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Financial
Reg. U. s. Pat. Office
f'- 'K:-*
Volume 165
Number 4567
New York, N. Y.,
Monday, February 10, 1947
Price 75 Cents
Copy
a
General Corporation and
Investment NewsIISIftS
RAILROAD
PUBLIC UTILITY
■
Aetna Casualty & Surety Co.,
Hartford,
See Aetna
Life
Insurance
Co.
below.—V.
164,
Aetna Life Insurance Co.,
Hartford,
Conn.—Report
3137.
p.
45
Conn.—Report—
It is announced that premiums of the
Aetna Life Affiliated
Companies
1946 were $276,496,767,
an
increase of over
$22,000,000 for the
year.
In the parent company the premium income was
$189,145,992,
an increase for the year of over
$8,000,000.
New
life
insurance
against
business
in
$189,000,000
the
in
Ordinary
1945.
New
Department
insurance
was
on
Group
Life and Employee plans amounted to
$409,000,000 against $220,000,000
in 1945.
Insurance in force in
to
$2,214,000,000,
increased
the
and
to
$4,100,000,000.
the
company at the end
almost $800,000,000.
of
After
providing
Ordinary Department increased $138,000,000
in
force in the
Group Department
insurance
$656,000,000
of
the
$3,874,549
Participating Department and
the valuation
Bonds
valued
at market prices
Insurance
what
to
Dec.
on
over
profits
contingency
Dec.
on
The
31,
the
At
the
31.
rate
of
30,
1946,
force
basis
and
values
of
excess
the
amounting
The
in
the
3.16%
stocks
of
fall
to
contingency
Life
in
Sales
rate of
of
the
bonds valued
I ifi,GOO,000 over
the year
Of this total, the Aetna
in
are
in
market
share
per
share
per
The
sion
REPORT
at
income
Net
resulted
interest
real
writing
in
loss
of
OF
$674,516,574.
in
of
an
its
ended
as
Alabama Power
Nov.
30, 1946, were at
compared with sales for the
same
Prov.
period
Nov.
1946 (after providing
rates) amounted to $2.10
Dividends
has planned and is proceeding with
distribution.
The operations
at
are
taxes
Federal income taxes
Int.
still
subject to price
was
of
CASUALTY
the
Aetna
the
increase
New York Curb
States
increase
of
to
SURETY
This
premiums of
but there was
due
was
an
to
an
833
was
Montreal
under¬
automo¬
is
shares
per
-839
.840
840
fall in the market value
of stocks of
$1,800,000 was charged
to contingency reserve.
The
contingency reserve of the company on
Dec. 31, 1946 was
$5,800,000.
The assets of the
company are $120,073,616, an increase of
approxi¬
mately $4,000,000 for the year.
REPORT OF AUTOMOBILE
INSURANCE CO.
premium income of the
Automobile Insurance
Company
up $6,600,000 for the
year.
unearned premiums of
$4,487,000.
interest and rents were
Net
the
$923,072
undistributed
$74,406.
But
also
was
and
to
earnings of
there
due
to
was
an
the
an
This
and
Standard
expansion
in
an
the
A
company
fall in the
is $8,916,057,
market value
a
of
in
an
earnings
840
stocks
of
contingency reserve.
The
contingency
31, 1946 was $3,400,000.
842
843
843
was
Co.)
charged
company
$47,131,571,
an
Net
interest
writing
loss
earnings
surplus,
for
which
was
V.
The
increase in unearned premiums
of $915 313
were
$210,161, but there was an
under¬
After adjustment
for Federal taxes
rents
$168,499.
the
Depreciation
reserve.
__
and
of
is
in
year
now
were
$66,686.
of
are
of
amount
Shoe
was
the
charged
company
$9,401,365,
6o.
*dJVid*?d
50 cents
Marcn l to
payable
This
$300,000
reserve
$600,000.
Agnew-Surpass
etc
was
added
to
an
848
Dec.
31 '
1946
record
Jan.
31.
on
common
Payments
last
year
will
be
made
within
two
,
of
purpose
■:
-
increasing
/>'••;<
./
•
working
bank
capital.
Bonds
qAllen
&
Compan y
Established 1922
Telephone' HAnover 2-2600
NEW YORK
4, N. Y.
Bell Teletype: NY 1-573
\.
also
v;;-:
s\:i*•;pY:h,&
■
.
this
of
of
Manufacturing
Seattle, another division
of
American-Marietta Co.
Maus,
of
the
sales
of
Vice-President
as
the
Valdura
Pacific
division
Chemical
Co.
parent
and
also
Los
at
company, is in charge
of the company's
newly
Angeles.
His
headquarters
2
are
Chicago.
Emerson
Brott
of
will
be
in
charge of the entire Pacific Northwest
American-Marietta.
parent
manufactures
company
Valdura
and
at
industrial
finishes
22
Kankakee, 111., and operates the Keystone Asphalt Products
Co.,
Chicago Heights; Sewall Paint & Varnish
Co., at Kansas City, Mo.,
and
Dallas, Tex.;
Schorn Paint Manufacturing Co.,
and
Adhesive
Products Co., Seattle;
Leon Finch. Ltd. and Pacific Chemical
Co.,
Los Angeles; Ferbert-Schorndorfer
Co., Cleveland; Ottawa Paint Works,
Ltd., Ottawa, Canada; Marietta Paint & Color
Works, Marietta, O.,
and High Point, N.
C.; and Charles R. Long, Jr., Co., Louisville Ky.
—V. 165, p. 66.
v
See Central & South
American
848
848
2
r
1
Service Co.—Merger Effective—
West Corp.
Radiator
below.—V.
165, p. 66.
Standard
&
Sanitary
Corp.—
Special Dividend of 10 Cents—
The
directors
share
and
Jan.
on
declared
30
*
special dividend of 10 cents
dividend of 10 cents per share
March 31 to holders of record
a
the
regular quarterly
on
the common
stock, both payable
Feb. 21.
No special distribution was made in 1946.
The
stock
usual
was
quarterly
also
dividend
—V.
The company on Feb. 4 filed a letter of notification with the SEC
for 5,000 shares of common
stock (no par), to be offered at $15 per
share without underwriters.
Proceeds will be used to publish a bulletin
for and about
aviation, etc.
American Viscose
Tested Plan—
Gross
Net
1946
ry.
oper.
From Jan
Gross from
Net
from
Net
ry.
1945
1944
1943
$2,090,363
$3,373,117
224,811
railway
railway
■'•'3,622,961
$3,100,235
146,336
2,350,610
*959,117
1,127,764
499,358
income...
260,634
1—
railway
railway
oper.
28,814,591
2,240,778
35,512,783
38,255,988
5,718,293
12,812,264
37,177,317
14,002,722
585,556
2,563,814
4,460,904
3,782,283
income...
^Deficit.—V. 165,
p.
677.
$1.75
2282.
p.
corporation
"Crown"
encourage
$2,407,079
from
from
The
the
RR.—Earnings—
December—
164,
of
declared, payable March 1
With SEC—
Corp.—To
announced
Tested
and
Plan,
assist
per share on the preferred
to holders of record Feb. 20.
'22
in
on
Feb.
6
it
f
Discontinue
has
which
continual
its
intention
maintained
improvements
"Crown"
discontinue
to
\
5;f::
since
in
1930
to
fabric
rayon
serviceability.
The
as
former
the
render
"Crown"
Converting
all
possible
Tested
Trade
Department will henceforth be known
Department.
It will continue to
Relations
service
to
the
textile
rayon fabric quality.
It will also continue
of
fabric
performance requirements which
cepted
by
trade.
Another
trade
to
toward
maintain
has
been
so
manual
widely
ac-
important
part of its work will be to
continue the research nesedd to keep these standards and test methods
alive and up-to-date.—V. 164, p. 2682.
"
Trading Markets in
SECONDARY MARKETS
Over the Counter Securities,.
GEARHART & COMPANY
Telephone
REctor 2-3600
Members
York Security Dealers Association
45 NASSAU
STREET. NEW YORK
Philadelphia Telephone
Enterprise 6015
74
5
Bell
New
Teletype
York
v
;
Troster, Currie & Summers
INCORPORATED
Members New
1-576
New
York Security Dealers Association
Trinity Place, New York 6, N. Y.
Telephone HAnover 2-2400
|y
improving
the
CORPORATE FINANCE
MUNICIPAL DEPARTMENT
3d- BROAD STREET
^
G>;
loans
See
,
\ s
municipal
to
$306,000
and
current
the
SPECIALIST IN
FLORIDA & NEW
JERSEY
;-
weeks
prior
new vice
presidents have been added to the
official personnel
company, Grover M. Hermann,
President, announced. They
Roland Maus who has been
Sales aMnager of the
company's Val%
dura division since
1940, and E. Emerson Brott, who has been ViceK
President and General
Manager of the Schorn Paint
Co.
848
Federal Reserve System
Auction Sales
Net
stock,
payment
Two
of
Condition Statement of Member Banks of
—
Stores, Ltd.—Larger Dividend—
of
for
American Public
Combined Condition Statement of
Federal Reserve Banks
Alton
contingency
increase of $740,623
per share has been declared
holders
on
to
receive
848
$2,391,378.
securities
contingency
The assets of the company
165, p.
premium
and
will
tenders of up' to
convertible preferred stock
expires at the close of business f
series
offer
are
on
was
The
'
Vv.$••■**?
The
Air Power Club
Bulletin, Inc., Patterson, N. J.—Files
Co.
1947
it
dividend
cash.
*/.
acquired
increase of $2,651,738
REPORT OF STANDARD
FIRE INSURANCE
CO.
The
premium
income of
the
Standard Fire
Insurance
$4,322,138, up $1,077,082 for the
year.
This
increase
in
Income resulted in an
21,
$2
that
■.fA
in
847
Foreign Exchange Rates
to
its
in
165, p. 201.
828
848
The Course of Bank
Clearings.
Dividends Declared and Payable
were
announces
American-Marietta Co.—New Vice-Presidents—
per
The assets of the
company were
for the year.
1,200,000
time.
incurred
V.
Mr.
855
Notices
increase
was
the
$2,492,193
proceeds of the. sale Of
.$750,0007 serial Notes
Subordinated Debentures have been used
to retire
828
Offerings
$1,916,552, which
company's business
automobile collision line.
of
$5,275,982
3138.
846
828
Redemption Calls and Sinking Fund
of
$1,300,000
$79,237
'
American Hospital. Supply
Co.—Private Financing—
The
841
842
Curb
General Corporation and Investment News..805
State and City Bond
the
reserve
$3,692,192
Should more than
50,000 shares be tendered
expiration date, tenders will be
pro rated.—V. 164, p.
E.
was
of
share
February
that
the
operations
an
operating loss of
of $700,000.
The surplus
drop of $1,623,018 for the
year.
Dec.
$5,275,982
2,880,126V
.
•
Miscellaneous Features
(including
Insurance
loss
unfavorable loss ratio in the
After adjustment
for Federal
taxes there
$923,018.
Stockholders received dividends
of
Fire
underwriting
unusual
resulted
other
$48
of
A
In
$79,236
.
$5,961,178
2,268,986
841
Stock and Bond Averages.
the year.
$27,938,576,
1,644,075
reserve
corporation
at
839
Exchange
Toronto Stock Exchange
Toronto Stock Exchange—Curb Section
Over-the-Counter Markets
Transactions New York Stock Exchange
Transactions New York Curb Exchange
expansion
arrived at after
taking down
$1,000,000 voluntary additional reserve
for unpaid compensation losses
eet up in prior years out of
previous earnings.
This voluntary reserve
now stands at
$1,500,000. After adjustment for Federal
taxes, earnings
for
the
year
were
$1,069,329.
Stockholders received
dividends
of
$1,800,000.
The
surplus of the company is
$28,476,677, a drop of
$730,671 for
The
$6,920,058
189,082
stock
65.
p.
50,000
839
San Francisco Stock
Exchange
Montreal Stock Exchange
premium
165,
838
Exchange
Philadelphia Stock Exchange
Pittsburgh Stock Exchange
$1,-
$6,072,261.
unusual
$268,319
105,000
$389,705
spec,
on
838
St. Louis Stock
Exchange
Co.
unfavorable loss ratio in
underwriting loss
of
an
21,535
65,489
44,696
$494,704
preferred
838
-
Cleveland Stock Exchange.__
Detroit Stock Exchange....-^..
CO.
& Surety
increase in
92,680
65,412
7,603
income
The
Chicago Stock Exchange
Cincinnati Stock Exchange...
year.
unearned
$2,570,077,
which
and
&
$8,999,397
7,723
240,626
American General Corp.—Offers to
Buy $2 Convertible Preferred Stock—
828
Los Angeles Stock
assets
—V.
817
Exchange
Baltimore Stock Exchange
Boston Stock Exchange...
loans
Casualty
year.
in
were
the company's business
business. This
with
year
$94,000,000 for the
for
$1,472,744,
mortgage
$9,922,365
2,892,120
5,004
expense.
Balance
Page
New York Stock
Exchange (Stocks)
New York Stock Exchange
(Bonds)
12.4%,
(including real estate acquired for
estate
243,830
3,011,978
4,195,866
$538,204
disct.,
deductions
Approp. to
Stock and Bond Quotations
of
fall
a
United
an
585,193
3,119,492
4,137,278
$751,179
243,862
debt.
debt
and
on
48,766
660,996JT
$389,704
of
Balance
Issue
company
3.01%, showing
This
This
48,766
578,187
)
j
income
long-term
prem.
Divs.
charged
the
on
Amortiz.
Other
in
289,165
acquis.
General
cents
Gross
present
still
are
90
gradual expan¬
a
retail
material, etc. and
of
plant
of
1946—12 Mos.—1945
$2,652,497 $33,331,884 $32,782,025
1,122,705
12,100,515
12,875,426
281,825
3,467,040
3,455,527
1,281,839
adjustments
30,
profits taxes at 1946
100,736 shares outstanding.
paid during this period.
$2,949,136
expenses
depreciation.
for
Amort,
ended
1946—Month—1945
revenue
Operating
increased
an
year.
months
Co.—Earnings—
Period End. Dec. 31—
Gross
Net
Company alone held $588,$63,000,000 over the year before
over
rents
bile
fiscal
by shortages of
control.—V. 163. p. 2989.
Insurance
AETNA
income
and
were
restricted
before.
Life
$6,354,516
up
1, Sept. 2 and Dec. 2,
Feb. 4, said:
the
on
company
of
and June
MISCELLANEOUS
-
some¬
value
was
of
companies held
5.7%,
and
an increase
premium
previous
valued
were
$3,000,000,
investment purposes) 1.7% ol total
assets.
The Aetna Life Insurance Co.
closed the
The
months
profits for the six
for income and excess
This was an increase of
end it was 47.1% of the assets.
Investments in bonds other than U. S.
Government bonds increased
$15,000,000 to $320,000,000, or 25.7% of
the assets. Investments in stocks were
$55,090,061,
the six
Net
1945.
combined
1)00.000.
247,000,000,
for
approximately 9%
the
cents;
on
the Connecticut
stocks
reserve
Department is
earned
the year
policy loans 3.2%,
30
each.
increase
an
$42,000,000.
Government
iIfpv4
l,
INSURANCE
to
prescribed by
as
market
The
sales,
on
was
of
rate
end
in
$6,314,000,000,
dividends
amortized
Actual
reserve.
1946
interest
from
Nov.
Department.
higher
stocks
the
on
of
as
for
was
insurance
March
-
policyholders in the
after allocating $4,531,198 to
strengthen
basis, surplus increased $3,009,290 to
$48,016,637.
reserve
are
year
Total
follows:
as
cents
Roy Karn, President,
for
$256,000,000
were
INDUSTRIAL
-
Teletype NY 1-376-377
Private Wires to Buffalo Cleveland Detroit Pittsburgh St. Louis
-
.
/
In¬
£i:
•
THE
COMMERCIAL & FINANCIAL
Monday, February 10, 1947
CHRONICLE
6
vf'
Mines, Inc., New York—Files With SEC
The company on Jan. 31 filed a letter oi notification with the SEC
for 240,000 shores (81 par) capital stock, to be ofiered at $1.25 per
share without underwriting.
Proceeds w.iil be used lor nunc develop¬
51,034
Ameri-Cana
As
Chicago.
end
share
©f
Dr. Morrison
century,
a
his
railway
from
Gross
Wet
ry.
railway
from
Wet
Wet
railway
from
income—
Net ry. oper.
$459,566
52,633
157,002
114,434
47,088
35,517
29,111
5,122,012
5,711,683
2,097,474
323,707
403,742
2,192,096
467,748
of
Jan. 27 filed a letter of notification with the
for 8,500 shares of common stock on behalf of Lucille E. Simon.
Angeles, to be sold at market.
No underwriter named at
—V. 164, p. 950.
on
SEC
Los
present.
paid
as
were
President,
Net
ry.
Net
John
order.
R.R.—Equip. Trust Certificates—
ry.
Braniff
appointed
been
has
the
Net
Freight
Traffic
Manager
at
(Pa.) Furniture
Industries—Files With SEC—
a letter of notification with the SEC
Jan. 30 filed
for 2,941 shares of common stock.
Underwriters, Scott, Horner &
Mason,
Inc., Lynchburg, Va.
Offering price, $34 per share.
Stock
Is to be sold on behalf of J. D. Bassett, Jr., 1st Vice-President.—V. 163,
on
1856.
ry.
Beauharnois Light, Heat & Power
outstanding 4Mj%
the
of
Co.—Calls Bonds—
35-vear first mortgage
bonds due vJan.
104 and
in Mon¬
V. 157,
1, 1973, have been called for redemption on March l, next, at
interets.
Payment will be made at the Royal Eank of Canada
treal or Toronto, Canada.—V. 164, p. 1583; V.
163, p. 2719;
599.
P.
Industrial
Beneficial
Corp.—Definitive Debs.—
Loan
debentures due May 1, 1961, are ready
for delivery
in
for temporary debentures at the Chase
National Bank of the City of New York, 11 Broad Street, New York,
Definitive
N.
2,/2%
exchange
15-year
165,
Y.—V.
203.
p.
Co.—Registers With SEC—
Feb. 3 filed -a registration statement with the SEC
for 733,575 shares ($1 par) capital stock.
Company said all of the
shares
are
issued and outstanding.
The purpose of the registration
statement is to enable holders
to effect sales by use of the pros¬
on
aided
investment
for
So
far,
and
who
not
for
231,204 shares
Street Ry. Co.—Tenders
The Commission staff
to
asstts,
to,
firm
or
Lake
December—
Gross
from
«
any
railway
Erie
arrangements
'71,829
*119,236
or
*562,019
$8,990,000
earnings
165,
1946
$714,350
1945
1944
Lode Mining
Wash.—Files
Co., Walla Walla,
SEC—
without
♦737,902
not
be offered at 10 cents per.
be used for mine develop¬
shares of common stock, to
underwriting.
Proceeds will
of
all
than
less
Summer.
transports this
passengers.
26
15,770,418
17,669,430
Operating
Operating
revenues
'2,932,775
"^riv^rrsv.4'683-886
i'w27°
182,834
194.033
retir.
Prop,
$413,050
9,970
10,976
$5,551,506
76,995
$4,053,696
66,171
$498,850
$424,026
$5,628,501
$4,119,86?
139.437
140,156
1,673,274
41,007
81,832
256,127
1,681,899
195,995
Cr4,618
Cr55,134
Cr55,419
Crl,797
Cr 783
Crll,132
Cr3,933
< net)
income
income
bonds
Gross
mtge.
on
and deducts.-
Other int.
of
Amortiz.
.
$488,880
revenues
oper.
Other
Int.
125,000
approp.
res.
Cr4,595
Net
.
on
prem.
debt
chgd.
Int.
1946—12 Mos.—1945
$1,614,775 $19,392,030 $18,599,613
667,203
7,981,101
7,490,809
250,684
2,070,124
3,370,629
158,833
2,289,299
2,184,479
125,000
1,500,000
1,500,000
825.565
expenses
.. income taxes-.
Federal
Co.—Earnings—
1946—Month—1945
$1,816,312
Other taxes
with
below.
Light
Period End. Dec. 31—
construe.-
to
Nov. 30,
current
balance
reported
$389,924,
of $3,969 after deducting
compared with $849,839 for
Converted into sleepers, the planes will ac¬
The 300-mile-an-hour four-engined DC-6s
applicable to pfd. stocks for
780,440
"Based
and
$7
on
stocks previously outstanding and
outstanding.—V. 165, p. 69.
preferred
$6
preferred stock now
S5
Brainard Co.
Case, Lockwood &
announced
is
It
in
that
the
company
(Conn.)—Split-Up—:
has changed the par
$100 to $10 per share, and
exchange for each $100 par share held.—V.
stock
capital
from
Celanese Corp.
$1,359,545
$3,765,366
$207,439
period.-
Balance
on
$2,301,325
*941,788
$2,984,926
$324,798
income
Net
Dividends
$2,750,000.
operations over its- newly -certificated
Spring. T. E. Braniff, President, said.—V. 165,
2539; V. 163. p. 188.
begin scheduled
will
line
this
routes
foreign
68; V. 164, p.
Co.—Interim Dividend of 50 Cents—
interim dividend of 50 cents per
holders of record
Bristol-Myers
Feb. 5 declared an
The directors on
share
on
17.
ferred
the common stock, payable March 3 to
Last year, the following payments were made
1,
35
on this issue:
1. Sept. 3 and Dee. 2, 60 cents each, and
cents.
dividend of 9334 cents per share on the pre¬
also declared, payable April 15, 1947 to holders of
cents; June
stock was
1, 1947.
record April
RESULTS FOR
TWELVE MONTHS ENDED DEC. 31, 1946
and Canadian Subsidiaries)
1946—
3 Mos.
12 Mos.
THREE AND
(Including Domestic
Period Ended Dec. 31,
after
Net
all charges
and reserves
and excess profits taxes__
profit
♦Earnings
per
common
share
$1,952,961 $11,585,681
809,823
4,540,060
shares of common
3282. '
'Based on 1,381.188
1946.—V.
164, p.
$1,143,138 $7,045,621
$0.78
$4.90
stock outstanding at Dec. 31,
_
'
From Jan. 1—W
Corp.
&
Power
Carolina
the
30, 1948.
Bank of
Kennedy, Inc.—New Name—
Phosphate
Souihern
railway—
'2,600,905
Inc.—Transfer Agent— v
National Bank & Trust Co. of New York .has been
Brown Rubber
4,115,443
;•
shares
Prices—
of America—Increases
on
Jan. 28 announced price increases effective
all deniers of cellulose acetate process continuous
filament
yarn
and on acetate staple.
On filament yarn increases
are
2 cents per pound on 300 denier or heavier; 4 cents per
on
55 denier and deniers up to 300; 6 cents per pound on 45 denier.
corporation
The
immediately
on
pound
staple was increased 2 cents per pound.
The iayon division of the corporation at the same time announced
price increases in its viscose process continuous filament rayon yarn!
The
price
—V.
165,
of acetate
527.
p.
Central of Georgia
from
Net
ry._oper.
1944
$3,211,244
$4,558,529
*6,451,426
794,876
2,429,039
*1,001,445
497,406
♦135,245
38,253,680
1.166,648
38,987,759
10,894,243
38,929,763
31,703,424
2,307.431
3,807,448
6,397,292
7,345,556
1,414,057
income—
From Jan. 1—
railway
Gross 4rom
Net
Net
ry.
railway
from
income
oper.
1943
1945
$2,857,010
215,239
railway
Net
Earnings—
$2,645,525
271,621
railway
from
Gross
Ry.1946
December—
15,749,901
165, p. 69.
"Deficit.—V.
Effective—
American
Central & South West Corp.—Merger
merger
of Central & Southwest Utilities Co. and
Service
Co.
became effective on Feb. 3, it is announced,
Shares ox
the various classes of stock of the constituent companie£
which are not to be retired by cash payments have been converted
The
Public
of
shares
into
the
under
transfer,
$5
merger
shares
for
of
stock of Central & South West Corp.
Pending the distribution of certificates
stock, the corporation will continue to
common
par
agreement.
common
new
and the New York Curb Exchange will continue to
which while expressed in terms of old common
represent only the right to receive shares
new
provided in the agreement of merger.
See V. 165, p.
certificates,
actually
stock
as
of
Central
3
Soya Co., Inc.
Months Ended Dec.
Net
Cost
(&
of
goods
1946
1945
$19,783,110 $13,302,801
16,225,798 11,610,215
sold
841,428
Operating expenses
$2,715,884
Interest, bond premium, etc
—
~ 90,435
Provision for Federal and State taxes on income
988,772
Minority interest—net profit of a subsidiary—
6,432
Provision for general contingencies—
375,000
profit
The Commercial
orinnlnfeH
transfer
Co.,
-
nerent. for
the common
stock.—V. 163. D, 3280.
profit
profit per share
—V. 164, p. 2688Net
Net
deal in
stock,
common
679.
Subs.)—Earnings—
31—
sales
:
railway
value of its
issued 10 new
142, p. 295.
5,300.
than
19.766,661
4,094,105
19,561,182
4,261,714
3,381,684
♦268^593
on Feb. 3 filed a letter of notification
with the SEC
($5 par) common stock, to be offered at $7.50 per
underwriting.
Proceeds will be used to reduce bank
Carey, Baxter &
supplement
Feb.
Files
shares
without
See
the present two and four-engined transports on do¬
mestic routes and will also be used in foreign service.
The financing
is part of a program begun in 1943 when approxi¬
mately $5,000,000 was added to capital structure through sale of a
•public stock issue.
The company's stockholders now number more
p.
—
loans.
$1,621,874.
by
Manufacturing Co., Hartford, Conn
company
29,968
share
1945,
year
1945
ceeded
218,797
from
with the SEG
letter of notification
27 filed a
Jan.
on
company
1,500,000
Capewell
although operating revenues of $9,551,385 ex¬
Operating expenses, however, were $9,801.069
for
the
eleven
months against $6,918,517 for the entire
preceding year, resulting a net operating deficit of 3259,684 compared
with a net operating profit of $1,000,954 in 1945.
Terms
require investment of the entire proceeds of the loan in
flight equipment, spare parts and accessories, up to no more than
80%
of all such equipment, parts and accessories purchased between
Nov.
1, 1945 and Sept. 30, 1948.
The corporation expects delivery of six 52-passenger Douglas DC-G
full
the
1943
♦700,269
from
$8,317,000
679.
p.
Operating
♦470,866
Net
1946
1947
Days Ended Jan. 31—
With SEC—
subsidiary or any
Dividends may be
surplus, and net current assets must be
earned
of
at
Provision for income
♦6,372,573
•1,763,897
Gross
1,318,990
*1,021,061'
railway
debt
net income for eleven months
dividends totaling $450,000 paid in 1946.
The income of $3,969 for eleven months
RR. —Earnings—
406,679
railway
oper. income
or
corporation's working capital was completely exhausted
1946.
Total current liabilities of $2,506,705 exceeded
total
assets of $2,401,224 by $105,481,
according to its unaudited
sheet.
This compared with net working capital of $5,015,679
at the close of
1945.
Its
unaudited surplus
account showed earned surplus of
$1,072,750
from
portion
The
Seed x'oo'S
$771,152
Net ry.
'117,131
*513,134
The
31, an extra of 25
The usual quarterly
$780,384
Net
_
1,516,354
share
guarantees for the account of any
corporation to exceed $1,000,000."
out
only
Net
■j:
*69,679
*145,401
....
*1.029,904
lor
its
investment in nonflying equipment or other
except flight equipment to 50%
of its capital and
other
maintained
filst mortgage gold exhaust due June 1of 1947 as
bonds, «the sum
sufficient to
S21*339
&
*84,066
*75,754
1,380,751
'682,616
With
mortgages
to
loans
in,
amount
p.' S!°' fUnd' " PrkeS
Bessemer
$95,969
*15.536
1—
Canyon
Bank
Receive $10,000,000
draw
loan
the
making
Dec.
Invited—
Vtlrrh ^Iriio47TrrliSl C0"KxtiUS^ee' philadelphia, Pa., will until 12 p.m.,
!f$
J\h dS 50r the sale of ifc as of March 10. 1947
an
1944
$123,757
*1,247,216
—V.
with a maturity beyond one year must be
for real property for use in normal operations.
Short'-term borrowings, maturing within one year, must be restricted
to $2,000,000.
The company also must not merge or consolidate during the term
of
the loan with any other corporation or permit "its investments
limited
March
to
1945
$113,908
Canadian Pacific Ry.—Earnings—
distribution.
28S-S?tS12,S£Lv" xS, pcd3«.8By * thc remalnlng www*
\
1943
1946
$158,724
Equipment—
permitted
is
in
All
surplus.
have been sold in the open market and the
as to whether such sales had the
°*l 'naklI!g. 41?? en.tire offering public.
extended,
2,168,500
204.
p.
1,725,325
*751,550
10
has
limit
must
It
non-current
raised the question
Berkshire
2,798,986
1,178,484
oper.
ry.
Tralfic
loan.
the
The
and 1945 to a group
represented they were purchasing the shares
Company said the shares had been sold in 1944
Commission had
6,467,429
3,322,706
income...
*1,374,820
"Deficit.—V. 165, p. 204.
a group of
eastern
banks composed of Bankers Trust Co. of New York, Mellon
National Bank and Trust Co. of Pittsburgh, The First National Bank
of Boston, New York Trust Co. and their associates.
During the term of the loan unless otherwise agreed, the company
may
not mortgage
any flight equipment, or pledge or hypothecate
any of its current assets.
It must apply proceeds from the sale of
any
aircraft towards purchase
of additional flying equipment or
pectus.
of about 50 persons
6,154,465
1,128,494
railway
from
Net
alphabetical
Fred
commodate
Berkey & Gay Furniture
company
165,
income.
Jan.
from
Gross
alphabetical
payable in 22 quarterly Installments, commencing Sept.
F.
Florence, President of the
Republican National
2V2%
will
The
6,736,647
2,353,881
*247,210
rai'way
oper.
From
it is not always
reasons
including
All
134,344
814.765
railway
from
Net
long-term
corporation
paid
p.
83,052
income.-.
from
Gross
$10,000,000 during 1947 as needed, the amount drawn to be converted
to term notes Dec. 31.
These notes will bear maximum interest of
other
The company
72,182
4,949,005
railway
oper.
The
Inc.—To
Airways,
corporation
Dallas,
678.
Bassett
33,633
Canadian Pacific Lines in Vermont—Earnings—
completed arrangements for an unsecured
bank loan to finance equipment purchases for
domestic and foreign routes, it was announced on Feb. 3.
Under terms of the loan, which was approved by the stockholders,
This
$10,000,000
Assistant Freight Traffic Manager.
Lloyd W. Baker succeeds Mr.
Hague, becoming Freight Traffic
Manager in charge of sales and service for the entire system.
He
lias been General Freight Agent at Baltimore, Md.
Albert S. Baker, Assistant to Vice-President in charge of traffic)
becomes Manager of merchandise traffic, with headquarters at Balti¬
more, and Ross B. Hager, who has been Chief Clerk to the Vice-Presi¬
dent of traffic, succeeds Mr. Baker as Assistant to Vice-President.—
p.
191,669
December—
possible.
as
Loan for Flight
1943, is moved up to
165,
$559,590
271,554
income.--
"Deficit.—V.
for
Cincinnati, O., effective Feb. 1, it was announced by Howard E.
Gimpson, Vice-President in charge of traffic.
Mr, Hague fills the
post vacated by Frank T. Sturtevant who has been Freight Traffic
Manager at Cincinnati since October, 1945, and who retired from
active duty after 36 years service with the railroad.
EJmer
A.
Schofield, General Freight
Agent at Cincinnati since
V.
mechanical
to arrange companies in exact
However, they are always as near
position
approximately 2.12%.
Hague
H.
1943
$600,198
178,293
railway
from
Net
No.
possible
Appointments—
New
1944
$603,729
1—
Jan.
from
Gross
in
NOTE—For
Hartford, Conn.—Report-
authorized the company to assume obligation
and liability as guarantor,
in respect of not exceeding $3,310,000
equipment-trust certificates, series S, to be issued by the Girard Trust
Co., as trustee, and sold at 99.401. and accrued dividends in connec¬
tion with the procurement of certain equipment.
The report of the Commission states in part:
The applicant invited 93 prospective bidders to bid for the purchase
of the certificates, the bidders being icquired to specify the rate of
dividends to be borne thereby in multiples of '/s of 1%
per annum.
In response thereto four bids were received.
The best bid, 99.401 and
divs., from Jan. 1, 1947, to date of delivery, based on a rate of 2%
i>er annum, was made by Halsey, Stuart & Co. Inc., and has been
accepted. On this basis the average annual cost of the proceeds to the
applicant will be
1945
ra.iway
railway
oper.
Frcm
-Earnings
Maine
i946
$532,562
135,211
.rom
from
Mr.
14
Jan.
on
a
3423.
p.
Net
6 should be detached from the bonds and presented lor
the State Street Trust Co., Boston, Mass., or the Chase
National Bank of the City of New Ycrk, New York, N. Y.
Interest on
registered bonds will be payable to holders of record at the close of
business April 30. 1947.—V. 165, p. 679.
above.—V. 164, p. 3138.
Life Insurance Co.
Baltimore & Ohio
ICC
sinking fund bonds,
called for redemption on-
mortgage
been
ment.
Automobile Insurance Co.,
The
£ci
loO.
GroSo
directors.—V, 165, p. 334.
See Aetna
517,929i
575,069
102 anu interest. Payment will be made at The Bank
in Ha.Lex, Sa.nt Jonn, Montreal or Toronto, Canada.
December—
at
payment
1.40,
Mare..
Canadian Pacific Lines in
follows: March 2, Jane 1 and
payable on
Coupon
Co.—Two New Directors Elected—
Kenneth R. Brown, Director of Research, and James R. Frorer, Gen¬
eral Manager,
Industrial Chemicals Department, have been elected
1,
first
have
4v*%
dated
No.a
amount.
Atlas Powder
1,835,843
Ltd.—Calls 4V2% Bonds—
outstanding
tne
A,
V.
—
mortgage
be
or
1,807,944
703,184
652,469
1,542,089
499,491
591,059
15,418
an
bonds at 4'/2% is $1,251,402, and that such interest
full on May 1, 1947.
No additional interest will be
these bonds during the year 1947.
The
amount of the contingent interest on each $100 of principal'
amount of series A bonds is $4.50, or $45 on each $1,000 of principal
due
income.-165, p. 204.
oper.
0.
Net
shall
36,361
M-rch i, next, at
Boston & Maine
come
1,347,526
^54.148
662,213
Canada Electric Co.,
£1!
RR.—To Pay Interest May 1—
The
directors have determined
that the amount of 1946 available
net Income
to be applied to the payment of interest on series A in¬
Co.—Files With SEC—
t Atlas Imperial Diesel Engine
The company
un'f. wejre
balanc of
31, 1945.—V. 164, p. 2954.
Montague said, new authorizations
total $14,000,000,
while $12,000,000 has been carried over irom the
1946 budget inasmuch as many 1946 projects were delayed because of
material shortages while rising building costs caused some plans to
be
changed.
These factors will also determine whether the entire
amount appropriated is spent in 1947, he added.
Mr.
Montague stated that work
now in progress includes combi¬
nation
milk and ice cream plants in New Orleans, La., and Miami,
Fla.; remodeling of milk plants at Pnoenix, Ariz.; rond du nae, Wis.:
Burlingarne,
Calif., and Houston,
Dallas and San Antonio, Texas.
Also
well
under
way
is a
$1,750,000 soy fractionating plant at
Kankakee, 111., and a $1,500,000 coffee and Hemo plant expansion
at Newport,
N. Y.—V. 164, p. 3410.
203.
♦Deficit.—V. 165, p.
ry.
and Dec. 20, 75 cents.
amount,
this
51,005
"DeacL—V.
5,278,915
1,161,300
3,952,602
234,772
82,950
railway
fiom
1943
$339,473
1—
From Jan.
Gross
1944
$480,894
'51,056
income—
oper.
1945
1946
$276,303
'-79,435
December—
make
1946
in
Montague,
G.
Of
directors.
past quarter
where he will continue to
Point RR.- -Earnings—
Atlanta & West
ment
the Santa Fe
had been chief surgeon of
hospital at Los Angeles,
headquarters.—V. 165, p. 678.
lines'
coast
Net
railway
irom
announcer/ that capital expendi¬
of $26,000,000
for new construction, improvements and equip¬
replacements in 1947 have been authorized by the board of
tures
newly created position
announced on
Appointment of Dr. W. A. Morrison to the
medical director of the Santa
Fe Railway was
Feb. 1 by G. H. Minchin, Operating Vice-President.
A member of the railroad's medical department for the
common
Payments
railway
irom
Net
interim dividend of 60 cents per
stock, payata.e March 1 to holders of record
50 cents each,
Sept. 3,
Appointed-
Medical Director
the
on
11.
Feb.
Theodore
©f
Gross
60-Cent Dividend — Plans to
New Construction in 194?—
declared
23,072
income---
oper.
From Jan. 1—
Declares
—
have
directors
The
operation since July, 1946.
has been in
area
Co.
Spend $26,COO,COO on
to St. Louis
the Chicago
machines and cut flowers was dispatched
Skyway service between Los Angeles and
calculating
©f
ry.
railway
from
Net
$161,069
$124,026
3,992
50,824
S 96,047
*30,403
1943
1944
$131,507
13,316
1945
1946
railway-..-
from
Net
$7,052,237, with
at the rate of $4.10 per
investment income, with a
irom
year
undistributed income on Dec.
of
Borden
Contract Freight Service—
Inc., on Feb. 3 inaugurated a contract air-freight
San Francisco and the Midwest, when a plane load
Santa Fe Skyway,
between
reports net assets of
Indiana RR.—Earnings—
&
December—
Gross
senc
Affiliate
Fe Ry.—Airway
Topeka & Santa
the
tiur.ng
made
$75,174
Inaugurates
eervice
units outstanding.
of Jan. 29, 1947, the Trust
70,466 units outstanding,
Distr.but.ons totall.ng $264,450,
etc.
Atchison,
Cambria
Value, etc.
market values of securities
held on Dec. 31, 1946 amounted to $6,950,332, an increase of $1,546,726
from the total of $5,403,606 at the close of 1945, it is shown by the
annual report.
The net asset value per unit amounted to $99.51 on the
69,848 units of beneficial interest outstanding at the end of 1946, which
compares with $105.73 per unit on
Dec. 31, 1945, when there were
the company based on
Total net assets of
1946.—V. 165, p. 678.
ment,
Trust of America—Asspt
Bond Investment
Water Works & Electric Co., Inc.—Output—
Power output of
the electric properties of this ccmpany for the
week ended Feb
1, 1947 totaied 97,590,000 kwh., an increase of
33.93% over the output of 72,862,000 kwh. for the corresponding week
■'% American
*——
(660,000 shares).—
-
$1,255,244
iX $1.90
790,093
$902,495:
69,175
346,789
3,575
$482,954
$0.73
SSSS-ii
.Volume 165
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4567
Central & South West Utilities Co.—Consolidation—
Central
See
South
&
West
Corp.
above.—V.
165,
527.
p.
>"
December—
Gross
Chadbourn
The
for
company
Hosiery Mills, Inc.—Files With SEC—
($1
Vice-President.
Offering
—V.
filed
30
par)
$12
notification
with
the
Proceeds
the
to
go
selling
stockholder.
ry.
railway
railway.
from
Net
1945
$1,098,422
CONSOLIDATED INCOME STATEMENT
(Company and Subsidiaries)
1944
1943
$1,157,913
$996,307
$1,178,993
446,964
*1,176,641
582,578
*1,233J5Q
456,276
492,069
13,228.935
13,196,914
14,244,001
12,796,775
5,424,417
income...
4,490,137
"Deficit.—V. 165, p. 204.
4,439 760
7,458,327
6,594,941
3,356,98i
6,094,811
from
ry.
railway
oper.
for
Colonial
$75,000
holders
of
letter of
a
notification
with
convertible notes to be offered
underwriting.
Proceeds
will
be
without
par
filed
30
4V2',
2-year
at
acquisition
bank
Jan,
on
property
and
improvements
or
the
the
SEC
stock¬
to
used
discharge
for
of
all
loans.
Chesapeake & Ohio Ry.—Neither C. & O.
ghany Controls Central*, Says Official—
Robert
Vice-President of the road, told
neither Alleghany Corp. nor C. & O.
Purcell,
Feb.
4
New
York
that
has
of
snares
issue
been
He
testified
also
The
Transfer
agent:
Trust,
New
Central
•owned
mission
shares
in
•Alleghany
Hawkes
interest
said:
wise
or
would
(R.-N.
"1
had
perfectly
am
the
for
the
If
asked
J.)
(R.-Ind.)
Capehart
Plate.
Purcell
Interstate
Aheghany
control
of
Nickel
the
of
Nickel
of
control
of
57'''
whether
said,
Commerce
it
told him that
to
control
York
New
oi
it
will
Com¬
true
was
am
was
be
in
that
would
it
sure
the
Plate,
rriles.
the
case.
the
The
of
would
be
ilie
at
system
of
D.
charge
sn
Feb.
1,
owned
by
the
to
position
new
the
for
sales
announced
Assistant
of
at
company
Jan.
on
31
by
General
A.
S.
Fassenger
General
agent
Passenger
at
Agent
Richmond,
Va.,
effective
Traffic Vice-Presi¬
Genet,
dent.
The
position has been
new
in connection
created
with the railroad's
and modernize passenger service,
associated with the passenger
program
to
expand
James
B.
Mr. Genet said.
and freight de¬
Kincaid as Assis¬
Edmunds,
for
partments
General
tant
number of years, will succeed Mr.
Agent in Washington.—V. 165,
a
unissued.
are
Passenger
680.
p.
from
Gross
from
Net
will
by
will
be
be
Mr.
1945
1944
1943
$2,325,789
48,694
211,691
$2,372,137
747,10b
471,755
$2,620,291
504,465
180,135
Net
27,105,784
by
Jan.
29,415,460
7,288,162
2,608,378
30,186,963
9,183,016
3,357,724
30,432,425
11.623,418
3,723,331
Net
from
Net
ry.
—V.
1—
from
railway
4,012,109
railway
1,856,096
income
oper.
$495,000
shares.
Gravel
Corp.,
reasons
it is not always
companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible.
of
York
Net
from
Co.,
Inc.
in
B.
was
Net
ry.
Jan.
From
Gross
entire
capital
from
Net
ry.
11,556,500
13,490,160
of
ready
3,005,999
4,147,267
4,474.028
*594,943
1,716,939
2,415,936
2,909,831
income
oper.
"Deficit.—V.
165,
and
its
from
Net
from
Net
ry.
Gross
from
Net
from
Net
ry.
2,324,106
*836,035
6,301,918
549,259
*9,260 582
1,331,882
*2,461,225
income
railway
159,932,402
74,923,371
26,079,690
55,962,109
16,633,852
income
oper.
192,046,910 190,401,106
37,066,284
22,195,944
176,644,686
71,669,580
36,794,983
"Deficit.
U.
Court
Circuit
of
at Chicago has taken under
District Court decisions concerning
Appeals
Federal
appeals of two
with
devoted
$13,000
but
and
name
miles,
suppliers
the
will
receive
of
the
of
As
grit
the
The
took
also
court
under
file
to
advisement
brief
a
the
intervening
application
in
the
of
case
of
friend
a
Net
ry.
Jan.
the
purchases
the
be
devoted
Of
devoted
of
purchase
—V.
1947,
and
to
the
con¬
following is
the
dollar
of
purchase
organized
was
Sand
&
in
Co.
Stone
&
Gravel
subsidiary
all
Net
North
Shore
Sand
the production of sand,
or
all
of
sale
such
and
substantial
these
in
amount
and
of
this
area
communities.
company
of
OF
well
as
cement
as
had
sepa¬
approximately
Company is the
but
The
unfilled
a
of
has
competition
combined
orders
capa¬
of
sand,
and
the
amounts
sales
the
sales
of
NET
SALES
the
in
company
terms
sold:
OF
PRODUCTS
$367,114
$678,366
155,729
118,222
339,437
20,290
13,814
21,658
27,730
32,451
57,167
$1,441,419
$817,475
$1,096,630
761,669
646,041
1,781,325
534.327
367.981
1,050,933
930,255
63,852
22,529
33,151
157,450
3,757,334
1,764,148
2,370,760
4,160,300
$4,695,888
$2,916,328
$4,100,885
$7,029,331
376,153
--
Concrete
$531,602
340,373
Cement
571,419
936,127
—
tTotal
iOther
.
.
-
-
The
Court
Supreme
S.
U.
on
Feb.
decided not to
3
review
"Products
a
case
(brought by a bondholder of the company challenging the fairness of
the reorganization plan.
Gerald Axelrod, representing a group of individual owners of 4V2 %
convertible gold bonds, had sought to reopen the
is now before the Circuit Court in Chicago
-which
reorganization
on
an
case,
appeal from
by the District Court.
The District Court refused coriSirmation of the plan, ordering a securities buying program instead.
Tt directed the reorganization case back to the Interstate Commerce
actions
two
The
'Commission.
denied
rand
a
decided not to consider the case
Axelrod for a writ of certiorari.—V. 165,
Court
Supreme
petition
to Mr.
Net
&
Omaha Ry.—Earn¬
ings—
1945
1944
1943
$2,397,860
$2,155,629
$2,031,128
Gross
Net
from
from
$2,245,510
443,417
*47,634
383,350
"590,577
541,769
*200,587
151,321
*701,876
27,318,375
28,150,035
26,971,509
27.273,328
3,401,333
6.376,123
6,451,720
7.083.795
927,556
railway
3,176,542
3,453,622
3,898,532
railway
.Net ry. oper.
income—
From Jan. 1—
Gross
Net
from
from
Net ry.
railway
railway
oper. income__
V. 165, P.
"Deficit.
Cities Service
680.
Co.—Committee for Preferred—
Falco and Maurice P. Geller, ail of New
committee to represent preferred stockholders
in
the proceedings
on the company's corporate
simplification plan
mending before the SEC.
The committee has asked the Commission
ito
authorize it to solicit authority from preferred
stockholders to
represent them.—V. 164, p. 3283.
John
"York
J.
Renzo
Fitzgerald,
have
formed
a
&
in
Gravel
than
up
$4,305,223
$5,568,615
$9,052,311
part by the company or its
tProducts
Corp.
(except
corporation was required to deliver not more
yards of 34-inch and smaller sizes of stone and
that
cubic
the year
agreed to
to 800,000 cubic yards of crushed stone of all sizes during
ending
Dec.
.purchase
the
31,
from
also
It
in scow lots,
York
all,
the
of
the
Under
1946.
stone
no
Corp.
New
In
an
which
to
209,000
any
contract,
the
company
the New York Trap
refrain from selling stone so pur¬
affiliation between the company and
supplier other than
agreed
to
Tlffere is no
Trap Rock Corp.
operates
company
approximately
12
11,800
concrete plants with
cubic yards of mixed
combined
concrete in
a
the
agreement, Generoso Pope has agreed
in the form of warrants to pur¬
shares of outstanding common stock
of
the company owned by him for $5.25 per share
(subject to ad¬
justment in certain events) at any time during the three-year period
expiring Feb. 1, 1950.
These wararnts are being purchased by the
underwriters at 10c per warrant to purchase one share.
sell
chase
to
an
the
purchase
underwriters
aggregate
of
options
30,000
the same price, to Jacob I. Goodstein
his counsel, to Paul Porzelt, Syndicate Manager of Emanuel, Deetjen
& Co.,
and to Poletti,
Diamond, Rabin, Freidin & Mackay, counsel
to
the company, similar warrants to purchase an aggregate of 5,000,
6.000, and 24,000 shares,
respectively, of outstanding common stock
owned by him.
Mr.
Mr.
New
Pope
is
also
selling,
Pope has agreed
York,
as
(& Subs.)—Earns*
from
gain
$9,356,900 $10,912,627
3,560,000
$4,308,627
$5,796,900
$5,345,641
$3.38
deduct.
for possible Fed.
6,604,000
$5,796,900
operations
from the disposal
after
Dec. 29,'45
extraordinary
$3.11
of radio
conting.
thereon
$350,000
taxes
income
1,037,014
for
per
share from extraordinary gain
tEarnings
per
share from operations
$0.60
"Preliminary estimated results.
of
$2.50
Declares
The
share
the
Feb.
on
tCalculated
outstanding
as
upon
of Dec.
$2.51
the 1,717,352 shares
28,
1946.
Dividend—
50-Cent
directors
on
stock
value
par
$3.38
declared
5
cash
a
dividend
of
501
cents
and B stock of $2.50 par value,
present class A
1947, to holders of record Feb. 21 1947.
Payments in 1946 were as follows: March 8 and June
each; Sept. 6, 50 cents, and Dec. 6, $1.—V. 164,
2541.
per
payable
7,
7,
40 cents
Patent Fire
Colt's
Graham
H.
Anthony,
Arms Mfg.
Operations
essentially
Arms
continue
from
Division,
rehabilitation
have
We
President,
to
show
a
less. These losses result
and idle plant expenses, of the
re-engineering, re-tooling, plant
heavy stand-by
well as from the
as
rearrangement
said in part:
substantial
the
and
Co.—Interim Report—
Jan. 21,
on
programs.
been
gradually expanding small arms production since
resumption of operations in July, 1946. Satisfactory progress can b»
reported in the re-engineering and re-tooling of the entire line of
peace time pistols, revolvers, and dishwashing machines.
The Plastics
Division has continued to expand sales despite raw material shortages.
Shipments of the Autosan Division, although plagued by shortages
in electric motors, have likewise been improving.
the 16 weeks ended Dec. 1, it has been possible to re¬
some
extent the company's position in the small arms
field, to absorb more overhead and reduce the extent of current
periodic losses during this difficult time.
Looking to 1947, it is not anticipated that the Arms Division will
be
in
full production before midyear at the
earliest. Expenditures
During
establish
to
regard
small
connection
and re-tooling the company's new line
dishwashing machines will continue to be heavy
a
major part of necessary expenses in
the extensive repairs to plant buildings and plant
re-engineering
to
arms
that
until
and
time.
with
Likewise,
first several months of the new
Until its programs of reconversion have been accomplished
and
full
production is achieved, the company will continue to be
forced
to
sustain substantial
charges for idle plant expense, and
rearrangement will be incurred in the
year.
unallocated overhead and administrative expense.
is not furnishing at this time the usual interim
comparative balance sheet, since it does not reflect the
results
of its physical inventory and other
year-end adjustments.
Although these factors are not expected to be of major consequence,
the company believes it advisable to defer submitting financial data
until after these adjustments have been made,
and the annual audit
stand-by
The
or
company
condensed
completed.—V.
164,
p.
2014,
Southern Corp.—Offers New Plan
Northern Unit Shares for Pre¬
—Proposes Exchange of
ferred
The
Stock—
corporation has filed with the SEC a
preferred stockholders involving common
to
its
Northern
Commonwealth
its
substitute exchange offer
share holdings of three of
subsidiaries.
proposes
outstanding
to offer to
preferred
stock,
$6
exchange for each two shares
series (no par), up to and
400,000 shares of such stock, the following: three shares
of the common stock (no par) of Consumers Power Co.; two shares of
the common stock
(par $8) of Ohio Edison Co., and two shares of
including
the
common
stock
(no
par)
of
Southern Indiana Gas & Electric Co.
plan of exchange is voluntary and no stockholder is required
accept the offer.
The offer will be mailed to the holders of record of the preferred
stock of Commonwealth and will remain open until the close of busi¬
ness on
a date not
less than 15 days after the final date of mailing
The
to
MM
1
offer, or until such earlier date as 400,000 shares of the pre¬
stock of Commonwealth
have been deposited for exchange.
If 400 000 shares of the preferred stock of Commonwealth have not
been deposited for exchange by said date, the offer may be extended
for such additional period, not exceeding 15 days in the aggregate, as
Commonwealth
may
determine,
unless further extended with the
of
the
ferred
eight-hour day.
OPTIONS—In
to
and
Earns,
of
pursuant
capacity
1946
December—
produced
Sand
chased
St. Paul Minneapolis
Chicago
$6,513,462
subsidiary, North
for some ingredients
concrete) purchased by the company and resold.
XIncludes Slag,
Fill, Top Soil, Rubbish and Cinder Removal, Truck Hire and Snow
Removal, Crane Hire, Hoisting, Stevedoring, Mortar, Miscellaneous.
The company had a contract with the New York Trap Rock Corp.
Shore
.
1,792,692
708,984
331,342
605,568
344,787
period
earnings per share
Total
of
Rock
335.
IP.
total
24,358
1,704,833
taxes
Commonwealth &
Grand
20,545
1,524,718
494,732
233,508
"Dec. 28,'46
Federal
WBT
provision
of
Supreme Court Refuses Review of Plan—
1943
$170,481
92,385
90,402
926,349
-
_
58,265
70.
before
in
$613,725
_
1944
$153,360
47,071
24,271
income-—
p.
of
1943
62,012
_
-
1945
$130,821
especially
for
53,867
"Total
of
pro¬
Ry.—Earnings—
as
1944
_
__
interest
financing
1.392,3G5
463,411
257,426
railway
station
contractors
316,801
Grit
best
1—
Extraordinary
delivery, in the
1945
_
covering:
stock has
materials,
materials,
construction
various products
.
the
61,258
railway
income
March
in
the
of
Corp.
$1,008,738
--
in
the proposed
1080.
p.
1946
oper.
165,
be
would
164,
$135,629
income—
Jan.
it
indefinitely
said.—V.
the disposal of radio station WBT
Prov. for Fed. income and excess profits taxes_
The
Nov. 30,(''46
Sand
20 and
preferred
New
ll Mos. End.
Gravel
Aug.
of
year, the company acquired
Investing Corp. and the latter
the company acquired the
in
(2)
of
various
VALUE
the SEC
convertible
gain from
pur¬
area,
including parts of Westchester,
Company sells cement as an ingredient
the
determined
postpone
railway
from
Income
same
builders
analysis
an
amounts
•
with
52 Weeks Ended—
remaining
$50,000 will be
balance will be added
the
Colonial
Sand
and
the
Elevator Co.—Registration State¬
Columbia Broadcasting System, Inc.
prop¬
of
the
to
the
is
15,
had
to
oper.
From
Gross
the
amounting to approximately $14,634,000 in connection with the certain
projects.
Alleghany
as
from
approximately
Shore
concrete
in
$150,719
cumulative
railway
from
Net
approxi¬
sale
ocmpany
and
$50)
company
from
reorganization.
Corp. for leave
the court.
Gross
ry.
a
mixed
29,723
55,061
v,
statement filed
Colorado & Wyoming
Net
conducted in a land area
population of 7,600,000.
with
*$205,198
December—
Net
1941,
to
no
are
directors
the
gram,
775,000
ordered.
In
trucks,
sells
$127,739
2,902
158,786
680.
p.
(par
company
financing
to
will
already
will be
cranes
In
counties.
44,649
*$175,474
withdrawn.
The
metropolitan
Suffolk
Operations
Cinders
Plan Taken Under Advisement—
on
S.
radvisement
be
wholly-owned
Stone
Appeals
The
the
cinders
supplier of
Mixture
railway
171
DOLLAR
1—
Jan.
its
$12,189,855 $15,603,989 $14,789,917
3,697,337
railway
oper.
From
two
North
1943
1944
1945
$14,064,069
York
square
The
1946
railway
been
the
125,000 unissued
and its subsidiary for the production
approximately 6,100 cubic yards daily,
production capacity of the company's mixed concrete plants
to approximately 11,800-cubic yards daily.
of
December—
connection
will
concrete
of
and
mixtures
item.
Chicago Rock Inland & Pacific Ry.—Earnings—
Gross
mixed
New
gravel
69.
p.
775,000 shs.
1,000,000 shares
approximately 67.7%
65,000 are subject to
proceeds
engaged principally < 1)
dry mixtures of some
of
fleet
stone
the
13,204,255
1,133,738
net
1937.
of
are
grit,
of
11,457.996
railway
shares,
the
company.
and
company
smaller
*275,602
railway
stock
Gravel Corp.,
and
the
12,349
$150,291
22,551
$323,679
165,
shares
shares
company
in
under
*$220,123
13,936
taxes
Withdrawn—
outstanding
this
or
the
as
of
7,745
$137,941'
$203,682
2,842
inc.
registration
70,000
Less:
1911
into
cities
45,038
of
525,000
BUSINESS—Corporation
Simpson, Inc. in
from
38,295
125,0000
the outstanding shares of Forange
1943
1—
from
Net
11,
$1,132,261
"134,695
income
oper.
and
these
equipment
purchase
Fed.
$194,746
"Options."
approximately
AND
merged
largest
"134,399
of
acquired the business and properties of Lenox Sand & Gravel
Manhattan Sand Co., Inc. and Norton-Keating Sand Co.,
1927; of Mahoney-Busch Sand Co., Inc. in 1928; and of Em¬
Nasau
128,473
Outstanding
Inc.,
all of
in
6,048
1,354,004
-
!•'■/; 392,635
2,855
_
_
Colorado Milling &
company
crushed
51,458
railway
$5,002,634
$485,308
_____
profit
The
17,
that
$75,000
heavy
the
to
1944
$871,008
$1,069,404
and
$1,061,148
1945
1946
railway
for
Net
FINANCING
amount,
subsidiary
a
other
Sept.
11,000
from
1944
,
f' 3,468,372
1,056,176
299,655
11,334
28,644
deductions
Prov.
Guar¬
working capital.
rate
December—
Of
the
approximately $125,000
approximately 10 delivery trucks
of
Gross
Pope.
this
mixers
company's
Chicago Indianapolis & Louisville Ry.—Earnings-
166,032
$482,452
income
"Loss.—V.
550,000
Jan.
which
5 197,000,
and
mechanical
arrange
OF
consisted
completion
of
cash
in
Of
crete
chase
gravel
to
On
On
estimated
Approximately
The
NOTE—-For
1946,
which
company
under
erty.
6
703,218
off__
on
approximately $210,000 will be used
immediately to discharge the balance payable (not due) on t*e notes
(including balance of principal and accrued inteerst), mortgage and
chattel mortgagee given by the
company
and North Shore Sand &
165, pi 204.
possible
Mr.
is
125,000
met
income
oper.
ry.
From
Gross
Registrar-
shares being offered include
the
Pope.
described
HISTORY
$2,414,977
554,494
1,163,804
railway
by
outstanding,
owned
devoted
1946
railway
30.
of
Pope.
additional
sold
sold
agreement
to
December—
York
1,000,000 shs.
Nov.
at
par)
The 250,000
being
being
Chicago Great Western Ry.—Earnings—
-
New
COMPLETION
Generoso
mately
C.,
of
was
Bank
Authorized
at
($1
written
income
Other
'
UPON
stock
Kincaid,
B.
C.
250,000
at $5 per share.
The
the shares offered,
shares were outstanding
1947, the company made
distribution of an
100,000 shares of its common stock to
Mr. Pope.
While such distribution took the form of a stock
dividend
it accomplished
in effect a split-up of the
company's common stock'.
In eonnecpon with
this transaction, there was transferred from
surplus
to
capital account
the
sum
of
$100,000, being the
aggregate par
value of the shares so issued.
Of the 1,000,00 shares of common stock
now
authorized, 650,000 shares are outstanding and 350,000 shares
and
shares
Promotions—
Washington,
National
($1 par)
stock
PURPOSE—It
Promotion
Cnase
capitalization
common
acquired, it
Alleghany
756,340
188,998
1945
'
Of
,
Common stock
shares
be
2,484,750
profit
Total
ment
public
Central and
York
New
said
He
this
not
Central
and I
Plate "
Plate
would
it
suie
subject to approval by ICC,
be
expense
owns
shares, Mr.
to
the New York Central and the Nickel
from Buffalo to Chicago, a distance of 535
parallel
Sen.
Purcell
Nickel
These
trust pursuant
both
controls
run
said
Mr.
Central.
of
voting
a
Albert
•which
Alleghany has no representative on the New
no right to interfere with its management.
being quizzed by the Senate Interstate and
was
regulations.
Sen.
He
that
official
309,500
deposited
(par $1)
York.
CAPITALIZATION
board and has
O
Commerce Committee on details of Alleghany's purchase
stock.
The
holding company announced last week that
Foreign
foe
&
C.
stock
125,000 are on behalf of the company and 125,000
behalf of Generoso Pope, President of the
company.
.
York Central
& Co. on Feb. 4 offered
RR.
Central
$3,999,859
1,407,005
& admin, exp.
debts
Gross
oversubscribed.
the
of
Bad
Stone Co.—Stock Offered—Emanuel
common
has
Committee
control
Sand &
Deetjen & Co. and Allen
anty
Senate
a
Alle¬
nor
$2,499,697
disc:,
expenses
•Sell. gen.
Other
SEC—
company
June 30,'46
$3,410,789
1,982,997
less
WfM
'
—Calendar Years— :
5,232,725
Net
Chesapeake Airways, Inc., Salisbury, Md.—Files With
The
sales,
Operating
from railway
6 Mos. End.
Nov. 30, 46
Gross
Cost of goods sold
From Jan. 1—
Gross
5 Mos. End.
621,534
372,875
incone___
oper.
Net
2283.
p.
1946
from
Net
SEC
stock on behalf of R. H. Moeller,
S. Dickson
& Co., Charlotte,
N. C.
J.
share.
a
letter of
a
commQn
Underwriters,
price
164,
Jan.
on
shares
800
807
Cliiichfield RR.—Earnings—
escrow
at
to deposit with Continental Bank & Trust Co.
65,000 shares of common stock owned
agent,
by him against the exercise of these optiqns.
'
j
approval of the Commission.
"
;r
%
Deposits by the owners of preferred stock of Commonwealth will be
accepted in the order of receipt. The offer of exchange will be limited
to 400 000 shares of the preferred stock of Commonwealth.
The first
deposit which would result in exceeding such limit will be subject to
appropriate reduction. Commonwealth will reserve the right to reject
all deposits if less than 300,000 shares of
its preferred stock are
deposited for exchange.
The offer of exchange may be accepted by an owner of preferred
stock of Commonwealth by depositing the certificates for the shares
i
of
preferred ctock to be exchanged, accompanied by the form of
acceptance of offer of exchange prescribed
by Commonwealth by
depositing the same, not later than the close of business on the last
and Financial Chronicle (Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Park Place, New York 8, N. Y., REctor 2-9570. Herbert D. Seibert, Editor and Publisher;
D. Riggs, Business Manager. Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Mondayl. Other
(Telephone: State 0613): 1 Drapers' Gardens, London, E. C„ England, c/o Edwards & Smith. Copyright 1947 by William B. Dana Company, Reentered
as second-class matter February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879.
Subscriptions in United States and possessions, $35.00 per year; in Dominion of
Canada, $36.50 per year; South and Central America, Spain, Mexico and Cuba, $38.50 per year; Great Britain, Continental Europe (except Spain), Asia. Australia and Africa, $42.00 per year
NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
'
;
M *1
Dana Seibert, President; William
135 S. La Salle St., Chicago 3, 111.
,
■
MS,rtrEJ*MM'r" '•»■
1
1
fej
The Commercial
William
offices
J
1
SSft
::
day of the period during which the offer remains open, with
|; Trust Co., exchange agent, 16 Wall St., New York 15, N. Y
1946,
increase
Operating
expenses
depreciationp.t. acquis.
for
Prov.
adjustments
Depreciation
Taxes, other
General
i
taxes__j
taxei
Federal
income
_
(. 27,900,613
of
50,453,667
55,719,666
subsidiaries
of debt disct.,
1,144,333
1,134,129
Divs. on
62,393
94,065
789,§06
190,873
9,019,145
10,226,691
759,388
705,723
205,665
Other deductions
8,852,456
685,833
Appropriation to special .property
165,
$15,784,928
1,200,000
reserve
$14,584,928
stk. of par. corp.. $31,795,681
Balance, bef. divs. on pfd.
—V.
680.
p.
Insurance
Life
General
Connecticut
B.
Frazer
in
President,
said:
Wilde,
statement,
Co.,
Hartford,
Other
life
insurance
The year-end figure was
force,
in
$2,102,-
to
of
of
This
increased to over $550,000,000 during 1946.
growth of assets is accompanied by a corresponding growth in
liabilities.
reserve
after World War II and the
the year reflect the transi¬
tion
from a war economy
to that of peace.
In 1945 Connecticut
General placed approximately $73,000,000 in U. S. Government bonds.
the first full peacetime year
investments made by the company during
"1946
was
$6,000,000 was so invested.
Mortgage loans made
during 1946 were approximately $53,000,000 as against only $29,000,000 in the year before.
Of these loans approximately $9,500,000 were
During
only
1946
'GI* classifications."
in
V.
165,
A further reflection of the investment
of corporate bonds in the amount of
approximately $64,000,000, compared with $59,000,000 in 1945.
"In
1946
the company further increased its special reserve from
$7,000,000 to $10,000,000.
As additional safety factors for policyhold¬
ers
and beneficiaries, the company maintains contingency and sur¬
plus funds, and these wzre both increased during 1946.
"New life insurance put in force during the year, totaling $285,891,768, does not include amounts added to group insurance plans which
were in effect before 1946.
These additions were substantial and re¬
flect the acceleration during the year of industrial reconversion. Group
national prosperity.
is
trend
in
as
purchases
in
found
insurance
:
1,073,860
5,818,449
35,247,099
29,922,976
2,241,800
force
reached
all-time high.
an
"Total premium income for the year was approximately
for the year before.
While premiums received for life
higher, premiums for annuities were lower.
the same
insurance
were
"Total
income
was
slightly lower in
due to the fact that 1945 saw
an
1946 than
in 1945.
This was
unusual number of bond refinancing
operations by corporations. Many of the bond issues involved in these
operations were redeemed at figures which showed a profit on the
company's books.
Refinancing in 1946 was considerably less.
Such
profits are included in total income.
Reinvestment of these funds had
to be made
at
a
decrease
in
interest
Light & Power Co. of Bait.
Electric
operating
operating
$42,633,634 $41,519,289
12,517,453
12,183,147
1,141,079
1,090,540
revenues
revenues
neating operating
Steam
Total operating
revenue
33,088,031
5,392,487
expenses
amortization
and
Depreciation
30,877,839
6,631,071
7,988,649
"Taxes
Operating
$10,401,208
$9,295,416
642,343
income
670,441
income
Other
deductions
income
$9,965,858
3,535,913
$11,043,551
3,393,515
income
Net
$7,650,036
$6,429,945
$5.46
income
$4.41
Earnings per common share
"Taxes for
and
1946
A
reduced $1,358,422 because of
were
discount, premium
$44,660,000 series N and series O 3(4 % bonds re¬
of the premium and expenses incurred in redeem¬
of
expenses
deemed.
portion
tax reductions, has been included
in income deductions. The $1,462,351 remainder of such premium and
expenses has been
charged to surplus.
In 1945 similar transactions
reduced
taxes $999,952.
Income deductions reported for both years
include amounts equivalent to the tax reductions, resulting from the
expenses or losses on the aforementioned transactions.—V. 165, p. 70.
such
ing
equivalent
bonds,
to such
of 2.5%
crease
declared on the common
stock, payable Feb. 20 to holders of record Feb. 11.
In each quarter
during 1946, the company paid a dividend of 50 cents per share..
Irving B. Babcock, Chairman of the board, states: "Future earnings
are largely
dependent upon continued procurement of aircraft by the
military
services,
large-scale equipment program by domestic
and
foreign air carriers, and public demand for personal aircraft. Because
of the uncertain conditions in these markets at the present time,
the
board of directors feels that a reduction in the dividend payment is
in accordance with sound business practice."—V. 165, p. 205.
of
dividend
A
cents
25
share has been
per
EARNINGS
FOR
3
AND
12
1946—3 Mos.—1945
$
$
MOS. ENDED DEC.
31
1946—12 Mos.—1945
$
$
Operating revenues:
electricity—
of
Sales
Sales Of
>
gas
Sales of
fcteara
Other oper.
revenues.
63,809,418
11,565,723
3,754,094
673,811
61,233,285 249,441,974 235,664,410
10,928,092
47,132,071
44,165,717
4,472,565
13,941,770
15,176,509
704,098
2,649,963
2,785,573
revs
Operating
expenses
Maintenance
...
79,803,046
36,447,820
77,338,040 313,165,778 297,792,209
31,216,136 129,686,145 115,004,412
income
11,842,823
*Fed. income tax (estd.)
income
Oper.
Non-oper.
Gross
Int.
8,273,938
10,114,233
29,207,954
30,726,621
34,008,933
34,508,933
other than Fed.
Taxes,
-s
8,423,354
9,615,233
Depreciation
income
income
3,649,800
9,824,016
103,150
11,246,852
1,210,000
47,308,491
21,250,000
15,276,881
51,704,255
165,340
426,724
9,927,166
long-term debt.
int., amortiz. of
debt disct. & exp. and
on
15,442,221
52,130,979
3,611,742
3,803,671
14,566,865
47,187,311
16,360,000
54,004,932
409,024
54,413,956
15,919,931
Other
'
expenses
for
Prov.
misc.
Amortiz.
of
General
413,250
Int. chgd.
Minor,
int.
564,417
1,249,044
1,578,523
257,000
5,120,000
257,000
1,081,286
26,748,812
6,551,500
105,146
3,530,804
2,628,001
3,273,755
8,538,749
4,696,478
■
{
j
in
Cr334,379
Crl44,472
income..
Int.
of
debt
and
prem.
289,058
37,354
Net
37,146
447,856
6,346,318
64.297
Cr6,372
99,544
$422,728 $14,183,853
2,465,194
$7,117,016
3,184,912
$217,270 $11,718,658
$3,932,104
debt.
disct.,
expense
deductions
Other
292,453
CrlB.486
long-term
on
Amortiz.
income
$1,284,713
pfd. stock
on
205,458
205,457
Balance
—V.
30,256
5,645,174
6,288,512
(000
Sales
of
s
elec.
(kwh.)—
Sales of gas (cu. ft.)—
Sales of steam (pounds)
$123'°°0
pending
2,335,876
11,448,551
3,488,070
^
2,053,108
10,826,188
Court
4,327,848
1946
and
In provision for Federal income tax.
company's
pay
plant
a
the
165,
RR.—Acquisition—
acquisition
the Passaic
by
Delaware,
tne
Extension RR.,
& Delaware
681.
p.
RR.—Supreme Court
order
plan,
last
of
30
into
the
and,
Oct.
Reed,
courts
put
Circuit
the
at
refusing
delivering
further
on
Feb.
on
effect
of
Court
delays
by
in
the
ordering
a
delay.
Appeals staying
upheld a District
the plan of the ICC.
time,
same
remand
to
the
3
without
Court's
majority
view,
ex¬
perfectly
organization
programs
the
G.
this
of
D.
are
&
R.
of
W.
in
a
instance
had
failed
existence
the
show
to
changed conditions since last June which would necessitate revision
of
the
plan
"We
do
this
in
of
implied
last
R.
therefore
in
the
of
that
lone
that
the
in
dissenter
statement
Reed
be
justified
8
to
1
Truman
opinion,
had not
would
reexamination
declared.
the
minority
a
W.
could
this
think
Justice Reed
Frankfurter,
session
G.
reorganization.
not
case,"
Justice
President
if
Railroad
Congress,
Reorganization Bill, passed by the
Court could not have upheld the D. &
the
plan.
consideration
hardly
have
of
public
been
underlay
which
policy
that
measure
he said, "for the inequities
extensively cited in Congress
disregarded,"
plan
reorganization
very
Mr.
Frankfurter's
wore
dissent
functional
remoteness
in
to
relation
that
single-minded
and
of
railroad
a
characterized
Hill
of
as
attentiveness
great railroad
Willard."
and
like
men
majority
ruling
declared
that
provided
a
proper
basis for
valuation
that
and
the
record
10,
fails
of
account
on
June
in
Edward
The
tion
the "geographical
and
interests in New York,
Colorado and Utah, bars
pioneering
enterprise
which,
suggested
that
financial
powerful
system operating
Harriman,
H.
James
J.
Daniel
show
to
changed
record
the
allocation
and
sound
"any
circumstances
shows
of
basis for a
between
the
ICC
securities
reexamina¬
Mav,
1941,
and
1946.
Counsel
D.
R.
&
issue
ruling
Continental Can Co.,
Hans
A.
acquired
Eggerss,
the
net
Inc.—Acquisition—
President,
assets
announces
the
of
this company on
that
Hummel-Ross
Fibre
Corp.,
of
Feb.
Hope¬
kraft sulphate
paper and liner board.
The mill will be used to supply raw materials
for fibre drum and barrel manufacture in
the Van Wert, Ohio and
Reading,
Pa.,
plants of The Container Co.,
one of Continental's
well,
Va.,
principal
The
ental
at
of
of
involving
four
for
metting of
exchange
an
shares
of
stockholders of
latter
approval by the board of
plan, 293,780 shares of the
Continental
mel-Ross
common
three shares
of
Hummel-Ross common
the
prior
this
cylinder
and
Fourdrinier
subsidiaries.
transaction
common
a
ing
manufacturers
company
directors
on
of Contin¬
was approved
Feb. 4, follow¬
Dec. 6. According
but unissued shares
Hum¬
on
authorized
will be exchanged
for 391,705 shares of
common.
the insurance
W.
system
that
further
the
Some
the
to
Hummel-Ross mill.—V.
—V.
Co.—January Sales Up 2.8%—
1947—Month—1946
$1,126,574
$1,095,101
1947—4 Mos.—1946
$5,343,114 $4,862,345
The
in
company
which
W.
calls
will
The
Rys.—Time for Deposit
Extended—
165, p. 70.
Co.—Time for Deposit
has
company
kw
of
the
extended
to
and
Extended—
including
April
30,
1947 the
—V.
bonds of Cuba Northern
Procedure for Deposit of
to and including April 30, 1947.
period within which the first mortgage
Co. may be deposited under the
Railways
20,
1940
165, p.
has been extended
70.
the
Court
to
securities issuable
by April 1, if no!
new
Expenditure of $96,000,000
the
Feb.
14.
at
of
of
two
total
the
the
1947
construction pro¬
to increase the
Expenditures for
since
1930, James
four-year
a
$96,000,000
of
by
system
22.4%.
the
highest
the
come
final
also
100,000 kw
of
with
be
are
on
a
75,000
the Tren¬
to go into service
stacks and other
turbine-generators at
these is scheduled
housing, boilers,
from
program
payment
plant which was placed in.
will come the first payment
Marysville
that sum
ccst,
will
equipment
necessary
of
will
The first
plant.
Their
the
$20,000,000,
Out
installation
Channel
1949.
announced
expenditure
of
said.
$20,009,000
turbine-generator
ton
in
January
for
capacity
President,
the
operation
$26,000,000 to $30,000,000.
divided approximately as
follows:
substations—$7,000,000; transmission and distribu¬
tion lines, transformers and meters—$10,000,000; buildings, steam heat¬
ing and gas extensions and construction and automotive equipment—
Power
plants
and
$3,000,000.
power output
in 1946 was 2(/2%
over 1945
December the output hit an all-time high,
requirements of the war days when industrial
plants were running around the clock.
The two turbine-generators 10 be installed at Trenton Channel will
be the largest
of any in the company's four power plants.
When
operating at full load each of these turbines will require 900,000
pounds of high pressure, high temperature steam per hour. To gen¬
erate this steam the boilers will use 1,000 tons of coal per day.
About
400,000 tons of water a day will be required for condensing purposes.
Each generator will produce enough electricity to meet the residential,
commercial and industrial needs of the average city of 200,000 popu¬
The
total
company's
production.
Twice in
the heaviest
exceeding
lation.
include the construction of 15 new substations.
will also be made to many existing substations.
to take care of the increasing load.
110 miles of farm lines in 1947.
A financing
program to take care of these requirements is now
being studied but the exact form has not yet been determined.
The company
has recently announced that it will apply to the
Michigan Public Service Commission and the Securities and Exchange
Commission for permission to pay a 10% stock dividend.
V. 165, p. 537.
1947
for
Plans
Major
additions
must be extended
The company expects to build
lines
Many
Ry.—Earnings-
Detroit & Mackinac
1946
$131,759
*2,910
December—
Gross
from
Net
from
Net
ry.
Gross
railway
railway
from
from
ry.
1,415,973
380,902
1,039,655
184,260
*182,439
railway
railway
82,830
income
oper.
165,
p.
Detroit & Toledo Shore Line
from
Net
ry.
railway
*88,077
3,555
*92,221
1,016,205
975,711
146,912
43,061
65,267
*56,742
RR.—Earnings—
income—
1945
1944
1943
$402,348
$307,189
$359,967
$416,692
158,826
145,666
96,064
218,252
59,164
209,760
4,268,683
1.700,183
3,991,774
1,729,362
565,927
4,280,735
4,183,853
2,157,585
2,136,020
681,930
86,779
32,570
1—
Jan.
from
1943
$71,605
9,886
1946
railway-—
oper.
From
1944
$82,410
205.
December—
from
1945
$99,880
30,743
19,880
1—
Jan.
Net
"62,801
income—
oper.
From
Gross
period within which all issues of its bonds may be deposited under the
Procedure for Deposit dated Oct. 1, 1940.
Deposits are accepted at
Bankers Trust Co., depository 16 Wall St., New York, N. Y. Similarly,
Sept.
Co.—Plans
approximate
Parker,
Out
Gross
Northern
Supreme
delivery
for
ready
S.
681.
p.
Detroit Edison
Net
Cuba RR.
that the
predict
be
security holders in the
U.
This followed the court's
be put into effect without
in Four-Year Construction Program—
Net
165, p. 335.
1(J5, p. 205.
Cuba
will
the
case.
should
plan
observers
plan
165,
"Deficit.—V.
Crown Drug
reorganization
reorganization
delay.
pursuant
earlier.—V.
asked
3
of
group
company
Feb.
on
the
in
.
output of the newly acquired
mill will gradually be taken over by Continental in the course of
the next six to eight months.
He explained that this mill will provide
badly needed raw materials to expand fibre drum production.
Fred E. Hummel, President of the Hummel-Ross organization, will
serve
in an advisory capacity, Mr. Eggerss said, and John W. Sales
will continue
in his present position as General Manager of the
Eggerss said that the production
Mr.
for
G.
mandate
a
from
14,916,846
to
justified in looking into
changed
bankrupt road to determine whether re¬
ought to be reexamined.
However, he added,
ry.
$6,230,000 in 1945, and
$257,000 in three months of 1946 and $5,120,000 in 1945 by extraordi¬
nary deductions charged to surplus.
t Representing portion of certain
Items charged to surplus equivalent to estimated
resulting reduction
year
of
conditions
Net
8,082,656
of
plan
an
the
of
the
financial
Net
44,413 351
used
be
Grande Western
vacated
Stanley
$1.74
8,765,421
will
approved
RR.
stock—V.
of
Rio
&
decision
Justice
30,949,625
47,539,800
13,239,793
10
Western
recapitalization
36,202,542
omitted)
account,
$25,000 payable to First National Bank,
S.
$2.2o
$ Earned per com. share
/
$1,079,256
165, p. 70.
See Cuba RR. Co. below.—V.
Net income
U.
Costs
$17,843,656
3,472,810
4,280,777
$816,625 $18,098,148
$1,591,640
income
Gross
6,270,000
Cr334,379
to construe..
the
from
Supreme Court shut the door
long-drawn-out reorganization of the road
on
219,001
513,546)
8,762
)
income taxes
Federal
31,305,017
7,053,500
acquis.
pit.
taxes
Sales
deductions
The
1947
1946—12 Mos.—1945
2,427,282
413,041
3,459,649
587,791
...
depreciation.
Period End. Jan. 31—
tSpecial charge
Denver
$4,389*496 $68,631,364 $61,742,203
$6,729,129
revenue
Operating
to
Total oper.
of
Jan.
&
power-producing
1946—Month—1945
Period End. Dec. 31—
Gross
4
CONSOLIDATED
from
drawn
Vacates Appeals Court Order—
gram
Consumers Power Co.—Earnings—
5
.-
Series A, due 1961, at
the sale of the note
notes,
realized
be
to
Group Seeks Mandate in Case—
Dividend
Consolidated Vultee Aircraft Corp.—Reduces
Divs.
announced that System output of elec¬
tricity (electricity generated and purchased) for the week ended Feb.
2, 1947, amounted to 203,100,000 kwh., compared with 198,200,000 kwh.
for the corresponding week of 1946. an increase of 2.5%.
Local dis¬
tribution of electricity amounted to 196,200,000 kwh.,, compared with
191,300,000 kwh. for the corresponding week of last year, an in¬
Feb.
serial
be
$87,140
demonstrating the need for correction."
Consolidated Edison Co. of New York, Inc.—Output—
on
by Dedham to Massachusetts Mutual Life
3l/2%
to
asset's
ownership
"The
Gross
with
on
pocket-vetoed
adjustments
Vice-President, has been elected a director.
Allerton C. Hickmott, Financial Secretary,
and Irving G. Bjork,
Assistant
Secretary,
have
been
appointed Second
Vice-Presidents,
George W. Young as Assistant Actuary, and Raymond L. Garvan as
Supervisor, City Loans.
Mr. Hickmott
is a director of the Aetna Insurance Co.,
and its
five subsidiaries;
a
trustee of the State Savings Bank and of the
Guardian Investment Trust; and director and Treasurer of the Central
Vermont Transportation Co., and of the New London Northern RR.
—V. 164, p. 2688.
company
ICC
through
$56,292,167 $54,792,976
revenues
7,410,440
Operating
Director, etc.—
Stuart F. Smith,
The
The
plained
1945
1946
31—
sale
and
$125,000
proceeds
681.
p.
The Court
—Earnings—
rate."
In
conclusion, Mr. Wilde said:
"Payments .to policyholders and
beneficiaries, the final proof of the tangible value of insurance pro¬
tection, totaled more than $35,000,000 during 1946, about the same
amount as in the previous year.
These payments, since the organiza¬
tion of the company, now total $545,000,000."
New
the
Lackawanna
9,136,069
12 Mos. Ended Dec.
Co.—Sale of Securities—
Delaware Lackawanna & Western
680.
p.
par)
short-term
Boston,
and
to
finance extensions, additions ahd improvements to Dedham'a
plant and properties during the three-year period ending Dec 31 1948.
1,932,401
9,607,111
together
issue,
6,230.000
Cr334,379
30,256
ft.)—
of
net
165,
711,359
123,000
Crl44,472
(kwh.)___
<cu.
issuance
Co.
The
—V.
271,653
5,080,000
Cr334,379
Consolidated Gas, Electric
Total
continued, "The increase during the year in the total
of mortgages held by the company was $25,000,000.
The difference
between this and the $53,000,000 invested in these loans indicates the
extent to
which principal repayments are being made, evidence of
general
102(4.
fund
Wilde
Mr.
The
Insurance
amount
127,124
5,756,475
elc.
the SEC
($100
per share and the use of the proceeds thus realized to pay
$150,000 principal amount of open account indebtedness owing to
England; and
off
in
123,000
construe..
gas
with
1,000 shares 4',
and
New
replacement
8,303,223
7,596,929
39,421,978 36,972,580
"Reduced by extraordinary charges to surplus as follows: 3 Mos. 1946,
$123,000; 1945, $5,080,000; year J946, $123,000; 1945, $6,230,000.
tRep¬
resenting portion of certain items charged to surplus equivalent to
estimated
resulting reduction in provision for Federal income tax.—
Sales
letter of notification
a
common
29
note
(000's omitted)
assets
company's
11,116,923
and
income
Sales
par)
appioved the following proposals:
(1) The issuance and sale by Dedham to its parent, New England
Gas & Electric
Association of 6,000 shares of common capital stock
Jan.
on
49,375,754
12,453,041
47,053,909
13,772,672
2,936,949
Minority int. in income.
Gas
819,840.
"The
46,245,421
3,130,333
deductions
chgd.
Int.
82nd
the year 1946 the Connecticut General became one of the
few life insurance companies in the country with more than $2,000,of
44,098,943
2,954,966
2,775,741
debt.
amortiz. of
int.,
misc.
($100
Dedham & Hyde Park Gas
confirmation
commenting on the company's
"During
000,000
13,500,064
272,608
8,782,340
long-term
on
Conn.—Reports for 1946—
annual
38,681,802
13,500,000
541,241
$980,751 $31,795,680
$2,409,789
income
income
income
Gross
Jan. 27 filed
on
shares
The SEC'
(2)
Net
Net
38,828,856
18,500,000
tSpecial charge
and expense
pref. stk. of sub.
prem,
9,202,222
525,000
8,578,681
203,659
income
Oper.
14,881,660
13,626,307
company
1,000
preferred stock, both to be offered at $100 per share without under¬
writing.
Proceeds will be used to finance business of company.
(par $25)
3,205,000
tax
debt disct. & exp.
Amortiz.
,
8,128,233
Fed.
than
income
Non-oper.
debt
long-term
on
3,199,828
4,517,701
income
Gross
7,378,583
9,725,680
"Federal
Int.
Int.
66,898,149 274,024,401 259,180,148
27,713,604 118,718,835 104,514,364
7,389,026
25,468,834
27,129,628
8,568,233
28,408,933 29,108,933
32,746,402
...
income
,
.
9,494,660
16,506,895
25,371,898
781,960
4,421,659
3,105,199) 17,421,703
368,838
3,897,924
expenses
1946—12 Mos.—1945
$
$
216.656,150
9,112,511 101,668,386 93,496,309
1,638,266 22,161,776 21,332,719
10,812,333
1,835,247
revenues.
oper.
Maintenance
of
Amortiz.
Other
Total
17,837,765 229,293,810
21,432,044
gas
12 MOS. END. DEC. 31
$
$
revenue
The
56,808,732 231,301,574 218,525,470
9,054,865
38,717,820 36,373,973
1,034,552
4,005,007
4,280,705
69,762,579
of
Operating
CONSOLIDATED EARNINGS FOR MONTH AND
1946—Month—1945
Gross
$
$
59,355,940
9,526,682
879,957
electricity...
Sales
corresponding weex in
compared with 234,680,310 for the
of 59,965,420 or 25.55%-
as
an
of
Lawrenceburg, Ind.—Files With
SEC—
for
Sales
weekly
645,730*
1946—12 Mos.—1945
Operating revenues:
kilowatt hour output of electric energy of subsidiaries
of this corpoiation adjusted to show general business conditions of
territory served tcr the week ended Jan. 30, 1947, amounted to 294.The
Dearborn Homes, Inc.
ALONE
OF COMPANY
1946—3 Mos.—1945
$
$
Period End. Dec. 31—
,
Weekly Output Increased—
:
STATEMENT
INCOME
Bankers
Monday, February 10, 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
808
railway
railway
oper.
income—
556,249
693,529
—V. 165, p. 71.
Diamond Portland Cement Co.,
Middle Branch, Ohio-
Files With SEC—
Jan. 31 filed a letter of notification with the SEC
for 24,000
shares ($1 par) common
stock.
Underwriters, Merrill,
Turben & Co., Cleveland.
Offering price, $12.50 per share. Proceeds
will be used to finance general rehabilitation and expansion program.
The
company
on
Volume 165
Number 4567
THE COMMERCIAL & FINANCIAL CHRONICLE
Duluth South Shore
& Atlantic
Ry.—Earnings—
-®®ce?lber~
Ttflf
railway..^
ry.
oper.
1945
«ec
$331,063
24,700
*52,945
20,665
*27,391
->349
*70,705
*4,465
4.061,969
4,306,705
4.352,096
367,346
666,580
933,773
410,141
642,8b0
1,297,585
1,000,744
0per;rincome—.
,r>,.
♦Deficit.—V.
165,
10,775
Jan.
23
Utilities,
Service
Co.
The
in
After
The
Cuban
Stocks
The
these
companies
the
staff
of
into
the
Jan.
on
six
Tidewater
of
10,
principal
Electric
SEC,
amended
an
1947.
The
transactions
Service
Co.
mortgage
3%
bonds
Inc.,
pro¬
sale
by
tric
Service
in
(6)
the
Co.
in
amount
securities
and
the
Virginia
of
has shown
company
the
mortgage 3%
Virginia East
(b)
Coast
$105,645
for
the
Inc.,
since
80
$200,000
added
bank
net
Inc.
building
1946,
of
110
old
the
to
loan
effect
Indebtedness
Virginia East
with
the
of
company's
rural
line
will
be
the
Section
bank
a
to
with
with
M.
The
200
1,527
for
been
He
increased
the
&
F.
sale
its
loan
of
of
its
production
paid
11
$1,163,859
the
51,0.96
which
has
is
taken
stock
($5
58,818,760
appointed
rehabilitated,
line
and
26,251,788
252,848
since
as
late
Wm.
Los
at
1,170,957
off
Plan
will
be
to
Electric
off
pay
Service
Co.
of
from
capital
4,893,982
323,201,621
323,201,621
29,758,426
issue
&
City
Rubber
Bank
(&
Subs.)—Earnings—
1946—12 Mos —1945
78,991
529,995
672 547
1,973,893
1,838,972
$2,455,244
with
$30
49,987
23,074
393,624
of
New
of
York
has
25-year
p. 682.
been
2%%
$249,009
$2,848,869
$2,746,049
61,800
742,076
741,600
$132,273
$187,209
$2,106,793
$2,004,449
34,986
35,909
420,063
434 322
8,187
8,631
$89,100
deductions—B.
V.
G.
19,228
$142,667
&
E.
Jan.
165,
The
for
Nov.
of
cents
March
extra
that
28
25
the
directors
share
per
1947
of $1
1,
dividend
issuance
share
of
two
E.
Eastern
U.
Utilties
77,652
15,
corporation
hangar,
shop
was
last,
made
Orlando, Fla.—Files With SEC
and
equipment
cents
25
Jan.
5%
Inc.,
of
filed
30
and
provide
will
be
called
3Vs>%
made
Monroe
apartment
stock,
Proceeds
will
development
in
Feb.
Operating
14,
and March
each.—V.
1, June 1, Sept.
2957.
164,
1
Other
St.,
for
redemption
bonds
at
March
on
due
1969,
at
Harris
the
Trust
&
Chicago,
Public
47,651
$925,484
392,092
71,121
68,602
116,926
73,524
$227,6"56
$203,219
444,662
109,603
39,099
116,676
taxes
income
income
111.—V.
165,
Gross
89
106
$227,745
Total
income
1, next, $53,000
106.6%
and
Savings
interest.
Bank,
trustee,
206.
p.
income
Net
to
$203,324
Net per
deductions
81,607
share
Service
Co.—Common
is
reported
stockholders'
common
court
it
is
Group
$1.04
committee
given to the formation of a
participate in the forthcoming
to
proceedings
involving a test of the action
company's compliance plan involving
premiums to preferred stockholders.
The
Feb.
to
District Court
17
and
put in
At
recent
told
at
an
the
approval of
that
time
appearance
hearings,
the
SEC
he
on
recently
declared
payable Feb.
were
INCOME
are
expected
premiums.
appeal
for
the
decision.—V.
—V.
165.
$1,443,506
$1,566,996
$1,443,506
251,732
1
224,622
$1,818,728
and
available
$1,668,128
164,911
158,915
interest
for
The
1,
paid in
ACCOUNT
dividend
a
1947,
1946
to
FOR
of
$2
holders of
Feb.
on
1
directors
and
surplus__
For
the
week
operating
of
$1,653,816
$1,509,213
MONTHS
SIX
convertible preferred
Feb.
during
of
former
of
Power
&
National
responding
week
Jan.
30.
Ebasco
Light
Power
during
1947
&
1946
the
Services
Co.,
Light
were
System
Inc.,
Electric
Co.,
inputs
which
Power
of
client
subsidiaries
are
&
Light
Corp.
ENDED
compared
with
the
follows
(in thousands of
as
cor¬
kilo¬
Expenses
Operating
Former
The
Subsidiaries
Power
Power
&
&
National
above
nies not
of—
Light
Light
Power
figures
do
1947
Co.
&
Amount
Pet.
186,554
17,179
trar
First
for
44,267
7,585
17.1
108,407
Co.
98,456
9,951
10.1
include
the
system
165,
p.
inputs
of
any
compa¬
Laboratories,
the
result
Radio
to
the
of
Corp.
30
This
W.
modification
Contract
the
U.
America, the sum of $800,000 has
Laboratories, Inc.,
it was
revealed
President.
puts
the
S.
Modifi¬
Navy
been
on
current
company
in
all
and
a
3
by
had
which
V.
been
eliminates
164,
p.
static
Bond
&
Total
of
he
said.—
Co.—Earnings—
1,870,679
Detroit,
the
1946—12 Mos.—1945
3,810,374
$1,954,146
2,134,725
43,987
1.750
255,160
$1,291,865
$5,894,624
$4,344,031
191,124
143,716
552,227
585,991
35,888
110,281
100,823
243,409
977,177
has
been
stock
appointed
(cumulative),
cents
extra
an
regular
stock,
He
Montreal,
165,
A
quarterly
both
payable
April
disbursed
were
15
holders
to
Jan.
on
consider
Rico
also
is
director
a
Holt-Renfrew
sale
Consent
date
Co.
Insurance
of
of
Co.,
by
24,
in
the
The
cost
the
of
Imperial
Canada,
and
Walker
Annis
Trust
Co..
Inc.,
Furs,
&
De¬
the
the
basis
in
will
the
be
held
Land
Authority
covered
by
said
Supreme Cuort
Warranto proceedings
Quo
March
on
the
$8,040,000
Growers
be
the
of
offered
be
of
26
Puerto
offer
and
Puerto
of
to
by
Rico
sold
Association,
to
the
determined
Land
for
instituted
properties,
affiliate.
an
Land
Authority
the
this
at
the
$868,852
$4,254,939
$2,768,274
applic.
whether
stock
1,322,372
4,239,668
5,881,785
time,
Authority's offer
and
the
There
are
which
on
Container
and
(net),
notes
$458,840:
Corp.—Plans Elimination of Pre¬
striking
the
out
sinking
fund
March
5
will
the company's
provisions
for
preferred
retirement.
letter
A
to stockholders states that
during the eight years through
the company retired through sinking fund operations 20,178
preferred shares of the 110,000 shares originally issued.
of
the
increased
market
value
of
the
stock
common
and
three-for-one
recent
split
of that stock,
56,737 shares of pre¬
voluntarily converted up to Dec. 31, 1946.
Therefore,
only 33.085 shares of preferred remained outstanding at the year end.
ferred
were
The
stock
preferred
share.
of
each
Since
the
common,
force
the
erate
to
than
accomplish
165,
is
callable
share
letter
that
conversion
the
for sinking fund purposes at $52.50
preferred is convertible into six shares
of
states
of
the
sinking
preferred
for
purposes
fund
into
which
the
provisions
will op-:
stock,
common
fund
was
rather
created.—V.
208.
p.
Gaylord, Inc.
the
said.
company
company's esti¬
regarding the additional properties the total price for all holdings
(The Gaylord Apartment Hotel),
Los Angeles, Calif—Tenders
Sought—Pays 2V2% Interest
—Earnings, etc.—
Insurance
Title
The
&
Trust
Co.,
co-trustee, 433 South Spring St.;
Calif., will until Feb. 18, 1947, receive bids for the sale
mortgage sinking fund bonds dated July 1, 1936, to an
amount sufficient to exhaust $30,979, held ior the purpose. All tenders
Los
to
Angeles,
income
of
it
will
accepted.
erties
is
The
directors
reasonable
is
After
sale
of
of
the
will
sale
The
to
May
31,
vest
the
take
the
Public
also
makes
Co.
the
than
Fajardo
among
of
taxes
fair
offer
the
approve
later
sale
to
wind
The
and
which
December,
1947.
up
proceeds
the
of
and
expenses
in
any
holdings in
its
own
account.
at
its
to
The
operate
Land
The
corporation is in the
manufacturing operations by
announced.
A
new
3947,
and
was
to
also
announced
was
co-trustee,
indenture,
2 V2 %
lowest
set
made
up
industrial
of
the
government
may
expropriate for
in excess of 500 acres.
The law
this figure unlawful.—V. 163, p. 779.
EARNINGS
more
feeder
production of domestic and commercial
refrigeration component parts.
will
be
1
and
Aug.
FOR SIX MONTHS
the terms
under
An
1,
interest
of
the
payment16r
1946.
ENDED DEC.
31
1946
1945
$264,851
$199,359
190,465
130,784
Departmental cost, admin., and other expensesprom
Discount
on
«««?
lbi
bonds retired
~
'
A
_
B
$74,547
__
ond'IntVrSr::::::::::::::::
Amortization
Federal
of
l'lVz
bond expense
income
taxes
.
BALANCE SHEET, DEC. 31,
trustee
surance,
under
in
terms
bank
of
bond interest,
and
trust
$69,651
,,
•;
Balance, surplus
ASSETS—Cash
.
,,
g-gj
Depreciation
of
expanding its Buffalo, N. Y„
than 50%, Frank J. Quigan, Chair¬
plant is being brought into volume
process
submitted
has
31,
mills,
subject to regulation by
Puerto Rico, as a public utility.
the properties stems from
Puerto
of
of
offers
Jan.
who is required,
certain reserves.
Feb.
on
on
Income
Authority
an
as
holdings
excess
the
with
deposit
harvesting.
continue
cane
which
private
39,
>
it
are
after
will
transfer
under
Feb.
on
deposited with
the co-trustee
under
the trust indenture securing the above
bonds]
sufficient funds during the six months ended Dec. 3t. 1946, to enable
the co-trustee to pay to the holders of said bonds 2Va% interest. The
distribution was made on Feb. 1, 1947, after which $57,626 remained
_on
trust
stockholders.
opened
corporation,
and
for
Commission
this
law
be
exact
lands
grind sugar
for
land
compensation
consider
not
deduction
to
There
crop
the
Sugar
Service
Authority
Rico's
Co.
stockholders
rata
pro
the
sa?d.
sugar
over
and
prop¬
conveying of titles, which makes
liquidating dividend to stockholders,
323,890 shares of Fajardo stock
If title to the properties passes between Dec. 1,
1946
1947, the Fajardo Sugar Growers Association will har¬
Fajardo
enterprise
Sugar
that
clearings
determine
1947
The
the
these
of
The
consummated
subject
are
statement
proxy
be
distributed
be
with
difficult
depreciation,
the
properties it is contemplated
Fajardo Sugar Growers Association.
the
proceeds
connection
Fajardo
will
for
reserves
$4,984,000.
recommends
estimated
business
it
of
and
less
cost,
approximately
on
hand,
indenture
1946
»$28,831^
$24,643;
for
"
.•»
it r i
2409
*
*■*,*•>*
V'v#
cash held by
of taxes,
payment
and bond retirement, $64,375;
e
accounts
etc.
1945,
conveyed to the Land Authority will be approximately $6,966,000,
according to a proxy statement being sent to Fajardo stockholders. The
man,
1,059,917
equipment,
total, $531,398.
under
owned
be
to
1946
at
a
special meeting
to
be held
proposal of the board of directors to amend
by
(The)
to
cannot
estate,
31,
$52,317;
stockholders
on
charter
1936.
properties
or
of
properties
entered
Authority
Fajardo Sugar
the
offer
the
Land
further
value
1945
Jan.
stockholders
an
of
$19,545;
DEC.
hand,
on
ferred Sinking Fund—
vote
a
the
of
all
Decree
18,
of
The
of
SHEET,
and
payable (trade), $1,745; dividend payable,
1947, $16,875; accrued liabilities, $785; taxes payable or accrued,
reserve for repairs, $361; deferred
liability, street assessment
payable 7%, $4,663; lease deposits, $2,984; capital stock ($10
$75,000; surplus, $403,371; total, $531,398.—V..,163, p. 902.,
,
Because
of
acceptance
and
June
on
meeting
bank
leasehold
expenses,
Gaylord
last.
15,
Enterprise—
special
in
$696;
.
quarterly dividend of
dividend of 30 cents
Fajardo Sugar Co. of Porto Rico—To Vote on Sale of
Lands of Affiliate and Continue to
Operate as an Indus¬
trial
15,000
$6,517
LIABILITIES—Accounts
537.
p.
16,875
$21,869
Feb. 1,
par),
Fedders-Quigan Corp.—Expands Operations—
periods,
ASSETS—Cash
regis¬
10
888,943
$1,938,230
divs.
ri
749,753
$2,082,500
245,613
income
stock
$498,125
18,649
expenses
City
declared
the
Northeastern
and
$2,393,616
_
taxes
Other
1
receivers,
437
taxes.
Jersey
preferred
amounts
company.
of
outstanding.
$522,500
income
Other
to
Share
income
income
after deduct¬
deferred
of
30
and
Like
declared
$25,614;
common
31.
this
Ltd.,
would
dividends
Total
Federal
Net
radio
1946—3 Mos.—1945
interest
Other
Pfd.
commercial
Income—
Total
1947,
usual
rector
the
Period End. Dec. 31—
Gross
from
2016.
Electric
share
the
on
March
$15,443
7,151
1,775
6,600
BALANCE
1,
682.
Jan.
on
1945.
$77,170
61,727
7,126
taxes
Balance, surplus
quarter
receivable,
dividend
p.
Dividends
share
per
each
quarterly dividend of 25 cents per share 011 the preferred
stock was also
declared, payable April 1 to holders of record March 15.
R.
Howard Webster, of
Montreal, Canada, has been elected a di¬
its
thus
The
165,
per
share
The
it
sizeable profit
tories
tract,
Bank
20-cent
directors
record
released
Feb.
obligations, and
for 1946, Mr. Garstang said. Electronic
Labora¬
utilizing its own working capital to fulfill the con¬
restricting its cash position.
firm
recently announced the
invention
of
a
pulse detector
allows
in
corresponding book
with
Garstang,
action
National
the
cents
On
of
Electronic
William
contract
a
cents
disbursed
were
bond
537.
Inc.—In
cation—
the
75
1946.
31
$35,595
Depreciation
Eversharp, Inc.—Extra Dividend—New Director—
mates
As
amounts
1946.
value.—V.
par
9.2
51,852
.
Light
not
1946
203,733
.
Corp.
appearing in both periods.—V.
Electronic
of
DEC.
69,264
income
the
on
31,
$104,859
Federal
Registrar Appointed—
the
—Increase—
Electric
dividend
a
Dec.
stock, payable March 1, next, to holders
Like
1947.
The amount per share in
arrears as at March
ing the dividend just
declared, is $4 50.
and
as
watt-hours):
American
14,
share
per
$2
Aug. 1.
1946
the
Inc.—Weekly Input—
ended
companies
American
declared
5
the $3
record
troit.—V.
Ebasco Services
Feb.
on
on
•#!
record
and
165,
Equity Corp.—Declares 75-Cent Dividend—
of
Co.,
dividends
206.
p.
(The)
$0.94
Federal
of
683.
Income
holders,
common
336.
p.
stock,
interests
attorney
would
directors
capital
call
plan is expected to be sought
an
The
approv¬
of
calculation
p.
Building
Like amounts
stockholder
Boehm,
that
in
payment
opposing the payment of call
Louis
Commission
the
common
the
of
purposes including
for the year 1945.—V. 165,
Co., Los Angeles,;: Calif.—Pays
Dividend—Issues Semi-Annual Statement—
being
the
$131,357
r
income taxes at 40%
May
71,998
$146,138
common
Garfield
Consideration,
per
above
las
*1945
$985,347
taxes
income
SEC
junior
Conn.
1946
revenues
expenses
Operating
p.
the
offered, at
for
Bridgeport,
Depreciation
Federal
be
used
Co.—Earnings—
Maintenance
thege
on
with
to
be
in 1946 paid the follow¬
Be Formed—
Associates—
Total
taxes
capital.
Conn.—Files
notification
preferred
underwriting.
garden
of
■'Adjusted for comparative
Engineers
The
Earnings of subsidiaries
Balance
working
Bridgeport,
letter
a
non-cumulative
without
Total operating
stock in exchange for
par
Homes,
on
of
share
a
General
no
Park
company
financing
par"
record
share
18,
"no
new
of
per
shares of
year-end of $1;
a
has
mortgage
West
115
22,421
$1,566,996
A
$
co¬
in¬
accounts receiy-',
\ itvsv'-i
;;
„
$371,621#
:
Frontier Power
$1,465,927
22,852
interest
Non-subsidiary income
Expenses,
Jam
1946 /,
1947
Calendar Years—
Dec.
on
the
on
holders
to
outstanding, th^ company
27, quarterlies of
first
The
$1,543,579
77,652
$1,589,848
minority
to
due
.
208.
p.
$300,000
$50
15.
the
par
Jan.
on
payable
year-end
to
Payment
26,546
$1,667,500
Co.__
Balance
Applicable
'^598
trustee
appointed
debentures
With SEC—
capital distribution cumulative, pari passu
outstanding, 840,268 shares no par.—V. 165, p. 682.
dividend
a
stock,
on
The
of
317,411
61,881
accruals..
Balance
to
■
53t»p$p
Co.—Trustee—
January—
Forest
share
a
Empire District Electric Co.—Partial Redemption—
$2,428,638
amortization
Applicable
'J'
con*\(
f
Manager at Los Angeles.—V. 165, p.
$25,000,000 of
See offering in V. 165,
purchase
23, 1945 in connection with $30 a share
cumulative, pari passu with $6 preferred; out¬
shares no par.
tModified as of Nov. 23, 1945 in
announced
$20
and
the
75,103
div.
<
been
30,460,155
surplus)—
Nov.
ing dividends: Jan.
and
$225,934
deductions
Preferred
has
The company on Jan. 27 filed a letter of notification with the SEC
for 60,000 shares ($1 par) common
stock, to be offered at $5 a share
without
underwriting.
Proceeds will be used to retire indebtedness,
641,708
4,893,982
1
preferred;
A
each
necessary
to
make
out of the proceeds of
118.646
income
Miscell.
Walker.
M.
Angeles,
1922.
Florida Airways, Inc.,
284,247
1,059,917
^
203,012
was
1947.
1,712
$194,154
&
%
Los
in
was
$144,166
Balance
Gross
.
Vice-President
resident
Profit
Interest
v
58,818,760
26,251,788
par)
-645,370
as
declared
shares
de¬
revenues,__
res.
.
new
decreased
and
$415,552
—V.
$14,210,840 $14,210,840-
stock
place
taxes)
income inet)_
Retirem't
ex¬
of
(M. II.) Fishman Co.,
Inc.—January Sales Up 11,8%—
$459,093,551 $459,934,057
Prior
$1,079,356 $12,859,527 $11,843 595
699,326
7,900,393
6,903^437
849,949
Non-oper.
large
of Maryland—Promotion—
Sales
(appropriated
common
stockholders
distribution
1946—Month—1945
revenues
oper.
manufac¬
of
"
co-Manager
D.
Tire
National
an
Month of
Ely & Walker Dry Goods Co.—25-Cent Dividend—
The
Associates
Maintenance
Net
its
institution
207.
succeeds the
formerly
the
Ladd continues
1, 1972.
57,826
distribution
$5
It
all
Inc.,
which
is
presently outstanding
distribute
the
balance of
the cash
to
the
as
a
liquidating dividend.—V. 164, p. 2690.
Period End. Dec. 31—
inc.
625
charges
declared
standing,
Utilities,
Utilities
(inch
has
Baltimore.
Gorton,
Firestone
175,000
200
payable
connection
had
of
territory
of
was
Tidewater
company,
and
Operation
Taxes
D.
17,326
taxes
capital
ing
Operating
of
Mr.
68,229
175,000
surplus
additions.
to
wlrich
miles
system.
which
the
stockholders
Eastern
ing Co.
financing.
of
Coast
public
manufacture which
he explained.—V.
165, p.
Gorton
of
result
Receivable:
preferred
^Modified
Coast
company's only subsidiary,
termination of the war.
This
and
extensive
In
miles
above-mentioned
The
68,729
securities
surplus
bonds
expenditures for property
additions aggregated $372,625 for the
year and the operating revenue
Increased 21.6'7, to a total for the
year of $775,327.
In order to carry
on
the
extensive
construction
program
it
was
a
of
E.
nected
$459,093,551 $459,934,057
Reserves
the
the
communities
constructed
the
Dan
12,220,430
1,127
Earned
corporation.
to
year.
due
and
property
Utilities,
of
Utilities,
small
were
East
growth
veloping
rapidly
during the past
customers
and
company, after the discharge
balance
of
the
proceeds
of
the
dissolution
remarkable
of
amount
the
Virginia
and
net
$200,000,
by
Coast
serves
short-term
Total
the
of
ultimate
East
11,339,342
assets
Capital
East Coast Utilities, Inc. of the
remaining
mortgage 3'7
bonds, and the use of the proceeds
indebtedness consisting of a loan of
Tidewater Elec¬
of
the
Angeles, Calif., for this company and its
affiliate, the American Bond- %•;
1,690,000
1,690,000
396,160,702 396,160,720
miscellaneous
companies
deferred
Accrued
plan.
The distribution
liabilities,
19,500,000
625
Dividends
Virginia
first
retire
19,500,000
receivable
Accounts
Utilities, Inc., and the redemption of its
outstanding 15-year first
lien collateral 4%
bonds, series A, due Aug. 1, 1948.
to
and
invest.,
Interest
Common
shares
$101.
The sales by the company of the
$800,000 first
and
the 60,000 shares of common stock
of
(a)
expansion
are
above-mentioned
recapitalization
$400,000
1948
demand
on
cash
due
Inc
Total
East
to
60,000
products and the
executive sales staff
machinery and equipment, the expansion of engi¬
Fidelity & Deposit Co.
LIABILITIES—
exchange
(5) The
6%
Capital Stock—
of the presently
outstanding $1,876,745 first mort¬
gage 5%
bonds and 500 shares of common
stock
(par $100) of
Virginia East Coast Utilities, Inc., now owned
by the company,
for $800,000 first
mortgage 3% bonds and 60,000 shares of com¬
mon
stock
(par $10)
to
be
issued
under
the
(4)
Co.
deb.,
Option Warrants:
current
t$6
and
new
and
new
•-*-4
plan
Virginia
Virginia East Coast Utilities,
first
(par
costs,"
$30,000,000 $30,000,000
100,000
100,000
*$5 preferred stock
of
$1,200,000
stock
Inc
Prepayments
follows:
Utilities, Inc.
for
Other
14
plan
amended
as
into
Co.,
Others
electric
in
Power
Inc
companies
Associate
adjacent
serve
section of Virginia and render
approximately
11,000 customers
to
Commission
be divided
common
The
of
Receivable:
Foreign
banks,
Accrued
Other
recapitalization
vide
of
both
&
Services
Temporary
dated
for
neering laboratory personnel and facilities-and
and
in
of
divisions
systems
Electric
System
Cash
the securities of Virginia East Coasb
a
small subsidiary, Tidewater Electric
has
of
with
said
merger
Coast
(3)
stockholders
Virginia.
with
filed may
(2)
service
conferences
filed
turn
Tidewater
power
counties
in
properties
tfr.ritory in the
and
(1)
the
Advances
Bonds:
Accounts
only
owns
Inc., which
light
as
to
states:
company now
ttmhm
was
letter
a
and
addition
penditures
Accounts
Services
Ebasco
President, in
"In
turing
1945
Value)—
and
American
East Coast Public
Service Co.—Plans Final
Liquidation
Floyd W. Woodcock,
Securities
Ebasco
537.
p.
SHEET, DECEMBER 31r'
1946
(Ledger
Notes
*54,145
4,200,928
railway
railway
Investment
$320,758
income___
from
irom
COMPARATIVE BALANCE
ASSETS—
1943
$227,679
From Jan. 1—
Gross
1944
$337,439
railway
;f,
«ei
1946
809
•
Monday, February 10, 1947
THE COMMERCIAL & FINANCIAL CHRONICLE
able
supplies), $11,864;
$59,599; total, $853,085.
$10,292; accrued liabilities,
taxes payable or accrued,
(net), $686,142; deferred expenses,
trade,
payable,
LIABILITIES—Accounts
guests' credit balances, $1,715;
$37,490;
accrued
interest on
bonds, at 5'* per annum, $19,677;
deferred income (unearned rentals and lease deposits), $4,524; income
$9,505;
stock
due July 1, 1951, $787,050; capital
(par $1), $989; deficit, $18,157; total, $853,085.—V. 163, p. 902.
mortgage sinking fund bonds,
from
Net
ry.
Gross
United
the
months,
construction materials.
to begin within 30 to 60 days, when the
and raw materials have been secured, Mr. Andrews
scheduled
is
Production
Co.,
electrical
other
and
wire
building
Rubber
by
of
Street plant, formerly occupied
will be used for the manufacture
Marginal
new
States
necessary manpower
said.
1944
1943
$597,395
$735,141
$638,711
from
ry.
block
Operation
18,291
Maintenance
4.404
3,665
47,984
33,815
7,604
6,477
116,076
117,285
$8,437
$6,667
$109,248
$112,391
2,477
74
27,234
9,281
$10,915
$6,741
$136,482
$121,672
10,604,038
10,245,412
7,605,897
9,328,645
224.837
1,340,948
3,319,030
4,127,813
137.838
956,779
2,879,839
3,564,793
income
165,
of
revenues
oper.
income
Retire,
13—
—
(neti
shares
will
stock
capital
of
be
2,916
2,916
Gross
income
$3,825
Interest
$101,482
charges
Previous
Net
567
307
earned
income
$86,672.
as
46
467
$7,691
$3,778
$101,015
$86,105
641,130
income
Net
35,000
35,000
$7,999
accruals
reserve
specifications, electrical properties, film prop¬
erties, cure and aging, chemical properties and baking and air drying
cycles of each type. Types consist of black baking, black air drying,
clear baking, clear and air drying, sticking varnishes and air drying
and baking enamels.
Thirty-six grades are described,—V. 165, p. 538.
in
has producing and non-producing mineral, oil and gas
a
substantial list of bonds, stocks and other
Oklahoma,
626,278
surplus
101,015
86,105
$742,145
$712,383.
income statement-
per
dividend
stock,
last,
cents
75
during
1946
were
General Motors Corp.—New
corporation on Feb. 5
an experimental
The
for
try out advanced ideas
project to
Tomorrow,
the plant of
which
the Pullman-Standard Car Manufacturing Co. The project,
the Fall of 1944, has been in the development
stage since it was announced a year and a half ago.
train will be put on public exhibit in major cities across
conceived in
was
Graham-Paige Motors Corp.—Sale of Auto Assets Ap¬
proved—To
the
of
the
new
have
assembled
four
as
will
It
country.
locomotive,
and a General Motors Diesel
of what is possible in enjoy¬
The cars, a diner,
conception
a
cars
ment, comfort and utility in future railway travel.
chair car, observation leunge car and sleeper, all
Dome
the
feature,
upper-level
glass-enciosed
a
seating
roof,
24
as
many
as
will have the Astra
compartment located in
There are many other
passengers.
innovations.
has
Motors
"General
business," said C. E, Wilson, President, in discussing the Train
"We are interested in the entire field of transportation
ger car
«f Tomorrow.
interest in railroads as our ElectroMotive Division is the ieading Diesel locomotive builder.
We are also
interested as suppliers of other equipment: air conditioning through
the Frigidaire Division, anti-friction journal box bearings through the
Hyatt Bearings Division, and Diesel-generating equipment through the
Detroit Diesel Division and the Delco Appliance Division.
"Since General Motors is not in the railroad passenger car business,
.several of the established builders were invited to submit proposals
on
construction of the cars.
The proposal of the Puliman-Standard
Car Manufacturing Co. was accepted and that company was commis¬
sioned to complete detailed engineering and construct the four cars,
working with General Motors' styling
experts and Electro-Motive's
and,
of
have
course,
Dividend Basis—
Common Stock Again on $3 Annual
The
directors
the
Feb.
on
declared
3
holders
75
record
of
cents
Feb.
1947.
13,
which
share
per
75
of
cents
share
per
payable March 10, 1947, to stock¬
This restores a quarterly dividend
stock,
outstanding common
dividend
a
paid
been
had
1944
during
Jtrior to the reduction 1946. quarterly dividend of 50 cents per share
ollowing the strike in to a
of $1.25 per share on the $5 preferred
on
the $3.75 preferred stock were also
1947 to stockholders of record April 7, 1947.
Regular quarterly dividends
stock and $0.933/4 per share
•
payable May
declared,
--V.
165,
1,
538.
p.
Phoenix
General
The
been
appointed
debentures.
For
Bank
the
for
trustee
Appointed—
Corp.—Trustee
National
Commercial
offering
165,
p.
4%
683.
of
Co.
Trust
15-year
V.
see
&
New
cash
General Public Utilities
electric
The
output of
this
which
marketing
of
excess
books
CORPORATE
(Including Statesboro
kwh.,
fr. ry.
rev.
shares
to
realize
a
Kaiser
produced
Mr.
82,153,098
1,917,875
*$8,920
$783
$168,521
$235,223
15,619
10,046
74,733
64,507
3,519
RR.
RR.
Insur.
3,073
44,674
36,678
1938-
3,016
2,837
38,294
*$31,074
• 10,532
*$15,172
8,760
$10,820
$100,182
Dr)__
126,932
The
of
line
(net
ry.
2,196
1,991
24,097
23,905
*$43,802
income.
oper.
TNon-oper.
*$25,923
*$140,209
*$30 833
613
52,517
16,251
66465
*$43,189
$26,594
*$123,958
income
from
465
353
2,803
*$43,G54
$26,241
*$126,767
$33^321
♦Deficit.
in
December,
in
1945,
"non operating
taxes
of
lated during the depression years
adjustment
The
to
increase
be
in
made
credit
income"
interest
was
thereon
due
to
which
adjust¬
in the executive
1932 to 1940 and for which there
1946,
was
interest
was
due
of the difference between
to
adjustment
interest
accruals
principal amount of $600,000 at 7% per
compromise settlements with holders of such certificates
4% per annum for the two-year period due June 1, 1945 to Dec. 1
1946, whereas in December, 1945, account the company adjusted the
Interest for only the one year period due June
V. 165, p. 684.
'
1, 1944 and Dec. 1
1944
revenue
Operating
expenses
Prov.
depreciation.
pit. acquis.
fcr
Amortiz.
1946 -Month—1945
$4,781,150
from
Net
ry.
loaders,
...
2,688,331
426,750
1946—12 Mos—1945
403,000
5,121,000
836*000
4
'
of
'
adjustments
165,500
202,800
1,986,000
2 433 608
Ctenerar taxes
677,134
427,070j
^
4,083,542
4,529,762
3,685,'823
$824,766 $10,889,688
299,748
3,571,898
income
Gross
tot.
$823,435
long-term debt.
on
Amort
of prem.
debt
Dlvs.
"income
on
3 615 149
Cr9,717
22,554
Cr3,717
63,909
55,670
197,416
$514,453
$470,825
223,005
$247,819
$4,702,663
$2,326,556
Crl 16,607
Crl
pfd, stock.-.-
1943
$19,418,408
2,123,173
"6.110,736
4,939,366
7,264,938
3,406,133
*736,049
4,232,345
2,888,379
income
from
p.
73.
3,535,176
3,842,492"
$83,034
$61,844
$872,480
$1,495,795
165,
37.610,639
40,610,072
75,062,335
32,968,620
The
Dallas
Corp.,
shares
($10
par)
President,
Greer,
Green Bay
filed a letter of notification with the SEC
6'f preferred stock, to be sold at par by
behalf on the company, without under¬
used to provide expansion capital.
& Western
Gross
ry.
from
Net
ry.
to
10.171
*5.322
1,028
railway
2,701.590
2.690,667
2,809,550
2,817,687
506.034
587.432
610.367
966,474
131,208
126,040
175,111
562,841
209.
Securities,
following
have
Dividend—
Consecutive
Inc.—43rd
dividends
shareholders
to
on
declared
been
record
of
Sold
to
Employees
and
the
At
officers
same
at
9,667
time
of
Jan. 31 stated
subscribed for
per share, for a total,
shares of stock were removed
$20.25
the
stock sold
will be used for
various
the
Feb.
14,
Class—
classes
first
the
for
Co.,
Can
Corp.—Assets Acquired
above.—V.
Inc.,
Corp.—Sells Certain Detroit
—
164, p. 2154.
Properties—
$2,750,000 in cash to its working capital
(Mich.i properties, according to R. S.
President
The funds will be used to expand operations for
orders totaling over $20,000,000, he reported.—V. 165. p. 211.
Co.—To Sell Bonds Privately—The Fed¬
Comimssion Jan. 31 authorized the company
issue $5,000,000 first mortgage bonds, 23/4% series,
be dated Feb. 1, 1947, and to mature on Feb. 1, 1977.
to
31,117
Group
The
always
alphabetical
Idaho Power
1943
52.475
corporation
not
alphabetical
corporation has added
of
certain Detroit
unfilled
$203,171
32,014
p.
is
sale
Geddes,
1944
*6,026
165,
of
The proceeds
capital.—V. 165, P- "4.
Hupp
$221,806
income
it
amendment filed with the SEC
common
stock ino pari were
an
Continental
Company proposes to sell the bonds to The Northwestern
Mutual Life Insurance Co., The Penn Mutual Life Insur¬
1—
oper.
in
shares
employees
registration.
from
1945
*15,267
from
Net
reasons
Corp.—Stock
Finance
Hummel-Ross Fibre
$202,765
income
Jan.
mechanical
possible.
as
company
50.333
from
1946
railway...
oper.
From
$138,798
eral Power
RR.—Earnings—
railway..
from
Net
1,340,775
3,506
to arrange companies in exact
However, they are always as near
$1,019,243.
of
$212,747
railway
from
902,652
Officers—
certain
by
With
Texas—Files
on
be
will
Proceeds
writing.
27
Jan.
on
company
5,500
80,281
*$15,823
165, I). 74.
position
The
W.
33,777
$1,529,572
76,759
oper
NOTE—For
See
SEC—
W.
36,677
$909,157
$9,209
order.
28,562,967
Southwest
2,614
$64,459
revenue
possible
77.801,559
28,379,435
209.
p.
2,934
$85,968
Deductions
that
25,040,634
._
income.
Greater
transp.
200,124.504 207.657,795 200,573,426
167,368,485
,
railway
oper.
than
from
rev.
working
railway__
from
of
shares
payable
quarter
of this
Feb. 28,
1947:
"Extra
Total
$0,065
$0,015
$0.08
Automobile
.065
.015
Building
.08
Chemical
.065
Co., Provident
ance
Mutual Life Insurance Co. of Phila¬
delphia, Massachusetts Mutual Life Insurance Co., New
England Mutual Life Insurance Co., Union Central Life
Insurance Co., Aetna Life Insurance Co. and The Con¬
necticut Mutual Life Insurance Co. at 100.50 and int.
to be issued to provide the company with capital
completion, extension and improvement of facilities
of certain bank loans.
Company sells electric energy at retail to communities in laaho,
including Bcise, and in Oregon, and at wholesale in Idaho, Oregon
The
securities
are
construction,
lor
repayment
and
for
and
Nevada.
.08
.03
"Regular
Agricultural
Electrical
equipment
.08
__
.08
.015
.09
__
.04
Fully
General
bond
Industrial
.01
.05
.09
The
May
.09
machinery
.09
__
.02
.02
bond
.08
companies
.10
priced
!os
__
.10
_
.055
!o7
.015
7
to
a
on
New Financing—
be held
to vote at the annual meeting to
management proposal to authorize an additional
stockholders
are
100,000
preferred stock and 450,000 shares of common stock.
The
additional shares are to be sold publicly from time
to time
finance a substantial portion of the cost of the extensive expansion
shares
.05
.04
admin.
Plans Additional
.03
__
.09
Food
of
which
program
is
now
under
way.
management proposes to offer the new
enough not to jeopardize its dividend policies,
cash
requirements for construction.
The
.13
.05
.01
.06
to
Petroleum
.01
.05
.06
dividend
.04
line
.05
stock in amounts small
yet sufficient to meet
also are to be asked at the forthcoming
company's charter to enable the directors to
and redemption prices for the new preferred
market conditions and company interests at the
stockholders
Merchandising
Mining
meeting
establish
stock in
time of
issuance.
Railroad
bond
Railroad
equipment
.05
stock
.04
.01
.05
.045
.06
.035
Steel
__
.04
Utilities
.005
.015
Tobacco
.015
"Regular dividends
dends
161607
are
Record
from
in
V.
164,
of
net
are
from
realized
p.
dividends
investment
net
.04
income
and
1946
2546;
V.
the
amend
rates
with
The
shares
which
present authorized capitalization comprises
preferred stock and 450,000 common shares,
outstanding.—V. 165, p. 328.
company's
4%
of
are
extra
divi¬
was
given
profits.
in
fourth
165,
p.
684.
quarter
in
Illinois
The
Hastings (Mich.) Manufacturing Co.—Files With SEC
company
for
300
Los
Angeles.
shares
on
($2
Jan. 31 filed
par)
a
common
all of
Co.—Dividend
Zinc
Increased—Extra
Also
Declared—
paid
directors on
Jan. 23
letter of
stock
Stock to be offered at $16
on
a
notification
behalf
of
with the
Peter De
SEC
Paolo,
share without underwriting.
declared a quarterly dividend of 15 cents
share and an extra dividend
both payable Feb. 20 to
stock
2,676,064
100,000'
.05
.035
and
The
.13
__
Railroad
The
165,
$4,407,656
378,129
transp.
other
per
.—.—
Balance
—v.
Rev.
The
1944
$15,958,336
1945
$5,002,620
223,005
$7,378,727
2,676,064
$291,447
on
Other deductions
_Net
296,144
6,596,632
$5,338,287
$439,973
334,006
from
rev.
Household
1—
Jan.
ry.
$8,698,577
Federal income taxes___j
1946—11 Mos—1945
$417,040
transp.
sub¬
$13,022,314 $12,065,203
_
__
railway
oper.
From
Low
$4,382,369 $52,879,704 $50 357 891"
2,524,732
26,269,710
24 307*249
Co.—Earnings—
1946—Month—1945
expenses
"Loss—V.
1946
railway
from
Institutional
Georgia Power Co.—Earnings—
Period End. Dec. 31—
from
rev.
Net
*
thinners, sugar cane weeders, manure
tillers and field cultivators.—V. 165, p. 538.
Investing
Cross
Gross
Net
a
and
annum
Honolulu Rapid Transit
Period End. Nov. 30-
Presi¬
as
Aviation
accumu¬
December,
receivers
to
to December, 194G. account
receiver's certificates of
on
in
and
with the SEC
capital.
and
1947
NOTE—The decrease
ment
of
Great Northern Ry.—Earnings—
2^611
to int.
letter of notification
a
shares ($10 par) preferred and 25,000 shares ($1 par>
stocks, to be offered at $11 per unit, consisting of one share
each
without
underwriting.
Proceeds will be used for working
Net
"
Surplus applic.
27 filed
Jan.
on
company
farm
of
"Deficit,—V.
Deductions
D. C.—Files With
be
may
$35 932
income
income
Gross
that
car
vegetable
Gross
Net
par
and
etc.
Jersey,
New
SEC
25,000
dealers, John V. Drum, director of sales of the Farm
Equipment Division, announced on Jan.' 28.
Other
implements
marketed by Graham-Paige include Rototiller
power
tillers, which are manufactured at Willow Run; cotton chop¬
Net
rents
4t. facil. rents (net Ur)_
throughout
offices
letter of notification with the
(par $10v, to be offered at
be used to advertise, open
will
common
equipment
December—
33,856
.
a
stock
branch
has added a v/agon and a stalk cutter to the
implements marketed
through its 3,400 farm
corporation
Frazer
107,110
Unemploy.
Act
Ry. oper. income
Equip,
other
any
Taxing Act,
1937
Fed.
Implement Line—
Adds to
1946—12 Mos.—1945
Railway tax accruals:
Fed.
or
management of either company and that he would continue
dent of Kaiser-Frazer and President of Graham-Paige.
Northern Ry.)
$2,376,741
2,208,220
filed
4
common
Hines-Frederick Corp., Washington,
The
future."
that no changes were contemplated
said
Frazer
the
in
Kaiser-Frazer
"Deficit.—V.
$162,925
162,142
Regular
automobiles
Frazer
and
by
Net
$179,746
188,666
opers.
its stock
interest in Kaiser-Frazer from 250,000
1,006,000 shares, Graham-Paige," he pointed out, "will also
21 r/<
share in
the profits from the
manufacture of both
of
Proceeds
Operating
for
Net
before taxes and has orders on its
totaling $32,401,217 at net price to the
time
N. J.—
SEC—
month
per
present
Feb.
on
shares
underwriting.
operate
Camden,
increasing
"By
Gross
—
1946—Month—1945
Period End. Dec. 31—
Ry. oper. revenues
Ry. oper. expenses
Frazer,
company.
Net
ended Jan. 31,
RECEIVERS—COMBINED
AND
Mr.
to
company
7,500
without
of Frazer Farm Equipment.
The
is currently showing net profits
line
complete
$100,000
the
at
Net
Georgia & Florida RR.—Earnings
the
of
The
Association,
Automobile
SEC—
With
Files
for
December-
for the week
Graham-Paige will transfer
and certain other assets or
he
according
division,
stock was resold imjnediately to A. G.
Inc., for public distribution.—V. 165, p. 685.
The
Becker & Co.,
due 1956, amounting to $8,524,000.
interests,
$3,000,000
of
sum
Ten thousand shares were issued to
share.
per
Sterling Drug, Inc., together with $354,000 cash in ex¬
change for 104,959 shares of common stock of Nyal Co.
agreement.
said, will retain, through Frazer Farm Equip¬
Corp., a wholly-owned subsidiary, its farm implement business
includes manufacture of the Rototiller farm machine and the
ment
in
automotive
the
$31.25
Highway
the
agreement
an
Chemical
Corp.—Secondary Offering — A
9,250 shares of common stock (par $1)
offered Jan. 24 by A. G. Becker & Co., Inc., at
about
of
were
for
to
3413.
p.
was
voting
has
Corp.—Weekly Output—
corporation
it
Corp.,
of
164,
$641,130
$663,521
end of period
surplus
Heyden
board.
outstanding
favor
in
sale
thereof.
lieu
in
Gross
1947, amounted to 136,904,592 kwh., an increase of 20,842406
or 18.0%, over the corresponding week of 1946.—V. 165, p. 684.
voted
been
the
of
5,024,033
the
71,253
78,624
declared
(Mich.).
the
meeting
Kaiser-Frazer
Chairman
of
effect
gives
its
to
Graham-Paige,
subordinated
convertible
special
a
opposed.
were
Kaiser-Frazer
surface
York
4'>
ratification
pers,
'
had
company
addition
In
to
1945
and
59.3%
at
to
assets
Frazer,
W.
that
vertible debentures of Graham-Paige,
the
Engineers."
said
the
approved
entered
into
by
the two companies on Dec.
12, 1946, under which Kaiser-Frazer will
issue to Graham-Paige 750,000 shares of Kaiser-Frazer common stock
and assume the interest
and
principal of the outstanding 4%
con¬
The
special
a
of
than
Less
Joseph
by
Frazer
shares
railroad passen¬
intention of going into the
no
Mr.
5
automotive
company's
announced
Feb.
on
Equipment Business—
Farm
Retain
stockholders
The
and construction
The
surplus
block
March 15 and
75 cents each;
Jan. 15, $1;
15 and Nov. 15,
follows:
as
50 cents each; Sept. 16, Oct.
16, $2—V. 164, p. 2958.
15,
the common
On Jan. 15,
on
15 to holders of record March 1,
distribution of $2 per share was made.
year-end
Payments
share has been declared
per
March
payable
a
June
Experimental Project—
announced that the General Motors Train
of
—V.
Dividend—
Gorham Manufacturing Co.—75-Cent
A
and Dec.
improvement of railroad travel in future years, will be ready for public
exhibition this Spring.
The cars are well along toward completion at
Total
Dividends
161, p. 1317.
miscellaneous assets.—V.
cash and certain
Earned
includes
booklet
The
:
Net
Non-oper.
209.
p.
10.000
company
securities,
partment.
ao
445,773.
17,464
102,938
offered at public
auction on Feb. 13 by Adrian H. Muller & Son, auctioners.
The com¬
pany is a closely held corporation with 60,000 shares outstanding.
The shares will be offered first in parcels of 500 shares and there¬
after as a single block.
A minimum bid of $27.50 a share will be
required.
The shares offered are part of a block of 24,000 owned by
the estate of the late Sidney J. Hernstadt, former President of the
A
$709,265
535,913
137,068
Balance
leases
booklet containing complete technical and application
data on G-E insulating varnishes has been issued by the Resin and
Insulation Materials Division of the General Electric Chemical De¬
44-page
of
$309,222
49,655
*802,175
Gilmer Oil Co.—Stock Auction Feb.
The
New Booklet Issued—
on
$66,465
company.
A
of
$75;933
"794,353
railway
oper.
1946—12 Mos.—1945
1946—Month-—1945
-
Taxes
railway...
"Deficit.—V.
revenue
*178,577
income
1—
from
Light Co.—Earnings—
55.491
Operating
*156,047
railway
Jan.
Net
a
the
1945
$518,558
railway
oper.
From
company's
six
•
Net
Net
Appliance and Merchandise Department has pur¬
437,000-square-foot factory in Lowell, Mass., from the War
Assets Administration, H. L. Andrews, Vice President, has announced.
The second Lowell plant to be acquired by the department within
The
chased
from
Gross
Gas
Period End. Dec. 31—
1946
December—
Government Plant—
Electric Co.—Purchases
General
-
Haverhill
Georgia RR.—Earnings—
inventories (liquor, food, and
$6,463;
(trade),
lixed assets
issuance
for
each
dividend
ceived
25
of 10 cents per share on the capital
holders of record Feb. 5. Following
last year, of one additional share of stockshare
as of
record Oct. 25. 1946, a quarterly cash
of 12 Vi cents was paid on Nov. 20, 1946. The old stock re¬
cents each quarter.—V. 165, p. 685.
the
on
Oct.
held
31,
Volume 165
Illinois
Number 4567
Central
RR.
Period End. Dec. 31—
Net
oper.
revenues
oper.
expenses
tax
&
rents
4,987,909
"5,122,597
178,165
income
oper.
66,187,182
22,558,597
39,208,695
0250,923
2,440,181
ing dividend
"807,191
17,889,905
23,906,043
137,494
6,134
1,594,453
1,325,061
5,320
available
1,257,724
626,454
received
"2,058,781
937,847
165,
18,857,904
988,320
All
23,919,751
11,395,329
12,222,269
collateral
bank
2 'it-
"3,047,101
7,462,575
The total
the
year
the
end
net
the
from
11,697,482
per
except
outstanding shares.
at
1945
1944
$1,999,618
$1,749,931
8,415
52 875
50,100
.
1,466
14,738
64,815
$2,483,797
$2,117,308
442,513
416,766
309,265
$2,673,109
$2,067,031
$1,808,043
$1,557,324
dividends
$2,486,387
tl,998,802
1,708,714
1,623,816
of
lealized
^Exclusive
gain
from
sales
dividend)
interest
$1.25
income
as
or
elected
all of
from
realized
be
taxable
the
basis
of
from
bonds.
net
share,
per
as
Current
1947—Month—1946
Jan.
on
gain
investment
on
Federal
investment
company"
since
Net
and
tax
and
on
has
the
(including realized gainsi.
ASSETS, DEC. 31,
investment
securities
1946
securities
market
at
issue
shares
of
assets
quotations
$5
stock
outstanding
value each)
(authorized
164,
Taxes
oper.
revenues
oper,
Net
fr.
rev.
tax
ry.
Public
Other
income
"$29,714 "$3,024,566
100,229 01,658,731
$255,506
1,041,127
"$701,089
0807,981
117,802
117,733
1,676,162
$247,745
$1,483,568
$2,461,783
6,833
67,697
for
"$1,476,735
"$2,394,086
deficit
3.191
39,930
iO.
the
165,
503,003
Steel Co.
(&
$1,531,302
other
revenues
1945
$
218,756,983
its
and
deprec.,
at
and
debt
license
the
claims
plicable
tax
of
prior
years
11,147,568
adjustments
1945
at
< net
2,106,307
1,533.204
1,003,610
1,040,000
for
Federal
income
Provision
for
Federal
excess
for
for
reserve
of
stock
earnings
"Net
issued
Cr74,000
15,556,897
to
Cash
The
1945.
income
deducting
mium
for
strike
paid
in
'
$6.04
1945
amounted
outstanding Dec.
the
at
1946
costs
the
of
split-up of capital stock was approved
annual meeting held April 24
1946.
$15,556,897 represents the net return after
and
retroactive
redemption
of
of
pay
the
$3,041,850
company's
first
the
and
pre¬
mortgage
3%
bonds, series "F," due April 1, 1961. of $1,107,850.
NOTE—In
insurance
.
November,
companies
for
the
sale
3%
bonds
ovens,
of
bonds
due
1,
1961
and
reimburse
to
the
Finance
Corporation,
capital expenditures
and
and
the
other
company
balance
corporate
in
the
share
Stock
on
on
4,899,315
payable
Feb.
split-up
on
28
May
to
Jan.
28
shares
holders
declared
will
of
of
issued
record
and
Feb.
dividend
be
available
of
outstanding
11.
Since
the
40
cents
capital
3-for-l
per
on
the
Jan.
cn
Feb. "15
payable
31,
to holders of
31.
15,
last
year
made
were
semi-annual
a
of
52
follows; Feb. 15, 56 cents;
and a special of $1.38.—V.
as
cents
-
and
165,
'
stated
the
of
split-up
$29,639,621 $23,809,84®
stores
factories
Less
that
the
of
board
Cost
the shareholders that
$37,571,691 $31,036,191
sales
sales
of
and
listed
on
Cleveland
the
$20,000,000
than
increased
from
Interest
in
about
ENDED
and
Net
the
6,380,010
profit
Federal
NOV.
to
Net
$7,887,382
$10,502,623
8,475,884
$5
$8
preferred
Dividends
606,387
on
common
$1,352,871
26,814
$338,983
$1,322,391
128,848
$1,381,609
17,886
125,000
197,405
194,909
Accounts
586,076
718,601
U.
of
reconversion
for the year,
prior
war
$3,648,965;
claim
to
basis
peacetime
$1,768,191;
Series
Gross
J.
due to an officer of
par),
total,
"B"
1946—12 Mos.—1945
22,290
18,631
246,666
147,751
145,828
9,167
123,750
109,1§7
income-
$39,870
$38,818
$441,249
$405,658
(net)-—
Orl,869
Dr726
7,659
Dr 565
$38,001
$38,092
$448,908
$405,092
8,000
8,426
100,628
103,319
$30,001
$29,666
$348,279
$301,774
25,067
21,992
26,187
income
-
_
Dividend
Co., Ltd.,
preference shares
shares
"B"
Preference
shares
"C"
Common, dividend
for
"A"
—V.
Fed.
preferred
164, p. 3414.
$9,059,30®
678,193
/'
3'
taxes
maturing
income
on
1953
1948
to
to
1953
1960
•
Reserve
for
Future
contingencies:
inventory
restoration
For
(incl.
lasts,
Capital
Earned
&
facilities
„„
„„„
30,435
31,26®
.
o-.nrirn.
2iu,ou®
mm
oo2*?2a
3,227,450
.-"Lk
-
57,00®..
•>
s.zu.xm
------
.
«.g®
292,739
81,245
1,059,1,
$10,439,160
;
202,bJ3
22,878
1,639,056
surplus
surplus
165," p".
828,00)>
17,700
57,000
dies)
stock
Total
—V.
590,00®
828'°nn
510,000
general contingencies
$5 prior preferred stock (no par)
$8 preferred stock (no par)
Common
421,801)
-.,««««
price decline
of
manufacturing
patterns
^82,00®
444,553
505,000
<net)_*
payable
Managers'
security
deposits
and
employees
U. S. Savings Bonds Payments (Contra)
•
J30.952
------
—
85,000
maturing
notes
Notes
$9,059,30®
686.
Knapp-Monarch Co., St. Louis—Stock Sold—A block
2,000 shares of common stock (par $1) was offered;;
and sold Jan, 22 at $11 per share by Vilas & Hickey. ^Th®
stock was sold on behalf of Andrew P. Knapp, President,
of
who received the net
proceeds.—V. 165, p. 539.
and
"D"
paid, J. P. S. Co., Ltd
Kroger Co.—Current Sales
Increased 35.7%—
21,992
80,417
76,233
91,800
91,800
.
^ /r;
$129,004
$85,562
average
the four weeks ended Jan. 25,
2,605 stores in operation, as
of
sponding period last year.—V. 165, p.
ffi |
$5I,Mol664 $38,29746932
SafeTr W6!k! E_nd!d
During
Balance
31,2b®
1,307,42®
Requirements:
Preference
stock
172,069
30,435
1,585,917
3
1,304,337
liabilities
prior
maturing
202,453
12,167
10,417
deductions
S.
$5
notes
For
740,339
income
P.
256,992
Payments
Mortgage
868,829
oper.
1945
$2,713,849
reserve
miscellaneous
"A"
years
patents,
12,751
Income
Bonds
payable
Provision
60,935
accruals
income
less
payable—trade
&
(net),
$1,603,444
Taxes
31
$10,439,160
Accounts
Series
$1,828,245
-
DEC.
6'fco'noo
Savings
Dividend
$139,718
$159,499
74,170
life insurance
LIABILITIES—
in¬
1946
accounts
receivable
for refund of prior
1946—Month—1945
SHEET
etc.
expenses,
S.
Accrued
$124,865;
acquisition,
BALANCE
Total
331,537
years.
and
notes
on
1946
$1,766,799
receivable,
523,457
$433,453
transferred from reserve for
SHEET, NOV. 30,
$949,130;
revenues.___
received
(Contra) —
Fixed
assets, less depreciation & amortization
Lasts, patterns, dies, trade marks and goodwill
28,475
$310,061
248,653
248,653
cost
$510,553
Managers' security deposits and employees'
$468,747
operations
in
amount
ASSETS—
200,000
484,871
provided
of principal
CONSOLIDATED
100,000
$1,108,202
450,00®
450,00®
value.
Cash
6,169
Prepaid
estimated
excess
stock
stock
Merchandise
over
Cr72,650
of
$510,553
325,524
100,430
202,739
stock
28,737
(net)
___
preferred
prior
surrender
cash
$1,295,577
24,142
Jamaica Public Service Ltd. (& Sub.)—Earnings—
Utility
contingencies—
income
Dividends
prior
Period End. Nov. 30—
Other
general
300,000
$1,307,130
for
reserve
Dividends
5,928,123
731,161
905,021
reserve
1,040,00®
—
Appro,
1943
765,000
surplus
res.
tax
"Credit
30
1944
the
company,: $46,455;
capital stock
(198,921.35 shares, no
$2,381,203; capita] surplus, $35,460; earned surplus, $2,675,771;
$7,408,186.—V. 164,. p. 2287.
Retire,
income
profit
$314,840
properties in process of
Operating
Operation
amortization
and
for
32,248
of
$1,777,562.
227,009
1,200,000
(net)
pre-war
118,013
tax
$1,806,126
48,421
19,857
$1,607,130
credits
Provision
orders,
unfilled
$4,000,000
1945
1,176,423
26,377,967
$3,079,167
272,037
expenses
charges
Miscellaneous
Net
YEARS
29,477,451
$3,079,964
41,366
40,569
operating
profit
$1,905,450
from
2,852,099
$32,557,415 $28,184,093
66,189
of
5,014,276
sales
sales
Net
payable to banks, $300,000; accounts payable,
accrued
liabilities,
$259,214;
dividend payable, $273,517;
for ^estimated Federal income taxes, $786,722; balance due
$524,979;
on
7,226,351
7,932,070
inter-company
Net
shareholders
is authorized
$7,599,872
exp.
inventories,
provision
1945
1946
12 Months Ended Dec. 31—
LIABILITIES—Notes
stock,
last year, the following cash distributions have
been made: June 1 and
Sept. 4, 40 cents each; and Dec. 2, a year-end
-of 70 cents.
The stock outstanding prior to the
split-up received $1
per share on March l, last year.—V. 164, p. 2831.
8,
share
declared
was
that a regular semi-annual distri¬
Keystone income preferred stock,
announced
per
cents
55
$1,839,261
cost
Preference
cash
165, p. 211.
686.
for one, thereby broad¬
that this matter is to be
profits tax, $82,000; fixed assets
(net),
deferred charges, $64,303; total, $7,408,186.
Net
a
of
Sales
and
purposes.
To Pay 40-Cent Dividend—
directors
(no par).—V.
two
$11,130,471
Maintenance
the company issued and sold to eight
investment purposes $50,000,000 of its series
bonds due Nov. l, 1976.
The proceeds from
used to redeem the series "F" first
mortgage
1946,
$13,250,000 for the purchase of the blast furnaces, coke
docks and other facilities known as Plancor 266 from the Re¬
future
The
of
of
construction
for
were
April
shares
$634,048
now
FOR
4*G" first mortgage 2 65%
.amount
stated
22
split
excess
shares
539.
p.
.
707,879
Split-Up
7,996,774
ASSETS—-Cash,
$1;
Net income for
1,633,105
on
has
corporation
Payments
Aug.
$1,341,927
three-for-one
by the stockholders
Net
share
per
Jan.
to be held on
it is proposed
outstanding shares on the New York
has
BALANCE
1 633 105
$3.18
other purposes.
$6.04
or
record
contingencies
"Portion
9,861,210
$15,556,897,
$9,861,210,
"Kl,"
Depreciation
dividends
4,899,315
from
tory price decline and
165,
Amend Charter— ,r
44,118
taxes
for
14,544,121
stock
Si,012,776
31,
surplus-
above.—V.
Co.—To
discts.,
9,861,210
operations
for
the
year
ended Dec.
31;
1946
or $3.18 per
share on 4,899,315 shares'of
outstanding at the end of the year before
deducting
credited to contingency reserves for possible future inven¬
amounted
-capital
to
outstanding
will mature
balance
$1,297,809
He
more
1,012,776
share
per
income
transferred
and
The
bution
today.
refunds
refund
$895,596;
Balance of net income
Electric
&
to 6,000,000 common
par),
series
are
has
sold
profits tax
Balance,
651,813
contingencies
(no
361,795
the
shares
depreciation-
3Transfer.
.
Shares
less
contingencies
Appropriation
outstanding
Any
bor¬
amount
Keystone Custodian Funds, Inc.—55-Cent Distribution.
1945
940,128
be
the
list
to
Te
volume
income
years'
4,395^000
3]85o|208
9,072,150
-
principal
consummation
3,050,360
Exchanges.
income
Estim.
600,000
income
1947.
principal pay-
monthly
aggregate
Co., for retirement of American's preferred stock.
Among
changes sought is the increase of 600,000 shares of common
$6,967,658
in¬
profits taxes
1,
the
has asked the SEC for authority to amend its charter
of a plan by its parent, American Power
company
facilitate
charter
275*522
recommending to
stock
deductions
Prov.
taxes
Gas
Light
684,035
Jan.
on
Was
if
profit
cluded in
Net
The
602.
profits taxes
excess
income
Excess
$3,391,912
Provision
p.
agreement,
of
3%
Graham-Paige Motors Corp.
&
for
633,527
ap¬
after
155,
credit
of
Oct.
start
Kansas
the
to
used
be
1949.
1,
to
be
716,525
meeting
that
& admin,
for
Normal
and
facilities
war
to
applied
will
578,714
market.
company
goods
Total
•_
amortization
to
See
with
taxes
income
of
annual
and
$12,000,000
gen.
Other
premium paid
infringement
shares
collateral of Kaiser-Frazer, in¬
guaranteed by the Kaiser interests
various
'
the
of
amount
"Representing
186,041,621
6,633,572
dispute
Accelerated
come
patent
connection
terms
the
by
will
ana
Frazer.
Acquisition Approved—
the
to
1946
219,120,624
184,458.447
unamortized disc. & exp. on debt retired)
to Inland Steel Co. pension trust
of
will
Oct.
cn
1,099,491
Payment
Settlement
be made available if required
company's expanding produc¬
by Henry J. Kaiser, Chairman of the ;;
1
Co.—Earnings-
President?;
renegot.
Prov
depletion
(incl
Arranged—
Bank of America, N. T. & S. A.,
Big Board—
company
Stock
sales,
of
Sell.,
218,021,133
amor¬
'
amortiz.
funded
on
in
property.—V.
move
Co.—Plans
shares
annual
etc.,
Cost
218,756,983
exp.
used
28,150
on
this
present
Other
for
be
$2,198,341
application
Gross
Total
Loan
the
for
Feb.
on
secured
assets,
W.
the
in
rowed
addi¬
cash.
1,033,537
Exchange.
Gross
provided in prior years for inventory res.,
etc., no ionger required and restored to inc.
&
Under
be
will
fixed
168,300
$1,192,954
1947,
about
to
Amts.
depreciation,
incurred
common
1946
1946
of
sales, exclusive of
tization
and
depletion
the
loan
Joseph
the
from
company's
on
Stock
Subs.)—Earnings—
Cost
of
income &
Machine
the
Cincinnati
$1,515,628
$
and
financing
announced
$7,860,774
Federal
Mandt,
8,
and
$2,937,019
Years Ended Dec. 31—
sales
of
sale
EARNINGS
Inland
will
bonds
new
of
net
outstanding
make
to
506,942
74.
p.
Corp.—Bank
74.
p.
G.
ening
38,912
51,376
$266,807
"Deficit.—V.
in
depreciation
List Shares
"$696,774
3,194
44 515
.charges..
The
cluding
and
company's outstanding 6%
$168,000 will be used to reimburse the
all
income
165,
At
Net
.,
$4,000,000 was transferred from reserve
account for the first quarter of 1946
Accordingly,
adequate
was
Total
42,405
"$219,098
fixed
it
453,242
Jaeger
$1,012,179
deductions
Total
insure
tion
filed
an
outstanding
deductions
Feb.
income
to
3,638,427
earnings
—V.
1,119,071
28,647
Misc.
provide for possible losses and unforeseen contingencies arising
Kaiser-Frazer
Sales
17,093.223
_
Railways
$3,500,000
for
have
revenues
income,
voted
Total
fourth
in
account
p.
Net
$16,392,134
16,123,807
rents
to
sell
will
expenditures
Service
Fed.
Net
$16,379,313
opers.
the
Co.
$2,226,492
4,380,644
deficit
oper.
,
adopted by the corporation with respect to reserve for
created out of income for the inclusive years 3941 to
the World War, is to transfer to income account such amounts
required to absorb the cost of strikes and other matters incident
riients
common
the
of
of
sum
acquisition
for est.
Total
$1,356,078
accruals
ry.
fourth
for
The corporation has arranged with the
for a line of credit up to $12,000,000, to
the SEC
competitively $22,-
bonds, and the balance will be
acquisition of additional property.
and
directors of
Net
facilities
emergency
t$2.91
contingencies to income
ol
the
extraordinary expenses incurred as a result of
January-February 1946 Steel strike. If that transfer had not been
made, the results for the year ended Dec. 31, 1946 would have been
reduced accordingly.—V. 164, p. 3145.
1946—12 Mos.—1945
1,500.624
Equip, and jt. fac.
thereto.
(G. R.) Kinney Co., Inc. (& Subs.)—Earnings—
$1,470,910
expenses
sale
redeem
capital
from
than
Other
Indiana Harbor Belt
RR.—Earnings—
1946--Month—1945
sell
new
and
other
Prov.
3144.
p.
and
Maintenance
2,953,068
$55,566,741.—V.
Period End Dec. 31—
.to
with
Railways
12 Months Ended Dec. 31—
$23.79
cost,
&
Operation
5,000,000
share
at
of
stock
412,968
par
incident
reconversion.
all of which will be owned by Railways.
par),
the
The
the
of
Iowa
68,239,975
$70,255,526
per
expenses
on
the
quotations)
292,102
capital
"Investments
®Net
notification
Light
issue
to
Iowa-Illinois
to
for
proceeds
construction
market
at
bonds.
construction
The
OF NET
United
of
authorized
of
from
treasury
Provision
-
letter of
a
proposal
sale
$16,000,000
5V2"r
issuer's
has
distributed
company
liabilities
of
all
8,082,082
1,998,212 shares.
tAfter
§And for 1945, amortization
quarter
$6,900,000 and for
tBased
board.
a
($100
proceeds
of
SEC
this
to
shares
common
securities
income
the
assets
Shares
shares.
are
on
$2,713,773 $52,318,127 $44,327,663
mortgage bonds, due 1977.
also proposes to issue and
shares
35,000
extent
for
the
company
Operating
Int.
filed
24
subsidiary
a
first
of
The
dividend).
made
with
4.
Subsequent
$70,547,628
Net
2,476,502
for
1947—12 Mos.—1946
expenses.
company,
tional
of
$3,704,595
receivables
Current
"$1.77
on
as
539.
p.
2,367,774ft 10,854,084, |
f$0.90
*$3.79 V
$10,897,902.
flAnd for 1945,. adjustments of accruals
$4,399,000 and refundable amount $4,925,000.
1944 to
out
in
maturing
shares of capital stock to be offered at $1 a share without
Proceeds will be used for mine and mill equipment and
operating
000,000
capital
a
of
Total
Prov.
notes,
1956.—V. 165,
share-
com.
4,560,000 Cr3,367,000
2,108,000 Cr9,324,000
tt4,744,824
contingencies
Department Stores, Inc.—January Sales—
company
The
$1,849,685
"Investment
Net
2%
Iowa-Illinois Gas & Electric Co.—New Plan Filed—
realized
account
Cash
Ry.
unsecured
new
'
ttThe policy
211.
p.
65,000
for
investment
on
^Exclusive
gains
income
stating
on
unrealized
"regulated
a
net
losses
share
(designated
cents
rail
been
or
for
Feb.
and
per
$3
securities
realized
gain
has
gains
or
eight
or
reorganization
capital
a
unrealized
$8,231,634,
STATEMENT
Ry.
all
underwriting.
investment
provision
on
to
its
of
on
share
per
NOTE—No
and
of
$219,510,
ana
received
(designated
Ry.
$18,000,000
$
quarter
288^230
income
3Exclusive
.
and
war
year
money
$3,182,847
165,
The
$1,845 554
securities.
Net
of
Loan—
SEC—
45,522
$3,115,622
"Net
per
"Based
Interstate Mining Corp., Carson City, Nev.—Files with
1943
$2,460,644
Expenses
(On
with
Sales
—V.
income
Total
or
released
purchase
Period End. Jan. 31—
The
$3,114,153
stock
Interest
gain
minor
Interstate
$83,530,669 at the beginning of
1946
in
Co.—Refunds
txs.
income
Earns,
'
ACCOUNT, YEARS ENDED DEC. 31
dividends
Dividends
been
273,036
prof.
cxc.
to
by 2,^4,299 outstanding shares, to $70,255,526
INCOME
and
l'
57,140,251 247,009,461 284,741,818
2,371,704 26,689,181 26,986,568
9,090,256
10,263,856
21,287,900
237,674
1,011,241
983,586
for Federal
prov.
Net
Report—
represented by 2,953,068
share decreased 14.9',/.
year
value
asset
decreased
assets
represented
of
Paper
has
varying semi-annual instalments through Dec. 31,
Investors—Annual
inc.
pledged under the company's $20,385,000 secured serial
loan
balance
Incorporated
2,744.317
charges
Mos.—1945
"j '•»» '*
§Prov. for depr. & depl.
satisfactory price for them.—V. 162, p. 2149.
a
5$
73,389,063
9,870,177
jlEstd.
11946—12
1946—3 Mos.—1945
<
oper. revs.__
fr. operations..
Interest
mortgages against its prop¬
liens, are being discharged, it
was announced on
Jan. 31 by John H. Hinman, President.
The com¬
pany paid off $2,385,000 of the old loan on Jan. 31 and replaced the
539.
p.
firm offer at
a
•
and
tlncome
its
International
2,646,119
Sales
deducting
for
1,708,272
"Deficit.—V.
to
1,311,353
erties,
net
and
the clearing up of
the trustee's counsel,
voting trust certificate holders.
The report disclosed that the Realization
company borrowed $10,000
last year to
meet current operating
expenses.
With respect to the
523,349 Swedish Match "B" shares, the only securities owned by the
company,
the
report
stated
that
the
directors
to
date have
not
3,072,444
2,513,945
deductions
charges
charges
Cash
with
by the trustee in bankruptcy
for the International Match
Corp. within the next two months.
Upon
receipt of this the Realization company expects to declare a liquidat¬
facility
fixed
Cash
-h
company
on
Jan. 31 reported that
the matter of compensation for the trustee
a
final liquidating dividend will be paid
42,888,683.
2,295,799 Cr4,064,483
income
Income
net
Period End. Dec. 31—
The
20,162,851
(net Dr)
Miscell.
Fixed
$
15,040,254
14,046,698
accruals--
joint
ry.
Other
$
811
Jones & Lauglilin Steel Corp, (& Subs.)—Earnings—•
Expected—
"
$
19,034,607
from ry. oper.
rev.
Net
dend Soon
1946—12 Mos.—1945
,
Railway
Equip.
International Match Realization Co., Ltd.—Final Divi¬
-Earnings of System—
1946—Month—1945
$
Railway
Railway
m
THE COMMERCIAL & FINANCIAL CHRONICLE
211.
1947, the company had an,
against 2,728 in the corre¬
..
*'
is i
.
Laundry Co., Inc.—Seeks Tenders—
% The. Bankers
Trust Co., trustee, 16 Wall St., New York, N. Y.,
will up to and including March 1, 1947, receive bids for the sale to it
of first (closed) mortgage sinking fund 6V2% guaranteed gold bonds
io an amount sufficient to exhaust the sum of $7,459, at prices not
to exceed
105 and interest.
Moneys in the sinking fund will be
applied to the retirement of accepted tenders on April
1, 1947.
4
Liickawanna
164, p. 1596.
Inc.—January Sales Up
(M. A.) Lamston,
J2o|%4
My ol January-
e
21.2%—
SM
dividend of 10 cents per share has been declared on the
stock, payable March 1 to holders of record Feb. 14.
A
special distribution of 15 cents per share was made on this issue
on Jan.
10
this year.
Payments of 10 cents each were made on
Marclj 1, June 1, Aug. 31 and Nov. 30, 1946, making a total of 40
cents, for the year.
Tbg usual semi-annual dividend of $3 per share on the preferred
stock: has also been declared, payable May 1 to holders of record
April 30.—V. 164, p. 3145.
A regular
cotmnpn
(& Subs.)—Earnings—
Bryant, Inc.
Lane
tomers
to our cus¬
$22,533,372 $18,209,807
1,443,775
2,030,033
-
operations
from
Profit
Provided for wear and tear
accounts due to use
Interest on money borrowed
of
our
property
62,944
21,423
529,000
58,066
36,406
1,136,000
$830,408
242,325
$799,561
164,364
$588,083
profit
Dividends to stockholders (common and
pfd.)__
needs
shares of common stock outstanding at
Reserved for future
of
No.
"AjEter
V.
165,
for
two
P-
common
one
stock
and circulating in 105 overseas countries.
Other independent publishing properties and operations involved in
this
integration of activities include;
The
McGraw-Hill Publishing Co., Ltd., of Great Britain, which
(per share)—
for the
service
centers
trade
With
Lansing, Mich.—Files
Inc.,
SECletter of notification with the SEC
stock to be offered at $2 a share
Proceeds will be used for plant expansion and
Thp company on Jan. 27 filed a
jjl,666 shares ($1
fQ»
par)
underwriting.
capital.
Without
working
common
and
Tire Corp.—Annual Meeting Date—
L#e Rubber &
Feb.
on
27,
will be asked to amend the by-laws to
meeting
the annual stockholders'
February.—v. 163, p. 1866.
(James) Lees & Sons
to
last
the
Thursday
in
Co.—Listed on Big Board—
Stock Exchange recently approved for listing the
outstanding 317,500 shares of common stock and the outstanding 30,000
shares of 3.85% cumulative preferred shares.
Trading in the shares,
Which began Jan. 31, 1947, represents the first public dealing in its
securities in the history of the company.
Uiftil November of last year the stock of the company was closely
held.
At that time there was public offering, through a nationwide
investment banking group headed by Morgan Stanley & Co., of 203,833
York
New
The
of commoji stock,
standing common shares,
shares
constituting approximately 25%
of the out¬
the stock so offered being for the account
At the same time there was offering
cumulative preferred shares, of which
14,399 shares were offered in exchange for the then outstanding 7%
cumulative preferred stock of the company which has since been retired.
The company has paid dividends on its common stock in each year
since incorporation in 1895 with the exception of 1938.
On Jan. 22,
last,r a quarterly dividend cf 35 cents was declared, being the first
to he declared since the stock was split up in October 1946 on the
basia, of 33 V3 shares of the present stock ($3 par) for each one share
of the old $100 par value stock.—V. 165, p. 540.
of certain selling stockholders.
of the 30,000 shares of 3.85%
Lehigh Valley
Transit
Co.—Sale
of Generating
international book publish¬
212.
Clearwater, Calif.—Files With SEC—
The company on Jan. 31 filed a letter of notification with the SEC
for 2 200
shares ($1 par) capital stock.
Of the total, 1,200 shares
will be sold by Edward A. Pellegrin, a director, and 1,000 shares will
be sold by Fred H. Brown, Vice-President, Treasurer and director, to
Dean
Witter & Co., Los Angeles to cover short account for sales
previously made to public.—V. 164, p. 3415.
Sta¬
Wash.—
Mining Co., Inc., Spokane,
Maple Leaf Gold
The SEC on Jan. 31 approved the sale by the company to Pennsyl¬
& Light Co. of the steam electric generating station at
Alleptown, Pa., and electric substations at Catasaqua, Sellersville and
Bethlehem, for $1,500,000 in cash.
Proceeds from the sale will be deposited v/Ith the trustee under the
mortgage securing Lehigh's outstanding bonds, to be used for their
refinement in accordance with a plan lor the rearrangement cf the
company's capital structure.
Lehigh is a subsidiary of National Power & Light Co. and Pennsyl¬
vania Is a subsidiary of Electric Bond & Share Co., National's parent.
—V. 164. p. 1723.
f
The
with the SEC
Jan. 24 filed a letter of notification
common stock to be offered at 15
on
company
totaled
32,157,000
kwh.,
for
company
as
compared
the week ended Feb.
with 26,123,000 kwh.
1, 1947,
for the
corresponding week last year, an increase of 23.1%. Output for the
52 weeks ended Feb. 1, 1947, totaled 1,496,236,000 kwh. as compared
With 1,397,191,000 kwh. for the previous 52 weeks, an increase of
74%,—V. 165, p. 687.
.
Louisville (Ky.) Soy Products Corp.—Files with SEC
The company on
r
Jan. 22
fqr 20,000 shares ($5
without underwriting.
^
par)
filed
a
to
be
will
be offered at $6.30
used for additional
share
working
a
capital.
The announcement -said the comis to spend $3,500,000 of its own money before drawing on the
loan.
as
the figure
during the year also set a
$36,967,603 at the close of
,
for Federal
provision
after
year,
J
„
,
the
for
earnings
net
1946
during
gain of $2,756,325 over
a
taxes,
shares.
equal to $8.93 per share cn the same number of
annual report to stockholders, President T.
come,
J. Falvey notes
the
In
for Federal taxes, "underwriting operations
24 cents per share, as compared to $5.17 in
before provision
that,
pro¬
of
the
Investment earnings showed an increase from $5.53 per
share to $5.97 per share.
Our present dividend rate of $4 is thus sub¬
stantially covered from the earnings on our investment alone."
For 1946 the company reports that the ratio of losses and loss ex¬
penses incurred to premiums earned was 57 05%, compared with 55.03%
in
1945, and the ratio of expense incurred, excluding Federal taxes,
to premiums written
was 40.07'- , compared with 37.59%
for the pre¬
ceding year.
In connection with these items Mr. Falvey said:
"Reserve for claims increased by $1,170,800 and the reserve for un¬
profit
a
These increases reflect the
results of increased permium income,
as evidenced by the fact that
the ratio of losses incurred to premiums earned increased only 2.02%.
"The increase of 2.48%
in the expense ratio over 1945 is due in
large part to commissions paid, which show an increase of 1.83%.
There was no change in the scale of commission rates but there was
a
loss during the year of war contracts, previously written at reduced
commissions,
and
premium writings have increased on
those lines
earned
$1,094,241.
increased
premius
the higher commission rates.
"Notwithstanding these additional costs and
of our
securities, we were able to
interest.
It
The company is to turn out houses of
an
the decrease in market
maintain a .surplus of
$10,000,000, assigning $1,005,940 to the voluntary reserve."
Total surplus to policyholders,
including capital of $2,000,000, sur¬
plus and voluntary reserve amounted to $13,005,940 at the close of
1946.
Total liabilities except capital amounted to $23,961,662.
The report notes that all securities have been valued in accordance
with the requirements of the National Association of Insurance Com¬
missioners and that, on the basis of actual Dec.
31 market values,
total assets would have been $37,573,449 and surplus to policyholders
would havf? been $13,611,787.
Of the admitted assets at the close of
1946, 50.71 ">■ was represented by cash and United States Government
bonds.—V.
163,
655.
p.
>
& Sons has
placed privately $2,000,000
debentures, due Feb. 1, 1967. The
proceeds will be used to pay off bank loans and for gen|: era! corporate purposes.
V
The company imports, manufactures and distributes spices extracts
mayonnaise and mustard products, household and agricultural
insecticides, drug specialities and glues.—V. 161, p. 2335.
teas,
notification with the SEC
Jan. 27 filed a letter of
on
company
6-year 4'/2% notes and 45,000 shares ($1 par) common,
to be offered initially for subscription to stockholders in units of $50
of notes and ten shares of common to record holders of ten shares
of
price will be $66 per unit.
There are no under¬
will be used to acquire additional vessel and other
Offering
common.
Proceeds
writers.
fgjgMcCrory Stores Corp.—January Sales Incr. 12.09%—
'
Month of January—
1947
g Sales',.—
•M
)
The
lg46
$5,518,770
company
in
January,
1947,
had
199
stores
in
$4,923,517
operation,
of
Tons
Net
59,740
and
Development
$41,933
4,420
revenue
$91,574
Nil
operating profit
$88,233
3,341
$46,353
Estimated
Non-operating
13,276
expenditure
Capital
—V.
163, p.
2728.
Michigan Gas & Electric Co.—Time Extended—
""TlTe SEC has granted the company's application for an extension
March
of
31
time
the
and
within
which
it
transactions.—V.
related
effectuates
164,
plan
a
of
3146.
p.
Michigan Molded Plastics, Inc., Dexter, Mich.—Files
with SEC—
The
for
company
Jan. 21 filed
on
shares ($1
underwriting.
30,000
par)
letter of notification
a
to
be
be
common,
Proceeds
will
used
offered
for
with
the SEC
at $2.50
additional
a
share
working
McGraw, Jr., President and Chairman, on Jan. 27 an¬
the combining of all oversease activities of the company
single publishing operation under the direction of John Abbink
mon
West
Corp.—May Delay Distribution—
corporation
shares
which
the
of
divestment
The
of
such
50.8%
receive
&
stock
of
West
South
the
outstanding com¬
is planning an
as
part of its
Corp.,
shareholders
its
to
program.
merger
Central
of
Public Service
Co.
Feb.
new
The
3.
will
Central
new
distribution
early
underwriters of
into
&
South
Central
company
West
and
Utilities
South West
received
the
American
and
Corp.
Corp. became effective
from the sale to
proceeds
1,342,192 shares amounting to $14,697,000 which funds
now on deposit
with the redemption agent for retirement of the
outstanding unexchanged preferred shares of the two merged concerns.
are
new
West
shares
holding
is
will
receive
Central
of
equivalent
outstanding and will
as
a
&
to
South
1.101
liquidating dividend
next simplification
of North
on
Power
be
&
Light
received
shares,
West
shares
Corp.
for
50.8% of the 6,600,000
to be outstanding.
This
or
each
distributed
in
share
kind
of
at
a
70,808
$837,916
Net
The
of Middle West
This
Co.,
through
a
subholding
successful
liquidation
will
involve liquidation
company
operating
of North
117 000
lioiooo
365,000
Cr44,000
profit
79,970
on
$0.76
class A stock
Divs.
on
common
Earnings
$144,091
58,975
56,858
$0.28
$384,069
Divs.
per
38,788
stock
share
common
to
carryback of operating loss and unused excess profits credit
subsidiary company.
of
CONSOLIDATED
(Except
plus
accrued
BALANCE
Rieke
$705,740;
interest
SHEET
Metal
United
SEPT.
Products
30,
1946
Corp.)
securities,
Government
States
at
market price),
refundable portion of prior
year's Federal income taxes, $44,000; inventories, $549,257; investment
in capital
stock of Rieke Metal Products Corp., subsidiary company
not
accounts
consolidated,
laneous
and
equipment,
and
at
non-current
cost
(less
tion of $694,488), $532,848;
LIABILITIES—Note
$269,970;
$724,132; cash surrender value of life in¬
sinking fund (per contra), $72,218; miscel¬
receivables, $4,563; property, plant
cost,
$35,158;
investment
approximate
(represents
receivable,
at
policies,
surance
for
reserves
depreciation
and amortiza¬
$3,612,534.
deferred charges, $108,312; total,
1946, $40,000;
accounts payable and accrued expenses,
$230,526; customers' deposits
on
orders, $300,825; dividend payable Oct. 15, 1946 on class A stock,
$7,319; sinking fund payment due in Jan. 1947, per contra, $72,218;
Federal taxes on income—estimated, $450,513; notes payable to bank,
due in five annual installments beginning Dec. 31, 1947, $210,000; 5%
sinking fund debentures due serially
from
1952 to 1970, $600,000
minority interest in Monroe Steel Castings Co., $18,051; convertible
class A stock
($5 par), $244,225; common stock
($1 par), $452,927;
paid-in surplus, $565,078; earned surplus, $420,853; total, $3,612,534.
—V.
164,
payable
bank,
to
31,
Dec.
due
2694.
p.
Minneapolis-Honeywell Regulator Co.—Increases Com¬
Dividend—
mon
directors
The
the
on
last
each;
Sept.
extra
ol
cents per share
of record Feb. 15.
as follows: March 9 and June 10, 25 cents
10, 40 cents each; and Dec. 27, a year-end
declared
4
and Dec.
dividend
quarterly
preference
stock,
March
holders
of
record
to
record
March
on
of
50
10 to holders
cents.
convertible
1
dividend
a
payable March
were
year
10
50
usual
The
Feb.
on
stock,
common
Payments
for
the
been
set
date
has
25
of
80
series
Feb.
annual
as
cents
A,
share on the 3.20%
also declared, payable
per
was
15.
stockholders to be held
1947.—V. 164, p. 3146.
meeting of
Feb.
15,
Minneapolis & St. Louis Ry.—Earnings—
1945
1944
$1,136,229
"384,362
171,995
"266,553
$1,223,171
337,964
269,757
$1,228,230
428,677
14,570,115
15,573,061
1,826,537
443,938
593,451
15,250,079
4,352,702
1,795,224
14,821,903
1,831,089
railway...
from
Gross
Net
Net
ry.
railway
from
1943
1946
$1,342,406
December—
income..
oper.
324,735
157,127
From Jan. 1—
railway...
from
Gross
Net
ry.
railway
from
Net
income..
oper.
165,
p.
Gross
Net
ry.
railway
from
"1,119
31,333
34,047
1,905,868
538,130
2,179,785
807,718
1,764,115
676,841
109,322
railway
from
ry.
52,429
210,579
366,389
324,732
1943
184,686
1—
railway
from
income
oper.
165,
Missouri
p.
213.
Arkansas Ry.—Earnings—
&
$141,484
$141,484
3,040
3,040
1944
$231,857
*28,020
*24,152
18,816
*18,816
*46,432
28,786
8,661
1,266,421
7,340
2,158,641
2,575,273
2,178,125
"44,165
540^76
309,508
*194,938
"321,609
131,080
34,649
railway
from
Net
ry.
railway
from
income—
oper.
1945
1945
*$2,810
*23,736
1946
December—
Gross
$159,631
69,194
$174,723
58,955
1,465,210
333,064
income...
oper.
From Jan
Gross
$119,830
"645
1943
1944
1945
1946
$141,079
76,116
railway
from
Net
4,695,942
3,478,557
213.
Central RR.—Earnings—
Mississippi
*
From Jan. 1—
Gross
Net
railway
from
railway
from
income—
"Deficit—V. 165, p. 213.
Net
oper.
ry.
RR.—Plan Upheld by Court—
of Appeals in Kansas City has denied an
application from a group of bondholders to send the reorganization
plan back to the U. S. District Court in St. Louis
^
In
denying the aoplication, the Circuit Court blocked the effort
Missouri Pacific
Circuit Court
S.
U.
The
j
the present reorganization plan
with a plan that would give recognition to the road's preferred and
common
stock.
The court decision ordered the appeals entered by
the bondholders to remain in the docket for disposition in the regular
bondholding groups
the
of
to replace
order.
reorganization plan, which was approved by Judge
the U. S. District Court in St. Louis in January,
old preferred and common stock from snaring
in
the reorganization.
This second "compromise" plan was promul¬
gated by the Interstate Commerce Commission in 1944.
In
their motion to remand the present plan back to the District
Court, the bondholders' groups contended that the trustee had paid
off
$55,000,000 of indebtedness since its promulgation, changing the
road's
financial condition considerably.
The principal interests in the application for remanding the present
plan
include Alleghany Corp., the bondholders' committee of Gulf
Coast
Lines,
holders of general mortgage 4%
bonds, International
present
H. Moore of
eliminates the
controls
The
also
liquidating
Central
in
a
retainable
in
share
Thompson,
trustee
system.
of
for the
insurance group.
Their plan, which
part of 1946, enlists the agreement
bondholding
groups,
according
was
of a
to Guy A.
road.—V. 165, p. 688.
Monmouth Park (N. J.)
Jockey Club—Rights to
Stock¬
holders—
of voting trust certificates outstanding at 3 p.m.
are given pro rata rights to subscribe to 387,500
stock (vtc) at the rate of \xU shares for «^ch
$4 per share.
Subscription rights expire at 3 p.m. (EST) Feb.
and unexercised subscription warrants will be void thereafter.
Holders
company.
(EST)
on
West
shares
of
Central Illinois Public
Kentucky Utilities, Michigan Gas & Electric, Public Service of
and Middle West Corp. of Canada.
Three of these properties,
Illinois, Kentucky and Indiana, are expected to be included
the
formulated
substantial
in turn
are
the
latter
the
and
Northern
Great
held
11
remaining properties include holdings in
Indiana
International Corp., one of its sub¬
Mr. Abbink also is Chairman of the National
79,955
50,135
231 200
_
tax
"Refund
Middle West
future date
the common stock of Middle West.
move
Utilities Co.
West
shares
to
3,559,400
probably be
The
Service,
$667,108
$731,404
and surtax
tax
The
nounced
Publishers
$615,063
116,341
profits
1946
dividend.
Business
3,906,724
George
H.
of
Normal
Excess
Net
tato
President
1945
$4,573,831
3,231,201
depreciation)__
deductions
Other
1945
48,779
$225,598
137,365
1946
produced
operating costs
metals
fiom
expected to be distributed to Middle West stockholders as a
tivities—
sidiary publishing units.
1946
(including
profit
"Deficit.—V.
$211,374
169,441
31—
milled
ore
income
Wisconsin
McGraw-Hill Publishing Co.—Combines Overseas Ac¬
a
Corp.)
Products
income
Net
capital.
Consolidated Mines Ltd.—Earnings—
Matachewan
the
Same number as in January, 1946.—V. 165, p. 212.
James
Total
Net
equipment and to provide additional working
Middle
'-
par
(& Subs.)—Earnings—
Metal
income
"Deficit.—V.
$225,000
Middle
3V$% sinking fund
no
track.
30—
December—
The
for
The
'-Alex. Brown
Sept.
expenses
Operating
Boston, Mass.—
enamel-
McCormick & Co., Inc.—Debentures Placed Privately
I
racing
a
the SEC
B
share without underwriting.
a
$3,846,264
and
Other
Files with SEC—
oft-ateei.
|
operate
with
500 shares of Class
and
valuation
capital.
at 4%
Ended
The
carrying
is to be used as
working capital.
Years
$516,337;
amounted to $883,454, equal to $5.52 per share on the
160,000 shares of stock outstanding. These figures compare with com¬
bined net earnings of $1,429,386 for 1945, after Federal taxes on in¬
income
without
years
to
used
ASSETS—Cash,
written
premiums
total
premiums of $19,413,142
did total admitted assets of
Earned
record,
new
that
high of $20,507,384,
new
a
1945.
for
reports
company
reached
fQllpws: $4,885,000 for machinery, equipment and tooling and $7,615,000
5
Indiana
Northern
,
| of prefabricated veterans' housing.
#RFQ
'$$ The loan is for two
of
Sales
cost
recapitalization,
Lustron Corp.—RFC Approves $12,500,000 Loan—
P»ny
be
and develop¬
Co.—Report—
Massachusetts Bonding & Insurance
until
;?•*
The Reconstruction Finance Corporation on Jan. 30 approved a
;ti* $12,500,000 loan to the corporation to be used in financing production
i
stock
letter of notification
a
Class A stock
par
(Except Rieke
letter of notification with the SEC
common,
Proceeds
20 filed
Jan.
on
$1
will
and Lane G.
Ernest H. Carlson, President of company,
Candler, a director. Proceeds will be used for exploration
ment of mining property.
Total
V
extension until March 31
an
common
687.
cents a share.
shares of
400.000
for
Underwriters,
Three Months Ended Dec.
Louisville Gas & Electric Co. (Ky.)—Weekly Output—
this
the
p.
Miller Manufacturing Co.
"Due
Massachusetts Steamship Lines, Inc.,
vania Power
Stectric output of
company
90,000 of
Proceeds
Files With SEC—
tions Approved—
;
165,
stock. The Class A stock will be sold at $3
Costs
previous year.
The stockholders
Co.—V.
Midget Stadium, Inc., Baltimore, Md.—Files with SEC
The
for
Macco Corp.,
duced
change
of its holdings of
Service
McGraw-Hill domestic magazines.
of
expanded and rapidly growing
distribution program.—V. 165, p.
vastly
A
in the important
McGraw-Hill magazines, with bureaus
of the world.
circulation
Overseas
ing
Combined
Chemicals,
30 granted the corporation
Jan.
on
dispose
Public
publishes The Machinist magazine and supervises
Hill magazines and books in Europe.
....
.
,
.
,
The
McGraw-Hill Digest, a monthly magazine digesting technical
material from the domestic magazines for circulation abroad.
McGraw-Hill World News, a world-wide business and technical news
1946.
339.
Lapaco
to
industries
various
The
*576,014
255,158
">$1.39
$2.99
stock-split and preferred stock conversions.—
end of period
Net earnings on
the interest of the Chilton
Co
Inc
in
Business Publishers International Corp., an overseas
affiliate of the two publishing companies, which publishes five monthly
magazines—with a sixth in development—and five annuals covering
$635,197
_
Federal income taxes
Net.
1945
1946
Ended Nov. 30—
Sates of merchandise and services
6 Months
domestic business
which publishes 26
company,
magazines, recently acquired
the sale of McGraw-
Dividend—
Declares 10-Cent
McGraw-Hill
The
SEC
circles for many years.
and industrial
SEC Grants Time Extension—
active leader in inter¬
Council, Inc., and has been an
Foreign Trade
national trade
Monday, February 10, 1947
CHRONICLE
COMMERCIAL & FINANCIAL
THE
at
1947
of
record
Jan.
22
common
Subscriptions for shares of common
of Commercial Trust Co.
of New
CiTo ^he*
exercised,
extent
the
that
any
stock (vtc) may be made at office
15 Exchange Place, Jersey
Jersey,
warrants shall not be
thus available may be subscribed
of the subscription
unpurchased shares
Volume
for
generally
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4567
16S
holders
voting trust certificate
Monmouth Corp.
by
before
such
shares
be purchased by
may
PURPOSE
ISSUE
OP
.
Op
APPLICATION
AND
PROCEEDS—The
original financing of the club provided approximately $2,000,000, which
was
considered adequate to
complete the construction of a racing
plant.
However,
construction
niture and
as
the
of
result of changes in conditions, the final cost of
a
plant is
racing
The purpose
$5,100,000,
exclusive
of
land,
The
together
with
of this issue
$600,000
shares of common stock
<vtc) now offered, will be a maximum of $1,550,000.
A minimum of
$1,260,000 will be realized by reason of Monmouth Corp.'s agreement
to* purchase up to 315,000 shares, which sum will be applied to the re¬
demption of the presently outstanding 25,200 shares ($50 par) 4%
net
proceeds from
stock;
preferred
convertible
non-cumulative
sale of 387,500
the
the
to
extent
that
any
H.
P.
ceived
shares
The
distributed
& Co. and its
McGraw
H.
P.
to
club's
the
of
cumulative convertible
5%
stock will be
subcontractors in exercise
16,000 shares of such stock
tender
to
option
preferred
or
to
pay
as provided for under the contract between P. H.
McGraw & Co. and the club, dated Aug. 26, 1946, in full and complete
the balance due for work, labor, materials and services.
required in addition a cash payment of $500,000In¬
of
payment
contract
The
in
cluded
the contract
required
costs
construction
the
under
Co.
cash,
in
8800,000
to
oe
paid P. H. McGraw &
premiums for workmen's compensation and
art
liability, insurance, estimated to be approximately $100,000.
Under
a
supplement to the contract (he club agreed to pay the premiums
in consideration of P. H. McGraw & Co's agreement to allow the club
credit
a
the
the
time
number
ultimate
McGraw & Co.
P. H.
£o
the
of
premiums
against
the
cash
payment
of
lor the balance of the two-thirds to accept a smaller
the club's 5% cumulative convertible preferred stock. There¬
and
of
number
fore
one-third
of
8500,000
iinal
shares
of
can
only
cost
premium
preferred
of
stock
to
be determined early in
established
be
will
by
be
1947 at
It
the
indicates
proceeds to
the
the
be
The
years.
the
and
sale of minimum number of shares of common stock
From
$1,260,000 will be applied to redemption of 25,200
4% non-cumulative convertible preferred stock.
(vtc),
shares of ($50
par)
On
Nov.
Equivalent of proceeds received from 14,636 shares of 5% cumu¬
convertible
preferred stock
($50 par),
$731,800, payment of
(3)
balance
construction
of
and
HISTORY
This
cost.
upon the final
liability insurance.
sum
may
slightly
vary
workmen's
for
club
was
incorporated
in
New
for the purpose of constructing a horse
plant at
Monmouth County, N. J., and conducting
race meets-and pari-mutuel
wagering thereat.
23, 1941,
Oceanpurt,
The
club
Racing
June
Feb.
on
1946
27,
Commission
conduct
to
permit
received
a
running
1946 to July 20, 1946, inclusive.
made application for renewal
10,
from
the
horse-race
New
Jer¬
The
club
and
difficulties
numerable
plant
could
cost of
no
made
for
apparent
original
the
the
that
estimate
racing
of
construction
to
continue
suspend
or
operations.
Restrictions
in
the
which the $2,000,000 10-year 6% cumulative
issued, prevented the club from borrowing
additional funds without consent of two-thirds of registered owners of
indentures,
income
the
to
under
debentures
debentures.
permit
ticipate
The
urgency
was
so
public offering to voting
financing.
In order
a
in
were
new
the authorized capital
great
that
there
was
time
not
certificate holders to par¬
provide the necessary funds,
trust
to
stock was increased June 11, 1946 from 310,000
common stock (lc par) and 30,000 shares
($50-
from
earnings
and
is
capital
stock
derived from its
admissions,
The
sole
the
of
club
in¬
was
subscription
and
share
of the
issuance
of
capitalization
securities
preferred
income
cumul.
and
debs,
6%
is
pari-mutuel
and
income
cumul.
(vtc)
shares
shares
All
be
to
the
of
RESULTS
be
1,000,000 shs.
presently
unissued
under
the
voting
MONTHS
TEN
OP
.tNet
event
taxes
t$442,447
87,044
resulted
1946
the
entirely
charge
non-recurring
construction
for
tin
meet,
race
the
premium
as
depreciation charge, the
net loss of $62,637 and the
as
a
a
amounting to $87,044 will be eliminated.
tNo interest
the 10-year 6% cumulative income debentures of
income
paid
the
from
of $514,844 expended
allowed
will be converted into
$442,447
on
been
is
club
on
So
issuance
long
that
dividend
any
the
since
therefor.
it
will
(other
without
the
benture
thereof,
said
as
not
than
pay
has
nor
debentures
any
provision been
outstanding,
are
the
the
JUne,
CORP.—Corporation
It
Delaware.
two-thirds in
of
interest
the
of
The
de¬
oiganized
was
construction
for
the
for
was
the
club's
incorporated
purpose
racing
of
plant
11,
May
mouth Corp.
of
of
non-cumulative
sold
convertible
25,200 shares
and as
a
of
preferred
preferred stock
stock was authorized.
for $1,260,000 to Mon¬
rpsult was enabled to continue the construction
the
advanced
(As
of
and materialmen.
Aug.
26,
1946
the
club
had
expended
$3,800,000
continue
and
at
contractors
the construction, for additional sums for work,
theretofore furnished, for which payment had not
engaged in
labor and materials
estimates were given as to further
amounts needed to complete
the club's racing plant.
As the club
•was not in
funds to meet the demands of F. H. McGraw & Co. made
-on its behalf and on behalf of the various subcontractors, negotiations
were
entered into, firstly as to determining the final amount in re¬
spect of construction, and secondly, as to ways and means for proTiding the funds required to make payment.
After much negotiation,
P.. H. McGraw & Co.
insisted upon immediate payment of not less
ye); been
received,
than
$500,000
As
result
a
of
and
various
a part of any financial
agreement with the club.
prolonged negotiations with the directors and counsel
as
under agreement dated Aug. 26, 1946, P. H. McGraw &
Co. agreed to guarantee the complete construction of the racing plant
for the additional sum of $1,300,000, making the total cost $5,100,000.
P. H. McGraw & Co. agreed to accept payment- as follows: $500,000
in cash and the balance of $800,000 in cash or by tendering a maxi¬
mum of 16,000 shares of a new ($50 par) 5%
cumulative convertible
preferred stock to P. H. McGraw & Co. and its subcontractors, at the
■option of the club, subject to adjustment in respect of premiums to b#
paid by the club for workmen's compensation and liability insurant
-Under the contract, P. H. McGraw & Co. agreed to complete
construction on or before Dec. 25, 1946.
r
;
In order to make the immediate payment of $500,000 in cash to
for
the club,
.
the club accepted subscriptions of 125,000 shares
of common stock (vtc)
from a group of 19 persons composed mostly
of the directors of the club, at $4 per 6hare, with the understanding
that pending the issuance of voting trust certificates the $500,000
yveuld be used for the discharge of the cash payment to P. H. McGraw
P. H. McGraw & Co.,
&--Co.
The
subscribe
125,000 shares have not been issued as yet.
The right to
stock now being offered to the voting trust certificate
for
Jidlders does riot attach to the 125,000 shares.
$466,600 to P. H. McGraw & Co. (being $500,000
3ess $33,400 for premiums assumed by the club) thus fully and -com¬
•The club
has paid
pletely discharging all of its financial liabilities and obligations under
the Aug. 26, 1946 contract, except its obligation to issue'the requisite
mrimber
of-
shares
of
5%
cumulative convertible
preferred
stock,
pres¬
ently estimated after adjustment of premiums assumed by the club to
fee' 14,636 shares, in lieu of the final'cash payment.
Messrs. Amory L. Haskell, Philip H. Iselin, Eugene L. Norton and
John W. Flock on May 8, 1946 advanced $100,000 to the club which
was used
to meet urgent obligations incurred in connection with the
(construction of the racing plant.
25,000 shares of common stock
4vtc) will be issued, after the date of issuance of the prospectus (dated
Jan. 22,
issuance
the
<of
lor
1947) to said persons in satisfaction of the advance. Upon the
of the shares, the 125,000 shares of common stock (nc) and
preferred stock, above mentioned, all construction costs in respect
racing plant will have been fully paid and discharged, except
Under
club
the
club's
obligation
to
pay
approximately
$69,000 for
the
work¬
taiowledge,
convertible
the subcontractors who will receive the 5%
cumulative
preferred stock intend to resell such stock, and further
of
the
of
record
series, 15 cents; and on selected group series, 5 cents. For record,
on these series during 1946, see V. 165, p. 340. ^
distributions made
Net
of
Aug.
•
26,
1946
the
Monmouth
Corp.
.
.
granted
held
by Monmouth
Corp.,
to
Sales;
E-.
three
new
directors
has
Garlerit,
President, D. Ir. Porter, Vice-President-Treasurer;
Vice-President-Secretary; C. S. Holden, Vice-President,
Harold Hunt, Vice-President, Engineering; and M; P. Cotes,
Names M. F. Cotes to Executive
1937.—V.
Vice-Presidency—
of M. P. Cotes as Executive Vice-President has been
John E. Garlent, President.
Mr. Cotes has served as
in charge of the Duo-Therm Division and a director
165,
p.
213.
Mutual Aviation, Inc.,
Buffalo, N. Y.—Files With SEC
Jan; 29 filed a letter of notification with the SEC
for 30,000 shares ($1 par) capital stock to be offered to public at $3 a
share and for subscription to stockholders at $2.25 a share in ratio
of one share for each ten shares held.
There are no underwriters.
Proceeds will be used for equipment.
The
363,083
1,611,049
1,585,090
income
$998,454
-
a
$910,790 *
$903,432
•
536,680
536,680
268,340
268,340
$3.72
$3.36
ASSETS—Cash
268,340
•
$3.39
SEPT. 30, 1946
CONSOLIDATED BALANCE SHEET,
:
*
)-:*
marketable secur¬
reduce to valuation based on
notes and accounts receivable, .•
banks and on hand, $886,818;
in
ities, at cost. (less reserve, $26,068, to
market quotations), $442,118; customers'
$63,211; amounts recoverable *
of amortization of
inven., $2,607,595; prepaid^insur. premiums and other expenses, $118,805; investment in English subsidiary.
(approximately 74% owned), not consol., $93,624; cash surrender value v
of life insurance policies; $143,485; post-war refund of Canadian ex*
:
cess profits taxes, $24,815; property, plant and equipment, sound-value
as
appraised ■ Feb. 26, 1926, plus subsequent additions at cost, less n;,:
provisions for depreciation ($3,266,623) and for amortization .of. emer* <
gency
facilities
($798,151), $2,839,597;
deferred^ charges, $12,663;
patents and trademarks (less amortization of $105,170),. $27,989; good¬
will, $1; total, $8,334,19?.
j
sundry
$1,029,991;
U.
from
S.
accounts receivable,
Government, on account of acceleration
facilities
emerg.
(est.), $43,480;
LIABILITIES'—Accounts payable and accrued expenses,. $1,114,408;,
for Federal and- Canadian income and. excess profits taxes
U. S. Treasury savings notes, series. C, of $615,200), $237,333;
capital stock ($10. par) $2,683,400; earned surplus, $4,299;051; total,
$0,334,192,—V. 163, p. 656.
'
;
provision
company'on
r
(less
been
Vipe-President, Duo-Therm Division.—r-V. 165, p. 213.
since
$2,858,963
587,523
Shares
National Steel
Corp.—Earnings—.
1946—3 Mos.—1945
operations $13,525,346 $6,824,698
depl. and amort.
t2,160,729
1,881,374
Period End. Dec. 31—
"Profit
Depr.
from
Interestcharges--
314,285
JUnamortized portion of
expenditures (net)—-
PrSJ'tacoiMd-I~l!-~Net
Profit
"Includes
.
1946—12 Mos.—1945 f,
$43,786,770"$47,163,060 *
. 8,192,976
18,582,320 o
314,285- 1,257,143
1,462,982
^ j
"T^TT?
-
876,948
t4,530,000
:
$6,520,331
2,230,642
—V.
164,
p.
income- from
$2.92
,
M
:
-
1,545,000
-
;.
16,000,000
13,875,000
.
?
.
■
(
IL.
b
■"
■
|f
(-i/v-'
$2,207,091 $20,461,651 $11,117,764
-2,230,642- * 2,206,492
$9.17 . ; e. $5.04
deducting cost
of sales, selling and general, expenses and all other expenses.
,
tIncludes amortization and Federal tax adjustments shown separately
in ' report for quarter ended Dec. 31, 1945.;
'
f.Amortized
portion as of Sept. 30, 1945, of expenditures under
certificates, of necessity applicable to period Jan. 1 to Sept. 30
1945,
$5 496 948
less reduction in Federal
taxes on income, $4,b20,ooo.
Com. shrs. outstandingEarned per share..--
who recently resigned as President of- the corporation
of. ill health; and the six active offipers of the corporation-:
Appointment
$3,102,003
'237,290
798,090
(net)_—
Earnings per share
Wjkeel Corp;—Elects Three New Directors—
announced by
Vice-President
'"i
$2,033,834
receipts
and
Carlton,
J.
i
$2,791,731
67,233
Dividends on capital stock
of capital stock ($10 par)__
the
Harper,
C.
.v
$3,033,023
68,981
.
of:(Ray Potter, retired manufacturer and banker of Lansing; Gordon.A.
Rentschler^ President of General Machinery Co.,-Hamilton, Ohio; Harry,
C.
'
1945
.
$1,858,413
175,422
profits taxes
cess
subsidiary)
1946
—
,
Joftn
^
||
vf
.,
.
election of
because
Canadian
Depreciation of plant & equipment
Federal-and Can.-income and ex-
by voting -trust certificate holders, m accordance with the offer to
holders, and would pay therefor at the rate of $4 per share.—
165, P. 540.
Subs.)—Earnings—
30—
Profit
Net
_
(&
operating profits
Sundry
announced. One new
hoard member fills the vacancy caused by the recent death of E, C.
"fields.
The other two positions are newly created by an amendment,
to the by-laws that increased the directorate from
10 to 12. members.
The new directors are Byron L, Ballard, who takes the place of
Mr, Shields, prinald P, yalley, Vice-President of. National Bank of
Detroit, and P. "Carew Marfindale of; Lansing, Mich,
Mr.' Ballard- is a prominent Michigan attorney and a. member of
the law firm of Shields, Ballard, Jennings and. Bishop, of Lansing.
Mr,- Valley is well-known in Michigan banking circles and is a di¬
rector of other prominent corporations,
Mr. Martinda.le is a director
of (American (State
Savings Bank and Central. Trust Co., both of
Lansing, as well as other prominent business concerns in the State.
In addition to the three newly elected directors the board consists
P.
Corp.—Distributions—» I
declared the following dividends, payable Feb. 15
31: on preferred stock series, 14 cents; on
Jan.
(Including
such
The
directors have
Years Ended Sept.
right and option at any time on or prior to Feb. 28, 1947 to
par the 4 '/a
non-cumulative convertible preferred stock of
Motor
Jan. 20 filed a letter of notification with the SEd »
($10 par) stock to be sold through agents at par*. ;
for construction and equipment of hotel.
National-Standard Co.
prior tq Feb. 28, J947 up to .315,000 shares of common stock of the
clu'p represented by voting trust certificates which were not subscribed
for
.
.
used
be
will
holders
stock
of
agieed to waive the premiurii
on
redemption and payment of any earned and accrued dividends to
the date "of redemption,
The Monmouth Corp. further agreed that,
subject to (a) the proposed, plan of recapitalization becoming duly
effective; ana (b) full compliance by the club with the Securities Act
of 1933 and the rules and regulations of the SEC* and a registration
statement
in respect "of the club's securities, to the extent that the.
same
may be
required, becoming effective; and (c) full compliance
by the club with the rules and regulations of the New Jersey Racing
Commission to the extent that ths same may be applicable; and <d)
the
redemption at par of the 4%
non-cumulative convertible pre¬
ferred
stock-fit woyld .purchase from the club at any time on or
V.
on
shares
National Securities & Research
at
cluh
Real Estate, .on i / j
the
date
the
redeem
company
30,000
The
to
on June 14, 1946, informed the club that it
necessity for raising money by the sale of the pre¬
ferred stock "to open the track and in effect preserve the rights of all
the stockholders."
The Commission further stated that although the
voting trust certificate holders had no preemptive rights, it under¬
stood that ultimately the club would "promulgate a complete refinapc-
recognized
the
man's compensation and liability insurance premiums in addition to
$30,580 heretofore paid to the insurance company by the club on ac¬
count of said premiums.
P. H. McGraw & Co. has informed the club that, to the best of its
Manager
in
in
par
Jersey Racing Commission
(including
approximately $515,000 on premium overtime costs) in connection with
the construction of the racing plant.
Demands were made by P. H.
McGraw & Co. in their own
behalf and in behalf of various sub¬
stores
1946
providing funds to
to
and bow owns 25,200 shares ($50- par)
4%
non-cumulative convertible preferred stock.
After the corporation purchased all of the preferred stock, the New
1946,
purchased
of
trust certificate holders.
shares
4%
club
retail
Co.
(Idaho) Hotel, Inc.—Files With SEC—
Nampa
declare and set apart for payment
payable in shares of the club)
or
dividend
a
consent
contractors
par)
and
Proceeds
MONMOUTH
enable
and
racing plant.
Owing to the great need for funds, $775,000 was
by Monmouth Corp. to -the club from May 14 to May 21,
1946 in order to meet payrolls and other urgent requirements to sub¬
•to. 500,000
Roebuck Retail Stores-
and
has
ing plan" .and-make available stock to all voting trust certificate hold¬
ers
"subject to completion of registration and other legal matters con¬
nected with such plans."'
The Monmouth Coip. will not profit as a result of the transaction
siiice no dividends have been paid or will be paid on the preferred
stock which will be redeemed at par without premium, and- in ac¬
cordance with the foregoing, the ciub intends to redeem all of the
outstanding -preferred stock upon completion of the offering to voting
The
Vice-President
made
club
holders.
approval
/,
total assets
announced that the company has purchased seven
31
......
the
covenanted
|I
large Sears,
California.
All of these"'propertie»'^i
were
leased'back to the Chicago mail order house for long terms.'^
The transaction brought to 14 the number of Sears, Roebuck units
|j;|
bought by The Mutual Life in the company's first two operations-under
the 1946 amendment to the New York State Insurance Law that per¬
mits insurance companies to buy rear estate for investment purposes.
An "earlier deal in December involved the sale to The Mutual Life of |
seven
Sears, Roebuck outlets in Brooklyn (N. Y.), upper New York •
State and New Jersey.
:.v
*
Involved in the deal are two-Sears, Roebuck units in Los Angele# *
and one each in Glendale, Hollywood, Long Beach, Oakland and San
Francisco.—V. 165, p. 213..
I
$355,403
for
that
'
balance sheet as of Dec. 31, 1946, shows
Verdelin,
Henry
jah.
1,663,518
income
1945.
Purchases Seven More Sears,
income
profit of
has
on
J'j
-
$1,845,769,521.
1946
income
overtime
on
taxes
-
were increased by $29,816,992 to $305,179,670,$*55/
miscellaneous bonds were increased $84,705(073 toV
and
The company's
of
*$2,105,966
before
in
$15,228,833
trust
issued therefor.
Roebuck
on
J
$242,577,408. Holdings of Canadian Government bonds increased $16,519,736 to $63,594,031.
Preferred stocks-totalled $36,282,021 on Dec.
31, 1946, an increase of $8,665,374 during the year.
Assets- liquidated
in
1946
resulted in
capital gains of $14,875,398, as compared with
common
_
Income
bonds were
bonds
utility
industrial
and
*847,500 shs.
of
income
Expenses
V
$3,948,622,700, the largest since 1932.
of
by
Public
400,000
41,300
14,636 shs.
deposited
OPERATIONS
OF
total
a
$51,520,742 during 1946.
At the year-endj Government
holdings totalled $893,622,830, and accounted for 48.4% of total assets.
This
compared with holdings of $945,143,572 on Dec. 31,
1945, or
52.6% of total assets.
•
Outstanding
16,00.0 shs.
—
will
.
The Mutual Life's holdings of United States Government
$1,600,000-
400,000
41,300
trust certificates
and voting
agreement
to
to
non-
125,000 shares subscribed for but unissued
issued in satisfaction of the $100,000 indebt¬
shares
_
.
387.5001 shares
offered,
being
now
25,000
.
operating
„
due
lc)~
(par-
include
effect
,
k
protection of
reduced
Authorized
due
debs.
give
'
.
the
the
,
follows:
$1,600,000
stock
edness.
to
redemption of the 4%
as
April 1, 1956
Mortgage-note 6'/<-due April 35,l949__
5% cumul. conv. pfd. stock ($50 par)_
stqck
adjusted
as
the
stock
,
gain in 1946, $25,013,153 was added to surplus
all policyholders. This addition 'brought 'surplus
to $119,368.863,-equal to 7.16%
of the company's policy reserves anddeposit liabilities. The $15,820,431 balance then remainings from the
year's gains was allotted for dividends to the company's 1,000,000
policyholders. Dividends allotted in the preceding year totalled $14,833,643."
•
V "•*' "
During 1946, benefits to policyholders and their beneficiaries totalled »
$107,085,355, including dividends.
Death benefits accounted for $50,284,099, Or 47%' of total benefits. The remaining 53%, or $56,801,256,
went
to living policyholders.
"
"*"
\. -V'
Payments to living policyholders included $11,823,201 In
matured
endowments; $11,879,158 to annuitants;- $7,083,255 to disabled policy¬
holders; $10,972,937 in cash surrender values, and $15,020,265 in divi- [
derids to policyholders.
The amount of insurance in force increased $158,869,992 in l940^p:,;
Of
lor
to boxes, programs, parking
catering rights and privileges
exclusive
1954
.These
on record.
$158,869,992 in insurance in force' was the greatest
since 1930.
Policy lapses and surrenders, Mr. Douglas
although somewhat greater than in 1945, were still abnormally
of
year
operation.
cream,
convertible
6%
10-year
$4,257, the highest
Wfts
gain
any
Mortality among the company's policyholders was only 53.9%
of; the rate provided for* the lowest ratio for any year on record
for 1925 arid 1926, and the company's gains from the saving .
in. mortality
were
the greatest for any year in its' 104 years of
sale
ice
1,
of
low.
during
field
of
10-year
in
H. McGraw & Co. had increased
and on that day the estimate was $4,300,000 and it was apparent ihat
not less than $1,100,000 of additional cash would be needed to enable
obtained
1946
said,
Application of Proceeds"), and 16,000 shares of 5%
preferred stock ($50 par) were authorized.
CAPITALIZATION—The
the
by F. H. McGraw & Co.
be
York—Reports
company
year
The
foy
of- food, liquor and beverages of all kinds, cigars,
souvenirs, grandstand coat room privileges and
glasses in the grandstand, have been granted to Harry
M. Stevens, Inc., of New Jersey, for a term of five years from Jan. 8,
1946, with the privilege of renewal for an additional five years.
The greater portion of the income of the club is derived from the
club's share of pari-mutuel pools and breakage.
rental
from
1946 the estimates of P.
By May 7,
trust
include
which
"Income
became
it
completed
be
longer
construction
and
arose
will
authorized
the club
of
concessions.
cigarettes,
Jersey
meeting
in
cost
convertible
income
Taxes
of its
material
500,000
breakage,
pool,
racing
horse¬
racing permit for the
year 1947 and has been informed by the Commission that a renewal
of- the permit has been granted assigning racing dates from June 19,
1947 to July 30, 1947
inclusive.
Plans and speciiications had
been prepared and contracts entered
into in 1944 in respect of the construction of
the racing plant but
governmental regulations did
not permit construction to commence
until November,
1945, when restrictions upon building were removed
and
necessary
materials which had
theretofore been classified as
critical were permitted to be used.
As construction progressed, in¬
The
additional
30,000-
of Issue and
pose
compensation
April
sey,
de¬
other
any
will
spur
funds
the
1946
from
cumulative
Total
BUSINESS-—The
AND
latter
costs
premium
pending
incur
New
established many new highs during 1946, Lewis W. *
reported on Jan. 29 in releasing figures for its ;
operations.
*
£
,
.
Net operating gains of $40,833,584, after all expenses and charges,
but
before
dividends, " were the largest for any year since 1931. '*
New
business, of $294,384,28.6 was 45,%
greater than in 1945, and
the largest for : any year since 1931.
The average size of policy issued
shares to 1,000,000 shares of common stock (lc
shares of ($50 par) 4% non-cumulative convertible
preferred stock were reduced to 25,200 (which shares are being re¬
deemed and cancelled as hereinbefore stated under the caption, "Pur¬
(2)
lative
the
that
necessary
1,
the
Common
Additional proceeds to be received if maximum number of shares
of common stock (vtc) are sold, $290,000 additional working capital.
to
of
except
cumulative
insurance
This
period.
the sale
application thereof:
(1)
estimated
is
which
received
expect
Insurance, Co,
Douglas* President,
104th
not
does
tife
Many New Highs During 1946—
approximately $150,000,
$120,000 will be allocated to the club.
Negotiations have not
sufficiently progressed to determine the method of payment which,
however, in no event will be made over a period of less than three
Oct.
following
PURPOSE—-The
[Mutual
re¬
which
of
issued
carrier.
the stocks to be
running directly to the grandstand.
Negotiations are presently under
with the Central Railroad of New Jersey and the Pennsylvania
RR.
par),
shares of
resell
$185,000.
club
creased
14,636
to
way
of
excess
intends
also
expenses in connection with the completion and furnishing of the rac¬
ing plant, except with "respect to the construction of a railroad -spur
ing capital and for general corporate purposes.
in
Co.
it,
for
315,000 shall ba sold, then the proceeds from such
sale will be added to the general funds of the club and used for work¬
shares
&
McGraw
by
but that it did- not have any present plans concerning
when, where or how such stock would be resold, except 4,000 shares
with respect to which t. H, McGraw & <J0.» on u»ec.
a% 1946. entered
into an agreement with certain directors of the club to sell them the
fur¬
therefore is to provide
heretofore received, and the
earnings of the club, is needed to defray the additional construction
costs and furnish the club with additional working capital.
fixtures.
which,
82,350,000
that
2,206,492
$1.00
|:
interest and dividends after
3147.
'
v
;.
-
of America—$23,493,987 Extension Authorized by FPC—
The Federal Power Commission on Jan. 29 issued a certificate of
public* convenience and necessity to the company and Texoma Natural
Natural Gas Pipeline Co.
y.
M
,
.*
construction of addtiions to their gas transmis¬
sion
facilities operated 'as an integrated natural
gas transmission
system extending from the Panhandle Field in Texas and supplying
market
areas
in Indiana, Iowa, Kansas. Nebraska, . Wisconsin and ,>
Illinois. The aggregate cost of the? facilities is estimated at $23,493,987.
Gas
Co
authorizing
m.
THE COMMERCIAL & FINANCIAL CHRONICLE
814
With the
installation
completed about Jan. l,
capacity of about 484,000,000 cubic feet to
these facilities, to be
of
1949, Natural will have a
peak day sales requirements of its utility customers,
including Chicago District Pipeline Co.
The gas required to meet
increased sales will be obtained from Colorado Interstate, Harrington
and Marsh and the Shamrock Oil Si Gas Co. As a result of such new
estimated
meet
ability
Texoma's
supply
meet further demands of
materially.—V. 163, p. 1031.
to
Pipeline will be improved
Natural
Gas
Si Co.,
99.312.
The'certificates
Plan), mature $100,000
annually Feb. 15,
1948 to 1957, inclusive, and are unconditionally
guaranteed as to payment of par value and dividends by endorsement
by the company.
Proceeds from the sale of the certificates will be used to provide for
not exceeding 80%
of the cost, estimated at $1,253,000, of 14 Type
4-0-4 1,000 H.P. Diesel Electric Sandard switching locomotives.—V. 165,
(issued
Philadelphia
under
Lyon County, Nev,
Hudson, approximately 28 miles, in
is the remaining portion of the property pur¬
chased by the company at foreclosure Feb. 19, 194-2.
The segments
extending from Hudson to Ludwig and from. Wabuska to Thompson
w£re> abandoned after June 23, 1942. The line connects for the inter¬
change of traffic with the line of the Southern Pacific Co. at Wabuska.
WV; 155, p. 1016.
line in question
The
Offer¬
(Pa.) Glass Co., Inc.—Secondary
Nevill Island
V
ing—A block of 4,000 shares of common stock was of¬
fered Jan. 27 by Amott Baker & Co., Inc. Price at mar¬
ket. Proceeds went to selling stockholder.—V. 164, p. 830.
r/New Bedford Gas & Edison Light Co.—Earnings—
1946
12 Months Ended Dec. 31—
•
Total
operating
Operating
$7,215,345
$6,762,724
3'617'5H
revenues.
L!
expenses
464,220
prov. for retirement of property
taxes (excl, of Federal
788,236
plant & equip.
income)
General
*
419,280
112,139
776,344
Maintenance
676,686
1937 which presently entitle
the holders thereof to
of the capital stock of this
corporation at $17.50 a share, will be wholly void and of no value
after March 1, 1947.
Such option warrants may presently be ex¬
ercised
by surrender thereof at The Commercial National Bank Si
Trust Co. of New York, 46 Wall St., New York, N. Y. accompanied
by payment of $17.50 per share of capital stock to be purchased
pursuant thereto.
The holders of shares of preferred stock
of New York Railways
Corp. are entitled, pursuant to the plan of readjustment and motori¬
zation of New York Railways Corp., dated March 19, 1935, to exchange
such shares of stock for the above option warrants.—V. 164, p. 2950.
The
Operating
$1,568,730
43,701
income
Other income
(net)
$1,612,431
116,709
395,126
income
Net
deductions
Other
Federal
Net
taxes
income
income
-
-
$1,100,595
dated March 1,
purchase shares
warrants
option
$1,087,008
Electric Association—Output—
0.iff the week ended Jan. 31, the Association reports electric output
14,272,429 kwh.
This is an increase of 1,285,671 kwh., or 9.90%
above production of
12,986,758 kwh. for the corresponding week a
of
year ago.
Gas. output
for the Jan. 31 week is reported at 182,092,000 cu. ft.,
att increase of 10,378,000 cu. ft. or 6.04% above production of 171,714,000 cu. ft. for the corresponding week a year ago.—V. 165, p. 688.
for
the
insurance
Worcester,
group
for the
Mass.,
of
bondholders;
Myron F. Converse,
savink bank group of bondholders; John
of
L.
Hall, of Boston, for the debtor company; Allerton F. Brooks, of North
Haven,
the
secured
creditors,
and Kent T. Healy, of
Conn., for
Haven,
165, p. 688.
for the unsecured creditors.—V.
Conn.,
Corp.—Preferred Stock
New York State Electric & Gas
Off.—A group headed by Harriman Ripley
Feb. 6 offered publicly 150,000 shares of
tive
(par
stock
preferred
$100)
& Co., Inc., on
3%% cumula¬
and
$102 a share
at
dividends.
accrued
Association—Weekly Output—
Power
This Association reports number of kilowatt hours
ended
week
the: week
The comparable figure
543,
won
will be redeemable, as a whole or
in part, at the option of the company, on not less than 30 days' pub¬
lished notice, at the price of $105 per share if redeemed prior to Jan. 1,
1950, and at the price of $104 per share if redeemed on or after
Jan. 1, 1950, plus, in each case, accrued dividends.
of
each
165, p. 689.
•4: The
Power
Light
&
Co.—Sells
Last
make application for the listing of
3.75% cumulative preferred stock on the New York Stock Exchange.
LISTING—Company proposes to
APPLICATION
sale
of
*<
(ii)
*287,914
50,721
*236,701
151,821
8,743,147
3,841,479
2,383,232
9,940,683
5,654,022
4,309,795
—V.
from
$669,518
507,503
89,748
44,774
1st and gen.
(excl.
$100)
BALANCE
ASSETS—Club
NOV. 30,
$27,493
12,000,000
extra
'
"
"
New York Central RR.—Earnings—
estimated
.
.Period End. Dec. 31—
1946—Month—1945
Railway
oper.
revenues
51,773,060
Railway
oper.
expenses
55,064,091
Net
from ry. oper.
rev.
tax
•Ry.
accruals.
Equip. & Jt. facil. rents
2,663,983
1,498,308
when
$5
paid
was
dividend
extra
an
in
91,625
record
Feb.
23,953,409
19,032,634
73;682,829
6,423,158
17,315,350
$3
shar®
per
record Feb.
13.
the first
1946,
9,
December.
13.
that
announced
payable out
of
1946
the
extra
earnings.—V.
to be placed in escrow
estimated at $3,000,000,
construction
new
dividend
165,
declared
just
723.
p.
North American Car Corp.—Dividend Increased—
Thd
directors
share
per
record
dividends
Feb.
on
the
on
Feb.
5 declared a quarterly dividend of 40 cents
stock, payable March 10, 1947 to holders of
Last year, the company paid four quarterly
each, and, in addition, on Dec. 10
1946
dis¬
common
27,
1947.
30
cents
of
bursed
an
extra of 80 cents.
The usual quarterly dividend of 50 cents
per share
stock was also
declared, payable April
1,
March
24, 1947.—V. 164,
North
American
1947
to
the preferred
on
holders
record
of
425.
p.
Co.—SEC
Ends
Hearing
Settle¬
on
ment Claims—
The Securities
company's
Briefly,
claims
V.
&
plan
provides
1
respect
Power
165,
Exchange Commission ended its hearings Jan. 31
1 filed early in January, as part of an overall
with the Holding Company Act.
plan
the
with
Light
and
to comply
program
to
Co.,
for
Illinois
and
settlement
Power
the
Co.,
latter's
of
its
and
claims
parent,
North
parent,
counter
American
North
Co.—
American
723.
p.
North Pittsburgh Telephone
The
will
in
company
shares
of
be
4'/2%
used
Jan.
offered
cumulative
to
finance
underwriting)
stock
construction
6%
a
at
and
par
equipment
The
SEC
30
Jan.
on
proposed
loan
Atlas
latter
Atlas
to
164, p.
exempted from the Investment Company Act
between Atlas and Northeast pursuant to
Dec.
1,
ment
sums
Up
that
$605,000
to
into
Northeast
in
loan
a
from
$1,250,000,
up
and
$779,125
to
in
(2)
to
the event
agreement pursuant
to time, prior to
time
of $1,250,000.
excess
proceeds of the
the
sums
of Northeast
loan,
when and
The agree¬
made
if
by
be applied as follows:
to
are
entered
lend
to but not
up
to
up
so.
have
to
agrees
provides
Atlas,
do
to
Northeast
1947,
lend Northeast
to
agrees
unable
is
Atlas
3416.
$1,250,000
agreement
(1)
and
which
Proceeds
telephone
of
loan.—V.
temporary
shares
2,000
($100).
Northeast Airlines, Inc.—Atlas Corp. to Lend
a
Offered
Co.—Pfd. Stock
(without
preferred
exchange buildings and retire
to
the
meet
cost
construction
of
by
Northeast
of a hangar and service building at the General Edward Lawrence
Logan Airport, Boston, Mass.
Up to $150,000 to meet the cost of the purchase by Northeast of
two modified Douglas C-47's (including engines and equipment).
(b)
Up to $280,000
dated
note
a
Northeast
to the payment of the principal of
heretofore executed and delivered by
applied
to be
Nov.
1945
16,
to the First National Bank of Boston, provided,
the
however,
Northeast is increased by
such proceeds may b®
applied to the payment of the increased indebtedness and interest.
(d) Up to $215,000 to be used as working capital.—V. 163, p. 1573.
if
indebtedness
principal
of
of Atlas and Northeast,
agreement
The directors
share
3,000,000
.
company's refinancing plan,
capitalization, earnings, etc., are given in V. 165, p. 576.—
V.
165,
Jan.
on
the
and
usual
declared
27
semi-annual
extra
an
diivdend
dividend of 50 cents per
$1.50 per share, botfc
of
record Feb. 14. Like amounts were
Feb. 21 and Aug; 16, last year.—V. 163, p. 657. .
>
payable Feb. 21 to stockholders of
paid
on
Northern Pacific Ry .—Earnings—
to
ry.
railway
railway
from
Net
oper.
1—
From Jan.
arrange
$10 ,924,810 $11,561,637 $12,386,734 $16,195,429
2,377,558
8,960,716
1 ,063,977 *18,086,009
1,734,700
4,476,264
-6,941,355
income—
1 ,060,963
from
Net
mechanical
reasons
it is not always
companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible.
possible
from
Gross
Net
from
Net
ry.
New York Stocks,
The
(see
directors
of
this
first
the
dividends
following
on
the
special
payable Feb. 25 to holders of record Feb. 5
below—with
three previous
payments shown as
column
2-25-47
$0.07
$0.07
1.93
.14
.10
.05
.40
.08
.04
.05
.12
.07
and
$2.01
.10
1.04
Alcohol
ni-25-46
$0.05
.12
.07
.08
.08
Industrial Series—
Agricultural
distillery—
stock
8-26-46
5-25-46
Building supply
equipment
.08
.17
1.46
.05
.10
.09
Chemical
.06
.69
.09
.03
Electrical equipment
.07
.81
.08
.07
.10
1.97
.12
.07
.73
.11
.09
Machinery
Merchandising
.06
.72
.06
.06
.10
2.04
.15
.12
.06
.05
.06
.24
.11
.03
.05
the
29
(Del.)—Plea Denied—
the
1946, direct¬
of the company requesting
motion
portion of its order of Nov. 8,
that
to terminate its existence
and proceed
promptly to submit a plan of liquidation.
Northern
States'
supporting brief had contended that the entry
of the section 11(B)
(2)
order was "improper at this stage of the
the
holding
company
filed a series of plans pro¬
proceedings." The holding company has
viding for its liquidation and dissolution.
Weekly Output Increased—
.08
.78
Jan.
vacate
.07
.07
36,423,456
.10
Insurance stock
59,395,710
23,378,121
States Power Co.
denied
Commission to
ing
comparison):
SEC
151,531,731
48,360,121
165, p. 577.
Northern
The
155,978,311
18,273,700
13 351,894
income
oper.
Inc.—Distributions—
declared
have
corporation,
126 ,744,079 149,244,108
16,637,852
20 949,419
railway
railway
^Deficit.—V.
stock
1943
1944
1945
1946
December—
688.
p.
Metals
58,433,262
March
Northern Insurance Co. of New York—Extra Div.—
5,800,875
Food
1946—12 Mos.—1945
of
to holders of
on
Further details regarding
Bank
51,264,847 616,784,755 654,363,799
97,990,112 558,351,493 580,680,970
t3,29.1,031 $46,725,263
Cr5,822,080 47,667,200
declared
260,000
at
Aviation
(Including all leased lines)
,
1941
mutual
Proceeds from the sale of 30,000 shares of new preferred
Automobile
^
was
Co.,
formerly owner of The Cameo Doll Products Co.,
the past four years have been sold by Noma.
have
company
that
or
(contra),
*
since
be
(c)
house
and general mortgage bonds, due Dec. 1, 1955,
$4,477,400; second mortgage bonds, $917,000; trust funds (contra),
$33,094; current and accrued liabilities, $254,273; unearned income,
$197,105; surplus (representing working capital reserve as provided
Jn Plan of Reorganization—March 25, 1935), $100,000; total, $5,978,872.
—V. 163, p. 656.
was
which
1946.
in
Stove
688.
p.
holders of
will
600,000
to be redeemed, from date of call to
dates, in the respective amounts of
$40,625 and $51,000, aggregating
(iv) To payment of certain costs and expenses of the
financing, estimated at
(v) Balance to be placed in escrow for new construction,
1946
M LIABILITIES—First
Inc.,
Regular quarterly payments of $2.50 per share are also being made
the common
stock, the next one being payable on March 10
to
(a)
747,500
redeemed,
$20,398
property
and equipment, $5,394,400;
trust
$33,094;» cash and accounts
receivable, $363,482;
inventories of stores and supplies, $154,843; prepaid expenses, $33,052;
total, $5,978,872.
funds
and
90,972
45,486
mtge. bonds
for depreciation
SHEET,
premium
redemption
of
dividends)
NOTE—-For
Net Income before providing
Baum,
business
for
directors
Gross
annum
on
1945
$502,732
345,877
which
dolls,
Estate
of
the common stock, payable March 10
extra distribution was made
To payment of interest and dividends on securities
for
1946
Ended Nov* 30—
etc
Total operating expenses, etc
Interest on 1st and general mortgage bonds at
Income from dues,
Additional int.
165,
the
to the redemption of:
redemption
(c)
t: Years
per
Noma
by
President
similar
To
(iii)
**'New York Athletic Club—Earnings—
2%
Fleischaker &
of
owners
EFFanBEE
formerly
was
products
The
on
A
and new preferred stock esti¬
576)
in the amount of $7,500,000:
payment of redemption premium at 5%% on
$13,000,000 of 1st mtge. bonds, 3% % ser. due 1964
To payment of redemption premium at 5%
on
120,000 shares of serial pfd. stock, 5.10% cumul.
(i)
stock,
1
were
famous
Norfolk & Western Ry.—Extra Dividend—
Utilities Corp.
K j}grom
Gross
p.
From the capital contribution made by General Public
(b)
10,032,434
6,283,912
985,298
#e|,ry. oper. income—
165,
aggregate $25,000,000,
(par
2,191,860
Jan. 1—
railway
7,350.092
Net from railway—
3,342,900>
Net ,ry. oper, income—
3,522,984
c * Deficit.—V.
165, p. 214.
$702,602
$517,623
railway—
was
Kallus
Mr.
the
(par $100)
260,225-
1945
to
accrued
1943
$1,189,291
812,359
1944 ,
$895*252
548,039
QrvjMi trm railway
V.
proceeds from
the
$13,000,000 1st mtge. bonds, 3%% series due 1964
(excl. of redemption premium
and accrued int.)_ $13,000,000
120,000 shares of serial pfd. stock, 5.10% cumul.
(i)
(ii)
Net from
Kahn
whose
the
of
may
if it so desires advance additional
Northeast to pay certain outstanding notes
*)•
;
Fleischaker
which
i^cw Orleans Texas & Mexico Ry.—Earnings—
1946
(see
(1)
made or will make the following disbursements:
From the proceeds from the sale of $13,000,000 new
bonds and 120,000 shares of new preferred stock
esti¬
company
December—
E.
company has
Em
!
bonds
new
of,
PROCEEDS—Out
OF
to aggregate $28,000,000, and (2) the capital contribution made
General Public Utilities Corp. in the amount of $7,500,000, the
by
tems and properties for $361,100
:
Vice-Presidents of Noma Electric Corp.
Sadacca, President.
They are: Walter
Fleischaker, David Kahn and Joseph L.
Henri
by Noma last year.
absorbed
also
mated
Gas
announced Feb. 5 the sale of its remaining gas sys¬
to the City Gas Companies of New¬
ton, Phlllipsburg. and New Jersey. * Hugh C. Thuerk, President, said
Hhe gas interests represented only 6% of income last year.
His com¬
pany will concentrate on the production and sale of electricity, he
sald/Sjt has been selling its gas interests for several years.—V. 165,
in
The preferred stock
year.
mated
...New Jersey
Properties—
new
by
(a)
for the week ended Jan. 25, 1947 was 72,165,-
14.01%.—V.
increase of
an
available for the
63,003,415 in
1, 1947 as 70,437,328 compared with
Feb. 2, 1946, an increase of 11.80%.
Feb.
ended
four
Bernard
Messrs.
Mr.
on
the preferred stock on Tuesday on a bid of 100.139.
banking group headed by The First Boston Corp. and Glore, Forgan
& Co. bid 101.14 for 3.80%
stock, and a group headed by Blyth & Co.,
Inc. and Smith, Barney & Co. bid 101.10 for 3.80% stock.
Dividends are payable quarterly on Jan. 1, April 1, July 1 and Oct. 1
the
New England
of
announced
absorbed
The
Judge Carroll C. Hincks in the U. S. District Court at New Haven,
Conn., on Jan. 31 issued an order creating a reorganization com¬
mittee for the New Haven pursuant to the plan of reorganization.
The five members are James H. Brewster, Jr., of Hartford, Conn.,
The group
New England Gas &
150%—
$13,386,000
Kallus.
A
v-
been
Fleischaker,
tion Committee—
35,729
—V. 165, p. 688.
E.
with
recently.
announced
Vice-Presidents Appointed—
Appointment
has
compared
$32,000,000
President,
on
Hartford RR.—Reorganiza¬
New York New Haven &
$1,737,659
$1,773,389
127,403
558,976
exceeded
Four New
manufacturers
Corp.—Options Void March 1
New York City Omnibus
New
fe
1946
in
Henri Sadacca,
The
Nevada Copper
J,
Sales
1945,
688.
p.
Belt Railway—Abandonment—
The SEC on Jan. 4 issued a certificate permitting abandonment,
as to interstate and foreign commerce, by the company of its entire
line of railroad extending from Wabuska southerly and westerly to
Noma Electric Corp.—Sales Increased About
99.554; Salomon Bros. & Hutzler, 99.54, and Harris, Hall & Co.
(Inc.)
Monday, February 10, 1947
Business
.02
Electric
totaled
output
55,482,000
of this
kwh.,
for the week ended Feb. 1, 1947,
compared with 49,775,000 kwh. for the
an increase of 11.5%.—V. 165, p. 723.
company
as
corresponding week last year,
Called for Redemption—
O'Gara Coal Co.—5% Bonds
See
Sahara
Coal
below.—V.
Co.
159,
p.
939.
"
Net ry, ope*
Other
income-
$132,934
1,675,608
income
i ; Total Income
MisceL
deducs.
1,542,674
inc.
fr.
309,796
'
Net
•
183,483
3,247,039
s
15,447,219
17,029,957
49,944,321
20,306,058
2,229,610
2,186,941
70,250,379
10,447,600
24,412,525
1,762,019
44,075,835
1946
Public
utility
.06
.59
.08
.07
.08
.30
.04
.08
Steel
.04
.38
.07
.04
Tobacco
.10
.18
.10
.10
Railroad
equipment
Diversified
Inv.
Diversified
Specul.
Si
Fund—
.18
.41
.20
.20
.05
.79
.04
.04
.06
Shs.
.55
.12
.09
bonds
series
^Includes extras
paid from realized security profits.—V. 165, p.
New
York
Water
Service
Corp.
—
Amended
Approved—
New
Chicago & St. Louis RR.—Equipment
Trusts Offered—Halsey, Stuart & Co. Inc., and associates
on Feb. 5 offered publicly (subject to ICC
authorization),
$1,000,000 1%% serial equipment trust certificates, at
prices to yield from 1% to 1.90%, according to maturity.
?
Other
York,
members
of
the
offering group include Julien
Collins & Co.; The First Cleveland Corp.; Mullaney,
Boss & Co.; F. S. Yantis & Co., Inc.; Mason, Moran &
Co., and Alfred O'Gara & Co.
The Issue
was awarded Feb. 4 on a bid of 99.059.
Other bids, all for
l%s, were: McMaster, Hutchinson & Co., 99.6311; R. W. Pressprich
& Co., 99.63; Harriman Ripley &
Co., Inc., 99.589; Graham, Parsons
1946—Month—1945
1946—12 Mos.—1945
$3,560,902
$3,094,748 $37,501*609 $35,590,278
revenue
Operating
Prov.
for
depreciation-
of
1,728,727
272,442
expenses
The
SEC
plant
adjustments
General
80,560
:
taxes
}
issued
recapitalization
plan
$1
value
York
Feb.
The
for
final
a
of
6%
for
instead
to
order
of
the
to
one
enforce
provides
common
on
a
will
be
Court
at
:es
taxes
—
14,679,765
3,377,964
°
966,720
2,020,218
168,351
[
2,865,666
2,880,384
i
641,179
4,640,640
4,298,485
716,513j
and
$544,633
175,665
$9,323,639
2,065,117
$8,333,461
170,037
29,398
33,069
358,446
11,306
19,616
103,298
2,379,549
138,510
$627,251
debt,
$316,282
$6,796,776
$3,473,222
80,538
80,533
966,469
2,342,179
disc.,
expense-
deductions
to
holders
(par
of
$100)
outstanding
into 46,532
of
the
6%
cumulative
stock, all of which is owned by
Water & Gas Corp.
The New York P. s. Commission has adopted a
a
final
on
pfd.
stock
$546,713
—V.
order
memorandum opinion
the amended plan.
approving
$235,744
$5,830,306
996,076
$2,477,145
164, p. 3417.
Old Town Ribbon & Carbon Co.,
The National City Bank
basis.
common
Net income
Balance
Federal
indicating it would enter
3,269,304
$837,994
of
New
the
preferred
Issued
share-for-share
recognition is given to
—V. 164, p. 3295.
long-term debt-
on
Amort.
Divs.
District
plan.
reclassification
for
cumulative
cent.
Federal
shares.
new
preferred
providing
applied
order approving the amended
(no par) common stock with a
16,435,636
281,497
supplemental
share
a
income
Other
a
amended
as
shares
common
No
7
plan
46,532
The
of
Commission
Federal
prem.
|
has
stated
The
Plan
1,383,753
acquis.
Amort.
111.
includes
carryback adjustment of $5,047,600 in De¬
cember and $21,142,300 for the year. $Deficit. §Income.—V. 165, p. 688.
Ohio Edison Co.—Earnings—
Period End. Dec. 31—
Gross
Int.
Govt,
profits tax_tCr8,656,785Cr49,696,378tCr23,489,462Cr40,339,527
excess
tCredit in
Oil
Railroad
32,477,176
1,966,037
40,958,739
———
■■
deficit...,—
Includes Fed. inc.
1,243,581
■
-
•
$556,373
1,799,954
3,462,488
Total fixed charges.
•
.
of New York
Inc.—Registrar, Etc.
has been appointed registrar
agent for th®
Guaranty Trust Co. of New York as transfer
450,000 shares of $5 par value common stock.
and
the
Philip D. May, with offices at 3605 Gulf Building, Pittsburgh, Pa.,
been appointed as sole distributor of the company's products ia
Pittsburgh and surrounding area.—V. 165, p. 577.
has
,
XXWX<
X;V'VXX/X-XX^X j-■'■■'.
"■
.Volume 165
Number 4567
(Chicago)—Bonds Called—
1140 North La Salle Corp.
first mortgage 5% bonds due April 1, 1962
redemption on April 1, 1947 at 101 and interest.
Payment will be made at the American National Bank & Trust Co.,
trustee, 33 No. La Salle St., Chicago, 111.
of
have
the
outstanding
been called for
The
railroad
was
per
confirmed
the
plan,
railway
Outboard, Marine & Mfg. Co. (& Subs.)—Earnings—
16,022,411
23,674,592
$3,893,545
Costs and expenses
operations
in
295,669
Profit
$3,437,385
Other income
142,994
158,034
Int.
*485,617
*1,300,000
t52,168
2,153,479
4,978,222
7,793,613
$$700,154
$1,233,894
$1,087,013
$1,171,058
683,379
other
238,555
Crl0,855
and
200,407
668,524
668,526
668,527
234,029
156,100
charges
Reserve
Income
Net
$6,751,260 $10,503,225
$3,610,547
$908,422
income
taxes
profit
Dividends
$$3.94
•Special reserve for post-war conversion and readjustments, etc.
JAfter deducting $394,298 credit due to carry-back taxes.
$Before
Earn, per sh.
♦llowing
$$3.65
$2.08
stock
cap.
special credits of $290,843.
for
SEPT.
BALANCE SHEET,
CONSOLIDATED
1946
30,
payable to banks (under revolving credit agree¬
LIABILITIES—Notes
provision
$1,265,797;
payable,
accounts
$900,000;
ment),
for net
and K. S. Adams, President, have esti¬
irom operations for the year 1946, not in¬
cluding non-recurring income, will exceed 1945 gross operating income
by approximately $7,500,000. Income from all other sources for 1945,
resulting chiefly from sale of
various investments and properties,
was
ever
$15,000,000, and for 1946 is estimated to have been less
than $2,000,000. It is also estimated
that net income per share for
1946 will at least equal the $4.59 per share reported for 1945, which
included income referred to above from sources other than operations.
Frank
capital stock ($2.50 par), $1,485,720; capital surplus, $1,369,785; earned
surplus, $4,453,480; Treasury stock (46 shares at cost), £>r$318; total,
$14,188,382.
has
Briggs
A.
facilities
Northwestern
the
of
Commission
Power
Electric
and
Co.
Pacific Power &
the
would
reductions
rate
no
result.
the
sell
both
of
companies.—V.
164,
for
working
The
41
'
Md.—Files with
\
..
has
SEC
of
North
Penn's
second
The
stated
value
North
Penr.
have
to
the
'
of
latter's
stated
a
its
value
all
to
kinds
the
for
stock
the
$7
to
be credited
731.
will
acquired
be
the
rest
Net
164,
p.
1944
Jan.
$614,459
*138,176
$780,270
Net
from
Net
ry.
*358,296
*108,932
*28,098
*214,157
11,044,394
11,314,508
763,059
2,104,628
*652,196
railway
*624,040
12,367,620
3,122,912
418,992
12,276,737
3,240,779
843,339
railway
oper.
income...
♦Deficit.—V.
165,
216.
p.
of
the
main
RR.
fering—Blytlr & Co., Inc., on Jan. 29 offered as a sec¬
a block of 2,800 common shares (par
$10) at $49 per share, with a dealer concession of 75
cents a share.—V. 165, p. 216.
ondary distribution
stock,
capital
the
of
four
payable
paid.—V.
was
Feb.
quarters of
164,
dividend of 30
a
holders
to
20
1946,
cents per share
record
of
Arts,
The
registration
shares
of
stock
statement
stock
preferred
(par 50c)
share
ihe
on
record
of
(par
week
ended
Mining Co. below.—V.
output
Feb.
1.
company
163,
The
15.
board
semi-annually.—V.
determined
also
164,
March 1 to holders
dividends will be
payable
stock,
capital
outstanding
initial dividend of 25 cents per
10.
on
In
the
each
cents per share
p.
and
Gamble ,Co.
&
2448.
p.
6 Mos. End. Dec. 31
Net
after
Federal
The
loans,
to
next five years
Permission
The
■on
Bank
k
are
the
be
by
of City
notes
Lives
ficm
at
Philadelphia
municipally-owned
made
at
a
rate
of
be
sold
to
Annuities
the
com.
per
6,409,418
on
"reserve
shares.
tAlso
provision of $14,500,000 as
after
This
company,
Ry.,
banks
figures for 1946 are exclusive of dividends from England
$4,030,930 which have been
received in this, fiscal
above
to
.having
year,
since
the
,
declared by the English company out of earnings
of the war in Europe, during which time the
has not been included in the consolidated state¬
been
beginning
company'
English
ments.—V.
164,
3296.
p.
has
27,
will
Pennsylvania
<$2,000,000i;
under
successor
called
for
first
Corn
30 by the company to
to
finance
company
Jan.
on
filed
23
Interest
5%
3o""'
,;;194*-k!;
.
$8,577,479
2,317,024
for
*Prov.
436,673
133,906
Cuban
U.
and
income
S.
533,786
905,458
946,437
898,623
$1,802,783
818,888
$4.40
$1,877,963
$1,933,465
u<.
and
income
taxes—
S.
miimSmit
year
—
share
banks
614;160"
■'
S'
and
hand
on
—
SEPT. 30
1946 ■;
hand
or
;
981,293
dation
S.
planters
to
.587^21
799,369
157,928
1,006,927
•702*042
1,846,634
1,507<89*?'§
339,752
337.752/,':
13,210,382 -13,652,127
,
in commercial stores, at cost
securities (per contra)
Government
working assets
fixed
JNet
$3,286,841
226,075
605,528
315,994
1,563,871
receivable,
on
m
1945
$3,278,291
miscellaneous
pending liquidation.-—__
SBlackstrap molasses on hand or pending liqui¬
SSugar
'$4**7.7
$4.59
profits taxes payable.
excess
i: >.;•%(>
■■
CONSOLIDATED BALANCE SHEET,
Accounts
94,333
int.
profits
for
per
U.
494,262
Cr55,779
depreciation
Dividends paid
*No
$3,482,207
L
for
sale of land
on
jir
$3,315,284
Cr3,378
$3,223,042
(net)
Provision
Loss
—
assets..
62,342
Deferred charges
^40,767
repaid
be
Public
Service
Colo.—Preliminary
of
Co.
LIABILITIES—
Co.
for
on
the
Insurances
National
156, p. 165.
Exchange
to
March 8,
bonds
due
to bank
Notes payable
(per contra)
accrued expenses
ship. exps. of sugar and molasses
Provision for Cuban profits and interest taxes
for
Prov.
and
Liens
U.
General
—
i.—'
reserve
tAt
and
«->
4,070
<
-x
59,3-16
.ft
«tr
946,887
-4,070
42,825
^44,005
Capital stock (par $1)
Earned surplus
able
'*
tt-t—<v—•?
664,188
.
886,616
properties
on
credit
$700,000
$1,000,000
1,274,121
" 83,323
taxes
income
S.
(censos)
Deferred
41/649(440
•
11/549,140
409/530
<8,311,981
,409*530
.
c
7,321,096
$23,562,786 $21,^,^.
deposited as collateral for notes ;pay«
accrued interest,
cost and
tAfter
bank,
to
reserves
/
$9,458,096 iti :1946
value, less advances |
for depreciation of
§At estimated realizable
1945.
in
$9,163,258
165, p. 578.
received.—V.
Loiseau,
President,
in
a
and substation equipment.
budget of $15,750,000,
80%
of which is for
for normal extensions
of
service
in
1947.
Approximately $1,250,000 of this amount has
already been expended and $8,750,000 is estimated to be spent during
1947 contingent on deliveries of equipment now on order.
The carry¬
ing out of this program will make necessary the raising of new and
turbines,
additional
have
approved a construction
basic facilities and 20%
operating
Operating
Maintenance
taxes
tax
170,378
1,020,946
1,684,725
1,927,024
4,072,506
96,313
profits
excess
Colorado
for
State
income
195,941
177,490
$4,615,372
2,028,326
$4,489,406
$2,587,045
398,385
398,221
$4,091,021
income
dividends
for
164,
available
for
preferred
on
Philadelphia &
next, all of the
July 1, 1960, at
Railway Express Agency, Inc.
to
A.
,
Gallagher,
of
etc
common,
of
of
1,
92%
l/20th
Public
of
of
Subsidiary—<
announced a program
31
Jan.
on
The
dividends.
cash
contemplated
Stock
capital stock of the Indiana Gas & Water Co.,
shareholders of Public Service Co. of Indiana,
common
of
in
President,
Dividend
the
shareholders
over
:
Other
and
revs,
(& Subs.)—Earnings^1946—11 Mos.—■ 1^45^ 5
1946—Month—1945
$
$
transport.
for
Charges
income
37,405,152
573,727
$
35,520,635 385,654,923 399,624,889
468,471
5,682,561
4,520,518
of
a
share
Service
of
of
Indiana
common
record
on
distribution,
initial
stock,
Feb.
11,
Gas
is
capital
Inc.
is at the
stock, for
each
made March 1, 1947
Similar distributions are
quarter, which will result in
capital stock of Indiana Gas &
each
the
1949 if the number of Public Service
which
for
Inc.
to be
1947.
35,989,106 391,337,484 404,145407
26,590,092' 23,081,597 276,666,972 239,77.4,^4
37,978,879
——
expenses
taxes
common
the distribution of
Water Co. by June
shares remains wn-
1,436,867
1,689,535
_—
15,073,308
17,936,073
Interest and discount on
funded
111,193
debt
*Rail
*
transp.
Payments
.-<.
.
28,559x-r
Other deductions
revenue.
rail
to
and
9,559,500
other
107,608
J6.246
11,346,708
1,214,3700
,v
157,544-
-.
,%
95,362,519 148,0^*358
carriers—express
privileges.—',
p'578'
Publishing Co., N. Y.^-Files With SEC-^^;
on Jan. 28 filed a letter of notification with the SEC|;:
$1 par conjmon.
of preferred and v
of common).
The stock will be sold through officers^ of
Proceeds will be used for publication of the magazine,
Rayner
The
company
shares each of $100 par 5% preferred and
to be offered at $101 per unit (presumably one share
for
500
one
share
company.
Manufacturing
sec—
'I
;
Culture."
"American
Raytheon
Stock
Common
rate
40<$e|nts
extra.—
follows: March 1, and June 1,
$2,188,824
stock
2834.
p.
distribution
lieu
as
and Dec. 2, 50 cents, plus $1.30
Period End. Nov. 30-
With
in
$
1946 were
!#,£■:%
$4,437,881
income)
and
income
the
Quarterly Dividend-- I
a regular quarterly dividend r.of
stock, payable March 1 to holders |
declared
29
2552.
p.
Express
1,284,378
1,693,567
2,059,553
2,636,068
repairs
replacements
than
income
to
Jan.
14.
Payments in
Operating
1945
1946
$25,137,452 $24,187,271
11,029,195 10,947,874
revenues
and
for
(other
Balance
R.
Feb.
record
of
on
share on the common
each; Sept. 3, 50 cents;
Total
SUBS.)
1,970,844
on
per
-r-r
(INC.
STATEMENT
INCOME
expenses
Provision
—V.
cents
capital.
CONSOLIDATED
Net
directors
The
60
transformers, transmission
directors
Taxes
Purity Bakeries Corp.—Larger
Report—
statement to stockholders says:
During 1946 the company and its subsidiaries expended $3,970,119
on
capital facilities, practically all of which was for extensions to its
distribution
systems and
not for
its basic facilities.
Immediately
upon
the
cessation
of hostilities
in 1945, orders were placed for
E.
J.
improve¬
over
$23,562,786 $21,704,043
Total
with SEC—
a
Public Service Co. of Indiana, Inc.—To Pay
($750,000).—V.
reorganization
redemption
mortgage
credits
less
operations
on
Total
Prosperity Co., Inc., Syracuse, N. Y.—Files
works.
gas
and First National Bank
outstanding
Corp.,
the English and Canadian companies.
share
$793,000
SEPT.
$13,530,768 $12,320,452 $10,894,503
7,320,381
8,901,638
10,103,194
91,715
103,530
204,533
(net)
expenses
charges,
Accounts payable and
price decline."
for inventory
NOTE—Earnings exclude profits of Procter & Gamble Defense
subsidiaries for the
an increase of
week of 1946.—V. 165
Philadelphia & Western RR.—Successor—Calls Bonds
Western
•
-
>'■ 3
$9,856,948 $10,405,490
$1.49
$1.57
$9,456,033
$1.46
$16,300,341
share.
$2.53
$6,460,251
which went into effect in January.
Council to borrow the money was voted Jan. 20.
to
sources
Investments
1943
$15,916,033 $17,847,348 $20,459,990
18,794,000
6,460,000
7,990,400
10,054,500
$35,094,341
taxes—
profit
•Earn,
gas rate increases
Granting
($1,250,000)
three
other
from
■,
.
$12,143,074 $11,094,576
1,387,694
1,225,877
revenue
Miscell.
Total
1944
1945
1946
—
expenses
income
Subs.)—Earnings—
(&
its
Formal permission from the SEC was asked Jan.
year
Total
Supplies
Philadelphia Gas Works Co.—Seeks Loan Approval—
$4,000,000
Corp.—Outpuf~|
Service
ACCOUNT, YEARS ENDED
1946
1945 ,
from sugar
Revenue
tU.
Provision
this
Revenue
Advances
317.
p. 724.
borrow
1,191,271
Corp.—Annual Report—
Punta Alegre Sugar
that
amounted to 136,533,000 kwh.,
8,649,000 kwh., or 5.1 %, over the corresponding
ments
•>
operating companies served by this corporation
the week ended Feb. 1, 1947, totaled 224,069,000 kwh. as compared
with 181,193,000 kwh. for the corresponding week last year, an increfcso
Of 23.7%.—V. 165, p. 724.
ASSETS—
Consider Divs. Semi-Ann.
an
Co.—Weekly Output—
this
of
1947,
9,850,936
} 4,952,874
8,212,368
—
<
Public Utility Engineering &
164, p. 1250.
30.—V.
30 declared
Jan.
on
Feb.
Procter
Other
electric
9,850,936
5,778,352
(corporation)
(corporation)-.
——-
578.
p.
Cash in
Federal
Philadelphia Electric
.J'.'nj
i:
23,841,656 /15,995,081
Electric output of the
6694) filed Aug. 27 covering 60,000
$10)
and 75.000 shares of common
withdrawn Jan.
was
directors
Provision
See Shattuck Denn
U
1,501,,J?1?
—
for
(No.
Portsmouth Steel Corp.—To
The
Gross
832.
p.
dividends
Balance
Earnings
Phelps Dodge Corp.—Proposed Expansion—
The
Statement
Registration
Inc.
$6,264,309
Feb.
regular dividend of 25
a
stock
i—V.165,
Net
Molded
12 Months Ended Dec. 31—
Pettibone Mulliken Corp.—Dividend Increased—
directors have declared
" K ->< "
1,500,826
-
stock dividends
Common
taxes
Withdrawn—
The
Pennsylvania Salt Manufacturing Co.—Secondary Of¬
The
Net income
Profit
the salvage value of the
mines, which would lose
would "decrease
properties, including the coal
outlet."—V.
165,
p.
724.
Pennsylvania
Plastic
$691,471
76,471
1—
from
.
Co.)
-—;
1943
*109,100
and Gas
Electric
capital.—V. 165, p. 724.
1945
income.*279,427
oper.
ry.
From
Gross
offered to buy the
N. Y., and part of
the
St. Mary's, Pa., and Olean,
Corryville and Farmers Valley.
letter of notification with the SEC
for 5,528
shares of class B common, to be offered at $16 "a share
without
underwriting.
Proceeds will be used for additional working
$744,149
railway
12/862,274 ,13,497,125
deduct, (int. on bonds, prov. for res. etc.)
Subsidiary
companies,
dividends
payable to
public (principally on pfd. stock of Public
Inc.
Operating
for mining properties."
Pennsylvania RR. has
some
at
trustees, Mr. Goodman stated, are "not too keen about selling
Pennsylvania RR.," adding that a sale of part of the properties
the
The
1946
railway
from
from
15,006,511
—% 6,168,133
21,615,454 20,980,512
taxes
in receivership more than
which has been
road,
said
yards
between
line
to
by
Pennsylvania Reading Seashore Lines—EarningsGross
profits
excess
taxes
Other
$1,316,000
of
surplus account.—V.
capital
December—
Net
salvage,
Goodman
The
to
owned by its parent.
preferred
of
donation to North Penn Gas
cumulative second preferred
and constitute all
company's
the
approved
shares
13,160
These
Federal
Plan
have asked a hearing in Federal District Court on a pro¬
sell its 145 miles of lines.
Goodman, counsel for the trustees, said "we have received
and combinations of offers, some for parts of the railroad,
years,
amounting
'
'
-
Pennsylvania Gas & Electric Corp.^-Action Approved
stock.
13,911,608
Federal income taxes
Bernard
The
{
.'l.i
expenses
CONSOLIDATED INCOME
the
of
trustees
posal
letter of notification
a
capital.
'
1
filed
23
79,699,878
17,530,286
17,935,579
retirement
3417.
p.
with the SEC
for 2,422 shares ($10 par) common, to be offered at $20 a share, for
subscription to stockholders, without underwriting.
Proceeds will be
Jan.
on
18,211,531
14,179,595
84,222,122
Depreciation and
to Sell Lines—
*Based
company
194,369,037 184,290,260
■
a
The
Pro¬
in
Peninsula Broadcasting Co., Salisbury,
Co.
the market.
164, p. 2834.
Exchange at
working capital.—V.
for
Pittsburg Shawmut & Northern RR.—Hearing on
SEC—
The
used
be
will
ceeds
Net
used
20,000 shares of common
stock on the New York Stock
covering
Power
securities
subsidiary)
Maintenance
Sell Stock
notification with the SEC
stock (no par). It is proposed to
Jan. 28 filed a letter of
on
company
considered
Commission ruled, however, that these objection^ were
substance."
"The record shows," the Commission found,
"that the proposed merger is compatible with the public interest."
Under the merger agreement the Pacific Power & Light Co. is the
surviving corporation.
It will assume all liabilities of both companies
and issue new mortgage bonds, notes and stock, retiring all outstanding
The
"lacking
1945; 'Cf
$193,638,580 $183,568,431
730,457
;
721,829
revenues
Preferred
Pittsburgh (Pa.) Coke & Chemical Co.—To
The
the states of Oregon
in
Subs.)—Earns.
xf^'|ff;1946
Expenses
Approved by FPC
and Washington. With this action,
approval of the transaction by the public utility commissions of the
two states is all that remains to make the merger effective.
The Securities and Exchange Commission previously had given its
sanction, pending action by other groups.
The two companies filed
a joint merger application last July.
Opposition developed on the part
of a number of organizations, including the Oregon and Washington
State Granges and the Independent Retail Grocers Association.
These
groups maintained that nothing could be gained by the merger and
Light Co.
With
Jan. 30 filed a letter of notification with the SEC
31,811'shares of capital stock, to be offered for subscription to
stockholders, without underwriting.
Offering price, $9.30 per share.
Proceeds will, be used for working capital, etc.
approved the merger of electric
has
•
*V,!
'
for
Mr.
Pacific Power & Light Co.—Merger
Federal
Total
Service
Piasecki Helicopter Corp., Sharon Hill, Pa.—Files
company's
been
'
—
their
The
income
gross
164, p. 2962.
some
Elected—
elected a Vice-President.
All other officers
were
renamed, including S. F. Briggs, Chairman of the board, and
Ralph Evinrude, Mr. Briggs, a son of S. F. Briggs, Chairman of the
hoard, is associated with the company's Johnson Motors division at
Waukegan, 111:—V. 164, p. 723.
S.
—V.
Chairman,
Phillips,
that
re¬
negotiation refund for year ended Sept. 30, 1945, $68,611; accrued
liabilities, $424,425; provision
for Canadian and Wisconsin income
taxes, $127,792; 31Ar/c notes payable due March 1, 1961, $3,000,000;
reserve
for contingencies
(incl. renegotiation of war contracts) and
conversion and readjustments for civilian production, $1,063,065; re¬
serve
for refundable portion of Canadian excess profits tax, $30,024;
New Vice-President
163, p. 317.
RR. above.—V.
The company on
prepaid insurance, shop and other supplies, etc., $127,427; investments
and sundry assets, $41,989; plant and equipment, at cost (less depre¬
ciation and amortization of $2,982,419), $3,230,576; patents, licenses
and trade-marks (at nominal amount), $2; total, $14,188,382.
578.
1
Operating revenues (subs.)
Other revenues (corp. and
SEC—
ASSETS—Cash, $1,160,625; U. S. Treasury obligations, at cost, In¬
cluding accrued interest, $3,353,033; receivables, $463,791; refunds due
on
Federal
and Canadian excess profits taxes, $649,140; post-war
refund of Federal excess profits taxes, $194,213; inventories, $4,967,586;
165, p.
Phillips Petroleum Co.—Preliminary Results—
mated
Total
II.—V.
Called—Reorg.
Ry.—Bonds
Western
& Western
Philadelphia
See
$6,593,226 $10,360,231
173,163
holders of record Feb.
to
Public Service Corp. of New Jersey (&
&
*
Payment of the regular quarterly dividend of 87 V2 cents per share
on
the 3,/&% cumulative preferred stock was also authorized by the
directors on Jan. 31.
This dividend will be paid in cash on March ;1
12 Months Ended Dec. 31—
Philadelphia
815
<:
.
payments on the common stock last year were as follows*
1, 25 cents; and June 1, Sept. 1 and Dec. I, 45 cents each. '^i
Cash
March
exchange agent.
is
260,063
281,923
456,160
$717,950
190,472
Depreciation and amort.
of
were
■■
changed. All of the capital stock of Indiana Gas Is presently owned
by Public Service.
v*v;
June
on
30, 1945. Under
the then $2,627,000 outstanding bonds of the
offered for each $1,000 bond held $116.50
$300 of new first mortgage 5% bonds and four shjtfes of
stock
in
the new company.
Drexel & Co., Philadelphia,
cash,
Pa.,
Pennsylvania
railway company which
by the United District Court on June
holders
company
common
$6,875,149 $10,620,294
1S46
1945
1944
$17,936,030 $27,568,137 $32,958,634
Net^sales
Profit from
1943
$42,278,567
26,083,485 31,658,273
$1,013,619
Years End. Sept. 30—
reorganiaztion of the
of
the Girard Trust Co.,
in
incorporated
was
company
plan
1946,
17,
will be made at
Payment
and interest.
Philadelphia, Pa.
par
'
;
V;
All
X
'
r
xxx
THE COMMERCIAL & FINANCIAL CHRONICLE
Co., Newton, Mass.—Files
' - /■ -■
■
Feb. 3 filed a letter of notification with the; SEC
for 1,050 shares ($5 par) common stock to be sold at market wUltout
underwriting. Proceeds will be added to general fu.nds.--<-V*464, p(x3^2.,:
The
company
on
,
■*,
-
»
Co.—Merger, Sales and Earning^
The D. M. Read Co. Department Store of Bridgeport, ConrtJJjh^s
'merged with its parent organization, The . 1>. M.' 'R^ad.
Jan. 31,
1947, according to Daniel Van Dyk, President
bined
companies.
Public financing for The D. XM., ReaavCo.i-was
completed in December, 1946 by Richard J. Buck & Co. ,of, NeVf^/ifork
City, and Warren W. York & Co/ of AUentown,. P*. ,.;I4jeport)ngil^e
(The) D. M. Read
t y -i;x
:
"t
v'.'ciB
.
•
«.»'* <A
wx'-sj.'
J
'/A':.
'
THE COMMERCIAL & FINANCIAL
816
§i,;. £*;. ■1 .Vi/M j^v'k.
consolidation
St. Louis Brownsville
for
outlook
Dyk stated the
favorable.
Van
Mr.
stockholders,
to
..Increased, sales in the current fiscal year is
';f
Net
from
427,204
Net
ry.
Wet profits after all charges and taxes
*A
15
the
contains
which
County
Allegheny
% including
Net
Vice-President
Barr
ry.
•*E
and
»After
giving consideration
164, p. 2552.
estimated
to
Deficit.—V.
Total
17,568,660
5,811,552
1,684,814
19,372,666
9,036,957
1,951,311
16.839,220
8,876,743
2,573,727
165,
p.
15,406,816
3,825,432
1,420,401
112.
Net
railway
inc...
oper.
income
Total
$461,428
$2.01
$0.92
depreciation
Deduc.
from
inc
Feb. 3 filed
registration statement with the SEC
a
25,000 shares ($100 par) 6%
cumulative
(no par)
common.
Underwriter, John
preferred and 25,Q00
Martin Roloh, VicePresident and director of company.
The stocks will be sold at -$105
per unit consisting of one share of preferred and one share of common.
Proceeds will be used in organization of business, which will consist
of the transportation of fruits and vegetables by means of refrigerated
«hares
includes
1946
vessels
adjustment; provision for anticipated U. S. Government
and reorganization expenses, amounting in all to
which $2,735,759 was in December income.
$56.63;
asset
coverage
$1,000
per
Rheem
R.
the
S.
collateral
at
as
secured
from
ry,
Fraser line
will
be
made
at
the
Net
Rheem heating
*nd gravity furnaces, winter air conditioning units,
«nd grilles and other heating equipment through
4ganization of distributors and dealers.
-
evaporative
coolers and
wide range
a
ry.
Rochester
v
Consolidated
1
The company
for
offered
%
shares
50,000
at
cents
45
underwriting.
-
1
of
capital
each
Proceeds
letter of
stock
of
25,000
shares
will be
used
notification
which
for
Years End. Sept. 30—
'Cross earnings
Operating expenses
-
at
Ceneral
be
will
Reserve
441,706
390,561
153,612
170,122
per
$553,379
16,328
$569,707
$617,401
213 980
87,335
146,281
205,702
156,352
144,821
131,417
21,510
13 172
14,633
16,114
95,874
—
78,675
75,250
$212,072
$247,668
$259,718
share—
$9,147,134
386,739
*$438,236
$9,700,464
402,917
l,394,d05
income.
43,397
33,670
income
$1,027,859
*$404,566
182,835
209,408
2,201,692
3,533,733
$845,024
*$613,974
42,341
$7,332,181
$6,569,648
39,590
376,030
476,965
$884,614
oper.
ry.
oper.
from
*$571,633
$7,708,211
$7,046,613
oper.
ry.
income
income
fr.
263,381
255,151
3,042,543
3,053,607
$621,233
*$826,784
$4,665,668
$3,993,006
inc..
gross
income
71,174
$1.00
$1 17
211,815
Safeway Stores, Inc.—Current Sales 27.85%
,$1.19
158,861
OF SEPT.
accounts
4 Weeks Ended Jan.
Stores
(current),
$409,920:
receivable,
$218; accrued interest receivable, $833; work
progress, uncompleted drilling contracts, $26,856; inventories, $216,156; marketable securities, at cost (market value $183,175), $292,702'Accounts receivable, trade (over one
year old), $12,327; U. S. war bonds
cost), $100,000; other investments (Henderson County Levee Dist.
in
operation
Jan.
at
Higher—
1947
1946
$75,785,225 $59,278,186
25—
Sales
30, 1946
receivable
2,410 as against 2,440 a
1947 were
25,
earlier.—V. 165, p. 254.
year
■a
,
Wo. 3 bonds), $1.7,780;
;
properties
(net),
investment in
$2,911,198;
oil, payment,
district
$3,789;
warehouses,
r«a«|pment (net), $32,953; gasoline plant (net),
oil
camps,
and
gas
lines
and
$68,901;
automotive
/equipment, drilling tools and other fixed assets (net), $862,333; deM' fiEESLaccounts (contingent upon future oil and gas production),
*43,980; prepaid and deferred charges, $31,432; total, $5,297,013.
A^HBifLITIES~'Nofc®s Pkyabie to banks, $500,000;
accounts payable,
.J0,08 ' accrued interest payable, $2,487; accrued payroll, $23,938;
,'jft «tner accrued taxes, $15,159; contingent liabilitiy, $2,365; deferred
f
credits-r-contingent. upon future oil and gas production—deferred
c|;/profit?-'on lettse• sales (contra), $24,727; capital stock (no par) (out¬
standing 211,815 shares), $366,924; property insurance reserve, $16,931;
; capital surplus,, $12,642;
earned
surplus,
$4,186,897; treasury stock
Ot cost (Dr), $95,140;
;
?-Hfcose
total, $5,297,013.—V. 184,
p.
2590.
<PaW H.) Corp., Norfolk, Va.—Files
-*orr
;
with
SEC
With SEC
'
3eftnC«^P®uy on F*eb' 3 filed a letter of notification with the
/'E^3??,000.Shar^ of
st°ck (Par $1), to be offered at
without
purchase of. new
Proceeds
will
I/RHberoid Co.—Booklet
an
graphically
!£?eJal Kl"?d01?.Which has
The
Asbestos—
a
told
in
"Asbestos—The
Silk
40-page illustrated booklet by Dr. Oliver
just been published-by. this company.
is being
widely distributed to public
booklet
and
of
the
Bowles
'
scientific
libraries, technical departments
:
engineers,
of colleges and universities; chemists
architects and building material-dealers.—V. 164, p. 3335. '
Rutland RR.—Earnings-
..
December—^
«
<Jross frofri
Wet
;
from
1946
railway....
$423,188
17,312
railway
Wet ry. oper. income—
From Jan. 1—
.
on
fascinating story of asbestos—a rock that Can be spun into
^oven. tat? <tath that will not burn, fashioned into fireproof
rf
1' a
to innumerable other important uses
modern
life—is
_
'■■■
-
SEC
par
be used, for working capita.l and
tools, dies, patents and development of new products.
underwriting.
;
<
-
.
ry.
oper.
M3,314i
1945
$367,882
Ml,059
*84,942
1944
income—
- 5,119,450
,,
206,303
*277,404
•Deficit.—V. 165, p. 579* ::
.
1943
$367,733
*39,698
$382,074
*76.533
*10,689
*'
Cfross from railway—-.*
Wet from railway......
Wet
sor
trustee,
accrued
said
N. Y.
be made of the full redemption price, plus
March 1, 1947, upon presentation and surrender of
payment will
interest
to
bonds.
The
had
bonds
reorganization
acquired
by
of
been
15,305
5,049,072
162,743
5,086,697
4,710,907
333,391
566,433
*219,498
3,851
326,949
in
assumed
O'Gara Coal
Co.
the
Sahara
1933
Co.,
Denver
Bird,
Dry
Goods
Thayer Dry
Denver Dry
Scruggs-Vandervoort-Barney
Co.
in
and
1924
Goods Co.
Goods Co.
on
acquired
all
Heiser Saddlery Co. on Oct. 31, 1945.
sold and customer services
H.
rendered
merchandise
The
capital
the
all
by
with
emphasis
men's
individuality
on
furnishings,
china
niture,
jewelry,
women's
and
and
and
style.
children's
draperies,
glass,
Operational
major lines include
accessories, fur¬
luggage, stationery,
The
and
wear
goods,
toilet
foodstuffs
and a wide variety of other
department stores operate restaurants.
the
operates
for
October
1946
hand
the
Aug.
1.
the
1946
$1,250,000
items
of
is
it
general
merchandise.
In addition, Scruggs-
demands
Sed, Inc.
company
this
of
to
the territory.
In
distribute its own
"Sed."
the
terms
of
long-term
a
committed
is
to
Jah.
(SAS)—Operations—
by
24
this
corporation
show
during the three months of its operations during 1946 its pass¬
represented 73.7 % of capacity while air cargo
mail and
enger, load
overall load
of capacity.
to higher floors, and new elevators.
In
1945 a plot of approximately 70,000
Road and Forsythe Boulevard in Clayton, Mo.,
St. Louis. As soon as restrictions are removed
facilities
the company acquired in
proposed
of
erection
the
about
$1,000,000.
of
a
branch
store thpre
of the
management
The
contemplating purchase pi a new site for the
warehouse and delivery station when conditions
also
central
a
of
cost
is
store
with
proceed
to
estimated
Louis
Emery, Bird, Thayer Dry Goods Co., in addition to having
about $425,000 during 1946 on a modernization program, con¬
templates additional'expenditures of some $625,000 during 1947.
Such
money will be spent for the purchase of store
fixtures, the addition
of
new
departments and installation of new elevators.
The Denver
Dry Goods Co. expects to spend about $160,000 replacing and adding
to its passenger elevators.
It is also believed that establishment of
other branch stores in the St. Louis and Kansas City areas may be
permit.
the
for passengers,
airline,
which
cargo,
operates
CONSOLIDATION—The
OF
officers
directors of the
and
Scrubbs-Vandervoor-t-Barney,
Feb.
1947,
3,
given
business of its predecessors.
the
assets
liabilities
and
of
former Scruggs-Vandervoort-Barney,
the
(those of the latter being nominal), acquired
the effective date of the plan of consolidation,
were taken up on the books of the company
at the amounts at which
they were then carried on the books of such predecessor corporations,
with appropriate adjustments in capital stock
and surplus to reflect
(ai
the $61,700 excess of the aggregate par value of the outstanding
shares of preferred stock and preference stock of the former ScruggsVandervoort-Barney, Inc. over the stated value of the shares of series A
Inc.
and
the
by
of
Inc.
on
stock of
preferred
in conversion of such shares,
value of authorized and out¬
issued
the company
the cancellation
(b)
and
Neybar,
company
of the $500
par
standing capital stock of Neybar, Inc.
the
Under
plan
of
consolidation each share
corporation was converted into nine-tenths of a share of $4.50 cumula¬
preferred stock, series A.
Each share of $5 par value common
stock
of
the former corporation was converted
into four shares of
tive
$1.25
par
value common stock cf the present company.
UNDERWRITERS—The
underwriters
named
below
purchase from the company the number of
preferred stock, series A, set opposite their
below, aggregating 23,179 shares.
agreed
to
cumulative
Stock
Offered—Union Securities Corp., Boettcher & Co., G. !H.
Walker & Co. and associates on Feb. 6 offered 23,179
shares
of
$4.50
cumulative
No. of
Shares
No. of
Corp.—
G.
H.
Bosworth, Sullivan & Co.—
Writer &
2,000
Christen-
2,000
1,000
Inc.
sen,
CONSOLIDATED STATEMENT
1,000
"500
500
Don A. Chapin Co
Earl M. Scanlon & Co.-.—
Smith, Moore & Co.
Stifel, Nicolaus & Co., Inc.
4,726
4,726
Walker & Co
Peters,
Stern Brothers & Co
Stix & Co
Barret, Fitch & Co., Inc.—
4,727
500
500
OF INCOME,
(Scruggs-Vandervoort-Barney,
sales
Net
Inc.
Cost of sales———
Gross
profit on sales
Earnings from leased departments—
shares not required to be issued under a plan of Con¬
solidation in exchange for shares of a predecessor com¬
Bad debts, less recoveries
This issue has been oversubscribed.
COMPANY—Company and
its subsidiaries
the operation of three department stores in
are
now
being
offered,
operates
a
department
store
in
and Subsidiaries
23,179
shares of
series
St! Louis and
A
preferred stock are to be
Issued in furtherance of a financing program the first step in which
was the
consummation, on Feb. 3, 1947 of the plan of consolidation.
The estimated net proceeds to be received by the company from the
sale of such shares (after estimated expenses of $19,000 and under¬
writing discounts or commissions) ♦ will be approximately $2,281,500.
Of that amount
an
estimated
gross
$273,000 will be required to satisfy, the
1944
$18,708,146 $13,737,783 $10,539,263
112,953
90,405
70,888
$18,821,099 $13,828,188 $10,610,151
12,734,629
8,797,049
7^132,549
profit
expenses
—
23,337
18,291
Cr.3,975
$6,063,133
profit
operating
Consolidated)
1945
$5,012,848
$3,481,577
125,710
128,910
69,813
$6,188,843
$5,141,758
$3,551,390
142,996
9,514
40,668
84.482
1,557,176
42,788
498,451
30,536
443,000
1,725,391
3,280.036
2,025,914
$2,678,798
income
$1,310,969
$1,011,272
^:
primarily; in
owns fell' the "Common stock of The Denver Dry Goods Co. of Denver,
Colo., arid of Emery, Bird, Thayer Dry Goods Co. of Kansas City, Mo.,
and substantially all the capital stock of Mermod, Jaccard and King
"Jewelry Co. of St. Louis.
Company is a corporation organized'Feb.
3, 1947, by the consolidation of a predecessor corporation of the same
iiame and Neybar, Inc., a subsidiary of that corporation.
PURPOSE—The
Net
Other
engaged
St. Louis and Kansas City,
Mo., and. Denver, Colo., and a jewelry store in St. Louis..
ScruggsVandervoort-Barney, Inc., the parent company, whose preferred stock
is
Total
Operating
500
YEARS ENDED JULY, 31
$48,462,816 $34,612,323 $26,958,796
29,754,670
20,874,540 16,419,533
_
preferred stock, series A
(no par), at $102 per share and dividends from Jan., 1.
These shares represent the balance of an issue of "45,000
pany.
have severally
shares of $4.50
respective names
Shares
Securities
1946
Inc.—Preferred
cumulative first
of 6%
preferred stock and 7% cumulative second preferred stock of the former
Scruggs-Vandervoort-Barney, Inc. was converted into one share of
$4.50 cumulative preferred stock, series A, of the present company,
and each share of
3V2%'
cumulative preference stock of the former
from
Scruggs-Vandervoort-Barney,
expansion.
for¬
Inc. had for some
time prior to
consideration to the desirability of simplifying
its capital structure, of reducing preferred dividend rates to the level
prevailing for generally comparable securities, and of arranging for
future financial
requirements on a permanent basis.
To effect the
desired recapitalization under Missouri laws, the former Scruggs-Van¬
dervoort-Barney, Inc., organized Neybar, Inc.,
a
wholly owned sub¬
sidiary Missouri corporation,
in December 1946.
On Feb. 3, 1947,
at a special meeting called for the purpose, shareholders of these two
corporations voted to consolidate into the present company (also a
Missouri corporation) which succeeded to the properties and will carry
FLAN
Newhard. Cook & Co
mail and baggage represented
New York to Copenhagen,
Oslo and Stockholm, via Glasgow, reported.—V. 165, p. 254.
83.6%,
lease ef¬
spend, within five
its St. Louis store.
The major
air conditioning,
extension of
for
escalator
the
at
St.
name
improvements in
program
will include
years,
existing
trade
the
regional
organized
company
PROGRAM—Under
EXPANSION
fective
specialized
the
under
cream
Union
statistics released on
com¬
Vandervoort-Barney, Inc. has an interior decorating department, while
The Denver
Dry Goods Co. has a stockman's department which it
Boettcher and Co
that
the
and its subsidiaries are similar to those usually found in the
larger department or specialty stores.
The basement stores offer mod¬
erately priced merchandise, while the upstairs stores offer merchandise
chiefly in the medium and higher priced lines, of superior quality
consummation of the
properties of which were
Coal
Scandinavian Airlines System
of
stock
March 6, 1945.
In addition,
the capital stock of The Her¬
pany
upon
the
Inc.
Dry
Scruggs-Vandervoort-Barney,
of
assets
company acquired a majority stock interest in Mermod,
King Jewelry Co., and from time to time since then has
The company asquired all the common stock
and
The
of
New York,
St.,
Broad
11
Immediate
common stock "B," to he offered at $12.50
Proceeds will be used for business expansion.
®°ss-Frederick Corp., Mineola, N. Y.—Files
;;
the
for Payment-^-
called lor redemption on March 1, next, all of
Coal Co, first mortgage 5% 50-year sinking
fund gold bonds due Sept. 1, 1955, at 105 and interest.
Payment will
be made at The Chase National Bank of the City of New York, succes¬
has
company
outstanding O'Gara
The
25,000^shares ($10 par)
share.
«.
„
Sahara Coal Co.—Calls O'Gara Bonds
The
the
baggage amounted to 99.6%
with SEC—
company on Jan. 20 filed-a letter of notification
^
1937,
1,
and
the
1917
In
The
of
petition
the
on
254.
p.
$252,413
105,907
$265,636;
Feb.
On
property
acquired additional stock.
on
George Rosenberger,
a
bond and
stockholder in the company,
to have the reorganization proceedings
remanded
to
the Interstate Commerce Commission for a study of
the road's valuation, have been postponed from Feb. 7 to March 28.
Judge George H. Moore of the U. S. District Court at St. Louis
granted the postponement on a motion by *Mr. Rosenberger.—V. 165,
Hearing
$1.23
BALANCE SHEET AS
1907.
the
Jaccard
mer
income.
oper.
ry.
$9,533,873 $10,103,381
'Deficit.
105.907
com.
payment
$984,462
15,590
$674 250
depletion
ASSETS—Cash,
«1I
oper.
15,605,830
105,162
54,863
1,029,888
967,270
2,463,634
1,427,695
56,452
931,142
115,695
taxes
income
Gross
$601,811
28,528
318,708
reserves
1,000,000 shs.
spent
_
Hearing Postponed—
Dividends paid
•i
366,230
taxes..
income
Railway
Deducts,
$901,512
income
Earns,
valorem
-
118 219
$645 721
(devel. costs)
,
$654,519 $14,005,733 $27,730,187
taxes
Net
32,830
for
$1,521,250
opers,.
ry.
accruals:
tax
Non-oper,
Fes. for deplet. (produc.
;
fr.
rev.
Ad
mining operations.
$868,682
VJtleases and royalties),
45,000 shs.
643,776 shs,
BUSINESS—The
AND
in
acquired
erection
Net
Railway
$1,110,591
Income charges
;
Ry.—Earnings—
1946—12 Mos.—1945
$3,912,467 $46,646,702 $65,013,443
3,257,948 32,640",969 37,283,254
income
$1,148,696
—
*199 shs.
60,000 shs.
i
par)
($1.25 par)
square feet at Hanley
a
residential suburb of
$4,270,309
2,749,059
expenses
without
$1,578,501
762,658
216,391
(no
Goods Co. in reorganization.
addition,
1943
Other income
Depreciation
,
4,374,5,76
2,252,598
1,097,518
238,450
122,547
1946—Month—1945
oper.
Deducts,
1944
Gross .income
'*
3.,866,483
1,573,825
367,343
Southwestern
Railway
Total ry.
1945
expenses
Operating income
3,779,791
1,306,107
322,755
—
revenues
Net
,
$443,428
254.
p.
oper.
SEC
$2,464,100
1,379,028
—
<
165,
Louis
Federal
1946
./.
value
A
desirable, though there are no present specific plans for such
the
25,000 shares
50 cents each
$289,901
101,270
513
3,504,840
575,443
100,544
income
oper.
St.
Nev.—
with
$307,772
85,566
8,539
income
railway
Period Ended
steel ship-
/Roeser & Pendleton, Inc.—Annual Report—
'
-
and
a
1943
1944
1945
$316,712
54,643
16,013
Railway
Dayton,
22,488,529
Francisco & Texas Ry.—Earnings-
railway
from
ry.
Other
28 filed
Jan.
on
107,426,855
36,371,464
1946
'Deficit.—V.
registers
nationwide or-
Files With SEC—
-
Outstanding
original business was founded in
1850 as McClelland, Scruggs and Co.,
a
dry goods store located on
Fourth Street in St. Louis.
The name was changed to Scruggs-Vandervoort-Barney Dry Goods Co. in 1870 and the store moved to its present
HISTORY
All of
Other Federal
Co.,
1,911,061
railway
oper.
Net
blowers,
a
of tanks and boilers,
Mines
1,439,531
railway
from
Net
342.
p.
series
pref.
stock
Common
stated
($1-00
cumul.
$4.50
From Jan. 1—
floor
gas
company manufactures on an international scale automatic
Water heaters for gas, electricity and oil, water softeners, attic fans,
trink containers and pails.—V. 165,
1,069,830
342.
p.
from
Net
equipment plant
the Rheem
«
income
oper.
from
Gross
./Acquisition of the Fraser business will continue the process of roundout Rheem heating lines which now include space heaters, wall
•heaters, floor furnaces, stokers and stoker-fired furnaces. In addition,
,
railway
165,
Net
trade name,
The Rheem Company will continue to sell the Fraser line of
-
;
ry.
—V.
railway
from
Gross
President, on Jan. 28 announced that as of Feb. 1
is purchasing from Fraser Furnace Co. its entire gas
also
income...
oper.
from
Net
Chicago, 111.
.
stock
Preferred
mann
$9,475,434
3,063,028
December—
Manufacturing Co.—Expansion—
The Rheem Company Will manufacture the Fraser line at the Fraser
Furnace Plant at Stockton, Calif., under a lease arrangement.
The
<
FINANCING
1,000 shs.
cumul.
7%
1943
1944
$9,531,363
2,612,776
91,921,319 111,676,428 115,982,818
10,943,013
28,649,281 36,306,976
13,394,662
15,104,808 17,356,113
railway
St. Louis-San
-
j
Jaccard & King Jewelry Co.
preferred ($100 part
Mermod,
Emery,
1945
$7,664,086
1,477,762
1946
$7,869,581
1,205,340
8,727,805
railway
from
4Ji%
Rheem,
company
overcharge
$4,105,947,
Earnings of Company Only—
December—
Gross
253.
p.
'furnace and appliance business, including patents, designs,
Inventories and certain manufacturing equipment,
,
■I
expansion program.
Authorized
The
Gross
The assets applicable to the respective outstanding securities
par),
included net charges for
and corresponding tax
1945
for
From Jan. 1—
Dec. 31, 1946 were as follows: asset value per share of common stock,
♦3.87; asset coverage per share of preferred stock, series A and B
convertible bond due Feb. 1, 1950, $3,658.68.—V. 165,
figures
amortization of emergency facilities
of
Republic Investors Fund, Inc.—Asset Value—
<$10
489,790
14,380,573 $16,244,264
52,573
2,778,395
$1,147,327
2,671,871
claims,
Net
trucks.
and
13,744,338
636,235
$7,825,000 credit for estimated refund of
profits taxes account carry-backs. % Deficit.
comparative
NOTE—The
Net
-
in the
location
'December
accelerated
The company on
v
1,095,979
51,348
86,219,235
15,754,474
$8,810,575 f$l,524,544 $14,328,000 $13,465,869
chgs.
Bal. avail, for fxd.
Refrigerated Cargoes, Inc., New York—Registers With
<
84,741,533
and Federal
SEC—
if-for
6,465,298
$8,814,440
3,865
income
Federal income and excess
•
$8,048,974 $96,656,712$116,844,777
$8,308,921
6,999.524
*8,760,721
53,719
expenses...
oper.
1946—12 Mos.—1945
1946—Month—1945
revenues..
oper.
Total
$1,005,236
earnings
*Earnings per share on 509,000 shares of combined class A and class B stock outstanding.
taxes.—V.
income—
Period Ended Dec. 31—
1945
1946
v,"
,
$1,706,192
871,209
846,820
*Non-callable.
Nine Months Ended Dec. 31—
•Net
,*
railway
oper.
Other
"
<
$1,700,920
730,882
202,011
St. Louis-San Francisco Ry.—Earnings of System-
Brewing Co.—Earnings—
Red Top
t
$1,359,939
*1,042,310
*317,764
31,466
company
together with $80,000 available in a
at the redemotion price of $105 per
CAPITALIZATION, GIVING EFFECT TO PRESENT
Pittsburgh.
of
City
*
BWashington Counties, in addition to Allegheny County.—V. 164, p. 1250.
'
1943
income—
railway
from
Net
General Manager, said that the six
counties have a total population of over 2,250,000 persons.
The distri^'feution franchise covers Beaver, Butler, Armstrong, Westmoreland and
D.
from
Gross
Pittsburgh—Franchise—
Red Rock Bottling Co. of
1944
$1,288,164
209,831
railway
railway
oper.
The
solidation.
1945
From Jan. 1—
for the period.—V. 164, p. 3334.
gain of 47%
The company
has been awarded a franchise for distribution of
Ebling Premium Beer and Ale in six counties in western Pennsylvania,
■
from
Gross
*$6,059,595
Gales
shareholders who objected to the plan of con¬
will apply $981,250 of such net proceeds,
sinking fund, to the redemption
share plus dividends accrued to
the redemption date
(April 1, 1947) of the 10,000 outstanding shares
of 4'/z%
cumulative preferred stock of Denver Dry Goods Co., which
will then be a wholly owned subsidiary.
The remainder of such net
proceeds, estimated at approximately $1,021,750, will be available for
the general corporate purposes of
the company and its subsidiaries.
It is expected that a substantial part of such remainder will be utilized
rights of
appraisal
Mexico Ry.—Earnings—
&
1946
December—
MONTHS ENDED DEC. 31, 1946
CO. FOR 11
OP SUBS.
RESULTS
'
Monday, February 10, 1947
CHRONICLE
■■■
Total
Other
income
charges
—
—
Provision for taxes on
income:
State
Federal
normal
Federal
and
prof.,
exc.
surtax
less
postwar
refund
Net
profit
paid or declared on
held by public
Dividends
pfd.
24,523
1,012
$1,263,946
$1,010,260
profit applic. to cap. stk. of
the
—V.
47,023
$2,654,275
stocks of subs,
Net
.
company
165, p. 342;
.
.
•
V. 158, p. 93.
.(Continued
on page
852)
...
Volume 165
Number 4567
ITHE COMMERCIAi; A FINANCIAL CHRONICLE
Slock Record
«>:
DAILY RANGE OF PRICES
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
FOR EVERY LISTED ISSOE
m^rr:
h%#Fi
H W;M
—
LOW AND. lUGH SALE PRICES
•
Saturday
Monday
Feb. 1
$■ per
•95
110
*95
10%.' 10%
47'A
48
10%
17%
48
37%
110,
5%
5%
28%
100
5
'
45
42%
64%
45%
100
177
34 %
36%
100
37%
37%
97%
34%
7%
*49
34%
36%
20%
179
21%
21%
34%
36%
35%
98
98%
34%
34
34%
7%
8
8%
34%
36%
100
*99%
97%
8
80
41%
9%
71
71
71
30%
30%
76%
75%
75%
15%
15%
15
48
49
50
130
134
*130
134
54%
113
*191
95%
192
54%
54%
113
6%
*16
17
18%
18%
6
22%
*98
52%
*39%
29%
116%
37%
37%
37%
38%
11,400
2,700
1,100
*7%
*48
7%
7%
7%
52%
*49
2,300
78
79
81%
41
40%
40%
1,400
9%
9%
41,200
71
1,000
71%
70
70
70
70%
70
70
30%
30%
30
30%
30
30%
3,000
77
15%
16%
49%
48%
134
7%
96
192
54%
54%
111%
111%
27
27
25'/a
25%
23%
24
24
99
99
*39%
16%
48%
41
*75%
17%
96%
191
77
17
16%
17
48%
48%
134
7%
7%
97
96%
192
191
53%
*110
*75%
*130
134
7%
77
16%
77
49%
*130
7%
95%
*191
*75%
54
110
48%
96%
96%
53%
110%
190%
26%
107%
110
150
149%
152
25%
25
98
25%
25%
23%
24
98%
40%
27%
23%
*98
40%
99
40%
41%
1,600
3,900
26%
400
27%
4,500
111%
160
153
790
6%
6%
6%
6%
6%
6%
15%
15%
15%
15%
15%
15%
18%
17%
18%
17%
18%
18
18%
6%
110
110%
110%
110%
111
22%
23%
23
23%
23 %
98
99
99
99%
99%
39%
39%
40%
*40
8%
8%
10 Ye
*106
8%
10%
12
28%
23
99%
9%
•106
13%
28%
*115
29%
117%
12%
13%
28%
*115.
6%
112%
1,500
24%
8,000
101%
700
10%
112
10%
*106
300
32
11,500
10%
3,200
112
12%
*12
12%
12%
*13
13%
13
13
29
20%
28%
116%.
28%
29%
*113%, 115%
1,500
200
17,300
*115% 115%
Monday
Feb. 1
Feb. 3
Feb. 4
$ per share
$ per share
1 per share
$ per share
25%
25%
25%
25%
25
100%
*100
*100
25%
100%
*100
25%
100%
100%
Wednesday
Thursday
$ per share
25%
24%
25
$ per share
24%
4,100
1,400
2,800
100%
*100
15
15%
15%
15%
15%
15%
15
15%
15%
15%
30%
31%
31
31%
30%
31%
31
31%
30%
32
135%
*135
13%
*133
135
135
14%
American
Am
Bosch
Brake
Amer
Shoe
&
American
$7 2d preferred A
$6 preferred
6%
100%
136
*100
*135
NEW
50
137
30
Mach
Amer
3.90%
&
cum
Amer Mach
6%
preferred
110
110%
17
16%
16
*177
36%
36%
36%
36%
36%
36%
36%
35%
105%
105%
105%
105%
106%
105%
106%
105%
167
167
37%
*154
37%
158
57%
58
X56
166 Va
165%
166
166
37%
*155
37%
158
37
*155
37%
180
177
36
36
106%
106%
1,700
3,100
51,500
177
20
37%
26,500
107
1,270
15
14%
15
14%
15%
5,200
22
22
22%
22%
800
37
37
37
37
390
56
58
6,600
166
167
650
*37
38
600
"155
158
56%
165%
55%
167
38
*155
16%
22%
*36%
158
16%
45,500
158
166
37%
*155
56%
167
37%
158
*36
Amer Power &
$6
Rad
Stand
&
6%
1,400
American
Stove
700
American
Sugar
200
Am
83%
157
83%
158
56%
117%
17%
*103%
34
56%
117%
18
106
35%
99%
*84
99%
86%
10
10
*66
68%
40%
83%
159
*110
117%
117%
17%
18%
*106
106%
35
36%
99%
*85
10
*66%
40%
*49%
111
*50
51%
17%
*16
17%
18
5%
36%
14%
5%
37
14%
84%
159
56%
41
48%
6*2
55%
51
*49
47%
174%
47%
111
99%
86%
10
14
174%
82%
82%
x80
83%
159
55%
117
17%
*106
35%
84%
159%
56
117
18%
106%
84
83%
81%
82%
159%
159%
310
56%
57%
7,300
117%
117%
117%
118%
250
17%
17%
17%
181/4
34,000
17%
106
*85
86%
87%
106
41
51
48
47%
111
111
*109%
111%
51
51
51%
51%
16%
17
16%
18
*15%
14%
40
103%
90
17%
104
104%
300
39%
41%
72,400
103 7/a
103%
1,800
9%
9%
89%
9%
90%
10%
1,400
6,100
*67
39%
40%
40
50
51%
49%
50%
49%
51
600
48
47%
47%
47%
48
6,500
109 %
111%
111%
111%
70
52%
52%
17%
600
*
68%
40%
*67
40%
51
51
17
17
17
17
17
*15
17
*16
4
6
24% Feb
7
18
Oct
101% Feb
7
90 k
38% Jan
13
6% Jan
6
49
Jan
16
30
Feb
4
8% Jan 16
106
Jan
4
10% Jan 14
12% Jan
2
14:
Jan
18
29% Feb
7
116
Jan
9
Amer
Co
Refining
5%
Am
$6
Wks
Conv
Jan
13% Jan
29% Jan
&
Elec
41%
£3,700
Jan
15
21
15% Feb
3
12% Nov
16
32
Feb
7
23%
9
136
2,200
17
Anaconda
Anchor
14
Feb
12%
176
Jan
21
177
Feb
32% Jan
16
134
Jan
158
600
Jan
104% Jan 24
40
Sep
10% Sep
17% July
60
Apr
22% Jun
■
133% Aug
123% Aug
Feb
Nov
23
Feb
Xl73% Nov
27% Jan
37% Feb
107
Oct
34%
186
Feb
42% Aug
108% July
95% Feb
13% Jan
16
15% Feb
14% Dec
19% Jan
16
22% Feb
34 % Jan
14
37
Feb
52 % Jan
16
60
Jan
10
165% Jan
2
169% Jan
37% Feb
6
Sep
Sep
45% Sep
165 i Oct
36
24
11
Feb
6
Jan
16
79% Jan 22
Oct
73
84% Feb
67% Apr
200% Jun
99% May
100% May
174
July
Oct
76% Oct
153
Jan
3
Jan
16
159% Feb
58% Jan
150
x52
116% Jan
9
118% Feb
116%
Sep
14% Jan
13
13%
Oct
28%
Jun
102%
Sep
110%
Feb
Sep
48% Oct
18% Feb
106% Jan 30
78
121
26 % Jan
16
41% Feb
7
29%
Jan
93
Jan
14
103% Feb
6
100%
Dec
70% Jun
182% Jun
15
Dec
105% Nov
90% Feb
80
Jan
1
9
Jan
13
10% Jan
68
Jan
14
68
Jan
7
87%
6
7
Sep
15%
14
64
Dec
90
51% Feb
60% Jan
—50
37% Jan 22
41% Feb
35
Oct
Cable
No par
45 % Jan
51% Feb
41
12.50
No par
46% Jan 22-
51
Jan
38
Sep
Sep
111% Feb
52% Feb
108
Glass Corp
preferred
Clayton & Co
Anderson-Prichard Oil Corp
Andes Copper Mining
$4
Products Co Inc
preferred
Jun
4
25
preferred
&
May
103% Jan
Copper Mining
Wire
Feb
No par
& Smelt
conv
Hock
Apr
May
38% July
58% Feb
158
Apr
Sep
47% Jan
159% Nov
82% Feb
Apr
43
138
174% Feb
21
50%
>
Sep
38%
Jan
54
■
50% Feb
172
27% Nov
146
Jan
191
Jan
25% Dec
3
78
Apr
73% Jan
.
34% Dec
6
170
Jan
Aug
33% Feb
52
160
158
48
20
19
33
No par
100
Anderson,
Itfo
43% Jun
163
July
133% Dec
11
Jun
25 % Jun
97% Jan
88% Jan
Feb
21%
«
109
46%
15
Jan
2
Jan
-10
16
Jan
16
13
20
15
Jan
9
4% Jan
33% Jan
No par
100
121
106%
Oct
17
$6 conv prior preferred
13%
121
*155
: Nov
122% Feb
35,000
14
321
158
98
111
14%
13%
158
101
13
No par
5
*119%
45% Mar
No par
prior preference
Anaconda
# per share
21% Oct
6
16
No par
Woolen
prior
Highest
$ per share
13
25
1st preferred
Amer Zinc Lead
May
119
—14
100
Corp
Preferred
$5
68%
Jant- %
;
Year 1946
Jan
25
preferred
American
May
16% Jun.
15% Jun
-100
Viscose
Water
100
28
100
preferred
6%
18% Mar
Lowest
$ per share
No par
class B
Common
35% Nov
118
22% Nov
Xlt
&W
No par
Tobacco——
American
;Jan
63
9% Sep
11% Mar
5
Telep & Teleg Co
American
Jan
12% Jan
.
24% Jan 13
115
Jan 15
May;
55%
•'
Jan
Jan
Archer-Daniels-Midland
Armour & Co of Illinois—
13%
,12% Jan 31
% May
118
31% Dec
8% Sep
99%
Jan
1,700
158
4
.
14
3,300
121
Jan
102
5%
•154
10% Jan 24
106
114
38%
*119%
x34% Jan 10
Feb
5%
122
Oct
15
37%
158
44%
5
13
5%
120
52% Feb
11% Jan
37%
158
Oct
7
5%
158
5%
10
36%
122
37%
Jan
5%
122
40% Jan 27
8% Feb
3
129
Sep
Sep
Jan
36%
*156
.,5% Oct
Sep
No par
No par
Tobacco
Sumatra
11%
100
14% Feb
36%
13%
6% Feb
115 % Jan
38
A P W
125
23% Jun
28% Aug
14% Jan
13
5%
1.58
Oct
14
"
10
*155
88%
105%
118
5,300
68%
*121
For footnotes see
pag* 827.
103
88%
47%
13%
37
102
51
9%
*67
*103
39%
40%
14%
19,900
1,600
80
56%
100%
37
172%
159%
100%
36%
79%
56%
51
37
171%
81%
159%
100
5%
173%
x82 %
117
Sep
22
10
100
Preferred
56%
36%
*5%
55
84%
40%
5%
44
146
*54
159%
36%
*16
44
*145
54
55%
47%
16%
172%
44
146
158%
9%
17
37
174%
82%
68%
16%
5%
174%
9%
50%
53%
*82
*66%
111
*43%
*145
174
68%
50%
*16
43%
54
Fefe
5%
109% Jan 29
19
Jan 13
96% Jan 16
15
261/4
34% Apr
32% Jan
13%
9
40 % Jan
26
Steel
164% Jun,
•
17% Nov
19% Jan
142 % Jan
26%
82
5 % Jan
.7
16% Jan 31
100
26
173%
16
100
25%
82
6
16% Jan
29 % Jan
x45
Jan
25%
173%
6% Feb
5% Jan 15
15 % Feb
5
26%
*81
July
25% Feb
26%
173%
1
No par
*26%
146
75
Jan
Stores
*52%
41% Nov
27% Jan
American
*43%
Jan
13
Amer
2,200
*145
46
22
9,300
26%
54
Jun
13
Jan
Jan
36%
26%
43%
-
37
26
35%
26%
146
108
30"% Jan
35%
43%
Dec
Foundries——No par
No par
35%
26%
*53
97%
Jan
36% Feb
27
*145
Feb>
=
3
35%
54
99
25
26%
146
22
Jan
27
*52%
Sep
153% Jan
26%
*145
20%
12% Jan
25
26%
54
Feb
100
26%
146
Sep
17% Oct
24
NO par
San'y
preferred
non-cum
Feb (
"
95 % Jan
-
5
<
40% Jan
150
26% Feb
No par
No par
Snuff
American
26%
*52%
132% Mar
100
26%
*145
Oct
21% Nov
35
1
Preferred
35
45
72% May
96%
10£%cJan
210% Mar
16
24% Jan 23
-100
Rolling Mill
4%% conv preferred
American Safety Razor
American Seating Co
Amer Ship Building Co
Amer Smelting & Refg
36
27 %
Nov
No par
Preferred
35%
*43
Oct
Dec
42
13
t per share
Co
American
36%
*26%
79
184
Range Since January 1
Lowest
Highest
No par
No par
preferred
preferred
$5
Am
35%
44
14
No par
-100
Light com
36
27%
29
Jan 28
54% Feb
Range for Previous
Co
35%
44
Sep
17% Feb
Oct
100
122
110%
57%
Jan
/
X137
May
5%
No par
1211/4
110%
57%
,—100
—
111
58%
—1
Ltd
Co
110
36%
56%
129
3
Jan
No par
Metals
&
Metals
Amer
119
36
—50
Fdy Co
preferred
122
37
7% Feb
Apr
20% Jan
No par
No par
—
SS
Jan
20
Par
122
35%
147
YORK STOCK
122
36
97
EXCHANGE
121%
*35%
Feb
193
45% Jan 17
No par
—No par
—
122%
36
3
6
preferred—
_100
Amer Internat Corp..—.—No
par
American Invest Co of HI
—I
American Locomotive ——No par
121%
105%
36
90% Jan
186
Jan
non-cum
122
14%
16
—1
preferred
conv
15
*21%
Apr
50
133% Jan 15
5% Jan
No par
40
American Home Products.
American Ice
14%
15
64%
41% Jan 13
130% Jan 22
1
14%
22%
Jan
Leather.
&
14%
14%
30
10
14%
22%
12% Nov
36% Oct
Co
14%
14%
17% Feb
100
Amer ts Foreign Power
$7 preferred—
14%
22%
13
—No par
Encaustic Tiling-
14%
14%
Jan
1
Amer European -Sees
American Export Lines Inc.
15
*22%
13
prior preferred100'
Amer Distilling Co
stamped-.—>20
14%
14%
Jun
Vz%
News
22
88%
120
Molasses
14%
Oct
100
Colortype
American
22
72%
Jan
4
American
180
77% Jan
19%
104% Sep
800
*177
Jun
22
Feb
1,400
*176%
45%
Jan
.
Dec
Oct
75
156
14%
16
74%
25%
6
110
37%
16%
57% Nov
Jan
8
14%
180
Jan
Jan
31
107% Jan
37
16%
10
72
16
5% conv preferred
American Chicle
14%
109%
16
14
115%. Jan
27% Feb
37
*177
75
Apr
91% May
53% Jun
3
14%
16%
29
6
37
110
Jan
Feb
14%
179%
50
23% Jan
36%
16
12% Apr
110
14%
109%
39% May
Oct
6%
No par
7% non-cum preferred—
100
Am Chain & Cable Inc
No par
*36%
16%
3
62% May
95% Nov
Sep
8% Jan
Fdy_
14%
178%
8 % Feb
25
&
36%
110
16
Nov
91% Nov
25
25% Jan
100
Car
14%
16%
6% Jan
No par
Preferred
American
36%
109%
23
67% Jan
Corp
American Can
14
*176%
Jan
1
Co
Radio
36%
122
Feb
35
38% Jan
50
preferred
Cable
13%
122
99
7
;
July *
10
Corp
36%
122
16
16
Nov
13%
14%
34% Jan
93% Jan
31% Jan
Jan
108
100
pfd
37
*36
Jan
9,
cum conv
American Bank Note
6% preferred
Shares
25%
100%
15
135
30%
101
Jan
29%
*
Nov
the Week
31
*133
Nov
14
Sep
Sales for
Feb. 7
14'%
135
99%
Jan
Dec
Oct
7fc preferred
Friday
Feb. 6
31
*133
63% May
100
STOCKS
Feb. 5
Tuesday
39
Nov
37%
LOW AND HIGH SALE PRICES
Saturday
Sep
31%
64%
6%
12%
13%
29%
36% Feb
44
Hide
53%
18%
35% Feb
84% Jan 29
American
311/4
12%
6,800
10,000
22% Feb
3
41% Jan 30
3,900
*52%
*13
2,300
1,200
212% Jun
8
Jan
No par
100
July
Aug
26
Oct
16
32% Jan
30
No par
1
113
17% Oct
154
4
8%
53%
*106
Feb
Feb
13
8%
31%
10%
21
180
16
8%
30%
*9%
112
Oct
Feb
16
22
Jan
Hawaiian
*52%
10 %
91%
101
17% jan
169 % Jan
18% Jan
Jan
American
30%
*106
24
1
Jan
600
52%
10%
97% Jan
100
46
40%
30%
112
Jan
61% May £
8% Jan
'
Oct
x75
38
*39%
8
Jan
82
Jan
50
39%
52%
*12
29%
110%
53%
12%
117%
*115
39%
8%
23%
100
31
13%
12%
*13
8%
8%
110
23%
*98
40
40
6%
6%
110
23%
98
6%
6
69%
Oct
38
10
16%
6%
29%
52%
47% Feb
-10
18
6%
43% Feb
64% Feb
13
'
Amerada
No par
Amer Agricultural Chemical-No
par
American Airlines
1
3%%
Aug
13
Co_
*15
Oct
Jan
American Crystal Sugar-
16%
3%
51% May
103
40% Jan
American
1,900
Dec
56
4,500
44%
Nov
par
2,700
42%
12% Feb .-'
25
90%
par
23%
130
59% Apr
Mar
'135
Sep
;
5% Feb
26%
99
20% Feb
Oct
5
Jun
41% J an
,
3
No par
preferred
Petrol
Corp
2
Jan 29
60%
r
*
Dec?
Nov
104
•
_
31% Jan
98
Jan /'
Feb
x£KL ; May
24% Feb."
13
No par
100
conv
33
Jan
5% Jan
LO
•
>
'V/; 24% SeRr
8%
lea-"--May"
-
Jan
25
18%
6%
Inc
Corp
44%
fr'V
Dec
>
33
23
*97%
18%
6%
33/4 Jan
Jan. 10
107
••
■
-
13% Oct;,J
38% Feb
.
-
93b
100
5
Co
Amalgam Leather Co Inc
40
54%
151
27
97
113
♦110
*23%
8
Nov
Feb
10% Feb
No par
3%% cum conv pfd
Alpha Portland Cem
5%%
23,400
191%
53%
108%
5,600
6,800
7%
*112
26%
70
49
7%
108%
•148
Jan
1
preferred
Allis-Chalmers Mfg
134
*130
7%
192
53%
111%
13
92
&
30%
•
,
17%;Feb.y 1-
*15
100
4%
1,600
30%
*130
Stores
.
Jan
Co
Mills
Allied
6%
9%
9%
Kid
Allied
6
37%; Feb
25
preferred
Chemical & Dye
Allied
55
____5
___
Allegheny Corp
52%
78
30
28%
300
40%
*52
*115
100%
9%
31%
13%
100%
791/2
52%
*13
100%
41J/4
30%
12%
36%
9%
31%
10%
351/4
36
79
52
112
35
36%
*100
34%
41%
8%
12%
36
9%
51%
10
34%
36%
2,100
3,100
11,500
80
8
*106
34%
22%
40%
30%
*75%
Aldens Inc common
Allied
21%
10
*
;
5
Highest
$. per share
.
•61% Aprv
105% Oct
10%Feb~7
48% Jan
;
;
1,100
34%
52%
100 ,r'
2,300
6,600
'■
16
8% Jan ,16
33% Jan 16
105
Jan 10
No par
Gold
21
35%
*48
Inc——
Vicksburg Ry_
Juneau
7
16
.Jan
33% Jaay 3
179
21%
100
Reduction
Alaska
—
SV/a lAn.
14%-Jan, 16
48
Feb
1
No par
21
x21%
100
Air
.-
Lowest
\
:
share t t per share.
14
8% Jan
45
Admiral
179
21%
600
471/4
101
9%
*50
31%
20%
177
21%
63%
45%
■■'''•
■
/AMwsteMuWgjry
20%
177
63
77% Jan
u,-k
101
63
45%.
*15%
*109%
40
21
AdamarExpress.
/Adams-MJllir Corp;...—.
101
45%
*98
179
,NftjM»*
5%% preferred A
$2.50 prior conv preferred-No
Alghny Lud Stl Corp
No
Alleg & West Ry 6% gtd
Allen Industries Inc
6
109%
22%
12,500
40%
25%
6%
100
122,600
6%
6%
109%
20%
5%
43%
63
45%
102
178
5%
41%
98%
99
6%
63
45
*99
5%
:
r
4y4%
40% -41%
.:.
$ pgrshare
1*$$, Fe»r 104R. '&$$$?$*
'*4 ■
LqwW
;
Noparl
ACF-BriH Motors Co_.—..2.50,.
Acme; Steel Co:———10
Alabama. &
33%
150 %
40
63
5
,
-
100%
*96%
33%
149%
6%
*96%
98%
150
40
12,300
8,500
2,900
30%
33%
149%
41%
100
29%
98%
147
40%
*96%
29%
100
98%
108%
25%
r
5%
*33%
108%
23%
2,500
3,700
>
38%
.
7%
27%
*97%
300
112
33%
108%
23 Va
r
5%
-
98%
26%
99
37%-
*108
7%
*107%
25%
29V2
5%
33%
27%
25
112
5%'
29%
-
98%
108%
23%
28
8
26%
*97%
5%
99
107%
148
5%
33%
7%
7
*109
*108
■
.
9% >10%
%
38'A
*79
-
15%
47
•>
.•.•3&%-:37V~;
.
38
*49%
71%
30%
192
112
10%
38%
9%
30%
5,500
,
*47% " 49 V
33
80
41
16%
98%
52%
9%
52"%
63
46%
102
20%
34%
40%
191
100
63
178
.
.
'
45%
*99
21%
82
•111
*107
9%
5%
100
*50%
*47y»..~50:<
42 "A
45%
16%
;5,600
1,300
\
J 48
Pojr
Laboratorlescom—
Abraham.A. 'Stranitl-
:■
Range Since January 1
Highest
.
;
Abbott
3,300
..
•
5%
20%
100
95%
37---3d*
41%
38
95%
38%
■
5%
180
21%
7%
37%
9%
10%
46%
-
36%. 36%
9%
37%
42%
9 %
95
EXCHANGE
Shares
.
Range tot Previous
NEW FORK STOCK
110.
10%
10%
37
•
5%
38
7%
16%
41%
40%
*75
16%k
5%
37%
52%
*80
Sales for
the Week
,81%
*95
47%
-
49%
5%'"
28
*96%
102
*20
36
112
5%
28
65
45%
21%
*107
-
47%
-v
48%
>
80%
110
10
17
•
42%
*97
20%
*34
5 %'
*95
10%
16%
37%
10%
100
*63
177%
*99%
««•
$ pershqre
80%
48
*47%-
38%
5%
21%
1
10
37%
80
110
10 '
■»'
49%
37
28%
42
176%
*48%
112
*96
*20%
'
38%
5%
28
5%
63 %
Feb. 7
$ per share
80%
*95
17
10%
-
*106
•
47%
■>
16%
37%
10
38
*28%
*97
Fridays
Feb. 6
tper share
-79%
•
10%
47%
■
-
110
10%
•
49%-
37
10
80%
-'
*95
17%
♦47
38%
79%
10%
48
16%
37%
9%
38%'
40%
Thursday
Feb. 5
$ per share <?
110
*47
47%
17
*96
Wednesday
Feb. 4
81%
*'"•
•
Tuesday.
share
80%
80%
SS!
STOCKS
.
•79 %
*106
'
Fob. a
$ per share
=
*
"
ft'"
62 % May
xll4% Mar
x64% July
27% May
15%
Oct
Jan
29
13%
Sep £
20
5% Feb
7
4%
13
38% Feb
7
12% Jan 16
14% Jan
6
Feb
10%
Feb
41 %
Dec
/ 10%
Sep
Jan
30
130% Jan 24
112
Sep
Jan
16
161
10
125
Oct
Jan
24%
Nov
26% Mar
1
xll8
150
Dec
43% Jan
17% Jan
16
Jan
May
18% May
k;
.
139
July
172
Jun
STOCK RECORD
NEW YORK
^
"
I
m|ii»"lU '!l
Monday
Saturday
$ per
104
103%
127%
16%
16%
16%,
16%
19%
xl8%
19 %
18%
19%
130'
132%
X131
134
xl30
130
48
48
*108
53%
54%
54
28%
*64
37%
35%
35%
109%
109%
110%
109%
*102%
*66%
120
*117
104
103%
»
24
24%
65%
121
65
65%
*118
27%
*25%
11%
11%
11%
11
17%
*17
27
:
12
11
11%
11%
17
17%
17
17%
1,800
4,100
3,100
27 %
26%
26%
26%
6%
6%
26%
27
26%
26%
6%
7
6%
6%
47%
46%
7%
39,100
48%
3,300
47%
23%
23%
24%
22,000
Baldwin Locomotive
16%
50,200
Baltimore
7 '/a
May-
148
May
Feb
46%
Sep
58
Aug
78
Oct
121
May
100
Oct
125
Jun
17% Feb
13
Oct
45
29 V8 May
16
58% Feb
Sep
83
17
29y2 Jan
263/4
Dec
49% May
Jan
22
67
68
Dec
94
6.
31
Nov
7
105
Nov
130
V2. Jun
30.
100
Dec
110
May
Jan
Jan
38% Feb
Jun
May-
51% May
32% Jan
13
107%' Jan
15
112
Jan
Jan
2
105
Jan
22% Jan
16
58% Jan
13
68
Jan
Jan
15
US
Feb
7:
114
Nov
Jan
10
27% Jan
30,
25
Sep
40% Aug
9%. Jan
16
12
Feb
r
10 y4
Nov
25%
16% Jan
2.21
1.7%
Jan
16%
Sep
23% Jan
13
29% Jan
29
18
Nov
20% Jan
16
27% Jan
27
15%
Oct
32%
6 y4 Jan
3
7V4 Feb
7
6ya
Nov
14%
Feb
Jan
13
48% Feb
7
41
Oct
83%
Feb
13,.
100
18%-JHn 13
13
Jan 13
24% Feb
Jan
100
50
13% Jan 13
12% Jan 13
xl02
Corp
Nichols
48
7 %
153
Dec
62
Tack
48%
6%
Jun
Dec
125
25% Jan
47
27
47
32%
124%
Feb
Jan
13
1)5
Austin
Nov
Aug
48
15
100
Atlas
ioo
30
99
13
14%' Jan
Oct
110% Feb
3
Jan
88
No par
sNo par
Conv prior pfd ($1.20)
No par
Autocar Co
,5c
Automatic1 Canteen Co of Amer—5
Aviation Corp of Dei (The)
3
$2.25 conv preferred
No par
7,300
28%
27%
47
27
27%
*26.-
28%
29 %
47 %
118
46% Jan
105% Jan
Feb
36% May
17
19% Feb
132 % Feb
134
May
112%
Dec
12
2
23
Jan
Sep
18%
Jan
13
15% Jan
No par
preferred—
4%; conv
t"
40
118
:
Atlas Powder
520
26%
28%
46%
64%
28%
29
46%
64%
26%
28
6%
65%
5,100
16% Feb
123
100,
-5
preferred series B
Atlas Corpi.
'
29
17%
46%
25%
29%
29%
7
24%
16
126% Jan,
25
100
pref series A_
conv
3.60%
r
17%
28%
27%
80
.
:
11
17%
*17
104
121
4%
790
Jan
-i>
100
preferred:
non-cum
.Atlantic Refining—
8,100
24%
*118
27%
*25%
11%
17%
*16%
28%
104
64%
121
5%
19
14
No pur
SS Lines
Atl G & W I
400
112
104
*103
24%
'113
111%
Atlantic Coast Line RR
7,400
.
6
20
65
Nov
102
107% Feb
Jan
10
T F Inc
A
42%
7
.Tan
55
Jan; 22
i
$ per share
$ per share
share
16% Jan
104
100
preferred
5%
300
111
24%
27%
11
11
110
Atch
4,900
38%
38
38%
37%
109%
103%
*25%
27%
*27
37%
*65
70
*64%
38%
109%
"65.;:
66%
65%,
117
117
67
70
24%
24%..
24%
24%
24%
56 %
.
Investment Co
Topeka & Santa Fe
Assoc
100
7,600
113
28%
109%,
'102%
104
*102%
104
56 %
28%
*64
37%
109%
58 %
28%
70
54%
28%
70
37%
36%
17
17%
29%
*28%
'
17%
54%
29%
*28%
70
28%
*63%
17%
54
54%
53%
28%
68
17%
110
110
17 Vb
17%
17%
17
17%
17%
17
28%
*1U%
93%
*108
52%
*63.
94%
96 %
preferred2d preferred^x
1st
7%"
290
129
50%
9418
110%
94%
6%
370
*47%
*47%
93%
108
103
110
50 %
94%
93%
95%
94%
129
12,500
129%
50%
*129
*47%
Artloom
Corp
Associated Dry Goods.'
5,100
16%
19%
19 3 a
128
130
132
130'
132%,
130
18%
16%
16%
$3.75
Arnold Constable Corp
200
48
..No par±
No par
5
No par
.....1
1QQ„
IOO
No par
100
Cork Co
preferred
Armstrong
260
t per
Highest
Lowest
Highest
$ per share
Par
4,500
51 %
107%
18%
19%
50%
*45%
95
110
*108
19
50
107
•
16
19%129% 130
123% 129%
130
130
*45%
50%
*129
93%
*18%
19 i
*18%
51
106%
*18%
19
*105%
19%
19%
19%
105%
16
15%
16
15%
19%
*18
19
*18
105 Vb
Lowest
Shares
$ per share
share
50%
51
50%
105%
105
104
103%
$ per share
52%
51%
52%
52
52%
$ per share
share
$ per
share
51%
$ per
Year 1946
Range Since January 1
vo*& STOCK
EXCHANGE
the Week
Feb. 7
Feb. 6
Range for Previous
STOCKS.
NEW
Sales for
Friday
Thursday
Feb. C
Feb. 4
Feb. 3
Feb. 1
u
LOW AND HIGH
Tuesday
SALE PRICES
Wednesday
Monday, February 10, 1947
CHRONICLE
COMMERCIAL ft FINANCIAL
THE
•
43'
25.y8 Feb
-
7
.
31
Oct
x533/4
9.
34%
Apr
NOV
22 %
97%
Jan
135
Jun
Jun
23% July
Jan
37%
Aug
B
22%
23%
23
23%
227/s
15%
16%
15%
15%
16
15%
15 78
16 %
25%
24%
23%
24%
24 Vb
24%
23 3/s
23%
24 ya
15%
16
14%
14%
15
15%
14%
15 V4
15
68%
68%
68 %:
69
68 %
54%
54%
54%
25%
*25
52
*50
23%
23
22%
23%
15%
15%
15%
23%
24%
24
*14%
14%
14%
*65%
66
66
55%
55
55%
54%
25%
25%
25%
*25
25%
*50
52
55
24'
23%
24%
7,100
Barnsdall Oil Co—1
24%
23%
24
19'/a
19%
19%
1,600
Bath
19 Vb
19%
19%
23
22%
23
223/4
2,100
23
23
24
Bayuk Cigars Inc
Beatrice Foods Co
107%
107
107
107
*38
*110
115
115
*110
17%
91
.
*38
40
*38
115
*110
*38
39
*110
115
39
115
114
114
16%
16 %
16%
16%
17%
23%
23 %
500
23%
23%
23
28
100
37%
38%
38
39 %
10,200
27%
27%
27%
2,100
101
33%
102%
1.000
27%
28%
100%
100%
100%
33%
32%
33%
24%
24%
24%
24%
149
99
150
65
66
66
17%
17%-
17%
17%
17%
17.
17%
34%
34%
35
35
34%
35
34%
19%
19%
im
19%
19%
19%
24
22%
23 %
45
*43%
44%
17%
17%
17
39
38%
17%
38.%
23%
24
*44
*17
18
*36%
39
*36
39%
16 %
16%
35
35
35
19%
19%
20%
10,300
22%
22%
23
24 %
44
44
44%
45%
56%
55%
56%
*36%
38
19%
20
*54%
19%
*106
108
107
107
*62
63
63
63
63
63
33:%
34
33%
34%
43%
43%
43%
43%
44%
48%
48%
48
48%
47%
99%
*98.
99%
*99
38
12%
12%
39%
38%
12%
12%
llOu
96
96
17
17%
39
38%
39 %
29%
30%
30%
51%
51%
51
51V4
,
107
35
34%
105
103%
103%
27%
26%
122%
122%
1,200
Bower
12%
12%
12%
-7,200
100
30
30%
29%'
30%
48%
50
49%
50
:
35%
*34%
104%
*103%
26%
26%
26
14
14-1%
14%
14%
14%
85%
84%
85'r
84%
30%
*29%
30%
30%
30%
*30
30%
101%
101%
*101% 101%
*101%
22%
22%
22%
22%
34%
34%
35%
21%
35%
18%
19%
34%
19%
♦95%
98
*95%
92%
*90i
8%
19%
:
.
,
5%
*101%
21%
22
22
22%
36 %
37%
36%
37
:
19%
20
19%
20
20
20%
25,500
104
101%
102
101
95%
96
*102*96
92%
90
90
15%
15%
15%
8%
90%
10
15%
15%
15,300
8%
Q3/a
4,900
92
84
83
97 '
25%
25%
5%
130
107
*5%
3,300
19%
5%
6,000
*5
5%
19
19%
19
98
98
98
98
24%
25%
25%
25%
97%
25%
106%
5,600
24%
23%
23%
107:
107
150
83
82%
5%
19%
97%
24.%
97
25%
83%
330
ioo y2
100
92
23%
23%
107
24%
19
500
96%
*89%
84
96
*95%
8%
*89.
97
96
*24%,
18-%
90
101
15%
84
18%
Bulova
90%
8
89
23,
Bullard
6,900
15%
92
107"
3,100
*89%
8%
8
25
:'
97%
97%
23%
x23%
Xl06% 106%'
5%
5%
wtk
Buff Niag
37
19%;
97
1
•
Buffalo
22%
84/
23%
108
5%
18%
M
23.%
23%
108
5%
...
%
83
81
23%
*107
600
101%
89
86?,
83.
m
88
■■d'. 8i
.
8%
101%
20%
15%
8%
15%
8%
8
*85
.
15%
101%
36%
*90>.
92%
15%
15%
'
30 y2
30
30%
400
85
85
84
101%
110
57,500
14%
310
1,200
No par
No par
1
100
Co
Forge
El Corp $3.60
Co
5
:—-100
pfd
Apr
64 y4
Aug
25%
Dec
41V2
9
48%
Oct
57
May
7
21
Sep
f"3l
May
18%
Dec
21%
Oct
24%
46%
Sep
73
111
5
104
Feb
2
11
Nov
30%
Apr
37
Jan
8
30%
Oct
43
Jar)
116
Jan
14
101
Oct
142
Jun
16% Jan
7
15
18 % Jan
6
15%
Nov
24% Jan
-105% Feb
2
16%
Oct
37
Apr
Dec
112
Jan
39 % Feb
7
Oct
58
28% Ja
.
102
283/4
Sep
963/4
Dec
35% Jan
21
26 y4 Jan
3
24%
7
6
22
Feb
4
85%
99
22
7
Monday
Saturday
:■
Feb. 3
Feb. 1
$ per
Feb. 5
143
$per s,hare
Dec
168
Mar
23
53
Nov
83%
6
31
Nov
46
7
15%
Oct
30%
Feb
24% Jan
6
18%
Oct
33 %
Jun
Ja n
6
37%
Sep
58
Jun
46
Apr
May
17% Feb
3
14
38 y2 Jan
31
34
Nov
66 %
May
22% Jan
2
18
Dec
35
Mar
56% Feb
3
42
Oct
73 %
116
Jan
8
101
Sep
67
Jan
9
52
Oct
69% July
35% Feb
7
27%
Nov
48 % May
9
Sep
18% Aug
112
Jan
Apr
57%
42%
Sep
Jan
31
36
Nov
61%
Jun
99j/2 Jan
31
99
Dec
107 %
Aug
6j/8 Feb
3
43%
Sep
11%
Jan
49% Jan
49
Apr
39% Feb
1
30%
Dec
35 Vb
Dec
12% Jan
6
12
Dec
34%
Jan
Jan
3
72
Jan
95
Dec
17% Feb
7
13% Sep
20%
Feb
39% Feb
7
30y4
Oct
53 %
Jan
30% Feb
7
23
Oct
42%
Jun
96
63
Jan
35%
2
107
Jan
70
May
Nov
105
115
Apr
Jan
22
28% Feb
5
25
Oct
38%
36 y4 Jan
7
31%
Sep
45% May
103% Feb
3
Oct
110% Mar
27 y2 Feb
3
IN 0
Oct
38%
17% Jan
6
14
Sep
253/8 May
120
103
Feb
6
Jan
7
9%
Oct
22
85% Feb
3
70%
Oct
99
30% Feb
1
25%
Oct
101% Jan
30
96%
Dec
23 y4 Jan
6
37 y4 Feb
.6
6'/2 Jan 14
79- Jan 6
81
Feb 1
21J/4 Jan. 13
xl06y4Feb' 4
Jan 17
Jan 16
Feb 1
Jan 13
Apr
Apr
130
14% Feb
123
89y2 Jan 3
90
Feb 5
13% Jan .16
18% Nov
Feb
ya
Jun
Jun
45%
Feb
108% Mar
46%
Jun
59% May
33
NoV
20% Feb
7
16%
Oct
102
Feb
3
953/4
Dec
ill
97
Jan
30
84%
Dec
II93/4 May
95% Jan
6
92
Dec
102% Aug
15% Feb
1
9% Feb
7
100% Feb
7
Nov
13
26% July
Mar
21%
Jun
153/a
63/s Nov
Jan
75
Dec
100.
Apr
75
Oct
98
May
Jan
22
24% Feb
7
108% Jan
'4
5% Feb
.7
Oct
9,%
19% Feb
7
15
Oct
35%
Jan
3
99
Oct
25% Feb
6
193/4 NOV
88
104
-
■
January I
Highest
S: per share
Shares
$ per share
52% May
31% July
114% July
Jan
36
20
Lowest
EXCHANGE
the Week
Feb
NOV
39 % May
203/4 Nov
105,
Sep
4%
110
May
Jan
Feb
112% July
40
May
Range for Previous
.
$ per share
$ per share
$ per share
share
-
■
Feb. 7
Feb. 6
-
Feb.
Aug
20 % Feb
18 y2 Jan
16
2
13
15
Jan
112 %
3
Feb
66
Jan
36% May
29% Nov
27
150
Ran^e Since
STOCK
jjpw.
Sal** f«r
Friday
Thursday
35%
7
STOCKS
LOW AND HIGH SALE PRICES
Tuesday '
'
Wednesday
28 34 May
Oct
n
Jan 16
4%
I5y4
96
23%
3
Mar
110
102% Feb
17%-Jan 16
95y2 Jan 2
conv
118% July
31
28% Jay 14
48% Feb 5
Jan 10
Jan 16
Jan 29
Jan 14
15 Vb Jan
120
Jan
IIV2 Jan
72Vb Jan
28
Jan
99
Jan
Nov
Nov
May
Jan
9% Jan 16
95
Jan 24
14 V2 'Jan 3
33
Jan 3
.
Feb
39%
12
Jan 3
Jan 11
106 y2
26
34%
102
23y4
Jun
107% Feb
1
-100
2nd preferred___,100
3%%
preferred —
100
Burroughs Adding Mach
No;par
Bush Terminal
1 1
6% preferred
-100
Bilsh Term Bldg 7% preferred„100
Butler Bros common
10
:4%% preferred
•.
100Butte Copper & Zinc
___5
Byers Co (AM)
—.—No par
Participating preferred
-100
Byron Jackson' Co
No par
3%%
363%
7
Jan 22
31% Jan .16
Watch Co Inc
Burlington Mills Corp com,^
4%
preferred
Jun
6
Jan
110% Jan
—5
No par
—
88 V2
4% Jan 11
34% Jan 2
Co new
5;
Braniff Airways Inc—T—_
2.50
Brewing Corp of America—
-15 «
Bridgeport Brass Co~_
No par
Briggs Manufacturing
No par
Briggs & Stratton
No.par
Bristol-Myers Co¥ common
2.50
:3%% preferred;
100
Brooklyn- Union, Gas
No par
BroWn Shoe Co Inc com_:
115
$3.60 preferred
No par
Bruns-Balke-Collender
:_No par
Bucyrus-Erie Co
7% preferred
Budd (The) Co. common
$5 preferred
7,700
123
14%
.
Sep
7
'Jan 11
43
98
Roller Bearing
940
17%
16%
*122%
22
101%
*95%
*90.i
800
36
104
*102
98
10
26
22
101%
19%
102
102
104
14%
84
85%
84
84%
400
35 %
26
17%
122
14%
3,000
28 %
*103
26
123
122 %
122%
,50
'
104
16%
17%
17.
17%
122 %
2,800
35%
*34%
26%
6,800
49%
35%
*103%
35.%
105?
30%
108 %
28%
14%
102
11,700
30%
28%
30%
*100%
39%
'49
28%
28%
28%
30%
20
7,700
*107
108%
*107:
108%
*107
100
100
38%
84%
>
6
17%
39
14
13%
*93%
100
*93%
17%
28%
*121%
122%
2,200
39%
38%
17
17%
17%:
17%
17
*121%
5%
*37%
17
26%
26%
5%
39%
3%%'
66
2
Jan 21
Jan 13
40% Jan 23
—5
100
12
12
*94%
51%
(The)
Co
5
7
63
29
cym preferred —
Boston & Maine RR (assented)-100
30%.
*103%
27%
99%
39 V4
*3,4%
35,
*34%
*103%
*99
17%
27%
27%
Borg-Warner Corp
39%
11%
108%
*107'
107
27%
27%'
*27%
'
Borden
6,100
99%
38%
■
107
*106
8,200
48
17%
50%
„
8,700
48%
x43
48%
Feb
Jan
May
Jan
Jan 3
17% Jan 16
48%. Jan 16
105- Feb 7
—1
15
30
Feb
35
No par
B
Class
Bond Stores Inc common
44
44%
17
38%
30.
Inc-_—
35%
35%
39%
17%
38%
.
40
34%
..No par
preferred
*5%
99%
110,
17 %
29%
.
63
*99
qq
38%
12%
*94%
.
17%
17
*62
47%
5%
01
5%
*94%
63
43%
99%
6%
38%
12%
39%
60
34%
48%
47%
48%
'
5%
6
106
*62
64
*98
106
conv
Laughlin
&
Bloomingdale Brothers
800
108
*106
33%
56
—1
Co_
2.50
—No par
Boeing Airplane Co
5
Bohn Aluminum' & Brass
5
Bon Ami. Co class A
—No par
Bliss
7,300
20%
55%
55%
55%
50
38
*36%
(E, W)
$2.25
500
1,000
18
*17%
17%
17%
20%
55%
19%
46
*44
Bliss
Oct
19% Feb
34
Jan 30
17!/a Jan 13
20% Jan 13
42V2Jan 13
16- Jan lo
No par
Co
Blaw-Knox
5,400
22%
22%
123/4
62
53% Jan 13
16% Feb 7
Birmingham Electric Co
'.No par
Black & Decker Mfg Co...—No par
1,400
7
24
30% Jan 13
21% Jan 13
89% Jan 16
Blgelow-Sanford Carp inc...No par
2,500
19%
20%
43%
-
19%
20%
33
*63.:
800
16%
*34%
Feb
24% Feb
Jan 21
145
47 y4
54(4 Jan
Jan
6
Jan
7
Jan 16
Jan
8
Jan 30
99% Feb
30 y4
Oct
26'/a Feb
20% Jan 16
103
Jan 2
333/4 Jan 13
27
38.%
Get
18%
55% Jan
15% Jan 17
15 y8 Jan 23
100
preferred-
7%
1,000
-
63 '/a
63%
63%
15,900
149
35
20%
108%
98%
148:%
*16%
19 %
56%
*106%
108%
95%
17%
20
58
*106
17%
*36%
20%
20 %
*56
-
17%
3,600
3,700
63 %
63%
45%
33%
24%
149
*147
65
*63%
€5
*63%
x95%
32%
24%
96%
24%
149%
149
101
24%
32%
97%
90%
93'
*149
98 %
97%
39
33
24%
24%
106
:
100%' 100%
27%
50
106
*105%
106
*105%
27%
33%
33%
38
38%
37%
38
*105%
106
*105%
105%
147%
No par
^_1
Bell & Howell Co-—
10
4 Vt%
preferred
100
Bendix Aviation-'
:
5
Beneficial Indus Loan
No par
Cum pfd-$3.25 ser of 1946-No par
Best & Co
1
Best Foods,
:
—1
Bethlehem Steel
(Del)
No par
3,400
23%
,
IO8V2
105
9%
37
114
Nov
11
69
20% Jan 21
50
Jan 30
Belding-Heminway—
Bell Aircraft Corp
1,100
16%
99%
23%
16%
16%
16%
16%
27%
*44%
300
-
Creek
.
17%
7
7
16
Jan 13
Jan 17
21% Jan 13
52
Jan 16
21% Jan 16
17%. Jan* 16
7
16% Feb
25% Feb
60
51
_25
100
100
1
-L50
20
T
pfd
preferred
RR—1__,
Beech-Nut Packing Co_
Beech
23
27%
98%
*38
4% $
new
Beech Aircraft Corp
—
16%
100%
24%
4,700
23%
37%
148
10%
*16%
105%
97%
10%
*23
38%
24%
10%
conv
cum
Shoe
Beck
16%
106%
148 *
10%
10%
10 %
10%
Iron.Works Corp
3%%
70
17%
38
33%
110
.
16%
*23
33
108%
16%?
*105
27%
*107%
*110
<
23%
*99
110
108%
*
17%
16%
18
17%
*109%
*107%
52
16%
16%
*16%
110%
107%
40
39%
*38
40
51%
109 %
107 %
107
10%
10%
10%
900
52
52
51%
109%
51%
109%
109%
23%
24%
109 %
53
52
6?
109%
11
52
preferred
4%%
52
*50
52
19
109%
10%
25%
25'/a
Barker Brothers
24%
109%
*107
25%
800
18%
*51
51
2,600
26 V8
24
*50
22%
22%
22%
22%
51
109%
53%
19
•
18%
19
*18%
68 %
53
24%
52
*50
23%
23%
67 %
54 l/a
*50
____100
10
10
,.
50
__5
1
No par
preferred
Barber Asphalt Corp_
5%
Conv
200
533/8
Aroostook
Bangor &
1,700
68%
*67
25%
12,400
Works
Ohio
&
preferred
4%
$ per share
Year1946
Highest
Lowest
$ per
share
S per share
47%
5
29%
29%
29%
*53%
55
*53%
73/4
*53%
3%
3%
3%
7%
7%
7;%.
7%,
29%
29%
29,%
16%
16%
16% -18%.
ZWi
13%;
*63%.
V
35%
*4&%
51
23%
23%
14
64%
14%/' 14%
*55.;
*118.
*129-
129
>
*7%
'
23,%
14%,
14%
l43/8.
'
64%
64%.
14%
•/
65
*63%
: '
35%
35%
;
36
48%
•120
;
.r
49
18%
55
*5.4%
55
120,
'
18%
4i%: 41%
7%"
7%
41%;
4U
37%/
"49%-i8%:,
*48%
,
i 18
f
V
-•
v
40%-
39%
IV2
14%;
*62
"
7%
Feb
12%
Jan
40% May
Campbell W & C Fdy—
No par
Canada .Dry Ginger Ale Inc__1.66%
$4.25 "preferred 1
'—No par
Canada. Southern:. Ry COv
-100
Canadian Brew.eries IM-_—NO par
Canadian Pacific, Ry
L_25
r
*63
65%
18
147
July
May
58
Jan
25%
Dec
14%
56%
a55
122
123
;
55
C 122 "t
*54%
u.122
4* *'
*
Mills '
:
No par
Administration class A—l
$3 preferred A
,,
10
Carolina Clinch & Ohio Ry
-100
Power &
37%,
Carolina
48%.
49
50 V2<
Carpenter Steel Co
17%.
17%:- '
17%.
18
Carrier.,- Corp
40
40.
.
7%
"^
7%
.
40 %f
40%.
7%-
-
137.
7%.,
Preferred 4%
61%
—5
34
--—10
series
—
May
39% Dec
LigfctCo—-100
37
v
Apr
21 % May
59% May
-
;
37
-36%
.
Capital
48%,'
v..
73%
s
-
,
22% Feb
Cannon
66
14%
14%.
*14i.
56%
124-
36%
-
14? >
r
14%,
14%
*
56
tii
For footnotes see page
24%
14%.
121
—
TVs
4.8%
*24
14%
*14
"
7%
*48;
24%
64%-
18%
18%
48%
*23%
14
'
37
49%:
49-
*48%
'64%
122
38%
.
48%
*23%
14%
*14
14%
14%
55
119
55%
119
40%
7%
23%
49?
Apr
Apir
7%
'
131
24%'
48%
*48i%
173/a
17
131
130
129
128
128
128.%
51,
'
23%
.
48%;-49% 7-:
18%
19
;/
4o%„
128%
129%
30%
29
16%
16%.
16%
29^8
29%
30:
29 34
29.%
8%
7%
58
5%
3%
3%
3%
8
7%
3%.
a
16%
1
54%
7%
8
29%
No par
preferrod
J
50
Callahan Zinc-Lead
:
1
Calumet & Hecla Cons Copper
5
California Packing
29%
*53%
3%
16%
♦43%
28%
55,
*53%
55.%,
3%
29-
128
29%
29%
29.%
29%
55.%
*54
55
3%
3%
3%
29%
29%
29%
Jan
Jan
60
10%
_~_50
Carriers. St. GeneraldWJrp.--^-—,---.!;
$&*****??
827, *
mi
Feb
Jan
'
"
;. i
Volume 165
;ff:f r:>;:-|lif.;:.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4567
■'
'
"■
"•
819
A
•
■
-jr.
1
,
-w>;
NEW YORK STOCK
LOW
Saturday
.
Monday
AND
SALE
HIGH
PRICES
Tuesday
Wednesday
Feb. 4
•
Friday
Thursday
'
Feb; 6
Sales for
'
//'
Rang#$lnee 3anuary 1
Lowest
Highest
EXCHANGE
^
$ pet share
$ per share
36%
37
37
*151%" 152
152
61
61%
20%
61%
-
v
20%
*106%
21
*149
153
30%*
148%
31
*20%
9%
10
116
116
.95
95
11%
12
12%
32%
33
22
22
12%
12%
12%
32%
10%'
10%
20%
19%
20%
19%
19%
27%
27 %
27%
26%
27
Cerititel Hudson G & E Corp-No par
Central 111 Lt 4%% preferred—100
*115
116
95
*93
95
11%
*32%
3274
400
800
11
11%
32
32
12 %
12%
12%
33
33
32%
19%
19
193/4
.
*26%
27
*26%
100
12'
12%
12 %J
20
1274
12%
323/4
19%
32 74
1,800
3 3 74
27
No par
Foundry CcL—*.__>»•.
.1
6,600
19 7's
20
18,300
*2674
27
400
Cent NY Pr
tCent
RR
Central
jerseyr_—!
Sugar Co
Ribbori Mills.-
Century
24 '/a
24 Va
'24%
*18%
23%
24%
110%
110%
110%
18%
19'A
*24%
24%
110%
111
25
51%
x25
18
25%
25%
52%
51%
52%
*108
*24
25
52%
110
*24
25
52
52%
25 %
110'"
3,900
17%
17%
1,400
*24%
25%
500
52 7a
5334
12,800
674
5,800
10%
12%
8,700
*108
17%
17%
17%
24%
24
23%
23%
110%
17%
25
52
52%
18
19
233/4
109
52%
240
'
6%
7 J/4
7 Va
7%
12%
12%
12 '/s
12%
12%
12%
8%
9%
8%
9
8%
9%
8%
7
6%
63/4
6%
6%
12%
10%
8%
8%
8%
8%
8%
8%
18,200
83/8
7%
8%
8
8%
800
6%:
12
12
.
Cerro.de Pasco Copper™
Certain-teed
Chain
Belt
Chicago
8%
1574
15%
3,600
9%
9%
93/4
3,100
Chic
6
6
6%
10
6VB
6J/a
6%
6%
6%
63/8
13 V4
13%
13%
14%
13%
14%
13%
13%
13%
14
14%
14%
36%
37%
37 %
38%
37
33
36 %
37%
3C
37
375/8
24 J/4
24%
24 %
25
23 %
24%
24
243/8
24
2634
26%
49%
50'/j
50
50%
49
50%
49
49'%
48%
50%
51
23%
24%
23%
243/8
24'
24%
24
55
54%
543,4
*54
54%
*54
5474
543/4
*5434
55
*5474
55/
*15
*6
6
6%
V
Nov
)■
#v? 1611/2 Jan vlj
Sep
138 /
22
Oct
2
109%
/
22% Jan f
23
Sep
29'
8%
Oct
17% Apr
9
Sep
Feb
IOV'2 Jan
.
116
3
2
Feb
4
Feb
95
13 1
33
4
Jan 30
89
13% Jan
>
Dec
102% July
23% Jari I
11
24
42%
Dec
Jan
Ind
&
Louis
B
Ry Co
15% Jari
23
Jari
3
50% Jan 16
24 %
23%
24
*54 J/2
55
*54%
56
*15
15%
*15
15%
*15
153/4
15%
15 %
*16%
17%
*17%
17 %
*17%
17%
17%
17%
6 >/4
6%
6 %
6%
6%
6%
6%
6%
23%
*
.
*54%
*41%
42
*41J/8
97 %
97%
98%
29 %
29 J/4
■
*54%
55
55%
42
Jan
13
21% Nov
Jan
6
105
Jari 31
'
25%
32
25 % May
€6%
Jun
f j
17% Feb
3
47a
Oct
18%
Jan
m
12% Jan 29
9%
Oct
26%
Jan
;
-
9% Jari
»
2
15% Feb
7
5% Jan 15
8% Feb
1
6% Feb:
•
/
7% NOV
30
100
29
26%
27
27
27%
48
47%
48
473/8
47%
31%
30%
31%
31%
313/4
24%'
3,000
No par
20% Jari 16
No par
54% Jan
15%
100
1774
900
Chickasha
6
6%
3,600
41
28%
28%
*109%
115
26%
41% Jan 16
17
101 %
115
28%
*109%
.•—100'
42
*40%
28%
29%
109%
8,000
6
*109%
29%
28%
Series A preferred!.!
-.100
Chicago & Northwest'n w i__No par
31
26,000:
52%
15
17%
6
i01%
99
99%
98%
17,600
277-8
115
••
41
10474
100%
28%
28%
*109%
115
50'
20
28,500
5,700
tChilds
Chile
Cotton
5%
Oct
"11%' Oct
33%
V
7
Sep
3% Oct
4
14% July m
17V4 Jan U-;
•
Co-.—.
-
%
.
Jari-13
38% Feb
30% Sep
27% Feb
15%
Sep
52% Feb
34%
Sep'
Feb
17
Nov:
37%
Jan St
Jan
45
Dec
59%
Feb
.67%
Jan f
Jan
55
Dec
2
15% Jari
28
14
Dec
17% Jan
31
14
Oct
5% Jari
6% Jan
2
16
.•
6%
25%' Jan
25% July
6
Oct
fit
If!
141
U
.
Jan k.
Jan
6
29% Jari
109% Feb
3
108
Dec
24% Jan
13
27% Feb
5
21
Nov
43
16
48% Jan 30'
36%
Oct
58%
27%
Sep
44%
April
May ]
22
May»f
108
21%
Sep
Dec k:
30%
114 L.
,
Feb ir/
'
26J/4
26%
26 %
47 J/2
47%
47%
*30 J/2
31'/a
*31%
10
89
89%
89
89
89
18%
19
19%
19%
18%
19%
9%
9%
9 3/4
9%
9%
27%
2,000-
47%
47%
47%
5,000
31 %
89
18%
18%
*56 V8
27
47%
103/4
89
9%
89
27%
313/4
31%
31%
1,500
3,500
*27
10%
11%
89
89'
19%
19
1074
90
10%
*88%
19%
20%
9,100
1,000
58
*57
58
57
58
*58
59
58
60
*165
180
*165
180
*165
180
*165
180
*165
180
*165
96
*93
96
*94
96
*94
96
*93
96
*94
96
*114
115
114
*113
58
*71
57%
114%
114%
114%
113%
115%
72%
72%
*106 J/2
106%
106%
106%
*106%
106%
106%
106%
*101'/2
102'/4
*101%
102 %
*101%
102%
*101%
102 %
71
73
*57 J/4
59
72%
*57 %
59
-72
72
59
*57%
23 J/4
23%
23%
24%
23 3
37%
37%
38%
38%
38'%
44
44%
43%
44
.
*150
152
152
LOW
Saturday
Monday
*5'7J/8
38%
■
*37%
383/8
*37%
38%
3774
3734
700
43 3/a
2,000
44
43
;
AND
1
*152
HIGH
Tuesday
43%
154
42 Va
*152
Thursday
Wednesday
Feb. 5
$ per share
*900
1531/2
1000
_
153'%
153%
64J/2
64
64J/2
*900
47%
48V4
473/4
48V4
100 J/2
100%
*1001%
IOI1/2
47%
43
152
154
152%
64
154
154
64
*64
*900
Friday
Feb. 7
Feb. 6
$ per share
154
64%
64
157%
64
1,400
48%
47%
*101
101 J/2
101%
45J/4
45
45
45
45%
45
45%
15%
15%
15 V4
15%
15%
15%
15%
15%
44%
14%
19%
xl93/8
19%
19%20
5,500
17
*16
16%
16%
17
730
19%
19%
19 Va
19%
191/2
19%
19%
15%
16
16%
17
16%
17V4
*16%
15
„
15
15 J/4
14J/4
14%
1434
16
15%
16 "/a
32
32
32
32
31%
32
31%
313/4
*31J/4
11 J/2
*34
,
20%
15%
15%
16%
45,200
16%
16%
*15%
16%
15
15%
31 %
31%
31
30%
31
16
16%
16%*16
17
16%
'/a*
32
32
31 %
31%
313B '
31%
3074
31
11%
11%
11%
11%
11%
11%
11 %
11%
1174
35,
35
35%
36
36%
35%
36
35
35%
20%
20%
21 J/4
21%
21%
213/J,
21%
21%
213/4
21%
22%
84
83
83
49%
49
49
*82
85
48%
45%
45%
115 %
122 J/8
420
3,000
11 J/2
113
25J/2
4
31%
48%
461/a
*82
48 3%
45%
115%
25%
*112
251%
25
3%
,
4
3%
85
*82
49
49
46%
114%
45%
114
46%
453/4
114
114
7,500
45 5/a
35
49
3%
4874
103%
44%
11%
84
45%
17
48%
103
351/2
*81
25J/4
15%
48%
45
103
31 %
*48%
*113
16 J/2
47%
*102
46%
114
*82
49%
455/s
*113
2474
2574
13,100
374
3%
121 %
121%
12174
100,500
3,100
121%
32.
31%
31%
31%
13'/2
13%
133/8
14V4
14V4
14%
14
14V4
13%
13-3/4
13%
14
3,700
30
30'/s
29 %
293/4
29 %
30%
2,700
6%
30
30 'A
301/4
35J/4
34%
343/4
*34%
35%
6%
674
7
9,800
29%
2874
29
12,400
35
6%
6%
29 J%
29V3
29%
107%
107%
*107 3/s
1073/4
107%
107%
107%
1073/B
19%
19%
19%
19%
19%
19%
191/4
19'/2
19%
193/a
15
15
15
15
*15%
49%
50
50
50
49 %
6%
29%
*14 J/2
151/4
*15
15%
5134
511/4
51
511/4
50%
17%
17%
16%
16%
16
16%
16
16 %
16%
16%
27 J/2
271/2
27
27J/2
27
27
26%
27
26
26
18
18
18
18
*15
151/4
*173/4
50%
18
373/4
113%
45
45
19%
*104%
42 y8
*106%
.38%
.37%.
113%
113%
113%
113%
X44%
113%
44%
43 '/a
44%
,
114
44%
183/4
37%
193/a
183/4
19
18%
*104%
106%
*1043/4
105
1043/4
42%
43%
108
42%
*106%
43%
108
42%
*106%
19
10774
19 Va
15%
50
1,200
2,800
200
Xl6%
17
2,100
19,200
2674
27
2,300
19%
1974
2,800
37%
IO434
*106%
19
107%
35%
373/4
37%
37-74
114%
114%
114%
220
443/8
18%
105
42%
42%
108
108
447/s
18%
105
423/4
108
44%
1874
*10474
42%
108
45%
4,900
19
10,400
108
200
44%
108
19,700
200
12%
12%
12%
12%
12%
12%
12%
13
12%
12%
13
13%
52%
53
53
54%
53%
53%
53%
53%
5374
54
11%
11
11%
11%
11%
11%
12%
53%
113/4
533/4
11%
12%
39%
40
12%
12%
39%
40
60,300
39%
40%
39%
39%
39
39%
39
40%
17%
17%
17%
17%
17,300
17%
17%
*17%
17%
*16%
17
52
*50%
52
17%
15%
17%
17
51%
*50
*50
17%
52
15%
15%
54%
*54
15%
54%
543%
17
*50%
15%
*54
17%
15%
15%
55
173/4
17%
17%
1674
*50%
51%
*50%
153/8
153/s
1474
16
55
6,000
3,500
51
17
15%
55
173%
*54
55
*54
18%
3,200
17%
1,900
55
3,200
50
20%
20%
20%
20%
19%
20
20
20
19%
20%
20%
2074
59%
59%
59%
3,400
59%
59 %
59%
59%
59%
593/4
003/8
60
60%
690
30%
30%
30%
31
30%
31%
303/4
31%
*104%
105%
73%
104%
*104%
105%
105%
105%
191
190
73%
*190
7%
4%
39%
*103%
*28%
42
73
8
4%
4%
38%
*107
4%
73
72
192
*191
4%
4%
7%
4%
8
4%
39%
38%
1093/4
*105%
29%
29%
29%
*29
293/4
42 %
42%
42%
42%
x42%
42%
49%
49%;
49%
*49
50
30%
107 Va
107%
120
119%
119%
For footnotes
72
*191
8
38 3%
108
119%
73%
19iy2
7%
*105 %
30%
see
page 827,
303/4
1053/4
72
39%
*48
30%
30%
105 %
191
29%
28%
50'
30%
8%
1093/4
*103
42
*48
73%
190
8%
39%,
105
105%
-
30%
*107
120
303/i
108
120
38%
107
30 »/4
30%
*107%
107 %
120%
120%
8
4%
73%
192
8
3074
*105
7274
192
8
Jari
4
Jan
3
65% Jan
161
ff;
;11
Highest J |
130
Jan 25
f per
sharef{
200
Oct
61% Dec
11
Feb!!
69% May 1:
16% Feb
10% Oct
23%
preferred—,.—20
18% Jan
16
20
15%
24%
..-.100
12% Jan
16
17% Feb
12% Jan
16
12'/a Jan
16
Jan
3
30% Jan
14
NO par
X10% Jan
16
12
Sep
14
Jan
Co.—-—.No par
33% Jan
13
36% Jan
32% Nov
48
Apr
18
Jan
i6
22% Feb
20
Dec
36% May:4
79
Jan
13
83
Feb
78%
Dec
46% Jan
16
49% Feb
36%
Oct
cohv
Southern!.
1st" preferred.—100
2nd preferred.—100
30
2;50
cl A
No par
.
31%
4,200
105%
360
73%
4.800
192
8
50 ~
1,700
200
43
1,400
200
30%
3074
107% 107%
107%
107%
121
9,700
90
440
13
Jan
50% Aug!'
19
59% Jun
123
July//
32% May*
Nov
2% Jan
2
Jan
6%
111
123% Jari 29
132
Sep
29% Sep
Feb51
Sep.
30% Feb
24'/a Nov
40%
May/
35% Feb
33
55% May'.
10% Feb*
.No par
—5
5% Jan
26% Jan
15
X1C6% Jan
2
Jan
3
-No par
19
Aircraft
Vultee
$4.50
1
x37 % Feb
5
5Vs
Jan
20% Jan
10
Jan
30
2
42% Jan
17% Feb
1
14% Nov
Jan
6
16%
Sep
47
Jan'
19% Feb
7
17
Nov
32
AUgv*
15
54% Jan30
38% Feb
13
xlll
46 % Jan
19% Feb
37% Jan
3
106 % Jari
13
105
101
12% Feb
41
53%
18% Feb'
63
Jan';
10
Oct
24
Jan
Oct
49% May
15
18% Feb
Nov
X23% May
30% Feb
NOV
13% Nov
14% Jari 15
18 Va Jari
48% Jari
13
50
Jan
30
46%
Dec
13% Jari 15
16
Feb
7
12%
Oct*'
55
Feb
5
50
Oct,
7
Jan
17
Jan
3
20% Feb
55% Jan
2
61
27% Jari 14
103
Jan
3
Jain
18
185% Jan
2
69
'——100;
7% Jari 17
——J
4
Internat Corp.—-«-*-*
Jan
14
6
75% Jan
7
Feb
7
8% Jan
52
7
30
105% Feb
9
4
192
4% Jan
Sep
101%
Dec
58% May
xl85%
:
7
Jan
3
101
67% Jari ;
9
28
42%
Feb* 4.
51
Jan
49%
/
Sep
Jan
16
47% Jari
8
28% Jan
105% Jan
119% Jan
1616
16
33% Jan
108
128
Jan
Jan
.
32
7
Oct
$1
47
Dec
8
25
Oct
18
8
>
>
i
Apr1 i Jari' /
210 V* Mar
Nov
Jan
.
■•,
109% Aug.;
k 75% Dec '
7%
Jan
;
k 39% May
14%
30
/:
27% Jan '
/
Dec
28% Jan 18
Jan*
Apr
7% Nov
40
37
,
4Vs Oct.
31
Oct
105
Jail
■
23% Feb
60
25% Oct
2
104
,
156
1
Xl2% NOV
1
Jan
31 % Jan
35% Jan 16
common
Jun'!
113% Mar";
33%
46 %
Jan
54
.
July
Jari*
8% Nov'
54% Feb
Apr
22
103% Nov
,9% Jari 13
13
54%
109 Va
33% Sep
Jan
48% Jari 17
Jari
115% Mark
Sep
44% Feb
108
13% Feb
15
Dec
35% Sep
12% Feb
Feb
9% Jari 13
35% Jan 21
Feb5
109% Jan
25% July'
23% Apr' /
60
May-';
33% Jan5
114% Feb
Jan 16
36'
105% Sep
17% Sep
13% Nov
13
104
Oct
24% Oct
30
13
15 % Jan
36% Jun5
Oct
Jan
41% Jan
Baking Co
.—No par
16
7
2
29% Feb
108
111% dan
pfd—.No pat
.'--tr—-NOpa¥
23
16% Jan 28
America—..!-20i
.
Jan
22% Jan
100
1
Zellerbabh
49
14% Jan 17
No par
Power Co.-
13
13% Jan 15
-
preferred—
—-.100;
Cream of Wheat Corp (The) ——2
Crown Cork 85 Seal.
.No par
$2 preferred
JsJL»
--No-par,
-•$4
3
25% Jan 31
f
M
Apr?;
106%
36 Va Oct
103% Dec
6
115% Feb
3
Jan-.;
25% Jan 13
30% Jan 21
-No par
Grocers
preferred*
2nd preferred
46% Jan
16
47
18%
'•F/eferred
Coty Inc
$4.20
16
Jan
Jan
4
27% Nov
12% Nov
Corning Glass Works common.™5
37z7o preferred!
—100
Corn Products Refining
.—25
-
'
8%
3% Jan
Corriell-Dubller Electric Corp——.1
Corn Exch Bank Trust Co——20
Crown
10
Jan
22
3%%
30
49%
3174
32% Jan
42% Jan
-No par
$5.50 preferred-.-—-'
-No par
Continental Can Inc.—
—.—20
$3:75 preferred—
-NO par
Continental Diamond Fibre—.—5
Continental Insurance
-..—10
Continental' Motors——1
Continental Oil of Del.
——5
Continental Steel Corp
-—14
Cooper-Bessemer
Corp
.No par
$3 prior preferred—
No par
Copperweld Steel Co.
——5
Conv pref 57c
series
.-.—50
Co
Jank
14% Jari
pfd
Consol Retail Stores Inc
Coty
Jan//;
47
Oct
13
RR of Cuba 6%
Continental
fiili'i
38
28
12% Jan
Inc.
Container Corp of
Jan
Sep
12% Oct
39
16% Feb
32% Jan 21
33% Jan
Nopat
Corp—1.33%
Consol
Laundries
Corp——...—5
Consolidated' Natural Gas——15
Consumers
i/f
16
Cigar—...
Consumers Pow
Jan
13
Corp
N Y
preferred———
Consolidated
iff
Jan
-FebM
>
30% Jan
Edison of
Consol
13
Feb
41
116% Jan
Consul Coppermine®
$6
Consolidated
Oct
12% Nov
Aug!;
Jun f
-No par
Co—...—25
Conde Nast Pub Inc
Congoleum-Nalrn
60% July k
110;
No par
$6 preferred series!
Commonwealth Edison
Consolidated
17
Feb
111
Commonwealth & Southern—No par
Consol
42% Feti
16
...100
-No par
Crane
120%
Jun}
May
Year 1946
Lowest
$ per share
$ per share
47% Jan 28
—.—10
3,100
121
60%
165
12% Jan
Credit—.—
7,200
*120%
Jan
No par
preferred—
Commercial Solvents—
474
30%
Nov
152%
63%
$3.60
39%
49%
39 Va
7
B——...——.2.50
Class
10874
*42%
28
Feb
Oct
Columbia Gas & Elec..
4%
*29%
Jan
Dec
non-cum
3874
*105%
42
46
154
I
36%
37
non-cum
4%
50
Sep
11
May I
Feb
x99
47o
39%
297/0
24%
3
July
44%
»
j*
62
Dec
45% Feb
47c
.
1083/a
42
38% Feb
19%
Apr
56
Jan
103% Feb
Columbia Br'd Sys Inc
38%
*49%
Feb~~3
5]
106
16
.
*1053/8
*29%
24%
Jan;'
24
57<r cum
Colorado &
2,400
114%
114
44%
18%
42%
108
x37%
19
18%
19%
106
38'
18
500
35
6%
29'/a
6%
18,100
35
6%
29J/4
107 3/4
x29
32
6%
28%
6%
28%
107%
108% Mar
Jan
Commercial
100
3%
30
27
$ per share
63
3,600
24%
35'%
Jan
144
4674
114
122
.
33% Jfan ^ 17
: 40 % Jan 16
$4.25 cum pfd
w w
^No par
Columbus & Southern Ohio Elec—10
100
311/z
30
-77!'May
Jun
56% Feb
13
Range Since January t!"
Lowest
Highest
1,300
121 J/2
34%
113%
Sep
99% Jan
,
Jan
147
Jan
Sep
52
,
Range for Previous
49%
84'
122%
31%
34%
22
19
No par
Pictures com
31J/2
29%
109*
ij
Feb't'■
f1
Jan
v.
Jan
Columbia
3%
31%
101
108
40
2,300
24%
32
14.
ji
•
205-■
Jan
100
4,100
3'/8
313/4
100 % Jan
No par
.No par
Aikman—
&
Carbon
25%
121
Sep i :
Sep
106
3
11
No par
...
Columbia
33/4
32
44%
38% May
.71 % Jan
105
4
72% Feb
108% Jan
No par
(The)
Colo Fuel & Iron Corp.
1,300
45,700
24%
121
Co
A
115% Feb
3
lo
Jan. 16
62
100
Colgate-Palmolive-Peet
$3.50 preferred:.—;
Collins
990
3 7/8
121
Class
Jan
106% Jan
Par
1,050
3,600
25%
122
7
-
108% Mark
15% Nov
28
>
f
Coca-Cola International Corp No par
45
102
Feb
Jari
EXCHANGE
Coca-Cola
Dec
60
STOCKS
NEW YORK STOCK
270
38% July
•
Oct
88%
95
111
No par
Co_„
&
Shares
*900
*900
48%
154
9%
2
-7
••
178%
stock—
Preferred
Sales for
7
Jan
20% Feb
3
_
Cluett*
the Week
$ per share
11% Feb
90
Jari 16
47% Jan
Nd par
i_-.l
Peabody
16
6
Ry Co
Climax Molybdenum!./Clinton Industries Inc
30
Jari
94% Jan 28
Nd pat
;.100
Z.100
No par
Clev- Graph Bronze CO (The)...—I
57c
preferred
100
Clev & Pitts RR Co 7 % gtd
50
SALE PRICES
Feb. 1
64
43%
154
-
32
28
Jan
15 Va
—5
5%
Special gtd 4%
16,600
9% Jari
84
—100
l
Jan
30% Jari 13
1 preferred—...—
Clev El Ilium $4.50 pfd-i
59
24%
$ per share
153
*57'/a
50
23 34
Feb. 8
641%
102
23%
$ per share
153
*101
59"
23 %
Feb. 1
6 4 J/2
140
24%
S per share
153
1,500
23%
154
*152
90
7274
106%
24%
4
*43%
152
114%
72%
*106%
101
xlOl
59
*58
preferred
Stores—L.
Clark 'Equipmeht—/—.
.
713/4
*113
5% %
City'
CCCfc St Louis
106%
114%
71
106%
Milling
Machine Co..10
C I T Financial' Cofp!
No par
City Ice & Fuel—.—
.No par
City Investing Co.—
!_——5
170
180
*93
Cincinnati
i?;
Jan
53
May
15
Sep
75%
7
Dec
36
11
42
27% Jari 27
—100
r.
Jan
Jan
104% Feb
10
86
8.50
common
25
40 Va Jan
_._5
?;f.
76%
Jari
9
,__25
—
43%
55
14
<,
-U.
82%' Jan i'k
Jan y':
v
26
r,
Jari
14
;
t{:
Jan k
38%
9
15% Jari
54% Jail
par
Vl
Feb
35% July
11% July
?
Sep
>No par
Corn—
Preferred
11%
—-..10
.
Oinn Gas & Elec
14% Feb
13
55
Copper C6__.__
Chrysler
100
No
V
17% Jari 13
:Nd par
Oil-
if1
.'Vi
17%'Mar
10% Jan
.38%
it
48% Oct
16
Jan
|i
2
16
11
Jan
Apr
v
*
4
13
No pan
!
Oct
114
Oct
*..i
Jan
8
;
;:
/ Jan
43
Nov
Sep
12%
'
\
v!;
54% Jan
6% Jari
ChiC Milw St PltP vtc!
100
May
■
>}
25% Feb
'
..
12% Jan
•
49,700
preferred W i—.
Chicago Pneumait Tool/
$3 conv preferred
Pr'- pf ($2.50)' cum div
Chicago Yellow Cab——
15%
17%
42
*40%
42
*41%
98%
*54
55
55
109%
110
*109 J/2
54 %
Feb
51% Jan
25% July
Sep
14% Jan
110% Jan 23
5Va Jan- 13
8
23%
119
I-A
i
10% Jan' 13
No par
—!
i-i-.
13
31%
26
//
108% Jan? 15
Al-25
cl
14
6
21% Jan
2
28% Jan/ 7
Jail 13
.j!
8% Sep
26% Nov
-
2
34% Jari
17% Jan 13
]'
Jari m
116 /Z
'
,
:!! i
Jan'it'
f July
i
13% Jan
110% Jun
12% Jari 31
Janf 13
23
.
38 % Jun ';
Sep
20
-
26
—
Class
900
■
Jan
20
21
31% Jan 23
,
f;
8lVa May
23% Sep
If;
18% Nov
104%
6
Jart
183
: 7
-11% Jari 17 *
Chesapeake Corp of Va—...i—Sk
Chesapeake & Ohio :Ry!
*.—25.
Chid &' East 111 RR Cd—!
No piir
Class A—
-.40
153/8
15%
10
Jan
8% Jan
29
Champion Pap & Fib Co new No par
$4.50
preferred-*—No par
Checker
Catr Mfg..._!
1.25
8%
8%
15
10%
9%
.90
.
1
15%
*8
15%
10
15
14
54 V4
6
jf
Jun i t j
Jan
!'
55
Nor
,.* 22 > Jan 24
;
14 % Jan
2
:
2
25
———No par
*9%
8 %
15 %
Jan'
9% Jan
Napar
Products—
Co..
10
8%
15%
10'/2
150
31% Nov
153
7
2l%Jaii
108% Jan
31% Jatt
112% Jan
No par
15%
8%
15
•
-
36
Corp (The)
.1;
Chicago Great' West RR Co
50:5%> preferred.
<__w-.50'
10%
7
.
11% Jsin
,
100'
-LL.
7
,?!
Highest
$ per share
'
'
*110Vs
21
.
Corp pfd 3,40% ser.100
of; New
Violeta
38% Feb
158% Jan
63% Feb
3
7
Lowest
$ per share
■
26% Jan 16
20% Jan 14
-5# preferred-——!.—'
2,300
93/4
106% Janf
143% Jan
Year 1946
t per share
t17%Jdft'lT
•
Central. Aguirre Assoc—.
Central
share
,
Ndpaf
7,000
t per
34
Jaft 16
152
Feb
3
57% Jsin 13
..lOO1
3,200
117
11%
.!
25-
—
'
13%
93/4
i
Celolfexr
300
*93
33
33
.
10,100 V
*115
'
32 %
12%
•'
Co—i—i
Caterpillar Tractor______
No par
Corp of Ambr new-No par $4;75 1st preferred——
NO par,
7% 2nd preferred—
1.1001
,
32%
11%
*32
•
230 '
96
*94
32%
13
19%
22
12%
I)
Celariese
300
117
*115
12
*32
10%
9%
9%
33 J/4
*27
21%
21%12%
Z
..
(J
Pf'e'ferred ..-£L
21,700
149
12%
21%
12%
96
149
1
.
Case
2,900
•
21 1
13%
116
107%
313/4
21%
10
' 20%
3074
*21%
*94
20
*106%
154
21
*20%
*114
30
63
1
63%
*152
21
30 %
20%
13
6,400
30%
31%
12
32 %
151:
'
20%
32 J/2
*12%
*149
30%
13%
95%
149
21
21%
10 J/8
107%
v..
Shares
38%
20%
*1063/8
20%
31%
13%
116
19%
107%1
*20%
21%
12
148
31
31%
13%
*31%
147
147
37
63
62%
63%
20
107
154-
-
$ per share
37%
154
154
63%
20%
107%
37%
21
*20%
21'/2
*93%
63%
19%
$ per share
37%
*152
*1063/4
149
13%
10
152
62
62
21 ;
21%
*114
37%
37%
152
107%
31
21
$ per share
37
152
107%
*106
$ per share
37%
11
Range for Previous
NEW YORK- STOCK
the Week
Feb. 7
"
"
Hi
STOCKS
Feb. 5
Feb. 3'
Feb. 1
RECORD
Jun
IIOV2 Aug/
35% Jan
/
62
;
/ 54%
/
Jan '■
Feb
40%. Apr
:
103
Sep
116% Ft'iJV..
110
Sep
150 /
■71
Apr /
II
--^.....j,,,^,.,,,.,.,..,,........^^"!!^
mm
■
■;
.
-
fk'MM
FINANCIAL CHRONICLE
&
THE COMMERCIAL
Monday, February 10, 1947
NEW YORK STOCK RECORD
QTfiriTff
SALE PRICES
Wednesday
LOW AND HIGH
Saturday
Monday
Tuesday
Feb. I
Feb. 3
Feb. 4
$ per
$ per
share
33%
34%
33%
96
30%
30%
185
*165
185
185
*165
33%
95
95
30%
29
29
19%
20%
20
20%
19%
19%
19%
*165
33%
96
*29
*165
43%
44%
19%
*165
44
43
43%
43%
.43%
43%
*96%
99%
*96%
99%
99
99
19
*18%
19
19
19%
19%
19%
56
55
56
18%
*53
11%
12%
11%
11%
10%
56
*52
56
*52
*123
125
125
131
68
68
68
29%
*28%
29
*68
6
19%
19%
*129
43%
983/«
98%
19%
*10%
69
6%
19%
6%
19%
19%
3,600
443/4
200
100
*97%
1,200
19%
,19%
57
29
•
Crucible Steel of Amer
200
12
5%
preferred
preferred
Cuban-American Sugar
7% preferred
Cudahy Packing Co
4 % % preferred
10
100
,30
100
Cunningham Drug Stores Inc—2.50
Curtis Pub Co
170
$7 preferred
69
300
Prior
28,300
6%
No par
No par
1
preferred
Curtiss-Wright
Cushman's Sons Inc 7%
135
29
28%
28%
28%
28%
28%
29%
2,900
29
29%
293/a
29%
29%
29%
94%
pfd
Cutter-Hammer Inc
IOO
No par
Dana Corp
1,700
10
96
Jan
13
29
Oct
17%
2
21 % Jan
Dec
22
6
Highest
$ per share
Dec
88%
7
29
34% Jan
Oct
54% Feb
115% July
46% Jan
28%
Jan
165
'
Jan
7
Jan
7
160
Jan
165
Jan
40
Jan
13
453/4 Jan
6
35
Oct
66
Jun
6
95
Oct
106
Mar
98% Feb
165
100% Jan
10
19% Feb
7
52
56
Jan
16
24% July
Sep
82% May
10
Nov
Feb
103
Oct
146%
Feb
60
Sep
76%
5%
Oct
12%
Apr
Feb
17%
Oct
Feb
135
60% Jan 14
5% Jan
Nov
69% Jan
8% Jan 13
113% Jan
16%
45
12% Feb
15
17
6% Feb
19
Class A
5,100
19%
19%
No par
(The)
Jan
$ per share
17% Jan 13
5
Inc
34% Feb
16
273/4 Jan 16
18
Lowest
$ per share
15
28% Jan
89% Jan
100
100
54,200
6
$ per share
No par
Cuba RR 6%
Cuneo Press
Year 194G
Range Since January 1
Lowest
Highest
Par
133
*129
135
*129
135
5,200
185
*68
69
5%
193/4
19%
-130
133
*68
50
433/4
Range for Previous
STOCK
EXCHANGE
800
30%
11%
12
11%
*130
133%
6,500
95%
*54
57
*53
34%
29%
29
23
29%
30
68%
135
*129
29%
30%
.
135
*129
10%
19%
19%
19%
135
6
6%
8
6%
5%
19%
*129
131%
6%
68%
99
12%
12
12%
135
133
68
*97%
33%
*165
185
YORK
Shares
$ per share
*29
19%
19
185
43%
•"
the Week
95%
33%
95%
96
31
33%
31
share
33%
34%
96
-30
95%
*30
$ per
NEW
Sales for
Feb. 6
Sper share
share
*94
33%
*92%
S per
share
Feb. 5
Friday
Feb. 7
Thursday
Jan
16
19% Jan
27
Jan
16
30% Feb
34% Feb
Oct
128
25%
1
Jan
26
145
Dec
45
July
D
94%
94%
*93%
94%
*93%
94%
*93%
94%
*17%
18%
18%
18%
18%
18%
17%
17%
18%
18%
*17%
18%
34%
34%
34%
34%
'
94%
*93%
18
..18.
18%
'
18%
34%
34%
115
*113
21%
20%
20%
20%
115
*113
115
*113
20%
*17%
34%
20%
21
18%
21%
223/4
3,400
18%
183A
19
19%
38%
18%
19%
18%
18%
37%
38%
38%
38%
39
35%
35%
35%
35%
38%
35%
43%
44
43%
44
35%
42%
35%
43
10%
10
66
67
44%
44%
48%
*46%
20%
20%
21%
22
21
31%
45%
200
22%
23%
3,800
163/4
17%
22,500
*31%
323/4
1,000
17
16%
17%
16%
16%
16%
17%
34
34
33%
34
33%
33
53
52%
32
53
53
52%
32%
32%
*31%
35%
Devoe &
52 3/4
52%
32%
323/a
323/8
36
%
35%
54
6%
22% Dec
35
Jan
16
39% Feb
7
31%
Dec
58%
6% Jan
54
800
32%
9,200
Ltd
50%
Apr
Sep
50
Aug
16%
Oct
34% Jan
11
18% Jan
143/4
Nov
30
Jan
13
33
Jan
28%
Nov
52
49% Jan
8
34
Feb
48%
Sep
623/4
Jan
8
54
Feb
25%
Nov
48
32% Feb
x23%
Sep
37% May
30
30
29% Jan
16
35%
193/4
19%
19%
5,100
Dome Mines Ltd
No par
16% Jan
3
74%
75
2,900
Douglas Aircraft
No par
69
Jan
16
174%
174%
171%
175%
172
1,900
Dow
112
112
97%
97%
*112%
113%
*112%
*97%
99%
113%
*112%
21%
21
21%
21
*97%
17%
18
18%
18%
18%
18%
18
18
*28%
31
30%
30%
31%
32%
32%
33%
187V*
189
189%
190
189%
190%
*125%
127
126%
126%
*125%
115%
*114
*114
115%
*17
17%
17
18
Dresser
200
33/4%
1903/4
1263A
1263A
17%
700
17%
Dunhill
International
5,300
Du
1263/4
300
Duquesne Light 5%
115%
17%
17%
1,700
P de
Nemours
LOW AND HIGH SALE PRICES
Tuesday
Wednesday
Thursday
Friday
Feb. 1
Feb. 5
Feb. 6
Feb. 7
the Week
$ per share
$ per share
NEW
Sales for
Feb. 3
$ per
21%
21%
20%
20%
20%
share
21%
21%
S
21%
19%
19%
19%
19%
19%
19%
18%
50%
49%
50
49
49%
*48%
per
share
21%
21%
19%
50
49%
Nov
Feb
225
227
228
228
*192
194
194
194
195
195
229
229%
$ per share
21%
18%
18%
47%
8,300
16,200
19%
48%
47%
55%
25
55
„
X54%
54%
55
*193
54%
55
229
197
*24%
25
25
25
25
25
105%
107
108
109
108
108
25%
25%
25%
*110%
112%
*110%
112%
*103%
*25
*110%
25
25%
112%
*110%
*
7%
7
(EI)
—
30
22% Jan
30
153/8
Oct
13
973/4 Jan
30
91
Oct
16% Jan 16
28% Jan 23
18% Jan
27
15
Oct
6
25
Nov
161
Oct
227
Jun
7
124
Dec
133
July
100
113
Jan
14
115% Feb
5
112 %
Oct
116%
0
16
Jan
6
173/4 Jan
23
13%
Sep
$ per
19
Sep
2
16 %
Nov
30
30%
Jan
61
230% Feb
7
200%
Oct
263
Apr
195
6
190
Nov
209
Aug
7
39
Oct
71
233A
Dec
29
3
*150
*
1,800
9,000
16%
15%
16%
38%
38%
39
,
3%
18
150%
16
153/4
3%
3%
3%
3%
3%
18%
17%
18%
17%
18%
18%
164
166
150%
150
150
50
50
49%
54%
54%
54%
33/4
4,600
19
37,000
152
152
152
800
50
50
50
50
I,500
Electric
543/4
54%
55
1,600
El
13%
13%
14%
13%
13%
13%
13%
14%
143/a
20%
21%
21
21%
21%
21%
21
213/4
21%
21%
19%
19%
19%
19%
19%
19
19
700
15
20%
m
78
*104%
31%
32%
32%
103%
76
*75
106
104
106%
62%
f .23%
106%
105
105
160
107%
107%
107%
1073/4
1073/4
1073/4
106%
107%
440
110%
109
109
108 %
109
*109
110%
2%
2%
2%
12%
31%
*109
2%
12%
12%
66%
66
65
50
105
12%
94
*104%
400
105
110%
*90%
■:# .12%
H *22%
106%
*104%
1,200
105
110%
i
75
105
110%
;
193/a
74%
105%
*108%
3
193/a
31%
108
12%
*72%
105%
107%
*2%
75%
106%
4,200
32%
107%
;:v n%
*73%
*104%
32
19
75%
18%
75%
106%
13,200
105%
*105
if 107%
v, «■
75
*104%
67
*90%
94
66
*90%
2%
12
65%
94
*91%
31%
31%
315/a
23/4
23/4
2%
12%
65%
11%
12%
*65%
94
*91%"
323/a
313/4
19,600
$7 preferred
$6
66%
94
16%
50%
Oct
80%
13
7 3/4 Feb
16
65% Feb
7
Feb
1
13% Jan 13
37
Jan
2
16 3/a Feb
5
12 3/4
Dec
353/4
Apr
j
39% Jan
10
34 3/8
Oct
48 3/4
Jan
'
3% Jan
14
3% Dec
13% Oct
7%
Jan
No par
Jari
6
143/4 Jan
13
19
Jan
3
166
Jan
30
138
153
Feb
7
180% May
143
Jan
4
47
Jan
3
51
Jan
21
Jan
11
128
Sep
Sep
50 % Feb
153
,
29% May
1
40
Oct
56%
Jun
Feb
4
44%
Sep
613A
Jun
Nov
30%
Feb
55
167
July
15
Feb
7
213/4 Feb
6
17%
Dec
43% Mar
Empire District Elec Co
8
17
Nov
21%
Endicott Johnson Corp
50
66% Jan
4% preferred
Engineers Public Service
$5 preferred
RR
5%
1
12
Office
Bldg
common
pref series A
100
75 % Jan
30
63
Oct
102'/4 May
8
106% Jan
27
104
Sep
111
Jan
30
Jan
13
103 % Jan
30
108
Erie
Pitts
&
RR
Co
1063/4 Feb
7
Jan
28
12%
13%
123/4,
12%
123/4
13%
6,000
23%
23%
24%
24-
24
24
24%
2,600
24%
24%
25%
24%
25%
24
24%
23%
24
24
243/g
II,300
41%
41%
41%
40%
40%
40
40%
40%
41 %
1,800
Ex-Cell-O
Corp
8%
*7%
8%
*8%
8%
8%
300
Exchange
Buffet
58,
58%
57%
Fairbanks
Morse & Co
31%
8%
31
58%
31%
8%
X57%
30V2
8%
Eureka Williams Corp
Evans Products Co
5
Jan
9
Oct
41%
11
100%
Sep
106%
Jan
2
102
Sep
110
111% Mar
53A Jan
33
110
21
110% Jan
2
104%
Dec
2% Jan
2
3% Jan
6
2%
Jun
13
12% Feb
3
3
9%
Oct
23%
Jan
48
Oct
93
Jan
90
Oct
95
10
Oct
22%
Jan
15% Oct
333/4
Apr
Nov
58 3A
Apr
Oct
63%
Jan
Oct
11%
Jun
54
Jan
Feb
67
3
103/a
Jan~13
13% Feb
24 %
11
Feb
—1
223/a Jan
16
25"% Jan
21%
.—3
Corp
Apr
Jan
Mar
10 % Jan
19% Jan
Eversharp Inc
Jan
1053/8 Jan
50
23%
Oct
2
104
No par
No par
No par
No par
19% Jan
18% Jan 24
No par
preferred
lEquitable
4
100
com
$5% preferred
23
*8
Feb
Jan
6% Jan
15
23
8%
Dec
53% Jan
'
8%
27%
114
14
23
*7%
NOV
3
12%
*41
NOV
6%
3 %
Gas
12%
8%
106%
Oct
Feb
Aug
7
No par
No par
12%
42%
17%
27
No par
Battery
12%
8%
2
111% Jan
3
12%
4 -42%
26% Jan
11
112
Jan
2,900
*65%
16
Jan
Oct
173/4 Jan
$6
*91%
24% Jan
110
101
&
10
Erie
67
7
109
Jun
40 3/a May
15
Jan
1
_5
—
Natural
4
Jan
No par
Storage
7
Feb
22
104
5
Emerson Electric Mfg Co
Emerson Radio & Phonograph
210
94
25% Feb
31% May
113/4
10,600
32,400
3%
55% Feb
30% May
1
100
preferred
Paso
12%
2%
12
14
Jan
2
100
Elec & Mus Ind Am shares
Electric Power & Light
152
20%
.
48 3/4 Jan
com
preferred
50
*18%
*75
Conv
149
14%
W-:' 106
'
164%
*54
7
Electric Boat common/
164%
14
?
>
700
164
54%
Jan
Elastic Stop Nut Co
Electric Auto-Lite (The)
164
54%
190
preferred
149
55
100
4
51
13
Ekco Products Co
165
*49%
Jan
preferred
165
49%
55
11,100
38'%
*38
3%
50%
*54
73/4
65%
38
168
*164
153
50
7%
15%
4%%
4%%
633/4
38
18%
3,500
7%
14%
17%
25%
64%
38
18%
112%
7%
14%
3%
*110%
633/4
14%
3%
Edison Bros Stroes Inc
215
Highest
$ per share
Jan
16
17% Jan
39% Jan
No par
Co—
share
21% Jan
22% Jan
19% Jan
1
Corp
$ per
$ per share
share
5
-10
Steel
1,700
90
Feb
May
Year 1946
Lowest
Highest
Lowest
2,100
108
21
Bange for Previous
Range Since January 1
STOCK
25%
25
58 3A May
7
Jan
Co
Eastern Airlines. Inc
Kodak
Apr
41% May
193% Feb
Eagle-Picher
Eastman
Jun
33% Jan
127
Par
Stainless
118
116
13
180
EXCHANGE
Eastern
Feb
293A
108% Mar
Jun
192
13
—
YORK
Jun
Jan
6% cum preferred
Eaton Manufacturing Co
73/8
64
3%
360
64%
7%
3%
Feb
34
Apr
Mar
1243/4 Jan
1st pfd
55%
25%
112%
38%
14%
*38
168
25
*110
64%
14%
*164
25%
112%
7%
38%
197
*107
63%
14%
18
25%
108
7%
*37%
'
7%
24%
*107
230 %
55%
63%
'7%
63
63%
62%
55
543/4
230
*193
197
*193
55
105%
25%
*24
-
2293/4
2,100
2,200
Dec
112% Jan
16
July
No par
& Co
20
No par
Shares
21%
18%
48%
229%
111 %
10
94% Jan
'
225
Feb
STOCKS
Monday
Feb. 1
share
143%
36 %
76
111% Jan
18% Jan
1
DWG Cigar Corp
115%
40
Saturday
$ per
preferred
$4.50 preferred
Dec
63%
181 % Jan
100
No par
Industries
conv
16%
Jan
163% Jan 20
50o
preferred series A
193%
191
*126%
17%
17%
common—No par
Duplan Corp
115%
*115
$4
Co
1,100
34
*33
190
115%
10,400
100
17%
34
33%
127
17%
100
21%
20%
*973/4
*17
115%
17
113%
-112%
21
100
191
190
*125%
115%
*114
17%
*16%
127
113%
203/4
*973A
100
Corp
7
143/4 Jan
No par
5
Pepper Co
23% Feb
2
No par
75
21%
Feb
42
353/4
99%
Aug
25
74
113%
24
Jan
19%
21
Oct
50
19%
*97%
15%
2
72%
*112
2
2
19%
21%
Dec
Jan
22
Apr
Jan
72%
21%
19%
18
.No par
Chemical
Dec
43% Jan
19%
1743/4
16%
2
72%
173
77
6
39% May
19%
173 3A
23
Oct
20% Feb
Oct
71
175
Oct
60
Sep
19%
175
23
34%
72
174%
3
13
23%
19%
174
Oct
3
Jan
27% Feb
60
3
71%
36%
6 3/a
50% Jan
16'A Jan
17
19%
35%
42% July
Sep
Jan
72%
35%
Oct
25%
31% Feb
19%
35
333/4
7
47
72%
35
6
10% Feb
3
25% Jan 13
36.
-35
Jun
Jan
44% Feb
36
10
new
Co common
A
Doehler-Jarvis
Apr
423/4 Jan
T Motor Car Co
Distil Corp-Seagr's
Dr.
Jan
27% Jan 14
partic preferred
Class
36% July
113
25
Match
Dixie Cup
Sep
No par
Raynolds class A—12.50
Diamond
160
32%
Corp
Co
Diamond
443/4
33%
Steel
800
22%
16%
32%
Nov
9
1,400
31%
*31
48%
33
*52%
17
23
22
16%
32%
7
19"% Jan
*46
33%
52%
19% Feb
1
44%
16%
32
13
__5
43%
33%
52%
Jan
De Vilbiss
*46
48%
17
1,000
443A
22
34%
1,500
49
22
Nov
20%
44%
22%
16%
3
31%
443A
7
17% Jan
31%
*30
22 3/4 Feb
Detroit
*43%
31%
18% Jan 16
13
50
31% May
Jun
34% Jan
.20
May
110%
34 % Jan
Lack & Western
34
6
100
Detroit Edison
16% Nov
28
July
29
98 %- Nov
13
,.20
Delaware
Sep
NoV
17
35% Jan
Preferred
& Hudson
18
91% Dec
-
113% Jan
No par
Delaware
28
4
20
44%
31%
16
Jan
13
31%
31%
30
30% Jan 10
323/4 Jan 13
Jan
20%
31%
18% Jan
16% Jan
113
60
20 3A
31%
7
Detroit Hillsdale & S W RR Co—100
20%
20
20
20%
*46%
27
19% Jan
68
20%
20
20%
48%
93/4
26%
new
943/4 Jan
Jan
*63
68
20
19%
20%
44%
33,600
17,500
9%
26%
*63
68
20
19%
20%
44%
10 %
9%
26%
10
Inc
Co
3
3
16% Jan 13
Deere & Co
5,600
27
*63
Decca Records
1,500
44%
20%
20
20%
*47
36
43
*20%
20
44%
35%
43
20
20%
■
9%
27
27%
*61
36
41%
Rubber Mfg
preferred
Dayton
4%%
13,500
*35%
43
26%
10%
27
*62
10%
27
10%
27%
65
X38%
(The)—7
50c
100
50b
Dayton Power & Light Co.
3,000
38 3/4
19%
39%
19%
9%
50
213/4
37%
27%
4,500
343/4
113
26% Jan
93
1
100
pfd 33/4 % series A
Davega Stores Corp N Y
5
Davison Chemical Corp (The)—1
3,800
18%" 18%
34%
113
21%
19%
*61
400
18
17%,
21
37%
41%
34%
115
*113
*18%
*35
18%
18%
34 J/2
34%
115
*113
*93%
Cum
37% Jan
14
42% Jan
343A
2.50
7% Jan
17
Jan
16
7
8% Feb
Jan
'
JA
58
■
*
;
'3D
58%
„
31%
•
8%
8%
■
*23
23%
*23
108
*106%
*40%
49*
23%
108
108
41%
*49
''
13%
Wry
13%
23%
25
24%
58%
58%
106
*105%
*53%
♦20%
35%
*106%
*38%
17
*21%
.
-
28%
107%
42%
52%
*42
49%
50
51
13%
13%
14
13%
24%
25
24
105
*104
25
25%
25%
58%
57%
58%
58%
58%
106
106
*24%
58
58%
58%
106
23
*41%
52%
52
13%
133/4
24%
105
24%
13%
25%
104%
105
25
24%
25
58
57
57
-
58%
-
;
106%
106%
*54%
30
200
52%
52%
1,900
143/B
5,000
233/a
243/4
9,500
1043/4
1043/4
80
13%
24%
563/4
583/4
58
106
800
43
1,300
5,400
60
58%
106%
900
25%
*57
106 %
106%
700
$6
4%%
preferred
Ferro Enamel Corp
Firestone
4%%
56
56
56
56%
56
56%
57%
800
First
20%
20%
20
20%
20
20%
3.000
Firth
35
36
34%
36%
343/a
35
20%
34%
205/a
36%
363/s
10,100
106%
106%
*106%
107%
50
39%
*38%
17
17%
22%
22%
'; 17%
17%
*22%
17
*38%
17%
16%
23
22%
.
18%
13%
13%
91%
91
*173/4
13%
91%
91
1.28%
29%
>26%
2?%
26%«
?5%
49%
50
48%
18
17%
\
For footnotes
18
35
35%
35%
100%100%,
see
page 827
28%
49%
*17%
34
28%
26%
25%
50
18
35%
100% 100%
40
40
40
17
17
16%
17
4,300
22%
*22%
223%
22%
23
400
17%
17%
49
>17%
34%
101.;
'
17%
19%
National
(The)
Co
Stores
Stove
Foster-Wheeler Corp
6% prior preferred
18
17%
35
34%
34'/a
101
#W0
101..
17%
345/a
♦100%.
26% Jan
4
3
58% Feb
Jan
543/a Jan
53
Jan
Feb
107 % Jan
Jan
6
60
30
17% Jan 13
373A Jan
Fair
Stores
Machinery
Francisco
Freeport
Inc
,
Jan
52
NOV
Corp
Sugar Co
Sulphur
Co__
—10
—
Oct
Sep
115
Oct
57
Apr
203/s
Jun
29
Jun
17% Jan
163/,
sep
20% Oct
11% Jan
Feb
19% Feb
23
26 3A Jan
No par
10
Jan
13
2.53/4 Jan
45
Jan
16
50
Feb
Jan 18
Jan
2
Jan
23
.
17
Jan
28
22
Fruehauf. Trailer Co common—1
33
Jan
15
39
cum
preferred
100
100
Jan
11
101
-
25%
15
6
3
26
Jan
13
Sep
19% Nov
29% Feb
22% Jan 13
28% July
Nov
41% Jan
25
70% May
16
25%
2
39% Jan 30
Froedert Grain & Malting Co InC-1
290
Feb
Apr
105
33%
700
353/4
70
109%
107% Feb
14% Jan 13
34% Mar
83%
13
1053/4 Jan
34% Aug
Feb
108
Nov
51
21% Jan 29
313/aJan 16
Jan
105% Dec
3
60
13
105% Jan 10
19% Sep
Oct
49
4
7
6,800
17%
101
13
54
10
3,000
1,000
1,400
22% Jan
12% Oct
283/4
50
Sep
10% Oct
71
*26%
243/4
104
7
14 3/8 Jan
27%
263%
24%
Nov
27
94% Jan
27%
49%
21
107 % Jan
17
*96%
9*3/4
6
6
23
~
49%
17%
Jun
16
88 % Jan
263/4
r.
213/4
Jan
113/4 Jan 14
21
12% Jan
Food
49
Dec
No par
1,300
49%
45
Food
10,300
5,100
25
Feb
7
14
•263/4
Feb
26
5
No par
No par
Feb
543A
20% Jan
92
=
25
26 3/a
112%
Oct
20
16
135/a
28
10
Sep
35
104% Feb
Jan 21
May
100% Sep
2
42% Jan
52% Feb
143/a Feb
25% Feb
163/4 Jan
*90%
28
2
363A Feb
193/4 Jan
Florida Power Corp
7%
Florsheim Shoe class A new_Nopar
Follansbee Steel Corp
10
13%
_.
•
-100
1
No par
Co
91%
'
Jan
44
No par
com
preferred
Florence
7
24% Jan
3
108
Jan 29
88
21% Sep
73/4 Dec
1
93/a Feb
No par
Carpet Co
(The)
313/4 Feb
22% Jan 15
106
47% Nov
Jan 30
00
13
39% Jan 21
100
13%
90
*24%
18
600
& Rubber
90
13%
90
27%
*26%
107%
*39%
16%
13%
,
28%
*106%
40
13%
•
>
17
40
Tire
Ins N Y
preferred
Flintkote
$4
Fire
7% Jan
2
No par
Dept Stores com
conv
Fidel Phen
52
25% Jan 16
5
Co
Federal Motor Truck
Federated
20
No par
Min & Smelt
Federal-Mogul Corp
55
107%
No par
preferred
Federal
20%
28%
100%
*107
41%
39%
;
48%
18
107%
*106%
42%
107%
25S0r;:
100%
*106%
23
107%
*41%
107%
v
24%
-
107%
41%
23
*106%
55
22%
•4: 34%
*23
Farnsworth Televls'n & Rad Corp.l
Federal Light & Traction
15
3,600
20%
.
18
| *26%
Fajardo Sug Co of Pr Rico
16,800
41%
*106%
40% :
13%
91%
16,600
9%
23%
593/4
,58
36
.
,
•' 17
13%
30%
9'/a
104%
*105%
. ..
107% i
17%
*91
293/4
9%
25
58
21V,
36%
30%
83/a
105
*57%
^55 '
'
58
30%
8%
25
24%
58%
<;
13%
24%
*56%
57%
31%
8%
105
:
*104% 105%
22%
58
30%
49%
41%
49
8%
Sep
46%
21%
Jun
Jan
Feb
23% May
100
Apr
49% Jan
28
Feb
2 "•'»<.
61
16
Nov
28% Nov
99
_
.
,
353/4 Jan
45% Sep
Sep
Jun
273A May
48
Jun
112
July
i
i^ViiiWriimriiiniiiiiiifiiii
■
C V;'
/KC:
yolume 165
Number 4567
■p. /
(THE COMMERCIAL' & FINANCIAL CHRONICLE
821
ft
jglSSS
NEW YORK STOCK RECORD
LOW AND
HIGH
SALE
~
PRICES
Y
-
Saturday
Monday
Tuesday
Wednesday
Feb. 1
Feb. 3
Feb. 5
Feb. 6
•
*
Friday
Feb. 4
Thursday
'
-
Feb. 7
'
...wBTOCKs"
" :**•
:■
Salerfor
the Week
...
NEW YORK STOCK
EXCHANGE
"
$ per share
t per share
$ per share
$ per share
...
$ per share
$ per share
Shares
Range Since January 1
^
r
Lowest
Par
.
per
share
^
*
YealvjiG
-
Highest:
Lowes"
j
$ per share
,1
,
-Highest
$
$ per share
$ per.share
G
15
15
7%
14%
14%
7%
.7%
7%
*20
20%
*20
col
?nv/
c\k£
"Jfii/8
20 %
10 3/4
103/4
10%
107/a
*16%
17'A
xl7'A
17'A
*19
19%
8%
41
9'A
17'A
108
15
15
108
110
58''A
12
57'A
12
12%
174%
*17%
13
17%
13%
13'A
76%
*75'A
45'A
45
174
♦29%
30%
30%
30%
*155
39s/3
13%
158%
39%
39%
43%
43%
43
48
473A
48%
130%
130%
116
8
18
116
178/8
'11*
903/
on a
76
44o/a
«iS
i?b/4
•
?Q1/
907/
39/4
116
391/4
2,,8
ito 8
2q7/
132
oni/
397/8
c 1 onv
120
I™
43
,!?
Hi
120
ion
120
59%
59 Ya
593/a
59%
126 3/4
126 3A
1263A
126%
104
104%
104%
104%
18'A
18%
18'/a
10.'
23%
90v
!!5?
H,/2
AW
I,/8
18%
23%
23%
4 %
43/a
153A
23
4%
16
29%
15Ya
30%
131
29 3A
135
6
133
6 %
253A
35
26%
34 Ya
35%
122%
122%
34 Ys
34 Ya
34%
35%
29
30
29%
29%
106
103'A
37
*103%
106
37'A
38
373A
107 %
108
*97
122
122
107%
107 %
98
*105%
97
97%
30%
30%
30%
30%
108
26%
*105%
27%
*102
102 %
46%
261/2
46%
*55
*55
6%
121
121
27
,on
10°
* 1.03%
lit, H5w8
107% 107%
'97
6%
*120
37?/4
,
■•'107%
19
91/2
423/4
17
18%
93/8
427/8
17
17
*96
108
108
105%
14%
38%
41/8
4,/a
4%
15%
15%
293/4
301/4
140
6
4351/8
xl22'%
341/2
29
38
46%
57%
122
6%
*120
1,600
2,900
i'800
4,400
2»100
40
106
*97
30%
*102
46
44%
55%
45
55%
*55
6%
6%
29%
90
3%%
31%
7,300
200
30
20,200
100
45%
4,800
56%
6%
122
4%%
102%
44%
7
30
119%
100
6%
4,800
120
90
30'/a
30%
30%
30%
30%
31%
31
31%
31%
31%
7,100
66%
67 %
67%
67%
66%
67%
66%
67%
67
68%
11,000
*103%
105
*103
105
*103%
105
*103
500
105
55%
55%
55%
56%
56%
56%
56%
56%
55%
56%
56%
57%
107 %
13,200
107%
107 %
107%
107%
107%
107%
*107%
107%
*107%
107%
600
21%
21%
22%
22%
22%
22%
22%
22%
22%
22
5%
6%
5%
5%
51/4
5%
5%
6%
6%
6%
6%
37 %
37 %
37%
37%
*37
15%
15%
6%
37 %
*36
15%
15 %
15%
15%
15
30%
30%
*103%
104%
31
31%
*103%
31
103
103%
12%
13%
13%
13%
13
*33%
35%
*33%
35%
*34
*14%
14%
14 %
14%
48 %
49'%
25%
49
25%
'161
162%
*65
70
68%
18 3/4
19%
36
36
103%
*27%
8'A
*86
27
48%
25%
161
6%
14%
5%
15%
16
3,800
30%
4,700
31%
31%
*104%
104%
13%
14%
48 %
25%
48 %
104%
13%
35%
14%
30 %
*104%
13%
34%
162
13%
*34
14%
48%
48%
49%
11,000
25%
4,000
162%
50
71
*63
69%
69
69%
68%
69
69
69
68
20
19%
35%
36%
103%
103%
26%
25%
26'A
8
89%
*86
8%
*86
8
8
89%
19%
35%
35
*86
103%
26
19%
35%
103
8
89%
19%.
36„
25
35%
*86
*102%
/
8
71
19%
,
103%,
24%
8
100
3,400
*
25%
*63
*19%
14%
*161%
70
103'A
8,600
35%
J62%
70
20
140
25%
25
162%
69%
103 %
2,300
15%
13%
25%
46,000
7%
500
14%
*161
5%
38
34%
48%
25%
6%
38
13
14%
49 %
161
5%
6%
2,200
38
*34
14%
22
69%
27%
63/8
89
13%
31%
104
36%
103%
27%
8'A
30%
5%
*36%
15%
104
36
14%
5%
6%
38
22
69%
69 3%
19%
35%
25%
162%
*66
69'A
*103
49%
25%
*161
6%
31%
104%
$5
29% Jan
Dec
17
9% Feb
4
.
7%
43% Feb
18% Jan
2
15
Jan
30
78
15% Jan
31
105
109
4
Dec
38
9
3
67% May
,
24
175
Dec
109
Dec/IS
71%
Sep
r
10% Sep
X170 M Dec
1
Apr
18% Jan
9
: 14%
Apr
200
Apr
Nov
5 28 %
Apr
8% Sep
Feb
14
May
21% July
48
12% Feb
Jan
May
141% May
Dec
104
31
:
Nov
Jan
■'
13%
>
Jan
58% Jan
Jun
16%
Apr
13
Jan
Oct
40%
16
42% Jan 1#
44% Jan 23
128% Jan
9
Jan
14
Jan
2
Jan 16
Jan 13
Jan 16
16
Jan 13
Jan
31
32
Feb
/
Oct
182
52
Feb
Oct
$ 56%
Feb
42
■
Jun,
:
Apr
Dec
89%
•
!/,,
Apr
33%
1561
,160
Jan
39% Feb
45% Jan
I
•
543/4 Aug
51
Jan
131
Feb
126
Dec
135%
Jan
xl22
Feb
114
Sep
123
Jan
V.
Feb
hi
132
Feb
U
103
Dec
W
64% Feb
'
7
47%
Oct
127% Feb
7
124'A
Nov
104% Feb
5
101%
19"% Jan
6
15 A
24% Jan
4% Jan
2
21% Nov
30
16 % Jan
6
31
Feb
7
138
Jan
8
6% Feb
7
Dec
2%
24%
Apr
/'
40%
Jan
/
-7%
Nov
48
.
May
150 A Apr
11%
Feb
Oct
26%
Jun
Jan
47
Jun
Oct
20'A
29
26% Feb
3
23
124% Jan
29
101
Oct
35% Jan
2
32
Nov
Feb
1
24%
Oct
103% Jan
28
103'/4 Jan
28
33% Jan 13
39% Feb
7
32%
105
.
>
132
July
49% May
46%
4.
Apr
Feb
Oct
111
Nov
-
:
Jan,
233/4 May
Oct
4%
36% Jan
30
.
29
Oct
137
-
..—
Oct
14 %
<
80%
Nov"
Jan 16
22% Jan 16
30% Jan 2
112% Jan 22
32% Jan 22
24'% Jan 21
5
60
£ Jun
118
4
Jan
104 %
Sep
;
103
Jan
2
108
Jan
22
102%
Sep
97
Jan
10
98
Feb
5
96 "
Oct
31% Jan
2
22%
Jan
105% Jan 20
102%
Dec
108
100
Oct
106
36%
Oct
56 %
Jan
53'
Dec
58
May
29%Jan<13
105
Jan
24
4
Jan-16
102
Jan
21
42% Jan 16
55% Feb
6
50
1
100
5% Jan
3
7
119% Feb
Feb
6
49% Jan
2
■:
42% Apr
7
Jan
30
103
57% Jan 24
7
Feb
6
121% Jan
May
'
—
4
116
"
,
Jan.
4
Jan
151%
Nov
;
——
Apr
8%
5"% NOV
24%,
1,600
11,700
89%
*86
89%
370
,
■
4,300
1,000
___
13%
14%
13%
13%
13%
13%
13%
14%
14%
13%
14'A
13%
13%
13%
14
14%
14%
9,500
48
48
48
48%
48%
48%
48%
48%
47%
47%
47%
48%
1,600
$5
61%
613/a
61%
62%
61%
62'A
62
62%
62
62%
62%
63%
15,900
Gulf
HIGH
SALE
Tuesday
Wednesday
Feb. 3
Feb. 4
25
100%
Jan
Jan
"
Friday
the Week
Feb. 6
$ per share
NEW
Sales for
Feb. 7
Thursday
$ per share
Mar
57% Feb
7
50%
Sep
Nov
107
16
16
107% Jan
25
105 %
Sep
113 ya
Jan
10
19%
9
Jan 24
Jan
10
Jan
25
Jan 24
13
30
10
104
Jan
24
77
5% Feb
5
7'A Feb
5%
i
...j
Feb
Oct
Jan
12%
54% May
41
Jan
2
30% Mar
16
Feb
7
12 %
33
Jan
10
28
Nov
104% Jan
31
101
NOV
Oct
27'A
Feb
40%
>
Jun
Feb I
112
DeC r
13% Feb
12%
Dec
13%
8
35% Feb
33%
Dec
35
'4 Dec
13% Jan 16
43% Jan 13
23% Jan
2
14% Jan
49% Feb
13%
Dec
21
Feb
Jun
Jan
Jan
4
69% Feb
4
159
Jan 23
17% Jan 16
64
Nopar
100
__1
1
Nopar
Nopar
32% Jan 16
102% Jan
4
22
Jan 14
7 'A Jan 13
86
Jan 24
10% Jan 16
40%
26% Jan
64
Oct
<
343/a Jan
22% Nov
163% Jan
188'/a
Apr
27
158
Oct
Feb
5
55
Oct
79
Feb
75% Jan
7
61% Nov
105
May
20% Jan
4
38% Jan
6
70
-
20 3A
Dec
20%
Dec
30%
Feb
102%
Oct
23%
Dec
52% Apr
6%
Oct
13%
*
/
'
103% Jan ,16
27% Feb
3
»
54 Ya May
;
111
Apr
-
'
8% Jan
10
89 % Jan
2"
80
Jan
Jan
108
NOV
14% Feb
3
•9%
Sep
30'A
Jan
1
12%
Dec
13%
Dec
Nopar
10% Jan
13
14% Feb
38% Jan 16
57% Jan 16
48% Feb
7
31%- Oct
78%
63% Feb
7
56%
78
Sep
Jan
s
May
Range for Previous
STOCK
YORK
-
Jan
.
16. -v jan
Oct
5%
7
Apr
43
Nov
•'
STOCKS
Feb. 5
$ per share
Nov
Nopar
25
preferred
Oil Corp
PRICES
Monday
$ per share
14,000
59%
16
12% Jan 14
(H L) Co Inc..
__1
Greenfield Tap & Die Corp__No par
14%
7
Jan
32
100
Greyhound Corp (The)
4%% preferred
Grumman Aircraft Corp
Guantanamo ?ugar common
$5 conv preferred
Gulf Mobile & Ohio RR___
Common when issued
68% Feb
47.3/4 May
88% Apr
Nov
102% Jan
100
West RR...
Bay &
27 ;
12% Jan
30% Jan
Grayson-Robinson Stores Inc
1
$2.25 cum. conv. pfd
Nopar
Ore Prop—Nopar
Great Northern Ry 6 % pfd_.No par
Great Western Sugar
^.Nopar
—
4
53
106%
20%
3%
6
36%
Great Nor Iron
Preferred
Jan
102% Jan
Green
19'A
8
Steel..
City
Grant (W T)
Green
36%
26%
Co—„
Granite
3,400
103
Union
32
61
100
Grand
80
68'A
7%
Co
3% preferred.
29% Jan 13
10
Nopar
Nopar
Nopar
Nopar
Nopar
1
5
Nopar
Nopar
„5
14%
$ per share
Sep
-
27%
27
Nopar
Nopar
5
Nopar
Nopar
Goodall-Sanford Inc
Goodrich Co (B F) com
$5 preferred
Goodyear Tire & Rubber
$5 convertible preferred
Gotham Hosiery.'
Graham-Paige
Motors
Granby Consol M S & P
14 %
$ per share
Razor
Gold & Stock Telegraph Co
14%
AND
17
19% Jan 28
Apr
100
Brothers
preferred
Glidden Co (The)
4%% conv preferred
Goebel Brewing Co
143/4
LOW
26
100
$4.50
14%
Feb. 1
14% Nov
47% Aug
133
5
preferred
conv
3
90% Aug
14% Jan
100
Gimbel
14'/a
Saturday
Safety
X17% Feb
11%' Jan
22%
'
107%
5
Gillette
8% Nov
21
Sep
xlOlYa
15%
.
21%
3%
1
preferred
preferred
7
Oct
Sep
Dec
51% Jan 3
125% Jan 17
10c
Nopar
preferred
108
108
*105
29%
102%
4V*%
12% Feb
7
18%
74*%
100
General Tire & Rubber Co..
98
*107%
105%
—
3,500
39%
2
W x35%
Nopar
preferred
Gen Realty & Utilities...
General Refractories
7
46% Feb
115
5
Gen Railway Signal
6%
-
Gen Steel Cast $6 preferred_.No par
General Telephone Corp
20
Gen Time Instrument Corp__JVopar
68
104
Public Utilities Corp
1,000
3,100
800
30%
153
Gen
15% May
10% Sep
Feb
Jan
78% Jan
35% Jan
Nopar
Preferred $3.75 series.
Nopar
°en Outdoor Adv common—No par
Gen Precision Equip Corp—Nopar
'Gen Public Service
10c
£%
75% Jan 31
10
122%
34
29%
67%
105
General Motors Corp
$5 preferred
15% Jan 29
21'
41% Jan 16
28% Jan ■ 2
156
Feb 6
100
General Shoe Corp
30
*103
preferred
conv
1'700
28%
*120
3;500
38,600
8%%
No par
Nopar
100
353/4
102%
122
65>600
-'General Foods Corp_i...General Mills common.
Preferred
19,600
i'900
56%
44%
*55
6%
800
Co
6%
261/4
37%
108
105%
55
1,600
150
140
*104
31
29
Nopar
Electric
122
33%
291/4
106
106'%
General
353/4
29
*105%
__5
No par
100
50
Nopar
100
6%
257/8
38%
*107%
102%
18,600
31
*135
6'%
251/2
36
123
347/«
30%
27
24,400
9
Jan 2
xll% Jan 15
170
Jan
2
17
Jan 13
11% Jan 13
50
.__5
Nopar
General Cigar Inc.
7% preferred
3
Jan
109
5
$8 Purred
General Bronze Corp
General Cable Corp.,
17
13% Jan
100
Baking
Jan
100
.1
preferred
General
1»700
30
16%
24%
50
4% 1st preferred
2,000,.— 4% conv 2nd preferred
125
15%
24
1.66%
150
39%
181/4
24
Nopar
1
50
Gen Amer Investors
$4.50
Jan 13
Jan 31
Jan 13
Jan 16
Jan 13
8
Jan 15
38
Jan 25
16% Jan 27
Nopar
preferred
conv
12% Jan 16
6%
20
9%
15
17%
20
.3
Gen Amer Transportation
60
1,200
18,800
627/8
643/4
127% 127'%
104% 104%
98
*102
♦120
117%
5%%
3'100
183/4
24'%
4%
96'
27%
—
-
1
1
PK-erred
Galvin Mfg Corp
Gameweli Co (The)...
Gardner-Denver Co
Gar Wood Industries Inc
4,/a^ conv preferred
Gaylord Container Corp
1,700
42% 43
;
48% 49%
1301/2 1301/2
62
631/2
127
127
104% 104%
18
181/4
30%
102%
5,000
111
38%
122
98
107
...
56% 56%
12
121/8
0172
1741/4
*17»/4
17%
131/8
133/4
*75% 76
45
46%
31
32
*155
157
39%
30%
27
171/4
15%
*l°8
43
43%
493/8 493/8
41301/2 132
xl22
400
1,300
11,200
1'400
7>30°
108
15
HI
98
*102
6%
*98
15561/2 57
121/8 121/8
172
1741/4
17% 17%
131/8 131/4
751/8 76
45
45
307/8 3°7/a
156
156
30%
46%
122
* 1.3%
93/8
423/4
*103%
373/4
17-400
4161/2
98
30%
46
6%
106
121/4
171/4
18%
91/2
43
163/4
293/4
3 /2
345/8
291/2
12
Gabriel Co (The) common
Gair Co Iac (Robert)
3,300
13,900
700
133/4
*135
6'/b
100,/
I,/
/a
!281/2
oi,
103 /4
,30
136
15
8%
205/8
20
121/"
241/2
,09
Hi,/8 HI,
low
/8
o
199./
*,00,,
8
6
or
199w
4334
,30/4
Hi
120
/Ho
*133
o6.,
57%
45%
57%
6%
108
102 %
*102
6,/
it,
oL/
39%
'4
i22
134
19A
134
77
43/2
104/8 1043/4
H,/
8;8
I,,
24/4
4/8 15
41/4
15
H/8
16
1 c3/
13 /4
17f?
H 2
15
7%
201/2
20
111/2
14%
Hi3'4 63%
His/ HI,/
1045/
30%
6 %
26
35
16
133
6
26
4%
■ioTv ioi%
iSv
14%;,.14%
13/a 7%
0108
-1J9
,15 8
Ins/ In-'/4
76^
116
*130%
15
110
nlv
43%
47%
13
II
nl
It,
76
»/4
i!l/a
108
°10®
i«
17/8
45%
158%
f;
,
45%
39%
i!
96
19 1/
175/
18 %
*75%
156
fn/4
iJ«/B
174
18
Hi4
18|2
.L/8
108
*inQ3/4 iln
119
'
114
161/4
57%
*172
*t,
7?/a
/a
11
i2i4
i«3/
19
12'/a
175
110
*108
58'A
171
15%
,/
/10.'8
sin
38
108
,J/8
nv
aou
17%
17'A
*100
15%
03?
9%
43
42%
42%
17 %
*98
19
19
9»/8
^3/
i
??i,2
Uv
Wt
Lowest
Lowest
Highest
t per share
Par
Shares
Year 1916
Range Since January 1
$ per share
EXCHANGE
Highest
$ per share
$ per share
H
*37
39
17%
*37
18
*18%
39
*19
19
19
19 %
19 %
18%
19%
*37
19
19
39
*37
18%
*18%
39
*38
18%
19
*109
112
*110
112
112
112
"
109
107
*106
107
106
107
"106
18%
112
*106
107
24
24%
165
*155
24%
*155
24%
165
24
155
24%
165
23%
19
112
*105%
24%
23%
39
*38
19%
18 3A
233A
'155
165
36 %
36%
36%
36
36%
36
36
36'/8
10
10
36%
10 %
10
10%
*9%
10'A
10
10
100
*99
100
*99
*99
100
10
10
*10
10%
10%
7%
7%
34%
7%
34%
*29'%
34
29%
*100
40
40
34%
29
29%
101
101
7%
101
7 3/0
34
29%
100
100
10%
7%
*99
10
73/B
34%
*33%
295/a
29%
'100
102
100
10%
8%
34'A
30
10%
73/4
34
*29'A
102
*100
165
8
34
403A
403/4
41%
41%
*40%
41'A
107 %
'106 3A
107%
*1063/4
107%
*66
67%
66%
66%
*66
*162
167%
167%
162
168 %
"162
168%
*162
10 3/4
29%
'100
106 3A
*162
36%
33%
29%
102
40%
66
24
7'/a
107%
67
50
9%
*39%
*66
300
*99
10%
*106%
67
19
112
*155
107%
*106%
66
41
*1063/4
*64
168%
'162
24%
9%
8%
Hazel-Atlas Glass Co
Hecht
41%
66
20'A
21
20%
21'A
20'A
203/4
20%
21%
58 %
61%
61%
62
63
131%
61'A
61'A
60
61
131%
131%
131%
131%
26%
*30%
31 %
*27
30
29
26%
133%
78%
129
131%
78%
'129
1313A
78%
131
,
*131%
133%
*77
80
*128
131
*131%
78 Va
129
J)
(H
3.65%
Co
preferred
cum
Helrae
(G W)
7%
100
non-cum
preferred
4,400
Hercules
3,600
Powder
133%
80
78%
400
250
28
1,100
5%
26%
263/a
*26
26%
26'A
*30%
31%
*31
31%
31
31
*31'A
32
200
Hinde St Dauch Paper
29
29
*27
30
28
*27
28
300
Hires
29%
29%
17%
18
*24
19
24%
28%
295/8
18
18
*24
27 Vt
28
*27
283/4
29
*28
18%
17%
*17%
26'A
28 Ya
17%
26'A
28%
*18
28 Y«
1,400
18Ya
600
Hewitt-Robins
Co
Holland
Inc
(C E)
(Del)
Furnace
Hollander
&
Co
The
(A)
Sons
24 %
24
24
37%
38
37%
38
373A
38
37%
37%
18%
37%
373/4
37%
38
19%
19%
3,600
Holly Sugar Corp
Homestake
Mining
19
19
19%
1&%
19%
19
54
18%
18%
19%
54
HoudaiUe-Hershey
54
9,400
54
54
54%
54%
54%
54
54
*53%
*30%
*88%
19%
30%
30%
101
*100
31
100%
100%
90
89
89
30%
101
89%
30%
101
893A
*54
30%
101
89%
30%
101
89%
19%
19%
19%
18%
19%
18%
19
*26%
28
27%
27%
27%
27%
27
29
*34%
35
35%
35
5%
35%
5%
12%
12%
12%
6
For footnotes
see
6
12%
5'Ya
13
*23%
305/8
*101
*89%
18 %
x27
24%
400
com
$2.25
preferred
Household Finance
Nopar
23'A Jan
12.50
Nopar
50
35V4Jan 23
15% Jan 36
19%
19 Ya
9,200
27
27
1,600
2,600
Howe Sound Co..
7,800
Hudson
6%
6'A
3%
6%
12%
12%
133/8
13 Ya
35
35
6%
*13
36%
6 3/4
13%
4,600
280
700
700
50% Jan
5%
—:—6
Manhattan——-100
non-cum
preferred
100
3
3
28'A Jan 11
100
Jan
3
3%%-
St
Jan 24
Jan 31
Jan 27
Jan
3
243A Jan 16
16% Jan 17
5
—5
28%
30Ya
102
Jan 16
131% Jan 10
Jan 15
78
128
26
29
25
1
19
30%
102
54
5
10
89'%
89 3A
343A
13
100
8
63% Jan 17
165
Jan 22
17
Jan 16
—25
.100
89%
-
6'A
*34%
24'/2
—25
-100
com.
Nopar
preferred—
100
Houston Light Si Power Co—No par
Houston Oil of Texas v x, c
;_25
Howard Stores Corp
—1
30%
102
35%
35
*23%
Jan
160
33%
83/4
x98%
8
6%
33
27%
100
100
Nopar
No par
preferred
Hershey Chocolate
$4 conv preferred
6
Jan 27
Jan 16
Jan 17
Jan 14
Jan 13
Jan 16
Jan 25
Jan 27
Jan 13
393/4 Jan 31
106% Jan 16
100
10
1
100
1
2
25
-Nopar
Nopar
Motors
Hercules
131
22
100
preferred
31%
24%
.
78
129
Heinz
No par
15
Co
33A%
26%
*30
29%
17
*24
78
131%
2,100
168%
21
130
100
107%
20%
*75
11,900
6%
preferred
Hart, Schaffner Si
Hat Corp of Amer
1,600
57%
79
Marx
class A
4'/2% preferred (modified)
Hayes Industries Inc
Hayes Mfg Corp
5,200
Refrac
1,000
56%
133
Co $4.25 pfd^.No par
(M A)
Jan
16% Jan 16
i73/4 Jan 14
107
Jan 14
107
Jan 16
100
2,300
600
37
5
No par
Co
preferred
29%
21
*76
Watch
conv
33%
102
56%
*26
4%
Harbison-Walk
100
11%
Printing Co
(W F)
Hamilton
25
Water
2,500
165
38
Hall
Hanna
107
20%
*131%
2,100
19
*105%
107|
*9%
*99
19%
112
112
36%
*155
19
Hackensack
38%
86% Jan 13
•
163/4
25y4
32%
43A
9%
Jan
Jan
Jan
Jan
Jan
16
11
13
13
13
11
35
4
15
Oct
Jan
22
173A
Oct
112
Feb
4
40% May
NOV
19'A Feb
19
39
,108
Jan
24
Oct
119
Jan 30
105%
Jan
109%
Apr
20'A
Sep
Jan
30
160
Jan
27
39 % Jan
6
343/4 May
33
Oct
99'A Jan
99
60% May
16% Jan
Nov
8
Sep
8
113/4 Feb
35% Jan
68
Jan
61
44 £
Oct
169%
Jan 22
Feb '5
*■
132
Jan
7
81
Jan
11
76
Sep
132
Jan
30
123
Nov
22
Oct
Jan
'
4
7
•'
Jan
19
31% Jan
19
Feb
Jan
25
38
Jan
18
37% Jun
Pec
22
Sep
.6
34%
19% Feb
1
12%
;6
46
NOV
30% Jan
27
8
,
28%
•
•
Sep
. 1
||
I'Hi % Jun
•i/
•
96
Oct
30
Oct
47
303A
Oct.
5
"-.*C
11%
6
Feb
52% Apr
'35% Jun
.
•
24%
7
13% Feb
S
14%
19% Feb .7
29
Feb { 5
6% Feb
•
Sep
99% Dec
78%. Sep
103% Jan 20
92
Jan
2
-'36% Feb
,
r
May
34% May
56
Jan.
40
.
•'
Oct
54% Feb
U
.
•
Sep
22% Oct
2
3
25
21%
!•'■}
.146% Jan S i f
39% May-1
*43
May \
41% Apr |
'
Nov
26
;!
if j
-
,
'
313/4 Jan
I;
Dec
72% Apr t
139
Apr #f
106' -i May 4:
Sep
7
29% Jan
||
j]
192
Aug
38% Jan
Dec
21% Feb
130
tt
•
90 S / Jan
-
.
17% Nov
46%
*
Dec
36
Dec
29J
j,
V.
105% Dec
103
Jan
Jan
51
May
109'/4 Mar
4i% Dec
42'A Jan
{
Dec/ft
1
Feb
| j
12%
Jan
•
25
Dec
:
60%
' Oct
Apr
July
Jan
'
;
i
S^gcr.'-
■
page 827.
•»
|
;
20% Apr
15% Jan
28% Nov
101'
Nov
30% Jan
101% Jan
107
106%
Nov
5% Nov
29% Oct
8% Feb
29
I;
f
%
Aug * j
170
151% Nov
10'A Feb
63
:;p
I;]
Apr
243/4
165
Aug
26% Jan
103
v.-
')
f
i
—
'
'
'
■
"V.
* I''
t- ■
Monday, February 10, 1947
COMMERCIAL & FINANCIAL CHRONICLE.
THE
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
PRICES
HIGH SALE
LOW AND
Saturday
Tuesday
Wednesday
Feb. 1
Feb. 6
Feb. 3
Feb. 5
Feb. l
# per share
$ per
$ per share
share
$ per
share
$ per
43%
42%
43%
42%
42%
43
42 %
43 %
18%
18%
19%
19%
19
19%
1834
18%
19%
18%
25%
25 34
25%
24%
25%
25%
24%
25%
25%
243/4
6 3/4
67/8
6%
63/4
6 3/4
7%
x42
20%
26
7%
Hud Bay Min & Sm Ltd
Hudson Motor Car
Hunt Foods Inc
500
7%
7 %
73%
38%
37%
33 %
373 4
27%
28%
28 %
"
38%
28
Lowest
30
$ per share
37 % Jan
No par
No par
6.66%
16
13
30
5% Jan
$ per
16
Sep
$ per share
45% May
14%
2
7% Feb
5
Jan
8
.
Oct
34% Mar
25 %
7
Jan
share
33
3
20% Feb
30
Highest
Lowest
43 % Feb
14
Jan
23 % Jan
1
Hupp Corp
Highest
$ per share
Par
2,700
34,200
3,300
36,700
19%
25'%
7%
7
.
Year 1946
Range Since January 1
NEW YORK STOCK
EXCHANGE
Shares
$ per share
42%
42%
share
*42%
Sales for
the Week
Friday
Feb. 7
Thursday
Monday
Oct
49%
Jun
5%
Sep
107/a
Jun
I
38%
*38
*37%
27%
38%
38%
38%
26%
27%
27%
28%
27%
28 %
52%
52%
52%
53
53
53%
96
94%
94%
*94%
19%
19%
9%
283/4
*38
*94%
19
18%
93%
9%
*52
96
*94%
96
193/4
19%
*19*4
93/4
9%
10%
9%
28%
28%
28%
*28%
29%
*
19J4
52
94 %
96
10%
Stk
RR
A
series
ctfs
RR Co
T
Indianapolis Power & Lt
No par
13%
13%
13%
13%
13 %
1,700
42%
41%
42 %
4,200
42%
42
Industrial
42%
42%
42%
42%
42
41%
13%
42
*128
130
130
130
*180
182
*180
182
180
393/4
•40%
15%
16%
15 %
40
40%
16%
16%
16%
8%
*7%
8%
*7%
49 %
49%
*105%
106%
*47
6%
13%
12%
13
75%
10
29%
*94
95%
5
5%
5%
13%
13%
220 %
79%
79
9%
*94%
95%
*94%
951/2
*943%
50%
50%
104 %
104%
5%
53/8
36%
36 %
363/4
20,400
*134%
135%
135
49%
49
49%
14%
105 %
104%
51%
49%
600
14%
6,200
110%
111
30,700
104%
14
14 3/0
14%
110%
112
112
113
49%
360
135
*134%
135
*104%
105
14%
15
14%
>111
49
*104%
104
104
15
5
5
380
112
57%
57%
57%
573/e
58 3%
58%
*56%
300
57%
58%
57%
39%
383/4
39%
39
39%
39
39%
39 V4
International Shoe
39%
4,200
39%
39 %
39%
47%
46%
46%
46%
463/4
45%
46 %
3,500
47%
47
46%
*38%
40
16%
16%
17%
*16%
163/4
17%
25%
25%
25 3/4
23 %
24
22%
23
24
*22%
24
300
41
41
41
41
41
*40%
41%
700
Island Creek Coal
147
*147
150
*147
150
*
23
41
41
150
25%
25%
253/4
25%
*22%
'
2,600
11%
Sep
36
Sep
Feb
116
Oct
180
Feb
168% Mar
42 3/4 Feb
4
2
Jan
Jan
Jun
54
151%
Jun
190
Aug
Sep
44%
Jun
13%
Sep
22%
Feb
7%
Sep
1134 May
33%
35% Nov
59
May
Aug
112
May
105
Feb
7
5 34
Dec
13%
13% Feb
4
10%
Oct
20%
Feb
5
803/4 Feb
7
66%
Nov
102
Jun
Feb
7
175%
Dec
202
Apr
10 3/a Feb
7
6%
Oct
Jan 21
132
30% Jan
13
13
3
96
45
Jun
Dec
101
Aug
4%
Oct
28 %
Oct
Aug
133
Feb
3
533/4 Jan
2
38%
Sep
104 % Feb
7
95%
Oct
Jan
Feb
42%
Feb
Feb
148
55%
Dec
Aug
113
26% May
11%
5
Nov
Sep
52%
3
53% Feb
113/4
101'4
3
Feb
15
112
Apr
Sep
7
136
15%
90%
29
28
5% Jan
Feb
Jun
250
27
2
Jan
Jan
195
36 3/4 Feb
53
Jan 15
37% Jan
2
41% Jan 16
33% Jan
9
13% Jan 13
14
Jan 13
22% Jan 16
21% Jan 24
40% Jan 16
Sep
70% July
Oct
49%
July
125
Jan
Jan
30
36
483/j Jan
31
39% Nov
60'% Aug
40
Feb
7
37
Dec
42% Aug
17 % Feb
4
1434
Nov
31%
17% Feb
4
143/4
Nov
3134
Feb
Feb
25% Feb
7
23%
Dec
50
Apr
40
Jan
2
9% Jan
xlOO% Jan
49
Feb
109
Jan
125% Jan
119
Jan
54% Jan
110
Jan
ic
8
3
20%
24
41% Jan
30
23
Dec
34% July
Dec
50
Aug
Dec
39%
141
4
Feb
147
143 3/4 Jan
_1
Jan
May
6% Feb
4% Jan
33
Jan 16
134
Jan 23
46
Jan 16
103% Jan
8
12
Jan 16
110
Jan
9
No par
No par
_1
$6 preferred
20
150
*147
23
133
222
93-% Jan
Jto par
Foreign
5,200
22%
25
13% Feb
73/iJan 13
No par
Telep &
Intern'l
60,300
36
Jan 16
Jan 11
Jan J 3
263A Jan
—25
17%
25
23
41%
>147
40
16%
163/i
147
24%
24
*41
150
40
163/4
16%
17%
17%
*23
*147
40
16%
17%
41
16%
24%
24%
*38%
17
24%
163/4
16%
40
16%
Sep
103/e Feb
13
Jan
11
211
70
176%
36
Teleg_
share ctfs
Interstate Dept StoresIrrtertype Corp
17%
16%
17%
16'/a
2
preferred
7%
200
*38%
40
*38%
40
16%
5 3/4
Oct
9
International Silver common
47%
46%
*38%
37%
Jan
No par
No par
Salt
International
Oct
50
100
*56%
*56%
14%
106 3/4 Jan
41
International
2,000
36
49%
112
*111
5%
36%
135 %
135
136
14%
5
35%
5
36%
36 3/a
95%
7
Feb
30% Jan
105% Feb
4
5% Jan 16
par
par
par
par
Hydro-Elec Sys class A
25
Min & Chem
5
4% preferred
100
International Mining Corp
1
Int Nickel of Canada
—No par
Preferred
100
International Paper Co
15
$4 preferred
No par
Inter Rys of Cent Am
No par
5%
preferred
100
8,900
Apr
22
9
Int
12,700
*94%
95%
103/8
30 %
36 %
5
5%
5
9%
29%
30
99%
Feb
Preferred
350
Sep
Jan
100
Harvester
International
11,200
182
87
8
No
No
No
No
Business Machine
Int'l
3
17
Jan
7% Jan
No par
Rubber
Iron
Interlake
12,000
700
80%
78%
93/4
29%
13%
222
182
181%
9%
30 %
95%
*94
2213/4
78%
78
180%
180
180
220
220
222
222
9%
493/a
112
123/4
29%
135%
112
13
10%
36%
14%
123/4
30 %
135%
105
13%
2,100
6%
6 %
9%
36%
13%
6
Jan
94 % Feb
14% Jan 13
1
preferred
4%%
Intercont'l
Jan
85
20
Corp
Interchemical
70
45%
Oct
40% Feb
Inspiration Cons Copper
700
5%
29%
10
135%
49%
79%
180
46%
105%
Oct
41
37% Jan 16
Insuranshares Ctfs Inc
46 %
105%
53/4
13
1,200
105%
46
46
105%
29%
29%
36%
*104%
220 %
78
180
180
10
10
5%
77%
*179%
29%
106 %
5%
220
753i,
180%
75
180 %
47%
106%
13%
*219%
221
221
*46%
6
6
*6
46 34
105 %
46
9,700
7,600
8
8
8
8%
105%
48%
106'%
*105%
17
40 3/a
X39%
16%
40%
16%
Inland Steel Co___
8
40%
39%
16%
*73/4
182
30
Apr
18%
7
127% Jan 13
180
Feb
4
_
Ingersoll-Rand
6% preferred
400
182
16
40
16
83%
128
*178
39%
39%
*7%
*126
*178
182
'178
180
129
128
133
'130
133
133
44%
7
Feb
1
No par
100
No par
Rayon
36
Sep
Feb
54
39
12% Jan 14
Industrie Electrica De Mex, S A
13%
13
*13
123/4
13%
13%
29
*28%
31%
30
x36%Jan 22
203/4 Jan 13
43
Jan 13
93
Jan 21
15
Jan 16
8
Jan 13
28 % Jan 28
100
1000
5
4%
Terminal
Illinois
1,600
series A
lines
Leased
12,900
29'%
23%
29
28%
970
9%
10
9%
10
10
22
20
19%
19%
600
96
*94%
Central RR Co
preferred
6%
20
100
100
Co
Power
Illinois
53,000
54
54
52
53%
Idaho
163
Jun
J
11%
11%
>
*101%
102%
103
*48%
.133
133
133%
*123
127
;
4934
493/4
110%
135%
127
127
*109%
110
*109%
110
146
*130
140
*130
140
*130
140
V *100%
37%
37%
3734
37 Va
36%
140
38%
36%
37%
31,100
300
102
*100
101
101
102
1,300
110
*133
140
*130
37%
37
*101
101
101
101
*109%
110
*109%
4%%
Johns
100
58%
*56
30%
30%
29%
30%
29%
30
29%
29%
29%
30
293/4
30%
6,000
20
20
20%
20%
21%
21%
21%
21%
21
21%
2134
21%
900
27%
2734
27%
28%
27
27%
*27
27%
26%
27
27%
273/4
6,700
54
54
54
54
54
*52%
54%
*52%
5434
55
55
16%
16%
1634
167/a
16%
16%
163/4
16%
16%
16%
16%
16%
25
;'
No par
preferred
100
Mariville Corp com___No par
3%%
preferred
100
Johnson & Johnson
—12%
4% 2nd prefered ser A100
Joliet & Chicago RR stamped—100
Jones & Laughlin Steel
No par
5%
pref series A
100
Joy Mfg CO
„1
Jewel Tea Co Inc
10
3,000
127
*123%
57
57
59
*57
110
101
135%
1233/4
56%
37%
109
134
12334
*109%
102
109
134%
127
57
;; *130
A'
37
110%
134
111
*56
*109%
49%
*108%
135 %
*123%
58
57
56%
110%
700
49%
49%
*48 3/4
50
*49
*108%
1
Jersey Cent Pw & Lt 4% pfd___100
230
Co
(F L)
Jacobs
17,700
103 %
103%
103%
103%
103
103
12%
12%
12%
11%
1234
11%
134
136
*123 >4
134%
*123%
,
104%
*108%
50
110%
*108%
11%
1033/4
103
49
50
110%
; *108%
113/a
11%
11%
25%
*25(4
26
253/4
25%
26
26
26%
26%
26 3/a
263/a
8
45% Nov
Jan
24%
July
108
59 % May
107%
Dec
114% July
115
4
Feb
136
Dec
100
4
2
110% Jan
21
16
16
28
28
Oct
167%
Apr
153
Apr
1233/4 Feb
6
111
Sep
62 % Jan
6
44
Oct
63%
Dec
109
May
115%
140
Mar
150
Feb
Feb
Jan
112
U
101% Jan
303% Jan
3
Feb
53%
31%
Nov
23
99
Sep
108
May
30
18%
Oct
34
Apr
17%
May
38% Feb
32% Jan 16
98
Jan
3
25% Jan
Feb
Jan
53
Dec
834
7
12% Feb
104 %
7
K
*53
19%
173/4
18%
18%
18%
18%
19 3/4
49
49 3/a
48%
49
48%
49%
48%
*45%
46
24%
45%
45%
45 34
24%
25
24%
26
112%
113
112%
113
114
114
1/
45%
24%
*45%
26%
5,900
20
19
19%
19
19%
48%
49 %
48%
50%
22,300
45%
46
45%
45 %
800
26%
26%
•
*114
20
19%
8'2
X80U
80%
19%
*19%
193/,
*19%
80%
81
80%
80%
81%
81%
81 %
32%
32%
33%
23
33%
33%
33 %
32%
98
97 3
9,100
650
19%
19%
19%
27
116
26%
26%
115
115
3234
■J1
1,100
49 %
19%
*18%
1,900
46
114%
114
500
•
81
600
20
81
310
2,800
4%
Class
B
Kennecott Copper
$5
prior
32%
333/8
98
260
Cum
pfd
97%
97%
9734
9734
98
97%
36%
36%
36%
37%
3734
38%
38
39
39
39
39
39
6,000
Kresge
*58
59
56%
58
*55
57
2.000
Kress
47%
46 %
40%
46%
2,600
Kroger
58
58%
58
587/a
58%
59
46%
46%
46%
48
47%
48%
LOW AND
share
46%
(S S) Co
(S H) & Co
Feb. 3
Feb. 1
Oct
40'4
Jun
Sep
67
Jun
25
15
Dec
26 Va
Feb
6
19%
Sep
34%
Jan
Nov
30
Jan
173/s Jan
2 6 3/8 Feb
19% Feb
4
11%
52 % Jan
2
41
Sep
60 'A
46
Feb
6
32%
Jan
55
27
Feb
21%
Nov
30:
Feb
108%
Dec
108'
Feb
15%
Feb
29
Jun
Jan 14
Jan 27
Jan 14
Jan 11
Jan 16
Jan 11
20
Jan
82
Dec
100
Aug
261
Oct
46
96
Dec
101
16%
75
29%
97
34
48%
85
33% Feb
98
3
Jan
$ per share
$ per share
Sep
62 % May
Oct
65 % May
Feb
4
Jan
3
43!
Range for Previous
Year 1946
Lowest
Highest
$ per
Sep
Nov
43
50
$ per share
Par
Shares
Jun
May
33
Range Since Januarv 1
EXCHANGE
the Week
Feb. 7
Feb. 6
$ per share
Dec
45'
59
Lowest
Aug
5
Feb
39
45% Jan 27
STOCK
YORK
Apr
May
115
22% Jan 16
STOCKS
NEW
Sales for
Friday
Thursday
Feb. 5
$ per share
18%
45
7
107% Jan 21
No par
No par
(The)
Co
PRICES
Wednesday
$ per share
Feb. 1
$ per
HIGH SALE
Tuesday
Monday
Saturday
47 %
preferred
Inc
4% series
Co
Koppers
33
Co
R)
(G
Kinney
98
4
13% Jan
2
44% Jan 22
40% Jan 23
No par
100
1
No par
10
100
10
Kimberly-CJark Corp
4 %
conv., 2nd preferred
97:4
•i'
Wire Co
Keystone Steel &
36
3
23
21% Feb
5
1
(Julius) & Co
Kelsey Hayes Wh'l conv cl A
Kayser
*97%
>$/
City
Oct
28% Feb
55% Jan
1
No par
No par
Southern
non-cum preferred--
Kansas
18% Jan 24
22% Jan 16
49% Jan 13
15% Jan 14
23% Jan 4
10
No par
100
Furn
&
Stove
Kalamazoo
$ per
share
share
Highest
$ per
share
L
6%
6%
6%
7
6%
13%
13%
133/4
14
*13%
42
42%
41
41%
Feb
3
5%
Sep
14
Jan
9
11%
Dec
13
44
Sep
—No par
40% Jan
38
(The)
Nov
Bryant
preferred
No par
50
5
3
1,200
La
41%
41%
41%
41%
41%
42
1,600
Lambert
14%
40%
13%
133%
7,200
Lane
55
55
55
42%
Consolid 6%
14%
14%
13%
55
55
55
*54
55%
29%
55%
55%
55%
55%
53%
54%
543
4
54%
55
I,200
Lee
29%
29%
29%
29%
30%
29%
29%
29%
29%
29%
29%
4,900
Lees
99 %
99 %
*99 y4
99 3A
99%
9934
99%
99 %
99 %
99%
9 9 3/i
993/4
2,200
•
53%
13%
1
13%
13%
14%
54%
54%
55
55
600
Co
4%%
Rubber & Tire
& Sons Co
(James)
3.85%
cum
preferred
11%
:
;•
11%
11%
11%
11%
11%
11%
1134
11%
11%
11%
11%
5,200
Lehigh Coal & Navigation Co
413%
/;•
41%
41%
41%
40%
41%
X3934
40%
40
40
40%
41
3,500
8%
2%
8%
8%
8%
8%
834
8%
8%
83
0
8%
8%
8%
15,500
Lehigh
Lehigh
23%
2%
2%
2%
23/4
2%
2%
2%
2%
2 5/8
2%
11,500
63
*28
/
22%
*23
22%
49%
23%
*28
223/4
S'%
*7%
8%
8%
8%
8%
8%
1,000
50%
49%
49%
49%
49%
49%
50%
6,000
Portland Cement
Valley RR
Lehigh Valley Coal
Non-cum preferred
$3 non-cum 1st pfd
50c
non-cum
2nd pfd
Lehman Corp (The)
23
22%
23 %
22 %
22%
22%
22%
2,100
Lehn
24%
23%
243/s
24%
24%
24%
243/4
4,300
Lerner
57%
56%
56%
57%
58%
5,200
10 %
10%
10%
10%
10%
18,500
49%
23
*28
223^
49%
23%
%
22%
ic
$
8%
8%
48
48%
48%
49%
22%
22%
22%
223/4
24
24
23%
24
24
56%
56%
56%
57
57%
56%
10
10
10%
JO
10%
10
32
31%
32
32%
32
32
94%
933/4
64%
94%
93
93
*7%
'&>
I
:2. ,56%
■:W *31%
*93%
&■',
8
94%
94
*187%
189
*41%
v
43
-
933/4
*188
*413%
8%
49
*22%
*31%
94%
1883/4
94
94%
188
94%
188
93%
188
94%
188
43%
42%
42%
*41%
43%
*28
22%
31%
*93
49%
*28
49%
223/4
*223/4
23%
2,100
*41%
44
*42%
45
100
51%
50%
52%
52
54%
53%
56%
9,500
Lima
55%
55 %
55%
553/4
553%
56
55%
56
1,400
Link
46%
46%
46%
46%
46
46%
46
46 %
45%
45%
46
4,500
Lion Oil Refining
30
30
28%
293/4
29
29
28
28%
28 3/i
283/4
29
1,000
109%
*106%
120
100
Liquid Carbonic Corp
3%% preferred
Co
84 34
18%
19%
12,300
Lockheed
26
26%
25%
26
25%
253/4
25%
26 3/a
26,200
Loews Inc
77%
78
78%
79
79%
19%
1S%
79%
79%
79%
78%
79
2,700
213/4
22
22
223/a
21%
22
21%
213/4
21%
21%
21
22
2,700
1
No par
Lone Star Cement Corp
No par
Long Bell Lumber A___——No par
21
21%
21%
20%
21
203/4
21%
20%
20%
20%
21
5,500
Lorillard
50
21%
f.
*97
-
!:
,
:;f
17%
29%
169
*29
170
29%
170
170
29
29
s
250
'
Louisville
3,500
Louisville
51
513/s
50%
51%
50%
50%
493/4
503/4
51
53
22%
22
22%
22%
22%
22%
23%
22%
23%
23%
24%
II,700
98%
97%
97%
*97%
98%
*97%
98%
*97%
98%
10
18
17%
173/4
17%
17%
17 3/8
173/4
17%
*97%
17%
For footnotes see page
.
827.
$
18
3,800
'
Co„
preferred
300
50%
98
7%
Corp
—
Gas
.
&
El
& Nashville-
Steel
Co
102
Nov
Jan
22
33 % Jati
96% Jan
2
10
Oct
15 Va
Apr
16
28%
Oct
37%
Jan
92% Jan
22
98 % Jan
2
Jan
2
188% Jan
30
43
Oct
4
183
Dec
185
Jan
16
42% Feb
66
65%
Apr
Jan
7
37%
7
56% Feb
3
44
Nov
88
Jan
16
47% Jan
7
2734
Feb
48%
42% Jan
26(4 Jan
13
30 % Jan
9
x453/a
11
109 % Feb
4
16% Jan
16
19% Jan
22% Jan
13
26% Feb
27
793/4 Feb
102% Jan
73%
Jan
16
13
.-10
.20% Jan
13
ilOO
167% Jan
G
56% Feb
Oct
72%
108
6
14
Sep
30 34
4
20%
Nov
43% May
5
18%
Dec
45%
43%
;
Nov
99
Dec
120
Aug
Jan
29
64
Jan
94
May
29% Jan
31
25%
Nov
41
Apr
172
53
Feb
7
Oct
35
16
24% Feb
7
x20
Nov
3134
1
;1Q0
18% Jan
8
166
Dec
2
Jan
23'%
24
8
14% Jan
Jan
3
Jan
16
10
Jan
22% Feb
22
46% Jan
31
Feb
Dec
26% Jan
Jan
Dec
July
97
50
97
Feb
210% Mar
Dec
18% Jan
—
Jan
May
74%
No par
A
!
Lowenstein (M) ,& Sons InC
4%% cum pfd series A
Lukens
103 %
Sep
43
Jan
51
100
Sep
83
Jun
May
91% Jan
41% Jan
No par
—No par
Co
26%
171
24% Feb
a
9
38
26
29%
Apr
7
26%
*169
15 %
7
253/4
29%
Oct
7
18%
171
a
44 % May
17%
29%
Nov
63
Nov
18
>169
18'A
9
21%
120
(P)
9
22 % Feb
17%
Aircraft
Apr
Jan
9 % Jan
24
Jan
33
*106%
29%
19
38% May
65 7
18%
170
9
Oct
109%
170
Jan
64
7
2% Jan
Oct
17
*29
5%
Jan
8% Feb
16
21%
18%
29%
Oct
13
2% Jan
41 Va
18%
171
Jan
2%
49%
6% Jan
7
13%
*169 /
May
17 %
6
109%
'.V„%2g
55 3
Sep
Jan
18%
21%
Sep
6 %
50% Feb
*106%
•
34 >4
4
9
24
*106%
120
31
44 % Jan
No-par
Wks
51%
56%
Jan
11% Jan
16
No par
Locomotive
51%
17%
13
Jan
39
No par
Corp_
55
Nov
10% Jan
7% Jan
25
100
51
--
44% Jan
25
B
Lily Tulip Cup
Sep
Apr
Apr
82
10 %
31
55
>107
4
5
Corp
50%
109%
4
993/4 Feb
10 3/4 Feb
55
46
30% Feb
1
15
49%
.28 3/i
31
9% Jan
Preferred
Belt
15
Jan
99 % Feb
102 34
5
Liggett & Myers Tobacco
Series
Jan
29
Glass—No par
7
Life
30
50
58% Feb
700
2,800
Sep
13
700
93
Dec
49
Jan
32'%
189
52
55
Jan
92%
x92%
3
30
143/e Jan
50
*31%
*188%
3
Feb
56% Jan
22
x92Va
943/4
15
29
Oct
20%
1
Llbby McNeill & Libby
Savers
Jan
31
13%
No par
Ford
Owens
12% Jan
53
Jan
May
No par
Corp
Stores
Libbey
Corp
Prod
31%
189
94 %
Fink
&
100
10
25
50
No par
50
No par
95
>188 %
Jan
14 %
68
14,400
13 3/i
14%
*
;
7
21
63i
13%
55
143/s
13
6%
13%
6%
*53%
.
5% Jan
12% Jan
6%
13%
6%
*13%
9%
Light Co
4
pid—75 Pesos Mex
Gas
Laclede
6 %
14
6%
14
99
Jan
xl8% Jan 30
17%
2434
Sep
197
32%
Jun
Jan
Aug
Jan
wmtfffiTt -,'-i
,•■tmsmmmsmmmmm——
jmt
g-wtomnaewi Kruwrtw—WIMUIUM
• uu n
tmmx^mwim^-wcae..
■
Volume 165
rNumber 4567
THECOMMER.CIAL&FINANCIALCHRONICLE
823
HEW YORK STOCK/RECORD
LOW
Saturday
Monday
Feb. 1
Feb. 3
$ per share
AND
HIGH
Tuesday
SALE
Feb. 4
$ per share
PRICES
Wednesday
-
$ per share
$ per share
"
stocks
Thursday
Friday
Feb. 6
•
Feb!
Feb. 5
$ per share
$ per
-
.
Sales for
Range for Previous
NEW YORK STOCK
the Week'
-
7
EXCHANGE
share
Range Since January J
Year 1946
Lowest
Shares
$ per share
Par
Highest
S per share
•
Lowest
" "
$ per
;
V"
/•
Highest
: ■
shark
I per share
M
*37%
38 V2
*145
153
*37
38%
*145
38%
153
'38%
*145
*37
153
.
38%
*145
153
53%
53%
53%
-
54%
535/8
54%
39%
39%
39%
,
39%
39%
39%
*107%
39%
108 Va
108 %
108%
1075/e
14%
14%
14%
141/2
15
15%
19
19
17%
*1075/8 108
17%
*415
520
-
11
15
15
*415
18%
18%
18%
17%
17 5/8
17%
17%
520
*415
520
11%
12
113/4
13 %
13%
13%
13%
303/4
303/4
31%
32
4%
4%
4%
43%
*43/8
27%
27%
27%
27%
26%
8%
12%
8%
8%
8%
8%
*11%
113/4
115/a
12%
31%
32%
32%
111
*109%
110
31%
32
31%
17%
17%
58%
58%
32%
33
*187
315/8
195
48.
31
*187
48%
*104
1043%
*95%
96%
11%
11 %
11%
46%
46%
46%
*110%
112.
95%
46 %
32%
.'321/4
32
19%
60%
28%
105
113/s
47%
105
ll3/8
105
*38
*31
32%
31 %
56
*55%
56
55 %
39%
393%
*104%
108
39%
40%
*104'%
38
40%
109
31%
195
*96
97
11%
*46%
47%
30%
107%
*55%
30%
*55%
56%
40
40 3/4
40%
41%
*104%
106'%
*104%
23%
24
30
30
22%
22
22V4
21%
22%
105 %
21%
*104
105%
104%
104%
*104 3/4
23 %
23%
73
18%
18%
*45
23%
23%
*99
45
59%
60%
180%
*45
47
*107%
109
15
*100
15%
36%
35%
36 %
41
41
153
12%
12%
64
14%
12j/4
13 Va
64%
114%
65
113
113
*57
58 »A
58%
10%
10%
10%
*111%
1113/4
111%
1113/4
32%
32%
32%
.32%
7.%
7 %
7%
23%
24%
11
24%
46%
47%
12%
12%
62 %
II414
58%
61 %
*125%
60%
47%
47%
12%
*30%
63%
62%
62%
62
128%. 128%
24
128
128
61 %
62
62%
*61%
62%
*62
*48 %
24%
54%
54%
54%
5434
54%
*54%
50
49 %
50
*49%
50
50
2334
27%
27%
46%
47
46
17%
17%
*106
108
14
14
37%
37%
112
112
14%
14'A
2,100
14
13%
12%
62%
24
24%
57
50
13%
62
-
114%
57%
57%
573/4
583/4
900
11%
12%
12
12%
23,300
1143/4
114
32
243%
47
xG2
12%
62%
20,800
59%
-
1,800
623/8
.
preferred
17%
24%
200
$2.50
Mdrrell
49Vb
49%
49%
600
23%
23%
233/a
23%
24'A
4,600
Motor
26%
263/a'
26%
2,400
Motor
46
46%
46
46%
46
26%
46
46%
46%
1,200
Mueller
Brass
183/4
7,600
Mullins
Mfg Co
37%
38
*110
%
38
112%
143/s
18
17%
14
112%
108
14 %
38 %
*112
17%
*106
14%
38%
38%
*
111 %
112
14%
14%
14 %
14 %
14%
43%
*43%
44%
*43%
44%
*431/4
44%
55%
55%
*55%
58
*55%
58
*55%
58
LOW
Saturday
Monday
Feb. 1
AND
Feb. 8
HIGH
SALE
Tuesday
175/8
*107
14%
38%
38%
13%
32
Feb
1
55
118
71
443
Dec
122
1073A Feb
7
102%
Sep
46 % May
23%
Sep
48%
Apr
44
Sep
39% NOV
69
Jansa
56V2
4
6
103
Jan
29
102
Dec
6
20
Nov
35%
Apr.|g„
22
Oct
36
Jun
Jan
2
213A Jan
16
243/4 Jan
28
Jan
14
31% Feb
18
Jan
16
22% Feb
14
1043/4 Feb
103% Jan
47
Jan
31
22% Feb
50
30%
18 3/a
Sep
Sep
43% Oct
263A Nov:/-
4
25% Jan
16
245/8 Jan
18
Oct
35%
29
72
61
Nov
105 Vs
17% Jan
10
19% Jan
28
18%
Dec
32% July
43
Jan
14
47% Jan
3
36%
Sep
52%. Apr
59% Jan 16
65% Jan
10
54
Sep
97% Jan
,3
43% Jan
6
Jan
6
105
>10
34% Jan
20%
Jan
47% Jan
108
15% Feb
39
Jan
2
42% Feb
14
7
104
14 Va
58
143/a
11,500
43%
14%
43%
44%
400
58
100
*56
343/4 Jan
149
,100
,
'
113Va
Nov
Jan
93/4
7
7
1143/8 Jan
30
105 %
45
Feb. 6
Feb. 7
$ per share
NEW
$ per share
|
59% Jan
7
•40%
Apr
-60
2
12% Feb
7
8%
Oct
1:18% May tf
100
7
28
Feb
3
25% Feb
51% Jan
7
19
45
8
Jan 15
Mar'
.'44
May
Jan
;
52
Jan
rf
70
"Apr
473/4
Oct
2
42
13% Jan
6
113A
DeC
'2
30% Feb
4
28%
Dec
553/4 Jan
16
633A Feb
3
'43 %
Sep
119% Jan 16
128% Feb
4
Feb
7
•'
Dec
16
Jan
55% Jan 16
64
Dec i i
129
Sep
Sep
5% Oct
10% Jan
45
Apr
64
_10
Dec
< >
I
Dec
Dec
65%
Dec
•307/8
Apr
3
243A Feb
20
Nov
Jan
7
543A Feb
50%
Sep
40
Nov
62
56
" Jan
44
Jan
16
50
18
Jan
13
24% Feb
15"%
Oct
34%
16
273/4 Feb
19
Oct
36
13
49
34
Sep
Jan
42
Jan
15
14
105 Ve Jan
15
106
10
Jan
22% Jun
27% Aug f?:
49
May ;A:!
114% Jan
13%
Sep
3
323A
Oct
108%
Jun
14% Jan
29
11% Jan
3
2
44% Feb
6
56
9%
29
50
Jan ;|f:
22
Oct
55%
Dec
Feb
70
33% Nov
7
Jan
'
109%
29
5
c
Feb
Oct
Jan
37% Jan
Jan
102
Jan
40
112
14
54
50
6
Jan T:
May
66% May
14% Sep
Jan
14% Feb
36% Jan 22
109 5/8 Jan
Feb
183A Feb
8
Jan
13
No par
>
i
Jan
213/a Jan
100
f]
104'A May m
57%
20 3/a Jan
53
■
Jun
.
135%
111% Sep
:
\l
t
43% July
65 Va
1
—
6
34% Jah
13
28
1
_
114% Feb
14
Jan
6
19% Jan 13
No par
_5
_
13
303A Jan
.
-100
—"20
i—1.25
No par
In6
Jan
104
.No par
com
YORK
26% Mar
88V4v Apr:
119% July
Dec
15
Jun
|
Range for Previous
STOCK
Year 1946
Range Since January 1
EXCHANGE
the Week
'■
9 % Jan
—
Sales for
Friday
44%. Dec
Oct
'
Jani )
July:]
178
.
Oct
13% Feb
66 % Jan
8
.
STOCKS
Thursday
Oct
16
58% Jan
62%
NOV
,•
.40 3A Nov
55% Jan
class B__.
—
140
Apr |
1
—50
-No par
Inc
32
3
4
Jun;/:
INo par
1N0 par
preferred.
Murray Corp of America
4%
preferred
Myers (F E) & Bro
4
Feb
153
•
48% Feb
45% May a
10% Oct
31% Feb
14% Jan
10
■12% Jan 15
10
Jan 13
111
.,100
16
Jan
;
■
' May : V
77
61V2
397/a Oct
29
Jun;;;
Jun
110% July
Dec
97
30
Jan
Oct
•
100% Jan .16
13% Jan 16
rNo par
—,
4%%
Aug:;
57% Aug
67'A Jan
pfd-100
A
.
;
Apr
107%
103
Feb
Jun -4
108% Mar
20% Jan
1
Murphy Co (G C)
Apr
30
Jah
Co
Munsingwear
10
Apr '-H
May 4,
44
...No par
—5
3,500
111%
t
Mar
55% Feb
5
Corp-
39
38%
May;
Sep
Sep
Oct
nly
353/4 Jan 16
5
preferred
$7
Jun
50% Jan 14
-No par
81 Co
1,300
Nov
17
.-18
Corp
PRICES
$ per share
13
—10
14%
*110
43 %
*55%
108%
14%
112
*111%
Feb. 5
$ per share
175/s
108
14%
Wednesdayi
Feb. 4
$ per share
17%
*106
(John)
<
97
No par
1
series'A
Products
Wheel
j ;
Nov
; May
70
112% May
No par
pfd
cum
26%
108
-383/a May
204%
1
Ltd
Moore-McCormack : Lines
4,000
23%
17%
27% Jan
$3^25 preferred series A__No par
Montgomery Ward :& Co
No par
Installment rets 75% paid
26 5/8
14
Oct
Jun
'25
20
Monsanto Chemical Co common—5
24
*106
Jah
500
24%
Jun
Apr
48% May
42
7
39
23,800
27%
17%
Feb
7
1
Monarch Mach Tool—
23 %
14%
101
31
15
10,800
56
*54%
Feb
30%
50
Mohawk Carpet Mills—
Mojud Hosiefcy Co lnc_
300
27
108
1334
45 Va
•75
5
Corp—
' 7preferred;
Jan
Apr
:n
Dec
45 Va
23
Jan
Inc.—
pfd
27%
%
20%
112 Va Mar
111
48% Jan
No par
series
Min & Mfg-—
Mission
Jan
<57%
:
■
93% Dec
9% Oct
113/1 Feb
37% Jan
64
62%
57
49%
Feb
Jan
Petroleum;
23%
•
>
Nov
243A Sep
Jan
Jan
1st preferred
conv'
Jan
,
4 14%,Feb /
•45% NOV
103
50
122
122
24%
*54%
97
8
.195
Feb
113
1
Mvo-Kan-Texas' RR——
4,300
31.
cum
'<$6.50
4
*63
24
105
25
Minn Moline'Power Xmpl
440
12%
'
!
Minn
2,300
48%
■
8%
•3\20%
14,000
25%
48'A.
62%
240
7%
*30
129
61%
33
7%
245/a
"48
*125
114;%
"
32
7%
23%
6
13
Minneap & St. Louis Ry newiNo par
Minn St P & SS M A ytc_—iNo par
Minrr-HoneywelP Regulator—i——3
4,500
*113%
7%
23
20
44'A Jan 16
26% Jan
7
100
Midland Steel Products,
6,500
64
13%
63
1143/a
12%
*41%
$ per share
133/4
.27%
10
Jan
Jan
-
Mid-Continent
Jan
49% Feb
46
Co
Copper
46% May
'
preferred
47
*106
14%
133/4
.
33
xl09% Jan
*
Trans. Co
cum
26%
-
*62
24%
23%
20
114
Min
Oqt
Sep
>31
Sep
12% Oct
f48
Sep
6
2
Co
.Machine
Miami
1,100
30%
62%
Mesta
3,300
41%
153%
123/8
*62
24%
23%
37,%
40 3/4
30%
62%
Stores
30%
7
1
Robbins
;
,
16%* Apr
141% Oct
,2
190
,:2
103 % Jan
No par
Metropolitan1 Edison 3.90 %
8,100
Jan
a4
30% May
xl09.
6
63% Jan
35% Jan
44% Jan 24
McQuay-Norris Mfg Cot—_
>10
Mead Corp.—
No par
4%% preferred
100
4%
2nd preferred
50
$3.50
300
15%
36%
36%
32%
128
24
26%
14%
31
61%
24
*53%
47%
12%
30%
46;%
187
Jan
19% Feb
30'A Jan 22
28% Jan
3
102
&
34
■
Apr
,17% Sep
526
Aug
m Dec
Jan 27:
13
Merck & Co -5nc_
109%
15
32
12 %
46
*108
*150%
7.5'8
30%
127%
Sep
53% Sep
;n
411 •'
16
26
4
34% Feb
a
Jan
4111%
NOV
».42%
1
13% Feb
•
20
30% Jan 24
No par
1
103
*100
46%
Jan
Jun
,.,,,465 './May.
4
'8 % Feb
Jan
preferred
Merch
27% Teb
-*
.763/4
,
4
'tH
Jan
Co—
Mercantile Stores Co
2,100
41%
32%
24%
60
153%
7%
12%
613%
160
8% Oct
■
4
Feb
.
10
Shoe Corp—
Mengel
Co
(The)
5% conv 1st preferred
400
363/8
*40
58
24
44%
7
5
94
Co
Pub
&'
13% Feb
No par
No par
Melville
4,000
*150%
32 %
24%
4,300
109%
14%
7%
30
127
103
*46
*107%
32%
12%
*60. %
*100
114
30
62%
59%
-
3,700
•19
59%
12»/fl
12%
62%
;
32 3/i Feb
143AJan
<
600
"73
59%
114%
47%
Dec
Juh
No par
:
11%
24%
513%.
14
;53 % Jan 16
.No par
Electric
McLellan
-
7,300
10
235/8
23%
*70
*44'A
X112%
7%
17% Jan 30
29% Jan 22
.100
Mclntyre Porcupine Mines
2,400
3,400
24'A
23%
23 %
45%
11%
32
47%
23%
73
*44%
II41/2
■
T.
6
3% Jan
109
——5
preferred
-McKesson
$4
49%
*48 3/4
18%
11%
8
106
*103%
49%
•
22%
x21 %
22%
183/4
13
571/2
31%
106
11%
63
1143/s
303/a
22%
113%
25%
47%
13%
63%
30
*29'
42
153 Va
14
*13%
114%
*57%
36%
41 Va
14
62 3%
*113
58%
36 Va
•
*150
24
23%
15
42%
12%
.65
114%
•46%
109
14%
151
1334
103
46%
36
151
1334
*100
*107%
151/4
41
153
14
45
233%
30%
*67%
61
46%
35 %
41
14
45
24
*48%
19%
60%
103
143/4
153
*150
181s
107 5/8 ' 109
15%
.
73
45%
*45
*
23%
61
,
*100
46%
23%
*67%
19%
60
109
15
36 3/s
*40%
*44
103
*45
*107%
22%
23 Vs
73
19%
45
60
50
23 %
*67 %
19%
45%
60
50
23 %
22 3, i
73
18%
49%
22 %
23 5%
*70
,16%
/19% Jan
:25% Jari 13
7% Jan p2
11% Jan 25
No par
Stores,
-McGraw-Hill
105,%
56
Co
preferred
McGraw
8,000
*53%
30
24
30%
30%
40%
23 %
23
P X17% Nov
6
/15% Feb
.
Jan 16
27
..
Corp!
—*
McCrory Stores Corp
3V2 % conv preferred,
400
106 >4
23%
*68
1
106% OCt
;12% Sep
2
No par
$6. 1st cum preferred
60
39,
30%
395/8
30 %
*23%
7
12% Jan
>
+Nopar
•McCall
4,500
1073A
*104%
103
49%
10
1,000
2d0
30%
48
200
1,600
31,
30%
& Co
$3.40 cum pfd
Maytag Co
$3 preferred
_
23%
48
47
*37
Elec
$3.75
2,400
46%
107%
39
Field
May. Dept
200
11%
46
No par
Mathieson Alkali Wks
*110%-112
29%
*37
233/8
*104
413A Jan
10% Jan 13
12 Va Jan 14
No par
—t
950
97
*46%
46
30%
48
42% May
-
38% Oct
,37% Nov
;
108% Feb
16
14% Jan
—-..I
Master
.
1,%
105
11%
111
46
30
105%
Dec
7
-
17% Jan 16
Oil
4,300
49%
*96
11%
111
30
48
•■! Sep
140
13
.50
—-
4,/oo
31%
104 %
29%
*104
•
t^U&OO
195
104 %
*106%
56
31 %
*187
39
31
33%
'
104 %
23%
20%
13% Jan
;
4—.—1
preferred—Ai-ys
Martin (Glepn L) Co
Martin-Parry Corp
r Masonite Corp—>>,
;
1,400
2,100
»48 %
23%
21%
No par
—10
4% %
8,000
49%
23%
20
1
Marshall
4,900
19%
59%
48%
30
'31
33/%
18%.
33
107
40%
*104%
46%
28%
55 %
38
323/a
107
31%
*55%
39%
10
59'/4
*37
107%
39
32
112
45 »/2
28%
*105
38%
30%
31%
*187
11%
47%
*110%
46%
28 %•
97
*46
*110%. 112
*46%
105
97
1,670
33
49%
104 %
11%
28 5%
?32
9
Jan
•55% Feb
•107% Jan.*8
Shirty——:
Exploration
/Marathon Corp .a
:—.—.—-6.25
/Marine
Midland
Corp
.Market St Ry- 654-prior pfd*-UilOO
11,600
18%
*32%
195
49
*
97
46%
•
*187
49
13%
34%
Manati
Maracaibo
11,400
109%
123/4
"32
31%
195
*45 %
140
520
.
Manhattan
3,600
.
8%
33%
<60
31%
112
23%
32
18%
27
109%
335%
110
*59%
313/s
11%
>38% Jan
13
Jan
43
Jan;" 2
37% Jan 13
:
'
Sugar Co
t-Mandel Bros-,-,—
3,100
13%
33
?
1,100
5
<8%
*109%
19%
31%
96
>—100
Copper,—--a,
Magnavox Co J£The>—
Mahoning Coal RR Co.
700
33
26%
60
32%
104'%
Go- Inc
Magma
3,700
13% '
43/4
8%
*13
11%
'
263/4
8
32%
<
18%
x60
32%
'
■140
^Noyaf
——+Nopar
pfd series A.
Madison Square Garden
4,300
*32%
4s/8
26%
33%
110
33%
46%
46
*28%
1073%
"26%
32
43/a
27
*109%
96%
*110%
*46
*105
*313%
4%
8%
48%
17%
Macy (R
520.
32%
32%
'43/a
13%
*187
17%
*415
11
8%
105
17%
520
13%
12%
49%
i
17%
*415
11%
33
195
48 %
105
1,500
13%
31%
'
900
19%
11%
'
1734
145%
18%
133/4
323/4
275/a
59%'
*14%
18%
11%
33%
.
200
13%
8%
17%
17%
58% *'59
6,900
11%
'. 4%
32
40%
108%
37% Jan 25
;
i—JtOO
Mack
5,000
-39%
jJtForbes
-
6% preferred. A—
Trucks sine—
;
55.%
*107%
*13%
13%
.32
32%
520
18 %
MacAndre w*
153
53%
40
200
•
32%
33%
*109%: 110
33
;
*109%
31%
*415
113/4
13 %
30%
39%
38%
.
*145
>54%
*107%. 108%
*14%
-14%
19
17%
.
38%
153
53%
40
107%
38%
*145
54%
19%
19%
17%
ll3/4
13%
53
*37
Lowest
S per share
Par
Shares
Highest
$ per share
Highest
Lowest
$ per
$ per share
share
N
18%
19
18%
18%
18%
19 Va
18%
*28%
29
19%
28
29
28 %
28 %
28
2934
29%
30
29 %
293/4
: 29
14%
15
14%
13%
13%-
133/4
13%
13%
133/4.; 14
15%
15%
1'53A
15%
15%
26%
*25 %
26
15%;; 15%
26
26
31 %
32
31 %
31%
31% .'32
*1803A
195
*180%
29%
143/e
13%
15%
*25
143/4
13%
15%
26%
31%
*
31
182 %
195
24%
%
24%
13 %
13%
14%
133/s
15%
153/4
15%
*25
26%
313/8
*182
*25
32
195
*24%
31 %
32
*182
25
195
25
25
29
14'A
*25
28
29%
14'A
19
28
Va
18%
133/4
25%
195/a
44,300
28%
28 %
29 %
600
Nashville
Chatt
&
29%
x285/8
6,300
National
Acme
Co
14%
*25%
143/4
14'/8
f.
•
1
-■8,200
200
National
25% ' 25%
500
13dA
13,300
13%
13%
13
13%
13
13%
13Va
13%
40
39 %
40 %
13%
40
40 3/a
393A
40
14 Va
14%
395/8
13%
40%
40%
403/4
13%
133/4
13%
14%
3,600
14 %
14
.
38%
38%
38 %
"39
38%
16%
16%
16'A
16%
16%
32s/8
32'A
323/4
32%
34
-13%
19
19%
19'A
20%
20%
20%
41
.
24
:103%
*34
'187%
165
7%
27%
*52
1%
41
40 3/4
*19 V2
'387/a
.
*19
20%
.403/4
21'/a
40
243/4
24%
104%
104%
104%
343/4
34'A
34%
40%
103 %
34%
25
24%
1883/4
*187%
188%
*
168
*166
168
25
1033/4
35
*166
7%
*7 Va
187 %
38%
383/8
;38%
38 3/4
393/4
Xl6%
183/8
i6%
;• 165/a
'33%
34%
333/4 b 34%
10,100
19%
18%
19%
4,000
21 Va
'519%
:20%
215/a
40%
*38
18%
.
207/a
*39 %
23%
24 Va
*104
104%
34%
34%
393%
25
343/a
*187 %' 188%
187%' .187%
*166
166%
7Vt
168
*7Va
27%
27
-27'A
27 Va
28
27%
52%
525/8
52%
53%
1%
1-%
1%
7%
52%
.
343/4* 35 ;
187%,, 187%
35%
27%
27
52%
-
166%
7%
52
165
7%
•
27%
1%
13/4
87%
87%
I'3/,
88
89%
89
893/j
89 %
'89%
28%
28
89
28
275/a
27%
•*27%
52%
!•%
; 52%
l%r. 13/4
1%
89%
275/a
27%
15%
15%
15%
14%
15%
17%
I 14%
15
18
18
18
14%
173/4
*175/8
17%
17 5/8
17%
93%
93%
*93%
94
93%
89%'
14%
18
*28%
16%
29%
16%
*93
93%
*28
29
16
*28
29
29
.
*51
'
15
93
7%
28
160
5,600
40
2,300
29%
*28%
90]
273/4.;, 273/4
■! 15 %
275/a
14% ;
175/8
18 *
700
500
:
1,700
93%
93%V94;
160
29
283A -'.283/4
400
16%
15%
16
15 3/4
12
11%
16
16
11%
163/4
*11%
12
12
*115/8
12
23
23
225/s
22%
*22%
225/a
11% >' 11%
22 3A lJ 22%
17%
17%
17%
173%
-106%
108 %
*106%
33%
108%
*104
105
JO8V2
17%
*106%
*32%
34
323A
103%
105
*103%
For footnotes
see
17%
108%
32%
105
page
17%
*106%
*323/4
*104
•
108%
33%
33
105%
104
16
33 %
104
16
18
18% a i8%
106% 106%
„
33%
*33
*104
.J 33%
105 '
50
Co
Steel
-100
preferred—Tea
Co—
'
Natomas
Co———
,
43A%
conv
.
—10
-1
No par
serial .preferred!—100'
Newberry Co (J J) common.No par
3%% preferred—
—100
827.
/'"
'--4
Corp--
Nat Vulcanized Fibre Co
1,800
500
Products
Oil
JSfehi 1, Corp_^
——
No par
Neisner Bros Ihc ney—1
1,400
10
4%%
National
600
*22%
17%
Jan
16% Jan
Jan 46
14
.13%
Sep
Dec
Feb
.7
203/4
Oct
Feb
3
25%
Oct
Jan
25% Feb
28
133/4 Feb
7
13
32
17
185
26
.
10
12
160%Jan ;2
6% Jan 16
23% Jan 44
10
7
10
Jan
13
24
13
:i53/4Jan 23
30
Jan 23
,16% Jan 13
; ; 17% Jan 16
37% Jan 23
21% Jan 16
103% Jan A6
.31% Jan ,16
' 183% Jan ,6
143/4 Nov
6
Feb
15 % Jan
13
Jan 15
Jan, 13
182
—10
No par
:
-1
-1
—-29
National Sugar Ref Co
No par
National Supply (The) Pa———10
$2 conv preferred—.—40
•,
4,600
*11%
23
*17%
Jan,i|
Jan
Sep
Jan
23
Jan
11% Jan
' 34
Jan
13% Jan
32% Jan
—100
No par
National Power & Lt ex distribution
10,800
23
fe10G%
25%
52 %
413/4 May
!
34% Jan ; ;
20 Va May
J
.'27
Cylinder Gas' Co—:—--1
Dairy Products—
No par
National Dept Stores.;
-——5'
National Distillers Products
No par
Nat Enam & stampingNo.par
:National Gypsum 'Co>>
—">1^
$4.50
conv .preferred
No par
National Lead Co
,
.—110
'1%' preferred A
—J100
'6%
preferred B—
-100
National Linen Service Corp nefri-1
Nat Mall & St'l Cast Co
No par
national
3,500
12
'
Oct
Oct
27
13
Nat
National
15,200
223/4
'
.
13
,23
6
41% Jan
,
1,400
7
7
30
180
28 3/4
34%
Nov
■
,-rwimh.-
!
32 3/4
9% Nov
213A
Apr
Feb
1
7
Nov
45 V2
Jan
it
14% Jan
7
39% Jan 30
13
Oct
243/a Aug f t
40% Feb
22% Oct
24
383/a' Deo
Feb
15
Oct
23
3
30
Sep
45'A
Apr
8
15%
Nov
34%
Jun j I
Jan
.
20% Jan
,
223/s Jan
.
41
31% Nov
Jan : 3
16%
.25% Jah ; 2
105
'.102%
/0
Jan
-
35% Jan
27,
-9
178
189% Jan, 30
167
Jah, 28
'
28
31
Jan 31
•
/!% Jan :; 2
90
: 27% Jan 43
28% Jan
46% Jan 17
92%Jan 29
24
Jan 13
15 % Jan 20
ll V8Jan
3
20% Jan
2
16% Jan 15
106% Jan 46
-31% Jan 17
102% Jah 18
Feb
173
15% l eb
18
Feb
16%
943A Jan 18
89
29% Jan 24
21%
16% Feb
42.
7
Jan 24
-
-
143/8 NoV
>10*/«
16% Dec
104
Dec,
j
Jan ;i
-
t
[
24% May
15
Sep
7
13
w
42% May
Oct
18% Feb
Jan
Jan
.
106% Mar
18% Oct
104
32
.
1
1
106 Va Jah 16
:33% Feb
5
I
25
Dec,
Nov
Feb
.23
Feb
72%. May
£%' Sep |
101%. July i i
38
Apr :j
Sep
25% Dec
11% Nov
3
'1
I.
I ],
j
41%
20% Oct
•T% Aug
10
,
•
Apr
10% Aug
Oct
6% Nov
75,
:7
|
i
!
40% Apr
207
July
Dec
!
f
Jan ;
33%
IO8 V2
.'41% Sep
53% Jan ' 6
i
:
Jun
Oct
Oct
Sep
XI49,
'
7% Jan
Aug
'
32% Aug
673A Jan
197/a Nov
.2
; 79% Jan 16
; 123A Jan 13
hj
17% Jan ~6
38
Jan-20
,~1% Jan ;2
47
|
f
J
31
7
•
;
Jan .p.
Apr
37% May
205'A Apr
;
*27%
93
.
900
20
165
7%;-
27%
34,600
l95/a Feb
29% Feb
-14
24
National
,
13,500
I03%ffi04^2
104%
168
54
13A
39%:
233A;i
188%
7 Va
21%A;'213A
40
233/4
23%
*104
,19.
Cash
Register—:
Nat City Lines Inc_
National
Cohtainer-—
Nat
.
4,700
34%
preferred——
Bond
Share'Corp
National Cam Corp—-"
13,509
16%
33%
'
7»A
13
16%
,
193/a
21
133/4
38'/a.
16%
32
i
Nat
11,600
*14%
13%
.-^1
Inc_-————1
.7%
2
Jan 13
273/4 Jan 13
^1
Fibres
Jan
25
,100
Corp.-—
-S
Battery Co—
——4
Biscuit Co common—-10
National
17,700
26
St LouiS
Aviation
National
*180% 195
'25%
Automotive
Nat
14%
5
Corp
Airlines—
National
.
11,300.
1,300
I
195
*25
29
393/4
!
Nash-Kelvinator
18 3/4
„
t
Feb
323A Jan
22
"
; i
r
Sep
;
1097/a Aug
>:
25% Nov
ty 43'A May
103% Nov
110% May
WMEWfr'J«.
^ffW
;• *
.'
-
,
i;>^tiJK-iv;"^-■■;■••, ^
*»!!.;■.' .*■■
,
:
'<:vi:',,i:^#^;:'
■■"
.
t
Monday, February 10, 1947
CHRONICLE
THE COMMERCIAL & FINANCIAL
•■
i: m
NEW YORK STOCK RECORD
Range for Previous
STOCKS
:jw,
Monday
Saturday
s>'
20%
■■>1
*44%
I
■■$
f-
46%
21%
21%
20%
20%
.*
31%
*101
102
102
45
45
44%
35
36%
35
99
98
99
"97
18%
18%
*23%
•
18%
18%
25
*57
61
*57
280
280
280
105%
*104%
105%
12%
105%
105%
°>J"
tf
*114
20
21 %
10%
V
31%
31%
10%
115%
31%
t
;/
'■^v!
19%
19%
45%
46%
45%
217/a
21
36%
97
20%
20%
20 %
20 %
20%
*23 %
25
61
*
25
25
23 %
*57
61
°57
*285
290
'285
295
106
105
13%
41%
234%
119%
317/a
10 %
115%
*12%
13%
13
13
*40
41%
41%
41%
232%
119%
31%
9%
*114
101%
*118%
120%
20
32
31%
32 %
21,100
9%
10
9Ta
10 Vs
11,600
120%
115'/a
*114
115%
*114
51,700
227/a
22
20%
21%
102%
102
100
660
31%
*119
102 %
*101%
21%
20%
101%
1,400
243
240
241
234
90
200
105%
104%
105%
320
102 %
7,700
20
19 %
19%
is y8
19%
19%
20
43%
43%
43%
43%
43%
43 %
80
43%
12%
19%
1,200
43%
43%
12%
127/a
12%
12%
127/8
13
13%
13%
18
*18%
18%
18%
17%
18
900
18
Xl8%
18
37
36%
36%
37%
37%
500
37
373/4
37%
110%
111%
*110%
23%
223/4
18
18
Industries
1
4%%
preferred
100
Newport News Ship & Dry Dock—1
New York Air Brake
No par
New York Central
No par
N Y Chic & St Louis Co
100
6% preferred series A
100
N Y City Omnibus Corp
No par
New York Dock
No par
Dec
113
Oct
30%
Oct
50
Apr
Sep
45
Jun
95%
106
40% Jan
327/a Feb
102
Feb
21% Feb
Jan 16
Jan 13
Jan 13
Highest
$ per share
$ per share
27
108% Jan
Jan 14
Jan 13
Jan 13
46% Feb
22% Feb
37
Jan
Jan 13
16% Jan 13
22
Jan 13
61
Jan 25
280
Feb 4
103% Jan 15
11% Jan 3
40 Va Jan 27
223% Jan 22
119% Feb 5
29% Jan 13
9% Jan 16
113% Jan 4
17% Jan 13
preferred
non-cum
6
Jan 13
Jan
40%
16
32
88
No par
N Y & Harlem RR Co
50
N Y Power & Light 3.90% pfd—100
n Y Shipbldg Corp part stk
1
Noblitt-Sparks Industries
5
Norfolk & Western Ry.
100
Adjust 4% non-cum pfd
100
North American Co
10
North American Aviation
1
Northern Central Ry Co
—50
Northern Pacific Ry
100
Northern States Power Co (Minn)
Cum pfd $3.60 series
No par
Northwest Airlines Inc
10
Northwestern Telegraph
50
Norwalk Tire & Rubber
No par
Norwich Pharmacal Co
2.50
$5
61
285
21%
2,900
2,300
2,200
43%
12%
12%
*17%
45%
*12%
44
*43
I *■'
4,000
1,600
133,100
95
285
120%
31%
31%
10%
10%
*114
115%
101%
20
21%
21%
35%
127/a
102
19%
19%
102 '/a
*101
21
94%
*40%
102
102%
20%
96
42
20%
Newport
35
13
21%
20%
101%
*101%
fl
*114
Newmont
4,000
21
232% 234
10%
115%
10 %
1,300
32%
95
*104%
*119
120%
31 y«
40
31%
31%
*101
39
31%
108
37%
26%
99%
18%
4% pfd_100
10
Pr & Lt Co
Mining Corp
New Jersey
109%
*107
Lowest
$ per share
S per share
Par
39
38%
Year 194G
Range Since January 1
Lowest
Highest
Shares
share
20%
13
233
231
*119
120%
*119
109%
*107
$ per
34%
*40
41 %
*39%
41%
*39%
230% 232
KV
•i!
12%
share
20%
61
*245
13
$ per
21%
*57
61
280
105
12%
the Week
35 %
*23%
*57
:f
Feb. 7
96%
25
*230
I
Feb.«
,
„
„
YORK STOCK
EXCHANGE
NEW
Sales for
35
99
20%
*23%
25
*23%
45%
45
35%
19
Friday,
20%
22%
36
99
&
109%
39 %
32
32%
*101
102%
20%
21%
39
22
20%
21
21%
19%
35
I
r
v:
share
*107
109%
40%
32 %
103%
21%
45%
40%
40
32
31%
31JA 31%
$r.: *101
102
$ per
share
6107
109 %
39%
40 %
fcl
$ per
share
*107
109 %
40%
,<'
$ per
sliare
$ per
*107
Thursday
Feb. 5
Feb. 4
Feb. 3
Feb. 1
SALE PRICES
Wednesday
LOW AND HIGH
Tuesday
i,;.
7
Oct
109%
18% Nov
3474
Apr
Oct
69%
Jan
13% Oct
353/4
Jan
36 %
Jun
61V4 May
26
Sep
79
Sep
16%
Dec
21%
Oct
53 %
Oct
76
May
275
Jun
325
Feb
102
11%
99
Feb
20% Feb
24% Jan 31
627/aJan 3
285
Feb 5
105 % Jan 11
13% Feb 5
43
Jan
244
Jan
122% Jan
33% Jan
10% Feb
115% Jan 11
22% Feb 7
Dec
113% Mar
Nov
Jun
135
37%
Feb
413/4 May
•
28%
Feb
Jan
53
31% Oct
Nov
288%
Apr
Dec
223
129
Aug
119
23%
Oct
39%
9%
Dec
16%
Apr
Feb
Jan
117
May
16%
Oct
36
Jan
111
99
Jan
2
102% Feb
6
963/4
Dec
104%
Nov
17
Jan
16
21'A Jan
6
18%
Nov
56 %
Jan
42 % Jan
10
45% Jan
2
44
Oct
55%" Jan
13% Feb
7
9
Nov
19 3/4 May
XI8V2 Feb
6
11% Jan
27
16 % Jan
13
25
163/8 Dec
May
s
O
*37
37%
*37
111%
111%
"111%
111%
23%
23%
23%
23 Va
23%
*20%
20%
20%
20%
*20%
21
*20%
20%
24%
25
24%
25%
24'/a
25
24%
24%
111
110%
23%
*20
23%
25
118
118
25
25
25
31%
31%
31%
31%
*117
25%
*24
25%
*24
117
116%
117
*116
117
*115%
13%
13%
12%
12%
12%
12%
12
31%
31%
159%
31
20%
400
25%
11,70,0
5,800
13
12%
116%
150
25 Va
400
32%
116%
3,900
25
25
190
1063%
106
31
31%
*159%
162
20%
24%
118
*24%
31%
31%
*
21
24%
13%
13
13 %
10,200
233/4
223/4
22%
620
111
*110%
111
107
*105
107
*105
106
106
105
105
105
105
*37
162
40
161
*59%
163
*161
163
161
162
28
28
28
*27%
28
28
*27%
28%
28
*27
29
*27
92
*90
92
*90
92
*90
92
*90
91
92
91
*90
78
78%
78
78%
77
78
763/4
77%
78
78
12
12%
12%
12%
12%
12%
12
12%
12%
19
18%
18%
*18%
18%
*161
300
30
353/8 Jan
Edison Co
4.40% preferred
100
Co
77%
3,900
11%
12%
1,200
Pacific
300
Pacific
Glass
Owens-Illinois
Co
Jun
19%
Feb
29% July
21
Sep
22 3/4
Jun
16
24% Jan
21% Jan
2
Sep
203A Jan
16
25% Feb
7
13
106% Feb
7
99%
13
13% Feb
4
10%
36
15
Jan
Feb
6
xll3
Sep
7
25
Dec
51% May
39%
13
32'A Feb
7
26
Oct
163% Jan
18
158
Sep
22 % Jan
2
Jan
18
93
73 % Jan
16
79% Jan
88
Jan
Feb
23
28 % Jan
160
Jan
120
25 Vb Feb
118
18
21Vb Jan
Jun
17%
Nov
114 % Jan
Jan
112
Xll9%
Oct
10 3/4 Jan
'
18 Vs. Nov
101 % Jan
2.50
No par
12.50
Outboard Marine & Mfg
Outlet
79
108%
29
21 % Jan
100
preferred
6%
30 3A
3
2
Oil Co
Nov
9
38
13
203A Jan
No par
Oklahoma Gas & Elec 4% pfd—20
Oliver Corp
No par
4%% convertible preferred—100
Omnibus Corp (The)
0
8% conv preferred A
100
Oppenheim Collins
10
Otis Elevator com
No par
Ohio
37%
Jan
111% Feb
2
109% Jan
Ohio
Jan
28
Feb
180 % May
Jun
35
29
19%
4
86 3/4
Oct
111% May
27
69 %
NOV
100
Jan
Dec
Apr
Ifc
P
*11%
18%
18
18
18%
18%
19
*17%
*70
130
73
1st
Co
Coast
preferred non-cum
preferred non-cum
70
70
70
*66
70
*66
70
64
71%
72
353/4
*34
35
34
36
36%
36%
400
34%
37
353/4
37
34%
41 %
42
41%
42
41%
42
5,000
Pacific
Gas
2nd
Electric
&
41%
42
41%
417/a
41%
42
61%
61%
613/4
61 Va
61%
62
62
61
61%
1,400
Lighting
62
62
Pacific
62
32
32%
32%
32 %
33 %
33
333/4
33%
34%
4,900
Pacific
Mills
125%
126 %
126
126%
125%
126%
660
Pacific
Telep
2%
9,400
313/s
31%
31%
1243/4
125 %
125 %
125 %
125 %
23/a
2%
2%
2%
23/s
167%
5%
5%
*22%
*22%
23%
6%
6%
63/4
126
5%
r2%
2%
5%
5%
53/4
5%
23%
23%
24 %
7%
7 Va
7%
7Va
73/8
119,700
12%
12%
12 Va
12%
12%
123/4
21,900
*15%
16
400
43%
44
5,600
107
60
123/4
12%
16
15%
*143/4
15%
143/4
143/4
15%
15%
45
43%
44"%
43%
44%
423/4
44%
44
44
*105%
106
105%
105%
*105%
12%
12%
123/4
*15
105 %
105 %
*105%
7%
106
7%
73/8
*105%
107
83/8
'7
7%
71/4
7
7%
8%
*75
80
*75
77
76
77
77
77
*77
79
*107
110
*107
110
*107
110
*107
110
*107
110
30%
*483/4
29%
30 3/8
29
293/4
28%
50
50
49
49
49
49
4
40
403/4
40
40%
*30
31
30%
30
14
14%
30%
14 %
29%
14
133/4
14
12%
81
47
14%
14%
'9%
.
*31%
9%
22%
*9
22
21%
Park
&
3%
3%
4 Va
3,700
Park
Utah
40%
40%
5,400
30
30%
30
29%
133/4
14
14
14'A
2,200
12%
123/a
12%
12%
2,700
77 Va
76%
48
47%
14%
14
13%
14%
9%
9%
35
33
*'115
117
9%
48%
7,700
13%
'
143/a
8,700
Penn-Central
93/4
900
9%
■
21%
22
21%
22
22
22
1,800
*31%
35
*31%
33
117
«%
9%
22
33
32
32
*32
35
300
117
115
115
30
115
115
20%
20%
20%
20%
20%
20%
20%
20 3/4
20%
21
21
21%
125,600
26
26%
26%
26%
26
26%
26
26%
253/4
263/8
26
26%
36,500
*47
48%
*47
48%
*47 %
48%
48%
48%
200
51%
*50
53
*51
*115
48%
48%
97
*47
48%
53%
*5-1%
52%
97
*51%
*96%
99%
*115
117
*115
51
98 34
993/8
*97%
'
983/4
18
19
22
21%
22
20 %
203/4
29
i
18
30
29%
30%
29%
30%
29 Vs
293/4
22
"22%
*105
1^
*84%
X*V
*84%
33
*32%
108
9%
*84%
85%
323/4
32%
*105
9%
853/4
*84%
32%
*
*32
85
106
28%
*21%
53
300
100
100
600
29%
29
*84
32
107
9 Va
Sand
Glass
Penn
Corp
Co
Light
&
Power
No par
50
10
5
100
Pennsylvania RR
Pennsylvania Salt Mfg Co
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co
33
300
Pet Milk
4%%
33%c
Co
60
100
2nd
1,800
93/4
9%
Petroleum
100
100
100
No par
100
5
preferred
Corp of America
17
13
24
5
15
2
46% Jan
51
Feb
927/e Jan
17
Jan
24% Jan
21% Jan
108
Jan
84% Feb
Apr
Oct
Dec
Dec
Jan
Feb
Jan
2
Mar
Jun
160'A
Jun
2%
Dec
181 Va July
Oct
11 Va
Feb
Nov
34%
Apr
5
12%
Feb
5%
Oct
11%
Dec
27
Jan
13
Oct
20 3A
Apr
373/4
Jan
56%
Apr
56
105%
Dec
Jan
14%
Sep
4%
Apr
111
Dec
100
90 Va
Apr
May
110
Oct
273A
Oct
39% July
52
Nov
82
3%
Apr
Jan
73/a
Sep
35 Va
35%
Aug
Oct
22%
Jun
11 Va
Dec
24%
Jan
64%
Sep
81
Dec
40 Vb
Nov
573A
Jun
12%
Jan 29
Oct
12
7
7
3
Jan
48'A May
26
4
Dec
453A
Jan
6%
Oct
16%
Feb
17%
Sep
303A
Jan
28 Va
Feb
373/4 Aug
Jan
115% July
110
20 Va
Jan
6
3
Jan
27%
Sep
Feb
25
Sep
47%
37%
Nov
51%
43
Jan
68
May
86% Nov
6
21
7
3
3
115
Apr
Dec
Jan
14
16
10
10
4
Feb
97/e Jan
6
2
Oct
513A
21%
Jan
34
107
48
10%
26% Feb
51% Jan
55
Jan
100
Feb
22
Feb
30% Feb
23 % Jan
108
Jan
87
Jan
32
Jan 13
105
Feb 5
87/a Jan 14
Jun
Oct
2
15Jan
9% Feb
22% Jan
33
Feb
23
4
27
2
16
14
10
7
Sep
67%
164
2
1
4
22
473A
1223/4
8
117
48
Oct
28 %
Jan
84
Dec
54%
48% Feb
29% Jan 18
115
Feb 6
19% Jan 27
25
Jan 13
100
preferred
5%
Penn
Jan
Jan
Jan
Feb
Jan
Jan
76% Feb
6
44
Jan 23
12% Jan 13
8% Jan
3
18% Jan 16
——7
No par
Cement Co
Penn-Dixie
84%
*32
*105%
9%
Coal & Coke Corp
Penn
108
84%
85
32
Corp
Airlines
100
900
223/4
111
*105
107
Co
Pepsi-Cola Co
Pere Marquette Ry Co
5 %
prior preferred
5% preferred
30
22%
22
1,500
36,500
21%
21%
111
*105
9%
9%
*51
993/4
20%
*20
32%
105
9%
22%
111
*105
107
9%
9%
*21%
223/4
115
*105
108
*105
9%
*211%
22%
110
*105
86
*32%
*105
:1|
22%
109
52%
99%
C)
(J
3%
3974
29
12%
11%
No par
No par
—1
10
Penick & Ford
Penney
45
86 Va Mar
36'/a
32% Jan 2
53% Jan 4
4% Jan 6
43
Jan 9
32
Jan 4
14% Jan 30
127/8 Jan 7
26% Jan 13
Co
&
Davis
47%
48%
14
Parke
Inc
Consolidated
1,100
773/4
*75%
77%
47%
93/8
1,600
30%
14
123/8
14%
22
41
Tilford
25% July
24
3
7
7
6
24
2
17
7
Jan
Jan
Jan
19%
Dec
Nov
10%
—
--
No par
Parker Rust Proof Co
2.50
Parmelee
Transportation—No par
Patino Mines & Enterprises
5
48%
9%
100
1
—1
Mines—1
900
a73/8
22
Pictures Inc
41,500
14
'•
preferred
conv
Paramount
No par
Inc
51%
4734
47
5% Jan 13
70
Jan 11
30%
40%
77 V8
78
*77%
1
50%
4%
12 3/8
104% Jan 25
29
40%
*13%
12%
123/a
12%
80
80
47%
14
''«W£
12 3/8
12%
*79
:*¥
4%
4
4%
110
*107
13%
16%
45%
106 %
9%
78%
5
—100
Prod & Ref
Cos
Paraffine
2% Jan
167 % Feb
5% Feb
25
Feb
7% Feb
40 % Jan 13
preferred
Panhandle
14% Feb
No par
51%
40
4%
40%
4
500
Corp—2%
Petrol & Transp
—5
Pan-Amer
Jan 16
Jan 3
Jan 14
Jan 27
Jan 16
Jan 16
Jan 16
Jan 5
Jan 17
Jan
Oct
12%
49
12% Jan 13
19
Feb 1
72
Feb 6
37
Feb 7
43% Jan 18
62% Jan 11
34% Feb 7
129% Jan 2
Jan 8
Jan 18
Jan 10
6
Jan 14
11% Jan 16
Airways
Panhandle East Pipe Line
4%
11%
13%
50
24
40%
60
28%
122
2
164
5
21%
No par
Car
Motor
American
30%
29
4%
*40
77%
10
Corp
28%
*3%
3%
59,800
Packard
Pan
Oil
Western
100
1
*50%
29 Va
50%
29%
■!7i
!#?■
9 Va
77%
'
7%
Pacific
6%
44%
100
Teleg
&
1,400
25
12%
*14%
No.par
3,600
5%
5%
23%
Corp
Rights
6%
preferred
Pacific Tin Consol'd Corp
200
168
*167
167
6%
63/4
63/4
167
23%
23
223/4
23
166 %
166
167%
53/4
5"%
r2 %
2%
r2%
2%
167'%
166
166
167%
5%
I
8
10
No par
No par
25
No par
Fisheries Inc
Amer
Sep
40 Va
Jan
16
Oct
363A
Jan
100
Oct
132
Jun
75
Oct
109%
Jun
28%
Sep
105%
Sep
83A
43 Va Mar
Dec
Mar
109
14%
Apr
ir^-T
||f
LOW
SB
Saturday
Feb. 1
$ per
Monday
14%
14%
59 %
59%
*59%
40
40%
*57
57%
f'i'-'l''.:
r
*107
■
*
108i/2
26
26%
28%
$ per share
$ per share
14%
HIGH
14%
14%
14%
60
59
60
39%
40%
40
40%
57
57%
57%
57%
"107%
26
SALE
ioa
108
26%
26
108
26%
Friday
Feb. 5
Feb. 6
$ per share
*14%
14%
57%
58 3A
55
40%
40%
40 3/8
57%
57%
57%
25%
109
108
26
26
the Week
16
15
3,100
& Co Inc
1
Phelps-Dodge Corp
25
Philadelphia Co 6% preferred—50
$6 preferred
No par
Phila Electric Co com
No par
53% Jan
16
36% Jan
573/4
55%
41
42%
22,800
57%
57 5/s
620
26 %
70
26
253/4
11,300
29%
*28%
29%
29%
29%
29 Va
29 Va
117%
117%
117%
117%
*116%
117%
116%
116%
116%
116%
105%
105%
105%
1053/4
1053/4
1053/4
500
143/a
14 Vs
14,900
28
143/4
28%
*96
97'A
360
Va
10,100
106
108%
100
*99
100
29
V
105%
15%
14%
15%
14%
15
14%
143/4
28%
27%
28%
27%
27%
27 Va
27%
94%
•
105%
15%
28
V
96%
94%
94%
95%
96%
97
97
*96
42%
42%
42%
43%
42
42%
41
42
41
•
-•105
108%
>97
if *23
*81
-
98%
24%
,
'>
85
M 57%
58
&■'
?..f
18
I
18
35%
•106
,
35%
107
*120
'*
98%
24%
*81
58
*17%
*34%
*106
106%
106%
106%
98%
*98%
100
12%
12%
•97
98%
19%
*22%
23%
—'
•199
202
204
42%
42%
8%
8%
11%
•100
12
130
68%
69
71%
*25%
85
84
84
*84
58%
57%
58%
X563A
57%
19%
*17%
19%
*17
19
36
*35
107
*106
17,,
12%
98%
*196^
"
*35
*106
*120
12%
*97
*84
563/4
*17
35%
107
—
35%
*106%
*
100
84%
84%
85%
30
57%
573/4
8,200
57%
*17
19
107
*
23%
23%
*120
*199
*201%
19%
19%
19%
2,900
24%
25
25%
2,500
204
201%
201%
42%
8%
8%
8%
8%
For footnotes see page 827.
69
70%
b
68%
71%
*16%
*197
17
ll7/a
*100
125
68%
68'/a
71
71
16%
16%
*197
11%
*100
11%
7,600
9%
11%
42%
18,400
127/a
8,300
125
125
*100
68
68
71
71%
70%
71%
69
70
16%
i
~l5
204
*201
42%
11%
70
100
*199
427/a
69%
2,600
12%
12%
*97%
*199
16%
17%
17%
*197
440
710
1,200
*197
■■■■*
-■
—
$1
(Chas)
3.8%
Phila
preferred
preferred
& Read
Philco
Corp
COal &
1
Iron—
—
pfd series APhilip Morris & Co. Ltd
4%. preferred
3.60% series preferred
—
Phillips Jones
—3
100
——5
:—100
——100
No par
100
—
Phoenix Hosiery
Plllsbury Mills
$4 preferred
No par
5
Inc
_
25
No par
100
Chemical Co—No par
preferred
No par
1
Pittsburgh Forgings Co
1
Pitts Ft Wayne & Chic Ry
100
7%
preferred
100
Pitts Plate Glass Co
-10
Pitts Screw & Bolt
No par
Pittsburgh Steel Co
No par
7% preferred class B
100
"5% preferred class A
100
-5%% 1st ser conv pr pfd
100
Pittsburgh & West Va_,
100
Pitts Young & Ash pfd
—100
Pitts
$5
Pitts
Coke
Jan
16
17
Jan
14
&
conv
Consolidation Coal Co_
Jan
80
May
x48
May
Dec
76%
Jan
Dec
117%
Jan
30% May
24%
27 % Jan
5
3
29 % Jan
21
117% Feb
4
1053/4 Feb
12% Jan
13
•15% Feb
3
6
1
21
Jan
16
28% Feb
7
93% Jan
3
.98
36% Jan
2
433/4 Jan
3
106% Feb
Jan 24
18
Sep
27%
Dec
34
July
Dec
122
May
116
19%
Feb;
11%
Oct'
20 Vs
Dec
47
89
Dec
102
33%
Sep
71
112
106% Aug
Jan
Sep
-
Jan
Jun
4
104%
Dec
99
Jan 11
96 3A
Dec
7
Feb
7
203A
Oct
Jan
31
36
29
84
Dec
89
Nov
Jan 17
85 % Feb
49
Feb
73%
Jan
Jan
1053/4 Jan
98
Jan
22
Jan
58% Jan
1
16 Va
41
Jan
Feb
Dec
16
13
7
7
7
Jan
16
36% Feb
7
29% Sep
36
34
103% Jan
2
81
Feb
Apr
51 %
Jan 22
105% Feb
share
16%
13
107
Feb
25% Feb
'
Highest
$ per
293A Sep
42% Jan
583/4 Jan
109
26% Jan
116
———100
100
33/4 %
Corp
5% cum preferred
Phillips Petroleum
55
106
No par
preference com—
4.4%
Pitts C C & St Louis RR
....
98%
42%
125
_
12%
87/a
12
107
19%
24
*100
900
363/4
106 Va
24
19%
11%
100
19
36
35%
42%
*"•
900
31
8%
12%
50
28%
42%
125
9,300
27
42%
,8%
50
98%
98%
19%
204
40%
41%
108%
41
1
12%
98
19%
*202
97%
*120
12%
98%
19%
*199
204
27
28
,
*
23
23
/|69r
35%
107
*120
22%
11%
*983/4
84%
*199
*100
*1063/4
28
19%
42%
108%
26%
100
26%
19%
*200
*983A
26%
72
17
12%
*97
*1063/4
25%
*120
f 19%
i
*105
14
520
29
29
29
Pfizer
share
35%
6
62% Jan
117%
*115
...
.
Jan
14% Jan
41
110
$ per
share
—No par
58
*108
$ per
Pfeiffer Brewing CO—
143/4
109
Lowest
Highest
Lowest
$ per share
Par
1,000
143/4
14%
EXCHANGE
Shares
for Previous
Year 1946
Range Since January 1
STOCK
'
$ per share
57%
*14%
YORK
NEW
Sales for
Feb. 7
Thursday
$ per share
*108%
Range
STOCKS
PRICES
Wednesday
Feb. 4
Feb. 3
.
share
AND
Tuesday
52% Jan
18
107
Jan 31
102%
123
Dec
Sep
110
Feb
Oct
136
May
15%
Feb
10% Jan
2
13% Jan 18
7%
6
99
Jan 28
89 3A
Dec
Jan
2
20% Jan
30
17%
Nov
26% May
18% Jan
25% Feb
7
xl6%
30
Feb
16
Dec
197
July
202
May
Nov
210
Mar
Sep
97
20
Jan
Sep
106
200
Jan
2
39
Jan
14
13
200
42% Feb
1
30
7% Jan
13
8% Feb
3
7%
Dec
14
93/4 Jan 16
12% Feb
7
9%
Oct
22%
16
71% Feb
7
Jan
13
7i
Jan
27
Jan
2
17% Feb
7
23
203
Jan
483%
141
103
61
67
14
200
Jan
Jan 23
200
Jan
Oct
59
Nov
96%
68%
Dec
92
12%
200
Oct
NOV
343%
200
Feb
Jan
*Jan
Feb
Feb
Jun
May
Jan
Nov
Volume 165
Number 4567
THE COMMERCIAL' ft FINANCIAL CHRONICLE
^
825
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
Saturday
Monday
Tueaday
Feb. 1
Feb. 3
Feb. 4
$ per share
$ per share
I per share
STOCKS
Wednesday
Thursday
Feb. 5
$ per share
Friday
Feb. 6
$ per share
20%
20%
20%
22%
22 Ve
14%
14%
14%
14%
14%
*13%
14%
22%
22%
*13%
22%
22%
14%
22%
*13%
22%
22%
22%
*32
22%
22%
4
22
22%
22%
22%
18%
18%
18%
18%
15
15%
42%
42%
42%
24
173/4
15%
15%
42%
*23
23%
*23
18%
15%
23%
24%
24
17%
15%
•41%
23
23
18
173/4
18%
15
44%
*41
24%
15%
43
15
24
15%
*41
44
61%
62%
62%
62%
62%
63
62
62%
61%
31%
31
31%
31%
32%
31%
31%
31%
100%
100%
100%
100%
99%
100 %
99%
99 %
100
101
61%
101
37%
36%
37%
35%
36%
36%
36 %
24 %
24%
24%
243/a
243/4
24%
24%
23%
24%
24%
107%
107%
107%
107 %
107%
107%
107%
107 %
107%
107%
108 %
119
118
119
118%
119
118%
119%
123%
124
124%
125%
126
138
138
113%
113%
60%
23%
"107
138
61
61
23%
"23
35
23%
109
35%
23%
114%
23%
126
126%
*126
118%
126%
139%
139
139%
139
139
114%
*113%
114%
114%
114%
60%
60%
23%
108
36%
23%
126
138
"113%
61 %
x23%
*107
109
34%
138
♦113%
118%
603/4
23%
108
35%
♦23
36%
23%
60%
60%
23
23%
•108
109
36
36%
23
23
SO
23%
35%
"23
10,800
4,400
400
400
126% 126%
138 '
139
490
*113%
560
115%
60
50
603/4
8.70°
24%
23%
10,300
109
35 y8
-
35%
23
23
100
4,400
300
Car
Co
ser A
14% Jan 28
21% Jan
13
21% Jan 13
15% Jan 14
18% Feb
14%
123/8 Jan
15% Feb
11% Nov
:
22
22% Jan
19
29 3% Aug
23
20% Sep
13
Feb
42% Feb
38'
53
Oct
Nov
5
26
Jan
13
32% Jan
2
32
97
Jan
11
101% Feb
38% Jan
7
2
preferred
%%
—
16
24% Feb
7
2
109% Jan
15
103
2
119% Jan
31
108
-100
preferred
21% Jan
107
Jan
112% Jan
118% Jan
2
127
Jan
2
113% Feb
1
—__10a.
No pur
Inc_————Nopar
(The)
5%: conv preferred
Purity Bakeries Corp
_No par.
100
*
.
51% Jan 13
21% Jan 13
108
Feb
4
,
126 % Feb
4
114% Jan
20
61% Feb
.
3
109% Jan. 17
31% Jan
16
36% Feb
10
22% Jan
2
23% Jan
27
Radio Corp of Amer
No par
$3.50 conv 1st preferred—Nopar
83/4 Jan
13
75% Jan
16
803/4 Feb
4
Radlo-Keith-Orpheum
12% Jan
13
153/4 Jan
2
3
104% Jan
107
4
7
Oil
Ref
Corp
41
.!
Oct
July
30%. Jun
115% Jan
126
,
Nov
47% Hep
19% Feb
Feb
Apr /
67
May
105% May =
Sep
Sep
112
3
24% Jan
Nopar
Quaker State
63%
ll4®/4 Augw
119% Jun
6
.
139% Feb
Feb.
713/g
.
983/4 Dec
31
Sep
17% Oct
33% Jan 28
Oct
27% Feb
30
Dec
65% Jan
July
25
Oct
61% Jan 28
100
7%
Oct
38% Jan 13
Inc
shate ^
31% Jun
12% NOV
50
Pub Ser El St Gas pfd $5
Pullman
Highest
$ per
Oct
No par
preferred
Pure Oil
13
5
13
No par
1.
Inc
Industries
6%
.
24Feb
13% Jan
*4.75 cum preferredNo par
Public Service Co of Colorado
20
Pub Serv-Corp of N J com—Nopar
$5 preferred——
.-Nopar-
10,900
108
Steel
Publlcker
7ip
36%
18% Jan 13
$ per share
1
Poor St Co class B
Pressed
$ per share
Lowest
5
new
Procter St Gamble
118%
*108%
23%
4%% preferred
5,600
32%
24%
118%
233/8
36
300
36%
108%
*108
2,300
22,100
101 %
36
118%
Plymouth Oil Co
Pond Creek Pocahontas
300
63
% per share
1
Highest
5
15%
31%
36%
(The)
43ya
24%
36
Co
Plough Inc
1,200
24
18%
15 %
32%
200
22%
*43
62%
30
Pittston
Year 1946
—
Lowest
pew
8,600
14%
18 3%
Range Since January 1
EXCHANGE
Shares
24%
*23
Range for Previous
NEW YORK STOCK
the Week
$ per share
*14 %
23%
Sales for
Feb. 7
Jan
139% May
150
;
Jan-
117%
«9%
-
-
Feb
30-
Sep
38%
19%
Feb
25% Aug
Feb
R
9%
97/a
9%
9%
9%4
9%
9%
9%
*78 %
80%
79%
79%
80'%
80%
79%
79%
15%
15%
104
"103
38%
15%
15%
104
"103
38%
39%
39
15 %
15%
*103
104
393%
9%
10%
10%
80
*79
793/4
103%
73,400
793%
700
15
15%
14%
15%
15'/a
153%
104
104 %
31,700
*104%
104%
104 %
104%
80
40
39%
39%
24'/a
24%
23%
2334
40%
39%
22%
23
39%
22%
1,800
22%
22%
3534
353
36
36
36
23%
36%
23'%
24%
36%
37
4,200
37
37
20 %
37
20%
20%
21%
20 %
37
21%
20%
21
1,100
20%
20%
21
21%
6,200
1
*40
42
42
42
*41
42
*37
38
*37
38
37
37
18%
18%
18%
18
18%
"106
108%
18 3i
*106
110
14
14
13%
*96
98
97'/2
*26
26 3
4
16 %
*16
83
*81
39
39%
101%
30
104
30
9
*106
110
133%
103
16
*81
*40
42
42
42
200
37
4%
non-cum
1st
*36
37
37%
37%
300
4%
non-cum
2nd
17 %
*106
110
14%
104
26%
*263i
16
16%
16%
83
83
83
29%
393%
*101'%
30%
293/4
9%
8%
40%
104
30%
8%
83
30%
8%
7%
15%
15%
14%
2834
29%
29
28%
29
23 %
107%
109
112
109
23%
23%
109
*38
38%
37%
38%
T21
122 %
120%
120%
*111
112
23
23 3/8
109
109
31%
111
28%
223/4
23 %
108
83
39%
104
30%
31%
8
15,600
28%
30 3/a
2,200
44,800
111%
111%
300
28
28 3/a
*111
112
x22 %
23%
23'%
24%
12,900
108%
108
1073%
108%
110
4,000
37%
37%
37%
*120%
122%
*120%
16 '/a
16%
16
16
423,4
42%
43%
44
43%
44%
43%
44
43%
44
50%
50
50
49
49
*49
50%
49
49
102
102
*103
105
*103
104%
103
104
15%
15%
15%
15%
15%
16
29
29
31
30
30
24%
15%
25
16
8%
6,700
31,600
16 3/a
25 3/a
31%
8%
37%
25
303%
24%
15%
37%
122
24%
16
100
Nopar
1
25
50
preferred
50
preferred—50
Reis
373%
38'%
1193%
121%
16'%
43%
163%
2,700
43%
12,100
230
(Robt)
8
13
&
Co
100
87
No par
25
1st pfd
Stores
Manufacturing Co__No
pfd
Corp
with
warrants
Tuesday
Wednesday
Feb. 4
Feb
7
26%
Dec
45%
Apr
14% Nov
Feb
4
74
40% Feb
4
Thursday
Jan
2
100
Oct
31% Feb
7
20
May
50%
Oct
102
Jun
105%
Apr
34% July
24"%
Apr
Dec
17%
Feb
Oct
Republic Steel Corp
213/4 Feb
Nopar
25% Jan
16
303/a Feb
7
24%
Oct
40%
Feb
3
107%
24% Jan
2
6%
prior pfd ser A
& Brass
conv
Revere
100
Coper
5%%
104
109
Feb
13
39
Jan
2
24%
116
Jan
13
124
Jan
28
12% Jan
16
16% Feb
7
105%
12%
Jan ' 2
44'/a Feb
4
36%
preferred
Reynolds Spring
Reynolds (R J) Tob class B
100
1
10
10
series
100
Rheem
1,100
Mfg Co
Richfield Oil Corp
1
Ritter
Co
(The)
Ruppert, Jacob
Oct
x32% Jan
conv
3.60%
112
7
Nopar
preferred
Metals Co
5%%
110% Jan
3
20% Jan 13
7% Nov
No par
100
Reynolds
5,400
Feb. 7
101
135%
7,200
$ per share
Dec
4
16%
Friday
Feb. 6
I per share
273/4 May
32% Mar
Nopar
5
—-
Jan
41
3
x47'/a Jan 22
101
Jan 20
21% Jan 13
18
97
3
Sep
Sep
Sep
Sep
Feb
118
Apr
31% May
110% Jan
45>%
Jan
136
Jan
Nov
28% Feb
Sep
46%
50
Feb
3
43
Feb
104
Feb
6
100
Nov
Jun
50% July
108% Feb
25% Feb
3
l33/4 Jan
16
16'/a Feb
7
123/4 Oct
20% May
26
Jan
7% Jan
14
31
Feb
3
25
44
8% Feb
3
19
Dec
6%
7
38
Oct
Jun
.r
Apr
Oct
13%
Feb
21% Jan
13
24% Feb
3
17
Oct
30%
Jun
523/4 Jan
23% Jan
16
60
Jan
6
40%
Sep
65
29
25
Jan
9
213/4
Oct
STOCKS
Feb. 5
$ per share
28
3
LOW AND HIGH SALE PRICES
I per share
16
7
Ruberold
Feb. 3
Jan
Jan
8% Feb
2,900
1,200
Monday
125%
9"% Jan
1,000
t per share
Oct
Sep
15% Feb
233%
Feb. 1
-
76%
9
56%
Saturday
Feb
7
13
23%
$ per share
163/4
13
30%
700
112%
Dec
13
Preferred
,
Sep
12%
8
13
Common
25
Apr
Nov
5
Jan
77% Jan
340
*24%
31
15
99
15% Feb
105
Feb
24% Jan
56
24%
Jan
107
101% Jan
24
24%
Jun
46%
2
1
56
24
Feb
53%
Oct
Jan
25
*23%
24
1
Sep
Sep
33%
40
7
*55
24%
18% Feb
Feb
36%
8
17% Feb
24
24%
2
18
Jan
83
56 %
24
16%
21% Jan
44Va Jan
38
2
55%
24
Apr
3
23%
24
39
16
56
*233/4
Nov
6% Jan
400
8%
32%
12% Jan
25%
8 3%
10
10
103
8%
Jan
37
Jan
24%
8%
May
Jan
24'%
8%
33
50c
*47%
153%
Feb
49%
Sep
$1 conv preferred
*1023%
*29
112%
Dec
17%
33
1
Jan
Apr
32
5
15% Jan
Corp
19
96% Mar
28%
2
76
56
30
40% Feb
Nov
765/8 Dec
15% Oct
100% Dec
25% Jan
par
Motors, Inc
Republic Aviation
Republic Pictures
9
7
100
series
24'%
*29
83/4
10% Feb
-1
3%%
Remington-Rand
56%
30
3
24
56%
8 3%
13
Feb
Jan
24%
*29
83/a
42
Jan
57
8 3/a
193/a Jan
12% Jan
24
8%
3
15
57
8%
35% Jan
105
24
*8%
13
21
Nopar
Company
..Nopar
Roan Antelope Copper Mines
Royal Typewriter
1
*28
3
Jan
5
Reliance
49
24%
21
50c
Inc
Reliable
Reo
Jan
34% Jan
100
Bros
Conv
103
36"% Jan
Real Silk Hosiery
Reeves
Preferred
8 3/a
1203/4
25%
6,300
153/a
16
25%
60
40%
104
7%
119
24%
83
39
14%
16
102
*823%
3,300
7%
16
24%
17%
143/4
16%
101%
800
7%
*16 %
*50
28
*101%
8%
320
14%
8
14%
111
108
39%
8%
8%
15%
28%
*82%
*101
15,000
107
16%
3934
1,500
pfd
Preferred
15%
107
16%
17%
111
15
16 3/4
8%
8
.15
112
106
17%
*106
27%
31%
7%
112%
23 %
104%
15 %
26%
104
14%
111
111
1434
26 5/a
83
39%
7%
28%
*107
17%
16%
1458
8
17%
27
*101
9
15%
104 %
26 3%
40
33/4%
42
26%
106
39%
*101
Co
37
14%
103%
Ralston Purina
Raybestos Manhattan
Rayonier Inc
$2 preferred
Reading Company
*41
*17%
16'%
*26%
9%
13%
102
40 %
1
May
34% Jan
Range for Previous
Sales for
NEW YORK STOCK
the Week
EXCHANGE
Range Since January 1
Lowest
Highest
Shares
Par
t per share
Year 1946
Lowest
$ per share
$ per share
Highest
$ per share
S
50%
51%
51
50%
51
50%
51
50%
503/4
S3
10%
10%
11%
50%
10 %
10%
11%
10%
10%
150
10%
29%
30%
303a
31%
103/a
31%
32%
31%
31%
30%
31%
31
21%
21%
21%
22%
22%
103%
31%
113%
113%
114
10%
11
*113
11%
45%
*44%
113%
11'/a
46%
46
*50
*113
10%
45%
*45
11
22%
22%
*113
22%
114%
22%
*113
22%
114%
22%
113
23
13,100
113
200
103/4
11
10%
10%
46%
46
46%
45%
46%
45%
48%
47%
49
45%
45%
45%
46
46
32,400
46
46
46
46
1,200
99%
99%
10%
11%
*98%
99%
*98%
99%
99%
99%
99%
99%
*98%
99%
*98%
99 %
99%
99%
*98%
99%
*99
99%
*99
17%
17%
17%
17%
99%
17%
17%
17 %
17
17%
17
17%
*94%
20%
49
100
*94%
3,(800
39,200
22,<600
100
*94%
100
17
*94%
100
99%
*943/4
99%
100
*95
5,400
180
10
4,200
100
21
21%
21%
22%
21%
21%
21
21%
22
49%
50
51%
233%
49%
52%
51
51%
28,800
49
50%
26%
26%
51%
51%
5,100
26
27
2,500
*25%
8%
9%
9
9%
25%
*9
26
26
9%
9%
26%
26
26
10
10
10%
10
Lead
Ry Co vtc.
10
48% Jan
77/8 Jan
15
No par
100
24% Jan
16
21 Va Jan
16
—
-
Pfd series A 5%
Safeway Stores
5% preferred
Savage Arms Corp
5
100
5
Schenley Distillers Corp
1.75
Scott Paper
Co
Nopar
$3.40 cum pfd
Nopar
Scovill Mfg Co. 3.65% cum pfd_100
Scranton Elec
3.35%
21%
26 %
St Joseph
St !>-San F
Co
(The)
5
pfd
cum
100
Seaboard Air Line vtc
5%
Oil
9
9% Jan
18
Jan
100
61
Aug
July
100
Dec
1103/4 Jun
Dec
102% Nov
96% Jan
17
3
Feb
5
Jan
52% Feb
4
17% Sep
Sep
37%
16
42
77%
Feb
15
27
Feb
7
23
39%
73/s Jan
13
37%
10%
37%
37%
3,000
38%
37%
38%
38
153/a
15%
38%
43,900
15%
153/4
15%
15%
16
16
14
6,400
14%
Seeger Refrigerator Co
5
14%
35% Jan 16
11% Jan
2
14%
14%
15
2,200
Seiberling
1
13% Jan
16%
109
16%
8,700
Servel
*107%
16%
16%
109
16%
16%
16%
108%
108%
*107%
109
♦107%
23%
24
23%
23%
24
32%
*
23%
33%
33%
29 %
29%
29%
82
*79
20 %
20%
*79%
20%
24
16%
16%
16 3/4
109
16
*107%
23%
16%
109
30
Inc
$4.50
34%
23%
34 %
35
23%
23%
34
3,700
Shamrock
Oil
34
34%
34
35
293/4
283%
29 3/a
9,500
Sharon
28%
28 3/8
28%
28%
2,100
Sharpe
&
20%
*79
20%
81%
20 3/4
*79
81%
20%
18
18
*81
20%
81%
*81
81%
$3.50
20 3/8
20%
203%
2,000
19
19%
21
21%
Shell
Shattuck
90
29%
29%
29%
29%
283/4
293/a
8%
8%
293%
8%
8%
28%
8%
8%
3,600
15,000
8%
8%
8%
8%
8%
6 %
6%
6%
6%
8%
6%
10,800
Sheraton
6 %
6%
6%
6%
6%
6%
6%
12,900
39%
40 3/a
Silver King
39%
39%
48
48
*46%
153/4
16
15%
16%
*17%
29
18
40%
40
*46%
40
40
39%
40%
47 %
46 %
47
47%
47%
15%
16
70
70
18%
18%
23%
*23
53%
54%
15%
*69
18%
*23
55
16
153/4
16
71
*69'%
71
19
18
18 3/a
23%
23
23
56
56
57
50
*48
15%
*69
18%
*23
56
49
15%
70%
18%
23%
56
*68
69%
40
40
49
3,800
400
21,500
68'%
69
18 3/a
19
19%
1,900
*23
23%
*23
23%
100
55
55%
18 3/8
56 %
58
400
2,400
38%
38%
*98%
99%
*99
99%
99
99
*99%
32%
32%
*32%
33 %
33%
33%
*32%
33%
33%
33%
33
33%
1,100
15
14%
39
*38
38%
14%
2
Jan
16
15
14%
39
38
38%
100
*36%
*99%
37%
100
37%
*99'%
3734
100
1,400
50
14%
14%
14%
15%
14%
4%
4 %
4%
15%
4 %
4%
57,300
4%
4%
4%
4%
4%
4 %
4%
8
7%
8%
7,300
8
8
8%
8
8%
7%
8
8
8%
*52
15
5,000
&
Gas
1
Nopar
Nopar
Nopar
pref ser A
(Frank G)
80
29
Jan
conv
29%
90
14
108
Corp
Dohme
29 %
*86%
1
Steel
28%
82
Sheaffer
(W
A)
Pen
No par
No par
Co
1
New
Union
Saw
Oil
Corp
$1.20
Smith
(A
Smith
O)
(A)
3%%
Smith
Steel
Iron
&
preferred
&
&
cum
*51%
52%.
*51%
52%
51%
51%
52%
100
22%
223a
22%
22%
22%
22
22%
22%
22%
22'%
223%
54%
55
4,600
54%
55
54%
54%
54
54%
54'%
54%
1,900
South Porto
165
165
*162
165
"160
165
*51%
*156
53
165
"160
165
*158
165
20
5%
8%
33
32%
32%
32%
*27%
28%
28
28
28%
*27%
27%
27%
26%
27%
45%
Southern
44%
44%
1,400
43%
44%
45%
44%
45%
44%
45%
45%
47
47%
Southern
Pacific
47'%
46%
39,700
47
46%
47
46
47%
46%
47 3a
47%
49%
74'%
74
Southern
74%
*72%
16,000
74
74%
75
75
Railway
75
75
75
76%
80
*77%
81
*78
82
*78
82
*78
*77%
19%
19%
6%
6%
13»/8
*91
'53
13%
97
5334
20
6%
13%
*91
53%
*77%
81
20%
20%
20%
20%
20%
6%
6%
6%
6%
7%
14
97
533/a
13%
*91
53%
13%
97
53%
13%
*91
53
32%
27%
20
7
14
*13%
97
*91
53%
53%
32%
20%
7%
33
20%
7'/a
14
14
97
*91
53%
53%
33%
1,500
I,800
82
20%
7%
14
5%
II,500
California
&
Jan
2
17%
32%
Apr
35
Feb
4
23%
Oct
40%
Feb
16
333% Jan
6
23
Jan
81
8
77
Jan
393% May
91% May
19% Jan 16
Jan
preferred
Jan
13
20% Jan
6
Jan
10
90% Jan
14
18
Feb
5
213/4 Feb
2,100
64
28% Feb
34
Jan
16
46
Jan 30
xl53/8 Jan 13
67% Jan 16
41
33
16% Jan
72% Jan
8
56%
Jan
61
15
493% Jan
Nov
38 3%
Jan
Oct
20%
Jan
54
7
85%
19% Feb
7
14
Sep
27%
Feb
6
23 3% Jan
29
21
Sep
24%
Apr
58
Feb
7
42
Oct
91
Jan
39
Jan 23
48
Jan
35% Jan
14
16
353/4 Nov
55% May
99
Feb
4
101% Jan
7
99
Dec
108
July
32
Jan
24
35% Jan
6
29%
Sep
48
May
14% Jan
16
15% Jan
7
13%
Oct
18%
3
43/4 Jan
6
43/a
Sep
8% May
Dec
9
Nov
Nov
4%
Jan
14
8% Jan
9
24
52% Jan
14
52 %
Dec
53
14
22% Jan
7
203/4
Dec
22%
Nopar
52% Jan
13
56
Jan
18
48%
Sep
59%
9
165
Feb
1
170% Jan
25
32
Jan
30
24 % Jan
8
167
Dec
30
Sep
34% Jan
7.50
100
1
Nopar
Nopar
Nopar
28 Va
22%
Feb
47
Feb
393/4 Jan 16
40% Jan 16
68% Jan 16
77
77% Jan
18
Jan
Jan
22
3
70
Jun
65
Jun
Oct
Oct
90%
96
Feb
16% Nov
303/4
Apr
13"%
Jan
64%
73
21
4
5%
7
2
14% Jan
7
93% Jan
13
93% Jan
13
92
6
Oct
37
14
553/4 Jan
'
333/4 May
Oct
13
Jan
Feb
39% July
Sep
5% Jan
11% Jan
47
Dec
May
38%
76% Feb
20% Feb
7% Feb
Jan
193
Jun
33
50% Jan
Jun
11% Nov
27
May
Sep
104
July
Sep
56
Dec
•'
-
r^-k:>r
Jun
2
7% Jan
No par
100
Jun
May
Jan
Jan
16
——
.tv-ra:
Apr
Dec
22% Jan
For footnotes see page 827.
87%
17% July
14% Feb
1
preferred
26%
7
20 % Jan
Spear & Co
Spencer Kellogg & Sons
17% Sep
Sep
273/4
19
80
51% Jan
Ohio stk tr ctfs
1,900
Oct
43% Jun
Nopar
Spalding (A G) & Bros Inc
Sparks Withington
$5.50
25
16
Jan
5
Co
Co
Jan
Oct
50
Edison
Natural Gas
non-cum
Mobile
2.300
97
53%
Southern
24%
1133/4 May
Jan
100
28
Dec
Dec
7.50
preferred
33
32%
21% Jan 13
29
28
Oct
105
7%
preferred
Greyhound Lines
33
*32%
7
Feb
1
Rico Sugar
123/a
3
Jan
8
15
Southeastern
55'%
16% Feb
110
49% Apr
23% May
223% July
5s/8
Inc
South Carolina E & G Co
52 %
22 %
*54%
*51
7
6% Feb
Platinum
Oil Co
Feb
9 % Jan
10
&
15
10% Nov
13% Nov
30% Jan
Sons Carpet Co—20
preferred
100
Typewriter_No par
Gold
35% Nov
7
7
Corona
Am
2
Feb
16
20
Corp
South
Jan
16
16
Nopar
Socony Vacuum
6% Nov
6
39
Apr
17% Feb
73/4 Jan
No par
15
Skelly Oil Co
Sloss-Sheffleld
Oct
5% Jan
Nopar
Nopar
Steel
&
10% Feb
7
5
15
Simmons Co
Sinclair
233/a Feb
1
Oil
of America
Coalition Mines
Corp
Simonds
16
No.par
common
preferred
953/4
28
18'/a Jan 20
Jan
14%
*107
99% Jan
__
15%
Co
100% Jan
43% Jan
14%
Rubber
Mar
Oct
15 %
14%
Dec
34% May
116
Nov
14'/a
5
9%
Sep
Nov
243/4
Nopar
Nov
1103/4
53
14
Co
Feb
42
15%
&
22
Jan
64
11% Feb
16% Jan 13
Seagrave Corp
33
49% Jan
36%
Sears Roebuck
May
123/4 Dec
Dec
55 % Jan
14
%
Dec
14
15%
37%
Sep
11%
2
40% Jan 11
36
36%
23
114
45
30%
2
55% Jan
mi Jan
32% Jan
44% Jan 22
98% Jan 25
No par
of Del
Co
Jan
No par
100
preferred series A
Seaboard
112
16
■
.
Jan'
28% May .V
115% Jun i
2t T '-
Monday, February 10, 1947
CHRONICLE
COMMERCIAL ft FINANCIAL
THE
V'
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
Monday
6«tnrday
$ per
ift '■ 21%
22
f£
15%
♦88%
15%
89%
|
17%
17%
40%
40%
ui%
f
mi
;
16
89%
17%
♦99%
share
21%
21%
42 %
"100
33%
♦110
113
118
113
119
16%
90
18%
"111
111%
I
57%
56%
57
56%
41%
41%
41ft
41%
67%
68%
67%
68 ft
67%
27%
67%
26%
26
26%
26
110
43
♦47
43
♦41%
43%
26%
16%
16%
48%
49
49
42%
*42
*48%
43
41%
41%
17
17
17
48%
*42
46'/a
46%
46%
47
102%
*102%
105
*102%
19%
19
18%
18%
18%
13%
21%
22
20%
20%
21%
21%
21%
21
21
16%
21
21
Stokley-Van
21 %
21%
21
21
21
16 %
16%
16%
16%
15%
16%
16%
24%
23%
24%
23 %
43,200
23%
24%
24%
15%
14%
14%
7,500
15
15%
14%
15%
15%
15%
*107%
108%
107%
107%
74%
74%
74
*107
74
121
74
73%
73%
121%
*120
121
120
121
*120
73%
73%
8%
8%
8%
8%
8%
8%
42%
43%
42%
12%
12%
12%
12%
12%
12%
12%
8%
8%
3,600
12
22:%
22'A
23
112
23
24
23%
23%
*43%
44 %
44
44
43
43%
15%
15%
15%
15%
16
16
35%
35%
35%
35%
35%
35%
24%
24 %
23%
24 %
23%
24
1%
1%
1%
1%
1%
rl %
1%
27%
27 %
103%
111%
1,100
'23%
23
23%
*22%
23%
24%
2,100
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp
45
1,100
Sutherland
500
111
111
111
110
44%
*44
44%
16
44%
44%
*15%
16%
16
16
35%
35%
35%
4,200
25
24%
*15%
27%
27%
27%
27%
*103%
103%
*103%
103%
103 %
103%
9%
9%
10%
9%
35%
10%
35%
35%
25%
24 ft
25 ft
1%
rl%
1%
rl%
1 %
26%
26%
26%
27%
8,300
103%
103'A
*103%
9%
9%
9%
12%
12%
103
10
9%
109% Jan
16
111% Jan
107%
Oct
116
Mar
34% Jan
16
37% Jan
6
34%
Nov
55
May
Jan
6
101% Jan
13
98%
Dec
99%
20%
Oct
60% May
99
preferred
Symington Gould Corp
18,400
13
114
Feb
70
Oct
135%
Apr
Jan
13
122% Jan
78
Oct
149%
Apr
14
57% Feb
42%
Feb
59% Aug
40^8 Jan
27
42
37
Feb
49.% May
66'/a Jan
16
61%
Nov
23% Jan
3
101 % Jan
Feb
70% Jan
29
13
9
100 ft
29
Jan
78% May
July
30
20% Mar
23
Jan
105
6
12% Jan
Jan
108%
Dec
17
Feb
7
11
Oct
25
Feb
Feb
7
37%
Nov
£6
Jun
37
Sep
53%
44
Jan
2
49
39
Jan
13
42
15% Jan
13
21
18
Jan
2
16%
Oct
26% Aug
49
J an
2
41%
Jan
63
4
104
Jan
29
46 % Jan
102% Feb
30
Jan
Jun
May
Oct
109% Aug
7
13%
Oct
26% May
4
20 ft
Dec
39% May
21% Jan
28
102%
19% Feb
24ft Jan
13
16% Jan
20% Jan
3
21
Jan
23
Feb
Feb
3
14%
Oct
23%
Apr
20 % Jan
13
14% Jan
13
18% Jan
16
18%
Oct
13%'Jan
13
15% Feb
3
12%
Nov
107% Jan
17
107 % Jan
17
103%
Sep
74% Feb
1
61%
Sep
78'A
121
Feb
1
Apr
124%
9
Feb
7
7%
Oct
2
17
10
Jan
11
7% Jan
Jan
May
Jun
Aug
May
14
42'A
Sep
56% Aug
6
10%
Oct
24
29
17%
Oct
Feb
3
13
19% Jan
24% May
23 % Jan
21
16
101% Jan
117
38% July
110
Jan
45 % Jan
13
11 % Jan
41
7
24% Feb
3
70 % Jan
118
13
112
Apr
35% May
Oct
102
May
160
Dec
Jan 16
24'A Feb
7
19%
Nov
23
16
45% Jan
3
38
Jan
55%
Apr
Jan
6
13%
Sep
21
Aug
37% Jan
28
31
Sep
41%
Feb
22% Jan
2
16
27
16
27'A Jan
2
25%
Nov
36'A
Jan
1% Jan
18
19 ft
Nov
20
Jan
43
14% Jan
Jan
34
% Jan
25
22% Jan
16
102'A Jan
No par
__No par
$4
16
Jan
54 % Jan
_'
Prod's Inc
Dec
98
Ltd
Rights
36% Jan
Apr
28% Jan
25
Sylvania Elec
31
106
4.16%
Amer (Thei
International
Swift
230
10%
May
10
Co
Swift &
137,700
27 %
104
39 % Jan
55
25
50
Co
Paper
Co of
Sweets
42,300
23%
26%
10
Sunshine
12%
24%
Feb
1
12.50
10c
No par
Sunshine
6,300
22%
112
111
114
*112
3,900
11%
23%
!
Oil Corp
Biscuits Inc
Mining Co
Sunray
42 %
22 %
110%
pfd
A
Class
31,400
9
8%
Sep
preferred__.No par
No par
(4%% cumi
100
Co
42
12%
22%
23%
22%
23 %
22%
23%
50
12%
23%
Sun Oil
1,900
121%
*120
8%
43%
42%
43
42%
43
42%
43
73%
73%
Apr
15 ft
33%
series A
$4.50
Jan
109%
2
1
1
(The;
Corp
Chemical
Sun
39%
Sep
5
-No par
Corp
Studebaker
10
108
*107
108
*107
108
*107
108
74
*120
121
15 %
15
Camp
Webster
&
Stone
8,900
23%
Inc
prior preferred
5%
900
17
14%
22%
5,400
common
Nov
84%
18% Feb
1
5
100
5
1
20
,
Corp
Stewart-Warner
23%
23%
*110
Sterling Drug Inc
3%% preferred
100
6,300
16%
23%
8%
4,600
Inc
Bros Stores
19%
16%
23%
120%
47%
105
18%
21%
20%
*20%
21
*20%
21
21
Sterchi
14%
90% Feb
No par
(The) L 6
Starrett Co
100
2,100
46%
19%
preferred
conv
17%
*102%
105
18%
4%
400
45 ft
17%
47%
46%
102%
16,900
-
17
17
seises
Standard Steel Spring
7
45% Jan
25
10
100
-1
50
A-
preferred
3
17% Feb
16
prior
3%%
22% Feb
15
24
prior
Standard Oil of New Jersey
Standard Oil of Ohio
105
16%
18%
16%
26%
*103%
48%
18%
*20%
27
105
16%
49%
*102%
■
15,900
15%
16%
17%
21,700
27%
16%
48%
104
12,200
69%
*103%
26%
105
104
♦102%
42
68%
17
*41 %
46%
46%
46%
68%
'
43%
17%
17
16%
46%
48
•41%
41
68%
X41
*103%
15%
16%
11,600
104%
*104
15%
16%
15%
57%
41%
56%
57%
41
67%
26%
*103%
57
117
40%
105
57%
116
56%
*104%
119%
118
Jan
Apr
3
13
82
5
pref.-No pat
prpfoTed
No par
preierred
No par
Standard OU ol Ca.ll
No par
Standard Oil of Ind.ana—_
25
$6
118
118
111
110
40%
16% Jan
No par
Co
$7
1,500
2,000
109
D
$ per share
Dec
18%
4
Standard G & E Co $4
32,700
34%
111
112
41%
7,300
100 %
33
33%
32%
33%
36%
*99
100 %
140
111%
37%
111%
36%
36%
preferred
$4 50
Conv
280
share
10% Jan
Squibb (ERi & Sons common
1
$4 preferred
No par
Standard Brands.
Inc
N«> of
$3.50 cum preferred
No par
*100
56%
26%
1,200
36 %
100%
56%
67%
41
111%
41
•
Square
•
40
33%
119%
117%
8,400
*110
113
119%
18%
18%
36%
34%
90
42%
*100
33%
89%
17%
43
*111
36 %
100 %
*110
90
>89
42
18
42 %
15%
17ft
17 %
*42%
111%
*100
114
114
15%
90
36%
34%
33 %
16%
90 %
18 %
*111
21%
16%
16%
15%
18%
21%
Highest
$ per share
13% Jan
1
2
(The)
Sperry Corp
Spiegel Inc
8,000
21%
24,900
$ per
$ per share
Par
Shares
Sper share
share
21%
90
111%
36%
100%
33%
100 %
33%
$ per
22%
41
111%
36%
36
share
21%
41
22
^ '
$ per
22%
16 %
90
18%
share
$ per
share
$ per
Year 194G
Lowest
Highest
Lowest
EXCHANGE
the Week
Feb. 7
Feb. 0
Range Since January 1
STOCK
NEW YORK
Sales for
Friday
Thursday
Feb. 5
Feb. 4
Feb. 3
Feb. 1
■V
LOW AND HIGH SALE PRICES
Wednesday
Tuesday
2
7% Jan
1
27% Feb
3
Jan
14
104
16
Nov
101
7%
7
10% Feb
Nov
Feb
41
109% Aug
Jan
16%
T
*12%
13
*12 ft
1,000
13
13
7 %
1,100
1,900
Tennessee
7%
17
17%
16%
17%
17
17%
16%
17%
16%
16%
17
17%
59
7,200
59%
59'A
59%
59%
59%
59%
60
59
60
59%
59%
12'A
12%
13
14,400
12
12
13%
11%
13
12
52%
52%
52%
52%
53
2,500
Texas
25 'A
26%
9,300
Texas
Pacific
Coal
9,500
Texas
Pacific
Land Trust
&
11%
12
11%
51%
51%
51%
52
51%
24 %
24%
24%
24
24
24%
23%
24%
25
17
18 ft
17 %
17%
17%
18 %
53%
54 %
55
*51%
52%
24 ft
.
(The)
Co
Texas
Gulf
17 ft
17
17 ft
16%
17
3,200
Texas
55
55 ft
56
54%
55
54 ft
54%
56
54%
18%
8,900
Thatcher Glass
19
18 %
18%
18ft
18%
18%
18
18
18
19
17%
58%
58%
58%
250
*58lA
59
*17
59
59
*58%
59%
58 %
58'A
58%
*16'A
16%'
16 ft
16%
*16%
16%
17%
16%
16
*16%
*16%
13%
13'A
13 ft
13%
13%
13%
13%
13 ft
13%
13'A
13%
60
58%
58%
*58%
*58%
13 ft
12%
14%
14%
13%
19%
19'A
20 ft
19%
20%
19%
15%
15%
*15 %
16 ft
*15%
19 ft
*15%
58%
58%
58%
105%
*104
104
58
58
58 ft
*104
105 'A
7%
7ft
7
40
39%
39%
38
38
19%
*39
19%
19%
19%
19%
105%
105%
19%
19%
19%
104%
104%
104 ft
105%
20
20 ft
20%
50
50
49%
16 ft
104
57 %
58
105
7%
7ft
7%
39%
39
105
*104
7
6%
58
*104
58%
14
6,900
21
7,400
20
13%
19%
16%
13%
7%
38%
38%
18%
19%
5,400
104%
*104%
105%
180
$3.75
13,100
Timken
20%
20%
21%
20%
21ft
20%
21
20 %
49%
48%
49
5,000
50
49
49%
49 ft
49%
Axle
Timken Roller Bearing
50 ft
14%
7,400
tTransanierica
20%
6,500
800
7%
13,200
14'A
14%
14 ft
14%
14%
14
14%
19%
20%
19 %
20
19%
19%
19%
20%
19 ft
19%
19 ft
19%
19
19
7%
7%
7%
19 ft
7ft
7%
110 %
110
110
110
111
*18'%
7%
19 ft
19%
19%
19%
19%
35%
36%
35%
36 ft
35
36%
46 ft
43%
*102 ft
*102 ft
110
*102 ft
105
*43%;
45.
110ft
110ft
19
19
35%
37%
47
44 %
45
104
*102 ft
104
14%
15
43%
*44
*102%
14%
14%
14%
14%
14%
14%
14%
14%
14%
48%
*47%
48%
48%
48%
48%
48%
47%
48
*47
15
14%
14%
14%:
15
14%
14%
.
15 ft
14%
19,400
1,000
—
1,500
49
*48
14%
350
15
2,500
July
Jun
60%
Oct
32%
14%
Oct
26% May
35
Sep
65
May
18
Sep
Jun
Feb
Feb
13%
Sep
Feb
47
Sep
61% July
15
Sep
30 % May
10
Sep
48
Oct
70
Feb
Oct
20'A
Jun
16
Dec
18%
Nov
14%
Oct
13% Feb
27
14% Feb
9%
5
Feb
7
21
16% Jan
21
59'A Jan
30
104% Jan
31
7% Feb
3
39% Feb
1
20 % Jan
6
17%
Feb
21 ft May
Oct
69%
Jun
Oct
112%
Jun
Oct
13%
Jan
32
Oct
68
Jan
24 ft
Apr
38 ft
102
5%
99%
Nov
4
16%
Oct
26ft
Jun
50'A Jan
30
38'ft
Oct
66%
Jan
15 ft Jan
3
13%
Oct
21% MM
22% Jan
6
18%
Dec
71
19% Feb
3
14
Dec
33%
7% Feb
3
13
13
16
3
16
2
15
Nov
3
21% Feb
17'A Jan 16
15% Jan 15
6% Jan 16
17%
105% Feb
5
No par
12% Jan
18
Sep
21
58'A Jan
13% Jan IS
Jan
Jan
12% Jan
45
Jan
9% Mar
46%
Feb
19
I_2
Jan
Jan
Feb
59
3
2
17'A
30%
39
102%
68% Aug
17 % Jan
2
108% Jan
Feb
56
1
1
$6
I
No par
preferred
Truax-Traer Corp
No par
20th Cen Fox Film Corp.
No par
$1.50
preferred
,_No par
$4.50 prior pfd
No par
Twin City Rapid Transit.—No par
5% conv prior pfd
_50
Twin
Coach Co
1
Jun
52
18% Feb
18% Jan
43% Jan
.•
Jan
25%
26% Feb
Inc
St'l
Williams
&
13
Sep
13% Feb
102'A Jan
_——No par
Corp.
Tri-Continental Corp
2,500
19%
36
ft
Transue
110
111
*110
19 ft
*14
15
7ft
35
104
*102 ft
110
7%
19%
35
*44
7ft
35 ft
*19 ft
*18%
47
19%
*18%
19
Detroit
Dec
53
18% Jan 13
10
No par
_5
Transcont'l & West Air
19 ft
14 ft
20%
*110
_50
Oil
Associated
preferred
Water
21ft
14
*44
Tide
105%
20%
111
__1
common...
*104%
14
*109%
7,000
19%
104%
No par
Co
Avenue
38%
38 %
xl9
20ft
7%
10
:
Co
div> conv preferred—
600
14 %
7% '
2,100
105 %
*104
Ry
Mfg Co
pfd
Transit Corp-No par
Thomas Steel Co (Thei___
1
Thompson
(J R)
■
25
Thompson Products com
No par
4%
preferred
— 100
Thompson-Starrett Co
.-No par
$3.50 cum preferred
___No par
Third
200
16'A
58
6%
7
6%
15 %
57%
*
& Oil
Fair
$2%
10
14%
16
13
19
*15%
60
Pacific
conv
Thermoid
3,800
13%
19%
13%
14%
The
400
17
*59'A
60
*59
60
*58%
60
$2.40
-No par
101
100
5
No par
Jan
6%
14%
Jan
60
10% Jan 13
50
Jan 16
21% Jan 13
15% Jan 16
41
Jan 13
14% Jan 14
56'A Jan 3
16
Feb 3
11% Jan 14
55'A Jan 7
10% Jan 2
16% Jan 4
15% Feb 4
51% Jan 13
103
Jan 8
6% Jan 16
34
Jan 14
1
Producing
Sulphur
19% May
11%
7% Jan
17% Feb
2
15% Jan 13
56
Jan 22
5
.25
Corp
7%
Texas Gulf
6% Jan
5
Telautograph Corp
13
11% Jan 13
9
(James)
Inc
Talcott
6%
7
7
7
7
6%
6%
6%
6%
12%
12%
13
*12%
13
7
Oct
12%
110% Jan
16
105
Sep
19% Jan
28
16
Sep
38% Jan
6
37 ft
Oct
Jan
6
46%
Nov
102% Jan
3
102%
Dec
11%
Oct
24
Jan
Apr
48
5%
7
Feb
15
.
Feb
112
Jan
Feb
Jan
Mar
114
22% May
63% May
79
May
106%
Jan
9
43%
Dec
71%
Apr
15% Jan
29
11 %
Nov
26%
Jan
49
Range for Previous
STOCKS
LOW AND HIGH
SALE PRICES
Wednesday
Feb. 1
Feb. 3
Tuesday
Feb. 4
$ per share
$ per share
$ per share
Monday
Saturday
56%
57%
57 ft
57%
56%
57%
15%
15%
15%
15%
15%
15 ft
share
56%
15 ft
31
32%
31%
32
%
96%
95 ft
96%
96
31%
32%
32
96
95
96%
113%
114
*113
114
113
113
114
*107
112
*102
112
*102
112
100
100
100
100
100
100
*102
99%
21%
21%
134%
21%
Feb. 6
Feb. 5
$ per
132 ft
Thursday
$ per share
56%
56%
57
15ft
32 ft
31%
33
18,100
96
112
99%
21%
95 ft
93%
114
114
*102
*99%
21%
112
100
109
*108
36%
37
37
37 ft
37%
37%
18%
19 %
18%
19%
22
74%
42
42
42%
75%
31
*30%
33%
*30%
77
31
7%
*80
7%
80'A
31
30
7%
7*%
79%
79%
4%
7%
80
7%
80
3%
*50%
51
3%
51%
*9%
10
*9%
4
51%
9%
51
9%
92
'14%
90
90
90
90
89%
14%
14%
14%
14%
41'A
41%
4
*41%
42
47%
47%
47%
48
22%
23%
*23%
23%
16%
17%
107%
107%
42%
17
107%
13
•
13%
12%
12%
lift
11%
lift
11%
19%
20
20
20
"
107
♦105
ft 17%
99%
*105
107
18ft
18%
17%
100ft
99%
192
*188
*188
102%
192
;
32
31%
32
92%
31%
•91
ft 92%
49%;
49%
61%
•7%
ft 7%
30%
30%
23%
76
32
30
$ per
ft,
A
49%
23%
17
18%
*107% 107%
*12%
13%
11%
11%
48
23ft
19%
*105
17%
103%
104%
*188>
32
*92%
50%
49%
7%
7%
y;30ft
For footnotes see page 827.
107
17%
92%
30ft
20%
7%
30
192
32
9%
4
51
9%
90
14
14
41%
41%
48%
49%
*23% 23%
17%
17%
*107% 107%
13%
13%
11%
11%
29%
19%
*105
107
*17%
17%
103
103%
*188
192
31%
31%
»92%
7%
*7%
95
50%
, 8
30%
30%
30%
95
50%
50
7%
*80
3%
51
9%
7%
80%
4
51%
9%
31
7%
*80
4
51%
9%
3
80%
4%
52
10
92
90
90
14%
14%
40% 40%
49% 51
*23% 23%
17Vb 17%
107% 107%
13
13%
lift 11%
*40%
14%
41%
50%
23%
*88%
14%
19%
105
*17
103
190
*31
19%
105
17%
1C4
190
32%
*92%
*7%
95
50%
8
30ft
30ft
49%
$ per share
share
Highest
$ per share
Union
800
10,300
Union
4%
Union
Oil
of
Pacific
Nov
Jan
49%
23'A
17% 18
*107% 107%
14
14%
11% 11%
19%
*105
20%
107
17% 17%
105
106%
*190
194
31%
32
*93
49%
95
7%
52
7%
30%! 31
United Biscuit Co
Apr
33
Feb
39
May
15
98% Feb
7
88
Sep
125
Feb
4
111
Jun
115%
Apr
Jan
106
Feb
111
96
Dec
107%
20%
Nov
xll2ft Jan
29
___
Oct
Jun
99 ft Jan
H
101 Va Jan
Jan
16
22% Jan
7
125% Jan
16
135 ft Feb
3
110
Oct
168 %
105
Jan
3
110
Feb
3
102%
Oct
120 ft Mar
100
16
38
Feb
7
25
21
35% Jan
5
___
114
—
16
17% Jan
13
103% Jan
15
_
100
10
21.
Jan
16
19% Feb
32
3
Sep
16%
1
Feb
108
Nov
Dec
101
29
May
Feb
42 ft
Jan
37%
Jan
119
Nov
54'A
Jan
Jan
25% Jan
6
19%
Jan
2
33 ft
Feb
57 ft May
7
62
Sep
91%
31
Feb
4
23 ft
Oct
40
8
No par
United Carbon Co No par
300
United-Carr Fast Corp
No par
15,000
United Cigar-Whelan Stores
30c
.
30 '
$3.50 conv. preferred—.
.100
69,400
United Corp common
1
4.000
$3 preference
5
600
United Dyewood Corp
1
170 :
Preferred
^
_100
1,800
United Electric Coal Cos.
5
1,000
United Engineering & Fdy
—_5
23,600
United Fruit Co
No par
' 2,300
United Gas Improvement. Co__ 13%
56,200
United Mercl£)& Mfrs Inc com____l
90
5% preferred
.100
3,800 ' United Paperboard
__1Q
.18,300
United Rexall Drug Inc
2.50
.
23%
16
40 Jan 14
74 Jan 27
26% Jan 15
6% Jan 13
79 Jan 24
3% Jan 13
49'A Jan 2
8% Jan 16
88 Jan 14
13 Jan 13
39% Jan 23
44% Jan 14
22% Jan 16
13% Jan 16
107% Feb-3
12 Jan 16
10 Jan 13
.9,500
U S & Foreign Secur
No par
16% Jan 16
30
$4.50 preferred _
No par 104% Jan • 3
1,200
U S Freight Co:.
—No par
15 Jan 2
9,400 : U S Gypsum Co_,
_20
86% Jan 16
,
10
7% preferred
100 188 Jan 23
600
U S Hoffman Mach Cprp
i__5
29% Jan 16
60 :
4ft%■ preferred
^
^100
91% Jan 31
6,300
U S Industrial Chemicals No par x41 Jan 13
800 U S Leather Co—
No par
7 Jan 13
2,000
Partic & conv cl A
No par 25% Jan 3
.1,300
1,600
80% May
89 ft Jan
No par
__
conv
Sep
12
23
100
...
preferred-
preferred
United Air Lines Inc
5%
49
25
-No par
California—
RR Co_
Tank Car
7
15% Jan
25% Jan
series— -No par
United Aircraft Corp
58% Feb
3
No par
pfd $4.50 ser Nopar
non-cum
3
Jan
14
7
$3.70 series- -No par
$3.50
52% Jan
46
4%
16%
22%
42
51%
107%
106
15,500
106
*75%
*90%
13%
i/
22%
19%
43
75%
9%
42%
106
18%
*4275%
42%
75%
79
4
22 ft
800
38
38
75%
42%
76%
.
51%
'•
106
Un El Co of Mo
■
22%
23
43ft
*75
7%
7%
79
106%
22
22'A
23
32
•30
22%
*106
106
43ft
43%
74%
106
22ft
22%
43%
108
107
Preferred
108%
*107%
108
140
500
37
*106
150
2,400
110
19%
Preferred
-
6,300
110
18%
*102
10
22%
36%
108
210
134%
108%
109
12,600
108 Va
*36%
132 ft
Union
98%
112
132%
*107%
133
—5
Co
Paper
Carbide & Carb
114%
*99%
No par
__
Ruber
Union Bag &
95%
108%
22
21%
135 ft
Asbestos
*113%
132 ft
21%
19%
1,200
Union
'
15%
134%
19%
Underwood Corp
15%
21%
19%
3,300
58%
31%
113%
Lowest
Highest
Hie
$ per share
Par
Year 1946
1
January
Lowest
u
v/
56 ft
31ft
134%
19%
$ per share
*14%
21%
*36 ft
the Week
Shares
Feb. 7
15 ft
132%
133
Sales for
Friday
Range Since
NEW YORK STOCK
EXCHANGE
Jan
29
6%
Oct
17 ft
Dec
89
Feb
77
83
Jan
% Jan
31
52'A Jan
78
1.0
4
29
3ft
Oct
Oct
44
7%
Apr
May
Apr
Sep
Jan
56% July
Dec
16% Aug
71% Mar
105% Aug
8%
10
Feb
7
95
Jan
2
14% Jan
6
12%
Nov
21%
Feb
43% Jan
2
34 ft
Dec
56
Jan
Jan
2
41%
Oct
53% Aug
18%
Oct
Oct
51
24% Jan
>6
.
12 ft
18%' Feb
4
108ft Jan
30
104% Oct
14% Feb
7
.9% Sep
9% Oct
11% Jan 29
15% Oct
30%
Apr
22
Aug
110
Jan
15% July
18% May
32% May
20% Feb
7
Jan
28
101
Nov
18'A Feb
.3
13
Nov
93
Sep
132.
Dec
*205.
106
•
106 ft Feb
7
' Feb
6
190
187%
109% July
29%
Feb
May
Sep
33% Jan
6
26
Feb
47%
92% Jan
9
90
Sep
98% Aug
Feb
7
37%
Nov
62
7% Jan 30
6%
Sep
13% Jan
Sep
44
52
31
Feb
7
25
.
Apr
May
Jan
Volume
165
XSlumuei
^50/
THE
COMMERCIAL 3FWAHClAfc,CHB(^IChE
NEW YORK STOCK
Saturday
Monday
Feb. 1
44
44
70%
72
34
34%
102
47%
%
102 %
543/4
161
102'/2
55 %
54%
165
4161
47%
46 %
47 %
80
79%
793/4
102 V2
102%
55%
77%
76%
77%
77%
78 %
149%
149%
149%
443A
149%
44
148
U S Lines Co
400
4% %
4,000
U
S
1UU
:
*71%
32%
34
*102%
U
8
58%
7,000
102%
56%
4163 % .168
46
47%
79%
U
8,906
200
4,400
7934
500
75%
78%
50,200
147 %
1.4U0
preferred
3%%
U
—10
cum
38% Jan
—10
70
32
.
19% Feb
U
S
Tobacco
17
9
Dec
:•*>«$ 11% July
5
35
Nov
£ 60% May
7
39
2
36%
Dec
1023/4 Jan 15
100 "
Sep
13
3
48% Jan-16
147% Jail
6
42% Jan
7%
5%
non-cum
preferred
10%
United
United
Sto*«* $4.20
58% Feb
United
52%
Whll
4%
21%
cum
16
Jan
80% Jan
13
78% Feb
7
Jan
4
149% Feb
1
3
22% Jan
6
50
Universal
91
Universal Leaf Tob
185
8 %
29%
preferred
4 % %
Vanadium
Norman
Van
Raalte
No par
No par
Wabash RR 4%%
Waldorf
Walgreen
11%
11%
40 Va
12
11%
40%
11%
40 y4
11%
40%
40 Va
11%
40'/a
$ per share
11%
40%
11%
11%
40 Va
88
88%
90
88
89%
337/a
87 %
88
88
32%
33%
31%
32%
32
32%
31%
116
114 VA
114%
114%
116
119%
119
119
112
111
119
119
118%
119%
119%
119%
*111
112
111
111
111
111
1151/3
114%
115%
115%
115%
115%
115%
40 %
115%
*38%
39%
39%
39%
39 %
110%
110%
4114%
39
110
110
119 V4
*111
*110
111
25
Jan
14
91
6
77% Dec
Jan
16
17% Jan
33
101
Feb
6
Jan
39
26 Va
1
common
100
Bros Pictures
Warren Fdy & Pipe
Petroleum
5
No par
Corp
Washington
Waukesha
5
Wayne Knitting Mills
Wayne Pump Co
Gas
Lt
Motor
Co
No par
Co
5
115
99% July
123%
111
112
116
''114%
119
20
210
111%
111%
40
115%
115'A
140
39%
111
4,600
116
119
39%
40
2,800
111%
112
160
45 y4
178
Jan
72% Feb
3
Sep
86
Feb
17
Jan
16
17% Jan
25
15%
Oct
23%
Jun
33% Jan
27
36% Jan
7
33J/8
Dec
54
Apr
111
14
6
107
Inc
Jan
2
3
24% Jan
7
23 Va
Nov
29%
Oct
11'A Jan
16
13V2 Feb
3
9'A
Oct
20%
Jun
15
Jan
15
17% Feb
1
103% Jan
13
105 V8 Jan
30
15
Jan
xll% Mar
100
Sep
13
18% Feb
7
16%
Oct
16
23% Aug
28
Jan
31
22
Nov
50
Jan
31
Jan
13
39% Jan
30
18%
Jan
39
Dec
25% Jan
6
27
Jan
22
25%
Dec
35% Mar
30
21
Jan
20
23 V4 Jan
20
Sep
24 % Jan
13
25% Jan 29
20%
Oct
29%
16
41
Sep
31
Sep
47%
Jan
Feb
4
32%
33%
104%
33
27 Va
105
53%
X27 %
34
$ per share
$ per share
Lowest
,
$ per share
9% Jan
16
12% Jan
37% Jan
16
42
Jan
9
31%
86% Jan
21
90
Feb
4
85 Va
7
9%
1
29% Jan
110% Jan
3
118% Jan
27
34% Jan
3
114% Feb
5
121% Jan 14
108
100
115
preferred
Jan
100
109% Jan
3
112% Jan 14
106
Sep
114 Vb Jan
117% Aug
2
115% Feb
4
113%
Oct
119% May
40% Feb
3
32% Nov
Jan 27
lliy4 Sep
1%
6%
Sugar
Corp
Efeafcric class A—No
West Penn Power 4%% pfd
100
West Va Pulp &
Pap Co
No par
4%%
preferred
100
13
38
Jan
16
110
Feb
3
113
1
Auto Supply Co
Maryland Ry—
non-cum 2nd preferred
:
29
7% Dec
10
57
100
Jan
5%
100
14
27
Sep
Sep
Sep
71
Oct
18%
Oct
51%
34%
100
4101 Va
66
60
101%
66
103
4
63
101%
68
103
43
431/4
101
43%
44%
101V4
101V*
101%
33%
33
28%
17%
32 Va
28
17%
90
34%
33
28%
17%
4
17%
86
92
33%
33%
$3.75 preferred
Wheeling
&
Lake
34
28
29%
White
16%
17%
White Sewing
33%
92
33%
$4
Motor
conv
Prior
Wilcox
&
$4.25
Co
Pow
Woodward
Iron
Woolworth
(F W)
Jan
95
Dec
39
May
29% Nov
Jan
Jan
63
Aug
Jan
102% Jan
100
73
106
65
44% Feb
101% Feb
34
Zenith
thb
4t«
Radio
Feb
44
May
44
Jan
Feb
81 Va Sep
30
Nov
90
33% Feb
5% Oct
—1
9
Nov
12%
Sep
95% Sep
—No par
10
15%
Oct
105
36
12%
26%
21
101
21%
pfd__100
142
Mar
160
—10
34
Feb
Jan
Jan
July
July
Feb
Jun
Sep
May
62% May
74
Aug
100
Apr
103
May
75 Va
Dec
106
No par
59%
Oct
82% Apr
5
13 %
Dec
25%
Co
10
43%
47
Sep
87%
Corp—
Corp.
'Tr
Whin
Sep
Sep
84%
Products
*4
July
May
52
Co
& Towne Mfg
Zonite
27%
23% July
Co
25
Co»p
1
Spring & Wire
—No par
Youngstown Sheet & Tube—No par
Youngstown Steel Door
No par
or
Jan
62% May
107 JA July
11% Nov
York
u)m
Oct
Nov
90% Nov
21% Nov
Young
orlcM
Feb
36%
29% Feb
17% Feb
;—1
pfd 4%% series
100
Prior pfd 4%% conv series—100
Wright Aeronautical
No par
ask*d
Jun
107%
Prior
and
63 V4 Jun
45 J/4
Nov
Worthington P & M (Del)—No par
Yale
Jun
98
No par
Wrigley (Wm) Jr (Del)
Wyandotte Worsted Co
Jan
Dec
-,£—-20
Co 6%
Jun
Apr
91
—go par
Co
56%
53%
32% Jan
1
preferred
32% Jan
101
39%
12.50
Motors
Wisconsin El
Jan
41%
5
Wilson-Jones
35
90% May
13 y8 Jan
-100
Maoi Corp
Inc—
Jun
Oct
Co....
Willys-Overland
53 y4
116% Apr
-100
Oil Co
Wilson
Feb
Oct
Erie
preferred'*
Apr
Aug
Nov
No par
prefe?$fd
45
119
122%
26%
—No par
,
Apr
21%
Ry
,.100
5 xh %
conv
preferred—
100
Wheeling Steel Corp
No par
$5 conv prior pref—No par
White Dental Mfg (The S S)—20
34
486
ll*A
16%
43% July
89 % Aug
12 Va
Brake——No par
Westvaco Chlorine Prod
43%
28%
Air
34%
100 %
101 %
33
90
4
4
103
43 %
101
4
No par
Westinghouse
Westinghouse
.
35
60
B
51%
98%
104%
Highest
$ per share
par
West Penn
Electric Corp
3%% cum pfd series A
3.80% cum pfd .series B
Weston Elec instrument
X28 %
100%
4
28
Xl04%
53
499
34%
Feb
Sep
Sep
Sep
Sep
Sep
Indies
Class
98
34%
Year 1946
Highest
Western Pacific RR Co com.No par
Preferred, series A
-.
100
Western Union Teleg class A-No
par
96%
18% July
107% Feb
22% Jan
No par
No par
preferred
conv
4 %
26%
•Bid
105
preferred
$4
Western
84
Apr
Mar
22% Jan
5
Western
412%
4
56
Range for Previous
Wesson Oil & Snowdrift
West
7%
39%
May
68
Lowest
Western Air Lines Inc
22%
Apr
Mar
34'A Jan
Par
17'A
4
Jan
52
9%
66 V2
July
170
Range Since January 1-
Shares
520
Apr
Apr
53
EXCHANGE
1,800
89
32%
May
105
NEW YORK STOCK
40%
*
Feb
53
108% Aug
12% Jan
1
Sales for
Tobacco
Apr
May
5
the Week
Webster
Jun
51%
13
104 V4 Jan
preferred
Feb
Apr
Apr
113
29
No par
No par
new
Apr
58%
14
100
Jan
25%
20
69 V2 Jan
Warner
6,000
101
16
Jan
100
(Hiram) G & W
5%%
11%
40%
87%
33
*113%
18
3
No par
No par
Warren
$ per share
88
115
82
29% Feb
STOCKS
33 %
113 Va
Jan
13
110%
5
preferred
Walworth Co
Ward Baking Co
Feb. 7
33%
115
49"%
Jan
_100
preferred
Walker
Friday
88
4113 Va
Apr
Nov
*22'
119 Va Jan
A
Co
LOW AND HIGH SALE PRICES
40%
200%
pfd—_10O
System
25%
10%
May
91 ,i Nov
100
23
40 %
187
25
27
$ per share
3
100
.
Apr
2
Jan
25
38 y4
Feb. 0
22
Jan
100
prefered
26 Va
Thursday
Dec
21
partic
July
27'A Feb
99
44 V4 Jan
13%
Feb. 5
54
v
3
100
Chemical
24%
$ per. share
8 "
11% July
,
20
5
preferred
cum
17%
$ per share
18
13
75
$ per share
Jan
41
186
Jan
36%
Wednesday
7
10
7
Sep
Sep
18% Dec
8
Feb
Jan
Apr
Jan
4
94
Preferred
Feb. 4
Jan
22
:
14
100
Visking Corp (The) class
Detinning Co.
Tuesday
10% Jan 30
51
*
128
11
Vulcan
Feb. 8
100% Nov
Jan
16% Jan
Virginian Ry Co
6 %
preferred
Monday
6
23
div
4 %
Jan
Nov
184% Feb
preferred
Chemical Works
6%
Feb. 1
X90
34% Jan
2.50
Va El & Pow $5 pref
Va Iron Coal & Coke 5%
Saturday
14
Jan
3%%
40
8% Jan
90% Jan
Va-Carolina
18%
*
100
&
non-cum
Victor
105 >/4
26
Pac Ry_
Shreve
5%
17%
Jan
10
Chemical Co..
Vicks
106
102
20%
2.50
Inc
Vertientes-Camaguey Sugar Co_6%
Vick
9%
Oct
3
Co
Co
Jun
Sep
7%
8% Jan
Corp of Am
Van
55%
4%
5
-1
100
47
3
4
preferred
Jan
16
2
1
29V*
5% Feb
Jan
Inc.—.
Feb
20% Nov
11% Feb
Jan
.—100
Co
166
48% Jan
47
——.
Universal Pictures
88'
Dec
13
20
'.—i
.No par
Feb
97% Feb
13
»—*._1
Corp.
Inc—
89
Jan
106
Feb
84% Feb
Sep
65% Oct
142
Oct
Apr
-
Jan
50
Laboratories
40% Oct
X72
.Apr
Dec
80
187
8
.No par
——2
Steel
84
39%
T 106
5
~
pfd
Sep
48% Nov
'144 "" Nov
6
8
16
46% Jan 27
—,-1
d pfd_5
Inc—.
Paper
conv
Universal-Cyclops,
9%
6
21% Jan
non-c
$6 convex eferred
10%
59
7
163% Feb
78% Jan
25
.
Stockyards Corp
105%
Jan
68% Jan
.No par
25% Aug
9% Jan
44% Feb
—10
Co
$ per share
71% Feb
Jan
144
,
>
3
22%
48%
13% Jan
13
101% Jan
8% non-cum 1st preferred.
-100
U S Smelting-Ref & Min
—50
Preferred
2
—50
U S Steel Corp
.No par
common—,
Preferred
100
7
7
Highest
$ per shaft
Jan
-100
pfd series A
Lowest
"$ per share
22
9% Jan
—20
—
Rubber Co
S
16% Jan
Year 1946
Highest
«
.
$ per share
—1
Pipe & Foundry
Playing Card Co
Plywpod Corp
S
150
)
146%
763 4
148
Lowest
Par
"
793/4
x76V4
9,200
44 %
71%
46
46
149 34
43%
102%
79%
76 %
93/4
Range fer Previous
Range Since January 1
Shares
193/4
49%
168
46%
80
149 3/4
18 %
9%
55%
79
V4
19%
9%
4161
45%
'
EXCHANGE
1
18%
33
55
NEW YORK STOCK
$ per share
72
32 V2
165
$ per share
44VB
°71
34
Sales for
the Week
Feb. 7
93/4
43%
72
32 V4
Friday
Feb. 6
19%
-9%
44 V4
"71
34%
19
9%
43%
72
102 %
56
19 %
9%
44%
34%
165
-79%
9%
*70%
102%
55%
161
19
$ per share
STOCKS
Thursday
Feb.5
$ per share
19%
s9%
Wednesday
Feb.4
share
19
9%
44
4
$ per
19%
9%
Tuesday
Feb. i
$ per share
19
RECORD
LOW AND HIGH SALE PRICES
*1
fff-
Feb
Jun
Daily, Weekly and Yearly
Daily, Weekly and Yearly
Total
Foreign
Government
Bond
Bonds
and Misceh
dumber ot
Bonds
Sales
Bonds
Shares
Week Ended Feb. 7,1947
Stocks
United States
Railroad
Stocki,
Transactions at the New York Curb Exchange
Stock Exchange
Transactions at the New York
1,118,530
5,323,000
307,000
1,000
7,851,887
$27,057,000
$1,562,400
$37,500
$28,656,900
1,175,583
Wednesday
r-
Thursday
Friday
Total
315,400
$7,000
5,397,400
347,000
29,500
5,497,500
228,000
$37,500
1,562,400
27,057,000
$302,600
1,373,600
32,291,600
$164,000
8,408,100
145,575,700
$28,656,900
Total
$108,000
$9,000
$1,366,000
Friday
219,000
3,219,315
$1,249,000
11,845,500
212,469,400
$33,967,800
$154,147,800
Railroad & Industrial
237,000
229,000
872,370
61,894,432
Bonds
251.000
1,000
543,355
166,000
~
Jan. 1 to Feb. 7
1946
1947
1946
1947
31,408,680
Foreign-;
4.000
17,000
Wednesday
7,000
Week Ended Feb. 7
8,828,715
U. S. Government.
18,000
21,000
159,000
'
7,851,887
Stock*—No. of shares
263,000
42,000
241,000
448,285
1946
1947
1946
1947
287,000
1,000
242,000
538,815
7
Jan. 1 to Feb.
Week Ended Feb. 7
$3,000
531,645
TotaL
Total
$162,000
$3,000
Thursday
4,221,000
133,000
Corporate
$159,000
4,494,000
5,631,000
1,361,580
1,344,770
Monday
Tiioe/lat/
264,845
Foreign
Government
Domestio
Saturday
Monday
Tuesday
$3,416,000
$232,000
Foreign
Shares)
Week Ended Feb. 7,1947
1,974,510
Saturday—
Bonds (Par Value)
(Number
ot
$3,184,000
5,075,000
5,121,000
4,088,000
4,266,000
876,914
Monday, February 10, 1947
COMMERCIAL & FINANCIAL CHRONldLR
THE
828
3,219,315
5,617,775
11,452,216
30,470,480
$1,249,000
$1,762,000
$6,082,000
$13,171,000
108,000
251,000
938,000
2,168,000
9,000
35,000
54,000
84,000
$1,366,000
$2,048,000
$7,074,000
$15,423,000
Stocks—No. of shares.
$1,363,100
Bonds
Domestic
Foreign government.
Foreign corporate...
$225,678,000
Total.
Stock and Bond Averages
the New York Stock Exchange as
on
stocks and bonds
compiled by Dow, Jones St Co.
closing averages of representative
Below are the daily
listed
—Bonds—
fitocks
•
10
10
10
Total
10
Second
First
30
20
15
Total
Indus¬
Rail¬
Utili¬
65
Indus¬
Grade
Grade
roads
ties
Stocks
trials
Ralls
Ralls
ties
Bonds
trials
Date-
February
4
February
5
February
6
February
7
180.88
51.67
37.06
65.63
104.65
112.45
93.75
107.80
104.66
52.06
37.01
65.97
104.70
112.44
94.15
107.86
104.79
182.28
3
February
40
181.92
1
February
Utili¬
51.80
36 92
65.95
104.70
112.31
94.37
107.77
104.79
94.39
107.91
104.83
-
-
182.52
51.72
36.97
65.99
104.78
112.21
52.16
37.07
65.94
104.84
112.21
94.36
107.93
104.84
181.57
183.74
53.34
37.51
66.91
104.71
112.26
94.65
107.93
104.89
_
_
_
Bond Record
New York Stock Exchange
«»
FRIDAY
WEEKLY
-
-
YEARLY
Cash and deferred delivery sales are disregarded in the
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
The italic letters in the column headed "Interest Period" Indicate in each case the month when the bonds mature.
NOTICE—Prices
the
"and Interest"—except for Income
are
and defaulted bonds.
Figures after decimal point
HIGH SALE PRICES
LOW AND
Saturday
Feb. 3
High
Low
"102.14
102.16
"102.14
"106.8
106.10
"106.8
106.10
"108.20
108.22
*108.20
Low
108.22
High
High
Low
102.13
102.16
Low
102.13
*102.13
112.8
112.6
112.6
"102.6
102.8
*102.13
102.15
Low
High
*102.12
Bonds (S)
1,000
102.14
1949-1952
Treasury 3'/as
106.11
*106.9
106.11
*106.9
106.11
108.23
*108.21
108.23
*108.21
108.23
10,000
112.14
*112.10
112.12
*112.10
112.12
*112.11
112.13
2,000
Treasury 27/aS
_
102.6
*102.5
102.7
*102.5
102.7
*102.5
102.7
10,000
Treasury 2Vis
*107.10
107.12
*107.10
107.12
*107.10
107.12
Treasury 2 Vis
_
*112.27
112.29
*112.28
112.30
Treasury 2Vis
_
1951-1955
Treasury 3s
102.13 Feb
4
102.22 Jan
6
104.14 July
108.21 Feb
4
Feb
3
1028.21 Feb
112.6 Feb
102.6 Feb
4
3
4
110.3
Jun
112.21 Aug
102.11 Dec
1955-1960
112.6
1948-1951
102.6
Feb
4
"107.10
107.12
*107.10
107.12
"112.23
112.25
*112.27
112.29
"112.29 112.31
*112.28
112.30
"113.18
113.20
"113.21
113.23
"113.25
113.27
*113.25
113.27
*113.24
113.26
*113.25
113.27
Treasury 2Vis
_
"114.22
114.24
"114.25
114.27
*114.28
114.30
*
114.^8
114.30
*114.27
114.29
*114.27
114.29
Treasury 2Vis
-
"102.24
102.26
*102.24
102.26
*102.24
102.26
*102.23
102.25
*102.23
102.25
*102.23
102.25
Treasury 2V28
"104.15
104.17
"104.16
104.18
*104.16
104.18
*104.16
104.18
*104.16
104.18
*104.16
104.18
Treasury 2V2S
-
"105.13
105.15
*105.13
105.15
*105.13
105.15
*105.13
105.15
*105.14
105.16
*105.14
105.16
Treasury
2Vis
104.27 May
llTl8
Feb
115.26
Jan
102.12
Dec
Dec
109.22
Feb
113.12 Aug
115.23
Apr
113.3
Nov
107.5
1951-1054
*107.10
Highest
Lowest
_
107.12
102.6
*106.9
Range for Previous
Year 1946
1
Highest
Lowest
1947-1981
Treasury 4Vis
*108.21
*112.12
102.8
High
102.15
Range Since January
EXCHANGE
106.11
108.21
"102.6
Low
High
ef
point.
GOVERNMENT BONDS
NEW YORK STOCK
Sales for
the Week
108.21
*106.9
"112.6
Feb. 7
Feb. 6
Feb. 5
Feb. 4
Friday
Thursday
Wednesday
Tuesday
Monday
Feb. 1
represent one or more 32d of a
week's range, unless they are the only transactions
of such sales in computing the range for the year.
-
1956-1859
II
__
113.3
1958-1963
1960-1965
I
1948
105.7
"105.6
105.8
*105.8
105.10
*105.7
105.9
*105.7
105.9
*105.7
105.9
Treasury 2!/23
107.7
*107.8
107.10
*107.11
107.13
*107.11
107.13
*107.11
107.13
*107.11
107.13
Treasury 2J/2S
-
"105.2
105.4
*105.5
105.7
*105.8
105.10
*105.7
105.9
*105.8
105.10
*105.8
105.10
Treasury 2V28
104.24
"104.14
104.16
*104.26
104.28
*104.25
104.27
*104.24
104.26
*104.25
104.27
Treasury 2
Vis
106.16 May
104.11
104.14
*104.14
104.16
*104.13
104.15
*104.13
104.15
*104.14
104.16
Treasury 2 Vis
.
__
.
*104.12
"I
.
"104.22
"104.9
*104.12
Treasury
104.14
*104.9
104.11
*104.12
104.14
*104.11
104.13
*104.11
104.6
*104.6
104.8
*104.9
104.11
*104.8
104.10
*104.7
104.9
*104.8
104.10
Treasury 2 Vis
104.5
*104.5
104.7
*104.8
104.10
*104.7
104.9
*104.6
104.8
*104.7
104.9
.Dec. 1964-1969
1965-1970
Treasury 2V28
"102.27
102.29
"102.30
103
al03
*102.30
103
*102.31
103.1
"105.30
106
*106.2
106.4
*106.4
*106
106.2
*106.2
106.4
"104.7
"102.27 102.29
al03
106.6
*102.30 103
*106.2
106.4
104.13
102.28 102.28
102.30
102.30
*102.30
103
*102.30
103
*102.30
*105.22
105.24
*105.22
105.24
*105.22
105.24
*105.21
105.23
104.7
*104.3
104.5
*104.3
104.5
*104.4
104.6
*107.20
107.22
*107.20
107.22
*107.19
107.21
*107.20
107.22
*105.17
105.19
"105.16
105.18
*105.16 105.18
105.17
105.17
"105.21
105.23
"105.21
"104.2
104.4
*104.3
"107.15
107.17
*107.19 107.21
"105.12
105.14
*105.16 105.18
10,000
2
104.15 Jan 29
103.29 Jan
6
104.4
104.2
104.7
103.5
30
104.2
Jan
.1966-1971
104.7
Jan 29
June ly67-1972
Sept. 1967-1972
Treasury 2 Vis
Treasury 2y2s
103
105.23
2,500
Jan
104.4
103.1
.
r
-Dec.
Treasury 2 Vis
1967-1972
Treasury 2 Vis
108.4
Jun
107.27 Apr
Jan 29
102.24 Jan
6
103
Jan 13
Jan 30
Jan 29
Jan 29
Jan 17
1952-1955
Nov
107.4
Apr
103
Jan
107.9
Apr
102.22
Jan
107.19 Apr
102.11
Jan
107.9
Apr
102.11
Jan
107.10 Apr
101.16
Jan
106.15
106.28
Apr
109.15
Feb
101.15
Jan
106.16
Apr
106.15 Aug
1951-1953
Treasury 2yis
Jan
Jun
104.7
.1968-1968
2V28
104.9
"104.3
Jan
107.5
Apr
105.22 May
1962-1967
"104.4
107.15
108.4
1956-1958
,-June"l964-1969
Apr
106
1952-1954
.
"107.5
Feb
106
__
1949-1953
"105.5
118.23
118.15 Mar
__
-
1950-1952
Nov
105.29 Aug
II
Apr
106.15 Aug
Treasury 2y4S
"102.11
102.13
*102.14 102.16
*102.16
102.18
*102.15
102.17
*102.15
102.17
*102.14
102.16
Treasury 2 Vis
"102.11
102.13
*102.14
102.16
*102.16 102.18
*102.15
102.17
*102.15
102.17
*102.14
102.16
"101.2
101.4
*101.2
101.4
*101.2
101.4
*101.2
101.4
*101.1
101.3
*101.1
101.3
2 Vis
Treasury 2s
*101.5
101.7
"101.6
101.8
*101.6
101.8
*101.5
101.7
*101.5
101.7
*101.5
101.7
Treasury
2s
*102.8
102.10
"102.8
102.10
*102.8
102.10
*102,7
102.9
*102.7
102.9
*102.7
102.9
Treasury
2s
Treasury
*102.5
102.7
*102.6
*102.5
102.7
*102.5
102.7
*102.4
102.6
*102.4
102.6
102.11
*102.10 102.12
*102.11
102.13
*102.11
102.13
*102.10
102.12
*102.10
102.12
Treasury 2s
*102.14 102.16
*102.15 102.17
*102.15
102.17
*102.15
102.17
*102.15
102.17
*102.15
102.17
Treasury
2s
*102.17 102.19
*102.18
102.20
*102.18
102.20
*102.18
102.20
*102.17
102.19
*102.18
102.20
Treasury
2s
102.23
*102.22
102.24
102.22
102.22
*102.22
102.24
*102.21
102.23
*102.22
102.24
*102.28 102.30
*102.28
102.30
*102.28
102.30
*102.28
102.3O
*102.27
102.29
*102.28
102.30
Treasury 2s
103.4
*103.2
103.4
*103.2
103.4
*103.2
103.4
*103.2
103.4
Treasury 2s
*103.1
103.3
*102.31 103.1
*102.31
103.1
Treasury 2s
*102.21
102.8
*103
103.2
*103.2
*1C3.30
104
*103.30 104
*103
103.2
*103.2
•105.18
105.20
*105.20 105.22
103.4
*103.2
103.4
*105.20 105.22
*103.1
103.3
*105.20 105.22
*102.30 103
Treasury IVis
1«48
101.2
101.9
Treasury IVis
1950
101.4
J01.3
*101.1
101.3
*101.1
101.3
*101.1
101.3
*101.1
101.3
*101.8
101.10
*101.8
101.10
*101.7
101.9
*101.7
101.9
*101.7
this dav
a
No sales transacted
Odd
103.1
Treasury 2s
101.3
101.9
price.
-Dec. 1952-1954
103.2
105.21
lot
transaction
r
Registered
bond
transaction
_
—
102.5
Jan
6
10~8~17
Aug
Apr
Jan
104.16
Apr
101.4
Jan
104.7
Apr
102
Apr
102
Apr
Dec
102~8
Dec
Jan
103.9
Jan
Jan
10~3~22
Feb
4
102.22 Feb
4
102.16
Oct
104.3
102.20
Oct
104.14
Mar
Jan
103.13 May
103.3
*101.1
asked
2s
102.22 Feb
*105.19
*101.7
and
Treasury
6
8
1950-1952
*103.1
102.3
Jan
105.17 Feb
1949-1951
1949-1951
1949-1951
Sept. 1950-1952
1951-1953
1951-1955
June 1952-1954
Treasury 2s
102.5
8
107.14
103.7
105.17 Feb
*105.19 105.21
*103.1
*101.1
*Bid
1,000
June 1959-1962
Dec. 1959-1962
1947
March 1948-1950
Dec. 1948-1950
June
Sept.
Dec.
March
Treasury 2s
*102.9
1956-1959
.
Sep
102.8
1954-1956
Treasury aVis
1,000
104.22
103.9
*104.5
108.17 Aug
100.29
104.5
Ja~n~24
Jan 21
103.2
Jan 24
103.4
Jan 24
101.2
101.4
Jan 29
Jan 6
1953-1955
Jan~29
Jan
6
103.13 May
102.14 Nov
104.26
102.22 Nov
104.29 Feb
Feb
101.14 May
101.31 Mar
Sep
102.17 Mar
101.3
Volume 165
Number 4567
THE COMMERCIAL & FINANCIAL CHRONICLE
829
NEW YORK BOND RECORD
RANGE
Friday
BONDS
New
York
Last
Period
Sale Price
Exchange
WEEK
ENDING
FEBRUARY
Range
Friday's
or
Bid & Asked
Low
Bonds
Friday
Range Since
Sold
January 1
High
No.
Low
BONDS
New
A7s
-
J-D
112%
112'A 113
27
Stock
112 Va
114%
Cons
AChinese
3s
7s
or
Friday's
(Hukuang Ry)
M-S
J-D
15 »/4
..Oct 1961
$
bonds
A-O
"47
M-N
"47
1952
J-D
1953
M-N
1951
M-N
*
"47
F-A
NY 1-1693
—
lAAntiquia (Dept) coll 7s
—
94%
96
AExterial
11945
J-J
104
104'A
7s series B
28%
1945
28%
28%
2
J-J
25%
28'%
27
1945
28'%
J-J
7
25
28%
28%
28'%
27'%
28 %
3
27 y8
28'%
28 %
28'%
2
24
22
28%
22
1
22
22
22
22
f
s
7s
1st
1945
J-J
1957
series
A-O
s
AAntwerp (City) external
5s
28%
A-O
A-O
1958
"21%
—
J-D
100
J-J
Australia (Commonw'lth) 5s of '25-1955
External 5s of 1927
1957
109
1956
M-N
100%
1956
F-A
101%
1966
J-D
1949
M-S
External
s
I
6s
1955
External
f
7s
1955
107'A
99
(U S of)
external
8s
1941
J-D
8
91%
95%
13
19%
20%
"103 VB
"101%
104%
104%
J-D
114'/8 114%
12
112%
114'%
1953
J-J
107% 107%
5
104%
167'/a
s f
6%s of 1927
A-O
1979
A-O
1952
J-D
(Int reduced to 3.5%)
1978
• % funding bonds of 1931
due_.1951
Stamped pursuant to Flan A
(Int reduced to 3.375%)
1979
J-D
A-O
"112
A-O
"112
A-O
"75
112% 115
115%
—
—
No.
Ll|
m
...
54%
106 VB
107'%
107 'A
111
113
1
51%
54
65
5
62
65
53
1
52'A
54
1
63'%
64
—
64
"64
„
—
54
5
51
54%
—
64
65
54
2
—
54
—
52
52
60%
28
60 %
61%
61 'A
6
60'A
61'/4
60%
61 'A
21
601/2
61
61%
61
25
61
6
60'/2
61'A
83 %
1
"83'%
61%
68%
85
__
60'/2
68
73
85
831/2
83%
83'/2
83 %
83%
...
83%
57%
3
57'/8
58
57 VB
57%
4
57 VB
58
57
57%
83 %
57%
-
57
2
...
"56%
...
"56%
15
57
58
57
62
58
57
57%
1
57 Va
57%
57
57%
3
57
57%
...
57
57
5
56%
57
...
"58
...
...
58
"56%
...
__
57 3
...
__
63
57%
58
57%
57%
57%
65
57%
57 Vb
63
"56%
"56%
...
1
57
58
57%
57
57%
10
57
57%
57%
57'%
57 %
6
57%
57'/2
57
57%
57%
—
No.
—
27
3%8
Series
No.
28
"56%
...
...
3%s Series No. 29
3%s Series No. 30
--
-
(City) s f 5s
Sinking fund gold 5s
Sinking fund gold 6s
A6a
1957
s
4y8-4%s
1977
s
f
fund
6s
s
2
99%
1
101%
102 Va
2
101%
102%
100
101%
100 Va
17
F-A
Jan 1961
J-J
Sep 1961
Sep 1961
100 V-i
99%
100 Va
7
100 'A
100% 101
96
108% 108%
109 % 110'/4
—
34
M-S
1962
A-O
1963
M-N
1957
1957
J-D
1961
J-D
1961
81
26
15
25 'A
25 'A
1
x24 '/2
24 %
10
25
25
1
29
97%
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1961
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1969
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1964
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A-..1952
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1960
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s
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rr
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10
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1945
assent
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J-J
1942, agree.1963
lATreasury 6s of 1913
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1943
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A-O
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1960
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1968
J-J
1933
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14
14
14
39%
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1942, agree.1963
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-1958
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,
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1958
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104
2
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rel 3y2s series B
sec
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99%
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45
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36
37
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—
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1959
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a
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a
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1961
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1940
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33
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A-O
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AExternal
sec
-32
J-J
33
25%
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24%
15
23
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26
64
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108
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—
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32
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—
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26
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8
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_2
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SECURITIES
FIRM TRADING MARKETS
f*ARL MARKS & P.O. INC.
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FOREIGN SECURITIES SPECIALISTS
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1
—
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32
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30
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25%
23
—
30
26
24
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23
23%
21
__
—
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—
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19
__
22%
1961
A Porto
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21
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a
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82
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102
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page 833.
102
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see
108%
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1963
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3
82
1
AGuaranteed sink fund 6s__
101
109
A-O
1962
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82
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1960
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1960
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'•■98
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1976
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f
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1950
s f 4y4-4y2s
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A Chile
M-S
1958
stamped
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102
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-r
—
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64
_
..
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a
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58
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__
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J-J
1955
..
57
61
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1942
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„
„
■
17
110
..1962
|A2d series sink fund 5'/2s
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20
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9
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—
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81
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56
104
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—
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104
113
__
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3%s Series No.
103%
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65
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-7
1
ext)
Minaa Geraes
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9
53
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6%
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53 Vs
__
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1979
96
95%
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109%
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—
A
1957
108'%
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A
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20
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Greek Government—
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26
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113
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__
22
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s
—
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f
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s
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s
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..
1949
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1948
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1947
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60
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1946
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120
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1970
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f
s
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of
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AChilean
.1980
York
High
New York City
Transit Unification Issue—
3 % Corporate Stock
7
Week's
Interest
Stock
FOR
50 Broad Si., New York 4, N. Y.
Telephone HAnover 2-0050
Teletype NY 1-971
THE COMMERCIAL &
Monday, February 10, 1947
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE
Period
Exchange
Stock
York
New
WEEK
ENDING
FEBRUARY
Last
or
Sale Price
Friday's
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Low
High
7
Week's Range
Friday
Week's Range
Friday
Interest
BONDS
FOR
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New
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Last
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Sale Price
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Friday's
or
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Bid & Asked
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January 1
High
No.
Low
37 %
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Low
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BONDS
Range Since
January I
253
32%
High
fBurllngton Cedar Rap to Nor—
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..1940
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reduced to 2.5%)
1999
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1968
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2012
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—1966
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2004
(Int
1967
municipal loan
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1952
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32
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37%
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36
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37
2
37
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series
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J-J
113%
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67
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55
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--
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16
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98%
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assented
1958
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95 3',
101%
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29
96
99
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5
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—
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32
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16
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4
16
16
158
1987
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39 %
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37
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43
31
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107
to Aug 1 1949).
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(partial redemption)__1942
stamp
' 107
51(4
51
consol
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13
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107
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1
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7
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489
87 %
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26
103% 104
99 %
54 3
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71
47
54%
62
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57
62
45%
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38
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103%
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101%
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61%
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1983
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40
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1956
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1994
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1969
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1967
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1995
97 3
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4
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24
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3
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6
94
95%
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98
95
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1995
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to
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to
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mtge
1964
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mortgage 4s
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1948
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1948
108
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61
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482
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243
78%
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4y2s__Jan 1 1999
inc
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131%
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116%
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1966
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66
77
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2
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-
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M
1934
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1952
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255
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1960
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26 7
24
26 7
526
1951
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27
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%
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1951
a
ref
to
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Oct 1 1946) due
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ser A (Int at 1%
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1
1946)
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1946)
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J-D
73%
72 3
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84%
83
74
4
84 "'a
27
73 %
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58%
57%
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360
49%
58 3
City Investing Co 4s
95
98
J-J
4
—
88%
88%
94%
95
—
98%
98 %
1951
1951
A-O
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93%
98
89
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18
91%
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1960
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2
"128 '/, 132%
1961
1
99%
Bethlehem Steel Corp—
ser
I
1970
J-J
ser
J
1975
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1967
M-S
1955
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,
1961
95%
98%
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J-J
3%
■
(Interest
■
see
99%
14
page 833.
102% 103
53
&
99
128%
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101%
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10
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75
76%
5
103
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99
100
103
103
104
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88 3
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6
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s
s
89 %
75
62 %
65
54
44
7
1st gtd 4%s
gtd 5%s
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f 4%s series C
_1947
Af-N
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J-J
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104
—
—
__
71
104%
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1973
1977
A-O
107%
& Elec
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M-S
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65
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105%
63 %
1970
1955
6
5
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103%
104%
100%
101 Va
1061/2
1071%
1021/4 102 %
1
100 %
102%
103 % 103%
15
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104
71
109
106 %
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71
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__
10
17
108 7 3
3
82%
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92
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95
109 %
109
22
63%
138
55%
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106% 106%
16
105%
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58 3
4
__
56
105 %
--
109%
—
108 %
--
—
103%
100'%
100 % 101 Va
104%
104'% 104%
103
2
—
108% 108%
103
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107 %
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108
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J-J
98%
77
4
109% 109%
J-J
A-O
99
83
107 %
%
104
F-A
F-A
104 %
__
283
93%
115
Commonwealth Edison Co—
series L
1977
Conn Ry & L 1st to ref 4'/2s
1951
Conn River Powr s f 33As A
..1961
Consolidated Cigar Corp 3YtS—..1965
Consolidated Edison of New York—
3 '/as debentures
—1948
3'/2s debentures.:
1956
3%s debentures
1958
4
105
122%
82
--
79 3
107 % 107
107
A-O
A-O
102%
34%
97''2
,
108
*__
A-O
44
Sou Ohio
109
104 %
34%
76%
*104
M-N
91%
Gas
98 1
82%
109%
92%
109%
71
99
21
F-A
1980
(stamped modified)
1st mtge 3s
100 33 loons
69%
1948
1950
1961
1972
56%
at
Af-N
J-J
43
88
*106
—
M-N
79%
*76%
Colorado & Southern Ry—
Columbus & Tol
104%
1990
82
—
gtd
3%s gtd
Cleve Short Line
J-J
1970
3s
Pittsburgh RR
J-J
"l
115
105
34
112%
88
97%
J-D
J-D
13
98
85
J-D
1991
4s
gold 4S
tr
3%s
Series
it
J-D
98
44
34
__
104
104
f-a
1977
series E
Ilium
Elec
to
C
1st
103
103
F-A
1957
34%
1993
.
Div
coll
1st
Div
Cleveland
99
*100
65
X969
to May 1, 1947) due
For footnotes
98'/4
128
44
Af-N
27/8s
modified
Wab
St L
4%s
impt
Series
F-A
1950
1974
Buffalo Niagara El 1st
mtge 2%s_1975
Buffalo Rochester & Pgh Ry—
Stamped
4
M-N
i960
debenture*
mtge
99
*100
A-O
i960
BKjrn Edison
cons M 3y<s
BHyn Union El 1st gold 5s
Bfclyn Union Gas 6s series A
102%
__
AInc mtge 4y2s ser A
July 1970
tABoston ANY Air L 1st 4s
1955
t
&
B
Cleve Union Term
1st gold 4%s series JJ
1st mtge 4s series RR
*34%
a-o
1993
.
series
Cleveland
99
debs
gold 4s
86%
"100
Bcston to Maine 1st 5s A C
1st M 5s series II
a-o
Louis Ry—
& St
Chic
Cleve Cin
7
Cin
■
Beech Creek Extension 1st 3 Vis
S
2%s ser G
26
89
>-3
mtge 23/4S
mtge 23/4S
gtd 3%s series E
General
1951
*
1st mtge
1st mtge
Bangor & Aroostook RRstamped
106-%
1943
1969
1974
1966
1961
731/2
1959
Toledo Cln Dlv ref 4s A
104
108%
105%
106% 106%
104% 105
63
106%
18
J-J
M-S
112%
63
106
107%
1952
f-a
61
J-J
4
103
a-o
126
M-N
93%
85
106 %
1975
73%
F-A
92
80
3
1st mtge 2%s
73'.2
peb 11960
1
4
Cine Gas & Elec
72%
100
4
84%
72 "2
99%
107%
75
73 %
27%
103 3
t A Choctaw Ok to Gulf cons 5s
73%
57%
104
103%
74
M-S
21%
107 "2
6 3 "4
128
7.3%
53 %•
48%
4
103 3
1957
1952
M-S
1950
Cons
D
1996
due„
106% 106%
J-J
80 %
78%
44
—
93%
1962
4s
conv
ref 4'As series
2000
1951
Cons
J-J
tSAChilds Co deb 5s part paid
101
to
S'west Dlv 1st M (int at
3Vi%
to Jan 1 1947) due
4s
1963
1963
Station—
2%s ser G
10
89
*85
Cincinnati Union Terminal—
Pgh L E to W Va System—
Ref gold 4s extended to
•
94%
141
to
due
Con ref 4s
Union
1st mtge
101
§ADebentures 5s part paid
due
Ref to gen ser F (int at
1%
Sep 1
95%
65
to
1995
(int at ll/5%
to Dec 1 1946) due
1995
Ref to gen ser D (int
at 1% to
1
100
99
1st to
Ref to gen ser C
Sep
100
Chic to West Indiana
July 1948
gen|
A-O
93%
J-J
66
72%
__
99% 100
J-J
1994
1st mtge 3'As series F
July 1948
Stamped modified bonds—
1st mtge gold
(Int at 4%
Ref to
„_.1994
23/4-4'/4s
M
2%-4'As
Income
59
104
*98
J-D
1st
B
a
*102% 105
J-D
1951
a
Chicago Terre Haute to S'eastern Ry
Baltimore to Ohio RR
1st mtge gold 4s
232
SARefunding gold 4s
35 %
102%
22
65
__
107%
105%
7
—
--
78%
deposit
F-A
J-J
Memphis Div 1st gold 4s
Atlantio
*101%
--
stpd
1988
of
Apr
53%
7
11
1st
4s
A Certificates
106%
33
99
105%
Apr
129%
25
105%
Apr
2044
116%
106
35
105% 105%
1 2019
Jan
53
2
98%
1
A Jan
B
ser
5
99
RR—
60
_
117 % 118%
to
3s ser B
AGeneral
July 1952
mortgage/3%s
Atlantic Coast 1st cons 4s
129% 131
*116%
116 %
M-N
Ry—•
1963
1st
Atlantic
130
A-O
July 11995
July 11995
4s
inc
conv
1st mtge
4s
Paul
St
%
Chicago & North Western Ry—
2nd
Adjustment gold
8tamped 4s
85
Ind to Louisville Ry—
1st mtge 4s ser A
Gen mtge 4y2s Inc
106%
Atchison Topeka to Santa Fe—
General
88%
52
4
80
133%
101%
105 %
42 %
140
23
78
104'% 1047
84'%
85
66
—
35%
82%
85
J-J
104
100 %
140
*140
M-N
J-J
114
7
113% 114
F-A
112%
6
114
114
J-J
45%
37
163
45%
43%
45'%
1985
1982
124
*122
1977
1985
142%
142% 142%
106% 107
1989
^1958
ref 4 %s
to
104
106% 106%
185
104%
51 %
103%
M-N
98% 100
A-O
107
48
F-A
101% 103
A-O
107
M-S
1989
gold 4s
104
J-J
101%
1962
105%
10
104
98%
Amer Tobacco Co deb 3s
38 debentures
105
to
101 %
116
40
105 "4
106%
15
f-a
106%
20
A-O
26
45
106%
Y Power 3s
35
26
102'«
1,544
86
37%
39
1987
39
J-J
,__1961
8212
82 %
J-J
1986
119%
27
110%
A-O
J-J
2%s debentures
117
64
26
9
27
26
129%
118'%
16
12
64
F-A
J-D
4
6412
A-O
debentures
CO T—(
67 1
1975
conv
101 %
76
15
2%s debentures
2%s
97' ■4
15%
15%
129% 133 %
M-S
12
106 %
AGen
129
103%
63%
67%
j-j
1961
Chicago Gt West 1st 4s series A___1988
111
2
--
100% 101%
101 %
j-d
1987
Chicago to Eastern 111 RR—
A Gen mtge inc (conv)
1st mtge 3%s ser B
Chicago to Erie 1st gold 5s
98'%
101'/4
107 %
78
104 %
103 3
.1959
1st to ref mtge 3 Vis
1st to ref mtge 2%s
»/4
100 >/4
5
1011
101 y4
Af-S
American Telephone to Telegraph Co.—
3s conv debentures
1956
2%s debentures
1980
109 >/,
108%
78
1974
1st
A-O
M-S
2030
Foreign Pow deb 5s
109
104
103
A-O
1956
debs__
2s
106%
108
78%
103%
103
a-o
General 4s
100%
104
108%
"104
"10834
100%
"100%
1967
Alleghany & West 1st gtd 4s
106
103%
1959
t A Chicago to Alton RR ref 3s__
1949
Chicago Burlington to Quincy RR—
104
Af-S
1947
1st mtge 3%s
1972
Albany & Susquehanna RR 4yaS—1975
104'%
■72
Champion Paper to Fibre deb 3s_._1965
Chesapeake to Ohio Ry—
General gold 4%s
1992
Ref to impt mtge 3%s D
1996
Ref to impt M 3y2s series E.____1996
102
AND INDUSTRIAL COMPANIES
1948
Power
50
"108%
106:
*26
2d
Adams Express coll tr gold 4s
Coll trust 4s of 1907
Alabama Great Southern 3 Vis
106%
M-S
.1945
1st gold 5s
R to A Dlv 1st
RAILROAD
112'%
1987
58
97
14
21 %
16%
II
5s
5%s series B
registered
Central N
98'%
19%
-
21 %
F-A
119
a
111%
100
90
60
101
*84
100
gold 4s
4s
(4%%
1979
119%
117r
26
Central Pacific 1st ref gtd gold 4s.1049
1st to ref series A
—1171
120 'A
1
112 Va 112!
F-A
F-A
registered
IA Central
F-A
1st
gen 5s series C
Div pur money gold 4s
AGeneral
"115
J-J
119
118% 119
Nov 1945
gold
New Eng
A 5s
"115
J-D
6
1965
* A Central of N J gen gold 5s
26
1946
M-N
114 '/4
119
77
"120
1978
U P
gen
AChatt
9%
J-J
Af-N
113%
1141
1951
mtge 5s
to
85
10%
F-A
1964
1131
5
119% 119 %
1948
17
9%
1957
1960
7
of Georgia Ry—
A Ref
"101 % 101 %
6s_-
13
119
i960
54%
26
a
120%
113 »/4 113%
119%
A-O
S ACcnsol
10%
J-D
120 V4
A-O
deb stk perpetual
Central Illinois
10
12
J-J
1981
§ A 1st
11%
6103e
112
1956
1965
50
29
77
112
__
110
1955
1st
§ A Mobile Div
75
"106%
104%
107%
"105
112
F-A
1
53
53
J-J
1970
A Cent Branch
65
55
a
5s
Clinch to Ohio 4s
Adir
&
A Ref
J-D
extl conv
gold
gtd gold 4s
Celanese Corp 3s debs
Celotex Corp 3JAs debs
—
—
55
59 7
106
68
55 %
--
J-J
4.41/4 .4 yaS extl readjustment—1978
3'/as extl readjustment
1984
A4%s
J-J
31%
—
c
J-J
($ bonds of 1937)—
3%-4'/a 4As
1957
Oct 1969
fCentral
1958
External readjustment.
External conversion
AWarsaw
*59%
6s
sink fund
AExternal sink fund
3%s-4-4Mi%
M-S
1962
Sydney County Council 3'/2s:
AUruguay (Republic) extl 8s.
AExternal
A-O
66
66
95
105
104%
J-D
M-N
64
--
--
3s
1st
1902
68
—
94
21
105 %
105
1978
Can Pac Ry 4%
M-N
assented
103
18
95
94
95
1974
31%
--
66
M-N
7s
Power
gold 5s
Guaranteed gold 4%s
Guaranteed gold 4'/2s
Guaranteed gold 4%s
36
36
—
—
1958
(Prov of)
Elec
Guaranteed
__
37
—
—1962
extl
sec
„
103
102%
Canada Southern cons gtd 5s A
Canadian National gold 4y2s
48
__
(Kingdom)—
external
B
0
J-J
1978
A-O
37 %
37 %
c
Calif Oregon Power 3'/aS
—
X A Cent
Serbs Croats to Slovenes
1960
a
5s
Guaranteed
J-J
1940
Stamped pursuant to Plan A
(Int reduced to 3.5%)
j-j
37'A
38%
—
36
J-J
2012
f 7s
—
--
"31
1968
Stamped pursuant to Plan A
(Int reduced to 2%)
s
*37
M-~N
2004
A6s extl dollar loan
1955
36%
A-O
31
38 %
40
*32
1956
Consolidated
California
M-N
1999
Stamped pursuant to Plan A
(Int reduced to 2.25%)
lASecured
38 %
*31
J-D
31
32%
ti
A7s extl water loan
A-O
1952
..
4s
37
34
*31
JIj
1950
1934
of deposit
1st
Bush Term Bldgs 5s gtd
M-N
1999
A8s external
Terminal
30'%
37
Bush
33'%
37%
*33
1936
8s
(State)
Stamped pursuant to Plan A
(Int reduced to 2.5%)
fAlst to Coll 5s
40
38
—
A Certificates
2004
A7s
45
*40
A-O
103
__
—
106
—
106 Va
__
110 %
--
109%
--
108
--
82
100%
102
9
102'/4
103%
5
104
104%
H»iuWWHiliffl,rii<HiaMTfiir-"fr"V'
—
■
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THE COMMERCIAL & FINANCIAL CHRONICLE
Kolume .16$ yNumber 4567
83
NEW YORK BOND RECORD
RANGE
FOR
WEEK
ENDING
FEBRUARY
*
Friday
Interest
York
Exchange
Stock
Last
Period
BONDS
New
Sale Price
or
Friday's
Bid & Asked
Low
SAConsol Rjr non-conv
A Debenture
4s
*
A Debenture
Consumers
—1955
J-J
J-J
41 Va
—
1st mtge 2%s—1975
1st
A Deposit
A7V4s
A 6s
5s
1st
RR
—1952
J-J
1
105 % 105%
21
104
J-D
receipts—.—
15
85 Va
*42 Va
'
J-D
194§
.
4
51
85 Va
_—
1946
61
J-D
'
44
44
*43%
--
44'A
44
2
York
Stock
39
41%
El Ccr.t and Chic St L & N O—
Joint 1st ref 5a series A——1963
■
1st & ref 4 Vis series C——
105
106%
104
Ind 111 & Iowa 1st gold 48^—1950
61
61
48%
51*
Indianapolis Union Ry Co—
Ref Ac imp 2lis ser Ci—
86%
1945
11
A-O
N
Y
Lack
&
44
5s
C
ser
Af-N
97%
96 Va
973A
mtge due;
Morris & Essex division
Coll tr 4-6s
Af-N
May 1 2043
Delaware Power
&
Light 3s_
tDenver & Rio Grande
5 A 1st consol 4s
gold
-1973
General
—
*87 Va
A-O
series
F
-1965
J-D
*96%
8
100%
1
98
83 Va
100 Va
71
/
98% 100%
97%
—
64 %
65 Va
75
A-0
28%
26»/a
293/a
307
J-J
573/a
59%
14
J-J
A-O
57%
59%
18
52
6S series A
1952
——
1956
-1956
103%
104
-
,—1944
-1972
1952
■
-
-
101 %
100 >A
Af-N
J-J
633A
123
101% 101.3/4
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101 &
101 a9a
55
-
li'
65 Va
21%
;
13
35
30
;
« :
59 Va k
59 Va
J.
ft
99%
102%
90% 103
k
101 3*2 101
j
105 3/a
1043/4
■'
94 Va
85
'
:
■'
97%
83
90
f
98
51
A 1st
4*1.
12
k,:.
98%
1003A 1003A
J-J
"4
53
90%
60'A
47
53%
J-D
1976
Jones & Laughlin Steel 3 ViS—1961
Jf-8
104 Vi 104 Va
60
103
104'/a
J-J
103 Va 103 Va
10
103
104
105
105
60'A
91 Va
93
63
93.-kk
J
ik. V
58
59
108 Va 1083/B
66
63 Va
67
--
66%
10
68
320
108
K
1093/4
36
58%
66%
Kanawha & Mich 1st gtd gold 4s—1990
A-O
59
68
Kansas City Southern Ry 1st 3s
1st mtge 4s ser A
1950
A-O
1975
A-O
F-A
6
5'A
6
A-O
--
A-O
7%
8'A
Kansas City Terminal Ry 2%s
1974
A-O
8lA
Kentucky Central gold 4s—
Kentucky & Ind Term 4Vis
Stamped ——
,
1987
J-J
1961
J-J
*62
1961
J-J
*107
1961
J-J
*112 '/a
1961
J-J
1997
A-O
—1964
A-O
1959
M-8
1997
1997
J-D
—1975
Dso
201
7%
406
60'A
88
5
56'/a
•
10734
107% 108'/a
19
5'A
5
53%
60 V»
1073/4
108%
Plain
4lis
M-S
108%
108% 108%
6
108%
1083/4
1970
j-d
108 '/a
108% 108%
9
107 s/8
109 Va
Detroit & Mackinac 1st lien gold 4S.1995
A Second
gold
4s
1995
j-d
*65
68
j-d
"52'A
60
Detroit Term & Tunnel 4 Vis
1961
Af-N
107% 109
1976
Af-S
mtge 3Vis series G
Tol & Ironton RR 2 %
Chemical
*99
91
82 Va
92
J-J
AAdjustment 6s series A—July 1952
1966
Dow
*84
85%
A 1st 5s series B
58
F-A
1978
Gen & ref 3s series H
Det
J-D
J-J
■
!
'*
9m-97
!
43%
58
—
j-j
1955
impt 5s series B—
Gen & ref
50
443A
59%
j-j
1936
4Vis
Detroit Edison 4s
135
91
44
—
—
1936
A Assented
A Ref &
97
88 3A
RR—
f 5s
s
95%
91
43%
JDenver & Rio Grande Western RR—
a
-
97
,
High
Jersey Central Pow & St 2%s
Af-N
1993
.
Low
\.Y
James Frankl & Clear 1st 4s——1959
1973
income
SAConsol
__
104% 10434
January 1
No.
High
43
Western div
1st & ref M
a
*103 Va
Range Since
Sold
f International Great Northern RR—
85%
International Tel & Tel 4Vis
J-D
1965
Delaware & Hudson 4s extended
1963
Delaware, Lack & West RR Co— ■
Bonds
43%
___
104% 105%
__
Friday's
J-D
-1988
gold 5s series
lAInternat Hydro El deb 6»
Int Rya Cent Amer 1st 5s B—
A-O
or
Bid A Asked
J-D
1st ref mtge 4s ser D1963
Illinois Terminal Ry 41 ser A—1970
103
•
D
1878
Last
Sale Price
■
-1963
A 1st
Dayton Pr <fc Lt lat mtge 2%s_
Dayton Union Ry 3y«s series B
Deere & Co. 2%s debs
Interest
Period
.
Exchange
Low
43
36%
•
61
„
353A
2
*100% 101%
New
High
37 Va
50
B deposit rets
ser
Low
7
41%
BONDS
January 1
No.
43
104
...
M-N
—
gold
A deposit rets——
ser
42 Va
105 Va
J-J
1st 5 Vis
Deposit receipts
ACuba
43
M-S
:—1965
1966
1942
debs
3'As
3s
mtge
! A Cuba Northern Ry
Range Since
Sold
*41 Va
—1956
—
Baking
Crucible Steel
a
J-J
4s
Power
Continental
deb 48—^.1854
High
Friday
Bonds
ser
B
94
1961
j-j
j-j
35
Duquesne Light 1st M 3s
M-N
2.35s
;
1965
94
101
101
ISADul Sou Shore & Atl gold 5s__ 1937
34%
107 li
62 3/4
107
65
54
~6
54
104
—
unguaranteed
Kings County El L & P 6s
Koppers Co 1st mtge 3s
JAKreuger & Toll 5s ctfs
*101
104% 104%
103 %
103 V2 104
*103%
8
104%
104 Va
82
103%
104
-
122
"121V4 126
65
71
108
112 Vs
180
*181 Va 185
108
112 V*
—
180%
105%
104% 104%
1
104%
37/e
35
2%
109
2
92%
20
100 'A
101 Ve
35
99
313/4
11
106 V4
n
3%.;!
94%
101
3
!
107 Va
36
107%
•
Lake Sh & Mich Sou gold 3 Via
3Vis registered;
Lautaro Nitrate Co Ltd—
*101V4 114
101 Va
*93
J-D
100
98 Va
81
81
102%
.
A 1st
East Tenn Va & Ga Div
1st 5s
1956
M-N
1st cons gold 5s
1995
1970
j-j
*155
Af-S
*105%
1965
A-O
1965
Ed El 111 (NY)
A-O
Elgin Joliet & East Ry "3 'As
El PasO & S W 1st 5s
5s
stamped
*121
121%
120%
*108'A
115
1
—
S F mtge
1st
inc
mtge
cons
105%
109%
112%
112%
113
1st & ref sink fund 5s—
mtge 3 Vis
2015
1990
1st cons mtge 3Vis ser F
1st cons mtge 3 Vis ser Glst
2s
cons
Ohio
Div
j-j
j-j
1953
mtge 3V4s—
77%
80'A
*102
'93 Va
__
93
Af-S
1971
H
ser
1st
A-O
—2000
E
j-j
1964
series A
ser
58
M-S
80'A
75
80V4
A
stamped
95
__
--
1
93
94
10
100 %
100 V4
--
105 Va
105%
Af-S
1956
M-N
18
104%
1053A
101
7
100%
101
67
70
14
106
106
2
101
63'/a
72%
65
Gas & Elec of
Berg Co cons 5s
1949
General Realty & Utilities
Corp—
--
inc deb6
78
series
4 Vis
series
series
B
Gen
ser
mtge 2%s
ser
ser
115% 116'A
J-J
104
104
65
106
106
105%
105%
77
102%
—
115 %
131
80
«—< 0 CO
—
IO43;
104%
4
101
104'/4
Little Miami gen 4s series A
Long Island unified 4s—
Guaranteed ref gold 4s
Co deb
debentures
Gas
Louisville
&
lst
St
&
ref
&
ref
Louis
102%
B
w
i
1976
3
84
85
1063/4
71
Af-N
68
85
100%
71 Va
100% 101 Va
28
7
368
30
Hocking Valley Ry 1st 4Vis
1937
J-D
1949
F-A
A-O
89
101'A 101 'A
86 Va
84%
*
63
23 Va
2
•j-
88
M-N
1957
-Feb 1957
1st 5s A
income 5s
*139'/8
j-j
1962
101 Va 101 Va
M-N
1970
109 %
58%
21
86 %
Collateral
trust
gold
A-O
*101%
——
10
63
34
A-O
101'A
1955
M-N
100
1952
4s
Purchased lines 3 Vis
Collateral trust gold 4s
Refunding 5s
40-year 4%s
Cairo Bridge gold 4s
J-J
-1953
M-N
1955
M-N
I1966
F-A
1950
J-D
Litchfield
Div 1st gold 3s
1951
Louisville Div & Term
gold 3Vis_1953
Omaha Div 1st gold 3s
J-J
J-J
23 Va
99'A 101'A
99 3A
84
—
—
N
100
100 Va
101
104
100
136
13
4
101
34
1
98% 100'A
54
103% 104 Va
31
81 V»
84
*107% 1093/8
183
__
*99'/a 100'/a
98% 100
F-A
J-J
Springfield Div 1st gold 3Vis
Western Lines 1st gold 4s
1951
J-J
F-A
84
61'/2
100'A
102%
85
1013/4
71%
101 %
101
88
100%
82
53
18 3/4
101%
139%
89 Vb
101'A
86%
1093/4
63
23%
103%
105%
100
98
ioT'a
96%
100%
100
96
100%
78%
108
102
100 »A
104 Va
,
see
page 833.
100
__
J-J
—
104
115%
104 Va
105
115%
104% 104%
*107 Va
108 V4
107
—
108 'A 108 V*
97 Va
Af-S
*103%
1954
24
10
98
*97%
*98 Va
—
100
14
2
J-D
1st
mtge & coll 4s ser B
Corp
1st mtge 3s
103%
111%
1966
Central—
Jack Lans & Sag 3lis
76%
40
101'/a 101 Va
7b %
2
92'A
2
73 Va
92 'A
M-N
71%
76%Qji
101 Va
101
90%
92%
*72% 100
Af-N
103%
J-D
103% 103%
106
26 Va
F-A
"5
1
102
26 V4
103%
1033/4
26 Vi
17
105%
106%
101
106
*101
101%
1951
1952
1979
Michigan Cons Gas 1st mtge 3%s_1969
t§ A Midland of N J 1st ext 5s
1940
1st
gold 3lis
Ref
impt 4 Vis series C
&
US
*100%
Af-N
*102% 107
93 Va
J-J
#
|
A-O
Marie—
Jan 1971
Jan 1991
Mo Kansas & Texas 1st 4s
1990
Missouri-Kansas-Texas RR—
Prior lien 5s series A^
1962
J-J
40-year 4s series B—-———1962
Prior lien 4lis series ,D
1978
56
J-J
56
_
—
mtge 4Vis inc ser A
mtge 4s inc ser A
adjust 5s series A—..Jan 1967
Pacific RR Co—*
rfcf 5s series A*
—1965
A General 4s
1975
A 1st & ref 5s series F—
1977
A 1st & ref 5s series G——
—1978
A Cum
J-J
95%
Va
56
93 Va
95
2
109 Va
110
15
95%
26
49
94%
•<*
56
96
J-J
55
53
55
105
49
55
J-D
94
903/4
94
97
88
95%|Jc
95
92
95
54
88
96
82
82%
15
80%'
85%-
86 %
85
86%
50
82%
86%
J-J
v
'
A-O
80
79
81
68
73
F-A
83
81%
84
38
78
81
85
Af-a
37 Va
35%
38 Va
601
32%
39%
Af-a
83
81 Va
84 Va
159
78
85
77 Va
84%
21
32
•
^Missouri
A 1st &
94%
102%
102%
10
95
109 Va 109
Af-a
'"Vs
a?
k
M-N
82'A
81 Va
84%
109
gold 5lis
——1949
ref gold 5s series H
1980
ref 5s series I—
1981
Af-N
30'A
26 Va
30%
1,177
A-O
83
81%
84'A
104
77 Va
84% f >
F-A
82'A
81%
84'A
151
77Va
85'.
4s—1991
Monongahela Ry 3'As series B—1966
Montreal Tramways 5s ext
1951
Morrell (John) & Co 3s debs
1958
Morris & Essex' 1st gtd 3lis2009
M-S
78
74%
78
27
74%
78
3
102%
103
5
103
103%
&
A 1st &
1955
Constr M 4 lis series B
1955
Mountain States Tel & Tel 2%s—1986
Mutual Fuel Gas 1st gtd 5s
1947
Constr
M
5s
series A*
'
*1053/4 106%
F-A
J-J
103
103
103
103'A 103 V»
M-N
63
43
57%
63
72%
J-D
62%
613/a
M-N
71
71
72 Va
34
69 k
M-N
66%
65 3A
68
42
61%
Jf-S
100%
12
100%
1003/8 100%
*__
M-N
68
101%
105
N
100"
97
100
97
Nashville Chattanooga & St Louis—
1988
23As debs.1970
National Steel 1st mtge 3s.
1965
tANaugatuck RR 1st gold 4a
1954
1st mtge 3s ser B
99"
101%
If
26
21
Michigan
National Dairy Products
5
97
103%
84
__
101% 101%
108%
98'A
.108
98'/a
97
__
107'/a
107
111%
__
*111% 118
Af-N
__
*101 % 105
—
116
104
103'A
*101
1951
For footnotes
114%
115
102 Va
100
1951
Registered
5
—
103%
115
A-O
__
1951
1951
—
103%
Metrop Wat Sew & Drain 5Vis
1950
t§AMet West Side El (Chic) 4s__1938
__
gold 3s
Gold 3Vis
116
103% 103%
Metropolitan Edison 1st mtge 2%s_1974
1093/4
109
*101
*68 Va
1952
Refunding
St Louis Div 6s Term
.1980
Moh'k & Malone 1st gtd bold
Af-S
4s
116
*118
*103% 104 V*
9
1393/4
15
--
104% 105
J-J
1951
—1951
80
MS
62
1951
Extended 1st gold 3 Vis
1st gold 3s
sterling
52%
74%
MS
F-A
8
100
38
46 Va
5
M
A 1st
J-J
RR—
gold 4s—
gold 3 Vis
1__
J-D
AConv
Telep 2%s series A—1981
2
33
Af-a
1960
1st
j-j
—1999
42
45%
42 f
Minn St Paul & Sault 8te
Af-S
tSAHousatonic Ry cons gold 5s
Household Finance Corp 2%s
Hudson Coal 1st s f 5s series A
Hudson Co Gas 1st gold 5s
__
M-N
Maine Central RR 4Vis ser A
AGen
Hackensack Water 1st
mtge 2%a__1978
A-O
.1955
&
35%
41 Va
'
Cine Div 4s__.
Atl Knox
S
50
74
*128 Va
Af-N
101
101% 1013/4
2044
2%s
22
102 Va
A-O
62
8'/a
102% 102%
*
__
523A
79
A-O
G„
Mead
96%
98
H
1st
ser
gold 3s—
99
A-O
1st
2d
91
1969
1st & ref 3Vis series D
Central
2%s
97
j-j
Illinois
M
Div
50%
52
A-O
series F-
89
2018
Illinois Bell
M 3%s
1
01
41
138
RR—
59
A-O
Ad J
Nashdlle
89'/a
8
42
42'A
45%
M
98%
*62 %
37 Va
44'A
A- O
89 Va
8
42
41%
'
79
.1966
1966
98%
Feb
403/4
45 Va
M-N
.1963
1963
.
& Elec 3 Vis—
J-J
j-j
A
5s._.
.1951
J-J
1959
Hudson & Manhattan
1949
1949
stamped
(P)
1962
1949
1961
A
5
80
A-O
131'A
102
97'/a
75 Va
87
106%
25
97%
74'/a
82
.2003
.2003
5s stamped modified
Lehigh Valley Terminal Ry ext 5s_1951
Lexington & Eastern Ry 1st 5s_—1965
Liggett & Myers Tobacco 5s
1951
128
106 h
__
69
r
117'A
126%
10334 103%
Feb
1st M
106 %
74 Va
42
M-N
'
Manati Sugar 4s sink fund—Feb 11957
A Manila RR (Southern Lines) 4s__1959
B
ser
2
87
74
*78%
M-N
.2003
J-J
1975
mtge inc 4s
5
128
87
84 Va
74
.2003
J-J
Greyhound Corp 3s debs
Gen
6
131% 131 'A
128
*
J-J
Gulf Mobile & Ohio 4s series B
Gen mtge inc 5s series A
Gulf States Util
—
86%
41
.2003
stamped modified—
Vis registered
2010
R
Bay & West deb ctfs
ctfs
6
87
84 >/a
J-J
2000
Q
mtge 2Vis
—
29
87
42'A
.1950
1982
P
Debentures
116
13114
1990
102%
*101%
J-J
1977
Gen
a
j-j
j-j
1976
E
mtge 2%s
--
1973
D
Gen mtge 3 Vis ser N
Gen mtge 3 Vis ser O
A Green
j-d
1952
C
series
Gen
80
80
102 %
M-S
Af-N
5s
—
87
84 Va
87
Lehigh Valley N Y 4Vis ext_.
Lehigh Valley RR—
4s stamped modified.
4s registered
1st
1969
5 Vis
—
iff
100%
100% 101
—
*83
—1974
F-A
3s
*ioi34
F-A
1964
—1974
.1954
Lorillard
j-d
(B F) Co 1st mtge 2%s_1965
Grays Point Term 1st gtd 5s
1947
Great Northern Ry Co—
Goodrich
4Vis
—1964
stamped
Louisville
General
100%
—
*100% 102 'A
*86 Va
Leh Val Harbor Term gtd 5s.
4
105% 105%
105%
G
General
*100%
—
F-A
94
93
4s
General
F-A
j.
4 Vis
j-d
1974
Certificates of deposit
coll trust 6s
Af-N
1959
& ref 5s series A
conv
—1954
1954
stamped-.
58
93
100
,
1961
Francisco Sugar
a 4s
88
Va 101
*101% 105
—
1st & ref sink fund 5s:
103'/a
100'A 100'A
*10034
—
51
F
Firestone Tire & Rub 3s deb
tFlorida East Coast 1st 4 Vis
A 1st
80 Va
A-O
1st & ref sink fund 5s
5s
4 Vis
81
1970
3 Vis ser A_.
Lehigh Valley Coal Co—
.
1053/4
109% 109%
—
121
Erie Railroad Co—
Gen
mtge income reg
Lehigh Coal & Navigation Co—
A-O
Af-N
103 Va
99%
99%
14
98%
103 Va 103%
23
103%
104
105% 105%
10
105
106%
101
101
99%
F-A
J-D
*101 Va
—
'>>
41
w
THE
Monday, February 10, 1947
COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK BOND RECORD
range
Friday
Interest
bonds
Period
Exchange
Stock
York
New
Week's Range
or Friday's
Last
Bid & Asked
Sale Price
Low
Gas cons 5s
Newark Consol
1948
,
tNew Orleans Texas &
Mexico by-fANon-cum lnc 5s series a
1933
of
deposit
1854
of deposit
c
5s series
of
5'As
1958
deposit
*108 Vi
3 Vis
coll
>83
A-u
90
90
"I
87
87
1
96'A
95'A
96'A
3vis
New York Chicago & St Louis—
Ref mtge 3 Vis ser e
1st
3 'As
n
y
109
83%
91
16
93
98
j-j
j-j
96'A
93'A
92'A
93 'A
5
f-a
79
77
79'A
85
1980
101
j-d
a-0
101%
95
97%
33
100
101
102
102%
6
101%
103
a-o
103%
103 %
103%
15
102%
103%
105%
105% 105%
4
105 %
105%
2000
a
2043
j-j
1973
Jf-n
1973
MS
b—
series
a
*
107
105%
series b
5s
General
gold 4%s series c—-1977
Philadelphia Co coll tr 4 Vis
1961
Phila Electric 1st 8c ref 2'As
1971
ref
&
1st
ref
&
112%
106
107
110
*107 Vi
107
78
78%
72%
78%
83
•
deb
4s
ANon-conv
deb
3 Vis
1947
85
80
85
ANon-conv
deb
43
43
41
41
41%
41'a
43 Ve
42
43 %
54
37
42
43'/a
71
37
43%
j-j
42
40 Vi
42
55
35%
j-j
50
48 Vi
51
1940
a-o
76
75
76
1957
m-n
19%
19
j-d
47
46
& ref 4vis series of
fAHarlem
River
&
Port
1927—1967
^
June 1992
m-8
1955
1st mtge 23As_1975
j-d
1
102
13%
12
10 %
5'/8
155
4%
103'/a
103'A
42
77
102'A
1964
Series
i
cons
4'as
1963
j
cons
guaranteed 4'As„1964
Pgh Cine Chicago & St Louis rr—
Gen mtge 5s series a
1970
Gen mtge 5s series b
..1975
Gen mtge 3%s ser e
1978
3'As_1964
Pittsburgh Consolidation Coal—
3%s debentures
1968
Pitts Steel 1st mtge 4%s
1950
1st mtge 4%s series b
1950
Pitts & w Va 1st 4%s series a
1958
1st mtge 4%s series b
1959
1st mtge 4%s series c
1960
Pitts Young & Ash 1st 4s ser a
1948
1st gen 5s series b
1962
1st gen 5s series c
1974
1st 4'As series d
1977
Pittsb Coke
8c Chem 1st mtge
17
*.._
1940
f-a
*11
2014
Norfolk 8c Western Ry 1st
gold 4s_1996
North Central gen & ref 5s
1974
■'■t Gen 8c ref 4Vis series a
1974
a-o
Gen lien ry 8c Id gold 3s
Jan 2047
--
38
3 8'A
35
18%
19'/a
*
—
42%
19 Va
108%
—
135'A
135'A 135'A
*126'A 135
MS
103%
14
5%
104 %
75'A
q-f
q-a
j-j
100
j-j
103
2047
m-*
71'A
4s
106%
40
__
11
1*5%
—
ser
39
40
43%
75%
75%
71
71'A
102
102
102
5
...1964
Quaker Oats 2%s deb.
"
a 1st
3s
s
f
Gen
'
Cons
103
102'A
101'A 102
1949
A-O
_1977
Gen
wtge
-1967
68
84
71%
131
95%
100
15
100%
103
7
101 Vi»
102 %
145
100 %
102
102 va
104 '/a
105%
103%
104 '/a
j-j
18.-8
a-o
f-a
101% 101%
5
1960
a-o
105'A 105%
5
105%
106
Peoria 8c
rel
MS
112
73
139
64 'A
51%
49%
*11%
13
51'a
13'/a
US
104% 105
J-J
*87
110
110
12'a
13'a
44%
51 '2
22
12%
15%
16
104 y4
105'a
69
1996
*90
1988
J-J
1997
2022
j-j
j-j
198®
U-N
2d
1st
gold 5s
gold 6s
St l Rocky
Mt 8c p 5s stpd
4'As ser a
4s
a 2d
certificates
bond
inc
4s
bond
Nov 198®
ctfs
§ a 1st term & unifying 5s
1952
AGen 8c ref gold 5s series a
1990
St Paul 8c Duluth 1st cons gold 4s_1968
MASt p 8c k c Sh l gtd 4%s
1941
St Paul Union Depot 3vas b
1971
Scioto v 8c n e 1st gtd 4s
1989
92
97
100
98'A
91%
90'A
92'A
840
86%
56 'A
54%
56 '/a
1,374
47'A
102'/a
13
102
90
90
98'A
tSt Louis-Southwestern ry—
1st
90
89%
San Francisco ry—
mtge 4s ser a
102
92%
56%
102'A
4
83
85
j-j
76
77 Va
30
71
77%
J-J
84
85
4
81
85
42
43
28
38
43
A-O
*106%
—
U-N
*129%
—
j-j
83
83
*112
J-D
F-A
83
43
Air Line rr Co—
4s ser a
17'A
106'A
18
106% 107
102
102'A
19
40
16'A
6
105'A
107%
lOOVa
1027/a
101
102%
30
*126'/a
197®
1985
1994
J-J
*108'a 109
1977
1969
1981
US
101
MS
97
US
98
Pacific
108
108
108
108% 109
j-d
102% 103%
j-d
103
a-o
106
J-J
*106%
60
102%
104
*104
MS
109%
103
103%
36
102%
104%
106
106%
17
104%
Jf-N
J-D
A-O
A-O
60'/a
108
—
105 V2
Jf-N
106%
__
106%
J-D
105
*104
63
108
—
105'A
104%
316
1
—
22
59'A
108
104'A
105
647A
&
5
103 'A
Sunray Oil Corp 2%s debs
122'/a
13
120%
105
113%
104%
96
120
96%
101
102'A
97
149
98
118
96'A
106
10
105%
95
98
100
106'A
92
94'A
87'a
87 V2
89'A
93'/a
93'/a
92%
18
94'A
50
124va
128
A-O
102'a
102
102 7/a
145
A-O
114'a
114'a 115
119
119'/a
12
101'A
113'A
116
9
118'A
120
115%
116'A
105'/a
105'A
102%
104'A
a-o
*116%
J-J
—
*105'a 106
J-J
103'/a 103%
54
Apr
54
23
9
47
105
*105'a 105'a
103'A
98%
j-j
101 'a
99
54
105'A
121
98%
10
101'A
99'/a
101'A
101 SI
Af-n
98%
1966
2018
1985
1965
j-j
101'a 101'a
102
MS
118'/a
122
125'A
115'A 116%
15
115%
118%
103'A
Ref & imp
103'A 103%
47
102'A
103%
Ref & imp 27/as series
68
99
101
75
101 Va
108 7/a
102 Va
122'A
113% 116'/a
115%
—
107'A
39
98
125'a 126'a
1961
Swift 8c Co 2%s debs
A-O
Apr
103 Va
103%
—
J-J
A-O
—
125%
106'A
104'A
100'A
J-J
f-a
104
93
103 %
93 '/a
92
A-O
104
99
J-J
debs—1989
103'A
96 »a
99%
47
93 Va
ASpokane Intemat 1st gold 4VAs__2013
Stand oh of Calif 2%s debs
1968
Standard Oil (n j) deb 2%s
1971
115'/a
—
1994
1958
1958
1958
1998
1951
95'a
85
83'a
*86'a
j-j
j-j
Southwestern Bell Tel 2%s
22
—
A-O
104Va
115'/a 116'A
M-J
5s
6s
Devel & gen 6'As—
Mem Div 1st gold 5s
St Louis Div 1st gold 4s—
gen
101
106
108
3
122
——
1950
—1986
1996
1961
Southern Ry 1st cons gold
Devel & gen 4s series a
115%
J-J
j-j
rr Co—
2%s ser e
1st mtge 2'As series f
1st mtge 2'As ser g
16
1984
1960
113%
Pacific
1st mtge
124%
A-O
Apr 1990
108
*102'/a
122
J-D
_hu7
60'A
103'/a 103'A
Jf-N
F-A
a
San Fran Term 1st 4s
Southern
103
*95'a
106%
103'/a 103'/a
—
(Oregon Lines)
99%
f-a
co—
4'/2s
Devel
A-O
99%
Bell Tel & Tel co—
j-d
109
102'A
A-O
j-d
108%
30
J-D
1st 4'As
107 Va
99 Va
99%
1963
Oil 2%s debs
Gold 4%s
107%
98'/a
99%
1976
Gold
107%
96'A
46
99'a
102% 103
108%
6
94'A
97
*80
107%
24
*95%
J-J
109%
20
19'A
j-d
f-a
107
108
7 6'A
f-a
19'A
1965
108
108%
100 Va
68'A
1
1941
1
108
99%
373
19'a
1971
5
108%
78
76'a
19'a
75%
t§ASilesian-am Corp coll tr 7s
Union
130%
74 'a
100'a
j-j
Skelly Oil 2%s debs
Socony-Vacuum Oil 2'As
South 8c Nor Ala rr gtd 5s
Shell
Southern
—
130%
100'a 100'a
j-j
a-o
107%
1981
109%
110
13
A-O
108% 108%
—1968
For footnotes see
page 833.
73
--
1996
Adir
&
107 '/a
1985
——
113
58
109'a 109'a
107%
1971
Lawr
j-d
1960
,
103
104 '4
14
St.
j-d
—1965
6»
99 'a
103
113
*107% 108 'a
J-J
j-d
May 11948
Eastern 4s ext
a Income 4s
70 Va
J-J
*108%
1552
Peoples gas l 8c C
102'a
97%
98
98
*103'a
113
af-s
stamped— .1941
rr
j-d
1948
f
102 »a
*102'A 103'/a
m-s
1998
2016
t a Seaboard All Fla 6s a ctfs
1935
Seagram (Jos e) & Sons 2y2s debs 1966
1965
ser
164
240
105%
1952
3Vis
109'a
162
162
162
m-s
1967
4%s
75%
3
1960
4s
3 Vis
109 %
Corp—
_1949
1st
20
58.1949
trust ctfs
17
110%
m-5
Elec
-1934
2nd mtge
105% 105%
1955
4Vis series a
deb
j-j
_1969
109 %
102% 103%
1985
debs
100%
107%
15%
17
17
Af-n
4s stpd
1977
General 5s series b
General 4Vis series d
Gen mtge 4 Vis series e
Conv
__
*98
J-J
Gen mtge 3'As series j
t§ar i Ark & Louis 1st 4%b
1979
cons
99
107
99 Va
99
;
i ARut-Canadian
71%
109
*102% 104
1986
stpd dollar
sinking fund 4 Vis
General
*118'A
99%
j-j
series d
&
4'As
1974
debentures
Consol gold
\ 4s sterl
*125
j-d
Jf-n
& Brass 3 Vis
Gas
mtge
113%
105%
Pennsylvania rr—
;
91%
--
F-A
J-D
_1960
8c coll trust 4s a_
cons
Rochester
109%
102%
Pennsylvania Glass Sand 3 Vis
1960
Pennsylvania Power 8c Light co—
:5,1st mtge 3s
1975
\
91%
90
*103
J-D
d_ .1995
ser
flARio Grande West 1st gold 4s_ .1939
109%
29
MS
Co—
series e
91
R
1st & ref 3Va§
Reading Co
126%
Pennsylvania-Central Airlines—
Gtd 4s
91
91
*106',2
5s
8s—
135%
f-a
1981
Paterson 8c Passaic g 8c e
<:
92
91
91
MS
mtge
mtge
1971
f gold 4 Vis
105'a
105
90
A-O
A-O
j-d
—
ref
ref
1970
p
4
90
1972
3s
mtge
&
&
126%
a-o
1968
debentures
inc
10412
91'/a
90
J-D
2037
2037
ref
&
1st
debentures
Southern Indiana Ry 1st mtge
.Pacific Tel & Tel 2'As debs
conv
104 3
105
105
105
J-D
*109 'A
132 Vi
__
1975
a
1st & ref m 3s series l
1st & ref m 3s series m
1st 8c ref mtge 3s ser n
3 Vis
105 %
*105
J-D
108%
1975
lat & ref mtge 3Vis series i
1st 8c ref mtge 3s series j
lit*& ref m 3s series k
Pennsylvania
101%
100'A 100%
J-J
20%
108%
147
Psoiflc Gas 8c Electric Co—
;
100'a
—
15%
1974
rr 3s
s
102%
103'A
*102%
J-J
3s debentures
27/8s
103 Va
102%
U-N
MS
2'a
.Paducah 8c 111 1st
127'a
103
Jf-N
Southern
v
125%
12
1968
3%s series h
1948
ser
125'a
25
103
1956
3'as series i
tOgdensburg 8c Lake Champlaln Ry—■
2'As
121%
125% 125%
121% 123
1957
AGen mtge 4'as ser a
ref.
7
a-o
a-o
121%
j-d
fAProvidence Terminal 4s
mtge
1964
mtge 2%s
Oklahoma Gas 8c Electric 2'As
120
*118
jr-if
Public Service el 8c Gas 3v4s—
1st mtge
&
120
115%
120
124'a
120
*111'A
Seaboard
1st
*__
f-a
f-a
mtge
1974
1st
115%
117
F-A
1977
mortgage 3%s
Gen
1975
Ohio Edison 1st mtge 3s
104'a
__
*115
MS
*107'/a
Pwr
Gen
33%
__
98'A 100
j-j
1975
(Minn) 1st mtge 23As
1st mtge 2'as
(Wise) 1st mtge 3'as
.
*103%
103%
J-D
J-J
tSt Louis
lll'A 112%
*110
q-j
2047
impt 5s series d
Coll trust 4Vis
Northern States Power co—
,u
F-A
14%
11%
11-
*104'/a 104%
1968
El
Potomac
lnc deb
1st m 3 %s
77
*118
q-j
2047
a
impt 5s series c
43%
42%
MS
a-o
2047
registered
Ref 8c
:
4
Baguenay Power 3s ser a
Northern Pacific Ry prior lien 4s__1997
4s
registered
1997
fc
11%
9 6'A
Norfolk Southern Ry Co—
AGen mtge 5s conv inc
Oregon-Washington
36
j-j
5%
105
106
18
«
m-f
guaranteed
14%
1964
Co
APittston
72
9
3 8'A
f-a
j-j
1st
10%
F-A
tSARutland
106'A 106%
1937
1968
a
14%
11%
Pgh Cine Chicago & St Louis ry—
Series e 3vis gtd gold
194®
Series f 4s guaranteed gold
1953
Series g 4s guaranteed
1957
Series h cons guaranteed 4s
1960
104:
1
77
107
j-j
1946
8c
47%
j-j
Niagara Falls
8c impt 4Vis series
39%
*105
Jf-n
Ref
103%
9 'a
j-j
51
216
1963
1943
Ref
104 Va
103 'a
103'a 103%
21) %
1937
3Vis
104%
1023a
12
103% 104'a
76 %
15%
39
4 %
a-o
m-w
{AGeneral gold 5s
{ATermlnal 1st gold 5s
hany West & Bost 1st 4vis
3s
42%
70
190
47%
'
12,
"4%
jf-s
1993
1965
j5an y Susq & w 1st ref 5s___
$A2d gold 4vis
Power
110
19%
103'A 103%
MS
cons gtd 4s
n y Queens el Lt & Pow 3Vis
n y Steam Corp 1st 3Vis„
104
80
104% 104'a
103%
J-D
1937
deposit
Phillips Petroleum 2'As debs
Revere Copper
1954
n y Power & Light
ny & Putnam 1st
13
Chester—
jan y Ont & West ref 4s
AGeneral 4s
20
104'/a
U-N
42
1948
a 1st
105%
U-N
43%
43%
AConv deb 6s
6s
108
103 Va
43
MS
41 'a
1956
trust
126
107'a
2
4 1 %
j-j
-.1958
4s
125
22
104% 104'a
41
35%
1955
4s
ADebenture
37%
35
5
MS
a-o
ADebenture certificates 3 Vis
fACollateral
10
1947
1954
ANon-conv deb 4s
3
108
104'/a
1981
1st
m-9
126
108
J-D
of
ACertificates
in y New Haven & Hartford rr—
ANon-conv
High
106'a
103 %
126
J-J
1974
2%s
m
1st
ANon-conv deb 3Vis
Low
106'a
8
*131
j-j
1987
2'As
m
1st and ref 2%s
1st
*103
*
Range Since
January 1
103
107
103'a 103%
t a Providence Securities 4s
105 '/a
106%
105%
1
106% 106%
j-j
2043
4s
9
96%
100
a-o
b
gold 3 Vis
West
72'a
1966
e
series
8c
77
2
Vi 101%
100'a 100%
73%
75
1965
series
f-a
No.
94
7 9'a
72%
27
87'A
96%
a-o
f-a
series
series
77
75
*58
__
91
75%
73%
77
*73%
76'A
j-d
f-a
MS
Lack
82 %
315
4s
4 Vis
8f
82'A
4s
Mtge
Mtge
73%
98
n y Gas el Lt h & Pow gold 5s—1948
Purchase money gold 4s
1949
n y 8c Harlem
470
91
b—1975
1951
ser
gold 4s
ref
96%
78%
1988
f
n y Edison 3'as series d
8c
81
96
f-a
Dock
%
88'A
1998
y
93
82'A
1998
1974
*106
MS
Sold
1st gold 4s—
Bait 8c Wash
Phila
Series
62
91
f-a
1st lien
83
97
77
81
f-a
n
92
90
86"%
a-o
1998
Connecting rr 2%s
89
a-o
1997
F-A
High
Bonds
92%
2013
1997
n y
89
89
24
2013
1998
ser
90 %
75
registered
mtge 3s
86%
83
87
f-a
Bid & Asked
1974
1980
Marquette Ry 3%s ser d
1st
92
F-A
Mich Cent coll gold 3'as
3 Vis registered
1st
106%
87
—
3'as
gold
105'a
105%
3
84 Vi
89 Vi
90
A-O
A-O
1998
registered
Shore
104%
104%
—
106'a 106'a
if
n y Cent & Hud River
103%
2
_
f-A
deposit
Central rr 4s series a
Ref & impt 4'/2s series a
Ref & impt 5s series c
3'As
105Vi
108%
108
--
—-
n y
Lake
.
1954
deposit
of
84
80
-
a
Pere
General
103% 104'/a
*
106'a
Week's Range
or Friday's
Sale Price
Low
*§APhilippine Ry 1st s f 4s
1958
of
series
ACertificates
124%
•
4'as series d
a Certificates
a 1st
123%
----
b
a Certificates
a 1st
5
M-8
J-J
a 1st
109%
1974
J-j
Last
Period
Exchange
81%
108 %
120
j-J
series
78%
2
f-a
1983
^Certificates
9
1986
1953
a Certificates
~4
79 Vi
123% 123%
1952
Stock
High
83 Vi
MS
n o ds n e 1st ref & imp 4'/as„
New Orleans Term 1st gtd 4s
York
New
January 1
Low
No.
Interest
bonds
Range Since
78 Vi
1961
New Orleans Great Nor 5s a
Alat 5s
Sold
83 '/a
83 Vi
78 Vi
1st 4s
New Jersey p & l 1st mtge 3s__
7
Friday
Bonds
108% 108 Vi
J-J
J-J
J- d
rr gtd
ending february
Peoria 8c Pekin Union Ry 5Vis
_1945
_1945
Tel 5s a
gtd 4'/as series b
n j Junction
High
week
106
_1952
gtd 5s—
If ANew England rr
fAConsol gtd 4s
New England Tel &
1st
"
3-D
for
99
101
100%
101
2
72'A
75
82
39
39
6
118'/a
Terminal
rr Assn of St Louis—
m 4s ser c
d
101
Texas Corp 3s
101'A
128'a 128'a
75
1st
39
1st &
8c
ref m 3'As
ser
b
ref m 3%s ser c
1970
1990
25
11
105
105
107'a
Texas & New Orleans rr—
65'/a
34
deb—
4
105'a
107 % 107'a
a-o
Jf-n
*102%
97%
97
128'A
105
128'A
105'A
106'A
107'A
102
102%
97
98%
—
97%
Volume
165
Number 4567
THE COMMERCIAL & FINANCIAL CHRONICLE
833
NEW YORK BOND RECORD
RANGE
York
Interest
Stock
Exchange
Pacific
1st
gold 5s
2000
Gen & ref M 3%s ser E
1985
Texas Pacific-Missouri—
Pac Tenn RR of New
Orl 3%s__1974
Third Ave Ry 1st ref 4s
1960
AAdj income 5s—
Jan 1960
Tol & Ohio Cent ref
& impt 3%s
1960
or
Sale Price
Friday's
Bonds
January 1
No.
Low
High
131%
131
J-J
103%
103 % 104
J-D
131%
*103%
J-J
100'%
A-O
J-D
100
1949
MS
*104%
131%
104
103
103
82
987/a
59%
100%
69
98
20
104
101'%
101%
of Mo
3%s
1971
Walworth Co
1975
A-O
5s
1945
A-O
(Chic)
1967
1970
Union Pacific RR—
land grant 4s
debentures
mtge 2%s
debentures 3%s_1976
Co 5%s debs
Ward
J-J
F-A
101%
1991
25/8s debs
MS
A-O
© CO
.1970
Warren RR 1st ref gtd gold 3yaS_..2000
Westchester Ltg 5s stpd gtd
Gen
mtge
102%
1—4 © CO
50
101 &
101JJ
50
103%
106'/a
98
Hf-S
102
10
35
104%
97
39
100 'A 100'%
101% 102
M-N
1959
98%
103'% 103'%
—
.1950
Maryland 1st 4s
J-D
J-J
Cons
s
Virginia Electric
1st
&
ref
Va Iron
&
98%
102'%
103'%
100
2
100%
100%
102
cons
1955
2%
.2014
M -N
E
ser
1975
M-S
gtd 5s
104
1958
Virginian Ry 3s
B
ser
A-O
1995
5s
J-J
M-N
104
100 %
2003
100%
105
Gen
ref
&
Wilson
&
103%
M
2%s
100%
109
Gen
mtge inc
1st
ser
4%s
mtge 3'/4s
A
Jan 1981
B
ser
Jan
105
11
103
50
105%
106%
91 Vi
Apr
91 Va
86 7«
101
90%
88
V;
106%
87
101%
103'%
87
84 VB
87%
201
79%
87%
85%
82%
86%
264
76 y«
86%
81'/2
87
295
75
M-N
102 Va 102%
M-S
75%
73
70
71%
M-S
M-S
MS
1958
A-O
106
*100
of
Elec
Lt
102%
70%
48
66'%
106
1
100%
100
100
105
104 Va 105'%
22
1041/s
105%
1
117%
117%
104 Ya
72
72
72%
68
72
M-JH
23%
23
23%
-17
82%
19%
23%
*22
2%s
-1976
3-D
*101
3'%s
-1971
J-J
«...
*109
2%s
li
73
_
deposit
Power
106i/4
104
Power
&
75%
71%
106
10
Service
Public
1011%
33
.
117% 117%
J-J
deposit
103
104% 105
—
J-J
_1949
106
102 Va
13
75'%
71%
87
5
102'/2 102 %
J-J
J-J
1970
-1976
Deferred
a
Included
delivery sale
the
in
included
year's
the
in
J-J
100
100
102
101
101%
___
27
101 %
91%
84
G
8
100
100%
n
included In the year's range,
d Ex-Interest,
e Odd-let
sale hot
Under-the-rule sale not Included In the year's
range, r Caata sals
range,
y
Ex-coupon.
maturity.
tThe price represented is the dollar quotation
200payable at the exchange rate of $4.8484.
tCompanies reported as being in bankruptcy,
receivership, or reorganised under flection 77 ol
the Bankruptcy Act, or securities
assumed by such
unit of bonds.
Accrued
interest
companies.
88
100%
100%
not
range,
year's
§Negotiab!lity impaired by
F-A
104%
101% 102'/8
85%
-I960
105
105% 106
Apr
1991
1971
B
ser
30
101%
MS
_1992
A
series C
Electric
109'/4
105% 106
2361
Co
of
107'/a
108'%
J-D
1st mortgage 3s
Winston-Salem S B 1st 4s—
pound
mtge 4s inc
113%
106%
109
Co—
Gen
1131/4
~7
100%
W
RR
103
105%
May
1949
series
104%
1
4
__
2361
Wheeling Steel 3'%
not
Wabash
60
101%
103
108 y2 108'/2
M-N
-1971
Wheeling & Lake Erie RR 4s
Yonkers
10
'1091a 112
105
60
101
1951
Registered
Wisconsin
MS
1st
98'%
« 107%
106
1951
debentures
Wisconsin
Coke 1st gold 5s__1949
&
High
I
.1960
West Shore 1st 4s guaranteed
F-A
1957
1
—
113% 113%
A-O
.1950
A
ser
Westinghouse El & Mfg 2'/bs
A Certificates
Power Co—
mtge 2%s
Coal
Va & Southwest
1st
series A
11
103
*106%
....
—
.1952
Telegraph Co—
Funding & real estate 4%s
25-year gold 5s
30-year 5s
A Certificates
g 4s
f 4s series B
96%
60
*—
J-D
.1967
3%s series I
§ASu & Du div & term 1st 4s__ _1936
cons
Low
11
107%
January I
No.
*101
—
Range Since
Sold
98
60
Q-M
Bonds
High
106
F-A
t§ A Wisconsin Central 1st 4s
Vandalia RR
Friday's
97%
98
F-A
.1966
3%s
West Penn Power
112%
19
o
or
Bid & Asked
A-O
Washington Central Ry 1st 4s
.1948
Washington Terminal 2%s ser A-..1970
104'%
104%
t—l O rH
98%
1976
Universal Pictures 3%s
debs.,.
111%
2
105% 105%
1966
United Biscuit 2%s debs
5
103% 103%
—
Sale Price
M-N
Baking
(subsordinated)
33'%
104'% 104%
J-D
1976
C
1
103 % 103%
J-J
1947
series
111% 111%
*32
Last
Period
conv
Western Pacific 4%s inc
M-N
1st mtge & coll tr 2%s
tSAUnion Elev Ry
S Rubber
Interest
Exchange
Western Union
Co
Union Oil of Calif 3s debs
23/4s debentures
U
Stock
Low
Western
U
Union Electric
1st &
York
100
104
12
—
101% 101'%
--
130'%
102%
504
69
98% 100
MS
1961
5
„
63'%
New
High
44
99% 100'%
68
Trenton Gas & Elec 1st
gold 5s
Ref
7
BONDS
Range Since
Sold
Bid & Asked
J-D
Tri-Continental Corp 2%s debs
2%s
FEBRUARY
Friday
Last
Period
Low
Texas &
ENDING
Friday
BONDS
New
WEEK
FOR
•Friday's bid and asked prices;
selling flat.
102%
no
sales
ABonds
being transacted during current week.
NEW YORK CURB EXCHANGE
WEEKLY
in
deff"ed which
de»very sales
in
a
lootnote in the week
In
the
following
they
extensive
AND
YEARLY
RECORD
are disregarded In the week's
No
occur.
list
we
range unless they art the only transactions ol the week,
such sales In
computing the range for the year.
account is taken of
furnish
and when seUlng ratable the regalar weekly range art shown
a
complete record of transactions on the New York Curb Exchange for the week
beginning on Saturday,
1, and ending the present
Friday (Feb. 7).
It is compiled from the dai
ly reports of the Curb Exchange itself, and is intended to include every security,
or
bond, in which any dealings have occurred
during the current year.
Feb.
whether stock
RANGE
Friday
STOCKS—
New
York
Curb
Week's
Last
Exchange
Par
ACF-Brill Motors warrants
Acme
Aluminum
Acme
Wire
Adam
Hat Stores
Co
Aeronautical
IIZi
Alloys
common
—
Supply Mfg class B
Agnew Surpass Shoe Stores
Ainsworth Mfg common
Air
Air
5
Associates Inc (NJ)
Investors common
Aireon
Mfg Corp
60c
—1
11 3
-10
3'/a
7,200
400
3%
New York Curb
High
Jan
9
Jan
12%
Feb
Apex-Elec Mfg Co new common
1
Appalachian Elec Pwr 4%% pfd—100
Jan
26
Jan
Argus
11
Jan
Jan
Arkansas
3
11 %
Jan
3
Jan
Jan
Inc
Common
class
Gas
Feb
4%
Feb
38
Feb
A
8
Jan
Jan
5%
Feb
•
5 %
5
5%
20,300
4%
Jan
5%
Feb
10%
10%
400
10%
Jan
non-voting
~
Equipment Corp
American
dep
Great
Alabama
Power
4.20%
pfd
Alaska Airlines Inc
Alles & Fisher common
Allied Int'l
conv
pfd
rects
14%
13%
14%
1,400
12
Jan
14%
Feb
1
11 Va
11%
11%
1,000
10%
Jan
11%
Jan
£1
reg
%
12,000
2%
Jan
5%
Jan
Associated Laundries of America
•
1%
1%
1%
1,500
1,100
1%
Jan
1%
Jan
5%
Jan
9
Jan
Associated Tel & Tel
•
5%
5%
5%
50
4%
Jan
5%
Feb
5 %
5%
200
4"%
Jan
6%
Jan
class A
87
Jan
Jan
108
Jan
Atlantic
3%
Jan
4%
Jan
Atlas
Jan
11%
Jan
Atlas
Automatic
700
87
Jan
106%
87
Atlanta Birm & Coast RR Co pfd-., 100
Atlantic Coast Fisheries
.—1
11%
87
~4%
common
5
15
Jan
23
Feb
Automatic
Jan
13
Jan
Avery
4,200
72
Jan
80
30
4 1
8
~4%
2,600
85
•
21%
23
•
Aluminum
22%
6%
Co
common
preferred
$3.75
com
Aluminum
Ltd
Bantam
American
Beverage
Book
common
Car
111
1,100
110%
Jan
102%
102% 102%
112%
102%
Feb
102%
20
Jan
23%
24%
192'% 194
1,450
18
Jan
450
181
Jan
common
Co
*
25
1
4% %
Gas
&
Electric
preferred
convertible
$2.50
Corp
common
preferred
convertible
preferred
American Hard Rubber Co
10
-10c
1
American Potash & Chem class A_
Class B
Amer
$6
series preferred
American Thread 5%
American
Anchor
—25
1
2
•
51%
Writing Paper
Post
see
7,400
3%
400
2 %
83
51%
160
61 '/4
Feb
Jan
6%
Feb
1
36%
34%
36%
3,400
Jan
36%
Feb
M
Products
1
8%
8%
8%
300
7
Jan
9
Jan
Voting
•
7
7
100
6%
Jan
7'%
Jan
n
14%
16
1,000
11%
Jan
16
Feb
25%
25%
100
24%
Jan
27
Jan
32
Jan
33%
Jan
Feb
Machine
5
14%
25
•
70
Jan
Jan
32
Feb
-
■
i
I
1
B
Feb
Babcock Sc Wilcox Co
Feb
Baldwin
4%
Feb
3%
Feb
Baldwin
Jan
Banco
Jan
83
7%
preferred
Rubber
50%
Jan
51%
Feb
1,500
Barium
6%
Jan
7%
Jan
4,000
Barlow
47%
Jan
54%
Jan
Jan
1%
Jan
Basic
Jan
19%
Jan
Bauman
1%
18%
%
38%
1%
19
8,200
650
3 %
48
40%
72,600
111% 111%
25
3'%
1%
18
37%
111
Jan
43%
Jan
common
Corp
Seelig Mfg—
1
convertible A common
Refractories
& Co common
Beau-Brummel Ties com
Jan
111%
Jan
Beaunit
3%
Jan
3%
Jan
Bellanca
Jan
49
Jan
Benson
350
47%
50
Jan
51
16%
16
Jan
17
700
13%
Jan
37
17
Feb
37
150
32%
Jan
37
22%
Jan
22%
23%
1,600
22%
Jan
24%
31
Jan
Jan
47%
Jan
42%
Jan
800
11%
Jan
12%
Feb
Feb
2,700
12%
12%
7/8
Inc
2.50
1
1
common
5
--
>*
7%
18
--
7
--
18%
--
1
Shoe Corp
Aircraft
6%
/*
/8
31,000
"5%
Jan
6%
18%
100
18%
Jan
19%
7%
800
6
19
200
6%
15
Jan
Jan
—
3%
Jan
Feb
15%
15%
3%
3%
7%
200
7%
Jan
8%
16
&
Hedges
100
19%
22%
7,400
22%
Feb
Jan
18%
Jan
20%
20%
1,000
20%
Jan
3%
3%
900
3%
Jan
100
preferred
& Gay Furniture
Berkey
Bickford's Inc
500
14%
Jan
16%
Jan
Birdsboro
3%
Jan
Jan
Blauner's
17
4%
18V8
2,200
15
Jan
42
18%
Feb
23
3%
43%
500
35
Jan
44
Jan
36%
200
34
Jan
37%
36 %
Jan
Blumenthal
37%
2,000
33
Jan
37%
Feb
Bohack
20%
19%
20%
5,300
19%
Feb
23%
Jan
7%
300
5%
Jan
6
Jan
Borne.
21,700
1 %
Jan
1%
Jan
62%
Jan
Brazilian
2%
Mach Co com_*
11%
10%
1%
62%
6
1%
1%
61
62
5'%
9%
8 1
%
5%
2,050
1,100
58
5
Jan
37%
5%
Jan
(Philip)
3
common
Breeze
(S)
(HC)
1st
& Co
•
100
25
Scrymser Co
Traction
Lgt
&
Corp common
9%
2,300
7%
Jan
9%
Feb
Brewster
8%
1,400
8
Jan
9%
Jan
7
7
Bridgeport Gas Light Co
Bridgeport Oil Co
Brillo Mfg Co common
"4%
"4%
700
6%
Jan
7%
aJn
Jan
19%
Jan
4%
Jan
4%
Jan
Class
50
4
55%
12 %
28
3%
4,300
3,200
11%
4
Aeronautical
A
British-American Oil Co
Pwr
•
1
*
*
22%
Jan
2%
179
'
f.
'
f
:
Jan
Jan
22%
Jan
22
Jan
2~%
Jan
Jan
22%
Jan
550
9%
Jan
11%
Jan
9%
Jan
11%
Feb
100
3%
Jan
900
55%
Jan
4
Jan
55 %
12
56 A
12/a
26
28
600
11%
Jan
14%
Jan
150
22%
Jan
28
Feb
55
Jan <
—
48
51
--
130
130
50
48
Jan
110
126
56%
Jan
36/2
22
19 %
21%
22%
3,200
17%
19 %
2,200
131%
Jan
36 %
Feb
17%
34/8
Jan
34%
35%
Jan
17%
Jan
21
Jan
22%
Jan
Jan
~9%
—
—
—
4
~9%
100
400
--
3fa
10
25
25
500
Feb
Jan
4%
Jan
Jan
26%
Jan
16%
Jan
Jan
10%
Jan
33
Jan
36
Feb
24%
Jan
25
Jan
9%
--
36
19 %
4
25
4
1
*
•
*
Jan
4,400
*
8
16%
•
common
preferred
8 %
100
1
Inc
& Co
Co
2%
10%
Bourjois Inc
Jan
2%
H'A
Corp common
1
$3 optional convertible preferred—*
Blum
6
new
23
177
—
1
Blue Ridge
36%
•
1
common
Steel Fdy &
22%
•
common
Convertible
8,700
42%
'
Jan
•
37'a
18
*'
Feb
7%
178% 178%
22 A
7%
19
Jan
Jan
12"%
1
Bell Tel of Canada
48
Mills
(A S)
5
1
Inc
(L)
18,600
47'%
1
—•
Steel
&
$1.20
Beck
3%
Co
shares
American
550
7%
1%
47%
42%
41'%
45%
30
de los Andes—
51%
19
46%
Locomotive—
53%
40
—
Jan
24%
7
—£1
1
page 837.
9'/4
Jan
5'%
60
61%
1
50
5
2
Angostura-Wupperman
For footnotes
10c
common. —5
Products
Angerman Co Inc common
Anglo-Iranian Oil Co Ltd—
Am dep rets ord
reg
Jan
55%
Ayrshire Collieries Corp
7%
2
•
preferred
1?
6'/4
125
27,900
(BF) & Sons common
preferred
50%
•
—10
Seal-Kap common
Superpower Corp com
-II
6,700
6%
20
194
29
25
•
Republics
American
4%
3%
1
Laundry Mach
—20
American Light & Trac common—
—25
6% preferred
American Mfg Co common
American Maracaibo Co
American Metal Products Co_
American Meter Co
4
80
__
American
American
111
3%
100
American General
$2
4%
1
American Cyanamid Co common
10
American & Foreign Power warrantsAmerican Fork & Hoe common
•
American
193
1
100
B
9%
61 %
50
Feb
24%
7%
6 %
Co
Jan
150
•
Co
American Cities Power &
Light—
Class
A
Class
Jan
111
9
6%
Coast Line
Corp warrants
Plywood Corp
6%
•
common
American
American
79 %
100
Mfg
Industries
Aluminium
77%
100
pfd
Goods
Aluminum
79 %
■M
Jan
8'%
•
Altorfer Bros Co common
112
4%
100
l
Jan
Jan
7Vf
l
Investing $3
Products
(Mich)
Allied
50
10%
111%
4
--
3
Southern
10%
2.50
13
Alabama
Feb
Jan
Ashland Oil & Refining Co
Associated Electric Industries—
12%
114
I
Feb
6%
4%
11
Jan
Jan
10 %
1,800
Aro
Feb
xll2
Jan
3,600
6% preferred
10
Arkansas Power & Light $7 preferred-*
Jan
120
7%
High
5%
Feb
4
113% 114V4
4,100
If
j
Low
7%
Feb
38
10 'A
4%
15
100
High
7'%
Jan
300
113 %
8%
5%
Jan
300
10'%
Range Since January 1
7%
2%
4'%
Low
•
common
12%
12%
Shares
!%r
for Week
—.——1
Natural
1,600
3%
Range,
of Prices
Par
4%
5%
Sales
Last
Sale Price
Exchange
1,800
38
Week's
Friday
STOCKS—
100
15
4
38
4%
8
3
14%
4 ',8
-50C
preferred
3
12%
2
common
convertible
12%
3'/a
15
—10
Air-Way Electric Appliance
100
10%
3
___i
Convertible preferred
5
i~i1 a
.—i
Aero
7
23
12%
l
Inc
FEBRUARY
Range Since January I
Low
10
Inc
Products
Shares
High
5
ENDING
■U:
Sales
of Prices
Low
WEEK
for Week
Range
ale Price
FOR
i
THE COMMERCIAL A
834
Monday, February 10, 1947
FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
RANGE
Friday
Sale Price
New York Curb Exchange
of Prices
Shares
British Catsneee Ltd—
Class
B
Brown
4%
JOs
rets ord reg
British Columbia Power class A*
4%
4%
Jan
21%
Jan
19 Va
Jan
20%
Dennlson Mfg class A eommon
8% debenture-.
18%
8%
Brown Rubber Co common
Feb
Feb
4 V4
Feb
4%
Gray Iron Foundry
"2'/a
200
~2%
Feb
"2%
Feb
17%
18%
2,400
15%
Jan
18%
Feb
Devoe
8%
Jan
Diana Stores Corp com
Distillers Co Ltd—
8%
2,000
Jan
7%
45
45
100
45
Feb
47
Jan
26 'A
25
26%
50
25
Feb
26 V4
Feb
12'A
12%
12%
1,100
11%
Jan
12%
Feb
Buckeye Pipe Line
19%
18%
19%
19%
1%
1%
1%
1,700
7,400
7,600
Jan
200
A
1
Products
fi' 12%
Jan
Jan
Jan
12%
300
11%
Jan
13 %
12
100
11%
Jan
12%
Jan
Jan
3%
Jan
Jan
12 V4
Jan
3
3%
1,700
12
12 %
3,200
10%
37%
1,100
27
Jan
37%
■
100
15%
Jan
15%
'
Feb
15%
Jan
Jan
3'/a
_7%
7
7%
2,200
6%
Jan
7%
18 %
50o
,
12%
153
34
34
*
,
Jan
15%
y
10
,,,,
High
10% Jan
12'/a
~3%
l
,
Reynolds Class B
.
3,100
Jan
I8V4
Jan
15%
Jan
19%
Feb
13%
Jan
16 V4
Feb
Jan
Jan
Bunker Bill A Sullivan.
18%
Steel
Detroit
Low
11%
11%
12
12'/a
Detroit
Range Since January1
High
153
Detroit Gasket & Mfg new com.——1
700
Shares
,.100
Detroit Mich Stove Co common—
8%
11%
—5
for Week
Range
of Prices
Low
Par
High
Sales
Week's
Last
Sale Price
Exchange
"2%
—
Distillers.......—.
Forman
Range Since January 1
Low
300
York Curb
New
18
20%
20%
Jil
Amer dep
STOCKS—
High
JL1
dep recti ord bearerAm dep rets ord reg.
7
Friday
British American TobaccoAm
FEBRUARY
for Week
Range
Low
Par
ENDING
Sales
Week's
Last
STOCKS—
WEEK
FOR
Bruce
(B L)
Co common
Bruck Silk Mills
Ltd
Burma Corp Am dep rets.
6%
J2%«
Burry Biscuit Corp.
Butler (PH) common-
6%
6
13
13
—25#
l'/e
Jan
5%
Jan
12%
Jan
Am
dep rets ord reg
Divco Corp common
£1
1%
Jan
Dobeckmun Co common.
6%
Feb
Domestic
Jan
19%
—1
——
Dominion Bridge CO Ltd
Dominion Steel A Coal B
13
I6V4
1
Chem Co
3%
—
4
200
3%
Jan
Jan
3%
4
1,300
3%
Jan
Feb
::
floe
6%
Jan
Cables & Wireless—
£
Calllte
£1
dep rets 5% pfd.
Sugar Estate
Cslamba
Insurance..!!"
X9%
x9%
1,100
9%
Jan
5V4
4%
5'/4
3,900
4
Jan
20
Jan
20
Jan
15 %
Jan
•
2n
5%
12%
Jan
Jan
15
~2%
Products!!!::::.
& Kennedy Inc"
39
8V4
3.505r
prior preferred
preferred
ser
Jan
Jan
Jan
50
42
17'/a
16%
5,400
18%
400
8%
*8%
_9%
38,000
Feb
10
10%
Jan
Jan
9
Jan
39
Jan
42
Feb
14 %
Jan
17 Va
Feb
7%
23%
21%
23%
600
74
70%
75
22
22
preferred series A
$3.50
P
Electric
Jan
Jan
92
16%
Jan
330
10
Jan
19%
Jan
9%
Jan
19
23%
Jan
67
Jan
Jan
79
Jan
Jan
22%
Jan
18%
Jan
102
Jan
7%
23
Jan
Feb
Jan
67 \\
Jan
38
39
75
35 %
Jan
39
2%
Jan
2%
2%
2%
1.4O0
Feb
2%
Jan
70
65
70
225
61
Jan
72
Jan
64%
59%
65
1,325
57
Jan
66
Jan
44
Jan
49
Feb
9
Jan
16%
300
49
46
8 Ve
8 '/2
8%
16%
15%
1,300
31,600
%
Jan
Jan
300
70%
Jan
71%
70%
Jan
72
%
Jan
1
%
Jan
%
Feb
Jan
143 %
Jan
6%
Jan
%
740,800
141% 141%
50
%
6
6%
2,100
4%
4%
4%
1,700
130
Jan
5%
Jan
17
1
17%
1,000
71 %
72
6%
....—
Jan
464,900
71%
71%
•
Jan
8%
xl5
1 iV
71%
72
1
Inc
Jan
Jan
48%
Jan
19 %
19%
1,150
18%
21
19%
21%
2,300
16%
Jan
45
Jan
19
Jan
22 %
12 Va
Jan
14
Jan
24
74
76%
150
72
Jan
15%
125
14%
Jan
15%
Feb
3,400
1%
Jan
1%
Jan
9%
Jan
9%
Feb
2Va
2%
16,600
2
Jan
2%
Jan
49
51%
2,475
48
Jan
53 y4
Jan
10%
10%
1,100
2%
49
10%
Falrchild
9%
Jan
10%
Feb
29 %
Falrchild Camera A Inst Co..
1%
Feb
8%
Jan
30
Jan
7%
Jan
3'/4
77% Jan
15
108%
Jan
74%
Jan
111
30
Feb
21
50
700
108 %
Jan
100
725
108 %
108 V2
9 V2
Empire District Xtoctrie 5 %
22%
48 V2
48
—
60
pfd—100
Emsco Derrick A Equipment.
5
Equity Corp common
10c
$3 convertible preferred ,
...
.1
Esquire Ino
——.1
Eureka Pipe Line common
10
—
Feb
4 Va
22%
19%
10
preferred
Jan
18
20
15
5%
Jan
Jan
Elliott
Co common——
Feb
iff
3%
Jan
22%
*
f
1%
1%
31%
l2
}
co::::::::::^?
3%
Feb
Jan
130
4%
Jan
148
Jan
31%
41,000
23 %
Jan
31%
Feb
3,000
153%
Jan
160%
Feb
16%
500
29%
15%
10
160
14%
10%
17%
19
158% 160%
160
f,,
100
270
146
140
143
,
15 Va
Jan
154
Jan
3%
Feb
Jan
15
700
11%
Jan
15
Feb
11%
200
10%
Jan
11%
Jan
17%
17
16%
160
550
15 Va
Jan
3%
600
3%
Jan
Jan
18
3%
3%
Jan
Jan
3
Jan
10%
10
10%
800
9%
Jan
11
43%
43%
44%
875
40 %
Jan
44
%
Feb
88 %
70
8 8'/a
2,050
66%
Jan
88%
Feb
3%
3%
17,700
Jan
■
^
Inc.."~~_~"
Am
Class
100
8%
Jan
9%
Jan
12%
300
11%
Jan
12%
Feb
Amer
3%
3%
2,900
3 Va
Jan
4 Va
Jan
Fox
11%
3,700
9
Jan
11%
Jan
Franklin
coit a
warrants=-
Community Public Service
Community Water Service!!::::
Co®Po Shoe Machinery—
i
1956
,
£?£*?& ^oke Secur common'::::.
$3 preferred
•
?w°LQ E L P Bait common.!!
•
4%% series B preferred
!~"ioo
4% preferred series C__
Jnn
3,300
25 Va
Jan
16,200
5%
Jan
Jan
29
6%
Jan
30%
29%
30%
2,050
25%
Jan
32 %
Jan
iff
352
Iff
30,900
V8
Jan
■■pff
J an
400
33 %
2%
5,200
Commonwealth & Southern warrant*
34
33%
2%
9%
10
1%
34
10
1%
Jan
34%
Jan
2%
9 Va
Feb
10%
1%
Jan
?
Utilities..!!"
SSS2S3 SSfy&o«melt LM-i2
aS*»££gCorp ==£
82
2
Jan
118%
Jan
Jan
110%
Jan
84 %
9%
34'/8
2%
33%
19
18%
36%
34%
Fuller
$3
Storea
(Geo
A) Co
stock
conv
Coro Inc common
*
15%
Corroon & Reynolds..
$1 pfd class A
,
4%
1,800
8%
Jan
9%
Jan
1,275
78%
Jan
85%
Feb
600
2%
Jan
3
Jan
13,300
34%
Feb
Gatineau
5%
preferred.
Gellman Mfg Co common.
General Alloys Co.
Gen Builders Supply Corp
5%
conv pfd
38%
30%
Jan
8%
Jan
10
Feb
2,500
15 %
Jan
19%
Feb
5%
32
Warrants
Amer dep
General
rots ord reg
Finance Corp
1
?
11
Feb
Fireproofing common
General Outdoor Adv 6% pfd
Jan
Jan
General
"—
11
10
10
(Mdl
5%
6
1 Va
15%
1,700
12%
Jan
15%
Jan
4%
600
3%
Jan
4%
Jan
400
4
2,300
39
575
19
~5%
7,500
2%
7,600
13%
4,800
10%
6
20
1,000
5,500
1,800
5
5%
1,600
2%
pre?"rrS'",ln8 C°mm0n-
2%
600
33
33
25%
SuiwC™
33
24%
25%
.5* preferred
40
6,300
106 Va 106%
Cuban Tobacco common..
40
16%
300
16
Inc
Mfg Co (Mo) common—
—
2 60
jf
15%
13
Jan
13%
Jan
Jan
4
Jan
Jan
3%
36
40
Jan
Jan
7%
Jan
25%
Jan
31%
Jan
2
,
10 Va
13%
400
Jan
2%
Jan
Jan
13%
Feb
Plywood
t
,,
page 837.
■
29
—
650
—
7%
7%
"9%
10%
1 i
Jan
12'
24%
Jan
29
Feb
78
12V4
29
Jan
78
Jan
—
10%
Feb
$5
preferred——5
(A C)
Preferred
5%
Jan
Globe-Union
Feb
12
Feb
107
Jan
17
Jan
Jan
Jan
7
13%
Jan
Feb
600
7%
Jan
37%
Jan
900
Jan
8
Jan
Jan
38
Jan
9
Jan
10%
Feb
Jan
7
Feb
31a
Jan
3%
200
3
5%
6Va
3,100
5%
Feb
6 Va
Jan
28V'4
29%
225
28 \A
Feb
32 Va
Jan
29%
13%
Jan
14
1
9%
•
8%
8%
28%
5
26
105
100
•
Inc
'
,
B
$4.50 prior preferred
Consolidated Mines—
Goldfield
Goodman Mfg Co
Gorham
1,800
8%
Jan
9%
9%
700
8%
Feb
9%,
Feb
4%
Jan
5
Jan
5
28 V2
105
100
1,200
24
20
104
Jan
Jan
28 Va
106
24%
Feb
22
24%
4
11,700
Jan
1,000
Feb
19%
Jan
Jan
90
Jan
3»/4
Jan
4
Jan
97 Va
220
92%
Jan
97%
Feb
113 Va
Jan
114 %
Jan
HOVa
Jan
110 Va
Jan
6%
Feb
Inc class A
6V4
1,900
5%
Jan
20 Va
800
19%
Jan
21
Jan
53 Va
40
53%
Jan
53'/a
Jan
16
Jan
21%
Feb
20%
21%
1,400
17
17%
4,500
17
Jan
18 I/a
Jan
1,800
11%
Jan
13%
Jan
15%
Jan
17
Jan
5%
12%
13
16%
12%
16%
600
5 Va
5 Va
500
_•
1V4
~1%
31
1V4
100
Jan
13,100
Jan
5%
Jan
61%
Jan
30'A
Jan
32
Jan
103
31
4%
61%
•
Jan
103
Jan
1
Jan
1V4
Jan
45%
Jan
45%
50
•
12V4
12%
59
59
17
15%
17%
9
8%
12%
•
100
Jan
29 %
Jan
17
1
-•
1
17'/a
Jan
21%
59
Rapid* Varnish
Gray Mfg Co
Great Atlantic A Pacific Tea—
Non-voting common stock
7%
1st preferred—
Feb
18%
10
Mfg common
100
16
29 V4
1
-5
1
5%
19%
53 Va
6%
20%
•
■
(Adolf) Inc common.
Godchaux Sugar* clk» A
Class
Jan
Jan
9 V4
89
1
•
2JO
Gobel
Jan
Jan
4%
16
Alden Coal
2%
Feb
103%
3%
•
Glenmore Distilleries class B—
Glen
Jan
14
7
25
7,500
5%
*
common
Gladding McBeail A Co
Gleaner Harvester COrp
Jan
106%
Feb
5 Va
Jan
Co.
Gilchrist
5
Jan
Feb
19%
104 Va
*
Yellowknife Gold Mines
Giant
2%
26%
11%
Feb
96
Feb
23% Jan
Jan
18%
104 Va 104 »/a
~
6%
•
Feb
Feb
9V8
200
•
6
33
5,000
19%
96%
$6 convertible preferred
Georgia Power $0 preferred
20
Jan
11. Vs
"3%
Jan
30
10%
"4
Jan
35
::
Jan
11%
27%
Graham-Paige Motors $5 conv pfd_25
30
BOo
Feb
2,200
121/4
General Public Service $8 preferred--*
General Shareholdings Corp com
-1
Jan
33
7%
36%
24
Grand
aJO
„
Feb
Jan
14%
Jan
-1
Corp
5
D
Inc
Jan
31
Jan
5
General
Gorham
Dayton Rubber Mfg class A conv
Dejay Stores common
10%
Jan
13%
:
8%
16%
6%
12%
13%
Feb
Jan
26%
100
33%
10
Jan
2%
2%
12%
2%
9%
300
£1
common
preferred series A
Gilbert
Croft Brewing Co..
Croiley Motors inc
Crowley Milner & Co.."
Feb
100
""
1
Va
31
2%
9 Va
2%
31
25
9%
27%
Feb
Jan
3%
3,400
7%
31
20%
21
50
1
2,450
American dep receipts (ord reg)__£i
-
Jan
Jan
100
.100
11
38
18%
Gen Electric Co Ltd—
6,300
13%
4,300
Jan
18 Va
Feb
3%
20%
Jan
6 %
G
Feb
13%
Jan
13 Va
10%
39%
3%
6
1,600
36%
eommon
Power Co common
x6
13%
20
13%
•
Jan
4
Jan
Jan
36 %
1
L:
Jan
14%
19 %
29
31
Corp
19%
1%
Jan
40
43%
6 V*
9%
1
4%
%
2%
Jan
1
Inc
900
10 Va
Jan
Jan
50
Co
550
1
Creole Petroleum.
&
39%
11
Jan
2%
1,900
350
42
2%
1
1.25
x6
sB
Jan
19%
20%
5%
"}
80
3
2%
6
6
41
reg.
pfd
conv
Franklin
10
9
10
9%
85%
84
2%
39%
an
Jan
109
,
,
83%
116
*
...
Jan
50
i
common!
77%
30
Cooper Brewing Co
Copper Range Co
Cornucopia Gold Mine's!:::
convertible preferred
Courtaulds Ltd—
1,300
110% 110%
9%
Jan
14
59
Jan
117% 117 Va
Cbntinentai Fdy &~Mac~hTne~Co
Cook Paint & Varnish Co
5%
4%%
Simon
Garrett
79
2%
41
42
Jan
300
22%
Jan
Jan
400
Jan
Jan
2
,
80
4
rcta bearer
Brewing Co..
(Peter) Brewing
10 %
6%
"2%
dep
3%
29
14
AO
.100
Fort Pitt
6'/a
22 Va
13
Motor of Prance—
9%
12%
27
20
13%
non-voting.
B voting.
10%
SSSHSff Fire Arms
Patent m Iron warrants-7_~l__
ok
rets ord
dep
Ford
6%
18
12%
18
22
Class A
9%
29
3,600
7,900
900
Ford Motor of Canada-
12%
V5o
Jan
15,300
Ford Motor Co Ltd—
r
Development ordinary
Jan
23 %
400
3 Va
X23
$1 Stores.
to
50
Feb
3%
Jan
51%
3V»
X23
•
9V4
Jan
23
9'/4
23'%
9
3%
Engine A Airplane.
Falstaff Brewing.
Fansteel Metallurgical
Fedders-Qulgan Corp.
Fire Association (Phlla)
First York Corp common.
$2 div cum pfd—.
Fishman (M H) CO—
•
^low Co common
97%
Jan
warrants
Electromaster
14
1%
see
Feb
.1
■
pfd A
22%
gSftSLsr---'
For footndtes
Jan
Jan
63 %
%
A Light 2d
14
.
Davenport Hosiery Mills
4'A
3%
92 %
625
•
22%
~
Brothers
Jan
14%
•
22%
4
Mfg Co
David ion
Jan
300
15%
225
*
22%
16%
enrtl11
6%
Jan
Jan
4,800
1 .V
Power
Option
.
formerly $5
formerly $6
pfd
pfd
rights
rights
$4.20
A
.
——10
*
Curtis
Jan
3
*
175
.
Cuban Atlantic
5%
14%
65 %
——*
—
10,200
preferred B
preferred BB
City Auto Stamping...!"
City & Suburban Homes
J6
Jan
500
95
*
,
$6 preferred series w
4
60o
Petrol
16 Va
6
14%
Eastern
23
•6
Cent
,
3%
160%
Airlines.
Corp
22%
"
Products
States
Electrographio Corp
101
"IS
?2
2
Crown
Jan
5%
25
5
.
♦6 preferred
Petroleum
103
50
Elgin National Watch Co common
common.:ZZ^i
l^hildaService common
Co preferred
Citha
Malleable Iron
3%
^Consolidated Mining
Cosden
Jan
103
3%
Electric Bond A Share common——5
49
1,400
"inn
1929
£5!®;*® RIvet & Mach
Chief
Consolidated Gas
101
Feb
64
Jan
20
90
Utillt"l7s~50?
£ft'ebro»?h m« common
to
Jan
92 %
Jan
116
18%
Chamberlin Co of America
ext
Jan
45
3%
8%
Jan
9
8%
1
Ton
Charts Corp common
Cherry-Burrell common..
Vtc
79
Jan
64%
32%
Jan
300
divTer::::::::—1S0
Colonial Mills
Feb
44
150
-
92 %
Jan
Feb
10
17
vSSSrId!.— Preferred~~}00
Colon
71%
74 Va
*
—
Jan
30
17%
J00
Clark Controller Co
91
40
Feb
100
100
Gas A Fuel Assoo common
Sugar Associate*—
$5 preferred
Easy Washing Machine B
115%
10
9
.
conv pw opt
Cony pfd opt div
Jan
103
14%
•
Jan
50
19»/4
42
l£nt*Lt ^ West
Colonial
Jan
3
Power Co
Cessna Aircraft Co
89
91
6
40%
1,600
18%
10
IwSi ?hI° Steel deducts
Central Pow & Lt 4% pfd
ciub Alum
6%
700
18%
common.
preferred
Clarostat
Jan
43 Va
M) & Co
*
Jan
300
32
115% 116
Catalin Corp of America.
c*®t Maine
2%
38 %
!!
com.!!!
Co
9,100
250
8V4
8
30%
common
Casco Products
7%
"2%
38%
& Co common
(J w>
«
~2%
39
Carolina P & L $5 pfd
Carr-Consol Biscuit Co
Carter
Jan
16
*
7
4%%
6%
$7
preferred
Co
24%
—
103
Dunlop Rubber Co Ltd—
Am dep rets ord reg.—...
Durham Hosiery class B common
Duro Test Corp common
—
Duval Texas Sulphur.
—
Eastern
c*®Jdian Industries Ltd—
Carnation
Jan
_
71%
Duke Power Co.
East
200
15
14%
•
•
Canadian Marconi
carman
Feb
24 Va
—
.10
Eastern
Capital City
17%
Feb
—
Alcohol—
Class A voting
Class B non voting
.7%
33%
Jan
Jan
13%
Jan
12%
4,400
•
preference
Canadian Industrial
4%
33%
25,000
4V4
-5
Canada Bread Co Ltd
Canad* Cement Co Ltd common
6%%
Jan
10
x9%
-1
EIectrlc Power
Eire
Jan
7%
10
Tungsten Corp
Camden
—
—
—
.1
3% Jan
25
17 Va
89
91
Co.
Harris
2,300
33'/a
4
—
Draper Corp.
C*vlu!L$c!Tlo^Pro<lllcta com»on
Voting trust certificates...
16 %
14%
4%
17%
Dominion Textile Co
Driver
15%
2,800
33 Va
Credit Corp class A.
Dominion Tar A
19%
19
12%
9
12%
Jan
400
12%
Feb
15 Va
Jan
100
58
Jan
62%
Jan
11%
Jan
3,600
600
2,700
8
10%
Jan
Jan
17%
9
13%
Feb
Feb
Jan
106
106
107
250
100
Jan
107
Feb
137%
137
137%
140
136
Jan
137%
Jan
;
'
Volume
165
Number 4567
THE COMMERCIAL ft FINANCIAL
CHRONICLE
835
NEW YORK CURB EXCHANGE
RANGE
Friday
STOCKS—
New
York
Curb
Week's
Last
Exchange
Low
Great Northern
Paper
25
Products common—25c
Gulf States Utilities $4.40
100
pfd
Gypsum Lime & Alabastine
*
42
Grocery Stores
450
15 %
39 %
300
112% 112%
20
New
Jan
Line
15%
Jan
Lionel
Feb
113
Jan
Material
Brothers
Hecla
Stores
Class
(R)
Hormel
w
w
&
Horn
&
5 %
_
Jan
34%
Feb
64
Jan
70%
Feb
1,300
4
Jan
4%
Jan
3%
4%
1,300
3%
Jan
4%
Feb
8%
300
15%
15%
16 Va
400
15
Jan
17
Jan
12
11%
12
10
Jan
12
Feb
Lynch Corp
12%
13%
4,800
12%
Jan
13%
23%
25
213/4
13%
13%
700
106% 106 %
100
Common ctfs of dep
7% preferred A ctfs of
6% preferred B ctfs of
Jan
25
33 %
Jan
105
78%
5
10%
1
6 %
10%
Jan
15
Feb
Jan
33%
Jan
Mangel Stores
Jan
81
Jan
1,600
9%
Jan
IO3/4
5%
Jan
63/4
Manati
Feb
200
30%
5%
conv
32 V'4
9%
Dividend
Illinosi
arrear
Zinc
Co
46
Communication
Co
29
Jan
31
Jan
60 3/4
Mead Johnson
25
Jan
.
32%
Memphis
Feb
73/4
Jan
1
Jan
25
•
Jan
Menasco
Jan
9'A
Feb
100
45
47
10% Jan
12%
Feb
7%, Jan
10%
Feb
48 %
51%
700
51%
Feb
3%
300
40%
40%
600
45
Jan
r
3%*Jan
40
31
•
33/4
Jan
Ltd
64
900
17 %
17%
20%
57 %'
5,700
19
2,100
of
Canada
31
8%%
•
Indianapolis
Pow
Indiana Service
7%
&
6%
Lt
4%
pfd
preferred
64
preferred
Insurance
Co
North
America
Gas
common—.
International Cigar Machine
International Hydro-Electric—
Preferred
$3.50
series
6%
Jan
135/a
Feb
Jan
13%
Feb
14
A
14
1,300
123/a
Jan
20%
1,600
20%
Feb
50
Jan
20%
Jan
109%
Jan
100
700
15%
15
13%
15
14%
14%
98
19%
58%
Feb
21
Jan
65%
29
dividend
200
13%
Jan
1,000
12%
Jan
15%
19%
Feb
Jan
21%
Feb
Jan
45
Feb
11%
11%
1,600
9%
Jan
11%
Feb
29%
30%
1,000
29%
Jan
33%
Jan
6%
Feb
Wohl
65/8
2,400
3%
3,100
2%
Jan
18%
1,500
15%
Jan
5%
5%
1,600
5%
6
6
100
5%
Jan
6% Jan
6
6%
800
10%
800
3%
Jan
5%
Jan
15
Feb
11%
Jan
125/a
23
Feb
30
10%
Jan
7
Jan
110%
Jan
Jan
6%
Jan
Jan
5%
Jan
50
6% Jan
Jan
10%
Feb
2%
Jan
9
500
33/4 Jan
18% Feb
Jan
1,900
2%
Jan
12
3,600
10%
Jan
12
Feb
1
12%
11%
12%
1,900
11%
Jan
13%
Jan
16%
Jan
19%
Jan
3%
Jan
4%
Jan
L
Dakota
1,000
20,200
7%
8 3/8
375
7%
29%
29 %
50
27%
31
313/4
Plan
Jan
29 %
Feb
Feb
500
29.
Jan
3% Jan
31%
4
4%
Jan
13
13
300
12%
Jan
13% Jan
17
350
16%
Feb
17%
50«
1 %
700
1%
Jan
1%
Jan
375
Mountain
19%
Jan
22%
Feb
7 %
700
Mountain
Jan
7%
Feb
1 %
1,300
Mountain
States
1%
Jan
l5/8
Jan
3%
Jan
Jan
'91/4
Jan
37%
37%
150
37%
Jan
8%
37%
95/8
2,400
8%
Jan
105
Jan
28%
10%
5%
10
Jan
10%
Jan
10%
3,100
5
53/8
3,300
3%
33/8
400
13%
13 %
1,000
12%
10
186%
Jan
17%
Feb
19
Jan
373/a
13%
*
Jan
39
Jan
188% I88V2
•
18%
17%
18%
9
10c
"5%
5%
5c
2%
10
9%
5%
1,450
2%
2,000
2%
9%
1,900
31%
250
Jan
5%
Feb
Jan
3%
Jan
Jan
15%
Jan
5
4,400
9
31
•
Feb
4%
3
•
common
Jan
10
Jan
Jan
28
5
common
Power
Jan
36
105
1
lie pfd
City Copper
Jan
8%
•
Producers
5%
3
2,100
1
Corp of America
22%
2,700
9 %
—
common
Jan
3%
8%
100
1
1%
600
3
9
*
pfd
Ward A
Heat t Power
Morris
Feb
4
"3%
.,,1
common
pal
8%
16%
Utilities
Investors
Jan
Jan
—
...50
5%
23%
18% Jan
4
313/4
,50
Montreal Light
Jan
35/a
23%
83/s
Society A
Montgomery
3%
22%
-10
&
Loan
3s/8
*
preferred
P
2%
23%
—5
common
Moody
Jan
10
Jan
Jan
49
6%
*
Public Service
Montana
5%
110
5%
——
Co
conv
Monroe
6 %
2%
—
Molybdenum
Corp
Monogram Pictures
Jan
4%
1%
Jan
13'A
39%
10%
shares
Co
6%
*
17
75
Products—
21 %
22%
1
1,900
30,700
2%
common
Oil
4%%
Feb
300
19%
11%
—
Abrasive
Minnesota
Jan
15%
24%
Jan
•
Mining Corp of Canada
Feb
Jan
Jan
600
Jan
2
3
2.50
Jan
15%
23
Midwest
Jan
13 %
12%
Co
Missouri
6,200
4%
9"%
18
l
Corp common
Corp $1 conv pfd
non-cum
Mid-West
Jan
1,900
Jan
Jan
1% Jan
—10
West
Midvale
Jan
93
65%
xl2%
Jan
Jan
200
15,
Miller
106
13%
4
55
21%
25o
Jan
108
60
64%
4
J an
Jan
45
6%
1
Jan
29
ctfs__*
Italian Superpower A
1055/a
215/8
900
15%
1
trust
97%
65%
12%
%
8%
2,000
100
Co
Midwest Piping Se Supply com
Mid-West
Refineries—
Jan
107% 108
19%
4
20%
Feb
Jan
6
preferred
Iron
Feb
13%
20%
19%
International Metal Industries A
•
International Petroleum
coupon shs__*
Registered
shares
•
International
Products
10
International Safety Razor B
*
International Utilities common
5
Interstate Power $7 preferred
•
Investors
Royalty
Iron Fireman
Mfg voting
Irving Air Chute
$2
Jan
94
•
2%
3%
Oil
Jan
95%
Jan
19% Feb
18%
Steel
11%
97%
113
l
Midland
11%
108
Jan
•
Middle
1,300
20
18%
—
B
Jan
6,800
14
10
Jan
19%
11%
1
Jan
13%
20%
100
of
Jan
15%
433/4
21
•
Jan
13%
107% 108
2
•
18%
12
100
93/4
2
19%
•
20%
Jan
167/^ Jan
17 i Jan
12
100
9%
2
Middle States Petroleum class A v t o.l
Class B v t c
1
6%
5
11%
6,900
4%
9%
1
Michigan Bumper Corp
Michigan Steel Tube
Michigan Sugar Co
Feb
131/2
£1
Jan
200
111%
•
t 0
Metal Textile Corp
Participating
preferred
Feb
13%
of Great Britain
&
13%
19%
£1
v
St Co
Natural
Messabl
Jan
49%
27%'- Jan
3,300
£1
Ireland
14
52% Jan
Midland
•
13%
14
Warrants
Jan
500
5.000
20
•
Jan
Jan
100
Mfg Co
Chapman & Scott
Merritt
Imperial Chemical Industries—
Imperial Tobacco
Imperial Tobacco
90
82%
Jan
20
1714
dep rets regis
Imperial Oil (Can) coupon
Registered
Jan
Jan
54
$2.50 preferred
McWilliams Dredging
Jan
58%
12%
63%
83
76
54
Massey Harris common
McCord Corp common
Jan
600
46
30%
J 50
450
Marconi Internat Marine
Feb
43
1153/4
10%
30%
Jan
86
79%
18
Jan
9%
50
Feb
78%
*
Mlcromatic Hone Corp
Am
Jan
1%
900
Jan
11%
40%
•
11%
Jan
4,800
40
50%
ctfs
Jan
1
3%
Marion Power Shovel
Mass Utilities Association
3%
common
10%
15,300
20%
Jan
10 %
•
1,000
1 %
2%
Jan
1,300
25
*
Co common
11%
19%
39
12%
preferred
Jan
•
Preferred
Illinois Power
19%
1
27%
100
29%
8%
5
Jan
•
common
114
31
24
•
1
16%
warrants—
Jan
2,100
18,200
5
Hydro-Eiectric Securities
Hygrade Food Products
optional
Jan
625
60%
•
preferred
Sugar
23
--
x59%
32 %
1
8.100
Jan
1,100
43
—
60%
purch warrants
Jan
19%
19%
1
Manischewitz (The B) Co
Mapes Consolidated Mfg Co
6%
26
41%
--
5
common
9%
M
Jan
37
•
26
Jan
Jan
68
•
5
29
Jan
7%
84
Jan
83 %
•
43
Jan
Jan
24%
1
79
Feb
107
Jan
10%
6 Va
«
23%
Jan
11
2
28
1,000
common,.
dep
dep
8%
2,400
77%
Feb
31
Jan
133/4
11
Jan
Jan
16
Jan
100
Feb
11%
Jan j
4,000
1%
83 %
32 %
preferred
stk
8'%
15%. Jan
78%
Oil
Co
Jan
7%
8%
Jan
26%'Feb
9%
26
9
Feb
13%
«
1,800
17%
32%
-
19%
11
Louisiana Land & Exploration
Louisiana Power St Light $6
pfd—,
2,400
•
Hussmann-Ligonier
1st
30%
240
8%
100
11
26
9%
19%
1
600
4%
33%
common.
Jan
Jan
11: High J&
Jan
24
29
70%
10
M_
16
200
31
1
34 %
-1
common
1,000
*9%
10%
10
4%
1,600
(Harvey) Inc
&
Refining
Fibre Corp—
Lock & Mfg Co
Com
Feb
15
Hubbell
Huyler's
8 S/8
10
_
Hardart
$2.25
Jan
15
Hummel-Ross
Hurd
7%
17%
26%
30
6
4%
1
preferred
Humble
300
100
_
common
class A
Inc_
Feb
Low
17%
25%
25%
•
-
Logansport Distilling Co
Lone Star Gas
Corp common
Longlnes-Wittnauer Watch Co
Long Island Lighting Co—
68%
100
(Geo A) & Co common
Hardart Baking Co
Horn
IIV2
Range Since January 1
High
•
33%
2
w
Hollinger Consolidated G
Holly Stores Inc
Holophane Co common
Horder's
Jan
8%
•
& Co
9
8
*
common
Henry Holt & Co
Heyden Chemical
class A
4%
5
A
Co
Groceterias
68%
25c
5%% preferred
4% preferred w
Hoe
common,
Rubinstein
Heller
900
Low
•
34
.
Mining Co
Helena
8%
11%
Shares
25
23%
.
Dept
preferred
common
Locke Steel Chain
10
for Week
5
Inc 6%
Sales
Range
of Prices
10
Llpton (Thos J)
H
Hearn
Co
Class B
11%
...
Week's
Last
Sale Price
Exchange
Corp
Loblaw
Lamp Co.
n
•
Hamilton Bridge Co Ltd
Hammermill Paper
10
Hartford Electric Light
25
Hartford Rayon voting trust ctfs.
1
Harvard Brewing Co
1
Hat Corp of America B non-vot
com__l
*
Hazeltine
Corp
Curb
Par
44%
Jan
13
112%
York
High
Jan
Lit
Hall
^
Friday
Range Since January 1
Low
42 %
15
FEBRUARY
STOCKS—
Shares
High
41 %
15
ENDING
for Week
of Prices
Par
WEEK
Sales
Range
Sale Price
FOR
5% Jan
Jan
2%
Jan
2%
Jan
189
Jan
Feb
Jan
9%
Jan
31%
Feb
Jan
8%
30
137%
Jan
Mountain States Tel & Tel
100
Murray Ohio Mfg Co
Muskegon Piston Ring
2%
20%
19%
20%
1,200
16%
Jan
20%
Feb
*
12%
11%
12%
300
11 %
Jan
12%
Jan
•
15%
14%
15'A
1,400
11%
Jan
15%
Jan
1,100
5%
Jan
7
33/4
Jan
Muskogee
Jeannette
Glass
Jefferson
Lake
Co
common
1
Sulphur Co
Brown
Class
Stores
A
19"
19
203
3,300
17
Jan
20%
Julian
common
preferred
&
Kokenge
6~'
6%
7'
800
6%
Jan
6 =
7%
5%
6
1,500
5%
Jan
63/4
16%
17
1,900
143/4
Jan
18
Jan
Jan
26
Jan
•
Co
17
•
Namm's
Corp new
Inc
pfd
100
common
Bellas
Breweries
KIdde
(Walter)
4%%
5%
Kleinert
Knott
(I B)
Corp
125%
Feb
National
Mfg & Stores
National
Pressure
19%
Feb
125%
Feb
Jan
26 %
Jan
Jan
26
Jan
National
Jan
National
75
2,700
81
81%
81 %
Jan
64
85
64
Jan
64
120
61
Jan
15%
69
15%
Jan-
16
2,800
133A
Neptune Meter
Jan
16
Feb
5%
5,800
4%
Jan
12%
29,800
1
5%
11%
Ltd
1
1%
•
25%
10
common
4%
10
1%
25
1
1
l
1093/4
73%
73/8
9,900
25 %
19%
30
19%
300
100
1
Co
143/a
Jan
Feb
1%
24
17%
21
10
__
9%
16%
10
1,200
16%
200
9
16%
Jan
5%
12%
Nelson
Feb
1
a
Feb
25%
Feb
19%
Feb
Jan
23
Jan
Jan
10%
18
Lakey
Foundry
Lamson
Corp
&
of
Lane Wells Co
I_
Salle
Lefcourt Realty common
Prior preferred
Leonard Oil
Development
L©
Tourneau
(R
G)
For footnotes
143/4
Feb
15
14 %
1,800
125/a
Jan
6%
7 1
5,100
55/8
Jan
7
9
1,500
63/,
Jan
~i
A_
16%
14 1
8
%
8
New
Haven
4%%
1
N
Y
9
Feb
N
Y
16%
700
15%
34
Jan
34
Jan
200
26
Jan
30
Jan
15%
Jan
153/4
Jan
7 '
Jan
—
1
11111*
1-25
N Y
Feb
27%
Jan
16%
7
Jan
10%- Jan
"1%
~1%
7,300
26
25%
27
1,300
12
Jan
44%
Jan
Jan
1% Jan
23%
15%
Jan
14%
Feb
17
Jan
18
Jan
37%
38
450
36%
Jan
393A
Jan
12%
12%
13
1,400
11%
Jan
13
Feb
14%
13
14%
6,700
10%
Jan
14%
Feb
1
1%
1%
2%
4,400
1%
Jan
2%
Feb
4%
4%
4%
3,000
4
Jan
5%
Jan
*
13
12%
135/a
9%
9%
13
10%
Jan
300
13%
Feb
16%
Jan
500
9 Va
Jan
103/8
Jan
91%
875
•
100
8%
91
90
Jan
13
9%
Jan
--
116
118%
290
88
Jan
94
Jan
28%
——*
108
Feb
1,000
15
10%
Jan
313/4
Jan
Feb
120%
116
Clock
Jersey
Park
Jan
1% Jan
29
&
Watch
Co
Zinc
&
Arizona Land
Mining Co
Auction
common
Co
common
*
7%
7%
7%
1,000
20
15%
15%
15%
350
25
preferred
conv
65%
65
66
1
1
Jan
Honduras
Rosario
Merchandise
63%
Feb
8%
Jan
Jan
153A
Jan
Jan
67%
Jan
4%
4%
2.800
4
Jan
43/4
Jan
2%
2%
1,300
2
Jan
23/g
82
4%
2%
Jan
*
•
City Omnibus warrants
St
1,500
7%
14
10
4
9%
82
Jan
Jan
10
1,000
5
575
2
Jan
5
Feb
350
35
Jan
47%
Jan
20%
100
20
Jan
21%
Jan
12%
300
10%
105% 105%
55
105'A
2
10
41
45%
10
20%
8%
Jan
10
Jan
Feb
44
~1%
Y
Jan
27
•
N
7%
16
"1111115
page 837.
Jan
9
5
Inc
see
13%
7%
•
University
400
14%
common
Monotype Machine
Ext
14%
1
5
Class B
La
13 %
Jan
12%
Jan
Hill
Machine
Delaware
Langerdorf United Bakeries class
Lanston
14%
14
700
8
Power Associates
preferred
preferred
New England Tel & Tel
New Process Co
5
Mines Ltd
Jan
3,900
14%
B
Corp.
common
$2
New
Shore
Jan
30c
common
6%
New
Laclede-Christy Clay Prod
Mines
Radio
(Herman)
New Mexico
Lake
Jan
45
14%
12.50
New England
Jan
Jan
Feb
4%
Jan
14
Feb
Jan
42
13%
Jan
Jan
Jan
Union
110
*
Transit
National Tunnel &
National
%
Co common
Rubber Co
7%
109
l
M Co
Feb
Jan
43%
14%
•
Nesle Le Mur Co class A
1
6%
14,100
42%
14%
2
com
National Rubber Machinery
Steel Car Ltd
6%
11
43%
1
common
Cooker
100
D
Brewing
95/8
4%
1
Fabrics
100
B
Kobacker Stores
Krueger
10
100
pfd
•
7
3%
4
*
Malllnson
14%
Products
Emil)
125% 125 %
Jan
Jan
25
13%
Petroleum
(D
6 3/4
24
Corp—
Kirkland Lake G
Klein
49,100
6 3/4
1
common
13 %
King Seeley Corp
Klrby
1
common
g%
preferred
preferred
9%
•
5
Kings Co Lighting 1%
Kingston
8%
5
& Co
Kimberly-Clark
125%
Hess
preferred
National
•
Kennedy's Inc
Key Co common
common
National Fuel Gas
914
1353/4
N
Nachman
7%
Kansas Gas & Elec 1%
Kawneer Co
20
Jan
K
1
136
23
Jan
National
Corp
136
•
common
National
Kalser-Frazer
—
Jan
l
1
24%
Jim
Co
—
Jan
N Y
Shipbuilding Corp—
Founders
shares
N Y State Electric & Gas $5.10
N Y Water Service 6% pfd
Niagara Hudson Power common
5% 1st preferred,
5% 2d preferred
Class B optional warrants
1
pfd-100
100
12 A
--
56
56
9%
1
100
,,100
11%
57
10%
90
26,700
51
Jan
12%
Jan
105%
Jan
9'A Jan
58
10%
Feb
Feb
Jan
Jan
118
117% 118
775
115
Jan
124
Jan
115
115
210
111
Jan
117%
Jan
1,500
1
Jan
1%
1%
115
1%
1% Jan
THE COMMERCIAL &
836
FINANCIAL CHRONICLE
NEW YORK CURB
RANGE
Low
Par
Niiea-Bement-Pond
l3 4
(6 preferred
-
B
Class
common
Northern
10%
35.300
450
18
Jan
Jan
7%
Jan
166
39 Va
700
Feb
Jan
11%
Jan
2
39 %
400
800
3%
20%
Jan
Feb
10%
Feb
176
40 %
Jan
37 %
Feb
36
Jan
39 3/4
Jan
Jan
53/4
5%
5%
12%
12 %
300
11%
Jan
6%
6%
6%
3,700
6%
Jan
73/a
57%
57 %
25
57 %
40'/2
42
Feb
110
Jan
55 '/2
Jan
58
Jan
3,300
7%
31
108 Vi
37
Jan
5,200
42
7
7%
1
Natural
Oklahoma
new
7
Feb
100
31
2%
2%
3,500
—
2,500
6%
Jan
24%
1,300
19%
Jan
24%
Feb
17%
18%
300
1538
Jan
18%
Feb
10
Jan
11%
Jan
612
6%
3,300
638
Jan
6:%
Feb.
7
7%
1,400
6
Jan
7%
Jan
4%
4'%
1,600
3%
Jan
4%
Feb
Jan
30%
A
5% %
1st
1st pfd
Pacific
Public
31%
$1.30
Jan
United
Corp
Co
A)
Jan
2'/a
Jan
23/4
Manufacturing
Scullin
Steel
common
36
Feb
Securities Corp General
Jan
115
Jan
Seeman
Jan
Jan
Segal
Feb
Selby Shoe Co
Jan
Selected Industries Inc
500
8 Ve
—
Jan
6%
12
Jan
37%
8 Va
12 %
Page-Hersey
Pan
Tubes
American
Paramount
Parker
62
64
330
$1
preferred
Pennroad Corp common
Penn-Dixie
Cement
1
41 VB
37%
Feb
13%
33k
St
Penn Traffic
Light 4%%
pfd
Co
Perfect
Circle
67%
1%
Jan
12 %
Jan
Jan
13 %
Jan
Jan
4%
Feb
•
of
$3 convertible preferred
Simplicity Pattern common
Singer Manufacturing Co
59%
Jan
64
Feb
Sioux
7%
305 V
City Gas & Elec Co—
preferred
(Howard) Paper Mills
734
Jan
Jan
4%
Jan
Jan
7%
Sonotone Corp
1
3
3
Jan
Soss
7 V4
7 Va
Jan
South
1
1
Feb
113 S/8
53/4
69
9 Va
Manufacturing common
Coast
Corp common
1,300
41 %
Jan
5C%
Feb
39%
Jan
55
Feb
Southwest Pa Pipe Line
Southern California Edison—
common
9,000
834
Jan
10 3 4
Feb
5%
1,300
10%
Jan
12 34
Feb
6%
preferrd B
"3 A
Piper Aircraft Corp com
Pitney-Bowes Inc
l
5%
2
12 Va
19
Jan
21%
Feb
1,300
14%
Jan
21
Jan
3%
4,200
*3Va
Jan
5%
5%
1,500
5 Va
11%
12 Va
2,100
103/8
shs
5 %%
New
England Telephone
Southern Phosphate Corp—
"33/4
Jan
Feb
6 3/e
Jan
Southern
Jan
12 VB
Feb
Southland
Feb
Spencer Shoe Corp
Name
Baxter &
Kennedy
50
57%
61
2,770
5
11 %
11%
1,800
~6%
l
6%
63B
900
Mining Co
25o
common
Corp of Canada
2.50
•
common
1st preferred
Jan
8%
Jan
11%
Feb
•
l
Gold Mining
Prentice-Hall Inc common
6%
7VB
Jan
standard
16
12'/a
8
1,800
53/4
Jan
6%
Jan
17%
5%
5%
4,000
15%
Jan
17%
Feb
6 1
l
America
Producers
45
45
1
1A
13%
100
45
Jan
11
13%
Feb
Standard
Dredging Corp
1
Providence
•
1%
Standard
Forgings Corp
Oil
Gas
—
8
—
Common
&
Light
Preferred
Jan
lVa
Jan
12%
2,200
"9%
Jan
1%
2,100
1%
Jan
16%
100
16%
Jan
17%
6%
1st
100
1st
8%
Jan
83/4
Jan
__
100
preferred
preferred
Puget Sound Power & Light—
$5 prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Pyrene Manufacturing
12%
Feb
class
109
Jan
Products
Tube
2
Quaker Oats common
0% preferred
Quebec Power Co
109
10
108 %
116
Jan
Jan
Jan
109
Jan
116
•
109
109
27
110
100
Feb
109
110V4
Jan
26 %
27
1,000
25 %
Jan
27
Jan
13 V2
5
14
150
13 Vt
Jan
14 Va
Jan
11
10
11'
400
10 %
Jan
11V4
Feb
•
95
.—.——100
170
92'/2
•
18 3/4
670
170
170
95
10
183/4
25
161
18 3,4
Jan
96
Jan
Jan
90%
170
Feb
18%
5,500
Jan
73/a
4
1,300
7%
Jan
7
Jan
Jan
6V4
600
53/a
Jan
33'4
1,200
31%
Jan
33 3/4
Feb
Jan
35
Jan
43
41
Jan
43
Feb
32 3 E
100
31%
Jan
32 3/8
Feb
31»,
700
30 %
Jan
313/4
Feb
20
143
Jan
147%
Feb
7
Jan
7%
Feb
31%
50
200
800
16%
Jan
8V.
734
8 Va
2,000
7 V4
Jan
8V4
Feb
4
734
100
7%
Jan
9
Jan
2V4
2 V4
2 V4
900
2 Va
Jan
23/,
Jan
24
25 V»
1,600
19 Va
Jan
25'A
Jan
36
36
100
32 3 4
Jan
36
Feb
1,000
3%
Jan
43/8
Jan
Jan
73
24%
1
1
~4"/4
4 V4
19%
19 %
20
600
19
Jan
20V4
11V4
12 %
900
10
Jan
12%
30%
29%
30 %
1.000
3%
33/8
3%
7,300
3V4
Voting common
Railway St Utility Investment A
Rath Packing Co common
Raymond Concrete Pile common
$3 convertible preferred
Raytheon Manufacturing common
10
77 %
•
&
Corp
Co
common
10
*
•
50o
Sterling Engine Co
Stetson
(J B)
Stinnes
(Hugo)
Co
common
Stroock
(S)
& Co common
5 Va
31,900
Engineering
Dry Goods
Richfield Oil Corp warrants
3%
Jan
17%
Jan
Swan
5%
Jan
Corp
Rochester Gas & Elec 4$
Roeser St Pendleton Inc
pfd F
Texon
For footnotes see page 837.
common
Power & Light
Oil
&
Land
7%
pfd
Co
Inc
19
2
300
1%
Jan
2
Feb
Thew
30
225
28%
Jan
30
Feb
Tilo
35 %
35%
36%
300
35 %
Jan
38 %
55
Jan
55
Jan
Roofing Inc
Tishman Realty & Construction
Tivoli Brewing Co
llVs
11%
17,900
11
Jan
13%
Jan
Tobacco
19
500
__
23
23
23%
800
9
19%
19 %
19%
1,100
•
30%
30 Va
Jan
Shovel
30%
500
7
21%
Jan
23%
Jan
Amer
16
Jan
20
Jan
Amer
32%
28%
Jan
352
Va
16
36,400
%
Feb
6%
6 Va
6%
3,300
5%
Jan
&
Co
common.
Allied Stocks
Security Trust Co Ltd—
dep rets ord regis
dep rets def reg
%
6 3/4
Jan
Jan
Todd Shipyards Corp
Toledo Edison 6% preferred
preferred
Tonopah Mining of Nevada
Trans Lux Corp
7%
1
2%
£1
2%
19,200
1%
Jan
2%
Feb
106
100
•
2VB
28
Jan
10
Jan
12%
3%
Jan
4%
Feb
63/4
Jan
8%
Jan
2,100
600
3,300
8%
Jan
Jan
124
Feb
77%
77%
50
75%
Jan
77%
Feb
25 VB
500
22
Jan
25%
Feb
28%
29
800
27 V4
Jan
29
Jan
500
6%
Jan
7V4
6.200
3%
Jan
4 7
7 Va
%
5 Va
4
'
Feb
Jan
Jan
1
•
1
12
12%
1,800
11
Jan
15%
12 V4
I6V4
225
15
Jan
17%
Jan
2%
2%
31 >4
23b
16
16
16
29 %
31%
800
1%
Jan
8
13
Jan
15
Jan
16
Feb
1,250
25 V'4
Jan
31%
Feb
Jan
32%
Jan
200
30 %
32
1,050
37 V2
32
29%
38%
350
31V4
Jan
38 %
Feb
20%
1,350
18
Jan
20%
Jan
4 V8
1,800
Jan
43/8
Jan
1334
125
Feb
13%
Feb
19%
20
3%
3%
13
1
•
•
100
2
50c
814
8%
8%
34
33
34
18 3/4
17%
19'4
3%
13
9 34
10
14%
1
1
106%
70
105%
Jan
106%
Jan
Tri-Continental
28
28 %
200
25%
Jan
28%
Feb
Trunz
Tung-Sol Lamp. Works
80c convertible preferred
Jan
34
Feb
14%
Jan
19%
Feb
Jan
H934
Jan
3,800
13,000
36
36
50
20%
20%
21
1,200
15
15%
400
9
12%
Jan
10%
Jan
Jan
1438
Feb
Jan
36 Va
19%
Jan
22%
Jan
14
Jan
17 Va
Jan
33
6%
1
Jan
7
Jan
Jan
61
2%
•
•
100
100
1
1
Jan
63 %
Jan
Jan
12 >4
Jan
300
1%
Jan
2%
130
96%
Jan
90
Jan
103
Jan
Jan
107
Feb
Jan
112
Feb
9934
98 % 100
105% 107
50
105%
111%
111% 112
110
110%
Jan
1%
Jan
Jan
1%
1%
1%
1,800
1%
4%
4 %
4 %
1,400
3%
Jan
4%
8,700
2%
Jan
3%
Jan
275
30 %
Jan
32%
Feb
Jan
7%
Jan
Jan
11%
Feb
3
2%
32 y2
•
1
•
2%
59
11%
61
•
warrants
Inc
31%
14%
5
Jan
8%
400
13%
Jan
8%
300
3,700
117
10
Jan
—
Royce Ltd—
Am dep rets for ord reg
common
Inc
18
Rio Grande
Valley Gas Co—
(Texas Corp) vtc
5%
10
Finch Oil Corp
29%
1
Radiator
Inc
29%
•
Rice Stix
110
4%
7 V8
*
Corp
Ray Drug Co
Tobacco
Roller Bit Co
33/8
12%
8
29
5
1
*
Corp
Stop & Shop Inc
Textron
11%
3
Jan
140
Feb
2
Jan
2734
24%
1
1
1
1
•
Sterling Aluminum Products
Sterling Brewers Inc
19
1
—_
Feb
3 '/a
100
3 V4
30V2
Jan
4%
•
(A)
Technicolor
4%
Feb
Jan
3
1134
12
Steel Co of Canada
Texas
5 Va
4 Va
123
120
123
1
B
Tampa Electric Co common
k
Radio-Keith-Orpheum option warrants.
\W. Railway (fe Light Securities
Jan
17
Feb
R
Wi
-
Feb
3%
Feb
''
Rolls
Jan
8%
Jan
7%
83
(The)
Taggart
1
15%
Jan
3
16:)4
1
Co
class
Superior Portland Cement,
Superior Tcol & Die Co
Richmond
Jan
7 V»
4
7 "2
1
Starrett
Sun
St
13 Va
1,600
8 1
I6V4
•
Sterling Inc
•
Jan
16 3 4
•
B
Standard
Sunbeam
Electric
5 3%
Jan
1%
Public Service of Colorado—
7%
Jan
Jan
5
1
10
1
(Ky)
Power
Jan
43%
10,300
1%
16 7
__
Jan
146% 147 V;
Stein
•
Jan
7%
20
common
$1.60 convertible preferred
Jan
47
100
1A
Va
11 Va
39 Va
312
43
31 %
25
100
10
preierred
Standard
12 Va
Corp of Nevada
Prosperity Co class B
Co
Brewing
Standard
13%
•
Pressed
Reliance
Jan
•
•
Stahl-Meyer Inc
Feb
53
100
Premier
Reed
Jan
2.78
.
Standard Cap & Seal common
17
Feb
32 3/8
43
10
Royalty Co
61
10
common
Pratt St Lambert Co
;1-'
6%
290
Inc
Pipe Line
Standard
>'r.
Jan
17
Changed to
ouuveruoie
■vV
Jan
50
Pittsburgh Si Lake Erie
Pittsburgh Metallurgical common
Pleasant Valley Wine Co
r
14 V4
34
32 3
33
25
25
preferred series C
Southern
Carey
.1
Jan
3,000
15
10
original preferred
12%
600
110%
6 V4
6
6
12.50
South Penn Oil
10%
9
12%
Feb
Jan
Jan
100
4
Feb
157
3 Ve
14%
50 3
xi3 v»
Jan
100
•
3.90%
8%
64
110
£1
14%
55
Jan
5%
dep rets ord regis—-
1
112 Va
,700
310
1
49%
1,125
73
73t
305 ',4
Solar Manufacturing Co.
400
Jan
9%
Singer Manufacturing Co Ltd—
1
Jan
~3%
of
17
•
100
33/4
1
Metals
15%
Jan
Ltd
6%
"4
16
3%
8 3/e
Jan
24
22%
141
39
•
common
1,000
150
4
•
334
600
Jan
•
Solar Aircraft Co
20%
Power
Canada
Ltd
Jan
20%
Powdrell St Alexander
200
600
100
10%
700
300
157
155
157
Jan
534
4.600
x13',4
8%
21%
Polaris
4%
23
4
560
67%
—
108
25
common
4%
13
xl3 %
10 3b
20 Ve
Pneumatic Scale
700
3%
10%
•
L E RR
900
—
22 3
23
1
Feb
Smith
21
Pitts Bess &
1%
12 Va
—
4%
•
18 Va
5 34
21
Mines
Power
Jan
10,700
•
Am
&
15
Feb
49
49%
—
50c
common
Johnson Ltd
1%
11%
1%
20 3/4
Simmons-Boardman Publications—
Jan
Pierce
Gold
Water
Jan
Jan
•
Pinchln
4
—
._5
Jan
7
Philadelphia Co common
Phillips Packing Co
Pioneer
4%
1
Jan
28 %
8
20
Co
Governor
12%
1
11
51%
113%
Feb
23%
8 3/,
23
•
12%
Jan
67 %
Jan
4>A
123/4
Control
class B
50
Jan
113
J&11
21
Jan
Jan
Feb
5%
113%
100
Jan
3
Jan
Jan
47
"3%
•
•
com
Jan
334
Feb
Jan
26%
1
Pharis Tire & Rubber
19%
9,200
21
1%
36%
50
2.50
Pep Boys (The)
Pepperell Mfg Co
100
4
4Vb
Vb
-
4
934
Water & Power Co
Penn
3%
21
—
Jan
4%
10%
250
7
4%
Jan
Jan
26%
6 3/8
Feb
4V4
13%
Breweries
49 %
6%
13%
Jan
Jan
preferred
4%
49%
warrants
Penn Gas & Elec class A com
Penn Power
49%
Jan
Jan
Corp
26%
•
25
cum
37%
11V4
400
Jan
Amer
Peninsular Telephone common
Jan
1,600
3%
11
64
33
13%
11 Va
Sherwin-Williams
•
36%
12 34
4
1,500
Jan
1
Parkersburg Rig & Reel
Patchogue Plymouth Mills
35 %
13 %
2,100
XI14%
2,900
35 %
4%
Jan
18 Va
Jan
12%
113
17
6V4
1
common
Sheller Mfg Co
18 Vu
Feb
1
Corp
Shawinigan
390
5Va
900
12%
Inc
Radio
Feb
11,100
15,600
Feb
Feb
11%
534
5 Va
Feb
Jan
50
Jan
5%
89
105
11%
32 Va
Jan
Jan
45 %
Jan
88
Jan
46%
29%
200
Jan
1
200
89
35%
11%
Corp
Co
31%
31
certificates
39%
5
Motors
Pen
Feb
31%
88
Silex Co
Pantepec Oil of Venezuela Am shs
6 Vb
Feb
104 %
Jan
Jan
87
160
2
4%
Jan
300
25,600
2,100
82%
2,500
2%
6 %
150
Safety
Slck's
2%
5%
87
Sherwin-Williams
2%
Jan
6 Va
86 %
373/4
•
common
2 Va
Feb
12%
•
Airways warrants
Jan
•
common
41'/a
Feb
1%
1
Shattuck Denn Minlng.
13%
800
25
Serrick
100
2 Va
prior stock
Allotment
13 %
2
Feb
Feb
13%
2
Feb
3 V4
15%
•
Feb
19 V4
Semler (R B)
100
5%
Jan
Jan
20
Jan
Jan
143/8
113 %
3%
2%
300
113
3,800
15%
15 %
__
5%
200
15%
105
4 %
3,150
15%
373/8
Feb
5%
7,300
$5.50
40%
9Va
3%
Feb
104 %
Jan
19 V4
Jan
4
6 %
23%
12%
40 3
8,400
2%
13
Jan
9 Va
17%
Jan
11 Va
8Va
~3%
Jan
500
8%
19 %
10%
12%
Feb
10%
1
12%
12%
Feb
41V4
Jan
5
900
12%
12%
Jan
8%
stock
Convertible
12%
— -
Jan
33%
•
Hardware
&
8%
17,350
34,900
1
Bros Inc
Lock
12'/a
__
Co
42,700
10%
•
common
inc
12%
41 %
9 %
1
25
Brick Co
common
(D
10%
3534
10%
1
Savoy Oil Co
& Fisher
123/4
41 %
1
1
common
Jan
•
preferred
1st
4%
•
Samson
35
25
Service
4
Feb
8
5
pref
conv
Jan
8 38
1238
.—25
preferred
8
4%
5
$2
Regis
31
—
•
Lighting $5 preferred
Pacific Power & Light 7% pfd-
63
—•
50
Ltd
Corp
Lawrence
Class
St.
Sentry
Pacific
7 %
8
1
•
1
Seton Leather common
Pacific Gas St Elec 6%
5
1.25
common
Jan
42
P
common
Jan
23
Aeronautical Co
hyan oonsoliUated Petroleum
Ryerson & Haynes common
Sentinel
Co
5%
18%
112
—
—
7%
8
*
Omar Inc
1
O'okiep Copper Co Ltd Amer shares—
Overseas Securities
1
Can
Jan
23 %
Ltd
50
113% 113 %
—
Oliver United Filters B
Pacific
500
10
*
Co
425
36
33 V»
3534
1
Distillery
Poindexter
Old
Gas
Feb
5%
5%
Inc
rtussek3 Fifth Ave
Schulte
2%
50c
*
100
com___15
preferred
4%%
15%
5
1
Field
Scovlll
Power
Jan
15%
Paper common
Salt Dome Oil Co
O
Ohio
14
2
Ryan
Schiff
common
Ohio Brass Co class B common
Jan
1,300
Works
Electric Steel Co
Sayre
Corp
26%
15%
Metal
Jan
400
108 V» 108 V4
25
Ogden
Jan
15 Va
5
Royalite Oil Co
St.
class A
Northrop Aircraft Inc
Novadel-Agene Corp
25
common
Petroleum
Root
High
1,000
Jan
13
&u
Pfd.100
—20
Northern States Power
Roosevelt
Low
26
Corp
Art
Ronson
Range Since January 1
High
25 %
Jan
Pub Serv 5%
Northern Natural Gas
Northern Indiana
Low
Shares
26
Cable
Rome
of Prices
Jan
12 %
»
-*
Co
RR
Jan
5%
Airlines
Penn
North
3,000
Jan
1%
3734
^
—
Utility Securities
Central Texas Oil
Northeast
1,700
37%
39 %
American
North
0
176
174
175
,
class A
North American Rayon
13 '/2
19%
10 %
10%
common—l
Light St Power
Jan
Jan
Rotary
Electric
Noma
11 %
10%
1V
18%
19%
North Amer
9%
...
_
--
0
Mines
Jan
4,900
13 %
9 Ve
Sales
for Week
Range
Par
High
1,700
Week's
Last
Sale Price
Exchange
Curb
York
New
Range Since
Low
9%
*
Corp B
Nineteen Hundred
Nlpisslng
Friday
Shares
12%
13%
7
STOCKS—
High
9%
9 34
J
class B com
Niagara Share Corp
of Prices
Sale Price
Curb Exchange
Yoik
New
FEBRUARY
for Week
Range
Last
EXCHANGE
ENDING
Sales
Week's
Friday
STOCKS—
WEEK
FOR
Monday, February 10, 1947,
"6%
3
32%
6%
7%
1,500
5%
113/4
11%
400
10%
S=Ss^ssirs5Kr=ssa^^
.^«TU..(*V,
iVoIume 165
Number 4567
.
THE COMMERCIAL & FINANCIAL
CHRONICLE
4fciv3sSi
NEW YORK CURB
RANGE
FOR
WEEK
EXCHANGE
ENDING
FEBRUARY
7
U
Friday
BONDS
Friday
STOCKS—
New
York
Curb
Udylite Corp
Realization
13%
.10c
Corp
Unexcelled Chemicals Corp
Union Investment Co
Union Stock Yards of Omaha
United Aircraft Products com
United
Chemicals
United
4,000
11%
100
31%
Feb
3%
8%
Jan
11 >/4
Feb
200
60
—
.50c
6
60
9
10
6%
Corp
53
56%
participating
Molasses
Amer
40 %
—
4IV2
150
42 %
Jan
4OV4
Jan
15%
1,100
7
14%
Jan
26%
26
26%
17,000
24%
Jan
97
Jan
100
101
Jan
115
A 7s
115
240
~
—
290
Jan
coupon)
~3~
~2_%
"3"%
Jan
12
3 Ve
Power
120
10
Jan
67%
121/2
Feb
69%
2,350
67%
Feb
71
Jan
47
46
45%
5,100
46
141/4
—
14%
1%
290
45%
Feb
400
11%
Jan
14%
Jan
23%
Jan
23
22
23
4,200
17%
161%
17%
1,150
3%
3
31/4
151/a
Jan
2%
Jan
7,200
85%
85%
86'A
250
82
16%
18%
4,700
14%
3%
Jan
.50o
Oil
3%
..10
4
3%
3%
600
25i/2
27%
400
2%
..10
common
4
rr
.10
J"
27%
_5
4 %
Utah Power & Light common
21%
4%
108 %
37
37
6
33
38
41
2
34%
41
38%
37
38Va
32%
38%
38
38
1
37
40
37
38
.2
33
38
J-J
100%
J-J
84%
J-J
38
J-D
2022
M-S
1969
J-J
1970
J-J
100.14 101
12
64
.
78
87%
122
38
39%
4
1958
1963
110% 110%
a-o
M-S
Jan
24
Feb
Jan
27%
4%
Jan
4%
94
33%
39%
1
$102
Jan
22%
Jan
12
-.5
117
10%
12
8,200
9%
'
...1
115
5%
.200
180
6%
__
2%
600
13%
100
5%
2%
Jan
12
Feb
Jan
105
2,600
2%
13%
2%
»
—
118
5%
58
110%
105%
107
—
102%
103% m
J-J
100
M-N
100%
1961
M-N
—1948
Power Assn 5s
a-o
—.1954
N Y & Westchester
Ltg 4s
North Continental
Utility Corp—
A5%s series A (90%
Ohio Power
99%
~
$ 102 %
J-J
$9%
99%
100%
99%
100
100% m
100%
i
107%
107%
101%
102%
27
102%
104
\
102%
102%
t
—
106
9%
108
a-0
106
Pacific
Power & Light 5s
1955
Lexington 1st mtge 3s
—1964
Pennsylvania Water & Power 3%s.l964
F-a
120
Jan
Jan
6 >4
Jan
12
Feb
3V4 Jan
13% Feb
Jan '
1
4
$78
j-d
106
106%
103%
104%
"2
107%
108
1
105%
105%
107
107%
87%
107 % 107 %
9%
109
11
103% 104%
j-j
108
77
77
1970
Corp
(Can)
perpetual certificates
J-D
1949
—.
M-S
1964
Sinking fund deb 4s
Public Service of New Jersey—
J-J
1959
4%s B
Public Service Co of Colorado—
1st mtge 3%s—
6%
104
103%
32
10 %
108
1971
1st mtge 3s
103%
90
..
a-0
J-D
107% 107%
$103
104
103%
104
M-N
$162% 165
159
166%
.
„
.
$107% 109
105% 105 %
Queens Borough Gas & Electric—
W
Waco Aircraft
Co
•
3%
Wagner Baking voting trust ctfs ext..*
7% preferred
100
Waitt & Bond Inc
$2 cum pfd
Waltham
Ward
Watch
Corp
Stationery
•
com
20
10
1
Whitman (Wm) & Co
Wichita River Oil Corp
Williams (R C) & Co
5%
preferred
Winnipeg Elec
•
Inc
•
100
10
Inc
2
Petroleum
Woolworth (F W) Ltd—
1
American
deposit receipts
preference
Wright Hargreaves Ltd
5s
6%
Jan
26
10%
Feb
Jan
7%
2%
800
2
Jan
2%
Feb
•
81/4
10
8%
1,000
8%
Jan
8%
Jan
111 1/8 111%
10
111%
Jan
111%
Jan
2,100
8%
Jan
10%
Feb
9%
117
10%
117
117
Feb
31%
50
30
Jan
31%
32
75
31%
Jan
33%
Jan
18
_
32
10
31%
32
___
Jan
18
Jan
__
16%
16 %
250
17 1/2
19%
1,300
19
15%
Jan
17%
27
Jan
Jan
19%
1970
2024
250
18%
Feb
20%
Jan
18%
200
13%
Feb
19%
Jan
8%
15 7
8
8
600
7
Jan
20
100
20
Jan
I31/2
15%
12%
1,700
7
1512
10%
—
6%
7
14'/2
400
15%
2,300
13
Jan
15%
Feb
107%
M 5s
series
B
7
Feb
15%
Feb
10
10%
800
10
Feb
10%
Jan
13%
13%
200
14
Jan
14%
310
J- J
"3
"3%
6,500
—
__
~3%
Jan
or
Friday's
Bid & Asked
High
$101'/8
Bonds
Low
5
118%
102 %
J- J
103
106% 106%
1
106%
106
1
106
106%
114
114 %
165
165
110
110%
J-D
M-N
106
Q-F
lAChicago Rys 5s ctfs (part paid).1927
106
__
$114
119%
$166
__
170
Jan 1968
1950
M-S
F-A
M-S
J-D
—
105 >/4 105%
1
105
106
80 %
80%
80%
3
82
76
85
81%
82%
60
77
85%
64%
67
57%
67
66%
104 %
104% 104%
102%
1958
102% 102%
A-O
Debenture 5s
104%
104
1969
M-Q
105%
Gen
1969
J-D
1976
J "J
1981
ref 2%s series R
Gas
__
$112
Debenture 5s
1st
A-O
1954
a-o
104%
105% 105%
$108%
—
—
104% 105%
*+ rH
H
189
11
104
104%
44
102%
103%
104%
105%
105 %
104
48
107%
__
$104% 105
(Bait City)—
mtge 4 ¥28
1
__
52
1
—
10278
A
mtge 4s ser A
1st mtge 4s ser B
Eastern
Elmira
&
Water
Finland
5s
Gas
Fuel
Lt
&
1993
RR
Residential
A General
104%
106
104%
105%
119%
119%
West
ser
6s
series
A.
4s
3%s
ser
A.
B
—1948
3%s
16
60%
68%
33%
36%
26
27%
.1948
—
J-D
J-J
1963
$—
1958
.Jan 1949
.Jan 1949
J-J
$81
62-
J-D
105
130
2
43%
3
1949
Electric
J-D
——1959
United
a-0
72
$104% 105 %
108
101
103
89%
97%
39
41%
36
43%
104%
104%
106% 106 %
106
106%
103% 103%
103%
103%
104% 104%
104%
Light & Power Co—
1st lien
United
N
& cons
J
4s
5%s
Utah
103%
Light & Railways (Maine) —
Power
1952
&
A-0
Light Co—
Debenture 6s series A
—2022
M-N
111
111
'
111
104%
".111%
Waldorf-Astoria Hotel—
A 5s
Wash
West
West
Income
Water
6s
debs
—1954
MS
68
69%
109% 110
3%s
Electric
Penn
Traction
1964
J-D
5s
Power
Penn
2030
A-O
1900
J-D
$116
1959
F-a
12
$106% 108
5s
Newspaper Union—
s f debentures
conv
65
71%
109%
110
105 %
6
106
115%
117
101%
102% 102%
102%
Foreign Governmenis & Municipalities
Friday
Interest
York
6
104
83%
—
62
2
10
$65
a-o
$107%
A-O
$103%
Week's Range
or Friday's
Bonds
Sale Price
Bid & Asked
Sold
Exchange
Curb
Low
High
Agricultural Mortgage Bank (Col)—
A 20-year 7s
April J946
A 20-year 7s
Jan
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
J-J
J-D
22%
22%
Danish
M-N
,nco
F-A
195«»
Extended
Danzig Port & Waterways—
A External 6%s stamped
ALima City
(Peru)
78
$76%
—
78
__
1
Range Since
January 1
Low
77
High
78
76%
76%
5
22
22%
1
—
93%
92%
93%
92
10
89
92
27%
M-S
93%
91%
—
J-J
--1952
6%s stamped 1958
Maranhao stamped (Plan
Interest
A-0
No.
29
15
27%
29
$13
16
A)
Mortgage Bank of Bogota—
A7s (issue of May 1927)
(issue of Oct. 1927)
A Mortgage
Bank of Chile 6s_
Mortgage Bank of Denmark 5s
Parana stamped (Plan A)
Interest reduced to 2%s
2008
M-N
1951
reduced to 2%s
AMedellin 7s stamped
J-D
$31
1947
1947
1931
1972
M-N
$52
A-0
$52
J-D
$21%
96%
2008
M-S
J-D
2012
$31
31%
J-J
1919
J-D
1921
ARussian Government 6%s
$31
J-J
32
30%
52
31%
52
53
53
95%
98%
31
31%
—
97
22
35
31%
2
5
5%
5%
31
4%
6
5
5%
21
4%
6
105%
76
—
62
82
62
104%
105
106%
__
66%
Last
Period
BONDS
New
—
104% 105
$106%
—
41%
43%
J-J
36%
105% 105%
~
97%
41%
a-o
1968
United
•No
M-S
1950
Power
Guantanamo & Western 6s
Hygrade Food 6s
68%
—
1961
Mountain
—
67
Mtge Bank—
Rayon Co 6s
Grand Trunk
Green
M-S
68
J-J
1956
5s
May
1965
stamped
Toledo Edison
Rio de Janeiro stamped (plan A)
Interest reduced to 2%
M-N
1993
3%s_
(Hugo) Industries—
A7-4s 2nd stamped
A 7s
108%
Delaware Lack & Western RR—
Lackawanna of N J Division—
1st
J-j
A7-4s 3d stamped
4
89%
108%
1954
Consolidated
1946
108
108
102% 102%
Stinnes
105%
—
J-J
Q
97%
103
5
1948
ser
A-O.
119%
57
__
234s
1950
Corp inc 5s
(Hugo) Corp—
Stinnes
$—
107%
107%
102
118 34 118%
lACentral States Electric 5s
mtge
AStarrett
& Elec 3%s
99%
106%
106%
110%
104% 105%
Q-J
ref
102%
High
102
109%
$110% in
102% 102%
J-D
1st
M-N
32
(Calif)—
mtge 3s
January 1
No.
—
—
1970
Consol Gas El Lt & Pwr (Bait)—
1st ref mtge 3s ser P
1989
99%
106% 107%
Range Since
Sold
118%
1962
Conv deb 5s
Spalding (A G) 5s
} 99 7/g
106%
Feb
102%
i960
Cities Service 5s
$104
F-A
1st
Southwestern Gas
Western
J- J
1998
%s
J-J
1970
106
120%
Week's Range
Last
Sale Price
J-D
Blckford's Inc 6%s
Boston Edison 2%s
A5
1971
Southern Counties Gas
Jan
J-J
1957
Bethlehem Steel 6s
$106% 107%
Jan
Jan
Jan
6%
Telephone of Canada—
1st
A-0
Jan
Jan
107
__
21
M-N
1964
5s series C
M-S
Jan
7%
1955
Electric-3 Vis
A-0
1970
Gas
6s series A
1953
5%s A
1951
Feb
19
105%
120%
125
1965
Jan
Jan
13 %
20
Period
1901
Feb
18
Friday
Amer Writing Paper 6s
Appalachian Elec Power 3V4S
Appalachian Power deb 6s
Associated Electric 4%s
105% 105%
$120
3S
Jan
18%
Low
Bell
117
23%
__
Interest
Exchange
M-S
Jan
2'%
A-0
1952
3 Vis
Feb
Jan
6 %
£1
BONDS
Atlantic City
Feb
8%
25
Woodley
Assoc T & T deb
California
2,200
1
ww
Curb
21
California Edison
3,150
1
common
New York
~5~%
Jan
Southern
7%
10
common
Industries
950
1952
Jan
10%
j
_
Wisconsin P & L 4%% pfd
Wolverine Portland Cement
Woodall
"3%
13%
9%
__
5
Weyenberg Shoe Mfg
Products
26
A
Southern
12% Jan
8,100
series
Jan
4
7 Ve
8%
•
1st pfd__100
Westmoreland Coal
Westmoreland Inc
Brothers
25
500
Jan
21/8
1.25
Utilities $6 preferred
West Virginia Coal & Coke
Western Tablet &
"5%
3%
10%
1
Western Maryland Ry 7%
13
"4%
400
7%
West Texas
Willson
26
1
warrants
Aircraft
3%
I2V2
5%
30
Wentworth Manufacturing
Wilson
13
1
Co
Baking Co
Warner
5%s
San Joaquin Lt & Pwr 6s B
Scullin Steel inc mtge 3s
__
__
..
—
par
value,
Ex-stock dividend,
a
n
Deferred
^Friday's bid and asked prices; no
ABonds being
e Odd-lot sale, f Ex-dlstrlbution.
xEx-divldgad. y Ex-rights.
sales being transacted during eurrwu
delivery
Under-the-rule sale.
sale,
d Ex-interest,
rCash sale,
traded flat.
106%
—
—
g
107%
—
—
1G7%
Abbreviations"Bed^above—"cod,"
certificates of deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "m," mortgage; "n-v,"
"wt" when Issued:
non-voting stock; "v t c," voting trust certificates;
"ww," with warrants; "xw," without warrants.
v$|
4
._
1968
58
104%
10
101% 101%
102% 103%
"
103
31
99%
100% 100%
102%
55%
4
99% 100
$107%
J-J
redeemed).1948
1st mtge 3 Vis
99%
J-D
2004
9
103% 103%
J-D
1950
5%s
58
103% 103%
—
M-S
England Power 3%s
103%
57
1947
3%S
—1
—
i
.t;
110
17
105% 106
Jan
21%
1948
5s
Debenture
Feb
2,800
deb
New England
Feb
23
Jan
New
Feb
3%
Jan
Conv
Feb
4
to
Light 4%s
102%
78
$111% 114
—
f-a
1967
38
100 %
$105
1948
Power
Vogt Manufacturings
107%
38
J-J
Park
common
104%
41
1968
5s
Jan
18 V2
2,200
22
21J/2
23
87%
Gas
High
104
36%
1963
New Amsterdam Gas 5s
New Eng Gas & El Assn 5s
Feb
3'A
Jan
200
17%
Jan
18%
1
4
$4 convertible preferred
Venezuelan Petroleum
Venezuela Syndicate Inc
Low
102% 103%
41
1952
Extended at 4%
Milwaukee
Feb
20%
1
5
Reclaiming
Valspar Corp
42
January 1
Jan
U S Foil Co class B
U S Graphite common
U S and International Securities..
$5 1st preferred with warrants
U S Radiator common
Insurance
20
5
Range Since
38
1957
Superpower 6s
16
$36
1952
5s
No.
107% 108'A
107%
F-A
1952
McCord Corp deb 4%s
Midland Valley RR—
Feb
12%
68 V*
—1
United Stores common
M-N
1957
Kansas Electric Power 3%s
Kansas Gas Electric 6s
Jan
291
12%
-25
Universal Consolidated
1941
F
Sold
102%
104 % 104%
1955
Debenture 6s
Jan
-10
Universal Products Co
Utah-Idaho Sugar
coup)
Bonds
High.
102 %
J-D
1957
(Aug
A Italian
Jan
.25c
common- ..25
common
Friday's
—
.100
Sharing
Specialties
1941
1970
Kansas Power & Light 3%s
Kentucky Utilities 4s
—
or
Bid & Asked
F-A
1955
(July 1941 coupon)
Interstate
Feb
115
17%
2714
Sale Price
J-J
1963
E
series
A7s
Jan
—
Preferred
Universal
Jan
Jan
Co Ltd—
10% preferred
Shoo Machinery
U S Rubber
if
60
1950
5s
(Dec 1
series
A7s
Jan
U Jan
A 7s
Jan
2814
15%
preferred
United
United
7%
Jan
15%
dep rets ord regis—
Profit
Feb
IlO
United NJ RR & Canal—
United
Jan
5%
18,400
United Milk Products
United
Jan
9,900
5s
ref
&
A6%s
Jan
6%
28%
5%
in
1 <i
United Gas Corp common
United Light & Railways
$3
934
Jan
common
„
Elastic
Jan
6%
.100
Service
lien
1st
Feb
6,000
9%
Last
Period
Indianapolis P At L 3%s
International Power Sec—
A6%s series C
Feb
3%
9%
Corp warrants
United
14
11 »/4
10
Indiana
High
Jan
Week's Range
Interest
Exchange
Low
Range Since January 1
Low
14
3%
11%
--
Shares
High
12%
__
.„5
Union Gas of Canada
New York Curb
for Week
of Prices
Low
...1
Sales
Range
Sale Price
Exchange
Par
Ulen
Week's
Last
& 8371
4
;
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, February 10, 1947
OTHER STOCK EXCHANGES
RANGE
WEEK
FOR
FEBRUARY
ENDING
7
Friday
Friday
Range
of Prices
Shares
Low
Par
Transit Co common
Bali
—.—-•
•
Corporation
Arundel
Preferred
vtc
100
20
__
25c
100
10
50
American Oil Co
pfd
Commercial common
Potomac Edison 3.60
D S Fidelity
315
—100
2
prior preferred—
New Amsterdam Casualty
6.75%
Seaboard
315
20
10
Mills com
Mt Vernon-Woodbury
North
12%
158
40
1
1
com vtc
Fidelity & Deposit Co
Fidelity & Guarantee Fire Corp
Finance Co of Amer class A
& Guar
270
25%
7
7%
38 Va 38%
62
62
12% 12%
156% 158
40
40
100
vtc
Brager Eisenberg Inc
Eastern Sugars Assoc
Low
__
--
Jan
7
25%
Feb
Feb
23%
1,365
9%
Jan
110
38
Jan
44%
Jan
15
61
Jan
63
Jan
50
11%
Jan
12%
Feb
22
154
Jan
82
40
Jan
27
315
315
Jan
160
Jan
11
37
Jan
38%
Jan
54
101
Feb
103%
Jan
85c
85c
101% 101%
13
13
45
45%
300
38
27
—
—
—
__
72
20
27
Feb
29
Jan
85c
Feb
85c
Feb
Jan
101
Feb
101%
6
13
Feb
13
Feb
535
44
Jan
46%
Jan
Bonds—
1975
1975
Transit Co 4s
Baltimore
5s series A
90
$14,000
87
98
89
98
__
—
1,000
96
Jan
90
Feb
Jan
98
Feb
,
Castle
&
lien
Week's
Friday
for Week
Shares
Par
Chemical Co——~—•
American Sugar Refining common—100
American
Tei & Tel
lOo
American Woolen
•
Anaconda Copper
50
Low
Bigelow-Sanford Carpet 6%
•
100
——25
—100
Edison
Boston
Elevated Ry
Boston
—
Boston
Herald Traveler Corp———.*
Boston
&
100
100
100
100
prior preferred
class A 1st pfd stamped
class B 1st pfd stamped
class D 1st pfd stamped
Personal Prop Trust
10 %
5
Shares Trust
Century
1
Service
(Title*
High
25
40%
Jan
44%
Jan
169%
Jan
174%
Feb
1,279
27%
Jan
41%
Feb
497
37%
Jan
41
Jan
40%
140
18%
5
18%
137%
Jan
100
16%
Jan
266
133% 135
131%
Jan
Jan
140
19%
Jan
135
Jan
47%
45%
47%
2,320
45%
Feb
50%
Feb
65%
64
67%
730
64
Jan
69%
oommon^ealtej Edison
Co
Consumers
36
36
36%
285
35
Jan
OO C-
Jan
prior preferred
preferred
39%
37
39%
365
7
7
7%
385
9
9
11%
9
50
11%
15
15%
170
28
7%
11%
15%
29 %
50
7%
150
7%
30.93
30.93
30.93
35%
6
Jan
39%
Feb
Jan
7%
Feb
7
Jan
8
Jan
11%
100
2174
Jan
23%
1
18%
18%
18 34
500
17%
Jan
20
100
38
Jan
42
42
„
42
9
21 %
100
2%
Jan
2%
Jan
15%
1,350
14%
Jan
15%
Jan
9%
9,500
7 3A
Jan
9%
Jan
116%
Jan
119%
Jan
192
Jan
222%
Jan
9
rl20%rl20%
10
r222 % r222 %
410
*
8%
8%
Jan
8%
Jan
22%
22%
100
20
Jan
24%
Jan
8%
9%
1,300
8
Jan
9%
Feb
50
63
Jan
64%
Jan
1,600
7
Jan
8%
8
7 3/4
7%
90
64
8%
•
____5
10
31
293/4
31%
5
24
23
24
550
28
32
31%
0
39
76
98%
76
18
Jan
Jan
29%
Feb
28
7%
Jan
76
Feb
Feb
100
70%
100
91
300
233/8
Jan
31%
Feb
23
Feb
24
Jan
98%
Jan
Jan
98%
Feb
Jan
2,800
30%
Jan
39
40
36
Feb
39
Feb
25
25
20
25
Jan
25
Jan
2%
7
7
20
Jan
7
Feb
10
13%
1
(The)
of America
32
36
*
sh vtc A
Lighting Inc common
Mills
64
•
part sh B
Corp
Jan
21%
•
common
part
com
Feb
Jan
15%
4%
13%
4
86
133/4
19%
17
19%
15
19 %
19 %
19%
14%
13%
15
11
10%
11%
5
10
General
_5
Jan
Feb
86
140
90
Jan
3Vs
1.350
*
0
Inc
11%
350
41/4
6%
33%
13*4
Feb
4%
Jan
99
19%
Jan
Feb
2,450
16%
Jan
50
19%
Jan
20
1,700
133/4
Feb
16
Candy
class A
General Finance Corp common
Preferred
10
General
10
18 34l
9%
Jan
11%
Feb
Jan
19 %
Jan
9%
Jan
9
Feb
900
Motors
Corp common
Refrigerator Co
Gillette
Safety Razor
Goldblatt
Gossard
(H
59%
9.
Jan
Jan
Heileman Brewing
Feb
50
29%
Jan
31%
Jan
15%
300
13%
Jan
30%
31
•
15%
15
•
'
Corp
Hupp
21
300
18
Jan
21
Feb
19
19 %
200
18
Jan
20
Jan
10
10%
450
9%
Jan
10%
Feb
21%
213/4
150
20 %
Jan
21%
Jan
29
28
29
350
27%
Jan
29%
Jan
64
66%
1
25
-
40
1
common
9
Feb
7%
Jan
55
30.61
Jan
30.03
31%
329
23%
Jan
31%
Feb
10%
10%
100
10
Jan
10%
Jan
Feb
Brick
Illinois
Co
Indiana
6%
140
64
Feb
69%
10
40'
40
Feb
40
6%
1,300
7%
Jan
Jan
Feb
7%
Feb
Jan
16
Jan
17%
27
29%
700
24%
Jan
29 %
23%
25
850
22
Jan
25
Feb
l
17
17%
450
16
Jan
18
Jan
8 3/4
16%
10
100
(new)
Steel Prod
—
•
capital
Illinois Central RR common
Indep Pneum Tool
Feb
20
1
Hibb Spencer Bartlett common
Hormel & Co (Geo A) common
15 %
19
*
3
Feb
9
31
Co G capital
64%
Jan
•
Motor Parts
Werner
Jan
7%
common—
common
Jan
52
3,000
9
Dk
&
Jan
8%
100
1,400
1
8
8%
250
9%
9
64%
common
W)
Dr
64%
18 3/4
common
Inc
Go
9
9
common
Bros
Lakes
Great
9%
1
18
160
Feb
Jan
14%
30%
10%
93
95
125
93
Feb
97
Jan
64%
100
100
4%%
Mass Street
23%
„
Hammond Instrument Co common
Eastern Gas & Fuel Associates—
Eastern
23%
Four-Wheel Drive Auto
common
29%
17
250
16%
Feb
240
7%
Jan
8 34
•
21%
22
140
20%
Jan
24%
Jan
*
15
15
50
14 %
Jan
15
Jan
1
14%
14 %
143A
2.800
13 %
Jan
14%
•Jan
Kellogg Switchboard common
*
9 3/4
9 %
93/4
450
8%
Jan
9%
Feb
674
7%
500
63/4
Jan
7%
Jan
Warrants
Interstate
Jim
6cin
Feb
23%
Katz Drug Co common
•
Copper Range Co
.
21
Jan
10
1
.
Jan
5
1
Chicago Towel Co 00m capital
Chrysler Corp common
Cities Service Co common
Coleman (The) Co Inc
Gibson
140
19%
Jan
41%
2,946
41%
39%
100
Hecla
&
Jan
43%
34%
•
Boston & Providence RR
Calumet
38%
300
Chicago & Southern Air Lines
Hein
5%
8%
108
RR—
Maine
7 ft
Boston
43%
41%
—
RR
Albany
&
40%
21
preferred
& Lt
Cherry Burrell Corp common
Chicago Corp common
Convertible preferred
Flour
171% 174%
172%
pfd—100
Inc
& Son
Bird
Boston
Low
High
40%
American Agri
Feb
20
•
Elgin Nat Watch Co new com—
Range Since January 1
Jan
14
*
Electric Household Util Corp
Range
of Prices
45
Jan
preferred
Eddy Paper
Sales
Last
Sale Price
Jan
10%
*
50c
Dodge Mfg Corp common new
Domestic Credit Corp class A
Exchange
45
1,500
Preferred
Central States Pr
High
50
14
10
common
Central S W Util common
Curtis
stocks—
,,
Convertible preferred
Prior
Low
45
12
Central Illinois Secur Corp common___i
Common
Boston Stock
common.
(AM)
Co
Range Since January 1
High
45
Carr-Consolidated Biscuit common
Jan
315
Brothers
Butler
Low
1
12%
10
common
Burton-Dixie Corp
Jan
40%
102 %
27
38
101
27
__
Shares
5
common
Ring
Piston
Burd
High
L)
(E
Co
Bruce
Range Since January 1
High
24%
25
7%
for Week
of Prices
Par
for Week
Sale Price
STOCKS^—
Sales
Range
Sale Price
STOCKS—
Sales
Week's
Last
Week's
Last
Baltimore Stock Exchange
64%
160
64
Jan
67
$6
preferred
cl A pfd
Stores Inc
Brown
8%
Jan
Salle
La
Ry—
100
7
100
100
100
Common
8%
Power
120
7
15
4%
Jan
97
80
95%
Feb
9
Jan
Univ
Ext
5
common
Leath & Co common
2634
10%
23
Jan
29
Feb
10
45
10
550
29
45
*
preferred
Cumulative
Feb
preferred B
preferred adjustment
6%
5%
SS Lines Inc
Eastern
Engineers
42
•
Corp
21%
Capital
General
Electric
46
25
115%
Jan
205
35%
Jan
99%
Jan
43
Jan
47
Jan
Jan
124%
47
Jan
37
34%
•
33%
32%
33%
1
Jt
26
25
26
23%
22V4
233/8
3,200
13
11%
13%
12,200
9%
Jan
13%
Feb
16%
15%
16%
1,000
15%
Jan
16%
Jan
19 %
19%
300
16%
Jan
19%
Feb
Jan
838
Feb
Jan
63%
Feb
1,118
20%
Jan
22
30%
Jan
323/4
Jan
Marshall Field & Co common
57%
420
53%
Jan
59%
Jan
Mickelberry's Food Prod
43.95
43.95
25
43.95
Feb
43.95
Feb
Middle West Corp
capital——
Miller &
common
39
38%
40
2,305
35%
Jan
40
Feb
30%
30%
31
804
29%
Jan
32
Jan
$1
Hart
Inc
vtc
prior preferred
Mfg common (new)
10
*
Modine
Hathaway Baking common
1
Kennecott
10
•
Copper
.100
Maine Central RR common
5%
100
preferred
Mass Util Associates
Mathieson
v
t c
9%
7
32%
31%
Jan
Feb
National
9
45
Jan
1,360
6
Jan
7%
32%
250
30
Jan
32%
Feb
10 Va
51%
1
2%
2%
100
l3/4
Jan
31%
31%
85
30%
Jan
2%
323/4
Feb
*
Alkali Works
59
60%
190
51
Jan
60 %
Feb
15
60
1
20
19%
5
19%
18%
19%
1
Mergenthaler Linotype
55c
55c
67c
Co common
Monroe
41
Montgomery Ward & Co
518
420
Jan
Chemical
Jan
10
49%
7%
48%
~7
Rac'g
Assn Inc
Nash-Kelvinator
National Service Cos
—
Jan
21
505
351
1,800
17%
Jan
21
North
Standard
American
Northern RR
100
2.50
(N H)
104
101% 104%
118%
117
1%
Northwest
Bancorp
Northwest
335
118%
1%
100
120
Colony
3
RR
20
common
7%
common
Jan
19%
Feb
Jan
67c
Feb
430
1%
4,760
120
100
Oak
(The)
Coal Co
preferred
6%
com
class B
5
1%
100
Jan
104%
Feb
Jan
98%
117
121
Jan
Penn Electric Switch class A
Pennsylvania
ou
1%
RR
120
Feb
123
Jan
Perfect
Circle
Steel
capital
(The) Co
Car
1
2%
Feb
28%
Jan
33%
Feb
25%
26%
2,390
24%
Jan
263/4
Feb
Sangamo
4%
80
3%
Jan
4%
Feb
Schwitzer
Jan
Sears Roebuck & Co capital
15
16%
1%
100
1%
Jan
15
14
9%
10%
Feb
23%
150
20%
Jan
23 %
Jan
37
450
26%
Jan
37
Feb
1,300
29%
Jan
33%
8%
400
42%
150
26
27 »/2
450
24%
180
13%
Jan
4
1%
15
Jan
30
Jan
Jan
23%
Jan
7%
200
63%
8
56
39%
172% 176
21%
148'
Feb
28
Jan
Jan
8%
101
8 3/4
101
10
150
Jan
Jan
10
Feb
Jan
45
7%
1,850
101 %
Feb
23
37
50
8%
176
Jan
7%
5,750
45
Jan
20%
50
21%
Rath
Packing
Elec Co
•
common
Cummings capital
1
—*
9%
110
Feb
Jan
Jan
24
2634
24%
250
22
Jan
24%
Feb
26%
26%
600
25
Jan
26%
Feb
40 %
Jan
54%
Feb
52
54%
20
15%
15%
200
15
Jan
15%
Feb
29%
—
10
common
Jan
Jan
100
30
150
28%
Jan
30
Jan
29
200
Jan
Feb
42%
25
Feb
24
400
Jan
Jan
26
100
243/4
Feb
243/4
20
300
62%
45
~8%
*
common
754
1%
—
10
Jan
Jan
155
4
174
25
(new)
com
33%
4
Webdfcfer Inc
1
Manufacturing common
Parker Pen Co
31%
—
Shawmut Assn
&
3
,—2%
26%
Pennsylvania RR
Qulncy Mining Co
Folding Machine
Reece
Stone
2%
8
27%
—
preferred
33%
Pacific Mills common
Jan
Util—
Pressed
Old
9%
42
83/s
10
common
Car
Peabody
*
1,600
Feb
14%
40c
New
England Gas & Elec Assn—
5% %
preferred
New England Tei & Tel
North Butte Mining
_
63%
Nunn Bush Shoe common
Narragonsett
10%
Jan
290
54%
57%
21%
32
»
—
23 3%
*
21%
•
Gillette Safety Razor Co
*
7
1
,
31%
1
General
120%
42
—1
Stores
National
Pinu
•
common—.
Service
Public
95%
Libby McNeil & Libby common
Lincoln Printing Co common
Lindsay Lt & Chem common
1st pfd series A
6%
29
27%
17%
Jan
25
29
Feb
50
17%
15%
Jan
17%
Feb
Jan
38%
Jan
38%
36%
2,100
35%
1
12
ll%
12
850
8%
Jan
12%
Jan
•
Serrick Corp class B common
Shellmar Prod Corp common
38 3/8
28%
27%
28%
600
26%
Jan
28%
Jan
Twist
United
Fruit
Co
United-Rexall
Shoe
United
5
—
Drug Inc
Machinery
.*
43%
25
14%
Jan
17%
Feb
100
15
Jan
16
Jan
•
113/8
11%
150
Jan
12%
37%
35
35%
37%
•
16%
15%
16%
1,000
153/a
Jan
16%
Feb
Sinclair Oil Corp
Jan
Jan
45%
285
433/4
1
8%
7%
8%
400
7%
Jan
8%
Jan
Society Brand Clothes common
Feb
30
Jan
34%
Feb
Feb
46
50
47
51%
3,561
443/4
Jan
51%
Jan
South Bend Lathe
11%
11%
70
10%
Jan
Jan
Spiegel
67%
11%
67
2.50
common
439
43%
•
Drill
17%
15%
37%
—
Torrington Co
Union
16
15%
Signode Steel Strap Co com (new)
Stop & f hop Inc
Inc
Works cap (new)—5
2
common
1,840
67
Jan
71
Jan
St Louis Nat Stockyards
10
54%
55%
110
48%
Jan
55%
Feb
Standard
50
47%
47%
130
43% Jan
49%
Jan
17%
17%
173/a
80
16%
Jan
17%
Jan
Standard
64
64%
50
61%
Jan
64%
Jan
28
26%
28
765
23%
Jan
28
Feb
(S D) Co
Westtnghouse
•
Electric
Corp.
.12%
Dredging
Forgings common
Storkline
Friday
Last
Range
Shares
Par
Admiral Corp common
Advanced Alum Castings
Ball
Aetna
Bearing
Allied Laboratories
&
Co
common
common—
Asbestos Mfg Co common
Athey Products capitalAutomatic Washer
5
common—T
Mfg
Co
common
Berghoff Brewing Corp^..
Blnks
Mfg
Co
capital
Borg
(George W> Corp
Brach & Sons (E J) capital
For footnotes
see
page 846.
6
18%
.100
High
10
10%
5%
10
6
10%
18%
rl28
-100
19
1*128
172% 174%
Low
High
600
9%
Jan
10%
Feb
200
5%
Jan
6%
Jan
450
9%
Jan
10%
600
50
500
18%
Feb
Jan
19%
Jan
119
Jan
128%
Jan
170%
Jan
174%
Feb
—5
14%
13%
14%
3,300
13
Jan
—1
14%
Jan
3%
3%
3%
1,300
3
Jan
3%
Feb
—4
12
11%
12
Trane Co
Stores
Woodall
Yates-Amer
800
11
Jan
4%
350
4
Jan
4%
Feb
6%
7%
2,000
6%
Jan
7%
Feb
20
20%
350
19%
Jan
20%
Jan
American
13%
Jan
14%
Feb
Anaconda
14
Jan
17%
Feb
Atcb
.-1
14%
14%
14%
800
-1
17
15%
17%
1,350
20
4%
Xl3
J&n
Jan
Feb
400
40%
Jan
41%
Jap
19
500
H CO
^00
Jan
19
Feb
X22
18 3/4
Feb
100
19%
Jan
313/4
300
29%
Jan
32%
Jan
20
Jan
22
Jan
20% X22
21%
203/4
21%
35%
35%
35%
400
35
Jan
37%
Jan
24%
24%
300
22%
Jan
26%
Jan
1 Va
1%
8,900
%
Jan
1%
2
12%
com
•
common
common—
29%
Jan
20
51
Jan
54
Feb
893/4
Jan
963/4
69%
Jan
78 %
96%
100
78 Va
800
26%
27%
1,300
22%
223/4
400
13
22%
54
13%
Jan
24
22% Jan
27%
Feb
Feb
Feb
23%
Jan
Jan
-
~15%
14%
5
12%
11%
17
16 Va
17
.10
cap_
Jan
76V4
*
36%
353/4
36 34
BO
41%
40%
19%
19%
2
24
28
96%
273/s
Jan
650
27
54
28
•
...
15%
150
12 3/4
Jan
13%
700
12%
Jan
15%
10%
Jan
12%
Feb
Feb
12%
2,850
5%
5,200
3%
Jan
1,000
14%
Jan
17
300
33%
Jan
37
Jan
413/s
800
37 %
Jan
41%
Feb
203/8
700
18% Jan
20%
Jan
Jan
Unlisted Stocks—
Alleghany Corp
5%
American Radiator & St Baa corn-
-10
Jan
25
common
Mach
Jan
24%
Mfg
Bankshares
Indust
4%
.
Inc
3%
41%
41%
19
30%
Jan
19
common—5
common
common.
Wisconsin
100
10
41%
—
&
200
350
Ltd—
deposit
Westinehousb Elec
4%
12
of
4%
300
stock
capital
(The)
Wieboldt
Feb
123/8 xl3
208 South La Salle Street Corp com—*
Carbide & Carbon capital-.
•
Stee'
Feb
36
13
Union
D s
17/4
Jan
19%
i
w
7%
—3
Aviation Corp (Delaware).
Belden
10%
10%
common
American Public Service pfd
American Tel & Tel Co capital-.
Armour
—1
Low
Co
Rights
Jan
31%
36
*
Machine Tool
&
International Co
Certificates
Range Since January 1
13%
320
4%
10
common
Swift
for Week
of Prices
250
3,700
19%
.—10
5
Jan
34%
34»/4
1
common
Swift
Sales
Sale Price
STOCKS—
Corp
Sundstrand
Exchange
Week's
Furniture
Sunbeam
Stock
cap
pfd
Common
11
17%
•
20
Standard Oil (Ind) capital
Stewart-Warner Corp common
Warren
.15%
1
68%
U S Rubber
U S Smelting Ref & Min com
Waldorf System Inc
•
34
17%
1
Rolling
Copper
Mill
Mining
Top & Santa Fe Ry com
to
13
I.I-*
12%
13
600
11%
Jan
13
Feb
Bethlehem
43
41%
43
15p
41%
Feb
50
Jan
Certain-teed Products
Steel
Corp
common
—
:.
5 %
5%
Feb
Feb
100
•
)
_.,,
839
THE^COMMliRCIAIiiift; IINANCISII^ROKICIiE,
Number 4567
Volume 165
*
_
'
tj^vv. yv.^vv.i.A«-AJr>' '!»'■.■
-.'rM-.-r
lift-
OTHER STOCK EXCHANGES
RANGE
Week's
Friday
Curtiss-Wright
—;
Television, dt
Farnswortn
Granam-Paige
Jan
11%
1,000
9'/a
Jan
12%
5%
Jan
Republic Steel
Feb
Rlchman Bros
6%
8%
6%
900
8%
300
7%
Jan
39%
400
35%
Jan
5%
5%
5%
2,000
3%
Jan
Feb
Jan
39% Feb
5%
Feb
Standard
Shares
19%
21%
19%
•
2%
1
7%
Jan
6%
Feb
19%
1,100
15%
Jan
19%
22%
2,900
17
Jan
22%
S
Van
Ohio
of
common
Products,
common
Steel
(Un)
33%
7%
Feb
Jan
53%
Jan
;
510,
23%
Jan
28%
Jan
I
51%
Jan
59%
Jan
68%
26%
a57% a58%
31
a76
-a78%
128
Car
Corp—
Paramount Pictures Inc new com
Pepsi-Cola Co—
6%
*
6%
7%
5,300
12%
12%
100
6
11%
Jan
12%
Jan
31
100
25
Jan
29%
Feb
•
•
1
23%
23%
24
500
21%
Jan
24
Feb
New York Stock
3,200
8%
Jan
10%
Feb
Detroit Stock Exchange
*
29%
Feb
Feb
Vacuum Oil Co Inc
—15
standard Oil of N J—....—————25
14%
33 Mi
•
Incorporated
common
America common-Radio-Kelth-Orpheum
Radio Corp of
Republic Steel Corp common
_
1
:
Rubber Co common
& Co
Wilson
common—
15 %
400
13
Jan
15%
28 %
29%
500
25%
Jan
29%
2,600
14%
Jan
67 %
Jan
70
Jan
15
68%
17
16
17
24%
23%
13%
Jan
16%
Jan
24%
1,100
8%
9
1.500
7%
Jan
9
3%
4%
1,400
3%
Jan
4%
Chicago Stock Exchange
DETROIT
Building
Telephone: Randolph 5580
Jan
14%
14%
400
13%
Jan
14%
Week's
Detroit Stock Exchange
Jan
15
Sales
Week's
Range
of Prices
Low
Par
Range Since January 1
High
Brummell
Brewing
37'A
60
32%
Jan
37%
Feb
6%
6%
100
6%
Jan
7
Jan
8%
Jan
7%
8
7%
110
28
28
100
28
Jan
Feb
Feb
28
Churngold
new—
.
Preferred
Street
Cincinnati
Telephone
Cincinnati
109%
13%
14
96%
97%
41
41
11%
11%
112
100
Preferred
29%
109
109
14
97
*
Dow Drug
20
28%
50
guaranteed
Dayton & Michigan
400
Feb
37%
25%
Jan
36
15
19%
Feb
21%
Jan
362
27%
Jan
29%
Feb
44
107%
Jan
109%
Feb
13% Jan
14
Jan
96%
Feb
99%
Jan
41
Feb
41%
Jan
100
11%
Jan
11%
Feb
4
109%
Jan
1,318
192
13
112
Jan
112
21%
21%
60
20
Jan
22%
Jan
•
32
32
61
24
Jan
32
Feb
*
66
66
240
65
Jan
69
Jan
6
5
Jan
10
Eagle-Picher
Formica
Gibspn Art
.
__
5%
—*
Hatfield
5 %
Magnavox
National Pumps
5'/a
Feb
Rapid
S Playing Card
—
(J
■
Printing
S
52%
Feb
Jan
50%
Jan
Jan
17%
Feb
Jan
6%
Feb
Jan
65%
Jan
137
17%
27
5%
6%
139
5%
61%
63 '/8
689
61%
50
Preferred
260
260
5
249%
Jan
16
16
200
13%
Jan
71%
71%
45
47
51%
51%
51%
Feb
52% Jan
23
47%
17%
100
*
10
•
preferred
16
17
52%
46%
63
Jan
46%
52%
"
*
Procter & Gamble
U
14%
223
1
Kroger
8%
16
*
Preferred
,
16
16
260
16%
71%
Jan
Jan
Feb
71%
Feb
656
41%
Jan
47
Feb
60
49 %
Jan
51%
Feb
10
Unlisted—
"itumbia
*
*
Gas
—
Oil
Pure
:
Brands
Standard
36%
36%
*
10
Motors
General
30
10
Service
Cities
37
31%
11%
64%
23%
10
Mill
Rolilng
American
Jan
33
100
37%
Sale Price
Brass
Akron
50c
Mfg
Coach & Body
American
Tel
Tel
&
:
(Un)
1
Apex Electric Mfg common
*
10
Fuel
Clark Controller
City
Ice &
Cleveland
Cliffs
Cleveland
Elec
Cliffs
•
*
pfd
Iron
111
common
5
15
Corp
Gas
Consol Natural
5
100
(Un),
14%
__
__
38%
Feb
Jan
2%
Jan
15%
Feb
6%
200
Consolidated Paper common
10
1
12%
1
10
20
8
Jan
~6%
6%
6%
1,400
6%
Jan
0%
Jan
27%
26%
27'A
3,476
25%
Jan
27%
Jan
3%
300
12%
12
12%
1,600
11%
Jan
12%
Feb
20%
20
20%
525
17%
Jan
20%
Feb
Feb
Davidson
Bros
Detroit & Cleveland
Edison
Detroit
Navigation
common
a28%
Steel
Detroit
Inc
1
Electromaster,
Federal
5
Federal
Motor
Gar
Wood
Inc
common
Finance
General
common
Graham-Paige
Hoskins Mfg
common
Car
Motor
Hudson
Manufacturing
Hurd Lock &
Corp
Kaiser-Frazier
Masco
——4
*
Mfg
Controller
Eaton
Electric
23%
157
21%
24%
Jan
37%
Jan
Jan
34% Jan
Prod common
Screw
Oil
common
Products
Motor
Davis
Rubber
Faultless
& Rubber com
Firestone Tire
(Un)
Co
Gabriel
(Un)
Electric
General
1
(Un)—25
Motors
General
General Tire
&
Rubber
Co____:
Goodyear Tire Ac Rubber common
Drug Stores
Great Lakes Towing common
1
*
10
5
*
Gray
Halle
Bros
Interlake
common
__
--
al4% al4%
a38% a39%
a59% a63%
a37% a37%
__
—
a55% a56%
21% 21%
__
__
10,0
5
—
•
Steamship
—
33%
28
31%
33%
—
44%
45%
—
.
28
30
common
5% Jan
(HW)
Rickel
5%
Investing
Prudential
High
Jan
Raisin
River
Co
Paper
Lime &
Island
Kelley
&
f.amson
McKee
(A
15%
a36% a37
Jan
5%
Feb
Sheller
13%
Jan
14%
Feb
Standard Tube class B com
Jan
174%
Feb
Superior Tool & Die
Jan
9
7%
30%
Jan
31%
Feb
15%
Jan
Jan
Jan
97
Feb
Union
40%
Jan
44
Jan
Cement
2,671
25"%
Jan
29
Jan
U
54
49%
Jan
54%
Jan
100
6'/a
Jan
6%
96
48%
Jan
55%
25
Jan
Dist
Shirt
Radiator
S
common
Preferred
Wayne
Aircraft common
Products new com
Screw
Jan
73
Jan
24
,
20
54%
Jan
58%
Feb
100
12%
Jan
15%
Jan
260
35%
Jan
39%
Jan
63%
15
145
51%
33% Jan
38%
Feb
53
Jan
56%
Ohio
Oil
Packer
(Un)
Corp
^nnsylvanla
-—
20
Jan
22
27%
Jan
28
Feb
RR
(Up)
Radio Corp of America
(Un)
165
28%
Jan
31%
Feb
175
32%
Jan
34%
Jan
For footnotes see page
10
1
Feb
1,223
52 %
Jan
7%
5,125
6
Jan
6%
6%
1,500
5%
5%
175
7%
7%
6%
--
10%
10%
19%
20
18%
20%
20%
9
8%
4
7%
Jan
Feb
Feb
6
Jan
6%
Feb
Jan
5%
Feb
175
10%
Jan
19
Jan
480
63
3%
320
1,005
9'A
16%
Jan
Jan
8
10%
20
20%
9
Jan
Feb
Feb
Feb
"9%
8%
9%
900
7%
Jan
9%
Feb
5
5%
400
4%
Jan
5%
Feb
~2%
2%
2%
400
9
Jan
2%
Feb
38%
38%
210
35
Jan
38%
Feb
6%
6%
500
6
Jan
2%
2%
400
2%
Jan
1%
7,745
1%
Jan
—
2%
1%
1%
.
6%
Feb
2%
Jan
1%
Jan
Feb
12
12
100
12
Feb
12
23%
24
360
21%
Jan
24
Feb
14%
24
14%
100
11%
Jan
14%
Jan
3
3
3
1,454
2%
Jan
3
7%
6%
7%
1,246
6
Jan
7%
5%
Jan
Feb
Jan
6%
Jan
40%
40%
214
40
Jan
41%
Jan
30
30%
375
30
Feb
31
Jan
6
6
6
40%
4
14%
14%
4%
4
4'A
4'A
8%
8
9%
9%
13
13%
4%
4%
700
4%
800
3%
Jan
4%
14%
100
14%
Feb
14%
Jan
4%
3,085
3%
Jan
4%
Jan
4%
500
4%
Feb
8%
1,261
7%
Jan
330
8%
Jan
10
13%
10
13%
2,330
4%
915
4
4
21
—
21
600
4%
Feb
4%
Jan
18%
Jan
150
6 v2
Jan
13%
11%
Jan
6%
Jan
12
12
10O
450
Feb
Jan
Jan
2,135
6%
Jan
Jan
6'/a
12
Jan
Jan
9%
13%
6%
4%
8%
3%
6%
240
Jan
4
12"%
21
Feb
7
Jan
13%
6%
Feb
Jan
Jan
12
14
Jan
Feb
17%
18
225
14%
Jan
18
64'A
64%
65
173
62
Jan
65
Jan
2%
Feb
Jan
2%
Jan
2%
2%
2,740
2
2%
1%
2%
1,590
2
Week's
Range
Sale Price
415
34% Jan
32% Jan
12% Jan
45%
Feb
Basin Oil Co—
37%
Feb
Berkey & Gay
Feb
Blue
of Prices
Low
•
25%
Barker
Bros
Corp
115
16%
common—
--
*
6%
1
—
3
1
9%
12%
common—•
14%
Furniture Co
Diamond Corp
Chlca Oil Corp
Feb
Balsa
Broadway Dept Store new
__
49
49%
745
49
Jan
52
6%
112
445
Jan
4
1
Consolidated
Feb
—
63
4%
12
__
Feb
61
Mfg Corp
——50c
Bandlnl Petroleum Company
1
63
—
Jan
9%
Aireon
Jan
0
2%
9
Feb
—
50
34
Feb
35
Jan
•
100
Certain-Teed Products Corp
1
Cessna Aircraft Company
1
Chrysler Corp
&
Colorado Fuel & Iron common—
-*
Preferred —————————20
208
25
Jan
26%
Feb
Consolidated Steel Corp new com
•
20
34
Feb
Creameries of America,
Inc—......
1
—
a22
153
22
34
26%
22
34
26%
20
a9%
a9%
10
6% Jan
27%
Jan
3% Jan
16
Jan
21% Jan
8% Jan
7J/a
30
4%
Jan
Jan
Jan
22
Feb
24%
Jan
9%
California
Packing Corp common
Central Investment Corp
—
—
—
•,
—
16%
4% 4%
3%
4%
25% 25%
15c 82 Ac
6%
6%
2A
9k
10 12%
13% 14%
2%
8A
a29% a29%
23% 23 A
al9% a20%
M
Sales
for Week
Shares
Range Since January 1
a*
a97%al04%
15% 16%
20
20
33% 34%
20 20/a
High
Low
High
Jan
25
150
Feb
.*
50
•
—
Feb
Jan
Par
9
a20%
Jan
Jan
STOCKS—
62
4
4
a29% a29%
Feb
5%
Angeles Stock Exchange
Jan
65
—
14%
Jan
8
Last
596
—
Jan
5
2
Friday
1,061
—
12 %
100
Feb
284
Los
11%
63
1
325
900
Feb
16%
l
14%
Feb
10%
•
Mfg
50%
Feb
18%
50
Jf Y Central RR (Un)
4'/a
Feb
Feb
68
840
62
ational Tile
Sational Acme<fc
Jan
50%
200
*
1
50
1
common
15%
6%
3%
372
9
*
Investment
11%
6%
12,830
9%
1
63
4
4%
9
1
United
18
Feb
9
1
Udylite
93
20
3%
13%
10
Brewing
Tlvoli
Jan
5%
1
Axle
Timken-Detroit
3
50%
Feb
170
Mfg new common
10
0
Metropolitan Paving Brick
Jan
2%
10
1
Scotten-Dillon
3%
425
•
—
class B
G)
__
*
Trans
Sessions
Portland
Medusa
•
7%
8%
—*
190
Barnhart-Morrow
*
Jaeger Machine
Jones
Laughlin Steel (Un)
Products
Pfeiffer Brewing
Range Since January 1
605
5%
*
1
*
2%
1
*
1
2
Car;
Motor
Peninsular Metal
Low
7%
2%
2
Parker Rust-Proof common
High
73
73
20
24
a58% a58%
—
Feb
9%
10
Murray Corp
National Stamping
Parke,
Sales
for Week
a54%a55%
—.
12%
5%
1
1
1
*
Micromatic Hone common
10
Jan
2%
1
McClanahan
170
Feb
Jan
9%
500
1
Kingston Products
Kinsel Drug
Feb
70
6%
20
4%
14%
5
2%
*
1
1
Hall Lamp common
Feb
90
Feb
Jan
50%
10
1
1
1
Motors
Gerity Michigan Die Casting
Goebel Brewing
Jan
59
1,210
6%
20
1
Ale
Friars
12%
a9%
160
1
1
3
Frankenmuth Brewing common
64%
6%
12%
3'A
4%
*
Truck
31%
6%
—
11%
5
Mogul common
Warner
Detroit & Cleveland Navigation
20
7%
Corp
Stove
Detroit-Michigan
Jan
a28
a28%
a51% a51%
—
6%
20
5
1
2
Detroit Gray Iron common
Jan
95% 97
a44
a44
97
—
Jan
Jan
11
a3l% a31%
al7% al7%
—
35
2%
51% Jan
a8%
__
Feb
14%
23%
50
12%
100
31
5%
5%
a5
a5%
13% 14%
al73% al74%
—
1
(Un)
Corp
Alleghany
American
Jan
1,952
559
Shares
11%
1,300
492
of Prices
12%
100
<sl>-
Feb
12%
2%
11%
Low
18
Feb
Cleveland Stock Exchange
Par
Jan
15%
Park Chemical Co
STOCKS—
15 V*
38%
64'A
Range
250
2%
Packard
Last
3,725
15%
31%
Week's
5
18
15%
23 %
Friday
Feb
4%
17%
*
12 %c
11%
30
Jan
5
Burroughs Adding Machine
Burry Biscuit common
59%
36%
3'A
Jan
2%
(SS) common
Lakey Foundry & Mach common
37%
Jan
4
1
Kresge
36%
High
2%
5
1
General
*
50
Kahn
Low
600
Feb
23% Jan
80
24%
19%
8.50
100
2
50
Cincinnati Gas common
37%
24%
3%
18
"
McLaren
Brown
Continental Motors
Paper & Fibre
36
0
•
6
Mills
Champion
Range Since January 1
38%
Baldwin Rubber common
Briggs Mfg common
High
Low
36%
for Week
Shares
High
3
3
1
5
Products
Metal
American
1
1
*
-—
Low
1
Products
Electric
Allen
for Week
20
Machinery
of Prices
Par
Aeronautical
Shares
Range
Sale Price
STOCKS—
Sales
Sale Price
STOCKS—
Carthage
f1
Feb
Feb
4
Last
burger
U
Feb
Feb
24%
9
Friday
Beau
Jan
20
Feb
21
700
Ford
Cincinnati Stock Exchange
Balcrank
70
Jan
New York Curb Associate
Last
Laundry
Jan
16%
Memheri
Exchange
Friday
American
62%
15% Jan
300
14%
67%
1
•
50
•
Corp
United
U 8
common
Oil Corp
Sunray
10%
15
1
1
Standard Steel Spring
9%
10%
So cony
Studebaker Corp
58
Jan
29%
(The)
Jan
28%
watling, Lerchen a Co.
Feb
26%
29%
Co
Feb
20 4
Jan
150
a69% a70%
al9% a20
29%
Pullman
78%
Jan *
23%
,
.1
Amer Airways
Pure Oil
Jan
17%
10
180
19 *
19
a28% a28%
Jan
Jan
50%
•
(Un)
Steel Door
Youngstown
Jan V.
739
26%
1
Tube
&
29%
53
V-
—_—•
Dorn Iron Works
Sheet
Jan
•
com
High
25 %
•
Inc
.
798
52%
•
10
-
January!
Low
a 29%
a28%
28%
Range Since
High
Feb
Feb
Jan
18%
•
—10
5%
6%
—5
800
30 Mb
6%
Low
•
-
——
Oil
Thompson
U
(Un)
White Motor
.4
North American Co
Pan
Jan
Youngstown
Oorp
New York Central RR capital
Motor
11
common.
Nash-Kelvinator
Packard
200
8%
1
(Glenn L) Co common-
Martin
-
6
•
Laclede Gas Light.
for Week
of Prices
Par
High
Low
39%
co
Corp
Iron
(nterlake
12%
11%
12%
1
Radio.
11%
"
Range
Sale Price
STOCKS—
Range Since January 1
High
11%
11%
Sales
Week's
Last
Shares
Low
Motors
Electric
General
7
for Week
•
—1
1
continental Motors
FEBRUARY
Friday
Range
of Prices
Par
Columbia Gas & Electric
ENDING
Sales
Last
Sale Price
STOCKS—
WEEK
FOR
;\
400
2%
Jin
5%
Jan
Feb
9,870
3%
Jan
4%
125
22%
Jan
25%
Feb
75c
Feb
90c
Jan
5
Jan
6%
Feb
2%
Jan
2%
Feb
7% Jan
6% Jan
9%
Feb
4,900
3,593
150
5,335
60,410
2,380
80
13%
Jan
28% Jan
12%
Feb
14%
Jan
28% Jan
450
20
Jan
23%
Jan
160
18% Jan
20"%
Jan
45
4'A Jan
4%
721
f '
Jan
' "• r\
470
13% Jan
620
20
Feb
Jan.
16% Feb
20
Feb
6,125
31
Jan
34"%
Feb
340
2o
Feb
23%
Jan
846.
v'
■W
THE COMMERCIAL &
FINANCIAL CHRONICLE
Monday, February 10, 1947
OTHER STOCK EXCHANGES
RANGE
WEEK
FOR
ENDING
FEBRUARY 7
Friday
Week's
Sales
Last
FAIRMAN & CO.
Interlake
Unlisted Issues
—
•
—
-7
—
_
West 7th Street —LOS ANGELES 14 —TRinily 4121
210
Last
Sale Price
STOCKS—
•
Douglas Aircraft Company Inc
Electrical Products Corp.
Equipment Co
Oil Co. Ltd cl iss A
jcxeter
General
Paint
Oil
Honolulu
—
—.
a„
8%
9V4
9%
112
8%
Jan
9%
Feb
5,305
1.50
Jan
2.05
Jan
Pure
13
Jan
Feb
15%
9%
Feb
14%
13 V2
13%
955
59%
61%
2,167
52%
Jan
50
21V4
Jan
26
Jan
Phelps
Oil
Feb
61%
Jan
34
Feb
55%
55%
562
54
Jan
55%
Feb
Standard
95
97%
344
82
Jan
97%
Feb
Standard
Oil
1.20
1.20
700
Jan
1.35
Jan
Standard
Oil
Webster
150
42
Feb
42
Feb
18%
19%
378
16
Jan
19%
Feb
Btudebaker
24%
24%
300
23 %
Jan
29
&
6%
Feb
Swift
Hunt
Foods
Inc
common
—6%
-
1
7%
6%
7%
1,325
10c
Hupp Motor Car Corp
1.00
75c
1.00
7,800
20c
22c
—
Intercoast Petroleum Corp
Jade Oil Company
Kaiser-Frazer Corp
Lane
Wells
Lincoln
■
Co—
Oil
Merchants
Aircraft
Northrop
Oil
»r.»nnlc
Co
6%
Pacific
Western
Oil
Richfield Oil
Sears
Jan
Jan
United
Jan
14c
22c
48,300
1.45
26,550
337
15 %
15%
United
U ri
14
Feb
14 Va
Jan
12c
Jan
22c
Feb
Western
6%
prefered class B
5%% preferred class C
—
Southern California Gas 6% pfd
Southern Pacific Company —
Jan
14
42
41%
20
35%
Jan
37%
286
61
Jan
62
110
25
Feb
25
100
26%
Feb
26%
transamerica
_
10%
8,200
Jan
11
Feb
75c
Jan
16
9
60c
1,000
60c
16
1,222
14
%
1,200
Vs
850
6%
Jan
22%
6%
Feb
22%
669
Jan
21V4
22%
Feb
846
35%
Jan
39
Jan
55
240
54
Jan
55 %
210
29%
Jan
29%
Feb
14c
14,500
11c
Jan
14c
Feb
95C
1.00
5,400
85c
Jan
1.05
Jan
15%
745
15%
Jan
16%
Jan
38 V4
25
a—
a—
—
33
1,242
32
Jan
34%
Jan
a32
29
31%
Jan
32%
Jan
32
30%
Jan
32
Feb
37%
Jan
37%
Jan
Jan
45%
Jan
57%
Feb
32
1,051
24
308
41
57
56%
1,311
55
Jan
8%
8%
8%
1,670
7%
Jan
8%
Jan
13%
14 %
875
12%
Jan
14 V»
Feb
14
14%
3,214
15%
Jan
al9%
a 19%
25
13% Jan
20% Jan
20%
Jan
21%
21%
6,347
21 Vb
Jan
22%
Jan
6
6
100
6
Feb
6
Feb
—25
California
Products
Inc
11%
11%
11%
495
10
Jan
11%
Feb
77%
77%
78 V4
'732
70 %
Jan
78 Vi
26
1,035
24%
Jan
26 y4
Jan
9%
9%
220
8%
Jan
10
Jan
—10
1
Inc
—
10
5%
10
10c
Cons Chollar G & S Mng Co
Zenda Gold Mining Co
1
1.00
1.00
100
1.00
Feb
1.35
25c
8c
10c
8,000
8c
Jan
12c
Unlisted
Amer
&
American Tel & Tel Co
7c
*
loo
14
Atch T & S
P Ry
5
Co
Corporation
6c
Jan
7c
Feb
1,000
27c
Feb
35c
Jan
14
a57 a5734
65
a__
__
al72V8al74%
828
171
—
a55% a55%
30
a__
40%
635
38
40%
14
14
Jan
Jan
Co
*
•
Co
(Del)
Corp
Curtiss-Wright Corp
IIIIIII
22 %
Jan
22%
American
Jan
68
Feb
15'%
Jan
15 %
Jan
24 %
1,658
19%
Jan
24%
Feb
35%
--
35%
200
35%
Feb
37%
Jan
5
57%
Jan
57 %
Jan
a51%
a52
50
51%
Jan
51 Va
Jan
18%
19%
800
18%
Feb
20
Jan
a95% a96%
147
93%
Jan
93%
Jan
al32%al34%
75
a59% a59%
19
100
__
General Foods Corp
"
"I
(B F) Co
22%
440
22%
Feb
23%
Jan
19%
120
17%
Jan
19%
Feb
3%
Jan
4%
Jan
20
a—
17 %
17%
680
15
21%
23
440
17%
Jan
23
Feb
24%
Jan
21 Vb
Feb
9%
Jan
13 %
Feb
26%
27%
654
12%
13 V4
750
a511/4 a52%
120
27%
Jan
39%
•
100
Tel It Tel
a98
119
92
Jan
96
Jan
19%
19%
55
a44
14%
a
14 %
14%
a38% a38%
20%
Jan
20 Vb
Jan
175
42%
Jan
42%
Jan
15
46%
Jan
310
12%
Jan
40
a__
63
63
140
63
Feb
31
31
176
24
Jan
a24% a24%
20
a__
63
Range
For footnotes see
page 848.
'i
a__
a—
for Week
of Prices
Shares
Low
Sudd
Cooper
General
Motors
Brothers common
Lenigb Coal & Navigation
National Pr & Lt ex-distrlbutlon-
Power Sc
Light
Pennsylvania RR
preference
common
preferred
preferred
3.8%
4.4%
Philco Corp common
Co
Jan
24
Feb
14%
14
14%
969
11%
Jan
14%
Feb
104 Vb
98% 104 V.
5%
6
674
CO CO
Jan
104%
Feb
365
5
Jan
12
12 %
2,951
8%
Jan
12%
Feb
1,725
22 VB
Feb
24%
Jan
47
Jan
50%
Jan
__
22 %
49%
64%
29%
10%
22 Vb
49 V8
59 Vb
27
•
—
11%
-•
—
1%
•
•
100
100
3
7
21%
26%
48%
25%
29Vb
105%
—
28%
21%
26%
20%
Scott Paper
4,480
Feb
Jan
51%
Jan
195
46%
7,991
25%
Feb
27 3/e
249
26%
Jan
29%
Jan
270
104%
Jan
105%
Jan
15
115%
Jan
Jan
117%
Feb
28%
770
21
Jan
28%
Feb
21%
306
19%
Jan
21%
7%
Jan
9
Feb
44% Jan
49
Jan
40
180
Feb
Jan
1%
12 Vo
Feb
Feb
1%
Jan
Jan
71
1 Vb
Jan
Jan
4%
1%
4%
3,974
4
3%
4%
51%
4%
51%
3,470
Feb
4Va
Jan
•
Corp common
157
49%
Jan
51%
Jan
23%
31%
22%
Jan
Jan
23
31%
24%
31
Jan
32%
Jan
•
$3
preferred
United Gas Improvement
13%
20
Coal
—
23 %
—
1
909
3%
727
15
Feb
Pittsburgh Stock Exchange
Friday
Sale Price
STOCKS—
Allegheny Ludlum Steel
•
—
Blaw-Knox
•
20
Clark
Co
46 %
14 %
Jan
Feb
Gas
63
Feb
31
&
•
Electric
Oil
10
Steel
Follansbee
10
Walker
Harbison
a__
*
Candy
L)
(D
Columbia
Refractories
Range
for Week
of Prices
Shares
Low
Par
—
11%
—
—
*
43%
43 %
19%
11
11%
28 %
17%
23%
40
20
Home
Lone
(Joseph)
Star
*
common
%
Corp
Gas
Brewing
40
Feb
Pittsburgh Plate Glass
6%
Jan
Pitts
19
16%
1
Jan
Jan
Jan
Jan
Feb
40
Feb
113
17 VB
Jan
19%
13%
Jan
14 Va
Feb
1
Feb
1
Feb
700
4%
Jan
5
Feb
381
39%
Jan
42%
Feb
243
7%
Jan
8%
Feb
1
—
4%
42%
5
42%
8%
58
1
—
8%
58
1%
Reymer & Bros
0
—
13%
13,4
San
1
15c
16
15%
15c
Screw
&
Bolt
•
Corp
Pittsburgh Steel Foundry pfd
Renner
Co
Ten
Mining
Steel Springs
39%
735
36
Jan
39%
Feb
a42% a43%
275
42%
Jan
42%
Jan
Westinghouse
a67 a67%
65
64%
Jan
64%
Jan
Westinghouse
Jan
100
•
10
common
30%
Jan
5,087
Supply
Flreproofing
&
Pittburgh
a_.
\b
Feb
640
14 V4
iff
Feb
40
14 %
1
10%
14 %
Jan
23%
Jan
•
Jan
Jan
Feb
4
%
Feb
75
22%
10%
5
15%
Jan
17%
16%
National Radiator Co
415
29
Jan
11
Jan
Ohio Oil
3,278
Jan
Jan
15%
Jan
Feb
1
12
27%
20
8%
Jan
16%
Jan
50
995
14%
12%
tt
485
30
28 %
17%
23%
978
16%
15%
Feb
3,303
Jan
1
10
11
15%
10%
Jan
16%
Feb
Jan
15%
9%
Jan
Jan
20
19%
15%
5%
46
Jan
19%
300
19
Jan
17%
19 V4
1,300
Jan
41%
10
.
12%
Fuel
High
10
87
10
Gas
16%
30%
H
11%
Range Since January 1
LOW
High
Feb
a__
a__
Sales
Week's
11%
39%
Jan
26%
4%
16%
.
22 Vb
Jan
1%
%
12%
140
Jan
%
—
16%
282
Feb
20
24%
10,008
4%
1
1
6 %
Jan
7
25
Transit Invest Corp common
Preferred
15%
9%
19%
1%
Jan
25
Mining
Tonopah
National
a
Jan
5%
7
Mountain
6%
1%
51%
50
Feb
19%
205
2,821
73%
Jan
a
11%
1%
Feb
73%
3%
6%
Jan
11%
—
31%
52
39%
46%
Jan
388
Feb
Jan
Jan
45%
Jan
a4G
64%
24%
10%
—
3%
30%
Jan
409
9
9
Feb
408
2,012
--
31%
30%
463
6
29%
6%
7
20% 21 _%
25% 26%
48 Vb 48%
25% 26 %
28% 29%
104% 105%
117V4 117%
160
a39%
22%
50
64%
50
1
•
common
Oil Corp
Dome
United
Feb
19
*
Reading
Salt
Jan
358
Pennsylvania Salt Manufacturing—10
Philadelphia Electric Co common
$1
174%
24
1
——•
BO
Pennroad Corp
Penna
27%
Jan
22%
13 %
•
10
5
Light
Battery
Storage
Gimbel
Jan
*
Co common
Delaware Power &
Electric
25%
170 VB
5
1
Corp —
Brewing Co
Pub
Curtis
High
584
1,588
24
13
vtc
Co
Chrysler
Low
27 Vb
171% 174%
26%
27
172%
Range Since January 1
High
3,666
—
Feb
17%
•
Baldwin Locom Wks
Feb
a42%
39%
a—
Jan
Sales
Week's
Sale Price
3%
*
650
4
3%
a58% a58%
17%
31%
•
a__
_
19%
3%
«
a__
22 %
19%
1
Stores
American
Standard
General Electric Co
Jan
Jan
67%
23%
24 %
Jan
37%
a48 Vb a48%
M
41%
40%
61
31%
IIIl
Jan
280
a
3%
5
15%
a—
218
16%
•
.
Jan
68
68
a
Par
Feb
30
"25
1
_
24
255
a
Electric Bond & Share Co
Rights "A"
■
Jan
19
a24
a
IIIIIIIIIIl
a__
14%
a—
16%
a40% a41%
_29
Feb
38%
5
Class A
1
7%
a96 Va
a24%
Feb
6
1
Zellerbach
"P"l
90
a__
2,392
14%
Last
Jan
Jan
38
10
Continental Motors Corp
Oil
15%
a46 % a47 %
•
A
Jan
6%
a24
39%
25
Feb
Jan
Jan
14%
275
25
85
a26 Va a26 %
15%
Friday
Devonian
Commonwealth Edison Company
& Southern Corp
Cons Vultee Aircraft Corp
29
Jan
97
24
15
Commonwealth
Continental
173
40%
Jan
24
I_5
Corp__
Jan
Last
II
Solvents
25%
a__
Jan
Jan
24
5
Tractor
Cities Service Co
660
a__
Jan
13
13
•
Caterpillar
29
Jan
92
950
Bethlehem Steel Corp
Canadian Pacific Railway
Case (J I) Co
16%
55
7%
5
Boeing Airplane Company
Borden Company
Borg-Warner Corp
Jan
180
6%
5
commercial
14
a94% a95%
7 !a
Barnsdall Oil Company
Bendix Aviation Corp
Goodrich
5,000
3
Baldwin Locomotive Works vtc
Rights
Jan
925
,100
28 %
STOCKS—
Feb
5%
5%
16 %
50
_
7c
27c
16%
•
America Viscose Corp
Crown
300
27c
Anaconda Copper Mining Co
Armour & Co (111)
Feb
Philadelphia Stock Exchange
Westmoreland
San
Stan
Corp
Smelting & Refining Co
Aviation
5%
Stocks—
Rad
Co
Tel
Sun Oil
Mining StocksAlaska Juneau Gold Mng Co
Black Mammoth Cons Mng Co
Calumet Gold Mines Company
Amer
Feb
29
5
Feb
24%
•
Universal Cons Oil Co
Western Air Lines
22
1
.
United-Rex all Drug Inc
United States Steel Corp
41%
10
—
32%
a31%
—
Jan
„
Jan
29%
37
14 y4
Union Oil of
Aircraft
Jan
54
—
1.00
—
40%
•
—
Feb
%
_50c
~5
380
10%
Feb
a44 a45%
vranscon & Western Air Inc.
Union
Jan
a37% a37%
Corporation
41%
Jan
Feb
14%
...
(Del)
Feb
26%
IIIi
Corp
Textron Inc
Corporation
Feb
25
6%
57%
Feb
41%
8%
5
Rubber Company
Jan
62
31%
*
Jan
26%
Feb
4>
Standard Oil Co of Calif
30%
Jan
Jan
Jan
V4
"A"_25
Jan
6
Feb
15%
Jan
al4% al4%
-25
26%
25
2,425
Feb
41%
15%
_
Feb
220
576
7%
1,344
1.65
6%
_
7%
30
26%
6%
10%
Jan
1.10
10
33%
Jan
29%
30
10
15%
,25
—
Jan
26 %
7V4
9%
—12%
29%
Solar Aircraft Company
IIIi
Southern. Calif Edison Co Ltd com. —25
22%
10%
Westinghouse Elec & Mfg Co
26%
♦
Sinclair Oil Corp
Feb
24
Willys-Overland Motors Inc
Woolworth Company (F W)
40
54
•
22% Jan
10%
a—
60%
Jan
6%
1
...
—
Jan
Feb
12c
Trading Corp
Signal Petroleum Co Calif
Jan
Jan
8
Feb
—
9%
a—
Feb
22%
62 %c
180
60C
-30
Feb
22%
54%
Jan
25
...15
55
Jan
184
Jan
7Vi
30c
692
*
Co
&
Oil Corp
_
_
Warner Bros Pictures Inc
a37% a37 V»
22%
a23Vs a23%
10
Jan
41 %
11
—5
Corp_
Inc
Jan
3%
62
1
121
16%
Jan
95c
41%
16
Lines
60c
Jan
41%
25
•
Air
Jan
2%
41%
Sierra
United
1.65
Jan
75c
1.50
19
Carbon
Railroad Co
Pacific
50c
%
Roebuck
Oil
645
5,300
1.30
1
Security Co
*iMiray
7%
33c 62 %c
7%
7%
62 %c
1
182
a32
•
United Aircraft Corporation
21c
_
10%
a31%
—
•
Jan
525
_
1,812
380
—10
1.25
14
——
22%
25
__
17%
14
Warrants
Shell Union
_
Sulphur Co
195
400
_
Safeway Stores Inc
Gulf
Water Assoc Oil
4,300
1,550
f
Ryan Aeronautical Co
Company
Tide
18
•
Corp common
Texas
Texas
Feb
1.35
2,030
25
Puget Sound Pulp & Timber Co
Republic Petroleum Co common
Rice Ranch Oil Company
Feb
Feb
Union Carbide &
90c
„10
Corp
7%
1.00
22c
Union
60c
"~25
preferred
5%% 1st preferred
Pacific Lighting Corp common
Jan
Feb
3%
—-
1st
Jan
20c
Jan
3
Pacific
20
62%
a—
24
25
Company
9%
90c
0
Pacific Clay Products
Gas & Elec common
65c
&
16%
52 %c
1
_
110
60 %
——1
Corp
Jan
3 V8
1
Jan
a__
*
Jan
57 %c
1
,
_
—
18
1
57
25
25
___
Inc
6%
14
Inc
__
(N J)—
15%
a
1
Company
National City Lines Inc_
Nordon Corporation Ltd
Occidental Petroleum Corp.
2,000
1
Petroleum
(Ind)
Co
Co
87
.1
Company
Manufacturing Co
Menasco
487
•
5,905
1
-
Jan
Jan
62%
a2%
•
1.30
1.30
..IOC
Co
42%
39%
62 V4
a2%
•
9%
8V1
al6
1
Petroleum
Jan
60 %
19
16%
9%
1
Lockheed Aircraft Corp
Mascot
-
—
25%
Jan
42
42
——
—
Jan
23%
—_
Brands Inc
Stone
0
*
23%
•
Co of Del
Seaboard Oil
30
___
100
24
—
—
•
Company
a26
60 %
•
Republic Steel Corp
300
1.10
Feb
a25
*
34
95
10%
*
Company
34
——
Jan
41%
1
Socony-Vacuum Oil Co
Southern Railway Co
•
9%
Jan
a26% a26%
rnmm
__
930
10%
_
Dodge Corp
Pullman Incorporated
Jan
10%
a—
———
Jan
7%
10
1
———•
Paramount Pictures Inc
Pennsylvania Railroad Co.
13%
945
Jan
Jan
26%
Motor Car Co
Packard
——
Jan
17%
Jan
14
a—
•
Radio Corp of America
1
Corporation
a„
36
33%
195
a40% a40%
10
Jan
1,290
—
—
13
a49
21%
—
Jan
62%
•
5c
Company—
•
Co A common
Oil
9%
1.85
*
Holly Development Co
Hudson Motor Car
9%
1.65
I
Corp common
Corp common
Gladding McBean & Co
Goodyear Tire Si Rubber Co cornHancock
a__
311
1.75
...10
Motors
General
140
15%
Ohio. Oil
1
High
Low
a__
15%
—1
Farnsworth Tele & Radio Corp
Fitzsimmons Stores class "A"
Range Since January
a20% a21%
-
1
Shares
80
5
..
for Week
High
15%
4
Emsco Derrick &
.
a72% a74%
—50c
Dresser Industries
Range
of Prices
Low
Par
Sales
Week's
Friday
11%
100
Feb
5%
a—
17 V4
10%
18
Ward «Se Co. Inc_
Mountain City Copper Co
New York Central RR
North American Aviation Inc„
North American Co—
High
Jan
16%
--
Montgomery
3%
a__
a48 Va
•
& Robbins Inc
McKesson
75
al3
a36 Va a36%
—
—
Llbby. McNeill & Libby
Loew's Inc
SCRWABACHER & CO., SAN FRANCISCO
YORK
al2%
17 Va
Kennecott Copper Corp
ALLEN & CO., NEW
10
—
Nickel Co of Canada—•
International Tel & Tel Corp—
Direct Private Wire* to
1,053
*
—
Low
5%
a48% a48%
...
Range Since January 1
High
5 V4
-
Corp
Iron
Low
O
Northern Ry
Great
International
Listed
Shares
-1
Motors Corp
Co. pfd_
Graham-Paige
BROKERAGE
FACILITIES
Stock Exchange
Member Los Angeles
for Week
of Prices
Par
COMPLETE INVESTMENT
AND
Range
Sale Price
STOCKS—
United States Glass common
Air Brake
Electric Corp
100
1
—1
*
com—12 %
8%
58
—
17 Vb
—
—
28
2
17%
15 /2
32% 33
26% 28
.2
50
610
58
1%
Feb
Jan
58
Feb
2
Jan
Feb
13
Jan
13%
10c
Jt"n
20C
Jan
195
12%
Jan
17 Vb
Feb
100
12 V*
Jan
15 %
Feb
200
2,200
296
470
30%
23%
Jan
Jan
33%
28
Jan
Feb
Volume 165
Number 4567
THE COMMERCIAL S FINANCIAL
CHRONICLE
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
ENDING
FEBRUARY
7
'Friday ") /.Week'#
St. Louis Listed and Unlisted Securities
Last
STOCKS—
Edward D. Jones & Co.
Established
300 North 4th
Oliver
1871
6%
St., St. Louis 2, Missouri
St.
York
Stock
Stock
Louis
Filters
"B"
Exchange
Exchange
1st
Chicago Board of Trade
New York Curb Exchange Associate
Bell
7600
8%
40%
Pacific
25
32
•
62
common
♦
Friday
STOCKS—
American Inv
Brown
Shoe
common
—10
___1
...5
1
465
common-
Laclede
Steel
_100
Missouri
Portland
Rice-Stix
St
Louis Pub
Serv
Securities Inv
—
Cement
Dry Goods
17%
36%
58
27
Jan
30
Feb
115
4
400
220
39%
130
14
14%
110
13%
b J/4
13%
Jan
14%
Feb
29
Jan
31
Feb
19%
Jan
22
Feb
25
29%
Jan
32
84
9%
Feb
10%
10
33%
Feb
33%
16%
16
49
40
16%
47%
50
27%
500
Jan
29%
Jan
18
50
North
8
common
Motors
common.
Tide
Feb
39
39%
103
63
59%
63%
402
American
—25
51%
Jan
31%
32
63%
29%
Jan
33%
39%
Feb
Range
1
1,450
10
25%
2,541
16
24%
15%
25%
*
21% Jan
14% Jan
25%
16
-Z
47
£
Par
Loio
t
Aireon
Mfg
Alaska
Juneau Gold
Anglo
Corp
Calif
Atlas
Imp
Bank
of
50c
Mng Co
National
Air
Diesel
N
W
yd
42 Va
Jan
6%
6%
100
6Vst
Jan
19%
18%
19%
5
23
21%
23
10 pesos
1,081
17c
17c
18c
34,846
•
California
Cotton
38%
975
29 %
29%
29%
328
92%
92%
217
48%
43%
49
3,982
42
Jan
38
38
38
14
37%
Jan
47
2,650
182
40%
Jan
20%
Jan
Corp
1.03
28
57
1,208
54%
Jan
57%
19%
229
18%
Jan
20 Va
14
14%
10,668
Jan
15%
al9% a20%
100
System
cl
22
21'A
23%
22
78
77
78 %
1,900
69
Jan
78 V*
25 %
25
26%
1,275
24%
Jan
1
26%
11
11
11%
1,085
10%
Jan
IIV2'
31
Jan
320
Jan
Jan
5
Jan
200
10
Jan
10%
10
10%
46%
46%
29%
29
30
1,404
55
55
55
17
63
al5%
19%
25
36
32%
31%
32%
390
50
22%
22 %
22%
205
29% Jan
21% Jan
10%
10%
10%
Galland. Linen
26%
27
Anaconda
46 %
Feb
Atchison Topeka & Santa Fe
Aviation Corp of Del
28
19%
Feb
20
a
50
'*
a97
a95% a98%
180
16% Feb I ;3
375
-
485
38'A
Feb
Jan
a—
2%
a—
ban
.
—At':.
1
5%
5
5%
7,711
4%
Jan
5%
-2%
18%
18%
18%
185
18%
Feb
19'A
Jan
100
preferred
122%
122% 122%
10
122%
Feb
122%
Feb
45c
Jan,
40c
40c
40c
300
40c
Jan
Feb ;
Jan
14%
37%
Jan
Cities Service Co
54% Jan]
common
10
a31
a30 a31%
55
26
6%
Jan
26
Jan
Jan
Columbia
Electric
common—_•
all%
all%all%
100
11
Jan
ll7/»
Jan
*
a25%
a25% a25%
35
a—
*
3%
a7
261
6%
Jan
16
16
16%
400
15%
Jan
20
20%
3,754
20
Feb
30%
31%
23%
Jan
2,412
29
Jan
119V2 119%
1.25
1.25
32%
Jan
Commonwealth
39
20 %
31%
119V2
1.25
300
,
16%
Feb
Gas
Commercial
&
Solvents
119%
Feb
123
Jan
Consolidated
1.25
Feb
1.25
Feb
Cons Natural
&
Southern
Edison
of
Co
N
Y
3%
3%
29
29 A
639
10
a—
Jan
3%
Jan
I
27%
Jan
29'A
Feb
r
557
Continental
Motors
27
Feb
Corp
28%
32
Jan
767
Continental
Oil
27%
32
Jan
5,790
Curtis
25%
25'A
25%
10%
Feb
900
23
15%
Jan
15%
15%
25%
14%
Jan
15%
Feb
12%
39
39
39
100
39
Feb
39
Feb:
*
12
Ilia
12
575
10%
Jan
12
Feb
6%
6
6/a
910
5%
Jan
25%
25
25%
955
23%
Jan
25'/2
6
6/8
458
71
5% Feb
15% Jan
6%
al5% al6%
a—
—
ai2%
Feb
125
49
1
5
(Del)
Feb
10%
29
a49%
-*
28%
9%
•
1
27
28 %
%[
9'A
a89%
47%
49 %
752
46%
Jan
8%
9%
49%
Jan
2,026
7%
Jan
a89% a91%
7%
7%
9%
Feb
Electric
188
92%
Jan
92%
Jan
200
7%
Jan
1,040
4%
Jan
5%
Jan
7%
5
5
62%
59%
35
Jan
5%
8
4,196
52%
Jan
27 %
28%
6%
Feb
1,491
20
Jan
35
35
28%
Feb
30
f
Jan
35
Jan
Hawaiian Pine Co Ltd—
•
25%
Honolulu.Oil:Corp capital
24%
25%
♦
1,089
42%
42
43
480
19%
19%
al8% a20%
25%
26
800
332
103
wi
i
Jan
%
Jan
%
Jan
35%
Jan
39% Feb;5
Goodyear Tire & Rubber common
•
Graham-Paige Motors common
1
Gt Nor Ry non cumulative pfd-—-—*
57
56%
57
376
56%
Feb
57
^5%
J>%
578
5%
a49%
a49% a49%
Hobbs Battery Co A
Holly Oil Co—
Hupp Corp
Idaho Maryland Mines Corp
50,
7
24%
24
24%
1
J
J
'
7
J
7%
7
1
3
3
3
600
Canada—-—1•
a35%
,a
266
4
Jan
a—
..-A,
24
6
Jan
7
Feb
Feb
Jan
Jan!
Feb
Jan
Inter Tel & Tel Co common
*
1"
lb7,a
.17
300
14%
19%
Jan
Kennecott Copper Corp
Loew's Inc common
*
49%
48%
49%
1,632
46%
*
25
Matson
*
25 k
37%
37%
12
100
1.30
37%
Feb
1.30
1.35
37%
2,000
1.10
Jan
1.35
9%
23%
Jan
29
Jan
Feb
M J &
Navigation Co
M
& M
1
cons
9%
8%
Jan
9,000
6%
Jan
32'A
32%
9%
Feb
Mountain
230
32%
Jan
27%
34%
670
27
Jan
30
Jan
25
34% Jan
Jan
Jan
,4
25 A
185
23'A
Jan
25/2
26/2
405
24
Jan
20c
21c
600
18c
•
Jan
Jan
28'A
20c
Montgomery Ward & Co
32%
28'A
,4
2.80
36
35%
36%
217
7
35
Jan
10%
10%
10%
410
10
1
Jan
al7%
36% Feb
10% Feb
17%
Jan
19
a4
al7% al8%
a4
80
a4
10
338
14%
301
31%
a__
a—
Jan
....
1
17%
17%
17%
__5
35 %
35 %
35%
1
3%
3
3%
2,420
1
14
13%
14
2,460
11%
Feb
14
Feb
11%
Jan
n34
11%
3
Jan
17%
Jan
Jan
64
62
a
64
575
56
5c
2.40
2.40
2.40
400
2.25
Jan
Nash-Kelvinator Corp
National Distillers Prod
5
18%
18%
19%
918
15%
Jan
*
21%
20/a
21/2
1,254
18%
Jan
N
capital
*
21
20
.22
2,485
Aviation
1
Y
City
Central
North
Copper
RR
American
10
10J»
a32
capital—100
22,a
*
a23
North American Co common
Northern Pacific Railway
Oil Co common
Feb
Ohio
35%
Feb
Onomea
3%
Jan
Pacific Portland Cement
Sugar Co
20
11%
100
100
11%
Jan
14
14
14
160
10
10%
Jan
14
30
Feb
30
30%
Pan
845
29%
Jan
30%
Jan
Paramount Pictures
Motor
American
aJ1/»
79
22/a
808
a23 a23%
45
21
15
14
10
212
Co
10
10
13
13
1J
100
common
Preferred
Packard
188
*0 A *0
115
115
115
10
7%
6%
7%
3,030
common
Airways
common
2.50
1
12
,a
a30 /s
12
,a
605
a29 a30
/a
210
12
,a
'Jan
|
>
Feb 1
140
43%
a35% a36
5%
a—
250
Jan
Nickel Co
Feb
Feb
725
Jan
—
|
Jan]-
1,107
40%
—
;
|
7,574
7,752
International
—
Feb
if
jfc
Feb
—
Jan
Jan
39 /2
ji
25%
—
'f
I
vs
38/a
if
-
Jan
18%
ti
Feb i
38/e
w
22%
a—
6%
Feb
*
"P"
Jan
37%
10
alb
37%
20
•
6/a
5
Co
97/e Jan
Jan
26
l
rights
rights
10
Share
935
33%
6.66%
710
&
Feb
102
19%
Bond
General Electric Co
<53%
339
"A"
Jan
130
a20%
common
common
Dominguez Oil Co
Dumbarton Bridge
2
27%
8%
Co
Publishing Co
Curtiss-Wright Corp
-
m
3V2
1,000
a49% a49%
11%
12%
Ui
Feb
15
Gas Co
27
•
i
Jan
10%
*
.
.v,[ ,.i
12%
27%
20
;
'
2%
■
53
390
a2%
470
102 102%
35
35%
page 846.
38%
a2%
885
35%
see
16%
38%
a2%
14%
_•
For footnotes
16 V2
38 "A
1
53 A
Feb
North
16%
5
Feb
24'A Feb
14%
Jan
American invest common
American Oil Cons
1 670
53%
a6%
1
•
100
>
14%
34%
common
Jan ■;
53%
35%
National Auto Fibres
Natomas Company
Jan
25
Jan
:
14%
24%
6%
•
Chesapeake & Ohio RR
Feb
Magnavox Co
Marchant Calcul Machine
Menasco Mfg Co common
40%
96'/2
23%
common
Pwr 6%
a6%
10
a
Feb
Jan
30
Lyons Magnus "B"
40
■
-—
24%
40%
al3% al4%
Feb
Feb ;
Feb :
40
32%
31
Libby McNeil & Libby
Lockheed Aircraft Corp
840
a—
—
7%
California Pacific Trading Corp com—*
Canadian Pacific Railway
25
350
North
Cal Ore
a
1,165
Leslie Salt Co—
Feb
Jan
a31%a31%
174%
39
Jan
Aviation Corp
Berkey & Gay Furn Co
Jan
15%
Jan
a—
520
Bethlehem
Jan
172%
130
250
7%
Blair & Co Inc capital
Bunker Hill & Sullivan
Feb
h/%
6%
Jan
Jan
Jan
7%
Baltimore & • Ohio RR common
19%
Feb
56%
Feb «
Jan i
3
Bendix
13.%
15
16%
1,783
40
40
Feb f
Jan
Jan
Jan
Feb
27
...
13
14'
common__r——13
Locomotive
Steel
39
35
105
a56%a56%
39
5% Feb I
Jan i-
6'A
Jan
Feb
Feb
100% Feb
34%
Class B
172%
a56%
Jan
6% Jan
34
13%
92c
Baldwin
3%
■
94
Jan
32%
Corp common
Langendorf United Bak A„_
130
4,444
118
Jan
33
Co—-
60
35
185
57c
11
65C >
94%
86%
75
;
29
1 Jan
94%
63
200
23 %»'
<11%
.
40
Jan
31
Kaiser-Frazer
a6%
Feb
19%
'
94 Va
Jan
30
34 %
<
al3%
55
Jan
36 .n330
;
5
30
26
-
■■
50
59
800
2%m
100
Jan
Jan
•
Idaho Power Co
5%
a6
34%
common
Jan
32
Mining
Mining
(111)
Jan
102
IXL
Copper
Armour & Co
Jan
*
common—,
5
a6
"
54
295
5'A
34%
14
Jan
34%
Inc
65c
100
Jan
:•
Foods
100
*
Corp
4
2nd
Plantation Co
Hudson Motor Car Co
65c
172% 174%
Viscose
37%
•
Honolulu
65c
1
11
100
Hunt
65c
2z%
22 ^
.
•v
Feb
a55% a56%
30%
10
Greyhound Corp common.^....
28
20
27%
1,212
al5al5%
19%
2%
preferred
180
a56%
•
preferred
Gladding McBean & Co—
4%
Jart
29
•
71
•
Golden State Co Ltd common
10
28
60Q
1,295
•
General Motors Corp common
General Paint Corp common:
125
29
10
pfd
46
342
27
5%
.
10
15
5
common
28
16%
245
Works
Service
36
14%
a32
Co
Farnsworth Tele & Radio common
Food Machinery Corp common
36
325% 325%
16%
37 %
2
Foster & Kleiser common
Conv
92c
99 100%
Jan
Jan
325 %
15
37 %
1
Electrical Products Corp
Emporium Capwell Co common
Jan
16%
5
Oil
Jan
21%
*
a31%
5
common
Dorado
a31%
a
Mfg
20%
705
*
1
common
21%
1,250
>.
San
5
common
3,739
22
23%
Smelting & Refining
American
37 %
•
Di Giorgio Fruit Corp A common
EI
a31%
63
88c
26%
27
•
Cypress Abbey Co
B
92c
63
100
26%
25
Ind A
Inc
4%
10
20
preferred
Doernbecher
500
46%
•
Commonwealth Edison
,22%
1
Amen Woolen Co common
6%
300
1.05
—
20
American Tel & Tel Co
American
316
5%
13%
a—
100
American Power & Light
American Radiator & Std
Jan
Consolidated Coppermines
Cons Vultee Air Corp common
14%
al9%
Jan
1.05
21%
cap
Feb
75/3
5%'
B__2.50
1.05
'
22 %
Power
Ltd
4%
73/^
E—
Zellerbach Corp
Jan
Foreign
7%
4%
-15%
56%
common
Factors
Jan
preferred
Colorado Fuel<fe Iron common
Preferred
2nd
Corp
&
American
240
First
Creameries of Amer
Alleghany
American
Jan
5%
k
47
20%
<
14% Jan
Unlisted Securities—
230 %
3%
110
38'A
10
Portland Cement
5
5
Chemical Co
a21% a22%
al5% al6%
1
Jan
•
a22
1.05
25
Jan
7%
49
'
' 19%.
common
12
common
44%
al6%
25
U T
36
50
Broadcast
Cab Co
47
5
Agricultural Co
Jan
•
'92%
19%
Air_
Oil
Feb
230% 230%
4%
4%
38%
3u
;
56%
common
10%
230%
Jan
"Jan
84% Jan
*
33%
Co common
Coast Counties G &
5%
29
10
1,227
Mining Co common__l
Chryisler Corporation common
5
Crown
Jan
35%
■
12 %
1^410
Eureka
Cons Chem
5%
19%
10
Corp
Jan
5
23
20c
Jan
92%
common
35
Preferred
Columbia
Jan
6%
16c
5
common
Lines
11%
a
Caterpillar Tractor
Clorox
240
2%
•
!
18% Jan
21% Feb
25
California
10%
capital
36%
660
*
Western
34%
common
Mills
Calif Ink Co Cap
California Packing
Central
5 %
1
Co
38%
,
15
Preferred
2
Cement
«
2
&
10%
100
Sugar Cap
Calaveras
5%
11
*
2.50
Bishop Oil Co
Calamba
5%
*
23%
3634
Jan
►
common
35
A
fv!tl6-t! 44397
1
Consolidated
Range Since January 1
1,500
21% Jan
35% Jan
"
10
20
Engine
California
4%
:
6%
*
Corp
Yellow
High
4%
>„
,
285
267
1
Indies Sugar common
Western Dept Stores common
High
4%
10
Bank
83"
,
—
for Week
Shares
Jan
Feb
11
Corp
Sugar
Yosemite
of Prices
90 %
476
.■
"
2
Universal
Sales
Last
27%
10
•
Victor Equipment Co
Exchange
Sale Price
STOCKS—
Feb
10%
pfd series A
Wells Fargo Bank &
Week's
27%
19
36
West
Friday
;
:.34yaFeb;
23%
common
U S Steel
Waialua
San Francisco Stock
Jan
25% Feb
1
Water Ass'd Oil
Union Oil Co of
Jan
Jan
32
36
common
Gas
Transcontinental
Feb
34
—
35%
.4
Feb
22%
Pacific Co
United
39%
10
_
Corp
Calif
Union
Elec
General
90
1,780
Jan
17%
57% Jan
23%
1
Standard Oil Co of Cal
Unlisted—
General
4:.v'
74
M
,1
common
Transamerica
Jan
Jan
17% Feb
<57
Feb
23
Sperry Corp common
Spiegel Inc common
Spring Valley Co Ltd
Feb
15
42
1,035
4
r
Feb
29'A
13
180
91
Union Oil common.
Southern
Jan
33%
29
Jan
36
Oil
Southern
Jan
10
33 %
__
:
;"rl Jan
19
Signal Oil & Gas class A
Jan
12
70
90%
Soundview Pulp Co common
Feb
7
50
__
Shell
Jan
Jan
19
common
San Mauricio
Mining
Sears, Roebuck & Co capital
Feb
Jan
90%
Manufacturing Co
Bros
& ^32%
<
Jan
Jam
13%
127
27 %
common
Safeway Stores Inc
Jan
14%
23
30
5
40
Feb
Jan
22
9%
Jan
14
200
29
—15
37%
Jan
30
25 %
Ryan Aeronautical Co
Jan
6
21%
27%
Jan
36%
*
S & W Fine Foods Inc
Jan
21
30
1
4%
42
100
31
common
—
Jan
Jan
870
30 %
*
common- _50c
2%
31
600
7
22%
21%
com— —25
Sterling Aluminum common
Stix, Baer & Fuller com new
Wagner Electric common
14%
6%
22%
31
*
42'/a
40% Jan
27% Jkn
20 A. 122%
57
34 %
8% Feb
'
100
Incorp
Richfield
Roos
Feb
14%
-10
_
Rheem
Jan
Jan
3
57
33%
Preferred
Jan
Jan
55
41
4
_
common
"A"
Jan
33%
20
38%
—20
common
16
149
30
57
34%
103 V*
14,518
..
.
*
common
Republic Petroleum Co
Feb
200
14%
4
Rayonier
Jan
29
17%
4%
41
com—5
common
8
Jan
36 Va
39%
Laclede-Christy Clay Products
Laclede Gas Light common
Jan
7%
25
58
29
common
Johnson-S-S Shoe common
McQuay-Norris
Feb
35%
—_5
-100
Shoe
Jan
20
250
17
*
corn..
Preferred
International
36%
Jan
.
7.50
Preferred
Jan
13%
58
—
Hydraulic Pressed Brick
Jan
16%
29
35%
common
34%
8
17%
Shoe
75
28%
common
common
Griesedieck-Western Brewing
Huttig S & D common
Jan
7%
Coca-Cola Bottling
General
12%
160
20
8
'
81
35%
19
—
Ry Eq & Realty Co Ltd
High
179 A
"2% fi 2%
a75% a77% V
17% 17 'A
,
17%
Range Since January 1
Loio
13
34%
1
Columbia
Brewing
Shares
High
13
—.
—15
Co_
for Week
Low
1
—
Burkart Manufacturing common—
Century Electric
Range
of Prices
Sale Price
Pa|
common
Sales
,/
a77%
:
60% Jan'i
518
,
Feb
v Jan
4'j; }
y
t
60c
13
•
32 f .Feb
Feb
v.
,..692 vi
a23%a231/a
2%
•
Philippine Long Dist Tel Co
Phillips Petroleum Co capital
Pig'n Whistle Conv prior pfd
Puget Sound P & T common
28%
124% f. 126
;
a23%
.
Week's
Last
205
399
.
13%
28
125%
—
Paraffine Cos common
13%
;
28
:_100
Corp__
Exchange
10
.
"
.41% Jan
41% Jan.
39% Jan
35% Jan
-
537
62
Jan
Jaft
..
..11%
..Jl% Jan ;
7
/.7.-■/Jaa-':
Jan
4,570
.2,591....
32
'
62
13%
*
Pacific Tel & Tel common
Pacific Western Oil
St. Louis Stock
32
27c
.'27c
...
.
a37% a37%
,
.
(•..
Lighting Corp
Rights
7% h 8%
41% *,..42.^
40%
a37%
.
621
40%
t
25
Pacific Public Service common
1st preferred
Teletype fiL W»
Range Since January 1
:
Low
torn ;,
:
High .■) !
5,700
*
12 -12%,
41%
25
Phone
CEntral
Chicago Stock Exch.
~
High r
34cfv-60c!
12
25
preferred
Shares
:
60c "
*
1st preferred
1st preferred
5 Vo
how
;
.
5
5 %%
Members
New
Utd
l
Pacific Coast Aggregates
Pacific G & E Co common
for Week
^ of Prices
"»
Par
Occidental Petroleum
Sales
Range
Sale Price
Jan
Monday, February 10, 1942
THE COMMERCIAL f& FINANCIAL" CHRONICLE
842
——
OTHER STOCK EXCHANGES
RANGE
Week's
Range
Friday
Last
Sale Price
STOCKS—
®f Prices
Low
Par
26 Vz
30
30
30
40
40
290
*
30
Feb
Studebaker Corp
Sunset McKee Co cap
United
Feb
10%
8% Jan
1
Republic Steel Corp common
Riverside Cement Co A
—*
30
28%
30
2,839
-•
18
18
18'/a
110
Santa Cruz Port common,
-50
a26
a26
a26
1
2*
15%
15%
15%
315
15% Jan
—215
15 Va
14%
15 %
970
14%
25
a33
a32% a33'/a
450
33
32%
235
31% Jan.
Sinclair Oil Corp.
Soconv-Vacuum Oil
So
Cal Ed Ltd
capital-
common--
'
32%
25
6% preferred
1,467
•
32%
Aircraft Corp common
30
Jan
Feb
Warner Bros Pictures
Jan
18 %
Jan
Westates
26
Jan
27
Jan
25% Jan
Petroleum
1
Jan
Jan
STOCKS—
of Prices
Par
Abitibi Power & Paper com
$L50 preferred
•2.50
32%
Feb
2,136
15
Jan
2,210
30c
Jan
50c
714
3%
Jan
23
560
17%
Jan
23
com. .12%
27%
26%
27%
1,308
23%
—1
13
13
10
a51%
22
9,112
19 Vt
Jan
41
525
37 Vz
Jan
41
Jan
Molson's
22%
340
22
Jan
23
Jan
Montreal
Cdttons
Jan
106
•
——•
Jan
Mitchell
Feb
22
J S
100
101%
101 Vz
204
202
45
193
8V2
8%
93
29
29%
■ in hi
23
23%
100
mi
83A
30%
8%
1,235
95
188
58
Jan
Jan
93
3,828
27
Jan
Jan
Montreal
Montreal
30%
13
13
Tramways
Jan
National Breweries
Natl
Feb
100
Canada Forgings class A
Canada Northern Power Corp
#
preferred
i
Canadian Breweries
Jan
Jan
4'A
29Va
Jan
Page-Hersey Tubes
3»/e
735
2%
Jan
Feb
Placer
170
29
21% -22
31»/e
11%
3'/8
29
Preferred
31%
Jan
Powell
18%
Feb
Power Corp of Canada
Price Bros & Co Lt&^bMMbn
19%
Jan
23%' Jan
105
30
Jan
31 »A
Jan
25
25
Jan
26%
Jan
Jan
14%
Jan
16V*
Feb
47%
Jan
49
253/8
25%
River
5%
43
10%
25y8
4,673
Jan
B
Oils
Rolland
61
551
58
Jan
61
50
42
Jan
42%
4
13
Feb
13%
Jan
41
36
35
Jan
36
15%
Paper
smelting
153/4
2,200
14 'A
Jan
16%
370
Jan
35
'A
■/(
30%
303/4
13
100
11%
Jan
13
17%
18
8,800
16 Va
Jan
19
35 %
36
505
32 Vz
Jan
36 Va
16
675
15
Jan
16
10 Va
63
10
Jan
10%
41
80
40
Jan
42
Jan
38
105
36
Jan
38
Feb
80
30%
15
18%
22,871
17
Jan
20
20
20
325
20
Jan
20%
Jan
26
26
26
50
25%
Jan
26
Jan
26
26
25
-26
Feb
26
Feb
35
14
Jan
17
10
103
Jan
103 %
10
106
Feb
106
15
15
103 % 103%
106
106
13%
10%
42%
Jan
Feb
.Feb
13%
Feb
21,128
9%
Jdn
13%
7,074
38 Vz : 43
36 V2
Jan
43
Feb
162
126%
162
15
162
Jan
162
Jan
123
134
1,580
116
Jan
134
Feb
18'A
26%
25% Jan
25
Jan
26%
Jan
75
184%
116
18
650
20%
17
16%
17
17%
18
49
20 5/8
18
18,
-
92
184
<
18
106
•
l73/4
>54%
29%
16
8%
16%
Feb
18
18% Jan
24
Jan
17%
Feb
18 V4
110%
110
Jan
Jan
810
82
75
"17% 'Feb
106
■
54%
'Feb
Feb
15% Jan
*9
1,097
8
Jan
'400
27
Jan
60
-53
"Jan
15
286
Feb
53
Jan
40%Jan
45%
Feb
12%
14 Vz
Feb
Jan
15
8
Feb
30% Jan
-34
Jan
34
110
25%
253/4
26
55
2514
Jan
26
37%
37%
38
26
37%
Jan
38 V2 Jan
Jan
13% Jan
8
Jan
-
Jan
523/4
4,345
7,035
48
16%
14%
Jan
•16%
Feb
45
45
110
'45
Jan
46
Jan
12%
13%
890
12y4 Jan
12
12
175
89
182
182
182
183
2
75
22
22%
*
6%
Jan
Jan
Jan
Jan
80
24 Va
Jan
26
Jan
29
Jan
31
Feb
Jan
106
104%
Feb
16
98
37
37%
65
22
Jan
22 Vz
Jan
13
Jan
16
Feb
60
14
98
preferred
9%
3,005
16
98
37%
75
1,540
5
22 %
100
—*
Jan
375
—•
common
Jan
9
106
10.6
-—100
:
182
3,660
228
9 Vz
9%
9%
*
common.,
Limited
97 Vz
Jan
99%
Jan
125
36 Vz
Jan
37 %
Feb
28
Jan
25
27%
2,828
34%
Jan
% Jan
__
27%
80
27 Vz
Jan
21%
Jan
22
Jan
23
Jan
25 V*
Jan
26%
Jan
Banks
a-10
—10
.10
—10
21%
21%
21%
315
22%
22
22%
315
.———10
24 >/a
Canadienne
Commerce
—
Montreal
-
Nova-* Scotia
■
■
—i——
Roval
•-
Toronto
-
26 Vz
26
26
2,350
3s
:
1949
38
50 VB
50 Va
—
f
1
Jan
Jan
39
23V2
Jan
25
Jan
80
38
24%
38
38
Jan
38 Vz
Jan
$27,000
50
Jan
50 Va
Feb
37 V2
4,311
BONDS—
Power
21%
Jan
276
37 %
.24
-10
—
Montreal
—
Montreal Garb Market
-
37% Feb
55
13 3A
Jan
Canadian Fund*
Sale Price
STOCKS—
Glove "Works Ltd——
Sales
for Week
of Prices
_L
Shares
Low
9%
8
175
A pfd __—__*
12
12
150
7
5%
-7Vz
1,690
170
170
15
2%
2%
B
7%
preferred —TOO
Brand & Millen Ltd-A
*
Jan-
11'% Jan
180
5%
Bathurst Power & Paper class B__
Belding-Corticelli 7%
■
Range Since January 1
tiigh
9%
...*
Auto Fabrics Co. "Ltd. CI
Class
—•
'
Low
Par
,
'Acme
■
Week's
: Range
Friday
'List
5%
Feb
6% Jan
170
{Feb
Jan
Feb
1
5% Feb
'
15
25%
64
59 "A
64
640
53
5%
5,635
Company common
—
Butterfly Hosiery Co Ltd—
...1
5%
4%
100
85
81
Feb
Canada
-Canada
11%
Jan
12
Jan
25
25%
60
25
Jan
25%
Jan
35
35
240
35
Jan
36
Jan
Canada
,100
172
172
172
12
172
Feb
172
Feb
7%
&
Dominion
Sugar
Malting Co -Ltd-
^Canada North Pr Corp Ltd 7%
Starch
preferred
Co
—9
:~*
pfd-100
Ltd common.—100
100
475
107
.
78%
Jan
'
76
6
6
25
21
20%
21
2,148
61%
61%
62
230
111
4% Jan
696
TO
106%
1
Calgary Power Co Ltd 6% pfd
;100
"Canada Bread Company common—!__*
92
10
[
"Feb i
Jan
Feb
117
640
Brown
;
17
17
26
...
170
i
27
64
15
25%
of Vancouver
9% Jan!
12
"Feb
5%-Feb
7V2 :Feb
Jan
Jan
15
26
& "Dist.'
.''High
2?A Jan
Feb
225
...5
British American Oil Co Ltd
•
"British Columbia P-& P Go Ltd com__l
"Brewers
35
"25%
Feb
31
Zellers
*
j*
86
25%
Preferred
_•
90
Jan
87
87
75
Feb
9
29%
"8
_is
Feb
86
25
106% Feb
55% Jan
16% Jan
8
*
Jan
81%.
30 Vz
Jan
34
373/4
8%
Jan
10,502
1,226
250
363/4
Jan
Jan
75
5% Jan
18% Jan
4%
640
14%
13%
80
8%
9 Vz
30 %
110% Jan
1,650
53
Feb
Jan
Jan
109% Feb
16
45%
14%
26
16
29%
Feb
13 V*
Feb
13 Vz
25%
....
84
54%
Jan
29
172%
522
Preferred
Jan
Feb
18
12%
Jan
17 %
474
53
Feb
Jan
18
175
18 Va
28%
184 V*
105
1,350
108%
25%
Jan
6,250
Cotton
(Geo)
Jan
15
106
Jan
21
147
5
Jan
17
Feb
110
Jan
Jan
170
100
Winnipeg Electric common...
■
Feb
98
20%
2*4%
110
Jan
103% Jan
285
109% 110
109%
49
9%
preferred
Preferred
Jan
25%
300
Gooderham & Worts new com •
Weston
Jan
150
23 V2
27%
3,245
Jan
26%
24%
29
172%
—25
Tobacco
Wilsils Ltd.
Feb
Jan
104
£i
♦
Tuckett
Jan
Jan
18
18
23%
23%
*
503/4
Jan
81%
Walker
Jan
13%
506
,
„
page 846.
16
81
Wabasso
143/a
see
295
81
Feb
16%
For footnotes
17
Jan
Jan
31
26
184
45
com——
common
;
Feb
16%
—
*
25%
56
25%
'98
Power
United Steel Corp
335
26
;26 %
26%
95
'
'•
Jan
Canada
Preferred
Jan
40%
Southern
Jan
10
Southam Press Co
Jan
9
—
Feb
103
9%
Feb
'•
w——
Feb
61
Jan
18 %
Jan
52%
Preferred
15
Jan
101'A
18%
47%
16
—
Jan
54%
270
Jan
42%
—50
common
11 Vz
1,450
Jan
Jan
37%
Power
3,435
Feb
Jan
50
ll:;li|y
International
15
61
103
17
41%
285
47%
20%
.J>
international Utilities CorpJamaica Public Service Ltd com—
Labatt (John) Limited—
Lake ^f the Woods common..
35
17 Vz
45
42%
47%
International Nickel of Canada com—*
.
59%
Feb
135
Feb
~5
International Petroleum Co Ltd,
Jan
325
89%
89%
104
—»
Preferred •■w-.—.,125
„•
35
18%
Jan
18
Tflfl
,
Jan
■
18
84%
88%
24
^InternatlonaTPaper ^common
-12
102
•
'
c
34%
14%
•
Industrial Acceptance Corp
(
Feb'
34
601
"
18
common
*
Bronze
19%
17%
common
184
—
———;
152
Jan
—•
Standard Chemicals
,
Preferred
33
Feb
16
—•
Steel Co of Canada
25 Va
♦
DMDII MDAKW.
International
Jan
152
Jan
Feb
Imperial oil Ltd...
■»
'Imperial Tobacco of Canada common.5
;
31
10
400
19%
35
Jan
340
31
152
19
13 Va
14'A
Preferred^---^-^^%.„^-iibd
4?
103 Va. Jan
Jan
15%
Hhdson Bay Mining & Smelting—
;
Jan
.
13
Jan
26%
100
,■
103
310
12%
26
^Hamilton Bridge..**.
<
16
10
13
1,305
1,866
18 Va
Ll-
$ -toward Smith Pfiper common—
i
35
103
Feb
13%
14%
'38
..20
Goodyear Tire pfd Inc 1927
Gypsum, Lim«4r Alabastine^
Jan
13%
13
Jan
"
*
—
—
Jan
Jan
17
152
19%
*
common
Feb
40%
100
Preferred
IXamai.4
Breweries
Jan
100
—-
82
13
Sicks
18%
98
Corporation
Famous Players Caiiad Corp.
Foundation Co of Canada*—
CTeheral steel Wares
'Jan
6
Jan
565
Feb
*
Electrolux
General Bakeries
29
Jan
78%
.-100
————
Jan
.100
-
Jan
4%
44
28
Jan
15%
..25
-
28
375
171
13
10
100
'
53%
543
28%
17%
preferred—100
cdmmon.
Ffeb
6
171 Vz
120
35%
preferred.-
46%
5%
•
com
880
26
Power
Preferred
Canada
of
6,377
13
Dominion Textile cdmmon—.
$Yz%
Williams
17%
-23
•
4,435
31
152
•
15%
18
—•
Paper. cohv Class A—j.
Jan
1,200
16
100
17%
;■***.———•
{Paper 4%%
Dryden, Paper ——
Feb
Feb
25
103
—
Corporation common—*
preferred
—
SO
Lawrence Flour Mills preferred__100
Lawrence Paper preferred
100
143/a
30%
—-
13%
25
,82
■
Jan
34
-100
-i—-
Jan
Jan
50%
82
100
15%
37
—.
—
13
23 V2
£8% v29
*
common.:
13%
33%
42%
—
240
46%
—25
Shawinigan Water & Power
Jan
15%
47%
—
Ltd
750
13%
23%
25
Lawrence
Sherwin
40
15
89 %
*
46
13'A
—•
-*
—-—1
14 »A
—•
'44%
46
61
17%
Dominion Steel & Coal class B
I
Jan
15'A
Dominion Tar As Chemical common
"Gatineau
St
Jan
34
Dominion Dairies common
Dominion Glass common-
^ddy
St
'
—
/Donnaeona
Jan
47%
A
Jan
36
'Domtaion Bridge -J
Dominion COal preferred---
Preferred
40
Feb
.
Jan
40
.
.
Preferred
St
Jan
135
Davis Leather Co Ltd class A
Stores
Jan
100
*
Saguenay Power, preferred—
.
Feb
42
13
Distillers Seagrams old common——.
;
Jan
41
Glass—
Preferred
31
44%
—
common—
Preferred
Jan
19 V*
13
common
Crown Cork & Seal Co
Dominion
Jan
14%
15
Consolidated Mining &
■?
44
41
Paclfld'Rallway
Class B„
Feb
Jan
18% Jan
•
Cockshutt Plow HjlAimm mmmm
Consumers
13
60
——
Canadian
42
170
100
common
Canadian Locomotive
Canadian
323
—•
Transport———
Power
Knittihg
Quebec
Regent
!
Jan
26
42
'
.
73
19
61
Canadian Foreign Investment—
Canadian Ind 'Alcohol common..
Class
14%
183A
1,985
43
13%
100
Canadian Converters class B
-'Canadian Cottons
42
14%
19
—•
-
35
——*
Co—
preferred
Provincial
Jan
_•
Cahadlan Celanese *bmmon.
Preferred 7%
/
31
Jan
11%
390
49
*
31
*
100
1
preferred
Development
Feb
2,971
16%
48%
20
Jan
—100
-—
Jan
25
15%
——
50
28%
—
16
1,627
25
16%
'
Jan
—.•
29%
347
'11%
46%
25 Va
Feb
28
1,167
31%
•
Canadian Car & Foundry common
'ClaSs A
£
50
•
Penmans
Jan
25
common—
23
—•
Preferred
tiCanadian Bronze
50
Jan
Jan
18%
31>A
Feb
50
Light "Heat & Power com—100
Ottawa
3%
^50
common
Jan
Feb
22
28 y2
30
•
———
23%.
20%
18%
—•
"Canada Steamship common
'
Jan
235
29%
'22
Feb
22%
50
50%
Rwys___—
6,630
30
Cement -common-.
22%
Electric
Ottawa
4%
18 %
5
preferred
12% Jan
1,100
283A
28
28
-
20
Jan
Ottawa Car Aircraft
Feb
50
'2%
3.y8
————-w———————,
Jan
20
——•
Ogllvie Flour Mills common—
Jan
13
3%
28%
Building Product* class A
$1.30
Feb
189
2,532
'
Canada
Jan
Jan
28%
"4
^/British. Columbia Pdrest/ProductsBritish Columbia Power Corp A
Bulolo Gold Dredging
21
22
22
19
2,275
-5
—•
—
187
22% '23
23
9,430
22%
—_•
common
Drug & Chem conv pfd
National Steel Car Corp
437
23%
Jan
40
20
21%
Jan
Jan
8%
95
36
19
22
.40
100
Telegraph
Feb
40 %
40%
19%
•
Works
Locomotive
1,030
189
13
A Power
Bruok Silk;Mills—
23%
189
\9
.
British Amer Bank Note Co—
Class B
40 Vz
50
Bathurst Power & Paper class
Trao Light
40%
Preferred
Noranda Mines Ltd
Brazilian
Jan
Jan
101% 101 %
•
Mines Ltd
13 %
Montreal
95
Feb
36
Montreal Light Heat & Power Cons—*
•
18%
Jan
Jan
100
18%' Feb
Feb
Feb
27'A
Jan
12 Vz
29%
204
1,000
17
34%
32%
Jan
80
59
Jan
Jan
Feb
815
Jan
Jan
80
13
22 Vz
26 Vz
Feb
Feb
23 %
4,347
36
32
126
26 %
Jan
35%
105
204
Feb
20%
12%
15
26% '263/4
Jan
Jan
Jan
12%
160
26%
Feb
15
18%
12,800
15
36
—•
2,575
103
Jan
15%
80
.
17%
21
Jan
—100
common.
32%
Corp
Bell Telephone ■$mwii'iiii
18%
Jan
15
5
26%
80
80
—-•
20%
25
26%
20
1,305
120
15
15
—*
,
(Robert)
Mitchell
Feb
—
293/4
pfd~25
,
:BralOrne
20%
19%
High
Low
350
21
15%
32%
—•
.
Argus Corp common
4%% convertible preferred—
Asbestos
18 Vz
.
RangeSince January 1
High
15
21 Va
100
i
—
Low
20%
*
-
Jan
Shares
15%
Breweries
22%
6,872
106
52'A
for Week
•
*
McColl-Frontenac Oil
Feb
21
40
106
Jan
Range
21
_•
Aluminum Co of Canada 4%%
1
High
21 'A
100
Feb j
Feb
50
Sales
Week's
•
common
22%
*
Aluminium >Iitd
Lindsay (C W)
Massey-Harris
Range Since January 1
41
common™
13
of Prices
Par
& Sons Ltd (John A)
Lewis Brothers
22
Agnew-Surpass Shoe common—
Jan
Sale Price
Lang
20
•
—
prior..preferred
21
27%
10
Last
High
Febj
-
Jan
115
ENDING FEBRUARY 1
21
19%
Jan
282
13 "
a51% a52%
Jan
!
4%
4%
STOCKS—
Low
Feb
18
40c
LISTED MARKETS
WEEK
FOR
18
40c
4%
Woolwortb
•
—20
Acadia-Atlantic Sugar A
5%
preferred—
Algoma Steel
Preferred
Low
Jan
21%
Willys-Overland Motors common.
(F W) common
Jan
34
Sales
for Week
Shares
Va
4% Jan
4%
Fund*
Sale Price
Jan
4
Jan
17Va
Friday
Last
19%
Jan
4'A
22%
Westinghouse Electric Corp
Stock Exchange
Week's
Range
Jan
3%
18
\
1
Preferred
RANGE
Friday
18%
760
400
40c
_5'
common—
Western Union Telegraph A
16,VW Jan
15 Va Jan
CANADIAN
Canadian
273
4%
Jan
13
14%
25
4 Va
Delaware—
17'/a
175
Feb
19%
Utah-Idaho Sugar Co common-
24% Feb
' Feb(
Jan
40
4
Feb
Jan
69 V*
18%
1,675
25
4%
Jan
Jan
25
24%
19%
Jan
55%
23%
High
Low
67 Va
294
25
41
Jan
RangeSince January 1
High
23%
common-
54% Jan
United Corp of
al4% al5%
Shares
a67% a69%
21%
30
10%
9%
Feb
10%
al4%
Radio Corp of America.—
Radio Keith Orpheum common-
for Week
Standard Oil Co of N J
26%
37% Jan
450
-a60'/2 a60%
23% 23%
40
a60%
23%
Range
ofTrices
Low
25% Jan
281
—•
Last
Sale Price
High
Jan
25
1,141
Sales
Week's
,4 Friday
Low
26'A
.***•*
1
STOCKS—
Range Since January 1
High
26%
.—25
FEBRUARY
1W;,
Shares
.33 VaO
Pullman Inc cap
Pure Oil Co common.
ENDING
Sales
for Week
.—50
Pennsylvania RR Co
Pepsi Cola Co—
Phelps Dodge Corp..
WEEK
FOR
9% Jan
106
Jan
6
"Feb
20%. Jan
61 Va
Feb
111 111%
16
13
13
25
13
Jan
Feb
110
110
17
110
Feb
110
3
-Feb
10Vs *Jan
107
Feb1 j
92
6
Feb
21% Jan
63
Jan
112% Jan
15'A "Jan
110
Feb
■
Volume
Number 4567
165
THE
COMMERCIAL & FINANCIAL CHRONICLE
LISTED MARKETS
CANADIAN
RANGE
Friday
Par
Canadian
•
common
Canadian Ingersol Rand Co Ltd
Canadian Marconi Company
Canadian Pow & Pap Inv
5 c/o preferred
Vickers Ltd
7 fa
85
16%
730
25
Low
25
14
Jan
23%
Jan
25%
Feb
16
Jan
16%
Jan
Jan
3,315
21
65
65
170
64
2%
2%
1,160
3
3%
12%
Lane
Rowan Mines
Feb
Lake
Shore
25
Feb
Lingman Lake Gold
65
Lingsicle
27/a
Jan
Louvicourt
2
210
Jan
Jan
Jan
3%
12 %
Jan
12%
Jan
30
30
30
10
30
Jan
30 %
Jan
Madsen
29%
31
175
26
Jan
32
Jan
Nechi
138
Jan
154
Jan
New
Feb
Normetal
Feb
O'Brien
142%
145
90
2
3%
3%
3%
19,880
3%
Jan
Canadian
*
47
46%
47
83
42%
Jan
13%
13%
Westinghouse Co Ltd
—-
1
3%
Claude
General
Neon
47
Ltd
10
13 %
Feb
15%
10
22%
Feb
23
Feb
Pandora
1
15'/a
Feb
15
Feb
Paramaque
6
6
10
6
Feb
6
Feb
Pato Cons
51%
51%
5
50
Jan
57
Jan
Pen-Rey
—
4%
__
20
Limitee, class A
Paper
&
Eastern
Steel
Mills
Ltd
Fairchild
Fleet
%
Cadillac
."
2.45
Gold Mines Ltd
3.55 Feb
5,750
4.25
4.80
15c
21c
39,200
13c
Jan
2l0
500
17c
Jan
23c
23c
1
l
35c
Jan
Quebec Gold Mining Corp
Quebec Yellowknife Gold Mines
Regcourt Gold
1
Rochette
78
35c
Jan
17
Jan
15%
Jan
550
17% Jan
16% Jan
18%
193/4
10,972
17%
Jan
19%
Feb
18
18
35
18
Jan
18%
Jan
25%
Feb
15 %c
1.75
24
253/4
180
43/4
50
4%
46%
46%
47%
70
41 Vz
Jan
48
Jan
Jan
4% .Feb
Gold
Feb
27C
14c
Jan
Feb
Jan%
5.20
Feb
17C
4.90
Jan '.Jr
17c
14,000
200
1.02
1.02
500
14c
20c
38,000
14c
Jan
20c
1
70c
70c
800
70c
Feb
70c
Feb
1
Mines Ltd
Santiago Mines
Sheep Creek Gold Mines
lie
lie
8,500
10c
Jan
lie
Jan
62,517
24c
Jan
32 %c
19c
Feb
Feb
Feb
1.27
Feb
1.25
50c
32c
26c 32 %c
50c
1.60
1.60
1
4.85
4.10
5.35
? 1.02
1.02
3,300
192,805
Siscoe Gold Mines Ltd
1
65c
60c
65c
5,250
Sherritt-Gordon
—
'
Ltd
Mines
985
37%
Jan
40
Jan
Sladen-Malartic Mines Ltd
1
53c
46c
53c
15
15
5
13%
Jan
15
Jan
Soma-Duvernay Gold
1
18c
16c
18c
18%
19%
Feb
Feb
'
17
Jan
19%
Feb
Stadacona Mines
74c
71c
74c
11 %
11%
11%
200
10%
Jan
12
Jan
Standard
16c
16c
16c
21
21
Feb
21%
Jan
Steek
2.50
3%
3%
325
2%
Jan
3Va
Jan
Sullivan Cons Mines Ltd
4%
4%
4,075
4Va
Jan
4%
Feb
Sylvanite
50
21
Rock
1
Iron
1
Mines
Jan
21%
Feb
Villbona
Fraser
1
53
51
53
1,350
48%
Jan
53
Feb
98%
98%
30
98%
Feb
99
29%
34
5,785
24
Jan
34
Feb
*
76
71
77
3,379
63%
Jan
77
Feb
10
19
19
19
25
18%
Jan
19
Feb
3%
Jan
Jan
Feb
65c
53c
Feb
14c
Jan
19c
Jan
70c
Jan
78C
Jan
41%c Jan
Feb
16c
Feb
Feb
2.50
2.30 Jan
U 2.80
2.50
.200
1
2.70
2.55
2.75
6,635
2.60
2.60
2.60
300
1
Gold Mines Ltd
•
16c : Feb
12c
12c
13c
6,000
12c
Feb
19c
Jan
11 %c
10%cl2%c
79,500
7c
Jan
12 %C
Feb
2.50
Feb
2.60
Jan
Feb
2.60
Jan
33
Feb
1
;
__
Westville Mines
•
Feb
5.35
1
Gold
20
1.60
Jan
50c
7,000
Gold Mines Ltd
Jan
2.10
8,602
1944 Ltd
Feb
.1*55
5,700
5,500
8,420
40
2,700
pfd
Feb
Feb
1.27
1
—
21%
Companies
Feb
2.02
14c
38%
3 Va
Jan
2.65
1.25
40
*
2.05
,
24c
500
19%
.
Jan
1.95 Jan
4,300
...
Jan
1.93
•
Jan
23
Jan
500
24c
Mines
Gold
15c
4,100
5.00
Premier Gold Mining Co Ltd
Feb
Feb
Jan
12c
24,775
23c
Pitt
Jan
3.70
1.20
1.90
24c
Jan
Feb
Jan
2i65
4.90
Jan
Jan
3.70
1.02
2.02
1.85
1
7
Feb
22c
8,300
1
4%
1.24 Feb
jan;
2.22
15c
Feb
2.67 Jan
2.02
1
Jan
43/4
5
4% %
1.88
1
,_1
Dredging Ltd
21
J
500
Mines
21%
A
15c
15c
*
Ltd
Mines..Gold
Gold
*
Ltd
15c
l
Mines
Ford Motor Co of Canada class A
Freiman
13,500
Jan
30
20
Ltd
Aircraft
&
1,500
120
1.10 Jan
130
*
preferred
Aircraft
Mfg
3 70
1.06
7
17
*
Ltd
Products
Esmond
4.50
3.70
1.17
39,800
*
Worsteds
Co Ltd—
.
4.35
3.7Q
4
35c
25%
111
Engineering Works Ltd
*
Domin Oilcloth & Linoleum Co. Ltd—*
Woollens
4.40
1
1
25
16 y2
—
Dominion
Donacona
13,500,;
22c
3.55
1,075
17
*
Dominion
Jan
15c
7
16%
19%
*
preferred
15%
3.35
4%
—
Lithograph
Consolidated Paper Corp Ltd
Jan
15c
4
35c
16%
Consolidated Textile 5%
Jan
13%
225
-,
3.35
7
_
*
2.50
David & Frere,
Class B
—
51%
*
Preferred
Consolidated
33 %c
Jan
23
Jan
1
Mines
Ltd
Mines
13 %c
26o
1
Mining Corp
15%
5
A
Sec
1.24
Jan
1,500
15%
1.15
High
lie
1
Gold
Mines
Gold
15%
°
Preferred
Consolidated Div
LOW
2,500
27c
15%
__
Range Since January 1
High
26c
15%
1
Ltd
Lake
Lake
223/4
__
Advert pfd—-100
Alcohols
Commercial
Ltd
Dredging
LouVre
■*
preferred
Celtic Knitting Co Ltd
cumulative
Mines
Low
13 %c 13 %c
27c
1
Mines
Mines
Red
Cons
15
Catelli Food Products Ltd com
Ltd
Goldfields
Macdonald
Osisko
Cassidy's Limited common
5%
Gold
29%
100
%
__
Feb
Canadian Western Lumber Co
preferred
Shares
1
*
common
__
for Week
1
2%
381
12%
Lake Fortune Gold
Mines
Sales
Range
ot Prices
Par
Feb
65
3%
High
13%
Week's
Last
Sale Price
STOCKS—
*
Canadian Silk Products
Canadian
Friday
2%
*
1
*
*
Ltd com
13%
25%
23%
25
7
>
High
25%
*
FEBRUARY
Range Since January 1
13%
25%
ENDING
Sales
Shares
Low
13%
°
*
WEEK
for Week
of Prices
16%
Canada Vinegars Ltcf
Canadian Dredge & Dock Co Ltd
Canadian Gen Investments Ltd
Industries
Week's ~
Range
Last
Sale Price
STOCKS—
FOR
843
100
—
Oil Stocks
Great Lakes Paper Co Ltd
A preferred
Halifax
Insurance
Co
Hydro-Electric Sec Corp
International
Inv
6 fa
pfd
___20
Ltd common
convertible
4%
*
Paints -5%
Foundation
4
preferred
4%
25
26
100
25
Jan
26
Feb
9
——
*
9
200
8
Jan
9
Jan
52 %
i__50
52%
10
4%
51%
Jan
52 Vz
90
Jan
Feb
Jan
Lake.St John Power & Paper___
•
90
100
90
Jan
Lanrbert, Alfred, Inc—
Lowney (Walter M) Co Ltd
1
•
12%
9%
123/4
2,980
93/a
Jan
12%
12%
123/4
635
12%
Jan
Dev
19c
500
19c
Feb
*
40c
40c
40c
100
35c
Jan
0
Corp
6%c
6%c
6%c
*
Company Ltd
Crest Oil
East
Co Ltd
19c
19c
5,000
6%c Feb
Gaspe Oil & Gas Co Ltd
1
,60o
60c
60c
2,000
60o
Feb
Homestead Oil & Gas Ltd
1
5%c
5c
5%c
118,500
5c
Jan
•
19%
16%
19%
14%
Jan
Oil
Royoltte
Company
Limited
-
580
19c
Feb
40c
Feb
6%« Feb
75c
Jan
60
Jan
19% Feb
12% Jan
—•
Dalhousie Oil
Feb
12%
MacLaren Power Ap Paper Go__
Maple Leaf Milling Co Ltd com
90
925
British Dom Oils &
Li.
■
1
•
■
■
1
1
.
TT
.
Toronto Stock
Exchange
41
40
41
755
40
Jan
41%
Jan
•
14%
14%
242
14
Jan
14%
Feb
Maritime Teleg and Tel Co Ltd com_10
20%
20%
20%
120
20
Jan
20%
Feb
Canadian fnia
20%
20%
20%
20%
Jan
20%
Feb
Frijay
29%
30
325
28%
Jan
30
Feb
103 103%
45
102%
Jan
104
Jan
7
Jan
7%
preferred
10
Massey-Harris Co Ltd 6%%
McColl-Frontenac
Oil
Melchers Distilleries
4%
Limited
•Preferred
Minnesota
pfd
20
pfd
100
Ontario
1
7
7
101
6%
Jan
10
14 %'
14%
14%
150
13 Vz
Jan
14%
5
Paper Co
20 %:
18%
21
4,705
17
Jan
21
Feb-
Last
STOCKS—
Abltlbl Power A Paper new com
1st
Refrig & Stor Ltd
preferred
2nd
_
*
com—
preferred
Moore
.J
20
Corporation
Royal
Hotel
Royal
Rice
4
84
13%
Feb
15%
29% Jan
29%
Jan
21%
21%
Feb
72
10
70
Feb
13%
9%
21%
13%
41
12%
Jan
13% Feb
9%
9%
135
9%
Jan
10%
Jan
Feb
12%
Enterprises
Orange
Pauls
Crush
Service
Ltd
Stores
6%
pfd__
Purity Flour Mills Ltd
Quebec Pulp & Paper 7 '/«
50
_
—
10
red pld- _100
Stores
Sarnia
Southmount
Invest.
pfd
Co.
—
_
..
Products Ltd
Thrift
Stores
United
Distillers
,
Ltd
u
of
Canada
United Securities, Limited
Westeel Products Corp Ltd
Western
Grain
Windsor
Hotel
100
.
_
Ltd
100
_
Jan
Preferred
72
Jan
Manufacturing
4
Co
_
_
_
Akaitcho
220
13 %
Gold
Mines
Jan
Aluminium
Jan
Aluminum of Can pref
Amalgamated Larder Mines—
American Yellowknife
108%
55
Jan
Jan
112%
60
13%
325
13
Jan
13%
Feb
25%
27
210
25%
Feb
32
Jan
6 %
6%
1,000
6%
Jan
7
10%
10%
125
10%
23
25,262
13
13
13
2
17
17
17
175
20
150
20
7%
7%
7%
1
25
25
110
20
120
Feb
Feb
103/4
126
Ltd
common
Quebec Mines Ltd
Mines
Jan
Canadian Oil
Anglo-Rouyn Mines
Feb
Ansley
Jan
24c
Jan
26c
Jan
Apex Consolidated Resources
Aquarius
13
Feb
14
Jan
Area
16%
Jan
17
Gold
Beaucourt
Beauiieu
Jan
25
Jan
Jan
10
Gold
23%
Feb
550
1.90
Jan
2%
Jan
13%
Jan
14%
Jan
Arntfield
54
54
54
100
54
Feb
54
Feb
Ashdown
25
Feb
Gold
Arjon
105
Jan
107
Feb
7c
7c
1,000
32%
32%
165
1.26
1.35
10,300
12c
12c
500
11c
Jan
12c
Jan
22c 25 %c
66,000
20c
Jan
27c
Jan
Feb
7c
1-35
1.30
1.30
500
24c
24c
24c
10,000
3%c
63/4c
1.30
24c
17,930
3%c
Jan
Feb
Jan
1.49
_1
J*
.
Feb
6%c
-
__
Ltd
Mines
Ltd
.
1
.1
_
19c
2,500
18c
Feb
36c
3,500
30c
Jan
36c
Ltd
1
Min
12c
65c
500
65c
Feb
70c.
23c
Jan
1
-
40c
43c
9,000
37c
Jan
44c
Ault
12c
500
12c
Feb
12c
37c
4,000
51c
36,000
8c
500
21
Jan
30
Jan
205
26%
26%
200
26
Jan
1.65
1.55
1.67
12,115
18c
15 %c
110
1.26
1.00
1.15
3,000
14,650
1.15
1.30
21,000
10C
11c
3,000
7c
9%C
38,400
6%C
Jan
9%c Feb
61c
70c
43,200
4,000
53c
Jan
70c
--
9%c
65c
He
Cartier-Malartic
Gold
Centremaque Gold
Ltd
Mines
Mines
22 %c
80c
10c
14
A
————*
*
Mines
1
—————X
Wiborg preferred
100
&
Auto
Fabrics
Jan
37c
Feb
Jan
51c
Feb
Feb
9c
Jan
12c
Feb
7c
Jan
Bank
1.45
Feb
Mines
——j
12c
12c
1,000
7c
500
3c
1.45
200
1.35
12c
Feb
Jan
Jan
5%c
5%c
6c
4,400
5%c Feb
7c
19c
20c
3,500
18c
Jan
23c
Cadillac
Gold
34c 39 % c
26,400
32c
Jan
44c
27c
30c
63,500
22c
Feb
32c
59c
52 %c
60c
153,120
Bear
Jan
1
Mines
J
Power
*
a/u
44%
J
Class
1
Yellowknife
49c
Jan
60C
22c
25c
2,000
15c
Jan
25c
Jan
Bell Telephone of
38c
38c
4,450
28c
Jan
39c
Jan
Belleterre Quebec Mines
Jan
25 %c
Jan
Bevcourt Gold
80c
Feb
Rldgood
42
47 /2°
Feb
23c
38c
Gold
Berwick
Nickel Mines
Dome
Mines
Donalda
Elder
Mines
Mines
Eldona
Gold
Fontana
_
—
Ltd
_
_
423,800
21 %c
76 %C
80c
4.500
76 %C
Feb
20
20
21
1,245
18%
Jan
_1
_
Mines
1
Ltd
19c 24%c
1.56
6,900
1.45
Jan
1.60
3.9$4
8,500
3.30
Jan
1.27%
4,500
Ltd
(1945)
1.15
85c
85c
85c-
300
1.07
.
70c
Jan
Jan
1.27
90c
Feb
Blue
Ribbon
Jan
Blue
top
2,000
lie
Jan
16c
Jan
54,100
80c
Feb
91c
Jan
Bonville
Feb
Feb
Boycon Pershing Gold Mines—
Bralorne Mines. Ltd—,
Jan
Brand &
11c 13
84c
80c
9%c
8c
9%C
96,000
6%C Jan
*
1.67
1.40
1.92
82,200
95c
Jan
36c 37 %c
2,500
23c
Jan
38c
500
15c
Jan
18c
Jan
Brantford
41c
Jan
Gold
Mines
Goldora
Mines
Goldvue
1
_
Mines
Ltd
1
_
—
—
16c
16c
16c
9%c
1.92
_
—
Gold
Mines
Ltd
*
-»
—*
Cordage common
1
39c
38c
39c
94c
85c
95c
95C
Feb
Red Lake
Mines
11
11%
1,340
10%
Jan
11%
Jan
British
American
27c
27c
4,167
24c
Jan
27 %c
Jan
British
Columbia
OilForest
16,700
35c
Jan
5,500
75c
Jan
Hollinger Consolidated Gold
Hudson-Rand Gold Mines Ltd
Indian Lake Mines Ltd
1
1
23c
23c
23c
3,000
23c
J-M
1
4%c
4%c
4%c
1,000
3%c Feb
8V2C Jan
Consol
Jack
Lake
Gold
Mines
Ltd
Mines
1
Joliet-Quebec Mines Ltd
For footnotes
see
page 846.
11%
1
-Brazilian Traction Light dc Pwr
& Distillers-
1
luc
—
yc 11
73c
%c
45.000
80c
7,100
73c
Feb
Feb
23c
Feb
Brewls
com—•
13c
Jan
90c
Jan
"
--
23c
Feb
Jan*
12c
Jan
12c
10 %c
Feb
Feb
13c
Jan.
"
Feb
885
75
1.60
1,350
22c 23 %C
15,500
22c
Jan
Jan
8%
91
Jan
1.30
Jan
8%
95
Jan
1.90
1.03
87c
23,800
80c
10c
64,500
9%c Jan
11c
14
14%
200
14
15%
7%c
2,000
18c
22c
75,850
33c
38c
B
—
——
—
Jan
17 %c
Jan
Jan
Jan
Jan
Jan
8%c Jan
Feb
7c
Jan
Jan
30c
9%c
8'0c
Jan
23c
Jan
Feb
38c
78,020
1,140
28c
11%
Jari
11%
Jan
28c
30c
8,000
20c
Jan
30c
Feb
28c
39c
6,528
28c
Jan
39c
Feb
107
10
63c
73c
66,300
4.50
5.00
3,000
12
12%
175
26c
9%
Feb
107
Feb
63c
'Feb
107
Jan
76c
Feb
4.30
Jan
5.00
12
Jan
12%
Feb
20%c
Jan
26c
Feb
12c
Jan
15 %c
18c
Jan
19c
26
26%
10,000
17,500
1,150
25%
Jan
26%
Jan
38
250
37%
39%
Jan
38%
350
38
Jan
Jan
11c 14 %c
200,600
23%
165
Jan
40
7%c Jan
14%c Feb
21
Jan
23%
Feb
65c
Jan
85c
Jan
76c
85c
26,875
44
44%
350
41
Jan
44%
42
43
170
41
Jan
43
Feb
43c
52c
227,350
34c
Jan
,52c
Feb
Jan
189
713
186
Feb
Jan
187
189
8.95
8.95
100
8.00
Jan
43c
55c
30,100
33%c
Jan
1.10
71,400
88c
Jan
23c
28c
31,950
19c
Jan
13
13
30
12
Jan
13% Jan
22
30
22
Feb
22%
Jan
55%
55%
5
55%
Feb
59
Jan
9.50 Jan
Feb
55c
1.10 Feb
Feb
28c
35
25
35
Jan
35
Jan
20c 27%C
139.050
14c
Jan
28c
Jan
33c
37C
3,600
32c
Jan
39c
8c
35
Jan
9%C
5,500
8c
Jan
9%c Feb
16C 16 %C
13,500
14c
Jan
17c
Jan
13
13%
3,375
113/4
Jan
13%
Feb
2%
2%
125
13
16%c
13/4
13
200
22%
23%
4,500
--
23 A
16
25c
26
16
17
30C
26,300
25%
3
Jan
13
Feb
22% Jan
24
16
282
24C
Jan
Jan
2%
11
>
20 %c
25%
17
30c
Feb
Jan
27
Jan
r
8%
29
3
26%
1,315
3%C
4%C
3,125
15%
8%
8%
105
3%C Jan
15.... Jan
7% Jan
29
29
190
28
2%
3
1,075
90
....
2%
Jan
Feb
Jan
Jan
15%
40
•*
British Columbia Power class A——*
Class B
•
Class
'
—5
l
—*
^British Columbia Packers class A
4%C Jan
Jfc
}
'Brewers
Heva
55%
Millen
1
_
250
J
%C
84c
11c
1
1
Lake
]
50
*
*
preferred
Brewing class B
1
Goldbeam
*
*
Boojo Mines Ltd-—
Bonetal
Found Lake Gold
God's
Gold
Preferred
Jan
Formaque Gold Mines Ltd
_
Feb
1.30
10c
18c
22
8.9b
1
1
Mines
Klrkland
189
J
4.65 Jan
1.27
1.15
Jan
95c
100
Canada
Biltmore Hats common
Jan
3.50
1
_
21
1.50
3.95
1
Mines Ltd
Mines
19c
78c
•
__
Ltd
Sullivan
East
1
1
_
Lake
Jan
1.05
95
23
Bros class A
1
Red
Feb
Jan
97c
8%
--
Exploration & Radium
Beauiieu
--
A
5
Detta
Jan
38
2b
10
class
Cournor
Dennison
1.90
38
15 Ac
JO
Cortez Exoloration
Mining
Feb
27% Jan
15c
93
22c
10
Toronto
of
Beatty
Jan
27c
__
Feb
8%
107
-1
NoVa Scotia
of
Bank
Jan
1
10 %C
--
b°9
4.85
class A
Bagamac Mines —■
Bankfield Consolidated Mines
Rank of Montreal—
Jan
20c
a
_
Mines
»*
—
29c
34c
Base Metals
8c
1
Century Mining Corp Ltd
2bc
34c
,
40c
1
Ltd
18C
1.55
1.50
8%
--
33 %c
1.45
--
1.50, Jan
193
Feb
8c
32%; Jan
11%
class
Aumaque Gold Mines
Gold Mines
Jan
12c
44c
Jan
70
-1
10
Quebec Mines
Yellowknife
Auhelle Mines Ltd
Jan
7c
1
Corp
-
-
__
1.20
7c
Atlas
Feb
65c
34c
48c
Jan
-32
Feb
4,650
Steel
Atlas
Feb
18c
40c
7c
Jan
30
—1
Hardware
Athona
Jan
24c
32c
—
6c
Jan
205
—1
Mines
Mining
Bathurst
Consolidated
107
*
Armistice Gold
42
1
Diamond
Buffadison Gold
Cheskirk
Jan
106%
'
202
-*
100
Argus preferred
Warrants
2.00
6%c
1
Mines
Mines
&
23
Jan
7%
13 %
1
_
_
Mines
Gold
Bouzan
Brazil
Ltd
Mines
Gold
Gold
4T
Jan
-—1
2.00
.1
_
...
__
Mining
Yellowknife
Bonville
Jan
22
40
26%
1
Argus Corp Ltd common
Jan
13%
1
_
Limited
Gold Mines Ltd
Metal
37%
230
204
1
*
*
—,
—
Aunor
Base
280
25c
28%
100
1
Anglo
13 %
*
Aubelle
Band-Ore
40
22%
1
Algoma Steel common
121
_1
_
Ltd
Astoria
Aumaque
40
22%
-21% Feb.
—•
Algei
Jan
Astoria
Mines Ltd
Mines
21%
Jan
Ashley
Yellowknife
Alger Gold
Jan
18%
•
Jan
213/s
Stock*
Mining
18%
10,330
•
Gold Mines
22
Jan
25c
__
4
7,510
21%
1
Cons
Jan
24c
*
Ltd
20
60
P
1
£\"
Feb
21
21
•
Agnew Surpass
Akaitcho
High
21
19%
*
Gas
Acme
18%
90
120
4
common
19
645
21
120
0
_
Ltd
Co
—
—
.
__
22
24c
100
_
Ltd.-
Standard Clay
Arno
__
*
Ltd
Company
Southern Can Pow 6%
Woods
13%
12
55
21%
59
--
6 3/4
Bridge
12
110% 110%
1st pfd_20
cum
2nd
12
20a/4
21%
__
part
non-cum
Rand
12
9
Power Corp of Gan
6%
*
Ltd
Sugar
Low >
High
Jan
35
A
Nuclear
preferred
Acadia-Atlantic
Range Since January 1
Shares
21
■
$2.50 preferred
Feb
35
72
4
Ltd_
Co
Mills Ltd-
15%
29 %
21%
4
Ltd
Mount
Mount
13%
29 %
30
_
.*
—20
25
•
*
Sales
for Week
Range
of Prices
Low
Par
01.50
Montreal
Sale Price
Jan
com—*
^
&
•
103%
Week's
v
4%C Jan
15%
Jan
8%
Jan
Jan
29%
Jan
Jan
&-3:>
Jan
.'
qoMfitama
■;.sv*v
:•
Kit•X? ':v
r
:
THE
RANGE
Friday
U:
Sales
Week's
Friday
Range
for Week
Sale Price
STOCKS—
of Prices
Shares
British
Ltd
Porcupine Mines,
Bruck Silk Mills
ouiiaaicoit
Mines
uuiu
Buffalo
Ankerite
BUHUiO
Uiiau.au
Red
Buitalo
Gold Mines
Co
&
Class
Gold
Caider Bousquei
Canada
29
25
1.40
1.48
21,700
4.50
4.45
4.55
20c
Jan
34c
Feb
123,150
20c
Jan
50c
Jar.
30
375
Canada
Machinery
Northern
'Class B
a
12
50
11%
Jan
26
85
25
Jan
29
Jan
14%
14%
130
13%
Jan
15%
Jan
24c
Jan
31C
25C
33C
105,200
1.85
2.30
31,585
Canada
Jan
27C
34c
7,165
24c
2.91
3.50
23,550
6
290
104 104%
40
22
600
5%
-
30%
21
22
30%
31
100
25%
26%
52
Bank
common
mmmm
Feb
Feb
8
Feb
60
Jan
62
Jan
10'A
Jan
12
Jan
39
39
30
38
Jan
40
Jan
17%
17%
60
17
Jan
17%
Jan
Jan
198
195
71
188
Jan
15
15%
1,025
14
Jan
15%
Feb
48
49
335
47
Jan
49'A
Jan
78
Feb
87
Jan
21%
Jan
25 %
Jan
86
205
23%
50
8%
8%
110
Feb
9
Jan
22%
22
22%
1,675
22
Jan
23
Jan
25%
25
25%
1,105
25
Jan
26
24%
24%
25%
480
24
Jan
26
Jan
27%
28
200
27%
Jan
29%
Jan
25
25
25
24
Jan
26
Jan
mm,
14%
13%
15
510
13
Jan
15
Feb
Jan
19
Jan
—
18%
75
19
8%
18%
Jan
Industrial
Oils
4%
4 %
4%
5,175
3
3
10
2
Jan
4
Jan
50
45
50
70
37
Jan
50
Feb
21%
21
21%
4,250
19%
Jan
21%
Feb
24
Feb
26
Jan
29c
Jan
38c
Feb
Power
Gatineau
___
General
Steel
Gold
1
Mines.
25%
315
22
Jan
26
Jan
15
180
14%
Jan
15%
Jan
62
275
19
Jan
20
Jan
15%
15
15%
3,630
14%
Jan
16%
Jan
34
34
35
415
33%
Jan
37%
Jan
Jan
87c
Feb
80 %c
By
preferred
80c
87c
13,550
18
•
17%
18
520
72c
17%
Jan
18%
Jan
15%
Feb
15%
8,245
13
104 104'/2
15%
29
100
Jan
55
104
Jan
105
5
20
Feb
20
Feb
22
Feb
14%
20
*
20
*
22
22
5
2.85
2.90
200
Jan
21
2.20
Jan
Jan
2.95
Jan
1.40
Jan
2.20
Jan
1
2.85
Castle Treaiewey
i
1.40
1.30
1.40
2,497
l
2.10
2.00
2.10
5,260
21c
23c
7,400
20c
Jan
26c
Jan
20c
22c
5,000
16c
Jan
22c
Jan
10
10
80
8
Jan
11%
Jan
57c
65c
9,080
53c
Jan
79 %C
Jan
280,600
20c
Jan
33c
Jan
Mines
Central Porcupine
1
""itremaoiiA-
i
21c
Wines
*
Chemical
Research
1
Cheskirk
Mines
65c
i
28c
25c
33c
ChMtervillf- f .«rder Lake Gold Mines—1
Chimo "Gold Mines
1
4.00
3.95
4.10
4,913
,
1.26
Jan
Jan
1.96
Jan
3.80
4.30 Jan
1
Jan
Feb
.
.
....
Gold Eagle
Mines—
—
23c
21c
25c
18,600
21c
Feb
27c
Jan
18c
15c
20c
14,300
13c
Jan
23C
Jan
Mines
Goldora
Goldvue
Mines
Goodfish
_
—
_
Coin
200
15
Feb
14
575
12%
Feb
14
Feb
Feb
39c
35c
Jan
4%C
Jan
55
54%
Jan
55%
130
11%
Jan
11%
.....
420
24%
Jan
25%
Feb
21
25
20%
Jan
21
Jan
11c
11c
11c
11c
Jan
32
53c
._
Gold
—
1.41
1
1.15
1.46
1.45
97c
51c
89 %
88
1.35
Jan
Ltd
Huron & Erie
1.56
Jan
Indian
89%
1,340
84
Jan
89%
Feb
Preferred
170
Jan
International
48
116,542
19
19%
60
35c
35c
37c
2,500
47c
45c
47c
2,800
1.30
1.18
1.30
9,100
43
43
100
1.00
1.04
12,600
1.00
Jan
1.25
1.25
100
1.25
Feb
20c
22c
29,600
1.03
22c
15c
14,500
1,160
*
12%
25
92c
Feb
Jan
20
1.39
175
1.58
Jan
Feb
Bronze
i
v-
Distillers
Metals
International
Seagrams
Mining
10%
11%
2,585
10%
Jan
3.35
3.00
3.35
lie
14c
8,061
6,200
10c
Coal
Dominion
.#■;
Dairies
Preferred
Dominion
..
—
preferred
5c
6c
160,100
53c
37,400
48c
Jan
55c
Jan
39c
47c
71,595
36c
Jan
47c
Feb
40
Jan
45%
45%
2,760
lie
10c
11c
29,300
11%
11%
11%
60
45
.Dominion
107%
Jan
29%
Jan
30
Jan
34%
12%
14 %
16,685
12%
Jan
14%
Feb
15
14%
15
1,795
13%
Jan
15
Feb
8%
8%
25
8%
Feb
20c
24C
24,300
10%
10%
65
24c
class
Jan
84c
Feb
Jan
26 ?r
Feb
37%
Jan
38%
Feb
30
30%
395
29%
Jan
31
Jan
107% 108%
73
106%
Jan
108 %
2,910
34%
8,905
30%
*
A__.
4%
73c
25
45
pfd
100
Dominion
:
<ii
class
Stores
Dominion Tar
B
Donalda
1
Jan
Jollet
1
1
21 %c
28c
8c
Jan
15c
Feb
Kayrand
30%
Jan
31
Jan
Kelvinator
11%
Jan
12%
Jan
1.65
52,350
Jan
Kirkland Golden
2,775
1.17
1.30
Jan
2.10
1.70
70c
Jan
93c
Feb
Kirk land
16
Jan
19%
Jan
*
1.34
Jan
21%
Jan
29%
Jan
14 %
Jan
16%
Jan
10
Feb
10'A
Jan
32
Jan
85
105
14,560
13 %
Jan
17%
Feb
25%
26%
360
25%
Feb
27
Jan
Larder
25%
75
25%
Jan
25%
Jan
Laura
26
26
75
14%
15
270
13%
Jan
1.45
1.56
144.800
1.36
Jan
15
1.62
Jan
Jan
19,600
46c
Jan
57c
Jan
East Malartic Mines.
III
East
—1
3.30 Jan
10%
11%
440
10%
14%
110
14% Jan
20'A Jan
Jan
6%c
2.45
4.75
Feb
Feb
Jan
see
1.29
114,925
74C
83c
227,600
67c
Jan
90c-' Jan
-1
24c
23c
32c
53,100
23c
Feb
35c
305
__D
24%
25
60
-1
2.60
2.75
8,905
5-20
5.15
5.50
17%
17%
18
55
58
56
SSlSSiiSilSR
Jan
15c
Jan
Jan
33c
Jan
:
1.06
24%
Jan
1.29
Feb
Jan
MacMillan
Madsen
4.20
Jan
17%
Jan
995
52%
Jan
5.50
Feb
18%" Jan
67
Jan
i
II
Jan
21
Feb
12c
61,000
8c
Jan
13c
Jan
49c
120,300
35c
Jan
50c
Jan
12c
41,000
10c
Feb
17c
Jan
20
Jan
21
21
10c
285
495
4c
3%c
6,800
3c
Jan
1.30
Jan
1.31
1.38
3,350
9
25
31c
7,700
117,800
2.10
2.40
15,010
32%
200
32
30
31
279
30
3.60
81,985
35c
15,100
„1
30c
23c
■
22.%c
27c
1,700
3,925
-.1
2.40
Feb
Jan
33%
Jan
Jan
31%
Jan
2.61
i
"II
v
..1
Mines.—_
A
29c
Jan
3.10
Jan
4.20
Jan
3.45
4.30
4.50
6,445
25C
37c
150,000
2.25
1.98
2.25
22,916
1.85
Jan
18
18
100
17%
Jan
3.70
3.56
3.75
19,175
3.30
Jan
47C
3.700
43c
2.35
„1
-
,
3%c
.
Feb
Jan
Jan
21c
40c
Jan
39c
3.30
43c
3.60
Feb
30c
20c
Feb
Jan
Jan
1.85
4.50
-
Jan
Feb
Jan
3.40
:
Jan
Jan
1.25
1.08
18
Gold
—
-
9
33c
34c
Magnet Consolidated Gold...
Malartic Gold Fields!
Manitoba & Eastern
Feb
Jan
1.25
30c
1.40
9
30c
•
4c
29c
1:10
3.20
(H R)
Lake
19%
21'A
20%
3.45
_1
Mines
Red
Jan
1.25 Jan
43c
*
t,
MacLeod-Co'Tcshutt Gold Mines....
Feb
15%
21
32
.1-
Jan
13% Jan
2.30
Ltd—
Gold Mines..
MacDonald
2.75
1,830
Jan
11c
A
Macassa
25%
1,870
class
Macfie Red Lake
Jan
.
31c
Yellowknlfe Gold:
2.60 Feb
6,335
...
3.90
30%
page 846.
86c
Jan
1.22
.
Louvicourt Goldfields
21
20%
1.11
•
Jan
1.31
Class B
Lmx
20%
,
70c
Feb
83c
IIIII
Jan
8,300
9
Loblaw Groceterias
Jan
1.28
ShopsTI-IIIIIIl
37c
85c
3%c
—
Lineman Lake Goid Mines.
14%
20%
*
42c
75c
lie
Gold
Lexlndln
Jan
Feb
38c
Bros
12
-I
6.20
46c
20%
Candy
Lebel Oro
Lundward
.20
26
Jan
11c
"U"
Secord
Jan
—1
Famous Players
Fanny. Farmer Candy
For footnotes
Jan
14%
Falconbridge Nickel
i
42,350
1.99
Jan
Jan
5.50
43c
Little Long Lac Gold Mines
5c
24%
75c
Leitch Gold Mines, Ltd
50c
60
Feb
Feb
21
Levy
Jan
19c
3,525
26,000
4.00
Jan
46c
1.58
Jan
Jan
Jan
40c
1
Jan
47c
——.
6.20
Mines
I.UZ
25%
-1
^Eureka Gold
25%
5.70
Lapaska Mines
East Amphi Mines____
Crest
A__—
25%
5.75
16c
Jan
18
24c
class
2,000
4.00
15
Feb
English Electric
48,110
19c
Lang & Sons
Lapa Cadilac
Feb
_
1.69
18c
4.50
La
1.22
Gold Mines..
1.50
19c
1.69
Feb
Feb
16%c
______—
1.56
Jan
1.33
1.00
46c
3.90
Jan
3.70
Jan
200
45
3.45
38c
Feb
105
2.45
44,200
1.10
Jan
2.10
14
Feb
38c 43 %c
43 %c
10,000
Jan
7,600
16,550
Feb
87c
1.16
43%
6%c
Jan
12%
1,900
15%
104%
6c
34c
5,095
1.10
35
26
Jan
1,200
14%
55
Jan
Jan
42c
90c
87c
Shore
44
32,700
El Sol
Lake
105
25%
Jan
15%
Feb
26
Jan
55c
Rowan
Lake
17%
26 %
Feb
13
12%
Lake Wasa
27%
Jan
39c
40c
40c
13
Jan
25
24c
Jan
27,000
Gold Mines__
95
33,900
14,600
Jan
20c
Mines
26
42
114,000
9%
1.39
Elder
25
39
14c
33%
Feb
1.22
Eldona
Jan
24c
27c
Jan
Lake
105
10%
Jan
95c
Jan
10c
Jan
27%
Feb
43%
—
9c
Feb
13 %c
24c
8
25
Steel
Jan
70c
79,740
10c
30
16 %c
Eastern
7c
58,210
23c
26c
30
200
19c
Easy Washing
Eddy Paper
4,366
80c
20c
Fortune
45
31%
1.31
Mines.
8c
70c
8c
31%
i
Sullivan
7%c
Labrador Mining & Exploration
Laguerre Gold Mines
Lake Dufault Mines Ltd
East
^,1
8c
78c
Labatt (John)
Jan
275
—.1
Feb
25'A
Jan
28 %
L9
1.54
Jan
55c
Jan
1.12
18%
135
27%
l
19c
Jan
1
2,918
9
II*
Feb
—1
Townsite
21,840
27%
—...
13c
42c
1
Gate
21
•___'*
100
4,100
129,029
1
Lake
Kirkland
30
44
15c
55c
1
1.30
10
Jan
13c
45c
1
28%
16%
15c
13c
Bay
20%
16
Jan
51c
Gold Mines
Hudson
28%
1.29
20%
8c
1
Kelwren
1.50
61,800
30,500
•
Co
Kirk
Duyay Gold Mines
-
Quebec
*>rr-Addison
18
Jan
13c
1
Mines
Kenville Gold Mines
93c
90c
i
Walte
Jan
*
Duquesne Mining Co..i
■-xvAXi;
Jason
Feb
*
Mines
Jack
Feb
Feb
___25
preferred!
Dominion Woolens
:
Jan
1.25
85c
*
new
1.05
•
26c
T C
:
Jan
Jacknif©
Jan
85c
Feb
Jan
11c
12c
Feb
Jan
17'A
Jan
16%
48c
Jan
Jan
17%
37%
Jan
16,300
Feb
9c
1.65
Jan
14%
79c
16%
Mining
Feb
72c
37%
18c
Jan
30
14%
1.50
11/
7,250
36%
43
Feb
26
16%
Feb
Jan
10%
84c
37%
Feb
24c
38%
1
1.18
Jan
38
76c
•
43
Feb
20c
25%
83c
*
45c
8%
*
Petroleum
1.75
100
Steel
Feb
35
Uranium
55c
50
Jan
Jan
20
114
International
6,800
*
preferred
Feb
13c
12%
29%
International
30%
Inv
Feb
11%
Jan
110
International Nickel Co common
542,000
10
Preferred
9%c Jan
6c
29%
Jan
1,052,150
35
Dominion Scottish
Jan
5c
114
Feb
85c
25
common A.
Jan
49c
Jan
19%
26c
Foundry
Dominion Malting
Feb
45c
38c
2.10
80c
common
&
Jan
3.35
14c
50c
55c
60c
Dominion Magnesium
^
12c
10
Dominion
:
11%
Jan
Jan
2.75
5%c
Jan
19c
*
21
Jan
14c
Jan
2.02
II
Bank
Feb
96c
11%
16%
2.10
_•
Jan
1.40
Feb
29c
19 %c
Mines Ltd
Dome
Dominion
14c
86c
common.
80c
Jan
1.12
25
Milling
.1
niyarslfifd
7,900
Feb
6
1
a
common.
a.
-1
Yellowknlfe
discovery
■
1.20
23
1
a.
—
International
173
-1
1.15
£
Lake
Inglis (John)
Inspiration Mining & Devel
30%
Dickenson Red Lake A.
Feb
10
•
Jan
1.58
_1
35c
100
common
Feb
i
—;
Jan
1
60c
170
100
Mines.
16,500
29c
•
A
Jan
1.20
*
Lake
35c
•
Hudson Bay Mining ti Smelting
Jan
12%
Nickel
Jan
32c
i
Hugh Malartic
Jan
30%
Detta Red
13 %c
1
—
15%
•
Oemson
Jan
1
Gold Mines
63c
Davis
Delnite Mines
10c
1
Yellowknlfe
50c
480
171
______
Jan
16,500
Jan
Jellicoe
Class B
Feb
1.45
12c
B
Gold Mines
18,436
*
:
21 %C
Jan
lie
1,075
Home Oil
20,500
'
1.30
class A
Jan
1.04
23,088
23
Bollinger Consolidated Gold Mines
60c
19%
82c
60c
1,950
Davies Petroleum
Leather
17c
1.45
21
•
1.00
19
*
*
WP;>
10,700
Jan
23
Hinde & Dauche
Imperial Tobacco of Canada ordinary.S
1
Feb
17c
18c
Feb
D'Aragon Mines
11
Jan
10
10c
Jan
1
Jan
Jan
14 %c
Jan
40c
Gold
65c
Jan
35c
1
Patricia
Jan
Jan
Feb
Cub Aircraft
50c
8C
Jan
____i
Crowshore
9
35,900
17c 21 %C
1.32
Feb
Feb
Jan
14c
Jan
Crotnor Pershing Mines.
Crow's Nest Coal
1,280
Feb
5.50
8
70c
38c
common
21,120
11
16c
Jan
5.00
5,000
43c
Ci'cotaurauni
65c
10
55c
Jan
Jan
4%C
9,500
26c
Cournor
5,495
19%
10c
Jan
203,730
1,800
-
100
9
4c
10c
17,700
—-
5.50
8'A
19% Jan
7%c Jan
96c
37,200
<"V)nweBt Exploration
3,500
3c
40c
Mining & Smelting—:
5
Consumers Gas (Toronto)
.10(1
50
3,600
10c
51c
wunouiiaateu
Jan
9c
92c
29c
1
16%
4%
•
48c
Cadillac Mines
Jan "
14c 15 %C
1
_
38c
Bakeries
Jan
15%
Feb
Jan
5%
•
_
...
*
Hunt's
57c
19%
34%c
1
Gold
Howey
Jan
7 %C
12c
Hiehridge Mining
Highwood-Sarcee Oil
Homer
42c
2,330
20 %c
Headway
Heva
Feb
54
Feb
14 %c
1
Mascot
12
Feb
5
16'A
11
1
Gold
Jan
54
19,100
62c
.1
Mines
10
25
5.50
*
Mines
100
5%
53c
9
Mines
Hasaga Mines
Feb
4%
8c
•
Carpet
Feb
78%
15%
15%
.1
_
34%
Jan
1,160
12
54
50c
Jan
19%
.1
Jan
24
4,793
12
5
lie
63
10,050
78%
54
54
2,000
34%
70%
1
Bridge
Harricana Gold
28%
76
4
_
_
Hedley
Jan
25%
1
Hallnor
Heath
Jan
Jan
21
•
_
_
Harker Gold
8%C Feb
113
24%
27c
Consolidated Beattie
rorrusated Box
55
11%
Feb
105
25
49c
•
Central
54%
_
Preferred
Consolidated
165
21
28c
*
—;
%: Consolidated
29,900
106
11%
..1
poniarum
57,300
8%c
105
54%
Mines.-———1
WftwknlB
40c
5%c
4
preferred
Rock
Jan
42c
37c
6c
106
Imperial Bank
Imperial Oil
Commonwealth Petroleum
M;;.
Jan
51c
>i;.A..
I./,.:
18%C
Feb
*
Lake
Pnlomar
15%
Jan
4
common.
Swayze
Feb
15
13c
50
Halliwell
Jan
12 %
36,800
•
_
Hahn Brass
3.35
14
17c 18 %c
Jan
1
_
__
_
Saddlery
West
15c
*
17c
•
Preferred
Jan
—
Jan
4
Feb
Col
Jan
3.30
_
_
_
Bousquet
Harding
50c
Feb
2.80
4
_
_
Lakes Paper common
Hamilton
74c
Jan
•
Preferred
Halcrow
Feb
37c
14.075
50
.
class A
class A
Graham
51c
20,900
1
.
__
B
Class
Grafton
40,800
42c
3.05
CJ
Preferred
Gordon M.Kay
59c
38c
2.80
1
-
-
..
_
Goodyear common
Hard
51c
40c
2.95
1
—
Manitou
Golden
Great
51c
1
1
1
Goldhawk
Golden Arrow Mines
Great
Jan
1
—1
Goldcrest
13c
a'iuw
Jan
1.92
Feb
Coc-oUUC,
Jan
6.50
22c
14 %c
15 %
Jan
Jan
Jan
Feb
5.85
Jan
11c
7
6,141
18c
11c 14 %c
Feb
6.40
57c
13c
6
Feb
6.10
8,500
i
2.90
6.35
443,992
Sitalam
145
18%
22c
Hosco
7,450
Jan
1.92
_
Homestead
7
17%
21c
Jan
13c
150
1.40
Jan
3.35
Jan
18%
1.67
61c
6
5%
•
90c
13c
Jan
1
Jan
3.10
4%
God's Lake Mines Ltd
Feb
3.30
Jan
110%
285
Goldale Mine
50c
1
Feb
19
Jan
5
110 110%
5%c
70c
♦
Jan
110
4%
20c
15
"
17
15
Jan
Feb
20,400
Gold
350
3.25
Jan
55c
common
19
Jan
2.90
4c
70c
Willans
24,700
18,015
15c
50c
Oils
38c
3.10
Feb
12,300
70c
Cochenour
33c
4%
16,000
52c
Cochrane-Dunlap
i
Class A
Jan
4
Jan
12
5c
7Cc
Coastal
Jan
Jan
18c
*
57,750
1,625
11%
Jan
4c
Chromium
_
Jan
7%
15c
_
—
24
61
7
9%c
4%c
Gold
Gypsum Lime & Alabustine
14%
Jan
Jan
*
Gold.
Lake-Porcupine
Gillies
Jan
•
9%
130
Feb
7%C
2.98
*
common..
Jan
18
__
Yellowknife
Giant
110
*
Wares
20
24
Jan
8%
119
18
100
_
Bakeries
General
35c
3.05
•
common
preferred
5%
Feb
25%
_
24
*
61
Cariboo
3;s
25
•
43
B
Chateau-Gai
12
—
Jan
_•
Gold
12
-100
—
_
Jan
Wallpaper class A
Patricia
20
4
Gold
59
*
Pacific
7
Exploration
41
com
Utilities
7
_
35
A—*
com
23,950
o
A
29
Canadian Malartic
central
_
42
common
Alcohol
9%c
Co
Foundation
Francoeur
-
61
Locomotive
f;
Canada class
cf
Ford
Greening Wire
*
Canadian
8c
•
—
__
42
*
Products
Oauadian
Canadian
26 %
75
78
9%c
common
_
61
^
Canadian
Jan
370
21%
1
•
Bissell
Preferred
•
Dredge
Fuou
Canadian
Jan
24%
275
78
375
Mfg & Aircraft
Fleet
Fleury
Gunnar Gold
common
A
Canadian
30
Jan
8
21%
1,457
130
_
__
100
Celanese
Preferred
Canadian
Jan
3i
190%
•
Canadian
23%
62
48%
•
Class A
Canadian
Jan
19%
9
128
_
Ltd common
Fittings
High
8%
-
_
_
Low
8%
129 %
"
Glenora
11%
8
mrnm
•
Fdry common
dc
Jan
61
20
preierred
Car
105
104
•
—
1st preferred i
Canadian
Jan
Jan
Feb
5%
6
•
Canadian Breweries common
cauuera
Feb
3.50
10%
8
*
Commerce
ol
Feb
34c
10
Bakeries
Canadian:
0
17%c Feb
8
*
A
Feb
2.30
Jan
2.30
—
_
Kirkland
Range Since January 1
High
100
common
Feb
33c
Jan
*
class
Canadian
Class
10c
•
B
Class
128,325
Preferred
Federal
Frobisder
Jan
1.70
11 %C 17%c
—
50
Wire
Class
—
100
Steamsmp common
Preferred
12
2.30
*
Canada Permanent Mortgage
Canada
Jan
25
*
,
Jan
12
*
Canada Packers class A
32
14%
"
100
Power
Jan
12
•
Malting
Canada
29%
Grain
Federal
Jan
4.60
Jan
72,300
50c
29 3A
Low
—
34c
•
A__js.
Jan
1.48
Jari
40C
20
class
Foundry
4.20
Jan
28c
__
*
common
3,275
29%
Feb
40c
100
Canada
$
Jan
3.30
preferred
Canada
IT
45c
1
common
Cement
Conv
Jan
33c
Lake
Red
Eread
Canada
,
40c
14 %c
preferred
New
9,975
.—1
Campbell
..
45c
1
Calmont
New
Feb
31'/2C
-1
•
—
<fc Edmonton
Calllnan Flin Flon
Calgary
22 %c
1.45
•
•
A
class
B
Jan
25
*
Burlington Steel
Burns
15c
1.25
Shares
*
79,700
25
for Week
of Prices
Par
High
42c
1
•
Mines
Lake
Proouiia
Building
January 1
Low
i
Sales
Range
Sale Price
STOCKS—
16c 22 %c
22C
•
1
—'
1
•
*
OH
Dominion
Brouiao
Since
Range
High
Low
Par
Week's
.
Last
East
'
% f
WEEK ENDING FEBRUARY
FOE
,
LISTED MARKETS
CANADIAN
T " *•
Monday, February 10, 1947
CHRONICLE
COMMERCIAL & FINANCIAL
.Jan
Jan
2.10
2.45
20,850
1.98
Jan
3c
3%c
24,500
3c
Jan
3.60 Jan
4.85
37c
2.25
19
Jan
Feb
Feb
Jan
3.95 Jan
52c
2.45
Jan
Feb
3%c Jan
«
f
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 165;, Number-4567
'
|
|f:
-
'
-
.
1
'
843
"
CANADIAN
RANGE
FOB
LISTED MARKETS
WEEK
ENDING
FEBRUARY
7'
"
'
—|
'
;
——
"
Friday
Week's
Bang®:
of Prices
Shares
Low
*
III
Marcus Gold.
—l
14%
STOCKS—
14%
•
7c
1,175
6c
Jan
7c
Feb
'
1.12
46,400
85c
Jan
1.15
Jan
5
.20
lie
15c
34,500
9c
Jan
15c
/
Feb
20%
—
19%
20%
10,863
18%
Jan
20%
Feb
J
Shea's
Winnipeg Brewery class A_.
Sheep Creek
Sherritt-Gordon
30SA
29%
1,435
28%
Jan
30%
45
17%
Jan
19
Jan
140
10%
Jan
11
Jan
Silknit
30%
26
24%
26%
1,286
23%
Jan
104
104
35
102%
Jan
58%
—5
McKenzie Red Lake
1
McLellan
7c
8c
4,000
57%
59%
365
1
6%c
26%
59% Feb
Jan
35,525
80c
Jan
94c
3c
2,000
3c
Feb
3c
Feb
56c
61c
32,667
51c
Jan
62c
Jan
20C
20c
.
Feb
—
87C
90C
;
56c
McWatters
*
Mills
Mercury
Midland & Pacific Grain Corp—
Milton, Brick
Modern
'--
.1
—
Container
18
18%
155
6c
lie
34,600
16 %
2%
9.80
19 %C
16%
2%
3
9.85
3,480
Tool
Works
loo
Monarch Knitting common
15c
Jan
16%
19
lie
18%
Feb
3%
Jan
Jan
2% Jan
9.00
Jan
19 %c
v
10.50 Jan
Feb
.
21c
Jan
13
Jan
14%
20
Jan
21
Feb
Jan
Feb
9
Feb
18
Jan
•
Bladen
Malartlc
r
*
,
Southam
8%
9
370
17
17
17%
605
7%
17
43c
11%
12
8
8%
Porcupine
1
72c
36,750
55c
Jan
72c
Feb
19
19%
2,105
19
Feb
19%
30%
53C
*
"
it
11%
22
22%
1,395
20
Jan
National
73
Standard
Paving
6% Jan
125
30%
90
Preferred
Feb
73%
Jan
9
9%
103
103
103
7%
8
23
18%
■
160
1.19
1.10
5,000
20,095
75c
7,100
21c
Jan
20,300
29c
Jan
37c
Jan
17%
561
13
Jan
14
Jan
18
%
19
750
17%
Jan
29 %
29
29%
730
29
Jan
12%
—20
Mills class A_.
.25c
Petroleum
•
A
12
12%
295
9%
30
14c 15 %c
4,000
New Marlon
"
•
24
29%
24%
2.10
2.20
9c
8c
10c
100
405
102
Nib Yellowknife
Jan
16c
Jan
Sylvanite Gold Mines
Jan
1.30
44c
56c
91,507
37c
9c
5,500
8c
16c
15c
Jan
8c
2.25
Jan
12 %c
Jan
Feb
1.99
1.25
1.45 Jan
Jan
Feb
56c
Jan
Jan
9%c Jan
15c
lie
Nipissing Mines
Jan
Noranda Mines
17c
13c
14,000
10,500
Jan
10c
8c
Jan
13c
400
1.90
Jan
2.02
Jan
46%
Feb
54
Jan
63c
Jan
83c
Jan
51
46%
51
8,622
72c
Norbenite Malartlc Mines
22c
63c
78c
112,900
17
86
86
150
17 %c 19 %c
7,800
46,325
24c
9c
Jan
9c
Gold
28
160
3.40
3.25
3.50
5,200
45c
48c
52c
Mines
Thompson-Lund Mark Gold Mines
1
*
Hi
Toburn
54c
Toronto Elevators
Toronto Iron
Toronto
new
Works
common—
A
*
11%
*
—
Mortgage
100
Towagmac
Jan
Jan
34c
Jan
Transcontinental Resources
Twin City common
27c
•
Jan
*
Jan
65c
Jan
6
O'Brien
Gold Mines
Okalta Oils
•
O'Leary
Omega Gold Mines
Omnitrans Exploration
Ontario Beauty Supply
376,825
2.45
2.15
2.67
1.62
1.70
52,100
55c
46c
60c
13,700
Crush
19C
19c
19c
2,500
14 %c
18c
10,500
1
He
14c
II,400
*
2%
2%
495
20
20
25
22
21%
22%
2,293
18C
14%c
18c
common
Gold
Mines
-1
Orlac Red Lake Mines
-1
62c
58c
67c
Oslsko
-1
1.97
1.65
2.10
Lake
Ofiiake
105,217
__1
57c
56c
63c
6
Mines
Pacalta
5%
6
450
8c
Petroleum
1.13
6c
8c
1.14
1.00
10,500
32
—
Page Hersey
31
32
7,700
1,378
1.52
1
•
Pamour Porcupine Mines Ltd
Pandora Cadillac
1.50
1.58
10,729
5%
6%
Jan
1.85
1.70 Feb
2%
2% Feb
Feb
Feb
Feb
20
18%
Jan
22% Jan
14c
Jan
18c
11%
1,050
1,448
12%
Jan
55c
4%
.6c
-
Jan
65Q
.
t:/
.,
6
37,900
103% 103%
85
Waite-Amulet Mines, Ltd
21c
Partanen
Malartlc
Westeel
Jan
1.14
31
Jan
33%
Jan
New
1.70 Jan
Consolidated
Perron
Gold
Ltd
1
Gold
Crow
Pioneer Gold
11c
Jan
20c
Feb
17c
Jan
23 %C
Jan
Wiltsey-Coghlan
4,000
10c
Jan
12C
Jan
Winchester
Jan
5%c Jan
2,500
53C
32,000
50c
Jan
56c
Jan
23c
27c
127,400
22c
Jan
29c
Jan
1.30 Feb
Jan
ol
1.30
6,500
13C
13c
15c
10c
2.82
Jan
3.25
3.45
Jan
4.00 Jan
1
Mines
Mines
1.22
B C
3.20
3.00
3.20
3,633
2,650
1
3.90
3.80
3.90
5,000
15c
Jan
Jan
Jan
2,004
19c
9f100
50
1
Powell
River
•
Powell
Rofiyn
mil
Premier
Gold
Pressed
Metals
East
35
33c
.
1,100
41c
39c
34%
6,500
35
670
27c
Jan
37c
38c
41c
Jan
33%
Jan
35
Jan
Jan
-1
._i
Dome
—i
Proprietary Mines
Purdy Mica
Purity Flour common
1.67
Feb
1.25
1.67
93,495
83c
Jan
1.25
1.60
42,800
71c
Jan
12
15
225
12
Feb
15
1.26
1.21
1.27
3,700
1.21
Feb
1.40
415
3,000
2,160
2.40
2.60
15,824
10%
12
9.10 Jan
12
FebU
Jan
22c
Janf
10c
Feb
18c
25c
Jan U:
25C
25c
2,000
20c
Jan
25c
4.75
Feb
4.70
4.95
8,090
4.40 Jan
257/a
24%
25%
8,913
25c 30 %C
18,100
30 %C
20C
12%
11%
12 »/4
735
9%
Jan
12 %
*
1.78
11,625
1.65
1.92
110
12%
Feb
14%
Jan
15C
6,700
13c
Feb
20c
Jan
13%
730
13%
54%
54%
50
Jan
Jan
13%
54%
Jan
95c
1.00
7,041
90c
Jan
1.14
107
19%
18%
20
8,983
18%
Jan
21%
Jan
Andian
Reeves Macdonald
III
1.55
1.55
600
1.30
Jan
1.55
Feb
Asbestos Corp
British Columbia
—1
66c
62C
72c
—1
47c
38c
47c
•
33
34
61,360
55,30g
III
20
21
15
41
21
common
107
10
18c
26c
43,400
54,000
16
14%
16
99
99
13 %c
17c
33,000
20
5'AC
-100
——
——
3.30
42
40
8%c
10 %C
12c
10c 10 %c
3,000
2,500
55c
Jan
72c
Feb
36c
Jan
47c
33c
19%
40
Feb
38C
Feb
Jan
21
42
Jan
8%c Feb
12C
Feb
Jan
lie
Jan
10c
Class
A
St Lawrence
Band
River
Mines Ltd
35c
Jan
14,200
49c
Jan
24%
24
25
23%
Jan
25
Jan
16%
19%
1,015
1,289
52c
71c
128,000
12%
13
1,585
106
106
10
106
10%
13%
42%
38%
42%
3,140
1,740
100
125
123%
125
95
1
4.30
4.20
4.30
13%
1
—i
9%c
9c
10c
2,506
12,200
20C
22c
29,800
11
12
275
-*
1
58 %c
52c
60c
22,300
8bawlnlgan
•
24
23%
24
643
Shawicev
J
33c
33c
39c
10,400
58c
1.03
Pulp
common..
Brown
Co common
1
Jan
16
Feb I?
98%
Jan
99%
Jan
17c
Feb
130
130
25%
100
3.20
3.32
6,550
24c
500
13 %c Feb
130
24%
3.05
Feb
130
Jan
|
?
J
i
f
1
Feb
25% Jan
Jan
20c
i
3.40
Jan
26c
j
Jan
!
Jan l
j
13C
2,500
10c
Jan
13c
Feb
:
14
15
i
555
14
Jan
15
Jan
■
I
36
36
2,800
35
Jan
41
Jan
&
Industries
•
Sugar
common
Marconi
♦
Vickers
II100
Lumber
19%
Feb
Jan
71c
12
Jan
13
Feb
Dalhousie Oil
deHavilland common
105% Jan
9% Jan
106
Feb
Dominion
a
Feb
Bridge
Oilcloth
Jan
Jan
Feb
Dominion
42%
Feb
Donnaconna Paper
Foothills Oil & Gas
4.50
Feb
Jan
7c
Jan
10c
Jan
19c
Jan
25c
Jan
11
Feb
12
Feb
50c
Jan
Consolidated Paper
13%
125
64c
Jan
*
*
inn*
Sales
High
Hi
50
13
Feb
14
J an
225
27
Jan
31
:•! Feb V
63%
59%
63%
195
48
Jan
63%
165 169%
85
160
Jan
169%
f
Feb
j?
4%
81%
85%
856
21
20%
21
1,155
\ 14
x
35
14
Feb
21% Jan :
15% Jan t
23%
25
660
20
Jan
25
2%
5%
3,539
4%
Jan
am*
23%
Jan
25% Jan
Price Bros
Jan
42c
Southwest Petroleum
20%
85%
,
Jan
2%
2%
1,200
Feb
30%
145
26
Jan
32
144
144
15
138
Jan
152
2%
3%
3%
3%
19%
18%
19%
5,650
3,855
49c
34c
49c
5,000
20
20
330
13%
Jan
36
36
25
32%
Jan
—
3%
17%
32c
Jan
39
40
19%
18%
19%
1,180
2.50
2.25
2.50
6,830
24
30
1,070
3,465
VI
—in*
iiiii*
inn*
52%
50%
52 %
20%
18%
20%
c
5c
3.05
nn>
1
29c
—
Jan. A
40
19%
2.50
60
100
54%
500
22c
Jan
10c
Jan
29C
29c
lie
1,500:
5C
:
Feb!;
55% Jan
Jan
20 •%
Jan '
2.95 Jan
Feb
Feb
Feb r
30
Jan
17
3.10
10 %C
Jan Ua
Jan.,
Jan
48
1
20
1.90 Jan
3.00
■0
Feb
V.
36
38
60
_
Jan
.
Jan
17%
6,990
l,?no
1,450
•
Jan V
3%
49c
;
23% Jan
15
Janf
^
Jan4
19%
.
Jan
Jan
Feb If?
Feb;*'
:"r Feb
3
29 %
144
*
-
5%
77% Jan
•
-
v
Feb?
5%
85%
iii—1
common
—
O'pJlIe
Low
13
*
Minnesota & Ontario Paper
OH Selections
nrt
High
♦
Hayes Steel
International Paper
P
,v*
Range Since January 11
31
«
-----
i
M-'i
\n
27
•
31c
Jan
Low
*
common
Jan
4.10 Jan
Week's
Shares
Canada Vinegars
Canadian
14%
36%
If
.
'
14
100
Dominion
40c
117
\
25
Preferred
Canada
*
III100
Preferred
TemJskaming
For footnotes see
page 846.
13%
50
13
Preferred
Canadian
Western
290,050
70c
20c
Gold
Jan
——
Canadian
58c
68c
•
VTinPS
Sarnla Bridge
Senator Rouyn Ltd
Jan;
18c
4,760
for Week
0
Jan
50c
60c
._50
Paper preferred
San Antonio Gold
108
Jan
Range
National
Feb
50C
100
Jan
14%c Jan
29c
of Prices
Par
Jan
Jan
19 %
Saguenay Power preferred—
St Lawrence Corp common..
"Jan
37% Jan f
31
Feb!
Jan
Sale Price
STOCKS—
Jan
70c
Rush Lake Gold Mine.
Russell Industries new common
vi.
15c
25%
12 %C
15
Feb
Canadian
.10
105
107
14 %c 16 %c
common.
Jan
Royal Bank
Royalite Oil
Jan
») Jan
38
Jan
28
Last
97c
±
35
965
29
Canadian Fin*
-.1
Co
36% -Jua
225
15c
Jan
Queenston Gold Mines
Quemont Mining
Oils
445tr
31
25C
Friday
Roxana
38
35%
30%
.
Feb; i
25
riFeb
Toronto SiiDCk Exch ange-lGurb JSect ion
Feb
55
13
1.15
Rouyn Merger Gold Mines—
27
Jan
12%
13c
13%
1.70
12%
1.75
1.20 Jan
-_1
(.
a*
H.
Jan
Roche Long Lac.
<■
23c
Jan?;
'3
23% Jan
35
31
—
Jan
Rochette
385
,
30%c Feb
17c~-Jan
.
f
Feb
95c
*
.H
Jan
37%
,
6s
85c
A
29
Jan
22c
.185
27
24
4,95 Jan? I
26
Jan> |
BONDS—
Uchi
9,100
class
1,500
25
29
York Knitting common
5,300
B
20c
24c
99c
Class
20C
25
Yellorex
1.15
Robertson
-
16c
Wright Hargreaves Mines_,
97c
Silk
Jan
2.65 Jan
2.37 Jan
2,400
5
1.00
Rj'°r9ide
Jan ?!?
9%
6,500
__1
Wool Combing
99c
—
Feb
8c
5,417
—i
Mines
preferred
1.00
Gold
8
Jan
19c
—3
Alex
—1
—
9
48% Jan; ?
13c
m
Winora
__1
Regcourt
Jan':
18c
100
Ot.">er
Rich mac
Jan?5
21
5% Jan
6%c Jan
8
8c
;
21c
Jan
46% Jan
6
100
Larder
Quebec Gold
*
10% Jan
Jan
Jan
-40
Manltou
9% Jan
15c
20
-
-
185
9%
Feb
Hi
.10
Preferred
48
9%
—
Preferred
Feb
1.60
1.60
•
—
:
Feb?.
Jan
1.55
certificates-
trust
Corp
Preston
33c
41c
15
common
Voting
Power
1
48
7c
Ymir Yankee
Porcupine Peninsula
Porcupine Reef
1.10 Feb
15%
10c
%
Winnipeg Electric
Wood
Jan
13% Jan
lie
ioo
26,700
1.25
Piccadilly
10%
20%
•
com
common
24,500
51c
new
Preferred
lie
1.14
9%
17c
•
New preferred
Weston s
20C
4'/aC
Febr
103% Feb ft'
21% Feb; /.
21% Feb';
■:Xf
20%
—
class A
23c
3c
91c
Feb::
30c
19c
——1
Products
15C
24c
Mines
25
11%
♦
20c
4 %c
116
Jan
103% Jan
21% Feb
21% Feb
5
2.60
*
Western Grocers
Jan
1.40
52C
Paymaster Cons Mines
Pen-Rey Gold Mines.
15%
12% Jan i f
Jan
18c
20,800
15
Jan
111
19
1.10
8
•
West Malartlc
Feb
84c
21%
Feb
J?m
12
47
30c
:
J-
—1
Wekusko
8c
Jan
Jan
Jan
„1
Walker-G & W
Jan
1.40
12
■
III
Vicour Mines
Villbona
Vulcan Oils
Jan
2.26
Jan
100
116
23c
8c
1
1.20 Jan
11% Jan
■VI
9%
•
Feb
67c
Jan
1.50
Jan
Feb-;
11%
20C Jan
Ventures, Ltd
64c
21%
*
•
Canada
Jan
15,800
1.00
25
Steel
.
43c
64c
48
Jan
Jani■
21%
50
Jan
6%
60c
17c
*
1.00 Jan
28
Jan
1.21
12%
Jan
45c
20%
1
82c
25,800
21%
10%
Mining
Upper
Feb
if
3.65 Jan
15%
Co
United Oils
Jan
14c
if
Jan
2.75 Jan i
Jan
1.03
—
United Corp class B
United Fuel class "A"
Class B
United
20
58c
Gas
Union
Feb
Jan
Jan
9c
Union
21c
Jan
15c
—
rights
60c
Jan
13 %c
Feb
2.67
Jan
1.30 Jan
44c
Jan
Feb
76c
Jan
40C
Jan
100
—
IOC
15c
Paramaque Mines
Parbec
Pickle
25,400
267,733
11,200
Ottawa Car
Pacific
59,380
*
common
5%
75
76c
16C
*
Preferred
Orenada
5%
55C
1.68
1
Ogama-Rockland
Orange
5%
57C
Rouyn Mines
5%
5%
Preferred
Norzone
6%
Feb
B
Jan
75c
575
Jan
30c
3.25
53c
Fetf
7c
8,500
Jan
2.25 Jan
2,100
115
1
Traders Finance preferred
A rights
•
1.21
—1
12c
16,000
Jan;!
2.84
2.25 Jan
23c
-
Jan;'
10c
6% Jan
2.74
JanU
Jan !
Feb
24c
26% Jan
50
24c
6
Feb
6%
I,900
75c
1
Feb
2.65
8%c Jan
1.00
31,400
8%c
22c
97c
14c
7c
1,600
1,000
6%
29c
71c
2.02 Jan '
27%
com—
25c
8c
82
89%
28
common
Taylor Pearson & Carson
12 %c
75c
i
Jan
Jan if
.
21 %c
97c
Tamblyn (G)
Teck-Hughes
13c
North Star common
f>. (
Taku River
27c
Northland
19
Feb
8,860
North Inca
Northern Canada
7% Jan
7% Feb
Jan
28,850
21,700
Norseman
10c
Feb!
1.06
Jan
30c
15,000
15 %c
>>'.
--'tp-
16c
2.60
54,448
2.05 Jan
'
Jan
86
28c
1.90
Jan
80
,
2.35
7%c
Feb
.
Jan,"
2.70
1.80
1.70
16%
145
2.60
6%c
6%c
Feb
,
Janv
29 %c
7c
:
265
-
-
1 2.65
2.55
.
..
82
22c
Jan
103
Jan
1
1.85
Normetal
7
88c
50o
Jan
1.95
15c
Jan""
—1
Thurbois Mines
1.95
..1
Nicholson
100
Jan
9% Jan'' ^
8
22,367
Jan
25
' '
23
7%
1
10
Jan
78c
6% Jan
1.05
2.31
1,25
*
•.
.19% Jan
6% Jan
455
:
18% Jan
Jan
820
1
6%
9C
—1
Cons
Jan
23
Jan
wail.
Jan
8% Jan
15
97c
86
18c
2.58
Mines
Surf Inlet Consol
Gold
32
1.25
8c
Sullivan
Feb
9,450
57,300
6,300
83/4C
Mines
Jan
Jan
29
Feb
335
81
III25
Jan
8%
56c
Mines
Gold
Gold
29
29%
Jan
i-i"- ,'rt-
Jan
Feb
,
'
933
17
Sturgeon River
Sudbury Contact
13
11% Jan
12c
1.25
IIII
Bidlamaque
New Calumet
29%
24%
Car
Negus Mines
Newnorth
15 %c
2.15
Steel
1.00
steep Rock iron Mines
19'/a
..
.
70c
'
"
7%
1
Steeloy Mining Corp
14
i
Jan
53c
Jan
97c;
^ iv.
.
v
6%
Preferred
24c
36c
I
-.7.
Jan
68c
48c
72c
Steel Co of Canada
common-
Jan
25c
32
105%
*
22c
B
National Sewer class
New
69%
Jau ^ I
28%
f
41%c Jan
*
Stedman Bros
30c
•
_
1—
National Hosiery
National
212
Feb
104% Jan
77,800
21%
Preferred
|
Standard Radio class A
Stanley Brock class B
Starratt Olson Co-
9%
National Grocers common
Class
73%
Feb
25%
520
16,075
7%
common-
13%
34c
5
Chemical pfd.
Drug &
National
72
Feb
12.
Jan I:.;
8% Jan
53c
9
Iioo
—
22 %
Feb
68c
17%
»
Preferred
.<
47c
45c
37%
X.i4
HI
Btadacona Mines
common.
b:
Feb
Jan
60c
i
73c
Springer Sturgeon
Feb
19% Feb |!
'
25%
26%
104% 105%
'65c
—A
Feb
1
Mylamaque Mines
65c
22
Moore Corp common
Mosher Long Lac
68c
19%
1
.
Montreal Light Heat Ac PowerMontreal Locomotive.
40
40c
_
Moneta
10%
Jan,
19% Jau
1.150
i
f
i
8.70 Jan
1,094
8
Feb
39
11,750
26%
'
8%
40c
'J':.
Jan
13%Janf f
.13% Jan 5 ?
,
12% Jan
15
.
Jan
Co
Standard Chemical
Jan
40
—i
Mines
'•
1,046
.20
19%
30%
•
Iioo
—
50
1.65
„
'
.
Jan
90
21
'*■
Jan
Feb
6c
60
14%
21
1,000
Jan
18
700
9.35
19%C 19%C
.100
*
300
16%
14%
common
Preferred
Modern
_•/
.* 5
>
—
Mining Corp .——.—:
Model Oils
18
10c
«
Mid-Continent Oil & Gas ;
3,000
1C%
,
13% Jan
,
40c
-
Preferred
Siscoe Gold Mines
:.>>
•
2.06
v
;,i
-L3%c Jan
5.35
v
225
12
IIIi
_
Class B
1
Gold
Lake
Red
\
High
12%c Feb
1-30 Jan
.
1,066,202
40
—
Simpson's class A
13
600
3,900
19%
•s,
f
5.35
13%
v
9.50
:
Class B
i
30%
Jan
3c
90C
—1
:—..40
_
——
Feb
18C
McMarmac
;.
/
13%
|
I
Range Sinee January 1
!>: Low
1.60
—
—
preferred
Shares
12%
4.15
:■
.
for Week
1.56
'
i
High
'
—
Scrip
Silver Miller
Silverwood class A
r
Jan
8c
Jan
54
Feb
104
Bangs
V. 12%
4.80
m
common
Sigma Mines
10%
8C
McDougall Segur
Mclntyre Porcupine Mines
—
1.58
Feb
19
10 V*
104
Oil common-
Preferred
•
1
Mines
Sales
f of Prices
'i; Low
•
13
19
McColl Prontenac
;
"50c
—
Gold
tncfc^Brew new
10%
—
class A
Sale Price
Par
Jan
Week's
c.
High
Jan
1.02
preferred
McCabe
14
14C
common
Preferred
McBrine
Low
345
7c
1.09
Maxttn-McNeely Mines-——
Mas s«y-Harris
Range Since January 1
High
14%
Par
Maple Leaf Milling common
Maralgo
Friday
for Week
Sale Price
STOCKS—
iy.
Sales
Last
,
V
Jan
Feb
Jan
5c
3.40 Jan
60
:
29c
Feb
12c
Jan
'f:
Feb
?
;_,l
r
>
■P\
"
■ir":-:r:'v- W~p:-
-a<v
^
»
THE^COEMERSIAL ArmNANjSfAL dHftbNICLE
'-■
■•—
-
-
tm*
.
Monday, February 10; 1947
■
..
-
OTOIttfHE^eOflNYEfcMARKETS
Quotations for Friday;
w-:
Bid
■,■■1
6.32
6.94
4.87
5.33
Oil shares—
Axe-Hough ton Fund Inc
—
Axe-Houghton Fund B
—Beneficial Corp..—
iv,
i
Fund
Boston
c;
Ltd—
Fund
Bullock
27.64
S-2_
16.27
S-3-
12.77
14.04
8%
Series
8-4
5.22
5.79
Knickerbocker
8.58
17.76
4%
5%
Common
8.15
Dividend Shares
1
26.90
20.10
1
11.85
19.04
20.86
Mutual Invest
6.09
16-78
1-54
10.70
5.61
Aetna Casual A
7.39
8.24
Aetna
Low priced bond seriesLow priced stock common-
7.07
7.76
Aetna
4.41
4.97
Agricultural
Preferred stock series
18.14
1.70
8.22
6.88
47.85
5.84
6.26
Automobile
Aviation
7.51
Automobile
22%
13%
16.68
11.19
American
19
National
58%
61%
National Flre_-_
10.85
Automobile
36
39
14.81
Surety
—25
—10
—
5.19
5.71
—
5.58
6.14
—
4.79
5.28
Selected Amer Shares
5.95
6.55
Sovereign Investors
Standard
90c
78
Northern
52
30%
33%
Pacific
Fire
Pacific
65%
69%
Preferred Accident
-^-.—10
Firemen's
24.61
26.46
10.45
11.45
12.96
Globe
6.68
7.31
2nd
89c
98c
series
A
C
22%
series
B-l
28.17
Series
B-2
26.05
8erles
B-8-
17.73
B-4——
9.89
com—
New York
27%
363
7.05
Fire
8.05
2.63
1
3.52
.1
3.02
19
90
94
Travelers
33%
,-—100;
U S Fidelity A Guaranty Co..2
26%
28%
U S Fire
107%
111%
31%
39%
Recent
42%
45%
Manufacturers Trust
43%
18
60
50
10
10
19%
62
95
21%
100
23%
38
Ask
200
100
295
io
17%
—100 1,770
195
304
18%
1,820
—25
49
52
C0—II2O
57%
59%
253
.1976
42
Westchester Fire
44%
46%
56
77
83
36%
39%
2.00
90
Bid
—.
—.
105
105%
103
103 %
.1970
103%
104%
99
.1961
104%
101%
98%
.1976
102%
104%
104%
1965
104%
105%
Monongahela Power 4.40
.1975
106%
107 %
Ohio
2%s——i ,1975
103%
103%
Pennsylvania
Ohio Public Service 2%s—. .1976
102%
102%
Public
Pennsylvania Electric 2%s_. .1976
102 %
102%
Ruppert (Jacob) 4'%%
Philadelphia El Co 2%s_—. 1981
Philadelphia El Pow 2s/eS-. .1975
Pgh Bessemer '& L E 27/aS_. .1996
103%
103%
3cranion
102
102%
Scranton
100%
101
Union
3%b. .1976
100%
101%
Willys
3%S
Gas Lt
Monongahela Power: 3s
Montana
Power
Portland Gas & Coke
102%
Preferred Stocks—
100
98
100
3.90&——
102
103
Electric 3.70^-'—
1O2
103%
Public Service
Serv
Par
(Ind)
Electric
3.50%
<Cal>
Overland
111
96 V2
98
106
3.35
—
104%
106
94%
96
_
Spring Brook 4.10%
OH
109
$? ■«
103
•
4%%
105
102%
10*%
60%
61%
12
15
I""l00
715
74
16%
745
~~
United States Treasury
99.18
Other
100.6
0.28%
1947
b0;375
0.33%
Feb.
100
100.3
1947
1947
b0.375
0.33%
b0.375
0.33%
Apr.
1947
b0.375
0:34%
May
bO.375
0.34%
May
13,
Mar.
27,
6.
Mar.
issues
Mar.
13,
Mar.
20,. 1947—
1947
1947
10, 1947
17, 1947
24, 1947.
1, 1947
8, 1947
27,
Apr.
0.35%
bO.375 0.35%
bO.375 035 %
b0.3?S 0.35%
bO.375" 0.35%
b0.375
035%
b0.375 .0.35%
'Apr. 3,
Apr.
Ask
bO.375
Ask
b0.375
Feb. 20.
1V4S Apr. 15, 1948—
100.16
Bid
Bid
1947-—
Feb.
Federal Home Loan Banks—
Bills
for discount at purchase
fjWMBTV bill*—
Ask
Federal Land Bank Bond*—
103.4
102%
Pbw A Lt 2%s-
45%
69
Obligations Of Governmental Agencies
100.2
103
101%
Utah
Rates quoted are
99.14
102%
102%
102%
City P & L 2%s_^_. 1976
3%s. 1980
Laclede
....
Bid
101%
Light 2%s. -1975
101 %
43%
Title Guarantee & Trust
United States Trust
.
100.12
102%
103%
105
.1976
102%
102%
Texas Power &
99%
1976
Ask
-1975
Scranton-Spg Brook 2%s_. .1976
Sioux City Gas A El 2%s
.1975
Tenn Gfts & Trahsm 2%s_ -1966
44
25
1,655
-
30%
615
53
Ask
1976
2%s
259
Sterling National
41
—
600
4
Public Setv (Okla) 2%s
Electric
Paso
Kansas
180
Morgan (J P) & Co Inc
100
National City Bank
12%
New York Trust
25
Public Nat'l Bank & Trust~l7%
45%
100 1,595
I, 1950-1948iy<a May1 1, 1952-1950IVis Jan. 1, 1953-1951
2%s Feb. 1, 1955-1953.
IFIV2
28%
Security Issues
88
.1966
Kans Okla A Gulf Ry
Bid
_ioo
40
8c Trust—10
1%8 Oct
113
10
U S Guarantee-
Bonds—
American Airlines 3s
Iowa Pub Serv 2%s_
loo
Grace National
Guaranty Trust
Irving Trust
Kings County Trust
Lawyers Trust
Bank A Trust-20
.
10
Bid
21%
.
43%
20
.
Standard Accident
2.95
Fulton Trust
Commercial National Bank A
..
25
10%
26
20.21
38
_15
Chemical Bank & Trust—10
1
53'%
8%
23
7.37
18.52
Par
137
104%
,
50%
15
21.40
1
Series 1956
378
132
lOXVz
Bank & Trust
34%
9.83
U S El Lt Si Pwr Shares A
29%
Brooklyn Trust ——-—100
Fiduciary Trust
First National Bank
55%
32%
Hartford Steamboller Inspect—10
D
2.60
Independence Trust Shares-.—*
45'A
Federation
75
52%
12%
23.76
A*&
43%
Trust
72
10
10
23.60
City Banks & Trust Cos.
Bid
—10
Empire
6%
Semirlty New Haven
Springfield Fire & Marine
0
——**
Illinois Power Co 2"%s—
Continental Bank
24%
10
American:
2%s
Corn Exchange
30
22%
10
-
Gatineau Power 3s
Trust Co
27
Seaooard Surety
B
Rutgers Fire
preferred
&
Calif Elec Power 3s
Bank
5
10
—10
St Paul Fire A Marine
Hartford
El
National
,_8
Republic
24%
Hanover
6.74
6
38%
20%
Great
mi¬
Chase
36
34%
94c
North Amer Trust sharesSeries 1956—
10.84
Central Hanover Bank & Trust 20
10
18%
89c
8.99
19.46
Series
Bankers Trust
4
.8
Globe & Republic^..
Diversified Trustee Shares—
28.53
.—100
53%
96
_6
—
92
Unit Type Trusts—
29.51
York-;
101
50%
10
31%
48.50
21.74
16.18
uuotcmn Funds—
New
97
10
1.12
14.73
83
10
85C
Union Common Stock Fund B—«
31.90
»
Corp.. -10
81c
B.
Series
Fund
7
79
.—28
(NY)
(Texas)
(Paul). Fire.
—
Revere
22.88
Wellington Fund
Series
15%
45.50
Union Preferred Stock Fund
Bond
102%
14%
19.58
1.83
26%
6
Reinsurance Corp
98%
B
Glens Falls Fire——
108.70
65
10
Fire A Marine
Gibraltar
11.97
280
14
24 %
163
62
of Newark..
Fire-.
Franklin
106.54
lOo
1.78
Union
56
156
Fireman's Fd of San Fran.
1
Utilities
52
20
.—10
Fidelity A Deposit of MA—.
17.01
3%
52%
12%
Providence-Washington
-—10
*
30
4.04
26%
50
Phoenix
12.85
28%
24%
Indemnity Co
31
Federal
26%
12 .50
29
9.55
6%
165
54%
?0
9.49
56
5%
.6
_•
Employees Group.
1
Employers Reinsurance
3.68
State Street Investment Corp
14.41
75
54
155
2 50
River
Crum A Forster Ino
2%
Trusteed Industry Shares-;
29.35
^10
.*——-5
29
10
...
Northeastern
7.39
2%
-
Foundation
14.77
North
20%
Connecticut; General Life
Continental Casualty
General Relnsurahce
Tobacco shares--—
1.02
24
18%
15.82
—1
Bteei shares
B
22%
27"
-8
Fire
B
6 68
3choellkopf Hutton and
10
New Hampshire I Ire
10
20
—
—1
Pomeroy
10c
Scudder, Stevens & Clark
Fund, Inc
—•
75c
74
67
Fire__
11.70
Republic Ihv'est Fund.
5.63
-f—-—1
69
63
New York
8.63
Trading
(Detroit)— 10
National Liberty.
.2
Union Fire
20
New Amsterdam Casualty.—. -S
New Brunswick
10
6%
—10
Fire Assn of Phila—
3.10
5.11
Fund Ino
—————10c
13.59
5%
25
8.68
7.49
2.81
—2%
Shippers
6.07
8.61
6.81
——
12.37
Casualty
National
6.71
(GedV Fund—
7%
31%
9.62
A
87
29%
17
12.47
Putnam
23%
6%
29%
.10
11.35
Petroleum
1*4%
56
22%
27%
Reserve
City of New York—
Tobacco
12%
54
1
common
82%
Re-Insurance—_1Q
Camden
Railroad equipment
40
B
American
11.53
—
36
4f
American
10.88
Utility
99%
-
Merch St Mfrs Fire N Y
American
9.90
—in———in—iii
15%
96"'
Merchant Fire Assur
8.24
10.49
stock
10.62
rr
shares—
Equipment shares—
Railroad stock shares-
—
28%
14%
Massachusetts Bondlng_____i2*i"
12
21%
9.87
Railroad
6.03
Casualty
9.71
Boston
Public
10.67
18%
11
19%
ff
....
Prior preferred
Convertible preferred
9.61
8.93
5.48
Maryland
Ask
20%
mut.
11.70
14.07
9.27
9.71
16%
3%
of Newark
8.74
8.43
—
Insur Co of North America...10
Jersey Insurance of N 7
20
35%
8.75
9.40
78
12
12.81
8.12
7.83
46V2
75
33
Bankers &
ons
8.55
44%
ssatfj
10.65
-
Insurance
8.27
10
—
Baltimore American:
6.32
7.43
Bid
Home
13.48
.—
11.82
Railroad Bond
Bank of
48%
Homestead
20%
10.97
5.74
————
Bank of the Manhattan Co.—10
18
46%
.
56
4
13.29
7.91
10.12
Pkr
..
86
10
9.98
7.19
———
Management Fund' Inc.l
.
Aik
Casualty
5
American Equitable(J
American Fidelity A Casualty_B
Merchandising
10.30
Bid
American
12.10
10.76
—
Institutional Securities Ltd—
Aviation Group shares
Bank Group shares.
Insurance Group shares
Stock and Bond Group sharesInvestment Co *>f Amerlfei
.111
16
53%
Alliance
American
Machinery
6.89
9.37
Merchandise shares
Keystone
American
6.51
Diversified Speculative
Electrical equipment-;
7.86
6.26
—
Price Shares
Invest
4.75
4.25
7.49
—
Building supply
Business Equipment
8.26
7.15
——-
Incorporated investors—.
Preferred
8.83
—
stock
Bank
Chemical
Instttmional bond shares-
f
66
—
com
83
—
10%
Agriculture
15.89
Industrial Machinery shmres-
Common
33
62
25
Llfe__
15.55
-
New York Stocks Inc—
2.25
5.98
Fully Administered shares;—
General bond shares—
Income
Rio Grande
&
—10
—
3.82
;
—
series
New England Fund
44%
5.96
—
Huron Holding Corp-
91%
30
*1
—10
surety
—
5.88
4.28
26.66
6.63
shares
shares
Denver
9.08
series—
Stock
14.50
Mining shares——
Petroleum sharesi
64%
—*
.100
•.
preferred
Insurance
Diversified Investment Fund-
--•»
89 %
Par
5.08
stock
Speculative series
2.06
Electrical Equipment
Otiltt*
-1993
1st 3-4s income-
62%
7.78
series
Income
Industrial
6.62
44.50
Food shares—
.2018
—
11.57
7.09
16.93
41%
-—
Chemical-shared-;
-
4%8
Income
15.60
1
series
24.76
Building shares
Investing
5%
16.11
Selected series
Automobile shares
Aviation shares-
Low
Bond
27.32
Group Securities-
v^V:
14.74
14.53
Inc
Corp
Security Series-
15.83
General Investors Trust
Agricultural
10
—
25.55
General Capital Corp
i:
Fund
National Investors
National
Howard-
First Mutual Trust FundFundamental Investors Inc
Fundamental Trust shares
■-St'
2d Fund
Balanced shares
155
150
Financial
p.-
Common
Securities-
Nation-Wide
Fund Inc
Industrial Fund,
Fidelity
Chicago Rock Island A Paelflo--
12.74
Fund.
Fund-
First Boston Corp
87
28.92
Mass Investors
Balanced
Stock
83
Ask
—
8.93
Mass Investors Trust
1
--1
IN
Commonwealth Invest—
Delaware Fund
Eaton A
——10c
22.90
18.59
——100
2019
4%s
107
50.10
105.14
——*
w--—-■
49.10
Bid
Stocks
103
Rio Grande-
105.06
21.30
5.15
Fund Ltd.——1
4.45
37.29
Century Shares Trust
—•
30.96
15.93
Chemical Fund——
--~zzl Ji'73
3,150
Christiana Securities com—100 3,050
^Preferred1
income
Conv
Denver <fe
6.36
100.93
Inv
Canadian
5.75
———.
Loomis Sayles Mutual Fund—•
Loomis Sayles Second Fund—10
Manhattan Bond Fund Inc—
6%
6
Fund
Ask
1094
ist 4s
16.79
Series
Bid
—
Chicago Rock L&and dfc Pacific¬
30.32
Series
9.91
16.34
Inc
Broad Street Invest Co
5
Series S-l
4.58
36
7.94
J
1
—
of America——
Ine—
—«-»
Tr
Inv
25.31
7%
Investlng-IQC
Foreign
Blair & Co
23.03
(When, as and If Issued)
Bonds
4.18
Assoc'ted Standard
Bond
21.05
(Cont.
9.13
34
American Business
American
19.17
M
Series
Holding Corp—
10
Shares----*
Amerex
K-l
Series
IV*
iitiumi
Affiliated Fund Inc.
1
Ask
Ask
Keystone Custodian Funds
Eaeurlifai
AtrdnkutioAi
,1
$
Reorganization Rails
Bid
Par
Par
Mutual Pand*—>
f
7
Investing Companies
%
■
Feb.
103.10
Panama Canal 8s.
1961
126
127%
Quotations For U. S. Treasury Notes
Figures after decimal point represent one or more 32ds of
Int. Rate
:E
Warcb 15, 1947—;
Wept
15
.1%%
.
Bid
100.2
100.13
1947
-M%
100.12
12^ 11 Inll
tSept.
1%%
100.7
100.8
t%8 April I, 1947
100.26
100.27
point
$%s June 1, 1947
15, 1948
—
t%S July 1> 1947
tf
|%s Aug. 1,. 1947
t%S Sept.
yVKr*
J
;
l"
—
1,
1947
t%8 Oct. 1,. 1947—
f/aS Nov. 1, 1947
i
;
"
^
-
'
"
.
:
t%S Dec. 1, 1947
s Jan.
'
.
:
a
Maturity— &■
Dollar Price 100 Pine
Certificates or Indebtedness—
Bid
Ask
*%s March 1, 1947
.0121
0174
Ask
100.1
-
1,
1948-
f/as Feb. 1, 1948
.0223
—_
!o278
.0284
t
a
Odd
lot
(not Included
sales
sale
(not
included
In year's range),
e
in
year's range).
Ex-interest.
(not included in year's range).
bBid
fFlat price,
tEx stock dividend.'
yield price,
d Deferred delivery sales
k Removed to Stock Exchange. rCash
(Un) Unlisted issue, w d When delivered.
0345
.0288
wiWhen
issued,
x
Ex-dividend,
y
Ex-rights.
!o365
.0354
.0448
.0342
.0453
.0269
tThese bonds are subject to all Federal taxes.
([Ex-liquidating
.0396
.0309
tin default.
.0302
.0143
value:
.0348
.0125
par
.0453
.0188
*No
dividend.
.0336
V/
-
-
Volume
TH©;COMMERCIAL' & FINANCIAL CHRONICLE
Number 4567"
165"
*p*
^
l'<
<
V ;-tW.
Mr
clearings this week will show an increase
Bank
compared ? with
TblrdFederal, Reserve
a* year ago.
cities of the
will
$13,215,804,615 against $12,291,875,572 for the same week in 1945.
totals stand at
is
this center there
At
I
Delaware—Wilmington
New
Jersey—Treuton
2,265,137
3,540,880"
Total (10 cities)
+
,
6.2
Telegraph
Clearings—Returns by
$5,884,750,579
$5,990,838,346.
.New York
464,096,073
Philadelphia
+144
335,957,352
347,656,048
178,212,901
225,873,152
Reserve
District—Cleveland-
■
128,207,072
267,780,180
249,198,541
+
19,445,800
—.
Mansfield*1;«,
57.7.
240,400,000.
152,400,000
+
295,591,000
281,697,000
+
201,215,712
182,887,389
+ lOD:
Cleveland
197,212,616
165,519,991
158,423,559
145,507,863
+
8.9.
+
6.1
5,333,542
256,187,066
,
+ 19.2
Baltimore
+16.2
2",873,820** +34.8'
3,735,435 *" +42.8 "
232,158,374 • +10.4
3,873,072
Youngstown
.
125,429,234
,t' 219,967.696
'
• 28,138,400?
2,168,4472,143,621
-?3,407j8794,158,853
120,638,632
222,531,554
15,986,200
7.5
'"
Columbus
26j7
**$f3,389
3;717,478
+23.5
22,587,800
Cleveland
3.5,
+
;—
,-4;,;,^
-"
4,137,466 " +34.4
5,562,200
■158,369,661
Cincinnati
+
7,502,000
-
•
Ohio—Canton.
+ 13.9
580^000,000
—
Federal
1.8,
528,671,010
662,000,000
Boston^—————-
San Francisco
5——
Pittsburgh
five days
$8,877,831,443
$8,371,029,148
Other cities, five days
2,135,289,070
1,767,039,450
Ten cities,
Pennsylvania—Pittsburgh
4.9:
-s
Total
+
Fifth
+
2,331,568
8,432,000
113,020,760
3,181,303
—
Richmond
South Carolina—Charleston
2.3
n
i
ii
'
$12,291,875,572
$13,215,804,615
+
7;5
hi
.
v
1,463,976
1,843,315
7,683,000
Total
(6 cities)-
?
7,200.000:,
.76,913,271-
7,591,000.
78,026,865-
2,587,827.,
164,105,119
2,993,435
171,620,568^
51,349,641.
346,693,039
362,324,676
163,1
?
45,936,815*
59,136,314.
296,854,201
312,911,101,
4.5
+
1
,1
the week covered by the foregoing will appear
Complete and exact details for
issue of next week.
our
We cannot furnish them today, in as much as the week
and the Saturday figures are not available at
ends Saturday
Accordingly, in the above the last day of
In the elaborate detailed
able to give the
are
we
ended
time of going to press.
clearings for the whole country
56,893,538
Augusta
Mobile
Mississippi—Vlcksburg
Seventh
Indiana—Fort
Ended Feb.
Week
1—
12
1st. Boston
2d*
12
New-York-
10i
.3d Philadelphia
4th
$
Districts
Cleveland
7
—-——
6
5th Richmond
6th
Atlanta
10
7th
Chicago
17
4
Louis
8th St.
cities
M
it
U
H
4 4
44
10th: Kansas
Uth
10
City
6
Dallas
i2tb San
10
Francisco
in
Total
York City—
Outside New
We now
Dec.
5.
504,402,080
451,807,766
7,385,241,897
7,588,277,725
$
c,'o
44
44
cities
—
Terre, Haute
Wisconsin—Milwaukee
Sioux City
Illinois—Bloomington
Decatur
;
$
6,978,876,335
6,670,418,347
Kentucky—Louisville
Tennessee--Memphis
758,843,750
+
7.9
691,517,749
682,015,607
639,753; 508
+
12.5
615,922,230
657,671,590
346,693,039
+
4.5
312,911,101
296,854,201
23.9
406,723,848
683,562,653
652,239,854
Louis
362,324,676
559,221,338
451,313,567
+
825,001,452
762,102,868 '
+
431,889,936
358,538,263
+
20.4
321,025,321
+
13.2
204,643,069
423,990,606
325,199,994
+
30.4
292,098,352
213,941,497
185,199,318
+
15.5
150,708,153
133,579,222
628;472,386
554,908,453
13,176,670,717
12,690,809,265
+
3.8
11,576,551,282
11,363,314,946
5,302,482,617
+
13.5
4,807,255,103
4,900,717,147
+
13.3
510,902,663
$
1,747,969
4,111,968
331,009,895
Ninth
Inc. or
1945
North
Dakota—Fargo__
South
Dakota—Aberdeen
Montana—Billings
,
Helena
$
Tenth Federal
>
21.8
+
4.5
7,273,014:.
672,689
+
8.0
541,190,431,
+ 19,2
2,397,272*
7,818,042;
+ 19.8
1,782,509
6,992.582
3,189,129.
+ 28.6
+ 28.4
516,926,611s?
>1,412,698
** 5,861,027
-
1,900,548
2,238,741
2,133,062
2,549,792
2,153,044
762,102,868'
8.3
+
-
683,562;653J
->652,239,854
+ 15.6
+ 21.2
85,3,78,439
62,729,5071,141,100
•+ 34.6
196,000,000"
75,429,335 &
184,400,000'
92,117,656
50,231,026.1,055,856
202,600,000
+ 37; 7
>53,278,280-;
■
1,143,000
321,025,321
325,850,615
+ 29,6
3,555,272
6.5
141,013,316.
3,703,112
145,083,893
+ 20.4
358,588,263
—22.1
8.2
3,103,745
St.
436,612,729
+ 21.7
1,387,555
+
3,769,755
21,8,78,359
10,332,610
9,625,108
24,424,600
1,118,47.7
.53,128,061
.3,763,556
1,438,319
1,504,742
+ 50.3
338,301 .}•.
5,986,558k
+ 33.7
1,172,003
+13,2
5,278,966;
Joseph
City+
6.6
+
0.2
246,310
297,990
356,503
4,858,737
82,084,786
4,163,688
+
37.9
8,013,355
+
35.2
+
31,6
7,474,607
193,044,482
+ 36.7
6,244,838
216,212,845
7,653,114
301,980-
+ 26.9
+ 26.6
,
3,538,492
76,667;627
3,226 402
455,765
—24.4
1,103,211
+30.4
"'621,974,
3,208,774-
7,262,432
196,583,
+ 15.3
325,199,994
1,272,115,
—.—
—
213,567,910-
204,643,069
495,607.
946,738
1,292,534
4,889,152
City
Colorado—Colorado Springs.,
460,833
1,247,405
46.7
+ 47.8
1,021,392
470,723
+
48,631,318.
3,639,562.
103,936,341
5,742,121
10,837,503
284,554,780
10,464,393
344,487
,
Pueblo
5.9
268,117,514
+
+ 30.4
317,728
357,042
i
Missouri—Kansas
3,637,920
349,157,371
3,886,017
197,730,893
53,376,042
3,598,564
1,868,635
1,636,406
6,020,957
6,164,096
Omaha
925,612
11.5
—
+
871,273
5,034,670
210,559,191
69,596,618
5,278,638
2,762,272
2,460,077
8,051,897
Reserve District—Kansas
Lincoln
$
23,60O;7S2
Hampshire—Manchester———
19,946,830
+
;>>>;«:
(7 cities).
Total
1944
4,536,999
Rhode Island—Providence
New
2,896,622
+ 30.7
303,443,363
_
Minneapolis
Hastings
962,941
501,725
7,140,208
—
+ 52.1
'
Federal Reserve District—Minneapolis-
St. Paul
528,370,542
1.9
1,273,011
1,518,776
Npif Haven-
,
—29.1
!
8.687,649798,724"
605,893,818
431,889,936
Minnesota—Duluth
1
Dec. %
1946
1,248,449
Connecticut—Hartford
3,237,048*
9,772,692
40,088,210
2,218,031
1,571,494
(4 cities)
Nebraska—Fremont
3,776,294
Worcester
+ 16.1
4
Total
299,523,178
424,811,601
Bedford
3,210,250
31,808,000
+ 18.6
18,812,376
84,458,592
Illinois—Quincy
213,567,910
531,251
New
+ 36.6
+19.2
325,850,615
268,117,514
1,362,033
Springfield
'
6,027.686
3,849,311
9,985,029
43;647,312
234,200,000
111,659,850
Wichita
Fall River-
730,894
5,567,967
3,301,530
4,358,043
36,628,000 £
5 3,988,161;;
> 9,323,304
42,929,609
: 2,527,393
15,973,091:$
7,675,260 r
'664,413
363,538
+ 21.2
+ 33.2
407,366,511
8.3
Missouri—St.
Kansas—Topeka
'
407,366,511
Eighth Federal Reserve District—SI. Louis—
2.7
719,693,521
$
Portland
+ 318.9
284,732
3,684,477
825,001,452
-
495,857,369
819,047.965
1947
Massachusetts—Boston
"
94,933,C
iwit?
3,368,825
654,459,418
2,857,071
9,364,403'
4,101,221
2,772,767
_
408,159,808
Week Ended Feb.
Maine—Bangor
349,£
*
288,027-,
87,959,723'
38,095.000
834,476*
Chicago
1 for four years:
Clearings at—
+239#.
*
4,705,176
30,948,173
3,372,817
24,579,012
10,580,907*
Iowa—Cedar Rapids
Des Moines
add our detailed statement showing the figures for each city for the
week ended Feb.
•
45,403,000
4,368,719
11,591,198'
11.6
+
—
1.8
5,014,255
25,3.
+19;5
2,511,004
2,062,142
49,465,161
54,407,956 5,214,398
—
+
4,535,661
4,779,928
+ 20.4
2,921,905
7.9
16,479,631
16,858,808
+
7.3
8,145.256
8*780,661
20,832,600
+
17.2
19;023,000
17,557,800;
920,819
'+
21.5
1,100,747
600,153
408,159,808
495,857,369
30,059,541
26,117,408
299,523,
292,098,352
3,328,999
+
423,990,606
(10 cities).
Total
46.0
Eleventh
Federal
Reserve
District—Dallas—
4,681,774.
5,360,699.
Texas—Austin
151,257,000
172,927,000
Dallas
Fort Worth
—
Galveston
Wichita Falls-
21,697,795
4,333,Q00
2,493,492
16,532,174
3,868,000,
2,623,8011
6,237,069
213,941,407
Louisiana—Shreveport
7,129,511
185,199,818
+ 14.5
3,173,103
4,369,504
+ 14.3
122,105,000
14,674,770
+ 31.2
+ 12.Q
—
5.0
+ 14.3
110,105,000:
,
2,686j000(
1,463,331*.
5,409,548
10,146,240,
i
3,327,000
1,550,508
5,277,371;
„
•Mi
504,402,080
Total (12 cities)
451,807,766
+ 11.6
Second? Federal Reserve District—New Yerk—
{few; York—Albany-—r—
—
Bingbamton
——
1;
Buffalo—
75,922,899
York-
+11.6;
16;8i
+
2;68i,0V8>
67,425,383
;
Connecticut—Stamford
Jersey^-Montydfclr——_
Northern New Jersey—.
Total (12 cities)
Yakima
Utah:—Salt
+ 22.0
1,312,675
+
9.0
876,322
2,852,959
7,388.3.26,643
'6,769,296,179
6,462,597,799
10,582,144
16,885,118
9,695,064
10,217,07Qv
3.1;
.—
1.8
—
+
21.4
7,907,939
+
29.2^
761,037
730,766
+
4.1 '
42;016,151
35,882,696
45,062,664
44,265,020
7,385,241,897
7,588.277,725
+17.1;
+
—
a-;.—eras:
1.8
2.7
95,166,560
Lake
City.
California—Long Beach—
1,323,479:
1,225,248
1,318.215
r
Pasadena
San
99,715,223
3,304,720k
—
Oregon—Portland
68,161,816:
+15.5,
133,379,223*
150,708jl53
Federal Reserve District—flan Francisco—
Washington—Seattle
2,066,169
7,159,547,000
„
Syracuse
Newark
65,029;005
21.4'.'
1,494,932
—
Rochester
•
2,163,119:
+
1,436,444
——
Jamestown
(test
2,413,87$;
Twelfth
14,848,887
11,765,229
Bhnlra
New
18,022,052
cities)
Total (6
—
Franoisoo——————————
14,995.864
San, JoseSanta Barbara—.
7,504,583
8,139,972
Stockton——,
7,759.811
,,
40,986,690:'
7,639,473,
6,336,986
355,793,000
9,853,154
3,077,971'
6,598,609-
87,781,000
+13.6
2,667,697;, +23.0*
76,097,025. +25.1.
31,647,401: +29,5.
8,250,162+ «+•■ 7;4v
5,900,612
+ 7.4
326,013,000
+
7,802,723v
2,818,485" + 9.
86,615,942
2;42Qt32i
77,324,655.
26,173,947
>9,456,758..
5,133,735
289,830,000
7^28,287
2;026,845
95,628,8734:+'2,C
78,771,284.*
' 28,545,779
11,730,906-T
4,790,453,
295,946,510*
4,695,974
1,983,697
4,198,811:
.
.
.
9,127,525
14,533,039:
r
567,103
Total (10 cities )-
658,028
34,724,497
Grand Total (111
41,306,014
39,652,831
Outside New
6,670,418,347
628,472,380;
5,930,348
554,908,433;
+11,3..
+13.3
13,176,670,717,
35,054,047'
6,978,376,335
.
j
♦Estimated.
13*690,8Q9i265„ + 3.^
61017,123,7177
5^02,182.617,1 +13;51
.
4,792^73;
510,902.663,
H,576,551,28St
cities).
York
tNot included in totals.
):Sh
"""
v
1944
6,017,123,717
41
Wayne
Total (17 cities)
1945
Inc. or
+
+
6,358,232
7,703,073
6,269,326
4,603,091
Springfield
303,443,363
94
7
9th-Minneapolis
1946
+ 30.0
333,099
1,192,780
Indianapolis
CLEARINGS
2,518,456
2,166,185
53,630,004
54,390,844
+ 31.5
451,313,567
„
Rockford
1947
+ 36,6
'
District—Chicago-
South Bend^
Districts:
by Federal Reserve
a summary
16,179,588
+ 23.5
90;628,973
—
Peoria
SUMMARY OF BANK
Federal Reserve
Reserve
Michigan—Ann Arbor
Grand- Rapids—
Lansing
District of 13,3%.
furnish
Federal
+
2,825,842
2,024,997
68,300,869
61,384,543
4,511,053
3,359,025
559,221,338
Total (10 cities)
improvement of 12.5 %, in the Richmond
the following we
In
141,900,000;
337,359
108,272,477
Louisiana—New Orleans
Reserve District of
4.5%, and in the Atlanta Reserve District of 23.9%. In the Chicago Reserve District
the.totals are larger by 8.3%, in the St. Louis Reserve District by 20.4%, and in the
Minneapolis Reserve District by 13.2%,
The Kansas City Reserve District has to
its credit an expansion of 30.4%, the Dallas Reserve District of 15.5%, and the San (
Francisco Reserve
42,894,740
143,300,000
89,835.798,
79,817,780
5,652,059
809,265 in the same week in 1946.
the totals register an
41,276,767
22.0
*■2,500,000
Alabama—Birmingham
Outside of this city there was a: gain of 13.5%, the
bank clearings at this center having recorded a decrease of 3.1%.
We group the
cities according to the Federal Reserve Districts: in which they are located and from
this it appears that in the New York District (including this city) the totals show a
loss of 2.7%, but in the Boston Reserve District the totals record a gain of 11.6%,
and in the Philadelphia Reserve District of 7.9%.
In the Cleveland Reserve District
+ 20.3
160,000,000
•
Macon
having amounted to $13,176,670,717 against $12,690,-
47,302,804
195,500.000
Florida—Jacksonville
increase of 3.8%, the aggregate of
>vj"
+ 20.8
„
Georgia—Atlanta.
final and complete results of the week previous—the week
>>>>?§•'
:
13,628,210.
13.701,382
16,553,301
Nashville
the week in all cases has to be estimated.
there was an
Reserve District—Atlanta-
Tennessee—Knoxville
statement, however, which we present further below,
that week
For
1.
Feb.
Sixth Federal
',
'
WWW '11..—
Total all cities for, week
'
111,203,080.-
•
52,368,259
Maryland—Baltimore
District of Columbia—Washington*
+12.5
639,756,508
182,990.786?
—
—
2,202,634,102
day
All cities, one
274,443,864*?
247,472,040
-
Federal Reserve District—Richmond-
719,693,521
Virginia—Huntington
Virginia—Norfolk,
8.6
2,153,806,974
(7 cities).,..
West
+ 20.8
$10,138,068,598
$11,013,170,513
Total all cities, five days
-
in
,
,
-
+
Chicago..
——
&
* ' 682,0
■
■
%
Feurth
Kansas City
-
-
1946
1947
Week Ended Feb. 8—
,
691,517,749
7.9
+
662,000,000
; 1,260,551
3,048,947
2,005,060
"'4.4g"
+19.0
758,843,750
1,665,999
,
>
1,625,915
3,477,423 .
1,355,275
+
6,537,105
819*047,965.
.y,. t
1,669,450.
675,000,000
6.0
+21.5
1,760,716
636,889
.s
2,718,818,. -10.2,...
+ 7.6
7,779*5,86
_
for the week follows:
summary
S
605,646.'
+53.8
1
4,300,249
1,869,679
3,267,752
t6,212,415
—
.
738,000,000
v
Scranton
ended Friday of 1.8%. Our comparative
gain for the week
a
665,886
794,000,000
2,400,3581';
—
Wilkes-Barre
or
+59.2
+.16.9
697,236
715,332
2,442,003
—
Philadelphia
Reading
corresponding week last year. Our preliminary
above those for the
7.5%
be
-
Lancaster
from which it is possible to obtain weekly clearings
for all cities of the United States
Inc.
1,109,929'
778,465.:
1,099,944
Bethlehem
Chester
Feb.
Week
p}s|^ef>^rblla4elp|ilar^
Pennsylvania—Altoona
chief
country, indicate that for the week ended Saturday, Feb. 8, clearings
Preliminary figures compiled by us, based upon telegraphic advices from the
-'"
1947'v
4,607.235,193;.;
-
528,370,542"
11^63,314,946,
■y
FINANCIAL CHRONICLE
THE COMMERCIAL &
848
Monday, February 10, 1947
PARTIAL REDEMPTION
Company and Issue—
Foreign Exchange Rates
I
Pursuant to the requirements
of 1930, the Federal Reserve Bank is now cer¬
of Section 522 of the Tariff Act
transfers in the different countries of the
of the Treasury the buying rate for cable
record for the week just passed:
tifying daily to the Secretary
We give below a
world.
federal reserve bank to treasury under
rates certified by
foreign exchange
;
TO FEB.
1947
31,
JAN.
•
Unit
Country and Monetary
Jan. 31
Australia,
$
.297733*
.297733*
3.209120
.022793
.022791
.054404
.054404
.054404
1.060000
1.000000
1.000000
.959531
.960078
.959921
.959296
.571400*
.571400*
.571400*
.571490*'
.020060
.020060
.020060
.020060
.054404
l.OOOOOO
'
1.000000
-
.955625
Free.
Colombia, peso-
.958750-
-
.571400*
.571400*
•
.208658
.208068
4.027578
England, pound sterling——
France (Metropolitan) franc—
India (British),rupee
-
,020060-
.020060
Chechoslovakia, koruna
Denmark, krone—
•f
.008408-''
.208658
-
-.208658!
.208658
4.0274211
4.027421
.008408
.008408
.008408
)
...
.301504
.301529
.301529
.301529
.205793
.205743
.205743
.205735
.377893
.377893
.377893
.377893
.953125
.956875
.957500
.957291
3.222000
3.222000
.201612
.201612
.201612
.201612
.040501
.040501
.040501
.040501
.040501
.040501
.091324
.091324
.091324
.091324
.091324
.091324
.278250
.278250
.278207
.278228
.278221
.278221
—
Sweden, krona
.201612
.233629
.233629
.233629
.233629
.233629
4.007500
4.007500
4.007500
4.007500
ENTIRE ISSUE CALLED
^
V
mortgage
4»/2s, due
Public
Utilities
.658300*
.562620*
.658300*
.658300*
.562620*
.562620*
.562620*
.562620*
-Incr.
Feb. 5,
1947
Since—
1946
1947
certificates
—
fund
for
F.
795,861
——
18,575,039
358,755
cash
278,715
Discounts and advances
,
633
.......
1,859
+
+
592,049
—
38,179
70
+
9,556
10,300
+
14,108
—
—
'
—
1,129
U. 8. Govt, securities:
15,480,187
6,823,284
...
—
94,031
+ 2,544,740
—356,728
—1,116,927
—1,049,400
193,502
355,300
753,390
Bonds
Total U. S. Govt, securities—.
—450,759
+
—488,868
+
in
$316,000,000
173,482
102
foreign banks
—
141,126
2,247,19632,316
premises
Other assets—
43,469
—
10,916
+
—157,959
27
—
8
—
26~142
assets
317,451
Decrease (—) Since
989
—
—; 9,094
Increase (+) or
Jan. 29,
17,086
—
Assets—
and- lnvtatmentsr-total.
45,089,512
—748,057
1,063,539
+
Loans—total
Jan. 22,
Jan. 30}
1947
...
1947
1946
—
16,774
—
+
+
notes
24,382,708
-
6,552
+
bank—reserve acct.
U.
S. Treasurer—gen.
Foreign
16,094,892
1,161,989
605,403
acct.
Other
257,273
I
'
28,628
—
+
—373,529
84,635
—
Tbtal
deposits
availability items
Other liabs., lncl. accrued dlvs.
445,762
—560,334
+
1
U2548
210
gen.
—182,344
+
Other
281,277
333
+
714
44,402,255
July
1977
mortgage 4V2%
bonds, series D, due 1948
Feb 10
International Paper Co., ref. mtge. 6s, ser. A, due 1955-Mar
1
International Telephone & Telegraph Corp.—
4V2% debenture bonds, due 1952
July
1
Kansas City Power & Light Co.—
1st preferred
stock, series B
Feb 15
Nebraska
63A
Power
debenture
1st
mortgage
—
—749,563
+
264
+
3%s,
due
+
27,455
31,131
9,063
certificate
45,089,512
Cash
+
+
liability on
purchased for foreign
respondents
make
0.5%
+
+
8,172
72
—
+
*
•
Mar 15
40-cent preference stock-
Apr
Feb
1961
1
255
52836
344
gold debenture bonds, series A, due 2022
July 1
Texas Public Service Co., 1st mortgage 5s, due 1961
Mar 15
Wisconsin Hydro Electric Co., 1st mtge. 5s, due
1947—Apr
1
12490
*>
727
♦Announcement in this issue, fin Vol. 161. 5In Vol. 162. Sin Vol. 164,
Auction Sales
Shares
In vault
'
55
+
3,199
1 2-10
142
347
—
26
6,975
82
+
23
—
—
636
+
446
—
93
—
3G0
4 Pacific Tin Consoli¬
Rawhide Coalition Mines
$11 lot
Mines
Corp.,
Co.
($1
11
105
par)
class A
(no
Title Insurance Co.,
1,350
2,055
+
—
+
—
+
—
44
—
4,848
40
233A
par)
Inc.
($1
Transacted by Barnes
Wednesday, Feb. 5:
300
Nationl
Utilities
Public Service
Power
&
&
Corp.
Light
pfd.
12
27J/3
($100 par)
par)
Lofland,
Philadelphia,
$2 lot
$1 lot
"A"-.
Corp.
on
"A"
289
13
Court,
Barrington
7,533
30
89
120
21
DIVIDENDS
54
140
183
Dividends
1,876
926
1,775
+
138
during
($1 par)
($5 par);
par);
($100 par;
Hotel
Massachusetts
pari
145
+
6,566
Coalition
Bancroft
10
+
and
—
—14,496
first
8,918
—
1,288
288
—
—
+
554
—
1,244
16
+
84
164
+
29
deposit accounts except
U. S.
Gov't
accounts,
week
16,375
are grouped in two separate tables.
In the
bring together all the dividends announced tha
we
current week.
which
banks
demand
interbank
Corp. ($1
($1 par)—
Rawhide
100
490
2
to
($300
Copper Mining Co.
Ware River RR.
10
180
Debits
$ per Share
($300. par)
Athenaeum
Post Office Square Co.
Ohio
300
+
639
deposits
Domestic
Athenaeum
Co.
1,663
+
0.7%
Wednesday,
STOCKS
850
—
—
10,177
—
on
75>/»
338%
337
2%
50
6
26,903
3,395
securities
Co., Boston,
Boston
39,920
indus¬
loans
*
1
8
6%
185
—
+
1
Mar
14
6
3,096
Foreign banks
Borrowings
392
Mar
Apr
Bbshm
io,488
cor¬
+
S2823
1
Demand deposits adjusted
bills
6,975
688
Anytime
1947
1,584
+
291
23
562
392
U. S. Government deposits
Interbank deposits:
43.7%
52960
42 V*
338
Time
1,063,539
serves
Contingent
27
Coal
Silverwood Dairies, Ltd.,
5
5,245
Balances with domestic banks
re¬
to deposit and F. R.
liabilities combined
Feb
Corp.—
University Trust Co., Cambridge (fLOO par;
—
2,339
2,559
—748,057
1
8
Liabilities—
Total liabilities & cap. accts.
53292
—Sep
1964
Swift & Co., 2%% debentures, due
Texas Power & Light Co.—
201
Reserve with Federal Reserve Banks
27
1~242
+
2022
Co., 1st mortgage 5s, due 1955—
Corp., 1st mtge. 5s, due 1962
Philadelphia & Western Ry., 1st mortgage 5s
Segal Lock & Hardware Co.—
$2.50 and 7% preferred, stocks
436
Other loans
81,468
+
due
1140 North La Salle
1,597
securities.
Treasury bills
Treasury certificates of indebtedness
Treasury notes
U. S. bonds (Including guaranteed
obligations)
975,540
+
539
112287
—12,406
231
382
Loans to banks
Other
188,848
439,823
series A,
Northern New York Utilities, Inc.—
1st lien & ref. 6% bonds, series B, due
O'Gara
539
Co.—
bonds,
New York State Electric & Gas
500
758
...
Capital Accounts—
Capital paid In
Surplus (Section 7)—
Surplus (Section 13b)
Other capital accounts
trial
Feb
mtge. gold bonds, series E, due
dated
Real estate loans
460,311
1,888,993
10,997
Total liabilities
to
680
Mar 31
stock
1956
Boston Ground Rent Trust ($106: par)
Boston Athenaeum
(5308' parr
pur¬
Other loans for purchasing or carrying:
U. S. Government obligations.
140,860
18,119,557
.
dealers for
Government obligations
Other securities—
222,785
—
and
U. S.
'
Deferred
Commitments
due
Great Northern Ry.—
chasing or carrying:
378,194
+
—
73,542
—
to~~brokers
Loans
233,238
Deposits:
>*"■
680
1
55,895
Liabilities-
gold
♦
20
1*
Commercial, industrial, and agricultural
note
U2142
1
Corp.—
Transacted by R. L. Day &
Feb. 6, 1947.
(In millions of dollars)
Loans
of
•
334
and
184,911
23,691,509
securities
V, R. notes of other banks—
Uncollected Items
Ratio
525
13282
U3413
member banks follows:
and
-■*
J1325
Any time
mtge. 5s, due 1951
debentures
Borrowings increased $99,000,000 in New York City
$164,000,000 at all reporting member banks.
A summary of the assets and liabilities of reporting
—
23,412,161
•
declined
adjusted declined $55,000,000 in the
San Francisco District, $39,000,000 in the Boston District,
$31,000,000 in New York City, and $180,000,000 at all
reporting member banks.
United States Government
deposits increased in all districts. Deposits credited to
domestic banks declined in all districts; the principal
decreases were $153,000,000 in New York City, $75,000,000 in the Chicago District, arid $56,000,000 in the Kansas
City District.
1,436
51,859
—
—
$82,000,000.
Demand deposits
590,613
+
.50,000
R.
gold ctf. reserves
loans
—
declined $23,000,000.
$446,000,000 at all reporting member
banks. Holdings of Treasury certificates of indebtedness
declined $93,000,000, holdings of Treasury notes
in¬
creased $44,000,000, and holdings of United States Gov¬
ernment bonds declined $40,000,000.
Feb. 6,
Jan. 29,
17,779,178
purpose
same
Treasury bills
of
Holdings
Assets-
''
1
14
20
4V2%
New York City and
Deer.
or
the
for
others
Loans to banks increased
(In thousands of dollars)
Member
;
»
Page
Independence
Reserve Banks Combined
Reserve
725
727
1
Feb
convertible
724
8
1
1
Mar
Mar
4 >/4%
724
Harborside Warehouse Co., Inc., income bonds due 1973_Mar 12
Waterworks Co.—
.658300*
.562620*
Statement of Condition of the 12 Federal
Federal
724
724
Separate
1st mortgage 3V2s, series A, due 1974
Cornell Wood Products Co., 6% preferred
.658300*
.658300*
to
Total
76
688
•
Mar 24
Feb
4'/2s, series A, elated 1940
Central Ohio Light & Power Co.—
1st
Bank
Mar
1st mortgage
•Nomlnal rate.
Due from
685
1
1
.
_Mar
Butte Electric & Power Co., 1st
Canada Electric Co., Ltd.—
General
loans
*
Date
1973
of
Trustees
of
the Roman Catholic
Schools for the City of Sarnia, debentures
4.007500
Uruguay, peso—
Controlled
Noncontrolled-
Total
335
685'
1
I.Apr
Board
.233629
4.007500
Switzerland, franc
Union of South Africa, pound
•'.*' 5y
1st
3.222000
—
series A, due 1953
Ry., 1st mortgage 5s
Aluminum Co. of America, 6% preferred stock
Aspinook Corp., 6% 1st mortgage bonds, due 1948
Beauharnois Light, Heat & Power Co.—
.956875
3.222000
.201612
Norway, krone
Portugal, escudo
Spain, peseta
.956250
3.222000
1st mortgage 5s,
Company and Issue—
1.000000
3.222166
pound
Certificates
Apr
Algoma Eastern
.377893
1.000000
1.000000
1.000000
1.000000
1.000000
Industrial
ser- A and B, due 1949
Wheeling Steel Corp., 1st mtge; 3JAs, series C, due 1970-Mar
;
.301529
.205786
.377893
Official
Other
335
bonds, due 1958
.Feb 26
Properties, Inc., 5% debentures, ser. A, due 1959 _Mar 1
Ry„ 1st mtge, 3%s, due- 1965_L^___Mar 1
Royal Crown Bottling Co., of Louisville, Ky., pfd. stock-Apr
1
Toronto Housing Co., Ltd.—'
,008408
.205786
Mewfoundland, dollar-
notes
15
Richmond Terminal
4.027421
-
.301504
Motherlands, guilder—
Total
70
Feb
Missouri Telephone Co., 1st
mtge. 4%s, ser. C, due 1901_Mar
Narragansett Electric Co., 1st mtge. 3s, ser. A, due '1974_Mar
Poli-New England Theatres, Inc
.208658
-
.008408"—
.
\
•
4.027500
4.027500
Mexico, peso
Redemption
70
1
1st mtge.
1.000000.
Gold
70
1
Retail
Canada, dollar—
Mew Zealand,
1
Apr
.
-„lst *Lr£f,mtge- conv- 6s>
3.209120
.054404
.054404
.251247*
.251247*
.251247*
.022788
.022788
.022788 "
.022788
Belgian, franc.
Brazil, cruzeiro—-—
$
.297733*
3.209120
3.209120
3.209120
3.209286
—
.251247*
.251247*
.251247'-'
pound
12955
5% preferred.stock
Feb 19
Empire District Electric Co., 1st mtge. 3V2s, due 1969__Mar
1
Houdaille-Hershey Corp., 3% debentures due I960——Mar 1
Hygrade Food Products Corp.—
Feb. 6
.297733*
.297733*
334
1
IlApr
Cuban Atlantic Sugar Co.,
$
1
Mar
series D, due 1962
1st mortgage 5V2s, series A
1st mortgage 5s, series B
1st mortgage 4'/as, series C
Feb. 5
678
Mar
,Connecticut River Power Co.—
1st mortgage 33/4S, series
A, due 1961
$
U3137
Apr
1st and ref. mtge. 4>A%
bonds,
Cleveland Union Terminals Co.—
tariff act of 1930
Feb. 4
Feb. 3
*
.
Official-—.
;
Feb. 1
$
.297733•
Argentina, peso—
4s, series A, due 1965
Chicago & Western Indiana RR.—
York
Buying Rate for Cable Transfers In New
Value In United States Money
Noon
1st mortgage
1947, INCLUSIVE
6,
page
Algoraa Central Terminals, Ltd.—
5% 1st mortgage debenture stock & bonds, due 1959_Mar 15
Atlanta Gas Light Co., 1st mtge.
3s, due 1963
Mar
1
Carolina, Clinchfield & Ohio Ry.—
Then
we
follow with
a
second
table in
show the dividends previously announced, but
which have not yet been paid. Further details and rec¬
we
ord of
past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
declared.
The dividends announced this week are:
The condition statement of weekly
reporting member
of the Federal Reserve
System in 101
banks
cities
week
the
ended, Jan,
following principal
29:
An
increase
loans, decreases of $535,000,000
States
changes
of
creased
$35,000,000 in New
and
an
agricultural
Below will be found
the
preferred
in
for
purchasing
or
increase of
Mod
common
list of corporate bonds, notes,
stocks called for redemption,
NOTICES
OF
TENDER
Date
Page
Corp., $2 convertible preferred stock_Feb 21
Berkshire Street Ry.—
1st mortgage 5s (now 6s) due 1947, as extended
Mar 3
Central Pacific Ry.,
Gaylord
1st ref. mtge. bonds,
(The), Inc.,. income mtge. bds. dated 1936-
Heller (Walter E.);
-
due 1949
Feb 23
Feb 18.
preferred stock.—-.—-Mar 24,
Lackawanna
I
*
1st;
Laundry Co., Inc.—
(closed)- mortgage
A
participating
(quar.)_
4% preferred (quar.)
Allis-Chalmers Mfg. Co., common (quar.)__
3V4%
convertible preferred
(quar.)
Automobile
Insurance
(quar.)
American Forging &
Socket Co. (quar.)
American
Mart
Furniture
(monthly)
*
7%
7%
685
7%
V
News
preferred
preferred
preferred
American
3-10
2-20
3-
1
2-19
40c
4-
2
3-
8VAC
3-
5
2-17
20c
3-
1
2-15
12V2C
3-
1
2-21
3
3-20
3-
2c
2-25
2-15
3-25
3-15
4-25
4-15
2c
Monthly
7%
1
3-15
2c
American Paper
334
4-
$1
$3
Hydraulics Inc.
American Investment Co.
American
Holdera
Building Co.—
$6 preferred
American
125c
1$1.25
(quar.)
Stores Corp.,
American
WTinn
Payable of Rec.
Sugar Refineries, Ltd.—
preference
preferred
Share
Monthly
American General
York City and $55,000,000 at
$153,000,000 in New York City
$142,000,00(1 at all reportiiig theihber banks; loans
and
a
Company and Issue—
in¬
carrying United States Govern¬
ment securities increased
5%
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
reporting member banks. Loans to brokers and deal¬
ers
Class
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
of United
loans
Acadia-Atlantic
Allied
Government obligations and $554,000,000 in de¬
Commercial, industrial,
all
$291,000,000
in holdings
posits credited to domestic banks, and
$164,000,000 in borrowings.
i
for
Name of Company
Notices
leading
shows
Per
Redemption Calls and Sinking Fund
Condition Statement of Member Banks
Co.
(111.)
(bi-monthly)
Goods Co., 7%
(quar.)
(quar.)
(quar.)
Woolen
(quar.)
pfd. (quar.)
Co., common (irreg.)
preferred (jqjoiar.)
prior preferred (quarJU,—
a
15c
3-
1
2-15
25c
3-15
3- 5
3-15
3- 5
$1.75
$1.75
6-16
$1.75
9-15
$1.75
12-15
$1.50
3-14
$1.75
a
6-
6
9-
6
12- 5
2-20
4-15
4-
3-14"
2-28
!•
>A.;..^,:.v
*1
iVolume 165
^
|THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4567
~
■--■
-
Per
Share
Name of Company
Archer-Daniels-Midland
Powder
Atlas
Tack
Balfour
(increased)
Co.
—...
Co.
(quar.)
Billings
&
Bourne
(quar.)_
com.
Co.,
Co.,
$1.50
Investment
Mfg.
Ltd.
Chain Belt,Co.
Steel
Ltd.
Corp.
2-28
2-14
4c
2-28
2-14
iy2c
2-28
2-14
3-14
2-13
Extra
3y2c
2-28
2-14
2-
1
1-30
2-
1-31
3-
3
Gulf Insurance Co.
2-17
Hallnor
4-15
4-
Hammermill
3-
2-14
1
1
4-30
3-
4-
6%
1
3-
Cigar
Consolidated
Gas
$20C
3-
1
3-15
CO
1
Hecla
Continental Casualty Co.
3-
1
1
4-
3-
1
1
1
2-15
3-12
2-26
4-
1
3-12
4-
1
3-12
50c
2-15
3-
6 %
Dr.
3-
1
2-15
7%
3-
1
2-15
7%
preference
5%
1
1
1
2-10
3-
1
1
2-
3-15
1
2-
3-
1
1
2-15
3-
7
3-
7
%
2-21
3-
1
1
Kresge
2-15
2-
1-20
3-31
Co.
1
2-11
_
3-
1
(S.
1
Leath
2-14
2-28
3-17
3-
3-
1
4-
1
4-
1
7-
1
7-
1
10-
1
10-
1
12-23
2-14
&
15 %c
$15c
25c
20c
3-15
2-28
35c
3-15
2-28
2-
7
Ludlow
2-18
2-18
3-31
2-18
3-
1
2-15
3-20
Ltd.,
3-15
Manufacturing
Metal
Products,
2-28
4-
1
2-28
4-
1
2-28
Republic Naturdl Gas Co.
4-
1
2-28
Roos
2-
1
5-
1
3-
Company,
Export
Macwhyte
Company
Manhattan
5
Shift
Manufactures
2-
2-15
2-
5
2-15
1
3-
1
$3.75
1
3-
1
$3.40
quar.)„_
3-12
2-18
2-
3-
1
2-14
5-
1
3-15
2-26
2-15
2-15
44-
1
3-15
3-
5
2-20
3-
1
3-15
5
2-20
3-15
2-10
2-15
2-
1
3-14
3-
1
3-15
3-
1
2-28
2-15
2-14
2-10
2-14
2-10
2-
2-
7
,
Oil
Co.,
Ltd.
(interim)_
3-
5
2-
3-
1
1-31
1-25
3-
1
2-15
93 %C
3-
1
2-15
3-
1
2-15
3-$i5
2-15
$50c
3-11
2-28
35c
3-
1
2-11
25c
3-
1
2-18
$4.25
$1.06 y4
3-
1
2-11
3-
1
2-17
$2
50C
3-
1
2-11
Textile
2-15
2-
3-15
2-15
3-31
3-14
Midland
2-15
1-31
2-15
1-31
75c
3-
2-14
2-20
3-
1
2-18
3-
1
6%
3-15
$1.12%
2-15
3-15
33-
Ltd.
preferred
(quar.)
8iy4c
3-
1
Common
3.2%
$2.50
2-
1
1-28
$1.37%
3-
1
2-20
$1.25
1
3-
1
3-
1
2-18
2-
1
Mohawk
2-18
$1
$1
1-29
25c
2-
1
75c
3-
1
4-
1
Carpet Mills
1-29
$2
class
A
Service
Co.
1
2-20
3-10
2-15
80c
3-
1
2-15
3-15
4%
3-
7
2-25
4-
1
4-
(quar.)
RR.
3-
1
U.
S.
3-
1
2-15
15c
3-
1
2-15
—
(increased quar.)
2-10
35 c
6y2c
3-
1
2-20
Stock
2-14
2-28
2-14
Oil
2-28
2-14
Railroad
9c
;
2-14
2-28
2-28
2-14
4c
Shares
2-28
2-28
2-14
lc
2-28
2-14
4c
2-28
2-14
5c
2-28
2-14
General Bond Shares.
9c
2-28
2-14
■Industrial
2c
2-28
2-14
8c
2-28
2-14
IOC
2-28
2-14
Fully Administred Shares
Extra
Machinery Shares
Institutional Bond Shares
Investing Company Shares
«,
Metals
series
Industry
1-31
1-31
2-10
1-30
2-25
2-
5
2-25
2-
5
2-25
2-
5
Waite
5
Walgreen Co.,
2-25
2-
Co.
Chemical
Vick
2-28
2-14
3rl5
2-20
25c
3-15
2-14
75c
2-28
2-15
2-25
2-15
2-15
''
»■
3-1
!
1
3-15
2-20
3-12
3— 3
2-15
3-
1
3-
1
2-15
3-
5
2-21
$31'/4c
4-
1
3-5
4-
1
3-
5
4-
1
3-15
3-
1
2-15
3-
1
s-il
3-
1
4-
1
25c
$1
50c
25c
3-15
3- 1
3-15
3-1
4%
common
preferred
2-25
2-
5
Western Auto Supply Co.
2-25
2-
5
2-25
2-
5
2-25
2-
5
2-25
2-
5
2-25
2-
5
2-25
2- 5
2-25
2-
5
2-25
2-
5
2-25
2-
5
5
5
2-25
2-
5
Wayne
Co., Ltd.,
—
Golden State
—
*---
10c
25c
Extra
preferred (1897) (quar.)
3.60% preferred (quar.)
fj
25c
$1.50
6%
2-25
2- 5
2-
3-
1
2-11
3-15
3- 3
40c
3-
1
2-12
Wrigley (Wm.)
Monthly
93%C
4-
1
3-15
Young
3-15
2*14
90c
—
Wisconsin Power & Light—
41/2%
preferred
$1,12%
(monthly)—-——
25c
——
—
850
(resumel)—-
25c
20c
———
Spring & Wire
Zeigler Coal & Coke Co
(L. A.)
,
—
(quar.)——
Jr., Co.
25c
250
—
Inc. (s-a)__
Wisconsin Electric Power Co., common
Wilson Line,
2-25
$50c
50c
75c
?1.50
(quar.)
Westinghouse Air Brake
Wheatley Mayonnaise (quar.)
Williams (J. B.) Co. (quar.)———
15C
—
——
for each 50 shares held)
60c
Nestle-Le Mur Co.,
50c
30c
——
Stock dividend (one share of
5c
5
$1
62 %c
62%c
62V2C
62Vac
Co
Pump
18C
Life Insurance
class A (accum.)-;
Newport Electric Corp., common (quar.)
2-
.
(irreg.)
(quar.)
Western Condensing Co
10c
*
$2
$2
(quar.);
5
5
2-
$1
(irreg.)
common-
2-
2-25
Inc.
Shares,
Ltd.
2-
2-25
$1.25
$1.50
$1-75
$20c
40c
$1
Mines,
Amulet
2-25
4C
$50c
50c
(interim)
(quar.)——
7% preferred
2-25
8C
Shares
Ltd.
common
Co.,
Detinning
Vulcan
7c
Fund
25c
$1.06%
30c
$2
50c
$1.50
75c
10c
series
$10c
—
6c
1
■'$0
2-15.
3-
37%c
37%c
$1.37 J/a
$1.37%
2-28
3- 5
248
2-15
2- 3
3-
2-20
1
(Dallas) —
Co.
(quar.)
6C
series
preferred (quar.)
Noranda Mines, Ltd. (red*e»d)
2-l0i
2-'7
2-T
$4.50 preferred (accum.)
$3 prior preferred (quar.)—
10c
Equipment Industry
Industry series—
Tobacco Industry series
3%%
3-1
—
Vulcan Corp.,
7c
series
Railroad
World
(quar.)
(quar.)
Steel
Vanadium-Alloys
2-15
6c
Steel
New
4-1
$15c
50c
$1.50
' 50c
(quar.)
(quar.)
(quar.)—
(quar.)
(quar.)
8c
series
Speculative
4-10
3c
8c
series
Diversified
5%
5c
series
Diversified" Investment
5-1
common
Power
&
prior preferred
prior preferred
piror preferred
prior preferred
10c
series
series
__
$20c
$$1.75
$30c
$$1.25
2c
60c
(quar.)
(quar.)
preferred
5c
Machinery Industry series
Merchandising series
Bond
Stock
2-25
50c
Canada,
6C
2T14
1 VaC
Shares
1-22
1-31
of
6c
2-28
6V2C
Shares
Insurance
8c
Extra
Government
2-14
3C
Building Shares
•2-14
l'/aC
1
2-14
2-28
2-28
(s-a)_
preferred
$4.25
7c
2-28
Ltd.—
preferred
Insurance
Light
preferred
2-15
7c
Supply Industry
Equip. Industry
Chemical .Industry series
Electrical,Equip. Industry
Food industry series
Business
(quar.)
(quar.)
Ltd.
Products Co.,
40 c
(quar.)
series
Building
2-15
36 Vic
(quar.)__
—
5c
York Stocks, Inc.—
Agricultural Industry series
Alcohol fc Dist. Industry series
Automobile Industry
series
Bank
(quar.)
Railway Co
(quar.)
14c
Selected Group series
Preferred Stock seTies
iy2c
_._x.
1
2-15
2-
5%
15c
6 y2c
Shares
13 %c
Series—
series
New
3-3
2-25
2-25
$1.12%
Car
Distillers
8%
National
2-10
3-15
quar.)
Utica Knitting Co., common
7
3-20
(increased
Rubber Co., common
8%
7
2-20
2-45
2-25
15c
(Del), series B
U.
4-
2-20
2-15
3-15
—
convertible
Co.,
Electric
S.
2-13
$5
2-10
3-15
participating preferred
4-
$50
3-10
3-1
25c
United Milk
1
10c
(annual)
(irreg.)
Insurance
Brothers,
Street
United
1
3-10
Co.
Inc.
Union
5-
3-31
Steel
&
Universal
Uarco,
5-
$1
1
4-1
$31 Vic
Union Tank
1
3-15
$2
(quar.)
Co.
4-
$1.50
(quar.)
Accident
Tyer Rubber
$3
50c
Light
3-io
preferred
Trinity
3-10
Gas
1
Elevators, Ltd.—
New common (initial)
5%
Britain
3-
Canada, Ltd.—
(quar.)
Timken Roller Bearing Co.
Tokheim Gil, Tank & Pump
5%
New
2-13
$10c
15c
3lJ4c
.
of
Company (quar.)
Thompson Products, Inc.,
1-31
3-10
2-14
Texas
2-17
3-10
1
3-11
10c
Talon, Inc.
7
2-18
3-7
3-
25c
Sterling Drug, Inc. (quar.)
Strawbridge & Clothier, 6% prior pfd.
3-10
3-28
1
23c
2nd
Stedman
2-
3-28
3- 8
4-
15c
Extra
45c
2-28
4-15
3-20
Investment
(quar.)
Participating
25c
5c
4-25
9iy4c
25c
(quar.)
Company, $5.50 1st pfd.
preferred (quar.)
$5.50
By-Produets, Inc. (quar.)
Dairy Products Corp. (quar.)_—
National Pumps, 5 V» % preferred
(quar.)
25c
3-14
Pen—
(initial quar.)
preferred
Spear &
National
•
(W. A.)
Southern Natural Gas Co.
National
2-10
2-21
3-14
4-1
4-
$1,283
preferred (quar.)
Bag & Paper—
4 % % preferred (quar.)
Southern California Edison Co., Ltd.—
6% preferred B (quar.)
3-20
2-21
2-11
1
6%
2-26
$1.50
2-11
Southern Advance
2-25
$1.50
(quar.)
Securities
1
3-15
$1.75
60c
(quar.)
Socony-Vacuum Oil Co
Soundview Pulp Co., com.
4-
Stock
8
3-1
-
Simonds Saw
3-12
1
2-
3-
& Sons, Ltd., common (quar.)—
preferred (quar.)
Simon (Wm.)
Brewery (quar.)
$1.75
75c
50c
3-10
.'.v
15c
$1.25
Extra
50c
(irreg.)
(quar.)
National Automotive Fibres
2-
87y2c
(quar.)—
5%
$1.25
A
Equipment
3-
20c
(auar.)__
(Wm. R.) D17 Goods (quar.)
Morgan (J. -P.) & Company (quar.)
Muskegon Motor Specialties—
2-21
2-20
50c
A
Moore
2-15
62 y2c
Public
2-20
1
Co.—
(increased)
Missouri
1
3-
$1.50
Regulator
3-
$1.27%
preference
/
Quarterly
.
(quar.)
convertible
%
1-20
$1
35c
A
common
7%
2-20
(quar.)
Minneapolis-Honeywell
2-5
1
Simon (H.)
93 %C
1 irreg. 1
fquar.)
Planting Co.
preferred
Insurance
Life
1
3-15
Mutual
5%
preferred
(quar.i
$5.10 1st preferred (quar.)
2-15
1
Corp.—
pai-ticipating
2-15
ft?-
Toronto
Minneapolis Gas Light (Del.)—
5V2 % preferred (quar.)
$3.25
__
2-15
(increased- quar.)
Common
4
25c
(increased)
i
■"&
1
Extra
2-14
Mead
(quar.)
2-18
.1-28
3-
2-15
Standard Pavings & Materials,
McGraw-Hill
Metal
preferred
3-20
3-21
(quar.)
2-10
Ltd., 4%
3-31
2-18
preferred
3- 1
-
preferred
(quar.)
Standard
1
preferred
'£)•
(initial)
3-20
1
second
2-15-
50C
3-31
4-
Publishing
Corporation, common
1
3-12
35c
International
Sherwin Williams Co.
3
3-
7
& Co.
Canadian
Sheaffer
2-26
75c
_
2-15
3-
15c
Extra
8
3-15
$3.65
Co.,
Roebuck
5%
4-30
85c
(quar,)
common
(quar.)
(quar.)
1
Seisemograph Service Corp. (quar.)
Serrick Corp., class A (quar.)
1-31
2-15
18 %c
Stores,
preferred
preferred
McColl-Frontenac
4-15
2-15
25c
(increased
3-
participating preference—
Securities Acceptance Corp., com. (quar.)
1
35c
(quar.)
Co.
25c
(s-a)
$10c
(quar.)
Department
May
1
4-
Mfg.
2-15
Trading Corp.—
preferred
4-
1
Scovill
2-14
1
25c
(quar.)
2-18
-
(quar.)
$10c
R.)
1
(quar.)
Brothers, Inc.
3-
25c
(H.
2-10
3-
—
Regis Paper—
4.40% 1st preferred A
Second
$1.25
(quar.)
2-20
25c
(quar.)
preferred (quar.)
preferred
Sears
5
25c
(quar.)
common
preferred
non-cum.
4-
5-15
7%
4-17
$50c
Extra
3-10
1
3V2%
3-
$1.50
(increased quar.)
30c
quar.)
Real Silk Hosiery Mills, Inc., com.
5% prior preferred (quar.)
3-15
20c
(quar.).
2-21
«. .D
St.
$$2
(quar.)
3-10
1/20 Share Indiana Gas & Water Co
1
25c
& Sales Co.
Inc.
& Paper
Power
2-20
Indiana—
4-
25c
Extra
2-24
3-21
of
2-28
62%C
(accum.)
3-1
dividend)
2-15
30c
(s-a)
2-8
$1.75
$3c
Co.
(stock
1
25c
Co.
(quar.)-
Proprietary Mines, Ltd. (interim)
Public Service
1
10c
preferred
G%
l:!i
2-15
(quar.)
3-
$3
Tailors
m
2-15
Co
America
4-
21 17/50C
(quar.)
3
4"15
15c
New
(quar.)
1
4-15
50c
.
Princess Vogue Shops, Inc., 60c pfd. (quar.)
Princeton Water Co. of N. J. (quar.)
2-18
50c
common
4-
$1
(increased
preferred
Fuel
of
Co.
Class B
(quar.)_
Custom
MacMillan
1-31
4-
convertible
Pocahontas
10c
shares
3-15
$1.25
2-15
1
Co.,
(s-a)
3-7
1
I
fit
25c
3-
A.—
Inc.,
H.)
3-31
4-
I
"'^1
■'
•,■11
$1
$1.25
$1
Extra
95c
:
50c
5
Pittsburgh Coke & Chemical Co.—
3-31
$1.50
MacLaren
3-
25c
i
Extra
2-20
-
Pitney-Bowes, Inc.
5
6
preferred (quar.)
D.) Company (quar.)
Macmillan
-
Electrical
4-25
1
(increased quar.)—
2-10
5c
(H.
Lyon
12-23
$1
"Group Securities, Inc."—
Agricultural Shares
.Chemical
2-
5-1
3-
30c
pfd.
7%
2-
3-31
$1.37 '/a
Company
(quar.i
Company, common
Legare Co.,
3
5C
Extra
1
$1.06 y»
Extra
Castings Corp.—
Aviation. Shares
3-
(quar.)
(increased)
S,
preferred
(M.
$2.50
2-14
25c
Extra
Extra
2-25
10c
$1.061/4
3-7
J-W
5
50c
Philadelphia Suburban Transportation—
Quarterly
7
Extra
2-15
2-28
'
Automobile
2-
-
2-15
2-
(quar.)
S.). Co.
Consolidada
preferred
Lane-Wells
Co.
3-20
3-
$1
-$6 preferred (aceum.);
General Tire & Rubber Co.
(quar.i
Goebel Brewing Co.
(quar.)
Griggs Cooper & Co.
2-10
55c
$6
2-14
3-31
25c
(quar.)
preferred (quar.i.^
$3.75 preferred
(quar.i
Western
1
3-
50c
iquar.i
$5
&
2-20
3-
3-20
K-l
Lamston
"
Debenture
2-13
-
3-10
2-20
50c
General America Coip.
(quar.)
General American Transportation
Corp
General FireprOofing Co., common
(quar.)_
7%
preferred (quar.);.
Gfeen Bay
$1.25
$1
1
$1
Pettibone Mulliken Corp.
60c
60c
(quar.i
4% preferred (quar.i
Fliller Brush CO., class AA (increased
quar.)
(Common class A (increased quar. 1
Great Lakes
2-20
(quar.)
Pfaulder Company
90c
$25c
(quar.i
(quar.i
irreg. I
common
Inc.-;
1
15c
(quar.i
Co.
Paul,
4
(s-ai-_
Y.)
(quar.)
Co.
Gear,
3-15
15c
Co., common (increased)
$4 preferred (quar.)
Frtiehauf Trailer Co., common
.
(N.
(reduced)
preferred
American
2-28
2-20
La
3-12
3-14
25c
$$1.12%
(quar.)
Associates
Gas
Machine &
3-
$1.75
Corp.
Co.,
50c
-
2-
Keystone Custodian Fund—
$50c
iquar.i
Firestone Tire & Rubber*, 4V20<
pfd.
Fishman (M. H.)
Company (quar.i
Food
Co.
Kearney & Trecker
2-21
$40c
Golden State
2-15
3-31
-
Extra
1
2-15
40c
Steel
2- u
3-
-
■
Pepperell Manufacturing
4-
11 %c
City- Power & Light—
preferred" (Initial quar.)
3.80%
$87V2c
Flintkote
General
3* 1
30c
-
$5 preferred (quar.)
Peoples Gas Light & Coke
xiy»%
.
Company, common
preferred (quar.)
Kansas
75c
I
Motors,
$1.12&
$1.75
-
Extra
.
-
*
Co.
xl %%
D
2-!2
-
(quar.)
Common
(quar.)_.
1-31
3- 1
3-15
:
(initial)
Fire Insurance
15c
$5
Interim
General
Corp.
X$1.75
Tea
4(4%
2-15
3-
$1.75
common
Rubber
Coal
Common
Ltd.
(quar.)
B
Insurance
JeWel
6
$1.75
Equity Corporation, $3 conv. pfd. (accum.)
Equitable Life Insurance Co. of Canada—
•
Canada,
2-15
„
■
Co.—
3-12
$20c
1-23
25c
Extra
Faultless
Service
xiy4%
A
preference
Jersey
2-18
$1.75
Employers Reinsurance Corp.
«
of
3-24
15c
(quar.)Palestine Economic Corp.—
Parker (S. C.) & CO., 40c
pfd.-(quar.)
*
Parkersburg Rig & Reel, $4.25 pfd. (quar.)—
Paton Mfg. Co., common (quar.)
7%
preferred (quar.)_
—
Penney (J. C.) Company (quar.)
Pennsylvania Water & Power Co.—
$5
)
2-18
3-
$1.75
common
(quar.)
Natural
held
Co., 4%% pfd. (quar.)^——....
Sand, 7% preferred (accum.)
Potash
2-10
3-
preference
Leonax*d
Pepper Co
Paso
share
(quar.)
-
2-11
3%
Co.
2-27
4- 1
$$1.50
30c
2-15
3-
$1.75
Eddy Paper Co., Ltd., class A
El
Pacific
Peter
$1.50
preference C
3-
62 V2c
Utilities
1
3-10
50c
Light & Power—
$17c
Lee
(quar.)
Electric
Ben
2-28
25c
2-15
4 VaC
quar.i
Eastern
Old
Laboratories for each
Water
3-15
$1.06 y4
.
(quar.)
2-15
$25c
quar.)
(quar.i
Dumont
40c
preferred
Perkins
90c
Quarterly
2-11
$25c
Co..
quar.)
preferred (quar.)
Yeast Co.—
Scotia
2-15
t40c
1
Ltd.—
preferred
Fearn
3-15
37y2c
(s-a)
Nickel
1
Lansing
(quar.i
Drug
1%
1-31
3-14*
1
20c
preference
International
3-
$1.50
Extra
Dow
2-15
4-
7
$10c
3-
40c
(quar.i
preferred
3-
2-10
$1
Interim
2-25
35c
convertible
Co.
Peanut
35c
50c
(reduced)
Dominion Envelopes & Carton—
7%
preferred
(quar.i
Donnacona Paper Co., common (s-ai
4%%
4-
When i Bolderif;; w;'
Payable of Rec.
Liquidating distribution of four shares of
25c
—
Municipal Water Co.—
preferred
(quar.)
6%
1
12V2c
(quar.)
deposit
receipts
for
ordinary
registered
Distillers Corp.-Seagrams, Ltd. (quar.)
Dixie Cup Co., common
•
4-21
30C
(quar.)
Imperial Tobacco Co. of Canada, Ltd.—
Ordinary (final)
American
A
Co.
1-31
3-15
$40c
Beep Rock Oil Corp
Class
7
Kent's Restaurant & Baking—
(quar.)
preferred
2-13
$1.50
Co
(Tom)
Illinois
2-15
3-
Crum & Forster Insurance Shares—
7%
(increased
convertible
12%c
2-12
3-
75C
(quar.)
Dentists Supply Co. (N. Y.i,
7%
preferred (quar.)
1
preferred
Series
Corp.
3-
(quar.)
(quar.)
Houston Lighting & Potver (quar.)
Howard Stores Corp., common (quar.)
4 V4 </V preferred (quar.)
3
20c
Ltd
Corp.
25c
(quar.)
Glass
Mining
$4
2-10
5-
$$5
Coronet Phosphate Co. (irreg.)
Corrugated Paper Box Co., Ltd.—
Initial quarterly,
Crown Capital, class A ilncreased
Distillers Co.,
$2
Northwestern
34 %c
H
$1.25
Aircraft
3-10
25c
Co.—
Corp.
2-
3-10
1
2-10
50c
Utilities
Consolidated Vultee
1
1
4-
2-14
3
25 c
Ltd
Co.,
34-
$1.06 y4
(quar.).
Refractories, com,
preferred
Hazel-Atlas
2-18
20c
Lines,
$7C
$1.12%
.
pfd.
4V2%
50c
2-15
2-28
5
.
(quar.)
Co.,
(quar.)
2-20
1
50c
Consolidated
Ltd.
Paper
25c
(quar.)
3-20
3-
(Dallas)
prefeired
Harbison-Walker
1
2-28
Mines,
4(4 %
4-15
3-15
50c
Co
Amusement
preferred
2-14
4%c
6 %
(irreg.)
7%
2-14
2-28
Shares
Broadcasting System, Inc.—
preferred
2-28
Shares
87 V2C
(quar.i
(irreg. 1.
Commonwealth Telephone
$5 preferred (quar.i
7%
Ohio
Utilities
$15c
(quar.i
tquar.)__;
Wire
Steamsiiip
preferred
Power
Ohio River
2-14
Tobacco
8
$1
B
7%
Ohio
2-14
2-20
75c
(quar.)
Colorado Milling & Elevator Co., common
$3 preferred (quar.)
.
2-14
2-28
iy2c
Shares
25c
guaranteed
Consolidated
2-28
2-28
2-
50C
Class
Oak
2-20
15c
(quar.)_
(quar.)
Knitting,
A
2-14
1
$1.75
(Mo.)
(quar.)
Extra
Class
2-28
(quar.)
Manufacturing Co.
1
$5c
Columbia
6%
3
40c
Extra
'Colonial
2-14
3-
50c
common
(quar.)
Collyer Insulated
2-28
3-
50c
Cleveland & Pittsburgh RR.—
7% guaranteed stock (quar.)
,
Nova
3-
$38c
Insurance
Collins & Aikman
2-14
30c
$1.06 V*
$3 preferred iquar.i
Milling Machine Co., com.
special
2-14
2-28
lc
2-28
Ltd.—
common
Mills
preferred
2-28
4c
2-28
1
Huston
Chicago Corp.,
4%
1
$12c
(initial)
(quar.)
&
Ribbon
,
44-
Trust—
(initial)
(interim)
Surety
Circle Bar
$$1.50
2-14
5c
Shares
Stock
2-28
3y2c
Equipment Shares
2-14
25c
—
preferred
preferred
'4%
Railroad
2-14
lc
Shares
2-14
2-28
2-28
5c
Bond
Railroad
1-20
35c
(quar.)
Company,
Cincinnati
1-20
1
$$5.50
Lumber,
Carpenter Steel Co.
(J. I.)
Company,
7%
1
2-
$37V2C
Case
Century
Railroad
2-28
13C
Common
Share
Corp.—
1%C
snares
Petroleum Shares
2-17
25c
(accum.)
preferred
Central
1
45c
(quar.)
Western
&
5%c
*
2-
$1.25
(quar.)
International
414%
3-
Extra
Merouandisxng
Mining Shares-
5
20c
Capital Wire Cloth
New
2-28
25c
common
(quar.)
preferred
Carman
2-
3-15
90c
Terminal Co,
Canada Dominion Sugar Co., Ltd. (quar.)
Canada Foundries & Forgings, Ltd.—
Canadian
2-15
30c
Bush
5%
$1
93 %c
(quar.)
Co._
Fund, Ltd.
Burton-Dixie Corp.
Canadian
2-13
50c
(interim!
common
(quar.)
Bullock
A
2-28
20c
(increased quar.)
Brunswick-BalkO-Collender
Class
2-15
$1
Forge
Shares
'-V■
American Car
„
Company
preferred
Name of Company
North
—
10c
preferred
Buffalo
Holdert
$1.05
Co., common
$3.60 preferred (quar.)
$5
—
(quar.)
Brown Shoe
.
(quar.)
common
Mills
3%%
(Continued)
When
Payable of Rec.
lc
2-26
75C
Spencer
Bristol-Myers
Low-Priced
2-21
3-10
2-28
$1.50
(quar.)
preferred
Blaw-Knox
3-15
30C
Black Hills Power & Light Co.,
$4.20
Group Securities, Inc.
2-18
$$1.75
Ltd.,
Share
5c
1st preferred
(quar.)
prior prefeired (quar.)
preferred
1
$25C
—
class A (quar.)
Beaux-Arts Apartments—
Belding-Corticelii,
Name of Company
5c
Building, Inc. (quar.)
Shippers Ins. (N. Y.)
$1.20
"7%
3-
$1.25
(quar.)
Barber-Ellis Co. of Canada, Ltd. (quar.)
Barlow & Seelig Manufacturing Co.—
$3
Per
Holdert
50C
37V2C
(quar.)
Co
Corp.
Bankers &
$6
25c
When
Payable of Rec.
50c
Atlantic. Refining
Atlas
MtyV»»|uJMiWq« v^HMffiW^lj;
—
2-15
2-10
2-15
2- 7
2-20
2-10
2-
1
1-22
3-
1
2-14
3-
1
2-14
2-22
2-10
4-
1
2-24
4-
1
2-24
-
Per
announced in previous
and not yet paid.
The lift dees net include divi¬
announced this week, these being given in the
the dividend!
Below we give
weeks
dends
Share
Name of Company
Ltd.—
British-American Tobacco Co.,
Interim
preceding table.
.— -
Interim
(Del.) (quar.)
(increased quar.)
Agnew-Surpass Shoe Stores (increased quar.)
Acme
Industries
Acme
Wire
Co.
Mills,
Alabama
Allied
Kid
Alpha
Portland
Co.
(quar.)
Cement
Aggregates
American
pfd. (accum.)_
preferred (quar.)
American Box Board (quar.)
20c
American Can,
Common
(quar.),,
$6 pfd. (accum.) _
(accum.)
:
American Fork & Hoe, 4%% pfd.
(quar.)_
preferred (quar.)
American & Foreign Co.,
preferred
$7
Furniture
American
General
American
preferred
American
Home
American
Indemnity
6%
preferred
non-cum.
common
(quar.)
American Potash & Chemical, class A (quar.)
Class
B
3- 1
3- 1
3- 1
2-14
2-14
2-14
3-12
2-27
(increased)
Co.
Radiator
American
Corp.,
Special
preferred
(quar.)
2-19
3-
1
2-19
2-20
3
3-
3-15
3-
5
3-31
2-21
3-
25c
50c
50c
3-14
2-14
Canadian
2-28
2-
3-15
2-28
4-
53%c
75c
43-
2-10
50c
3-
2-10
75c
3-
(quar.)
Rolling Mill Co
American Smelting & Refining Co
Steel Foundries
American
Stores
American
Co
American Thermos Bottle,
Tobacco
American
Co.
4%%
pfd.
(quar.)
(quar.)
Extra
(quar.)__:
B
Vitrified
3-20
2-10
Central
7-
6-27
Central
Foundry,
20c
2-13
2-
3
Central
Louisiana
Central
New
3-
1
2-10
3-
1
2-10
tl5c
Arden Farms Co., common
25c
$3 participating preferred (quar.)
75c
Participating 1,
6'Ac
Argus Corp., Ltd., common (initial)
110c
4%% conv. preferred
(quar.)
$$1.12%
Armour & Co., $6 conv. prior pfd. (accum.),
$10
A
(quar.)
7
Liqueurs Corp.
6%
7%
Atlantic
7
Chesapeake
3-
1
2-
7
Chestnut
3-
1
2-
7
Chicago Mill
3-
Radio
Co.
Co.,
>•
;
1
2-15
7%
1st
1
2-15
7%
2-20
2-
7
7%
2-15
3-20
2-10
1-31
25c
20c
3-
1
2-15
$1.50
3-
1
2-24
25c
3-
8
2-14
3-1
30c
$$1
3- 1
3- 1
1-31
20c
12y2c
2-15
2-
1
2-15
$1.06%
3-1
2-15
$i0c
3-15
2-28
3-
1
4%
5%
Mines,
Ltd
(s-a)
________
Associates,
Inc.—
Pictures
2-19
3-
3
2-19
$1.25
3-3
2-19
$25c
2-15
1-31
Community Frosted
50c
(quar.);
2-15
1-27
Concord
2-15
1-27
$1.50
3- 3
2-10
$1.75
Corp., common
(quar.)
4-
Ltd.
optional
of a share
pfd.
conv.
convertible
7%
or
in
2-20
2-26
10c
3-15
3-
1
$2.40
2-15
1- 3
$2.20
15c
2-15
2-
1
2-15
2-
1
56%c
3-15
2-28
Gas
stock
(Sidney)
Co., 7%
(H. C.)
$1.75
(accum.)_
~
Woven Hose &
2-
8
3-14
2-28
3-
1
2-11
75c
(quar.)
2-25
2-13
$2.75 pref. (quar.)
'
Bearing
Bowes Company, Ltd., class A (initial quar.)
Bowser, Inc., $1.20 preferred (quar.)
Boyertown Burial Casket
(quar.)
*
X
--
*
1-31
2-25
2-15
68%c
2-15
2-
1
50c
3-20
3-
4
$12 %c
2-15
1-18
3-
2-18
Roller
•
2-20
50c
Bourjois, inc.,
2-14
3-12
16c
Rubber
»
1
60c
(increased) (
•
2-10
1
4-
50c
Inc.
*
1
2-15
50c
(increased)
Fund
3-
20c
1st pfd.
30c
35c
,
•"
3-
6,2%o.;
-
T
V
,viw..
1
1
2-19
2-24
3-10
Vv
.
5%
2-
1
5%
2-15
2-
7
f
8
2-25
1-15
2- 5r
3-31 *
3-15
2-21
2-14
25c
3-
1
2-14*
$1.25
3-
1
2-15
$1.25
3-
1
2-14
$1.25
5-31
8-30
$4
—
preferred (quar.)
2 -10-48
2-15
Fajardo
Sugar
Falstaff
Brewing
4-
1
3-
5
Fanny
4-
1
3-
5
3-20
3-10
2-15
1-22
37 %c
3-
1
cuse,
1
2-18
Co.
of
Corp
N. Y.)
(quar.)__
Co. (Syra¬
(quar.)
Inc. (quar.)
Electric,
Federal
class
25c
3-
1
2-10
Ferro
15C
2-15
1-20
Field
Firth
Carpet Co.,
$1.06 %
2-15
2-
40c
3-10
20c
3-27
3-11
$%c
2-25
2-
2-15
30c
3-
(quar.)
Corp.,
Assn.
8
Ltd.—
1
1-15
12-31
—
$1
(Toronto)
2-
2-15
$$1.50
(quar.),
3-15
1
3-10
$5 non-cum
preferred
Four-Twelve West Sixth
5
5
56 %C
3-
3-
1
10c
Inc.
4-
2-15
1
3-20
Gabriel
Ltd.—
1
3-
6
Gar
Consolidated
Edison Co.
Inc
40c
3-15
2-
7
2-
2-28
3-
3-
1
2- 3
(quar.)
25c
3-
$25c
Consumers
Glass Co.,
Consumers
Power
$4.50
Container
Corp.
Continental
$3.75
Cook
$3
Ltd.
Co.
preferred
Y.,
Coro,
&
preference
2-20
2-
Varnish,
Co.
common
-—
(quar.) —
Co.,
preferred
,
-
j*
2-24
2-10
General
2-15
2-
5
General
40c
(quar.),'
___i
(quar.) —
2-14
2-28
2-18
2-28
15c
'
$1.50
3-31
.
.2-18
1
2-15
4-15
2-15
2-
X
3-15
2-
5
3-31
1-15
1
2-14
1
2-14
5-15
5- X
8-15
8-
56'Ac
25c
3
2-15
2-15
2-15
3-15
X
2-15
2-
X
2- 5
2-
X
2-14 !
3-
1
2-14
15c
3-
1
2-181
25c
5-24
5-1©
50c
2-15
1-25
10c
2-15
2-
40c
2-15
1-31
3-
2-10*
84 %c
1
5
25c
General Plywood (initial quar.)
.
General Steel Wares; Ltd., common
2-18
2-15
2-
25c
(quar.-),-—
3-12
$1,50
2-15
2- 4
25c
(quar.)
Phoenix, $1 preferred
preferred (quar.)
3-
X
$1.75
Foods
Paint Corp.
2-
10c
Cigar Co., common
preferred (quar.)
General Dry Batteries, Inc.
—
General Finance Corp., 5% pfd. A (s-a)
2-14
15c
4-
2-15
25c
(quar.)—
Industries 4%% pfd.
•3-15*
$1.50
2-15
2-15
3-
Co
Company
1
12 %c
1
3-
25c
1
2-25*
3-
2^19*
10c
$1.06 %
(quar.)
1
3-15
'
'
56V4c
(quar.)
3-
25c
5
S
3- 3
62 %c
-
4-
2-
3
2-
30C
7%
General
S
2-
$8
■3-
3-14
2-
1
$2.50
20c
1
2-20
93% c
(quar.)
Wood
1
3-
2-15
7c
75c
4-
50c
(quar.)
(quar.)_____
7
8
3-
37 %c
Corp. (increased quar.)
General Industries Corp.
(quar.)
General Metals Corp
t~~~
7
General Mills, 3%%
conv. pfd. (quar.)
General Outdoor Advertising Co., common,,
6% preferred (quar.)
$1.12 %
preferred
Inc.
1-27
50c
(quar.)
Paint
Extra
2-28
(initial)
Cprnell Wood Products, common
•6%
2-15
(quar.)
common
(interim)
Co.,
preferred
1
America
of
4-
$50c
(quar.)
(quar.)
Can
Brewing
N.
common
prior
Cooper
of
Corp.
5
$1
General
Laundries
10-15
60c
Insurance
4%% preferred
Steel
Gamewell
Bakeries of Canada,
7-15
1
10c
Oil
Fullerton
1
1
25C
Quarterly
Quarterly
2-15
1
$1.50
(quar.),,
4-15
58-
11-
25c
(s-a)
Life
2-
3-15
3-25
Co
Simon,
2-
3-15
1
3-10
■—
Franklin
1
3-31
4-
2-15
(quar.),
Corp.,
Power
Franklin
1
8
5c
Freeport Sulphur Co. (quar.)
Friedman (Louis) Realty Corp., com.
3-
2-13
$1.25
Marshall Field)
5% preferred (quar.)
(see
6-10
3-
2-27
75c
9-10
55c
2-15
25c
6-15
60C
1
$2.50
(quar.)
9-15
(quar.)
3-
25c
A
$$1.50
(quar.)
Connecticut Power Co. (quar.)
Connecticut River Power 6% pfd.
2-
50c
$$1.50
Power Co.—
1
50c
4% preferred
Flour
Mills of America
Fort Pitt Bridge Works
Foster & Kleiser Co.,
common
6%
prior preferred
(quar.)
Foundation Investment Co.—
Florida
1-30
3-
37 %c
Common
1
2-15
3-12
25c
2-14
quar.),
1
50c
Park,
Mogul Corp
Enamel
Corp
(Marshall) & Co.
(quar.)
(increased
2-15
3-
25c
(increased)
Porto Rico (quar.) —
Quarterly
Quarterly
2-18
3-
1
50c
Morse & Co.
Farmer Candy Shops, Inc.
Traders Life Insurance
Fashion
5
3-31
3-15
3-
$1
Farmers &
25c
1
50c
(Thei
1
50c
3-31
4-
25c
3-
87 %c
3-31
4-15
25c
Extra
Fair
4-15
30c
(quar.)
preferred (quar.)
Faber, Coe & Gregg (quar.)
11-10
8-15
11-15
30c
5%
9
5-16
1
12-
$1.25
common
Fairbanks.
preferred
Connohio,
'2-15
2-
$$1
(quar.)
6-20
(accum.)
preferred
3-20
1
75c
(quar. 1
Inc.,
1
3-
t$l
—
4-
Extra
50c
(New Hampshire)
Life
25c
(quar.)
1
Quarterly
3-
8-15
Consolidated
of
75c
2
Foods
Connecticut Light &
Consolidated
preferred—
common
9-
preferred
preferred
preferred
7-
Quarterly
Quarterly
1
cash
5%
$1.12 %
International
preferred
10c
(quar.)_
5-15
Quarterly
75c
$2.25
2
2-16-48
(s-a),,
Commonwealth
3- 1
15c
6-
Shearing & Stamping
Confederation
Co.,
Company
Commercial
.
2-15
9-20
2
$15c
Federal
Co.
3-3
Ltd.—
1
Corp.—
50c
50c
preferred
5%
Railroad Co.,
Erie
3-
10-
$1.25
Goods
Empire District Electric, 5% pfd. (quar.)
Co.—
(quar.)
Carbon
25c
25c
(irreg.)
Rubber
&
$4c
&
preferred
Columbian
..Commoil,
Hose
25c
Electric
Gas
25c
Ely & Walker Dry
$3.50
preferred
convertible
$4.25
3-20
Electric
Fuel & Iron—
Columbia
6- 2
6-20
$1.75
common
3- 1
2
4
(quar.)
3-15
7- 2
50c
Inc.,
Stores,
preferred
2-17
4-
l-i5
11-15
Colorado
3-10
9-2
2-
$1.75
Colonial
3- 1
1
30c
4-15
2-14
(quar.)
2-17
$1.18%
5
2-
1
2-15
3-
2-
2-15
5-
Eversharp,
(quar.)
5
2-15
75c
$6.50
7
(quar.)
2-
12- 1
2-
2-18
preferred
1st preferred
2nd preferred
Corp.
2-10
2-15
12-15
2-25
8-
Coal
3-20
2-25
$1
$1.12%
$1.50
$1.25
Colgate-Palmolive-Peet Co. com.
$3.50 preferred (quar.)
2-20
2-20
1
4-
6-16
$1.25
Illuminating
3-10
3-10
10c
50c
—
9-15
$1.25
(quar.)
3-20
1
$1.50
3-
1
Pacific Ry.—
(quar.)
5
4-
$1.50
3-15
8-15
Electric
2-
$1.50
3-15
$1.75
preferred
7
2-15
50c
preferred A
2-20
(quar.)
Common
2-
1st preferred A
4
5-10
Machine
7
2-15
1st preferred A
20c
(s-a)
Corp
2-
$1
35c
(quar.)
1
2-15
25 c
(increased)
3-31
5-15
Clinchl'ie-ld
2-1
2-15
(quar.)
Co.
1
4-
20c
3-
$1.75
$4.50
A
4-
4-15
25c
(irreg.)
30c
(quar.)
Cleveland
Products Co.
2-15
4-15
15c
A (quar.)
(The)
(quar.)
75c
1
1
$2 par and no par
5
3-
2-15
3-
$2 par and no par
1
2-
1
$1
value (quar.)
value (quar.)
$2 par and no par value (quar.)
$1 preferred (quar.)
Eastern
Steel Products,
Ltd. (resumed)
Eastern Theatres, Ltd.
(interim)
Eaton Mfg. Co.
(quar.)
:
Eddy Paper Corp. (irreg.)
2-
2-15
3-
75c
2-15
2-15
1
$20c
25c
20C
1-15
3-
50c
(quar.)
(quar.)
(quar.)
6% 1st preferred A (quar.)
6% 1st preferred B (accum.)
Eastern Racing Association, Inc.—
8
3-
1
2-15
$25c
6%
2-15
3-10
4-
1-31
2-15
6%
__
$1.12%
1
3-15
$1.12%
(quar.)
common
Hosiery Mills, com.
B
(increased)
1st
6%
25c
preferred
preferred
Clearing
Ltd.—
common
& Sons.,
Steel
W.)
"iW;-vTv"r
1
1
1-31
3-
$32 %c
1
50c
1st
Society—
(quar.)
Boston
V.
1st
3-
23c
£ Brewing #.Corp. of America (quay.) _______
A
7%
7%
Co.,
Utilities
3-
5c
15c
(quar.)
common
Manufacturing Co.
Bower
3-
4-
$1.75
Boston
i.
#
50c
$1.12Va
1
3-
Dwight Mfg. Co
Eagle- Picher Co. (quar.)
Eastern Massachusetts Street Railway—
2-15
1
City of Paris Dry Goods—
7% 1st preferred (quar.)
Bonn Aluminum & Brass Corp. (quar.)
Bond Stores, Inc. (quar.)
Boss
3-
2-15
2-
2-25
Common
2-10
1
3-
$3 preferred (quar.)
Borden
.
3-
1
2-15
$50c
Ltd
Co.,
Co.
Steel
Dunn
3-
12-31
$30c
preferred A (quar.)
Corporation, common (quar.)
4% preferred (quar.)
Drewrys, Ltd. U. S. A., Inc. (resumed)
Dun & Bradstreet, Inc., common (quar.)
4 % %
preferred
(quar.)
1
2-
2-15
1
7
2-15
4%
2-14
1
3-
$1.05
10c
Blue Ridge Corp., $3
;
$1.25
6-20
7-
2-
1
Dravo
7
2-15
3-15
2-10
Manufacturing
Blackhawk Brewing Co.
(quar.)
Blair & Company
(year-end)
Blauner's (Phila.), common (increased quar.)
;
2-
7
8-15
Ltd.—
(quar.)
preferred
conv.
Drackett
1-15
1
25C
(quar.),
Blumentha!
3
3-
2-
8-15
$$1.25
preferred
$4
1
Ltd.—
25C
50c
(John)
preferred
Bonack
2-
(s-a)
Binks
93
1-15
3
15c
(quar.)
(quar.)
(quar.)
Columbia
Payment
2-15
2-
3-
8-25
8-25
Paper Co., Ltd.—
Chemical
Dow
7
15C
(accum.)
Ltd. (increased quar.)
Stores,
Industries,
Dover
1
2-28
Citizens
Spinning
(quar.)
convertible
(E.
1-31
2-15
Extra
Bliss
3-
2-10
1
Extra
u
3-24
3-
Fine
1%
1-24
7
2-
12 %C
Brothers, Ltd.
(quar.)
Douglas (W. L.) Shoe Co.—
$1 convertible prior preference
12-12
7c
(quar.)
Quebec
Bethlehem
2-15
2-10
2-
1
7%%
Donohue
1
$$r.25
(quar.)
Gas & Electric
preferred
preferred
preferred
1-31
4%%
2-15
2-
5%
Best & Company (increased quar.)
.
1
2-14
$25c
Berkshire
A
3-
2-15
1
Paper
preferred
Class
$$1
Donnacona
3-
(quar.),,,
&
Belleterre
$5
Dominion
2-15
5%
Shoe Corp.—
Howell
Bertram
3-15
1
2-15
Manufacturing Co. (quar.)
Belding-Corticelli, Ltd. (extra)
Belding Heminway Co
j
1
3-
1
Belden
Common
4-
$20c
Investments,
preference
4-
*$2
3-
(irreg.)
preferred
'"4%%
Co.
2-15
Co., Ltd.—
deposits receipts
J25C
5%
(quar.)
(A. S.)
Dominion-Scottish
2-13
(quar.)
Power
Class A
2-28
1
Life Insurance
quarterly
Oil
6-31
1
3-
Show,
shares
Increased
Bathurst
1
4-
25c
25c
25c
20c
Security
Barnsdall
&
Chilton
Los Andes—
de
7-
$18%C
5%
1
$1.50
(s-a)
2-28
'
2-
1-31
preferred
1
2-28
7
3-
3-
$1
4-
1
2-
$1
partic.
$3
5
1
50c
$750
(quar.)
2-13
2-14
-
2-15
& Lumber
3-
1
(s-a)
B
Amer.
5
8-
50c
30c
RR.
Hill
2-15
Class
5-
11- 5
75c
class A
1-29
Cincinnati New Orleans & Texas
(s-a)
(s-a)
preferred
participating
1
3-
37 %C
(quar.)
(extra)
1
2-13
preferred
11-15
3-
1
7%
50c
2-22
3-
„
(quar.)
(Interim)
Dobbs Houses, Inc. (initial)
Dodge Mfg. Co. (quar.)
Dominion & Anglo Investment Corp.,
5%
preferred (quar.)
Dominion Bridge Co., Ltd. (quar.)
Quarterly
7
(quar.)
8-15
Giorgio Fruit,
Distillers
Chicago Yellow Cab
Chile
Copper Co.
1
5-15
50o
1-29
Cincinnati
American Insurance Co.
preferred
4%%
1-31
2- 5
50c
2-28
Virginia
of
Corp
3-12
5c
Bankers
3-10
3
2-15
1
(quar.)
Locomotive,
American
■
3-15
2-6'
50c
2-22
2-13
Extra
Banco
$4-
Co. (quar.)
Chicago South Shore & South Bend RR.—
3-17
3-28
2-20
(quar.)
J20C
1
Mills
Baltimore
37 %c
Di
2-15
3-
(quar.)
Allied Products
Baltimore
1
:
preferred B
'Baldwin
3-
25c
convertible preferred C (quar.)
Automatic Canteen Co. of America (quar.),
Avondale
115c
(increased)—-
2-
1
2-3
2-14
35C
Co.
Extra
3-20
3-20
Products—
1
5%
.
Ohio
3-
^utocar Co., 5% A conv. pfd. (quar.):
Bell
(quar.)
Steel Products
1-31
$1
4-25
4-15
90c
1-31
$5c
f 15c
Power—
3-
RR
Mines,
J50c
J $ 1.75
40c
4%%
3
2-15
3-
(Irreg.)
A
Yard
Match
Durham
2-11
2-
20c
50C
Stock
Co., common
participating preferred
6%
6%
85c
2-11
Ltd
Coast Line
Gold
2-21
beneficial in¬
$1.50
preferred (quar.)
Ashland Oil & Refining, common (quar.)
4%% preferred
(quar.),,
Atchison Topeka & Sante Fe Ry., common,
Beck
Certain-teed
3
2-26
Union
preferred
preferred
5%
1-31
$15c
40c
$1.50
$1.75
15c
$1.06%
2nd
6%
Central
1-31
3-
3-20
$1
(quar.)
Co., class
Mfg.
Derby Gas & Electric Corp. (quar.)
Detroit-Michigan Stove Co.—
5%
preferred (quar.)
5%
preferred (quar.)
75C
3-15
(annual)
Dry Goods, common (quar.)
1st preferred (quar.)
Avon
2-10
1-31
1
3
2-10
2-21
$20c
40c
93%c
5c
(increased)
Associated
5%
1
1
2-
1
3-15
50c
prior pref. (quar.)
Chambersburg Engineering
(quar.)
Champion Paper & Fibre, com. (increased)
$4.50 preferred
(quar.)
Charis Corporation (increased)
Chase Candy Co. (Increased quar.)
Extra
Aunor
3-
33-
2-15
3-
(irreg.)
common
preferred
Denver
2-15
prefeired
3.6%
2-10
1
3-
X
35C
Dennlson
Corp.—
&
1
Company,
6
Power Corp.—
Light
2-
2-
6
3-15
(quar.)
2-14
1
2-10
1-31
3-20
—
1
3-
1
J25C
5% conv. pfd. (quar.)
Electric (quar.)
3-
1
2-
t32%C
(quar.)
3-
$1.75
3-
2-
25c
com.
1
$37 %C
(quar.)
4-
3-
1
2-15
1
75c
'25c
1
3-
3-19
$17%c
3-
$1
York
Ohio
Central
Co., class A
2-15
(s-a)
preferred
3.40%
87 %c
(quar.)
J25c
10c
Armstrong Cork Co., common
$3.75 preferred
(quar.)
Arrow
Coke
&
3-
6-27
Anglo-Canadian Telephone Co.—
Olass
Coal
preferred certificates of
3-20
7- 7
Products
pfd.
(quar.)
B
&
Diamond
(initial)
Central Arizona Light & Power,
terest
(quar.)
preferred
Publishing Co., $4 prior pfd. (quar.)
Sons, 7% preferred (quar.)
Leather
3-
27 %C
Corp., Ltd.—
2-10
4%
2- 1
7%
1-31
Extra
3
6-18
2-15
Press,
(quar.)
Delaware & Hudson Co.
2-15
Co.
&
$1
(quar.)__
1
(quar.)
Inc., 4%%
1-17
1-31
(quar,)
Caterpillar Tractor (quar.)
Celtic Knitting Co., Ltd. (annual)
M.)
(A.
6-18
1
7-
Class
$1
(extra)
Biscuit
Co.
Carr-Ccnsolidated
Castle
1
4-
Deere
2-15
Ltd.
Cos.,
75c
$2.25
pfd.
Products,
Amoskeag Company, common (s-a)
$4.25 preferred
(s-a)
Post
Oil
Cannon Mills
2-15
1
3-
50c
Extra
American
7
4
62%C
(increased)
Utilities, Ltd., 5% pfd. (quar.)__
Canadian
7-
$1.25
(quar.)
Sugar, 5%
preferred
2-15
m
4
$1.75
$1.25
preferred
Davis
4
1
(quar.)
Ltd., com. (quar.),
$1
convertible class A (quar.)
Canadian General Electric Co., Ltd. (quar.),
Canadian Locomotive Co., Ltd
2-
3-18
5%
2-15
2-20
1
1
$750
Foreign Investment
2-14
4-
(quar.)
1-31
15C
C
Canadian Food Products,
2-21
3-31
3-14
$1.75
preferred
5%
(quar.)
Fairbanks-Morse, Ltd.
35c
Y.)
(N.
3-31
7%
37%c
(quar.)
Quarterly
Quarterly
1
2-
2-13
$2
150
(quar.)
Canadian
1
3-15
2-15
2-13
1
25C
(quar.)
Common
2- 4
2-24
2-14
1
3-10
$1.12%
Water Service—
A
1
3-
25c
(quar.)
7
3-
15c
(quar.)
Canada Cement Co., Ltd.—
$1.30 preference
(quar.)
Canada Malting Co., Ltd., registered (quar.)
Canada Northern Power Ltd., com.
(quar.),
7
% preferred
(quar.)
Canada Vinegars, Ltd. (quar.)
Canadian Breweries, Ltd.
(quar.)
Canadian Car & Foundry Co., Ltd.—
Class
2-
Mills
preferred
50c
Co.
American
Anchor
2-
1
3-15
10c
10c
$1.75
Re-Insurance
American
Class
2-14*
1
3-
Sanitary
Standard
&
common
7%
1
3-
3-
3
1-20
3-
31c
(quar.)
Packing Corp., common (quar.)_
California
3
3-
(quar.)
(quar.)
Cotton
preferred
5%
3-
12'/2c
2-21
$1
Curtis
12 V2c
2-
3-15
2-15
30c
Cuneo
2-
2-27
50c
40c
$1.05
2-15
2-25
1
$50c
(increased)
Cushman's
(quar.)
California
37'/2c
25c
(quar.)
Pulley
5C
Concen¬
California Electric Power, com.
75c
37 %c
Increased
American
Co. (irreg.)
Sullivan Mining &
&
2-14
1
(quar.).
2-18
1
3-
3-
convertible 2nd
Cuban Atlantic
3
2-
3-
28 %C
(quar.)
preferred
(quar.)
7%
2-18
3-15
3-15
Co.—
convertible
preferred
$4
1
2-
2-15
2-13
$1.25
Machine
&
Hill
California
Transportation—
&
Die
Canadian
(increased)
Petroleum
American
15c
20c
preferred (quar.),
$5 prior
Co.,
preferred
Byron Jackson Co.
10c
$2
25c
$1.50
$1
(monthly),
Corp.
Co
Co., Ltd.,
American Meter Co.
(The)
4%%
75c
Products
American Metal
2-14
20c
Burry Biscuit, $1.25 preferred
Butler Brothers, common
50c
62%c
75c
(quar.)
$30c
3-15
(interim)
Burroughs Adding Machine
American Hide & Leather Co.—
6%
2-18
Line Co
Company
(irreg.)
trating,
Corp.—
(quar.)
$2.50 convertible preferred (quar.)
$3.00 convertible preferred (quar.)
2-28
Pipe
4.4%
convertible preferred
$2
3-15
2-28
(quar.)
Co.
Falls
Buell
5c
5c
Co
Extra
Silk
Bunker
$1.25
$1.50
$1.75
$1.12V2
5%
Co
Mills, Ltd.
Budd
35c
common
2-28
30c
Buda
$1.75
75c
preferred (quar.)
7%
(quar.)
American Chain & Cable,
M
3-15
$12 %c
(s-a)
2-13
(quar.),
preferred (quar.)
Crum & Forster, 8%
preferred (quar.)
Cuban-American Sugar Co.—
CO
2-25
(s-a)
Hill
Buckeye
4c
Shares
Business
A
B
Sexton
81
Crown Cork & Seal, Ltd. (quar.)
Crown Overall Mfg. 6%
prior pfd.
Crown Zellerbach Corp., $4.20 pfd.
8 %
•
1-31
2-27
93 %c
(quar.)
Crown Cork & Seal Co., common
$37 %c
Ltd.—
Rubber
Bruck
Buck
5c
25c
prior
American
Class
Class
ordinary
(final)
registered
2-15
5c
Co. (quar.)
3%% preferred
Co.,
Cribben
2-26
7
4-
1-31
2-15
$15c
4% %
2 %%
2-15
1
3-
$30c
Crampton Mfg.
2-26
4- 7
2%%
preferred
for
receipts
deposit
American
25c
5c
American Beverage Corp., 4%
2-26
$2
British Columbia Packers,
$25c
(irreg.)
Corp.
7
Crane
(s-a)
registered
87%c
20c
$$2
$2
(irreg.)
American Arch Co.
7
4-
_
deposit receipts for 5 %
American
Brown
(quar.)
Ltd.
Aluminium
4-
Payable
$$1.25
Extra
2-26
British Celanese Ltd.—
$1.38
pfd. (special)
Aluminum Co. of Canada, Ltd.—
4%
preferred (quar.)
American Airlines, 3%% conv. pfd. (quar.)_
Aluminum Goods Mfg. Co
Aluminum Co. of America, 6%
Corrugated Paper Box Co., Ltd.—
5%
preferred (quar.)
Cosmos Imperial Mills, Ltd.
(quar.)
2-26
2-26
Is
pfd.
~ ~
_ _
_
5%
for
receipts
deposit
()
bc&rer
40c
$1
25c
25c
Inc
7
7
When
Share
Name of Company
—
American
250c
Inc
Alexander Hamilton Institute,
Holdert
When
ftr
Share Payable of Rec.
5c
2-15
1-31
50c
44-
Is
registered (final)
deposit receipts
American
Name oj Company
Is
Holder•
Per
When
Holdert
Payable of Rec.
Is
(final)
deposit receipts ordinary
American
Monday, February 10, 1947
FINANCIAL CHRONICLE
.THE COMMERCIAL &
850
2-15
2-
5
2-
a
37 %C
20p
(quar.)-
-:•;
$20c
2-15
3-
1
2-15
X
2-15
*V
i
">■
tr;:
%
Volume 165
THE COMMERCIAL" & FINANCIAL CHRONICLE
Number 4567
Per
Name of
Company
Share
Gerrard
(S. A.), preferred (s-a)
Class
(quar.)
class A
Brewing Co.,
(quar.)
A
(quar.)
Class
B
(quar.)
Class
B
(quar.)
Class
B
(quar.)
Gibraltar Fire & Marine Insurance
Gilchrist
Glidden Company,
4'A%
preferred
Godman
(H. C.)
(s-a)—
(s-a)
Company
(quar.)
(quar.)
6% preferred
common
(initial)
Co.,
Goodall-Sanford,
Inc.
(quar.)
Goodyear Tire & Rubber, common (quar.)—
$5 convertible preferred (quar.)
Gorham
Mfg.
Co
Gossard (H. W.)
Company (increased)
Grace National
Grand
Union
Underwriters
Life
5-27
50c
25c
50c
56'Ac
37 Vic
37Vic
$1
$1.25
75c
35c
Per
4-
3-15
1
Name of
Landis
Company
Machine
Co.,
Share
(quar.)
common
6-14
9-15
4-
3-15
7-
6-14
10-
9-15
7 %
3-
2-14
7%
2-
7%
convertible
4-
1
1
3-12
4-
1
3-12
3-
1
2-20
3-
1
2-20
3-15
2-17
3-15
2-17
3-15
3-
1
3-
1
2-
3-
1
2-25
7
preference
Savers
(irreg.)
7%
preferred (quar.)
Great Lakes Dredge & Dock Co. (quar.)—
Greenfield Gas Light—
6% non-cum. preferred (quar.)
One
share
for
each
4
6-11
6-
4
$75c
9-11
9-
4
$75c
12-11
25c
2-28
2-18
3-
2-10
$1
1-31
75c
2-
3-
1
North Carolina
1-31
North River Insurance Co.
Northeastern
3-28
3-18
3-
1
2-
75C
3-
1
2-11
75c
(Ind.)
(quar.)
40c
Corporation
Liquid
Carbonic
3-15
3-18
3 '/2 %
preferred
(quar.)
1-24
3-
2-
1
6-
5-
1
9-
8-
1
12-
11-
1
2-14
3-
2-14
3-17
3-
3-
1
2-10
3-15
Class
Lock
Quarterly
2-10
Nutrine
Candy
2-15
O'Brien
Gold
2-
1
1
3-15
3-10
Joint
8%
Lone
Common
2-
Louisville
2-15
Lowenstein
_
5%
1st preferred
(accum.)
Hawaiian Pineapple Co
&
&
Louis
St.
Ry.
preferred
preferred
Nashville
Madison
Square Garden
(P.
2-15
1-20
(quar.)
3-
1
3-
1
2-15
2-14*
6-10
2-17
2-17
2-
3-
1
2-15
8-15
2-17
2-
1
1
8-
2-
1
8-15
8-
1
3-12
1-31
2-15
3-28
3-14
10c
2-15
2-
5c
2-
1
3
2-12
30C
2-
2-25
2-15
20C
2-28
2-14
25c
3-10
2-27
$$1
Co
2-15
12'/2c
2-28
2-
5
1
25c
2-20
1-31
12'Ac
4-15
3-31
$1.06'A
3-31
3-15
10c
2-15
2-
5
5C
2-15
2-
5
25C
2-28
2-
8
$1
2-15
2-
3
20c
2-28
2-15*
3-
2-
Extra
75c
2-15
1-25
Masonite
$1
2-15
1-25
Massachusetts
$1
2-15
1-25
Hewitt-Robins, Inc.
(quar.)
Hires (Chas. E.) Company (quar.)
25c
3-15
2-20
30c
3-
1
2-15
Bonding & Insurance Co.—
Quarterly
McCord
Corporation
(irreg.)
Mclntyre
Porcupine Mines, Ltd. (quar.)
Hilton
25c
3-
1
2-20
Meadville
Hershey Chocolate Corp., common
$4 convertible preference (quar.)
Extra
(quar.)_
.
Hotels
Corp., common (quar.)
4% convertible preference (quar.)
Holly Stores, Inc., common (quar.)
Honolulu Oil Corp
Hooker
■
Electrochemical
Hormel
6%
>
Horn
(George
A.)
preferred
&
5%
Hardart
preferred
&
&
(N.
Y.)
2-15
1-25
2-15
1-25
Fire
(quar.)
$1.25
Ltd.
(quar.)
$75c
10c
Refining
50c
3-
1
2-
8
3-10
2-
2-
3-10
2-
3-
1
3-
1
2-15
Abrasive
3-
1
2-15
New
$$i
4-
1
3-15
Missouri
4-
1
3-15
56'Ac
45c
2-20
1-25
15c
(quar.)
Extra
2-20
2-
5*
10c
(J.
Monarch
5%
S.)
Monarch
Life
2-
3-20
3-10
Monroe
Chemical
3-12
2-28
$3.50
preferred
16'/2c
3-10
3-
1
Monroe
2-
3
Inland
Railway of Central America—
preferred (accum.)
International
Silver
Co
(quar.)
(quar.)
Interstate Bakeries Corp., $5 pfd. (accum.)
Intertype Corporation (increased)
Business
Investors Stock Fund
Irving Air Chute Co.
Jacksonville
Gas
_
&
(s-a)
common
5%
preferred (quar.)
& Kokenge Co
Battery (quar.)
Kansas City Power & Light—
$6 preferred B
6
$1.25
12'/2c
$1.12'/2
3-
1
2-25
2-10
1-13
2-15
2- 9
2-15
3-15
2-28
4-
3-15
1
25c
2-
1
3-15
3-
1
87'/2c
2-20
2-
1
$3c
2-28
2-
7
25c
(quar.).
2-15
25c
Kentucky Utilities, 7% Junior pfd.
Kerr-Addison Gold Mines, Ltd
Kinney (G. R.) Co., common
$5 prior preferred (quar.)
3-25
3-10
Acme
Co., Ltd., common (quar.)
preference
Gypsum Co., $4.50 pfd. (quar.)_-_
National Lead Co., 7% pfd. A (quar.)
National Liberty Insur. Co. of America (s-a)
50c
1-31
4-
3-15
National
6-16
National Paper & Type Co., common
Common (extra)
9-15
4-15
$1.75
8-
7-15
$1.75
11-
10-15
8c
2-15
10c
2-10
1-25
15c
3-31
Extra
5%
5%
preferred
Oats
5
12'Ac
Y.)
2-20
2-10
25c
2-25
2-12
50c
$18c
2-15
1-31
3-15
2-15
$40c
3- 1
2- 1
$$1.75
3- 1
2-
1
4
3-
6
3-
1
2-25
36-
1
2-10
2
5-10
3-15
2-15
3-15
2-15
2-15
2-
3-10
2-24
1
3-30
3-15
30c
3-10
2-21
2-15
lc
3- 3
100%
2-17
2-10
$1.75
3-
1
2-15
$1.75
6-
1
5-15
5%
non-cum.
$1
Pittsburgh
(s-a)
Class
Co.
Steel
Power
6 %
8%
Procter
&
Gamble
1
2-10*
$1.06
$15c
2c
2c
2c
3-
3-10
1-31
1
1-31
3-
4-21
5-
1
8-
1
7-22
10-30
10-20
3-
4-
1
3- 3
3-
1
Co.
Transport
Co.
of
Co.
preferred
National
Pressure
National
Tea
Cooker
Co.
Co., common
preferred (quar.)
3-
1
2-19
2-15
1-31
25c
(s-a)
(s-a)
3-15
2-15
2-15
1-31
8-15
7-31
1-31
Service
Co.
of
New
—
62'AC
4-
1
3-15
25C
(increased)
(quar.)
3-
1
2-14
National Vulcanized Fibre Co
$2
2-11
50c
3-
1
2-
50c
3-
1
2-15
3-
1
2-15
3-
1
2-14
3-
1
2-13
—
6%
preferred
Public
—
Service
Electric
&
1
2-15
3- 1
2-15
3-
J.
3-15
2-15
2-15
4-15
3-20
4-15
3-20
2-15
l-24«
2-15
1-24*
3-15
3-
25C
3-15
3- 5
5
4-
s-a)
4-15
30c
2-27
2-,
3-
2-15
—
5 8'Ac
5
1
7
15
50p
3-
1
2
3-
1
2-15,
84c
2-15
1-31
$2
3-15
2-14
$1.75
Owl
Stores
Common
Rice Stix
5%
5%
preferred
1-24
3-
1
2-
4-
1
3-10
60c
3-
1
2-14
$25c
$1.50
3-
1
2-28
30c
3-15
$25c
2-25
2s 6d
5
2- 7
2-
1
2-28
2-14
1-16
(quar.)
50c
2-21
2-15
2-
20C
3-15
2-28
Rolland Paper Co., Ltd. com.
4%% preferred (quar.)
2- 1
Ronson
1
4-
1
2-13
1-16
50c
3-13
2-20
2-15
2-
2-17
3-14
3
3-
1
2-15
3-
1
2-
1
3-
1
2-
1
6-
1
5-1
9-
2
8-
1
12-
1
11-
1
35C
—
pfd. F (quar.).
(quar.)
(quar.)
3-
25c
$1.12%
(quar.)
of Louisville—
preferred
25c
50c
87'/2C
(increased quar.)—
Art Metal Works
25c
$1.25
$40c
common (quar.)
preferred
(quar.)
prior preference (quar.)
series A preferred (quar.)
participating
2-28
2-28
2-15
$40c
(quar.)
$1.06'A
6%
3-31
3-31
20c
$40c
(quar.)
Dry Goods Co.,
Oil Corp.
2-14
$40c
Rockwood & Co.,
5%
3-15
30c
Brass, Inc., common-
Co., 4'/2%
(quar.)
1-15
$25c
Reynolds Tobacco Co., common (quar.)
Class B
(quar.)
Rheem Mfg.
2-14
2-15
50c
(initial)
preferred
2-14
3-15
50c
Corp. (quar.)
Regent Knitting Mills, Ltd., common
$1.60 non-cum. preferred (quar.)
$1.60 non-cum. preferred
(quar.)
$1.60 non-cum. preferred (quar.)
$1.60 non-cum. preferred
(quar.)
Reliance Manufacturing (111.)—
3'/2% conv. preferred (quar.)
Remington Rand, Inc., common..
$4.50 preferred (quar.).
Republic Investors Fund—
6% preferred A (quar.).
6% preferred B (quar.)
5 'A %
3-15
$1.25
$1.25
1
3- 3
1-31
3-
$1.75
2-12
2-15
2-15
50c
Puget Sound Power & Light (reduced)
Pure Oil Co., common (quar.)
5% preferred (quar.)
Purity Bakeries Corp. (increased quar.)
Purity Flour Mills, Ltd. com. (initial s-a)—
Quaker Oats Co., 6% preferred (quar.)
Quaker State Oil Refining Corp. (quar.)
Quebec Power Co. (quar.)
Rand Mines, Ltd.—
Ordinary Bearer
Ray-O-Vac Co. (quar.)
Rayonier, Inc., $2 preferred (quar.)
Reading Co., common (quar.)
4% non-cum. 1st preferred (quar.)
Rochester Gas & Electric, 4%
Rockland Gas Co
3-15
1
Gas—
Richfield
60C
2-15
50c
4
15c
1
$$1.50
I75C
(quar.)
$5 preferred (quar.)
7% preferred
(quar.)
Royal Crown Bottling Co.
(accum.)
2-15
3-
10c
(monthly)
4
1
1
$1.37'/a
preferred (quar.)
Service Corp. of New Jersey—
preferred (quar.)
7%
preferred (quar.)
$5 preferred (quar.)
6%
preferred
(monthly)
2-
2-
4-
3-
25c
3.35%
2-
2-15
7
4-15
$1.50
—
8%
2-24
206
1
Public
2-24
Mur—
participating class A
1
:
$1.50
(s-a)
Naumkeag Steam Cotton
Neiman-Marcus Co., 4'A% preferred (quar.)
Neisner Brothers, Inc. (quar.)
Neptune Meter, $2.40 preferred (quar.)
Nestle-Le
3-
41%c
2-15
5
2-28
Hampshire—
53'Ac
2-
3-31
91'Ac
'
$t
4'A %
2-10
2-28
„
Revere Copper &
3-15
1
3-12
1
2-11
12'/2C
(quar.)
Republic Petroleum Co. com
5'/2 % preferred A (quar.)
50c
Co
preferred
pfd.
(increased
2-24
1
3-28
3-
Colorado—
1-31
4-
5
$1.25
1-31
4-
1-24
2-
(quar.)
3-15
10c
1-15
2-10
25c
2-15
$1.25
$1.25
(quar.)—
2-15
1
class A
2-15
$1.75
2-
3-
(quar;)
10c
.
1-25
3-15
2-15
37'/2C
2-18
$15c
4-
3
1
$37'Ac
$1.12'A
2-15
1
20c
—
Service
5%
1
2-15
4-
$1
preferred
(monthly)
preferred (monthly)
preferred (monthly)
Public
3-
4
40C
B
preferred
7%
6%
2-15
75c
Class
Public
2-20
1
3-31
(initial quar.)
(initial)
8%
(quar.)
Prosperity Co.,
5%
2-
1
3-
2-15
Corp.
preferred
Company
Corp of Canada, Ltd.—
1st preferred (quar.)
non-cum
partic. preferred
Potter
2-24
3-
$1.37'A
Reed-Prentice
$12'Ac
3- 1
25C
Electric Power,
Red
2-10*
1-20
3-15
Co.—
Transit
2-14
2-15
1-31
2-15
25c
1
3-10
1-31
2-15
25C
B
3-
3-10
1-31
2-15
30c
common
common
Steel
37'AC
75C
2-15
25C
5'A% prior preferred (accum.)
Pillsbury Mills, Inc., common (quar.)
$4 preferred (quar.)
Poor & Co., class A $1.50 pfd.
(quar.)
3-15
20C
3
50c
1
7*
2-15
3-
$75c
Extra
4-
2-11
1-30
1
25c
preferred
preference
15C
2-
2-
2-15
$2.50
Philadelphia Insulated Wire (s-a)
Philadelphia Suburban Water, com. (quar.)_
$3.65
preferred (quar.)
Phillips Petroleum Co. (quar.)
Photo Engravers &
Electrotypers, Ltd. (s-a)_
1
2-25
2-25
25c
(quar.)
Valley RR. Co. (s-a)
Philadelphia Electric Co.,
9-
2-28
3-20
10c
Brewing Co
Philadelphia Company—
$1.75
$1.75
1-31
4- 2
50c
Pfeiffer
8-15
25c
com.
(quar.)
3-10
2-
3-
1
$1.12'A
National Linen Service Corp.,
National Union Fire Insurance Co.
dividend
La Salle Wines & Champagne
2-11
3-
$1.50
Kysor Heater Co
I/Aiglon Apparel, Inc. (quar.)
La Plante-Choate Mfg. Co.—
Laclede-Christy Clay Products
Lafayette National Bank (Brooklyn, N.
Lake Shore Mines, Ltd. (quar.)
Lake of the Woods
Milling Co., Ltd.—
?
Common (quar.)
1% preferred (quar.)—.
3-
60c
7-
1
4-
2-14
10c
5c
2-10
2-15
5-
3-
4-
593/aC
$1.56
4'/2 %
1
3-15
25C
National Grocers
1-31
10-
2-28
75C
National
2-25
$1.50
2-28
1
-
2-25
$1.50
1
4-
50C
2-20
$1.75
4-
$44c
preferred (quar.)_
(increased quar.)_
National Cylinder Gas, common (quar.)
4 'A %
preferred (quar.)
National Drug & Chemical Co., common
Convertible
preferred
(quar.)
National Electric Welding MachineCommon (quar.)
Common (quar.)
Common (quar.)
8c
1
2-10
50c
Co
15c
Creamery, 60c pfd. (quar.)
Kress (S. H.) & Co. (quar.)
Kroger Co., common (increased)
6
%lst preferred (quar.)
6%
1st preferred (quar.)
6%
1st preferred
(quar.)
7% 2nd preferred (quar.)
I
7%
2nd preferred
(quar.)
i
7% 2nd preferred (quar.)
1
$13c
Biscuit Co., 7%
National Container Corp.
$1.25
interest)
Knudsen
Cash
1-25
5c
$4.50 preferred (quar.)
Kayser (Julius) & Co. (extra
Kayser (Julius) & Co. (quar.)
of bene,
2-15
75c
Katz Drug Co., common (quar.)
(ctfs,
1
1-31
3-21
75c
W.
Knickerbocker Fund
3-
1
3-
$1.62'A
Loan
3-
3-15
2-20
4-
2-15
25C
1
30c
2-15
2-15
1
$1.25
4-
3-15
$1.25
Julian
K.
3-31
1
1
3-
87'Ac
National
$1.25
33-
34 %c
(s-a)
National
2-21
25c
(quar.)
Laughlin Steel,
2-13
2-10*
3-10
12c
Knitting Mills, 5% pfd. A (quar.).
Jefferson Lake Sulphur Co., Inc.—
7% preferred (s-a)
Jones
1
1
3
25c
Jantzen
Johnson & Johnson
3-
3-
2-
$1.50
(irreg.)
(resumed)
Corp.
(Mass.)
6
22'/2c
Machines
2-15
7
$15c
Co., common
(quar.)
3-
$1
International Utilities Corp.
International
$1.25
2-
$$2.50
(quar.)__
common
2-27
5
2-15
$$1.25
Ltd.,
7
2-
International
Wilcox
Peoria & Bureau
Provincial
(quar.)
4-
2-11
1
2-18
25c
3-15
2-28
3-
1
25C
10c
1-31
3-
$1.25
2-20
$1.75
1
3-11
$1.62'A
3-10
40c
pfd. (quar.)
3-
2-28
3-11
1
5
Co.—
35c
25c
Steel
International Harvester Co., 7%
5%
Implement
Society, 5'A% pfd. (quar.)___
Monsanto Chemical, common (increased)
$3.25 preferred A (s-a)
Montreal Cottons, Ltd., common (quar.)
7%
preferred (quar.)
Moody's Investors Service—
$3 participating preferred (quar.)
Morris Paper Mills, common (quar.)
43A%
preferred (quar.)
Motor Wheel Corp.
(quar.)
Mount Diablo Oil Mining & Development—
Quarterly
Mueller Brass Co. (stock dividend)
Mullins Manufacturing Corp.—
$7
preferred
(quar.)
$7 preferred (quar.)
$7 preferred (quar.)
Common class B
(irreg.)
Murphy (G. C.) Co, (quar.)
$1.50
1
4-
3c
50c
(quar.)
4-
3-14
2-
•
2-15
$2
Extra
Power
Insurance
2-20
21c
50c
Institutional Shares, Ltd.—
Stock and bond group shares
1
2-15
Co
Knitting,
preference
Indianapolis Bond & Share Corp^
Industrial Silica,
Ingersoll-Rand Co.
4-
$2
Co., common (quar.)
(quar.)
& Co., Ltd. (annual)
Industrial
Corp.
(quar.):
6'A% pfd. (accum.)
2-15
3-14
50C
(quar.)
Utilities
preferred
Mitchell
5*
1
2-
1
2-
1
2-28
•
1
75c
preferred (quar.)
Pennman's Ltd., common
Potomac
1
3-14
25c
$1
Portsmouth
60c
preferred (accum.)
Louis Railway—
(initial)
common
5%
&
Portland
Minneapolis & St.
$50c
Stow
1-31
2-15
,.
75c
Peninsular Grinding Wheel (irreg.)
Peninsular Telephone Co., com. (quar.)
1-31
3-
3-31
37'/2C
(quar.)
common
5 '/2 %
convertible
$6.50
Peck
1-31
4-
2-1
34%c
r
Transport Co.—
Irregular
Parkersburg Rig & Reel, common
Peabody Coal Co., 8% preferred (accum.)
2-15
65C
1-27
2-
Pan-American Petroleum &
2-15
25C
*'
31'Ac
(quar.)
Mills
2-15
Products—
Mid-West
Lighting,
1-31
$1.62'A
1
2-15
$1.75
(quarJ
Pacific
2-15
10c
$2 non cumulative preferred
8%
preferred (quar.)
12'Ac
2-15
1
3-
2-15 '*[
75c
preferred
40c
Laundries
Minneapolis-Moline
Hussman-Ligonier Co., $2.25 pfd. (quar.)„
Idaho Power Co., common (quar.)
1
2-25
30c
Glass
preferred
$1.75
—
—
Midland Steel
5 %
15C
(quar.)
Y.)
(s-a)
preferred A (quar.)
Mickelberry's Food Products common (quar.)
$2.40 preferred
(quar.)
2-13
12'Ac
8
(N.
6 '/2 %
4
1
pfd.
5'A%
37'Ac
Mexritt-Chapman & Scott Co.—
Common
(increased)
7
3-
$1.50
(quar.)_
5% preference series A (quar.)
Huron & Erie Mortgage (Ont.) (quar.)
Extra
Rayon
7%
Assurance
Mid-Continent
—
11
Zinc
1
1
50c
(quar.)
23-
$1.50
Co.
2-26
3-27
$50'Ac
(quar.)
Extra
1
50c
Hummel-Ross Fibre Corp.—
6% preferred (quar.)
Hunt Foods, Inc., 5%
preference
Illinois
Merchants
3-
$1.06'A
Hudson Bay Mining & Smelting,
Hudson Motor Car (quar.)
Humble Oil
2-14
2-21
Co.
Mercantile Stores Co.,
2-21
3-15
Co.—
(quar.)
Co.
2-20
10c
50c
(increased quar.)
preferred (quar.)
(quar.)
—
Telephone
50c
Common
4'A%
:
Corporation
1
*25c
—
2-15
$1.07
Gardens, Ltd. (interim)
Marathon Corp.
(quar.)
Marine
Magnesium Products
Marshall Field & Co., 4'A% pfd. (quar.)
Mary Lee Candies (quar.)
Illinois
Pacific
37'/2c
Maple Leaf
4
2-14
1
3-
88C
2-14
2-24
3-10
$1.50
(quar.)
1
&
1
$2.50
Co.
2-28
6-27
3-22
25c
(s-a)
RR.
2-15
25c
3-21
$2.50
3-
50c
25c
87'/2c
$1.25
3-31
4-
4-
30c
Oxford Paper Co., $5 preferred
(accum.)
Pacific Gas & Electric, 6%
pfd. (quar.)
2-18
31
1-24
2-10
75C
Owens
2-28
1
3-
2-26
50c
Beauty Supply Co., Ltd.—
Participating convertible preferred (quar.)
Outboard Marine & Mfg. Co
2- 4
$1.25
(M)
R.)
7
3-
i
5%
2-
4
«
3-14
t25c
1
$1
(s-a)
3
3-
2-
3-15
t$1.75
(extra)
1
Co.—
3-
3
1
3-21
2-19
3-10
Ontario
3-
$2
3-12
2-15
3-
1
2-28
$25c
dividend
Ltd.
4-
59 %c
3-
$1
3-15
2-15
40c
$1.06'A
25c
$1.12'/2
20c
$4
non-cum
Stock
2-14
2- 9
+3c
(cash dividend)
:
2-14
2-21
15c
(quar.)
Mines, Ltd. (irreg.)
$25c
Sons, common (quar.)
4'A% preferred A (quar.)
Lukens Steel Co. (irreg.)
Luscombe Airplane Corp.
(initial)
Lynch Corporation
(increased)
Mackintosh-Hemphill Co. (initial)
1
75c
Haytian Corp. of America
Heyden Chemical Corp., common
3'A% preferred a (quar.)
2-24
$4
non-cum.
5%
1
Havana Electric & Utilities Co.—
6%
3-10
(monthly)
common
Mallory
(irreg.)
common
2-24
(s-a)
2-15
Harshaw Chemical Co., common (quar.)
4'A%
convertible preferred
(quar.)
2-15
(s-a)
1
1
3-
2-15
1
(monthly
(quar.)
Henderson
1
3-
1
2-21
3-10
15c
Co.
43A % preferred (quar.)
OldcTown Ribbon & Oarbon
;rl|8
*
1-31
37V2C
(year-end)
$25C
Pipe Co.,
Common
2-15
3-
3-
50c
Gas
Louisville
2-19
25c
2-10
7-21,
2-20
15c
Co.
Co.
Ogilvie Flour Mills, Ltd., common (quar.)—
7% preferred (quar.)
Oklahoma Natural Gas Co. new com.
(initial)
Oneida,
Co. (increased quar.)
Longhorn Portland Cement, 5% partic. pfd.
Lord & Taylor, 6%
1st preferred (quar.)
2-28
50c
2-10
3-10
preferred
Star
3-
B
2-28
2-28
-
3-10 >
60C
^
Pharmacol
Nu-Enamel Corp.
2-24
$1
(quar.)
Common
2-28
3
B
3-
Extra
?
Norwich
2-
8-1
2-15
40c
Norwalk Tire & Rubber
7-26
1
87 %c
Original capital
Special guaranteed (quar.)
Loblaw Groceterias, Inc. (quar.)
Loblaw Groceterias Co., Ltd., class A (quar.)
25c
pfd.
(quar.)
1-25
$3.50,
-
1-15
—
;
2-13
50C
4-25
SilS;
2-28.
3-10
$1.50
1
1
2-13
2-14
2- 1
v5
2-5
(s-a)
1
20c
common
Y.)
1
3-
3-10
1
2-10
Extra
8-
10-25
3-10
25C
5-
1
3-
2-20
25c
11-
Little Miami RR. Co.—
50c
Hercules Powder 5%
6orp.,
(N.
1
2-14
50c
(quar.)
2-11
3-
25c
Co.
2-
3-
—
(Hartford)
1
50c
(quar.)
Insurance
2-20
$2.50
Northern
4-
».
I'M
$3
3-
—
$2.50
Northern
RR., 7%
Insurance
.
50c
Liberties Gas
Northwestern States Portland Cement—
50c
Lionel
3-
$1
(quar.)
(M. A.) Company,
$4.25 preferred (quar.)
1
v
3
$1
(quar.)
guaranteed (s-a)
2-20
1
2-
5%
(quar;)—
Consolidated
2-15
(quar.)_
common
¥
1-15
4-
Oil
l
3-
$50c
__
preferred
American
35C
2-14
4-
Extra
Adjustment
North
1
...
25c
Extra
Hanna
4
is
$1.50
Noma Electric Corp. (stock dividend)
Niagara Lower Arch Bridge Co., Ltd. (quar.)
Norfolk & Western Railway, common
(quar.)
3-
Corp
Lindsay Light
Chemical Co. (irreg.)"
Linen Service Corp. of Texas, $5 pfd. (s-a)_
Link-Belt
Co.
(quar.)
Hancock
Class
12-
Co., $5 preferred
25o
Extra
34%c
30c
$1.25
3-
2-15
25c
25c
2-15
50c
Co._
3-
25c
2-15
20c
Brake
$2c
Quarterly
4
3-10
35c
31'Ac
Quarterly
2- 4
1
50c
_____
Newport News Shipbuilding & Dry Dock—
Quarterly
4
3-
$75c
._
Co
3-10
2-
1
2-
1
Air
Holder*
Payable of Ree.
4
Manufacturing Co
York
New
When
0.
Share
50c
New York Dock
2-11
1-15
2-15
4-
Newmarket
*
\
Casualty
2-14
3-11
2-
2-15
1
$$2
2-15
$2
$1.75
3-
$75c
2-21
25c
75c
class A
5
Lincoln National Life Insurance Co.
Paper, common (quar.)
Hammond Instrument, 6% preferred (quar.)
Co.,
5
5
$22'Ac
Hammermill
Oil
811-
2-
25c
(quar.)
preferred
8-15
11-15
2-15
50c
convertible
Jersey Zinc
50c
$1.75
56'Ac
t20c
$20c
$20c
$20c
75c
Hamilton Watch Co., common
4%
New
Liggett & Myers Tobacco,
Class B (quar.)
—
(quar.)
Co., Ltd.
5
3
nine
Extra
Cotton
5-
2-
held
Gypsum Lime & Alabastine (Canada)
Quarterly
Quarterly
Quarterly
Quarterly
Hajoca Corporation (quar.)
Hamilton
5-15
2-24
2-15
Hale Brothers Stores, Inc.
Amsterdam
50c
convertible preferred (quar.)
Gruen Watch
(quar.)
Guantanamo Sugar Co., $5 preferred (quar.)
Guaranty Trust Co. of N. Y.
6%%
dividend.
New
$250
(accum.)
Griesedieck-Western Brewery—
Stock
5
25c
Great Atlantic & Pacific Tea Co.—
Common
Company
2-
25c
preference (accum.)
preference (accum.)
7%
convertible preference
(accum.)
Lanston Monotype Machine
(quar.)
Le Tourneau (R. G.), Inc., $4 pfd. (quar.).
Lees (James) & Sons Co.
(initial)
Leitch Gold Mines, Ltd. (quar.)
Leland Electric, 5%
preferred (quar.)
Liberty Aircraft Products Corp. (quar.)
Life
-•V- Per
Name of
2-15
25c
convertible
2-15
convertible
Holder*
Payable of Reo.
25c
Quarterly
Quarterly
Quarterly
Lane Bryant, Inc. (quar.)
Lang (J. A.) & Sons, Ltd. (quar.)
Langley's Ltd., 7% convertible pref. (accum.)
,
7-
10-
When
851
25c
25c
Co.
American
5-30
6
60c
(year-end)
Graton & Knight Co., 7% preferred (quar.)
Grayson-Robinson Stores, $2.25 pfd. (quar.)_
Gteat
2-
$2
Y
Bank of N.
2-17
25o
15c
15c
15c
15c
15c
15c
Inc.
Class A
Holder*
Payable of Ree.
10c
Gentry,
Genessee
When
L-iSlfv
■
,
'
y'Wv
;
«
Per
Name
Share
of Company
25c
common (quar.)
4%% preferred (quar.)
Rutland & Whitehall Railroad (quar.)
8. & W. Fine Foods, Inc.—
4% conv. preferred (quar.)
(Jacob),
Ruppert
S.
7%
25C
40c
$20c
Candy Shops Ltd.
3-15
1
3-
3
preference (quar.)
Velvet Freeze, Inc.,
(quar.)
Quarterly
Verney Corp.
Viceroy Mfg. Co., Ltd. (irreg.)
Virginia Coal & Iron Co. (quar.)
Virginian Railway—
6%
preferred (quar.)
6% preferred (quar.)
Vlsking Corporation—
3-15
3-15
3-
4-
1
3-12
2-25
1-16
1-31
2-13
3-14
$1
2-15
1-31
$1
3-
2-15
A
A
3-
1
Class
B
3-15
3-
1
Class
1
Walker
&
2-15
Walker
(Hiram)
3-
1
2-15
Warren
2-10
1-31
62'/2c
15C
Company
40c partic.
J20C
pfd
3-15
1
m
u
t— -
3-12
2-28
—
3%%
preferred (quar.)
Aircraft, 90c conv. pfd.
*75C
2-25
2-
$$1.12%
3-15
2-15*
25c
2-15
1-15
40c
3-
2-15
1*
conv.
2-10
3-
2-
Wentworth
2-15
3-
2-15
1
1
1
13 %c
Common
Common
Common
6%
5%
$5 preferred A (quar.)
Westinghouse Electric Corp.,
1-20
5-15
4-18
Public
Service,
2-15
1-26
5-15
4-18
Weston Electric Instrument
4-15
3-20
Weston
75c
3-15
2-15
3-15
2-15
Ltd., 4'/2% pfd.
White (S. S.) Dental Mfg. Co.—
Increased
quarterly
$1.25
6-16
5-15
Whitman
$1.25
9-15
8-15
Wllkes-Barre
3-
1-31
Will
50c
1
&
1-31
Williams
3- 5
Wilson & Company,
3-10
2-15
Wilson Line,
3-15
3-
25c
3-12
2-26
$1
45c
5-
5%
50c
3-15
Woolworth
2-15
Ordinary (final)
Ordinary bond
Wurlitzer (Rudolph)
Co.
1
1-31
Wyandotte
Worsted
Co.
3-
2-17
1
2-10
2- 5
7%
1st
2-10
7%
2nd
50c
3-
60c
3-10
1
3-
(quar. )_,_..
1-30
xLess 30%
2-28
•Transfer
1
3-20
tPayable
4-
1
3-20
2-14
3-
1
2-15
25c
2-28
3iy4C
2-15
15 c
2-18
2-
25c
3-15
2-10
1-31
2-10
1-31
37 %c
3
3-10
2-24
5c
2-28
2-18
3-
1
2-14
37 %c
3-
1
4-
1
2-28
50c
3-
1
1-31
40c
3-
1
2-17
25c
3-
1
2-15*
75c
3-
1
2-14
''
as
CALENDAR YEARS
1943
1944
$1,621,118
160,771
159,631
138,032
138,017
154,604
15,938
21,636
24,776
31,166
$1,411,561
$1,341,190
$1,275,717
stock—
1.325,529
1,325,529
1,325,735
1,338,177
stock-
281,885
106,079
$2,129,487
114,289
inc.)
of
2.263,325
taxed
has elected to be
year
DEC.
SHEET
and
$8,123;
loaned
1946
S. Government
investments in other securities—at cost,
interest
receivable, $149,893;
receivable
special deposits for dividends, $406,942;
$900,904;
dividends
31,
investments in U.
banks, $338,533;
in
regulated investment
a
as
should have no material liability for Federal
in respect of the above net income.
$Net loss.
such
cost,
securities
dividends payable, $456,518; due
$237,000; reserves for expenses,
cash,
against
1961, $6,900,000;
$1.50 cumulative
stock ($1 par), $2,$35,998,121.—V. 164, p. 3150.
etc., $320,209; 2%% debentures, due April 1,
cumulative prior stock,
($25 par), $6,025,000;
31'/4C
t50c
$25c
50c
3- 1
3-31
4-10
3- 1
2-15
2-28
3-24
2-10
1
2-10
3- 7
3-7
3-
stock
($5
$2,121,585;
pari,,
total,
$17,870,869;
surplus,
mechanical
NOTE—-For
possible
common
it
reasons
is
to arrange companies in exact
However, they are always as near
position
always
not
alphabetical
alphabetical
possible.
the
Net
ry.
income
oper.
2-28
2-14
3- 1
(interim)
$6c
___
4-19
7-21
1-31
1-31
1-31
2- 7
4-30
7-31
2-15
2-15
2-15
3-7
1-31
Gross from railway
60c
2-15
1-31
Net
25c
2-15
2-
3- I
2-10
2-15
$1.50
35c
62 %c
2-
1
1-15
3-10
3-10
2-28
2-28
4-
1
3-20
3-17
4- 2
93%c
3-10
2-20
tax
1-15
1-31
2-24
March last year.
Terms
of
the
50C
3-
4
2-21
$300,000
$1.75
3- 4
2-21
be
58% c
3- 1
.
53c
3-
1
2-15
50c
3- 1
2-15
$1.25
4-
1
3-17
a
The
copper
$1.25
7- 1
6-16
$1
2-23
2-
4
2 5C
3-15
3-
1
3-
2-18
40c
3-20
6-20
232,640
22,761
23,342
278,782
263,601
8,100
23,200
335,527
278,900
taxes
normal
excess
Retire,
surtax—
&
profits
Other
207,717
tax
113*060
accruals
reserve
16,517
14,122
197,418
172,820
$39,303
$71,082
$759,810
$679,185
Dr82
795
7,642
8,146
$71,878
$767453
$687,332
net
income,
165,
52,249,534
22,300,395
56,434,093
28.704,006
Saw
directors
York.—V.
165,
p.
3
declared
a
dividend of 60 cents
12 Months Ended Dec.
this
company
mining company
will shortly complete its transi¬
a producer of lead, zinc and
to
at
sale
in cash
by
and
Phelps
of
the
meeting
Denn
mine
call
for
the
payment
of
further payments based on any ore which may
Dodge from the Denn ground in excess of the
Excluded from the
tons.
100,000
special
a
sale is the company's
per
share,
cents; June 15,
2449.
Co.—Earnings—
City Gas and Electric
Operating
1946
31
$4,265,706 '$3,994,993
revenues
—
Takes
>.
;
^4,901
*—
depreciation
Federal income taxes
for est. Federal income taxes
for
Provision
.---—
other than
Provision
earnings
income
charges,
—
■—•—
277,462-
deduct.
$L381t50|
351,306
,
special charges & other
Income
—V. 165,
p.
Smith
296,812
528,807^
325,466
161,713
292,697
487'®®9
198,578
—
net——
income,
Gross
Inter,
255.
$570,468
Steel Co.—60-Cent Dividend—
&
Feb.
on
Operation
Net
New
116,863
102,773
$664,680.
343.
p.
Sioux
1943
130,210,498 141,188 977 137,257,803
of
$51,134
payable March 15 to stockholders of record Feb. 20,
Payments during 1946 were as follows: March 15, 50
70 cents; Sept. 14, $1; and Dec. 14, $1.40.—V. 164, p.
1944
18,906,720
11,125,533
20,743
$28,777
income
The
Ry.— Earnings—
14,048,763
10,444
deductions
Simonds
1945
$39,221
income
Gross
-V.
called for March 7 will be
asked to approve the sale of the Denn mine to the Phelps Dodge Corp.
This mine,
which is a copper producer, has been shut down since
mined
1,061,035
Cr25,400
amortization
—
$1,030,199
137;389
$1,386,458
734,523.
$651,934
113.
Chemical
Agricultural
Co.—Balance
Sheet,
Oct. 31ASSETS
stockholders
1946
$551,943
132,500
468,428
...
hand and demand deposits
United States Treasury bonds
Cash
on
Accounts receivable
Inventories
Investments and
——
—-—-»
other assets-..----.—
Property, plant and equipment
charges —
.—
455,417
653,347
8,975
571,757
578,510
46,116
$2,328,033
$300,000
104,593
10,745
—
43,234
$2,441,936
(net)
Deferred
87,162
1945
$424,368
161,299
$300,000
concen¬
trating mill at Bisbee, Ariz., which has been treating lead-zinc-copper
from
mines owned or controlled by
Shattuck Denn and also
Total
...
ores
from other mines on a custom or toll basis,
it was
the first mill to treat the lead-zinc sulphide ores of the Bisbee district
handling
ores
and
40C
18,227
Utility oper. income-
deductible at the source.
Non¬
British income tax.
Canadian non-residents' tax.
724.
that
is announced
first
1
1,321,729
27,710
Mine—
3-10
$1.06%
$3,125,910
111,206
—
from
$2,776,261
$235,781
Fed.
Shattuck Denn Mining Co.—To Vote on Sale of Copper
2-15
2-15
1946—12 Mos.—1945
1946—Month—1945
revenues
Fed.
Corporation and
Life Insurance Co.
Mutual
2-28
United Light & Railways Co.—
Co.—Earnings—
Power
151,865
Net
tion
Building,
Office
$266,259
Other
25C
1
House
Building.
a Less
19,695,884
railway—,
$38c
1
Parker
the
Waterman
General
Sears, Roebuck & Co.—Sells, Then Leases Back Seven
Stores in California—
See
the
Operation
this dividend.
for
112,403,393
ry. oper. income
^Deficit.-—V. 165, p.
3-10
long-term loan
the Prudential
one
with
Maintenance
3-10
17%c
and
House
as
Pacific
Sierra
1-25
from
known
mortgage
The properties, covered by the blanket loan,
Period End.Dec. 31—
Net
Net
25C
1
Parker
the
into
liens
$2,235,000
a
America.
Maintenance
2-15
2-15
1
placed
has
of
existing
four
combine
to
company
formerly
From Jan. 1—
40c
2-
order
Insurance Co.
2-28
as
Sherrard Co., Boston—Private Loan—
(G. J.)
In
1-31
1-31
2-14
2-14
37%o
$20c
t$3.50
(s-a)
1946
$25c
$149.51
stock
$1,674,755
as
order.
$10,065,718 $10,108,836 $11,780,334 $11,781,618
3,-325,582
317,148
1,885,249 *18,058,448
*6,236,852
1,646,282
*2,231,313
5,492,828
railway
railway
United Electric Coal Cos. (quar.)
United Engineering & Foundry, common...
.
'
of prior
1945
LIABILITIES—Interest accrued and
for
fluorspar.
_
■
from
15 c
United Merchants & Manufacturers—
'M
from
Net
2- 5
Machinery Corp. (extra)
8,-Graphite Co..:...,.
....
U. S. Hoffman Machinery, 4%% pfd. (quar.)
U. S. Pipe Si Foundry Co. (quar.)
% £¥11 Quarterly—..—;
„
Quarterly f
y
Quarterly
stock
$34.14
and
debentures,
convertible
158,901
for the
tax
2- 5
2-10
3-17
2- 1
37'/2c
less 15%
December—
Gross
3-
U.
of
1,966,092
and
2-15
3- 1
4- 1
2-15
$$3.50
funds,
Line
Air
Seaboard
2-14
United Shoe
compares
$1,730,137
for
securities
sold,
total, $35,998,121.
(Continued from page 816)
It
...
which
before.
$144.16 per share
STATEMENT FOR
sale
on
$34,193,726;
2-14
40C
10c
3-15
5 5%
'
on
179,864
ASSETS—Cash
Investment News
10c
75c
(quar.)
(quar.)
closed
not
Genera!
2-25
20c
$1.25
preferred
preferred
cents
SI,723,574
securities—at
2- 6
if 5 %
preferred (quar.)
Untied Corporation; $3 pfd. (quar.)_
United Corps;,' Ltd., $1.50 class A (quar.).
Class B (quar.)_..._
^
'£■5%
income
Income
2-14
6% prior preferred (monthly)
stock,
year
a
90
per share
compared '
stock, and
at Sept. 30, 1946, and $160.12
per share
of convertible stock
27/a%
share
debt,
convertible
corporation
include
Ltd., common
(s-a)
S. funds,
tPayable in U.
2-
;
tThe
company
2-10
3- 1
prior preferred (monthly)
6.36% prior preferred (monthly)
the
per
stock
than
pfd.
Operating
Canadian
2-10
7%
paid
of
>
pfd.
taxes,
35%
20%
40c
10c
15%; resident tax 7%.
resident tax
25c
(quar.)
dividend
a
Jamaica income tax.
books
in
$1.25
United Aircraft Corp.—
5,% convertible preferred (quar.)
United Artists Theatre Circuit—
paid
$2,098,002.
$1.50
profit
and
50c
Unfon Asbestos & Rubber (quar.) —
Union Oil of California, $3.75 pfd. A (quar.)
Union Storage Co. (quar.)
cents
for
investments
1
3-12
50o
V Extra
preferred
Co.,
preferred
4-
$1
Union Bag & Paper (increased quar.)
,
preferred
25c
208 South La Salle Street Corp.
of
prior
$5.50
Net
25c
20c
$1.06'/4
$2.50
_
Knitting Mills,
25c
& Bennington RR. Co
—,—„—
(increased quar.)„——
industry
oil
178,626
056,940;
(quar.)
Ltd. (quar.)
convertible preferred (quar.)
convertible preferred
(quar.)
25c
40c
Truax-Traer Coal
the
in
companies
convertible
$1.50
25
funded
income
Divs.
Company—
25c
Trane Company
7%
&
(s-a)
Yukon Consolidated Gold, Ltd.
Acid
(quar.)
Suburban Prophane Gas (increased)
Sun Oil Co.
(quar.)
—
Sun Ray Drug, common
6% preferred (quar.)
Super-Cold Corp.
(quar.)
Superior Tool & Die Co. (quar,)
Swan-Finch Oil, 4% 2nd preferred (quar.)_
6%
preferred (quar.)_
Swift & Company (quar.)
Special
Swift International Co., Ltd.—
Deposit certificates (quar.)__
Symington-Gould Corp. (resumed)
Syracuse Transit Corp
Tampa Electric
Co,
(quar.)_
Thatcher Glass Mfg. Co., new com. (initial)
$2.40 preferred (quar.)
—
Thompson (John R.) Co. (quar.)
Tide Water Associates Oil (quar.)__„—
-
W.)
(F.
Cab
Yellow
3-10
preferred
tax
1945.
(other
Divs.
2-24
10c
2-15
10c
—
-
2-10
(quar.)
37 %C
(quar.)—
quar.)
of
31,
2-15
2-15
(irreg.)
3-
York
(increased
of
income
Net
Ltd.—
2-28
6%
Etokely-Van Camp, common
5%
prior preferred (quar.)
Stone ga Coke & Coal
Storkline Furniture Co. (increased quar.)
Struthers Wells Corporation—
?f
Ltd.
1
2-15
■
(s-a)
3-
2-10
*
the
on
the
share
per
share
Dec.
2-14
(quar.)
3-15
2-28
„
before
bonds accounted for about '
about 12.9%
and common
holdings in the common stock
of
Industries
and $28.12
for
convertible
Extra
Standard Oil Co. (Indiana) (quar.)
Corp. (quar.)
Standard Stoker
Co,
Standard
Wholesale
Phosphate
&
stock
1-27
50c
3-15
Troy
(quar.)„
grade bonds '
gross
of 622%
coveiage
2-11
3- 1
3- 1
Extra
2-14
65c
$1.25
(quar.)
1st preferred
5%
$$1.25
Standard Silica
arrears
603 %
$5.50
preferred
Wool Combing Corp. of Canada,
1
2-
20c
Stores
$1
40c
87 %c
(quar.)
a
10c
Woods Manufacturing Co.,
4-15
1
2-15
Standard Oil
(quar.)
& Company
2-15
Woolworth (F. W.) Company (increased quar.)
(quar.)
of
$1.50
25c
Industries, Inc.—
convertible preferred
6%
Bros.
3-10
3- 1
37 %c
common
report
annual
good
assets
net
for
principal
sleeks
the
in
and
of
Total
stocks
1946
2- 1
2- 1
2-11
2-11
2-11
|$1.12%
'
1400.
p.
Woodall
1
convertible preferred (quar.)
Standard Forging Coip. (quar.)
(A.)
Co.,
preferred
$4.25
60c
$1.60
Works
B.)
(J.
40c
Stein
2-15
2-15
3- 1
3- 1
3- 1
Mfg
2-20
$1.12%
(quar.)
of California
75c
$1.2525c
87'/2c
95c
Candle
3-15
Standard Dredging Corp.—
Sterebi
Lace
The
by
of
Selected
3946,
INCOME
2-10
Co
(William)
Maunrer
10c
(quar.)
Standard Brands, Inc.—
Common
(increased quarterly
$3.50 preferred (quar.)
Standard Cap & Seal Corp.—
(quar.)_
(George),
$1.50
—
Stamford Water Co.
$1.60 convertible preferred
Standard Chemical, Ltd.—
3- 1
(increased)
$1.25
common
at
2-15
5-15
2-15
5-15
35c
common
years
many
162,
Dec.
prior
per
2- 1
preferred A (quar.)
3.80% preferred B (quar.)
$25c
Inc. (quar.)
Sparks-Withington Co., 6% pfd. (quar.)
Spencer Kellogg & Sons, Inc.—
Increased quarterly
Spiegel, Inc., $4.50 preferred (quar.)
Squibb (E. R.) & Sons, common
$4 preferred (quay.)
preferred
2-15
$25c
Sovereign Investors,
74.8%.
11.2%
included
9.2%
appreciation.
Interest
2-15
(quar.)_.
for
underground.—V.
securities,
to
preferred
General expenses
50c
Co., common
and
adjoins
Dodge
Phelps
to
company
portfolio
government
amounted
similar dividend
a
$25.08
2-15
(quar.)—
latter
connected
BALANCE
Corp.
Products
Chlorine
$$1.50
(quar.)
2-14
3- 1
2-15
3'/2%
participating preferred (quar.)
Railway Co., common (quar.)
preferred (quar.)
non-cum. preferred (quar.)
non-cum. preferred
(quar.)
5%.
Westvaco
2-14
1
25c
(auar.)
(increased quar.)
Southwestern
3-
37V2C
Power Co.
of
$1.12,/2
preferred (quar.)
Virginia Pulp & Paper—
4'/2% preferred (quar.)
and
assets, building, equipment and renova8.0%, public utilities for 7.9%, and chemicals for 5.4%.
Dec.,
with
$1
$1.75
$1.50
6%
the
security
represented
West
Power Co., Ltd.—
non-cum.
5%
1
2-14
12-16
Western Pacific RR.
Southern
5%
2-
2-28
2-17
40C
(quar.)
Southern Canada
2-15
60c
In
2-14
2- 8
2- 1
2-15
1-17
1-17
Mfg. Co., common
for sale
proposed
of
cash,
assets,
about
were
for
cate
2-28
6- 2
3- 1
6- 2
3- 1
2-26
2-15
convertible preferred (quar.)
Oil & Snowdrift, $4 pfd. (quar.)—
West Penn Electric, 7% pfd. (quar.)
35c
(special)
Southeastern Greyhound Lines—
New
common
(initial)
Southern California Edison Co., Ltd.—
Sugar
tion
the
stocks
gross
for
group
2- 5
22'/2c
$2.50
$1.25
$1.25
15c
12'/2c
25c
Wesson
of
accounting for
tTax.
(year-end)
mill
fluorspar
a
ore
product
a
is
mine
unrealized
on
of
stocks
1-25
1-25
$1
1-31
provision
3- 5
2- 5
3- 5
2-10
2-10
5%
into
which
mine
Queen
holdings of
8.3%
Electric—
&
87 Vfec
pref. A (quar.)
Works (quar.)
Southern California
Washington Railway
Participating units
(quar.)
mines
preferred
Total
Washington Gas Light—
$4.50 convertible preferred
$4.25 preferred (quar.)
22 '/2c
Bend Lathe
Porto Rico
Warren
Mountains, in
Zuni
31, 1946, the net assets before deducting funded debt, were
$42,932,822
as
compared
with
$41,643,248
on
Sept.
30,
1946,
and '
$45,489,266 on Dec. 31, 1945.
The net assets at Dec. 31, 1946, indi- •'
3- 1
$1.12
the
Government
concentrates company
properties have been
analysis
shows
and
On
20c
common
(quar.)
Petroleum Corp.
(quar.)
in
ore
the
from
The mill
Selected Industries, Inc.—Annual Report—
with
$1.12'/2
$1.06'A
$30c
$1
(quar.)
preferred
3-10
35c
1
Solar Manufacturing Corp.—
55c
Co.,
D.)
& W., Ltd.
Denn
Copper
two
An
2- 1
2- 7
2-15
2-15
2-15*
class B
G.
preferred (s-a)
5%
preferred (quar.)
5% preferred (quar.)
Wellman Engineering Co.
97 %c
(quar.)
Solar
(S.
$4.50
2-10
2-21
4-
25C
Simpson's, Ltd., class A (interim)
,
4%%
preferred (quar.)
Sinclair Oil Corp. (quar.)
Sioux City Gas & Electric, com. (quar.)
$3.90 preferred (quar.)
Smith (Alexander) & Sons Carpet Co.—
Common (increased quar.)
South
Corp
Company,
1
3-
1
25C
Sivyer Steel Castings
Bilverwood Dairies, Ltd.,
South
Mfg.
Vogt
3-
3-15
3-
the
the
account
(monthly)
B
15c
50c
Silex Company
2-15
3-15
2-15
3-15
3- 1
2-20
3-15
3- 1
3- 1
The
4-15
7-15
(monthly)
1
50c
(quar.)
Extra
Signode Steel Strapping Co., common
5%
preferred (quar.)
5- I
8- 1
(monthly)
(monthly)
3-15
50c
Extra
Class
Class
50c
preferred (quar.)
Signal Oil Si Gas, class A (quar.)
4%
Simmons
1-31
2-15
10c
Mfg. Corp.
(increased)
Sherwin-Williams, common (quar.)
Sheller
B
1-31
2-15
$25c
Extra
2-15
$75c
$1.37%
prior
$5.50
75c
(increased)
Valley Mould & Iron Corp., com.
fluorspar
of
leased
purchased 1
containing approximately 98%
calcium
fluoride, known as acid grade or chemical grade fluorspar.'
This commodity is used in the manufacture of hydrofluoric acid and
other fluorine chemicals, which are important in the making of alum¬
inum,
freon
gas,
high-octane gasoline, insecticides and many other
products, including glass and ceramic items.
other
from
ore
3- 1
2- 7
2-20
2-20
3-20
0-20
2-lo
3- 1
2-18
13 %c
13%c
13V4C
13'Ac
15c
10c
5
1
$27'Ac
(initial)
2-28
3- 1
3- 1
4- 1
]
3- 1
3-15
3- 1
37%c
37 %c
22-
25c
$30c
15c
15c
20c
$9c
$1
2-15
3-
1
3-12
Upson-Walton Co. (quar.)
Utah-Idaho
Sugar
41%c
$1.12%
(quar.)_
Pictures, 4%% preferred
Products Co. (irreg.)
deposit
also
It
Albuquerque.
near
2- 3
2-20
2-15
2-15
2-27
15c
Universal
2-14
1
3-
25c
$1.06%
40c
large
a
Mexico.
New
2- 3
2-15
3- 1
3- 1
3- 1
3-12
15c
2- 6
1
acquired
Payable of Rec.
3-15
2-14
3-10
2-28
7- 1
6-19
4- 1
3-15
4-1
3-15
2-15
1-31
3-10
2- 7
2-20
(quar.)—
United Stores Corp.,
2-26*
3-12
15c
$1
$1.75
$1.50
10c
preferred
4-18*
4
1-20
2-15
91 %C
—
Surety Co.
B
$1
(quar.)
$6 preferred
Universal Camera, class A
Universal Insurance Co.
(quar.)
2-
2-14
2-10
5-
(quar.)
Spring & Bumper (initial)
Steel Corp., common
S.
U.
Universal
(increased quar.)
(quar.)__
Segal Lock & Hardware Co., $2.50 preferred
Seeman Brothers, Inc. (quar.)
Servel, Inc., $4.50 preferred (quar.)
Shawinigan Water & Power Co. (increased)
Shea's Winnipeg Brewery, Ltd.—
55c convertible class A pref. (initial)
Class
U.
15c
$3.65 preferred
(quar.)
Seaboard Oil Co. (Del.) (quar.)
Class
2-21
2-10
85c
(quar.)
22%c
50c
(s-a)
Playing Card Co.
S.
3-10
45C
(quar.)
preferred
4%%
common
Extra
2-25
50c
(irreg.)
(Laura)
4-18
12'/2c
preferred
Seaboard
4-30
10c
Scovill Manufacturing Co.—
Secord
3-10
2- 1
4-
25c
Savage Arms Corp
Bchenley Distillers Corp.
$3.40
1
2-15
50c
25c
(quar.)
class A
non-cum.
(N. J.),
Lines Co.
S.
U.
(quar.)
Bcotten Dillon Co.
U.
Leather Co.,
U. S.
50c
'
Scott Paper Co., common
2-15
1
$1.12 %
$1.05
«
Ryan Aeronautical Co.
Saco-Lowell Shops
3-
Share
Name of Company
Holder«
When
per
Holder»
When
Payable of Rec.
Monday, February 10, 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
852
paved
lead
and
the
way
in
making
that
district an
important source of
zinc.
The Iron King mine, near Prescott, Ariz., has been Shattuck Denn's
principal mining operation, since its purchase In 1942. The Iron King
mine is primarily a producer of lead and zinc, but gold and silver,
2-28*
plus small quantities of copper are important by-products.
All these
metals are recovered in the company's mill situated at the mine.
5-31*
The
40c
9-20
8-30*
ore
40C
12-20
11-29*
mill
a
i$
now
being
enlarged
to
a
capacity of
about 409 tons of
day.
With the
acquisition of the Zuni Milling Co. in 1943 Shattuck Denn
LIABILITIES-^Notes
payable to banks————
payable
taxes—local
Accounts
Accrued
Federal taxes on
Reserve
Earned
Total
-V.
adjustments, etc
stock (par $100)
for postwar
6% preferred
Common
223,569
125,000
income (estimated)
324,800
895,830
—
—-—
324,800
457,400
stock (45,740 shares no par)
surplus —:—
163, p. 947.
115,855
13,490
186,276
75,000
457,400
855,212
$2,441,936
$2,328,033
^Volume 165
I
South
Number 4567
Carolina
The company has
Commission
would
Co.—Stock
received the
sell publicly
to
Proceeds
Power
be
used
THE COMMERCIAL & FINANCIAL CHRONICLE
Issue
Approved—
approval of the South Carolina P. S.
shares of common stock.
to
finance the
help
construction
company's
600.000
shares
outstanding are owned by
Commonwealth & Southern Corp.
The parent previously had planned
to invest an
additional $3,500,000 in South Carolina common stock
out of a
total of $13,500,000 to be
placed in all system companies
in the South to aid in
financing construction programs.
This step
now is
precluded by the recent action of the SEC in ordering Com¬
monwealth
to
common
exclude
South
now
Carolina
from
system and to dispose of its interest in
of
definite
the
plans
have been
new
common
by
the parent.—V.
held by
165,
proposed new southern
the company's
formulated
South
its
Carolina
is
service
UNDERWRITERS—The
has
provided
agreed
to
number
purchase,
H.
Walker
each;
Sept.
1,
cents,
50
plus
$1
and
extra;
Dec.
2,
60
cents.
—V. 164, p. 3335.
totaled
of
output
2,312,000
corresponding
this
kwh.,
week
for
at
company
year,
1,000
shares
with
Output—
ended
2,137,000
of
Feb.
1,
kwh.
8.2%.—V.
1947,
for
Stix
2,560
&
165,
725.
p.
letter
notification
of
cumulative
Proceeds
with
preferred,
will
be
used
to
to
the
be
SEC
Earnings
—
of
1944
System—
Gen.
$2,505,718
Relief
$2,729,797
447,155
423,922
337,711
274,999
L26,790
377,106
381,046
344,582
Service
Other
Period End.
Dec.
31—
1946—Month—1945
$
Railway
Railway
oper.
s
44,132,670
s
590,262,531
431,408,853
Net
from
rev.
451,145,598
Federal
State,
§1, 665,574
53,427,539
139,116,933
618,381
8,079,784
7,616,436
781,757
669,630
9,427,223
8,249,883
taxes-
retirem't
taxes
and
county
§6,223,206
670,216
ry. oper.
insur.
Net
4
Federal
taxes
Crl3
Miscellaneous
Equipment
Joint
Net
ry.
Other
Total
22,491
Cr38,523
20,073,401
Interest
(net)
79,142
51,683
1,353,539
875,894
7,178,953
41,524,526
Drl27,522
7,79S,299
7,051,431
49,323,825
118,821
929,742
671,280
3,703,536
23,112,413
26,000,558
540
trolled
of
affil.
?Consol.
S.
solely
564
1,621
net
165,
323,350
$451,730
$349,492
$500,706
$360,084
16,890
20,102
21,356
23,146
182,060
etc.
181,307
293,473
$148,082
$185,876
$194,721
2,257,100
3,228,533
25,281,106
of
28
654,002
1,602,541
filed
Jan.
with
31
the
SEC
registration
a
proposed
public olfering of $2,000,000 of
and 64,438 additional shares of
$100),
174,805
2,097,665
2,128,365
76,000
income--
No.
2,749,336
25,700,230
35,772,744
Transportation System.
tRepresenting dividends received from
solely controlled affiliated companies included in net
income of S. P.
Transportation System but not
charged against income by paying
§ Deficit.—V.
The
been
to
New
of common
'After
per
Curb
that
Corp.—Changes
Exchange
the
name
of
transactions
the new
in
the
capital
name.—V.
164,
Jan.
on
this
Carey, Baxter & Kennedy, Inc.
31
announced
corporation
Accordingly,
stock
Name—
$1)
(par
has
ratio
and
To
of
one
will
be
offered
share
new
for
each
for
unsubscribed
any
meet
that
stock
balance
Co.
subscription
shares
ten
the
of
Inc.
to
held.
stockholders
The
beginning Feb.
being
are
3,
recorded
1947
under
taxes,
stock
common
to
is
Associated
Telephone
Co.
—
Preferred
underwriting group headed by Paine,
Webber, Jackson & Curtis on Feb. 4 offered to the public
32,000 shares of $2.20 cumulative preferred stock
par) at $50
The
new
before
an
share and accrued dividends.
per
preferred
Jan.
.-payable
(no
31,
1952,
quarterly
Dallas,
stock
and
at
1,
redeemable
etc.
Feb.
Texas;
is
$51.50
$52.50
lirst
bonds
mortgage
for
this
undistributed
Agent:
Mercantile
per
First
National
National
Bank
at
Texas.
to
institutional
construction,
and
earnings.—V.
cash
investors, will be used to provide
balance required will come from
the
165,
725.
p.
PURPOSE—The proceeds will be used,
together with other funds of
company,
to pay a demand note of
$1,569,050 held by General
ing
net
as
value
asset
compared
Dec.
on
with
31,
$7.79
1946
$6.77
was
share
per
1945.—V.
31,
26 Weeks Ended
Period—
Gross
rets,
Cost
Nov. 30, '46
sales,
less
and
of
Ifor
demand t,
all
phone
of
(bearing interest
represents
the
issued
the
and
at
per
to
and payable
Telephone Corp.
annuam
General
capital
stock
of
General
Tele¬
Allied
Corp. which the company acquired from General Tele¬
Corp. in 1945.
General
Telephone Allied Corp. at that time
14,800 shares of the
$6
cumulative
preferred stock
phone
owned
of
the
Nov. 30, '46
'Operating
Other
Prov.
8,242,688
655,406
1,815,928
1,280,354
$202,658
$653,157
1,231
584
2,307
deprec.,
$203,242
$655,464
$368,461
48,277
profit
94,289
91,640
$160,985
$561,175
Federal
income
2,543
27,712
3,369
8,329
7,093
195,208
77,016
269,036
134,658
$173,186
$83,143
$311,522
termination
$0.53
and
ance
(Including
settlements
miscellaneous credits.
and
expense
interest
received,
unallocated,
gain
loss
fire
on
sale
of
other
operations
result
that
excessive
through
the
for
be
cannot
ASSETS--Cash,
receivable
sold
the
cost
share
to
the
the
422
latter,
shares
Corp.
and
of
Aug.
on
its
$6
31,
1946,
cumulative
redeemed
preferred
of
for
at
stock
CAPITALIZATION
GIVING
EFFECT
TO
$2.20
series, due Oct.
cumulative
preferred
preferred stock
Cumlative
nated
as
Common
stock
'Indenture
purposes, in
therein
to
HISTORY
1,
1&74
The
Issue
thereunder of
and subject
under the
to
the
principal
indenture
is
BUSINESS—Company
per
out¬
$3,250,000
32,000 shs.
32,000 shs.
limited
was
additional
conditions
amount
to
of
Number
of
164,
none
bonds for
and
the
Restrictions
that
may
$50,000,000.
service
Kansas.
Company
between various
owns
toll
lines
in
Dela.
June
which
provide
toll
of its own
exchanges and, in some cases, be¬
exchanges and exchanges of other
telephone companies. Toll
other points in and out of the
territory served is provided
through toll connections with Southwestern Bell
Telephone Co., Amer¬
ican Telephone and
Telegraph Co. and certain other telephone comtween
service
its
to
that
cash
due
by
accounts
no
have
to
June
net income and earned
NOV.
reserves
connection
Hubshman
M.
receivable,
1946
not
with
due
common
capital
632,876.—V.
officers
accrued
$138,839;
stock
of
surplus,
164,
no
par
$1,749;
$72,171;
other
cost
ry.
Gross
total,
$3,-
3151.
p.
Feb.
on
filed
3
a
registration
statement with the SEC
for
$250,000 of 4%%
15-vear
convertible
subordinated
debentures,
due
1960, and 60,000 shares ($1 par) common.
Underwriter, Sills,
Minton
&
Co., Inc., Chicago. Proceeds will be used for additional
working capital.—V. 164, p. 2059.
See
Aetna
Life
Insurance
above.—V.
Co.
164,
p.
Starrett
Corp.—Time for Filing
corporation
165,
has
extended
the plan
to
Feb.
of exchange of
1947
the
the
of
„
City of New York has
stock, $1
par
value.—V.
common
164,
1945
1944
1943
$187,835
$144,722
$144,338
23,800
'27,755
'64,181
'302
7,266
'57,523
8,744
'187,59*
2,427,514
2,171,485
2,280,817
2,026,168
$175,949
railway
railway
666,741
165,
655,511
717,672
828,297
289,149
income
oper.
287,477
385,856
322,002
256.
p.
Texas & Pacific Ry.—Results from
Period End. Dec. 31—
Operation
1946—Month—1945
1946—12 Mos.—1945
revenues
$4,821,089
$5,284,732
$55,901,067
$75,518,581
Operating
expenses
3,781,500
3,370,078
42,441,477
44,085 849
$1,039,589
$1,914,654
Net
fr.
rev.
ry.
oper._
Railway tax accruals
$1,029,892
86,585
111,423
44,728
42,419
1,574,513
166,267
income.
653,180
960,888
Fixed
Net
$13,018,0642,397,722
7,561.381
oper.
income
Total
78,651
96,012
796,714
829,436
$1,056,900
$8,358,095
$11,375,052
deductions.
7,635
63,969
111,153
435,116
239,466
235,956
2,811,807
3,578,128
$484,730
$756,975
$5,435,135
$7,361,808
charges
income
165,
74,726
10,545,616
$731,831
income
Miscell.
$9,302,161
(net £>r)_
ry.
Other
884,762
$695,037
rentals (net Dr)
facil.
Net
344,552
income
oper.
$13,459,590 $31,432,732
4,157,429
18,414,668
115.
p.
Texas Public Service Co.—Calls 5%
The company has called
outstanding
$3,695,750
103
interest.
and
corporate
Thatcher
mortgage
Payment
will
Philadelphia,
trustee,
Glass
Mfg.
be
5%
made
Pa.—V.
at
165,
the
p.
before
Federal
Net
at
Trust
Co.,
115.
"194fe
1945
$18,300,000 $13,833,560
taxes
2,662,800
988,800
earnings
per
Dec.
share
common
on
364,547
$1,020,189"
$3.60
taxes
1,530,680
$$1,674,000
income
Earnings
Provident
Co., Inc.—Earnings—
sales
Net
next, all of its
1, 1961, at
bonds due Jan.
Calendar Years—
Net
Bonds—
for redemption on March 15,
first
t$1.6?
shares
1946
31,
510,50O
(Adjusted
for
filing
figures.
the
for
2-for-l
common
stock
split-up
stock
and
divi¬
include any items of consequence of a non-recurring
$Does not
nature.
1950.
sales are the largest of any month in the company's
and the demand for the company's products far exceeds the
productive capacity at this time," says Franklin B. Pollock,
President.—V. 164, p. 3336.
"January 1947
history
available
Sterling Drug, Inc.—Sells Nyal Unit—
See
Heyden
Chemical
Corp.
above.
Acquires Ladox Laboratories, Inc.—
was
40%
reduction
announced
on
Drug,
Inc.,
Ladox
Laboratories,
The
as
the
product is sold
Digitoxin
The
in
tablets
Ladox
in
the
Jan.
latter
Inc.,
price of Digitoxin
24
by
James
Hill,
heart stimulant,
of
acquired 100% of the
Philadelphia, through exchange
other pharmaceutical
and in ampuls.
is
a
President
company
of
to
concern
Tinto
Ladox,
Jr.,
stock
of
of
stock.
manufacturers who market
States,
trolled
the
its
Mr.
The
for
company
Development Co., Inc., Goodsprings,
&
With
SEC—
Jan.
on
25,000 shares
underwriting.
($1
filed
27
part
Proceeds
a
common
will
be
of notification with the SEC
stock to be offered at par without
letter
used
for
prospecting
and
developing
deposits.
ore
the
Toledo Peoria & Western RR.—Note Issue—
Hill
therapeutic
manufacture
Mining
Nev.—Files
Sterling
principal producer of Digitoxin in the
said.
Containing the - active ingredient of
superiority of the product over the digitalis
crude leases and tincture has been noted
in
many clinical
reports.
Previous to World War II, a few French
pharmaceutical houses con¬
United
digitalis,
for
world
consumption.
.
been,
Ry.—Earnings—
income.—
oper.
from
dends.
time
the secured income 5s of
255.
p.
the
1251.
Extended—
28,
Bank
of
1946
'Approximate
The
$1.98
2,210,800)
Operating
Standard Factors Corp., New York—Files With SEC—
company
National
'Deficit.—V.
provision for
current lia¬
$1,559,841;
surplus,
$5.11
3,355,451
2736.
or
$1,866; fidelity insurance reserves,
value (issued 266,799 shares), $1,166.-
earned
39,041
$120,225
payable-
accounts
$63,186;
employees,
27,215
$335,190
From Jan. 1—
$39,893;
liabilities,
liabilities,
465,
railway
railway
from
$156,-
provision for
estate,
machinery,
and
other
198,528
$159,267
preferred stock-
on
from
Net
—V.
other
$4,038:
316,501
December—
Gross
accounts
& Bro.,
$10,945;
$200,000;
2,863
$357,7.95
$362,405
Equip, rentals
1946
30,
for discounts of $409),
(banks),
payable
2,463
registrar
Railway
in
H.
4,814
$354,932
$678,906
Texas Mexican
Jt.
guaranteed
20,267
6,331
3152.
p.
pro¬
$3,632,876.
328;
A
28, 1926 as State Telephone Co., of Texas. On
April 1, 1931 name was
to Southwestern Associated
Telephone Co.
Company is en¬
gaged in the business of providing
telephone service in 193 communities
and surrounding territories in
States of Texas,
Oklahoma, New Mexico,
and
1,
the
on
AT
51,675
20,679
$676,443
Chase
from
Renegotiation
receivable, $3,616; inventories (at lower of
$2,667,854; cash surrender value of life insurance.
total,
—V.
changed
liOuisiana
and
LIABILITIES—Notes
The
46,331
vehicles
p.
appointed
time.
SHEET AS
65,475
33,414
36,741
Texas Gulf Producing Co.—Registrar—
The
ry.
with
determination
date.
$530,584
71,283
expenses
taxes
Earnings available for class A and com. stock
Earnings per share on class A and com. stock-
Net
Federal tax
refunds
recoverable,
$39,111;
real
equipment,
etc.
(after reserve for depreciation of $605,672),
$397,930; leaseholds,
$12,867; trademarks, $1; prepaid expenses and deferred charges, $47,-
$1,782;
general
income
deductions
Net
58,000 shs.
bonds
incorporated
completed
accounts
acceptances to
75,000 shs.
aggregate
this
at
092; accounts receivable (after
447;
and
77,262
93,748
$857,810
from operations
than
profit
Dividends paid
Outstanding
33,000 shs.
permits the
$2,856,
$105
FINANCING
*
oari
$6
(undesig¬
par)
the manner,
&
(no
par)
series)
(no
provided.
3be outstanding
stock
(no
that
to
1945
$701,594
123,184
income
recov¬
Standard Fire Insurance Co., Hartford, Conn.—Report
PRESENT
Authorized
.1st mtge. bonds, 3%%
its
then
standing.
been
final
a
it
BALANCE
$118,281;
to
$267,341;
company purchased 35
shares
from General Telephone
by
determined
CONSOLIDATED
$294,574;
May, 1946, the
cumulative preferred stock
have
period from June 2, 1945
been completed, and their effect, if any,
surplus
taxes,
In
realized
were
1945
the
trade,
company and is equal to the redemption price of
such shares of $6 cumulative
preferred stock ($105 per share) and the
excess of such
cash over liabilities of General
Telephone Allied Corp.
at the date of transfer.
On April 24,
1946 General Telephone Allied
Corp. was dissolved and the shares of $6 cumulative
preferred stock
and $106,874
in cash was distributed, subject to a
$15,921 Federal
income tax liability, to the
company in redemption and cancellation
of all of the
outstanding capital stock of General Telephone Allied
Corp.
2,
received
company-
profits
ceedings
June
pur¬
76,998
bonds!
on
equip¬
part of the business of the manufacturing subsidiary is
renegotiation under the Sixth Supplemental National Defense
Appropriation Act as amended.
Renegotiation proceedings with respect
to
expansion
1946
Net
tlncluding interest expense, life insur¬
charges.
miscellaneous
for
$1,057,993
Profit
$140,917
$1.17
surplus
share
depreciation.
and
ment
used
maintenance
Gross profit
Taxes
5,846
3,827
taxes-
to
per
-Before
eries
be
etc.
Administrative
$276,822
10,162
deductions
for
42,257
$272,059
income
(Income
Frov.
will
$367,278
obsol.
amortization
Operating
(Other
tolls,
and
Depreciation
1,183
$320,336
profit
oper.
for
and
Proceeds
$9,890,320
7,907,118
$319,105
revenue
bilities,
Telephone
the
to $4.88.
Co., St. Louis, Mo.—Files with SEC
underwriting.
Operating
Other
3,679,560
952,616
profit
operating
company and a small amount of cash and the amount of
such note was
determined by agreement between the officers
of General
of
outstanding
—■
Dec. 1, '45
$4,537,624 $10,376,204
4,041,087
ministrat. expenses
Corp.
and
amounted
Years Ended Dec. 31—
Total
52 Weeks Ended
Dec. 1, '45
85,312,808
sold
miscellaneous
5%
due
amount
outstanding
shares
of
255.
p.
without
Income
162,
discts.,
allows
goods
market),
en
1945,
number
Other income
other
payable
15,
of
share outstand¬
per
Dec.
on
2190.
the
note
Dec.
on
basis
on
Financing costs amortized
Employees' profit sharing plan
Spencer Shoe Corp. (& Subs.)—Earnings, etc.—
Telephone Corp. (parent).
The
1945
company on Jan. 21 filed a letter of notification with the SEC*
2,000 shares ($100 par) 5% cumulative
preferred, to be offered at
Interest
Bank
Dallas,
dividend
$4.56#
depreciation, depletion and Federal
non-recurring income.
$Earning»
Tacony-Palmyra Bridge Co.—Earnings-
Offering prices of the securi¬
Sovereign Investors, Inc.—Asset Value—
The
yet
share on or
thereafter.
Dividends
share
per
Transfer
Registrar:
at
for
2,838,92»
$1,559,843
poses.
subject to
Stock Offered—An
$4.15
The
be
increased
2193.
p.
3,119,582
$$4.44
amortization,
flncludes
share
stock
165,
for
NOTE—A
Southwestern
3,430.977
$4.17
preferred
electric
demands
in
the
territory served, the
spend approximately $9,300,000 on its construction
program
for the fiscal year ending Aug. 31,
1947.
Proceeds of the
linancing, together with proceeds of the recent sale of $3,500,000 2To%
has
it
changed
3,430,977
_
Suppiger (G. S.)
preferred
expects to
Earnings
been
1946
1945
1944
19431!
$14,726,551t$15,666,543 $13,350,217 $13,352,524;
shares
reserves,
common
par
stock
common
Net
Phosphate
York
advised
725.
p.
Subs.)—Earnings—
profit
Net
Southern
185,
,
called for
Earn, per share
124,000
1,696,986
stock
be
Sun Oil Co. (&
statement
new
common
$1).
the
Cr662,939
174,805
30,
will
Years End. Dec. 31—
'Net
before
underwritten by Dillon Read &
ties will be determined later.
33,105,440
734.919
Jan.
preference
—V.
(Dr)___
<
the company had accepted 11,566 shares of the old '
for
exchange.
Any shares not exchanged by
redemption on March 1 at 105 and accrued
dividends.—V. 165, p. 114.
'
'
142,216
$252,779
the
(par
stock
P.
(Companies.
230,400
343.
p.
company
stock
'Excluding S. P. RR. Co. of Mexico. tRepresenting interest on certain
bonds of solely controlled
affiliated companies not credited to income of
3.
112,873
104,900
(net)
deducts.,
'Total
Consol.
104,000
Selling, general and ad-
P.
(Cri__
adjust.
116,250
con¬
cos
adjust.
2Consol.
40,322
129,408
45,592
128,725
As
—V.
59,778,900
205,172
System
of
61,121
285,000
income
machinery
items.
Southwest.ern Public Service Co.—Registers With SEC
8,769,364
4,293,256
income
Feb.
51,009,536
377,751
1,830,934
loss
4,228
208,660
taxes
income
-V.
p.
3,915,505
income
Transp.
6%
5,833
income
23,723.964
deductions
Net
4,536
3.549
127,491
Misc. deducts,
Crl25,989
1,554,020
income-
40,142
32,586,396
18,360
Contingent charges
<*Net
15,180,812
1 597,398
income
Misc.
13,159,692
(net)_
rents
oper.
1,136,543
581,1070T7,459,910Cr45,152,104
taxes
rents
facil.
853,154
99,440
57,106
59,173
taxes
oper.
funds
city
taxes
104,694
123,534
(net)
exp.
income
company
Unemploy.
426,798
114,068
147,130
Federal excess profit tax
(net)
in
484,836,392
37,904,464
39,791,903
expenses
Companies)
1946—12 Mos.—1945
s
38,126,327
revenues
oper.
Affiliated
638,398
141,310
493,957
367,592
fees
contract
other
Strawbridge & Clothier, Phila.—Offer Extended—
175,669
_
exps.
and
The company has extended from
Jan.
30 to Feb. 28 the time In
which holders of its 6%
prior preference stock, series A, may
exchange"
their shares for $5
cumulative preferred stock on a share for
share!
basis, plus a 70-cent cash adjustment.
8,187
_
&
pensions
oper.
equipment
73,408
_
sal.
and
(par
Separately Operated Solely Controlled
Jan. 22 filed a letter of notification with the
SEC
2,750 shares ($100 par) Class A
common, to be offered at par '
without underwriting. Proceeds will
be used for purchase of
$2,200,812
$2,832,498
repairs
office
The
(Incl.
Stillwell Corp., New Orleans,
La.—Files with SEC—
The company on
1943
amortiz
Commercial
new
Transportation
an exchange of stock, the
Sterling company also acquired
assets, business and good will of Dr. D. Jayne &
Son, Inc., #!
also of
Philadelphia. Mr. Hill said that both firms would be operated !
as subsidiaries.—V.
164, p. 2591,
?r
:
#
net
Years Ended Dec. 31
1945
Traffic
covering
Co.
INCOME
OF
Nov. 30,'46
revenues
and
and
The
Pacific
Co
786,638
Maint.
-
Through
and
location.
Southern
&
11 Mos. End.
Depr.
created
Ladox
the
640
offered
acquire
during the war as reports in the American scientific
an unusual demand
by the medical profession; but
Laboratories succeeded in
manufacturing Digitoxin in com¬
mercial quantities.
*
the
for
STATEMENTS
Net
a
640
1,600
960
1,600
the
Co., Washington, D. C.—Files
5%
par)
underwriting.
week
increase
an
filed
21
($100
without
par
business
Jan.
on
the
compared
as
last
Southern Hotel Supply
with SEC—
The
for
company
960
Mitchum, Tully & Co
Rauscher, Pierce & Co
Jones
ceased
960
960
1,600
Federal
Electric
Funk & White
2,560
960
Pncst—
Co
Edward D.
General
Southern Colorado Power Co.—Weekly
name:
Dewar,Robertson &
First Southwest Co
2,560
Co
Co
Particulars—
27 declared a dividend of 40 cents per share
the common
stock, payable March 1 to holders of record Feb. 14.
This is equivalent to 80 cents
per share on the stock outstanding prior
to the 100%
stock distribution made on Dec. 20, 1946. Last
year, cash
dividends were paid as follows: Jan. 7, 10 cents; March 1 and June
1,
cents
its
853
France
literature
underwriter
each
6,720
__
on
40
opposite
which
or
stock.
Jan.
on
shares
McC'rtney-Br'kenr'ge. & Co.
Schneider, Bernet & H'kman
Smith, Moore & Co
Operating
directors
&
Wisconsin
with respect to sale
divestment of its stock
to
or
G.
The
113.
p.
under
of
appears
Stone & Webster Sec. Corp
Central Republic Co., Inc
yet
as
Southeastern Greyhound Lines—To Pay 40-Cent Div.
The
toll
Paine, Webber, J'kson & C'rtis 6,720
the
of
No
Such
operating agreements
interchange contracts with these connecting companies.
200,000
program.
All
panies.
Exportation
from
The
par
of
a
a
ICC
or.
Jan.
promissory
like
14
note
authorized
the
road
to
issue
and
to
renew
for not exceeding $300,000 to evidence
a
at
loan
amount, the proceeds to be used fcr working capital.—V. 164,
,:!
'«*
THE COMMERCIAL & FINANCIAL CHRONICLE
854
Total
oper.
Total
oper.
expenses
Total
net
oper.
$21,209,604
17,532,409
$83,932
$3,422,972
$3,677,195
2,243,759
$135,004
Weir, Assistant
163, p. 1911.
—V.
$1,787,095 $22,995,864
1,703,162
19,572,892
$1,955,345
1,820,340
revs.
James
1946—12 Mos.—1945
1946—Month—1945
revenues—
United States Envelope Co.—Obituary—
Earnings—
Third Avenue Transit Corp.—System
Period Ended Dec, 31—
195,815
159,211
2,447,316
income.__
♦$60,810
♦$75,278
$975,655
Total
income
4,138
22,831
48,798
U.
Total gross income.
Net
loss
of
174,701
$552,259
to
165,
1,634,771
&
gen.
declared
27
Jan.
on
dividend
stock
50%
a
Other
2,779,477
$4,111,870
$2,536,320
distribution
$1
of
was made in December,
equipment and supplies.
last.
share
per
manufactures dental
by
1947, subdividing on that date each of the presently authorized com¬
shares without nominal or par value, both issued and unissued,
four new common shares without nominal or par value.
mon
into
Certificates
the
representing
said
shares
new
will
foT
available
be
shareholders at any time against surrender of the cer¬
the said presently authorized shares, on the basis
of four new shares
for each former share held, at the offices of
Chartered
Trust
&
Executor Co.
in Toronto,
Ont. or in Montreal,
to
75,044
78,038
R.
H.
White
which,
Corp.,
turn,
in
all of the
White
owns
stock or R. H.
common
Whiting Milk Co., Boston, Mass.—Stock Sold—
$868,429
305,267
62,000
$4,791,312
933,445
1,425,000
$2,874,890
295,053
1,132,000
It
was
announced
The
Old
Feb.
on
Colony
agent.—V.
The
165,
the
that
3
shares
12,000
offered Jan.
$1.50 par¬
by F. L.
of
at par,
21
Trust
has
Boston,
Co.,
transfer
appointed
been
727.
p.
directors
March
inc. taxes
815,000
income
of
No.
Fed.
1
shs.
499,241
$2.41
outstdg
share
per
$1,447,837
436,836
$3.31
$2,432,867
499,241
$4.87
$501,162
436,836
$1.14
$1,203,658
of the possible renegotiation of war con¬
income for the nine months ended Dec.
determinable, the management is of the
opinion that it will not be material.
Depreciation and amortization charges for the nine months ended
Dec. 31, 1946 and 1945 aggregated $733,886 and $901,766 respectively.
During the nine months' period ended Dec. 31, 1946 changes in clas¬
sification
were
made
affecting charges to cost of production,
and
31,
is
these
effect
as
27,
At
presently
administrative
changes
The effect
165, p. 725.
directors
The
Feb.
on
declared
5
dividend of $1
a
per
$1.50
of
Feb.
15.
July
15,
15
payable'
share,
per
made last
Payments
and Oct.
15,
year
each;
$1
and
$5.
G.
and
as
He
Clerk,
elected
was
Abbott
directors'
Treasurer.
retired
elected
were
is
Jan.
on
Charles Esucceeding
28,
the
board,
and
George
to
Whitman.
H.
elected
was
Mr.
.
held
stockholders,
List
Hendricks
Laymen
Clerk.
Treasurer,
also
Assistant
an
William
meeting,
A. Wright,
Thomas F.
formerly Treasurer.
Harry
an
Assistant Treasurer.
was
elected
was
remains
Assistant
Abbott
E.
Treasurer.
Hart
A.
Clerk.
Earnings—
comparative
"Chronicle"
See
share on the
stock, from earned surplus as of Dec. 31, 1946. This dividend
10 to holders of record on Feb. 17.
total of $4 also declared on the common stock in 1946, of which
Hart
G.
Assistant
who
dividend
a
record
April
meeting of
Vera
subsequent
The
$1 Common Div.
Rubber Co.—Declares
United States
A.
elected
Johnson
income
net
on
expenses.
material.—V.
not
was
and
Dudley
a
of
1,
special of
annual
William
At
declared
Feb.
Directors, Etc., Elected—
the
Boduriha
was
have
stockholders
a
New
company's
not
general
selling,
of
the
the
upon
1945
to
follows:
were
Nov.
for
Prov.
1616.
163, p.
of
outstatnding 2,500 shares of
ticipating preferred stock (par $25)
Putnam & Co., have been sold.
tificates representing
Quebec, Canada.—V
and
239,000
$2,626,814
608,156
NOTES—While
by-law confirmed
stock
common
Realty Co.
(William) Whitman Co., Inc. (Mass.)—$1.50 Dividend
tracts
the shareholders on Dec. 4, 1946,
Supplementary Letters Patent were issued to the company on Jan. 25,
to
208,407
223,364
247,671
credits
charges
Earnings
Ltd.—Stock Split-Up—
Toronto Elevators,
99,570
25,412
101,630
of
income
Income
*
company
delivery
4,262,421
$764,979
$5,315,797
$8,374,291
facilities
income
Gross
the
on
Net
Pursuant
1,026,217
$2,450,140
disposal
on
surplus
a
sale
admin.
income
oper.
Profit
outstanding.
cash
$1,791,196
Income credits:
Co.,
capitalization was recently increased from $100,000
par $25.
Approximately 3,000 shares are reported to be
$150,000,
A
$4,084,911
expenses
115.
p.
Manufacturing
stock
The
11,100,656
Dividends
authorized
The
17,346,917
sales.
from certain provisions of
proposed
preferred stock at par, or
Preferred—
tne invest¬
by company of 3,000 shares of
total consideration of $300,000 to City
31 exempted
City Stores, 78.7% of whose voting securities are owned by Bankers
Securities Corp., owns all of the issued and outstanding preierred and
2,059,701
$1,015,875
$227,149
$235,399
directors
cstpit&l
$51,206,628 $37,423,715
42,832,337
32,107,918
$21,431,828 $12,891,852
sales
Jan.
Stores Co.
194b—9 Mos.—1945
1946—3 Mos.—1945
White Realty Co.—SEC Exempts
on
Company Act the
issued
St. Paul, Minn.—Increases
Stock and Declares 50% Stock Dividend—
The
Chemicals, Inc.—Earnings—
sales
Net
Torit
Industrial
Gross profit on
$1,507,442
$1,024,454
2,040,329
♦$52,447
♦$56,672
178,726
__
Total deductions
(R. H.)
25.
its
S.
Selling,
"Loss.—V.
Jan.
on
The SEC
Period End. Dec. 31—
74,006
non-oper.
Net
died
secretary,
and
ment
Cost
Total oper.
Treasurer
$1,433,435
Total taxes
Monday, February 10, 1947
V.
profit
the
covers
165,
and
years
loss
account
ended
Nov.
published
30,
in
and
1946
week's
last
Dec.
1945.—
1,
581.
p.
Wilson Rubber Co., Canton, Ohio—Files with SEC—
common
Transcontinental & Western Air, Inc.—Sells $5,000,000
Notes
to
Hughes
Co.—Another
Tool
Available Before June—Indenture
fied by
The
$5,000,000
Be
to
Feb.
on
that
announced
3
agreed to take
completed
had
it
the
At the
time The Equitable Life Assurance Society of the
effective
United
with
sale
the
the
of
additional
W.
T.
notes
A.
to
Hughes Tool Co.
The
notes
price to
the
stock
prior to
stress
the
on
that
T.
stock
common
W.
T.
of
A.
at a
closing market prices
Exchange during the ten days
Stock
the
of
In this way the conversion price will always
the
of
time
conversion.
of
transaction
this
A.
W.
the
average
York
New
the market at
completion
into
the
by
conversion.
any
be close to
"The
convertible
are
determined
be
has
faced
in
financial
greatly relieves the
months," Noah
Dietrich,
recent
Executive Vice-President of Hughes Tool Co., said.
"It is the beginning
of a more comprehensive program for the future which will provide
for financing the acquisition of aircraft as the needs of the service
require."—V. 165, p. 458.
holders of record
of
record
filed
company on Jan. 28
for 20,000 shares (50c par)
York,
to
be
letter of notification
a
stock
common
offered
at
market
on
behalf
without
with
the SEC
of Samuel
SaMne,
underwriting.—V.
163,
2451.)
p.
of
$4
for
share on
a
first
Feb.
17, and $2 to be paid on June 9
of
this
31,
1946
during the year 1946.—V.
of
The
corporation's
common
The
for
company
2,500
shares
shares
5,018
officers
letter
a
par) stock to be
issued to Arthur N.
be
for
company,
will
be
used
for
offered
at
Taylor
and
promotional
copartnership business to company
ceeds
notification
of
($10
to
the
of
filed
24
general
$10
services
There
corporate
the
SEC
share
a
Gerald
and
and
Ellis,
J.
transfer
underwriters.
no
are
with
1946,
31,
Dec.
The company
Jan.
on
40,000 shares of
stockholders
of
filed
28
Jan.
l
(no
ratio
in
Jr., has been appointed Assistant Vice-Presi¬
in
charge of sales of United States Steel Corp. of 'Delaware.
1945 he had been a member of the staff of the Vice-President
dent
Since
in
Chappie,
S.
that corporation.—V.
sales of
of
charge
165, p.
726.
notification
of
of
four
with
the
SEC
share
held at $2 per share.
Rights expire March 1.
used to pay
expenses, etc., of publishing a magazine.
Proceeds
be
company
announced that
it
filed
amendment to its registration statement
the
proposed new issue of
($100 par) which will
stock
preferred
of
1
In
the
stock
share
of
will
preferred
addition
to
Blyth
Fenner
&
Jackson
directors
Weld
&
&
Co.;
First
Co.;
an
underwriters
cumulative
into
SEC
common
preferred
stock.
The
stockholders at the rate
shares of common stock held.
Ripley
& Co.,
included:
&
Inc.,
Weeks;
who
heads
Merrill
the
&
Lynch,
&
Co.; Boettcher & Co.-; Bosworth, Sullivan
Corp.; Hayden, Miller & Co.; The Illinois
Pacific Co. of California; Pacific Northwest
Co.; Watling, Lerchen
& Co.; Whitting, Weeks & Stubbs; Schwabacher
J. Barth & Co.; E. W. Clark & Co.; Farwell, Chapman & Co ;
Folger, Nolan, Inc.; Merrill, Turben & Co.; The Milwaukee Co.- Julien
Collins & Co.; Hemphill, Fenton & Campbell; and
Kirkpatrick-Pettis
& CO.;
Co.—V.
165,
725.
p.
has
set
March
for
4
a
hearing
Months
last
have
took
payable
on
paid on
was
action on the dividend which
about Dec. 16, 1946.
June 1, last year, which was fol¬
no
year
been
cents
15
In
statement
a
of
the
proposal
of
the
to exchange 4 shares of common stock of Columbia Gas
its subsidiary, and $2 in cash for each share of its
outstanding $3 cumulativle preference stock, including all rights
and claims to any dividends accrued on the latter.
United Is limiting the number of shares of its
preference stock
subject to the exchange of 200,000 shares.
Net
Ended
Dec.
all
of
Earnings
—V.
charges
1945
1946
5,318,488
2,696,434
6,454,403
but
2,781,866
$3,672,537
common
per
$2,622,054
1,419,950
1,358,960
$2.59
United
company
Public
is
in
to
the
an
Utility
of
process
investment
Holding
switching from
company
Company
Act.
:saV hearing on the company's
a,
order of
V
165
Aug.
14,
1943,
so
C°^80>n s^oc^
as
in
Mr.
public
a
order
to
Smith
utility holding
comply with the
made
his
disclosure
motion for the SEC to modify its
to
require the
vote
of
only
a
share
Milk
Products
Co.—Plans
.The stockholders will vote Feb.
27 on
approving
the_ present common and preferred stocks
It
new
Is
also
common
proposed
stock in
to
offer
exchange
onrMa^?5ari94°7~vmi164
|pMtf
Split-Up.,
on
a
etc.
a proposal to split-up
four-for-one basis.
holders
on
of the new preferred
stock
the basis of four shares of preferred
t0 exchange would expire
drug
Winthrop
iine
trade,
sent
were
Under
has
said
Noh
action
added
been
now
Mr.
retailers
to
the
in March,
products,
that
covering
two
taken, the balance
the schedule in those
just
Minimum
retail
established
are
current
prices
10%
at
published
stipulated
in
to
164,
schedule,
list
from
discount
catalog.—V.
the
Noh
Mr.
prices
in
said,
Winthorp's
998.
p.
NOTE—'For
mechanical reasons it is not always
to arrange companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
possible
order.
York
Corp., York, Pa.—Earnings—
Completed sales
1946
1945
$5,115,564
Dec.
$3,445,863
31—
♦Partly
-
5,050,187
717,752
contracts
income
and
(for
1945)
excess
taxes
Estimated
Net
$8,035,950
654,883
before
4,590,081
$10,165,751
completed
243,000
taxes
profit
tOrders booked
380,215
$411,883
income
$337,53?
8,432,358
9,469,963
21,473,480
(Uncompleted
17,103,134
during quarter
contracts
not
included
in
gross
substantial
♦A
It
statements
to
is
contract
the
consistently
such
include
85%
corporation's sales are classified as
the practice in annual earnings
and profits thereon, only if the
complete at the year-end.
Interim earnings
of
portion
has
contracts.
more
or
been
sales,
staetments.
(Does
orders
include
not
on
hand
from
distributors
for
accessory
supplies and service which amounted to $19,642,000 aft
Dec.
1, 1946 and approximately $9,000,000 at Dec. 31, 1945.
These
orders are not recorded until shipped.-
Registers With SEC—
Virginian Ry.
from
from
Net
ry.
1945
1946
1943
1944
Securities
$2,011,470
♦3,132,519
$2,132,913
634,734
$2,640,762
659,770
479,592
♦492,105
547,307
634,013
24,788,096
28,308,057
4,959,029
29,169,161
11,934,867
7,118,417
27,300,864
6,967,524
4,752,308
income
1,232,047
From Jan. 1—
from
Gross
Net
ry.
railway
railway
from
Net
income
♦Deficit.—V. 165, p
oper.
6,062,583
12,560,870
7,487,223
Corp.
earnings
published
month
—V.
165,
381.
p.
and
the
in
twelve
and eleven
"Chronicle"
of
as
13,
Jan.
months ended Nov.
months
30,
1947
are
1946 and 1945
shown). See V.
1945
revenue
to
an
—
165,
p.
257.
16,221,274
miles
passenger
16,612,418
increase
or
of
2.41%
flown by the airline last December
compared to 10,914,334 In December,
For November of last year the total
than December's figure.
miles,
52.21%.
less
Express pounds carried by WAL in December, 1946, totaled 236,549
pounds, an increase of 90.04% over the total of 124,475 for December,
1945.
For the entire year a 71.58%
increase was noted in this type
of
pound
103,925,216
centage
—V.
miles
flown
of
Western Ry. of
Net
December
more
than
doubled
the
corresponding month in 1945, with comparative figures
to 46,277,276 miles.
This was a boost of 124.57%.
Per¬
increase for the year was 43.28% over that for 1945.
165, p. 380
Gross
Net
last
the
for
Alabama—Earnings—
1946
From Jan.
from
ry.
1943
$457,242
$450 103
~93,379
126,716
138,861
"21,472
48,235
34,462
46,786
1—
from
Net
Net
1944
$335,930
"113,495
.
1945
$205,770
from
railway
from railway
ry. oper. income—
Gross
McLeod, Secretary, on Jan. 24 said in part:
season of
1946 gold production of $1,400,000 was realized
operation of Dredges Nos. 3 (Klondyke Riven, 4 (Bonanza
Creek), 7 (Quartz Creek), 8 (Middle Sulphur), 10 (Dominion Creek)
and 11
(Hunker Creek). Stripping was carried on at Nos. 6 (Lower
C.
E.
the
For
from
the
Sulphur),
operated
3,716,325
5,069,571
211,122
993,749
5,586,048
1,986,314
2,236,080
income™
264,094
382,321
523,357
659,911
♦Deficit.—V.
165, p. 257.
5,342,133
8,
9
(Upper Sulphur), 10 and 11.
7, 8, 10 and 11.
Thawing plants were
J
show that the com¬
pany made a profit of approximately $335,000 before providing $265,OOOf
for depreciation, leaving a profit for the year of $70,000 before pro¬
viding for taxes on such profit. The comparable figures for 1945 were
a
profit for $294,969 against which was set depreciation of $188,991,
figures
(subject to audit)
for 1946
surplus of $105,978.
at the end of the year were approximately $1,earnings in the years 1944, 1945 and ,1946 have
for payment of a dividend, the directors have
decided that the company's financial position warrants declaration of
a
dividend of six cents a share requiring $356,991, payable out of
the
accumulated surplus as of Dec, 31, 1945, which amounted to
$1 538,486. This dividend will be paid on March 7,
1947, to share¬
holders of record on Feb. 7, 1947.
(The previous payment—also six
cents—was made on March 15, 1944.—Ed.)
,
Liquid
resources
Although
200,000.
been
not
Mention
selling
ing
railways—
railway
oper.
7,
at Nos. 6,
Provisional
leaving a
cargo.
Express
total
Gold Corp., Ltd.—To Pay Divi¬
Consolidated
dend of Six Cents—
Western Air Lines, Inc.—Traffic Increases—
Total
amounted
are
preferred stock is being issued in connection with a financing
provide for plant expansion and other corporate purposes.
Of the proceeds from this sale of preferred stock, $7,000,000 will be
applied to the repayment of bank term loan notes and the balance
will be added to working capital.
These bank borrowings had been
effected in connection with the improvement and expansion program.
to
256.
Washington Water Power Co.—Correction—
for the
a
The
plan
Yukon
(not for the month
registration statement Jan. 30 with the SEC,
160,000 shares of cumulative convertible
Union Securities Corp. and Stone & Webster
named as principal underwriters.
filed
respect to a new issue of
preferred stock ($50 par).
$2,076,134
railway
railway
oper.
with
Earnings—
December—
Gross
Net
majority
effect United's plan for future operations.—
the
contracts.
The corporation
December—
United
to
Zephiran.
$1.93
shares
common
165, p. 380.
was
Change-
placed on
laws
G.
Noh,
trade
Joseph
however, include sales and profits in proportion to the
stage of completion of each contract anticipated to be 85% or more
complete at the year-end.
Sales and profits on orders not treated
as
contracts are recorded when billed on both
interim and year-end
corporation
will have $50,000,00 in assets to operate as an invest¬
ment company, Richard Joyce Smith, United's
counsel, disclosed at a
■hearing before the Securities and Exchange Commission Feb. 3.
by
be
fair
where
statements,
Subs.)—Earnings—
31—
profit
Number
own
Assets Forecast After
will
company
states
equipment,
& Electric Corp.,
corporation
and
or
$25,360,915 $21,517,973
after
those
the
on
directed
before taxes
Provision for Federal State & foreign taxes
•
United Corp.—Hearing March 4—
SEC
24
by a payment of like amount on Sept. 17.—V. 165, p. 580.
The
The
of
Vick Chemical Co. (&
Pierce
Barney & Co.; Drexel & Co.; Paine Webber'
Witter & Co.; Carl M. Loeb, Rhoades & Co •
Forgan & Co.; Lee Higginson Corp':
Harris, Hall & Co. (Inc.); Kebbon, McCormick
Co.;
Jan.
group
Michigan
McDonald
on
of
Glore,
Whipple
of
of
the
the
Dean
Co.;
Bacon.
Co.;
shares
lowed
late
would
initial
Profit
common
19 y2
Hornblower
Dominick;
&
each
be
listing
convertible
to
with
5
all
announcement
an
Valley Osage Oil Co.—Omits Dividend—
Six
Smith,
Curtis;
&
will
Inc.;
Beane;
&
Dominick
White,
Co.,
&
for
Harriman
following houses
94,773
be
offered
be
Feb.
Exchange
Sales
United Air Lines, Inc.—Underwriters Listed—
The
Stock
each
will
this
of
in
15,
to
income
Pro¬
for
products
Feb.
1946, fair trade contracts
Creamalin
profit
that deliveries
of
4 'A %
cumulative prelerred stock, up to and including Feb. 17,
1947, may be made either with temporary certificates or with perma¬
nent certificates;
that beginning Feb. 18, 1947, only permanent cer¬
tificates shall be a delivery.—V.
165, p. 726.
York
New
ordinarily
shares
new
of
according
Total
Certificate—
Universal Pictures Go., Inc.—Form of
purposes.
par), to be offered to present
Fair
on
Gross income accrued from:
An
letter
a
stock
common
record
line
effective
force,
Three Months Ended
Promotion—
The
for
SEC
without
working
457,578
of
Two to Six, Inc., New York—Files with SEC—
the
with
be offered at par
provide additional
before,
year
The
Jan.
on
notification
of
to
to
Vice-President.
shares,
3,881,599
entire
trade,
in
Profit
Tung-O Paint & Varnish Corp. of California, Los Ang.
letter
a
common,
be
used
countries on
foreign
1910.
—Files with SEC—
will
Winthrop Chemical Co.—Entire Line Is Put
are
shares of common stock was owned by residents
Dec. 31, 1946, comparing with 472,394 shares
while foreign holdings of preferred stock on that date
totaled 51,817 shares, against 55,224 on Dec. 31, 1945.
total
A
of
filed
par)
Trade—
165, p. 725.
Corp.—No. of Stockholders—
Steel
totaled
on
20
(S5
Proceeds
capital.
to holders
comparing with 879,053 shares a
year before.
Preferred stock on brokers' names in New York State
totaled 51,489 shares against 54,888 a year before.
Holdings of common stock in States, other than 10 Eastern States,
and including
the District of Columbia and the Territories, totaled
3,604,301 shares on Dec. 31, 1946, comparing with 3,414,580 shares a
year before.
Preferred holdings in the same areas on Dec. 31, 1946
totaled 1,035,182 shares against 1,021,400 at Dec. 31, 1945.
shares
759,774
Jan.
on
shares
preferred stock, $2 to be paid on March 10
stock in 10 Eastern States
exclusive of shares held
in
New
York
broker's
names,
comparing with 3,937,225 shares a
year before,
the corporation announced on Feb. 4.
Holdings of pre¬
ferred
stock
by
others
than brokers in
New York State totaled
2,464,323 shares, against 2,471,299 shares on Dec. 31, 1945.
Common stock held in brokers' names in New York State numbered
Dec.
company
14,772
underwriting.
These payments are to be made from net earn¬
19.
States
Holdings
on
Bennett
The
164,
dividends
in
The
fair
Tri-United Plastics Corp., Irvington, N. J.—Files With
SEC—
p.
May
on
(See V.
6 of this year.
declared a total
on
the company
ings of
a
New
also
non-cumulative
United
same
Jan.
on
director
additional $5,000,000 in convertible notes before
an
holder of $40,000,000 T. W. A. sinking fund debentures, has
agreed to a change in the sinking fund terms providing lower sinking
fund payments over the life of the debentures.
This provision be¬
comes
paid
was
The
l, 1947.
States,
of
$1
to
in its new financing program through the sale of $5,000,000
in convertible notes to Hughes Tool Co., its principal stockholder, which
has
A
the 8%
first step
June
payable March
Debentures Modi¬
on
Equitable Life Assurance Society—
corporation
is
the
should
be
made
of the
value
years
of
the
company's
reflected in the production figures.
gravel
been shown with gold at
in the
resulted from bring¬
the United States in
decrease of $3.50 an ounce
price of gold produced in Canada, which
Canadian dollar to parity with that of
1946. This loss is necessarily
July,
The
sufficient
reserves,
however,
$35.00.—V. 163, p. 1204.
has for some
Volume 165
Number 4567
THE COMMERCIAL & FINANCIAL CHRONICLE
855
State and City Department
BOND PROPOSALS AND NEGOTIATIONS
ARIZONA
Kern
County Sch. Dists. (P. O.
Bakersfield), Calif.
Bond Sale—The
$140,000 Arvin
Maricopa, School Districts, Ariz.
Bonds
Voted
—
The
following
School
bonds amounting to $280,000 were
voted at the election
sale
favorably
held
First
$250,000
school
district
No.
21
000
University of Arizona (P. O.
is
success
reve¬
in
1948
Feb.
sale
Security
of
An¬
LOs
to
1957.
Dated
Jan.
3—v.
165,
585—were
p.
awarded to
Lawson, Levy & Wil¬
liams, of San Francisco, as 2%s,
at a price of 100,11, a basis of
June
on
the
as
Denomination $1,000.
The $11,000 Lebec School Dis¬
trict bonds offered for sale on
stated
now
that the $350,000 dormitory
nue
bonds,
offered
for
without
to
Bank
for
585—
p.
6, 1947.
Tucson), Ariz.
Sold—It
ofered
165,
iv2s, semi-annual, at a
price of 100.107, a basis of about
1.478%. These bonds are due $14,-
30,000 school district No. 5 bonds.
Bonds
bonds
3—v.
National
geles,
bonds.
,
Feb.
awarded
were
Jan. 28:
on
District
on
14, 1946,
have since been purchased by John
Nuveen & Co., of
Chicago, as 2y2s.
Interest payable M-S.
about
2.729%.
These
due
bonds
are
1956,
and
$1,000 in
$2,000 in 1957.
Denomination
ARKANSAS
Paragould, Ark.
Bond
Election
Council
is
Pending
to
said
be
considering
the calling of a special election for
March 10, to have the voters pass
the
on
issuance
of
$150,000
$1,000.
Angeles County, Temple Sch.
(P. O. Los Angeles), Calif.
Bond Sale—The $150,000 school
awarded
sale
of about 1.916%.
American
F-A.
of San Francisco, at a
price of 100.153, a net interest cost
Madera
Bank
of
Dist.
Bond
$75,000 2V4s, at a
100.50,
a
net
interest
cost
Toll
Bridge
of
Authority
Fund Revenue
Sch. Dist.
Sept.
28,
1,
Bond
on
v.
Said
on
bonds
with
maturing
on
at
the
thereof,
collection
incl.
Second
pricef
said
Interest
redemption
ceases
on
date
—v.
the
offered
for
sale
on
Feb.
1
Security-First National Bank
of Los Angeles, as iy2s, at a price
of 100.129, a basis of about 1.473%.
Dated
Feb.
tion $1,000.
1,
1947.
Denomina¬
These bonds
$10,000 in 1948 to 1957.
are
due
The next
highest bidder
was Blyth & Co.,
Talbot, and C. N.
White, jointly, for l%s, at a price
Hannaford
&
of 100.005
Hemet, Calif.
Bond
bonds
Sale—The $100,000 sewer
for sale recently,
offered
2.04%.
These
bonds
are
1, 1948 to 1967.
payable F-A.
due
$5,-
Interest
Dated
March
Interest
Sacramento
to
bid
March
1, in
1949
1947.
Due
$1,000. Dated April
April
on
1,
1956.
Election
mitted to the
—
An
voters
tion to be held
of
at the
elec¬
High
Sch.
Dist.
Trust Co.
or
l/20th of 1%,
at the lowest rate obtainable when
sold
at
par,
or
when sold
at 3%
the bidder who will pay the
highest price therefor. The legal
approving opinion of Giles J. Pat¬
to
terson,
of
Jacksonville,
furnished to
out
charge.
will be
the purchaser with¬
A certified check for
2% of the bonds bid for, payable
to the State Board of Administra¬
tion, is required.
Inverness, Fla.
Tenders
Bond
Invited
It
—
is
stated by J. H. Spivey, City Clerk,
that he will receive sealed tenders
at
8
(EST),
p.m.
March 4, of
on
the city's Series A, B or C refund¬
ing bonds, Issue of 1943. Tenders
designate the price at which
are
Bank
&
of St. Louis is making
public offering of $160,000 2V4%
building bonds.
Dated Nov.
1,
1946. Denom. $1,000. Interest J-J.
Due Jan. 1, as follows: $10,000 in
1953, $11,000 in 1954, $10,000 in
1955, $11,000 in 1956 and 1957,
$12,000 in 1958, $11,000 in 1959
and 1960, $12,000 in 1961, $11,000
in 1962, $12,000 in 1963 and 1964,
and $13,000 in 1965 and 1966. Prin¬
cipal and interest payable at the
First
National
Bank,
Chicago
Legality approved by Chapman &
Cutler, of Chicago.
Moro
Township (P. O. Moro),
Bond
issue
Legality Approved
of
—
lit.
An
$6,000
2%% road and
bridge bonds has been approved
to
legality by Charles & Trauernicht, of St. Louis. Dated Jan.
15, 1947.
as
offered to the city
of
the
water
the
Clerk
works
voters
terest in
Clerk-Treas¬
A certified check for
able
to
rate of in¬
name
multiple of V4 of 1%.
a
order
$5,000,
pay¬
of
the town, is re¬
opinion of Ross,
McCord, Ice & Miller, of Indian¬
apolis will be furnished the suc¬
quired.
Legal
cessful
bidder
at
the
town's
ex¬
pense.
York
Township Sch. twp. (P. O.
S
Marktand), Ind.
Bonds Sold—It is stated that the
$10,000 building bonds offered for
sale last Dec.
16, were purchased
by Kenneth S. Johnson & Co., of
Indianapolis,
100.85.
as
iy2s, at
a
price of
Interest payable J-J.
IOWA
Fort Dodge, Iowa
Tentative Bond Election —The
City Council is said to have set
March
for
14
the
as
election to
an
of
suance
tentative
vote
on
date
the is¬
$200,000 airport bonds.
Grundy County (P. O. Grundy
Bond Election—The issuance of
the $97,000 $200,000 Memorial Hospital bonds
approved by will be submitted to the voters at
28, have been an election scheduled for Feb. 14.
that
bonds
Jan.
on
Town
Bidder to
Center), Iowa
Bonds Sold—It is stated by the
Village
tenders.
office
Noble, III.
Offering must be firm for 10 days
subsequent to the date of opening
such
Commerce
-
to
and after June
urer.
No. 165 (P. O. Carbondale), III.
Bonds Publicly Offered — The
bear interest
ples of y4, l/10th
before Dec. 1, 1951;
or
1, 1961; 4% from June 1,
Dec. 1, 1971; and 2% on
1, 1972. Principal
and interest (J-D) payable'at the
1962
issue
Feb. 25.
on
County
Mercantile
expressed in multi¬
on
6% if redeemed from June 1, 1952
Highland Park, III.
Bond
Prin. and int. payable at the First
National Bank, Tampa. Bonds to
Hoistein
was
an
Sch.
Dist.
offer
Fair
1,
to
the
Oaks
(P. O.
Voted—It is reported
County
Schools
that
voters
Superintendent
at
a
recent
approved the
of $50,000 construction
by
of
and
recently,
14, 1946.
The bonds
may
awarded
America
to
by
City Clerk that the bonds
totaling
$203,000,
sold
to
the
syndicate headed by Wyatt, Neal
& Waggoner, at a price of 103.07—
v. 165, p. 385—are due as follows:
$89,000 2%
water
bonds. Due
on
and
1962,
and
$5,000
Due
1959 to
in
$6,000
196,3
in
to
1968.
Jan.
J-J.
able
about
1, 1947. Interest pay¬
Net
cost
of
issuance
of
interest
2.13%.
the
ILLINOIS
Trust
Savings Association, of San
Francisco, at a price of 100.117, a
net interest cost of
000
for
Dec.
2.316%, as fol¬
$120,000 maturing $10,15, 1947 to 1958, as 2s,
$110,000 maturing Dec. 15, $10,000
in 1959 to 1961, $20,000 in 1962 to
1965, as 2V4S, and $100,000 matur¬
ing Dec. 15, $20,000 in 1966 to 1969,
and $10,000 in 1970 and 1971, as
2y>s. Interest payable J-D. Dated
Dec. 15, 1946.
Denom. $1,000.
Buckley, III.
$8,000 water softener and purify¬
ing plant bonds was approved re¬
cently by the voters.
Capron,
000
water
submitted
Bond
Call
C.
Aiken,
Treasurer, has
announced that 100 series A, re¬
Town
Clerk
—
and
Fred
$19,000
which
tion
$30,-
system bonds will be
the1® Voters at the
on
distribution
water
were
on
authorized at
Dec.
Des Plaines,
INDIANA
Bond
works
sale
were
at
a
Bond
revenue
bonds offered
awarded
of Indianapolis, as 21/2s,
100.328,
to
basis of
a
KANSAS
for
4—v.
price of
Details—The
memorial
2.625%.
165, p. 728
awarded to the City Securi¬
Feb.
on
Sale
$20,building bonds
Shaw, McDermott &
Co., of Des Moines, as 2%s, at a
price of 101.15—v. 164, p. 2597—
mature Dec. 1, as follows: $5,000
in
1951, and $1,000 in 1952 to
1966,
giving a basis of
about
000
Sale—The $112,000 water
ties Corp.,
Arkansas
Bond
Clough,
City, Kan.
Offering
City
—
James
F.
Clerk, will receive
sealed bids until 10 A.M. on Feb.
Dated Feb. 1, 1947.
10 for the purchase of $107,700
$1,000. These bonds are li/4% water works improvement
bonds.
Dated Feb. 1. 1947.
One
1, in 1948 to 1971. The
next highest bidder was Walter, bond for $700, others $1,000 each.
Woody & Heimerdinger, for 2%s, Due as follows: $7,700 Feb. 1 and
at a price of 100.259.
$10,000 Aug. 1, 1948; $5,000 on Feb.
1 and Aug. 1 from 1949 to 1957
Montgomery Township (P. O.
incl. Principal and interest (F-A)
Commiskey, R. F. D. 1), Ind.
payable at the State Treasurer's
Bond Sale—The $3,500 commu¬
office.
The City will print the
nity building bonds offered for bonds and will register them in
sale on Jan. 30 — v. 165, p. 117 — the office of the State Auditor and
were
awarded
to
Kenneth
S. will also furnish a
legal opinion
Johnson, of Indianapolis, as l3/4s,
by the City Attorney. If other le¬
at a price of 100.73, a basis
of gal opinion is desired the purchas¬
about 1.63%. Dated Dec. 23, 1946.
er will pay for same.
The City
Denomination $350. These bonds
reserves
the right to reject any
are due $350 from Jan. 1, 1949 to
and all bids.
Bonds will not be
1958.
The
next highest bidder
sold for less than par and ac¬
was Fox, Reusch & Co., for l%s,
crued interest.
The sale of the
at a price of 100.428.
bonds will be subject to purchase
about 2.469%.
due Dec.
New
March 14.
III.
Town
Passed
elec
27.
Haven,
—
An
by the State School Fund
Ind.
Bond Offering—Clyde
Ordinance
bonds
an
Clinton, Ind.
to
election to be held
Bond
Raton, Fla.
III.
Bond Election—An issue of
FLORIDA
Boca
Voted—The
Bonds
The
Denom.
1967, and $6,000 in 1968..
56,000 21/2% school bonds.
1;
Manila, Iowa
—
in
and $11,000 in 1955 to 1958.
20,000 2V2%
garbage
disposal
bonds. Due $2,000 from Jan. 1,
1959 to 1968, incl.
38,000 2y2% paving bonds.
Due
on
Jan. 1; $4,000 in 1960 to
Jan.
III.
Contract
White-Phillips Co., of Davenport
has
contracted to purchase the
1948, $4,000 in 1949, $10,000 in
1950, $11,000 in 1952 and 1953,
on
David,
Sale
sewerage
Jan. 1; $9,000
&
lows:
Bonds Voted—The Secretary of
City the Board of Education reports
Clerk, that $260,000 water revenue that at a recent election the voters
bonds may be offered for sale in
ratified
the issuance of $89j000
May or June.
construction bonds.
St.
stated
now
the
Dated
National
is
Indep. Sch. Dist. (P. O.
Holstein), Iowa
is stated by Elmer O. Strand,
Statesboro, Ga.
Maturity—It
bonds.
bonds offered for sale
were
of
Dec.
election
Sale—The $330,000 water
sewer
Bank
was
on
$153,improvement
bonds
approved at the election held
school
issuance
Tracy, Calif.
Bond
Bonds Voted—An issue of
000
of
Sacramento), Calif.
Bonds
Rockford, III.
Bond Offering Contemplated—It
Georgia
M-S.
payable
County,
Grammar
were awarded to Weeden &
Co.,
qf San Francisco, as 21/4s, at a
price of 101.772, a basis of about
000 Feb.
awarded
Co.,
al Bank & Savings, of Riverside.
4
165, p. 585—were awarded to
Feb. 3—
on
101.443, tendered jointly by Weed& Co., and the Citizens Nation-
(P. O. Fresno), Calif.
Bond Sale—The $100,000 school
bonds
school
en
the
Westside Sch. Dist.
on
best
ca
Fresno County,
&
2.135%.
Due
Co., of New York City, for
at
about
1965,
principal
at the office of the
agent,
the
Guaranty
redemption
1,
Denom.
deemed
to Dec.
Bond
of Chicago,
price of 101.06, a basis
a
1947.
office of the paying agent, Bank of
America National Trust & Savings
Association, San Franciso, or at
the option of the respective hold¬
$60,000
585—were
p.
Nuveen
21/4S, at
of
coupons
subsequent to said
date
held
bonds.
County, Indio Sch. Dist.
Sale—The
165,
as
said redemption
interest
on or
redemption
that date.
all
be
to
future.
Jackson
be marketed shortly.
bonds offered for sale
hereby called must
be surrendered
Trust
the voters approved the
Riverside
John
ers
on
issuance of the $450,000 construc¬
thereon
date
County Clerk
tion bonds.
redemption date, at 103% of the
principal
amount
plus
interest
due
election
an
near
$547,000 city bonds will be sub¬
GEORGIA
(P. O. Riverside), Calif.
Said bonds will be redeemed
at
in the
18,
Tallahassee, for the
purchase of $68,000 coupon SBA
refunding,
Series
1947
coupon
(P. O. Salinas), Calif.
Bonds Voted—The
1962.
r
sealed bids until 3 p.m. on Feb.
at its office in
bonds.
states that at the election held
Jan.
Sinking
bonds due
for 2%%
voters
sold.
sinking fund
Bridge
Runner-up was Lawson,
Williams, with a bid of
by
tion, that the Board will receive
such bonds
&
of
Monterey County, Carmel Unified Catoosa County (P. O. Ringgold),
a total of $2,398,000 princi¬
pal amount of San Francisco-Oak¬
Toll
&
100.241
Fund,
Bay
to
National
J-D.
Due $1,000 Dec. 1,
1947, June and Dec. 1, 1948 oto
plant 1950; $1,000 June and $2,000 Dec.
issue
bonds
of the State Board of Administra¬
to
Levy
and excess moneys in the Reserve
land
awarded
America
able F-A.
Co., San Francisco, acting as fiscal
agent of the above Authority, is
Calling for payment on March 1,
minimum
Feb. 3
Savings Association, of
Francisco, as 2y2s, at a price
100.27, a basis of about 2.46%.
Dated Feb. 1, 1947. Due from Feb.
1, 1949 to 1960, incl. Interest pay¬
(P. O. San Francisco), Calif.
the
Bond Offering—It is stated
by
Ralph A. Potts, Executive Director
of
Bond Call—The American Trust
from
of
on
terest
Sale—An
sewage
—
San
'
«
728—were
p.
Bank
Trust
2.208%
California
165,
v.
the
Oroville,
price of
for
price
a
County, Dixieland Sch.
(P. O. Madera), Calif.
Sale—The $12,000 school
bonds offered for sale
the
was
Angeles, for 2y4s, at
of 101.106.
1967, $4,000 in 1968, and $2,000 in
1969, as 2V4S. Interest payable J-J.
highest bidder
was
the Security-First National
Bank,
2.143%, as follows; for $44,000
maturing Jan. 1, $3,000 in 1948 to
1959, $4,000 in 1960 and 1961, as
2s, and $31,000 maturing Jan. 1,
$4,000 in 1962 to 1966, $5,000 in
National
4
Interest payable
The next highest bidder
of Los
of
First
Feb.
on
Chicago,
and
the
Southern
County Bank of Anaheim, jointly,
as 2s, at a price of 100.726, a basis
Trust Co.,
The next
sale
of
recently,
the
to
for
165, p. 385—were awarded to
the Harris Trust & Savings
Bank,
CALIFORNIA
County, Oroville Sch. Dist.
(P. O. Oroville), Calif.
Bond Sale—The $75,000 school
for
offered
Farmington, III.
Pre-Election
$50,000
disposal
was purchased on Jan. 27,
1, 1951 to 1959; $2,000 June and
Negley, Jens &
Rowe,
of Dec. 1, 1960 to 1967; $2,000 June
National Bank, West Palm Beach, Peoria.
These bonds were sold and $3,000 Dec.
1, 1968 to 1973,
any time prior to May 1, 1947, at subject to an election to be held and
$3,000 June and Dec. 1, 1974
such price below par and accrued on April 15.
to 1977. Redeemable at the
option
interest
as
they may state as
of the Town, in whole or in
Fox Lake, Grant Community High
part,
proper.
in inverse numerical
order, on any
School District No. 124, III.
interest payment date after issu¬
Bond Election Planned
Hillsborough County, Plant City
An
issue
of
Spec. Road and Bridge Dist.
$75,000
construction ance, at face value, together with
the following premiums: 8% if re¬
bonds will be submitted to the
(P. O. Tampa), Fla.
Holders may tender said bonds at
the West Palm
Beach
Atlantic
—v.
Butte
offered
next
Dist.
bonds
bonds
The
Los
com¬
munity hospital bonds.
were
to
highest bidders were R. H. Moulton & Co., for $140,000
l3/4s, at a
price of par.
The
—
Dated Jan. 6, 1947.
1948
funding bonds of May 1, 1934, of
the par value of $500 each, are
called for payment on
May 1.
Clerk-Treasurer,
mission.
Enclose
a
Com¬
certified check
V. Moore, for 2% of bid.
will
re¬
ceived sealed bids until 2 p.m. on
Emporia, '
Bonds Voted—The issuance of
purchase of $120,authorizing the issuance of $55,000 000 not to exceed 3%% interest $125,000 airport improvement
bonds is reported to have been
water
works
system
revenue water revenue bonds. Dated Jan.
1
1947.
Denomination $1,000. In¬ approved by the voters recently.
bonds.
ordinance
was
passed
recently,
Feb. 17 for the
.
ft./»;#
'
■
'
'
THE COMMERCIAL & FINANCIAL CHRONICLE
856
-
V'1 f
Garden
City, Kan.
Bond Disposal Report—The
City
Clerk states that $160,000 lJ/4%—
1 %% water system improvement
bonds voted last November, will
be
by
local
banks.
1947. Due $16,000 in 1948 to 1957, incl.
Prin.
and int.
(M-S) payable at the
State Treasurer's office in Topeka.
purchased
Dated
March
1,
$21,000 in 1955 and 1956, $22,000
in 1957 and 1958, $23,000 in 1959
and 1960, $24,000 in 1961, $25,000
in 1962 and 1963, $26,000 in 1964
and 1965, and $27,000 in 1966 and
1967.
Split interest rate may be
bid. If split rates are bid the bid¬
bonds will
construction
$350,000
the voters at
be submitted to
scheduled for Feb.
election
an
Bond
Planned
Election
The
—
$40,025,
bonds totaling
will be submitted to the voters at
election to be held sometime in
an
February: $33,600 water works
improvement, and $6,425 airport
bonds.
Scott
City, Kan.
Bonds Purchased
The $25,000
—
Sale
Details—It
is
street improvement bonds
author¬
ized at the election held on Sept.
4, 1946, were purchased recently
by the Crummer Co., of Wichita,
at a price of 100.054.
KENTUCKY
1, 1951
The
offered
National
0.479%
—v.
165,
Scharff
sale
2V2 s, and $8,000
as
The next highest bidder
White, Hattier & Sanford.
2J/4s.
road and
Sold—It
Bonds
ton, at
notes
due
are
stated
Jessamine
County (P. O.
Nicholasville), Ky.
Bond
Sale —The
$60,000 2%
school building revenue bonds of¬
fered
sale
for
Feb.
on
4,
were
Sept.
Denomination $1,000. These bonds
are due Feb. 1, as follows: $5,000
in
1949
1955
to
to
and
1954,
$6,000
Interest
1959.
in
Bonds
Approved
$90,000
ably
7 p.m. on Feb.
11 for the purchase
$21,000 water
refunding
works
bonds,
3% interest.
revenue
exceeding
not
Dated March 1, 1947.
Denomination $1,000. These bonds
are
1948,
1958.
and
Rate
$2,000
of
in
interest
1949
to
multiples of V4
or 1%.
Principal
interest payable at the First
National Bank, Russell Springs.
receive
bonds
furnished
chaser.
A
the
successful
certfied check for
Bond
Call—It
is
stated
that
S.
Rippetal, City Clerk, is calling
for payment on March 1, at the
face
amount
plus
of the
face
214%
Bond
Election—An
a
premium
drainage
at
submitted
to
election
be held
to
the
White
of
Bond
amount, all of
at
a
Bonds
West Point, Ky.
Sold—An issue
water works
of
$22,-
revenue
re¬
funding bonds offered for
sale on
Dec. 3, 1946, was awarded to Stein
Bros. & Royce, of Louisville, at
price
a
of par.
Interest payable
M.S.
Sold—The
to
1977.
White
Aug. 1, 1946,
the
enue
terest payable A-O.
Concordia Parish Consolidated Sch.
Dist. No. 1
(P. O. Vidalia), La.
Bond Offering
Details—The
$425,000 school bonds, to bear not
exceeding 4% interest, being of¬
fered for sale
p.
585—will
as
on
Feb.
11
-v.
165,
follows:
000
in
1952,
mature
on
interest
accompany
the
bid.
the bonds mentioned
issue of Feb. 3—v. 165 p.
March
1,
$17,000 in 1949, $18,1950, $19,000 in 1951 and
$20,000 in 1953 and 1954,
anticipation
p.
on
of
0.616%
1947,
1947.
Dated
$328,585,000
Feb.
election
the
to
be
to
election held
City
Sale—The
fered for sale
on
p.
386—were
R.
4,
Clerk
on
at
Feb.
Jan. 28—v.
165
S. Dickson &
jointly
to
Co., of Chicago,
Pohl & Co., and Walter, Woody
& Heimerdinger, both of Cincin¬
nati, as 2V2S, at a price of 97.777,
Due
$500,000 on Nov. 6, arid
on
Nov. 13, 1947.
Runner-up in
the bidding was the First Boston
Corp., offering 0.669%, while the
third highest bid was an offer
of 0.709%, tendered
by the Mer¬
a
basis
of
about
Feb.
!
1947.
May
chants National Bank, Boston.
1,
1,
1948
1972,
Interest payable M-N.
have
to
the
the
issuance
of
Purchased—An
authorized at the election held
Dec.
$45,000
of
issue
street improvement bonds
$6,000
voters
purchased
local bank.
1946,
9,
cently by a
ora
re¬
was
Mankato, Minn.
Bond
Election
$200,000
—
airport
submitted
to
voters
election to be held
on
be
will
bonds
the
Fergus County Sch. Dist. No. 1 (P»;
O. Lewistown), Mont.
Maturity—T h e Superintendent
of
issue
An
the
at
Sunburg), Minn.
Sale—The
$30,000
and
on
of
the
Minneapolis,
road
First
the
23/£s, at
as
to
of
price
a
of 100.193—v. 165, p. 260—are due
March
from
$15,000
1967, giving
syndicate composed
National
Bank, of
a
that
states
now
$300,000 building bonds sold
Piper,
Jaffray & Hopwood,
bridge bonds offered for sale
Jan. 31—v. 165, p. 586—were
awarded to
Schools
of
Feb. 10.
Norway Lake Township (P. O.
Interest
1948
to
basis of about 2.35%
a
M-S.
payable
Minneapolis, First National Bank,
Paul, and the First Security
1,
NEBRASKA
of St.
National
1.70s, at
of
Willmar,
price of 100.208,
a
about
1947.
of
Bank,
Dated
1.675%.
a
Denomination $1,000.
bonds
through
bidder
Jan.
due
are
The
1961.
was
Election—It
is
re¬
now
that an election is sched¬
uled for March 4, to submit to a
ported
1,
These
in
1,
Bond
bisis
Jan.
Neb.
Beatrice,
as
the
vote
1950
$440,000 electric distri¬
purchase revenue
bution
highest
Piper, Jaffray & Hop-
system
.bonds
next
that
subject
wood, of Minneapolis, for 1.70s, at
a
price of 100.054.
sold
were
the
to
election—v.
recently,
of this
outcome
165,
730.
p.
Central City, Neb.
Tracy, Minn.
Bond Sale—The following bonds
totaling $140,000, offered for sale
on
Jan. 15—v. 165, p. 260—were
$25,000 airport bonds will be sub¬
awarded
tion to be held
chants
State
1.60s, at
of
the
to
a
about
Bank,
of
Tracy,
price of 100.942,
t
mitted
1.48%:
from
Due
of
elec¬
Dated
These bonds would
City, Neb.
$30,000 airport bonds will be sub¬
mitted
bonds.
the
at
Feb. 18.
on
David
1, 1949 to 1958, in¬
sewer
voters
issue
Election—The issuance of
Bond
clusive.
90,000
An
—
mature in 10 years.
$50,000 swimming pool bonds. Due
from Jan.
the
to
April 1, 1947.
as
basis
a
Election
Bond
Mer¬
&
Farmers
tion
the
to
at
voters
scheduled for
an
Feb.
elec¬
25.
Jan.
1, 1949 to 1962, inclu¬
sive; optional at par and ac¬
crued interest on Jan. 1, 1957.
Jan.
1,
Interest
1947.
Second best bid
Falls
pay¬
was
the
First
neapolis,
National
and
an
elec¬
April 11.
on
of the Board of Education will
000
$400,000 municipal hospital bonds
1
p.m.
re¬
on
15, for the purchase of $12,-
semi-annual, building coupon
interest.
These bonds
bonds, not exceeding 2%
will be submitted to the voters at
Denomination $500.
April 1.
on
bids until
sealed
Feb.
of
issue
An
the election to be held
be
Filley School District, Neb.
Offering — The Secretary
ceive
—
of
will
bonds
Bond
associates.
Election
issue
An
—
building
tion to be held
Worthington, Minn.
Bond
Election
submitted to the voters at
an
Min¬
of
Bank
City School District, Neb.
Bond
$321,000
offer of 100.26 for $50,000 as 1.40s,
and $90,000 as 1.70s, tendered by
due
are
years,
MISSISSIPPI
$500 annually
for 24
optional in 1951. These are
authorized at the elec¬
the bonds
County, Pascagoula Rural tion held on Oct. 17, 1946. Prin¬
cipal and interest payable at the
Separate Sch. Dist. (P. O.
County Treasurer's office, Beat¬
Pascagoula), Miss.
Jackson
Sale
Details—It
rice.
stated
is
by the Clerk of the Board of Su¬
pervisors, in connection with the
sale of
bonds
to White, Hattier & Sanford, of
New Orleans, at a net interest cost
of about 2.38%—V. 165, p. 260—
that
the
price of
bonds
100.085,
were
sold
divided
as
at
School District,
Madison
Election
Bond
the $125,000 school
—
An
Neb.
issue
of
$250,000 construction and site pur¬
chase bonds will submitted to the
voters at the election to be held on
25.
Feb.
a
Omaha
fol¬
from
inclusive.
Public
Power
O. Omaha),
lows:
Dated
ing $35,000 as 2V4s, due from Feb.
1, 1963 to 1967. Interest payable
$10,000
to
Parnell, Mo.
$90,000 as 2Vzs, due from
Feb. 1, 1948 to 1962, the remain¬
2.715%.
Due
election to be held on March
an
Bonds
election will be held
an
18,
on
Bond
first
$250,000
awarded
of
issue
Election—An
Bond
$125,000 municipal airport bonds
will be submitted to the voters
voters
held
Jan. 7.
on
Carthage, Mo.
7.
Dated
Sold—The
favorably voted at the
was
of
issue
An
improvement
000 water and sewer
called.
MINNESOTA
to
mortgage electric light and power
system revenue coupon bonds of¬
Feb. 4—v. 165
Bank, of Boston, at
discount.
payment.
Fairmont, Minn.
Bond Election—The City Clerk
19
reports
Bond
rev¬
729—were awarded to the Sec¬
ond National
—
submitted
the
De¬
lowered
Norway, Mich.
$1,000,000
notes
Harbor,
been
that $19,500 Special
Assessment Roll 101, paving bonds
offered for sale last Sept. 17, were
purchased by the First of Michi¬
gan Corp., of Detroit, at a price
of 100.025, a net interest cost of
about 2.095%, on the bonds di¬
vided as follows: $12,000 as 2y4s,
due on Aug. 1, in 1947 to 1949;
the remaining $7,500 as 2s, due
on Aug.
1, in 1950 and 1951. In¬
terest payable F-A.
are
offered for sale
has
cent—from
Bonds
Legality approved
Sale—The
Pearl
Since
debt
Lawrence, Mass.
Note
Detroit's
1941 to make this pos¬
since
now
MASSACHUSETTS
In¬
be
able J-J.
im¬
2y4s.
of
Ecorse, Mich.
729.)
Farmers State Bank & Trust
Most
center.
$266,686,000.
must
our
Association.
improvement during the
few years is to be accom¬
per
A certified check for not
less than
were awarded to
as
and
civic
sible.
by Chapman & Cutler, of Chicago.
in
$120,000
Co., of Church Point,
Principal
Castle.
Works
troit's
payable at the Bank of Commerce,
provement bonds offered for sale
on
Feb.
$49,000 street; $16,000 side¬
walk, and $15,000 drainage sys¬
tem bonds. Denominations
$1,000
and $500.
Due from Dec. 1, 1948
(These
Church Point, La.
r Bonds
on
play¬
stadiums, and $55 million for
debt
000:
3%
LOUISIANA
p.m.
and
plished on the "pay-as-you-go"
plan—without public borrowing.
The
city has been reducing its
20, | by L. A. Papet, Town Clerk,
for the purchase of the
following
coupon
bonds aggregating $80,-
7
Public
next
the
Castle, La.
until
network
a
capital
Offering—Sealed bids will
received
im¬
on
Planning Commission
has devised a public works im¬
provement schedule calling for
expenditure of $15 million a year
for
six
years
starting in
1947.
More
than $10 million will be
spent for new sewers this year.
By 1970, if present plans are car¬
ried out, Detroit will have spent
18.
be
for
date
on
Election
Bond
The Detroit
be
works
000 3%
an
$295 million for a new system of
streets and expressways, $90 mil¬
lion for recreation centers, parks,
the
city's outstanding 4% water
revenue bonds, dated
Sept.
1, 1938, interest to cease on date
called. Payable at the Louisville
Trust Co., Louisville, Ky.
at
emphasis
>
Belle, Mo.
Bonds Voted—An issue of $10,-
MONTANA
construction
municipal
on
the
with
traffic
can
of
will
Feb.
Bond
pass
grounds, according to the Ameri¬
and
voters
on
million
new
28, the
issue
MISSOURI
airport bonds.
provements during the next gen¬
Mayor will
bonds
J-D.
bonds
Detroit, Mich.
eration,
Memphis, as
2V4s, at par, as noted here—v. 165„
p. 586—are due on June 1, as fol¬
lows: $1,000 in 1948; $1,500 in 1949*
to 1952, and $2,000 in 1953 to 1961*
all
inclusive.
Interest
payable
County (P. O.
Manistique), Mich.
Approved—
$7,000
Jan. 20 to M. A.
on
Co., of
&
Saunders
Schoolcraft
held
Plans Half-Billion Public Works
Franklin), La.
$200,000
E.
that
Detroit,
ceases
$58,-
held
plant
Mary Parish Consolidated
Gravity Drain District (P. O.
$1,-
000, is required.
Co.,
Interest
favor¬
favorably voted
awarded
were
paymept date. Said bonds
states that
and
Independence Consoli¬
dated School District bonds which
should be delivered to the Detroit
Trust
basis of
payable
a
Interest
The above Clerk also states that
Due Sept. 1,
1967, subject to redemption on any
interest
giving
J-D.
the $25,000
645.
of
sealed bids until Feb. 26,
pur¬
was
recently. The State
Municipal
Finance
Commission
has approved the issue.
St.
Skaggs,
Hays & Fahey, of Louisville, will
and
1971,
2.10%.
to
about
11.
Township Sch. Dist.
(P. O. Casnovia),
Michigan
of
was
election
for the purchase of $25,000 Sewer
District No. 1 bonds.
The approving opinion of
issue
An
ap¬
Olla, La.
Bond Offering—The
in
and
Jan.
on
1947
1.
called.
Dated Sept. 1, 1937.
at
election
the
Voted
Bonds
following bonds aggregating $2,158,000, were approved by heavy
majorities: $1,408,000 storm drain¬
age
extension construction, and
$750,000 sanitary sewer bonds.
to
be
held
March
on
date
on
as
as
$150,000 memorial hospital bonds
30.
No. 3
$500
Secretary-Treasurer
election
2V4s, at a price of
noted here—v. 165, p,
586—are due $2,000 from Dec. 1„
Twp. Sch. Dist. No. 7
(P. O. Berkley), Mich.
Bond Call—It is stated by Ed¬
ward Parkin, District Secretary,
that he is calling for payment at
par on March 1, the following out¬
standing refunding bonds, Series
A, Nos. 4, 18, 44, 98, 135, 162, 214,
237, 274, 296, 324, 335, 346, 350,
370, 375, 385, 419, 457, 486, 535,
Bank,
Program—The city plans to spend
due March 1, as follows: $1,000
in
City
payment
ceases
First
101.41,
Royal Oak
on
Bonds Voted—It is stated by the
the
at
Casnovia
Monroe, La.
Springs, Ky.
Bond Offering—S. E. Rippetoe,
City Clerk, will receive bids until
Jan.
on
Jan. 7.
on
payable
voted
1,
issue
disposal
sewerage
for
the Mid¬
Bonds Voted—An issue of
000 construction bonds
bonds carried at the election held
Russell
be
An
troit,
Interest
states
bonds sold
National Bank of
$50,000 road
Memphis,
be deliv¬
Bonds should
the
the
to
ered to the National Bank of De¬
April
pay¬
Legality
are
Baroda Sch. Dist., Mich.
1966.
Sept.
(M-S)
—
6,
was
that
Lecompte, La.
F-A.
of
to
1941.
will
proved by Chapman & Cutler, of
Chicago.
Co.,
1, 1947.
Dated Feb.
1953
Dated
New Orleans.
merce,
Nov.
highest bidder
County
National
Cambridge, at 0.59%.
able at the National Bank of Com¬
awarded to the Bankers Bond
of Louisville.
1,
int.
and
to 540,
being called
for payment on March 1, at par
and accrued interest. Dated July
These
1947. The
MICHIGAN
is
that
481
$10,000.
dlesex
was
Denom.
$1,000.
and
Clerk
Details —The
of the Board of Supervisors
601
tem¬
$500,000
1947.
$25,000
next
as
payable M-S.
Prin.
of¬
an
discount of 0.58%. Dated
Denominations $50,-
a
Feb. 6,
000,
Arnold, of New Orleans,
divided as follows: $16,000 as 3V4s,
due from Sept. 1, 1949 to 1952;
the
remaining $100,000 as 3V2S,
from
was
loan notes offered for sale
on
Feb. 6, were awarded to the
Merchants National Bank, of Bos¬
&
1946.
April 9,
porary
4
bridge bonds offered for
sale last Nov. 15, were purchased
by the W. C. Thornburgh Co.,
Charles A. Hinsch & Co., both of
Cincinnati, and associates, interest
due
on
Somerville, Mass.
$116,000 gas utility revenue bonds
were purchased
recently at par by
Weil
at
Boston,
Due
Sale—The
Note
Jena, La.
Carter County (P. O. Grayson), Ky.
Bonds Sold—The County Court
Clerk states that the $40,000 2 Vz %
of
First
the
to
by the United States
Co., Boston.
Trust
Jones, of New Orleans,
—
for $12,000
Bank
165, p
fer of 0.49%,
260—were awarded to
p.
awarded
discount.
re¬
Feb.
on
time—V.
Second best bid
1947.
as
for
notes offered for
same
729—were
Gueydan, La.
Bond Sale—The $20,000 water
works and electric plant revenue
bonds
$25,000 tuberculosis hospi¬
sale at the
2s, due on Jan.
Interest payable J-J.
1, 1957.
Boston.
of
Mississippi
Sale
Bond
Eckman, Director of Finance, that
1941 refunding bonds, Series A-5,
15,
offer of
National
First
tal maintenance
price
$56,1948
from
to 1956, and the
County
an
was
the
by
now
here, were sold at a
of 100.006, divided as follows:
000 as Vfes, due from, Jan. 1,
to 1950; $122,000 as l3/4s, due
maining $22,000
bid
best
Bank
noted
Jan.
Norfolk
0.566%,
(P. O. Lake
reported by the Secretary of the
Police Jury that the $200,000 pub¬
lic
improvement bonds sold to
as
the
to
729—were
p.
Co., of Dedham, at 0.549%
discount.
Due on Nov. 7,
1947.
Weil & Co., of New Orleans, at a
net interest cost of about 1.77%,
18.
Lyons, Kansas
following
awarded
165
Trust
Providence), La.
Bond
of
4—v.
Second
East Carroll Parish
Kansas
Electon—The issuance
Bond
Feb.
on
Oscar
Nos.
$400,000
tax
anticipation notes offered for sale
interest rate.
age
Bond Call—It is stated by
Sale—The
Note
County (P. O. Senatobia),
Tate
Pontiac, Mich.
County (P. O. Dedham),
Mass.
der will be required to show aver¬
Jetmore),
Jetmore Sch. Dist. (P. O.
Norfolk
Monday, February 10, 1947|
Contract
Signed
Districts—The
has
trict
with
F-A.
the
Hydro
above named
signed
three
a
(P»
District
Neb.
With
new
Hydro
dis¬
contract
Electric
'
.
»
to r:
'.i "M $>i-1
I
\tj ?>
j
•>;!:
(i{
imi
mi,
•
v:v
■
.
V
■.
V
.
:'r-r
-<-1
J:.C
-
1
*.,
-
f«
•
'■*;V
A-y-
O
I
J Y/
i
f-
Volume 165
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4567
857
j
Districts.
Power
This
con¬
new
tract cancels completely the con¬
tract
Dec.
26, 1944, between
Nebraska Power Company and the
Omaha Electric
Committee and
the
of
River
Loup
District.
It
also
Company
Power
cancels
old
an
Nebraska Pow¬
between
contract
er
Public
River,
the
Loup
and
which had been suspended by
1944 contract.
The
The
new
Loup
Nebraska,
River, and Platte Valley Districts.
It provides for maximum use by
the
District of the hydro
Omaha
electric power so
essential to the
development and existence of ir¬
rigation in the State.
The
sible
new
contract makes it pos¬
the
for
Districts to
Hydro
start immediate construction
of
a
60,000 kw. steam plant at
Bellevue,
which they anticpate
will be ready in early 1949. The
new
generated there will be
tused by Consumers, the REA Dis¬
tricts, and the Omaha District.
power
3V2%
refunding bonds, Nos.
197 to 334, to the amount of $138,000, being all of the outstanding
bonds maturing in 1956 to 1963,
of an original issue of $334,000,
called for payment on March
are
1,
at the price of
accrued
in
1963.
bonds
These
Jan.
due
are
1, 1950.
Saunders County
(P. O.
Wahoo), Neb.
Public Bond
No
templated—It is
Offering
Holders
terest
ceases
New
until
11
a.m.
vided
Feb.
on
for
25
the
follows: '
as
gle
Caldwell Sch.
Dist.
(P.
to
be
of
Vs
be
of
of
The bonds will
Jan.
Jan.
1,
1,
1947
and
follows:
$500,000 from 1949 to 1956, in¬
clusive,
and
$600,000 from
1957 to 1962, inclusive.
7,400,000 highway improvement
bonds, series E, to be dated
Jan. 1, 1947 and mature an¬
nually on Jan. 1 from 1949 to
as
inclusive.
1982,
name
of the
one
terest
rates
Bidder
to
following in¬
for
the
1V8%,
iy4%,
1%%,
iy2%, i%%, i%%, iy8% or
2%.
semi-annual
in¬
First-Mechanics
the
$40,000 construction bonds will be
submitted to
held
a
vote at
Feb.
on
election
an
it
11,
is
re¬
ported.
Camden County (P. O. Camden),
New Jersey
Bond
Sale—The
funding of 1946
sale
fered for
Bank, of Trenton. Cou¬
bonds in $1,000 denominations,
exchangeable for fully registered
All
bonds.
faith
full
$425,000
the
of
and
re¬
will
bonds
credit
be
obligations
Feb.
will be
thereof.
trict
other taxing dis¬
or
certified
A
check
Dated Nov. 1, 1946.
$1,000. These bonds
1, in 1950 to 1962.
East
are
due Nov.
Rutherford, N. J.
Election
Bond
Denom.
Urged—The
Board of Education is said to have
been asked to place on the ballot
at the school election
on
Feb.
11,
issue of $35,000 athletic field
improvement bonds.
an
Fort
Lee, N. J.
Warrant Tenders Invited—It is
stated by Josiah M. Hewitt, Treas¬
urer of the Board of Liquidation
the
for
Stone
J.
Bond
Taxpayers
Protest
Issu¬
with
connection
ance—In
p.m.
will
be
opened
at
2
Feb. 19.
on
Highlands, N. J.
Bonds
Authorized
—
The
Bor¬
ough Council is said to have passed
on final reading an ordinance call¬
ing for the issuance of $114,000
water system construction bonds.
Neptune City, N. J.
Bond Call—It is stated by Ed¬
ward McClelland, Borough Clerk,
Series
Fifteenth Series
Sixteenth Series
500,000
Seventeenth Series
500,000
Eighteenth Series
500,000
Sold —The
$16,137,000
(Issue XXI), dated Feb. 27,
due Aug. 27, 1947 of¬
1947
and
fered Feb. 3—v. 165, p. 731—were
awarded as follows:
To Chemical Bank & Trust Co.,
of New
York, $11,290,000 at 0.82%
interest—
First
Second
$1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
500,000
790,000
1,000,000
1,000,000
Series
Series
Series
Sixth Series
Thirteenth
Series
Fourteenth Series
Fifteenth Series
Sixteenth Series
Seventeenth
Series
1,000,000
Eighteenth Series
1,000,000
500,000
500,000
Nineteenth Series
Series
To Bessemer Trust Co., Jersey
City, $2,000,000 at 0.80% interest,
plus a premium of $3 on each se¬
it
is
that plans to issue
reported
the bonds have been
delayed tem¬
porarily as a committee appointed
at a recent meeting of the Cham¬
ber
of
Commerce
Borough Clerk
filed
with
Hanover
Co., New
Bank
mium.
Hempstead,
Park
Garden
City
Water Dist. (P. O. Garden
City Park), N. Y.
Bond Sale—The $12,500 coupon
registered fire apparatus bonds
or
offered
for
sale
Feb.
on
able F-A.
the
1951, and
which
it
was
bond
issue
with
intended to finance
NEW
$2,500
payable
was
part of the costs.
an
on
on
Aug.
1, in 1948 to
Feb. 1, 1952.
F-A.
offer of
Second
Interest
best
100.204 for
bid
1.20s,
tendered by the Marine Trust Co.,
Buffalo.
MEXICO
Bonds Voted—An issue of $85,memorial hospital bonds was
000
Cost
ratified
Jan.
at
the
election
on
13.
New Mexico
Debentures
$1,000,000
tures
held
rate
Sold—An
state
offered
issue
highway
for
sale
on
of
Put
Now
At
Brooklyn-Bat¬
it has been
has also agreed to an extension of
the maturity date to 1995.
Jr.,
ceive
sealed
(EST)
bids
until
3
p.m.
14, for the
Feb.
on
1948
M-S.
$37,000
park
not
ties),
for the
name
balance, but
than
more
each
bidder
no
four
must
bid
may
and
in his
rates,
specify
bid the amount of bonds of each
Each rate must be
rate.
bonds
consecutive
of
bid for
maturities.
The bonds will be awarded to the
bidder
purchase
the
at the lowest interest
cost
offering
bonds
the
to
to
such
Town,
cost
be
to
determined by deducting the total
amount of the premium bid from
the aggregate amount of interest
all of the bonds until their
respective maturities.
No bid of
less than par and accrued inter¬
upon
entertained.
est will be
Bids
a
must
be
check
certified
accompanied by
upon an incor¬
porated bank or trust company,
payable unconditionally to the
of
the
State
of
Treasurer
North Carolina for $1,300.
The ap¬
proving opinion of Masslich and
Mitchell, New York City, will be
furnished the purchaser.
bonds
to
1959,
and
$1,000
in
Sealed
10:30
to
coupon or
bonds.
exceed
regis¬
Interest
5%,
awarded to
syndicate composed
Co., the Vance
Corp., and R. S. Hays
a
of J. Lee Peeler &
250,000
electric
light
system
bonds.
Due Aug. 15, as fol¬
lows: $13,000 in 1958 to 1959;
$14,000 in 1960; $15,000 in
1961 to 1964, and $10,000 in
Securities
&
Co., all of Durham, at a price
100.188, a net interest cost of
1.93%, as follows:
for
$45,000
maturing Feb. 1, $5,000 in 195$,
1965 and 1966.
$10,000 in 1954 to 1957, as 2%s,
Dated Feb. 15,
1947. Denom. $40,000 maturing $10,000 Feb. 1,
$1,000. Rate of interest to be in 1958 to 1961, as iy4s, and $60,000
multiples of y4 or l/10th of 1%. maturing $10,000 Feb. 1, 1962 to
as
2s.
Interest
payable
Principal and interest payable at 1967,
the
First
Trust
Co., Wellsville. F-A. Dated Feb. 1, 1947. Legal¬
The bonds will be delivered at ity approved by Masslich & Mit¬
Wellsville, or at such other place chell, of New York.
as may be
agreed with the pur¬
Reidsville, N. C.
chaser, about Feb. 28, 1947. The
Bonds Voted—An issue of $200,approving opinion of Vandewater,
000 water, street and sewer system
Sykes & Heckler, of New York
bonds was approved at the elec¬
City, will be submitted to the suc¬
for
A
certified
check
of
tion held
on
i
Jan. 7.
$5,500, payable to the village,
NORTH DAKOTA
is required.
Westchester Cross
way
County Park¬
Authority, N. Y.
Continuance Sought—A bill has
rate
payable
Denom. $1,000. Dated March
Grand Forks Indep. Sch. Dist.
No. 1
(P. O. Grand Forks), N. Dak.
Bonds Voted—It is stated by
the
been introduced in the State leg¬
islature providing for continuance
Secretary of the Board of Educa¬
tion that at an election held on
the authority until its bond
principal and interest liabilities
Jan.
have been met
bonds by a
or assumed by the
county, and eliminating the tenyear time limit for redemption of
outstanding bonded debt.
28, the voters approved the
of $650,000 construction
issuance
Bonds Sold—The First National
have
Glen
revenue
E.
Easter-
ling, Secretary of Local Govern¬
ment
Commission, will receive
sealed bids in his office at
Raleigh
until
for
a.m.
Feb.
Feb.
1950
on
Feb.
11
the
1, 1947. Denom. $500.
as
follows: $1,000
1,
1961 incl.; $1,500,
incl.; $2,000, 1971 to
and $2,500 from 1977
to
1970
incl.,
1987 incl. Bonds are subject
redemption at the option of the
Town, in whole or in part, at
par and accrued interest, on any
interest payment date prior to
maturity, upon 30 days' notice
published once in a newspaper
published in Morganton, North
Carolina, and filed at the place at
which the principal of and inter¬
to
to
est on the bonds are payable. A
redemption of any part of the out¬
standing bonds, less than the
whole thereof, will be a redemp¬
tion of bonds in the inverse order
their
identifying
numbers.
Coupon bonds registerable as to
of
principal
said
to
garbage
2y>s.
as
Williston, N. Dak.
Bond
alone;
principal
and
Election
—
An
of
issue
$50,000 storm sewer bonds will be
submitted
to
the
election to be held
purchase of $65,000 not to exceed
5% interest coupon water bonds.
Due
is
$10,000
bonds
Alpine, N. C.
Offering—W.
11
Jamestown
of
purchased
control
Bond
wide margin.
Jamestown, N. Dak.
Bank
NORTH CAROLINA
1976
—
Feb. 14, by Hartford N. Gunn,
Town
Supervisor, for the pur¬
is
Each bid may
for
pur¬
1960.
a.m.
Offering
received until
on
Feb.
no
following coupon or Iredell County (P. O. Statesville),
North Carolina
amounting
to
Bond Sale—The $154,000 road
$275,000, not exceeding 5% int.:
$25,000 water works bonds. Due and bridge refunding bonds of¬
Aug. 15, as follows: $2,000 in fered
for
sale
recently,
were
registered
1962 to
tered
pur¬
part of the
(having the earliest maturi¬
and another rate or rates
order
Wellsville, N. Y.
Offering—George B. Booth,
Village Treasurer, will re¬
Bond
from
be
165, p. 586—was awarded to a 1, 1947. Due on March 1: $7,000
syndicate composed
of
Halsey, in 1948 to 1950, and $8,000 in
Stuart & Co.; Salomon Bros. & 1951 and 1952. Rate of interest
Hutzler; G. H. Walker & Co., both to be in multiples of *4 or l/10th
of New York, and Bosworth, Sul¬ of 1%, and must be the same for
livan & Co., of Denver, as l3/2s, all of the bonds. Prin. and int.
at a price of 100.155, a net interest payable at the Port
Washington
cost of 1.4855%. Interest payable National Bank & Trust
Co., Man¬
F-A. Dated Feb. 1, 1947. Denom. hasset Branch, Manhasset.
The
$1,000. These debentures are due approving opinion of Vandewater,
$250,000 on Feb. and Aug. 1, 1957 Sykes & Heckler, of New York
and 1958. The next highest bidder City, will be furnished to the
—v.
The
tunnel bonds
on
bids
deben¬
5
Tunnel
—
rate
one
bonds
acquiring from 3y2% to 2% dur¬
ing the construction period and
Bond
chase of
(State of)
of
Hempstead, Great Neck Park
Dist. (P. O. Manhasset), N. Y.
will
of
There will be
auction.
name
Dated
North
Clovis, N. Mex.
at place
ples of y4 of 1%.
Triborough Bridge and Tunnel
Authority, N. Y.
& Co., of New York, as 1.10s,
at a price of 100.042, a basis of
about 1.085%. Dated Feb. 1, 1947.
proposed
1, 1947,
chaser's choice.
at
ney
Due
March
as
sold
731—were awarded to Til-
p.
¬
Morganton,
general obligations; un¬
limited tax; delivery on or about
C.;
Bidders are requested to name
1.40s—v. 165, p. 387—
a
price of 100.15, a the interest rate or rates, not ex¬
basis of about 1.38%. Interest pay¬ ceeding 5% per annum, in multi¬
Co., Inc.,
were
3—v.
protesting against incurring
such indebtedness, signed by more
than
100 property owners with
combined
assessed
holdings
of
more
than $300,000.
This action automatically blocks
165,
on
li
able in legal tender in
N.
of
North
semi-annual interest (F and A
&
York
City, pur¬
chased the balance of $1,000,000,
representing the fifth series, at
0.82% interest, plus a $12 pre¬
the
taxpayers' peti¬
a
tion
847,000
Central
Trust
bid.
Bridge, N. Y.
cessful bidder.
$1,000,000
Eighth Series
The
the
chase of the
Series
Third
the
Borough, that the Board
Tenders
Eigth Series
Seventh Series
Harbor, N.
the
J.
Seventh Series
notes
accompany
$750
to
$1,026,000
tery Tunnel, now under construc¬
1,000,000 tion
and being financed by the
1,000,000
Reconstruction
Finance
Corp.,
1,000,000 will
require an expenditure of
1,000,000
$70,000,000 provided there is no
1,000,000 further
increase in wage rates and
1,000,000
materials. The facility is expected
1,000,000
to be completed sometime in 1949
1,000,000 and it
is expected that the RFC
689,000
will provide the additional funds
750,000
above its original commitment of
750,000
$57,000,000. The agency, accord¬
750,000
ing to George E. Spargo, General
750,000
Manager of the above-mentioned
500,000
Authority, has cut the interest
Series
Notes
A
10, and awarded to Blair &
$70,000,000
_I
0.82%—
the successful bidder.
has currently available $25,000 for
purchase at the lowest price
offered of the borough's interest
funding warrants. Holders desir¬
ing to offer warrants should en¬
close such tenders in plain sealed
envelopes marked "Tenders of In¬
terest
Funding
Warrants,"
ad¬
dressed to the Board of Liquida¬
tion for the Borough of Fort Lee,
1650 Lemoine Ave., Fort Lee, N.
offering consists of:
$300,000, payable to order of
Ninth Series
$500,000
Robert
C.
Hendrickson,
State
Tenth Series
500,000
Treasurer, will be furnished the
Eleventh Series
500,000
successful bidder.
Legal opinion
Twelfth Series
500,000
of the State Attorney General and
To
Manufacturers
Trust
of Hawkins, Delafield & Wood, of
Co.,
York
New York City will be furnished New
City,
$1,847,000
at
Co.; Coffin & Burr, both of New $170,000 jetty construction bonds
York, and Hallowell, Sulzberger that were approved by the Local
& Co., of Philadelphia, as 1.70s, Government Commission last No¬
at a price of 100.2188, a basis of vember, to be issued in connection
about
1.677%.
Interest payable with a program to cost $400,000,
M-N.
The
Series
ries—
for
5—v,
165,
p. 586—were awarded to a syndi¬
cate composed of White, Weld &
1947.
principal and in¬ Twentieth
exempt from taxa¬
coupon bonds of¬
on
27,
of the State and
municipality
Caldwell), N. J.
Feb.
First
cost.
payable
building bonds offered for sale
notes
Fourth
at
pur¬
$14,715,000 temporary
(Issue XXII), dated
1947, and due Aug. 27,
loan
entire
issue:
and
H.
noon
the
to
1%.
dated
mature
terest
Bond Election—The issuance of
until
for
13
interest
lVg%
tion by the State or by any county,
O.
Maxwell
Director, will
ranging Twelfth Series
2%, said rate Thirteenth Series
expressed in multiples Fourteenth Series
date
National
June,
—
bids
Feb.
on
Ninth
pon
posed from May, 1945,! to
1946, is unconstitutional.
sealed
of
Town, must
Jan.
emergency
from
Sales Tax Ruled Void—
Jersey Court of Errors
Appeals ruled recently that
City's 3% sales tax im¬
Offering
Executive
receive
(EST)
without
check,
Palatine
York
Tretter,
chase
certified
Bond Sale Details—The $19,000
New
Note
purchaser
YORK
City Housing Authority,
housing Tenth Series
bonds, Series A, to bear a sin¬ Eleventh Series
$7,600,000
payable
Atlantic
NEW
New York
Third Series
terest (J-J) on both issues will be
New
be
called.
purchase of $15,000,000 bonds, di¬
Atlantic City, N. J.
to
bonds
Jersey (State of)
Principal
City
syndicate headed by Otis &
a price of 100.135, a net in¬
cost of 1.4874%, as iy2s.
Bond
Offering—Christopher H. Fourth Series
Ellin, Secretary of the Issuing Of¬ Fifth Series
ficials, will receive sealed bids Sixth Series
toy the voters last November, will
toe taken up by county banks.
and
date
on
Co., at
Second
County Clerk that the $150,000
county hospital bonds approved
The
said
1,
1947,
and
subsequent
thereto, for payment, at the of¬
fice of the Borough Treasurer. In¬
Con¬
NEW JERSEY
of
$12,000
Sept.
by the
reported
as
1962, and
tached interest coupons maturing
Pawnee
1947.
Sept. 1,
follows: $18,-
shall present their bonds with at¬
Pawnee
County (P. O.
City), Neb.
Bond Sale—The $15,000 county
hospital bonds authorized at the
general election on November 6,
1946, were awarded recently to
the County, as 2s. Dated July 1,
to
a
terest
Dated
Sept 1,
1956
was
value and
par
interest.
1941. Due
000
in
contract is made with
Central
that
voters
on
at
the
Feb. 17.
OHIO
Clay-Genoa Local School District
(P. O. Genoa), Ohio
Bond
Offering—Ralph Camper,
Clerk of the Board of Education,
will receive sealed bids until noon
Feb. 17, for the purchase of
$102,000 building bonds, not ex¬
ceeding 2^2% interest. Dated Jan.
1, 1947. Denoms. $1,000 and $500.
These bonds are due $2,500 April
on
and Oct.
1, 1948 to 1963, and $2,April and $3,000 Oct. 1, 1964
to 1967. Rite of interest to be in
500
multiples of y4 of 1%. These are
the bonds authorized at the gen¬
eral election held on Nov. 5,1946.
The
approving opinion of Brecker,
Marburger, Evatt & Barton, of
Columbus, will be furnished the
successful
bidder.
A
certified
check for $1,100, payable to the
Board of Education, is required.
.
Garden City,
$21,000 in 1955 and 1956, $22,000
Kan.
/Bond Disposal Report—The City
in 1957 and
water system improvement
bonds voted last November, will
1958, $23,000 in 1959
and 1960, $24,000 in 1961, $25,000
in 1962 and 1963, $26,000'in 1964
and 1965, and $27,000 in 1966 and
be
1967.
Cieflrstates that
$160,000 iy4%—
13A%
purchased
March
Dated
in
000
1,
to
1948
banks.
Due $16,-
local
by
1947.
1957, incl.
payable
Prin.
at the
State Treasurer's office in
Topeka.
int.
and
(M-S)
Jetmorc Sch. Dist. (P.
O. Jetmore),
Split interest rate may be
bid. If split rates are bid the bid¬
der will be required to show aver¬
age interest rate.
Cast Carrcdl Parish (P. O. Lake
Providence), La.
Bond
Kansas
issuance of
Electon—The
Bond
construction bonds will
$350,000
be submitted
election
the voters at an
to
scheduled for
Feb.
18.
Lyons, Kansas
Election Planned—The
Bond
Details—It
is
reported by the Secretary of the
Jury that the $200,000 pub¬
lic
improvement bonds sold to
Police
Weil &
Co., of New Orleans, at
a
net interest cost of about 1.77%,
as noted here, were sold at a
price
of 100.006, divided as follows: $56,-
totaling
bonds
$40,025,
will be submitted to the voters at
,c
v
■
t
Carter County (P. O. Grayson), Ky.
Bonds Sold—The County Court
165
4—v.
awarded
729—were
p.
County
Norfolk
the
to
The $25,000 tuberculosis hospi¬
tal maintenance notes offered for
time—V. 165, p.
sale at the
same
729—were
awarded
National
of
Bank
First
the
to
at
Boston,
0.479% discount. Due on April 9,
1947.
Second best bid was an of¬
Clerk states that; the
$40,000 2Vz%
jroad and bridge bonds offered for
sale last Nov. 15, were purchased
the
by
W.
Thornburgh
C.
Co.,
Charles A. Hinsch & Co., both of
Cincinnati, and associates, interest
payable M-S.
Sale—The
2%
$60,000
school building revenue bonds of¬
fered for sale' on Feb/', 4, were
awarded to the Bankers Bond
of Louisville,
to
1949
1955
to
f-a.
\
were
Weil
These bonds
1, as follows: $5,000
and $6,000 in
Interest
&
Arnold, of New Orleans,
follows: $16,000 as 3y4s,
due from Sept. 1, 1949 to 1952;
the remaining $100,000 as 3y2s,
due from Sept. 1, 1953 to 1966.
Denom.
$1,000.
Dated Sept.
1,
divided
as
Prin.
payable
Legality
ap¬
Approved
—
issue
,
multiples of y4 or 1%. Principal
and interest payable at the First
Russell
Springs.
The approving opinion of Skaggs,
St.
Hays & Fahey, of Louisville, will
by the
Bond
/
Bond
E.
Rippetal, City Clerk, is calling
payment on March 1, at the
face amount plus a premium of
2%%
Election—An
drainage
issue
bonds
submitted
to
election to
be held
the
voters
on
of
will
at
Feb.
be
the
18.
White Castle, La.
Bond
of the face amount, all of
city's
Offering—Sealed bids will
be received
until
7
outstanding 4% water
works revenue bonds, dated Sept.
1, 1938, interest to cease on date
for the purchase of the
called.
coupon
Trust
Payable at the Louisville
Co., Louisville, Ky.
Bonds
000 3%
West Point, Ky.
Sold—An issue of
water works
$22,-
revenue
re¬
funding bonds offered for sale on
Dec. 3, 1946, was awarded to Stein
Bros.
a
&
Royce,: of Louisville, at
price of
par.
Interest payable
/ M.S.
'
must
interest
our
are
the
bid.
the bonds mentioned
accompany
issue of Feb.
3—v.
165
p.
729.)
MASSACHUSETTS
were awarded to
as
and
A certified check for not less than
in
the Farmers State Bank &
Trust
Co., of Church Point,
Principal
2y4s. In¬
terest payable A-O.
enue
anticipation
offered for sale
on
of
Trust
Interest
ceases
(P. O.
Voted
Bonds
An
issue
of
and
Election
Bond
Approved—
recently. The State
Finance
will
Commission
election
the
to
voters
the
to
submitted
be
held
be
on
Feb.
an
election will be held
t 11 i
top i'.yi
will
be
and
play¬
grounds, according to the Ameri¬
Public
can
Works
Association.
The Detroit
Planning Commission
has devised a public works im¬
provement schedule calling for
expenditure of $15 million a year
for
six
More
*
starting in 1947.
$10 million will be
years
than
spent for
new
sewers<
this
By 1970, if present plans
yean
a
civic
center.
next
Most
improvement
few
of
Detroit's
during the
is to be
years
1941
sible;
Since
troit's
debt
to make this pos¬
Pearl
has
Harbor,
been
per
cent—from
lowered
now
$328,585,000
to
Sold—The
Assessment Roll 101, paving bonds
offered for sale last Sept. 17, were
purchased, by the First of /Michi¬
gan Corp., of Detroit, at a price
of 100.025, a net interest cost of
vided
2.095%, oh the bonds
as
di¬
follows:
$12,000 as 2y4s,
due on Aug. 1, in 1947 to
1949;
the remaining $7,500 as
2s, due
on Aug.
1, in 1950 and 1951. In¬
terest
March
payable F-A.
-
$6,000 street improvement bonds
authorized at the election held
ceintly by
Election
—
An
9,
1946,
a
/|
on
issue
was
purchased
on
re«
local bank.
MONTANA p
of
of
Feb. 10.
Sale—The
$30,000
road
and bridge bonds offered for sale
Jan. 31-/V.165, p.
586—were
awarded to a syndicate composed
of the First National Bank, of
on
Minneapolis, First Natiqnal Bank,
of St. Paul, and the First Security
National Bank, of Willmar, as
1.70s, at a. price of: 100.208, a bisis
of about
1.675%.
Dated Jan. 1,
Denomination $1,000. These
1947.
bonds
due Jam 1; in 1950
1961,/The next highest
are
through
bidder
Piper, Jaffray & Hopwood, of Minneapolis, for 1.70s, at
a price of 100.054.
/. /
was
Schools
Jan.
on
15—v.
165,
p.
260—were
1.60s, at
of
a
about
price of 100.942,
a
basis
due
$15,000 fromf March 1/ i:1948 to
1967, giving a; basis of about 2.35%
Interest,, payable i
:5.
.
/;///
from Jan.
Bond
Election—It. is now
1, 1949 to 1958, in¬
90,000
sewer
Jan.
1,
bonds.
1949
to
Due
from
inclu¬
sive; optional at par and accrued interest on Jan. 1, 1957.
1962,
offer of 100.26 for $50,000 as
1.40s,
and $90,000 as 1,70s, tendered by
the First National Bank of Min¬
neapolis, and associates.
bution
system
.
Election
purchase
—
An
issue
of
$400,000 municipal hospital bonds
will be submitted to the voters at
the election to be held on April 1.
MISSISSIPPI
revenue
.bond^/thql/were sold/recently,
subject
Bond
this
of
to the outcome
election—v. 165, p. 730.
City, Neh/Slff
of
Ariv.issue
Election
$25,000 airport bonds will be sub¬
mitted to the voters at the elec¬
tion to be held on Feb. 18.
Dated
April 1, 1947.
These bonds would
mature in 10 years.
.
Neb.
Bond Election-/The issuance
of
$30,000 airport bonds will be sub¬
mitted to the voters at an elec¬
tion scheduled for Feb. 25.
Falls
City School District, Neb.
Bond
Election
of
issue
An
—
$321,000
building bonds will be
submitted to ..theVvoters at an elec¬
tion to be held
April 11.
on
Filley School, District, Neb.
Bond Offering —The; Secretary
of the Board of Education will re~
ceive
Worthington, Minn.
Bond
re¬
ported/that att election is sched-*
uled for March 4, to submit to a
vote the $440,000 electric distri¬
David City,
clusive.
v
NEBRASKA/
Beatrice,. Neb.
.
1.48%:
$50,000 swimming pool bonds. Due
;that the
of 100.193—v. 165, p. 260—are
Central
awarded to the Farmers & Mer¬
chants State Bank, of Tracy, as
states
now
$300,000 building bonds sold to
Piper, Jaffray & Hopwood, of
Minneapolis, as 2%s, at a price
Tracy, Minn.
Bond Sale—The following bonds
totaling $140,000, offered for sale
Dated Jan. 1, 1947. Interest pay¬
able J-J. Second best bid was an
City Clerk
reports that $19,500 Special
about
voters
on
Purchased—An issue of
Dec.
election to be held
19
Ecorse, Mich.
...
of
Fergus County Sch. Dist. No. 1 (P.\
O. Lewistown), Mont.
$200,000 airport bonds will be
Maturity-/T h e Superintendent
submitted to the voters at the
De¬
$266,686,000.
Bonds
ssue
the
to
Parnell, Mo.
Bonds
Mankato, Minn.
Bond
accom¬
plished on the "pay-as-you-go"
plan—without public borrowing.
The city has been reducing its
debt since
submitted
18,
are car¬
ried out,
capital
i
election ta be held
an
the
on
Norway Lake Township (P. O.
Sunburg), Minn.
$500 million on municipal im¬
provements during the next gen¬
eration, with the emphasis on a
network
Election—An
Z/f//
Fairmont, Minn.
City Clerk
Bond Election—The
sealed bids until
T. p.m. on
Feb. 15, for the /purchase
of $12r
000 semi-annual, building - coupon
bonds, not exceeding 2% interest
Denomination $500. These bonds
are
$500 annually for 24
optional in 1951. These are
due
years,
the borids authorized at the
elec¬
Jackson
County, Pascagoula Rural tion /held' on Oct. 17,. 1946, Prin¬
Separate Sch. Dist. (P. O.
cipaland interest payable at the
PascagOula),Miss.
County Treasurer's office, Beat¬
Bond Sale Details—It is stated rice.
/:-//,
by the Clerk of the Board of Su¬
Madison School District* Neb.
pervisors, in connection with the
Bond Election ^ An issue of
sale of the $125,000 school bonds
$250,000 construction and site pur¬
to White, Hattier &
Sanford, of chase
bonds will submitted to the
New Orleans, at a net interest cost
voters at the election to be held on
of about 2.38%—v.
165, p. 260—
•
rev¬
Bond
Sale—The
.
-
//Bond
$125,000 municipal airport bonds
at
Bond
Plans Half-Billion Public Works
traffic
Jan; 7.
hagej^Mo^y^
MINNESOTA
Detroit, Mich.
new
on
of ,/ZZ
issue
An
—
to have the voters
issuance of $45,000
airport bonds.
$7,000
held
$10,improvement
sewer
favorably voted at the
was
election held
$150,000 memorial hospital bonds
pass
construction
favorably voted at an
was
.
Manistique), Mich.
,
*•«
Belle, Mo.
bonds
Schoolcraft County
payable
Bonds Voted—An issue of
000 water and
called.
date
on
Interest
MISSOURI
Co., Detroit, for payment.
~
i
inclusive.
all
J-D.
should be delivered to the Detroit
Concordia Parish Consolidated Sch.
p.* 729—were awarded to the Sec¬
fered for sale On Jan. 28^-v; 165
Dist. No. 1 (P. O.
Vidalia), La.
ond National Bank, of
Boston, at p. 386—-were awarded jointly to
tjBond Offering Details—The 0.616% discount. Dated Feb. 4, R* S. Dickson &
Co., of Chicago,
$425,000 school bonds, to bear not
1947. Due $500,000 on Nov.
6, and Pohl & Co., and Walter, Woody that the
bonds were sold at a
exceeding 4% interest, being of* on Nov.
13, 1947. Runner-up in &
Heimerdinger, both of Cincin¬ price of 100.085, divided as fol¬
fer?£ for sale on Feb. 11 -v. 165, the bidding was the First Boston nati, as
p. 585—will mature on
2M>s, at a price of 97.777, lows: .$90,000 as
March 1, Corp.,
2!/2s, due from
offering 0.669%/while the a basis of about
as follows:
2.715%v - Dated Feb. 1,;: 1948 to 1962, the remain¬
$17,000 in 1949, $18,- third
highest bid was an offer Feb.
«00 in 1950,
1, 1947. Due $10,000 from ing $35,000 as 2
$19,000 in 1951 and of
y4s, due from Feb.
0.709%, tendered by the Mer¬ May 1, 1948 to
1952, $20,000 in 1953 and
1972, inclusive. 1, 1963 to 1967. Interest payable
1954, chants National Bank, Boston.
Interest
FrA.
*
sj/z
payable M-N.
WW.
>
ri
f - y
"n r, 1 -i;
^
w
.v.
\» *\. A,. ■
- t //.,
»
VH:
2V4s, at par, as noted here—v. 165
586—are due on June 1, as foil
lows: $1,000 in 1948; $1,500 in 1949
to 1952, and $2,000 in 1953 to
1961,
p.
interest payment date. Said bonds
states that
$250,000 first
1947, mortgage electric light and power
Feb. 4—v. 165
system revenue coupon bonds of¬
notes
dated School district bonds which
were awarded on Jan. 20 to M.
A.
Saunders & Co., of Memphis, as
1967, subject to redemption on any
held
Norway, Mich.
$1,000,000
Sept. 1,1937. Due Sept. 1,
Dated
payable
/';/•/"/./
The above Clerk also states
that
the $25,000 Independence Console
Michigan
Lawrence, Mass.
Note Sale—The
arid 645.
601
'
following
bonds
1977.
Sold-—The $120,000 im¬
Aug. 1, 1946,
Clerk,
payable at the Bank of Commerce,
White Castle.
Legality approved
by Chapman & Cutler, of Chicago.
provement bonds offered for sale
on
Feb.
aggregating $80,$49,000 street; $16,000 side¬
walk, and $15,000 drainage sys¬
tem bonds. Denominations
$1,000
and $500.
Due from Dec. 1, 1948
(These
Church Point, La.
Bonds
on
000:
3%
LOUISIANA
p.m.
20, by L. A. Papet, Town
to
election
lion for recreation centers, parks,
and stadiums, and $55 million for
Franklin), La.
for
the
the
Detroit will have spent
$295 million for a new system of
streets and expressways, $90 mil¬
bonds. '
Mary Parish Consolidated
$200,000
Call—It is stated that S.
1
Gravity Drain District (jp. O.
be furnished the successful pur¬
chaser. A certfied check for $1,-
000, is required.
No.
237, 274, 296, 324, 335, 346, 350,
370/375, 385, 419, 457, 486, 535,
Interest
J-D,.
11.
Program—The city plans to spend
receive sealed bids until Feb.
26,
for the purchase of
$25,000 Sewer
District
March 1, the following out¬
standing refunding bonds, Series
of
Jan. 7.
District Secretary,
payment at
A, Nos. 4, 18, 44, 98, 135, 162, 214,
$58,-
Township Sch. Dist.
(P. O. Casnovia),
No. 3
sewerage disposal
plant
bonds carried at the election held
/ Monroe, La.
Bank,
Casnovia
$90,000
on
Parkin,
2.10%.
about
par on
has approved the issue.
An
called.
that he is calling for
Dist., Mich.
30.
Municipal
Lecompte, La.
ward
on
bonds
Bonds
at
voted
Jan.
election
Bonds Voted—It is stated
National
ably
on
Chicago.
/
date
on
Royal Oak Twp. Sch. Dist. No. 7
(P. O. Berkley), Mich.
Bond Call—It is stated by Ed¬
000 construction bonds Was favor¬
proved by Chapman & Cutler, of
: Russell
Springs, Ky.
City Secretary-Treasurer that at
/ Bond Offering—S. E, Rippetoe,
City Clerk, will receive bids until the election held on Jan. 28, the
p.m. on Feb. 11 for the purchase following t bonds aggregating $2,of $2i,000 water works revenue 158,000, were approved by heavy
refunding bonds, not exceeding majorities: $1,408,000 storm drain¬
3% interest. Dated March 1, 1947. age extension construction, and
Denomination $1,000. These bonds $750,000 sanitary sewer bonds.
are due March 1, as follows: $1,000
Olla, La.
in 1948, and $2,000 in 1949 to
Bond Offering—The Mayor will
1958;
Rate of interest to bey in
.
Baroda Sch.
Bonds Voted—An issue of
int.
New Orleans.
merce,
v-
-
and
ceases
April 7.
that
revenue bonds
purchased recently at par by
Co.,
1954,
1959.
stated
Nos.
at
MICHIGAN
"
is
$116,000 gas utility
Dated Feb. 1,-1947.
Denomination $1,000.
are due Feb.
Jena, La.
(M-S) pay¬
able at the National Bank of Com¬
County (P. O.
Nicholasville), Ky.
Bond
/
1946.
Jessamine
in
to
Sold—It
Sendtobia),
Mississippi
Sale Details—The Clerk
of the Board of Supervisors
states
Bond
for
Interest
of Boston.
000
Bonds
Tate County XP. O.
481 to 540, are being called that the $50,000 road bonds soldi
payment on March 1, at par to the First National Bank of
and accrued interest. Dated July Memphis, as 2y4s, at a price of
Trust Co., of Dedham, at 0.549%
15, 1941. Bonds should be deliv¬ 101.41/as noted here—v. 165, n
discount. Due on Nov. 7, 1947.
ered to the National Bank of De¬ 586—are due $2,000 from Dec. 1*
Second best bid was an offer of
troit, for payment on March 1. 1947 to 1971, /giving a basis of
0.566%/ by the First National
Feb.
on
s;xv'.-virV'-!\
.
'
♦
y:^y>~Mass;
Bank
now
1"+*'y
Pontiac, Mich,X : yV
(P.OrDedham)r"
Bond Call—It Is stated by Oscar
/'///£$;
Eckman, Director, of Finance, that
Note ,.Sale—The . $400,000 tax
1941 refunding bonds, Series A-5,
anticipation notes offered for sale
Norfolk County
fer of 0.49%, by the United States
as 1 Vz s, due from, Jan.
1, 1948 Trust Co., Boston,
////i/ //.■.v
1950; $122,000 as l%s, due from
an election to be held sometime in
Somerville, Mass.
Jan. 1, 1951 to 1956, and the re¬
February:
$33,600 water works
Note Sale—The $500,000 tem¬
maining $22,000 as 2s, dud on Jan,
improvement, and $6,425 airport
porary loan notes offered for sale
1, 1957. Interest payable J-J.
bonds.
on
Feb. 6, were awarded to the
Queydan/ La.
Merchants National Bank, of BosV'-.' -<"• ScottCity, Kan, '
'
Bond Sale—The $20,000 Water
iBonds Purchased —The $25,000
tori/at a discount of 0.58 %» Dated
works arid electric plant revenue
street improvement bonds author¬
Feb. 6, 1947. Denominations $50,bonds offered for sale on Feb. 4
ized at the election held on Sept.
000, $25,000 and $10,000.
These
—v. 165, p. 260—were awarded to
notes are due Nov. 6, 1947. The
4, 1946, were purchased recently Scharff —
Jones, of New Orleans, next
by the Crummer Co., of Wichita, for
highest bidder was the Mid¬
$12,000 as 2*&s, and $8,000 as
at a price of 100.054.
dlesex
County National
Bank,
21/4S. The next highest bidder was
Cambridge, at 0.59%.
White, Hattier & Sanford.
KENTUCKY
following
,
Sale
Monday, February 10, 1947
CHRONICLE
THE COMMERCIAL 8c FINANCIAL
856
-
Feb. 25.
Omaha Pnxblic
O.
Power
-Contract; Signed.;
Districts—The
trict
has
with
/bK
the
>■
/
three
»
'
With / Hydro
above
signed a
(«
District
Omaha), Neb.
named .dis¬
new
Hydro
J?—]
•
contract
Electric
vV I '
THE COMMERCIAL & FINANCIAL CHRONICLE
;Volume'16S'' 'Number'''4567
FWer
-
Districts.
This new ton-
tract cancels completely
tract of Dec. 26, 1944,
the con¬
between
Nebraska Power Company: and the
Omaha Electric Committee and
the Loup
River Public Power
District.' It .also cancels an bid
contract between Nebraska Pow¬
er
Company and Loup River,
which had been suspended by the
1944 contract.
■
The new contract is made with
The
Central Nebraska, Loup
River, and Platte Valley Districts.
It provides for maximum use by
the Omaha District of the hydro
electric^powerisb essentialto the
development and existence of ir¬
rigation in the State.
The new contract makes it po$for
sible
the
that
was a syndicate headed by Otis &
334, to the amount of $138,- Co., at a price of 100.135, a net in000, being all of the outstanding1 erest cost of 1.4874%, as lJ/2s.
bonds maturing in 1956 to 1963,
of an original issue of $334,000,
NEW YORK
called for payment on March
1, at the price of par value and
accrued interest.
Dated Sept. 1,
are
1941. Due Sept 1, as follows: $18,in 1956 to 1962, and $12,000.
000
in
terest
60,000 - kw. steam plant; at
Bellevue,1; which they anticpate
will be ready in early 1949. The
power generated there will be
used by Consumers, the REA Dis¬
tricts, and the Omaha District.
on
date
called.
New York City Housing
until 11
a.m.
Feb. 25 for the
on
purchase of $15,000,000 bonds, di¬
vided
follows:
as
$7,600,000
emergency
housing
bonds, Series A, to bear a sin¬
gle date of interest ranging
bonds are due Jan.
1,1950.
Sounder a County ? (P. O.
WdhOo),^ Neb.
Offering Con¬
templated—It is reported by the
County Clerk that the $150,000
from
to
iy8%
to
2%, said rate
be
expressed in multiples
of y8 of 1%. The bonds will
be
dated
Jan.
1, 1947 and
1, as follows:
$500,000 from 1949 to 1956, in¬
clusive,
and $600,000 from
1957 to 1962, inclusive.
7,400,000 highway improvement
bonds, series E, to be dated
Jan. 1, 1947 and mature an¬
nually on Jan. 1 from 1949 to
1982,
inclusive.
Bidder to
name one of the following in¬
mature
terest
Authority, building bonds offered for sale on
auction.
Jan. 10, and awarded to Blair &
Bidders are requested to name
Offering — Maxwell H. Co., Inc., as 1.40s—v. 165, p. 387—
Tretter, Executive Director, will were sold, at a price of 100.15, a the interest rate qr rates, not ex¬
receive
sealed bids until
noon
basis of about 1.38%. Interest pay¬ ceeding 5% per annum, in multi¬
(EST) on Feb. 13 for the pur¬ able F-A.
ples of V* of 1%. Each bid may
name
one
rate for part of the
chase
of
$14,715,000 temporary
Triborough Bridge and Tunnel
oan
notes
bonds (having the earliest maturi¬
(Issue XXII), dated
Authority, N. Y.
Feb. 27, 1947, and due Aug. 27,
ties), and another rate or rates
Cost of Tunnel Now Put At
for the balance, but no bid may
947. The offering consists of:
$70,000,000 —The Brooklyn-Bat¬ name more than four rates, and
Irst Series
$1,026,000
tery Tunnel, now under construc¬ each bidder must specify in his
Second Series
1,000,000 tion and
being financed by the bid the amount of bonds of each
Third Series
1,000,000 Reconstruction
Finance
Corp., rate. Each rate must be bid for
Fourth Series
1,000,000 will
require an expenditure of bonds of consecutive maturities.
Fifth Series
1,000,000
$70,000,000 provided there is no The bonds will be awarded to the
Sixth Series
1,000,000 further increase in
wage rates and
bidder offering to purchase the
Seventh Series
1,000,000 materials. The
facility is expected bonds at the lowest interest cost
Eigth sSeries
1,000,000 to be completed sometime in 1949
to
the Town,
such cost to be
Ninth Series
1,000,000 and it is
expected that thq RFC determined
by deducting the total
Tenth Series
689,000 will
provide the additional funds amount of the premium bid from
Eleventh Series
750,000 above its
original commitment of the
aggregate amount of interest
Twelfth Series
750,000
$57,000,000. The agency, accord¬
upon all of the bonds until their
Thirteenth Series
750,000
ing to George E. Spargo, General
respective maturities.
No bid of
Fourteenth Series
750,000
Manager of the above-mentioned less than
par and accrued inter¬
Fifteenth Series
500,000
Authority, has cut the interest est will be entertained.
Sixteenth Series
500,000
New
Jan.
rates
'
for
-
e
500,000
Eighteenth Series
500,000
Sold —The
$16,137,000
(Issue XXI), dated Feb. 27,
and due Aug. 27, 1947 of¬
Notes
notes
1947
the .entire
awarded
of New
York, $11,290,000 at 0.82%
interest—
First Series
}.$1,000.000
iy8%,
1%%,
1%%, Second Series
1V2%, 1%%, 1%%, l7/s% or Third Series
2%.
Fourth
terest will be exempt
from taxa¬
,1,000,000
1,000,000
1,000,000
1,000,000
500,000
790,000
1,000,000
1,000,000
1,000,000
Series
Sixth Series
Thirteenth Series
Fourteenth Series
Fifteenth Series
Sixteenth Series
Seventeenth
Series
ceive
Series
—
To Bessemer Trust Co.,
Jersey
the State or by any county,
City, $2,000,000 at 0.80% interest,
municipality or other taxing dis¬
plus a premium of $3 on each se¬
A certified check
Bond Election—The issuance of trict thereof.
ries—
for $300,000, payable to order of
Ninth Series
$40,000 construction bonds will be
$500,000
C.
Hendrickson,
State Tenth
submitted to a vote at an election Robert
Series.500,000
to be held on Feb. 11, it is re¬ Treasurer, will be furnished the Eleventh Series
500,000
successful bidder. Legal opinion
Twelfth Series
ported.
500,000
of the State Attorney General and
To
Manufacturers
Trust Co.,
Camden County (P. O. Camden), of
Hawkins, Delafield & Wood, of
New
York
City,
$1,847,000 at
New Jersey
:
'
New York City will be furnished
0.82%—
•
Bond Sale-rThe $425,000 re¬ the successful bidder.
funding of 1946 coupon-boiids of¬
Seventh Series
$1,000,000
Stone Harbor, N. J.
fered for sale on Feb. 5-^v. 165,
Eighth Series
847,000
Taxpayers Protest Bond Issu¬
p. 586—were awarded to a syndi¬
The Central Hanover Bank &
connection
with
the
cate composed of White, Weld & ance—In
Trust Co., New York City, pur¬
Co.; Coffin & Burr, both of New $170,000 jetty construction bonds chased the balance of $1,000,000,
York, and Hallowell, Sulzberger that were approved by the Local
representing the fifth series, at
& Co.; of Philadelphia, as- 1.70s, Government Commission last No¬
0.82% interest, plus a $12 pre¬
at a price of 100.2188, a basis of vember, to be issued in connection
Caldwell Sch. Dist.
(P. O.
Caldwell), N. J.
tion by
-
about
1.677%* Interest payable
M-N. Dated Nov, 1,1946. Denom.
$1,000. These bonds are due Nov.
1, in 1950 to 1962.
East
Rutherford,N. I.
.
Election Urged—The
Board of Education is said to have
been asked to place, on the ballot
at the school election on Feb. 11,
Bond
with
it
a
to cost $400,000,
that plans to issue
have been delayed tem¬
program
is reported
the bonds
porarily as a committee appointee
at a recent meeting of the Cham¬
ber of Commerce filed with the
Borough Clerk a taxpayers' peti¬
tion protesting against incurring
signed by more
property owners with
an issue of $35,000 athletic field
combined If assessed
holdings o"
improvement bonds.
more
than $300,000.
This action automatically blocks
port Lee, N* J.
Warrant Tenders Invited—It is
stated by Josiah M. Hewitt, Treas¬
urer of the Board of Liquidation
such indebtedness,
than
100
proposed bond issue with
which it was intended to finance
part of the costs.
the
<
sealed
bids
until
3
mium.
(EST)
re¬
p.m.
sale
on
Feb.
State
of
The ap¬
Treasurer
proving opinion of Masslich and
Mitchell, New York City, will be
furnished the purchaser.
Due Aug. 15, as fol¬ & Co., all of Durham, at a price
$13,000 in 1958 to 1959; of 100.188, a net interest cost of
$45,000
$14,000 in 1960; $15,000 in 1.93%, as follows: for
1961 to 1964, and $10,000 in maturing Feb. 1, $5,000 in 1953,
1965 and 1966.
$10,000 in 1954 to 1957, as 2%s,
Dated Feb. 15, '1947.- Denom. $40,000 maturing $10,000. Feb.
1958 to 1961, as iy4s, and $60,000
$1,000. Rate of interest to be in
maturing $10,000 Feb. 1, 1962 to
multiples of V\ or l/10th of 1%.
as
2s. " Interest
payable
Principal and interest payable at 1967,
F-A. Dated Feb. 1, 1947. Legal¬
the First Trust Co.,
Wellsville.
The bonds will be delivered at ity approved by Masslich & Mit¬
Wellsville, or at such other place chell, of New York.
as
may
be agreed with the pur¬
Reidsville, N. C.
The
Bonds Voted—An issue
chaser, about Feb. 28, 1947.
approving opinion of Vandewater,
Sykes & Heckler, of New York
City, will be submitted to the suc¬
cessful bidder.
A certified check
Til-
& Co., of New York, as 1.10s,
at a price of 100.042, a basis of
about 1.085%. Dated Feb. 1, 1947.
$2,500 on Aug. 1, in 1948 to
1951, and on Feb. 1, 1952. Interest
payable F-A.
Second best bid
was an offer of 100.204 for 1.20s,
of $200,-
and sewer system
bonds was approved at the elec¬
tion held on Jan. 7.
000 water, street
$5,500, payable to the village,
is required.
for
Park¬
Westchester Cross County
way
Authority, N.
Y.
Continuance Sought—A bill has
islature
the
NORTH DAKOTA
Grand
Forhs fndep* Sch. Dist.No. X
Forks), N. Dak.
(P. O. Grand
been introduced in the State leg¬
providing for continuance
authority until its bond
Bonds Voted—It is stated
NORTH CAROLINA
by the
Secretary of the Board of Educa¬
tion that at an election held oil
Jan.
28, the voters approved the
of $650,000 construction
issuance
bonds by a
wide margin.
Jamestown, N. Dak.
is
National
said to
$10,000
garbage
Bonds Sold—The First
Bank
have
of
Jamestown
purchased
control revenue bonds as 2y2s.
ney
Due
the
lows:
3—v.
165, p. 731—were awarded to
of
order
North Carolina for $1,300.
on
Garden City principal and interest liabilities
Park Water Dist. (P. O. Garden
have been met or a_ssumed by the
City Park), N. Y.
county, and eliminating the tenBond Sale—The $12,500 coupon year time limit for redemption of
or registered fire apparatus bonds
outstanding bonded debt.
for
incor¬
porated bank or trust company,
payable unconditionally to the
Hempstead,
offered
accompanied by
bonds.
of
North
be
certified check upon an
Feb. 14, for the pur¬
chase of the following coupon or Iredell County (P. O. Statesville),
North Carolina
registered bonds amounting to
Bond Sale—The $154,000 rbad
$275,000, not exceeding 5% int.:
$25,000 water works bonds. Due and bridge refunding bonds, of¬
for
sale
recently, were
Aug. 15, as follows: $2,000 in fered
1948 to 1959, and $1,000 in awarded to a syndicate composed
of J. Lee Peeler & Co., the Vance
1960.
250,000
electric
light
system Securities Corp., and R. S. Hays
500,000
500,000
Nineteenth Series
will
Treasurer,
Village
1,000,000
Eighteenth Series
Twentieth
Jr.,
must
Bids
a
Wellsville, N. Y
Bond Offering—George B. Booth,
follows:
as
To Chemical Bank & Trust Co.,
tunnel bonds it has been
on
acquiring from 3%% to 2% dur¬
ing the construction period and
has also agreed to an extension of
the maturity date to 1995.
fered Feb. 3—v. 165, p. 731—were
:
unconstitutional.
1946,
rate
Seventeenth Series
Principal and semi-annual in¬
terest (J-J) on both issues will be
NEW JERSEY
payable at the First-Mechanics
^
Atlantic City, N. J,
National Bank, of Trenton. Cou¬
City Sales Tax Ruled Void— pon bonds in $1,000 denominations,
*fhe New Jersey Court of Errors exchangeable for fully registered
and Appeals ruled recently that bonds.
All of the bonds will be
Atlantic City's ,3 % sales taXT im¬ full faith and credit obligations
posed from May, 1945,! to June, of the State and principal and in¬
" I,
-
■
York
Note
issue:
county hospital bonds approved
by the voters last November, will
be taken up by county banks.
'
purchaser without cost. A. $750 semi-annual interest (F and A 1)
certified
check, payable to the able in legal tender in Morganton,
N.
Town, must accompany bid.
C.; general obligations; un¬
limited tax; delivery on or about
Palatine Bridge, N. Y.
March 1, 1947, at place of pur¬
Bond Sale Details—The $19,000
chaser's choice. There will be no
—
Jersey (State of)
Offering—Christopher H.
Ellin, Secretary of the Issuing Of¬
ficials, will receive sealed bids
.....
No Public Bond
ceases
Bond
Pawnee
These
bonds
New
County (P. 0$
City)i Neki '
Bond Sale—The $15,000 county
hospital bonds authorized at the
general election on November 6,
1946, were awarded recently to
the County, as 2s. Dated July 1,
1947.
said
Sept.
1,
1947,
and
subsequent
thereto, for payment, at the of¬
fice of the Borough Treasurer. In¬
Hydro Districts to
Pawnee
of
tached interest coupons maturing
new
;
Holders
1963.
shall present their bonds with at¬
start immediate construction of a
-
3^% refunding bonds, Nos,:<
197 to
857
Glen Alpine,
Bond
N. C.
Offering—W.
E.
Williston, N. Dak.
Easter-
ling, Secretary of Local Govern¬
ment
Commission, will receive
sealed bids in his office at Raleigh
until 11 a.m. on Feb. 11 for the
Bond
Election
—
An
issue
of
$50,000 storm sewer bonds will be
submitted to the voters at the
election to be held on Feb. 17.
tendered by the Marine Trust Co., purchase of $65,000 not to exceed
5% interest coupon water bonds.
Borough, that the Board
OHIO
Buffalo.
has currently available $25,000 for
NEW MEXICO
Dated Feb. 1, 1947. Denom. $500.
North Hempstead, Great Neck Park Due * Feb.
the purchase at the lowest price
1, as follows: $1,000 Clay-Genoa Local School District
Clovis, N. Mex*
Dist. (P. O. Manhasset), N. Y
(P. O. Genoa), Ohio
from 1950 to 1961 incl.; $1,500,
offered of the borough's interest
Bond Offering—Ralph Camper,
Bond
funding warrants.; Holders desir¬ ; Bonds Voted—An issue of $85,Offering — Sealed bids 1962 to 1970 incl.; $2,000, 1971 to
ing to offer warrants should en¬ 000 memorial hospital bonds was will be received until 10:30 a.m. 1976 incl., and $2,500 from 1977 Clerk of the Board of Education,
close such tenders in plain sealed ratified at the election held on on Feb.
14, by Hartford N. Gunn, to 1987 incl. Bonds are subject will receive sealed bids until noon
envelopes marked "Tenders of In¬ Jan. 13*
Town
Supervisor, for the pur¬ to redemption at the option of the on Feb. 17, for the purchase of
terest
chase of $37,000 coupon or regis¬ Town, in whole or in part, at $102,000 building bonds, not ex¬
Funding Warrants,'* ad¬
New Mexico (Slate of)
dressed to the Board of Liquida¬
ceeding 2y2% interest. Dated Jan.
Debentures Sold—An issue of tered park bonds. Interest rate par and accrued interest, on any
tion for "the Borough of Fort Lee,
is
not to
exceed 5%,
payable interest payment date prior to 1, 1947. Denoms. $1,000 and $500.
$1,000,000 state highway deben¬
1650 Lemoine Ave., Fort Lee, N.
M-S. Denom. $1,000. Dated March maturity,
upon 30
days' notice These bonds are due $2,500 April
tures offered for sale on Feb. 5
JV Tenders will be opened at 2
1, 1947. Due on March 1: $7,000 published once in a newspaper and Oct. 1, 1948 to 1963, and fe —v. 165, p. 586—was awarded to a
500 April and $3,000 Oct. 1, 1964
p.m, on Feb. 19.
:
syndicate composed
of Halsey, in 1948 to 1950, and $8,000 in published in Morganton, North
to 1967. Rate of interest to be in
Stuart & Co.; Salomon Bros. & 1951 and 1952. Rate of interest Carolina, and filed at the place at
Highlands, N. J.
which the principal of and inter¬ multiples of y4 of 1%. Tj}ese are
Bonds Authorized
The Bor¬
Hutzler; G. H. Walker & Co., both to be in multiples of % or l/10th
of 1%, and must be the same for est on the bonds are payable. A the bonds authorized at the gen¬
ough Council is said to have passed of New York, and Bosworth, Sul¬
all of the bonds. Prin. and int. redemption of any part of the out¬ eral election held on Nov. 5,1946.
on final
reading an ordinance call¬ livan & Co., of Denver, as 1 %s,
bonds, less than the The approving opinion of Brecker,
at a price of 100.155, a net interest payable at the Port Washington standing
ing for the issuance of $114,000
whole thereof, will be a redemp¬ Marburger, Evatt & Barton, of
Water system construction bonds. cost of 1.4855%Interest payable National Bank & Trust Co.* Man¬
Columbus, will be furnished the
The tion of bonds in the inverse order
F-A. Dated Feb. 1, 1947. Denom. hasset ; Branch, Manhasset.
A certified
of
their
identifying
numbers. successful bidder.
Neptune City, N. J.
$1,000. These debentures are due approving opinion of Vandewater,
for the
—
Bond Call—It is stated by EdWard
McClelland, Borough Clerk,
$250,000 on Feb. and Aug. 1, 1957
and 1958. The next highest bidder
Sykes
City,
& Heckler, of New York
will be furnished to the
Coupon
bonds registerable as to
principal
alone;
principal
and
check
for $1,100,
Board of
payable to the
Education, is
required.
•Monday; February 10,
ig47
Concord Rural Local
Bond
bonds bid for, payable to the
Board of Education, is required. 4
Sch. Dist.
O. Urbana), Ohio
(P.
Sale—The
school
$5,000
& Co.,
of Cincinnati,
to
iaci.
Lbo*
will
at
1 from 1948
Clerk of the Board of Education,
receive
sealed
bids until
8 p.m. on Feb. 17, for the pur¬
chase of $360,000 not to exceed
2% building bonds.
Dated March
Denom. $1,000. These
bonds are due $9,000 June and
Dec. 20, in 1948 to 1967. Rate of
interest to be in multiple of % of
1%. Principal and interest (J-D)
payable at the Central National
1947.
20,
Bank, Cleveland. The approving
opinion of Squire,
Sanders
&
Dempsey, of Cleveland, will be
furnished.
A certified
Offering—Dent
Thomas,
Education,
Clerk of the Board of
Feb.
on
noon
18, for the purchase of
building
bonds.
$75,000
Dated March 1, 1947. Denom. $1,-
000. These bonds are due $3,000
from Nov. 1, 1948 to 1972. Bidders
bid for a different rate of
interest in a multiple of y4 of 1%.
Feb,
18, for the purchase of
$65,000
2Vs%
building
bonds.
Dated March 1, 1947. Denom. $1,000.
These bonds are due Nov. 1,
as follows:
$2,000 in 1948 to 1957,
and $3,000 in 1958 to 1972.
Bid¬
ders may bid for a different rate
of interest in a multiple of V\ of
1%.
The approving opinion of'
Squire, Sanders & Dempsey, of
Cleveland, will be furnished the
successful purchaser. A certified
check for $650, payable to the
Board of Education, is required.
These bonds were originally of¬
on
fered for sale on Jan. 25.
Marysville, Ohio
Bond
Sale—The $165,000 storm
bonds offered for sale on
Jan.
31—v.
awarded
165,
to
387—were
p.
the
Ohio
Co.,
of
Columbus, as l*As, at a price of
100.131, a basis of about 1.485%.
Dated Jan. 1, 1947. Denom. $1,000.
These bonds are due from Nov. 1,
1948
to
1967.
The
next
highest
bidder was Field, Richards & Co.,
for l%s, at a price of 101.937.
may
Principal
and
interest
(M-N)
National
payable at the First
Bank, of Coshocton. The approv¬
ing opinion of Squire, Sanders &
Dempsey, of Cleveland, will be
furnished.
A
certified
check for
$750, payable to the Board of
Education, is required.
(These
bonds were originally offered for
sale
nance
Authorized
was
An
—
of
ordi¬
$6,000
3%
street
an
is¬
Denom. $500. These bonds
due Nov. 1, as follows: $500 in
are
1948 to
1951, $1,000 in 1952, $500
1956, and $1,000 in 1957.
in 1953 to
Hamilton
City Sch.
Dist. (P. O.
Hamilton), OhlO
Bonds Voted—It is stated by the
Clerk of the Board of Education
that at the election held on Jan. 21
the voters approved the issuance
an
election will be held
on
March
18, to resubmit to the voters the
$180,000 site purchase and school
construction bonds that
were
re¬
jected by the voters last November.
.
Hicksville, Ohio
Bond Offering—Ethel
Harkey,
Village Clerk, will receive sealed
bids until
noon
oh Feb. 8 for the
purchase of $18,000 water works
extension bonds,
not exceeding
4% interest.
Dated March 1, 1947.
until
Jesse
bids
noon
M.
on
Shaffer,
June
and
incl,
1947.
Dec.
Due
1, in
Bidders
different
rate
$10,000
1948 to
specify
interest, in
may
of
multiples of 14 of 1%. No bids
to be
for
less
than
crued interest and
will
be
and
par
no
received.
The
expense. A certified check for 1%
of the amount bid,
payable to the
Board of
Education, is required.
(These
Dec.
on
received
Mt.
the
are
23,
for
were
bonds
which
offered
all
bids
certified
to
the
check for $250,
Village
payable
Treasurer
is
re¬
Clerk of the Board of
Education,
will
receive
sealed
bids
until
noon on Feb.
18, for the purchase
of $54,000 school
bonds, to bear
exceeding 3% interest. Dated
Feb. 1, 1947. Denom.
$1,000. These
bonds are due
$1,000 May and
$2,000 on Nov. 1, in 1948 to 1955.
Rate of interest to be in multi¬
not
ples of 14 of 1%. A certified check
for $800, payable to the
Board of
Education, is required.
Mount
Sterling Local Sch. Dist.
{P. O. Mount Sterling), Ohio
—
land,
a
Township Local Sch.
Bowersville), Ohio
Dist. (P. O.
Bond
of
the
noon
on
for the purchase of
$139,000 3% improvement bonds.
Dated Jan. 15, 1947. Denom. $1,000.
1,
These
bonds
are
due
$4,000
April and $3,000 on Oct. 15,
1948,
iand $3,000 April and Oct.
15, in
1949 to 1970. Bidders
may bid for
a
different
rate
of
interest in
multiples of y4 of 1%. Principal
and interest
(A-O) payable at the
office of the Board of
Education.
The approving
opinion of Peck,
Shaffer &
will
be
of
to
1946.
Due
Williams, of Cincinnati,
furnished
A certified
the
check for
purchaser.
1%
of the
price of 101.27,
1.63%.
on
Nov.
2.595%.
was
.1, in
pay¬
Runner-up in the bid¬
J.
A.
White
&
Co.,
for l%s.
School District, Ohio
Bond Offering—C. J.
McCullough, Clerk of the Board of Edu¬
cation,
until
will
noon
receive
on
March
sealed
1,
bids
for the
purchase of $21,000 3%
building
bonds. Dated Jan. 1,1947, Denom.
$1,000. These bonds are due Jan. 1.
as follows:
$2,000 in 1948 to 1957,
and $1,000 in 1958. Bidders
may
bid for
a
different rate of
Sch. Dist.
on
Feb. 18.
Due
May and
on
ally announced that the $209,000
will
Offering
be
Feb.
—
received
18,
by
Sealed
until
bids
noon
on
Chapman,!
Mary
Clerk of the Board of
Education,
for the purchase of $90,000 2xk%
ing
$1,000.
on
interest in
multiple of
a
bid is to be for
no
less than par and accrued interest.
Prin. and int. payable at the First
National Bank of Coshocton. The
approving
opinion
of
Squire,
Sanders & Dempsey, of
Cleveland,
A $900 certified
check, payable to
be
furnished the purchaser,
Education, must
ac¬
cost
4—v.
of
1.62%.
aidder
tioned
the
are
on
Feb.
bonds
men¬
3, to be sold
Feb. 17—v. 165, p.
on
731.)
Utica Sch. Dist., Ohio
Bond
Election—An
$216,000
construction
issue
bonds
of
will
be submitted to the voters at the
election to be held on March 18.
Verona), Ohio
Bond Sale—The $72,600 build¬
ing bonds offered for sale on Feb.
3—v.
165, p. 387-*were awarded
to J. A.
nati,
White & Co., of Cincin¬
2s, at
price of 100.443,
a
basis of about 1.96%. Dated
April 1, 1947. Due on April and
Oct. 1, from April 1, 1948 to
April
1, 1972.
Interest payable A-O.
as
Second
best
bidder
was
the
Arcanum National Bank,
offering
100.137 for 2s.
Bond
Offering—B.
Bond Sale—The $4,296.50 water
line bonds offered for sale on Feb.
4—v. 165, p. 587—were
purchased
State Savings
Bank, the only bidder, according
to the Village Clerk.
Dated Feb.
1947.
to
1956.
Due
on
Feb.
1, in
Willowick, Ohio
1948
.
Bond Sale—The
$50,000 village
hall bonds offered for sale
on Jan.
27—v. 165, p. 262—were
awarded
to
Wm. J. Mericka
&
Cleveland,
100.552,
as
3y4s, at
a
Durchase
a
was
Pohl
&
100.03 for 4% bonds.
These
at
on
Bonds Voted—An issue of
$200,county hospital bonds was fa¬
vorably voted at an election held
recently.
Sale—The $300,000 bonds
offered for sale on Feb. 4—v. 165,
588—were
awarded
to
the
Co.,
$210,
pay¬
able to the Board' of Education,
is required.
i
...
2.408%.
These
bonds
are
$250,000 water system bonds.
$15,000 in 1950 to 1965,
$10,000 in 1966.
50,000 fire equipment bonds.
$3,000 in 1950 to 1965,
$2,000 in 1966.
The next highest bidder
inclusive.
der
The next highest
buk
the
United States Na¬
Bank, Portland, for l%s
price of 100.11. \
'
was
tional
at
a
Union County Sch. Dist. No. 23
S
(P. O. Elgin), Ore.
Bonds Voted—The issuance of
$14,000 construction bonds was
approved by the voters at a recent
election.
Wheeler County
Sch.- Dist. No. 1
(P. O. Spray), Ore.
Sale—The $30,000 school
bonds offered for sale oh Feb.
1,
Bond
awarded
were
to
the
First
Na^
tional Bank of Portland.
Aliquippa, Pa.
Bond
Sale
The
$45,000
funding bonds offered for
on
Feb. 3—v. 165, p. 731—
—
coupon
sale
awarded to S.
K.
Cunning¬
ham & Co., of Pittsburgh, as
iy4s,
at a price of 100.136, a basis of
about 1.225%. Dated Feb.
Second best bid
was
Singer,
&
Deane^
100.433 for l^s.
an
offer by
Scribner,
of
.
Pennsylvania v
Bond Sale Details—The $900,000
bonds
warded
recently to the
syndicate headed by Dolphin &
-
Due
as
$400,000
follows:
and
Due
and
was
Calvert & Canfield.
13A%
water
revenue
bonds. Due Jan. 1, as follows;
$22,000
in 1950, : $23,000 in
1953, $24,000 in 1954
and 1955, $25,000 in 1956 to
1959, $26,000 in 1960 and 1961,
$27,000 in 1962 and 1963, and
$28,000 in 1964 and 1965.
100,000 2% water revenue bonds.
1951
to
Due Jan. 1, as follows: $32,000
Willow, Okla.
Offering — Sealed
Bond
will, be
on
received
Feb.
$20,000
18
2:30 p.m.
for
purchase of the
works bonds au¬
water
thorized at
until
in
the election
OREGON
on
Jan. 20.
I
Clackamas County, Estacada High
Sch, Diet* (P. O. Estacada), Pre.
Bond
Election—An
issue
of
$40,000 construction bonds will be
submitted
to
the
voters
election to be held
on
at
the
Feb. 10.
Sale
000
Details
400,000 2% water
bonds.
revenue
1, 1977.
-
Interest payable J-J. All of said
bonds will be callable on any in¬
terest date at 103 to and including
Jan.
and
1, 1952; at 102 thereafter to
including Jan. 1, 1957; at 101
thereafter to and including Jan. 1,
1962; and thereafter at
par.
able
a price of
The term bonds shall be call¬
first, by lot; and the serial
bonds in inverse order of number
The City
—
reports that the $17,r
paving bonds sold to
Philadelphia, Pa.
now
street
Due Jan.
•
and maturity.
Dallas, Ore.
Bond
Auditor
1966, $33,000 in 1967, and
$35,000 in 1968.
bids
the United States National
Bank,
Debt
-Reduced
22%
Past
in
Twelve Years—Gross bonded "debt
of the City of-
Philadelphia, has
Portland, as iy>s, at a price of been
reduced by $129,100,000 dur¬
100.12, as noted here, are dated
ing the past 12 years arid on Jan.
Jan. 1, 1947, and mature on Jan.
I, 1947, stood at $439,700,000. This
1, as follows: $1,000 in 1948 and
is one of
humber of striking
1949, and $1,500 in 1950 to 1959,
facts set forth in an analysis of
giving a basis of about 1.48%. In¬
the citys finances
just completed
terest payable J-J.
by the Philadelphia investment
of
firm of Yarnall Si Co. Net bonded
Grants Pass, Ore.
Bonds Voted—At
tion the
voters
are
a
recent elec¬
said
to
have
approved the issuance of the fol¬
lowing bonds: $75,000 sewer, and
$60,000 city hall bonds.
Home
of
the
Water District (P.
Multnomah), Ore.
Offering—The
Board
of
O.
Secretary
Commissioners
trayed in a pictorial brochure en¬
titled "Youngstown Offers Indus¬
bear not exceeding 3% interest.
Dated Jan. I, 1947i Denom^
$1,000.
try Opportunity," currently being These bonds are
due Jan. 1, as
distributed by the New Industries
follows: $15,000 in 1949 to
1953,
Committee of the Greater
Youngs¬ $16,000 in 1954 to 1958, and $18,*
100.50, a'
.
de¬
scribed
afforded
town Area Foundation.
of
Dated Feb
15, 1947.
These bonds are due
$1,000 from Feb. 15, 1949 to 1959
Inc., of Wichita, Co.—v/165, p. 588—were sold at
and E. M. Clohessy, of -Oklahoma
a price of
par, and mature as fol¬
City, jointly, at a net interest cost lows: •
;
•
'
'
*'
,
eral election held on Nov.
5, 1946.
A certified check for
Bank, of Portland
price
Chambersburg Municipal Authority,
Sapulpa, Okla.
Bond
d.
a
basis of about 1.674%
Due
000
Crummer
at
of¬
Feb. 3—v.
165
awarded
to
the
on
1, 1947.
$5,000 from Feb. 1,'1949 to
1957, incl. Interest payable F-A.
Payne County (P. O.
Stillwater), Okla.
Bond
—
ap¬
held
industries, will receive sealed bids until
resident and prospective, in the 7:30 p,m. on Feb.
10, for the pur¬
interest Pity area are
attractively por¬ chase of $245,000 water bonds, to
in a multiple of y4 of
1%. These
bonds were authorized at the gen¬
l%s,
as
were
were
election
Jan. 22.
Co., offering
Industry Advantages Studied
bonds
the
building bonds
sale
Dubber-
of
interest.
proved
Youngstown, Ohio
Advantages
for
731—were
PENNSYLVANIA
J.
$40,000
hospital
DOnds, to bear not exceeding 3%
Co., of
price of
basis of about 3.195%.
Dated Dec. !,♦ 1946. Due
$2,000
from Dec. 1, 1948 to
1972, incl.
Interest payable J-D. Second best
bidder
fered
stein, ~ City Clerk, will receive
sealed bids until Feb. 13, for the
Waterville, Ohio
1,
net interest cost
a
1.63%.
a
by the Waterville
The next highest
the National Bank of
was
Frederick, at
of
of
company the bid.
(These
Dist., Okla.
$22,000 build¬
offered for sale on
165,
p.
587—were
awarded to the First State Bank,
of Grandfield, at an net interest
Nov.
$4,000 in 1948 to
1968, and $3,000 in 1969 and 1970.
Bidders may bid for a different
of
Sch.
Sale—The
bonds
Feb.
follows:
as
storage
the election held on Sept. 6,1946.
Grandfield
of
Sale—The $11,000
equip¬
ment
authorized at
were
certified
A
of the par
value
bonds, is required.
Okarche, Okla.
Coshocton), Ohio
1,
bonds
These
th*
Junction City, Ore.
construction bonds have been sold.
1, in 1948 to 1971.
Bond
County, Union High
(P. O. Rifle), Okla.
Bonds Sold—It has been offici¬
Tuscarawas Local Sch. Dist. (P. O.
Dated
Oct.
1969, incl. Interest
able A-O.
ding
a
about
Offering—Roy Hite, Clerk offering 101.139
Board of Education, will
Plains Local
receive sealed bids until
March
1,
1948
Jefferson
l3/4s, at
as
basis
Garfield
Portland.
First National
$40,-
system extension bonds
the election to be held
Verona Local Sch. Dist.
(P. O.
Dist.
(P. O. Dillonvale), Ohio
Bond Offering—Ann E.
Denger,
Oct.
quired.
about
the
Bond
will be submitted to the voters at
Bond
Warnock, R. R. 1), Ohio
Sale Details—The $85,000
building awarded on Jan. 7, to
Ryan, Sutherland & Co., of Tole¬
do, as 2%s—v. 165, p. 387—were
sold at a price of 101.63, a basis of
of
at
-
Portland
States National
United
check for 2%
on
Dawson, Okla.
on
Bond
rejected.)
Pleasant Local Sch.
awarded to Otis & Co., of Cleve¬
due $1,000 March and
Sept
1, 1948 to 1956. Rate of interest to
in multiples or y4 of 1%. A
731—to be sold
Smith Local Sch. Dist. (P.O.
ap¬
be
bonds
165, p.
17.)
v.
Feb.
the Board of
are
$1,000. These
in
will
proving opinion of Peck, Shaffer
& Williams, of
Cincinnati, will be
furnished to the purchaser at his
held
Bond Election—An issue of
A $730 certified check,
payable to the Board of Educa¬
tion, must accompany the bid. *
(These are the bonds mentioned'
ac¬
Bond Sale—The
$150,000 build¬
ing bonds' offered for sale on
Feb. 3
v.
165, p. 387 — were
Denomination
furnished.
are
conditional
be
to
Bank
p.
Dempsey, of Cleveland, will be
y4 of 1%, but
1,
election
the
13:
$8,000 sewer system bonds.
7,000 water works system bonds.
al Bank, Coshocton. The approv¬
ing opinion of Squire, Sanders &
Education, for the purchase of
$400,000 %xk% building and im¬
provement bonds. Denom. $1,000.
Feb.
the
Feb.
payable at the Coshocton Nation¬
rate
Dated
at
000 water
for less than par and accrued in¬
terest.
Prin.
and
int.
(M-N)
Clerk-Treasurer of the Board of
of $4,290,000 construction bonds,
Hebron LocalSch. Dist,(P. Q,
Hebron), Ohio
Bond Elections-It is stated that
by
Sealed
—
received
15,
paving bids
bonds.
Offering
be
Feb.
a
passed recently, by the
Village Council calling for
sue
will
1967,
Geneva-On-The-Lake, Ohio
Bonds
Bond
Bond
at
or
semi-annual, bonds amounting to
$15,000, not exceeding 4% inter¬
est, will be submited to the voters
multi¬
a
of 1%. No bid is to be
Miamisburg City Sch. Dist. (P. O. building bonds. Denom.
Dated March 1, 1947. Due
Miamisburg), Ohio
on
Jan. 27.)
on
$1,000.
Dated
1947. Due on Nov. 1,
as
follows:
$2,000 in 1948 and
1949, and $3,000 in 1950 to 1972,
incl. Bidders may specify a dif¬
interest v (J-J). payable
First National Bank of
Comache, Okla. •
/
Election —The following
1,
ple of
noon
on
Denom.
March
ferent rate of interest in
sewer
will receive sealed bids until
bonds.
for
will receive sealed bids until
$5,000, payable to the Board of
Education, is required.
Bond
voters
check for
Fresno Local School District, Ohio
noon
District, Ohio
Bond
Offering — M. G. Karr,
Clerk of the Board of Education,
by Fox,
Reusch & Co. of Cincinnati.
will
the
scheduled
Keene Local School
was made
Fairview Village Exempted Sch*
Put. (P. Q. Cleveland), Ohio <
Bond Offering—H. T. Jameson,
to
election
until
received
18, by Klines Foster, Clerk
of the Board of Education, for the
purchase of $73,000 2y>% building
March 18.
Second high bid of
100.12 for 1
submitted
be
an
be
Feb.
$150,000 school construction bonds
price of 100.14, a basis of about
1.458%* Dated Sept. 1, 1947 and
due $1,000 on Sept.
will
Bond Election—The issuance of
a
Coshocton), Ohio ?
Offering — Sealed bids
Bond
town), Ohio
,
1 xk s, at
as
Route 5,
Johns*
Johnstown Sch. Dist. (P. O.
bonds offered Jan. 29—v. 165, p.
387—were awarded to J. A. White
OKLAHOMA
Roscpp Local Sch. Dist. (P. O.
000 in 1959 to 1963,
Principal and
debt of $334,000,000 at the
begin¬
ning of tbO-present year repre¬
sented a reduction of
$103,000,000
during that period.
Through reduction in size of
debts, and also through lowered
interest
rates,
annual
interest
charges of the city have also been
substantially
reduced.
Whereas
interest charges on the
city's debt
in
1934
amounted
to $24;000,000
$17,000,000 in 1946 and
arev expected to amount to
only
$16,000,000 in ' 1947; the analysis
they
were
shows. 22"'
'
Discussing
O
the
-
•
*
-
prospects
for
further reduction of the
city's
interest
charges: the 3 analysis
states: "Of the
gross bonded 'debt
60% (or $267,912,-
1947, over
1,
4% tp
We&S^'
5 /2%;^ ^About.
-
Newport, R. /. V
le^he $100,000 tem*
$lfi4,OO0,O(M
callable be*
tween Jam 2, 1947 an4 Feiv 16,
1955, Annual interest on these
short-term bonds amounts to SI*5*
175,000. Assuming they were all
refunded at 2%^ ; the yearly say¬
ings wohld amount to about $3,884,000; or about 24% of the total
estimatau -;|moreat:': ^drges;-.-vfor
bonds mature^ or are
with
RHODE ISLAND
outstanding Jan. I
$439,700,000
nf
THE COMMERCIAL & FINANCIAL CHRONICLE
Nviii^er 45^7"
Volume 165
i0an notes offered for sale
!on Feb, 6,; were, awarded to the
Boston Safe Deposit & Trust Co.,
at
a
notes
discount
are
of
due
0.617%.
on
These
November
3,
1947.
.
,
general appraisal of the
a
pity's
economic
structure
the
analysis.continues: "in addition
tu its ownership pf many cultural*
safety,, recreational and • service
facilities, sight should not be lost
; pf the fact that Philadelphia owns
! the very valuable Broad Street
and
the
Frankford
Railway; it owns its
Subway
Elevated
and sewage facilities; sub* j
ject to an outstanding bond issue,
water
it
owns
and leases the gas facili*
supplying Philadelphia,
it
important dock facilities; it
owns
airport facilities. In other
words, the debt which is outstand¬
ties
owns
ing is covered by many valuable
underlying assets, sopie of which
have been mentioned.
"As of Nov,
debt
bonded
Works
1,
1946, the gross
City
the
on
$23,090,000,
was
less
Rural
Myrtle Beach, S. C.
Bonds
$130,000
Sold—rlt
is
stated
Gas
$3,*
299,090 in the Reserve Fund. Un*»
der the annual rental of $4,200,000
the Gas Works debt will have
been
completely eliminated by
Nov. 1, 1951, a substantial pay¬
ment of principal will be returned
to the city
and thereafter the
yearly rental of $4,200,000 will
again revert to the City of Phila*
delphia. This important revenue
is equal to about 4% of the entire
1947 budget. : / '
(
/
/ •
of and
surrender of
applied any matured coupons, interest
in payment of the bonds due Aug.* ceases on
caiiei 1, 1955 in the total amount of $ 1
De Witt County, County Precinct
454,495/ The; 1955 Legislative As*
N. 4 (P. O, Cuero), Texas
sembly could then, under this
Bonds Voted—At a recent elec¬
plan,- terminate the last of our
tion the voters approved the is¬
Rural Credit Debt by a final ap*
suance of $75,000 road bonds.
proprialion
0 f
approximately
Eagle Pass, Texas
$665,000 available Aug. 1, 1955,
Credit fiasco."
interest
charges,
above
outlined will be considerably re¬
duced through refunding." /
In
presentation
the year 1954-1955, can be
and thus write finis to our
SOUTH CAROLINA
TENNESSEE
that
bonds were pur¬
1947. It therefore seems reason¬ chased recently by R. S. Dickson &
able to assume that greatly low¬ Co., of Charlotte, at a price of
ered
cigarette tax collections for
859
sewerage
,,
Dated March lr 1947,
Denomina¬
tion $1,000.
Principal and interest
payable at the Karnes County Na*
tional Bank, Karnes City.
Rate;
Of: interest tq b0:'4b.Vinnltiples of;
Va or 1%. The City will furnish
the
approving opinion of Chap*
& Cutler, of Chicago, without
cost to the purchaser, The bonds;
will be delivered at the Apaeri*
man
Bonds Voted—The issuance of can National Rank, Austin.
De*
$350,000 bridge revenue bonds is livery can be made on or before ;
said to have been ratified by the March 15 and 25, 1947, respec¬
voters at
Madison Comy (P» O, Jackson),
a
recent election.
tively.
Lamesa, Texas
f 01! O w i h g
Edinburg Consolidated Indep.
Tenn.
Bonds Voted—The
Sch. Dist., Texas
Approved—The County
Tenders Wanted—The Secretary
100.028, a net interest cost of about
Quarterly /Court is said to have of the Board; of Trustees, will re*
3,19
on the bonds divided a§
approved the issuance of $3,359,- ceive sealed tenders until March
follows: $35,000 as 2%s, due from
100 various purpose bonds,
ily for series pf 1938, refunding
Feb. 1; 1949 to. 1953^ the remaining
bonds in an amount or amounts
Nashville, Tenn,
$95,000 as 3V4S, due from Feb, 1,
Bond Sale—The $250,000 water not in excess1 of $30,000 market
1954 to 1965. Pated Feb, 1, 1947,
value. Under the refunding plan
Interest payable F-A. Callable on works of 1945 bonds offered for
the Board
of Trustees has the
or
after Feb. 1, 1952, in inverse sale on Feb. 4—v. 165, p. 588—
order
of
maturity,
at
various were awarded to Harriman Ripley right to reject all offers that it
in
excess
of
market
& Co., Inc., and the Cumberland considers
premiums. Legality approved by
Securities
Corp.,
of
Nashville, value.
Huger Sinkler, of Charleston.
jointly, at a price of 100.019, a net
El Campo Indep. Sch. Dist. (P. O.
interest cost of 1.5489%, as fol¬
SOUTH DAKOTA
El Campo), Texas
lows: For $95,000 maturing June
Bond Sale Details—The Super¬
Brookings, $, Dak.
1, $8,000 in 1950 to 1954; $9,000
intendent of Schools now states
Bond Election—It is reported
in 1955 to 1959; $10,000 in 1960,
that the $250,000 building addition
that an election will probably be as
13/4s, and $155,000 maturing
held on Feb. 20, to have the voters
bonds sold to the syndicate headed
June I, $10,0.00 in 1961 to 1964;
pass on the issuance of $250,000
by the First Southwest Co., of
$11,000 in 1965 to 1969, and $12,electric plant revenue bonds.
Dallas—v. 165, p. 588—were pur¬
000 in 1970 to 1974, at lV2s.
In¬
chased by the said group at a price
terest payable J-D. Dated June 1,
Canton, S. Dak.
of 100.02, a net interest cost of
Denom, $1,000.
Bond Sale Details — The City 1946.:
The next
about 2.43%, on the bonds divided
Auditor
now
highest bidder was the Harris
reports
as follows: $104,000 as 2%s, due
$100,000 sewage disposal system Trust & Savings Bank, Chicago,
in
1948 to
1959; the remaining
bonds sold to the First National and J.; C. Bradford & Co., jointly,
$146,000 as 2V2S, due in 1960 to
Bank of Minneapolis, as 140s, at & for $32,000 3s, and $218,000 iv4s,
1967, all incl.
price of 100.175, as noted here, are at a price of 100.01, a net interest
dated Jan.
1, 1947, and mature cost of about 1.55%.
Harris County (P. O. Houston),
$10,000 from Jan. 1, 1948 to 1957,
Texas
Tennessee (State of)
giving a basis of about 1.
Bonds Voted-*-It is stated by H.
Legislature-Passes Sales and Use
Interest payable J-J.
Tax Measure—A 2% sales and use L. Washburn, County Auditor, that
tax will go into effect June
1, at the election held on Jan, 25, the
.South Dakota (State of)
voters approved the issuance of
Governor Submits Plan for Pay¬ 1947, in Tennessee 'as the result
of final passage of such a measure the following bonds aggregating
Bonds
bonds amounting to $519,000 were
.favorably voted ..at tbe election
held on Feb, 4:
/
,
.
$414,000 water and
bonds.
,
sewer revenue;
£
i
,
50,000, s^eetpaving'bpnds.
25,000 park improvement bonds.
10,000 equipment shed and stor- /
bonds.
age
20,000 fire department improve¬
ment
bonds.
Me/iHen Indep, Sch* Diet, (P. O.
McAllen), Texas
Rond Sale?—The$600,000 school.
,
house
offered
bonds
sale
for
on
Jan. 29—v.
165, p. 263—were pur¬
chased by the Ranson-Davidson
Co., and associates, at a net inter¬
est cost of about 2.86%, according f
to
the Clerk of the Board of
-
Education.
Dated
Feb.
1, 1947.
1,1948 to 1972, incl.
Due from Feb.
Mineola,
,
Texas
Bonds Sold—It is reported that
$185,000 street and sewer bonds
were purchased recently by C. N.
Burt & Co., of Dallas,
Pasadena Indep. Sch. Dist.
(P. O•
Pasadena), Texas
Sale Details—The Super*
Bond
intendent of Schools states that the
$185,000 school bonds sold to the
Columbian
Securities
Corp.
of
ment of Rural Credit Debt—Gov¬
Texas, of San Antonio, at a price
on Jan, 22 by the Tennessee Legis¬
$7,000,000, by a wide margin:
ernor George T. Mickelson, in his
of 100.02—v.
165, p. 732—were
inaugural message to the State lature at the request of Governor $3,500,000 Pasadena and Spillman
as
follows: $105,000
McCord. Under the new measure,
Island
Tunnel
Construction purchased
legislature, outlined a plan for
2s, due from April 10, 1948 to
merchants will make their first
bonds.
speeding liquidation of the State's
1959, and $80,000 as 2Vis, due from
returns to the State treasury in
1,500,000 State
Right - of - Way
"Rural Credit fiasco."
The plan
April 10, 1960 to 1967. Interest
bonds.
includes the optional redemption July. They will be allowed until
payable A-O.
1,080,000 county road bonds.
on Aug. 1, 1954, of about $6,700,- July 21 to send in the taxes they
Pecos County (P. O. Fort Stock¬
920,000 road and bridge bonds.
000 of outstanding bonds sched¬ have epllected. The first $20,QO0»*
000 per year accruing from the
ton), Texas
uled to mature from 1956 to 1959
Bond Sale Details—The $150,000
levy will be distributed* in this Harris County Water Improvement
incl, In discussing the situation^
District No. 2 (P. O.
road bonds sold on Jan. 13—v. 165,
manner:
the Governor remarked as follows:
Houston), Texas
Public education under State
p. 388^-were awarded to the Pecos
"The liquidation of this costly
administration, $14,000,000.
Bond
Election—An
issue
of County State Bank of Fort Stock¬
venture is nearly completed. Un
Distribution to municipal gov* $150,000 water and sewer system ton, as IVis, at a price of par.
der the direction of
the Rural
ernments on the basis of municipal bonds will be submitted to the
i
Credit Board, consisting
of the
Rosenberg, Texas
populations, $2,500,000 (no ear* voters at the election to be held
Governor, as Chairman, the State
Bond Sale Details—The $300,000
on Feb.
15.
marking).
Treasurer, and the Director, such
various purpose bonds, noted in
'
"Philadelphia is a city of divert
have been
pnly its
stable employment in good and
bad times, but which enabled it,
without great; plant expansion, tp
care ^ for ; an | abnormally"
large
sified industries, which
the
backbone
of not
proportion of the late
quirements."
war's re¬
.
.
Springfield Township Sch.Dist. (P,
O# Chestnut Hill, Philadelphia},
h
Pennsylvania
Bond Offering—Walter Sigling,
liquidation will be completely ac¬
Secretary of the Board of Direc¬
complished at the earliest possible
tors, will receive sealed bids until
8 p.m. on Feb. 18, for the purchase time, I assure you. This being the
situation, I direct your attention to
of
$499,000 building and improve¬
ment coupon bonds, Dated March the only part of the venture that
remains for consideration, viz, the
1, 1947, J Denom. $1,000.
These
bonds are due $16,000 Sept. 1, debt.
"After appropriating $3,000,000
1948 to 1972. Bidders to name the
rate of interest in a multiple of for the biennium 1947*1949, the
% of 1 %. The approving opinion balance of the Rural Credit Debt,
of Townsend, Elliott & Munson, of including principal and interest,
Philadelphia, will be furnished will amount to $17,953,396.25 on
the successful bidder. These bonds the basis of the plan herewith sub¬
will
be
delivered
to
the
pur¬
chaser only if and after the pro¬
ceedings authorizing the issuance
thereof have been approved by
the
Department of Internal Af¬
fairs. .A certified check for 2%,
payable to the District Treasurer,
is
required.
;
West Pottsgrove
Township (P. O.
Stowe), Pa.
Bond Offering—Russell P. Yost,
Secretary of Board > of Commis¬
sioners, will receive sealed bids
until 8 p.m. on March 5 for the
PUrchase of $80,000 coupon sewer
bonds. Dated June 1,1947. Denom.
f1,009. Due $4,000
1949 to
on
June I from
1968 inch; optional after
10 years.
Principal and interest
payable at the National Iron Bank,
Pottsiown. A certified cheek for
5L700 is required. Bonds
thorized at- the
were au*
November, 1946,
general election.
PUERTO
RICO
Puerto Riqo Housing Authority
Notes Sold—The Credit y Ahorro Ponceno of Ponce was awarded
on. Jan. 2a an issue pf $368,000
notes (17th series) at an interest
rate of-0.60%.
o:-1*- ^ ^
appropriations to the
State-administered public
Increased
Hereford Indep. Sch. Dist., Texas our issue pf Jan. 13—v. 165, p. 263
Bonds Purchased—-An issue of —were purchased at par by R. A.
programs—aid to the
Underwood & Co., pf Dallas, at
blind, aged and dependent chil¬ $35,000 2%% school bonds author¬
ized at tbe election bold on Nov. 9, differing interest rates and ma¬
dren, $2,000,000.
turities. Denom. $1,000. Dated Jan.
A building fund to be created 1946, was purchased recently by
the First National Bank of Here¬ 1, 1947. Prin. and int. (A-O) pay¬
from the revenue flows, for the
able at the Mercantile National
ford.
construction and maintenance of
Bank, Dallas. Legality approved
State buildings, $1,000,000.
Hutchins, Texas
by Chapman & Cutler, of Chicago,
Collection costs $500,000.
three
welfare
Bonds
TEXAS
Bellaire, Texas
Voted—It is stated
works
Sold—The $20,000 water
and
filtration
bonds
-v
■
Bonds
UTAH
ap¬
proved by the voters last October,
have been
Logan, Utah
Sale—The $300,000
purchased by the Texas
that Bank & Trust Co., of Dallas.
"Estimating
accruals
to
the the voters approved the issuance
Karnes, City, Texas
Rural
Credit Sinking Fund of of the $1,000,000 various civic im¬
Bond Offering — Alvin Salge,
$450,000 annually from % of the provement bonds at the election
City Secretary, will receive sealed
cigarette tax, for a period of five held on Jan. 25.
bids until 10 a.m. on Feb. 11, for
years, or $2,250,000, it will require
Brownsville, Texas
the
purchase of the following
appropriations of $7,888,786.25, or
Bonds Voted -** The following bonds amounting to $220,000, not
approximately $3,630,000 pey bien¬ revenue bonds amounting to $1,- exceeding 3y2% interest:
nium for the period 1949 to 1955
750,000 were voted at the election $160,000 water works and sanitary
to meet the bonds and interest
held on Jan. 18: $1,250,000 light
sewer system revenue bonds.
falling due during this period.
and power system; $400,000 water
Due March 1, as follows: $1,"The bonds contain a provision
works system, and $100,000 sewer
000 in 1948, $2,000 in 1949,
that those maturing after Aug. 1,
system bonds.
$3,000 in 1950 and 1951, $4,1954, may be called for payment
000 in 1952 to 1955, $5,000 in
Brownsville Navigation District,
on that date, or any succeeding in*
1956 to 1959, $6,000 in 1960
Texas
terest date* by the; payment of one
to 1962, $7,000 in 1963 to 1965,
Bond Redemption—Wm. T. Alyear's interest as premium,
In
$8,000 in 1966 to 1968, $9,000
order to make possible the retire¬ dridge, Secretary of the Bpard of
in 1969 to 1971, and $25,000
ment of this debt at the earliest Navigation and Canal Commis¬
in 1973, A certified check for
possible date, I recommend that sioners, has announced that the
$3,200, payable to the City, is
above District calls for redemp¬
$6,000,000 of our general fund
required.
tion on March 1, at par value
balance be set. aside at this time
accrued interest, 60,000 street improvement bonds.
into the Rural Credit Bond and together with
Due March 1, as follows: $1,*
Interest Fund, there to be invested $65,000 principal amount of 1945
000 in 1949 to 1951, $2,000 in
A, refunding bonds Nos.
in safe, interest-bearing securities. series
1952 to 1958, $1,000 in 1959,
This fund should, by July 1, 1954, A65 to A129. On and after March
$2,000 in 1960 to 1963, $3,000
earn approximately $700,000 in in* 1, the District will pay principal
in 1964 to 1966, $4,000 in 1967
terest. Thus, this $6,700,000 will be at the National City Bank of New
arid 1908, $8,000 in 1969 and
available on Aug. 1, 1954 to call York, upon presentation and sur¬
1070, and $5,000 in I97L A
the bonds due in 1956 to 1950 in render of said bonds accompanied
certified check for $1,200,
all
appurtemant
coupons
the principal sum of $6,154,000 and by
payable to the City, is repay
the 'necessary premium of maturing after said date, and the
quired.
•
.irttt
$184,620.The surplus; together interest accrued thereon upon
mitted.
a*
••
Bond
tric
elec¬
revenue
bonds offered for sale on Jan. 31r
were awarded to Boettcher & Co.,
power
of Denver, 2s, at a price of 102,80,
a
basis of about 1.434%. These
bonds
due
are
1957.
to
1948
$30,000
Interest
Feb. 1,
payable
F-A.
Murray City, Utah
Sale Details—The $200,*
Bond
000
improvement bonds
during August as lV2s
water
awarded
732—were sold to
5? Co., of Salt
Lake City, at a price of 101.518, a
basis of
about 1.25%.
Interest
—v.
165,
p.
Edward L. Burton
payable F-A. Dated
Denom. $1,000.
Aug. 1, 1946.
UNITED STATES
New Tax
Adoptions Boost City
Revenues—Urgent need for new
city revenues
to meet
mounting
causing
throughout
the U. S„ with the accent on sales
taxes in California and on amuse¬
ment taxes in cities across the na~
municipal
more
ti0The
tax
expenses
is
adoptions
American
ciation reports
■■m
—-
and
light
Municipal Asso¬
that at least
eight
|| j
THE COMMERCIAL & FINANCIAL CHRONICLE
mo
California cities have adopt¬
taxes in recent
"More
local; sales
ed
•weeks, making a total of 19 cities
in-the state with sales taxes now
New additions to the list
in force.
Ontario and Ventura, with 1%
are
sales
tax; arid Hermoca Beach,
Huntington Park, Oxnard, Santa
Ana, Upland, and Redondo Beach,
with ^ of 1 % sales taxes now in
would
washington
yield some $40,000 annually.
Already in effect in Newport,
Ark., is a new contract under
which the local light and power
company will pay the city 2%
of its annual gross intra-city in¬
February 5
Avenue, Northwest, District
No. 5481 bond, No. 10.
(P. O. Port Angeles), Wash:
Bond Sale—The $285,000 school
bonds pffered for sale on Jan. 31—
Interest
ceases
dates called.
on
prior payment at the
option
City in inverse numerical
on any interest
payment
and after Feb.
of th
orcW
1
date
1, 1952, at the
mr
value thereof and
accrued
plus a premium of
$20
inters
on each
Skagit County, Anacortes Sch. Dist.
$1,000 bond so called. The
No. 13 (P. O. Mount Vernon),
apprOV
ing opinion of Lines,
Angeles, according to the County
Washington
Spooner i
Quarles, of Milwaukee, will
Treasurer. Dated Jan. 1, 1947. Due
ht>
Bond Sale—The $133,000 school
furnished.
on Jan. 1, in 1949 to 1962. Blyth &
\
1
.
e
bonds offered for sale on Feb. 1,
Bond Issuance
Co., was runner-up for the bonds. were awarded to the United States
Pending
The
Common Council is
National Bank of Portland, as 2s,
said to
have
Clallam County, Sequim Sch. Dist.
at a price of 100.37, a basis of approved
amending a charter
No. 323 (P. O. Port Angeles),
ordinance to permit
about
1.915%.
Interest payable
issuance by
Wash.
the city of $200,000
F-A. The next highest bidder was
general liabili,
Bond Sale—The $58,000 school
the National Bank of Commerce, ty bonds, ;
bonds offered for sale on Feb. 6,
Seattle, for 2s, at a price of 100.12.
Village of Tigerton and Towns
were awarded to the First Nation¬
of
p. 558—were awarded to
First National Bank of Port
165,
w
the
utility will continue to
previously
established
its
; On
26th.
Clallam County Sch. Dist. No. 7
The
come.
pay
Monday, February
10,19^
franchise fee.
.
effect.
the
Four States Approve Gas Tax
Proposals—At the recent general
West Coast have been spurred by
election the voters of four States
recent success of the Los
gave their approval to proposals
relating to gasoline taxes. Down
,
Sales; tax
1%
enactments
on
Angeles
produced
than $1 million revenue its
sales
more:
which
tax
first 60 days of operation.
Berke¬
ley, Glendale, San Fernando, and
Santa
Monica
sales
taxes
also
three months.
or
adopted city
past two
within
•'
the
'
;
Several cities have
ment
■
taxes.
In
v
Wisconsin,
in
Texas, the electors overwhelm¬
ingly approved a State constitu¬
amendment restricting to
highway purposes the use of al Bank of Port Angeles. Dated
three-fourths of all net revenues Feb. 1, 1947. Denomination $1,tional
derived from taxes
new amuse¬
Eau
—
on
motor fuels
000.
and lubricants, and motor vehicle
registration fees.
The remaining
These bonds
are
due Feb.
Skagit County, Concrete Sch. Dist*
No. 102 (P. O. Mount Vernon),
1,
Bond
Tigerton )r, Wis.
Offering—The
bowling alleys and coin-operated
Treasurer will receive sealed bids
Beaver
Dam, Wis., has a new
bowling alley receipts, at
tax
on
the
rate
of
1
cent
for each line
bowled.
Miami Springs, Fla., re¬
cently levied a 10% tax on green
fees charged at the municipal
golf
course, located within the city
,
limits.
In
000
;
Chicago,
a
year
an estimated
increased city
$500,reve¬
is
nues
expected following a re¬
cent edict from' the
police com¬
missioner
ordering all pinball
machine operators to Obtain city
licenses costing $50 per machine
Or face confiscation of
their
ma¬
chines,
;
Recent business tax
Include: a Vancouver,
adoptions
Wash.,
or¬
dinance to become effective Jatt.
I, 1947. The ordinance levies a
;$10 annual license; tax on local
businesses plus one-tenth of 1%
•of the annual
gross income above
$10,000. A.
new
London, Ry., or¬
dinance imposes a
$5 license fee
on all autos and
trucks regularly
operated in the city.
Cities Raise Franchise Taxes—
The postwar search for
more city
revenues to cover
pay raises and
■other
.
replacing
follows: $12,000 in 1949, $13,in 1950 to 1952, $14,000 in 1953
to 1956, $15,000 in 1957 to 1959,
fort to halt the tax evasion prac* the Chas. N. Tripp Co., of Port¬
and $16,000 in 1960 to 1962. Prin¬
tices said to have been common land, as 2i/4s, at a price of 100.25,
cipal and interest payable at the
Dated
under the system of tax-exempt a basis of about 2.193%.
County Treasurer's office or at
sales to agricultural and indus¬ Jan. 1, 1947. Denom. $1,000. These
the fiscal agency of the State in
trial users.
Undei* terms of the bonds are due Jan. 1, in 1949 to
New York, City. A certified check
1967. The next highest bidder was
new measure, sale of gasoline tax
for 5% of the amount
bid, is re¬
exempt at the source will stop the State Finance Committee, for
quired.
Jan. 1, 1947, the agricultural and 2y4S, at a price of 100.00. Interest
industrial users will have to ap¬ payable J-J.
Washington Toll Bridge Authority
ply to the State for a refund of
Franklin County, Kahlotus Con¬
(P. O. Olympia), Wash.
tax paid on gasoline used for nonsolidated Sch. Dist. No. S3
Bond Call—It is stated
by J. W.
highway purposes. The result is
Hoover Secretary of the Author¬
'■/$(% O. Pasco), Wash.
expected to be the availability of
Bond Sale Details—The
ity, that various outstanding Lake
$29,250
additional funds for highway con¬
building, bonds awarded recently Washington Toll Bridge Revenue
struction.
bonds selected and determined
to Foster & Marshall, of
by
Portland,
; Arizona voters approved an ini¬
as lM>s, at a price of 100.094—v.
lot, are called for payment on
tiated
measure
gasoline
counties
to
divide
State
tax revenue allotted to
with incorporated mu¬
nicipalities.
This
proposal
was
carried by a narrow margin, ac¬
cording to final unofficial returns.
State
ments
constitutional
amend¬
165,
p.
lows:
1950
to
Said
bonds
will
be
ipal ASsdci&tion.
and to
exempt tractor fuel from
taxation.
In
Milwaukee, the
Bond
Offering-Sealed
Will be received until 11
Feb. 17, by L. A.
West,
vto be
Council approval is
reported
virtualy
foregone conclu-
a
sion but there is a
possibility that
the transit
company will not ac¬
cept it.
)
.
The committee
also*.unanimous¬
ly recommended imposition of
an
abandonment charge for rails left
in
the
streets \ following
the
change-over from
streetcar to
trolley-bus operation. The rec¬
ommendations
■study of fees
made
paid
based on a
and profits
by trackless trolley systems
%-v 17
Chicago
an
were
other
where
abandonment
of track*
cities, 1 including
the
city charges
fee of $1 per foot
ity,
$1,000,000, 26th Series,
New Orleans
Housing Authority,
La.,
at
0.85%; $695,000, 108th
Series, Chicago Housing Author¬
ity, 111., $919,000 Contra Costa
County Housing Authority, Calif.,
$2,080,000, 27th Series, New Or¬
leans Housing
Authority, La., $1,000,000, 10th Series, San Bernar¬
dino County
Housing Authority,
Calif., $796,000, 15th Series, Seat¬
tle
Housing
Authority, Wash.,
notes, at 0.86%, and $501,000
Scranton Housing Authority,
Pa.,
notes, at 0.87% all plus small
pre-
miums.
The Chemical Bank & Trust
Co.,
of New York, and
Associates,
Indianapolis Citizens' Gas
000,000,
Coke
Utility, meanwhile, Is Housing
were
Offering Pending—It is
reported that the $400,000
now
school
construction
bonds
ap¬
proved by the voters last year, will
be offered for sale in the near
future. * ■ '
t1—■
bonds
No. 409 (P. O. Seattle), Wash.
B2nd .Sale—The $81,000 school
bonds offered for sale
on
Feb. 4
^v'l65i p* 588—were awarded'to
the
National Bank of Commerce,
?£n?«attle' as 2s' at
and
National
Wisconsin
>
Bond
bidder
Co.,
was
the Pacific Northwest
and, Bramhall
&
to
0.80^; $640,000 Richmond Hous¬
been ing Authority, Calif., notes, at
$70,000 respectively.
0.83%; $526,000 Clackamas County
electrlc utility in Winona Housing Authority, Ore., $659,000
MS nnhl!5u.S®ents have
590,000 and
fice"
On
No
syndicate composed of the Stock
Growers National
Bank, of Chey¬
Coughlin & Co., and the
Casper National Bank, of Casper,
as
1.65s, at a price of 100.01, a
enne,
basis
of
about
1.648%,
Interest
payable M-S.
Converse County
(P. O. Douglas),
Wyoming
Casper, at a price of par. Interest
payable F-A. Dated Feb. 1, 1947.
Denom. $1,000. These bonds are
due Feb. 1, in 1948 and 1949;
Freemont County (P. O.
Lander), Wyo.
Bond
000
Sale
Details-^The $110,*
memorial
awarded
on
National
Bank
p.
hospital
Jan.
263—were
8, to
of
sold
bonds
the First
Cody—-v. 165,
as
iy4S, at
•
price of 100.09, a basis of about
1.23 %. Interest payable
J-J#,
Beloit, Wis. :
of
I
CANADA
<
Canada (Dominion of)
future the
near
the
0.399%.
$1,600,000 school bonds.
al5° reports that the
voters
been
in
April,
cancelled
in
1941,
favor
have
of
the
bills
are
Dated Feb. 7, 1947.
due May 9, 1947.
These
larger issue,
ontario
Clintonville, Wis.
Bond Sale—The $40,000
.
bonds
Feb.
4—v.
awarded
of
oi
offered
165,
to
the
for
public
sale
on
588—were
Northern Trust
p.
ion 9fi7hlQClg°'.aslyis' at
100.267, a basis of about a
price
1.209%.
uanj
'
1947* Denom. $1,000.
fhi:ASeAb01]?s are due $5>°00 July
1?50 to 1957.
bidder
was
1,
The next highest
the Milwaukee Co., for
iy4S, at a price of 100.165.
Toronto, Ont.
Debentures Purchased—Various
issues of debentures amounting to
$8,931,000
ly
by
were
the
purchased recent¬
Securities
Dominion
Corp., Ltd., of Toronto, and Asso¬
ciates, at a price of 101.568, at a
net interest cost of
approximately
2.38%, for 2s, 2V4s, 2y2s, and 28/4s.
These debentures are due Feb. 15,
1948 to 1972.
Lone Rock, Wis.
Bonds Authorized—The
Village
is
said to have
passed an
oard
of
TAnnCnnCalli^g for the issuance
water works system
bond
Madison, Wis.
*
W
quebec
Montreal, Que.
.Bond Issuance Authorized—The
City Council has approved a by¬
law
authorizing the Executive
Committee to issue bonds totaling
at interest rates of
iy4 to 3%, partly in United
States
currency
and partly
Bareis, $109,759,000
nrlF bids until 10 a.m. on
oral kj' ^Y1,1 receive sealed and
from
r^e,»se ofcoupon
exceed 3 % interest $40°.000
Canadian
Feb. 13
February 1
a
$550,000 school bonds approved by
price
Island Drive, et al„ District
5607 bonds. Nos. 1 to 24.
WYOMING
Big Horn County Sch. Dist. No. !
(P.O. Byron), Wyo.
Bonds Sold—An issue of
$100,000 building bonds offered for
sale
on Oct. 5, 1946, was
purchased by
Bills Sold—An issue of $75,000,"
000 treasury bills was sold on
Feb. 6,, at an average yield of
Seattle,
f°r payment at his
1,1947.
bonds are
due April 1, in 1948 to 1966.
The
next highest bidder
was
Harley,
Hayden & Co., for l%s, at a
price
of 100.333.
Issuance
discuss in the
issuance
106th
for 2s' at
about 1.552%. Dated Feb.
Denom. $1,000.
These
Pending—It is
stated by A. D. Telfer,
City Man¬
ager, that the City Council expects
a Price of
100.17, a basis of about 1.962%
Dated Feb. 1, 1947. Denom.
$1,000.
These bonds are due Feb. 1
in
1949 to 1967.
The next highest
(
Jan. 23
on
™er? awarded to the
bath
u
on
3—v.
v
165,,; p; 588—were
Paine, Webber, Jack¬
son &
Curtis, of Chicago, as
l3/4s,
at a price of
101.924, a basis of
Bond Sale—The $140,000 school
bonds offered for sale
King County, Tacoma Sch. Dist.
Series,
Chicago
Authority, 111., notes, at of 100.09
a
?nfo^?-ringA°^ake first Payments 0.86%, and $1,136,000 Hawaii
Seattle Local Improvement
^24°,°00 to the city in Housing Authority, notes, at
lieu of taxes.
Climaxing a long 0.90%.
Districts, Wash*
controversy, the company's board
Bonds
Called—H.
The Bessemer Trust Co., of Jer¬
L. Collier,
of directors
agreed to an
annual
Ti-easurer, has announced
sey City, was the successful bidder
allotment of
$140,000 to the city for
that
the
following bonds have
$776,000, 103rd Series, Chicago
general fund and
$100,000 to the
Housing Authority, 111., notes, at
,school fund.
of"
Heretofore
inr?ie
said
Yakima County Sch. Dist. No. 202
(P. O. Yakima), Wash.
on
County
Bond
111.,
the successful bidders for the
$4,-
and
of
therSo^3^6 coupons aPPertaining
bids
a.m.
Feb.
awarded to
&
Bank of
temporary loan notes offered for nually. Due in from 2 to 20
Commerce, and the Paci¬
years
fic Northwest Co., both of
sale on Jan. 28-^-v,
Seattle,
165, p. 588-^a alter date of issue, redeemable at
block of $14,991,000 Was awarded
a price of 100.21,
any time after five years from jointly Ss ^
to Salomon' Bros.-Tx
Hutzler, of
$200,*
000.
Trust
presentation
County, Ephrata Sch. Dist.
Ephrata), Wash.
No. IBS (P. O.
ing
Savings Bank,
Bond Sale Details—The $20,000
Seattle, or at the option of the memorial hospital bonds awarded
holder
at the Chemical; Bank & as
3/4s—v. 165, p. 263—were sold
Trust Co., New York
City, upon to the Casper National Bank, of
J-J.
u\e °ftuSUZ- Prin' and int- Pay¬
public utili¬ New York, divided as follows: able at the County Treasurer's of¬
ties committee of the
city council $4,000,000 112th Series, Chicago fice. A certified*check for
5%
lacently
recomiriended
an
in? Housing Authority, 111., notes at must accompany the bid.
crease in' the annual
0.83%; $2,000,000, 111th
mileage fee
Series,
for. trolley-buses from
Grays Harbor County, Aberdeen
$312.50 to Chicago Housing Authority, 111.,
Sch. Dist. (P. O.
$900. The increase would
Montesano),
notes, at 0.84%; $2,000,000, 110th
boost
city revenues an estimated
Washington
Series, Chicago Housing Author¬
•
Seattle
optional
3
years from date. Net income basis
of about 1.465%. Interest
payable
Grant
Sale—The $65,000
build¬
bonds offered for sale
1.
Payment of principal,
interest and premium of and
upon
the bonds, will be made
at the
were
approved in Lousiana
to apply a one-cent State gasoline
tax to Federal Government
pur¬
chases of less than 6,000
gallons,
as
March
1951, and $8,000 in 1952.
Federal Public Housing Authority
JorKennnrerL ^bonds. P^hase Of
the
municipal exLocal Units Award Temporary $85,000 school
Interest rate
^nseahas brought many^cities to Loan Notes—Of the
$32,373,000 is not to exceed 4%, payable an¬
enact; or consider
chise fees leviOd Oil utilities
ac¬
cording to the American Munic¬
1,
262—mature Jan. 1, as fol¬
$7,250 in 1949, $7,000 in
mounting
increased fran¬
March 1, 1947. Denomination $1,000. These bonds are due March
No. 118 (P. O. Kelso), Wash.
that State's
Bond Sale—The $25,000 school
gasoline tax exemption law with
bonds offered for sale on Feb. 1—
a gasoline tax refund system. The
v.
165, p. 588—were awarded to
proposal was sponsored in an ef¬
measure
'
Bond
County
recently adopted a license pne-fourth^is dedicated Ao < school
until' 11 a.m."on Feb.* I5j for the
bidder was the State.
tax ordinance applyirig f td thea¬ purposes;
purchase of $200,000 school bonds,
Carried by a wide margin in
ters, skating, rinks, pool Jialls,
Cowlitz County, Carrolls Sch. Dist. not exceeding 3% interest. Dated
North Dakota was an initiated
amusement devices.
Morris, Union Free
Sch. Joint Dist. No. 1
(P. O.
Wash.
follows: $2,000 in 1949 and 1950,
$3,000 in 1951 to 1964, and $4,000
in (1965 to 1967. The next highest
as
Claire
Fairbanks and
not to
parking
the
loan
h}
currency.
Proceeds of
will be used to redeem
®yst,^revenue bonds. Dated Feb. bonds now outstanding in Canada
Authority, Alley Blocks, 3 and 4, Niesz' of
tp' a II' D^n,om- $^000. Interest and the United States totaling
.V,
on gross earnings Ark., $214,000 Providence Housing
West Seattle, District No, 56J2
city. The proposal
nnn :
as follows: $20,Authority, R. I., $381,000, 10th
was
$104,841,713.
™®d.®
bond, No. 1.
city officials were Series, Richmond Redevelopment
tn
1Qnp;^ ^i°n1951' 1956 to
to 1955, $30,000 in $25'000 in 1952
Of the new issue $77,811,000 will
I960,
«enng another plan recom- and Housing Authority, Va.,
$613,On February 3
and $35,000 in
1961
and
1962! be payable in .United States cur-,
000, 14th Series, Seattle Housing 35th.,
the.
ownership of
Avenue, West, et al., District Bonds maturing on and after Feb.
utility.* -The suggested, ^tax
rency and offered on the New
Autkqr|ty,
■11
Ro. 556? bonds,iNos.. 48 to 57
^
1,1952, shall be subject to caU and York.market; \\ 21
e|Ceivly ProPosed that
iSSilS?81:
it
Fort
v»wv>
Smith
A
Housing
11U
■
.a*;**
?
r«
ft v;
?
(
i
f'."
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ifsf rriiT ,1
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