Janney & will ago.—V. 165, year 1947 1946 Mfg. Co., Detroit—To October— Ctr Shares 8.000 Tv>rnh a $170,009 railway.*—— p. from and 275,992 165,545 1,447,184 income— 250,000 carrying The tended— Gross Adamex Seeurnies Inc. the same month increase an $181,473 railway Rieke See Net i'olows: a; Johnston, Glare, $52,314,498, Firm— Net underwriters $563,039 6,803,656 rai.way— company cember in will principal 8,000 First were B, were period purposes. of 2.812 54,618 110,441 railway oper. The Gross No. of Blyth month; 1— Miller and Shares G. ten Valley RR.—Earnings— oper 166, and to the lunds of its subsidiaries, company Hayden, Stone & Co A. lirst the -corresponding 1947 lrcrn sold Canaaa. extent from ry. As Ended From Jan. diesel direci.y or indirectly oi the $4,000,000 bank loans outstanding, and the baiance will be added to the funds of the company, J. for $5,615,539 railway from railway ry. oper. income are are and 1^46 328,276 Monsanto Chemical Co.—Registers 1892. from —V. net month high the for over Corp.—Current Sales 23.4% October— Gross which 600 distributors States in its and marine apparatus, proaucts, all Mack products its (one pioneers Mack Lhe»e a.l "Mack." name were since predecessors from covering payment •of Mack the K00), tneir in one-to- $653,314 .income opeia The October, a record of $25,298,322 was Minneapolis St. Paul & Sault Ste. Marie RR.—Earnings trucks motor of with proauction for ^r..uchos various a. PURPOSE—The to the to pans tue through loca.fcu producer subsidiaries, aoout ma..u.acture „tnViv.e unaer serviced dea.ers its addition also and important ana operat.ons in subsidiaries engines, «.n o„e.. organization .01 Shoe Midland From organisation, its principal assets being ad¬ investment in more than 9tf% 01 the stock of, Mack ana last issues for company previous A deliveries $30,441,730 of the amount over this by $35,500,674. Total ma¬ extended be or serially 122,804 October— National Guaranty certiiicaies maturing $702,181 railway railway Deficit.—V. $326,318 $u.55 Such company. Co., of and annum the Manhattan BUSINESS—Company changed to us holding company vances & share; maae was a rate the Bard: to the ci of ana subject wtj, the Net $729,636 747,335 shs. guaranteed are Bank National ^ew the at which t-.e to be considered Dec, 16 for the purchase $108,456 1947, payable to gain insurance negotiated Eeb. Net 1,229,019 $128,898 reported 1929. Milwaukee payab.e to $1,555,337 1,042,148 $i..zj to following $1,771,784 105,969 * a p. Company has no funded debt. On Sept. 30, 1947, Mack Manufac¬ turing Corp. had ou> tauuing $4,000,000 of short term notes 01 $234,807 $291,646 FINANCING Authorized bank.,, ry. Giloss profit a.ter charge; and taxes Earning", per share on 195,000 com. shs. out-Adg. 166, p. 951. 3 shares per snare. 28,753,907 From Jan. 1— —V. Offering—Hayden, Stone & Co., Aaamex Securities Corp. and associates turing Net 358,843 1945 —V. notes, $1,196,488 111,447 f.xed Net $4,592,430 $38,158,188 83,557,286 26,017,011 1947 from from 103,083 -ales G.xss 1947—10 Mos.—1546 1995. Common stock $1,660,337 10,028 1947 record March on of of 195,594,618 74,142,523 15,571,770 October— Gross $154,131 business Months Net $4,711,644 ._ offered $224,829 Sept. 30— cents 13:2. p. 154 i—Mo..t i—1946 Sales $51.25 $144,001 Net 1995. p. dividend year-end a cents 14, Period End. Nov. 36 p. 262,477 Michigan Bumper Corp., Grand Net 166, 373,547 4 Weeks Ended Nov. 22 9 188,216,035 29,950,089 17,542,638 is inviting bids of McLellan Stores Co. —November Sales Increased 2.6% —V. 303,7<_9 286,824 $;0,443 Melville $70,770,068 143,881,868 36,587,128 income— trustee The 1947—11 Mos.—1946 $8,226,867 corresponding month directors share per 120,945 1892. 166, 163,530,687 railway oper. Monongaliela Ry.—Earnings- 1,255,163 17,500 25,711 of McGraw-Hill Publishing Co., Inc.—Year-End Dividend The 1,714,802 13,271 1947 $8,382,576 199 The 32,104 K47. Sales with ry. 17£0. LLe —V. income— railway— $1,804,567 $19,107,030 $17,229,542 1,403,582 14,941,208 14,141,867 1,610,439 etc Inc., amount 1.944 $17,612,919 $15,852,630 $16,947,452 $20,519,577 3,445,806 3,939,169 5,638,453 8 8->3,985 1,790,627 2,622,161 2,252,941 3,147,788 of $5,218,000 equipment trust eight years.—V. 166, p. 2106. 1947—10 Mos.—1946 (Br).. amounted Retail In 1,792,004 from Massachusetts Mutual Life Insurance Co.—New Record month, 1945 1946 1947 oper. Net the SEC with McCrory Stores Corp.—November Sales Up Period End $1,837,630 income Delivered p. Nov. on bo to 1,792,034 lt.4/—Month—1?45 income of $27,307,159 company Louisville, 1,194,670 4,047,701 10,130 in December, $228,763,816, SEC— for Net 5,344,180 RR.—Earnings— railway railway from Net 2,764,555 RR.—Earnings— income int., 22,129,156 5,962,319 Equipment Financing— income.. oper. ry. Other 6,525,705 Louproco Realties, Inc., Louisville, The *90o,025 37,815 Gross 1790. p. ry. (Z)r)_ rents 24,038,287 From Jan. 1— 2105. p. rents fac. Renta.s, 1944 1945 731,264 railway railway oper. income 4,363,993 income from Gross ' from ry. —V. Net 1,.,41,338 165, 509,396 09.617,476 2212. October— Grcss Net the 2211. p. 3,318,947 from Net 11,414,680 1947 1,518 893 income oper. 12,306,138 railway P. from 795,553 $15,6C4,619 $14 495,977 $17,934,999 $16,208,111 railway Prom Jan. 1— Net 1946 1947 from Net 5,205,883 dividends Equipments Louisville & Nashville RR.—Earnings— Gross 1,180,000 Taxes the week ended with 29,316,000 compared as year, l,2uu,000 9,400 in¬ period 438,244 73,030.132 374,542 17,437,934 4,556',0u0 Operating expenses.—'— (Ky.)—Weekly Output— for company , last 374,154 10,556,307 4X1,752 Cr7,500,000 "i-OSS.—V. Joint this of 270,142 taxes Income 307,217 > 17,063,392 *8,399,625 profits tax Recovery Cash and $7,511,040 2,489,076 1,147,477 50,449,883 9,836,127 3,572,177 56,356,856 railway oper. 166, 6,100,0u0 expense Operating revenues. 3169. p. % output ry. $1,736,747 RR.—Control— above.—\f. RR. Louisville Gas & Electric Co. Electric from Net 20.X55 Maine Central Louisiana & Missouri River Gulf, from 9,894,988 73,105 Period End. Oct. 31— See 10,182,153 *8,669,767 329,965 income— oper. 1944 1945 $5,410,531 From Jan. 1— Grcss Net income Excess 1783. p. 6,859,654 profit Interest $2,395,991 101."54 income. oper. 166, 116,642,768 ry. 140,089,858 105,489,056 Missouri Pacific $11,114,700 8,179,341 119,000 —. ........ rents 122,207,974 37,886,036 income Total 1947—10 Mos.—r-1946 $1,208,822 $13,320,023 8^7 <^7 es_ Railway oper. incomeEquip! ren' -i t net f)n_ facil. Net 36,714,696 73,888,u28 sold 1946 1,102,260 railway from Ry.—Earnings— $l,410,5n8 taxes wx Net and admin. gen. come Jt. $ expenses Net 1,47—iViontn—la4o Railway ry. $ $4,896,105 933,735 $5,942,902 railway from —V. Louisiana & Arkansas Other $ Gross less discts., goods Selling, 1832. 166, p. Federal income 1944 90,623,415 of Other Period 1945 Earnings— 1947 October— $ Cost 38,774,536 Missouri-Kansas-Texas RR. SUBS.) 1946 845,547 40,031,503 . (INCL. Years Ended Dec. 31 Sept. 30, '47 $3,640,747 699,485 $3,682,410 841,037 etc. railway OPERATIONS OF Monday, December 8,1947 CHRONICLE FINANCIAL 9 Mos. End. 1944 From Jan. 1— Gross & all by term -krnk of. 11 ':■■■■ which loans bear totaling interest at 6-months nbtes.—V. -i :•/ ...' 166, Gross from Net from Net ry. 1946 1947 $2,797,644 $2,489,982 68,378 634,814 207,225 75,259 railway 164,861 income... oper. $3,669,891 840,010 237,313 $2,825,148 477,345 railway Period End. Sept. 30— 1944 1945 Net from Net ry. —V. 25,656,640 1,099,095 1,405,585 54,906 railway income opcr. 166, 1892. p. directors share, this have dividend Oct. this 1, each; dividend a the rate at Distribution April 1, July 1 cents.—V. 166, p. 1054. taxes 25 1, —V. 1947 1946 $17,778,946 $14,877,254 1,013,777 836,565 taxes October, the sacks of sacks or in that announced further President, Marks, company's mail order-business reached a new total of 41,766 post weighing 1,461,810 pounds as against 33,882 in pounds 1946 —V. October, 2106. 166, p. the Of Cylinder Gas Co.—Loan Placed Privately— V. 166, notes. and ry. balance the used were retire to the SI capital working for Sept. 30, $1.25 on June 30 and 75 cents on March 31, amoun to $4 per share, compared with paid on payments this year will in 1946 —V. 166, p. 1484. Net ry. —V. Steel Castings Co.—Omits Divi¬ dend—Arranges New Bank Loan to Pay for Improve¬ ments— dividend, a Dec. on their at directors meeting on but Dec. action took no ■ in the was the Another from While some naturally a the low a rate railroad influence of the been has loss in the cars, profits usual plants, which is being mechanized and modernized. production is being obtained from this plant, there is substantial loss in efficiency which makes excessive costs our completed, which we hope will be early in of inability to obtain materials in reason¬ able lime, which has delayed this modernization considerably beyond the completion date originally contemplated. until program This is 1943. in creases be can another modernization The 257,363 this at inventories rate of is being loan interest. for treasury —V. 166, due improvements in others, the in¬ increased commodity prices, customer plant, to required capital arranged with a group of banks at a very favorable Proceeds of the loan will be used to replenish the expenditures, these and general for corporate purposes. Extra Dividend of National Tea Co., Chicago—To Pay 37V2 Cents and Increase Quarterly Payment— Dec. On share Dec. 96,586 7,073,251 1,960,760 10,165,814 10,831,257 4,554,410 of Jan. was cents 25 H. dividend extra an of cents 37Vi distribution of 25 by four quarterly extra followed an ceftts per payments each. V. late 1,557,011 573,750 996,440 985,975 — 166, Dec. on the quarterly indicated that 2 stock common for would 1948 be cents 37Vi -Earnings- 1946 1945 1944 $467,244 $490,753 203,361 41,742 194,903 348,562 income— 175,213 36,201 117,557 1,497,390 railway- 6,252,561 7,331,673 8,298,555 2,609,198 1,953,843 2,837,159 3,822,627 2,368,417 3,250,726 3,924,352 Net ry. Net 1,446,057 Conn. filed 19 a (par & Anglo extraordinary held Dec. 011 general to 5 vote meeting of shareholders was the following proposals: scheduled a of Net (2) fr. Sw. the increase To fr. Sw. $7,285,428. $75,556,207 $61,069,809 72,000 by capital new d'amortissement bon the issue, fearer shares of a at a price of face value of ry. as attached. in the 7,038,104 leads 784,118 6,342,702 4,654,473 credit for adjustment 166, 1945 of and unused 1946 holders be to the at RR.—Earnings- to the meeting, are offices at Cham and submitted company's 1945 $177,579 $245,817 1944 *15,842 73,206 60,759 week the kwh. 14,832,524 of above production Nov. This of is Gas This 90,621 242,240 68,484 1,812,311 1,786,765 2,178,670 2,514,823 197,644 446,770 957,066 1,150,080 130,237 railwayrailway the Association 851,930 1,709,389 an increase kwh of for electric output 2,160,549 kwh., or 17.05 % the corresponding week a The 166, 1893. p. it does not violate due process as reluctant reach to of the law." output of this and before deficit a Northwestern Bell Telephone Operating and Federal a October, 1947, income tax after the of $400,009 which oper. tax Federal a income income net a credit carry-back credit. These carry-back The 1947 deficit is due primarily to forces effective Sept. 1, 1947. deficit of results of $130,000 after are October, Net Net of 737,262 decrease of $236,065, or 2.1%, a System charges the on for deficit old Sept. 30, Federal a first ratio for October, months ten of 1947, 1947, was after 82.8 the after carry-back tax This credit. Restating the old fixed charges for July, the on basis of the fixed new the ten months ended Oct. credit tax FOR compares Net 31, $1,685,433 after AND the FIRST Month of October— Net available for after charges income before credit. 1946 $13,182,937 $13,333,813 fixed Federal fNet Incl. 1946. MONTHS 1947 operating revenue Total Net Net ry. * available fixed for Company offered to 300,000 124,072,021 625,475 4,257,508 *2,143,643 *5,684,387 after *1,685,463 Nov. 1,105,000 2,545,000 tlncludes operations of the Boston & Providence RR., but charges of that company under includes in net a the and accrued railway estimated operating deficit the charges unpaid deiicit of and incurred All for the remainder Boston of in a railway net the Providence & the of New $9,742,709.—V. held. estimated Haven 166, operating p. System deficit deiicit had a was net The by by $300,000 expired rights stock of share for $2,000 share for efcch one at (CST) p.m. 3 initially will with the sales of of the construction program. 1947 and" 1948, including to cost approxi¬ expenditures will company's securities, has also made the issuance notes, years issued those including the during of for additional temporary to exceed $1,100,000 short-term of a credit agreement, of which arrangements of ihe under short-term of $200,000 and part become improvements, is estimated About 75% of these estimated not terms promissory short-term notes promissory issued were notes 1, 1947 on Oct. Aug. on issued were 1947. It is contemplated funds additional of treasury to the that the company, the incurred, obligations pay for of securing reimburse the purpose and to for expenditures, in connection with the will issue additional first mortgage bonds during company construction program, 2213. common per of rate year. company promissory operating $9.75 at the at and $3,500,000. & railway $3) proceeds connection financed current of of $2,477,000; $3,044,000, and subscribe Subscription net extensions mately 22, outstanding holders of its to (par funds, and as such, may be applied to any of its Such corporate purposes will include the pay¬ company's promissory notes and payment of obligations in routine be the right stock construction, during the calendar Boston for the a net railway operating income of $804,525. the first ten months of 1947, it is estimated that the Old Colony resulted then the of ment remainder $261,000; $408,000, was 589,765 purposes. financing Also 1,0.99,072 516,610 general corporate plan of reorganiza¬ against Boston & Providence properties for Boston Terminal Co. taxes and bond interest. For October, 1947, it is estimated that the Old Colony operations tion. 1,076,323 *748,965 26. company's *5,684,387 fixed shares five the 13 common PURPOSE—The after excludes *226,169 1791. Subscriptions common stockholders, pursuant to the company's offer, subscribed for 17,686 common shares, out of the 82,000 shares offered at $9.75 per share. Subscription rights expired Nov. 26 and the underwriters are offering the unsubscribed balance (64,314 shs.), at $9.75 per share. *161,300 tNet Incl. 4,162,094 417,735 Northwestern Public Service Co-—Stock of 7,557,465 165,574 5,160,188 —The Nov. charges 50,161 5,345,930 1,157,326 .income Deficit.—V. 166. p. 130,000 charges (reorg. basis Oct. 1, '47)._ charges (reorg. basis July 1.'47). Federal income carry-back tax credit 221,332 oper shares 4,221,709 $598,144 104,762 5,724,268 railway railway from Net *400,009 operating Tevenue operating income 1945 $532,748 91,809 23,318 *44,711 from record railway 1944 1946 $561,525 34,043 income— oper. ry. 500,930 credit RR.—Earnings- $580,667 From January 1— 857,915 basis) 5,315,354 railway 128,009,668 (reorganized carry-back tax $5,461,839 4,598,214 railway— 439,358 charges $5,122,651 425,967 1947 from 135,525 railway operating income Income $2,790,463 tax TEN $445,573 525,868 deficit of and contingent 1947 would have been and a $581,557 operating income charges Gross deficit September, 1947, charges, the deficit for August and OCTOBER a 40,625,325 6,853,212 166, p. 1583. Net. from income with of $8,229,387 before a carry-back tax credit of $2,545,000 and of $5,684,387 after the tax credit for the first ten months 143,643 fixed capital structure for the nine months ended the reorganized basis for October was $3,248,643 carry-back tax credit of $1,105,000 and $2,- 1947 and on before the 46,632,771 6,374,758 October— compared with 83.7 last year. The 4,964,933 661,614 Northwestern Pacific $300,000. $58,130,180 $52,940,376 $6,072,120 5,621,110 after —V. 1947—9 Mos.—1946 $6,939,929 revenues— expenses Gross The operating 1946. credit tax tne wage increase to non-operating Operating expenses were $10,920,049, under 2213. p. $6,083,099 $58,245,665 $53,015,176 10,979 115,485 74,800 15,284 revenues taxes contingent included 29, 1947 for the Co.—Earnings— 1947—Month—1946 $6,955,213 revenues Uncoliec. Operating RR.—Earnings— charges of the reorganized company, effective Oct. 1, 1947, and compares with a deficit of 3161,300 in October, 1946, fixed ended Nov. week the for company 58,588,000 kwh., as compared with 51,585,000 kwh. corresponding week last year, an increase of 13.6%—V. 166, Operating for reports company $530,009 the year 1948; and may either in 1948 or 1949 its authorized cumulative preferred stock. issue additional shares of New York Ontario & Western October— Net ry. Ry.—Earnings- 1947 1945 $546,700 *28,769 *11,388 income oper. *83,768 *205,156 *118,879 Gross from from Net 6,098,010 6,829,831 7,925,148 *163,149 178,363 456,394 *921,441 *1,359,458 *890,948 1947 Net from 1946 1945 ry. $290,104 $478,495 70,577 89,640 207,372 19,990 10,954 31,922 from 3,418,126 3,788,548 4,858,189 925,546 £'38,335 1,450,967 531,802 from Net Net ry. —V. oper. Chase to company 75,000shs. ($100 part stock 26,000 shs. 492,000 shs. 800,000 shs. under the dated indenture Aug. 1940 1, of National Years Ended Dec. 31 12 Mos. End. 42,775 205,237 income Oper. 1945 $3,676,600 3,073,573 $3,384,325 2,790,798 $980,966 $982,880 $603,027 $593,527 1,081 1,798 2,398 3,726 $982,047 Int., income income Gross $984,678 $605,425 $597,253 (net) income etc., taxes- and 1946 $4,550,163 revenues exps. Other 796,207 1893. 3,569,197 $4,112,753 3,129,873 July 31, '47 Operating Operating railway 166, p. $6,275,000 1973 2,116,494 income railway authorized amount e Bank, New York, and Carl E. Buck¬ ley, as trustees, is limited to $50,000,000 principal amount at any one time outstanding, issuable in series. From Jan. 1— Gross stock di 90,723 3,459,623 railway oper. preferred Outstanding *$50,000,000 series 3% 1944 $411,492 119,163 railway *The the $410,715 October— from bonds, mtge. cumulative preferred Common stock ($3 par.) 1 *612,297 1791. Susquehanna & Western RR.—Earnings— New York bonds mortgage 1st 4 Va % 569,58.3 ry. oper. income *Deficit.—V. 166, p. Gross 1st *111,241 7,076,688 railway, FINANCING PRESENT TO Authorized Cumulative 1— railway EFFECT $706,677 *67,210 GIVING CAPITALIZATION, 1944 $628,757 78,217 railway railway 1946 $748,637 from from Net is an increase cu. of ft., week is 28 37,416,000 for the reported at 202,058,000 cu. ft. ft., or 22.74% above production cu. corresponding week a year Net „ 1944 291,299 320,958 238,987 249,339 $690,743 $663,720 $366,438 $347,914 deductions Hearing on The SEC has Bond Sale— , HISTORY AND application to 20-year sinking fund collateral trust 3 % series B Company proposes to sell the bonds in approximately equal amounts to Travelers Insurance Co. and Aetna Life Insur¬ ance Co: The application also includes the proposed sale by three .cib'idiarir® "f additional shares of common stock to the parent.— $5,525,000 bonds, due V. 166, p. 1968. 2212. Corp. the granted Private newly organized to erect mills in central California kraft manufacture has been . set Dec. 18 for hearing on the company's income Newsom Kraft Co. of California—RFC Loan— This corporation, ago. to r We find no warrant applying to it which be 1,359,572 income— oper. ry. available to share¬ Vevey and at the reports should We ... the Period End. Sept. 30— New York New Haven & Hartford Association—Output— 28, 12,671,975 for the Nov. output 164,642,000 sell conclusion. ago. year of ended that to 98,181 *37,735 from from Net For (E) (voluntary) is pending. the statute nor the decisions language of us Electric 1946 $206,723 income oper. -Deficit—V. Guaranty Trust New England Gas & Electric to class B common. totaled 1947 $180,284 Net Co. of New York, New York; Credit Suisse, New York branch, New York, and Swiss Bank Corp., New York branch. New York. Dr. Edouard Muller is President of the Holding company. an other conclusion, for it would establish an unfortunate restriction procedure of a body whose procedure shou.d remain elastic so any on far 1893. p. of Association, filed company, anything under 11 3,669,148' From January 1— Gross explanatory report by the board of directors and the printed the resolutions containing the alterations to the Articles of An text operating an according to the opinion written by Judge Herbert F. "the only way that petitioner's point can prevail is to hold that the statute precludes 11 (B) (2) (mandatory) proceedings so long *Cr734,903 From January registered 525.—each, of 100 each, with and 2.94% common 8,061,871 railway railway.. from Net banks. Swiss Minnesota, think," 4,511,355 from Gross Arrangements concluded between the company, the Al.imentana and Unilac Inc., and with the Credit Suisse acting on behalf of consortium class A 3,483,563 October— to on (1) Co. of Goodrich, Holding Co., Ltd., Cham and Swiss Co. Weekly Output Increased 13.6%— Vevey, Switzerland—Plans to Increase Capitalization— An Power plan under which it proposed to distribute its holdings. In operating company in the ratio of 83.28% to its preferred, 13.78% 400,417 New York Connecting income be States 974,766 the $4,591,569 $41,787,839 $38,651,141 $5,208,323 Nestle Public 337,600 $1,337,703 operations 1893. p. a The 1942. 1,046,248 profits credit carryback.—V. For 1947—11 Mos.—1946 1947—Month—1946 Sales 166, to inject its own plan ahead of a voluntary one submitted company contended that under court decisions and Utility Holding Company Act the Commission cannot issue mandatory order after a company has submitted a plan. ■ Northern States, which owns all the common stock of Northern in- "We 1947—10 Mos.—1946 the New Haven System had Inc.—November Sales Up 13.4%— Period End. Nov. 30— —V. Commission 896,690 Providence Neisner Brothers, of a resulted capital stock retail. at etc., Nov. on shares of Court income- ♦Deficit, letter of notification with the SEC $1), to be offered at $2ss per share. Underwriter, Henry P. Rosenfeld Co., New York. Proceeds will be used for expansion. Company sells furniture, household appliances, company Circuit S. 466,957 484,500 income ♦Includes (Del.)—SEC Order Super¬ Company's Dissolution Plan— U. accruals. oper. 19,299,211 22,621,418 Appeals at Philadelphia Dec. 1 • ruled mandatory order by the SEC supersedes a voluntary plan of by a holding company. Northern States, the holding company, challenged the right of the t to St. Louis RR.—Earnings— 1947—Month—1946 taxes tax ry. 10,406,843 2,608,349 125,613,965 130,223,543 32,184,477 42,053,266 amended 2212. income 23,616,280 14,309,990 4,734,094 4,021,671 2, j.8-i, <47 104,069,540 16,957,258 Northern States Power Co. 4,692,480 income S. Other 1944 4,301,548 dissolution 6,269,530 New York Chicago & U. 2,o43,U td 115,590,322 income oper. income 166, p. 1791. the Gross 1945 1946 3,953,432 4,356,387 railway railway from the railway oper. income— p. 1,552.161 $14,524,174 $13,059,275 $14,046,468 $14,625,282 ry. —V. $722,980 166, —Files with SEC— 100,000 Net that 1947 from Income 2106. p. Nationwide Home Equipment Corp., New Haven, The 635,180 1947 oper. The tNet for 463,460 Ry.—Earnings— from sedes railway—— ry. Gross 10 Months Ended Oct. 31— the on share.—V. was President, McNamara, dividend per 1947, 2, which made, share 13,512 4,659,608 From. January 1— Gross from railway- Total stock, payable Jan. 2 to holders of record the common On 16. declared directors the 1. on 102,010 229,677 3,681,052 EARNINGS per 795,484 From Jan. 1— 452,701 $584,732 oper. Net ry. $1,112,945 8,900,397 income— the carryback 1893. p. Net 1944 $1,002,375 479,129 123,829 from Net 1790. from from case postponements of deliveries and increase in receivables, have substantial outlays of cash; therefore, a $5,000,000 working term 60,849 6,954,105 323,460 railway railway Operating production of new considerable portion of our products. adverse of one 43,574 6,416,195 1,238,400 income-1791. p. from Net 1945 1946 ' $816,686 railway! ry. year, unexpectedly involves which 23,205 6,588,422 1,223,149 railway oper. 166, Gross said in part: although earnings at that time were disappoint¬ ing, it was thought that conditions would change sufficiently rapidly during the balance of the year to warrant continued dividend pay¬ ments; however, the change did not develop as fast as anticipated due to a combination of circumstances, one of the most important of which Earlier 139,000 62,955 Northern Pacific RR.—Earnings— New Orleans Texas & Mexico Ry. Net Pomeroy, President, in connection with the Cleve H. 6,739,910 October-^— Gross Net 14. above action, from ry. 4,649,935 income._ oper. Gross l considered the matter of thereon. Quarterly distribu¬ tions of 15 cents each were made on March 22, June 21 and Sept. 6, this year. In 1946, the company paid 15 cents on Oct. 12 and 85 cents The Net Net 840,100 $1,191,565 _ railway— 166, p. excess National Malleable & declaring 1944 $670,850 117,328 7,257,327 1— railway 10,330,698 582,106 railway— oper. from expansion.— and 3, total $2 1945 $620,554 107,327 Income— oper. from 7,275,438 of amount like a the directors declared a dividend of $1 per share on the capital stock, payable Dec. 29 to holders of record Dec. 15. Including Dec. Gross 77,745,424 8,375,947 railway— from —V. $600,000 Enameling & Stamping Co.—$1 Distribution National 86,919,126 8,423,966 719,793 Period End. Oct. 31— On 8,593,206 1,152,887 1947 from from Net 1790. p. ry. 1,225,269 October— Gro;;s Net proceeds debentures Net New Orleans & Northeastern Net The company recently placed privately with the Equit¬ able Life Assurance Society of the United States $1,000,000 2%% 1946 $700,860 October— Net National 1947 $816,333 181,328 railway railway 1893. 166, p. Net parcel 1,185,870 158,975 95,351,560 From Jan. 1— Inc.—Profits Up— —1 George 200,393 23,891 ' 1,137,323 operating income Net after charges of of July 1, and Oct. follows: Ten Months Ended Oct. 31— before from 10,152,269 1,007,049 expenses Operating Net National Bellas Hess, Profit 24,548 12,296,641 Operating Gross Sales — Net 10,995,253 103,919,432 cents per 20 of year. in 1948 were as and Dec. 24, 40 Payments cents declared A similar distribution was made on April 1, portfolio securities. and Operating Net Dec. 24 to stockholders of record Dec. 15. A part represents a distribution from net profits on sales payable 95,510,535 10,971,362 103,719,039 revenues revenues— oper. $ from —V. Nation-Wide Securities Co., Inc.—20-Cent The 35,563,738 9,157.932 3,057,854 32,683,770 7,733,245 2,955,040 24,191,711 3.949,094 railway from Uncoliec. $ October— Gross 9 Southern Ry.—Earnings— Norfolk 1947—9 Mos.—1946 $ 12,321,199 Operating revenues (2313) Co.—Earning*— 1947—Month—1946 $ CHRONICLE From January From Jan. 1— Gross FINANCIAL & New England Telephone & Telegraph Nashville Chattanooga & St. Louis Ry.—EarningsOctober- COMMERCIAL THE Number 4653 Volume 166 a linerboard, loan of capital is corrugated $7,500,000 by supplying the medium and wallboard, the Reconstruction Finance equity money to supplement loan. cost of the project is estimated at more than $14,000,000. of the plant, the first of its kind in California, will early next year. It is expected to be in operation in 1949 with a minimum production of 500 tons a day of kraft paperboard, 500 tons of sulphate pulp and more than 200,000 feet of wallboard. The total The construction be started ware in Nov. the 27, BUSINESS—The company 1923. States of is Company South Dakota public a and incorporated In Dela¬ utility company operating was Nebraska. It has no subsidiaries. generating, transmitting, distrib¬ uting and selling electric energy in the east-central portion of South Dakota. It also distributes and sells natural gas in three cities in Nebraska, produces and sells manufactured gas in three cities in South Dakota, and supplies steam heating service in one city in South Dakota. Company has offered to sell its electric distribution system in the communities of Niobrara and Santee, Neb., to a local electric Company is cooperative engaged for the principally sum of in $60,000, and has not, at present been advised such its whether the sale, For and the not or its lines will 12 offer intends, company transmission munities then months will as the across render to cease accepted. be the In practicable, as soon Missouri River electric service of event Permanente dismantle to those serving 96 cities, villages, electric service unincorporated and retail at 29,184 to communities rural will areas. tively, are the of names unsubscribed stock week of purchased each by & ::: i>€- V William —V. 'X/.i " 166, J. P. Arms, C. S. Ashmun Co Caldwell, untary 4.878 Inc — trust 3.048 1.829 output Nov. 29, kwh., loans this of 1947 for and its Investment certificates dommdri for each Corp., will for investment an receive 7,203 stock bids shares this of class of stock will Dec. be sold for 10 The $235,039 $2,008,116 2,243 $234,787 $192,614 $2,005^873 $1,170,701 after 190,045 25,349 170,232 14,396 1,691,533 162,643 —V. 166, $7,986 $151,697 Rental 38,000,542 $4,769,830 $5,154,035 446,659 10,211 2,863 ($50 income—* of leased lines 17, 13, offered at Interest 61,220 funded on for debt as (without 117,827 166, Total Total 1,932,233 1,980,750 170,000 290,000 working bonds due July Operating $7,948,394 $7,338,483 $68,054,139 19,282 200,173 and Operating Operating $7,926,779 $7,319,201 $67,853,961 5,136,429 49,363,108 42,936,986 expenses Operating taxes 1 1,018,974 1,088,474 9,539,339 $891,664 $1,094,298 $8,951,514 $10,262,160 902,762 1,094,252 8,838,217 Research 10,140,004 —V. 166, company Dec. on asked 1 Net issory note in a like amount. The company disclosed that it plans to issue and "subject sell City of Cleveland York, New Trust the to income, Co.—V. 165, City market ry. railway railway 1946 1945 1944 $27,656 $24,654 29,622 20,054 18,526 965 1,536 1,255 3,406 3,339 2,114 1,627 $3,951, $3,245 2,253 2,137 $3;085 from Net from Net ry. National Cleveland of Bank and Earnings —V. the 1946 1944 1945 cost a $84,539 $140,910 31,8.32 24,521 86,364 and 1,151,206 $1.10 $0.77 share 2214. p. in 14,043 33,917 Manila a Co., New of copy York, Y., of the order an received from its Supreme Court of the pesos, 771,148 1,005,514 201,783 234,727 409,069 of the Philippines dated Nov. 19, 1947, authorizing the re¬ of the company to deposit with Bankers Trust Co. 341,960 equivalent to 2% of the $8,549,000 principal amount of first mortgage bonds outstanding, and directing Bankers Trust Co; to dis¬ tribute such deposited amounts ratably on account of the accrued and 760,313 46,307 44,464 133,181 297,908 1,350,088 unpaid interest 1893. been set for make a the of the funds distribution. further by It the is announcement Trust expected company that funds when no Phillips Petroleum Co.—Stock Sold—It Ban Francisco Stock 3 Va % Exchange 26.—V. 166, p. the to 2213. Kansas City, Mo.—Files with SEGM ' 24 filed Nov. on Nov. admitted were a" letter notification oi with the owC for 2,950 shares ($100 par) 5% cumulative preferred, 1947 series. Of total, 2,700 shares are being offered through the following under¬ writers: George K. Baum & Co. and Preseott-Wright-Snider Co., both the of Kansas City, Mo.; and remaining 250 shares The holders price, and $100 former share. a preferred.—V. Kenneth will be shareholders 162, Proceeds Van Sickle, offered directly will be to by Inc., certain the used to retire 6% corporation's dealings ry. ry. announced on Dec. 3. The warrants, which evidence right to purchase common capital stock of the corporation at $18 per share, expire at 3 p.m. cn that date. Transactions in the warrants was will be for cash only beginning Dec. 24, and through Dec. 29.—V. The of Parke, Davis & Co.—Arranges Bank Credit— The company has arranged With the National Bank sion The purposes. company also has loan to three-year revolving credit the proceeds to be used for expan¬ interest fund up at the to rate of $10,000,000 1^4%,. into a h 'J - "•« seven- serial term loan maturing on Jan. 31, 1958 at 2 lU %. Banks participating with the National Bank of Detroit include Detroit Bank, Manufacturers National Bank of Detroit, National Bank of New York, New 'York.—V. Bankers 166, p. Trust Co. and Guaranty Trust and the City Co. Net / J <r f.ri »v ry. oper. 1944 Net from ry, railway railway oper. 747,635,224 682,619,891 96,250,871 income___ 27,396,411 —V.. 166, p. 1996. 798,328,871 848,994,579 61,207,018 176,758,361 233,158,302 19,672,123 94,911,742 92,426,396 blower October— from railway 1947 Net 19.46 1945 1944 $823,489 $861,432 $739,843 $831,490 ♦80,245 14,734 *19,320 .65,345 . Gross from railway Net ry. oper. income *316,898 *173,866 *229,889 *129,332 9,851,281 9,548,662 10,069,064 railway Net from railway Net ry. oper. income— 819,621 *1,577,113 959,679 2,343,130 2,966,226 *1,089,024 43,041 637,497 There have been called redemption on Dec. 29, 1947, out of monies in the sinking fund, $101,000 of refunding mortgage and col¬ lateral trust 3V4% bonds due 1970 at 106 and interest. Payment will be made at The New Yrt"k Trust Co., trustee, 100 Broadway, New York, N. Y.—V. 166, p. 763. . . 32,607,961 35,<17,653 6,295,275 7,661,284 *662,949 3,356,125 412,441 657.396 3,733,199 5,942,437 576 Cr2,952,171 Cr3,732 436,522 4,927,658 4,511,087 revenue Auxiliary Operations; Net 392,291 .340,397 __ revenue net tTaxes 1946 1945 1944 $260,878 $189,459 $113,395 , $ 3,417,729 2,717,096 r. , 42,511 1,968 *31,537 56,585 33,237 *4,264 *13,340 revenue accrued ,,.700,632 $116,429 77,657 Operating income ♦Includes: Depreciation Deprec. 2,104,599 1,438,324 1,213,293 1,286,585 708,577 281,753 247,241 229,962 535,814 . 166, adjustments 170,167 177,498 176,614 Payroll U. dividend of a Exchange to Dec. due-bills on Dec. dividend said ex Govt, S. one share 30, must 2 directed until Dec. that the 1947; 30, capital redeemed be on Jan. 1948.—V. 2, 164, it pany, incomplete Government's removed * • Nov. on from or Part of blast furnace blast present complete to location and installed at the furnace at an Monessen Pig Arranges Private Loans—The com¬ Bartsch, timberlands mills for and and logging assures facilities operation years.—V. many 166, of p. the on the Olympic' Pbninsula company's three 2108. north¬ ^ Reading Co.—Earnings— October— Net 1947 from railway railway oper. income Net ry. 1946 $9,244,130 2,523,857 1,898,674 964,909 1,200,761 $8,478,198 733,851 from Net from Net ry. —V. railway railway- 83,620,703 13,802,890 21,729,715 10,062,012 income oper. 166', 95,635,886 5,868,829, 1944 , $9,710,288 , 2,333,163 852,7541 ,1,146,858 From Jan. 1—• Gross !%< 1945 $10,633,709 from 92,811,216 96,873,390 22,784,826/29,323,386 11,336,335 11,857,298 1895. p. iron operation blast furnaces, of the. Monessen furnace the company expects, to month for sale to other together have with 18,000 to manufacturers. 2214. p. — announced Dec. 5, has arranged loans total¬ the Washington, Gross ' the 1,563,016 the the in Pa., of the appraised 1 ••• proposes Monessen, at includes one or two turbo blowers furnace at- Cleveland,: Ohio. This 114,012 1792. proceeds are to retire existing term loans, according President, and the balance is being used to recently announced acquisition of a controlling interest Poison Logging Co. This acquisition gives the company pay'for the of was Edward to west approval announced approximately 97% sale its 20 and taxes.__ 166, p. ing $20,000,000 from the Metropolitan Life Insurance Co. and a group of banks. The loans are to be amortized over a period of 15 years. all that 12, 1947, in settlement of Exchange con¬ 1947, must be accompanied by due-bills; Administration be income Rayonier Inc. capital stock, of 6,0G2,102 profits +Loss.—V. has declared Stock taxes excess 1792. p. 20,000 tons of basic iron each Red Rock Richard Nov. 25 Mr. D. Bottling Co., Cleveland, O.-^New President Barr has been by G. Everett Parks, Barr elected President, it announced was on Chairman of the board. was formerly associated with Red Rock Bottlers, Inc., At¬ lanta, Ga., and was previously Vice-President and Manager of the Red Rock Cola Pittsburgh plant. Red Rock Bottling Co. of Cleveland, Pittsburgh and Youngstown, bottlers ■ 1947 ry. 1946 1945 1944 $616,841 157,400 $468,640 $369,389 $622,017 78,366 *16,763 railway railway oper. 82,718 10,160 220,458 income— (Robert) Reis & Co.—Registrar Appointed— The From Jan. 1— Gross from Net Net ry. railway from railway oper. income— ♦Deficit.—V. Madison 366 193,445 108,638 1 from from Net of Red Rock Cola, Hep, Clicquot Club Ginger Ale and Soda RICHardson Root Beer, have appointed Harold Merckle Associates, Ave., New York 17, N. Y., public relations and publicity counselor—V. 166, p. 1523. and Pittsburgh & West Virginia Ry.—EarningsGross for. 2,225,911 794,809 furnace. two Net Pennsylvania Water & Power Co.—Partial Redempt'n $ 103,382,823 3,853,666 cars__ 707,634 Government's October— ♦Deficit.—V, 166, ,p. 1894. of 82,543,824 t50,224 full-scale 166, 12 Mos.—1946 1947- $ 10,335,411 166, p. 2414. " >f production from this furnace will result in the 16,000 tons less of scrap each month and make possible production 6f 36,000 to 50,000 tons-of steel ingots, 'thereby augmenting steel. supplies for tubing, plates, sheet and strip. —V. from $ 689,823 24,010 10.772,788 From Jan. 1— Gross 1947—Montn—1946 9,792,971 11,017,410 Net company/purchasing own 2214. p. 5,632,327 remaining additional cost of approximately $1,300,000 and will miake every effort to begin new pig iron production by May, 1948, the announcement said. The blast furnace has a capacity of about 450,0d0 tons of pig iron its corpora¬ 1,502,443 company Upon this by 231.564,000 kwh., as corresponding week last year, the 639,600 the year.) for Corp.—Output— served totaled 740,672 prior will The 1947, 75,149 quoted all at companies 29, 51,894 York the located Mt. 2,837,538 income— Assets of division 3,578,210 to this company for $2,126,000, fair Value of the facility. The per Pennsylvania Reading Seashore Lines—Earnings- 166, revenues extensive Monessen from Net >), income--- 1945 12.5% .—V. Period End. Sept. 30— in sale 1946 $81,278,400 $78,018,089 $72,169,675 $86,048',421 9,973,094 12,854,724 12,346,790 25,400,104 3,226,633 8,623,567 4,244,069 10,054,199 kwh, company 327,181 income— not made War From Jan. 1— Gross J 8 railway railway Nov. the company's 1997. operating ended of appliance the to 402,331 The Pittsburgh Steel Co.—Buys Blast Furnace— 1947 from from p. President 5,772,663 of 954. October— Net 166, of accessible 10,316,777 2325. p. office where its domestic 4,891,655 value, for each two shares of capital stock, that the +Included: New be and 1.427,294 certificates delivered after Dec. tacts Pennsylvania RR.—EarningsGross stock The year :/'< of director a Corp., Knickerbocker 587,705 of $1 par value, record at the close of business on Dec. 12, 1947, payable 1947. Scrip will be issued for fractional shares. 30, The is Cory of 2,268,363 company Dec. He of 49,607,367 railway railway par and committee 917,608 railway oper. held $10,000,000 carries option an a of Detroit, $i executive 111., Sleeping Car Operations: Pittsburgh Forgings Co.—Stock Dividend— i66, City. City, 5,290,993 ♦Deficit.—V. 2107. buving York Car (The) Pullman Co.—Earnings— the p. the in Pittsburgh, Co., Inc., Mr. department of Kulin, Steel 38,835,607 from Net 30. it suspended of readily 205,765,000 of will headquarters Pressed 97,927 railway from be increase an First Snyder 609,473 From Jan. 1— Net will with Mr. 4,974,807 1947 oper. 1947, 110.448 Pittsburg & Shawmut RR.—Earnings— from warrants is the of week board 548,253 shares offered. from with of New the Peoples 4,692,900 October— frmo January, York of of Conducting car opers.__ General expenses See further details in V. the New York Curb Exchange at the opening of the market on Dec. cn purchase output the compared Total Airways Corp.—Warrants Expire Dec. stock that Chicago, which revenues Gross The for expenses Net Pan American the Chairman President director. a Public Utility Engineering & Service Electric tion Total Gross recently. proposal. City. plant.—V. Total Net 30— to and 111. Downie, New of elected was elected bankers, Corp., announced moved shares Offering outstanding York was 4 was Manager as Title Chairman ]jurcht&e'd by theuftderwrifkrs fieaded by The First Boston Cbrp. ahfr'soid t>y them'5 at $54.50 per ^hare on Dec. 4. the announced was were Emporia, Kan. officers, share¬ companv. 3197. p. / financing announced subscriptions had been received for 983,507 that in 1,007,517 Palace Clothing Co., The company debentures $2,000,000 of favor A'l nthe'* maintenance-.. the company's offering of additional common shares to stockholders at $49 a share. The rights expired Dec. 3. This represented a 97.62% subscription to the Pacific Telephone & Telegraph Co.—Bonds Listed— 40-year also Co., investment ♦Maintenance 5 was in Inc.—Snyder Chairman— C. Chairmanship resigned New located Total shares new voted company since duties immediately, the and been Trust new Co., Vernon, Bankers Trust Co. available.—V. 165, are . Dec. the which Corp., the Lawyers Hospital, has date 3398. p. Building— & Robert on fthe bonds. receipt* Pending approved 83% Dec. on Col. of has & trustee a Republic Bank $100,000,000 Ba..k accept the of is has N. 25 Finance Jr. and his To It Trust Nov. on stockholders Snyder, director Snyder 1946 $35,386,000 1,597,130 charges , The A ceivers 8,888 passenger elevators have been installed in the building at Dallas, Texas, by this company .at approximately $110,000.—V. 166, p. 1894. of taxes common Bankers counsel high-speed new National per 166, The will Four I. National Pa. Philippine Ry. Co.—Interest Payment Authorized— -Earnings- Otis Elevator Co.—Installations in Bank First after 2,799 N. directors of Loeb $84,992 income p. 30 1947 of 666,864 166, Nil $49,267,000 . *320 railway ♦Deficit.—V. $3.90 Sales 15,120 railway oper. 1,372,143 share common $3,050 1,500 Pressed Steel Car Co., *20,477 condi¬ first mort¬ $31,034 income oper. per Years Ended Dec. 31 *20,477 1,372,143 outstanding 1,500 shs. EARNINGS Dull, President, discussed the internal reorganization of company already consummated and plans for expansion now made possible by the new financing.—V. 165. P. 2803. Cr798,147 EARNINGS FOR QUARTER ENDED SEPT. From Jan. 1— Gross taxes 5,632,005 shares Net income Chase OF the has 1947 from from after 2548. p. October— Net items, Cr290,000 4,833.858 items Outstanding $150,000 3,604 Reconstruction assume $10,000,000 Bank Oklahoma City-Ada-Atoka Ry. Net non-recurring FINANCING 1584. common Floycl 595,668 income nine-month prom¬ a PRESENT $250,000 Fed¬ stockholders the the borrow to Jr.' Gross excl. non-recurring Earnings SEC satisfactory competitively National the of to pay gage bonds to aid its construction program. The $3,000,000 loan w.ill be made by the the : The by Of *310,477 2,500,000 reserve Common Financing— permission TO 1967_ Preferred Accident Insurance Co., N. Y.—RFC Loan— $ 72,465,000 13,005,326 reserve Penn¬ $36,978 money income John $3,000,000 from three banks before Dee. 31 tions," taxes 1583. p. Ohio Public Service Co.—Plans The 1946 5,075,800 Net Net - and reserves Taxes 10,167,375 operating income Net after charges Net before Inventory $63,366,521 6,016,141 revenues.- 1947 157,209,000 Income in capital. 1, State 166, p. Corp.—Earnings— Sales of 15,299 borrowed on shares $685,798 $ 145,635 500 $31,295 income, on eral re¬ (subordi¬ 2,000 shs. income Taxes —V. $63,512,156 21,615 revenues Uncollectible oper. rev._ bonds incorporated was ($50 par) expenses Net Nine Months Ended Sept. 30— 165 amended. as Dividends 1947—9 Mos.—1946 been Philadelphia, underwriters) Aug. 31, '47 1996. p. Philco had 1947.—V. $300 SUMMARY 207,457 $284,519 24, Company is engaged in the business of making to any borrower, and of charging such rates and making such additional charge in connection authorized by the Pennsylvania Small Loan Act of ; are 1915, Common stock 2,506,414 . share per Sept. par. BUSINESS—Company $5,670,419 * view therefor debenture 227,381 Balance Ohio Bell Telephone Co.—Earnings— 1947—Month—1946 cents Authorized 5% Int. —V. Period End. Sept. 30— 62 >/2 including CAPITALIZATION, GIVING EFFECT 2,602,356 income taxes quarter in 1935. exceeding PURPOSE—Additional $5,216,489 deductions last stocks Small Loan Co., Inc.—Debentures Of¬ & Co., Inc., par) AND 516,384 $179,391 841,288 1583. p. income Miscellaneous 150,022 $19,393 charges not interest 1946 41,427,693 taxes) of and 8 Mos. End. Provision Net inc. stock sylvania May loans of $46,197,523 $43,154,577 (excl. the declare preferred Yeatman also company HISTORY June 1947 to up 1,231 Gross income 3,795 to second conserving cash for the introduc¬ cently offered $150,000 5% debenture nated) maturing July 1, 1967 at par. therewith Non-operating income $1,171,932 taxes voting STATEMENT revenues Operating 1947—9 Mos.—1946 $192,740 126 expenses of and certificates trust distributions issues fered— Suplee, invol¬ separately. EARNINGS Operating expenses and taxes 252 rev. Operating revenues purchase preferred and for need Camera. quarterly both on action no the Pottstown (Pa.) the 1946. Polaroid took 2 preferred and 2142. common voting Nine Months Ended Sept. 30— 1947—Month—1946 Operating operating of undergoing company participating company. CONSOLIDATED Operating Period End. Sept. 30— Net for increase an week 2213. p. 1.219 Co Ohio Associated Telephone Co.—Earnings— Operating Operating kwh., corresponding the of first income Regular subsidiaries 139,126,000 to the over ; "XS'l tion Dec. on the on reduced p. 1.219 Phillips 5.488 Co revenues Uncollectible oper. directors dividends of capital. working and company amounted 10%, or dissolution, shares 2107. p. 166, Transit 4.878 Co 5.488 Inc Staats R. & Wood & Co Park-Shaughnessy & Co. 5.488 5.488 Co Co., Collins Harold E. 5.488 The First Cleveland Corp. Kalman & Julien 8.536 '6.707 it Ames, Emerich & Co., Inc. Cruttenden Polaroid Corp.-—Dividends Deferred— The Davis & Co — bank reduce a common Philadelphia Transportation Co.—Bids- Stifel, Nicolaus & Co., Inc. 34.758% Co'.l1 of respec¬ Percentage 5.488 Percentage Paul H. —V. the electric ended 12,686,000 follows: as A. C. Allyn & Co liOewi & and underwriters several be to Co. to used be The the same date, the company supplied at retail natural gas to 11,412 customers in three cities, manufactured gas to 8,387 customers three cities, and supplied central steam heating service in one city. of & registration statement with the SEC stock (par $1). Underwriters, and Schwabacher & Co.", San Franciscp. Proceeds shares Philadelphia Electric Co.—Weekly Output— in UNDERWRITERS—-The Calif.—Registers made At percentage Oakland, Monday, December 8; 1947 The 150,000 Witter Dean in customers and Cp., The company on Nov. 24 filed covering ended supplied company Cement FINANCIAL .CHRONICLE with SEC— Nebraska. in & com¬ July 31, 1947, the company derived ap¬ proximately 66.5% of its operating revenues from the sale of elec¬ tricity, 24.6% from the sale of natural gas; 8.6% from the sale of manufactured gas, and 0.3% from steam heating. At July 31, 1947, the COMMERCIAL THE (2314) 10 u 5,648,665 3,918,437 5,839,161 6,104,761 1,448,427 417,612 1,643,890 1,874,592 978,414 400,110 1,124,731 1,528,560 166, p. 1895. Central appointed ence $1 —V. par $10 value; 166, Hanover Bank registrar stock, p. par and 2108. for & 126,522 value; 720,559 Trust Co., shares of 100,000 shares shares of New $1.25 of York, N. Y dividend second common has been prior preference stock, $1 par prefer¬ stock, value. directors Dec. on declared 2 the regular quarterly cents share per record Dec. Jan. 1948 5, Fiscal Years Ended dividend of on the capital stock, payable Dec. 22 to holders dividend of 50 cents per share, payable stockholders of record Dec. 22, 1947. No extras were paid during 1947.—V. 166, p. 1724. 40 of (Joseph E.) Seagram & Sons, Inc. (& Subs.)—Earnings Dividend of 50 Cents— Reliable Stores Corp.—Extra The THE COMMERCIAL & FINANCIAL CHRONICLE Number 4653 Volume 166 15, and an extra July 31— 1947 Profit after all operating charges Income and excess profits taxes Net $38,603,971 $20,420,746 --- 1724. Seattle Gas Union & Bag below.—V. Corp. Paper 1523. p. Dividend— York, successor depositary, 140 Broad¬ way, New York, N. Y., will disburse on Jan. 6, 1948, dividend for the year ended Sept. 30, 1947, of 307* less British income tax, to the registered holders of American shares certificates for ordinary regis¬ Trust Co. New of Net from Net 82,113 income— oper. ry. 332,589 256,942 railway— railway 19,934,742 21,622,570 5,428,832 6,560,867 from Net ry. income— 2,002,070 2,436,067 —V. 1,769,660 oper. 166, 31,757,390 16,848,310 2,745,580 27,937,039 9,570,451 from Net 1895. p. PURPOSE—Net tirety to: (li proceeds The to applied by are EFFECT TO PRESENT 1st mtge. bonds, Note payable, cumul. 3%% 2 V2 % Rieke until stock.. interest had when 1945 Approximately Rieke interests.—V. company for 25 purchased 57,000 shares of the capital shares have been re-purchased; by "the 62,000 152, this of control in been Miller 2719. p. HISTORY population Net from 1946 1945 1944 $573,749 $493,619 $421,652 $489,065 88,613 Net railway 64,200 13,449 62,146 railway income oper. ry. 26,889 *20,093 22,054 19,086 from' Net from Net ry. 4,844,943 4,263,596 154,653 4,312,503 235,776 *511,058 *209,218 *63,141 income oper. ♦Deficit.—V. (par $10)— 500,000 shs. Net Net for in Feb. sale of 1947. 25, Seattle. in gas The stock each l/10th of bearer, be old of share be be plan In provided exchanged share a form stock common $954,616 92,880 441,822 income— from Net 97,690 97,204 189,873 *247,348 14,106,937 12,920,735 14,999,206 3,369,619 6,408,005 7,605,513 1,904,865 1,274,378 1,860,744 income Gross 16,081,863 3,870;7ll operating Other railway oper. income-.. ry. * Deficit.—V. 166, p. the 1930 of new issued for second October— Net from Net ry. railway 1947 1946 i* OF fractional The 1944 that interests Landeryou & Co. and INCOME, 9 MONTHS from Net ry. ♦Deficit.-V. Chemical —V. p. Trust .Co:, New and common Net ry. $293,641 95,422,768 96,469,189 from 16,943,444 8,637,466 24,995,542 30,319,507 share, both payable 7,971,068 4,019,574 12,015,918 14,156,808 holders will not be The 1 directors 166, p. 1827. in Nov. on ordinary bution income stock Ry.—Earnings— 1:>46 1945 declared 28 and Dec. from from Net ry. $237,356 $258,403 $255,382 38.503 698 44,227 50,347 *8,922 *37,932 8,430 15,091 gains as 166, p. in 1946.—V. 166, p. 3,288,396 1,385,169 a 341,924 callable bonds and second 123, commission of 75 cents. Dec, 4.—V. 166, South Building The offering Net from Net ry. Title The 1945 1944 $299,590 1,496 2,907 *12,528 Building Annex), Insurance Los Angeles, to All $176,467 be Co. (Edwards Angeles, Los Calif. it Calif., Dec. On the if Co., until leasehold be at EARNINGS *59,bi2 *47,330 *o3,7U3 4,008 2,503,400 2,193,354 2,419,028 Total Total 67,139 41,208 99,945 133,255 *569,352 income *521,958 *429,813 *395,885 co-trustee, Dec. South 433 opened price a declaration Air group headed award Dec. brings total 1946.—V. payments 166, p. in 1947 to lower than FOR SIX ordinary (including MONTHS ENDED OCT. 31 1946 $130,328 102,990 Amortization of on taxes bond bid issue 99.66 the was for issue will estimated a awarded 234.% EARNINGS on be to used be to provide $10,015,411, of for new not more railroad Net Net from from ry. a bid of OCTOBER 1947 railway- $9,426,093 railway oper. than 99.262. Salomon Bros. & Hutzler expense. 766 from Net from Net ry. —V. 1,480,138 income 501,455 $15,125 railway railwayincome.— p. 16,753,210 1,078,993 1,109,188 4,247,098 4,557,556 38,398,519 32,657,043 ♦Net FIRST 1946 TEN *$3,540 bank in of terms SHEET, and trust OCT. hand, on indenture 31. 1947 $13,442; (for cash payment (trade), ferred leasehold $1,301; estate, total, $51,779; expenses, LIABILITIES—Accounts equipment, of by co¬ deposits, (net) etc. $593,900; de¬ $729,167. payable and accrued liabilities, $15,984; taxes accrued, $39,430; accrued interest on bonds or held lease accounts receivable (at rate of 5% lease deposits and advance rentals, $1,810; in¬ bonds, due Nov. I, 1956, $742,000; capital value), $1,553; deficit, $88,606; total $729,167.—V. 162, $18,550; annum), come leasehold stock ($1 par mortgage ry. 1945 1944 $8,966,047 $10,217,454 $11,639,905 2,970,857 1,320,250 4,228,222 463,960 1,535,415 1,867,205 97,793,820 92,863,218 110,361,461 117,976,596 18,358,226 16,187,623 34,562,507 44,797,737 7,243,340 7,903,590 15,949,751 18,849,003 2108. oper. income- provision interest charges on outstanding debt, for or other ry. railway from Net 3,453,807 2,836,587 2,985,801 income-— oper. 1944 1945 1946 $37,698,949 $33,301,889 $39,441,005 $40,749,167 8,789,841 2,506,476 4,803,695 10,709,352 railway from Net COMPANY ONLY 1947 October— 3,103,938 French & recently arranged for a Laboratories—The before Dec. 1961, carries Dec. 31, 1956, and 3% thereafter. Proceeds laboratory The ness will 31, used be finance to The note, due interest to 2%% train costs of a new 10,750 Dec. 2 announced 9,830 additional its previous postwar orders for company's expenditures for new rolling stock millions of dollars. A. T. Mercier, President, said, and will make a total of 20,580 freight cars ordered since the end of the war. The present authorization, it was stated, provides for addition of 3,350 box cars, 2,850 flat cars, 3,400 gondolas, 350 covered hopper cars and 80 cabooses. They will be for use over the railroad's system. In announcing the new purchase plans, Mr. Mercier said that actual placing of orders would be expedited with a view to securing earliest possible delivery. Shortages of materials and construction difficulties, he pointed out, have held back deliveries on the railroad's previous large orders. New freight equipment is coming through now in some quantity but still not at the rate predicted by builders some months ago.—V. 166, p. 2215. company in in Pennsylvania June 29, 1929. Company manufactures ethical drugs. organized was 1841. Gross over Proceeds a Net ry. a retire of be used to the balance company manufactures hinges for the currently automotive and Soss, aim for modernizing of President, at jeast states: a 00% manufacturing "This acquisition of increase methods, in new production acquisition 2,643,933 218,376,284 87,509,270 24,400,376 27.362,298 1,941,169 ry. railway from Net oper 166, P. 16,940,042 income 2215. H. Rollins & Sons on Nov. 3 1,788,433 14,645,837 Inc—Stock Offered—E. offered 10,950 shares of com¬ out¬ building stock at $6 per share. mon capital through of new Proceeds go to selling stock¬ holder.—V. 166, p. 1828. Southwest Lumber Mills, Inc., McNary, in Capital—Rights to Stockholders— The (par authorized $10) shares J. to us 2,603,828 182,692,180 177,576,125 212,018,062 40,467,344 34,105,093 78,042,968 income railway from Southwest Gas Producing Co., industries. Charles oper. From Jan. 1— 4% % interest. a railway from Busi¬ Privately—The 12-year period and bearing will 1 °47 1<«6 1945 1944 $19,795,285 $18,943,322 $19,919,647 $22,120,064 4.778,618 3,997,483 7,094,098 8,573,662 railway from Net —V. standing long term bank loan of $425,000, with the remainder allocated principally to the expansion of manufacturing faci'ities. the cars. raise the will Net construction Soss Manufacturing Co.—Loan Placed allows of many Gross Philadelphia. at founded able half than October—• company $5,000,000 sinking fund note with the Prudential Insurance Co. of America. or Additional Equipment— more freight cars are still undelivered, the company on was calling lor bids with a view to puichasing new This 33,889,029 2215. p. Although 30,234,083 20,558,613 26,518,164 income— oper. 166, Southern Ry^—Earnings— Kline Smith, on railway from ry. 343,733,826 321,771,933 409,538,014 413,399,831 80,240,445 34,614,840 106,850,811 128,481,270 railway from Net —V. 3200. p. it was announced Dec. 1, has arranged a $1,000,000 loan from the Prudential Life Insurance Co., pay¬ MONTHS — EARNINGS OF by taxes, bond interest, and bond retircmrnt), $68,746; The oper. 166, 16,911,548 92,264 it 2,000 company, AND From Jan. 1— Gross 1,746,137 108,626 equip¬ coupon.- FOR October— Gross Cr67,883 1,860,394 (net)_ 10,204 ment. The Crl2,158 (net)_ rents 19,412 10,204 1,207 income BALANCE per of 13,184,691 12,134,295 21,554,316Cr25,8'57,692 1,389,719 1,373,346 2,281,936 Cr4,818,397 63 1,970 rents taxes To Buy loss. payable the-cost, 6,751,410 7,877,904 facility Cr4,194 profit ♦Net to inclusive. The certificates, issued under the Philadelphia Plan, were immediately re-offered by the group, subject to ICC authorization, at prices to yield 1.40% to 2.95%, according to maturity. Other members of the offering group include Otis & Co.; Phelps, Fenn & Co.; R. W. Pressprich & Co.; Blair & Co., Inc.; Equitable Securities Corp.; L. F. Rothschild & Co.; Shields & Co.; Freeman & Co.; Graham, Parsons & Co.; Kean, Taylor & Co.; Wm. E. Pollock & Co., Inc.; R. L. Day & Co.; First of Michigan Corp.; Mullaney, Ross & Co ; F. S. Yantis & Co., Inc.; Mason, Moran & Co.; and Thomas & Co. 51,357,476 4,423,125 109,187,593 679,056 6,202,736 791,192 11,868,948 city taxes freight Net certificates, 1962, 1,292,998 and Miscellaneous 103,494 taxesi $2.20 per RR.—Equip. Trusts Offered—A by Halsey, Stuart & Co. Inc. won the taxes- taxes taxes Federal Gross 18,550 ASSETS—Cash of $7,500,000 equipment trust 1 insur. county Gross lowest offers submitted wi'l the redemption price of said bonds retired on Federal 1056. Line 11,856,004 675.170 fr. ry. opers._ St., 16, interest series C, 2%%, maturing $500,000 annually Dec. 15,1948 of Spring $145,882 trustee under Seaboard $ 42,134,059 437,355,440 406,761,738 37,710,934 328,167,847 355,404j262 Wildey 1, Proceeds rev. retirmt. State, 16, 1947 receive bids lor the bonds to an amount sufficient Dec. on STATEMENT expenses Bond 1895. share, double that paid in 75% Net Unemploy. Fed. mortgage income Discount per current expenses- Tenders of $16,639. sum will tenders common The oper. 47,936,191 36,080,187 revenues- $ $ $ oper. From Jan. 1— the directors declared the regular quarterly dividend of share and an extra dividend of 30 cents per share on stock, both payable Dec. 29 to holders of record Dec. 13. Like amounts were paid on Oct. 1, last. cents 1947—10 Mas.—1946 1947—Month—1946 Railway ♦Before Trust & will income of accepted, 53,595 Sangamo Electric Co.—Extra Distribution of 30 Cents the Co.—Transportation System Earnings Southern Pacific Net p. shares nonoperating income items. Depreciation 40 & — 1947 166, Co.—Hearing on Stock Sale— of Period End. Oct. 31— bonds. 2,677,002 railway ♦Deficit.—V. 2215. p. Equipment Sought—Earnings, Etc.— RR.—Earnings1946 income... oper. withdrawn was 1584. p. Grand and sale 911. p. $229,212 railway__1 railway 29,. 1947 for the hold hearings Dec. 9 on application of the company Commonwealth Si Southern Corp.) to sell a sufficient ($5 par) common, stock to obtain approximately $20 000 000. The latter fund would be used to purchase additional shares of common stocks of its subsidiary'companies to assist them in financing their construction programs.—V. 166, p. 2215. Jt, 1947 from Co.—Weekly Output- Of Railway 571. 294,558 $271,693 . stock will of number per 1828. railway oper. ry. $1.60 output (subsidiary Share¬ amount to 65 cents From Jan. 1— Gross cents 1,147,693 October— Net with 1947 will Dec. share per 23 3,203,953 outstanding first mortgage 4% from cents of 92,421 Antonio Uvalde & Gulf from 23 of dividend stockholders ~of record Dec. 18. to received by the company at the office Fifth Street, Los Angeles 53, Calif., up 9, for the purchase of 800,000 shares of (par $25).—V. 166, p. 2215.. be West on preferred SEC The , given the option of taking the capital gains distri¬ asset value this year. With; the dividend of 19 cents compared to exhaust Net been stock. 496,365 Washington Avenue, Saginaw, Mich.—V. Gross has 2,923,049 callable bonds, both due Jan. l, 1952, have been called for redemption on Jan. 1, 1948 at 100 and interest. Payment will be made at the Second National Bank & Trust Co. of Saginaw, trustee, 107-115 San Y., preferred 232,531 mortgage No. N. — 609 the of 601 this company for the week ended Nov: totaled 2,564,000 kwh., as compared with 2,324,000 kwh. corresponding week last year, an increase of 10.3%—V. 166, $207,035 810,191 income Saginaw Shrine Temple, Saginaw, Mich.—Calls Bonds All 137,877 will bids (PST), Southern Colorado Power N 3,324,683 railway railway.., ♦Deficit—V. $344,912 Shamrock Oil & Gas Co. Special Offering—Merrill Lynch, Pierce, Fenner & Beane on Dec. 3 made a special offering on the New York Stock Exchange of 23,200 shares of common slock (par $1) at $29 per share with income oper. written a.m. Southern dividend a capital a 29 166, p. 956. Co.—Invitation for Bids— 1944 $279,600 railway Net share, per From Jan. 1— Gross its 9:00 cumulative 51,271 *•- Selected American Shares, Inc.—46 Cents in Dividends 1,790,879 share in 1948.—V. per President, Sealed to • 76,419,518 railway oper. 60 cents as Southern California Edison 1,952,103 1998. 84,715,620 10 are 1946 $2,245,749 York, Co.—May Pay 150 Div.— scheduled to be held on Dec. declare a dividend of 15 cents per share, according to ♦ This may not be construed as a regular dividend, but earnings to be at a rate which would enable the company to pay as to said are much 30 3,541,493 1d47 from SEPT. cumulative par) their meeting at directors reports. Co. 135,677 & ($50 shares Southeastern Public Service The old $282,207 for ithe *1,670,189 315,175 October- Net Si $166,320 Bank 1,505,187 St. Louis-San Francisco & Texas from the 2,365,020 taxes paid in June, this, year, total payments in Gross $5 $2,647,227 and _ 1,979,893 income.__ oper. the old Co.—Registers with SEC registration statement with the SEC cumulative convertible preferred and 1,091,586 shares ($4.50 par) common. Underwriter, Kidder, Peabody & Co., New York. Shares initially will be offered for sub¬ scription by company's common stockholders. Unsubscribed shares will be offered publicly. Proceeds, together with other funds, will be used to purchase all of the outstanding common of South Carolina Power Co. from the Commonwealth Si Southern Corp.—V. 166, p. 2215, Dec. 2 filed a on 80,8'58 common that Shea ENDED $586,038 <• interest.—V. 166, p. 1523, excludes minority South Carolina Electric & Gas expected deductions 1,035,434 railway railway 139,500 $675,082 profit certificates scrip and net The company covering 1056. p. 166, 232,400 104,400 taxes income NOTE—Above statement exchanged 19,790 2,193,583 income from Net of of new be $301,997 registrar $8,959,032 $10,307,298 From Jan. 1— Gross of (net» Net income 166, S. taxes income Aggregate name stock income.— appointed 1945 $8,472,653 $9,462.810,• railway oper.- Consolidated Security Banknote Co.—Registrar— • from U. share each shares stock; common for that 5V2 preferred income interest —V. 1895. St. Louis-San Francisco Ry. —Earnings— Gross for 1,630,113 Total 135,553 52,500 182,700 ___ Electric railway from Net Provision Wash. From Jan. 1— Gross Colombian of $1,513,760 726,849 $1,137,296 186,931 $1,145,991 152,505 46,100 for 1947 Net 1946 1947 $1,160,787 Provision canceled. STATEMENT 1944 1945 1946 $1,138,517 railway railway oper. ry. and on that 331,236 166, p. 2214. 1347 from from King County, municipalities was 482,750. 1945 of preferred stock; Subs.)— (& Co. _ Depletion company was changed to Seattle Gas Co. In 1947 the capitalization of the company was changed pursuant to a plan of recapitalization approved by the SEC, which plan was also approved and enforced by an order of the U. S. District Court, St. Louis Brownsville & Mexico Ry. —Earnings— Gross in Total .operating revenue Total operating expenses October— 26,890 AND 71,039 :- Platinum & income 5,800 shs. 261,812 shs. 6,000 shs. __ company was incorporated in Washington March 18, 1904, the name of Seattle Lighting Co. and acquired the business property of the two companies then engaged in the manufacture, 4,278.592 26.857 railway Gold American 940,000 UNDERWRITERS—Smith, railway 1946 $1,496,239 2146. p. Deprecation The From Jan. 1— Gross 166, Consolidated under and first 1947 from Gross —V. $5,100,000 - (par $50) 31 364,013 earnings BUSINESS—Company is an operating public utility engaged primarily in the business of manufacturing, distributing and selling gas to the public in Seattle and the municipalities of Renton, entered Rutland RR.—Earnings— October— OCT. ENDED $2,654,972 Net Outstanding series, due 1976 pfd. stock conv. Common stock distribut Michigan. The years MONTHS TEN FOR capital indebtedness consists stock, whose regular annual to $1 last month. cents 50 FINANCING Authorized Kent, Tukwila and adjacent territory, Rieke Metal Products Corp., Auburn, Ind—ControlGlenn Rieke, President, on Nov. 21 announced that negotiations have been consummated whereby Irvin and Glenn Rieke have re¬ purchased control of this corporation from Miller Manufacturing Co., Detroit, common from sales South GIVING par) 1947 the company in their en¬ $250,000 to the Middlesex of ($1 increased was company's the loan, new shares rate EARNINGS a note for and (2) To increasing working capital of repayment CAPITALIZATION 6% From Jan. 1— Gross dividend Nine Months Ended Sept. 30— $3,129,076 1,573,673 176,911 the 195.000 Net 1944 $2,456,016 847,092 $1,950,016 487,762 182,089 $1,815,105 railway railway 1945 1946 1947 from of Stock Offered—Smith, Landeryou & Co., Omaha, Neb. and Shea & Co., Boston, recently offered 5,800 shares of 6% cumulative convert¬ ible preferred stock (par $50) at par. RR.—Earnings— Richmond Fredericksburg & Potomac October Preferred — National Bank, Everett, Mass., the company. tered shares of record Dec. 4, .1947.—V. 165, p. 112. Gross Co. program force." Besides 166, Rhodesian Selection Trust Ltd—30% Guaranty entire our ployee Reynolds Spring Co.—Sale of Plant— See greatest the a result of the new should be completed and our new facilities well in operation within the next six months. "Expansion is necessary because of a heavy demand both for our old products and new ones which we have developed. When completed, the program will require sizable increases in our em¬ loan $66,088,971 $45,033,733 27,485,000 24,612,987 profit 166, p. for lines equipment and rearrangement of production possible efficiency." We anticipate that as 1946 to -V. 11 (2315) for of new one to capital 500,000 by — from 300,000 shares The company offered 40,000 stockholders at $7.50 per share on basis was shares, subscription Ariz.—Change share for each 7Va recently changed (par $1). shares held. purchased by Imperial Trust Co., Ltd., shares outstanding.—V. 166, p. 764. Unsubscribed shares were Montreal. This makes 340,000 ** *> nWMWw mill 12 THE (2316) Southwestern Investment Co. tures Placed Privately—The company prior to Nov. 1, 1947 sold privately to two insurance companies $700,000 4% subordinated debentures, due Nov. 1, 1956. See also V. 166, p. 2147. Public Southwestern The SE'C on Nov. 26 pursuant their to pre-emptive rights.—V. 166, Tne and said no date was set for a possible subsequent hearing and that, as a result of the ruling, the contemplated merger may collapse. He said any further action must come from Mission Corp., which, it is said, is dominated by the Getty interests. In Los Angeles, Federal Judge Leon R. Yankwich heard arugments on a companion petition filed by Mr. Skelly to enjoin Sunray's merger with Mission, and with Pacific Western Oil Corp. as well. John Thatcher, In and President Wet from Wet ry. 1946 1945 the $160,139 $105,888 51,898 55,037 * 12,331 31.670 32,629 39,029 17,149 16,954 railway income oper. Wet from from Characterizing less Wet ry. 1,602,507 1,312,505 1,763,897 1,725,226 418,022 304,240 596,775 529,373 153,480 146,528 213,787 196,879 income___ oper. ♦Deficit.—V. 166, October— 1947 Wet from Net ry. railway 1945 1944 $1,724,199 $1,448,309 $2,316,578 522,171 398,584 '912,967 555,499 income--. 163,342 303,054 '717,240 348,602 18,300,046 15,684,186 22.109,448 21,571,568 from Net from Net ry. railway 4,027,414 166, p. 2,340,301 5,997,081 6,855,940 1,197,250 income.-. oper. ♦Deficit.—V. 1,057,459 2,808,735 3,348,249 1896. gasoline plant in announced the Levelland its intention of which time will natural a Brewster and He Staples Mr. Mission their for all of shares 6 of the Mr. cor¬ that the approved determination, appeared of stock Sunray the on Sept. 1947 of Sunray Exchange substantially in price of Oil ratio this same of earnings and dividends period makes the proposed was still thorough their judgment of "Prior Mission to merger selling average Exchange a the of from York approximately $35 Jan. The Stock share. two for 1946 average Exchange The seem more debt and senior security merged company is fully warranted by the assets and earnings of the merged company," Mr. Staples concluded. p. 2216. the 166, Philip B. Scott have elected been from Net and Net ry. Vice- 1946 1945 1944 $346,077 $335,565 $393,362 associated was entered left the the with the New employ of Stone in 1942 to company Scott was Websetr, enter the Inc., Naval and director a of for in several January, Reserve & Webster in January, Vice-President a & York Trust Co. 1946. General and Gross 24,502 69,582 81,354 *8,735 *24,093 58,968' 9,492 Net from Net ry. Texas The Period End. Sept. 30— Gross Earnings: Engineering and struction ACCOUNT 19* i—9 Mos.—1946 $6,219,741 series due $11,367,008 the Co., $120,000,000 For 1962. New first offering, N. Y„ mortgage V. see Corp.—Trustee— York, 166, has been line pipe appointed bonds 3Va % 1998. p. 2,414,461 1,777,427 from ry. 1945 789,409 1,076,703 1.093,829 1,573,416 497,591 486,342 664,745 644,098 Gross 218,760 223,595 296,536 481,493 Net from $188,124 $190,921 Net ry. 129,788 1,259,787 502,239 1,597,847 33,021 29,053 57,783 38,365 71,731 7.626 62,110 5,321 41,591 *32,033 2,427,133 2,049,530 1,861,370 1,992,418 income 41,360 Profit from in invest, transac. (net i secur. Other subscribe $12,466,266 $10,606,061 Operating Taxes, expenses except taxes 1,054,482 575,204 629,930 for Int. and which taxes 229,069 325,116 428,812 166, 387,357 583,764 503,887 Net 219,745 214,062 Net ry. of Net Net 973,000 1,394,066 1,331,540 Cr32,112 Cr2,412 Cr41,797 Cr2,412 $1,906,102 $2,412,658 $2,404,025 2,630,489 2 104,391 $1.14 $1.59 $0.91 $1.15 CONSOLIDATED EALANCE ASSETS— on ©. securities Government securities, ing business notes cost gas less 1945 PURPOSE—The the $9,288',986 $11,261,856 1,916,650 2,650,307 4,720,826 1,261,297 1,720,969 1,343,573 1,133,621 93,621,614 84,989,805 1 01,921,080 111,660,436 28,947,148 16,742,636 38,614,390 49,272,024 11,880,355 income-..- expansion of its existing facilities Due to changing conditions re-examination and change. It is currently estimated that it will cost approximately $10,000,000 to com¬ by interest 1946 12,098,431 12,437,850 10,640,436 clients on and receivable construction, at cost or less mineral interests, other for 2,793,43*3 is 6,157,382 stock 66,744 3,318,514 1,174,198 bank- &c. 438,635 cost less 436 718 494,274 re- 6,073,570 reserves program rights, Prepayments 332,408 150,000 47,084 142,529 Deferred charges 193,902 139,288 etc nine months With ended effect 110,557 $32,436,376 $33,846,817 The Sept. in egel the the the Be net earnings the on same for basis the 30, quarter under review. the to Co. the of largest payable (bank Accounts loans loans) $300,000 within one Provision Interest ■Other for (amortization yean taxes accrued Reserve Minority of 110,000 on construction, shown As company. of subsidiaries Capital stock Capital (2,104.391 surplus Earned surplus 3,030,000 93,320 in (since Jan. no pari 1938) Interest and Res. for pens. —V. 166, p. 2215. to for oper. previously reported, the Thermoid Co. Manufacturing Co. STATEMENT -OF is MINORITY AND LOSS of which Union and Union & Bag 96,511 264,293 291,615 & Paper was Paper 1861. engaged primarily in the manufacture and sale of bags, container board and corrugated sheets and bosses made southern kraft pulp of its own manufacture. Among the bags paper from is (such as potato and coffee bags), fertilizer and sugar bagsi, grocers' sacks and millinery bagsi. Company also makes and sells bags made from purchased paper and films, such as cellophane and glassine and white paper. In addition the company manufactures and sells waterproof paper (sold under the trademark "Scutan 'i and kraft paper and sells by-products from its pulp manu¬ facturing operations, of which tall-oil (used in soap, paint and other (such variety is 1 specialty are bags and bags cement, as (such bags the most as important. GIVING EFFECT FINANCING PRESENT TO Authorized Notes payable Notes Outstanding +$3,000,000 +$10,000,000 banks to payable for purchases of timber589,361 Capital stock ''With <no interest various at dates 1,483,298 shs. 1,500,000 shs. pari if any, rates, from to 1948 tThesc 1961. and to 5% varying from 2% notes maturing outstanding are dated Sept. 25, 1945 (as amended) between the com¬ s'x banks represented by J. P. Morgan & Co. Incorporated, Under this agreement the banks have made a commitment agreement and agent. Sept. Sept. the 1948 25, 1, notes lend to Interest 1955. t?he up company at the is charged $10,000,000, to annual ma¬ 21/4% of rate (until Sept. 25, 1948) a com¬ mitment fee is charged at the rate of V4 % on the unused portion of the total commitment. The agreement provides for annual prepayment on notes 1948 the that each of name shares scribed for not offered the have number underwriter holders to $300,000 of include plus lesser the the previous calendar notes which the com¬ its balance sheet. underwriters proportion the of rate the net profits of current liabilities in as the in opposite the at of and given above do figures carries pany in $200,000, or 10% iThe year. outstanding, payable beginning of amount severally shares of bears to stock capital agreed pur¬ below forth set shares, 211,861 shall as to such be not No. of Shs. 25,361 BIyth & Co., Shs. Merrill 12,500 Inc Clark, Dodge & Co Dominick Hemphill, F. 10,000 Dominick & Peabody & Co W. Marks M. sales, of & Co.__ 7,000 Inc. 12,500 3,000 Smith, Barney & Co Union Securities Corp._ & 12,500 H. G. less Rollins & dis- H. Walker & 12,500 12,500 Co 5,000 8,000 White, Weld & Co 10,000 Dean Witter & Co 8,000 OF INCOME Sept. 30,'47 —Years Ended Dec. 31— 1946 $46,052,058 $44,871,180 &c. products Sons, 5,000 Co. 9 Mos. End. Cost Pressprich E. STATEMENT counts, 12,500 Riter & Co & Space & Curtis R. 5,000 Minsch, Monell & Co Gross 12,500 Paine, Webber, Jackson 10,000 Inc. Co., Kidder, Beane 8,000 Lane, Laurence Lynch, Pierce, Fen¬ & 10,000 Weeks Hutton & Co Johnson, nel' 10,00o Noyes & Co.-__ Hornblower & E. sub¬ by exercise of rights, as follows: Morgan Stanley & Co 25,508,986 sold__ 1945 1944 $41,391,116 $39,021,078 29,269,240 26,417,863 25,728,567 5,258,436 6,569,876 5,740,712 5,336,266 $15,284,635 108,631 $9,032,064 $9,232,540 $7,956,245 224,773 275,389 180,792 $15,393,266 $9,256,837 $9,507,930 $8,137,038 Delivery, sell., adm„ &c. profit income Gross income Income income 295,313 Fed. excess taxes 286,884 5,650,000 charges Federal State 27,783 24,473 79,800 3,400,000 3,140,007 empl. 24,000 63,000 73,319 74,500 72,000 468,854 taxes based on inc. 2,605,065 500,000 482,812 4,060,000 profits taxes 3,438,868 50,000 550.000 315,000 161,456 282,641 $8,897,953 $5,254,953 $1,646,467 $1,277,650 2,860,142 1,652,521 1,080,486 953,336 73,417 293,400 corn- & Co. and itself the several other companies, Bag Machine Co., a patent- Renegot. of war contracts taxes- yr.-end consolida¬ the by Co. Bag Paper of mergers Un'on was formed was of Jersey, The formed in company company Other INTEREST) debt of income PROFIT debt expense off. New in Co. consolidations of Operating 1947—3 Mos.—1946 1947—9 Mos.- -1946 $5,321,975 $4,871,524 $17,810,527 $15 796,491 1,495,920 144,195" 314,151 476,013 84,131 funded & Paper Net 63,000 income Dividends Buys Building— Net 147,588 5,000,000 5,000,000 8,926,605 7,111,318 6,884,854 from — amortiz. $32,436,376 $33,846,817 profit before traordinary * Extraordinary ex¬ income The $104,913 income- $217,529 $610,973 464,366 $422,763 464,366 N. by *Net income $104,913 capital gain, erties—V. 166, p. after reserve for 1156. $681,895 taxes, $610,973 $887,129 from sale of fixed prop¬ one-story The 100,000 plant manufacture V. building on East State Street, Hamilton Township, J., which this corporation has just recently acquired, was owned the Reynolds Spring Co. of Jackson, Mich. It consists of approxi¬ mately Net Total on discount Prov. 8,926,605 1, profit Depreciation 84,118 812,167 105,791 shares, Gross & approved. Asbestos (EXCLUDING ' 2,845,000 retirement program capital stock and surplus CONSOLIDATED Period End. Sept. 30—• Gross sales 1,174198 cur- credits for employee interest 336,123 3,318,514 &c under 19>685 487,012 amount 1,623,150 18>338 liabilities 110,000 1,926,659 liabilities Deferred Bag to constant BUSINESS—Company 1916, 4, by stockholder 4,564,132 due accrued Advances by clients Mortgage loans, less rent payments $1,719,900 1,608,116 payable Mortgage AND manufactured LIABILITIES— Notes already Oct. oldest, of new facilities. subject is and improvement acquisition items on outgrowth of May proposed acquisition of control of Asbestos exchange of shares, this plan has been post¬ poned and will probably be canceled. Counsel feels it inadvisable to proceed in the face of the suit of the Department of Justice against the Brake Lining Manufacturers' Association and its members. Counsel advises that there has been no violation of the law by the present respect officers Total Co. 1947 were $610,973 or 77 cents per share as compared with $422,763 or 53 cents for the same period in 1946, on only 602,464 shares of common stock outstanding at that time. Due to rising material and labor costs, there was a shrinkage in gross profit in two divisions which affected the net figures for the third quarter of 1947. Increased prices passed on *to customers did take the No. of outstanding. now Manufacturing 89,859 Patent Manufacturing as compared with $217,529 for the same period in 1946. This equivalent to 10 cents a share on the 652,464 shares of common not 5,851,636 at 5,870,057 at depreciation and equipment, depreciation Asbestos $104,913 4,896,043 depletion Trenton, N. J.—Quarterly Statement— F. E. Schluter, President, on Nov.) 12 said in part: Net profits from operations for the third quarter of 1947 after all charges, including reserve for state, Federal and Canadian taxes, were 740,051 the for this UNDERWRITERS—The Plan to Acquire Dropped— 3,745,089 investment securities, reserve for 30 for and 1933. Thermoid Co., funds of in the general will be placed proceeds number of years has had under way a continuing for a company program of railway oper. net and used for general corporate purposes. company turing 1944 $8,832,170 3,066,164 railway 166, p. 383,891 to Furniture for ry. —V. 2,000,077 Employee retirement program fund Office buildings and other real estate, less serves SEPT. $7,813,143 $10,033,116 cost investment Natural hand incident and at advanced Other Net 2,790,990 Other Cash SHEET, 1947 Cash in banks and Accounts, from from $3,349,214 share-- per Inventories, Gross to admis¬ shares rights being issued to capital stock and the warrants evidencing the chase COMPARATIVE S. 122,954 1,199,965 int. paid income 100,270 Net income Dividends 92,188' Federal minority 1946 $10,237,242 income oper. the exercise of rights are the price to public. stockholders. expiring From Jan. 1— income on -Earnings— 1947 railway railway from 160,284 void. be for through the underwriters at LISTING—Company has made application for the listing or sion to dealing on the New York Stock Exchange of the 211,861 1933. p. from 164,329 and will warrants shares not subscribed purchased by under October— of 74,893 for to 8,792,788 461,754 amortiz. debt expense Apphc. 11,736,528 shares held six warrants by such time Any be pany Gross deprec. & depl. Provision 6,582,986 shares of capital stock at the rate on the record date. Such rights 211,861 share for a for each will be exercisable only upon sur¬ render of such warrants and payment of the subscription price at the office of J. P. Morgan & Co. Incorporated, 23 Wall St., New York 8, N. Y., subscription agent, at or before 3 p.m. (EST) on Dec. 16, after 793,214 514,942 income— Texas & New Orleans RR.- $14,312,033 Federal income on Prov. 8,691,335 $16,396,601 $26 evidenced be lands railway railway ''Deficit.—V. at share one will as Total Co.—Stock Offered—Morgan Stan¬ ley & Co. have underwritten the subscription of 211,861 shares of capital stock (no par) by stockholders at $26 per share. Company is offering to stockholders of record Dec. 1 the right to From Jan. 1— oper. 1933. p. $181,068 115,809 fiom 13,817 *405,581 *531,308 1944 $240,212 railway 166, Union Bag & Paper * Rents N— Deficit.—V. income CAPITALIZATION 1946 railway oper. underwriting and trading, etc Dividends and in■erest railway oper. products Ry.—Earnings— 1947 from Net Net 1.310,840 Secur. Net railway multi-wall October— $8,196,392 Gross 1,765,288 412,435 1947—12 Mos.—1946 Supervisory and other services 1,057,387 Trust Texas Mexican $9,032,409 642,750 255,406 Eastern Transmission for con¬ services 4,139,572 279,672 *155,106 166, p.*1933. Manufacturers Trustee „ from * $11 *30,583 *42,032 1,203,572 *128,639 *338,931 railway Net bags Inc., prior to entering the Armed Forces, and upon release from military service in January, 1846, became associated with Stone & "Webster, Inc. INCOME 3,258,193 320,189 .income—- Public Service, CONSOLIDATED 3,004,427 *120,816 railway oper. ■'Deficit—V. . from *945, , $277,546 63,111 26,344 — From Jan. 1— Gross holding railway-3,425,641 1947 railway Net railway oper. income The from 1097. p. railway from ex¬ RR.—Earnings- from Net is announced Dec. 3 the national wholesale distributor of Paul the stock common Los Ange.es, Calif., October— Gross R 42,235 income--.. oper. shares class A the next ten days. within J. Herold as company.—V. 166, of of HISTORY 1947 railway railway appears 1,000,000 of made Toledo Peoria & Western tion $373,193 from be appointment Ry.—Earnings— October— offering to securities plete Tennessee Central "it that Richard Thomas, Pres.iu.jno, The prospective —V. pected during even Mission Corp. stockholders. opinion of your directors, the of declared Offering to Be Made Within 10 Days— the to $10,000,000 for company to sell cleared the way public. compara¬ companies terms merger same market price share. a New the at the to Commission Public of share one was $lo the tive the The Stock on same period stock approximately stock and a "the stock of Mission was selling below $40 a share. The price at Corp. York New was Mission confirmed for stockholders. of $40. excess placed stockholders. Mission Mission base¬ proposal and Allows Stock that material misrepre¬ sentations and omissions in the registration statement as originally filed have been sufficiently corrected and we have determined to dismiss the stop-order proceedings." This does not mean that the SEC approves the stock sale, but its action allows the company's registration statement covering 1,000,000 shares ($5 pari common to become effective—a necessary step before the company can put the securities on the market. The company was organized to manufacture and develop a color process for television and motion pictures. The proceed¬ solvent a "completely as stated directors the Staples said, Stock shares was Field, following his release rejoined Stone Mr. legal no of From Jan. 1— Mr. Brewster 1941. charges numerous the during the Presidents. years law liquidation gas being conserve Stone & Webster, Inc.—New Vice Presidents— C. York six Gross Edward of all New position building to year," Sunray Hockley County, Texas. produced from the Levelland Field. Other producers in the field will be given the opportunity to participate in the plant ownership.—V. 166, p. 1998. This plant under Nevada that all of the factors involved which this the on "In has company of vote involuntary Skelly's which exchange an beneficial Stanolind Oil & Gas Co.—Plans New Plant— The liquidating alternative of Skelly's Mr. foundation," stockholders beneficial market railway the be beneficial to to through From Jan. 1— Gross the rumors $2,214,725 railway oper. 1946 Skelly's G. Staples also pointed out that Mission directors made analysis of that Spokane Portland & Seattle Ry.—Earningsfrom Sunray, Mr. is Gross without by appears 1828. p. William to two-thirds of all stock¬ which owns 47% of the stock, could such proceeding.". Mr. Staples further any advised Mr. and made before railway railway to for reply a affirmative Western, also are available are that an consent in poration." Prom Jan. 1— Gross Pacific to "We 1, attacking the proposed merger of Mission with Sunray Oil Corp., D. T. Staples, Corp. says requires and "afford ings $163,057 Oil Mission, company holders 1944 $164,843 railway Western of Dec. statement proxy Pacific Staples, President, Mission Corp.— released statement a opposition stated: 1947 from for Mr. Skelly, attorney Statement by D. T. Spokane International RR.—Earnings— October— 3, him. not Gross Dec. instructed Mr. Skelly, who brought suit at Carson City restraining action in Los Angeles, to post a $5,000 bond possibility of damages should a court trial decide against court similar against the 1396. p. issued was merger. Proceeds of the new bonds will be applied toward meeting the company's construction program for its fiscal year ending Aug. 31, 1948, which involves an estimated expenditure of about $12,750,000. The new facilities are made necessary by the increasing demand for electric energy in the territories served. The balance of the current year's construction requirements will lie derived from undistributed earnings and the contemplated sale of additional capital stock. The common stock will first be offered stockholders injunction temporary stock of blocking a three-way merger designed to create a new giant in the petroleum industry as WG. Skelly, Tulsa, Okla., oil man, won the first skirmish in a court battle with the J. Paul Getty interests of Los Angeles. Federal Judge Roger Foley at Carson City, Nov., stayed for the time being proceedings toward the merger of Mission Corp. and Sunray Oil Corp. He also forbade a meeting, scheduled to be held in Reno on Dec. 6, of Mission stockholders for a vote on the proposed vately—Company announced Dec. 2 that it has privately placed $9,700,000 3% 30-year first mortgage bonds at a price of 100.50% with a yield to maturity of 2.975%. The Equitable Life Assurance Society of the United States purchased $7,350,000; New York Life Insurance $1,380,000 and The Mutual Life Insurance Co. of New York $970,000. These insurance companies now hold the entire $33,©00,000 of presently outstanding first mortgage bonds of the company in approximately the same proportions. The negotiations, which were initiated in October, were con¬ ducted through Dillon, Read & Co. Inc. to Monday, December 8,1947 Thomascolor, Inc., Los Angeles—SEC Registration to Become Effective— Sunray Oil Corp.—Court Stay Blocks Merger— A Placed Pri¬ Co.—Bonds Service FINANCIAL CHRONICLE & Studebaker Corp.—To Acquire Assets of Empire Steel Corp.—See latter above.—V. 166, p. 2215. Subordinated Deben¬ — COMMERCIAL 166, P. square will of 2148. feet of manufacturing space. - be used by the Union Bag & Paper Corp. for the corrugated containers and folding cartons. See also Volume 166 Union ,, Number 4653 Carbide Carbon & THE Corp.—Places Utah $150,000,000 Notes Privately—The company, it was announced Dec. 4, has placed privately with three insurance companies Net Proceeds will be used further to about year outlay for was spent facilities will exceed program will continue There have the called sinking fund, interest. 100 and & been for redemption 166, Jan. on York, l, next, for account due Jan. 1, 1967, at following of Dillon, share; share; the on and share; Union the on Stock Fund series, These declarations Bond on Union 55 cents Fund Bond Union on bring "A," Fund total cents 98 "C," cents 15 oper. 166, P. income— 1829. payments in 1947 to 74 cents on Union Bond Fund "B," 31 cents Fund.—V. Stock Common Union Preferred on 166, Stock $2,339,933 and Fund, miles month a 285,727 329,788' 562,871 20,961,730 24,058,164 24,579,632 6,015,690 8,388,197 10,390,898 4,017,970 6,444,729 5,977,784 1945 1944 ( Net ry. 1946 $7,571,630 $6,792,087 $8,238,924 2,333,690 1,756,387 614,605 1,910,632 3,157,989 860,213 from railway-----oper. income... 980,691 estimated an 1,074,375 October miles, aii- against 1,539,400 miles ton 609,700 ton in ton Air increased miles Net ry. to sales. air freight said. United October as against reached an estimated previous period, while in the estimated an 741,300 as in September;- 693,012 Mexican Unit Air Express— Lineas Aereas announced cities along service S. (LAMSA), A., air on main LAMSA's to Mexican shipments express line Mexico subsidiary, from City. of benefit especially 166, to when —V. miners, El This payment of duties, and other industries smelters first 683,955 replacement parts supplies or United Biscuit Co. of America to Prov. for Fed. inc. in Mexico, urgently. (& Subs.)—Earnings— 1946 1945 1944 $5,118,348 $4,893,584 $4.250 840 2.195,943 2,113,960 3,908,341 Earns, "After for $3,492,855 $3,004,388 $985,243 936,566 468,283 468,283 468,283 sh $3.73 $6.29 $1.90 $1.72 depreciation interest, Federal taxes.—V. 166, other charges, and but before provision of Paperboard baggage the the coach, a the record of stockholders for redemption of offering proposed until deferred the dividends accrued Immediate amounting payment dividends accrued surrender Street, Y.—V. N. $1.25 redemption will 1948 2. 2, full certificates stock York, New Jan. to said of cumulative preferred stock have 1948 at $107 per share, plus per share. Jan. to the of 166, made be with together Trust Co., vote Dec. 1947 will 29 record for date to entitled stock stockholders proposal"to change a Carton p. and Corp.. V. 166. the at a annual held meeting Nov. on 20 approved of the company to United Board & for additional compensation for officers.— the plan name 1934. of new the staff, the for Mansfield tor of the V. producer p. board 164, Rhodebeck, months his of in a director Secretary: and since Robert Actuary increasing F, .in L. interests the an in the George elected was and Actuary this totaled year $9,901,344. changers of and recorders, wire addition an its to has 111., Chicago, contracted plant.—V. ft 101.827.000 kwh., 82,719,000 kwh. of properties of this company <previously Electric Co., Inc.) for the week ended electric the Works tota'ed an Operating increase of 23.1over the 166, for the corresponding week of 1946.—V. insurance $27,890,717 10,681,608 expenses taxes , reported hew $20,050,000 of Subscribe the More that paid-for over the company Than during on 2.958,256 1,589,510 1,400.284 2.017.090 1,795,895 2,634,519 income 2,473,510 3.529,300 period same had $900,000 to last than more Rhodebeck also Nov. on 18 stated that, to help Help finance the growth, new funds amounting to over $300,000 have been surplus by stockholders. He added that this amount has been paid in by over 90% of the stockholders on the basis of $8 per share of stock, and that payments are continuing to be received.—V. 166, ry. —V. 210,507 210,507 282,150 282,460 income 3.369,000 2,643,000 4,471,000 3,510,600 taxes on $6,962,210 $5,731,372 $9,093,728 $7,534,459 416,678 income Operating 450,682 708,839 608,011 income $7,378,888 $6,182,054 $9,802,567 $8,149,470 1,562,707 income Gross 1,830,758 2,164,469 2,358,388 deductions Income $5,816,181 dividends $4,351,296 $7,698,008 $5,784,082 1,002,668 income Preferred Net ry. and * for com. 1,002,668 1,336,891 1,336,891 stk. per *Based $3,348,628 $6,301,207 $1.64 $1.14 $2.14 $1.51 share- com. Net from Net ry. —V. accounts NOTE—The of Monongahela not consolidated in above Declares Larger Power record preferred stock was also declared, 20.—V. Dec. 166, p. payable Jan. 2 to holders 2000. record of This statement. Dec. 166, p. ry. Net Theodore Wittner, Hraback Toole T. who succeeds company Goddard have has been elected resigned, as has Mr. Toole elected and to a succeed director. W. Louis W. 264,759 1947—Month—1946 1947—10 Mos.—1946 $2,949,932 $34,640,546 $26,555,986 23,857,038 19,549,995 2,167,974 Equipment facil, (net) $781,958 $10,783,508 $7,005,991 352,000 4,604,000 3,287,000 117,008 rents rents $1,271,935 517,000 revenue oper. Taxes ry. oper. income- income 79,207 Crl4,163 Crl 1,726 433,180 Crl27,404 Crl21,653 590,755 , $857,780 $497,439 $6,485,284 $4,188,093 19,656 18,841 188,038 191,480 income- $877,436 $516,280 $6,673,322 $4,379,573 charges- 243,732 288,574 2,342,080 2,557,725 $833,704 $227,706 $4,331,242 $1,821,848 Gross $1,519,070 *2,725,104 income -V. 166, p. 2148. $2,138,063 790,857 587,716 532,750 203,236 283,409 17,648,466 4,285,304 21,396,032 4,586,175 21,04^,156 7,495,669 5,413,455 2,906,320 2,400,868 2,764,201 income on proposals Various drafted. the for merger Nov. 13. on Wheeling Steel Corp.—Quarterly were discussed at the (New York "Journal ol Earnings— that the demand for than the productive that although profits for the nine-month were relatively large, the reported earnings do not reflect the tremendous increase in construction costs which greatly affect the amount of expenditures required to replace worn-out plants and equipment, which, without raising additional capital, must be provided from the earnings of the corporation. He also stated that while demand continues high it is improbable that the profit margin of future operations will continue as in the W. Chairman, Holloway, W. on Oct. 29 stated corporation's products continues to be greater the capacity months nine iirst its plants. He pointed period ending Sept. 30 of the of charges, transportation out because of the ever increasing costs of materials, particularly steel melting scrap, year raw and other commodities, of which the corporation uses quantities. CONSOLIDATED INCOME ACCOUNT sales, returns discts., less allowances ft substan¬ 1947—9 Mos—1946 1947—3 Mos.—1946 Period End. Sept. 30— Gross $33,924,044 $28,899,979 $93,913,453 $79,810,948 int., rentals (net), Divs., discount chases, on pur¬ products other Prov. ft sales $34,061,852 sold ft 19,964,610 63,477,432 2,298,082 2,389,532 6,804,937 57,801,804. 7,250,809 1,220,233 1,245,268 3,591,669 4 027,853 fixed assets— Cr22,067 Cr8,181 Cr273,176 ft adm. exps. premium 2,"020,268 1,789,377 5,889,612 Crl2,43& 5,253,059 193,498 102,266 583,668 630,268 240 7,328 886 — retire, ord. gen. and or net funded long- and debt interest of 1,154,000 for Net 1,953,000 252,000 6,021,000 1,043,000 $2,640,189 $3.84 $2,085,120 $2.87 $8,430,261 $12.41 $3,188,041 $3.21. com. per share- Attributable to sale of Portsmouth reduction to 1.154,000 . Federal, inc. (est.) profit equal 7,922 surplus charge Prov. 533,370 $80,344,316- 23,758,409 of term $29,081,320 $94,526,289 charges— amortization on on rev.__ maintenance deprec., depl. oper. for and Sell., and 612,836 181,341 137,308 etc. sales of Cost plant (consummated July 1, 1946> Federal taxes applicable thereto. in were completely idle from Jan. the general strike of steelworker* of America (CIO) and some oper¬ ating units were idle during April and May, 1946, due to the shortago of coal caused by the strike of coal miners which closed all coal mines NOT7—The called of the 18, 1946, due to United Steel Workers the by plant of the corporation Feb. to 1946, 21, corporation.—V. 166, (The) Wickes Corp., of Governors Board p. 803. Saginaw, Mich.—Listing Approved the New York Curb Exchange on Dec. of 3 dealings at a later date a total stock of this corporation, which was organized recently to continue operations of Wickes Brothers, Flint, Mich., and The Wickes BoUer Co. and United States Graphite 770,200 Co. both for listing and admission to shares of $5 par common of Saginaw—V, Wisconsin Central October— from Gross from Net ry. railway railway oper. income 166, P. 2148. Ry.—Earnings— 1945* from Net from Net ry. railway railway income 166. P. 1829. oper. 1944 1947 $2,460,637 649,107 1946 $2,101,65.4 479,355 246,487 410,957 300,558 170,23* 21,943,185 6,196,175 18,916,305 3,794,009 17.899,397 18,820,170- 4,375,663 5,142,431 2,969,735 2,266,366 1,946,942 2,645.05S $1,923,995 $1,908,60* 541,510 548.863 From Jan. 1— —V. Net 1944 1945 1946 $2,324,184 834,690 24,802,789 8,781,311 railway Net Fixed Ry.—Earnings— $2,997,197 1,057,077 railway approved Ry.—October Earnings— 2,462,597 Jt. 38,860 4,686,759 1,740,269 454,923 Redemption of Preferred Stock Deferred— The calling of the 5%% preferred stock was considered by the board of directors at its meeting on Nov. 17, but no definite action was taken. There will be further consideration of the matter at the December meeting of the board, according to sources close to the situation. If retirement of the stock is decided upon at the December meeting, there will still be time to take necessary preliminary steps before is¬ suing a notice of call Feb. 1 for retirement of the stock April 1, it was pointed out in financial circles. Elimination of the preferred stock is one of the steps expected to be taken before a plan for merger of this company with the New York, Chicago & St. Louis RR. (Nickel Plate) Gross Henry as Vice-President, that Arnold M. Gotthilf and Jack M, directors.—V. 166, p. 2148. also announced been President 331,878 200,549 income oper. The Net President 583,927 income— 1934. ry. oper. Deficit.- is the principal subsidiary of The West Penn Electric 1194. Western Maryland Net 36,925 3,192,093 1947 from from Net * 1947. 19, 146,111 From Jan. 1— Gross Earns, 3, company Co.—V. $463,258 4,364,537 790,705 298,999 19,943 8,763 railway from its subsidiaries cents per share on the record Dec. 10. With the payments of 37% cents each made on this issue on March 25, June 25 and Sept. 25, this year, the current declaration brings total dividends in 1947 to $1.65 per share, compared with $1.50 in 1946. The usual quarterly dividend of $1.12% per share on the 4%% preferred stock was also declared, payable Jan. 15, 1948 to holders Other Universal Laboratories, Inc.—New President— 127,974 3,286,358 railway from taxes Co. and the directors declared a dividend of 52% common stock, oayable Dec. 24 to holders of Dec. a A p. Net Dividend— 3, series $406,367 1,659 railway oper. 166, Gross 2,935,000 shares of common stock. on 5,966,346 1945 $306,264 44,940 railway from Gross $4,447.1Qt $3,734,532 the directors declared an extra dividend of 50 cents per quarterly dividend of 25 cents per share on the common payable Jan. 20' to holders of record Jan. 10. Previously, the company paid regular dividends of 20 cents per share each quarter. The usual quarterly dividend of 93% cents per share on the 3%% 1946 $336,060 income— oper. 43,231,987 16,699,745 1944 1947 "■Proportion $4,813,513 surplus Earns, On 19,993,343 5,602,826 From Jan. 1— Other Balance 2,510,304 779,118 Alabama—Earnings— railway from Int. Period End. Oct. 31— both 3,872,885 railway from Gross Gain United States Plywood Corp.—Extra Distribution— and p. Net of Dec. income 1934. oper. 166, Total 509. stock, 754,985 50,739,319 3,498,035 railway Repairs first amounted 614,396 35,644,975 8,647,529 1944 $5,446,57* 3,196,942 acqui¬ plant adjustments— sition com¬ the business Net cash deDreciation of 3,205,392 2,181,041 Fed¬ than for 1947—12 Mos.—1946 $24,000,977 $36,668,530 $31,866,510 9.361,263 14,069,870 12.587,898 2,443,363 other Taxes, are company's 804,709 32,309,701 7,176,186 income— railway from from (& Subs.)—Earnings— 1947—9 Mos.—1946 Sept. 30— Maintenance Net 1945 $5,872,044 2,665,207 pig tin Operating revenues eral ONLY 1946 $4,315,664 1,394,092 the Electric Co.—Weekly Output— of $3,564,959 interest 4%7« income bonds, sinking fund $2,757,550 $714,939 charges, i.e., capital fund, COMPANY OF 171,076 From Jan. 1— tial Foreign Agency Divi¬ time to assisting Mr. of railway oper. 45,066 1947 $4,136,710 1,538,261 railway from meeting of the Nickel Plate board Commerce").—V. 166, p. 2000. 2216. American paid to The Sub¬ was company's of months West Penn Power Co. Direc¬ 1936, the Vice-President development President, new the increase Stockholders On com¬ 26. Dec. 3. This compared with about $8,000,000 Sales for the calendar year 1947 will approxi¬ according to R. F. Blash, President. The comnany. Water 1947. 29, outD'it, p. new Finance Growth— share Dec. 1948.—V. 166, p. 2000. ten record or out.uut American Nov. Bergstresser, 1946, with duties Loutit, R. Oct. 31, 1947. he said, of insurance in force. of As $230,000,000 p. for elected was Vice-President Vice-President, will devote their entire and 1947 of $65,950,000, Mr. set 2451. p. Non-oper. 1940, foreign countries. panies in to been official 44increase a Paul R. Danner, associated and year. and and Assistant as James Group. resigned have Mr. Secretary Vice-President because and 1944, Starr ten and the on 1947. of the company since EARNINGS on construction the for C. Batchelder, Treasurer, was elected a director. will continue as a director, but has resigned as Chairman International sion, now and William Starr the since months Richard Rhodebeck, company has 1946. year $12,000,000. mate Federal four promotions directors, new Vice-P^bsident, joined Actuary, C. ten of 18 President ol baard; Executive elected of the Nov. Agencies since 1944, was elected President and a director; Selser, who two first Freeman, of Chairman M. of election the business of determining the holders of purpose subscribe first announced full the for the for Sales company United States Life Insurance Co., N. Y.—Four Officials Promoted—New Business Up 44%— made 523,988 for contingent October— is Amort, was shares of new common stock has of this month, the company has subscription period into the new Webster-Chicago Corp.—Sales Show Gain— Prov. Announcement the will give the right to subscribe in the ratio of one common stock for each five now held. The subscription Period End. The part warrants 1525. p. 1,047,355 524,959 $817,118 chgs. available Action year. Wall 16 $4,260,023 11,478 requirements on general mortgage and other corporate purposes. Net Split-Up— 8, Dec. and presentation upon Bankers the at price, Co.—Change in Name Approved— United Paperboard 85,000 latter extend will This announced. Power o'> o. on fxd. after Amount * West Penn outstanding snails 1,100,226 $4,329,864 Wheeling & Lake Erie Petroleum Corp,—Plans to Increase Capitali¬ common The been Calls 5% Preferred Stock— called charges 1829. p. The balance of the funds will be used for general ui deductions Fixed Western Ry. of baggage-and-mail car, two coaches, diner and an observation-parlor car. zation to Provide for Two-for-One corporate purposes. All 72,696 $771,483 October— Manufacturers, Inc.—Note Placed ceeds, $4,943,935 will be applied to the retirement of the 46,205 shares of outstanding 5% preferred stock which will be redeemed at $107 per share and accrued divi¬ been Misc. 1829. Warren share Privately—The company has arranged through Lehman Brothers for a 20-year loan of $10,000,000 from the Met¬ ropolitan Life Insurance Co. at 2.9% interest. Of the pro¬ dends. 128,464 income Net one car, period will close Jan. 13, United Merchants & 1,156,482 $3,645,635 614,388 income Total ry. on one p. scription below. Co. 1,031,453 $3,229,638 October— The United Board & Carton Corp.—New Name— United 193,713 $698,787 $993,648 130,936 45,594 income- oper. ry. Other Individual Trustee.- successor a company 166, mon See Net from Blodgett has resigned as Individual Trustee under such resignation to take effect on the date of W. coffee-shop-club a —V. 1829. p. 104,966 $865,184 Dr) (net rents Net Nov, 26 -placed in service between St. Louis and City the newest in streamlined trains, the "City of Kansas City," built ,bv, the American Car & Foundry Co. at its St. Charles, Mo., plant. Powered bv a 2v000 h.p. diesel-electric locomotive, built by the Electromotive Division of General Motors Corp., the 7-car train offers 5-hour and 20-minute service west bound and 5-hour and 40-minute service from Kansas City to St. Louis. The equipment This $901,590 outstdg per com. $4,802,117 Net 3 349 250 profit shs. $4,261,091 30,420,032 7,533,299 Washington Gas Light Co.—Financing Deferred— Net Com. $892,500 7,526,589 approving a proposal to split up the common stock on the basis of two shares for one, to change the par value of the stock from $5 to $3 and to increase the amount of authorized common stock.—V. 166, 1947 taxes 860,776 $970,150 27,125,778 Kansas is expected $5,688,798 Profit 947,768 5,236,505 "City of Kansas City" Placed in Service— The 9 Mos. End. Sept. 30 602,404 10.9,239 11,765,879 on * 428,408 120,805 79,015,480 expedited needed are has Paso 2,003,450 428,459 77,762,029 mortgage, appointment of 1933. p. income oper. consists including customs clearance and service, be Mexicanas, 24-hour all $8,784,737 1,118,394 in¬ — tax ry. 66,004,359 77.612,742 20,090,494 8,141,176 railway—-— from Net Henry in express 7% Bickley Mr. row, from 547,408 miles ton a -freight September. 11% up mail in 115,066 accls. Gross railway.... from Gross vious month, according to M. P. Bickley, Manager of cargo Included in the overall cargo figure was a new high in operations for the second. month $7,289,996 1,478,733 $1,545,213 accruals tax other * Individual Trustee Resigns— by United Air Lines passed two million ton October, representing a 43% increase over the pre¬ in $1,677,516 158,102 opers. ry. accruals tax Ry. Gross operations cargo fr. rev. accruals—payroll— 790,043 $8,722,267 railway from Net 1999. p. Net Tax Ry. oper. income Equip, and joint facil. 1944 $1,612,132 197,132 371,516 1947 October— Gross per on $1.47 expenses- *Inc. United Air Lines, Inc.—Air Cargo Operations Up— Air to 1945 1946 $1,942,330 From Jan. 1— Union revenues- oper. come Wabash RR.—Earnings— share, flew railway from ry. —V. the Union Bond Fund "C" series, 9 cents Preferred Stock Fund series, 29 cents per Common oper. Railway All 30,389,715 12,394,350 7,684,897 railway from Net on Union 113,508 Period End. Oct. 31— Railway From Jan. 1— Net per 151,463 17,341 railway from Gross quarterly series, 16 cents 200,321 1947 $3,251,157 from railway.1,330,722 ry. oper. income— 843,878 Net Read Y., or at the Security-First and Ninth Streets, Los Angeles, dividends have been declared for payment Dec. 20 to stockholders of record Dec. 10, 1947: On the Union Bond Fund "A" series, 18 cents per share; on the Union Bond Fund "B" per 1,109,466 236,156 income— 166, p". 1829. oper. ry. Net Union Trusteed Funds, Inc.—Distributions— The 1,183,566 163,813 71,870 October— N. Sixth 1,310,519 116,775 Deficit.—V. Gross 1726. p. *1,066 18,357 Virginia Ry—Earnings— $200,000 of 3% debentures will be made at the office 28 Nassau Street, New National Bank of Los Angeles, * Redemption— Payment Co., Calif.—V. Net $50,000,000 Union Oil Co. of California—Partial of 29,876 railway from new $90,000,000, the company sad, adding that the during 1948.—V. 166, p. 2148. $82,120 50,789 10,545 1,534,341 railway-!—' from Gross Net the of program $154,691 21,502 oper. From Jan. 1— com¬ the expansion pany and its subsidiaries. Last for this purpose and in 1947 the ry. railway from Net Co. (& Subs.)—Earnings— Co.) Ry. —1946 1947—Month—1946 1947—10 Mos.,606,400 $4,488,182 $4,671,231 $34,381,647 $37 ,821,663 2,810,666 3,126,018 27,091,651 28 Northern Ry. and Tidewater Southern (Incl. Sacramento 1944 1945 $160,613 railway—$126,291 *21,364 income.— *13,997 from Gross $150,000,000 20-year 2.70% promissory notes. Amortiza¬ tion starts December, 1953, at the rate of $10,000,000 annually. 1946 1947 • 13 Western Pacific RR. Ry.—Earnings— October— (2317) FINANCIAL CHRONICLE & COMMERCIAL (Continued on page 52) 14 (2318) THE DIVIDENDS Dividends first we Which are week. Then follow with we show the dividends we second a table which have not yet been paid. Further details and rec¬ ord of past dividend payments in many cases are given under the company name in our "General Corporation and Investment News Department" in the week when declared. The announced this Name of Company are: Laboratories Share (quar.) Acme Wire Adams Co. (year-end) Express Co. (year-end) Corp. Casualty & Surety (quar.) common (initial) A (quar.) __ $2.50 of preferred is-a)_ Cast Coach American 4%% & preferred Distilling American Hair & (quar.) 12- 5 $1 2 12-23 12-23 $5 (quar.) Metal 1- 2 12-17 1- 2 Co., 3- 1 1- 2 25c $3 1-15 12-30 1- 2 12-22 1- 2 2- 12-17 $1.50 5% 12- 5 12-16 2 12-16 1- 2 12-16 1-28 1-17 1- 2 12-15 1- 12-19 11-28 Co., Co. A Insurance Co. (s-a) B 5 35c 12-23 12-23 12-15 12-30 12-15 12-30 12-15 12- 9 Inc. (liquidating) common Corp. (extra) Candy Cannon Mills Class B Castle M.) 1st Construction & Co. Ltd., Telephone Co., preferred 1-15 (quar.) _ (quar.) Washer Mills Bank Co. pfd. is-a)__ pfd. A A Trust Electric Electric 12-26 12- $$1.75 1-15 Ferries, Inc., prior preferred 6% $7 Power & preferred Elgin 12- 5 Ero 1- 2 12-10 National 12- 5 5 12-10 1- 5 12-10 1- 5 12-10 1- 9 12-17 12-15 12- 5 1- 2 12-18 1- 2 12-15 12-30 12-16 12-30 12-16 Mfg. Co. (quar.) 2 12-15 12-31 12-20 12-30 12-10 12-10 12-19 12-30 12-19 $1.50 1- 2 12-12 1- 12"/2c (accum.)— 4 % %■ i new (initial)_• com. preferred Co. RR. (year-end) Valve Mfg. (quar.i Chaleau-Gai Chicago Wines, Dock & Ltd. Canal Extra (interim) (s-a.) Common iquar.) Corp. Co. <N. Barber Asphalt (W. Co. . _ """" (quar.i Chicago Pneumatic convertible Co. Tool, (quar.i of preference & Suburban Bell Builders Supply (Ludwig) & I Co., preferred Co., common Peabody & Co. com. 1 12-10 12-10 Colonial 2- 2 1-15 1-15 12-23 1- 12-20 Stone & Credit 3.60% preferred Commonwealth preferred & (s-a) 50c 1- 2 12-15 25c 1- 9 12-24 1- 9 (quar.) 12-24 12-20 12-10 Paper Consolidated 4"A% Retail preferred 12-15 12- 12-12 11-25 Continental Consumers of Industrial 2 12- 1- 2 12-16 $5.50 preferred (quar.) Continental Car-Na-Var of 12-29 12-13 1-15 12-31 Canada Loan (Del.) Common prior prior preferred 1- 2 12-12 Corn 2 12-12 Coronet 1- 2 12-12 Crane 1- 2 12-15 Crane 1- 2 12-15 Cream 12-15 Creole Petroleum Zellerbach 1-15 Benson & Hedges, $2 conv. pfd. <quar.)_-__ Foundry & Machine (year-end)_ Birmingham Fire Insurance (year-end) Bethlehem Co. Co. (extra) of Corp. Decker Mfg. (quar.) Bondholders Management, Inc., class A (s-a) Club (quar.) American 2 1-16 7% preferred 7% preferred 12- preferred 12-19 Curlee 11-15 Daniels $1 12-15 12- 5 12-15 12- 5 Clothing Co., & Davega Water Co. (year-end i _ _ _ Bourjois, Inc. (year-end) Brazilian Traction Light & Power Co., Ltd.— 6% preferred (quar.) Bridgeport Gas Light Briggs Mfg. Co. (quar.) (quar.) 12-17 Decker 1- 2 12-17 Delaware 12- 75c 12-20 12-10 6 1- 12-15 12-12 50c I™ 2 12-30 12-22 12- 50c 12-15 11-28 9 De Corp. 3%% 11-28 Graupner 12- 5 Great 1-17 12- 5 Great Lakes 1- 1 12-15 1- 2 12-12 Great 1- 2 12-12 Great Northern 1- 2 12-16 12-13 11-28 1- 1 1-15 1- 5 12-12* 12 12* 12-31 12-15 12-22 12-12 25c 12-31 12-19 3-31 3-19 1- 2 12-19 3-31 $1.75 1-15 $4.50 1- 2 3-19 1- 5 12-20 40c 12-24 12- 9 12-24 12- 9 1- 1- 2 2 12-10 1- 12-15 12-18 12- 1 2 12-12 4- 1 3-18 1- 2 12-18 4- 1 3-18 $1.75 7- 1 6-18 $1.75 pfd. (quar.) (year-end)— $1.12'/2 $1 50c (s-a) pfd. (quar.)__ $1 25c Co 5c 9-30 1- 2 12-15 9-17 12-15 12- 5 1- 2 12-13 1- 2 12-13 1- 3 12-15 12-30 12-16 & Light, preferred Electric 4% 1- (quar.) (increased quar.) Long Hook & & Rubber, Extra preferred * Eye common (quar.)—, 5 12-15 12-31 12-10 12-31 12-10 25c (quar.)_ $1 92"/2c pfd. 12-20 12-10 12-20 12-10 50c 12-26 12-16 10c 1- 2 12-20 10c (quar.) 1- 2 1- 2 12-20 12-15 12-15 12-1 11-18 12-26 12-17 12-26 — 25c 25c iquar. 1 (W. Steel Co. T.) (quar.)_ (quar.) of partic. Hanson-Van 2 1- 2 12-17 12-17 $1.06 "A 1- 2 12-31 12-31 12-19 12-31 1- 2 12-19 Inc. 40c $1 beneficial Mfg. (H. J.) 6% 1- 2 12-15 1- 12-19 30c 1-15 12-19 $62"/2c $30c 12-31 12-12 12-31 12-12 10c 12-23 12-10 (year-end) $1.25 12-26 (quar.)______ $12"/2c $3 iquar.) Properties interest Felt Class A pfd. & (quar.)—— Cement 12-22 $20c $1.12"/2 1- 2 1-15 $4.75 12- 8 12- 8 12-15 12-31 * 12-10 12- 43%c 12-15 12-3 45c 1- 2 91 "Ac 1- 2 $5c 15c 12"/2c $12'/2c 35c $1.50 $1.50 1- 5 10c iquar.) Ltd. Co., $25c com $75c Co., 20c common 1 11-29 12-15 1- 2 12-26 12-15 12-15 12-15 > 12-20 11-22 12- 5 12- 5 12-11 12- 5 1- 2 12-20 1-10 12-26 1- 1 12- 5 1- 1 12- 5 12-31 1- 12-19 12-19 $1.50 $20c 12-31 1-15 12-19 1-15 12-15 1- 12-15 $$1 15c 40c (quar.) Plantation Co. 2 $20c Mortgage preferred 12-10 12-22 Inc.— (quar.) Commercial Imperial 9 25c Publications, (s-a) Erie 12- 12-15 25c B 12-15 1 25c (s-a) Hutchinson Sugar Ideal 1- $50c preferred (quar.) Ltd., class A (s-a) Illinois 2 12-10 Extra Class 2 1- 2 Co (quar.) Motors Mfg. 1- 1- 1 1- 1 $30c Mfg. Humphreys Huron 1- 12-15 Cer¬ A (accum.) Co. com. (quar.) preferred Hubbard 11-30 93%c 15c preferred 6% 12-15 1 iquar.) Y.) Co. Howell Electric Hunts, 12-22 iquar. 1.. pfd. 6% Co. (irreg.) Gibson Corp. com Hotel 12-19 12-15 Highland Bell, Ltd. (interim) Honolulu Rapid Transit, 6% pfd. (quar.)__ 5% preferred (quar.) Horner (F. W.), Ltd. class A (quar.) Hoskins 7 1-15 12- 2 com Ltd. 4%% Consolidated 3.65% 1- 12-23 12-15 1- 2 1-15 preferred Heinz 12-15 12-26 pref. (s-a) Winkle-Munning Gas 12-15 2 1-15 12-31 20c Harrisburg 12-19 Ltd.— Co., Co., Ltd. Harding Carpets, 12-17 $4 IN. Ore 1- 12-15 50c 25c f (quar.) Co. (quar.) Iron Felt $1.75 iquar.) Extra Hastings 8 1- 25c $1.50 20c (s-a) Ltd. class A pfd. Paper, Brass 7% 12-13 40c conv. Hearst 12- 2 93%c 81 "Ac 25c pfd. pref. iquar.) Guaranty Trust Co. (N. Y.) $1 12-15 12-31 1- iquar.) Insurance B West Hahn 12-15 2 12-26 $1.06'A iquar.) (Robert H.), tificates 50c 2 1- 50c 55c (quar.) com. pfd. com. preferred American Great 11-28 1- 50c iquar.1 12-31 12-13 $1.18% 1- 2 12-15 6c 12- 8 10-9 1 (Wise.)— Chemical Industries, Ltd.— deposit receipts (interim) American (Continued 12-15 12- (quar.) Telephone Co. (quar.) 1 12-12 (year-end) 12-20 12"/2c 12-15 2 2 B preference Lakes Plating 50c Power Demnan Tire 5% 11-28 1-17 1 2 1- 25c (year-end) lyear-endl Co. 12-30 1- 1- 12-22 1- iquar.) class Co., Mfg. 7% 12-30 $1.75 4"/2% 25c iquar.) Ltd. Grant 50c Extra $$1.50 35c __ (irreg.) — Stores Manufacturing 3.70% Delta Oil Co. Co., 12-15 $1 2 12-10 State 12-26 $1.75 common Dayton & Michigan RR., 8% Decca Records, Inc. (quar.) 1- 15c Works Globe-Wernicke Class 12-12 25c Knitting Gorham 1-16 12-24 1- 2 20c McBean & Co Glenmore Distillers, 6% preferred Gordon 2- 2 $2 50c Year-end Granite City 40c Extra 30c Extra.... Fisher Stores 25c _ 1 12-18 1 12-15 37 %c (quar.) 12-24 90c (quar.) 12-31 12- 12-15 & 2 40c (quar.) 7% 12-30 Tire 8 1 1- 2 1 15c iquar.) Rubber 4"/*% 12- Golden $10c (quar.) 12-10 12-16 50c Instruments 12-31 12- 12-10 12-31 ^6c Time preferred 12- 12- 1- 2 12-24 (quar.i preferred (quar.) Hardwood Lumber 1- 12-12 10c 35c preferred 4"A % 12-15 1-15 12-22 (quar.i 3%% 12-10 1-15 1-31 1- 2 (quar.) Georgia 70c 1-31 12- Co.— common 8 12-12 12-15 1-22 12-16 iquar.) 8 2 2 55c 12"/2c iquar.) common pfd. $1 pfd. 6 75c (year-end) Sugar, 12-22 $3 Extra Cuban $2 11-15 Corp. 2nd 1- 1- 1- $35c iquar.)— (Boston) 12- 12-15 12-15 12-15 (year-end). 12- 12-31 2 2 Extra General 12-24 2 1- I Trust Telephone, preferred 4>/2% 8 5 1- $1.12% 2 1- 75c Corp 60c 1 1-22 25c (quar.) 12- 12-11 25c (quar.) Corp. preferred 2 General 12-19 50c (quar.)__ (quar.) 7% 20c Corp. Ltd. 12-15 1 12-11 $1 L.), Wheat 12-15 20c & Month (R. 12-27 $2 (quar.) Extra 12-24 1- 8 $1.25 12"/2c iquar.) com. Refractories 4.40% 5c (quar.i 12-27 2- 12-20 $1.37"/2 Corp 7% pfd. (quar.) Phosphate Co. (year-end) Company (quar.) 81 "Ac 50c 1-2 12-23 12- (year-endi Batteries Paint conv. General 25c Products Refining Co., 30c (quar.) $1 General 30c Special $$2 General 12-12 12-19 12-15 Year-end 2 (quar.) Corp., common (quar.) preferred (quar.) 1- — 12-17 2 12- 12-15 20c Crude 12-30 2 12- 12-20 25c $1.50 (quar.).' Steel Corp. (year-end) Continental-Diamond Fibre Co..: Crown (quar.) Corp. Co. Investors 1- 12-15 12-15 37'/2c __ iquar.) Oil (year-end) General 12-31 iquar.) preference 12-12 1- 12-30 12-15 common Controls 5 12-13 Extra 12-31 i_ pfd. (quar.) General 12-17 4 12-23 20c 11-25 12- 4 12- 75c 75c 20c iquar.1 Co., Baking Dry 3 12-15 12- iquar. 1 Investors preferred General 1- 2 75c Investors 12-12 12-15 1- 12-13 preferred 6% 11-25 12-23 Co American $4.50 General 5 12- 5 20c iquar.I General 1- 12-15 12-18 Inc Products, $3 2 12-18 (quar.) class A 12-27 12-11 $$2 __ 1- 50c A Malting, preferred $2.20 12-31 25c Pa.) com. Cooper-Bessemer Canada, & 53c Continental $25c Co. Grain 40c common (quar.) (Reading, Baking Corp., 84%c (quar.) (quar.) preferred Corp. Gas 50c (quar.) Telephone Co. Stores, 5 iquar.) Canada of Co. $16 "Ac (quar.) (quar.)__„ Steel 1- $3 1 l-io (accum.) Kentucky Natural Gas 25c (s-a) Press, Ltd., class A $15c preferred Belgium Glove & Hosiery Ltd., common (quar.) preferred Corp. 5 12- iquar.I class Co., 50c (Boston) (quar.) Extra $3.50 12-19 12- 12-15 25c Extra Consolidated Consolidated 12-31 Gleiser 50c Trust Mfg. 12- 12-20 Ltd.— common 50c Investment Lithograph 12-20 (quar.) 25c Consolidated Consolidated 50c convertible 9 10c 5 $2.25 common Year-end 1- $3 $3 12- 12-19 $25c $3 Dairies, & Globe (accum.) 2 75c Gladding Semi-annually 1- 37"/2c (quar.) Brewing Corp. Corp.— Consolidated Cement, $1.40 class A Consolidated Dry Goods Co $3 12-20 Management Corp.— 12-18 1-15 12-31 — (accum.1 Connecticut Investment 2 12-19 5 $1 Southern 56'Ac 35c Canada, Wallace, General 5 12- 90c (Indianapolis) (quar.) Commonwealth preferred (quar.) Loan 12j-19 (year-end) preferred Fundamental 12- 50c (quar.) 2 60c Corp. Co. 12-10 12-20 25c 2 2 12-15 i0c common 1- 2- 2 12-15 $2 (quar.) Co., 1- 12-31 1- 86c Extra 37 %c 10c 5 $1.75 2 Sand & 6% $1.50 (year-end) iquar.) 1- 25c Machinery 50c 1 quar.i 1- Ltd.— 1- 12-31 $1.13 $$1.75 Canada, (s-a) Foote-Burt Telephone— Quarterly 50c (quar.) 12-10 20c $15c 2 12-20 75c (special) 50c (extra) Food General preferred (initial) Colgate-Palmolive-Peet (extra) 5 12-16 Co.— iyear-end»__ com. 1- Year-end $2.50 preferred 45c- Corp Barber (irreg.) Y.) 2 $1 A 8 30c 50c pfd. Publishing 50c series 8 12- (initial)— common (s-al Stream 1- $2 (accum.) (year-end) preferred 12 V2 c Building of preferred 12-16 $30c ^ 6 1-15 (quar.) Products & 2 50c 2nd 12-13 Fibre 1- 50c (quar.i Chicago Electric Mfg. $2 class A Chicago & North Western Ry. preferred 2 Field $1 Co. 12- 12- 30c Tarrant 5% 12-16 56"Ac Extra 4% 1- 12-11 12-12 50c Transit 7% Amer¬ 1-2 Fry ) 12-15 12-17 Extra 12-31 12-23 30c 40c & 12-23 $2 Extra 4 $1.25 of 12-11 Felt 2 5 25c 6"/2% Industries Consolidated (quar.) 2 2 Power 4 20c 1- 1- Frontier 12- Co.— 1-19 Frontier 12- 9 40c 12- 50c 12-15 iquar. 12-16 (year-end) Ltd., 12-10 preferred 1- 25c Publications 12-20 Co. 12^-31 Extra 10c Edison Utility Co. (year-end) Hosiery Mills— 12-17 12- Federated 12-15 5 12-29 12-20 Federal 12-10 2 12- 12-22 — 12-10 2 1- Foundation (quar.) 1-15 (year-end) Forge 12-21 12-22 25c (Hartford Grain, 2 1- $50c Co. 40c Cleveland 12-15 Drop Service— Corp. 1- 2 2%%> 50c Rubber Froedert Charleston Cluett 12-15 Federal l- 1-15 Extra 5 Chapman 12-11 1 Faultless Fanny 12- ccnv. 12-27 1 11-25 12-21 Cincinnati 1- 12-15 11-28 35c 12-15 1- 2 12-10 12-15 10c preferred A (quar.)_—1 Farmer Candy Shops (quar.) Frankfort (quar.i _ 12-11 5 4%% 12-15 2 12-6 12"/2c (year-end) Corp., 12-18 iquar.) com. (quar.) Investment 2 5 Finance 12-12 1- 1-2 15c 12-31 Chilton 1- 1- 12-15 12- 6 50c Extra $1 12-20 1- 2 12-22 1-5 Foster 2 2 1- 12-12 15c (quar.) 12-19 1- 2 12-16 1- 2 (quar.) quar.) Co. Company 2 $3 2- 12-31 12-15 held Plantation 1- 12-20 2- Exolon $1.02% Public preferred 4% Ewa 12-16 (quar.) 11- 2 share 12-16 B 8 $3 12-16 12-31 1- 2 12-15 $1.37"/2 10c $1.50 Eversharp, Inc., common (stock dividend) 5% preferred (quar.) Exchange Buffet Corp. (stock dividend) — One share of Longchamps, Inc. for each 12-31 12- 5 rT preferred Illinois 2 1- 12-31 1-16 12-15 $1.75 ordinary (quar.)— preferred iquar.)_ common (initial Foremost 1- 12-30 $75c 12-22 1-30 $25c (quar.) 12-10 $1.25 Ltd. 2 1- 2 25c r Forbes 12- 7 12-10 1- 12-19 ^ 12-19 States 1- 12-10 2 25c West 12-22 12-10 2 1- 12-10 $25c (quar.) Watch 12-19 Central 12-15 2 1- 12-31 1- 2 $1.75 (resumed) (accum.) 12-17 Chadbourn 12-31 1- $15c 1-15 $$1.25 (quar.) Light, $6 pfd. 2 Extra $6 Building & Equipment Corp. Brass 8 2 Central $15c (quar.) (year-end) Corp., Aroostook Brook 12- 12-11 2 25c Book-of-the (quar.)_ (quar.) 5"/2% 1- 5 $1 Sons, 6% preferred iquar.i_ Products, 4% preferred (quar.) Electric A Ltd., Co., 1- 12-20 Ltd.— Co. Manufacturing Birtman 12-15 2 11-25 $25c Corp., Register 12-26 1- 11-25 1 $44c Ltd. Bonus Ecuadorian 1- 12-20 30c $6 conv. F.) Black-Clawson 12-15 $1.75 (quar.) & 17"/2C $3.25 12-15 12-29 $1 5 93 %c Co., Insurance Common 12-29 32"/2c Commercial B Products Colliers Beneficial Easy $1.18% $22 %c A Extra 5% 12-15 $1.02'/2 5 1-15 $10c preferred Foods 12-29 8 1 12- $35c (quar.) Steel, Mahony RR. Co. (s-a) Washing Machine Corp., (quar.) $2 5c quar.) Quarterly 33/b% East A 1- $1 (quar.) participating class Beatrice 12-15 40c (quar.) Flouring 1- Ltd.— Realty (Georgia), Refining Co., 4% 1st class preferred 4.10% Central Central 20c ___ iquar,) Atlantic 4Vz% 12-29 $1.50 (quar.) Illinois Electric & Gas., 4.10% $1.75 (increased) class City Electric Bauman convertible 12-15 $1 com Central 20c (increased Atlantic Co. & Drug Co., 7% preferred Dunlop Tire & Rubber Goods Duplan Corp. (year-end) 12-29 1-10 1-20 12- Ltd.— Dow $$1.25 (year-end) $60c Co. $1 12-10 12-15 8 Ltd.— Mudge, $15c iinitial) com. Hanover 10 l/10c B Oil 12-10 2 $$2 America preferred $45c Bareco 2 1- $1 Co. of 5c Hardware, Barber-Ellis 12-15 12"/2c preferred Foundries $75c (quar.) Central 6-22 $1 Mfg. Corp Corp., Ltd. H.) 1- 12-29 $$1 new preferred Centennial 2 1- Co., Corp. 2nd 5%- (quar.i Gas Co. (quar.) Western Trust 12-15 12-22 (quar.) Dairies, & Family (initial) (A. 7- 5 3 "Ac Extra Bankers Donnell Ltd.— iquar.) 4% 25c (quar.) Extra Bankers 12- 12-22 25c non-cum. $25c (quar.) 3-22 $1 prior preferred & 12-10 5%> $43%c Westinghouse (increased quar.)__ Corp. Ltd., class A (initial) 12-22 35c preferred (quar.)__ Anglo-Iranian Oil Co., Ltd.— American deposit receipts Apex Electric Mfg., common Bangor Dominion 12-20 $$1.50 preferred 5 5 (increased)-- com. Rand preferred 4- 30c __ 4(4% Axelson 9 Dominion $$1.50 8% 5 1- Ltd. iquar.) Canadian 1- $2.50 (year-end) Oil, Allied 12-18 50c 12-19 $25c preference 4% 7% $3 Association Anderson-Prichard Ayrshire 12-16 12- 8 _ Products Cream Extra Lamp Co., Ltd. (quar.) Canadian Oil Co. 5% pfd. iquar.) $4.75 $1.73 (quar.) (B. 1- 5 12-18 Corp. (year-end) (increased quar.) Co Ice 12-10 $10c Ingersoll 12-19 50c common Co. Automatic 12-15 75c 50c Tunnel Corp. Extra 2 $$1.25 Motor 2 50c Co., Viscose Automobile 12-24 25c Corp, Extra (interim) (interim) 50c Co Verre-Mural, B 12- Vilbiss Dixie $50c A Class 10c (extra) Wringer Class pfd. (quar.) Canadian 25c American 3.75% 1- De 12-20 $5c Canadian 1- $1 common American Auto Fabric 7% (s-a) (quar.) General Securities, Celanese 50c __ (quar.( preferred Atlantic 12-30 12-15 $25c (s-a) iquar.) conv. preferred Class 12-19 $3 Associated 90c 2 Ltd.— preference 50c Service 4% % preferred Canners, Canadian 12-19 12- A Class 11-29 1- Canada Steel 15c preferred 2 12-15 (bi-monthly) class Screw Ashdown 12-17 l- Copper Co.— Extra $1 2 60c (extra) Reserve Asbestos (accum.) Machinery Corp., Ltd. 12"/2c 25c Brass Extra 20c non-cum. 2 75c Potash, Artkraft preferred Consolidated Participating Canadian Celanese, 1- 12-15 Extra Metal 1 12-10 12-15 12-15 (quar.)__ 12-15 12-24 $ 1.8 7 V2 & $1.25 1st preferred Extra Detroit Egry Participating 60c 10c Arkansas 12-17 12-17 Steel $3.50 pfd. (s-a) Trading Corp.— Hecla & 1st 1- 12-26 Common American 12-31 1 & $2.50 (s-a) partic. Pacific non-cum. 5% 1-15 Holder$ When Payable ol Rec. (s-a)_ 25c Detroit $1.50 (s-a) Canada Northern Power Corp., Ltd. Canada Steamship Lines, Ltd.— 10c Turf A convertible Canada 12-15 12-20 2c Common American 12-31 35c class pfd. Irregular 12-19 1- 25c Molasses American 2 35c partic. non-cum. Calumet 4 (monthly) Ejctra American 1- 1 $15c iquar.) Participating $7 12-17 (year-end) Products American Aluminum 35c California 12-20 12-20 25c Corp. (year-end) Ltd. (extra) Metal B Detroit 1- $l5c partic. $1.50 Corp. American American 12-31 15c (quar.) Class A $1.50 Inc. American News 1-15 Tramway Corp., 1- 10c pfd. com non-cum Share Denver 20c Ltd. Company 12-10 20c 80c Extra $3 2%% 30c Piston Burlington Steel Co., 11-19 2 2 $1.50 (quar.) Insulator American (quar.) (extra) Company (initial) Niagara Electric, 3.60% Ring (quar.) Name of 1 1- Detroit $1 Mfg. Co. Byrndun Corp. 11-19 1- 50c common Hydraulics, American $$1 (quar.) Sharpe Per Payable of Reo. Extra Extra 12-20 $1.12% (quar.) International 7% 1- 12-27 1- 70c American 5% 12-31 $3 30c (quar.) American Bristol 2 50c (quar.) preferred American Bound 1- 50c __ (quar.) Felt, preferred 2nd Class Shoe $1 1st Black 5 12 '/2 c (quar.) Extra Class & 5 5 12- $25c Co. Express Co. Factors, Ltd Bell 1212- 2 :j:40c (quar.) preferred Brown $1.75 Pipe, 60% pfd. (s-a) Body (year-end) Sugar, common American ica 2 2 1- $1 prior American Bank 11- 62 "/2c (quar.) Iron Crystal American Avon 12-15 $11'Ac 20c Brown 12-15 2 30c Extra Avery 2 1- 2"/2C American Alliance Insurance (N. Y.i American Bosch Corp. (year-end) American (quar.) (quar.) Canada, Ltd.— preferred (quar.) Amalgamated Sugar Co. American A Extra $4 12-15 1- 50% convertible Co. class (initial) Monday, December 8,1947 Holder• __ 4% 60c 12-23 8%c dividend) pfd. new Columbia Electric Ry. Co., Ltd.— prior preference (s-a) Brown-Forman Distillers Corp. com. Canadian (cash dividend Aluminum preferred Co., 5% 12-15 $1.25 Allegheny & Western Ry„ guaranteed Allen Electric & Equipment (quar.) Allianceware, Inc., common Art 12-30 When British 9 40c (quar.) Bearing Co., class Alabama Mills, Inc.— 7% 12- Engineering— preferred $3 12-23 CHRONICLE Electric, Ltd.— 4% 4 62'/2c (increased) Ahlberg $6 12- 50c Insurance Aetna-Standard 6% 12-15 50C Stock Columbia British 8 8 $2 Extra New 12- 12- 12'/2c Life 5% 12-30 12-30 12 "/2c Extra Aetna Payable of Rec. 35c 20c Co. (qi.ar.t (year-end) (resumed) Extra Aetna Power Holdere 60c Adams (J. D.) Mfg. Adams-Millis Corp. Aero vox When 50c 4__ Share Oil Columbia Burd 50c Extra Company American Buffalo week Per Abbott Name of British Budd dividends FINANCIAL British in previously announced, but & Per ' grouped in two separate tables. In the bring together all the dividends announced the current COMMERCIAL on page 46) Volume 166 Number 4653 THE COMMERCIAL & FINANCIAL CHRONICLE (2319) Stock Recordf«» New York Stock Exchange DAILY RANGE OF PRICES WEEKLY VOLUME OF TRADING YEARLY RANGE OF SALE PRICES FOR EVERY LISTED ISSUE (LOW AND HIGH Saturday Monday .Dec. 1 SALE Tuesday Nov. 'J.) Dec. 2 I n»r thnre 71 71 "L.0 I 95 71 y4 6% 6% 55 "8 "17 17 y« 36y8 7"« 100 4 4 17% 17% *85 3% 3% 3S% 71 *11% 71 11% 196 17% 17% 55 */ xi6% *47% 36% 37 35 36 7% 71 11% 197% 197% 84 2S% 11 199 11 xl96 11% 196 3% 16% 86 3% 197 70 70% 29% 900 6,200 31% 31% 30% 30 30% 97 % 97 97 96% *96 38% 37% 38% *92% 93% *30% 31 *OVB . BOO 11,60^ 96 36% 37% 400 11,300 49% 50% 50 % 50% 5G % 7% 7 % 7% 50% 7% 7% 6 '/a 83% 7% 50 50 7% TVs V8 6% 53 *46% 83 7% Jan 100 Allis-Chalmers Mfg common__No par 96 Dec 5 105% July 28 99% No* 3V4% cum 1,500 Amer J/4 54,000 Agricultural American Airlines 58 22 Va x21 % 21% 20'% 69 69 09 r-1 67% *67 Va 68 Va *66% 68 % *67% 12% 12% 12% 11 Va ll'/a 11% 11% 800 40 Va 3<% 40% 3,900 Amer 108% 108 'A 1,300 4% 4% 9,600 Amer 6,800 American 40% 41% *108% 101% 10:)% 109 % 4% 4% 4% 4% 4% 79% 80% 4% 79 79% 174 175 41 41 107 107 79 22% 174 175 40% 107 22% 107 175 40% *105 23 *106 80 *106 40% 107 40% 4% 175 107% 4% 81 175 40% 80 175 '/a 40% 40 Va 40 105% 105% *102 x22 % 23 103 109 % 80 106% 22 78 41 % 4 Va 175 *104 22% 10 22'/a 103 xl06 106 *50% 51 ''2 50% 50% *50% 51 50 20'/* 20 20 *19% 20% 19'/a 19 Va 20% 20 20 VB 20% 21% 21% 21 % *105Va 50 20% 22 VB 20 *91 41 109 4Va 176 Va 2,200 American 170 40 39 6% cum 7% Amer *105Va 107 110 5ft 21Va & 49 Va 49% 600 American 19% 400 2 li/a 3,200 91 91 91 39% 39 ?9% Cable 92 91 91 41% 40 40% 39 Vs *101% 10""'2 103 % 104% 104% 105 % 105 VB 102% 104 102% 103% 30% 30% 4,000 3 %% 30 Va 30% 31% 30% 29'/a 30 28 Va 291/2 3,100 American American Encaustic 5 5 5% 5% 4% 4% 4% 15% 16 16 16% 16% 16 Va xl4% 16% 16% 16% 17 17 17 16% 16% 16% 16% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2 2'/a 13,300 90% 92% 90% 90% 89% 87 88VB 2,700 $7 8'/B 7,800 92 8% 9% 37% 77 Jun Jan 36 May 19 50 Feb 3 36 % uoi 64% Apr 110'A Nov 12 ~5% Oct 17% Feb Oct 106% Jan Dec 210% Mar 38% 38 38 Va 37% 37% 37% 7% 7% 7% *7% 7'/a 7% 52% 12% *14 107 Va 21% 21% 1 per 94 *9% 26% 132 t j6 100 94 10 com 100 107 106 132 *129 *9% 10 313^ *90 *9 9% *130 31% 21 273/8 27Va 132 9% *130 10 32% 9% *32 Va 32% 8 8% 7V2 94% 93% 15% 8 178 1534 176 34% 176 82% 83% 153/b 35'/a 101 3% 100% 10 % 10 VB 10% 173's *16% 38% 38% *38 68% 69 151'/a 10 *16% 70% 150 151% 148% 345/8 x34% 34% 140 138 138 27% 27% *25% 26 26 26 «">2 23 % 22% 22% *43% 44% 44 44Vo 129 Va 193/4 19% 152% 152% 152% 34 *136 Va 8 94 V4 83 V4 15 Va iH O O cr- 10'/a 32% 7Va x90 x80 143/4 common preferred 1 100 104 V* 7 24 xl9% Sep 12 90 Nov 21 39 Dec 5 102% Nov 28 13 Jun 10 16% Sep 9 Oc~t 4 17% 20% Mar 12 97% Dec Feb 102 46 Jan No* 75 5% Sep 11% Feb 17% July 28 20% July 15 13% Oct 23% Jun 17% Nov 28% Aug 14% Jan 5 6% Feb 5 115% Jan 0 100 Sep 25% Feb 101 Vi Feb 8 18 Oct 1 80 Jan 16 6 90 106 Dec 4 8 1,400 200 55'/4 8,500 22% 451/a 45 45Va 2,200 *127V2 19% 152 % 1A 142% 55% 142 16% Jan 5% Oct 12% Jan 27 44% UC.V 63 Jftn 10 31% Dec 35% Nov 10% Jan 24 106% Mar 7 8% Sep 99% Jan 9% Sep 55 Jun *34% Jan 13 Oct 28 14% Nov 5 10 Jan 9 116 200 1523/4 152% 1523/4 43% *97 119% 163/4 16V8 119% 16 3/B 41 % 100 91 119I/4 91 *98% 89 *6 Va 6% 6% 6 S/8 6% 6 S/8 63% 63% *613/4 63% *613/4 6334 62 35 35VB 353'a 35% 3534 36% X34 77% 79% 793i 82 78% 81 35'/4 103 35% 52% 103 52% 20% *36 Va ":37V4 footnotes *5 .... 36% see 363/4 103 52% 20 20% 11% - 52% 20% 11% v.. 36% *101 52% 19% 12 -,5»8 36% *101 *11 12 Va v5'/8 5 36% 36 page 26. 5 „ 36 6% 79 . 361/a *101 431/a 41% *98% *87% 62 6% *60% 4,400 300 63% *60% 63% 200 34V8 32% 333/4 20,700 79 79% 77 79 % 5,170 35% 2,300 37 103 353/4 *101 36% 35% 103 52% 52% 20'/4 19% 20 12% *10% *101 4% 35% *43/4 35 12% 5 35 *52 . - 103 523/4 900 19% 20'% 17,300 *9% 11% 100 *43/4 34 5 351/4 . ,500 1,000 10 par par 100 No par 100 B : 25 100 Viscose Corp common—14 preferred Wks & —100 Elec Woolen com—No par common—No par Preferred Conv 100 prior Amer, Zinc preference Lead & Smelt No par com, $5 prior conv preferred Copper Mining Anaconda Wire & Cable. Anaconda 1 25 50 No par Anchor Hock Glass Corp com—12.50 $4 preferred No par Anderson. Clayton 7 Jun 25% Jun 23% Oct 43% 133% 11 Dec Oct & Co 88% Jan 45% Mar 163 Jun July 17"% July 60 Apr 22 V2 Jun 133% Aug 123 % Aug 17 Feb 7 12% Nor 23 Feb Oct 8 Xl73% Nov 186 Feb 37 Va Feb 7 27 % Jan 109% Feb 24 95 % Feb 9% Aug 25 15% May 20 42% Aug 108% July 16% Feb 10 14% Dec 22% Fob 4 19 8ep 20 Aug 33% Feb 34 42% Oct 15 33 <^o 52 Apr 70% Dec 1 73% Jan 24% May 19 99 May 21 Jun 27 48% May 19 144 Dec 5 32% Dec 5 138 1 25 common preferred Wtr July 17 14% Feo 106 V* Nov 186 2 Dec 1 19 5% 147 Nov 21 May 19 149% Jun American 32% July 17 Highest < per share Oct 117% Feb 11% 175% Dec Rights class Jan May 12% 5 25 Co— 44 Va 119 98 76'A Dec No par Foundries / ; Jun 21V3 Jan American Tel & Tel Co 6% 3 Sep 30 Common 15 Sep preferred Tobacco 2 Jan 15% Feb 97% May 17 American 28% Sep 101 10% May 19 American 33% 28% May 27 18 % Oct 15,200 341/2 5 34 12,500 300 21 116 42 1,700 Oct 9% Dec American Sugar Refg common 100 Preferred— —100 American Sumatra Tobacco new—5 99% 6 3% 129 21 40 91 x25% May 19 25% May 19 23% Jun 10 99% *85 5 No par Am 200 20 No par 16 80 52% 4%. 543/4 119% 6% 20 35 Va 810 6% 52 Va *10Va 9,600 153/4 91 6% 653% 143 % 119% 100 89 25,100 609,400* 1,600 53 413/4 100 1 % 643/4 65 55V4 16'% 16% 43% . 142 653/i 143 54% 152 5% Nov 8% Dec 34% common Steel 10 92 21 5 Stores 1,400 143 non-cum 18 Vi Jun $ per share 24 1C0 Stove 19 5% 553/4 (3% American $ per share 16% Feb Preferred American 1273/4 $ per share Lowest 39Vi Feb 24 Building Co No Smelt & Refg common—No Snuff 15% Year 1946 Highest 129 % Feb Razor American 19 142 Va Am Sep 5 Amer Ship American til 5 100 Seating Co— May 16% Jun Nov Dec preferred American 18% Mar 118 11% m** 22% Dec com Safety 200 *126 lf\ conv Mill American 1,000 19% 64 4%% Rolling -/i . 30% Feb 7 No par com May 55% 14 85 100 253/4 127% 1% San'y 4,200 19% 65 & St 118 5 9% Oct No par com Preferred 22'% *25 152% Amer Rad American 27'% 127% 119% 120 26% 25% 55% 553/4 *11934 27 »/b 19% 129 142 .v 20 45% 142% 91 138 23 1A 91 *137 1,100 45% 25 65 92 138 770 33% *22% 63% 43% 145 32% 23Va 1 1/4 99 144 33% 25% 45'/b 67 4234 53% 150 *25% 26% 66 Va '99 3,400 15% 1 l"6 42% 330 10% 383/4 661/2 100 101 15% 66'/a 17 270 20,800 383/4 673/4, 120 25,500 343/a *221/4 1523/4 1% 16% 14% 1753/4 32 Sep 37% Sep m 129% May 44% Apr 42% Apr No par preferred—; 27 V2 129% 193/4 152 s/8 *119% 345/8 Oct No par $5 15 % *136% No par 14% 14% 176 1 Co 3,900 55'/4 138 News 80 Va 76V4 39 *33 Amer 1753/4 81% 15% 145 American No par Co Power & Light preferred— 54% 34% Molasses $6 39 150 American Fdy Co com—No par preferred 100 4,500 17 67 16% 43,600 383% 67 120 1,309 7% 88 551/2 67 553/4 321/4 7 10% 67 55Va American Metals Co Ltd com_No par 6% preferred 100 10 5% Range Since January 1 Amer Machine 800 July 41 Va 5 49 Jun 6 Dec 4 Jan 108 n 6% Feb Dec Dec Apr 32Va Sep 2 July 29 5% May 19 Feb 34% 48% July 28 118 % Oct 15 Lowest & Metals Jan Range for Previous STOCK Amer Mach & cum 40% 150 7% Dec Par 3.90% 9% 85 YORK < 87 EXCHANGE 1,200 132 32 7% 921/4 100% 673/4 141 32% NEW 4,000 8% 27 8% 10% 1% 55% *130 100 3/4 66 Va For 7% Locomotive 100 132% Mar Nov 26% Feu May 16 Apr 23 9% May 17 12 May 19 18% May 19 preferred 4,000 92 83/a 27 10Va 66% •• common Shares 19% *88 9 27 100% 1% 141 92 10 67 *5 American Sales for 19% 130 67% 20% Ice non-cum the Week I per share 20% 10 1% 1 A Friday Dec. 5 130 *66Va *10% 500 27'/4 46 *128% 19% 52 Va 107 Va 23% 45 *128% 35% 11,500 273/s 26 26 19% x!50 138 *22% 129% 38% 34% 27% 101/4 33 8% 27 34% x55 150 *136% 27% 132 *90 *1753/4 163/8 38 69% 9'/a 271/4 35 10 Va 17% 38 94 19% 178 10034 10% 39 21 «/a 345/8 101 70% 3434 *101% 6% 191/4 *105% t per share *17534 35 % 69 152 % *34% 17 .Xl4% 176 34% 101% 83 15% 175% 34% 102 *89 106% Dec. 4 t per share 94 42 Va 100 19 Thursday Dec. 3 8% *96% *93 72% May Onf 21 j/b 5 Sep No par 19% 100 Nov 96% 5 22% July 30 19'/a *93 42 fa 1 19 V4 84% 16% Products 200 953/4 *119% Home 14 8 »/8 55'/a American 50 *13% 84 141 10,100 8 preferred conv 14 Va 94% 66% 24Va 6% *13% 8Va 152% 100 1 8 Feb 76 1 . 10 Aug 37 com 79 184 56 10 Hawaiian SS Co Hide & Leather 14 Va 84 % 19% 55 American American 115% Jan 28'A Feb 1 12 110 No par 4,000 American International Corp—100 American Invest Co of 111 _1 94% *128 No par Mar 196% Sep 54% Feb 8 3% May 19 No par 2,400 7% *7 Va preferred 8 19 25% May 19 No par 99 47% Oct 1 American 8% 27% 8 Va 700 38 23% May 21 May 21 20 % May 21 105% July 18 20 Tiling 700 8" % *138 10 com 400 S4Va *16 V2 10 100 12% 94 9% 27 10 IC'/B 29 *11% 22 *90 9% 27 313i *101% Nov 12 Va Wednesday share per 22 94 934 26% 15 3 174 12 % 107 107% Dec. 2 22 «ro *9% 15% 24% 7% Feb 28 12% 100 19 Tuesday 1 share 21% 26% 34% *7% 76 *52% May lb STOCKS share *176 8 Va 24'/a 55 i'/b 4 Nov *13% 19% 108% .Dec. per *9% 8Vs 14 19% 24% *52% *73 107% Dec 79 12% *93 12% 14 Monday Nov. 2.) *31 Va 100 *12% 19 % 108% 24 Va 8 14% 18% Saturday *129 8 55 *52% 24% *93 100 12% 55 24% 8'4 *93 19% *52% 24% *8 109% *91 Va 7% 37% 24% 14% I 8% 7% 7% 100 American European Secur 37% 12% 10 v Jun American Export Lmes Inc 40 Amer & Foreign Power com—No par 7% 100 *108% 8'/a Dec 30 2,800 76 8% *12% 89 74% Nov 5,300 76 52% *14 8 Va Nov 9 12% 16% 78 24% ♦93 90 8% Apr 67% 5 16'/a 76 Va 7% *8 89 8% 197/s Mar 26 17% Feb 4'/a 77 55 24% 8% Nov 80 May 19 15% 77 11% Apr 5 9 4 Va 77 Jun 5 88% *14% *36% 37% 7% *52% 8'% 8% 84 53% Dec 7 rv*« No par $7 2nd preferred A $6 preferred 92 *79 75 Apr 91% May 72 % preferred series A 15% 4% 11 37% Nov 52% Dec • 15% 15 24 c?ep 7 Distilling Co 900 5 % 50% Nov Oct 64% 77% Jan 100 40% *5 Oct 44 9 45 V* No par 40 % *30 34% Mav 16 No par Co 91 103% 6% July 24 Oct preferred Chicle Colortype Co American Crystal Sugar 4% % prior preferredAmerican Cyanamid Co 39% 30 Apr 90 25% 1 Inc 91 12,800 51 7 100 39% 170 16 25 92 *90 3 6% May 19 Nov 7 Corp 39% *91 8V4 Feb 397/a May 12 V* Apr Jan American 21 Sep 31 — Fdry com preferred non-cum *19% 25 July 15 : conv 23 35 20% May 19 common Chain & 95% Jan 24% May 19 No par com Radio American Car 300 Ncv 1 Co Preferred 2,400 19% & No* 91% 67 Corp Shoe Can 30 Va 10 common preferred Cable July 62% May 14 26 - 50 Bosch Brake 108 27 Mar Bank Note 154 99% Oct Jan 1 24 42% Oct Jun 73 100 Nov 30% May 19 46 preferred 202 91 50 preferred 2,500 40 104 '% 1 com May 20 Corp No par Chemical_No par common conv 1,110 22 50 cum American 21% 107 21 Va 4 177 *102 22 % 19 V2 80 'J 176 105 % 50 * 21% 68 Va 80% 3%% 4'/a 81% 4.600 No par Inc Co 100 preferred Petroleum 22 109% Cement- convertible 6% prelerred conv Portland 56Va 101% ' 5 Jan 58% 41% Jan July 63% May 22% 41 12% Nov 113 Nov 57% 40% Apr 12 31 Va 21% 40% 164 104 6 58% *12 Jan 39'A Mar 22% 12% 69'/* 16 58% 12% Jan Jan 21% 12 "2 56 30 100 55 • Jan No par 58% *12 8% Jun 21% *67 8 39 Amerada 7 Oct Feb : . Aug 29% 2,100 7 3% 44 103 212% 491/4 52% Dec 2% May lb 25'A May 19 " Mar Dec 58 Va 56 90% 102% Aug 11 5% Feb 4 :■ 12% Feb 51% May Sep 21% 55 3 Dec 135 *'v Oct" 83 J/4 x49 % 83 Oct 18 % Amalgam Leather 1 54 Nov Sep m 29% 2,700 0 25' 104 1 Alpha *83% 6 2 14 1,400 *50 8 31 % Jan 112 36'A Oct 1.300 6% 18 6% Feb 5 22% Feb 92% 84 Va Feb 4 18 May 17 29% May 17 .^5 Inc 30V2 50 29 No par Co 92 Va 6% No par Co__^_~—— 29 Va 83 1 new Dye Allied Stores Corp common 4% preferred 92% 50 Nov 3% Dec 16 »/8 Dec 4 gtd__ Inc & 30 Va 6% Feb 50% Apr 10% Dec Industries 92 86 Jan Nov Oct 30 Va 50 33 91% 30% 6% l9 Jun ' 20% j ' 82 93 Va 85 38% Feb 5 68% 41% , ■ 61% May 30% 50 7% 95 37 VB *48 Dec Jan 93 6% Sep ' Oct 30% 53 <*«& 8% / Oct V 93% 85% <, 24% 6 38 30% 84 100 oi 10 10% Feb 24% Feb- 52% 93% *48 25% Dec *1 Jan 40'A Oct May 19 May v 29% 30% 6 '/a 6 Otif i« 93% 84 49% 20 "A 96 Va 37% 5;. May 27 30% May 16 Feb x59 U. 13% 17 30% 52 84 37% 38 May 48 Va Feb 93% L% *48% 37% k 29 Dec ' 76% Nov Mills 32% 30 37% Oct . 19 5 Kid 32 30% 37% 60 18% Oct 20 91 169 . . 10 Allied 32 Va 30'/a 37% 19 13 % May 19 Nov 13 Allied 20 % 32 Va 30% *36 8 July 28 10% Tab 7 I' I per share •. 27% Dec I .400 *20 Va 33 30% *97 105% HO ' • Apt Oct 90% Nov Allied Chemical *32% 97% 7 100 Allen 20 % 4 Highest t per share par 1.100 33',4 20 Vb s per share 87% Jul 5 43% Apr Lowest Allegheny Ludlum Steel Corp_No 2,900 30% *97 preferred 100 Allegheny Corp common 1 5%% preferred .A— 100 $2.50 prior conv preferred-No par :196 33 20 4%% 11 30% 20% 5 . Jun 6'A Dec Ye»' 1946 * . Alleg & West Ry 6% 70 Va 30% 20 Ve Vicksburg Ry——100 Goid Mining—10 189 Va - No par common... 97 20'a * & *10% 10% 1 Juneau 29% 27% Alabama Inc 4,600 33 20% Corp„lo U Air Reduction Inc— Aldens 17,100 *32% *20% Corp———Nc par *92 197 ——1 ^ 66% May 2Q 90 * Co—__—_—10 Corp— ■ 2.50 Express—.— Alaska 180 *20% 30% Adams 3,700 37 Vb 36% 97 10% Acme Steel 8,800 . 3 Va 3 37% ' ' 86 86 S per share No par Co—— Addressograph-Multigraph 10 3% 29 Va Straus—— Motors Admiral 12,200 105 *95 16% *92 & 2,200 257/B 3% 70% 30'/a 96 Abraham 1,600 . 16% Par ACF-Brill 4,000 7% 25% 105 37 72 *93 26 '/a 3 Vb * • 7% 3% 86 - Adams-Millis 16% 3 Va 38 VB *70Va 30% 96 *95 4 17% 38 71 30% 25% ! V 1 7% Range Since January 1 Lowest Highest Abbott Laboratories com..—No.par 50 81/4 Range for Previous" STOCK 3,200 / 900 . 17 y8 50 26% v J 17% *47% 50 • ; 6%' 53% YORK EXCHANGE 3,600, : 90 .61/4 < Shares ■ 721/4 *77'/8 6% 56% 3 Va 39 *93 11% 196 71 *777/8!> 90 6% 105 83 3% 38 30% 96 72% •55% 3% xl7 85 3% 71 *95 4 17% 85 38% 11% *194 88 *93 72 6% *7% 25% 105 3% 30 VB 30% 97 I per snare 37% 37 8 17% 3% 71 30 *93 17% 26 7% *95 38% 39 t per-share NEW the Week * 4 3% Dec. 5 56% *471/2 37% 8 17% *85 17% 26% 100 4 17% 90 6% 56 50 37 7% 27 *95 88 6% 17% 36 7/8 7% 26% <"577/8 56'/4 *47 73 72 95 Sales for. Friday Dec. 4 S per share 7 2'/a 6% 17% STOCKS Thursday Dec. 3 56 % 50 26r; a 100 72 PRICES Wednesday snare *80 55 *47 36 % 26 vet 6% 6% 50 *7% -95 55 17% "47 $ 71 % •"80 55'% 36'A iMtre vi" 15 Jun 3 Dec 3 Apr 61 Va Apr 15 is 62 140 Nov 19 7 41'/a May 17 xllG%OctlO 12 May 19 26% Jan 90 16 172 July 17 40 45% 165 158 Jan 6 37 Feb 8 27% Nov 50% 28% July 24 29% Jan 7 25 V* Dec 43 24 Spd 38% July 58% Feb 46 Dec 2 146% Feb 24 20 Oct 4 160 Inn 38 Vb Oct 2A Feb May 159% Nov 200% Jun Apr Oct 29 82% Feb b 84% Feb 5 73 Oct 99% May 76% Oct 100% May Sep 174 163% July 23 58% Jan 3 150 48% Oct 78 120% Aug 12 1163/4 Sep 121 13% Oct 18% Feb 8 50% Oct 20 29% Jan 10% Jan 6 7 182'/a Jun 105% Nov 15% 90 Oct 51% Feb 60 % Jan 1 64 5 35 Dec 1 41 Ocp Jan 4 38 Sep 111% Mar 10 108 Dec 82 35 51 Jun no, 42 Mar Jun Jun Dec 69% Apr ' 70% Dec 5% May 19 30% May 19 45% Jan 15 28% July May Sep 87% 101% Nov 28 Feb Apr 158 100% 20 172 Sep 13 Nov 50% 138 13 2 Dec 22 174% Feb 34% 110% Feb May Apr 5 103% Feb 62 191 Mar 5 May 23 68% Jun Sep Oct ^ Jan May i 62% May xll4% Mar —21% 46% Jan 10 14% Anr 15 5R% July 7 20% Nov 29 43% Anderson-Prlchard Andes 20 10% Nov 15 16 133/4 Sep 3% Jun 4% Nov 10% Feb 26% Mar 41% Dec Oil Corp Copper Mining A P W Products Co Inc Archer-Daniels-Midland 5 No par 30 16 Jan 29 17 8% Feb 21 Apr 29 39% Oct 15 Jan 15% X64% July 27% May 24% Feb v3 w 16 COMMERCIAL THE (2320) NEW LOW HIGH AND Saturday Monday Tuesday Nov. 29 .Dec. 1 $ $ per share Wednesday 13% 97% 13% 108 % 108 49 5/a 50 50 97% 96% 97 *97 15 15% 14% 14% 14% 14% *100% 102% *14% *97% 14% 16 14% 14% 14% 14% 14% 102% 99 102 102 100 102 100 108% *15 15% 14% *14% 13% 13% 49% 97 Va share 49 % 103 *48% share per 101 101 28% 28% 28% 28% 28% 80% 81% 82 83% 83% 84% 101% 101 *46 *67 34 47 27% 106 47% *47 27% 27% 13% 13% 108 108 49% x49 97 96% $ per share 13% 13% 107 107 47% *95% Friday Sales for 5 the Week Dec Dec. 4 share per 48 96% . $ per share 13% Par 2,100 *95% 96 % Co 150 $3.75 Arnold 14% 14% *14% 15 % 200 14 Va 14% 14% *14 14% 1,000 Artloom 14% 6,400 Associated 14% 14% 101% 101% 101 14 99 14 Va 100 100% 14 101 *100% 300 6% 80 7% 2d 33% 34% 28% 27% 28 % 27% 27% 82 82 Va 79% 81% 8,500 101% 101 82 101% 15% 15% 47% 47% 28 28 % 34% 70 33% 33% 101 15% 46% 15% 47% 28 28 *67 70 32% 33% 28 32 * 70 26% 32% 107 106 ATP 6,000 770 105% 106 107 105% 106 96% 96 % 96% 97 97 96% 96% 96 96% 96% 96 % 870 23 23 23 23% 23 23 23 23 22% 22% 22 22 % 3,800 113 *113 7 *14% 65 114 *24 26 7 26 6% 7 *14% 15% 65 *113 65% 114 *23% 7 *6% 15 *6% 65 *113 26 *23% 26 *23% *14 63% 113% 63% 64 *63% 105 7 15% *'14% 15% 107 64 300 *113 114 113 113 170 *24 26 *24 26 64% 64% 62% 6% *6% 7Va 6% *14% 15% *13% 18% 18% 19 19 19'/4 18 % 18% 18 18% 17% 18 15% 15% 15% 15% 15% 15% 15 % 15% 15 % 15% 15% 16 3,400 5% 4% 4% 5 14,200 5% 5 5 Va 5 5 Va 5 5 5 3,600 40% *39% 40 % 39% 39 % 38% 39% 37% 38% 37% CO -a ■vtO 14% 40 % *14 Va 14% 14 % 14 Va 14 14 14% 14% 13% 14 15'/a 15% 15 Va 15 Va 15 15% xl4% 15 11 11% 10% 11% 10% 11 10 % 10% 14,100 16% 16% 15% 16% 15% 16 15 Va 15% 7,400 *13% 14 13% 13% *13% 13% 13% 500 2,000 May Nov Oct 17 20% Feb Dec % Nov 112% Feb 36% May 30 Aug 32% Jun 132 % Feb 124 % Dec 153 134 125 Dec 148 May May 121 May 125 Jun Feb 34 Sep 99 Jan 2 78 May 28 112 Feb 10 2 Oct 100 Oct 10 % May 19 18% Feb 15 13 Oct RR_„__No par Line 40% May 17 59 Feb 13 45 23 */2 Jun 34% Feb 15 26% Dec 49% May 68 Dec 94;;,.' May 8 31 Nov 22 105 Nov common—1 Atlas Powder common No par preferred 100 conv Tack 4 62 Jan 22 31 % Apr 15 105 Nov 23 95% Nov 13 21% May 19 57 77 39% July 113% Sep 105 18 19 Aug 8 26% July 24 73 Apr 112% Nov Mar 29 121 . ... Sep 29 y8 May Jun 83 51% May 130% Jun ——— 22% Oct July 28 X53% Nov duly 9 114 Nov 34% Apr 97% Jan 135 Jun 30 25 Sep •J0% Aug No par 5% May 16 12% Feb 10 10% Nov 25% No par 13% May 19 18% Feb 18 16% Sep 23% July 5c 17% Dec 5 29% Jan 29 18 Nov 37% Amer—5 15% Dec 3 27% Jan 27 15% Oct 4% May 19 7% Feb 8 6 Nov 32% Aug 14% Feb 41 Oct 83% Feb 38% Jan No par Corp. Nichols common prior pfd ($1.20) Co Canteen Mfg Corp $2.25 July 65 12 May 19 ICO Atlantic. 25 conv preference series A-_10o Preferred $3.75 series B_ 100 Atlas Corp ——: 5 Automatic 5 139 Sep 18% 17% Feb 18% May Sep 102 66 preferredRefining common Avco 2714 Dec Jan Highest S per share 10 W I SS Lines Autocar 4 1 Feb 19 Sep 42% 100 10 Coast Austin Dec Dec 110 10% 112 100 Inc Conv 18% 99 99 5% \non-cum Atlas 500 15 10 % May 19 14 May 17 21 Jan 55 com_-100 Santa Pe & preferred 4% $ per share Co— Investment Atlantic . 22 Sep 14 100 100 Atl G & 2,100 ^ 15% Oct Lowest 130 % Jan common 5% 1,200 46% 46 *67 9% May 19 103% Sep 8 38% Jun 10 96 Nov 24 preferred preferred-- Topeka 2,200 15% 14% Atch 1,300 101 100% 96% 105 New 1,700 83% x28% Goods Dry 1st 102 100 100% $ per share share 5 No par common—1 Corp. $ per 5 com Corp Constable 15 % Highest No par No par No par com preferred Cork Co preferred Armstrong 14 Va *100 Illinois of $6 conv prior 1,200 47 Va & Armour 28,600 13% 106% Year 1946 Lowett EXCHANGE Shares 46% 106 Range for Previous Range Since January I STOCK YORK NEW *14% *67 70 *67 70 33% 34 *103 16 27% *67 70 101V2 16 47 46% 28% 27% *101 101 % 16 16 *15% 113 RECORD Associates *28% JOl 1 STOCK Monday, December 8, 1947 STOCKS Thursday Dec. 3 108% 13% 13% 108% per $ YORK CHRONICLE FINANCIAL PRICES SALE Dec. 2 & Co of (Thei common —3 preferred conv 22'/a Mar 11 27% Jan 5 49 Feb 8 13% May 27 16 May Jan 7 37 % Dec No par V| Jun B *14 15% 15% 15% 15% 10% 10% 10% 11 16 16 Va 16% 16% 13% 13% *13% Va 14 *13 900 9,700 *64 66 64 64 *64 66 64 64 *64 66 *64 66 60 *45 45% 45 45% *44% 45 % 44% 44 V2 *43 44% *42% 44 300 23% 23 Va *23% 24 24 24 Va *46 24 % *23% 31% 31% 31% 51 48 50 31% *50 51 *50 31% 32% 50 32% 32% 24% *48 24 % 50 32% 32% 24% 24% *46 50 31% 7,600 12 % 12 12 Va 10% 12 9% 10 Va 8% 9% *23 23 Va 23 23% 22 23 22% 22% 22% 22 Va 41 41 41 41 94 19 18% 98 98 *41% 43 *41% 43 *41 42 *92 94 *92 94 *92 94 *92% 94 *19 19% *19 19% 19 19 *18% 19 98 *96 % 98 *98' *34 *16% 16% *16 % 13% 22 *30 34 34% 33 33 Va 16% 16% 16 16 % 14% 14% 13% 22 8% 30 V2 16% 34% 8% 30 Vb 35 *30 35 *22 14 Va *22 22% 100 14% 22 Va *98 100 100 *98 30% 31 31 3i% 23% 24% 24 Va 24% 24 24 % 24% 24% *84 88 Va 88% 84 *98 8% 8 31 7% 7% 30 Va *96 98 98 99 *7% 30% *84 31% 8% 31 14 % 24% 24% 84 8 98 8% *30 31 32% *16 33 16% 99 24% 24% 24% 25 24% 24% 82 80 82% 24% 25% 24%- 23% 24% 13,400 23% 24% 2,400 *80 28% 28% 28 % 28% 28 Va 28 Va 28% 28% 28 97% 97% 99 % 98% 99% 98 Va 98% 97% 98% 139% 139% 140 139% *139 *139 140% *139 Cum & Best , 3,600 10,700 139 Va 200 61 % 62 62 62 62% *61% 62% *62%* 63 14% 14% 14% 14% 14 14% 14 % 14% *14% 14% 900 1,300 7% Sales for Dec. 5 tper share 1 per share 30% *29% 30 % 30% 700 15 % 15 15% 15 Va 15 VB 14% 15 Va 4,200 Blaw-Knox 31 % 31% 31% 31% 32 32% 31 32% x30Va 30% 29% 30 Va 3,800 Bliss *17 17% 17 17 *16% 17 *16% 17 16% 16% 16% 16% 600 Bliss *34 36 36% *34 36 Va *34 36% 34 34 22 21% 21% *30 *33 35% 40 20 21% 7,500 21% 21% 30'/a 30 Va 30 30% 30 30% 95 91 93 *91 94 220 96 95 *50 52 50 50 50 51 *51 52 Va 51 52 49 51 430 26% 26% 27 26% 27% X26% 26% 25% 26% 25% 26 4,100 Bond 43 % 43 % 43% 42 43 Va 41 % 41% 3,000 Borden 53% 52% 53 52 Va 52% 52 52 % 4,900 Borg-Warner 96 94% 94% 53 Va 3% 3% 3% 3 Va 3% *3% 3% *33% 34% 34% 34 Va 34% 34 Va 35 % 35% 8 Va 8Va 8>/a *70 8Va 89 *70 89 8 *70 10 9% 9% 32% 32% 32% 29 28% 28% 32% 32% 32% 102 33 *30% 31% 31 % 31% *99% 102 *69% 102 21% 21% *20% 21% 21 21 19% 19% 19% 20 Va 20% 20% 124 *122 *122 87 7% *70 27 17 102 *99% 7% 28 Va 16% 124 *122 124 16% *31 33 32 *100 16% 32% 16% *31 10 32% 101 9% 31% *98 16% 16% 32% *31% 102 7% 7,000 87 9% 9,300 32 2,900 27% 1,900 32 2,900 101 10 16% 33 3,100 100 102 *99% 21 21 *20 Va 20% 20% 20% 800 xl9% 20 19% 19% 18% 19% 6,000 *122 Va 124 *122 Va *99% 124 *99% 124 102 124 30 10 Va 10% 10% 10% 10% 10% 10% 10% 10% 10% x9% 10% 71 71% 70% 71 70 % 70 % 71 71 71% 72 70 71 670 *35 36 35 % 35% 35 35 300 89% 89 % 89% 89% 300 36 *90 % 19 *35% 35% 35% 35% 92 *34 *90% 93 90% 90% 18% 19 *18% 19 18% 18% 18 Va 18% 1*32% 32% 32% 33 32% 33 19 Va 89% 18% 19 % *32% 32% *32% 32 % 19% 19% 19% 19% 93% 93% *91 Va 93% *91 93% *91 93 85% 85% *83% 89 *83% 86 *83% 86 33 *32% 19% *85 88 *85 88 *85 14% 14% 14% 14% 8% 8% 8% 9 Va *84 *83 86 14% 9 88 83 20 88 14% 9% 8% 83 11% 11% 12 11% 12'/a 92 92% 92 92 *3% 3% *3% 19 *19Va 19 *3% 19% 3% *19 Va 20 *101% 102 102 102% *102 3% *85 14% 93 11% *92% 19% 102 82% 11% 90 3% 18 Va 101 19% 88 14% 9 82% 12 19% 92 *83% *85 *89% 12,700 1,100 700 9,400 20 19% 92 92 92 110 85% 85% 85 Va 300 88 *85 2018 88 14% 14% 14 Va 14% 7,100 8% 8% 8% 8% 13,000 *82% 85 81 81 100 11% 11% 11 % 11% 4,500 91% 89% 90% 89% 90% 560 3% 3% 3% 3% 3% 900 18% 17% i8y2 1,400 18% 101% 98 Dec 3 106% Aug May 17 39% Feb 17% Sep 9 7 7 18% *100 Co 3%% 101 % 101 101 50 Braniff 25% Nov 12 7 24% Sep 36% May 103% Feb 17 96% Dec 112% Aug 24% Dec 5 35% Jan 21 29 "Va Nov 19% Apr 19 32% Oct 29 28% Jan Mar 83% Apr Highest Year 194G $ per $ per share Lowest v I per share share Highest $ per share Jan 6 31 Nov 46 x20% Feb 10 15 % Oct 30% Feb _1 18 % May 19 35% Nov 20 18 % Oct 33% Jun 18 16 14 No par 14 May 17 28% May 9 41% July 23 34 Nov 14 Vb May 19 24 Va Oct 18 Dec 29% Nov 17 59 Feb 42 Oct Dec 4 116 Jan 101 Sep 5 67 Jan 52 Oct 27% Nov 5 No par 91 May 21 49 Dec 1 25 May 19 15 COrp 5 common 100 (assented) Bearing Co Inc 100 5 2.50 15 Inc Co Co No par No par No par 2.50 100 No par 15 common No par No par 5 100 common No par common No par 5 Inc Co Mills Corp 2nd conv preferred 38% May 21 37% May 19 94 10 100 5 Co (*A M) common—No par Participating preferred 100 Byers 7 '/a Dec 85 Oct 9% Dec 30 May 23% 30% 101 16'/a May Nov Nov Dec Sep Get 36 Nov Sep 99 Dec 49% Jan 4% Sep 66% May 35 Mar 73% Jan 112 Apr 69 % July 48% May 57% Apr 61% Jun 107% Aug 11% Jan Dec 35 Vb Dec 13% Feb 21 12 Dec 34% Jan Jan 3 72 Jan 95 Dec 18% Feb 27 13 % Sep 20% Feb 40% Feb 11 30% Oct 53% Jan 31% Feb 10 23 Oct 42% Jun 96 30 Va 35 Va Jan 70 May Nov 115 Apr 2 3 5 25 Oct 38% 11 36 % Jan 7 31% Sep 45% May Nov 21 106 Va Apr 30 Oct 110% Mar 63 105 103 Apr 5 27% Feb 3 20 % Or» 38% 13VsMayl9 120 Jan 2 9 May 19 70 Dec 5 25% May 20 89% Dec 4 20% Nov 20 14 Sep 25% May 30 120 Jan 20'A Dec 14% May 19 May 14 124 Sep Apr Feb 130 14% Feb 9% Oct 22% Jun 86% Feb 70 Va Oct 99 Jun 37% Nov 25% Oct 45% Feb 102% Apr 96% Dec 108% Mar 23% Feb 18 Va Nov 46% Jun 26 38% Feb 10 33 Nov 59% May 14 92 80 22% Feb 17 16 Va Oct 26% July 104% Feb 15 95% Dec 111 84% Dec 97 Dec 119% May 102% Aug May 19 Dec 4 May 19 Jun 4 84 12 % May 19 Mar 12 95% Jan 6 16% Oct 23 8 Jan 22 5 24 % Feb 7 Dec 4 Dec 5 May 19 May 22 May 19 108% Jan 4 Feb 10 11% Dec 89% 3% 13% 94% 19 100 9% Feb May 19 Jun 6 88 26 26% 26 26 26 26 26 26 2,100 Byron *31 31% 31% 31% 32 32 31% 31% 31 31% 30% 31 2,000 California Packing common—No par 24% Apr 28 *51% 52% 52% 52% 52% 52% 52% 52% *51% 53 40 50 51% Nov 28 No par 42% 55 102 18% Aug Jan 26 Co_ Sep May 109% Apr 28% Feb 25% Jun 100 5 10 5 17 19 20 21 5 25% Jackson 35% Feb 6Va Feb 6 _ 15 39% Feb 72 common 5 Oct May 20 preferred__100 preferred Copper &> Zinc— Nov 36 3 Vb May 19 32 —1 Bldg 7% Bros 168 12 % May 19 common 4%% Butte 31% July 114% July 25 Terminal Butler 52% May Feb Nov 2.50 Co Bush Term 22 85% No par common—1 —100 100 preferred 100 Burroughs Adding Mach No par Bush Apr Range for Previous preferred Watch 3%% 3% % Jan Range Since January 1 preferred 4% Jan 58 Nov No par Buffalo Forge Co 1 Buff Niag El Corp $3.60 pfd 100 Bulova. 112 Oct 53 preferred Bullard 37 Dec 66 Feb 3 18% Jan 23 A__— class Bucyrus-Erie Co 7% preferred BurHneton Oct 28% 46% May 20 14 Dec 3 Brass & Airways (The) Nov 16% 4 80 Lowest $3.60 preferred Bruns-Balke-Collender $5 15% 102 Deo Bristol-Myers Co common 3%% preferred Brooklyn Union Gas Budd Apr 28% May 35% Jan Oct 5 Maine RR Shoe Mar 30% 15 143 STOCK Brewing Corp of America Bridgeport Brass Co Briggs Manufacturing Briggs & Stratton— Brown 110 Nov 101% Nov 3 150 Jan 27 (The) cum Feb 11 Dec 21 % May 20 25 Va 25% 18% Jan 6 24% Nov 10 104 76% May 19 136% May 19 common Inc & 28 Va 16% 12% May 16 39% Mar 31 18% Oct 14 28 1 May 118% July No par Roller 28 102 Stores Bower 27 % 16% 2 17 No par Boston x31 32% Co B 300 32% *100 Class Co 600 32% 32% Ami 3% 10% 102 Bon 35% 32% 32% Feb 73 Nov No par No par Carpet Aluminum *3% 9% 102 400 Bohn x35% 32 Va 28 Va 96 3,400 3% 33 31% *30 *70 30 Va 36% 9% 16% 16% 89 7% *93% 10 28 Va 102 *100 *70 8 3% *35 96 32% 32% *100 89 7% *93% 30 9% 9% *28% 8 Va Jan 40 Sep 15 12 10% May 21 com—No par . 96 43 108% Feb 46% 111 100 (Del) Airplane Co Boeing 94 *94% 17 16% May 19 of 1946-No par ser Laughlin Inc Blooiaingdale Brothers 94 95% Nov 62 5 & 96 43% 98 6 2 31 Jun 7 5% May 27 Jan 110 % Jan 100 Co W) *94 53% 20% Aug 10 common Co 30 Va 95% 12 1 Co Black & Decker Mfg Co 30% 52% 15 Sep 30% Jun No par Electric *30 x43 Nov 13 21 1 30 % 44 % 19 90 Nov Par 30 98 40% Nov 10 Co Shares 15% 52% 4 18 30 EXCHANGE 30 52 1 Jun 50 NEW YORK 15% *95% *3% 100 preferred — the Week Thursday 30 21% 100 2.50 Corp Bigelow-Sanford 14% *29% 25 common pfd 8% Dec 18 3 STOCKS Friday Dec. 4 $ per share Co Inc Corp Birmingham 29% *44 Nov preferred 14% 26% Feb 24 Va PRICES Wednesday Dec. 3 22% 39% Oct Bethlehem Steel 29 22% Dec Co 14% *34 18% 21 Va pfd $3.25 29 20% 8 1 No par Foods 28% >■97 Va w 61 % 20% 19% Feb 24% Nov 24 Corp Bendix Home App Inc com 33Vac Beneficial Indus Loan com__No par Best 14% 1 per share May preferred 2,500 61 % I per share May Aviation— 25 *61 I per share 4%% 400 *14% SALE 57 31 Howell 84 96 140 Oct conv Aircraft Bendix Jun Sep Belding-Heminway & 82 41 Va 21 Packing Bell 29 Va HIGH Beech-Nut Bell 24% 64% Aug Dec 48% RR 100 24% 88 Va Apr 5 Aircraft 7,800 Sep 25% 9 Creek 30 % 66 36% Jan 44% Dec 13 Jan Jan May 34 % Nov Beech 29% 30 54% Jan Beck Shoe 4%% 700 *95 Oct 2 Mills, 12,200 30 Va 12% 15 Foods cum 15% 97 AND 3% %. Beaunit 22 30% 8 5 Works 15 29 Va Dec. 2 Iron 22 25% Tuesday Bath 15 % 31% 16% Feb Dec Beech 600 9% May 19 48 150 16% *16 50 Co 3,800 2,100 47% 20% Apr Oil Beatrice 32% Oct 50 preferred 20 32% 30% 18% May 19 300 70 Oct 7 8 69 Feb 5 55"% Jan 6 28% July 28 500 8 Va 11 25% Feb 18 18% 31 7 11'/a May 17 60 41 7% 16% Feb 10 common 92% 25% LOW 4%% Barnsdall Nov 24% Feb preferred 100 Corp (Delaware).. 10 Brothers 40% 25 Va Dec. 1 5% common xl4% Dec 17% 5 7% May 17 Barber Asphalt Barker 92 Va 25% Monday Conv. Aroostook Bayuk Cigars Inc 25 Va Nov. 29 & 700 *30 13 100 100 12,200 25 Va Saturday Bangor 22 99 Works common preferred 14% *95 1 Inc Ohio 9 % 25% 140 4% & 22% *22% 25% *138% Locomotive Baltimore 22 98 X30% 24 Va *96% Baldwin T) 14% 98 24% 19 9 (B 22% *22 31% *92% 220 32% *12 %n 1,400 Babbitt 6 13 Nov 21% Jun Nov 15% 75 Oct 98 20% Nov 39% May 6% 105 4% Sep 110 Jan May .May Oct 9% Oct 35% Oct 22% Oct 23 15 Jan 3 99 27% Oct 6 19% NO? 40 32% Nov 19 29 27% Jan 3% Feb 8 104 Mar Jan Feb 112% July May C 2 2 7% 7% 7% 14% 14% 113% 7% 7% 29 29 29 28 28 14% 113% 2 2Va 2 14% 14% 115% *113 *113 2 7% 29 14% 114% *40 Va 40% *40Va 41 *40% 41 *18% 19% *18% 19% *18% 19% 10% 10% 10% 10% 36% 36% 36% 37% *13 13% *55% For 56 footnotes 13 *55% see 13 5% preferred - 2% 1% 2 1% 2 7,800 Callahan 7% 7% 7% 7% 7% 7% 3,300 Calumet & Hecla Cons 13% 110 40%,,. *1E'% 29% 30 30% 14 V2 14 14% 114% *110 113% 40% *38% 19% *18% 40 19 29 % 13% 110 30'% 2,600 14% 6,300 110 *38 40 *18% 420 10 18'% 10% 10 Va 10% 10% 10% 10 % 10% 21,500 38 Va *37% 38% *37% 38% 37% 38% 1,200 13 *13 13% 56 *55% 56 13% *55% 13 % 56 *13% 55 14 55% 400 60 Zinc-Lead Copper — Canadian Cannon Breweries Pacific Feb Jan Apr Apr 8% Feb 7 6% Oct 12% 21% May 19 22 20% Oct 40% May 17% Feb 1CL _ Ltd Ry No par 25 12% May 13 110 Dec 3 132 Feb NOV 18 July 10 113 Nov 147 May Oct 58! Jan 12% 40% Dec 3 48% Feb 18 43 18% Sep 29 25% Feb 20 24 Dec 25% Dec 11% Oct 22% Feb 12% Oct 21% May 50 Oct 59% May 9% May 17 15% Feb 13 13 38% Dec 2 1 18 32% Nov 11 Apr 14 ,10 50 May 26 57% Feb A 7% 58 34% Oct Capital Admin class A common—1 preferred Sep 1% Dec 14% Feb $3 3 6% May 19 No par Mills Dec Oct 47% 63 5 Campbell W & C Fdy—____No par Can Dry Ginger Ale com 1.66% $4.25 preferred — No par Canada Southern Ry Co 100 Canadian 4 x55 1 2 29 V8 10% 13 26. 53 37 *55 % 56 page „ *51% Volume 166 Number 4653 THE COMMERCIAL NEW & YORK FINANCIAL STOCK CHRONICLE (2321) RECORD STOCKS Saturday Monday Tuesday Nov. 29 .Dec. 1 Dec. 8 S per 103 share t per 103% *39% 103% 29% 29% 29'A 7% share $ share per 103% 104 29'A 29% 29 29% 41 40% 40% 39% 39% *39 18 18 17% 18% 17% 17% 1.7 42% 43% 42% 7%- ':"'7'%v 43 %--•; 43% 43 43 - " 71/4 44 43% 7% 7% ,7'A 104 7% the Week $ per share Sper share 103% 43% 7% 42% 104 per Sales for Dec. 5 Dec. 4 29% 17% 42% S Friday Thursday Dec. S <'40 41 17% share Wednesday *103% 17.%, 42% 16% . ,,42, ..... 300 42 , 433/4 3,500 250 56 56% 55 56 54 54 53% 53% 2,200 25 25% 25'A 25% 25 25% 25% 25%' 24% 25% 17,200 101% 100% 100/4 400 131% 131 131% 240 25'/8 •25% s101% IO31/2 133 % 133% 26% 101% 26% 132 *100% 101% 132 132% 26% 27 4444 44 138 101 % *100% 132% 26% 20% <•201/8 20'A *20% 20% 18% 18% 18% 18% 18% 8% 8% 8% 8% 8% 8% <■7% 8% 105 7% <•81% 83% <•71/4 7% 13'8 I314 8 8 103 103 8% 8 105 <•102 *131 26% 26% 26% 20% 20% 18% 18% 18% 8% 8/8 8% 8 7% 8 ' 7% *100 <■81% 83% *81% 83% <•7% 7% 7% 7% 102% *81% *100 83% *7 13% *13% 13% *20%, 20% 18% 2,400 7% 3,600 < 7% *100 102 *81 13% 13/8 120 13% 300 <'9'A 10% 10% *9'A 10% *9 % *9% 93/4 26 26% 26 26% 25 25% 25% 26 25% 25% 8,200 Cerro 171/4 16% 17'A 17 17% 16% 17% 16% 16% 16% 163/4 9;300 27% 273/4 100 <•271/4 28 221/4 <'27'A 22 % *103% 105 22 *27% 28 22 103% 13 'A 13 28% 28% 28% 43 'A 43% 43'/a 91 27% 22 22 21% 105 *103% *27 22 x41% 43% 43 43% 90% 90 % 90% 4 1/4 4 'A 4 V'8 4% 7 'A 7 »/4 7% 7 % 7% 7% 7% 8 "4 2,100 500 15,700 42% 41 41% 90 91 4% 4 4 4% 7% 13% 28 34 90% 90 7% 7% 7 8% 7% 8% 1,700 8% 8% 8 1/2 8% 8% 8 "5 8% 8 5% 8% 5 8,100 5 5 51/8 *5% 5% *5 <T0 10'/8 10% 10% 10% u 11 5% 11% 10% 5 5% 103/4 6 5% 5% 5% 5% 5% 5% 5 % <:3% 5% 3% 4% 5% 3% 3% *3% 3 3/8 3 3 2% 3 7% 7% 7% 7% 7% 7% 7% 7% 7 2914 7% 28% 29 % 28% 15,900 29 % 28 % ='55 * 23% 29 27% 28% 14% 14% 14% 14% 14% 14% 14% 13% 14 34% 34% 36 361/4 37% 38 36 S/8 32 373/4 33 ' 10,200 33% 34% 33% 34 33% 33% 32 323/g 56 55 5,000 55 *53% 56% *53 56% *53 56% 300 11%. *10% 11% *11% 12 *11% 113/4 100 17% xl7% 56 1114 <■55 11% 617 111/4 17% 4 Va 39 601 17 4 »/4 <'36 23% *17 4'A 23% 17% 4 % 61% *17 41/2 *36 39 60% 23% *10% 17 4% <■35 60% a 11'A 61% 17 % 4% 39 62 % 17% 4% *34 *4% 39 60% *35 61 % 24 24 24 % 24 105 "103 104 *96 103'/4 '99 103% 23 23 23 23 22% 23 22% 22% 40% 41% 40 "4 41 40 60% 24% <•103 41 402 41 <'32% * 33 8% 33 9% 33 9% 33 9% 33 9% 32 10 10 86 *83 88 <'15% 16% 15% 15% 15% 15% 15% 31 30% 31% 30% 30% *29% 31 86 *83 <■165 189 <T65 189 <'90 100 <!90 100 35 35 36 34% 109 109 <■30% 109 *30% 31% *31 108 <•107 "14 77 <•74 47 16% 35% 37% * 37'/2 1421/a 14014 106 % 76 107 *74 45 45 16 % 34 •' 4 108% *45 *106% 16% 15% 15% 35 35 37% *140'A HIGH 183 63 183 43 % 96 63 433/b per 182% 61% *1,300 43% 47 10 15% 8,500 35% 37% 37% 37% 36% 37% 7,900 142% 142% *140% 143% 184 182% 62 % 62 % Friday share $ per share 180 63 62 44 % *25'% 19% 19% 45 % 177 900 62 62 & 5>3 Cluett 44 Va 45% 45 46 10,300 95% 96 96 95% 95% 95 % 96 95% 95% 25 % 25 25% 2434 24yi 24% 243/4 1.800 *19% 19% 19 % 19 % 19 3% Apr 14 5% May 19 & com 33 23 No par com 35% Nov 28 43% Jun 107% Oct 4 115 Va Feb 4 27% Jun 10 1 19% • 18% 19 % 22 21 3.4 22 % 21% 22 % 21 % 22 «8 22 22 % 2134 2134 21% 22 *21% 22% 22 11% 11% 12 11% 12 11% 11% 11% *11 22 11% 14 Va 22 % *21% 11% 34 % 32-'% 14 13% 333 21% 1.600 360 22 4,500 *21% 21% 600 11% 11% 19,900 33 4 13 Va 1338 74% 74% 200 37% 37% 3,000 42 % 42 42% x41 41% 40% 41 3.100 96 96 % 9 6'A x95 96 94 94% 23 22% 22 7 a 720 22% 22% 22 % 22% 4,300 2% % 106 Apr Feb 62 19% Dec 44% Ju f Fi t 32 2% 2 % 2% 57,300 100 5% com—No par 33 May 19 No par 94 Nov 17 No par 24 % Dec 5 Aikman cum Inc conv & 5 18 com No par preferred Southern 20 South 17% 17% 17% 4,500 12% 13 13 13 % 12 34 13/8 12% 12% 11% 12% 21,900 21% 21% 21% 22 21% 22 21% 22 21% 21% 20% 20% 2.000 *14% 14 Va 14% 32% 323/4 108% 108% 109% 41% 41% 41% *95 96 13% 13% 96 *94% 31 30% *98 100 *95 143/4 14% 14% 32% 32 32 32% 109 109% 41% 110 41% 41% 96 13% *95 96 13% 13% 14 96% *94 95% 95% 31 31% 30% 31/a 99 99 *96 99 . *14% 14/s 14% 14 14 31% 31% 31 31% 1073/4 108% 106% 107% 103% 40% 41% 40% 40% 39% *95/2 13% 96 *95% 13% 13 % 94 31% 307/a 31% 98 % 98% *98% 11% 11% 54% 54% 53% 53% 55 55% 55 55% 54% 55% 8% 8% 48 % 49% 153A 3,600 94 30% *94 11% 8 3/8 13% 99 11% 48% 96 31% 11% 8% 12% 31 *96 11% 47% *95% 133/4 2,200 8 47% 8% 48% . 7% 47 96% 7-3/4 200 15,900 300 11% 11% 600 53% . 99 54 7% 47% 46% 7%. 3,900 - 12,400 47% *153/4 16 *15% 153% 9,800 15% 15% 15% 153/4 153/4 16 25% 26 26 26 26% 2 7/a 24 253/4 2,600 24 24 53% 23 3A 24 53% 53 53 53 53 53% 53% 2,400 53 53 52 12% 123/4 12% 53% 12% 1'2% 15% 14 55% For 12% 12% 123/4 48 46 46% 14 *46'A 14 14 % 13% 13% 13% 47% 14% 55% 55% 55% 55 55 55% footnotes 55% see page 26. 12% , *46 12% 47% 12% *46 12% *46. 47% % *46 47% 13% 13% 12% 13% 55 55% .53%. 54%. - .( 500 4,100 V 30 3,200 400 39% Aug 22% Feb 6 32 V* Nov 70 86 Mar 21 50 Sep 37 % Dec 29 5 20 2'/4Mayl9 Edison of N Y Corp.—5 Corp 1.33% 7 20 Deo 78% Deo 36% Oct Feb 13 48V2 Oct 23 36% Oct 115 % Feb 3 103% Dec 26% July 4 7 19 2% Nov 48 Jan Apr 36% May 106% Apr 501/4 Aug 59% 123 Jun July 32% May 5% Jan 11% May 21 Sep 25% July 10 13% Nov 23% 2 42% Jan 60 30 5 5 96 Nov 19 12% Dec 5 94 Dec 5 30% Nov 28 98% Dec 4 9 44 May 17 May 20 6% May 19- Apr 14 14% May 19 35 5 14 Corp com_lNopar 12% . 16% II41/2 Feb 32% May 19 Apr 14 43 May 16: 12% Jim 27 46 Oct 17 12% May 17 52 Apr 14 48 33% Sep 47 Jan 17 Jan Dec Apr May 14% Nov 17% Mar 19% Feb 38% Feb 31 1 1 Feb Feb 13 5 20 17% 10% 36 109% Jan 15'/a Feb 10 —50 Oct Sep 103 % Dec No par Convertible pref 5% series Cornell Dubilier Electric Corp! Corn Exchange Bank & Tr Co Oct 24% 105% Feb 20 V2 Feb 17 May 19 12% May 19 No par $3 prior preferred— No par Copperweld Steel Co common 5 5% 3 108'A Mar 26 132 54V2 Jan Apr 10% July 30 Continental Baking Co com__No par $5.50 preferred-No par Continental Can Inc common 20 Cooper-Bessemer 29 % Feb Jan Sep 29 11 1 Continental Motors—'; Continental Oil of Delaware Continental Steel Corp—- 18 18 111 40% May 19 5 15 Container Corp of America com__20 4% cumulative preferred 100 $3.75 preferred Continental Diamond Fibre Continental Insurance- Nov 21 par preferred- 14 104% Nov No par Grocers Apr 4% May 19 com__No par Consol RR of Cuba 6% pfd 100 Consolidated Retail Stores Inc 1 Consumers Power Co com No . Jan Sep Consolidated Laundries Corp Consolidated Natural Gas—. Consolidated Vultee Aircraft $4.50 14 40% May 55% May preferred Consolidated 1,040 40 % 96% 113A 8% 96 800 3,000 106 *94 11% 47% 3,200 14% 11 3/4 8% 400 51% 32% 32 *11% 47 11% Sep Oct 2,800 12% 8% Nov 26,900 18 34 14 24% 21/8 50% 12% Oct 33 1053/8 16% Jan 18 Apr 20 105% *11 47 35% Feb 11 Feb 7 7 Coppermines 11% Nov 33 'A Nov Cigar Consolidated 51 47 27% 23% May 19 Consolidated 17 % Oct lo 30 300 50 % 23 32 V2 Jan Jun 3,800 *11 8 Jan 12'A 32% Jan 21 18% 5% 12% 11 7 38 4 1 28 36% 30% 17 17% Oct May 20 Nov 105% 51% Jan 12% 4% 51 39 2 30% *11 Sep 14% Jan 5 % 11% 13 8% May 16 Edison 31% 52% *11 11 No par series % 50 3V % 17'A Feb 16 VB Feb 30% May 28 13% Dec 5 No par 17% Feb Jan 10 No par 11 247/a 41 Publishing Inc Conde Nast Congoleum-Nairn Inc 51% Jan Oct Sep 1,200 11% Jun 29% 2,200 17% 23% 2 31% 51 18 2 31 11% Oct Aug 29 31% 17% 16'A July Jan 31% 51 63% 110 33% Jan 32 % 51 22 60% Dec Oct 23 Oct Feb 37 123% Jan 32 $5 22% Oct 421/4 *99 5 preferred Commonwealth Consol 10 28 32 21 2 Feb 46 99 % Dec 32 105 % Jan 105'% July 25 25% Nov 31% 21% Feb 69 % May 25 31% 21 200 No par 3,400 24,000 10% 21% Oct Deo Co 99% 26/4 10% 105% 61'A Nov B com—No par 99 % 4 130 15% 20% May 19 26 *30 56 11 May 22 12% Nov 11 5 % 6 65% Jan Highest $ per share 4 May 19 26% 31 191'A Nov 1155 $ per share 10 93 10% $6 Year 1946 Lowest 17'/4 Feb 36 25% 101 May 20 V* Feb No par preferred Commercial Solvents & May 17 —100 $3.60 Commonw'th 36% May 60% Jun 165 21% Dec No par 11 17% Jan 21% Nov preferred w W—No par Columbus & Southern Ohio E16c—10 Commercial Credit common 10 26 % *11% Nov 9% May 15 cum 101% 21 Va Sep 39% 152% May 14 8 Columbia Broad Sys Inc cl A^__2.50 Class B 2.50 Gas & Electric No par Co Aug 25 16% May 19 common—lot) 31% * 12 Columbia $4.25 10 May 21 preferred Colorado May 19 x61% Jun 1140 253/4 105% 24% 6 7 Feb $ per share 141 No par 101/8 21 % 39% Mar 12 48 Va Mar 154 $ per share No par *10% 1053/4 3 Highest No par 11/8 21/8 5 17 Mar Range for Previous 26 % 105% Nov 109 Lowest 10% 21% May 21 36% Dec 141 10 Range Since January 1 25% 105% Jan 99 % 56% 3 11 21% 108% Mar 22 25/2 105% Jun 18 *10 34 21% Jan 106 35% July 28 Jan 25% 11% 105% 113% Feb 11% 21% Sep 24% Feb Pictures; common—No par 3,900 75% 37% 105% Jan 109 57 Columbia 133/4 75% 37% x5 Feb 108 101 Carbon 78% *30 205 Jan 5 Columbia 38% 5% Sep 105 16 2,500 3734 31% 38 % May 25 33% *75% 5% Nov Oct 1 Corp Colo Fuel & Iron Corp 4 *30% 15% Nov STOCK 7,700 15% 38 34 5% 108% Mar 45 preferred—100 15% May Dec 14% Dec No par com (The) Mills May 22 Oct 88% 74 50 Inc Colonial 44 % 9% ; Nov No par 1,300 Feb 38% July 58% Apr 50 gtd stock A & Dee 114 106 Par $3.50 30% Sep 100 7% Colgate-Palmolive-Peet May 27 ! Internat Jan 53 21 28 preferred-—100 30% 18 Jan 1st 5na 20% Feb 34 Va Nov 2nd 30% 6 95 non-cum 5% Mar 26 non-rum 32 10 94 Jun CO. (The) YORK 15 Sep 21% 3 11% Feb 28 May 19 4% 5% 34 5A Nov Jar. No par 4% 36 V2 Jan 30 85 4% *30% 48 23 250 31% 25% July May 19 12% May 19 100 460 102 25% Oct 61/4 Dec 178% 5 20 113/4 101% Dec 14 1 Sep 11 % 102V2 14 18 27% 8 *11 25 % 11 Feb 7% Mar 42% Mar 17 84 11% 102 15% Feb 27% May 20 11% 103 Jan Feb 66% Oct 21 5 11% 25% Jan 9 100 10% *102% 59% No par 11 % 2 Dec Oct 11 2% 45 36% *11 2% Jan July 23 Deo 17% 2% 37% Nov 12 2% Nov 21 12 2% 17 No par 17% 2% Feb 2 108 11% 2% 76% 6 10% 42 % Jan Sep 18 % 22% Jan 34% 20 113/4 95 Jan 82% 43% Feb 12 23 38% Sep Sep Feb 17% 96 Sep 15% 28 11% 42% 11% 3C% 1 29% Jan 12 96 15% July 11% July 111 12 42 33% Oct 25 12 x22 % Oct Sep 17 EXCHANGE Collins 25% May 7 Sep 21 % 100 Co . 3% 24 11% 96 Jan Nov 12 23% Jan May 21 37% May 19 11% 42 18% t 103% Nov 11% 41 % Jun Oct 56% Sep 10 11% 96 13 4% Nov 29' 8.50 Co 11% 23 % 667/a ~47/a 21 12 13% Apr Oct 15% Jan 12 13% 32 wrar 56 10 Elec Peabody & Co Class Oct Jan Oct 17% 51% May 19 11% Nov 24 25 Industries Coca-Cola Jan 25% 114 48% 34 % Dec Molybdenum NEW 43 Sep 12 Va 13 Oil RR Co gtd Jan 2 54% Jan 53% Feb "2 78 3 30% Oct 28 23% Nor 21% Nov 105 May 102% July 25 7% Feb 3 33% Nov 25 20% Jan 16 % 13% 23 7 *11 38 10 8 *11 *75/a 20 21 12 13% Oct Feb 27% Feb 12 783/, 30 27 110% Jan 14% Feb 38% Feb <11% 38 257/a July 6% May 19 *11 13% 51% Jan 23% May 19 13% Nov 25 17 37/2 Sep 14% 100 17-34 *75 24 31% 2. 11'A 17% 13:% Dec 6 21% Jan 4 18 77% 11 35 'A Mar 7 2% Dec 2.50 Pitts Jan 102% July 237/a Jan Sep 27 18 ,116 Dec 8% 30 18 38 16% Oct 14% Feb Jun 89 4% May 19 17% 13% 110% Feb 96% Apr 15 12% Jan 31 Oct 1734 38 4 116. Jan 5% 18 *75 13"% 1 *17% 34 17% Apr Sep 8% Feb 15 34 % Oct 9 4% May 17 8% May 19 15% *34 8% 2 14% July 17% Jan 15 % 34% 2 10 Va Jftn 6% Feb Preferred 230 25% 19% 34 'A 5 19 Jan 14 Va Jan ■ 26% 15% 36 3: Dec Nov Jun July Oct 15% *34% 29 Nov 15% 22 .Jan 41 90 No par Illuminating Coca-Cola 25% 11 23 7% 15 "A % 38% Sep Sep 9% 15% B Jan 20 vtc—No par P preferred & Clinton 390 *1300 25 *19% 22% 15% Feb Shares 172 % *1300 44% 15 11% May 19 100 the Week $ per share 180 62 182% 43% 7 Jail 20i: 14 19 10 Va Jan preferred Sales for Dec. 5 Dec. 4 *1,300 __ 2 Nov Jan 161% STOCKS Thursday Dec. X per Dec 82 No par PRICES Wednesday $ 103 109% Oct 21% Feb 22 Ya Feb ' 6 7% May 19 7% Nov 28 Ry Co corn.—100 Climax 20 share Paul Cotton Special 400 95% 96 25% 15 3 183 "62 "1,250 __ 43 % per S Cleve 152% SALE 18% Jun Sep Sep 138 32% Feb 24 5 preferred 5% 40 1434 39% May 19 20 July 17 23% 104% 6 Apt* 28 50 Graph Bronze 40 74 *45 156 9% Oct 21 Co $4.50 Clev 107 *35 5 Dec 12% Jan 29 & St Louis 5% 200 37% Dec. 2 share 47 108 % Jan 131 81% May 25 Co cl A Yellow Cab Cleve Elec 150 30% *140% 38 142% AND *4r 5 153 6% May 19 Equipment C C C 80 74 35% 37% Clark 107 75 *45 142% 47 108% *35 Tuesday "62 *74 xl5% LOW *1,250 *105% 75 100'/4 Dec No par preferred City Stores j. 6,600 110 30% 16% •Dec. I *180 108% 110 31 35% 37% S 31 47 Monday share 36% 110 18% Nov 5%% __ 85 36 54% Nov Co City Ice & Fuel— City Investing Co common - 195 85 16 Nov. 2!) per *165 31 *74 7,600 800 85 8 Preferred 900 36% *109% RR Cincinnati Milling Machine C I T Financial Corp. 15% 189 109 111 Cincinnati Gas 31 85 Feb 27% Oct 22 1 1,100 ?29 36 % 64 17% May 19 No par 6,700 86 89 49'/* May 19 Chrysler Corp 2,900 35'/4 <•140 ','4 23% 23% 15% Jan , 29,800 9% 30% 183 Series A preferred vtc 104 9% Nov Chicago & Northwest com_—No par 5% preferred 100 Chicago Pneumat Tool com—No par $3 convertible preferred No par 700 30% *165 61 31% *83 7 No par Chickasha 31% 15% 158 % Jan Chile Copper Co 31% 10% Jan Jun Copper tChilds Co 40 86 10% 55 No par B 400 39% 15% Oct Nov No par Ind & Louis Ry 2,100 40% 16 % Saturday S 10 23% 35% 16 % "35 23% *100 6% 31% 40 4% 39 36% *30% 75 "31% *83 189 1C9 31% 23% 31 36 % 110 59% 23 15% *85 361/4 61% 8 19 preferred Chicago Feb 7% Feb Co Milw St 60 46% Nov A 17% 4»A *35 104 a 40 86 *165 90 109 % "106 < 189 90 35% 109V4 31% <'45 *165 22 7 10% <'83 °83 23% *99 32% 4% 39 Jan Jan Jan 13. Products East Class Chic 6,300 35'A Chic 8,500 14% 33% 31% 31% 28% 14% 34% & 5% 2,500 7% 141/8 6 Deo 34 29% May 19 135% Dec 5 25 — 5,000 3% 712 28% Pasco Belt Class 2,900 <•51/4 <!34 1 common Chicago Corp (The)—; 1 Chicago Great West RR Co com—50 1,300 10% 11 NOV 1,400 28 431/4 34% Chic 27% 90% 15 Oct 1,000 28 % 4% NOV 13 28% 43% 13% 20 Va Feb 13% 29% 901/2 14 10% May 10 70 4% de Chain 1,000 1033/4 90% 4'A 21% Oct 45 20% May 19 213/4 1033A 13% 12% 12% May 19 35% May 19 19% May 21 103% Jun 4 213/4 104% 14% *27 61% No par 21% *103% 14 *28'V2 . Corp May 39% Sep Champion Paper & Fib com__No par $4.50 preferred _No par Checker Cab Mfg I-1.25 Chesapeake Corp of Virginia^ 5 Chesapeake & Ohio Ry common—25 3%% convertible preferred 100 21% 104% 13% 4% <•901/2 27% 13% 13% 28% *27 *104 103% 13 28 Deo 39 10 common—— Certain-teed 9% 38% 7 22% Nov 10% % 2 50% Feb 1,900 26 9 39% Jan 4% May 19 12% Aug 21 9% Sep 25 16% * 3 preferred 100 Corp pfd 3.40% seT_100 09'/4 137 18 JCentral RR of New 25% Highest 8 per ahar§ Sep Dec Jersey __100 Central Violeta Sugar Co—___9.50 Century Ribbon Mills No par . 112 Nov Central 111 Lt 4%% Cent NY Pi 7% 9 29 Central Foundry Co—,——;——1 Central Hudson G & E Corp—No par 83 7.% Corp Jan 39 5% preferred :_w—— -20 Central Aguirre Association—No par ' 7% 13% Celotex 128 5 Celanese Corp of Amer com__No par $4.75 1st preferred-; No par , 7% 2nd preferred100 3,300 25 8 per share 50,, series Caterpillar Tractor 4,700 8% 8 101 % Nov $ per share 100 (J I) Co Preferred 100 18% < 26% 83% *7 13% 13% 26% 102% *81% 7% - 13% "41%* '135% 20% 18% . 137' 101 *20 % i 137 101% 26% 18 %> , 137% 132% 132 27 <•201/8 105 44% 137 % common Case 135% 55% 138 Year 1946 Lowest 100 _ General I per share 100 Co 4% Carriers & 55% 44'A 44% 139 Corp Preferred 1,700 <•1371/2 43% Steel 7% 56% 55% Carrier 2,300 43% 139% <•137% Carpenter 3,300 ■' 7% , : 17% Range for Previous Range Since January 1 Highest Lowest Carolina Clinch & Ohio Ry Carolina Power & Light Co 3,400 40 *39 40% " STOCK Par 340 29% 29% YORK EXCHANGE Shares 105 104% 29% . 7%' . 105 29% NEW Nov 32 Aug xlll Feb Dec 115% Mar 24 35% Sep 54% 104% July 31 20% Feb 10 106»% Apr 9 12% Feb 22 101 Jan Apr July Jan 33% Sep Sep 109% 8 53% Jun 110% July 30 13% Feb 7 103% Nov 113% Mar 44% Feb 8% Nov 18% Feb 55V2 Dec 1 46% Nov 63 Jan 12% Feb 8 10 Oct 24 Jan 50% Oct 23 19 Feb 19 33% Oct 49% May 15 Nov *23% May 27'A Oct 23 13% Nov 30% Feb 53% Nov 21 46'A Dec 56 17% Oct 6 12% Oct 23% Feb 5 50 Oct 60 55 Feb - 20% Feb 13 61 Jan 7 *12% Nov 52 Sep Jan Apr 27% Jan 67% Jan 17 18 THE (2322) LOW $ I per share S sha ver SALE % per share the Week I per share t per share 21 21% 21 20% 98 *96% 98 *96 98 *96% 97% *96% 98% *96% 98% 98% 66 V* 5 3 35 V* 12% <■23 24 23 23 *41 41% 41 42% 12% 44% 32 32% 121% 103 11.-Vt 119 Va 120 24 Va 24% *101% 15% 71% *71"* *29 13% 14 94% *16% 17% 16% *25 V* 26 V* *25 V* 9% 9% 9 V2 137% *137% 62 Va *59% *60 5% 5 20% *26 V* 99 12% 12 12'A *23 3%% 500 32 Va 32 Vt 32% 31% 32% 7,500 101'A 101 Vt 101% 101 Va 101% 350 122 122% 121 % 120% $4 2nd 440 121 24% 23% 121% 23% ' 23% 4,503 69% 68 Vt 68 Vt 68 68% 700 5% 29 28% 29% 23% 29 240 Cuba 29 16% 16% 16% 16% 167/a 16% 2,100 9 28 Sep 35% 32 Oct 62 47 Dec 54% Feb 25 Oct 40 V* Apr No par No par 100% Oct 24 105 Va May 19 108% Feb 24 130 Ve Oct 16 103 Sep 110% Feb 110 Sep 150 Amer com—No par of 22% May 19 13 29 Dec 88% Dec 22 Oct 17 V* Oct 68 Dec preferred 100 Cuban-American Sugar common—10 22 5 16 Va May 14 19% Feb 7 Cunningham Drug Stores Inc—2.50 24 Va Oct 29 6% May 19 27 Va Nov 12% Feb a 147 Dec 70 Mar R% Feb 8 20% Nov 6 92% 92% *90 Va 94% 90 91 200 *16% 17 * 17 Cuneo Press Inc 25'A *24% 60% 60% 20% 20 20 V* 8% 9 143 *60 59 59 4% 5% 5 20 V* 20 Va 20 Va *131 137 9 Va 11,000 27% 27% 26% 26% 25% 23% 23% 23% 23% 23% 23% 24 Pub 340 $7 300 5 % 4% 15,700 20 Vt 20 V* 3,700 20 Va preferred Curtiss-Wright Class A 25% 24 25 Va 800 24 V* 23% 23% 1,800 1 common 1 12% May 21 100 129 Feb 18 18% May 17 — Inc 7% pfd Cutler-Hammer Inc 21% Jan 113 Va Jan 16 56 Jun 6 4VaMay20 No par No par Cushman's Sons 137 *131 1 j7 *25 Jan Jan Apr 54% Feb 115% July 46Vt Jan 28% Jan No par 7 160 Jan 165 Jan 17% Sep 18 101 Mar 12 95 Oct 106 Mar 16% Nov 24 Va 10 NOV 26 4 103 Oct 146% Feb 1 60 Sep 76% 5% Oct 12% Apr Feb 17% Oct 16B 165 No par com Prior preferred 4% new com (The) Co 58% 142 142 24 27 Va 25% Curtis 58% 147 61 *131 137 *131 137 200 141 5 Vt 5 600 25'A 140 141 *138 8% 9% 9 9% 9'A Va 17 *24% 110% Aug 3 100 *91 Va *16 V* 2 13% May 19 Jan 7 13% Dec 5 90 Dec 5 preferred Cudahy Packing Co 4Va% preferred 17 96 Jan IB 34% Oct 21 5 10 100 7% 13% 25 V* 37 % Feb May 2u 6% 13 Va 16 Va 2b 100 ; . 13% 25 Vt Jun 20 preferred RR Jan 49% Jan 13% 25% 10 7% Oct 52% Mar 27 34% Oct 16 13% 3,300 Nov Apr Oct 45% Oct 2 No par preferred—_—: Crucible Steel 180 *165 180 *1-1)5 180 22% 101 Dec 14% 30 (The) com $4.20 preferred 24 5 4% 75% 210 Vt Mar 1 Apr 29 Seal No par Zellerbach Corp com—: 5 Crown Mar Nov 44% Nov Cork 32 Va 31 Deo 7% 23 Nov 17 31% May 19 of Wheat .Corp & 13 Xl85Va Oct ' preferred $2 4 40 Va Feb 58% May 7 Aug 15 9 16 Crown 100 45 8Vt Jan 4% Jan 75% Jan 195 14 Cream *43% 7 11% Nov :a._l r.mtrica 300 42% 45% 109% Aug 107 2,700 43'A *43% 39% May Deo 6 8 32% Feb 19 105% Feb 6 105% Jun 26 4 23% 23 Va 41% 45% 24 42 Oct Nov 29 19 29 15 97 Va Dec 43'A 23 Va 42% *43% *23 V* of 25 Va 5 Jun 2% Aug 100 preferred Creameries 4,000 ( per share 101% Nov Nov Oct Sep 174 common 13% 5 Va *131 99 12% 12% 97% Co 13% 25% 62 20 V* 20% 137 *131 16% 5 C'oty Crane x34 97% 100 12% 2,000 6,600 3 6'A Higheat $ per share 26 V* May 13 International Corp 2% 34 Va 2% 3 35% *91% 141 137 27/a 3 36'A $ per share Lowest 20 Vt 98% 100Va 61% 1 1 Coty Inc *16% ■ 26 .9% 3,500 *165 180 13% 92 Va *91 Va *91% 16'A 16'A 13% 13% 31% *165 180 *165 71 *29 16'A 15% 15% 180 *165 24% 70% 31% 430 5 *69 122% 24'A 71% 31% 71 Va *29 32% 103 122 24% 24% 45% *101 103 175 5 101 42% 32% 32'A 32 101% 23% 42 45% *43% 44% 175 5 *97 23% *43% 2,900 176 5 2% 12% 66% 66 preferred pfd 3Va% ser of 1947—100 Corn Products Refining com 25 Preferred 100 Cum 176 35% 98 3Va% 5 100 Works common Glass Corning Year 1946 Highest $ per share Par 6,800 176 3% 12% 12% 66% 21'A 5'A 5 98 100 12 V* 66% 67% 66 Vt *175 36'A 3 35% 35% *99 99% *98' 175 V* 5 Va 3 Va 3 35 Va 35% Va 5 *5 5 3 175 5 176 *175 67% 67'A 67 V* 66 V* 66 Va 176 175 21V* 21% 21% 21'A 21% Range Since January 1 Lowest Shares 98%" *96Va 98% *97 *96% *97 98 Va Range for Previoua STOCK YORK EXCHANGE 97 *96% *96 98 21V* NEW Sales for Dec. 5 *96 Va 21 Monday, December 8; 1947 STOCKS Friday Dec. 4 Thursday Dec. 3 share per CHRONICLE FINANCIAL PRICES Wednesday Dec. 2 1 .Dec. Nov. 2J HIGH AND Tuesday Monday Saturday COMMERCIAL; & Jan 132 Apr 23 30% Feb 1 July Jan 34 Vt Feb Oct July 45 May Deo 25% 145 Deo 128 98 V* D *23% 94 20 Vt 20 Va 10 94 Cum 92% *92% 94 *92% 20% 20 Va 20% 21 21% 21% 21% •21% 900 23 22% 22% 22'/a 22% 22 22Va 21% 21% 1,100 Davison 9,100 Da "ton *22 Va 22 Vt 22 Vt 26 25% 26 Va 25% 26% 25 Va 26 95 94 94 94 94 92 92 Chemical Pwr <fe 93 92% 93 92 92% 91% 13% 13% 13% 13% 13 V* 13>/4 13 11% 11 11'/a 11 11 Va HVa 11% 11% *38% 39% 39 39 39 39 38 89 Dec 5 91% 90 Dec 5 101 Va 12% 13 2,100 Dayton Rubber Co 50c 12% Sep 12 11% 11% 4,500 Decca Records Inc 50c 11 37% 38 1 33 No par 31 500 Deep Rock Oil Deere Co & Corp 43% 44 43 43% 42 43'A 33% 33% 33% 33% 33% 33% 900 38% 38% 38% *37% 38% 37% 37% 36% 37% 1,800 Delaware & 7 Vt 7% 7 V* 7»/a 7'A IV* 6% 7Va 5,600 Delaware Lack 7 9,900 7% 7% 15% 15% 15 % 15% 16 14% 15% 39% 39% 39% 39% 39% 38% 39 Va 38% 38% 38'A 38% 2,200 21 21 20% 21% 21 % 21»A 21 Va 21 Va 11,800 25 Va *16% 26% 67 *57 26 12'A 12% 25% 24% 25 *24 17 *16% 16% 16% *16 Va *26% 27% 2d Va 17 26 3/4 *16% 17 26 26% 25 26% 14 14 *57 40% 40% 40% *40% 41 39 Va 43 Va 43% 43% 43% 43% 43% 44 43% 43% 44 44 19% 19% 20 19% 19% 19 Va 19% 2,600 16 Va 16% 15% 16'A 22,300 17% 17 17'A 1,200 34% *33 19 Vt 19 Vt 19% 16% 16% 17 ) 6% 17 V* 16% 16% 18 17 Va 17% 17% 17% 17 Va 17 Va 33% 33% *54% 55% 17 Vt *33 35 *33 35 *54% 55% 54% 54% 34% 35 *33 77 Feb Detroit-Michigan Stove Co 10 Va May 19 13% July 17 Va Jan 3' 26% Oct 16% Dec 19~% Dec Oct 29 23 2 Aug 900 35 200 54 410 Vilbiss Devoe & 6% Distill 2,400 1,900 Doehler-Jarvis 17% 16% 17 16% 17'A 5,600 Dome 49% 47% 48 46% 47% 4,300 39 9,500 38% 39% 39 39 V* 99% 99% 99 99% 98% 99% 99% 20% 20% 20% 20% 20% 20 Va 20% 91 87 87 x85% 15 15 15 15'A *86% 91 *86 14% 15 15 15% 15% 15 97 2,600 20 V* 19 Va 20 7,100 86% *84 V* 15 Va 14% 15 Va 15% 15% 15% 15% 15% 95% *84 86 15% 14% 14% 184 Via 184% 184% 186% 186 186 Va 185 185'A 184 185 Va 120% 120 120 120 Va 120% 119% 120 120 120 V* *120 15% LOW Nov. 29 per $ share t share per 114 HIGH AND per 15Va *15 SALE *114 *15 115 15 Va 400 $4 15 preferred 300 S per share 50 Oct 34 Vt 2 11V* Mav 19 18 Vt Jan 2 14% Not 30 19 Va Oct 15 16 Oct 6 Sep 18 28% Not 52 30 48% Sep 62% Feb in 25% Not 48 39 Va Oct 23 X23% Sep 37% May 21 Va Jun 18 16 V» Deo Jan 7 63% Not 108 % Mar 118 25 May 22 Dec 5 20 28% May 19 16 Vt May 14 45% May 27 76 15 common No par No par 50c common preferred 100 1 conv (new) No par Pont de Nem (E I) & Co com__20 1,700 Duplan Corp 4,100 Du 49 36 Va Sep 3 ll'IVa Deo 22 Vt Jan Mav lb x85% Dec 34 Apr Jun Mar 29% Feb 42% July 24 8 103 Nov 26 95% Dec 5 14 Jan July 55% Oct 40 % May 19 No par No par 5 International^ 3%% Dunhill 183 % 15% Oct 98% Feb 91 Oct Feb 15 Oct 1)4"a Feb 19 10 % May 19 14% Nov 29 14 Jun 104% Oct 33% 116 Jan Apr 41% May 17% Nov 97 Va 173 May 27 197 July 161 Oct 227 Jun 800 121 97 Va Sep 16% series A Industries Dresser 15'A 181V* *120 42 13 $3.25 2nd preferred 1,500 86% Preferred $4.50 series No par 119 Nov 24 129 V* Aug 124 Dec 133 July 2,000 Preferred $3.50 series No par 97 Nov 17 107% Sep 110% Sep 12 14 Va May 20 115 Va Jun 112'/a Oct 116% 13% Sep *113% 115 120 Duquesne l ight 5% 14% 15 500 DWG 100 5 1st pfd Cigar Corp 19% Mar Sales for Dec. 5 the Week 1 per share t per share NEW YORK 21 Feb May Range for Previous STOCKS Friday Dec. 4 Thursday Dec. 3 share 97% *15 103 Va PRICES Wednesday Dec. 2 1 ,!)ec. 98 114 15 Va Tuesday Monday Saturday 97% 98 98 Va 114 *15 15'/a 15 Va 15% 114 115 115 115 97% 99'A 98% 99 Va *99 *113% 37'/a 103% 99 19 Va 99% 20 Va 39% 104 97% 104 105 *103 103 26 No par Douglas Aircraft Dow Chemical Co 38% Aug Jan No par 16% 48% 103 Apr 60 24% Feb Ltd Mines 18 50 39'A 60Va 2 Corp 17% 105 Oct No par 49% 38% 39% May 34% 26 Co 18 *103 Sep 17 Jan Co common 50'A 38% 23% Jan Jan Nov A Pepper 17% 103% 24 S 47 22 18 1 48 Va 48 Oct 31% Feb 15 16 Ltd Corp-Seagrams Class 15 Va 20% May 14 35 Va Apr 42Va Divco Corp. Dixie Cup 7 2 25 Car T Motor Aug 44 Co partic preferred Diamond 48% 38 Va No par common 18% 103% 5 12.50 Co Match 37% 37 Va 1 1 Raynolds class A Diamond 36 % 37% Apr 28 Oct 3 7'A 22'A 38 100 Oct 37'A 23 100 60 Dr. 22% Jan Jan 23 20% 38 16 Vt 1 20 23% Oct 62 V2 Oct 54 38 Va 6% 4 54 23 S 59 21V» 38 July 50 Va 26 54 38 Jun 42 V* 20 20% 23% 18 1 ;s 58 Va Sep Oct 55'A i, Dec Oct 25 Vt 16% Nov 54% 22'A 23 *37% *17 31% 33% 0 27 Va Mar 25 De 700 43 Va 16% 23 20 1 70Q 1,100 40% * 46% Oct 38% Feb 1 10% Feb Detroit Steel Corp 16 Va 32% Dec 5% May 19 20 600 40'A Dec 45 Vt Mar pfd for 2,800 25 Apr 22% 32% May 19 com for 12 Va 16% 34% Nov 6% May 19 *>*% May ]q ctfs 24% 25 Nov 17 31 Detroit Hillsdale & S W RR Co__ 100 67. *39 16% 11 45% Oct 8 May 17 RR West Edison 12 17 11 Aug 20% Dec ctfs Escrow Detroit 24 Va 40% 23% Feb 20% Feb 50 Western Grande 12% 26 *39 *18% & Rio & Escrow 4,200 40 19 Va 20 July 24 25 Sep 29 100 Hudson 24 Va 12 Va 12 V* 25% 12 *25 Va 25% 67 *57 12 Va Va 12% 12 % 14% common Preferred Denver 14 % Nov May 101% July 29 100 32% 67 36% July 100 series B 44% 12 Va Sep series A Preferred 3.75% 44 *57 28 3 Preferred 3.75% 32% * 0 25 Va Dec 160 620 33 67 35 V* Jan 26 44 Va 20% 31 % May 90 32% *57 Not 90 43% 67 34 16 Va 91 Vt 25% 33% 21 Va Not 23 90 43% *57 17 24% Oct 63 43% 21 Va 29 25% *32% 7% 26 23% Oct 38 93 13 38 7 Light common— 18 96 V4 Jun 90% Nov 13 94 13 11% 38 5 1 (The) Corp 26% Sep 12 14% May 20 16% Jan 16 19% Aug 26 100 A Davega Stdres Corp N Y 91% 25 Va *90 *93 38 1 series pidi 3%% 92% 25% 39 *92 V* 93 20% *94 *38 94 Corp common 20% *92% *92% * Dana STOCK Year 1946 Range Since January 1 EXCHANGE Lowest Lowest Shares Par Highest $ per $ per share share S per share Highest $ per share E 22% *22% *22% 22% 22% 22 Va 22% 22% *21% 22 22 21 1,200 Eagle-Picher Co 10 19% Jan 16 Nov 5 17'/a 17 Va 17'A 17% 17% 18 18 1«% 17 Va 16 Va 16% 17,400 Eastern Airlines Inc 16 Va 16% 16% 16% 15% 16% 14% 15% 14 V* 14% 14% 14% 5,900 Eastern Stainless 45% 45 Va 45% 45% 45% 45% x44 % 44% 43% 44% 42% 43% 13,200 176% 176% *176% 178% 179% xl78 180 175% 175% 177% 80 56% 57% x55 55 54'A 54% 54% 1,300 Eaton Manufacturing Co 4 42% May 17 *19% 19% 19% 19% 2,100 Edison \ 19 95% *95 Va 178 56 56 * 56 56 19 V* 19% 19% 19% 95 95 96% *95 16% *105% 5% *12% 36 2% *146 137 51% 5C% 52 12% 12% 2 Va 15'A 145 146 135% 138 138 54 53% 54 53% 54 *16 16% 16% 17 16% 17 59 15 xl6 58% 59% 15 15% 14% 19% 19% Xl9% 12% 12% 12% 18% 13 Va 13 Va 13»/a 104 105 % *104 *2% 2% 2% 2% 33 33 33 33% __ — 53% 58% 19 104 *136 Va 15% *12% 2% 2 14% 145 58% *18 33 V* 12 Va *33 15 , 18% 104 * 58'A 15 16% 106 x50% *53% *58 16 *104 52% 148 135% 97 5% 13'A 2 19% 95 Va 5% 36 15 16'/a 106 * 5% *33 2% 19% 19% 97 5% *12% 15% 15 Va *144 149 137 52 *104 12% x2% 15% 5% 16 Va 16% 106 35% *33 2Va 15 Va 52% 12% 13 V* *33 5% 51% 52 52 106 106 *105% 5% *5% 16% 16% 16 Va 16% 106 95 17 Va 33'A 104 2% *32 Va 105 Va 2% 13 35% 2 *33 2 5% 35% 2 15 14% 146 147% 148'A 138 138 138 15% 54% 19 Va 15% *104 50 *60 66 *60 49% 50 67 *60 8% 8% common 10 preferred Bros Stores Inc % % preferred Ekco Products 100 Co 1.700 50% 51% 4,700 Electric Auto-Lite 12% 12% 2,400 Electric 35% _ _ 2 Ve *2 14% 148% *136% 2,300 15% 15,700 149'A 138 5 common 4Va% 5% *34 100 common—. 100 1 , (The) 5 2,600 2 Elgin National Watch Co 58% 2CVa 11% 1,600 33% 106 2% 32% *105 2% 32% 106% 33 33 104% 8% 8% 50 49 66 *60 66 *60 V* 1% 1,200 Battery Natural Paso No par Gas Emerson Electric Emerson Radio 15 JFmiitable 7,900 8,600 Erie RR 700 *9% 10 x9 Va 9% 19% 19 Va 19% 19% 19% 19% 19 19 Va 19 19 11% 12 12 12 11% 12% 11% 11% U V* 11% 44 44 *42% 44% 44% 45 *43 Va 10'A 10 JA *10 11 52% 52 V* *52% 53% *30 V* 30% 30% 7% 7% 7% *38% 39% 38% 38% 9% *60 8% 9 — 1,500 18% 18% 900 11'A 11% 7,700 Office NOV 6% NOV 16% Jan 65% Feb 13 50 Va Oct 80 Va Feb 114 Feb Wiiliams Products No 29 V2 May Sep 180% May 167 July 156 Va Feb 24 128 Sep 57% Oct 3 40 Oct 66 Va Jun 44% Sep 61% Jun Feb 24% Mar 19 11% NOV 30 ye Deo 437/o Mar 19 Va Jan 8 17 Nov 21% Oct 104 Sep Jun par 100 50 27% May 17 May 7 2% Dec 4 102 8% Dec 5 % Dec 5 8 V* Dec 5 47% May 19 63 Nov 24 38 107 Apr 2 2 Mar 24 4Ve May 4% Dec 5 1 Va Dec 5 3 Jan 3 48 Oct Oct 23% Feb 93 Jnn 35 Mar 25 90 Oct 95 Jan 8 10 Oct 22% Jen 7 15% Oct 25 Va Jan 7 21% NOV Apr 58% Apr 34% Oct 63% Jan Oct 11% Jun 13% Feb 1 3 Corp 7% May 17 32 Va May 19 50% Oct 18 May 12 13 Va Aug 6 Jan 44 44% 43% 43% 900 10% *9% 10 10 v* 11% 1,700 Exchange Buffet Corp 53% 55% 54% 55% 53% 53 53 Va 1,400 Fairbanks Morse & Co 30% 30% 30% 30% 31 31 30% 30% 1,600 7% 7% 7% 7% 6,500 Fajardo Sugar Co of Porto Rico__2o Farnsworth Televis'n & Rad Corp__l *36 Va 37% 600 Federal 32 16% 17 Va Jan 5% Jan 12 Va Feb 18 May 19 10 V* Nov 17 44% llT 67 5 10 2 V« 5 5 Corp 1__ Ex-Cell-O Jan Deo Oct 17 Va 100 Inc 7% 3% 13% 138 8 No par Co Eversharp 5 July 24 28 ; preferred series A Erie & Pittsburgh RR Co Evans 3 19% Feb 171 21% Feb common__25 5% Eureka 8 16% Oct BIdg__ common Sep 47 Jan 15 Va Dec 10% *10 106 Va 18 9% May 19 13 May 19 11% Dec 5 Rights 8% - Dec 17% 18 8% Feb 46% May 20 1 48 Va — 27Va 17 lllVa Feb 4 New 8'A 65 Feb Aug 3 i Mfg Co & Endicott Johnson Corp 4% preferred. 48% 65 Oct 71 40% May 112 59% Oct Phonograph 5 Empire District Electric Co __10 8% 10 8% "4 El 49% *9% 9% 60 5.700 _3% *49% 900 105 2% Oct 14 8 15% 11% 27 Va Feb 101 3% Jan 15% 12 V* 4 11% May 19 145 Dec 2 135 V2 Dec 1 15% 11% Dec 7 Feb Electric Power & Light com__No par 15% 12% Oct 23% 2 25 Va Feb 48% Jan X58 % 1,700 3,800 4,900 39 57% Dec 109 35% Apr 16'A 14% Aug Oct Electric Storage 58 209 Deo 1,600 21 Nov 21 12% 53 14% Jun 190 198 V8 Oct 34% No par 58 61 48% July 23 5 No par 14% Oct 21 4% May 19 50Va May 17 31% May Jan 10 preferred 20 Va Nov 20 15 Va Aug 29 106 Nov 30% 18 16% Feb preferred 58% May 17 16 Va 30 39 Va Jan $6 14% 18 3 Jan 10 Va May 19 500 19% 95 Nov Sep Apr 51 25% Aug 33% May 29 1,400 14% 166 30% May 19 2 4 V* 3 common $7 20 4 42VaMayl7 No par Boat Convertible preferred Elec & Mus Ind Amer shares 53 50 9% 40 cumulative 5% % x8% 9% 9% 9% 2,800 106 4 Co 53% — 50V4 15% 40 14 V* Dec preferred Elastic Stop Nut Co __ "9% *49 97 *96 6% Kodak 16 5 53 53% — __ *175 Eastman 1 Corp Steel 24 Va Feb 9% 7 33% 2.50 7 No par 44 60 30 47% not 88 25 Va Jan 31% feb 1 21% Sep 36% Feb 9% Feb 7 7% Deo Jlan 54% Feb F . For ,101 footnotes see 7% 38% 38 *18 7% 38 Mining & Smelting Co Federal-Mogul Corp 2 17% 17% 17 Va 17 Ve 12 *11% 11% 11% 11% 11% 11% 1,300 Federal Motor 22% 23% 22 Va 22% 21% 22 Va 22 22% 5,600 100% 100% 100% 101% Federated Dept Stores com—No par 4%% convertible preferred 100 101% 102 30% 12 22% .23% 101% *38 7% 12 23 Vt ./■ 11% 38% 7% 17 Vt 17 Vt 11% 17 11% *22% 17 Vt 38% 8 *53 . n«ee 26. 101 18% 101 100 100 1,300 290 Truck „_5 No par May 19 16 4% May 19 May 16 16% Dec 5 9% May 19 19 Apr 18 98Va Nov 25 42% Mar 7 23 V* July 35 Oct May 19% 14 10% Oct 28% July 23 21 Nov 12 104 8ep 14 Va Feb 107% Jun 8 21% Jun 34% Aug 108 Feb Volume 166 Number 4653 COMMERCIAL THE YORK NEW LOW AND HIGH Satnrday I Monday Tuesday Nov. 2.) .Dec. L SALE Dec. 2 per 1 share per I share FINANCIAL STOCK the Week f per share -1 per share NEW 21% 22 *21'/a 22 21% 21% *57 57% 58% 58% 57'/a 58 % 58 58% 58% 59 57 58% 50 50-% 50 51 49% 50 % 49 49% 48% 49 4,200 104 Va 104% 104 60% 62% 104% 105 *59% 61 16 % 33% *21 Va 16 Va 16 Va 34% 35 35 14 14 35% 100% 100 % 141/8 *34 22% 22 % 22% 31% 31% 31% 36 14 xl3% 11 '/a 10% 11 82 82 97% *95% 97% 97% 97% *96 26 26 27 27% 28 25% 25 % 25% 15% '39% 15 -> 15 % 14% 39% 40%' 39% 12%. 12% 20 %: 19% 20 79 *12% 77% 78 12% 19% *77% 9'/a 9 Va 8% 9Va 97% 26% 27% 24% 24% 14%' 14% 39% *12 8% 9 13 9 Vb 8% 8% 8% 19 Va 19 Va 19 19% *18% *14% 14% *14% 14 Va 14% 14% *14% 14% *14% 20% 20'/a 20% 6% 5% 31% 30% 22 22% 14% *100 52% 10 Va 15 *100 55% 10% 166 10 Va *160 10% 7% No par 10 Va 10 Va 163 163 53% 10 10% 164 158 10 Co (The) 1 20 common (Robert) com Inc Gar Wood 4%% 5,200 1 Co No par —No par Industries Inc 11% 11% 11% *11% 12% 12 Va *11% 11% 12 11% 12 12 12 Va 12 79 79 79 79 80 79 conv;preferred., 50 Gaylord Container common—1.66% General Americah Investors com 1 $4.50 preferred '53% 3*600 10% General 100 Amer Transportation General Baking $8 preferred No 1,700 158 110 39 Va 38% 38 % 39 39 24% 24 Va 24% 24 Va 24% 24% *143 147 *143 145% 144 35 34% 35% 35% 35 Va 35% *90 92 90 90 *89 Va *12 12 Va 12 % *12 Va 12% 48% *12 49 46% *126 127 *110 113% 57% *125% 126 108 % 113% 57% 57% 126 99% 47 Va 126 * 58% 126 99 Va 126 99% 14 % 14'A *14% 15% 19% 19% 19% 14% 14% 14 Va 2% 2% *2% 12 % 12 Va 12 22 22 7 21% *127'A 129 128 128 4% 4% 26 Va * 27'A *30 30%. *117 118% 14 14% lo % 14 *2% 12 12 % 22 22% 22 Va 129 *127% 4% 30 V4 *24% *99 22% 25% *52%. 6 1 HIGH 61 per 92 25 % *52% 92 43 18 % 91 *118 22 % 43% 43 103 10.3 19 18% 5% 5% 6 6 6 6 6 *6 *32 35 *33 35 *32% 35 *32 *19 19% 19% *19% 20 *25% 26 *98 25 3 26 % 4 25% 5% 19% 26% *26% 6 "4 22% 597 8 103 43 % 103 18'A 5% 612 6'/8 121% 22% 22 % 58% 5% 42% 103 59 'A 102 43 '/a 102% 18 Va 5% 18 5% 400 5% 2,600 30 ?2 4 5,500 10.% 41% 103 18 200 5,500 59 4 58 U 2 *8 *102 500 7,400 122 *120 20 3 6,800 24 % 5 6 17% 26 »/a 25% 25% 98% 98 98 *98 93% *98 99% 98 10% *10V8 10% *10 10% 32 31% 31% *30 31% *15 Va 16 '98% 25% *97 10% 5% *32 $5 Co 4%% Gofcbel Gold Stock Goodrich $5 Co 6 1,000 35 Grand Union 1.100 ' Granite 2,800 Grant 60 10% 9% 9% 2,500 29% 29% 200 3%% $2.25 *63% 68 x31% 32 31 31% 31 31% 3,300 le xl5 15 14% 14% 14% 14% 2,000 Greenfield 34,100 6 % 6% 11% 7 *91'A 12% 7 93 11% 45 *42 32 6% 93 *91'A 11% *92 12'A *43 11% 99 142 68 110 68 11 Va 11% 93 27% 28% 27% 27% 8% 7% 8Va 7% *94 11% *99 11% 100 8 150 3,300 19,000 95 94 94 93 11% 12% 185' July 18% Jan I f 10% 3 20 13 9 11% 11% 12 11 12 43 44 % 1,200 68 70 6,000 4,900 - 93 Va 45 43% 43% 42% 43% 43 43 70% 70% 70'A 70% 70% 70 V3 70% 70% 69% 14 14 14 14 Va 14 14 Va 70% 14 14'/a 14 14 14 14'/a 35% *35 cms 35% 35 50 8 7 156 3 33% Deo 52.- Feb Q 38% Oct 56% Feb 11,000 35 * 54% July 11 131 Vs Feb 25 *122 Feb 6 11 129 20 Mar 25 Nov 16 42 Jun 126 Deo 135% Jan 114 Sep 123 Jan 47% Oct , 54% Aug 80% 124% Nov 132 101% 103 .1 Deo Feb Feb Dec 18 Nov 29 Apr 40% Jan 24 21% Nov 2% Oct 6 Oct 23% May 19 31% Feb 8 14% 24% Nov 48 May Oct 150 Apr 125 May 19 Oct 3 3% May 17 18% May 19 26 May 27 101% Apr 19 27 140 Feb 26 « 4% Oct 11% Feb 20 % Oct 26% Jun 29 Jan 47 Jun 101 Oct 132 July 32 Nov 36% Jan 23 124% Jan 29 19% Apr 14 30 Feb 3 106 Apr Oct 21% May 27 Jan 6% Feb 1 101 7% 29% Oct 20 Dec 35% Jan 2 1 15 137 24% 105 40% Feb 11 32% 102% 86 49 % May Oct 46% Apr Oct 111 Feb Nov 60 Jun Sep 118 Jan Oct 104% Sep Year 1916 Highest $ per $ per share share 23% May 19 90 Dec 17 Va May 19 91 Dec 5 3 23% Dec 5 51% May 6 5% May 21 32 in*» t per share Mar 31 105% Jan 30 Lowest Feb Jan 20 Highest S per share 42% Apr 22% Jan 102% Deo 108 100 Oct 106 Apr 53 Deo 58 May May 7 6 26% Nov 19 58 17 Fet. i 124 Oct 29 116 5 83 Feb id 27 Nov 47% May Jun 6 71% Feb 11 59% Nov 88 %. Apr 49 5 12 5 7 Sep 13 106 com pfd 1007/a Sep 50% Nov 105% Sep 13% May 13 24 Jan 10 19% Nov 43 Feb 8% Oct 24 5% Oct 16 Jan 12% Jan 3 May 19 5% Dec Jun 5 25 % Dec 2 61% Feb 6% Mar 27 Jan 1 21 % Oct 23 41 5 83 98 Nov 1 107 1 9 May 2 29% Dec 5 No par No par No par 13 Apr 18 34% May 21 21% Dec 3 100 141% Oct 31 100 59 May 12 1 29% Oct 7 Corp__No par Greyhound Corp (The)— 14% Dec 5 Die 'a No par preferred 9 10 28 Nov 5 101 Nov Jun Feb 12% Deo 13% Dec 18 33% Deo 35 Dec Sep 30 13% Dec 21 3 40% 22% Oct 64 Jun Nov 34% Jan 188% Apr 17 49% Feb 27% Mar 5 Feb 163% Jan 27 158 Oct Feb 5 55 Oct 79 Feb 20% Deo 20% Dec nr> 35% Aug 22 21 Va Mar 5 11% Nov 21 27 102% Oct 14 23 % Deo 52% «% Jan 10 6% Oct 13% Dec 14% Feb 4 94 No par 31% May 21 49 57% Anr 14 74% Nov 8 16 Va Sep 80 Nov 111 Apr Apr Jan 12 25 Co 40% 112 10 No par preferred—a 54% May 27% Feb 32% Oct Dec Jan 14% Feb 37% Feb 78 May 17 6% May 19 No par Gulf Mobile & Ohio RR—. Apr! 105% Feb 17 1 Mar Mar 77 1 99 1 common July 29 Jan 5% Oct 30% Mar 12% Oct 107 113% May 27 4% May 14 100 Corp Jan 4 pfd RR Jan 21 Prop Co InC—— 8% 151% Aug 9 com & Western Nov Nov 109 No par Preferred July 23 5% 25 41 % Jun 6% $5 Apr 8 26 100 Gulf Oil Corp Gulf States Utilities Apr b Ore conv -40% 182 . Oct Feb Sugar $5 Apr Jan 13 80% Aug 47% Aug 20% Dec 1 common Sugar preferred Apr 16% 104% Jun No par com Guantanamo 28% Sep 4Va Feb 31 Aircraft Nov 8% 16% Jan 5 Northern Common 71%. Apr 14% Apr Apr 200 Deo' 2% May 16 11% Dec 5 Nothern Iron 4Y4% Sep *170 1 85% Feb 3 Gt Grumman 21% July 109 *,"• Dec . 103 Aug 21 16% Mar 3 12% May 19 Tap & : - 46% Jan Gt Bay ' 39"% Feb No par Ry Jan 67% May 24 r May 74% Deo x35% Sep 27% Oct 160 No par Great Western Green 99 29% 7% 95 7,500 142 *63% x29% 7% 11% 11% 99 Sep Jan May 100 No par conv Green (H L) 143 1 F) Co cum 32 Va¬ 99% Deo 48 17 10 Co Inc preferred 68 142 50 Grayson-Robinson Stores 146 11% 104 17 47% Feb 33 Feb Steel (W T) 144% 31% Deo 14% Feb 11 Co City *63 Va *63% 5 new—No par Telegraph (B No par No par com Graham-Paige Motors Granby Consol M S 6c P 7,800 99 % 13% 9 • Nov 20 : Defr - Range Since January 1 No par common Hosiery 11,500 11% IB' Oct Jan 83% July 16 51% Jan Gotham 15 31% 38 58% Oct 18% Feb 124% Nov 13% Dec Deo 16 May 19 Dec 1 Dec 1 May 19 May 19 102 % Nov 33 14% com preferred 21% 99 7% b Range for Previous Brewing Co & 14% 11% 28% Lowest preferred Goodall-Sanford 21% 31% 5 STOCK Razor (The) conv 35 Va 93 com—No par com $4.50 preferred Glidden 15 11% ,.20 100 Brothers 36% 31 No par preferred conv Gimbel 21 '/a 100 pfd YORK Gillette Safety 35 Va 11% 10c Par 21% 31 5 EXCHANGE 15 Va *99 Sep 109 Dec 5 11% Jun 16. 100'A Nov 31% *30 NEW 21% *15% 17 5 37% 15'A 26 Feb 15 15 Apr NOV 98 36% 15 Jan 14% Nov 25 21% 15 No par 100 Corp Co 11% 21 81 15% 146 1 1 Corp Oct Sep 43% Feb 4 23 Nov 21 Nov 25 Nov 16%,May Sep 7 July 18% 9 % Feb 48 Apr 17 9% Oct 16 32 35% 90 11 43 27% May Jun xl7V4 Feb 3 21% Nov 19 12% May 24 14% May 17 4% July 22 26% Aug 4 14V4May21 10% May 19 100 10% 23 Jan * uun 100 22 *144 10% Oct 2i preferred 37% 31% 17% Feb 17 22 15 68 5 5% May 17 12 18%Jun Jan 21% 32' 112 106 37 V8 144 Va 48 Sep 26 37 Va 32 Nov M Nov 22 Va *63% Nov 28% ■ 93 36% *142 IS 2 102% Mar 10 100 22 31 Va 18 Jan 3 preferred 22% 68 Corp Rubber 36% 143 Jan 4 19% Jan 10c $6 Instr & 36% 31 % Corp preferred 22 Va *62 Va 22 39 18% Dec 77% Dec No par 24,200 19 *31'A Jan 800 5 % 19% *10% 61 Goodyear Tire & Rub com—No par $5 conv preferred No par 9,400 18 34 10% Sep 900 43 ~6 mo 0, u 102 Va *19 32 Co Shares 54 *32 27 40% 13% May 20 18 % Oct 20 Corp Cast Time 4%% 3%% 92 V8 23 Va *52 19% 99% *140 Equip Telephone Tire Sales for 45 *31% 15 % 5% 121 Va 122 *10 15 Steel the Week *90 24% 53 %' 23'A Gen 4%% S per share 93 Va *90 24% 5% 10% f per chare 53 Va Cement Refractories General Gen Dec. 5 24% 6 10 No par common Utilities General Shoe Gen Friday i 53 V2 5% *5% Dec. *51% * Jan 50% Feb STOCKS Thursday 91 Feb 35% 107% Sep No par 83 x24% 5% 5'a *79 28 Sep 3 General 700 21% 59 Va 102% 83 49% Sep 20% 99 No par 94 *79 Nov 25% 8 No par Railway Signal com 6% preferred 1 Gen Realty & Utilities 6,700 90 *102 % * 24 % 2- '/a *89 25% 122 1,300 101% Va 20% 60 % 19 a 94 54 6 44 2 90 102% 103 *99 2.4 *8 22 102 Va 43 24 % 25% 101 Va Va 220 28% 93 101% 103 28% 21 % 59 % *18% 25% 900 117 93 23 19% 28 % 28 % 30 29% 117 II,700 1,900 22 % 58% 43% 30% 118 20 4% 26 25% 95 22% 23 % 104 30 129 4% , 28% 4 43 % *127'A 4% 26 % 28 Vb 58 % *18% 129 28 3 4 22 3 *102% 127 'A _No par Service Public PRICES *92 10- com Gen 28% 58% 4 1,100 28 3 4 22 3 8 1013 21% 281A 58 103 21 share 22% *101% 22 per 1 22% *118 122 Public Gen *89 Wednesday share 6 a Precision Gen 22 83 8ALE 95 a Gen 3,100 *99 *79 28% 22 3 8,100 23-,4 94 1 series- Portland 37,000 Dec. 3 95 Va 54 122 122 *118 AND 25% General 2% 101% *89 83 28'Va 25% 6 % 4 1 92 % 25 % 54% <;3 I)cc. 2 22% *92 25 % 25% 5,700 12'/a 4% iiya IB 2 Outdoor Adv. 2% 117 28 % 22% Tuesday 1 96 22% 93% 30 % 117 *99 23 *79 28% *95 25% 101 Va 22% *8 1 28% *52% *6 30 % 28 Monday 22% *92 30'A Gen 11% X26 13 10 $3.75» July 24 25% Jan 24 No par Apr 12% May 20 36% May 19 11% Nov 21 144 No par Fen loo" 26% Jan Dec 6orp Motors *21% * 110 Sep 29% Feb 100 preferred—2— 2% 12 7 108% Dec 12% 2% 3 129 500 Nov 125% Nov 20 Preferred 15 96 71 19% May 17 23% May 23 100 $5 Jun 7 100 General 29 94% Jan No par I,100 20% 69% May 17 common 2,700 Jun 21% 5% preferred— I 3%% conv preferred 99% 14% 14 Va 2% 12% Mills 20% Aug 28 Sep Oct 23% May No par Corp 16% Oct Jun Instrument 126% 14-8 14% $3.50 Apr tf Jan 8 com 67 12% Sep Corp preferred Oct 11V4 37 Foods 99% 18% 12l/8 General Jan 33% u 50 No par Jun 110 i 24 May 19 Apr 28 com Sep 14 8 7! Co 105 17% Jan 158 5 28% July 46% 15% Feb No par 100 Electric 126% 19 Va 27 Va share 28,500 General 99% 99% *14% 4% per 57 Vs 56 500 100 15% 28 1 57% 126 47 Va 126 112% 19% 28 ,Dcc. 126 *108% 15'A 26% 83% 126 . 19 Va 4% 94 57% 58'A 99% *46% 126 112'/a 15 Va 28' *79 97 22 % General 47% s 126 *108'A 126 % 99% 116 Nov. 2.) *95 57% 126 lib Saturday • 1,400 47 47'A 126 116 *90 29 General 19% LOW 8 800 27% 25 % 287 12 4% 101 % share 12 19% 30 % 22 % 83 12 108% 27 94 12 27% *24 400 12 Va 47'A 117 22 % 90 Va 35% 5 par 70% May Oct 33% Oct 1 General Cigar Co Inc 7% preferred— 90'/a 4% 30 % 35% 27,600 10,900 35% 33% 5 NOV NOV - 13 'preferred 2nd conv 91 126 58'A 20 34% 4% 91 108 % 99% 1,600 145% , 91% 12 126 *143 34% Corp— General Cable Corp com 4% 1st preferred 35% 27% 4 *99 per 35% 144 General Bronze 34% 35% *14% *127 % 26% t 144 34% 22 101 Va *79 145 % 2% *25 *91 24 15% Va *99 22'a 24 116 27 *26% 24 Va 19% 14%- 4% 26 3 24 14 V2 22 a W241/4 19% 3 12 Va 38 *90 »/a 47 % 57% 19% *36 112 Va 99% * 38% 126 125 Va 100 400 38 34% 36 47 % 126 *108'A 350 39% *143 35'A 35 % 500 4,500 79 24% 91% 34% 11% 11% 79 *38% 144 34% 35% 11% 11% 79% 11% 79 *38% 12 12 *79 *11% 12 *77% 1 com 52 8'/a Dec 100 — (The) Gardner-Denver Co 4,500 15 Va Co preferred Gamewell 100 53% 10 Va *158 20% 14% 100 Va No par — preferred-.!. 6% 700 20% * Co Sulphur Gair Co 4,300 29% Sugar cum Gabriel 800 6 Va 29% 15 53% 20% 5% 101 54% 500 20 Va 4% 400 14'A _100 105% 3 34% Mar Sep May 17 9 Froedtert Grain 6c Malting Co Inc_l Fruehauf Trailer Co common 1 1,300 10,300 14% 21 14% *100% 8% 8% pfd— conv Freeport Francisco 440 19% cum 19% 41% Jan May 29 14Va Jan 1 ___ ll7/a 18 10 llO'A Feb 2b 3 30 May 19 13'/a Dec 5 Corp common 10 prior preferred— —25 6% 13,900 8% 30 20% 15 Va 101 53% 166 30 21 Va 21 15 102 54% * 30 30 21'A 15 *100'/a 54 *160 30% 21'A 14% 102 52 Va 10% 166 30% 21% 14% *100 52% 10 Va *160 X21% 14% 102 31 Corp Steel 100'A Dec No par Foster-Wheeler 500 19% 8% 20% 6 Va 13 78 Va *18%. '14% 3 %% 2,000 19 19% 6 14% 40 78 Va 8% 19% *31 No par Power Fohaiiaoee 4,200 ,120 1,600 *12 „ 8% x8% 24% 39% - *19 6% preferred Florsheim Shoe class A 290 27 14 40 19 3'4 8% 97% 24% 19 % 21 25% Florida 8,tuJ 26 ' 14% *39% 12 12 *96 97% 79 6 % 16 15 10 18% *20 % 2s 39'/a Oct lo 78% 6% 21% Jan Corp Inc.— 19% 21 Va 14% May 27 24 May 19 Fair Stores 79 6 Va Jan Machinery Corp— 19% 21% 109 Va Food 77% 6% Dec Food 20 Va 20% 7 __No par 107V2 Aug 62'/2 Dec 5 104 100 Stores 1,100 77% 6'/a Apr Sep 16 51VaMay2o prelerred National 2,200 19% 20% 83% 10% 25% 9 Nov 81% 27% 9 51 10% 77% 8% Feb 21 80 *19 9 70 Feb 10% 14% ' , Oct 61 81% 97% 39 % 12% 49 42% Jun 10% 27% ■39% * 2b 25 com 81% *24% .15 12'/a. ■ 9 Va 8% . 26% Jan $4 400 31 < per share 59 V* Feb Florence Stove Co 5,900 22% 30 Highest < per share 26% Feb 10% *81% 97% *22 per share 46% May 27 5 Y 83 10% 81% 15% 13% 221/4 11 39% 13 Va 31 *80 26% 13% 22 U .*25% 13% 30% 80% 25%" 200 22% 11 v 200 34 Va 31% 80% *25% 100% *33 Va -A. $ (The) Carpet Co No par Flintkote Co (The) common—No par 1,200 341/a S per share Lowest 20 Va May 17 20% May 20 4%% 6,800 30% Co Firth 16 34% 22% Mfg Corp Enamel First 16 22% Tarrant Year 1846 Highest 1 bill) 33% %8 Lowest Fidelity Phen Fire Ins N Firestone Tire & Rubber 3,100 16 Va 100% Range Since January 1 10 Ferro 104 34% 31% 31 61 *33% ♦ & 62 *105% 62% 700 16 Va 13% *22 Va 104-a *:,8 100% *34 21 '/a 21 22 Felt 1,300 34% 34% 35 13% 22% 31% • 22 Va 22 22% 62% 16 '/a 34% 100 Va 36 Va 14 21 Va 61% *16 34% 102 *100% 22% 105 61% 16% 16% 34% 22% x21% 22% *104% 61 60 102 *35 104% *104% 16% 33% 100% *21 Va 22 Va Range for Previous STOCK Par 2,0u0 50 50 22 YORK EXCHANGE Shares 21% No par 14 Nov 24 25 108 Jan 1 9% Sep 30 Vt July 22 31% 56% Oct 78% Sep 78 35 Nov 40% May 15 Oct 17% Oct Jan Jan May H *34 35% 35% *35 35% *15% 15% 15% 15% 15% 15% xl5% 15% *14% 15 13% 13% 13% 14'A 13% 13 13% 13% 13% *13 % 13% 13% 95 *34 95 *106 106% 26'A *150 96 26'A 154 *7% 26% 7% 82 *7% *95 10o% 26% *150 30 30 *78 96 *106 154 30 106 Va 26% *150 30 *7% 30% 7% *78 97% *106 82 *7% *79 *95 106% 27% 30% , 30% *7 106 106 *105 106 80 31 7% 81 7% 7% 7% 7% 26 Va . 26 % 28% 2«% ?<•% 26% *2G5/„ 26 25% 25% 25% 26 Va *25% 26% 93 *91 93 : *91 93 *39 39% *102% 103 For footnotes 93 39% 102% see *7 154 30 7% *79 81 25% *150 29% 7 Va *79 25% 3,400 154 1,300 Hart, 100 7 7% 7% 7 2,166 7% 7 '1 v4 6% 7 Va b, <UJ 9nx/\ 9" 26. 101 40% 40% 101% *100% 40% 102 25% ■j r»o 25% 25% 25% 93 90 91 50 40% 41 41 41 2,700 *100% 102 *91 *102% 101 % (M 1,700 70 A) h« es Hecht Co 3%% Heinz 3.65% Nov 29 100 148% Oct 30 160 10 28% May 19 — Marx 1 6% May 19 100 83 1 6 2 Co common Co Jan 11 Feb 4 Jan 22 Feb 4 com—No par Inc Glass cum 95 89 19% 19 112 108% Sep 12 27% Dec 2 Corp.- J) 2 104 Apr 15 19% Apr 17 preferred (H 30 Dec Refrac Industries Hazel-Atlas 16 Jun 13 pfd—No par preferred 'MTg Apr 14 No par 100 Corp of Amer class A Hayes 33 5 com Co $4.25 preferred— Schaffner & 4%<ft 6% r» *■ Hat Co preferred Harbison-Walk 7'/a 7'A Watch Conv Hanna 29% 81 7% 9" 4% 6% 7% V8 (W F) Hamilton 20 7% 40% 102% 29% 26 % 7% *91 40 page 26% *150 7% 7% *91 Printing Co 106% 25% , Hall luO 8 8 600 3,500 97 150 *79 14% 13% *95 27 8 Water 97 27 81 Hackensack 97 150 154 inn 97% 19 RECORD Sales for Dec. 5 Dec. 4 1 per share (2323) STOCKS Friday Thursday Dec. 3 ■"20% 22 CHRONICLE PRICES Wednesday share per & common preferred 5 Nov 10 May 19 4% May 19 25% May 16 May 21 15 22 100 90 Dec ,,c> 35 May 16 ._100 101 Dec 5 2 Jan 27 24 Aug 26% Jan 103 Oct 119 Apr 105% Jan 109% Apr 20 y8 Sep 34% May 170 Aug 151% Nov 60% May 39% Jan 10% Feb 6 3 33 8 Oct 16% 100% Apr 7 99 Sep 106% 12 Feb R 9% Oct 24 35% Jan 8 30% Jan 2 8 103% Apr 14 42% Feb 13 108 July 14 5% 29% 28 Va 101 Nov Jan 20% Apr Nov 15% Jan Oct 36 Dec 51 May Nov Nov 41% Dec 103 Jan Nov Dec 109% Mar 44 105 V4 Dec Dec ! 20 THE (2324) COMMERCIAL NEW LOW HIGH AND Saturday Monday Tuesday Nov. 29 ,I)cc. 1 Dec. 2 50% 50% 144% 142 *142 18% *53% 128 Va 54% 53% 54 % 54% 130 32 31 120 118% *26% 27% 11% 54% 31 119 % 28 119 % 27% 118% *26 Va 18 129 Va *127 *31% 32% 119 144% *17% 18% *128% 130 *31 51 % *142 144% *17% share 27% 8 per *50 $ per share share 50 *140% 144% 17% 17% *140 127 120 30% 119 28 *119 25% NEW 1 50% Par 1,300 Helme 17 1,200 54 3,200 128 Va 800 120 $4 1.70J 11% 12 12 12 Va 3.800 Hilton 29% 30 *29 30 Va 1,900 Hinue 26 26% *25% 26% 200 24 24 *23 23% 4,200 17 *15% 16% 100 12% 33 *25% 27% *25% 27% *25% 27% *25% 26 % 24% 24% *24% 24% 24% 25 Va x24 24 17% *15 Va 17 *15 Va (C Co Holland E) :5 -10 .1 Hollander & 20 20 20 19% 19% 19% 19% *19 19% 900 41% 41 41% 40% 41% X40% 40 Va 40 40% 4,300 Homestake 30 30 30 Va 30% 30 30 % *30 30 % 30% 30 Va 1.3UJ 17% 17% 17% 17% 17% 18 VB 16% 16% 3,200 Houaaille-Hershey 47% 31% 31% *92 *47 48 31% 31% *92 95% *47 48 30% *92 47 47% 47 47% *45 32 Va 32% 32% 32% 32 34 32 95 *92 *90 47 600 32% 2,300 94 $2.2.5 3%% 95 *92 95 39 39% 39% 36% 38% 38 38 % *38 39 38% 38% 1,700 Houston 24% 24% 24% 24% 25% 25% 26 % 25% 26 Vb 24% 25% 16,900 Houston *22 Va 23 22% 22% *22% 22% 22% 22% 22% 22% 22 2 2 3% 600 Howard Stores *36 36% 36 36 36 35 35 34 Va 34% 34% 34 Va 800 Howe 4 41/4 3,200 9% 9% 500 4% 4% *10% 95% 4% 4% 4% 11 35 % 35% 11 11 4% *10% 11 4% 4% 4 Va 9% 10 % *9% 11 4 % 1 T Hudson 35% 35 35% 35 ',4 35% 34% 35% 34 % 34 % 33 33% 19 19 19 % 19 19% 18% 18% 18% 18% 18% 19 18% 18% 18% 18% 18% 18% 18% 19 18% 18% 18 183/a 2,300 Hunt Foods 4% 4% 4% 4% 4 % 4% 4 % 4% 4% 4 4 Va 5,200 Hupp 30V'4 3OV4 30% 30% 30% 31 30% 30% 30% 24% 25V4 24% 29 Va Jan 4 13% July 3 Jun 11 33 Dec 2 22% Apr 17 X29 Va Nov 12 21 7/b Sep 41 Va Hil ^ 22% Oct 37 Va 20 Va Oct 20 18 Dec 40 22 26 Oct 39 Va May <43 Nov May Apr 25 Jan 25 22 Sep 34% May Jun 13 34% Sep 56' 30% Nov 26 .No par 13 V4 May 19 19 va Feb 1 12"% OCt 28% reo 46% Apr 28 V4 Jan 15 56 Feb 21 46 Nov 52'/a Apr 11 36 Oct 6 27 Sep 35 V2 oun 111 Va Jun J JJ Jun winy Jan ' 95% Nov 22 105 Va Sen 3 99% Deo .No par 37 Va May 21 45 Va Jun 30 25 163/4 Jan 16 26 Va Dec 3 14 Va Oct 30 Apr 1 t v 20 '/a May 19 29 5 241/2 Oct 47 July 5 31% May 19 38% Mar 28 30% Oct 60% c_ 100 3 100 common 73% May 16 Min & Sm Ltd- .No par Motor 5 23 26 48 Idaho Power Co Hudson Bay Hudson Sep 10% Jun 23 Corp 4 2,700 11,000 Jan 28 preferred 19 146% Nov _______ Manhattan & Nov May 19 Corp_ Co non-cum Apr 123 100 Texas of 139 17 preferredOil 5 Apr Jan 30 .No par com "Light & Power—— Sound 5% com Finance 39 Sep Sep 130 " 35 Va Jan 5 'preferred— 24% 134 46Va Mar 21 May 2b Mining Household 29 Oct 5 72 'A 25 Sep 14 >/4 Hooker Electrochemical Co„. 47% Sep 127 Feb Jan 50 19% 41% ' 38 Jan Aug 38% 213/4 May 20 __ 41% 17 134 90 192 5 Corp (A) 20% 16% 63 3 3 Oct Dec 17% Nov 5 — 30 17% 9 Dec 30 Va Dec 61 169 % —12.60 Sons Holly 50 V4 May 17 Highest $ per share .No par (Del) 41% xl7% 8 20 The Furnace Sugar 22 118 Paper Co— 30 20% 29 Jan 22 V» Feb --5 Corp— & Dauch Hires Jan 165, 14 Va No par - Inc Hotels b)> 21 100 Hewitt-Robins 12 % 31% 12 32 % 26 com- No par _ f per share 143 V4 Nov common— _No par preierred conv 8 per share share 49 % Nov .No par preferred i>Vo 350 27 preierred- Hershey Chocolate new $ per Lowest 1U0 common— non-cum Hercules Powder 10 31 Va W) (G 7 'lo Highest 25 Hercules. Motdrs 144 3/4 Year 1946 Lowest Shares 12 Va 12% 31 % Range lor Previous Range Since January 1 STOCK YORK EXCHANGE x31 % 12 17% 52 Va *126 31 119 31% *16 16% 54% 128'/a *27 27% *141 17 % *30% 120 27 Va 50% 144 % x54% *126 31 the Week t per share 51 17% 54 Va 54% 30% 31 Va 17 RECORD Sales for Dec. 5 Dec. 4 51 127 Friday Thursday 11% 17 STOCK Monday, December 8, 1947 STOCKS Wednesday *31 *16 YORK FINANCIAL, CHRONICLE PRICES SALE Dec. 3 51 51 51 *17% f per $ per share t per share & Car 33 May 19 May 14 No par 12% May 19 6.66% 15 V4 May 23 1 __ 33/4 May 20 Inc Feb 7% Feb 13a/4 Mar 28 5 Feb Oct 12% Jan Dec 25 Jan 3 llVa 43 V4 Feb 3 33 Sep 21% Oct 15 141/2 Oct 34'/2 Mar 2 25i/a Oct 491/2 Jun B 5V« Sep 10% Jun 39 Va Aug 1 31% 7 30 Jan 7% Feb 45'/2 May 1 31 30% 31 VA 2,000 17,100 25% 25 3a 26 % 25% 26 25 3/8 25% 24 % 25% *58 60 *58 60 59 '/4 591/4 58 58 58 58% 56 57 *96 % 98 *96% 98 *96 % 98 *96% 98 *21 Va 221/4 *21 % 22 % *22 22 3/4 9% 934 9% 934 21% 21 Va 21% 21% *13% 14% 45 Va *14 45% 132 *170 38% 3834 17% 17% 7',4 *102% 45 103 103 3% *224% 87% 172% 172% 6% 3% 26 3 3 58 3% 27 Va 13534 98% 56 *96 12 *11'/4 53 % *42 6% 38 4,700 15% 634 Inland Inspiration 400 46 2,800 460 3% 2,000 14% 9,300 Interlake a 226 227% 224% 224% 600 Int'l Business 88 88 38 86% 87% 8,400 Int'l Harvester 172 % 172 Va 172 Va 540 6% 6% 41/2 % Int'l 2,000 Int'l 85 *80 82% 81 81 100 3% 3% 3% *135 56% 53 % 54'2 96 *93 11 % 135 136 51% 53% 94% 94 % *11 % 11% 110 26 26% 53 *108 3% 3% 25% 26% 135% 94% 12 11% 108 Va 108% 52 Va 108 3'/a 3,500 26 V'4 35,400 136 390 53% 13,700 94 Va 300 11% 1,000 108 420 No par 20 1 Machine No par No par common 100 Mining Corp 1 Nickel of Canada com__No par - 100 International Paper Co 15 com preferred No par Int'l Rys of Cent Amer com .-No par preferred 100 53 % *52 Va 52 % 51; 51 300 International 42 42% 42% 43 *44 44% 44% 45 1,200 International Shoe 57% 53 V2 57 57 *55% 56 % 54% 55% 1,100 International Silver 36% 36 Vg 36 % *35 36% *35 36 % 36% 100 11% 11% 30,500 12 »/4 12% 12% 12% 11% 11% 11% 11 Va 1,700 Foreign 21 21 20% 20% 20 20'% 20% 20 VA 900 Interstate 25% 25% 2434 25% *2434 25% 300 Island 26 65 65 64 64 63 63 *145 149 *145 149 144 146 LOW Monday Dec. 1 hare 9% 9% 20% S 20% *88 Dec. 2 share S per 9% 9% 21% *20% 88 Va 87 *41 42 % 99% 41% *97 99% *97 41% 42 41% *114% 116 Va 28 41% *113 28 Va 102 102 *140 __ 33 Va 116% 28 * 28 % 100 Va *140 33% 41% 115 61% 147 share 9% 61 *58 61 400 149 *146 149 30 f per Dec. share 9 % 9% *9 V'4 20 Va 20% *20 % 87 87 41 % 41% 99 Va 97 97 *95 43 41 42 40 111% 28 28 % 103 *100% __ 33 % 34 x33% 33% *89 91 90% 90 % *89 *37 VB 37 % 37% 37 % 37 Va 16% *16% 17 16% 16% 98 99% *99 99% 99 99 211/4 21% 21 % 22 48 48 48% 48% *48 Va 17Va 17 Va 17% 17 Va 16% 17 241/4 24 % 23% 23% 23 % *171/2 18 Va 18% 18% Creek 113 110% 28 % 103 *140 Sep Oct July 29 168 Va Mar Oct 21 33 % 17% Nov 26 13 Va Feb 8 7 Vb Sep 11% May 35'/4 Nov 59 May Aug 112 May Apr 19 6%- Sep 30 35'% May 17 101 % Nov 42 8 Va 50 19 108 May 19 7 192 Va Apr Jan 9 Mar 21 28% *100 the Week t per share 9% 9% 21 20 87 *86 41% 41% *95 98 40 Va 39 109 % 110% Oct 20 Va 95 163 % Nov Nov 9% 3,700 July 14 45 Jun 81 96 29 90V4 Dec 101 Aug Dec 3% Djc 5 5 Jan 12 5% Feb 8 25% Dec 4 36% Feb 8 130 % July 9 136'% Apr 2 38% May 19 59% Oct 22 95% Oct lb Feu 18 11 Va Nov Feb 20 101 Va Sep Dec 4 107'/a Sep 12 58% Feb 45 5 5 32 Jun 40 Feb 7 26 9'% May 17 9% May 17 Apr 14 20 May 17 38 Va May 20 143% Jan 2 STOCK 900 IIOV'4 29 3,800 20 150 3%% Joliet 33 33 % 32 % 32% 31% 91 89 89 88 88 88 88 38 37% 37% 37 37 36% 367/a 1,300 *16% 17 16% 16% 15% 15% 600 *96 97% 97% 20 4,800 32 Va 12,800 700 pfd__100 common No par com July Sep 70Va July 36 Oct 49% Jan Nov 60 Vb Aug 37 Dec 42 Vb Aug 52% 31% Feb 11 14% Nov 11 14% Nov 31% Feb 11 23% Dec 50 Apr 26 % Aug 19 20 Va Dec 34% July 69% Nov 25 158 Aug 1 39% 141 Dec 50 Aug Deo 163 Jun Year 1946 Highest S per share $ per share 6V2 Jun lo 39% May 20 13 % Feb 24 V2 53 Jan Dec 3 104 V2 Sep 37 Jun 2 46 Va Oct 12 V2 100 109 % Dec 5 24% Sep 29 Lowest i per share 14 125'/a Oct 4 2 preference series A par 100 Joy Manufacturing Co 1 100 24% Deo 45% Dec 108 Jan Nov July 59 Va May 2 16 112 Jan 27 % May" 1^ 39 Feb 88 Dec 4 101% Feb 25 Va Jan 3 40% Oct Nov 153 111 Sep 109 May 115% Feb 140 16 Mar 150 Feb Apr 34 Va July 28 28 102 11 Chicago RR stamped10o Laughlin Steel coin—No 8% Highest $ per share July 28 104 V2 Feb 97 common & Aug 26 % May 125 17% Feb —100 100 Johnson & 113 Feb Dec 17% Feb No par preferred Corp 2nd preferred series A Jones & 5% Inc 55 Va 26% Feb Lowest preferred Johnson 4% Co Feb Feb 39% Range Since January 1 1 cumulative 11% 148 Range for Previous Co Manville Sep 116 9 5 Tea 38% Anr 42% Oct Oct Aug May 19 94 % 3 3%% 4'/4 28 Va 133 104 % May 16 Dec Johns Apr 15% Sep Dec Jewel 202 Oct 20 10 Dec 27 86 1,300 175% 11 Jersey Cent Pwr & Lt 4% 7,600 Jun 22 Jaeger Machine Co common-N'o par 98 102 34% Oct 110 41 Va Nov 10% Fpb 400 40 Va 66 Va 186% Jun 86 Va *140 *140 I) Jun 13 28 Par (F Feb 250 195 May 19 6 Dec EXCHANGE Jacobs Feb Jan 6% 20 22% May 1« 20 102 28% YORK Feb 10 Va 13 19 Shares *100 28 % 102 NEW 22% Sep 15 Va July 24 63% Oct 1 Jun 13 % Feb May 19 1 44% Dec Jan 2 common Jun Aug 5% 246 No par Coal 105 Sep 151 Va 190 11 29 23 preferred 6ales for Dec. 5 1 t per share 86 41% Friday Thursday 21 % 115% $6 Jun 36 116 18 40 % par Jan 21 46% Apr par 54 Jan May 21 No par Stores 22% 180 Va Feb 37'% Jan Telep & Teleg—Nb ctfs No 36 Sep 13b Va Oct 25 Dept Sep 11% x48 V4 Nov 25 share 23 May 27 12 Vb May 19 70 25 July 17 STOCKS Wednesday 27% *140 __ *58 International PRICES *100% 103 26 *146 88 Va 41% 11 %8 11% *24% 61% 147 SALE 11% Dec 9% 20 Va 42 *97 HIGH Tuesday 1 8 8'/a * 89 Va 42 per AND 11% 107 No par Intertype Corp *25V4 123/8 X35 Va May 20 No par - common preferred 12% 25 '/a Nov. 29 7% 21% 12% Saturday 12 *35 Salt 12% *24% 1 per 54% 103 .... Preferred 5% 17 9',% Mav 19 Iron preferred $4 3u Va Jan 14 33 Inc International Int'l 29 174 Hydro-Electric Sys class A__25 Mining & Chem common. 5 4% 21% Nov 12% Jan par A Preferred 4,400 30 135 3.4 S 3 53 '/a 12% 16'/a 100 58% *21 Oct No par 53 I2V4 6% preferred 42 12% 10% July 17 Rubber Intercontinental 14 VB 58% 21 1/4 Jan 7% May 19 No par 42 11% 37% com *51 211/4 Oct Copper 58% *121/4 14 Va No par 102 V* 3% 63/a *35 25% July 24 No par Consol 13% 172 % Mex, Co 3% 102% 3% 29 % 26 Steel 43 3534 16 1 58 % *35 Jan 100 Ctfs 6% 11 % Apr 15 5 common Corp 30 % 110 99 Va Co De Interchemica] *30 *80 RR Insuranshares 6% 96 11% 110 Sep preferred 4,400 31% 3% 87 Rayon Ingersoll-Rand 6% 26% Aug 22 1000 ctfs series A Electrica Industrial 30% 85 97 4% 14 135% 96 12 110 Industria 6% 3% 26% *135 54% 98 110 *51 Va 2231 102 % 800 174 RR stock 31% 6% 31 *79% 2634 55 % *101 3% 14% 172% *134% 111 V4 103 % 3% 13% 172% 85 130% 634 44 Va 172% 27% *11 Va 7 46 172 % 4 15% 16 % x6% 45% 88% 6 34 37 % 38% 7 88% 1351/4 *110 xl5% 130% *167 46 88 % 31i *78 a *6% 87'/a 6% 3% 17% 17% 102 3 Va 14 174 38 % 172% 1721/4 311/4 55 7 7 45 4 131 39% 38% 228 Va 4 55 V4 17% 45 3 131 *167 227 % *134% *97 1,100 *45 45% 131% 174 871/4 87 85 45 45 131% *170 2271/a 227 6% *79% 500 3% 13% 31% *31 4,300 14 103 3% 14% 227 86% 22 *14% 46 3'/4 229 21% 14 % 46 13% 14 22% 14% *45 21 Indianapolis Power & Light—No 22 % 14% 103 . Jan Illinois Terminal 22% 39% 93 2,700 14'% *6% 634 45 103a4 3 Va 13% 17% 17% 6% 45 39% 39 Va Jan 100 9 % 22 % 46 % Jan 85 9% 14 "a 132'/4 45% 200 9% 174 Oct Oct 21 Va 9% *131 Va Apr 18 Va 41 21 Va 9% *170 44 Va Feb Oct' 23 22 % 9% 174 Sep 30 *21% . May ly 63 Va 22 22 lines May 19 18 Vb 37'% May 21 98 Leased 30 100 -100 common preferred series A *96% 9% 1321/4 39 17% *6 Va *44 *4534 45 131 174 6% 93 *961/2 22% 22 *14% 14% 45 132 *170 9 % 20 Illinois Central RR Co 1,100 31% Nov 99 Sep 108 May 18 Va Oct 34 Apr 17% Oct 36 May 53% Feb K * Kalamazoo Stove & Furniture 10 14 preferred 100 Kansas City Southern com___No par 99 Nov 16 May 17 Kansas 45% *18 22 45% 46% 44 44 231/a 21% 22 Va 21% 22 21% 22Vi 49 V2 *48% 49 Va 48 Va 48% 47% 48 16% 16% 16 V2 161/2 16% 16% 23% *23% 24 % *23V2 24Va 18% 18'A 18 Va 46'% 46% 44% 46% 44% 45% 441/a 45% 44 V'4 43 43 421/4 43 42 42 23% 23% 23% 23% *102% 104% 104% 1G4% *131/4 14 Va *131/4 *74 75% *74 *32% 33 33 33% 33 33% 331/4 33% *96 97 96 96 97 97 96 Va 96 Va *37 37 Va 37 Va 37% *50 51 48 '/a 5 48% 5 24 Va 24% 104% 105% 37% 37 371/4 51 49% 50 48 V* 46% 46% 5% 5 5 9% 9 "2 10 10 24% 25 25 25 V4 *11 11% 11 11 11 11% *51 54 *51 54 *51 511% *42 % 42% *26 26% *95 97 42% 9% 42% 26 26 *25% 26 97 *95 97 10 io 36% 36% 36% 5 % 5 Va 5 Va 10'4 9% 10 Va 36 % 37'/4 36% 2 ',8 40 *18% 20 61/a 6 1/8 46% 47 *11% 12 For footnotes 43 *95 10 »/4 2 42% 5 2 2% *25 2Va 2 Va *25 40 40 20 20 5 5 9% 9% 4% 100 Kinney 73 74 *72% 33 33'/4 32 32% 96 96 96 96 37 % *48% 47 4% 37V4 48% 300 Kress 46'A 46'% 900 Kroger Co 4% 5 13,700 23% 25 1,500 11% 11% 111/4 111/4 11 11 900 51 51 *51 51'% *51 43 Va *42% 43 1/4 *42 Va 25 7 s *95 -26 26 26V4 97 *96 97% 9% 9% 9% 36% 36% 36V4 5 2 Va *25 5 Va 2 Va 40 5 2 *25 46% 47 47 46% 47 46% 11 Va 11% 11% 11% UVa 11% IIV4 20% 20 % 2U% 6 1/4 6V4 6 Va $5 prior preferred-—/ 48% 5 42% 25% *96 9% 10 36% 5 36 4% 10% % 6 'a 900 51'% 50 42 Va 400 Kresge 67 Jun Dec 26 Va 20% 26 Va Feb 8 19'/a Sep 34 Va Jan i 21% Oct 15 11% Nov 30 Jan 41 Sep 60% 32"% Jan 55 Gas Lane 4V2$ 3,300 4,300 *18% 20 Aug Oct 46 Jun 96 Dec 101 Sep 40 Oct 22 33 Nov 59 Feb 4 52% Oct 21 34 Jan 45 Jun 3 40 Va Apr 29 16 4% May 19 29 10 50 600 Coal & Navigation Co 10 Portland Cement —25 Valley RR—_i 50 Valley Coal com No par Non-cumulative preferred 50 $3 non-cum May 20 49 Va Jun 19 6 '/a 1,700 47 46 46% 3,300 Lehman Corp 11% 11 11 Va 1,400 Lehn & Fink 26. 7?^;'"" (The)_—1 Prod , Feb 3 5% Sep 9% Jan 11% Dec 14% Sep 68 8 13 Va Nov 20% Sep 8 52 Dec 102% Apr 13 49 Sep Nov 31 14% Feb Feb 56% Feb 30 % Feb 62% May 65% May 38 9 Jan 56 Sep Oct Oct May 82 Apr 17% Jan 4 Apr 2 9 Va May 2o 12 Va Feb 13 10 Va lo 44 Va Jan 9 34% Sep 7 6 Va Sep 96 Oct 30 Va Jun 31 101 4'/a May 17 8% Feb 1% May 19 3% Feb 55% May * 17 % Jan 5% Jan 2 Va Oct 49% 11 Jan 64 Apr 13 18 % Nov 38% May 17 9% Feb 11 6% Oct 15% 1 38 % May 19 50% Fv.0 10 41 Va Oct 65% 5 11 6 21Va Oct 33 No par Corp„—4. May 15 7 14^ Jan 44 45 Va May 43 43 Va 25% Feb 1st preferred—No par 50c'non-cum 2nd pfd__ 6 i 100 26% 29 Lehigh Lehigh Lehigh' Lehigh 40 Dec 6 5 21% May 19 3,000 82 14'/a May 19 5% Jun Dec 5 24 Jan ;. Dec 16 9 Va Nov /. 85 . Jun 30% Aug Jan 3 4 7/a 29 108 Va 38 Va Oct 100 36 V4 Feb 102 Va Aug 17 No par & Sons Co Dec May 19 com (James) NOV 15% July 14 3.85%' cumulative preferred Lees Tire 21% 108 Va 25 23 Va Sep preferred- Feb * Apr May if? (' 95 Va 65 Va Jun No par (The) 20 Feb 7 13 Light Co_— 4 pfd—75 Pesos Mex & 2 13 38 1,500 2 22% Jan 5 6,300 2 13 15 27% Feb No par Bryant /common Lee Rubber 49% Feb Apr 116% Feb 6% Co 52 '/a Jan 39 16 (The)——No par La Consolid 41% May 17 11% May 20 — Laclede 2 17 104 % May 19 (S S) Co_ 10 H) & Co_———No par Lambert May 17 13% Jan 11 1 (S 9 7% 26 Va 97% *25 2Va 40 2o *10 Jun Sep 15 10 'Cumulative.preferred 4% ser-_100 36% 10V2 40% 45 Nov Koppers Co Iric common—: 37V'4 5,300 Oct July 24 18 28'/a Feb 100 (G R) Co common 49% 18% 58 Va 1 2nd preferred conv 47 25 46% 190 *97a 6V4 page 2,500 25 6% see ■ 26 *25 19% 6% 80 74 —Z B 5 13% May 19 Copper—. No par Keystone Steel & Wife Co—No par Kimberly-Clark Corp corn.—-No par 190 *13 10 47% May 19 Kennecott 4,800 14 14 19% *61/4 600 23 s% 75 37 13,000 1051/4 *74% *47% . Class 22% Feb 108 Va Mar 5 Kelsey Hayes ;WheeLcohv class A—1 231/8 75 *50 1,200 104% *74 48 900 18 4 28 100 preferred (Julius) & Co—: 241/4 14 51 24 17% Jun Power & Lt Co— non-cum 105% 14 48 *23 Va . 4% Kayser 104 % *13% *50 18 500 1,000 City 3.8 % 23% * 14 25% *25 105 % *13 % 9% 5 24 »/4 *104% 14 251/4 5 24 18 75 5 *96 97% *43% 46 44% *44 *96 Apr Jun May ■ Volume 166 Number 4653 THE COMMERCIAL NEW AND LOW HIGH Saturday * Monday Tuesday Nov. 2!) Dec. 1 SALE Dec. 2 per 18% share $ 19 53% 19 541/4 91/4 9% 35 '88% '40 43% 54% share 18% 54% 55 53% 89 88 88% 174 *175 175% 43% 42% 17% CHRONICLE 41% 41 Va 17% 54% 88 88 »/4 175% '41 1,100 Life 2,400 Liggett & Myers Tobacco 350 $ per share 17 May 17 46% May 21 No par 7 Savers Corp 8 5 Preferred May 16 loo ; 102 170 191% July 25 183 Dec 210% Mar Nov 13 41% 1,000 10% 10% 10 10% 10 10'% 14,600 CO CO Lily Tulip Cup Corp Lima-Hamilton Corp 59% 59 % No par 33% May 27 10 Dec 4 60 60 .2,000 Link Belt No par 47 Lion Oil No par 20'A '85 Liquid Carbonic Corp com___No par 3%% preferred,: 100 90 30% 31% 3,500 20 % 20'A 32 21 21 21 20 % 20% 20 20'/a 19% 20 2,800 *85 89 *85 89 85 85 11% 12 12 Va 12% 12% 13% 12% 12% 12 12% 11% 12% « 20 20% 11,700 19% 20% 19% 20% 19% 19% 19% 19 19% !. 68 68 68 19% 68% 67% 68% 67 67% 1 24,000 2,600 23% 23 23 "/4 22% 22% 22% 22% 18% 18% 18% 18% 19 ; 18% 18% '67% 68 671/4 67% 22% 22% 22% 23 19% 20 '156% '23% Xl8% 158 *23 19% 156 *154% 18 % *154% 156 *154% 84% 156 '83 85% '1541/2' 156 87 '153 156 600 • Co Inc ' . Lorillard — (P) 23% 23% 23% 23% 23% 23-V4 28%; 23 23 % 40% 40% 40% 40% 40% 40 40% 391/2 40% 39% 40 25 6,400 25% Louisville 25% 26 261/8 25% 25% 251/2 25% 98% 25% 25% 98 98 1,800 Lowenstein 98 98 97% 98 98% 550 21% 22% 22% 2,200 '98 21% *22 22% 22 22 '97 98% *97 i- 700 211/4 22 20% 21 % 38 38 38 38 700 135. 13o *135 139 20 4%% (M) Steel Lukens pfd Co A—_ 23% Nov 4~3~% Jan 4 99 Apr 10 30% Jan Nov 12 109% Feb Dec 120 Aug 20 Feb 20 18% Dec 451/4 27 Feb 13 25'A Nov 41 Apr 79% Feb 9 64 Jan 94 May 28% Oct 24 17% Oct 35 Aug 8 23 16 14 21% Jan 172 29 31 Dec 4 29% Jan 4 53 17% May 19 100 97 10 3 Jan 39'% Dec 50 series Feb 9 33% Nov 17% Apr 156% Nov & Sons Inc com—1 cum 66 12% May 19 A„No par Nashville & 65% Oct 2 58% May 19 100 Louisville Gas & Electric Dec 43 14 19 10 preferred.! 7% 25 23% Co common— Jan May 371/4 Aug 29 12% Oct 61 37% 10% May 17 —No par 1,900 3,000 , X48 Dec x84 __No par Corpi Long Bell Lumber A 14 19% May 17 No par Lone Star Cement Apr 24% Aug 25 ;_l 1 40% *22 No par Co Lockheed Aircraft Corp— 'Loew's Apr Oct Sep 10% 31% 15 >/a 28% 61 32% 441% May 74% Jan NOV Oct 83 10% 31% Nov 10 2 59% 32% 21% 43 3 28 10% 32 8 10 Apr 11 40% Oct 60% 31% Feb 59% Feb 25 Highest $ per share 96% Jan May 19 10% 31% $ per share 29% Mar 15 CO 31% $ per share 78 10% 31 Lowest 25 com 60 10% '59 Year 1946 Highest No par Corp Libbey Owens Ford Glass Libby McNeill & Libby_ 8,400 176 41 % Lowest Lerner Stores 88 % 176' Range Since January 1 par 2,600 9 Vb Jan 31 13% May 17 Feb 7 29% Oct 14 101% Aug 22 26% Oct 14 x20 Nov 166/ Dec Jan Jun 31% Jan 197 Aug 24% Sep 45% Oct 32% 20% Nov 43% May 97 Dec 14 Sep Jan 72% Feb 108 July 30% Jan J M '38% 39 52% 38% 136 '134 '134% 52% 34% 52 34% '99% 100'A '12% 19 '12% '430 19 '25 52 34% 102 % 13 18% 9 27 9% 27 18% 18% 18% 13 18% 1,400 12% 12% 12% 12 12% 1,300 25 500 9 9 9% 25 5% '5% 21% 21% 21% 21% 21% 21% 9% 24% 7% 1* •" 25%,- 25% 7 15 » 25% 5% 21 7 25% 500 8% 5% 21% '/a 21% 500 8% 100 500 ___ (R H) 4%% pfd Madison Sugar 2,000 Mandel Bros 100 6,400 Maracaibo Oil 2IV4 5,000 Marathon 7 7% 11,900 Marine Market St 14% 15 24% 24% 23% 24% 104 % 105% '103% 105% '14% 15 14% 14% 360 22% - 23% 6,400 105 % 100 14% 12,400 14% 14% 15 14% 20% 20 20 '19% 20 54% 19% 19% 54% 19% 19% 17% 54% 19 % 55% 1,800 54% 55% 54 % 54% 53% 53 54 23% 54% 24 23% 2,900 23% 24 24 23V2 24 23% 2,700 Master 33% 1,600 Matliieson 24 24 '33 33% '174 178% '40% '91 x33% '172 41 34 178 40% 40% 15 % 33% '170 34 1761/a 40% 40% 14% 14% 33% *170 33% 176% '85 89% 90 89 89% 330 88% 88% 88 88% 1,080 90 89% 90% 88% 89 88 88 '/a 87 *83 '111% 36 28% 87% 11% 11% 86 10% 36 '43% 44 113 '111% 113 111% 36 37% 28 28 % 28 '40% 41% 86 10 % *43% -111% lO'/e 44 113 *83 86 10% 26%" 100 $3 10 $6 1st 38 37% 38% 37V2 37% 1,800 McCall 28% 28% 28 28 % 27% 27% 1,300 90 90 *88 92 110 *401/4 4IV4 1,000 *251/2 26V4 800 48 48% 48 48 48 48 33% 33% 33% 33% 33% 96% 96 "4 *93 *19% 19% *19% 19% 19% '22% 23% '22% 96% 20 1,800 Mclntyre 33 33% 4,200 McKesson *93 23% 22% 22"8 22% 21% 22% 22% 21% 22% *22% 20% 20% 20% 21% 20% 20% 20% 93% 20% 93 19% 93% 93% 93% 94 '45% 45% 45% '45% 45 % 45 '23% 24 24 23 7 18% 19 19 19 61 61 '59 61 15% 15% 15% 16% 16% 16% 44 43 % 43 % '43% 44 % '43Va '491/4 23% 49% '90 '45% 93 42% '101 % 24 49 % 49% '90 23% 19 43 '101% 103 103 LOW Saturday Monday Nov. 29 1 per 16% 42% t per 16% 16% 43% 16% 16% 600 23 1,900 Mfelville Mengel 1,000 59% 59% 59% 59% 60 16 % IS 16% 15% 15% 3,300 16 *43% 17 *43'/4 44 4% 5% Mercantile 100 Merch & Min 5OV2 2,400 Merck & Co 92% 100 *42% 42 1,500 130 $3.50 cum Thursday Friday 16% Dec. 5 the Week t per share $ per share 16% 16% 16% 16% 16% 2,600 Miami 43 % 451/8 44% 45 43% 441/4 42VB 43% 4,200 431/2 41 % 41 % 42% 43 43 43% 1,400 Midland 142 9% 9% 9% 57% 58 5 61/2 57% 55% 57% 57% 96'/2 *96 % 97% 63 63% 62% 63 "4 58 *96% 63 97 % 63 3% 13 13% 117 46 % 3% 13% 13 V2 13% 118% 117 46% 118% 120'/a 48 3% 48 3% 96 % 97V4 49 4 4% 63 63 102 — 46% 140 Vb 14 "8 10 96V2 117 141 14Ve 9% 57% 13 141 14% 14% 102 13 1 8 13% 119 118 44 % 4 48% 4 14 140 Vb 14 96 9% 56 Jun 108% Mar 20 113 Jan 4 111 Jun 118 Mar Co 96 631/4 63% 107% Feb 7 45% Oct 16 May 17 32 Feb 1 64 *101% 13 13'/4 12% 119 45% 46 % 3% 4 95% 440 64% 95%. 102'/a 1,800 102 13V8 118 90 10,100 118 3% 380 49 45'/8 13,500 9% 9% 9% 9% 9% 9% 9% 9% 26% 24% 24% 24% 24% *24% 55% 55% 25% 25% 56% 25% 56% 58% 58 % 58% 57% 58% 57 58 116% 116% 114V2 114% 300 52% 16,900 16 % 4,600 34 % 53% 53% 52 '/a 53 % 51% 52% 50% % 17% 16% 16'% 16 16% 16 64 % 67 69 *66% 68 *65 68 *62 ' 65 25 Vb 25% *25'/8 25% *25Va 25% *25 Vb 2o% *251/8 13% 13 % 25% 25%;:* 25% 13% 13% 13% 13 1/4 131/4 *13 13'/a 23% 21 23% 23% *23% 24 23% 23% 23 20% 23'A 12%*' 22% 20% 20% 21 20 Va 20% 201/B 19 20% 20 19 19'% 19% 19% 19 19% 19 19 24 18%« 24% 24% '105 106% '36% '110% 14% 37% 36% 112 *110% 15 14% 37'/b 112 44 43 *55 24% 13% 37 % 110 1/4 56 $4 Moline Minn 131/4 100 Impl Jun 61 Nov 1051/s Jun 18% Dec 36% 55% May 17 73 Feb 8 13% May 20 19% Jan 28 41 Mar 21 43% May 19 92% Dec 5 35% May 21 99% Dec 4 47 % Jan 3 65% Jan 10 54 Sep Sep 3 97 Dec 103 % Mar 47% Jan 30 111% Aug 18 Mueller 3,200 24% 106% 10 13 'A 700 37% 36% 37 % 36% 37 112 56 1,200 ' *110% 112 10 15% xl4% 15 8,600 42 15 *40% (John) 2,900 13 %■-. *110 Morrell 18% 23% *40%- 42 200 56 56 56 16 'A 15% 16% 300 Lowest Mullins $7 12% May 19 33 136% Jun 95% Dec May 19 Jan 13 28% Mar 11 1.25 5 No par 8 No par 49 10 com 20% 16 50 Jan 52% Apr Oct Nov 113% Apr Mar 45% May 62»% Jan 140 Oct 10% Nov 9% 45 173 14% Feb July Deo Oct 26% Mar Oct 68V4 25 1051/4 Dec Sep 29 401/4 Apr 102 'A Dec Apr 119% July 4 68 14% Oct 8 8%'Oct Oct 14 100 56% Oct 20 28 123 Sep Sep 60 Deo 18% May 129 Mar 44 May 17% Jan 25% Feb 7 19 Oct 52 Jan 51V2 Jan 2 42 Dec 70 Apr 13% Feb Feb 14 17 11% Dec 23% July 28 % Dec 45 Apr 63% Feb 3 431/4 Sep 64 Deo 128% Feb 4 111% Sep 135% 57»A Dec 104% May 20 Nov 30% Apr 50% Sep 62 Jan 15% Oct 34% 19 Oct 36 8 Feb 32 3 8 11 Oct 9 5% Oct Jun 2 1 103% May 26 class B Nov 6 156 34% Oct No par 1 Feb 32 21 24 64% Feb 17 x 18% 31% Oct 45 'A Nov 48 Highest Sper share Oct 10% 17'A Dec May 19 19% May 19 17% May 19 14% May 19 5 $ per share 3 18V8 Mar 3 9% May 19 No par Co Mfg Co 32% July Year 1946 share 4 May 19 Dec 52% May 19 24 May 16 No par Corp Corp May 19 23% Sep 8 49% May 17 110% May 16 3 67 26% July 1 14% Nov 3 271/4 Oct 20 27% Feb 3 25 Jan May Mar 28 27% Oct 20 1071/2 Mar 14 14% Sep 22% Oct 109% 102 Jun Feb 5 May 29 15% Nov 13 13 % Sep 27% Aug 35 Apr 14 40% Feb 10 32% Oct 49 100 preferred 10 1 common— 108 108% Jun 9% Oct 10 com preferred (F E) 3 3% May 19 com. Murray Corp of America Myers 5 16 Dec 11% May 19 32% May 19 Inc Lines 18 51% Apr 102 20 preferred 4% Apr 30 29% May 19 100 & Co Munsingwear Inc Murphy Co (G C) 4%% $ per 7 Inc Brass 39% 104 Nov 77 May 110% July 61% Jun Lowest Highest $ per share 104 preferred— cum Wheel *1051/4 57% 35% No par Products 13% *56 Oct 5 Motor 2.4% 15% 18 1 New Motor 1061/2 41% 6 No par com com Moore-McCormack 1,400 13% 14% 24% Jan 10 preferred series A Montgomery Ward & Co 2,000 23% 411/2 May 19 50 Range Since January 1 $3.25 20% *105'/4 15 26% 16 Machine Tool—:—No par 23 13 % 112 57'A Aug Oct 5 114% Feb Monsanto Chemical Co Motorola 24% *37% Oct 2OV4 10 1,500 106% *110 43% 7 No par Hosiery Co Monarch 1071% Aug 5 t Corp RR Sep Feb pfd_100 $6.50 preferred Mission Apr 25 % Jan No par Power 103 Jun Dec 1 preferred $2.50 13% 44 56 66 24% 14% 56 *62 *105'% *41% 43 57 x37 110% 14% '43 '55 600 6,800 1,200 •' ' 105 11 36 30% May 20 7 Mojud 9% 25% 55% 13% 105% Feb Apr Oct Sep 43 66% Jan 1,200 9% 27 9% '26% 24% 18% Jun 35% 20 No par 7% preferred series A Mohawk Carpet Mills 105 22 28 47% May 27 Mo-Kan-Texas 14 8 23% Oct 3 100 2,100 24% 31% Feb 3% Regul com 3.20% conv pfd series A Minn Min & Mfg 7,200 106 % 4 16% May 19 88% Jun 23 50 Minn-Honeywell 4,200 *13% 22% Dec 12 374 *105 Nov 24 13% 13% 20 14% Feb 34V2 13% 21 108% Mar 1 vtc 13% 20% 25% Feb 15% Nov A 33%. '18% Dec 1 100 M 141/8 —23% 102 Jan 56V2 Sep 39% Nov 6 20 6% May 19 2,800 56 SS 69 44 Jan 44 50 pfd 1st & Apt 461/4 May 48Va Apr Sep Sep 105% Feb 10% May 19 P 35 '13 8 23% 17% May 20 10 & St Louis Ry Minn IS1/)} '67 56% Feb 30 3 96% Dec No par Minneap 2,400 34% 16 9 30% May 19 No par 2,000 9% 14 VB 33% 461/2 May 18 No par 36% 33 % 122 3 Mar 14 com 13% 102 117 Prod 13% 33 % 1021/4 Dec Dec STOCK 35 % 117 May Range for Previous 14% -115 Apr 43 5 36 % 120 71 Oct 5 3.90% 14% '116 Sep 25 No par 36 54 42 21 35 com Co 14 % 111% 23 33% Feb common 36% 53% 48% Jan May 26 24 Inc 14% 111% 35% May 19 24 90 preferred 36% 53% 07 V8 Mar 11 1 100 141 % cum Nov 97 May No par 9% 54% NOV 1 70 May 112% May 17 Petroleum Steel St Dec 55 Co 13% 8% 103 Sep 1 141 % 80 38% May 2041/a Oct Co 13% 113% 25 Sep Jan 45% NOV 100 Inc 37% 53% Feb 24% 195 Dec Mines 13% 112 8 _1 '36% 9% 49% Feb 91/4 No par Mid-Continent 43 142 23 451/8 5 43% 9% Apr 93V4 Copper 44 14% Jun 75 3 Par 42% 9% 30% 4 EXCHANGE 44 14 % Feb Oct Sep 20 20' Jan No par Co NEW YORK *141 143 26% Nov 35% Nov 190 45'A 12% 48 Jan Shares 43 9% 20 112% Mar 141/4 Nov Co Edison Metropolitan 141 15 31 Sep Sep 50 com— Transp 43 *9% Corp Inc 141 *14% *109 7% May 19 42 Jun 6 Mesta Machine Co Sales for Dec. 4 share 9 STOCKS Dec. 3 per 175 % Nov 5 preferred PRICES Wednesday 111% July No par Stores 50 99% 5 Feb No par 1st conv 92% 42 Apr Nov 18% July 23 24% May 27 100 preferred Corp Co (The) common 50 99% Jan 57% 2 Shoe 93 43 20% 6 2nd 50 99 % Oct 30% Nov 23 No par Stores *89 99% 11% 13 Jan —No par Robbins & 50 101 % SALE $ 44 8 34% Feb 24% Oct preferred. 43 OO share *43% May 19 63 % Jan No par Pub 94 43 1001/2 HIGH 44 49 ','2 *90 43 % per 43 23 18% AND t 43 17% U% 34 Corp common 41/4% preferred 23 % 18% Jan 8 Sep Deo 100 com_J.No par Mc-Quay Norris Mfg 44 18% 26V4 46 Va May 3% May 17 14% May 19 Mead 23 % 19 Dec. 2 share 90 Oct Nov ~7% 9 1 Porcupine McLellan 44 61 Tuesday Dec. I share 94 Apr Jan 12% 26 1 14 preferred 24 *59% 93 xl00% *93% $4 45% a *18% 49% '90 43 94 400 2,400 19 49% 93 *93% 23 20% 61 '59% 42 % 42% 94 700 Aug 16% 17 39 % May 17 common-, Electric 96 19% Sep 626 * conv 34 100 Jun Oct 22% May 19 1 pfd McGraw-Hill 48 96 8% 8% Feb 15% Nov 5% Nov 20 No par ; 620 27% Feb —No par Wks Stores 47 '93% Co common cum McGraw 27 19% 2 14 Corp 41% '93 17 3% Jan 19% May 28 6% May 20 100 preferred 90 20 Jun 12% Jan 4 No par pfd 431/2 26'/2 96% 455 100% Aug 25 40% 33 % 17 May 17 6 90 32% Jun 3 27 '19% 17% Dec 41% '94 30% May Dec Nov 26% 19% Sep 88 *41% 97 Sep 13% 86 Co 26V2 '19% 12% 161/4 1. 18 100 L) Alkali cum 41 Va '35 1 $3.75 cum pfd 1947 series—No par 26 % 48% Nov Jan 6 $3.40 Mavtag 40% 48% *17% 76% 65 18% Aug 106 38 92 May Apr 14% Feb pfd com $3.75 preferred 081/4 '89 111% 39% May 19 89 Dec 5 McCrory 31/2% 92 26 prior Dept Stores 28' */2 28 Oct 32% Feb Electric Co 1,700 113 Nov 3 1 preferred May Oct 37% 106% 4 5 Martin-Parry Corp Masonite Corp 7% 38% 7 9% Dec 6.25 (Glenn 21 Mar 28 60 Jun 160 21 % Mar 6 Corp & Co 10% 431/2 *111% — Martin Oct 41% Jan 111 24% Sep preferred 41% '40% '26 33 1 44 111% '83 4%% 26 '89 48% 11 *43% '111% 113 44 92 2 % 11% '43% 'W% '47% '84 11% — 3,300 90 '85 176% 40% 91% 11% *170 40 89 44- 23% 32% 176% 40% 88% 87% 33% 14% 40'A 91 '43% 33% :'170 14% 40% 89 '11% 14% *104 40% 92% 89 ' 104 Sep Dec 5 6% Ry 32 140 15% Feb 455 Exploration Marshall Field '19% . 104 17 22 21 > 16% Apr 14 11% Nov 20 1 Corp 14% 104 Nov 42% May Nov Apr 41 152 No par Midland 103% 26 11% May 19 50 . 21 5% Co__ Manhattan Shirt 7% 51/2 No par 10 Co 5% 21% 100 1 Mahoning Coal RR Manati 25 100 Square Garden 91/2 *23% A Mar 12 Nov 41% May 19 30% May 19 No par com Magma Copper Magnavox Co (The) '102% '102 >/2 series 1,700 34 134 No par Co Inc 8% 89'/2 9% 25 7 7% 13 '450 8% 9% *231/4 5% 7 15 25 '430 9% 26 *23% 5% 7 Macy 12% '430 com Mack Trucks Inc 103 I3 10 100 3,300 18% 9% Forbes preferred 6,200 13 500 6% & 33% 13 *101 MacAndrews 51% 13 5% 7% 51% 33'% 33% 13 '9% 15 51% 104 5% '7 51% x33 % '101 5% 15 52% 34% 103 '9% 10% '25 51% 34% '100 19 12% '43u 10 11% 136 12% •V % 12%. 33% 13 13 500 38% '134 52% 34% '99% 12% '430 9 '134% 34% 18% 13 38% 136 100% '12% 500 38% 52% 34 100 % 13 9 10% 38% 136 21 Range for Previous STOCK 34 88 175% 42% YORK EXCHANGE 3,200 54 9 33 NEW Shares 17% 53% 9Va 34 STOCKS Sales for the Week S per share (2325) RECORD - Dec. 5 IS >4 9 . Friday $ per share 34 34 88% 42% Thursday 9% 9% 34 173 % 174 42% per 9 % 34 % STOCK „ Dec. 4 18% 54% 91/8 89 % 174 18% 24'/4 35 83% 173% 18% Wednesday $ YORK FINANCIAL PRICES Dec. 3 share per 9% *34 90 173% $ 19 54 53% 9Va ft.OA share per & 50 & Bros No par Mar 26 97/s May 17 37% Jan 50% Jun 2 10 112 Jan 29 15% Nov 24 44% Feb 13 33% Nov 66 29 50 Jan Deo 114% 22 May Jan Jan 65% Feb 70 Jun N 16% 16% 16% 21% 21% *21% *26% 26% 26% 9% 17% 16% 17% 16% 16''2 15% 22 21 % 21% 211/8 21% *20% 26% 26V4 26% 26% 26% 26% 21 26% 21 '26 19,700 Nash-Kelvinator 21 280 Nashville 26% 900 National Acme Chatt .9% 9% 8% 10% 10% 8% 10% 10% 8% 8,200 National 101/2 10% 10% 10% 10'A 12% 10% 10 12% 12% 10% 12% 4,600 National Automotive Fibres 12% 12 12% 12 121/4 11% 12 2,600 National Aviation Corp *31% 32% 173 32 25 31% 32% 175% 32'A 8% *39% 9 8% 40 9 13% For 13% footnotes 32 8% 31 32% 32% 173% 174% '24% 25% 25 7% 8% 7% 39% 401/4 8% 13% 9% 40 % 26. 8% 8% 13% 14 page 40 9 13% 32% '87 9 32 174 176 *24 see 32 32% 9 % 25% *173 25 33 9 32% 174 *29% 31 8% 301/8 30% 900 32 32»/8 x30% 31% 4,800 *173 175% *173% 175% 300 Airlines National Battery Co National Biscuit Co 7% x39 9 13% 8% 8% 8% 8% 2,000 38% 391/4 37% 38% 3,000 91/8 13% 8% 87/a 3,100 Corp National Cash Register Nat City Lines Inc 13% 13% 5,400 National 391/2 9 14 9 13% 25 400 Nat Bond National & Share Corp Can Container 25% Jan Oct 52% Jan 27 Sep 41% May Inc 16% Jan 6 14% Nov 34% Feb 7 10 16% Feb 21 13% Dec 20% May 28% Jan Oct 20 20% Oct 341/4 Feb 15 25% Oct 8% Dec 1 9 % May 19 5 5 10% May 19 Jan 13 Co 24 10 27 Jan 13 1G0 preferred.:. *24% 25 Oct 23 6 4 common 9 25 7 13 Jan 1 25 a 19% Feb May 24 May 19 29% Feb 21 5 Louis 12% 9% May 19 19 1 St 14 100 Corp & Co 170 Nov 7 30 14 33 187 Jun 27 13 180 Sep 34% Jan Apr 37% May Nov 205% Apr No par 10 21% Jun 10 8'A May 19 26% Feb 13 22% Oct 32% 13% Feb 7 9% Nov 21% Apr Feb No par 1 S33 May 19 8% Jun 16 13% Aug 4 42% Nov 8 31 Nov 45% Jan 14% Jan 7 13 Oct 24% Aug 15% Oct 15 1 '':' 22 THE (2326) LOW HIGH AND Saturday Monday ,Dec. 1 SALE Dec. 2 & FINANCIAL CHRONICLE PRICES Monday, December 8,1947 STOCKS Friday Dec. 4 Dec. 3 Sales for Dec. 5 Thursday Wednesday Tuesday Nov. 2.9 COMMERCIAL ^MWJJ^^jaWfcmiWWM 4toW«MBMMimiia<> M OiU&Z MmkSAiJUimJUM "Kfl^WWIlW the Week NEW YORK Range for Previous STOCK Range Since January 1 Lowest Highest EXCHANGE * 1 per share 13% 14 27% $ 27% 1 share per per 13% 13% 27% 27% share 14 13% 13% 13'A 13% 28 13% 27% t per share t per share t per 27'A 28 share 13'A Shares 133/4 27'A National Cylinder Gas Co 27% 27% 9,000 National 16% 17 17 17% 16% 16% 16% 16% 16'A 16% 2,400 National Dairy Products Dept Stores—. 20% 20% 20% 20% 21'/a 20% 20% 20% 2C% 20% 205/a 20,400 National Distillers 43 42 No par 42 *41% 19% *101% 35 Va *174 *141% 7% 43% 19% *101% 102 35% 35 175% 143% 175 175 143 143 142% xl8 Va 34% 176 *175 176 176 176 142 Va *141 144 *141 143% 143% 7% 15 Va 15% 7% 7% 7% *7% 7% 7% 15% 16% 15% 15% 15% 1 1 7% 15% 1 1 1 1 *91 92 90% 91% 92 92% 92 V* 92% 26% 26 % 26 Vt 26% 26% 26% 26% 26 V* 26% 20% 21 Va 22% 21% 22 21V* 22 *95'A 96 96 96 23% 23% 23% 21% 21% 91 170 7% Nov 3,500 3 & Natl 91 2,600 National 26% *26'A 1,300 National 28,100 National 22 20% *95 24 13 V4 *13 13% 13 13 12% 12% 12% 123/4 12% 12% 600 11% *11% 11% 11% 11% 11'A 11'A 11'A 11'A 11% 11% 1,000 18% 106 *29 106 • 99% 11% ♦100 99% 25% '25% 93 *106 100 11% 99 V4 102 *39% *100 *40 25% 26 26 91 25 24% 25 >/4 25 25% 39% 12% 40 40 40 40% 12% 12% 12% 37% 118% 16 *19% *52 *215 12% 118% '16 *15% 16 *19% 21 *20 Va 240 37% 106 Va 101 39% 11,500 102 1,100 23 24% 39-5/a 23% 2,700 90 *86 22% 22 22% 39% 39 393A 1,500 12 Va 12% 32,800 New 37 Va 38% 10,100 116% 15 Va 1,200 20% *193/4 20% 100 543/4 *48 52 *215 240 38 38'A 119 117 117'A *15% 16 15 15 21 *20Va 20% 20% 39% *50 55 *50 55 *50 240 *215 240 "210 114 2rxO N Y serial l preierred 100 Brake: & St Louis Co York Dock non-cum 230 13% 14 % 14% 14 V* 13'/a 14'/a 13% 13% 13% 135/8 3,100 N Y Shipbldg Corp partic stock N Y 92 V4 95 90 90% *89 V* 91 Va 36 400 1,000 State 17% 8% 56% 27 57% 58% 17% 8% 88 88 26% 26% 18% 1B'% *92% 93% 11% 17% 58 V* 58% 27 *26% 27 27 17% 8% 12 17% 17% 8% 9% *87 V4 573/, 563/4 57% 3,600 21V* *26% 37 Va 100 17 17 V* 17% 17 Elec & New 173/a 14,100 North American 8% 11,600 North American 88% 27% 26% 26% 25% 26 19% 18% 183/4 18 3/a 18% 15,600 92 90 90% 90% 90 3/4 420 26% *26% 27 26% 18% 19% 19 19% 18% 93 Va 93% 92 93 90 12 12 90 3,100 Northern 12% 21% 21% 22% 21% 37% 37V4 37 Va 37% 6% 6% *6% *13 V4 13% 13% 11% 22 37% 7 13% 7 *37% 7 9,800 20% 21 3,200 373/4 373A 11 Va 11% 21 21% 38 11 % 21 38 11% 12% 21% *37 Vb *6% 120 Cum Central 4.6% 103% NOV 110% May " Deo 113 24 y »'1106 Airlines 50 Apr Jun 95% Sep Oct 45 3 Feb Oct 27 109 ys Jun 34% Apr Oct 22% Feb * 13% Oct 69% Jan 35% Jan 26 Sep Oct 20 39 % Dec 124 Sep ley* Deo 37% 26 21% Oct 63% Oct 41% May 76 May Sep Aug 62% Jan 21 290 Feb SO 25% Sep Dec Oct 4 Mar 1 Sep 29 100% Aug 19 13 276 Jon 325 102 Deo 113% Mar 6% 200 Norwalk Tire 13'A 13'A 800 Norwich Pharmacal 32 29% 31 29% 29% *28% 30 400 Ohio Edison Feb 11% Nov 28% Feb — 53% Jan 16 56'% Nov 28 64 % Nov 5 26% Nov 30% Sep 33% Jan 17 17 10% Feb IT 41% Dec 17 4 6% May 16 87% Sep 8 20 25% Dec 100 115% Jan 5 V Oct 9 V* Deo Jan 39% Apr 16% Feb 117 May U 30% Nov 13% May 19 23% 111 72% May Sep 8 22% Feb I 16% Oct 6 102% Feb 17 96% Deo Aug 20 22% Apr 2 36 Jan (Minn)— No par 89 common—10 & 634 13 V* Feb 25% Oct 20 2 50 new preferred 13'A Jun 17 16 34 1 11 Nov 25 Rubber 19% Aug 20 50 Telegraph 13% 61% May 135 79 20% Feb 10 Inc cumulative Oct 30% 7 25 new Northwestern 13% 7 22 Sep 109% Aug 43% May Deo Nov 107 23% Nov 4 Ry Co 13% *6'/a Nov 18% 3 90 new„2.50 pfd $3.60 series Northwest 93% Dec 100 Co Northern Natural Gas Co Northern Pacific Ry ttv Jan 36% 10% May 21 1 Aviation Northern States Pwr Co 11% Mar 11 Nov 15 32% 10 26 15% Nov 29 pfd—100 common 88 Va 26% Jan 106 'ft Mar 25% 104 Ry— Adjustment preferred 8% 88' Apr 25 Nov Nov 46 % Feb May 23 Nov 13 25 Western & *87 Va 88 102 Gas Corp— Industries Nopco Chemical Co 8% a'A 8% 8% 88 100 Noblitt-Sparks *87% 17% 9% *87 Va 21% 13% 57% *26% 88 *37 Va *6% 58'A 27'A 58 *26% lf/a 89 38 Co- $3.75 cumulative preferred Norfolk *26 Va 3 53 13% 56% Dec Feb 32% Feb 173/- Jun 9 32 % May 19 12 May 17 50 93% 24 Va 91 10 July 25 43% Nov 21 5 No par preferred Y & Power & Light 3.90% 36 13 May 19 11% May J 9 19 Apr 19 Y *24 Dec No par common N 36% 106 18% May 19 N 24% 4 108% Jad 80 590 35% 23 100 16 24 V* 10 100 94% 37 6 28 Nov No par com 94 Va 24'A 38 35% May 20 No par 15% 37 Sep 18% Feb 107 6 98% Nov No par 94% 24'A 29 13 98 1 16 36% 22% Oct 100 Sep 101 Va July Dec Feb 11% Nov 10 94 24 Sep 25% 28%1 Nov 100 15% 36% 105 pfd—100 16% 24 75 10 18% Oct 16% Deo 93% 35 V* 20 17 16 Vb 24 2% 1% Aug Nov 24% Feb 93% 35 V4 2 41% 18% May 19 13% May 29 16% *23% 1% Jan 95 Apr 10% Aug Feb Oct " 42% May 96 36 173 Nov 24% May 15% 2i Oct 6% 20% Oct 95% *34% xl49 7 31 Sep 15% *23 28 Jan July Nov 95% 80 207 10% 15% *93 Dec 14% 95% 92'A 178 21% 15% 92Vi 15 Jun 13 96% 92% Apr 24 15% 13% 40% 10 *95% *92 Jan Sep 29% Jan Harlem RR Co Y New Hav & Hart RR Preferred 5% series A 8,200 108 Va 27 17% Feb preferred series A $5 — 33% Oct 1 28% Jan Mar 18 City Omnibus Corp New N Air Chic Oct 102 Vb 13% Jun preferred York Y Nov 16% 15 3 York Central 6% N 31% 2 Feb 20% May 20 1234 Dec 5 Newport News Ship & Dry Dock___1 1.800 14% 38% *117% 15% 28 32% Aug 67% Jan No par conv 4% % Nov 11%1 Jan 1 Jersey Pr & Lt Co 4% New 12% 39'A 10 19 '/a No par Fibre Co Newmont Mining Corp Newport Industries common *39 12% 88 (J J) common—No par 3%% preferred 100 New England Elec System 20 10 6,100 100 Apr Jun 3 8% Apr : com Co 4%% x22% 12V* Pa Co 34% 28 1 Aug 19 7434 May 26 21% May 17 12% May 19 25 No par Neisner Bros Inc common.. 25»/a 12% Tea 6% Newberry Co 40% 24'A 91 1 No par No par Corp New 39 Va Corp Co ex-dist Supply (The) preierred Vulcanized Nehi 20 90 12% Natl Cast Lt & Steel Corp Sugar Ret' Co Natomas *88 *215 54% 240 102 11% *10 J 395/B 23% 25% *100 12 102 4,400 400 30 *293/8 101 11% *100 118'A 37% 118 118% *50 *215 *105 V* 293/8 1,300 4 Va% Service Stl Power National 91 X39 12% 15% 20% 54% 107 29% " 37% 118% 37% *105 V4 40'A x25 94 39% *14% 14% 12 102 40 40% 24% 18% 14% 29% 11% *100 *91 93 18% 100 100 12 102 •40V4 25% *91 107 29% 99'A 11% 12 *100 *14% *105'A 900 15 15 29% 50 24 23% 18% 18% 18% 18% 14% 107 29% 29% 99 V4 11% 102 18% 14% 14% 107 29% * 18% 18% 14% *103 29% 40% %40%h 4 *91 18% 96 *95 Mai Aug 45 % Nov 190 % Sep 167 Jan 16 Linen Nat 8,700 23 Sep 15% 36% Dec 19 Jan 15% Dec National 5,900 1 Oct 30 45% Oct Oct 31 141 15 3 6 25% Jan , 100 21 Jan 107 25% May 20 100 96 15 Va 10 common Highest $ per share 23% Oct 6 B 24 18% Co Nov A *23 *14% Lead 17% Feb I per share 20% Jan 14% May 19 99 preferred *95 24% National 1 No par preierred 24 11% No par 6% 96 *13 Stamping 100 *95 23% & 143% *23 96 Enam National Gypsum Co com $4.50 conv preferred Year 1916 S per share 38 14% May 19 17% May 19 30% May 26 7% 90% 92 9,000 Nat 5 Prod 20 1 1 *26% 21% 34 5/8 33% 8,100 260 *175 17% 1 101 177 7% 1 Vb 101 200 18 Va 18 183/4 101 34% 34% 34 Va 35 V* 101 17 Vb 7% 17% 1 *175 19% 101% *43 102 x?4% 36% 46 19 101 13% 19% 19% 102 45 *42% 44 *41% 19% 102 *17 \ 13% May 16 27%i May 19 No par 16% 20% ' $ per share 1 16% *42 27% 3,700 Par Lowest 33 2 13% Feb Jun 12% Oct 2.5o Nov 18% Nov 56% Jan 44 Oct 65 y« Jan 9 6 45% Jan 6% May 16 No par Co 25% Oct 12 104% 18y2Feb 2 11 6 Nov 19% May 16% Deo 26 May 0 *31 104 263/4 19% 32 104% 26% 19% *31 32 104 104 2 6 r''8 *19'A *31 102% 103 Va 26% 26% 27% 20 20 20 23% 23% *98% 100% 93% 99% 10% 10% 10% 10 VB 10 100% 100% 100 100% 102 20% 20% 29% 30 150 153 *20% 23% 23% 24 683A 26% 27 14,400 20 *19'A 1934 19% 19 19'A 23% 24 23% 23% 23 Va 24 Va 100 Va 99% 993/4 98 98 % 97 97 9% 10% *9% 10% 100% 100'/a 100 Va 10 203'8 20 Va 20% 20% 20% 30% 30'/a 30% *150 21% 20% 86 2,100 100 Va 100 Va 200 22 *20 Va 693/4 70 LOW Saturday Monday Nov. 29 * 303/4 *150 151 % *148% 151% *20 21% *20% 21 % *84 86 *845/a 86 84 5/a 86 70l/4 68% 693A 713A HIGH 69% SALE Tuesday 70% 69 3,700 151 Va Gas Corp 4%% 8 % 2,600 S per Elec 4% Jan 9 30% Hep Dec 5 1113/* Feb io 108% Jun 21 Apr 14 273/4 Nov 6 19% Feb 19 Nov 12 22 common preferred 97 86 15 Va lo No par common 24 100 38 3 July 23 Thursday Dec. share Friday Owens-Illinois the Week f per share Sep Jan 29% July Jun 22% 15 18 Vb Nov 36 Jun 17 99% Oct xll9% Jan 13% Feb 4 10 % Nov 17% JaD Feb 0 X113 Sep 120 Sep 30 28% Feb 18 25 Dec May 19 33% Feb 18 26 Oct 158 Sep 51% May 39 Va Feb 180% May Jun May 149% Oct 26% Oct 11 107 7 118 7 Feb & 24 163 Va Jan 18 19'/a May 15 28 V* Feb 8 19% No par Marine 84 Aug 28 93 Jan 4 863/* Oct 111% May 12.50 68 Nov 80 July 25 69% Nov 100 Mfg 2.50 Co Sales for Dec. 5 I $ per share 21 37% Nov 112 Feb May 17 7'/a May 6 A__100 preferred Outlet 173/4 100 Oppenheim Collins Elevator 20 No par preferred (The) convertible Otis 29 % Dec 101 pfd common Corp Outboard 80 & convertible Omnibus 6% 21 % Co Oklohoma Oliver 8 100 No par preferred Oil Glass Co 28 STOCKS Dec. 3 per share 148 Va *20 700 4.40% Ohio PRICES Wednesday Dec. 2 S per 30% 21V2 ' 86 151% AND .Dec. 1 $ 30 21% *84% 69 % 290 9% 30% 151 Va 3,300 9% *20 VB 30% *845/8 1,400 102 *100 30% *150 101 102 30 Va *20% 1 per share 21V* *101 *19% 21 69% 140 26% 102 27 V* 24% *99% 86 86 101 27% *101 Co common NEW YORK Deo 35 Jun Apr Range for Previous STOCK Range Since January 1 EXCHANGE Year 1946 Lowest Shares $ per Par Highest tper share share Lowest t per share Highest $ per share P *15 13 67% 15% 13 67% *15 15% 15 % 153/a 15 15 *15 15% 15% 600 Pacific Amer 13 13 Fisheries Inc 13 13 13 1.3 *12% 13 *12% 13 110 Pacific Coast Co 69 *66 69 69 *65 V2 69 10 15 5 non-cum No par 50 Jan 2nd pref erred non-cum No par 24 Jan 39% 40 39 % 38 38 35% 35% 35% 35 % 35% 35 35 % 50% 35% 34% 35% 9.900 50% 52 Pacific Gas & Electric 52 52% 52% 52 52 *52 53 513/4 52 1,600 Pacific 35% *34% 35 % 34% 34% 600 Pacific Pacific 34% *93'A 34 5/a 94 *35% 35% 35% 35'/a 93% 93% 93 93 V* 143 *142% 143% *142% 143% 4% 4% 4 Va 4% 4% 53 53 53 53 % 53 V2 43A 4% 43/4 4% 4a4 8% 8% 8% 9 *15% 16% 15% 52% >101 6% *76 >100 21% *42% 2% 35 29% *8 9'/a 53 102 % 6% 78% 104 21% 43 2% 35 53 L% 15% *15% 53 *101 52% 102 % 6% 6 77 6% 77 103 101 % 103 76% 101 8% 103 1,040 139 % 160 4 4 3,600 46% 51% 5,100 434 4% 4% 32,300 8% 31,100 53 8% *15 8% 8% 16 52% 99% 1C1 63/4 6% 15 53 101% 6 3/4 75 75 *101 103 21% 21% 21% *42% 44% *42% 2% 2% 2'A 2% 2% 35 % 35% 35% 34% 35% 35 90% 139 % 4 Va 4734 8% 52% 76% 90 Vb 141% 4 4% 15% ♦101 6% 9134 140 45 Va 8% 53 102% 90% 120 4% 15% 16 35 52% 4% 44 % *73% *101 52'A *99 6% 300 52% 4,900 450 109 6% 6% 4,600 *69 % 75 103 15 72 Va 300 *101 103 20 6% Lighting Western American Pan 4% Paraffine 19% 21 42% 41% 42 1,000 2 4,400 Park 3,100 Parke 34 % 34% 29 3'4 29% 34% 347/a Paramount Davis & 30% *29% *8 8% 8'A 8% 8 8% 7% 8 9% 1,200 Panneleo 9 9% 9% 9% 9% 10 9% 9% 3,400 Patino 34% 34% 34% *34% 35 34% 343/8 600 44 % 44% 43% 44 VB 43'A 433/4 5,100 Penney 3,600 Penn-Central 35 34% 43 % 44 44 6% 6 % 6% 14 14 17% 17% 33 32% 6% 14 17% 32% 110 *108% 30 44% 17% *31 ' 108 '/a *8 *29 8 V8 300 30 V* 6% 14% 13% 13% 13 Va 13'A 17% 16% 17 16% 17 1,500 323/4 *29% 32 *29 Va 32 100 *108% 110 108 Va 110 6 14 »/b 17 Va 29 V* *13% 6% xl4% 110 29'A 17 *30 33 6 Vb 6 % 6 6 7C0 Penick & Penn Coal Penn 110 *108% 18% 18% 18% 19 18% 18% 18% 18 3A IS 11,800 Penn 16% 18% 18% 16 16% 15% 16% 15% 16 44% 44% 15% 157/a 49,500 45 45 45 45 45 45 44% 44 Va 1,000 113 113 112 112 *111% 113 113 *53% 54% 53% 53% *89 89% *54 113 113% 55 % 53 *88 89 89 88% 88% *8% 9% *8% 10% *8 10 *83/a 23% 24% 33 23% 24 % 24 243/a 23 *31% *105 *10% *15 47% 44% 53 *99% For 107 *31% *105 32% 107 32 105 323/4 107 32% *105 113% 54 88% *45% 88 9% *8% 24 V* 22% 32% 107 *32% 105 112 170 112 series Jan Apr 55 109 9% 79y2 Nov 12 Mar 24 66% Apr 100 109 July 100 1 1 7 Corp com No par Inc (Chic) 32'A 800 20 Eastern Ry Pet Milk 4%% Co 2nd 10'A 800 Petroleum 15 % 15% 15 V* 15% 15 15 14% 14% 14% 14% 800 Pfeiffer 47% 48 49 49 Va 48 Va 48% 473/4 48 46 48 44% 53 100% footnotes 44% 52 see 45% 52% *99^4 100% page 26. 45% 51% 100 103/b 45% 44% 52 1C0 51 # fH O O 10% 10% 10% 10% 3,100 13,400 45 % 43% 44% 43 44'/a 513/4 49% 50% 50 51 1,200 100 40 101 99 100 *98% Co Pepsi-Cola Co *10% 10% preferred Peoples Drug Stores 106 Pfizer common preferred Corp of America Brewing Co (Chas) & Co Inc 5 10 100 5 100 100 33%c No par 100 5 No par 1 May 17 Nov 29 47 May 19 81% Jun 5 6 Mav 1° 22 Dec 5 23 May 13 105 Feb 5 w,v 1" 38 112 13 Va Jun 37 9 May 14 3«% Apr 14 49Va Dec 4 M«v 2H Apr , Oct 39% July 62 Nov 82 3% Sep Jan 9 35% Jan 34y2 Feb 21 26 Oct 14 V2 Feb 11 15% Mar 71 38Vb Nov 20 12 Oct 11% Deo 43 117 5 90% 27% 107% May 20 Sep Jan Sep 4 Apr 18 Jan 29 Jan 6 Feb 3 Jan 6 Sep 2 Nov 21 29 Apr 14% 2 36 Dec 5 Apr 15 111 Deo 6 25 6 7 66 Jan Deo 105% Feb 11 Jan 4 Oct 20 13Va May 19 4% 8 48% 15% 16y8 24% 15 % Dec Corp 25 Philadelphia Co 6% preferred 50 $6 preferred No par Phelps-Dodge 11 18 Va Dec com Peoria 32 24 50 Peoples G L & Coke 10% 15% 10'A 100 100 *103% 7y8 Sen 8% May 19 No par Light Co 300 33 4 34 >/8 May 7 28% May 20 37% 63% Jan 4% Jan 8 Dec 10 500 105 Sep Feb 7 Feb 15 Feb 32% Jan 103 Nov 26 19% Dec 5 38% May " Corp 8 3/a 52,800 10 32% Sep Co 48 . 4 13 2 -5 Corp 873A 23 99'/a Dec 5% Jan 58% Juti No par 8 3/a 22 40% Jan 13 - 37 2.50 873/4 23 13 1 No par *45% & Feb Apr 12% 27 No par 48 9% 11 Va 34% Oct 20% 1 88 47% 10 % A Oct Nov 5% Dec Mines Pennsylvania Salt Mfg Co 3%s 5 18% Oct preferred & 181% July 11% Pennsylvania RR Power Deo i Airlines 16'/a 44% 5% 160 % 164 13 Inc Co 18% *43% Oct 8 No par 16 * 122% Feb 14% Feb 21 18 July 18 Enterprises 18% 110 2 168 5 May 13 100 Co Sand Apr Jun 129 Va Jan 5 8% Dec 2y2 preferred Cement Glass 48 1 Feb 13 59% Oct 20 7% Feb 13 No par Coke & Penn-Dixie Oct 5 common Ford (J C) Jun 28% Mar 5 3% May lb Transp—5 Transportation & Jun 67 Va 10 Parker Rust Proof Co Mines 47% 4'% Dec Refining Pictures *29 9% & Consolidated Utah 48 Oct Sep 21% Jan Park & Tilford Inc 8% 9% Inc convertible 4% 213-a Cos Dec 36% 54% 90 % Dec 1 preferred & 24 18 10 Corp Petrol Prod 17 139 % Dec Panhandle East Pipe L com__No par Panhandle 25% July 86% Mar Sep 24 No par Oil Car Airways Corp Pan-American 42% 34,500 Motor Dec Nov 43 % Jan 25% May lv 100 Pacific Tin Consolidated Corp 21 2 No par 12% 49 46% Oct 50% Nov 29 Telep & Teleg common--100 Pacific 43 2% —-No par preferred Packard 21% 2 25 Corp Mills 29% 34% *108% 44 4% 4% 21% 44 *31 54 92% 141 4 Vb 2% 35% 6% 141 4'/a 21 % *43% 17% 913/4 143 *42% *34% *13% *34% *33% 19% 1 17 62% Jan 11 39% Feb 19 3 39 35 Jan Oct Feb Oct 16 3 34%.Tun 39 10% 19 80 16 *65 40 65 % May 28 9% May 19 10 preferred 69 40 * 10 common 1st *65 40 *38% 22 26% 51 % 118% 55% Feb 27 101% Feb 13 22 Feb 3 34% July 25 Jan 4 108% Jun 2 34 11% JuJvSfl Oct 8 62% Jan 2 13 48% Nov 21 59 Mar 20 109% Aug 5 — Oct 110 7% May Apr Jan 48% May 35'/a Aug 22% Jun 24% Jan — 40ya 12% 6% 17% Nov Dec Oct 67% Jun Sep 28% 110 20ya 25 37% Feb Jan Sep Sep Nov — 45% Jan 16% Feb 30% Jan 37% Aug 115% July 27% Jan 47% Feb 51% Deo — Jan 68 May 86% Nov 115 Apr Jan 43 14 21% 28 % 105% 8% Oct Sep Sep Sep Deo 13 Apr 35% Jan 29% Sep 51% Dec 107 Dec 51% 40 Va Jan 43% Mar 109 14% is % Mar Am¬ Fab 80 May x48 May 76% Jan 117% Jan 'y 166-1 Number 4653 Volume ■— hJEW * ' . LOW Monday ,v i; v' Dec. S Nov. 29 i . $ per share 22% 22 26 26 115 115 114% 116 *113% 115% 102% 102% 102% *102'A 14% 14 Va 14'A 14% 31 31% 30% 31% ■"102 *86% 25% 25% 22 1 per share 21% 25% *112% 102 22 Va 24% 21% • 10,900 24% 115% 115% 70 102 102% 900- 31 31% 31 89% 89% *' 13% 14 Va 13% 13% -31 *>8 -31% 31% 31% 6,800 89 % 89 89 87 87% 3%% 26 % 26'% 26% 26% 26 Va 25 25% 12,900 *96 97 96 96 *94 96 96 96 *95 97 96'A 96'A 400 *90 94 *90 94% *90 '94 *90 94 *90 94 35% 35% *88% 90 ) 'a 33% i * :'! ■. >#' 89 -'54 u - \1 y |. * . 35% 88 35% 88 % 35% % 90 *88% •;; ' 54% 55% 55% 56 % 54% 55% rlVa 1& rl% 1% rl'A l'A 13% *12% 15 *12% 33% 33% *100 25% 90 54% *13 /-i"' i • 34'A 34 *88% 26% 1% ■ u '•L: -• 33% 89 " 26% *33 101 *12% 13% 33 V4 33% 34'A *99 100 100 y 55% 53% 38% 97,200 15 *12% 14 *33% 34% i *95 i i ■ ■■■■*• ! ' J 13% *92 : * . * *95 *95 14% 14 14% 14% 92 30 30 25% 25% 30% 100% 169 *145 168 *145 168 165 165 165 *95 14% *95 xl3% 14'A 92 91% 30 29'A 30 25% 25% 25'A 25% * 17% *140 155 32% 32% *10% • 89'A *88 89 Vt 78 *76 78 32% *34'A 10% 155 .25 % preferred— 88 17% 32 VA 12% 89 84 VB 77% 77 17 17 17 *140 154 *140 33 Vb 10 % 10% 10% 26 26 32 Va 380 40 18'/a 2,100 154 26 VB 31% 10% *10% 26 29 6,500 2,300 10% 200 Pittston Co 35 35 35 34% 34% 34% 34% 2,600 14% 14'A 14% 14 VB 14% 13% 14'/a 3,500 Poor 13 13 % 10% 13 13% 13 % 13% 13'A & Co 13% 13 13% 4,400 "Regular 13'A 16,100 10 Va 10% 9,500 34 34% 700 69% 70 69% 70'A 69 69 Va 4,100 23 % 21% 22% 21% 21% 20 Va 21% 6,900 Publicker 90 Va 90'A 90'A 90 % 91 33 32 V8 32 v2 32 VA 32% 32% 32% 2,400 19% 20 Va 20 VB 20'A 20 20% 12,400 70 22% 22 % 22% 22% 22 % 90% 90% 90% 90% 33 33 32% 32% 32 % 20 20% 20 2U '/4 20 20'A 10% 35 % 10 VB *35 99'A 100% 100 101 110 110 109% 110% 109'A 109'A 117% 118 117% 113 117 118 116 117 *131 133 132 133 132 132 % 132 132% *112 112% 112 112 *112 112% *90 98 Va 109% 99% 109 3 *112'/a 91 98 y4 109 99% 98% 116 128 112 VB 4% % 6.5O 99 % Pub 112 Va *112% 53 Vt 51'A when 32y»Apr 21 910 $5 cum 340 7% 520 8% Inc of 1 - ; 67 92 26 12% 34% 171 Sep 22 21 200 Jan 141 Oct 200 Nov 28 13 Oct 31% 28 12% Nov 22 19 Oct July 29% Aug 200 Jun 5 35% Oct 27 20% Sep 25 Oct 19 "A Oct 22 14% Oct 27% Feb 30 Feb Oct 102y2 Feb 13 38'/a Jan 2 25'A Feb 21 15% May 17 x90 Nov 25 30% May 19 20 3 98'A Dec 4 111 2 Aug 5 108 Dec 5 120% July 17 10o 114 Dec 5 130 100 127 Jan 2 Pub Serv Elec & Gas pfd $5„No par Pullman Inc No par 24% 9,100 Pure 107% 500 24% 24'A 108 VB 108 Va 107% 26% 26% 24% 24% 24 % 24% 3,600 23% 100 Quaker State Oil Refining Corp__10 9 9% 57,500 Radjio Corp of America com—No par 70 70% 1,900 110% Jun 24 51'A May 19 21V* May 19 No par Aug 18 146'A July 9 114y2 Feb 8 61% Feb 3 28% July 25 32 Nov 98% 100 common Nov Dec 19% Dec preferred Purity Bakeries Corp. Jan 38% Oct No par conv Jun May 14 V* Jan Nov No par com Feb 96% 28 Dec *108VB 23 VA 68% Dec 11% 110 * 18 13 53 108 % 23 % 84% Sep 19% Nov Jan Oct Nov 38 *108% *23'A 59 3 108% 23 y8 103 13 24% *23'A 1 11 17 53 23% Feb 140 71'A Nov 32% Jan 54 VA *23% 22% May 20 24% 23% Oct 57 53% 23% 9% 15 par 24% 23% Jan 14% Oct Feb 25 *23 14 Feb 54 25 Va Dec 16 24% 24'/a 7% No par (The) Jan 10% Nov 21 43 53 % Mar 48% May 19 53 % 2b 210 Sep May 17 24% 26 May Nov 30 u 52 % 26% 202 200 l 34 24 % 26% July 2 Oct —5 preferred preferred preferred Oil 197 Jan 21 com preferred 5% Aug 22 42% Feb 14% Nov Colorado Corp of N J Feb 26 % May 30 ' Feb 203 l No Co 106 169 50 54 110 Dec 12% Nov 25 com 24% 110 Nov Feb 21 53% 108 Dec 17% Xl6% 93'A Oct 10 6,000 120 89% 21 10 15% • 59% May 17 10% May 19 May 15 17'A May 16 24 % 53 May 19 8Va May 19 114 Apr 22 10 Inc Co preferred Service 6% 112% 7 Sep Nov 15% Nov dist_. Car Industries ^arv 860 109 Aug 1 163% Nov 17 Oct 7% 26% Feb 32 13'/b Nov 26 preerred series A $4.75 Public 130'A 114 131 Common Press, eu Steel 115% 108 131 112% 109% 13.6 4 165 123 16% Oct 23 102 Mar 29 Co Procter & Gamble 69% 10% *34% May 16 29 Way" 10% 69% 100% 13'A 13% 35 69% 98% 13% 13% 10'A 69% *90 13 VA 13% Power 34% 10% 35 May 1 B 10 '/a 10% 35 69% 13% class Electric 35'A 10% 35% *35 13% 13% 136 10 Apr 19 19% May 19 11% May 17 Pond Creek Pocahontas 14% 13'/a Feb a. Feb 10 35 14'A 13% Jan Dec * 18 No par 35 14% 13% 41 36 110 5 35 Potomac 13% Dec 1 14 Jan Nov 73% Jan Sep Sep 5 35 14 36 89 16% 10 (The) Feb 106% Aug ■ 29% 91 Sep 23 18'AJan 2 Plough Inc Plymouth Oil Co 32% 49' Dec 102 % preferred class A— 100 5%% 1st ser conv prior pfd—100 Pittsburgh & West Virginia 100 26 Va Dec 1 5% 32% Oct 84 • 100 10 Va 96% 20% July 25 63% July 14 ' Feb Jan 1ANOV-19 17y«Mayl9 100 8 5 19% 38 % July 24 108 Feb 19 i—1 Pittsburgh Young & Ash pfd ' Oct 24 —1 preferred 25% * 10% 25% 87% 77 Nov 1 11% 12 Jun 10 30% Apr 28 99% Dec 4 ; 25 Pitts Ft Wayne & Chic Ry com—100 *135 *77 154 *140 33% 32% * 10 Va 25'A 17 17% 17% 32 % 11 -5 21 17 50% Mar 15 1 2,600 *88 24% 24% No par 12'A 12% *135 *76 *140 93 —- Pittsburgh Forgings Co 25 38 % Dec Jan 11% 12% __ 78% 17% Hosiery 18 Mar Nov Apr 29 Pittsburgh Screw & Bolt: No par Pittsburgh Steel Co com——No par 7% preferred class B —100 12% 101 92 81 5,000 *126 Feb 21 9'A 12% 109 100 — 7% 43% Jan 95% Nov 28 __100 8% 37% va Mar No par com Pittsburgh Plate Glass Co 12% 155 Jun 50 88 *140 Jan 5,000 *126 17% 17% Sep 71 112 38'/a 9'A 88 33% Sep 104% Dec 169 % 38% 9% *76 5 *167 37% 9% 78% Dec 169% 38% 9'A 88 25 5 *167 37% *76 102 169 166 9% *87% 47 Dec * 38% 12% Dec 89 165% .9 Va 11% 20 Va li 168 38% *126 24 08 *145 9 % 12% 15 35% Nov 5 168 38 % *126 16% Oct 16 Dec *145 9% July May Jan 168 37% 34 122 87 *145 9% 30% May Dec Dec 10% May 19 168 37% 12 J;: preferred— Pitts Consolidation Coal Co 600 2 7'A 116 21 ' 37% ■ 120 3,800 Highest t per share Sep 1 Pitts Coke & Chem Co com—No par $5 convertible. preferred—No par 3,500 91% 30 25% 9 % i 14% 13% 24% 109% Aug 12 NO par Pitts C C & St Louis RR_i-——100 — 30 Va ' • — 92 *91% 120% Aug 12 5 Pillsbury Mills Inc common 92 *25'A 21 Nov cumulative preferred Phillips Petroleum— Rights $4 21 Nov 100 Phoenix 150 29% Jan 5 a 112 common 10(V 100% 27% Jan 3 300' 30 26 *25% *145 jt 14% 92 30% 92 30% 26 % *165 ; 14% 91% 93% 30'A *25 % f *95 - 5 1 per share 10o 12% ' 24% Dec Year 1946 t per share 102 Iron 34 VA 12% *34 101 246,700 - 21% Dec No par preferred series A series 3.60 share 100 Phillips Jones Corp 5% 60 ; 55% — 99% 2,100 90 per Lowest —100 Philip Morris & Co Ltd 4% preferred— ' ' ■ 101 101 38% *88'A 34% *33% 100 54% 94 *90 37% lt No par common preferred preferred 3.8% . 130 2o 2o% Co Phila & Reading Coal & Philco Com common 5,307 31% Electric 4.4% \ ' Range Since January 1 Lowest Highest $1 preference common 115 103 \ .'V;. Phlla 1,500 *114 14 Range for Previous STOCK Par *102 14 Va YORK EXCHANGE Shores 21% 24'A 25 NEW 115 102%" 14'A *87 89 *87 89 the Week 22% 25 25% *25 Sales for Dec. 5 $ per share $ per share 103 14'A * STOCKS Friday Dec .4 Thursday 23 STOC - Dec. S 22% 22% . YORK PRICES Wednesday 1 per share $ per share 22% SALE Tuesday Dec. 1 Saturday 1 \ HIGH AND (2327) v.;.rU.V» V* - Dec 31 Sep 17% 63% Feb 71% Apr 67 May 105% May 41 July Oct 30% Jun Sep 108 Sep 114% Aug 115% Jan 126 Jan 119% Jun 150 112 Nov 117% Feb Sep 69% Jan 103 47% 139% May 19% Feb Jan 28% May 115% Jun 100 106 % Oct 6 109% Jan 17 107 Oct No par 24'A Dec 3 36% Feb 4 30 Sep 38% Mar 14 24% Nov 24 19JA Feb 25% Aug 20 Feb R 9% 9% 10 9% 10 VB 70 70% 69% 70 % 10% 10% 9% 71 *69% 10% 10% 10% 10% 9% 10% 9% 9% 8% 9% 53,600 *95% 96 % *95 Va 96 Va x95 % 95 % 95 Va 95% 60 9% 10 70 9% 70'A 70 9% 70 $3.50 conv *95 96% *33% 35 % 33 33 33'/a 33 % 32 Va 32 % *31% 33'A 32% 32% 700 29% 29 % 29% 30 30% 30% 29% 30% 29% 30'A 29 30% 7,900 Rayonier Inc 36% 36% 36 % 36% 36% 36% 36 % 36 % 36'A 96 Va 17% 17'A *44 45% *44 % 36 *34 36 *13 13% *100% 13% 105 13 101 17% 36 1,700 17% 17% 17% *17% 17% 17% 17% 1,300 45% *44% 45'A *44% 45'A *44% 45'A 100 *33% 35 100 13 400 36 *34 13% 13 Va 13% 108 xl2% 13 35% 17% 45% 45:% *33% *101 12% 108 35 35 *34 35% *13 14 *13 13% *101 108 *101 13 108 101'A 101 'A 12% 12% 12% 12% 1,300 12% 13 12% 12% *12% 13% 500 24% 24 3 4 24% 24% 4% 12% 13% 15 *13% 13% *24% 15 25% *24% 25% 25% 11% 11% 11% 11% *11% 12 11 % 11% 65 65 65 *64% 66 64% 64 % 13% 14 % 14% 14 Va 14% 13 Vt 13% 96 96 *95 »/3 97 Va 97% *95% 97% 32 Va 32% 32% 32% 32% 31% •65 14 *95% 32 LOW AND HIGH Saturday 1 Monday Tuesday Nov. 2 > .Dec. 1 SALE Dec. 3 Vf I share 7% 7% *4 per 8 8'A 4 4 % f share D«r 7% 4 4 11 11 11 11% 26% 26% 26% 26% 26% *107% 108% 108 34 108% *107% 20 100 100 19% 20 6% *102% 19% 101 % 6% 6% 6% 24% 25 103 20 101 % *100 6% 24% *11 25'/a 25% *102% 105 *102% 9% 912 9 % 9% 40% 40% 40'A 40% 40 % 10 11% * 8 4% per 7% 4 7% 4VB 9,900 Remington-Rand 200 3% 19% 100'A 6% 3% 9,200 10% 10% 108 Va 108% 108% 19% 19% 19% 100 100'/a 6% 100 6% 21,700 25% 4,100 105 *103% 105 *103% 10 *9 Va 10 9 105 % 40% 40'A 50 50 96 *95% 96 94% 94% 95% 95'/2 21% 22 22% 22 % 22 >A 21% 22 16% 16% 16% 16% 16% 16% 16% xl6 26 Vt *25% 26 VA *25% 22% 63 *17% 41% 10 *ro 91 62 61 18 18 VA xl8 18 *18 42% 42% 8 31 7% 31 9% 9% 90 90 *90 20% 20% 20% 112% 111% 111% 9% 9'A 9% 9% 20% 111 9% 42% 90 20% 111 43 43 41 41 % 40'A *96 96% 96% 96% *96 *96 96% 96% *96 13% 13% *90 ; < i • : %• % | ;• i!': 2,400 Rheem *25% 6 *5% 19% 19% 22 22 500 61 61 61 1,300 18'A 18 18'A i 800 4,900 90 90 20% 20% 111 112 97 *96 96% *95% 30 29'A 30 4,800 9% 9% 9% 12,900 90 Vt 89% 89% 220 20% 6,700 20% x20 112 *111 112 360 8% 9 4,400 33 31% 33 24,800 40% 41 41 42% 42% 900 97 96'A 96'A 96 96'A 110 96 *96% 13% 13% 13% 93 90 x9 90 13% *87 9% 96 *95 V4 96 13% 14 13% 91 *83 14% 14% 14'A 14% 14'A 14% 13% 47% *46'A 47% 47 47% 46% 46% 17% 17% *17% 18 *17% 17% 17% 34% 34 34 % 17% 34 34% 34 *33% 34 33 20 14'/a 47% 18 Va 34 34 4,200 1,300 . 500 1,500 5% *5% 5% *5% 5% *5% 5% 5% 5% 37'% 37% 37% 5% 37% 300 37% 37% 37 Va 38 36% 37'A 36 Va 36% *11% 11% 11% 11% 11% 24,600 11% 11% 11% 11% 11 Va 11% 11% 2.800 7% i r 28% 7% 7% 11% 11%. *104 34% 29 ' 1 29% 35% ■ footnotes 11% *104 34% • For 7 11% 105 see page 26 7JA 11 Va 105 29% y - 29% 35% 35"% 100 Co 18"% Feb 108% Mar 1 15 99 Sep 12% Dec 11 4 14% Nov 20 y2 May '21 11 y2 Sep '4 29% Feb 13 12% Dec 63% Dec xl2% Dec 96 5 17% Feb 8 84% Feb 18 31 Apr 112% Feb 16% 5 17 Nov 12 102 24 y2 Jan 13 26% Dec Oct 45% Apr 27% May May 14% Nov 74 Dec 101 105% Aug 11 Jan 2 100 OCt 33% Oct 15 20 Oct Apr 34% July $ per share 4% May 19 Year 1946 Lowest $ per share S per share 7% Nov 24% Apr Dec 17% Feb Oct 21% 24% Oct 40% 107% Oct 118 Sep Sep 31% May 110 % Jan 15% Feb 4 13% 30% Feb 21 113% May 28 24% Feb 16 3% Dec 10% Nov 108% Dec 14 4 May 19 99'A Nov 13 110 3 Highest I per share 7 9% Jan 8% Feb 7 5 18 22V2Mayl9 , 18 97 Apr 7 6V2 Dec 3 11% Feb 8 9% Oct 19 % Jun 9 39 Jan 2 24% 124 Jan 28 105% Sep Sep preferred Feb Feb Apr 18% May 45% Jan 100 3.60% 90 May 27 1 9 May 19 16% Feb 12% Nov 28% Feb 10 36'/aMay20 44% Feb 36 % Sep 46% Jun 45 50 Feb 43 Feb 104 Feb 100 Nov series 100 1 Oil Corp No par Ritter Company NO'par Roan Antelope Copper Mines Ronson Art Co May 29 94% Dec 5 136 50% July 108% Feb 14 25% Feb 19 Dec 38 13% Jan 16 23%: May 16 17% Aug 12% Oct 31 25 Oct 19 Apr Jan Jun 10% Mar 31 Oct 2 (The) 9 20% May 44 Apr 13% Feb 18% Nov 7 20% Nov 24 1 Metal Wks Inc •Royal Typewriter Ruberoid Feb 26 16 % _2.50 Manufacturing Co Ruppert 33% NOV 4 Feb May 16 No par com 19% Sep 4 24% Oct 21 17 Oct 30% 42y2 May 19 68 % Oct 20 40% Sep 65 26% Feb 21 21% Oct May 34% Jan 64 No par (Jacob) 5 7 11% *104 28% •35% 5% 7 6% 11'A 104 % 11 29% 104 27'A 35% 34% : 7 6% 11 Va 10% 104 ' *102 28% l .27 35% 33 • 7 Joseph Lead 10 St L-San F Ry Co com v t c—No par Preferred series A 5% 100 St Regis Paper Co common 5 1st pfd 4.40% series A Safeway Stores common— 5% preferred Savage Arms Corp— Schenley Distillers Corp 5% Sep Feb Nov 28 Jun 9 65% Jan 2 5% May 19 12% Jan 18 6% Jun Scott Paper Co $3.4o cum Scranton 3.35% 27% 12% Dec 8 30% Dec 33 Dec Jun 30 12 Oct 22 89% Dec 5 22 Nov 9 x20 Dec 5 110'A Nov 18 98% July 24 26 % July 17 4 110% 7% May 19 23 % May 17 9% 55% Jan 2 No par 40'A Dec 3 49% Jan No par 96 Nov 21 96% Jan 3 103% Sep pfd—100 (The) common—5 13% Nov 28 18% Jan 1.75 cum cumulative preferred 100 90 Jun 26 102 % July 98% Mar Sep May 34% May 116 Mar Nov 18 Jan 53 Nov 100 7 42 Oct Aug July 2 100 9 61 Dec 110% Jun 95% Dec 102% Nov Sep Sep 37% Jan 20 3 24% Feb 13 17% Feb 13 42 v t c__No par 11 % May 19 preferred series A 100 39% May 17 55 17% Dec 19% Nov 24 Seaboard Finance Seaboard Oil Co com Co Seeger Refrigerator Co Seiberling Rubber Co Servel Inc $4.50 common preferred Shamrock Oil & Gas 2,300 Sharon Steel 1 of Del——_N0 par Seagrave Corp Sears Roebuck & CO— 5,700 34% Dec Aug 8 5 preferred Elec Co Sep 11% 33 11% Feb 5,500 10 5 100 common Seaboard Air Line 5% 100 45 2 May 19 40 18 114 % Mar 5,000 11 Va 103 Va St Scovill Mfg Co 3.65% 4,i0O 89 14% 47% 28-% y;; 2,100 11,800 14 34% •••>• l,l66 6 20 22% 18 Va 105 July 14 39 53% Jun 46% Jan lo Preferred 1,000 26'A 47% 7% 9 Va May 17 Oct 14 96 11 10 . Metals Richfield 14% 11% Oct 50c Common 6,400 18% *104 *:'m-'Iv- 36% 1 Reynolds Spring Reynolds (R J) Tob class B 16'A 47% *5% • 39 Feb Feb May Apr Range for Previous preferred convertible 21% *34 ft,, 5%% 94% *18% 14 6 Range Since January 1 Lowest Highest preferred 16 *46% * 5%% Reynolds 21 Va 7% 32% 43% 93 Nov STOCK Rexall Drug Inc 94% 42% 33% *41% 13 % 33 Republic Steel Corp com No par 6% conv prior pfd series A 100 Revere Copper & Brass com—No par 16% 7% 9% 33% 93 convertible 21% 41% •9% 34% *96 $1 95 7% 9% 33% 13% Nov Sep Sep 1 Republic Aviation Corp Republic Pictures common 360 42% 10 9% 7,000 51 7% 9% 20% 1,900 41% 29% 111 9% 7% 30 91 14 16% Par 100 42% 7% 29% 10 38 % Feb 32% 9 Apr S 41% 33% 94 *21 Vt 8 Vb 33 13% 22 31 % 33 *93 20 18% 20-% 32% 20 >/8 22 62 112% <, 5% 22% 9% 10 *19% 6 63 7% 30 20% *5% 62% 30 % 7% 7% 30 20 *22 6 21% 63 63 41 % 41% 20 % *22 18% 6 22% 20 20 22% *25% 6 % *94 102 40% 40 *50 26'A *17% • 9% 40% 49 VA 63 :% 100% 9% 40% 26 33 40 EXCHANGE 70 6% 23 Va 49 Va 6 Va 100 6% 40% *25% 5,500 25% 50 20 ♦ *98 300 19% 6% 49% 6% 108% 19% 25% 16% '• *106 29,900 26 50 26% 49% Sep 22% July 25 48% July 25 25 NEW YORK 900 26 21% •• 3% 5,500 24% *49% *6 Dec 17% 3 50c common Shares 7% 7 4 *95 < 1 per share 11 *10% 50 *25% the Week 25% 26 32 19 Mar No par No par 100 Reliance Mfg Co common Conv pfd 3%% series Sales for Dec. 5 7% *49% % Friday 26'A 11 26% *107 10 41 5 $4.50 preferred Reo Motors Inc 25% 11 6% 13% *95 % I per share 7% 26 Va 101 'A xl.2% 97% Thursday share 11 % 20 13% Dec. 4 26% 10G'% 100 2,700 Feb 31% Nov 16% May 17 10 Reliable Stores Corp 400 30% 100% 96% Mar Co— 1,600 98 35 y2 Jun 41 STOCKS Wednesday S & PRICES Dec. 3 share (Robt) 11% 30 112% 105% Mar 1 5o $1.25 div prior pfd 24'A 31% Dec 100 63% 97% *31 28% 50c 11% 65 Oct 50 Preferred Jan Dec 15% 50 Reeves Bros Inc 19 76% 2 95'A Nov 26 „25 ; 1st '63% 11% 63 VB 13 "A 32 24 Nov 4 15% Jan 28% May 19 17% May 19 1 preferred 4% non-cum 2nd preferred Real Silk Hosiery common Reis *13% *24% non-cum 9 80% Feb 5 100 common 7 22 8% Dec No par pfd Raybestos Manhattan 20 12% 12% 12% 36% Ralston Purina Co 3%% 10% Feb 69'A Oct 1 $2 preferred Reading Co common 17 y8 *95% 7% May 19 1st preferred—_No par Radio-Keith-Orpheum Corp 5 5 23 Mar 8 5% May 1.7 No par 30% May 19 5 1 1 No par 1 No par Oct 10 6% Dec 4 11 10% May 19 101% Nov 20 20% Apr 15 24% May 19 « 23~ 77% Feb Oct" 35% Oct 23 10% Feb 6 6% Nov 17% Feb 40% July 14 16% Feb 8 35 % Nov 49% Apr 10% Nov 23% May 22% July 16% Feb 11 16% Feb 110 Jan 3 7 13% 12% 105 Nov ; Oct Dec 30% Nov 21 17% Oct 40% Oct 23% Oct 20 39% 24% Apr Jan 113% May 32% Apr e 40 % Feb • ,. . ... r1l v. ; 12 bs;*J i#*M>piui 11 24 THE-COMMERCIAL (2328) NEW Saturday Tuesday Monday Nov. 3!) Dec. 1 S share per 23% $ per 24'/4 78 *76 78 16 16 16 16 13 12% 12% 301/2 30% 30% 30 3 *6% 4 7 7 4% 41/4 *36% 37 % *42 Va 43% 15 23 15 15% 2,400 400 *12% ) 3 12 3 8 12% 31% x29% 30 29% 30 26 30 7 6 7/Ji 7 4% 4% 37% x35% 43% *421/4 43% 6% 4% 4',4 36 % 43% 36 4 10,300 4,000 7 6% Par $3.50 (W 23 Jan 3 82 Feb 19 77 Jan 91 '/a May Dec 4 21% Feb 18 17% Sep 26% Apr 1 121 JlUl 20 ceo xo 27% Feb 43% Jun 17 % July 17 8 Jan 7 Simonds Saw & Steel No par 39 51 Feb 21 Sinclair Oil Corp No par 14 41% 41% 200 Oct 20% Jan 651/2 271% Feb 10 Smith (A) & Sons Carpet Co com__20 3%% cumulative preferred-—100 38 May 20 62% Oct 20 42 Oct 91 Jan 291/2 May 19 39% Oct 28 35% Nov 35% May 94 Nov 21 102 Va Jun 30 99 Dec 108 July Smith & Corona Typewriter 24 Dec 1 35 % Jan 6 29% Sep 48 May July 11 13% Oct 18% Skelly 20 20 19 % 1,400 Sloss-Sheffield 56% 54'% 54% *54 55 1,600 Smith 37% 36% 37 36 36 1,100 37% *94 96 *94 96 26 24 24 16% 16% 4 *6 . *17% 44 36% 16 % 6% 42 36% 96 *94 96 941/2 94% *94 24% 24% 16% 16% 37V8 *94 *24% 25% 24% 24% 17% 17% 17% 441/4 44% 44% 40% 401/8 40% 401/4 27% 28 28 28 "4 23% 231/4 23% 231/2 16 % 16% 3% 3% 3% 5% 6 % 95% 24 % 241% 3,200 5% 5% 44% 44% 500 16% 17 16 % 16% 4,300 Southeastern 45 2,000 South Porto Rico Sugar com.-No par 5% 17% 16% 17% 42% 45 40 % 40% 40 % 28% 281% 281/2 29 29 29 28 28% 2,400 231/2 23% 231% 23 % 23% 23 % 23% 23% 4,100 Southern Natural 13,600 Southern Pacific Co 5,500 Southern Railway 44% 45% 44% *40% 41% *40% 41% 8 42% 42% 42 43 33% 33 % 34 34% 34% 34% 33% 341/4 33 % 33% 33 33% 58% 58 591/2 17% *17 17% 5 5 5 5 8% 8% 8 % 8 % 58% 75 *71 75 16% *16% 17 16 16 4% 5 4% 58 % *71 16% 17% *8 8 75 4% *71 75 17 59 3 58% 59% *71 *17 4% 4% 9 *8 9 — 1,100 4% *8 75 *73 1,800 *73 2,900 8 % 4% 9 *8 300 200 30 75 3% preferred Southern 5% 75 75 75 75 75 29% 30% 30 30 29% 29% 29 29% 28'% 28% 1,300 22% 23 % 23 % 23 % 22% 23 '/a 22% 23 22% 22% 10,600 Sperry 9% Corp 10% 10% 10% 10% 10% 10% 12,300 Spiegel 73% 73 3 73 % 74 73 73% *73 73 % 73 73 % 72 % 73 370 Conv 18 18 18 % 18% 18 18% 17% 18 % 171/4 18 4,900 291/4 2,900 100% 190 *17% 29 4 17% 29 *99% 25 100% 25% *90% 92 29 29 29 99% 100% 100% 25% 24% 25Va 90% 90% 10''2 29 % 29 29 100 91 25 *90% 10 % 101 V; *100% 9% 9 10 29 29 7 *100% 101% s 29 100% 24% 23% 23% 23% 90 24 *88% 24 89 89 88 88'% 1,000 21,500 21% 20% 23 % 22% 23 22% 22% 21 "2 22 20% 21% 17,000 *92% 95 94 94 93 93 92 921,-2 90% 901% 90 90% 800 *102% 103 102% 102 % 99 101% 20% 104 103 2,100 1 1 Inc common $4.50 preferred 2 No par Square D Cc 5 . Squibb (E R) & Sons common 1 $4 preferred No par Standard $3.50 Erands com No par . preferred- cum Standard Inc No par E Co $4 G & pref .No par $6 prior preferred No par $7 prior preferred No par Gil of California...No par 1021% 103% 60 - No par 60 Va 60 Va 60% 60% 61 60% 61 601 60% 59% 60% 10,200 Standard 39% 39% 39 Va 39% 39% 39% 39 39% 39 % 39 3 a 39 39% 13,800 Standard Oil of 75% 75 7 a 75% 20,900 Standard Oil of New 26% 26% 26% 10,000 Standard Oil of 103 Va 103 3 4 74% 75 74% 75% 75% 75% 75 3 4 76 26% 26% 26% 27% 27 271/4 26% 27 e 98% *97 74% 26% 98% *97 100 2,800 99% *98 13% *42 *40 *97% 98% *97% 98 3., 98 98 13% 13% 13% 13% 13% 13% 13% 13% 13 % 12% 13% 43% *41% 43% *41% 431/4 42 *41 42 43% *42 42 Va *41 *14% 14% 36/8 36% *93 95 *31 43% *42 43% 43 *42 44 14% 14% 361/8 36% 95 *93 12 191/2 10% *105 *54% *120 9% 34% 14% 14% *13% 36 Va 36% 35% 36 94 Va 94 '/a 94 94 31%* 31% 31 31% 2,300 14% 14% 14% 14% 1,700 19% *18% 18 7 8 2,100 20% *20% 20% 20% 20 J/4 20'/4 19% 19 3 4 200 I2V4 12% 12% 121% 12% Hi/2 12 11% Hi/2 5,800 19% 19% 11 Va 10% *105 105% 54'/2 118 54% 120 9% 10% *118 34%- 54 % 19% 54 119 351/4 35% 35% 9% 9% 9% 9 % 9% 20% 20% 20 % 20% 129% I291/4 128% 18% 19 19,800 10% 2,900 105'% 100 53% 53 % 53 % 3,300 9% 9% 35% 35% 351/4 35% 9% Sunray *122 18% 40% 19 Oil Corp 1 12.50 Mining Co _ Corp 170 5 3% 2,100 LOW Monday Nov. 2!) AND Dec. 1 HIGH Tuesday 8ALE S per share I per share Friday 116 Mar Nov 55 May Aug 14 98% Dec 99 Va 102 2 20% Oct 18 70 Oct 135 Y2 NEW the Week Corp YORK par 1 Feb 19 78 Oct 149% Apr July 24 42Va Feb 59% Aug 44 % July 21 37 Feb 49% May 61% Nov 80 July 24 31% Auf* 19 JL-. 29 17 % Feo 11 105 1041% Mar 36% Oct 2 2 5 20% Mar 100% Dec 78% May 30 108% July Jan 11 Oct 25 Feb 37% Nov 56 Jun 37 Sep 53% Jun 26% Aug 16 Va Oct 411/2 Jan 1021/4 Oct 109% Aug 26% May 39% May 63 May 15 Feb 17 25 '/a Feb 11 117 Oct 21 11 12% Sep 18 7% 32% May 27 45 Va Jan 2 7% Jan 101% Jan 13 May 19 125 Apr Oct Feb Apr 38% July 24 % May 110 78% May Jun 124% Aug 14 May 56% Aug 42 'A Sep 6 10% Oct 24 24 % Oct 14 17% Oct 35% May Oct 23 13% Mar 132 Oct 160 7 19% Nov 23 5 24 V4 Feb 102 Apr May Dec May 19 14% Jan 2 47 38 Jan 55% Apr 21% Oct 31 13% Sep 21 Aug 30% Jun 9 37% Jan 28 31 Mar 5 27»/4 Jan 2 Dec 5 28% Feb 13 90% Dec 5 xl9 5% May 19 104 »/4 Mar 11 10 y2 Feb 1 Sep 41 y8 Feb 25% Nov 36% Jan 19 Va 41 101 7% Nov Nov Nov Feb 109% Aug 16% Jan Range for Previous STOCK Year 1946 Range Since January 1 EXCHANGE Lowest Lowest Par Shares I per share Dec Apr 63 125 Jan 10 13 No par Gould May 60% May 36% Jan 114% Feb Jan 36 4.16% 25 preferred Sales for Dec. 5 Dec. 4 I per share 55 Oct 34% STOCKS Thursday Dec. 3 I per share (The). Co PRICES Wednesday Dec. 2 $4 Feb 107% 6 45V2 Jan 21%. Dec Paper Co Symington 33% 11 37»/2 Jan 18 Jan 10 Sylvania Elcc Prod Inc com__No 90% Saturday 25 Swift International Ltd 5% 2 1121/2 Feb 49 May 19 16 5o Swiit & 90% Apr 14 8% May 19 5,800 5% 24% Oct 17% May 20 5,400 91% Sep 47 10c 3,600 5% 15% 7 No par 20'/a 5% 5 118 21% 5% 18% Feb 100 cumi Steel 5% I per share (4%% 33% *92 Apr Sep 21% 6 Apr 109% Sep Superior 91% 92% 5% 39% Sep Nov Sweets Co of America 5% *92 Nov 61% Sutherland 92% 6 14 Va 84% 12% 200 92 92% 7 4 Feb 26 Jan 17% Feb 49 5 40% 90 % Feb 103% 600 92% 5% July 3 33% xl9 104 Dec 13 15 17 300 20% Sep 18% 24% Oct 15% Feb 17 34 y8 92 93% Jan Apr Jan 31% July 14 75% Mar 24 19 21% May 109 % Apr 39 20Va 27 July 28 19 21% 13% Nov May 26 17 33 34 Oct 11 Va 51 *39 21% 5% 7 No par 19 34% 8 10% May 19 17% 20% 7% Feb 14% Jan 105 1 39% 21% *92 1 *18 34 % 30% No par *39 20% 30% Nov Nov 4 3 Nov 25 94 Feb 16% 20% Feb 23 19 34% 41% Jun 96 23% 18 21 3 Nov 20 10% May 19 98 Oct Oct 40 22 Mar 17 63 23% Jan 73 Oct 18 20% 37 % May 19 Aug 26 18% *18 »/2 34 Va 89 May 17 50% Mar 11 Jun 81 14% *39 21% May 17 Jun 90% 3 California..... 21 17% May 16 81 65 Oct 10% May 19 Oil 22 19 20 19 8 10 4 5 Sep 64% Jan Superior 34% 19 10 8 19 33 8 Oct 1,300 33% May 19 May Nov Sep May May May 13% May 27 Nov 99 Nov 23% Dec 88 Dec 2 Feb Dec (The) 22 10 Jun 50% Jan 77 13% Superheater Co 20% 28 39% July 21 Sunshine 21% 70 2014 Sunshine Eiscuits Inc 20% 33% 33% Mav Oct 7 2,800 20% Jan 3 3,200 "2 Sep 22% 38'A Mil) 8 19 17% 30 <5 < 191/2 Feb 40 18% 7 4 4 24% Oct 40 *18 34% Jan 28% Feb 19 21% Jan common common of 26 July 29 22 14% May 19 19% Jun 3 (The) Corp pfd 27% Nov 34 »/2 Apr 13% May 17 8,000 21% 33% A Feb 20 20 8% 19 "4 127 Class 18,300 Co 59% -1 127 9% 20% 91/8 20 Sun Oil Sep 5 $4.50 series A preferred 120 118 118 Chemical 48% 7 56 No par Studebakev Corp Sun IP May 20 Webster & Stone Dec Jan 41% Nov ?9 35% Dec Camp Inc common prior preferred 5% Nov 40% Nov ]? *18 18% 401% *18 19% 10% 9% 127 129 128 18% 105% 9% 10 20% 129 4 11 119'% *117 118 9% *105 53% 54 118 10 35V4 105% 19 3 105% 19V4 10% 11 11 *105 9% 35% 19% 10% 105% 53% 10 12 2OV4 19% *105 *20% Nov 83 22% 5 Stokley-Van *20% 9 Dec May 17 15 8% May Dec Dec 37 Inc & Co P) Sep 7% 20% .No par Stewart-Warner Corp 18% (J 4% 9 62% 1 . 100 19% 9% 40% 50 preferred 15 20% *18% 31/2% 31% 9% *17% — Sterchi Bros Stores Inc 19 20% *39% 100 1 Sterling Drug Inc common 200 14% 9% 130 common L S 31 V4 20% 129% (The) Co Starrett 19% 12 % 34% —10 preferred 15 20 34 10 convertible 31% 19 3 120% 600 5,200 25 . common Spring 19% 31% 15 19% 55% 14% 35% 95 Steel 14 % 31% 15 10% 200 Jersey Ohio 4 31 1/4 19% 14% 35% *94 Standard 4% 25 preferred series A Stevens 19% 1051/2 4 95 41 41 14 % 14 % % 15 *201/4 42 36 3 14 36 *93 31% 15 *19% *42 3%% Indiana a 8% Jan 7 May 17 Sons Jun 5% Feb 9 15 4% 6 75 23% 16% 8 71% (The* Jun 22% Jan Nov 1 Jan 54 V2' Apr 68 1 15 26 100 tr ctfs .No par & Nov 17 3 14% May 2b 31"! May 19 May 19 57% May 19 & Bros Inc Kellogg Spencer 42 100 Co common preferred $5.50 75 23 oar common—No par Withington Sparks 30 7.50 No preferred (A G) Spear & 22% 25 Co Gas & Ohio stock Spalding 29% 25 Edison California Mobile 5 (newt non-cum *73% *73% 50 Greyhound Lines 45 43 3 75 preferred 17% 42% 59% 5% 16% Jtiiy 23 101 % Nov 31/2 May 20 5% Oct 6 & Platinum 44% *40 1 South Carolina E & G Co coni-_7.50 43% 59% 15 Socony Vacuum Oil Co Inc 44 5% May 19 13% Mar 14 South Amer Gold 43 % *71 No par 3,700 43'% 73 Corp___ 3% 3% 42% 58V2 Ol (A Steel & Iron 33,600 42 % 58% Co 16% 16 42% *70% 10 500.. Oil 42 5% 42 *41% 42 *41% 42 16I/2 3% 4 5% 6 '/8 6 *401/4 16% 16i% 3% 3% 4 *40% 36% Feb Jun May Sep 2,800 *36% 61 14 * 23,300 *24% Jan 54 15 % 94 % 19 "2 35 38% 22 151/8 931,4 19% 14% 56% Oct 15% 94 55 Oct 23 15 % 94 19% Dec Nov 5% Mar 15 15% 94% 20 *54 22 8 33 May 20 15 % 94%. 55% Apr 14 15 15% 96 *19% Apr 65 15% 95 55 4 15 15% 95 20% 5 39% May 20 15% 55. 6% May 19 July 17 9% Feb 94V2 *19% 34 6% Feb 15% 56 241/4 May 19 41 95 % 20 1 Coalition Mines 15% 20 15 r Co 95% *54 Co Pen 271/2 May 19 Simmons 43% *42 6 Jun Oil Silver King 2,700 Highest $ ner share May 19 33% Jan No par 5,000 35 Va 4 $ per share 75 Corp of America Sheraton 4% 33i% 4 $ per share 15 G) A) Union Shell . No par (Frank Sheafter $ per share common No par pre! series A-_.No par conv Shattuek Year 1946 Lowest Highest 18 & Dohme Sharpe 35% 4 35% 43 3 6% 3,700 100 78 13 4% *42% 77% 15 *12% 7 7 23 % 23 77% *76 Lowest EXCHANGE Shares $ per share 22% 8 Range for Previous Range Since January 1 STOCK YORK NEW Sales for the Week 13 37% 4% 37 $ per share Friday 78 15 3 RECORD STOCK 23% 15% 15'/2 15 % Monday, December 8, 1947 STOCKS Dec. 4 share *76 78 *76 per 23% 23% *12% 30% t YORK CHRONICLE FINANCIAL Dec. 5 Thursday Dec. 3 share 23% *23% *76 *12% SALE PRICES Wednesday Dec. 2 S per share 23 HIGH AND LOW & Highest $ per share $ per share I per share Highest S per share T *11% 11 "4 11% 11% 4V2 *4 1/2 4% 41/2 4% 18% 18% xl7% 17% 17% 17% 17% 17% 17 17 16% 17 57% 58 58 58 58% x56% 57% 56% 57 551/2 56% 21,100 Texas 57s,a 4% 9 10 5 5 (The) 25 3% May 16 13 % May 20 53% Sep 26 Telautograph 11% 4% 11% Corp Talcott 800 *11% 4% *4% (James) 700 4% 11% *11 Inc 11% *111/8 4% 11 4% 2,400 Tennessee Co Corp May 16 11% Jan 7% Jan 9 6% Dec 13 Jan 20 % Aug 15 14% Sep 25% Jun 52 Feb 68% Aug 14 Feb 17 68% Julv 28 17% July 28 9% Mar 19y»May 18 July 15% 15% 15% 15% 15% 16 % 15% 15% 15% 15% 15 % 15% 4,500 Texas Gulf Producing *56% 57% 56% 5 7'/a 56% 57 56% 56 3 56% 57 56 3 56% 2,700 Texas Gulf Sulphur 58'% Nov 21 46% Sep 60% 42 42 J/8 42% 43 41% 42% 40% 42 41 42 4,000 Texas Pacific Oil No par 10 46% May 27 42 21% Jan 13 45 '/a Nov 24 21 Oct 32% 27% 28 28 27% 28% 27 % 27% 27 % 27% 26% 271/a 14,500 Texas pacific Land Trust 1 15% Jan 16 29 % Nov 5 14V0 Oct 26% May *49 49% *49 49% 49 49 49 49 49 49 48 49 2,200 Texas & 58% Feb 18 35 Sep 65 *14 14 Va 13% 1,600 *47% 49 42 271% *14% 15% 14 14 *48 49 *14% *9% 10 49 *48 *9% 10% 9% 23 23 % 48 15% 10 49 *13% 23 Va 10 *14% 14 48 15% 13% 4 a 13% 13 13% *47 47:% 47 47 *45% 47 20 * 15 14% 14% *131/2 15 100 14% 12'% 10 10 10 9% 9% 48 48 48 48 *46% 48 % 80 10 10 9 % 9% 1,800 Third 23% 23 23'/a x21% 22 2,100 Thomas Steel Co 10% 10'8 *10i/8 10 23 J/8 23% 10% 10'/a *10% 10 % 10% 10% 47 48'4 47% 48% 47% 47% 47% 48 47 47 % *93 96 *93 95% 93 93 93 93 92 93 92 92 3% 3% 29 % 29 V2 29'% 21% 21% 21% 22'4 *97% 981/2 9 7 '/2 4 97% 3% *28 22% 4 Va 23% 3% 23 3 8 4 3% *26% 29% 28 28 22 % 22% 22% 21% 28 22% 200 21% 22% 11,600 6% 24 24 % 22% 24 22% 22-% 35 35 35 35% 35 35 *32% 32% 32 32'4 321/4 32 % 32 % 15 '/a 151/a 14% 15% 151/2 16 15 % *7% Nov 112 71 33% 6% 79,300 5% May 19 7% Feb 7 Oct 12% 101% 60 112% Feb 20 2.300 22 3 s 26,400 35% 600 12% 951/4 98 8% *7% 95% 400 500 8 Transue 32 15'2 15'/4 15% 12 12% preferred $6 No par Feb 21% Feb 4 16% Oct 26% Jun 20 38% Oct 66% Jan 1 No par Corp 108% Feb 53% Oct common preferred Truax-Traer 5 15% May 19 40% May 13 & Williams Steel-—No par Corp x95%Dec 5 No par Axle Bearing Tri-Continental No par new 99 Dec 5 12 % Dec 5 15% Nov 21% Dec 5 38% Jan 5% 105 Sep ,21% May 114 Jan Feb Jan Mar 37% Oct No par 34% Aug 21 48 Jan 6 46% Nov preferred—, No par Twin City Rap Transif com__No par 5% conv prior preferred 50 95% Dec 5 7% May 13 104 Jun 27 102% Dec 16 Feb 11 11% Oct 24 Apr Nov 20 51% Feb 18 43% Dec 71% Apr 1 9% May 19 17'/4 Oct 14 11 y8 Nov 26% Jan 1 No par 12% July 2 43% May 19 58% Feb 7 49 Sep 80% May 5 9% May 17 15% Jan 25 12 Nov 23% No par 25% May 19 37% Oct 16 23 Jan 39 May % Dec 3 Apr 20th Century Fox Film com__No par $1.50 preferred $4.50 31% 32% 32 Jan 24 13 3 8 21% *34% 13% 24 % *95% 24 99% 6% 99 35 % 8 Apr 17% Nov Dec 103 % 95% Jan 24 y8 20 Oct 103 % 8 68 Dec *103% 102 Jun 13% Oct 13% 105% 95% 112% Oct 14 103% 8 Oct 25% Oct 32 18% 6% 8 5% 1 fl 6% 8% 102 3 3 6% 8% Mar 10 7V4 Feb 39 % Feu 24 6% 8'A 106 201/4 Nov 6% 8% 21% May 69% Jun 15% Jan 6% 97% Oct 22% .Tan 18 *95% Oct May 13 18 95% 18 V* 14% 38% 21 14 18% 95% May 19 Dec 11 30 24% Oct 10% May 17 18% 98% 18 16 16% Feb 59 Va Jan 13% May 17 18% *95% No par Tide Water Associated Oil com —lo 4 15 19 4 17 19 Sep May Doc May May 2 18% 13 "2 Co $3.50 cum preferred 16% Jan 10 38 92 3% 20 5 18% '14% 100 com__No par preferred Thompson-Starrett 25 No par JTransamerica Corp 18'/a 14 Nov 1 com Transcont'l & Western Air Inc 18% 15 Jun 700 14% *14% Feb 20% 2,300 13% 15 Va 141/a 70 Oct 18% 13% 151/a 141% Oct 9% 181/4 13% 15% 24 % Sep 48 5 3,000 14% 15% *35 10 15 14% Feb 6,100 14 14% 13 60% Feb 15% 501% 141/4 15% 24% 13% Feb 6% Aug 21 (The) (J R) Products Feb 9% May 19 47'/a Nov 28 preferred Transit 17% 1 50 Corp.-Nopar common conv 13% 52 14% 15% 36 30 Vt May 51% 52% 141/4 14 18 Sep 61% July Sep Roller 15% 24% Sep 15 Detroit 13% *35 Sep 47 13 $3.75 15% 19 *99 13% 13 17% Feb Timken 15 % 95% 181/2 104 18 59% Feb Timken 14 104 21% Feb 4 May 19 12% Dec Dec 670 15% 10(5 5 47 4,500 13% 951/2 19 Jun May 12 5 18"?'8 18% 51 "2 97 Jun No par 95 % 19 6% Jan 13 18% 971/2 19 51% '6% 4% 41 13 X951/4 97 % 18% 51% 6% 130 1,900 18% *18 2,400 28.% 51 51% Thompson Thompson 3% 18"% 51% div Avenue 500 3% 51 *96 % *26% 3% *50% 18 Co xlO 101/2 3% Thennoid 10 $2% 10% Jan No par $2.40 conv preferred 10 1,300 100 Co Thatcher Glass Mfg Co common 50 9% 1 The Fair *48 9% & Ry 10 10 48 *28 Pacific 10 49% 48 *10% Coal 31% 410 14% 151/a 3,100 Twin 12 12 1,700 Udylite prior Coach Co 30 6 63% May 79 106% May Jan U 12 % 12 % 12% 12% 12% 12% I2V4 12% 53 53 % 54 53% 53 % 52% 52% 51% 50 51 "2 2,800 Underwood 12 Va 52 % 12 V0 12% 12% 12 12% 12 12 11% 12 12 1,900 Union Asbestos & Rubber Co 31 11% 31 SI 311/2 31 % 31% 29% 30% 28% 291/4 28% 29 % 18,900 % Irt 1/2 >7« % 93,700 *52 Ms 1 104% *110 104'/2 111 Va 1041% 104% 104% 104% 110 110% 110 110 , xl01% 110 183 >110 95 *90 95 *93% 95 *93% 95 *93% *92% 93% *93 94 92% 93 92% 92'i 23% 23% 23% 23% 24 23 % 23% 151 151 151 *99% 100 100 *34 .35 *34 For footnotes see 152'% 152 153 151% 1521% 100 100 100 100 100 35 34 35 - page 341% 26. 100 % 110 *93 J/4 23% 7 34% *92 23% 151 99% *33% 101% 111 % 94 96% *110 *90 100 8,400 Union (The) Corp Corp Bag & Paper '■ Rights Union Carbide & A Dec Carbon No par 4 89 % Jan 15 1 115 $3.70 series No par 99 Nov 1 106% Sep Preferred $3.50 series No par 91 Nov 13 Apr Apr 14 Un El Co of Mo pfd $4.50 ser__No par 93=14 92 92% 150 23 23 % 4,400 Union Oil of California 25 20 148% 151% 3,900 Union Pacif'c RR Co common___100 120 99% 99% 1,300 *33% 34 ''4 1,000 100 24% 4% Union non-cum Tank preferred Car: " 88 Sep 125 111 Jun 115y2 106 Feb 111 Oct 6 96 Dec 107% Jun Mar 31 Dec Preferred 120 104 24 % Jun Apr 30 110% July 11 110 94 111% 23% 152% 15% July 23 July 24 20% Nov 29 Jan May Feb 15 159 Nov 21 110 Oct 168% -—100. : .97%: Nov. 1.4 111 Feb 26 102% Oct 120% Mar No par 30 38% Feb 10 May 21 32 Sep 42% Jan Volume 166 Number 4653 THE COMMERCIAL NEW LOW AND HIGH Saturday Monday Tuesday Nov. 29 .Dec. 1 SALE Dec. -3 t share 22% per 22 % 106 share $ per 22 Va ,106 t per 23 23 Va 105% 105% *105% 22% the Week 22% * 106 $ per share 22 22% 22% 104 Va 105 Va 17% 11 Va 17% 17-% 16% 17% 16 16% 15 % 16% 94% 94% 94% .94% 94% 94 Va 94 Va 90% 94 87% 89 21% 21% 22% 21% 22 Va 21% 21% 21% 21% 21 % 22'A 31 31% 31'A 31% 31% 31% 31% 31% 30 Va 31% 2,300 31% *30'/a *30% *31 % 33 4% 31% 30% 4 4 % 4 4 % 57% *55 56% 2% 2% 2% 42% 42% 42% 41 Va 2% 2% 2% 42 »A 42% 42% 6 6 6 * 6 6 6 Va Va 67% 67% 67% 67% 68 68 68 18 18% 18% 18 % 18% 18 18 40 * 30% 2% 2% 42 6 68 18 *39 31% 2 Va 6 5% 5% 67 % 69% *67 V4 18% 17% $3 preference United 60 69% Dyewood 40 40 38% 38% 38% 38% 38% 38% 700 55% 55 'A 55% 55 55% 54% 55 Va 54 54% 52% 54% 13,900 20 % 20% 20 Va 20 Va 20% 20% 20% 20 % 20% 20% 20% 15% 16 Va 16 16% 15% 16 15%, 16 15% 15% 15'A 15% 10,500 16 16 15% 15% 16 16 15% 15% 15% 15% 14% 15 Va 2,000 United 21 21% 20% 21 20% 20% 4,900 U S & Foreign 95% 16% 95% 95% *16% 17 Va *88 20% 20% 93 21 91 91 21'A 94 21'/a 94 *91% 94 94 18 *16% 17% 16% 103 Va 104% xl03 104 100 103 *177% 180 180 180 104 105 105 105% 183 178 178% *178 16% *77 % 38% 16 Va 80 17.8% 179 *179 Va 15% 16 15 Va 79 *77'A *77'A 79 39% 39 7% *16% 16 15% 38% 7 % 18 *17% 39% 15% *15% 15% * *77% 77 Va *77'% 77% "11 Va 39 % 39% 38% 38% 39% 7% 7% 36 *34% 35 Va 35 35 34 21% 21% x207/s 21 '/a 21 21'A 20% *9% 9% 9% 9% *9% 9% 42% 42% 43 Va 40% 51 49 49 49 49 Va *29 *95% 43% 42 42 49% *49 29% 29% 98% 30% 30% 98 *95 44 43% 7% *9 30% *95 44'A 7% 43% *95 44% 128% 44 % 44% 44% 45 44 70 68 Va 69 68 >A 75 7 6 Va 75% 140 137% 138% 18% 18% 18'A 18% 41 V2 41% 41% 41% *5% 5% 5% 10 % 10 Va 9% *99 100% 6 6 % 137 100% *18 *65% 5% 172 *162 16% 16 67 4% 66 '/a *65% 170 16 41'A 42 68% 69 68 Va 69 75% 74% 75% 73 Va 75 Va 138'A 18% *40% 41% 41 % 41 % 5% 5% 5% 10% 9% 5% *36 *5% 5% 5% 6 39% *17 100 *35% *17 19% 4% 4% 98% 97 % *162 170 15% 65 % *102 15% 66 % 65 *162 170 15 Va % 15'A 65% 20% Sep 23 24% Jan 6 18% Oct 63% Aug 30% Apr 12% May 17 19% Feb 17 12% Oct 22 12 19% Feb 21 9% Sep Jan 16 15% May 19 91 Dec 1 12% May 19 86 May 19 Nov 6 14% Sep 11 178 23% Oct 20 15% Aug 15% July Oct 32% May Jan 28 101 Nov 109% July 20% Oct 18 13 Nov 107% Feb 11 93 Sep 132 Deo *205 106 196% Mar 29 187% 29% Feb May Sep 33% Jan 6 26 Feb 47% Feb 15 90 Sep 98% Aug 53 % Feb 13 37% Nov 9% Oct 22 39% Nov 5 38 Dec 5 l 16% Jan 22 24% Oct 24 10 9% Jan 7 10 Apr 6% Apr 62 May 137/a Jan 25 Sep Sep 44 Jan 13% Jan 25% Aug 9 Dec 11 Va July 10 46% Oct 20 35 Nov 60'A May 73 Feb 19 59 Sep 84 Apr Plywood Corp 39 Jan 2 36% Deo 39% Dec S S pfd cum Rubber Co 100 common-, 1st non-cum 10 preferred Steel 100 United Wall 200 6,900 320 4%%> 28 8 xl7% Nov 26 23 25 40% Nov Corp Oct 48% Nov 80 Apr 187 Feb 144 Nov 40% 84% Feb Sep 89 Feb Oct 97% Feb Oct X72 65 Va 142 Dec 19 20% Nov 29'A Jan 3 48% Feb 21 47 NOV 55 Va Jun 8% Oct 10 Sep 9% Jan 20% Apr Jan 13 8 Jan 13 12 % Feb 21 7% Oct 99 Dec 5 109 % Jun 18 100% Nov 2 Si's Dec 5 10% Jan 30 7 50 38% Nov 28 17 41 Sep Sep common 1 16 1 4% May 20 79% May 17 par 100 Co Inc 165 1 15 com preferred 100 Feb 166 Feb 5 l preferred Pictures 106 No par Paper Inc conv Mar 27 Sep 100 2d pfd__5 non-c preferred Universal Feb 79% Feb __No par preferred 11 51% July 28 81 150 Universal Laboratories Inc Universal Leaf Tobacco com__No 8% 137 Feb 165 2 Universal-Cvclops Steel Corp 160 5 103% July 24 60% .Feb ,11 Dec preferred cum 40% Dec 61% May 19 50 com common Stockyards conv 5 50 Corp non-cum $6 Dec 127% Dec 5 38 % May 17 68 May 19 100 Preferred 7% 95 No par Smelting Ref & Min S 2 23% May 19 common series A U S Tobacco Co 2,600 65% 65% Oct Dec 4% 15% 41 Va 5% May 19 25% Jan 3 Preferred 169 15 Jan 59% July 25 May 19 U 5,900 4 Va Feb 66 49 100 17% Aug 21% Deo 35 United Stores $4.20 96 105% Nov 34% 10 United 4 V2 96 Deo 20 U S 38 17 4% Sep Jan 56% July 16% Aug 2 43 % Jan 94 z 8% Apr 7% Oct 71 % Mar May 17% 12% Aug 26 No par 40 ,89 Oct 44 Jan 14. No par A__ preferred 3,700 5% 2 Deo 3% 10 Jan 19% Oct 77 common 2,800 5 % 98 Co 10% Feb 95 No par common class 99 *35 19 4% 9L% 66 G 39 Va Co conv 10 99 5 100 Oct 78 Jan Pipe ifc Foundry 8% 570 5 Va S U 4,100 41% Leather 3%% 3,000 18 % Corp Jan 64% Playing Card Coj._ 900 137% Machine 20 100 37% 119 Oct 6% 31 53% Mar 27 . 23% 8 10 Det) 19% Nov U 4,000 18% No par - 24 Jan 4 % Jan 5 Nov 101 U S 29,600 18 % 16'A 65 Va U "600 68 V2 138 S 4% 59 10,300 137% 98% *162 16 % 42 Va 127 Va 40 Va 127 Va No par —Nopar preferred U S Lines 7,500 18% 5 98% 43% Securities S Industrial Chemicals- 20 43% 41% 19 Va 99 95 137% 6 Va 19 >4 29% 95 128 *99 *17 28 'A 42 100 % 5% 30% Hoffman Partic & 300 41 Va *99 19% 172 42% *127 1001 a *99 49 *48% 97 Va 10 *17 16% 2,200 41 49 18'A 40 *162 41% 10'8 *36 5% 41 Va 10 6 Va *98% 400 10% 40 5 Va 6,500 9% 10'A *36 99 20 Va 9 % 5% 41 *5 % 19% 9% 137% 41 % *36 % 99 20% 5% 10 6 Va 75 Va 18% 41% 68 % U 800 *95 •43 Va * 1,700 29% 97 % 43 138 18 Va 5% *99 128% 7% 33% 41'A 128% 76 Va 74 % 128 Va 3,100 IVa 33% *48 31 S 4% % . 7% 9% 42 % 68 Va 74% *68% *139 129 U 1,500 35 Va 7% *34 21 128 Va 44% 129 15% 39 Va U 7% 34% % 30% 98 128 % Va 1 U S Gypsum Co common lr/o 'preferred 77 Va 38 par 10 preferred Freignt Co S 83 5 5% Dec 5 com Paperboard '$4.50 U 9% 49 *41 % 7% 15 Va 100 500 Dec Highest t per share 20 8% Feb 2% May 19 41 16 Va 5 Oct t per share 1 33 % Nov 66% Nov 25 r 19% 42 *35 United Merch & Mfrs Inc 2 34 4 11% May 20 33 May 17 44% Jan 14 -United Gas Improvement Co___13% 50 17% 102% Dec 5 3 55 Sep 120% Apr 24% Nov 26% Jan 15 Dec 14 28 % Apr 9 4 Oct 110 10 1 Engineering & Foundry United. Fruit Co_-A——No 13,400 181 17% 102% 18% Sep 28% Jun 5 ^United -3,600 25 5 —100 40% 20% Corp.- Preferred 55% . 87% Dec 5 United Electric Coal Cos 1,200 40 *20% 10 Cig-Whelan Stores com—30c $3.50 convertible preferred 100 United Corp common 1 700 18 10G common United 4,300 18% Inc United-Carr Fastener Corp___No par 46,100 41% 41 Lines Year 1940 Lowest $ per share 16% May 19 103 % Jan 15 15% Dec 5 5 par 410 4 Air $ per share 4%% cumulative preferred 100 United Biscuit Co— No par United Carbon Co _No 16,800 55 United 200 4% 59% 4% 59% 6 600 35,300 *57% 2% 4'A *57% 43 *5% 33 4 % 59% 2% 43 *31% 4% 59 2% 33 *31 Va *57% 4% 57 % 106 Range Since January 1 Highest Lowest United Aircraft Corp common 5% convertible preferred 2,100 31 21% 105 Va Range for Previous STOCK Par 3,200 17 YORK EXCHANGE 14,800 16% * NEW Shares 94% , (2329) RECORD Sales for Dec. 5 $ per share 23% *105% Friday 'Dec. 4 $ per share 106 STOCK CHRONICLE STOCKS Thursday Dec. 8 23% FINANCIAL PRICES Wednesday share YORK & May 17 May 20 52 Feb 22 Feb 7 11% Feb 4% 18% Jan .128 11% July 54 July 27 % Feb Dec 10 8 Dec 102 Va Sep 8 91 Nov 110% Jan 192 Mar 7 187 May 200 % Apr 25 Nov 497/a Jan 77% Deo Dec 5 29% Feb 3 65% Nov 17 81 Va Feb 13 22 Apr 101 Apr V 15% 15 "a 15 % *15% 16 % *15% lev's *15% 16% 16 16 *35 35% *35 35 % 34 Va 35 34 34 15 'A 15 15 15 15 15 16 15 13% 16 14% 16 Vanadium 1,300 14% 14% 14 Va 14% 3,100 27 Va 27'A 27 27'A 2,300 14% 14% 15 14% 14% *27 Va 28 % 28 28 Va *27% 28 27 27 Va *82 87 *82 87 *82 87 *82 % 87 *82 % 87 *62% 87 *85 90 *85 90 *85 90 *85 90 *85 90 *85 *95% 8% *104 14 48114 *98 97 9 14% *122 36 31% 14'A 14 % *115 % 116% *122 130 *35 % 36 V4 32 35% 32'a 961 14 * 33 95% 8% 9 *103% 104 14% 127 127 33 33 % *97 a 14 116 V a 35% 48 98 9 115 % 36'A 49 98 105 % 8% 104 Va 130 *122 31% *95 Va 9 % 114% 49 100 105 Va 104 Va 14 % 114% 49% *98 96% 9 * *49 100 *95 Va 9 % 105 Va 14 130 *35 49% *98 96 % 9 105 Va 115 48'a 100 *95 % 107 115 50 *48% 100 33% 14 49 700 10 97 9 "4 14% 116% 125 130 116 *125 10 9 Va 4,200 105 600 14% 12,300 116% 540 128 10 35% 35% 35% 35% 1,100 33 33% 32% 33 Va 1,800 35 *34 35 x34% 34% 34% 34% 34% 33 33 *32 33 *31% 32 % *31 % 32% *31% 32 Va *31% 33 *31% 33 *31% 33 *31% 32% 33' *31 Va 33 *31% 32 *31% 35 35 *34% LOW Monday Saturday Dec. Nov. 29 S per share $ per 35 AND HIGH Tuesday 1 Dec. share S per SALE $ per Friday Apr 20% Jan 2 15% Sep 26 V8 Feb 6 30 Oct 51% 94% Feb 20 83% Oct 113 Jan 13 91 Va Nov 115 Feb 50% Nov 22 53 May 3 84 Nov 25 preferred Victor Chemical Works 3% % cumulative lOo 5 common preferred 100 85V4 Nov 19 35% May 19 97 Oct 17 3%% preferred 2nd series 100 Va-Carolina Chemical com Nopar 6% div partic preferred 100 69 May 19 Virginia Elec & 14 Nov $5 Va Pwr Co com__No par preferred Iron Coal 100 6% 95% Nov 28 5% May 19 29 114% Dec 39 94 7 104% May 14 97% Oct 10% Nov 36 % 100 Dec. 5 $ per share $ per share 108 7/a Aug 21 19 5% Dec 12% Nov 19 63% Sep 99% July 16% Oct 23 112 ,117% Jan 1 121 Feb 5 Dec 123% pfd—100 85 Aug 25 127 Nov 21 80 Jan 105 Apr 25 35 Nov 28 45 Feb 21 40 Dec 53 July 25 31% Nov 28 Sep Visking Corp (The) class A Vulcan Detinning Co common 7% cumulative preferred NEW Apr common preferred the Week Sep Dec Jun May Coke 5% & Virginian Ry Co Sales for Dec. 4 share Apr 58% 41 40 Jan 17 37 Oct 10 38 Feb 17 32% Nov 20 31% Oct 21 33% Nov 20 30 Aug 21 33% Oct YORK Apr 21 31 5 31 STOCKS Thursday Dec. share 10 25% Dec 2.50 Vicks Shreve & Pacific Ry com__100 PRICES Wednesday i 900 Feb Oct Nov 27 2.50 Inc 5% ,.non-cum 100 *95% 102% 116% * 35% 95% V4 39 15 Ve 35 12% May 19 90 *98 17% NOV 15 Vick Chemical Co ; Co Co Feb 13 Vertientes-Cajnaguey Sugar Co—6% Raalte 14% Feb 22 Norman Van 14% 18% Feb IS1/* May 17 14% May 21 30 % May 17 Van 700 *33 Va America__No par 10 400 34% 14% *47% Corp of 16 34 *33% 45% Jan 52 Apr Range for Previous STOCK Range Since January 1 EXCHANGE Year 1946 Lowest Shares Par Highest $ per share $ per share Lowest $ per share Highest S per share W *63% * 15 *31% *102 20%. 65 *63 % 65 15% 15 1514 32 % 31%. 104 104 20%> 64 31 % *104 21'A 10 10 % 10 11% 11% 21% 10 % *11% 11% *91 92 *91 15% 31% 104 20% 64 15% % 31 %• 104% 21% 64% 31% 103 92 20% 10 % 10 11 % 12 11% *91 92 *63% 15% 15'A 32% 32 32 104 10% * 64% 15% *15 102 21 92 92 9% 11 *64% 15 *31% 102 20% 10% 11% 65 % *91 *101% 20% 20% 10% 10 12% 12 92 *90% 13% 13% 13% 13% 13% 13% 33 33 32% 32% 33 33 49 50% 48 Va 50% 50 50% 49% 50% 49% 49 % 48 126% 124'-a 125% *123% 124 % 120 21% 21% 123 *21% 19 Va 126 121 22 126 % 21% 19 V 39% 4 125% 21 % 21 % 19 % *19% *21% 22 *21% 22% *33 Va 34 33 % 33 Va 6 6 5% 22 *32 % * 5% 5 % 21% 65 200 Wabash RR 15% 600 Waldorf System 32 Va 800 Walgreen 102 70 20% 12% 12% 12 *30% 31% 30 % 31 21 Ward 25 5%% Warner 7,000 Warren 120 1.060 3%% 21 1,100 *110% 19% 19% 19'A 19 19 % 900 Washington Gas Light Waukesha Motor Co 22 21% 21% 21 21% 500 Wayne 32 "2 400 6 5% 5 7 a 5% 33 *31 % 5 % 5% 5% Knitting 47 47% 47 Va 85% 85 85'A 85 85 26 % 26 % 26% 25% 26% 8,600 West 110% Indies *110% Penn *110% 110% 115 *114 108 Va *112 113 110 % 115 *107% 44 Va 112 112% 44 Va 106 107 *104 112 44 44 Va 115 *107% 44 106 6% 41% 7% 110% *111 111% 40 West 114 3 -i 114% 114 % 115 113 113% 80 1% 108'A 108 Va 108'A 108% 108 Va 108 VA 100 113 113 113 113 "A 113'A *113 Va 114% 280 44 44 44 4414 44'A 43 Va 43 % 2,300 106 Va 110 107 Va IVa 41% 7% 42'A *105 6% 42 107% 7 42% 106 106 6% 7 41% *106 42 Sugar 18% Feb 7 16% Oct 23% 36% Nov 21 22 Nov 50 Jan 5 31 Jan 13 51 Nov 24 18 V2 Jan 39 Dec 99 Sep 9 126% Nov 25 21 Dec 5 100 No par 17% May 20 20 A—No par 6% preferred— 100 West Penn Power 4 % % pfd!_ 100 West Va Pulp & Paper com__No par 4% % preferred —100 Western Air Lines Inc Western 15,200 Western 30 30 3,000 261/4 1,000 7% 7% 7% 8 7% 31 3.0% 31% 30% 31 27% 28 30% 30% 27% 27% 26% 27% 27 27 71 72 Va 71 71 71 71 70 70 65 65 20% 21 20% 20% 20% 20% 20 % 19% 20% 34% 20% 34% 34'A O 5 100 2,000 *25% 21 Dec May 14 1 class 4,600 2 500 4% com Nopar 34% 33% 34Va 33 Va 34% 11,800 7,300 28 Va 28% 27% 28 Va 21 27 17,700 90% 89% 89'/a Westinghouse Electric com 99% 99% 98% 99 Va 98% 99 *31% 32 Va 31 'A 31'A fiOVa 32 98V4 *30% 37% 38% 37% 38 37% 38'A 88 88% 87 88 86% 88 650 75 75 75 160 101 Va 44% 45% 94% 94 Va 28 "21 22% 23 *73Va *100 -45 % x45% 46% 44% *92 Va 95 93 94 27 27 27% 23% 22% 23 23 23 23% *31 Va --9% *100% 1 27% 32 page 26. 101% 95% *91 9% *100 % 27 % 12% see *73% •46 Va 927/a - footnotes 75 101 % 94 12 For *73% *100 Va *27 *91 *30% 75 101 % 12% *9% 12% 12 92% *91 32% TO 12 92% 11% *91 45% 43.% 32% 31% 31% 9% 10'A -10 lOVa 27% 22% 11% *91 ,. 6,000 93 *27 ' 11% 10 43% *92% 1 92% *31% 101%. 200 - 200 22% 2,600 11% 1,800 92% 31% 200 10% 10% 1,300 conv Apr 43 % 45 July Aug Apr 108 119 Aug 115 Jan 122% Feb 112% Jan 14 116% Aug 19 47 Oct 14 106 Sep 117% Aug 113% Oct 32% 113 Nov Jan 27 111% Sep 116% 7% Dec 35 Jan 90 % May 13 Va Jan 57 5% 18 27 Sep Sep Sep Mar 29 71 Oct Nov 25 3 42% Feb Dec 5 90 17 May 19 26% Sep 17 38 % Oct 22 30% July 28 14 18 Va 53% Jan Oct 41% Jun 39% Jan 95 Dec Nov 13 12.50 30 Nov 17 106% July 21 .55 Jan 24 39 May May 14 86%Dec 5 38% Dec 3 102% July 18 —100 preferred- Prior preferred Wilcox Oil Go_ ; Nopar 20 5 99 May 31 May 19 93 Dec 2 4 26% May 19 19% May 19 9% May 19 84 July 31 29% May 13 5% May 17 Apr Oct 98 preferred—: Jan Jun Nov —100 26 32% 56% 101 26% pfd series. B Instrument 62% Mar 27 Apr Jan 21 Va Dec No par 89 Va 119% May 53 % Jun 8% Nov 22 32 29 91 Wheeling Steel Corp com.—Nopar $5 cony prior pref——No par White .Dental Mfg tThe SSJ 20 White Motor Co——— 1 White Sewing Machine com—. 1 $4 *30% conv 16% Sep Sep Sep Sep Aug 20 — Feb Sep 105 -Nopar Wheeling & i Erie Ry com—100 5%% Jan 29 Westvaco Chlorine ProdCommon $3.75 preferred 38% 88% Elec 47% 9% 65 22 % May 19 Sep 31 % 26%.Dec 27% May 19 Sep 31 88% Nov 2,300 37 88 cum 12 % May 16 29% __100 Weston 37 1 35 % Mar 34% Oct A_ 4,200 88% ■>100 series 1,800 37 75 pfd 98% 88% *73 % cum 31 3.80% Dec Dec Sep 20% 85 Va 6 90 Va 31% 32% May 19 1C6 25% 20 4 75% Jan 28% 3.1% 9 9% May 17 90'/a 3% % 111% Oct 6 4 28% 210 May Aug 21 14 105 Sep Feb 90 38% May 19 90 Va 89% 7 100 52% Nov 10 _ *88% 12% Jan 34% Jan 2 117 % Mar 11 100 28% *—♦ O O 4 121 % Jan 26 100 pfd •90% 100% Feb 41 8 4 28% . 18 112% Nov 2nd RR 22 83% May 22 21% May 19 110 % Jan 3 Supply Co Maryland Ry com Western Pacific Jan 23% Feb 26% Feb 10 Vo Jan 89 34'A 30% May 23 27 7 5% May 19 Preferred series A 100 Western Union Teleg class A_No par Westinghouse Air BrakeNo par 33% Sep 30 106% Mar 1 Auto non-cum 18% July 107% Feb Nov 5 Corp 6% xll7/a Mar 12 92 5 preferred 41% 30 y2 4 Co Inc Electric 13 21 1 41 6% Jun Nopar 110% 7 42 330 115 *104 6% 48 108 Va 111 Va Oct 20 Vo 16 48 % 26% Mar 29% Oct 37% Jan 47% 85 26 % 111 Nov Wesson Oil & Snowdr com__.No par $4 conv preferred— 49 % 85% Apr 105 9% 2,500 48% 26 Via Apr July 17 23 Va 5 85 Vu Jun 109 7 5% Dec 49'A Feb 23% 54 3 5 26 110% com Mills Tobacco 86 86 Oct Dec 13% Feb /19% Feb Webster 25 Va Sep 15% 33 Va 24% Jan 2,300 86 108 V4 18 65 11 5 Wayne Pump Co *32 Nov 18 25 36% Feb No par preferred 19% 49 *114 conv 22 32% 102 75% Feb 17% Jan 7% May 19 11 May 21 —100 19% 32% 16 xl7% May 14 1 Pictures. 22 33 % Apr 13% Apr 21 29% Apr 30 Nopar & Pipe Petroleum Corp cum 57 Nopar preferred Bros 48% *107 % & W common Warren Foundry 86 % Q Co 25 48 % *85 % Nopar —100 (Hiram) 1.000 49% 100 Nopar Baking Co 18,500 12% 31% 21% Walker Walworth 60 13% preferred common preferred 5.400 4,100 92 30% Co 4,400 10*% 12% Xl2% % Va 4% 4%% 63% Jun 88 Nov 75 Oct 27 63 Aug 72 Jan 103 Feb 13 100 Oct 106 Jan 53% Oct 21 101% Mar 31 36% Nov 90% Nov 107% Jan 62 Va May 107'A July Feb 7 27 % Feb 44 29% Feb 8 21% Nov 44 17% Feb 1 11% Nov 23% July 34 Feb 3 .Feb 13 10% Nov 19 90 .34 81 Va Sep 30 Nov 5% Oct 105 36 12 Va May Jan July' May Jon 25. 26 & COMMERCIAL THE (2330) FINANCIAL CHRONICLE Monday, December 8, 1947 NEW YORK STOCK RECORD HIGH AND LOW Saturday $ Monday .Dec. I Dec. 2 per $ share per $ share per STOCKS Sales for Dec. 5 the Week Dec. 4 Dec. 3 8% 8% 8% 8% 8% 8% 58 58 % *57% 58 % 58% 58% 56% 56% 56 56% : 14% 14% 14% 14% 14% 14% 14% 14% 14 14% 4,900 90% 20% *90% 18 *17% 8% 8% 8% 8% Wilson & Co lnc $4.25 400 92 v preferred *20% 91 90% 90% 90% 90% 18 *17% 18% 18 18 *17% 17% *17% 16% 16 16 16% 16% 16% 16% 16% 16 16% 4,600 16 16 16 16% 16% 16% 16% 15% 16% 9,800 144 *137 144 137 33 33 33% 33% 35 33% 34% 4,800 Woodward Iron 45% 44% 45% 45% 46 45% 35% 7,500 Woolworth (F W) :57% 57% 56% 57 2,100 Worthington P & M 16 15% 15% 16% *137 144 *32% *137 44% 58 58 44% 45% 45 44% 32% 32% 32 % 32% *137 144 59 Pwr El 6% dist" 23 12 y8 Jan 95% Nov 19 15 % Oct 19 Nov 15% Nov 25 18% Nov 21 Oct 17 142 Mar 160 Jun 32 Nov 14 35 Dec 4 34 Feb 52 43 May 19 53 Feb 1 43% 62 ya May May 68% Feb 13 135 (Del) 47 76 Dec 5 Apr 3 84 Va Sep 100 Apr 84 Jun 9 100 Feb 20 Sep 103 May 57 Oct 29 80 Feb 8 Dec 106 Nov 28 70% Mar 6 87% 75% 59% Oct 82% Apr 10 13% Dee 25% 48% May 19 No par 61 *57% 78 x77 77 *75 77 76 76 100 Prior *85 86 S'3 86 83 86 130 Prior pfd *67 69 68 68 *65 69 *65 69 65 67% 62 62 62% 63 63 64% 2,200 Wrigley (Win) Jr fDel) No par 62 9% ,1,700 Wyandotte Worsted Co 5 8 9% 9% 36 . *42 42% 53 63% 64% 9% *9% 9% 36% 36% 8% 36 1,400 Yale 12 12 % 12 12 11% 12 11% 12 2,800 49 49 41% 41% 41% 41% 41% 41% 1,000 20 y2 20 20 % *19% 20% 19% 19% 900 36 36 *20% 20% 35% 36 35% 3,600 Zenith Radio No par 14% May 19 19% Dec 42% Jan •1,800 Zonite Products Sep 14% Apr 18% 18% 19 19 19% 18% 19 187 19 19% 6% 6% 6 % 6% 6 n New stock, r Cash sale, Saturday 386,790 Monday 797 940 Tuesday 894,000 927,970 970,890 1,292,270 5,269,860 $24,181,000 Total united States Government 4,126,000 5,836,000 Bonds Bonds Sal*> 344,000 5 381,000 6.357,000 643,000 Jan. 1 Week Ended Dec. 5 94.900 181,765 256,500 182,000 30,000 212 000 327,G05 370,000 21,000 391,000 1,275,695 $1,410,000 $103,000 86i,599,'»ud l,lo*,«,*.i>,t>uO $24,417,050 $959,759,920 $1,258,948,650 Bond Record $9,000 $1,522,000 ass oro 1946 1,672,020 66,727,522 129,429,434 $1,410,000 $844,000 $75 447,000 $64,025,000 103,000 178,000 7,216.000 10.967.000 9,000 3,000 537,000 479,000 $1,522,000 Domestic ** to Dec. 5 Jan. 1 1947 1946 1,275,695 $1,025,000 $83,200,000 $75,471,000 Bonds 75,748,000 22,202,800 «!•> ' Foreign government Foreign corporate Total. ' New York-Stock Exchange «» FRIDAY WEEKLY ■ - YEARLY Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of week, and when outside of the regular 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. The italic letters in the column headed "Interest Period" indicate in each case the month when the bonds mature. <" NOTICE—-Prices the 393,000 1947 $18,875,150 $3,121 000 71,574,520 24,181,000 Total 258 000 22,000 Week Ended Dec. 5 $73,650 Railroad & Industrial 23,000 281,000 1946 2,140*600 892,000 — _ 268 000 2,000 235,000 339.134,830 230,901,692 $27,548,000 Foreign 3,000 263,000 182,305 Stocks—No. of shares. $10,000 2,465,000 International Bank $90,000 $6 000 232.570 Thursday Friday Bonds D. S. Government $79,000 Total Corporate $5,000 to Dec. 5 1947 1946 Foreign Government Domestic $27,548,000 $10,000 $2,465,000 5,728,090 Exchange Bonds (Par Value) Shares) Saturday MondayTuesday Wednesday 5,163,500 9,000 367,500 5.269,860 9 Foreign «/ Week Ended Dec. 5,1947 Total Stock;i—No. of shares 7 31 Stocks 4.390,500 4,537 000 $1,000 363 000 1947 July (Number $1,457,000 929 500 $892,000 25 10% Jan 5 wd When distributed, x Ex-dividends, y Ex-rights. Bond $68 000 67,000 163,000 454,000 140,000 4,624,000 s Special sales, 5% Jun l Total Bank $80,000 4,826,000 Wednesday Thursday Friday Int'l Foreign Bonds $1,377,000 3,392.000 Corp May 17 23 Daily, Weekly and Yearly Daily, Weekly and Yearly Shares Corp 23% Oct Transactions at the New York Curb Transactions ai the New York Stock Exchange W<eelc Ended Dec. 5, 1947 Jan Jan 6% Bonds 35% 31 18% Railroad and Miscel. Oct 83% May 11,600 16% Stocks, Jan 15% Sep 74% 16 % Number of 27% Nov 72 16% delivery, 61% July Nov 57% 75% 16% a Deterred Oct 13 % If 74% 17 fin receivership, 33 20 75% 16% sales on this day. 11 50% Mar 31 May 19 21 75 17 no 45 33% Aug 28 Oct 76% 16% and asked prices; 16% Feb 41 83 76 16% x5% 3 10'/a May 19 50 21% Feb 76 16% 6 % Jan _l 15 75 16% 19 % 25 ; No par 74% iey2 6 Co Feb Jun Youngstown Steel Door 74% 6 % Mfg Corp common.. 4%% cum preferred Aug 1,800 *20 6% Towne 18% Feb May 17 74 14% May 19 53% May 17 20% 6% & 94 % Young Spring & Wire No par. Youngstown Sheet & Tube—No par 20% ♦Bid pfd 4%% series 100 4'%% conv series—100 Aeronautical No par York 42% *i2y8 12 % 63% 9% 12% 36 36 36 *12'/a 63% 9% 9% 9% 145 y2 May 19 Sep Sep 86 9% Feb 10 78 62% 21% 10 100 (new) Co 85% 6) Jan 21 79% 62% July 28 20 85 % *67 101 99 *83% Wright July 1 *78 40 21 4 79% " 26% 27 85% 60 Nov " Jun *83 597^1 9 Sep Sep *78 59 11 15% Dec 10 preferred Co Oct .$ per share 24 17 90 % Dec Co "Reg Way"_lo "when Common 144 *137 144 Co Wisconsin 64% Oct 16 10 Wilson-Jones 300 18 Highest J per share 13% Feb 51% Sep 10 10% May 19 No par 93 16% $ per share Lowest 6% May 17 No par com Highest $ per share Par _ 13 *90% Year 1946 Lowest Willys-Overland Motors com 1 $4.50 conv pfd series A No par 700 14% 14% Range for Previous Range Since January 1 STOCK YORK EXCHANGE 9,500 8% 59,% 8% *58 NEW Shares $ per share $ per share $ per share share Friday Thursday Wednesday Tuesday Nov. 5if) FRICES SALE are "and interest"—except for income and defaulted bonds. " js* LOW HIGH AND Saturday Monday Dec. 1 Dec. 2 High SALE Low *104.3 104.5 *104.3 104.5 106.17 point. Low High Low 104.5 *104.3 104.5 *104.2 104.4 *106.15 106.17 *106.15 106.17 *106.14 106.16 * Low NEW Bonds ($) High YORK *106.16 106.18 *106.16 106.18 *109.9 109.11 *109.9 103.11 *109.9 109.11 *109.9 109.11 *109.9 109.11 109.9 109.11 Treasury Treasury Treasury 100.19 *100.17 100.19 *100.17 100.19 *100.16 100.18 *100.16 100.18 Treasury 2%s Treasury 2%s 3%s 1951-1955 1955-1960 101.8 July 24 106.13 July 24 1948-1951 1951-1954 1956-1959 *100.17 100.19 *100.17 *105.9 105.11 *105.7 105.9 *105.7 105.9 *105.6 105.8 *105.6 105.8 *105.5 105.7 *109.22 109.24 *109.21 109.23 *109.21 109.23 *109.21 109.23 *109.21 109.23 *109.21 109.23 *110.22 110.24 *110.21 110.23 *110.21 110.23 *110.21 110.23 *110.21 110.23 *110.21 110.23 Treasury 2%s 1958-1963 *111.30 112 *111.28 111.30 *111.28 111.30 *111.28 111.30 *111.28 111.30 *111.28 111.30 101.10 *101.8 101.10 *101.8 101.10 *101.8 101.10 *101.8 101.10 *101.7 101.9 *102.28 102.30 *102.26 102.28 *102.25 102.27 *102.25 102.27 *102.25 102.27 *102.25 102.27 Treasury 2%s Treasury 2%s Treasury 2%s 1960-1965 *101.8 *103.24 103.26 *103.22 103.24 *103.21 103.23 *103.21 103.23 *103.21 103.23 *103.20 103.22 Treasury 2%s 1950-1952 *103.24 103.26 *103.23 103.25 *103.23 103.25 *103.23 103.25 *103.22 103.24 *103.23 103.25 *105.1 105.3 *105.2 105.4 *105.1 105.3 *105 105.2 *105 105.2 *105 105.2 Treasury Treasury 2%s 2%s 1952-1954 —1956-1958 *102.20 102.22 *102.20 102.22 *102.20 102.22 *102.20 102.22 *102.20 102.22 *102.20 102.22 Treasury 1962-1967 *102.6 102.8 *102.6 102.8 *102.5 102.7 *102.5 102.7 *102.5 102.7 *102.6 102.8 *101.27 101.29 *101.27 101.29 *101.27 101.29 *101.27 101.29 *101.27 101.29 *101.28 101.30 2%s Treasury 2%s Treasury 2%s *101.£6 101.28 *101.25 101.27 *101.25 101.27 *101.25 101.27 *101.25 101.27 *101.26 101.28 Treasury 2%s *101.25 101.27 *101.24 101.26 *101.24 101.26 *101.24 101.26 *101.24 101.26 *101.24 121.26 Treasury 2%s _ 107.19 Apr Jan Jan 107.10 Apr 103.20 Apr 9 105:17 Jun 2 103.19 Apr 10 101.16 Jan 106.15 106.28 Apr Jan' 106.16 101.25 Treasury 2%S Treasury 2%s June 1967-1972 *103.7 103.9 *103.6 103.8 *103.6 103.8 *103.6 103.8 *103.6 103.8 *103:7 103.9 Treasury 2%s Sept. 1967-1972 *100.31 101.1 *100.31 101.1 *101 101.2 *101 101.2 *101 101.2 *ior 101:2 102.3 Nov 7 102.12 Oct 14 105.17 Jun 2. 1966-1971 101.2 *104.1 104.3 104.3 *104 104.2 *104 104.2 *104 104.2 *103.31 104.1 *102.24 102.26 *102.23 102.25 *102.23 102.25 ? 102.23 102.25 *102.23 102.25 *102.23 102.25 Treasury 2%sTreasury 2%s Treasury 2%s 105.22 *105.20 105.22 *105.20 105.22 *105.20 105.22 *105.20 105.22 *105.20 105.22 Treasury *103.12 103.14 Treasury 100.18 Treasury 2%s *100.14 100.16 *100.14 100.16 *100.16 100.18 100.16 100.16 *100.15 100.18 *100 15 100.18 100.10 *100.8 100.10 ;*101.3 101.5 *101.3 101.5 *101 2 101.4 101.7 *101.6 101.8 *101 6 101.8 *100.8 100.10 *100.8 100.10 *100.8 *101.4 101.6 *101.3 101.5 *101.3- 101.5- *101.5 101.7 *101.5 101.7 *101.6 101.8 *101.5' ,*100.8 100.10 *100 8 9.000 *101.8 101.10 *101.8 101.10 *101.8 101.10 101.9 *101.10 101.12 *101.10 101.12 *101.11 101.13 *101; 10 101.12 *101.11 101.13 *101 11 101.14 *101.12 101.14 *101.13 101.15 *101.13 101.15 *101.13 101.15 *101 13 101.15 Il01.16 101.18 *101.16 101.18 *101.16 101.18 *101.17 101.19 *101.17 101.19 *101.17 *101.20 101.22 101.20 101.20 *101.20 101.22 *101.20 101.22 *101.20 *101.25 101.27 *101.25 101.27 *101.25 101.27 *101.25 Treasury 101.19 *101.7 -> lot 10 101.22 * 101 8 Treasury 2%s 2s Dec. 101.10 June Sept. Dec. March Treasury 2s , Treasury 2s *101.20 101.22 Treasury 2s 101.27 Treasury 2s 1,000 *101.26 101.28 101.27 *101.25 *101.24 101.26 *101.24 101:26 *101.24 101.26 *101.24 101.26 *101.24 101.26 *101.24 101.26 101.29 *101.27 101.29 *101.27 101.29 *101.27 101.29 *101.27 101.29 *101.27 101.29 Treasury 2s 1949-1951 *103.24 103.26 *103.24 103.26 *103.24 103.26 *103.24 103.26 *103.24 103.26 *103.24 103.26 Treasury 2s 100.14 *100.12 100.14 *100.12 100.14 *100.12 100.14 *100.12 100.14 *100.11 100.13 Treasury l%s *100.15 100.17 *100.15 100.17 *100.15 100.17 *100.15 100.17 *100.15 100.17 *100.14 100.16 Treasury l%s . .—. Bank 1948 -1950 8 105.18 Sep 9 , 7 8 7 1 July 22 101.20 Dec 1 102.30 Apr 24 102.28 Jun 13 102.28 July 21 i . — ♦Bid 97.1. 97.4 97.20 97.24 and asked price. *97 97.18 97.18 97.16 No sales transacted 97 97 97.21 this day. . 96.28 97.6 97.4 97.4 168,000 97.20 97.8 98.8 98 98.4 724,000 iiBeing called for redemption March 15, 1948 at 100. 10-year 25-year ' .) 1 Jan a Odd lot transaction. - r 1957 ,-1972 'Apr1 ; Apr ii Dec 103 i9 r 'Jan 103.7" Jan 103.22- Feb 102.23 Apr 9 102.25 Apr 12 103.1 Apr 26 103.2 Jan 24 103.4 July 21 102.16 Oct 104.3 102.20 Oct 104.14 Jan 103.13 May 103.13 May " i. "1 • .' Jyiar 102.14 Nov 104.26 Feb' 102.22 NOV 104.29 101.2 101.8 9 100.26 Oct 20 Jan 29 Apr 26 101.14 May 101.31 Mar Feb . - 96.28 Dec 4* Dec.,,4; 97.8 Registered bond transaction. . ... 102.0d JulyT5 103.4, July 15 * , . • 102.17 Mar Sep 101.3 . 2,%s_ = __ for 3s-——-—. _• 102.8 Dec 103.9 i , ... 98 104.7 ii'' 102.12 Apr 9 102.6 May 27 __ 100.30 Apr Reconstruction & Development 97.18 Jan j ^ 102.4 104.16 100.29 Jan i July 102 * r. i ■ 10~8.17-Aug 107.14 Apr 101.4 — 102.12 Apr 106.15 Aug Sep 102,24 May 100.13 Nov . _ 1949-1951 1950-1952 Dec. 1952-1954 -1953-1955 *100.12 International _ Apr 104.22 102.24 May 14 — Apr 109.15 Feb • 102.8 1948-1950 1949-1951 1951-1955 June 1952-1954 Treasury 2s *101.27 7' Sep So 100.16 Dec 3 100.13 Nov ".7 ' Apr 108.17 Aug — 105.17 Feb 101.15 107.9 " — 102.6 Nov 104.7 106.15 Aug _ __ -Sept. 1950-1952 1951-1953 - Nov 18 _ —1956-1959 Treasury 2s Treasury 2s Treasury 2s 101.13 *101.12 • 101 June 1959-1962 Dec. 1959-1962 March 1948-1950 UTreafiury 2s 100.10 * Dec. 1967-1972 —1951-1953 1952-1955 1954-1956 2%s 2%s *100 16 Jun 102.11 *101 100.17 108.4 102.11 *101.23 103.13 Jan Jun 108.4 — 10 101.1 *103.11 107.5 Nov 101.25 *100.15 107.15 Jan 105.29 Aug — 102.5 *100.ol 103.13 - 1965-1970 *101.23 100.17 Apr 106 16 May . — Jan 101.2 *103.11 106 Apr Jan 101.25 *100:15 Feb 106 102.22 *101 103.13 Nov 118.23 104.4 Jan 13 104.10 May 9 104.15 Apr 12 *101.23 100.18 113.3 118.15 Mar 8 101.1 *103.11 NOV Deo Nov 101.25 *100.16 Feb Apr 102.5 *100.31 103.13 109.22 115.23 Dec. 1964-1969 *101.23 100.16 Dec 103 101.25 *103.11 104.12 Feb 21 104.12 Feb 21 1963-1968 101.1 *100.14 107.5 — June 1964-1969 *101.23 103.14 102.12 107.27 Apr 107.4 Apr 107.9 Apr *100.31 100.16 Jan Dec 1C5.22 May 101.1 *103.12 115.26 102.11 104.24 July 14 104.23.Feb 14 104.18 Apr 30 101.26 *100.14 Feb 112.21 Aug 104.24 July 14 104.14 Sep 2 104.4 Jan 2 *100.31 n05.20 May 14 114.8 May 14 111.18 110.3 113.3 — — 114.8 Highest Jun 113.12 Aug — _ 1948 1949-1953 *101.24 *104.1 Feb 21 108.21 Feb 4 112.6 Feb 3 102.6 Feb 4 106.13 July 24 106.6 104.25Sep 30 107.20 Oct 3 111.23 Sep 22 1949-1952 3s 2%s Lowest Highest Lowest ^Treasury 2%s 104.8 Year 1946 Range Since January 1 STOCK EXCHANGE *106.15 *104.6 Range for Previous GOVERNMENT BOND* the Week Dec. 5 Dec. 4 High *104.3 High High Sales for Friday Thursday Dec. 3 Low a PRICES Wednesday Tuesday Nov. 29 Low Figures after decimal point represent one or more 32d of /.:» * - >«'*.•. i ■■.'T'.ii.- COMMERCIAL THE Number 4653 166 Volume RANGE Friday Last or Period Stock Exchange FOR BOND WEEK ENDING CHRONICLE (2331) RECORD DECEMBER 5 Week's Range Interest BONDS York FINANCIAL YORK NEW New & Sale Price «. Range Since bund January 1 No. Low ...i-d « Interest Last Week's Range or Friday's Period Sale Price Bid & Asked Friday Bonds Friday's L.u BONDS New York Stock Exchange Bonds Range Since January 1 Sold *» Low High York City New Cuba 10311 223 103 i2 106 103 J2 J-D 1980 Corporate Stock (Republic of) External 1141/2 loan 5s of 1914 1949 4%s external debt F-A 1977 Sinking fund 5V2s 1953 ACzechoslovakia (Rep of) 8s ser A_1951 ASinking fund 8s series B —1952 Stamped assented to 6% » 1942 External Foreign Securities extended gold to A-O 105 Va 115% lllVa 115 Va *105 % — 80 j-3 80 2 99 100 22 A-O 99 120 90% 83% 100 % 102 F-A 90% 90 y4 91% 31 81% 102 Va, A-O 83 Va 83% 84% 16 75% 101% 62 1,1978 Jan 1,1976 j-j 58 58 8 53 J-J 36 36 2 36 Jan 1, 1976 J-J 36% 37 2 36 48 1967 3-J *15 14 35 1*49 M-S *99% 103 % 98 105 1964 $— n(lu_ Jan (Republic of) 7s frencn Republic extl 7s— 53 y4 Greek Government— New York Stock Exchange Broadway, 80 I9d5 T eletype NY New York A 7a part paid A6b part paidHelalngfora (City) ext 6V2s 1-1693 1960 A.-0- 78 79 irlab Free Btate extl s f 5s REctor 2-2300 107% 1962 AEstonla Members 116% 104% 105 % of) — 3%e extl s f $— extl 8 f $. Wertheim & Co. 105 "4 101 3s T elephone 104 y2 106 *105 A-O 10*2 4Vas vKepuouc f s High 102 »/a 111% 114% 115% J-J 1960 5%s gold oaivauor 48 extl J-D __ (called bonds) External Ei *100% (int reduced lADenmark 20-year extl 6s 6s Low 100% High M-S 1949 4V2s No. 102% Low Unification Issue— Transit 3% High 1960 M-N *97 a Jugoslavia (State Mtge Bk) (Colombia) 6y2s AMedeUln 8y4 14 6% 3 6% 15% 2 74% 100% 8 6V4 6% — - 7s—1957 A-O 1954 J-D 16% 7% 100 1968 7 5% 2 7 40% 105 104 12 45 29 1 40-% Mexican Irrigation— Foreign Govt. A Municipal SA4%s assented Ass'td Agricultural Mtge Bank (Colombia)— F-A 65 —A-O *64 SAGtd sink fund 6s sink AGtd Akershus fund 1947 6s (King .of Norway) lAAntioquia 61 ___ _ 893/4 3 893/4 40% 2 25 V2 40 40 40 5 25 26'/a 45 4 24 45 21 45 19'/a 45 f 7s series B______1945 J-J lAExternal s f 7s series C 1945 J-J *40 45 lAExternal s f 7s series D 1945 J-J 42 42 *40 43 1957 A-O series—1957 A-O f 7s 3rd series... 1957 A-O f 7s s sec AExternal sec 1st series i s s 2d 7s 40 % 40% 40% 40 5/s | 40% 100 d99 100 3-J 102 101% 102 y4 1053/4 46 98 > 991/2 F-A 89% 89% 91 3V4s 3%s 3 Vis 1957 J-D 88 88 88V'4 75 88 J-D 87 883/g 29 89 _1966 J-D 86% 89% 93 86 % 3%s 1962 F-A 86 86 87% 59 86 External s f External s f M-S 103 V 4 103% 104 11 102 external 106 105 106 12 104% 101 '/a *61 -- -- *12V4 J-J *11% If-8 *33 AExternal f 6%s of s external J-D 1957 A-O 1979 A-O 48% A-O 1957 1926^— Stamped pursuant to Plan A (Int reduced to 3.375%)„__1979 Ity) 48 3/4 50 % 2 63 63 50% — 44 7 50% 55 J-D 1963 (Int reduced to 3.5 % ) 3-D 1978 50% 14 44 63% 2 56 14 44 43 CO APeru 61 3%s Series No. 3 (Rfep v 60 y4 — 3%s Series No. 6 — 3%s Series No. 8 15% 15% 16% 1960 J-D 15% 151/4 16 135 15 21% extl s f 6s 2d ser 1961 A-O 15*% 15V4 16 VB 111 15 21% i940 1958 1947 A-O A-O 19 21 1968 1950 1963 A-O 66% 1961 J-D 85 "7 66% 70 83% 66% — 63 63 31 55 63 3Vis Series No. 12 — e60 63 16 56 v8 63 3Vis Series No. 13 — 62 62 1 57 63 *66% — 63 — ■ — *— .j 62% i 62 63 5 63 62"~ __ — 62 (City of) 8s — 1966 99% 102 105% 106 32 ya 40 24% 4 99% 100 36 — *8% * A-O 16% 7% 5 83/8 9 J-J 11% 12 5 J-J 8% 9 6 *34 26 26 *34 — 21 B _ _ 16 3 8 8% 22 15% 23 *8V2 2001 reduced to 2006 2.25%) *26 J-J __ 10 7% 33 — . 26 5 26 29% 21% 24% 21 38 33 32 39% 25 33 — -- A-O 26 F-A 32 2012 p-A (State of)rextl loan of 1921 1946 Stain&ed pursuant to Piax» A . (Int reduced to 2.5%) 1999 AOs external sink fund gold 1968 Stamped pursuant to Plan A (Idt reduced to 2%) 2012 A7s external loan of 1926 1966 Stamped pursuant to Plan A (Int reduced to 2.25%) 2004 a 7e municipal loan — 1967 Stamped pursuant to Plan A fib* reduced to 2.25 %) 2004 ASan Paulo (City) 8s: 1952 Stamped pursuant to Plan A (Int reduced to 2.375%)-—2001 ~4 34 41 1 36% 26 A-O 2001 1953 Stamped pursuant to Plan A tint reduced to 2% )- 31 36 % 1946 (Int reduced to 2.375%) AExternal sec 6y2s 62 55 f 7s (City of) 8s olamped pursuant to Plan A 62% 55. Va 38 'Tnt 63 55% v 3Vis Series No. 18 gold 6s_ fARio de Janeiro 62 Va 50% , 61 % 62 3Vis Series No. 17 55 79 63 rt.i 61% 3Vis Series No. 16 94% Stamped pursuant to Plan A 83% 33/4s Series No. 11 3Vis Series No. 15— s Stamped pursuant to Plan A (Int reduced to 2.-375%) AExternal loan 7y2s 83% 7 8-/« 67 67 *79 — 3%s Series No. 14 external 7s sink fund gold 8s APorto Alegre 69 3% 65 7s A4Vfes assented 65 67 72 67 — 3%s Series No. 9 33/4s Series No. 10 55% 1 60% *65 *66% — 3%s Series No. 7 102% f 6s 1st ser of) AExternal 65% 99 29 A4mi8 assented AStablllzation loan s A4MtS assented—' 65% 104 *23% 65% 55% 105 94 M-S M-S 65'/4 55% 99 3 2008 1959 55% 4 98ya 89 89 37 65% 15 90 100 *31 8 61 105% 89 3 4 *86 Va M-S 5 61 88 100 1947 (State-of) 61 59 Va 4 100 A-O *105% 60% 60 — 105% *100 59 3 i — 106 90 M-8 59 Va 59% — — 92 19 M-N J-D lAPolantt* iRep of) (Plan B)— 3%s Series No. 2 1 92 1967 serfes B Stamped pursuant to Plan A (Int reduced to 2.125 %) 59i/a 92 1963 1994 (APernambuco 4 97% 91 (Republic)— ANat loan A-O 33 2 91 J-D A-O I' 70 50% 40 ya 25% „ 1970 1955 ANat loan extl 3%s Series No. 1 3%s Series No. 4 3%s Series No. 5 1957 external— f AStamped assented 5s Stamp mod 3y4s ext to 63 50 — 29 90 F-A s Oalo (City) sink fund 4y2s 73% 63 % — 33% 34 — 40% 26 29 -- 12% 33 — 92 A-O 73% 55 — 11% 91 M-S Panama -- 14 — — -- 91 M-N 1965 3y2s 63 49 49 A-O funding bonds of 1931 due„1951 Stamped pursuant to Plan A (Int reduced to 3.375%)—1979 1944 1957 1956 B% bonds of 2008 (Kingdom) Ext sec ref 3%s 1952 _ *61 % -- *33 *25-% it sink fund extl loan 60 43% 1 10 1% __ 39% *25% — M-N External fc—* fund 4'/is ! Stamped pursuant to Plan A External $ —1959 3Vis Norway (Kingdom of) ;4,%s—. ( (Int reduced to 3.375%) AExternal s f 6%s of 1927— (Central f 6%s—_ s Municipal Bank extl s f 5s 1978 Stamped pursuant to Plan A" A7s agree_1963 f 6V2s—__——1958 s (Int. reduced to 2.125% ) Stamped pursuant to Plan A (Int reduced to 3.5% ) 15% 11% 6y4 11 6% 6'% J-J Stamped pursuant to Plan A 70 56 — 11%. 12% J-J 1942, 5, Stamped pursuant to Plan A ' (Int reduced to 2.125%)—2008 116 3 111% 111% J-D J-D 11% 11 * Q-J *9% a Sec 109 .1941 8s! IS y« 17% J-D J-J ABee external 107% J-J 1955 (U S of) ii% J-J 993% 1955 7s lABtaxll 9% J-J 101 1949 6s 9% 8% Q-J 1945 agree_1963 Nov to Netherlands Belgium external 6'As 1945 1942, agree_1968 5, AAss'td to Nov 5, 1942, Mlnaa Geraes (State/— 91% 86% — 9 M-N ,J-J lATreasury 6s of 1913 assent—-1933 95 1967 Nov to Ass'td 102 -.1956 agree_1968 1899 £—1945 fAAssenting 4s of 1910 109% 89% 81 111 Ass'td 103 3%s 10-year 10-year 20-year 20-year 15-year 5,' 1942, extl 5s of agree_l963 AAssenting 4s of 19041—— 1954 t 45 ISVi 3 16 J-D AAntwerp: (City) external 5s —1958 Australia (Commonw'lth) 5s of '25-JL955 11 1943 Nov. to (US) 5 A Assenting 5s of 1899 Ass'td to Nov 5, 1942, 453/« s AExternal § A Mexico 79 89 % fAExternal AExternal 81 40'% M-S 3-J 19C8 1945 4s coll Is A. (Dept) 65 2 65 26 85% 26 1 32 25 Va 36 27 *31 35 39% 25 35 36 27 31 15 32 25 Bin Grande do Sul 63 5 A 8s A-O 34 1 40%1 ~ 3Vis Series No. 19— •_ —_ v. % m- 55 63 3%s Series No. 20 3Vis Series No. 21 *61 62 ■>5 61% 62 54% 62% 54 62 % 3Vis Series No. 22 60 y» 60% 36 3Vis Series No. 23 62 «/2 62 % 205 3Vis Series No. 24 62% 64 29 60 64 3Vis Series No. 25 3 Vis Series No. 26 3Vis Series No. 27 61% 61% 10 541/a 62 1 57% 62 61 % 62 9 3Vis Series No. 28 61 % 63 21 61 % 3Vis Series No. 29 3Vis Series No. 30 Brisbane (City) 61'% Buenos 3% Aires s 99 55% 62i/a 56% 63 55 63 25 63 13 9b J-D 1984 3-J i960 A-O 104 VB 104 1043a 62 104 1961 J-J 104 3/8 103% 104 Va 46 103 54 1954 J-J 100 99 y4 100 F-A 101 — 96 37 101 % 100 7 63 102 104 102V4 A6Mj8 of)— bonds f $ M-S 63 54% 13 100% 1957 1958 1950 s (Province external 6i y2 61 % f 5s Sinking fund gold 5s Sinking fund gold €s 61% 63 -54'/a -- *100 92% -- -- I a San Canada (Dominion of) 4s 3 Vis 25-year ACarlsbad (City) 8s SAChile (Rep) External §A7s assented s f 7s _1942 G 72 __ - 1091/4 noy2 64 _ M-N A8s 263/4 M-N 19 Va 20 19 27% (Int A-O 20% 20% 1 20% 273/4 A7s extl 1960 A-O 19% 19% 20% 40 19i/4 273/4 AExtl sinking fund i A 6s assented 6s__—Feb 1961 F-A 20 % 20% 20% 3 18% 28 19% 20% 14 18% 273/4 ARy external s. f 6s —Jan 20% 28% A6s sinking fund 6s assented—. : Feb assented F-A 1961 Jan J-J . AExternal sinking fund 6s A6s assented AExtejpnal sinking fund 6s A6s assented M-S 1961 1962 *20% J-J M-S A-O . 1963 19% 6%S; 1957 25% 19% J-D A 6Vis 1, assented——^ .1.1961 AGuaranteed -sink fund 6s„1961 A6s 28 20% 27 2iy2 assented.. J-D __ i8y4 __ A-O 19 V* A-O • __1961 assented _^1962 AChilean Cons Munic 7s 18% AChinese 5s. 1&'% M-S __1951 1928— Oct 1961 A68 of 1927—.-.——a—j—_Jan 1961 A-O (Republic 3a>;external sf.J bonds i 1070 Mtge Bank 6V2s_ . . 18% lASecured —. 0 — 33 -- 1 26% 41 M-N — if 40 *25 *41 J-J *33 M-S *39 2004 J-J J-J 2012 1940 A-O A-O 1978 A-O *33 40 - — -- 42 37 41 s f 7s 44% 68 64% — 46 67 65 48 56% 42% 42% 40 2 33% 9 59 40 60 33 55 85% 33% 85 91% 69 V2 69% 69% 65% 80% 19% 1 18% 5 27 19V4 For Financial FOREIGN 27 17% 27 21 * | Institutions 25% 17% 3 SECURITIES 20 18 Vs 6 17% 18 1 18 25 3/4 17% 1734 4 17% 25% 10% 7% 16% 73 FIRM TRADING 27 ! MARKETS r ABL MARKS & PP. inc. (Rep of) see i - 7.s_„„ page '|T" •» _„195J M-v • 30. r" ''■! 'i; 73 44% • ■ 7 453/4 72 - ■ 2 72 *43 • ' 53 50 —— ' ' 84% 81 82 13 6 . . •" 50 79 78 97 % v 96 % ... — i6y4 16% lg 50 Broad Si.. -54% ' 45 84" 84 :■ 54 *43 __ 62% 42 FOREIGN SECUHITIES SPECIALISTS 90 : 41% 50 *43 • 90 16 20% Telephone HAnover 2-0050 . , 42 42 — 36 — 35 37% — 50 -- 31% 24«/4 36% M-N 39 25 27% 31 y4 — 30 J-/ Stamped pursuant to Plan A (Int reduced to. 3.5%) 261/2 19% __ 73 44% A-O - For footnotes iso 0 26% 1968 23% 17% 73 J-J a-O . 1947 5 A Sinking fubd:7s of 1926—__!!194fl'' M-N f ASinking fund 7s of 1927— -1947 v F-A Copenhagen (City) os— j-d ■i/J/RS^ar rgold; j; •.■'.M-N.'''' / 7 __ 18 - 73 < AC^-a Rica 32 26% of)— A6e Of fAColombia 18% „ i8-y4 __ — J-D Colombia 24% *25 *32% 273/4 *7% M-S -I960 (Hukuang Ry) __ M-N • —I960 ?. ;A7g assented 39 263/4 19 19 y4 18% 18% __ i AGuaranteed sink fund 6s__._iil962M-N A 6s 31 27V4 19 Va 19% j-d ,. , 21 __ 20 *20% _ 1 1999 —1956 Stamped pursuant to Plan A (Int tfcuueed to 2% ) 27% J-D 1957 i_ Af'/as assented ; 18i/4 31 32 Va *33 dollar loan 37% 32% *41 2.5%)— 30 - ASinking fund-6Vil———__l961 * 27 A6s extl 28 Vb 20% reduced *35 , 32% J-J water loan 27 23 J-J Stamped pursuant to Plan A (Int reduced to 2.25%) 273/4 19% 19% 19% M-N 18 %' 8 *20% __ M-N 70 21% 19 Va 19 y4 21 21% 19% _ A-O 1963 , AChile Mortgage 'Bank 1961 1961 .1962 AExtl sinking fund 6s Sep A6s assented. —Sep , 1961 _ ,, 4 1999 2.5%) — .sr 28% —1950 reduced 5 23 J~® 2012 1936 (State) 8s Va; 23 pursuant to Plan A external I9u0 A6s J-D Stamped pursuant to Plan A :1942 AExternal 18 (Int 82 20% Paulo Stamped ■ 27 J-D M-N 19«>7 extl secured s f Stamped pursuant to Plan A (Tnt '•educed to 2%) 100 i/e — N«w York 4, N. Y. Teletype NY 1-971 27 28 (2332) THE , COMMERCIAL NEW YORK range Interest Last Period Sale Price or Range Friday's Bid' Ac Asked Low Croats <si Slovenes a8s secured a 7s series b sec 1962 m-n 1962 m-n 1058 j-d 1958 j-d extl 7s_ mvzs assented * Sydney County Council 3%s SAUruguay (Republic) extl 8s 1957 1946 57/s Sold NO. 11 19 7% 8 87 f-a 6s 1960 m-n fund 6s 1964 m-n External readjustment Low 5 10% 4% 10% 88 10 26 6 20% 87 m-n 1979 m-n F-A ; a Warsaw extl *120 ■ 86'% 88 121 General Week's Range Interest; Exchange < -- 88'% 88 88% Last Period Sale Price or 2d' consol 100 83% 100% 85 100 93 102 *88 F-A *9% Friday's Bid & Asked 14 7 101% f-a 101 % 1989 j-j 1989 J-J 126 __ Bondk Range Since Sold January 1 % High Noi 123 101'% 42 101% 101% Low 10 9 101 a 126 101 a 124 — 4'%s f-a f-a __ 1970 b j-j 1977 1985 series mtge 27/as__ ref f-a — Gen inc conv mtge 5s 124 21% 17% inc 112 % 94 94% » railroad and industrial Adams Express coll Great tr gold 4s Southern 1948 3%s; 1967 m-s 100 = m -n 104 % Alabama Power 1st mtge s'/as 1972 Albany St Susquehanna rr 4%s__1975 Alleghany & Western 1st gtd 4s—1998 J- j a-o *101% Allis-Chalmers Mfg 2s debs _1956 M-S 95 % Foreign Pow deb 5s 2030 American Telephone & Telegraph Co.— MS Amer & 2%s debentures 2%s 100% j-j m-n m-n 1983 j-j 76% 76% 78% 23 76'% 88 Jan 1 2038 j-j 53% 53% 55 33 45 56 V4 conv 95% 101% 105'% 106% 72 105'% 108'% 92-% 200 90% 103 % 93% 182 92'% 103% 1986 1961 103% J-D 174 88% 103% 119% 18 91% 101% J-D 107% 93'% 93% J-D 1969 A-O 101% A-O 101% .1995 94% a-o a 157 93% 1021/4 2,322 107% 108 1071% 112'% 101% 102 75 101% 102 61 ■j Q-J 1966 5s 92 3 84 *96 101'% 105'% 101'% 106% 84 — -- 95'/a 95 97'% Topeka & Santa fe— I995 Adjustment gold 4s Stamped 4s_ Charlotte a-o 1995 1995 ry— Nov July 1 -July 1 118'% 118% 118% 88 m-n 107 107 21 132 118 107 119% 102 107 118% 116 107 a ser 1st St Paul mtge 4s & 32 22 72 a 1983 Pac 3'4% 68 73 14 25 71 118% conv 118% 2nd mtge 37% j-j 50 37% *88 -- 52 % 22 38 27 88'% 49% 44% 88'% 140 66'/a 32 45% 87 — 99 rr— j-j 100% 100% 101 % 35 100'% 105% a__Jan 12019 Apr 661/2 66 % 69'% 143 66'% 88 3 Jan 1 2044 Apr 50% 50% 53'% 140 49 64'% ry— 4%s__Jan 1 1999 Apr 60 % 60% 61% 239 60% 83% 97% 101% ser b ser Chicago & North 50 j-j 1956 1994 mtge 4'%s inc inc j-j 2003 a ser Gen 4%s 4 Western inc conv mtge 3s ser b 1989 j-j 1988 j-j 891/2 1934 a-o 55 1952 a 96% -- — {Chicago Rock Isld & Pacific Ry— AGeneral 4s 100'% 1,659 88% 91% 1987 gold 4s 89 3 a 103% 104'% 88% J-J A-O -1957 1962 Milw 1st 90% General 4s Atlanta 100 15 96 92 % —1981> a p w Products Co Atchison 108% 85 90% debs Arbor 1st 109'% 100 __ 92% Amer Tobacco Co deb 3s 3s debentures: Ann 106% 100 1st mtge 4s inc a 2d mtge 4 %s inc ser a Chicago Ind & Sou 50-year 4s Chic f-a debentures 2%s 105 '/•> 105 A-O debentures debentures 2%s 104 104 % 1975 25/8s' debentures conv 100 101 ,°8 —1980 debentures 2%s 100 al- *105% 108% a-o a companies 100% 100% 115% 94 20 104 Chicago Ind & Louisville Ry— Alabama 114% 97% 1982 4 Vis mtge 107% 6 98% 1997 Chicago Gt West 1st 4s series a a Gen 124 1985 3%s ser b mtge 107'% 132 12 112% 113% *97 107 101'% -- 107% 108 Chicago & Eastern iii'rr— a 90 5'% mtge 3 Vis High 143% 124 123% -- 1958 ref ref & 1st 18 16 m-n 1996 gold 4s_ m-s 1996 Chicago & Erie 1st gold 5s 84% 7 & & 1st 86% 2 1992; , _ 38 __ 4%s General 4s 130 — 2 88 97 gold Ref & impt mtge 3%s d Ref si impt m 3'/2s%eries er & a Div 1st cons gold 4s 1st -- 97 *;» F-A 1958 G'3'% 97 J-J —1958 (City) external 7s: a4y2s assented Stock Chicago Burlington & Quincy rr— __ *120 — J-D 4.41/4.41/23 York Low 1st 1978 conversion— s%-4%-4fts extl conv bonds New 101% ■ readjustment—__1978 3%s extl readjustment-.!-:.——1984 ■ b High — __1979 RECORD december Friday ' External ending Range Since January 1 13 3 *120 fund sink 1937) 39 6 j-j sink bonds of 6% 5'% *11 % AExternal ($ High Bonds 5% __ AExternal 3%-4-4%s BOND Monday, December 8, 1947 Chesapeake & Ohio ry— extl of) week (Kingdom)— external ASilesia (Prov for CHRONICLE Week's Friday bonds New York Stock Exchange Serbs &r FINANCIAL a Certificates § a Refunding of SASecured 4Vis series a 62 '/a m-n 50 66 '/a 195 84 90 78'% 88 39 761 13'% j-d 1951 3%s m-s i960 87 % 53 1951 90 86% 4s__ a Conv gold 4 Vis Chicago St l & New Orleans 5s Gold 86 % deposit gold 56'% j-d Memphis Div 1st gold 4s 1951 Chic Terre Haute & s'eastern ry— 1st & ref m 2%-4'%s 1994 Income 2%-4Vis. 1994 63 235 13 14'% 443 101 101 Va 4 60'% 42'/a 12'% 100 63 27% 105 j-d 97 97 98 9 j-j 80 78 80 10 78 93 % j-j 77 77 77 5 76 85 96% 100 Chicago Union Station— 1st mtge 3 Vis series 1st mtge 2%s ser Air Line mortgage 3%s Atlantic Coast 1st cons 4s General unified 4%s a 1963 July 1952 m -n m-s 102% 102% 103 85 51 98 101% 107% 1964 j-d 98% 100 1948 j-j 30'% 30% 11 28 41 1948 j-j 21 23 22 17% 30'% 1966 j-j 97 97 6 Atlantic 81 Danville Ry 1st 4s Second mortgage 4s Atlantic Refining 25/as debs 111'% 97 103% B mtge 4s 1st mtge 4s julv 1st mtge 5% Fixed at mtge and 1% b Div 80 85'% 82 1 1948 a-o 85% — 85 3 8 2 00 C4 82 % 82'% 87 % 23 OO to 87% 1950 mtge 3%% ) J-J j-j 68% 68% 73 % 46 68 % 89 (2% k Series m; due Mar 1 2000 due Mar 1 1996 May 45 45 46 273 35 57% 57% 59 115 54 56% 58 40 51 % 73% 56% 58% 51 52 73% 59 j-d m-s a due Dec 11995 56% Con ref j-d a —1980 series d 1985 66 66 M-N 79% 68 79% 82 79'% j-j 79% j-j 1951 j-j 1951 113 60 84% a-o Extension 1st 3'/2s Beneficial Indus Loan 2 Vis debs Bethlehem Steel Corp— Cons mtge Cons mtge Boston 2%s 2%s 1961 Cine Gas & Elec 1st mtge a-o Terminal— Union d 2%s 1969 gold Cin Wab coll tr Ilium c 3'%s 90'/a m-n 95 % 122 3'%s Cleveland 98 % 98% 101 4 1987 MS 99 99 1955 M-N *101 % & Maine rr— ,1960 1950 1969 1976 Buffalo Niagara el 1st mtge 23/4s—1975 Buffalo Rochester & Pgh Ry— * A-O J-J 8u% m-n 50% f-a 80% 50 % 102 MS 100 y4 __ q97'k 96% 82 Va 65 51% 44 42 66 2 102 102 102 100% 101% 10 79% 100% 91% 107% J-J 94 94 10 94 103% m-n 96 97 27 96 104 Gas & m-n 59 58 % 611/4 82 55% a-o 37% 36 38 38 25 Bush Terminal 1st 4s Consolidated 5s 1952 a-o 100 101 5 98% 1955 j-j 89 89 1 87 Bush Term Bldgs 5s gtd 1960 a-o 1 105 5s Canada Southern Canadian 105% 105'% 97 106% "1974 100% 103'% 100% 103% & ref & ref 1st a-o 99% 113 National ry— Ohio Sou Oct~1969 j-j gold 5s 1970 j-d Guaranteed gold 43/4s 1955 Guaranteed gold 4 Vis 1956 gold 4Vis 1951 Can Pac Ry 4% deb stk perpetualCarolina Clinchfield & Ohio 4s 1965 a-o f-a F-A M-S 1931 __ a-o i960 110% — j-d § a 1st mtge 5s § AConsol gold 5s 1945 Pwr 105 1959 Continental 1959 a-o ARef & gen 5s series c AChatt Div pur money gold 4s__1951 ||;§AMobile Div 1st gold 5s 1946 Illinois Light 3 Vis JACentral of n j gen gold 5s a 5s registered h; AGeneral 4s . } A4s registered Central New York Central Pacific 1st -: & ref 1966 _1987 1987 see page •j: —1974 30. 104 98% 11 104% 109 46 105% 100 107 % 98% 99 77 97% 48 s Cigar 3%s f 51% 58 44% 102 101 ''2 m-s 104% f-a 1977 1951 J-J 1961 f-a a 3%s__—1965 Corp New I08 % 106% 102 104 % 105% 23 103% 101 % 5 *._ 63 '/2 102 15 101'% 101% 103 % 104% 110% 114 114 114 102% 64 102% 103% f-a 106 106 105% 100 8 108 102% 106'% *__ a-o 109 3a 108%. 108% 106 104% York— mtge Baking 48 1955 1965 1966 1942 3s 94 95% 23 94 103% a-o 92 % 93 % 23 92% 101 J-D 95 3. H 96 21 95% 98% 100 % 73 99% 106% 99% 12 98% 104 m-s 94 m-s 98 7 a 99 J-J tt m-n 103 3 4 98% 1017/a 94% 1952 53 53% 22 49 '/a 39 40 25 39 52'a 80% 81 9 76% 86 % 34% 36 122 35% J D d53 39 ADeposit receipts ACuba rr 1st 5s gold— 36 5 J-j 34 3 ADeposit receipts a7%s ser a deposit rets 1946 1946 Dayton Pr & ltf 1st mtge 2%s 1975 Dayton Union Ry 3'as series b—1965 Deere & Co 2%'s debs—— 1965 Delaware & Hudson 4s extended—1963 a J-D a-o deposit rets 119% 3 110% 110% 24 110.% 106% 106'% 100 7 68% *35 j-d —May 1 2042 & Light 3s—.—-1973 Power 32 63% 44% 35% 46 36 36 45% 108 108 fixed 102% 67% 8 17% Duquesne 7% 206 102% 106 68% 1 33 7 mtge' (3% 79 105% 63 V2 49 10 - 81 7 5 J~-J int) 108 109% 89% 38 Va 59'/a j-j 80 79% 80% 72 Apr 51 51 52% 111 66 73% 66 7'a 28 m-s 107% 107% 108'/a 24 106'% 109 j-d 101 '/a 101'/a 101% 11 101 '/a 109% m-s 96% 96% 98'% 29 96'/2 66% 66 % 1 62% j-j j-d 66% 66% j-j 99 99 a m-s 7 99 % 98'% 85 83% 100 70 63 110% 94% 96 96 96 2 95% 38 38% 30 30% 38% 98% 98% 99% 25 98% 100% J-J F-A 50'/a *56 j-d m-n 66 101 '/a 102 108 102'/a 105% Erie Railroad 99% 39 101 10t 51'% 104 '/a 5s 106'% ^1965 112% ———1965 a-o * mtge 145 145 '/a 150 j-j 105 Va 113 — -- 195 co— inc 4%s series a 2015 mtge' 3'as ser e__ 1964 1st cons mtge 3 %s ser f— .1990 1st cons mtgB; 3%s ser g .2000 1st cons mtge 2s ser hu——19*9 Ohio Div 1st mtge 3V4s_— -1971 Gen 121 102 33 — 113 3 8 36% stamped.— 113 103 24% 5s 113 102 el Paso & s'western 1st 101 78 100 102 24 -100 109% 100 A-O 4 a-o 32 Ed el 111 1st cons J-J 100 54 3 102 28 45 3 53 5 31% 104 62% 54 90 102 (ny) 1st cons gold 5s Elgin Joliet & East Ry 3v4s- f-a 49 77 51 102 40 58 58% 34 50 102 4i 102 42% 80% 50 m-s 25% 24% 102 Va 102'% 22 *78 m-n 99 M-N 705 398 102% 89% 1956 1995 —1970 East Tenn Va Si Ga Div 1st 5s! 36 34 >% a-o 30 66% 30 % 31 % 103% 90% 27 30 *29 % f-a 1977 Light'Co 2%s_—.' 347% 65 104% 105 99 17% 42% 20 18% 108 61 contingent Detroit Edison 3%s series g 78 103 % 21 90 m-n m-n 98% 10 __ 99% Lake— 39 100 83% 48 Salt 8 39 65 100 7'a 43 *14% & Income 45 110 41 "7 ———201® contingent lift) Denver 1993 8 Va 107 107 98% 99 99% rr— mtge ser a (3% liked 1% contingent int)__— Alncome mtge'ser a (4%% 1%. 91 8 A-O 1st 1121% 81 98 34 103% J-D 4-6s% -1993 1966 Gen & ref 3s series h lfl70 Gen & ref 2%s series i-— 1962 Detroit & Mackinac 1st lien gold 4s 1995 a Second gold 4s -1995 Detroit Term & Tunnel 4V2S—.1961 Det Tol & Ironton rr 2%s ser b—1976 Dow Chemical 2.35s debs— —1961 t§ adul Sou Shorp Sr Atl* Bold 5s_ 19^ 93 107 */s 86 8 106 119% 1973 ——1993 34 a s a Central rr & Banking Co 5s stamp (partial redemption)—1942' Champion Paper & Fibre deb 3s 1965 footnotes 86 J-J a-o 113% II41/2 *97% 101 — 120% 108% 109% 111 % *— 100 j-d j-j 111% 5 3 91 1987 Power (4 ¥4% to Aug 1 1949) For i-a 1987 3s— 1974 1st ref gtd gold 4s_1949 series 104 103% co— debs Crucible Steel 1st mtge 3'/as §ACuba Northern: Ry 1st 5%s Delaware 108% 108% 107 A-O nov 1945 5Vis series b 96 % 109 % 2 101 % 102 -- a-o 1982 1977 mtge 2%s ser c 1972 Power 1st mtge 27/as__1975 Coll. tr 109% 109 % 92% M-N ARef & Central 8 107'/a f-a 1948 j | 25 111% 111% — F-A 1935 | / 100% 101 111% 112 j-j Guaranteed I 100% j-j Guaranteed gen 86% 102% 102% 101% 1970 3%s el 1st extl 4s Edison Denver & Rio Grande West 1957 - 1 99 105% m-s 4s_-1948 2%s ser a 1st & ref mtge 2%s ser b 107 Celanese Corp 3s debs Celotex Corp 314s debs ACent Branch u p 1st gold 4s— {Central of Georgia Ry— 80% 39 87 104'/« a-o debs__.1971 1st extl gold v due Morris & Essex division 106 M-N Carthage Si Adirondack ry— i 1st mtge gtd 4s 98% 64% _ 82% D 39 103% gtd 5s a—1962 cons 63 % a-o 72 j-d Guaranteed gold 4'/2s Guaranteed gold 5s 98% 98% 103% 98% a-o 3'/8s Elec & Alncome mtge 1976 _ * m-n Delaware, Lack & West rr Co— n y Lack & Western div 1st & ref m 5s ser c California Elec Power 1st 3s Calif Oregon Power 3 '/as 80 65 V2 73 at 1934 coll 2 67% *101 m-n 1980 3s series l mtge A6s ser b 1957 & 87 102 % a-o {Burlington Cedar Rap 81 Nor— § a 1st 83 . f-a modified) (stamped Consumers 96'% . 102% 1961' mtge 4 '/2s series c Consolidated Edison of 1st 104 88 Colorado & Southern ry— Consolidated 56 96 % 99 77'/a 21 105 66% *-- m-n .1972 1973 1977 River 103 % 97V8 96 96 113% 105 % 97 79% 82 J-J Ry & l 1st & ref 4%s: 103% 9534 M-N 77% 98 85% 105% co— Conn 96 j-j July 1970 Terminals Conn 95% 1970 107'% 8 957» *96 1948 100 100% 4 98 % 66 % 1950 129 95 % 98% 77% J-J 4'%s gtd Commonwealth 20 38 98 1990 mtge 5%s series a Columbus & Tol 90'/a 99 *.. 1970 mtge 5s series b 98 va 122 1991 4s gold 4s 1st 90 1976 -1951 1st 3s 1st Union Columbus & h 1 60 98 % J-D gtd Short Line Columbia 10 32 107'% 107'% J-J gtd d 1st 122 85 % Pittsburgh rr— 79% i modified (interest to May 1 1947) due 1st Elec Div 34% 84 V2 J-D 1993 e series Mich 97 j Bklyn Union el 1st gold 5s_. Bklyn Union Gas 4s debentures Gen mtge 2%s_ & Div l 1993 1977 b 4%s impt 34% 24% 1 00 105% 24% __ . 107% Ry— 4s series 5s & 99 25 % 85 % J-D Investing Co 4s debs 102% . 101 % 7 27 99 25 % f-a 1961 *25% __ J-D City 99 f-a 1966 79'% 95 90 1975 101% 101% 99 m-n 1974 78% ser mtge 5s series ac 1st mtge 5s series ii 1st mtge 4%s series jj 1st mtge 4s series rr Alnc mtge 4v'2s ser a 3% a-o 5 ser 1st Stamped § a Debentures 5s part paid 1957 {AChoctaw Okla & &Gulf cons 5s__1952 54 a-o Telephone of Pa 5s series c—1960 Creek a-o Columbus 4s stamped Beech Bell 107% 1943 series §{AChilds Co deb 5s part paid 4%s 1951 ,4s 102 1st & Aroostook rr— isaugor 19 Cleve 74 Pgh Lake Erie & West Va 4s 102 4 Vis 1st m-3 Ref & gen mtge 6% (2%% fixed and 3%% contingent interest) — series 102 ref Series Series 4s m-s & Series due Dec 11995 Ref 108 % 1962 1st Cleveland & — g Toledo Cinn div ref 101% Cleveland fixed contingent interest! j 17 St 5% Feb 1 2010 : Series Series 101% 102% Ref 1975 5% 10178 General 101 fixed 1st & gen mtge 3% 85''2 J-J General July 14 ri 4>/2s income and 82 J-J J-J 4s conv Cleve Cin Chic & St Louis int) (fixed int at Ret 82 101 (interest ser cont s'western Conv j-j 79 bonds 4%)— 5 % a-o 1975 a ser Stamped modified 1st 194b 1 f g Chic & West'n Indiana 1st mtge gtd 3%s series e 1st mtge 2%s ser g City Ice & Fuel 2%s debs Baltimore & Ohio rr— 1st 1963 1963 1952 Cincinnati & 1st j-j j-j j-j m-s vr-.«- 61% 61% a a-o 591% 147 64 99% 98 83 84% *82 a 84'% 84 * ■ __ 83% 99% 100 -- 83 20 — 103 81 102% 94'/a 94 100'% 105 Va THECQMMERCIAL &l. FINANCIAL CHRONICLE Number 4653 166 Volume NEW YORK RANGE Interest Last Period BONDS York Stock Exchange WEEK Sale Price or Friday's Bid & Asked ENDING DECEMBER 5 Low High Friday Bonds Range Since Sold Low Interest York New Stock Exchange 1961 —1959 a 1st ret & 5s series 'a—,-———1974 deposit Sugar coll trust 6s of Certificates Francisco 102 5 54% 54 54 72'A 65'A --- 1956 1949 "102% 103 J-D 101'A 106 "103% M-Jv 1st 10^'A 49 18 103 "lOJ'/a 102 J-D 105% 100 48'A 102 M-N 'Xf-S 104 Week's 1966 k 3Vis ref & 1st & M ref 4t.l Knnx liiH) Macy 105% Cine Div 98'A A-O 98'A 99 87% Range Since Jantfary I Low High 105 % 107% 47 98'A 108% 5 87% 87% US "96'A 99'A V-V 1972 2%s debs & Co 5 A-O 10** 4s Sold No. . _20O3 —1980 gold 3s Bonds High 106% 106% US 2003- 3%s series F M 2"Vis ser G__ St Louis Div 2d Range Friday's or Bid & Asked Low Louisville & Nashville RR— {Florida East Coast 1st 4 Vis Sale Price High Louisville Gas & Elec Firestone Tire & Rub 3s deb Last Period BONDS r January 1 No. •/ BONDRECORD Week's Range Friday New FOR (2333) M-N 96 118 110'A 98 13 98 72 98 12 66% 3 81% 98'A 103 V« 112'A 98 M Maine Central Gas & Elec of Berg Co cons 5s General Realty & Utilities Corp— 1969 "84 Va M-S Af-N J-D Great debs_ inc eonv (B P| 1st Co Northern General 5s Ry 5 Vis General mtge 1952 mtge 3Vis ser N Gen mtge 3Vis ser O Gen mtge 2%s ser P mtge 2%s ser Q Gen mtge 1990 2000 1982 2010 1961 2'As ser R A Green 6 113 117% Metropolitan Edison 1st mtge 27/8S_1974 Metrop Wat Sew & Drain 5%s—J950 121'/a 133'A 129 Michigan 94% 86'A 80 80 "91 'A 95 96 1 104 3A 95 __ 95 86'A % 104'A 86'A 96% 80 18 5 91 91% 7% 22 8 M-N 65 7'A 9Va 3 100 1041/4 12 96 105 'A 101% 101% J-J A-0 99 62 __ "62 A-O 1976 113 ' J-J 2615 1969 2044 inc 5s series A ref 3%s series D mtge inc 4s ser B States Util 1st M 2%s 96 96 54 'A 96 53 , 67'A 69'A 94 95 -.a 54% 94 52'A 246 97 — 86 »/2 101% 72 'A 1st 2%s.._1976 1999 1970 1962 J-D M-N 1957 F-A 58 58 61% 140 48 Vi A-O 18 18 20% 124 13% Finance Corp 23As 1st s f 5s series A Hudson Coal Hudson Co Gas 1st Hudson gold 5S Manhattan & 5s A 1st income 5s AAdj 95'A 15 Feb 1957 Hocking Valley Ry 1st 4Vis Household 95'A 126 126 95Vi 126 6 95% 86% 18 106'A 95'A 21 86'A 106'A 6 86 3 79 106'A If-N 100'/4 106 If -8 99 series C ref 5s series G M Telep 2%s series A 1981 J-J .—1951 J-J 97% 97% 98 97% 34 1st 1st gold Mountain States Tel & Tel 4s gold 3 Vis Extended 1st 1st gold Collateral 1951 gold 3 Vis trust Refunding Cairo 4s Div 1st & 1st 1951 Lines 1st gold 4s 1951 Joint 1st ref St L series 5s & 1st ref mtge 4s Illinois Vis 4 89 100'/a 98% 106 43 67'A 96'A J-J 96% F-A & ser 96% 96'A 8 "96 10 98 J-J 97'A 96'A 100% J-J 97 96 __ 102 F-A J-D 86'% 88 Vi 89 J-D 79% 79% 101% 82 95 'A 95'2 1963 J-D A 1970 J-J gold 4s 1950 J-J 1986 J-D Ry 108 »/a 100 100 100 98% 190 "f-8 J-J 1963 D 1st Union Imp 96'A 1963 A Ry 4s ser Indiana 111 & Iowa Ref 106 Va 84% 99 103% 101 % O— N C series Terminal Indianapolis & 102 58 __ 'A 74 811/4 55 73 75% "100'2 102 -- 98% 92% 70 9 -- Products 2%s debs_1970 National Steel Corp 1st mtge 3s—1965 National Supply 2%s debs„ 1967 ANaugatuck RR 1st gold 4s .1954 Newark Consol Gas cons 5s 1948 New England Tel & Tel 5s A 1952 1st gtd 4Vis series B 1961 3s debentures 1982 N J Junction RR gtd 1st 4s 1980 New Jersey Power & Light 3s 1974 New Orleans Great Nor 5s A_—-—1983 2Vis ser C 971A Northeastern RR— Ref & Imp 4 Vis series A 1952 New Orleans Term 1st gtd 4s——1953 {New Orleans Texas & Mexico Ry-~ §ANon-cum inc 5s series A 193a 101% A 1952 A 971/4 48 49% 59 98 A-O 20 20 'A 49 141/2 46'A 7 40% 59% A 1st gold 5s series C §Alnternat Hydro-Elec deb 6s 1956 J-J 43 43 46 7 42 1944 A-O 65 65 66 67 65 106 Int 1972 M-N 99% 105 A 30 44 series B July 1952 . Rys Cent Amer 1st 5s B 102% 102% -- 1 59% ■ J James Frankl & Clear 1st 4s 1959 Jersey Central Pow & St 2%s —1976 -1954 deposit • J-D 69% 69% 71% 25 MS 95 'A 95 V2 96'/e 16 69% ' 951/2 4 Vis series D Certificates of 5Vis series A ACertificates of New York 4s Cons K J-D 100% 100% 4 Kansas City Southern Ry 1st 3s 1st mtge 4s ser A Kansas City Terminal Ry 2%s 1950 A-O 103% 103% 6 1975 A-O 1974 A-O % 1987 J-J 115 115 7 115 105V4 123% 1961 J-J 45 45 1 45 68% 1961 Plain tAKreuger & Toll 5s 102 j-j 95 j-j J-J 105 100% 1051/4 103% 96 100% __ 2 95 112% 104% 105 88% 37 43 58% 64 69% 95»/4 js 75 75 77 3A 30 75 96 61 85% Lautaro A 1st Nitrate Co 102% 183% 100 101 'A 33 series A 67 46'A 47 48 'A F-A & ref sink & ref 5s 1st Leh OAs 1970 1 % 15 1 % F-A fund 5s 1964 stamped 1 'A Val Harbor Term gtd 5s 4s stamped modified 4Vis stamped 88 1974 igss 2003 modified _2003 102% 1% series 4Vis 88 103% 99% 75% 91% page 30. 85'A _ 101% 83% _ 87 87 5 83 82 84 87 1 82 87 76 59 % 61 23 58 64 % 13 62% 70'A 41 31% 33% 328 18% 39% 68 68 70'A 264 62'A 85 U-N 68% 68% 70 63 84% If-N 32% If-N 29 39 31 32% "29 A-O A-O M-S F-A 4-0 40 15'A 177 If-N 20 20 21'A A-O 68 68 70 57 68 70 186 F-A 68 US 60'A 84% 85 60 7 60 Vi 60 104'/a 100 'A 102 3/a 101 'A 102 32 63 62'A 6 78 106 103% 53% 55 55 53 63 67% 68'A 25 65 74 M-N 63'A 64'A 31 59 68 If-8 92% 93 53'A & 92% 3 101'A 2- 92 99% 92 92 98'A 99Vi 22 103'A 103'A 34 103 ~2 103% 106 Va 6 105 109I/4 118% 118% 5 118 Va 124 V2 101'/a 101% 6 101'/a 101% F-A i-D A-O "95 j-d 103'A 103% 105 A-O 105 90 101 99 "90 M-N 104'A IO6I/2 991/4 96% Xf-N j-d j-d 98'A 101 __ F-rA US 103 Va 103'/a 1 103Va 100 J-J 101% 101% 10 IOOV2 105 JS 102 102 106 _ 1 102 A-O 99% 106% 78 Vi 30 99'A 100% j-j 1057/a 78'A A~-o 82 'A d81 83 P-A 83 'A d83% 95'A 121 80 2 86 83 95% 51 81 Vi 83 99 87 102 971/4 IOIV2 95 Va 97% 89 % 28 79 d87% 101% 39 86 106 Vi 86 101% d80 90'A 87 Ve 90i/a 81% 65 'A 316 641/a A-O 72% 62'A 67 % 74'A 60'A 65 % 193 72% 82% 92% J-J 80% 80% 81'A 46 801/2 98 77 94 61'A 60% 61% 26 60% P-A 61 61 1 60'A 74'/a F-A 61 61'A 9 61 77 F-A "60 66% 57 72% 60 'A 61% 20*3 2043 1973 1973 76 j-j F-A 91% j-d 14 91% 101% 97'A 85 5 85 86 87 11 86 101'/a 99% 100 86 F?4 8 99 103 "101 If-N — * — 100 103 110% 100 110 112'A 100 JS j-j 64% 80 74 2 68 »/4 85% 68 16 53% 83 67% A-O 67'A 74 — — 8 19 66% If-N M-N 92 81'A 85 A-O A-O 124 M-N "7% 7% 8% 163 7% 2007 J-j 62% 62'A 64'A 678 60'/a 70 mtge conv inc 4'As ser A.2022 {AHarlem River & Port Chester— May 27 »A 26% 28'A 722 26% 381/4 -——-—1954 M-N 96% 96% 4 96% 104% M-S ref & 4s mtge 4s ser A A Gen ——. Ont~& Light 1st mtge 2%s_1975 N Y Power & N Y 1st cons gtd Putnam & Y 82 __ __ 33 % "•121 14 68 8 127 % __ __ __ 100% 99 99% "110 31 45% 43 99% 10 113 100% 101'A 5s N Y Telephone 2%s ser D__ {§AN Y West & Bost 1st 4'As 1937 1940 1943 —1982 1946 Niagara Falls Power 3'As 1966 Norfolk Southern Ry Co— A Gen mtge 5s conv inc— 2014 Norfolk & Western Ry 1st gold 4s_1996 Gen Central & ref gen 68 8 3% 4% 60 3 5% 21 96 1041/a 15 59 103'A 103% 5 105 107 96 96 96'A 61 61 62 105 105 32 32 " j-j js 105 JS 32 " F-A F-A 99 34 14 14 * j-j U-a 94% 94% 7'A 7% 108 A-O 127%, 108 45'A 45% A-O 1997 registered— - 2 » 77 99% 94% 211 7Vi 10 107% 45% 47 99'A 100 VA 43 33% 17% 92 101% 20'A 109 48% 127 136% 126% 15 -- 126% 128 50 100% 101 Qs 9% 8'A 126% 77 __ 108% 120 Q-J 29'A 83 96% 127% 127% -1974 1997 5 - 14 79% xr-n j-j & ref 5s——1974 4Vis series A Northern Pacific RailwayPrior lien 4s 4s 9 7 64'/8 66 65 62'A 62% 128 991/4 .113% 96 60'A 109'A 76 Va 52% General Jan 1 2047 Q-F 64 '/a registered —2047 Ref & impt 4 Vis series A 2047 Ref & impt 5s series C 2047 Ref & impt 5s series D_—_—2047 Coll trust 4 Vis 1975 QrA 62 Vi JS 90 VA 90 % 92 10 88% 101 j-j 96 96 98 15 91Vi 104 96'A 96'A 97 16 92 103% & 98'A 98 Va 99'A 75 98'A 103'/a 98 104 Va 96'A 104'/a 98% 101% 128% 109% 116 118 102% 99 99 109% 48 4'As 8 3% 80 118 22 gold §AGeneral gold 5s §ATerminal 1st gold 14 8 65 1017/a __ 99% 1977 J-d Us A-O 20% 38% 121 35 __ 99 42% 39% 30% 49 40 103% 110 28% 27 35 % 65 110 145 30 4s—-1993 2%s: Steam Corp 1st 3'As 1963 {N Y Susquehanna & Western RR— §lst refunding 5s —'.——1937 N North 29 "27'A 1949 see 99% __ 62% 1951 ..1963 ______ 101% 59 'A |f-8 Co deb 5s 101% 64 Va Jf-S stamped 95% J-J A-O 85 68 31'A 72% 2013 RR— 1997 1997 1998 1998 1998 1998 B Debenture 1st 3% 85 F-A Xf-N 62'A 68 1957 A 105% 100% 87 M-N footnotes 9 84% 1949 For 96'A 5 "82 1949 (Pi 26 F-A 1962 Guaranteed ref gold 4s debentures 91'A "99 Long Island unified 4s 3s 85 88 "84'A Little Miami gen 4s series A Lorillard 38 85 F-A 2003 „ 4 Vis registered 2003 5s stamped modified 2003 Lehigh Valley Terminal Ry ext 5s_1951 Lexington & Eastern Ry 1st 5s 1965 Liggett & Myers Tobacco 5s 1951 4s 88 3A "99 1974 registered 88 95% — 1964 __ stamped 82% A-O {N Y New Haven & Harford RR— §ACollateral trust 6s 1940 §A2d Lehigh Valley Ry Co NY 4Vis ezt.1950 Lehigh Valley RR— 4s 88'A I954 sink 47 US F-A Mtge 4s series B N Y Lack & West 4s series A {ANY A-O 1954 fund 5s_ & ref. sink fund 5s 5s j-d 86 »A 36 -2013 Mtge 4s series A_ N Y State Elec & Gas 5s stamped 1st, 1997 1975 67 u-a — registered gold 3Vis 3Vis registered New York Chicago & St Louis^Ref mtge 3Vis ser E 1980 1st mtge 3s ser F —1986 N Y Connecting RR. 27/aS ser B—1975 N Y Dock 1st gold 4s 1951 N Y & Harlem gold 3'As 2000 187 100 Ltd— mtge income reg Lehigh Coal & Navigation Co— S F mtge 3 Vis scr A Lehigh Valley Coal Co— 1st j-d 5 67 A-O Central RR Co- & 1st 4s 1997 64 Vi "62 'A West ref 4s—June 1992 A General 4s -——1953 V4 100 L Lake Sh & Mich Sou gold 3 Vis 3 Vis registered 90 19®* 3Vis registered Lake Shore coll gold 3 Vis 108 112% 180 __ "168 A-O _1959 ctfs 36 95 102 A-O —1964 - 100 "112'/a 1961 1997 unguaranteed Kings County El L & P 6s Koppers Co 1st mtge 3s 9 7'A ' _1961 1 4 '/is 96 97 17 48 89% deposit impt 4Vis series A Ref & impt 5s series C N Y Central & Hudson River General mtge 3Vis Ref 105 »A A-O 97 Vi 100 »/4 71'A Moo A 1st 93 Kanawha «fe Mich 1st gtd gold 4s—1990 Kansas City Power & Light 2%s 1976 __ 58% 100'A 46% deposit 3Vis Kentucky Central gold 4s Kentucky & Indiana Term 4%s Stamped 1956 5s series Mich Cent coll 97% 43% 7 70 —— C-—-—-A Certificates of deposit 65% J-J 5s — - A 1st 48 J-J 1956 Adjustment 6s series A A 1st deposit of series B. A Certificates of A 1st 5s {International Great Northern RR— A 1st 6s series Certificates A 101% 43 — 95 111 100 3(i 89'A Orleans & New A 1st " ———1986 3s ser B_ 1st mtge National Dairy Co— -- 99 N 85% 95 yyVi 96 V8 2 99 100'A 100'A & St Louis— Nashville Chattanooga 100% 26 loi': Chic 1st ref 93'A 76% Registered 111 Cent and 101 Va 98% 109 106 46 3A 71 93'A 95% "108Va 104 80 ' — ~8 102_ 105% 73'A — 70 101% 105 73% J-J 3Vis__.1951 gold 1st 23 1955 2%s_—1986 106'A 105 95 105 J-D 1951 3 Vis Springfield Div Western F-A 1951 gold 3s 5 98 m-jv gold 3Vis_.1953 gold 3s 96% 29'A 100'A m-jv 1951 gold 3s 26 'A J-J 1950 Term 96'/: m-jv 1953 4s St Louis Div & Term Gold A-O 1955 gold Bridge gold 4s Omaha Div 99% 1966 Div 101% 71 1952 5s Louisville 9 101% 101% 1955 4%s Litchfield 101% 101% A-O M-S 1952 gold 4s trust Refunding 40-year J-J 102 1951 Purchased lines 3Vis Collateral "101 1951 sterling 3s M 4Vis series B Constr 105% Illinois Central RR— 99i/a 5 99'A 100 is i-D 1967 B—-1966 1958 1st gtd 3ViS——2000 series A 1955 5s 102 Va j-J i-O gold 5 Vis ser A 1949 ref gold 5s series H 1980 A 1st & ref 5s series I 1981 Moh'fc & Malone 1st gtd gold 4s—1991 Constr 106% 98% 13 100'A is & Morris & Essex 103% — r» Monongahela Ry 3'As series Morrell (John) & Co 3s debs Illinois Bell 80 1001/4 1001/4 "7 — 81'A j-j AConv A 1st 4 1965 1915 —1977 1978 4s & ref 5s series F 99'A A-O 1978 adjust 5s series A—Jan A 1st & 102 'A 102 J-J 1962 B series D 4 Vis 93 95i/a ' series 4s lien Prior 77% 102 101% 100'A 100'A us 40-year 78'A __ 95% "96 j-d M-n A General 64 80 95% 1955 1979 A 1st 23Va "23 1st mtge 3Vis_1969 ! 1968 1st. ext 5s to*" Minnesota Mining & Mfg 2%s 1967 Minn St Paul & Sault Ste Mane— 1st mtge 4 Vis inc ser A Jan 1971 A Gen mtge 4s inc ser A—Jan 1991 Mo Kansas & Texas 1st 4s 1990 Missouri-Kansas Texas RR— Prior lien 5s series A 1962 140% 90 85% "100% 102'A 109% If-N j-j u-a 1st gold 3Vis Ref & impt 4 Vis Michigan Cons Gas 1st mtge 2%s {§ A Midland of N J 97% 98 84% 1951 C~tral— Jack Lans & Sag 3Vis {Missouri Pacific RR Co— A 1st & ref 5s series A 95'A M-8 J-J J-J 1949 mtge 71'A "100 101% H Water 71% M-N A-O ACum Hackensack 1966 8 95 86 J-J J-J 1975 Gen Gull 101'A —1972 113'/a 112% J-J J-J J-J 1959 (Southern Lines) 4s—1959 AManila RR May Dept Stores 2%s debs— Mead Corp 1st mtge 3s r, Ohio RR & 4s series B mtge 1st & 101'A 1954 4s sink fund—Feb 11957 Sugar 122% Feb Greyhound Corp 3s debs Gen 103% j-d j-d 113 Feb Bay & West deb ctfs A Debentures ctfs B Mobile 86% 98 "7 1960 A ser 121 Va 113 J-J J-J 1976 . Gen 1st & ref 77 85 98'A — J-J 1973 C Gen Gulf 98'A Co— series B series General 4 Vis series D a 98' RR 4Vis mtge & coll 4s ser B 1st Manati 2%s_1965 Grays Point Term 1st gtd 5s— 1947 A4s Goodrich -- 100% 104 104 115% 106 lien 3s_ 3s Northern States Power 1st mtge 2%s mtge 2%s (Wise) 1st mtge 61 Co— (Minn) 1st 2 2%s 1974 1976 191? 98% F-A 96'A A-O A-O — 96% "95'A 96% 14 -- 72% 29 30 THh CUMMEKC1AL a,- (2334) • FINANCIAL CHRONLCJLE f,;' Monday J."' . YORK ; BONO; RECORD NEW V RANGE FOR WEEK ENDING DECEMBER 5 BONDS Interest Last Week's Range or Friday's Bonds Range Since New York Stock Exchange Period Sale Price Friday Bid & Asked Sold January 1 NO. Low Low Friday High BONDS New York Stock Week's Range Interest Last Period Exchange Sale Price or Friday's Bonds Bid & Asked High Low " Shell Union Oil 2%s debs High Range Since January 1 Sold No. Low High A 1st guaranteed 4s 1948 Ohio Edison 1st mtge 3s 1st mtge 2%s J-J 10% 10% 10% 20 10 19 .1974 m -a 100 100 100% 11 1975 A-O 93 93 93% 19 1975 f-a 93% 93% 5 RR 3s ser A—1960 a-o 103 y4103% 43 103% ... Oklahoma Gas & Electric 2%s Oregon-Washington _ 103% A-O 92% 93 y2 1941 F-A 39 40 Skelly Oil 2"/4s debs Socony-Vacuum Oil 2yas tOgdensburg 3c Lake Champlaln Ry— 1971 t§ASilesian-Am Corp coll tr 7s 1965 J J 98% 99 M» 17 1976 98% j-d 103% 92% 93% 99 1963 92% A-O 100% 124 1979 J-J 101% 102 100 107% South & 93 103 V* ouuLiituu 93% 103 3s 106% 2%s Ala Nor ticil RR gtd Southern & ref 3l/as series I 1965 j-d & ref 3s series J 1970 j-d 1971 j-d ref 3s series K 1st & ref L 1974 St ref 3s series M 1979 St ref 3s series N 1977 j-d 1st St ref 2%s series P Pacific Tel 2%s 3c series Tel 2%s 1981 -1987 Paducah & 111 1st s f gold 4%s 1955 Paterson 3t Passaic G & E cons 5s_1949 Pennsylvania-Central Airlines— A3M»s Pennsylvania Pennsylvania Pennsylvania i960 Glass ctfs Sand Power & 1952,s 3%s i960 10 100% A 100% 109'/a 5 100% 109 y2 93% 5 96 75 93 104 y2 96% 102% 96% 7 102 y2102% 55 m-B — »—* 0 CO 1 1 — ■ a-o 38 41 103 103 38% Jf-ll Pacific j-d — a-o m-n Gen mtge 4V4s Conv deb 3%s Gen mtge 3y8s 91% 91% 90% 90% J-J 113% A-O 91% 111% 103% 106% 1951 101% 108 J-J 103% 103 3/a 1 102% 104% Sunray Oil Corp 2%s debs. 99% 100 V* 34 99% 99 Va 10 99 __ 100% 100% 5 100% 100% 2 10135, 103% 115 1 110 122% j-d 98 100 211 1968 j-d 98 101% 101% 104% 102 igsi A-O 92% 92% 93% 1984 j-j —1985 i960 96 V„ 101% 2%s Co Ref & imp Rei lib^a 92% 92 Va 94 23 91% Apr 96% 97% 81 95% 103% 77 77 77 13 77 101 61 61 % 13 59 a-o Apr 1974 f-a 1980 M-B 18% 17% 18% 91 12% 42 100% "106V4 106% 100% 100% 100% 106 . —1972 M 4s ser C %s series D__ M 3%s 39 F-A 11977 j-j 1961 118 j-j 4>/4s "102y4 112 . 106% Co— 118 106 >/a 106% 1 120 __ 5 M-N 99 25 99 98 y2 99' 31 98% A-O 93% 1970 98 y4 98'/2 13 98% 1981 j-d 98% 105 —1937 j-d 98 98 12 y2 12% 11% 1964 f-a 1988 1974 9934 i2y4 1st 6 37 OH 1971 3%a tr 2%e 3s deb .1967 Pgh Cmc Chicago 3c St Louis Gen mtge 5s series A uen mtge 5s series B 3%s 2%s 2,Se * Chern 1st mtge Pittsburgh Consolidation S%& 15 101 125% 17 101% 127 Va 88 If-Jf 87 __ 5 87% 102% Cons 104 102% 26 100% 104 oeb f cons 4s 102 14 101 j-d 105% 102 102 102 9 102 105% j-d 82 82 a-o 81 81 a-o 83% j-d 101 y4101 y4 F-A 196* "115 —4 6 75 3 73 A-O 95% 95% 96 97% 97% 98 13 g 4s series B 1958 jej 73 & Coke 1st 1978 1957 1st 99% 100 1958 A-O M-N _ 1955 101 115 1970 103 inc ser A^_ Jan 1981 Gen. mtge inc 4 Mat te* B Jan 1991 1st mtge 3mi8 ser B— 1971 Walker (Hirami Q:Sc W;:2%$ debs-1966 117 98% 101% Ward 113 10 5%s debs - O—1995 (subordinated)— 3V4a I960 ' Corp— ___ 1977 ~~1967 mtge: 3^5 aeries I ige* 31/48 6erlea ■' * Louif 1st 44a— -1969 4y«a stamped 108% 162 164% Westchester 242 : 97% 103% 1 86% Maryland 1st 4s_ Pacific 4MfS inc ser 102 ; 105 59 "6% w , 7%. 60% 7 1971 199- 1955 ' " ' • - 2022 Louis-Southwestern Ry certificates bond ctfs St Paul 3c Duluth 1st cons Paul St Kansas a-o 96% 10 81% .1952 V?, lggf 96 400% 94 - 90 88 9 105 Va < 92% 100/ — 105 - 109 y2 M-N 16 105 10 loeya 97% 106 y2 97% 99 82 A Certificates Electric Public , - J-J 45 76 y. 95 87 54 75 , 97 y8 60 55% / mil 101% 58 . 57% 6 100% 97; 103 57; 18 • ii j-d 'c-;."ii MrS - "__• of . ArO J-J , ■ , 70% if-N 16 Va j— l00.Vv-:\102% V96.;' 98 Va UK . v 70 82 16% 17% 102 1 .'j 13 s v 60/i , "16V2 j-b v' ,94 51 ; 82'% ,75% 66,. 97 ' __ 94 y4 8 .9^, 102. 403% j-j 101 80% 80% 82% 172 79% 92% 51 % 52% 391 37% 57% US 100 J-J j-j f-a 100 101% 87 87 90% 90% 91% 46 y2 46 14 100 2 83 90 51 78 Yonkers Elec Lt 3c Power 2%s_—_197fl 101 Va 97 97% * a Deferred Included 47% J-J 105 104% j-d 193 not 32'/8 47% 105 V4 a-o 106 Va in delivery sale not the year's range included In the year's n Included in the year's range / d Ex-interest .'. t Oddriot 'sale i not Under-the-rule sale not Included, in the year's range. rCaeh>sale range, y Ex-coupon. 1989 US ii 126% 130% 1998 J-J Gen mtge 4y2s ser A .2018 Seagram (Jos E) 3c Sons 2%? rtehs_196P 99% 99% 100 122 j-j 99% 62% 101% 62 63% ^Companies reported as being in bankruptcy, receiverahlpr.or reorganised> under the Bankruptcy Act; or securities assumed by such .companies , , 144 »-d 58 % 94 94 76 Va 94 Va 11 94 98 . ser A , ,} 92 ' 51% 1941 A - 15%' ^Negotiability impaired by maturity. fThe price represented, ie the'dollar quotation-per 200* pound unit of bonds. 'Accrued Interest payable at the exchange rate:'«f-.-t4A484.:'V'-..," 1st mtge 4s , 105% '116% .118% yj'4 147 , 3y4s_—.1971 106 .9»;MPl.%V 1 2%s. V* 72% 106%/: 96% 102% 103% •;:__v,-;^112 j-j deposit.,—_ Power 102% 76 55% 104% 99% . j-j y2: 103 6 ,41 , Jf-N : , 93'/a 97 f, ,-58 98% 92% 85 101 , .79% 187, 91% 1 85«/4 MS 1st 4s_i.__\.__1960 >: 8ervice ./•; 107% 100 */* .106 21 98 < •92y2i ' j-j M-S IASU & Du div & term 1st 4s__ Wisconsln . 109% 100% 100% 97% M-S M-S . f. » ^ ..." ' 1 > .qo. 1st mqrtgage 3s—.—1,958 Wisconsin . 113% 105% 99 100% ; 103 99 107% 107% r <107% 60 100% 101%. — 102 y2 "109% 113% . 107 Va 50.. *•' "* IWlsconsin .Central Ry § A 1st .-general 4sl_. A Certificates of deposit 105% 91% 54 "98 May 1992: 15.% 96% 10 105%105y2 "106% A-O ^_^-196Tt; ser 7% j-j All—1990 —1971 2%i8 Wilson & May gold 48.1966 St Paul Union Depot 3 "4s B Scioto V & N E 1st gtd 4s Seaboard Air Line RR Co— aeries ref M mtge Wihston-Balem S B City— ,Llne RR gtd 102 y2 v , ;_^1971,. 13% 81% 109 j-j Nov 1989 AGen & ref gold 5s series 96% »—■ 80 92 77 92 "51 J-J A—2014 —„— 60% ; MS 105 m» J-D - 4s' guaranteed—-2361-. P ' iflpn V 1st ' J-J 1st 41 47 10 7 95 y4 91% F-A -.wiieekdg.8^qel3y<s ,6eriesc.^i^l970f^ 11R. 108% 110 9 7% 106% 10 76 y2 93 y8 "93% 91% Q-Jf Registered-' —,,--.A-._^236i..v Wheeling & Lake Erie RR 4s ..1949 * : 60% Shdre' Gen Ac 108 w ..1995 . 2%s debentures . West "128 108 y2 108% 92% F-A tFuhding. 3c real estate 4yat-—i-1950. 25-year gold 5s... ; 1951. % 30-year 5s J J ;—_..___1960 Westinghouse El & Mfg 2y«S_—-1951 . 99% s a 6t Louis-San Francisco Ry Co— f 1st mtge 4s ser I 102 53 US 1934 .1941 87% 106 97 ' j-d Ltg .5k stpd; gtd——1950 mtge 35/2s___, _1______1967 West Penn Power 3%s series 1^—1966 Gen Western Union Telegraph Co— 98 Msf US us • inc ,102 M-M I949 •tPd StLawr At Adir 1st gold 5s bond Jf-N •86% 98 63 82% v. ik'Sb* A-O 1970 ill : 86% 81% Jf-N 237 Jf-N 99 % 98 t M-N ; Warren RR 1st ref gtd^old 3yas„2000,. Washington Central Ry 1st 4s^__il948 Washington Terminal 2%s ser A—1970 /. 1 aer 100 V* 111 Baking Co— 106 j-d 98 98 % 97 81% f Ajpr Apr < 108% 103 '141 J-J " 104% 98% 107% 17 95 107 If-N j-j 97 m» 1 97 Apr Walworth Co. conv debentures 3V4s,197Q 107% 113 "90 109 Ye '• Gen mtge 4s , 106% __ 8= us 12 111 W Wabash RR Co—- 101% 101 j-j .1964 A—.., mtge inc 4 Vis ser A 100 % 102% 92 __ "105%. 97 38 j-j 1998 5s cons 97% MS 2003 Virginian Ry 3s ser b "115 Jf-N 2037 stpd 95% 97 % . 108 MS gold 5s—1949 91% F-a 2037 5s 100% M-N . P 98% 103'/4 V 92 F-A 1957 series A -•* 3c 92% % 99 Va 87 15 M-8 92 91% 20 __ "118% jrj 1977 ; ser 16 .1959 1st & ref mtge 2%s ser E_ Va Iron Coal 102 1—1968 314l~ 3s 11 ..1967 3%s debs Pictures s Western 2d gold 6s 8t L Rocky Mt 44 92 M-N Va & Southwest 1st gtd 5s 102 j-d Quaker Oata 2%s deb. fiaguenay Power 89 y4 99% lOO'/i A-O .1976 debentures Western RR 88% .1966 debs Virginia Electric & Power Co— j-d J-D ret mtge 5s ret mtge 89 4* 105% M-a Vandalla RR 103% 102% j-j 1974 3v4s tAPrnvideqe? Becurltlcs U^.^ n«ce TerrQinal 4a 8natflan 112% 104 y4 102 7 119% , 103% ^1977 Gen mtge 4 Mrs series D Gen mtge 3%s series H„ 102 RR— 2%s S Rubber 118 D_ Elec 108% 100 102 104 y2 118 104 194a „ *££ mortgage 3c 107% "98% 102 106% "110 1959 »eVlrC„.C0PPer & Brass 102 96% 2%s 195a Potomac El Pwr 1st U 3%s Rochester Gas 97 __ 97% Universal Il960 1st 3c ref 3%s 105% 121 ya 101 1962 htilmr ^ ist 3c ret mtge 3s 100% 28 107 v2 C— inv 70 96 104 __ 18 115% 1950 B series 7 __ u A-O Fltto Youngstown & Ashtabula Ry %.s series 100% 98% 112 102 3y2s_1864 4%s series B 1st mtge 4'/2s series C 5s 104 79 V4 41 1991 107% j-d 4,/2s—1950 ; 101% * 157 98 107 a-o St West Virginia Ry series A A 5 18 64.% 97% 118 a-o 1965 series 61% 96% 115 1975 1st mtge 4y2s 1st mtge 5s 105 F-A "112 Coal— 1st gen 4s series 95 % J-D jf-n 1979 debentures fif61 ist mtge 4yas series B 99% 3 96 1976 F-a F-A ~1975 p 103% 137% RR E ser 93 90 124% .1970 debentures.. Union Pacific U 1964 5 3 96% J-J Ref mtge 2V2s series C United Biscuit 23/4s debe "i960 ~1963 62 M-N coll 106 gtd 4V2s series I Cons gtd 4%s series J 106% 107% 5 101% 101% 82% 82% A-o Calif of 102% Cons 129 99% 103 debentures 2%s 104 % 10u% of Mo 106 no2 95% , j-j 1960 Jan 1960 .1975 mtge & Union 12% 99% 99 Co Electric 102% ?8t 103% U Union 14% 99% f-a 93 y2 90 MS 106% series 93 124% 124% Corp 2%s debt—.1961 102% 4s 99% 103% 115 5 46 100% 100 % 110 A 2d 106 Va 98 4 98 103% Jf-N 4s 115 104 MS j-d 4s * 101 5 J-D 1957 1st 92% 98 1st gold 5s—1949 1953 A 2nd 56% 101 % 98 j-d on 3%s RR of New F at 15 Pacific- gtd 4s series G Cons gtd 4s series H Cons ffARutland 104% 45 Va __ 90 J-J Pacific-Missouri 105% 12 99 y2100 y4 j-d Pgh Cine Chicago & St Louis Ry— Cons gtd 3y2s series E ig4g 98 98% j-j & L Erie 2%s__ 1996 Pittsburg Bessemer n 93 y4 110 103 A-O 1st ref. 4s— AAdj income 5s__— 1051/4 . 51 115 98 J-D 105% 98 V* tin 87 V101% 101% 92% 93% 103% .1990 Tri-Contlnental 2%s in t«?onTm^ 94'/4 108% ref Gen 105 y2 102% 98 A-O .2000 Term 126% 105 3c §APhlllppine Ry 1st s f 4s ■f Certificates of deposit E.ALps Petroleum 23/4s debs w 117 102 j-j 5a Third Ave Ry 130 M-N ♦ ! 106 y2 121 106 rr— ser C Trenton Gas & Elec 118 M-N Reading Co 103 109 __ ,1986 Tol & Ohio Cent ref 3c impt 3%s_1960 1974 1974 1st 3c 103 y4 6 "100 -- .2019 Gen 8c ret M 3%s ser E— 106 y« 1971 1st k 91 12 "49 ■ •• 92% .1966 1st. gold Pacific & Texas 105 —1967 APlttstonx'o; 94 y2 128 12 93% — JS ref M 3»/4s ser B— 1st & ref Texas 75% 2%s 4 98 107 "102 — J-J imp 2 dc 1st & 118% 97% j-j 2%s gen 92% 111% 111% 112 __ F-A 1966 debs Texas Corp 3s deb... Texas 3c New Orleans 125% 2%s &fen 60 Terminal RR Assn of St Louis— 11R i'. ref lst 89%' • 104 a-o Apr 1990 Ry 5'/2s 3%s ser D 100% 89 1952 tr 100% 1st -ir. 89 105 100 y4 ret gen 94% 89 4 106'/a 99 16 105% 106% 94 Jf-N * Standard Oil 100 104 106 A-O ASpokane Internal 1st gold 4%s—2013 Standard Oil of Calif 2%s debs—-1966 (N J)' deb 2%s——1971 1 3c ilst 91% 105% Bell Tel 2%s debs...1989 89 119% 114% " & gen 6yaS series A. Memphis Div 1st gold 5s St Louis Div 1st gold 48— 98% 83 y4 100 84 80% 89 l-O 1st 3c ^.j 83% 83 — 80 A-O 1st 1st mtge 81 91 102% * -- J-J 1965 F Philadelphia Co coll Philadelphia Electric Pittsburgh 97 90% 83% J-J J-J 1996 115 General gold 4y2s series C 3%s 92% J-J 1956 m-N Phlla Bait & Wash RR CoGeneral 5s series B Peu 74 Co— RR 1956 f-a 1948 series ser Pere .Marquette Ry gtd 81 -- 101 Devel —I960 Peoria 3c Eastern 4s ext Alncome 4s Peoria 3c Pekin Union Cons 90% 97% J-D Devel & gen 6s series A—; 67 103% Jf-N ser A-1970 102% 8wlft '& A-O mtg 3%s 103% 38 104% 96% 96% lu- 154 (: 93% 6 "81 102% 96 109 V* 68 96 104 "104 126 101 96% MS 1981 1st mtge 2%s ser E_ 1986 1st. mtge 2%s series F 1996 1st mtge 2%s ser G 1961 Southern Ry 1st cons gold 5s 1994 Devel & gen 4s series A-.__„__1958 104 84 y4 15 94% MS 1st 93 126 -- 96% J-J 1977 4VaS Southern 109 25 — j-j —1948 gold 4s ref 100% 100%' 100 y4100% A-O A-O ___19G5 ; vons 1st & 109% 93 RR— 4» sterl stamped dollar. sinking fund 4%s_„ General 4 y2s series A General 5s series B General 414s series D_ /- 101% 96% — 1975 t debentures— Pennsylvania Consol 14 Light Co— 1st mtge 3s— s San Fr Term Co— jGtd 4s aeries E trust 3s 108 y4 Southwestern inc debs conv Gold 101% __ 100% 100% —— j-d 198" debentures—., 100% 109 29 j-d 1985 debs debentures,: ■k 3 V#s 1994 99% 39 93% j-j 1969 108% 102% 103 101% 101% j-d 1st "108% 102% j-d 1st 3s Ry 2%s 94 92% 4 Co— (Oregon Lines) Gold 4%s 1st 1st St 4V2s F-A 1987 Indiana Pacific 1st 1st 1985 debentures 52 __ j debentures Southern 92% i'ei Co— lei 3c debentures 2%s Pacific Gas 3c Electric Co— 5s 92% "127 / 6«etRm;,77 of •• • .•Friday's bid and asked. prices; no a Bonds selling flat sales being transacted during current,week ... TT - • , , : ■Al L swwWwWfi *$5$Hffi5*',£ s^t fl«Ji< .V,' fy %>!#< . 1 Volume 166 •' Number"4653 - •• •■ •• iSJ-v !« • •►.""vV'i- *'■!?. •■••'•'" '""'".'t ' ———»•— NEW YORK CURB EXCHANGE WEEKLY footnote a the in deferred and NOTICE—Cash in week delivery which in sales are disregarded in u.ey No occur. account the week's taken is such of AND unless they range sales in YEARLY are computing RECORD the only transactions of the week, and when selling outside the regular weekly the range for the year. ranee are ahnwn In the following extensive list we furnish a complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday Nov. 29, and ending the current Friday, Dec. 5. It is compiled from the daily reports of the Curb Exchange itself, and is intended to include every security whether stock or bond, in which any dealings have occurred during the current year. 99 RANGE Week's Friday York Curb Exchange Range Aluminum Wire Co Adam Hat Stores Low Low 3 500 3% 3% 4 1,100 '% "6% 6 J/2 8 3% % 134 12 34 1 Alloys. 13% 6 Aeronautical Products Inc..... 1 3' Aero 1 1 Supply Mfg capital stock Agnew Surpass Shoe Stores 5% Dec 12% Feb Bridgeport Gas Light Co Bridgeport Oil Co 34 Oct Brillo Dec 11% Feb 2 Aug 3% Oct British-American Oil 1% Dec 3% Feb British Air 2 3'/4 3'A 3'A 1,300 600 3 "l 7/a r July Feb 12% Oct 31 10 "7/a 15~ 10% May 6% Nov 2,800 Feb American 41/4 38 Amer Feb dep rets ord % Nov 5 J/4 Jan 1,500 2'/a Nov 9 Jan Alaska Airlines 234 3 6 6 6 J/4 700 Jan 7 Oct Brown 50 80 80 84% 50 80 Dec 92 Mar Bruce (E 100 94 y4 94 J/4 94 J/4 25 94 '/4 Dec 103 Jan Bruck Silk l 2% 2% 3 J/4 3,900 2% Dec 5'/4 Jun 6% Aug 8' Dec 11% Alles & Fisher common Allied Internat Investing Corp. Allied Products (Mich) common Altorfer Bros Co common.— Aluminum Co of America 53 >/a 53 96 53»/a 100 96 '/a 300 24 J/2 • 100 * 167 5,600 2 1 2 2 '/a 400 2 83 85'/a • 18% 400 625 109'/4 Dec 900 2 >/4 i 41 J/4 41'/j 41% 150 31% 32 J/4 lu% lo Va It 30% 30% American Mfg Co 25 16 J/4 16 16'% common Maracaibo Co i American Meter Co American Potash & Chem Class B American II" Products Co _ Post > preferred— 321/a July Apr 17 J/2 July May 41/4 Feb 800 1 6 400 1.200 8'% 834 3'/a 3% 3 '/a 10 10 100 99 J/4 98'/a 100 X 5'/a 5'/a 5% • 5 5 5 >/4 5 10 — 10% lO'h 43% Feb 23% 540 113 Feb Nov 2.50 11 »/4 11 »/4 12 l 13% 13 Va 14 '/a 63 Atlantic1 Coast Line £x 8% Amer Coi'p. warrants— Atlas Plywood Corp—. 50 Jan 10% 8% 24 Dec Jan, W) (A Co 11% Central Power & 8'/a .11 »/4 114 South 7% 14% Feb 15 J/4 Nov Aircraft Chamberlin Charis Co Corp Nov 9% Voting July 7 Feb ^, Baldwin Rubber Co common.. ■■, Feb Cities Service Jan shares. • ' »f Barium Steel Corp..—..-... Consolidated Jan Dec Clarostat Mfg Co Claude Neon Inc i Banco do los Ande$-^- > ' ._ Barlpw»& Seelig Mfg-r •;. || - $1.20 convertible A common... 15 f Basic Refractories Ipc I,. r Bpuinian; (L) & Co , common .714 Feb Nov & 5 16% . 5% 57/a 12'/s| 16 5 l 1% 134% „_l Watch Co Inc.. Benson & Hedges common U< • Convertible preferred. % (Berkey & Gay Furniture v 16; .' 100 j-: f Beiirus 16% 87/a 75 Ridge Corp BlUm it'f (Philip) BlUmenthal m 134 6 , Bohack i v V 7% (H C) 1 '/a Co Borne, Scrymser Bourjois Inc Brazilian Traction For 133'% see 42 »/a Apr May Sep 1 Plow Co 8%; ;__.j 1 1. 54 Dec Nov 119 July Dec 20 Jan 114 ~4% 47a 63a 22,400 47« 7% Dec Oct 1% Sep Apr 3 Apr 9 11 Mar J/4 800 6 May 9 Jan 250 30 9% 3,500 X78 99'% 60 19 19% 92% 92'A 50 9% 22,800 8% May 11% 17 J/4 17% 50 11% May 24 J/4 Jun 69% 75'% 240 8,3 % Jun ~6 8 ~6 32 ~6 34 J/4 78 8 J/4 19% 9'/a 69 J/2 9 43% May 8% Nov 300 x78 Feb 17'/a Dec Feb 96% . 15 J^ May 92J/4 Feb 2IV4 July Dec 48 102 May 12 Apr. 12 14 3% 3'A 8 — % .! 400 |12 2,300 ' 2% 9'/a 700 8 % NOV; 151/4 NOV 41%/Jan. ,, Jun 23% 24 100 11 Va Oct 191/e May 27'% 71 J/4 125 70 Mar 77 14 May 19 ~ ! ' •f ( 9% NOV , 70'/s 23% Feb :;.t, 23'% Feh/< j Oct •3% Jan 22'% Jan fl 12'/a May. 13 14 ..'-'Feb •; Oct , J%. J8B . Nov ~5% 1,100 5 Va Dec 7'% Oct 5% "a 'ti. 108 1,400 5 Dec 7'% J s Oct 1,700 250 % 93 Dec H/ Oct 15 *9'% _9>% 500 .8%.May 15'/a 15% 400 13% May 2,000 1% Sep 1% Dec 10 % May 2 7 7 7 200 3% 3% 3% 700 3 7 7 7l/2 2,500 1 Colonial Sand & Stone Co. 6'% -.1 6 J/2 4% 4% 25 32% 32% —1 ;4% 4% Colorado Fuel & Iron warrants.—_— Co ^ warrants- Feb Oct 9% 13% NOV Jan Feb 41%' Feb 11% Feb May 900 Hi 27»% 36%' NOV JVa May 5% Aug 32,200 10 27% 25% Jan ;2,300 '5 1 Community Public.Service——25 Jan 166 Aug 4% May 3% May 3,100 5 »ri 28% , Jan 3% 10% .2,900 6% 34 J/4 500: 8 27'% Dec .; July 7-.. I Feb J*..Aug . Jan fl/!® & Jan , ! Cg 34% Jan Compo Shoe Machinery— 3% Jan Feb ext to $3 preferred Consol G ELF 100 4% 114 69% ' 70 - ■114'% 114 1,600 160 100 Feb 35 J/2 Jun Consolidated 2% Jan Oct 11% Feb Continental Car-Na-Var Jan May 2 Jun 43 Feb - Jan '83% Jan 112 Nov 118'% Jan Nov 110% Jan Jan 68% Nov —1 ~8% "8% ~9 2,103 x7% May 0% 74 34 74 76 '/a 1,675 63% May 85% .10 2% 2% 2% 1.400 2% May • 30% 30% 3 l'/a 2,500 13 13 13 % 3,800 7% Apr Jun 2% 600 2V4 Oct 1,500 ■ 21»% Feb 3'% July 35% Nov 15 Nov Jan 11% Jan Nov % —5 Mining & Smelt Ltd Consolidated Royalty Oil May 10'% 6% 100 ' 107 70 Bait common— 4 J/2 % 23 , OH GOO 34% '% '% —— series B preferred preferred series C— Consolidated Gas Utilities 11 7 J/4 7. —1 1956 & Coke Secur common.. Conn Gas 24% Mar Consolidated Textile Co 10c Corp Fdy & Machine Co—, Cook & Apr Cooper 37% May 55 Jan 132 Apr Copper Range Co Cornucopia Gold Mines.. < 116 ' May May 4 Paint Varnish Brewing 21'/a Jun 37 Feb 17% Jan Corroon .22% J°n 8% Noy. 201 Feb $1 Cosden 1 12'A 12 »/4 13 J/4 34 34 class 5c Petroleum IO3, convertible preferred— , ... Feb Aug 1,100 2% 9% 10% 2,950 8% July 16 4,800 % May l'/a Jan 1,300 9% May Feb 10% Dec 11 Feb 5,900 11% 2% Nov 15% 4% 400 11 % j»n 14% Aug 3 '/a May 6'% Nov 31% 3% 3% 13% 13% 1 '5 '/a 5% 5% 2,900 so 481% 4 8 J/4 48% 50 —* • common Feb 3% 250 2% 13'/4 1 A 19% 41% 35% % 9% • Reynolds 10% May May 26 3% Aug 2% 1 • & preferred 2% • Co common Coro Inc Nov 15'/a. Dee Co 2% ..1 < 36 . J-1 11%; Jan Feb 49 3% 7 9i/a • ordinary— Commonwealth .&..Southern . 6% Aug 2'/a 1% '4i> Feb 9 '/a .23'A :'p, Jan 41.- 15'% 1% 1% Mar 148, Jan 15,800 • Commodore Hotel . May 37 J/4 Airlines.: Colt's Manufacturing 1 110 34% ■ 5% 35. Jan 350 Continental 1,500 43 '/a 150 Dec 334 i 914 170 135 15 " Nov 54 135 161/4 5,300 5% 53 54 ——100 Dec - 10'% 9% Jan 66% Jan Jun 16'/4 Jan 100 9 '/j 6% 20,000 3 15 1,300 34% common Development 13% 151/a uU 10 Va 2 7% • • lOVa — 11 1,100 io Mar 11 2,800 20 45 2 5,700 271/2 Sep 1% May U 3 J/4 271/2' Jan 33 J/2 4 9 J/a 350 3 175 1 ,—-1 16 >/4 43 4,200 40% 10 3 '/a 42 J/2 Jun 1% 38% ——5 common 7 'A 25 165 150 "l'/a 40'% 108 Lambert Mfg 6% May 400 1241/4 1241/4 .... ... page Feb 180'/2 Dec 8 9 __ioo . J_; 23 Nov 8% 9 Nov - "l'/a 5'% 121/2 25 Aeronautical footnotes 3.»/4 15 • Light & Power.; Corp common Brewster ; Jan 8% Mar May l'/a July 8,900 Jan Jan —1 151/a • Co. Dec HJO 8 1 — v, 1,900 1% 15'/a 15 7% Feb 16 1,300 t 93/a 8% ,1 common... common 20 »/a 5 -. 9'/a May 9 '/a May 5 Consolidated Steel Corp common _3 Inc.: Co 19% 31 l ___ 1st preferred... Breeze 600 800: 2 137 >/4 8% ; 16% J • .common^.,;.^.: & Co (S). & May May 5 J/4 common.— .1 common.. Apr 6% Oct 9'% May . 16 l Birdsboro Steel Fdry <Ss Mach Co com.* i 16 GOO • »v Blue Feb 11 July 3% May 200 6 14% • pi Blauner's 13 Colon Colonial Dec Vtc 6 i S) Shoe •.Corp.q.z i; Bellanca. • Aircraft common fi-f Bell; Tel* of Canada—..; Inc Jan 8 14,700 Oct 42% 9% May 300 61 35 I __.l (A* til Bitikford's Cockshutt 37% May 100 ' i } j ;• Beau-Br tun mel Ties common... Becte 1,800 .1 i 1, May -10 Corp.^ Club Alum Products Co— 4 %' 22 1 ,—100 Mining 17»/5 ___! May 5'/a common 27 10%, 11 22 5 City Auto Stamping City & Suburban Homes.. 9 Chief 15 ii ii'yi American. Jan * §Childs Co preferred 37 2,200 " Feb 23'% Mar Nov • 63 17 >/a 551/4 Jan Nov May 4 trust ctfs__ 16 35 18 Mar 5% 18 —10 Clark Controller Co.. v 50 8 10 Dec 2% May Feb Nov 48 »/a 18% 6% 26 5 common 16% 35. 700 .10 common.... Chesebrough Mfg common Chicago Rivet & Mach.. Chicago & Southern Air Lines 5 '/4 May ■ 3,100 20 com—2.50 10'% May 24 J/4 Jan ... 18% /8 Nov Amer new of 1,400 48% I 3 'a Apr 3% Mar Jan —-1 1,000 __30 4% Jun Nov common Co 6% ; 3Vs 20 .100 ,--10 1929 Century Electric Co common Cessna 16% • • ; 100 -100 Mar 6% Co. Locomotive*-;-, preferred.^.— 13% Aug 18 —100 preferred July B K ,! • 121/4 May 20 preferred—100 Clinchfield Coal j/- Bald win 18% 1 Conv pfd opt div ser Conv pfd opt div ser Clayton j j»Babcock & Wilcox 3 100 • pfd Corp ICentral States Elec 6% Feb 6% July 6% July Jan West Oct 114% Mar Jun Light 4% Central & Feb Apr 3% May 600 17 100 3% 6% 1 24% May 4% Dec 2,800 .3 3 1; 3 100 15'/a com 13 Feb Co— preferred • new 7 6% 10 Power 50 , 10,900 5 J/4 l'/a Mar Nov 2% July 6% Jan * & Co M) Maine 3.50% 11'/a July 4% Nov 2% 1 common Corp of America Central July 5% Dec —__25 Corp (J Central Ohio Steel Products Jan Nov 4% % 3,800 2s 6d 7 J/2 9% May 25 3 '4 1 dep rets B ord Apr Jan 5 J/4 13,600 2% • Co _:5 common.. 6% Biscuit Castle 3'4 29% i _ preferred Ayrshire Collieries 50 Oct "% Ltd— Jan 4% 4 J/a Light $5 pfd— 9'% 4% 28 '/a & Oct 11% May 1% Jan 28 J/4 19% Mar 16 5a 13 * 10% 1Q% "4V2 J/2 2% 2% 2.50 common Carter 4,100 4% Inc Casco Products common 110% 100 8 4 J/« 4% x Avery (B F> & Sons new Power Can'-Consol Jan 50 8 l 50 1514 May 10% May * 1 common Feb 1.600 • Co Automatic Products.. Automatic Voting Machine; : 8% • Feb 10 3,100 1 Feb 3% May 200 3,800 Co Co Cherry-Bur rell .Atlas • & Carreras •Associated Electric Industries— American dep rets reg .Associated Laundries of America :/Associated Tel & Tel class A Atlantic Coast Fisheries 12% 1,400 173a 100 5% 4% May 3 '/a May 900 Jun 11J/4 16% • May 30 - 1% May 93 '/a 7,200 10% 1.13'/a Feb Jan 6 J/2 3'/4 May 7 J/4 Jan 900 5% 10% ♦ Equipment Corp... Ashland Oil defining Co Carolina 5'/a 1.300 5 Arkansas,Rower & Light $7 pfd Aro Carman Carnation Catalin 1,300 * pfd Oct 6 600 Dec 26 J/4 • Products Carey Baxter & Kennedy Feb 16'/a i l 48 Feb Ltd— Marconi Sep 4% Aug 7% Jan 200 Jun Alcohol— preferred 43 42 400 6 7% 25% % 750 Feb 32 • preferred Capital City 48% 32,300 934 100 2% Mar 9 • voting 16% May 3% Nov 1.500 4% 900 • non-voting May 29% May 32 5,000 48 8% 23% July 20 Industries Canadian £i Arkansas Natural Gas common Common class A non-voting 6% Jun 141/2 6 __ l Angostura-Wupperman Apex-Elec Manufacturing Co .Appalachian Elec Pwr 4Va7e Argus Inc 28% 18% xl9'% 9'/4 Oct A 2 J/a 27'% Mar 151/4 May 5% May • common Ltd Industrial B 33 9 J% Convertible Canadian Class 32% 4 Oct 300 16% 5 Ltd Canners Class 19'% 2 211/2 Jan 4% 20 48 1 preference Canadian 35 46 Co 6 J/2 % Feb 100 4 Feb £l Insurance Canadian Jan Jan 100 __ 4% 11 1 Bread 37% 44 5 Anglo-Iranian Oil Co Ltd— Amer dep rets ord reg Jan May pfd Power Cement Co Ltd 24 J/2 32% 46 Oct 11 % 50c common Corp Canada 300 13 2'% 1 Canada 200 4% Feb 300 2% Jan 25 8% 48 % Estate Electric Fire Nov 32 3 Products Tungsten Camden 29% May 44 3% 20% 1% May 25c dep rets 5% Sugar 16 300 Jan 3 21% Oct Jan 15 __ Callite Jan 32 % • common 3% 51 700 5 Products Angerman Co Inc 43% 113 49 7,500 2 Calamba Feb Jan 3'/a ioc Oct 12% Wireless— & American Jan Dec 23% __ IZZZlo com American Thread 5% preferred"!! American Writing Paper common Anchor 1% 23 Sep 5.7.UU va 2% 19% .12 J%C common Electric Cables Jan 13'A 2% 44 • Republics 7% Nov 21% __ IZZ• A American Seal-Kap common Amer Superpower Corp $6 series preferred 2% 2 • _ class Feb 3% Mar 411/4 150 30'% 12 Feb 5 43% 90 25 Metal 32 1 -- H) Feb 22% 2% Corp Amer dep rcts__ (P Jan Sep Dec 12,700 25 American 321/2 195% May 2% 33 »/4 American Laundry Mach American Light & Trac common 6% preferred American 17 50 Jan lO'/s 22 600 Feb Nov 2'A 20 13 ~~ California 109J/4 111 '>0 12'% 12% 26'% jun Nov 53 2 J/4 25 12% • Butler Mar 32 Va _J "Jan 22'% • Burry Biscuit Corp 241/a 4'A May J/4 Nov 103 J/4 preferred Feb 25 5 Ltd Jan 50 10 preferred 36' Dec 2.50 Nov 10c Rubber Co Mills Feb 96 1,300 19% 32 Dec 17% 1 common Nov Jan loo 4%% preferred American General Corp common 31 '/a 100 1 Co common Burma 70 100 6% American & Foreign Power warrants American Fork & Hoe common American Gas & Electric. 80 53 6 200 17% 10c reg Jan Cable 53 32 17% Aug 105J/4 Nov 100 L) 80 Nov 161'/a May Rubber Co 25 Jan 2'/« 6 Vi 6J/4 May 14% July £1 Forman Distillers 23% Apr 600 1 Hard 19 173 '/a 25 convertible 13 Jan 4&J/4 May 95'/a Nov 2 l Class B_ convertible 3,500 5 Jan 167 Co Class A $2.50 15 18 American Cities Power & Light— $2 33 1,100 _• American Beverage common American Book Co American 100 ' 21 J/4 24'/a • Industries, common.. Aluminium Ltd common Car 3% 21 • common $3.75 cumulative preferred... Aluminum Goods Mfg Bantam 3% 1 Aluminum American 4% 1 5 350 • Buckeye Pipe Line Inc. 16 British Columbia Power class A——•' Class B • 2 J/a Brown Alabama Great Southern Alabama Power 4.20% pfd 200 16 31 J/a Feb 13,000 1 High "i.J/4 ~9>/a British Ceianese Ltd— 2'/a Air-Way Electric Appliance Low £1 Co dep rets ord bearer dep rets ord reg Amer Range Since January High Tobacco— A Class Amer % Low * 400 8 10 Shares * common 2,300 7 50c Co 2 J/8 8 60c convertible preferred for Week * Mfg 3% 1 preferred §Aireon Mfg Corp common.—i. Sales Range of Prices • 6% 5 Convertible Week's Last Sale Price Exchange Par Jan —• common. Curb 300 Ainsworth Mfg common Air Associates Inc (N J) Investors York Jan 3% 23 1 ._ New 1 High 2% -Dec 10 Inc 5 STOCKS— Range Since January High 2% common DECEMBER Friday Shares ACF-Brill Motors warrants Acme ENDING for Week of Prices Par Acme WEEK FOR Sales Last Sale Price STOCKS— New . -/.'•;/*M^S0:L/-,-./5:B&SsM2tt5) iat»/; Jan 51'% Jan Nov C® THE COMMERCIAL & FINANCIAL CHRONICLE NEW YORK RANGE Friday STOCKS— New York Curb Week's Range Shares Par Low American dep High Low (ord reg)__£l Crown Cent Petrol Crown Cork 1% 5,400 2% Feb $4.50 8% 1,100 l'A 7% Oct 8% 1 Sep 14% Feb Goldfield 6% (Md) 6'A 63A 700 6% May 10% Feb Goodman Mfg Co——.. 6V2 6% Nov Gorham Feb JO Gorham Mfg common Graham-Paige Motors $5 conv pfd.-25 1 Grand Rapids Varnish 5 Gray Mfg Co Great Atlantic St Pacific Tea— 5 5'A 2,600 4 May A • 16Yb 16% 850 16 Oct 25c 33A 3% 43A 1,700 2'A 2'A 2% 100 * 10 5'A 16 30'A 31 5 21% 21'/a 22'/a 5,000 100 Sugar 5% preferred Cuban Tobacco common 31 105'A 105% 105% 10 200 * 104'A Feb 3% Oct 39 Oct 26 3A Apr 18'A Sep Jan 17 Jan 8 Feb Great Oct 6 50 7'/2 May 5'A May 14 100 10 3A May 183A 3% Low 3% 800 38 39 700 96 —1 % Northern 10 69'A 750 18'A 19 200 7 7 7'A Jun 1 '/4 Jan 51% Aug 15'A Jan 47'A May 9% May 69'A Dec 25'A Oct 9'A Feb 136'A 138'A 138'A 45'A 9'A 100 45 7 May 700 101'A 102'/a .100 .100 Dec 104'A 300 8 -25 Gulf States Utilities $4.40 pfd Jan Jan 39 Nov Apr 7% May 200 66% 18'A common- .25c Paper- 5% 61% % May 5,600 67'A 102 stock—. May 44 9% Products Stores % .50 . Inc class A. Non-voting common 7% 1st preferred. i-O 25 Va 1 High 3V4 May •tr Consolidated Mines Grocery 6 14 3% Range Since January Hioh prior preferred.: 107 Jan Low 39 Nov 5 A Sugars Class Goachaux Nov 6'A 21 2.5o Curtis Lighting Inc common Curtis Mfg Co (Mo) 20 3% May l'A Apr Shares 1 l'A l'A Jan 7'A 37% for Week * Jan • International — Nov Drug Co common Crystal Oil Refining common $6 preferred Cuban Atlantic (Adolf» Inc common 4% 25 3A 35% Range of Prices Par High 21,900 36'A 1 Crown Enbut* Cnrb 36% 5 Brewing Co Crosley Motors Inc Crowley Milner & Co York New 1 Sales Last Sale Price 8TOCK8— Range Since January Gobel receipts Petroleum Croft Week's Friday (or Week of Pricea Courtaulds Ltd— Creole DECEMBER 5 Sales Last Sale Prlee Exchange EXCHANGE CURB WEEK ENDING FOR Monday, December 8, 1947 8 Sep 14 Feb 95 V» May 112 July Tun 145 125 200 Apr 45'A 100 300 39'A Jan 47'A Nov 9 'A 700 9% Dec 15'A Jan 101 VB 9 'A 40 Dec 114% Feb Oct 15'A Feb 0% Nov 100 9% Gypsum Lime & Alabastine D Davenport Hosiery Mills Davidson Dayton Dejay Stores Dennison 8% 2.50 Brothers Inc Detroit Steel Devoe & Diana 10% 100 Products— Raynolds class Stores Distillers Co Corp 200 11 900 145 10 17 ~2'A 17% 11'A 12 2'A 28 6% 32 May 38 8 Jan 38 Jan 6'A May 10'A 9% Mav 12'A 145 Dec 155 Feb Feb May 1,600 10'A Apr 19'A Oct 200 2% 9'A Sep 14 Feb 800 2% Mav 3% Feb 22% 20 23 2,700 17'A Aug 23 Dec 13'A 13% 13% 100 11 Va Sep 16 Feb 50c common 6'/b 6% 3,900 4% Apr 6 73A Jan Ltd 5 9% Hammermlll • 10 6'A Hartford 25 Hall Lamp Co new Hamilton £1 17% 1 Corp class A 11'A 11'A 11% 2,100 1 2% 2% 3 'A 5,000 * 13% 13 14% 85 85 8'8 Draper • 68'A 68% 69 VB 10 Co 1 * x77% 40 225 175 £1 common 2'A May 4% Oct 33 Va Jan Feb 10% May 17% Feb Oct 25 Va Jun 76 3A Sep May 94 Feb 79 Jan Nov 48 x77% Dec 106 7% * 5'A 1 -- • 14 A 14'A 5'A 14'A 100 400 Sep 12 May 4% May 11% May Apr 10% May 18'A Feb 6% Feb 15% Jan 4'A% prior preferred 6% preferred Eastern Malleable Eastern States $7 preferred $6 preferred Eastern 100 100 Iron 88 78 78 80 A 275 81 3'A 375 • B "3'A "3% 49 4,300 shares of 73 25 50 i\-4 2'A Oct <?"« \4av Feb 7'A 7'A 300 7% Nov 9% July Hearn Dept Stores common— Mining Co Hecla int $5 pfd shares of beneficial int Easy Washing Machine B Electric Bond & Share common Electric Power & Light 2d pfd A Electromaster (Geo A) St Co common Hardart common— preferred- Oct Hygrade Food Products 77% 62 525 40 10'A 11 Vb 700 10% Dec 14'A 1 52'A 52% 54 725 • 12% 1,100 13'A Nov 10% 10'A 11% 39,600 17% Jan • 133'/2 5% Sep 4 Va 4 Va 550 4 Va 100 2% May 17 Jan 1 155 7Va. Feb 26'A' Obt 4% Ffeb 24'A Sep 50 100 45'A 1 46 150 102 10 7'A 7% 300 l'A "i'A "1% 5,800 1 46'A 46% 48% 600 8'A 8% 3 3 8 1 common 100 Nov 3 'A Ay 600 6,000 10 7'A Dec 8% 5 10c Corp Ltd Pipe Line 45'A 102 102 1 Eureka stock 700 400 Fire Association 1 .1 3'A 31 12 Jan 1% Aug 43 Vt 6 Jun May in May 27% Nov 50 Mar 111 Jan 8'A 13% Nov 7% May 4 Vb 4% 900 «i/. 11'A 13 4,400 7'A May 3% 3% 8,7"U0 2 30'A 31% 1,900 21 Oct Oct 30% Apr Imperial Chemical Industries— Amer dep rets registered Imperial Oil (Canada) coupon Registered Imperial Tobacco of Canada Imperial Tobacco of Great Britain 12 May 4'A Co 8pr 32'/s 5,200 12 Dec 22% 2,000 11 Jan 45 Sep Aug 14 130 64 Feb 2'A 2'A 2% 1,900 40 5% International * — 1% 40 50 5% 1% May 3 Va 40 Jan Machine 6% Apr Sep 18'A Aug 20% Feb 4% 18 18'A 800 16 Va 19 19 25 23 Oct 3 1,200 iya Sep 9'A 400 7% Jun 10'A 2 l'A 250 Sep 3l'A 200 600 29'A 7% 7% 8 1,300 5 13'/a 13'A 14 800 7 20 7 29 Va 1 Builders Supply Corp preferred General Amer General 5% I Electric Co Fireproofing Outdoor Adv 6% pfd Plywood Corp 7'A 2»/e 33A 23% 10"% 87 -1 Public Shareholdings Corp com—1 $6 1,100 6% May Apr 11'A Oct 19% Feb 87 Dec 104'/a Feb 4 May 9% Oct 2'A 600 2 May 3% Jan 4 600 3% May 6'A Jan 23% 75 200 22 9'A 9'A 7 7% 8 8 102 102 32% 1,700 * 9% Apr 32 »A Jan Nov 14 Jan 6 May 7% July 9'A Jan 8'/a 200 33'A 400 24 Jan 37 Nov 60 102 Dec 109 1,200 9% Feb 18% 18''/a 19 89 Jan ~3>A "3'A "3% 400 3 May 4'A 15 Feb "7"% 8% 1,700 7 V4 May 10'A 43'A 44 % 400 37% May 2% Oct 51 % Feb 3% Feb 21 May 49 »A Jan May 31 Va JulF 25 25 25 Va 900 Feb 10% May 10% 11 400 10% Nov 14% Feb 10'A Oct 21% Jan 2.900 900 52'A Dec Nov 2114 Mar Feb 6 11 Jen 64 6% Apr Apr 14'A Feb 14 Feb 90 90 92 340 90 92 92 93 800 85'A Sep 13 % 14 500 13% Nov Dec 59 59 61 400 45'A May 10 Vb 10 Vb 10% 9,100 10 10 10'A 14 14 14'A 111 Apr 100'A Mar Jan 21 coupon shares— • shs„• • 10 Mil 4 Feb 500 10 Dec 15% Feb 500 11% Nov 1% 1% 400 5 12'A 2,000 8 l'A l'A l'A 4% 4% 400 2,100 Apr Oct 18% 0% May 19% 6'A Nov 30 l Sep 1 Va Jan 16 ya May 22% Feb 1% 5Vb Feb fen Jan 18% 17 17'A lan 15'A 11% 7 Oct NOV —• 7'A 7l'A 2i 10'/b 1,175 5'/b 1,300 4'A Sep 1 % Reb 600 'A Nov 1% Jan 9'A Aug 22% 'A Jeannette Glass Co New 1 common new 9'A 10'A 11 1,100 Feb 5 'A 5'A 600 3% Jun 7% Jan 'A 5'A 7 1,300 5'A Dec G% Nov * * 5'A 5'A 6% 1,900 5'A Dec 7','4 Nov 24% Jan 1 100 13% Lake Sulphur Co Jim Brown Stores 1 1 com preference ~5 30 Jun 18'A Oct K Kaiser-Frazer Corp pfd Kimberly-Clark Corp— 4 'A % preferred100 Kings County Lighting 7% pfd B—100 5% preferred D—— 100 King Seeley Corp— 1 Kingston Products— 1 Kirby Petroleum 1 Lake G M Co Ltd Kirkland (D Emil) (I B) Rubber Co Knott Corp common Kobacker Stores—. 43,400 100 13'A Nov 26% Mar 17'A 16% 17'A 300 Ip je Jan 9% 9% 50 10% Nov 9'A 9 Va 9'A 1,200 192% .T»ilv May 6'/b May 8% May 125 % Rpb 14% Feb Feb 108 July 111% 53 51 53 1,250 51 Nov 87% Feb 41 39'A 41 1,340 39'A Dec 69 13'A 13'A 14% 900 12 Va May Sep 17% Feb 95'A 9 7'A 80 89 Mar 99 »A Aug Nov 25'A 100 4'A xl5 li7« 24% 24 1 1,100 4 15% 3,900 7% Jan 153/b l'A 3,200 1V« Jan ill Oct 25 Va Feb 200 15% May Apr 20 24% 26 Va Aug : Sep,1' 4'A 7»A 7'A 17% 17% 7% 19 '/a 6 Feb NOV Jul* '• Tor 18 1,400 •»% War 400 13% May 18'A Nov 12 Feb Oct 1 5% 500 * —* — Co 5 54 54 50 * Gladding McBean & Co 4Va May 6% Mar 13% Jun 52 Va May 22'A Feb 54 Va Aug 17 7A Jan 12'A * Oct Nov _5 15'A 15'A 15'A 100 May 17 Va July Lake Shore Mines Ltd _1 10% 10% 11'A 1,900 10% Dec 15'A Feb Lakey Foundry & Machine Lamson Corp of Delaware _1 6% 6% 7% 800 5'/2 Apr 8% _5 8'A 8 '/a 8% 900 9% Jun Lane Wells Co common— _1 22% 23'A 300 6% May 16'/a Jan 24% Nov Laclede-Christy Clay Products Langerdorf Class Ext 35. La Salle 25 Feb * Glenmore Distilleries class B Globe-Union Inc Apr 1,200 27'A Sep 18% Jan 29% 2.50 Corp Coal 1,600 16 Jun 22% Oct 9% May 17% Nov preferred— Leonard Oil Development- 17 Jan Le Tourneau — Lefcourt Realty common 1 3,400 5 500 13 Oct 26 22'A Monotype Machine (R Qi Inc— 100 26 Dec 34 Jan 22'A 24% 125 213A May 30 Jan 20'A 2 l'A 600 12'A 24% Oct 200 5 V« Jun 7 400 7 May 12 Jan Jan 44% Jan 3,500 1 Sep 2 Mar 3,000 16 Ren 2° Tan 26 6'A (Jniversity Prior Oct 44 United Bakeries class A. B Lanston „ - 14'A 4'A 1 Krueger Brewing Co - Jan * 10 1 1 May 14% 13'A 1 Co common Kleinert 5 13 Vb 13'A Oct 97 17% Giant Yellowknife Gold Mines Gilbert (A C) common page Feb Jun May 105 110'A see 7'A 10% 5 • 5 Jan footnotes 4 "7% * 110 ya For Aug 200 Kansas Gas & Electric 7% * Harvester Oct 42 3.800 Kawneer Co 115'A Mar Alden !75 12 Feb Sep Glen . 11" Nov 111'A Gleaner 14% 12 14'A Nov * Preferred Sep 43'A Feb Georgia Power $6 preferred $5 preferred Gilchrist Feb 12'A 11'A Feb 10 preferred—* preferred Aug 9 'A 11 'A 14'A 1,800 7 • 100 1 Service Nov 72'A Dec 12 38'A 12% 8'A 9'A General convertible 7'A J25 General $6 93A 87 ,_1 .10 common 7C0 42% 4% 1,200 • Investors Royalty— —1 Iron Fireman Mfg voting trust ctfs—» Irving Air Chute 1 Italian Superpower A • Klein preferred series A General 13 116% July Apr 12'A Dec 6% May 12% Ltd— General General 93A 87 2'/8 dep rets ord reg Finance Corp common— Nov *ui 26 Sep 15 conv 28 100 4% 44 'A 44 — Feb 7'A 30% 20'A * Alloys Co 5% xlll Jan 29'A -100 General 35 3,600 53 50 Industries A Julian & Kokenge Co 1% 20'A 2 General Feb Mar 1% 1 Gatineau Power Co common 5% preferred Gellman Mfg Co common Feb 43 20'A July Oct 900 9 1 common 181 Hydro-Electric— Key Co common (Walter) St Co Corp 12'A • Kldde Garrett 4% Oct Oct 34 Vt Mav 43'/a Nov 5% 50 1.25 common 68 Aug 44 300 41 67 Dec 23 a £1 • • 5 Preferred $3.50 series Jefferson 18 1 new 40 12'A 300 111'A 111 67 29 jun 12 Kennedy's Inc (Geo A) 35% — Ill Jan Jan 25 3 Interstate Power $7 preferred 13% Ford Motor of France— Fuller 80 —£1 6 Ireland International Safety Razor B International Utilities common— 13% ii% • Brewing 34% 23'A 75 43 Feb 3% 49'A JE1 Franklin Simon St Co Inc 4 Ya% conv preferred Franklin Stores 150 29 42% 37 150 2 7'A 2 l'A x22 'A -- 52 »A 12 17'A Amer dep rets bearer Fort Pitt Brewing Co Fox (Peter) Feb P"b 12 Indianapolis Pwr St Light 4% pfd—100 Insurance Co of North America 10 11 'A 1 1 % 25'A International Cigar _10o voting 6 Feb 5 2'A • Jan 48'A (M H) Co— 5c to $1 Stores Ford Motor Co Ltd— B n. Feb Aug • Zinc Co common Jan 48'A Fishman Class » 57 Fer. 50 convertible preferred 23A 11% Amer dep rets ord reg. Ford Motor of CanadaClass A non-voting 10 Ya 800 53 Va —10 (Phila) First York Corp common $2 div cum preferred 157b X35'A 9% 1 * 5 — Illinois Power Co common Registered 12'A Brewing—,. Fansteel Metallurgical Fedders-Qulgan Corp Aug 5V» International Products Fairchlld Camera St Inst Co Falstaff 8% 13% 19% May Mar 49 9'A 1 International Petroleum Engine St Airplane Mar warrants International Metal Fairchild Jan 85 via\ Sep 2% Aug Eureka Jan Dec Dec 1,8C0 * preferred Illinois 133'A 137 8% May 115 May, 15% May 43'A Aug Inc 16 nvo Feb Oct 11% 42% May 6'/b May 60% 12 5 100 Esquire Jan 12% Oct 59 3,000 Equipment 25 72 230 9% Co common—• 82 ~2% preferred Refrigerator 1st preferred Hydro-Electric Securities 19% & 74 2 l'A 5 Huyler's common ~2% common 14 'A Mar •lay 107 55'A * Oct 17'A Corp Dec Dec 8'A 5 Nov 2% convertible Dec 9'. 55 100 Nov 4% 17'A $3 8 VB 97'A 20% (Harvey) Inc 17 A 40 8'A Oil St Refining Feb 300 10 97 'A 20% • • • Horn & Hardart Baking Co Feb 9% U 5 " Common 1 Equity 50 11 Va \ 1 Jan 10 Derrick 175 55'A • & 1,000 5 4 Va May tflW If 3,700 72 • Horn 8% 10 Vb 10 72 1,200 11 97'A 1 Inc Hormel 14 1 Holophane Co common Horder's 4 10 Holly Stores Inc $2.25 Inc Emsco 8'/a 9% 10% 11 'A Jan Elliott Co common 5% preferred pfd 8'A 9% 10% 100 100 preferred w w 4% preferred w w Henry Holt St Co common Heyden Chemical common— Hoe (R) & Co class A Hollinger Consolidated G M 10'A 1 Empire District Electric 5% Empire Millwork Corp___ 13'A 2 5'A% 59 v Corp "7% * Heller Co common 1 Option warrants Electrographic 3% 5 25c Rubinstein 57 May May Feb 100 82'A Jan 70 'A 800 97% May May Feb Nov Dec 2C0 • beneficial *3% 54% 2'A 4% 1% May 73 Sugar Associates— Com 2% May 35'A • series 89 25 Corp series 88 1,700 50 8uB 40'A 6% Hussman 3% 55'A Nov May May 5vi» 28 2'A Kurd Lock St Mfg Co 3% 54% 8% 300 350 6% 1 1 of America B non-vot com—1 Hathaway Bakeries Inc— 1 Hazeltine Corp—s • 5% 3% 6 'A Hat Corp Humble • 700 9% 39 'A 6 'A Harvard Brewing Co— Hubbell East Gas St Fuel Assn common 9% 37 37 Feb 67 37'A 1 00 O Dunlop Rubber Co Ltd— Amer dep rets ord reg Durham Hosiery class B Duro Test Corp common Duval Texas Sulphur Feb Bridge Co Ltd— Paper Electric Light Feb 19'A 22% • Driver Harris Co 2,200 • Dominion Textile Co Ltd Corp 19 Dec 33% 25 Ltd Feb 11'A common Hartford Rayon common Helena Credit Power H Oct Apr Aug • B Dominion Bridge Co Ltd Dominion Steel & Coal B Dominion Tar & Chem Co Duke 100 10 Amer dep rets ord reg Dobeckmun Co common Domestic 10% 145 17 8 & Manufacturing——1 Gray Iron Foundry 1 Detroit 25 7 35% __ 5 common common Gasket 35 50c Mfg class A debenture Detroit 35 6% 35 common Derby Oil Co 35 1 Rubber Co class A 10 27 6'A 10 Apr — Jan „ Volume 166 Number 4653 THE COMMERCIAL CHRONICLE & FINANCIAL (2337) ' ' .1,11 - WEEK ENDING DECEMBER 5 RANGE FOR frriday STOCKS— .New York Curb Material Co_ Lionel Corp Lipton iq , _ (Thus Ji Lit Brothers Loblaw 5 Inc 6% preferred Shares A 21 25 25 25% 300 25 600 Chain.—_ 251/8 500 Dec 23 V* 5 //::;26%/;?eb 25% 25% 50 16% 16% 16% 3,200 10 20% 20% 21% 3,500 16% Jan 7% 8% 1,600 1 % Ogden Corp common: —— Ohio Brass Co class B common • 31 Ohio 8 Long Island Lighting Co- Juh 'V 88 '" Feb : Power \Va% ;i6%- Nov % i/2 1 Lynch 2 550 50 J/2 2,325 15% 15% 8,500 58% 46 46 Louisiana Land & Exploration Louisiana Power & Light $6 pfd % 56 56»/4, 17 6,000 11% 10k % \ 21% Nov ' ' Inc Omar — 16% 500 15% Jan "16 J/2 16% % 1% Sep 55- Nov 46 90- 5 Public Service Co 10 common, Dec Manischewitz (The B) Co '__ Mapes Consolidated Mfg Co— Marconi International Communication Marion Power Massey Harris McAleer 5% Co 20* Jan "' 7 McCord Corp $2.50 Ltd * preferred preferred 5% pfd A Messabi Metal & July Penn Traffic 24 83 V4 Jan Penn 27% 500 1,100 5% 6 % 1,500 S% May 7 1 % 5,200 1 3% 19 y4 181/2 19 % 2,000 5% 5% 600 15% May 4% Apr 108% Sep 5,200 3% May 7% 800 5% 9% 9 Va 400 7V4 Sep 2 2% 3,300 1 % 9% 200 8% 8% 700 23% 24% 1,000 5% 5 % 13% 5% 4,900 13% 14% 8,900 • 1 L 5% 23 275 3 % 200 16 % 1,300 14 "2% 3% 15% 16 9 Oct 12% 31/2 Dec Apr 57/s NOV 12% May 16% Jan 12 Sep July 14 2% 100 31 21% Oct 33 3%: Nov 12% 43/4 Jan lbT® 13% May 2% 2,300 1.100 200 6% May 31% May 6 % 7 8% 9% Nov Feb Feb 6% Dec 10 102% Ward Dec 106 Feb 3% 3% 3% 2,700 3 2% 2% 700 A » partic pfd Morris Plan Corp of America Mountain City Copper common 175% * Investors 35% Mountain States Power States Tel common & • Tel 300 380 39 4 150 4 »/8 700 % ',-2 10% 11% 3,900 27% 27 28 900 98 • Murray Ohio Mfg Co Muskegon Piston Ring 100 23 26% 13% 13 »/2 300 12 12 200 .2.50 common common 13% 10 100 340 6% Feb May 2% July 11% 173 3% Dec Va 41% 98 32 A 10 '/8 10% 11,800 Namm's Inc National common Bellas Hess National Breweries 7% , 1.400 common 5% 200 3 33^ 4,200 * i 1 National 131/ Steel 16% 16% 200 36 37% 1,100 10 10 10% 900 • Ltd ♦ common 115/ (Herman)' Corp Corp of Canada common 1st 11 25 11 Jan 15% 27 100 27 Dec 52% Feb 17% 200 13% May 19 % July 88 88 88 59% Jan 97 40% Jun 51% Jan 25 Nov 28 Va Jan 7% Jan Feb 117/a Feb 4% Feb 37 Mar 138% 18% May 12% July 26% 25 25 25% 150 6 6 6V« 15,600 5% 6VB 3 3 * /8 14% IlOO Jersp Zinc _________.__.__25 Mexico & Arizona Land 1 JUljr : Inc America of 54% 950 53% Nov 4% 300 4% 56% 54% 56% 600 "5% ~5% 12% 59% x58% 6% Park-Mining. Co_ 1 1% Process Co common • " ZZZZZZ* N Y 10 ; Service 9 Nipissing Noma 114 * RR States Aircraft Power class A Inc footnotes see Dec 10' Jun 600 8u> 14,400 pfd-100 25 110 Apr 122 % July s4 900 % May 1% Jan 9 1,000 8% May 113' 3,000 9% May 10% Feb 15% Feb 10% ~i "1 16 18% 2,100 7% 13,000 7% 1,000 800 page 35. 2% 100 14% 800 2% 3 __ 334. 3,500 loo 1001/4 150 37% 38'% 1,200 7% 6"% 8% 20% 1,000 14V4 Aug -Dec IT May 6% May 155% May 32 Apr 189% Nov 30% Apr 2% Nov 10 3 7,100 20 Jan Jan 1 97% _ 37% 20% 15% Sep 10% Jan 230 187% 188 100 9% May 13% Feb 9% 1,200 9% Nov 21% Feb lo 25% 700 14% Jan 27 2% May "4 2,900 July Feb 2 Dec 6% Jan 800 10 May 14% Feb 55% 55 y4 58% 630 8 % 8% 100 14% 2 2 Nov 41 49 Va 8 46 Va May Apr 63 Nov 11% Feb May 4% May 14% 15 200 14% May 7% Jan 17 3% 12% 12% Feb 1,800 4 Va 13 3% May 6% Jan 1,600 10 % May 19% Feb 8% May 3% 2.50 * 13% Feb 96 Va Oct 93 Nov May Oct 43% 35 793/4 300 72 11% 11% 100 73% 79 43% 12 Va 700 1% 4,800 11% 300 1 __ 93/8 May 1 48 Feb 85 Mar 13% Nov 2% ,Feb Nov Jan 11% Nov 17% 8% 11% Apr 10% 97% 97% 50 98 Oct 97 Dec 103 % Sep Dec 96 95% 97% 150 95% 110 Va Jan 43% 43% 44% 600 25 % Jan 45 '/a Nov 13% 13% 13% 100 9% Apr 14% Feb 8 May 11% Feb Quebec Co Power May 96 Jan Dec 170 Feb 90% 90% 150 91% 330 85 150% 60 150 14% Nov 18% Feb ' Jan R l7/a 2% 32,100 1% Dec 5V4 17% 17% 17% 400 15% Apr 19 y2 30% 30% 31 Vt 36% 37 541/4 54V4 20 8% 2 & Light Securities— 10 1 __*• * I5 1 100 30 V* 18% Mar Nov 2 Jan Engineering: ~2% ,_5 21% 1,200 1 Dec 2 Feb Feb 27% May 31% Oct 29% May 38Vi Jan Feb 55 Vi Sep Jan 51 6,700 6% May 13% 21% 600 1,400 181/2 May 51/8 Sep 23% 6'/a 2% 3 2,800 2% Dec Jan 8Va Mar 3% Nov "4 21% 21% 125 14% May 24% Sep 25% * _1 25% 300 22 May 32% Jan 4% 1,100 3 % May 6% Feb 1% 3,300 4 Rio Grande Valley Gas Co— (Texas Corp ) v t c — Rochester Gas & Elec 4% Rolls Royce Amer Rome pfd F Inc 1% May 1 1% 100 96 % 97 140 96% 32 32 100 25 * Dec Mar 2% Feb 107% Mar 34 Nov Ltd— dep rets for ord reg; £1 Cable Corp common Roosevelt Field Inc 5 Root 1 Petroleum Rotary Electric Steel Co Royalite Oil Co Ltd Russeks Fifth Ave 10% 10% 600 10% 6% 500 3% Apr 14% July 7% Oct 22 22 23 % 6,600 6% Jan 23% 18% 18% 18% 100 15% Apr 24% 15 Apr 187/r Feb 5% 5 Co. 10 1.25 common Ryan Aeronautical' Co-_ • 3% 1 Ryan Petroleum Consolidated Ryerson & Haynes 11% * l- common. 10 5% 4% 1,400 9% 11% 8,400 5% 500 5% Dec 10% July 3% May 5 3% Sep Apr Ltd: • 14% 3,000 77/a May 50 12% 37 12% Class A $2 conv pref 37 41% 4,500 27 % May 1 10% 10% 10% 4,700 6% 2% 2,500 2% May 25c 2% 3% 2% 2% 3% 12,700 1 4% 4% 4% 900 St Lawrence Corp Salt Dome Oil Co: Samson United Corp Bchiff'Co Schulte 1 common: Savoy Oil Inc (Del) Sayre & Fisher Brick Co - 14 6% Nov Feb Feb Feb 11% Nov 6% Nov Scullin Steel 11% Feb 45 % 43 7% 6% Jan 31% 31% 33 1,600 29% Apr 37% Jan 12% 12% 13 400 1 2% 2% 100 * 17 Va 17% 100 23A 4,400 1 101% Jun 110 Jan 46% Feb 9% Mar 31% Feb $5.50 Allotment Semler Sentry Serrick Safety Corp 25 certificates Corp 1 1 1 common Control class B 2% 21 2% 2% 17% 100 21 ^ 1 8 May 2% Aug 17 May 2% May 19 May 5,600 2 Apr 3,150 2% 18 13 May 78 May * 78% 78% 81 % 450 13% Feb 4% Jan 21% Feb 4% Jan 24 47/8 2% 4% _5% 2% 2% 1 1 1,200 900 1,900 Feb 3% Feb 21% Feb 90% July 80 Va - Inc Radio 1 2% 5 stock (R B) Sentinel common stock prior Sep Jun * Jan Feb 3% Selby Shoe Co Inc Dec 0Va 37% 5,900 common Industries 3% May "3% Segal Lock & Hardware Convertible Feb "5% 8ep Selected Oct 5% 3% Nov 5% Jan 14% Nov Oct Nov 25 Securities Corp General Seeman Bros Inc Co 3% May 16% 44% 13 1 (D A) Inc common 20% Jan Jan 1% May 26 * common Manufacturing Dec Nov & Scovill Feb May Aug Electric 675 5% 8% 21 1 Rice Stix Dry Goods 100 1 Jan 124 8% 14 __ Feb 47% 115% 10% 9 V4 9% 21% Jan Dec 1,300 3% 10% • 98 1,300 2% Jan 650 43 _ 7% May Jan 7% Dec 2% l)uil 82 7% May May 45 y8 • Jan Jhn 8% Jan Aug. 13 42% __i Novadel-Agene Corp For 7% 10% 120% 3% May 1% May 70 29 43% 1 Northern Indiana Pub Serv 5% Northern ie 188 Feb 18% July Dec 250 42% Zio Co— Northrop 100 43% 5 13{ Feb 101 % Apr 12 % Mar 2,400 • 100 • Quaker Oats common 6% preferred Roeser & Pendleton May 200 • Airlines Penn ~ • common North American Utility Securities Central Texas Oil North ~i 1 • Northern Northeast : 8% n 1 common preferred Class; B: 5 5,000 14i/4 7% 115 5 North American Rayon class A , 91/, 30 1 r. 1 / 133/a 98 19,200 50 15/2 1J/2 98 200 2,000 1 Mines 9! Feb 5 Sep 5% Jan 15% Jan .7% * Electric— North Airier Light & Power $6 " 34 Corp B 24 May 67% 13% Class B optional warrants . 14% July Oct Oct % 100 com 10% May 17% Oct ApT lvi 14 Dec 2% * * 5 10 Manufacturing. Reliance May, gg Oct Mar 5% Jan 12 3% 100 cumulative Richmond Radiator Oct 9 10f ~ preferred— Nineteen Hundred. ' i«i/„ 100 July 57 .i| -^ 60 Va 9% "9% 11% preferred Puget Sound Power & Light— $5 prior preferred Puget Sound Pulp & Timber 4 y4 % 18% Oct 4 7% Jan 9 Va Apr Colorado— of 39% Jan 14 Mar 200 1 common Niagara Share Corp class B Niles-Bement-Pond 210 15 Apr if 61" 2,000 Gas May 13 x83 123', 6 • 21% May 410 1 Shipbuilding Corp- Founders shares 2d 5% 29 29 10 Niagara Hudson* Pbwer \ 5% 1st preferred 10% 4% Jun 12% 69 Dec 40 12% 1 Producers Corp of Nevada 15y8 Jan 88% 5 Apr 7% Nov 4% Jun 13 Y Auction Co common & H°nd^as Rosario 100 ~_ 5i/b 114% July 12% 1 Jan 43 2 New « 45 Nov 1,200 5% Dec 2 50 50 5 1 common Aug 4% Feb Jun 33,4 x83 2Vs May Nov 11 * 8 Apr 11 3% x83 5%- Dec 103% 53'/a * 16% Nov 2'M»- May 35% Oct 3% New ; 5y8 __ New Haven Clock & Watch Co 1 4convertible preferred________20 11% May 4,900 q7/„ 150 4% 54 12% July ~ \\l xqi/0 320 1,000 103% 103% 5% Feb Dec 10 ya May :i> ' Feb r5% • - England Tel & Tel N Y Merchandise 115/,, 10 100 preferred Pressed Metals Pyrene | 11% Nov Sep 4 5 5 1154 _ I __ 30c Neptune Meter common Nestle Le Mur Co class A-. « 100 16% 36 National Union Radio N 131/" Jan 12%Jan 17 * ,_2 Rubber Machinery National New 180 10,800 ___4 National Radiator Co New 30 w \1V Hi/8 Jun 3% Apr Jan Jan 43 301/, " 1 National Mfg & Stores common National Pressure Cooker, common New 57/- * National Mallinson Fabrics Nelson 5% 3% 25 Car 700 1 preferred 24% Nov ' 1 common National Fuel Gas National-Transit 15V 8% 27% Mar Sep 11 10 15 Oct 32 27 1 15 Aug Mar 17 25c N 10 lt> 10 common Mining Co & Alexander common Railway Corp Jan 105 Feb 72,000 __ ts- Nachman 105 Dec Sep 2% Nov Oct 96 101% July 5% Sep 8VS Aug 27 Jan 194 25 shares Amer Pyle-National Co common Jan 10% Apr 31% May 3% Apr 7,400 11 5c iq Mountain 35% 12% 175 '/2 173 10c Producers ! Mar 11 121/8 Scale Providence Mar 1,700 May 6% May 30 7% 24 120 96 27 Prosperity Co class B Jan 50 50 96 1 Public x6% 26 103% 104 24% Prentice-Hall I i Feb x6% 26 38% Mar ~2|8 Ltd Pratt & Lambert Co ' 88 417/8 Mar 31% Nov 25% 6% Jun 3,700 102% 102 % 1 12% 34% Nov 700 ~2 Polaris 17V* Jan 1% May 8 36 5 Jun 800 2,600 32% 1 Johnson Feb .2 Utilities 7% 8 36 lOVa * * Powdrell Nov 7% * Sep Jan 16 * Power Jun Tl common common Feb 9y« Piper Aircraft Corp common Pitney-Bowes Inc Pittsburgh Bess & Lake Erie RR Pittsburgh & Lake Erie Pittsburgh Metallurgical common Pleasant Valley Wine Co Feb 24% 35 % 6% Feb 100 Pioneer Gold Mines Ltd Feb 14 Va Feb 7% » Nov 25 50c Pierce Governor common 10% Feb 3% Aug Dec 35% 100 14 10% 2.50 Philadelphia Co common Phillips Packing Co Jan 8 May 8% 16 50 pfd Oct Jun 9% Jan 50 1% May 50c preferred 6y« 25 y4 x21 % * common May 43% Sep 7% 50c 18 24% 1 20 Circle Corp Pharis Tire & Rubber common Pneumatic * • Jun 500 32 * Perfect Pinchin 9% 8 12% 13% 2.50 Co Pepperell Mfg Co 111% May 0% Jan May -- Feb 8% Oct 7% — 100 pfd (The) Pep Boys tiy4 July 8% July 3 Light 4%% Penn Power & Jan Apr Elec class A common Penn Gas & Feb li/a 7% Society A Co May 5% 24 Jan 4% May 13% 5% Water & Power Co— 26 12% 7% Corp Montgomery Muskogee 15 10% 200 common Dakota Mountain Oct Feb II~_10 Co Loan Moody 28 45 c~l 1,100 37% 34% __ warrants Penn-Dixie Cement Jan 2 Sep 12 * 100 * * • 1 38% May 8% May 4 pfd conv Public Service Monroe Dec Pennroad Corp common 13 y4 4% dividend shares Monogram Pictures Montana 7 6% Aug 8 % Aug 600 -- 29% 32 • 25 Peninsular Telephone common $1 cumulative preferred Dec 3% Mining Corp of Canada Missouri 41/2 Patchogue Plymouth Mills 250 Products— convertible Molybdenum Oct Feb Mar 24 1 t v Co P 10% 20y4 41 _* 800 1 " 22 % 2.50 Mar 33% 12% 7% 1 Corp Co 391/2 "10 Midwest Piping & Supply Mid-West Refineries Minnesota 350 Sep May 6 Pen 10% « Nov 116 5 Motors Paramount Parker Parkersburg Rig & Reel 7 3% Mid-West Abrasive Wohl Jun Jan 11% May 3% common Oil 25% 55 22 J/2 5 Corp $1 non-cum 4 % % 500 7% Corp— Steel Jun 3% Ex-distribution Miller 5% 7 26 39 Dec 6% 6 36 Pantepec Oil of Venezuela Amer shrs__ 40 1 Middle States Petroleum class A Class B v t c Oil 23% j Micromatic Hone Corp Midwest 4 '/-J 15 , Midland Apr :25c Preferred Co 900 1,100 100 Corp Midland 13 5% I~~ Michigan Bumper Corp Michigan Steel Tube Michigan Sugar Co $2 9 % 13% 1st preferred! Page-Hersey Tubes common Pan American Airways warrants Aug 20% Jan 1 % Iron Co Midvale 9% 13 7 5 common preferred West 40 71/3 Dec 21V2 ' * ™I_1 Col Participating preferred Middle 25 4% Co Textile 100 Sep NOV * r 2% Jan Jan 108% 11 2s * __I Merritt Chapman & Scott Warrants 6%% 9% 10 common & 25 13 1st pfd 1st preferred: $1.30 51/2 18 3' 1 common Dredging Mfg 500 38% July 10 _ Memphis Natural Gas Menasco 400 £1 preferred Mead Johnson 7% 191/2 13 • common Mfg Co 7 18% 25 6% 1% May 31 30 10% 5 25 Pacific Can Co common Pacific Gas & Elec 6% July Pacific Puhhc Service Marine Shovel convertible McWilliains _* 375 82-%vj8tof'' Ilk Pacific Power & Light 13 18% 1 3,300 Jan Pacific Lighting $5 Mangel Stores High Jan M Maine 1% 38% 33% 1 Securities 5 Va % Macklntosh-Hemphill Co 1% 37 108% 110 13% O'okiep Copper Co Ltd Amer shares May llOJ/2 llOJ/2 Corp Low Jan 40 Filters B Oliver United 1% 50c * 100 15 1 * 1 Gas Old Poindexter Distillery ; Overseas Common ctfs of dep.. 7% preferred A ctfs of dep 6% preferred B ctfs of dep preferred Natural Oklahoma Jan 51% May x21 Range Since January 1 High O May 1 Shares Low • ;-*Vsr3ffyfiSiifv Sep 1 Logansport Distilling: Co_ Lone Star Gas Corp common Longines-Wittnauer Watch Co Sales for Week " tfVs May 251/8 Dec * Steel 13% May191/2 Dec 9V4 9 25 J/8 500 1.200 - Range of Prices Par Sigh Low 16 J/4- 19% 9' * High 15 20% * class Class B <LOcke Low 16 STOCKSCurb Exchangt York New Range Slnoe January 1 Week's Last ' : for Week 25 common—, Groceterias Friday Sale Price satea Range ef Prices Par Line Week's Last Sale Price Exchange EXCHANGE GURB YORK N£W Jun 92 4% July Dec 13% Jan 2 % May 4% Feb 1 Apr 2 Feb 8% Jan 13 % Aug 33 34 (2338) THE COMMERCIAL YQRK NEW RANGE Friday STOCKS— New York Curb Leather common 4% new Canada (Howard) 108 67 2,000 103 70 % 10% Oct 106% May 22 % Oct 11% 10% 10% 10 Apr May 8% 8% 2,200 6% Apr 380 250 % 252 250 % Nov £1 4% Aircraft Waco Nov Wagner Baking 73 Sep 7% 94 * Co Manufacturing $2 & Bond Inc pfd cum Oct Waltham 17 Feb Ward 39% Jan Wentworth Corp Manufacturing West Texas West Virginia Utilities 5% Apr Apr Westmoreland Oct Westmoreland Inc 4% Sep Wichita 10 y8 Nov Williams 8% 9% 900 5 May Jan 4% 4% 300 33% 38% -2,700 27 May 38 y2 31% 32 % 40 27 Jun 35 % 39 3 % May 34 7 Wilson 900 5% 100 Sep 46 27% Nov 33 y8 (R Oil C) 24% Dec 29 y2 3% Aug 9% Jun 4% May 8% Feb 200 9 300 2% 10 5 « 9,100 Nov 25 y4 1,150 21 Dec 36 preferred 3 May 19 1% 150 - 16 % 9% Jan 17% Mar 36 1% 2,100 9% Nov 13% 3,800 27% Jun 2 6,200 400 1% 109 130 1% May 1% 100 Oct May 4 Feb 3% Feb 130 Feb 7% 8% 600 7% Dec 12% Feb 4% 4% 800 4% Dec 5% Nov 3 3 % 4% 700 ■ • 3 Sep 4% Feb 500 . 4% May 9% Feb 61 Sep 77% Feb 25%. 200 17% May 27% Feb 18% 20 V4 700 14% Jun 29% 838 200 6% Jan 8% 2 % 3,500 2 Dec 5% 9 1,700 7 May 11% May % Nov 13y4 Jan 2% 1 50 14% 575 1 2,000 15% 16 100 23 % 23% 150 31 30% 17 17 31% 7% 3 % 1,550 400 17% 7% 850 3% 15 61 13 y4 May 20 May 26 May 7 Jun 12 % May 1,000 3% Jun 100 15 12% Apr 18 Tnew Thor Tilo Corporation Roofing Inc Tobacco & Allied 4 14% 800 10 July 4% 80c 10% May " series § Central A5s A5%s Cities Lamp Jan Apr 19% 122 Realization Unexcelled Union Chemicals Gas of 12% Union Oil Service $3.75 Union pfd of Debenture series United United United K'. United United United Aircraft Chemicals Corp 1st Milk '0?: United 52 20 Apr 49 Jun 8 July 7% July 63 y4 Jan 12% Jan "l% 600 1 Oct 88 % 91 270 79 May 99 99% 100 99 Dec 102% '/8 May 3 y4 May l7/a Jan 1% 2,700 4 4% 4,400 2% 2% 5,500 1 1% May ~7% _7-.% 10 10 1,500 400 Guantanamo 4 Vz Mar 3>/8 32% 7% A6%s A7s A7s series Feb Kansas Electric Power 7 Apr Kansas 104% Jun Midland United Profit S and $5 1st Feb ~\$ 200 17% 3,100 Mar 7% May 25c International common f Universal with 12 Oct 27% Feb Apr 28. Feb 27% 70 2* 248% 248% 10 248 1% 12,700 2 3y8 Feb 1% May Jan 3,500 60 Sep 71% Apr 40 % Dec 49% July 40 % 41 250 26 24% 28 26 99% 100 Venezuelan Venezuela Vogt 6% J-J 1952 — J-J For footnotes see page J-J 68 J-J 21 J-D 1969 1956 J-J A-O _ 108% 29'/8 43 15 25% 42 30 26 28 68 69 % 42 24% 49 21 24% 7 98% 22 12 $102 % 104 — 42 102% 65 8 $104% 105% _ 42 8 ,, 41 25 94 21 42% 104% 111 102 -- 105 107% __ $107% 108% F-A 3%s 4s_ 58 103 58 104 1 53 65 102% 103'/a 11 102% 104% 106% 106% __ 1 105% 107% 102% 102% 12 101% 105% 106 105% 30 105% 109 102 % 107 102% __ 104 92 77 92 San May 20% Nov 2% 2,400 2 May 3% Feb Dec 89% Apr 81 16 15% 3 3 125 1,200 79% 10% May 2% Oct 3% 600 2% 2% 1,200 2% 36% 2% 37 26% 38% 400 26 % 26% Jun Apr 19% July Southern California Gas Southern Counties 105 A-O 105 ' 104% lod;;! 108% 117 " 108% 108% 116: ..1.21 110 A-O 105% 105% 24 3%s__—1970 (Calif) 108 3% Feb 44' Nov 23 Elec \ 150 1 500 3 May 4% Jan A7-4s 1,200 21 May 23.% NOV Stinnes 32% Mar Stinnes -..rl; 8 May 60 94 May 6%; 1,600 3% 1,000 5% Oct 2y4 Feb Sep 107%|, 105% ,1073%; 99 98% $102 104 100 102 113 F-A 113% A-O $66% 105 . 105% ,108/, . 104% 100/ 12% Feb 126% Mar 7% May 4 ; July A5s -Wash West 3rd 89% 117 V £ Feb .West As ..75 68 . 1946 stamped Industries— J-J : __ $24 33 25 25 27 . inccme ,; . A-O J-D - __ • __ f, 25 103% 103 3/4 1 :• j k-V-L- 47% 103% 106% Hotel— 1954 debs..... Water Power 3%s^ Electric Penn Traction 5Si_! 1960 > ; 76% M-S J-D A-O i.—^__1964- 5s-._w^.__'__—2030 Newspaper Union— s'f debentures.. conv 47% ' (Hugo) Penn t Western " 14 70 (Hugo) Corp— Waldorf-Astoria 1,100 101% Jan 3% 10% %1 97% .100%, 98% M-N A-O Spalding (A G) 21% 102 $100% J-J 5s. ____-___^__1989-> AStarrett Corp inc 5s_. ...1950 5s collateral trust 1966 & $115 — .__.__.1971 3%S-—1970 Southwestern Gas $100 101% 102% Oct 26% ' 170 M-S Feb 3% 6% 109 146 1951 3% 21% 3% 107% 148 3s__~1965 18% 3% May Gas 1st mtge 3s__—— ,. 21% 9% 108 148 1043/4 M-N M-S A-O ,_ Edison • 23 mtge 3s California 5 100 105 $102 J-J M-N Joaquin Lt & Pwr 6s B___.—1952 15 15 % 105 New Jersey— Safe Harbor Water Power Corp 3s_1981 350 87/a May 11% 35. 99% 1966 Queens Borough Gas & Electric— 5%s series A -—1952 18% — __ — 1963 3%s perpetual certificates 18 — 104'% J-D 18 • 26 Pennsylvania Water & Power 3%s_1964 3%s 1970 Scullln Steel inc 20c 104 105% 104% 104% — $901/2 Southern __l 104% 102% 103 J-J Feb 800 _io Petroleum.. 107% 103% 104% $99 Jan 2% Syndicate Inc.— 103% 4 A-O 14% 79% Manufacturing... 1 7 A-O 23% 9% 68 56% — 102% 1021A J-D May 100 106 % 13 24V4 105 % 103 9 25 65 102% 103 % 103 % __ 1971 Park Lexington 1st mtge 3s—....1964 11 5 12 104 $104 __ 84 55 __ 61 104 1968 4,100 __1 ' 103 $57 -- 104 ...2004 9% 23J, preferred 103 —1957 mtge 3s 14% 79% common convertible 103 1963 Y & Westchester Ltg 1st 9% V $4 124 63 35 ;—1946; ,'United Electric Co of N J 4s__-_~ 1949 , __ 25% A7-4s 2nd stamped. Valspar Corp 106 120 -- . $21 to Power 13% 10 68 % 36% 98% RR— 9% • common 70 $21 Light 3%s 4% 13 % 10 53% 25 13% Mar 40% • Products Co common. ,:B Utah-Idaho Sugar__i ^..j Light Feb 10 63 % 1 125 F-A Ohio Power 1st mtge 3%s Apr 293% 100 60 V8 warrants 'IH; Universal & 900 7% Oct 11% 60% _,_i 119% " 11 50c 116% Nov Apr N $.. 102'% 103 M-S 28 27% 25 ; 114% 1 $C5 M-N Jan 105% 107 20 J-D 1961 England 106% 98% 31 28% 99% $-. — __ 1955 coup) 1967 45% Mar 18% 55% 28% 98% M-N New 16% 28 Securities Insurance Power Valley 5 common J-D 53% 4 1970 Corp deb 4%s Extended at 1 Consolidated Oil. Universal & l Reclaiming Co J-D J-J Milwaukee Gas & Light 4%s 25 20 % 1% ^ M-S Jan Apr 19'/a May 19% ip common Stores Power 109 100 — F-A 6s Public Service of 248% M-S Dec 45 % May 29 14% 28 __ 27% 2% May 26 1,700 36% 25 preferred Debenture Apr 7% Mar Sharing Radiator ;US Rubber Utah 200 17 19% * loo United Specialties common nited 4,600 regis Canal v; U S Foil Co class B V * U S Graphite common S 3% 45 % 35 17 7 Preferred ; 3 Va 42 ♦ .... •U . 115 J-J Altalian Superpower 6s Jan 3% 53 3 99 1952 3% 9% _ M-N May 1957 11% 62 110 $._ J-J 1952 Sep Dec 107% 108 V2 A-O F Aug Jun 12 1949 (July 1941 coupon) 2% 56 104% 69 99 % J-J (Aug 1941 coupon) 7% May 5% May 90 5 100 % i 1957 6 20 92% A-O E series 1,200 225 82 V* Sec— 1941 3,100 92 93% 2 82% 1955 1 2,300 62 105% 106% 81% 1963 7% 90 103 104 % 1950 Power 106 26 Jan (Dec 97 103% 39 1958 series C A6%s 96 420 1949 6s 5s ref 7 % 61% 83% 98% — 1963 B & International Feb 92 104 % 100 1948 1950 Indianapolis Power & Lt 3%s Dec 12'/a lien 1st Feb 4% May 8% Oct series 6s Jan Jun 61% 4 104% 104 % 1956 Indiana-Service 5s 2% 100 64 Jan & Western 7% 100 71 106 Bank— Mtge Hygrade Food 6s ser A Jan July Residential 2'8 6 92% 81% 100 J-J 1965 Interstate Power 5s 6 64 82 % 1993 1993 standard 5s Oct 2% 105 49 RR— B 3%s 5% 10 common /// 10%' preferred jit United Shoe Machinery ser Fuel 90 % Oct Molasses Co Ltd— ord 4s 115% 165 99% Division— 4s ser A & 7% • Amer dep rets United NJ RR & N 5% * Preferred vh: Western mtge Gas 110% 165 — AGeneral Rayon Co 6s ser A % Products & of J 2 „ 105% 105% .. 81% 1961 mtge A 1st Eastern City) 4%s Lack 105% 108% 41 103 A-O (Bait Grand Trunk Western Ry. 4s Green Mountain Power 3%s 19 104 1954 R Oct Apr A-O 107 34 Gas 97% — Q ser series 111% 106% 104 % 104 VI M-N (Bait) Jan 12 warrants Elastic Corp Corp common Light & Railways M-S 1962 McCord Gas 91'% 3s ser P 2% » common 91 % 98 % 2%s Pwr mtge 2%s ref 119% 103% 19 . M-S A-O ref 1st 102% 115 100% %r 89% 1981 & 1st mtge 99 106 90 -- Lt Lackawanna 37 111% 111%< $165 180 ► __ J-D El mtge 227/a 200 97% High 102% 69 101 % $— 1969 1976 Gas Finland 16% 101 98 Registered ref Low 100% __ $118 % 119% 101 M-Q 1st No. 102% 105 J-J Consol Range Since January 1 Sold High noonl2 103 Bonds Friday's Bid & Asked J-J Elmira Water Lt & RR 5s 1% or 1969 Oct 52 Week's Range Last Sale Price 1977 227/a 16 50c Feb 99% 100% 1958 * com.. ~3% 5s 5 Omaha Dec 99 3 a 5s 10c A 2is 3s Nov _7% Products 12,300 Debenture 19 Calif— Stock Yards of United 2% Jan 1966 5s 800 — Co Nov 1954 21% * Nov 13% Q-F redeemed) (10% 21 10 Corp 14% Dec Corp— Feb "lVa Investment Co Jun 9 % 1948 Electric Nov 99% Canada Union 9% 100 J-D redeemed) 20% 88% Corp Feb 1,300 1998 48% — preferred 16% 9% 1970 Jan 12% May Works May 141/4 Debentures Feb May U Ulen 6s 2%s__. States (10% A7s ; Steel Edison A 7s 5 C Bethlehem Boston 33 27 convertible 11 2,3g J-D City Electric 3%s Telephone of Canada— Bell 11% May Inc Tung-Sol Feb 9% 2y4 1960 A 150 % 108% 300 j-J 6s__ 5%s Atlantic Oct 900 2 14% Period 4%s deb 4,300 4 13% _i_ 1964 Tel 153s 1% Feb Nov ' 14 Hf-N Feb 5% pfd Oct 13% j-j deb Power & 47 % reg '/+% 17% Interest 2%s conv debs 10% 15 52 11% May J-J Jan 34 y4 16 Stocks 300 1955 16% Nov Jan 14% Tonopah Mining of Nevada Trans Lux Corp Tri-Continental warrants Trunz 8% 14% -1 1534 __ Exchange 13% 21 % 151/4 105 • 47 ...5 21% 1953 Jan 29 y4 May 8% 13% ...1 dep rtits def Shipyards Corp Edison 12% —5 Construction.. Amcr Toledo 600 117 Tobacco Security Trust'Co Ltd— -Amer dep rets ord regis Todd 700 31 100 ...1 Realty & Brewing Co Tivoli 10% 30% 12 % common.. Tishman 10% .2 common. Nov 2024 35% Aug 207/a Curb Electric Tel Delaware 10% 50c Co 14% Appalachian Associated Assoc Gen 30% Inc Shovel 350 J-J Feb T Textron 15 i/a £1 York Consolidated pfd. Jan 143/4 J-D Sep 32 • common Jan 8% 1961 ■Aii Taggart Corp common Tampa Electric Co common Jan 19% Sep 1970 Jan 1 3% 20% Nov 5 % Amer Writing Paper 6s Appalachian Elec Power 3%s Feb 17% 8 14 — Sep 10% Low Feb 14 lo 11% 600 Friday Oct 2 25c 50 150 5% __ BONDS Feb 8% Sunbeam Oct 21 May __ 5s Hargreaves Ltd New 5s 61 24% 8 Vb Oct Nov 131/4 100 receipts Sep 18 5% 32 y4 Mar 1% 2 deposit 12 13 5% * pfd preference Wright Feb 4% common 6% 4% July 21% July 28% 108 18% 12 __ 25 4%% 27 31% 13 1 w Mar 14 1 common & L American Nov 10 27% __ w Nov 32 37% July Feb 800 3% 4% Light 7% 19 160 Jan 23 27% Stinnes (Hugo; Corp Stop & Shop Inc Stroock (S) & Co common & 18 100 28% Nov Jan 9% Sterling Brewers Inc Sterling Engine Co Sterling Inc Power May May 26 23 28% 105 25 23 18% Jan 20 Oct 113 % Mar Jan 1% 4% May iy4 Oct 9% 3 Texon Oil & Land Co 8% 475 36% 9% Feb 2d * Petroleum Woolworth (F W) Ltd— 8% Mar 600 r—1 CO & Co common Technicolor Inc 4,100 152 34 __ l 7% Swan Finch Oil Corp 152 __ 2 7 3% 20 Co Inc common Woodall Industries Inc 5 21 3% & Woodley 800 9% 22 ; Corp.. Sun Ray Drug common Superior Portland Cement, Inc Superior Tool & Die Co 17% 10 Aug 1% 1% Corp Products P Co July 6% Co Co 25% 39 • 4% 4;,4 Co of Canada (J. B.) 16% 10 & Biothers 5% Feb (Wm) River Willson Nov 35 34 _ 10 600 5% ' w — 110 28% 24% 24% 5 40 27% 27% 10 Corp 16% 20 2'/a Mar Sterling Aluminum Products. lexas ! Coal 3,S'00 108 Va Products 111 Western Maryland Ry 7% 1st pfd—100 Western Tablet & Stationery com ♦ 102 J/4 378 Standard Tube class B Starrett (The) Corp— ,:U-: Feu * 5 3% 25 preferred Standard-Thomson i preferred $6 3% Preferred i Feb 2% 1 — " 8% May 6y8 May 1 Power & Light——. Common class B Ski' Dec lVa 600 Whitman :£ Standard Stetson 3% 1,000 8% Weyenberg Shoe Mfg " &•*<'- 1,050 2% 8% Feb 25 Dredging Corp common :• \ $1.60 convertible preferred— f: Standard Forgings Corp. Standard Oil (Ky) (A) 4 % 2 8% Jan Standard Steel 3% 2 1 8% , Stein Feb 15 V4 ... |v. Feb 12% Apr 25 " Standard 27 Dec Sep , Convertible Dec 5% 7% May - Feb 11% 3% _ 5% 250 1,500 8% Feb Dec 1,900 Sep Wisconsin . 1% Apr 7 2,900 1Q '^ Southland Royalty Co Spencer Shoe Corp .1 Stahl-Meyer Inc. Standard Brewing Co Standard Cap: & Seal common- 1,100 113% 12 3% 33% Jan 13% Apr 5% 9% __ 3% Jun 11 y2 1.25 Coal & Coke Winnipeg Elec . 1% 8% May 5% 8 Va Southwest Pa Pipe Line preference 4.32% cum preferred T;\ Southern Pipe Line 1% 1 % 11% 3% 1 conv 100 200 4 Aircraft Oct 2 % 9% 110 __ Baking Co warrants Jan 2% 1 Co 8% 12.50 1 High 30 Watch 3% common Southern California Edison— 5% original preferred Low 9% __ 1 25% 24 1 common Range Since January High 100 l Coast Corp common Low ext.* ctfs 1 South Penn Oil 4.48% trust 1 ;• Corp Shares • voting preferred Waitt 115% July 27 Feb 9% for Week Feb Jan 15 y4 312 Sales Range of Prices Pur 24 13 Week's Last Sale Price Exchange Nov 3% 100 Paper Mills.. Sep Curb Dec Warner 36% :_l Manufacturing Co South 71% 100 preferred Solar Aircraft Co Soss 70 Dec 9% May ♦ dep rets ord regis City Gas & Elec Co— Sonotone 71% 17 600 York High 16 V8 Publications— preferred Amer Solar 2,000 2% • Simplicity Pattern common. Singer Manufacturing Co Singer Manufacturing Co Ltd— Smith 4,100 17% 15 * convertible 3.90% 2% 17 14% .11% Jun 2 V2 May • common Simmons-Boardman Sioux 2% 14% 25 common Breweries Ltd $3 600 17% 100 Sherwin-Williams of Bilex Co Low 16% New Range Since January 1 High 15 • preferred Sick's Low __ 1 Co 6herwin-Williams Friday STOCKS— Shares .5 Bheller Mfg ENDING DECEMBER 5 for Week ♦ Bhattuck Denn Mining Shawinigan Water & Power EXCHANGE CURB FOR WEEK Monday, December 8,1947 Sales Range of Prices Par Seton Week's Last Sale Price Exchange CHRONICLE & FINANCIAL >•; ^''* F-A 107% 82 110 $106% 107% -105% 108 f. 115% 122 « $120 J-D .y/A'-j" 1959 63 y« 76% 77% $107% 108% ._ A , ; 1 '• $i023/8 105 ? .. . j-.,:'.'- 101% .. A 105% Volume THE Number 4653 166 & FINANCIAL" CHRONICLE COMMERCIAL NEW WEEK FOR - (2339) •.* DECEMBER 5 ENDING Week's Range Friday Interest York New Curb Exchange Last Period BONDS Foreign Governments & Municipalities Sale Price York Curb Interest Exchange Last Sale Price Bid & Asked Low Agricultural Mortgage 7s April 1946 20-year 7s Jan 1947 Mortgage Bank (see ACauca Port 76 % delivery saie. d Ex-intereai," e Odd-iov n Dnder-the-rule sale, r Cash sale t Ex-dividend bid and being asked prices; flat; traded 6 I Ex-distriDution. j*x-right«, sate week. ' above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬ Abbreviations used 40% 42 32 22 45 85 85 2 81 . . 96 1953 F-A 176 85 88 Va 94 J-J M-S 10 10 10 29 111 14 11 18% 28 34 30 47 (Plan reduced stamped! 127 M-N J-D ,_2008 1951 45 140 are the daily closing averages ol representative oiock& ana uouus the New York Stock Exchange as compiled by Dow, Jones & Co. Below A) 2V8s to listed on Eogota— (issue of May 1927) A7s (issue Oct. of Mortgage Bank of —1947 < M-N ,,,1947 J-D J-D Chile 6s 1972 Mortgage BanK of Denmark 5s 46 46 10 20 Indus- 52 Rail- Nov. Total IB Utll- 65 • 10 Grade Grade Utlll- Total <0 Ralls ties B*"** 86.34 102.53 roads tie* Stocks trials Rails 179.40 29 lb Second Indus- First 10 trials 47.12 32.94 63.00 100.40 103.50 Date— 53 46 146 A-O 1931 1927) 46 Bonds Stocks Bank of A7 s A 37 2 38 transacted during current ^Reported in receivership. 30 Mortgage sales being no High 25 3 tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates; "w i." 'when Issued; "w w." with warrants: "iw." without warrants // stamped— 1952 6%s stamped_I958 6V2S 7s 65 % M-N City (Peru) Maranhao stamped AMedellin J 66 2% 2% Low Waterways— ALima Interest J-J J-D . & AExternal 78 J-J January 1 No. 30 Deterred a Ex-stock dividend, A Bonds A-O 66 % 1955 5s Danzig g High value, par 128 M-S Range Since Soid High Loan— 5%s External •No of) * Municipal External Low No. High J 66 1948 Valley 7s, Cons Sold Range Since January 1 6%s___ %s IFriday's 20-year A Danish Bonds (Col) — Bank A Bogota A 5 Week's Range or Friday's Period New Friday Government 1919 1921 ARussian Bonds Friday's or Bid & Asked Low BONDS 35f EXCHANGE CURB YORK RANGE * - , 98.19 82 82 180.61 47.65 63.43 100.33 103.26 86.12 102 47 PR 04 Dec. 2 180.76 47.84 33.06 63.55 100.39 103.29 86.07 102.46 98.05 Dec. 18 3 *179.63 47.49 32.94 *63.15 100.31 103.18 86.39 1UZ.34 9o.o5 Dec. 25% 81% 119 82 98% 1 32.96 Dec. Parana reduced Interest Rio de stamped Janeiro reduced Interest (Plan 32 178.79 46.94 32.83 62.77 100.20 103.10 86.05 102.10 97.86 5 176.10 46.28 32.62 61.92 100,07 103.11 85.80 102.01 97.74 *The A) 2012 2% t) J-J 2008 2Vbs to 24% 124 4 Dec. stamped (Plan A) J-D 3'A 2 »/4 2% 27 2 of 6 OTHER STOCK RANGE WEEK FOR the of average American stocks industrial 30 gives effect to the ex-dividend of 20% EXCHANGES ENDING DECEMBER 5 Friday Baltimore Stock Friday Week's Range of Prices Shares Low Par Corporation Arundel * 14% Transit * 3% 3% Co 5% 1st preferred vtc Fidelity & Deposit Co Fidelity & Guar Insur Corp 17% 148 40 105 Feb 3.35 Nov 9% 17 Nov 44% 6 143 Oct 176 40 Jan 20 40% 100 Aug Jan 105 160 ^ Jan 40 % Jan preferred New Amsterdam Casualty O S Fidelity & Guaranty, prior National Western 26% 120 24% May 29 Jan 46 46 224 39% Mav 46 Va Jan 42 7 42 1975 A series 73% 741/4 1975 4s 83 % 84 1 Friday Feb 45 41% July S Machinery Shoe 6% _ Sale Price 71 July 90% 1,850 83 Aug 98 Sugar Refining American Tel & Tel Rights 100 180 152 % of Prices Shares " Woolen Feb 18 Oct 39% 645 32% May 42% Aug 40 46 41 41 50 53 56 3,004 60 % 63 25 Mass Co_-_ Ry Jan Jan 59% July 975 60 Sep 71 Va 41 120 40% Dec 48 43% 191 40% Jun 69% 20 145 140 May Apr May 146 Feb July 15 12% 15 V8 130 17"% Jan 14% 15 % 1,132 13% July 18 Apr 27 % 15% » D) May 44% 40% 145 100 • System Inc (S _ Apr 40 Va __ 42 Friday Last 245 3,692 1 % 1% 130,737 39% 39% 43% 327 Sale Price STOCKS— Range Since January 1 LOW . 17 Va 15 28 V2 730 22% May 30V4 July 15 Va 13% Apr Chicago Stock Exchange High 152% 152% 10% May 150 Feb 1 % 1-—*-- — . 424 16 53% Sales 45% 12% 41 10 for Week 44 % 45 11% Aug Feb Range LOW Par American _ Rubber & 0 25 common preferred Vermont -- • Fruit Co United Waldorf $16,500 Week's Last American High 15% Mar 70 5 Drill Twist Union U Co Boston Stock Exchange STOCKS— LOW 13% 14% 38% — Co Westinghouse Electric Co-p Co Range 81nceJanuary 1 High 16 li% • Inc— Inc Warren Baltimore Transit Shares 14% , . Torrington Nov 26% 20 Bank 105 BONDS— 5s Shop & United Mount Vernon-Woodberry Mills— 6.75% Stop Webster & Stone _ Jan 215 18% 105 25% 148 40 High Dec 42 3.60 148 100 2 50 Low 14% s'« Association Shawmut 310 15% 17% 100 20 10 Range Since January ] High 14% Baltimore Low Par Sales for Week Range of Price* for Week Sale Price STOCKS— Bale Price STOCKS— Sales Week's Last Exchange Last stock dividend Smelting & Refining Co. 34% May 149% Dec Aluminum Advanced Ball Aetna Bearing Laboratories 174% Feb Allied 2 A Jun 1% 45% Oct American Dec 51 26% Jan Oct Tel Castings Co 3% * • common Tel & 5 common capital __ 26 152% 100 Rights w i 1 for Week of Pricea Low Par High Sates Week's Range Shares Range Since January 1 High LOW High 3% 10% 1,150 3% Sep 7% Feb 11 150 9% Jan 11% Nov 25% 26 450 17 Jan 27 400 150 Jun 174% 24,900 1 Dec 3% 152% 152% 11 % 2 Nov Feb ij| Oct ■ Anaconda —50 Copper 32 % 32% 815 36'% 31 42 Va Mar May Armour & Co Bird Son & Boston 6% Carpet Bigelow-Sanford Elevated Ry Eoston 19'A 14% May Jan 135 Nov 115 Jan Asbestos Automatic Washer Avco Corp 19% 495 18% Sep 20 Va 27% 155 25 % Sep 37% Jan 19% • 26% Mfg Stamped class B 7% class C 10% class 4%% 1st 1st D class pfd pfd 1st D 150 3 6 375 4% Jun 6 Va 6 45 4'A Jun 100 100 pfd stamped 1st 4 5% 100 stamped stamped stamped--100 pfd 39% 20 % May 31 4 100 100 , 8% 175 28 100 prior preferred class A 1st preferred 7% 28 % Feb 8 May July 10 July Bliss Trust Prop Cities 10 Service Eastern Gas 4% % 6% pfd 1st 6% Brach 5 May 2 % May 7 series 100 17 18 100 Eastern SS Jjincs Inc National _* Stores . Lit Electric kehnecott, Copper Corp Larrtson Star • (Del) 6% pfd • Narraganisiett — England l 5 Cos North Northern Butte Pacific (N ' Quincy Mining Co see page 44. Jan 45 70% Nov 99 % Jan 55 85 Sep 124% Jan 20 Aug 47 Jan 24% Mar 21% 685 21% 535 62% 60 Dec 13% Sep 3% Aug 5% Feb 4% May 7% Feb 37% 200 28 Apr 19% 200 18% Apr 13V'4 14'A 200 12% Sep ■39% Oct 23% Aug 14% Feb 13 3A 250 11% May 17% Feb 17 17 100 13% May 18 11 11 200 9% May 59 12% 62 250 40 Mar 62 Dec 47 >A 50 350 35 Jun 50 Nov 10% Jan 12 % 20 % Ring common Carr-Consolidated 51% May 62% 44.50 & Central Nov 13% Feb Convertible Cent S ft Central common—1 preferred W Util States 100 16% Apr 21 Feb 12 Va 650 11% Dec 23% Feb 6% 2,400 Pr 1% Lt pfd 4% 1% Dec 24 35 % 1,867 31% May 40 29 425 23% May pfd 2% Apr Sep Feb Chicago & South : Air Lines 1 4 300 44 % 46% 336 41% May 51% Jan Jan Sep 46% 125 41% Nov 46% 100 Feb 182 14 May 58% May 17 67% 78% Feb Service Co common (The) 200 G 6 33% 20 58 21 11 > ; 620 12% 37c 40 16% 35c 20 11% 11% 12% 85 % 84'A 88% 56c 56c 70c 2,500 . 34% 15 16% 2,296 7 t- : 21 Feb 19% Feb 8% Aug 6% May 60% Jun 65 % Mar 62 62 % 500 28 33% 150 7 7V4 150 7 5% 5% 400 5 61% 400 35% 39 7 25% 60 35% 38 38 25 26 2% 60 Edison common 50c 13% Nov 121 1% (new) Cumulative Aug 120 Feb 140 preferred (new) 650 Credit Corp class 10 A__ 1 10% 3 6% Nov ■ .*.t -■ Flour Mills of America Drive Feb 9% Feb 56 % Sep 66% 100 23% Jan 22 % Mar 39 25 % Candy class A Jan General Motors Corp Jan Gibson Refrigerator 33% Sep 10 25 May 28 Sep 33 % 50 35 Apr 41 Sep 10 10% 250 Jun 13% 3 15% 15% 9% 9% : 5 common 10 Co common 1 Gillette Safety Razor common Goldblatt Bros Inc common ♦ Goodyear Tire & Rubber common * Feb Gossard Feb Great Co Oct 3,500 5 Oct 4% Oct Nov 26]'4 Nov 3 100 2,100 • __ 56% 8% 16 119 1.100 9% 2% May 81 13% 600 17% 300 52 8% 19% 581% 8% 200 28% 700 Feb 9 % May 10% 19% 56% May 6% (W H) common Lakes Dr & Dk common, * 28% — Oct 19% July 11% Feb 20% Jan 65 Apr Feb Nov 9% Nov Feb Nov 28% 300 23% May 31% Feb 10 10% 200 10 Jun 16 Feb 43 100 43 Dec 43 18% 300 16% May 22 Oct 17 16 % 20 Jan • 18 43 18 • 16% 16% __ 4% 113 Jun May 11% 40% 26% 10 Inc Auto Feb V - 13% Aug 25 % 96 * 39% 2%, May 164 Dec ' 38 % 50 26% 26% May 15% Dec Dec 26 % * Eddy Paper Corp (The), General Oct 33% Co— Dodge Mfg Corp common Four-Wheel 9% May 22 250 Feb 67C Dec 15 Va Oct Domestic Dec 34% 4 ' May 11% 1,650 Feb 14% May 84 % 15% 3% 62 26c 540 34% 6% 7% 351/4, Nov Dec 4,262 : 11 138 138 11 Consumers Common 5% July 24% May 43% May Commonwealth 7 % Mar 33% 10 Inc Co 950 500 62 Dec 15 67% Cities Coleman 8 % 8% • (new) Feb 15% Mar 10% July 8% __5 Chrysler Corp common 3 % 1% 2% Nov xl * * Jan Jan May * Electric Mfg class A Chicago Milw St. P Pac vtc 20 42 1 % 8% May 100 9% 1 Chicago Dec May 4% 30 400 1,700 12 32% Mar 39.50 1% % 9 8% * Chicago Corp common Convertible preferred 100 34 34 12 * 50c common & 34 1 common Feb 18 11% 4% 10 common Corp 15 16% 14 % 17% 10 Biscuit Secur 300 14% 11% 1 12Va (A M) Co 111 47% 5 Jan 41.60 U footnotes 97 Jun 335 100 __25 2.50 82 25 • Rexall Drug, Inc Piston Oct 73 50 Mills 6% 700 19'A • common 40 Va Jan 92 16% 100 H) Pennsylvania RR For 25 2.50 Electric System & Tel Mining RR 12 1 England Tel I 88% 57 Racing Assn Service 88% 33% * Nash-Kelvinator New 23% 15 67% Mergfen thaler Linotype New 60 (E L) Burton-Dixie Corp 42 % i_,25 Mathieson Alkali Works ' 36% 3 44 3'8 37 10 Butler Bros common 28% :_.___5 Theatres Cement Mainp Central RR common______i-100 National 35 Va Co Feb 34 1_.15 7 19% 2% W) Jan 6% May 41.60 34 —• Co Copper LoeW's Bciston .60% 1 • Gillette* Safety Razor Isl^'Royalp 21% • common Capital Corp General 144 25 25 700 1,000 950 2 37 10 —1 J Laughlin Inc common 8Va 12% May 7% 72 % 100 General 410 7 Va 92 100 A preferred adjustment Lone 88 % 4 5 15% Oct 3% Feb July 11% Castle preferred B First 35 Va 4 4% " common— common Corp & Sons (E J) capital Bruce 30 68 7 & Fuel Associates— prior preferred Mass Street Ry— Eastern - Co (George Borg Feb 4'/a Jun 7% 3 16% • 5 Mfg Si Burd Personal Boston Calumet & Hecla 6% 4% 3 Berghoff Brewing Corp Binks Manufacturing Co capital Feb 7 55 7% 6'/a 3 6% A 9% May 1% May 1,900 8% July 3 __ 1% 3 common Bastian-Blessing Co Belden Boston & Maine RR— 5% 1% 13% Sep 26% 13 V* 4 Athey Products Corp capital Jan 13% 1 Mfg Co common Jan 50% 39% May 19% lOu stamped 140 Dec 1,952 40 Boston Herald Traveler corp. 71 131% 40% 40 25 100 116 115 100 RR 18% 18% * Inc & Albany Boston Edison 59 131% 131% pfd—,100 5 common 1,200 Dec Dec 36 THE (2340) COMMERCIAL & FINANCIAL CHRONICLE ■ Monday, December 8,1947 » . OTHER STOCK EXCHANGES RANGE Week's Friday Range Harnischfeger Heileman Hein Corp (G) Corp Illinois Brick Co Independent low 23% 200 Apr 25 750 19 % May 29 Dec IOV2 100 10% Sep 15 11 Vb 11% 150 11 Vb Dec 17% Tool • com Katz Drug Co common Kellogg Switchboard common— v- Leath & Co Libby 1 • 50 8% 700 ~8% Mandel Bros & Miller & $.1 Hart Inc 111 Northwest Corp Northwest 6% 200 5% May 20% 400 17 ,Jun 29 Feb 9% 400 8 May 11 21% 350 16 45 250 20% 9% Feb 7% Jan 25 Jan 9% 100 9% Dec 9% 22 % May 34% 13'% 100 13% Dec 30 Jan 13% 14% 1,600 13% Dec 24% 14 V* 10 5 4 common Util prior lien pfd 700 25% 23% 200 13% May 17% May 23% 200 49% May 64 Vb 100 28 37% 200 48 50 9 __ 100 — ft Randall common..! Manufacturing Ontario Mfg 170 May 18 Co oommon Peabody Coal Co class B 6% 21 100 Pennsylvania RR capital Potter Co (The) common Process (The) Corp Quaker Oats Co Rath Packing 150 May Serrick Corp 10 * common Co capital class B class — Rapid 1 — Prod Corp common Signode Steel Strap common Sinclair Oil * 32% Bend Spiegel St Inc Louis Clothes Lathe 6% 6% 850 15% 5% 30 105 190 16% 6 800 5 Jan American 20 9% Apr Dec Jan 110 26% Cleveland Jun 6 % Sep 91 10 85 May 94% Feb 30% 30% 20 28 May 32 Feb 29% Oct 28 28% 200 22 % 37% 600 30% Mav 12 Jun 8% 50 12 32% 34% 40% July Jan x24% Mar 1,150 14 14 450 13% Ice $4.50 800 Container Sunbeam Cleveland & Texas Thor Firestone Tire Body— Co General stock capital General Motors 6% May 9% Feb 23% May 8% May 34% 17% __ 9% 9% 29% 29% 10% 600 29% 30 350 9% 10% 250 9% Sep 39 VB 39% 700 37 % May 9% Dec 38 Feb Illumln. 9 9 9% 30% 30% 24% 26 9 July Nov 10% Nov 26% May 33% Salle Low 3% St 50 650 26% Oct May 33% 33% 200 31 May 37% Jan 5614 561/4 57 200 53% 59% Sep 23% Feb 37 Dec Corp 211/2 21 22 650 14 36% 36 37 700 21 May 46% • Steel t> capital 47 104% 104% 4 • common 120 46% Dec 100 89% Jan Wieboldt Stores Wisconsin Inc Yates-Amer 4 Mach common capital 751/2 700 •62 28% 200 23 Vb 5 17 17 10% common Bankshares 73% 27% 731/e Westinghouse Elec & Mfg common_12'/2 , 54 Feb 10% 11% 1,200 14 13% 14% 1,150 May Apr 108% July 79 Vb Feb 30 July 16 Jun 23% Jan 10% 50 Dec 13 V2 Jan 9% May 15% July Stocks— Unlisted Alleghany Corp 1 American Radiator San com & St • 3 Halle 3% 3 600 2% May 5% 14% 14% 15% 700 12 May 35 35 500 26 May 41% 33 33 33% 200 31% May Feb 17 10 Anaconda 50 Copper Mining Bethlehem Steel Bros common Gas Continent", 1 General Electric Co Oct 151 34 % 5 % 75 42 V* a 58 8% 50 10 Steamship & Kelley McKee Feb N & Central Y Ohio Packer Mfg B _. _ Radio 79 22% 245 50% Oct 54 % 55 12 Dec 20 50 48 % 36 % Feb 39 Feb 31 % 33% 570 33% 32 27% May 990 Mar S Coach Van Steel Ohio Works Iron Youngstown Steel Door (Un) 7% 100 7 May 12% Feb 5% 300 4% Jun 7% 300 5 % May 6% 8% & Tube Jun 52 Jan 4% Dec Feb 8% 14 31 30 24 30 May 35 % Mar 25 V* 65 24 % May 30:% 16 % 272 15% Dec 10 100 a 22 a26 % 100 a26 Vb 60 45% 1,119 55 44 15% al5% a -- a74% . a 10% 2% 4 Jun 12 % May 22 3 Jan Jan 39 7% May 14% May 22% May 26 7 Feb a Nov Feb Feb 8 10% Feb 24% Sep 30% Feb 44 Oct 5434 Feb 23% Jan 31% Aug 50 9% May 17% Oct 75% 146 61% May 793/a Feb __ 11 253 11% 11% 132 11 Oct 18 __ a Sheet Oct 34% Dec 70 a26% a27 Vb 4 .. . 26 575 22 __ 44 .10 _ Feb 22 Nov 2% 10 .. - — 16% 18% May 22 37% a 25 V* - - Nov 30 a Youngstown Tool Publishing Nov 11% Jan July 12% al5% -- 1 Oct 5 2% 10 100 Feb 31 34 37 V* al2% • • 12% 7% 1,853 2% 5 _ May 7% 80 4% a (Un) May •11% 41 '/2 4% __ 10 11% 40% a common- (Un) common Dorn 23 % -- • Standard Oil of IT 12 V* 22 23 50 Feb 42 11% 22 __ Richman Bros Sep 35% May 31 Jun 11 - America (Un) Reliance Electric & Eng Republic Steel (Un) Nov 12 22 __ of Qorp Feb Aug 23 33 % 31% a Sargent Pennsylvania RR (Un) 23 30 75% 51 a45 Vb a45 % a Patterson Jan 12 * - Dec 70% Mar 51 - Corp 17 27% 837 22% 1 — Feb 40 ♦ — Feb 61% 280 4 RR (Un) class Brass Feb 17% Jun 75 * Paving Brick Dec 41% 28 __ Cement Portland Medusa Metropolitan 8% 32 Oct Feb 112 .17% _ _ Jan 8 Feb 17 a B 65 79% 61 39%. 75 51 a class G) Jun 65% 28 __ (A Feb Jan 17 * Laughlin Steel (Un) Island Lime & Trans—1 Get 44% May 28 50 - Nov CO CD 51% a43% — Nov 15 % 257 58 a43 * July A 34 % Sep 65 50 a35 Vb a35 % — Nov 3% 100 79 a50 a8% a 100 July 79 * __ 27% May 11% July a50 1 World — Fed 2 a34% a36% • Jan 1 1743/4 80 (Un) Rayon Nov Radio Jun Nov 5 5 Vb Nov 1% 863 79 19 149% 1,747 — Feb 5% 621 15% a Feb 5% Nov 1,270 82 % 4 20% 1 & 11% May 18 a 32% - 100% • Television 335 High 2% Mav 1 % 10 — Nov Motors Farnsworth 245 a32% - - 12 Curtiss-Wright 3% 3% 1% 5 - - 97% • 550 152% 152% 1 (Un) 4 Electric & Low 3% 14% - _ Range Since January 1 High 18 _25 _ Co Interlake Jones Vlchek Columbia Feb 60 5 (Un) common common 1 Products Certaln-teed Apr 52 i/s 3% * (Un) Preferred Harbauer Twin American Rolling Mill Jan 52 14% McKay Machine Sep May 2 Carbon & 16 »/2 Jun Sep 3% 100 National Tile U Carbide Nov Sales Shares Sep 16 1,050 5 So La Union Oct 6% 12% May 80% com Preferred Feb 13% 44 33% common 71 38 99 Feb 25 (The) Co 24% May 6% Feb 49% 171 142 1 _ Goodyear Tire # Rubber Gray Drug Stores... Great Lakes Towing common Feb 25 Corp Nov " 28 Jan 3% Oct 52% » 66% May 100 common Rubber Electric Oct 100 24% Jan 4% July Feb for Week mo (Un) Oct 300 5 common 15% 43 50 Week's 5 (Un) __ & 16% July 7% * Tool (The) Co Trane 208 Mach Co 23 . 80 Range Detroit'& Cleveland Navigation(Un) —5 * Electric Controller 15% 28% 1 6 50 1 Iron Electric 35 7 common Apr 100 1,169 Oct 28 4 Corp common Sundstrand Swift Corp 23% 25 5% 70% 6 * Cliffs Industrial Stone 25 5% 69 V* of Prices r.nc Fuel & May 14 & preferred Mar 10 15% -- 40% May 50 — City 6 15% 1 289 27% Sale Price Rights Feb 5 Apr Coach American Tel & Tel Jan 4% May 14 25 48% 25 Par 20 15% 2,600 6 2 Stockyards capital Forgings common Oil of Ind capital Standard Apr Last Feb Apr 15% Nat Standard 20% 46% -- STOCKS— Feb 1 common Dec Friday Feb 5 capital 14 Cleveland Stock Exchange 10 V* 93 » common Works 176 15% 50 - - Brand Society South Jan 14% 43 - Apr 18 20 • Corp 69 • Gabriel Shellmar 25% July 32% Jun ft Printing Mfg... Alleghany Corp (Un). 37 28% Jan Jan 53 6 Jan 26% 91 — 20 24 165 69% 1.1 B Dec IV* 900 5 ■* com 8% 18 105 6 4 common & 8% * common Roebuck 15% 1 common Sangamo Electric Co Sears 50 — 10 20 62 July 15 Apr 170 18 6% 5 common preferred 21% 25 47% July 8% Apr 450 10 .22 % 19 .34 Vb Aug 23% Nov 150 9 22 8% 1 Oct Feb 12% Jun 7% 25 __ • Akron Brass Oak 10 21% • Jun 24% 8% 14 - Pumps G Oct 36% 24% 14% Mar 165 Feb 37 Apr Jan Apr 125 99V2 Jun 12 20 160 Dec 52% * common 14% 23 V* 52% 71 25 Fed 60 13% Mar 36 10 capital 8% May 1,050 37 23% — 2 com 9% 284 12% 141/2 27% Manischewitz National U S 78 110% Aug 25 60 — Preferred 9% 9% 21% * — Lunkenheimer Feb Aug ♦ — - Kroger Feb 13% vtc 10 . _ __ Dec 600 Nov 7 Feb 29% Nov 102 8% • & 23% 48 991 12% 160 * Nov 618 8% * High ft Kahn Mar 47 % May 24% 23 12% 160 Gibson Art Apr ID 13% common Banco: p ,6%May 44 23 * Northern Nov 24% 77% * Low 102% 7% —50 Yard A Drug Eagle-Picher Nov 900 20% class Dow P * Standard 6% 16 13% prior preferred Mfg common National Dec 11 V» May 1 Modine Noblitt-Sparks Ind Inc 200 20% _• Montgomery Ward & Co National Pressure Cooker Jan —6 common Union -Stock Cola Formica 14 .44 common Mickelberry's Food Prod Middle West Corp capital 5% Telephone Coca 23% 7% Range Since January 1 High 102 2 Feb 18 8% * Co 200 25 Dec 9% 1 common common Field May 7% 19% 19% Lindsay Lt & Chem common— Marshall 5% 19 Low 100 — Cincinnati Jan 8% :7 common Mar 6% • common McNeill 8i Liibby 5% 12% 5 common V Lincoln Printing Co V 21% 7% 7% 5% Shares 24 Preferred Cinicnnaci Street Cincinnati 21% 1 1 com 17 for Week Cincinnati Gas common Oct 29 11% Sales Range of Prices Par 12% 10»/2 10 Pneumatic La Salle Ext Univ High Oct 9 Vb May 23% Indiana steel Products Common i 250 25'/2 Jim new low 11% 1 capital Brown Stores High 111/4 Week's Sale Price STOCKS— ..... ....... _3 (new) 5 Last Range Since January 1 JLO common Brewing Co capital Werner DECEMBER Friday Shares ;1 common ENDING for Week of Prices Par Instrument Co Hammond WEEK Sales Last Sale Price STOCKS— FOR 18 10 18 Dec 34 Jan 53% May 83 Oct 21% Feb a74% a 76% 115 16% a 16% 20 10 Jun Feb 20'% 12'% Feb Nov 600 .. __ . a a -- 15 May Feb • 34 34 35% 300 32 May 39% Feb Graham-Paige Motors 1 5 5 5% 2,200 3 May 8 Oct Laclede Gas Light 4 4% 4% 4% 1,000 4% Nash-Kelvinator 5 16 16% 300 • __ 12% New York North Corp Central RR American capital Co 10 Car • Motor Ainer Paramount Airways Corp Pictures Inc 12 % 17 17 6% Feb 19% Feb 900 14% May 12% May 22% Feb Oil Co com common Radio Corp of America common Radio-Keith-Orpheum Republic Steel Corp common Socony Vacuum Oil Co Inc Standard Oil Standard N 4% 100 17 Dec 33% Jan Sep 7% Feb 4% 700 8% 8% 300 8% Dec 14% watling, Lerchen & Co. Members 21% 300 21% Dec 31 Stock Exchange New Exchange 22'/2 • 1 • 9% 8% 25 221/2 241/2 600 22% Dec 33% July 24 V2 • 24% 600 2IV2 May 9% 8% 10 7% May 500 10% 900 25 25 200 16V8 16% 16% 74% 74% 75 8% 19 20 17 July 17 May 24% 12% Sep 4% Jan Friday 9% 500 • 2'% 2% 1,000 2 % May Wilson • 14% 14% 400 10% May 141/4 7% 17 STOCKS— Par Allen Friday Week's Range American Laundry Mach .Share* 20 Balcrank 32% 1 3% 8 Baldwin' Briggs 16% 3% 16% 4% 4 Low 29% May 15 3% 282 16% 200 4% 170 16 4% Brummell 1 Burger Brewing 4 22 22 25 Champion Paper & Fibre 4 21% 22% 70 19 % 4 9% 9% 15 4 5% 6 198 Beau Chnrngold Cincinnati For Advertising Products footnotes see page 44, Rubber common . 1 Sales for Week Shares Range Since January I High Low High 3% 10% _ * — 3% 2,032 2 Aug 3% Dec 3 3 200 3 Nov 5% Feb 10% 11 220 10 May 12% Feb 32% — (t Manufacturing common. Adding Machine Chrysler • Dec May Dec Continental High 37% 32% 170 30 Vb May 40 Feb 14% 14% 380 12% May 16% Oct Crowley 5 Milner —-- common.— Jan 20 Mar Davidson 220 57% July 65% 20% 350 19 23 Nov 7% 8 700 .6% May 12% Feb 6% 6% 6% 250 6% Oct 10% 7 7 200 6% Apr 1 Detroit Edison Feb Detroit May 26% Feb Detroit-Michigan Stove 8% Sep 21% Jan Detroit 5% Oct 13 July 5 Detroit & Cleveland Navigation «Jan Jun 60 20% 7% 1 Bros 28 16 - 60 20% 1 — 60 10 common Paper Motors May Oct Feb Feb 7 8% Corp Consolidated Range.Since January 1 High 32% 1 Burroughs for Week of Prices Low Electric Baldwin Low 1 Product* Range of Prices Sales Last Sale Price Par Sale Price Oct Cincinnati Stock Exchange Week's Last Aeronautical stocks— Exchange Feb Jan Detroit Stock Feb 16 700 DETROIT Telephone: Randolph 5530 79% July Mar 11% May 19 Building Feb 9% common Associate Feb 13% Mar 300 Ford Feb 15% 30% 64 2,100 1 1 10% Dec May 23 1 Co Curb 28% July Sunray Oil Corp United Corp & York Chicago Stock Exchange Jan 15 J Spring Corp common Detroit Feb 21% 25 Steel Studebaker of 4% 1 33 % (The) 4% 2ya new Pepsi-Cola Co Pure — 16 Apr New York Stock Packard Pan - common. __ Gray Iron Steel __ 1 -.10 ; 5 21% 2% 5 5% 1,900 21 21% 5,409 2% 350 2% May 12% 400 10% May 17% Jan 2% 12% —- Products Electromaster, Inc. 20 __ 1 *12 23 21% 23 935 2% 3 2,625 2% Vb 3% 21 -2% Oct Dec Sep 8 Jan 6% Jan 27% Mar 3% Feb 13% July 26% Oct 4% Feb - Volume 166 Number 4653 THE COMMERCIAL OTHER RANGE Fndaj Week's Range Mogul Shares Gar common Ale Wood General Industries Low EXCHANGES ENDING DECEMBER High Loir 100 1 4 Va 4 % 200 4 Jun 514 1 1% 1,500 1 Nov 6Va 6% 350 5 58 58 17% 254 Dec 23 July 8% 8% Hall Lamp Corp 15 2 °/u Feb Sierra Corp 25c 17c July 52% Shell 9% Feb Signal Oil & Gas Co "A" 4 122 Jan 65% Aug Union Oil Trading Signal Petroleum Hoover Ball Hoskins & Calif Hudson Motor com-.- Kaiser-Frazer Southern 4,32% preferred ....25 preferred 25 Lansing Stamping LaSalie Wines Masco 5 "< Mc.Clanahan Feb wuuumrn 13% Apr 18% Oct Standard Oil 19 % 445 13*/4 May 21V2 Oct 14% 475 Apr 18 Oct 14% 300 13 y2 May 16 Nov 5% 2 300 1% May 2 3/4 3 200 3 3% July Oct Feb 2% 3 % 900 2% May b% 2 2 2 800 1% Sep 2% Jan 4% 4% 5 % 950 4% Dec 6% Aug 7 7 7% 650 7 Dec 8% July 1 % 1% 1% 17,405 23 Va 108 18 y2 15 15 150 10 -- 1 _—10 common Stamping 2 2% -- 2% 75c 900 Feb Calif Gas Co 6% So Textron Packard Motor Car Chemical Parker Rust-Proof Peninsular Rickel Metal W) (II River Raisin • Products 5 United Apr 27 % Oct 15% Nov Alaska Oct 3 v2 Apr Black class B Udylite Union Corporation Investment United S Shirt Warner Screw 33/4 Nov 9 % 475 7% Jan 8% 660 7% Jun 15' 2,445 0 % 4% Jan 93/0 Oct 10 Jan 9% Jan 15% 3 100 3 Dec 4% Feb 200 3% Jun 4% 18 % 115 16 May % 187 6 Apr 12% 600 12 6 6 6 21 Feb 7s/8 July Jan 15 Jun 7 Mar May 14 Jan 18 Va 10 11 May 12 % 16 2% 2 % 800 1% May 3 Oct 2% 2% 300 2 2% Jan 2'/4 Corp Jan Angeles Stock Exchange Range Sale Price of Prices Shares Petroleum Consolidated Barnhart-Morrow Basin Oil Low 1 Company 4% 1 4% 38 Inc 9% __ Chica Oil 2 5 Cons 10% 3% Jail 1,100 50c Sep 1,800 5 Jan Certain-teed Products 7 7% 1,040 11 10% 11% 8,086 12% 12% 12% 2,393 r-4 Central Investment Corp — a25% a25% 30 __ 20 Corp 29% 1 Chrysler Corp 29% Corp Creameries Steel common..4 of America, Douglas Aircraft Dresser Industries Electrical Exeter Oil Co Inc Co i 1.00 12% Apr Unlisted class Ltd American Amer & S Co Mng & Farmers American Tele Fitzsimmons Stores Garrett Corp General Motors General Paint Gladding, Radio &; class A 32% 6% May 6% 11 9% Anaconda 13 15% July a a__ Feb — & McBean Armour & Co class A Hotels common Avco Co Development Co Foods Hunt Intercoast Inc Kaiser-Frazer Petroleum Lincoln Lockheed Los Angeles Menasco Company Petroleum Nordon Corporation Northrop Bendix Pacific - Puget Sound Republic Petroleum Co fiexall Rice Drug, Ranch Richfield Oil Oil Corp Service Finance . For footnotes see 44. 1.189 150 Va Jun 173 Jan 1 Dec 13% 560 10 15 3/4 Oct a80 a82% 175 713,4 May 97 Jan 32% 38 25 — __ 13 a33 a33 15 4% 5 430 14% May Apr 210 4% May 14% Oct 42 Mar Oct 7y8 Feb 15% 210 a32% a323/4 14% a29% 5 40 22 Mar 30% Oct a29% a31% 50 32 Sep 393/a Feb 78 May Dec 24 Feb a41% 99'% 99 Va a41% a42% 205 15 85 40% May 43% Sep 4 a53% a53ya a55% 50 54 Sep 63 Feb 1 (The) * Co Co„ — 10 100 Nov 4 64 24 Jan 40% Oct 11% 161 10 May 12% Sep a22% a22% -- , Corp Edison Commonwealth & Company Southern Edison Co Y) (N 50 23% a25% a25% 135 2% 1,200 a35% a37% 11 % Co __ • 2% 2% • (Dell a21 a2078a21,/a al2% al2% h13Vb 50 26% July Nov 31% Feb 2 3/4 189 a48% a48% 5 Oct 25% 188 1 Vultee Aircraft Oil 25 Corp Crown Zellerbacli Corp Curtiss-Wright Corp 5 32 1 4% 1 common Class A a20% • Goodrich " a50 175 48 Nov 20% 675 14 May 21 %4 14 Va 340 13 Apr 15 % Feb 60c 6,500 49c Oct 2.05 Jan May May 3% Jan 21 % 25 Oct May 11 41% iv % Apr Jun Nov 50% Oct 32 32 210 4% 5 392 al9% a20% 175 26 Jun 4% 13 333/4 Oct 6% Feb Jun May 20% 45 10% May 16% Jan 100 11% May 16 3/4 Jan Nov & Share & Electric Foods Co Light 5 al0% 4 Corp 14% • Co Corp al0% al0% 34 y4 • __ 14% Co F) (B Northern Great 300 20 a7% 100 300 Nov 350 International Int'l Tel & 34 % 34 y4 470 33 May 39% Feb 35% 35% 260 35% Dec 42% Jan 12 12% 996 12 Dec 14% Oct a60'/a aGOVs 25 49 % Jun 65 % Mar 1,000 315 7Ve May 57"% 504 52% Jan 65 Feb McKesson 19% 100 19% Dec 28 Feb Montgomery May 34 __ a5% 550 a36!/8 a37% 55 a5V2 3 May 8 Oct 38% May 42 July Canada—* — 11 Va 4 Corp • — a26'/8 a26% 11'% HV2 130 27% 156 46 9% 9% 733 20Va 20% Nov 9% May 162 280 46 36 173/a Jan Feb 433% Apr 8% Jun 103/4 Feb 19% Aug 25% Jan 49% Nov Feb 100 12 12% 650 1.15 1.20 1,100 19 jun 19% 390 1,197 82 11% Jan 95c 9% Feb Libby, McNeil 14% Jan Loew's Inc 11% 58 % Mar 110 Libby 7 * Company Aug & — -- Ward Nash-Kelvinator Jan Packard 21% Oct Pan 29 Jan Paramount Oct Pennsylvania Oct — — 5 — 60 al2 al2 a33% a33% 20 a53 a53% 143 al6% al6% 12 Va 12% 16 al7% al7% 201 a26% a26% a26% Aug 18% Aug May 42% Jan Apr 62% Feb 18% Sep May 22 % Feb Oct 32% Feb 21% May 4% Sep 1,080 al7V4 4 Pepsi-Cola Co 12 Va 50 • 10 RR Co 17 % 31 51% 27% 12 23% Oct Oct 1.35 al2 • Corp American 12% Inc Co, & Central York North 1 .18 Robbins, Inc Sep al8% al8% 100 95c97%c 900 65c Jan 5 May 13% & Oct May 13% May 15% May 13% — 4 Feb 9% 42% __ of Nickel Tel 10% 99 __ Co — 1 pfd Copper Corp 5% May 8% Nov 26 __ Co Ry __ Feb 1.15 2,243 1.30 3,900 345 11 May 19 270 15 260 Jan 270 May 85c 95c 1,100 1% 2,100 80c87%c 4,200 Oil Company Car Motor American Co 4% • Airways Pictures, — Co 1,487 115 21 21 16% 22% 22% 200 — 33Vb 25 44 44 250 Feb 9% Nov 21 Dec 303/4 Jan 15% 1,217 __ Oct 7% Nov Dec 26% 223/4 Dec 26 Nov 37% Apr 46% Nov 9% 440 15% 21 50 Corporation 4% a8% 22% 1 Inc Railroad 35 4% a8% Feb Jan 270 1.50 __ 1% 80c 1.10 Dec 18 1.70 July 1% a8% __ 50 al7c 500 7% __ a8% al7c __ 7% 300 70c IV* 48c 9% 12c May Apr Mar 95c 3% 95r Sep 14% Jan 31c 5% May 9% Jan Phelps Jan Dodge Pullman Incorporated Oil Radio 4 — a24% 9%- * Company of America Corp * Republic Steel Corp * — 15 — a53% a53% a24% a24% 9V4 10 26 V2 26 % 60 170 - 53 22 % Oct Apr 60% Feb 28 % July 1,175 7% May 10% Feb Feb 260 23% May 30% 16y4 16% a33% a33% 473 14 17% Aug Mar Jan Aug Feb 38c 38c 40c 425 62 %c 2.20 2.55 38,650 1.10 Jan 2.55 Dec 18 18 19 % 430 13% Jan 21% a35 a35% Socony-Vacuum Oil Co Southern Railway Company Standard Brands Standard Oil Co Mar 20 30% Jun 47 4 a23% a23% a25% 130 25% Nov 31% May 25 — a39% a39% 146 37% May 44 75% 75% all% all% 19 20 172 65% Feb 75 133/4 Sep 78% July 15% Jan 560 16% May 25% Feb a56V4 a56% a56% a56% 177 53% 60% May 70 Sep 48 Va Apr a22% a22% 25 18% May 253/a Oct 104% 104 % 261 106% Oct al50al53% 70 &17 n. 17 Va 77 18 % Nov 27% Mar a22% a23y4 a2% a2% 125 17% Jan 24% Oct 60 2 5/s May 4% Jan Feb * Inc (Ind) - — Feb July Feb 2.25 25c Oct Standard Oil & Sep Co Webster, 348 34% Jun 42 380 34% Nov 41% Apr Texas 40 34% Oct 38% Mar Texas a51% a51% 91 51i Nov 62% Feb Tide a44% a44% a51% 25 26'A Apr 45 Nov Union Carbide 9 Jan 25 % Dec Union Pacific 6% Dec 11% Feb United Air 95c Nov United 17 VB Aug 23% 80c 25 % 1,678 6% __ 6% 591 80c 90c Company Gulf Sulphur Water & Carbon Railroad Lines 16 16 16% 720 — 4% 4% 200 3% May 20% 20% 175 20% Dec 25% July Western Union Teleg Co ,1,7% 18 635 17% Dec 18% Westinghouse — — ' 19 2,600 7 • a37 a37"% 264 31% May __ Co 10 Corp • — 100 150 Co Inc • ' a56% -* Company Associated Oil 52 %c May 141 Jan 17% all% 25 Aircraft 25 5 4 1 Inc Jan 35% 35% __ __ 25 (N J) Btudebaker Corp a32% a32% __ 1 * page 152% 152% 13% General 100 1.15 .-1 Sears Roebuck & Co Nov a80 5 1 Co 70 13% Works Solvents Corporation United Corporation (Del) 10 — — 5 , __ 1 — 93% a__ Jan — 54% Sep a— Feb Warner Bros Safeway Stores Inc Seaboard Oct Feb Apr Ry—100 General Public Utilities Corp 205 __ 1 common-- 9% 16% 51% 5 Fe Oct 28% 100 2.5G Ryan Aeronautical Company Dec 11% May 100 31% May Feb 28 % 4 Co 435 400 940 17% 13 Va • _ 7% 17% 36% 20 a42% a43% __ 25 common Inc 14% a55% a55!/B 34 % Corp Tractor 19% a43% 25 & Timber Pulp __ 3 Company 56% __ 25 preferred Lighting Corp common __ __ 12 Vb May 14% Elec preferred 7% __ 50 Co 80 1 1st 7% 220 1.10 Pacific 1st Jan 4 Stone 5 % % Sep 12c 24,962 Co Oil 9% 56% 10 6% Apr rtc Dec 15% 1 common 2.00 Apr Power 12% Corp common & Dec 4%c 1 irb (The) Co Aviation 10% 14 Pacific Finance Gas 90c 2 %c 7,023 Bond 300 __ 1 Corp 500 9,000 6c Electric a7% __ 1 Oceanic Oil Co Jun 1.05 Electric 55c __ 1 1 Ltd Petroleum Mar 12c Oct 14% 55c 1 Inc Aircraft Occidental Feb 8c Nov li'o Graham-Paige Motors Corp 1 Co Co Lines Inc 6% July 4c 5%c Jan 62 1 Manufacturing Merchants National City May 4c 3,000 5c Nov 100 Co 4 300 4c 90c 66% 1 Investment 200 a5% 4c 4%c • Corp Locomotive Barnsdall Pure Oil Mascot 4 a5% -- 20% a48 10c Corp 4c 5c 34% Sep 19% 20 14'% 1 Co Aircraft Nov — 19% May Jan 10 Corp 42% Nov 6.66% Corp__ 108 24% July 79 y8 Feb 4 __ 1 56% 23% ♦ common Petroleum May 63% May Feb 12 Va May 35 1 » a73% a75% Feb 20 1,542 Jan 250 11% May 5 Hudson Motor Car Co 24 Jan 1 Co Santa & Refining Mlg Ohio Holly 23 % Feb 15% 20 3/4 Jun 65c 700 1,120 4 Corp 40 19% 10% May 15 % 2,231 Apr 100 Mining (111) Topeka Atlantic New Hilton Jun 14% 60c 605 1,355 Goodyear Tire & Rubber Co common..4 Hancock Oil 11% 13% al4% al4% Sep 100 17 % 12% * Co 110 al4% al5% Feb 12% a20c 60% 12 10 com Jan a20c 25 Tel Co Copper Magnavox Corp common 7% 10 al7 al7% 2 Corp 1,507 Mar 47 Feb Jan Apr 12 1 (The) 10'/a 40 62% July li'a Consolidated 30% Bank___100 Corp 9% 51% Mar Aug 1 Refining & Tel & Consolidated 30% 1 Merchants Natl Apr 1,694 25c Airlines Smelting Kennecott Farnsworth Nov 35 430 61 May American Radiator & Stand San Corp.* Jun 30% 4 A 35 42% Stocks— Nov 17% May 21% May 50c Corp 10 42 % 59 3% 6% 15% __ al7 4 Inc Products a35% a35% 23 % 10 High 6% 1 Inc Jun 32% July 310 Commercial • Corp Jan 29% Dec 7% 60 60 20 Consolidated 343/4 Dec 27 6% 10 Chollar G General Iron & Preferred NOV 25 334 1,200 17'4 __ 2.50 Fuel Colorado 27% 937 2,095 39% Mining Co..' Commonwealth Lnw • Jackson Co Byron 27 10 pfd imperial Development Co Ltd Zenda Gold Mining Company Cities Range Slnee January 1,450 1 Corp Broadway Dept Store 29 25% 1 Cement Gold Gold Continental Bolsa Apr 37 Columbia Gas & Electric Corp High 52%c 52%c __ * Co Blue Diamond Corp Oct 1.35 16% Aug for Week Par Bandiri 23% Cons Mining Co Mining Company Juneau Caterpillar Sales Last STOCKS— 25 a7J% Mammoth Baldwin Week's May Mining Stocks— Borden Friday 14% 4 Bethlehem Steel Corp Los 27 Feb 6 250 1,100 12 15% __ 25 July 12 1 common a 10 Portland Atchison 11% 535 15% 1 common 13% 5 Rights 1 Products Air Co Oil Lines Air al4% 2 & Western Steel 9% Oct 6 14 Nov 3 % 6% Dec 35c Oct 130 Nov * common Aircraft Wayne 200 18 % 6 1 Distributors Radiator 3% 33% Mar 3 1 * common Jan 28% May 3 % May 1,300 Jan Feb 6% 3% -- 1 Brewing 158 7% Jun 5 14 % 5 Tivoli 29 % Sep 4 8% 14% 1 com Tool & Die Timken-Detroit Axle common^ 4% 800 85 23c Oct 9 r-% 1 1,087 1 California Cons Yosemite 59% 50c States Western __ 42% • Corporation of Universal 1% 4% ... 10 Superior 4 — • Inc Oil May 3% ... ^5 common 4% 29% 2 Paper Tube 4% 4 1 common Manufacturing Standard % 2% common Scotten-Dillon Sheller 4 1 common — 25 of Transcontinental Union pfd "A" Company Calif Co Transamrvica May 2% Paciiit Cardinal Park Ltd com__25 Co Bunray Oil Corp 3 common Corp Nov 21 100 23 % common National 29% Sep 17% 2 __ 10 Oil Murray Jun 14% 1 Products Motor 22% 130 1 com common preferred conv Dec 420 15% 14% -- 2 common Mlg 9% 27 13: 13% 730 Sep Oct 10 19 % 1 Products Screw McAleer Edison 17% 1 Drug Calif 15% 1 Kinsel 120 122% 10c Sep 26% 1 common King-Seeley July 27% Feb Nov 15% 33 6,500 28% 6% 2% 26% Mar 17c 917 714 150 30% 15c 34,800 b 9% July 30% 50c 3 9% 59 15% 5% May 934 May 35c 200 Jfn 48 100 15% 975 High 321 35c 207 Jun Low 52 15% 6% * Car __ Range Since January l High 50 1 5% * common 50 • 5% 10 Bearing Manufacturing Houdaillc-Hershey U of Co Corp 5% 5 common Low Jan 1 new Shares 30 1 Brewing for Week Par -t.-iB% Goebel Graham-Paige Sales Range of Pricea Security Company Sinclair Oil 1 Week's Sale Price STOCKS— High 17'a 10 Gerity-Michigan Corp ft Last 17% 1 Motors (2341) Friday 1 Brewing WEEK Range Since January I 5 common Fiankenmuih Friars STOCK FOR CHRONICLE for Week of Prices p at Federal FINANCIAL Sales Last Sale Price 4TOCK8— & Nov 40% July Woolworth Pictures Inc Co class A Electric Corp (F WL 5 * 12% 10 — — -- a45% 13% Nov 18% 17% Jan 26 al2% al2% 50 a20 a20% 27% 27% a45% a45% 272 22% May 30% July 170 44% May 50 45 Oct Feb 37 38 THE (2342) COMMERCIAL & FINANCIAL OTHER STOCK FOR RANGE WEEK CHRONICLE EXCHANGES ENDING DECEMBER 5 San Francisco Stock ge Friday Last 6tocks— Sale Price Par American Stores 100 Tel & Tel American 2*"* 152% Wks Co Budd 13 vtc * .. _ of Prices Shares Range 8lnce January High 25 % LOW 25% 285 152% 152% 23 28% July Aireon Mfg Corp 1 3% 4 550 3% Dec 29% 29% 30 y2 1,565 29% Apr 36 7% 7% 7% 965 fa% May ua 15% 15% 125 15 Nov 24 y4 Feb 10 10 10% 330 9 May 15 Feb Bandini 5 5 150 4% May 7 7% 1,195 597/8 59% 62% 255 Byron 9% a25% a26«/8 123 20% Aug 27 Oct 543 66% 17% Oct 9'/a 1,518 190 6% Mar 8 Mar __ 53% 53% 54 % 243 56% 56'% 58% 1,404 5 21% 21% 22% 140 16% __ 56% Sep 6% Mav 16 Dec 47 51% Mng Co Petroleum Oil Co Jackson 1 2 Co • f 1 Brothers Lehigh. Coal & Navigation Lehigh Valley National . 10 RR Power 50 & Lights ^—* Pennroad Corn 9% Calamba Sugar 24 Va Jan Jan 57ya Oct California Art Tile 5% 65% Feb California Cotton Mills Nov 24% Packing 9% May 60 4% May % Aug 6% 8 % Jan 1%, Jan RR Pennsylvania Salt Mfg • common 30% 30% 31% 500 * common 1,831 5% Jan 7% Feb Chrysler 18 % 19'/a 2,736 13 % Dec 22'% Jan Clayton Silver Mines 10c 15% 16% 10,159 15% Dec 27 Feb Olorox Chemical Co 3V3 10 common Philadelphia Electric Co preference 44*% 44% 45% 167 51% Jan 4% 4% 4% 100 9% • 21% 22% • 24% 24 % 25% 4% 81 3 common common Reading Co 31% 31 % 31% 355 50 Dome Oil Corp 1 common Paper • Dec Class Corp 21% Broadcast 21% Consolidated Dec 27% 24% Dec 29% July Cons Jan 35% Creameries Jan Nov 17% 18 117 17 May ?.®% 500 7 % May 40s. ..J% 258 40% 53% 42% 17% 10% __ 54% 158 50% May 22% July • A __ Nov a52 __ a53 7 6'% Mar- Dec 3% Aug 8ep 11 Jan Apr 32% Nov Oct 55 Jan 50 % May 63 Feb 24% 7 a54V3 a55% __ 3% 2.25 Dec 52 35 1.20 1.25 2,023 57c 60% 61% 1,340 56% Sep 66 Oct 47c 47c 500 45c Oct 56c Jan a22% a23% 35 20% Apr 30 Jan a21% a22y8 75 25% Sep 29% July a21% a21% 50 30'/a Jan 30% Jan 26V4 585 25% Nov 32% Jan __ Jan 1.65 Aug 63 __ 15 63 59% Edison 25 5 Air Corp— Ainer 01 Zellerbach 49 Jan Di 74% Feb Ooernbecher 65 Sep 2% Inc Corp 1 1 common 5 common $4.20 preferred * Giorgio Fruit Corp class A Dow * A 60% __ __ a22 __ 26 __ ... 12 __ __ • 25 5 5 100 12% 12% 311 12 12% 1,853 32 V4 32% 1,846 101 102 255 101 15 15 % 5 Dec 6% Nov 17% Feb May 25% Apr 23 V2 Jan 11% *1 % 34% 108 Jan B 5 com common Mfg Chemical 5 Co Co • 15 common 15 420 15 Dec 32 Jan 15 152 15 Dec 32 Jan 8% 725 6 May 11 Feb a3o% a'38% 50 38 Aug 41% July 15 __ 8% __ a38% Jan El Dorado Oil Works • 38% 38% 170 23 Jan 41 % 1% 1% 1% 600 1% Apr 1% Jan Emporium Capu ell Co common • 39% 33% 39% 94i 3*2% May 3% 3% 4 1,121 3% Nov 5 Apr Eureka ] 3% 3,'« 3% 950 1 2% 2% 2% 1.030 2% Dec 4% Feb Ewa 13Ya 20% 20% 20% 1,212 Sep 24% Jan Farnsvorth Nov Food 1 transit In vest mi United Corp United Gas Corp 6% common Improvement Westmoreland Inc 10 Coal 20 Westmoreland 21% 21 % 21% 35 __ 36 20 12 18 300 24 Mar 26% 37% July Jun Corp Plantation Co Machinery Foster & Linen General Motors General Paint & Radio 1 Corp Kleicer 10 2% com Service 2 common Corp common Corp 10 • common Gladding McBean & Co Week's Hale Last Range Shares Par Alleghany Ludlum Steel Columbia & Gas 4% 4% 4% 20 14"4 14% 15 % 120 Electric 11 7 58% 5 Fort 1 Brewing Harbison Lone Fuel Brewing United Plate Steel Vanadium May 24 Jun 29 8% 100 9 % 165 12% 300 192 17% 6% 6% 7 160 5% 12% 12% 13 4% 4% Dec 31 July 10 V4 27% Dec Nov 7 July & Honolulu Plantation Hudson Motor Inc Idaho Power Kaiser-Frazer Class 50 Jun 67 Apr 42% Feb 7% May 10% Nov 59% 55 59% 57 1 3 15c 1 3 8 109 8 45 5 July Frank & Feb 1,700 1% 10c 2 Jan Jan 29c 20 11 % May 7% 200 7% Dec • 36 400 34 35 485 27% 34' 12.50 36 23% 71 Week's North 17% Feb 16 33% Mar 27 Va Electric Motors common Low common Griesedieck-Western 1 • Oct 30 % fUn> & D common 10 « Class International Shoe Johnson-S & Shinkle Laclede Gas Laclede Steel _ McQuay-Norris common Missouri Portland Cement North American Rice-Stix' 1st common 56 3 preferred — St Louis Public Service class Sterling Investment A . Aluminum Stix-Baer & Fuller Wagner Electric common... ._ Fisheries 1.25 409 95c 660 39% Apr 53% 3% 681 footnotes see page Feb 1.35 Jan Dec Oct 20% Apr May 15% May 21% Oct 29 Jan 32 37% 14 13% 14% 5,465 27% 27% 133 23 24% 350 9% 12% 9'% 12% al2% al2?3 Nov 27 5% May Feb 18Va Oct 34% Jan 20% May 30 Jan 125 251 8% May 10% May 10% Apr 20 Feb 127 12% May 29% Sep 23% May 1.10 Nov 35 35 340 25 Va 25% 100 1.15 1.20 15% 15% 830 370 Nov 12% 17% Feb 40% Mar 27 % Oct 3% Jan 17 Nov Apr 9% May 1,025 9 11% 100 1,480 10 9% 10 78 72% 9 11 20 10 14 July Feb 14% Dec Jan 13 % Dec ' 9% 158 78 __ 12% 8 -- 25 1st preferred preferred 35 25 25 1st preferred 1st — 5 Range Since January 100 7 12% Pacific 1 Pacific High Jan 14% Lighting 35% — 25 Nov 1st Corp __ • common Jun 14 Feb 88 Mar 78 Dec 70% May 78% Feb 38 Oct May Dec 31% July 11 11 150 10 Mar 13 Jan 12% 12% 200 11 Feb 13 Jan 15% 15% 200 10% Jun 15% 51 % Oct 8 8 100 7% Jun 12% Jan 6% 6% 7-1 5% Nov 9% Feb 35 Jan 36 5,344 34% Jun 42% 35% 35% 31% 32 a29% a29% 1,£85 333 13 34% Nov 31% Nov 29 Nov 41% Mar 38% Feb 35% Apr 52 1 093 50% Dec 62% Feb 50 6% Oct 7% 370 26 % Jun 36 % Jan 18% 20 15 20 Feb 35 % 10 3512 Dec 39% Mar 31% 20 21% Apr 31% Nov ^"cet 34% 280 May 39% Feb Railway Pacific Western Oil Corp 32 May Co's Send Pulp Equip Realty 56% 58% 154 51% Jan 41 325 36 Nov 41 Dec Rayonier Incorp 34% 75 25 May 35 Nov Co 4% 12 4% ' 150 12 500 common 4V2 11 Sep 7% 16 Aug Jan Mar & . Foods Dec 129 a45% a45% 100 26 % Feb 57 Oct 79 Nov — Feb 15% July 28% Feb a77 175 65 May 54 rl 55% 54 rlfa 2,073 1,629 Dec % Nov 43 43 45% 1,789 7% 50 200 165 25% Feb 7 Dec 43 Dec 46% 7 43 .29% 30% __ 55% — " 7 46 a357/a 10 Safeway Stores Inc common Ban & Co 5 . 10 peso? Mauricio Mining-. Roebuck _1 • Inc capital 5 5V8 515 4% 7 Feb 30 30 "2 125 20% Oct 31 Jan a74% 63% July 1 Nov Nov 27% Jan 93 Jan 7 20% Oct 30% Nov Signal Oil & Gas Co class A Soundview Pulp Co - 75 23 Dec 30% Feb Southern California Edison 70 18 Mav 22% Feb Dec 33% Jan • 29% __ __ 18% ... 10c __ 616 18% May 31% Nov a35% a36% 62 35% Jan 38% 21% 16 22% 16% 526 329 19% Apr 14% May 25% Feb 17 July 18% 20% 18% 20% 750 250 10c 11c 65,600 a37% 21% July 26% July 20c Jan 40V\ July 33% July a38 272 15% May 20% May 9r May 30% May a307/8 a31% 120 25% May 121% 122% 31 % 32% 25 25% 180 1,122 84% Jan 27% Aug Feb Nov 22 % 23 19 17 % 139 19 Fine W 22% 17% '53% 90% 1 25 com Rheem 19 6% 493 14 65% Feb 41 23 __ 93 % 100 & preferred Sears, <: 90% - & Timber S 100 90 % • ' Rights Deo -- 24% Oct __ * Co 45 5 527 * common Phillips Petroleum Jan 30 12% 25% 10 37% — 140 25% * common Jan 32 % 14 25% 100 Service Pac Tel & Tel common 31% 50% 0 Public preferred 661 ZZZl5 10% 9 11 6 % 33 2 139 4 6% 203 33 19 19 14 14% 53% 70 55 30 \ 481 525 17V4 138 6V2 32 13% Jun 141 Sep Conv So 15 Union Oil Common—-.— cum * , 5 pfd._25 preferred Calif Gas Co prefererd ser A 25 25 __' — 31% — __ 28 34% 567 188 65 28 34 % '■ f .. 129 Oct 35 Oct 29% Jun Dec 23 Dec 34% Dec Co _• 42% 42% 42% 675 35 Nov 10% Spiegel Inc common 1 2 9% 22% 9% 22% 10% 149 34% Mar 300 29% Feb Spring Valley Co Ltd___. Jan •• 1.00 *'/59% 1.00 59% 1.00 18 20 % 20 % 32"% July; 40% Mar 17% Jun 9% Dec Jun May •. Jan 56% Nov Southern Pacific Sperry Corp ^nndard Oil Co of Cal— 10v Super Mold Corp 44. ,v /: 25 Sep 13% May 33 Juii Sheli __ 61 t-. T. -r—• Apr 1.705 1 Oct 51% Mar 100 18% Aug 180 •-* ■ For Feb 53% 727/8 __5 45 4% 14 — Nov 29 1.20 10 common 42 1 common 11% 52% __ Aggregates 45 50 11 5 Feb common common 25% 15 44 • Securities Apr May 28% Oct 25 — 17% 24 Co 34 Va 4 41 25 (Un) 405 195 25% 25 — 5 Can 34 34 -10 _ 19% 910 114 20 _ 18% Feb 103% Mai- Dec 9% July Plantation Sugar Coast 31 % -- -4 ._ Oct 79 28% American 35 % 3 12 common 20% 37% 30 common common 422 37 28 1 Landis Machine common 585 23 28% 28 common 90 11% 28% Manufacturing Co— Richfield Oil Corp common Johansen Shoe common 81% 37% 100 _. 79 22% * • Hyydraulic P Brick preferred- 28% 11% 10 Cons class Filters B Paauhau 6'# Low 14 7 22' 5 _ _ Jan 100 common Preferred Huttig S Feb 35% July 6r/c Brew (new). 34% Nov 17% A Oil American Utd 5%% High 14 1 iUn;__. May 100 100 Invest North July 39 May 10 1 preferred 18 % ueiieral May 26 Feb 43 22% May __ .• preferred Paraffine General Lines American 5% r,'c 5% Shares common . 19 540 for Week 3 - 1.15 1 common company Sales Range .1 15 common — 25 % 1 Pacific Gas & Elec Co common of Prices Par common al2% 10 10 Fibres Auto City Natomas Exchange Last Brewing 5 . Inc Co Mfg Co common- National Sep 13% Friday Clinton Industries 440 2.589 Jan Aug 7% 8ale Price Falstaff 23 1 Morrison Knudsen— 6 '/1 15c 13% n Mfg 19% 19% Dec 38' 160 STOCKS— Burkhart __ __ Menasco 32 % 13% — Sep 9% com Feb 29% 30 1 2% 103 1 _ Jan 6% July 65% 29 a31% a31% __ 7 Meier 230 0 Equip Feb 19% 296 Aircraft Corp Feb 3 * common 8 17% 200 Libby McNeill & Libby Jan 52 Si. Louis Stock Shoe Jan 3% Lockheed Pacific Building & Jan 62% 18% __ 0 Pacific Bank 4% 674 48% B Pacific Brown __ ... 368 3% 1 10% 1 _ __ * 16% 100 Inv common 79 __ 22Va Jan Mar 18% "A" Dec 9 Steel __ Aug 9% 92% 5% 18% common Bk National Westinghouse Air Brake Westinghouse Electrie Corp American Corp Utd Oliver Alloys __ 5% 58% 25 Va May 71 % May 200 53% Oct 5 95 6% 18% 20 Nov 120 common ... __ 6% 18% Co 4% 38% Spring a81V3a81% • 12% 3 1 Glass 1 420 5% __ Jin 3% 17% May 10 7% 6.66% common 666 * pfd Co Co Car Foods 1,325 38 Corp * 5 % 51 10 Bolt 1 Corp Magnavox Co Merchant Calculating Machine * Glass * Development Oil Jan 21% Jan Co Ltd Honolulu Langendorf Aug common Holly Pineapple __ 21 7% Oct 49-n Aug 2.30 Oct 59 23% May 27'8 1 States 10 2,173 21 Minins: Standard 225 59 26% Co Tov Feb 5 Pittsburgh Steel Foundry 5f> San July * Pittsburgh Screw Renner 7 20 20% Corp Feb May 4 20 % $3.50 preferred Pittsburgh High 13% May -10 Supply Hawaiian 48% Dec 5 Fireprooflng Pittsburgh 28% 12 8 52 29 • Mackintosh-Kemphill National 75 7% Aug 19% Apr Refractories Gas Mountain 29% 10 Walker Star 28% 1 Hunt • 10 Duquesne Brewing Pitt Low • Oil Devonian Range Since January High 2°% com Co Blaw-Knox Low * Arkansas Natural Gas Co 13 for Week of Prices * Inc 21 __ 17% 100 Stores Bros ^ • 47< preferred Greyhound Corp Sales Sale Price stocks— ... Golden State Co Ltd Common Pittsburgh Stock Exchange __ 20 Television Galland Friday Oct Oct part pfd__25 Tonopah Mining Feb Nov Bridge— participating cl Coppertaines Vultee 13 Dec Sys 2 % 21 8,357 2.50 ______ B Class «mn Oil Co Tacony-Palmyra 7% Jun Apr Jan 33% May Crown Class 600 18 % Philco Corp common Scott 400 100 9% Mining Co_________;_l Commonwealth Salt 3% 2.25 9 15% Boys $1 3% 2.25 • Light „ 7% 9 __ __ 50 Eureka Central 7% 5 Corp Caterpillar Tractor Co Columbia < <• common 50 Power & Pennsylvania Pep Co Cement Preferred Feb 12 , — 1 Pennsylvania 4% o&u 6% Jan 75 5% 7% class B Jan 480 5 % __ 1 10 % 9% 4% __ __ 1 ^ California Gimbel __ Jan Feb Calavefas ; Jan Feb _10 Anglo Calil National Bank— 20 Atlas Iihp Diesel Eaglhe—.—»——2V50 10 — 5 6'% Nov Alaska Juneau Gold Oct _• Battery Corp % Feb 2 ilu 16% Motors 100 174% Dec lo Storage 11 ■' Jun luJ/4 Electric i 'General 1 J High Low 1% • _13% Delaware Power Hi Light 50c Range Since January ; High 149% 2% new Low 1,271 com Coro Shares Par High May for Week of Prices 18,924 Publishing Co.— Curtis ' Saies Range dale Price STOCKS— 1 Bishop "S Chrysler Exchange Week's Last 1% 1 ,r'0 Locomotive Friday for Week IVs Rights Baldwin Sales Week's Range Low • Monday, December 8,1947 • 1 ' 47 Feb 24V4 Oct 15% ' Jan 1% Jun 82% July 32 M—■— Feb — * Volume 166 Number 4653 THE COMMERCIAL & FINANCIAL OTHER STOCK RANGE Week's Friday Water Associated Transamerica Corp Oil s, Union Oil Union Shares Air 01 eel o of Corp Oct 10,776 10 % May 15% Jan 18 Oct al5 al5 26 24 1,485 19% 19% 200 15% 17% 875 15% a73% a75% 389 62 3 75 24% _ 10 - 15% • Oil a 73% 10 37 — 1 Agricultural Co 8% 39% 8% 9 34% 297% 297 % 5 1'/ 1 i 74 100 11% "4 Corp Factors common 27 1 27 a3 a3 28 28 'U American Tel a Tel 8'/8 • 15 • Co 15V4 American Viscose 152% 152% 152% 12/16 Corp common American Woolen Co com 14 Anaconda 50 33 3% IS 33 5 3'/2 Co (111) Topeka Corp Santa Fe Co Inc Borden 100 10% 5 37% Jan Pwr com pfd '27 571 351 69 37 Canadian Pacific Railway Chesapeake & Ohio RR May 96% 25% July 7% Feb 14% 225 Dec 24% 7% May 30 175 28 283 £4% 4% 7,994 3% Feb 16 % May Fed 38 V4 Fen 101 Apr 14% Nov 5% Feb Aug 23 Feb Jun 40% Jun May 18% Oct 49 % 16 109% Sep 112% Feb 15c Dec 45c Jan 14% 42% Mav 54% Jan 26 39% Oct 200 240 9% May 43% 358 a34% a36% 61 11% Edison 11% 338 10% Apr 12% Oct 22% 22% 150 21% May 26 V8 Aug Co of N 2% » Y 2% 1,220 21 Va 21% 935 a50% a50% 6 21 % in -- i 8 tt Dominguez Oil Co » _ Electric Co General Food Goodrich F) common Gocdyear Tire & Rubber Graham-Paige Motors 19% Bancorporation * 32% 33% Apr 49% Oct 175 24 Va Jun 36% Feb 12 Feb a 43 % 26 a43% a45% 7 260 7% May 4 Va May 132 €30 6% 21% May 185 43% Sep 25 10% May 16 34% 1.087 32% Miv 10 a35% a35'/2 58% 60 a42% a43% 1 5% 5% 30 38 100 Jan 12% 17% & 39% Aug pph Dec Jun 60% 3% May 36 8 May Feb % Oot 44 RANGE M Y Central RR July FOR Power $1.50 & Paper * com preferred $2.50 -20 preferred Acadia-Atlantic . Agnew-Surpass Shoe * A _ new • Aluminium Ltd Aluminum Co Argus Can 4% pfd Pow & Oahu Sugar Oil Trac Pap class Ltd British American Columbia B .. Note 4% Co Co Forest Power __ 100 . Products- Pan Dry Motor 585 7 May 10% Feb a a I 19 % 19 14 May 22% Feb 15% May 21 % Jan 24 27% Oct 27 3 a 505 18% Ltd class Co Pictures Cons Dec 21% Sep 220 13 Jan 21 Nov 125 106 Jan 125 4 4% Mill 4% 1,447 4% Sep 8% 500 8% Dec 15 Feb 21% 21% 150 21% Dec Corp Jan 2 200 Dec 4% Jan 4 16% 1,210 15% Dec 26% Feb 22% 23 % 460 22 Va Dec 33% July 45% 45% 130 37% May 46% 9 6 Va May 10% 15 3 — 25 Co 30% 2 2 1 -50 33%o Dodge * Pure Oil Co common a 53% 9 50 129 54 24% 195 21% May * 24% 24% Radio Corp of America Radio-Keith-Orpheum * a9% aS% alO Va 1 9% Republic Steel Corp • common preferred Forgings Iron Northern class Safeway Ltd Steamship 4%% 10% Feb 1,185 Dec 15% Feb 436 23 May 30% Feb 141 40 Nov 120 14% May 19 25% Apr 36 Oct 4% Jun 6 Jan Reynolds Tobacco class B Riverside Santa Cement Cruz King Sinclair Co 10 class A Portland 50 Coalition Oil a 40 Va 40 % a40% a 18 0 15 25 Standard Corp common Brands Inc Standard Oil Co of Studebnker & N 25 Corp common Texas Title Company common Guaranty Co preferred Aircraft United Corp 14 247 27% Nov 34% July Feb 12 25 % Nov 35 Mar & Cable Co Ltd footnotes see cl B Wailuku a76 288 63% Mar 78% Aug 20 245 16% Mav 24% Feb 33% 33% 150 32 Jun 36 % Jan 58 — 5E'% 430 53% 19% a Sep 64% July 13 85 Nov 87 250 17 May a84% a84% 4 page 44. May 24 Va 22 % 22% 2% 2% 2% 20 13% 13% 13% 0 12% 12% 13% 1,189 12% Dec 51c 4,340 25c Jun 60c 5% 5% 4,810 Oct 18% 45c 5% 5 Delaware 1 Sugar Warner Bros Westates West Co Pictures Petroleum 1 common 1 Coast Life Western Air Union Insurance Lines ' 4% Jan 13% Dec 2% May 705 13% 10 1 Telegraph class A Willys-Overland Woolworth ENDING (F 4 3 a6 p6% 4 Dec Feb July 5% Nov May 14% Apr 6% Mav 8% Oc t 3% May 9% 59 140 192 Mar 820 25 Oct 27% 12 140 10 Jun 12 220 2 17% Jan 30 23% Jan a8% 50 7 May 13 Feb 62 44 May 52 % Jan 5 Bronze Car Week's & 5% preferred Foundry common for Week Shares Canadian 6% Celanese • common series 25 Canadian Class lnd 105 90 105 Dec Alcohol class A B 110 885 12 May 14% 16% 250 16% Sep 19% Jan 62 61% 63 56 Apr 67% Feb 37 36% 37 1,377 1 249 361 Dec 42 % Jan 40 Jan 46 Aug 29% Dec 32 % Jun % 44 % 215 29% 29 % 29 % 1.000 * 14 14 16% 4,995 11% May 14 16% 1,405 11% 44 17% 17% Oct Jan Canadian Pacific Railway 27 % 28 225 22% Apr 37 14 "2 14 % 25 14% Sep 18 13% 13% 13% 4,147 11% 11 % 165 5 95 94 Va 96 % 1.960 39% 40% 40% 185 4 10 10 10% 200 * Companies common 1 -- Oct Apr * Locomotive Oil Feb 13 % * Canadian May 13 16% 13 -- 4 common High ' Low High 105 25 Cottons preferred Oct Range Slnee January 1 Low 100 • Sales Range of Prices ale Price 20 % Jan Feb Mar Cockshutt 9% Sep 30% Juli a44% a45% a8% __ 25 MARKETS DECEMBER Nov Oct 12 a20% f.20% 1 10 common 64 25 a2734a28 % a20 % 12 Va Motors W) 14 a6% 14 5 Inc Westingbouse Electric Corp com $1.75 26% Feb 25 Plow Consolidated * Mining Smelting- & 2.00 Feb Davis Seagrams • 20 19% 21% 5,910 23 % Feb Dominion Bridge • 31% 31 31 % t)JO 25 18% 18 % 19% 1,195 11 % Mav 11 Nov 15% 14% Feb Feb 78% May 97 Nov 39% Oct 43 Feb 10 Oct 13% Mar Jan 30% 82 Nov 98 Feb Consumers Glass leather distillers Co 21 21 22 575 19 May 169 169 171 664 165 Oct 191 10% 11% 8^0 10% Dec 13 Feb Dominion 20 Coal 6,589 Dominion class Ltd Dairies B 14% May 21% Doc Feb 19% 19% Dec 23% Jan % 500 ID Dec 23 % £7 98 % 19% 19 98% 45 97 Dec 4 4 23 23 8 24 5'/o 4 VB 6,705 26 400 2% 75 3 % 25 2% 103 Aug 3% Feb | 20 Aug 28 Mav 32% Feb 16 Jan 20% 8% Sep 15 Oct 8% Sep 18% 275 2d % 1,110 74 26% 26% — 17 Red New 14 Sep Mar 37 Feb 19% Dec 26 % Jan Donohue 19 Jan Dryden 13% 103% Nov Electrolux Feb English 101 101 10 23% 25 23% 2,257 25 4 common..* common 11 Feb Nov 32 Jan 42 Jan 525 34% Dec 35 -- 27 35 350 35 Nov 18% 6,431 12 % May 19% Nov u 155 21% May 27 % Nov 27 27 1,450 22 H 26 35% 26 3 25% Nov 38% May 108 30% May 12% Feb 166 92 % 375 22 Nov 26 108 108''2 820 92 Jan 114 Nov 19 % 3.665 12 Nov 13 Nov 166 166 150 166 Dec 185 Jun 105 22 4 100 Aug 17% 34 1 17% 23% old 8% 28 106 100% Nov 106% May 12 Nov 12% Jul 23 B preferred Jan 25 370 64 672 Jan 125 245 10 28 common Jun 100 14% class Chemical Textile 23% 395 42% & Tar 10 28 20 Coal & prefererd 31%' 18 23 % 23 Dominion Dominion Dec 12% 41 Steel May 12 14 41 preferred 27% 18 12% Jan r l'/< 18% 1 29 1' 10 28 * _ Dominion Stores Ltd Jun 25 2 common Dominion 100 8% Glass Feb Jan 8 % 8% Dominion 4% 29 Va 24 , 4 35 common preferred Apr 18 2s preferred Nov 13 __ 6% 30 % May 0 • 17 Vf Canadian 6% May Mar 545 25 Corp of May 16% 27% a74% a 25 United 16% July 15% 4 a23% a23% a74% 1 Co 14 Nov 772 15% * J 25 40% Aug 16 % 16% 60 Ltd a4 a Dec • Breweries 9% 27 3 • Socony-Vacuum Oil Ed 30% 4 a4 15 % Cal 20 30% 30% 5 18 May 10 —50 _ 7% May 275 60c -3 pfd—_ -100 July 10 % 26 18% _» common preferred Wire — Corp 28 % 26% 810 • common... Power Nov Mar 9 % 500 <1 A Foundries Nov 58 Oct 26% 210 100 _ 2 a52% a53% 20 Inc Oct Feb 7% 4% 8% 1 common Mines Pepsi Cola Co Phelps 18% 21 125 2.50 Pennsylvania RR Co Pullman 225 20 121 common Park Utah 19 % 20 121 18% 70: • a A Apr 10 27% < Co Feb 32% Dec 1P5 300 26 % — 17% 150 17% 18% 85 % • Docks Canada For Feb 8%i 18% 10 Airways Paramount Feb Jan 5 _ Cement common— Canadian 22 100 Corp common r American Jun 23% Mar Dec 28 Dredging Canada Canada Mav 26 * Mills Canada Canada 12 * 4 common Portland Cement common 22 Oct 8% Corp class A_4 — Feb Oct 905 1,032 17% al8% 20 Finance 43% July 19% Feb 19 Products Gold Canada Ltd Canadian — $1.30 100 Preferred 36 22% Co pfd. 19% 23% 17% May 20% 85 . * Feb 64 12% 60c _ Elec Columbia Canada May 16% 26 0 _ Bank Columbia Burrard 14 a 85 • A Light & Power., British Silk 85 15% Dec 8% Jun 12% 10 common Railway Pacific 21% 175 420 Apr 6 % 8% Pacific 14 % May 17 % May 6,495 7% 38% July 23c Feb May 15c 20% High 8% 7% 50 a Class A 12 • 300 12% Co Pacific oaiiadlan Range Since January 1 57% 214 215 % 10 a51 % a54 Va a51 Va Par 25 100 Mines Building 25 8% a COc Brazilian Brurk 125 Dec Sep 1,450 81 capital American Canadian 52 215 ■ Bralorne Bulalo 38 19% 16% 33 50 22c Last 8% 54 % 100 Telephone Class 3,295 19% — Warrants British 21% 37% 4 Corp Ltd common preferred British 20% 25 _ Corp Asbestos Corp Bel' 4 __ 2.356 49% Feb 26% Feb 18c Friday LOW 18% 19% • of Electric 4%% Bathurst 20 3 • STOCKS— High 17% *> common. AJgoma Steel common Amalgamated 17 % 20 . . Sugar Shares Low 25% Feb May 37 a33% a33% Aviation LISTED WEEK for Week of Prices Sale Price lie pfd —10 Sales Range Par Abitibl 8% Cement American Exchange Week's Last STOCKS— Inc Cons Portland Canadian Funds Friday Dec Fob Aug CANADIAN Montreal Stock 16% a33 % 1 Robbins & M Western 43 525 25 Jun 19% 1,399 • 18 Navigation Co & J Preferred % CO Nov 50% 108 5% a37% a37Va a Nov 47% July all % 34% • Feb 28 all % ... a — 5 25% — common common 9 43% 23 Feb 9 44% Oct 49% 320 Swift 12% 5 * Co c5ep May • Corp (B Feb 49 38% 25% 5 General 291/4 Jun 65 -- f Co Jan Nov 44% 375 9 1 . 3% 21 8% a23% a24% 3 Curtiss-Wright Corp 2% May a47% a47% 5 Kodak 4o '/4 Feb Sep 41 50 •xi> Silver Jan * • a40% a40 % • Feb 15c -- 233 19% Pioneer Apr 10% O Jan 17% 275 11% Copper Corp Jan Oct 43'/a a34% 36% 26 % 11% ' Oct 10% 10% 25 —10 15% 4% May 14 Dec 9% May 26% * 45 Packard Mav 99 15c 25 Cities Service Co commor. Jun 23 10 410 110 Feb 26% • Co Tel 19% Northern Oct 110 3% • Feb 80 Dec July a__ 2.80 63 2.15 Canada Co & North Oct a_- 280 1,775 * N Feb 17% 2.60 National Distillers Prod Feb 3% a22 a22 % 110 Nov 2 50"% 17% 100 71 174% Dec 41% a42% a43 Va Jan 2.15 2.30 1 Inc Ohio 3% California Pacific Trading Corp com—0 Consolidated Tel North 31% May 5 Jan 4% Corp Nickel Feb Mav % 30 2% 8% Apr Nash-Kelvinator Corp Feb 384 11 Feb 3 Montgomery Ward & Co Feb 17 53% May 350 5 100 315 Alatson Feb 1,120 10% 3% 5% 35 16% Dec 11% May 97 1 Sullivan May T1/1 14 30 6% Mines Mary McKesson Oct 33 15 & 3 29% 3 "2 15'/2 125 4 Marine 13% Aug 28% May 5 7V2 Loew's Jan 23% Dec 151;) 40 7% 3% 19 Va May Feb 330 Apr 27 841/2 • Co Hill Eastman Idaho 11%- Jan Jun 200 14% 141/2 capital 43 4% common Airplane Ore 42 % Aug 9 79 a22 a23 '/a a22 13 Steel Bunker Cal Jan 26% May 2,177 1 % Johns-Manville Corp 13% 3 Corp Aviation Eoeing Nov 84'/2 5 Baltimore & Ohio RR common & 14 100 Locomotive Bethlehem 43 5 & Manufacturing Elair International 25,734 a55% a55% • Copper Mining Mining Co Atchison Bendix International Oct 282% May 17% Nov 540 a55'/a a70% 100 12/16 Baldwin Apr 78% 310 Rights Avco 28 Va 8 100 7% American Radiator & Std San American Sfnelting & Relining Atlas Dec May 42 20 ■—* 40 900 1 Apr 27% 385 Nov 4% Sep 30 30 3% July Monolith * High LOW 30 20 Co 23% 300 A 11% -- Range Slnee Jeaaarr 1 High. 3% Co Sugar Aug Securities— American Oil 24 % M American Power & Light & Holly Apr 18% 70 buc Co common Allegliany Armour Jun Low * class A 20 582 34% 20 100 Air Reduction Co Argonaut 14% Shares * Hobbs Battery Co Class B Kennecint Fargo Bank & U T Western Department Stores Unlisted 25% 14% 23% common— Consolidated Cab 18 Va May 13 Va al5 for Week of Prices Par High Hcnokaa Wells Yellow Low 360 23% Victor Equipment Co Waialua High 22% 5 12 V2 Sales Range Sale Price STOCKS— 22 13% Week'a Last Range Since January l 25 Calif Lines Corp Universal Low __ 2 Sugar United b Co 5 for Week 10 Transcontinental & Western Air DECEMBER Friday Range of Prices Par Tide EXCHANGES ENDING Sales Last Sale Price STOCKS— WEEK FOR 3» (2343) CHRONICLE / 8% July 100 Oct 13 Honnacona Paper 4%' Pros Pfd. Corp 17% Nov 50 19 Apr 25% Nov Famous Sep 27 Feb Foundation 100 20 Feb 375 17 Jan 33 5 16% 125 15% May May 21 29 a Nov 18% Nov 11 11 11% 225 7 Jun 11% Dec 19% Products 19% 19% 50 18 Oct 20% Apr 17% 17% 18% 450 25 25 45 Mar 22% 20 29 16% 29 Enamel & Heating Aug 40 20 Ltd Paper 40% .100 Electric Players Co class A Canada of Corp. Canada 16% 23 Aug July 19% Feb 26 Jan * 40 (2344) THE COMMERCIAL & CANADIAN RANGE Friday Week's 5% Power preferred 5 % % General Shares Ltd Tire pfd inc 1927 Hamilton Howard Bridge Smith $2.00 Hudson Bay Mining & Smelting Bronze 6% Dec 8% Jun 25% 300 25'A Nov 25% Nov 7% 340 40% Apr 33% 34 538 101 102 110 101 Dec 106 Feb 32 32 25 20 Jun 32 Dec Jan 12 12 Dec 26 26% 26% 175 26 Nov 38% Jan 32% 32 33% 1,910 32 Sep 37% Feb 41 May 15 581 13 450 12 58 61 13,040 63% 12% 12% 1,328 12% Sep 16% Ltd 42 50 125 39 Sep 57 Oct 12% 12% 13% 835 10 May 13% Feb • 14 13 % 14 440 132 132 20 24% 24% 100 com __ • __ • 32 A) * Ltd pfd class A 32 Nov 36 Jan 170 Dec 175 Mar 19% 10 17 100 151/4 40 120 5 10 71/4 7i/2 14% Sep 16% Feb 110 Jun 120 10 Nov Oct 7% 83 6 Jan 85 __ 85 7 80 Jan 17 16% 17 1,435 12% 12% 760 16 16 16 » 38 38 38 Locomotive Works 21Va 13 Nov 209 13'A Jun 20 34% Jan St Shawinigan & 7% Viau Wabasso May 18 Oct common common Sec 30 12% 100 18% 455 Jan 19% Feb Jan 99 Dec 27 50 25 260 12 102 102 110 35 • 16% — * 18 48 __ 50 312 1,033 Jan 44 % Goodyear Great Co Corp International 27 Dec Sep 17 Jan Jun 104 Feb 9V4 May 19Va Oct 3OV2 May 50 Va Oct 35 Jan 140 • 21% 21% 22 2,479 48 48 48 % 28 July 25% Jan 605 48 Nov 50% Sep 28 58 25 Jun 30% Mar 155 Dec 155 155 211 15% 860 12 Va Apr 16% 15 750 12 % Mar 15% Nov 175 Apr 24 24% 250 21% Nov 100% 101 20 100 Va Dec 18 18% 110 16% Oct 20% 16 Mar 18% Sep Sep 97/a Worts Loblaw of Mar 18 18% 420 71/4 71/2 4,485 771/2 73 310 75 Oct 82 May __ 80 80 10 78 Oct 89 Jan 8% 8% 30 8% 8% 305 21 commbn 7'A 8 May 7% May Feb Feb 21 21 1 20 Jan 21 80 105 72 Apr 81 Feb 25% 25% 26% 2,580 27 27 60 101 101 101 30 21% May 26'/a 101 Sep Nov • 20 19% 20'A 922 13 96 96 96% 107 96% * 35 35 35 50 Jan 28% Oct 35 Oct 5% July 7 7 75 6% Feb 7% A.." 35c 35c 12 16 16 10 21% 21% 21% 170 Commerce 19 % 10 23% 23'A 23% 235 15'/a 65c Jun Ltd.* 21 21 21 250 15% 19 18% 21 17,846 14 Va May com.-* 11% 12 185 8% Jan 17% 17% 210 70c 90c 17 Jan • 70c 900 17 21 21% Nov Nov July Feb Oct 65c 18% 2% Apr • 30 30 25 Nov 8 243 22'A Aug 4'A Mar 32 7% 8 Nov 42 42 80 35 48 Jan Co—* 39 39 25 36% Apr Apr 42 42 Aug 42 Va May 125 36 * 12% 12% 12% 126 11% May 15 24'A 24'A 25 'A 6,175 14% May 27 Nov 160 8 V2 May 12 Jan 21% Jan 42 July 2 Sep 49 50 200 49 Oct 61 Jan 5 5 100 5 Dec 8 Feb Shops ___1 A 49 * 100 t* 100 3 % class A 100 25 3% 3% 18,730 2 a 394 20 Jan 57 2,030 42 May of Can 100 22 53 V2 53 * 22 7 96% Sep 100 100 65 18% 18% 19 % 2,170 45 45 45 25 44'A 17'A 17'A 17% 25 16 14% 15 75 9% 8% 9'A 40 10 315 7% 15 15 75 13 '/a 10% 10% 10% 300 9Vb * 31 31 31 25 * Ltd cl 12% 12% 12% 295 40% 40% 85 A..* 8'A Co class A • Ontario 6% 58% Nov 113 May 13% May 21'A Sep 22 Feb Sep 23% Nov 47% Jun 19% pfd Ltd Oct Jun Oct 13 Jan Oct 16 Jan 12% 28'A July 11 Jun 31 Nuclear Enterprises Orange Crush Ltd 40 Jan 46 Jun 14 14 40 11 May 14% Feb 27 27 80 27 Dec 31% 98% 98% 50 98% Dec 13 13 162 12 Aug 10 13 5 23 * 23 23% 900 19 19 200 73'A 73 'A 80 16'A 10% 17 450 10% 10% 116 104 14% 15% May 13'A 24% Power C.orp Oct Jan 19 Dec 65'A May 76 Nov 10% 17 Anr Jan 9 % May 10% 14 14 14% 425 11 Oct 14% May Dec 13% 13 % 120 19'A 17 20% 2,075 109 % 109% 110 50 6% 56 56 16 55 Jan 60 10 11% 11% 11% 25 11% Nov 14% May red pfd—100 26 25% 26% 351 • 6 6 6'A 375 4 18 18 25 18 Oct cum N C part 2nd pfd Purity Flour Mills Co 13% 50 common Quebec Pulp & Paper 7% Service Rands Stores 5% Ltd preferred 20 Reliance Grain Co Ltd Russell Industries 13 Oct 14 % Aug 107% 22 19 Jan 21% Jan 112% Apr Jan 30 May Aor 9% 18% Bridge 75 12 Oct 21 Feb 14% 14% 25 12% May 15 July 10% 10% 30 10 10 1 10 Dec .100 118 117% 118 50 116 Apr 38c 38c 40c 16,129 .— Gas Pr 6% Co pfd. Ltd Windsor Hotel 24c Jan 9 11% Mar 13% 123 May 43c Nov Jan May 9% 9% 100 _* 19% 22% 600 14 July 25 Jan 29 'A 30 100 23 May 30% Nov 1.00 1.00 100 2'/a Jan 10 10 10 1.00 May 10 Nov 14 % Jan 1.00 1.00 * Ltd Ltd Co Jan * Ltd Canada Ltd Grain 10 * Canada Distillers of United Westeel Products Nov 18 14% Ltd Co Canada Jan Aug 18 Sangamo Co Ltd Sarnia Jan • Ltd Ltd * 27% 27% 28 965 25% 28 % Nov 38% 38% 115 34 July 39 Jan Akaitcho Yellowknife Gold 10 24% 24% 25 1,667 22 Apr 25 Jan Alger BONDS— 9% 10 10% Jan Mining Stocks— Gold Aubelle Jan 50 Jan • • of Can 6% 38% $9,000 Feb Jan 1st pfd__100 Paul Service Stores Ltd 10 50 Feb 14'A July pfd.20 * Ltd 10 50 Jan May <3" Montreal — Feb 15 11 Nov Apr Oct 19% 100 Paper Co Royal Rice Mills Feb Nov • cv pfd 4% Feb 25 10% Aug 8 Va Dec 1 (Can) 4% Nov 15 * com class A 123 Nov 10 Ltd • • Co 3% May May 22 Refrig & Storage Ltd com..* Corporation Ltd • Mount Royal Hotel Co Ltd • of Feb Dec Jan. 20 Montreal Union Oct May 38 Nov 12 * Ltd Moore Invest 101 Feb 21% 50 Distilleries Ltd Southmont Nov Oct Feb 25 Royal 1949 Jan 2 Va Nora Scotia notes 14 35c 10% OiJ Jun May 35 Canadienne 3% Jan 64 Co Western Power 10 Apr Inc Southern Banks— Montreal Aug May 20% Paints Nov 105% Feb 3% July 30 ' 100 5% preferred Zellers Limited common 15% 10 Feb 10 Rubber & McColl-Frontenac* Reitman's 8% • 100 47 2Va Power & Paper Maple Leaf Milling Co Ltd Massey-Harris Co Ltd 6%% Mount Nov 7 1 Groceterias & 3% Aug 49 Lowney Co. Ltd (Walter M) Oct is Apr Oct 20% Canada (Alfred) Melchers 2% Feb 18 29% Mar 105 7% * common preferred 36% 155 5 Nov 14% 77% • 13% Publishing Co of Ottawa Ltd.51 Minnesota Oct Jan Mar • Oct 21% 151% * 3% Mar 106 Dec • 135 • W) Lambert 31 25 26 175 a class Insurance Ltd Journal 116 • 58 150 50 Prod * common 30 150 20 Paper Dec Feb Feb Feb Ltd (Frank 101 3% 14 30% Dec preferred Halifax 103'A 1.75 May 10% July 24% 30 150 • Horner • common 45 100 Sep Jan 240 Limited Papei Feb 20 24 13 24% 2% May 5 preferred Jan 880 * 228 13 24% 1.75 Feb 62 Worsteds... Candy Tire A Jan 31 100 100 21% 4% 110 9% Mfg Co Products Lakes Class 17 137 __ 2% 2% 13 Nov 103 31 __ 2% 2% 24% Companies 20% Dec 132 • Jun 62 Linoleum Oct 70 133 _ May 100 • Nov 15% 50 com 3 250 • & Ltd Co Motor Jun 18 13% 103'A 103% 875 9'A CO Ltd Aircraft Aug 12% 13% __ 3% 4% 6%% cum red pfd Fleet Mfg 61 Aircraft Fraser 33 26 % __ 3% 105% 105'% Dec 7-1 10V4 May 50% May 12% Feb Corp Paper Federal Grain Nov Nov 34 99% 69 * & Square Fanny Farmer 23 Jan 290 99 Nov 20 Woollens Donnacona 21% 62 % 315 2,023 61 • class Oilcloth Ford 100 pfd Power Electric Stand Dominion Sep 27 Va July 13% 69 20 5 Hcndershot 13% 50 Power & Jan 16 43% is _100 common (Geo) Winnipeg 16 135 13% 12% * Walker Gooderham 4%% 50 23 66% 61% * common MacLaren pfd Cotton Weston 21 __ Steel Biscuit 29 190 42% __ City United Oct Dec 23 * preferred Twin 26 Va 20% 66% 61% pfd—100 Advert ; Jan • Co Canada Ltd Nov 13% Aug 2 Engineering Works 53 75 Feb 190 * Lumber Co B 26% • Canada of Class 26% 100 25 Dec Corp Ltd Sep * common Press Co Aircraft Steel 100 preferred Standard Chemical Steel Cub Mills 100 Jan 175 David & Frere Limitee class A Fairchilri 64 21 6 100 preferred Eastern • Simon (H) & Sons common Simpsons 4% 'A preferred Southern 5% Esmond • trust Southam Consolidated May 32% 935 175 . • A Corp Ltd Textile Mills Ltd May 166 Feb 23% 175 common Lithograph 48 18% 22% 22% Papei 50 100 Water class consolidated Apr 64 16% * i Nov 18 "A Sep * Ltd Div 44 32% 14 1 Preferred 315 __ Breweries Voting Consolidated 45 __ 270 • preferred 45 Sherwin Williams of Canada common.* 7% preferred __ioo Sicks 8% 45 __ 14% • Ltd Trust General May * Jan 14% • Wines Neon 42 — 15'A Ltd Co Commercial Alcohols Ltd 490 5 Dec 100 Claude 46% 145 12% common.—. Chateau-Gai 46% 27 100 Jan 46% 166 Nov 13 Nov Dominion 166 17% 12% 13% Feb 26% Jan Nov Jan __ Jan 12 V8 13 Jan 26% 112% 200 1,050 22% Feb 23% May Dec Jun 16% 13% 40 21% 19 % 109 16% 13% Dominion Feb 19% * 24 • 16% * Ltd common Sep • Series A 4% 447 111% 0 * Products Steel Jan * Mills 595 19% 100 pfd B Chatco 14% • Lawrence Paper 6% 19% 111% 111% 0 class 15 % 21 • St Lawrence Flour Jun Mar 31 * Corporation preferred 102'A 12 50 1 A Dec 100 38 286 100 Lawrence 10 50 237 Aug Class 100 75 23 July St Sep 100 23,000 33 23 preferred 16' 15 16% 42 Saguenay Power 4%'/ Jan 3 % 23 428 Knitting common Paper common 9% 40 % 33 48 "A Quebec Power 40 lo 16% 46% preferred Provincial Transport 14 3 % 23 46% 4% 14 40 % 14 Dec • Power Corp of Canada Price Bros & Co Ltd common Dec 1 * 41% May Powell River Co 19 1 12% Mar Placer Development Jan Canadian Westinghouse Co Cassidy's Limited common 39 Noranda Mines Ltd com 12% Company Canadian Western 110 325 new 3 preferred 234 25 Rwys PagerHersey Tubes Penmans Ltd common 19 Paper Inv com Vickers 13 25 4%% Silk Canadian 40 25 Electric Dec 19 preferred!" Canadian 39 * Regent Marconi 12 % Niagara Wire Weaving Products 27 100 Power & 40 Va July 930 Steel Dec preferred—100 Invest Canadian • common 27 Rand Canadian Feb 155 22% Mills 3 preferred Feb Dec 22% Rolland Inter Dec July 14% May 22% Flour 27 — Canadian 39 • preferred NOV 27 Sugar Invest Ingersol 12% Corp 113 Ltd Canadian 25 Car May Power 7% Industries * common 67 Dominion 100 Co Steel Ottawa 7 % 85 Nov 1,070 Ltd 4%% preferred * Tramways Co Co Gen 25 common Breweries Ontario Dec Nov 12% * 7% Bread Canadian Feb 7% Dec 7 108 Jan 6'A • preferred Ogilvle Hosiery Vinegars T'/o 94 0 Canada 7% High May 2% May 105 ; Packers Ltd Feb 21 9% 12% Ltd 21% Dec 1,100 * com Apr 17 1,375 • new 19 % 7% __ 100 Oil 106 43 " A class Consolidated 10 7% * com 26% Mar 80 120 * Steel Oct 130 151/4 — 100 Co Mar 32 19% __ • Structural 23% May 14% 139 170 17 100 Jan Dec 32 19% • 6%% 11% 132 170 __ 19,238 Canada Feb 50 * 6% Canada Northern Nov 12% Ltd 5% Butterfly 5% Low 1,020 5% Canada Range 81nce January 1 High 94 Class B Jan 26% Low 89 & Oct * Shares 89 Preferred Burns 5% 40% • Corp (John Export 30% 5 Co biown Apr 34 for Week Pulp & Paper com__* company common ——1 Canadian 102 100 Columbia Feb 45 Va 25% 3 Paint National % 25% A common Cottons National Oct Feb 15% July Preferred Montreal Feb 15% (Robert) Murphy 9'A 32 53 Va Jan 100 Breweries Montreal Nov 6'A May Jan (John) McColl-Frontenac Montreal July 49 13 % Massey-Harris Molson 24 195 12% preferred Mitchell 1,075 100 B 1st 222 31 49% 44 Sales Range of Prices Par British Canada & Dominion 7% 30 1,653 Secord 5% Jan 7% __ 100 Woods MacKinnon 16 % 2,726 Canada Service Lang & Sons Ltd Class May 13 6% preferred MacMillan 535 13% preferred (C W) 15% * Utilities Public Bros Jan 14% common International Lindsay Feb 55 % 25 Paper Lewis 108% Oct 6% Power Laura Nov 52'/a 13% common of Petroleum the 104% 25 13% common International of 110 52Va 49% __ Week's Sale Price STOCKS— Jan 14 class International 7% Sep 18% 100 Corp International Lake 14 % Jan common_5 Canada 6% preferred International Nickel Labatt Limited 220 5'/a 25 Intercolonial Coal 7% 16 % 3% May 15 »A 30 £1 Accep Jamaica 775 43 preferred International 4 14 preferred 5% Jan 43 preferred Industrial Feb 110 * Imperial Tobacco of 4c/o 109 10 * Imperial Oil Ltd 6% 80 52% 7% 50 111% May 111% May 110 104 % 104 % 15'A • common 20'A July 110 16 __ • Paper preferred Apr 17 4 __ • 270 110 16 50 Gypsum Lime & Alabastine 19%' __ 100 4% 5 Last Range Since January 1 LOW High 109 Va __ • common preferred Goodyear 109 Va High 19% 19% * Wares Steel Low 100 Bakeries ueneral 5% 100 preferred MARKETS DECEMBER for Week » com ENDING "Monday, December 8, 1947 Friday Range of Prices Par Gatineau LISTED WEEK FOR CHRONICLE Sales Last gale Price STOCKS—- FINANCIAL 50 Va Mines Ltd.l 1 Ltd Mines Mines Feb Band-Ore Base Gold Metals Beaulieu Montreal Curb Market Bob's Ltd Mines Mining Corp Gold Beatrice Red Lake 1 Ltd Mines Yellowknife Mines Lake Mines Gold Bouscadillac Gold 14c Ltd Ltd Mines Ltd 14c 15c 1 Ltd. 22c 18c 14c 8%c 1.00 July 12c 1.49 Oct 5,000 22c 46,000 11 Vac 500 9'Ac 31 %c Sep 5c Jun 10 %c 10 Vac 0 Ltd—1 100 2,000 15c 9c 1,500 12 %c Jun 30c Nov 44c Jan Feb Jan Jan 22 %c May 17 %c Oct 1 31 %c 31 %c 40c 29,800 1 22c 22c 28c 18,000 5c Sep 70c Oct 4c 4c 100 4c Dec 11c Jan 6,800 54c Nov 1 27%c Jun 89c Sep Canadian Funds Friday Week's Range Shares Acme Atlas Glove Steels Works Ltd * Limited Low __ 9% 93/4 100 12% 12% 1,315 » 12 * 5% 5% 5% 50 Ltd A • 1.00 1.05 3,425 of 5 15% 15% 1 22% 23 810 Brewers & Dist Vancouver Ltd British American Oil British Packers Columbia Glass B For footnotes Ltd Co Ltd page __ 44. A__* 13% 13% 13% 98 * i. see • cl Range Since January Low Brand Millen 40c Nov 500 4c July 8c 12c 13c 6,500 10c Oct 44c 22c 20c 22c 35,900 14%C Oct 60c Feb Nov 25c. Jan May 39C Jan Jan 25% Nov 6 6 6% 21 Gold * Mines Cartier-Malartic Gold Mines Ltd High Auto Fabrics Products class B & 45c 4%c 12c Consol Central Cadillac Gold Mines—1 far Week of Prices Par 40c 4%c —1 Candego Sales Last Sale Price STOCKS— 8 Century Mining Corp Ltd 1 High Jan 11% Mar 9% Aug Nov Oct Cortez Exploration* l td 1 11c 11c 4,500 10c Cournor Mining Co 1 22c 22c 500 19c 21% 21% 21% 550 1.00 1.00 1.08 72c 75c 3.30 3.55 2,000 Sen Feb 13% Mar 5% 1.00 40c 1 7 Mar Dome Jun 15% Apr 17 Feb Duquesne 22 Oct 27 Jan East 13% May 5% Sep * Ltd Mines Donalda Mines 3.00 Ltd Ltd Mines Sullivan . Ltd Co Mines Ltd 1 1 1—1 3.35 18% 2,500 74c A Up 1.60 2,500 72c Dec 1.25 Feb 4.65 Jan 2.74 May Jan * 16 8% Feb Feb Eldona El Sol Gold Mines Ltd Gold Mines Ltd 1 1 1.05 1.05 1.18 6,700 28c juiv 28c 30c 4,000 25c Feb 2.60 Aug 56e Sep Volume 166 Number 4653 THE COMMERCIAL CANADIAN RANGE FOR Friday Week's Range Mines Ltd undo Mines Ltd Lake Gold— Shares Found Goldbsam Mines Mines Minos Mines 12,b'00 5c 1,300 1 _L1 9%c JacK jL-ttse Gold Mines 29c 32 28c 28c 11-A 12 % 5 11% Pato Coils Gold Gold Stadacona Co Sullivan Ihurbois Vinray 2,500 1,548 25c July 9.50 May 10c May 2c 95c Feb 14 Nov 28c Feb May 13c 90c Jan 7.00 7.15 810 17c 16 %c 17c 2,500 14%c Oct 14c 14c 14c 210 13 A Jan 1 loc Luigary Nov 4.80 Jan Oct 1.20 550 12,000 1 5.20 5.20 100 9c 9c 1.35 May 1.82 May 4,000 • 50c 50c Ltd__l 54c 14c 50,100 16c 9c 1,000 12 %c 14 %c 30,500 1 12 %c 2.95 9c 2.95 3.05 1,159 Feb May 50c 1,D00 11c * May 4.90 9,500 9c 11c 7c Nov 1.80 Nov 25c Mar Jun 9c Jan 25c Aug 34 %c Feb Canada 5.35 Feb Nov 12c 15c 5,000 7c Sep 19c Jan 70c 4,967 50c May 85c Nov Canadian 3,500 9%c Nov 20c Mar ,u May 6,500 1,000 2.10 Dec 3.85 300 3.30 Jan 19c 19c 500 _« Ltd . „ g'Ac 8c 9%c 15.500 l 4<4c 4 %c 4% c 2,500 1 _, 10c 10c Conv 1,500 . 2.80 Feb 4.15 Jun Dec 41'Ac 5c Aug 20c July 14c Feb Dec 10c July LUllSUl llUlllcabCau Corp uu Ventures Home Co wu Ltd 4 2.C5 • 13c ulu Ltd 1 Ltd • Ro.valite Oil Co Ltd 2.65 19 L» " 2.65 13 * Lines ^ 14'Ac Jan 700 1.90 May 2.65 July C 24,325 11c Dec ll,42o 40c May 1.65 Class I' 16% STOCKS— ritlaj Jan 4.75 1,100 li5 2.94 14 V2 Jan 61c 20% Jun & Paper commonj Acadia-Atlantic 20 preferred 18'A 677 14% May 21% 3,295 17% May 36 >/4 July 33% 110 100% 10 1.00 1.00 100 aOc Aug 13c 15 Vic 38,400 10c Oct 1 13 Vic • 4% LarrtAr pfd 54 • common Canada 215 100 Mines Nepheline 1 i.__ 52 214 4 • l Resources 40c Machine industrial class Alcohol A com B 25 % 57% 215 Canadian 1 5,963 21 Jan 115 188 Mar Gold class Mining Oil common 555 25 Oct Nov Nov 97c Jan 9.65 85c 6,100 6 %c 7c 2,500 6ViC Jan 14c 32c 32c 1,500 32c Dec 70c Feb 7% 7% 100 85 38% 55 14c 3,000 43c 8,500 13 13 150 15c 18 Vic 70,400 14c 11,900 IOC 10 %c 3,500 Fabrics class Nova of Sons , 23 8c 10c Pacific Tire Railway Columbia Columbia Dominion 4 1 A—4 A footnotes May Nov Aug May 3.90 May llVt 6,200 18,499 44. Feb May 15 '/a Jan 16'A 50 16 Jun 20 Feb 92'% 70 91 Nov 100 Jan 14'% 25 14'% Dec 10 Vic 21 21 22 360 l 48c 46c 47c 14,250 Dec 85c 11 % May 17% 125 11'A May 16% Oct 26 26 28 225 22'A 37'% Jan 6,000 1.25 Nov Aug 39% 85c 88c 14% 125 13 Sep 100 100 110 98'A Nov 106 Feb 96'% 96'% 25 96'% Dec 99 May 12 13% 2,919 28'% 28'% 10 102 102% 70 60%c May 100 13% __ 102 39 % 2.85 2.95 8,600 1.23 __ 1.23 1,500 Feb 15% Feb Sep 29 Nov May 105 2.00 May 1.10 May 9,235 40c 34,900 13c 4,000 15c 1.23 16c 16c 17'Ac 9 9 100 7 1 45c 43c 45c 2,400 30c May 1 9c 8c 9c 10,500 8c Dec 1 3.00 2.95 3.00 515 36c 4,000 Mines - unesteyville Mines Oct 3.05 Nov 1.45 Mar Oct July Aug Sep » Research Cheskirk rhimo Gold Mines 1 4 Bar New Knitting class A 33c. __ 1.10 2.20 Jan 50c Nov 30c Sep " 11% Jan 79 %c Jan 33c 4 1.10 Maiartic 1 2.60 May Jan 21c Aug 75c Jan 4.30 61c Jan Jan 10'A 1.10 250 20 20 50 20 Dec 20 Dec 10'A 4 common Coastal , Oils 4 Willans Kt.nenour Gold 1 Cochrane Dunlop class A Cockshutt Plow 10'A 25 10 VA Dec 10'A Dec 14 %c 4%c __ 5c 4,000 4'Ac Nov 14c 1,000 13c Feb 2.65 5,025 2.20 Apr 14c 14c 50c Feb Jun 2.55 2.50 2.10 May 14'% 130 14'A Dec 15% Mar 11% 100 11 Sep 15 Feb 30c 31c 3,000 30c May 51c Feb 7c 8c 138,500 7c Nov 35c Jan 6 1 Coniaurum Mines 4 Bakeries __ 7'Ac 6 Mines 2 1 20c 30c Homestead • 13%c Consolidated Mining 2.00 Sep 1.20 1,300 1.10 May 1.56 Jan 18 350 94c 43,150 65c Jan 20c 23c 1,500 18c Oct 11'Ac Dee 16% Oct 27c Sep Consumers 23 Vic Oil- Crestaurum 11'Ac 38c Feb 13 Nov 35c Feb Cub 25,100 96 94'A 96 1,455 155 153'% 155 188 1.27 1.27 1.42 28,760 82c 1 37c 30c 37c 9,350 1 Mines Crolnor Pershing Mines Crowshore Patricia Gold 14c 5 4 Smelting Exploration Jan * 100 & Gas 95c 4,100 95c 97c 78% May 147 Oct Feb 34c Aug 97% 6.20 Apr 13% Mar Davies Davis Jan Oct 1.90 Nov 24c Oct 55c Jan 69c May 15c 15cl8y2c 2,100 12c July 80c 80c 90c 5,450 60c Oct 1 24c 21 %c 9c Aug 30c 4 Petroleum Leather class A 12c 8c Jan 27c Oct 31 4 __ 26c 62,200 12c 15c 3,200 26'% 27 105 26 Mines 1 1.65 1.75 Denison Nickel Mines 2,100 1 6%c 6'Ac 8c 19,500 6'Ac 1 55c 16,100 Detta Red Aug 39% Jan Dexter Red Jun 40 Jan Dickenson Red Lake 7 Vi c Jan 23o Jun 19% 23At Feb — Nov 174'% 1 D'Aragon Mines Nov Jun 44c Nov 36 Aug 50 279,912 26 %c May 200 6.75 July 169 171 18% 18 5 8 80 17% Jan 51c 57c 8,000 50c Nov 10,158 16c Mar 13% Feb 1.20 Nov 61c 4 Aircraft 28 y2 40 11 21 Jan Jan Consolidated 7% 1.40 May 86c 89c Cadillac Oct 134 17% Beattle 20 1.52 1.16 1.16 6 1.52 4 Oct 43c 22c F'eD 14'A 11% 1 Yellowknife 25% 7.50 21c 45 14'% 11% 1.50 43c 2% 1.60 May Jan Feb Apr Oct Jun Mar 2.44 Feb Dec 26c Feb 36c May 85c Feb 75c Sep Jan 31c 1,289 1 4 4 Lake Colomac 35c 7.50 13% 18'% 11% May 26'% 101 1 19c 7.50 22 c Oct 14'% __ Gold Sep 33 Vic 57C Sep 5,600 16 Oct Lake 91c 42 89c Mar Jun 50%e 49c l 46c 43 %c 60c May 1.02 1.02 1.08 2,500 16,200 30c 1 87c Discovery Yellowknife 169% 15'A 16% 1.59 Mar 12,200 10 %c Feb 14 36c 8c 11c May 1 65c 70c 25,000 44c Distillers Seagrams common Diversified Mining 2 20 19 7A 21% 6,740 • 1.05 25,400 Dome 165 Oct Dominion 20% 1.35 31c 64c 14 1.70 Jan Aug 98c Feb May 21% Dec Aug 1.40 Nov 88c 22 21% 22% 2,800 18 Jan 25% Sep 10 Bank 89c • Ltd 26'% 26% 27'% 435 25 Apr 29% 18% 19% 475 12'% 12% 12% 70c Jan Sep 9.75 Mar 191 Lake Mines Mines Dominion Feb Coal preferred Fabrics 25 common 4 1st preferred 50 Sep Dominion Foundry Sn Steel '1 Feb Dominion Magnesium 4 Dominion Scottish Aug 228 10 Oct 16% Invest common 55 55 18 55 Oct 59 Feb 15c 18c 4,800 14c Jan 30c Feb Dominion 28c 28c 28c 500 26c Nov 44c Feb Dom 7c 7'Ac 6,000 5c 15 13% May 12% Dec 15 Apr 53 53 53 20 53 Dec 56% Sep 29'A 29 29% 420 27 May 33Va Jan 7'A 7'A 8% 215 6% Oct 9% Feb 3% 3% 200 3 Jun 4% Feb 43 43 25 40 Aug 17% 1 _50 43 19% Nov 45 Jan Oct 55 15c • 10% Aug 17c Jan Dominion Tar Steel & Coal com Preferred Voting trust 965 1.10 1,075 20 5,000 19% Dec 24 Jan 15% 10 15% Feb 17 Feb Dulama 8c 15% 3% 8c 8c 1,000 7%c Nov 32c 22% 23 Apr 585 21% Oct 100 27 98% Jan 98 98% 25 97% Nov 4 4 4% 7,900 * 13% 13% 100 6 6 6 100 5% 26 150 25% 2% 2% 3 400 14c 15c • 26 14c 16,500 2 14c Oct 4% Donalda Mines Gold Amphl Crest Feb East 16 Feb Mines Ltd Feb 27% Nov Jun 30'% July 22'A 160 22 Nov 26% May 22 27 100 25% Nov 30 July 12% 12% 12% 200 11 May 15 Feb 1.00 1.00 1.07 34,050 64c May 4 20'Ac 20'Ac 24c 29,900 17c May 70c 68c 76c 18,100 60c Oct lie July -1 1 13c 13c 14c 8,300 • 38c 37 %c 39c 6,800 4 6c 6%c 5,000 5c Jan * Mines East Leduc 9 East Oil Maiartic Nov 29% Jan East 3% Nov Eastern Jun Easy 30c Nov May 24 23c 23c 500 22c Nov Sep July Nov 19 20 65 27 Woollens East 3% May 13% Oct 12% May 525 27 22 Jan 22% 103% Dominion 2,935 26'% 4 Duquesne Mining Co Duvay Gold Mines 15% 13% Mar 18% 26 26% 1 11% 1.00 19 % Oct 17% 26'A 4 ctfs 10% May 25 23.50 1.00 1.00 B 4 Chemical 19% 10 class Stores & • • page 30 10 16 — 1 16c 35 » see 43 May 70 91 14 Dec 18 11% 14% __ 35 16'A __ 88 125 11'% 11% 36 'A 25% Feb 235 * class 11% May 35 __ Central • Oil Jan 25'% __ Consolidated Jan 38 % • Power Jan 26 Feb Consolidated 390 38 1 Class B 29% Oct Feb 4 preferred com__* A Sep Feb Feb 76C 33 5 class 25 20 15 Feb Jun 220 -- Packers 90 355 19% 9% Jun 1,080 * B 26 21% 1.42 50 pfd_ Nov 67% 25 Corp Preferred Forest Jan 237/b Sep 97% 20c 28 1 Columbia 26 1.42 l Columbia Electric 26% May Jun May May 1 8%c 38% l Oil Sep 20 26 5 Jan 27 i Pershing American 21 %c 23%c 8c 10 Vic * Ltd 22% 1,030 Mar 20% __ 20% 100 • Porcupine Dominion Gold 21 2,285 49 % Mar 10 16 Mines Jan 6c 38 % * 1,635 24 20% 21% Feb Oct 55 Coniagas 1.03 38 % 100 23% 23 20% 17 Sep Aug 7% 60 Feb 15% 27% I A British For 50 » Canada class British British 808 • Brewers & Distillers Brewis Red Lake British 4.30 11 'A i Bralorne Mines Ltd Brand & Millen class A Brazilian Traction Light & Pwr Class 4.25 11 'A 10 Blue Ribbon Corp common Preferred British 8,200 15,850 • 40 193 Sep Apr May 10 Scotia Bidgood Klrkland Gold British 15c 28c 23 %C 12% 170 130 280 National Dec 10 Gold Mines 13c 26 Vic 1 315 8V4 16'% Conduits 13 9 27c 1 14% 42 Vi 8'A 36'Ac Delnite Belleterre Quebec Boycon 1.30 Sep 40c 11c 1 Toronto Telephone Oct 10%c May 3,930 4 A Metals Mining Bodjo Aug 6% May 83 4,000 14c 1 Bathurst Power class A Bear Exploration «r Radium__ Beatty BrosBpaulleu Yellowknife Bonetal 60c 12% 14c i Bagamac Mines & 8.25 14c 14 %c 11% l Bankfield Consolidated Bank of Montreal Beveourt Feb Jan Jun 75c 12c Bell 1.90 75c 1 Aumaque Gold Mines Aunor Gold Apr Dec 1 90 JulV Nov 27% 77c 900 Mines Bertram Oct 10,200 11% Jan 18 Nov 32c Athona Base 59 Va 220 45c 13c • 40 201% 14% 4 Gold Conwest Aubelle Mines Ltd Mar 36'A July 41% 42% 100 Utilities Circle SCO ] Atlas Steel Atlas Yellowknife Sep 188 1 Feb 8.90 15 Vic 16 30 13'A 1-* Cos preferred Jan 16,000 Quebec of 1.50 32c 42c 40c l 150 62% Chromium 1.49 13c 195 17 13 4 preferred Feb 51c 10 A 3^ 17 1 Jun 38c Astoria Bank 43 Vi 107 25 % l Ashdown Hardware 13% Nov Feb 8.75 100 62 Jun 1 Feb 1.40 4 Nov 8% 12 60 Consolidated common Armistice of 21% 22 8.90 • 48'% 201 201 Vi 17 __ 4 Locomotive Chemical 1.41 ] Gold Bank Nov Feb 45 125 371/2 371/2 Mines Steel Washing 26 %c Mar 1.62 90c 1.58 Jan Jun Jan 28%c Sep 57c Jan 12 %c July 23c Nov Machine 1 1.86 1.85 1.95 6,900 1.50 May 1 3.35 3.30 3.60 20,068 2.70 May 4.75 Jan • Sullivan Mines 97/a 9% 10'A 565 8'% May 11% Jan 16% 16% 25 16% Dec 4 ;i Jun 16% • common Canadian Maiartic Coin Oil Preferred Auto 100 Jan 8 Sep 13V4 Chateau-Gai Wines | Hi ah 51c . 4 _ Porcupine Corp Ashley 17 % 20% 38% common Ltd Canadian Arjon Low 100 % Anglo-Huronian Argus Range Sine* January Mar 16% loo Ice Citralam of Cons 17% 20% 1 Anglo Rouyn Mines Apex Share* 75 23% 31% July Nov Vi 12 4 25 Centremaque High Feb Apr 16% May Central Patricia Gold Mines 100 ___ Mines *maleamatpd Aquarius of Prices July 105 Dec 6% 50% 3.50 28 Central Sale* tor Week Low 50 50% 4 LttiiRdian 4% 7% 73c 4 common Preferred 5% 130 17%c Feb Jan Dec 69 60 28'A 7% __ 23 20 25 18% 28 23'A __4 69 100 18% V4 2.70 Jul* „ Jan 2.30 Castle-Trethewey 20 Yellowknife American Anglo • preferred Steel 28 Jan Jun Exchange Range Sale Price preferred Aluminum 69 __ 18V4 * Dredge Canadian July 16% Week's Par Algoma 50 4 A Cariboo Last Aluminium 101 10 Canadian Funds Gold 100 __ Dec 2 <t.0j 6 Toronto Stock Alger 2,750 * Preferred Canadian Akaucho 13,500 1.70 Peo 20 Canadian $2.50 37c 3.20 4 Celanese Canadian 81.50 36c 2.95 50 Canadian Food Products Sep 1.65 1.16 „ __ Power 24c 36c 3.05 __ Uaspe on Abitlbl 5%c Sep * Car common Canadian Class Edmonton Oil 11,000 100 A Canadian & A Mortgage Jan 2.60 19c 4'Ac 6,990 9c __ __ blocks— Calgary class preferred Class 2.10 Mines S Canadian 65c 2.10 2.69 2.65 4 Apr i Maiartic Power cauadian Breweries Canadian Canners common 1st preferred 57c 3.85 Feb 2.50 7%c * Canadian Bank of Commerce 67'Ac 2.00 Nov 33c __ Oct 2.10 19 »A Dec __ Nov 2.00 May 11 2o Preferred 35c 1 . 12 3,500 __ 50 Canadian Bakeries 47c 1 . Ltd 180 13c * S 1,485 1 ..! 18 Vi 11c 18 y4 100 B • Ltd... preferred common Packers Class 3,000 10c I8V4 * preferred Canada Permenant 53c IOC Nov __ 50c luc 30 __ 52c 1 July Northern 50c Ltd Lid 22 Canada 1 Ltd 40 Nov Oci Jan 30 2.90 5c 2.10 Apr 30 4 7c May 12% 1 4'%% Canada Jan J2% 4 Feb 50c Jun Machinery Feb Nov Mat 1 Preferred Jun Mar 11 Malting 6.00 35c 28 Canada 18c May 8 1 Cement Feb 275 Jan 21c 20c Feb 12% 4 Flon Bread Canada 1,000 Fen 4.75 *8 Ac 28% Lake B 15c t 55 Dec 28% 1 Red Class 1,000 Aug May 2.45 12% 2.05 6'Ac May 12c A Oils Canada 17c 27c 80c . 12% Edmonton. Campbell Canada 501 class Flin Calmont Feb 1.52 & 2,900 28 % 4 Cailinan Feb 1.01 9c 1 Mines 1.28 2.15 2.45 1 Mines Vviltsey-Coghlan Dec 6,400 2.40 1 Mines Mines Jun 6,b00 8%c _ 16% 1.12 1.52 Co 4,900 1 High • Jail 2.20 1 Mines Gold 65c %c 1.10 1 Ltd Ltd 1944 500 1 Ltd Gold 65c & 1.00 2.60 21c 21 %c __ 15,350 95c 2.45 __ 1 LOW 38c • Class B 7.40 Aug 33 2.15 4 Mines Burns Jan May 65c Mines Calder-Bousquet Mar 3.55 May Lake Feb 5c Red 36c __ di . Oil Building Products Burlington Steel 33c Mines Westville Sep 1,200 50c Mines Cons Jan 45c 2,300 Ltd Mines Mines Hughes 18c May 2,600 Lta Standard Gold Mines Teck May c Mines Sylvanite Gold 7c 18c 45c Dredging Ltd Sonia-Duvernay Buffalo 5,000 3,192 1 ; 37c Range Since January High 17c -_1 Mines Siscoe 2.50 4 1 uoiu 21,000 3c 2.20 Gold Snerritc-Gordon Miller 4 Canadian 1 Quebec Manganese Quebec Yellowknife OoM Mines Red Crest Gold Mines Rochette Gold Mines Co Ltd Silver 98c Ankerite Feb 15c 1 Corp Mining Santiago 1 Buffalo 45c Dredging Cadallic Goia Buiiauison Feb 5%c O'Brien Gold Mines Ltd Pitt Feb 9%c Broulan Porcupine 40c 3c Macdonald Mines Ltd Pandora 92c 45c — Low 19c Aug 4%c Nov 5 %c Lingman Lake Gold Mines Ltd Mining Par Jan Dec 12c 5'% Shares 16c _i Ltd—__— Mining <s Expior Co Ltd (1945) Mines Ltd. Normetal High for Week ef Prices May 10c 1 Rowan Cons 6c i Mines Lake bnoie Mines Ltd Nechi c 2,000 1 Ltd Miuca Lauraaur Lake 9%c 11 %c 1 Consouaateu uoio___ Hudson-Rand Gold Mines Ltd— Joliet-Quebec 15c 1 Ltd Consolidated 10c Skies Range Sale Priee STOCKS— Buffalo 20c 11c Week's Last Low 5c 1 41 5 Friday 22,050 Ijc Hollinger J-M %c 5c Ltd Gold 6 l„c ^ (2345) MARKETS DECEMBER Rang• Since J»nn»ry \ High 6c _1 Ltd Goiavue 6c I : Ltd Goldora Heva LOW 1 rounaqut LISTED WEEK ENDING CHRONICLE for Week of Trices Par Fontana FINANCIAL Sales Last Sale Price STOCKS— & 14'A Nov 2.45 Feb - 42 (2346) THE COMMERCIAL & CANADIAN RANGE Friday Week's Eiaer A Shares Eiaona Ei Sol LOW 19% 1 70 %c 70 Vac 79c 1.04 Mines Uoid 19% 1.02 1.19 30c "ZIi Gold Mines. Eureka Palconbridge Nickel Grain class Canada Co Power 1,005 16 Aug 19% Feb Oct 67 Jan 5 120 Jan MacLeod-Cockshutt 100 103 160 8 8% 2,475 3% 3% 5,980 Aug 5 Feb Madsen 22% 23 1,304 19 % Jan 25 Nov Magnet Consolidated 25 130 20 % Oct 26 Jan "" NOV 100 May 92 92 2.40 20 19% -100 Giant keilowknue Lake Gold Mines.. 2.05 May J,25 20" Nov Class Lake Manitoba Jan 1,000 3.05 3.20 2.18 2.35 5,450 15c 4,000 1.63 1.70 4,633 10 10 415 3,870 1 7% 3.25 Mines— 7% 3.25 3.40 Gold 35c Aug 111% May Marcus Apr 111% Sep 275 3 A Jun 5% Jan Massey-Hams common 5%c 17% 85 16 16% 270 110 17 % Dec 14% Aug 104 % NOV 20 Maralgo Apr Mines Gold 35c 6,000 9c ,_2 Feb McBrine Nov McColl-Frontenac (L) 17 new 4,762 17c 18,900 10c July 23c Sep MClntyre 3%c 3%c 4c 4,500 3c July 9c Feb McKenzle 51 %c 49c 53c 71,228 42c Sep 71c 96c 95c 1.Q0 17,716 57c Jan 16 %c 17 %c Mar Aug 27% Mines %c Nov 4.00 Nov 56c July 2.60 Nov 5%c Feb 11% May 15% Nov 4%c Aug 10 %c July 2c . Oct 34c Nov 8c . Dec 1.15 18c 14% May 21% J»n Apr Feb 27 Nov 32 ' Feb 19% 10 17% Jan 20 July 12% 960 12% Nov 13 98% 25 98% Dec 104, 54 Jan 60% 150 60 Gold— 530 62c 5,550 30c 32 %c 30c 60% 60c McWatters Gold ' 94C Nov Jun Nov Feb 6,610 62c Feb 2,700 ll%c May 20c Feb 3,500 16c July 22c Feb 19c 3.700 11c July 32c Aug Mid-Continent 6c 4%c July 23c Jan Midland 16 90 Aug 50c Jan Milton Brick 2% 2% 2% Oct 3.30 Jan Mining Corp 8.10 8.10 8.50 2,127 , 5,550 2.00 Mills 68% 47%c May 30c May %c Mercury Feb Sep 7% 27% 6c 17 10 27 60c Lake Dec 1.50 May Jan Feb 2.25 Sep 2.80 May 27 c 1 4.20 Mar 4.85 39c 12% 15c 15 %c Red 5% Feb Jan 98% 12% Red Lake McMarmac 1.98 Mar 9 % Sep Oct 3.60 19% com. .10 Porcupine 1.30 May 2,380 16% Nov Aug 15 39c ' preferred Preferred 6.40 15c 5.40 May 16% Preferred 18% 108% 3.05 May 3,500 34c Jan Dec 2.15 1,500 34c Martin-McNeely 4 215 8c Nov 103% 4,500 5%c 109 3c 14 Jan May 11c 17,800 2 %c 33% 31% 1.35 Aug 4,700 2.10 Feb Jun Jun 16c • High 2.40 1.45 May 9,400 27c 2.01 13% 10 Apr 7,600 35c Eastern 25 16% Low 2.06 245 6.20 1 Gold Lake & 15c a Mines 13% 17,150 21c Maple Leaf Milling 6.25 —-1 50 1.63 7% Red 1 Gold 13 % 1.51 B 1 Oil Goldale 92 Mines.. MacMillan Export class A 1 Gold God's 2 8% May 20 17% 16 Preferred 6% May 134 Gold 110 104 % 104% ueneral Steel Wares common Oct 95 9% 4 __ Gillies 5 4,450 Oct 110 110 "A" 92 2.55 4% Sep 109 109 % 109 % Bakeries Mfg 13% 10 Malartic Gold Fields 8% .100 Products 26% Macfie Red Lake .100 General 440 1.63 MacDonald Mines 670 48 nnmmim General 29 % 14c 3,170 50 2.41 preferred 28 28% 2.20 4.55 18% .100 preferred 405 Mines 49 _ preferred 31% 21c Mines 5.50 Feb 30 1.54 Uoidlields 4.50 Exploration Globe Macassa 3.90 7,075 3.10 Gold Hosiery class A 25 A ___. (A JI Glenora Lunward London 3% -10 Mfg & Aircraft 5%% uuuvlcourt Oct 22% preferred of 5% Jan 4.70 17% .100 Ford Gatineau Sep 25% 5 Fleet Prooisher 60c Oct l.y6 July 3,554 com Products Freiman Apr 16% 245 4.00 48% Preferred Foundation 20c 21 3.80 4.50 Players Fanny Farmer Candy Shops Fibre 16, <00 26c 19% 1.70 A Class B 17% Famous Federal Aug May High 1.65 13% class Groceterias 28c 2.60 Aug Range Since January 1 Low 28% Lohlaw 19,201 28c Shares 1.65 Little Long Lac Gold Mines Ltd— Feb 1.36 for Week 30 Jan 21 89,950 20 Corp Oct 19 60C 3.80 English Electric class A Sales Range of Prices Pa High LOW 275 STOCKS— Range Sihce January l High 19% Week's Last Sale Price for Week 20 Mines MARKETS DECEMBER 5 Friday Range of Prices Par Eddy Paper class Monday, December 8, 1947 Sales Last Sale Price STOCKS— LISTED WEEK ENDING FOR CHRONICLE FINANCIAL 17 17 17% 800 7%c 7c 7%c 8,000 16 Nov 5%c 15% Apr Sep 1.75 19 Apr •• Goldcrest 1 Gold H*4' Gold !'■ Golden Arrow Golden Manltou Eagle Mines Goldhawk i " 17 1 Mines 15c 1 Mines 1 Porcupine 2.00 16c 1,500 3,577 2.00 2.01 7,000 Goodyear Tire 1 common 100% Preferred 50 52 12,500 8c Aug 74c Jan Modern Containers 12c 19,800 7c Mav 20c Sep Modern Tool 31c 2,707 17c May Sep Monarch 4c 2,000 3V2C Feb Moneta 100 100 % 60 Jan A 52 52 % 75 • 10 % 100 * lie 14c l4C 4,500 * 19 18% 19% 3,228 44 % 45 11 11 Great Lakes Paper common Class A preferred Great West Great • West Saddlery Greening Grull Coal 10% 44% » 52 July Oct 11c 113 55% Jan 4 10 % Oct lo%cMay 12 17c com Sep Morrison July Mosher 44 Sep 47% 1,200 Nov 11 Oct National 13 Sep National Nov Breweries preferred_ Drug preferred b% May 4 Jun 5% Mar National Grocers preferred 1 7c 7c 1,500 7c Dec 8c National 82c Halcrow 1 82c 82c 91c 19,053 15% 15% 875 5c 5 %c 13 Apr Dec 1.00 Nov May 16% Jan 10c Jan Jun 3,000 4%c Halliv/ell Gold 1 2%c 2%c 3,200 2c May Hamilton » 7% 7% 7% 200 6 May i 35c 35c 36c 6,620 33c Oct * 11 11 Hard Bridge Rock Harding Gold Mines Carpets Harker Gold Harricana 1 Gold Mines __ 14c 2,000 29c 12,600 Hosiery class .25 50 20 44 44 30 -5 12% 12 12% 3% Jan 10.50 Jan 15% Feb Dec 9 Jun 15% May 18 Jan 43c 72c Feb 22% 77". Nov 7% > ' Sep • 15 Oct 65 . May 25% Oct Feb 27% Aug 4% 3 % May < Sep 12%c Oct 25c Jan 15c 29 29 29 105 11 11 50 A Class B National 10% Sewer "A" 11% 1,130 9% May 12'/8c 12 %c 1,500 9V4C May Negus Mines 10 10% May 37c Jan 32% 33 40 22 23 225 2.10 2.15 4%c Mar New New Calumet 65c Jan >J*w Marlon Gold 12 Apr Newnortli 18c Apr New Norzone Rouyn Gold Apr 30 Mar July 13 10 Jan 12% Feb 36*" 22 Sep 26% 1 2.18 3,950 > 7c 7,500 , 93c 700 35c 35c 14 Nov 8% 6c Mines 47 Oct •■'■29 93c Bidlamaque Feb 9% 1. Dec 11% • • 44 27% 1, 100 32% 22 % Pipe 1 200 -20 National Steel Car Swayze 3% 13c Oct Oct 12% July 130 26c 70 15% 26 13c 40 1 210 3 % Lac 5 • 74 Mylamaque Mines 12 Gypsum, Lime & Alabastine 73 25% 5 Guayana 350 16% Jun Jun 10 17 Brass Long 505 2,850 73 preferred 19% 45c 14 %c 7.90 May • 185 43c ' 15 17 45c Moore Corp common 13% May. 14 7% 16 % Porcupine 12 12 14 7% 16% Works Knitting 4 common Wire Wihksne 16 Montreal Locomotive 95 Dec 46c 4% Gordon Mackay class Grandoro Mines Grain. 9c 4c Goodfish Mining Pacific 13c 14 %c 27c Mines 13c & Oil 27c 13c 1 Mines Goldvue _• yc Goldora J* • 1 — 37c 9,600 1.82 May July Oct 30c May 4 ' 4c 74c Dec 9%c 7%c 10c 9,799 7c May 21 %C 95c 95c 99c 3.516 75c Aug 1.45 Feb New 8c 3,500 May 15c Feb Nib Heath 1 12c 11c 12c 6,033 9c Oct 35c Feb 97c 97c 1.00 1,100 95c Aug 1.40 Jan Nipissing 14% 15 375 10 Aug 15 Oct MLuanda 25 %c 28c 17,750 24c July 97c Feb Norbenite 1 60c 60c 2,100 46c Aug 89c Mar • 8c 8c 500 7c Nov 18c Jan 9%c 9%c 7c Nov 18c July 6,500 57c 57c 60c 8,500 8c 1.500 6c 6c 500 1.25 1.25 1.30 417 46 48% 1,661 42 35c 37c 4,500 25c Nicholson Mines 1 2,000 20c ■ Apr Feb 2.55 Mar Jan 1.45 Jan 65c 9% Feb Jan 70c Sep 60c Dec Feb 1 4 %c 46 % l Hasaga Gold Headway Red Lake 4 %c 18 %c Jan July 12 %c Aug 18%c 4%c 18 %c Aug l Gold Hedley Mascot Hendershot Paper Heva Gold com_ 7c * Mines 28c i 7c 7c Merger Yellowknife 7c Mines Mines Malartic Mines Norgold Mines Highland-Bell Highridge Mining Highwood Sarcee Hoilinger Consolidated Gold Home * Mines Homer 1,500 Yellov.knife 5 11% 11% 12 2,390 • Oil 4.55 4.40 4.70 22,425 7 %c 9.50 May 2.75 Jan 13% 4.80 Normetal 4c North Inca 15c Sep Northland 65c Nov North Star Oil 47c Jan 45% Feb O'Brien Nov 13c Jan 53 e 28,900 24 %c Aug 32c 5,500 Hudson Bay Mining & Smelting Hugh- Malar tic • 42 42 44 816 1 4e 3 Vac 4c 11,600 10 26% 26% 27 360 14% 14% 14% ordinary_5 13% 13% 14 25 % 25 % Imperial Bank Imperial Oil Imperial Tobacco of Canada 5% Ail—25 preferred Imperial Indian Varnish Lake Ingersoll 4 com Gold class A * Inglis iJohn) & Co Inspiration Mining 30 4,920 121/2 Jan 15 % July 1.115 13% Jan 15 % Mar 460 25 % Nov 25% Nov Nov 13 Nov 13 13 10 8c E'%c 5,400 8% 8% 45 6 9 52c 9 1 52 j 3%c Apr 18 ...1 4u 25 8% 1 Machine 29c 4'3 1,000 14 Int'l Metal class Powders com A International Nickel International J M 32 50c - _ Mines - Orange Orenada 24 Feb Uilac Apr Osisko 11c 8,000 7c May 52e 1,100 52c Dec 85c Jun 39c 6,100 24c Jan 4 Re. ADr 5c Aug 10c Jan ; Quebec Jan Osulake 11 2.35 2.45 9,675 70c 74 Vac 5.600 46c 65c 2,300 40c Jan 2.35 Julv 14c July 21c 2.35 15c 15c 7c 68c 20c 8,000 9c 11,200 11c 14c 4,000 13% 13% 235 IO'/BC IOVSC 500 17c 19 %c 17" Lake Lake 1.04 Mines Mines 3% 1.80 May 6c 7c 13 9c Jun Oct May May Sep 20 0°^ 17c Nov 1.01 1.12 21,650 81c July 80c 2u,uUU 45c May Kayrand Mining Keno __ _ Kenville (Eastern 210 26 Mar 33% Aug Pacific 5 101 Nov 104% Jan Page Oct 37% 6,011 32 13 1,540 12% 37,700 1.47 1.47 400 35c Sep July 1.35 July Hershey Jan Pamour Porcupine Mines Ltd. Feb Pandora Jan 1.68 6%c Sep 15c Parbec Jan 8c Dec 19c Jan Dec 5c Sep 16c 18c 22,523 July 55c 8 %c 1.799 Partaner Kirkland-Hudson _ Kirkland Townsite 8c c 1,142 3c Dec 5c Sep Perron 41c 7,750 33c July 60c Jun Piccadilly 45c 45c 48c 9.800 33c May 95c Jan 3c Mining Gold Dufault & Exploration.. Mines Mines Lake Fortune 5c Nov 12c Lake Shore 8c Nov 84c Jan 1.21 July 32 % 32% 165 27% July 33% Jan 1.70 1.18 May 2.20 Nov 12,000 5%c May 10,450 9c 2.068 6c May 20c Feb 9c 2,500 9c Aug 23%c Jan %C 5c 5 V2c -3,000 3c Dec 12c Jan 3c 3c 3,500 45c 49c 5,739 66 10 16c 17 %c 16 %c Gold 13,700 42c 65 July May 7%C Aug 9Cc 90c 90c 1 200 86c Nov 13c 12 %c 14c 86,000 7c July Pickle Crow Gold Mines.... 2.50 2.50 2.60 3,075 3.95 3.95 4.00 1.375 15 %c 15 Vac 18c 6,600 15 %c 53c 50c 56c 42 43 87,850 705 33% 90c 91c 1,000 40 39,900 21c May 55c Jan Powell 50c 50c 2,000 40c Sep 60c Oct Powell 41c 44c 4,100 25c Aug 50c Nov 2.625 12 % Mar 17% Nov Pressed 6,750 14c May 46c Jan Preston 50c Jul/ 1.05 Jan Purdy Jan 2.30 Nov Purity Flour Mills common. Apr 32c Oct 500 6'/8C Aug 24c 24 31 Oct Jan Porcupine Peninsular Mar Porcupine Reef 15% 16 19c 19c 21c 61c 61c 500 1.92 1.83 1.S8 16,300 21c 21c 23c 8,000 24 24 24 % 175 1 6.75 G.50 7.20 14,675 7c 7c 7%c 6,500 5c Oct 61c Feb 1.33 10c 23 July 3.40 May Larder Voting 7.50 Aug Quebec 47c 43c 1,000 35c May 86c Jan 5c 2,000 4c Apr 15c Jan Regcourt 16c 16c 1.400 12%c Oct 33c Jan Renfrew 14 13% 14% 2,185 13% Jan 16% Nov Reno Queenston Jan Riverside 200 2.80 Sep 4.50 Jan 980 5.70 Feb 7.75 Nov Class 1.25 19 1 1 Dec 7c 17 %c 6%c 20 Sep 22 7c 7 %c 2,500 6c Oct 13c Jan 17c 19 % c 15,600 17c Dec 50c Jan 4c May 6c 7c 25 12,000 19 17c 17 <17 17% 285 16% Aug 21% Feb 1 3 %c 3 %c 3 %c 9.500 2 %c May 4%c Feb Leduc-Wesl Oil * * 50c 50c 3.500 39c 55c Leitch Mines, Ltd 1 1 1.27 1.26 1.27 2,900 Laura Secord Gold Candy Lencourt Gold 1 Lexindin 1 Gold Lingman Lake Gold Mines For footnotes see page -1 44. 1.16 Sen Jun 1.45 Little Sep Russell Ryanor c 65c May 500 250 9Vb May 14% Nov 2.50 Nov %c 7 Vac 1,000 11% 11% 110 11% Dec 14% May 51 105 51 Nov 55 50c 500 50c Jun 1.15 1.32 May 7c Sep 20c Jan Jan Feb 83c 573 60c July 1.20 Ja'n 90c 1.00 3,877 64c May 1.20 Aug.'. 4,390 13% May 21% Jan 80c Feb 14% 15% Nov 10 Jan 16c Nov Nov 47c Feb 31 • ;.j Feb 7c 17c 21c 9 75,300 25 9c 8 Dec 34% Nov 38 8 8 210 6% Apr 10% May 15% 16 70 15% Dec 19 5c 33 7 %c 1,400 5c May 43c 53c 15,300 20c Aug 24% 24% 1,150 22% Apr 25 50 12% 12c 1.03 Mar ... i . Feb Feb Jan Jan 17 16% Nov 21 Jun 10c 12c 1,500 10c Nov 45c Jon%: 26c 25c 29c 30,800 25C Oct 38c 14% 14% 14% 1 250 11% Apr 15 Sep July 7 %c Mines Industries common. 8%c 1,000 7c 15c July Mining 2,500 13 Dec 28c Sep Saguenay 1"c 2.510 10c Sep 34c Jan St Lawrence Corp common. 65c 70c 18,000 63c May A Dec 1.67 9,200 5c 22c Class Jun Nov 43c 12 '■•o 1.32 Mar May 45c 56c 44% 8 Co 18c 12' Jan 26,300 30 Roybar Chibougamau Nov 75c Dec May 24% Oils Rupununi 27c 30c A com A Royalite Oil . May 7,070 9 Royal Bank Jan 3 Lebel Oro Mines ttoxana 4.40 15c 15'/a c 23 %c Roche Long Lac May 3.25 May 15% class Robinson, 7.25 Feb "9c 12 VaC A. (1936). Silk 85c 3.45 Feb 3.30 15 c class Gold 80c Feb 2.30 May 9c Textiles 6.60 80c 14% Gold 3.25 Jan 83c 90c ... Gold 6.75 1.31 17c 50c 11% Gold 3.25 29c Nov Jan 2.25 7 Mines Preferred Quebec 85c 13% 2.15 59c 71% 51 Mica 26% Mar 85c 13 2.15 4%C 1,700 85c certificates- trust Metals East Dome 5c __ * Mines "U" Gold Rouyn LOc -i 42% Manitou Gold Mines Quemont Mining • * Gold Klver Rlchmac * Porcupine 9c 15% 1 Lamaque Gold Lang & Sons Lapa Cadillac Lapaska Mines Feb 1.80 66 39c 1 1 Lake Wasa Mining La Luz Mines 65c 9c 3c 26 % 5.0c 4 Mines Jun 6,500 2,700 7c 45c 9c a Rowan Lake Nov 8c com Pen-Rev Gold Mines Nov 34c 1 Gold 1.05 15c 90c 5 26 % • Laeuerre 3 35 %>c _ (John) Labrador Lake 1 1 _ Jan 9c Mines cons Ltd 38c 1 _ Lake Kirkland Labatt _ Feb Feb 2.26 9c Malartic *vmasrei Penman's 3 % c 1 .1 __ %c 70c Feb 14c 1 __ Gate 18 85c Mines Malartic 16c _1 _ Jan Feb 75c Cadillac paramaque Jan 2%c « _ 23 1.73 Tubes 16% 1,500 — Golden Jan 6%c 1 90c 2,000 1 Gold Kirkland 19c 25 %c Julv 32 % Petroleum 2,400 _ Kerr-Addison Apr 90c Pacalta Oils 8c Gold Hill 1.77 8c Apr 8c 1 _ Nov Feb 26 2 %c * Kelvinator Kelwren _ Feb 2.90 75c 85c Dec 40c __ 6 Jun 6 %c Aug 8c ___ Mines FeD 5C0 13% 12% 2 %c 1 _ Ltd 16c 6,000 Pioneer Gold Joiiet Mines Jan Jen Feb 4% Gold Red 1 _ Consolidated. Joburke 9 2.05 44c 5 %c 7c 4Gc 70c 8c Dec Jan 70c Mines 100 60c 1.47 Nov 1.32 May 10c Jan Jan 83c 5c Crush 1 _ Mines 33'4 3 JulV 54 4% Gold 10% Apr (1940) common Malartic Omega Sep 1 - __ 32 Jan Aug 2.10 35c Omnitrans Exploration Aug 1 Mining . 30 Jau 13c Jun 52c Oils O'Leary 8 8 17c Oct 65c Gold 6% 12% 12* 1 Mines c 12% 102 % 102'a • • 12'2 29 • Mines Jellicoe common Gold Waite Jason Co Petroleum Uranium Mountain jacknife Jack a 100 International Jacola 121 • Preferred Island 4 1,500 May 5c 9c Mines Pacific _ International Bronze 6c 10,700 35c Ogama-Rockland Jan 6%c Aug 45c 31c __ Dec Feb 10,000 46c 31c Mines 57c 1.25 , 6,520 13c Gold May 8 %c I 1 Gold 1.55 10c Northern Canada Mints July Okalta l Howey Gold Hosco 1.50 13c Mines Morseman Nov 4c 1.52 Mining Norpick Gold Mines 1 Power preferred- preferred 17 May 40 103% Dec 106 Feb 16 % 16% 17% 250 9% Jan 19 Nov 47 47 48% 60 50% Oct 103% 103% -100 .50 32'% May , Volume i'-V COMMERCIAL THE Number 4653 166 & FINANCIAL CHRONICLE (2347) 43 " CANADIAN Week's Friday Lawrence San Sand River Sannorm Gold Mines Senator Rouyn Gold Breweries "A" 19c 20c 4,500 20c 16c May 30c Oct 31c May 85c Nov Aug 25% Jan 21.% 21 % 21 3/4 355 213/a 48 48 </4 800 48 Nov 50 8%C 10c 4,000 8V4C Dec 43c 103/4 75 I0V2 Dec 13% 2.97 3.10 20,372 2.06 Jan 5.35 Feo 2.97 15'/a 15 Va il'/2 1+ 185 160 12 8.40 320 Dairies : 1 Class B 99c 1.05 16V4 51C 57c 12 12 12% 564 11 % 11% IIV4 97c Nov 1.05 Sep 59% Nov 266 6% 263/4 27 365 24 V2 Jun 22 22 23 255 193/, May 100 100% 100'/a 1 45c 45c 54V2C 1 42c 42c 43c 18 18 V8 1.41 • Class B Preferred uGold Mines Malartic Southam Co 4 Springer Sturgeon • 1.42 * 65c Stadacona Standard Mines (1944) Chemical 102 100 Va 90 Oct 3 2 3/s Jan 43c Nov 68c Aug fi8c Yellorex vmir Nov 20 8,050 65c 68 Vac 4,332 Sep 91c 1.48 May 85c 100 May 7'/a 125 7 May 97'/a 25 96 Nov 105 14 Dec 23c 12,500 20c Aug Mines 5V2 May 5 675 5 Nov 8 Stanley * 9 3/8 9% 50 93/8 Dec 12 83c 88c 4,700 1 85c 55c 1.06 Mav Co of Canada * common Preferred Steeloy Steep 25 Mining Rock Iron Mines— 1 38 % Feb 3412 50 33% Oct 36 Jan 37 45 35 Oct 393/8 Mar 33 Va Oct 36 35 Oct 39% Mar 27 __ _ Cons Svlvan't.e Tamblyn 1 12c Mines 2.06 2.25 10c 83 Jan Andian 89 3/, Jan Asbestos Aug 2.65 Brown 9 Mai- 15V2 Aug 1,500 He May 27c Mar 3.000 4c Dec 10c Jan Canada 1.70 May 2.85 Jan Canada 2.10 2,475 2.05 2.05 2.15 29c Jan Nov 21c Apr 19 1 3,074 13% Jan 213/4 Oct 5 96 Oct Julv ft 23 23 560 19 Oct 25% Jan Is 2.85 3.05 7,245 2.70 May 3.50 Nov 6'-»c 70c 27 27 Texas Mines 50 52 5% 5 "4 2.75 Jan 16 1.00 Feb Canadian Feb 28 V2 Sep 5% 4 5 3.65 3.65 1.35 1 Mines Tip Top Tailors Toburn Gold 1 Tom bill Gold Dec 54c 5V4 6% Nov Finance Jan Canadian Transcontinental May 62c Oct Daihousie 65c Feb Dominion Week's 18 215 I7V2 Dec 21 Mar Dominion Glass 70c 75c 3,134 68c Nov Feb Dominion 15c 15V4C 6,500 15c Nov 13 388 11 for Week Shares 170 1 lie 11c 12c 1,000 43 47 175 67c 68c 1,600 4 C7c Jan 13 % Jan Nov July 58c Donnacona 15 Nov 31 com..4 90 78 % 94% 1,795 43 May 175 170 175 34 155 May 3 May 1 Feb 6% 7,515 105 109 275 19% 1934 145 671/2 May 191/4 Nov 13:% 13% 100 12 '4 4 40 40 10 4 22 23 % 200 4 30 30 % 85 common com Lumber Union Co Gas • Feb international Class B class Steel 125 17 % May 21 Feb 48% 48 '.'a 43 140 42% Apr 50 Nov Ogilvie 15 % 15'/a 16 Va 320 5% May 17 Nov Oil 8%C May 6%c 1,000 8 V, 8 % 1.010 75/e May 2.48 2.45 2.52 4,960 2.00 May • Ltd 7.30 7.30 7.50 1,442 12c 12c 7,000 i footnotes see page 21c Jan 8 Va c 8% 1 Vicour Mines For 1,000 • Mines a 15 V4 Jan Oct 43 Feb 21 Jan 251/4 Feb 26 90 Sep Mar 36V2 Apr 130'/a Mar 3% 3% 4,450 21/2 Aug 40% 40 5 8 43 15 371/4 Aug 18 Va 18% 21 6/222 14'/a May 32c 4 36c 1,510 31. 31 % 175 4 37 37 40 12% 12% 25 4 new 36c 4 com Oil 37 41 Feb 150 12% Dec 121/8 Dec 25 200 25 Dec 25 Dec 25 % 515 143i May 27 Nov 2.70 700 26 26 25 21 21 31 57 % 61 102 102 48 % 26 4 Shoe 72c Nov Sep 25 4 Paper common 58 % • 100 __ Ltd Minnesota Jun preferred Ontario & Flour 1.90 RATES Monetary Jan 3.00 Jun 20 Jun 30 Feb 21 Dec 24 % Feb 3,209 41 May 63% Nov 5 102 Dec 105 CERTIFIED BY FEDERAL 28, 1947 Unit TO RESERVE Pend Price Bros Nov Reliance 12 22c Feb Yukon 15 24 1.815 15 3/4 May 24% 26% 25 26 3'4 Dec 30 4%c 4 %c 4 4 %c .2.500 41/2C Dec 2.13 1,400 1 4 Grain Temiskaming Mar 48% 2.04 26 3 4 Oreille Feb 2.85 Aug BANK DECEMBER Buying Rate Value 4, TO 1947, 1.75 68 55 52 34 20 20 100 15'/2 8c 10c 1.500 1.00 1.00 400 20 1 Mining Consol 48 »/4 67 % 4 8c 1 68 Dec TREASURY for In Cable Transfers United UNDER 3.40 Sep Nov. 29 Dsc. 1 t • Official TARIFF ACT OF thousands 70 Nov Aug 23 Nov 12c Jan 1.45 Sep Jun of dollars) Inc. ( + ) 1930 York Dec. 2 #. $ Dec. 4 $ .297733" .2977334 .297733" .251247" .251247" _ fund for F. .251247" .251247" .251247" ctf. 21.418,038 and S. Brazil, cruzeiro 3.212133 3.212133 .022785 .054406 .892500 .887109 Colombia, peso .5698004 .5698004 Czechoslovakia, koruna— .020060 .020060 .882656 .877968 .5698004 .5698004 .5698004 .020060 .020060 .020060 .887500 Closed .208604 .208604 .208604 4.031171 4.031328 4.031328 11,456 + 16,90<i + 2,561 + 401 1,077 403 purchased — — 226 3.110,405 5,38 r — —148.735 7.066,405 —177,000 1,456,250 + 57,500 + 561,15 1,076,633 + 148,600 + 323,2411 Due 1.000000 .208604 .208604 4.030937 1.000000 — —108.110 + 12.520.543 U. S. Total panada, dollar— 1.000000 74,900 Bonds— .054406 1.000000 102,59. + securities: Govt, Total 1.000000 900 - Notes .022781 .054406 3,212,996 Certificates 3.212133 .022798 .054406 . 3.212199 .022789 Closed — + ■ 3,644 Bills Australia, pound + 262 381 advances loans Acceptances U. S 74,000 251,165 reserves Other cash Industrial + R. 683,868 gold 1946 $ 20,734,170 ' or since Dec. 4,' 1947 S certificates notes Dec. 3 Nov. 26, 1947 .297733" _ England, pound sterling Jan May We Discounts Denmark, krone Apr Reserve Banks Combined Assets— In New States«Money « Free Oct Feb 8c 6%c May 1.00 Jan Statement of Condition of the f 2 Federal INCLUSIVE Nov. 28 peso— Official Nov 23 23 • 4 Total Belgian, franc Feb 26% 100 Paper common Selections 10 Aug 7.25 10c Langley's Redemption Free Jun Jan 3OV4 Dec. (—i Noori and Nov 2.b5 12% Gold i 21 '/2 44. NOVEMBER Country Mar 24 % 4 com requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies daily EXCHANGE Feb 50 37 Dec. 3, Argentina, 3% record for the week just passed: FOREIGN Oct 155 • Secretary of the Treasury the buying rate for cable transfers in the different countries of the world. give below Nov May 3 "2 (In to the Nov 23 7/b * Foreign Exchange Rates Pursuant to the 7 »/a 113 Feb Jan 12c 18 V» 4 tipper Canada Ventures. IOV2 21c 4,105 12c 18 MB 50 preferred Oils United 8V2 May 8c 4 12c 18 % 25 A preferred United 9 3 9 9% 4 class B 150 148%. Aug 39 4 Humberstone 1 Mining United Corp United Fuel 149 2 Preferred Union 5% Feb Dec 170 107 5% May 943/4 19% Hayes Steel Dec 1.10 8'/4 4 Sugar Paper Foothills May High Jun 25 100 30c 26 Va Low 10 Preferred 47 ICV4C May Range Since January 1 High 90 _ Textile Oct 180 Low Jan 30c Sep 15 Nov Sales Range 27 Bridge 17% 172 • Paper Oil Nov 12 Mar 8% Paper 16c 172 Resources Consolidated 35c 172 A Nov 100 1.40 Jun 19c 26 Westinghouse 8,600 70c 30c 17 8% com Western 9.600 1.40 Oct <V of Prices 100 19c Nov Dec 26 Preferred Aug 50c 1.35 May 8c 4 Vickers 1.35 * class 4.50 Pulp & Bronze 18c MOO Trusts Towagmac Exploration Traders 3.20 May 6,075 19c 13% —1— 4 Industries 1.35 4 Elevators 3.85 18c 4 General 395 100 42 V2c • Thu roots Toronto 10,000 101 4 Dominion Canadian 75 Thompson-Lundmark Gold Mines Toronto 1,300 9c 17 Sale Price common Canadian Oct 50c 45 1 Oil Canadian 23c fic 16 21c 8>4c Vinegars 26 305 26 3 97 100 & 1.98 Mav 1,500 20 4 97 1 Preferred 62c 5,700 6?c I Aug Dec 9 Vac * Corp Co 11 2.00 20c 10c 6,700 2.85 * Preferred Feb 6c 100 7'9 c Mav 3.500 --5 National Canadian Gold 6.500 12c —100 - Columbia 24c 2.00 4 Jun 1.75 British 22V2C Mar 4c * common Oct 11 50 Teck-Hughes 12c Jan 1934 Jan 23c 6c i common Pearson 25 Last Sep 13,800 2.06 * Gold Ltd £85 101 Friday 10c 1,000 I Preferred Taylor 11c 1 Mines Gold River 27 % 9 V2c UV4C 4 common STOCKS— 743/4 72 Nov i 30% Toronto Stock Exchange-Curb Section 78 180 79 100 Sturgeon River Gold Sudbury Contact Taku 77 Va 79 * Sterling Coal Suilivan 77 Va 79 Mar Oct Nov Par Steel 50c 23 % 10c Girl Apr Gold Nov 23 10c Jan class A Dec 15 Canadian Funds 550 5 534 Oct 10 220 IOC 1 common Feb 534 * 28% 250 Feb com Feb 21% May 26 101 1 Mines Vankee 4.95 30 -_1 . Knitting Dec 4.20 May 25 'a 27 Apr 93/8 0 Olsen 100 — Nov 50c 7% 97'/a Standard Radio class A— Starratt 14 9 . 8 Brock Jun Jan 80 Oct 6 Paving 7 18c Dec 25 Nov 11 125 1.45 York * : preferred Combing Wright-Hargreaves Apr 36c 170 Nov 36 A Wool 106 V2 Mar Dec 7,825 10,100 10 6c 80 3412 Preferred Jan 29 5,450 21c 29 Va _ Winchester Larder 100 com Preferred Standard 12 Jan 27 ♦ Simpson's Ltd class A 26 Va . Wingait Gold Winnipeg Electric 13 3/s July 11'/4 May 25% a 9 _ Wiltsey-Coghlan Nov 24V4C 185,800 .. Grocers Class 3.515 23c * . com _ A Western Feb 4.65 14 Consol Grocers ciass 4.55 9 Preferred Nov 10V4 com Products Western 10 9 A Westeel Nov 15% Dec 8.40 49,000 52c • A 1.02 1 class Apr May 12% va 8.40 4 SiJverwood Class 80 10 25 Hiali k 1,000 SO * W) & Low G'c 9 (G Range Since January 1 High 6c 4.55 Ltd Wekusko Sep Low 1 _ (Hiram) Waterous Jan . Shares Amulet Walker Jan 10'/a 10c Cotton Waite Aug 5,600 Gold Wabasso Nov Aug 18,600 1 Mines 5.10 6c 66c • common Apr for Week of Prices Par Villbona Oct 140 3.25 May 64 c 1 —— Miller 117 64c 4 Mines Voting trust ctis Sigma Mines (Quebec) Silanco Siscoe 14c 1 Mines onerrltt-Goroon Sladen 12c • (1945) Shea's Winnipeg Brewery onver 70 5,575 * Preferred Sicks' 136 4.50 4.20 i Ltd Shawinigan Water & Power Shawkey 135 1 Sales Range Sale Price STOCKS— High Low 4.20 100 Ltd Mines Week'e Last Range Since January 1 High I Gold 5 Friday Shares 1 Paper preferred- Antonio MARKETS DECEMBER for Week Low Par St ENDING Sales Range of Prices Last Sale Price STOCKS— LISTED WEEK FOR RANGE F. loans from R. of securities. 22,119,831 securities- 22,386,259 —229,048 banks other 95 banks 111,445 items 2,770,319 premises Other -1,767,79 L —1,747,91 > r — — + 33,168 — 75,764 assets 311,eoy — —119,635 and foreign notes Uncollected Bank Govt, —2,340,57V + 14,267 — 158,897 + 1,87! 364,856 33 + 631 4,915 + 23,121 + 1.743,83 f 4.031171 Total 47.046.253 — 16,092 24,706,491 + 70,756 acct. 17,038,499 — 82,292 acct. 1,256,041 — 57,828 assets Liabilities— France (Metropolitan) franc .008400 .008402 .008400 .008401 .008400 Federal Reserve notes India (British), rupee .301754 .301754 .301754 .301754 .301754 Deposits: Mexico, peso .205753 .205753 .205753 .205753 Netherlands, guilder .377731 .377682 .377658 .377561 bank—reserve Member U. S. Treasurer—gen. 137,52' I + 816,7(1 + 576 55 145.370 15,696 519,276 + 799 + 213,90 —123,625 1.000000 ^ 1.000000 1.000000 .884583 Free 1.000000 .884791 .880208 3.225000 3.225000 Norway, krone .201580 Portugal, escudo .040035 Spain/Peseta .091324 Sweden, krona Switzerland, franc 3,225000 .201580 .201580 .201580 .040044 .040085 .040166 .0913124 .091324 .091324 Surplus Surplus .278257 .278257 .278264 Other .233628 .233628 .233628 .233628 4.007500 4.007500 4.007500 4.007500 Uruguay, peso— Noncontrolled •Nominal rate. 371,716 179 + — 18.808 + 182 + 6,21' 1,702.220 3.225000 Capital Accounts— Capital paid in (Section 7) (Section 13b) .6583004 .5620404 .658300s .5S2040:S .6583004 .5620404 .6583004 .5620404 Total liabilities & cap. accts. of gold + 2,534 make 16,092 — 64 — 24 r 27 49,560 1,743,837 bills — 3,489 indus¬ certificate to deposit and liabilities — 7,443 to 47,046,253 — cor¬ trial loans note + 2,841 liability on for foreign respondents serves, 81,468 + 50,557 Contingent Ratio 9,682 + 27,455 capital 'accounts Commitments + 439.823 194,730 purchased Controlled 1,461,821 + — 2,326,759 f- liabilities .278257 Closed + 34,240 20,226 19,280,212 availability items— liab., incl. accrued divs. .875625 Other Total Closed — 46 333.688 deposits Deferred Official Union of South Africa, pound + Total Newfoundland, dollar— pound— 466,396 Other New Zealand, Foreign F. combined — 1,005 re¬ R. 48.7'/; + 0.2% + 5.8% -frS 44 (2348) THE COMMnjjtClAL & FINANCIAL CHRONICLE OVER-THE-COUNTER Quotations for Friday, MARKETS December 5 Investing Companies Mutual Funds— Far Aeronautical Securities Affiliated Fund Amerex 1 4.77 3.77 Par 5.24 IV* Inc 4.13 Holding Corp 10 American Business Shares 27% 1 29V* 3.68 Managed 4.03 Fund Inc Axe-Houghton 8'A 7.23 14.84 16.13 Beneficial 1 Blair Corp Co & Inv Bond 1 Tr of Boston Fund America Broad Street shares— 3.84 3.50 4.16 4:12 Petroleum 20.69 Steel 8.18 17.63 1 16,47 4.14 Metals Paper shares 96.42 8.17 18.05 Manhattan Bond Fund Inc— Common iOc Mass Investors Trust i 7.15 Mutual Invest Fund Inc 10 1 13.19 14.17 9.50 10.27 Nation-Wide 14.67 Balanced shares national Investors Corp National Security Series— Commonwealth Delaware Invest 3,040 144 5.59 6.08 1 14.61 15.80 25c 1.39 1.53 Fund-, Dividend 13.56 139 Shares Bond Low 1 Stock Fund 23.43 14.59 23.31 25 20 Mutual Trust Fund Capital Investors Stock Selected Group 6.68 * 41.09 44.18 4.98 5.34 New York Stocks Diversified Investment Fund Diversified prefeired stock 8.14 8.83 Chemical 6.20 6.73 9.77 10.59 shares Electrical Equipment shares 5.13 General bond Industrial shares— shares Machinery shares— shares Income 9.62 Reserve 10.58 6.88 5.31 5.19 Putnam Republic 4.85 1.60 1.64 Bank 5 21.21 .22.93 Group shares Group 7.43 shares 8.15 74c shares 82c 1.02 92c 12.90 10 26.77 13.12 13.43 Series B-l (Investment B-2 (Medium B-3 (Low B-4 (Speculative K-l (Income Bonds)—1 Grade Bds)__1 Priced Bonds 1 Bonds) 27.19 28.43 23.08 25.18 16.06 17.52 S-l 1 8.68 17.00 19.07 20.81 Stock (Quality Stocks) common Stks)_l 25.17 17 10 48 50 Pacific Fire 28% 30% Pacific Indemnity 47 15.28 20 146 151 11.72 5.81 Fireman's Fd of San Fran 5.18 Firemen's Fidelity & Deposit of Md Fire Assn of of Phila Franklin 10.99 49.50 10.81 6.15 67c 45.25 3.11 27.42 - .49.50 fill.70 Republic Revere (Paul) Fire Marine (Texas) 19 % SL 25 % Seaboard 10 15 17 38% 40'% Security New Haven Sprgfld Fire & Marine 5 com 6% 7% Standard 15 17 15 Paul & Fire S-4 (Low Priced Knickerbocker Travelers 81 U S Fidelity 26% U S the 10 105 109 U S Guarantee lnspect_10 30 33 & Recent 9.47 1 16.84 18.38 1 14.85 Westchester l 7.17 Bid Arkansas Pow & Lt 27/8s 1977 96% Consol. Shares— E 7.40 2.28 1977 100% Edison 3s Ask 1 4.88 5.43 Series 1956 1 Shares— 1967 94 Bankers Trust —10 Brooklyn Trust Ask 36% 100 38% 100 Central Hanover Bank & Trust 20 105 89 % 92 % Chase National Bank 15 33 % 35 V* Chemical 10 39 Par Trust Bid Ask 100 Guaranty Trust Irving Trust Kings County Trust Lawyers Trust 160 175 100 National 190 95% 96% 1977 98 99 % 1977 99 93% 95 Pennsylvania 1980 97% 98 Pitney 98% 99'A Public Service & Trust 100 10 20 Continental Bank & Trust lo Corn Exchange Bank & Trust_20 39 % Empire Trust Federation Bank National & Trust 41'A Morgan 14% 15% National 53 % 55 V* New 72 50 76 Public Mew Public Service 2%s 15 18 Sterling 10 37 39 Title 1,305 & Co Inc England 4%% Ohio 253 15% States & 1,450 1976 1975 95 97 Toledo 1977 98'A 99% 262 Edison Bank 1%S Oct. 1, 1%S May 1, l%s Jan. 1, 2%s Feb. 1, Bonds— Bid Ask 1950-1948 99.30 1952-1950 98.16 Co 2%s 98.24 1953-1951 99.4 Par 51 % American 50'A Bid Birmingham Elec $4.20 pfd 100 Connecticut Light & Power— 245 $1.90 251 39 41 86% 102 Trust_17% 38% 12 Trust Cladmetals 1 preferred Ask Electric— preferred 100 pfd 90 50 94 54 55 78 (Indiana)— preferred 81 100 Controls preferred com_l 7% 4%% 94 Texas 8% preferred 6 6% 14 Co.— 100 95% Transmission—* 8% "A" Corp 25 % * Transmsn 24 1 "A" Co Gas Eastern Tucker 25 Container Carbon Tennessee 1% 92 • 47 48% * $2 preferred 100 72 8% 620 1 96 5 50 51 West $5 Disinfecting preferred common—50c 14 * 99 76 9% 650 Bid 100.2 99.30 Treasury bills— 100.2 December Issues 122% purchase January 123% Bid 11, 18, December 1961 at Ask 99.30 Panama Canal 3s Treasury Rills Bates quoted are for discount December Other 89% 40% 25 Trust 1%8 Apr. 15, 1948 l%s Sept. 15, 1948 102.8 98 87% 89% 99.12 1955-1953 96 100 Bowes 4%% Seaboard Speer Stocks— 48% Federal Home Loan Banks— 100.2 100 preferred 4%% 16'A Obligations Of Government Agencies Land Elec— & Service— Robertshaw-Fltn 97 United States Federal Gas preferred Public 3.50 Pennsylvania Electric 2%s 1,500 25 National Guarantee United k._ Philadelphia El Pwr 2%s 48% lOo 12% : & 27/0s 25 Trust Bank & Elec 20 Jity Bank Nat'l 10 Bank (J P) York 100 1,245 Fiduciary Trust First 100 Manufacturers Trust Co Ask 101% 99% 1976 Bicl 10% 100 210 41 Bank Commercial National Bans & Trust Co— 1 pfd_100 95% 1972 3.90% City Banks & Trust Cos. Grace 33 % Par Cudahy Packing 2%s Pacific Gas Fulton 31 Plywood Kentucky Utilities 4%% 2.72 347 2.50 Stocks— Harbor 97% 101 2.60 3.32 332 65 Security Issues Pacific Pwr & Light 3%s.__1977 Pacific Tel 8pTel 3%s 1987 6.44 • 1 24% 62 Fire Firestone Tire & Rub 25/8s Florida Power & Lt 3s 2.50 1955 Bid 48 10 7.86 Series 22% 46 45 16.97 4.55 100 540 44 4 7.84 4.16 Co__ 10 525 Co__2 6.36 9.28 Stk)__1 York Guaranty 48.25 i Independence Trust Shares Manhattan New 31% Fire 21.00 North Par of Bank of 40% 29% 100 27 25 3.70% Eank 37'A 82C 14.29 New York 25 % 10 10 19.26 12.40 Fund 49 % 23% 21.63 13.09 com 70 47 10 6.73 7.17 Inc Trust 67 10 Accident 25% ; Hartford Steamboiler 12% Surety lo Hartford 20 % 21 77 5 5 29 18% 10% 18 23% American 4'A 27 10 5 Republic Globe & Rutgers Fire 2nd preferred 32% 10 10 Falls Fire Great 10 5 30% 2 Fire. Fire 3 % 10 74c 73c 11.36 Amer 82 101 2% ( N Y) 50 94 Globe & 15.20 Reinsurance Corp 47 Bonds— Series 52% 79 5 91 5 General Reinsurance Corp Gibraltar Fire & Marine Stks)_l com 49 % Accident 10 Newark 7.12 , Co 10 8.56 Stocks)—1 com 97 10 50 • Ohio (Income (Appreciation 73% 10 Kentucky Utilities 3s S-2 S-3 70% 25 10 Unit Type Trusts— 27.45 12.50 Federal 19.21 Investing Corp Trustee 7 6 74 8.35 B_1 World Investment Trust Diversified Northern 15 7.61 Fund—1 Wellington Fund 18.55 pfd 5 Thoenix 9.48 1 (Appreciation pfd Stks)_l K-2 12 24% Northeastern Providence-Washington 5.82 Stock Fund Fund 10% 22% 71 20.98 C Preferred Whitehall 5 71 10 Hanover 25c 45 5% 2.50 Preferred 2.83 Corp_* 21 x42 New York Fire 27% 1 Investment 19 10 Fire 68 17.62 Wall Street Keystone Custodian Funds— Hampshire 25% 25.50 • 28%' River 10 Casualty C'rum & Forster Inc 31 26'A 19% 18% 10 Life 28 % 2 Brunswick New 10 14.14 Common Union York General 27 43 47/8 10 New 67 25 40 5 Employees Group Employers Reinsurance 1 B Union 64 28 5 10 Casualty 9.90 1 Trusteed Industry Shares Union Bond Fund series A_ 29.10 Management Fund Inc—l Investment Co of America Invest 5'A 73 29 'A 26 2 11.27 1 IOc Series 4% 70 28 10 Amsterdam North of New 5 5 (Detroit) 8.21 Fund Fund 13% 4 Union Fire Casualty 10.20 20 2% 14.14 Group shares 11.40 Continental 5 new Street National 5 7.81 Selected Amer Shares State 33 Fire 6.50 Sovereign Investors Standard Utilities Securities Ltd— Insurance Group Stock and Bond Inc 30 10 Connecticut Trading Invest 21% Liberty 25 10.03 (Geo) National 2% Shippers City equipment Berg Fund Inc Scudder, Stevens & Clark Fund & 11.20 _ Russell 50% 20'/a Y National Fire 10 Boston Glens 4.37 .( Investors _ Tobacco 4.78 Foundation Fund Inc Eankers 12.26 4.73 & National 18% 56'A New Camden _ Petroleum 30 16% 54'A 10.93 4.45 4.26 28 lo 25 Baltimore American 11.15 _ Railroad 4.02 10c _ Steel 2.55 4.46 Common Institutional Railroad 10 5.30 Utility 7.59 9.62 2% N 10.69 — Coast Invest Fund 7.bi 7.32 10.22 Newark Fire 13.94 _ 48% 5 15 % American Surety Automobile _ Pacific 4.09 shares Aviation Oils 37 12% Assur Mfrs 9.03 Public 3.92 shares shares Incorporated 14% of Re-Insurance Fire & 7.49 7.68 7.00 shares Utility Merch 11.19 _ 2.33 shares Equipment shares Tobacco Merchant American _ Metals 4.89 stock 16 12% 9 9.31 6.40 7.20 shares Bond Railroad Steel 7.73 94 % 1 Massachusetts Bonding 14% io% 10.40 5.93 - Mining shares Petroleum Railroad lo 5 5 American _ Machinery Merchandising % 10 10.28 stock 34 preferred Fidelity & Casualty_5 10.22 Industry ,20 preferred Casualty Equitable 3.98 equipment Insurance Convertible American 10.51 7.08 shares Price Merchandise RR 7.85 9.16 Investing Low 7.64 7.13 Institutional bond shares Electrical 5.57 7.04 7.24 Administered Prior 36'A American 9.97 Diversified 19'% 33% 5.56 8.78 Corporate bond series Building shares 18% 4 15.42 Chemical 6.49 '24% 91 Casualty common 10 Automobile 3.51 __ 7.54 5.98 Ask 22% 10 63 6.49 9.33 6.95 5.14 America 4.07 6.68 Building supply 43 North American 14.38 __ Automobile Fully American 41 60 of Maryland American Alliance 4.77 3.49 Inc— Agricultural shares 4.73 10 25 6.28 1 Aviation Group Securities— Aviation shares 60% Bid 5 3.64 Bank stock Food Agricultural 7.78 9.65 Automobile _1 shares Jersey Insurance of N Y 7.03 Par 5.79 Series Series Agriculture Trust Insur Co Life Aetna 5.60 14.42 5.80 Corp Home 45 lo American 5.03 13.16 Inc Ask 81% 3.12 New England Fund 5 Trust Bid 42% 7.42 5.00 Low Priced Com Stock Series. 29'/2 t l/2 26% 59 100 78% 4.30 Series Industrial 1.97 2 Investors Fundamental General 2 preferred Par Insurance 7.03 Series shares A__2 Fundamental General 1.80 5% Aetna Casual & Surety——_10 6.39 Series Stock Series 15.60 • Financial Industrial Fund Inc 10 First Boston Corp 10 First 25.05 1 Fidelity Fund Inc 83 Insurance Companies Aetna Series Bond Stock Speculative Fund 1 6.76 Priced Preferred & Howard— Balanced 81% Securities— series Income Eaton Ask 25% 13.39 5.00 29.96 100 1 2019 12.03 3.75 com—100 2,940 4.%s_=_. 26.41 11.13 27.86 Securities income 7.84 24.43 * 1 Fund—. Conv • 4.67 1 1 Preferred Bid & Pacific— Common 4.71 Fund Century Shares Trust Christiana Stocks- Chicago Rock Island 101 4.63 4.24 4.27 A Canadian Iriv Fund Ltd Chemical Ask 100 4.56 4.20 shares shares Mass Investors 2d ■".jt BulloCk Fund Ltd 1994 — 3.89 19.14 16.31 issued) 4.54 3.53 92.56 lOo If 4.59 • Co Inc—5 Invest Bid ist 4ft 3.86 shares- Non-Ferrous 4% Bonds- Chicago Rock Island & Pacific¬ 4.23 General Industries shares Home Furnishings shares. 5% 4 3.99 shares Equipment 5 Inc— Bowling Green Fund Inc ii 5 48.15 3.62 and as 101.33 47.19 Drug 7.82 5 99.30 shares Electrical Equipment 9 1 Axe-Houghton Fund B • (When, Ask Funds— Automobile Business 2 Rid 10 Loomis Sayles Mutual Fund Loomis Sayles Second Fund Associated Standard Oilstocks Shares series A—_ Reorganization Rails Aak Bid Monday, December 8, 1947 0.70 % January b0.83 1947_, 25, As It- bO.82 1947 1947 0.72% February 5, 1948 February 13, 1948 b0.93 1948 b0.95 0.90% 1948 b0.95 0.90% b0.95 0.91% b0.84 2, 1948 1948 15, 1948 Bid 0.73% 29, b0.85 0.77% January 8, b0.86 0.80% January February 19, February 26. b0.88 0.82% March January 1948 22, b0.89 4, 0.84% b0.92 1948 Ask b0.91 1948 0.86% 0.83% 0.88% Quofalions For U. S. Treasury Notes Figures after decimal Maturity— „ Int. Rate tsept. 15, 1948——i tOct. 1. 1948 Jan. 1, 1948 point Bid represent Ask 1%% 100.3660 .3890 1% 99.9819 .0062 1%% 100.0155 *.0366 one or more 32ds of a Maturity— point Dollar Price 100 Plus Certificates of Indebtedness— t%S Apr. 1, 1948 'i > • of Jan. 1, t%s Feb. 1, Dollar Price 100 Plus Indebtedness— Bid Ask Ask .0093 t%s June 1, 1948 July 1, 1948 Series F„_ 99.9668 .9672 90.9507 99.9511 .9679 100.0058 ,0124 Is Oct. 1, 1948 Series J__ 99.9823 .0065 1948 99.9981 .0073 Is Oct. 1, 1948 Series K 99.9830 .0072 99.9974 .0067 II Odd lot sale (not included In year's range), f Flat b Bid yield price, price, k Removed to d Deferred delivery sales Stock Exchange, (not rCash sales .9675 1948 Series G 1948. Series H 1948 t7/8s Mar. 1, 1948- a Included In year's range) ;-e Ex-interest. .9812 99.9503 tVeS July 1, t7/8s July 1. t%S Maturity— Certificates Bid 99.9967 (not w included in 1 When Issued, •No dividend. par ' year's x value, Ex-dividend, tin tEx-stock range).: y dividend. (Un) Unlisted Issue. wdWhen delivered, Ex-rights. default.- JThese ;.bonds are subject to all Federal taxes. TEx-llquidatlng I Volume 166 THE Number 4653 COMMERCIAL & FINANCIAL CHRONICLE (2349) Week Ended THE COURSE OF BANK CLEARINGS clearings this week will show Preliminary figures compiled by cities of the based us, compared with increase an a year ago. telegraphic advices from the chief upon country, indicate that for the week ended Saturday, Dec. 6, clearings for all cities of the United States from which it is possible to obtain weekly clear¬ ings will be 17.0% above those of the corresponding week last year. Our prelim¬ inary total stands at $16 101,114,116 against $13,762,784,386 for the same week in 1946. At this center there is a Our com¬ gain for the week ended Friday of 37.4%. Third Federal Reserve District- + 37.4 642,347,019 555,797,834 + 15.6 708,000,000 + 483,743,918 1 $6,335,474,717 1,003,000,000 Philadelphia 380.547.755 + 27.1 254.208.756 245,400,000 + I Philadelphia Reading 346,637,000 333,945,000 + 299,392,789 198,817,326 314,860,496 224,023,333 217,571,869 162,407,716 $12,595,757,829 $9,398,622,437 2,274,978,570 York 828,658 2,290,502 + 13.6 3,354,400 1,995,458 3,507,880 + 13.7 3,277,098 3,491,737 1,677,724 + 39.8 1,767,628 1,871,699 2.8 1,953,091 7,071,136 2,230,051 3,535,073 (11 3,638,476 6,756,420 ... 5,092,536 5,564,786 5,764,016 856,574,759 cities) 728,142,466 — + 32.7 3.5 8.107,400 10.45L300 17.6 755,910,722 828,202,909 — + $15,302,763,588 $11,673,601,007 Federal Reserve District—Cleveland— 5,499,632 4,835,263 + 13.7 155,454,501 125,410,924 + 24.0 115,539,964 151,548.442 277,397,440 245,206,472 + 13.1 224,883,223 24,416.200 21,692,900 + 12.6 18.824,800 252.865,983 j 24,875,200 t\ 3,276,463 4,038,479 + 12.5 5,076,457 + 25.7 4,433,721 3,834,617 251,215,775 214,010,463 + 17.4 240,638,488 284,863,559 722,746,317 — Cleveland 618,470,964 +16.9 611,522,350 724,295,122 Columbus Mansfield Youngstown Pennsylvania—Pittsburgh + 19.0 + 31.1 J. Total all cities, five days All cities, one 3.8 Total (7 Cities) day 798,350,528 West 4,439,465 2,762,689 3,921,053 t! 2,387,268 Total all cities for week Reserve District—Richmond— Virginia—Huntington 2,377,319 Richmond Carolina—Charleston Maryland—Baltimore of +17.0 Total next week. We cannot furnish them are + 18.0 9,041,000 8,208,000 + 18.0 97,578,971 91,213,442 2,603,560 today, inasmuch as the week not available at time of going to press. 2,437,596 185,114,038 155,060,734 54,873,107 50,635,103 367,764,883 314,010,917 Columbia—Washington. (6 cities) Complete and exact details for the week covered by the foregoing will appear issue of + 32.5 8,378,000 95,705,722 South —61.8 2,089,183,379 $16,101,114,116 $13,762,784,386 Saturday and the Saturday figures 1,793,762 9,886,000 112,910,859 Virginia—Norfolk District the elaborate able to Nov. detailed statement, however, which present further below we give final and complete results for the week previous 29. For that week there was an of increase — the week 13.5%, the aggregate of clearings for the whole country having amounted to $12,686,483,246 against $11,179,926 208 in the bank same week in 1946. Outside of this clearings at this center having recorded Sixth Federal gain of 10.5%. We group the 1,722,474 6.8 2,396,582 2,450,769 + 19.4 167,275,406 219,733,446 8.4 65,273,396 63,952,427 +17.1 342,985,099 387,280,558 + + Reserve District—Atlanta- Tennessee—Knoxville 12,708,813 53,993,559 178,200,000 Augusta 3,317,493 + 20.2 8.7 10,725,406 42,847,949 14,137,717 45,039,315 + 27.8 159,800,000 145,300.000 + Alabama—Birmingham + 2,461,375 + 14.6 2,289,132 1,883,143 62,065,075 + 9.7 62,807,493 48,021,602 76,203,741 T Mobile 3,055,563 2,820,269 68,059,739 Macon Florida—Jacksonville 66,853,606 + 14.0 68,128,756 63,165,879 5,107,611 Mississippi—Vicksburg Louisiana—New Total 10,574,888 58,714,429 227,700,000 Georgia—Atlanta (10 4,708,618 + 444,707 101,519,734 + 563,661,692 cities) 325,797 108,585,390 Orleans city there was a gain of 16.8%, a 1,419,744 « Nashville Accordingly, in the above, the last day of the week in all cases has to be estimated. the + 2,601,933 Fifth Federal ended 2,508.311 803,000,000 1,220,451 645,347 2,344,786 + 34.0 2,707,005,759 Ten cities, five days In 2,146,233 726,000,000 605,244 888,650 + 34.0 Other cities, five days are 6.8 + 17.8 699.739 3.9 + 50.5 3,988,098 Scranton + 40.5 Baltimore we 2,517,534 701.000,000 + 15.7 — + 50.6 Cleveland our $ 662,584 826,000,000 Wilkes-Barre Cincinnati 18.1 Pittsburgh in 1944 2,668,315 Lancaster Fourth + 16.3 289,700,000 San Francisco ends $ 939,955 1,051,259 Ohio—Canton 41.7 295,762,864 St. Louis 1945 % 1946 1947 $8,702,741,874 Chicago or 997,348 New Jersey—Trenton Week Ended Dec. 6 Nov. 29 Inc. Dec. % 1,010,134 Chester Total Boston 1,087,866 Bethlehem Clearings—Returns by Telegraph New York $ -Philadelphia— Pennsylvania—Altoona Delaware—Wilmington parative summary for the week follows: 1946 $ Bank 1947 45 8.6 8.5 2,906,014 3,974,319 3,020,011 5,002,639 + 36.5 266,566 322,319 7.0 94,393,493 95,880.555 483,758,215 +16.5 448,139,128 421,773,180 cities according to the Federal Reserve Districts in which they are located and from this it appears a Reserve that in the New York District (including this city) the totals show 10.5%, in the Boston Reserve District of gain of District of and in the Philadelphia 15.7% In the Cleveland Reserve District the totals 17.6%. are larger by 16.9%, in the Richmond Reserve District by 17.1% and in the Atlanta Reserve District . of ment In the Chicago Reserve District the totals record an improve- by 16.5%. 10.5%, in the St. Louis Reserve District of Reserve District of 21.0%. 24.8% and in the Minneapolis In the Kansas City Reserve District the increase is 9.4%, in the Dallas Reserve District 31.5% and in the San Francisco Reserve District 18.8%. Seventh Federal Reserve Michigan—Ann District—Chicago- Arbor 1,071,415 917,765 + 16.7 557,028 914,832 Rapids Lansing Indiana—Fort Wayne 8,962,323 7,301,162 + 22.8 6,775,040 6,574,098 Grand 5,108,061 following we furnish a summary 20.0 1,046,692 4,816,860 5,568,481 4,357,550 + 27.8 3.403.641 3,685,736 44,125,000 39,532,000 + 11.6 35,225,000 5,714,217 3,940,373 + 45.0 2,852,823 Haute 36,019,000 3,918,085 12,891,397 11,288,608 +14.2 12,293,491 Wisconsin—Milwaukee 10,939,128 45,759,082 39,784,375 + 15.0 36,810,729 40,121,911 3,009,625 3,045,153 1.2 2.107.642 2,152,175 22,617,107 21,184,745 6.8 18,125,955 17,013,587 12,173,266 8,900,967 + 36.8 8,908,297 South Terre Iowa—Cedar Des Rapids Moines Sioux City — + 6,561,085 1,196,305 + 21.2 977,984 667,296 598,249,000 + 8.7 594,312,626 640,807,245 2,956,295 Decatur Peoria 987,235 650,459,242 Chicago by Federal Reserve Districts: + Bend Indianapolis Illinois—Bloomington In the 4,258,362 2,321,770 + 27.3 2,342,655 2,612,215 11,947,101 Federal Reserve Districts Id 12 CLEARINGS 1946 1945 Inc. or $ $ 12 cities York New BANK 1947 lit Boston 2d OF Dec. % % + 28.4 9,733,235 8,958,506 4,260,187 3,570,141 + 19.3 2,655,749 3,412,910 2,644,414 + 29.1 2,807,410 2,763,847 2,720,771 841,232,014 761,587,062 + 10.5 740,935,997 791,246,377 219,500,000 1944 % 502,101,407 433,878,214 +15.7 511,683,235 6,037,231,650 +10.5 8,283,464,555 8,135,951,194 Total cities) (17 638,832,885 6,673,326,395 " 9,303,442 Rockford Springfield SUMMARY Week Ended Nov. 29 Eighth Federal Reserve District—St. Louis— 11 " 856,574,759 728,142,466 + 17.6 755,910,722 828,202.909 4th Cleveland 7 " 722,746,317 618,470,964 +16.9 611,522,350 724,295,122 207,200,000 + 18.7 206,100,000 Kentucky—Louisville 97,931,222 5th Richmond 6 " 367.764,883 314,010,917 +17.1 342,985,099 387,280,558 75,885,906 + 29.1 78,876,288 Tennessee—Memphis 78,680,324 111,344,504 81,774,554 + 36.2 63,902,319 «th Atlanta 10 " 563,661,692 483,758,215 +16.5 448,139,128 62,651,708 421,773,180 Illinois—Quincy 1,950,178 1,290,210 + 51.1 1,447,310 1,086,466 17 " 841,232,014 761,587,062 + 10.5 740,935,997 791,246,377 4 " 457,125,904 366,150,670 +24.8 350,325,917 361,918,498 457,125,904 366,150,670 +24.8 350,325,917 361,918,498 Philadelphia 7th Chicago «th St. — Louis 9tb Minneapolis 7 " 330,046,116 272,779,418 +21.0 248,151,120 Kansas City 10 " 408,224,468 373,099,432 + 9.4 329,974,224 313,607,907 6 " 252,629,924 192,119,351 +31.5 188,997,909 159,620,334 10 " 711,049,367 598,697,849 + 18.8 588,735,396 615,977,935 Louis 245,900,000 Total (4 Ninth Federal Reserve cities) 241,121,517 10th Missouri—St. tlth Dallas 12th San Francisco 113 Cities Total 12,686,483,246 11,179,926,208 +13.5 13,400,825,652 13,619,828,416 6,220,136,135 5,327,384,867 +16.8 5,310,101,034 5,712,867,131 5,437,059 6,368,231 —14.6 5,226,815 4,373,861 219,970,118 186,773,063 + 17.8 167,727,137 84,496,512 Minneapolis St. Outside New York city District—Minneapolis— Minnesota—Duluth 61,538,598 + 37.3 59,176,556 154,853,568 67,390,861 Paul North Dakota—Fargo South Dakota—Aberdeen 5,601,373 now add our detailed statement showing the figures for each city for the Total + 2.9 4,857,080 4,873,869 2,687,958 3,339,488 + 8,579,034 6,627,597 + 29.4 6,262,697 5,609,611 330,046,116 272,779,418 +21.0 248,151,120 241,121,517 Helena We 5,444,483 2,330,867 3,631,153 Montana—Billings (7 cities) —13.3 2,122,520 1,776,575 8.7 2,778,315 2,243,172 week ended Nov. 29 for four years: Week 1947 Nov. Inc. or 1945 1944 Reserve District—Kansas City— Nebraska—Fremont 383,537 Hastings $ $ 230,178 1,923,636 1,394,769 + 37.9 4,087,496 3,799,909 + 427,065,383 366,668,074 + 16.5 441,450,900 571,201,573 1,664,846 1,397,676 + 19.1 1,084,625 1,374,378 696,767 622,151 + 12.0 439,224 740,386 1,888,527 1,506,426 + 25.4 1,334,364 1,843,329 Springfield 6,391,391 5,493,841 + 16.3 5.575.626 4,582,151 4,231,627 + 8.3 3,842,770 18,526,095 + 11.9 19,621,175 18,170,583 9,949,082 8,701,403 + 14.3 7,570,576 7,854,942 21;996,400 20,286,500 8.4 24,543,400 21,448,400 1,117,087 1,249,743 —10.6 1,177,712 1,258,883 502,101,407 433,878,214 +15.7 511,683,235 638,832,885 100,529,536 83,982,724 + 66.6 210,337 143,577 0.3 312,032 284,972 + 11.0 5,097,552 4,496,551 + 19.7 83,767,872 70,050,002 — 3,432,975 20,738,641 392,107 4,559,259 5,446,610 Worcester 390,898 5,059,969 Omaha Dec. % $ Federal Reserve District—Boston First Federal 29 Lincoln $ Clearings at— Tenth Ended 1946 Maine—Bangor Portland — Massachusetts—Boston Fall River—, Bedford New Connecticut—Hartford New Rhode New — Island—Providence- - Hampshire—Manchester—.— Total (12 cities) Second Federal New — Haven — York—Albany. 5,106,633 York Rochester Syracuse 10,065,659 10,705,402 6.0 11,905,951 2,894,244 2,124,557 + 36.2 1,651,193 1,628,835 58,392,244 + 21.7 59,798,686 67,164,955 1,263,731 9.0 914,571 1,211,807 1,601,073 1,576,520 6,466,347,111 5,852,541,341 15,924,651 14,652,522 8,254,403 9,454,296 + 36.4 513,846 582,739 —11.8 488,299 627,417 40,138,831 37,477,982 7.1 43,530,654 42,062,717 I Connecticut- Stamford Jersey- ■Montclair. Newark __ Northern New Jersey. (12 cities) 12,899,193 41,488,931 6,673,326,395 1 ' 40,205,913 — + — 4.8 1,118,122 St. Joseph 1,569,098 8,090,724,618 7,906,961,285 8.7 12,501,188 16,677,065 +10,3 7,239,287 6,311,090 7,754,332 7,799,943 + + 3.2 + 10.5 45,837,654 8,283,464,555 2,920,749 260,321,900 + 5.7 218,880,289 7,326,194 219,598,867 8,787,688 + 9.2 7,829,778 6,807,055 1,512,341 1,466,333 + 3.1 1,116,928 + 30.9 1,779,353 1,276,063 1,041,412 408,224,468 373,099,432 + 9.4 329,974,224 313,607,907 4,540,616 155,153,000 + 5.3 3,318,430 4,126,830 211,753,000 + 36.5 155,355,000 127,094,000 21,048,910 (10 cities) 20,760,526 1.4 19,186,206 16,801,341 938,528 Eleventh Federal Reserve District—Dallas- Texas—Austin 4,779,289 Dallas Fort Worth Galveston + 4,359,000 3,098,000 3,013,000 + 15.8 1,673,109 1,838,814 5,801,967 + 39.4 6,367,164 6,746,349 252,629,924 (6 cities) + 20.5 2,246,242 8,088,739 . 3,617,000 2,600,986 Falls Louisiana—Shreveport 192,119,351 + 31.5 188,997,909 159,620,334 79,755,949 123,286,445 Twelfth Federal Reserve District—San Francisco Washington—Seattle 114,999,836 Utah—Salt 85,862,288 + 33.9 3,310,249 3,809,257 —13.1 3,429,428 . 127,268,306 83,990,451 + 51.5 83,354,773 96,120,296 . Yakima 54,430,157 44,061,938 + 23.5 38,539,677 33,116,505 8,775,166 . Oregon—Portland Lake City California—Long Beach Pasadena 8.652.151 7,955,770 + 8.8 Francisco San Jose > — 6,530,391 + 6.3 6,016,306 5,384,540 374,925,000 347,380,681 + 7.9 351,444,453 330,224,000 9,147,217 9,082,260 + 0.7 9,430,595 8,866,177 Santa Barbara 3,818,846 3,148,911 + 21.3 2,900,806 2,632,553 Stockton 7,555,088 6.875,902 + 9.9 6,055,013 4,630,656 711,049,367 598,697,849 + 18.8 588,735,396 615,977,935 12,686,483,246 11,179,926,208 + 13.5 13,400,825,652 13,619,828,416 6.220,136,135 5,327,384,867 + 16.8 5,310,101,034 5,712;867,131 Total __ (10 cities) _ 44,011,644 8,135,951,194 7,808,396 2,941,597 6,942,517 __ San Grand Total (112 cities) 6,037,231,650 4,523,331 6,297,617 1,461,881 Colorado—Colorado Springs Pueblo Total 4.1 275,053,498 City + + 25.0 9,600,394 Missouri—Kansas 5,121,935 7,120,380 39,925,338 + 10.5 + 5,334,301 8,898,113 Wichita Total 9,107,545 Jamestown Kansas—Topeka Wichita 1,377,410 Elmira Total 3,807,560 954,193 71,067,901 Buffalo New + 1,235,303 Reserve District—New York— Blnghamton New • 7.6 Outside New York —.. figV 4G THE (2350) of statement condition weekly reporting mem¬ System in leading cities shows the following principal changes for" the week ended Nov. 20: Increases of $225,000,000 in loans, banks the of Federal Reserve $360,000,000 in demand deposits adjusted, and $236,000,1000 in borrowings, and a decrease of $564,000,000 in de¬ mand deposits credited to domestic banks. Commercial, industrial, and agricultural loans in¬ in the Philadelphia District, $18,000,000 in New York City, and $53,000,000 at all reporting creased $24,000 000 member banks. brokers Loans to and dealers for pur¬ chasing or carrying government securities increased $84,000,000. Loans to brokers and dealers for purchas¬ ing or carrying other securities increased $40,000,000. Holdings of Treasury bills decreased $79,000,000 in -New York City, and increased $27,000,000 in the Chicago District and $22 000,000 in the Kansas City District; the net decrease at all reporting member banks was $20,000,000. Holdings of United States Government bonds decreased $35,000,000 in New York City, $32,000,000 in the Boston District, $20,000,000 in the Philadelphia Dis¬ trict and $81,000,000 at all reporting member banks, and increased $17,000,000 in the Richmond District. Demand deposits adjusted increased $131,000,000 in New York City, $107,000,000 in the Chicago District, and $46,000,000 in the Cleveland District. Time deposits de¬ creased $56,000,000. Demand deposits credited to domes¬ tic banks decreased in all districts, the principal de¬ being $180,000,000 in New York City, $75,000,000 creases in the Chicago District, and $57,000,0G0 in the Dallas Dis¬ trict. and P. W. Paper in New York Serial dollars) of Inc. ( Dec Nov. 26, + ) i—) Since Nov. 19, Nov. 27, 1947 American Investments-•total 1st lien brokers to dealers and 225 + — Canada for 1 1835 Steel 1 1885 5% li2142 S. 1st lien ref. Power Corp., income Terminal 1st & gen. 453 Jones & 1st + 40 21G2 2102 1945 Ja.i 1 Dec 1950 1579 15 Jan 1 1890 —-Feb 1 1890 bonds, due 1967+ Jan 1 1391 bonds, ser. A, B and C, due Steel Corp.— 1967—Jan 1 1891 26 2210 mtge. Laughlin Dec Dec Vernon-Woodberry Mills, Inc.— 20-year 4% debentures, due 1966 New 1st Gas consolidated York 1st Gas 31 1790 Dec 20 1995 Co.— mortgage 5s, due Electric & mortgage Purchase 1948 Light, Heat Any time Power & CO.r- due 1948+ bonds, due 1949 4% $2004 Anytime $2004 Anytime $20j4 mtge. bonds due 1950—Jan debs, due 1959.1jan 1 1 1996 Puget Sound Pulp & Timber Co., 6% preferred stock—Jan Saginaw Shrine Temple, 1st & 2nd mtge. bds., due 1952_Jan 1 1792 1 * Theatre 2 1260 American Refractories Properties Co., 6'/2% (Hamilton), Ltd., 1st mortgage 5s__-Jan United Merchants & Manufacturers, Inc., 5% pfd. 2 23 2216 issue Corp.— Jan tVol 165. 1 995 flVol. 164 Other 433 1 Brooklyn Co., Development Athenaeum University on & Patent U. 1 55 6'/2 14* 20 3.793 28 o 1.997 32 Glass Co., Corp., ($300 ($50 common ($10 common pari— 81 $370 lot pari pari Building Development 1% Co 83/4 BONDS $1,500 Bellevue 500 The Hotel Boston Co., Banks Reserve Jan. 1, 2 800 17 (Continued from page Name of Company + 360 + 56 — 1,129 + + 12 — 1,231 577 2,710 564 9.526 + 1 + 32 437 + 236 + 273 Borrowings demand to 42 1,378 banks interbank deposit and S. U. except accounts, accounts Govt, 37'/2c Products Corp. (quar.) 10c 10c Steamship International 7% Corp. preferred 7% of Canada, (quar.) preferred ($5 Co. Mills Investors Investors Management Coal preferred Jamestown Co. will 6% preferred including and list of corporate a stocks common those called under called bonds, notes, for redemption, sinking fund provisions. The date indicates the redemption or last date for mak¬ ing tenders, and the which the details number gives the location in page given in the "Chronicle." were 1st pfd. $6 (quar.)-. Company and Issue— American General Date Corp., common stcck Dec Dec Page 31 29 1469 Commonwealth Apartments. Inc.— bonds, due 1949 4-4Vi% Co. Consol. mortgage South Grand Income 3% -6% Dec. Dec * 15, 2211 22 2106 3.80% series A, due 2030_Dec 15 1996 Building Co.— leasehold mortgage bonds. Dec 16 * Maine and 1st Chicago Page Parchment Power, 5% (irreg.) (Walter) & Indiana Western series M, due 1972_Jan (Johni, 5% ' sterling income debentures..., Cleveland Graphite Bronze Co., 5% preferred stock Cooper-Bessemer Corp., $3 prior preference stock Eastern ? 1st New York Power mortgage 3'A %' 31 * 2208 9 2102 & Corp.— Jan 1 1 5% debentures, 4 '/a% bds._Jan due 1961 Dec 15 2105 1st mtge', bonds, due 1954—Jan 1 1892 * Ref. mtge. 1st mortgage Union Oil United West and collat. Counties Co. Gas 3s. of Wallpaper due trust Co. 3Vi 4 of Inc., 7', 1971..' 4% , , 1970-Dec 29 V t. —....—..Dec debs., due 1967.———Jan 31 * 2215 Little Co. 2216 2216 Locke Loew's 1- 2 12-15 1- 3 12-12 12-15 12- 4 3- 1 2-14 1- 2 12-15 12-30 12-19 12- 11-2) 5 2 12-15 75c 12-19 12- 35c 12-15 11-30 35c 12-15 11-30 12-15 11-30 6% pfd. (s-a) . 12-31 12-20 $3.75 12-15 12-10 75c 12-19 12-12 15c $25c 12-31 12-10 (Ont.) Co. 2 12-15 1- 2 12-19 $8c (interim) 1- 5c — 2- 2 12- Ltd. ' (quar.) prior pfd. 12-10 12-13 1- 2- 2 1-15 1-15 1- 6 37'/2C $2 12-22 11-28 12-15 11-29 — 15c __ 12-13 12-12 11-29 12-12 11-29 12-12 12-16 '60c 11-29 12-12 11-29 (quar.)_ 17'/2c 12-20 12- (quar.)_ 37'/2c 75c _ $1 _ Inc., 6% Navigation pfd. RR. & 75c quar.) Ltd. 1 1- 5 12-12 12-15 (quar.)—. 40c $$1 1- .12-12 2 ;12-15 12-31 12-10 10-31 2 12-12 1- 1 12-20 1- 1 12-20 12-19 $2 1- 2 12-13 15c 1- 5 12-20 1- 2 12-15 1 3:$ 1.25 2c 12-15 12-24 12-15 12-24 12-10 40c — '12-24 3c 18c Trust < year-end»._ 12-24 12-10 10c 1- & 2 12-15 25c 12-10 35c (quar.i 12-22 12-26 12-18 50c & Co., Corp Johnson 12-13 $1 class 12-18 12-31 12-18 50c 12-23 12-12 50c (initial). B 12-26 88c . 12 23 (year-endl.. 12-11 Co., 1- 50c 2 12-15 12-20 12- 8 15c (quar.i.. common (s-a) Distillers, 1- 2 12-15 25c 1- 2 12-15 1- 2 12-15 2c Ltd.— preferred 330c 12-31 12- 2 J30c Hat 12-31 12- 2 12- 1 11-26 $1.12 V2 12-31 12-22 30c 12-19 lCc 12-20 12- 1 15c 12-15 12- 1 75c 12-22 11-25 12-19 (s-ai Corp. 25c (quar.) Disintegrating Co., Inc.— preferred Michigan Michigan (quar.i Building Co. (quar.i Paving Brick Steel Casting Surety Co. (year-er.di (s-ai Manufacturing Co., 7 Vic (quar.i Millcv-Wohl Co., convertible Mitchell Gas Mass.) Light, S.i (J. Mfg. preferred Co., Co. pfd. 7% Ltd. A Life Insurance Portland 12-15 12-10 1- 2 12-15 1- 2 12-15 1- 1 12- 1-15 12-15 1- 12-24 8 $1.75 2 Mills— $3.37 >/2 12-20 12-10 $3.50 12-20 12-10 (s-al preferred 1 1- 320c (quar.)__ (s-ai Corp., 5 12- Inc.— (quar.) preferred 12- 12-15 20c (quar.) Vernon-Woodberry preferred 12-15 348c Ltd. Co. Consolidated, preferred 2 12-15 $1.05 common (quar.) Locomotive Works, Telegraph preferred $7 iquar.) $1.75 — 3- 1 2-14 12-20 12-10 (s-al $3.50 (quar.) $1.75 9- 1 8-14 $1.75 12- preferred preferred (quar.) Ohio Mfg Inc., System, preferred Mutual (quar.) Telephone Co. (Hawaii) Nathan 11-15 12-22 12-15 12-22 12-15 4c 1-15 12-31 37 Vic 1-15 12-31 15c common 1 40c $1.50 Murray 6% 11-26 2 Co.— Cafeterias Mutual 1 1- 12-20 5 35c Midwest Morrison 7% 12- 1- 25c preferred Mfg. 12-17 (Springfie.d, (accum.i Utilities, 7"r. 2 12-19 Co.— (accum.) Mullins 1- $1.25 Cement preferred $6.75 12-17 25c (s-a) preferred 7% 2 375c (quar.) (quar.) Portland Monolith 1- $1.75 iquar.i__ 1-15 56 '/4C (quar.i 12-29 20c common 12-29 2'Ac iquar.i_; ' A Milwaukee 12-12 15c common Extra 12-12 11-28 Straus-Duparquet— convertible 6% Nation-Wide preferred Securities Aviation National National _ (quar.i 37'/2c (quar.) Inc. Breweries, Ltd. 7% City Bank (N. Y.) pfd. Discount (initial 1 quar.i National Gas National Glass & 2 1-16 11-29 12- 5 Linen Inc., Service 12-10 12-10 4- 1 3-15 4- 1 3-15 $1.12 Vi _J 4- 1 (initial 3-15 5c Ltd. Corp. quar.i 1-12 12-31 +37'Ac (quar.) 1-15 12-14 25c , 1- 50c Co. 12-10 12-15 15c (quar.) Special Tea 5 1- $1.25 (quar.) National Stamping Co. Supply 12-15 12-19 15c (quar.) Car 11-29 12-29 12 Vic (quar.) com. preferred Steel 11-29 12-10 30c common preferred 12-10 $1 & Co., convertible National 2 $1.25 Stamping (year-endi Electric Corp. (year-end 1__ preferred (extra) 2 12-29 37 Vic 1- 12-16 12-16 Transit Union Pump Fire England New England Electric Fund— Certificates System beneficial of 12-22 12- 8 12-22 12- Insurance Initial New 12-16 20c Machinery Co.._ (Pittsburgh! & 2 35c National National New 12- 12-10 25c (quar.) Enameling National 12-10 75c preferred National 12-15 12-22 343c — quar.i Extra 4V2 'h 12-15 12-24 80c Corp. com. National 5% 2 20c (Md.) National 6% 1- 12 Vic Cc., Corp. National (quar.i int. 25c (year-end) 1- 12-15 12-24 15c _ 2 2 12-12 Eng'.and Gas & Electric Association— 4'/2% ,-convertible New preferred (quar.) England Powef Co., 6% pfd. iquar. New Hampshire Fire Insurance'(quar.i New Jersey New York $1.12 V2 1- 2 12-16 $1.50 1- 2 12-19 50c 1- 2 12- $1 1- 2 12-12 $1 1- 2 12-12 ' Power & Light Trust Co. 4% pfd. Cash dividend Stcck 40c Light & Co. Power Brass B 4.40% $5 Old class Co. Co. 12-13 2 12-18 12-27 12-17 preferred prior Co. 4'/2% preferred Service non-cum. Line Life pfd. Insurance (quar.) Ontario 12-12 1- (quar.) Co. 8 12-15 12-22 12-10 12-22 12-10 12- 5 12- 1 ~ $1.25 of 2 12-8 12-15 $1.25, $1.50 1- 2 t America20c : ; Corp.,, 8% preferred & Debenture Co. Co. 6 (quar.) preferred Plantation 12-19 12-12 1- 12-12 1-2 12- 9 $1.50 ______ 12-20 12- 8 315c (quar.) ' 1- (year-end.)) 90 c - '?■ :W '-if ~£ 1 12- 8 1- $$1.25 Co. 2 $$1.25 (quar.). Sugar 12-12 $2 (quar.)_____ pfd., (quar.) Ottawa Light & Power, Ltd. com. 12-19 20c .1— Loan Elevator Paauhau 12- 12-31 $1.12 Vi Extra Omnibus 12-24 $1.10 (quar.) Holding— preferred 12-24 75c (quar.) 12-17 11-28 75c (year-end) 12-27 12-15 50c A com. Quarterly 5 4 2 1- 25c Ohio Forge & Machine Corp. Ohio 12- 1- 45c (year-end) (year-end) Finance 5% Ltd. Co., Edison Ohio 12-24 35c Sugar C'ass Ohio 12-26 50c Extra Ohio 12-15 1-15 325c iquar.) Novadel-Agene Corp. (quar.) Nutrine Candy Co. (quar.) Oahu 12-30 25c (initial) com. Co.— (quar.) dividend Scotia Nova 8 20% Leather :Northwcstern 1 quar.i (quar.i Noblitt-Eparks Industries, new Otis 1-15 5 1- 25c preferred <quar.)_ Publishing (year-end) Steel 8 12- 50c V2'/, 2 3- 12-22 Coal . (increased 2- 5°. 12-15 20c •_ preferred $7 12- 5 Fund— Second Investors participating $7 2 1- 20c E.x„ra 4 1- t25c _ ; (Arthur G.) 3 44/5C (special) convertible McKee 11-29 12-12 87'/2c J.). (Marcus)' Theatres, 11-21 12-24 37 Vic (quar.)— 12-10 15c 25c (quar.) (quar.) Chain 2 12-23 50c common preferred —— Steel $25c 60c (quar.)__ (quar.i— : 12-10 96'Ac ; Schuylkill 12-15 12-20 60c (extra) common 12-22 50c participating (s-a) 12-15 12-15 50c _ :_______ Co. 2 2 50c — (quar,) Corp., (Thomas 12-15 1- 1- 12-22 $1.50 common (extrai Sons, 4 — $$1.50 Corp., preferred 5 25c Sons, Service Extra- 12-15 1- Lindsay Light & Chemical, 7% pfd. Llpton , 1. preferred stock —Dec 15 debentures, due 1961-~-W-Jan ' 1 conv. Disinfecting Co., '2^ % 7% 2 37'/2c Co. (quar,)Telephone Co. (quar.) Life & Casualty Insurance Co. (Tenn.) Quarterly Lima-Hamilton Corp; (initial quar.) 6% 1- (quar.) Wi'.kes-Barre Link-Belt bonds., due Calif.—; California, 3 (7- & & Extra Pennsylvania Water & Power Co.— Southern 12-16 12-31 (increased) Extra $3.50 12-12 12-15 Investment Co. Extra bonds. due 1961 2 12-15 _ Realty & Lincoln 1- 2 (quar.) preferred Lefcourt 30 12-12 2 Lexington Dec Fullerton-Portsmouth Bridge Co.,. 2nd mtge. Mading Drug Stores Co., Metropolitan Ice Co.. 7% (John A.) (James) * Dec 12-10 12-12 1- (year-end) Ltd. Machine * Jan 12' ■23 12- 19 $$1 1 Chilean Nitrate & Iodine Sales Corp.— 12-10 1- Corp. of Delaware, preferred (s-ai Lehigh series D, due 1962_Mar 12- •24 75c Gas 2 RR.— 1 12-15 37'Ac Co Loan Lees 12- 2 42c Semi-annually Lang 1 B class A Lamaque- 2207 1- 12-15 12- 12- 19 5% Light Co Gold Mines, Ltd. 1 12- 15 12>/?c (stock dividend) Corp. Kut-Kwick Tool'.Corp., A.Jan 2 $1.25 (quar.i B-l 3.85% refunding mortgage 4 Vis, 12-31 (quar.)+.______ Ltd, Company (quar.) McBryde Sugar Co., Ltd McCrory Stores Corp., common National Knott 6% 1- 12- 15 95c pfd. Corp.— convertible Landis 5 15c (quar.)__ (quar.)— Kirby Lumber Co. 1349 5 1- 60c Company (year-end) Keystone Custodian Funds Series K-2 Special 31 1- 2 $1.50 $1.50 preferred (s-ai_. Kelsey-Hayes Wheel, class Dec Power Co.— general mortgage bonds, & end 1st Date Y.) Investors Year-end 5% (quar.) Lamson Company and Issue— Algoma Central Terminals. Ltd.— 1st mtge. 5% deb. stock and bonds due 1959— Bolivia Ry.. 5% mtge. & collat. trust inc. bds., ser 2 2- $1 Extra PARTIAL REDEMPTION 2- $1.25 (James R.i (cash dividend) Laclede 9 $1.50 Lambton bonds, 12- Corp.— Common Common Series 12-10 Power & Light Co.— Electric Kearney 11-29 35c (year-end) (irreg.) (year-end) preferred Kansas Labatt 1 12-16 35c Fund com. Vegetable Kansas City Kidde Logansport Distilling Co., Inc., common stock National Union Mortgage Corp.— 20-year collateral trust bonds, ser. A. due 1954 Philadelphia Transportation Co.— 1- 12-19 $1.50 (quar.) A preferred Tea $1.50 TENDER OF 12-10 50c Kerite NOTICES 12-17 11-29 1- 12-23 75c + (quar.) preferred Kalamazoo be found 2 12-10 t83/4C Fund Co. Telephone 5% Below 2 50c Creek Jewel 1- t$l-75 Extra Notices 12- 25c (s-a) Year-end (quar.) (increased) (quar.) Management $6 1-15 $3 Telephone Island Payable of Ree Ltd.— +_+ par) Shoe Hosiery Holdert $1.25 (year-end) Co. Extra Redemption Galls and Sinking Fund 12-19 5c Montreal When 60c Co. Nickel International (San Francisco District.) revised figures $1 Co Iron Interstate 19 12-24 25c McBee Mount (quar.) 20c (John) Interstate 21,762 during week 12-10 1-15 receipts A interim) Corp. (year-end) Co. Massachusetts Montreal common Extra Inglis Interlake Interlake Interbank demand deposits: Central $o0 lot 14) Share Indianapolis Power & Light, 4% preferred (quar.) 14.458 609 $65 flat Reg ilar Per Industrial Wire Cloth Foreign Oil $4.20 16 47,982 12-10 12-31 25c c'ass A Extra 7: 8% 39 135 12-20 (Los Massachusetts Monolith 742 2,326 2 Angeles), com. (quar.)_ $1 preferred A (quar.) Marlin-Rockwell Corp., common (year-end) Common (irreg.) Martin-Parry Corp. Marven's, Ltd., 5% preierred (quar.)_ .7 8% 292 1- Communications, Ltd. Montana-Dakota Liabilities- ; 1960 1945 226 41 banks domestic with Balances ♦Nov. 6s, July 4s, 12-31 12-31 deposit Monarch Income Deb. o 4,219 Federal Cash in vaults Debits 2nd City Club 733 12,458 Other securities (N. Cog Marine Basket 4V2 'it 200 339 indebtedness Trust Midland Market Class 38 Massachusetts Brooklyn 12-31 HV2C Milling. American Marine 40'A 2,961 30 913 with Leaf Miller 275 par) 83 1,021 notes bonds S. Maple Marconi Inter. Metropolitan par) Process 463 989 3,367 Treasury Reserve Manufacturers Metropolitan 50 ($50 12-31 1-15 75c (quar,) Corp. (year-end) 275 Stamped 12-15 1-15 31'/4C (quar.) $100 lot par) Co. ($300 Athenaeum Boston $ per share ($100 common par) Window 1-20 1-15 II2V2C Manhattan Financial Corp., Class B Wednes¬ par) ($50 Associates Plate Standard 8 Co. Athenaeum Boston Boston 75 ($300 12-15 37 '/2C com.__ Co. Car 4% STOCKS Rivet 16 bills of Magor Metals Standard 523 13* 235 certificates B Merrimac Wa'.worth-English-Flett 1 loans Other Class Me'.chc.s by R. L. Day & Co., Boston, Boston 60 28 3,380 (Ky.i, (quar.) Magnavox 6% 3:853 6 487 loans Loans to banks Treasury Treasury A Modine securities Real estate Class McLouth Auction Sales 120 1-17 1-20 $1.25 Co. par)—. Extra 3,033 4- Electric ($100 Publications, Inc.— ' $1.50 participating preferred (irreg.) MacMillan (H. R.) Export Co., Ltd.— Mead Shares 2 25c & Extra this 12-17 37'/aC (quar.) Gas McGraw-Hill Other loans for purchasing or carrying: U. S. Government obligations B 12-17 1- -2 2- 1- — preferred ($25 par) Ludwig Baumann & Co. (see Bauman Ludwigi * Dec Co., c^ass A stock Welsbach Engineering & Management Collateral trust 5s, due 1953 in 1687 stock-Jan Warren Brothers 1,270 — (Dei.) (quar.) preferred Mascot , 5 %' bonds, money Niagara Falls Hotel Corp., 4'/2% North Electric 2 $2 (quar.) + Amsterdam New & , mortgage 3Vis, series C, due 1961— Lines, Inc^, $2.50 preferred stock Mount ■f 84 472 * 13 31 Jan mtge. Moore-McCormack 3,745 obligations 2 bds._D:c debentures-Dec 1st conv. Co.— mtge. 50-year 5% Ref. & ext. 1 pur- securities 5Vi% Corp., 4V2 % Holder $ Payable of Rec $2 Macfaddon mtge. 5% bonds, series A, due ref. mtge. 5% bonds, due 1963 & Jacksonville 1 Government Other 1957 Rea.ty Corp., 4% debentures, dated (Joseph) Co., 6'% preferred stock Indiana Service Corp.— chasing or carrying: U. 1960 due 'When Share . 5% bonds, Forman & Gas A Class 5% due Home 1st preferred Louisville Jan Minnesota Foiiansbee 7 " (quar.) common $2 2nd Jan 1961 Power Northern Eastern 8% Louisville Consolidated Edison Co. of New York, Inc.— 3 Vi % debentures, due 1958— 5 4- of ser, Class mtge. bonds, mtge. 5% Butte Electric & + 53* 1989 7.■. Company Taylor, Co., 1st mtge. 5s, due 1951...Any time* Power Corp., Ltd., 7% pfd. slock.—Jan 15 ref. & 1st agricultural loans Loans + 14.267 and Industrial, 118 23,099 Loans—total Commercial + 65.042 31 & 2206 due 7 and 1936—Dec Lord 1 mortgage bonds, Atlantic Cisy Gas Co.— Aisets— Loans 1350 Jan General 1946 1947 1 day, Dec. 3: or Name of Page Jan _„ Extra A Transacted millions Monday, December 8, 1947 Per Date ~ • notes conv. City member banks follows: (in 6% & Light Corp.— stock, optional dividend Writing Paper Corp.— class of the assets and liabilities of reporting summary CHRONICLE American Cities Power $21,000,000 in the San Francisco District. A !.'■'< Inc., Co., •Announcement Borrowing increased $154,000,000 FINANCIAL Company and Issue— A. The & ENTIRE ISSUE CALLED Condition Statement of Member Banks ber COMMERCIAL 1 12- 8 12-12 12- 1 i >-■ r ir-s- -[ - ■" Volume 166 THE Number 4653 Per Name of Company Pacific Lumber Pacific Petroleum Co. Pacific Portland Pacific Public Pacific Share Ltd. 6 Co. 12-15 1-15 12-31 40c $1 1 1-15 $4 12-20 12-10 Tonopah Telephone $2.10 pfd. 53c 12-30 12-15 Toronto Traders Power 1- 2 12-15 1- 2 12-15 12-24 12-15 12-24 12-15 37'/2C $1 Perron Gold Mines, Ltd. (interim) Petroleum Corp. of America (year-endi Philadelphia Dairy Common $4.50 pfd. 1st 9 12-12 12-12 Union Bond 12-12 Union Bond Fund Bond Fund 2 12-15 Union Preferred 12-12 Union Common 12-15 12- $1.75 $2 Co. Co., Ltd. Laundry (quar.) 12-15 12-15 11-24 12-15 11-24 12-31 12-11 1- 2 12-16 35c Mines, Ltd. (interim) Washington Insurance Providence 12-15 12- 5 12-15 12- 5 13c 1- 9 12-17 25c Common non-voting Extra Original preferred Sound Pulp (quar.t & 12-23 12- 5 preferred iquar.) Raymond Concrete Drug Class Co. A Pile com. 5 Wagner Baking 9 T/o 12-23 12- 9 Wagner 12-23 12- 9 12-23 12- 9 1- 2 Textiles, Ltd. Motors class A Co. 12-29 12-11 12-29 12-11 Ward 12-15 1-10 1- 2 12-15 Wayne 1- 2 12- 8 Wayne 1- 2 12- 8 Weber 5 1- 2 Washburn 1-15 12-31 12-31 12-13 12-22 12-13 Class B i Rhinelander Rhodesian Paper 12-15 77c West 5 12-22 1- 1 12- 8 shares 2 12-15 12-26 12-10 30c iextra) $1 50c 1- 12-26 1- 2 12-10 12-20 12-30 1- 2 12-26 11-25 12-15 12- 8 10c Metal Robertson (P. Common $2.50 Co. L.) Mlg. Robinson Co., 4Vi% t50c (F. Co. 12-20 2- 2 1- 1 20c 1- 2 12-15 1- 2 12-15 12 >/2c 12- 1 11-15 31c (increased) 12-12 12-26 12- 8 J $ 1.75 com. 12-20 115c iquar.i C.) Preferred 12-20 1 Sl-12 '/2 pfd. series A iquar.) Royal Crown Bottling iquar.) Russell Berg Fund, Inc. (year-end) Russell Industries, Ltd., common iquar.) Russell 1 1- 110c Mills, Ltd. iquar.) Telephone Corp. com. (quar.) 1- 162 '4 c 1st preferred 5 12-12 Ltd.— (quar.) Cotton Rochester 5 12- 12-19 12-26 12- 8 35c 1- 2 12-20 $1.25 iquar.) 1- 2 12-20 preferred (quar.) 1$1.06 St. Joseph Light & Power, 5'r Electric Co. (quar.) Sangamo pfd. (quar.)_ $1.25 40c Extra 30c Sarnia Bridge Co., Ltd. iquar.) Co. $3.65 preferred preferred Selected com. 12-29 12-13 Leather (initial com. Western from capital gains 1 1- 2 3- 1 2-18 3- 1 2-18 12-12 2-11 12- 9 46c Ltd. class Dairies, A 12-23 12-12 12-10 12-10 115c 1- 2 12-18 12- 8 Ltd.— 1S1.25 ^ 55c 25c com. (quar.) 125c - (quar.) 150c 25c 1- 2 12-20 2- 3 1-30 1-20 12-18 12- Southern Penn Canada 1- Power Co., Ltd. Co. 12-31 12- 6 12-18 12- 6 12-29 12-15* iquar.) (quar.) 130c 2-16 $3.25 __ 12-15 12- 5 12-23 12- 5 12-23 12- 5 1-20 20c Fruit & Steamship, common <L. S.) Co. Stern Textiles, Special 4xhVc preferred Press, Ltd. Suburban Co. Assurance Co. of Co. 12-20 12-29 12-16 12-31 12-10 1- 2 12-16 1- 2 12-24 1- 2 12-15 1- 2 4- 56c com. (quar.) 1- 1 12-10 1- 2 12-15 12-30 12-18 $1.12 1- 2 1$4.25 1- 2 15c . America 12-10 15c Canada Extra 1 62'/a c common of 1- 50c (quar.) Co. 3-15 12-31 75c (year-end) pfd. 12-15 1 1-15 112'/2c (quar.i Propane Gas 5% McKee 2 12 '/2c (quar.i (initial) preferred Corp., preferred A Life 1- 25c Chemical $4.50 12-20 12'/2c (quar.) pfd. Stromberg-Carlson convertible 12-20 2 87'/2C iquar.) common 12-20 2 75c (quar.) Sterling Breweries Sterling Drug, 3V2% preferred Sterling Inc. Iquar.) 2 11- 25c (quar.) 1- 75c $1.25 preferred Participating & 12-16 $1 participating Starrett 12-16 12-31 25c ' Extra 12-31 50c Extra Standard 1-20 1-10 12-15 12- 2 12-15 12- 12-23 12-15 2 12-15 1- 12-20 12- 5 1936. Cable, Power i'6 in of a Cyanamid Special 3 Va 75 preferred American 50c 12-31 12-15 12-27 12-12 2 12-12 1- 2 12- 1 American & 67f American (quar.i _ 4'/275 American Fruit _ 12-20 American Gas 2 12-15 2 12-15 12-20 12-10 12-20 12-10 12-31 12-10 American Western Stores Grocers, Ltd., $1.40 12-20 12- 5 American Hide 12-20 12- 5 class A class Westmoreland, 12-19 $1.50 12-24 12-12 2 12-20 1-15 12-15 1-15 12-15 1-20 1 12-20 12-10 12-29 12-13 25c (quar.) 25c Coal 2 1- 50c Extra Westmoreland 2- 12-15 3c (quar.i Brake Inc. 675 Co $1 Extra 1- 2 12-15 12-15 5 Corp. 12- 5 1- 2 American 5 75 American Cement Mfg. Motors, Willys-Overland $4 50 convertible Wisconsin 4Vs 'it pfd. (resumed) Laundry preferred 3.9075 iquar.) American Maize 4V27<? Woodley Iron Co. preferred W.), Ltd.— deposit receipts (year-end) ence 2 12- 3 American Towne Mfg. Co. 12-23 American Potash 12-27 12-12 Class 12-27 12-16 12-27 12-16 Year-end 12- 8 11- 25c 1- 2 12-12 12-23 12-12 $1 Corp. iqliar.) York Corrugating Special 20c Co 30c 70c 1- 3 2 12-15 12-20 12-10 5 12-10 1- Below we give the dividends announced in previous weeks and not yet paid. The dends announced this week, list does not include divi¬ these being Amprican $5 (initial)-- com. (increased) A Power I 12-15 12-18 Abitibi Power & 5% Acme A preferential partic. preferred (quar.) Steel Corp., Co. & pfd. Standard & Bearing (stock Great (N. Southern Y.) RR (quar.) (irreg.) preferred (irreg.) Alabama Power Co. $4.20 pfd. (quar.) Packers 4V4V0 Inc. Association (quar.) Allied Chemical 5 Allied Allied Products 6 12-19 1- 6 12-19 11-21 American Special & Sumatra common Telephone American Tobacco Co. Products Thermos American preferred 4'/2 75 Bottle 12-15 12- 1 American Vitrified 12-15 12- 1 American 11-29 12-31 12-27 12- 6 1- 1 12-10 is-a) pfd. Inc., pfd. (increased quar.) (quar.) prior preferred iquar.) iquar.)____ 775 (initial) Zinc Lead & Smelting, convertible prior preferred Anaconda Wire (quar.) Inc. (quar.) Copper Mining Co. Anaconda common— Ampco Metal, Anchor Post & Cable Products (year-end)— (year-end) (quar.) — 12-22 12- 25c 12-12 11-28 preferred (quar.) Andes Copper Mining (year-end) $1.50 (quar.) iquar.) common 80c 12-20 12- 5 Anglo-Iranian Oil Co., 12-11 12- 1 1 675 12-31 1-15 12-11* 1- 2 12-23 12-12 12-23 12-12 12-31 12-19* 12-31 12-15 11-20 50c 12-15 12- 1 12-15 12- 1 1- 12-19* 2 12-15 12-26 12-15 12-15 12- 5 12-15 12- 5 37 '/2c 12-15 12- I 12-15 12- 1 12-15 12- 1 $1.50 1- 2 12- 8 1- 2 12- 8 12-20 12-10 12-31 12- 12-31 12-17 12- 5 12- 4 12-15 5 11-14 2-15 12-29 1-15 12-10 12-15 11-20 12-23 12- 5 1-2 1- 2 12-31 12- 4 1-2 12-15 12-15 11-28 1- 2 12- 5 1- 2 12- 1- 2 12- 5* 12-12 $1.25 $2.25 1-2 1-15 12'/2c $1.50 $1 $1.50 52 convertible American 12-22 __ Extra preferred (quar.) American Writing Paper 1 11-28 1-15 53'/8C pfd. 675 12-15 12- 12-10 12- 12-13 5 12- 1 12-15 12-lfr Co.— 575 Woolen Co., 12-15 12-10 iquar.) (quar.) $1 Dye Corp. Telegraph & 1 $8 1- 2 20c 50c Co 12- 12-12 11-28* Tobacco— (initial) Surety 12-15 2 12-11* Co.— Thread Co. 1- 11-28* 2 1- $1.75 Refining American $1.05 12-10 12-10 35c iquar.) 11-28 $5 50c 50c (quar.) 11-21 4 5 35c Co. 12-18 4 12- 12-15 — Foundries 1-10 12- 1 50c 12-12 12- 1- $1.50 90c com 12-15 12-24 11-10 12-15 30c Co. 50c $1.06'4 Mills, Inc.__^ 1- 12-12 12-24 12-12 12-15 12- 5 Sugar American $4 12-15* 2 12- 5 preferred New 2 1- 12-23 Snuff American 37'/a c (quar.) com. preferred (year-end) Allegheny-Ludlum Steel Corp. (year-end) Allen Industries, Inc., new com. (initial) 12-16* 75c 7% 11-26* 1- 12-22 Steel 11-20 $3 11-28 12-12 2075 Stores 11-20 $3 12-10 12-13 $1.50 Year-end 11-20 — stock 2 $1.75 American 12-15 2 12-10 1- 2075 Quarterly 12-15 1- 2 $1.12'/2 $1 preferred iquar.) Stamping (year-end) American States Insurance (Indianapolis) 12-15 75c 12- 4 1- dividend $1.25 partic. 12- 25c 1st 15c (quar.) 11-12 1-2-48 1 preferred Stock 50c Engineering 12-31 12-22 11-12 50c dividend) 25c . & Ordinary com 1-15 1- 5 12-15 25c preferred (quar.) American Seating Co. (year-end) American Smelting & Refining Common (year-end cash dividend) 20c (quar.) 12- $1.12'/a 25c 25c Santiary— - 25c Corp. (quar.) Standard Alden's, 12-10 12-15 20c 1 accum.)— Ltd.— (quar.) preferred Radiator Common 7'/aC (year-end) Roller preferred Alabama 1-2-48 12-15 20c $6 Special Republic Corp. (year-end) American Rolling Mill Co. com American 125C 25c Corporation Ball Alaska 1 11-25 11-25 12-15 $1.25 class A American $1 5% preferred (quar.) Agricultural Insurance Co. 6% 1 12- $$1.25 (quar.) common (quar.) Special 57» 12- 2 Ltd.— (quar.) Extra Admiral Aetna 2 1- 12-1S $1.50 10c Corp., (accum.) Common 2'/aC Electric Addressograph-Multigraph Aetna 1- 12- 2 12- 8 $1.25 Light President Lines, American 137'/2 162VaC Extra Acme Holder* Paper Co., Ltd.— $1.50 preferred (quar.) $2.50 prior preferred (quar.) Acadia-Atlantic Sugar Refineries, Class When Payable of Rec. 1- 2 12-15 1-2-48 $1 Chemical (quar.) & non-cum. American given in the 12- 1 12- 8 $1.75 (irreg.) Corp. & 675 Per $1.55 50c American Share 12-15 12-24 37'/2c preferred 775 of Company 1 $1.25 25c iquar.) B preferred American Name 12- $3 Co. preferred iquar.) 575 57c (increased) 1 2 1- $1.75 Finance Phenolic 2 prefer¬ 1 12- Paper Goods Co.— 12- 12-10 American 67<> 2 12- 60c 50c for 12- 1- 2 1- 2 25c com Special 7',5 12- 2 12-15 12-15 25c $1 Optical Co. 12-15 (F. Co. ) (s-a) 10c quar.) American Yolande $6 American (quar.) 12-31 $lj75 Co 25c Extra Woolworth & 12- $4 (initial 6834c 97'/2c Foundry Co., common. Manufacturing 12-15 Go.— common 12-15 35c Extra $1 Petroleum Woodward 12-31 50c American National 1- 12- 1 5 25c American 56'Ac iquar.i— Co. com Products $1.12'/2 (quar.) Grocery, common preferred A (quar.i 1 12-15 31'4c Co. preferred (quar. 12-10 Michigan Power— preferred Lovett & 12- 75c (s-a) Year-end 12-15 12-19 1 12-15 12- 5 S3 (quar.) Meter 2 12- Illinois— of Co. & American 1- 12- 12-15 60c iquar.) Machine 12-10 $1.12'/2 12-15 75c 10c (quar.) (monthly) Machinery preferred American series., A 12-15 50c 1-14 Inc.— 35c $1.25 Co.— (year-end) Locomotive American 775 12-10 2 12-15 (quai.) (quar.) 12-15 8 12- 4* 1- Atlan¬ Extra 7'b 1 $1.183/4 25c of Steamship Investment preferred $1 Extra Whitehall 12-15 12- 75c share prior preferred 15c (quar.) 12-17* 30c preferred (irreg.) Corp. of Delaware— 50c Cable Corp. com. $1 Whitaker 1- 2 Insulator Convertible 12-15 12- 12-15 50c 75c Co., common Products Co. non-cum. American American $1.50 Oil 1- 12-19 $1.50 (quar.) convertible preferred 6% Ice 12-10 1 $1.75 Leather & Home 12-15 12-19 1- 25c American 1-15 1 87'/2C (2/lOOths Hardware American 25c Air American 1-19 t50c (quar.) Greenland dividend 1-19 Co.— A preferred __ City Electric Co., common) 4%75 preferred (quar.) 2-16 12-24 12-19 1- tic 2-16 +35c Securities Westgate Stock $1.50 40c (quar.) Insurance $2.50 iquaf.)__ iquar.) preferred iquar.) common Inc. (quar.) (cash dividend) (quar.) Hawaiian 12-30 12-19 1 50c & EI. 1- 1- 52'/2c 12-19 1 30c Growers, 15c $ 1.12 V2 (year-end) 1 1- the stock- preferred (quar.) 12-16 $1.75 (quar.)__ (quar.) Utilities, $6 preferred Co., Fork & Hoe $1.75 common at B (accum.) 17'/2c (quar.) Co., class Extra quar.) preferred stock or of (quar.) Foreign Power, $6 pfd. (accum.) preferred J$1.75 (increased cash Export Lines, Inc Felt Co., common preferred (quar.) 10c (quar.) 11- of series) (quar.) 31'Ac (quar.) com. 12- 8* Corp.— American 2 8* 12-10 $1.50 Light American 1- 12- 1- 2 $1.25 common Telegraph (N. J.) (quar.) American European Securities (year-end 12-10 12-15 12-26 12-31 50c District 12-31 50c Co., & Co. American $7 11-19 12- 9 12- 8* 25c 12-20 1- 1- 2 $1.75 Extra 675 12-15* — (quar.)_ common share Colortype 2 50c iquar.) A Pa.) (Optional dividend Payable of rate American 1-20 1- 12-10 12-22 15c & Cities class A 12-20 50c Fixture Corp. (Reading, Cigarette & Cigar, preferred (quar.) $1.50 $1.37'/a (quar.) Department Western New Co. iquar.) Co. (quar.) Chicle American 2 12-24 75c 9 12- 1 12-15 1 $4.50 American 8 1- 50c American 90c (quar.) Power Texas 6'<■ Chain preferred 6 75 12- $1.75 preferred iquar.) Co.— preferred (quar.)_: non-cum. American 12-17 25c v (year-end) preferred 12-31 17'/2c iquar.) (year-end) Extra D 12- 12-20 62'/2c 5 17 '/2c Carbon 2 8 $1 Pipe Line Southern. Spring Bed Co. Square 1- 12-27 12-31 12-10 25c West 12-16 35c _ (quar.) Electric, Penn West Yale 11-22 2 preceding table. O.) Corp. 12-29 $1 Extra Sweets 3- 2 (year-end) (quar.) Co. preferred 4'/2 "• 12-10 1- 35c Corp. Smith (Hpward) Paper Mills Ltd. 4% preferred (quar.) Sunset 12-15 2 1- 12-15 11-22 2 $2.25 4'/275 5% preferred (quar.) Simplex Paper Corp. Snap-On-Tools 1 12-10 12- 75c Ltd. common & preferred West 1 12- 25c quar.) (year-end) Co. (quar.) Dairies, (A. 12- 12-15 8334c iquar.) Co. Optical 12-15 12-15 $0.2917 pfd. new Silverwood Sun 12-13 2 1- Shares— Silverwood Sun 12-15 50c (initial) American Shuron 4'/» 2 91'4 c 3.35to 23c from income & 23c Stovel 1- 12-29 25c iquar.) Electric Security Bank Note Stern 12-10 115c (quar.) Manufacturing Scranton $3- 2 15c Lock Extra Speer 1- 115c Extra Schlage Penn Winn Saguenay Power Co., Ltd.— 4 V* Gas Westinghouse (quar.) preferred 12- 12-20 60c (s-a) 12-20 10c Extra Riverside 12-10 1- 12-15 Foundry 2'/2c Western (year-end) 12-20 12-15 25c 775 & Casualty Quarterly 575 11-24 75c (year-end) Co. 35c Ohio $7 50c Oil Corp. (extra) Raisin Paper 12-20 25c Co preferred 7'c Ltd.— Richfield 1-10 2 1- 12-10 30c (year-end) (s-a) American Kootenay Power & Light, Ltd.— West 12-12 40c iquar. i Trust Dry Goods 12-12 1-15 12 '/2 C iyear-end) Car 2 1-20 100 75 11-26 25c Can American 1- $1.75 Extra 12-23 40c Co. Selection American Rice-Stix iquar.i com. year-end I Pump Showcase Line preferred American 55c (quar.) Co. preferred West 41/275 7 75 11-24 25c 1-15 1-10 12-10 5 25c 12-12 i"56c Co., A common — 1 12-20 l-i4 100'A 40c _ Bemberg Corp., common Extra 2 1-20 1-31 40c 1- 1-10 11-26 12-15 $1 (Del.) Co. (quar.) Barge 2- 87'/2c common Extra 50c Bros., Inc. Reynolds Tobacco Co. 1 12-15 75c 70c (extra) Clas B $2.75 (quar.) Mills Webster-Chicago 12-13 1- Wire Knitting 5'« 12-31 12-22 Co., preferred 12- 62 '/2c (quar.) Extra Reymer & 12- 5c (year-end) Baking 5'/2 % 115c iquar.) 12-15 $3 common class Note, preferred $1 Co., 50c Renfrew 12-10 25c preferred (quar.) Station, Inc. (quar.) Corp. (quar.) Extra To Agricultural & Walworth 40c Extra 12-10 12-20 933/4C Extra Waialua Walker 25c (quar.i 12-10 12-20 25c quar.)_ iquar.) Electric 12-19 7 '/2C Co Corp. American 12-20 675 $1.25 $2.50 pfd. iquar.)— (quar.) Co., Corp. American Book Co. (quar.) preferred 8:4c Bit Stores American 10c 12- 50c (quar.) 12-10 87'/2c (quar.) (increased Works, Goodwill 12- 9334c (extra) iquar.) Roller Reliable South The 37'/2c iquar.) 33/«',v com. 12-10 Corp.— Year-end 15c ireduced) Purina 12-20. Bank 12-10 30c 75c Extra (quar.) Detinning Co., 10c Year-end Ralston Smith Vulcan 10c Inc. Radio-Keith-Orpheum Seton preferred preferred Petroleum 11-20 1 1- i$2 (irreg.) com Holding Corp. <s-a) Agricultural Chemical 12-20 15c Canal & (extra) American American held—. one (quar.) Ltd. convertible 12-24 15c preferred 50c Products, RR. A Chemical 3'/a'< 12-23 50c iquar. i_ Extra Purolator New 4'/a% Victor G'/o dividend 2 1- 29c preferred (quar.) Vapor Car Heating Co. (year-end) Venezuela Syndicate, Inc Verney Mills of Canada, Ltd.— 12-23 $1.75 Timber 2 Cash dividend) Year-end Co 50c iquar.) Amerex 1- 50c preferred Stove $2 voting Amerada 12-15 1-15 9c common 50c com. 12-15 1- $1 Manufacturers, 5% Jersey $2 Corp., Extra Scovill New 40c Publication 1- convertible WJR Co.— Quarterly Special 12-15 Extra $1 (stock 1- Utility Appliance Corp.— 12-31 Inc. additional share* for each 25c 12-12 12-19 56 '/4c <quar.)_ 12-15 Industries, Amalgamated Leather Cos., Fund Stores 12-12 $1 Co Aluminum — 18c preferred 12-19 31 '/4c iquar.) 12-20 2 (irreg.) Aluminium Corp Plywood, 3%7» 1-24 Mfg. Co. 12-10 40c common ^ Extra Goods 11-15 12- Co.— Extra $1.25 United 65c Proprietary 7r/o 12-31 i35c pfd. Gas S. 12-31 1-20 U. America, (quar.) 12-15 (quar.) convertible United of 12-15 Fund 75c Extra River 1-20 190c Progress Reo 12-15 6c : 5'in 5 2 75c Transit 12- 1- 60c (quar.) Pocahontas River Reed 12-15 Aluminum 11-30 Circuit— Theatre Cigar-Whelan United Co. 12-10 5Uc 9334C Ry. 12-22 25c Electric 12-15 Y.) $1.25 (year-end) Valley preferred 16c Stock United Merchants & Special Reed 12-10 $3.75 One 11-15 50c Logan Aluminum 11-30 1- 12-18 12- 2* 12-20 25c & 1- "A"— Stock preferred $3.50 12-10 6 15c Pratt & Lambert, Inc. (year-end) Pressed Steel Car, 4I/2'o preferred Puget 2 1- Corp.— Extra Powell 1- $1.75 1 Funds, Inc.— Fund Artists United (quar.) Pittsburgh Liqiudating Plough, Inc. (quar.) Plymouth Cordage Co., common Employees stock (quar.) United 5 12- 12-12 Port,land Cement 12-23 $1 - Semi-annual 1- "C" 1- 12-22 Trusteed 5 "/o 2 Altoona 1- "B" 30c (quar.) (quar.) Terminal Realization Portland (N. Union preferred Creek Co. 1 Pittsburgh Ft. Wayne & Chicago Ry. Co.— Pond Trust 1 12-12 1- 2 Aipna 8 4 12-12 25c 1- 2 1- 8" 1212- t$1.12'/2 iquar.) 1- 1- 12-15 12- Holder• 40c (quar.) common 47 Payable of Ree. 75c 1-20-48 (year-end) 125c preferred Corp. 12-12 30c Co. 2 Mfg., Co. 150c 1 30c 2- (Louis) J 15c 1- 62'/2C Allis (quar.) common 125c Extra 4'/2 % Union Allis-Chalmers 12-12 Corp., Share t50c B Udylite Co.— Extra Common (quar.) $1 (quar.) Co. (quar.) Suspender A Class - 12-12 2 12-15 115c Finance, Ltd. class A $1.12'/a (quar.) Governor 12- 2 1- Stores 12-15 3c Extra 575 2nd preferred 12-24 1- Allied 3c Corp. Mining Co. (Nevada) Iron, Ltd. (quar.) Underwriters dividend) pfd. (quar.) Suburban Transportation Philadelphia 1-10 40c Products—■ (stock $4 non-cum. i lc 25c Royalty Class $1 $1.25 com. Extra Co.— 12-12 12-15 J5c __ Company 2 12-29 When Per Name of l- lc 12-10 Water & (interim) Ltd. (2351) When Holder* Payable of Rec $1.25 (year-end) Mines preferred Toklan 12-15 12-20 Extra 7% '/o CHRONICLE 20c 10c 12-26 (quar.) J50c 50c Inc. 50c $5 preferred (quar.) Perfection Stove Co. (quar.) :!:45c Textiles, Bank Shares & Securities Corp. Industries $6 pfd. (accum.) (quar.)__ |25c Tennessee Alabama & Georgia Ry. (year-end) 2 4 __ Share (quar.)___ com. Tappan Stove Co. Teck-Hughes Gold 11-20 1- Ltd. 4% preference (quar.) Tampax, Inc. (extra) 50c Common Pioneer 12- (G.) Extra .12-19 12-31 of Company Tamblyn 12-10 12-29 65c Year-end Pennsylvania Pennsylvania Pennsylvania Pennsylvania 5'!o 12-20 $1.50 (quar.) Package Machinery Co Paraffine Cos., Inc., 4pfd. (quar.i Patino Mines & Enterprises Consolidated— Pierce 12-20 $6 (accum.) Telephone & Telegraph, common preferred (quar.) 6f/o 1-12 20c pfd. FINANCIAL Per Name 11-26 12- & Holder* 1 $3 is-a) Cement Service When Payable of Reo. J 5c (year-end) COMMERCIAL prior Ltd. (interim) 40c 1- 2 12-16 Angostura-Wupperman Corp. (irreg.) Anheuser-Busch, Inc. (irreg.) 60c 1- 2 12-16 Apex Smelting Co. (quar.) 1-2-48 12-l£fc 1- 2 1 11-29* 1- 2 12-22 12-15 12-10 12-15 12- 1* 12-15 12- 1* $1 12-15 $1.75 1-15 25c 12-20 10c 2- 2 $1.25 2- 2 10c 12-20 $1 12-23 $6 *3-22 12v2c 12-22 $1.50 1-31-48 12- 1* 12-30* 12- 5 12-11 1- 8 12- 6 12- 5 50c 5V 10c 30c 37/ac J2-19 12- 5 12- 8 11- 7 12-12 12- 5 12- 3 11-15 12- 1 12-15 J3-12 12- 1 1-21 48 (2352) THE Per - Name of Company Applied Arts Share Corp Archer-Daniels-Midland Special Argus, Inc., common Co. 12- 12-23 12-19 12-19 British $1 1- 2 2-2-48 12-15 $1.25 (quar.) 1- 2 12- 1 12-15 $6 convertible prior preferred Cork Co., common (quar.) preferred 1-2 12- 11-10 12- 5 Oil Common & (increased (quar.) (quar.) 12-15 12- 1 Common 12-16 $5 1- 2 12-16 5 quar.) 25c (quar.) 12-15 12- 1 . Telephone & Telegraph— $6 1st preferred (accum.) 7% 1st preferred (accum.) Associates B Co. 1 30c 12-10 12- 1 Building 12-10 12- 1 Bullard (s-a) 5% pfd. non-cum. Atlanta & West Greyhound Atlantic Gulf Lines, $5 Atlas (s-a) Atlas Steels, Auto 1 1 1-30 2- 2 12-30 12-12 12- 12-12 11-14 5 12-12 11-14 $1 12-27 Class A 1 Calaveras Land 12- 1 California Cotton Mills 11-21 California Electric 12-20 11-28 California Ink Pacific 12-30 12-16 $1 12-10 11-25 Autocar $l5c Automatic Fire Alarm Co. (quar.) Automatic Voting Machine Manufacturing Corp. B/G Foods, Inc. (quar.) 11-22 12-26 12-10 Babbitt (B. Babcock T.), Inc. Wilcox & Co Canada 12-10 12- 1 Canada Works Porcelain convertible 50c 1-2-48 12-10 1- 2 12-19 1- 11-28 8 12- 8 12- 9 Steel— American preferred (quar.) 83Ac 1-2-48 12- 9 23c 12-15 11-28 25c 12-12 11-28 40c Bancroft (Joseph) <te Sons Bangor Hydro-Electric, common 7% preferred (quar.) 4% preferred (quar.) Bankers Bond & Mortgage (quar.) 1-20 $1.75 $1 Guaranty Co. America Manufacturing Co., 4%% prefe-rred Bausch & Lomb preferred Cigars, common (quar. 1 Inc. (quar.) Brummell Creek Ties, Belding-Corticelli, Bell & (increased quar.) Co. Benton common (quar.) Food 12- 5* 416% 5* Produ^, preference Foreign Quarterly (quar.) 40c 12-26 12-15 General Canadian Wirebound $1.50 Capital $$1.50 1-2-48 11-29 Capital Transit class Franklin Hotel Malleable (year-end) Industries Carborundum Co. 11-29 Carey & 12-15 6 Baxter Carey 5% (Philip) pfd. Carpenter 12-31 12-10 Carrier 12-10 Cascades 1-31-48 1-15 $5 12-15 12- 10c 12-15 11-29 12-15 12- 1 5 Case (J. 7% I.) clears pfd. 12-21 Central Bag 1-2-48 12-21 Central Cold 12-30 12-20 12- 1 1 12- 12-15 11-17 25c (quar.) 12-12 25c 12-15 50c 2- 1 11-17 Bon Ami Class & Brass Co., class A B (reduced) Co. Inc. (George (quar.) W.) 12-16 5 12-15 1212- 2 2 50c (quar.) (increased 12-12 12- 5 12-20 12- 3 1- 2 20c 1-16 Coast 1 12-10 11-28 12-10 Coca-Cola 1 12-15 series Coca-Cola 2 1- 2 12- 11-20 12-20 12- 1 12- 2 Foundry Central Co., Maine $3.50 Colorado Fuel Commercial 12-15 11-15 (quar.) Co Central Steel Steel & 12-15 11-30 Connecticut 12-15 11-30 Consolidated 11-28 Light Consolidated Cigar 1 Consolidated Consolidated Diversified Common class 1-1-48 11-28 1-1-48 11-28 1-1-48 11-28 Consolidated 1-2-48 12- 2 Consolidated 1-2-48 12- 2 (Bait.), 1-2-48 12-13 1-1-48 12- Ltd., 4% 8 $2.50 Botany Mills, Inc., Class preferred (quar.) A pfd. (s-a) 12-10 1 8 8 Electric Co. Century Ribbon 5% 4(6% (stock Continental $3.75 Can Steel Continental 11-29 Continental-United 12-10 11-29 Copeland Mills 2 12- 3 Corn 1- 1 Cornell-Dubilier Products $5.25 Cosden 1 series Courtaulds, Covered Creameries of 12-10 Creole Cribben 12-31 12-10 Crown Cork 11-25 $2 12-20 12-10 Crown 12- 2 Crucible 12-12 12- 2 12- 1 Crum 1 $1.12% 1-1-48 12-19 1- 2 12-10 1- 2 12-10 & Forster, 5% 5% 25c 12-10 11-14 Cuneo $1.12% 1-2-48 $3 12-15 12- 1 Bearing Bowling Green Fund (quar.) 1-2 11-14 12-15 Chesapeake & Ohio Ry., common (quar.) 316% convertible preferred (quar.) 12-15 Chesebrough 12-20 12- 10c 12-19 12-10 Chain Chicago 5c & Sons Brewing Corp. of America (quar.) Bridgeport Brass Co., 5 V6 % conv. pfd. (quar.) Briggs & Stratton Corp. (quar.) 12-19 12-10 60c 12-23 12- 6 $1.60 (quar.) Extra 12-23 12- 6 62(6c $1.37(6 12-10 11-25 12-31 12-16 Mfg. Co., common $2 preferred A (quar.) partic. 25c 12-15 11-28 $1.25 Extra Bristol-Myers Co. 3%% 9 12-15 11-28 30c (quar.) 2 12-15 50c pfd. 11- 2 12-15 93%c 1-15-48 1- 2 Mfg. 75c 2 1 8 D. 1- 8 David 11-28 W. Produce class & Quincy District A ctfs. (initial) 11-28 Davis 11-10 Davison 12-24 12-12 De .' Quarterly Chicago Towel Co. com. 7% preferred (quar.) & (year-end) _ 5% pfd. (accum.) Inc. Hotel, Rock 12- 1 1-26 1- 5 12-10 1 11-25 1-15 12-19 12-13 11-29 12-30 10-29 12-31 12-20 12-15 12- 1 1-2 90c 12-10 12- 1 25c 12-15 12- 1 12-24 12-13 12-15 11-21* 12-16 12-15 $2 12-31 12-10 12- ' 5 12- 1 12-17 1-2-48 12-18 1- 2 12-17 1-2 12-17 $1.25 4- 1 3-17 (quar.) $2.50 12-19 12- 12-20 12-10 25c 12-31 12-18 75c 1-1-48 12- 5 5 30c (irreg.1 12-12 11-28 12-12 11-28 11-29 Delaware Floor 12-15 11-29 Delaware Fund, 12-15 11-29 Delaware & 12-15 11-29 Dennison Mfg. 12-15 12- 1 $2 12-15 12- 1 $1.75 12-15 12- 1 Inc. Hudson Co.. Derby Oil Co., 12-24 12-10 12-31 12-15 12-31 12-15 12-15 12- 25c 12-31 12-10 5 10c common 12-1 12-18 12- 1- 3 2 15c (quar.) class Co. of (quar.) 12-15 A 8 12- 1 12-15 12- 1 $1 12-20 11-28 11-17 20c 12-10 $1.75 N. (extra) 12- 25c (quar.) Co, 1-31 $2 50c (s-a) Products Supply preferred Year-end (initial) Corp. 12-19 Dentists (quar.) 50c $25c $2 (quar.) Co Corp. Inc. Oil 25c 7% 12- 12-10 25c (initial) (quar.) Corp. Coke 25c dividend 11-17 12-10 50c (extra) Chemical $1.75 Chicago South Shore & South Bend RR.— 12-13 12-15 $50c 5% Extra (quar.) (quar.) Ltd. Class A 12 %C — (quar.)— 1-2-48 $1.25 Corp. Inc. Cigar Coal Witt Deep 12-13 Co.— (quar.) Frere, Mines, Day 1-2-48 35c G. & 12-19 inter preferred Bonus $3 RR beneficial 1 12-10 $1.25 Publishing Co.— prior preferred 11-25 Trust— of 1 12- 12-31 America— Extra 12- 12- 12-15 $1 of Co., Gas Cutler-Hammer, 25c Chicago Rivet & Machine Stock 12- 12-19 12-15 12-29 10c (quar.) ($3 cum.) $4 11-14 1-2-48 55c : (quar.) Press, Inc. Curtis 12-10 50C Co Burlington Preferred est 12-20 1- 12-15 $1.13 Inc. Sugar com. Tobacco 50c Belt Chicago 12-10 45c 87 %C (quar.) Extra 50c Extra 5 12-15 12-20 2%C Extra 12-30 2 12- 2 2%C (quar.)_ $4 Roller J.) . Y.) 11-25* 12-15* 50c Co. 8% preferred Champion Paper & Fibre, common (N. 12-15 1-2-48 35c (year-end) (year-end) Sugar preferred Cuban (quar.) (year-end) Cuban Atlantic 12-10 Co. 50c $2 (s-a) Cuban-American 2 (quar.) 12-15 9334c (quar.) 12- 1- (quar.) 12-15 12-22 a2V6% (quar.) Corp. Co. 12-15 Cumberland & Trust 12-12 12-31 $2.50 (accum.) (quar.) 12-15 12-18 Bank 1-2-48 30c $1.31'A (quar.) Publishing preferred 12- preferred 11-28 20c (liquidating) Seal Co., & Steel 12-24 Chemical 12-10 12-15 90c (interim) Drug Co. 12-15 Cherry Rivet Co. 12-10 12-31 62%c common preferred America preferred 10c (quar.) 12-31 Corp.— Sexton & 12-19 1 25c 20c iye'ar-end) preferred Co. Crowell-Collier 12-26 5c 12-10 25c preferred Petroleum 60c 1- A Ltd. 12-10 5c 12-15 2 10c Corp Electric, 33/4% 2 5% 12-15 2 1- 25c Refining Co. Wagon Co., 2 12-10 1-2 1- 25c Industries Petroleum 1- 9 __ (quar.) Corp convertible 1- 1- 7 12-15 2 75c preferred Del Co 1-15 12- 1- 5c Range Common . (quar.) Extra 1 of Extra 12-17 1-6 11- — Copperweld Steel Co., common (quar.) 5% convertible preferred (quar.) Chamberlin Co. of America, new com. (initial) Extra 12- (year-end) (Chicago) Copper 5% 2 933/4c common Co. 12- 12-10 11-28* (quar.) 12-12 12-10 11-29 (Chicago) 12-12 2 2- 12-15 62%c (quar.) (quar.) 1 2 5 11-29 $1.1216 common 1 2 12-15 $1 2 2 6 12160 1- 12- 1- $1.12% ... 1- 15c (quar.) $1.25 (quar.) 1- 12- f$l Power Co. $$5.25 12- 12- $1.25 Refrigeration 2 31'Ac Co. 12-31 12-12 11-28 12-15 12-18 90c Co., 4%% 1-15 12-16 12-15 12-31 40c 1- 12-23 (quar.) Extra i_ 12-31 pfd. (quar.) 12-10 1 5 11-28 Securities, (annual)__ Light & Co. Casualty 75c $4.50 $5 preferred Co., preferred Continental 2% dividend) Corp.— preference (quar.) Hosiery Standard (quar.) Oil 12- 12- 12-15 Co.— Gin 12-15 1-2-48 $1 Extra 12-16 $1 20c (year-end) Corp., Assurance Continental 12-20 12-15 2 30c Power preferred $4,50 Continental Continental 2 3 50c (quar.) (quar.) $2.50 12- 1- 1- 12- Ltd.— (quar.) Co., Products prior 1 Utilities Grocers preferred Consumers 15C Chadbourn 12- $1 (quar.) C Gas Consolidated 75c Mills 1 12-15 (year-end) preferred Co. Common 12-16 60c Extra Certain-Teed 12- preferred B (quar.). 40c (year-end) common (resumed) Century 11-15 12-15 40c 12-16 1- 3 12-15 Electric 12-10 3 3 12- 25c (extra) Edison Gas 12-30 1 1 12- 12-22 25c Corp. non-cum. 12-30 50c 25c (quar.) B preferred 416% 5 12- 12- 12-22 11-25 Common 12- 11-24 12-15 11-28 Coppermines 12-19 12-10 $25c 1 12-23 > 1 12-15 Chemical Industries, Inc.— participating preference class A (extra) $1 12-10 12-23 11-24 12-15 Quarterly 12- 12-31 12- Consolidated 12- 12- 12-10 12-10 12-15 Canada of 2 75c (quar.) West Co. $1 6% Bakeries 2 12-22 12-31 12-31 50c Power & 2 2 11-28 25c Extra 1- 12- 1 12- 12-12 (s-a) 1- 12-12 1 12-15 53'/bC 1216c (quar.) 1- 1-2-48 12- $1 2 1 1 12-15 1216c Transportation 12-15 5 12- (quar.) Publications Congoleum-Nairn, Inc. 12- 1 12-15 3716c Conestoga 12- 1 25c Stamping & 12-19 12- 1 12- 50c (quar.) common (quar.) 1-15-48 Nast $1.50 Products Wire, preferred Central $1.75 Co Woven Hose & Rubber, Common (special) Co. Shearing 87%c (quar.) (quar.) $2.25 Albany RR. Co Wharf Boston Iron, Solvents Corp... 87(6c quar.) (quar.) & Conde 1-5-48 12- 8716c (quar.)__ Community Public Service Compo Shoe Machinery iquar.) 1-5-48 12- 12-15 12-15 $3 12-19 1-2-48 12-10 Corp.— 11-15 9 5 $1.50 (s-a) Year-end Crane (accum.) pfd. $1 (year-end) A 12-15 9 12-11 25c Commercial 11-28 1- 12-31 10c 11-28 12-17 30c Ohio 25c $20.65 class Carbon 12-15 1- 12- 12-26 Co. (quar.) International Columbia 2 12-18. 1-10 12-10 75c $3 preferred 12-10* $1.12% (quar.) Common Central 1-1-48 (s-a) 25c (resumed) common Power 3.50% preferred 20c 35c Company 4'A% preferred Colgate-Palmolive-Peet Co.— 12-10* 2 1, 12- 8 12- 5 (quar.) A 2 2- 12- 12-18 Electric & A Class 2 2- 12-11 12-15 Coleman 1- 1-2-48 12-1 30c (year-end) 1- 1- 12.-11 $1.25 (quar.) Common 1 1- $1.32'6 12- 8 $2 Co., Coca-Cola 5 12-20 12-15 $1.50 Bottling iN. Y.) Common 5 11-20 lvl-48 17%c Gas 1- 40c $1.50 convertible preferred 6% Counties pfd. 1- 12- 12-15 _ Co. $1 preferred (E. 2 12-16 12- 75c Corp. common Scrymser & 1- $1 Special 3(6% 12-16 50c (year-end) Borg-Warner, (12- 8 25c (extra) (extra) Bond Stores, 1-12 12-23 25c Corp 2 50c 1 12- 11-25 12- 8 50c SI.12% (quar.) (quar.) Chemical $1.60 Central Illinois Light Co., 416% pfd. Central Illinois Securities Corp.— 12- 12- 12-15 15c (quar.) (quar.) Central $1.06(4 Extra Aluminum Burlap 12-20 6% Year-end Diamond & Storage 12- 12-15 12-15 12'/2c 12-20 12-15 Clorox 2 12- 8 12-15 (quar.) 80c com 12-30 2(6c 12-10 $$1.75 Co. (year-end) com. $1.75 12-30 7 (6c W.) (year-end) common 12-15 1 12-20 1- 11-20 12-15 Inc. Clinton Monthly Clopay Corp. 50c (quar.) Castleberrys Food Mills Industries, 11-24 12-15 12-12 12-'1 12-20 12-15 (quar.)— 15c $1.50 & Bryson, Inc.— 414% preferred (quar.) Blaw-Knox Co. (increased) (E. (quar.) (quar.) 12160 Extra Sivalls preferred Corp. common ^ Bronze, Co. 11-21 4% 11-26 12-12 $1.12% (quar.) Worsted 1 1- 12-15 .\ 2c 25c : (quar.) common Molybdenum 50c Extra (quar.) preferred Cleveland Climax 35c quar.)_ (interim) arrears) 1-2-48 (quar.) 6% 5% 11-16 1 25c Illuminating Co., preferred $1.25 4% Co., 25c 15c preferred (increased com. Co. preferred (quar.)_ Extra Birmingham Water Works, Bishop Oil Co. (quar.) 11-15 25c Cassidy's, Ltd., 7% preferred (accum.) 7% preferred (quar.) (This payment 50c common 12-15 12.-15, Electric Cleveland Graphite 12-10* 12-15 11-26 11-26 $1.25 , (quar.) 75c 1-1-48 (quar.) Corp., 2 50c (quar.) Extra 1-2-48 5 1- 50c (quar.) Plywood $1.75 12- 12-15 $4.50 2-10 12- 12-15 25c Consumers (quar.) Mfg. Corp., (quar.) 12-15 12-15 25c (quar.) $1 Co. preferred 12-1 $37 %C A (quar.) Ltd.— Boxes, Kennedy Steel 50c 7% 12-17 $37 %C class Year-end 12-31 50c (quar.) (quar.) Steel Corp., convertible Co. 11-29 12-15 2 Iron, preferred Consolidated (quar.) 12-19 12- 1- 12-15 2-16 12-13 50c Extra $$2 (quar.) Ltd.— Co., Products 1-2-48 $3 (s-a) Corp. (year-end) Limestone & Cement— Herbrand A pity 1-2-48 2 Cleveland 75c 11-29 11-29 2 4 V6 % 12-17 $$2.12 Products, 11-17 1- 12-17 2 $$2.12 Silk 12-26 1- 2 1- Cliffs $20c (quar.) class A Extra Canadian 1-2-48 12-29 1- Ltd.— Extra 1 5 1 Corp., Ltd. Ltd., Alcohol 12- 12- 12-15 $$1.12% Electric, Machine, 12- 37(60 preferred Manufacturing Bower Industrial 50c Extra $1.25 Ice Canadian 15c Brewing Bingham Boston Canadian $1 (quar.) $6 preferred Boston Canadian 1 $1.50 Bethlehem Borden 1 2 2 f 25c Extra 1* 2 Cleveland 1- $18%c (quar.) com. (quar.) 12- 1- Ltd., Investment 12- 1- $1.75 (quar.) $55c (quar.) : 12-16 12-15 10-31 preferred $75c (quar.) Canadian 12- 12-10 - 5% $30c common 1 12-10 (quar.) Clayton & Lambert Mfg..; Clayton: Silver Mines $31'Ac (quar.) Ltd., 12-15 12-16 11-29 10-31 $$1 A 12- 12-15 12- $50c (quar.) 1 12- 12-31 11-28 $1 L2-10 $50c (quar.) 12- 12-12 20c 12-15 f $1.25 Ltd. Caaners, Cottons, preferred t$l Appliance Harbor Bessemer Brillo Class (quar.) common 12-12 62 %c quar.) common 12-11 $$2 (quar.) $$1.75 (year-end) Corp. Corp., Berghoff Brach Canadian 11-29 15c Benjamin Borne 11-29 12-15 6% 30c (extra) Year-end Borg 12-15 50c Ltd., Co. Home Beneficial Bohn Canadian 1 J50c Extra Bendix Blue Canadian 1 12- 12%c (quar.) Bendix Aviation Bliss 1 12- 12-15 40c Corp. Gossett Black 12- 12-15 Ltd. Co., preferred 10c J preferred Aircraft 5% 12-15 Co Co. Extra Bell Bibb Breweries, Bronze 5% 20c (quar.) $llc (Toron¬ (interim) 11-28 Year-end t$l Canadian 2 12-13 1$1.75 Corp. 8-14 11-29 12-19 12-19 (quar.) Year-end (interim) Canadian 1- 12-20 Ltd.— Cable, class A 12- Inc Railroad Belden Manufacturing 4% B & 12-26 12-15 Co., preferred $37% C Co., 1 12-15 Co Equipment $$2 Wire 12-20 2 Controller Clark Ltd.— (quar.) 2 1- Clark 1-24 t50c Mortgage 50c Beech-Nut Packing Extra ) to) Canada 12-26 12-19 1 15c (quar.) 2 37%c Extra 7% 12-10 12-10 12-27 12- 6 $1.06% (quar.) Permanent 1- $1 Bayway Terminal Corp. (initial) Beatty Bros., Ltd. (quar.) Beau Canada 1- 50c 2 1- tlOc common Power 1-6-48 25c 1- 2- $32 %c (quar.) preferred 7% Stamping Co. City Ice & Fuel Co. (increased Oity of Paris Dry Goods— 1 6 25c Auto 7%-1st 12- 50c $1 quar.) Year-end 1 12-18 15c (resumed tlSc 1-26-48 Northern Common Class $1.12(6 common 2 $$1.12% Extra 10c (quar.) Optical, 2 $1.25 Railway Co. Year-end City $$1.50 Co. $25c (quar.) Extra Beech Malting $1 (quar.) 1212- $62 %c (quar.) (interim) 15c Ltd. 5 Street Service $50c B 20c Canada, Refractories, Inc. Batavia Body Co. (s-a) 11-19 12- 12-16 12-11 HOC 45c Extra Basic Cities Extra (quar.) $25c of 2 Cincinnati 34%c (quar.) (quar.) preferred Class 2 2 1- 12-11 $1 class B Canada Foundries & Forgings, Class A (quar.) 1- 2 1- 12-15 12-23 1 12-20 50c pfd. conv. Co., Ltd., 20c Barber-Ellis 4% 2 of Bankers National Life Insurance (N.J.) Bankers Trust Co. (N. Y.) (quar.) Bayuk 1- 9- 12- $5 (year-end) (quar.) 5%% Dry Ginger Ale, Canada shares (quar.) 12-15 1-2-48 50c — Ltd., $1.30 pref. (quar.) Crushed Stone, Ltd. (quar.) Canada Banco de Los Andes— Cement Service preferred $4.25 12- preferred $1 25c (quar.) com. Cement, Canada 2 5-15 62c (quar.) Extra 11-*>8 12-10 12-29 2-14 1 $3 75c (irreg.) Utilities, pfd. (quar.) Water Bread 416 % 1 $1 Locomotive Baltimore 1 12- $1 Additional Baldwin 12- 20c Co. Forge Co., Canada 12-15 25c 1 6- $1 $2.50 Year-end 12-15 30c 3- $1.25 Campbell Wyant & Cannon Foundry Co.— 40c (quar.) $1.25 (quar.) 15c (quar.) Power Portland California 30c Corp. (increased) Avco Bates California 35c Extra 7% 11-22 12-15 50c Company 12-15 $12%c (quar.) preferred 50c Timber & preferred Camden (quar.) preferred 5% $15c 12- 1-16 5% $35c (quar.) 12-15 2 Common $1.75 — Financial T. 12-15 2- 11-30 11-17 31 'Ac Extra 12-15 $25c 1-17 7-17 8-1-48 Ry. 11-17 55c Water California (year-end) $2 Pacific 12-15 2-l-r48 12-30 $1.25 (accum.) (quar.) 56%c Service, Ltd.— (initial) 12-12 1- 2 $2 4% preferred (s-a) Cincinnati New Orleans & Texas 31 'Ac pfd. (irreg.) common preferred 40c Ltd $1 (s-a) 15C (quar.) non-conv. 5% preferred 25c (initial quar.) Co. Buildings, 7% Co., (P. H.t $2.50 (s-a) (quar.) $1 quar,) 12-15 15c $3 Co. 4% (increased 30c Adding Machine conv. I. 12-20 11-14 Electric 4% pfd. (quar.)__ Inter-Terminal Railroad Co.— 50c preferred Series B (quar.)_ Co., 7% preferred (quar.) Butterfly Hosiery Co. (s-a) C. 11-24 2 1- 12-15 $35c (quar.) Battery Co. (quar.) Dock, Ltd., cl. A Terminal Butler 12-15 Electric Common 5 11-12 25c Extra Butler 11-12 12-12 20c (quar.) 37%c —- Co. 12- $2 (quar.) Steamship (quar.) Powder 12-15 5% Atlas Imperial Diesel Engine— Series A preferred (quar.) Atlas Burroughs 3- 12-12 $1.75 Burrard Dry 1 $1 pfd. Indies preferred Refining Corp. 4% West common non-cum. Atlantic (Conn.) Corp. & Burgess 5 12- $1 Atlantic Coast Line Railroad Co.— Common (quar.) Atlantic 11-28 12- $2.50 RR Atlantic Coast Line Co. 12-29 12-15 $1.50 (s-a) Point 1-15 Corp. 30c 12-26 Bush 1-31-48 55c (year-end) Special 10c Atchison Topeka & Santa Fe Ry. com -12-15 $1.75 5% Products, Ltd. (quar.) Company (resumed) 45c (s-a) Co. Brothers $1.47 (quar.) Corp., class A Cincinnati 5 12-19 $37.60 _ £1.25 *. Extra 11-28 (year-end) com. Cincinnati Gas & 12 %c Bolt 12- 12-29 Chrysler 11-25 11-25 Co.— (year-end) 10c Investment Financial Class Buffalo Bunte 12-10 12-15 12- 75c Co., (quar.) f 30c Buckeye Pipe Bucyrus-Erie Co., common 7% preferred (quar.) 12-15 $1.26 12-10 Co Securities preferred 12-15 12- 9 3- 9 6- 9 4-15-48 25c 7-15-48 93 %C (quar.) Ltd (quar.) Line Co 20c (quar.) Special Copper 7% 25 c preferred $1.06'A Associated Chile 12-15 __ Hoiaert 1-15-48 25c (quar.) 90c $3.60 preferred (quar.) Co., common (quar.) Brunswick-Balke-Collender 12-16 12- (quar.) When Payableof Rec 25c (quar.) common $30c 2 12-16 7 Share Oil, Common 10c (quar.) Co., preferred Mills, 2 12%c 1- 2-2-48 15 c (quar.) Iron Silk 1- 59%c x 4 Company Cotton Christiana Extra 1- Co.— Spring Corp. G.) L.) 25c preferred Corp. Refining preferred Associated Astor (E. Bruck Per Name of Chickasha 25c & Shoe 3% % 12-10 1 12-22 2-25 8% Extra 25c Constable 4»A% Bruce 93%c (quar.) convertible Arnold 12-12 $1 Class B Ashland 12-26 12- Products, Ltd.— $15c (E. Brown 40c Armstrong Rubber Co., class A 43/4% 11-29 $1.50 Year-end $3.75 12-15 1-2-48 11-17 Common Extra Armstrong Holder9 20C Brooke 11-29 15c pfd. (quar.) Forest Broadway Market Corp. 12-15 5c Arkansas Natural Gas Corp., 6% Armour & Co.— Columbia 12-15 $25C Initial 25c Extra When t25c (quar.) Oil, Ltd. (quar.) Ce'ianese, Ltd.— American deposit receipts (year-end) 1-25 25c (quar.) com. 1-14-48 Note Monday, December 8,1947 Payable of Rec. British 7%c $5 preferred (qual\) Arkansas-Missouri Power CHRONICLE Share British-American 12-23 1 Co.— __ Edison Company British1' American Bank 12-15 $1 (quar.) FINANCIAL Per Name of Payable of Reo. $3 common & Holdert 10c Arcade Cotton Mills Co., 8% preferred ts-aj Arizona When COMMERCIAL 12-23 25c 12-15 25c 1- 2 Y.— (irreg.) 12-23 12- ! 12-19 . Volume 166 Number 4653 THE Per Name of Company Detroit Gray Iron Share Foundry (increased Co. Portland T Cement Motor Stores Co. Corp. (quar.) Theatres Cup Class Corp. Co., A (quar.) Fields $3.25 Glass 12-12 Excelsior 12-15 11-28 12-20 Fair 12-13 12-10 10-15 12-24 10-15 Co., 12-24 12-15 1- 11-24 11-29 6 12-15 12-17 11-26 Drewry's, Co., Works 12-26 12-12 Federal Water & 12-10 11-29 Feltman & 12-10 11-29 12-15 12- 1-30 (quar.)__ com. 12-29 Ferro 1-15 12-29 2-2-48 12-31 t50c t37'/2c Ltd., 12-15 3%% S. U. pfd. 1211- First National Stores 1-15-48 1- First Security Corp. of Ogden Inc A., 12-22 12-15 12- Bradstreet (irreg.i com. 12- 1 Fittings, 12- 5 Flintkote Ruboer de Goods Co., 12- 12-10 11-20 Plastics & Co.. preferred Co. (year-end) First Public liquidating shares of Electric Hotels Eastern & Fuel Gas 4 '/a 'io par for prior share Motor 12-10 12- 12-31 12-10 12- 12-15 Fort 12-15 Foster-Wheeler 11-26 6% prior 11-26 6% prior prior 6% $1.25 (accum.) $1.50 1- 1 12-26 1- Eastern Massachusetts 1st Eastern Street 12-10 11-28 12-15 12- Railway¬ 1 and par no preferred Eastern States common (quar.) 25c 1-2 12-20 25c 1- 2 12-20 $1.25 1- 2 12- 1 (resumed) Steamship Lines, 1- 2 12- 1 Kodak Co., preferred Washing $1 Inc., (quar.) common (extra) Stores, participating preferred Inc.— A (increased) 12-12 11-29 1- 2 Paso Electric $4.50 Co, preferred Natural Paso Electric (quar.)__ Consolidated Electrical Products (Calif.) Electro Refractories & dividend Cash Stock 11-17 General 12-15 12- General Box 12-15 11- 3 12-15 11- 3 Stock 11- 3 General 40c 12-15 1- 2 5% General 12-26 12- 8 12- 5 General 12-12 12- 5 Supply Candy Corp. preferred Corp. (year-end) Corp. 3 General Electric General Fireproofing Co, (quar.) 12-20 12-10 General Instrument (quar.i 12-22 General Mills, Inc, 5% preferred General Motors Corp, common Equity Corp., $3 20c preferred 1- 2 12-17 1 12-31 20c 12-31 $1.75 1- 2 12-15 50c $1.75 Coach Co. Corp. __ 12-15 12-13 11-24 12-13 11-24 12-13 11-24 12-13 11-24 $1.50 $1.25 1- 2 12-15 12-20 12- 1 1- 2 12-15 1- 2 12-15 4- 1 3-15 7- 1 6-15 1012- 1 11-25 1- 2 12-15 1 9-15 $2.50 12-11 12- 1 $5 12-15 12- 1 65 '/2C 12-19 11-28 $1 1-10 12-15 12-10 11-25 12-15 1- 1 12- 1 12-19 37'/2c 12-31 12-15 12-31 12-15 12-31 12-15 12-20 12-10 12-20 12-10 12-12 11-24 1- 2 12- 1 1- 2 12- 1 1- 2 12- 1 1- 2 12- 12-15 12- 3 25c 12-15 12- 3 12-10 11-29 1 12-15 1- 2 12- 5 12-17 12- 5 $1.25 (s-a) 10c $1 1- 12- 2 12-19 1 11- 7 1-1-48 12- 5 12-15 12- 1 1 12-15 12- 1 12-22 11-29 12-22 11-29 12-22 11-29 12-31 12-15 12-15 12- 5 2 12- 5 12-20 12- 1 12-20 1- 12- 1 70c 12-15 12- 1 1-26 12-19 12-17 11-26 (quar.) __ 1- 2 12-17 1- 2 12-16 $1.25 1- 1 12-10* 12-10 1- 5 $3.75 933Ac 2-2-48 1- 5 Outdoor Advertising, Corp. Plywood Corp. 12- 1 12-15 12-16 25c $1.50 11- 2 2 5 11-25 12- 1 12-11 12-11 preferred 50c 12-10 12- 1 12-10 12- 1 $1.50 Co, common 2 12-15 1- 2 12-15 (special) Machine Tool 12-20 12- 5 12-20 12- 5 $1.12% (quar.) Refrigerator 21'Ac 15c (quar.) Extra preferred 1- $1.25 Giddings & Lewis Warehouse 1st preferred Y.) Greening Sugar, 1- 2 12-15 12-31 12- 12-31 12-12 12-31 12-12 $1.25 $1 $1.25 12-31 12-12 8 12-15 11-14 12-15 11-14 12-15 11-15 12-15 11-15 12-15 12- 12-15 11-25 12-16 12- 12-15 II-15 1 5 12-15 11-20 12-31 1-15 12-10 12- 1 1 Group No. 2 Oil Corp. Aircraft Guantanamo & Co, $5 pfd. (Bait.), 6% pfd. (increased) Corp. 12-10 2 11-30 12- 5 1- 2 12- 1 12-31 12-31 12-12 12-18 12- 12-20 12-27 11-28 12-27 12- 1 12-24 12- 5 12-12 12- 5 1 2 12-18 12-29 12-18 (quar.) $1.25 1- (quar.)— $1.50 75c $1.25 1-2-48 12-22 11-21 $1.50 25c $1.10 1- 2 12-15 12-15 12-20 (initial) $40c 1- 2 $1 (quar.) preferred 4% Co, 12-15 Corp.— (s-a) Co. Insurance 1- 2 11-21 11-20 11-20 12-10 12-15 30c 25c Hamilton Bridge Ltd. (initial)— (Initial) Co, Hamilton Gas Corp. Watch Co, Hamilton 4'A% (quar.) common preferred convertible Hammermill Paper Co, (quar.) (quar.) common preferred (quar.) preferred (quar.) 4'/2% Hammond Instrument Common (quar.) (M. A.) 12-15 12-12 11-26 12-15 11-18 12-15 12-10 1- 2 1- 2 11-18 11-28 12-10 12-10 25c quar.) 12-10 11-25 2-25 $1.60 12-12 12- 2 $1.50 (year-end)— common 1-20-48 1- 6 Refractories— preferred (quar.) Corp, 15c preferred (quar.) 5% 2nd preferred (quar.) Harrisburg Railway (s-a) Harrisburg Steel Corp. (quar.) Wholesale 12-12 12-23 12-12 $1.25 (quar.) common Extra 5% 12-23 40c Harnischfeger 12-23 12-23 $1.25 12-12 12-12 12 '/2c Battery (year-end) Co, $4 prior pref. (quar.) Haskelite of America, class A 1-15 12-15 $1 5 1- 5 12-12 1-6 12- 1 1- 6 12-23 12-23 1-15 $2.50 (quar.) Co. Extra dividend 11-20 12- 1 11-20 12-20 11-20 100% + Inc. Glass Co. (resumed) 25c 30c 12-15 1-2-48 11-15 (quar.) 50c 50c 25c $1.50 $1 $1.75 $25c 34%c 25c 12-15 12-15 12-15 12-15 1- 2 1- 2 1-2-48 12-15 1- 2 12- 12-26 50c Industries, Hazeltine 2- 1 12- 1 $2.50 Hathaway Manufacturing 12-11 11-24 25c 95c 12-26 12-22 12-16 (year-end) Stores, Inc.^. Corporation Heam Department Co. (quar.) Heilman (G.) Brewing Helme (George W.) Co, common Mining 7% preferred (quar.) Paper Products, Ltd. (irreg.)— Hendry (C.J.) Co, 5'/2% preferred (quar.)_ Hendershot Cement Corp. Hercules Motors Corp Hercules Powder Co. (year-end) Co, common 12-12* 12- 1 1 11-14 12- 5 12- 6 12- 6 12-17 11-29 (quar.)— 12- 8 preferred Hewitt-Robins, (s-a) Inc. (quar.) Heywood-Wakefield Co, common (irreg.) Hibbard-Spencer-Bartlett & Co.— Monthly Monthly Hinde & Dauch Paper Co. (quar.) __ 50c 12-20 12-10 50c Creamery Extra 12-20 12-10 $3.50 25c $1.75 12-20 12-15 12-10 11-28 25c 12-26 25c 1-30-48 Hinde & Dauch Paper Co. of class B Co. 1- 3 12-24 Canada, Ltd.— (year-end) 12-10 12- 1 12-16 1-20 12- 5 12- 5 1 J 25c $1 Quarterly Mfg. 50c $1.50 Extra 1-2 12- 1 11-29 11-25 $1.50 (extra) A Furnace Co. quar,) (increased 12- 1 11-25 $1.50 Extra Holland 12-11 12- 1-15 $1.12'/2 preferred (quar.) 2 12-23 1- 25c B Hershey 1 12'/2c 25c (resumed) Corp. Mfg. Corp. Hercules 12- 8 75c (quar.) Common Stock 5 12-15 12- 25c preference non-cum. 4'/2 % 5 12- $25c (quar.) Ltd. Co, Hartman Tobacco 12- 12-15 37'/2c Co Chemical Co. 12-15 15c Extra Harshaw 11-26 12'/2c 12-19 12-22 5c Harrison Class 5 1- 2 25c 3-10-48 Co, Harbison-Walker 5 12- Co.— (increased Common Hanna 5 1-15 25c $1 25c $1.06'A $1.12'/2 Extra 12- 50c (quar.) 12- $12'/2c (initial) com. 12-15 12-20 25c Lamp Company new (W. F.) Printing Co. Class 12-10 1- 10c Engineering pfd. (quar.) Gulf States Utilities, common $4.40 preferred (quar.) Hobart 1-2 50c Gulf Power Co. $6 6% 11-30 12-26 $1.06'A Special 4% 12-26 $1.25 $50 Sugar Realty Halifax 11-10 $5c (quar.) Grumman Oil 12- 12-10 25c (quar.) (year-end) Corp. Guilford 12-10 40c (quar.) 7% 11-22 30c Oil Corp. Hecla 5* 12-12 $1.50 Wire, Ltd. (B.) No. Hayes 12- 11-22 $1.75 1 Hat 2 $75c Corp. com. (quar.) 4'A% preferred (quar.) Griesedieck Western Brewery Co.— New common (initial) $3 5* 1- 12-12 $75c (quar.) common Greyhound Hall 12- $1.50 (quar.) Tap & Die Corp Greenfield Hall 2 30c preferred Gulf 5* 1- $$1.75 (s-a) (quar.) Group 12- — (quar.) preferred Western 7% 1- 2 40c 2nd 6% 6 35c 12- 1 11-25 40c 12-20 12- 5 60c Son & (A.) (quar.) 12-20 12- 25c Extra Hollander 12-17 12- 5 5 6 12- 5 t6c 12-30 12- 2 75c 25c 50c 12-18 $1.25 $1.06'A 1- 8 12-31 12-19 12-15 12-30 25c Extra 1- Consolidated Hollinger Gold Mines, Ltd.— Quarterly Co, Inc. (year-end) Title Guaranty (Bklyn.) Holophane Home Homestake Honolulu Mining Oil Co. _ (irreg.) (quar.) (year-end) Electrochemical, $4.25 pfd. Hooker Corp. (quar.)_ 12-19 12- 8 11-21 12- 1 Hoover Ball (quar.) preferred Gibson 1 12-15 50c Georgia Power Co, $6 4V2% 12- 25c (quar.)__ Extra Products 6% 12- 11-19 12- 12-15 25c 1 com. Georgia-Carolina Brick & Tile $5 12-12 12-15 20c (quar.) 25c 10c common (quar.) Railway Signal Co, 6% preferred (quar.)_. Gerber 11-13 10c Phoenix Equipment 12-17 1 12- 25c Cement 1 12- 2 1- 2-2-48 Portland 12- 12-22 75c Precision 12-15 1 $1.25 General 12-15 I- 12-29 40c (quar.) preferred (quar.) General 12-15 (quar.') 12-24 $5 preferred General 50c (accum.) 1 $1 $1.75 (quar.i 12-15 28c 50c preferred Co. preferred 12-15 Phonograph— conv. — common 7% 25c Co 12- 50c 12-19 12- $1.75 Capwell 12-22 12-15 25c 12-19 ' Emporium 1 50c Cigar, common Extra Year-end 12- 25c 2 General (quar.) 12-15 31'Ac (quar.) (quar.) 2 General com. 1 — 1- General Empire District Electric Co., Empire Steel Co. (quar.) 12- 2c (quar.) 1- 12-16 12-15 (quar.) 12-24 12 '/2C Coal Investment 11-17 Erie Co. (N. (quar.) Year-end Extra 12-15 & 1 75c Extra 12-22 12-31 (year-end) 12- 40c B Inc Bottlers, convertible 11-24 12-10 1-2-48 Radio 12-15 t30c Extra 25c preferred 12-12 5% Builders 2 50c Common 12-22 15c — A Co, preferred West Saddlery Co, Ltd.— Hazel-Atlas dividend 12-15 80c — 1 4c 12-15 Emerson preferred (quar.) 5 1- Extra 12-15 Emerson class Co, 11-28 12-30 7% Mfg. 12-15 7% Extra 12- 1-15 25c Electrographic Corp. (stock dividend) Electrolux Corp. (year-end) Elliott Company (resumed) 7% 12-20 75c 12- (increased quar.) 11-29 Quarterly 12-15 Common 12-15 General American Transportation Corp.— 5% (quar.) 11-24 37'/2c 11-28 17'/2c Drug Co., 8% preferred Emerson Electric Mfg. Co.— 1-2-48 t$1.37 12-26 Alloys Corp.— (quar.) 5 11-24 t$1.25 12-26 25c dividend 11-19 12- 20c — 1-10 6c (quar.) 1 28'/a c 20c (quar.) 1- 12-10 34 %c (quar.i (quar.i pfd Northern Ry. Great 6 12-13 10c $7 Year-end 2 common General Special 5 2 20c Products Electric 12- 12- 1-10 75c Electric & Musical Industries, Ltd.— American shares (year-end) 1-1-48 12- 12-10 Gemmer 60c (quar.) Co 1 12-20 (year-end) $3 participating preferred A (quar.) $1.12Vb Co 1 12- 12-20 11-28 25c Auto-Lite Electric. Boat (Texas), com. (quar.) Gas, common 12- 12-10 8 ... 50c (quar.) 12-10 2 preferred (quar.) 5'/2% preferred (quar.) Gaylord Container (quar.) 100% Works 1 12- 5% $6 dividend 12- noc 50c Oil Dorado 2 12- Extra $25c (quar.) Extra Stock Co., preferred $1.621/2 A 11-15 1- 12-15 25c Eddy Paper Co., Ltd., class Eddy Paper Corp 12-15 12-20 40c preferred (quar.) 11-30 10c 12-10 25c (increased) 12- 12-15 Indemnity Co. — Extra Hart Gary (Theodore) & Co.— $1.60 1st preferred (accum.) Gatineau Power Co., common (quar.) 5 12-20 5 12-15 4c $2 7'/2C 40c common B 6'/2% El 11-29 5 (quar.) pfd. Extra Year-end El 12-12 $1.06'A (quar.) Year-end Class El 12- (Thomas A.), Class tax__ (year-end) Extra 37'/2c (quar.) common Extra 4'A% (Julius) Garrett 12-20 12- 20c Garfinckel 5 $2 12-15 30c 5 12V2C Brothers - (quar.) 12- 11-28 5 (initial quar.) Co, Inc, com. preferred 12- 8 12- 25c (Robert) 6% 2 12- Edison Gair 2 25c 12-15 10c 1- (year-end) 5 25c Company 1- B 8 8 12- $2.50 preferred (quar.) Corp. (quar.) Class 1212- 12-15 Co.— conv. conv. 11-28 Edison Gabriel 6% 5'/2% 8 Co. & Co, 4'/2% 12- Mfg. Schmidt 11-28 25c Eaton & B.) 12-19 (year-end) 12-19 12-19 $3 $1.50 (s-a) Brewing 12-12 A 30c 37V2C Year-end (D. American Great 37'/2c preferred 1-2-48 Class Terminal 30c non-cum. 25c Corp.— Lakes 37'/2c (year-end)__ Inc, common 55c (final) (quar.) Machine Great 25c Mexican dividend less 8% 50c com. (quar.) 5 37 'Ac common (quar.) preferred (quar.) preferred (quar.) preferred (quar.) Ave. Corp. $5 non-cum. pfd $1.50 preferred 12- 25c A Year-end (resumed) B Corp, the Loom, of Fuller (quar.) A convertible Eastman $3 Corp.— preferred preferred Eastern value, par Power 12-f0 12-17 6 12- 10c Lakes 12-24 12- 12-13 $2.50 $25c Gorham Manufacturing Co. (Irreg.) Grafton & Co, Ltd, class A (quar.) Great 6 12-13 $12'/2c 112 Vic (quar.) Great Co.— Year-end Fruit Fuhrmann preferred A (quar.) Association— Racing class (Benjamin) Hotel Co. Fresnillo 12-15 11-28 $1.50 Extra St. 12-15 1 12-10 B Extra Great 50c Canada, (Peter) Franklin 50c Iron___ Class 5 12- $12'/2c preferred 1 1-10 1 12-20 12-13 $1 (quar.) Gordon Mackay Stores, Ltd.— Class A (quar.) 12- 12- 12-30 $1 (quar.) 5 81'AC Brewing Co. (quar.) Louis Properties, $3 pfd. (accum.) Fox 12-15 $1.75 Malleable prior 400 Madison $1.12'/2 preferred 1-15 12-20 10c $1.50 Telegraph (quar.) Co, Ltd, 4% pfd. (quar.) Co, common convertible 12-22 4 5c Goodyear Tire & Rubber Co, com. (quar.)__ $5 12- 56'Ac F.) 12- 100% preferred Fox (quar.) (B. 12- 62'/a C 6% 1st pfd. (quar.) Wayne Corrugated Paper Co. (year-end) 2 1 State 12-10 10c (quar.) Foreign Light & Power, 2 12- $5 12-20 1 $1 Stock & 12-31 5% of (quar.) (quar.) 2 5c Haloid B 1- 12-30 (accum.) preferred Eastern Class 1- Coast 1 $1 Extra 12-10 (three East 12- 25c 12-10 held) 12-15 $1 (s-a) Co. Associates— preferred preferred dividend common each 1 12-23 (year-end) Corp. Co. Ford 6% stock $10 Co. 12- 25c Ford 5 Service— 12-15 25c 9 12-10 12-10 Co. Year-end 12-10 25c 112- 15c 12-20 12-20 50c (quar.) dividend Stock 11-25 $1 1 30c (cash dividend) Common 12-15 30c 11-28 Stores— 12-12 75c (s-a) Extra Coast Fair 3c (quar.) 12- 12-10 $30c (s-a) common 9 1 12-20 50c or America of Steel 75c (year-endi Brewing Co. (s-a) Paper Corp., common prior Mills 50c Co. 12-10 $1 1- 1 11-20 12-31 50c $1 B. Eagle-Picher 1-24 3-16 12-10 $1 class A 2<)c iquar.i (irreg.) Sulphur 1-24 87'/2c (extra) i_ Chemicals Inc. Texas $1.12'/2 12-16 4-1-48 quar.)___ Extra Grinnell $2.50 preferred (quar.) Food Machinery Corp. (stock dividend) 3¥4% convertible preferred (quar.) 11-24 convertible preferred Brewing Goodrich — (quar.) Power Corp. (quar.) Florida 12-10 12-13 (Utah) (s-a) Follansbee 12-20 Golden 75c — preferred Flour Co.— (quar.) $4 Gold 11-28 $1 Company, 12-16 12-15 Co. (increased) Corp., Ltd, 11-20 12-31 Indemnity Year-end Food $2 Co. 1 30c lirreg.) (quar.) & 1- $62V2c Nemours $3.50 preferred Duquesne Brewing 12-10 1 Ltd.— (year-end) preferred 12-15 12-16 $1.12V2 (s-a) Products 2 (year-end)(San Fran¬ Inc. $2 preferred (s-a) Common (optional cash or stock) 'A share of common stock 11-22 30c (quar.i iquar.i preference Common B 12-19 1- Fund, (s-a) York 12-12 5c preferred I.) Class First 12-10 25c Extra (E. A 15c $1.75 Bridge Co. Steel Class 75c (quar.i — (quar.) $1.75 (year-endi common & 5 — ______ Fund cisco) 11-29 (quar.) A — Industrial Firemen's 1 12-12 12-16 75o 1-2-48 2 12-27 25c $3 1-15-48 Extra Financial 1- J25C 4'/a% Goebel 50c (quar.) 1-15-48 933'4C (quar.i Co. Co., Tire B 1- 1- 12-12 $2 class America, 1- 50c 11-29 12-18 50c 8IV4C iquar.i 12-15 12-12 100% 1-2-48 (initial Extra Quarterly ^ of Co. 2-2-48 11-29 2 35c 2-2-48 1-2 Glidden Co, new common 3 10c ,. Extra $1.75 $25c 75c (quar.) 12- 22VaC ,. B 1 12-10 15c class A (quar.)___ 12- 50c Brick Shale Glenmore Distilleries Co, Extra 12- 12-15 50c Coal Glen-Gerry I- 12-15 22 '/2c Alden (quar.) Co $2 $1 (quar.) 11-29 12-22 30c Harvester $1 25c common 12- 12-22 5 1- 2- 2 25c (quar.) 15c $25c (quar.) 12-18 & Dyeing— Extra 11-17 12-10 1-23 25c Grand Rapids Varnish (quar.) Extra Finance Class certificates preierred preferred 1st 12-31 12-15 2 Co.— Cap & Set Screw Co. (year-end) Fiduciary Trust Co. of New York (quar.) 1-15 15c 1- Holdere Payable of Reo. 75c Machine Co. Class When 49 $1,25 — Gisholt 12-19 30c Gas United Cleaning 2-2-48 12-30 25c Ferry t25c $$1.25 12-19 10c preferred (quar.) Enamel Corp 7% 12-30 40c Extra 12-29 4 $1.25 (quar.) Curme Shoe Stores Common 1-15 12- 15c Common 1-15 $1 Dumbarton Duriron Screw J25c iquar.i A 4r'r Power $4.50 Federal t35c com. (quar.) preferred (quar.) Driver-Harris Pont 12-12 2-13 12-13 25c $25c Industries Dunlop 12-26 2-27 4 $2.50 Extra 15c (quar.) Corp., 4'/2% 1 Chemical, Ltd.— Corporation & 12- 15c Year-end Dresser 12-10 11-29 Fenton 12- 183Ac Quarterly Farquhar (A. B.) Co. (quar.) Federal Bake Shops, Inc. (year-end) Federal Mining & Smelting (year-end) Federal Mogul Corp— Federal Motor Truck 12-10 1 11-29 12-22 50c Extra Glen 12-10 62V2C preferred (quar.) Girdler Corp. (quar.) Gleaner $2.50 (quar.), 12-15 share (quar.) common Extra 15c Finance Corp. (stock dividend) Famous Players Canadian (increased quar.) Fansteel Metallurgical Corp — Farmers & Traders Life Ins. (Syracuse, Y.) Company $5 25c 1-2-48 1-16 12-31 — 37'/2c (monthly) Ltd., Y.) N. (year-end,) Products (The) N. 1-25-49 65c (Syracuse, Co. Insurance Fabricon 12-30 J 40c 2nd Draper 6% 12-27 15c preferred Easy Ex-Ceil-O Corporation (quar.) 2 $1 12 '/2 c Extra 15c ; Chemical $6 12-12 1- 6-30 50c (quar.) 90c (quar.) voting trust preferred (quar.) $2 12-27 Products 15c Co. Common $1 12- €2'/2c Mfg. Oil Common $7 12-10 25c common Dominion Tar & $2 Evans 20c 5% preferred <quar.) Dominion Square Corp., Ltd. (quar.) Dominion Stores. Ltd. (increased) ed 11-24 1-2 3-31 7-26 50c 11-29 12-10 12-24 4-26 $1 12'/2c 12-15 1 12-31 87'/2c tax State (s-a) Eureka Williams Corp. (quar.) $15c (quar.) preferred (quar.) Dominion Malting Co., Ltd., 6% Erie Railroad Co. 75c 7% 6% Pennsylvania 11-29 a2>/2% Extra East 11-29 11-29 15c Dominion 6% 2 12-15 37'/2c „ Extra Eaton 1- 12-15 50c Dominguez Monthly Monthly & 11-29 Family iquar.) Doernbecher E. 2 25c Extra Duval 1- 12»/2c Dixie Home Stores (extra) Dobeckmun Company Doehler-Jarvis (increased quar.) Durez 11-29 7'/2% Ordinary (interim) Corp.-Seagrams du 2 a2'/a% Distillers District Dunn l- Per Name of 2-20 1-25 $1 25c (quar.) Special 5% preferred (quar.) preferred (quar.) 4% preferred (quar.) Erie & Pittsburgh Railroad 7% guar, (quar.) Payment of 80c after deduction of 7'/2c 4% 15c (quar.) Disston (Henry) & Sons (quar.» Distillers Co., Ltd., ordinary (final) Dun 4% II-29 35c (quar.) Co Diebold, Inc. Disney (Walt) Productions, Inc.— 6% convertible preferred (accum.) 7% a 1- 2 (quar.) 3-15 $1 —, 50c Chemical Extra Duke I- 1-15-48 Bolder* Payable 0/ Rec. 25c (resumed) convertible preferred 50c When (2353) Gillette Safety Razor, 50c Almy Diamond Dravo 4% 25c (quar.) Alkali Diamond $4 Common 1 15c & Diamond $1 1 12- 25c quar.) Extra Dow 12- 12-15 25c Oil Share Name of Company Emsco Derrick & Equipment- 12-15 $4 Extra Devonian Dixie 2 30c B Diana 12- lc Extra Dewey 12-22 lc Raynoids, class A (increased quar.) Class Per Holdere Payable of Rec. 10c Detroit Mortgage & Realty (quar.) Extra Detroit River Tunnel <s-a» Devoe & When FINANCIAL CHRONICLE COMMERCIAL & 12-30 12-20 Stock dividend shares Hoover Co. share $1 com. (quar.) pfd. 12-16 Home 12-20 12-10 Hotels Statler 12- 5 12-20 12- 8 8 four 90c (quar.) Horder's, Inc. (Joseph) 12-30 25c 12- 1 12-22 20c each for 12-22 25% (One held) Extra 4'/2% 10c Co & Bearing Co.— dividend (year-end) Cash 1 (year-end) Co, 6% preferred Co. (year-end) 12-20 12- $1.12'A 12-30 12-20 30c 75c 75c 12-20 12-15 12-10 12- 8 12-"l 50 THE (2354) When Per Name of Share Company (year-end) Houdaille-Hershey Corp. com. $2.25 conv. pfd. Household 3%% . preferred Houston Houston Natural 5% & Co. (Texas), Co. Hubbell for vtc common- Motors (Harvey), Co. 12-12 12-29 12-12 12-15 12- Inc. RR. pfd. $6 11-20 1 $1 12-10 12-15 12- 50c (Leased 12-15 12- 12-30 $1 Lines) 12-20 12- 12-15 12- Lawrence 1 i- 2 12- 8 10- 12-31 tlOc Leatrt Industrial $2 - 5% Corp. (quar.) 6%% preferred (accum.) Ingersoll-Rand Co., 6% preferred (s-a).__ Inspiration Consolidated Copper (year-end) 12-10 3-10 (initial) Cigar Machinery International Preferred Educational Special Common 4>/2% (quar.) Corp. 10-31 Lit Brothers 6% tattle 1-15-48 12-15 11- 12- 2 2 12- Miami Speoial Special 5 Common 12-30 12-12 Loew's, $1 12-30 12-12 Loft t40c 12-20 11-20 12-20 11-20 Lone Canada, Ltd.— • International 75c (quar.) $4 preferred (quar.) j__ International Power Co.. Ltd. 6% 1st pfd. (s-a) International Products Corp. (year-end)____ International Railways of Central America— 5% preferred $4.80 pfd. (The) Interstate Natural Intertype Gas Corp. & 1-10-48 12-12 Louisville 12-27 12-15 Extra 12-31 12-15 pfd. C (accum.) Public Service, $3.75 preferred 12-15 12-15 12-15 Southern Utilities Ironrite Ironer Co. 12- 1 M. 12- 1 Mack Jaeger Machine Jamaica Co. Public Macy 12-15 $1.50 55c 12- 1 12- 1 1 12-15 12- 10% 12-31 12-10 Maine 12-15 11-28 Mallory 2 12-12 1- 2 12-12 Year-end Maltine Mangel Manhattan Shirr. Co. 11-28 2 11-28 11-28 xl%% 1- 2 11-28 1- 2 12-15 60c 12-20 12-12 51c 12-15 12- 5 55c 12-11 12- 1 (quar.) pfd. (quar. $1.75 i (quar.) (initial) pref. _ (year-end) pfd. $4 Common & Jones & 5% Laughlin Steel, K. pfd. & 7% pfd. (quar.) & Co. (quar.) 12- 12-10 11-28 12-10 11-28 2c 12-15 12- 5 2-14 2- 6 15c 12-15 12- 5 1- 2 12-13 1-2 12-13 11-30 1-. 2 12-15 -■ 12-15 1-15-48 1- 3 Canada, (quar.)__ Ltd. 12-10 137%c 12-20 iquar.l- $1.12% 1- 2 12- 1 1- 2 12-13 11-22 12- 5 12-16 2oc Mines, Ltd. (interim) 12-22 12- 1 $1.50 ; 12-22 12- 1 $3c 12-30 11-29 6V4C ___ Industries, common Manufacturing Co. (quar.) Keystone 1 12-15 25c Kerr-McGee Oil 12-31 11-20 3c & (quar.) Extra Mill (quar.) Kimberly-Clark, common convertible 2nd preferred preferred King-Seeley, Common Kingsport 5% (quar.) (quar.) Inc. (quar.) 1 12- 1 11-28 1- 2 12-12 $1 1- 2 12-12 1- 2 12-12 25c 1- 2 12-15 25c 20c (quar.) Extra 20c Kingston Products Corp. (s-a) Kinney (G. R.) Co., common Kinney Mfg. Co., $6 non-cum. pfd. Kirby Petroleum Co. (year-end) (D. 12- 12-15 12-10 $1.12 % preferred (increased) Press, 11-15 35c (quar.) conv. 11-15 12-15 12-15 $4 Wire 12-15 25c _ Steel 5c 50c Extra Keystone Klein 12-15 25c -Kerr-Addison Gold Kleinert 1 25c Kendall Company, 4 '/a % preferred Kennecott Copper Co. (quar.) 4% % 4 12- $1.12% Extra 4% 4 12- 12-15 Emil) (I. B.) & Co. Rubber (stock Co 12-15 12-31 12-31 11-29 12- 5 12- 5 10c (quar.)_ dividend) - 12-15 11-24 25c Knudsen Creamery Co., common (quar.) Koppers Company, common (quar.) 4% preferred (quar.)— 1-2-48 12-20 12-31 6 & 4V'4% Co. 12-26 12-10 $1.50 12-15 12- 20c 1 Electric pfd. 12- 9 1- 2 12-23 12-11 12-21 8 11-21 12-23 12-3 12-23 12-23 (quar.) (quar.) Mastic Asphalt Mathews (year-end) Corp. Conveyer Co. -- (quar.) preferred common (quar.) Mayflower Hotel Corp. (Wash., D. C.) Mclntyre Porcupine Mines, 1* 1* McKesson & Bobbins, common $4 preferred (quar.) McKinney Mfg. Co 12-15 11-29 McPhail Candy 5%% class Mengel A Co., (quar.) — Stores preferred Merchants & 12-12 10-14 preferred common (s-a) (quar.) —_— (quar.) Miners Transportation 11-25 Motor Wheel 12-31 12-12 t$1.25 12-15 1- Refrigerating Co. class A (quar.) B (quar.) Merck & Co. (com.) (Increased quar.) Extra $3.50 12- 2 12-10 1 12- 1 Mesta IOC 12-13 12- 3 Metal Forming Corp 12-19 Metal & — 12-19 7% Machine Co._ Thermit preferred Corp., (quar.) common (quar.) — 11-28 12-19 12- 9 1- 2 12- 1 1- 2 12- 1 12- 1 11-18 12-15 11-25 t25c Common 1-2-48 12-13 11-14 $12C 12-15 12-15 11-14 12-16 12- 2 12-16 12- 2 1- 2 11-28 1- 2 11-28. 2 11-28 +25c 1- + $1.75 1- 2 t $1.75 1- 2 11-28 1- 2 12-15 1- 2 12-15 1-15 11-26 11-30 2 12-19 11-28 1- 12-10 — 1- 3 1- 2 2 12-23 12- 1 12-15 1- 12- 1-20 1- 2 1 1- 2 12-20 common Works, Water Muncie pfd. 8% Muskogee Co. (quar.) Mutual Chemical Co. 12- 6 12-31 12-15 12-15 12-10 12-15 12- ) Namm's, Inc. 11-29 11-25 National Acme Co. 12-10 11-25 B (quar.) Co., common Casualty Co. — 12-1$ 1- 2 1 12-15 12-15 12- 5 1-15 1- 5 12-15 12- 1 12-19 12- 1 12-22 12- 9 1-15-48 12- 9* 1-15-48 12- 9 2 12- t50c 1- 5 12-31 Fire 1-15 12-20 12- $1.75 12-31 12-15 25c 12-15 11-28 25c 12-15 11-28 25c 12-15 11-29 1 12-13 1- 5 12-10 11-15 11- 6* 1 %% 12-10 11- 45c 12-10 11-19 $2.50 12-13 12- 2 $1.50 12-13 12- 2 for (quar.) 2nd preferred (Hartford) Insurance (quar.) 50c 1- 2 5* 12-15 50c National Folding Box 12-15 12- 8 — Lead (increased quar.) com; Extra. 12-11 50c 25c 25c 60c 12-29 12-10 12-10 1- 2 12-10* 12- 5 12- 5 12-12 1- 2 12-12 1- 2 25c 1- 2 75c 12-23 25c 1-15-48 25c 12-10 12-12 12-10 12- 5 National-Standard 1- 5 11-28 National Tea 7% preferred 6% pid. B A National- Sugar 5 12-20 12- 4 12-20 12- 4 12-15 11-34 2 1-12 15c 1-2-48 12-15 1-2-48 12-15 1-2-48 12-15 12-20 12- 25c (quar.) Co Machinery Co. Corp. 12- 15c com. Co National Safety Bank & Trust Co. Year-end National Steel 1-1-48 $1.12% $1.25 Corp., preferred (quar.) preferred (quar.) Rubber 8 12-22 12-12 $1.50 Service Radiator 8 12- $1.75 (quar.) (quar.) Linen 12- 12-19 25c (year-end) National Hosiery Mills. Ltd. (quar.) 12-15 $l5c —— —— _ 50c 50c $1 Exti'3# (N. Y.) $1 50c $1 (quar.) Refining 2- 1 — (quar.) (increased)—. 50c 1- 2 12-15 1- 2 12-15 12-12 11-29 1- 2 12-15 Co.— 53 V'bC preferred (quar.) preferred (initial)-- Nazareth Cement 7% 12-26 12-10 1st preferred 3.8% 12- 20C non-cum. 12-11 11-28 1-31 12- 8 12- 1 12-10 11-27 30c non-cum. 1- 2 •: 9 12- 12-12 (quar.) 5% 12-31 12-15 2-16 12-20 12-10 12-22 12-17 12-15 quar.) of a share (Del.) 3% National 2 12-19 $1 dividend (15/1000 share held) Dairy Products National Erie Corp.— National 1- 4 50c (quar.)__ Lines, Inc., common National National 1 11-28 12- 40c (quar.I preferred (quar.»___ (Detroit) (quar.) National Cylinder Gas— Common (cash dividend National 12- 12-15 35c — Stock 12-15 12-19 50c $i preferred A (quar.) National Container Corp. 4V\% 12-15 50c Year-end 5% 1-2-48 25c (quar.) Register Co. (quar.)— Cash National 414% 12-15 75c Ltd. Breweries, National . 12-12 1-2-48 $1.80 Extra $1.25 25c $1.75 20c , 35c $1.75 12-12 12-26 25c 25c National Gypsum Co. 12-16 11-29 11-29 12-26 40c Biscuit National 12-12 1- 2 12-15 12-15 25c (extra) National City 12-17 12-11 11-29 11-29 40c (increased) Corp. Nash-Kelvinator 11-14 12-27 1- 2 11-14, 12-15 12-15 10c 12-15 25c 11-17 11-14 $1.1R3% (quar.) National 12-20 12-15 8 12-15 $1 Additional National Casket Co., $7 12-30 1- 2 12- 12-15 25c 12- 3 133-iC 1 50c Corp. 12-3 12- 3 62 %c 12-10 $2 (quar.) preferred (quar.) (F. E.) & Bros. 6% 12-24 12- 2 1- 2 12-16 12-20 America— of 12-24 11-1 12- $6 30c Inc. (year-end) Murphy (G. C.) Co. com. (extra) 434% pfd. (quar.) Murray Corp. of America Muskegon Piston Ring 12-19 1-2-48 11-21 1- 40C Nachman 12- 1 12-1 12-13 12J19* 12-15 12-18 — Myers 12-15 12-15 1-1-48 12-30 1- 2 2 12-10 62V4c (s-a) Manufacturing com. class 12-13 12-24 3 30C Extra Mullins 12-20 12-20 12- 1 11-28 12-15 20c (s-a) Co Brass 1- 2 12-15 12-10 12-15 12-30 30c participating preferred Participating 5% Mueller 1-15 1-15 50c 37%c 37 %c 11-23 12- 12-31 30c Brewing Co., Munsingwcar, 12-15 12-16 12-10 30c 12- 5* 11-21 12-19 30c (s-a) Extra 11-28 1-15 12-15 12-19 12-29 12-31 Inc.— Fuel Producers Muehlebach 12-26 $1.06V4 25c 12-29 37V4c 30c 12-26 12-10 11-28 10c Mountain 12-15 12-10 1- 2 12-19 1- 87 V4c 50c (year-end) Supply Mountain 25c 30c $1.50 40c 25c 1 63V4C 40c Corp. (quar.) Motorola, Inc. (year-end 1 Mount Vernon-Woodberry Mills, 8 13%c 62%c : 12-20 $2 (quar.) pfd. 12-26 87%c preferred (quar.) Publishing Co. (quar.) Mergenthaler Linotype (irreg.)—Messenger Corp. Messer Oil Corp Meredith 12- 2 4%% 11-29 1-15 Co.— Quarterly Merchants t25c 1 25c Motor Products Corp 12-18 1 50c 1st 12-18 25c 12-15 25c - convertible 9 593/sC 12- 25c (accum.)- common Year-end Mercantile Class preferred 12-15 National preferred (initial) Telephone Co., 5% pfd. (s-a)— Megowen-Educator Food Co.— 12-15 1- 37% c Morgan (J. P.) & Co. (quar.) Paper Mills com. (quar.) 1-2-48 Corp.— convertible 12- 2 62 V2C — Morris $3 25c 60c 12-15 $1 1-15-48 4c 1-2 Meadville 8 1- 593/«c ———— — convertible $2.50 12-15 — quar.) (initial common Extra each (quar.) 9 12- Moore-McCormack Lines— 11-3 12- 5 11-28 12- 15c r—-—-7— 12- Ltd.— Year-end 12-17 1- Extra 12- 12-15 12-15 t$103 7% New 12-20* t55V2c 4% 11-29 2 t$1.50 12-15 1 1 12- 1- 1-2-48 62V4c Ltd.— (quar.) Corp., 12-12 12-15 12- 75c Co., Ltd., pfd. (s-a) McCord Corp. $2.50 preferred (quar.) McGraw (F. H.) <fc Co. $1.50 pfd. (s-a) f25c 2 __ preferred (annual) Ltd., common 1st 11-26 1- t30c (quar.) (annual) 12-15 12-15 $$1.00(4 M.) 12-23 $1 5% 11-28 12-15 $2 J43c Montreal Refrigerating & Storage, Moore l'Ac 1- tic Chemical preferred 11-28 12-16 — (interim) Ltd. Porcupine Mines, Common 12-15 12-16 20c 50c (quar.)__— Equipment 5% pfd. (quar. )1— Co., $3.50 pfd. (quar.) — Montreal Cottons, Ltd., common (quar.) 7% 2 25c 1:$1.12V4 r—- Monroe Auto Monroe 6 12 '/2C (quar.) (quar.) Monarch Machine Tool Moneta 11-15 t50c Ltd.— quar.) (increased preference 12-15 20c preferred (quar.)- — preferred A (quar.) 7% preferred B (quar.) Moore Drop Forging com. (quar.) 434% conv. pfd. (quar.) 25c 50c $50c --62%c r— (Lt 12-12 2 .4(4% 11-26 75c m'/aCi :— America of Knitting Co., Common 12- 12-12 50c (quar.) Corp. Molybdenum — r— Extra Company Extra 25c 1- Ltd. Molsons — Initial McBrine (s-a)_ Mojud Hosiery Co., common— 5% preferred (quar.) Molson's Brewery, Ltd. (year-end) $1.75 Works, Year-end Maytag pfd. 4% Mills Carpet 11-30 12-15 30c —* J,r. ir-r.n 1, Containers, Ltd., class A (quar.i Modern TOol Works, Ltd. (quar.) Mohawk 11-29 11-29 8 15c Corp RR., Birmingham & 12-12 12-12 12- — ^ Service 25c Alkali 5% 40c 2' Mobile 1 $1.25 (quar.) Corp. 30c Mathieson 11-25 20c Modern 12- 3 12-23 12-10 47C —— Public 12-22 12- 50C quar.) Corp. OiftSS 12-11 12- 12-15 1-15 12-16 50c (year-end) Regulator Co- Mississippi Valley Barge Line Co. (year-end) Pipe* Line, common 11-27 12-21 1- 2 15c (quar.) Appliance $1.06V4 5c $25c 60c (quar.) Corp Extra 7'7o preferred Mission 12-15 $25c 9-29 80C Missouri-Kansas 12-11 1- 6-20 25c (quar.) $20c $17%c 40c (quar.) Mar-Tex Realization 5% 5% Mission 12-22 12-31 7-2-48 Street Fifth Minnesota 2-23 $2 (quar.) formerly preferred (initial quar.) Valley Canning Co., class B $4 3-20 25C 10-2-48 (quar.) Common, (increased 2-23 Ltd.— Extra 50c Common 11-21 $1,10 3-10-48 (quar.) J.) 67%c Son & Marshall Field 7% (D. 60c (M.) Co. 12- 1-1-48 Co. (quar.) pfd. (quar.) Master 1-5-48 Telegraph Common 7% Marsh Ltd. 12 %c (quar.) (quar.) of 80c 12-10 -SOc 3-10-48 t25c $1.25 preferred (quar.) 5% Massey-Harris, 25c Special Marathon Corp., 2 $1.75 (quar.) Extra Kellogg Company 2 60c (interim) Ltd. Maritime Telephone & 12- $1.50 Drug Co., common $4 .50 preferred (quar.) Corp. Gardens, 11-28 9 5c (quar.) Katz -Kelvinator Leaf 12- 60c __ Electric (Julius) Maple . 3-20 (quar.) Minnesota Mining & Mxg. Co.— 12-15 60c (quar.) Extra 12-12 $2.25 quar.) Mfg. Co Kansas Gas Kilbu-rn 2 60c (increased Battery Co. (quar.) Kalamazoo Vegetable Parchment Co. Kayser 2- $1 W. $6 2 50c . Extra Justrite 1-12 2- 1-31 »$1.25 common A (quar.) & Supply, common preferred (s-a> Manufacturing 12- 1- 2 t$7 Semi-annual 50c (quar.) Mfg. 4V2 % 2 (extra) Mapes Consolidated Mfg. Co. 10c Machine preferred Joslyn Joy (extra) Lamson 1-31 $1 2nd pfd. A (quar.) 3%% 2nd pfd. B (quar.) 2- 87 %c (s-a) 4% Jones 12-19 Manufacturers Life Insurance Co. (Toronto)— 2 8% 1* 35c (quar.)_ 11-28 1- new 12- 25c Company, 4(4% conv. pfd. Stores Corp. (quar.) 11-25 1- Johnson (quar.) 2 Xl3/4 % & (quar.) Co. 2 Xl V4 % Johnson & 1- (quar.) Johns-Manville Service R.) 1- (quar.) Stores, Inc., (P. 12-10 (quar.) Co. Public 40c C Tea 1* 12-19 50c $25c B Brown 12- 20c (quar.) (quar.)_ preference Jim — com. 11-28 com. 4-2-48 25C (quar.) prior Minneapolis-Honeywell 1 Ltd.— 12-22 preference jewel Structural Steel, $3c 5% Jeannette Glass Co. 7% Consolidated Inc. x$1.75 Ltd., 25c preierred prior preferred preferred prior preierred prior %c (s-a) (interim)- Ltd. 12-20 $2.25 10c Co. (R. 37 %c (increased) D M. & Drug Stores Co. Mahon 1- 12-19 $1.50 Magma 12-15 15c 11-17 $17%c 1-15-48 (quar.) (quar.)___ Copper Co. (quar.) C.) & Co., new common (initial) Maine Central RR., 6 % prior pref. (quar.)_ 12-15 7% preference Ltd. pfd. 25c preferred 5% M. Mading 2 7% A _ pfd. (quar.) (R. H.) & Co._ 12-15 2 25c Co., Service, (s-a) MacKinnon 20c Mines Co. 12-15 2 (quar.)_ 1-2-48 25c (quar.) 1-15-48 1- dividend) 25C — 88c 15c (quar.) RR. Mortgage M.), Trucks, 1- Co (stock ;,.9-20 Inc., common preferred (s-a) Minneapolis Brewing Co. 5* $1.75 $2 : (year-end) MacKinnie Oil & Drilling 12,-15 10-2-48 (quar.)_■ 5% 11-17 12-17 25c Nashville (W. & 1- Extra Mountain J. 933/4C Irving (John) Shoe Corp., 6% pfd. I-rving Trust Co. (N. Y.) (quar.) 12-17 12- 25c (interimi common 12-15 $1.75 (quar.) 15c , 25c (quar.) Mfg. & Sales Co. (quar.) Lynchburg & Abingdon Telegraph Lyon Metal Products (quar.) $1.62 % - common 12- $20c 1-15 ■ 12-15 12-20 87%c Ludlow 12-26 5% (quar.) ___ 1 . Lowney 12-15 1-15 t75c — (initial) com. Extra 12-31 40c preference (quar.) Iowa Electric Light & Power Co.— 7% preferred A (accum.) €%% pfd. B (accum.) Co. Title $35c (interinft) com. convertible Island Louisville 60c Foundation, Ltd., 6-20 25c $1.50 pfd. Stores, common 12-10 $2 37%c quar. 12-11 11-12 1 7-2-48 4C 20c Increased 1 1 $1 Extra Investment Ltd., (quar.) investment Co. I- 12- 25c $1 11-28 1 15c (quar.) Co., 12- 30c (quar.) 4-2-48 Hart, Missouri 1- Louisiana Land & Exploration— 50c (year-end) (quar.)__ _J._ preferred Angeles $1.25 —1 Stores 12-12 $1.75 37%c 50 c (P.) $1.20 (quar.) (interim) Co., common preferred (quar.) prior Department Iowa 2* 433/4C" pfd. <(jiur.)-_— 7% Corp., Interstate Iowa 12- 12-20 25c & Refineries Milliron's 12-23 75c Gas $1 Bakeries Hiterstate 6% 12-16 preferred Extra 5* $1.25 Year-end 6% 12- Cement Star 7% 11-24 12-15 Star Lorillard 12-10 1 $1.25 $1.50 Interstate 2 Lone Los Common 5% 1- 12-10 $2 (irreg.) International Silver Co. 11-24 $$1.50 (accum.) International Salt Co. 11-24 12-15 — Year-end 11-24 12-15 $1 (quar.) common 12-15 $1 Paper, Extra 11-29 1-2-48 Monarch (quar.) t40c of 11-14 25c $1 12-23 2 10c Corp.—— Extra Co. 2 1- $1.50- (monthly) Inc. Candy 1- 37%c (quar.) Pipe Co., 8% Quarterly Nickel 11-14 12-15 12-15 $1 12-23 50c quar.) (irreg.) London Hosiery Mills, Class A (quar.) International 12-15 3714 c $1 1 2 common).:.. pfd. (quar.) guaranteed Lock Joint 5 (resumed) 15c (s-a) Common RR.— guaranteed Original capital - 40c L_ share of : 12-15 $$1.12% _ (3la (increased 12-31 Chemicals— (quar.) preferred (quar.) '■ Co. — Common 12-23 50c " (s-a) common 12-10 Commoh ■ (cash dividend) dividend Oil 2 1- $1.25 (irreg.) — Extra 11-28 Ltd.— — International Minerals & Common Stock 12- 1- 5c (quar. ) Line.Material Co. Lion 12-15 30c preferred Co., preferred Miller 11-28 30c Lily Tulip Cup Corp Lindsay Light & Chemical 2-19 12-10 12%c j 1-15-48 $40c $1 i Oil Mid-West 12- 5 5c Liquidometer (quar.) !' (quar.) ^ $1 (quar.) com. Industries, A preferred 7% Publishing—- Co., (quar.) Glass (quar.) Company 2 12C 11-22 (quar.) Corp Extra 8% 12-31 11-28 Co. 50c Inc.- Brothers, Ltd. $1 Metal "class 12-15 11-20* 12-10 20c ________ -International 40c $25c 1-31-48 50c 12-10 Refineries, Extra 12-15 12-15 11-14 Bumper Midwest 12-15 5c 1- 2 12-15 30c (accum.) Harvester International 4% 1-15 $1.50 11-14 12-10 Class B 8 $37 %c (quar.) common International 12- 9 12-15 12-10 2 8 12-23 $1 12- 45C 12-22 2 Life Insurance Co. of Virginia Liggett & Myers Tobacco— 3-1 12- 12-31 l- 6 2 1- $1 International Business Machines New 3-10 12-23 1 1- preferred Extra 1 5 50c Midvale 12- 1 50c 1 $3 _ International Bronze Powders, Ltd.— *6% participating preferred, (quar.)— 1212- 12- 12-15 62Vic 11-25 12-10 16c _ 12-10 16c (accum.) 12-12- 16C quar.) preferred 12- 12- 11-25 12-15 $3 Liberty. Fabrics of N. Y. (quar.) Liberty Loan Corp., class A 1 12-20 12-12 $1 (s-a) 12-15 12-10 Year-end 1-15 1 75c (increased Silica, 6% % 2- • 10c Rayon Corp. Co. Midland Oil Corp. $1 conv. pref. 25c 11-25 2 Libby-Owens-Ford 12- : preferred 40c 12-19 1- 12- 4L- 1- Leslie Salt 12-15 15c Industrial Cement common Lewis 20c Industrial (s-a) 12-11 12-12 12-15 1-15 11-26 $75c 11-20 2 1- 15c 11-25 11-26 12-15 12- 4 12- 1 $1.6214 60c Michigan 12-12 12-15 12-15 Holdert 1-2-48 $1.50 (quar.)_ 12-20 12-27 preferred When Payable of Rec. 9714c Mickelberry's Food Products $2.40 pfd. (quar.) 12-20 $1 (accum.) 6% 12- 5 2 1- 2 25c 12-1 (quar.) Extra Co., 1 12-31 (quar.) Industrial Bancshares tquar.)_ Brownhoist pfd. conv. 1- 75c 1 12-31 12-15 25c Leather 12- 12-31 preferred Industrial C.) 12- 12-31 — _ 7% 12-1 J50C t$1.06V4 $$1.25 (increased quar.) 12-24 37%c ._ (quar.) Portland & Leonard (quar.) 1-10 (quar.) Leland Electric Co. (year-end) 12-12 tl2%c class A preferred' 6%-% >- 11-24 (quar.) 11-18 1-2-48 8 25c Extra Acceptance Corp., Ltd.— non-qum. Extra 4%% $1.25 12- $1 $2.50 (quar.)"——L'. A 11-24 25c Lawyers Title Insurance, 6% preferred (s-a)' 9 12- 8 62%c Year-end Indianapolis Water Co:— preierred (irreg.)— (quar.)— Extra 12-11 3% tmperlai Chemical Industries, Ltd.— Ordinary (interim) Imperial Tobacco Co. of Canada. Ltd.—— 5% (A. Lawrence $2 Co. Langley's Ltd., — (s-a) 1-15 15c Extra 5 $1 (accum.)_ preferred Lane-Wells 12-20 12- 3 1-22 15c Landers, Frary & Ciarx (quar.) Lanett Bleachery & Dye Works (quar.) 1 12-10 50c $2.50 1 11-15 15c H.), Inc. (extra) Lamson & Sessions Co., common Common (irreg.) 12-22 12-15 50c (M. 12-29 Metropolitan Edison Co., 3.90% pfd. (quar.) Meyer (H. H.) Packing Co.— 6(/2% preferred (quar.) Michigan Associated Telephone Corp.— 11-18 12- 8 $18c (year-end) 12-11 12-19 50c Machine per 8,1947 Share Name of Company 11-18 $1.21% (quar.) Ishpeming RR. Co Foundry & Lamston 11-10 40C (year-end) Products Central guaranteed 11-14 12- Holier a 12-11 $1 Extra 12-10 12-15 $1.25 (quar.) Pressed Brick, Hydraulic Hygrade Food 12-20 31»/4c preferred Lakey When Monday, December Payable of Reo. 50o Year-end. 12-10 t75c (quar.) Mining & Smelting Hudson Pu'.p & Paper Corp. 5% pid. A (quar.) Humble Oil & Refining Co Hussman Refrigerator Co. (extra) Huttig Sash & Door com. Bay 12-20 share (quar.) CHRONICLE 25c Lake Superior & 12- 5 40c Co. (S. H.) & Co. (extra) Kroehler Mfg. Co., 4%%' preferred A Lake Shore Mines, Ltd. (quar.) 2 12-20 Company S.) Kress 12-12 15c (extra) Extra Hudson 4% 12-29 12-29 $2 Electric Illinois 11-20 50c (quar.) 5 % 12-31* 50c Oil Howell 1-15 12-10 50c. (S. Extra 12-31* 50c com Sound Howe 12-20 2 62 %c Gas Kresge 933/4c (quar.) Power pfd. (quar.) Houston 1- FINANCIAL Per Name of 5 1-15 50c (quar.I (quar.) Lighting 12- 12-20 56 V4C (quar.) Corp. com. Finance & Holtert Payable of Reo. 50c — COMMERCIAL preferred Co., (s-a) common 2-15 2-5 2- 5 47 %C (year-end)__ 2-15 75c 12-15 11-28 $3.50 12-15 11-28 Volume 166 Number 4653 THE Per Name of Neisner Company Brothers Share. tquar.) Extra (Herman) Nestle-Le Mur New England New A England Lime Fire Insurance (quar.) 4%% New Haven New Mining New Air York Extra New 6 %. Louis RR. pfd. <s-a)___ (s-a) Mfg. Co. (year-end) Corp. (year-end) Mining Electric 25c 2 12-22 12-19 1- 12-10 1- 2 1- 2 12-10 12-12 1 inc. tquar.) & Dry Dock 5 12-19 12- 12-10 11-30 Noranda 8 & (increased) Western Railway (initial American Car 19% Power, Philco 12-15 12- 5 tquar.) _ be 12-10 11-12 Pitney Bowes, Rayon, Central Texas class Oil Penn Railroad North River A 12-20 North Star Ltd. Oil. Co. 11-29 15c 7% Northern Northern Natural Northern Ry. Greyhound Lines Northland pfd. 12- 12-10 3 12-6 11-25 30c 12-20 12- 5 12-26 12- 2 2-2 1-2 $9 12-10 11-29 1- 2 12-20 2 12-16 12-10 11-17 each 10 15c dividend) (stock Oil Corp. Ohio Confection Preferred preferred (quar.) Ohio Tube Seamless Ohio Service Oils pfd. (quar.)__ (irreg.) Co. Holding & Industries. Old Olin Industries, Omnibus Corp. Oneida, 6% Ltd., Inc., pfd. 4% A of payment Co. Power Fibre Brush Paper Common Co. Pacific Co., common Extra £iiock • shares 20 Co., Mfg. Pan-American additional share Eastern Common (s-a).: preferred Paraffine 1-15 Chemical Co., 11-21 1- 2 12- 12- 1 5 11-30 12-12 12- 12-15 12- 1 1-15 50c 1- 5 12-23 1- 2 1-2 12-12 12-18 12- 12-22 $3.75 12-22 11- $4 12-22 (year-end) convertible preferred (quar.) Transportation (quar.) " 50c 1- 2 12-15 1- 2 12-15 12-15 12- 1 12-15 12- 1 12-15 12- Common t40c 1- 2 12-15 12-10 11-28 Peerless Cement Penick & 1-2-48 12-16 75c 12-23 12- 12-19 11-28 15c 12-15 8 12- 1 1 Peninsular 2%c 12-15 12- 20c 12-24 12-13 12- 11-17 Telephone Co.. 12-15 11-29 $35c $0.2083 12-15 11-29 1-12-48 1- 2 1-12-48 1- 2 25c (year-end) 12-31 12-15 12-13, 11-28 $2 (quar 50c 1-1-48 50c com. Extra 12-20 F"*> $3 preferred 8 $1 Corp Ford, Ltd. (quar.) St. Louis St. Public (quar.)_- (interim) com. Bank & Trust (N. 25c t Y.) 3-15 12-10 11-15 1-15 12-15 common Co., 1-1-48 12- 1 12-15 12- 5 2 12-19 11-28 12-20 11-28 12-15 11-14 $1.75 11-14 12-15 11-14 60c 12-15 11-14 50c 1-15 12-15 $1.25 1st pfd. 12-31 11-28 $1.75 pfd. (quar.) (quar.) 12-31 11-28 $1 1-2 1-2 $1.75 12-15 12- 5 preferred-, 12-15 30c 1-1-48 50c 12-15 11-28 1st 5% convertible (George) Fund Loan (quar.)__ (irreg.) A Co. com (quar.) Co Quaker Oats Co. com. 11-28 25c 6% pfd. (quar.) Quebec Power Co. (quar.) Quaker State Oil Refining 12-15 $1.50 (year-end) 1-10 $1.50 2-28 12- 1 $4.50 A 2- 1 |25c 2-25 12-15 11-28 $12%c 12-15 11-30 2y2c 12-15 12- 1 25c 1 12-15 12- 1 $1 1- 2 12- 1 50c Raybestos-Manhattan (year-end) Rayonier, Inc., $2 preferred (quar.) Reading Co. 4% 2nd pfd. (quar.) 1- 2 12-12 1st 1- 50c Company Silk Hosiery Mills, common (quar.) Extra preferred (quar.) 12-18 11-20 12- 12-15 11-25 12-15 $1.25 preferred (quar.) Red Owl Stores, 4%% pfd. A (quar.) Reed-Prentice Corp. (quar.) Reeves Brothers, Inc. (quar.) Regal Shoe Co. (irreg.) (cash dividend) Stock dividend (One share for each $1.75 $1.18% 30c 25c $2.60 Water Service 5c 1 11-25 1- 2 1- 2 Air Line conv. 2 12- 1 12- 2 RR.f 5% preferred A com 1- 2 12- 3* 12-15 12- (quar.)__! pfd. of 5% Grain Co., Ltd., 4% pfd. (quar.)„ RenanCv. Insurance Co. (Phila.) (s-a) Reliance Mfg. Co., 3%% conv. pfd. (quar.) Reliance Stores, Inc. (s-a) Remington Rand, Inc., common $4.50 preferred (quar.) Investors Fund, 1 12-10 12- 1 20c Extra 12- 30c (quar.) 12-15 12-31 12-19 t$l 12-15 11-28 Semler & Co. (R. common 6% preferred A (quar.) 6% preferred B (quar.) Republic Petroleum Co.. common Serriok Corp., Class B dividend class A ; Shattuck Co. (quar.) Shawinigan Water Union Oil & Power Corp. Revere Copper & Brass Metals p-'^'vion "npii Co. (quar.) 5%% com. dividend convertible pfd. (stock preferred Class B (quar.)__ dividend). (quar.) (quar.) (quar.) Simmons Co Simonds & Steel Co. Year-end $1.31% 10% 7v $1.37y2 2- 2 1-10 12-31 12-10 12-31 1- l 17-10# 12-19* Skelly Oil Co. (year-end) Skilsaw, Inc. (stock dividend) shares of 12-10 1 11-10 1- 2 12-10 1- 2 12-10 1- 7 12-18 12-15 12- 4 $1.25 1- 2 12-15 1- 2 12-15 12- 8 11-28 12-11 12- 22c- 12-15 11-25 12-15 11-25 - 3 12-15 11-25 12-10 11-18 1-2-48 12-17 12-31 12-12 12-22 12- 2 12-22 12- 2 2-25 12-16 12- 5 12-15 12- 3 25c 1- 1-16 2 12-15 59%c 12-31 12-15 60c 12-10 $$1.75 1- 11-29 2 12- 11-27 11-29 12-10 11-29 12-10 11-29 12-10 11-29 12-10 11-29 25c 12-10 11-29 12-15 11-28 12-16 12-15 12-24 12- 12-24 1 12-15 i $1.50 12-12 12-12 $1.25 for common (initial each 12-17 12-10 12-10 11-14 11-21 1 11-21 11-12 share quar.) 12-12 30c Sloane-Blabon Corp., 6% pfd. A (s-a) (Alexander) & Sons, common (quar.) 1-2-48 12- ••• 1 12- 12-12 $3 1 12-24 Extra 35c 12-10 65c Extra Smith-Alsop Paint & Varnish 7% pfd. (quar.) Socony-Vacuum Oil Co. (quar.) 12-10 11-10 12- 1 11-20 12-15 11-14 87%c 20c 15c Sommers Drug Stores conv. pfd. (initial quar.) Sonotone Corp., common (quar.) Extra 12-15 11-14 1-1 12-15 10c 12-19 11-19 Co. Oil 12- $1.37 25c & 1- 2 12-15 5 1 12-15 12- 5 Gas, com. (s-a)_ 12-15 $1 (extra) (quar.) Penn 11-19 12- 12-15 12 %c Works 12-31 12-15 25c 12-29 12-10 62%c (quar.) 1- 2 25c com. (quar.) Extra 12-19 $2.50 Extra Porto Rico Sugar < 12-31 25c (increased) preferred 12-19 31 Vic _< Lathe 11-10 12%c 5c Manufacturing 12-19 $1 1- 2 12-5 12-19 12- 5 12- 5 12-16 $1 8% 8% pfd. ($25 par) (initial quar.) pfd. ($100 par) (quar.) Southern Advance Bag & Paper, com. (quar.) 1- 2 12-16 50c 1- 2 12-16 $2 1- 2 12-16 California preferred preferred Edison (quar.) 20c 12-31 12-10 55c Extra Ordinal 5 11-19 1 $$1.12% 200% common Southern 9 12-26 12-10 — held 4.32% 11-10 12-15 12- $1.50 Extra 12-10 2 12-10 20c 12-20 2 12-31 10c Simpson's Ltd., 4%% preferred (quar.) Singer Manufacturing Co. (quar.) Carolina Electric 12- 1-10 $1.10 (extra) (quar.) Bend 12-9 12-15 1-15 $1 Saw Simplicity Pattern Co. South 12- 5 12-11 $50c _• preferred South 1 1-10 5 12. 12-15 25c (quar.) Silknit, Ltd., 5% Extra 1- 12- 2 $1.50 Signal Royalties, class A 1-15 12-22 1- 50c 1-15 12-22 12-15 50c (quar.) 2-2-48 25c 12-15 $2.50 $1.50 B 2-2-48 25c 12-20 $25c Extra Soss $1.50 (resumed) (quar.) Extra Class South 2 25c (year-end) Breweries. Ltd. (year-end) Oil & Gas Co., class A (quar.) 12 y2c Republic Steel Corp., common (quar.) Extra I prior preferred A Corp. 4%% preferred (quar.) Shepard-Niles Crane & Hoist Corp Sherwin-Williams Co. of Canada, Ltd.— 7% preferred (quar.) South 12-20 1- $1.50 (year-end) Manufacturing 9 12-10 2 $30c (quar.) 12- 11-25 11-25 1- 25c 1-2-48 11-25 5 25c $1.12% 2 12-12 50c (Frank G.) 9 1- 1-16* 30c 12- 12-10 12- 11-29* $1.12% (year-end) (quar.) 1-2-48 12-10 12-15 12-12 2-1-48 25c _ T 25c 2c 11-29 5c $1.25 convertible preferred A (quar.) Sorg Paper Co., common (resumed) 5%% preferred (quar.) 5c 12-15 12 %c 12-15 25c 8 11-29 $1.12 common 15c Extra 5 12- 15c Inc., 15c Republic Pictures Corp., $1 conv. pfd. (quar.) Republic Realty Mortgage (annual) 12- 12-15 25c tax_ (quar.) ! (quar.) $4.50 preferred Sharon Steel Corp 5% 12-10 12-18 20c 12-15 ^ 2 20c (quar.)___ 1-1-48 Inc.— 12-13 1- 12-20 31 %c 50c 8 12-20 25c (quar.) 50c 11-21 1 B.), Inc.— Less 8% Mexican 11-21 1 12- 12-11 25c (quar.) 87^c 12- 12. 2 65c Delaware Refrigerator Smith 1- 75c Co. Seeman Bros., Inc. (quar.) Seiberling Rubber Co. 5% pfd. A 4%% pfd. (quar.) Selby Shoe Co 1 12-15 35c Acceptance Corp., preferred A (quar.) New 12-15 50c Oil Roebuck Two 11-21 $1.02% (quar.) Securities 12-12 1- 12-15 12-12 5 12-10 Co.— Extra 20 shares held) Paper Corp. 8 12-15 15c (quar.) Fair 12-11 40c preferred 50c 40c non-cum. Reading 12- 12 %c Extra 12-15 5 12- 11-21 17 %c pfd. Seaboard Finance Co. 1-16 70c (year-end) Rand Service Stores, Ltd. (irreg.) Rand's (Pittsburgh) (quar.) Rapid Electrotype Co 12- 12-16 12-10 $1.12% (quar.) Common 4.10% Signal 12-15 15c preferred Seaboard Sick's 9 Inc.— (quar.) Scranton-Spring Brook 12-12 12- 60c Scruggs-Vandervoort-Barney, 12-15 12-20 5 9 1 1- 85c 12-15 12-20 5 12- 12- 25c Shellmar Products Corp., common 2 .12- 12-23 12-19 50c (quar.) Sheller 2 12-23 1 25c 11-28 1- 11-30 25c 11-28 1- 12- t 50c (year-end) (quar.) 12-10 $2 , 25c 12-15 25c pfd. 12.-11 75c com. 1-1-48 1 11-28 12-15 $1.10 Co $1.25 12- . Associates, 35c pfd. 12-15 50c pfd. $1 Co. 5 12-10 25c Paper Co., common $3.40 preferred (quar.) Scranton Lace Co Shell 11-23 12- 2 $4 Extra $1.18% 1- 4 50c Extra Serve), 11-28 12-10 12-20 41 %c Extra (quar.) 7% 12-15 $1.25 12-10 75c Arms Seeger 1- 12-15 35c 12-10 $1 Extra 45c (quar.)_ com. 2 25c (quar.) (quar.) 4.40% Works Company 5% 1 1- $1.25 Remedial Jose Water Sears 12- 12-10 2 Inc.— Semi-annual Seaboard $2 J., Extra 5%% 12-15 12-15 t$2 (monthly) (monthly) Reynolds 3- 5 12-19 12-19 $1.25 (quar.) 12- 5 1-15-48 1-15-48 — (quar.) 12-15 1 1 11-21 $l%c (quar.) Corp., Pyle-National 6.% 12- 12-31 , , 1- 25c $1 Oil Republic 12-15 $30c 25c Extra 'ianc- 1 50c of N. Industries, Inc.— preferred (quar.) Puget Sound Pulp & Timber, 6% Pullman, Inc. (quar.) Reigel 5 12- $35c $4.75 7% 12- $75c Co. of New Hampshire preferred 5% 2 12-15 $$1.50 (quar.) of Public Service Co. of Oklahoma 4% Real 1- 25c 6% preferred Public Service Electric & Gas— $5 preferred (quar.) 4% 11-25 $90c Metals preferred Putnam 11-21 12-31 45c (quar.) Canada, Ltd., preferred Pure 12-20 1 12-15 50c Co., Service Paper rrancisco San 12- 37%c Rocky Mountain & Pacific Regis ban 12-12 12-10 12-15 25c Common preferred preferred 7% 11-29 22V2c Alexander, Inc. preferred •% 2 50c & National 8% 1- 5 Co.— America, Inc Preston East Dome Mines, Ltd Price Brothers, Ltd., 4% pfd. (s-a) Prosperity Co., 5% preferred (quar.) R $20c preferred 12-12 5c Power Year-end 11-24 12-15 t20c (quar.) 7% preferred (quar.) Peabody Coal Co., new prior 6% preferred (accum.) 12-30 25c Co preferred 1st Pressed 8 Gold Dredging, Ltd.— Interim Paton Manufacturing Co., Ltd.— (quar.)_ (quar.) 6% non-cum. partic. preferred Powell River Co., Ltd. (quar.) 3 50c Parmelee Pa to Consolidated 6% 11-3 4 $1 common dividend) (year-end) Extra 11-3 25c — (quar.) (irreg.) (initial quar.) Power Corp. of 12-12 12-15 1 5% 3.60% 5 Co.— (quar.) Pictures Co. (quar.) Pyrene Mfg. Co. (irreg.) 12-10 $2.50 (resumed) Companies Paramount Park 2-15 75c Corp. Pipe Line 11-28 12-12 12-20 $1.12,/2 Croix Paper Co. (year-end) Joseph Lead Co. (quar.) St. Louis RR. (cash Electric Powdrell 1-15 — preferred (quar.) ' 4'%- 11-29 2-15 for held) Airways Panhandle ■ 12-15 $25c 75c 5% Co. Mining Common 12-12 11-29 5c Page-riersey Tubes, Ltd. (year-end) _j___— ' 12-20 12-31 12-15 10c dividend—(One edeh 12-12 .12-10 20c preferred (quar.)__ Co. (quar.) Scott 12- $1 (quar.) St. St. 5* 12-20 $1 —— Mills Pacific S" 37 %c Publicker 37 %c non-cum 12-20 5* Publication 30c non-cum. 11-15 12- 11- 12-12 $3.25 (resumed) 12-20 2 12-22 $1 preferred (quar.) Sanger Brothers 5%% pfd. 11- 11-19 12-31 quar.)___ $5 12-19 12-12 — (initial)— 1-2-48 1- 12-22 $1.50 Safeway Stores, Inc., 12-19 12-23 1 (initial Manufacturing Ruud Manufacturing Co Sabine Royalty Corp Safety Car Heating & Lighting Quarterly 2% Oil 12-23 12-5 com. 12-12 12-10 25c Extra Dividend 25c 12-15 partic. 1st preferred (irreg.) partic. 2nd pfd. (resumed). Pacific Indemnity Co. (quar.)— $5 $4 5 1-2 (year-end) Investors, preference (quar.) Pacific Coast Aggregates Coast 12-10 12- 20c Fisheries 4%% 25c 12-15 12-15 12-10 (resumed) American Pacolet 1-2 75c 1-2-48 $1.50 ! 11-12 97V2C $1.20 common American Pacific 12-20 11-12 12-15 $25c (irreg.) Pacific 11-15 60c Valley Wine Stock 7% $1.12% (year-end) 11- 12-12 53yac Ltd Plymouth Rubber Co. $5 25c (Minn.) (Jacob), Schwitzer-Cummins 1 (initial) (year-end) Ruppert Russell 12-15 12- 12-15 J25c Tail 12-15 2 30c 12-31 12-13 after Extra Common 7 (s-a) common ioc Development, Pleasant 12-25 (initial quar.) new^com. 2 Inc. (year-end) 11-27 12-15 12-10 pfd. 1- new Co. 12-18 8% Co 1-15-48 Corp., $25c Placer 1 — 74c or 12-15 12-18 1- 20c quar.) Corp. 11-26 1-2-48 tax Building Orpheum shillings four African (increased) 1 2 12-18 12-18 50c Extra Ruberoid Savage 12- t$1.75 Ltd. Co., Oswego Falls Corp., 4%% Ottawa Electric Railway, Oxford 12-15 $37V2c (quar.) common (quar.) Copper South Ox 1-2-48 $1 (quar.) preferred Otter $25c 25c preferred 7% (quar.) 12- 1- 1-2-48 1-2-48 25c Schiff Public Service Corp. $31 Vic Ontario Steel Products, Ltd., O-O'Kiep A common 1 12-17 Pendleton, 11-28 20c __ 12- & 12-20 75c common participating preferred Poindexter Distillery, Inc 12-12 15c Quarterly $5 Inc., 75c 1 1 12-18 1-2-48 30c Extra 30c Public Service 25c Ohio Public Service Co. 3.90% 12- 12- 5 17 V2c Rosser Mfg. 1 $1.25 (S-a l 12-31 12-12 1- 12-10 30c (quar.) Extra Rowe 11-24 11-24 15c (quar.) Industries Corp. (increased San-Nap-Pak 1 75c Oil 1 2 12-10 $1.25 Brothers, Inc. 11-28 12- 40c Extra 1 1- 12-10 12-IO $1.25 (quar.) 11-17 12- 10c common (quar.) dividend 12-15 50c Co., convertible $5 Ohio (quar.)__ common.... 1212- 50c 12-15 20c (quar.) Leather Ohio ' Co., 2 12-31 2 $1.25 ___ (quar.) Metal Works 12- for held shares Manufacturing Co. (quar.) Ogilvie Flour Mills, Ltd., common 1 1- 90c Art 12-10 Public — Oak • 1- 12- 5 12- 11-28 $0.1979 37%c Extra 12-20 11-20 12 12-20 $1 Nu-Enamel 2 pfd. conv. com. 12-12 12-10 12-10 1- of 1- Corp. $1 Polaris $1.50 Corp. 11-20 Cable 15c Potomac 93%c share 11-26 12-12 (initial) (quar.)„ 15c 12-29 (quar.) One 12-10 5 12-15 12-15 15c (quar.) preferred (quar.) prior preference (quar.) Ross 1- Co.— 11-24 12-19 Northwestern Telegraph Co. (s-a) Norwich Pharmacal Co. (quar.) Nu-Enamel 11-26 5 1-15 25c A 12-12 12-19 50c (year-end) com. 12-10 & 12-30 1 12-17 25c (year-end) 11-24 12-12 12- 10c 12-15 1 $8%c Pacific Gas 12-10 Co. preferred series Roos 2 37 %c Mfg. Co Rockwood 4% 1- 12-15 $3.62% preferred H.) $4 1- 12%c (accum.) 11-24 7V2% (interim) (quar.) cash Rockwell Rome 5 11-29 $50c Extra receipts dividend 1- $1 (quar.) pfd. preferred 1-15-48 70c Illinois Corp. (extra) Indiana Public Service Co 12-10 (H. 50% 11-29 12-20 75c (quar.) 11-19 12-10 10c Plymouth (year-end)—— Insurance 12-12 $3.40 Refractories North Northern 1-2-48 75c American 12-10 12-31 $1 Extra 11-26 $3.11% Class B 12-11 1 12- 12-15 $3.50 Extra 12-11 12- 12-15 $1 Robertson Pittsburgh Plate Glass Co. (year-end) Pittsburgh Screw & Bolt (quar.) Corp.— « 5% 2 2 12-10 $1 arrears) Pittsburgh Metallurgical Co 12-22 (accum.) 5% 1- clears all convertible 5% 1 93%c common Inc., Pittsburgh & Lake Erie ap¬ taccum.) preferred American deposit Increased 25c preferred 4%% Stock per dividend 5 Pittsburgh Forgings Co.— of per to (quar.) Increased cash $17 dividend) A Pittsburgh Coke & Chemical (year-end) Pittsburgh Consolidation Coal Co.— each $19.75 (Subject Investment 12-19 common and stock). 11-28 Electric for shares, of rate stock (stock Extra 11-28 2 1212- 5% 11-14 1- 2 12-21 50c 12-15 12-10 2 37 %c (quar.) (year-end) Pillsbury Mills, $4 preferred (quar.) Pinchin Johnson & Co., Ltd.— 12-10 12- 11-26 10c a participating preferred (quar.) & Mander Corp. (irreg.) Robertshaw-Fulton Controls, com. (initial). 4%% 2 11-28 50c common $1.50 12-15 1- Corp. (quar.) Corp. (quar.) Roberts 2 12- 12-12 12-17 Silk ment 12- 1- A ,11-25 12-18 25c (quar.) Mills, Ltd.— $2 participating class A preferred (quar.)_ Robbins & Myers, Inc.— $1.50 participating preferred (accum.) $1.50 participating prefened (Tnis pay¬ 12-15 30c com. preferred Textile 12-10 12-15 $1 Corp. Stoker Riverside (increased) Co. 1-2 40c lc com. 90c Co. Oil pfd. 5 12-22 25c 12-10 SEC.) North American common (quar.) 12- 3%% $4 Riley 12- $1.50 Electric, Corp. Common Riegel 12-15 $1.25 11-28 divi¬ shares American the at the 21 common fractional Potomac of and North Wisconsin of Wisconsin Power of paid oi proval of stock, of lieu (in (liquidating stock shares Electric (quar.) 12-18 50c 8 Richfield 1-15-48 $1 12-22 50c 12- Richardson $2 80c (quar.) American (quar.) 12-31 1* 25c 12-10 11-20 12-8 Oil 51 When Holdert Payable of Rec. share J.) Tobacco, 3.60% pfd. (quar.) Manufacturing Co., Ronson 25c 12-10 12- 12-27 87%c Corp preferred Common 5 12-15 Co.— 75c Corp., common Co. common shares 3%% 11-27 50c Potomac 5%% 2 Co.— quar.) preferred American dend) 1- 60c 40c $1 pref. $1 $1 convertible Cash $6 12-10 25c Philadelphia 11-27 12-10 $1.06% 150c Extra share 11-29 2 2 30c & Philadelphia Bourse Philadelphia Co, $5 pref. 2 1- 1- $1.06V* 1 Phelps Dodge 1- 30c 25c Inc. (Charles) Extra 11-30 12-15 9 $1.12I/a 20c 60c tyear-end) (interim) common (quar.)_ (quar.) (quar.) preferred (quar.) 50c ^ear-end) Co. Mines share 12-10 zoo Extra held Paul, $25c 15c Corp., class B Corp. Co. common preferred Extra 12-22 T50c 12- Company (R. Ranch 17%c 3%% preferred (quar.) Petroleum Exploration Co. (quar.) Co. (quar.) Co Hundred Co., Pfizer Peter $50c Chemical Circle Milk 12-15 $1.25 Electric Norfolk Perfect 12-19 Rheem Rice 25c 11-28 1 1 1 Name of Reynolds $1.37% (quar.)__ Year-end 12-15 1- 1212- 10% Peoples Gas Light & Coke Co.— Peoples Telephone Corp., common Pepsi-Cola Co. (quar.) 12- t50c Nineteen dividend 2nd $1.06l/4 12-31 12-31 12-12 4%% 12- 11-28 10c 12-12 11-26 12-18 12-15 4 2 quar.) 12-17 —50c com 11-20 12- 2 12-10 2 12-15 12-18 1- 1st 1- 1 1- 4V4% 93%c 1-2 12- 25c $1 (quar.) 2 40c (increased 12-10 3 2- 12-15 1-15 $1.25 12-12 12- 2-16 5% pfd. (quar.) Pennsylvania Power & Light Co.— Common (quar.) 41/2% preferred (quar.) Pennsylvania Salt Mfg. (increased). People's Drug Stores (cash dividend) (quar.) Common Per Payable 0/ Rec. 50c 25c (2355) Holdert 40c 2 1- 30c When 40c 1 85c Special North >■ $2.50 Corp.— preferred Niles-Bement-Pond North • 50c Extra 6% • $$1.5Q (quar.) CHRONICLE (s-a)_ Pet Niagara Share Corp. class B (vear-enu) Niagara Wire Weaving Co., Ltd. (quar.) North 1 $J.o0 Year-end will 1 93%c Niagara Lower Arch Bridge Co., Ltd. 100 1212- $2.50 tyear-end) State Electric & Gas Corp.— pfd. 12-15 12-15 $1.50 • 10% Newport News Shipbuilding North 5 J75c Extra Stock (accum.) Hanem Newport Industries, $2 4 RR.— pfd. (quar.) Newberry (J. J.) Co North 5 12- 10c 3%% New 12- share (quar.) (quar.) Pennsylvania Exchange Bank (N. Y.) Pennsylvania Glass Sand Corp.— 12-15 12-24 11-22 New York Hotel Stauer Co. Nopco 2 12-15 12- City Omnibus__^_ Noma 1- 30c 12-13 & 4%% 12-20 10c preferred A 3% 'to 2 12-19 York Newport 1- com. Pennsylvania Coal & Coke Corp. (resumed)-Pennsylvania-Dixie Cement (quar.) Pennsylvania Engineering 1 5c York Newmont 12- Company Ltd. preferred Penn Electric Switch Co. $1.20 pfd. A Pennroad Corp. (irreg.)- 12-10 50c St. 6% 1 (irreg.) New Newmarket 12- $1.50 Co Penmans 12-15 (year-end i Chicago & York 12-31 $1.50 New New 2 1-2-48 22V2c ts-a) Co. Braxe Auction Common 1- 12-15 $3 _*_■ York 1 $1 (quar.) Water Co, Park York 5 12- 25c New Jersey Worsted Mills New Jersey Zinc Co. (year-end) New 12- 12-15 Watch Co.— pfd. cony. 1-5-48 Name of 11-29 13c Co., common $3 preferred Urreg.) New England Telephone & Telegraph New Haven Clock <fc 11-29 12-15 25c (accum.) 12-15 15c — class FINANCIAL Per Payable of Rec: 20c Corp Co., & Holdert 20c . , Nelson When COMMERCIAL 12-31 12-10 37 %c 12-31 12- 27c 12-31 12- B Co.— 5 52 THE (2356) Per Name of Southern 4.8% Indiana Southern Natural Southern t$1.50 1-15-48 $1.20 $6 preferred A •Southwestern 1-15 12-12 12- 1 Trans-Lux 12-22 12- 1* 12-15 11-15 11-15 Travelers 12-15 12- 1 $1.06 V4 12-15 12- 1 $1 12-12 11-29 20c 12-20 12-10 1- 1 preierred 5% $1.25 (quar.) (Dallas) 12-19 ■' % New Tucson Gas Electric Ol 11-29 12- 5 208 South 12-1 Union 12-15 11-28 *3C 1-5-48 12-15 Union Bag 1- 2 12-15 Union 12-12 11-26 Union $1 2-2-48 1-15 Union 12- 8 93c $6 Co. Standard Factors 75c preferred Carbide Milling Co. Standard Oil Co. (Del.) preferred Oil Co. of Kentucky 12- Oil 1-2-48 12-20 12-31 12-26 12-31 12-26 Sugar Co. Union Wire Rope Corp. (quar.) United Aircraft Corp., common Co. preferred $3.75 Standard Oil Co. Ohio, of 12-31 12-26 United 12-10 United-Carr 12-10 11-10 United 12-10 11-10 United 12-15 11-29 United Electric 12-15 11-29 United Fuel 12-12 11-17 11-28 1-15-48 Chemicals, Elastic Coal 2 12-15 United Illuminating 1- 6 12-15 United Merchants 2- 1 1-12 5% (year-end) Standard Wholesale Phosphate & Acid Wks.— 75c 12-23 12-12 5% Quarterly Stanley Works 60c 12-10 50c 50c (quar.) Fuel Stedman 11-28 12-10 11-19 12-10 11-20 Products Stein (A.) Sterchi Co. & 20c (quar.) $1 (year-enai Inc. Stores, Products Aluminum 1- 9 12-11 1-10-48 35c (quar.) 12-15 30c Stewart-Warner Stix 1-10-48 11-26 12- 5 67c Co. 12-17 12-24 12-11 12-10 25c prior preferred (quar.) Webster (year-end i Strawbridge & Clothier, $5 pfd. Strouss-Hirshberg Co. (irreg.) 5% Sun $1.25 (quar.) Co. Co. Co. preferred Sylvanite Gold Ltd. Mines, (quar.) common preferred Tecumseh Products Power, 12-15 pfd. 4V4% 1- 1-2-48 12- 12-19 Pacific & Texon Oil Gas Land & Thermoid pfd. Co. Co. 12-15 12- 1 12-24 12- 8 12-18 1212- 3 9 Thomaston 5% Utica 1- 2 12- 5 50c 12-15 11-28 $1.25 12-15 11-28 11-24 11-24 12-15 12- 1 12- 12-12 1 12-27 12- 1 50c 12-31 12- 5 31V4C 1-1-48 12- R 12-15 12- 5 $1.50 12-20 12-10 12-15 12- 1 35c 12-20 12- 9* 12-20 1212- 5° 12-15 4-1-48 3-15 50c 6-25-48 6-13 $1.25 Co. 12-15 12- 1 12-31 12-10 $1.06% 9334C (quar.) (increased Light Mohawk Mills Cotton Ltd. Viceroy Victor .. pld. 1- 2 12-19 1-15 12-26 12-19 12- 5 Ltd. Wilson & Chemical Railway, Winnipeg 6% 6% preferred 1- 6 1- 2 12-31 12-31 1- 2 12-10 Wabasso Co. 7% 12- 4 12-23 12- 5 12-23 12- 5 12-31 12- pfd. (quar.) — Amulet 12-10 12- 9 Waldorf 12-24 12- Co. Inc. 2 12- 8 1- Co., 12- Walker TrtOT'Sfl.pe'd. 12-22 Walt Disney 12-19 $1.50 12-19 12- 12-10 11-29 Steel 7% Manufacturing & Lothrop pfd. 1 12-15 12- 4 11-24 (interim.) *50c 12-31 11-17 t$2.50 12-31 11-17 1-31 12-15 11-25 12-15 12- pid. 2 12-12 1- 2 12-12 $1.75 (accum.i 1- 2 12-18 *50c 4%% prior preferrred 4%%. convertible prior preferred iquar.i_ Wrlght-Hargreaves Mines, Ltd. (quar.) Yellow Cab Common 12-16 12-16 12-10 11- 7 12-10 11- 7 12-15 12- 1 12-15 12- 1 12-15 12- 1 $1.25 1- 2 12- 12-15 12- 12-11 12-15 12- 12-12 1 1-1-48 1-1-48 2nd pfd. 12- 3- 12- 2 12- 9 i$3.50 1- 2 12-15 1- 2 12-15 25c 12-15 25c iquar. i_ 12-15 1- 12- 1 12- 1 12- 2 1 $1 12-15 11-19 1-2-48 11-19 15c (quar.) 12-23 12-15 25c Less 30% •Transfer resident books Less not U. In tax (year-end) S. Income closed 15%; British for income tax 12-15 5 12-20 12-19 12-9 tax. less funds, resident 2 1- 15c Funds, Canadian 1- 20c Jamaica fPayable in tPayable this 15% dividend. Canadian non-residents' deductible tax 7%. the at tax. Non¬ source. tax.. General 1-2-48 Investment News 12-22 1-10 12- 1- 2 9 11-28 1-30 1-15 12-20 12-10 12-10 12- 2 Harold N. Y., 2 12- 1 12-20 12- 5 12-15 12- 1 $1.25 Palmer, has 2 12-17 12- the of elected 1946. Yale & Towne Mfg. On Dec. 2, company's he Dec. payable 23 stockholders to a special dividend of $1 record of Jan. declared a to stockholders of 1948 2, New record Dec. 12-16 1-15 of manufacture, 37%C 5-1-48 4-15 ford, 8-2-48 7-15 succeeds the late W. Gibson Carey, Jr., who a result of a drowning accident in Florida. In addition to being Executive 12- 5 12-23 12- 8 1-15 12-15 12-20 a per With 12. share, the four 12, per share, payable 1947. Calvert Carey of Greenwich, Conn., Conn., tinue formerly Vice-President In charge has been elected President, and Fred Dunning of Stam¬ has been elected Executive Vice-President. Mr. died suddenly on Carey Oct. 4, Vice-President, Mr. Dunning will to Both 12-31 12-31 City, been President, Etc.— 2 12-15 Dec. dividend of 25 cents 1- 5 has Co.—Special & Larger Divs.— 2-2-48 12- Island He was quarterly dividends of 15 cents ea^h pi^^ady paid this year, this makes a total of $1.60 paid or payable in 1947, as against $1 in 1946. 1 12-15 Long Vice-President. a Previously the directors declared The directors also 1- 12-20 Manager been December since president of Board Fabricators, Inc., which company was acquired by Woodall Industries, Inc. in September 1945.—V. 166, p. 1622. 12-20 12-15 B. plant, director 12-10 1- 13) page Woodall Industries, Inc.—New Vice-President— 1 1- Corporation and (Continued from 11-29 as con¬ serve Mr. as Secretary and Treasurer. Carey-and Mr. Dunning have been 12-10 1- 2 2 the 12-13 1 12- 12-10 11-21 1- 2 1- 12-20 2 12-20 12-12 11-15 $1 12-15 *37 %C 12-15 % 11-15 Gooderham & Worts— 11-21 corporation for many years.—V. York Corrugating 12-15 1- 12-15 40c _— 12-15 f$3.50 Zonite Products Corp. 5 112- 25c quar. 2 Door 11-23 t30c Productions (see Disney Walt) 1- 12-30 75c ._ 1 f20c 11-23 12-15 1 12- (s-a) 5 12-15 12- 2 com.__. 1 12-15 2 1- $1 1 3-12 7-20 1- 25c 12-10 12-12 7-31-48 25c 56y4c Extra a 1-24 1-20 37%c (quar.) Steel 2-1-48 12-30 12-20 (quar.) (increased 6-ai common preferred Youngstown Steel Car 11-78 5 11-24 4-20 Zeigier Coal & Coke 11-26 12- 1-31-48 Extra 6 300% 5 37%c 4-30-48 Youngstown Sheet & Tube Co x 12- 12-15 37%c (quar.) Extra 6 5 1-2-48 J4c (quar.) Young (L. A.) Spring & Wire Corp. 12-15 12-15 5 12- 12-15 25c preferred Knitting Mills, Ltd. 7% 1st pfd. (s-ai 7% 3 12- 2 1- $1.12% (quar.) Corp., 11- 8 Co.— York 12-15 11-21 12-20 $1.12% preferred t$l : 50c (quar.) convertible 8 12- $1 6% 12- 12-24 3% Extra York 11-21 1-10 J40c 3 5 12-17 quar. 12-17 1- 12-17 12-29 Ltd.— (F. W.) & Co., Ltd.— preference registered (s-a) Worthington Pump & Machinery Corp., com. 12-16 1-1-48 12-17 12-29 6% 1-2-48 1 11-17 12-29 $1.75 of Canada, preferred 12- 12-17 50c (quar.i iquar.) Combing Corp. convertible 12-15 1 1- 25c convertible 1-2-48 1-15 15c $1.12% (quar.) 6% 1-2-48 1 1- $1 Ltd. Co., com. 6% 11-28 8 12- 25c 1-15 12-15 2 $1.50 11-15 12- 1- $1.06',4 (quar.) 12-15 25c 12-10° 1- 2 12-19 1 Co.— 1-30-48 50c (quar.) 12-20 20c 1 1- is-ai Power 1-15 75c (quar.) 50c — 12-19 1- (increased) iquar.) com. preierred 1-30-48 80c Extra (Hiram) 1 20c 12-13 10C Ltd. Walgreen Co., com. (quar.) 4% preferred (quar.)__ 1 12-10 1- }:25c 12-31 $2.50 (year-end) 11-25 2 11-20 12-20 25c Increased 8 4'<5 (quar.) 12- 1- Machine 37% - Corp. (s-a) Mines, Ltd. (quar.) System, 12-24 7oc 37 %C 12-15 5 11-20 jOc 62 V-. c (quar.i Wabash-Harrison Waite 12-24 Wooiworth 8 40c Co., 12-13 (quar.) (Alan) Wool 12-11 $1.50 Iron Cotton 5 12-26 Year-end 4 30c Manufacturing Corp., (year-end) Corp. 4%% pfd. (accum.) prior pfd. (quar.) Vulcan Mold & 5 12- $10 $1.06'/4 Electric Oil Wood 1^-19* 12- $9c (quar.) Detaining 12- 2 (year-end) preferred Wiser 12-19* 12-11 65C Vulcan Vulcan 11-25 2 1- 25c $4.25 preferred Eiectric Woods SI.75 (quar.i Visking Corp., class A $3 9 1- com Woodward $2 (quar.) Vogt 12- 50c $1.25 Wisconsin Investment Co. (year-end) Wisconsin Power & Light, 4,/a% pfd. (quar.) 12-19* Corp.— common preferred B 12-10 Inc Co. non-cum. Wisconsin 12-15 6 25c (quar.)_ 6% Class 2 $1.25 (quar.i 1- (quar.) Co., 12-15 1- 50c (year-end) Equipment Co. preferred 1-15 11-24 1 +20c (quar.) Wuson-Jones 5% Inc. Products, 1-2-48 62 %c (extra i (quar.) 6% partic. pfd. (accum.i Virginia Electric & Power, $5 6% 11-14 12-10 (quar.) Ltd. 1-2-48 75c Manufacturing, Virginian 12-18 12-15 1-31-48 (quar.) Giobs Sewing 61 Willson 12-19 f25c 12-10 $7 Vac — 2 *81.25 Viking Pump Co Virginia-Carolina 1-2-48 J20c 2- 25c pfd. Wncox 1 6 1- $1 com 25c — 1211- 35C quar.) pfd. (quar.) $1.50 ... Title Insurance & Trust Co. (Los Angeles) 2 $1.12% Axle^(increased) Extra 1 1- $1 (quar.) Tip Top Tailors, Ltd. (quar.)u 12- 1-15 25c (quar.) 12-15 $1 common (year-end)_—— Detroit 1-1-48 50c 4% Roofing 6-15 12-12 12-22 9 12-15 Additional Time,. Inc, 12-15 12-31 20c Tide Water Associated Oil, $3.75 pfd. 7-1-48 10c common (s-a) convertible preferred (s-a) 5% 50c preferred (quar.) Drug Stores, common 4%)% preferred A (quar.) 4V4 % preferred B (quar.) 3-15 $1.50 — Co,, common (quar.) preferred (quar.) prior & Viau, 12-15 $1.06% Thrifty 12-15 25c Norman Company (year-end) Vapor Car Heating Co.— 7% preferred (quar.) 12-15 $1 (quar.) Inc., 12- $6 Van 7 VaC (quar.) 11-21 12-29 75c (accum.) pfd. Knitting $4 $90 $1.75 Quarterly Quarterly Thompson Products, Utica 90c (quar.) 12-20 66V4C » <quar Valspar Corp., 30c Mills & 12-15 Extra preferred B Quarterly Oil Refining Co. (quar.) Power $1.25 $1.50 Corp Stores, 6% 50c Co. Utah Utah 12- 5 Extra 4V)% $1.20 Corp 3 1- 2-1 12-12 $2.50 Co. Whittier 11-21 15c 12-10 (year-end) 11-24 Motor Utah Home Fire Insurance (Salt Lake City)— 10c com. — 11-28 12-10 (quar.) Steel dividend) 11-29 1 (quar.) com. (stock 12-15 2 Co Company Shovel (quar.) Tobacco preferred 2 Railway 11-14 12-10 5c ♦ 1- (quar.) 12-10 20c 12-10 5 1- interest White $8.75 (quar.) (year-end) Upper Michigan Power & Light— 6% preferred A (quar.) 1- Inc., common (year-end) convertible preferred (quar.) 4V4% Products 10c Extra 13 Textron, Match Universal 12-10 (year-end) proprietary Y.) Wire & Leaf 2 — 1 20c Steel 1- Corp. iquar.) 12- SI (quar.) (Delaware) Upressit Metal Cap, 8% Upson Walton Co. 35c — 12- 43 %C (increased quar.) Extra Universal 11-28 75c 30c Inc. (N. 1 2 VaC Texas Lines. Co. 12- Trust— certificates Southeastern Trust 75c (initial) __ of Truck S. $1.06% — Certificates S. U. United 12-15 12-13 1 $2 preferred Universal 12- 12- $1 (quar.) common 2 3c (increased quar.) Gulf Sulphur (quar.) Sub-share 9 12-15 62 %c common non-cum. $1.02'a coui & Chemical Land 7% 2-15 50c 51c 75c Corp., 1-15 2-15 Instrument convertible Youngstown Special Tobacco, 2-2 75c common prior preierred Whitaker Paper Co. (irreg.) 50c (quar.) Co., common 12- 25c (quar.) Pacific 2 12-15 25c (s-a • Company Extra Steel S. 12-15 (year-end) 11-28 2c $1.95 (quar.) pfd. S. 12-15 " 5 $2 11-28 35c preferred 1st Brake Paper,- Ltd., Electrical 4%% Co Rubber 8% U. 11-14 Co.— Additional (accum.) Transmission Tennessee Products 2 12-15 25c Gas S. 5 1- Stationery 22 VaC (s-a) quar.) & Royalties 40c Extra Tennessee 1- 12-15 30c 2nd pfd. 6% 5% 1- (George), Ltd. (quar.) Wfcyeraaeuser Timber Co. (year-endi Wheeling Steel Corp., common 12-10 ' 75c $1.25 12-10 1-2-48 11-26 (quar.i 12-10 50c U. 50c (year-end) Co. Temple Coal Co. $6 pfd. Tennessee Corp. „ 12-15 12-31 — Telephone Bond & Share Co.— 7% 1st preferred (accum.i Telluride 12-31 27c (interim) (increased Extra U. 12-10 4-1-48 12-16 (s-a i com. Weston 9 11-24 11-24 25c (quar.) 62 %C preferred 4V2% Lines, liquidating U. S. Playing Card Co. 12-17 *25c (Canada) Pearson & Carson, Ltd. Common 1 25c Taylor-Wharton Iron & Steel Technicolor, Inc 4.10% 2- 50c (quar.)_„ S. & Air $1.50 (initial) (irreg.) common Printing & Lithograph— preferred (quar.) 12-15 12- 2 12-15 12-15 12-15 3iV4c 50c Co., 1 150c common 50c partic. non-cum. class A 12-15 56 V4c (quar.) Leather S. 11-24 1- 150c 75c Potash 12-15 12-15 $1.75 S. 12-30 75c Corp.— S. 12-30 Weston 35c (quar.) Machinery U. 12-30 11-29 50c First 12-15 12-15 50c U. 12-30 Westminster 50c (resumed) Common U. 1 25c 1 5 12- 50c 9 11- 12-10 $1 Huffman Tablet preferred Westinghouse 1- 12-15 2 11-24 preferred A quar.) Western Railway of Alabama 12-20 1- 8 5% 1 9 11-28 12-15 12- 8 (s-a) 5% pfd. (quar.) Western Pacific RR., $5 2 1- 2 50c 12- 1 12- 12-11 12- Extra 5% 12-12 $1.12% (quar.) Condensing Co Western Light «fc Telephone 11-19 1- 2 25c (quar.>___ Western 2 $1.75 12- 1-2-48 12-10 25 c United States Oil 12-20 12*10 Co. „ $1 preferred (quar.) (resumed) 12- I- 2 12-20 12- 25c (quar.) Service Products, Ltd. $1.75 (quar.) Participating 11-28 12-10 $114.25 arrears) 1 1- 15c (quar.) common all (clears preferred U. 12- 12-10 1 12-12 50c "(irreg"!"!"" Extra 12-19 25c Inc., Inc., common Tayltr & Fenn, 4.32conv. pfd. Taylor Instrument Cos. (quar.) . 12-15 $1.25 (quar.) Talon, Tim ken 11-28 50c (James), Thomas 12-15 50c Extra $1.25 12-15 75c (quar.) preferred Taylor 2 75c — * A 4%% 1- *2c — Extra Talcott 12-15 $1 Extra Class 2 35c (quar.) Tacony-Palmyra Bridge, Tilo 12-10 1- 40c (quar.) $4 7% 12-10 12-20 50c (quar. i Sylvania Electric Products, Inc., common— Thew 12-20 25c 8 12-17 $1.50 (resumed) B S. $4 5 — class A Co., 7% U. 1 12- 50c Common 11-21 12- 2 25c Special S. Gypsum Co., common (quar.) U. 11-25 25c Co. & Texas 12- 12-15 25c (quar.) (quar.) Extra . 5 12-12 25c Sutherland Paper Texas 1 9 1- 25c Extra 12-18 12- 10% Guarantee Co S. 12-20 12- 12-20 75c Year-end Texas 2 10C (quar.) Extra Texas 1- 25c (quar.) Mining Superior Steel Corp. 5% 12-15 12- $1.25 Extra 12-20 75c Oil Sunstrand Machine Tool . 1-2-48 $1 & Sunshine Switt 1-2-48 9 $1.25 preferred (quar.) U. S. Freight (interim) U. 12- $1.25 7% U-29 25c Foil Class U. Van Camp, Inc.— Common (cash dividend) Stokely Stone S. 11-28 1-10 25c (quar.) 1-2-48 25c 50c 12- 12-15 2 10c Extra Wilsil, (interim) Ltd. convertible $4 5 12-31 Westeel Inc.— (quar.) preferred preferred 7% U. 12-10 12-10 Finishing Co.— 7% 12-29 12- Manuiacturers, Increased S. Water preferred 2 6 75c s-a) 25c $4.50 60C (year-end) Co. & Molasses, (increased 1- 12-23 75q Virginia 1- 12-20 12-11 12-10 Extra 1-2-48 12-20 12-29 lOc 50c Extra West 11-24* 1 40c _ Virginia Coal & Coke Virginia Pulp & Paper 65C Paperboard, common 6% non-cum. preferred (quar.) U. S. Fidelity & Guaranty (Bait.) U. 11-29 12-12 t75c (quar.) (s-a) United 12-20 25c Corp. Fuller & Baer 12-15 10c Sterling Electric Motors, common Sterling, Inc., 4%% preferred (quar.) Sterling Motor Truck United 12-15 12-10 1- 25c (quar.) — Sterling 2 12-26 50c Bros. Extra * 15c (quar.) Engineering 1- Common 1 20c , Ltd. Bros., Steel 12- 11-28 15% (cash dividend) Supply Co. dividend Stock 5 5 50c State 1- 3-20 Sugar Wieboldt preferred (quar.) preferred (quar.) preierred (quar.) 5% — 1 Ltd.— Extra 1- (quar. ) 2 1 12- (year-end) 25c Cos preferred A 25 c pfd. 12-20 14- 12- 2 12-22 Extra 50C class 12 VaC conv. West 1- 1-2 Co Snowdrift 50c Corp Investments, (year-end >__ Standard Stoker Co. West 2 12-12 25c 2VaC 75c $3 United Gas Improvement 12-31 2 Indies 50c (resumed) preferred (quar.)_— 11-25 (quar.) 60c Corp Inc. Corporation, 6% 2 1212- 12-23 & 20c ------ United 12-15 12- 12-23 Oil 25C (year-end)_ 12-16 12-15 2 6C Wells-Gardner & Wesson 12-15 $5.50 (quar.) Fastener 11-14 933/4c preferred A (quar.) Silica Corp. (extra) Standard Standard Steel Spring Co. com. ' (quar.) Co. Carbon 12-15 $2 common 12- 20c (year-end) (quar.) Union 12-20 37 Vac of New Jersey Co. Oil Standard A Union Paciiic RR. 35c (quar.) Extra 11-28 12-15 50c Special Western 11-14 37 Vac ' Extra Standard 12-10 50c 933/4C 12-10 12-15 Extra (quar.) 1 $1.50 12-15 25c Indiana of 6- 25c _ com. (quar.) of California— 15c Co. — (year-end) (increased) Co. Mfg. 85c Oil 6-15 5 5 1-15 12- 1 2- Co.— (quar.) Motor Co. 12- 12-23 20c Wayne Screw Products (quar.) $1 (quar.) 12-28 — Quarterly Standard Waukesha 1 75c 25c (quar.) (Illinois) California of 5 12- 17 VaC Carbon & Investment Metal 18 3/4 c (quar.) Standard 12- 12-15 preferred 25c & Paper Corp. 10c iquar.) common 12-15 $1.75 $1.75 (quar.) 1-5-48 _« Washington Water Power 50c Co. 37 Vac 7 $1.50 11-28 50c $1 Corp. (year-end) 11-28 12-12 62 Vac (quar.) (year-end)— Corp. Asbestos & Rubber Union C 11-28 12-12 62 VaC 50c Extra 4% Corp. (quar.) 87 Vic 1 Class 11-20 12-19 1- 62VaC 12-10 $6 11-20 12-15' $3.50 (quar.) 37 VaC Extra 11-28 B $1.12% (quar.) Extra 11-28 40c Standard-Coosa-Thatchev 12-23 West Extra (quar.) 9 25c (quar.)_ . Clutch 12-15 (quar.) common 1- 12-15 $1 22 VaC (s-a)_— (quar.) La Sahe Street Disc 20C (quar.)_— 12-15 75c preferred Quarterly Twin $1.12 Va 8 3 Extra Ware River RR., guaranteed <s-a> Warner Brothers Pictures (quar.) Warren Brothers Co., class A a older t Payable of Ree. 50c $4 (quar.) prior Underwood 12- 1- 1 Corp.— convertible preferred 11-15 (quar.) Brands, preferred 33/»% Film $4.50 12--8 12-15 40c 12- When share (quar.) Wellington Fund, Inc. 2VaC Standard $3.50 Common 12-10 .... . preferred $3.75 - 12-20 12-15 47 V2C 12-15 Mills 75c quar.) Light & Power Century-Fox 40C : preferred (quar.) Staley <A. E.) Mfg. Co., common 1 1-13 50C $1 •% Extra 12-15 $1.50 Squibb (E. R.) & Sons, common^ ., 2 Per Name of Company Wamsutta Class (initial common 25c (Initial);.——. common 2 8 $10c (quar.) $1.50 10c 1- 12- Truax-Traer Coal Co.— 1 1-15-48 1- $i.75 Semi-annual — 35c 12-15 Corp.— Tropic-Aire, Inc. 6% pfd. (quar.) Troy & Greenbush RR. Association Twentieth Quarterly Sovereign Investors, Inc •Spalding (A. G.) & Bros. >(s-a)_ Sparks-Withington, 6% conv. pfd. (quar.)_ . Spencer Kellogg- & Sons (quar.).. Spiegel, Inc., 4'/a % preferred (quar.). Sprague Electric Co * Springer Sturgeon Gold Mines (initial); Springfield Fire & Marine Insurance Co.— Holdere 2 $1.75 Insurance Co. H* to Southwestern Gas & Electric— Southwestern Life Insurance 1- $2 New 12-15 When Monday, December 8,1947 Payable of Ree. $1.50 Extra Service— 20c CHRONICLE 15c 12-15 $1.50 15c Corp. 75c quarterly basis a 1 $1.25 (quar.) Electric Common now on 2- 17VaC (initial) Gas 12-19 Transue & Williams Steel Forging Year-end Co., common (quar.) preferred (quar.) Gas, com. (increased quar.) 4Vt% preferred (quar.) Southland Royalty Co. (year-end) Natural Share Company Packing Co. new com. (initial) 7% pfd. (quar.), Todd Shipyards Corp Tooke Brothers, Ltd. (interim) $1 Union Southwest Name of 37 VaC iquatv) Railway non-cum. Southern Per Holdert Co.— Co Gas FINANCIAL & Tobin (quar.) Pacific Co. When Payable of Reo. Ltd.— Co., (quar.) & Electric Gas preferred Southern 6% Power preferred partic 6% Southern Share Company Canada COMMERCIAL The directors 3o cents rf record per D^c. 30 cents per A paid share. special have share 10. on on directors of as Co.—Special Common Dividend— declared the June 25, regular a common Including dividend serving 166,'p. 1934. the stock, 50 cents semi-annual payable Dec. paid on dividend 20 to of holders Sept. total payments in 1947 will 25 and the amount to $110 - of 70 cents per share was also declared on the stock, payable Jan. 5, 1948 to holders of record Dec. 10 ' Earnings for the current fiscal year, according to estimates, will amount to $3.50 per share, as compared with $2.04 in the last fiscal year.—V. 164, p. 2738. common * Vplume 166 THE Number 4653 COMMERCIAL State and the will Alabama (State of) Bond Offering*—ja. Director of the Docks State Sweet, \v. and to exceed Department docks 4% expansion oi interest State bonds. revenue The bonds will be offered first as $4,000,000 issue, maturing $200,on Dec. 1, from 1948 to 1967 a 000 incl. If ceived favorable no the bonds bid is be sold will re¬ as $2,000,000 issue, maturing $100,on Dec. 1, from 1948 to 1967 a 000 incl. Dated Dec. 1, 1947. Denom. $1,000. Interest payable J-D. The bonds are optional for redemption prior to maturity on any interest payment date in inverse order of for cash cf.iers crued interest plus of 5% if redeemed premium a on bond per prior to or Dec. 1, 1952 and V4 of 1% for each unexpired portion elaps¬ ing between the redemption date year and or stated maturity date of the bond if redeemed thereafter, with maximum premium of a 5%. The purchaser will be furnished with the man approving opinion of Chap¬ & Cutler, of Chicago. As evidence of good faith, a certified check for $80,000 payable to the Department, is required. to School Districts Bonds Voted—The at issuance of approved by the voters was recent a Bond School will bonds voters at Dec. election. to offered Any bids rates of stating interest be District No. submitted 33 the to election scheduled for an bonds. said for two will more or be not the are bonds election authorized 7. Ail A par office. the value of "heck for 3% of the bids muat bids each exceed interest 3% bonds. Dated Due on 000 from from Jan. 1957 to from 1967 to Jan. 15, terest Jan. be interest. value, Dated of, will be Rate in named Bidders bids of make to interest than "split legality check of be Hot C00 at watei works puolic at 87.00. was W. issue of bonds auction T. J. Raney The Springs, Ark. Sold—An $141,sold was Dec. on 3 to & Sons, of Little Rock, The next highest bidder Stephens Investment R. Trust San Dec. 1 of curity Bluff, Ark. ized Bond Offering—Sealed bids will be received by the City Clerk, until Dec. 17 for the purchase of $335,000 airport bonds. CALIFORNIA Union School District, Contra Costa County (P. O. Martinez), Calif. Bond Sale—The $540,000 school bonds offered on High Dec. 1—v. 166, 2149—were purchased by Blyth Co., Heller, Bruce & Co., both of San Francisco, and R. H. Moulton & Co., of Los Angeles, jointly, at a price of 100.085, a net in¬ p. Bonds O'Melveny cost of 2.409%, as follows: $145,000 as 2s, maturing on Jan. 1, $15,000 from 1949 to 1956; $25,000 in 1957.;; $75,000 as 2V4S, maturing $25,000 from 1958 to 1960, and $320,000 as 2V2S, maturing $25,000 in 1961 and 1962, and $45,000 from 1963 to 1963, all inclusive. Dated Jan.. 1,. 1948. Principal and interest (J-J) < payable at the County Treasurer's office. The next high¬ est bidder was the Bank of Amer¬ ica National Trust & Savings As¬ sociation, San Francisco, for $3.0,000 as 2s, $460,000 as 2V2S, and $50,000 ;2V4s, at 100.002. Cypress, School District, Orange County (P. O. Santa Ana), Calif, Bond Offering J. Smith, Clerk Sch. until •hase of Dec. will received be Clerk until chase of the purchase exceed <3% of $120,000 interest 23 not for to school bonds. Dated Dec. 1, 1947. Denom. $1,000. Due $6,000 ft;om 1948 to 1967. incl. Principal and interest payable at Dec. Interest school America of The the payable,..J-D. bonds the was National next $75,000 of Trust price of a highest bonds America bidder the was National Trust Savings Association, for 3V4S, at price of 100.158. Angeles County Sch. D:sts. (P. O. Los Angeles). Calif. Bond Sale—The School Dec. tional on Wil- $139,000 District .at the election held Los Altos bonds 1973 incl. Dated Jan. 1, Fire At pur¬ Protection held on Nov. 18 the 111. Los election ap¬ bonds. the on a.m. the purchase of the to exceed $275,000 trict 5% 9 bonds. Denom. for for Jan. 1. as 191.000 1963 election School 1. as follows: follows: water 1973, on the Nov. County Bond Sale Cancelled—The sale of the $30,000 water works bonds ( Scheduled for 2149—was Dec. cancelled. 1—v. 166, p. $1,000 from 1948 to will be sold for interest. accrued state separately and the any, fered Each cash par bid and must the premium, if of interest of¬ rate The for the bonds. shall bid Each bidder 10% single rate of interest. purchaser will be furnished with the approving opinion of for, payable to the Chairman Board of Super¬ visors, is required. These bonds O'Melveny & Myers, of Los An¬ geles. All bids must be uncondi¬ tional. A certified check for 3% were of the par value of the bonds bid for, payable to the County Treas¬ urer, is required. office. of A the certified bonds 17 check for bid originally Nov. on offered but all returned Norwalk for bids sale received unopened. Los School District (P. a Shafter Public Utility District (P. O. Shafter), Calif. Offering — F. G. Shaw, O. Angeles), Los Angeles County, Calif. Bond Clerk, Board of Supervisors, will Bonds Voted—At a recent elec¬ tion the proposal to issue $215 000 construction bonds was ratified by receive sealed Dec. on est bonds Oakley Union School District, Contra Costa County (P. O. Martinez), Calif. Bond Offering—W. T. $230,000 until 11 a.m. the purchase of 5% from 1954 from 1964 20,000 $110,000 not to school 1, 1948. 1949 to 1, to 1963, to 1968, tion the election held in Due Denomina¬ 1948. 1, Rate of interest to be multiples of x/\ of 1%. No more than $10,000 Oct. 23. on bends. works Jan. $1,000. be rate shall be bid one no will bid be states different rates for Prin¬ each different issues, accepted that for accepted but on Different interest rates Will issue. inclusive. all Due $10,000 1951 to 1973 1950. $5,000. and bonds. 1, from water Dated follows: as 1953; of inter¬ ex¬ bonds. Denomination Jan. on p.m. $10,000 on Jan. 1, in 1949 and 8 Tor the bonds authorized at are 9 purchase incl. Paasch Dec. on interest Dated Jan. These the follows: as sewer Jan. on County Clerk, will receive sealed bids until bids for 16 $250,000 not to exceed 5% the voters. issue. one No bids for less than the aggregate (J-J) payable amount of all of the at the County Treasurer's office. 1 principal The purchaser will be furnished bonds will be accepted. The bonds with the approving opinion of Or- I will be sold for cash only and not cipal interest and rick, Dahlquist, Neff, Brown Herrington, of San Francisco. certified bonds check bid for for, 5% of payable & ' A the to the County Treasurer, is required. less than par and to date of interest trict accrued interest Principal and (J-J) payable at the Dis¬ delivery. office. Treasurer's The pur¬ chaser will be furnished with the opinion approving of O'Melveny Pleasant Hill School District (P. 0.1 & Myers, of Los Angeles. A cer¬ tified check for 3% of the bonds, Martinez) Contra Costa County, , I payable Calif. B o n d Sale The — building bonds offered $47,000 Nov. 17 on by R. H. Moulton & Co., of San Francisco, at a price of 100.63, a net interest cost of 2.63%, as fol¬ lows: District, the to is re¬ quired. Ventura County, Port Hueneme Sanitary District (P. O. Port Husneme), Calif. Bond Sale—The $75,000 sani¬ 166, p. 2038—were purchased —v. tation bonds offered Dec. on 1— purchased $20,000 as 2V2s, maturing $2,000 on | by Weeden & Co., of Los Angeles. Dec. 1, $2,000 from 1948 to | Dated Jan. 2, 1943. Principal and 1957, and $27,000 as 23/4S, ma- ' interest (J-J) payable at the turing $3,000 from 1958 to County Treasurer's office. Due 1956, all inclusive. serially on Jan. 1, from 1949 to Dated Dec. 1, 1947. Interest nayable J-D. The next 2V2S, and $27,000 as 1973 2%s, at a price of 100.036. inclusive. bonds Winton — The resolution to place on the mar¬ about Jan. 1, the following bonds totaling $275,000: $150,000 a ket swimming pool; $75,000 water sys- 1 tern; $25,000 lighting, and $25,000 airport bonds. County, Jefferson School District (P. O. City), Calif. Bond Sale—The $343,000 school bonds offered Dec. 2—v. 166, p. of San price cost awarded and J. Barth Co., of of Weeden to & Co., both Francisco, jointly, at a 100.015, a net interest about 2.387%, as follows: $112,000 iv2s, due $14,000 on Nov. 1 from 1948 to 1955 incl., and $236,000 2v2s, due 3s, at DistricMerced School bonds offered $14,000 from on Dec. 166. 1—v. 2149—were purchased by R. H. Moulton & Co., of San Francisco p. Due serially from 1948 are ized election held at the 1965 to the bonds author¬ incl. These on, Sept. 30. COLORADO Ele¬ Redwood & as basis of 2.95%. a County (P. O. Merced), Calif. Bond Sale—The $36,000 school Offering Pending Mateo sold were price of 100.56, a Redding, Calif. Bond 2149—were p. The highest bidder Weeden & Co., for $20,000 as was 166, v. 2149—were Lake Water Wcrks Dist. No. 5, Lake Coun'y (P. O. Lakeport), Calif. $10,000 bonds Principal and interest (J-D) pay¬ able at the County Treasurer's mentary general bonds. Middletown District from 1950 to 1967, and $11,000 in 1963. Voted—At for Principal and interest County Treasurer's office. 3V2s, at 101.05. 4, the voters approved the issuance of $425,000 inclusive. Duarte as 23 Denomination 1, 1947. Due the The incl. No bids for less than par and interest will be accepted. Martinez, Calif. bonds. Denom. $1,000. Due on Jan. $44,000 Bonds Dis¬ $1,000. to were National Dec. on incl. accrued San $11,000 from 1950 to 1962. and from America Savings Association, San Francisco, for $189,000 as 3V2S, at 101.004, and William R. Staats Co., §nd Redfield & Co., jointly, following not School highest bidders of & a.m. only and at not less than $4,000 from 1948 to 1960, $3,000 from 1961 to 1967, both City Council is said to have passed next interest bonds: Paramount 011 Dec. 1, 1948. Due seri¬ Jan. Bank Trust Bond Offering — Earl Lippold, County Clerk, will receive sealed 10 o r The Angeles County Sch. Dists., until Dated Jan. office. Calif. bids bonds 1, from 1950 to 1971 incl. Principal and interest (J-J) payable at the County Treasurer's proved the issuance of $35,500 fire station $44,000 by the SecurityFirst National Bank, of Los An¬ geles, as 3V4S, at a price of 100.- 14. voters the District purchased were District, the time same School ally Voted—At 1948. Prin¬ (J-J) payable County Treasurer's office. the Bassett Calif. Bonds interest and the at bonds. Oct. Bank, cipal authorized on bonds. 15, 1947. Denomina¬ Due on Dec. 15, as bonds of Los bids the Dec. $1,000. and 2—v. of Los Angeles, all Angeles, as 3V4S, at a price of 100.28, a basis of 3.223%. Due serially on Jan. 1, from 1950 to pur- County school are the the for 9 These both Dec. by $150,000 bids until on same by the Se¬ National Bank of offered Sealed — $1,000. follows: Dis¬ the Los Calif. Offering Dated tion school 11 Dated Dec. for 15 at Due a Lone Star Unicn School Dis'.rict, Fresno Conn'-" fP. O. Fresno), Bond Dec. on interest 5% from Los the p.m. ceed $1,000. & $60,000 school bonds. $12,000 a.m. on May and to legality for 15 3 $2,000 incl. 100.467. San Dist. until until 1962 1, purchased lowbrook County Clerk, will receive sealed 11 School at Co., jointly, for 2s, at incl. of bids the purchase of $15,000 not to ex¬ ceed 5% interest building bonds. the purchase of $73,000 not to ex¬ Interest 166, p. 2255 Joaquin —were purchased by a syndicate County (P. O. Stockton), Calif. Bond Offering — Sealed bids composed of R. H. Moulton & Co., will be received by the County Blyth & Co., Security-First Na¬ Due B. — on last Myers Oct. on incl. as Savings Association, San Fran¬ cisco, Harris Trust & Savings Bank, Chicago, and Weeden & ot' Angeles. & terest & bids Offering — B. J. Smith, County Clerk, will receive sealed basis a & author¬ were by The next highest bidder for the price 1984 have been approved as by 1966 $3C0,000 $1,500 to 1949 election an Lockeford Acalanes Due 100.577, offered First Bank 1948. Calif. Offering—A. E. Mallagh, County Clerk, will receive sealed 1935 con¬ a County (P. O. Santa Ana), bonds. Bond ceed 2 J-J. at 4%s, at Savanna School District, Orange ap¬ Nipomo School District, San Luis Obispo County (P. O. San Luis Obispo), Calif. Angeles, as 3V4S, at a price of 100.705, a basis of 3.17%. Due c?rinlly on Dec. 1, from 1948 to National $54,000 163, Los basis of about 4.726%. a from 2 of as 25—v. purchased $75,000 Azusa were for Jan. interest Pine bonds 100.26, Dated Tan. Co., at Co.50. issue an voters Bond were serially to time Savings Association, Francisco, was awarded struction Due 1943 bonds & Su¬ of Los Angeles, Bank America of 1.94%. The (P. O. Hanford), Bank Co., of trict Calif. Bonds issue, payable Nov. on price of rate" for District the of the the issuance of $1,000,000 construction payable A-O. King County, Armcm Sanilary ARKANSAS 3% Board were — a at from $25,000 payable to the City Treasurer, is required. 12. for each & 2s, Approval of A certified optional. for Chairman 2038 p. three different coupon is check but not rates, rates may be named. the Blyth ac¬ to of amount certified multiple of lk of 1%. a may as interest entire single bid lor or bonds offered delivery there¬ or a any for said Angeles County Sch. Dists. (P. O. Lcs A.ngelcc), Calif. Bond Sale—The $300,000 Pasa-. Jena City Junior College District accrued entertained at and be the 25 Los for less than together with shall of of pervisors, is required. The bonds may No bid the bonds for varying rates interest, will not be considered. to to both principal as bid issue interest, bonds bid Principal and in¬ payable at the City registered and 1348. as Treasurer's office. the A 1948. (J-J) bonds, deliv¬ of to 1969, all incl. than said series 15, for each less follows: $40,1956; $50,000 1986, and $60,000 15, 1949 of of the the rate of and any, amount of and par separately offered rate sealed pay to date state entire bonds Roughton, sewer interest to that state At the election — Nov. on proved of in¬ Rate must issue. Each the receive Denom. 1948. offers and interest until 11 a.m. on Dec. 16 for purchase of $1,000,000 not to the A will School multiples of % of bid premium, if Fresno, Calif. Clerk, 1, be in Each accrued bonds, payable to ine County Treasurer, is required. Bond Offering—D. E. Jan. bidder ery the City held $500. Jan. 1 from 1950 on High Sch. D'st., 1956 to 1970 incl., and $13,000 in 1971 and 1972. The bonds are County, (P. O. dated Nov. 1, 1947. Martinez), Calif. Costa Bonds Voted 1951 1%. Principal and interest (J-J) payable at the County Treasurer's certified on 53 Diablo Union Contra inclusive. 1963 terest to the unconditional. oe Nov. at from Lake bonds. $500 Dated ac¬ cepted. The opinion of O'Melveny and Myers, of Los Angeles, will be furnished the purchaser. These more Election—The issuance of $100,000 District interest cepted. $84,000 Gila Bend School District Elizabeth 12,000 Due par (P. O. Phoenix), Ariz. bonds of date $10,000 and 1963 inclusive. delivery arid state separately the premium, if any, and the rate of interest to date of County the to 1950, to ac¬ all of the bonds, nor for less than ARIZONA Maricopa and and par pay Mt. bonds. Denom. $1,000. Due on 5an. 1, as follows: $5,000 in less for only. Each bid must state Didder maturities at par and accrued in¬ terest sold be than par and accrued interest Terminals, will receive bids until 10 a.m. (CST) on D^c. 16 for the purchase of not not (2357) City Department 185,000 Lawndale School District County Treasurer's office. The bonds CHRONICLE PROPOSALS AND NEGOTIATIONS BOND ALABAMA FINANCIAL & Pueblo, Colo. Bonds Sold—The $650,000 bonds election on Nov. 4 were purchased by Hutchinson & Co., of Pueblo, as authorized at the general follows: $325,000 police station bonds. 200,000 health center bonds. 125,000 fire station bonds. Sterling, Colo. Bond Sale—The $300,000 water refunding bonds offered on Dec. 54 2 (2358) — 166, p. 2256 — by a syndicate v. chased were pur¬ Co., Peters, Writer & Christensen, both of Denver, and Otis & Co., all of Cleveland, at par, interest net a Wallingford, composed of Boettcher & of cost 2.06%. CONNECTICUT Bond Bethel, Conn. Bond — George F. Village Treasurer, will receive on sealed Dec. 10 bids at the until 3 p.m. of office Board the rate 10 for the purchase of $350,000 coupon ele¬ mentary school bonds. Dated Dec. 1, 1947. Denomination $1,000. Due $35,000 on Dec. 1 from 1948 to incl. of Bidder interest, multiple of lk to name in National Bank of of multiple a 1/10 of 1%. Principal and in¬ terest (J-D) payable at the Danbury National Bank, of Danbury. The bonds will be sold subject the legal opinion of Day, Berry & V Howard be of Hartford. registered with National Bank bids for to as less Bonds the may Danbury principal. No than and par ac¬ crued interest will be considered. A ff certified check for $2,000 Bank 1.215%. of 1948 to 1957 Dated ele- Dec. Dec. 1 1, from bids the Co., jointly, for 1.30s, at until bonds a 2 p.m. Dec. on of $475,000 follows: as 15 for coupon $350,000 special tax school district No. 2 bonds. follows: as Due Dec. on $11,000 from 15. 1948 1950; $15,000 from 1951 to 1953; $16,000 from 1954 to 1956; $17,000 in 1957 and 1953; $18,000 in 1959 and 1960; $19,000 in 1961; $20,000 in 1962; $21,000 in 1963; $22,000 in 1964; $23,000 in 1965; $24,000 price $675,000 bonds in Dec. 2—v. 166, p. 2256 purchased by Harriman Ripley & Co., Inc., Hemphill, Noyes & Co., and the First of Michigan Corp., both of New York, jointly, as lt^s, at a price A basis a of 1.45%, and $25,000 in 1967. certified check for $7,000 payable to the Board of Pub¬ on —were 100.31, 1966, lic Instruction, is required. 125,000 special tax school district No. 5 to as bonds. Due follows: as 1951; $5,000 Dec. on $4,000 from from 15, 1948 1952 to follows: 000 Due serially 1949 to Dated for k*- 29 1, J-J. 1947. The Interest next highest lVzS, at price of 100.287. a New Haven, Conn. Bond Offering — Cecil J. Marlowe, City Controller, will receive sealed bids until 1:30 p.m. on Dec. 11 for the purchase of $431,000 bonds, divided coupon as follows: $172,000 general public improve¬ ment bonds, No. 11. Due Dec. 1, follows: as 1949 from 259,000 1953 to 1956 incl. improve¬ bonds, No. 12. Due Dec. follows: $29,000 from 1949 to 1955 incl., and $28,000 as in 1956 and 1957. All of the bonds are $1,000. interest multiple to of be y4 and interest 1%. in a Principal (J-D) payable at the City Treasurer's office. Bonds are convertible from coupon into reg¬ istered form at any time. Legality to be approved by Storey, Thornr dike, Palmer & Dodge of Boston. Stamford Note (Town Offering Hemming, Town Conn. William Treasurer, receive bids until for of), — noon on P. the Dec. 1947-1948. Dated authenticated Dec. 1948. as 10, 1947. Notes will be to genuineness and validity by the First National Bank of Boston, under advice of Ropes, Gray, Best, Rugg of Boston. ' -Coolidge * Oct. on in 1, rate of bear redemption interest y4 or to in a 1%. of interest on Dec. on interest any thereafter, prior If at bonds less, bear all more the non-callable. terest (J-D) 1957, payment tion $1,000. at payable Denomina¬ Rate of interest to be (A-O) Barnett National payable the at Bank, Jackson¬ ville. The approving opinion of Giles J. Patterson, of Jacksonville, to as will A ihc be validity of the the check value par of furnished certified bonds purchaser. for of the bonds, the 2% is If Bids Rejected ceived for bonds rejected. bids $803,000 Nov. on The Instruction All — the offered Board may, bid received. competitive 3 V2 % and re¬ school 25 of within The bids were Public 30 two Port tended—At of the & Approved—The Authority approved the 000 revenue and officials said to have issuance of $3,000,are bonds for improvements refinancing at Miami In¬ ternational Airport. The proceeds will be in used part to retire $2,400,000 outstanding bonds, thereby giving the county full administrative tions. control of opera¬ Richey, Fla. Voted — The complete Ex¬ to have the an period are to city's refunding bond program. It was also voted to pay $7,935 past due interest on bonds and $13,000 on the amount due the on judgment secured by R. E. Kennedy, bondholder. The paying of back interest will not be done immediately. states that at the election held on 10 the voters approved the of the $1,350,000 civic issuance building bonds by a count of 3,385 to 415. '1 Escambia County (P. O. Pensacola), Fla. Date of connection Sale with Corrected the sale — of Offering City receive — J. E. Clerk-Comptroller, sealed bids until 11 fied $550,was recently by the Trust Georgia, Brooke, Tindall & Co., Johnson, Lane, Space & Co., and Wyatt, Neal Waggoner, all of Atlanta, jointly. Dated July 1, of 1947. lows: Due July on $35,000 from 1, fol¬ as 1948 to 1957, and $40,000 from 1958 to 1962, all Principal and interest (J-J) payable at the Trust Co., of Georgia, Atlanta. Approved as to legality by Spalding, Sibley, incl. Validated—A recent de¬ handed down by the State court, which had approved the is¬ of suance the bonds, voted $550,000 at the school election held May 30. on revenue certificates, and of 1947 Junior Lien. Dated 1949; $15,000 in 1950; $25,000 in 1951 and 1952; $25,000 from 1953 to 1955, and $30,000 in 1956 and 1957. All certificates which Secretary will of and of their accrued and interest or maturities at par interest. Principal (J-D) payable at the City Clerk-Comptrol¬ at the Chemical Bank & Co., New York City. The approving opinion of Mitchell & Pershing, of New York City, will be furnished the purchaser. A cer¬ tified check for 2% of the Certifi¬ cates bid for, payable to the City, is required. Chairman Port Authority, will re¬ ceive sealed bids until 10 a.m. on Board receive 8 p,m of par is re¬ Education, sealed bids until Dee. 15 for the purchase on $1,700,000 to not exceed 2V2% interest building coupon bonds. Dated Dec. 1,1947. Denomination $1:00J. Due 1. Dee. on follows: as $45,000 in 1949 and 1950; $50,000 in 195.1; $55,000 in 1952, and 1953; $60,000 in 1954; $65,000 in 1955; $70,000 in 1956; $75,000 in 1957; $80,000 in 1958; $105,000 in 1959 and 1960; $110,000 in 1961; $115,000 in 1962; $125 000 in 1963; $130,000 in 1964; $135,000 in 1965 and 1966, and $i40,0J0 in 196/. Registerable as to principal only. Principal and interest (J-D) pay¬ able at such in pany bank a trust com¬ or the City of Chicago, as may be mutually agreed upon be¬ tween the purchaser and the Dis¬ trict. No bids will be considered which specifies different rates of must 1%. be of in The furnished than more rates three interest. All multiples of !4 purchaser with will be the approving opinion of Chapman & Cutler, of Chicago. A certified check for 2V2% of the value par of the bonds bid for, is required. Kane County School District No. 101 (P. O. Batavia), III. Bond Offering Harry Pierce, Education, — Board will receive p.m. on of sealed bids 15 the Dec. for until terest school Dated Dec. $1,000. building 1, 1947. Due bonds. Denomination Dec. on l,.as follows: $20,000 from 1948 to 1951; $25,000 from 1952 to 1958; $30,000 from 1965, and $35,000 in 1966. to at such in pany bank the State purchaser and trust or as may be between the upon the pay¬ com¬ District. Reg¬ No Offering—Robert L. Wil¬ istered Chairman, bid for less than par will be con¬ sidered. No bid for more than two bids until will 2 receive p.m. Dec. on to as principal only. 10 for the different interest rates will be port cepted. purchase of $92,000 air¬ bonds. Dated Jan. 1, 1948. Denomination $1,000. Due on Jan. bid in 1, as follows: $10,000 from 1953 to 1960, and $12,000 in 1961. Bonds due from 1953 to 1960 shall ma¬ These ture without option the ment. of prior pay¬ Bonds due in callable for 1961 shall be in inverse payment numerical order of their numbers at par and accrued interest on the name the rate bonds or will multiple of Vs of 1%. interest and Charles opinion Ror»ds the to 1%. Nov. 2. The furnished with on be for $5,000 payable to Treasurer, is required. Voted—The $100;000 bonds at a Authority, issuance of pumping equipment approved by the voters recent election. Northville Township (P. O. Northville), III. of for $2,- (P. O. was Bonds Not 000 road to of Meredosia), Whiteside County, III. chaser. payable required. Vs Meredcsia Drain. Dist. tion check held check Trauernicht, of St. Louis, will be furnished the pur¬ A certified of approving opinion of Chap¬ & Cutler, of Chicago. A cer¬ the District in Principal & 000 ac¬ requested the bonds authorized at are tified by legal multiple election man rates of bear payable at the bank The a are Jan. trust company to be designated or Bidders purchaser will 1, 1950, or on any interest pay¬ ment date thereafter. Bidders are a 8 purchase $500,000 not to exceed 2V2% in¬ of mutually agreed Cairo), III. not Voted—At elec¬ an held recently the voters did approve the issuance of $100,improvement bonds. is Palestine, III. Bonds Authorized—The Village DuPage and Cook Cos., Hinsdale- Council is said Clarendon ture in the years 1953 to 1957, incl., shall be subject to redemp¬ tion Dec. 1, 1952, or on any in¬ terest payment date thereafter, order the No. 86 (P. U. Hinsdale), III. Bond Oliering—C. E. Spearman, able County Airport Authority (P. O. ma¬ prior to their respective maturi¬ ties, at the option of the City in whole or in part in the inverse of bid for, Principal and interest (J-D) ILLINOIS Alexander sioners. water the 2V2% bonds DuPage and Cook Cos., Hinsdale Township High School District 1959 terest for for of the quired. Secretary, Troutman & Kelley, of Atlanta. Bonds check value the purchaser, subject to the approval of the Board of Commis¬ 22 Bond Offering—Leon D. Lewis, In of purchase of $250,000 not to exceed 3% in¬ Dec. on St. Petersburg Port Authority, Fla. the issue purchased interest Trust Nov. Sale—An requested to Pensacola, Fla. Certificate ler, City Clerk for 91/2 % school house bonds sealed Program six-month office of the Daytona Beach, Fla. Bonds Bond mo Bond Dec. 1, 1947. Denom. $1,000. Due on Dec. 1, as follows: $10,000 in 1948 Bonds be must County, County Sch. Dist. (P. O. La Fayette), Ga. liams, issue County Port Authority (P. O. Miami Springs), Fla. and Walker 3.35% the Dade 1%, $300,000 pay¬ Authority, is required. days recent a additional a.m. approving opinion of Cald¬ well, Marshall, Trimble & Mit¬ chell, of New York City. of check able to the highest for were Refunding in¬ La certified bonds, respectively. New Bond will the multiples of for all of the bonds. The same privately at a price better, than the best or Frenkel, at in approving opinion of Wood, King & Dawson, of New York City, will 3e furnished the purchaser. A sell th# bonds equal to, or Bank, Chicago. The be No. be and to 1/10 or cision at the Authority's fiscal New York City, or the agency of Florida. Rate County Special Tax Sch. Dist. Supreme Court validated and con¬ firms the 1 (P. O. Fort Myers), Fla. findings of the trial Lee Chapman & Cutler, will be furnished the purchaser. A certi¬ the interest the re¬ quired. shall Principal Salle National or of Co., 1947. 1, interest 2.99% bonds $50,000 and 1954. expressed in multiples of Va or 1/10 or 1/20 of 1%. Principal and date maturity interest. interest of 15, to plus accrued par Oct. 1952, refunding agents, requested paying as decided that Crummer & Co., Inc., Denom. at lk of 1%. The approving opin¬ ion of agency in and 1948 to payable than 2.99%, the bonds maturing in 1958 to 1967 shall be subject to 9 the Due June 30, Due meeting of the City Council, it is said, it was 1947. are 1953 Dated and certified Public 15, Bidders bonds will purchase at discount of $2,750,000 notes issued in antici¬ pation of taxes for the fiscal year I of multiple of 1/100 dated Dec. expressed of series Instruc¬ A $2,500 Dec. the name 1, 1947. Denomination $1,000. Rate of 1966, able pay¬ . purchaser will be furnished with general public ment 1, $22,000 from incl., and $21,000 to 1952 1967. Board Dated the First Boston Corp., v/as to tion, is required. July 1, from on for the bonds. 1962 in check 1966 incl. July payable bidder series from $9,000 bonds. Due serially on July 1, from 1949 to 1957 incl. school 1948; County, $25,000 and $7,000 from 1959 to 1961; $8,- 175,000 bonds. in 1954: $6,000 from 1955 to 1958; $500,000 veterans' temporary housing series I second issue or Oct. 1, as on Broward follows: to New Britain, Conn. of 2 $40,000 purchase of 100.088. offered 250,000 a price (P. O. Titusville), Fla. Bond Offering—Damon Hutzler, County Superintendent of Public Instruction, will receive sealed incl. Sale—The at in 1949; $30,000 in 1950 and 1951; the First Boston Corp., and Cooley Bond Francis I.1 100.51. Principal and •interest (J-D) payable at the Bridgeport-City Trust Co., Bridge¬ port. The next highest bidder was & of: in $72§,000 on State Due seri-i incl. The on part or in after March 1, 1953. Volusia Ccun'y Special Tax Sch. Dist. No. 8 (P. O. fol¬ De Land), Fla. lows: $15,000 in 1948; $20,000 Bonds Defeated—At the election in 1949; $25,000 in 1950; $30,000 in 1951; $35,000 in 1952; held on Nov. 18 the voters rejected $40,000 in 1953; $45,000 in the proposal to issue $250,000 con¬ 1954; $50,000 in 1955; $55,000 struction bonds. in 1956; $65,000 in 1967, and GEORGIA $70,000 in 1958. FLORIDA Merrill Lynch, Pierce, Fenner & Beane, both of New York, jointly, as 1.30s, at a price of 100.18, a of the on $50,000 1 bonds. Due Brevard County School Districts — 1947. Due serially of Oct. 1, as fol¬ $60,000 in 1949; $70*000 in 1950; $75,000 in 1951; $80,000 in 1952; $90,000 in 1953, and $100,000 in 1954. 450,000 Suwannee County, series lows: 1, 1941. Principal and (J-D) payable at the Delaware, Wilmington. ally from 1949 to 1960 next highest bidder was du Pont & Co., for l%s, whole of in Principal and interest (M-S) V4 3 bonds. Due Dated June Farmers exceed • $525,000 Highlands County, series 166,; interest to redeemable are follows: pay- mentary school bonds offered on Dec.- 2 v. 166, p. 2256 — were purchased by Lehman Bros., and basis Offering—C. H. Overman, 2149—were purchased by Laird: & Co., of Wilmington, as l%s, at a price of 100.55, a basis of 1.416%. Fairfield, Conn. Sale—The 26—v. improvement Commission O. Tallahassee), Fla. p. able to the Village, is required. Bond Nov. on the registered bonds. Dated Sept. 1, 1947. Denomination $1,000. Due on Sept. 1, 1987. The bonds the Boston. for not coupon or mission, will receive sealed bids Until 2 p.m. (EST) on Dec. 18 for purchase of $1,225,000 reve¬ nue coupon bonds, divided as a Monday, December 8, 1947 purchase of $15,-3 ¥2% in¬ terest Tampa 'Bay Bridge revenue Director State Improvement Com¬ 1%. 12 OOOjOOO 16. (P. Day, First Dec. on Bond Principal interest (J-D) payable at the and Dec. 15— 2256—we learn that the p. Florida one expressed of 166, Dec. on CHRONICLE bonds revenue sale sale will be held bonds offered of interest in for until 2:30 p.m. on Dec. Legality to be approved by Ropes, Berry & Howard, 750 Main Street, Gray, Best, Coolidge & Rugg of Hartford, Conn., for the purchase Boston. of $250,000 water issue of 1947 coupon bonds. Dated Dec. 1, 1947. DELAWARE Denomination $1,000. Due on Dec. New Castle County (P. O. 1, as follows: $13,000 from 1948 to Wilmington), Del. 1957, and $12,000 from 1958 to Bond Sale—The $60,000 airport 1967, both incl. Bidders to name "f bridge scheduled of v. rate Offering $1,500,000 Conn. The FINANCIAL Selectmen will receive sealed bids 1957 Andrews, Offering & COMMERCIAL THE - Hills Community Consolidated Sch. Dist. No. of (P. O. Hinds- 181 Bond Offering—C. E. Board will receive 8 p.m. on of of sealed $33,000 street improvement bonds. dale), III. Secretary to have passed an ordinance calling for the issuance Spearman, Education, bidd until Dec. 15 for the purchase $300,000 not to exceed 2V2% in¬ school house site coupon bonds. Dated Dec. 1, 1947. Denom. Pekin Park District, ,111. Not Voted—At the gen¬ eral election on Nov. 4 the voters Bonds did not $50,000 approve the building issuance df maintenance bonds. terest $1,000. Due Dec. 1. on as follows: Thomson Consolidated Sch. Dist., No. 74, III. Bonds Sold—The $100,000 from $10,000 from 1949 to 1958; $20,000 1959 to 1963, and $25,000 struction from con¬ election 1964 to Registerable 1967, all inclusive. to principal only. as Principal and interest (J-D) pay¬ able at any bank or trust company as may between District. be mutually agreed upon the purchaser and the No fered which three bid will specifies different rates be consid- more than of interest. Rate of interest to be in multiples bonds authorized at thd held on Sept. 13 were purchased by the H. C. Spears & Sons Co., of Chicago. Thornton Township School District (P. Thornton), High Ill.t O. > <• Bond Election—The issuance of $1,500,000 construction bonds will be, submitted to the voters at election scheduled for Dec. 13. an Volume 166 Number 4653 THE COMMERCIAL Bond to County (P. O. Carmi), III. Ejeution—At be held will Dec. on consider $'500,610 an 16 the issuance of INDIANA Albion, Ind. Bond Sale—The $70,000 electric revenue bonds offered on Bee. 1—v. 166, p. 2150—were utility pur¬ chased by Charles A. Hinsch & to 19fc6, voters house bonds. court 1949 t^iioxi the and $4,000 from 1967 to 1986 incl. to 1957; $3,000 from 1958 to Bonds 1986, maturing optional in inverse numerical order, at 102, and ac¬ crued interest on any interest pay-? ing date on or after July 1, 1969. Principal and interest (J-J) pay¬ Dated able at the Sellersburg State Bank, Sellersburg. Approved as to legality by Chapman & Cutler, of Chicago. - able at the Albion National bonds offered of pay¬ suit of Trustee, will receive sealed bids until 8 p.m. on Dec. 8 for the purchase of the following not to exceed 4% interest school of 1947 bonds: school Due township bonds. July 1, 1947; $500 July 1, from 1949 to the at with water in the Bank 2039—we $500 that 3s, at as Nov. on 166, the p. ma¬ 1965; $500 Jan. and $1,000 July 1, 1966, and $1,000 Jan. and July 1, 1967. 20,900 civil township bonds Due — consideration the issuance of $1,- 600,000 parking garage bonds. July 1, 1948; $500 Jan. July 1, from 1949 to 1965. Jan. and $1,000 July 1, 1966, and $1,000 Jan. and July 1, 1967. Dated Aug. 1, 1947. Denomina¬ tion $500 and $900. Rate of in¬ terest to be in multiples of V4 of 1%, and shall No not be bid crued named for than more by less each than rate one and par will be be Bonds held Voted—At Nov. on water the a certified check for $250 pay¬ able to the Civil Township, is re¬ quired. Indianapolis School City, Ind. Bond Offering Business Director. V. Bailey. Board School Commissioners, will receive sealed M. — bids until Bond be bonds. 5% Dated interest the of ap¬ $6,500 22, 1947. De¬ nomination $1,000. Due on Jan. 1, follows: $45,000 from 1949 to 1965, and $40,000 from 1966 to memorial 8, the voters issuance of $25,.- athletic field im¬ bonds. — ap¬ proved the issuance of KANSAS El Bond Sale Details—In pay¬ able to the Board of School Com¬ 166, p. of 1.56%. Dated Nov. 1, 1947. Due on Jan. 1 from 1950 to Nov. 28 on Perry School District, Kan. Sold—The $115 000 con¬ bonds authorized election held Wichita. est of Detmer & Co., jointly, for Bond Rensselaer, ming pool 28 v. Ind. 166, on Nov. 1935 — were pur¬ chased by the State Bank of Rens¬ — the sold the Sale of selaer. Dated Dec. 1, 1947. Inter¬ payable J-J. Due serially on July i, from 1948 to 1955 incl. by on Dec. 2 syndicate a Harris Trust were pur¬ composed & Savings Wichita, and Estes, Snyder &■ Topeka, as l%s, at a price 100.079, a basis of 1.365%, as follows: Channer cago, is $125,000 works Publicly Offered $657,745.61 paving bonds. Due 745.61 in on 1948. and Dec. sewer 1, $63,$66,000 and from 1949 to 1957 inclusive. 298.626.73 general street Securities on revenue Co., refunding and im¬ bonds. Dated July 1, $1,000. Due follows: $2,000 from Denomination Jan. The of Chi¬ offering for investment 3V2% interest water provement 1947. bonds. Due $28,626.73 in 1948, — 1, as Rus¬ was Long, for 2V4S, at 100.70. Offering Clerk, until of and be held in the very near future the voters will consider the issuance of $175,000 construction 3% airport 1947. interest Parish School will receive sealed bids 1, as $175,000 Minden School District bonds. 50,000 Heflin School District bonds. These are the bonds authorized at the election held $14,000 in $15,000 in cently by F. W. Home & Co., of Concord, and Kenneth B. Hill & Co., of Boston, jointly, at a price of 100.342, a net interest cost of 2.301%, as follows: $60,000 as 2s, maturing $12,000 on Nov. 1, from 1949 to 1953; $120,000 as 2V4S, ma¬ turing $12,000 from 1954 to 1963, and $60,000 as 2V2S, maturing $12,000 from 1964 to 1968, all inclu¬ sive. Dated Nov. 1, 1947. Principal and interest. (M-N) payable at the National Rockland Bank, Bos¬ ton, or at the Frontier Trust Co., Fort Fairfield. Approved as to are part $30,000 from 1949 to 1957 of an issue Chapman & These bonds of MARYLAND Prince George's County (P. Upper Marlboro), Md. Bond Sale—The tal and O. $750,000 hospi¬ public building bonds of¬ fered on were purchased Dec. 2—v. 166, by a p. 2151— syndicate composed of Phelps, Fenn & Co., of New York, Schoellkopf, Hutton & Pomeroy, of Buffalo, Reynolds & Co., of New York, Dolphin & Co., of Philadelphia, and Ferris & Co., of Washington, D. C., at a price of 100.01, a net interest cost of Harriman was Inc., and jointly, as Ripley & Co., Smith, Barney & Co., 2.60s, at 100.599. Knuckles, Jr., Officer, re¬ ports that 4% refunding bonds Nos. 16 to 22, totaling $4,500, are called for payment on Jan. 1, at the Continental Bank & Trust Illinois Co., of National Chicago. Dated Jan. 1, 1940. Interest ceases on date called. park improvement St. bonds. and Due $11,787 in 1948 $15,000 from 1949 to 1957 inclusive. Dated were Dec. (P. O. St. Matthews), Ky. Issue ported that 1, 1947. The bonds sold subject to the approving is now a Pending—It is re¬ $2,000,000 bond issue under consideration trict officials. by dis¬ $400 000 veter¬ coupon bonds offered 1—v. 166, p. 2257—were purchased by Blair & Co., Inc., Co., and Lee Higgin¬ Corp., jointly, as 2s, at a price of 102.761, a basis of 1.737%. Dated Dec. 1, 1947. Due serially Estabrook & Dec. 1, from 1948 to 1967 inclu¬ sive. The next highest bidder was First Boston Corp., as on the 2^, at price of 102.14. of Sale Postponed—The sale the $300,000 veterans' housing bonds scheduled for Dec. 3, 'has been postponed until Dec. 9. The bonds will be dated Aug. Due to 1, 1947. Aug. 1, $15,000 from 1948 on 1967 inclusive. MICHIGAN Detroit, Mich. Sale—The $917,000 public Bond utility, water, series "R" bonds of¬ fered Dec. on 2—v. 166, p. 2151— purchsaed were by a syndicate composed of Halsey, Stuart & Co., Bosworth & Co., Inc., Braun, Hornblower & Weeks, of New York, and Field, Richards & Co., of Cleveland at a price of 100.0994, net interest cost $66,000 of 2.1983% as 2V4S, maturing Dec. 15, 1956; $193,000 as 2s, maturing $84,000 in 1957; $109,000 in 1958, and $658,000 as 2!4s, ma¬ turing $132,000 in 1959; $153,000 in 1960; $175,000 in 1961, and $198,as in 000 Dec. J-D. 1962, all inclusive. Dated 15, 1947. Interest payable The next highest bidder was the Bankers Trust First Boston Co., New York, Corp., First of Mich¬ igan Corp., and Crouse jointly, for $150,000 as 2s, $767,000 as 2 Vis, at par. Co., and Michigan State College (P. O. East Lansing), Mich. Bonds Publicly Offered—A syn¬ dicate composed of the First of Michigan Corp., of Detroit, Paine, Webber, Jackson & Curtis, of Chi¬ cago, McDonald-Moore & Co.,,H. V. Sattley & Co., Watling, Lerchen & Co., all of Detroit, Donavan, Gilbert & Co., of Lansing, E. H. Schneider & Co., of Kalamazoo, is offering for invest¬ ment the following revenue bonds: and $935,000 dormitory bonds. Due on Dec. 1, from 1948 to 1957 in¬ Due Lynn, Mass. porary 3 were Sale—The $500,000 loan notes offered on tem¬ Dec. purchased by the Security on Dec. 1, 1956. The dormitory, series A bonds, having a prior claim to retirement by lot in advance of maturity, are Trust Co., of Lynn, at 0.647%, dis¬ callable count. Due March 26, 1948. Pay¬ able in Boston or New York. The 1948 to 1952, and thereafter at par. In the event of their retirement validity of the notes has been ap¬ proved by Storey, Thorndike, Palmer & Dodge, of Boston. The next highest bidder was the Mer¬ the serial bonds chants National Bank, Note Sale — offered The $75,000 water Nov. 26—v. 166, on 2151—were purchased by the Higginson Corp., of Boston, l%s, at a price of 101.437, a basis of 1.536%. Dated Dec. 1, p. at Dec. 100.50, 1, from Dec. 1, callable at 102 are 1949 to 1954, and thereafter at 101, prior to matur¬ ity. Oak Park, Mich. Tenders Marion, Mass. notes from Boston, at 0.655%. Matthews Sanitation District Bond Sale}—Tne 240,000 dormitory series A bonds. inclusive. 146.787.00 ) ) clusive. MASSACHUSETTS Note Finance April 9, housing Dec. a $400,000 Bond Call—W. L. four hospital Due on $2,500 is required. Local Bond ans on follows: authorized at the general election on Nov. 4. A certified check for Perry County (P. O. Hazard), Ky. $50,000 notes. • land. der proving opinion of Cutler, of Chicago. of tuberculosis Watertown, Mass. Maryland. The next highest bid¬ The purchaser with the ap¬ Dedham), Quincy, Mass. Bond 2.352%, as follows: $300,000 as 2s, maturing $30,000 on Dec. 1, numerical order of their maturity, from 1948 to 1957; $180,000 as 21/4s, at various premiums depending on maturing $30,000 from 1948 to the date of redemption. Both 1963, and $270,000 as 2V2S, matur¬ principal and interest (J-D) pay¬ ing $30,000 from 1964 to 1972, all able at the Central Trust Dated Co., of inclusive. Dec. 1, 1947. Owensboro. Bidders should spe¬ Principal and interest payable at cify a single rate of interest for the First National Bank, of South furnished purchase MAINE Fairfield School District, Me. Bond Sale—An issue of $240,000 school bonds was purchased re¬ to 1948; $16,000 in 1949; 1950; $17,000 in 1951; $16,000 in 1952; $18,000 in 1953; $17,000 in 1954; $19,000 from 1955 to 1957; $20,000 in 1958 and 1959; $22,000 in 1960, and $18,000 in 1961. Bonds be the months a recently. Fort Dec. $1,000. follows: complete son for 1, Due the Districts (P. O. Minden), La. Bond Offering — J. E. Pitcher, Superintendent Parish School municipal Dated Denomination Dec. 8 not to of Nov. as 1948. Webster sealed Dec. $250,000 bonds. on Rhoads, Restored bulletin a amends maintenance bonds. legality by Verrill, Dana, Walker, Whitehouse, of Port¬ J. on which Philbrick & receive a.m. exceed E. — will 10 purchase State opening SnVersbur<*. Ind. Bonds The next highest bidder sell & will $1,103,159.34 p. est elec¬ tiples of Vi of 1%. Kan. The — Co.. of $15,000 swim¬ bonds offered at were Bank, Northern Trust Co., both of Chicago, McKinney-Ohmart Co.. of .Bond, Sale—The sew¬ disposal plant bonds offered 2—v. 166, p. 2256—were purchased by the Mt. Sterling National Bank, as 2s, at a price of 1C0.70. Dated Jan. 1, 1948v Due se¬ rially from 1948 to 1967 inclusive. Dec. on Banks issued Note Offering—Sealed bids will he received by the County Treas¬ urer, until 11 a.m. on Dec. 9; for an the bonds which shall be in mul¬ chased 13/4S, at 101.17. Nov. 15 on recently. Treasurer's office. was recent¬ were Bonds struction bonds offered bidder Interest ly sold. Principal and interest (J-J)., payable at the County and Ky. maturing in 1951 to 1961, will be County (P. O. Ulysses), Kan. optional for redemption prior to Sold—The $100,000 hos¬ maturity, in whole or from time to in pital bonds authorized at the elec¬ time part, in the inverse incl. The next high¬ Estabrook & Co., Sterling, Grant 2039—were p_u rchased by Raffensperger, Hughes & Co. of Indianapolis, as l%s, at a price of 102.115, a basis 3969 inclusive. payable A-O. tion held Indianapolis, Ind. Bond Sale—The $225,000 bridge first issue of 1947 bonds offered Nov. 21—v. 1, from 1958 Bonds missioners, is required. toll spans age connec¬ tion to State Bond Sale —The $145,000 the 1949 forms to be furnished by the School City. A certified check for 3% of the bonds bid for, 011 the until the indebtedness is dissolved. bids to be be that revenue bonds to fi¬ the construction or purchase bridges which remain City Dorado, Kan. Citizens State Bank, of El Dorado, and mature $5,000 on Oct. serially of provided issue Bond and bidders shall not bid less than the face amount of the boi\ds. Bids to the as (State of) Bonds Norfolk County (P. 0, to provided known Owensboro, Ky. 24 issue—v. 166, p. 2150—we learn that the bonds were sold to the interest law $40,000 multiples of V4 of 1%. Bidders may bid only one rate of interest, of 1928 a gymnasium bonds. in Rate by nance election an Dec. wtih the sale of the $50 000 airport bonds (not $21,000 general improvement) as IV4S, at a price of 100.83, as reported in our Nov. on for Mt. Stuart School District, Iowa Bonds Voted At an election held on Nov. 20 the voters Dec. $4,591,000 and pro¬ bridges at Maysville, Massachusetts Scranton Legal List—The Commissioner of (P. O. Minden), La. tion Other 1930 Ashland and Henderson. The bond issues were Lake, Iowa on provement election voters Election—At held building as 3968. for noon exceed the system bonds. will consider the 000 for price of a Mass. totaled vided may an issuance works (CST) on Dec 11 purchase of $885,000 not the 10 Storm to provided Co., for l%s, at 101.269. Webster Parish, Minden Sch. Dist. Board, bridges at Burnside, Bbonesboro, Tyrone, Spottsville, Canton, Eggner's Ferry, Pa- islation Masonville, Iowa the issuance Bond Election Soon—At Murphy Toll Bridge Act. The leg¬ of par. furnished and for refunding bonds was pur¬ recently by the Malvern Trust & Savings Bank, at a price accepted. will $7,700 chased the approving opinion of Ross, McCord, Ice & Miller, of Indianapolis. A certified check for $250, payable to School Township of the lows: issues issue 1948 redeemed ducah and Smithland. 2% proved ac¬ interest with to Sale—An bidder. purchaser The Bond will consider election an 17, until 1.30 p.m. on Feb. 3 for the purchase of $225,000 bonds as fol¬ and kins & July 1, 1947, by adding to the investments considered legal for savings banks, municipal obli¬ gations of the City of Scranton, Pa., as of Nov. 18, 1947. $250,000 drainage bonds. a construction of Malvern, Iowa and Feb. $5,101,000 $500 $500 have on Dec. 1 from on inclusive. list of O. Mr.- Tinder said the first bridge bond issue was in 1930. It totaled Des Moines, Iowa Bond Issuance Pending The City Council is said to have under will Election—At held voters Highway Com¬ Stephen Watkins, M. in 1938. span 10, from 1948 to incl. $500 Jan. and State be of Tinder, Department Director Records, said as of Jan. 1, 1948, the bonds and par, only; (P. serially 1962 Principal' payable at the Day Trust Co., Boston. The next highest bidder was Robert Haw¬ 25, Parish Alexandria)-, La. Bond to than more until $17,205,000 worth of bridge bonds, leaving $75,000 outstanding on the bridge at Rockport. Bonds total¬ ing $513,000 were issued for this reported as issue—v. learn sold 1962 17 of $7,500 the Perry to Perry, connec¬ the of bonds of Nov. our were sale works State W. Details—In Union revenue Rapides to report missioner J. Dawson, Iowa Sale a in under to issue property. Nearly State Highway De¬ averaging have The bonds would be secured by a first mortgage on the terminal Debt a * year, to proposal a City — to 55 and interest (J-D) Passepger bonds, to be dated Jan. 1, 1948, to mature se¬ rially from Jan. 1, 1953 to 1989. Terminal $75,000 indebtedness remains. In Bond tion 'rate said are $15,000,000 reported $1,000,000 101.05. ture $20,900 by li/2s, at a price, of 101.075. The highest bidder was Wheelock & Cummins, for II/2S, at a price of seeking to enjoin issuance Township purchased officials consideration recently that the"'$17,280,000 worth of revenue bonds, ^suejd to finance 19 Ken¬ tucky bvidges have been paid off next the bonds. Geneva Township (P. O. Scipio), Ind. Bond Offering: — Edward Foist, partment Boone State Bank & Trust Co., as Award Deferred—Formal award the bonds awaits outcome of a $20,000 airport Nov. 28—v. 166, on 2150—were p. Bank, Albion. Sale—The Revenue 1947. Due 1948 Orleans, La. Bond Issuance Pending Kentucky (State of) Retired—The Boone, Iowa Bond LOUISIANA KENTUCKY • Bridge 1, 1947. Due serially 1, from 1948 to 1963 incl. Principal and interest (J-D) • IOWA Dec. Dec. on (2359) New highest bidder was Stern Bros. & Co., Sodbn^Zahner Co., Lucas, Eisen- & Wackerle, Beecroft, Cole & Co., Dunne-Israel Co., and Lathrop-Hawk-Herrick Co., joint¬ ly, for l%s, at par. are Co., of Cincinnati, as 2%s, at a price of 100.36, a basis of 2.455%. CHRONICLE opinion of Stinsoh, Mag, Thomson, McEvers & Fizzell, of Kansas City. Interest payable J-D. The next 1970 from FINANCIAL ■ I v White & ' ■ Reibel, Invited City — Clerk, Charles will J. receive sealed tenders until 8 p.m. (EST) Dec. 15 of 1946 certificates of on indebtedness, series A and B. Lee amount as fund for the retirement of the on hand in the The sinking cer¬ tificates is approximately $26,000. 56 (2360) THE Offerings should, state certificate numbers, their par value and the amount for which they will be sold to the City. The City Council reserves the right to reject any or ail tenders; to waive any irregu¬ larities in said the tender tenders; to accept tenders most favor¬ or the City; able to additional and to purchase certificates of days. Ste. - Claire Shores, Mich. $57,000 special Sale—The Bond assessment 1947 of bonds sewer ^ CHRONICLE to 1951 incl. der at The next highest bid¬ Whiting, Weeks & Stubbs, price of 102.71. a Bond 18. Offering — as George L. $19,000 Voted—At Bonds held City, Nov. on 25 Mo. the the election voters ap¬ proved the issuance of $150,000 swimming pool for whites bonds; $60,000 swimming pool for negroes bonds, and $225,000 viaduct con¬ struction bonds. pec. 2—v. 166, p. 2257— awarded to S. R. Livingstone not beach of 1947 coupon bonds. Dated Dec. protection 1, 1947. Denomination $1,000. Due Dec. 1, as follows: $4,000 in and and 1949, general 12,000 7,000 improvement bonds. assessment series A sewer 4,000 paving bonds. series A bonds. and Miller, Kenower & Co., of Detroit, bid on a 3.47% basis. Bonds maturing from 1960 to 1962 are callable, at par and ac¬ crued interest, in inverse numer¬ ical order, on or after Nov. 1, 1959. Election—At to be held Dec. on consider will $325,000 Mich. tion with the sale of the $100,000 21/2% water system bonds to a syndicate headed by J. M. Dain & Co., of Minneapolis, as reported in the 9 the voters issuance construction Nov. our 2040—we sold 1949 to 17 issue—v. learn for and mature election an is that 166, the ly, for 21/2s and 2V4S, at 100.008. A bonds. Dated 1,; 1947. Interest The combined is¬ bonds 1968 incl. on of 100.80, Jap, 1, from Interest! payable J-D. of bonds. NEBRASKA Cozad School District, Neb. Not Voted—At the elec¬ MINNESOTA Bonds Granite Sale Bond tion with hospital Falls, Minn. Details—In the sale bonds of to connec¬ the $50,000 Yellow the Medicine County Bank, of Granite Falls, 2s, at par, as 166, 2151 p. learn that the bonds mature —we $2,500 Dec. 1, from 1948 to 1967 on 000 construction bonds. Davenport School District, Neb. reported in as Nov. 24 issue—v. our tion held on, Nov. 19 the voters did not approve the issuance of $85,- Bonds held Voted Nov. on the proved At the election — 18 the voters issuance construction of Fremont School District, Neb. Bond Sale—An issue of $550,000 No. 12 (P. O. Richfield), building bonds was purchased re¬ cently by the Robert E. Schweser Bond Offering — Sealed bids Co., of Omaha, as IV2S. will be received by the Clerk Minn. Board Education of until Dec. 11 Ravenna for the purchase of $450,000 build¬ Dec. 1, as follows: $35,000 from 1.955; $30,000 from 1956 to 1959, and $40,000 from 1960 to 1962, ail inclusive. 1950 to Mankato Special School District, Minn. Not Bonds tion held Bonds dent of Nov. the 24 elec¬ voters did, not approve $670,000 construction bonds. the issuance Voted—The $50,000 held (P. O. burg), Miss. Bonds Clerk held Voted states that Nov. on The — at 18 construction sold sue the issuance of county hospital bonds. proved Bonds eration—The Under Port election ap¬ $350,000 election,, Commissioners County (P. O. Columbia), purchased Lincoln, years. by the First Boettcher & able at the County Treasurer's of¬ fice. Stanton School Rejected District, Neb. All bids re¬ ceived for the $225,000 not to ex¬ ceed 4% interest school bonds rejected.—v. 166, p. 2041. NEVADA Carlin Saunders & Co., (P. O. Elko), Elko County, Nev. of Memphis, Bonds Voted—At a recent elec¬ Cady & Co., of Columbus, J. G. tion ' the voters approved by a Hickman & Co., of Vicksburg, and count of 72 to 11, a proposal call¬ Cotten & Co.. of Jackson. Dated ing for the issuance of $100,000 Feb. 15, 1948. Due serially on Feb. construction and equipment bonds. -15 from 1948 to 1960 "incl. .The, purchaser will be furnished with NEW HAMPSHIRE < the approving opinion of Charles & Trauernicht, of St. Louis. Hillsborough County (P. Manchester), N. H. .... Quitman, Miss. Bond Legality Approved — A $70,000 issue of 3^4% semi-annual Water v/orks and sewer system bonds has been approved to legality Trauernicht; of as Dated are 1, Oct. by St. 1, Charles & Louis, Mo. 1.947. These bonds part of !a total authorized issue of $100,000. O. offered on bonds Dec. 2—v. 168, p. 2258 28 — v. 166, p. Julius A. ly, taking $60.8,000 as 2.60s, at a price of 100.331r a basis of 2.574.% as follows: $518,000 sewer serially on to 1983 1952 incl. improvement bonds. Due serially 011 Dec. 15, from 1948 1953 incl. Dated Dec. 15, 1947. Principal (J-D) payable at the First Mechanics National Bank of The next highest National the State bidder Bank, of Newark, Paine, Webber, Jackson & Curtis, Rogers, Gordon & Co., Ryan & Moss, and F. R. Cole & Co., jointly, for $606,000 as 2.70s, at pur¬ by the First of Michigan Corp., of New York, at a price of 102.93, a basis of 1.215%. Dated Oct; ,1, 1947. est (A-O) Principal and inter¬ payable chesterrt TriiSt Due serially on at the Man¬ multiples of Vs or Delafield West 40,000 and interest School District, Call—T. N. Francis J. Butler, District Clerk, announces the refunding bonds are called for payment on Jan. 1, 1948, at par and accrued interest, at the Lodi Trust Co., Lodi. Dated July 1, 1940. Each bond surrendered must, unless it has been converted into a bond registered as to both principal and interest, be accom¬ $257,000 on Jan. on 1, YORK NEW Baldwinsville, N. Y. Bond Sale—The $33,000 bonds offered 2258—were on sewer Dec. 2—v. 166, p. purchased by Geo. B. Co., Inc., of New York, Gibbons & 1.90s, at a price of 100.60, a basis of 1.82%. Dated Dec. 1, 1947. as Due serially Dec. 1, from 1948 on to 1963 incl. Interest payable J-D. next" highest bidder was the Marine Trust Co., Buffalo, for 2s, The at price of 100.425. a Danby Fire District (P. Wilseyville), N. Y. O. • Bond Offering—Arthur L. Van DeBogart, District Secretary, will receive sealed bids at his home, in Wilseyville, until noon (EST) on Dec. 10 for the purchase of $35,000 not to exceed 5% interest coupon bearer bonds (registerable to both principal and interest). as The offering consists of: $17,500 building bonds. Due June 1, as follows: $1,000 from 1948 to 1957 incl., and $1,500 from 1958 to 1962 incl. 17,500 fire apparatus bonds. June 1, Due follows: $1,500 from 1948 to 1952 incl., and $2,000 from 1953 to 1957 incl. The as bonds dated are Bidder to Sale—The Bond offered date called. :<?' Kinderhook District School (P. O. Niverville), N. $122,000 bonds 168, p. 2152 Dec. 2—v. on name a quired. Legality to be approved by Reed, Hoyt & Washburn of York City. Orange, N. J. No. 3 Y. Bond Offering—Paul C. Drumm, Chairman, Board of Trustees, will —were receive sealed bids until 3:30 p.m. serially (EST) on Dec. 9 for the purchase $30,000 not to exceed 5% in¬ terest building coupon bonds. Dated Dec. 1, 1947. Denomination $1,000. Due $2,000 on Dec. 1, from 1948 to 1962 incl. Principal and interest (J-D) payable at the of¬ purchased by White, Weld & Co., of New York, as 2.10s, at a price of 100.129, a basis of 2.085%. Dated Dec. 1, 1947. Due 1967 on incl. Dec. 1, from Principal and 1948 to interest the First National Orange. The next payable at Bank West of highest Union 2.20s, bidder was the Fidelity Co., of Newark, for Trust at of fice of the Chairman Union tional Bank, at the Na¬ or Kinderhook. multiples Rate of interest to be in 100.574. of Vd of 1% and must be the same NEW MEXICO for all of the bonds. 100.685. Bond serially Dec. 1, single rate and must be the same for all of of interest, expressed in a multiple the bonds. Principal and interest of V4 or 1/10 of 1%. Principal (J-J) payable at the Salem Na¬ and interest (J-D) payable at the tional Bank & Trust Co., Salem. First National Bank of Ithaca. A The purchaser will be furnished certified check for $700, payable with the 'opinion of Hawkins, to order of the district, is re¬ in incl. 50,000 emergency housing bonds. Due serially on Dec. 15, from 1948 to Due New by Inc., J. S. Rippel & Co., both of Newark, and Minsch, Monell & Co., .of New York, joint¬ Rippel, ceases Nov. office. & Wood, of New York City, approving the validity of the of 1947 bonds. Due bonds. A certified check for $1,100 Dec. 15, from 1948 payable to the City, is required. purchased —were Co., ".Manchester; on 2152—were J. Dated Jan. 1, 2.10s. as from 1949 to 1965 incl. 1947. Nov. 1, from 1948 provement bonds offered chased Treasurer, 1948. Principal and interest (J-J) payable at the County Treasurer's 1/20 of 1%, panied by all Coupons for interest accruing after Jan. 1, 1948. Cou¬ pons for interest due on that date may be attached to the bonds for payment, or, if detached from the bonds by the holders thereof, may be presented for payment in the usual course. Each bond registered as to principal must be accom¬ panied by proper instruments of assignment and transfer.-. Interest Bond Sale—The $70,000 2% im¬ N. 1947. Sale—The $610,000 Bond Lodi School District postponed. was Salem, Sale—The 2257—were purchased by a syndicate composed of M. A. which Bond Offering — W. B. Dunn, Principal and interest (M-N) payable at the City Recorder, announces that the Fair Lawn-Radburn Trust Co., Common Council will receive seal¬ Fair lawn. Due serially on Nov. ed bids until 8 p.m. on Dec. 16 for 1, from 1948 to 1962 incl. The next the purchase of $55,000 not to ex¬ highest bidder was B. J. Van ceed 6% interest water system Ingen & Co., for 3s, at a price of improvement coupon or registered 100.159. bonds. Dated Jan. 1, 1948. De¬ nomination $1,000. Due $5,000 on Hamilton Township (P.O. Jan. 1, from 1949 to 1959 incl. Bid¬ Trenton), N. J. ders to name the rate of interest was — of Nov. Trenton. Bids p. revenue Dated to in 10 years, optional in 5 Principal and interest pay¬ $250,000 hos¬ pital bonds offered on Dec. 1—v. 166, is¬ our 20.41.) p. Denomination $119,000 bonds Dec. 2—y. 166, p. 2152 bonds. price of County (P. O. Albuquerque), N. Mex. Bond Sale—The $1,000,000 gen¬ eral obligation hospital bonds of¬ fered on Dec. 2—v. 166, p. 1937— were purchased by the State im- 3,000 paving assessment bonds. $79,000 water extension bonds. 35,000 garbage disposal bonds. were Miss. Bond noted in Co., of Denver, and the Wachob Bender Corp., of Omaha, jointly, as l%s, at a price of 101.447, a basis of 1.45%, as follows: bonds in order to expand and develop harbor facilities. Maricn as li—v! 166,; Co., Due Consid¬ will seek authority from the 1948 Legislature to issue $5,000,000 rev¬ enue bonds by a (These bonds water $1,000. Due on Nov. 1, as follows: $2,000 from 1948 to 1966, and $3,offered on 000 in 1967. Principal and interest —were purchased by Boland, Saf(M-N) payable at the First Na¬ fin & Co., of New York, as 2.80s, tional Bank of Park Ridge. Each at a price of 100.127, a basis of bidder must specify the rate of 2.726% as follows: interest in a multiple of Vs or 1/20 $26,000 paving bonds. of 1%. The purchaser will be fur¬ 23,000 water of 1947 bonds. nished with the opinion of Haw¬ 20,000 street improvement bonds. kins, Delafield & Wood, of New 16,000 general improvement York City, that the bonds are bonds. valid and legally binding obliga¬ 15,000 improvement bonds. tions of the Borough. A certified 8,000 paving assessment series A check for $820 payable to the Bor¬ bonds. ough, is required. These are the 5,000 improvement second series bonds offered on Oct. 23 the sale of subject to the outcome of Nov. Trust Gulfport, Miss. Revenue the , Chancery voters 25, issuance Scottsbluff, Neb. " Bonds Sold—The $114,000 bonds offered on Nov. 25—v. 166, p/1833 Hatties- the the the count of 406 to 281. of this Superinten¬ Nov. on approved —were County O. of MISSISSIPPI Forrest (P. Schools states that at the election voters were Voted—At the on District Ravenna), Neb. ing bonds. Dated Dec. 1, 1947. Due on School interest Sale—The Bond 3,000 paving series A bonds. incl. Hennepin County School District 4% Dated Nov. 1, 1947. Fair Lawn, N. J. « ap¬ $23,500 bonds. sealed bids until 9 p.m. on Dec. 18 for the purchase of $41,000 not to exceed a Bernalillo Nov. prov't coupon or registered bonds. p. price a $5,000 Borough. A certified check for $980 payable to the Borough, is Forgan & Co., Mil¬ Barret, Fitch & Co., Dahlberg & Co., joint¬ Glore, waukee Co., 2,000 general improvement series (J-D) required. incl. 1960 1, 1948. Interest pay¬ able J-J. The next highest bidder was the First National Bank, Chi¬ 3,000 street assessment bonds. multiples of .%• or 1/20 of 1%, and must be the same for all of the bonds. Principal and in¬ terest were Warren. School District, Bond Pending—It 1949 to Dated Jan. and Henry payable M-N. sues are due serially on Nov. 1, payable at the Na¬ from 1948 to 1957 incl. The next reported that an election will be held in the near future on a pro¬ tional Bank of Bradley Beach. The highest bidder was J. S. Rippel & posal to issue $55,000 reservoir purchaser will be furnished with Co., for 2s, at a price of 100.214. Nov. 1 from 1958 to 1962 incL the approving opinion of Hawkins,. construction, bonds. Park Ridge, N. J. The bonds are dated Dec. 1, 1947. Delafield & Wood, of New York Bond Offering—William D. HalOther bids: H. V. Sattley & Co.,, Glendive, Mont. City, that the bonds are valid and Bond Sale Details—In connec¬ Detroit, bid a 3.387% cost basis, legally binding obligations of the sey, Borough Clerk, will receive Election 1960 incl. 1949 to 30,000 public park improvement bonds. Due serially on Jan. 1, cago, 4,000 street assessment to be in Dillon, Mont. Bond 70,000 street improvement bonds. Due serially on Jan.. 1, from from assessment sewer bonds. Rate of interest 1950 to 1957 incl. Co., of Detroit, at a price of 100.097, a net interest cost of about 3.015%, as follows: $37,000 314s, due on Nov. 1 from 1948 to 1957 incl., and $20,000 3s due on $5,000 from 1949 to 1964 incl. bonds. interest on 1948 MONTANA & on of $48,- 6% exceed to registered or p.m. 16 for the purchase Dec. 000 until 3 sealed bids ceive Due basis of 1.94%, follows: Crosson, Borough Clerk, will re¬ Jefferson 166, p. 2152 purchased by Boland, Safa fire protection bonds. serially on Jan. 1, from 100,000 bonds 1—v. price of 100.237, a Nov. Dec. on fin & Co., of New York, as 2s, at Bradley Beach, N. J. on Metuchen, N. J. $51,000 offered —were $208,000 construction bonds were approved by the voters at an election held Monday, December 8,1947 Sale—The Bond was NEW JERSEY offered were FINANCIAL & the Board of Education states that money available for this purpose on Dec. 15. Offerings should be firm for two MISSOURI Carthage School District (P. O. Carthage), Mo. Bonds Voted—The Secretary of sufficient exhaust the amount to COMMERCIAL Albuquerque, N. Mex. Bond Sale—The $962,000 bonds offered on Dec. 2—v. 166, p. 1937 —were purchased by a syndicate of the Northern Trust Co., of Chicago, Boettcher & Co., of Denver,, Braun, Bosworth & composed Co., Inc„ Paine, Webber, Jackson & Curtis, of Chicago, City Na¬ tional Bank & Trust Co., Stern both of Kansas City, Co., of Wichita, and Detmer & Co., of Chicago, as Bros. & Co., Small-Milburn 2V2S, at price of 101.344,. a net a interest cost of $400,000 Due 1949 1351% as follows: sanitary sewer bonds. serially on Jan. 1, from to 1966 incl. 237,000 storm sewer bonds. Due serially on J an. 1, from: 1949 , to. 1964 incl.' 125.000 sewage* bonds. from j, % accepted for separate maturi¬ ties or at less than par value of the bonds. The purchaser will'be furnished with the : iapproving opinion of Harold V. A. Drumm, of Chatham, as to the validity of bonds. the offered These for sale are on the Dec. bdnds <1,? .arid postponed. A certified;check fotf $600 payable to the i Board of Trustees, is required. npr 1 i\ Lake . Champlain Bridge Com¬ mission (P. O. Port\fienry)y i New Y:ork-:-)jV.*'''*'&.i»if. . Bond Call—It is stated that Wil* liarri Berman, Treasurer ofirthp is calling for pay-t 1, New York-Ver¬ mont Interstate Bridge 2.20% Consolidated Refunding bpnds to , Commission, ment on Jan. the amount pf $130,000, pursuant >plant, to* the Indenture dated as of July on Janpl* 3. 1945, between the Lake Cham-*' 1964 incl. • plain Bridge Commission and the Due.serially 1949 to . disposal- No bids will be ' v'.'. J r;,vV Volume 166 Number 4653 THE COMMERCIAL & FINANCIAL CHRONICLE (236If • .. » i • 1 57 !—■ -Guaranty f City. Trust Co., New V Due Jan. 1, 1969. The bonds will •be redeemed through operation of the sinking fund tor such bonds current redemption price, ■namely, 103% of the principal amount thereof, together with interest accrued on the principal amount to redemption date, upon surrender thereof with the July 1, 1948, and subsequent coupons attached, at the Guaranty Trust Co., New York City. Coupons due at ' the Jan. and 1, 1948, should be detached presented for payment in the usual Interest manner. date ceases on Sale connec¬ tion with the sale of $11,000 sew¬ er bonds to the First National Bank, of Marcellus, ported in 166, 1938—we p. bonds Due from 1948 to next highest bidder tional — v. the Interest Oct. 1, par. serially re¬ that learn 1952 as 10 issue sold at were | A-O. Nov. our Is, as on inclusive. The the Na¬ was Commercial Bank & Trust a price .&!' Co., Albany, for 1.10s, at Minerva, Olmstedville Water Dist. (P. O. Minerva), N. Y. Bond Sale—The $40,000 water system bonds offered on Dec. 4— V. 166, p. 2259—were purchased by the Marine Trust Co., of Buf¬ falo, as 2.40s, at a price of 100.355, a basis of 2.471%. Dated Nov. 1, 1947. Due serially on Nov. 1, from 1948 to incl. 1977 Principal (M-N) payable at the and interest North Creek National Bank, North Creek. The next highest bidder Newburger, Loeb & Co., for 2.60s, at 100.80. was New York City Housing Authority, New York Nctes Offered for Investment— A new issue of $9,039,000 tempo¬ loan notes is being offered by Salomon Bros. & Hutzler, of New York, for general subscription, priced to yield from 0.85% to rary % 0.90%. § These notes mature on June 17, 1948 and on Dec. 17, 1948. The full faith and credit of the Authority are pledged ment the notes and for secured by an agreement the State "funds f;* at of New whereby York prior to or pay¬ further are provides maturity to pay principal and interest. Bond Treasurer, I sealed bids until registered bonds, as (EST) follows: to 1963 incl. 17,000 water system bonds. on Dec. 1, $1,000 from Due 1948 te". all of the bonds and state £. rate of interest. to be a purchaser will be furnished with the i'approving opinion of Vande- \vater, iSykes & Heckler, of New York: City* The bonds will be de¬ about Jan. 2, 1948 City, or at such other place as may be agreed upon with the purchaser. A certified check for $1,140 payable to the Village, is required. • »?• •; ' or at New York Watertown, N. Y. Bond1 S&le—The $190,000 public J improvement Dec. 3 — bonds V.' 166, p. ■ offered 2259 — on were | purchased I, Co., as by Halsey, Stuart & 1.20s, at 100.019, a basis of 1.196%. Dated Dec. 1, 1947. Due serially 1957 on incl. 10, consider school election an 1948, the next Dickson ing to 1, $6,000 $35,000 from Dated at 1950 a.m. (EST) 2153—were purchased by R. S. & Co., of Charlotte, at a price of 100.17, a net interest cost of 2.613%, as follows: Dickson $57,000 road and bridge bonds. $19,000 as 4s, maturing on June 1, 1965, and $38,000 as 2s, maturing $19,000 in 1965 Dec. on series A bonds. coupon to 1963; $12,000 from 1964 to $15,000 from 1967 to and ochool bonds. $3,000 as 4s, maturing on June 1, 1964, and $6,000 as 2s, maturing $3,000 Dec. 1, from 1949 to Principal and interest 1965 Dated and and Dec. 1966. 1, 1947. Principal interest (J-D) payable in City. The next highest the Provident Savings Bank & Trust Co., Cincinnati, and Breed & Harrison, jointly, for $22,000 as 3s, and $44,000 as 23/4S, Farmville, N. C. Bond Sale—The $186,000 elec¬ tric light system bonds offered on Nov. 25—v. 166, p. 21&3—were purchased by the Equitable Se¬ curities Corp., and the First Se¬ curities Corp., of Durham, jointly, at a price of 100.065, a net in¬ cost of 2.46%, as follows: $46,000 a? 2V4S, maturing on June 1, $4,000 from 1950 to 1958; $5,000 in 1959 and 1960, and $140,000 as 2V2s, maturing $5,000 in 1961 and 1962, and $10,000 from 1963 to 1975, all incl. Dated Dec. 1, 1947. Principal and,interest (J-D) pay¬ able in New York highest bidder City. The next Scott, Horner was l%s, at 100.0601. price of par. bonds may be exchanged for registered as to principal and interest. The approving opin¬ ion of the City Solicitor of Cin¬ cinnati will be furnished without bonds Any other secured solvent bank of all bonds bid for, Auditor in payable 1%% 1947 at choice. place a Bidders the name multiple about or of requested to interest in a of y4 30, purchaser's of are rate of for and the name 1%. another than bidder Each $230,000 cofinty bid no four must rates or election bids until noon proved the purchase bonds. building, unlimited tax may rates,' and specify in his bid the amount of bonds for each rate. The purchaser will be fur¬ nished with the approving ion of New York form opin¬ Pershing, of Bids to be on Mitchell & City. furnished by the above Secretary. A certified check for $5,000 payable to the State Treas¬ urer, is required. Moore County (P. O. multiple of V4 of 1%. These are bonds Education, is Offering 12 1, 1947. Interest Offering—W. payable until 11 Burbank the purchase exceed 6% on. Dec. of $30,500 not interest school March 1, as follows: $1,500 in 1950; $2,000 from 1951 to 1954, and $3,000 from 1955 to 1961, all inclusive. Principal and interest (M-N) payable at New York City. Registerable as to principal only. Each bidder may name rate one for part of the bonds and another rate or rates for the balance, but no bid may specify more than three rates of interest and each bidder must specify the amount of bonds for each rate. Rate of in¬ terest to be in multiples of y4 of 1%. No bids for less than par and accrued interest will be accepted. The purchaser will with the be approving furnished opinion of Reed, Hoyt & Washburn, of New York City. A certified check for $610 payable to the State Treas¬ urer, '• Bids ceived for the fice. of — All $84,000 1958 incl. No. 210 1, 1948. bonds. One bond A the certified bonds check for 1% bid for, payable to City Treasurer, is re¬ quired. City will furnish, at its own expense, the printed bonds and approving legal opinion of Squire, Sanders & Dempsey of Ohio general the voters ap¬ issuance of $92,000 the to series order of the 4 Cleveland. Findlay City School District, Ohio Campbell, Ohio Bonds election Voted proved rects the 166, v. bonds issuance bonds. the At This notice in not general voters of of the ap¬ Nov. be until noon on on proved Dec. the bids re¬ sewer improvement bonds. Due $20,000 from Sept. the refunding 1 bonds were Nov. the general 4 the voters issuance of ap¬ $94,000 building bonds. 1971. and on proved improvement bonds. Due Sept. 1, as follows: $80,000 1970, Voted—At election , New ap¬ $10,900 Greensburg), Ohio Bonds nati in general of Green Local School District (P. O- 1, 1949 to 1973, inclusive. 1,839,000 University of Cincin¬ pany issuance , inclusive. to the Nov., 4 the voters did, not approve the. issuance of $115,000 auditorium- gymnasium bonds! 500,0000; 1949 1 been Bonds Not Voted—At the gen¬ eral election on Nov. 4 the voters $2,500,000 general street improve¬ ment bonds. Due $125,000 frorft Sept. 1, 1949 to 1968, in 2259—has Goshen Rural School District, Ohio aggregating $4,839,- 000: in Dec. municipal water system bonds. 22, by Henry Urner, City Auditor, (purchase of the following on of notice our Voted—At election tor the coupon bonds 15, in Glenmont, Ohio Bonds Offering—Sealed bids will received sals postponed. the approved. Cincinnati, Ohio Bond Dec. appeared issue—v. 166, p. 17— that for which cor¬ our Sale Postponed—The $400,000 construction bonds scheduled $245,000 report 2042—stating p. were Bond the Nov. 4 the on various — $79,000 Greene $1,000. Dated Feb. 1, 1948. Principal and interest (M-S) payable at the Irving Trust Com¬ Weaverville, N. C. Rejected the 1949 $840.68, others $1,000 each. serially on Oct. 1 from County (P. O. Xenia), Ohio Denom. is required. : At 1 Principal and interest (A-O) payable at the City Treasurer's of¬ next District, — Nov. on Oct. 1949 to 1953 incl. Easter- building coupon bonds. Dated Sept. 1, 1947. Denom. $1,000 .Due on School Bonds Voted on incl. 209 construction bonds. E. (EST) a.m. The 1958 No. Due incl. A-O. bonds. $1,097.76, others $1,000 Due serially on Oct. I Dated Jan. for on 1968 serially to series from serially to Due 1949 13,840.68 Nov. highest bidder was Otis & Co., for 2V4s, at a price of 101.051. hng, Secretary Local Government Commission, will receive sealed bids 1949 207 bonds. Dated Dec. 16, 1947. One bond re¬ $100,000 sani¬ Due from No. 1, 1947. One bond! $1,468.69, others $1,000 21,097.76 166, p. 2042—were pur¬ chased by Braun, Bosworth & Co., Inc., as 214s, at a price of 101.186, a basis of 2.126%. Dated 1, series each. 28—v. Oct. receive Dated Dec. each. on Brown will 2% $22,468.69 Barnesville, Ohio bonds offered Agnes noon for the for Sale—The — Clerk, lows: quired. sewer construction (EST) on purchase of $57,special assessment street improvement bonds, as fol¬ Dec. ders & certified check for $3,000 payable to the Board of general Columbus, Ohio Bond pur¬ Dec. each the voters ap¬ of $335,000 and 407.13 Bidders may bid different rate of interest in Carthage), proved North Carolina Bond 4 1968, both incl. Bond of Cin¬ issuance site on $215,- At the — Nov. on bids until tary of Columbiana Exempted Village School District, Ohio Dated bid order jail construction sealed part of the rate balance, but more each Dec. the City — from on of 1% County (P. O. Lisbon), Ohio City a one $100,000 accompany Cain, the of to the must A some the l'or^ and excess of on than the first $100,- bonds bid approving opinion of Squire, San¬ Dempsey, of Cleveland. A delivered other must cost. drawn Oct. 1, 1948. De¬ $1,000. Interest A-O. Due $5,000 April and $6,000 Oct. 1, from 1949 to 1963, and $5,000 April and Oct. 1, from 1964 to a opinion bidder's bidding for 3% of 000 for Principal and at check chaser will be furnished with the inclusive. (M-N) payable at New City. Registerable as to principal only. The bonds will be to price of 100.05. different interest rates may be bid for different issues. Coupon interest all 9 for a issue, but York bidder at three issues or for "All o»* None." Split rate bids will not bs considered on any single authorized at the gen¬ eral election on Nov. 4. The 1973, New York was on application. Bids be made separately for each Bonds Voted 22 for the purchase of election 9,000 bidding blank may nomination for mul¬ a Bonds Not Voted At the gen¬ eral election on Nov. 4 the voters did not approve the issuance of Offering—H. H. Warner, Board of Education, will bonds. different a of of the Ohio Dec. specify V4 at but 1%. The City Auditor will furnish the required OHIO Clerk, issued interest bonds. 000 11 may name one rate for p. Easter- 2% Columbiana required. 2s, and price of E. unlimited be bid. will be accepted. A certified check for 2% of the bid, payable to Mrs. D. P. Moga, Treasurer, is Bond to interest, stated in of cinnati, Due Jan. 1, as follows: $2,000 from 1949 to 1959, and $1,000 from 196C to 1967 inclusive. No bids foi less than par and accrued inter¬ on as a Offering—W. until 1966, Duplin County (P.O. Kenansville), N. C. Bond Sale—The $66,000 bonds in $30,000 not to exceed 3% in¬ terest school bonds. Dated Nov. 1 1947. Denomination $1000. than the of receive sealed 1959 100.24. 166, The Breed Dated Nov. 1, 1947. Denom. $1,000. Due on May 1, as follows: $6,000 from 1950 to 1958; $11,000 from 2s, 25—v. School Clerk, will receive or oral bids at the County Auditor's office, in Grafton, until 2 p.m. on Dec. 12 for the purchase County (P. O. Lincolnton), building, 1, 1947. Principal and (J-D) payable in New York City. The next highest bid¬ der was the First Securities Corp., Durham, and Campbell, Phelps & Co., jointly, for $225,000 as 2%s, and $90,000 as 3s, at a price Nov. V. Cof¬ from are may of tiple be sealed bids Dec. on City. was 9 for the purchase of $250,000 not to exceed 6% interest school interest offered (J-D) bidders certified Offering—George ling, Secretary Local Government Commission, will receive sealed maturing $7,000 from 1955 to 1959; $85,000 as 2V2S, maturing $10,000 in 1960; $12,000 from 1961 to 1965; $15,000 in 1966, and $165,000 as 3s, matur¬ ing $15,000 from 1967 to 1977 incl. as York bidder 2V4S, as Bond interest cost of 2.793%, June on 1954; 20, fey, North Carolina follows: $30,000 as IV2S, matur¬ as 1959, all interest Harrison, for $70,000 Lincoln & net to not-more rate Nov., 1944, election payable Bonds charge. No. Dak. the are taxes. Arlington Local School District, Co., of Charlotte, Banking & Trust Co., of Wilson, Vance Securities Corp., of Greensboro, and J. Lee Peeler & Co., of Durham, at a price of 100.a Bond voters at and 100.03. Branch 01, highest $48,000 p. 2259—were purchased syndicate composed of R. 3. a 1952 District N. 2 (J-J) payable at the .Watertown & Mason, and Peoples National National Bank, Watertown. The Bank, Charlottesville, jointly, for next highest bidder! Was the":Na* $20,000 as 6s; $21,000 as 2s; $25,tional Commercial Bank, Albany, 000 2V4s,: and $120,000 2V2s,-at a for & 166, —v. by Dec. from Principal and payable in New County (P. O. Whiteville), N. C. Sale—The $315,000 school on 13/4s, maturing $2,1949 to 1951, and as School est issuance Columbus Bond to inclusive. the improvement building bonds offered 1949 $1,000 from bonds. terest .u»Vl will $400,000 single bid for. less than par and accrued interest will 6e considered. The on $14,000 000 Jan. on from 1953, and $1,000 from 1954 to 1959, incl. 16,000 sewer bonds. $2,000 as 6s, maturing on Dec. 1, 1948, and County (P. O. Edenton), held voters of Rates of interest multiples of V4 or 1/10 of 1%. Principal and interest pay¬ able at the Saugerties National Bank & Trust Co., Saugerties. No livered 000 N. C. to be in ■>. ~ and 1S68. 1, 1947. Denomina¬ Each bid must be for tion $1,000. 18,000 water bonds. $2,000 as 6s, maturing on Dec. 1, 1948, and $16,000 as 13/4s, maturing $2,- price of par. Election—At NORTH DAKOTA Minto inclusive. bidder was the Wilmington Savings & Trust Co., for 4s, at a Bond called. $1,000 from 1956 to 1959, both est to 1964 incl. Dec. Nov. 25 on < $2,000 as 6s, maturing on Dec. 1, 1948, and $18,000 as 13/4S, maturing $2,000 from 1949 to 1955, and (J-jj) payaoie in New City. Approved as to legal¬ ity by Reed, Hoyt & Washburn, of New York City. The next high¬ on $40,000 sewer bonds. Due on Dec. 1, as follows: $2,000 from 1948 to 1955 and $3,000 "from 1956 Dated Nov. interest receive Dec. 16 for the purchase of $57,000 not to exceed 5% interest coupon or on bonds will 2 p.m. bonds offered sewer York Offering—William Doyle, Village bonds offered for sale Tne — $5,000 in 1959. 20,000 school bonds. 166, p. 2153 —were pur¬ chased by Alien C. Ewing & Co., of Wilmington, as 3%s at a price of 100.025%, a basis of 3.747%. Dated Dec. 1, 1947. Principal and of Saugerties, N. Y. ' Saie p —v. Chowan f . of 100.001. Bond $118,000 re¬ were rejected. The offering con-! funding bonds offered on Nov. 25 sisted of: —v. 166, p. 2153—were purchased $49,000 water and sewer bonds. by Scott, Horner & Mason, of 35,000 street improvement bonds. Co.,, of Rockvilie Centre, as 1.3os, Lynchburg, and the Peoples Na-1 Bond Call—W. C. at /a price of 100.025, a basis of, tional Bank, of Charloitesville,1 Woods, Town 1.291%. Dated Dec. 1, 1947. Prin¬ jointly, at a price of par, a net Clerk, announces that the follow¬ cipal and interest (J-D) payable interest cost of 1.806%, as fol¬ ing $84,000 refunding bonds are called for payment on Jan. at the Nassau County Trust Co., lows: 1: $49,000 water and sewer bonds. Mineola. Due serially on Dec. 1, $64,1)00 street improvement bonds. «5u,uuo street improvement oonds. from 1948 to 1952 incl. The next $4,000 as 6s, maturing on Dec. Dated July 1, 1937. Due highest bidder was Tilney & Co., July 1, 1, 1948, and $60,000 as l3/4s, 1964. Holders shall for 1.40s, at 100.076. present their maturing $4,000 from 1949 to bonds with July 1, 1948 and sub¬ 1951; $5,000 in 1952 and 1953; NORTH CAROLINA sequent interest coupons attached, $6,000 in 1954 and 1965; $7,- at the Irving Trust Carolina Beach, N. C. Co., New York 000 from 1956 to 1958, and City. Interest Bond ceases Sale—The $44,000 water on date 25 Details—-In High Point, N, C, Bond Sale—The ; $14,000 land acquisition, 1947 bonds offered on Dec. 3—v. 166, p. 2259—were pur¬ chased by the South Shore Trust and Marcellus, N. Y. ■ Bond 1 ,;*,. ■ called. * . Williston Park, N. Y.'-Vt York York City. These by the approved Bonds ' election proved Voted—At on the Nov. the 4 the issuance county hospital bonds. general voters ap¬ of $950,000 58 (2362) THE Hamilton Local School District Piqua City School District, Ohio Bond (P. O. Columbus), Ohio Bonds Voted election At the — on Nov. 4 the the proved issuance voters ap¬ the apparatus Bonds Local Sch. the proved issuance of No. 2 the proved Jefferson Bond tion School District of Sale the sale of apparatus bonds 10,000 the to issue—v. sold at were election 10 a.m. R. Dec. on for 17 improvement sewer notes. Dated Nov. as • the Due Nov. on 1, 1949. Bidders may name the rate of interest in tiple of J/4 of 1%. mul¬ a bids No for less than par and accrued interest will be accepted. The approving opinion of Dempsey, Squire, of Sanders Cleveland, furnished the be purchaser. A certi¬ fied check for $750 payable to the Offering Board receive on for 10 Zepp, will Education, bids sealed Dec. E. H. — of until noon the purchase of exceed 3% build¬ $40,000 not to ing bonds. Dated Denomination Dec. $1,000. 1947. 1, $2,000 Due April and Oct. 1, from 1949 to 1958, incl. Bidders may bid for on different rates of interest in mul¬ tiples of y4 of 1%. No bid for less than par and accrued interest to date of delivery will be con¬ sidered. Principal and interest (A-O) payable at the office of the xgClerk Board of Education. A cer¬ (P. 166, cinnati. Dated cipal and the at to the Board of Education, is required. New Bonds Madison, Ohio general Voted—At election on proved the the Nov. 4 the voters serially 1958 North Canton, Ohio general street improvement bonds offered 1, by Interest 1947. payable M-S. Due serially on Sept. 1, from 1949 to 1953 incl. The next highf est bidder I as J. A. White & Co., was 2s, at 100.59. the election Voted—At proved the building issuance and Old Fort the of Local School ap¬ $17,000 construction bonds. District, Ohio , Bonds election proved Voted—At on the construction the Nov. 4 the issuance general voters ap¬ of $48,000 bonds. (P. O. Lima), Ohio Bonds Yoted-^-At the general election on Nov. 4 the voters ap¬ — the issuance of $160,000 building bonds. 1947. Prin¬ (J-D) 1, Nov. 4 Clerk payable Co. from Due 1949 to the general the voters ap¬ Board sioners, until $1,000. Due $1,000 Dec. 1, from on for different a multiple of a for less than of y4 1%. and accrued in¬ par opinion of Peck, Williams, of Cincin¬ approving Shaffer & certified check for A Spencer, Ohio Warrensville election Nov. on 4 the general voters Bond Sale Details—In works R. connec¬ Nov. at 24 issue—v. price a 166, $28,000 sold works extension bonds offered These Dec. 1 of terest 1939. together with unmatured shall coupons, the are be ap¬ 1947, after shall through Dec. 31, cease. which date 166, cost eral interest 2260 These Broken Sch. Arrow on at election at Nov. on the tion, will receive sealed bids until will consider the issuance of (EST) purchase of 000 noon struction as to 1966, 1971 incl. iy2% Dated $10,000 Perkins, Bonds Not tion held from tiple of rate bids These Va of specify may 1%. will not the are at the general Split be 1949 1967 to different rate of interest in a a mul¬ interest considered. bonds authorized election Nov. 4. on No bids for less than be be made upon requested to Clerk-Treasurer. Principal and interest (J-D) payable at the office of the agency of the Board Chickasha, Okla. Offering—Eugene Clerk, will receive the purchase of $125,000 riot to exceed 4% interest site purchase and park bonds. Dated Dec. 15, 1947. Due 1964, and the are $8,000 $5,000 bonds election held 1950 from in authorized on to These 1965. at the Nov. 25. Okla. Nov. 19 voters interest (J-D) payable County Treasurer's office or bids the until 11 A certified check a.m. purchase certified check payable for to 1% the of 18 the voters approved on by a wide margin the issuance of 000 electric power $175,plant bpnds. City Exempted Village the School District, Ohio Bond Clerk Offering—D. Board receive of sealed E. Kessler, until and ferent rate of interest in y4 of 1%. The sold at not less than crued bonds interest. authorized election check on for Board of Nov. $3,000 multiples bonds at 4. will and par These are the A of be Clerk from 15,000 general at The bidder 9 for as and 1951 as 2s, at par, by City Bank. Dated Jan. Treasurer's Jan. 1, from on office. the serves cancel, right in portion The to numerical of said 1948, at City take re¬ and up order, bonds mature after 2 years such shall as from Jan. 1, interest and accrued par interest payment date on from the any after the second year or bonds on for 2% Bond | Due to $500 Sale Bank, of Portland, our Nov. 17 were sold 100.259, and Bond be be sold to the interest. voted These the at are election Sept. 23. A certified check of the amount bid, is at p. the of part ing date 1, M-N. Due 1947. Interest serially from of Dated payable 1948 to Bond Offering — on on City Recorder, will receive sealed bids until 7.30 p.m. on Dec. 10 for the purchase of $5,000 4% build¬ ing bonds. Dated Nov. 1, 1947. Due $500 on Nov. 1, from 1948 to 1957 inclusive. No bid for less than par accrued interest will be ac¬ and cepted. Principal and interest (MN) payable at the City Treasur¬ Election—At on Nov. 000 water works 10,system bonds. • received p.m. purchase of by on Bond Central Lincoln the City Clerk, Dec. 15 for the $178,000 " bonds: - •. as ' 'J7X Sale pay¬ and after Jan. 15, 1953. will not be and sold accrued be fied value for than The at for 2% bonds City the near A certi¬ as the par bonds the office, as posisble. sale of less interest. delivered check of the face bid for, pay¬ able to the City, is required. Washington County Sch. Dist. No. 57 (P. O. Beavertcn), Oregon Sale—An issue of $20,000 school bonds was purchased re¬ cently by the First National Bank, Bond of Portland, at net interest a price of 100.203, cost $12,000 as of 2.645%, as 2M>s. maturing $2,000 from 1950 to 1955, and $8,000 maturing on Jan. 1 from 1956 to 1959 inclusive. These are the bonds originally offered for sale on Oct. 31 and postponed'. The next highest bidder was1 the United States National Bank, Portland, and First Security Bank, jointly, for 2%s, at a price of 100.335. • , connec¬ tion with the sale of the $175,000 revenue bonds to John Nuveen & Co., of Chicago, at a net interest cost of 3.069%, as re¬ —v. in 166, our p. Nov. 1939—we the bonds were 98.617, $58,000 10 learn issue that follows: K 1 as sold at a price of 2.%s, maturing on Jan, 1, $8,000 from 1950 to 1954; $9,as Conyngham School District, Pa. Bonds Voted At the general — election Details—In electric ported Lindsay, Okla. Bond Offering—Sealed bids will bonds interest PENNSYLVANIA Lincoln County, election the voters any or any the er's office. Newport), Ore. an 25 of be sold subject to prior approving opinion of Winfree, McCulloch, Shuler & Say re, of Portland. The bonds follows: B. B. Barner, to pay all the 1957 incl. Gervais, Ore. less The bonds will 2043 price a the as not Principal and remainder outstanding bonds Peoples Utility District (P. O. held 8 3s, as Nov. re¬ consider the issuance of until that * preferably $1,000. Jan. 15, from 1949 on inclusive. have the option reported in 168, basis of 2.947%. a Hydro, Okla. will as issue—v. learn now quired. to connec¬ desire. interest (J-J) payable at the City Treasurer's office. The City shall date of Details—In for 18 assess¬ bonds. Dated Jan. may $70,000 1958 will tion with the sale of the $5,000 fire hall bonds to the First National Jan. 1, 1955 incl. to will accrued the follows: on pur¬ 1958 incl. Principal and (J-J) payable at the City to interest power offering the lowest rate of and agreeing to pay par 1, Due and interest be $1,000. light Due $10,000 on bonds deceive sealed bids until noon on Dec. 12 fcr the purchase of $257,000 4% building bonds. Dated Jan. Denom. sealed Dec. department equip¬ ment bonds. Due $3,000 or Jan. 1, from 1951 to 1955 incl. the Education, is required. Columbus 9), Ohio Offering — Walter Olpp, Board of Education, will 1948. on fire ac¬ Truro Local School District (P. O. Bond bonds. held the $20,000 was Dec. on $700,000 Denominations purchaser than a certified payable receive p.m. electric $50,000 noon Jan. 1, 1948. Due on Oct. 1, as follows: $13,000 from 1949 to 1971; 1972, will 8 purchase of $65,000 bonds will (award to be made at 8:00 p.m.) on Dec. 29 for the purchase of $328,000 3% building bonds. Dated in until Cannon, follows: Education, bids Offering—Alma Clerk, bids Tipp City bonds recently —we Hominy, Okla. Bond of Education, is required. chased Clerk states that at the election held the Board Sale—An issue of improvement on i 1948. Treasurer's Nov. Dated and of Portland. 15, Gervais, Ore. Voted—The bonds. Portland, Ore. Bond Offering — Will Gibson, City Auditor, will receive sealed elec¬ the the date of issue. Cushing, Okla. City Bonds the ap¬ er, Dallas, Ore. Bond 1949 Smith, sealed for proving opinion of John W. Shul- gen¬ not approve the issuance of $35,000 water works system bonds. the Dallas Education, in New York City. bonds, of $12,- bonds. bids until 7:30 p.m. on Dec. 11. for blanks to on voters Bond City par and ac¬ interest will be considered. furnished the construction the 15 the fiscal agency of the State New York City. The purchaser will be furnished with the did election an 9 Dec. on Dec. on in 4. Voted—At on 1, 1948. Due $2,000 1, Dec. Election—At held be con¬ on $9,000 from Bidders the Dec. $1,000. Due follows: and for 12 $225,000 bonds. 1947. Denom. 1, Dec. on Bond on for $200 is required. Dist., Okla. to re¬ bonds sale at Due serial!y 1965 incl. These are authorized p.m. interest school cipal in¬ net a 7 at the Honnold, OREGON Bond Offering—Alvie R. Smith, Clerk-Treasurer Board of Educa-^ the for Jan. 1, 1948. Due on Jan. 1, as fol¬ lows: $1,000 in 1949, and $2,000 from 1950 to 1956 inclusive. Prin¬ District, Ohio $1 500 is are scheduled Clerk, were — Edgar City, to OKLAHOMA School and purchase of $15 000 not to exceed bonds. Springfield Local Oct. County School District No. 19 (P. O. Dallas), Ore. until heid of 2.18%. 1950 inclu¬ on Bond Offering—Sealed bids will be received by the District bonds election p. by C. bonds held Polk pre¬ Village Treasurer's redemption at par and interest the Oklahoma from all 1968, the bonds author¬ election 1. 6% purchased the fol¬ as to Dec. Cordell, v. the at for accrued Denomina¬ 1, 1969. Said to are the at originally 28. — 15, 1949 A .certified check for Okla. Bond Sale—The $165,000 water $31,000. 1, at New 1939-4, Nos. 169, 170, 172, 175, 176, 177, and 178; to the amount of 1962 These to inclusive. Oct. from quired. 1960, and $33,000 as 23/4s, maturing $7,000 from 1961 to 1963, and $12,000 in 1964, all on from , maturing $7,000 from 1954 to 1957; $21,000 as 2 Vas maturing $7,000 1958 Denomina¬ accepted. Principal and interest (J-J) pay¬ able at the City Treasurer's office. from 1950 to 1953; $28,000 as 2V4s. from 1948. No bids for less than par accrued interest will be 100.043, as follows: 2s, maturing $7,000 as Rvan. 21. 2154— p. were 15, $1,000 ized of 33, 34, 35, 39, 69, 75, 77, 78, 79, 80, 82, 84, 91, 92, 94, 106, 109, 110, 111, 112, 113, 118, and 25; and Series July 000 J. learn that the bonds we Jan. sive. bonds Edwards, Inc., of City, at a net interest 2.508%, as reported in our cost of pur¬ 1952; $4,0C0 from 1953 to 1961, and $5,- the $110,000 improvement P. tion $1,000. Due on Jan. lows: authorized Dated Dated 18. View, Okla. tion with the sale of the Nov. on the bids until 7.30 p.m. on Dec. 22 for the purchase of $75,000 not to ex¬ ceed 4% interest water bonds. inclusive. bonds authorized — proved the issuance of $15,000 fire station house and Heights (P. O. Cleveland 22), Ohio Bond Call Lena Gollwitzer, Village Clerk, calls for payment on Jan. 1, the 1V2% to 5% refund¬ ing bonds, Series 1939-3, Nos. 32, office the of the bonds bid for, payable to the County, is required. sented Voted—At 1% the are 1954 furnished Ontario, Ore. Offering — F. Bond Oklahoma No bids chaser will be furnished with the to Mountain to in terest will be considered. The pur¬ These 1950 at the election held water bid rate of interest improvement be City Recorder, will receive sealed equipment bonds. Due $1,000 the 1949 to 1954 incl. Bidders may interest Bonds for 20 Dec. mon, will chaser. inclusive. park 1967. payable J-J. The ap¬ proving opinion of Gus J. Salo¬ lighting system $1,000 from 1950 Due 1955 from County Commis¬ receive sealed bids on bonds, $8,000 bonds. street 5,000 of will noon to Interest 1963. inclusive. Smith R. purchase of $6,000 3% interest county home, unlimited tax bonds. Dated Dec. 1, 1947. Denomination issuance of $16,000 improvement bonds fire engine purchase Offering—Carl and and system $3,000 from 1950 1965, and $2,000 in 6,000 Ohio Bond in 1955 and 1956; and $117,000 as 3s, maturing on 1, $9,000 in 1957 and 1958; $10,000 from 1959 to 1961; $11,000 from 1962 to 1964. and $12,000 from 1965 15,000 water works system bonds. Due $1,000 from 1950 to 1964, gen¬ certi¬ (P. O. McArthur), County and Perry Local School District proved of Cin¬ $15,800 in 1973. Bidders may bid for a dif¬ general Nov. 4 the voters on Vinton 000 Jan. distribution Due bonds. tion $1,000. Due July $14,000 North Kingsville, Ohio Bonds 1, Voted—At proved 2154—were Ryan, Sutherland & Co., of Toledo, as 2s, at a price of 100.59, a basis of 1.901%. Dated Sept. to $3,000 payable to Education, is re¬ water works Bond Sale—The $10,000 purchased Dec. on Trust Dec. on on A p. im¬ inclusive. Bonds issuance of $15,000 water works improvement bonds. 166, $60,800 Dec. interest election of Nov. 28—v. Cleveland 9), Shawnee, Ohio ap¬ On $150,000 Kraus, Cleveland of payable of 2154—were purchased p. Bids must for, A 4. bonds. to nati. O. by Ball, Burge & crued bid be the voters ap¬ Sold—The tified check for 1% of the amount bonds Nov. on electrical are * at the and Due ment collection Massillon City School District, Ohio Bond 4 issuance County Treasurer, is required. Clerk will Ohio & will be the Nov. Hills 104 request. may than will purchaser with the Seven 1, 1947. Denom. purchaser less construction bonds. the No. for interest provement bonds offered purchase of $71,000 water supply improvement No. 103, and sani¬ tary The on proved 2—v. Comings, Clerk Board of County Commis¬ sioners, will receive sealed bids until bids price (P. O. Elyria), authorized election the par to These interest. accrued bonds of 1%. quired. Citizens Saybrook Township Sch. Dist. (P. O. Ashtabula), Ohio Voted—At the general Ohio Offering—H. No accrued Bonds Note the Bonds of par. Lorain County at payable to the Board of Education, is required. Mil- a bonds check for 1 % of the bonds bid for, 166, p. 2259—we learn that the bonds the are approving opinion of Peek, Shaffer & Wil¬ liams, of Cincinnati. A certified connec¬ the Co. and furnished $10,000 Details—In a a Thbfee payable accepted. voters ap¬ issuance interest! in 1%. Trust $235,000 ledgeville Bank, of Jeffersonville, as DAs, as reported in our Dec. 1 of Township (P. O. Jeffersonville), Ohio with fire for Board name National Bank & Trust Co., Piqua, the Piqua National Bank & construction bonds. . check the of of par Nov. 4 the on fied Bidders to or ap¬ O. Minster), Ohio Voted—At the general Bonds multiple of and the (J-D) (P. election eral Dec. sanitary sewer disposal bonds. $5,000 from 1950 to 1969, $2,000 in 1970. 50,000 electric light plant sewerage of rate Monday, December 8, 1947 $178,000 on construction bonds. Jackson-Milton different a different Dated authorized at the general election Nov. 4. Principal and interest Dist. Nov. 4 the voters on for CHRONICLE $10,000 from $11,000 from incl. Bidders and both highest bidder at not less than bonds. 15, 1947. $1,000. Due $20,000 June Dec. 15, from 1949 to 1963 V4 Ohio the general Voted—At election the rate purchase (P. O. Jackson), ■ bid on incl. bonds, Jackson-Milton may for 17 1955, 1972, interest in multiples of V\ The bonds will be sold noon and general proved the issuance of $7,500 fire fighting to to Denom. Nov* 4 The voters ap¬ on as' follows: 1, 1956 Dec. FINANCIAL purchase of $800,000 3% construc¬ Voted—Ac election Dec. 1949 -r- & tion Hebron, Ohio Bonds Richard G. until $230,000 construction bonds. "# Offering Strohmeyer, Clerk Board of Edu¬ cation, will receive sealed bids general of COMMERCIAL proved school Nov. 4 the voters ap¬ the issuance of $20,000 on improvement bonds. Dormont Bond School District, Pa. Sale— The. $375,000 im¬ provement bonds offered on Dec. 1 were purchased, by Halsey, Stuart & Co., and Glover & Mac-r Gregor, of Pittsburgh, jointly, as 2s. at a price of 100.367, a basis of 1.973%'. Dated Dec 1, 1947. Due Volume $15,000 1973 166 Number 4653 Dec. on 1, from 1949 THE to inclusive. Principal and in¬ (J-D) payable at the Peo¬ ples First National Banfc & Trust Co., of Pittsburgh. The purchaser terest will be furnished with the opinion of Burgwin, Churchill & Ruff in, of Pittsburgh, as to the validity ot the bonds. The next highest bid¬ der was Blair & Co., Inc., Moore Lynch, Arthurs, Lestrange & Klima, and S. K. Cun¬ ningham & Co., jointly, for 2s, at a price of 103.324. Leonard & of the following loans totaling $3,4()O,0C0: $3,000,000 street and bridge improvement; $50,000 li¬ brary improvement and equip¬ ment; $200,000 museum, exhibi¬ tion and convention $100,000 reception Interest rate not a said on Tcwnship (P. O. Pittsburgh, Bond Sale—An of $11,000 issue funding and equipment bonds was purchased recently by the Hamlin Bank & Trust Co., of Smethport. Mar pie Township (P. O. Broomall), Pa. ■ Bonds Voted election sewer Nov. on proved the Bonds Not not general the voters of ap¬ $250,000 bonds. School eral election did 4 issuance system Milton At tbe — District, Pa. the gen¬ Nov. 4 the voters the approve — issuance of $75,000 athletic field construction bonds. Bonds Voted on proved the water At — Nov. 4 166, p. 2155 —were purchased by the Union Securities Corp., and Kean, Taylor & Co., both of New York, jointly, as l%s, at a price of 100.143, a basis of 1.736%, Dated Dec. 1, 1947. Due serially on Dec., 1, from 1948 to 1967 inclusive. The next highest bidder was Leh¬ man Bros., and Hemphill, Noyes & Co., jointly, for l%s, at a price Ross general voters of filtration ap¬ $70,000 construction bonds. Neshannock Township Sch. Dist. (P. O. R. F. D. No. 3, New Castle), Pa. Voted At an election held recently the voters approved the issuance of $100,000 school — bonds. Sale—The eral obligation Dec. 2 a Tax Law — The preme Court opinion on handed down of Pittsburgh, Dec. Dec. 1, on levied 6 1, 1947. Due of and a certain the State new Scranton, Bonds Pa. sioner Legal of Banks announced on Nov. 25 that short-term and serial added by the to ment of school already The ruling State. election tax of five cents a ton on the pro¬ of a local mining opera¬ Allen 7 M. Charles and Nov. 4 of on the J. Fleck, sealed ing $64,000: $50,000 ladder 1947 truck bonds. Due series of Dec. 15, on follows: $1 0C0 from 1949 to 1954; $3 000 from 1955 to 1962. $4,000 from 1963 to 1967 and inclusive. A certified $1,000 payable to the City is required. 15,000 motor sweeper and truck the plaintiff's contention that the discriminatory, the court taxing statute is gen¬ was held that the eral throughout the State, except¬ ing in cities of the first class. Philadelphia, Bond of at Council, par and W. calls Due from check on be paid at the the bonds pre¬ must payment Accrued interest have the bonds will on rate adjustment Town provided effected with its by the by bondholders, whereby effective with the inter¬ est which became due Jan. 1, 1936, the same reduced was to 4%. 1949 to Dated Dec. voters at be an to the election to be held on Dec. 2: $28,000 well and water ex¬ tension; $8,000 sewer extension, and $8,000 park improvement on a Nov. the voters and $9,000 fire fighting equipment bonds. interest re¬ multiples of Vs 1%, and must be the same for wil be bonds. The furnished with purchaser the legal opinion of Burgwin, Churchill & Ruffin, of Pittsburgh, as to the validity of the bonds. Newport, R. I. Note Offering George Michael, City Treasurer, will sealed bids — until W. re¬ noon on Dec. 9 for the purchase at discount ending March 31, 1948. Dated Dec. 9, 1947. Denominations $50,000 and $25,000. Due June 9, 1948. Notes tached unmatured Said bonds coupons at¬ must be presented for re¬ demption and payment to the Philadelphia National Bank, fiscal agent,.for the City, at its office. Bonds registered as to principal plone or as to both principal and interest must ceases $300,000 notes issued in antici¬ pation of revenue for the year on date called, i • Sept. 1, 1947. Due on De¬ March $1,000 from 1950 to 1952; $3,000 from 1953 to 1956, and $4,000 from 1957 to 1963, all inclu¬ sive. Rates of interest to be terest rate. No bid for less than will be considered. Principal and interest (M-S) payable at the Chase National Bank, New York fied check for $2,000 payable to the City Treasurer, is required. Madison County (P. Jackson), Tenn. Bond Sale—The O. School District Limestone No. 19 (P. O. Gaffney), S. C. Bond Sale—The Merchants and Planters National $266,000 bonds offered on Nov. 26—v. 166, p. 1835 purchased at public auc¬ by the Harris Trust & Sav¬ ings Bank, of Chicago, and J. C. Bradford & jointly, Co., of Nashville, (less $1,200 for ex¬ penses) at par, as follows: $250,000 highway bonds. Due on Nov. 1, 1962 and 1963. 16,000 school bonds. Due on Nov. 1953. Nov. 1, 1947. Principal and interest (M-N) payable at the Chemical Bank & Trust Co., N. Y. The next First highest bidder Philadelphia, Pa. Ordinance ordinance -y Approved Nov. 21; passed: — an authorizing the creation Bond be received ham, for until the Louis B. was the bonds 7:30 p.m. Dec. on of $70,000 to bear the same Bank, of Gaff¬ rate of interest. Interest payable purchased recently an issue J-J. The purchaser will be fur¬ of $28,000 2% building bonds. nished with the approving opinion Dated May 1, 1946. Due on May of Chapman & Cutler, of Chicago. 1, as follows: $2,000 in 1947 and A certified check for $3,000 pay¬ 1948*-and $3,000 from 1949 to 1956 able to the County, is required. issue of $400,- was jointly. voted These at the the are election on Nov. 15. Henderson County Consolidated Road District No. 1(P; Q. f 21/2% water and water sewer system and sewer system bonds. Dated Jan. 1, 1948. Due on Jan. 1, in each year on the maturity schedule acceptable to the and City by the purchaser. offered as The purchaser requests bidder set up a will not refunding that exceed 20 bonds the years most acceptable to them and that a rate or rates of interest be named in multiples of Vs of $100,000 was pur¬ Webber, Chicago. Approved as legality by McCall, Parkhurst Crowe, of Dallas. Jefferson No. County Drainage Dist. (P. O. Beaumont), 6 Texas Bond bonds. of issue chased recently by Paine, Jackson & Curtis, of 5% Offering W. — W. Pat Kent, County Judge, will receive sealed bids until Jan. 26 purchase of $2,000,000 ceed 4% interest for not the to ex¬ improvement unlimited tax bonds. Dated Dec. 1, 1947. Due on Dec. 1, as follows: $80,000 in 1948; $85,000 from 1949 to 1951; $90,000 in 1952 and 1953; $95,000 from 1954 to 1956; $100,000 from 1957 to 1960 1959; $105,000 in $110,000 in 1962 $115,000 in 1964 and $120,000 in 1966 and and 1961; and 1963; 1965, and 1967. No bid will be considered 1% offering to purchase less than the 1949, entire principal amount of the semi-annually thereafter. The bonds and all bidders are requested place of payment of principal and to submit alternate proposals as interest (J-J) to be named by the follows: (1) with all bonds ma¬ purchaser. These are the bonds turing after Dec. 1, 1957, optional authorized at the election with interest payable Jan. 1, and held on Nov. 21, 1946. A certified check $1,400 payable to the City, is required. for Calhoun Port Bond mentary at the County O. ele¬ bonds authorized held on Nov. 5 — school election have been sold ally in 20 (P. Lavaca), Texas The $80,000 Sale as 3V4S. Due seri¬ years. Canton, Texas Election—At an Bond election to be held on Dec. 9 the voters will consider the issuance of $107000 various bonds. for redemption prior to maturity 1, 1957, and on any in¬ terest payment date thereafter; and (2) with all bonds maturing on Dec. after Dec. 1, 1962, optional for redemption prior to maturity on 1, 1962, and on any interest Dec. payment date thereafter. No bids with more will be than two interest rates considered. Rates terest must be specified in Dickens Indep. School District, Sale—An was purchased recently by R. A. Underwood. Dated Sept. 1, 1947. Approved as to nished with the approving opinio?i Chapman & Cutler, of Chicago. of able to the legality by McCall, These the bonds are were Jim County Road District No. 13A (P. O. Waxahachie), Texas Sale—An issue of $50,000 road series of 1947 bonds was held on road gality by McCall, Parkhurst Crowe, of Dallas. These are at the & the La These the bonds au¬ thorized at the general election on 4. to 1965 are Nov. on proved sewer Feria, election voters of ap¬ $300,000 Texas Voted—At the 4 the the election voters issuance revenue of ap¬ $250,000 bonds. Lubbock, Texas the Voted—At the election Dec. 2 the voters approved issuance of the TQUowing on bonds: $2,313,000 water works pansion system ex¬ bonds, $2,185,000 electric improvement bonds, and $426,000 sanitary serially from 1954 inclusive, optional on May sewers bonds. Lufkin Indep. School District, Texas Bond No. 2 (P. O. Channing), Texas Co., Inc., of Antonio, is offering for public subscription $400,000 2V2%, 2%% 3y2% coupon unlimited, tax at prices to yield from 1.10% to 3.15%,?according to ma¬ turity. Denomination $1,000. Dated Dec. 15, 1947. Due on Dec. 15, as follows: an Due Hartley County Road District bonds At the issuance 15, 1953. and — 1 Bonds Bond Sale—An issue of $50,000 City bonds was purchased recent¬ ly by James & Stayart, Inc., of Nov. held held Granbury, Texas Dallas. Bonds election Aug. 2. on Nov. the pur¬ recently by Rauscher, Co., of Dallas. Dated Aug. 10, 1947. Approved as to le¬ & on improvement bonds. chased authorized re¬ offered Hogg County (P. O. Hebronville), Texas proved Bond bonds pay¬ rejected. Bonds Voieu Pierce $20,000 County Judge, is Dec. 1, for which all bids received Parkhurst & Crowe, of Dallas. Ellis mul¬ quired. issue of $40,000 refunding series 1947 bonds 3V2% in¬ of a tiple of xk of 1%. Principal (J-D) payable at the County Treasurer's office. The purchaser will be fur¬ A certified check for San are Sold—An Co., bonds 15 1949 to 1953, and $35,000 in 1954. son & Bonds Offered for Investment— The Ranson-Davidson bonds Austin. purchased re¬ cently by R. A. Underwood & Co., of Dallas, and the Ranson-David¬ will school coupon bonds. Dated Jan. 1, 1948. Denomination $1,000. Due on Jan. 1, as follows; $50,000 from All Bonds 000 road bonds follows: as $40,000 Nationai Bank, Memphis, R. par. in Dated Sept. 15, 1947. by Mayor Ivy Fulg- purchase S. Dickson & Co., and the Nash¬ ville Securities Co., Nashville, for 3s, (less $1,360 for expenses) at office of Texas. to 3s, as ney, The Council the Brownsboro, Texas Offering—Sealed bids Bond Marion County (P. O. as to genu¬ Jasper), Tenn. validity by the First Bond Offering—Joe H. Barker, National Bank of Boston, under advice of Storey, Thorndike, County Court Clerk, will receive sealed bids until 10 a.m. Palmer & Dodge of Boston. (CST) on Dec. 30 for the purchase of $285,000 not to exceed 3% interest I SOUTH CAROLINA County, to T exas ineness and Cherokee recently $30,000 bonds have been sewer City. The bonds are issued sub¬ ject to the approving opinion of Chapman & Cutler, of Chicago, and a copy of their opinion will be furnished the purchaser. A certi¬ Dec. Legality to be approved by McCall, Parkhurst & Crowe, of Dallas, and the Attorney General Bond Suie—An Bonds Sold—An issue of in par after Athens), Texas multiples of Vn of 1%, and no bid specify more than one in¬ will be authenticated be accompanied by appropriate instruments of as¬ signment executed in blank. In¬ follows: as Dated 700, maturing Jan. 1, 1949. Series "D," aggregating $5,266,200, maturing Jan. 1, 1973. July 1, 1941. 1, 1, of all Dated tion ceive Series "A," aggregating $4,543,- Mayor Rhea Ham¬ mer, until 7:30 p.m. (EST) on Dec. 15 for the purchase of $43,000 not to exceed 4% interest school —were 000, maturing Jan. 1, 1949. Series, "B," aggregating $2,456,- Dated Athens, Tenn. be received by Treasurer's Bogota, Texas that of interest in the held on Nov. 1. A certified check for $2,200 payable to the City, is required. maturity schedule TENNESSEE and on Principal and interest payable at the State election 30,000 lowing bonds totaling $27,000: $18,000 water works improvement, 15, 1947. Denomina¬ $1,000. Bidders to name the of the special elec¬ 18, a multiple of Va of 1% with interest payable Jan. 1, 1949 and semi-annually thereafter. These bonds were authorized at revenue held rate all be named in bonds. Wall, S. Dak. interest 15, 1962. (J-D 15) not to exceed Henry Investments, of Dallas. submitted Bonds Voted—At Jan. 30 years most acceptable to them and that a rate or rates of interest totaling $44,- tion of maturity schedule sold Howard, S. Dak. will Dated Jan. on crued up a Bond Election—The issuance of the following bonds 000, Due water and SOUTH DAKOTA certified payable to the City, is required. pay¬ Jan. 1, 1948, the following funding of 1941 bonds: Loan said 1, 1948, and subsequent cou¬ to maturity thereof attached. pons Felton, on. . for for $300 A RHODE ISLAND for accrued $3,000 inclusive. Pa. Call—William 15, 1953 "It is really not so much a delegation of power to school dis¬ assertion of check for ever: ..... J an. of bonds. revenue 1948. 1, in each year on the maturity schedule ac¬ ceptable to the City and as offered by the purchaser. Interest J-J. The City requests that bidders set shall Dec. direct until following bonds aggregat¬ ing authority was an "improper delegation of the legislative tax¬ ing power." The court held, how¬ State's power to tax, enforced by the State's agents." Regarding Rider, Finance, 1, 1, nomination $1,000. bids series of 1947 bonds. a ap¬ $125,000 Dec. 5 for the purchase who had argued that the local tax¬ as general the voters issuance receive p.m. by Stearne against William E. Eng¬ Benjamin N. McCormick, trading as English and McCormick Co., on At the — Director of Accounts and petitioners, •> sented bonds. written was lish, terest All sys¬ tem announces 1961, are called for payment on Jan. 1, 1948, at par and accrued interest, at the Na¬ tional City Bank, New York City (named in said bonds as paying agent). 59 ? $7,000 in 1952; $10,000, 1953 to 1958; $15,000, 1959 to 1971, and Avinger, Texas Bond Offering—Sealed bids $20,000 in 1972 and 1977, all incl. will Bonds due from 1963 be received by through 1977, Mayor C. F. Powell until 7:30 p.m. on Dec. 16 for the incl., are optional at par and ac¬ purchase of $110,000 not to exceed 5% interest water and sewer Bland, Town Bond Offering—Sealed bids will Pa. Uniontown, Pa. Bond Offering — I. W. as with P. Treasurer, maturing Jan. legal invest¬ 18, 1947. land damage bonds. tion. Justice Voted the proved duction opinion State's list of Nov. Bonds Township School District, Al¬ legheny County, from collecting a The the Sunbury, will , Call—J. and approved the issuance of the fol¬ Massachusetts on List—The Massachusetts Commis¬ of ment of ' that the $100,000 water works and sewer bonds dated Jan. 1, 1921, tion governments of son Clerk serially from 1948 to 1961 incl. Scribner, for 2s, at 100.448. high court dismisses a suit which attempted to enjoin Robin¬ tax Sinkler, (2363) TEXAS * Johnston, S. C. Bond Clerk payable J-D. The next highest bidder was Singer, Deane of the the Huger Interest second class cities and lesser local units to levy taxes not tricts on were — Arthurs, Lestrange as 2s, at price of 100.488, a basis of 1.88%. Dated an Nov. 26, upholding the ^authorizing districts Coal 2155 p. by Klima, Pennsylvania Su¬ constitutionality the gen¬ bonds offered 166, v. — $135,000 CHRONICLE obligations of Scranton had been Pennsylvania (State of) Supreme Court Validates School law by Charleston. Township (P. O. Pittsburgh), Pennsylvania Bond & the the issuance Bonds Dec. 1— v. purchased Nanty Glo, Pa. election on FINANCIAL of 100.599. Voted—At on Pa. Sale The $500,000 gen¬ pubilc improvement of 1947 series A bonds offered legality at exceeding that author¬ & incl. Principal and interest (M-N) payable at the Chase National Bank, New York. Approved as to and loan. be the office of the city's fiscal agent. eral Eldred), Pa. halls, center loans'shall ized by law and shall be paid by the city on January and July 1, at Bond Eldred COMMERCIAL $6,000 in 1949 to 1951; Sale tion with the Details—In connec¬ sale of the $600,000 refunding bonds to the syndicate headed by the First of Texas Corp., of San Antonio, as 3s, at par, as issue—v. reported 166, p. in our Dec. 2260—we that the bonds mature as 1 learn follows: $5,000. in 1949; $4,000 in 1950; $7,000 in 1951 and 1952; $8,000 in 1953; $7,000 in 1954; $8,000 in 1955;* $7,000 in 1956; $9,000 in 1957; $10000 in. 1958; .$11,000 in 1959< and 1960; $13,000 in 1961; $24,000; in 60 THE (2364) COMMERCIAL 1962; $26,000 in 1963; $27,000 in mouth, at an .estimated cost of Asserting that the 1964; $32,000 in 1965 and 1966; $18,500,000. $33,000 in 1967; $34,000 in 1968; tunnel-bridge project was "eco¬ and would $43,000 in 1969; $44,000 in 1970; nomically feasible" $45,000 in 1971; $47,000 in 1972; "adequately provide for the move¬ $48,000 in 1973; $50,000 in 1974, ment of traffic," an engineer's re¬ and $8,000 in 1975. Interest pay¬ port recommended that the com¬ mission "proceed with the neces¬ able F-A. sary negotiations for financing Pasadena Indep. School District and constructing the facility." (Pi O. Pasadena), Texas As to financing the project, it f Bond Election —7 The Superin¬ . estimated was tendent Schools states that of election will be held have the an voters pass on the at issu¬ $1,600,000 construction bonds. Due serially in 25 years. Norfolk Hampton„ Va. The $36,000 air¬ Sale—- -"Bond purchased' by been has 8 Berkley and a twotunnel from that locality to lane bonds authorized at an election on Nov. between and construction pool swimming erection Portsmouth. Bonds Sold—The issue of $130,000 in¬ debt bascule bridge was for proposed Pelly, Tex as - the 3% interest rate. a A four-lane of ance that curred could be retired in 30 years Dec. 6, to on at Dec. 2— v. 166, p. 2260—were purchased by F. W. Craigie & Co., of Rich¬ mond, as 1.70s, at a price of 100.117, a basis of 1.683%. Dated June 30, 1947. Due serially on Jan. 30 from 1953 to 1957 incl. public auction at 2 p.m. on Dec. 9 an issue of $395,000 construction Principal and interest (J-D) pay¬ able at the Central Hanover Bank port B. V. Christie & Co., of San An¬ tonio. Perryton Indep. School District, T exas Bond Offering These bonds. thorized The — the are sell bends election the at Superin¬ will Schools of tendent on York. The next & Trust Co., New au¬ highest bidder was Scott, Horner & Mason, for l%s, at 100.024. Nov. on offered bonds 12. & FINANCIAL until 10 CHRONICLE Dec. 15 for now purchase of 500,000 not to exceed 3% interest general obli¬ held gation bonds. Dated Dec. 1, Denomination $1,000. Due on 1, as follows: $52,000 in $53,000 in 1950; $54,000 in $55,000 in 1952; $56,000 in sewer urer, a.m. on the 1947. Dec. 1949; 1951; 1953 and 1954; $57,000 in 1955; $58,009 in 1956> and $59,000 in 1957. Bid¬ ders Monday, December 8,1947 that reports on proved at an election July 7, the voters ap¬ the issuance of $100,000 improvement bonds. ThermopoVs, Wyo. Pending — City said are consideration have to under proposal a for the issuance of calling $135,000 sewer bonds.. submit bids for the bonds as follows: (A) With the right reserved by the County to call any and all cf the bonds at par in inverse numerical order on may interest payment date on and after five years from the date thereof. (B) Without- any right reserved by the County to call any of the bonds prior to their maturity date. The bids submitted shall specify either (a) the lowest rate of interest and premium, if any, above par at which the bid¬ der will purchase the bonds, or (b) the lowest rate of interest the bidder will purchase payable check for is 5% re¬ quired. John, Saint Charlottetown, Muncton, Fredericton, Montreal, Toronto, Winnipeg, Regina, Cal¬ gary or Vancouver. Approved as to legality by Daly, Thistle, Judson & McTaggart, of Toronto. SCOTIA A syndicate composed of R. A. Daly & Co., Anderson & Co., Burns Bros; & Denton, Cochran, Gundy, & Co., Corp., A. E. Imperial Bank of Murray & Co., Fry & Co., Charles H. Burgess & Co., all of Toronto, and the Scotia Bond Co., of Hali¬ Canada, all of Toronto, and Tan¬ fax, is offering for investment the following debentures: of posed Wood, Dominion Securities & Ames Co., & Co., of Calgary, recently purchased $2,500,000 refunding bonds, at 99.527, a net interest cost ner of 2.70%, as follows: $1,250,000 000 2V4S, maturing $250,1948 to 1952, and as from $1,250,000 as 2%s, maturing on Dec. 1, $250,000 from 1953 1957, all inclusive. & certified A fax, com¬ with sold Preston, Thorgrim¬ Horowitz, of Seattle, ap¬ proving the legality of the bonds. $500. Due 15, 1968. Principal and (M-N) payable in Hali¬ Nov. interest NOVA ALBERTA the opinion of son de¬ Halifax, Nova Scotia Debentures Publicly Offered— Alber'a (Province o() Bond Sale-—A syndicate the bonds at par. Interest J-D. The bonds will be fund sinking nomination $1,000 and CANADA any which 3% bentures. Dated Nov. 15, 1947. De¬ on Bond Issuance officials $5,000,000 to $1,403,000 3% improvement bonds. Due on Nov. 1, as follows: $140,000 from 1958 to 1966, and 143,000 in 1937. 7COCOO 2%% improvement bonds. Due on Nov. 1, $140,incl. 1957 to improvement Due $110,000 on Nov. 2V2% bonds. Interest payable J-D. The next highest bidder was James Richard¬ son & Sons, at a price of 99.417. 1953 from 000 550,000 1, from 1948 to 1952 incl. Dated Nov,. Denomina¬ 1, 1947. , Sch. Indep. Lavaca Port Richmond, Dist., Bond T exas $80,000 con¬ struction bonds authorized at the election on Nov. 15 were sold re¬ cently Dec. Dated 3V4S. as Dec. on Rising Star Independent Sch. Dist., 1948. Texas Jan. on Approved as to Legality —The following bonds aggregat¬ Bonds be held to fiscal election held voters the 1 Nov. on bonds 1947 of bonds was pur¬ bonds were City of issued on construction works (P. Nov. 21 held be 375,0.00 Dec. on consider 2s, we works revenue bonds. * Texas Tyler, Bonds Voted proved street — At election voters ap¬ the issuance of $150,000 improvement bonds. Zavala-Dimmit Counties, Wa'er 3%% semi-annual bonds improvement chased 5% and bv recently was the pur¬ Co., of Wichita. Dated Sept. 1, 1947. Legality approved by McCall, Parkhurst & Crowe, of Dallas. VIRGINIA Ri"~r Norfolk), Va. Large Bridge -7- Tunnel Project — The sion announced for above plans thecoristruction from Norfolk tunnel from to Commis¬ of a Berkley Berkley to 5 bridge and a Ports¬ 2156— p. were sold outstanding bonds, interest in accrued order on any payment date on and from date of issue. years Nov. 1, 1947. Interest pay¬ M-N. by Approved as to legal¬ Preston. Thorgrimson & Dayton), Bond Sale Wash. tion with the COnnOfi. sale of the $220,000 school bonds to Foster & Marshall, of Spokane, at a net interest cost of 2.089%, as reported in our Dec. 1 issue—v. 166, p. 2260—we learn the bonds sold were at a price of 100.339. The next highest bidder was the State, 'V*j; at par. for 2.20s, ■ (P.x O. Seattle),. Wash King .County y Bond Offering—Sealed bids will be received by the County Treas¬ 20— $1,C00. Principal and inter¬ est (M-N) payable at the City Treasurer's office, or the Royal Bank of Canada, of Halifax, Saint Montreal, Toronto, Winni¬ Vancouver. John. peg or ONTARIO Etobicoke Township (P. O. Etobicoke), Ont. Publicly Offered— Harrison & Co. and the Bankers Debentures WEST 2%% transit system equipment debentures. Due serially from 1948 to 1951 in¬ will voters of W. — held in the be to clusive. Va. At 200,000 2V4% transit system equipment debentures. Due serially from 1952 to 1955 in¬ election an future the near consider the $300,000 issuance Kenova, W. Va. Bond Sale — The $25,000 war memorial and library bonds were as Due in 2V2S. the are the at Sinking State bonds election au¬ held on June 10. Mercer 1, 1947. Principal and interest payable J-D. The next highest bidder was Jame~ Proposed Bonds—The State Supreme on 25 a ruled invalid Nov. 25 proposed levies airport $1,100,000 issue, since the could not to the on County suffi¬ produce service Nov. on bond that Court Court all of the said bond issue, it could not issue $600,000 portion of the bonds at present. a WISCONSIN $500 1967 Nov. Nov. 15, Bonds from due on 1948 or to after Columbia P-i'^h Debenture Minister comb, of — until will noon (FST) on Dec. 9 for the purchase of $5,COO,000 2 V2% debentures. Catcd Dec. 15, 1947. Due on Dec. Principal 1952. 15, and $50,000 payable to the Minister of Finance, is required. 15, 1957, subject to redemp¬ at and par accrued interest. provement bonds offered on Nov. were purchased by Wood, 24 Gundy & Co., of Toronto, Nesbitt. Thomson & Co., and the Royal jointly, — bonds both of Montreal, as offered Bell, Gouinlock & on 1 3/4 0 V-.;: was '"-f - Walter & ■■■'" 2%s, at 96.80. Co., for 1 AO Aoq when issued and If and accepted by the principals and subject to the val¬ of the Ontario Municipal idation Boards, Fort Bond tion Williams, Ont. Sale Details — In connec¬ with the sale of the $764,000 improvement bonds to the Corp.. of To¬ 21/2% Dominion Securities ronto, as reported in our Nov. 17 issue—v. 166, p. 2044—we learn that the bonds were sold for a and 1, as follows: $43,000 in $44 000 in 1949; $45,000 in $46,000 in 1951; $47,000 in 1948; I.950; 97.757, mature of on 1953; $49,000 in 1955; $52,000 in 1957; $54,000 in 1958: $56,000 in 1959; $57,000 in 1960: $59 000 in 1961, and $60,000* in 1962. Interest payable M-N. $48,000 in $51,000 in $53 000 in 1952; 1954; 1956; Welland, Ont,. Sale Bond Details—In sale tion with the 3% (not 2%) of connec¬ the $60,000 bonds'ito: Wood, & Co.. rn. Springs, Wyo. Bonds Voted The City Clerk all of Toronto, Eastern M"rrav & Co., fax, is of Coch- Toronto, Co.. of HaR- F. J offering for investment as renorted in our 1 learn that the bonds were a Securities Co., of St. John,. Rock — incl. 1967, Nov. 10 issue—v. 166, p. 1940-r-we Nov. high¬ est bidder to Mills, Spence & Co., and Bank of Nova Scotia, Halifax, jointly, as 2044—were p. 1958. To be dated Dec. 15, 1947. Gundy & Co., 29— NEW BRUNSWICK purchased New Brunswick (Province of) by the Casper National Bank, of Debentures Publicly Offeredr— Oasoer. and As^nm'qtes, as l%s. A syndicate composed of the at a price of 100.20, a basi^ of Dominion Securities Corp., Bell, 1.714%. The bonds are dated Oct. Gouinlock & Co., Wood, Gundy & 1, 1947. Principal and interest Co., MrLeody Young, Weir & Co., (A-O) payable at the County A. E. Ames & Co., Mills, Spence Treasurer's office. The next 166, v. as Co., McLeod, Young, Weir & Co., o Big Horn County School District No. 1 (P. O. Byron), Wyo. Bond Sale The $65,000 build¬ ing maturity. divided Nov. Winniveg, Man. Sale—The $2,010,000 im¬ Bank of Canada, are price MANITOBA Bond each from follows: interest (J-D) payable at either of the fol¬ lowing cities in Canadian money: Victor a, Winnipeg, Vancouver, Toronto or Montreal. A certified for for debentures These H: Ans- Finance, bids sealed r~ceive amounts (Province of) Offering interest, yielding proportionate accrued 3.01%, $407,090 2%s. Due from Dec. 15, 1948 to 1957, incl. 430,000 S^&s. Due from Dec. 15, COLUMBIA BRITISH 2%s, at a price of These bonds are part of an issue 96.888, a basis of 2.96%. Dated of $50,000 authorized at an elec¬ Dec. 1, 1947. Due Dec. 1, 1967. In¬ terest payable J-D. The next high¬ tion held on Aug. 13, 1948. tion Bond over Sale—The on Bankers plus Sens, Royal Secur¬ Montreal, Royal Bank Montreal, Anderson & Co., Midland Securities Corp London, Ont, W. C. Pitfield & Co.v and Harrison & Co., jointly, at a general incl. being made by Ltd., and the Corp., both of of Canada. c^eck Ridgeway, Wis. $10,000 water obligation bonds offered on Nov. 28 were purchased by Harley, Hayden & Co., of Madison, the only bidder, as 2s, at par. Dated Nov. 1, 1947. Due Bond works & Richardson & Va. W. Invalidates Co., Harrison ities Corp., price of 99.188. Court Etobicoke, Ont. Bonds Offered for Investment- Toronto, of $837,000 2%% and 3VS % debentures, priced at 101.33 County (P. O. Princeton), ground Dec. Dated - bonds. incl. 1958 to 1967, from Public offering is clusive. stadium baseball These $430,000 3Va% improvement debs. 407,000 2%% improvement debs. Dated Dec. 15, 1947. Interest J-D. Due serially on Dec. 15, inclusive. VIRGINIA Bond Election Toronto, of both Corp., jointly, are offering the following debentures for investment: 1, from 1956 to 200,000 Charleston, Eond 193- Dec. est bidder was Details—In Nov. on 1838—were p. on Dec. 2.—V. on WYOMING Columbia County, Davton School District No. 2 (P. O. — offered ment debentures. Due seriall. $14,000,000 1940. p. Horowitz, of Seattle. Nov. 24 on 166, numerical interest after the and par inverse that TwoCom¬ mission (P. O. Planned of 166, as both incl. The District the right to redeem any Ransan- Davidson EVzaheth at ity Sold—An issue of $200,- Bonds 000 all or able Texas Vancouver, issue—v. 1962, the reported in our as learn that the bonds DoteH Improvement District No. 1 (P. O. Crystal City), $63,000 Washington follows: $4,000 on Nov. 1, from 1949 to 1958, and $5,000 from 1959 reserves an the 25 Nov. on of Bank, connec¬ as to held the to 100.333, 24 for bonds offered enue cient of the sale the bonds at Nov. voters the issuance of $5,- water with 112 Wash. Details—In Sale National election the 9 Washougal Consoli¬ 163, v. Tacoma Narrows Toll Bridge rev¬ construction Vancouver), O. Bond Tcxcrkcna, Texas will and dated School District No. tion to for present the remaining Edmonton, Alberta The $750,000 Debenture Sale debentures tion — is¬ $35,000 next Spring. school an the for immediately by the Commercial State Bank, of Election—At , $70,000 water revenue which $35,000 will be of bonds, Ranger. Bond calling Council suance ordi¬ O. by the Board of Com¬ received were 1951. An — (P. purchased missioners until 2 p.m. on Dec. by a syndicate composed of Tan¬ 15 for the purchase of $125,000 ner & Co., of Calgary, Nesbitt dredging facility bonds. Denom. Thomson & Co, of Montreal, anc $1,000. Cochran, Murray & Co., of Toron to, at a price of 99.36, a net inter¬ Washington Toll Bridge Authority est cost of 2.99%, as follows: (P. O. Olympia), Wash. No Bids Received No bids $350,000 3% transit system equip thorized passed recently by the Clark County, water purchased was be received purchased by the Fund Commission, Authorized Bonds nance Texas $34,000 certified A amount bid, required. Bonds Sold—The City Secretary that 1948. Ewrett Everett), Wash. or on Brewster, Wash. Sept. 1, 1947. Legality ap¬ proved by McCall, Parkhurst & Crowe, of Dallas. states ap¬ WASHINGTON Dated Strawn, 7, is recently by the First of Corp., of San Antonio. chased Jan. delivered be cheek for 1 Vz % of the Stephenvzlle Indep. School District (P. O. Stephenville), Texas Bonds Sold—An issue of $106,000 2Vz% semi-annual refunding, series will about ap¬ proved the issuance of $20,000 street improvement bonds. Texas the proving opinion of Reed, Hoyt & Washburn, of New York City. The election an with furnished be of Bond Offering—Sealed bids will of agent will Rule, Texas. Voted—At multiples of lk of the City in New York City. Bids may be made below par, but in no case less than 97% of par. The purchaser improvement bonds. Bonds same Rates of interest Principal and interest (J-J) payable at the City Comptroller's office, or (at the holder's option) unless the bonds be registered, at the Bankers Trust Co., or other will consider the issuance of $150,000 road be stated in the bear must interest. 1%. 13 the voters Dec. on of to (P. O. Texas an bonds rate Roberts County At 1, from 1949 to 1968 incl. All $79,000 have been approved as to legality by Dumas & Huguenin, of Dallas: $41,000 school house bonds. 38,000 refunding bonds. Dated Nov. 1, 1947. ing — of purchase registered bonds. Dated Jan. 1, Denom. $1,000. Due $97,000 or Bond Election the for 17 Port Maurice $1,940,000 not to exceed 3% in¬ terest public improvement coupon 15, 1947. Miami ), Offering Miller, City Comptroller, will re¬ ceive sealed bids until noon (EST) Sold—The Bonds Va. — J. soldjat i price of 101.432, are dated Oct. ! 1, 1.947. and mature $4,000 on Oct. ! f**em 1948 to 1962 incl. Interest. I. A-O. QUEBEC Pont Rouge, Que. Sale—An issue of Bond $44,000 purchased re¬ cently at 99.00, a net interest cost, of 3,072%v!*as follows: $5,000 as maturing from 1948 to 1952, and $39 000 as 3s, maturing from to 1967, incl. Dated Oct. 1, ' sewer 1947. bonds \ was