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BUS. ADM.
LIBRARY
Chronicle
Financial
Reg. u. s. Pat. Office
Volume- 163
New York, N.
Number 4463
General
RAILROAD
Aircraft Corp.
below.*,
Estimated Sales and Unfilled War Contracts—^
The
corporation reports to the Securities and
that
sales
and
that
in
-
the
unfilled
$772,495;—V.
163,
last
quarter
305.
Adams Express C
A
for
1945
at
.
were
the
end
Exchange
estimated
of
INSURANCE
-
1945
at
$5,981,335
to
amounted
1945,
year
'
Allied Stores
Jack
formerly
Delehanty,
War
the
of
rinance
become Vice-President in
announced
was
on
director
of
radio
press;
and
The corporation has filed with
covering 257,840 common shares,
4.—rV.
lol, p.
Shares Exchanged— f
common
the
SEC
:
•
;
'
^
5
statement
registration
a
to be offered for subscript.on
to
holders of outstanding common stock at the rate of one new snare for
each seven shares held. Proceeds are expected to be used for acquisition
advertising
Dlvisioty of
the
Treasury
Department,
has
charge of general and commercial advertising,
Feb.
Corp.—Registers With SEC—
7
of
additional
tomers'
>'
1305.
stores,
improvement
\
accounts.
Lehman
Brothers
\i
will
7
of. properties
financing
and
cus¬
ox
"
.
head
which will pur¬
chase the stock not subscribed for by the common stockholders.
It is
expected that the offering will be made on or about Feb, 26 ar.d will
remain open about 14 days.
The price will be determined prior to the
offering, but will be substantially below the market price, tne com¬
pany announced.—V. 162, p. 3186. "
7.^7 7'
,
V:-
,
total of 151,788 shares of
stock of American
Copy
a
MISCELLANEOUS
-
$1,-
,
Albert Frank-Guenther Law, lnc,~New Vice-Pres.^
'
Commission
it
,
common
293,212 sbarea
of
contracts
war
p.
INDUSTRIAL
-
acccleration of amortization of emergency facilities,
082,200 and year 1944, $1,815,639.--V; 163, p. 64$. <
ACF-Brill Motors Co.—New Control.—
$ee Consolidated Vultee
Price 60 Cents
Corporation and Investment News
PUBLIC UTILITY
-
Y., Monday, February 11, 1946
t
stock was issued in exchange
and
International Corp. common stock
underwriting
an
group
,
have been removed irom registration.—V. 162, p. 3065.
Alton RR.—Earnings—"7"
.
Stock and Bond Quotations
December—
Gross
New York
(Stocks)
Stock Exchange
...
Gross
Stock Exchange
Chicago Stock Exchange
Cincinnati Stock Exchange
........
Stock
-
37,177,317 -31.712,090
38,255,983
have
been
filed
to
the
hearing,
set lor
in
Feb.. 19'
plan
.
of
Judge
Federal
Barnes
court
to
objections
163.
to
the
merger
plan,
will . be held as scheduled.
65.7''■ 7 77 :-"7
p.:
J
.
v
American Car & Foundry Co.—Sells ACF-Brill In¬
vestment—Proceeds Added to Working Capital—
rfl__
Exchange
Curb
Charles
;.v
Exchange
Stock
Toronto
1
35,512,783
reorganisation of the
providing for consolidation with Gulf, Mobile & Ohio RR.
court
A
—V.
_
St. Louis Stock Exchange
Montreal
$3,146,265
l,24o,893
260,6347;.':
Objections Filed Against Merger—
hear
Exchange
Pittsburgh Stock Exchange
Stock
<* r
,
railway—_
objections
Alton
Philadelphia Stock Exchange
Montreal
from
No
'
;
Stock Exchange
Angeles
$3,100,235
146,336
from
No
_I
Detroit Stock Exchange
Los
1942
lailway—5,718,293
12,812,264
14,002,722
11,956,218
Net ry. oper. income,....,; ; 2.563,814 7 4,460,904
3,782,283 *
3,654,310
"De.iciw
"77' '' 7' V ,/7t'7':7:i.
—
Boston
Cleveland
from
Net
Stock Exchange
■
1943
1944
1945
,
iy. oper.
7' From January 1—• '
(Bonds)
New York Curb Exchange
Baltimore
•
■
railway____
$2,090,363 = $3,373,117
railway—*3,622,961 7 1,127,764
Income—
f959,117
499,358
Net
Net
New York Stock Exchange
t"
from
J.
Chairman,
Hardy,
commenting
upon
the
sale,
concluded
7 oh Feb.-1, to Consolidated Vultee Aircraft Corp/ of substantially
V ail of its interest in ACF-Brill Motors Co., said that the transaction
Exchange
Toronto Stock Exchange—Curb
_u__
in
was one
.
Section
Over-ihe-Counter Markets
favorable
7
v
Transactions New York Stock Exchange
already
Go.,
.
Transactions New York Curb Exchange
Stock and Bond Averages^_;.7--4fX-
is
the, ordinary
another
of
company.
of business, i. e., the conversion, on
his
company's
investment
in
the
As a result of this transaction the
of American Car & Foundry
announcement. added.7 "More
Hardy's organization, by divesting itself of control
with
the 'drag' on
its time and attention necessarily
strong working capital position
still1, further! strengthened.
The
importantly
7 of
course
cash1 of
into
terms,
securities
Mr.
ACF-Brill
by that control, is in position to concentrate more intensively'
meeting the demands upon it for the making of equipment for
7 rail transportation—demands already heavy, particularly for pas.enger-:
';. and sleeping; oars for domestic use, and apt to be no less heavy forinvolved
7
Miscellaneous Features
on
time
some
773
State and City Bond Oferings and Sales____ 824
Redemption Calls & Sinking Fund Notices* 815
Dividends Declared and Payable__—816
The Course of Bank Clearings—814
Foreign Exchange Rates-*7* * *._;v -:r - -7-815
General Corporation and Investment News-
-
ACF-Brill
ACF-Brill
Banks____-,i«-——-—. 815
Ce^dUion. Statement of Member Banks of
Federal Reserve
Of
-
with
SEC a few
The
U. S.
'
...
Supreme Court has refused to review
lower court ruling;
a
in the hands of receivers.
7 7
7 ^
,
- .v
- several
df Its individual officers and trustees
complained that the receivership was. unnecessary because the Trust.,
was
not in default on any of its obligations.
They appeared, after
the First Circuit Court of Appeals upheld a ruling by the U. 3. Dis¬
trict Court at Boston ordering the Trust into receivership and bar-;
ring the officials, except one, from serving in • the capacity of trus-,
placing the Trust
7 The
Net
income
Dividends
oir
preferred
stock.
Su¬
/1"
\
-
by
Refused
Trust—Review
Investment
Court—
tees
company
officers.
or
.
7,
court
-
?
<•■
>
acted
in
suit
a
,av.j•.* i-y.V-.f
-
brought
'The
directors
common
and July
cents;
have
stock,
March
record
•;,-.v
".* ••••* '
15.
2,
declared
Payments
Oct.
a
dividend of
value,
par
no
in
payable
JS45,-.were
and Dec." .26,
1
,
».*•
i!
company
1,
1950
warrants
and
$15 per
at
registered
were
transaction,
below. 1
the
announces
receipt
of; the
following
orders
for
•'. Huntington, W. Vai, and Madison; 111.* plants.-—V^ 163, p. 305.
American Home: Products Corp.—Unit Expands—
7ft W. Roden, President of Amer'can Home Foods. Inc., a subsid'ary,
on Feb. 3 announced the
acquisition by his company of Chef Boy-ArDee
Quality
25 cents per share
April
1
to holders
follows:
as
cents each.—'V.
15
officers'
J.
of
are
Mr,
Fitzpatriek,
45
NASSAU
Security
STREET.
Roden, as Chairman of the executive committe, E.
Vice-President of American Home Foods, as Chairman
A. Colombi, Excecutive Vice-President; Maurice E.
Reiner;;.: Vice-President;
Secretary,
d rectors
of
Carnes,
Chairman,
REctor 2-3600
.•
:
C,
Smith, ; Treasurer,, : End iCharles ;R.;
Unit; in'.-.addition/''to'■'•vMr. Roden- and Mf;
G. Brush, Walter Silbersack, and Herbert
new
Alvin
President and Treasurer, respectively, of American
Paul Boiardi will also continue as a director.—V.
Products Corp.
Home
163, p.
185.
'
,
/
NEW YORK
STOCKS, INC.
.
INVESTMENT FUND
'
;
Dealers' Association
NEW YORK 5
EnternriseGfll*
.
PROSPECTUS ON REQUEST
,
.'->7
■»
Philadelphia Telephone
V_
Roy
-.
the
HUGH
W.
'' BeM Teletype
flew V*rh I -RV<
LONG and COMPANY
INCORPORATED
r
,
V,
48 WALL STREET
...
634 SO. SPRING ST.
NEW YORK 5
LOS ANGELES i4
'
Telephone
packaged-
'
INCORPORATED
Members. New' York
manufacturers of
Carl
Flizpatrlck," include
of
April 2, 25,
163, p. 6L'.
Kobbe, Gearhart & Company
«
a
board;
the
The
on
Milton,-Pa.,
umners," ravioli
American
''. i DIVERSIFIED
INDUSTRIALS
-
Inc.r of
Foods,
and sauces, in exchange for 57,000 shares
Home. Products Corp., stock worth aprokimately $6,000,000 at current-' market value,,;
•, .* '
^ «•,f
Hector Boiardi will remain as President of Chef Boy-Ar-Dee, Other
of
RAILS
■
->
These
Receives Additional Orders for Equipment—
Anbaugh,
<.
Distributed—
ELECTRONICS
-
Jan.
to
is understood that no offering was
freight car equipment: Gulf, Mobile & Ohio RR.-^-SO 70-ton coveredH
hopper cars; Columbus & Greenville Ry. Co.—50 50-ton all steel flat
bottom*:gondola-cars;- and Godfrey L. Cabot. Inc.—20 50-ton steel
7 covered hopper Oars. The latter., are to be used for-the transportation
of carbon b'ack. The cars will ,be built
at: the ACF Berw.ch, Pa.,-
spaghetci
•-
.
SEC under
by the
Allied Laboratories, Inc.—?25-Cent
the'
1955.
„
.
'
prior
Consolidated Vultee Aircraft Corp.
also under
,
..f/S't '.y.'U^'
1,
and
-
the In¬
vestment Company Act.
The SEC charged the defendant "officials with
"gross misconduct and gross abuse of trust."
>; !
A
The Supreme
Court decision now paves the way for Edward F.V
Goode and Edward O. Proctor, receivers for the Trust, to go forward
with, the order of Judge Sweeney in Federal District Court at Boston
to;, either reorganize or liquidate the Trust.—V. 162, p. 3065.
i
lower
The
V
Jan.
concluded on
7 I Sec
The
Aldred
share
per
until
months, ago but it
pursuant to such registration—which, in view of the
Feb. 1, will probably be withdrawn.
made
Sales._————— 815
•
preme
$12.50
at
thereafter
share
815
System^
Foundry Co. itself and a
American Car
Motors? Co.,
wholly-owned subsidiary, held as of recent date approximately 46%
of
the
voting control of ACF-Brill and owned also stock purchase
warrants of ACF-Brill, entitling the owners to buy common -stock of
-
7 Reserve
Auction
and director of ACF-BrillCo.,7a wholly owned sub¬
said com¬
Co.
•"
ACF-Brill as also have such other officers of
panies' directly associated with American Car & Foundry
sidiary;: of
Federal
Statement of
Condition
Combined
come."
to.
Mi',' Hardy has resigned ' as an officer
Motors' Co. and of Hall-Scctt Motor Car
K?
:
American Metal Co., Ltd.—Declares Dividends—
directors on Jan. 31 declared a dividend of 25 cents Per
additional
stock,
capital
Feb
like
A
21
and
*hnrp
a
Divisions.
European,
-
•
.
'
'
.
•
"
.
ments
. ;
Offering-
railway—"126,973
income—.,
*61,728
Net
from
Net
ry.. oper.
-
railway
from
Gross
Net
ry.
,
income
oper.
163, p.
•Deficit.—V.
1,385,094
1,302,722
&
Federal
;
-
taxes
Other
74,283
'
taxes
come
78,026
Prop/retire, res. approp.
Net
for
of
lease
•Fied.
966,799'
$5,030,951
2,675
160,133
$206,079
$281,482
$2,729,115
78,125
78,125
937,501
1,441,618
2,548
1,982
Cr7,183
Cr3,971
mortgage bonds
int. and deducts.
Other
:
construe.
to
chgd.
Int.
income
Net
$2,079,344
301,000
608,609
163,
$919,688
V
•
$560,805
.
_
•
8,00,000,
cost
charges,
of
1C4
V.
163,
p.
Feb.
after
Cr2;403
the
on
hand,
on
$1,218,831;,. u.
due
May
1975,
1,
.v
..
1,263,610
$1,468,900
trustee,
38 So,
Chase National Bank of the
York, N. Y.—V. 163, p. 186.
The
New
Aroostook
of Chicago,
on
March
4,
1946,
a'.l
s.
.
-
of
York,
New
Baltimore &
;
';•/■;■•>•;
Valley RR.—Tenders Sought—
9487148
T2i564ii
4311317
b rmtiq
4,311,317
11 mnnsft-
7 rw fi'ji.
J 7??'?6r 'i nod'iS'
5.712.351 4,094.199
6,828,739
'
'
66
p
.
1Q44
MlJ,bi9
1044
$780,334
raUway_^__
from
$771,152
1Q49
1Q40
$1,072,750
•
$1,041,530
17,669,430 .19,561,182: 19,766,661 21,473,38^.
*2,932,775
;
4,261,714 % 4,115,443
3,381.684
*■
2,600,905
■7,434,115
3,^635,912
>
-
^
Bigelow-Sanford Carpet Co.—Promotion—
^ount
voting
on
"tllin
tiPl*
VP
of
ac/.
fall*
•
Rqn/l'i
^ailS D /o BOndS-
p
equal the pnnc.pal
7
..
"
The directors on-Feb, l.voted to present to stockholders for their
approval
proposal to authorize an. increase, in thei corporation'si
capitalization by the addition of 250,000 shares of non-convertibla
cumulative preferred stock of the par value of $100 per share, o£
which 200,000 shares would upon authorization be olfered to the
•«.
a
A special meeting of stockholders will be called for April t
the proposal.
public.
to vote upon
*
' O. S. Davis, President, said; "The object of the proposed sale of- preferred shares is to provide additional capital funds in the approximate amount of $20,000,000 to be used for the modernization and ex-
.
pansion of the corporation's plants and manufacturing facilities,
"This move by the corporation is the result of a long and intensive;
study, initiated in 1943, of postwar opportunities and needs.
The
expenditures to increase the are expected to provide opportunity for/
contemplated
lower costs,
capacity
for
the manufacture
of new
prod-
im-
products,
provide
prove
working conditions in the corporation's plants and to preserve
a sound
facilities
for production of existing
ucts,
working capital condition.
'
^
^
nronosal
• a
efjectiveilwith.":-:provided from existing re-
hy
redemption
f9"® • 55®;th! «mnmff
;
•
nnL
■
stock
V
*
I;
Ohio. RR.—Notes Authorized—
:
.
.
cnmmori
KhRris i_v
eluded only commo t shares.
.
;.
authorized'
;
nnn
v*10 RniQUil'•:';$3,0OOjOOO'/JpRI Value Which, in 1930 WRcr
lncreased te ^ total of ,$4)cc6,000 pat value. The redemption 'of this-
com-'
•
w"...
.*
The prooosil
will be entitled to vote.
;
157
•
Borg-Warncr Corp.—Plans New Preferred Issue—
Treasury
of $110 per share by Aug. i, 19oi, ana
vsv;;;
^n^—y
said
-
•©
'■
&
i ri
n
p
B47
V. 1C3, p. 647.
*»»
Tj„
j
^
a
"
.
j
■
a
,
.
Maine RR.-—Bonds Offered—Aw .•■■under—■
syndicate headed jointly by Morgan Stanley
and
Dick & Merle-Smith on Feb. 8 reoffered at 103 $18,000,000 first mortgage 4% bonds series
writing
&
Co.
icc
Jan.. 21'
on
Jv SSf® ii
T
au,5
"
;
1942
the company to issue at par.-'not .
exceeding $1,200,000 of nromissorv- notes. e*rte3 J, in furt^r evidence,;;
r„]v i
iqfjft
Thp bond* do not renresent a new
but not
in payment,; of the
unpaid portion of the purchase pric^'/!n,
of certain equipment to be acquired under a conditional-sale agreement,
issue, but: were bought by the underwriters from ch&
The report of the commission states:
:
I v •
^
r
• f
Reconstruction Finance Corporation. Underwriters assoThe applicant sent invitations to 67 banks, trust companies,
and
P;atpd in thp offprine are Blvth & Co
Inc ' Kidder Pea^The
11
3*7 912
128,255
1-
'Boston
'
$725,11»
753 907
484,435
1944
,
$Ui53,657;
must be annroved^^ by holders of -three-fourths of the preferred
and a majority of the common'stock.—v. 163, p, 647.
of
1943
$1,313,240
581,367
133,130
1945
iVianuiaciBrillg CO.
operations,'
present conversion privilege at the rate of IV, shares of.
for each share of preferred will remain unchanged.
Dearborn St., Chicago,
City
163
$1,040,760
131,606
7,471
Rink^i ^snufsrtiiriiiV' fe
>-
■
•
stock
debentures
$710,267
r&ilwav
from
Jprd,710
•
*
of.
purpose
record Feb.-26
.
;"teclinical-"i:€iIrec'tof./;a.cc.orc[iiig:;'.-to.'.aii;::'Announcemenfc.
and
DTirP
s
H,r- A. Reinhardt, acting, technical' director since' 1944,. has heen
share each
Stockholders of
(subordinated),'
Payment will be made at The
income
the
'
*»_
He succeeds-James Neal Dow," who has resigned to become
associate director oftthe Deeding, . Milliken Re^farch Trusty Princeton,"!
1163, p. 307.
'V i,"
.v;,•".•..>* Ji
1
rpdemofcinn
thereafter
Debentures—
redemption
at 104 and interest.
Bank
First National
for
for
^
r
.
and deferred
prepayments
the.
trt
VGRiF
The
cumu!af've
4%%'
outstand'ng
or at
Broad St.,
National
redemption price
the issue is March 4,—
mon
has .called
company
the
111.,
Chase
or
().
Net^ ry. opefe Income^-■ ? 1,803,270
j
19
..
; company.
preferred;dividend;rate to 4% from > 5%
the ,dividend payable Nov.
1, 1946, and to change the
price of $110 per share to a scale of redemption
Aug. 1, 1946, at -$115 per share and decreasing $1 per
entitled td present
full
.
.
j
March
timp
33.l»i9
64,937
,
$2,173,818; other assets, $53,952;
$104,716; total, $10,426,168.
for
reduce
^'^44;:,
.186.
Armour & Co. (111.)—Calls 4 V2 %
The
called
Planed
".••• 'The: company has called for redemption;on MaTCh-1, .next) ell
173,$1$ *
'
113,250, - of its outstanding first mortage: convertible:5%»i i5ryear*ib0ndsvdue»|l
; i. ,r: ;
sept, 1, 1951, at -102 end interest. -Payment wAt be '-made at the
i '
City National Bank & Trust'Co.,' trustee, 208'-So. La Salle St./"
$2,339,629 $1,728,107. $1,315,474
Chicago, 111.
•
,
$1.21
<
$1,01
$1201
- Each bond is convertible at any time on or-before the redemptioa
395,338
and
thp
ti
Gross from railway-^.
Net, from railway^-,—.-.
;.
Cr27,678 '
71.096
______
banks
commission of
a
in
ww"
eiapsea XllT.e
There were. 126 purchases b.V :
trom railwayfc_v^- "•«!,«J,*737.P0T)*!>iK033)
tlncludek;-
in
rv>o/4,>
*6\
Frnm Jan. 1—
$205,29p
:
$1,818,525
Dr61.785
/nar
'
noMmtar-.
435,000;
.
2,045,22?.' T1,50Q,238
$2,606,027
ctnr>lr
Bessemer & Lake Erie RR,—Earnings—=.
Qross
$180,872; other accrued liabilities, $167,631; capital stock ($1
$4,481,215; earned surplus (including undistributed earnings cf
Canadian
subsidiary adjusted to U. S. dollar equivalent—$225,488),
'
4
^
t
payable—bank,
$250,000;
accounts
payable,
$265,022; dividend payable Feb. 1, 1946. $131,780; estimated Federal
income
taxes,
$2,083,780;
accrued
taxes,
including
social
security
$30,000,000 of 4^2% debentures now,
to receive,
and interest to March 4. The date
York
New
1fi2
•
—v
postwar; excess -profits tax refund, $264,003; investment in.
company,
$516,965;
plant,
property,
equipment,
etc.,
at,
(after depreciation), $2,509,901; timberlands (after de-
„
Holderc of the present 4 Vs % debentures will be
to either the F;rst National Bank, Chicago
Bank,
-
Stock J par $5) Was made
,
comnlpfpH
^
from
of
them
of
'
,
.
.
share, with
per
,
;jetYwm railv^
(
■.
E
at $24%
rp,
From Jan
lower
or
sold
-
war
BCftlimOIlt Sour Lake & Western Ry»—Earnings—
,: _
f; LIABILITIES—Note
$25,000,000 Debentures Privately
outstanding.
1.
December—
Gross from railway
from railway
^
Net ry. oper, income—..
taxes,
to redeem a total of
ioq iTe
York Stock Exchange Feb. 4 by Goldman,
'a.
$2,865,869; total, $10,426,168.—V. 163, p. ■ 646.
'
•
$25,000,000 1%% 25-year debentures has
privately by the company to a group of in¬
'
t*
I
J.*
-»
£
Atlas Powder ..C©,—Proposes Reduction Of Preferred
surance companies, it
was announced Feb. 1.
The de¬
'
bentures are cumulative income
(subordinated) type/ / Dividend to 4%—
A special meeting of preferred and common stockholders has been
Proceeds from the sale will be used with treasury cash
issue
*i
provision
monthly
,
«
par),
been
sharp* nf rnnitnl
,
/'
*>
*
,13,217;
_:] ' i
.
$318,236
1
2,761,458
—
.
CXJNSOLIDATED BALANCE SHEET, DEC. 31; 1945
$471,387;
"
An
a*r
'S138.043 ,$1,458,456 $1,109,176
f
Bates Manufacturing Co.—New Director—
37,166
postwar
"
186.
Armour & Co.—Sells
~$i
904,418 •
Raymond Rubicam co-founder and recently retired Chairman of the
New York advertising agency of Young & Rubicam, Inc., of which he
is 5till a director, has been elected a member of the board of directors
of the Bates Manufacturing Co.—V. 162, p. 3187.
$616,3411
"
-•*
$3,253,799
ASSETS—Cash
$1,327,735
___
p.
4^450
839,854
43 firms; 1,000 Was the largest trade: 10 the smallest.
~T~.
224,08^;
597/
,
50.697
notes, $500,000; notes and accounts receivable,, less reserves,
inventories, $1,458,937; advances on logging and lumber
$1,936,344
608,609
.
.
$1,079,479
1,400,000
period _________ t$2,365,868
per
com.-share
.
$0.94
pletion),
fcl,528,297
$119,589
«12r n43
,1
«0
•
143,000
,
$192,346
.Balance:
-V.
$1,829,297
--'*
-
■
affiliated
surplus
.'
begin.
at
.
^iva^n
Cr29,760
applic. to preferred stocks for period
Balance
Dividends
:
■
-
73,432 •'
,
650,000
surplus
•After
26,840 Crl,382,457
13.000 >
13,000
income
20 ftPO
.
refund;
1944; $150,000;, 1943, $80,000.
undistributed earnings of Canadian subsidiary;adjusted to U. S. dollar
34,708
Cr64,S23
$205,346
$132,589
—
-
of
reservations of n%t
Misc.
*
Earns,
i $2,568,982: $4,838,951
•
75.131
? ?
Of One hour, 2o minutes.
1942 •;
$947,360:
fig072-
'
$1,903,082
y
Earned surplus at end
$4,873,659
on
excess
^Common dividend
192,000
2,418
■
-
Int.
&
:
Surplus adjust. (net)^_
Preferred dividend
•:••
<
189,000
69,843
$2 060 044
The netofincome of $139,481above,December and $1,458,456been
for wculd therefore have for
194.5, as shown
,
■
,
$1,190,049. $i;976,563 . $1,130,17$^
42,709
'
' 15.75J.11,889
^
1,005,221
$2,757,982.
.
46.450
,
months
®,?
v„i"" i
,1;
$437,340
surplus
Earn,
77,612
15,750
income
7" fiifi
f4et pro.it
_
Total
$278,807
Other income (net)
210,537
pi period
$203,661
_
228,488
taxes
1,615,075
15,750
Operating income
Gross
income
.
.
plant
7:K(net
-
,
1,016,944
:
.
••
charges":.
124,247
$294,557
$219,411
revenues—.
oper.
Rent
>
Other
1,054,041
'
.
263,803
income
81,383
•
in¬
of
1943
$1,402,046
■
Income
f, t y
263,124
V
—
lieu
in
Charges
648,765
Cr224,878
________
1944
$2,269,056
profit from sales- ; $1,126,316
j
63,733
Net
f.
-
$1,437,500 $14,801,347 $16,758,271
696,353
8,007,161
8,118,470
24,471
1,792.695
10,032
$795,607
$2,344,761
3.871
(Incl. Sub,s.)
1945 /
$1,567,068
.
expenses
'
'.-'V tiroki
-i-
expenses
taxes
adm.
...
Other
;
599,894
648.
revenues
•
3,871
«nq 4ai
OH the New
Sachs & Co.
peacetime ;
shortages.
shipments •
C
5.144,153
Arkansas Power & Light Co.—Earnings—
1945 -Month-—1944
1945—12 Mos.—1944
$217,044
■■-■
Barnsdall Oil Co.—Special Offering—A SDecial offer-
busily
were
130,207;
Period End. Nov. 30—
84 698
and $1,218,456, respectively, had the
$60,000 continued in.effect.—V, 103, p. 187.
states:
0B7vt
Sell.
:
Operating
Operating
$1,975,345
94,888
$79,481
151,395
6,036,887
1,828,514
•.■ 773,990 ':
5,946,354
665,324
6,123,270
1,154,516
564,372
•
railway-----.;
from
Net
President,
MacPhie,
End. Dec. 31—,
prof, from sales-
,
;
I.
customers
our
Gross
$448,643
59,475
38,911
$2,249,873
discontinued after Aug, 31v 1945, covering: the active
was
period.
the 12
INCOME STATEMENT; 6 MONTHS ENDED DEC. 31
1942
1943
$528,385
1944
$479,662
Sl'Sri}
1942,
CArn
Annual neporx
L/Orp,—£>emi-Annuai "Rpnort—
:; 16 Mos.
1945
$506,303
•
from railway----.
$213,195
,
RR.—Earnings—
Arbor
Ann
*'o8i'o72
9.171
V
—
«ncome
'PlvwAAii"
riywooa
planned, As this is written, labor troubles are holding}
up their production still further.
Fortunately we have been_ able . to,
;
secure
sufficient business elsewhere to run .all our plants at full
capacity.
When reconversion is completed and business stabilized', ;
there
is every indication
thafe the demand for our products will
exceed our present capacity.
In
this period our footage production exceeded that of the sixmonths' period ended Dec. 31, 1944, yet our dollar sales and profits
were
less because the plywood packing cases we are manufacturing
for shipping peacetime products: are very much less costly than th^
cases made to conform to
the specifications of the various • depart?
ments
of
the Government
for war orders.
Nearly alt .war orderS '
called for specially constructed boxes treated to withstand all kinds
of atmospheric conditions and necessarily were more expensive.
.
In November we purchased the plant and equipment of the. Plymouth |
Box and Panel. Co. at Plymouth, N. .C; t With it, aufficient standing
timber was also bought, or stumpage contracted for, to assure a:
continuous
log supply for many years.
This plant has a large
.capacity but. the., increased demand for. Atlas Plywood packing case$.
has already booked it lull for months ahead.
This acquisition also •
gives us greater capacity in-our Southern Division .where .the deman$;
for plywood -cases has been steadily .growing.;
v:;.r;
! i
Co. and associates announce that the
secondary distribution of 25,000 shares of common stock
(par $12.50) effected Jan. 31 was oversubscribed and that
the books have been closed.
The offering price of the
stock was $49 a share and the selling concession to deal¬
ers was 80 cents a share—V. 162, p. 3066.
December—
18 076 240
3,891,*48
$207,873
>
8,814
/
than originally
Goldman, Sachs &
Gross
/ $204,381
charges
t
N
18,181 820
- ■■■
NOTE—The provision for deferred maintenance, which began Jan, 1.
*
regular prewar customers, we were ready to fill their
requirements, but delays in their reconversion programs, plus
cf needed materials, caused these customers to take iewer
646.
Glass Corp.—Secondary
Hocking
appointed registrar
B stock,—V. 163,
. \
, .
series
'
our
'
Anchor
preferred
3.60%
1,532,675
391,794
-—>—*——
Int. on ser. A debs
of New York has been
value
par
1945—42 Mos.—1944
$2.132,342.$24,302,949 $24,632,657
247,982
Fixed
•
.
.
1945—Month—1944
$1,959,455
1,507,092
^&xes
,
engaged in the conversion ot their
facilities to their-usual peacetime business.
With practically no reconversion problem,
and with the largest backlog of contracts and
orders for Atlas Plywood packing cases that we have ever had-from
of
Pay Participating DiviRetirement Fund—
authorized payment of a participating divi¬
the
1945.—V. 163, p.
of
week
and
this time determinable.-
not at
163, p. 647.
.
_
(INCLUDING BALTIMORE COACH CO.) "•
period End, Dec. 31—
operating revenues v—
Operating expenses
.By the end of September, practically ail war orders were completed,*
that we had very few cancellations.
At that time the majority
"
Works & Electric Co., Inc.—Outputthis company lor the
kwh., a decrease of
output of 85,672.000 kwh., for the corresponding
under
14.95%
_
^
'•
-
taxes,-fTLe 1.45 figures are alter
representing the - u.._niqri;ized cost - or-war
Guaranty Trust Co.,
Elmore
output of the electric properties of
Feb
2
1946 totaled 72,862,000
ended
$7,248,000,
,
^
Baltimore Transit Co—Earnings-
1944
$1,^,000 $14.<1^,000
2,633,999
2,663,999
•
•' $0.34 ,
$5.JO
-
—
...
so
American Water
power
'
,
$25,000,000
Atlas
Alias
cents per share
of lecoid June
1
1946
and the transfer of $77,717 to the retirement fund for the
purpose' of purchasing preferred stock of the company for retirement
and cancellation subsequent to May 1, 1946 in accordance with pro¬
vision Of Plan of Reorganization dated April 15, 1934.—V. 155, p. 1207.
week
I
646
.
Jan. 30
dend out of 1945 earnings in the equivalent of 64.178
to preferred stockholders on July 1, 1946 to holders
•
of
are
The
for
o
v'
dends—Transfers Funds to
The directors on
250 milps, and on March 15, complete service.—-V,
(& Subs.)—Earnings—.
Registrar Appointed—
Co.—To
Service
The resumption of this service will be made under permission recently granted the railroads by the.ODT to restore on Feb. 15 sleepers
in runs of more than 350 miles; on March 1 for runs of more than
,
,
31 declared a dividend of 10 cents per share
on
the common stock, no par value, payable March 30 to holders of
record Feb. 21.
A like amount was paid in each quarter during 1945.
The usual quarterly dividend of $1.75 per share on the 7% preferred
stock
par $100,
was also declared, payable March l to holders of
record Feb. 18.—V. 162, p. 3066.
American
305,611
514,982.
(
shares
directors on Jan..
The
46,540 :
facilities ut the termination of the amortization period on
\ V
'
Sept. 30,
1945. ; Provision of $2,080,000 for) wartime and post-war
operating-inccme
contingencies was made in 1944.
'
*'
*
' *' Non-oper:'-income
NOTE—The profits of both
periods contain income from . renego^
tiable Government contracts.
The amounts of any possible adjustGross
income i
Sanitary Corp.—New
Director Elected—Declares Usual Dividends—
.
J Phillips Cosgrove has b6®n sleeted a, director to fill the unexpiied
term of Charles K. Foster, deceased; and has been elected Vice President
1,297.319 I,;
emergency
Radiator & Standard
American
1,899,296
1945
profit—
deduction
.
Feb 15, $3; March 20, $1.75:
20, $1,75 each. V, 162, p, 3066,
1945 were as follows:
Sept. 20 and Dec.
20, $3.50; and
1,561,968
368,063
Earnings per■ share-_,:_^___tAfter interest, depreciation
on
tl°Payme°ntsreSn
June
fNet
Common
Referred
the
will go into service again between Washington and; New York, Baltimore and New York, and Detroit and Dayton.
*
.
,
-
897,288
,
Calendar Years—
Feb. 4 declared a quarterly dividend of $1.75 per
dividend of $3 per share on account of accumulations
stock, par $100, both payable March 20 to
directors
84,196
6,035,089
railway—^™
i, sleeper service
<
Accumulated Div.—
Service Co.—$3
American Public
The
5,127
7,211,296
18,304
*
<
Atlantic Refining Co.
,
,
On March
'7,873,231
*189,470
'
railway—
Net ry. oper. income—
•Deficit.—V. 163, p. 66.
15 to holders or record
17, March 15, June 15,
162, p. 2266..
15, 1945.—V.
15 and Dec.
Sept.
from
from
Net
of 50 cents per share on the*
par value, payable March
amount was paid on Jan.
no
Gross
burg, Washington and Akron, and Detroit and Louisville.
7,964,711
income—-
oper.
From Jan. 1—
;fg§M
Dividend—
Co., Inc.—50-Cent
declared a dividend
directors have
ry,
on„th® ®alti~:
hTLn^hrhie.efing 5arAwiU K
and Ohio between Chicago and Akron, Washington and Parkers-
more
-5
;
will be reinaugurated between Washington and Pittsburgh, Louisville and St. Louis, Cincinnati and St. Louis, Pittsburgh
and Cincinnati, and Detroit and Cincinnati.
On March 15 sleepers
$579,469
"114,393
railway^—'—
from
Net
amount.—V. 163, p. 646.
dividend of like
American Meter
The
Net
'r
:
1943
£ 1942 *^$641,362:;'v .; $592,595 ;:
igh 56,291 :
"118,673
1944
$697,868
45,927
1945
railway___;_;
from
Gross
on
RR,—Earnings—
Atlanta Birmingham & Coast
December—
shaie
the common stock, no par value, and the usual quarterly dividend
of $1 50 per share on the 6% cumulative non-callable preferred stock,
par $100, both payable March 1 to holders of record Feb.
19. .
Distribution of 25 cents per share were made on the common stock
each quarter during 1945 and 1944,—on March 1, June 1, Sept. 1 and
Dec
1— and,
in addition, on Dec. 19, 1944, the company paid an
The
Monday, February 11, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
774
.
Trust
Bankers
The
April
12
receive
bids
Co.,
for
15
the
Wall St., New York, N. Y., will until
sale of it of 4 V2 % sterling bonds due
insurance
to an amount sufficient to exhaust the sum of $10 330,;
at prices not to exceed 105.
The amount to be paid In dollars will be
computed at the exchange rate prevailing on April 12.-—V. 162, p. 1762.
July
1,
borne
be
&
Santa Fe Ry.—Appointments—
.
E.
Attornev
for
Mclnnis,
formerly
and General
the
Santa
Fe
General Counsel,
Counsel,
Railw«v
has
and Jonathan C.
for
the
State
of
been
-
California,
Sleeping
RR.
portation,
.
b:d
for
the
to
purchase
designate
thereto
8
of
the
th,e
rate
interest rate of 1.50% per
and has been accepted.
annum,
for
Ciated in tfhe o;tier;ing a;ie rsilyiinfc o., inc , ^iaaer,
body & Co., Lazard Freres & Co., and Whiting, Weeks
& Stubbs. The New York Stock Exchange has approved
made
rvurfipimtinn
at
par;
interest
was
by
.
::%■
Sleeping Car Service—
so
that
15, it is
nf
mpmhpr*
firm*
in
thp
offerine
participaiion OI inempers iirms m me uiiexmg.
Through this
^
and other similar transactions, the RFC is
have sold all of its
.
-
'
understood
holdings of railroad bonds of this issue.
underwriter'S-made kn°wn- t^t_ the road Itself intends to buy$2,375,000 of the bonds for retirement, which will
1 e im¬
additional sleeping cars might be made availablemortgage debtr to 56-M39.000, as ^8®^_®.hdeb^_ L
of-the Armed Forces, will bereestablished beginthe bonds .were issued ln l940_ During^the same period the road
announced.
; I;;V
has retired -nearly $20,000,000 of-junior bonds.
service which was discontinued on the Baltimore &
in July, 1945, under orders of the Office of Defense Trans-';:*•
car
demobilization
„i„g Feb.
to
The best. ■
notes
of
bids were' received.
*
Ohio
has
been
to
the bidders
response
Irving Trust Co.,
To Reestablish
appointed
General
Gibson,
appointed General Solicitor fcr the system at Chicago, succeed¬
ing Charles h. Woods, who retired Feb. 1 after 42 years in the com-',
pany's Law Department.—V. 163, p. 646.
an
In
;
.
Emmett
Vice-President
thereby.
specifying
bid,
the
Atchison, Topeka
companies
accrued interest,
and
1961,
..
..
yolume-163
•
(,
'Under
.
•
•.
•
«V-
„
»'•••
:
1
"■
ii
»M
,
THE COMMERCIAL & FINANCIAL CHRONICLE V;/;///:^
Number/4463
\
ii■
T.
*.v..VrV-
;•
'\V-:
railroad's
V
Net
Operating
'•
expenses
;
1
railway..:...
irom
S850 571
S3 560 677
6;.246
W28
«„f.nmp
nnpr
'
in/ntm*
Tntal '
Rpntoli
""*$3
'
ju
i
v
$4 848 805
4 095 877
$11 327 260
4 244477
" $752,928
v
of
«'
'■
-,040
1Q49
Jg*#
13.316
15,418
46.428
51,005
:// 36,361
10,576
charges
/■
591,059
575,069
652,469
%?r*4a%*3 E,d
°ver«* <" '"e corpoialions investments
r.
Car
Foundry
&
703,485
cumulative
,
of
extent
preferential dividends
share
per
when and
and
carrying
-
was
&nd
Aug>
declared
as
by
the
.The
,
year's
statement
'
*
1\
operating
.to
expenses
direc-
-V. 163, p/ 66.
of 17 5%
revenue
,
Ordinary
1
dividend
An interim
4Bf1opa4
4,
.0^,33. cents^per share' ha®
old
in
-L
Stock
common
.••:rrhj8
which
tionsdurtng
on
two-for«one basis
a
MarcM^lV
.fv
-
the
,
Feb. 5
stock,
on
common
new
1,
.
u.
*
a
oa
ua.; n. G. Beaubien- & Co.,. Ltd.; Midland Securities,
dSiSS"r?0d^.
Denton, Ltd., R- A; Daly & Co., Ltd.;
.v,„«
,.„i,
par
value
^clAr^^adividendiof^^^ 1 to holders
cents
par $15, payable March
basis
.
initial dividend of $1.02 per share on the preferred stock was
payable April 30 to holders of record April 19.-This
covers ine p
the period from Jan. 18 tthe date'of issue) to April 30, 1946.i «
Canadian
authorised the listing ot 492,000
representing shares'to ,be issued 1
®nd outstanding immediately,upon the change of each oLthe issued
and outstanding 248,000 shares of common stock (no par) (exclusive
bl 6,000 shares of cimmon stock in the treasury, which will retired),
be
.
Hallgarten
dividend
quarterly
a
the
common stock has been declared
stockholders of record March• 5, 1943.
to
1
v
•
railwav
1944
'1044
$2 857 mr>
$3 211
'
•
104-4
-
944
•
io4«>
^6a
*4
01 a
^
38,253,680
38,987,759
1,166,648
10,894,243
,
WviniC«T
v
«'
i
.
-
t
'
3-807'448
Ab,,» pv189,
*
^8,929,768- 29,503,084
15,749,901
10 533 270
;7,711,979-
6,397,292-7,345,556
"
S1
•
'<
,
'
•
Central Hudson Gas & Electric Corp.—Taxability— ?■
The management of this corpdration is advising common stockholders
thatf3.05%. of the dividends paid on the stock in 1945 appear to be
'
Ltd.?
.
wSKSi
The
Rene-T.
SSfiW S»cSi,SSSa!'
company's computation is tentative and is subject to review by the
u-^s- Treasury Pepartment. A
a portion of,common dividends
of gain
final determinatiori by the latter that
is
nontaxablemav
im/niva
®
h
''
917 3fii
3,217 361
4 740 Q3$
;
4,749,935 36,054,334
,
—
275,711,370
v
krI?'^
43,159,664
..
;
Preferred
shares
will
be
Jdans incurred in acquiring The Eclipse Lawn
and the S. M. Jones Co., Toledo, Ohio.
Mower Co., Prophetstown*
With this financing,, com-
pany will owe $1,500,000 in a 3% term loan
400,000 scares of common Stock.—-V, 162, p.
and will have outstanding
at par at
•
—
—
—
-i;
; '
•
.1945
v
.:„_.^$I3,011;782 $12,372 454
• • 5,697 707
5 24a'503
l 242 000
1 24> 000
1278 310
■'•••■■'i 434'fiof
867^
1,385,000
l^eob
^T,2*0,800
ii!
adjustment;:;::::'
i•
•
-
WS°i:«debtT
Amprtizatlop pf debt discount,
Other deductions
300 000
501,603
'^isosios
$1014 493
d^^iscou^ pximium
.1,711
$1,409,713
501,eoe
....—
625,959
'
8,563
>
$1,516,100
—
NOTE--Amortization or
-
731
—
•
'
613,884
111,047
——■
prem; and exp.U
Balance
expense uh-v
And;
eludes special charge in the year 1945 of $93,900, equivalent to net
n in Federal, income and excess profits taxes by reason of
auction of costs incurred in retirement of bonds.—V. 163, p. 67.
,
ing 5% per
3068.
•'
•
••.
DlVidends on preferred stock
sale In the Canadian market of $750^000 ^5%; cumulative
redeemable preferred-shares at par ($100).
bank
plant acquisition
Net income
McLeod, Young; Weir & Cb., - Ltd., W. C. Pitfield • & Co.,"
Co., Ltd., on Jan, 31. announced the
nrHnst
2267
d
162, p. 228_7;-t.>:,;-,.v^..
-Earnings—r
Federal, excess profits tax—
Offered—
Preferred Shares
of
General taxes
_
'
r«
12 Months.Ended Dec.31—
Amortle.
$
^llg'SSS'SIl
20,842,23L280,055.024
21,801,836
'
ft/a—"—
'$
f)Iinnie~T lo-M
I inois Light Co.
Gross revenue
Operating expenses
Provision for depreciation——:
r;
1945-12 Mos._1944
$
«me. or its
.
Central
.
on
effect^the amount-'
Cost basis of the stock and thus^^^rnav
loss involved at the time of its sale
V
162
or
.
Ltd. and. Tanner
''
ill.,
1946,
Net from railway
Famine
$
Canadian Utilities Ltd,
.
for the retirement of
8"are ,on
15,
that
G~-V ^ '
Gross from railway™
648.
p.
1945-Month-I944
jjetf earnines'
n
bffer^d for sal6 43,386 shares of Cpm^
share.
used to provide funds
»?e^
March
announced
»*
paid and moh-assessable; preferred
as to capital and dividends; entitled to fixed cum. preferential cash divs.
when and as declared by the board of directors at not exceed-
Proceeds
!
Peyser- of
'
Gross from
&
.
3l-
.
V. 163; p. 648.
307aki"g &
inon stock (par $1) at $14 per
will
'
Offered—Van Alstyne, Noel
Buffalo Bolt CO.—Stock
& Co.; on Feb. 6
■
Railwav
§^225^"--'
worxing expenses
The New York Stock Exchange has
tharea of common stock
(par $15)
6
Pacific
Period End. Dec.
_
,
n
or 492,000
Feb. 4, the following
on
,
.
i
^ '
+y
Lentral Oi Georgia Ry.—Earnings—
Pemberton & Son Vancouver,
Co.; Ltd., and Hagar Investments, Ltd.—V. 163,
declared,
>
'
•
New
r
Co.; Melady, Sellers & Co.* Ltd.; Bankers Bond Corporation, Ltd.;
Western City Co., Ltd.; Isard, Robertson & Co., Ltd.; Tanner & Co.;
Carlile & McCarthy, Ltd.; Lauder Mercer & Co., Ltd.; The Yorkshire
& pacific Securities, Ltd.; Ross Whittall, Ltd.; Okanagan Investments
„,ob
Listing of Stock—
.....
ew York,. and.'.Frederick M.
i
December-i-
.
V An
felso
.....
..
,
>-YaPman» President,
nn.
nitroKi
&
and
quarter;
-
Ud.; Eastern Securities Co:.: Ltd.: Wins' Sickle &;Co:;.H.B.Housser;mentofAthe
}
common
for-one
no
v'
m
payapie
365,800 shs.
..
This, is equivalent to 60 cents per share on the old
stock which was recently spiitup on a twowhich in 1945 received. 50 cSnts per share each
20.
record Feb.
,
°&
^
I^ulvMo^New Common Stock
Dividend—Initial Declared on Pre-
,
directors
The
.
on
..
.
t
n*
be'in".
Brown Shoe Co., St.
to Receive 30-Cettt
ferred Stocks
ho'ders
T
'
a
cumulative prefer-
;
■
17Vi
of
to
,
p
I,
7
bave;the. right for 30 days to purchase one ordinary share at $20
Dec. 20,
on
1
on Jan. 28 stated:
jn.nUu 6tockholders' meeting held
ordinary share purchase warrants upon the redemption of ^uch preference shares, under which the holder of each such preference share
ia
was
1945.
Distribu-r
1945 were 56 cents each on
June 1, Sept. land
exti, of 25 cents on:the latter aate._V. 163, p. 847.
recently 45plit-up
500,000 Shs,.
1,200,000 shs.
par)
(no
dividend
March
in
Af..
eace stock beihg^^retired tjhrough this financing'are entitled to receive
ths
nn
shares
payable
Prlorif
to the board of directors: William Blair Baggaley, Chicago^
f?® °j^ Northwest Zinc Co.; Donald B. Douglas, Vice-Pres.aent
xt°-' chicaS°I William G. Dwyer, President of Stening
«
<400,000 ahs.
" note—as * the holders of the 266,992 shares of
•
initial
an
stock
Central Bag" &. Burlap Co. of Chicago—Names
Directors—Declares 30-Cpnt nivirtenri
.
Bristol-Myers Co.—Interim Dividend of 35 Cents—
declared
25
:
ri
CAPITALIZATION, AFTER OIVINO EFFECT TO PRESENT PTNANCINQ
'•
Jan.
the. common
on
Hulie' secretary and Treasurer,
lb^ P- «i267.-
:
.
OoIwertIbI?.2flnon-cfn^le da^ --A"
shares C$20; par)u^4—
'
'
•
payment of the ihitiar dividend sfnee the recent sale of this stock',
^
J
he declaration of such dividends was unavoidable. Uoa~
S* i»w0n
been given to this delay by fixing the current dividend
at 17/2^ cents whkih covers a period of about 3'/a months."—'V-.
non-
Co. Jn Toronto, Winnipeg, .Vancouver andHalifak, The Royal Trust
co. Will act as transfervagent im St. John as well^s .registrar there.
'
*i'
-
^PPiuvea
p. 67,
aS.%?rll?re
at
.
the rate pf 4J/a%.
showed the ; ratio of
Annroved
8
.
on
share
per
-
class "A" shares shall at the option of the holders, at any time, be
convertible,; share for share, inio ordinary shares and shall be noncallable except if at pny time not less than 90% in number of all
class "A" shares theretofore issued shall have been converted into
of the United States in September, 1945. ;
* ;
■
V
ordinary shares in'which event the company may redeem upon call
Expenses in 1945 showed an increase of $4,869,234 (or 7.4% ) over
an or pprt 0f the remaining outstanding class'"A", shares at $27.50
1944, but it was explained that the maintenance of equipment account;per share.
Company may purchase class "A" shares for cancellation
included a debit adjustment of $6,297,614 and maintenance of way
at any time.
In the opinion of counsel, these class-"A" shares will
account a similar adjustment of $78,425 for amortization of
defense
be a legal investment for funds of insurance companies registered
projects.
The net* result of the above adjustments, it was stated, is
under The Canadian and British Insurance Companies Act, 1932, as
that the road saved in income taxes $2,678,000.
amended.
' '
:
>
An official of the road stated that while earnings were hot suffi.
^ Registrars-~The.Roya,l Trust Co.^and Montreal Trust Co.
clent to cover interest on income mortgage, bonds, the interest Will
' Transfer Agehts—Company's office in Montreal and Montreal Trust
be paid on May 1,-next,-at
directors
cents
Noy
,
*
-
gof record Feb. 15.
22
afc par ,&t any branch in Canada of the
company's bankers (Yukon Territory excepted).. Holders of class "A"
shares; shall be entitled to one vote for each class "A" share held.
,May>
18*
on that date.-V.
„
tots &t the rate of $1 per share pef artnum, payable quarterly, Feb.,
..
-
_
The
I ^
>
$27.50
stock
foods
Central Arizona Light & Power Co.—Initial Dividend
,
been-Oversubscribed.
to. the
.
Celftliese Corp. of America-—Merger
0
See Tubize Ra>'on Corp. below.—V. 163,
Ltd.—Class A Shares
Co.,
i
•
.
'*
1
-
i
••
preferred and "'71 common stocks. The largest common
holdings were in the utility, retail trade, petroleum, chemicals,
JJ68$69
/
———— i
•
.
'
Preferred
•!
.
fixed
alter
$752,928
income—
oper.
v;:
' ■ v
I
earned by the
company in the year 1945.
It was pointed out that this income would
have been $3,826,000 except for the inclusion of unusual items in thp
year's accounts' principally charging oif the balance of the cost of
defense projects in-accordance with the proclamation of the President
,
NOTE—Income
50,824
iii
»/♦
J2
$1391>507
B.9II2 V
;
W •/£ 775
/
i
'/'•
Offered—Wood, Gundy & Co., Ltd., on Jan. 26 offered in
the Canadian market 400,000 shares (par $20) convertible non-callable Class A shares at $22.50 a share.
The
'•—
'•
.
ry.
/Canadian
$7,082,783
'
'
$570 , 612
*$3660 678
•-
817
'
'
'•'Deficit.
i
•.••••
■
:1.233.129.
341 205
£911
33«'73R //
-
lnrome
Nef
net
^
321 940
int
Kentais.
■
'v. 163, p. 647.
$10 094 131
8t,4-,o q<>7
income——'no',997
'
v
Net
oper.
rv
Other
\
.•
».
iq44
:*^26
rallway..__,
3:.;^: t'v'Nery. oper. income
revenues..! *$5,450,269'V? $662,302 $11,858,184 $21,836,755
Taxes
Cr2,264,439
Cr438,071 .a5,039,034
8,498,788
Equipment rents (jDr)iw :
235,471
246,823
,3,011,962
2,960,359.
Joint fac. rents (Dr)„
n,636
2,979
246,511 283,477
Net
y
,
—
.•
ii
i
••'
i
»
;v?<1945—Month—1944
1945—12 Mos.—1944 ,
From. Jan. 1—
"
'
v
//.//
^-^ $6,261,314 $6,970,852 $82,232,949 $87,342,286 / Gross-from railway^-/:
1,542,089 < 1,807,944
1,835,843
2,092,443
11711,583
6,308,550 70,374,765 65,505,531 v;; Net from railway--—y'/,,. 499,491 /-./ 703,184
517,929 ./; 911,280
revenues
Operating
,<
-
1Q4s
^ ^
Period End. Dec. 31—'
-
*•
.
v
traffic
,'Y.0'VrtESULTS FOR 1945
f
' '
|
»
Cambria & Indiana RR.^—Earnings—
present-debt set-up, fixed charges aggregate
$3,860,000, an amount nearly equal to savings estimated to accrue
to the railroad through the use. ot Diesel engines In carrying freight
the
"
' »'•
'• '•'
•:
fully
+4
,
,
-
_
.
,
.
j
„
,
.
■
■
•
^
Central Investment Corp. (Los Angeles).—May Spilt
annum payable quarterly (Feb., May, Aug. and Nov. 15)
any branch of the company's bankers in Canada (Yukon
Stock—,»
t.
..
-
.
,
*
.
•
,.
•
.
.
-
;
.
manner
with the Securities and Exchange Commission
Jan 31
a registration statement covering 50,000 shares of cumulative
preferred stock, ($100 par) and 100,000 shares of convertible second
preferred, ($100 par); Subjeoti to clearance^y the SEC it
that the stock will be offered to.the
underwriting group headed by Kidder,
The dividend
rates on both classes of new^preferred^will be filed'later DY amendment^
The public
erlng of the_ 100,OOO
preferred will be subject to the rights
filed
Corporation
-
SSThSI1
It is reported that the directors will submit to the stockholders at
as!tte 5l?;c^br?li? ainlr^ Sscretloii shall^ideclda'^or^lf the•''t|l»,'«nW«V^tih«.M»r«P'3'.:n«tAit.'Propo«tio,«pUt.tl» stock. SugiJ
...
With SEC—
Burlington Mills Corp.—Begisters
directors
determine
so
be
redeemed
on
mav
tions, at 104 and dividends
.
30 davs'
may'purehas^ preferr^
wliicla
^shares ot converti^^s co «
The
(Dominion)
tfronmtiWb'iUTpSted f0liatcrsUrofSmml„9fheId?h?r9
funds.^-V.
163,
p.
...
share has been
Valuef^^pSablfe."March
^holders
Farnlncrc
Quarters Ended Dec 31—
Net
wet
pout
——
cumu^ative preferred- the 100 000
second'^Referred6, aP^72L776 " hL°e?°of
of
shares
new
$T
29.
September
1945, and
profit
of
Working
$4,993,692.
/
w».,
;
_
.,
.
-
■
of
•.
t
_
1944
1943
$214,999
$166,663
railway——
1945
$295,041
110,532
Net ry. oper. income—
53,889
888
Gross
.
:
-
•
•
from railway
Net from
46,686
From Jan. 1—
Gross
-Net
" 3,270,836
income
;
p
Yorky : at
share-is
M*"0n
2,684,248
has
par)
1
registered
with
443,338
533,501
198,121
the
awi riaaieu
100,000
SEC.
shares
Offering
of
/'V
"
4 J
into'
convertible
M' on Marcn
&
Broadwav
14 <1946 -*-.v
194b'
Goneral
npw
2V->
1st
•36£,°2
on
v
shares
of
common
v: 163, P. 648.
rnrn
price to
;
.
convertible1
the
public
«forit
nn
the
nrior
.
a quarterly dividend of $1.75 per
dividend of $4.25 per share: on account of accumulations:
lien
nreferred
stock
dividend
$7
series
and
a
rmarfpriv
h|9-°SS2^«15- S^S'and'SX"
laciv aS?
nicrm $ 150 '
'
' ^
Amended Piatt. Filed—
•
*
Hc
^
'■
■
'-
■
-
Pl.hli.
c„hc,rtiorw
R..v)ro
Service
rT-Z
Co,,,
filed Feb. 5 with the Securities and Exchange Commission an amended
reorganization plan providing for their merger: into a new company
b|
' If
T«DrD«0
Assets Increase
kn0Wn
the Central and Southwest
as
the SEC approves the program,
Corp.
the surviving corporation' will
have an authorized capital stock of 6,605,000 shares ($7.50 parK entiil-
is w
amounted
1944. The net
representing
Dec.
asset
an
to
$4,663.
value
of
increase
This
the
compared
31,
1944, of $8.85.
Net income; exclusive
\
With
stock
common
of 37.62 %•
over
such
$3,663
was
at
$12 18
net
Dec.
31
share'
per
asset
value
at
:
for
,
ing the holders to cumulative voting at all elections of directors.
Under the plan all outstanding prior lien preferred and preferred
stocks of Central and preferred stock of American would be retired.
The owners would receive an amount equal to the respective redemp'-Ttion prices plus accrued dividends in cash or, at their option, common
stock of the new corporation.
They would get the latter shares at the'
price, net of Underwriters' commissions, received by the corpcratio"»;
for shares to be sold at competitive bidding to acquire funds with,
which to redeem unexchanged shares.
v
All accrued and unpaid dividends on prior lien preferred stock or
Central and preferred stock of American which are exchanged would,
be paid in cash and common stock would be issued only to the extent
& of the balance of the redemption prices, according to the amended,
1/ plan. /• - -Z
•* • •''///•/.4
•
central's parent, the Middle West Corp., has agreed to exchange "the
•
preference shares owned by it for the new common stock.
.
The Commercial 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. Selbert, Editor and Publisher;
William Dana Selbert, President; William D. Riggs, Business
."Manager.
Published twice a week [every Thursday (general news and advertising issue) with a statistical l3sue on Monday].
Otheoffices: 135 S. La Salle St., Chicago 3, 111. (Telephone: State
0613); 1 Drapers' Gardens,, London,- E C
England, c/o Edwards & Smith.
Copyright 1946 by William B. Dana Company. Reentered
as second-class matter February 25, 1942, at the
post office at-New York, N. Y., under the Act of March 3, 1879.
Subscriptions in United States and Possessions, $26.00 per year; in Dominion at
Canada, $27.50 per year; South and Central America, Spain, Mexico And
rCuba, $29 50 per year; Great Britain. Continental Europe (except Spain), Asia. Australia and Africa, $31.00 per year.
NOTE; On account of the fluctuations in the rates of
exchange, remittances for foreign subscriptions and advertisements must be made in New York funds,
,
'
«
'
.
The company and its subsidiary, the American Public
to
and $547,181 represented cash in banks.
At Dec- 31^ ^S, the asset coverage per $1,000 of debentures then
Outstanding (excluding unamortized debenture financing costs of
$162,699)
statement
,
9,321,$52
,,
Last year, the following payments were made on the $7 stock: Feb.
^
common,
,
5,190,600
^
^_.
.
prior lien preferred stock, $6 dividend
series, all payable March. 20 to-holders bf. record Feb. 28.
.-
to
Accofc
Ixenerai Lorp.
4,496,492
57,446,744
18,136,202
on
.
■
„IT
62,974,869
16,813,780
^ $10.50^March 20, $1.75; June 20 and Sept., 20, $3.50 each; and
m
fi4fl
.,
928;42»
60,796,386
13,963,536
SIvi«nd^»S^S the
count of accumulations
$0.99
says that assuming that only a nominal sum will be
/of net losses on/ sales of securities
amounted
redemption of prior preferred stock not converted into'. / to
$168,334.
The
interest
and
amortization
requirements
on
the
approximately $500,000 of net proceeds is expected to be
outstanding debentures on that basis were earned 2.57 times.
^
used
for plant
expansion and the remainder to augmentworking;S^^The coropration's investments include U
S
Government
Bonds
capital for general corporate purposes.r-V, 163, p. 648.
'
\
v and Treasury Certificates of Indebtedness, 5 corporate bond issues,
The
share and
36SK2
$0.62
vnrir
n
ns&oa.
55,546,969
9,097,863
The directors on Feb. 4 declared
1944
'$356,468
•
,
.
$1.25
The underwriting group is headed by Van. Alstyne, Noel & Co./
New York, and Carlton M. Higbie Corp., Detroit.
>
' s
required
C1
C
1.374.998/
Total net assets of corporation^ with, securities' at' market1 quotations, :
before deduction of principal amount of outstanding debentures,
Jrere $8,892,223 on Dec. 31, 1945, an increase during the year of
$1,976,061 or 28.57%. Of this total $8,267,301 represented investments
1,814,295
924,400
120
March
f'arriprs
$26.50.
<
3
J
57,044
•
^
corporation
($20
New
Each
s
39,122
4 <
r;
1 "
" ?fFile<{ for Prpfprrprl—
Riirrv Risruit Corn
UJSIUH VV V
Dunj
preferred
8,522
V. 163. p. 67,
•Deficit.
/v.,p
The
2,999,841
1,084,544
548,093
1,119,561
502,522
railway
oper.
-
*27,451
*
*
1942
$179,999
'
from railway.—
from
Net ry.
'
.
Central & South'West Utuities Co^—Dividends—.
-
All. unconverted shares of 4»/a% cumulative convertible preferred
stock, par $50, wiU be redeemed on March 14, 1946 at $54 per share
nnd dividends amounting to 28 cents: per share., immediate payment can
be received at the;Marine Midland Trust Co. ^not Guaranty Trust Co.
'
Island RR,—Earnings—
Burlmgton-Rock
>
capital
163, p. 647.
.
c-?
im
.
Carrier Corp—Redemption Agent-Correction-
net
at,the end of the fiscar year totaled $28,421,092.—V.
tiecember—
$4,897,009
280.196
■
Net from railway
>rwi;i?erv
e""
* 145,349
Deficit.—V. 163, p. 67.
15
*
and $59,823 applicable to prior"years.-V. 162, p. 2637.
s neTSate/Sf
y*™,
1942
$4,754,866
*532.344
■
1944
$0.99
"~
•
..
.
1943
$4,763,877
*3.835.364
railway
From January 1—
«r?sf from f,ailway-—
*Aft.er charges, Federal taxes and reserve for contingencies.
tAfter provision of $563,600 for estimated Federal and State taxes
new-
commom
par
•
.
«...
1944
$3,696,827
from
N« ry. eper. income... -3,917,022
l, 25
$224,056
36£?m
M.
Upm^completion^of ^b^pmposwl«nnnn'
of
iecoi^Feb!
*4994 o«;r
t$357,621
■
M"T75SSS!1 *•*"""wrallW
Sfe^
"
1945
'
"
nrofit
1945
Gross from railway.—
the class B
on
-
Carpenter Steel Grt
~
Central RR« of New Jersey-r-EamingS—
a
declared
^
•
are outstanding,
„
.
J.
,
Net
m
cents per
p,*
Deoember—.
308.
stbek, ho par
1 to
of
payments last year were as follows:. March 1; June 1.and Sept.
cents each; and Nov. 30, 80 cents.-—V. 159, p.* 547.
,
.
convertible
'
'r"
«
Carman & CO., Inc.—To Pay Dividend of 35 Cents—
A dividend of 35
.
'
f^v° iri*r»C°99??n stock' of which 58»503 shares
1
' " "
thai
_
the comnanv
Canadian and British Insurance Companies Act, 1932
as amended, states that companies registered under it
may invest their
Net proceeds from the sale of the two new issues will be added
initially to the company's general funds/ It is expected .that mora
$8,000,000 wlU be used. In 1948 and 1947 to carry out the
"company's program, for additions and .improvements d:o plants and.
equipment. Also, additional expenditures are expected ; to be v made
/for further acquisitions of businesses operating
the; it^tile -iiead;
;
During recent months the company has acquired the assets of, or, a
substantial stock InteresMn, profitable textile concerns at an aggiega e
cost of appmlmate y ,$4,000M
A
thn
henpfit
of
a
«$nkine
The new cumulative preferred will have the benefit of a sinking
2 per cent of the stock each^ar.
or
by invitation for tenders at prices not exceeding .104.^^ Transfer ageht
and registrar, Montreal Trust Co., Toronto and 7Edmonton.
In the
opinion-, of? couimel tnesA preferred shares ..will be* an investment in
-
,
basis was five new shares for one ot the old..'
conipany. has &n authorized capitalization of 60,000 shares of
disregarding frac-
rata
pro
prior notice'
.
'
..
^
I'll..'
JA'
{tl
.C.I3,
Jl
I.1"
-
"
f
»"
'S (II
<1
l.
<
A li i
'
-•}
'
'
:
■
THE COMMERCIAL &
776
stock of the corporation not exchanged or
exchange for the outstanding common stocx
of Central and-American-as loiiows:" —
:< •.*•*.* <»
v v.,Eight
shares of, common
stock for each outstandings share; of
American!s common, excluding shares owned by Central or American,
and delivery of the shares to holders of common stock of Central ac¬
cording to the number of,shares held by each.
•
/;
.
The amended plan also provides ior sale of Americans holding of,,
25,643 shares of preferred stock of the West Texas Utilities Co. to the
latter at a price to be authorized by the SEC.—V. 1G2, pp, 263^, 3069..
would
issued
be
in
Decembef—
.-/■/ ';
from railway/...
"1943
1944
1945
Ne*
Net
From Jan. 1—
The
i
>
Net
Net
'Deficit.—V.
163,
value
The
the
issue
sale
232,583
&
173,113,
4
117,378
lVisl
2,560,039
8,235,973
2,407,186
1,460,293
1,477,894
9,252,447
;■■/■-.%■:/''
First
Gross
from
ry.
Net
ry.
256,259
income—
oper.
■•
Gross
Net
ry.
—V.
738,243
income—
648.
oper.
163,
p,
1,596,414
712,397
800,097
from
The
Net ry.
V.
-
oper.
cents
additional
Gross
from
Net
Net ry.
income—
*
_
1943
599,579
969,621
from
Net
Net ry.
—V.
railway-
income—
--.,l
oper.
163,
i.
3,357,724
3,823,331
Chicago & Illinois
Gross
k
1945
/
1944
..
income...
$544,378
242,799
31,251
97,676
■:
,
from
from
Net
Net
/
268.603
i
6,993,960
879,843
6.355,145
The
2,545,657
997,706
993,368
share,
on
$4.25
on
record
163, p. 68.
on
6.
Feb.
preferred
The
initial
stock,
dividend
covers
of issuance of the stock, to Feb.
terly, rate of $1.0614 per share./
Chicago.Indianapolis & Louisville Ry.—EarningsDecember—
froth
Net
Net ry.
/ •
railway...
1043,
$1,132,261
1942 ,
$1,063,354
128,473
'134,399
410,804
45,038
'275,602
74,050
$1,061,148
6,048
income—
oper.
1944
1945
$871,008
.
.
.
from railway—
,
38,295
,
From
,-••
Gross
from
railway—
11,556,500
railway—!;!// 3,005,999
13,490,160
13,204,255
11,657,722
4,147,267 : < 4,474,028
income—1,716,939
2,415,936
Net
ry. .oper.
•Deficit.-—V. 163, p. 462
;
2,909,831
'
'
Columbus &i
.-j
'
shares
of
the
exercise
of
options,
399,181 shares.—-V. 163, p. 190. 1
ance,
-;••
v
.
'
upon
•'
,
.
•' |.rV.*
'listing of, 53,000
official notice of issu¬
on
the
making
total
applied
for
/
V-i .* "*
iv.
/ ♦:. A-"1 {*
Gross
,
Net
■
-V'!' Chicago North Shore & Milwaukee RR.—Earnings1945—Month—1944
Period End. Nov. 30—
Gross
receipts
Trustees'
/■' 'Loss/
net
.•
$1,001,154
•_
earnings-
railway
-
1945—12 Mos.—1944
;
$437,305 $10,699,524
224,7G2 V%. '73,536
/
2,191,929
1,698,454
:/''// //'
ry.
-
oper.
Upon
/
25,
at
*45,906 V
16,012
1,150
*
,
-
♦43,168/
J
1,677,683' -1,429,004
1,528,676
290,14T
173,888 ' % 295,032
192,983
33,008
60,943 '
•
55,590
54,183
on
or
(Phila.) —Distribution—!
after
of
said
and
per
Aug.
31
with
Federal
stockholders; occjidin? to the plan, would not .participate-i:i
reorganization, and the- effective, date would .-be Jan. 1, 1946.
the
,
reference
The
take
to
the
27
tor
Securities
plan also provides for
over
the
railroad
a
hearing
and
tne
oi*
Exchange
the plan, preliminary- to
Commission.
organization of a
new
bearers,of
15,
.said
649.
»•
Chicago Produce District—Calls Income Bonds—
depositary,
111 —V.
162,
p.
668.
33
North
La
Salie
34,400 ^?342,191
formerly, knowp as Davidsom
of manufacturing and selling
"Crackin' Good,"' "Blue Bonnet" and
names
well
as
as
cookies
Good," cracker
"Crackin'
Name changed
1940, principal
Chicago, 111.
Since
-
business
the
in
trade
1936.
1465 West ,37th St^
and similar products under
meal under the trade name
years,
it
three
manufacturing
the
field rations for
manufactured
also
has
company operates
plants located in Chi¬
III.; Louisville, Ky.; and West Roxbury, Mass.
the, sales of the company for the fiscal year ended
1944, and for the nine months ended Sept. 30, 1945, as
.31,
Z//
'
1.
v
'
/
•
/'/A'/-'
Year Ended
9 Mos. Ended
Dec. 31, '44
Sept. 30, '45
candles
7.1%
$745,568
5.5%,.
$490,702
1,640,846
Other crackers-.'.i
15.7%
2,304,356/:; 25.9%
6,133,135
Crackin' Good productsbiscuits—
:
Other
Total
—V,
58.5%
4,533,406
50.9'/
18.7% & 1,561.682
1,960,165
due
.
,
coupons
as
l
will
;
17.7%
$8,880,147
100.0%
.16.686
cerits.-LVv"162,
p.
be,..paid
the
a.semi-annual distribu¬
/ . ,■■ %
668.
;
100.0%
$10,479,715
163, p. 190.
"
/~^Earnings^;/%/;.%v!:/!-!/;
;'
■!■
..
/
/)" " ':
Co. of Bait.
v/!/
^!'//%!/%/''■'//%^
/
1945
1944
•
$41,519,289 $40,943,873
Gas
operating revenues*—»?.
.a**/**—Li—12,183,147 12,009,572
Steam heating operating revenues*-!—
' 1,090,540
1,089,184
12 Months
Electric
Ended Dec. 31—
operating
:
revenues
Total operating revenues.
——** $54,792,976
Operating expenses ,*****
***^***-*^1*.^*—«* » 30,877,839
Depreciation and amortization™——*
6,631,071
H
$54,048,630
31,851,529
5,941,468
7,988,649
7,540,563.
Operating income—$9,295,416
$8,714,669
*—*—w*--:—670,441
656,968
—
/
.
15,
—.—
Consolidated Gas Electric Light & Power
1946,
15, last, a distribution of. 20,6858 cents per trust, sb^r'e ,was
which was following on Aug
15 by a payment of 17,714 cents
In 1944, dividends"tvere as follows:-Feb. 15, 25.221" cents;
Electricity output
Edison
of the
.
/
income
Other
,,
$9,965,858 $9,371,637!
Interest and amortization of premium on bonds "'2,258,269
2,380.941
Appropriation to post-war reserve.————"'/•/ —*^*-///.; 500,000
Portion of premium and expenses on certain
'4
bonds redeemed
and -portion
of losses on
;• *
•
/;visales of real estate^.
999,951
_
•
/
equivalent
♦Amount
taxes
**/!**********"
income
Gross
Other
St..
V?
•
Co.—Weekly Output—
Commonwealth Edison
income
on
in
to
Federal -J'#*
reductions'in
1944/
——!—/
—
deductions
Feb.
Jan.
J*.n.
Jan.
—V.
group
1946
1945
184.169.000
207 307.000
26——
185,987,000
19—194,567.000
208,205,000
209,649,000
12..^.-—198,659,000
■ --■ ■■ '/
212,025,000
2
163, p. 649. •-/ •—//».
Net
income*
Earnings
of companies,
excluding sales to other electric utilities, for the week ended Feb. 2,
showed a 11.2% decrease from the
corresponding period in 1945.
Fol¬
lowing are the kwh./output totals of the past four weeks and per¬
centage comparisons with 1945:
Week Ended—
All of the outstanding 1st mortgage income
gold bonds dated Jan. 15,
have been called for redemption on Feb. 15, 1946, at 100 and
interest. Payment
will, be made at the American National Bank &
Trust Co. of Chicago, trustee and
1933,
Chicago,
trust,share
.share^. ,.•/£,
Commonwealth
,
a
p.
cents per
trust
to
capitalization consisting of 530,000
shares of capital stomc .(na per)
and that ah property acquired by
the new corporation bo clear
A any mortgage indebtedness.—V. 1C3,.
property,
$94,580
219,102
331,120
*296,153
_—_*■**-
!/ 277,692
.
-
513,071'
158.326
its
,
corporal ion
21.76
Cn Feb.
made
•
Judge Igoe set Feb.
•
/.
598,482
'
in Illinois Dec. .20,: 1920./
Co.
prepared by the company, is as follows:
share.
and
Feb.
the
Pa., or,
Chicago, 111... the
Bank,
Jan.
111,704
^047,491/270,900
March,. 17,
engaged
name
Taxes
FidelitypPhiladelphia Trust Co.", trustee, Phila-!
at the op(i,ork(,qf the holder, at'the;..Fir?t-National
delphia.
1
company, Tiled
'1,006,345
550,000
765.400
116,000
An. analysis of
Dec.
1942
$156,310
30,155
163, p. 68
1929
tion, of
the
$138,400
1,212,520
%
of the coupons then
payable appertaining.to the certificates for trust share? (of f$t£ndard
Oil Group) issued under the agreement and declaration of
dated
Judge Michael L. Igoe at Chicago by Kenneth Burgess, counsel for. the
trustees,
John B. Gallagher and Edward J
Quinn, proposes distrir!
bution of $3 500,000. in. cash to lien bondholders.'.
Unsecured creditors'
plan for
trade
Thinshell
8,518
'
1,647,276
•
income
presentation
amount
reorganization
$28,800
A;/ 57,700 /
% 326,802
Gross sales'--
/•-
railway..^
railway^i./__-
'Deficit.—V.
March
Reorganization Plan Filed—
A
<
Net'
Income
Taxes
"Dip 'N Fry," and hard candies under the trade name "Thinshell."
addition, the company manufactures and sells cookies in bulk.
For
cago,
the
1943
•
♦13,541
Combined Trust Shares
S
$9,816,231
Excess
% Profits
Surtaxes
Biscuit
saltines,
past three
armed forces.
Stock—
$135,015
1944
$160,198
♦10,815
—
from
Net - from
V;
\
-v >7.^^ Vi
is
the
,,
1945
From'Jan. 1—
(par $5)
the
of
15 to holders of
the period from Jan. 29, the
15, 1946, and is at. the quar¬
$115,945
railway.^
Net ry. oper., incomes*
;•
.
capital stock
FINANCING
Outstanding
403,750 she.
incorporated
was
Company
The
18.9 cents on
dividend of
Co.,
"Thinshell"
"
/The New York Stock Exchahge has authorized the
additional
/
of
crackers under the
In
Greenville Ry.—Earnings—
December—
Net from
I
22 Wil¬
York
Gross from
Chicago Mail Order Co.—Listing of Additional Capital
Stock—
will
STATEMENT
Tax and
$261,780
/-
8,494,018
7,142,127
deduction
/://
Income
executive offices have been located at
.the exercise/of purchase warrants/'-making Vthe; total /
applied fcr 683,935 shares.—V. 163, p. 649 and 462,
/•/// ;v//Z/
■
/■:•/., ;/://■
'•/ ■/' ://■ /
/;/'■ ^/'/%/':% ■/:/.:/■'••' '!•
,
,
four/
issuance' upon
2,398,656
from
are
Stock Exchange, has authorized the listing of 75,000
/additional; shares of common stock (no par) upon official notice of
3,921,942
Net
INCOME
Net
Consolidated
to
Listing of Additional Common Stock—
The New
PRESENT
TO
1,000,000 shs.
$2,579,276
Biscuit
payable Feb,
date
EFFECT
c. history and BCSINESS-rCompanyj,
k
New $4.25 Preferred
an
GIVING
Net Sales
1942———
.
cumulative
-
16,
working capital.
The additions to working
purpose of promoting and increasing the
packaged products and introducing, in Boston
(par $1)
1943—
of
next,
March 18,
.
Gross
board
redemption was made possible by the issuance of a new cumucumulative preferred stock.
'
* *
$4.25
each
Jan.
the
Normal
the item appearing
of
-
for
lor
Good"
Years Ended..
Dec..31—f
.
quarterly dividend of 6834 cents per share on the
stock will be paid on Feb. 15 to holders of record
,
for
share
beginning
,
the proceeds of sale of these shares for
CONSOLIDATED
.•//
The directors have declared
new.
and
used
tl945-_r——. 6,107,888
1944—10.225,082
a'total .of $53.2,52.' Funds
correction
a
of
provisions for reserve for possible future decline
in/inventory values- of $60,000/in-1942 'artd/$40,000 in 1943.
Threat.months ended Sept. 30.
tSix months ended June 30.
* /
,v
will redeem
or.
IThis is
6.106.949
2,542,231
990,058
;
the
to
4—Ed.]
Initial Dividends
income—
*Deiicjtv—V.
t
prepayment
of Feb.
regular
1.
lative
98,703
2,812,824
--;/! 6,680,425
1,898,515
railway
railway——
oper.
ry.
issue
preferred
Feb.
$528,703
$563,909
J 125,535
-79,194!;
the corporation
St., New York, N. Y.
$2.75
1942
•
From Jan. 1—
Gross
announced, that
The
i-
1943
,
♦10,083
railway-!
Net ry; oper.
elected
been
exercisable
15.
$1)
(par
rata to sub¬
shares unissued
pro
80,750
Authorized.
its outstanding $2.75 preferred
convertible stock at $53 per
plus the-TStccrued dividend from Feb*/15, 1946 to March 18,> 1946,
our
be
,;tl945
at the City Bank Farmers Trust Co.,
liam
Ry.—Earnings—
$533,006
railway.*..
from
from
Net
v
•
^
per
in
December-—.'
plants
"Crackin*
■
.
has
right
of
additional
one
stock
common
the
excess
enlarging its Chicago plant and for the purchase of
and equipment for its Chicago and West Roxbury
CAPITALIZATION,
l;:4
,
of
warrants,
expects to use
of
Common stock
:
795.134
276,738
708,984
331,342
.
ratio
The
(CST), Feb.
of
12,
in
not
1,834,823
available for
; ifAv!/ /-•/;,v
Midland
' 1
•*
amounting to 25,2'cents
3,702,544
T
of
share
11,623.418 it;;£9,155;591
9,183,016
/
25,465,654
190.
p.
'
1,792,692.
%
1 344,787
the
holders
Jan.
on
for
1
•.
Rights—
and Louisville trading areas surrounding the plants of the company
located
in
these places, and possibly elsewhere, the plan now used
by the company for the distribution of these products in the Metro¬
politan Chicago Area.
Company anticipates that the addition to its
Chicago plant will enable it to increase its production capacity at that
Columbia jJ^ictures Corp.—CorrectionIt ris
v
30,432,425
30,186,963
20,415.460
7;288,162
2,608,378
%
in
held.
will
of
'After
all
railway.
i.Y,***'."*S"it
605,568
233,508
Fred E.
Burnham, Controller,
directors.-^V:i82, -p.v 2268. /
$2,620,291
,904,465
(Boston)
Colt's Patent Fire Arms Mfg. Co.—New Director—
From Jan.
trom
494,732
ry.
—y/163, P. 68,.:
s
Gross
1,524,718
railway—
23,633
4
the
to
<CST)
share
a
p.m.
purpose
sale
73,118
90,402
.
then
capital
$73,118
■
24,898
*
•*
•
plant by approximately 42% as to bakery goods, and by approximately
300% as to candy, and to increase its production capacity of bakery
goods at its West Robury plant by approximately 100%.
92,385
1.704,833
'
•
.,} ..<*
additional machinery
'/
*58,255
J
granting
p.m.
The company
the
position
1943
$170,481
'
-i*-v.;
•>
■
1942
1944
$153,360
'
electric
of
Transfer Agent—rCifcy National! Bank & Trust Co. of Chicago.
Regis¬
trar—Continental Illinois National Bank & Trust Co. of Chicago.
-EamingSr~^;;';'/|:%%
47,071
20,545
costs
•
•
.
of
-
/
The
1945.*'—V. *163, p. 4621'
1945
from railway
oper. Income
Net
enviable
is
$10
stock
common
and any other expansion pro¬
anticipated as indicated by the
which was 127% in excess of that
$130,821
:
.'^rA
3
at
at
expire at 3
is
year
deduction
of
reason
•
kilowatt hour output
<
Company
record
scribe
of the
unexercised.
by
Consolidated Biscuit Co.—Stockholders'
financing program. jSee
The rest of the stock was
rights j^'hich were
the company in an
January,
railway
From Jan. 1—
Net
1942
.
places
railway
Gross from
«■"
V-
their stock pur¬
of
Output—■■
weekly
100,000
route • extensions
Net /ry, oper. income—
'
■; 471,755 /// 180,135
48,694
211,691
railway—
cper.
5,232,725
The
,
the corresponding month of
irom
!//!*•/'
/
energy of subsid'aries
to show general business conditions of terri¬
tory served for the week ended'Jan. 31, 1946 amounted to 234,680,310 as
compared
wun
269,390,29d ior tne corresponding
week in 1945, a
decrease of 34,709,988 or 12.88% ,^163 p. 649, ^ 7 ' % %/
/
$2,384,782
$2,372,137
747,106
$2,325,789
railway
from
V.
the
December—
from
1.154,268
13*592,580
of the corporation adjusted
7,200,642
and total payment into the treasury
successful
carried in
'
14,584,928
-
comparative purposes.
excess
profits taxes
refunding of securities.
Electric
:
,
5,832,619
92%
than
recent
Colorado & tVyoming Ry.«
Net
12 MONTHS
c; ■i-•: 1944
1945
.
the
with
all
now
its
most
traffic
Gross
the 5%- cumulative
EARNINGS FOR DEC. AND
/December—
•
capital
Our
heavy
4,623,244
practically
property
Federal
'
unanimous
forward
carry
tarried in
share
per
for
account
has been declared on account
preferred stock, par $50, pay¬
able March 29 to holders of record March
14.
A similar distribution
was made in preceding quarters.
Arrearages after giving effect to the
current
dividend will amount to $2.50 per share on April 1, 1946.
62%
of
dividend
'• •'!
v
subscription to rights by the stockholders is
most gratifying," declared Sigmund Janas, President.
"We have many
stockholders who
own' odd
lots of
one
and two shares, and they
Chicago1 Great Western Ry.—Accumulated Dividend—
accumulations on
more
They subscribed $1,714,500.
"The almost
/
A
exercised
taken up by the directors,
to
*
'••■•','.!
'
•
12,384,278
Inc.—92% of Stock Purchase Rights
connection
163, p. 68).
for
633,864
•14,746,848'
.
provision for depreciation for 1944 includes additional provision
equal to the reduction in taxes resulting from the aban¬
sha,res
in
rights
gram.
income
♦Deficit.—V. 163, p. 649.
of
6,094,811
.
company will be in excess of $1,828,000.
v '//'///A-/!//'
242,542,798 240,637,400 217,952,483 165,289,325
68,391,877
94,783,097 94,393,147
65,873,629
34,349,789 32,074,823 35,762,487
37,173,683
1—
from railway.—
railway-
490,009
6,594,941
7,458,327
3,356,981/
Airlines,
special
inclined in
640,054
190.
p.
stockholders have
chase
$16,283,248
5,824,992
railway—
from
4,439,760/
and
$1,081,381
.
163,
15,784,928
reserve.-./1,200,000
•
of
certain
property, principally manufactured gas property.
Amortization of debt discount, premium and expense includes special
charges in the years 1945 and 1844 of $8,268,685 and $3,035,016,
respectively; equivalent to net reduction in Federal and State income
v':/;Vl942:%/
1943
1
-
■
—
to
3,988 580
541,241
-
income
The
Exercised—
1942
1945
1944
.
1943
railway—.$ 16,458,711 $20,045,773 $19,532,244
'22,386,487
7,601,959 / 3,186,035
oper: income-.6,947,622
7,119,142 ' ♦ 408,916
from
From Jan.
1944
■
$1,157,913
13,196,914
income—.
Colonial
,
Net
-
■■
railway—/
11 038.640
deductions
of $1,400,952,
Shares of Capital - Stock to Retire Bank Debt. of Con¬
solidated Concern.
See National Candy Co. below.
Hearing Proceedings—
December—
Gross
6,072,065
3,181,322
12,796,775
'Deficit,—V.
Quincy RR.—Earnings-
Chicago Burlington &
Net ry.
1945
14,244,001
ry/tcper.
15,749,631
expense...
donment
456,276
■/:
Commission announced • Feb. 4 that
at its Philadelphia offices on Feb. 11 to
order should issue suspending the effec¬
tiveness of,the registration statement filed by the company,
It is
charged that the registration statement contains untrue statements
of
material facts and
omits material facts required to be stated
therein or necessary to make the statements therein not misleading.
The registration statement covers 1,250,000 shares ($1 par) of com¬
mon
stock proposed to be offered in the United States at 35 cents
(Canadian) per share by W. R. Manning & Co. of Toronto, Canada,
as sole
underwriter.
One million of the shares are to be offered for
the account of Chesgo; 250,000 shares are apparently to be received
by the underwriter as a bonus and to be offered, by'him to the
public simultaneously,-!—V. 163, p. 68.
from
3.898,532
ry.
Net
on
sub.3
NOTE—At Dec. 31, 1945, dividend arrears Of $29.25 per share on
outstanding shares of the corporation's $6 series preferred stock
(not including fractional scrip), after taking into account dividend
paid on Jan. 2, 1946, amounted to $43,340,339.
462.
railway—..
46,127,564
14,881,660
of
/,
23,730,124
27,273,328
7,083,795
;
$1,178,993
621,534
492,069
,
Net
*
582,578
hearing would be held
determine-.whether, a stop
Gross
6,451,720
3,453,622
26,971,509
railway_.___>
$996,307
railway-^/—^ '♦1,176,641
oper. income—
♦1,233,750
Net
Exchange
and
Securities
The
a
6,376,123
from
lrom
50,453,667
debt
disct., prem. and
Balance, preferred -dividends._/_.______^.-/-^
RR.—Earnings-
From Jan. 1—/
22,140,493
r
9,019,145
preferred stock of subs.—10,2'26,691
long-term
on
'Restated
217,989
.1—
income
Approp.
%;
754,647
.-■!•
Clinton Industries, Inc;—Underwriters to Sell
Chesgo Mines Ltd.—Stop
.
♦701,876
from
:
1,536,161
873,595
1,684,820
557,279
railway—
from
Net
'590,577
151,321
Net
3,922,834
4,354.273
4,572,500
4,031,070
railway!.!/...
from
383,350
Net
Grols
91,769,669;
plant
the
/■, .December—•
From Jan. 1-—
Gross
1942
$2,307,002'
$2,245,510
i
Other
,-
3,176,542
p.
of
of debt
Dividends
■
28,150,035
.../
income
Gross
Interest
Amort,
Net
'
:/:/■;■ 1943
1944
'47,634
163,
■
:,
$2,031,128
'200,587
railway.___
216,656,150 206,601,590
—
depreciation/-^/._/____L_/^i1i/ 21,332,719
acquis, adjustments-,-.*.^-V -9,494,660 ;y 8,322,609
General taxes "
•
16,506,894
16,261.170
Federal
income
taxes—„:1;
10,832,704 i>: 9,666,365
Federal excess profits
14,539,194
12,313,717
and First Na¬
■"
lV»s;
for
100
AND 12 MONTHS
$2,155,629
railway
oper.
.
134,110
'i2,obi
,
83,181
bee.
v
Clinchfield
Gross
Paul,
1945
♦Deficit.—V.
•
$339,150
182,120
from
ry.
for
/•Amortization
100.061 for l3/ss; Harris
Chicago, 100.4675 for 1%S:
income
revenue
company
Hutzler,
St.
of
railway-^..
from
Net
\:
%/• 1342
$394,684
$361,109
-121,299
27,564
17,904
railway.
from
Net
1943
.1944
$287,518
railway—
from
•Gross
i-
1945
&
for
Bank
railway-
oper.
Net
of 87.5'/!'.
The netshare oi outstanding common stock, partly
reilecting the leverage factor of the piCferred shares, rose 164%/from
$2.51 to $6.64 per share.—V. 162, p/2388',
"
^ Western! Carolina Ry. -Earnings—,.
100.025
From Jan. 1—-
an increase
asset value per
Charleston
of
from
Net
earlier,
December—•
Gross
Trust
l%s; Harris, Hall & Co., Inc., 100.40 for
Salomon Bros.
National
the
by
December—
--V
■*"':%/-!:;7
/%/
Commonwealth & Southern Corp. (& Subs,)—Earnings
12 Months Ended Dec. 31—
J,-/ •)■/-■!' 1945 ■''1944 Z
.
Provision
unconditionally as to payment
and are being issued to
guaranteed
February 11, 1946
./Operating/expenses.:
of the cost of 400 new 70-ton gondola cars.
on a
bid of 100.159. / Other bids received at <
EARNINGS FOR
Net
-
awarded
was
V,
Corp.—Asset Valuecorporation, a closed-end investment trust, reports a net asset value
for the 1945 year-end amounting to $883,258, compared with $470,772
year
be
dividends
Savings Bank,
Chain Store Investment
a
to
are
and
were:
tional Bank
„
*
67.
p.
certificates
par
V /
$722,404
244,006
8,241,388 /( 8,790,303
from railway—1,120,839
1,940,575
ry. oper. income—
49,378
828,024
railway*!*!*;
from
Gross
1942
.1
$793,118
$647,792
from railway..;.—'
78,611
ry. oper. income—Uv ;%'33,649 I//; ' 4,102
;
certificates, due 1947 to 1956, which they are re-offering, subject to. Interstate Commerce Commission .ap¬
proval, at prices to yield 0.80% to 1.45%, according to
maturity,,
►
^
provide not exceeding 75%
$682,442
58,635
/
,
Ry.-
Omaha
Offered—Halsey, Stuart & Co., Inc. were
/■high bidders Feb. 6 for $950,000, 1%% equipment trust
of
Gross
Minneapolis &
Certificates
Vermont Ry.—Earnings-
Central
St; Paul
Chicago
/
authorized'Common
All
sold
CHRONICLE/!Monday,
FINANCIAL
Decrease
11.2 '-r
*10.7
7.2
6.3
per
—
__!*
common
sales
$6,429,945 ; $5,819,298
...
!*!!-%
share**:——
from redemption
of real estate/
♦Resulting
of
certain
'
bonds
$3.89
$4,41
and from
losses.
;•
on
J
*
for 1945 the company;
deducted
a
has
portion
($946,511)
of the
premium and expenses ,
incurred in redeeming $3,769,000 Consolidated Gas Co. of Baltimore City 4%% bonds in 1945, and a portion ($53,441) of losses on sales ,
of
real
estate,
equivalent
to
the reductions in Federal taxes on y
•income attributable
to these transactions; and has charged the re¬
mainder of these items ($122,570 and $6,394, respectively) to surplus.
In 1944. the entire amount recorded for similar premium and expenses •
NOTES—(1)
($190,120)
'
In
determining
and similar losses
its
net
income
($171,544)
was
'charged to surplus
■
and,-/
Volume
the
net
the
amount
income
to these
Number 4463
163:.
has therefore
addition
to
that
reductions in
the
been
and
included
year
Federal, taxes
net" income
The-
for
restated
"Depreciation
:
for
reported
.of
transactions.
££////:;
•
comparative
normal
at
reported
1945
and
1944
include
$1,267,226, .1
respectively,' equal to the
the
deduction
for
current reductions in taxes
purposes of amounts allowable
tax
of emergency facilities
<
instead
of
124 of the
section
under
depreciation
the normal rates.
at
in
amortization
as
Nov.
■share
1945,
1,
V.
Commission
163,
of
Maryland
in
its
opinion
of
Nov.
23,
.
Consolidated Edison Co. of New York, Inc.—Output—
;
in each
The company on Feb. 6 announced that System output of electricity
(.■(electricity generated and purchased) for the week ended Feb. 3, 1946,
amounted
to
198,200,000 kwh., compared with 195,200,000 kwh. for >
the corresponding week of
1945, an increase of 1.5%.
Local distri¬
bution of electricity
amounted to
191,300,000
kwh.,; compared with
.181,500,000 kwh. for the corresponding week of last year, an increase
of 5.4%
V.
lic
Inc.—Stocks
dlMr!°Rentschler
stock
and
ferred
and
one
new
share.'
common
Proceeds from the
chase
working
.
>
-
1946
$2,132,511
.
—V.
1S45
1944
$1,869,146
1,
Feb.
issued
S. District Court for
the U.
in
The
'
and
order
an
/each
Consolidated Vultee Aircraft Corp.—Expansion—
/ /
into
Irving B. Babcock, Chairman of the board,
that
this
has purchased controlling interest in ACF-Brill
and its wholly-owned subsidiary, Hall-Scott Motor Car Co.
manufacturers of motor buses, trolley coaches and spe-
(California),
cialized
,
"action
engines, lrom
American Car & Foundry
Involving" approximately $7,500,000.
Under
terms
American
cash
;
.
Car
■1
-
-
cash
snares
i
trans-
of
one
the
largest
States
manufacturers
of
buses
shares
mon
,
/
and
elect
.'
of
Holders
cash.
in
v ,' $80
make
to
of
The
;
retirement
powered by Hall-Scott underfloor engines, and the
modem advances such as air-conditioning, radio
;
offer
's
standing in
each
to
In
3ou,00v,00ol
.* feet
.
ol
facilities
Plant
29
space
of
acres
on
at
Philadelphia
incorporate
in
present
include
ground.
address
804,000
't the
of
excess
square
*
of
.
7
v
their
of
order
Having divested itself of substantially all interest in Brill, the Amer-
to
benefical
avoid
to
the
event
bonds,
i
shares
of
ratable
/
.
^
ufactures-bus.
i
Scott
marine
produced
retrievers and
;
and
industrial
specialized
other
;
engines
motorized
face
transportation
engines.
for
and ordnance material
equipment,
of
the
aircraft,
facilities.
.
;
During
the
He
company
pointed
aircraft wing'sec«" A
and manufactured
'
*
„
11
.
v
be
may
used
augment
to
Brill's
commercial
includes
the
the
Ohio
offer
of
exchange
and
be
will
is
principal
to
in
pay
dividend
a
of 5.2%
of
bonds
bonds
which
the
they
personal
and
aircraft.
Present
military
will manufacture
for
commercial
airlines
'
1
"
,
•
'
,
Consumers Power
''•/'•'
$500
for the
''
•
It
Co.—Earnings—
12 Months Ended Dec, 31—
Gross
'
1945
•
entitled,
the
Central,,phlb.
of:
annually,
'
proceeds of
debt————prem. and
6,346,313
—
——
For
will
-Nhh,
income
on
preferred stock.—/
$7,049,440
3,184,912 V 3,424,818
1.
——
%■'>////•.:/■ %://'/:•v '<.■'-j'""■
Balance
$3,914,856
*
of
$7,099,768
——■—
—
.
Dividends
rv""1 [
.
will
Ohio
of
then
that
sell
of
Central
and
Final
will
,
.
,
The
provisions for depreciation for 1944 includes additional provision
of $1,202,300, equal to the reduction in taxes resulting from the aban¬
donment
certain
of
manufactured
i-Amortization
of
charges
vears
the
in
plant
property.'>.
gas
acquisition
1945
and
respectively,
P excess
of
equivalent to net
reduction
taxes" resulting
from
the
in
facilities
on
respectively,
excess
equivalent
profits
by
taxes
and
Federal.
$2,989,479,
Income
amortization
requirements
•
•
Co.,
of
Deor.
bonds
of
to
are
shares
31
Crescent
which
to
net
reason
reduction
in
Federal
of. deduction, of
.
Income
costs
in!
transaction'
be
^
'
Continental Can Co., Inc.—Official Promoted—
Hans
Mr.
dent
A.
Eggerss. has
Eggerss is a
in
charge of
Container Company,
been
Executive
company
and
Vice-President/
of
has
been
Vice-Presi-
and plastics.
He is also President
subsidiary.—V. 163, p. 649.
>
,
;
*
paper
a
of
The
*
,
to
stock
issued
and
cash
will
be
the
.775
or
The stockholders will meet March
the
*
'
vote
for
a
each
share
held;
"
D.
V
A.
200-.648
no-par
common
Williams, President, says
.J:
;
V
;
'?
shares.
that the
t
J
>
'
r
■■
increased
'
V"'L-.jVlJ:
number
L: ' !'
of
shares
»•(.'. l..a..
;G.
the
proposed
Oh'o
will
be
made
stock
of
the
$1.60
for
sale
or
in
such
cash,
for
other
paid
audited
of
lieu
in
and
taken
be
Board
•
•
Crano,
44,000
4 56,331
-1,346,0CU
98,134
162,524
.
285,8"s7
&71.J7O://J,021,73O v (3,8*y,oo0
»■■■» 't'»■■■■■!■■
—I
'
-Mi '■ 1 I'l
3,991,06j
_
%
I.
/■";
■»
chgs.,
$4,261,987
820,813
railroadc de-r
$3,744,937 $12,262,755 :$15,948,562
1,0)20,722
•%'/ :/!<' Cif/K
'
4,-266,558
:
i-1..s
.
*
'
-
578.466
118,545
.
2,735,433
5,187,833
-■
144,653
and
3,453,865,
.
■
705,688
470,9: V
de¬
661,975;
653,269
2,662,863
.2,5]0,p81
1,246,713
532,511
.
"753,788
-
■///'//
tax credit resulting
from this adjustment amounted to $1,380,-
162. p. 2144.
-
from
railway
*1
•
-Earnings
,
$5,91.9,616 ? $5,607,920
$6,129,192
r;424,441
1,032,962
1942
1943
1944
1945
railway—,$5,083,405
"2,313.853
2,514,904
*2,117,571
*3,150,649
1,009,151
74,825,481
70.346,987
railway/1—14,246,504 20.569,809
income
*1,153,850 10,554,956
* Deficit.—V. 163, p. 69.
//
70,194,002
54,475,496
24,192,502
12,050,824
23,214,802
*460,554-'
income,—
the
Gross
Net
•
on
stock-
Crescent
from
oper.
ry.
from
Net
ry.
.•
of
«
of
Gross
from
Net
ry.
*
will
bondholder
a
of
g^n !pn
Ohio
p.
President,
on
common
Central
2815.
Jan.
covering
of
proceedings
1944
war
$175^613
the post-war credit of
were
stock
Ohio
.
and
cash
-
stock
common
will
be
29,
with
contracts
in
a
letter ta the
the
War
agent
128,975
railway....// 3.451,864
3,345.911
2,801,612
2,880,759
744,058
667,495
477,655
;921,352
917,934
874,664
630,665
1,199,347
1,509
railway....—
oper.
income..^
163,
p.
■
$292,717
v
118,315
<
69.
resulted
in
to
a
cover
this
charge,
New York for 400,000
December— ■■■
Gross from railway—^
Line RR.—Earnings—
1945
1944
1943
$307,189
$359,967
$ 416,692
V
:'
1942
.
Net from
railway..—
?.
;!/ 218,252
96,064
"
$381,233
220,946
209,760
,3J,570
3,991,774 V 4,280(735
,114,183,853
4,164,644
Net
from: railway——.-i
1,729,362 % 2,157,585
ry. oper. income...
163, p. 69. •
v
/
2,136,026
681,936
2,208,074
p. Net
>
•
/
//
ry. oper.
income^-.
86,779 :..;
•
'
37,181
59,i64
1
'
from, railway^.
♦/Net
reduction^ in
net profit of
aopointed transfer
shares.—V. 163, p. 650.
•
;
the
in
Detroit & Toledo Shore
stockholders^
"■•/O-
•
Co.—Transfer Agent Appointed—
Guaranty' (Trust Co.. of New York has been
/
Contracts Adjustment
a cash"paymenf-ta the-
net,* after giving - effect
profits tax of $50,175,
to
14,250
Deficit.—V.
The
received
,
,
excess
sufficient
39.461
•
/
:
Detroit Harvester
(lie, exchange bf Crescent
•
reserves
?' "..*9,702
r
1
j
any.
the
from
Net
1942
$300,143
31,712
From Jan. 1—
which
bonds
1943
1944
$252,723
10,378
railway^/---!//
oper. income™
Central- Ohio
the
case
-Earnings-
$314,294
railway-
from
Net
17,229,206
1945
December—
Gross
rd!sposition'
Ry.
Salt Lake
&
Denver
>>
~
'
1—
railway.
/Net 'from
dissolve
From Jan.
wXlross..
V.
:
5,812,705
From January
settled.
to
'
.
Government
"As
,
(& Subs.) —Earnings—
m,.J57,866 4
£8,500 /
f
fixed
Net ry. oper:
annually
share
to
exchange.1 In the
gain realizecP'by
any
Central
disposition
"Renegotiation
:/
dealer concession of $1 a
"
; ;
a
an
from
Net
clearing with
tax -returns" and:
final
per
dividend
1
.
-
other
.7
block of 30,000 common shares
a
,,
December—
after
.
dividend
common
the
unti!
stock
S.
said:
12.—
S/•/%;%•;•:%/% ■
1945 amortization charges, for the quarter and year,
adjustment charge of $3,283,945, resulting lrom the shorten¬
of amortization period for railroad defense projects.
The Federal
Gross
Cutler-Hammer,.Iivc.r-rRenegotiation /of Contracts-—
proposal to split
upon
•
shares
plan provides for the authorization of 1,000,000 shares of com¬
mon stock having a par value of
$14 a- share, of which 501,620-are
to be issued immediately after approval in
exchange for the presently
outstanding
-
19 to
capital stock on a basis of 2V2
The
Fed.
on
/"
Denver & Rio Grande Western RR.-
value
estimated
an
/
i
•
proposals
cluded
stockholder
.
' i: by the
stockholders.—Y., -162,
Continental Steel Corp.—Proposed Stock Split-Up—
i' '1
■
ing—Lee Higginson Corp. on Jan. 31 successfully con¬
a secondary offering of 10,000 shares of common,
stock at $87.50 per share, less $2.75 concession to members of the National / Association of Securities Dealers,
Inc.—V. 145, p. 2842.
:
Co.,
recognized only to the extent of the cash
received
by the stock¬
holders. There will be no further taxes on the transaction until the
or
above
preference shares will
and the first pay¬
half year ending 0.1
31
the
Dentists' Supply Co. of New York—Secondary Offer¬
common
owned,
owned,
with
stockholders
taxable.
sale
'
Exchange,
5 % /cumulative
•
v
the
share with
308.
income
078.—V.
estimate
distribu¬
Ohio
Central
common
stock
common
STOCKHOLDERS—^Likewise,
•
all
of
^Deficit.
,
redeemed
common
elected
director of the
on
Central
are
new
of
pay
will
shares.
common' stock'received
V
•
repayment
■'■'
'
Stock
the
of
600,000
u
,
they
and
"
for
■
1
t>
share
per
Inc.—Secondary
Offering—Kuhn,
a
secondary distribution in the
railroad; fixed
on
,
'and
Incurred
'
•
1946,
on
6u.
NOTE—Hie
BONDHOLDERS—For Federal Income tax
purposes, any gain' realized
by ft!, bondholder'on the exchange of/income bonds for Central Ohio
common^" slock will be recognized v6hiy ;to ' the extent of the "cash
received on th<" 'exchange. There Wiirlbe no further taxes on the
of
'
expensevincludes
of $5,935,931 and $459,378,
cumulative
accepted
not
as
chaiges
include
will
Service
the
foregoing
exchanged, the
share of Crescent.
Crescent common stock
TAX:SITUATION;
.
cumulative
Agency
of
which
Council
the
1,1
^
pletion charges
per
be
•-
V; i
taxes
l/ /"'w
-property
Other deprec.
ing
Empire Southern
amount
income
consist
will
shares
conversion
In
31,
'
offered
163, p.
J
bef.
Net
$24.25.
shares
of
out
The
&'
a
debenture
5%
new
commission
-
>
Aug.
taxes
Income
company,
the
and
cost
of
f
refunding of securities.—V. 162, p. 3190.
»
Co.
be issued.
new,5%
the
Securities
to
f%Iense-jprojeetsU^;.3,388,334
accordingly.
securities
Ohio
of
the
to
wilF vote
■
7'Atd.
to
.
i.i
ox
;
on
in
by
of
deal
to
Records,
-
&
Fixed
about
Ohio
company
| holders would be $1.24 per share annually.
discount,, premium -and
special charges In the years 1945 and 1944
■,
made
of
12,000
that
of
the
4'Ad.
premium
the
are
sucn
into
Is.
the
premium
Limited
issue
made
etc.
to be approximately 49 cents per share,
If the proceeds of the sale of securities
foregoing estimates, the cash distribution will be increased.
distribution
Based
special:
accelerated basis,
an
debt
of
Amortization
.<' the
•.
includes
$2,522,855
profits
emergency
(
adjustments
1944
'
;
be
/'/
Net
which
of
issue
Central
save
the Bureau of Internal >Revenue, the company's
any prior returns which. may not have been
After such distribution appropriate action
will
for electric.' gas and heating service ordered by Michigan P. B.-Coin4"'(vlm^'Mon^ithout change in rate schedules. •. -
,
will
be
t /T ' ..1^ /
•
:
and
Canadian/ income
cash estimated
total: of
fractional
fractional
will
Ohio
share
receive
$23.76
No
'
NOTE—GrosS'-. revenue reflects reductions bf
,071,067 In .1945 and i
$4,1.1m,999 in l."<44, being 20V and 75%. respectfvelv, in December bills
-
V,"
the
the
issue
of
sum
representing
215,470
underwriting
permission
shares.
Amort. ;Of
company,
an
dividend
Power
shares
40
Central
each
the
of
the
and
preference
be paid in
to
2,- England, > who have agreed
price of 2s. 7'/ad. per £1 share
the
at
same
'
>;;
stock
of
time
10s.
right
holdings V
their
cumulative
same
of
the
E, -C.'
stock."
will
Other
CRESCENT
$1,250,000 of
each
i, making a
? exceed the
11
$3,624,621
(
that
of
80,048
'
sale
Central
stockholders
for
share
1,036,906
99,544
exp.
to
stock
4,147,063
•
Amortization of debt discount,
Other deductions
4,280,777
(21
tion
$17,826,408 $12,313,458
__
long-term
the
Colorado
and
and
Income
011
TO
convert
5%
110%
384,530
London,
fnucme
,
common
1$ equivalent to
which
recapitallzat on
transaction
stock
common
at
stock
event
STOCKHOLDERS—Following the
consummation
of
the
foregoing
transactions, t it is proposed that
Crescent: will distribute pro rata to. its stockholders its remaining
assets, consisting 1 of cash and the shares of Central Ohio common
stock not required for the exchange- offer. :
Assuming (1) that the
.
Gross
this
£1
;
(Includes Hudson Coal Co. and its subsidiaries shown separately)
1
^
1945—3 Mas,—1944
1943—12 Mos.—1944
of a material change/ irt ; '^.Period End. Dec, 31—
Gross/
$19,627,702 $21,068,376 579,327,244 $86,723,653
the plan at any time before
^/Expenses
.15,623,911
16,201,378
62,954,-01
65,152,241
by calling its income: bonds pursuant
/ Prov. for Fed. taxes on ■■%;/..//ox./::Vv£;;.- /' •/:/'' f'-%:
/■ ;;/"
/"
i
Cetral
preferred
DISTRIBUTION
«;
„_
'
Interest
that
in
year
of
amend
$1.60
the
premium
a
preference shares
Delaware & Hudson Co.
,
preferred stock of a lower dividend rate, and wilt
proceeds of .such sale, (together with other funds in its
lot the-redemption of the remaining $8 preferred shares.
a
benefit
1944
with
cancelled.
shares
m
shares" of
snare.—V
new
estimated
is
$35,800
;
.
„
$61,741,167 $56,649,790
Operating expenses
.——v--—26,748,812
27,430,155
Provision for depreciation-^
6,551,500
7,383,050
Amortization of plant acquisition adjustments.
2,628,001
; 2,989,479
General
3,273,744
3,220,854 :
Federal Income taxes
3.545,386 y 2,871,858 •i
(Federal excess, profits tax,
1,167,315
440,933
revenue
be
-a
.treasuryi
•
r
of
date
converted
.
counter market Jan. 18
/
$6
connection
will
utilize
.
463.
p.
5
in
shares
*
:
been
<
-
an
/(par $1), at $56
PREFERRED SHARES 03*?■ CENTRAL OHIO
CO.L^Central Ohio has outstanding. 13,972 $6
OF
: &
shares
-
.■
' ■: .'
'
,
Ohio
and
.
.
•
-
Decca
1 POWER
preferred shares," of which 2,000 shares - are owned 'by Cresbentv lt is
proposed that Crescent will deliver. 1,972 of said"shares to. Central
is pro-
uow
*
<
IjGHT
production
six-engine
a
a twin-engine transport.
»
"REFUNDING
to
the
converted
exchanges
.
plus^accrued interest to,the date of redemption^'
amount,
the
of
Loeb
'
the estimated value of $30.67 per share,
on
be
to
up
new
at
that
to
to
remaining
St.,
Ed.]
of
are
of
amount
•'
; (that
date.
>
.
■
LThe-stockholders
offered
amount
in full
at
new
unissued
present
preierence
■.■' /•/:
debenture
1946,
the
and
28/ 1946,
have
the
of
600,009
ment
amount
are
6% %
28,
of
cumulative
Aug.
not
for
expenses
exchange
principal
of
r'
the
may
made
income
their
cash
made
.
in
lower
a
aggregate
an
to
stock
reduction
if
5%
on
Broad
preference
RETIREMENT GF UNEXCHANGED INCOME
BQtfpS—Following the
A exchange of income bonds, company will call fo'r 'redemption all of
the
remaining income bonds not so exchangedUa$^4heir . principal
production
XB-36, world's largest bomber; the XC-99, troop transof the XB-36; and several other restricted models,1 The
version
corporation
.
permitted
Central
will
return
limit
to
necessary
made
be
the
of
;
The dividend on the new 5%
cumulative
.be payable half-yearly 011 Feb. 28 and Aug.
the
on
ac¬
notice
existing
winding
the
Feb.
paid
accrued
shares.
Issue
Old
'Vv'
out
Stinson division of the company
duclng a four-place personal airplane.'.'
Vf"' CSee also' American Car & Foundry Co., above. 1—V. 163,
.
be
exchange
stock
a
-
.
;
is
Crescent
the
of
a
,
bonds.
against
the
in
lo.iows:
cumulative
of
.
port
;
a
the
.
income
.((to the,indenture,
4
: It is
contemplated (that .the new shares
that Convair's Nashville Division already is
manufacturing kttchert" ranges and plans to produce other products: for
companies in the AVQOi family.
'
' / '"/v
'/:•
: r
:• Consolidated VUltee Is"6ne
of,hatlon'is lafgesl -producers of mili¬
tary.
„
Hall-
war
patrol boats, tank
Brill supplied essential sur-
Looking to the future, Mr. Babcock said that surplus plaint -capacity,
„
wdl
The
plan provides
that
circumstances the compaaay
;
high-speed
equipment.
,
.
less
•
man-
it
in
liability
$1,250,000
for all other holders.'
.
tions
;
Car- &
Hall-Scott Motor Car Company, located at Berkeley, Calif.f
The
-
\
Canadian
Foundry Co. whereby the latter produces Brill designs for the Canadian
market,
■
;
with
agreement
than
more
(for exchange, the holders, of
and
license
a
tax
in
value
fully
as
new
Application
decisions of
the
than
nominal
London, /for
denominations, who
distribution
forth
of
which
£600,000.
as
•>•', %;,/%
••
holders
later
shall
as
debenture
com-
of $1,250,000 of income, bonds, which are out¬
the principal amount of $2,750,000. The company reserves
closed.
has
set
business.
redemption
months'
six
issue
an
of
are
front
right
the
redeem
To
the
proportionate
a
the
stock
on
12,000,000
5%
in
;
to
consideration
maximum
a
or
also
holdings
serious
a
income
its
of
lean Car & Foundry Co. will not manufacture buses or trolley coaches
for city operation, or buses for inter-city operation,- Mr, Babcock dis¬
Brill
other
of
receive
offer will
right to declare tne plan effective
bonds is offered for-exchange."
In
:::
*
*
wdl
exchange
*
public
bonds
Income
the ."exchange,
cash.
and
stock
:
;
the
for
wnich/such stock is redeemable less the
subscribe
•
•officers, directors and affiliates of the company as to whether or not
they will respectively accept or reject the exchange offer with respect
,
vehicles
the
of
600,000
the
anu
the
To
117
v
holders
that
preference shares
and any of
the
the
holders of the debenture stock
that
bonds will be given the opportunity to exchange each
for 30 shares of common stock of Centn.l Ohio, plus
bond
in that capacity,
Mr. Babcock said..
1
•' * ",v
; ''
Present production by Brill is concentrated on two models of de-luxTI
buses, one, for city and the other for inter-city operation. • Both are*
The Brill backlog of unfilled orders is at
of
income
$1,000
Vultee working^ together will create, a/well-
BONDHOLDERS—The
TO
OFFER
EXCHANGE
■}■ pany's
rounded organization," Mr. Babcock declared.
"The two companies
complement each other; one working -in- the. field of surface transpor tation while the other is engaged in the field of air transportation."
system.
books
the
on
$300,106, thus giving Crescent 84,000 new shares.
total of
.
and
value
and, In addition, Crescent will'purchase
additional 9.785 shares at $30.67 per share or' a
from Central Ohio an
(//////Ronald R. Monroe, president of Brill, will continue
-
stated
a
New
the •> interests
in
funds
aebentuie
amount
detail
debenture stock
which
5.
owned by it,
now
"
„
have
part:
of
purposes
and
redeemable
convert'
rank
interest
of
preference
at $50 per
share, will be replaced by 84,000 shares of
common
stock (par $10), Of this new stock. 74,215-shares will be
issued to Crescent in exchange for Central Ohio preferred and com-
160,464 warrant against 280,044 outstand-
United
wnich
par),
(no
to
are
same
and
stock
OF CENTRAL OHIO—The capitalization of
Power Coj., will be changed. The 20,000 common
&
in
stated
provide
propose
in
and
into
credited
£1
4.
company
-
-
trolley coaches.
"Bril) and Consolidated
*
a
-
-. Each warrant carries the right: to purchase: one common - share
at $12.50 until Jan., 1, 1j5Q, and $15 a share until Jan. 1, 1955.
It
is expected that Mr. Babcock will become board Chairman
of
"Brill,
>V
in
the-purchase Consolidated Vultee will acquire from
& Foundry Co. 443,139 of the 962,378 common shares
ing.
,r
Co.
-
Ohio Light
is
nominal
proposals
not
lu%/ at
at
RECAPITALIZATION
Central
of
issued-and outstanding, and
,
\
I
the
per
of
,
announced
corporation
Motors Co.,
(
Jan. -31
on
to
6^2'/(
deed
directors
the
of
v.
offer
shares
"
/
,
time
£21o,47y
trust
the
payable
To
exercisable
Company owns all of the outstanding
and all of the outstanding
common
stock of Colorado Ceritral Power Co. It is proposed that
these
securities
will be told, ajd the proceeds of sucn saies are
estimated at $1,700,000.
The ^company .will
then have one remaining subsidiary-^namely,Central Ohio. Light & Power Co.
-
163, p. lvO.
18
general
advisable
it
share,
pel"
3.
Empire Southern Service Co.,
of
Create
10%.;
rhares
which
now
.
-
-."t
'
preference shares,
a.
To an-er the rights of the -existing
10% participating preference
shares of 5s so as to confer on them the right to a fixed cumulative
preieience
dividend at the rate oi",16%
being the maximum rate
OF PROPERTIES—The
securities
Jan.
on
the
lor
same
consolidate
ordinarv
directing
amended, is summarized as follows:
plan, as
SALE
$1,447,649
the
board's
To
I.
the
of
capital
The
the District of Delaware
declaring the plan fair and equitable
that it be carried out in accordance: with':.its terms.
for
with
^ecwiuiugly
share
and
consider
at
premium
a
Findings and Opin.on. The Commission's Order
1943. The Commission will promptly-' file
an
Commission's
the
to
(England)—To
Chairman,
outstanding
cordance
».
.
ivavigator
directors
the
1945.
was
1943
$1,527,974
:
-•
and." Alliance,
Onio;
Savannan,
Ga.;
and New Albany, Ind.—V. 163, p. 463.
Ltd.
Co.,
Entwlstle,
shareholders
the
application
Consolidated Retail Stores, Inc.—January Sales—
Month of January—
The
original plan was revised to meet certain views and suggestions
commission's staff and
amended plan was filed on Sept.
After a hearing on the amended plan and numerous con-:
Terences' with the Commission's Svatf, tne Commission on Jan. 22,
1946 issued its findings and opinion.
On Jan. 28, 1946, the company
filed an amendment lurther modaymg tne pian in order to give eHect
sale will be used to (acquire a new building, pur-:;,
and eo.uipment, retire a bank loan, and provide
capital.—V. 163, p. 463.
-Sales
-,'/••/./.'•;
company
requires additional, finance
for
the
re-equipment
extension
of
the
record
factory,
for the development 01
uie
Lecca
This
machinery
additional
Service Co.—Amended Plan—/
Record
Cyril F.
1944, company filed with the SEC a plan for compliance
11 of the, Public Utility Holding Company Act of 1935.
4,
Section
with
25
common
Oct.
On
Offered—Pub¬
of
.
;Tne
and
been
01
.(par 10(f) was made F^b. 8 by Kobbe, Gearhart & Co.,
Inc., and Newburger & Hano; at $5 a unit of one pre¬
,
of
of
shares
Wages—
Issue of 5% Preference Stock—
President of The National City, Bank from 1929
Chairman since that date.' Mr. Murnane is a
Vice-President of The New York Trust Co. and a former mem¬
the firm of Lee Higginson & Co.—V. 163, p. 308. :;0
•
"
former
ber
stock
120,000
>/■/,/
'
:
Decca
;
was
has
and
1940
to
offering of 120,COO shares of 6% convertible ($5 par)
preferred
of
pro*its for
•
'Bridgeport, Conn,; Columbus
'Gretna, Lav; Nashville, Tenn.,
; Works^-New Directors—
. v
S." Rentschler. Chairman of The National City Bank of New
York, and George Murnane; partner, Lazard Freres, have been elected
Crescent Public
Industries,
Corp.—Increases
statement
; r
.
cations.
Gordon
163, p. 649.
Consolidated
•
1 ins
corporation is one of the largest, manufacturers in the field of
.Industrial Chemicals and Fertilizers having plants in Baltimore, Md.;
<
,
-
,
the
retained
-
The corporation on Feb. 1, announced an increase of 15 % lit wages
salaries to its employees and, those of its subsidiaries in all lo-
April 1 to holders of record March 15. Like amounts
quarter during 1945.—V. 162, p.* 2815.,
1
^
1946, both payable
were'paid
by
with
'
and
preferred stock, for the quarter ending March 31.
6!/a%
the
on
Chemical
shown
as
compares
162, p. 2940.
1945.— *
649.
p.
•
1543 of( $1,674,687."—V.
year
Davison
Divi-
Usual
v,i'1
:'r.(
•i i The
directors on Feb. 5 declared the regular quarterly dividends of
$1 75 per share on the 7% participating preferred stock and $1.62'/a per
Internal Revenue Code
Effective
•
Declares
Telephone: Co.s
Continental
dends—
from
resulting
the normal rate (used since Jan. 1, 1940V applicable to this company's
electric properties was reduced from 3'A%
to 3%,- as directed by the
tV S.
the
economies
and
$1,901,958
rates,
777
Dec.
its marketability
for' 1944
.,
$1,753,348,
before renegotiations,
31, 1944, is unaffected, - Tnis
will tend to create a more general interest in the stock and improve
and: the low unit par value will accomplish substantial
in respect to transfer taxes.—V. 162, p. 2269. ^
: 1 v- ;
was
income attributable
r'.«'O
•
FINANCIAL CHRONICLE
THE COMMERCIAL &
purposes.
amortization""-for
provisions
$513,072,-which
on
previously
-,1
.v
■«■
..
565,927
•
:
693,529
731,656
Monday, February 11, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
1
1946—Month—1945
$775,025 :$667,908, • $6,821,010
127.A
Sales
—V.
"p. Tsfl.7
163,
'
\
/.
$5,818,JUS)
Ltd. —Earnings—
1944
'
of
production——
2,455,889
"
Gross
Net
,
1942
Federal
normal
Pederal
excess
Canadian
§ Refundable
$4,023,280
$2,951,954
$3,599,531
936,226
.."771,540
768,343
$3,888,180
$4,371,071
$4,791,623
A
109,442
Total
$3,182,151
—■
26.968
:
36,736
$2,299,564
* $1.18
profit fo- year—
Earnings per share-—— '
162,
54,740
•'
J
2390.
p.
1,
,due
Nov..
branch
1
s
»A'
**
'
$3,342,832
:>7 $1.72
•
'■
;
.
/
^
*• '
'/ •" *
4
v»
s■'
i
Industries—Special Offering—A special
Dresser
cost
I
:
,
'
result
-
to
important
increased
the
costs,
in decreased earnings.
only
h
/
Of
both
the
a
14
wage
Oct.
31,
1944,
statements
7
;
of
the
corporation
and
Cash
i
Nov.
of
1,
BALANCE
'
nor
Engineering
do
Corporation of America,
Renegotiation
cally
has
concluded
been
set
and
an
an
for
Inc.,
Co.,
include
all
estimated
acquired by Dresser as
of Van der Horst
renegotiation
refunds
of
on
-•!•;
In October,
of
of
1,170,361
f6,585,019
Dresser
-A,'
shares
common
and
total
an
from
350,000 to
of 600,000 shares
additional
ing the total to 2,400,000.
of
600,000.
Last
were
March,
stock
.common
1,200,000 shares
and
of
lower
cost or
average
Of- the 2,400,000 common shares
1,060,059 were issued and outstanding as'of Oct." 31,
1945.-'
DEC.
'
t
;
$4,622,479
I;-.;;-:/■,•
»
•
6,435,125
5,881,785
31
1944
1945
$
.$-
30,000,000
30.000.000
100,000
100,000
5,037,120
(
•
19,500,000
19,500,000
103.283
.
other assets——
-
Others
Accrued
Reserves
721,241
Capital
Earned
war
Accrued
salaries, wages and commissions—1—
Accrued
taxe3,
interest,
Federal,
State
and Canad.
466,395
•
674,693
1,023,663
736,888
320.295
(est.)
3,514,535
2,120,024
812,000
3V2%
pfd.
stock
rent,
taxes
stock
/
.A
Inc.
on
(par $1
a
a
350,000
•After
—
•
Federal
deducting
taxes
1944.-7V.
162,
p.
amount
3190.
'
5
A
■
J
;
Electromaster. Inc.—To
.
■
'
1945
from
railway—j
Net from railway
Net ry.
oper.
.
.
income—
1943 /
1944.
$331,063
•54,145
'
From Jan, 1— '
Gross irom
Net
from
;
railway,
■
Net ry. oper, income—A
the
a
•Deficit.—V.
split
bring- ;"1
-
Sale
*
funds
a
'
voted to sell 200,000 shares of additional qom*»
the public through an underwriting group to provide
for plant expansion and additional working capital.
Proceeds o|
directors have
stock
to
"1
^ the sale are expected to approximate $750,000. ," ;
- ' ,
.
7/ «
T l At the same time, the directors voted to issue one additional share
946 969 V Of common stock for each of the 200,000-shares now outstanding ih
' '-V'3:?iccdrdance;"with the two-for-one stock split-up proposal : approved by
,,rj;
'
stockholders Jan.: 25.—V. 162, p. 670. 7:
t ".
"a/a -u-ah
a;
4,352,096
4 230 689
1,297,585 7 !
1258 621
1,000,744
A
■.
163, p. 69
Eastern Gas & Fuel
authorized,aJ
-7- V'-'- >7$ rrpperties
.7/77
of pre-. '
mon
The
69,936
.
4,306,705 *
666,580 77 933,773
410,141
642,880
4,061,969
by
.
91,1*44
a,
'
railway
Expansion
of Common Stock—
"
$3137«5
'
7
Finance
'
*27,391
* 4,465
v:
$320,758
; 20,665
$227,679
*52,945
*70,705
plus
Electric Power & Light Corp. will file an amendment to its voluntary
exchange plan at- a later date setting forth the terms of exchange of
United Gas common for its own first preferred stocks.—V.. 103, p. 650.
•
Duluth South Shore & Atlantic Ry.- -EarningsGross
$6 first preferred stocks of Electric,
required to compensate for the difference between "sound value'*.;
United Gas stock and the senior preferred claims.
,;a 7; ,v (
<7:
1
.
December—'
77;
the initial
the
of
,
'
:
petition
stock and; the value of their claim.
This "sound value" concept also was an. integral part of
cash
income.
on
a
satisfaction
United Gas Corp. for $7 and
:
applied against estimated liability for
jPrincipaily at inventory cost,
tAfter
deducting advance payments from customers on contracts.
SAfter
reserves
for
depreciation of $7,927,017 in 1945
and $4,603,164 in
-
small group
in
plan filed with the SEC last week by Percival E. Jackson, a first preferred stockholder acting for himself and for others. Mr. Jackson's plan
called
for
issuance
of
13
and
12
common
shares, respectively,
of
$42,966,831 $28,639,274
—
a
filed
assets
of
Orleans
'
Total—
■ -
;
6,485,339
6,676,146.;'
;
.aa ;
■:V '\ ::,;.;Avf
Opens Hearings
7;:
:
4,405,856
11,739,097
A
:i-.
v
7
A—
*
Earned' surplus'
500.687,01$
■
Light Corp.- -SEG
&
4
——
.
.
530,030
share)—i*——
share).
—
—
—fr
6,000,000
(par $100)—^—
(par 50 cent3
Capital surplus
etc.-
'
of holders of corporation's $7 second pre*»
with the SEC for distribution of a por¬
of their claim. " The request was made
at the opening of hearings by the Commission on the voluntary plan
/ of Electric to distribute its holdings of United Gas Corp. common
stock* in an amount as yet unstated, in exchange. for its own first
r preferred
stocks.
7 7
:
•
,}
The second preferred stockholders' group requested that their claim
to $201.25 a share for call price of the stock and unpaid cumulative
dividends be satisfied by distributing in exchange five shares of com?
7 mon stock of the New Orleans, Public Service, Inc., subsidiary, together
with cash equal to the difference between "sound value" of the New
ferred stock
4,016,672
654,654
A
35,345,584
30,460,154
7 Electric Power
tion
terminated
contracts
323,201.621 323.174,004
—'459,934,057
Counsel for
Liabilities arising in connection with
1,720
—v-—
On Plan—
$9,800,000
$6,528,190
payable; to banks——
:
—
Accounts payable
(includes estimated liability
for renegotiatiort refunds)-— -—-77----7/
4,751,628
Notes
4,893,982
4,893,982
^—
7;::y:7; 7
LIABILITIES—
"
surplus
surplus
,
7 $42,966,831 $28,639,274
'
.
1,787,713
'641.708:
V. 162, p. 3071.
1
242,230
1.556.175
—-
-i———
-*—*
Total
919,301
T
'• 304.125 *
135,799
1.170,957
;
(appropriated from capital surplus)—
credits
250
-
r 278,723
■
taxes
3,212,495
—--
-7 ''
/
*
8,633,813
.
26,251.78$
5,524
companies
-
Deferred
7,311,331:
?—
—-
associate
———'
,
*
1' 919,429
-
Total
stock-^--—
payable,
'
881,122.
7 '<•
12,744,668
'
-I
—
21,570,000
85,970,000
Accounts
v 231,150
.74 992,147.
-
14,210,840
preferred stock-*—58,818,760
stock '<$5 par)——:
1
— 26,251,788
preferred
.Dividends-declared;
re-
I
was
authorized,
$2,768,274
•
1,556,175
■
836,189
Common
r
been practi- a
$300,000, after taxes, 7
business done in the
'
A
272,268
<
LIABILITIES—
$6
$8,805,774
540,910
(est.),
placement, market)
has now
CAPITAL STRUCTURE
.
BALANCE SHEET,
COMPARATIVE
1944
4,916,733
profits taxes
excess
§ Property, plan t and equipment
Emergency facilities (net)——
1944, Dresser shareholders voted to increase the number
V then-authorized
two-for-one
IN
1,322,372
undeclared
or
A
—
A
-ASSETS—
c
7.$5
$8,474,254
Patents
period ending Oct. 31, 1945.
backlog of unfilled orders as of Oct. 31, 1945, was $21,450 000,
On Dec. 31, 1945,- our Backlog of business was $25,500,000.
77,7'7./'70HANGES
applic.
whether
:
.
1945
contracts—
Investments
The
7
periods,
100,823
-
*
nated war
fiscal
.
stock dlvs.
declared
with termi¬
tClaims and charges in connection
Post-war refund
owned by Dresser.
prior years
provision
.
to
1.714,434
585.991
j-
459,934,057 500,687,01$
*
.
•U, S. Treasury notes—tax series—l
——
(after reserves)
———
Jan. 29
operations
affiliate, 50%
business for
on
up
they
$1,142,703
Net income
Pfd.
.
SHEET, OCT. ,31
-
—
Common stock
Security
1945;
$868,852
888.943
190,878
143,716
-
Receivables
■J Night. Manufacturing Co. since April 2, 1945.7 They do not include
of
35.888
243,409
*
Total net sales for the year ended Oct. 31, 1945, amounted to $80,*
Oct. 31, 1944.
operations
--An¬
other expenses —i-—
Federal; income taxes„
Other taxes
7l,67|
;
$7,445,370
$4,344,031
,
ASSETS—
member
Earnings for the year ended Oct, 31, 1945, totaled $1,921,628 by
comparison to $1,575,075 for the year previous. '
The above figures for the 1945 fiscal'year Include operations of
International
Derrick
&
Equipment Co., Roots-Connersville Blower
Corp. and The Stacey: Bros. Gas Construction Co; since Nov/: 1,- 1944
Payne Furnace Co., and Kobe, Inc., since Feb. 1, 1945; and Day &
$1,291,865
$1,745,052
340,361
71,108
Total
$5,081,326
/, 2,292.367
255,160
>
subsidiaries.
its
-
„
CONSOLIDATED
,
Common
H
Income*-
1945—12 Mos.—1944
$1,954,146
2,134,725
$991,026
725,640
28,386:
? •
43,987
■
;
.
544.911 by comparison to $54,995,408 for the year ended
:
749,753
-
stated in part:
7
7
$498,125
^Dividends-;
completed, but
Minority interest in pfd. stock of consol. sub.—
77'
i945-~3 MOS.—1944
Period End. Dec. 31—
Gros* income—Interest
income) of $230,558,
on
/
'
(3) net
of $301,620 and
income
on
have not been
Deferred charges
on
Electric Bond & Share Co.—Earnings—.
prior
to
applicable
$375,161
SResulting from loss carryrback; etc.-
"
*
amortization" of
additional
shares in 1944.
-
N. Mallon, President,
^
v
—
increase
Annual Report—H.
^
amortization,
and
$1,062,951,
———-
,
.
and
—
companies of Dresser Industries, Inc., three,
according to Mallon, are now closed by the steeel strike and five
others .are opening on a part-time basis because of steel shortages
caused by the strike.*
'
.
,
,
/
"
>
*
•,
$1,575,107
j: Stocks and option warrants-—
,7
Based upon
1,690,000
Ebasco Services Inc.
——,
1,690,000
the experience of the corporations and intormation obtained by them
System companies and miscellaneous
396,160,719 391,136,110
in
renegotiation for prior periods, provision of $300,000 has been W
12,220,430
22,681.58^
Cash in banks, on demand—-—^.-——.
v made
for renegotiation of
1945 war business by a charge against
68,229
30,067,729
Temporary cash invests., short-term securities
operations of the year, ended Oct. 31, 1945.
Such provision, which is
i
17,326
Accounts receivable
—•
——
considered
fair and reasonable by the management of the corpora¬
251,942
Accrued interest receivable—associate cos._;
175,000
tion, has been determined after giving effect to credit for applicable
7 625
22,500
;
Others
taxes on income and is subject to adjustment upon final determination.
200
200
Other ; current
assets
—
IBased on 1,060,059 shares outstanding on Oct. 31, 1945, and 350,000
Deferred charges „^
1,527
96,547
Acial
the
•
.
'
and a price'increase in prospect for
steel producers, the users of steel—and all of our member companies
fall in
this classification—may be faced" with general demands for
wage increase plus the
necessity- of paying more for steel; while in
the meantime the prices of their products will be held to the limits
prescribed
by OPA.
Thus the margin between factory costs and
selling prices, already too small, may be further reduced."
,
"With
•
(par
*present!y outstanding shares of common stock (par $2 per share) ori
the basis, of two shares of new common stock (par $1 per share)
for each share of presently -outstanding common stock (par. $2 pet
Share ).r-V. 163, p. 463.
•
of the
on
stock
——————
Stock—•
.
nature
material
and
for:depreciation
to
$ Inventories.? (at
understand
labor
stock (par $2
(par $1 per
.
Investm't securities and a dvances t ledger val.)—
surplus as of date
Notes and accounts receivableof
acquisition has been adjusted for (1) a settlement on the basis
American & Foreign Power Co. Inc.__
>of a proposal for that period and (2) settlement of 1943 renegotiation
/.•••• Ebasco Services XncA—
(determined since Nov. 1, 1944) by a net charge of $28,355.« Renegotia- :
/ Bonds—
tion
proceedings with respect to other subsidiaries acquired during
.7
- Texas /Pwr.
jSs Lt. Co, -41st mtge.,
71945 for the fiscal 1944 periods resulted in no refund.
Renegotiation
due 1965
proceedings for the year ended Oct. 31, 1S45, will be conducted with
Cuban Elec. -Co. 6^ debs,, due 1848——
the U. S. Navy Price Adjustment Board for all corporations and it Is
Other—system companies——a.-,,
impossible to determine the effect of such renegotiation on the finan-,
<
is
-
1,
1
-
charge (after credit for applicable taxes
ended
present squeeze
one
hand, and
fixed selling prices for many of our products, on the other.
Strikes
for higher wages are not only halting production but are even further
increasing costs, thus accentuating this squeeze; a situation which can
"It
between
" 48,000 "
"
Mr. Mallon, stated:
shareholders,
-
was given effect to by a charge against earned surplus.
Re- •
negotiation proceedings of International-Stacey Corp. and subsidiaries
(net assets acquired as of Nov. 1, 1944) for the period of. 10 hionths
-
reflects no
but is the
the Joint effect of- current strikes,
steel shortages,.: rising
material and labor, and price control. a In the letter to
of
>.
'
»
i which
giving rise to deferment of dividends on the common stock
lack of orders, present or potential, for Dresser products,
of.
.
Common
of
■
V
special meeting of common, stockholders held on Jan. 23, 1946,
'resolutions were duly adopted authorizing an amendment to the cer¬
tificate of incorporation, increasing the number of authorized shares
of common
stock from 500,000 to 1,200,000. reducing the par value
"thereof from $2 each to $1 c-ach and approving a split-up of the'.
$1,969,628: $1,575,075
minority interest-^
less refundable Federal taxes
tional
offer¬
,
result
Inc.—Listing
on the. basis of two shares of common stock
each share of presently outstanding common
for
per share).
$2
tRenegotiation proceedings of Dresser Industries, Inc.;'and subsid¬
iaries (as constituted at Oct. 31, 1944) have been completed for the
fiscal years
1943 and .1944 and resulted in* an aggregate net addi¬
declared an initial regular quarterly dividend
of 933/4
cents on the outstandnig preferred stock, par $100, payable
March
15,
1946, to shareholders of record March 1, but deferred
dividend action on the common stock at this time, in order better to
evaluate the outcome of the steel and other strikes and their effect
upon
wages,
prices, and the profit, position of the company,. H. N.
Mallon, President, stated at the conclusion of the directors' meeting.
Quarterly distributions of 30 cents each were made on the common
stock on Sept. 15 and Dec. 15, last year, while on June 14 a payment
of 60 cents per share was made to cover dividends on the issue for
the first six months of 1945.
'
v ' *
•
In a letter to shareholders, Mr. Mallon explained that the situation
costs
* '
periods.—V. 163, p. 650.
Stores,
common
share)
per
836,317
300,000
of
sharei
of 63,130 against surplus of subsidiaries acquired during the
representing additional amortization of $183,452 applicable to
periods prior to acquisition less refundable Federal taxes on income.;*
The directors on Feb. 6
A
,»
Cr37,398
charge
cents. The
Curtis, was
x*
i
' -
•5.9
York Stbck Exchange has authorized the listing of 841,544
stock (par $1) upon official notice of issuance
The Nem
shares
of
emergency
facilities over the period ended Sept. 30, 1945.
adjustments" resulting therefrom have been given effect to by
years
In
Defers Dividend Action on Common
"
•-
* '
•16.3
,
the System. inputs o( Jlpy
not include
"thereof to holders of the presently .outstanding common
%yearr
Jackson & Curtis on Feb. 7 made the following
view of the action of the board of directors of
Dresser Industries, Inc., in passing the quarterly dividend on the com¬
mon
stock at a special meeting Feb. 6 of which that Stock Exchange
;firm had no knowledge, all sales made in the special offering of 25,000
shares are cancelled unless other specific arrangements are made be¬
tween Paine, Webber, Jackson & Curtis and the purchasing firms.- .
7
profit
f representing
Webber,
Paine,
announcement:
figures do
.(1) a charge of $397,887 against income of the year 1945 for addi¬
tional amortization, (2) net charge of $73,541 against earned surplus
ing of 25,000 shares of common stock (par 50 cents)
was effected on the New York Stock Exchange Feb. 6 at
$30% per share, with a commission of 50
stock, offered by Paine, Webber, Jackson &
sold in the elapsed time of 40 minutes.-
above
Brothers
Edison
v
#■,.:
The
' )
•,.
\
■
refunds..
•
deducted
above,
respectively, for the years
:<ended Oct. 31, 1945, and Oct. 31, 1944.:f. During the year 1945 the V
'corporation and its subsidiaries elected to aocelerftte amortization of
Canada, in Canada.
outstanding shares of 5 y2% cumulative preference
ts'ock
par $100, have been called for
redemption on April 1, next,
at
$110 per
share and dividends. Payment will be made 'at The
•;
Royal Bank of Canada, in Montreal or Toronto, Canada.—V. 159,
2634;:.--^;\i:>,c:;.,{. v;.•;A:7 ■
a;a 7>/A;
ifytf
'
* V'V^V?. ',vv. }v&y.. v• 'P 'r«<4 r •
'VV.V'i, ; y-V«v j./1.If;
:
before
•Provision
the 50,350
of
All
renegotiation
'
(t.
.■
(Canada)—Partial Redemption
1946,'for
H
t
' * ' '
Crl43,676
;
t
,
V 53,000
■
Chemical Co., Ltd.-—Calls. Stock—-
Dominion Tar &
'
•->
"
v ,'J
w
'
for
amounted
Royal Bank of
of The
.104,593
NOTE—The
$1,921,628 1 $1,57^,075
Common dividends paid__„_—'
1,407,053
870,000
JEarnings per common share—
$1.81
' : - $4.50
Net
the
of
•:
any
34,006
has called for redemption on March 1,
sinking fund, $50,000 of first mortgage 6%
bonds
1957, at 102»/2 and interest. Payment will be made at
company
account
•
(net)
on pfd.
stock of subsidiary consoldated held by minority interest„„*__-._.
$1.56
.
90,090
98,456
5,585,579
41,250
••
;Dividends
1,305,343
.
$3,045,622
$2,821,088
•:
$1.45 '
taxes
tProvisioh
'
Dominion Dairies, Ltd.
The
-
.
5,645,000
'
•14,714
•6,137
75,376
Lt. Co.
&
Pwr.
3.6
6,131
•Decrease.
<i:
556,826
:_V-729,000 i
surtax
and
taxes--.*.
170,001
176,132
•At -a
1,177,246
■
Net
—V.
111,467
928,399
56,321
i
write-roff-
expl.
Outside
83,954
799.299
deprec.—
for
income tax
profits
of
Light
&
.Electric Pwr. & Lt. Corp.
National
64,293
.State income .taxes__;
portion' of prior yea*rsvFederal
of client oper*
subsidiaries
are
,
$8,899,115
end
which
Inc.,
Light
&
Power
Power
American Pwr. & Lt. Co.
$8,926,786 i$8,963,^408 :
366,200
" 385,572
19,384
8,437
profit
Profit
Reserve
—
—
Services
companies not appearing in both
2,556,256
750,777
-Provincial and inc. taxes
$8,752,909
173,877
•Operating profit
Other- income
1946, the System inputs
31,
Jan.
Ebasco
Co., Electric Power & Light Corp., and
Co.,7 as compared with the corresponding
•■week during 1945 were as follows (in thousands of kilowatt-hours):
7:77!'a:7.:7a..,:av:.,;7-:
' /a/7:/a7:.; a-'7>' v''■,7,.a-77'A' > —Increase—Amount
1945
Percent
]%;;.'i946
Oper. Subsidiaries of—
An'i .AA'A": "i"111
./AA"/A'>.'■.}.
of
companies
National
-
1
7——i $16,855,636 $12,719,491
and admin.' expenses-j -; 8,102,727:,
3,820.376
7.AAA,-*Av
AA
1944
$80,544,911 $54,995,408
63,689,275 42,275,917
—
——
A;
A
$6,579,536
$2,431,374
profit—
oper.
TMon-oper. revenue—;—-
sold——7
profit
income
<•
ENDED
week ended
the
For
Sating
vi>
Services Inc.—Weekly Input—;
77'Ebasco
an
a
YEARS
STATEMENTS FOR
——T
goods
Selling,* engineering, gen,
*
1943
$5,177,495
2,225,541
.
$5,772,521
2,172,990
'
1945
,
eliminate
to
structure.
Interest expense
Miscellaneous other? deductions
and maint. exps._
Oper.
$ales
Cost
New
$4,887,263
-Bullion
EARNINGS
merely
serves
corporate
American
V Total
Calendar Years—
-
but
the
,' 1945
162, p. 780.
Dome Mines,
v
in
''
,
Fret
—V,
complication
CONSOLIDATED
.
California,
Torrace,
unnecessary
3Q5
York.-Secondary Offering—
Union Securities Corp. announces that on ieb. 6>i
distributed 5,199 shares of capital stock (par $100) at
$212 per share. : Discount to dealers was $5 per share.
Associated with Union Securities Corp. in the.pffei.mt
were Lee Higginson Corp. and Hornblower & Weeks.
Corp. of
Discount
and
Texas,
16%—
Corp.—January Sales Up
Stores
Diana
Period End. Jan. 31—
'
Associates—Leases' Eccles"Mining
7
-7';a,7a 7:7:7,'
"
•
j
V.)—Initial Dividend—
a Park Wace Co., Inc. (N.
7'; The directors have declared an initial/ dividend of- 10 cents per
L. C. Campbell, Vice Preaidfent of the
ferred stock, having a par value "of $100 each, of which 60,000 shares, \
Koppers Coal Division,: an- 'a. .share on. the capital. stock,; par $1, payable: March 5; to holders of
nounced on Jan, 31 that,^effective Feb. 1, 1946. Koppers;Coal has"
bearing a dividend rate of 3%%, and conveftible into common at the
record Feb. 15. •
.
taken over the operation ofi the Eccles mining properties
rate of 2 Vz shares of common to one of preferred, were issued and
10 miles
:
This corporation was incorporated in New York in 1944 as suc«
west of Beckley in Raleigh County
sold to the public at $103 a share.
>W
Va
on
lease from the Crab
cessor under reorganization
to properties of 11 -Park Place Dorp. r7: ,
The issue was. many times overOrchard" Improvement CoA
-7
7/'
- a-a
■
;7
■ 7>" (N.
Y.)". Under the plan of reorganization, there Hua/'iQdQ nf infhft ;1
were issued : exchange .57
subscribed and has since sold up to $112 pershare.";"';'7A-:"7 ■ 7-!77a;'::7
n#
flimK rvinrfo-aorA
lit
Knhjrftf
In
October,
have
Plans
ville
will
6 %
be
been
retired
as
of
shareholders
completed
cumulative
preferred
net
1945,
out
Feb.
authorized
120,000
whereby the $800,000
shares
of Roots-Conners¬
preferred stock still in the hands of the public
of the proceeds of the recent issue of Dresser
t,
1946,
result
at
$102
plus
accrued
dividends.
The
represents not only final acquisition of complete owner¬
ship of Roots-Connersville by Dresser but a decreased in fixed interest
charges.
"7;.
•
'77 a-A" ■ •••'
7-"1'
'7
A
1
;
Eastern Gas
&
Pennsylvania and
12,000,000 tons.
The
which
Eccles
about
Fuel
Associates
Kentucky
A>
with
••
for
operates
an
22
annual
mines
in
West
Virginia,
production. capacity
/7;:\777'.v':'» ■;:
property comprises nearly 9,000
1,000,000 tons of coal a year
are
acres
now
of
coal
$100
three
amount; of
7;
land
being mined.
each
"company
of
plus
$18.14
of
first ^mortgage
shares
35ryear
In
of
cash.—V,
$1
bonds due
4%
common
par
„
debentures; of
156,. p.
161,
a
1948
stock: and
income
6%
«
,
the
v
latter/
principal
the
of
$10
new
^
company,
,
frbm
7,. .7
7
Elfun
Trusts,
New
York
;
City—Registration
State-*
Eastern Gas & Fuel Associates already has begun plans for the
mentimprovement of the community/the mining operations and 'the suracquisition by Dresser Industries, Inc., International
face facilities, details for which will be announced as soon as
plans rji- a-registration statement was filed with the SEC Jan. 31, covering
Equipment Co. was incorporated in the form of three sepaare completed,
-v'7
rate corporations—one in Ohio, one in Texas and one in California.
;.
-.'/fa.::;.. '.. f.'.f >7
7.',
a
7
.80,000 units trustees' certificates, stated value $25 per unit. a.
- > (
To
There are two Eccles mines—No. 5 mine, Beckley. seam,
simplify this situation, these three corporations have now been 7
and No; •
As at the close of business Dec. 31, 1945, the number of units irt
6 mine, Sewell seam..
7
* -'- '•
^ Elfun Trusts represented by all trustees' certificates then outstand*
brought together into a single International Derrick, & Equipment
The mines are located on the Virginian and the Chesapeake-and ' ing was increased fourfold by changing the stated value of each unit
Co., with headquarters in Columbus, Ohio.
This development repre- *
sents.no change in the function of the Ideco. offices in Beaumont,
Ohio railroads.—V. 163, p. 309, 77
7:V-;, :: >.< "•
:
• 7 fr0m $100 to $25;. , The Trusts offer for caah subscription by thosa
Previous
Derrick
to
its
.
&
•
.
.
Volume -163
eligible
$25
'
7
participate in the trusts, 80,000 units of a stated value of
(M.H.) Fishman Co.,
Participation in the Elfun Trusts will, in general, be
V!. Month of January— -1
the list of executives, officials, leading employees and foi'm-y
to
limited
to
employees of General Electric Co.
er
trie
is
from
Net
from
Net
ry.
$2,246,239
"5,884,160
railways-
railway_^__,
«
.
*1,487,800} ;!.!* 187,289
income.
oper.
$2,852,890
*559,116
143,378
$3,063,774
854,720
railway!.: .1'" 31,364,480
1,052,496
railway!....
oper. income..
^1,296,812
from
Net
ry.
7
9,168,387
>'
'Deficit.—'V.
163,
weather & Co., Clement A. Evans & Co., Inc., The Robinson-Humphrey Co., Leedy, Wheeler & Co. and Stocktori Broofne & Co.—V. 163, p. 309.
11,931,754
^.(lUJbertJriGai^ Co.iJnc.—Rights to Subscribe—
3,631,119!
•
.■! * Holders !of
p.
Lifev" Assurance
Equitable
i;
of
Society
States.—Had Record Year• in 1945—
*
United)
the
"
"
'
..
.
of
subscription .price is to
made."—V. 163 p! 464.
determined, shortly
be
,/
is
before
.
the
to
offering
the
assure
prefabricated
this
in
that insurance
,
Was
$292,400,000
Total
$9,172,000,000 which" ;■! System—
total
record
a
*
500,000
,
:?/-:/■'?■■!'
year,
M
,
y
.
a
expansion-!
*
.
,
i
further added: "The employment campaign has
the number of workers at the Elizabeth, N. J. plant of the
from about 1,100 on V-J Day to more than 2,600 at present, - :
at least 600 more workers are needed to bring production at the.
ferred
increased
but
.
/ Equitable Office Building Corp.—Plan Submitted—
;
creditors and
The trustee for the corporation has sent to
*
<
,
?
General Motors Corp.—Declares Usual Dividends—:
Inc.—Conversion of 4 % % Debentures—
E versharp,
$1,250,000 of 4Va%
'
Cumulative convertible income debentures
.
;
interest
>
debentures
on
converted
will
be
paid
up
date
the
to
'
I
,
.
Fajardo Sugar Co, of Porto Kico—Halves Dividend—
The
directors
have
stockholders of
to
v! declared
cents
declared
record Feb.
;
f
!
dOUbtfUl.
of
sugar-cwp
and
1946,
adequate
an
' - ; >
'
price
is
The
■;;!
very
.
;; r Labor costs have increased substantially, heavy expenses have' been !
Incurred
of
-Under
these
advisable
to
.
the
of
of
'
Television
Radio
&
Corp.—Listing
of
?
the
<!
f
!
$tock Exchange has authorized the listing of 219,571
shares of common stock (par $1) upon official notice of
issuance pursuant to a subscription offer, being made to holders' Of
outstanding common stock and certain holders of options and public
Offering, making the/total applied 1oi to' date 1,756,568 shares. ' > » r ■ The
corporation is offering to the holders of its common stock
(and to the holders of certain options to subscribe for shares of its
common
stock)
219,571 shares
of common
stock for subscription:
The subscription
warrants Will 'expire at 3 p.m. (EST) on March
!
I, 1946.—V. 163,'p. 464, - 7
.
J Federal Machine & Welder Co.—400% Stock Div.—-
;
3
March
business
-
12,
s
X
1
f
i "Both
on
•
hand,
y company.
s
f'Vjf'
of
,
these-
companies have a
they will be operated
-~-V., 163, p. 309.
//->-•
>•
The electric output of.this company for the week ended Feb. 1, 1946to 122,617,052 kwh., a decrease of 4,331,506 kwh., or 3.4%,
.
from
the
corresponding .week of last year.—V.*163, p. 651,
NOTE——For
possible
to
mechanical
position
it
is
not
v-
always
companies in exact alphabetical
are always as near alphabetical
arrange
However/they
as possible•
order.
reasons
^
'
Avenue,
New
£
.
General Steel Castings Corp.-^-New Director-B.
Robert
is
has
McColl
been
elected
the
member of
a
1
board of direc¬
take the place of William C. Dickerman, resigned.
Mr.
President of American Locomotive Co.—V. 163, p. 651.:
tors
to
.
McColl
.
<•
in
(Including Statesboro Northern. Ry.)
Period End. Dec.
the forms of the houses thefnselves- and
forms;
(3)
to
reduce work
on
Georgia & Florida RR.—Earnings—
;
the site to a minimum;
facility in shipping and storage.
-. '
elements of the Packaged House System are
v
1945—12 Mos.—1944
-$1.74.482 $2,153,098 $2,364,379
159,395 ? 1,917,875
vl,993.464
5,485
■' -64,507 «'
57,427
"
3,013 ;
36,678
; - 37,944
1S45—Month—1944
31—
Ry. oper. revenuer-wuiw$162,925
Ry. oper. expenses—J62.141*
;!Ry! tax. accruals 4 reg.
* 10,046
Federal
RR.
Taxing
n Act; Of -193T* jl_.cz
v - "3,073
,
*
,
.
..
"
Federal RR. Unemploy¬
basic
ment
1938
Insur.
Act
—
of
•
35,128
33,856
2,781
2,836
—
'
Ry. oper. income
Equip, rents (net Or)._
Joint
facil.
rents
Dr)
V Net
(het
ry.
oper; .incomer
Non-operating
Gross
$26,594;
.
*$4,962
•
.
66,765
13,123
$35,931
2,611
1,087 '
.
$113,059
*$30,833
*$6,049'
°$25,923
52,517.
t
1,995
1,991
income—.
income
'7
' '
'"
—
$100,182
$240,416
107,110 !
102,972
' '*
"
23,905
24,385
$3,807
7,861)
*$15,172
8,760
$126,182
4,789
to
been granted
Canada,
.
.
product "of the corporation,
substantial backlog
subsidiaries
as
,
r
"v**J
^
•>-
""v
v'
"
1
.
-
v-
v
*
of
the
of
.
..
*
-T
"'i
-
-PROSPECTIVE BUSINESS-L-It
•
should
-
be
at
noted
the
outset that
.
orders
c
V\'Y
?
-.
to date all
funds of the corporation have been used for purposes
and- development of the Packaged House System
the
and
sold
'
^
^
office
although
!
partitions.
No houses have as yet been manufactured
experinfental-houses have been manufactured.
In' order ? to
meet
the
and
*
*
Gross
income
Interest on
of -experimentation
Federal
r
^
,
.
..
and
delivered to Newburger & Hano,
to Kobbe, Gearhart & Co., Inc..
to Benjamin
Schwedel as a
—
J1946,
to
be • determined by Haskins
and
Sells,
Certified
Public !
The Warren City ,company is operating a plant with
225,000 square feet of floor space, which is under lease to it by
the Navy.
:
t P.
B. Cridge, Secretary, on Jan. 30"; stated:
^ .
' :
s-r '!
.
the
the
under¬
delivered
.
c
Accountants.
'
the
;
.
?
of
.
.
•
direction
to
as aforesaid.
Similar applications have been
Deducts, from income.
353
134
Great Britain. and .Sweden.
•
' v
.v
quite distinct from its Packaged
C SlirplUs applic*. to int/
$26,241
*$5,096$33,320
$121,393
House System, is its office partition system. ...This.system is covered by
'Deficit.—V. 163, p. 651.
an application for Letters Patent bearing No. 516050, filed with the U.
S. Patent Office Dec.-29, < 1943, by Mr. Wachsmann, who has assigned
(
Georgia: Power Co.—Earnings—
'
the application to the corporation.
The Patent Office has not yet al12 Months .Ended Dec. 31—. .■
r,
■ 7
:
1945 / ■ ! 1944
.
lowed any claims under this application.
One of the salient features of
Gross revenue
—?
—
; $50,557,891 $48,510,017
this .partition is the ease and facility of assembly and demountability.
:!©perating bxpehseS j
—
; 24,307,249 , 23,103,218
The partitions are designed so that they may be completely fabricated
Provision for depr-eciationt.—4,836,000
4,762,000
in the factory- and merely
assembled at the site, without the need
Amortization of plant acquisition adjustments—
2,433,608
2,655,981
for screws, bolts, nails -or fastener other- than the claimed invention. !
General taxes
——~-v
?._*—•?.. 3,685,822
3,478,560
They are designed' so as to be strong, and durable but at the same
Federal income taxes„.
—
1,922,201
1,927,260
time to permit rearrangements of floor - space, suites, and offices by
Federal excess profits tax
——
4,674,431
4,099,044
demounting and re-assembling the partitions.
1946.
c
V
Pursuant
amounted
other structures Is ; a <
through
©l!demountability permitting ;flexibility ;iA lI1®!rei?'rtan8®'?y
these
Another
Dec; 31, 1945, the company completed negotiations resulting in
acquisition of
100% > of the outstanding stock of The Sommer
& Adams Co.,
whose plant is located in Cleveland, Ohio. The plant
Occupies <30,COQ square feet of floor space.
4 '
>
•*:
On Jan, 15,, 1946,." the company,, acquired 100% of ;the outstanding
capital stock of Warren City Manufacturing Co., Warren, Ohio. The
purchase price is based upoii fhe net" book vaiup as of Jam 25^
;
Park
103
,
1
contained in
a patent granted to. the corporation on Aug.
8, 1944, in Letters Patent
of the United States, bearing No. 2355192, application for which had
been made by Mr. Wachsmann, and Dr. Gropius, and assigned to the
corporation.
Canadian Patent No. 426249 was issued on the same,
invention oiiv Marchy20. 1945.
Great?- Britain Patent No.. 573311; was. ?
issued on Nov. 15, 1945; Australian Patent No. 199940 on May 8, 1945;
and applications for patents on
the same invention are pending in
France
and Sweden.
Further application for Letters Patent of the
United States, bearing serial No. 609996, was made on Aug. 10, 1945,
which application is pending.
This, application concerns inventions
and improvements pertaining to the original invention on which Letters
The
sent
'
On
.
the
■
of
Patent have
■v
j 7A stock'* dividend of|00% was declared bv the directors at their
%'i annual meeting Jan. 15, 1946.->■ The distribution of this dividend will
v-? pe made March 22„~1946, to shareholders of record at the close !olK
.
fnents
maximum
The New York
.
*;
at
and
houses
of
j[4).!to:reduceWork»at!the.factorytoaminimum'iand ;(5),toobtain
I: Additional
warrant
per
General Public Utilities Corp.—Weekly Output—
prefabricated
is: (1) to achieve standardization of the elemehts
house;. (2) to accomplish such standardization of the elements
house without standardizing the house as a''Whole, thus per¬
the
mitting flexibility
Additional Common Stock—
•
r
designed to achieve for the building history the advan¬
reduction by standardization and mass production.
The
the-corporation's "packaged house system ' (a title copyrighted
lythe fea^urb
Farnsworth
;
will ,be
3,000 warrants
finders fee,
-
by the corporation)
board of directors has decided it
pending
developments.-r-V.
161,
the
now
the
time
Cents
designate pursuant to
underwriters purchase
they
persons
at the
offered.
10
of cost
aim of
dividend
2658.
P.
!
circunstances,
reduce
BUSINESS-C-Prefabricatlon
tages
Puerto
advanced sharply.
;.
stock
and
technique
with
the
regulation by
the
Public Service
Rico, and costs of mater.als and supplies have
Income and property taxes have also increased.
connection
in
Commission
to
at.
upon
W>rfc/T7;N;!Yy!%!!::!y!!^^
;
,
or
delivered
and
writers, 13,500 warrants will be
13:500 warrants will be delivered
City.
the markets for
termination of the war.
corporation's • offices are located
structures
sold
agreement
for
lay the groundwork fot the exploration of
-
This is half the usual 50 cents paid quarterly in 1944 and 1945";
©wing to the fact that no price has yet been set by the U. S. Govern*
i ; ment for; the
exchange
be
underwritten
developed by Konrad
was
underwriters
the
their invention.
The remainder of the stock of the
corporation initially and subsequently - issued was sold by private sub-,
scription for the purpose of obtaining working funds to further the
development of the basic invention and related inventions, and to
fn
dividend, payable March 1;«1946,*
1946} which together with a dividend
Growers Association,. amounts to 25
share.
per
?
-
;
acquired by the corporation
invention
t
will
warrants
underwriting-
Wachsman, now President of the corporation, and Dr. Walter Gropius,
now a Vice-President,
each of whom received stock in the corporation *
a
15,
Fajardo Sugar
by the
to
1948 (both inclusive),
share; from March 1, 1948 to Aug. 31,
per
The
•
basic
'
agent,. Corporation Trust Co,, New York
has authorized the
entitling the holders thereof
WARRANTS—Corporation
PURCHASE
purchase,
at $2
HISTORY-r-Corporation was organized in New York Sept. 12, 1942,
acquire !an invention in the field'' of prefabricated housing and;,/
other structures for which an application for patent was then pend¬
ing, to develop thjc invention and related inventions and to engage
in the business of manufacturing and dealing in prefabricated houses
and other structures and the component panels and partitions; - The
to
N. Y.—V. 163, p. 651,
;
STOCK
sold,
at $2.50 per share,
.
'
conversion.
;
Offered—Public offer-V
Corp.—Stocks
other
invention
for each warrant, one share of common stock at any
time from and including March i, 1947, to and including Aug. 31, 1948,
as
follows:. .From-March 1,
1947 to Aug. 31, 1947 (both inclusive),
at $1.50 per share; from Sept. 1, 1947 to Feb. 28, 1948 (both inclusive),
was
Transfer
[
of,
The $1,250,000 were Called for redemption at 107 and interest;
Payment will be^ made at the Continental Illinois National Bank
&
Trust
Co., trustee, 231 So. La Salle St., Chicago, 111.; Or at
The National
City Bank of New York, 55 Wall St., New York,
f
were
issuance of 30,000 stock purchase warrants
made Feb. 5 of 60,000 shares of 6% cumulative
convertible ($5 par) preferred stock and 60,000 shares
(10-cent par) common stock of the corporation.
The
Shares Were offered by Newburger & Hano and Kobbe,;
Gearhart & Co., Inc.r in units of one share of preferred
and one share of common at $5 per unit.
due'May 1,
1965, which were recently called for redemption on
Feb. 23,
1946, are -convertible into shares of common stock up to
and Including Feb.
18, 1946, at the rate of 2V3 shares of stock
for each $100 principal amount of debentures* . Accrued and unpaid
'
Panel
General
'
The
basic
to
ing
which
among
the
??i
common
.
shares have been reserved for
warrants to be sold to the under¬
30,000
the
things, for their transfer to the corporation
now owned by
the corporation.
The remaining
by private subscription, from time to time since
the Corporation's' organization,
to obtain working funds for further
research and development
of the corporation's inventions and .busi¬
ness,' The present shareholders have donated back to the corporation
60,000 shares "out of the 800,000 shares of common stock owned by
them for sale with the 60,000 shares of preferred stock hereby offered.
stockholders^
share ..for each ten held, or 86,209 shares, which is * a
15.4% participation,
Debenture holders are to receive income bondsfor 60% of their claim plus 10 shares of new common stock, involving!
the issuance of 475,400 shares.—V. 162, p. 2641.
exercise of
into
1
shares
amended'reorganization plan and ballots which are to be
iiew
additional
an
the
stock,
for
eration,
of
,
„
*
and
corporation had outstanding 266% shares (no par)
have been reclassified on the basis of 3,000
the presently outstanding 800,000 shares.
Of the
266% shares outstanding prior to such reclassification, 49 shares were
issued to Konrad Wachsmann and to Dr. Walter Gropius in consid¬
The directors on Feb* 4 declared a dividend" of 75 cents per share,
voted on'
bn 'the common stock, pa? $10, payable March * 9 to. holders of record
before March 4.
The court has ordered the trustee to report the re- > Feb.'14:' A "like amount was paid in each'quarter during 1943.
cults of voting on the plan by March 28, after which a final order
The usual quarterly dividend of $1.25 per share on the $5-preferred'».
may be' expected from the court.
stock, no par value, was also declared, payable May 1 to holders of
record April 8.—V.^ 163, p. 310.
The amended plan calls for common stockholders to receive one'
dn
Outstanding
...
upon
common
t
'
stock;
shares
,
,
,f
($5 par)
SUfttil recently,
• •
'
'
abroad.
writers.
main :plant -up to , the- peacetime schedule.
Employment alsb is being
f-Equltabie's holdings of Government bonds at the end of the year were
increased at the plant of.F. W.'Sickles Co.; newly-acquired subsidiary
$1,923,000,000, an increase of $355,000,000 over the previous year. ' .1
'bf General- Instrument, at Chicopee, Mas8., .wher6 A total of 3,000 Work- ?!
Payments to policyholders and their beneficiaries during the year''
e.rs' is. the present goal." !
'
y
totaled $237,774,000! an increase of $10,312,000 overHhe previous year/
The( Corporation 4s ac largb producer!of/ componfent radio parts in
»~-V.v162, p. 1390.
the country^r-V. 462, p.'3072. ^
;y!tvy£ Ar !.!!'■
!-'!;'• !*> !!,i!7.!!'y!.
?
enable it to conduct
and patents in the
markets for its products
develop
to
Authorized
.
issuance
company
previous'
and
and
preferred stock
conv.
cum.
.
an
Increase of $3,000,000 over the provision loir dividends in the
this corporation is installing
system and in connection with this
year history* .
The announcement
increase over the previous year of $341,500,000.Surplus!
funds increased from $210,000,000 to $253,000,000 after setting aside
$46,000,000 for dividends to policyholders during the year 1946,can-1
!
Feb. 4 that
on
conveyor
field
60,000 shs.
*60,000 shs.
Common stock (10 cents par)_______L
1950,000 shs.
$800,000 shs.
"To be outstanding if and when the present offering is completely
sold. '
,v. •.
!•?'"*:-•
?:' ! * " •?
>?''•! '■" :
1120,000 shares reserved for issuance upon conversion of preferred
stock at rate of two shares of common stock for one share of pre¬
6%
is conducting the biggest labor-recruitment drive in its 23-
of facilities
to
CAPITALIZATION—
; "
announced
-fit ..was
mile-and half
<• »j*
-
$3,849.-"
the end of the year reached
assets of the-Equitable" at
t
exceeded'
the year," which
«•
Corp.—Installing Large Conveyor
A *
Sales of new
the previous year*
over
insurance totaled $447,931,000 for
previous year by $68,000,000.
. '
•- , 1
the
Vi
of
increase
an
reached
force
ordinary
; v
;
in
General Instrument
and
housing
country
,
^
to earmark
of sufficient capital to
develop new Inventions
corporation
research
further
,
both
The Society on Feb. 7 reported record figures in all departments ofits activities for the year 1945.
Thomas I. Parkinson, President, stated',:
Mr.
to
proceeds of this financing to any specific purpose.
The proceeds
be used to augment the working capital of the corporation -so as
the
will
a
($1 .■■par),-: .-to
■;
y
>
payable
salary
!?. PURPOSE OF THE ISSUE—Corporation does not propose
stock of record Feb. 8; .shall have the - right to V
periord of not less than 15 days, for common stock, ?
the extent - of 1 share for each 3 shares held. The,
common v
lor
subscribe,
:
Utilities Co.—Preferred Stock Offered
.
33,716,298',
7,763,573
'
!?? 3,124,532 ^1,940,823
Wachsmann.
The corporation has
agreed that it will not modify or cancel
the agreement with Mr.
Wachsmann without prior consent of American Wire.
Any sums received- by the corporation, as a result of the sale or
license of foreign
rights are to be divided equally between the cor¬
poration and* American Wire. *
*
American
Wire
may
terminate the agreement as of June 30 or
Dec.
31 of any year.
If American Wire terminates the agreement
with respect to office partitions only, the annual royalty payments
due
thereafter for
the years
1947
through 1950 are reduced from
$60,000 to $50,000.
!">!■' ;!,>:.:;v! *■!•■'.:?■!" ;;!!:?•■'■?!!;,.?!!?•■?/''! •!! '■'■■'! ? .v
offering, of 6.000 shares of 4%% cumulative pre- ,
ferred stock (par $100) was made Feb. 8 at $103 and
accrued dividends by a banking group headed by Stark-;
;;
34,925,732 ?• 32,849,841
from
Net
$21,753
~-V. 163, p. 192.
Florida Public
»Prom Jan. 1—
Gross
been informed of
corporation and Mr. Wachsmann, dated Jan. 15, 1945, .which provides
among other things for a certain compensation for Mr. Wachsmann,
and American Wire has agreed to reimburse the corporation for the
—An
c'"
v
-
American Wire has acknowl¬
the existing contract between the
prior approval of American Wire.
that it has
edged
Increase
■*
amount
|
' 1942
$2,772,899
792, i 10 (
1,036,058'
'
December—
Gross
y-
_i
'
1945
$371,437 ,:! $349,734
1946
.
A.
General Elec-?
637.
^ v
v ,
& Eastern; Ryc—Earnings-— ^
1945 '' '
'
1944
'
' "l943
Elgin Joliet
V, Sales '—
its subsidiary controlled com-*:
or
and to trustees of certain profit-sharing trusts.
hot a party < to the .trust/Agreement.—V, 159, p.
panies,
'
the
to
Inc.—January Sales Up 6.2%—
unit.
per
779
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4463
long-term
debt-ii—~—1-
Amortization of. premium om
?
! $8,698,577
———
-
3,615,149 ?
debt——--- Crl16,607
197,416
Other deductions————
.
$8,483,952
3,660,762
Crll6,607
70,990
construction
Net income
——
$5,002,620 $4,868,807
of houses-in this country,-the corporation -°on-Sept.? 7, 1945» entered,
Dividends on preferred stock—2,676,064
2,676,064
into a contract with American Wire Fabrics Corp., a subsidiary of
^In a unanimbus decision the. Circuit Court of Appeals for the Dls>!.: trlct of Columbia on Feb. 4 rejected thq contention of the Securities ! {'' Colorado-'Fuel .and-Iron Corp., under-which American Wire was given
Balance
$2,326,556 $2,192,743
the exclusive right to; manufacture and sell throughout the-United'!
t-;. and
Exchange Commission that stock held by the management of a'
NOTE—Pending settlement of amortization requirements to - fee
company undergoing reorganization should not be accorded treatment ' y-States and its territories, dependencies and possessions, prefabricated !?
reached in 1946, provisions for amortization of plant acquisition adjust¬
r':: equal to the publicly held stock.:;
! .. :
.-!•-- ;.!;!! buildings, panels,, connectors, and office partitions made under the
ments have, been increased in the years 1945 and 1944 by $1,467,608
t-.:;->;The decision was rendered by Chief Justice D. Lawrence Groner and
above-mfentioned patent and patent ./applications and under'any. inAnd $1,689,981, respectively. '
'
"
by Associate Justices Bennett Champ Clark and Wilbur K. Miller.
i
«
Aventions-or improvements relating thereto, fpr the respective terms
^ •r In the case in point, * the .appeal >'had been taken
Provision for Federal income and excess profits taxes or provision in
.by C, T. Chenery; !• of .-the patents and any, reissues pr .extensions thereof.
-7.',,- '
lieu of such taxes for 1945 and 1944 have been reduced $1,467,608 and
...a; President of Federal Water & Gas Corp., and by other officers and
vUnder this' agreement'? American .Wire' is to pay" the Corporation for
/: directors of'the corporation from an order of the SEC denying them :i
$1,689,981, respectively, {resulting from the amortization of cost of
the!calendar ^ year -1946 -a royalty M)f: $35,000 plus 40 cents for every
>*f7equal participation in the reorganization, with public holders of the £
emergency facilities on an accelerated basis.—y. 162, p.. 3192.
panel sold by American Wire during 1946. For: the years 1947 through %
preferred' stock.'
;':!
; 1950 it Is to pay the corporation-a royalty of $60,000 per annum!;;?
•'
:\ .The preferred stock of Federal owned by the management /entitles .;
C*isholt Machine Co.—-Acquires Certain
j? plus 40. cents-for each panel sold by it during those years in excess
t them to receive in the reorganization
73,859 new common shares;
See International Detrola. Corp. below.—V. 162, p. 3192. , .
*
Thereafter; American Wire?is to pay
.! The present decision really was in the nature of a clarifying opinion!^ fbf 62.500 panels per annum.!
:?the. corporation a royalty, of. 40 cents per panel with-a minimum
-."The same Circuit Court ruled by two-to-one about-three years ago Vi
(W. T.) Grant Co.—January Sales Rose
'
£ annual royalty of $25,000.
'
*
—-TL
t*
in favor of the appellants and this decision in turn was.appealed td
Period End. Jan. 31— 7
1946—Month—1945 fL 1946—12 Mos.—1945
In addition American Wire is? to
the U. S. Supreme Court by the SEC.
'
pay the corporation a license fee
or. royalty
of 2>/3%!of the net sales price of all office partitions
cThe Supreme Court then remanded the case back to the SEC for
Sales
11,497,364 10,749,528 180,307,782 175,460,824
manufactured or sold by itfurther action not inconsistent with the court's decision.
•
^
The Com¬
—V. 163, "p. 193.
mission again rejected the management's right to participation in an
The contract further provides that the corporation is to
continue
order handed down in Feb., 1945, as a result of which the appeal de- <
to, maintain an organization, for research, engineering and architec¬
:
(H. L.) Green Co., Inc.—January Sales Off 0.9%——.
cided now was taken.
■
"
y
-■
:• !v" .!
tural work and for the purpose of promoting the sale or license of
5
Period End. Jan. 31— "' 1946—Month—1945
1946—12 Mos—1945
;
f
In the unanimous decision issued Feb. 4 the Circuit held that in
.?- foreign
rights under, its patents or applications; . that the expense
Sales
—i____
$4,480,698
$4,520,973 $67,603,206 $68,659,128
and costs of such organization shall be reimbursed to the corporation
taking its action denying the management the right of equal participa¬
The company in January, 1946, had 145 stores in operation, comtion the Commission overstepped the bounds of "administrative dis¬
by American Wire at least monthly commencing with the month, of
nsror» with "14Q In
t.hp samp month last, vear.—V. 1*83. D. 193.
cretion entrusted to it by Congress.""—V. 162, p. 1391.
•*!.'-'y oy ! September, 1945, provided that such expenses and costs shall be subject A?
:
Federal Water & Gas Corp.-^Court Reverses
SEC— '
.
;
great
present
demand
for
the
.
.
.
■'
L
.
4
.
•
Properties^-
'
•
6.96%—
,
.
-
-
-
•
v
.
780
THE COMMERCIAL & FINANCIAL
Green Bay
December—
Oross
lrom
Net
from
Net
ry.
& Western RR.-
Net
from
from
Net
7
'
10,171
1,028
;7 • 7-.
'77
Class
♦Prov.
2,817,687
562,841
$31,854,877 $34,366,628
266,615
277,937
1,081,293
.'1,022,689
1,481,533
1,717,340
$451,894
t$62,810
t$51,724
$229,712
depletion—:V
and
♦No
provision fof
4
246(539
$50
is
payable
163,
,
i
t
$1,000
per
debentures
?,
* V -'
1 v
■
•
will
debenture
made
be
■;
at
193.
profits taxes.
excess
S; Idaho Power Co.
tDeficit.—V.
-Earnings—
p.
following
Period End. Dec. 31—
record
Feb.
been
1346:.
15,
the
declared
various
'
1946,
Regular
Agricultural-7
Automobile
Aviation
Building
.06
,1
Investing
—.
company
priced
_
———_
-
Railroad- bond
Railroad
•
Steel
.08
.10
.01
—
—
—_
„_
.08
7
.
''Extra"
come.
71945,
'
Net
from
ry.
Gross
.03
Net
.10
(Operating
for
from
The
and
Interest
252,000
•Amort
of
premium
—ut.—
debt—
on
^——.,..7.:.——..
.
the
■J
the
Balance
$1,856,384
•.''' 1
^Balance/
r<
•,.
to
reduction
NOTE—Amounts
Federal
such
.
1941
have
bv
been
the
1944
year
of
cost
of
6,619
outstanding
redeemed
the
■4
«'Costs,
».
and
oper.
"jEs-n.
-it
<>k
7%
accel¬
an
489.^
'
..j
.Easthampton,
at
$100
preferred
share
per
and
Mass.—V.163,
1945—6
$2,427,248
3,647,900
210,470
t
...
of
and
70,000
147,935
$481,655
$830,315
■
.
raw.
$1.52
materials,
Tlic Securities and
4*e
$673,806
$1,065,630
391,824
$3.56"
162, P
its
&
Co.,
registration
New
as
ex-
2942.
Ac
investment
broker-dealer should
alleged violations of
bv
members
of
before
c.,
fore
tne
the
its
proceedings
firm,
de-
should
or
to
staff
company
that
the
statement
was
firm
sold
became
theSecuriSes
.
are
rnd
our
not
only
1033
amazed
Exchange
affairs
purchase
its
have
we
related
at
the
This"
and
even
the
brought
conduct
of
&
■$105.63
per
Dauch
Paper
the
share.
Co.—Calls
by
*'
the
our
$4
cumulative
on
Preferred
Feb.. 25 all
convertible
-
Se-
business
un¬
r:%
Stock—
the outstand¬
preferred
stock
at
W;, '
^In May, 1945, the stockholders
this stock
35,900
,share-for-share
on.
a
On
Nov.
:V
'J;;;'.'
which
from
^7,''
1,200,000
to
the
•
basis
company
l^ '7.'7^. f j-'".
■
FOR
YEAR
31, 1945
—I—
'
as
•
-
ENDED
—,*$36,244,179
7-
$2,905,603
par Walue-. Two
exchange for
in
759,325
shares
New.
7VJ 7
since
1943,
has
-,<>!'
.'4,1 ,■!->
'
^
national
death
Excess
to
i
years,
profits
tax
and
surtax
tax-r—
iestimatedX——7-
243,971
1,936,657
'
—
Cash
year
'■
1944 of
7——
share)
23.7%
732,436
1944.
over
facilities
:
the
in
a net profit of $9,861,210,
1,633,105 shares of stock now out¬
for the
a
or
NOTE—Consolidated- provision' for depreciation of property,1 plants
equipment amounted to $168,153, and amortization of emergency
amounted
to
$548,800, exclusive of additional amortization
:
•
$882,325-
——
($1
$6,939,436
and
the- year's
v.:,.v
Aircraft——;M18
profit.-
dividends declared
♦An increase of
-■
on
——$884,243
-
Consolidated net
Jan.
amount of $516,969
The 1945
■
j
July
.
strike
1,
7 Utali
the
after
1945.
from
Excluded
Radio
the .four
California
Products
International Detrola
.
applicable to prior years, reflected
include
figures
7 operations
$10,-
completely shut down since Jan. 21
brought about by action of
steel
20,09ff.:
facilities' applicable
emergency
Profit allocable to minority interest in Rohr
'\'7
i
follows
as
elected
been
7
with the earnings
to $6.28 per share.
the
prior
Federal normal income
are
sijbjws-
the
$3,119,414'
——-
——
/-■■•
of
amortization
•
Balance
sales
on
—
-
,
„
York, Vice-President of this corporation
of
Income
less related • reductions in Federal taxes
7and renegotiation refunds^—34,445-
Co.,
•
$14,011,974," principally
tended
interests in
its
the
above.
•
Aircraft. Corp.
subsidiary on
Rohr
of
a
|f|
are
Universal Cooler Corp.,.
Caswell-Runyan. Co. which became
result of a merger Get. 3L 1945.
operations
and
divisions
■
months
company"' became
as
International increased its assets during the fiscal year to
from
/
to
handle
consideration
nancial interest of
.
these
result
as
electrical
the
of
home
transactions
,
$27,422,769
which ex-
appliance field.-
.7;-
■<>
I
>'.r
welfare
of
stockholders.
our
in
a
way
that
give
-
our
employees
to
and
'
the
♦Income
income
.
V Total
for
deprec.,
and
paid
redemption
Payment to
amortiz..
expense
the
and
and
expense
Steel
bonds
on
'
called
pension
trust77
Net
excess
'
,,
dividend
of
$1
per
\
^-7
shpre has been
stock,
Great
Northern
Gross
from
from
Net
ry.
'.7, 7 7 1^H.77V 1944
railway^-f $2,437,565! $2,705,444
railway—7__
income-—
oper.
*248,062
*130,836
•
871,710
from
the
->.'7Mr(.7'■
' 1^42
1943
Net
from
Net
ry.
railway-^
income—,
Products
been
963,851
287,824
1,082,657
for
for
called
7
'
At
the
annual
meeting
approve
9,415,456
10,881,223
3,452,722
4,921,149
has
ended
July
Since
in
issued
on
in
date
lieu
conversion
remaining
cash
debentures
that
cash
in
Dec.
—V.
*'
.
7
p.
194.
of
1946,
stockholders
are
asked
to
been
,
,
com¬
Corp.;
Detrola
for
previous years no
periods to Oct.
subsequent
for
the
made
been
1944. '
31,
originally
on
July
ended
year
basis
the
of
" 7'~
"
the
7
.
in
the
common
fractional
stock, plus
shares, have
principal amount of
of
amount
163,
of
of
$9,100
debentures
redeemed
were
465.
p.
v,
Radid
Utah
issued : by
shares
issue
$648,900
''77'7777:
as
7
/
-
7 '7'>*, v,'
'.'s77:7...
'
'
r*7 '7 7^ 77. x1-'.»i
I
at
Jan.
upon
adjusted
to
the
with $32.46 on Dec.
/ 777-7
compares
163, p. 312.
directors
on
record
the
Jan.
31.
sheet
prices,
31,
was
on
that
$34.09.
Fund, Inc.—Dividend No. 2—
29
stock,
An
•
no
initial
Oct. 26, last year.
According to Robert
E.
cents
of the dividend
Just
declared
par
dividend
a
payable
value,
distribution
like
of
of
Feb.
10
21
amount
7
-
cents
to
per
holders
was** made
on
.
dividend
income
and
#
/7777;7777
Jan.
on
capital
the company,
balance
market
:
7
outstanding
date, with
This asset
1945, and $26.56 on Jan. 31,
of
share
common
based
1946,
31,
owned
Investors Stock
The
share
of
7
v."
Investment Company of America—Asset Value—•
value
of
$2,744,818 $44,318,337 $42,909,613
$2,704,448
-
7-7; '•.# '
•
securities
}
18,
for
the
1945.—V.
!
163,
•
1945.—v.
jil) the, sale, to Interstate Machinery Co., Inc., of
had
paid or accrued 7
in the following
wholly owned subsidiary—
Corp.
48,656
of
debentures
31,
Sales.
•
5,786,908
Feb.
been
Period End. Jan 31—
7,771,653
3,058,233
on
had
renegotiation
required
Aircraft
21.760.522
International Detrola Corp.—Stockholders
Asked to
Approve Sales of Machine Tool and Turret Lathe As¬
sets to Increase Capitalization— 77 7
7
ratify and
contracts
war
Interstate Department Stores, Inc.—Sales^— 7
77. 1946—Montn—1945/
1946—12 Mos.—1945;
'
812,688
29,595,900
;
of
therefrom
provision
year
convertible
Co.
paid
and. the
$2,199,946
681,010
163, p. 72.
$27,422,768.
31, 1945, 49,187»/2 shares of common stock of International
Corp. were reserved for'conversion of 10-year 4Va%; sub-
$153.41
V
the
in
be
to
Rohr
7- The net asset value per
$2,480,794
30,882,213
railway— : 29,634,532
oper.
resulting
allowed
for
which
for
ordinated
7kpitai
7,712,384.::'
.
7
stock),
surplus,
Oct.
Detrola
From Jan. 1—
Gross
Rohr
expected
for
.JkV.'
RR.—Earnings— v ">"7
December—
Net
capital
Co., Dec. 31, 1944; Universal Cooler Corp.; Sept.'
Aircraft Corp., July 31, 1944,
On the basis of
margins
are
1945,
no par value, payable Mirteh.l to
holders of record Feb; 13, lln
1945, the following payments
made: March 2,
June, 1 and Sqpt. I,
$1 eachj and Dec. 1, a year-end 'of
$1.50.—V.
International
and
profit
except
11,601,000
...»
total,
Utah Radio Products Co. and
1945,
•
163,'p. 65^.
1944;
1944*;
the
5,9*59*000
*'<»
declared'bA
y
$4,050,636;
renegotiation
refunds
31,
At
•
,
-,
31,. 1945,
the
7settlement
77_$9,861,210 $10,249,395
.1
$6.04 r ;:; v $6.28
deduoUng administration expense and all charges for repairs
cash
Oct.
and
7 31,
051,813
taxes—-Z77
4.380,766
profits taxesi;7—.73,833,308
To Pay $1 Dividend^
those
31,
Net, income per share..—
•,
of
refunds
income
maintenance.
common
into International Detrola Corp., and the
companies as of that date have been included in
consolidated balance sheet.
The accounts of The
Caswell-Runyan
30,
1,040,000
income
surplu,
The
600,000
Federal
of
$1,150,812;
share),
a
years up to and
including the date shown
tabulation for the respective companies: International
7
534,215
dispute
for
$1
merged
Oct.
996,293 :r? 1,033,243
facilities applic, to years
prior.to 1945 (net alter inc. tax adjustment)
Settlement of patent infringement claims and
Provision
(par
7 for all
of emergency
license
As
for
:„
Co.
1.56%
of Oct. 3T, 1945, Utah Radio Products Co. and Universal
accompanying
pleted
1,099,491
——■_»
^
Inland
10-year
1954,
Caswell-Runyan Co., a wholly owned subsidiary of Utah Radio Products
Co., have been consolidated in the above "balance sheets
" ■
•
>
"
$32,999,864 $38,838,269
depletion.—11,102 259
9,995,631
bond3:__r_—
on
4,/a',f subordinated
$658,000; minority Interest
$10,287,188;
(represented-by
stock
were
of
accounts
.
—$31,900,373 $38,838,269
•
Prov.
Corp.
earned
NOTEsTas
1945 •••'■1944
Amounts provided In prior years for inventory reserve, etc., no longer required and restored
to
(estimated),
common
$ Cooler Corp.
•'•••• /■■;..7;.
'"■■
■
-
debentures, due Septo IS,
Aircraft
$6,689,942;
fi¬
;
-
:
Rohr
$58,308;
every
PRELIMINARY INCOME STATEMENT FOR CALENDAR YEARS
*
i'i
will
profits
convertible
;
the
to
matters
contract
in
y
,
15
STATEMENT
,.
pur¬
corporation."
——
'Additional
shares
preferred, and on Dec. 31 an additional
10,000 shares were called. In
1945, the stockholders converted 6.204
shares
into
coirimon,
leaving
the
14,696
shares
of
$4
preferred
currently being called.—V. 162, p. 3073..
■'•■■,7.
issued
Total
Interest'
,
incorporation
a
♦Deficit.—V.
approved issuance of
which
was
exchanged
outstanding $5 preferred stock.
5,000 shares of the new
then
m
of
,
compares
of
intention
our
& Co
honestly and sincerely endeavored to abide
also by the spirit of the
Securities Act of
In forming the
underwriting group to
has called for redemption
the
to
-
A
In
of
elim-
is
advantage
good
operations
the
—-
division
used
been
to
.
and
we
believe, the same procedure followed by substantially all other
derwriting houses doing a similar business."—V. 163, p. 652."
•
•
of
be¬
publicly offer the stock of Higgins, Inc., our procedure
respects was in line with our regular course of business and
was,
Hinde
stock
common
stock
of. $i
be
to
are
stock
meeting
common
annual
of
statutes.
and
The company
ingshares
of
common
3,000,000. shares
stock
their
at
certificate
the
$2
a
♦Afte'*
proceedings
—
! Balance
made
Incorporated.
Commission.
by the letter but
and
in all
utterly
and
conducting
this
have
used
be
now
.
sSaref of Hlggi„s!
effective
can
for
otherwise
would
-
not
Van Alstyne, Noel's
Reply—Van Alstyne, Noel
replying to the SEC's charge, stated:
"We
the
Co.—Preliminary-Report—
equivalent
Amortiz.
a hearing for Feb. 14 to consider charges
SEC
legistration
Higgins
cr.ilties
to
authorized
to
charge
Provision for Federal
./T'M-* Commission set
in
capital
facilities
plant
which
facilities
on sale3 of securities & prop.,
plant & equip.——-—165,414'
Miscellaneous other :income-^,n——
—48.39T
v
national
Interest
Cited By SEC in SaIe
York
oh '
,
$4.75
selling and administrative
Exchange Commission has instituted
Alstyne,; Noel
whether
•okedw suspended because o[
i
of
yj'7.7 's)-,'.
Premium
Van
split-up in the
stockholders
•
$2;i5
operating
/ofISU«!k^-I"C'~Br0kerage^^?irm
iei-ivi-e
the
present
in
■'
cap.
'
•
,
■
242,419
.
$600,315
230,000
$353,558
...
1
merger
be
'
264.921
237,860
$333,720
liPcnscState, county and Federal taies.-V
.
2-for-l
(INCL/SUBS.) '
$283,558
pro-,
used
machines,
initial
-
,126,704'
2,068,328
.
possible
118,757
1,557,310
and
being
are
Cost of products sold_iw—_»7--—--7---——-——32,014,988
Selling and administrative expenses.—
:
— '
1,323,588
that our employees and their representatives
appreciate the fact that
nothing can be gained by presenting demands which • prohibit the pos¬
sibility of their acceptance by the Inland Steel Co.
It. shall always be
$4,829,047
4,165,497
:
and
production
/
'
CONSOLIDATED BALANCE SHEET, OCT. 31, 1945 -777,1
presentation we have not been approached at any time by the
r
:
ASSETS—Cash, $5,716,676; U. S. Treasury savings notes , (at cost
representatives of. the union:to reopen: negotiations- on/ the.matter.of
7 and: accrued interest), $312,683;; trade accounts and miscellaneous
their Wage/demand.
/ *
■„"
" '
;•
•
;
■
receivables (after reserves of $53,500), $2,720,547; claims under ter¬
v;
•1 The present strike was called as a result of a deadlock in
negotia¬
minated war contracts, $7,856,054; refunds of Federal and State taxes 7
tions between the national officers of the CIO, the United States Steel
/: on
income and renegotiation adjustments, $2,026,176;
inventories of
Corp., and the Federal Government, after the United States Steel Corp.
7 raw materials and supplies, work in process, and finished products—t
had made an
off^r tq increase wages by 15c an hour, which was equal v at lower of cost tfirst-ln, first-out, or average cost method) or mar«;
to 60'kr. of the oiigirial $2 per
day demand of the union. -77.'
ket; $5,220,065; investments and other assets, $310,890; property, plant,
The average hourly basic wage, without
overtime, of ail workers: in 4" and-equipment (after,reserves for depreciation of $1,641,203)T$2,615,our
steel mill was^ $0,889 per houti
for, the .month .of January,. 1941."?
804; goodwill, patents, and trade-marks, $5; defeired assets,. $643,868;
The
average
rate paid in October, 1945, was $i;l44,<-,. The increase ; *•
total,.$27,422,768.'' 7?f
;»
^
' "! ,\, • '
'>7-:'-7 \'7
fully covers the increased dost of living for the same period as re¬
ported by the United States Department of Labor.
LIABILITIES—-Trade accounts payable, $3,136,274; salaries,
The average actual
wages)
and
weekly pay of our workers in October, 1945, Including overtime and
commissions,
$600,389; amounts
withheld from employees for
incentive payments for increased
taxes and
bond
purchases. $151,978;
reserve
for service warranties,
production, equalled $54.26 per week.
$48,615; taxes, other than, taxes on income, $294,012; dividend payable y
7; We are ready, at all times, to bargain with the agencies which our
Nov. 22, 1945, $296,616; Federal taxes on income and refunds of war
employees choose to represent them, but we believe that it is important
Mos.-~1944
$5,21.4,142
1,812,867
153,957
buildings
retained
special
■'
-
cumulative
1946,
in
74,026
oper...
share
°In:ludes
;
of
1,
$2,404,595.
received.....
per
tax
.'
p.
' f.
>'
shares
office
costs.
from
Nincome
for
of 7% Preferred Stock—
1,928,255
devel.
inc.
* lends
on
for
California—Earnings—
/D prec., depl. and aband.
i©i
-V
gen.
expenses
i'l?,tangible
facilities
1945—3 Mos.—1944
income.
oper.
deduction
1,435,010
purchasing
money
plant
will
OCT.
3,985,804
•
it
CONSOLIDATED INCOME
officers of-the Steel Workers of
America, CIO. -/ The local
CIO representing our employees submitted their demand
day wage increase on Oct. 11,. 1945, stating flatly that
nothing less would be discussed.
They were advised by our operating
officials that such, a demand could not! be complied with<.
Since that
.
period.
.
,
Period End. Dec. 31-
Gross
the
Corp. above.—V. 133
March
on-
company's
Hancock Oil Co. of
■
to
working
8,876,302
4,287,681
,
result
a
the
' $387,433'
emergency
in
common
the
a
the
Our current operations have been
as
amortization
Co—New, Control—
f- Hampton Co.—Redemption
be
due
emergency
5ri,rixv
entire
war
the
163, p. 71.
J
The
to
accrued
See Consolidated Vultee Aircraft
itdvidends. at
yp.,v652.
due
the
to
been
for
Hall-Scott Motor Car
Wock.wiil
taxes
excess
amortization
erated basis.—V.
Federal
9,970,868
'
249,395,
'
•
r-
that
earnings statement tor 1945;
Thc
:
567,885
.—
by the company as provision
profits taxes or provision in lieu of
eliminated for the year 1945 and have
and
$567,685
of
purposes
-
136,871
5,129.256
amendment
value
par
Inland Steel
heads of
in
facilities applicable
heretofore
income
taxes
reduced
'"?■'
^fw——$387,397
♦Equivalent
4>/ cost ofemergency
:Ur
Av''1 \K
proposed
an
equivalent to $6.04 per share
$955,318
1,468,987
*Y :;" • 'V
*"•
306,554
417,759
">
11,585,474
7
Edward L. Ryerson,' Chairman, comments
•
66,156 /
*
237,020
123,221
The
such
1942
$724,805
board of directors, to fill the vacancy caused
by the
of Fred. W. A. Vesper of St; Louis.—V. 162, p, 3192.
standing.-
♦Non-recurring amount
on
new
of
i
•'v
$1,021,474
,
1943
334,858
2,249,817
increase
an
%
174.130
Cr56,301
$1,922,540
66,156
have
vote
share
since
22,
334,846
20,278
chase
$925,381
of
necessity
inated.
New Director is Named—
.
'
77:7|$7
$936,120
3,327,066
Charles W, Carvln
Ur2,5037rCr2fi23
■
/Net Income
Dividends on preferred stock——.
f,,
$1.89
*
270,586
172,654
,
„>
7—
the land,
possible to house the operations
of the Utah Radio Products Division, now conducted in leased premises
in Chicago, in plant facilities now owned by the company.
As a result,
7777
1,128,183
recommended
27,
results:
1,1'
$2.92
7
$1.42
ji Oct. 31, 1945, reveals that
$1,074,367
Net .sales
without
48,0h0
V
303,278
•
'Other deductions
$1,316,225
' 1944
r
railway„_,i710,796,848
of
240,000
48.000
7.7
long-term debt
on
7
'77-
'1945
,■
outstanding.-
1944
2,290,080
7/
acquisition adjustments..
*
prospects.
:k 7;"A1 study of the. corporation's plant. facilities since the
7 7r;7f
'7V
$300,921
$712,761
166,430
income
directors
providing
$4,320,292
income
i.
railway..
have
March
of
1,830,288
General taxes
peace-time
Profit
In¬
$4,546,537
—
depreciation-———i—
Amortization of plant
/Federal
7?!.°2
railway
oper.
from
each
1,
expenses
Provision
331,775
308,036
-
"industrial Rayon Corp.—To Split Up Shares—
.08
1
1945
Gross revenue
7
>
shares
31—
Dec.
v'f-1
'
Co.:—Earnings—
Ended
better
and
.
ry. oper. income
—V. 163, p. 652
7
.07
.05
•
yeari
12 Months
60,587
.
$457,220
Not
dividends
Gulf Power
-
100,000
V
railway.,
shares
-
$1,406,143
$1,624,262
:•
lathes
superfinishing machines,
duction equipment at Elkhart, Ind., were
for contract machining and assembly of
engineered and designed by others, v7
From Jan. 1—
.05
.03
' 7_.7:
^
.06
' '
from
Net
-
V, 162, p. 2271.—V. 163, p. 311.
see
$361,508
y
,
net
.fFor3record
/ r
•
surplus
December—
Gross
*
1
have
to
appear
rent
the
represent distribution
from
accumulated,'
profits.
of "distributions made on Nov. 26 'aiid for full
undistributed
700,486
RR.u-Earnings—
>■
*
By ''regular dividend" is meant dividends from' net investment
.
and
Earns, per com. share—
,08 * j
.
.03
.02
_
$2,106,629
717,066
$557,220
"
.08
'
:
.06#
.
-.05
•
$2,341,328
181,865
;
a
favorable market, the corporation has obtained additional work-;;
ing capital for U6e in its expanded operations in the manufacture and
7
sale of radios,
cooling units and other household appliances, which
to pld.
7^V;/'162;-p;'2393^:';:
.16
*
.01
.
.
.04
——
Utilities
divs.
'
.10
.04
,04
Tobacco' 1
income
.11
.04
.
.05
*
'
.12
^
<
.10
.
.04
.
—
$543,373
;/
•'
:
in
4,182
782,
188,664
Bal. avail, for eom.slk.
•4'
.07'7;;'7'-7'.117:7
.04
equipment
.
.12
.04
Railroad stock
1
'
.13
.08
_
7
:
765
$745,884
stock for the period.:.
.07
.04
^
*
•
income
Dividends applic.
.15
,
.08
.04
X
Petroleum
7„v;
.12
:
—05/"
..
—
Merchandising
Mining
.15
.04
machinery ——7,—
Institutional bond
$542,607
939
several reasons.
"Although the corporation has discontinued the manufacture of tur-
.10
.08
„
$744,944
'
(net)
deductions
Net
.08
.11
.02
—
'
•.;/
7///
.04
,
,04
revenues..
income
Income
.07
;
.04s
"
-—.05
—
77'
.05
—:
Fully administered
General bond
$2,102,446
Total
$0.10
'
$0.07
.05
-
Industrial
...'
———.05
equipment
Food —
Low
$0.03'
.
_________—
Electrical
$2,340,545
oper.
Other
advisable .for
added:
the manufacture of machine tools and turret lathes was
quite profitable to the corporation during the war period, the peacev time
prospects of such business do not appear to the management to
look as promising as our other lines of business.
By'disposing of most
of the assets pertaining to its machine tool and turret lathe operations
$7,634,047
5,531,600
Quarter-
" Extra
7v .'•..09
—
Chemical
'.
5,617,225
Gross
7/77/7
7
$7,957,771
1,370,555
:
For First
Class—'
$1,913,162
1,306,377
Net
this
of
deemed
;,7"While
1945—12 Mos.—1944
1945—3 Mos.—1944
$2,051,321
shareholders
to
these assets was
Mr. Feldmann further
deductions..
'
shares
of
classes
payable Feb, 28,
on Jan. 28 stated that "these sales
carefully considered by the board of directors before being ap¬
proved and resulted in a net profit to the corporation of $111,000. 'Sale.'7£;,
of
revenues.^^^
rev.
the
and
C. Russell Feldmann, President,
162, p. 2148.
Operating
'
■
dividends, on
corporation have
of
increase
;
,
the corporation hud only 285.4 authorized and
accordingly the stockholders are also asked to
authorized number of shares from 1,200,000 to 2,500,000.
shares
were
'
18,
Feb.
on
presentation of debentures for stamping.
office of: RobertWin throp & Co., New York,
on
Group Securities, Inc.—Extra Dividends—
The
unissued
J
—_L_
'■'?*
7!/ As of Dec. 31, 1945,
1,157,140
1,179,281
384,795
273,395
417,018
income
Machine Co. of the business, good will, special equipment
inventory pertaining to manufacture, production and sale of turret.
and superfinlshing machines.
:'7':'.77':-
Cr58,000
^
—.
Deprec.
Gisholt
and
V lathes
Oper.
.
to
30,083,155
28,321,086
■/:■. j
Other taxes —247,873
626,992
175,111
7,287,801
taxes
Fixed charges
2,296,138
966,474
Fed.
\
tools and equipment located at the Libby Division in In-.
dianapolis, Ind.f (2) the sale to F. L. Jacobs Co. of the land and buildings located at the Libby Division in Indianapolis, Ind., and (3) the sale,
,
,
1945—12 Mos.—1944
7,488,708
—
for
income
on
Mosi—1944
Monday, February 11, 1946
machinery,
Subs.)—Earnings—
1945—3
$8,193,341
Net
of
Y.—V.
(«&
'
'
A
Interest,
;N,
Co.
—$8,761,609
——
Expenses
'
Payment
-
12,966
:7;7'77':,'
2,809,550.
587,432 y
126,040 7
income...
ry.oper.
on
Gross
♦17,479.
'
:
Coal
Period End. Dec. 31—
1942
$201,416
610,367
2,690,667
Interest Payment—
■
7
32,014
.
railway——
7
■*5,322
31,117
;
railway-——!
* Deficit.-
;
1943
$203,171
52,475
income
Prom'Jan. 1—
Gross
7
1944
$221,806
railway
oper.
Hudson
Earnings—
1945
$202,765
.
railway
CHRONICLE
.
Macgregor,
declared
aoproximaiely
porlfiOlio securities.—V.
162,
p.
mately 0'/2
from interest und
from profits .on salq
'
7.
7
President,
was
realized
3)4
1890.
cents
•
:
>
approx
-
Volume
163
THE COMMERCIAL & FINANCIAL CHRONICLE
J Number 4463.
Investors Syndicate.—New
Vice-President, etc.—
Harold K.; Bradfordhasbeeh^lCcted-
:>
Assistant to the President'since 1939.
He
♦
ia; also
Selective
funds-sponsored
and
g,cod
Vice»President. He has been
a
'•
,'■
.
*
•
managed
by
.<
•
Vice-President; of'Investors Mutual,
Inc.,
and
Investors > Stock Fund,
a
Fundi
investment
at -presentis "
Inc.,;
-it'-p from
serving 2Va years in the U. S. Marines, James R. Ridgway,
'Jr;.' has, refined Investors .Syndicin Minneapolis as/ Assistant tO)
D. Ei RyanV.'Vlt»LPresideht in charge' of the- mdrtghge
department.—V.;:,
162, p. 2272.
.
;
' "
■
■
,
W
V'
^
.
J-'
•
,
,<Vi
'
during
to
realized
net
assets,
,
1945,
$28.59
profits
of
the
amounting to
share on the
per
paid'on December
was
Louisiana -Power & Light
Period End. Nov. 30—
Series .v'-'Ki"
15,
Fund
operating
Operating
than
•
Company's proposal to amend its articles. .ot. :ineorpQration. an<i Oto
refinance its outstanding'38.700 shares ($100 part 6% preferred stock
142,000
170,000
1,697,000
'$206,694
and
11.300
shares
1{/»
($100.part
cumulative
preferred
stock
was
'
the
ap¬
'*'i
increase
more
than
>
the securities will have an
share-for-share basis for
opportunity
a
to
•
dividends.
•
•
•
and
the
price
share
to
be
A
*
cumulative
preferred Jitock.
(Bids for Purchase df
■
1
♦,
&
-
like number
to
specify
first
163,
exchange
465.
p.
•
for
rate
for
....
the
stock,
with
present., stock,
.
'•<
r.
•
>..
is
Cash
.
,-•
.
International
Detrola
Jamaica Public
"
•
■
1945—Month—1944
Operating
revenues—
$139,718
Operation
—
60,935
Maintenance
Utility
9,166
-
$38,818
$27,250
1,769
Dr565
^Net
>
Preference
dividend
$405,092
8,660
103,318
$20,359
$301,773
124,411
of
cents
91,800
91,800
paid
ry.
*
March
record
110,041;.
company on Deo. 20,. 194S -paid
chare on the common stock.
'
usual
The
the
to
a
quarter
^
year,
S-"i
dividend
quarterly
preferred
""O' 'Ji'
-
stock,
Deficit.—V.
-
w
"v"
'■
f.
t
December—
Gross
from
from
Net
railway--/^.
-i
,
From Jan. 1—
Gross
/
from
V
.t. j. 54,778
issued;
are
deposit
The
"
k
;^
;
'
*
;
.
,
.
industrial
»90 696
bank
*91,028'
estimated
Net
,49,427
3.109,505
1,014,657
:
3,493 358
$458,883
*,951i49t*425,568
1943 v
.$232,676
;vl7,770
j,
4,006,760
1,895,232
983,111
3,243,746
1,756,718
816,734
?
*Deficit.—V." 163,
1944
'
1942.
*
The
directors
on
Feb,
1
declared
present outstanding 740,000
payable March 15 to holders of
distribution
recent
already
the
held,
370,000
of
additional
one
■■
share
:
Viv-V
each
$5
6,103,392
:
15 and Dec.
15,
40 cents each.—V.
The
company,
liabilities
at
:
operator of 1,600 motor vehicles,
and its assets at $533,241.
$1,289,134
listed its
current
Roth, at¬
Claude
and
of
Total
service
feet,
' *
and
1946—Month—1945
Formation
Coldaire Corp., to sell, merchandise and distribute
and equipment which will be manufactured by
Corporation, Philadelphia, Pa., was announced, on
of the
Aircraft
A
4
15
,1946—12 Mos.—1945
the
deliveries
be
Will
Plans
in
$195
$260.-'
is
simplified
new,
of
three
cubic
foot
home
freezer
designed
urban family and to fit 90% of America's kitchens.
these cabinets will start this month, reaching full-scale
March or Aoril according to Mr. Stillman. List price
(F.O.B.,
Philadelphia,
'
'■ ;■■
':
call
for
a
complete
of
Pa.)
although the
home,
O.
farm
P.
and
A.
Gross
list
Net
display storage-freezer cabinets. The Bob White Organization,
Chicago, for which Mr. Stillman also directs frozen food activities,
has been working with Kellett in developing .frozen food cabinets and
equipment for Kellett to manufacture as a part of its peacetime
production, and the exterior design, capacity and functional engineer¬
ing of the cabinet is based on tneir extensive consumer research.
Present: plans,
reports Mr. Stillman, call fbr' the production of
100,000 Coldaire units in 1946. Other models will be announced in
the near future,' and the next cabinet to be Introduced will be a
cabinet
for
from
.
of,
their
cents
$10,
1945
per
payable
were
oper.
and Dec. 10,
is
placed
at
Co.,
W.
share
has
March
11
of
-
"Bl"
Fund,: the portfolio
■
'
other
"■
j,-
1944
•
:
313.
p.
-
1943
.
1942
v-:':
■•'■
■
■
corporation^ wilh redeem":^he
stock
1, 1946,
April
on
amount
of
cents
25
.outstanding
at $12
28,900
share plus
a
share, plus
a
one
holders
12,
of
June
a
1945
-
Gas
1944
the
on
com¬
Feb.
$3,110,083
529,381
34,291
*77,946
'
the
same
of
time. the
th'e
•
44,947,735
42,977.728
11,155,107
2,813,649
12,071.643
;
'
8$,819:
$20,400,663
15,532,946-
$3,321,903
$4,867,717
73,102
1,282,323
2,574,749
15,774
250,467
274,280
168,605
243.631
,
-
3,302
$247,927
*$68,998
:
1945—12 Mos.—1944
$340,105
Cr230,133
Gross" income—
Rentals, int., etc
'
::
.$1,514,833, $1,880 732
587,663 pp 609,775
r
^34,581
$14,821
8,669.960
2,002,737
The
company
1954,
at
The
Canadian
excepted)
meeting
of
on
the
will be
$282,508
140,355
" 178,"574
$2,102,496
'1,673,786
$2,490,507
-,*$125,534;
.
$103,934
-
1.775,^75
$428,710]
$715,232
p. 655.
has called for
redemption on
March 4' 1946,
(closed) mortgage 15-year 4'/4% bonds due Ma-'i 1.
interest.
Payment , will' be made at any. branch of
Bank
of
Commerce .in
Canada /■ (Yukon
Territory
102 and
in Canadian funds.—V.
Systems,
158,
p.
893.
Inc.-^Ent® Field ^
Single Food Items—
changed
be
-
Maitson Food
March 25. Another
company
'
! Masses-Harris Co., Ltd.—Partial Redemption—
"
3,736,092
;W
fnqome——™.-l-
Net
Split Shares—Change in
name
stockholders
corporation on Feb. 6, announced that it has entered the f old'
of single frozen
food items in packages. Reports received, sa'd-the
company, have been most gratifying on the first food, frozen PrBn"h
fried potatoes,, now available: m the New York area.—V, 162, p. 3195.
The
•
will
be
unissued
asked
58,000
been
reason
to
vote,
shares
authorized
to
issue
on
of
-
the
$5
several
any.—V.
,
Electric
■
Loeb Co.
and
100.3899; Salomon
464,960
..
preferred stock: ' This stock- 'had
years ago,
but the company has never had
162, p. 3975."
1
>.
1
Co.
McCrory
Stores Corp.—January Sales Up 3.97%—
.
Month of January—
(Ky.)—Weekly Output
■
.'Electric ^output - of thisr company fbr the" week" ended Feb; 2, .1946,
totaled- 26,142,000 kwh.; 'as compared with 31,637,000 ^wh.: for thecorresponding week last year, a decrease of 17.4%.—V. 163, p. 657.
-•
,.
:
34,960,725
Cumulative
Louisville Gas &
1,939,468
*$232,492
revenues—
oper.
! 'Deficit.—V. 163,
but
■
Cbr: (Ind)y I
$1,832,064" $20,767,514
1,491,959 17,445,611
$1,706,976
;
Taxes
$2,950,483
.
common stock on a twb-for-one basis
authorized
■
Kuhn,
100.6359;
1945—Month—1944 \
•
revenues——
expense^-
*27,324
*519,367
the
■
William Blair & Co.,
Equip, rents (Dr)
44,720
jQnt;faeil.hrents t21.919
1942
614,174
'
that
dividends,;:-
Co.-*-Bonds Offered—Formal:
Corp.,
100.47;
*
15.
and
1943
$3,335,658
,
Boston
First
Langley & Co.,
Net ry. bper. incomeOther incorne
"
:
44,998,109
11,019,846
2,715,001
& Electric
maii(9» Feb^8] byr-HarriSi:
was
100.6599;
C.
Net
record
11
sharesof
accrued
share of class B stock.—
■ >..
;
Operating
Sept. 10,
year-end of 25 cents.—V.162, p. 2517.
*45,326
proposal will recommend
Sunshine Biscuit Co.
miscel¬
-
1945
Operating
to
At
of- which
$291,350;
■
Nashville RR.—Earnings-
Period End. Dec. 31—
.
figure
of .the Series
bank,
Maine Ceneral RR.—Results for 1945—
the
square
j
been- declared
to
March
submitted to stockholders: at the annual
,
annual
_Total net. assets
payable,
Hutzler,
100.27;* Merrill Lynch, Pierce, Fenner & Beane,
100.269; Bear, Stearris & Co., 100.081.
Wood, Struthers & Co: toid 101.5713 for a 2%% coupon.
It is understod the winning bid netted the company the
lowest
interest cost for a long term issue in the history of American finance^.
it being
the first time that the 2V2% rate has been broken for a
corporate obligation of comparable maturity.—V. 163, p, 655,
Ray 20-Cent Dividend—
$3,067,142
proposal to split the
S.
Biros;. &
$11,500,000,
313*
p.
"
income...
U.
The issue was awarded Feb. 6 on a bid of 101.56^. :
*^
Othei? bids naming;,% ■ coupon were; Morgan Stanley &
/
104.41; Harrlman Ripley & Co., Inc., 101.40; Dillon, Read & Co., Inc.,
101.0899; Halsey, Stuart & Co., Inc., 101.08; Blyth & Co., Inc.,, i0i 07;
Smith, Barney & Co^ 101.0569; Central -Republic Co. and Tucker,.
Anthony & Co., 100.901;-Kidder, Peabody & Co. and White, Weld &
^
facilities
follows:
as
railway.!
the
IVIilwaukee ,Co/,und Drexel
&^.COi" of $4,500,000s
2V2 % first mortgage bonds,, due Jan." 1, 1976, at 102.25, :
the price to yield approximately 2.39%.
all makes
space
allocated
for
use
Aircraft Corp.,
will be 267,255
Loose-Wiles Biscuit Co.—To
•A
of $105,000,000 at the close of 1944, it is shown
reports of two of the Funds,-made'public on Feb^ 5.t
The
Funds reporting at this time are . the Investment Bond Fund '
Series "Bl" and Appreciation Preferred
Stock Fund Sej-ies "K2"i:,;.Vi
.
extended to
fe'l'Vi;
v
Name Also. Proposed—
'Combined net assets of the ten: Keystone Funds reached a pew hightotal of more than $160,000,000 on Dec. 31. 1945. an increase of 52%
the
-.
stated.—V. 163,
railway
from railway——
elimination
the
•
$300,000 of first
Keystone Custodian Funds, Inc,—Assets at High—
by
will be
'*Defi0ifc.~-V. 163, p. 73:
frozen
from
1945
The
'
•
and a; shop
from
Net ry.
,
type
visual display selfservice retail, dispensing
foods and packaged ice cream.—V. 163, p. 653.
29,
$1,721,'479;' accounts
agencies of
.
'■
Madison
From Jan. 1—
retail
(store
hew
from
.
spare
parts manufacture, repair
one story
buildings with inside height
hangars
already utilized for
service
be
Lockheed
of- 20
par
in
cents each;
Gross
Coldaire
~
office,
of
Net from railway—....
Net ry. oper. income™
.
•
line
deposits,
.
storage,
two
December-
average
Production
"SHEET," DEC.
Lyons Magnus, Inc.—To Retire Class A Stock—
.
-v-
Long Island RR. -Earnings—
.
■
for
stock,
Payments
by
cabinets—a
•
officials
dividend
mon
Charles W. Stillman, Executive Vice-President of the new
Corporation. Coldaire will have executive offices at 56 East Walton
Flacef Chicago, 111.
•
•
'
•Simultaneously Mr. Stillman announced the first of the Coldaire...
Feb
in
will
Lone Star Gas Co.—To
cabinets
food
frozen
Aircraft Service
the
inventory
corporation
Kellett
i;
hangar,
division
■
$6,635,873
pledged as collateral for note payab'e to
$659,605; prepaid and deferred accounts. $322,839;
•*
V, 161", p. 1657.
new
buildings will have 160 feet doors. One hangar
special equipment to service ships larger than the Constel¬
'
$156,929
$6^792,802
-
others. ($190,274 due
"
:.■■
The
the
house
lation.
>'
from
in the
2.3%—^
€0^.—Registrar Appointed—
use
-Like
feet.
purposes,
will
Kellett Aircraft Corp.—New Distributing Unit-
for
modification. They
fifty
:
p 291,350'
railway-.™ 196,541,491 214.779,541 280,799,302 168,024 550
railway
50,060,475
82,896,927
90,646,868
69,795 892
Income.^ 22,701,472 ] 22,637,129 /'25*513.491, :s 23,732,085
*Deficit.—V. 163, pV 73.
v
in the most
earmarked
are
told Judge Walter J. Labuy that the company's cash position
tvas "desperate."
e
The court appointed William F. Drohan, the company's vice presi¬
dent, and Daniel D. Carmell, labor attornev, as trustees.
The petition named the subsidiaries as Keesliin Motor Express Co.,
Seabord Freight Lines,
Inc., and National Freight Lines, Inc. The
Keeshin system, employing 2,300
persons, is considered one of the
largest truck operators in the nation.
'
torney,
'
$448,279
from
2,373,444
completely iequipped aircraft base in the world,
Reagan Stunkel,, Manager, announced on Feb. 4,•
.The innovation was announced during ground breaking ceremonies
for three: new hangars ; which 5 will complete the Lockheed Aircraft
Service's $950,000 expansion program.. .
The five new hangars will total 160,000 square feet of floor
space,
in Federal
sisoo
V;/
..
from
"
.
•;
Facilities of Lockheed
Inc.—Reorganization Petition—
and three of its subsidiaries filed Jan. 31
at Chicago a voluntary petition for reorganization,
Court
ties—
».
1945
hand, and demand
ry. oper.
"
-
of aircraft
company
'
'■
Net
1 Lockheed Aircraft Corp.—To Expand Service Facili-
163,
.
Keeshin Freight Lines,
v ;«
from
Gross
1,475,561
P.,;194:...
654.
share
company in 1945 paid the following dividends on '
common shares then
outstanding: March 15 and June
653.
The
par
,f
recovery
taxes bn income-„___,______
Dr$ip0,Q00j total, $21,389,916.—V. 163,
->
Net
Jl58,5,06
Bank Farmers-Trust-Co., New York, N. Y.r has been ap¬
pointed registrar for the 3V2% cumulative preferred stock.—V, 163, p.
of 20 cents per share
of common stock, par
March 1.-Prior to the
for
j,
railway
$13,895,733 $18,638,662 $18,301,133 $16 421 369
railway_l^__
*7,684,524
7,324,547
7,464,341
7 197 623
$et ry. oper. income™
956,307
• 4,729
1,535,258 '
86o',830
From.-Jan. 1—
The City
dividend
shares
record
■
of
Louisville «fc
$5,844,712 " $5,712,881 $31,926,009 $87,258,821
■
Liqu^" (Carfeenlc
,;V
the
12, 30 cents each; and-Sept.
p.
f
a
the
on
\
$2,200,000;
accounts
payable,
others, $1,069,921; accrued salaries and wages, corporate
etc., $879,132; provision for claims for defective materials and
offerinf
$5,
,,
and awards,
$45,031;'
reserves,/$790,711; capital stock-(par $10), $3,279,760;
surplus, $3,760,209; earned surplus. $6,635,873; capital stock
010,000 shares) held in treasury, donated to
company
for sale fo
$491,473
A: "170,890
519,274
6,039,139
2,047,211
1,726,011
"•*
'
-
163,
v-
(Julius) Kayser.& eo;r-20 Cents on New Stock—
>
y-'
■
—V.
4,055
\ ''
—
•;'Jw
capital
1942
$483,725
65,114
Lerner Steres- Corp.—January Sales Rose
Sales
24,164
210,295
1
miscellaneous
Net
""1943
.
.
;Period End. Jan. 31—
543,874
•_
coptra), $659,805; workmen's compensation claims
3,386,413
1,552,291
453,986
1,120,387
284,349
$442,101
116,323'"
.153,766
73.
p.
6,283.547
expenses
Federal taxes on income,
assets, $91,644; iotal, $21,389,916.9: ;
class. A
%■
$6,626,247"
wage adjustments, $819,473; provision for estimated addi¬
tional Federal taxes dn income for prior
years, $550,000; note payable,
bank,
under
loan
agreement dated
April 30,
1945, $800,000; note
payable,
bank,--for industrial plant facilities,
with
collateral
1 see
$259,045
107,583
k 42,392
3,043,477
-
5,735,352
6,270,837
.307,847
2,128,314
..417,2.79..', 3,361,470
Net
t
1545'
29,
i
and
taxes,
865,725
«
rbihyajr-—--
from *aaway.-v^^
Net^rJr-oper."income^.^
DEC.
:
6,
<
LIABILITIES—Notes
trade
1,873,619
•
>--4^
Gross from
198,959
1
.1945
7
income..*,
oper.
ENDED
facilities,
contra),
refund
December—
fromiraUway^iiri
Net ry.
Oct.
on
plant
(see
laneous
.^v-
64,972
288,421
V
.
Gross -from railway^...*
•
terminated, $881,374; estimated refund of Federal taxes
on
income, net of allowance, $2,540,000; property, plant and
eauipment, at cost or less (after allowance for depreciation of $11,689,174).
$7,303,810; due from the U. S. Government for the construction of
Lehigh & New England^ RK—Earnings^-
..December—■
.
subcontracts
•
73
p.
*
A485.712
Government), $2,063,919; inventories, $4,983,758; excess profits tax
l^fund. bonds, non-intetest bearing, payable. Jan. 1,. 1946, $529,938;
Amount due pursuant to claims filed for Government contracts and
-
agree¬
186,238-: 94.602 ;
4,097,959
2,150,814
V
806,546
Net from rallway^d^.^T.855,631
)4et ry oper. income>>_?^ V; 893,557
• ^Deficit.—V. 163,
p. 72.
%
ASSETS—Cash
employees,
163,
general*
income tax
receivable, trade and
Gross
$352,633
;r
179,142
-
2,951,598
railway
railway—!
-'
oper. income.._ «
From Jan:
.
4,265,006
-
..*85,545.
Deficit.—^V.
and
CONSOLIDATED'' BALANCE
the
-
$326,151
*112,732
income.:.-
152,856
*
PERIOD
j
surplus,;
$35,234
58,605
ry.
1942
;'?
.'
railway
v
-
.1944
$231,470
*422,210
Net
■f
.
Loss transferred to. earned surplus
:
$46,253
71'
$179,958
405,702 r
«
^v^-1943
-
$219,404
^46,618
$216,105
*184,630
.
railway.—
Uet ry. Oper, incqitte-i-
■
1944
.
1945
•
rati^ay---« "
from
356,532
111 1
.
■
employees':retirement plan___!___'.^-._^^.__
before
Balance*
American
2,949,194
2,960,175
1,337,281
"1,284,362
f 378,450 ""
670,998
railway-.i._i_«
oper.
$842,244
/
-1
j
retroactive
from
r
Kansas Oklahoma & Gulf Ry.—Earnings—
V '
ry
''
depreciation.™,
Estimated refund Of Federal
73.
Net
$100,
'\'£f
163, p.
to
/
•'
loss
through
*155,683
^
2,904,424
356,532
'•
notes payable,
on
:^145,46f&
*102,071
$1,126,245
^
returns
and
allowances
of provision for depreciation
exclusive
for
at.
■
Net
; 1943'1942
.
1—r...v
December—
•
cents j>er >
,
V'
f
From Jan. 1—
of
par
*89,820
rnilway_^»_
Gross from'
$1.06 lA * per share on the VW/o
was
also declared, payable
May 1 to holders of record April 17.—V. 163, p. 312.
s
-
cumulative
166,667
'•
1944'
railway__i_f:_ " ' 1,345,527 '
oper.; Jncome—_ "
685,372
Net from
regular distribution
during last
special dividend of 50
each
in
marked
v.
$38,672
Rpo.p/iv,
1,369,997
C*r42,S87'
'
^alance, surplus, Dec. .29, T945,
RR.—•Earnings—
$39,929
$2",829,101
419,992
Cr2,011
',$134,476
Other expense, net of other Income
1
share.
a-
12-WEEK
discounts,
administrative
Interest -
"
Larger Common Divi¬
addition
In
6.
made
share
Co.,
of
sales,
Provision
Lehigh & Hudson River Ry.—Earnings—
;
per
&
3193.
p.
1945
r.
income___
oper.
from
Gross
25
Shields
by
from
Net
106,679-
directors on Feb. 4 declared a quarterly dividend of 35 cents
share on the common stock, no par value, payable March 20-
holders
headed
-
for period
''""j
i''1'
n-
509.020
Consolidada
La
21.34 cents per
net
of
Contribution
covering
of
'
,
(& Subs.)—Earnings—■
'
STATEMENT,
Selling,"
,
This is the first dividend being paid
by La Con-'
accordance with the provisions of the deposit
agree¬
railway
From Jan.
Gross
The
to
the -rate
Dec;f 15; •1945.^V.': 162,
from
Net ry.
dend—
of
at
group
shares.
December—V,',
Net
per
representing
,">95^102;.
$370,642
163, p. 653.
Jewel Tea Co., Inc.—Declares
.■
during
Consolidada;- S;f A;; last: DCcetriber Successfully
Gross
'
;
Cost
the four weeks
with. 2,874 in the corre»"
Lake .Superior: & Ishpeming
$203,962
requirements-
dividends
Common
—V.
$29,020
$29,666
;
Lukens Steel Co.
INCOME
Sales,
16%—r
}S'i\
*)••'
,A.
1
*
31,997^ /i 34,367Cr826
Cr4,365
•
'
"»
$2,053,246
42.500
;
$93,392
preferred stock
to
1
1
$206,978
42,003
v
284
:
836,762
1,720,514
,
registered as of the close of busi¬
dividend checks on Feb. 4
will be mailed
distribution
underwriting
c
$380|452
Br9,$09
8,426
income
1946,
ment'dated
,
$38,092
—
operation
applic.
'f'V
-
f,
'
$2,050,488 ; $2,821,530.
2,758 ';
7,571
"
1
$166,566
1,309,369
808,566
,/Balance,.'; $769,713
—'V. 163, P. 194.
■
cents
pursuant .to-which American-preferred shares
City Bank Farmers Trust Co. is the depository under
135,390;
100,000
$405,657
Dr726
deductions
>A
,
1^45
.
; 1945
$38,273,549 $33,048,423
American, preferred. shares
1,
preferred
183,549 ]
>
109,166
income-
Income—w—
Gross
/
Income
56
26,
solidada, S. A. in
Net
.
of
,
6% .cumulative preferred stock,
La
$1,531,895:
732,502 •
202,452
145,828
•
(net)—
oper.
income
Jan.
dividend
a
•
'
Income
^
1
,
ment
740,339
8,333
,
dividend
number of' stores In
average
Feb.
ness
653.
$1,603,444
65,09422,549
6,428
12,166
,
.
p.
-Net
•
" "
r
,
1945—12 Mos.—1944
$129,656
18,630
•Taxes
Other
163,
semi-annual
holders of
S. A.
are
-
.
.
Service, Ltd.—-Earnings—
Period End. Nov. 30—
f
above.—V.
Corp.
<
-
La Consolidada, S. A.—Initial Dividend
Distribution-
be
to
The
an
See
<*
"
Jacobs Co.—Acquires Certain Prop^ties—
(F. L.)
for
!
states, "the
the year was
1946. was 2,728, compared
sponding period of 1945, a decrease of 5%.—V.163, p/ 194.
offered
adjustments.—V.«
which
■
Bidders
regular
ended
,
preferred shares.
new
report
share
per
"•'
Four Weeks Ended Jan. 26—
■
t
N^Prefeirq^S
outstanding 6 and 7%
dividend
a
in
of
r
Sales
The company will receive until 11 a. m. (CST) Feb. 15 bids for pur¬
chase of 50,000-shares of new cumulative preferred stock to replace
a
43VeP
the
^Kroger Grocery ,& Baking Col.-—Sales Up
received
($100 par) cumulative; preferred stock and to restrict commonstock;
dividends except as. otherwise allowed by the cohsent of two-thirds Of
the
profits,"
value;
'
of
■
realized
asset
pet share has been
declared on the Keystone preferred stock series
"Kl", payable Feb.
15 to holders of record Jan. 31,
Payments in 1945 were as follows"
% Feb: 15, 65 cents; Aug. 15, 59 cents; and Dec.
15, a special of 36 cents!
—V.-163, p. 653. "
I ,
v
•
of
.
net
-
■ -
5
•.
-
:
on
Dividends
by the company is to be'
between $101.25 and $102.75, plus accrued dividends from last Jan. 1.
Company proposes to amend its charter tb authorize 100.000 shares'
a
the
To I'ay $6-Cent Dividend—*
,
In accordance with the program, company intends to make the ex¬
change offer for approximately nine days during the last half of this
month;' The dividend rate of the new preferred stock is not to exceed-
4V*%
in
;
'•
...^.;
mortgage bonds
Other infer-and deducts.<
Int. chgd. to construe.
cumulative'
new
preferred stock.
Shares of the^new issue hot taken in'exchange* will
toe sold at competitive bidding and the proceeds, with
company funds,,
will be used to redeem dn April 1 all the outstanding shares of old
preferred stock hot deposited for eAehange at $105 a share plus ac**
crued
Int.
(-'• £ ^ i
intfome
80,253
'
res. approp.
'''
Gross
1945 net; Asset value per share to include
31,
distribution
special
•total
proved Febi 6 by the Securities and Exchange commission.
Initially the holders of
exchange their shares on
"Adjusting', thd .Dec.
:
Other income (net)j..
,
«
,
2,460,508
Net opef. fevenues.l.r"' $166,56l
total
net
assets
of
$3,461,527 on Dec. 31, 1944 amounting to
$22.72 on the 152,357 shares then outstanding." In
addition, a special
distribution or $4.00 per' share was<• paid from
pet realized profits
<m Dec.JlS, .0.945; .i ;
.r
.X
k
Co.—Financing Plan Approved—
552,037
:
.
Iowa Power & Light
"
1945—12 Mos.—1944
•
$1,188,093 $13,541,925 $13,467,095
588,428
6,525,363
6,778,920
:-> ;189,769
...
taxes
Prop, retire,
doubled
'
taxes
$1,130,620
151,043
71,928
Other
1945.
more
expenses
Federal
Co.—Earnings-*-
1945—Month—1944
revenues
$7,061,964 at the close of the year, squall;
247,011 outstanding shares. This compares
with
k
K.>
•
-
net
Total
>
,
...
evenly' divided between IT. S. Government bonds and
bonds,' amounted to $4,548,305 at the end of'
corporate
equal to $28.23 per share on the 161,115 outstanding shares.
These, figures compare
with net- assets of - $3,030,264 at
the close
of
1944,
amounting; to. $27.86 per -share- on
108,762
shares
then
outstanding. In addition,-a special distribution of 47 cents per shai'e-
open-end
Syndicate,
After
.
quality
1-945;
'
:i'
:
Investors'
Inc.,
Investors
j
781
Sales
The
in
1
1946-;:
$4,923,516
operated 199 stores in January,-1946,
month last year.—V.. 163, p. 654.
v
company,
the same
•
———
—
"V ;"'-?.94'5
.
$4,735,454
as' against
-
202
THE COMMERCIAL & FINANCIAL
782
McLellan
—V.
Sales Up 59.18%—
1 HML* Av i??
Melville Shoe Corp.—January
Month of January*-*
1
;
Sales at retaili-.i___v.——~~—
,
—V.
I
163, p. 314.
Mercantile
**
41946—Month—1945
_194^J2^Mos.—1945
$4,657,965 $74,392,100 $59,668,300.:
Subsidiary—
Refrigerating Co.—Acquires
Transportation Corp.
3 On Nov.
19, last year,, the stockholders approved a plan to merge
with this company the Terminals & Transportation Corp., 94 % of the
^tock
of which
was
already owned.
The ..holders of the reinaining
'4,835x/2 outstanding common shares of $1 par value ware offeredI m
exchange for each share held l'/a shares of Merchants Rerrigerating
Co. no par value common stock.
Non-dividend, non-voting scrip cer¬
tificates were issued in lieu of fractional shares.
To provide for this
its authorized
'from 80,000 shares to 86,500 shares.—V. 162, p. 2275.
the
*
parent
'
31
#
•
Across
1»^25,539
1,330.000
7 Regular amortization
special charge; equivalent
569.
'
Rubber
1,500,524'
Z.
■
'■
St.
/Interest
charged
-Miscellaneous
Net ry.
•
deductions
Net
45,401
-
1944
—
A"*--.'—.
from
190,000.
Mother
in
consolidated
the
rAmerican
Light
of
meturns
income
ai.d
$1,228,230
324,735
that- company.
profits
excess
tax
14,821,908
4,695,942
3,478,557
provisions
for
Federal
by $2,637,000 as
premium, discount and
;year
that
in
and
year,
'recorded
as
income
of
result
a
and
deducting
taxes
of
a
tax
for
equal
an
1,826,537
4,352,702
The
net
income
1,795,224
593,4511
:
era!
above
operation
excess
profits
tax,
mentioned
computed
BALANCE
reduced
which
the
on
bHEET,
ASSETS—
basis
DEC.
of
the
Gross
the
filing
1945
:
•
tr
S.
Government
from
,
1^97,05Q j
charges
.7'7
$14 per. share)?
Net
1,089,893
1.073,280
;§.
'^4%. preferred stock (par value $100 per
premium on preferred :stock__L._^„_«L__:
'First mortgage bands, AVa rfc
Accounts payable
series due
38,752,700
sh.)
4,000,000
100,796
38,OOO.OOO
1969—
:
^
—
t
giscellaneous current liabilities
eferred credits
Reserve for Injuries and
damages-.*.,
Reserves for employees',
provident,—*
*
Miscellaneous-reserves
construction-,—,1,,,
283/87
''''
'
"
"
3,198.887
•'
'
'
■
:
Other
•'
'
.
'
'
.
*
•
■
*
1
.
Operating
Net
'
•
provision
revenues*
J.*,,,,
,—
profit after income
taxes***__*_2,____„___
171,973
Divs.
$1,980,979
Revenue
miles
v.
miles
in
1944 to
1945.
flown
from
Revenue
Due to the larger size Douglas
4he
company
.crease of
i'i? Other
able
was
103%. in
to
2.248.892
passengers
offer
passenger
operating statistics
passenger
Revenue
as
follows:
miles
pound
1945'
a
*~t ' i** UnP^ri
common
"1944
r
hearing Feb.: 11; PnbH"
stock
"•
on
732.000
-A
- v'
in
?
stock
for
■
Dec.
31.
balance
'
'1.883.480
-
:
.
v
sell
but
the
before;
..
in
1945.
same
is
year
force,-
in
after
for
as
1945,
and
only
greater
Operations
in
'
that
because
(hai the
the
total
the
of
,
com¬
as
larger
jI945
resulted in an
the surplus to $94,355,-
surplus, bringing
provision for 1946 dividends.
/
*
totaled $203,390,400,
over
the
1944
the largest volume since
The amount of
insur¬
volume.
sheet
of
as
Dec.
31,
shows
1945,
total
assets
of
$1,-
imrbhk^Oi^ $80,m223if&r ithe 'yeblUO-B/»63| fffSlW";!"*7
' ;
Approved— "A
1
stockholders; at
a
spec'nl meeting held on Feb. 4, approved
of ^reorganization effecting the consolidation of this com*
with the Clinton Co., a Delaware corporation, under the name
Industries, Inc.
the
consolidation,
for listing: on
assets
of
after
the
.
tical
Act
of
consolidation
1933.
Proceeds
indebtedness
bank
of
this
incurred
Aug.
on
and
15,
after
sale
by
registration under
will
be
National
used
to
Candy
the Securities
retire
a
$2,500,000
retirement of Its
in
1945.
A
the
consolidation,: Clinton Industries, Inc., has outstanding
appraisal rights exercised)
630,465 shares of capital' stock :
of $1 par value. Of this total, 578,445 represents
holdings of National
Candy
stockholders,
and
52,020
minority holdings
in
the
Clinton
Co.—v.. 163, p. 315..
v, :
'■ ;■ AAA/ V A 'r A A
-' A;;•
After
•
(if
?
•
.
no
.
.
338.640
Grl66
266,856',:
period——
<
,
$1,389,297
$844,789
Distillers
Products
Corp.—Registers
tional Common Stock— /
266,856
$577,933
December'—; A. ;
■
Net from
Nqt-ry,.
'
■;
1945.
,
Corporation
/
ort
Feb.' 4;
statement covering the
$1,;22,441
A
$231,857'
3,04(1
income—A
oper.
-
.
1943
1944
$141,484
railway*****/
*18,816
;
f28,020
A. M6.432
$184,686 A
:
28.786 A.
/.tv- 8,661
proposed
filed
with
issuance
of
Addi¬
*
the
SEC
379,894
,
A ;
registration "
.a
additional
shares /
of. common stock which the company .proposes to offer for
subscription A
by stockholders at* the rate of one-sixth of a share for each share v
held. Glore, Forgan & Co., and Harriman. Ripley Ac
Co., Inc.,-are named,A
from
Net
from
Net7ry.
^
>
railway—
A
~
*
2,158,641
railway——
:
*44,165
incomeA: /321.609
p.> 74. -• A-A-
the principal underwriters. It Is indicated that the formal offering 4
will
1942 a::.
probably be made in late February or early March at which ,
$175/31 /time the subscription ^rfce will be announced. :•
AA.V
A'A'Aj.-y-";/;
1.711A
-r-
2/75,273?
& 540,776
309.5U8
-
*. »•
;
1.729.7Q8
2,178,125
v,
303 042
'
oper;
131,080
A
■
51,510
34,649
as
A
2.042 i:
j/C'V .<
/ u »
Fi'om Jan, 1-—'
v,
;
portion
,
of. the
/"Used", to retire the
ahd
the
balance
outstanding
this
';*■
rhe
proceeds
outstanding
for
general
capitalization
transaction.
For
will
from
the
sale
? of
the
818/00/0Q of .notes
corporate
consist
purposes,
entirely of
•
stock
payable
The
will
to
common
stock
A-.
year ended
be>
banks
•
Corporation's A
-
^
after
-,?t • v
A
■>
Dec.
31, 1945. net sales amounted to $385,800^/
$11,786/99, equivalent to $5.17. per share
oh the 2.280.275 shares outstanding, after,
provision for federal income ■
A 755
/Deficit.-S-V. 163,
and-
net
excess
Missouri-Kansas-TexasRR.—Earndrigs-—
income
was'
profits* taxes in the amount of $31,939,000.—'V, 163,
p.
656.%
'
December-^-
i H 1945 ,:
Gross from railway.—:
$4,725,580
N°t from railway-/;— -A; 641.579
Net
'
.
that'
said
charges
Clinton Industries, Inc., which will make
the New York Stock Exchange, has total
approximately $15,000,000.
/
/
National Candy Co., which owned 89.8% of the
outstanding stock
of the Clinton Co;,, will continue to operate candy plants in St. Louis
and Chicago as a
division of Clinton Industries, Inc.
The letter's
plant at Clinton, Iowa, is the nation's third largest manufacturer
of products from corn.
The
consolidation
provides
that stock in the
new
corporation
(Clinton
Industries, Inc.)
will be
issued
to
National
Candy stock¬
holders on
a
share-for-share basis in exchange for their
present
holdings.
Minority stockholders in the Clinton Co. will receive 17
shares of Clinton industries, Inc.,
for each of their present, shares,
plus a $6 cash payment for each share converted.
Plans call for sale, through underwriters of7 an additional 100.006
shares of capital stock of Clinton Industries,
Inc., as soon as prac-A
net
and
77.63%
to
all
'nir ,i
With
$2,452,771
-,725,000 '
'
$66,056,
.:
Douglas
1945, to a total of $3,789,752,700.
was the largest for any year since 1930.
31,: 1945", the company's holdings of V. -S. Government
application
;
349.009/
'-€74,423
A 28.637
Crl66
C?390
$266,736
after
the
this
$25,535,0000
preferred stock
6,820
$125,777 1 $1,564,375
31.250
375.000
-
:
Mr.
operations,
force increased $76,366,500 in
pany
of Clinton
751,000.
'
:
2,248.892
company's oroposal
/
plan
a
$2,445,951
$1,550,226
59U
14,149
A..:.,/ »■......... v
Missouri;Arkansas ARyv- ^Earnings—A
.
21,312.458 3
Service Corn.; consisting of -172.393
^approximately-56% of total common stock
■. I
operations,
Katidnai• Candy Co.*~Merger Plan
248,316
27,454,494
Proposed Sale—
<,%,/
,
York—Report—
was
iitq'i
1945—12 Mos.—1944
61,000
28.566 '
-
*
ry.
oper.
-^ j
Gross
..
v
-
Net
from
'
N«t
rv.
railway.—/-
oper.
163,
p.
Income—i460;
2,358,928
1944-
$7,398,835
905,390
2,564,156
/a A:
1942 A.
1943.-
$7,713,668- $6,753,156
668.015- A.
2,176,612
'99,79/ .1,231,745
:-
from'railway—--A
»;v
V-V,
.
income/-
From Jan. 1-—.
on
^
New
■
."$398,340';
$125,187
31,250
'
applicable to pfd.
Gross
..
••
"••
^Middle West Corp.-—Hearing
of
"
of
to
.
I.
$326,162
on mtge. bonds
inter. & deduct.
Gross.froraArailway-*—
in
mlles-_^^ii„_704,730,718 550,627,571
.
j.-.-Tbe .SEC will hold
'
■
44,380.221
•/-
i?
K,
"
Co.
,
3,305,545
74,152
-
;
3.365,554
floWn__r^—, 58,588,305
163, p.-74.'
snares
"/•
factor75.75%
pounds„-ll^---dA.'-««--2AA'b'_A: '2.321.166
Mail and- express
Mail and express
-^v.
to
from
' 95.77% AA- 96.68%
passenger
Passenger-load
1944
of
Dec.
on
The
v
-:V;- ^
P
DC-3 ivpe aircraft placed in service v
seats,-which resulted in an in- V
miles flown,
are
insurance
798,385;0jtl;'.a1n
$960,277 $11,074,776 $10,468,769
506.637 -^ 5,927,389
5,737,250
193,228
2,085.822 /
840.447
74.225,
1 779.339
692,121A
w.
is
scale
r
-
more
Operating efficiency
Revenue, miles
Capacity
in
increased
;
500.
M
108%..
or
v
electric
1945—Month—1.944
A
,
policyholders,
of
The
1945.;:"'
10,
increased
49%".
or
154,488 in 1945.
120,594
$555,966
Balance ——i
-V, 163.: p. 195.
-
\V(
-Ut
y
S
Insurance
dividends
138 976
Earnings^ per share on 339.398 6hares*i^,_„„*
$0;44
$0.36
J. W.- Miller,
President, stated' that the'increase was attributable to
-additional schedules and new route miles.
This was made possible by
additional.aircraft received from the government and.by the
inaugura¬
tion of a new route from Kansas City to New Orleans on Aug.
1945
.
—■
—
$324.9i6
——,
1,246
Net jncome
A'l,: *.
A,'1 V**
.
for
Inter, chgd.-to construe.'
s
$3,216,830
'
to
National
1944
'
800,0QO to $157,900,00OA; In 1945, the company further reduced its
municipal bond holdings, bringing the total down to $175,000, Rail¬
road bond holdings were reduced from $33,450,000 to $7,300,000.
Pre¬
ferred stock holdings Increased from $15,600,000 in 1944 to: $27,600,000
ih 1945A Securities liquidated in 1945 resulted in net galn of $14,378,wA
equal
GrosS income A**i-tA
-1
■
■
1945
-
'
of
On
$876,560/ "$646;656
——
Interest
^Mid-Continent Airlines, Inc.—Earnings, etc.—
lip
were
$945,143,600 and accounted for 52,6%
of total
assets.
During the year, public utility bond * holdings were increased by $11,800,000 to $275,400,000, and industrial bonds; were increased
828,-
1944
T
—m-'
revenues—
income
'
,
^
1
bonds
—i—
-
$198,652,
oper.
Other
l->t
,
\ H/ f./
y!
*
1946
by the company in 1945
1938, and a gain of 6%
397,262
—^aA«A—■
—A
abandonment of steam
Net
.
Life
dividend
ance
1945
15,719
109,137,453 106,483,240
1945 and $333,374 In 1944,-^-Vt 162,
'''•mCalendar years—
657,062
\
$6,098,890
t
'^Total
1
^Wer;reserves,pf;;$345,433 lln
324,732
,
*
Period End. Nov. 30—
1,4921820
2,559,196
:
1,650,656
676.841
366,389
Mississippi Power & Light Co.—Earnings—
471,760
1,497/00
surplus.:
•
367,605
312.184
,
Contributions in aid of
Earned
;56,304
1,764,115
807,718
1,523,941
1,904,507
Operating revenues
$1,030,756
14,916,045
13,372,348
Operating .expenses —553,112
347,000/ / 347,000®
Federal taxes
32,929
333,310
332,126 S
Other taxes —
—
58,799
I8l;942
Prop.- retir. res. approp.
61,000
12.586
1
63,976
-
3.4,047
2,179,785 A
.538,130
219,052
-
reserves ——u*
1942
$155,980
69,194; A.
1,929,715 :
419,033
*
Maintenance
1,419,244
.
4,348,167
473,(!07i
Reserve for depreciation*
1943
,
.
the
at
policyholders and their beneficiaries amounted in 1945
to
$107,078,400,
including dividends.
Of this amount,
about half ,
went to beneficiaries and the other half to living
policyholders; A A ;
War death benefits In
1945 amounted to; $3,107,200 and
reprd-!
sented 6.4% of total death benefits, as compared with 4.5%
in 1944.
From the date of pearl Harbor to Dec. 31, 1945, the Mutual'Life has
paid 2,876 war death claims for $7,753,800. These comprise 4.0% of
total death benefits paid in the same period.
New insurance issued
.
.
393,399
263,844
.Accrued general taxesrU.^-.^.l.„_
Feneral income: and; excess
profits taxes-*—j
Accrued interest
4,000 000
•'
vclume
,710,168
depreciation lor 1944 includes additional
to the reduction in taxes resulting from
generating plants.
Pending settlement of amortization requirements
expected to
be
reached in
194G, provisions for amortization of plant acquisition ad¬
justments have been increased in the years 1945 and 1944 by $1,490,401
' and
$279,630, respectively.
1
/
> ' .
•
«
A,
Provision, for Federal Income and excess profits taxes or provision
in lieu of such taxes for 1945 and 1944 have been reduced $1,430,401
and $279,630, respectiyely, resulting from the amortization of cost of
emergency facilities on an accelerated basis.—V. 163, p. 74.
100,796
38.000,000
27
January, 1946, had 209 stores in operation; as com¬
same month last year.—V.
163, p. 315.
amount
The
the
38.752,700
1,196,929
Customers' deposits
1946
,388,547
$159,631
58,955
31,333
31—
1-
NOTE—The
1,536,960
;
.
jpreferred stock—-
on
Balance
Feb.
on
..
^
1,905,868
...
income 'A-
Dividends,
*.
■
.
[Common stock (par value
paid
be
2,500,000 shares outstanding. ■■
that some 2,000 stockholders
noted
company's
1,000,000 policyholders in
1946 is
$14,834,000,
pared^^ with $14,442,000 in the preceding "year,
He stated
,886,386
AVA-'0.
109,137,453 106,483,240
MLIABILITIES—
will
company
■
——
57,861
1,362.446
*
.......
-
-
depreciation
for
provision, of
__1
Total
this
Secretary,
;
connectioii
in
$40,368,000, as compared with $40,086,000 in 1944.
A
-A~:
•.
Pointing out that loans to policyholders on -their policies declined •
12%, that surrenders decreased 10%, and that lapses were, off
9%, Mr.. Douglas noted that these decreases took place in 1945 despite
the end of
the
war,
reconversion or shutdown of war plants andT
strikes In industry,
v
'He disclosed that the total amount alloted for dividends
to
the
-Earn-
$5,916,696
2,483,533 >; 3,169,749
417,000
597,652
Amortization of plant acquisition adjustments—
1,544,401
333,629
General taxes
665,802
575,143
Federal
Income
taxes——*
62,150
339,386
Interest, oh long-terra debt———A—i—-—275,095
'
277;472
Amortization of premium on debt-—L——
Cr4,301
Cr4,339
Other deductions
:
Cr21,350
Crl8,653
.1,804,688 ;
1,348,443
?
'■
-
railway-—
Operating expenses
/" 41,847
flj72(l,736
^,3.755.000
Aepmed-utility" revenues,^—
Materials and
^supplies1,253,837
Prepayments
1,213,065
of
company's
103rd
year
of
gain to surplus from 1945
Benefits
T944
..
7,354
12 Months Ended Dec.
1944
obllgatiohs^'l^ "11,-1-^4.-IS.250,0(30
7 •-
,
This gain
a
86,412
,«
■eAccountg^.iiecelV'ablq
Deferred
dissolution
liquidating distribution
biggest gain in insurance in force' since' 1930, and the largest
of
new
business since -1939 were reported on Jan. 31, for
by Xewis W; Douglas, President; In issuing the figures! for the
1945
Mississippi Power Co*—Earnings—
93,053/32
r,»*».«VAVfr**—rV'j fl '4,103,0411
Co.—FinaT Liquidating
/,*//_-**_**/,„.$$,319,297- $5,958,622
increase
$174,723
.
/Deficit.—-V. 163, p. 195.
*:k
—-^
-
Gross revenue".
of
94,664,102
7,501
:
income—
1—AA-'■:
frqm railway——
Provision
'V..
1945
N6t ry. operincome
of
amount
819,091
volume
4,246,305
3,129,233
28.469,789
.6,332,022..
2,804,235
—-
-A——
railway—i
$199,830
railwayA_*A-A _' *
645
From Jan.
31
militv -plant
Miscellaneous security investments——
i,u
Heal estate and miscellaneous investments..*.**
CfiSh
railway
from
from.
Net
1,109,265
-A.
Klugesciieid,
,
A:
•
railway.———
Net ry. oper.
/reported 14? not* affected by .'this adjustment',*-f The provision for Fedopal excess profits tax, • computed on
the basis of the filing : of a
separate return, was $3,291,775 for the year 1945, and was $3.230/88
ior the year 1944 before giving effect to deductions resulting from the
refunding
Coalition-Mines
4Va cents per share en the
Mutual
1944 A*
.1945
$2,136,45.8 ; $2 ,069,057
351.099
206,704
112,799
*93,172
'
—A—>
December—
call
:
pared with 207 stores in the
s;:'A.
'
"A-
income
oper.
from
Gross
has been
previously
as
928,694
674,685'.
,
:
From Jan. l—:
Net
the
purposes
amount
,•
758,310
50,744
'
700,
that
for
1,003,099
company.—V. 163, p. 655.
ij * r'?/;"4
blississippi Central RR,-r-Earnings~--
applicable to bonds and notes refunded
expense
special charge
income deduction.
an
profits
excess
852,501
670,338
2,715,9'03 :
62,240
have .failed to inform the company of changes of address and that
about 400 stockholders have unclaimed dividends
pn deposit .with- jthe
be
Had the company -been required to * file
separate Federal income and'excess profits tax returns; - the operating
income would have been reduced to $3,749,322 for 1945 and to $6,726,7243-7or' 1944;;7:77;77u 77.^
net
the
R;. C.
13,552,988
15,250,079
Net ry. oper. income—-A-——.—A—
"Deficit.—V. 163, p. 195.
.
The statement of income for 1944 has been restated by reducing
2,865,049 V
Announced that the final
rate ?of
398,021
1943
.
railway--------.--—-----A------—
.Net' from
of
returns
2,958,143
,$202,837:
466,606
157,127
,
railway-*---——*--
from
Gross
•
1944 was included
affiliated holding company, and
included in the consolidated
Traction Co., an
year 1945 will
&
for: the
income
».che
Federal
Lode
The company in
..,337.964
!
from
Net ry.
£v
2,325,162
2,325,162
*
—_•**—
income, of the company for the" year
juNOTE—The
36,901
2,834/63
income— ?
.
The
December—
Gross
176,667
■:/
41,152
$231,153.
:
*4(486
*9,315 *
Sales
Minneapolis St. Paul & Sault Ste. Marie RR.
$2,711,309
$2,904,986
36,017
I'
" 1942
1943
$193,133
(G.C.) Murphy .Co.—January Sales Rose 6.05%—
$1,223,171
15,573,061
railway
ings—
Cr 15,313
63,463
7m?Before deducting, special charge of: $2,637,000 in 1944: - (see note).
v
1,504,772
Dividend—
1942
$1,279,359
.
°384,362
'"266,553
oper, inqome_*_
^Deficit.—-V. 163, p. 195.
33,895
iUiit71,139
---**
iPreferred dividends
.(Jbmmon dividends :
1,215,284
,
46,403
t
g 269,757
$1,136,229
income.
oper.
from railway*-***-.
Net
A 'f Net income
3.408,403 A 4,068,581
1944
$216,815
Net ry. oper. income*—
"Deficit.—V. 163, p, '74.
Stock—
It is
1945 ;
Net ry.
2,637,000
——-—
,vv
•!
1945
railwayA—
railway.!
Net from? railway*—
From Jan, 1—
Gross
32,789f
construction/A-/-//--* '
to
income
1,238,428
Earnings—
Gross from.
Louis Ry.—Earnings—
■
Net from railway.,
.
,
'3,420,678
railway/**-.,
dividends
\A
2,868,238
From Jan. 1—.
v
from railway--*-
Gross
In
interest /-***_-*//*/*/-/**.■/*
General
71,175
6,937,074
"
196.
A
Net ry. oper.
633,862
,380,886
-j.} 'Federal income and
excess profits taxes
resulting from deduction of costs relating
to redemption of long-term debt (see note)
■
'
from
Net from
Reclaiming Co.—Calls $4
.
December—
1,399,000
Cr21,664
~
reduction
to
e
280,730
6,501,309
Month of January—
-
•
.7
'
163, p..74,
Minneapolish &
$6,874,754'
$4,317,251.
A
6,642,681
1,082,217
income—_
December—
Gross
by Dominick & Dominick,
The sale was completed in
of 18 minutes.—V. 163, p. 466.
$6,854,779
19,975
■—-■*---—.———
long-term
on
5,830,859
railway—A;.—
Montour RR.'•
:: 35,11$
'/vV'^''
1,789,792
672,312
412,936
1,658,490519.679T
226,727
1,698,325
$126,850
55,995
.
the elapsed time
1,321,121
3,619,200
Amort, of debt discount, premium and exp.—
$161,079
' 44,036
8.2,005:
$122,131
'32,085
v
'528
-
<
Minneapolis Honeywell Regulator Co.—Special Offer¬
ing—A special offering of 4,000 shares of common stock
(par ;$3) was made on the New York Stock Exchange
Feb. 5 at 55^4 per share, with a commission of 75
cehjts
1,635,704
-03,421
2,661,451
63,421
2,723,217
income
feftefest
■
*38,828
$510,256
entire' 5,923
The
161, p.
J.021,972
.——$4,312,287
—
4,965
Operating income
Other income (net)
1942
•
$533,694
-A; 146,406
•A." 86,042
130,830
railwayAAiA
oper.
1943
i-
1942
1943
.
1944
J.031/03
inc. and excess prof, takes payable (net)—
from
ry.
1944
$485,038
265,349
; <
279,650 A
{?',
"Deficit.—V, 163, p
,
i.
'^ed.
from
Net
outstanding shares of $4 cumulative preference
stock
have
been
called
for
redemption on March
1', 1945, at $55
per
share, plus accrued., dividends of $1- per share. Payment will
be
made
at
the
St.
Louis
Union
Trust
Co.,
St! Louis,
Mo.—V.
Operating revenue (gas)
vB?
.Gas purchased fqi' resaie__-^«-.j:—*0.642. <"il
Onoration v
41
/:-7,365,063-?.^vv0»4OOiS3d
^Depreciation..-//*.-.—.-..*—--———'—Amort, of utility plant acquisition adjustments
State, local and miscellaneous Federal taxes„_
$ 497,168
From Jan. 1—
with
1945
-
railway^-*-
Mid-West
stock
common
from
/Deficit.—V.
Michigan Consolidated Gas Co.—Annual Report—
Years Ended Dec
.
increased
concern
$121,114
'21,761.
25,743
income^,*
oper.
Net from railway—510,619
Net ry. oper. income—
277,196
&
'
exchange,
-
Ax.
',1945
.
,
railway*A*r*A
Net ryoper., JncqmeA*Gross
;
1944
1945
-
fronv rallway-i**.
Net from
RR.—Earnings—'
■■^FromiJan;?!—
Gross
absorbed its subsidiary
this company has now
is announced'that
Terminals
December—
Gross
days
30
from railway—
from; railway-*.;
Net
;
Merchants
It
v
the'";;
accept
Gross
-
!'•
Monongahela Ry .-—Earnings-
,
con-
of
_
Net. ry.
195.
Lewis,
cash
a
Each
Net
$3,001,700
*
163, p.
of
period
December—
Sales—
for
$215,491.
Monday, February 11, 1946
iigreed
to purchase one-sixth of
the!!'shares from A
in addition the purchasers have agreed, that for
Midland Valley
Co., Inc.—January
Stores
Period End. Jan, 31—
—V.
$2,114,844
$3,366,384
;—-—
aggregating
L.
subsequent to the purchase from Middle West,
the shares of other holders of stock* at the same
price,-—-Vt, 163, p. 195." • ,
i',j
■ ' ' '
■ .
' '
>.
oi*
„
share,
per
Solim
and
West
they will
.
*
Sales
,
$1.25
has
individuals
Middle
a
:
of
sideration
A
163, p. 195.
to
Theodore
U.
1946—12 Mos.—1945
$2,755,10? .$43,493,301 $41,07$,366;-
.$2,796,537
•'
Joseph A. Bear, Harold C. Mayer,
Low, David Finkle and Donald C. Lillis
outstanding)
Co.—January Sales ;Up 1.5%—v
Stores
Period End. Jan. 31—./A 1946—Month—1945
.Sales
CHRONICLE
-/AAA'
83,093,894s
84,022,042
79,024,587
25.959.818 " 25.207,158
A-9.227,193
58,626,219
23.488,146
8,782,443 ; ; 9,469,440
■
18,635 395
10,471,483
National
Linen
Service
Corp.—Preferred
Stock
Of-j
Afered—A
banking syndicate,- headed by Clement A.A
Co., Inc. has sold the unexchanged balance of •
3,681, shares of .4^2% cumulative convertible preferred .
stock (par $100) at $105 per share and dividend.
:y A;
Evans &
.-
.The .companv
ferred
stock
in
offered- 30.000
exchange
for
shares
of
new
outstanding
-4Vicumulative'"'pre¬
$7
cumulative
preferred
Volume
163
Number 4463
•
v
fggg
.
THE COMMERCIAL & FINANCIAL CHRONICLE
,
783
■
and•; $3cumulative
all but
and
The
preferred.
exchange, offer
Policy loans at the close of the year amounted to $166,454,501 on
; %
Northern States Power Co. (Del.)—Weekly Output—
427,944 policies.
The corresponding figures for the end of 1944 were
Electric output of this company for .the week ended Feb. 2, 1946.
j $188,185,417 on 483,338 policies.
>;
Z%4 Reserves against the company's contractual obligations were further /totaled 49,774,000 kwh., as compared with 47,623,000 kwh. for the
corresponding week last year, an increase of 4.5%.•
strengthened at the end of 1945.
Almost three-fourths of these re-
expired, -Jap.. 24
.
shares were so exchanged.
/J/
* .;' *
preferred is redeemable at $108 per share on any dividend
data on 30 days' prior notice;1 At any time prior to redemption (and,
if called for redemption, then at any time on or prior to 12 Noon
(EST). on the fifth day before the day fixed as date of redemption)
3,681
,
// The 4 Va %
'
v
J: each of
the
first
ferred stock may
i:of
the
V
shares of 4Va%' cumulative convertible pre¬
be converted into five shares of common stock; each
shares
10,000
of
the
of
convertible
preferred
stock
on
basis
a
of
Life
:
a
;
the
call
price
of
24,
1946.
and
preferred stock,
-1946.
-This
the
plus
will
be
from Jan."
exchange offer expired Jan,
PURPOSE—Proceeds
•
thereon
applied
sale
of
the
to
of
the
redemption
CAPITALISATION, ( GIVING
TO
cum.
Cum. non-conV.
Common stock
and
of
20,000 shs: '
t750,00Q shs.
such
leases.
As
result
a
1
:
time
to
in
such
and
with
5.0%, under the
shares
30,000
4^%
of
to
intention
no
-
total
with
for
the
year
derived
were
to the
from
4
<
requirements
meeting: the conversion
vertible preferred stock.
AND
COMPANY
serial
made
credit
«
in
the
Virginia,
1928.*
service business.
linen
Carolina,
North
At
present
it
has
26
above
i
plants
*Net
*
adjustment
•
service, not only in the cities where the
and
names
by each underwriter are as
Clement; A; Evans $ Co.,.
.
__U;
25,05.
'
J. H. Hilsman & Co., Inc;
•
Alien
■$
•
fixed
;
while
Tho Robinson-Humphrey
Co,
Johnson, Lane, Space A*
..10.00
_
Sterne; - Agee* At Lcachii
Co.,
6.68
Kirchofer Ar
6.66 *
Arnold, Inc.
Chisholm Si
Varnedoe,
taxes
tax
show
accruals
a
-
r.
2.642.623.
1,655,602
;
v
15,620,161
; 3,596,689
;' The
,
Other
/t*
tf|
?
:
v>
r
'
i-M*?
r
NOTE—The
stores
of
Alcohol
;
,
Bank
-.
$9,781,7974 $7,330,800
operation decreased
Jan. 27, 1945 to 746 at Jan. 26. 1946.—V. 163, P- 656.
from
827
and
—v.
163.
-
stock
ended
13,103,958
Feb.
1,
kwh. This is a
the
reports
decrease of 96,231 kwb.,
electric
y
below
<
«
from
Net ry. oper.
income_—
From Jan. 1—
,
99,130
He
227,719
.48
.11
.10
.08
-
.34
.09
.89
Specui.
2,731,381
1,135.076
tions,
1,690,031
2,545,994
Shs.
i
:;v,j
Director of
Weaver,
Feb.
on
wholly-owned
a
*
was
formerly
In
tlon
the
on
surance
193 102
101st annual statement to policyholders, iSsued for publickr
6, George L. Harrison. President, reported that life in¬
in
force! in the. company on Dec. .31,; 1945 totalled $7,979,3,401,178 policies, the largest amount in the history of
.23
.05
°.0o
1.21
,
■j
; ! 1' ;
•'
:'
Payments to policyholders
and beneficiaries in 1945 aggregated
$192,672,219.
Of this total, $109,476,268 was paid to living policy¬
holders.
Payments to the beneficiaries of those who died, $83,195,951,
were the largest .In the - company's history.
Payments, to the bene?
; fiqiarles of policyholders who died in the Services-amounted to $8,3611400 in 1945, and $19,590,700 since Pearl Harbor. (
Sales of new life insurance in... 1945 amounted to $564,180,100, an
increase of $38,380,300 over 1944.
'
Assets totalled $3,813,504,094 at the end of 1945, reflecting an in¬
crease of $242,765,154 during the year.
The assets exceeded the com*
:
1
5,
the
since
Canton
1942
elected
subsidiary
associated
reserves and other liabilities by $231,013,622, which amount
constitutes the company's surplus funds held for general contingencies.
pany's
Holdings,
of
United
States
Government
obligations
amounted
to
31/1945, which is more than 60% of the as-,
during 1945 was $380,643,935. • o "
1
> r **
sets
Ail
-
The Increase
other bonds and
.
preferred
and
guaranteed
stocks
aggregated
at the end of 1945.
During the year , the company pur¬
$157,653,493 of such securities but, largely, because of a .suband maturities, the holdings decreased
nct amount of $62,484,613 as compared with the end of 1944. %
$857 100,505
chased
% stantinl volume of redemptions
f
a
?
"
estate- amounted'' to $354;34,211 of s.uqh mortgage loans. During the year
made 1,150 new loans of $7,500 or less.'. N:-;Real estate owned by the company-at .the end of 1945 including its
Home Office properties aggregated $22,898,411; which compares with
Holdings
jog 970
of first mortgage loans on real
York,
N.
Y.,
with
of
the
Vice-President
President
Noma
of
the
Electric
Bryant
in
4%
«.
of* deduction *of
**
' *
j
«
-
excess
1944
Ansonia
profits
have
n
provision
the
the
be
SEC
a
new
it
issue
to
corporation
25,000
shares
wholly owned -subsidiary
of- operating • a' strip * cdai
of buying and selling coa.'
-a
purpose
Ohio
Z""
wherein
$750,000, 7,500 share.;
-
Coal
Co.
to
Power
earn
to
Ohio
realize
in
Power
profit
a
the
form
of
approximately
6%
/ir¬
Corp.
Electrical
Mr.
Co..
Weaver
a
subsidiary
announced
as
A.
the
P.
following
Lunt,
who
the
sale
of
been
with
of
per
yy
v?
its
and
subsidiaries.
and
Ohio
which
company,
transactions,
is
to
upon
have
Ohio
Pubic
River* Power, inc.
Co. and Ohio
Power
the
as
continuing
tne
or
of
consummation
loliowing
the
capital
1976_,__
$32,000,000
serially through 1956.
preferred- stock (par $100).________h._
5,500,000
15,633,200
13,190,800
$100)
(par
is proposed
to
be effectuated
upon
the following ternis
,.
to
difference
share
of
and
including
between
the
new
the day preceding the merger date
the company's estimated market value of
preferred stock and the redemption pricfc
-•<
t
,
1
,
•;
,t
The
surviving company proposes to offer to those preferred
who dissent from the proposed merger and /take such
action* as may be required by law to obtain payment of the fair cash'
value of their shares, to pay an amount in cash
equivalent to jthe
redemption price of their shares,/including
dividends accrued/and
unpaid, as and for such fair cash value.
However, the right is
,
if
the
Co.
Power Co.
merge Marion-Reserve
Ohio Public Service Co.
the preferred stock being converted.
reserved
to
due
shares
Ansonia
1945,
CO.. into
related
stock
the
(2)
to
the
applicants-declarants to abandon the proposed merged
%hah: 15%<^o£ : thd; total;outstanding preferred
than Cities Service Power & Light, shall dissent from
the merger as aforesaid.
'
holders /of/more
stock,
-
other
-
(3) The surviving company
is to limit the shares of new -preferred
stock to be outstanding upon consummation of the merger and
,related
'transactions to' not more/than 156.332 shares and, therefore, • .upon
.
!
thermoplastic
the net income of Northwestern from Dec.
1,
the-sale ia consnmmated.y^V;
462, p. 3078/ " v-"
Light
to
Stockholders
;
Vice-President; E. B. Anschutz
plus
old
$105
of
.
,
All of the outstanding preferred stocks
qt Ohio Public Servibe
and Marion-Reserve held by others than Cities Service Power
& Light,
consisting of 183,920 shares of. 7%,, 6 %, 5 & % , 5%- and $5 series, are
to be converted into shares of
4% cumulative preferred stock of the
surviving company on the basis of one share of preferred stock plus
a
cash
adjustment equal to the dividends accrued and unpaid on
was
Utilities Go.—To Sell Subsidiary^
of
/• *
&
proposed
merger
Ansonia
additional
has
purchase
(1)
Co.,
•\Huron,"S.\D.-'?"f
:>r
^
v
The sale would be private and for
investment, with the price $2,300,000
in*
costs
'•
taxes-or
been-reduced $1,360,219
authorized
and ..will
•
Central
the
mortgage, bonds due
The
opera¬
Electrical
Power
and conditions;
;
the
of
The company has asked the Securities and Exchange Commission to
its proposal to sell to Bear, Stearns & Co., New York, 52,150
shares (no par) common stock of
Northwestern Public Service Co;, of
? date
be
will
allow
corporation,
and
Common
stockholders'
..tenders
from
approval
all
of
the
preferred
proposed
stockholders
merger,
of
Ohio
proposes
Public
to
invite
Service
ahd
-
Marion-Reserve,
t
.
*
$2^09*3/285 -
Organize Coal Company—
Marion-Reserve
is
it
cumulative
and
charge
approve
^
than
Cities
Service
Power
&
Light, during : a
to 'sell the shr-
15-day: period so * that - such, stockholders may. offer
viving. company the new preferred stock to be issued to them under
the terms of the proposed merger agreement, at $105 per share plus
dividends accrued. and * .Unpaid.
To the extent that the1 amount/of
preferred
new
v
other
to
of
for
so
156,332
stock
shares
be outstanding shall not have been reduced
dissents from the proposed merger and sales
to
by
preferred stock
redemption by lot
new
as
to
reduce
the
by tenders,
sufficient
a
total
-
the surviving..company will Call
amount ofnew preferred stock*
outstanding
to
the
aforesaid
amount
at
a
redemption price of 105%
plus dividends.
This "special"
price is to be available to the surviving company, for •'a
Pacific Ry.—Earnings—
period of 6Q days after the proposed merger for the purpose of-perv
•' December—1945 "
1944
1943
1942 % /% mitting the reduction of the new preferred stock to 156,332 shares.
Gross from
railway„_-_- $11,561,637 $12,386,734 $16,195,429 $11,910,151 a' The redemption price of the new preferred stock, except as. noted
;'r Not from railway__„__-^, 518,086,009 •
2,377,558 ..' 8,960,716 •; :4,702,28a H above, is to be 110% of the par value thereof during .the first five
Net ry. oper.
4ncome_^_vv>6,941,355%> 1,734,700
years,
during the next five years 107% %and subsequently there4,476,264%y2,508,663
"special"
redemption
Northern
_
_
.
_
.
-
.
;
after 105% of par, together with dividends .accumulated and, unpaid
! ; to date of redemption. However, should the number of shares
railway_U.U 149,244,108 155,978,311 151,531,731 119,310,556
tendered,
railway.• 16,637;852 ^ 48v360,121%'' 69,395,710 >"• 42,081,453 % together with..dissenting shares, aggregate more than enough shares
Net ry. oper.-. Inc6mei/i
r!8,273,700 >-23,378,121
36,423,456
27,463,103 C to make the reduction aforesaid, the surviving company- proposes to
reduce
the aggregate
amount
of the offers to be accepted by lot,
V,';^Deficit.—V: 163; p. 1316.
"
"
/y
q—. -
From Jan. 1— ■■£
;
Gross
Net
T
*
ulso
appointments;
North
t
to
as
!
Power
First
the
as
1916, was elected Treasurer;
and Arthur L. Corbin, of' the law firm of
Gumbart, Corbin, Watrous
and Cooper of New Haven, was elected
Secretary.
*
; ;
The Ansonia Electrical Co. makes
power transmission
'
"
at the end of the-previous year.1%vV-;
-
•
and
1945 and
Co.
.
Debentures
Co.,
chief engineer, was elected
been with the
company since
has
1.3Q7.487
*
•
structure:
1
There were
$35 976 144
income
for
Coal
fixed
so
merger
'
the'company
5
taxes
Ohio
surviving
wire, coaxial
insulating cable, and insulating wire, for the
electrical, electronics, television, power and building industries.—V.
163,
p. 316,
:
,%r :
^
/'
'0%./. ^Z';: %
$2,319,748,756- as of Dec.
•
Sadacca
1943
cable,
-
V
profits taxes by reason
Federal
land owned by Ohio
Power, and
interests of Ohio Power only.
Price of coal sold
r/
River
|
;
Co.
who
The gain in insurance in force during the year, $334,-
489,672/ was the greatest since 1930.
excess
for
on
be
wnerein
extras
since
i
996,076
final; settlement; with regulatory {. commissions of
requirements, expected to be reached in 1946, provisions
Sdrvice\ Co.,
.13
;,19
.03
Electrical
under
the'Company.
preferred stock____%ii_______^^_
Cities-! Set*vice
07"
->h•
.10
?,.
.46
.
.04
:
,
Mr.
,
Feb.
422,728
$3,404,773
Ohio Publie
Service:Co,~-Proposed Merg^tr-T-'
Hearing ttds ; held Feb.; 4* o». application " file(lv with.!
SEC Jay*
vv;y/)7
.07
-
Westinghouse Electric Corp., for 20 years.
Announcement pf his election was made
by Henri Sadacca, President
of Noma Electric Corp., who together with
Mrv Weaver, Charles L.
Pearce and Joseph H. Ward, both Noma
directors, and William A. Mar¬
shall, Noma-,Vice-President,.were elected directors-of Ansonia.;
,
Life Insurance Co.—Annual Statement--
138,510
$3,473,222
capital stock of Central Ohio Coal Co.,
organized ,m Ohio.; /.
the
ft-
v.15'
.19
•^3%:;^:.' .06
.36
r
.18
.22"
.38
tlnciudes
.10
-
.60
§.20
;h:
.05
-
-
•:
proximately $650,000 in
,.
New York
expi—
and
/Co.> will expend ap¬
mining equipment and retain
approximately $100,000 for workingOftpital.-r-V. 162, p. 356.
1 "*'
.19
-v!
.13
; .-05
•
-
Weaver Made President of Ansonia Unit—
1,491.162
1,499,935
<•
prem.
Its proposed investment to Central Ohio Coal Co.
itis, proposed that of the $750,000 cash received^ from
its shares to Ohio
Power,; Central Ohio Coal
>
.10
.19
.31
Berens organization, 101 Park
Ave., New
corporation's corporate public relations counsel.
2,888,322
1. J 85.780
railway.'—
railway
oper.
.13
-
.59-
.09
series-_^__ >Vj
J.
2,730,894
$8,333,461 $10,022,363,2,342,179 ^ 3,324,864
2,379,548 2,869,997
on
.07
.
paid
from
realized
security
SIncludes 5 cents from securities profits.—Vy 163, p. 315.
a
1,969,848
•
operations, which when paid to Ohio
dividends, will allow the latter company to
.08
•
•■'.55 %<' •."%*- .30
-
___
dividend,
also
3,363,864
1,814,018
2,850,030
1,065,600
.
.
Inv,i Fund-_
William
1,555,014
ry,
.08
s
2,328,637
deducting special chgs.__
from
.10
G;
'
1.101.54*1
from
Ne
•-
1944
2,880/183
par)
be
in
&
68,014
income.—
2,143,161
*Deficit%-y. 163, p. 196.
Net
161,
%.■■%/■,
-
company • has filed an
application with
to acquire for a cash consideration of
mine
Baltimore, the Detroit, Tole¬
Ironton RR., Castle Shannon Coal
Corp., the Pittsburgh & West
Virginia Ry., Co., and the Tradesmans National Bank.& Trust Co.Henri Sadacca, President, announces the
appointment of fhe Julius
'
2,973,157
Gross from
is
75,869
32,154
been
Chair¬
$35,590:278 $35,622,017
13,775,245
of-capital stopk (par- $100),
Of OhioPower, formed for
.
Noma Electric Corj>ii--New Director Elected—
1942'
"66,079
has
elected
1945
.
such
Central
Benjamin F.' Pepper has been elected a director to fill the vacancy
created by the resignation of William L,
Schwartz,
Mr. Pepper is JPresident of the Pennroad
Corporation and Triumph
Industries, Inc., and Chairman of the board of TACA
Airways, S. A.
$224,030
230,289
Net from railway__
1943
$232,071
to
.
*
.06
.10
bonds
.
,10
,v;.
do
1944
1938,
been
committee.—V.
$2,477,145
of
(SluO
will
.07
-
equipment
Diversified
-
$231,401
since
has
—
on
Federal
.05
...07
.06
Diversified
profits.
1945
$189,756
71,453
railway.—,
who
the execptive
of plant acquisition adjustments have been
increase* l
the *years 1945: and 1944 ,by.$1,360,219 «*and
/$1,154,019; /respectively.
.11
.38
Tobacco
New York Connecting RR.- -Earnings—
December—
Gross
King,
proposes
.06
:
■
■'* ;10
.40
.04
Govt,
.06 £
'*• .05
-
.08
Steel
-
Associatiuiv-Weekly Output—
•
income
The
,
I .20
.04
.07
Railroad
,
iihis Association reports number of Jtllowatfe hours available for the
week ended Feb. 2. 1946. as 63,003,415. compared with 67,389,863 for
the week ended. Feb. 2, 1946; as 63,003,415, compared ■ with 67,389,863,
for the week Feb. 3, 1945, a decrease of 6.51%.
" ?■(*
The comparable figure for the week ended Jan. 26, 1946 was 63,299,589, a decrease of 5.62% under the corresponding week last year.—
„
K.
and of
Co.—Earnings—
long-term debt
of, debt disct.,
on
lieu
.07
.05
'
•Initial
V, 163. P. 656.
Hamil-
?jx •'
*
,,
Halifax,
Vancouver
„
^.10
-
Railroad
production of 13,200,189 kwh., for the corresponding week a year ago.
Gas output for the Feb. 1, week is reported at 171,714,000 cu. ft., a
decrease of 10,537,000 cu., ft., or 5.78% below production of 182,251,000
cu. fL, irv the comsptmding yveek a year Ago.-^-V; 163, p. 656i ^
New EnBTtand Power
571.
Vice-President
Executive
succeeding C.
: Ohio' Power Co.—To
$0.20
.11
-
<
.41
Public- utilityv-_i.^——
output
or. 0.73#,
p.
of
Toronto,
$1,154,019, respectively, resulting from the amortization of
cost-of
e|nergency; facilities on an accelerated basis.—y. 162, p. 3196.
" •>
.5-25-45
.
.06
-
.75
Oil
Association^Gutputf*
Association
Cities
Eamonton,
Amortization of debt discount; premium and
expense includes special
charges in the years 1945 and 1944 of $2,027,664 and
$2,542,064, re¬
spectively, equivalent to net reduction in Federal and* State 'income
p
,
>
equipment
Machinery
.Merchandising
;Z\,Z
.% -
week
the
For
196.
p.
the
amortization
in
and
.10
-
.09
...
.04
.07
"
Insurance stock
$2,292,234
.77
.07
' %
equipment
Chemical
1945
$2,383,581
in;
Calgary,
/curred in*,refunding1 of securities.
\
.
$0.17
,19.35
Metals
England GasA:Electric
New
of
-_-u—-
'
.NOTE—-Pending
for
always
S-25-45'
$0.42
>
.06
.08
Electrical
Month of January—1'' 1946-
.
not
is
^tIls2G-45
.06
•
;
Building supply
at
Inc.—January Sales Rose 3.98%—
Net -sales
it
• reaaona
$0.04
distillery-
Food;
Neisncr Brothers,
Draffan,
amortization
;
foliowing dividends- on" the- special
2-25-46
i
Aviation
*Jan. 26, '46 tJan,27/45
in
161,
board of directors
Provisions
Agricultural
Business
number
Canada
Balance
psssi&ls*
Automobile
«t24" days.
days.
<-23
-i
i
...I.-
Sales
v
ast
%. IndustrialrSeriea-^
_
Period Ended-—
Re-
'ZV;;
■
expenses -14,679,765
Dividends
the present capital'structure'1»ui: excluding
leases.
Net income includes accrued and unpaid
payahle Fcb.'25 to holders of record. Feb.! 5
(see first column ^below—with three previous payments shown as com¬
parison): »
... ;
v
; --JvV.
.
'
-r
Current Sales" 33.43%
—
of
Rcgina,
Canada.~V.
deductions
Net
14,071,121
Old
on
direotdrs have -declared "the
;
National Tea -Co* Chicago
Bank
Amortization
■
stock of -this" corporation,
'
Higher?-'
ap¬
26.206,890
New Yorki Stocks, Inc.—Distributions^;
..
'
^"'Z-
and
1.66"
>->-
Ltd.—Partial
taxes.
Interesfc
14,981,108 175,196,985 182,394,331
848,920
10;552,809 20,146,318'
•
in
1.66
•
Royal
Gross income before
Inc.—3.33
Allen C. Ewing & Co...—
Co.,
Federal income taxes_%__/__;_i1i.____________^_;_
Federal excess profits tax_________-__________
*
St. Denis J. Viliere & Co.
<
L.
the
General
possible ta arrange companies in exact alphabetical
order.
However, they are always as near alphabeticsd
'-position
-
< *•♦-
•",*.<>
-
v
Power
&
Provision for depreciation___.___i.___
:
3,377,964
/Amortization of plant acquisition adjustments.*, % 2,020,218
*
; !•/
;
; 6.66
Co., Inc._/~
See also V,' 163, p. 656,
•;t'
-
of
Operating
NOTE—December and the year 1945 include
abnormal.charges due to
shortened amortization period for defense facilities.—V.
163, p. 65,6. "
Mllhous, Martin Je
•
V
McKnight, Ine.w^—.''3.33'
Weil «te Company.!—-.3.33
10.00
Hi. S. Dickson Ac Co., Ine^
was
1945—12 Mos.—1944
;
i1«.515,010>,
»i-.* «. .1:7,509,865
,
estate
5.00#
3.33;
•
Ac CO<^«»;
The
Ohio Edison
'■■$.
-NOTE—Fvr mechanical
Courts & Co—/—3.33
Light
12 Months Ended Dec. 31—r
Gross revenue
„
adjustment.
income—
:
-
-
Norris & Hirshberg, Inc.
'
10.00
•
plan
■:
percentages bf stofckto bepur-
follows;
The
657.
called
for
redemption
on
March
1, (1946,
out
monies, $92,000 of 4% first mortgage sinking fund
March 1,
1957/ at
103
and, interest.. Payment will
be
Victoria,
man
'
I UNDER WRITERS—-The1
163, p.
been
•% elected President,
ac¬
Colony and Bo?ton and Providence properties;
also
accrued and unpaid charges against said
properties for Boston
'germinal Co; taxes and bond Interests tDeficit.
< - ♦
•
;
(; -v
are
chased
has
Ohio Brass Co.—New President Elected—
After fixed charges; on
real
com-
facilities,
same
13.729,871
Incomo--.*: t7,055;090
for
rents under-rejected
located; but, also along well-established routes in portions
of each of the States mentioned. • ■
<•
'*
;
charges
-
located in
Florida, Alabama,
.
pany operates its linen supply
it
.to en¬
fund
at
George
of
increase
an
debit
1945—Month—1344
revenue.—
Net ry. oper.
Income avail,
plants,
South Carolina, Georgia,
Kentucky.
From plants in these States
Tennessee, Louisiana and
?
defense
$8,799,732, due to the
Total- oper.
in Delaincorporated the
Duration perpetual.
When
company acquired by purchase the laundry plants, property and other
assets of a number of companies which had been engaged in the linen
service business.
Since organization, company has constantly engaged
21.
Aug.
of
for
-
incorporated
•
ware
period
•
.
was
that
Minnesota
of
Minneapolis.
1945.—V.
shortened
amortization
aside for the purpose of
the 4Va% cumulative con¬
of
hearing in
a
Kitchener,; j,Winnipeg,
and
revenues amounted
to
$13,729,871, a decrease of $1,251,237, or 8.4%, under December, 1944,
freight decreasing $1,539,651 and passenger increasing $223,666.
Operating expenses for the month were $28,606,426, an increase of
$17,948,904, due to inclusion of the adjustment covering the shortened
•.
set
BUSINESS—Company
announced
Court
13.5
was
Period End. Dec. 31—
are
has
District
S.
Charlottetown, Saint John, Quebec, Montreal, Ottawa,
..:ton,
miU*' '
•
4
have
sinking
pas¬
large amount of
%
$142,224,846,
1
Scotia
■/bonds <due
a
1944, freight decreasing
increasing *$761,634.
For
the first
time,
revenues
Commission
U.
•
-
stock
Nova
•
of
amortization period.
The operating ratio of
points more than for the year 1944.
Railway tax accruals' were $7,770,273, *a 'decrease -under *1944 of
$16,488,040,.; due to. decreased taxable net income. and the related
credit from
the shortened amortization period
adjustment.
v For
.the month of' December, 1945, gross'
82-1
(iony. pref. stock.
The company*; has
these shares or any part thereof at the.
cum,;
dispose., of
present time.
1120,000 shares of common
of
There
year
for the year were
13.6%, due mainly to the
or
the
of
count
designation and dividend rights as may be determined by the board
of-directors; provided, .however, that in all preferences,- rights and
provisions (excepting as to conversion rights and dividend rates) these
shares
will be similar
to, and of equal rank and dignity with the
«•
the
demption—Z'-%•;;%./%':
ol'
,
time
from
with
carry out terms of a plan calling for liquidation and'disso¬
the Northern States
Power
Co. of Del.
Judge Gunnar H.
RR.—Earnings—r
equipment and facilities,
expenses
$17,018,960,
series
or
passenger
the
Operating
-
^Issuable
application
and
lution
of
•
Outstanding
30,000 shs.
Securities and Exchange
an
Nordbye set Feb. 26 for
'
-
rejected
and allied services due piimarily
movements over the line.
-/'•••"V
tary
30,000 shs.
*None
464,013 shs,
pfd. stk. (par $100)
pfd. stk. (par $100)__
(par. $l)______________
conv,
under
senger
•:
FINANCING
THIS
Authorized
,4Mj%
.
.
%v
EFFECT
rents
proclamation
$9,197,316,
50%
over
outstanding
] cumulative preferred stock;; not "
'
of
$9,752,318
stock
$5
preferred
presently
all
-
excluding
but
President's
crease
convertible
new
and dividends are paid to policyholders only.
representing the unamortized value of
to Jan. 24,
1946,
The
filed
force
f resultant Federal income tax' credit "of $11,466,504.
^v>Gross' revenues for Uie year" 1945 amounted to: $t73,196;985^!w de*' ^
24.
of
; cumulative preferred ' stock and; $7
exchanged for new preferred stock.
1,
% SEC Seeks Court Order—
;
:
Sept; 29, 1945, ending the period of
the emergency for the amortization of defense facilities, the
company
charged to operating expenses in December, 1945, account $18,234,990,
$105,
dividends
rate
income
net
the
preferred stock, plus dividends thereon -to
the offering price of the new convertible
old
(2)
interest
"The
S. Palmer, Trustee and President, reports for the year 1945
of $3,596,689 after fixed charges on the present
capital
structure,
preferred stock (whether $5 cumulative preferred or $7
preferred) for one shave of the nev; convertible preferred
plus a cpsh payment equal to the difference between (1) $105,-
stock,
•
mutual company
a
%■ Howard
old
Jan.
-
•
is
New York New Haven ,& Hartford
cumulative
-
lower interest.:
or
proved by the SEC in April,
share
one
2%%
Harrison
steps
—V,. 162,. p. 2821,
,
„
OFFER—Corporation offered to holders of $7 cumu¬
lative preferred stock and $5 cumulative preferred stock the oppor¬
tunity to exchangb their shares of old preferred stock for-shares of
cumulative
computed at
,
EXCHANGE
4Vi%
were
said, "reflect the company's proto meet the realities of the low yields
jv currently available from the highest quality of investments."
r
Dividends payable in 1946 amount to $38,895,341. :;The New York
4'/af -i cumulative convertible preferred
stock may be converted
into four shares of the common stock and
eaoh of the last
10,000 shares of 4,/a%r cumulative-convertible pre¬
ferred stock may be converted into three shares of the common stock,
Transfer Agent—-First National Bank pf Atlanta, Atlanta 2, Ga,„.
next
serves-
y assumptions,'! President
} gram of taking positive
10,000
ft
from
from
„
presently
The
is
Service
Public
to
-X,.
..
•
..
1
.
.1 *
i
t
continue
owned in fee at Eliot, .Calif.;'approximately
during plant on property
force to
•
peak of $2,213,442,225, The total assets represented a
net gain during the year of $67,870,540.
t
•
v.
sr*'
Exceeding all earlier company records, life insurance in force reached
a
new peak
of $2,213,442,225, representing a gain of $72*403,924 over
new
a
the construction of a; new aggregates producing plant on ; 1
be owned in fee by the company to replace the plant ;■/
X at- Riverrock, Calif:; approximately •' $150,000 for the construction of
the 1944 figixre.
Wartime prosperity also reduced the first-year lapse
additional aggregates bunkers, concrete batching units and buildiiig
rate to an all-time low.
New business, paid for in 1945—exclusive of
■!*■ material warehouses. on property owned in fee at 92nd Avenue and
San Leandro Boulevard, Oakland, Calif.;
approximately $150,000 for | annuities—totaled $144,325,620.
This represents a new business gain
*■ the construction and
acquisition of warehouses and warehouse hap- si¬ pf $9,182,651.-a ' :
Net income was $21,082,745—the highest net income in the comdling equipment and replacement of present aggregates bunkers and
pany's history.
railroad track, all on leased land at Sacramento, Calif.;- the balance
Of this amount, $10,400,000 was earmarked for 1946
dividend payments to policyholders.
of
In spite of the-current low interapproximately $120,000 of the uet proceeds for additions and
est yields obtainable on high-grade securities, the net rate of interest
replacements on leased land at the'Pair Oaks plant.
yp
t
$300 000 for
-
_
*
common stock; of Ohio
to.be common stock of the surviving
outstanding
and
Issued
Monday, February' 11,1946
;
V/ -/V
V,
•
.
for the acquisition by others* of* such'excess X
or, at its option, arrange
stock so tendered1.
'
(4)
•.
.
'
\
THE COMMERCIAL & FINANCIAL CHRONICLE
ft
784
•
property
to
'
<
!
Cities
(5)
Light ' proposes to surrender its entire
Public Service (2,083 shares) in
shares of common- stock of the
and in addition proposes to purchase for So.OOO.OOO
Service Power «to
,
'holdings of preferred stock of Ohio
exchange for a similar number of
'
■
surviving company
«
stock of the surviving,
of additionai common
-cash- 50,000 -shares
in
4
>
-
(6*)
The-common stocks of Marion-Reserve and °^1P^p^^ver1.-I>iHVei
(owned by-Ohio Public Service) "are. to' be cancelled and retired.
Co.
.
Stockholders'
(7)
constituent
each
of
meetings
are Jto
company
»
^
•
.
the
for
purpose
consideration specifically designated therein.with the transactions herein. Ohio
L
4
■•>v
x
*
-
...
—
Rate
\
Rock
Co.
-
'
'
'
'
i
.»
2%%' promissory
a
of
and
Bonds
,7 151,994
i930
the
at
end
the
of
policyholder.
per
the
and sub¬
sequently went into reorganization.
The court entered a final decree
in the reorganization proceedings 0x1 March 23, 1936. '<■'
* ' ; )
Effective Jan. l, 1938, the company leased the rock, sand and gravel
properties of Sonora Products Co. and commenced operating them.
+
In71938; the company acquired a half interest in Grant-Pacific Rock
Co.
which commenced operating properties at Lindsay, Piedra and
Rockfield and-distributing plants at Fresno and;$elma,f;ftlli im Call«4foiwiia, which properties and plants were leased to Grant-Pacific Co.
by Pacific Coast Aggregates, Inc. and Grant«3ervice Rock Co. Cons.
?
During
1939, operations formerly
conducted by the subsidiaries
not pay bond interest due
Jan.
1932.
1,
v
.
1847
Transit Concrete Ltd.
and Golden
Gate-Atlas Materials Co.
were
than
more
$5,668,344
$1,550,000,000.
on
shares of common stock of the surviving
indicated, with Chase National Bank
pledge the 52,083
as
.
of the loan agreement dated
in accordancewlth the terms
of
a
'5
141,178
120,177.
>u
258,333
2,499,028
Oklahoma Gas & Electric
•
:
r
X.NefcVoper.
"
"-77
-■
i
77''
;
9 Mos. End.
-
such
'
s
Sales revenue
Cost
Co.—Plan Filed With SEC—
«
of
(net)
Selling &
7
1943
•
" 719427
4
$6,081,540
$6,029,481
3,493,088
4,850,196
4,825,047
gen. expenses
405,388
«*.U
$385,944
$761,802
Income
59,609
67,048
credits
(net)
$445,553;
:
Depreciation1
27,527
for Fed.
Prov.
taxes
$828,850
231,078
38,814
175,121
■
Depletiqn
ft
$828,584
income
$1,683,807
40,391
—i„
89,099
220,896
ft
219,703
463,529
ry.
Part of
the
stock,
common
$5,
par
and ait extra of 5
/qhX
-
.
*
.
-■
The
v,
;
-
'Deficit.—V.
Outboard, Marine
&
Manufacturing Co,
-
-
.
it
(& Sub.)—*
V 3 Months Ended Dec. 31—
Net profit from operations—^.—
$186,100
.Other income.-r .28,519
$1,979,522
7.43,952
sales
■
sale, of
Lines,
/X
,
Inc.—Plants
market
no
preferred
than
more
the
issue
that
old $3.50
:
and
Prov.
expenses
-•
■■
18,862,296
7,999,684
retirement™
for
-
ft"
-
■
.
.
•
.
three changes in officers at their
Jan. 29.
The newly elected officers are as follows:
Chairman of the Board; Ralph Teetor, President; and
held
directors
made
will
needed
be
for
figure.
There
convertible
a
the
remains
''-v-'i
to
continue
in
Officers
in
their
and Leslie. Davis,
sales
present
official
effective
becomes
.X !
Donald
Secretary
capacities.
April
1,
1946.—V.
157,
:
■-
Pfeiffer Brewing Co.—25-Cent Distribution—
The directors on
25
be
to
Feb.
cents per share
29
i
holders
April 2, Aug.
preferred stock.—
*'-.VX
change
charge of
^&,,507.''
of
announced the declaration of
1
the
on
record
and Dec.
14
1,
value, capital stock,
par
no
March
12.
A
like
amount
last year.—V.
163,
of
disbursed
231,
p.
dividend
a
payable Maroh
was
on
•
1
■-
Philadelphia & Chester Valley RR.—Bonds Called—*
v
See
r,
,.-1944
1943 '
1942 ,
$64,759,918 $63,944,017 $57,008,947 $54,008,363
29,671,618
29,785,702
28,*078,666
26,606,973
Taxes
.
of
Treasurer
.The
Commission,
ig45
revenue—
oper.
Operating
..
at
shares of
.Calendar Yeafs-^'' '
Gross
^ftft:-'';5;.'
■
Vice-President in
Teetor,
Pacific Lighting Corp. '<
&"Subs.)---Eaynings—
■
71,457
,
4%
new
a
2187..
p.
163, p. 658.
Macy Teetor, Vice-President in charge of engineering,
ft 1
Daniel Teetor, Vice-President in charge of manufacturing;
Purchase
to
redeeming the old stock.
• "
•
asks authority to use the: remaining $3,347,000 to
portion of the mew preferred stock at 103 \k or to buy
the
board
meeting
Npvf Preferred Stock>t 103 %-r-
a
162,
X
1944 $8,073,068
6,022,089
1945
-$4,187,025
selling, gen. & adm,'; expenses—
3,940,629
Depreciation and amortization^—«
60,290
in
.
:
Costs shipping,
Net
r' '
.
Greyhound
redeemed 27,729
V.
x':
-
207,507
The
company
redeem
from
Lothair Teetor,
i4*
the
■
273,697,167 316,262,444 284,333,890
108,972,066 127,546,411 145,278,344
original purpose of
'7 ' 7;;;X,7.;' j;i ■ 7
X.7
166,717
The corporation, in a report to the interstate Commerce
from
22.
-hfri1"fl'.
*&*'}>•
?.)■:
1,010,015,912 979.773,155 838.474.623
$545,380
that,; because of .the
exercise
of
conversion
privileges
by
vpreferredsst6ckholdersf bnly $1,525,000 of tQtal proceeds of 84,872,000
In eaph
regular dividend of 10 cents
to holders of record Jan.
1945, the company paid a
centq,—V., 160, p, 2407.
quarter during
X
■
$328,729
states
corporation on." Jan. 31! paid 'a-,dividend of 20 .cents 'per share
1944
1943
1942.*
$78,097,965 $83,985,723 $72,725,442
17,625,002 .25x136,947
22,948,648
7,397,918
9,075,801
14,295,332
^Perfect,Circle "Co^(^unge*4iI;:I)ffice!fs^-pX'X
166,713
,
*9,437,898
XftXv/D
,75,000
$288,062Pi
.
83,356
_T
f- V.
incoxne,
oper.
Jan. 1—
from
,
railway— 936,453,411
Net
162, p. 3196.
'-f''
t
on
$153,806
Pacific
Oswego Falls Corp.—Dividend Increased—
The
profit
Dividends
—V.
.
1945
railway—. $64,300,576
railway.™ ♦39,048,146
from
from
.
Net
■
-T.
50,000;
.
.
railway— 152,505,980
Net ry. oper. income87,180,539
45,748
.
v
$802*029
December—
Gross
on
contingencies
;
^:PennsyIvahla*>
>". From
*
;
3,837,992
$1,454,240
Cr2;385
.
-—
Balance
Net
265,275
,
-
3,283.700
1,282,500
1,144,271
Cr9,705
Gross
$1,394,932
239,761
5.413,238
$5,521,879
3,837,992
-t
171,522
>
X 1,237,875
131,213
Cr20,892
income™
Net
Total income
privilege is to be limited to holders of the first 112,500
i "shares'-of $7 preferred stock deposited.
* ; '
'
,i, 1;
CThe 33,978 shares of $7 stock not exchanged are to be paid off at
the redemption price of $125 a share, plus accrued dividends.
v
Company expects to obtain all or most of the $4,247,250 cash needed
for the partial preferred stock redemption by selling an additional
140,000 shares of Its common stock. * *
7;'
7'' -''
<7 ' v
This it plans to do
at competitive bidding when Standard Gas &
Electric Co., its parent, sells the entire present outstanding Oklahoma
Gas & Electric common shales which it now owns.
:;'"Tn lieu of selling these additional common shares/Oklahoma may
negotiate a $4,200,000 bank loan which the management believes it
could arrange so that the average interest paid on all its bank loans
would be about 2%.—-V. 163,_p. 467,'
' - *
V'/
M'
3,230,685
106,875
$5,292,232
.
.
$1,223,410
"present shares on-a
4%-preferred, which will be exchanged for
^The^exchange
273,642
67,500
143,775
..
i-V. 163, p. 317.
$6,103,075
4,444,762
87,354
*232,800'
-
bonds—
Cr685
....
469,542 Vv-,) 463;2Q4
■
>77
1,584,619
'>
——
$1,057,610 $15,050,023 $11,150,828
6.240 r4
103,11571;?8t
2,224
i
!.
$552,805
Divk. applic .to pfd. stocks for the period-™—
•
$741,230
deben.
on
Net
.
Balance
1,672,439
'iV
7$1*243;419; $1,063,850 $15,153,138 $11,222,615
Other int. and deducts.
Int. chgd. to construct.
»-■'■•'^■CalendarYeSrf>7--.*f.->-—
$4,284,420
salM^^sriStsSai#
Gross 7income7-«i-^4
Int.
144,080
j
Int^ an 4ntge. bonds,-^-'
STATEMENT
1944 '
1,434,048
3X1.667-4i7"2^150,333v2,714i l6t
$1,241,198
revenues^*
Other ineoma
<
0,000 shs.
■
COMPARATIVE INCOME
Thexompany has; filed "wipv the SEp ft plan^ to: refutfd its .outetendiing 146,478 shares of $7 preferred 'stock. :
f
:, >*
Under the plan, the company will issue 675,000 shares of new ($20
par)
8f
146;604
-'*
Property retirement re7serve
appropriation-Amort, of electric plant,
acquisition adjusts—
9,000 shs.
Scihwabacher
claims
.1945—12 Mos.—1944 /
$4,350,007 $51;,756,890 $50,862,178
2,260,097
27,424,060
26,886*656
574,029
3,110,807
• 7,438,088
$4,403,967
Other tax.es„„„_
,
Blyth &
casualty
war
230.
p.
"
.
5, 1944
To raise such funds as may be necessary through
short term or temporary bank loan to consummate
over-all
163,
71945—Month—1944
Federal
com-
selling
pf
average
governments,
x"
Period End. Nov.90—
" vx7,XUs'"UNDERWRITERS—:Th© number of shares severally to be underwrit-
.
the medium
its proposal
to purchase 50,000 shares of additional common stock of the surviving
company in the event It will not have available all of the $5,000,000
required for such* acquisitipn,-—Yv* 163, p. 196,
.
,
,
;
(2)
and
.
.
notes of Power
custodian, as security for the bank loan
others
by
transporting, distributing and
materials at wholesale and retail.
-X :.v 7-1 XrX 77^-"
to be acquired as above
and Light
Jan.
factured
an
in
Pennsylvania Power & Eiffht Co.-r-Earnings—
'
^
mentioned -above
The
1685 lives.—V.
v
To
and
,
Operating reven«es7^-,
Operating expanses——
*
(l)
assets
investments
X
,
-
-
company,
of
to
.
rained ^ithr-hiose-of-jtbe .-compapy77x XXXXXXT. •■.
,.
to
totaled
redeem a 4%
New York,
addition
corporate
company's
•
t
.
-
.
year—42%
In
security -purchases of $76,886,000 now a,re
'.
helping in the expansion of peacetime industry and postwar employ7 imeht. XAlsd.7$29,000,000 T.'wasJT^vestedS'idXmoftgageXloans^XThe^neb
increase fpr the year in securities and mortgages amounted to $83,7 000,000.,
*
.
iV
'
7 7There were 638,763 policies in force at the close of 1945.
The si?e
of the average new policy rose to $4405 compared with $4127 in 1944
7and $3037-ten';years- agoX,77X7*v77;'-7
^
-■
•
i i During 1945,' $56,072,172 was paid to
policyholders and beneficiaries,
bringing Penn Mutual payments since the company was founded in
./
'
1
available
.
.
..
sales
mortgage
a total of $167,040*000 invested in
during ;1945, an. amount* far ;exceeding' the total premium
income, a For every, premium dollar reoeived for - new- insurance and
7 annuity contracts during, wartime, the company- invested- $10 in U. S.
'7 War -Bonds, x Holdings in U. 6. Government securities totaled $424,-
War
c
'
■
and
$273,000,000
securities
its share in the war effort with
,<
'
42) To
maturities
of investments, the Penri
during the year for
lodhs; which represents well
million dollars for each - working day. - Penn Mutual shouldered
in
,
The" company did
•
notes,^ 762,^000
.v.
Thft;«ompany7Js^engaged; principally in three main? activlhes: (i)
secured promissory note or Ohio River Power
mining or excavating xock, sand and gravel from properties owned
Co. payable in monthly installments with final maturity May 29, 1957.:
or
leased/crushing and screening this material into - various sizes,
At Oct. 31, 1945, the unpaid balance due on said note was $6,922,966.
7 in .some", cdses washing or washing and drying it, storing, transporting
v,:, (3) To pay interest overlap, retire publicly-held preferred stock, to
and distributing this material and selling it at wholesale and retail;
make cash adjustments on conversion of shares of preferred stock
j (2t preparing ready-mix concrete from aggregates produced by the
and pay expenses,
The balance of the net proceeds is to be added to
company and purchased cement; transporting, distributing and selling
tho treasury fiinds of "the surviving company,
"
;■*
J
ready-mix concrete at wholesale and retail; and (3) purchasing and
Cities Service Power & Light proposes; in addition to the transactions
warehousing building. materials, of various sorts fabricated or manu¬
7
over
■,
AND
'
Amt. of
j
15,000 shs.
b 555,924 shs.
,
,
.
California
redemptions,
had a total
7 investment
.
$1,228,250
6,400
'
" 7,620
*
($5 par)-,-r—
stantial
•Mutual
X-X; 15,000 shs.
1,500,000 shs.
par)—
'
,
,
.
Premium
■
; ava'/c
2%
.
r
.
,
..a
Premium
-Principal
i Outstanding
:y-.:yb Authorized
1
'
x
convert-
stock,
.
bonds due 1976, and
•
>
(2) $5 500,000 of debentures due 1956. ' The sales prices and the
interest rates are to be determined by competitive bidding.'
The surviving company proposes to use the net proceeds from the
sale Of the 50,000 shares of common stock to Cities Service Power
&& Light end from the sale, of its bonds and debentures as follows;)
(1) to redeem the securities of Ohio Public Service for the con¬
sideration specifically designated therein together with interest accrued
to the respective redemption, dates which were outstanding at October
,»;■ 31, 1945, in the following principal amounts:
t
.-.ftarned by? the -company -was 3;12%H *X
>.-*•>>:/,'> x
7X:A8:ft7result7©f« the; company's 7increa6ed6bui5ine8Spaa7weUAftsisUb«»
.
'
first mortgage
?•'" Xv
1st mtge. bonds, 4% series, due 1962 $28,900,000
"*■•■5%
serial notes, due T947_i--_—
320,000
PRESENT • FINANCING
TO
BUSINESS—Company was incorporated in CaliforniaoNov.-30.1928, as Pacific Aggregates, Inc.
The name, was changed
7 April 15, 1929, to Pacific Coast
Aggregates, Inc.* Company, commenced
operations ,on Sept. 1,- 1929.
It acquired "the business and properties
of Rhodes-Jamieson Co., Associated .Gravel Co.V and .distributing plants
operated by Acme Gravel, Co., Pratt Rock and Grave! Co., and Pratt
■Building Material Col with Subsidiaries, • Bay Development. Co. with
subsidiary, 3anta Clara' Gravel Co., G' & M Gravel Co., T. I. Butler
Co., Inc„ California Building Material Co., Piedra Rock Co., Goldqn
Gate-Atlas Materials Co. (excluding ready-mix eoncrete business) and
eliminate certain items from its
principally by charges to its earned
■
($100
HISTORY
to
$32,000,000
(1)
*
.
preferred
series
Common stock
.
Public Service
utility plant and pther
accounts
surplus account.
As soon as practicable after consummation of the proposed merger,
the
surviving company proposes to- issue and sellV : at
competitive
bidding,--pursuant to the'requirements of Rule U-50;
1
•
-
*
cumul.
ible
connection
In
proposed
'
1
i
4vs '/r
therewith,
nection
GIVING EFFECT
"
of voting on the proposed merger. ^ In con¬
Marion-Reserve* proposes to > solicit proxies j;rom
its preferred stockholders to vote in favor °f _the proposed merger.
It is represented • that preferred stockholders' of Ohio Public Service
are not entitled to vote- on said merger.
•'
' ' r'
2
^
Prior to the .proposed merger; Marion-Reserve proposes to■ pay or
redeem its ,2%% promissory notes' in the principal amount of $390,625
for the
called
be
CAPITALIZATION
r
17,862,242
7,544,149
13,109,156
7.115,753
Reading Co.,
Bonds—
.
-
r
-4
below.—y.
148, p.! 1724,
Electric "i Power
Philadelphia
Co.—May
Refinance
.
The company is considering refinancing its securities, and discussions
under way with the regulatorjf commissions having jurisdiction, the
11,441,328
are
V 6,703,268
has announced.
Company has outstanding $29,731,000 of
5V2% bonds and $12,000,000 of 8% preferred stock, issued When the
Oonowingo hydro-electric project was originally financed.
Proceedings
before the Federal Power Commission to determine the original cost
of the Conowingo project have progressed to the point where they
company
Net
profit
-
Provision
.
$214,619 i $2,023,474
i 42,003;
< - 51,508
*
.Other: charges
.7
for Federal,
Wisconsin and Canadian.
:
;f n
^ 7
i
v
Federal normal and surtax—46,200
Federal excess
; Net
profits tax—
'
a
$8,226,321
331,935
(net^
$8,751,924
$8,705,372
$9,256,795
331,532
324,732
297,404
$8,558,257
income
$9,083,456
1,453,883
^
,
238,500
1,250,500
27,000
aper, ; revenue—-
Other
,
Int.
funded
on
debt__i
1,413,689
Other-interest
Net profit before special resSrve^i«X-i^-u.
♦Special reserve for conting.7 and conversion
.
7$99,415
;
■
r
»
and readjustments for civilian production—
$482,967;
•
,
*,.
.
J
—
X
-struction ,{Cr)
X 175,000
-
.
$99,415
Earned per common share
•
$307,967;
$0.17
1,533,390
16,533.
.
$9,554,199
1,591,846
Pfd.
$0.52
divs,
stock,
61,312
:
55,382
26,231
40,889
$7,668,423
$7,508,296
$7,987,587
'
divs._
sub.
$7,191,008
1,337,256
int.__
99
of
min.
present no obstacle to refinancing the company stated.
-•-.«•
The bonds are callable only on an interest'date, with 30 days' notice, the present call price being 1051/2 % of the principal amount. The
next possible redemption date is August I, 1948.
", 4 *■
"
1 ' 4-t
The preferred stock is callable on 40 days' notice at $28 per share.
Any refinancing plan would probably include calling of both the bonds
and the stoCk.-rrV. 163;
76, v
1 "f :;!;s;
,
™__
before
stock
Com.
for excesS^:profits tax of $27,006; forVthe quarter
ended Dec, 31, 1945, has been made with respect to the operations
of the Canadian subsidiary.
Excess profits taxes, if any, for the parent
inc.
,
15,654
14,649
Interest charged to con-
Net
Nei profit
14,872
$9,030,104
'
;
1,336,676 Z 1,341,536
1,337,255
v
132
117
114
.
'-C..- w;.-?.•.*)v•..'S
'.v
NOTE—provision
the
quarter
for
termined.
ended
;;
a
after
above
providing
$49,200
for
statement (converted
taxes on income,
to U. S. dollars at
exchange of the Canadian, dollar.—V. 163, p. 657.
included
are
the
,
-
official
pfd.
com.
Remainder
Amount
the
in
rate
on
on
to
of
'
/
Of¬
Convertible into
common
PURPOSE—Net proceeds are to be used
construction
for
of
following
a
new
purposes;
aggregates
Ap¬
pro-*
4/825,893
4,825,893
4,825,893
$27,761
$505,144
$345,612
$3.31
$3.21
-
V.
stock
W.
W.
Berndt,
°u
Ivanhoe
xx,
Corneii
who
,
has
has
Comptroller,
establish
his
own
succeeding Oliver
accounting
E.
C.
Vice-President, and
Rolia, Treasurer; J. j. Helminak, Assistant Treasurer
Schlacter, Assistant secretary.—V. 163, p. 196. *
Penn Mutual Life Insurance
Co,-r-Report—: • V
*5
*.
year of"record-breaking achievement and progress, will., all-time
ft.»
asse';s> insurance in* force and net - incomer was marked up
lor this
company in 1945, it was announced by- John; A. Stevenson,
President, »who characterized * the annual Tepojrt. as one of the most
*
_
outstanding in the- history of the -99-year-bld. company.,*
Topping-its own previous records, the Penn Mutual crossed the billion
dollar mark in assets,
-—the
reported a net income of
more
than. $21,000,000
highest net income in the company^ history—applied more' than
to strengthen company reserves and pushed insurance in
•$9,000,000
.
'
,
& " New
-
York
-
„
•
•
,
•
(|
RR.—Bonds
,
.
f|
Offering—A special
offering of 11,000 shares of common stock (par $25) was
Rillsbury
made
was
on
Mills*
Inc.—Special
the New York Stock Exchange Feb. 1 at $34
share, with a commission of 65 cents. The offering
made by Hornblower & Weeks.—V. l63, p. 317,
i< *
public
.
,
'
r
Newtown
Reading .Cp., below.—'V*.; 156, p. '964,
See
.
Pittsburgh Metallurgical Co $
:
Manager ot the company's
H.?. Wagner,; ;Jr.,
•
galled—^
The
r
officers^include
secretary; f. a.
j.
elected
Manufacturing Division.
Other
ana
been
resigned to
1944-*Mr- Cornell has been
v--
x.;'*
output - lor, the company and its - $ubsidi4riesi' for t :t!he.
2, 1946, amounted to 129,884,000 kwh., a decrease
or 6,3%, from the corresponding week of 1945.—*
kwh.,
163, p. 658.
Philadelphia*
$3.51
Cleveland, Ohio—^New Comp-
v-
Feb.
8,779,000
$820,042,
.
Co.,
ended
week
per
preferred stock,
proximately $700,000 for the
of
independent active meters jn service at the end of 1945
1.137,033, compared with 1,108,954 at the end of 1944, an in¬
of 28,079.—V,
162, p. 2950.
Rmxert
stock at the rafe of one share of cumulative
convertible series, for 9 Ys shares of common stock if
converted on or prior to Dec. 31, 1949; 8% shares of common stock
if converted after Dec. 31, 1949, and on or prior to Dec.; 31, 1952;
and 7 shares of common stock if converted after Dec, 31, 1952, and
on or prior to Dec.
31. 1955.
XX
.."' 'X,
Callable on or prior to Dec, 31, 1947, at $107.50 per share; after
Dec. 31, 1947, and on or prior to Dec. 31, 1948, at $106 per share;
after Dec.
31.
1948, and on or prior to Dec. 31, 1949, at $104.50
per share;
after Dec.* 31, 1949, and on or prior to Dec. 31, 1950, at
$103 per share; after Dec, 31,
1950, at $102,50 per share, and in
each* instance plus accrued dividends.
:' ; V .7'L;
Transfer agent, Crocker First National Bank of San Francisco, fean
Francisco.
Registrar, Anglo California. National Bank of San Fran¬
cisco, San Francisco.
..■ ..X.:
1 a '-:,';
:
4,825,893
$3.02
surplus
Parker Appliance
Jan. 24 offered 15,00Q
The: electric
$6,645,935
1,000,000
$6,171,505
1,000,000
1,000,000
shr. appli.c
per
common
crease
fered—Blyth & Co., Inc., and Schwabacher & Co., on
shares ($100 par) cumulative pre¬
ferred
stock, convertible series, (4^ % dividend) at
$102.50 per share and dividend.
.
•
.
to
$6,331,037
"
>1
The count of
totaled
pacific Coast Aggregates, Inc.—Preferred Stock
$5*853,654;
1,000,000
stock..
stock—
t
'
™
Divs.
Divs.
Dec. 31, 1945, cannot how be de|;vX
The operating results of the Canadian subsidiary company, showing
net profit of $72,966 for the three ; months ended Dec. 31,
1945,
company,
■
' ^^-:V
" r
Philadelphia Electric^€o*wWeekl^ Output^
4
Applic. to Pacific Ltg.
Aft.;'- Corp.
300,000
to
Inc^To Split; Shares^
vote Feb. 23 on a proposal to increase the
stock from 150*000 shares of $10 par per. share
of $5 par per share and to change each $10 par
stockholders
authorized
will
common
shares
share into two shares of $5 par stock.—V?. 158,
Portland
Electric
Power; Co.—Plan
ruptcy. Referee—
p.
2474.
,
Goes
,
to
,
t(". \ /
Bank-*
*
,
at Portland, Ore., has referred to Estes
referee in bankruptcy, .the, second alternative plaii for., re¬
organization-of -the company-' Approved Jan.' 14 by. the Securities and
Exchange Commission.
X-.ft ;-'
,■»
Prior to submitting * the plan to the court, counsel for Ihe independ¬
ent. trustees, as ordered by. the SEO, filed .an, amendment reserving the
Federal Judge 0ames A. Fee,
Snedecor,
a
;
-
r~
(Continued,
on page
819)./;
;
T /
-
785
Stock and Bond Sales
«»
New York Stock Exchange
weekly
furnish
we
Treasury
!
'
—
106.9
*4
fe
§
;>
i
—-
'ife
Sir X946-48.,
« » r
' , ' - 7
.fef/tfe:
101
I Close
■,,
■
fe
•n
■ r
.
.
101
,
-
•„
.
v\
.
■-
.vf
v
Feb. 4
Feb. $
*
~—
—
103.16
103.24
103.30
104.9
103.15
103.19
103.30
104.9
104.15
104.7
103.16
103.15
103.24
103.30
104.9
104.15
,
/
%fr. u.fe.:-25 fe77
[High '
;7
—
150
»:7;--s;.7fe'fe
.
ay«S
■
i
■
'fe
[High
106.20
[High
j Low
Total sales In $1,000
;
100.29
106.20
106.29
106.20
unitsZiS—
-/lS
HI
units.-——-!
106.29
123
157.77
'2 5 .fe
103.8
Zfe
:
103.8
103.8
3
f High
103,22
109.22
3; 5
."
/.
'
j,
'•'-"''
LOW
■
f»~~7
'
ii
»•*' <yr
V«
[Close
Totalsales ln#l,OOO unlts—
.-w..
[High
.-V1'
.2Z
■f: Total sales in $1,000
unlts^-if!—
\ "^w
units—!—!!—
-
:
2s, Dec.,
—
Low
(Close
Total sales In $1,000
'.xTyyr'1 #W«'
.
J
Low
[Close
^8, 1956-58
pmW:R:B::-rR -s
■v.ivi'-Total 'Mies
'w&laew'
———
T^tli ialei to #1,000
.
8n;#MKKtunits^^--ii'^
(High
IS.
Low,,,
[dose
fhigh
[Low
:
2y»s, 1963-1968-
3^
iCiose
•
>
<'
i96i-196^.i----i-/<3Low:;
-
;
-
r«»
%
,»
104.28
-W( f LOW : 1—'
•ff'i •/*:**:*;"'"f
Vr
[Close,• •
:
>, Total sales to #1,000 unltsi———«
:::
rr./x
'
>^TOtatsalea ln,5lt000 :unltsV
'-rv.-f
,,
(ClOSC^
f. i
■"
■,
'■
I
[High.
104.15
232
104.20
104.15
104.20
104.15
104.20
222
Us vfe
\ \ ^,
(close.:
7
t
221
——l-/l!ow.
222
—fe r ^;r" •' ? ' T;- -" ' ■■•L Idosefeffe—
Total sales In $1,000: unitt-w-L—
;
105.6
;
•
fHigh
i
1%S 1948
;=
•
Low
[Close
f '? ' V105.6:
—
7.TotaV#alMto$1.000AUnlts.fe—;
yZ~:%
dose
5.-77
Total sales in
103.16
103.28
103.16
103,15
•Odd lot sales
103.28
103.16
<1,000units—
2
<
—
JRegistered bond transaction.
103.28
8
IV.7
i'High y
Low
104.20
104.20
(Close ,10345
'r";Total:sales In.$1,000 units—4.—— : \
•#'[>' '■ \ "V <\ -V'-v-. y .*■
.
V
104.20.
•..
r
222
.
Total sales in $1,000 units--—
a»; 1953-55
"
i'v7'
v?
1961-72----------—{ Low
;
units——!
•.
.1
fHi#b:-J " 103U5
>
i
1,105.6
■ftrTotiVBales to'#1,000, onits*i-L-—;
i 2 Mi 8i June
■
i
f > 104.29
fe miz€y, i ^
a%S^1966-7L-^——Low-,-1
;•
; - VClosis.''
v
,;c.
104.29
.
■'
H, Dec.,
104.29
104.28
| ,.lcw
8 Ml I' .flOOS^O—t-!- y«
fe
7
222
units-!—!
1952-54———{ lJJ
'^■'Cyyyt
rrh m
104.28
—
,
j 105.23
7 105.23
105
—
.
IMiS, Uec.j ,1964-1969..
i
iolif
unit«-!-!!!
—.-J lJ#
June, 1932-54-.
105.23
105
:III
\ .[Clost
.'
»
,
,
v-fhtahMles to #1,000 Units—^
fHifll
'
*
"21
Total sales to $1,000
105
juney
2Wis.
•*
;V
:
'
J
1951-55.-
Total sales in $1,000
Total sales ln.$l,000 units,
.
S
'
2^BU ,1962-67—■
r
•
ZI
iek-1953-^-.-——'
—-
2
£3
1——*
a«,
-
103.22
" 2-2 f
Sept.,
Close
[High
103.22
103.22
1950-1952—-i-J fj?
Total sales in $1,000 imlt#-u!^°!!
as,
j LOW
,
-
.
units—i?!!!
T®tol "leg in $1,000 units
•
[High
1952-54-
~
:^22r^
;..v'-fHigiiLoW
1949-1951———J
■s," March,, 1950-1952—v
f Total Mies in, 81,000 units—>
Total sales in f l.OOO imlts—
;
\ '
[ClOM
Total sales to $1,000
Tbtal:Ml«s In. $1,000 units-—-— £
iv^-=i'ik
Ri f High
2V4s, 1950-52——Low
:■
tClOM
2 Wis,
322 f
li^ow
•'
;•
.
Zlt
"
(High.
'
-f..
a''
2—
2s, Sept., 1949-1951
V?--- '
<■:.»rv.
iClOSO t.
Total Mies in, 81,000 units-'-—
-
2 ^sS, -19,49*53—.
.
'
.
.
•
—
Warcix
3s, June. 1949-1951—-
1960-65
J
} Low
?M,:!>'■ rR■ [Close ■,
^Total salesm 11,000 units
-nm
^
^
•
; [High1 '
a%Siv 1948-————-—-——{ Low
.
8
/
~
Total sales in #1,000
2 KB,
-?P
103.2
222
as. Dec. 1948-50
1958^63^:---lJ:^-^:-^j Low
.2 ^s,
103.1
^f/fe
units—J-!!!! HZ
1948-50—7---^$
2
Total Mies in ll.OOO unltsZi—!* ' C2J f
—
l Close
J—!!!,
1947
2s,
-
Total sales In SI,000 units__
222
Total sales in $1,000
V-:;
High-
.
\I
2s,
'
103.2
If'-
-[lo£
2V4B, Dec., 1959-1962
Afe J,
-fe, i
■, fe(€IOSt
Total sales ln ,#1,000 unite—..—
v -
4
(close
1956-59—i.
2Vis, June, 1959-62-
Low
-"fe,' fe
j *
. fe [
#%«. 1956-59 ...:,..••, • •:,; M
'•
:
units—V—-'
Total sales-in $1,000
If: rvfe "'V;
4
I'
13
fHigbv
Total sales in $1,0.00 units.
• vfe/fefe
'
I
fe
———[ Low
[Close
;
Feb. 8
[Close
1948*51-.,—[Low ■
fe- Wfe-
Feb. 7
>
«...
.
103.13
'v
Feb. #
—
...
103.15
,
Total Mies in $1,000
Total sales In #1,000 units
%
^
<
M
2%t,
year.
———Low;
#%», 1954-56—
[doss
Total sales In #1,000 units——-—
—.
f. .•; ••>•: •>.-■•
Total sales in $1,000 units
,
Low
[Close
1955-60—————-----—:]
fe.-fe7fe;
V
the
(High
ay«S, 1952-55—Low
4
fe [Close
fe7,.;
■
for
range
tClose
Total sales In 81,000 units——4'
6
Total Mies In 81,000 units—
t%»;
the
■
( Low
SVis, 1951-53—
100.30
| High
[ Low
3s, 1951-55U.—«——
fefefe;fefe7fe'fe fefefefefe
mrnm,
fHigh
•
100.30
-
•Total sales In $lj$0Q/units..»,—
■Jl
%
i
I Close
100.30
TOlfefe1
Low
.(High
V'.'
'
1
Total sales in $1,000 units—^.——
Total sales In #1,000 unit*—
-
{
,
■{ Low
(Close
[Close
»
1967-72—
2V2S, Dec., 1967-1972
■fefe/fefefefe;
r,
'(High
l%s, 1949-52Low
n
Feb, 3
| High
Sept.,
.
[High
v
1
c;
•
Total Mies ia #1,000 units——J—-
ft
1
Total Mies In 81,000 units
Low
—k
•
2Vis,
,,N
•
fe-. ■.77fefex;fe/-:/ fefe-fe-. /
[Close
Total Mies in 81,000 units—
;
3%s, 1946-49
Daily JKecord «f U. $, Bead Frleee
-
'
••
couoon bonds on +b- w™,
Treatary R-R'h
.
•—•
106.9
—i ■
j
3%», 1946-56
i
raeb saiee la eompnting
of a
coupon ^onds on the New York Stock Exchange during the current
fHigh
•-
ffe
106.9
.
i—
total sales la #1,000 units—
V
Feb. 7 .fe-.. Feb. 8
-
.
Lfe
point
Feb.«
'
Low
[Close
'
■
Feb, 5
Feb, 4;fe
.
1
,„-■■■
5
j
32d
A f High
"
4 Via, 1947*82
\)
!
Feb."3"
Dally Record of «J. *. Bead Prlew
:
and Home Owners' Loan
daily record of the transactions in Treasury
a
Figures
titer decimal point repre.ent one or more
week.
la taken of
United States Government Securities on the New York Stock Exchanoe
;
Below
yearly
■
the day# range, anlw they an the only transactions of the day, Ho account
NOTlCn—Caen and doiorrod delivery mum are disregarded i*
$1 '/a
•
.
...
_
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
Monday
Saturday
2$
per
than
mv/z
97 Va
1UV2
*122
125
97V'a
i
7
V4
18%^
l83/4
20
133
ioy«
'
nv*
fe
V.
6
7Ts
.
,
46%
78% 7
*24
200
39%
58
'
' 71«
8
.
7
^
19%
79/
47
47
48 Va
*106
24%
2oo
199
■
28%
28% 7 -28%"
38 %
39
3814
"
38%
footnotes see page 795.
199%
200
•
38%-
r
*24%
200.'
•
-
*
-
.
38%
4,500
10,100
100
*37 Va'
7%.
x27%
•
37%
135
7%
■
63 Va
*77 V
48
•
7,800
11 %'
2
47
108-
••.201% 205
3,400
-7.100
56
*130 Va
78%
24%
38 Va
19 Va
55 Va
,19
64
24
28
3814-
23 V4
11%
7%
:. 47'%
*106
36%
54 Va
19%
63
2414
202
8,900
23 %
39%
*77
108
18
54%
56" fe.
11%.
48%
36 %
"•
-
"fe
80
80,500
7%
57.200
'
5,700
78
"2,100
48
8,900
107 Va "107%
;
'
llVa
64
24
24
205
205
.fe.--fe'.
•
STOCKS;7V;,'-;?777'::fe:Vife':>^7;fe7;/.777fefefe7
•
50
900
2,700
27%
27%
27%
•1,900
3814
38%.
3sy4
4,500
Range for Previous
-"NEW YORK STOCK7fefe77fefeV:>feffe Banger Since January 1
EXCHANGE
Lowest
Highest
y
far
Abbott Laboratories——.—No pat
fe
$ per share
,,V 82Va
4% preferred———
108 7
Abraham $ Straus——...—No par
125
'••17%
*130% 135
:
8
*120
18 74
79
28
28
r
47:-:;;
*106
24%
28
38%
7
:•••,
fefefe,/ 700
*111Vi' 113 Va
55 y4
66
7 *77
110
'24%
7%
64
65%
78«/a
•
fe
98%
24
391/4
v11^4- rlTVs
fev
8
64%
24 V4 '
133
98%
Shares
54%
23%
*52%
'
the Week
1 per sharef
36 y4
J
,
Sales for
Feb. 8
99
'
36
3914
39%
7
19%
7% 1,18%
56 fe 57 Va.
133
135
65%
28 Va
FoiP
40
7,7,7 %'
-*'■
"Friday'
.
t per share
-7**98
54 %
79 Va
7 110
36 V4:
?
24%
78%
46%
*
36
24%
11%7 12%
11% 712 77?
1814
"fe 17%
Thursday 77
■ Feb. 7
;fe*illVa 11314
fe*i20
125
7" ^ 17%
18%
,
.*52%
56Ta
*130%
*
•
123
.
24%
1914
136
*
1131a
•
55%
7.
*111%
54 Va
■
39%
20
•*106
'
199Va
24%
*53^4
•"
y
*120
fe
36
64%
>{:
47' fefe
.112
24% 7
*106
.
54 Va
>131
6566
7834
3514
19%
57l/4 .58;
133
fe
24 3 4
7
18V5T 18%
7
36 I'd
56 Va
39 V4
1978
•
.
125
99
98%
f
113V'a
39
fe
fe
33
■
share
*111 Va
v
;
7-
.
*120
125
<
Feb. 6
-
fe $ per thafe
fefe 99 ;fe '99% fefe
113% 7
*111Va
-fe; >120.
;fe
;99
;fe 181a
7; 3614
36 Va
36 3,4
;: .243ai 24 Va 7; ^' 24%
*52%
*51 v1- 54Va v
18
f per
* por share;
2*97 fe
Wednesday
Tuesday;:x.r,
-
ffe7fe:;;Feb.
Feb. 4
Feb. 2
Corp
ft per share
99 ya Feb 1 5
ife
116
113% Jan 28
112
ACF-Brill Motors Co—.;
2.50
15%
Acme Steel Co
—fefefefe—10 fe'
31 Va
Adams Express ——r—1
19 Vt
Adams-Miflis
Jan
Jan 24
Jan
2 fe" 128
Jan
10
Jan
3
19
Feb
Jan
4
/
36% Feb ;
No par
^
v
3
fe
24% Feb
4
4
57
Jan 29
32
Jan
17% Jan
.
28
1
1
60% Jan
Higheet
< per ehare
>■■■
Jun
Dec
v
•;
9% Jan
25% Apr
13% Mar
7 32%
7717% Dec
Dec
47%
Dec
22% Apr
fel7
Dec:
38% Jan
6
6%
2%
34% Nov
21% Dec
56
Dec
122
Dec
Jan
Jan
fe.; 34% Jan
56
'
9% Nov
6%
v
Jan
6
22%
91,.
Jan
30
17
28
30
13%
^0
Jan
.
Dec
>% Dec
194
>
Dec
25
Jan
%
Dec
42%
108
153% Mar
"TT.
Dec
60% Jun
74
Jan
8
Dec
35
77 21%
Jan
Jan
28
:Nov"
114
98 V4
28
•
115
Jan
60
,
1
28
88
77111% Apr
2
Jan
3 77 41% Jan
3 77 20% Feb
7 58
Feb
52% Jan 4
Feb
Alabama k Vicksburg Ry—...100
122
Jan
9 ; 133
.Alaska Juneau Gold Mln—
10 7
8% Jan 3 7 .12% Feb
8% Jan
Allegheny Corp—
1
5Vi Jan 3 7
5% % pf A with $30 war—100
52% Jan 3 fe 69>/4 Jan
82
Jan
$2.50 prior conv preferred-No par
68% Jan 7
48% Feb
Alghny Lud Stl Corp
—No per
38
Jan 3
107 Va Feb
Alleg k West Ry 6% gtd
108
105
Jan 25
25
Jan
Allen Industries InflL..——1
r '
21% Jan 4
210
Jan
Allied Chemical is Dye—.
No par
185VaJan 2\ 29 Vb Jan
Allied Kid Co——.
I
22% Jan" 7
39
Jan
Allied Mills Co Ine———fe——No par
33% Jan 3
;fe
i—___1
t per share
1
44% Jan
No Par
Addre8s:Mutigr Corp—10
Admiral Corp.
Air Reduction .Inc..
Year 1945
Lowest
Dec
24% Dec
FINANCIAL CHRONICLE
THE COMMERCIAL *
86
v
Monday, February^ 11,1946
\
NEW YORK STOCK RECORD
STOCKS
LOW
$
i'
t per
share
per
53%
134%
135 y*
34%
r
'
34%
34%
11%
11%
44 % •'
•:
*43%
45
*65
,
75
77
78%
38
38 %
38
38%
•
81%
80
28
56%
27
27
27
56
56%
55 Va
/ *27'/<
56%
100
}}
200
200
fr
*146%
67%
67
67%
66%
132
*131
J:*130
132 li
40 % * 40%;,
152
*148%
146 %
145%
148
{' *150 152
*28%
*70
73
,
20 Va
20
39%;
39%
40
40
12%
♦
13
11%
12%
s.
S'i
I
1'2%
*60
40%
12%
123%
,
12
•
110 Va
-
15%
*"•
*
13
50
>'■'
*49
>•
40%
19%
19%
19%
18%
19 Va
19%
;//• 19 %
"
181
r
57%
-
89%
27%
69
26%
*110
-
57 Va
,
49
-49:
120%
-27'
-
.
110%
146%
146%
15%
15%
*80%
83
147 a
f
49%
-49%
/
54%
-55
48%
48 %L
V
148
110
-
-26%
;
;
10%
|
30 V
14%
30
14%
:
•
■■
-'-
'
55
•} /
-47%/
10 Va
22%
10%
30
14%
'
29^,4
30
,
14%/
129
137
■'
15 Va
15%
,
55
j
*110%
r
-•-55%
55
-.-
113
*110%
//
1
25%
19
19 Va
1
49%
49%
•141
26%
>
;
:
136
52
137%
*50/'/
52
108
1142
142%
i
f
*106
107
107%
119
.//
52
*50
119
78%
79
40 Va
41
85
85
36%
37%
r
*
v
*85
37%
122
122
122
*115
>
78%
78
40%
,
85 Vi'X
277/a
28
v/-
*56
56%
56 Va
57
..
j
*93 %
94
92
92 %'./:
132
132% /
27%
"56
'.
131%
132%
29%
i
J
29%
29%
18%
18
91%
132 Va
30 Vi"
18%
>.
18 V2
78%
85Va/7 / '
86
120
i>/v
92 Vi
90
> *132
133
•
/
36
i
14 V*
14
14 V*
13%
83%
82%
83 V*
82%
82%
82%
38%.
33
38 Vi
373 ,
28 Vi
38%
/
30%:/
35
.
•
357/a
34%
.
JlO
;
t':
80%
45 V
28 Vi
29%
,29%.
-
u373^
•
,
29
45
.
Am
Wks
Water
No
Elec__
&
Wire A Cable.,
4,100 /
300
6,000
1,300
"
400"
24,300
330
273.',
8,700
56 V4
56%
1,000
90 V*
90 V2
.700
280
44 Va
45%
45%
46
45 3a
46
*24
24 Vi
2334
24
24
24
24
24
••*23 %
*83 Vs
85
83
84
82
83
82
82
*80J/a
82
437i
43%
44
43 Vi
44
43 Vi
43 7i
417i
42
4
'
120
28% V.
4,800
Associated
-jct
g%
7%
2d
Dry Goods-,pyoforrort
■. •
preferred—
„
'
43%
*52%
52 Vi
53
*55"
24%
257a
24%
257a
30%
30%
30%
44
43
*65
66 %
66%
"*55
55%
55.
*43
5234
52%
55
52
Va
23%'
2334
31%
307a
31%
317a
31%
43
43.
43 Va
43
43
663i
66 Va
66%
6634
103
109 Va
109 % 1
110
106
106
106%
1067a
*109
110
106
see
24 %
23%
page
795.
"
106 Va
67
110
106>'a
31
•
43
43%
67
.
8,400
800
42
3,300
of
Del
Dec
113
Dec
Feb
8
43% Jan
18 % Jan
55%
100
24 V8
50,400
.
1,400
Bayuk
2,100
Cigars
Beatrice
"
120
Beck
;v/u
8
7% Jan
23
109 y July ;
38% July
.8
;
12% Jan
3
122'A Jan
/
Corp
Inc.—
,
..
.
Shoe
54% Jan
Nov
23% Sep Z
30%
2
.
fl%
Feb
7
7
52,,. Jan
■
125% Jan 12
8
16% Feb
'33% Jan
,24 V2 Jan
39'/4-Jan
22
Jan
-75
Jan
41 '/a Feb
6
113:
Jan/.:
140 » Nov v.
ill
Jan
13074 Nov "
45">' Mar
105%
31
}
1
No
par
23
preferred—_100
!
,108 Va Mar
:
113%
Dec
16
48 Va
Jan
5
>33%
Feb
Feb
6
83%
,
/ Jan
9
28% Jan 29
14%
Jan
,:557i
Feb
/
>60
Jan
113
Jan
*
Feb
97% Jan
18
133 J/4 Jan
15
i
30% Feb/ 4
14
126 / Jan
10%
-
/.
14V4 Feb >2 /
83% Feb
Jan
3R7i Jnn
30 si/;
30% Jan
16
3
46 Va Jan
25
,
,
Z
94%
130
,,,27%
20%
Dec":':
Dec
29
Dec
Jan
10%
Dec;/;.
Dec >;<
2434 Aug
Jan
19%
Jan
>> 12%
Jan
/ 63
Dec
35%
Dec
28%
Jun
>44% Nov
23
Jun
2
25
Jan
9
84
Feb
4
66
Mar
81
Dec
9
29 %
Aug
52%
Dec
28.
17%
Jan
42
Dec
23
52%
Dec
54
Dec
497'a Jan
54
55 % Jan
Jan
53
21%
20%
40 %
56%
Jan
9
Jan
Feb
Jan
2
25% Feb
2
16%
Jan
25
31% Feb
5
14 Va
Aug
24%
Dec
Jan
Jan
Jan
4
r°-va
Jan
47
Nov
36
Jan
55%
Dec
4
47
Jan
17
4
67% Feb
'7
Feb
106 V2 Jan
10
110
Jan
26
1067i Jan
5.
31
X106
—
...
■
Dec
.3
0
/
-
Dec
Jan
11%
>
•
y
Nov
5 Vi
58%
2
Dec
131
Jan>>
145/a
29
/
Jan
77
11
37% Jan
18%
:
Z 20% Jan
Nov«
27% Dec
Jan
58
;
4
57
:'
Nov
833/4
42%
.
120 > Nov-:
Apr//.
110
31
Dec
45
/
.71% Sep
30 Vi July :■<•>
•
40% Jan
'.
;
NOV
120
43/ Feb
r
;
Dec-»
Jan
,81 -..Jan
101.
3
2
105
Dec
52%
:
Jan
76 3/8
11
12
123
•
4
110% Jan
/ 86 /
Dec
8
&
3
38
..
x29y#
19% Dec
Vfy 48 >: Dec
Jan
18
120% Jan
Z
NovL"'
108 J' NOV
!
/Jan 15
Jan
Nov
-
59%
11% Jan
/jo// Jan
8
Nov
141
106% Nov
27% Jan" 9
2 /: 24 Ve Feb
51 ; Feb
3
2, .145 'Feb
139% Feb
3
18
45
„
Oct
127%
Mar
42% July
109% Jan 1?
9% NOV
-15-v Dec
•
111
17
'
102% Mar
Feb
60% Jan
24% Jan 21'
,
Jan
142
3
107% Jan
par
vo
4%%
Nov
23%
136
4 '
Jan
132
..
Creamery
5«
40%
;M5% Feb / 6'
10
r
Jun
12% Aug
4 Ve Jan
10% Feb
5
'30% Jan 31
4 '
Z 27% Jan
50
ou_'
Iroh Works
43 %
1
preferred-
Baiit^uan
43%
I
Jan
24% Feb/ 8
*
.
X490S Nov
-
'
-
100
100
50
100
10
No
Brothers.^.
4%%
Bath
67
6
24% Feb
'
3
mmm
preferred-—
Bangor A Aroostook
/ Conv 5%
preferred—
Barber Asphalt Corp
9,900
107%
113
7
(Tbe> —---3
4%
31%
♦106
45
prior A__.
.
Barker
111
•
Dec
Jan
-No par0-2113 , Feb 8
5o j.-; 26% Jan' 3
/;• 9% Jan
3
$2.25;;conv preferred——No par,
./;..59% Jan' 3
$5
Avtatlor. Com
02
irq
107
/.
400
66
67 Vi
109
*106
57%
24%
Autocar ,Co
31
31%
Jan
Jan 10
112
par •>:/•
—
23%
23%
38 V*
51
./ 51% Feb
•
Works.,——13
82
*55
60% Jan; 14
3
29%/Jan
-
Baltimore A Ohio—
61%
55 3a
24 Va
108%
footnotes
62
55
24%
.
106
For
52 7i
55%
7
>83-
6OV2 Jan /"
—
Haldwln Locomotive
41%
52
55
523i
.55
45%
:
Jan
43% Jan
Jan
107
No par
Dec
>>11%
5% Mar.^ :
15% Jan
81
100
105 ; Jan 3
Fe———100
103% Jan 4
—100 ;. / 117 : Jan 3
Atlantic Coast Line RR
100
;/73
Jan 3
Atl G & WI SS Lines—/——I
37
Jan 3
5% non-cum preferred--—100
x 84% Jan 28
Atlantic Refining—.
25
''34
Feb 6
4% conv pref series A
100 >./ 115 % Jan 14
Atlas Corp—
5
25 y Jan 3
%
8%
preferred
—50
56
Jan'/8
Atlas Powder
No par
,
1 90 ; Jan
7
5% conv preferred—
100 ;;j 129
Jan 4
-No
31% Dec
140/;/ •Dec///
Mar//.
51
;
;
Nov
112
-
/
Dec
26%
Jan
4
Atch
-
69% Dec
121% Mar
Sep ';
9
.'55
Niohols—
Dec
24%
•
3
,
20,700
.
29
17
Oct
Dec>
161%
>
Jan
8
preferred——Tope! a & Santa
5% preferred
91%
Jan
i/100%
25
Dec
90:
99% Jan
,9
jan 25
150 / Jan
8%
/;
Nov
196%
43 Vs Jan
No par
Assoc Investment. Co-—_i.
13,900
,
.
*80%
•'
9% Jan
/ 57
*
Austin
2,800
37%
23
24%
31
Jan
i.,—l'.y
Jan
.
too ■■. y 131.% Jan
100 • 133
Jan
No par
Atlas Tack Corp..;
102,000/
78%
44Va
IIOV4 Jan
3
3
Dec
53% Nov
'"
43% Mar
116 Ve
-
Jan
79
—--2—No par x
Corpi—i
Artloom
1,800
13%
28 V*
■
3
>■
~21%
20
8
'
•
15
>
151
•
•
13% Mar
16
Dec
Jan
145% Jan
;
10
27 Va Jan
Arnold ConstP ble Cor p./———6
1,400
,34%
65%
17
71% Jan
5 %
6,000
93% Jan
'/
Dec
Jan
/ 65
170% Jan 30
29
Jan 14
120 Vs Jan
29'% Jan
preferred
—
—100
Armstrong Gork:Co.i—r—No par'
preferred
2
3
128
7%.
$3.75
7
Dec
60
S 157 /, Jan
-6
17
108% jan
No par
Mining
W Paper Co Inc.—.
Copper
/ Feb
18
No par
preferred
Jan
92% Jan
•
29 /
31
Jan.
29%
21
—12.50
$4
128%
6
;/
Aug
43% Dec
y-
•.
Aug//;
16
y
Nov >.
50%
164
Jan
/: 58% Feb
23% Jan
American
Anaconda
/-41
Dec
181
Apr
Feb
22%
•
Nov
68% Dec
27% Jan
17% jan
8
66% jan
,120/Jan
23% Jan
1st
86
41%
153
•154% Feb; 1
8
Oct
/ Dec
44%
Aug :
8
>3.,.
Dec
99
Jan
9
Jan
30%
38
164% jan
4
-
,
Dec
Mar
184
40% Jan
IT '
4
/
par
Anchor Hock Glass.Corp-
200
37 Va
•
'
Feb
51
Dec
19%
Jan
.12'
/
ft
Jan
8
Dec
95%
;
i
31% Nov
:l
""
Amer Type Foundries Inc
;10
/ American Viscose Corpw--i——14
5% preferred
^
-—100/
390
M
.
Jan 31'
35% Feb
Jan
17%
50 V»
•
104%
Jan
54%
18% jan-
33
.
230
'
50 Va Feb
;
Nov
75
4
——
100
/
80%
-
/
Dec
13%
8
8
American Stove Co
86%
-11% jan176 / Jan
/ 15% Jan
29
181% Jan 15
170w
142% May
'
8
Jan
2
a
17
/
6
.
,
40% Jan
160r
-
271/2 Jan
11,700
77 V*
37% a'
28
44%
> •
-
No par
—No par /
Foundries.,-
i!l|B
38 7i
'373i
.
40
•28/4.11 an
—No par
American Sugar Refining——100 / ,50% Jan
147 /;■ jan
Preferred
—"—100;/
Am Sumatra Tobacco—
No par /
47%'jan
18 /-/B uan
Amer Telep Ac Teleg CQ—
84% Feb
American
Tobacco—
25
x85 V4 Feb
Common class B———
25
158% Jan
6%: preferred
—--j—
78%
113
36%,Feb
99 Va Feb
5
American Stores
41%
90 %
34
3
3
/
"
•
25
*
:
2% Jan
10
Jan
Jan
/
119
13 Va
185
6
2
r--
120
24,% Jan
<■
Dec
Nov
Jan
27% Jan
28% Jan
0% non-cum.. preferred-/—
Amer Steel
300
-
Nov
19%
39%
Jan
2
3,400
35%
41
11% Mar
41%
3
.96,500
/:
Mar
21.
■
;;
130%
6
.
Nov
2
471/2 Jan
•
Andes
-
123
Feb /: 5
35% Jan
.96
100
—
American Snuff-
108/
113
:
34%
133/4
; 13%
./;/-' 79%
;
Feb
182
100
preferred
Anderson, Clayton & Co-,
'
35'%
;6
Oct
Dec
41%
Jan
jan
20% Jan 24
3
_10
Rolling. Mill——
conv
:•//. Preferred
130
109%
163/4
#10% Jan
/
100
580
/>l29;..y- 130
/ *30%
32%
17
.113% 113%
83
38 Va
90 Vi
41% Feb
145
/96% Jan
Jan 21
77
>
178'/j Jan
277i
'
35
140 ' Jan 24
preferred^— a———10Q
Dec
54
26
8
,52
118%
^
•
-
17".
Metals Co Ltd—,
American1 News. Co——^No -jwf
Amer Power A jjlght—^,-i^No par
2
Nov
15
/ 14% •Oct>/
108
,
73% Jan
139%
343,i
//;•
30%.
Jan
3
600
507/4
*85
.
273%
130,/ 132
■y ■■
3
No par
No par
103
Jan'
48% Apr /
15
45% Feb
142
78
}
56%
90%
14%
81%
121
27%
35% Jan
17% Jan
/
P l.v §0.—Wo par
6% Jan
.
118% jan >3
2
4l% Feb
8
20% Feb
3
•
24%
119
>-/'
56%
-
2
15
Safety Razor—
.18.50
American Seating Co.,——No par
2,700
♦40
34%
,119
;;
115
115
115 Va
117
90
38% Jan
115% Jan
5
,
15%
•
44% Jan
Locomotive—j...No par.
preferred-—i-*-.A.i«.—i00„
8
jan/11
: 51
Jan 22
50
preferred—No par.
WooJ|en_'-i^,,;—---Wo par
800 ///■ preferred
Amer Zinc Lead A Smelt—
,-1 /
12,900
65 prior conv prefer red——•-,25
100
Anaconda Copper Mining
-50
40,000
134%
108 *
.
,Jan
12% Feb
6
142
*106
41%
13
Archer-DanielsrMidland -——No par
Armour A Go of Illinois——-5
$6. conv prior preferred.
No par
52
118%
34 Va
18 Va
14
45%
Dec
Dec
14% Dec/
Jan
3,600
138
-
78
/; 7%
29%
140 Va
109
•;:>■' #85
30 V*
35%
297a
Dec
58
109
■
68% Jan
2
A P
493/4
> •;>
'v
78
41%
132 V*
•; 29 Va
17 Va
1
49 Va
118 Va
91
*115%
28%
Mar
•
13% Jan
400
26
108
;■//
57
14%
'
47
7
2
5,100
23%
142 Va
*106
27 3/4
57
.
—
35%
297a
28
Feb
10%
Jan
1,800
*25 Va
23 Va
-
108'/a
121
H
27%
57
277 a
116%
29
Jan
8
116
25% >
22
52
36 Va
13%
;
63
112 /
Jan
^,
2,300
♦112%
138
/
86
34
18
115%
35%
Dec;
5
-/
9
American
17,600
X55%
115
X49 Va
413/4
35%
,
28
56 V4 Dec
70
10 'A
14%
56%
-
*50
79'/a
41%
116%
>
/
15%
Xl42
118 Va
ZZ
I
\
.•
'
.r
Nov
-
109%
Jan
4
29%
V-"'
29 '/a
•
/ X138
;
108
}:}
78%
30
30
A8
12% Jan
104'/2 Jan
40
Jan
Mar
91
38%
55% Jan j 9
Jan
55
20%
,
Jun
8% Nov
Xll7% Nov
8
10%
/
25%
//>
1083/4
•118
118 Va
•
"
57
10%
*112
52
108 V4
122
27 3,4
• v
139 :
37
121
122
27%
f
139-
*50:/
>106,//
>
-
43
84%
6
43 V»
Jan
15% Feb
243a
142
•'
';/•/. 36
37%
30
Feb
19% Nov
/
jan
66
/ 17% Feb
103% Feb
Ice-
46%
•134
50%
50 Va
145.-■• -145./:"
'••
'
52
/
43% Jan
Jan
9%
preferred--..^.---—59
Products...—,1
8
Dec
0% Dec
•
Jan
2Vb
Feb
113
50% Jan
57
Jan
14% Jan 29
124
Jan
Dec
109% Jun
3% Jan
10%
27;
Feb
33%'Feb
112 i
24
142
23 V*
103};///:
42
■
8
3
4%%
100
56
112
136
108
78 Va
42
28
33'/4 Jan
i
Preferred —
7,500
46
,'46%
"
•
139
26%
50%
V:
106
30
1081/2 Jan
,
American
3,000
51%
i
46
134
21%
143%
*106
107%
119
*117
!
t
?
103
106 V$
50%
55
23
15'/a
15%
26
'
.,1
10% Jan
20% Jan
29
•
81
81
139
21%
139
Jan
Z' 42% Feb
Dec
27%
Apr
30%
28
'•'jA,300
"
69
15 Va
' 14%
,
134
27 Vi
50%
1423%
105%
23
>
6,000
Vm280:
..•••-' 145;,- 145
i!:
46'/a
-29
-
57
;• 56%
*111 - 115
-
115
*
1
Jan
58
Oct
Nov
69
/'
18% Jan
32% Jan
Dec
'
29%
:
Deo
107% Feb
,Jan
9,700
49
139
;•
56%
19%
50
-
136
♦106
>27
,
26%
197a
•
'>;■
144
136
»
*110%
28
69
Jan
,Jan
?•' 1,600
25%
130 Va
-
137
56%
115
.■/// 19 7 8
26%
j
56%
18
20
3,000
.,
111
54 Va
10
•
1
Jan
101
/•?2,400
120%
•47%
46%
"114/■•'■-■/?
^
V
27
-
'
23
•■/•I
-
«■>"
f
*110 Va
51%
50
54 J/2
29%;
29 V4
,
130
128%
137
13% Jan
1
Jan
50% Feb
1,400
163 Va
25Va
;>
81
i 461/4
10%
10%
V
♦118
15 %
24
-v.-23 -K
.
10%
14%
129
9
112 V4 Feb
300
87
85%
49
*112
*112% 414 - '
48 «• ' //r 46
*46%
-
47 V4
-*135
137 .,:,
70
4,500
•;
85%
26%
0V-691/.
145%
•55
46%
23
,10 Va '
■> 29%
V
128 % 129'77.77 ■;;>
*135
50% -51%?
V;
51
48
112% 112%
a
22V*
29% Jan,
3
45,900
;•>•
51
'*-V194%
f-
110%/
14%
:
56
--
'/
25%
.*80
,
48%
47%
48 7
149
.24%
par:
Dec
112% Mar
Jan
113
Nov
42
Jan
105%
par
Dec
127
Jan
y:
155% Jan, 14
64: Jan
par
67%
/156'/a
2
156
163
1451/a
•82%
55.
22 %
96
Z" 27
2
610
57%
■
194
;
69%
47%
15%
*R0%
/
57%
-
120%
110 Va
,
48
.
-
114 •:>
*112%
*47%
'■
10%"
56
Oct
Dec
10
17% Jan
1
31%
'.' 84»%
27
,
." / 25%
-
51 £.?<
14%
82 Va
\/
35%
49%
(/
;/
.
86 »/4
26%
'
48-
112%
199
Jan
110 'Jan
v
88% Jan
H
170
*152
164
*118
147%/
146%
15%
49%
x85%
llO'/a
•
48%
"
147/a
V?
49%
54%
--47V4
22%
j
--
8
pap?
10
Feb
5
.
/ Dec
Feb / 1
150
97% Jan
1,100
31%
:
//•:
85
:'V/-69%;
69%
'
l *112% 114
i'
48 %
48%
22ya
83
Feb
Feb
v
40% Jan
.3
25
1,600 /
39i/a Jan
No par *
1,200 x Amer Ship Building Co
Amer Smelting ti Refg—1—No par
?/63% Jan
7,400
Vv
50
35
rt-
,
194 7/a
*162
120%
25%
49%
*8Q%
15%
V-.'. *79%
•; - 48%
>
132
10
17
/
Jan
'
143 / Jan
Jan
89 Va
,/ 39
21
2,780
48% /49//V5;/
57%
x84%
27%
•
69%
*118
-
'
/
?
Oct
135
183%
8
16
$5
180%
170
5
V'
-155
194 %
;/
163 Va
27 Va
.
-
110%
48
*148%
147 — "
v://
1
26%
25%
'¥
49%
146%
•
120
*110
llOVt -;
437a
49%
120
V
49
•
88%/' /
87 Va
69%
4 -69%
26%
26%
410%
,-•
48%
69 %
r
34%
57%
86%
•163%
27 V4
26%
27% |
Feb
70% Jan
•<■37 '/a Jan
142%
•24%
15
106% Jan
202
3
3
2,600
7lVa : 72V+
49%
31%
*151
195
86%
89%
1207V
>
7
10
Dec
55%
r>:
101/3 Aug
$6
•
58'/4
194%
-
165
164%
Feb
61% Jan-
67/a Jan
8%
29,800
'
31%
179
:
48%'V
'
88 Va
-V' 88
89%
167
•/•v 34
152 '
49
194%
87
--34%/:
57%
175
.
31%
'/
•32
50%
*168
••.-•'47"
50
152
.m\
49
v,
4 194 Va
*49'A
175-/",
33%
:
1
50 Va
-
;
,.
X71% --72%
180 % 181
;-i
73
181
.
32
.
/:
;
45%
45V4
48 Va
*
57 %
-
154
154
49
68%
*118
-
t
V:
194%
89 >
27%
>•'-**
>
~
r
-
33%
45.
31%
-
'
i
-
49
27%
-69
"•
32
89 %
;
*118
31%
166
f:
;
"
32
39%
31%;:
31%
*168
~
-
88 Va
167%
-
-
194%
90
167%
175
50
57%
97
Jun
23%
•
.
Oct
22
•10
40
/v 44 Va
'
158
1
preferred—.
No par
preferred—par
56,200 //Am Bad & Stand San'jr—JVo par-
.
99%
44%
49 Va
*49%
-33%
17% Feb
Dec
80
Mar
•
128
11% Jan
Amer
37,500
36%
98%
33 Va
180 Va
50%
33%
21
'
*
36
39 Va
r
'
50
*168
;/ Jan
x41
3,300
// 186
99 %
-
/>V; 39%
39
72 y4
73
49
25
4,100
19%
36% /
35%
98%
•
*182
'
v
44'4
;
180%
180%
175
•
57
89%
*88%
I
«'
44 V2
44,41%'
49%
29
Jan
Dec
41%
Jan
99% Jan
280
17% "
19%
188
*182
987/a
.
•
32
33%
44 Va
72%
*154%
158
*49
49%
194% 194%
*154
,f
*33%
181
-33
-33%
57%
f
j
V 39
39
31%
50
31%
-
33
33 V*
*168
•
|
38
98 V4
v;
49%
•
49%
38%
49%
175
■
98%
181
;
Jan
136
4
Amer. Mach &
5,000
110% 111%
99 Va
99%
/
19%
19%
•: 182
35% -36%
36%
98%
71%
'
«,
49%
49%-.
31 %
•*
•
35%
99
.
57
2
1/
Amer. Mach A Metais.—
78%
171/4
t
•100'A
99%
182
^
-
:33Va
44 Z
71%
71
188
36%
44%
112
*110
19%
19%
19%
38%
■;
.-t
•
98 Va
44%
Jan
21
Jan
Oonv
7%:
720
771/2
.
'
35%
33 /
15% Aug
Jan
7,100
39%
4oya //
*l43»A 145 - ' •
40%
17%
100%
33
14
Jan
8.500
/
20%
17%
112 J/4
-
69%
30
8
American
"
17%
-
28
94%
,
'
—No par
200
39%
20
78 V*
100
*182
118%/'/'
39%
77%
390
,
24,700
42
•118
/ *143% .-145-':
110V4
188 :,/
43
...'
Jan
preferred-.
JOO
Amer„lnternatCorp_——.Nopaf
American Invest Co of Ill—if—1
5% conv'preferred^—.—
—50
:
1,200
.
soy®
20
80
18
-*182
20%
Feb
6 % non-cum
4,200
13 V4
39%
144
100
1
9
81 Va Jan
37
American
1,300
?.2;
15%
-
40
79
112
.
-
*40
41%
■'
143
-
78 Va
17%
38%
*180%
.
145
77%
09%
111
-
i
19%
111%
18 Va
17%
"
98%
i'*167
.38%
20%
111%
44%
\
39%
145
•
119
39%
19%
100 lA
98
38%
J
•*118
II8V4
39%
.
-
*49%
41%
118V4
99%
190 >:
36%
35%
4:.
,
%
111%
.k ioo
*182
■*,
j
19
'. ': ; *13
•
50 Ve
40%
19%
41-4-
39
78%
50
39%
120
*118
6%
46,200
17%
1'5%*
1?%
-
42 Va-
19%
17%
,!■"
41%
144
H-^77%;
79 77
18%
50
423/4
19%
15%
•50 y4
50
39%
39%
144
145 g
111%
ioo
.
161
Jan
.
Jan
196% Jan
American Home
4,500
103%;.'//
103 J/4
103%
15--
-13-./
41%
41%
40
19%
40 %
39%
> *144
?.
78%
13
.
102%
13
50
118
118
■»"
13
Dec
71
Aug:
28
/ Jan
121V* Jan
American Hide &
,
600
16%
15% !:-?46#p
f!
103
15% ; -15%.
-
43%
>/•// 4i%*.
41%
,
.
16Va
15%
102 y4
50
-50
•
118
>>117%
•
-i2%
43%
43%
15%
-12%
-15%
15%
12%
>
15%
lp2 15%
15%
14%
;v41
18
'
:-
112
112
Sep
/ll%
'■.'•
*100
102
•100
v102
*100
14%
14
14%.
14%
«
<
62/?; ■'
63'%
112
~
'
Thing——-1
Lines Inc
Export
Power
No
preferred—-,—^^-No
■/ 67 2d preferred A.*——No
$6 preferred-No
American Hawaiian SS Co—
11,600
,
.
'103
14
par*.
$7
3,600
,
35
Z/ 42% Jan
9
50
__100
No
Ino
Amer & Foreign
700
.
52%.
12 W 12%
/
,
i'
f
12%
110%
111%
110V4
53
*60
«3
63
*
"
12%
<
10
86% Jan
Dec
/' 140 ,/ Dec
Jan
37s
133
.
-l/:;
25 f
——100
No par
preferred
Cable
&
kncaustlc
American
7,300
•
113%
•
52%
53
12
53Va
53%
12V4
.
•111
112%
112
56Va
43% May
451/4 Jan 30
Dec
1047/tr Dec
:
•
„
Jan
,/ 23
Jan. 17
153% Jan
,
European Sees—--—No par
Amer
1,800
40 %
:1-.': 39%
39Va
39'A
■
113
113
63
108
"40%
39 Va
>
4'
124
124
.
conv
.American
19,500
45,100
12%
121/4
:
Fdy—
Si
non-cum
Chain
( 5%
1,500
20
:'
42%"'//
17
71
144% Feb
100
—
Car
3,800
10%
19%
12%
123%
-
41 «/4
//
41%
41%
12% .13'/a
422% 123
40%
54
12%
62%
108
107%
.if
J
19%
112
62%
12%
•
;
62
'
107% 107%
•
10 J/4
19%
'
11% Jan
9% Jan
.
30%
51%
29
65% Feb
preferred—
100.
American Chicle.
—..No par
210
600 // American Colortype
4 '/a %
preferred
50.;}
'
100
American Crystal 8ugar
10
2,000
6%
1st preferred
160
1
100
Amer Distilling Co stamped
20
4,500
107%/'/'/
50%
10%
10 J/4
}
;
7%
Am
20
V
15
Jan
No par j
Can^,
American
800
.
Jan
/ 35
21% Jan / 7
Radio Corp
&
Preferred
3,700
-
30%
P
"
26%;
69 ■%/:/; /
107
52%
50%,
r
*65
"
31
108 Va
10%
*53%
*53% I 54 % }
r
12%
12%
*59
•
39%
110
111
111
69
'
30%
20 %
12? Va
41»%
.
41%
>39%'
*66
'
<
146
31% Jan
*-—,.-50 -x
Co_
Shoe
American
•
»4,500"
Va,
Jan
131% Feb
,
par
preferred
Cable
Amer
500
39%-
113 Va
48 Va
'
5,400
151
26%
10%
13 Va
121%
119% ,120 Va
:
110% uo%
*53%
54%
26 Va
*1071/4
per share
•
Jan
Bosch -Corp—
Brake
5%%
22,000
142% 144
144%
26'/a
Am
V*
131
131 Va
"/• 39%
;
3,700
30
67 %;
',*147
*19%
11%
119% 119%
41- ;
55
/
20 -40%
20'%
39%
r
;
67 M
130 % ■,'
.
%
v
Dec
38 Va
2
American
98%
102%
78 /,'■ Jan
10' •";.•••". 6%' preferred—
-
202
200
151
144 V2
.
16
66%
10%
10%
20 %
/>,.■ 40%
-
55
56
9%
9%
20%
I
145%
*27%
28 Va '
*67 ■
71
31%
31%
107
107
'
31%
54%
55
54
j
55%
55%
♦-10%" 10%
'
16
No
Corp
Jan
6
15
8
1,900
*'•" /
56
Petroleum
20 Vs
58% Jan
y. 41
Jan
Agricultural ChemicalJVo par
American Airlines
5/ •;•/71 v.''-' Feb
36% Jan
itiirMCftu Banx Note-.j
.10 /
2,900
'
98
40
Highest
share
per
Jan-, 29
107% Feb
Ame»
8,800
135
98
*147
t
-55
51% Jan
pat
Portland Com
Amerada
1,000
;/86-i;H!?|l
"V
26 Va
!.
55
200.,,..
39%
4
=
38
*133
16 J/4
5
-130%
40 Va
148
144
;
27%
66 J/4
130
148
107% 107
107
106%
97
-
54 >/4
16
•
J
133
*199
(4/
67 Va
39%
70
31
>
31%
30%
-
,*78
26%
53%
16%
130
V
70'
73
*70
v
if 31% 3i%
| *107 7107%
80
99%
199
66%
28%
*27%
28%
*27%
28%
38
37%
'
74'A>
133
135
16 %
148% 148%
145%; 146%
-
72%
55%
per share
S
share
/f Lowest
104% Jan
:
100
No
Mfg
——100
No par
Amuigam Leather Co Inc
1
6% conv preferred-,
—50
1,100
",
73
38
V
per
Year 1945
Highest
/46% Jan
preferred
conv
Alpha
1,300
146
145
44%
27
98
,
71
.
S
No par
Corp__
preferred
<%
4,800
6,200
VM? 200
65% ./■■65%v^l;s
,
Stores
4%
Ahio-cinaimers
•/
44V4
*78
197'/a
10%
44%
/ 26%
133
.:
44 Vi "
80
•
40
39%
40%
39%
|i
16%
199 Va
199%
V
135
16%
•-,./>/•:
//•/
33%
10%
: 68/
*65 J/4
54%
*
33
AiHed
200
16,600
132
131%
"
144% 146 /
V\
26%
./:
•
55%;;;-
; 98%
99% V
•> 199 .- 199%
66% '67 ' ' '
Z'ZZ 131
132
•>1
.100 %
100
100.%
-
*78
>' 27
*133
;
17%
16V8
17%
17
i'
80
V
34
Ml
10%
'
/ 38%
38
*78%
135
73 Va
38
38
80
*133
133
133
;
1
.„
•
147
44%75%
-44
.
77
80
78%
V
44 V*
44'%
>
V 147
148
148
*80
t:
i
68
44%
•
11% ? rP;'llry'i life''
65 %,
65 % a
68 V
Par
9,600
'53
107
132 Ve
34
34%
34 %
35
11%
Lowest
•
Shares
52% '. 53 Va
53%'/
131%
133%
133%
51%
,'-*1061/4
107
52% 1
Range for Previous
Range Since January 1
STOCK
YORK
EXCHANGE
'
'51%
'
*105%
'
53% }
35
,
148
148
149
*148
Z
*65
68%
*65
•'<■
f
134 Va
132%
107 Va
.
53%
53%
>>>53
135
107
':■/ 50%
53 Va
50%
.
'
the Week
•v/: 9 per share
$ per share
NEW
Sales for
Feb. 8
Feb. 7
share
t per
107
*106%
34%
11%
11%
••
>
54%
53%
134%
53%
52%
54%
107%
54%
54%
Friday
Thursday
'
ib^y§'.per share.: '
share
*106%
53%
107%J
53%
no6
PRICES
Wednesday
Feb. G
.'.j,,/
Feb. 5
Feb. 4
Feb. 2
•
AND HIGH SALE
Tuesday
Monday
Saturday
Dec
110
Jan
>
•
.,/
'
-
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4463
163
NEW YORK STOCK
LOW
Monday ♦
Baturday
'
•
Z
■;
•
42T
1
•136
PRICES
Wednesday
Feb. 5
/
Friday^"
;/:
Thursday •/••;
<,
Feb. 7.
Feb. 6
,
Feb. 8
16%
ny«
42 t, l?
'
*42
.44
w
I
*136
:/ ;17%
■
per share
18%. ;.'V 17%-/ 18%
Sales for
1
.
.#32%
32' < 32Vi Z
30%
30%
31
22
.
36%
lllVa
158
30%
26%
113
158
i
30%
.
:
/.1.11 Mr55% ,56%
.
26 3/4
32%
*30y8
*110
'31%
.„
39.
158
'
56
56
112%
26 3/4
110
;
111%
.30%
373/4
-31 Ms
'
*38
31%.
;
303/s
*297/s
*110
,*110-111%/
'56%
56%,
.
>
-
/
21 %,
.138%
."-, 21%
Beech
40/
v
>•
38
38
30
.56
3Q%
•
.31%#32%;/
,
i:r;V
f112
"
563A
26s/s
26%r
#112
#159
159
;
37 Ma
■
...
/• '
55%
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.
38%.
.
26 Ve
31
55% / 55%
37%
37
26%
26 Vs
X1103/4
40
34%
34
34
35
46
45%
46 %
.
;•
25 y4
34 Ma
*45
Z#
<■
110%
i
74%. ;
74%
41%
253/8
75%
40%
243/4
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\
,
.75%
243/4
75%
38%
;
lil
75
.
40
#
t
v
35
.
35
35
V
35
35
45 Mi
V.'.'
45%
,/: ill
112%
31%
32%
30%
70%
69 M#
70
106%
lp6 /■•>:
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63%
39
'
52;
53%
•
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62
65
111%
12,700
/
10%
39
189-
/
.
543/4. ;//'
53
51%'.
52'%
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10%
;
;
:10%-
10%
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62
62
.
63;'
s
54%
:
Class
Borg-Warner
62
62
62
Co
95
##18%
•
18%
-31%
52
59
.
18%
52%
58 Mi
.
31
59
•
•75
*
1
•57%
38%
37%
38%
38
III1/2
38%
•110
111%
111 Ma
no
341/4
341/4
34
34 'A
34
37%.
37%
37
37%
37%
35 Ma
35%
22»/a
23Va
130
130
97 Mi
98
27%
#44
27%
27%
28 Mi
45 y4
43%
44%
.'44%:
45
44
.45
-
>110
111%
% 19%
19%
14%
14%
19%
14 '/a
14 %
«/45
543/4
/#:-12
36%
36 V4
46 Va
130
»
66
66 Mi
*65%
21
*20%
57
57 ;;
133
132%
133
37%
46Mi
130%-131
132'/a
56
58
,
22%
21%
;
68
•66
66%
:
56%
#
*
46
130%
483A
/' 48%
49%
49% / 49 Ma
323/4
31%
32%
31Ma #32%
31
80%
80%
•78 Mi
80 Ma
78
78%
10%
104
10 Va
10%
47%
47%
47
47%
z
78
Z
49%
31%
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59%
■
z? 1,100
.
20%
K
563/4
S
134%
51%
;
Z.
53%
801
59%
59%
59%
):
:
182
182"
753/4
-
*107%
108
160%
75%;,
108
25%
21 Mi
2ll/a
21%
28 Mi
28
28 Ma
12%
12%
123%
/
Z
21%
-
42
'
'41
32 3/8
33
34
49%
493/a
49
17
17 Ma
60
/
•
32
40
51
21%
21%
263/4
27 %
22%
41.
31%
*20 V*
:w
60%
17 Ma
25%
25%
103/4
15%
32%
,
Ma
32
*39%
W
10
40
?
•
.
3*
39
.
39%
150
■
114%
103
101 ',
.
20%
20%
♦20%
20%
20%
61%
62%
61 Mr
61%
62
16
(
KozMa-
17
15%
16
16 ;<:>
26%,
25%
25%
253/4
15
Z
16
15
—-15
32
32%.
%,
:15%
r-
32 Mi
39
,32
38%
30
363A
38
81^
80%
82
36"%,
80% ;81% :',Z
41%
433/a-
41%
42%
74%.
75 Mi
74%
75
>30%
37
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.'
38%
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.
383/«
v
37%;-
367/b
37%
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81 Ma!
81 Va
817/a
42%
433/s
41%
43%
;
/
-
753/*
75
36%
36%.
36%
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58
*66Vs
fM
66%
22/
21%:
:
233/4
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22%
24
13
-12%
AT.
136%
Z
139
116%
553/8
54 Va
32 Ma
136
32 Ma
55
32%
86%/
;
86 Ma
*83
110//
233A
23%
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•
71
54 /:
,
23%
703/4
71
'•
23
-x-v-'
70%
230
Z
105
J
112
-
;*105 i ;io9-0
111% 111 %
63%
100 Va
*57 Mi
:
04%
32 y2-
Class
.
...
-
:
V:
65
*105
111%
63y2
65
102
nooy8
*57%
58
57%
43%
44%
573/4
*154 / 156
footnotes
43%
59
155
see
'
59
59%
156
page
156
795,
102
60%
J56 ^
48%
1373/4
23%
24
T
70
>20O Z 230
?
,
59
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112
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z
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108
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102
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Ry
PQ%
.
•
84
so
67%
,
230
5
'Zz:
800
HI RR Co
1
preferred
"20
r
Chlckasha
Cotton
Chile
z
City
Clark
156
•
156
x
•
0.
C.
5%
5%
15
21
39 Mi Jan
120
Jan
/
2
22% Jart
3
93
Dec
59 8/a
Dec
15
35%
i-37% Jan 11
'
.
'V
36
Dec
112
Nov
Jan
35% Nov
Jan
123/4 Mar
Jan
120 '
26% Jan
v
Dec
July
233/4
23 Ve Feb
130
10%
!
40
Nov
20-%
Jan
128
Jan
Dec
Nov
25%
Dec
99% Jan
74%
Jan
97
Oct
28 Ve Feb
10
Jan
24%
Dec
3
45 Mi Feb
22 %
Jan
37%
Oct
37% Jan
•
/
3
21
30% Jan
/
Jart
22% Jan
4
18%
Jan
39%
Dec
42%
Dec
39%
Dec
45 Ma Jan
39% Jan 22/
29
43% Jan
3 >
2
46V2 Jan
»
14
'
18
Jan
109
Jan
30% Aug
203/e
14
.-Vs- 20
Jan
9
15% Jan
29
4
21.
90
3
Jan
# 24%
10.
24
105
Sep
111%
Jan
203/4
Dec
7 Mi Mar
15%
Nov
Nov
137/b
Z
8
77 Va
Aug
95
9
59 Mi Mar
81
14s/8
273/4
1093/4 Jan
-
3
9 Ma Jan
Jan / 3.
/99% Jan
•
94 Mi Jan
3
.
Apr
91% J ah
'/15.
Jan
Jan
29
28
27%
/
39
Jan
z
"
6%
20
Jan
48%
11
52
Nov
Feb
Nov#
45%
Oct
128%
Dec
56
Dec
Jan
20%
Dec
Jan
72
Nov
/,
Jan
116 3/i
21
56
Oct
Jan
135
32
Mar
49
21
Jan
33%
Nov
59% Aug
>
82 Ma
Nov
.
Jan
Jan
152 /
Jan
473/4
Jan
37%
10
18%
z
Dec
48%
Dec
Jan
Nov
Z Jutt /
159
Jan
Dec
25%
Dec#:
Jan
21%
Sep
20% Apr
4% Jan
11% Nov
31%
Dec /
113/4 Dec 1
13% Nov ;Z
Jan
10%
Apr
20% Jun
Mar
40 V Nov
25
115% Feb Z
10%
Jan
32%
Jan
50%
Dec
16%
Dec
7
z
Jan
108
Nov
180
21% Mar
31
33
28 y2
Jan
1083/4
Z 41
Oct
112
Jan
1073/4
Jan
111
Jan 11
Jan
2
14%
6
18 Mi Jan
23 (
28;
55 :
47s/8 Mar.
26Mb Jan
Z
15 Mi
57/8
24
p. 15 y2
Oct
Oct
28
66%
17
25%v'.jan$
75y2 Jan*
54
8".
> -
Jun
34% Jun
Z 27
1: Dec
'
82 3A Jan
43% Jan
Jun
12%
Jan
24 Ve
Oct Z
26
Jan
8
29
24
Dec
Dec /
>12% Jun
Jan
Jan
33 Ma Jan
Nov
58%
Jan
38 Mi 0ah
Dec
'
22
C/'a Mar
17%, Jan 25
43
Oct
15
Jan
21
Sep
17
51 Mi Jan
114
/
Dec
33
Jan
#
66% Dec Z"
110
109%
43
i
Deo
711
Jan
14%
Dec
175
104% May
127
Nov
"
^r;
5%
351/8
-■ ■
-
Dec
Mar
:
1
32%
,
■I>At:V:v Jan-z
103/4
Apr'
-Dec
9%
Mar
113%
4
Apr
31
:
Dec
56 *
/
/.
Feb
Nov
43
52 Mi Sep
#1% Jan
Dec
Dec
Dec
101%
22% Mar
par
Nov
& 7%
Aug
7
36
Dec
/ Oct
110
Jan
87
7
109
*
Jan
1053/4 July
33/e Jan
6
34% Jan
2
-U:>- 33% Jan 21 ■'
& St.
33 '■/■ Dec#
74",/ Nov
49%
Jun
66
Dec
37%
-Jan
Ilium
gtd
4%
Dec
4
65
J
Deo
Jan
x23
Dec
Oct
z
Dec#;:
15 Z Dec
48
Jan
23
42% Jan
an" "2
26
99Ve Jan
z
Dec: 4
5
203/a
Jan
i
31
Jan
i
98
Jan
105
Jun
243/4 Jan
8
Jan
25
Nov
18
Jan
Z 72
Jan
8
Feb
93
#49
108
#89.
109%
113% jan 10
'
Jan
30
68 %
%
Feb
205
Dec
Jan
105
May
115
Jan
106%
Nov
noy2
Oct
68% Nov
Aj)r<
3
100% Jan
10
93 y2
Jan
100
Jun
56% Jan
7
57 Va Jan'
5
53%
Jan
59
Nov
37% Jan
4
44 % Feb
4
34 Ve
Jan
413/4
,35%
Jan
140
Apr
100
Jan
2
152% Jan
52
2
60 Mi Jan
156
Jan
5
16
:
>
Dec
Jan
,44
7
108 % Jart 24
Dec
par
No par
,
# Aug
i
66
2
107 zJan
58
11
-
50
No
?
;
Nov
140% Dec
Jan
33
86% Feb
;
107
111% Jan 31
57% Jan
27
_50
gtd
:
01 %
170
105
Jan
29% Jan
100
:
64
71% Jan
z
3
Jan
59%
Jan
4%' Jan
15
3
100
stock
Cluett Peabody & Co,
Preferred
56% Jan
Jan
1
3
-
z/16y.
30
Feb
■
15%
6.
Jan
114
3
par
No par "
(The)
7%
Jan
141
100
RR Co
49
.
par
$4.50 pfd«
Molybdenum
8
3
5
—
11
Jan
1
100
Bronze Co
Pitts
/Special
Climax
22% Jan
No par
No
,2
•15
par
-No par
—
49
/ 54
17:
25y« Jan
f
e
preferred
Clev &
67 3/i Jan
_25
jvo
#19% Jan
6
#59% JamzltJ
seriesIIlOOZ
4%
Louis Ry. Co..
preferred
Z 37% Jan
I10
'
2,300'-x 50
3
80
40 Mi Mar
106
35 Mi Jan
18
18% Jan
18
28
31
7
34% J.an
Jan
39% Jan
4
:36% Jan
■
59
1113/4 Jan
-
9.
50
Oil
Equipment
Clev Graph
20
Nov
No parC
Corp
preferred
Stores
1,700
20
52%
No par
No par
City Ice A Fuel—
City Investing Co
65 »/4
16,000
373/b Mar
No par
40
No
C I T Financial
65 Ml
.;
28
Jan
62 Ma Jan
Copper Co—
Clev EI
Z
5 3 Mi Jan
No par
Co
-;200
102
Dec
3
—100
Tool.;
Chicago Yellow Cab-^-i
108
*50#8
58
42%N 42%'
58 %
58%
193/s
u—50
cum
111%
.108%
10% Mar
No par
RR Co
?3 pf ($2.50)
conv preferred.—:
div
111%
*108
Dec
47
ion
wl
Nov
8
1
-
59%
37%
Jan
Mar#'
1
----^-1
A
Jun
Feb
par
>■
Oct
Nov
103/4
19% Jan
5
O.
•
/ 85
No par
,
45%
55
3
—20
Products-.
Apr
Apr
Apr
17%
par
.
Dec
Dec
Dec
,5 Mi
42 Mi
Z
8
or
■
5Vs%
4.000
Jan
191
36 Mi
100
No
Corp
Cinn G & E Co pfd
3,309
Z;-;.'Z
34% Jan ■9
33 %
..
.
___5
Chrysler
12,200
#' 24% zz;
X100
43%
158
Ohio
,
East
108
Z
56%- "56%
59
100/
55 Ma
62
4
No par
110'
*65
•
112
66
24
*200
42
1»
'z
230
59
43
*106
-
.
3
6
Jan
"
8,800
32
32
*82 y4
83
44%
*57
Z
;
17
23
67%
40 Ma
21
Jan
Co
/
116
54%
32%
110
*105
108
111% •
-*65%
66 Z
# *100 <108%
*100% 102
.♦1B4
82%
inc
•
23% Z24#'#".
z
111%
*113
55
32 %
;
,
*47%t?40 f!
137
137%
z;
116
54
♦
V
14%
;
x48 Ma
iZ
110
*105
r
22 •
*113
837/8 T 837/8
70
-
23%
:
Jan
113/8 Jan
par
A—1
class
Co
Chicago Pneumat
*66% i66% Z i Z-Z 210 Z
# 23 •/?," 23 Z'Z## Zkv 500 r
*21% #22%
.
"2,100
14%Z,1S
/
8,300
100
54% Jan
56
Dec
Jan
6
Chic Milw St Pl' P vtC-
5%
2,300
66% z>,
•zZ 13%
54% # 54%#
'Zf 32% '■ 323A
ZZ/
5,300
?30%'f37'#'1 ;
#57% Z z.
.
4
3/
% Apr
24% July
114
—100
-
^
14
ZXSeries A preferred—
.100:
Chicago & Northwest'n w i__JSo par
66 Mi
138%
# *106
12,800
11,200
-
,75%
,*55Z;
*23
# 22
Z Z
571/4
44%
58 Mi
1083/4
:
116%
/
43
75 Ma
c
190 % Jan
No par
Co
'
"
57%vr,
r
•
136%
108
112%
23%-
23%
*113%
70%
230
*100 Ve
100 Ma
44
For
70
V
85
no1
*108
*108
57%
-..
/
66%
# :22 v'1?,22%
#
12 % ,13'/a
49
- 49
-
33 •>■;.-
23% -;23%
<
81
Dec
52
z<
—10
5% preferred
Chicago Mail Order
700
28,500
/;
109
12
14
No
Chicago Great West
4,300
'
■
37'A
.
,
Ry
Corp
Chic &
*56 Ma Z
58%
r
■
Z
116%
54%
1083/4
1083/4
43%'
'
*200
.
65
Z
230
'
*190
85
*106
Ma
*iiiy4
*108
z
v
12%
138
32%
110
>190
105"
-
36%
373/4 "
\
-66%,
'
*85
•s
24
48
*113%
55 Mi
32 Ve
•f
-
47
'•
-37
*57
.
*22-%:#22%
*45
*113%
.
66%
% 12%
140
.
58
47
a
139
,
66%
23%
;
?;43
58
66%
*113% 116%
s
k
"
743/4 ;,75%
37J/4 37%
13
/,/ 13
r
41%.
,
m
22?
.-
23%
'', 81 Ma
;
58"
Z *56
67 /«
/,/ 23%
V
75
36%
Feb
17
Jan
Chesapeake & Ohio Ryi—
'
37 Ml
95
Jan
68
40y4 Jan
Champion Pap & Fib Co
No par
$4.50
preferred
No par
Checker .Cab«Mfg .
'
Chesapeake Corp of Va.—
6,600
•• •
Dec
Ry_Z<Z -ay
preferred
7,900
11,300
'39
.
500
V./!.
78
comnion-^5
Chatt Belt Co—..---i-
400
17,300
25%-
163/4
(
10
,
Jan
50
.9% prior prflferrftd
1,400
114%
•1Q1
;
253/4
18 ■
!.;•#
*112
105
/j
&
Steel
Certain-teed
'
50
/
V 1,800
393A.
,
49V2
112
47% Jan
m
100
Packing——jyo
Central Aguirre Assoc
Central Foundry OA
30
113
613/a
16
50
1,200
17%
9
ICOnt RR of New Jersey
-100
Central Violeta Sugar Co--.—
Century Ribbon Mills—1
No par
Cerro de Pasco Copper.
No par
2,000
*109 %}-110
Dec
Central Hudson G & E Corp.JVo
par
Central 111 Lt 4%% preferred-lOO
-10,500
17,300
-
113
20%
5
16%
17%
50.
'
3,000
*
32
49%
•101
114%
1013/4 101%
203A
605/a
32
5%
5,300
'#■41/41##S
*109 V4 110
x39 %
213/4
2Q%
34%
Corp'
•:.z^___z;;-..„in :
preferred —w-—50
Celotex
19,800
^
/12%-... 13 t-Z;
•115%. 117 <
'
50
16%
„,
39%
51
.
,
49
17%;
39
50Ma
.
,
•
Apr
$4.75 1st preferred-j.i«—^0 par
1% 2d preferred———.^—100
4,400
,i3;c /: 13%
17%
s
Jan
No par
Dec
6
28
3
32% Jan
—No par
».
i
..
Celanese Corp of Amer-ii.:;
8,400
";
)
/109
Preferred
ZXZ'#: ■ inn
Caterpillar TractorNo par
1,740
27%
25
\x
5
Case (J I) -co...;?
100
160%
'
423/4
xl08 V2 Mar
Dec
73 Mi Jan
3-
.
Jan
Nov
Jan
108
7
Jan
18 ya
155
33% Jan
28
Jan
23
Jan
»
16% Jan
«ar
No par
Mills—
220 '
21%.
*31%
109%
109 %.
*113
i
153/4
.
#17
,
n
50%
:
16 Ma
25 Ma
32Mf
50%
25%
16%
25 V4
393/4
49
17%
160
243/4
41
33%
50%
16%
114Ma
>20%
32%
49%
*109% 111
*107 Mr 107%
•
24%
46% Jan
113
Preferred 4 %
series..
^..—50
Carriers & General corp..;....-...
5,100
8,800
!
160%
*213A
Z
33 Ve
,
3A
>100% 107/;
15% ■V 15%
#
•
41
63%
i/12%r;vl3%12%
13
*115% 117
..
-
23
41
743/4
62 Mi
21%
-
-
13%.
13%
117
22%?
74%
Jan
100
Administration
4%%
170
24 Mt
*
42%;,. Z;
33%
40%-
50%
•113
ii4y»
163/ft
^
'
40
;
100 V 100
21
/
•20 Mr
60%
'// 60%
K4.
*115 Mi
223A
'
/41
/
♦109 Mi 113
50%
50%
•113
117
22%
74%
,
3
108Jan
&. Zincz.
preferred
Carrier
4,300
z
k
64
'
17 3A
17%
109'A 109'A
-
13%C
183
Copper
Carpenter
<
3,500
'•
Dec
100
preferred-—^
$3 preferred A
Carolina Clinch &
1,500
.
:
160%
25
12%
13%,
*115
?;
22%
32%
41
28
"13%
183
* 107 % 108 <
21%
27%
12%
42
41
21%
28%
' 12%
/
41
49
21%
28
117
22%
243A
21%
13
10
46%#
;46%
32%
383/i Jan
Canada Dry Ginger'Ale
$4.25 preferred
700
26%
25%
•
9%
#
.
61%
•
160%
*160
161%
25%
12%
12%
*115
117/
21%
.
160
25%
,
108
*107%
160%
47
183
73%
74%:> 75%
64
teVa
107%; 107%
•/•
64 Ve
25
>115
*181
75
160%
12 5/8
183
101
:
*181
182
64%
>107%
'
12%
46
64 V*
28
V
10
47
76
21J/a
,
10%
46%,
75
i-
161
25
10%:
47 Mi
64
753/4
65 ye
/://64%z
.
181
182
181
;
10%
10
47
://
Jan
/
Cannon
'
:/
20 M»
# 32% Jan 29
Capital
,
200
8,400
ZZ
8
4
Southern
Canadian Pacific
1.4,900
Z
•
'•
35% Feb
;72
:
5
u
Canada
1,000
>.s'
31%-'*-31%
*77
80
59%
-
»> '.ft20
*133%
8
Jan
Zinc-Lead
_1
Calumet & Hecla Cons
Copper—
5
Campbell W & C Fdy_^
No par
63,300
•56
Dec
Callahan
Z/z 250
*20
51 Ms
31%
"30%
79
59
.60
66;■•;. 66,
,
*133%- 134%
49%?~50-
48%
66%
25 Mb
2
California
2,100s
%
Jan
25!/4 Jan
zZ 5%
660
21%
13 Ma
30% Jan
par
Participating preferred
48,700
20% Z
*56
133%
21%
4
48
par
,
Byers Go (A M)—
3,700
131 i
56%
•56
25% Feb
'56Ma Jan
No par
Bytott.Jackson cut
>100
-f
46
-
Dec
21
75MiJan
4%%
7,700
z
38
T ' 'A7).''7^i
par
5
Terminal——
Butte
-73,300
50%
20%
56%
133
132%
*59
66
20%v. 21
*
20%
y
453A
55%?#?;
-63/4 ;>
12 y^.*
#Z37/Z'/37% *
21%
32%
60
12',
58
21%
132
.
61/2 *
130%
130%
56
22%
'
55%
72%
Jan
8s/8 Jan
Butler
600
■
■
56
213/4
66%
>50 Ma ■S 57.3/4
/■
45%
-
47
130
20%
'
V
57
59%
12
47% Z
■■
.45% *
55% '
6%
12%
37%*#
0%
37%
37
47
46%
551/2
130
20%
56 Ve
12%
44%
55
6%
12%
Jan
23
13% Jan
350
34%
48
1
10O
108 Ms
34%
•55
67 Ma
21
*
46 y« '
,"55 •
6%-.
.
.6%
12% Z
37 y4 'Z
40%
22%
22
44%*
•/'
55
108
127
6
6% preferred
100
Bush Term Bldg 7%
preferred—100
Bros common
10
:
4,300
17,500
8,30.0
;
33%'; 34%;
.
Bush
570
/
111<,
9%
9
34
'
53 Ma
-53%
54%
22 ye
•109
109
34
36%
//■•
463/4
130%
'
.
111
108
12Ve
36 Ma
36%
463/4
m
90 (■:
7
29
41 Vz Jan
common—1
Burroughs Adding Mach
.
90.
29%
351/2
'
12%
21%
88%
29
105%
54%
;i:7ZZ
123/8
6%
5r
89Mi
,-;>9z Z Z9%iZ
32%
34%
# 45% t) 46%
"Z
47%
45%
Z/ 54%
6,300
92%; 94 Ms
Jan
77% Jan
2
Co. Inez
Pleferred
t.
17,900
14%
161
:
Vc!
19%
Dec
2
44'/4 Jan
;/;
_JVo par
Co
Burlington Mills. Corp
14%
Dec
983/a
,Z.
2
1.79
Forge Co-—L
Watch
Dec
28%
Jan
10
NO
Bulova
35%
Aug
35% Jan
No
Wheei-
Bullard
Aug
17
5
62
No par'
15
t
Dec
22%
36% Jan
100
Mfg
3,000
;.S/
30 Mi
.'32'/4
35 Mi '
111%
87.
109
9%
G)
Nov
30
65
533/4 Jan
No
Dec
63
Jan
6
110M> Jan
*
109%
Jan
19%
17
2.50
new___
Sep
47%
14
,—100
$5 preferred ———.t
Budd
Buffa]o
19%
'
.
No
New
9,400
29%
,
105
55
*128% ,130
95
31
'46%
//' 54
•93
109
91/8
/:46%
Z#
14% Z
'31 «/8
109
6% /,,7':-%
12
14
i s 90
31
31%'
..
19%
14%
89
.
#
:
43
•108%
19%
imim
42%
X42Mi
19%
v
/;/
par
preferred..
7,400
900
t'41%
Co
No
103%
•
40% Jan
7
'
2
28 Ve Jan
4
^
17
11334 Jan
Jan
i
6
Jan
31% Jan
3
67
par
Jan
58
2. j
-Ol#
93% Jan
104% Jan
par
preferred——
(a.
1,400
109 Mi 111 Ma
1111/2
19%
35%
-Z
:v>54;
r"
'110
14%
7%
Budd
:
42 %
43%
19%
250
:
'
112
3
Jan/ 7
2
—100
Bruns-Balke-Collender^
Bucyrus-Erl* Co—.—£
10.4Q0
1,180
%
25%
Dec
3
1
•"
«
Brown: Shoe.Co
13,200
J
43
1'11%
i
Nov
35
38% Jan
.-^_5 //
Brooklyn Union Gas—
43'/2
42%
103%
103%
43 Mi
45
42 Ms
9%
•35
24%
.
/
22%
127
Dec
29 Ma
Aug
30
lo-
1,300
2,300"
43 Mt
43
•110
36
.
27%
42% >43/Z
111
# 31%
27%
43 Ma
•44
31'A
9
28
fe 44
42"%
94
•109
$
99%
.
44
•92
95
31
98
/ 98%"
-
38
•125
25 Mt
421/2
44
94
& 126M2
25
25%
?
—5
3,006
:
37%
Z 22%
Bristol-Myers
33/4%
24 M2
May
18
29% Jan
Corp—
i
190
34%
37
.
43Vi
,41%. 42%
•92
22%
125
130
96%
42"
37-
22 %
35%
23
•251/4
27%
# 44
30
35%
97
-
36%
2,700
-»
111%
Jan
12%
109 y2 Jan
No
Briggs1 ManufacturiugBrlggs & Stratton
j
900
38%
.
34i/4
v
7,500-
\ 58#
;
38Mi
34Mi.
:
12 Mb
22 Ve Jan
Braniff Airwkys In6^^^
1—2.5Q'
Brewing Corp. of America—,-—15 J,
Bridgeport Brass Co
No par
9,600
521/4
•IIO1/2
36%
128
26
•50
38
371/2
25%
51%
:■?
•
111
111
34Mt
22%
231%
130
•
-34%
26%
25%
97
36 $
351/2
.22%
•128
51%
57%
37%
38
111%
18% ; 19%
18 Ml
'51%
57
58
10,200
/
,
88
18%
18%
52 ZZ 52%
58
30%
30
95
30%
•80
95
18%
52%
52
;
30%
•82
18%
31%
.
28
5
(The)—
/
31 '
,
*86
23% Jan
Dec
Dec
Dec
33'/a Jan
(assented)-100
Bower Roller
Bearing Co
100
17%
42
136
.
69'/2 Jan
Boston & Maine RR
Borden
Jan
;
Aug
28
-149% Jan
/:
par
No
1,800
10%
35
114
10Q
#
3,70a
9,100
-
15
29
No par
preferred
51%/ 52%//
,
5
B—
10%
•v/:
-
No
Bond Stores Inc common
'.4%%
Jan
15 Jan
per share
25
28
100
Blumenthal & CO preferred
3,4Q0
v
;
t
35% Jan
31 % Jan
No par
No par
100
■
43
139
3
52 Mi Jan
..1:
Airplane Co—
Bohn Aluminum & Biass
Bon Amt Co class A„
i,
54 y4
543/4
*60
64
•
>179
—
Highest
,
Apr
5
7
.
10834 Jan - 4
No par
Boeing
90
9%
333/a Jan
—Jan
Bloomingdale Brothers
1,400
>
share
per
8
3
u
par
Bliss &■ Laughlin Inc
310
18?'8 Jan
<
3
/
Black & Decker
Mfg Co
Blaw-Knox Co—
1,000
/
!■
107
38%
39
' 189
/.
V
54 Ve
6,100
# 14,000
70///
*106%
64%
38%
f *179
-
,70
■
107
51 Ma-
-
'
70 Ms
*64
j*
39
184
30s/a
313/4
900
•
:.
■
100
No
Bigelow-Sanf Carp Inc
/:///l,500
31%
:
54 MB
52
*60
45Ma
■
,
113
:
/
107
.
65
38 Ml'
54 %
10%
;
70
.
106
,
*175
186
51
.
7i....
v
-
106
•
54
10%
•60
71
64%
"/ 39%/ f
52%
53
.
31 Ve
100%
643/4
*180.
;//
..113..:./ # *111
v#
32%
31
.113
,
!;
J
39
39
>178: t 186
V
; •
31%
.69%
*104 Mi
' 35Mt
46
,.45%
-
#;,//
75
253/8
111%
25 y4
41 Mi
*44%
41%
24%
74
35%
41
25 3/8
41%
X24%
75%
41% :
•24 3/8
:/•:
40% ;
;<
/.V.::.45%,-. 45%. /
:
; 74% ',75%
75%
41
25%,
■
243/4
share
25% Jan
10
preferred—
Best Foods
per
Lowest
26% Jan
Corp
Bethlehem Steel (Del)
7% preferred.
900
,
20% Jan
——
7,400
18,700
$
3
39'/a Jan
127
Jan
Aviation—Beneficial Indus Loan
Best' & Co—
■
1,800
26%
50 1.
Bendix
3,300
,
112% /
162 / '
:
*160
161.-
160
3,400
/
31 Mi
37
Aircraft
4%%
14% Jan
20
Year l!)45
Highest
$ per share
-No par
Beil^ HoWe11 Co
10
7/
30%
/
■
-
Bell
600
113
111%. 113%
/113%
159%'
29%
•111-';
RR—
Lowest
■■
...^17.#
Corp_«^
Belding-Hemlnway
-i/ 8,000
32%
29%
113
55 M»
38 Mb
32 >/8
■/..
29%'/ 30"//
& *111
.
■>;303/^.v31v/:.
.
38%-
•157
33r/a
30»/4
/
.112
;
,
26
26%
111%. 113
158
;32J/4v
.
/*
.
-
Creek
Par
Beech-Nilt Packing Co-w^-;
1,400
>
Aircraft
Beectt
100
.
Range Since January 1
-//.#,.;../■/
//#•
15,200
#>41%#/43.1://#
/ 138 Va
.
Range for Previous
STOCK
Shares
18 %
-
■//
STOCKS
NEW YORK
r
EXCHANGE
'
:
:
the Week
„.,-/.
per share
18%
*138
140 Mi
22% ' #///• 21 %'■/': 21%/f:
.139%
.*138
,
$
•
;43n-##43 -m :;;#>4l%'# 43
44///,,
.140
#,#>22 #// 22 %/■/•
22%
223/8
16% *"16%
*42! #
140
:c
thari ■/;/;/' $
# per:
$ per Mare
.
17J/a
*135
139
22%;>,22 %'//
■.;;
RECORD
#//;,//
'
perzshareV. Vz># per share:
.>1 "!.i7
SALE
HIGH
Tuesday
;
4.;#
Feb.
V'.
:•#;;#/,■ Feb. 2
AND
53%
155
pan
Oct
Dec
FINANCIAL CHRONICLE
THE COMMERCIAL &
,-
•-.,•••
.•I.
Feb. 2
;;
179% 181
•:
65 %
65
ia
50%
50
105
39%
35%
•34 74
•33%
35
104%
29%
I
*114 ■' 116%
53%
5274
116%
52%
52%
35%
44%
52%
52%
*35%
44 %
a
35%
35%
y
35%
'
36
109 % ;109 y*
109'A
.35%
44
lOi/a
357a
35%
46 %
747%::
3078
35
36 y8
47 y4
35
43%
114%
44%
43%
42%
42%
:ll3l/a
114%
47%
14%
i:;
15%
107
*105
*105
•
4- 46
,*112'A
112%
♦ii2y2
16%
16%
16 5 8
61%
62%
62%
*111
-•111'?:'; 112%
15%
16%
6174
62
.
'V'*2374
23%
23 y4
23%;
37%
38'A
38%
.
,
7/ 30
;:f:54!i^
•a:
54
18
-
55
23
22
*55 .7
/
57
26%
*£■ 26
V 65%
25%"
66
4 *65%.
62
♦lub'A
/ 202
t,
12v./
li.%
,7 25%
'J
:
;
*57
a
:
*52
If-
'
r
56%
7- *56%
31
: *113
116
42%
43
27%
28
f
v;i
:;-.a
48%-;
102
*100%
;•
;
•
28 %
■*165
:
41%
41%
51
*49
••'•'•-75; a:
11%
Ji
145
53%
467a
71| Jan
89
Jan
40^8
48 34
7 49%
■/;; 1574-'
49%
1574
14%
26%
•35
34
108
Jan
1
2
26%
7-
;:*-74»/a-
•74
34%
34
53
Jan
29
22 ;
48
106
Jan
"10' £■
4a
49 y4
31%
•
P? *3iy4
99%
3174
*99
4474
49%
%
7
110
*105%
109 Vb
•
3174
44%
7*4*
3174
o
10174
99%
Sep
44%
28
1
—
'
„
*277/
35 Vz
35%
.
.48/
1474/
2674
80
15%
i
•
1474
27
/'
Electric
Trust
-
a
,-
8
common..l«^.....M.M.25
7
Zelierbach
a..Nw put
i.fl
Corp..
No par
preferredw—77*,'...No;pair';a
$4 2nd
No par
o| Amer
Bteei
preferred
preferred
1
100
100
10
100
preferred.^..^—
30
.—-100
preferred
Sugar
'4'%
—
Press
Cunningham
Drug Stores lnc__2.50
Curtis Pub Co
Glass
:a;,jgp par
;
No par
I
1
preferred
Cur tiss-Wright
7
No par
(The)
$7
Prior
3
lnc___
-
—
A———.1 -•-''
Cushman's Sons Inc 7%
pfd
Cutler-Bammer Inc
100
No par
s
Davega Stores Corp, N Y.
\
uavioun
1
Dayton Pow & Lt 4%% pfd
cnemlcal
Corp
23% Jan
5
uhej
3
14
25
;
Deere
2
56% Jan 17
5
Jan
45
—1
...
49% Feb
8
4074 Feb
5
4274 Jan
8t Co—————No par
37% Jan
<....20
11
3074 Jan
4
37% Feb
4374 Jan
3
50 % Jan
16% Jan
16
;
33%
4.
13% Jan
75
4
7% Mar
21
Jan
67
27% Feb ; 8
Jan 14
Jan
Jan
.
28
3
Jah
14
Jan
25
20
'.-.■.fc- 7 1 Detroit Hillsdale & 8 W RR Co—100
Devoe & Raynolds A new—^-12.50
4,700
Detroit Edison
Sep
34 % Aug
22
Aug
34% Jan
29
Delsel-Wemmer-Gllbert
Jan
,33
Jan
3974 Mar
*
10
E!1 Delaware & Hudson
—»—100
/ Delaware Lack & Western——50
16.900
22,000
78 h
33%:
Decca Records Inc—,
/ -'•;;■ Preferred
Dec
16'A
4
4
29
/
27'A
108%
Feb
2874 Feb
■13-1
Jan
111% Jan
1
100
8.200
-
;'■■■:
15
18
100
eierred
pi
Cuneo
1,400
'
8
Jan
20
Co
10
1.300
27/A
*74
3374
33%
18% Feb
63
No par
.......9
50
Corp
1
Cudahy Packing Co
16,000
■
47 Vz 1.49.
<
27
M /y; 1*74%/
:
series
Cuban-American
2,300
,v
40
10
48% Feb
6
113% Jan 15
J
40
1
109% Jan
,
No pa*.
No pa'
900
>.
48% 149%
36
Del
4,800
:
52% 152%;1
40
4674
of
$4.20 preferred
5%
„L
28%
12
Motors—
Oil
Cuba RR 6%
1,800
27SA
49
357a
15% Jan
10
pref erred
—
100
Corp (The)!——2
Crucible
1,400
161,800
■
Co
Crown
v,
a a
15,700
'
•
113%
4674
4974
$2
v
a
160
v:
7
28
;
7%
•
8
,
Jan
45
5
Diamond Fibre
Jan
9
Crosley Corp (The).__._No par
Crown Cork & Seal
~JNopar
•
1,700
.
r
47
20
—
5
Jan
114% Feb
No par
Bank
Exch
374%
0?
-•
,
38
100
par
Inc
Feb
33% Jan 17
Cream of Wheat
>: 6,200
•
Can
pref 5%
Crane
7
600
300
llf50O
:x *113
pfd
Coty
300
50
48
1
—No par
Coty Internet Corp^...—
600
200
r
<!fb.V
m 27%
13
Gas
pid
Preferred
.
,'
4C'J
*47% OQft.f
*3974
;
.44%
10074
: 50
7
•44
44%
900
3
35% Jan 28
7
44% Feb
8
*4U %// 48 %
>), *48
100
49 Ve Feb
4
40%
Jan
r,3138
yV? 30%
;
94%
30
98 y2
3174
92
102
405%
109'A
109%
*46 %
48 y2
*105','8
5474
55%
:■
2974
29 74
>> 29%
28 V2
77/96'A
2874
6%
•
55
-':-7 7 55 77
55
55
29%
30 7
29%
29%
27%
96
28%
7:
C
*165Va
16174
*115
116%
•
30
165
29%
34% Jan
14
16%
Jan
200
--
Distil
35
Jan
29
38
Jan
P 98
Dec
105
Jan
109
Mar
-
<
164
"...
117
129%
130
*129
*11574
117
*115%
';"
.3074
*114
29%
38 7
7
9 ■
-.3674
95%
i
.
55%
5%
12,500
28%
29 y«
94%n.95
17% Mar
50
164
162 V4
163%
116%
116%
27%
28%
37
%
200 V!
12974
130
116%
1167'2
116%
,V
Dec
47
56
75
;
25%
36%
130
130
116
'
"»
,1s*
116%
,130 .:
120%
129%
.
117%
116
1,700
,117%
Dec
"
2474
23'A
23%
23%
23'", b /ly,
23 "2
23%
102%
104%
23%/ 27fey
38
-.
254
196
196
'
25374
'
38
254
197!
f'
107
38%
y 38
38'A
254
108'A
*107
197
105
107
38
38%
253
19774
*
/
<
38
256
256
19774
106
-y
38
38%
71
70%
*69%
.
-■
*31
.
*.109 %
38%
,*112
7
70
31
30%
31%
*10./ '/a
IOJV2
307/a
*109%
109%
*109 VB
3774
*112
.
3774
114
71
71
37%
*112
109'A
38
114
.
;
37%
*112
38%
114
14%
1474
14 %
13%
14 Ve
77%
77%
78
79
78
80%
80
19774; <' ../
24%
24%
257a
2674
27%
26
27
7
7'4
7'A
7
"
for.f-toifln
14
7
see
14%
7%
page
795.
7
1374
7%
4
„
.
^
30
30
*109%
lull %
37;A
*J.12
56 74 Jan
31
Feb
4
2974 Feb
6
Feb
4
:i
16974 Jan
15
<
30
Jan
25
25% Jan
90 Vz Jan
99 r
21
7
'
P"
.
r."
y
7
3%
> 26
'7
v2
37%,
y
30
y- yy
4.
31
Jan
'
Jan
128% Jan
114
Jan-
.
17 <
4
Jan
29
28
204
Feb-
2
7%
/
■
22.100
18,300
Dec
34%
Dec
; Jan
8
i12574
Jan
129
116% Feb
5
113"
Oct
117/
132
r
'
Oct
Feb
Mar
r *
••
•
'
20% Jan
3
24'A Jan
18
13 •*-'
102% Feb
7
123% Jan
9
39%
Jan
30 % Jan
2
38'A Feb
2
18%
Jan
8
256
Feb
21%
Jan
5
No pat
191
Jan
8
199
Jan
19
185
64
Jan
2
71
Feb
2
49
29% Feb
8
32% Jan
5
V 3374 Jan
3
39 3A Jan
10
*
Jan
200
'
Jan
11174 Jan
4
112% Feb
1
106
167a Jan
23
Dec
Dec
3574
229
24
.100
.1
5
134
Nov
Dec
30
108% Jan
Jan
July
170
f222
.
4V2%
Electric
r'
30%
192%
Corp—3
Kodak
Co.__
preferred
;
Elastic Stop Nut Co
:
EJecirlc Auto-Lite
(The)
3,400
26% :/:■
Stainless Steel
Dec
Jan
1
:
inc
Oct
Jun
113
;>J- 20% Aug.
p155
Dec
-
335/a
Apr.
—l(f
Co
Airlines
183
Jan
3874 Jan
25 > Jan
1—1*.
International.—
Ekco Products Co
-
9,200
79
115
27
100
4
Edison Bros Stores Inc com new—1
4 'A %
preferred
.—.100
1,500
—
14
167%
Jan
111% Dec
r"' 12
Mar
Eastman
;
114
Jan
llOVi
28
115
100% Dec
12274
108'A Feb
-Jx
en cum preferred
•'nron Manufacturing Co
/ 1,700
109
Mar
-50c
Eastern
900
29"A /-/-
r 65
—100
«m>.
140
y.-./;-';
Nov
•i
Eagle-Picher
1-800
:
.
7*
13s 8'
2674v
,
19774
29 Va
7
vjj
.
1.800
yy.;
Oct
Jan
17
preferred—
Dec
22%
1167'a Feb
conv
Dec
2974
"3374 Jan
Industries
Nov
Jan
Jan
Duplan Corp
v
7»>
*112
25%
-
254
37%
•:
114
1334
.
254
*109',a
-V
13%
38 Vb
Mar
Jan
i33A%
48
18V
27% Feb
Dunhill
,
4.800
29%
;
<38
«
377a
19774
:
■
y*
.."
80%
24
Kfii': 7:7
*196
197%
6974
3174
38'A
113%
\
: 3074
3174
109%
71*
;
252
.
.
107
53% Jan
,
'
*250
256 y;
197%
V/.'y-
105
14
114
Dresser
2,900
_
110
5
507a Jan
160
•
.
.
23'A
247a
*24%
110
109% Feb
Feb
45
45*% Nov
Aug
No par
..
•
<
No par
;i—-No par
f 4,600 A' iDu P de Nemours (E I) '& Co—-..20
1
4 ( n $4.50 preferred
LI
No'pit
20 / Duquesne Light 0% 1st pfd——100
"2;-., -< '.M -;
V-';
/'•.
c' •<:•'
197%
<
-105% Jan
-
No par
$4 preferred series A—
1.000
l.v%
'
103'
8774 Jan
33
.
Dow Chemical Co common—No par
55.000
2,100
35
36%
19^
;
Dome Mines Ltd
p* 200
9*%
:?03b
lao*/2
A
3
"
No par
;—100
No par
No par
3
Douglas Aircraft
-'
I; 1,400
410:<%'H2.;^
*114
Cup Co common
Doehler-Jarvls Corp
15
2974 Jan
2
Corp-Seagr'a Ltd
preferred
/V : - Class
;
16.300
7 6.700
-r
:30
116
Dixie
§i 270
*116
-•
31%
20J74
'
300
28 %> 29%
2874
■164
*116
31%
55%
5574
;•/;
v:;
98
47
s
43% Jan
23
preferred
7 Diamond T Motor Car Co
1,800
7,300 /
111%
"45
*45
12974
199%
■:
7
116
37
3774
204
<
116%
*114
30%
-
37%
202
99
3074
116
*114
96
*115
31V*
3074
28%
166
2874
95%
-
partic
40% Jan
No par
Diamond Match
'
48%
7 "47
49
109'A May 7
'
;
10974
fi
7-
Nov
7% Dec ':
34% Nov77
■
-
'
*47
50
•
19% Jan 16
V/F-'''"
44%
44
.39% Oct
Jan
374 Mar
24%
Nov
Coming Glass Works common.7.~5 :
a'; -3 %'%•:■
preferred -.^1
.—100 J
Com Products Refining..^...—28
008.1
102 1
•
Natural
conv
Cornell-Dubllier
mi;-
•
-' 74%
'
10%
,
40%
78
'
■;
28'A
2774
3374
33 Vz
■
-
■■'-■.■*111%; 113%/
53
52%
1434 I 15'/a
26 Va ,<:27;-/;y
;.
,
34 Vb
;/v-7.44 7} 7
Dec
34% Nov ;
28
Corn
1,300
c>! <
144% 444%
28%
2874
36
-
47%:
15%
26 y8
•.
4734
3674
4774
7;
:
40 y2-
4074
3674
40%
77 737
26
/;
124%
Sep ;
28% Jan
uan
Conv
—
,
74%
^10%^4i%
11%
31%
32%
31%
32 *
' "432
140
i.*132
4404
41 %
41%
,
41
41
28
47 %
•'
/23>%' 23%
•
i,
74%
-
>-
11374
5274
52
,
■
•
.*45
144%
74%'
-
42%
•lll'/a
'
.
*A0iv3f; 40% flftf »
•
23%
43
•
*100%
48%
48%
-.
33%
28%/
113%
54
80
55
9
Corp.
$3 prior preferred—
Copperweld Steel Co.__
'
52%-- 53 !
446
■
-
..
440
28
28%
2874
28
46%
34%
.
11%
41 Va
42 Ve
28%
*111%
a
*132
54
7' *7372
-»
75-' i
31%
33%
46
37
2
;
1
53 %
10
u974
Laundries
Cooper-Bessemer Corp
6,000
6,000
■
,
:•
-*165
,
-
.
24% f;c'.:.^22%
*144
23%
145'
74%
41%
2874
40 %
6
Feb.
3574 Jan
6
Continental
400
440
26%- 27% Ooe,8 11,600
•
—
*4748
c¥ *100102
-
42%
*'4113
.
'40 %'*% «;-40%
40%
140
-
27%
49
24%
32%
♦112%: 113%
:•
27%
146 %>;
*132
135
28%
2774
27%
102
-
'
42.
11%
:;
12\'o
34 y8
-
Nov
132
Feb
Continental Steel Corp...;
8,100
*11374--114%
42
48%
50
109
•
114
114
-101%
%
•7'A
,*109%
•:.j!,129 \»; 429%,4,;
<"
52%
•
43
74%
•
'52
42%-':
40%
23 %
145
743'<
*127;.;,:
'
4%
4% Feb
2
36
Continental
280
v
<-109% 108%
34 - > <34 '
V 3874* 38%
*'
55%
55'/a
127% 427%:
•
114
*165
; so v,;m
110%
109%
'
:' 11%
Dec
3
•
3,100
4L%
<
<33%
27%
•
101%-
40
25%
74%
Dec
25%
32% Jan
Continental Insurance
•....
53%-
'
49
-
110-
114
a
-
28
48
101%
145
*143
a.
<'
43%
;a 27%
51 .aa
24 %
24%
144
1161/2
: r
aa
»--•-•
56/i
900
<&ir:SS2h% ^63%;^;^52%-;63%^^;fe;-i,20O
33% * 34%
»;•>%, 34% r,35'
11,500
56"a
54 %
34%
52
115
42%
.
40%
-
Dec
'
4,000
.a
7
*38% -.39
-
*127%- 132%
*165
*49%
*49
-
*114
•
102
&. 40%
M074 / 41%
•
109
53%
4§%
48
56%
53% I
110% a
132% >
28%
*100 Vi
Jan
15 % Aug
29%
.
40
a
all% a
201
11%
33%
39
: 34
-52
*165
•its
.:
/*
33%
*126
43
27%
39
6
Continental
'
5,400
69 ;
69
200%
12
-
'
57-7
52% ''53%
32%
110;
114 a
*42%
:
v
Oct"
Dec;;
110
7
42% Jan
•
Oct
4174
28.
;
8
11
19
$3.75 preferred
4,200
740'
106ye
201
11%
34%
34
52%
,1'; 114
*105Vs
42
142 V*
*108% 110 , '
42%
110
>7,397;
39 y4
130 Ur;f
52"
-
*
109%
*122
52%
52%
52'. a
32'A
109%
108%
*120%: 124%
"v.
52
31%
%
;
Dec
107%
12
17
Comnieiuai
7,000
35 34
777-T-7 7 7%
""
a
K
108%
Feb
Nov
"7 110% Nov i
54% Feb
25% Jan
2
Jan
33
:
118% Jan
7
>2% Jan
123
/
;7
Jan
fe..-'a;a:70;a
35%
69%"
69
*108%
34
*38%
56%
5
5
Continental Baking Co...-..No par ;
180
.
227b
■57
,
643A % 65%
■
106 y8
*199
•
42»4
42%
110
34
38%
38%
,
••.•4''$*a
*ioey4
*33%
%'i 33%
;.*33.%,
•?- 38%.
Jan
21% Feb
No par
Consol BE of Cuba 6%
12,200
25% v253A
av
65
351/4
.
'
;,a'
110
*108
111
47
8
1074 Feb
18,100
a.
54%
22%
25 3A
2.4%
*105
7%
,
42%
41%
42 ya
42 V*
♦107%
;;;
29
46% Jan
1,500
67"
r
56
34%
12
r'K
V
7
Dec
Jan
37
$1 25
11,300
>#V54%- a
22% <7
764%
,
•199
12
7
;
69%
: "
69%
201%
774,
Nov
26
41
730% Feb
4
,1
291/a a 29%
55
21%
a;;U
•
*105%
■
#:.7%
36
5
4
Consolidated
1,700
a.
GO 7b
■7;a:'587':
,
29%
.
;-55..
35%
•36%.
36 <
106%- 106%
11%
■
•••
65
,
•
G8T-8
v
28%
a7
26%
199%
69%
69%:
200
.
107%:
5
4
23,400
-'-a
373/e I 38Va
61%
.7. *54%
*55
66
Jan
Jan
500
2270
2 2 Vis
371/8
;
a
My
55%
a- 55%
35%
35%
57
a-
22
54%
?
84
Corp
Consolidated Vuliee Aircraft
;»
11,800
.
187a
61%
227s
37%
; ,.
29
-
30%
23
14
115% Jan
23
$5.50 preferred;
62%
22%
7 V
53Vi
•
54%
30
22%
106% Jan
3874 Jan
$5 preferred——.*———No par
8,500
113 a.
18%
61%
37%
;
51
)49
23
6% Jan
.107
113
113
.
7
46% ,' 47% r
471/e
-7a 17
23 VB
38%
30 ;;
Jan
42% Jan
2,600
-a
"
49%;
90%
,
/A"';'
45
16
26% Jan
Co
50
7:
24
Nov
11%
31Mar ;;
Jan
^m^22Q- 7 Consumers Pow $4.50 pfd^.JYo par
Container Corp of America
20
3,700
14% a
*105
.107
*105
:o
46%
47%
-
114% a
43%
44
•Vi
44%
$$ 14%
/,
50'/a
110% Jan
4V8 Jan
Jun '
7. 46V4 Jun ;
4
;•
iun
:4674
Jan
Mar
Jan
3
Dec
50%'
Ve Jan
31
8
Edison of N Y...—No par
Consol
4,900 a
43%
113%
431/a
744777' 7:
Tia 14%
14%
14%.
45%
113%
47%
28
2574
•
Consolidated Cigar^..^.....No par
6,900
15
8
Dec
-
Jan
Jan
26% Mar
,
22,700
14%
8^
9V2 Jan
par
Conde Nast Pub Inc..^..—.No par 7
1,500
34%
44%
I 107
7:l9:-7Va
33%
44%
Edison
22
Dec
1874
102% Jan
—100
Congoleum-Nalrn Inc
1,200
*18%
-7
19
3oy4
113%
47%
Commonwealth
Jan
109
10
Con.sol
•
*•-
100
100
Credit
24,400
.
-
30% ,531 y* 7
43%
No par
-
Pictures New—_——
Consol Coppermmes
34%
45%
*105
•
>
46%
*
/
Jan
—No par
Commonwealth 81 Southern..No par
•7
$6 preferred Beiies____
No par
300
46%
; 31 %
i;//' 44
39
7 34
/
5074
7-7,3.15 ;'-v:fJan;^:
?
28
i
28
Gas & Cleo
82,500
18%
35%
18
Jan
5,300
.
.
46%
36%
Jan
3474Jan
6
41
14
'.-
32%
18%
114%
A
v
1091
109
2474 Feb
a si
v2 Jan
Nov
Dec*
a.:aa;V;;';-;'V:,v
*J8%
'
114%
•
a
10%
•
Nov
47/
38,500
36%
a
109
109
1
.",.43%
V
7/900
: '
'35%
X35%
y
1097%
109
.
-
53%
*44
14
7 42 Vs Jan
2,900
a
31%
32%
<36%*
10%
3574
10%
3574
10
29
2.50
B_
$3.60' preferred a.-——
m 46%
46% -46%-
32%
V.a 43%
1074
10
:
43% •'
35%
44%
/ 23 3A Jan
106
Aug
14
preferred series A
preferred
Oct
110'
7: 23% Feb
''Oct'
,
4*9
Feb
iin
Commercial Solvents—.;
445,000
4% '
33%
101%
29
6%
31%
17
Jan
Class
72
/ \
14
Jan
a
Dec
55% Jan
38
Commertial
129
•
May
' : A-
116% Jan
4T
a Columbia
18%
18%
*18%
36%
:.;':>433A
•
109 y4
109%'
109%
35%
44%
10
7
Boat
Elec & Mus Ind Am shares
3
,11
Jan
11
3
.
per share
183'
Feb
5
100
53
,
106 7 Jan
45% Jan
112
22
36,600
221/s
10%
36%
357a
35% .•35%
35%
;
104% Feb
■-
S
59 %
'$yY
32% Feb
7,600
'
54%
33%
52%
50% Jan
-
Highest 7|
/
share
per
130
14
7-43% Jan
110
115
t
11
100
Columbia
128 VA
33%
52%
52
/;/•.'52
"
*44
ioy4
9%
33%
si
33
.
Jan
20
6,500
->a,.4%.
129% fif
127%
;.a
1st
2.300
«(
67
Jan
JlUU
a
OwUlliCl'Ii
28 %
'
130
(Si
non-cum
40%
217s
23
••••';' Lowest
8
Jan
100
;a
Columbian Carbon Co. (new)-No
*113
4%
4,58
4V* y 4%
3374
.
52%
35%
.44%
9%
=
& 52'A
35%
*43%
3374
& 3374
.34-.-;'
22%
'129
y/y
a::;
105%
53%
115%
21%
Feb
45
No par
preferred
40'A
54
52 %
115%
2274
:
AlXman
285/c
29%
5274
•* ••/'•
4%
131
7 : 40%
;§7 28%
.v7
share
187,
<62
No par
No par
cum conv preferred
4%
700
105% a
40%
1161/2
2274
a
4 Vb
130'A
^ 33%
34
33%
217
23 Vo
22%
131%
<
105 %
.
per
11
100
2.50
4,300
*104
178% Jan
preferred
76,400
22%
5274'
*
116%.
7': V
•
12%
110%
115 %
5374
-
43%
110'A
-
$
share
•
: •7" 4% non-cum 2nd preferred
/■Columbia ur d Sys Inc cl A
360
.7 12%
30
29%
5%
,
3,6*00
12%
-•40%
*115%
a
44%
110%
7
preferred
<k
com
Co.OlbUv.
940
,
.
110'A
,v;a: 40 %
40'A
30
36
"43'A
a
44
7:
a 500
35
44
Year 1945
Highest
1
;7, 12%
105%
40
35
par
per
Colo Fuel & Iron Curp new__iVo par
,
3,100
7
38'/a
^34 a
.
7;
■
6%
16.500
77 44
105%
29%
'
$3.50
30
.24
:
Lowest
I
par
—No
A
Oonina
.2,900
13
12%
106 Ma.
40%
44%
7
22%
7*37- '-a
No
(The)
colgate-Paimolive-Peet
,
360
•
45 V*
45
110%
30 %
4 VB
/M 4
131 •
; 130%
4%
4
131%
43%'
--
1
•
110 %
110'A
52%
23%
23%
>•"
a!
45 y8
x23?/4
,
.
35
•45
13 a,
110%
*104%
'*115%
53
52%
3
12%
29 %
30%
.
34%
24
y
Class
V
4,800
^
106
Range Since January 1
a *.'
Coca-Cola International Corp No par
7'55-7;a
55
•
46 %
:■
:7a 217«".
22 Vb
23%
510.
,
Range for Previous
-
STOCK
YORK
2,800 ; 7 Coca-Cola Co
a,
112
7 a* 3777' 38% a,.
36%
7;'35.:
;a734'7 :35
36%
35%
44%
40 %
*%.;
40%
40
45
■
103 A'1;
*104%
105%
1
45%
'
110
no
r 110%
a
a,
13 y«
12%
3814
■
46
"45%
;%•
13%
;
34^4
45
-
45%
V: 45 %
:
46
■
:
r
38
'32 % :: 33%
;
46 jk.:
;
•45%
V2
34
35%
34
33
24%
38
24 %
ai-aa 37
39
46
*105
a
a'
55 -a
:
7;64aaa-:
•113'" 7;
7a 21%
22%
77
105
.54%
113
Shares
187:
7 a-:VSi.M7"7V
STOCKS
ay,fv y. r-.v-.7;; EXCHANGE
;,-•• "> a- ,/7.......
7:;'-7-Par
*11857 ■ft ,"_a.'-.-"-'.r'v
48%
a
the Week
share
per
186
*63%
7647;;;:7
105 V;
,
55
113
21%
22%
24
24'/a
77 47
105%
-
a
:
185 ,7:1
"63%
23%
21%
■a;. a
22%
•35
114
*113
;
21%
54
113
per share
*1185
485 8
*104%
105%
105
S
a
■
av-a-NEW
Sales for
7
Feb. 8
<
Feb. 7 <;;••• \-;-
184
•
,;'a
48%
a
v 49 A-i
$
65
aa- :;-54 "v ,54%
114
*113
182
64
*1185"
'
"L-: 23%
39%
"182
65 a a,;
■:
48%
a ,K
54%
38%
no
tyfc
50
53%
'22%
•'.21%.
64 y«
*1185
Friday
Thursday
►w.
share
S per
:
"10474 105
114
♦113
«,
'
1B1%U82
;
.;'•••'. ""
Feb. 6
share'
5 per
;
l
49%
'
V
53%
53%
13
-a-t
65%
65
a
•
*1185
4 105
46
V:7
183
'j:
181
V
'
•1200
<>''
share
I per
ehare
t per
Tuesday
Feb. 5 \.j
-
Feb. 4
.v;
HUGH
AND
LOW
/ Monday
l*««riay,
Monday, February; 11,4946
-
RECORD
STOCK
YORK
NEW
PBIOII
Wednesday
BALE
-
■
•
•
.
.109'A Jan
24
5
67'A Jan
3
80'A Feb
1974 Jan
21
27% Feb
5
6'A Jan
2
7% Jan
24
.
<
Jun
Oct
Sep
109"%
Dec
July
.104
66%
/39%
Dec
.
Aug
112
Dec
8% May
13
Dec
'
42%
71
Jan
14
Jan.
4% Aug
Dec
24%
•V
Dec
774
Dec
r
Yolum^ ri63
-
-Wflv "H/>!•'%>>*a'V"- v
*'*
Number 4463
THE COMMERCIAL & FINANCIAL CHRONICLE
'I.
yokk Stock record
new
LOW
AND
fflQI ftALX
-
Saturday
Monday
-
r;
;
,4
?,£
24%
''
Feb. 5 '
23%
"
^'^Thuiiuday®®
Feb. 6
Feb.
.
,
'■
9 per share
22%
157
62%
,
■-
.
170
156
•••
/
>
■
23%
168%
53 Va
53
53%
.
$ per share
Ver share
163% 169
155% 156
156%
6.,%:
t]:
n
23V2
l6»"/4 165%
1*156%
®
g
per. share
23%
Feb. 4
.
:ySTOCKS
Wednesday'
:
\
Feb, 2
FBI CSS
f per share
23%
22
168 Va
168 Va
JL66
155%
155
52%
85%
:
105
34
109%
38 Va
37%
;
105 Va
>
29
,
1
v
'
;
28,800
■■
106
<■105 Va
107
105VA
106
106V'a" 106 Va
"
■
5%
21%
106.v {
21 -
j
'
"89Va
"92
600
:
190
5%
21%
\«-i
i
95
'
i
35,700^Equitable
600
.
!.
—
Erie RR
No par
Office
Bldg—No
common,
No
;
21%
<4,800
29%
29%
2,200
Evans
156%?
57%
1,600
2,700
Vacuum
Products
60
Cleaner
111
,
40
8 J
1
158
Jan
146
Aug
34% Mar
2
48%
21% Aug
.20% Mar
:
62
l
37
95
Jan
29
Jan
95
29;
? 18% Jan
3
22% Jan
23% Jan
3
57 ^reo
8% Jan
t
9
Corp——————a •
Exchange Buffet Corp—,—.—2.50
14
63-,4 *»»n io
*
86
Jan
11% Jan
.
Jan
42% Jah'
5
1Q Va Jan 28
6
Jan
July
July
July
Nov
Jun
Dec
*92
Nov
20% Dec
28% Dec
Jan
15%
Dec
106
188
109
4%
•„ 20%
:
Jan
86
32% Jan 30
Co—4——-8 V
'
May
12%
Dec
81
Jan
68%
Oct
;107% Dec.
Sep
16
Dec
29% Jan
27'A Dec
;
Mar
103.
,■
1
55% Nov
43%
3% Jan
2
5% Jan 30
par'17 ; Jan ® 3 •/.'? 23Va Jan 28
100 ®.: 83% Jan
3
93
Jan 17
Ex-Cell^O
10%
9%
g Eureka
v
3
Jan
103
11.
6
1
Jan 24
Feb
2
19% Dec
Dec
3% Jan
109
par
Erie & Pitts RR Co—
20-r»
Jan
■■
$ per shetre
.
pof
5% pref series A
<
$ per share
104
Jan
7
106% Jan 15 ./•; 100% Jan
104% Jan 10
107
Jan
2 ; 100% Sep
105% Jan 31'^ 108 ?&Jan ^3 ■ iiOl ; Sepv
—.No par
;
S3% preferred
$6 preferred
55
30% Feb
4
.
■/. ■Xourest';/;■ /• / Highest
•'•
•
,
37% Feb
85% Feo
,
2
uw.
.
110
tv®l 32,00u
75
;
-
YearlOlo
4*igu«tit
26% Jan 28
170% Feb
6
157% Feb
6
56% Jan 24
....
3
5
Jan
Corp,,;,—,
aunubon
Range for Previoae
e:-
-
S per, share
7
3
4% preferred—
;
,100
106
Jan'
Engineers iUibiiobemce————" 32% Jan
230
...
90Va
:
anuicou
.v
i^fe|^^80::fS^;A5 preferred
107
5
'
'
storage Battery—Aw par:'".
Fas.o Natural Qas—J
Emerson Eimnc .Migr Co,,.;
—4
r. 26% Jan
Emerson• Radio'& Phonograph,
5"24
Jan
25,700
-..
17% Jan
148% Jan
137
Jan' 3
; 51
Jan
4 '
46% Jan
2
Eleotuc
Ai
36Va ' 38
»
106
5
AO) par
11,200
107-
21%
No pat
No par
|t> preieriec
:34
%83 > 86
<■108 V 109%
0105%
-
$, pi enurec-,
2,200
.
t
•....
.
$ per share
Par
,
.
Electric Power & Light
3,100
„;
29
?{ 32%
85%
1108
39 V3
105'A 1°51/4
'«IO0V4 10*^
29%
85%
110%. 111,
yg
53%
*
:«tc>../'/'-v:::.v
Bang* Sine* January I
l,300
;
52%
33%
|i 85%.
52%
& 51%
28%
30:
52 %
51%
\
i-
M/ % k \.i,
,
2,000
155%
51%
',':s'V#
STOCK
YORK
EXCHANGE
i.
16,600
:
rl67Vit
155%
52%
NEW
.m'/v/
Shares;
® 22%
170%
>
32
,
22
157'/a
52
52-^
J/a
.theU'eek
I per share
^
22%
169'/a
,
Sales for
•
157
53'/a
•
oa
Friday V
,:^:Feb.8;ti;
7;
"
62% Nov
9% Dec
-
.
'
73%
% 35 %
1'9%
25%
73
3lVa
36%
19»®
,19%
25%
29 Va
18
.18%
25 %.
Fajardo Sug Co of Pr Rico
20
36%
Npv
18%
20 Va
Dec
25Va
Farnsworth Televis'n 8s Rad Corp.l
Federal Light 8s Traction
15
26%
Dec
$6 preferred—,.:
.i^^No par
Federal Min 8s Smelt Co,,
2
110%
42%
Dec
32 Va
Nov
«25
25 %
HI.
Fairbanks Morse ft Co^,„—No par
54
54%
54
29
29
29
29 Va
29 Va
Feaeral-Mogui Corp—:,.—3
l7a/«
Federal Motor Truck,
62-is
Federated
18
62V4
107V4
'
31%
31%
*68 : ; 70
78% " 79%
17%
32 %
••
■
17%
63
108
,
39%
77
109%
61
61
39
33%
4112 Va
49 Vc
49%
18 Va"
48%
48%
48%
17%
*49
'
1
34%
Nov
63 Va
Dec
78%
Firestone Tire 8s Rubber--,——20
70%
Nov
109%
4%% preferred :iii—^i—,,i.lQ0
First National Stores—,
—No par
77%
38%
59 V 4
39%
114 V2
48 Va
17%
18
19 VA ' 20
19
19%
86
85
85
85
40%
iU%
40%
•48%
40%
75
75%
43%
44
27%
27%
19%
73%
;
4io %
;•
*85%
4u;»
.75
^
48%
18 Va
50
21": "27
.
'
34
19 Va
.
®
85 JA
'
.
40%
75
'
34%
34 Va ,v 34%.
44
,
Enamel
Corp—
42'..
Food Fair Stores Inc
75 V«
Food
27
27Va
341/4
34%
•144
156
5%
conv
^
148
6%
Machinery Corp,,—
13%
*.
«a<a» tSsmsmm^rn
Dec
10
10
80Va
Jun
44%
Dec
Dec
146
May
new———,1
36
54
43
Fruehauf
51%
10% Jan
3
14% Feb
Can
3
lt'Va J an
29
19
Jan
2
20% Jan
28
23
Jan
2
ti 26
-
Jan- 15
3
29% Jan
4
5
85
Jan
28
15% Feb
I
29
78 Va Jan
4
•
12'AJan
18%
4
Jan
8
101
19
17% Jan
3
19
107 Va Feb
5
108
60% Jan
3
•107%
109 Va
67%
68%
.12% Jan
*182
Jan
51
78
186
182
® 24%
Jan
.
14 Va Dec
V 58
Dec
24
24
;.40% NOV;
;
80 Va
68 Va Jan
5
14
Jan
Jan
61% Dec
14% Dec
28
15
187
10
185% Dec
•
; 24'A
r;14%:: 15%'
24
Jan
21
27% Jan
3
3
15% Jan
44% Feb
8
33% Jan.
152 Va Jan
8
35% Feb
Feb
27%
10
13% Jan
;"*4X%'h':42,;/
1
147
35
*177 Va
J47%
35%
180
Jan
2
32% Jan
5
Jan
2
180
139
171
46% Jan
3
52
Feb
55%
52'A Jan
3
56% Feb
Oct
36
May
-
■
49% Sep
56
Nov
8
55%
38 »A
172
5
51%
J*56
Uec
Nov
145% Oct
15
.i
6
51%
Dec
•109% Dec
14-
28
DeC
24%
Va Jan 28
Jan
19% NOV
29% NOV
28% Dec
86
/Dec
>
16
Jan
Jan
63
3
54% Jait
35 % Jan
87
*80
Dec
10% Dec
•
x23% Jan
Nov
"Dec
12 lA
8
-9
-
•
Dec
43%
27
prior preferred,—-——25
Co
Dec
; Jun
35%
Francisco Sugar Co_
Trailer
Dec
1
53%*
" "156
*
Oct
Dec
75
preferred———100
—No par
F'k'n Simon Ac Co Inc 794 pfd—100
Freeport Sulphur Co,
:
10
*144
*83%-S4%
53
18%
Steel Corp.^—,,—, 10
Foster-Wheeler Corp
Nov
44
"
42%
*144^
38% Dec
111%
Fiorsneim suoe class a.j—No pat
Follansbee
Oct
60
Flintkote Co (The) com,—No par
$4 preferred —
—Nopar.
Florence Stove Co
——No oa*
Florida Power Corp————7 Vq
19%
8»l/a
'44%
110% Mar
■
•
.46%-
*
Apr
Ferro
0112
49
40%'
Dec
Fidel Phen Fire Ins N Y——,10
59 Va
50,
85
Dec
59%
107%
—No par
32 Va
.
V 19
18
No par
preivrred^—^®.100
Dept Stores—
couv
™
»108
'
114 %
18
%%%
32 Va
.
39%
113
108.
Oct
70
7b %
*109
64
35%
46%
V
70
108
113
.
108
32%,
70
63
flllVa 113
49%
50
*8
' 18%
17)8
"6lVa
'
108
,
63
38%
NOV
32V4
UJ
5A%
63
70
63
'
65
32
I8V4
110%-110%
17 Va
32
79%
"108%* 109 %
I2
X7l
53
63
78
463,'i
73%
110dVa 107
63
31%
73
31%' 32%
.18% :18%
29
;l0u%'lt>7
%68
73
51 Va
2J %
63
'
25%
25 Va
110% 110%
,110% 110"/«
51%
51%
;
•':
74%
35 Va
19%
6
52% Aug
Mar
134
Dec
<123
;
77% Ded
Mar
130
Dec
03
36% Dec
7%
Dec
46 Va
Pec
140 S5 Oct
8%
Dec
34
Dec
31
Dec
133'A Dec
44% NOV
47
4i%
111
44%
*110%
111%
31%
t
38%
43 >/a
*110
'
47%
*104
Mar
46
Dec
111%/Dec
32
32
Feb
105
49%
105
Feb
105
*104 »/a
Dec
111
loo
49% Feb
2
1
6
t»an
44% Jan
104%
2d
15
*/a
® 56% Feb
5
8% Jan
29
151% Jan
8
.
Jan
79
29
12 Va Jan
63% Oct
115
Feb
21
12% Aug
7%
21% Dec
;
Sep
33%
Dec
Sep
25%
105'
1
4
109%
Nov
46
28 Va
Jan
29
Aug
Jan
161% Mar
Jan
64
5
•
21% Dec
14% Jan
16
28
Feb
Dec
*
8
34% Jan
79
Nov
33%
19
63V2 Jan
177
'Dec
*
Jan 28
34
109 Va Feb
Nov
39
3
Jan 14
27% Feb
Oct f
105% Mar-
7IV4 Jan 30
.34
Jan
& Nov
74%
X39% Jan l*
16 - Jan:30
•
7%; Oct;
40
104% Jan 18
113% Jan
Oct
May
165Va
Jan 29
42
Dec
39
57
52% Jan
65%
Nov
'
39%
Nov.:
75
May
'Oct
86
® Dec
175!
88
Jan
16
35
Jan
29
? 22%
Jan
x35
31
lOtt/a
Jan
108% Mar
28V»
Jan
110
/ Jan
52
Jan
2
13% Jan
25
Jan
25
•30% Jan
28
108
■*
footnotes
see
page
795.
5'A Mar
-
Oct
82
28
58
Jan
30
49%
•,
'
Dec
55%
Dec
12%
Dec
100
Dec
30 Va
Jun
Jan
82
Jun
Jan
61%
Dec
,14% Mar.
78% Jan
63
For
-
.
Monday, February 11, 1946j
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
LOW AMD HIGH BALI PUCKS
'
/'//£ Monday
Saturday
Feb. 2
//, t
t per share
37
"36
32
32
*31%
25%
'115
107%
*36
.25%'/.
*
37
*31%
32%
■
32
/
,*35%
the Week
*36
$ per share
38
31%
*36
V
EXCHANGE
Shares
'%■
38
*31%
32
NEW YORK STOCK
32
25%
*25%
107% .1071/a 108
114
25%
114
,
*114
•
25%
'25%
25%
■'
*114.
116%
«
*106%
115%
.
108%
20
110%
28%
2,300
29%
:
:20
1,000
-
28%
\
'152
44%
/
16%
17
14%
15%
138
139
36%
191-
:
37
.
108
*86
:: 187
.
.
-
140
/
,>184' 191
35% ,36
,
:
106% 108 /
8&:%
86Vi
>
;/• *184m 191
Si&
36%
36%
160
.
138...
38'
>106% 108
,
.86%;
i;..
v
-
*127
131
*128
131
135%
*133
135%
*133
135%
*91
93%
139%
*35%
>34 - /
60
1
*91
93%
138
29%
.36'
138
29%
;
i
34%
34%
59%
69%
/
25%
25%
33¥*
33%
56
'
33%
54%
55%
27%
27%
55
61%
31%
31%
no113/ t//*110 v/113
93
*91
28%
*60
28
28% '
58%
11%
23%
23%
-
23%
11% '
23%
40%/
41%
32%
41%
41%
,«
32%
9%
9%
'
'
-
>
•
11%
:
103%
•92 V»
'
39%
*125
130
115%
134
134
138
July
*90%
92
140
90
Nov
■
*35%
Z
91%
*139
29%
34%
34
,
33
60
27%
58V*
*22%-
33
-
9%
35
60%
27%
27%
60%
60%
31%
25'A Dec
63
Nov
31%
31%
*110
93
*92
93%
26%
26%
69%
59
59
,11%
10%
11%
10%
23
;
23
*23
'
«32%
,
23%
8%
40%
32%
34
9%
30%
31
///> 20%
15%
30%
30%'
2014
/
83
■14%
•
82%
14%
14%
:30% " 30%
30%
*20 ¥4/20%
20%
82%
30%
"29%
20%
20%
19%
141%
82 V4
83
82%
83
82%
106%
108
*106 ¥4
108
*106%
108
*106%
142
*
108%
140
37
'
„
S/i.
200
142%
*140 ¥4
143
140
140
138%
14%
4
6,900
20
2,500
30
,
6,100
-
82%
2,100
108
100
138%
,
Ingersoll-Rand
700
'
♦
*167%
*167%,
—
118
119%
*167 ¥4
119%
119%
21 y8
22'A
*167%
—
120%
21%
51
21%
11%
*11
119%
119%
22 ¥a
21%
22%
22
22%
12,300
11%
52
11%
*11
11%
100
50%
'22
51%
50
50%
1,400
*108,:v/109i/
*108
11%
51
51
•
*107%
109
107%
107%
11%
.11%
20'A '/:■;/ 19%
20%
11%
11%
20
'
204
204
.99%
193
193
12%
X191%
*32%
213%
97
«7%
v
12%
97%
11%
11%
"41%
41%
41%
.
150
23%;
237/a
*113 ¥2
*49 ¥4'
49%
-
*190
*144
31%
Z 313A
147
23
--
23 ¥4
/
*114
*114
»150'Z/w-Z:.
•150
53%
•'32%
32 ¥2
122
32
*61%
63%
37%
37%
37%
31
*62
51%
25%
34 ¥4
34%
29%
29%
55%
55%
*37
39
*64
66
*18%
18%
26¥a
34
r
29 ¥2
55
:
56
/
/
37%
64
*18%:
93
108%
38%
38%
38%
18%
18
41
107% 107%
26
/•
•
:.
,i
•!
63 ¥2
:
40%
40 ¥2107 ¥2
37%
38%
18%
*17 ¥2
47%
47%
47
47 ¥2
46 ¥2
49
49
48%
49%
48 ¥s
T8
47
,48%
3,000
1,400
26%
*26'A
/
45 /
•
27
>900
v
10
—
'400,
300
—
_—
i
53 ¥4
28,900
106%
107%
2,600
154
31
154
,
800
3,500
26
¥»
34
;
29%
*37
~
91
¥2
39
64
18%
¥3
40 ¥2 '
1073A
37
*17 ¥» 1
92 ¥2
407/a
107%
37 ¥2
18
46 ¥2
47
49
49
795.
Feb
148
6
48 Vb Jan
42% Jan
2
Jan
22
122
106 ¥2 Jan
115% Jan 28
55 ¥2
25% Jan 29
60% Jan 25
49% Jan 30
Ja^n
43% Jan
175
'Jan
Jan
204
.
Joliet &
Chicago RR
stamped—100
Jones & Laughlin Steel
No par
5% pref series A———100
,
15
•
—
!—i—'—i—5
1
Class B~
/
1
Kennecott Copper—;—-No par
Kelsey -Hayes Wh'l conv cl A
«
Keystone Steel & Wire Co—.No par
Kimberly-Clark Corp—
-No par
Kinney (G R) Coi...— ——,——i
$5 prior preferred—-——No par
Koppers Co Inc__
10
4
4% % preferred-———-—100
Kresge (S S) Co_:
——v—10
Kresge Dept Stores.,
1
Kress (S H) & Co
No par
Kroger Grocery & Bak
-No par
Gas
Light
Co
(The)—.
Bryant
/.
24 % Jan 17
52
Jan 31
112
Jan 4
Feb
154
2
141 ¥3 Jan 16
58% Jan 14
115
Jan 30
u./—
—
' 407/a Jan
100% Jan
'/$* pref series B conv———/10Q'/126
Jan
Jfay Mf| C"
1
25%Jan
Preferred
page
139 ¥4 Jan
5
116
Jan
21¥s Jan
Tea Co Inc-2.——/VC par
Wimbert Co
see
5
36 ¥2 Jan
4¥4 %
'
Laclede
footnotes
7
11% Feb
42% Feb
19% Jan 3
46¥i Jan 3
preferred—,^——100'
109% Jan 31
Johns ManvUle Corp—-—-No par
141
Jan 2
* 3%% preferredk—/_*,-^«i-—«-100
* 136 / Jan 2
Johnson & Johnson.—^—..^12%
55
Jan
3
4% 2nd preferred ger A——100
114
Jan 2
jeivel
Lane
For
11
98% Jan
9 ¥4 Jan
Jacobs (F .L)' Co-i—1
*
,—
573/4 " 58 y8
33% Jan
30% Jan
No par
preferred————100
/ New
•"
195
95 ¥4 Jan
15
100
Kalamazoo Stove & Furn
10
Kan City P & L pf ser B—No par
Kansas City Southern—
No P®'
4% non-cum preferred--.
100
Kaufmann Dept Stores————1
Kay ser (Julius) & Co—
——®
34
Z:
11®
51 ¥2
107 ¥4
10 ¥a Jan
$6 preferred—
400
3,000
Jan 16
14% Jan 28
190 ¥2 Jan
Interstate Dept Stores
No par
Intertype Corp
-—No par
Island Creek Coal--—..1
700
45%
4,600
*114
29¥*
63
107%
29%
43%.
6
preferred-——-—1Q0
Intern! Telep to Te^ejr———No par
Foreign share ctfs_
No par
55,200
29%
43%
215
7 ft
—
44%
*150
*18
38%
'
/Jan
———100
International Salt——No par
International Shoe—— —No par
International Silver————50
1.300
>
,
*155 ¥2 .158 ¥2
29
49
30%
52 /•/• 53 ¥2
.106 ¥3
6%
200
600
29%
116 '.
*150-
64%
92%
1,500
59
Jan
92
No par
International Paper Co.
5% conv preferred
Inter Rys of Cent Am
4,700
175..
30 %
—
195
/ *;' Preferred ——————100
19,900
199
.••—■-''
/*114
18 ¥4 ; 18%
923/a
29%
Preferred
:/ 240
¥2
58
25 ¥4
A
2
10
/
34%
34%
29% ; 29Va
55 3A : 58
100% Feb
•
•'
*373A *39
/
18%
93%
40%
40
*107 ¥2
.
37 ¥2
64
93
25%
34
29%
International Harvester-
900
141/
'
57%
.
2
6
45%
.120%
*142
'
""*43%'
-26%
11
Feb
3,200
23 ¥»
51 ¥4
31 ¥2
64
'
6
14
Interlake Iron—--—— —No par
Int Business Machines new. JVo par
.370
111
;37%; ^7%
,
*48%
.
54% Jan
109% Jan
Feb
107 ¥2 Jan
Int Nickel of Canada^—.—.—No par
*180
*153
32
122
63%
175/8
/
30%
32
*61%
40
/
49%
199
175"
29% ' 30%
__
152
141
159 %
♦119
317/8
pi ¥4
26%
152
•
53%
32
31%
1
—■
122
:
6119
317/8
93
•
11 :
30%
31%
37%'
"
116
,159
31%
*119
26¥4
51 ¥4
105/ 105%
162
*30%
44
22%
,57%
520/8 /
*103% 105
*159
152
49
*190
50
12% Feb
14,100
22%
*144
11% Jan 26
> 20% Feb
112%
49 ¥2
Feb""®
22% Feb
10% Jan
16,400
22%
/ 197%
120%
Jan
17% Jan
36,100
112%
23
18
144% Jan 14
9% Jan
147%
120
Jan
102
42%
*58%
*109%
143
/
57%
116
52 ¥2
50 ¥4
*141
147
'.44%
119%
18
84% Jan 25
par
11%
58%
29%^ 30%
30.
' 30%
23 '/a
152
i
58
147
22% Jan
107
13 ¥4 Jan
98 /
112%
*155//
145
*57
-42%
10
5,600
31%,
10%
42%
'
32% Jan
Int Hydro-Elec Sys class A——25
International Mln it Chem
5
A% preferred
i
100
International Mining Corp
1
58%
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153/154
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11
9
28
No par
20
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Intercont'l Rubber
35,100;
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98 *
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111
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210
210
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109
.
117% 117%
No
preferred—
Inland Steel Co——
■>
-
—
120%
'
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—
Dec
.
'
/ 14%
21
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37
43% Feb
45% Jan
Idaho Power Co—'—*..
...20
Illinois Central' RR Co-.———100
6% preferred serlea A——100
4 Leased llnps' 4%—100
'"
RR See ctfs series A
—1000
Illinois. Terminal RR Co—-,,5
xndianapolis Power & Lt—_No par
■
Industria Electrica De Mex, S A
> Industrial Rayon—No par
$4.50 preferred A——No par
Dec
May \
9%
9%
/
36%
15%
Dec
Jun
40%
9%
1,900
37
23% Pec
'54-;
Dec
361/2
1,100
15%
Nov
23 ¥t
<
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Dec
July
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109 ¥»
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32
138
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36
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;
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189
191
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39
43 Vz Nov
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32
,
Sales for
Feb. 8
I per share
38
31%
_
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Thursday /•/
y: Feb.?
" M, per share
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/-/ STOCKS ////
Wednesda j,.
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Feb. 6
$ per'share
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i
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share
per
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Feb. 4
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122 ¥2 Jan
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65:
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26% Feb
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■
Dec
Mar
124
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31
Dec
Pec
135:
Nov
67
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19
Nov
96% Dec
51
40 ¥»
112
Dec
Mar
35% Nov
Z 17%
Oct
X49 ¥4
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50 ¥b
Oct
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4463
.Volume 163
NEW YORK STOCK RECORD
\
.
:
'•
,
Ililrfiy
Feb. & ••
70
Tuesday
;
i
Feb. 4
Feb, 5 -:.■■■■ ,'i
70
70
70
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31
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29
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30 t
84
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f 31-7770%
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1
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20,100
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1,500k.
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STOCK
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,
,
YORK
EXCHANGE
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60
80
Sales lor
the Week
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t per share*
16%
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Friday
Feb. 8
1
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,
44%
>•-,
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30%
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28%
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Feb. 6
70
16% '16%
Thursday
,
Feb. 7. r
> per share*
t per share
33%
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,
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58
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"
Of44'^'V'44%'''r ''
•
Wednesday
9 per snare
t perjhare
70
17
tow AND HIGH BALK PRICE*
•
Koilill
! per sfyare
16%
•
39% Feb
18,500
1,500/
72
Feb
2,700
87% Jan
195% Jan
800
3.10Q
5,600
4
! 2
31% Jan.28
9,300
150
;
14
-
21
31% Jan; 18
30
32% Jan/17
72% Feb
6
30% Jan
14
72
Dec
May
Dec
52
/ Dec
39
155
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i
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I
110% nov
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|
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i
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;
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%
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111
Oct
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46%
V
24% Jun
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63%
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48
nov
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195
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109% Nov; j
Dec *
16%
Oct
55
114
55 Va
36
37
38%
35
36
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106
109% Nov V
27
Dec
24
108% Oct ;
47% Dec Xi
29% NOV
27%
;
Dec *
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109% Oct 3/
106
50%
26%
•
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108. *'
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Dec
119
27%
-
Dec
Dec i
41%
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28 Va
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119
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Dec |
70%
37
27%
23%
1
NOV
43
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50
.
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Dec
32% Dec
•
115%
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:
Sep
.
87% Nov
45% May
56
17'A
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33%
60
75
93
23'A
,
54
26'A Dec
23%
58 Va
55
*111
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110%
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114
47
15%..,16%
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127
31
31%
15%
16
45%
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41%; ,42%
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39%
138%
115 Va
137%
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*114%
115
♦109.
110
V
78 V
28%
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-
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29%
60%
51
.
•
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31%
32
114
7% Mar
107 Va
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109 %
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110
110
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25
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»
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,
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25%
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v
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20 '
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■
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30
205
;
footnotes
see
Dec c
Dec
Jan
124
22 %
Jan
37
5%
16%
Jan
16%
Jun |
Jan
49%
Jun ;;
36
Jan
52 Vs
Dec
26
Nov
34% Dec. 36
Dec /
109%
25%
Jan
79 Va
Jan
Sep
111
117
Dec V
Jun :
Apr •;
119
113
47"% Jan
76
Dec
21
53%
41
21%
Dec
Mar
Jan
23% Mar
Jan
9%
Jan
Jun
-
24%
Dec
DecV
61
Dec
s
54
Dec
•
33%
Dec
32% Oct
47% Dec
18% Dec
109 V*
Nov
Jan
; 43
Dec
x82V4
Feh
150
109%
Jun
115
97% Mar
22
13
-
Jan
48% Nov
53
Jan
Dec
Jan V
21%
Dec >
52
Dec
66%
NOV,/
39
31
"
31%
.
19%' 20'A
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32% / 32%
33%
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^
795.
'33%
205
29%
V*
29%
^
213A
:
.
116
July
106% July
113
24%
38%
30%
page
Deo'
13% Dec
49% ^49%
...
Vv21-:vV;21%,.:;:Vv;r31% ;^l%;
For
24%
21%; ,22 54
,:54.v::'
Mar.
112
31%
.19%.' 19%
-
Oct
115% Dec ?
' 113%
46%
Mar- -Oct;
160
161 Va
90%
Jun
14% Nov 1
36
Dec ;
63% Dec; V
17%
34%
59%
160
Dec
111
x34Va Dec
Deo
195
30
.
20 V#
Dec
Dec
1
Monday, February 11,
iTHE COMMERCIAL' & FINANCIAL CHRONICLE
1946
NEW YORK STOCK RECORD
tOWANDDGI
•»«ard*y
Ifenday A
y
Feb. 2
44
* 45
Wednesday
Feb-6
•■•;
Feb. 5
I per share
• per share
.
1 per share
•/,''■
Ihindsy
1 per share
•
44%
45
43%
44%
43
27%
27%
27%
27%
27%
27%
19%
20'/a
19%
19%
A>A 19%
20%
42%
42%
.42%
42%
42%
A:tVA 42
42
43%,
43%
44%
44%
45'A;
20%
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;<i
A.
:
12%
78%
75%
66.
65
*64
29
107%
28%
107%
'19%
37%
9196%
197%
"170
172
108
37%
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168
23% : 23%
40'A
58
A
196 Vz
169
:
23
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39%
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58%
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59 y8
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102%
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15
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in
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112
>110%
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>: 21%
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118%
118%
117
118%
..
17
118%
30
30%
35
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34
:
.
87
86
Northern Pacific
46%
Northwest
18%
2iy2
83 Of
A
*78
38
-
•
/
38
$4
j
-
*78
;
A.
eo
/
64%
80.
6176% 176%'
8%
io :
27
12% > 12%
<
19
/
<
: *18%
*78Va
'
109
"
■
113
v
69
.
*78%
/
*109
69%
>'
7%
38%; 38%
30 %: 30%
7
/V 17%-,
24%
38%
17%
{■
71
^
>70%
31
"'./'
*
*
16%
*
31
29
31%
•
113
4
46%
47
!
:
45%
44%
*46%
Y"
;3i%
38%
38%
32
32
115
*43
■
115
*93
-
.
*39%
38
*115
*93
40
•106%
107
93
46
31%
94
32
-38%
40
57'
/>
38'A
41
"
:
32
16%
28
A.
-
:
46%
44%
91%
/•• *43
.?■: 38 ;
31%
32"
117
*115
*91
40
40
107
*106%
25%^.
47
-A'
83
7
,
62
Jan
•;■/
>
70
-71%
70%
7
62%
/. 7%:
,,
38%
4,40ft
9
3
j 13% Jan
29
Nov
65
•
Nov
Aug
118
29
19% Jan>
'// 16% Jan 28
112% Jan 25
33% Jan
21
112% Jan
28
.45
,
Feb
49
Feb
9%t Jan
105»/4
Jan
18% Jan.-
23
*
Jan
107%
15
-*119% Jan
14
106%
Jan
17% Jan
18
11%
Jan
Feb
6
21 A" / 32% Jan
10
39% Feb
2
21 > 34% Jan
7
-
'
2-119
Jan
35 V* Jail
'
2
,
Jan
2
173,
28
Jan
2
.-34
95
.13% Jan:
23.%/Jan*
155 /
22 %
Jan 25,
91 / Jan 30
7 '
Jan.
58
Jan
Jan
Jan
74
Jan 30
89,
,
8
Feb
Jan
Jan
107
Jan* 23
"
Jan
16% Aug-
9
166
75
Mar
50'
12% Jan-
24%
Jan
28
.
23
6%, Janv
A
Jan, 19
112
/
22
,16 -'- Jan
115
26% Mar
/' 46.
Apr.
9 /
,19% Jan
Jan
July
110
•
3
55% Jan
-
2
Jan
21
11
Jan
18% Jan' 30
57% Jan
9
-
111% Jan 13
1
17%
3
56% Jan 11
114
7
'7
Jan" 3
56%
Jan
36
/
7
<13 % Jan
,
pfd
•; /•, /;/
Jan'
Ylfc
•
;
,
35% Jan
3
31% Jan
preferred.
37% Jan
.
8
•
Sep,
14% Aug
Jan 19
Feb
7
122% Jan
3
-
Jan
111
/
115% Jan
conv
/ 53
4 276
2
—50 /
.
5
11
.29% Jan
102%
4
Feb.
28
Jan-
.
A ::/.;AAA: A:,/;, // ::.'
2nd
preferred
fcon-cum—No par
•
-34 Va Jan-19 ; ; 39% Jan . 9.
4 1
45% Jan 24
40sk Jan
-
,
A Pacific Mills.
!7
Jdn
71
: 146 Va jan
2
;58'%
No par
-100
Pacific"Telep &. Teleg—
Jan
'»
6ft /preferred—- .171 : Jan. :3
A Pacific Tin Consol'd Corp
-1 ?,:■&} 8% Jan ;3
Pacific Western Oil Corp——:
a
10 /A//'26%
p Packard Motor Car—-—,—No oar
'OAOVz
/
/
Pan American Airways Corp——2%
Pan-Amer Petrol & Transp—»5
>
23%
,18
•
•
64% Jari/29'
>81
Feb
4
152 Va Feb
5 •
Feb
:
.
1 -■
176% Jan
10% Feb
30
5
31% Jan
'
6
22% ***
23'A Nov
89 Va iiov
-
31%
-
33%
61»A "64 ;
6%
7 I
38.
38%
33
11
-
Jan-
.24
1 3*%
1 48
38%
121%
160Vz
61
33
Feb
Jan
14%
14'A Jan
•
Jan
4
.
Jan
Jan
39
Jan
33%
33 % Feb
19%
"19%
3
Jan
28
/
92
A 45
*43
38%
:32 , 117
'•>
94
.Or-
12
12%
12%
A
16
16
16
40%
39
40 A:
38%
40%
40%
40%.
40%
117
41-.
>
42
12
29%
••
46
.A:
37%
31%
A: *40%
*106%
12%
"■■12
115
93
900
Jan
'
25 > *25%
47% ; -47%'
'
45
9,400
.
A 19,400
45
46%/;/
91
800
AA
OSO;
400
1,800
43
">no
37%
Penick & Ford
No par
67
Jan 21
A 57%
Penney (J C) Co new
No par A/ 51%
Feb
7 $
45%
Penn-.Central Airlines Corp..—1
A38%
16%
Penn Coal & Coke Corp
10
13 Vz Jan A 5 '
Jan' 21
30%
'Penn-Dixie Cement Co new———.7/'
27
32
Jan 14
Penn Glass Sand Corp.
No par
• • 30
115
Jan 12 '
./A
5% preferred
,.—100- .110
27%
Penn Power & Light Co
No par
23% Jan 3
A 47%
Jan
2
//• Pennsylvania RR——.
Jl—60 :.-;A42 /A
Jan
3
46,
Pennsylvania Salt Mfg Co——...10 ' .V 41%
46%
Jan
2
/ Peoples Drug Stores Inc
.-5
43
i 96
Feb
7
I- Peoples G L & Coke (Chic)
.100
[90
Jan 12
/ 51%
Peorirf A' Eastern Ry Co—«.—*100"; AA36
■
•
900
*115
*93%
.
41
"A
12 %-
116%
,
94%
*106%
£ 11%
/A:
107
*39%
^oV
14Vi Dec
x80Vs Dec
110 A July
A 57'A Dec
•
;
7 3'A Dec
S% Dec
39% Nov
30
Dec
17% Dec
:
.
•
24'A Mar
;
'
,
5ft
'
Feb
21%
Jan
49%
Jan
A 76
/
113%
:
/ 16
11% Aug
17 3a
Jun
28
33%
Dec
Feb
Z 19
30 y8
Dec
16%
39%
42%:
75 >
75'/2
14%
40%
41%'
-
75%
75%
75
75%
113%
113%
113
113%
113
75%
•
113
30
30%
29%
30%
29%
30%
30
30
30
30
29 %
30
30
113 %
30%
29%
30%
*119%
120%
*119%
17%
18%
18%
43%
For
42%
footnotes
see
120'A
♦119%
120%
13%
19%
19
43%
page .795,
42%
119%
119%
18%
19 y8
is y2
39%
39%
> 41%A 42
>
14%
39
23
Jan
24
20 l/z
Dec
24%
Dec
Feb
; 7
33'A Aug
>46%
Nov
Jan
30
49
Nov
Feb A 1:
Jan
Jan
A 37
'/a Mar
303a
Jan
15
69 *;•■■' Jan
25
14%
"A 46
/
Dec
Nov
43%
Nov
38'A
Nov
Jan
40% Jan
11
21
July
3
36% Jan
17
.19'A
Jan
43%
Jun
117% Jan
30
92 Vz
Jan
Nov
.'111%
14
119%
—100
Jan
63 A
Jan
Jun
-/ 88Vz
a'"!38
A<r__ A.
18
116 %
100
Jan
Feb
8
preferred
No par
100
5
75%
113%
■
27,700
%•:/;:
700
42 y#
75
113
1
113%
A,/
7,00oPfeiffer Brewing Co
8,000
Piizer (Cnuh) & CO Inc.
Phelps-Dodge Corp
;
30'A
30%
*119%
120%
120%
120%
18%
18%
18%
18%
49,300
41%
42%
6,300
30
•
30%
30
%
;
7,900
3,100
'
:
20
—No par
I,
Philadelphia Co O'/c preferred
$6
300
30
29%
30
,
preferred
No
Phila Electric Co.
a
$1
preference
4.4ft '
No
com.
■
.
.
.
par
par
No par
com.....
preferred:
25
—50
.
100/.
Phila & Read Coai & Iron..;
1
Phllco
3
•
43%
42%
43%
42%
42%
Corp
/
i; 96%
Jan
4%%' 2nd preferred.
rA
/". 'A
v;>
14%
/ 39%
41%
75%
A
Apr
113
111
Jan
!;34%
Petroleum Corp of America
5,600
Dec
Feb
Jan
A/10%
Jan / 4
"
Jan
4
Jan
21
A 97
A
41%
26
Apr
105%
Nov
Jan :. 4
12'A Feb
4
8
Jan
3
16'A Feb
6
9y8
41% Dec
108,:: Mar
A
% 13
Jan
"■
/
' May,
72
*A26y2
Pet Milk Co
A 900
oct
: 111
1^.-100
PeiCiMarquette Ry Co.,
5ft prior preferred
•A-,; "
,/12//;//^
Dec
—ij.33%C
Pepsl^ola Co
2D0
A;
Dec
20
.
/
200
41%/AA
«/8
Jan
59
Feb
Dec,
A 29
Jan
-
24,500
3iy8
31
'
74%
;
A
•
:
4 ;
12
/>
21% Jan
6% Mar
*18/ / Oct,
6
14c
...
/•A 36%
41%
107
9,500
.
•'•
90 Vz
"31%
93
;
2,800
<
46%
90
115
41
6,000
V
30%
Vf
'
/;
107
/:,
46%
36 s, a
>
94
*106%
39%
40%
A *42 "•
A
:•/
45% A
90
32
94
12%
15%
*44
38 %
♦115
40
107
46
31%
47%
>45%"
•
/'
37%
-
26
46%
46%
t*
16%
,
500
8,900
♦113'A'
25 Va
45%-
>A 92
40
16%
*30
*113
/A.v46%
91%
57%
28 y8
31 V/
M
"74%
://
39%
A;
28%
*30%
.,
57
16%
28
31%
74%
39%;
/16
16%
75%'
57% A
56%
38 3i
?
29% Feb
24%
24% Jart 29 /
•
A hug
32% Dec
;
27% Mar
32% Jan
! 2% Jan
.
10
:
-106% Oct
■
;
175 A' Jun
'r
29% Apr
56
-
2
7% Jan 29
70
Jan ?: 4
15%
20 %
8
8
.
Oct
A
75Va Dec
'A/149% Dec
106% Sep
' 4% Mar.
23
71%
171% Feb
3
283/8
A 109% Jan
,
..
Dec
N9*
"
13% Jan:
,
10
Feb
83
c
7
Jan
2R
8
7
4%
35 Y2
Park & Tilford Inc——
1 / *
26,200
Park Utah Consolidated Mines—_1
5,900
f Parke
Davis & Co—
—No por A
2,900 0 Parker Rust Proof Co—2.50 A a
2,000
Parmelee Transportation
No par
■
14,800
Patino Mines 6c Enterprises— —10
23%.;/; 24%
.
47% -Ten
110%
llOVa Feb
.
;
42
46" ;
/ x60Va
Jan.
Jan
Jan-
Mar
Jan
Jan,
6
Mar
16 % Jan
\
.
19% Jan10 •
,4
Panhandle East Pipe
2,200
16%'/ 17%
24%
*73%'
*■
%
:
45%:
49
1
A.i
Jan//3 1
.12% Feb ! 5 c,
/5% JanJan ^1
A 27> Jan 10 A/a 16%Mar
•
.
17
23%
Jun
Jun
148
\ 39% Nov
; 17Jan17.1 a 41". -Mar
"162" A, Mar'
110% Jan;
2
•
♦lio
;'/■
6i
32
25 V*; 25%
'■?* 46% - 47
<
45%
12
43%
12%
82
38%
A: 28%"'
♦113
a
40
-
<12%
12%
6%
74 aa:
40
»
15%
113%
7%,
•56%;: 57%'
A
28 Vz
11%
-
•
; 33%
*74
15%
76
Jan
28
•
Pacific Gas 6c Electric^—25"
Pacific Lightipg Corp...!——No por
6,600
100
110%
81%
69
17% ; ;i7%.
; 24%
16%
*45%
■
94
*106%
110%
*109
A-
.
-!
113
12 Va
-233/4
40%;
,25%
:
49%
92 %
44%
38
32
44%
46%
15
I
Line—No par
37% Jan 3
4ft
preferred
——100
108ya Jan 4
.22,000
Panhandle Prod. 6c Ref,
1
11% Jan 31
3
500
Paraffine Cos Inc.w—^.^—No per * ; ..76 V» Jan
—. .//A
4% conv preferred
;—100 A 108V'2 Jan/10
:3°lonf> v Paramount Pictures Inc
l; .;/,A52% Jan : 3
45%
81%
,///
-
•44
45%
*110%
12%-
-7%
38%
*113
25%
45%
44
45 *
■
25%
Jan
21
Feb
1
693/4 £,71
65 "
ik.
,
16%
46% /:47/:/;
93
200-
f
; si
-63%
28%
31%
.,'46%
*92%
p
64%
7%
40
*113
AA
25%
19
.
♦109
70
56%
28%
31%
55,500
72
163»
28
A
113
.25%
•t.
16%.
%
2,000
122,400
12y4,
72
57%
.•/28 V#
10
Jan
,
:
,40%
16%
v:
130
39,800
12%
16%;
40%
;
25%
24%
56%
Co
■
-
.410
27
8i
-
790
*110% 113
16%
57 %
Jan
36% Jan
75%
-
12,000
'45% -46%
24%
40%
35% Dec
'
177
♦18%
17%"
39%
'
iv.19%
-
24%
•
24%
56%
58% Oct
45 / Mar
2i'% Ja#r
32
Jan
28%
Jan
(The)
—
preferred A_
■•/■'
1,200
81
'
,
:
Dec
Dec
27% Dec
,
-
1,100
12%.
,38%
31
24%
V."
7
18% Jan
;
'Nov
%
38 y2
-1,200 T " Pacific Amer Fisheries ln»^,
a A\l7% -Jan/ ,3 ~
Jan' $2'
.
JV/a / Jan
2
V 22 % Feb
6 ;/> 11 % Jan
310
Pacific poast' Do———:;/>•'J8> Jan
83
Jan 15*'; -45y* Mar1st preferred non-cum
No par
80 'Janv 2 ■
-12%
•
113
68%
7%
;
-■; X16% Aug *
103 Va
121
Outboard Marine 6c Ulg
Outlet Co—
A
Ovens-Illinois Glass. Co_——
10% ,10%
45%
*63%
39
30%
24%,
;;
A"
71
:
*109/
32
17
-J
6%
-
151%
*176%
-19
81
65
47
105%
8
9
48% Jan
246
Jan
,
por A
50
Oppenheim Collins
81
81
-
12%
12%
69%
64%
0:0,T:0.
A
Jan
AUg
49% Feb
29
<
/
•Otis Elevator
63%
>26%
25%
45
113
68%
65 : A
176% ; :
*18%
82
/Nov
110
Jan
4% ft convertible preferred.
8ft
44%
151%
//
*110
A Dec
109
Jan
19% Jan
Omnibus Corp
83
A
26%
12%
37
Oct
111% Jan 30
xlbr/a Jan" 14
:107%,Jan
;
No par
s
Oliver Corp.
j
v
,37
152%
12%
113
12%
82
4:65 -A
/".■-
*110
12%
Dec
106
'
No par '
Telegraph
Ohio Oil Co_
63%
•10%'
46 Va
35
8
59
57
100 V
$5.pfdJVo
Airlines
Ohio Edison
.44%
A
10%
25
17
134
35% Jan
Norwich Pbarmacal Co,—a.—-3.50 '
22%
♦78
•26%
18%
44%
/f 45%- 46%
>109%' 112%
12 y*
-
40% Jan
3
25
1
Ry,:—
19%
:-36
V-
-80
176%
10%
27%
12% ',12%
25 %
25%
V 25%
25
*18%
64
80
*151%
177%
10
27-
■
27%
-
-37%
/•"63%
152
*176%
.
;
•
82%
36 A
81
152
22
•;<44% /44%n
'
Aviation.
X19%
;i8% r/l8%:
>
22
*78%
-
/ Feb
Jan / 2
50% Jan
123
Dec
30
103
'
4
„
.
A- 61% Dec
108 Vz Mar
Jan.
14
109% Jan
10
110% Jan 17
Jan
28%
15% Mar
.
Dec
Nov?
29
As'32A/JanV:/*/
43
30
Dec
29%
,
Jan
64
108
Jan
!
2
107'A
Jan
7
5
108
33% Mar
•
,19%
2i%
.
36%
64%
so
-
83
-
18%
'
21
44%- -44%
i:
151%' 151%
A
•
36
>
" 64 -; /
,
18%
21.
> 44% V 44%
■
18%
A
Feb
32% Jan
3
Dec
Jan
57% Jan
100
Preferred
■:
>" 18%.
>20
26% Jan
————10 /
Nor walk Tire 6c Rubber
87%
,
10%
$ 15
106 % Feb
pfd—100
pfd
Adjust 4ft
Northwestern
87%
.
25
—50
Co—^—
Northern States Pow
34%
957/
87%
Y & Harlem RR
17%
,.*93a£
95
33%
39%';
,
Jan
* Dec
24'/a
26% July
.
18
Northern Central Ry Co———50
173
*33
.
10%
69% Jan
North American
.•„•31/
-
8
A
28
.</
35% Jan 16
non-cum
North American Co
-
119
3834
-
28% Feb
20 O. Jan
•
3
Sl.ipbldg/Corp part stk^.—^1
Noblitt-Sparks Industries
5
Norfolk & Western Ry_-__
100
;ll8%
*172
*4
33%
*93 i*y
A
♦30
-39'A.
173
33%
95
87
30%
a
*171%
85%; Nov
A 36
•
Nov
2
N Y
33%
119
102 »A
57% Jan
50% A/
17
2
32 y8 Jan
N Y Power & jUght 3.90 ft
109%
22%
16%
v
1093/4
112
*117%
Jan
No par
100
57%
.
29
Brakew^i-.—No par
17%
f
32%
18
Jan
6
19%
22
v
118%
38%
173
x34
95
30l
,
39%
*171%
N
345
114
49
Jan
■
106
21
.
14% Nov
t
'
Apr
29% Feb
*56%
18
Jan
Jan
4
15%
45
7'%
Aug
7
57%
;
*110%
17
118%
30
,
39%
•
17
17%;,
118%
j47%
19%
A
33%
*295
113
*113%
!&9%s5i%
*56%
22%
100
.
<
.-
15
31% Feb
32 y2
33%
114
,18
21%
*58
1,200
-
52
*112'A
343A
46%-
,
t
36%
^7 <
"62
Dec
33
.
22%
18% Jan
6ft
.
Dec
Jan
59
65
24% Jan
Central
35
7
13% Jan
-
/Nov
25
2
32
■<
Dec
Nov
Jan
90% Feb
19
Dec
1991/2
167
,
Jan '
34% Jan
24
Dec
37'%
16ye
•
Jan
25
A
■
A
21A
r
11
24
101V* Jan
preferred series A
*.-100
N Y City Omnibus Corp—No par
New York Dock
No par
$5 non-cum preferred
No par
1,400
123 %
15%
113
*112%
46
36%.
*25,.
A
/
Yorir
Jan
12»/4 Jan
36% Jan
N Y Chic & St. Louis Co
1,700
126%
276
31%
15% >; 15%
113%
53%
*50%
33%
-
*112%
114%
;"i
:
New
4
20 % Jan
:
•New -York Air
1,900
51,900
-
25
41% Feb
•V 29% Jan
.
ia
26%
33%
50
40
Sep
"
Jun
108
Xl017/« AUg ,;
24
Ja»'
,
313,4 Jan
No pat
--1
4% ft conv serial preferred—100
Newberry Co (J J) New
No par
a
3%ft preferred
1
100
New Jersey Pr 6c Lt Co 4ft pfd-100
Newmont Mining Corp
——10
Newport Industries
1
Newport News Ship St Dry Dock.—1
1,700
64%33%
51%
51%
110%
25%
16%
■
.
'126 i
*
.<
27%
h
114,
64%
NO pat
Sep
152
■
•
A 345
109"%
26%
/A" 32%
.
39%/:
A; ' /
v
62
;
,345
35
19%
A
173
*33%
;
*36
28%
w-
177
19
68
A-81
Co—--'<—£.1
Fibre
2
Jan
,25% Jan
26'/4 Jan
*vW—«—.I —
Jan
10y8 Jan
Neisner Bros Inc
6,500!
': 1,600
11,600
•
32%
<32%
53
109%
34%
i8%;
■
*93
*295
34%
57%.
17%
39%.
*58%
/,
p
-
.*25
.27%/,
*59%
62 /A;
33%
118%
*2.9% ;
36%
v27»A
33%
'
>
36%
*25
33%
118%
*171%
*52
49%
28%
.125,;. 128A/>';;
273
22%'
17%.
53 7 "
'
>
a
Vulcanized
mOllloa
A 26 y8
170
54'/2 Jan
-
12% Mar
Jan
-;■/13'
28
29
3
Dec
2 76
Dec
/ 54 lA Nov
199
223/4 Jan 21
30% Jan
.
Dec
Jan
/ 35% Jan
;
24
12
Nov
A ll3,4, May
•
Jan
f165fft;-JattAa;
Dec
38
•
20'/2 July
Jan
.
3234
19%
40%
Jan
38
30
195»/2 Jan
j
Jan/
108% Jan
32% Jan
100
preferred
Tea; Co.—
Nehi Corp
300.
r
31%
33%
*123
18-
33%/
*117
.
„
-
111%
A
,
Nat
iuo
4,200
i
36%
ill
49;
65
33
1221%
52%
32%,
*118%
'£ ?3
x65
34%
274%
*56%
112
65
?
33%
; 50%
48%
22%
-V
65
?
50%
*113
19%
:
31%
122%
33%
•>,
106 A
36%
Notional
■■
6,800
60 A
*108y2
29%;
272%
17%,
:! 19%
31%
28%
52%
*112%
/
♦110%
29%
274%
16
/
A
*108% 1110: A
J22 %
57%.
•
37
A
;
.
29%
28
'
-
108
272%
53%
-
17%.'
♦57
37%
'
33%
114%;
so ■:
v
37
i
4%ft
/
60Q
I.FitO
,v
,32 V4:.
*58
A106
49%
110'A
*50%
32
.
60
*121%
34"%
t
62
'27%
107
59%
122%
16%:
;
*112%. 114
32'A
103%
*106
,
c
111%
.,27%
27%
270% 274%
33%
16'
/
32
103 %
<The) Pa-
/.
29
106 Yb Jan
25
No par
10
<-40
:—
Steel Corp
$2 oonv preferred——
2,900
It 74
*121%
122%.
33 %
?
19%;
14%
48%
345*
27%
52;V:fi
Mr 274%'
;/ 52
19%
130/; 130,
110
A
/
19%
*110%
,
295
28,100
23
14%
32%
36%
*58 A
,
109%
National Supply
"31%
14%
'<
49%
65 A:
)'
9,600
/ .31%.
27%
111%
34%
130
;
National Sugar Ref Co_i
•'
32%
A:
52 »/2
*58
V
29%
;
National
1,900
103'A
28'A
49%
A/
65
*295
'
36%
33
2,900
/.
28 Vs
107
108
49%
<••■
A;.V
33%
:
67% Jan
& St'l
11%
90%
90
Jan
.
14
>24% Jan
10
*33%
22%
*110%
33%
36 ft r 36%
25% * 25%"
<
103
2,500
,
37%
A
/: 49
60%
.19%
'
115
*59%
23 y8
'
>
*110%
33%
60 '/a
8
12,V Jan 22
84% Jan
National Linen
Nat Mall
46% Feb
Apr
12% Mar
;
Nov
4iy8
31%
,
share
t per
share
13
'" 24%
16
28
Jan
Feb
i
Service Corp
1
Cast Co
No par
National Oil Products Co
4
National Power & Lt——No par
1,400
/
V 48
7ft preferred A—100
6ft preferred B
100
5,400
A
t'
*60% <60%
34%
53
-
53
:
A
*106
*108
49%
■
27%
.
•:/
38'%
19%
28
14% Z15 Jv
32 A 32
60
39%
23
11%
,
14
'68
Stamping—,—No par
National Lead Co
a/180/
V
*22%
37%
31% >31%/.
19%
106%
23
22%
103 A
'/A 27%
66
;33%
.<
23%.
-31%
32%
60
106%
200
29
A
Highest
Lowest""/'
g per
share
21 y2 Jan
;k 11% Jan
National Gypsum Co——;
1
$4.50 conv preferred—
No par
8,300
33%
15
32%
:
,
107%
35%
11%
90%
v
No par
220
169
33
,
33%
19%.
,
14^4
32%
60%
.
*106
27
v-
18%
35%
No par
No par
10
per
Prevloue
Year 1945
AA
43
17% Jan
Nat Enam 6c
Range for
•
45% Jan
4
A 34% Jan
37% Jan
7,900
108: ,<
197%
11%
89%
102%
102%
;
*167
59
90
23%
*107'/e
*196
11%
31%
1
$
27% Feb
-1
200.
,
169
68
89%
A
198
*22%
38 3i
'
: 38%!
*108
102%
.19%
14%vl5
K-::
/
27%
;
19
-32
,
*59
*27.
,
19%
,.14%
»•
:
36%/':
197%
33
"
/
Nat Distillers Products
24,300
-
27% -28%
108 vA'/
*167
397/s
/./" 11%
.
27% >28 A//
23
39%
65
t
_
30% Jan
/ 37% Jan
Products
National Dept Stores
6ft preferred
5,700
-
73
•
Highest
$ per share
Nat Dairy
12%
*62
36
197
40%
■:
•
National Cylinder Gm Co
/A 13,800
46%
iV
68
108
■A
168 /
2,800
19%
42 y4
*12
.
A 65
*62
.A
167
19%
45%
12%
'
37%.
V
No par
4,200
.'.
n
.r
.
lowest
'/'///ppA
/P-p/A/Apa /yc/pp;^/ far
Nat Cash Register
National Container
k'-.
V,
Range Since January 1 >
AvAApy-A; EXCHANGE
O-0:2,800
27%
41%
73%
!28%
108
197
An
'
58
11%
195%
V
41%
28%
;//•/.: 36%
v
45%
*12A
66%
>" 107%
37%
168
170
23
28%
108
37
/
■71%
78
*63
43%
27%
42%
45'A
12%
76%
65 /■..;
28%
107%
-
(
77 %
:•
20
41%
A
46%
♦12 A
12%:
28%
*107%
37%
-37%:
:
12%
75%
/
66
28%
>
*12,',
78%<
45%
Vz
43
V
•
•
'
•
66
Shares
43%
27%
20%
-*i2iV
the Week
• per share
• per share
44%
27%
A 78 %
Sales for
Feb. 8
27%
27%
43
Friday
:
Feb. 7
44%
.
■ 'STOCKS
/.-A.AAC •';?•'
>;.A:;</i A NEW YOKK-STOCK
//•r;/A ifO..;
r"«i*y • >
Feb. 4
'
14
35J/4
36 V8
71
112
28
27%
118%
17%
41%
Jan
10
10Vg Aug
Dec
15 Vz
NOV
,36%
Dec
Jan
•
5
■41% Jen
Jan
21
42% Feb
6
Jan
;
7
76% Jan
22
'57 A
Jan
•Feb
1
117% Jan
18
106 Vz
Jan
Jan
4
30% Jan
30
21'/a
Jan
29%
Nov
Jan
3
31
Jan
30
Jan
29'A
Nov
,
25
117
Jan
'
Aug
a
40%
Dec
71%
Dec
115
'
122
Oct
Apr
Jan
10
120'A Feb
8
Jan
21
19 y8 Feb
5
19%
Nov
17
447/a
Dec
Feb
8
47
Jan
Volume
163
Number 4463
.
THE COMMERCIAL & FINANCIAL CHRONICLE
,
NEW YORK STOCK
•
793
RECORD
LOW AND HIGH SALK PRICES
'>#<
STOCKS
'
....
Monday #:#;
\
Saturday
Feb. 3
Feb, 4
S per share
J «««day
$ per share
#5574" '5774
*109 '
-
57
108%
32%
*30%
'.*30%'
*123
56
ilfl'.f
132
53 7'b
*123
132
'V.
34%
34%
108%
108%
*125
.
104
24%
S
share
per share
54%
52%
5474
5374
105%
*32%
106%
107 %
108 ;.
83%
32%
32%
33%
*31
"
*125
132
x34%
35
108%
1?5
*125
132
'
.
53%.
110.
135
104
* 103
:
10374
:
f
per
Highest
share
52% Feb
5
105% Feb-
7
32% Jan
125
Jan
10
PUlsbury Mills Inc———25
32% Jan
3
$4
preferred
Pitts
$5 conv
2374
Pitts
—No par
C & St
Coke
&
Jan
127% Jan
2
Pitts C
share
Jan
36
7.
* 1574
per
Lowest
$
per
28
,109% Jan 28
21
52% Feb
Hosiery
S
71
3174 Jan
103%
23
100
-
Lowest
$
share
t per share
.
107%
Sep
14% Jan
; •.
8
2.9
111
Mar
124
Dec
Jan
15
44%
Jan
.:
59%
Dec
11
11
jan
v
35
Dec
35% Jan
15
25
Jan
37%
Nov
12
10% Jan
#2
1 574 Feb
8
102% Jan
25
10574 Jan
23
#'#* 85%
Jan
21% Jan
7
25% Jan .28
20%
Dec
*1
Dec
Jan
106%Jan
Consolidation Coal Co,,,
Sep
Apr
34%
59
Feb
110
100
Co—No
74
113
V
b#; 41
par
RR._
preferred-
Highest
56% July
-No par
Louis
Chemical
I
■Range for Previous
Range Since January 1
Tear 1845
8
Pncenlx
135
•
'4^*;#1*»*.
Phillips jones Corp
No par
9- 7% preferred--*,
—,100
Phillips Petroleum———.—No par
110
1574
24%
24
•
preferred
3374
*125
14%.
14
■
Philip Morris & Co Ltd—-15
3,000
300
STOCK
%%%$$
#•#''it -■'##£;'./•'#I■■ Par
106.700
•
YORK
EXCHANGE
39
# 3374
34%
*108%
:
130
•
527a
*37
;
*125
-
14%
23%v 24%
*125
53%
38
NEW
V
•
*109
108%
14%'
Shares
54%
107%
103% 103%
24%
the Week
52%
53.%### 52%
33
■, 1
38
*125
14%
S per
Sales for
Friday i
## Feb. 3
■/
106%
132
53%
35
135
1
-14%
*103
.
*36
.
I per share
'
9
55%
33
*125
:
54
39
Feb. T
108%
33
'
*37
52%.
107 V3
33%
# 53%
5374
'
109
Thnrsdmy
Feb.®
t per share
-
,
Wednesday
•.
Feb. 5
'
>
1, '
305
Sep
118% Aug
•
—
108Va
Feb
126
.
8'4 Mar
■
Sep
11%
106
Dec
Dec
23% Nov
Pittsburgh Forglngs CO—Ll'
Pitts Ft Wayne & Chic
Ry
100
7%
Pitts
preferred
Plate
100
,,
Glass
Pitts Screw &
Co
_10
Boll
No
1%
preferred
5%
preferred
5%%
*198
y<
34%
2874
30
30
24%
24
24%
23 74
2 3 74
Plymouth Oil Co
34
34%
3474
*3474
3474
Pond
par
*24%
2674
26%
8
26
27%
34 74 Feb
25
29
28
Poor & Co class B——No pat
Pressed Steel Car Co Inc,——,*1
2774 Feb
7
29 % Feb
5
-
;
Plough
28%
6174
67%
62
68%..
67%
68%
67%
67%
67
39%
38 74
38%
37%
3774
# 37'%;
27%
i
28%
27% ' 2874
27%
2774
2874
28
62%
2874
6174
63
62
28%
28%
*11274
113%
111%
112%
111
11174
110%
123%
123
123%
120%
123
120
.
67%
/
3774
27
2674
121
,
110
111
120
:
13474
133%
134%
135
148
148
%
147%
148%
149
*114% 115%
135%
# 149%
6
Jon
17
1%
■■115%
106%
Jan
#126
18
110
Jan
138
17
Jan
Jan
17
121%
Jan
115% Jan
II
112%
Oct
69 74 Jan
15
23
Pure oil
47% Jan
.—No par
65%
Oct
2374 Jan
10
17
24%
Dec
Jan
29
106
3874 Feb
4
22%
111%
111
37%
37%
37
115
66%
-
23
111
5%
#3774
(The)
—
—.
preferred
-—*100
Purity Bakeries Corp—No par
conv.
113
Jan.
May
; 23% Jan
Quaker Stato oil Ref Corp.
1874
110%
8 9 74
2074
111
49
37%
103%
17%
3974
39%
2574
40
39%
2474
25
40%
39%
40%
112%
11274
24%
*112% 114%
2474
24%
24%
1087B
108%
108%
112%
'
113
10874 108%
38%
3874
109
.
41%
130
1087b
'37'##37%
3774
38%
120%
121
118% 120 %
118%
120%
*25 74
108%
# 41'
*125
#
18%
30
30
3974
114%
2474
38
38%
*102
*112%
2674
38
v
49
26%
26
25%
2574
25%
2574
39%
4674
3974
40%
3974
40 %
39%
.45%
46%
*45%
4674
45%
106%
106%
10674
10674
60%
60
61
106% 106.%
62
2674
26%
26 74
1137b
113%
62%
11374
X1774
1774
117%
119%
2874
62%
*113
17%
1674
16%
115
11774
115%
11774
56
56%
56%
56%
106
10974
106
110
107
109%
107
58
'107
106
63%
27% ,J8%
113% 114
109%
*56%
1674
63
28
28%
113%
■
;
.11374
1674;. 16%
109% Ji4%
56%
56%
*107# 109%
109%
109%
*106
107%
8t Joseph Lead—,————10
Safeway Stores,.**--—--*—-—5
5 % preferred———,
100
36%# 37
77
77%
3074
1674
167/b
4274
2174
•,
43%
2174
113% 11374
2574
25
3774
2374
38
105
Ravage
27%
105%
3274
25
1374
14%
49%
50
48
# 45
f 44
*44
19%
'
20
1974
*57%
2374
24
*23%;,
<
1374
23%
58
•; 57
'
-
1674
17%
Seagrave Corp
x42%
43%
•V 21%
21%
*111% 113
Sears
Roebuck
&
,
8teel Corp
32%
Shell Union OU
Pen Co
20 :
Sinclair
58
Oil
Corp
"
Skelly Oil Co
2474
23%
81oss-Sheffield
#
-
Steel
Iron
&
$1.20 preferred
&
20
No par
Smith (A Ol Corp—
Smith
No par
—15
———10
Corona
8%
3474
58
South
#
18374
Socony Vacuum Oil Co Inc
8 %
Porto
Rico
Sugar—No par
100
preferred
38%
Southern
California
26
25%
Southern
Natural Gas Co
64
65%
66%
Southern Pacific Co
page
795,
13%
Edison—
25
7.50
No
par
May
Jan
July
24
8
No par
—No par
Slmonds Saw & Steel
/39%
footnotes 'see
74
59
'
Silver King Coalition Mines
Simmons Co
*
25%
For
Jan
12% Mar
No par
No par
15
(Frank G)
(W A)
3474
185
.78
No par
No par
Shattuck
2374
7% Sep
16% Jan
No par
No par
Sharpe & Dohme—
$3.50 conv pref ser A
1474
Oct
17% Mar
107% Oct
$5 conv. preferred
#50%
Oct
Mar
,1
Typewriter-No par
15
8outlv Am Gold & Platinum
.,1
Southeastern Greyhound Lines
5
#59%
59%
*180
35%
Nov
$4.50 preferred i,*-*No par
8%
8%
3474
7
—No par
Co
Servel Inc common,——*.
/
65%
*—,—9
—
37%
17 %
17%
38
22% Aug
84%
37
17
•
29
5% preferred series A w i
100
Beaboard Oil Co of Del——No par
Sheaffer
2374
.
85% N 8574
37 .#
'
Seaboard Air Line ctfs w l..No par
80
45
Nov
108% May
f
37 Va
25%
*75%32
'Vu
7774
27%
32%
'•'9''-
109%
3074
-
82
75
s
4174 Aug
Feb
x42%
Shamrock Oil & Gas——1
27%
2474
8
Bharon
82
75
,
40
2774
24%
—*.
30
77
;
105%
86
*81
Arms Corp,
Jan
19% July
Schenley Distillers Corp——2.50
Scott Paper Co
—,—No par
$4.50 preferred
.—No par
;
$4 preferred^*.,^*,w,—--.-No par
2474
39%
105%
# 3674
37
110% July
',#• 8 % Mar#
v
! C,fv%
30%
Dec
Dec
Nov
No par
11174
74
lsov'
No par
23%
18
u
Pullman Inc
111%
38%
89
27%
Pub Ser El & Gas pfd $5
110%
20%
V
67
65%
38%
Feb
2
126
115
115 #
671/4
22 74
38%
10274
Jan
150
preferred,,,,,,——-100
10
136 74 Jan
100
28
66%
22%
114%
66%
38
preferred-,.
4
2972 uan
115% Jan
*11474
114Va
38%
38
39% Feb
Corp of N J—.No par
$5 preferred—*
—No par
6% preferred,-,
,,—,,**-100.
8%
23%
112
ser
rub Serv
.
136
6674
*110
10
Feb
149%
66
113
25 74 Jan
70
135%
2 3 74
74
♦110
preferred
No
63
149
x23
115
6674
3074 Jan 29
__b
Pocahontas
A,*—*-,50
12174
6674
114%
22
133%
1 34%
Creek
7%
Procter; & Gamble,,,,,* ,1,-No par
Public Service Co of Colorado____20
'
1148
Inc,
4% %
111%
123%
*
l
—
30
39%
148
-100
30
67%
133 74
100
***-100
*32%
62
6774
100
pfd
30%
'
2874
61%
A
pr
24
25
23%
2774
V'#'.;
</
conv
__1G0
29%
30%
24
34%
2474
^
y
class
ser
par
B
Pittsburgh & West Va
Pitts Young & Ash pfd-.
Plttston Co. (The)—
-,
27%
30%
1st
class
par
No
Pittsburgh Steel Co
Aug
574 Mar
3274
r
Jan
30% Feb/
14 74
Aug
41%
Jan
15
Aug
2274 Jun
48%
Jan
29 Va
July
13%
Jan
4% Aug
2074 Aug
40 V4 Apr
155
Apr
26%
Jan
17
Jan
38%
Jan
Xl48% Nov
118
Jan
#112% Nov
35
Nov
794
NEW YORK STOCK
Feb. 2
59%
86%
87
*87 %
88
96
*93'/a
95
/; *93 V2
24%
v,
24%.
:// 24
24%
13%
13%
'.
*95
45
45
:
38%
38
79
i
23%
98
98%
98%
98%
98
98%
98%
99
67%:.
68
67%
68 Va
68
68
67%
68'%
24%
67%
"
40%
40% '41%
41%
40%
114-•
114
114
114
41%
128
128
127
127
127
137%
138 Va
137
46%
46%
-■47^'q.
41%
41%
41%
41%
41 Va
42.
68%
681/2
67%
68%
67%
68%
45 %
*107
24%
33
;
48%
45
,
45 %
32%
108
21%
32%
*123
124
/.?#' 9
9VB
130
130
51%
39
■'.??
41
40%
34»/2
*107%
16%
16%
41%
34%'
38%
15%
/
16%
15%
15%,
14Va. .15%.
12%
19 Vt
12%
12%
'
15%
14
#12%
12%
'#:.
:
!9%
19 Va
108%
108%
58 Va
58%
5 8 V4
59
58 lA
58%
10V4
10 Va
10%
10%
10%
#>#14%.
52
:
•"
21
20%
•
•.
19%
••
*''••'•
50; #
53
27%
19%
,20%
;
'•#.• 50 # #
51% .51%
51%
26%;
:•##. 26% #26%
20%
10 y8
l,OUU
Superior
Sutherland
39
40
40 5
35%
39'A
*108 V*
108%
«
■,
49%
30
62
7,500
,'■
9,600
230
26%.-,26%
5,800
' 19%
13,200
19%
29
>-
17%
*16%
16%
16%
.#
68
*65 Va
13%
63%
13
18%
63 %
# 113
*110
62
';#'
#-#65
66 %
*65
21
21 Vs
#.
49
49
'
64%
62
62
47%.
64
64%
19%
19%
60%:
57%
59
60
32
31%
33V2
32%
11%
11%
11% •12%
*112# 113
19 Va
20%
#>/
12%;
12 V.
20
32
31%
111% / 112 -: ;u
i8«A:
19
41%
41 iA
41:;
107 Va
107%
*107%
107%
53%
53%
54%
52%
54%:
51%
66 V*
66%.
67%
67
67%
19
64%
/
*104%
105 %
*104%
18%
18%
18 Va
•104%
18%
175
*162
59 %
25%
25%
73%
:S:
41%
*107 %
110
52%
51%
59%
•
105%
13%
23,200
5,500
—
'2,000
175
# 53%
58%
*145
—,
750'
-•
59%
59%.#,
24%
24%
23%
24%
74%
m
75%
75%
75%
1,500
mil
26 Va
108%
#
26%
74%
■'";: 25%
26%*
"
115%
26%
20^2
26 %
108
108%
107%
IO8V2
13,200
*114
lHTa
*114
114%
40
113
109%
9,800
# 108%
115%: 115%
26 Va
108%
25%
1C8 %
> ,73
# 72%
72
*114%
116
*114%
115 Te
30
261
-
*114'A
116
*114%
♦113
115
108
*113,
.114%
*104% "
*104%
166
115 Va
165
*115
115
25%
26
164%
161-'
115%
115%
41%
-
*1041/2
25%
164%
114% 114%
41 %
•41%
# 115
*40%# 41 Va
41
41
•164
#
*104%
26
25%
26
168 Va
164
114
*104%
—
255a
25%
25%
4lVe
•
117%
35%
36%
117%
.35%
#■/■
II7V2
*115
48 V8
117
161 %
>
36% >
117
46
491/a
161%
49%
49
36%
•
>351%
.
#
47%'#:
•■••••?
*109 'A
*109%
113'
86
86
83 'A
113
•••;:
13%
13'A
34%
25%
25%
6%
6%
51%
51%
51
51%
30%
31
30'A
30%
15
15 %
15
15%
84
20V4
115%
11.7
-
.;
117
36 VA
*115:.*,. 118 :#
.1-:
.:
46 %v
55
55
58
12%
12%
30
30
♦105
107
40 i!"
29%
29
For
footnotes
40
##
•
•
113# .•>/#: *109%
80%
82VA • ,
*33
33%
12%
12%
25%
>' > 638
30%
30%
14%
151/4
85
84
20%
20%
55
55
55
113%
114
##•30%
##; 14 VA
•
20 V4
55
.
113%
s
14%
83
-
83
2C%
*531/2
54'%
11334
# ■ :•
114
#
/
40
113
I# 2,300
#
1,900
>
82 >A
34»4
12%
2,600
,f>-
200
19,400
25 Va
•
51%
30%
14%
14%
*80
2CV2
84
20%
500
139,700
6Va
v
51
500
r
23,900
46%
155
..#30%
■
30%
20%
-
;;
#'
513
14,200
4,500
•
9,800
2,400
'20
4,500
•
27'A
57
110
58%
110
12%
29 %
29%
2.9%
30
106 lA
106
28%
795.
27%
27%
27%
1061/4
28
•••■
57%
110
28
58
110
.33%
Jan
10
56
Jan
•
11
27%
56
*109%
*1.?%
12 V4
12%
'29%
3OV4
29 VA
106 »A
10614
106%
27%
28'A
27%
17
2
■/.
f
Feb
8.
Jan
15
Feb
6.
10%
Feb
6
18%
1H% Jan
16% Jan
2778
14.200
United
6,200
United
5434
*109%
12%
30
12 Va
29
56 VA
60
110
12%
30
•1,600
7.4C0
•
26%
1^6%
271%
*106%
26%
107
27%
130
3,400
Dec
Jan
28
Dec;
Jan
22
Oct
Jan
24
Nov
Jan
33%
Dec
United Fruit Co
5%
United
Gas
Dec*
Dec
Dec
Dec
38% May
32%.Feb 8
64 Va" Jan 28
7
7
,.
J4
Dec
13% Dec
19% Dec
' Ho -Oct
« 62
Dec
io% Dec
51% Nov
55% Nov;
31%
61%
18%
104
f
x93% July
6
9% Mar
-
' 88% Feb 0
53% July
1 k 15%. Jan 4 ,, 10% Aug
"8
19 - Jan"28 # >13 ., Jah
2
68% Jan 28
45
July
29
1J2
Jan 29
106% Oct
2
13% Jan 29
4% Jan
12
68
Jan 29
31" Jan
,
.
22% Jan 10
110% Jan 29
60% Jan 29
66% Jpn 15
/#''
21% Jan
71
7
5
3
Jan
33% Feb
9
9
7
29
>•
4
106% Jan 10
18% Jan 30
172 ,Jan 28
60 Feb '5
.
.
9% Jan
412% Sep
42
Oct
14% Jan
147 * Jan
50 Jan
67% Feb
21% Jan
4
3
.
3
3
Oct
15%
19%
66%
112%
9%
61%
25
34% Mar
102
May
42% Jan 29
4
Dec
15% Dec
Mar
-Dec.
Nov
Nov
#„
Dec
Jun
16% Jan
Dec
'101
Sep
- 107% Nov
34% Jan
52
Dec
50
Apr
66
Oct
#.' '#■•## ".. ## * ■ - •.; v#;*
10 Mar
23
Dec
26
Jan
79 ^ Dec
18% Jan
33 "Dec
5
Jan
10% Dec
112% Jan 4
103
Jan
20'% Feb; 6 - 10% Mar
2,
7
Dec
Dec
64% Dec
8
39% Jan
.
## 31% Nov
1' 20% Jun
14% Mar
#44% Mar
Jan 10
17% Feb
Nov
,
18% Jan:TL.2#'/# 8%' Apr
105
5
49% Jan 3
*105% Jan J8
r
,
112% Dec
17
Dec
40% Dec
109
Nov
45% Dec
Dec
56
106%
16
146. ;
; 52%
25%
,
44% Jan
26% Jan 29
71% Jan 22
77
Jan 3 : ! 266b
Jan 2
109%
Jan # 8#/115%
Feb 5
115%
No par
;.•
Improvement
Merch & Mfrs Inc
preferred
Paperboard
USA; Foreign Secur
$4.50 preferred
U S
j
Dec
Dec
40
24%
Jan 23 1 107% Jan 18
3
54% Feb 6
107
•
.
Dec
Nov
25%
Jan
Dec
Dec
Dec
Dec
/
—'
—.
25' Jan 22
140% Jan 2
112% Jan 24
1
Jan 29
Jan 15
Feb 5
Jan 17'
——-
27%' Jan 15
168 Va Feb 7
115% Feb 8
/##39% Jan 16 \ 42%:Jan
9
...—
t
Oct
Nqv
33
25
Aug
::
104
Sep
.:
31%
118
Freight
Co
..No par
-
Co,..13 %
com
1
100
11% Jan
10
23
No par
No par
No par
.110% Jan #7
23% Jan
3
48V2 Jan ,3
109 -Jan
4
66«
,
106
23
;
Jan
Feb
Jan
7% July
22
-cirtU
O
3
on 1/
25%
Nov
Nov
•
Nov
Jun
#9% Jan:
66
Jan
•:#••
5
88%
De?
Jun
10% May
17%
Dec
33%
Jan
52%
Dec
Mar
120
Oct
Jan
25
Nov
52
Dec
112
Nov
2
Jan
•## 13 #' Dec
July
29%
14%
58% Feb
108
Dec
Jan
22
3
'■>
15%
13%
29
21.
36
50%
6
30 % Jan
Jan
Dec
# 82
Jan
Feb
29
Dec
Dec
114
38Va
28
23
.
Jan
89 VA
Jan
Dec
40 #
PA
29
110
Dec
Dec
Va
200%
#:
Feb
Jan
13 Va Jan
4
Jan.
26%
•
38%
120
62
Jan
105% May
116
4
Jan
22% Mar
—
27 Va
57
45
137
#
■
Dec
47
106
9%
—
!800
Dec
25%
18% Mar
101% Jan
26% Mar
38Ve Jan
-
-
.4,100
Nov
20%
73%
■; 37% Jan 28
Jan ::3
119
Jan 18
Jan ^3
54% Jan
9
Feb >,7
179
Jan
9
Feb 6
41% Jan 15
United Biscuit Co
——No par
;34% Jan 3
115
Jan
5
% ' 5%" conv preferred
.,100,# 110% Jan 23
86
Feb
2
# United Carbon Co.—
No par ###78% Jan 25/
35% Feb
1
nnited-Carr Fast Corp
No par # 33% Jan 19
14
Jan 29
United Cigar-Whelan Stores
30c,r
HVe Jan
2
26
Jon 31
Prior preferred
1
20 ##'24
Jan 12
7% Jan 21
vUnited Corporation
—No par ##' 4% Jan
3
54
Jan 30
#;
$3 preferred—
No pat
47%.Jan 3;
31Vb Feb
1
United Drug Co___i
i
5
25% Jan#7:
#16% Jan 23'
United Dyewood Corp
:i
l91/a Jan 2
85 * Jan 17
,#
Preferred
100
73% Jan 7
20% Feb
6
■y United Electric Coal Cos....
,—5 ■ / 16% Jan 3
56
Jan 23
United Engineering & Fdy_
5 #.
48 Va Jan
3
54 %
Oct
108
Jan
.127% Mar
United Aircraft Corp——4—# 33%
5% conv preferred
—
100
113 ,
United Air Lines Inc
10 # 45;
A"
4V2% preierred
—100
153 /.
11434
Dec/
27
,34
Aug
34% July
101% Sep
'.;'T6;.'. Jan
6
9%
Dec
.68% Nov
19% Aug
105% Dec
15
19% Jan 22
57% Feb
28
Jan
9% Jon
No par
—No par#
& Paper
Carb
Carbide &
—25
100
4%
non-cum preferred
100
#Union Tank Car—t-——No par
54 V'2
110
33% Nov'*
mpiiiiimiiiipi
Jan 11
Union Pacific RR Co
114'A
,
57 Va
page
51
51
20'A
113
-.«
12%
15
*83
40
r,
33%
30%
12%
28%
81*%
13
50%
12%
see
39Va
.153,/•
25%. ,:## *25%
25 Va
•6 v4 # 6%
634
51 %
:
'
271/2
-
34 ••• #:
4
12%
106
•'• *25V4
15
110
*109%
34
'#12%
:
154.%%#
-.*109 V4
83/- 0-85 Va.
*83
114-%
56%
58%
110
■■-#
30*4
.
551/2
27%
27%
27%
♦1031%
.
".'>•.: 6%
50 3
20%
113%
1>33V2
6%
6 Va
6%
55
115
114%
■,
£153
•?
*109 VA'113 #•
:
34%
25 %
39
Dec
11
.49%
44%
'
35VV #36 ..-b# •#. 35%'
3.6%
155
59
112
Union Oil ol California
1,300
■
20 %
'
'■
#
Union
500
41-• ,-41%
46V4' ••47%- #• #45
153
:••#'
13%
13
*25 V4
85
*83
84
20
113
83
83
13%
25 V'2
6%
;
*109'A
35%
*34
35%
13%
38%
38
84%
*34 %
*25 %
.
#•
39%
*39
40'A
40'A
#
155
154
•
•
* 12% Feb
25|=# 17. .* Jan
23
99%
# Union El Co of Mo $5 pfd
No par ## 114%
•,
Preferred $4.50 series—-"—No par:
113
Preferrd: $3.70 series——No par
— '
Union Bag
2,400
•
170
*162
Jan
por
par
Corp—*—-—»—.2
Underwood Corp
10,000
25%
*115
-116%. II6V2
,
;-_
160
159
'
35%
,
2,203
■/.
,:■/
"60
<1.50 preferred—
+.~.~No par
<4,50 prior pia.——-——No Par
Twin City Rapid Transit-—No par
2nd preferred
-100
5% conv prior pfd———.i——50
Twin' Coach Co
—
—
'
18%
Dec
Jan
•v
28
103V4Jan 30
*#13% Jan
Trl-Contlnental- Corp—**.———-1
<6 preferred
~—--~—No par
* Truax-Traer Corp——*Nopar
Tubise Ravon Corp,
—-———1
' 4% % preferred ,—1—-—-100
20th Cen Fox Film Corp
No par
_
52%
64%
65
*104% 105 #,
65%
134%
38%
15
115% Aug
109 /
f # 16% Jan T9 ;v
lnc——5
Transue & Williams St'l—No par
4,400
14,200
42
*104%
105 %
175
*145
•25%
24%
>107%
18% #18%#
•/; 175
59%,
59 %
73%
,
*162
.<
•'# 40%
,41% >42#,#.
•107% 107%#
105 %
■
div conv -preferred———#50
Transamerlca
340
20
41%
107%
64
# 52
Jan
'59% Jan
27
' Transconfc'J & West Air
2,200
25,600
11%
121
Jan
10
■■
6.200
60
32%
11%
.111% 111%
.
111% 412%
20
20%
18%'
.
$2%
# Third Avenue Transit Corp.-No
#:#Thompso8--<J
Thompson Products Com— Na
/
4% preferred
9,900
Thompson-Starrett Co
—No
400
' <3.50 cum" preferred——«*,Nf
12,400
19%
i
67 %
78%
Jan
14'
Jan
,
58
20%
62
Jan
43%
-
-
-
Jan
2%
Jan
,
47%
64%
111%
18%
10%
,
48%
18
41%
I.
*
V
113
21
47%
,
;
Dec
49%
9
Dec
"
110%
.64%
48%
.64
64%
30%;
12 V4
12%
20%
109%
*108% 109%
Jan
28
Dec
Nov
w_,
12%
# 116
39%
112%'
21VV
21
a
1,100
64
4
Dec'/
40Va
107% July
18% Dec
*109%
.12%
Dec
39
Dec
15
22"%
Jan
100
Jan
pat #
8% Jan
par
56
Jan
15,900
• Tide Water Associated OU—- -10
20% Jan 23
430
'
<3.75 preferred —
No par /•• 1C8 : Jan 3
2,200
Tlmken Detroit Axle—'—.
-10
,46% Jan 3
3,100
r Tlmken Roller Bearing—,—sNo par
82 ,, Jan 7
##
•■'■ /.I ■•■'v/'/:;- %■#..■•■;■:;
■>•••'#> /':
#/:,##■ ##""# #• #■.# #
*63
61
23%
#
12 Va
99% Nov
Jan
v< 34y«
61.
'65
Jan
Jan
24%
35l/a
;
187»
"
48 %
'
*112
•> '• 65 >
21%
108%:
'
60
112%
12 Va
■
76%
? 37 Va
37 Vs Jan 21
107% Jan 16
12% Jan
2
Thermoid Co common,—wl
,
Dec
23%
32% Jan
3
32% Jan 22
i— v
5,500
13%
*18%
;
62%
*109 Vis
:.
#*65
##
61
/
62%
109 %
12%
18%
83% NoW
•
■
62
,,
;
# 480
68%
67%
13'A
-*i8%:
11,000
17/',:.47:%'
68 Va
12%
#•
;
12%
.#
19%! :
32
*
#.
21%/
48 Va-
20
31%
13
63%
65
lio
> 1#; 64#.;
64%
20
11
;
*108 V«
109
108 Va
•
:.
21
#
%
66
65
,
.
20
405
*104 .
'
17%
330
V
#'#700
18%
Dec
39
Jan
12% Mar
107
N« par
$3.60 conv prederred-w—No par
The Fair^^^d'^*—par
6% preferred
100
Thatcher Mfg Co,
'
62
.
47%
.
3,500
30,#
29%
#62
*17%
17%
#' 105
16%
*18'A
131/4
12%
*104
16%.
64
lii
♦110
:##.
#:V, 17%-
..
*103%
:.
18%
/;>• >.64 ;#V;
:
18
13%
-•
*18%
13%
13
.61
U
64
64
.
13%
*18%
is
*1031/2. 105
16%
:#'• 16%
105
*103%
29%
61%
17%
"#
62 %
29'A
61%
30'A
30
V#
27% Jan
,
2.200
•
'
*61 Va
'
5,200
Dec
'
„
14,700
:; v.
Mar
Tennessee Corp—
14,300
,41%
#51 ...•'.•.51%.
11
32
»
U% Jan 25 ,15% Feb 4
7% Jan
TeiautographCorp-—^—liye Jan 3 ! 13
Jan 15
7 V® Jan /
—
--.—5
17 : Jan ' 4
19% Feb 6
11% Jan
Tennessee Gas & Trans 5
pfd-100 ■/. 108% Feb
1
lll'/a «fen 12
105% July
Texas Co iThe)
,25 '
57% Jan 25r ' 62
Jan 17
- 48% Jan
Texas Gulf Producing——
1
-9%Jan
3
117a Feb 6 ' # 6% Jan
Texas Gulf Sulphur
——No par
"48
Jan 3# 53% Feb
4
,36% Jan
Texas Pacific Coal <Sc Oil
,10 26% Feb 6 > 29% Jan.(16 -.,.-18% Aug
Texas Pacific-tahdTrusti^Ui-V-l:
16% Jan ,3
• 21% Feb
I
13% Jan,
Texas & Pacific Ry Co————100
47 .Jan "3
; 51% Jan 17
30% Jan
•!
Dec
95' ••"•. Sep;"44% Nov
.;//
Tulcotttnc (James)——
.4,700
1,500
2,400
-
Feb
.
No var
-No par
preferred
:
Symington Gould Corp
$4
200
12%
19%
80
'20
" 17%» Jan 22
1
25
Co
Sylvanla Elec Prod's Inc
7,300
•'
&,
Dec
12%
Jan
.Jan 14
65 ; Feb
4
100
121
Jan 2
1 ;;
8% Jan .3
10c
20% Jan
3
No par
x31%Jan 3
25
126% Jan 4
100
36
Jan
3
10
38
Jan 21
12%
53% Jan
2
VSwift International Ltd—
#6,400
*109%,110 * ;
57% # 58%
50
2 9%
„
/#:
-45%
19%
20%
i, ',19%
..
16
15%
.
-
Paper Co
40% #
• ••
7%
.
awifi
108%#
15
11%
Co
Sweets Co of Amer (The)
39%*
12%
58%
■
.
*
#■ ■•'52 #; .53
27'A
(
26%
."49// ://;50%..
,
108%
'•
Mining
Superheater
52
"#"''■ 35% :-'-36
'•
.
39%
•
-
39
16
;
Steel Corp—
1,600
49
109%
58 «A
;
Sunshine
Superior
19%
19%
r>
Oil Corp,
Sunray
>#• 1,000
15%
*109
109%
*109
53%
.52%
27%#
•
1091a
*109
53
Va
26%
#.
'
(4%% cum)
# 131
50%
*48
—
'
—No par
—
Class A pfd
-
12%
,
Corp.*:—i
Co
(The)
Oil of Calif
54
15%
Chemical
108
24Ve Jan 7
,21 ; , Jan 8
;19Va Jan ,3
30% Jan .3
$4.50 series A preferred—No par
Sun Oil Co.
.5,800
39%
35%
16%
12%
10%
>;••
Sun
180
2,300
33%
50%
■
37%
108%
•'•#•16 ''
v:-TO19%";
*19%
#'
;
*129
40 %
•
35%""
39% '
103%
12%
50
*50
/
(The)————h^-1
33
130
.
3
5
i,
Camp
prior
Studebaker Corp
20
# 123 :
9 ###;#
22,800
# 8%
# 27,900
21%
21%
.33%
?39
'
40%#/;#;
'
-35%
39
16%
16
::
<
108%
*1C8
39%
55
# ///• 40 Va
35%
38%
::
>51:#'##
39%
*52 Va
40%
109
*107%
109%
*50
130
8
22% Jan
Corp
Stone d: Webster————No par
42,200
;
#■,#.
66
common.—5
—^"-100 ;; 105% Jan
v
•
32%
132
*50 VV
,
39%
38%
■
55
40%
.
39%
\S
■.
>
39 Va
34%
/ 40V4,
%' 34%
35
39%
/
.'••'57
*50
•
50%
39%
39 »/4
19%
# 108
123
'#
21% #21%
#:
34
33%
*130
*
5%
16,800
:
21%
6% Mar
J
*
.
inc
—1
preierred-*———20
V6tokley-Van
9,800
'
32%
*65%
9 Va
8%
9%
108
65%
124
22
•
19%
19%.
108
.
65%
:
23
,
/
130
50%
51%
39 V2
,
21%
•
:##-9##
; 21V*
23%:'.:
34%
'130
51V21:
57
V
,
,/#: 1,300
32
No par
spring—
«.»
<The
* *(~No par
Stewart-Warner
12,000
,
Jan
60% Dec *
87% Dec
93
Dec'
Jan
j:/ 30% Jan 3 % 47%
Jan
118
Jan 7
134
Jan
132 Va Jan 21
149 ;.
>;;• 45% Jan 25
49% Jan
40% Jan 3
44% Jan
65J/4 Jan 25 •/ 69% Jan
23% Feb
8
25 V2 Jan
:
107
Jan 12
108Va Jan
Feb
17% Jan 3
23%'
43
Jan 7
49Va Feb
Feb
41 Va Jan 3
45%
Jt
: 3Va preferred
;
12,700
22% /
21%
124'•#•'# #123#/
.
34% *
32%
19%
108
/#:
66
*123
33%
>
Feb
49Ve
114%
'*
:
oieei
sisrrett Co
100
24%
prior
Sterling Drug Inc
4,500
108
prior
Stanaard
600
•
44%
24V3
21%
20%#
108.:
65%
;
49%
32 Va
m
200
# 22%
22%
.
14,900
23%.
'■
43% Jan 21
113% Jan 17
,
Indiana———25
Standard Oil ol New Jersey
—25
Standard Oil of Ohio
——10
3%% preierred series A——-100
10,100
108
>:#"'-
34%
2234
$6
29,100
441/2
;
243/4
33
.,
22 Va
*106%
,108
Standard Oil
23%
*48
:■•;.#
45%
24 Va
33 %
#19%;
.
.
9 %'"■' #
/
9
22%
.
.
124
...34
34%:
.
51%
*52
227/a
32%'
65%
*123
39%
tf,
20%
108 Va
23%
34
'
•/;
9 Va
;
22%
130
130
19%
66
34%:/
34 /
35%
21%
•
123%
*107
„
24%##
22%
.;#
32%
65%
108
23%
;/22%
fi
22
107%
20%
19%;
65
124.:
!$i 9
108
24%
22%
108
v
-
66 Va
*123
45
13,500
###107% 107%#'#;
49% .49%
*
19%
18%
66
48%
,
vat
No par
No par
preferred—,:
preierred
Standard "Oil ol Calif
68%
23%
——No
18,500
.
Jan
11%
..
per share
Jan
80'/a
v
,
Inc——No par
Brands.
$7
900
2,200
23 Va
;
Jan 29
$
Jan
64Va
Jan 17
Jan 29
19
Jan
10% Jan
I
,-A'o par
-
Standard Q. & E Co $4 pref—No rar
10,300
##; ;/;#:
122
'•#
/
4
————-1
nreff.rred
$4.50
200
68 »A
:
22%
45%
:
45%
35
22%:
.110 V
23%
34
23%
i.
;••># *107%
in
•107#
22 Va/
22
33%
48
#
24%
'33%
22%
22'A
:
,
109
23%:
22%
22%
33%
♦105
23%
62
88
95
3
2
'
136%
68 Va#
23%
'#.■;•;/ 22%
23 Va
,
*107
24 %
32%' i 33 Vs
:
22%
.
48
v: 109
22
•:
48
45%
23%
24%
32%
23 Va
23
45
c
109
♦107
68'8
23% •;#
*107%
*107%
'
.,*46%
48%/;
45
40%
68%#;#
,
Jan
91
;
.
Standard
7,500
v.#
47'A
.46%
x40%: #;4l.#1###
#
V
•
23%
#
109
'111;//:
& 23 Va
23%
23%
47 V,
>'
"■■'###•■
133'A
41%
41%
.
v;
23%
23%
23% .23%
*107%
111%;:?
*46%
46%
42
;
48
47%
122
•:#/•
135 Va
68%
;
...
•
126
135 V4
,
2,(00
"1.120
*113Va 115
40%
39%
.
41V4
40'A
*125
,
0j
39
100
ctfs
tr
-
5C0
y.y-f' 3
113
##
116
-
23%
23%
*107%
123
137%
:# 47 ; v : 47%
47%
46%
#•■:.
41
:
137#
::
39
48%
48
*113 Va
.6,500
113
39%
112
112
49 %
*125
137%
47%
40
•
127'/a
139
39
<
116
*113%
•
137%
<:
39%
112%
'
48%
49%
48%
49 Va
48%
48%
112
112
; 112
112
39%
39%
39%
40 3A
40%
112
114
/.
23%
stk
32%
.
5C0
78
,76
56% Jan
83 - Jan
preferred———100
Ohio
Highest V?
t per share
3
25% Jan 29
3
13% Jan 29
17% Jan 21
19% Jan 15
$5.5 J preferred—-——-—No par
92 Va Jan 14' " 95
Jan 29,
Speucei Kellogg & Sons—.—No par
42 ,Jan
7
45Va Feb 6
VSperrj Corp (The).———————35% Jan
3
40Va Jan 30
/.'.ShWI ,Mfg Co-^———No par...;
76., Feb 8
83
Jan 15
'•'*
Vpiogei inc,————————————2
21
Jan 3.
25% Jan 15 .
Conv $4.50 preferred—No par
94
Jan 5
99
Jan 29
square D Co
—1 V 55% Jan
5
75 Va Jan 16
Squibb IE Ri & Sons New——1
v 38% Jan 18
40% Feb 4
$4 preferred——-.—-No- Par j 112%'«Rm 31
115
Jan 2
11,400
i
23%
•••:
*77
/
&
Lowest
,
$ per share
$ per share
—No par
Railway
uon-cum
vVmnngton
2,600
-
;23%
68
48 %
38
78%
24%-
98%
♦113%
37%
38%
*77
23%
23%
40%
37%
79%
24%
98
68
38%%
80
.; •
b}?t
./.Bpear Si Co
500
;
45 Vi
38 Ve
98%
112%
38
45
37 V4
24%
40%
45 %
45
•
100
*95
23%
98
67%
45 Va
19 V4
■
;
Year 1945
Highest
Lowest,,
*
Spalding (A G) & Bros Inc
.2,600
10,700
,
13%
19%
/: 100
*95
45%
,
24 Vs
13%
19 %
80
24%
*112
45%
,24
13'/a
'
44%..
24
Va'
13 Va
*19
/.
Mobile
79
38
:
•
80
*79
22
,
100
*95
100
*95
v.
:45 " •
38Va.
44%
.
.
23%
19%
*19
Southern
1,200
■*•?(
Range for Previous
.•./ ■,
Range Since January 1
\
,
Par
95
*93%
,
,
STOCK
EXCHANGE
6,900
88
95
YORK
NEW
Shares
59
88
87%
*93 Va
13%
13%
19%
57%
58 Va
87%
95
)22%
13%
18%
100
*95
100
,:•/;•
13%
18%
18% T.
19%
♦18%
24
23%
;
13%
t% -13%
87%/-
:i\.
*94
95
#58 ?{*'■
59 Va
87%
87%
87%
H,
■:
58%'
59%
58%
59%
59
59
*93 Va
the Week
I per share
S per share
STOCKS
V
Sales for
Feb. 8
Feb. 7
f per share
$ t per share
share
g per
$ per share
Friday
Tharsday
Feb. 6
Feb. 5
Feb. 4.
RECORD
'
LOW AND mOI ■ALB PRICES
Wednesday
Tuesday
M*nivr
Batnrday
•
Monday,' February 11, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
'
106%
Mar#
Oct
6 Va Mar
13%
Dec
11%
Jan
26%
Dec
103 Va
Oct
107%
Nov
16%
Apr
28
Nov
Volume 163
ft
■
Number 4463
THk COMMERCIAL & FINANCIAL CHRONICLE
795
■
NEW YORK STOCK
RECORD
t
Sstnrdny
Feb. 3.
''
Mnniiv
i
,
## :•####,# STOCKS
Tuesday
Feb. 4
# Thursday
Wednesday
Feb. 5
Feb. 6
Friday:
;
Sales for
Feb. 8
;
###;#
;##.#
•# 7" v- ##v
'##. .:Range Since January 1
the Week
Feb. 7
:;7NEW7 YORK STOCK
116
115'A
#
*200
116%
204
31
58%
y
59%
.
*200
31%
*69
"
58%
59
c
13%
13%
13%
41%
41
41
■'
##; 17%
-
18%
*12
68
,
# 46
.
'
68
69 V4.
69%
46%
7 Ve
# 46%
7%
70
184%
|
185
186
##*85%
.79%
87 Va
94%
•
#
159%
#
18%
r
„
*120%
7
V
12
12'/e
54%
55%
70
55%
47 S
46%
6%
67%
■
187
186 Va
•
7%
69%
6%
68 %
'
"
95%
I 95
160
28%
87
,
K
160
J
'♦51%#, 53.7,#:
#9%.
9%
"
*51%.
53
9%
125 Va
18
*120
■
'
97%.
125
9%
17 Va
26%
25%
26%
25%.
11%
11%
11%
11%
11%. 11%
*57%
58 J/2
1063/4
106%
*57%
58%
25%
26
57
106
195
106
195
7
27%
11%
11%
59
►195
46
200
46
46%
-
746%
45%
105.
1
250
8,500 t. .:>—•>
26%
; 27
11%.
59
61%
380
102
102%
23a
*190
200
*195
46%
45%
#
200 #
46'A
46
29
173
84
5
10
7
15
51%
Feb
6
144%
84% Feb
8
6
-
88% Feb
3
160% Feb
27% Jan
46
Jan
67
Nov
Jun
48 %
Dec
2V4 Mar
7%
Dec
52
i
72
8
29% Jan
4
52% Jan
14
46
3
9% Jan
28
#4
14
5
117% Jan
7
-22% Jan
3
27% Feb
7
8% Jan 31
Jan 24
12% Feb
8
61% Feb
8
par
-102
Feb
8
110% Jan
Jan
3
195
Jan
25
49% Jan
10
43% Jan 22
Dec
25
:
Dec
'#/9?
Dec
Jan
52
75% Jan
178
Dec
121% Dec
5% Jan
10
.188
Universal Pictures Co Inc———.11
Jan
39
Dec
8%
16%
Jan
;
Nov
50%
.
Jan
16
NOV
32
Jan■
98 Va
8
Jan.
49
160 7'
Sep
4%
Oct
85% Dec
;7
23% Aug
20% Jan 23
Oct
Oct
Dec
89
Jan
Jan
-#14% Jan
.
Jan
58%
135%
Jan
128
"176
77%
8
7% Jart
,#.50
73%
Jan
6
.
Dec
Jun
27%
8
97% Feb
21
Dec
11%
##57;# Dec
Jan
187
22
39
Jan
Jan
-
Dec
'#
#•387- •;/Ja#7
74% Jan
3
Jan
29
Feb
Jan
-
70 Va
##55% Dec
#.,. 12% Dec
16%
7% Feb
>1154
par
,
,,,
Jan
#7-79%
..
Nov
Jan
50% Jan
3
Jan
71 % Jan
7.,
par
No
7%
9'/a
5
.7-65% Jan
50
.No
8
11
70
50
preferred——
conv
18% Feb
# 60% Jan 12
# ' 45
jan
3
5% Jan
Jan
Jan
12% Jan
Jan
100
No
Jan
50
38%
Dec
Dec
34%
30'A Mar
14
8^.preferred^.4ii-^—.^100
<
3,900
44
#58
10
1st preferred
non-cum
Universal Leaf Tob__
30
46%
7#
7
11
Laboratories. Inc—1
Preferred-—.
—...No par
58
6% Mar
Jan
v,
52% Jan
Universal-Cyclops' Steel Corp
103
29
70
.
2
'Universal
6,100
2
13'/e Jan
par
Smelting Ref & Mln
$6
2,600
12%
59% Feb
3
Jan
United Stockyards Corp—.——I
United Stores class A—
—9
5,900
3
13% Jan 7 2
Preferred, ———
—100
U S Tobacco-Co—
~No par
7 %- non-cum preferred—
„23
-
8
Jan
10% Jan
36% Jan
1
JVo
118
115%
v
Jan
68% Jan
20
U S Steel Corp
'
2,700
3,400
9%
:
Foundry—
13%
51
No par
Preferred
-
58
200
45%
U S
103
105%
►190
46%
8%
#•:; ..'•####
25%
11%
*57
#
'
105
-
1,100
140,600
17%;
121%
11
Plywood Corp
v
51 Va
*120
122
26
■11%
57
106
51 Va
6
Jan
Co--—^.1
1U S Realty & Impt
U S Rubber Co
900
# Jan
Feb
33
par
per thare
Jan
77
204
5
U S
t 6,100
96
9%
17%
r.
26 %
95'A
,
cl A
S
77
11
No
Highest
share
per
4
Jan
3,000
.58,600
7,400
Feb
Jan
Playing Card Co———w—10
r
share
119
29
Preferred A————10%
U S Pipe &
per
8
199
Chemicals——No par
conv
Year 1945
5
50
U S
i
160%
28%# 28%
52
*118
-
160 Va
7
28%
9Vs
17%
124
*120
96 Ve
160
51%
■
9%
18
'
#
7%
68 Va
28%
.
52
9%
17%
•
,
88
159%
28%
51%
•
9%
17%
,
87%
#7; x94 %;
160
159
»
17%
*120,:
125%
95%
-
81
^
share
109 Va Jan
S
Lowest
___100
Mach Corp
preferred
400
'■
*186#": 187#;#
:#.#■ 80%
81
;:
## 88'A
88%# :
,
82 "
87 Va# •#"•
W 28%
29
"
17%
.
97
84%
87%
,
160#
-
28%
29%.
##
81%,
83%
87 '
.
#
46
7%
68
Partic it
U S Lines
400
$ per
20
U S Leather. Co——
# 2,800
55</a
conv
U S Industrial
1,000:#
i
70
45 Va
.
7%
68 %
# 187
*186
-
47%
•
5% %
21,100
"
•
*68
■:
A"
4,300
2,500 ;
•
12
*11%
55'A
*68
69 3 4
47
•
185%
•:
17 Va
£12%"#
U S Hoffman
,
'
>
'
•
47%
69%
-79%
■
87
v
159 Ve
9'A
9 Ve
18.
58
12 Va
13
13
13 #:#
40
40%
40%
-40%.,
17%: #17%'"#:m 17% #18% "
69%
185.%
82%
94%
,
:
29% a#7
51% .#
51%
,
87
.
95%
#*157%
29
57
A
•"
'
57%
■■7# 55-
55%
68%
;
58
1,500
69
13%
70
6%
31%
407/e
*11%
U S Gypsum Co_—
7% preferred
10
31%
*68
'
81
t# 78 #
.186
;
69
59
12%
46
;
32
; *68
Per
2,000
13%
17%#' A 17%
55%
7%
58%
117% '
.40%
13%
,70
70
117%
##/;
# Shares
*204
31%
69
59
*12
46'A
6%
69
■
118
*204
31%."
##*68%
41
17%
12%
58
$ per share
■
13%
18
12
56%'
69 Va
#
17%
■
57%
118
204
31%
69 Va
*40 Va
12%
57%
$ per share
119
204
32
58 Va
13%
40%
:
117%
204
#
*68%
*31
...
69 Va
t per share
ii8%:
118
204
31%
70
$ per shane
119
*200
31%
*69
;
t per shard
Range for Previoas
Highest
,
t per share
Dec
110
Dec
200
Mar
Nov
23% Aug
48%
Dec
V
36
35%
36%
22%
.
,22%
53
22 Va
53
35%
23%
37%
37%
39
23'A
22%.
22%
22%
23
51
52
23%'
36%
22%
23%
51%
37%
52
52
52
52
52
36 Va
37
#23%.
*51%
52%
23% 723%
23%
23%
36%
;
#
23%
23%
23%"
23%
13,200
,
4,400
Van
Norman
81
83
81
♦109
7
*110%
movi 115
82
—
5109
115 ;
43
43
n%
11%
11%
93 %
^
95
94
95
121
122
*80
90
'
7
44
10%
11%
*93
122
►121
80
80
80
80%
81
*112
:.t-v.:'-va
*111#..'-115 77.
'
43%.
122
115
41
42
11%
11
: 11 Ve
*92
94
122
95
;
*92
115
5
2,400
8,300
92
92
1,000
*121
# 122
'94 •
*121
122
'
90
*78
90
7
42 ,V
10%
#
*78
•
.
,
:
50%
50%
50
50%
44%
45
44
44
44
44
200
*165
200
►165
200
♦160
200
*160
200
*160
172
*172
'172
190
*172
190
*172
190
*172
44%
*160
# 172
•7.
50%
*44
50%
51
4
non-cum
Va-Carolina
82
7
82 Vs
'
82%
20
20
.41%
41
19%
19%
19%
20
41%
42%
41%
►108%
109%
109%
112 "
#.
20%
16%
20%
36%
46%
*108%
113 * -
X106
21
.
16%
•
13% Apr
24%
Dec
Jan
90
Jan
28
48% May
71
Nov
Jan
2
111 #: Feb
#1
Dec
Jan
16
Jan
12
6% Jan
77Va Jan
Jan
>120
3
12% Jan
5
99% Jan 28
No
110 1
7^9
,
par
2
...
.
#
100
—100
pfd.—100
7
100
#165
36%
21 Va
21%
*32%
33 Va
32%
33%
33%
46%
46
36 Va
*44
■
34
*46.
.
33%
*32%
#
46
13%
>,#106%
36 Va
36%
46
21
46
£
*
-
7
21%
25
Feb
16
7
87%
40%
ii4 f
.
*87%
#
114%
119%
15%
40%
,
41%
40'/a
I
40.
;
15%.
15%
41%
87%
40%
40%
120
■ 112 #
113
*32% #33%
32%
33%
|#|
46
*"
s
7. !
118%
,
%
44
43%
*113%
114
*113%
Ward
#
610
25,400
(Hiram)
G
W
&
Baking
5% %
Co
No
new
60%
59%
12%
12%
15
14%
38%
40
#' 39 %
113
#41%
42%
114%
114%
120
120
#:
■
87%
112%
118%
42%
42%
113
*117%
42 %
*114-
30%
.
*87%
42%
112
112;
*118
43%
87%
115
1^2%
120
*
118 Va
114
29%
30 Va
41%
122
114
12%
*29%
14%
*87%
43%
60%
12%
2,100
Warren
Petroleum
800'
Washington
2,800
29%
60 Va
61
12 Va
12
■
61
12#
12%
30%
43
•
'
'•
29 Va
55
56
'557 "
94%
94%
94%
95
51%
52
51%
54%
*30%
32
*30%
32
39%
39%
39
39%
38%
39%
38%
39 Va
*31
43%.
43%
43%
46%
40
46
*38%
40'
# 107% 107%
107 Va
107 Va
*70%
75
57%
101%*102%
No
Jan
Jan
7# Dec
Nov
43%
165
Nov
18
120
Mar
15
145
Mar
64
Sep
78
# Nov
13%
Jan
20
Dec
30%
Jan
42
Dec
4
4
109% Feb
1
3
117% Jan
14
Jan
3
Feb
6
13
Jan
3
16% Feb
4
13%
Jan
3
7
103 % Jan
■
31
45
Jan
7*30
>
107
2
7 Jan
Jan
"
75
29%
52
53%
52
95%
95%
y°l
Dec
■173# Dec
50% 752%
52%
*30%
32%
39
44%
44%
44%
44%
x44Va
46'A
46
46
43%
•
*107
46
*46
40
39
39
*37%
106
107
►106%
-107 Va
*70%
75
57%
►105%
*70%
107%
105%
58
39
►106
105%
57 Va
58%
104 >/a
t
107%
7 57%
103 Va
I
58
,
31%
30%
31
31
31
30%
41%
42
41%.
42%
41%
41%
42
17%
18
16%
17%
16%
93
93
1,080
#800
42%
18
*92
95
35
35
35 7
*34%
*92
:
95
*34%
35
l7'/a
*90
17%
34%
11%
11%
23%
11%
118%
Oct
112
Dec
Sep
118% Dec
Feb
2
Jan 30
Jan
22% Mar
40
Jan
3
Dec
2
62
Jan
15
32%
Jan
61
Dec
3
13% Jan
16
4%
Jan
14%
Jun
32% Jan
17
13 %
Feb
37%
Jun
Jan
3
3
2
56
Feb
4
96
Feb
8
3%
30% "Jan
64% Jan
43 Ve
Aug
56
Oct
26'A
Jan
35
Oct
40% Jan
#
3
4
14
29
27% July
31% Aug
38% Dec
3
39% Jan
30
7
45
.Jan
29
37% May
3
46% Feb
2
39
Jan
31
30% July
27% Feb
103% Jan
5
White Motor Co——
White Sewing Mach Corp——;>1
42.
Jan
28
107% Jan
31
100
11
64
:
v..
72
Jan 25
Jan 19
Jan
106
Jan 16
3
58 >A Feb
Jan 21
104 V4 Feb
6
8
7
3
32
-Jan
30
44
Jan
28
15Va Jan
7
88
Jan 14
x33% Jan 17
95
Jan
24
35
Jan
29
12% Jan
29
26% Jan
16
28 Va Jan
—1
^
37% Jan
11%
i
$4
.10. ■''
conv
Prior
500
-.1—Wo par
^20
preferred
preferred
"
Jun
54%: Feb
32 V* Jan
Jan
Jan
Dec
57 Ve July
92
Jan
70%
105%
45
98 Va
Dec
9
Jan
No par
Dec
115
106
No Par
7
Nov
No#
Nov
Jan.
35
•
Nov
113%
42
6,700
f
34%
113%
# 43
12%'
3,200
92
34%
89 Va
37
# 37% May
50% May
45% Dec
43
Oct
105%
Jan
78
101% Aug
31%
87 %
19% Jan/30
Jan
103
Oct
31%
Dec
18.
Dec
94
.Jan
Dec
47 Ve
Jan
# 8% Jan
83% Jan
30
Feb
47% Dec
,21%' Jan
26%
Dec
Dec
107% Jan
Jan
:
17%
*90
92
34%
.
38%
23% Mar
^—12.50
———
—
Instrument
Wheeling & Lake Erie Ry——100
5%% conv preferred——.100 7
Wheeling Steel Corp*—Wo par
$5 conv prior pref—Wo par
White Dental Mfg (The S S)——20
50
*
31
42%
•
Westvaco Chlorine Prod
2,300
v
103% -104%
17%
95 #■
,
EleC
# $3.75 preferred
270
■
'
75
*106
107%
57%# 57%
103
106%«
*70%
Preferred'
Weston
100
■
16% Dec
Jan
Jan
35% Jan
Dec
109%
101
50
Jan
7
31% Jan 15
par
47%
35
87% Jan
12 Va
Westinghouse Electric Corp
620
1,100
39
106 Va
7
#
46
*37%
75
22,700
'■
44%
46
107%
*70%
102 Va
102 Va
*31
75
,
No
Westinghouse Air Brake
Dec
33% Dec
Jan
1
44
Jan
10% Jan
Western Union Teleg class A-Wo par
Class B———
——Wo par
7,100
41%
.
35
17,800
•32
Mar
Dec;
Dec
Nov
4
115#
47
20
30%
6
7
# 28
50
21%
Feb
113
Jan 31
100
Apr
Dec 7
Dec
118% Feb
'
39
-
AT
29%
35%
14% Aug
24% Jan
•122% Feb
7
57
Mar
Jan
36 % Jan
Western
105Va
13
100%
112% Jan
29
#91% Oct
10
■
23
—1
16%
Jan
117% Jan 10
Western Pacific RR Co com—Wo par
38%
43%
115
500
x38%
45 Va
3
2,100
39%;
*38 Va
Jan
I 5,400
51%
32
112
4
Feb
14%. Dec,
Apr
•
20%
Oct
Jan
5
Lines, Inc
Auto Supply Co
?
Jan
8%
84 %
15
Air
Sep
Dec
8%
#
##'87%
Jan
Jan
# 19
jun
35
Oct
12
Dec
16% Mar
26 V*
Jun
10% Jari,
19% Nov-
"
12%'
25%
19%
99%
99 Va
99 Va
21
21
,21
*141%
I
—
-
100
19%
r
21
39%
57'
•
57%
11%
24%
23%
19%
19%
100
100
#!V
39 Va
(vi
40
•56%
62
61
61
60
98
*94
98
94%
94%
I
*97
101
*98
#: 101
96
7 97
5
*105
108
106"
106
104
106
■
7
'
81
81
81
81 Va
v
34
34
32%
33 Va
81%
32 Va
24%
-
100%
21%
21%
"
81 Va
33%
23
19%
7
21% 7 7
39%
21%
#3,000
38
38%
56%## ##56'#
61
60
60
60
*92
96
95
95
*97
103
81%
33%
81%
95
*81%
77*97;#7 102%
82
81#
33%
v
81
32%
33%
77
.
71,800
<100#
1
500,,.
^.—.—.10
I
60
■4 poo
3,700
pfd
100
10
^
—10
Worthington P & M (Del)
Wo par
V
series
Wright Aeronautical
,
.
No
vwmv
.Tr
<Del>
Wyandotte Worsted Co—
va*
—J—5
Jan
7
21% Feb
Jan
Jan
3
3
40'/8 Jan 14
13%
22
Jan
Dec
138% Dec
Jan
37
Nov
59
,
7 Jan
29
Jan
9
38
Jan
70
94% Feb
7
4
Jan
,
22 V4
65
Jan 22
.20 Va Jan
.
7
128
;94% Feb
8
#91
Jan 18
79% Jan
7
.
19% Feb# 5V
30
-'.-7, 6% Mar
100% Jan
Jan 17
91% Jan
No par
Wriglfv
#
3
'99%
.19%
—
36 Va
..50%
# 57%
100
Prior pfd 4%% Conv series^—100
3
16% Jan
par
2
21% Jan;
1
—.Wo
Woolworth (P W) Co
Prior pfd 4%%
10% Jail
No par
——
Wisconsin El Pow Co 6%
Woodward Iron Co—
17,600
95% 7#
94% # 94% #
103
32%
34
58
*93%
95
*97
.
;
Motors
$4.25 preferred:
Wilson-Jones Co—
; l.ioo
Va,
56% #
X55%
Willys-Overland
..9
—
Wilson & Co"Inc
1,100
*141 Va
39%
Co—
27,300
7
100%
*21%
;
Oil
20,100
19%
100%
*141%
39%
23%
Wilcok
'
19
100%
3,200
96
60%
*92
.
23%
Xl9%
19%
56%
61
*94
.
*141%
*39%
56%
♦60
11%
100
21 Va
21%
►141%
*141 Va
39 Va
12
>
*99 Va
21
57
5614'
24
18% #19%
39
39
11%
24%
,24
19 Ve
24%
;
12%
11%
12%
5
79
Jan
100
Nov
Jan 24
80
100%
Nov
110
Nov
98
Feb
106
4
40%
,75
;
Jan
53% Dec
Jan
>
# Jan
82
Jan 25
69% Mar
38
Jan
28
13
32% Jan
Nov
84
Oct
23%
•
Jan
Dec
47%
Dec
7.#:#;##7##;:##/ ..>!.#.;V^:#.;#..: .7'"7#7.::#;-':7:..
Y
48% 7 49%
26%
26%
*33%
33%
73
49%
49%
'•
49
#
48%
48%#
1,700-
26%
26%
26%
27 Va
24%
25'A
25
25%;
33
33%
31%
33
33
33
74%
72%
73%
72%
73%
3,600
8,100
30
29'/a
29%
29%
30
9,400
39%
40%#
39
40
13%
13% 7.
13%
i3%#;
Yale St Towne Mfg.
York Corp
8,100
33
72%
73%
30
30%
72%
29'/a
74%
73 Va
30%t
29%
41%
41%
41%
41%
40%
41
40%! 7 41
12%
13%
13
13'A
13
13%
13%
and asked
49
33
74
•Bid
748
49
33%
30%
••
30
49%
27 7#
26%
33
49
prices; no sales
on
this day. -
7
13%
lln receivership,
a Deferred
.
,
delivery.#n New
•
26,400
Stock,
—
Youngstown Steel Door
,•
r Cash
No
Zenith Radio Corp__
5,800
-
.28
Co.
1
Young Spring it Wire
No par
Youngstown Sheet & Tube—Wo par
No pat
Zonlte Products Corp—
sals,
s
Special sales,
par
1
21
49 V2 Jan
30
Jan
4
13 Va
Jan
4
# 27% Jan
35 Va Jan
31
Jan
17
19%
Jan
65
Jan
4
74 Va Feb
5
# 39Ve
Jan
25
Jan
2
31
39
,
22
28
.
Jan
3
Jan
3
43% Jan
7;# 10%
wd When distributed.
,
Jan 29
20
Mar
#
24%
#
Oct
>31%
/
Dec
70%
,
Dec
27%
Sep
42% Jan 15
34% July
44 Va
Dec
6
# 5% Jan
12%
Dec
# 13% Feb
x-Ex-divldends.
y
,
Sep
110
May
'43% Feb
115% Jan
HOV2
61% Mar
9
2
110
Aug
24
14
par
105
Jan 317
#Mtl% Feh:#l#7
Jan
30
38%
*30
##16 %
3
7
■
Jan
——100
series
•
,
.
87
Pap Co
Wo par
preferred———100
Preferred
5
.
Jan #9
47% Jan 31
36
96
'
17
7—1
53
95
*29
16:
—Wo par
10
Maryland Ry—-*.100
# 4 % non-cum 2nd preferred—-100
38 Va
102%
32
Western
6,500
38%
57%
*31
# 1,800
Jan
22% Feb
..7 34
7
33% Jan
.
Jan
6
33% Feb
3
% Jan 11
14
8
50
#
9
29
Feb
36% Feb
24
42
;
#15 Va Jan 14
3
9
par
West Va Pulp &
■6%
21
;
3
Jan
18% Jan
.—5
Inc
preferred
12%
54%
33
.
60%
29%
52%
1%
30
60%
ll'/a
39%
105 Va
18%
18
36%
20
6% preferred—
.——100
West Penn Power 4%% pfd—100
380
Western
95 Va
51%
230
#
2,200
39% 7
57%
32
*92
83
55
30
6
1
West Penn Electric class A—Wo
30%
38%
105 Va
4i%;' 41%
*34%
Jan
Jan
5
1
—
$4 conv preferred
Indies Sugar Corp
$
38%
.
*31%
Dec
124 # Ncv
Sep
57 #
45%
102 7„ Jan
par
5
West
130
i 70
'39% # 39%
39%
38%
.
7101% 102%
105%
105%
■
V
52%
■
114%
*30%
46%
#57%
118
Dec
81
2
42% Feb
No par
Gas Lt Co„
Tobacco
2,200
7. 30
61%
11%
Webster
42%
33 #.
44%
46%
42 %
53%
95
.
7
30
•61%
J
*70%
2
Jan
8
20 % Feb
2
Wesson Oil 8s Snowdrift—Wo par
22,500
'«
118% 119%
12%
29 y4
29%
; 56
42%
115
*113' #115
*117% 118%
.7
95
29%
51%
*39
Jan
165
#i :
87%
41%
114
29
^
54%
94%
f
Dec
Feb
22
Wayne Pump Co—
6,000
1,800
40'
115
*114
29%
60
## 5 4 Va
;
8 Va
59 Va
45% Jan
3
Jan
Corp
Waukesha Motor Co^
600
.15%
*87%
#
*•
118% ?
'
V
Dec
3% Mar
29
# 82% Feb
Jan
;
Fdy «te Pipe_
46 %
15%
*114%
*117%
743%
*59%
-
45%
7175 77.". Jan
18
preferred -————100
Warren
*
40%
87%
120
:
32
*29%
103
Jan
51
2
75
.
Warner Broe Pictures—5
200
.
7733/'#;:
46
14%
43%
114%
113
.
114
31%
31%
31%
Jan
24 V4
####;#, ##.''#^;####.#
#
Div redeem; preferred
No par k
Waiwortn Co
——Wo par
5,500
33%
*32 %
•#. ,#•■. ' 7-7#
,
15,200
.
20% 7
###/32##
46%
40
40 Va
114%
1207
113; #
118
121
15%
40%
*87%
114%
♦114
#•118% 119%
43
104
90%
122
'
# nil
86 % Mar
16
Jan
S 82 # Jan
18
Jan
par
39
Jan
100 #108% Jan
Wo
preferred—
Walker
800
j ###.
"
47
20%
4%
4,400
5
7;
36% -
*44
#
#
14J/a
107
#>#'-.;:
Walgreen Co
####
#
' # 16%.
16
-
107
.7 #
1,900
,
20% f 20%
■
45
32%
32.
'
106 Va
-
r
•
16%
13% -13%
106
110%
104 Va
7
"
20 Va
#.: #^#;,v:.
Wabash RR 4%% preferred—100
Waldorf System—
No par
###.#
|*
Jan
44% Jan 18
71107'#
Jan 21
80
,47% Jan
5
4
39'/8 Jan
.
Preferred,^,—w——100>172; '
3,100
v41%'#
*108Va
109 Va
-7 15%
106
.
36%
21
1,300
20%
41%
'
110%
*20 Va
13% #14##
106
7/
-
86%
20%
;
41
.
110%
45
21
46
21*
•
*84
'
46%
20%
*31%
32%
20
41
36%
32
P 32
19%
46%
20%-
22
86
41%
16
13%
106
^$#36 -4
47
*46%
7
; *82%
20%
111%
16%
.
.105%
84
♦108%
20%
*13%
"
.
105%
36
36%
16
14 Ve
105
49
20%.
16%
16 Va
#13%
105%
*82%
*103%, 109%
113* 7 114
113%
20%
'14%
*8TVst
Nov
66
32;
W
82
42
15%
Dec
Dec
50%
.104
100
Chemical
##>;##.;#';Vl#>,,#.### ##;# "# ',
#1 *41
34%
22%
^100
div partic preferred
El & Pow $5 pref
;;V:
82%
114
Jan
Mar
13
10
Vulcan Detlnnlng Co,
~Io
21%
4
24% Jan
Virginian Ry. Co—'——29#
6% preferred
23
###:;
8
22% Jan 17
_8
Va Iron. Coal. & Coke 5 %
:
Feb
28
preferred-
Va
900
39
Jan
6 V#
3,000
44% .44%'
44%
55
5
50
7 190,
49%
50%
23% Feb
2
Victor Chemical Works
200
49%
*43%
3
..
70
90
50%
'
3
Jan
Vick Chemical Co
ll'/a
.
.
Jan
19
46% Jan
Vlcks Shreve .& Pac Ry—
50%
t
500
42%
v
122
*78
82%
*111%
43%.
11 Va
122
7
♦111
*81%
*112 #
-
42%
94
*78
;
*78
*109
►HI#, 115
'
11%
*42% >43%
~
82
30
.——10#
Vertientes-Camaguey Sugar Co.6%
.
•81
*107%
No par
——2.50
CO
Van Raalte Co Inc—
900
I 7,200
r
24% : 24 Va
24
Vanadium Corp of Am
Bx-rlghts.
#
THE. COMMERCIAL & FINANCIAL CHRONICLE
796
Bond Record
Monday, February 11, 1946
New York Stock Exchange
«c»
FRIDAY
f-
WEEKLY
-
YEARLY
and defaulted bonds. Cash and deferred delivery sales are disregarded In the week's range, unless they are the only trmiMumeu of
the we*k, and when outside of the regular weekly range are shown In a footnote tn the week in which they occur.
No account la taken of such sales in computing the range for the year
The italic letters in the column headed "Interest Period" Indicate in each case t.he month when the honds mature
i ' „
.
.
'
:3'■'■>■
'
:o-:.vrange for week ending February «i■ v'
•;"4
NOTICE-—Prices
"and
are
4
S.
U.
4'As—;—-—
Treasury
3%s
3%s
3 VaS
Treasury 3s
Treasury
—
1—
3s
Treasury
—-
——__1946-1949
——1949-1952
1546-1948
1951-1955
——-1955-1960
——
1948-1951
1951-1954
1956-1959
Treasury
.100.30
•
;
, ,
103.29
^100.29
100.31
'111.17
111.19
'115.21
115.23
:
M-S
J-D
M-S
J-D ,?
J
.
M-S
Treasury
Dec. 1964-1969
——1960-1970
Treasury 2'/aS
2%s>
Treasury ?%s
Treasury 2%s
£
Treasury
June 1967-1972
Sept 1967-1972
Dec 1967-1972
Treasury
2%S——
Treasury
2%s
Treasury
Treasury
.%;!•
2%S
Treasury
———————-1956-1959
Treasury
2s——
Mar 1948-1950
■■.
Treasury
Treasury
Treasury
'*
•
•
:'
y
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
107.15
107.15
21.-^——-——
No.
22
23——-——.—
107
107.5
107.12
'..V
*110.17 110.19
V
106.20 V
106.18
;
',UW:
,#C
j
■
■?>.**
v.
105.6
102.22
104.29
101.16
103,22
108.30
27
f 5s
108.30
101 15
104.15
v
^
2%s
A6s
15
A6s
,
A 6s
'
J-D
124%
-i'A#
••
sfV-'-si.- v.
36%
*
59
«.
120% 124%
vJ V- iV
A-
■ a: V
A6s
Ji'.r - v
80
1957
;
fund
•••
s
f 7s
97%
100%
1928
1927
external
Colombia
f 8 bonds
s
20%
25%
24
25
21
25%
24%
21%
25,y«
18%
23%
(Central
::
:'
3..:
:
3%s
Series
No.
5
2
31
9
31 %•
116l«
115
31%
120
-101%
24
—
103
:
97%
100
102%
96
97%
1942
62
97
1st
AEstonia
sink
fund
97%
99 %
.:
.1940
5%s
1940
1961
10
—i-—1969
series
4>v
103
103
102%
5
102%
——1969
(Republic of)
—1967
1949
7s
♦50%
♦112
1949
64
I HI
__
•101%
—
>
-4
■'>'
3%s
Series
No.
107
105
A7s
part
paid
A6s
part
paid
1964
1968
20%
(Republic) s f 6s series A—1952
Helsingfors
(City) ext 6%s——I960
Irish Free State extl s f 5s
;.S60
21%
18
Haiti
107
105
2
18%
■'100
3
3 4
19
'
26
V'95 %
Series
No.
65%
:: S L?
106%
64%
65%
62%
63%
AMedellln
Mendoza
Mexican
A4%s
65
19%
100
100%
4104%
104%
.
__
"104%
59%
63%
6
.
.;x
■•■■
59%
C
fk-'-
'■*
V
59
' 62%
AMexlco
♦60
,;' i;
4
68
•
■
64
-
58
2
stamped
(US)
to
assented——1943
Nov.
5.
1942,
V* +*T;33;:
agree
C&Jii
T—
;
~i
Assenting 5s of 1899—..—-—1945
A Assented
to Nov. 5, 1942, agree
21
.
■8 0858
v
>} | Oil
.
'
38
62'A
V
•
No.
w*-
11
-
-
15
.1-c:62%
67
63%
14
63 %
11
SECURITIES
17^ i'y'J 62 '/H ' 65
-
-
3%s Series No. 13
•.
8erles
No.
14
Series
No.
15
3%s
Series
No
16
«1
xo
.
61 Vb
:
62'
800.
I;
66%
62%
65
<-AEL MARKS 4
■
f>f-
62 *•";T;.
65%
80
79
80
60%
63%
*2
-V .61-:
63 %
-.
■
...
61
61%
16
6
'
aJ-
:
.
WX'lfj
63%
60%
61%
60%
63
:S?S-■
FOREIGN SECURITIES SPECIALISTS
50 Broad St., New York 4, N. Y.
^
,
^
63
60%
■
62
(70.
80
2
78
61%
'
79%
79%
■
79
77%
■
V
,.;
'.
61
•61'
FIRM TRADING MARKETS
62%
-
60%
'
page
*"
*61
-
3%s
--
V
-
•
61%
'
^
f.•
;
*69%
61^4
—
,
82
*78
—t- •
L—
12——
.
•:!V-? *78
'
3%»
*65
*78
'-4'!
'a—•'/-
«
21%
■
'f 'j,
67
63%
?■■'■
For Financial Institutions
FOREIGN
'v. 58
I«y
63%
"62%
63
:
u
{
ic
63%
'V. 63
-
ex?I 5s of 1899'£—J945
62 ;
.n-roO
62%
:
63
96%
Irrigation—
tioomX'
■j- a
.
63%
31%
96%
65,
63
—
24
430 :4
1054
59
•
-..'At ,'■'.
ri*'
■'IX
-#58
readjusted
hiOJi Ur&.'j'zf :rjib; '
■>
•!'
4$
66
win
65%
i
.
(Prov)
22
-<?!!<■ H-. • Ifi1
■
58%
:-;.65%
>-
(State Mtge Bk), 78—_1'»57
(Colombia) 6%s^
1954
A Assented
'-'•it':'#'-"
--
10
Series
22
17
,101
AJugoslavla
:? 111% 111%
:
■—
63%
;
9
3%s
11I
--ifli■■'■
'V; V\f
.
i-'.-J
99%
15
101
series
5%s
5%s of 1926
5%a 2d series
103%
98
59 %
8—
3%s
99%
99
96
1855
Rep Cust Ad 5%s
series
Greek Government—
98
i&fz £& 33'
5 A 1st
A
•La'
7..
No.
165
4,
..1962
French Republic 7s stamped
*
7s unstamped
101
18
*63
6
No.
8eries
see
98
98%
31
♦60
—
*%s 8eries
footnotes
112
162
1942
30%
iVfV?'
.
;;;>
-.ii'S-$
.
3%s
For
114%
112
1952
5%s
goJd
108
108%
A.1951
ser
31%
'
1979
4
No.
108
112%
1945
(Rep of) 8s
,94%
' 39
108%
"
No.
No.
Series
5%s
31%
:"f 65'/a
63
Series
2%S
wks
Czechoslovakia
96
91
'37
1949
2
105
,0~A'
Series
No.
92%
1953
31%
♦11.1%
Series No. 1
Series No. 2
Series
1961
195f
1 A2d
,
3%s
37
.>433%
"
1952
3%s
3%s
?/v:
,.,1959
—
Customs Admin 5%s 2d series
-102% 103
funding bends of 1931
Stamped pursuant to Plan A
(int reduced to 3.375% )
1979
Erternal $ bonds of 1944 (PlanB)—
<lj3%.s
Ss
(Rep of) 7s_„
(Republic of) 5a of 1914^
36%
♦107
(Stamped pursuant to Plan A
(Int reduced to 3.5%)
^1978
*
(City)
36%
109%
'
t,,' J%s
L.**;'
24%
1946-
36%
105%
103 %
.
8%
kS
—1947
36%
106%
1957
Hy)
:'A '*'K;i
1947
36%
103%
1979
•
■'
15
1970
Mtge Bank 6%8
f ADominican
.25%:
1
—Jan
Rlra
Public
25
21
——.—Oct 1961
9
.
14
.
-
24
.
H
36%
Stamped pursuant to Plan A
A7s
4
1
.
'V
36%
52
—1957
Stamped pursuant to Plan A
(Int reducea to 3.375%)
26%
i960
36%
103% 104% >
102%
Stamped pursuant to Plan A ,
.—1978
(Int reduced to 3.375%)
AExternal s f b%s of 1927—^
26%
21%
1962
37
108% 109 %
1941
(Int reducea to 3.5%)
AExternal a f b%g of 1926
25%
21%
1900
External
103%
,1955
(U S of) external 8s
25%
2
fund 6s«-.—• .1962
External gold 4%s
.
External
26%
BJ44
25%
11
(Hukuang Ry) 5s
(Republic ofl-~
79%
108%
1955
I ABrazil
•26%
19
18
assented—
of
26%
-21%
15
1981
A 6a
26
;
1961
79%
97%
1949
22
4•4:
42
26%
22%
,
External toatr 4%S-:——
J.1949
,4%s external debt-^.—i——1977
Sinking fund 5%S
1953
97%
'
4 ;;
..1961
36%
102%
,102
101% 103%
102
—.1957
-i.
26%
"2ivi
20
—1961
8
'31%
External g 4%s of 1628—.—-—1958
"
23
21%
3
4
116
98
f 6s
63%
22
1961
36%
98
s
63%
6
;
6%s
77
•v;:i3:'
*31%
Apr
.—1972
(Commonw'lth) 5s of '25-1655
External
.4:
..
J963
36%
31%'
8 f extl conv loan 4s
Belgium external 6 % a
-110% 112%
111% 114%
101% 101%
20
1962
sinking fund 6s
-77
i
98%
-
1948
—;
78
1962
36%
31%
1927
9
96
78
4
A 7s assented
1-1603
V"
'
'79%
36%
of
93%
93%
?M3%
1961
37
36%
5s
5
1961
Chinese
Cuba
NY
97j:i
8 1 extl conv loan 4s Feb—.1972
External
4 93
21%
21%
8ep
sinking fund 6s
AGuaranteed sink
j-^Teletype
36%
8 f conv loan 4%s——1971
Australia
95 yB
94</4
11
■
19ft
Sep
25-year gold 4%s
79%
36%
f external 4% 8
8
95%
91
91%
-■/
Guaranteed sink fund 6s
ACosta
*78%
(City) external 5s
1958
(National Government)— ; v
Antwerp
;4-95%:
■
32
A6s assented
v.-'
79% •
AExternal sec a f 7s 2d series—H957
AExternal sec 8 f 7s 3rd series__1957
A
101%
102% 104
1961
A6%s assented
A
'•■■::
122% 124%
'
1945
Argentine
100
4.
■
.
A6%b assented
—1945
series
4
4
..—.——Jan 1961
assented
ASinking
f 7s series B—.—1845
1st
101
AChile Mortgage Bank 6%S——1957
J-D
a
f 7s
100
-
62
102%
1961
A6s assented—
AExternal
(Dept) coll 7s A——1945
s
62
102
5
1948
Jan
assented
AExternal
.
1968
External
302%
Feb
sinking fund. 6s
A 6s
.
1948
f 7s series D
102
Feb
f esi
assented
A Extl
j-li—;.1947
t 7s series C
63%
61%
;
I960
6s
ASinking fund 8s series B
20-year extl 6s
s
■
6
..1984
IA Denmark
s
A
62
"
5
:
fund
assented
AR* external e
Broadway, New York
External
A
62 ^
61%
•..1111-';;* so %
'
''...
sinking
A6s
Members New York Stock Exchange
AExternal
62
(Cityi 8S-
assented
A Extl
■3.03 Foreign Govt. A Municipal
Agricultural Mtge Bank (Colombia)—
i
61
62 4'
v
A
A External
61
r
(Rep) External a t 7s.
-.1942
assented.——.—.1943
AExternal sinking fund 6s
1960
A
AAntio^ula
60%
a 7s
Copenhagen
4s
6
47
—Jan
.a———
ACarlsbad
WERTHEIM & GO.
(King of Norway)
60%;
1951
ASinking fund 7s of 1926.
ASinking fund 7a of, 1927-.,
sink fund 6s
60%
AChile
■
3s
AGtd
63%
of) 30-yr 4s—
—I960
3%s—————-1961
25-year
A
Akershus
62
61
(Dom
A6s of
sink fund
63%
61%
__1976
f t bonds—
s
'
AGtd
61%
2
—
—w—1977
i 4%-4%s
s
external
Canada
■
120
63%
61 %
-
3%
A
-
61%
63%
60 Vb
65%
$
1958
stamped--——
Colombia
Teltphop.m
60%
60%
9
External readj 4%-4%S-i—1978
External s f 4 %-4%s„—
^^l 975
:
/
REctor 2-2300
2
1957
AChllean Cons Munic 7s
4
63%
60%
12
4
*61
i
-
281.^——^-.-——^
Series: No, 29-—.3%s:;Series .No,?
w-——
Refunding
,
-
•:;
,
No.
Ex torn al s f 4Va-4%s—
1C4.29
102.11
Transit Unification
'
60%
'61
3%s
.
CINew York City
Issue—:
r
,
3% Corporate Stock————1980
Series
A6s
105.23
102,22
J-D
J-D
J-D"
J-D
.
62
Sinking fund gold, 6s——-1950
J-D
-
61%
Buenos'Aires (Province of)—
105.2
103
3
61
*61
Sinking fund gold 5s
\J *.£}'■■'-?■
\
104.9
r.
—
63
60%
:/
63
C3
60'/«
26—
s
'
61
■
24-—
No.
(City)
62
'
Series
Brisbane
M-S
J-D
M-S
M-S
M-S
Series No,
High
61%
,
V.
rK: f.V'v-
105.23
1C5
105.23
J*..
-V
Low
5
.
■
61
,
' 3%s Series No/ .25-———in——
:
J-D
.,
Treasury
Treasury
No.
'.
January 1
*61
J-D
,
-
—
Treasury
20-i
3%s Series No.
\
M-S
2s—-Dec 1948-1950
2s———
-—Jun 1949-1951
2s
—.——Sep 1949-1951
2s
--Dec 1949-1951
2s———
March 1950-1352
2s—.———'-.—i-Sept/: 1950-1952
2s
1951-1953
2s_
..1951-1955
2s——————June 15 1952-195^
2s —————Dec 15 1952-1954
?a
— __ 1953-1958
l%s.—■-June 15:1948
l%s ————-.u—T—-1950
Treasury
No,
No.
v':-.*-';
i'
Range Since
Sold
No.
61%
*61
2—.
Series
i
J-D
2s—J-D
Treasury
Series
3%s
p J-D
Treasury
*61
109.22
M-S
—June 1959-1962
2'As-..-—-——Dec 1959-1962
Treasury 2%s—-
19——
3%s
3.06.16
*106.1^ 106.3
J-D
J-D
M-S
M-S
J-D
j-D
J-D
J-D
J-D
.
No.
17——
3%s
M-s
2%s———————1951-1953
2%s.---———1952-1955
2%s
1954-1956
Treasury
'
109.22
*107.14,107.16:..
r'n
Treasury
No.
Series
3%s
;
\
104.24 S
,
'
"ej'lsas
Series
,
:''
•107.10
:-j
•
"
Treasury 2%s
No.
j%s Series
115.26
116.30
*104.22
61%
Series
' 3%s Series
■
115.22
Bonds
—
3%s
.
■
2V2S__—w-i——fl®^2-1954
MrS
2%s_—_—
-1956-1958 ',V,: M-S
Treasury
:
101
:
*106.14
'
195S"!5?!
■'
v-;.j \
2- " *118.23 118.25
.«
(Continued)
3 %s
•'
116.8
•
*116.28
,
—Li;/''
101
10922v
109.22
*116.6
V-
bonds
$
Range
Friday's
Low'' High
3-?4S
100.30
•
*104.10 104.12
•
"a
Treasury 2 'is
100.30
'
-
or
Bid & Asked
3%s
18
100.30el01
•
Week's
Last
Sale Price
(Continued)
External
100.12
'103.27
,
M-S
.—-,1958-1963
2%S._
2%s
Brazil
High
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January 1
No.
el06.9 ;
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,
Range Since
Sold
High
eJ.06.9
A-O
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J-D
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,
1946-1950
•
2%s
—
Treasury 2%s
Treasury 2%s_—
Treasury 2%s__w~
Treasury
ItllZ,
1947-196*
.•*—
——
BONDS
•
Bonds
Friday's
Low
Government
Treasury
Treasury
or
Bid & Asked
Sale Price
••.V4.4?.;'
•••,•<
Week's Range
Last
Exchange
Stock
York
New
Friday
4 ••>>»■"
Inierest
Period
=*-; v.-bonds
4»\
interest"—except for Income
-
Telephone HAnover 2-0050
Teletype N. Y. 1-971
•
s.
v..-.'
-A/ai l 3 V
Volume
163
Number 4463
THE COMMERCIAL & FINANCIAL CHRONICLE
:\",'rr*;r3V:' v:-
i NEW
YORK
RANGE
To
FOR
WEEK
797
BOND RECORD
FEBRUXRY
ENDING
8
dealers, banks, institutions, lawyers, executors and
we offer our services for quotations on
individuals,
Railroad Reorganization Securities
OVER-THE-COUNTER SECURITIES
II. ». KNOX & CO.
11
Broadway, New York 4
Telephone: Digby 4*1388
Teletype: NY 1-86
;
.
,
,
"
PFLUGFELDER, BAMPT0N & RUST
A 27 State St./ Boston 9
Telephone: Capitol 8950
Teletype: BS 169
J
Y'YV/ rV>';;>L
New York
i;
Stock Exchange
Friday
Interest
Last
Period
Sale Price
Y'Y
Week's Range
or Friday's
Bid & Asked
•jLow
Mexico—(Continued)—
AAssentlng 4s of 1904—
AAssented
to
Nov.
5,
—1954
AAssented
SATreusury
to
1942,
6s
of
Low
••1278
agree
5,. 1942,
New
agree
1913
assent
York Stock Exchange
'
Yv,
""
York
Stock
or
Alleghany & West 1st gtd 4s
Am & Foreign Pow deb 5s
11
15
...1998
-2030
j.
2% debentures
Amer Tobacco Co
3s debentures.
10 8%
,
High
102%
Low
Hioh
100%
11
.
107% 108% Y.,./
:
January 1
Sold
102%
108%
No.
102
102%
Y Df-S
American Telephone &
Telegraph Co.—
3s conv debentures
1950
2%s debentures.:
*
.—1980
1933
•V
A-0
Range Since
Bonds
Friday's
Bid & Asked
Sale Price
Low
13%
1078
VVeek's Range
Last
Interest
1-310
Teletype—NY
Bell
Friday
Exchange
High
147.
.
New York 6
Period
ia45
Nov.
Membert New
Telephone—DIgby 4-4933
'
January 1
,9^..
r
'
61 Broadway 1
'
BONDS
Range Since
Sold
^
AAbsenting 4s of 1910
,
Bonds
No.
High
|
|
(
ESTABLISHED 1926
BONDS
•>
k
-
107 V-
76'
"
M-S
'■
L'fE-AYL
107 '4
Vi" l:
152% 153
•152%-
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*
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122
107%
'103
92
•v
■
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Mina*
Nov,
5, 1942,
agree
uerues
(State>—
A Bee external s f
6%s—
*
-1958
AAnglo-Chhean
Stamped pursuant to Plan A
Stamped pursuant to Plan A
YL (Int
reduced
A6s
A
series
New Soutn
s
External
s
Norway
sink
fund extl
A
102 %'
1017s
101 Vs
103%
103'% 104*4
.—1963
106%
107
103% 104%
4%s.—1963"
1037s
Charlotte
1067s
103% 104%
1970
*90
1959
103%
99%
.
101 Va
102%; 103%
Ext
mod
3 Vis
.
,
-
to
101 Va
1994
series B
ref 3%s
sec
1967
ext
(State
of)
7s
99%
Stamped pursuant to Plan A
(Int reduced to 2.125%)—.2008
(Rep oi) external 7s.——1959
loan extl
ANat
Loan extl
f A Poland
f 6s 1st aer
s
f 6s 2d
(Rep of)
ser
Atlantic Coast
102%
A4%s assented
A
A 4
%
A Porto
*
to
30-74
23
Stamped
:
;
(Int
pursuant
reduced
to
Va
to
,
>
v
2.25% )_...2006
•/L'. •,
(lnt reduced
'103%
>104% 106 %y
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45
38
IA San
externa(
42
due
1%%
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(City)
/.:// Stamped
(Int
40
A6%s exti secured
40%
reduced
s
f.,
'
;L>:
40
36
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1
C
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39
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r
-
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92 V4
96
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^...._Feb 1 1960
87%
84
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88
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Ref gold 4s extended to^.... 1951
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101%
103
101
104
102%
103%
due
-
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1st
.
&
45
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*
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102
103
103
.1951
ref 4s___„.
stamped
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*•
100":*
100%
■;
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1951
130%
131%
101%
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101%
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debentures..../-//i- 1956
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Corp— ;
23As ser I.
mtge
M 5s
1st 5s
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107%
108%
.*•*
rl.11955
;
106%
1C6%
4s
f debentures.^
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-<—1961
1960
V;
106%
102% 103 >/4
79 %
84%
104 %
.
1966
*106 3/s
..1950
1947
105 3/n
80%
85
104%
Y
—
105%
106%
106
107%
106
107
105%
105%
107% 107%
106%
8734
*106% 107
——19 00
105% 106%
2%S—-—___1975
Ry—
Elec
1067s 107
*106
.'3%s——--L—1969
mtge s f
105%
102%
104% 105%
.1970
A C____.i.al967
series II
A—
-July .1970
tABoston & N Y Air L 1st 4s_.—1955
s
;
98
93 %
-99% 100
100%
;
,100
1951
7
Buf falo Rochester & Pgh
41
Stamped
41
(interest
modified
at
3% to May 1, 1947) due
JBurlington Cedar Rap & Nor—
| A 1st & coll 5S
57
Bush Terminal
;;•
J-J
.......1950
ACertificates
;
67
j-J
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i.
of
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-
,
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70
87%
164
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25
487s
'
•
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105
1952
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86%
56
1957
1934
deposit-——*—-
.
J-J
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(Int reduced to 2.5% )—.^.1999
...
60
;
105
.-1955
-1960
106 7
107.%
23
.
'.-
57
••'
55
' 105
100%
98
29 :
98V'a 100
55
104'
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::
:i
104% 107%
r7';-v
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/
(Int reduced to 2.25%)—...2004
60.
59
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65
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M-S
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-
99
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';
101
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K
A8s external.......
105
98%
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Stamped pursuant to Plan A
(Int reduced to 2.5%
—1999
105%: 107%
43
>
Alnc mtge 4 Vis sex
98
2001
.1930
38 Vi
93%
1996
Bklyn Union Gas 6s series A
39
9674
..-.—1957
(Statev 8.«t__
Paulo
r
44
36 %
10:
:
103%
..2000
Bklyn Edison cons M S'As...
Eklyn Union E) 1st gold 5s
2%)——2012
to
117
42 3A
1% to
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1st-mtge 4s series RR.„
-
k
T
112
114
'
96%
88%
1st
Stamped pursuant to Plan A
(Int.
25
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ser D
Boston & Maine
8s__——1952
pmsuant to Plan A
to 2.375%)
•
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1964
reduced
387a
,
.
94%
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,
is
■r
v
1995
_
Beech Creek Extension 1st 3 % s./L.
_....1966
tuna
109'A
63
43%
36Vi
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1950
47
47
to 2%)-——2012
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—
V19
;
.
43
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■
f>v
117
115
98%
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;
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:
(Int reduced to 2.25% )—-2004
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my-
111 Vs 1117s
.7
95%
4s
1968
1926
126%
f;
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•.
1999
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(lnt at
1946)
3ep 1 1946) due
*
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i,V'"'
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2012
fund gold
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ser
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Sep 1 1946) due
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to
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<State of)—
reduced
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,
to
43
81
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1946
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'
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1934
: 1317s 138%
34
.
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&
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43
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'
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v
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:
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Oct 1 1946) due.Y.£—July 1948
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Deo 1-1946) due—-UL—-1995
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:
—
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%
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1st
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19%
A
to 2.375%)
95
92%
,
L:LL:;.7
—.
105%
106%
1057s
34
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mtge gold 4s
I
r
.inly 1943
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(int at-4% to
33
43
1961
Plan
Line
Atlantic & Danville Ry 1st 4s
.40
27
1963
pursuant
■
L 103 %
.
19%
1950
assented
s
(lnt reduced
,
gold 8s
Alegre (City of) 8s
Stamped
100
19%
1968
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102
;*IOGV4
/'VtY:'.. '
..
;."
101 %
28
-.-—1958
f 7s—*—.1947
s
102
/-.
;:Y'LL-Y
'
S
95
93%
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55
Y 84
V
106 V» 106 Vi
•
Nov
,
...1963
1st
unified
General
1940
A4%s assented—
Air
1st mortgage 3%s
10674
106
27%
.1961
^Stabilization loan
&
Baltimore
40
30%
1960
gold .0s—
s
;
1
L
;
,
——.
1947
APeru
ANat
Jlf-N
Second mortgage 4s—1948
(Rep) extl s f 5s ser A.1963
AStamped assented 5s——1963
Stamp
,
Atl Knox &
103
10314
4s._._July 1 1995
July 1 1995
Nor 1st gold 5s__.—_ 1946
Panama
APernambuco
M-S
-
,
Adjustment gold
Stamped 4s
Atlanta
102
—
1964
95
105
.
102
loan
■'
L,
,104 >4
•
106%:
Y
income debs
due.—.—..1975
107% : 7106% 107%
105
■
Jan
Q-J
Atchisou Topeka At Santa Fe—^
General ^ 4s.i_i..--.-//-i.i;2,-..3596v
—.1957
Municipal B-nk extl s f 5s
Oslo (City) sink fund 4%a
A-0
•
1995
3 %s series E—4
cum
(Subordinated)
..—.1958
fund
L
(111)—•
1st mtge
jpfip
,^
A-O
1967
gold 4s._2—
4%s
—
5s.
sink
1st
Co
43
L40
/
(Kingdom of) 4%s.——1956
External
4s
:...
(State)
deb.
/ "
A-0
^^..1962
i..—.1969.-'
Nitrate
Armour &
40
.1952
f 5s..
1
39%
2.125% )._;2008
7s
.—,
Wales
External
to
(City)
3s...
Ann Arbor
(Int reduced to 2.125%)—2006
ASec external b f 6%s_L. -——1959
^Montevideo
..1975 *•
deb
58
.
dollar
loan.
.—
..1968
J-J
Stamped pursuant to Plan A
(Int
reduced
ItJ A Secured
I'
,-..1940
Stamped pursuant to Plan A
'&
;
(Int
reduced
Serbs Croats
V-
Abs
A7s
series
ASilesla
(Kingdom)
(Cltyi
Sydney
A
—.1962
Af-N
extl
1962
Af-N
extl, 7s—
1958
J-D
1958
J-D
s
f 5%s_—_
(Republic
Uruguay
i
fund
AExterna) sink
fund 6s__.
;|l3%s-4-4ya%
Xl
r
:
1946
($
6s
bonds
...—1960
,——1964
of
1937)—
readjustment,-../-—1979
External
3%-4Va-4ft
extl
Af-N
v.
Carolina
F-A
J-J
1958
F-A
...1958
F-A
JAbaibi
Power & Paper—
SA5s
series
A
;..
Y
,'-y
stamped—.
18
J-D
1948
Af-S
1947
J-D
107 Vo
F-A
Power
Southern
3 Vis
1967
1st
3%s
1972
6s
with
warrants
.1)948
mtge 4%s_
For
footnotes
page
^
4
•
103
'
101.% 101%
*104% 105
108%
r
.-v1'
108% 108%
A-O
■*101 Va 102 Vi
101
105
loir
A-O
100% 1C0'/a
1975
see
A-O
i
1948
assented
Albany & Susquehanna RR 3%s
Gen
103
101 Va
J-J
Albany Perfor Wrap Pap 6s_
106% 108 Y
*105
M-N
mtge
-
L 15%
800,
A-O
*'
115%
115'/a 115J b
of
U
P
1st
A Ref &
gen
5l/as series
gen
5s series C..
AChatt
Div
105%
108 %
101
99%
114
105
100%
115 Vi
:
833,4
Illinois
Light 3Vis
Eng
25
-1st &
'.v
9
19
*108%
(4%%
to Aug 1
-
1949)
*26 0/:
;
22 Vi
I
776
v
37 :-r
;•
26 %
81
-
7
'41
108
—
108%
7:L~4
100%
104'4
60%
332
44'4
617s
57
59
195
4274
60 Vs
52%
5374
57%
•
7- 52
.
V
108
3934
50%
56
52
108 Vs
H
10774
108%
109%
109 Vs 109
%
16
1087s
110
106%
105% 106'4
58
105
10674
113
113
>'
—1974.
74% >87/
23% :
10414 104 '4
..1961
Y Power 3s___.
ref series A
103%
7 99 Vs
118
40
5s_..._ 1987
WSJ?
1987
IS
70
247s
iubo
1st gtd 4s
V
112
87
80
registered
N
-,
:
—-1987 j
..— 1974
Central Pacific 1st ret gtd gold 4s_1949
Guaranteed gold 5s
..I960
A 4s
|
102% 103%
,...1959
Yi:YYA58 registered
Y AGeuerai I*.-1.
Central
*92
1945
gold 4s—1951
gold 5s
..1946
1st
JACentral of N J gen gold
105%
v
*93%
Div pur money
A Mobile
t A Cent New
107
ii9v"
1.06% IO6V2
1959
1057b
1037s
•
115%
108%
107% 107-%
*90
1945
108 %
1017s
*__
1948
..Nov
105
103
116%
102',, 102Va
*"114
115%
Georgia Ry—
105%
101%
123%
121
102.V 102%
..1965
gold 4s_
A Ref &
;
17%
119
122% 122%
114%
-.—1965
mtge 5s..-_L
§ AConsol gold 5s
21%
118
117%
?V
*110% 116%
gold 4s._—..1981
Corp 3s debs
Branch
Central
1953
Ohio 4s-..
&
1st gtd
> A 1st
83
X
1946
Alabama
tCentral
95
Y
10-year deb 4Vis stamped
Great
897a
92%
"v.
Express coll tr gold 4s
Coll trust 4s of 1907..——
Alabama
ACent
Companies
Aaams
/
89%' :
iv 83
119
199
*123% 124%
•123% 123%-
gold
Clinch
Celanese
86;
r
-M
90
87-
Y
L.Oct 1969
5s
124%
125%
116%
117% 118
Certificates of deposit/.....—.**..
8674
J-D
1978
1984
Railroad and Industrial
'
Cart 4 Adir
1978
7s
20
\
t
>
4%s..—
...1951
Canadian Northern Ry deb 6%s—1946
Can Pac Ry 4% deb stk perpetual
jl^Carohna Central 1st gtd 4s_.-_1949
25
104
gold
118%
122
124
1957
1073/4
1073/4
*108
; Guaranteed gold 5s........J... -1970
Guaranteed gold 4%s......
.1955
Guaranteed gold 4V2S-....
..1956
Guaranteed
Af-N
3 %s extl
(City) external
A4%s assented
2074
17%
Af -N j.
4-4%-4%s extl readjustment
A Warsaw
21
718;
Guaranteed
108%' 109
.108%
iI
124%
125% 125%:
*107
3%s...—1968
gold 4%s
.
-
24%.
Power
National
Canadian
■
•V
t
conv—
"
Af-N
a,
readjustment...
•'
102
F-A
1979
conversion
X
Elec
Calif Oregon Power 3 % s.—1974,
Canada Soutnern cons gtd 5s A—J962
/ 19%
•
1955
extl 8s
AExternal sink
External
•
sec
76
California
Y/J/Y'v
A-0
—
of)
B
(Prov
•54
74%
.
3.5% )-.____1978
A4%s assented
v
54
A-0
external
secured
V
to
Slovenes
at
j-j|te
2012
7s_..__i—
f
s
to 2
113
THE COMMERCIAL & FINANCIAL CHRONICLE
YORK BOND RECORD
NEW
RANGE
;
Week's Range
or Friday's
Friday
4
B O N D S
New York Stock Exchange
Interest
Last
Period
Sale Price
Bonds
Co—
ft
impt M 3%s series E___
A
Div
1st
/•
2d consol gold 4s
1989
_1989
.
(ACLlcago ft Alton RR ref 3s
.nurnngtou <k Quincy
105 7/e
105
/i^/F-A I
/i
*128%
J-J
:
/
2
*/
A-0
105%
105
54%
i
118% 119
3
1st &
1985
F-A
105% 106
10
ref
mtge 3%s
ft Eastern 111 RR—
mtge
inc
(conv)
1997
-
•/
1st mtge 3%s ser B
1985
Chicago ft Erie 1st gold 5s
1982
Chicago Gt West 1st 4s series A_.—198R
AGen
inc
Jan 1
mtge 4%s
-
1st &
a
1st ft gen 6s
5s
gen
Chicago & North Western. Ry—/ "
2nd mtge conv inc 4%s__Jan 1 1999
1st mtge 3s ser •
1989
ISAChicago Railways 1st 5s stpd
105% 105%
J-J
,
105% 106 %
/
96%
102%
106%
120
117%
124
A-O
mtge 3y8s
cons
2s
3y8S'
s6r
:__I964
*122
ser
G
H_
'107%
'-1
Af-N
Gas
96%
97%
22
A4s
v
Gen
106%
7
65%
1i '
1st mtge
2%s
165
70%
72
78%
Af-N
J-D
J-D
32 y4.
80%
34%
526
:
69
93
959
M-S
106%
M-S
inc
__
111%
92 Va
106 %
1957
tAChoctaw Ok ft Gulf
1952
Cine Gas & Elec 1st mtge 2%s—-1975
72%
a'—
7m-n
105%
.J-D
i—
;
General
—.—1993
1993
J-D
1977
•
1991
/
gold 4s..!
Cin
Bt L Div
1
coll tr gold 4s
1st
Cleveland Elec Ulum 3s—
Cleveland
121% 121%
12
121%
139%
137% J39%
130% 130%
10
136%
6
127%
130%
1977
.j-j
15
109%
110
.j-j
109% 109%
107
107%
16
106%
107%
General 4 %s series E
Gen mtge 3%g ser
107%
102
1
Gen
«1st
8
t 5s series B gtd_
1st
a
f 4%s series C
.
ser
O—
2000
j-j
Gen
107
'13.
.
19
108%/
104%
4.
107 %
ser
16
106
56%
~8
59
59%
59%
8
88y«
100
20
107
103%
112%
7-*2
2
'''■-ti
:■
99%
93
Hudson
__
109%
91%
*106%:
97
/
27
93
■■■'•
-i-
„
— -
105 %
'
110 Va
106
10"
106
106
>106%
106%
106% 107
61
...A-O
.
106%
106% 107
32
106
83%
Af-N
1980
103
J-J
A-O
82%
103.
103%
*106%
M-S
—
F-A
v—
11
.
44
——1958
,110% 110%
110
/
*
1977
—
.F-A
1951
Conn River Power s f 3%s A_
17
1961
F-A
142
109%
f
43
A-O I
142
100%
104
100%
103%
80
83
112%
112% 112%
78%
80
U-N
f-a
140%
82%
81%
80
37
44%
,
112%
75'
45
\
'
J-J
—.1951
j-j
*103%
Iftffl
107% 108%
52
/•
104%
*103%
A-O
*103%
Af-S
Refunding 4a_—.:.
lines
.
.
V
104%
—
48
103%
105
106%
105
22
104
106%
103% 104
M-N
1952
12
102
104
104
J-J
1953
M-N
101%
100 % 101%
33
100%
M-N
107%
*107 >107%
40
105%
F-a
-.96%
95%
.
7
151
97
J-J
*102%
J-J
1st
gold 3s
1951
gold 3s—.1951
.Gold 3%8'.
Western Lines 1st
103
101% 101%
J-J
1951
J-J
*103'/4 ;
F-A
*105%
—
103%
101%
./' - J
•:
106%
>
'w— '
•
-
—
105
105%
*
.
102
104
*
-
102
101
13
*101% 102
*105
106%
J-J
gold 4Sx^.—i.1951
97
102%
102%
—
*1951
Springfield Div 1st gold 3%s
107%
-: m-*.
*104Va
F-A
Div
102%
93%
*105% 111 %
■j-D
Omaha
Consolidated Edison of New York—
104%
Kr-
104% 106%
106%
1
"1QR4
1
3%s
*65
A-O
St. Louis Div ft Term
110
108%
—
—
"V
j-j
Litchfield Div 1st gold 3s—
^.1951
Louisville Diy ft Term gold 3%s_l953
105% 106
v;
*
1981
Collateral trust gold 4s
j-J
.
104
Refunding 5s—*1955
40-year -4%s—-i—.i!——-I960
Cairo Bridge gold 4s——**.1950
140
108%
103% 104
103
103%
J-D
Co
Purchased
84 %
1U%
131
series A—1962
1st gold 3%s
.1951
gold 3s sterling
1951
Collateral trust gold 4s-x.-—1952
*115
454
5s
141
M-N
J-J
1st
—
J-J
103
108%
j-j
1970
Extended
102% 104%
:
1st a J
1st gold 4s
1st Fnld.3Vi>g
108%
80%' /
117
84%
3
Illinois Central RR—
A-O
t
29
104
*109%
1 ■
-1937
Illinois Bell Telep 2%v series A
—
108% 109
104
.
105% 106%
102% 103%
106 Va
108
*116
108%
' 17%,
103% 104%-
~9
93
17
106
/ 18
106% 106%
103% 103%
a-o
Gas 1st gold 5s
.1949
Manhattan 1st 5s A
1957
AAdJ income 6s.
Feb 1957
V
/
100
89 Va
109%. 110%
^
62
17
*103% 104%
j-j
Hudson ft
98%
98%
351
98% 100.;.
.
Hudson Coal
120
111%
*121%
/.
A-O
jyoo^i
tsAMousatonic Ry cons gold 5s
Household Finance Corp 2%s
103% 105%
18
111% 120
40
•
■*80
16
8
107
112
..:/v-;
108
105% 107 ,
104% 107 /
Feb
Jf-N
"
i09
106%
14
107
J-J
■
106 >/4
10
107
106% 106%
106% 106%
106%
Feb
Gull 8tates Util 3%* series D—1989
106 %
56%
59%
U
Bay ft West deb ctfs A
Debentures ctfs
139%
306% 107
j-j
Greyhound Corp 3s debs.:
--—1959
Gulf Mobile ft Ohio 4s series
B
—1975
Gen mtge inc 5s' series A__
—2015
1st & ref 3%s series D
—1969
110% 111%
•
Commonwealth Edison Go—
mtge 3s series L
Conn Ry ft L 1st ft ref 4%s
j-j
mtge 3 Vas
109%
j-j
1990
3%S %er
AGreen
115% 115%
108% 110 J
106% 108%
Columbus ft H V 1st extl gold 4s—1948
Columbus ft Sou Ohio El 3%s
1970
Columbus ft Tol 1st extl 4s
1959
3%s—
1980
N_
98 Va
112% 112%
120
A-O
Columbia Gas & Elec deb 5S-+——1961
debs
1970
M
ser
97 ya
105% 105%
A-O
1977
1st
L
mtge 3%s
mtge 3y8$
96
*59
■"■Xi
M-N
F-A
-—1973
Colorado & Southern Ry.—
4%s (stamped modified!
.Conv
mtge
Gen
96
98% 100
J-J
.
122
121%
j-j
.
.
105%
.j-j
13
107
M-N
1990
———1970
102%
„
Tj- j
65
59
J-J /
Pittsburgh Rit—
'Series C 3%s gtd————1948'
Series D 3%s gtd
.—1950
Cleve Short Line 1st gtd 4%s
1081
Oleve Union Term gtd 5%s
1972
/
10
105%
1952
97 %
108%
■
J-J
ft
v
Il970
98%
'
J-D
General 5s series B
105
*102%
__1973
Stocking Vajley Rs 1st
Ref & impt 4%s series E
Wab ft M Div 1st 4s
>
»
"
General 4y2s series D
105% 106%
.111% 111%
106
106%
__
F-A
F-A
3%s series E——.1969
89
"General 5%s sdrfes B
General 5s series C
100
106
108
A-0:
1st mtge 2%s ser G———1974
Cleve Cin Chic ft St Louis Ry—
82%
35
i/,
Terminal—t
.
'7
88%
106%
104
J-J
97%
Af-N
1st mtge gtd
105 >105%
81
-
•105%
107% 107%
M-S
A-O
A-O
-
88%
90
J-J
A
J-J
1943
Union
—'
88 V*
J-J
96%
"
108
1962
Cincinnati
100-103%:
102% 103%
87%
*50
.
M-3
1949
Oct 11945
.
J-J
J-J
1
■>
1952
5s.
—
J-T)
dCbsl-—1969
Steel
Certificates of deposit(B F) Co. 1st mtge 2%s_1965
Grays Point Term 1st gtd 5s
1947
Great Northern Ry'Co-—
I06y»
62%
■—
__
106
n98
_—
tSAChilds Co deb 5s part paid—
§ADebentures 5s part paid
cons
105%
69%
•
6
106
J-D
1963
1st ft ref 4%s series D
104%
,
28
94
J-D
1960
4s
106
KL——^i960
/^/VA-O/
—1951
-
103%
.
'U~N
Certificates of deposit---————
tSAGa Caro ft Nor 1st ext 6s_
1934
106%"
92 y8
'
com
105%
102%
*95% 130
/
of Berg Co cons 5s.—1949
Realty ft Utilities Corp—
■
conv
Castings 5%s
(AGeorgia ft Ala Ry 5s
"
1—
G.1963
ser
*105% 106
/
—
,
M-S
Goodrich
J-J
of deposit—-———
Chic ft West Indiana
106
103%
1-
*106
V
J-D
ft Elec
General
106 %
;
106%
Union Station—
% 1st mtge 3y8s series F
103
98
106/
'
*102Vb 131
series A
—1974
Certificates of depositx.
Francisco Sugar coll trust
6s—.1955
105'/a
103%
IM 86%
256
690
106%
—Dec 1 1960
guaranteed 5s
106
104% 105%
104% 106
CI
.J-J
Gen
A Certificates
100% 102
68.
107%
105%
93%
gold 4%s
•Income
106
•
I;
A
30'/av
384
-
1960
Chicago St L ft liew Orleans 5s—1951
Gold
3%s
1951
Chicago
.!
M-S
4%s—III1959
A 1st ft*ref 5s
25
J-J
gold 4s_——
1934
lAfiecured 4%s series A*
—1952
Memphis Div 1st gold 4s—
■?<
101% 101%
—
*
Af-S
Il971
Certificates of deposit.—
(Florida East Coast 1st
176
F-A
IA Refunding
Chic T H ft Southeastern 1st 5s
124
102% 103
J-J
—£.1953'
'
102% "
J-J
2000
J-
101'/4
'
A-O
ser'F_——1990
Firestone Tire ft Rub 3s
.deb——.1961
JAFlorlda Cent ft: Peninsular
58—1943
82
26%
97%
'
AConv
157
105%
A-O
2015
cOhio Div 1st mtge 3y4».
;
115
95%
1988
.
cons
1st.cons mtge.
,
4
•>
,,
deposit—.—.
L-!—1965
8tamped-.,^-^^.^f.fii_.i965
157
102%
105% 105%
J-J
120-
v£
J-J
partial redemption..—;
1927
(Chicago Rock Island ft Pacific Ry—•*
cf
94%
J-J
25%
4s
Jf-S
J-J
129-
//■'--/
J-J
•
*
ACertificates
■
120% 121 %l
157
'■/
v.
1st mtge 4s ser A-^i!.w*iii---l994
'Gen mtge 4%s inc ser A Jan 1 2019
4%s conv inc ser B___
_Jan 1 2044 I
AGeneral
1970
1st
22%
>
,
High
98%
100
40
*107% 109
■/
106
.
LOW
*120%
157
Gei. mtge inc,4 %s series A
J 1st cons mtge>3%s ser E_.
%:■
112
60
J-J
94
..January 1
102
'75%
;
49
J-J
1956
Chio Milw 6t Paul, ft pac RRr-
j
44
J-J
May 1966
Chicago Ind ft Sou 50-year 4s
29
Af-N
i
.
31
■
88
Range Since
Sold
No.
High
*102%
'1st
fRW
122
/
J-J
J-J
\
1966
series B
;
J-J /?
1947
series A
->•
Bonds
Friday's;
J-D
;
106 %
■: 75%
73
iW-N
*\AT-N
J-J
2038
>
1947
1947
(Chicago lnrt & Louisville Ry—
ARefond.xig 6s ser A
ARefunding gold 5s series B
ARefunding 4s series C
a
! 53
119
105
V
M-N
Empire Gas Si Fud 3%si52£--—1962
Sne ftailroad.''Co-^v:-.,: '--v.*:..'.--:---.'
64%|
117%
166
J-J
<
'
_
118%
or
Bid ft Asked
J-J
El Paso ft S W 1st
5s—
//I:ii^%ii8%
24
118
>
Week's Range
Last
-
Sale Price
1950
Elg... Jvliet ft East Ry 3%s
|
107%;
»• 1
F-A
AGen
107 %
'
483
J-J /
Chicago
Vft * G* ©i* 1st
5s—1955
(NY) 1st cons gold 5s
1998
4uto-Llte 2%s debs
Ed ra Til
Ktt—
1958
Friday
Interest
Exchange
I
?
49
105%
.
1977
Stock
Low
/;>;■*":////
64%
York
High
../ 146%/
'
63
8
Period
—
1st ft ref 4%s series B
;
/
2
General 4s
•
144
*125%
j.j
1949
48%
103%
::
106%
106%
*100%
/
J-J
■
105
146% 146%
M-N?
,;
1946
gold 4s
cons
Low
,
48%
105
fUS
1996
1996
„
Potts Creek Br 1st 4s__:
R
$oi.S
-48%
—
j-j
1992
impt mtge 3»/2s D
Ref ft
.•
FEBRUARY
New
:
5s stamp (partial redemption)__1942
Champion Paper ft Fibre deb 3s—1965
ft
ENDING
January 1
,
Ohesapeajce & Ohio Ky—
General gold 4V2s
Ret
WEEK
Range Since
/ Sold
Low
IA Central RR ft Banking
FOR
B O N D 6
Bid ft Asked
High
Monday, February; 11,1946
'
3 %s
debentures.—..1948
3%s
*
debentures
3%s
1956
debentures———!
A Debenture
-1958
RR 1st 5s.
A7
i
%
s
A 6s
Curtis
ser
67
75%
75
75
75%
67%
1st ft ref 4 Vis series C--—x-*
1st
75
xnd
104%
1057/8
103%
104
J-D
59%
J-J
—
59%
46
50
88
86
86
44
47%
49%
51%
48
50%
46%:/47%
51%
50
J-D
—1950
59%
49%
*85%
J-D
1946
59%
48%
—
*48%
A-O
51%
■
101% 102
101%
4s ser D
—
111
ft
Iowa
1st
gold 48—..
—
J-J
Int Telep ft Teleg
Deere & Co
23/4S debs
;
-
A~0:
'
1965
106% 106%
j.n
'103%
ref
Income
Morris
Coll
Delaware
JDenver
9 A 1st
.
M
mtge
ser
106%
Rio
<
107%
S A Con sol
Light ,3s
"
James Frank!
4%s
Western
f 5s
Detroit
^ O
*
Edison
4s
series
Gen ft
ref mtge 3%s
ref 3s
:/./
1978
F
Term
ft
Tunnel
4%s._
Dul Miss ft Iron
Range Ry 3%s
HADU £ou Shore ft Atl gold 5s
1st M 3%s
Puauesne Light
For
footnotes
see
page
233
66
73%
V
J-J
////:f; '
Af-S
^
76%
78%
78%
:
18
18%
F-A ;
17
18%
A-O
72%
73%
14% .19%
18%63
/ 76
\
/:
106% 107
106%
107%
108%
108% 108%
108%
109
110
109% 110%
109
110%
vs
70%
70%
63%
70'%
J-D
50
50
45%
50
Jf-N
'
96%
'K
103 A
x—
"?;V"
\
105:,^
103
*100
Af-N
48%
76%
54%
92
:
77%
92
95
97%
255.
62
32
//
103%
102% 103%
105 V2 105%
//
103%
.
103%
7
105%
108%
74
105 A
105%'::
F-A
98
162
tj»
102%
""J-J
107%
82%
28
107% 108%
■
105 alt
I'-*-:
—1955
ft Clear 1st
J-D
4s.—1959
118
A-O
1937
J-J
1969
J-J
V
1 119
117
106% 106%
•/
49%
105
52
106
-
X
'*^1 >*ir ^
ft Mich
105 A
105 A
/
$
61
64
101%
.105
103%
105% /
.
A-O ~i
*l07ya
^1975
Kansas City Terminal Ry 2%S——1974
Kentucky Central gold 4s
1987
Kentucky ft Ind Term 4y*s
—1961
/ Stamped
19fil
/♦Plain
-1961
4
4l/2s unguaranteed
1961
Kings County El L ft P 6s*
1997
Koppers Co 1st mtge 3s
1964
tAKreuger ft Toll 5s ctfs.
1959
1st mtge 4s ser A
—
a-o
A-O
83%
107
-
/
-A-O
!104%
..
J-J
.
J-J
„.
J-J
'
A-O
A-O
\
Af-S
—
120
107%
81
85 Va
11
82%
*12
105%
107
75
104%
104%
104%
105%
83%
".'65%
71%
108%
108%
106
106%
—
*105% — •
*-187%
__
.
*105 • — ; '
*120%
71%
71%
108% 108%
*110% "
•
J-J •-
83
106% 107/
104% 104%
A-O
j-j
84%
82%
84
*
*106%
t
*5
—
6
4%
4%
119
106 %
100%
105%
107%
104% 105
//%^
—
:
98
104
99% 100%
--
J-J
[*'{ :^
'■
1st gtd gold 4s—1990
Fort. Scott & Mem Ry—
>. IA Refunding gtd 4s
—1936
ACertificates of deposit.
Kansas City Southern Ry 1st 3s—1950
J-D
-
91
95%
Kansas City
M-S
"
I9ul
1962
t
J-D
1968
1970
Detroit ft Mackinac 1st lien gold 4s 1995
ASecond gold 4s
1995
Detroit
67%
1
A-O
1965
series G
series H
'64
__
F-A
1953
Gen ft
73%
78%
•
J-J
A Assented
A Ref & impt 5s series B
*108%
f' J-J
v
RR—
i,100% 101%
66.
'
-,,v
1936
:
67%
Kanawha
A-O
;
1936
J Denver & Rio Grande
,
66
+
,
72%
1973
RR—
4s
gold
s
100% 100%/
Vjf-N
/"
/
May 1 2042
&
Grande
consol
M-N
1993,
division
89%
>"/ 96%
A-o
Jones ft Laughlin Steel 3 y«s.^—.1961 /
1973
4-6s
Power
AGeneral
C
due
Essex
&
tr
&
5s
91
19 /
106% 107
M-Ht
,
&
54%
80
106%
__
a-O
Oelaware & Hudson 4s extended—1963
Delaware, Lack & West RR .Co—'
N Y, Lack & Western div
1st
deb gold 4!/2s—1952
53
J-J
js—'
Debentures 5s
97%.
89
'
1975
93%
v"
.
114%
\
93%
■,;.
A-O
-
105%
102
9"
106% 107
106%
53%
..
J-J
•
16
106%
105%
'
*111
.
96
104%
'
—
100
92%
3
16;
114 > 114%
114%
J-J
A-O
Int Rys Cent Amer 1st 5s B——1972
_13C5
'
mWi 102%
96%
149
96
106%
*105'/a
Af-S
v
249 /">
-
100
95
105
106%
S
J-J
Ali<t gold 58 series .0—-1956
10'3%
99
J-D
J-J
lAInternat
Called -bonds-
Dayton Fr,& Lt 1st mtge 2%s
Dayton Union Ry 3%s series
/' '-./ ;/
—
•102% 103%
100
J-D
*
1950
Hydro El deb 6s—
1944
Internat Paper 5s series A & B—1947
Ref sink fund 6s series A—*—£.1955
103%
J-D
1063
1963
(Alnd & Louisville 1st gtd 4Si.
1950
Indianapolis Union Ry 3y2s ser B.1986
Inland Steel 1st mtge 3s series F—1961
(International Great Northern RR—
v;/Alst* 6s series *
--—1952
A Adjustment 6s series A—^ July 1952
/A 1st 5s series B——x*-——1950
108%
102%
103 % 104
ref mtge
*
Illinois Terminal Ry 4s ser A——1970
75%
67%
*68
*104%
(
106%
105% 105%
gold—^..i._j..-.1952
Publishing Co 3s deb
105
107% 108%
1942
deposit rets
10
Registered
10 Cent and Chic St L ft R O— ,
// Joint 1st. ref 5s series Allx.l*.1963
104%
J-J
receipts——
A deposit rets—
1946
B
ser
103%
J-D
receipts-—-——
ADeposit
75%
i
101% 103
M-S
Continental Baking 3S debs.—.1965
Crucible Steel 3'As s f debs
1955
A Cuba
3
105% 105%
J-J
,/^J-j
,
4s——1956
Consumers Power 1st mtge/ 2yaS—1975
A Deposit
28
J-J
4Si——1955
lACuba Northern Ry 1st 5%s
:
103% 103%
J-J
;
A Debenture
.
102% 103
A-O
Ry non-conv deb 4s_—-1954
( A Consol
•
?A-0
106%
49 %
54
104%
106
Lake Sh
3'/2s
ft Mich Sou
registered
gold
3%s—-1997.;,
1997
lis.... 113
j-d
J-D
/1
—
110
110
800.
•
''-r'4^-.n
ki
sssm
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4463
Volume 163
NEW YORK BOND RECORD
RANGE
Friday
Week's Range
/' lMst fk-* or Friday's
Sale Price
Bid & Asked
S-iB O N D
New
Interest
Exchange
Stock
York
-
\
Period
Lautaru Nitrate'Co Ltd—
//"
,
(
mtge income reg
1973
Lehigh Coal & Navigation Co.—,
ENDING
Sold
No.
Low
68%
-
76
%
ANon-conv
ANon-conv
1051/4
4s
.
stamped
deb
.2003
;—2003
ref
ref M 2%s
1st &
ser
1st.
■
—1054
1992
21% -26'/a
89%
90%
136% 136'/2
118% 119%
107
9 '
107
107% 107%
107% 107%
107
7
' 4
,10
~ \
<
106%
86%
90%
1963
105%
107%
105'/a
108%
118% 118%
106% <107%
118% 120
8
>
■4
/-.'v;
105% 105%
5
105
106 %
33
104
105%
15
107% 107%
12
110%
104%
G——2003
103% 104%
;
•91
*100%
42
29
31
1943
97
1946
/'
-
1980
—1953
108'/a
100%
103%
—..2014
......
59%
impt 4%S£eriesA_.
;
1
Ref
138
138%
138%
123% 127%
120
127%
118% 118%
115 %
*137%
"
—
*130%/
—
88%
94%
85%
89
85%
118%
•
•-'82
94%
89
107% 108%
107
110
108% 110%
2047
impt 5s series D_——
4%s..1975
108%
107%
110%
105% 106
i Coll/trust
105%
108% 110
Ref & impt 5a series C.———2047
102% 104
71
135%
,138
138
2047
2047
c
&
42 y2
108
seriesA—.1998
registered......;
Ref &
98 %
32%
1968
Gen .lien ry & Id gold 3s——Jan 2047
3s
,
Ry Co—
118% 119
1948
i
.
104%
101
101
mtge 4%s
75
39%
1940
gold
A Gen mtge 5s con v inc.
113%
113
1937
...
Gen ft ref 4%s series A J....,
1974
Northern Pacific Ry prior; lien 4s—1997
4s registered—.
1997
{,■
113%
1st
72
Norfolk ft.Western Ry 1st gold 4s_1998
North Central gen & ref 5s
—1974
/
107% 107%
2003
cons
4VaS,
Norfolk Southern
106"% 107%
'• 7
r,
107
104% 105%
gold 3s
15%
102 7/a
1st
5s
ATerminal 1st gold 5s
I8AN T West ft Bost lstf 4%s.
Niagara Palls Power 3%s
1963
Atl Knox ft Clno Div 4s
12%
1993
gold
lAGeneral
A—1969
Paducah ft Mem Div 4s
St Louis Div 2(1
1940
.—.-—1957
N Y Steam Corp 1st 3'/3S—
1863
IS AN Y Susq & W 1st ref 5s...——1937
.....I960
i
1st 5s series
3%s series P
M
1948
6s
gtd 4s.
N Y Queens El Lt ft Pow 3%S—
Louisville ft Nashville RR—
&
6s_._
4s..
N Y & Putnam
Lorlllard (P) Co deb 5s———1951
1st
110%
1953
1958
:
1355
N Y Power & Light 1st mtge 2%S_1975
Lehigh Valley Terminal Ry ext 5s_195l
Lex ft Eastern 1st 50-yr 5s gtd
1965 *.
Liggett & Myers Tobacco 5»
1951
Little Miami gen 4s series A.
1962
Long Island unified 4s
.——.1949
j Guaranteed ref gold 4sl
!—1949
4s stamped—
1949
debentures
4s_—.
JAN Y Ont & West ref 4s--_June
5 A 2d
3s
High
4%s series of 1927__.1967
lAHarlera River & Port; Chester—
Sa stamped
Louisiana & Ark
Low
v.
iAGenerar 4s—,
i
Louisville Gas ft Elec 3Va8
-
A 1st & ref
■;v
4'/as
*
Range Since
January 1
Sold
No.
1947
certificates 3!/aS
SACollateral trust
stamped ' modified
..2003*
registered
———..2003 /
modified—_i. —2003 h
4 Vis
'r
Bonds
High
.......1958
deb
ADebenture
1950
modified...
registered
Low
.1954
;
;
AConv
—.1964
stamped—.——1974
4s
3%s
ADebenture
LebVal Harbor Term gtd 5s——1954
;
3%s
Friday's
Bid & Asked
?;
*
ANon-conv
————1954
Lenigh Valley N Y 4y«e ext
Lehigh Valley RR—
*
deb
deb
.
1947
ANon-conv defr 4s
1st ft ref sink fUDd 5s.—.—>—1974:
5s
4s
ANon-conv
./
104%
__
deb
or
v
109 %
High
68 %
2
68'/2
Week's Range
Last
Sale Price
.
,
stamped/',
Friday
Interest
Period
1st ft ref. sink-fund 58——.1964
5s
5
i
New York Stock ExehaafO
'SfLst, ft" ref, sink.,fund:'5s.^^^^u.l954:>::
'
8
BONDS
Range Since
/January 1 •••;
Bonds
Lenign Valley Coal Co—
) 5s stamped...
FEBRUARY
IN Y New Haven & Hartford RR—"
Dee
A——.....1970;
-
WEEK
'
A 1st
// BP mtge 3%s ser
High
Low
1
„
FOR
105 %
106%
Northern States Power Co—
t;
•
1st mtge 2 %S——....1974
1st mtge 2%s___
..1975
*103%
M&lhe Central RR 4%8 ser A—^.1960
1st mtge ft coll 4s see B.—..1954
Manati Sugar 4s sink fund«/Feb 11957
82
AManila RR (Southern Lines) 4s
Metropolitan Edison 1st mtge 2%s.l974
25
..
lOgdeiisburg ft Lake Champlaln Ry—
Alst guaranteed 4s—;—
1948
Ohio Edison 1st mtge 3s„
.1974
1st mtge. 2%S..—...L1——...1975
105% 106%
12
101%
103%
9
26%
27%
*100%
& Sag 3%s
1951
goldf 3%S————1952
Ref ft impt 4%s series C..—1979
Michigan Cons Gas 1st mtge 3%s_1969
IS A Midland of N J 1st ext 5s..
1940
1st
Minn St Paul ft Sault Ste Marie—
*107%
*
107% 107%
105 % 107
105V2
111% 112%
110%
112%
.96%
97
93%
,
Guaranteed stpd cons 5s—
lien
4%s
series
Pacific
199U
A General
-
D
94%
97%
1978
95%
98%
4s—w«—.—1979
P....*^—^1977
58
100
60
100
39%
gold 5 %s
—.*—1949
ref gold 5s series II..
1980
A 1st ft
105% 107%
,
102%
102%
38% 41%
100%
100% 102
100%
J1981
100
*100% 100%
*108%
109 Va
f *106% i09%:
*109%
110%
1109 % 110%
105% 105%
111
107%
,
,
106% 107%
J.07%,U0%
29,
* V-'66-h ;107%ail%
111
110
V
108
.109%
108% 109%
__
1960
Paterson ft Passaic G ft E cons
.
35
/ ,63
.
' 107%, 111
104%'
107%
105%
105%
.i
.li'//:
5
68.1949
Pennsylvania-Central Airlines—
3 % s conv inc debs.-..-;—-—iI960
i
100V4
108%
..
111%/ '110%,111%
Panhandle East F L 3s B
102 Ya
100%
..
__
118%
117% 119%
42
4:
M-S
112% 112%
1
117%: 125%
Pennsylvania Co—'
Moh'k ft Mklone 1st gtd gold 4s—1991
Monongahela Ry 3%s series B
1968
?
«
..
Tramways 5s ext..—..1951
Morrell (John) ft Co 3s debs
.1958
Constr M
gtd 3.%8—2000
1955
5s series A
1955
Mountain Btatea T ft t 3%s_—1968
1G6%
Constr M 4%s series B
1947.
.......
91
93
jf-N
1952
Gtd 4s series E trust ctfs
93
Pennsylvania Glass Sand
101 %
A-0
107
106% 107 %
46
106
107%'.
103
Pennsylvania Power & Light Co.—
1st mtge, 3s—'—.——...
;1975
.1965
A-O
105%
105 % 105%
48
104
105%
106%
106% 106%
106%
107
106% 106%
106%
106%
127
129 %
127%
_-'/.
102%
72%
73%
71%
86
•
3s
74%
86-
88%
81
81%
79%
83%
106% 106%
106%
f
s
debentures—
Pennsylvania RR—
>
Censol gold 4a_—...., ,.—....1948;
4s sterl stpd dollar
-May 11948
Cons sinking fund 4%s
.1960
General 4%s series A™
1965
General 5s series B
1968
89%
106%
Steel
1st
mtge
3s
1978
Gen mtge 3
1965
fANew England
RR gtd 5s
1945
A Consol
gtd 4s
————1945
England Tel & Tel 5s A
!1952
gtd 4%s series B
.—1961
N J Junction RR gtd 1st 4s
1988
*118
New
*108%
New
1st
Jersey P & L 1st mtge 3s
1974
112% 113%
125% 125%
■"//:
■
•
114%
125% 126%
118
118
107%
—
Peoria
106% 106%
1952
*107% 108 %
107%
107%
Orleans Term 1st gtd 4s.—..1953
1st
&
109% 109%
107%
109%
1st
106%
108
/
5s
series A
ACertificates
of
deposit—......
—193B
Alst 5s series B_——1954
ACertificates
;
Alst
5s
series C-—
ACertificates
/
■t
of deposit——.—
of
——.195fl
deposit
Alst 4%s series D
ACertificates
1
of
1
1950
ACertificates
of
Ref
& impt 4%s
Ref
ft
100
100
101
98%
98%
95%
97%
deposit———
100
"
100
imnt 5s series C
2013
98%
99%
96%
98%
112 .M14 '/a
registered
1997
3%s
registered
1998
..1998
...
Mich Cent coll gold 3%s...
3%s registered
1998
—1988
111
98% 100
95-v
94
/
*90%
95
95%
Chicago ft St Louis—
Ref mtge 3%s series D
—1975
mtge 3%s ser E—..1980
I; -/////■/'///■:v/-v'1'
N Y Connecting RR 27/8s ser B.—1975
Dock
N Y
1st
N Y Edison
1st
lien
&
gold 4s
3 Vis series D
ref
94
N Y Gas El Lt H & Pow gold 5s
A
N
/•
Purchase money gold 4s
Y
ft Harlem
L.
gold 3%s
y
N
:?•
Y
Lack
& West 4s
4%s series B
For
footnotes
page
800,
104
105%
104%
103 Va
105%
106% 106%
106
107
1948
/ 111%
1949
1973
1973
see
104%;
105%
103%
2043
series A
104%
104
101%
2043
104 % 105 %
137
..
139
133%
133% 133%
-
—
131 Z
106 % 106%
106%
108%
107
133%
106%
104%
107
107
106% 106%
104%
106%
104 %
106%
M-S
M-N
J-J
1937
108/
108:
93%
"101
V;
94
101
v
..1989
-I960
Pitts Young ft Ash 1st 4s ser A—1948
1st gen 58 series B__
——.1962
V: 1st gen 5s series C
1974
m
1st 4%s series D——
1977
^Pittston Co 5% inc deb
1964
1st mtge 4%s series C
Potomac
El Pwr
1st
M 3%s
—
,
*22%
,
20
'
105%
22
20
26
20
24%
21
104% 105%
105%
*105
—
104
105%
105% 105%
-
*106%
tAProvidence Securities 4s—
118%
t A Providence
115%
117
118%
90
/
97%
94ya
100%
Terminal 4s_.
Public Service El ft Gas
1st ft
/
1st
ft
ref mtge 3s
ref mtge
5s—
/. 1st ft ref mtge 8s
1966
3%s
1957
—1956
1968
—1972
2037
2037
—
*116%
—
*115%
—
,
■
*115%
127% 127%
127%
126%
*126%
127%
126%
/ 137
133 »/4
137 '
*137% t—
134%
138
107
109
137
107% 108%
*
100% 100%
102% 103%
103%
106
106
103% 103%
—
101%
101% 102
102
102%
t..
101% 102
101%
*125%
100% 103%
105%
103%
■:
98%
106
105%
102 /;
98%. 102%
98%' 102
105
*105
*105
—
*127
__
*117%
•
__
—
101% 101%
.99
100% 106%
106%-
106
101%
106%
109
110%
108%
1091/4
*115
1977
C/1st mortgage 3%8—*
108
118%
115%
—
117
F-A
103%
104
—
1949
1953
1957
1st mtge 4%s series B
108
118% 118%
'115%
104
—20
debs—.—-1964
Pittsburgh Cine Chi ft St Louis—
Series E 3%s gtd gold..—
Seriis F 4s guaranteed gold
Series G 4s guaranteed
Series H cons guaranteed 4s
•;
104
2000
Mtge 4s series A
Mtge 4s series B_
83
106%
104% 105%
*106% 107%
:?
106% 106%
103% 104
1951
••
106%
*138%
-
94
76
_.
4%i series B
.1950
Pitts ft W Va 1st 4%s series A—.1958
.1960
—1905
3%s series E
104 %
106%
92
—
1st mtge
New York
Ref
76
*107
—
94
76
92%
M-N
3'/as debentures
.--1965Pitts Steel 1st * mtge 4%s—1—-.1950
J
;
132%
106
106%
*106
—
3-D
1960
1963
Series J cons guaranteed 4%s—1964
Gen mtge 5s series A
1970
Gen mtge 5s series B
-I97®
Gen mtge 3%s ser E
1975
Pittsb Coke ft Chem 1st mtge. 3%s_1964
Pittsburgh Consolidation Coal— / / ; v - /
101 % 102%
3%s
107%
Series I cons 4%s
2013
Lake Shore coll gold 3%s
111%
105%
M-N
Phillips/ Petroleum 2%s
102%
series A__
107%
.
Cent ft Hud River 3%sf.^..—1997
N Y
;*
100
101
A——1998
109% 111%
J-J
-
100% 101%
—.1954
N Y Central RR 4s series
128%
2%s——.——1967
——1974
ref M
f S A Philippine fiy 1st s t 4s
ACertificates of deposit—^
deposit
Alst 5%s series A—
132%
132%
Philip Morris Ltd deb 3s——
1962
/ 3s debentures
—1963
INew Orleans Te>as ft Mexico Ry—
§ANon-cum inc
127%
130
J-J
and ref ,2%s__—
1st ref ft imp 4%s
139
103% 132%
.:132%.
110%:
94
F-A
gold 4%s series C.—-1977
Philadelphia Co coll tr 4%s
1961
Phila Electric 1st & ref 2%s—1971
N O ft N E
New
MS
A-O
M-S
5a series JB--—
1983
133%
,132%
Apr
General
New Orleans Great Nor 5s A
>
126% 127%
136% 139'
124%
106% 107%
,
i:F-A
ft Pekin Union
General
108
129%
129
—
//■/'•;
Apr 1990
Ry 5%s....1974
Pere Marquette Ry 3%s ger D—..1980
Phila Bait ft Wash 1st gold 4s—
103%
97% 101%
lll7/8
—
__
127%
139
J-D
3-D
A-O
A Income: 4s—
/
99%
■ •
J-J
V«s tier P—^—-—<—1985
/
103% 103%
101% 101%
,
P-A
>.J,'
Peoples Gas L ft, O ref 6s———1947
Peoria ft Eastern 4s ext.——I960,
>...1948
Jf-N
A-O
.*; Gen mtge 4 %s series E——
1984
t: Conv deb 3 Vis..—4..^.—....^.1952
lANaugatuck RR 1st gold 4s—1.—1954
Newark Consol Gas cons 5s
M-N
»
—ip9%;
:
Na«ional
112%
106%
100
101
General 4%s series D
Nash Chatt ft St L 4s series A
*103%.
j-d
3%s_——1960
111%
106
*106%'__.
*102%
73
87%
81%
Mutual Fuel Gaa 1st gtd,
,
93
101
Montreal
Morris ft Essex 1st
101
&
1st ft ref M 3s series M_
1979
1st & ref mtge 3s ser N—...—1977
Pacific Tel & Tel 2%s debs
1985
Paducah ft IU 1st s f gold 4%s.—1950
100
100
ref Ss series G—.....1978
Gas
•S
101% 102
100%
58
A 1st ft ref 5s series
ACcmv
105% 106%
106
Electric Co— 3%8 series I——.1968
1st & ref mtge 3s series J
1970
1st" ft ref M 3s series R-——1971
1st ft ref M 3s series L
1974
106% UO
A™.—1965
A-lst ft ref 58 series L.
101%
1st ft ref mtge
99% 100%
A 1st ft
■
101%
101%
1940
gold 58—194Q
CO 1st
Coast
Pacific
.
* A 1st ft ref fis series
101%
97
Jan 1991
ACum adjust 5s series A—Jan 1967
IMissouri Pacific RR Co—
;,
-• /
J
,
104%
100%
'
Prior lien 5s series A—...—..1962
4u-year 4s series B..^
.1962
Prior
101%
100% 100%
101% 103 '
—
Oregon-Washington RR 3s ser A_196Q
Missouri-Kansas-Texas RR—
f
.104% 104%
..
1971
A__Jan
Mo Kansas & Texas 1st 4s__.
/
27'
108%
105%
100%
Ore Short Line
107
24%
107%
101%
101% 101%
1975
Oregon RR & Nav con gold 4s_
1946
1st cons gold 5s_._1946
..
—
25
108%"/; 108
108%
104% 105%
105%
•
Oklahoma Gas ft Electric 2%s
Jack Lans
ser
25
•
■ •
95
Micmgan Central—
mtge 4Vas inc
108
1959
Metrop Wat Sew ft Drain 5%s
1950
t§AMet West Side Ei (Chic) 4S..1938
AGen mtge 4s inc ser A
106%
101%
87%
McCrory Stores deb 3%——1955
A 1st
106%
108
89%
101
?
102%
108
1st mtge 3%s.——.........1964
105
105% 106%,
.
(Wise)
102%
—
39
__
*108
■
109
.
116%
39
—
110%
109% 109%
■
—
:
*161% 168 :
' *245J/a
160
160
250
250
/
<
Monday, February 11, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW
YORK
RANGE
Friday
V
i
;
BONDS
-Last
Interest
Exchange
York Stock
New
BOND
WEEK
RECORD
FEBRUARY
ENDING
7;.'7
Week's Range
or Friday's
Sale Price
Period
FOR
Bonds
Range Since
January 1
Sold
Bid & Asked
Low
High
No.
Low
Stock
Week's Range
or Friday's
Bid & Asked
Low
High
Friday
bonds :7777
New York
Interest
Exchange
Last
"
Bonds
Range Since
Sold
Sale Price
Period
January 1
No.
.
High
1043A
Quaker Oats 2%s deb.
8
Low
High
105 %
&
Gas
Tennessee
Transmission—
7 1st mtge pipe line 3s
'••••
1965
Terminal Ru Assn 01 bt Louis—
Ref
&
Gen
(4.7%
mtge
t5ARio Grande West 1st gold
A 1st cons & coll trust 4s A
Rochester
115
78 Va
1949
108%
/
108%
108%
109 •
71%
72%
20%
20 V,
18%
22%
23%
22 Va
64 V2
Adj
Gas
.1998
Rocky Mt A P 5s 6tpd
—1998
1955
2d
gold
L
6s
IBt Louis San Francisco Ry
7 A Prior lien 4s
.—1950
r
deposit
1st
bond
4s
"A2d
.
•
4s
United
Paul
Air
Line
Ry—
f
105%
132%
'
19f»G
,
of
A 1st
■
.
A Ctfs
■
6s
51
A Ctfs
of
61
60%
1945
'73 7
74
(Guaranty Trust)
1st
V
Line
4s
mtge
Gen
dep
Air
RR
A
ser
Co—
'
Shell
87
debs.-
debentures
2%s
Pacmc
4 %s
Gold
pran
Southern
1st
mtge 2%s
1st
&
gen
&
gen
Q»
1st
Div
T.ouis
series
A
108%
106 V#
106 Va
102 Va
102% 103 Va
101%
103% 103%
103%
Internal
uBpoxaae
Oil
of
Oil
Standard
Sunray
Oil
103% 104
Co
k
J
N
119% 121
117V#
126% 128
126%
3s
debs
2%s
135
108% 108%
107%
108%
106% 107%
103
66%
.
106'% 107 %
109%
109% 110 %
111%
111% 116%
105%
105% 106 Va
105%',
105
106 Va
1052
A—2014
106% 107V#
1Q3
105%
1QR1
105
67 Va
107%
105%
.
93%
92%
94%
89%.
87%
91
v
*109% 110
—
103% 103%
*107%
i
■-L
w7
V:
105
87%
1st 4s.—1941
C7
105%
*118
—
86
7 88%
deposit
tCompanies reported as being in bankruptcy, receivership, or reorganized under Beotlon 77 of
105%
104%
105 %
^
108%
year's range,
n Under-the-rule
the year's range,
y Ex-coupon.
in
the Bankruptcy Act,
107%
105 V<
__
108
102%
delivery sale not included
Deferred
included
not
107 !
103 % 104%
105'%
of
109
'
•104%
.
63%
105%
106%
*103%
I960
4s
105%
7 104
105%
In the year's range,
d Ex-interest,
e Odd-lot sale not
sale not included in the year's range, r Cash sale
„,i 7
'
|Negotiability impaired by maturity.
fThe price represented is the dollar Quotation per 200pound unit of bonds.
Accrued interest payable at the exchange rate of $4.8484.
a
included in the
.107%
67%
106% 106%
1959
debs
ACertificates
128
126%
1956
,
ser
107% 107%
f ASu & Du div h term 1st 4s—1936
7
ACertificates of deposit
Wisconsin Elec Power 3%s
..1968
Wisconsin Public Service 3 Vis—„—1971
121
123%
i33;7?;;135K7
1st
IA Wisconsin Central
144
121
1981
Heb
inc
104
104
i
7
104V-I 106%
7
8 B
Winston-Salem
106%
136%
142% 144
105% 106%
1968
debs
3%
Corp
103%
144
106 %
1st gold 4Vas,_2013
2%s
Oil 3%» aebs
8uperior
Swift
Call!
4s
Wheeling Steel 3% series C_—.—1970
Wilson & Co 1st mortgage 3s
1958
106%
JQR1
4s__
77
7 Gen & ref M 2%s series A—1992
103%
103%,
104
Southwestern Bell Tel 2%s debs___1985
Stand
105 %
i996
5s
ernld
let
104%
106% 106%
-1956
gold
Div
102 7 -105%
107% 108%
1996
6%s
Devel
Mem
104
108%
105%
1994
5s
6s_
t
102 %
1958
Devel
4s
104% 105%
1958
gold
cons
&
1st
4%s
Pacific
Western
7;
1986
_•
*-4,103%
*116% 117%
1966
series I
Power 3%s
Maryland
—
.67%
67 Va
v
—
Western Union Telegraph Cc—
7 Fur.dir.g it real estate 4%s——1950
| 25-year gold 5s
—1951
f7 30-year 5s_>——i.—r-1960
Westinghouse El & Mfg 2%s
1951
West Shore 1st 4s guaranteed
2361
7 Registered —L—
-2361
Wheeling k Lake Erie RR 4s
—1949
.-.7
7
Devel
gen
106
105
1981
C._
Ry
104%
105%
_1961
B__v
series
105% 1067
1950
A
ser
series
3%s
Western
107%
106'
Co—'
RR
—
1967
mtge 3%s„.—
West Penn
78;-
105,"
/
1st 4*-..—_194»
1st
107% 110%
107% 108%
*103%
gold 3%S—2000
Gen
111%
—.1969
Ht 4*„,
108
1970
1955
3 %s
ref gtd
RR
102%
7v 1
,
'
■
}—
Tfrin
v.
Vi 106%
101
isoa
debs
5%s
Petroleum
105
,
1968
Pacific
Southern
73 Va
4s
mtge
Co
Q7:7':
01
1991
Washington Terminal 2%s ser A—1970
Westctiester Ltg 5s stpd gtd—
195o
7
105 %
104%
102,
1985
3%s
•:
105% 105%
1977
Co-
(Oregon Lines) A
4 Va s
San
104
1979
4Vis
Gold
102%
1st
101
97
1981
1971
B
ser
Washington Central Ry
21%
Co—'77" 7.
4%s
Gold
103 Va 103%
Co
Baking
Warren
1964
-
—
-
mtge 3%s
Warren
..1963
debentures
Boutueru
1st
108
1941
gtd 5s
Bell Tel & Tel
Southern
3s
RR
*112%
—^995
(subordinated) A
90%
19%
106%
—1965
-
Socony-Vacuum Oil 3s debs
Si Nor Ala
80
20 Va
103% 107 %
1st
Ward
7
101%
1961
2%s sinking fund debentures
2%s
99%
90%
v
19%
111% 111%
1958
mtge inc 4%s ser B__Jan
Walworth
105
110
1954
ti ASile&iari-Am Corp coll tr 7s
Bkelly Oil
South
105
:193ft
debs
2%s
Ou
i
81 %
110
(Joseph E) & Sons 3%s_1965
Union
105% 106%
2003
.
AGen mtge 4s inc ser A-w—Jan
AGen
J
101% 101%
mtge 4%s ser A wi—
All Fla 6s A ctfs
5s
cons
Wabash RR Co—»
7
81%
74%
wi
tA8ear>oard
Seagram
—:
—
80%
(Chemical Bank)—
tSAAi.l k Birm 1st gtd 4s
1933
ACertificates of deposit—
Seaboard
*103%
1st gtd 5s
77.61%
1959
A—
1957
129%
56 7
of dep
104%
*119%
1st
122
118
56%
series
103 Va
coins f 48 series A—1955
RR
Virginian Ry 3s ser B—
122
(Chemical Bank)—
dep
cons
132%
(N Y Trust)——
of dep
A Ctfs
103% 104%
Va & Southwest
105%
stamped
of deposit
IARelundmg 4s
A Ctfs
105%
Electric & Power Co—
1st & ref mtge 2%s ser E
1975
Va Iron Coal & Coke let gold 5s—1949
63%
gold
•
104 %
-
54%
ACertiflcate
V;
110
*104% 107%
Cons s f 4u series B
i.989
Depot 3V8S B
Bcioto V & N E 1st gtd 48
{A-is
106%
107%
Virginia
1971
Union
JSeaboard
106%
103%
109%
109
Pictures 3%a debs...
Vandal la
1952
1990
gold 5s series A
Bt Paul k Duluth 1st cons gold 4s_1968
*§ASt P & K C Sh L gtd 4%s
1941
Bt
103%
103% 103%
3%s debs—
Biscuit
Universal
Nov 1989
ref
&
104%
103% 103 %
grant 4s
...—.
34-year 3%s deb———.
35-year 3Vis deb—....
Ref mtge 3s series B
—
106%
1988
certificates
IA 1st term & unifying 5s
AGen
105 Va
104
7 38%
*..
■
_
bond ctfs
inc
104%
102%
3%s.
2%s_—
tr
Ry <Chic) 5s—
& land
Certificates of deposit stpd
A
Mo
110
106% 106 %
106%
debentures
Union Pacilic RR—
r^ A Prior lien 5s series B
—1950
A Certificates
of deposit—.
—
V A Cons M 4%s series A
1978
103%
104% 104%
1960
2%s
1st
iSt Louis-Southwestern Ry—
103% 104 7
105 Vs
of
110
1949
debs
3%
58
100% 100 Vi
Oil of Calif 3s debs——
Union
...,
A
ser
of
Certificates
A
Co
coll
&
M
gold 5s
1st
91
53%
103 Vi 104%
103 Va
gold 4s—1948
1st
Corp
89
57
Jan 1960
Elec
&
t§AUnion Elev
,.104% 104%
90%
1960
4s
Buff
&
Electric
1st
ref
ref & impt 3%s—1960
Tri-Continental
105%
—_1985
5s
income
Ham
1947
1st 4s
gold 5s
Adir 1st
8t Lawr &
Bt
Island
& Grand
Jos
-..auon
of New Orl 3%s__1974
1st
Ohio Cent
Union
Bt
103%
1968
Baguenay Pwr Ltd 1st M 4%s
Ry
Trenton
20%
gold 5s
3%s ser E
M
Toronto
74
1965
1st
Tenn RR
Ave
Tol &
.24
108%
1959
deb.
3s
134
108%
i..v
Pacific-RIissourl—
Pac
*108% 110%
ref
&
Third
A
oiaa.A-
ounwi
Pacific
Si
Gen
mtge
Ft
Company
Texas
87%
<x
debentures
3s
:
Texas
4Vis series D
1877
Gen mtge 3%s series H
1967
Gen mtge 3 %s series I
1967
Gen mtge 3%s series J
1969
»AR I Ark & Louis 1st 4 Vis
1934
fARut-Canadian 4s stpd
1949
HARutland RR 4Vis stamped——1941
Gen
104
107%
Texas
108
103
Corp—
Elec
&
Gas
107Va
due_1975
..iflfio
4s__1939
1945)
3Vis
for
Revere Copper & Brass
imp 27/#s series D—
Tfcxarkana
129 Va
...—9019
1985
4s ser C
imp M
Ref &
1951
Reading Co Jersey Cent coll 4s
Rensselaer Sz Saratoga RR Co—
106
securities assumed by such companies.
or
♦Friday's bid and asked prices; ho sales
s
being transacted during current week.
.
^ ABonds selling flat.
■
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
in
and
deferred
in
In the
following extensive list
Feb.
the
week
RECORD
YEARLY
in which
we
furnish
2_ and ending the presenF^Friday
security, whether stock
every
AND
delivery sales are disregarded in the week's range unless they are the only transactions of the week, and when selling outside the regular weekly range are shown
they occur.
No account is taken of such sales in computing the range for the year.
-<
-
lootnote
a
or
a
(Feb.
complete record of the transactions
8,
bond, in which
1946).
any
It
is
compiled
dealings
have
on
for the week beginning
the New York Curb Exchange
from the daily reports of the Curb Exchange
occurred during the current year.
on
Saturday
itself, and is intended to include
'
'
■
RANGE
,
.......
«TOCKS
i
New
York
Curb
Friday
Excbang#
Last
Week's
7'
Sale Price
' Range
of Prices
Low
ACF-Brlll
Acme
A
D
lit.
F
Aero
;
V
Motors
\wC<
warrants
10
^H\uh
10
<-'irVa
Investors
Convertible
Inc
9 '/#. Jan
11 Vj. Feb
7 30%
Jan
Jan
.713%
Jan
Aluminum
Goods
Feb
22%
Jan
Aluminum
Industries
Jan
6%
preferred.^
Jan
Jan
5V2
Jan
Jan
20%
7 -:f%7% Feb
-*19
Jan
'.'•■•7(22% Jan
7 5% Feb
Aluminium- Ltd
6%
American
Alabama
Power
Fisher
Co
$7
preferred...
Allied
Int'l
Alliea
Prn.iuctf
For
13%
Investing $3
Altorfer Bros Co
conv
pfd.
common
see
14%
Jan
page
*
805.
common
._.*
common
Book
.100
Jan
22%
Jan
American
Jan
9%
Jan
Jan
133%
Co
Jan
.Tan
-
OenrrRl
American
116%
:
Cities
Convertible
cinss
Mfg:
Power
class
A
&
4jight—
....
Trrn.
Jan
118%
107
Jan
109%
Jan
American
Cyanamid
Co
-12%
Jan
•14 %
Jan
American
&
Power
B
.
Foreign
44%
Jan
48
Jan
American
Fork
48
iMichi
footnotes
117% 118%
107% 107%
common
17%
128%
prer-'-red..-. 7.
Shares
Low
Jan
60
Jan
American
Gas
14
Jan
14
Jan
4% %
k
&
Hoe
common.
preferred.,
warrants.
common.
Electric
71
.119
119
24%
...
Beverage common—....
American
Southern
——
Mfg
preferred..
8%
Great
100
•
;
.
preferred....^
for Week
72 '
Aluminum Co common
Jan
15%
convertible
&
3.500
Sales
Range
Par
15
Air-Wa>
$6
W V
5%
nreierred...
Exchange
Range Since January 1
36%
tN J)™„__
common.
Mfg Coro
Alabama
Curb
of Prices
Friday
STOCKS—
York
New
Week's
Last
Sale Price
Sales
Shares
8
22%
Mfg common.™,
Associates
Air
ADcs
FEBRUARY
<5%
Class
Air
60c
ENDING
27%
Supply Mlg class A
llreon
WEEK
for Week
kuiuuiuu...
Co
Ainswol Vh
FOR
'
11
.24%
23
23
__
.
Loto
76%
800
25%
High
'
63 Ve
Jan
115%
8,100'7
121
Jan
'
76%
Feb
Feb
121
1,100
24
Jan
25V0
Jan
150
21
Jan
26
Jan
24
136% 139%
139%
Range Since January 1.
HUih
;
7
1,300
77,7;
116%
.
Jan
139'%
110%
Jan
111
Feb
Hari
Volume 163
FINANCIAL CHRONICLE
&
THE COMMERCIAL
Number 4463
.
EXCHANGE
NEW YORK CURB
FOR WEEK
RANGE
Friday
STOCKS—
New
York
Curb
/
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Friday
STOCKS
York Curb
New
for Week
of Prices
ale Price
FEBRUARY 8
Sales
.Week's
.■;:■•. Range
Last';'
Exchange
ENDING
Shares
Exohango
Range Since January 1 #;
Low
High #■;
*
Par
V 15
General Corp common. ,.10c
convertible preferred——— —1
S?
S2.50
convertible
Laundry
—
Co
common—.
American
Potash
26
#'
Jan
Central Maine Power 1%
Jan
Central
New
Ob lo
Jan
30%
Jan
Central
43 Va
Jan
46
Jan
Cefttral Power &
# 9,300
24%
Jan
27%
Jan
700
28%
Jan
32%
Jan/
500
20
Jan
24
Jan
5%
#
'r
5%
.
American
5%
Republics——————10
American
—2
lOo
1st
$6
preferred
$8 series preferred
American
Thread
American
Writing
l,v Conv pfd opt div
Conv pfd opt div
Anchor Post
20%
6,200
15%
Jan
20%
Feb
5,300
8%
Jan
10%
Feb
120,800
2%
Jan
3%
Jan
100
119%
Jan
121
Feb
Jan
59
Jan
Feb
Chief
121
121
55
58
6%
.
.
43
2,600
7%
10%
14V2-
15%
''•#
#
7%
6%
2,500
Jan
12
Jan
15%
Feb
Am dep rets ord reg————El
6V2
#;c Common class A non-voting
6%
39
Feb
200
112
Jan
•
Birm
Atlantic
.23%
Products.
14%
Jan
Jan
Jan
114'/a
Jan
Clinton
23% Jan
27%
Jan
Club
12
Jan
13%
100
68,300
6%
Jan
10 Ve
Feb
24%
300
16 Va
Jan
29
Jan
22
550
17%
Jan
22
Feb
22%
400
20Va
Jan
10%
;
2,000
3,600
:
,
Jan
7
7%
Jan
11
Industries
Aluminum
Jan
Colon
33A
6,300
2%
Jan
3%
Feb
Colonial
11 %
325
10%
Jan
11%
Jan.
15%
883A
125
10%
:
4,300
;
13
26#
26%
16%
8
700
10%
10%
10%
20%
20%
22
26%
'
32%
;
4
164
32%
152
26%
26%
24
-
Jan
8%
4,300
,
*
Jan
31,000
,
145
V
16%
1,000
y
500
Jan
v
18%
^
Rubber
Banco de
; J
los
11
Jan
12%
Feb
27%
32
Jan
30,800
7Ve
Jan
Jan
18 %
Jan
19%
Jan
7%
9
18%
81%
80%
8%
#15%;;
St
wrnts
Iron
(new)—
10%
28
•".
v;
Fire
Arms
—
Public Service
Community Water Service..
Compo Shoe Machinery—
10% Jan
v
Jan
22%
Jan
Jan
27%
Jan
26%
Jan
35%
Feb
19
Andes-—
Barium
Steel
Barlow
ti
Corp
Seelig
Basic Refractories
7%
variants—
—
(L)
A
Bellancu
V
41%
Jan!
42%
t
£
;
43
15%
Jan
20
preferred
Co
100 Va
!#«
11%
12
17
11%
■mm,
.
19'/a
.
—
20
^
40%
4%
—.10
7
24%.
8Va
1
22%
4%
300
14
57
70
1.100
24%
6%
,
;
8%
390
39%
c
38
39%
5%
5%
4%
21%
!'27%'\
15%
K
Jan
:25
Jan
>
23%
55%
56
37%
55%
37%
8%
39%
173 V
34%
?.?40%
...
Jan
Jan
21%
600
Jan
29%
Jan
6%
55'A
.
1,700
7
Feb
Croft
Jan
Crystal Oil Refining
Jan
-
!V 3%
.83%
Jan
*
4%
Jan
Jan
5%
•
26%
25%
26%
3,900
24
Jan
27%
29%
29
31%
2,900
21%
Jan
31%
...l
5'A
•
—
.9%
^
5 Ve
5%
13,200
9
9%
3,100
4%
i_—
,,JIU.>'
American
Oil Co.——...
American Tobacco—
Ani dep rects ord bearer..
Jan
9
34
34
5%
11
:
Feb
34
Jan
25
•Jan
22%
7%
$ 7%
British Columbia Power class A—r*
Class B —.i'.U..
•
Brown Fence St Wire common..—*
1
Class
A
preferred..
Brown Forman
7%
Jan
24%
26%
'74%'
4
10%
Distillers.—.
10%
58%
;
4%
11%
33
•
200
33.
58 Va
25V2
3%
Jan
9%
1,500
*
,31
Bruce
Bruck
<FL>
Silk
common—#—
10%
Mills Ltd—
Hill
bunker
Burma
Surrv
&
„
Butler, (P
14%
Jan
Jan
22
-O
3
33
Jan
10%
common———25c
Detroit Gray Iron
■.
45
Jan
Jan
18
Jan
Jan
15%
Jan
19%
Jan
23
Jan
2%
Jan
4
Feb
Jan
400
8
12%
Feb
#
8%
■#-.
3%;
.
-
1
>
35%
v
4%
4%
47/a
—
ah:/
700
Calamba
Electric
Fire
.
1,600
6
# 4% Jan
,
Canada
Cement Co
#
Ltd
.
,
—.1
11 Vs
9%
300
12% ,13%
11%
11 Va
.
6,000
.—8
——
voting———
non
.
5
.
13%
'
"
;
4,100
#
Jan
10%
City
Carman
Si
Tar
;; Class B
tarnation
15%
Casco
Castle
Jan
,
,16'
(AM)
805.
30
i'
Jan
#
32'A
Jan
;'
•
•'••
■'**" "■ V
4%
,
Jan
>
s
36%
Feb#
38%
.tan
13%
Feb
20
•
Jan
:
:•#
Feb..;
>
r,
Duval
#25%
Jan
Jan
37 Va
Jan
v
13
Jan
13V8
Jan
700
,
5,400
;
30
140
17Q$ 170M
10
"164
Jan
Jan
Jan
Jan
Feb
1,700 '•'
13 Va
Jan
Jan
#24%
Jan
Jan
21%
Jan
4%
Jan
#:7;#
Feb
8%
Jan
11%
Feb
32%
Jan
': 37%
Feb
Jan
V
15,300
10%
11%'
36%
11 #■
V
Jan
i
6%
:
11%
23%
37
13 '
24-%
100 v
20%
12 Ve
24%'
12 Ve
37%
4,500
'
"
#
900
•
18%
19%
23%
19
24%
45
39 Va
70
66
# 7
7
"
2,100
1"
'
7%
24%
#40
I4V2. 15%
14%
84 ,;
Feb
,
Feb
Jan
7% Feb
Jan
/ Jan
41V4
Jan
15%
Feb
#84%
Feb
83%
60
65
45
87
^ 12% Jan
9,400
84%
63 Va
,
Jan
Feb
5%
49,000
Jan
19 "Vs
Feb
V 66
V#. 300
39 % Jan
17% Jan
29%
1,000
45
170 #
.
23%
200
#.85
Jan
Jan
;
91% Jan
,62 •
Jah
65
Feb
*98%
250
,
Jan
102
Jan
•# 10'
Jah
10% 3m
#19% Jan
# 19
Jan
7%
10%
8,100
/' #6%
Jan
10%
Feb
15 Va
,'lfl%
.
Texas 8ulphur^
>:;15
:v:"-17.%'
.178#.
170#;
Jan
Hosiery class'B common—*
Test Corp common
—
1
Duro
Jan
36%
50
•
-
53
24;
V
60 -
17%.
Feb
Jan
V;
4,300 '
Am dep .rcU ord reg,,——:———
15%
2,000
14%
Jan
#15%
Feb
7%
6,400
'
r<.
,#■
'
-h. v..#
I
6
>
4% ft
Feb
# ;#'20%
Jan
Eastern
Malleable
Jan
16%
Jan
Eastern
States
4
Jan
34%
475
30
Jan
35
Jan
33%
100
32%
Feb
34
Jan
700
27%
52%
#
55
20
-1
—'
-id
■
•:
21%
40%
~
21%
41
Feb
117
-
13%' 14
-■
Jan
52 %
150
■
y-'
preferred—
13%
23,600
26%
'
prior preferred
15%
600
1
4%
33
#
—_
& Co.——.—
page
•V;%
18%
15%
'• :
j
—
—.
see
"
J- '
.
footnotes
'
54
—...—
com—.
Jan : i-yi.
5%: Jan ;#
##58-;
# Jan
165 # 168
10
Feb
32%
Products—
For
—
4%
■
•
common.
Carter.(J W) Co
8%
Durham
Jan
6%
.——
Co
—
———
Carolina P St L $5 pfd—
:
.-28
—
•
Jan
17
700
36%
16%
■
Textile Co Ltd
■;
—
-
class A
32 Vs
25
13% ,14
16%:
St Chem Co
Dunlop Rubber Co Ltd—•_
Jan
*25
,.
10% Jan
200
16
v# 32%
130% Jan
"k
600
53
36%
13%
'
Products
Co
r.
i
150
24%" 25%
B————JI
Ltd
*
Steel & Coal
Duke Power Co——
# 11%: Jan
Jan
', 24% Jan
15
Jan
.100
voting..—;
Canadian Marconi—.
Capital
Jan
*
63
Ltd——-*
East Gas & Fuel Assoc common-—-.*
preference—...
Canadian Industrial Alcohol—
A
Jan
55
V
,
.
Driver Harris Co.—
9% Jan
9%; Feb.
10%
#;#■*•'*•
common—
—
Participating
Class B
Jan
;4Va
•Jan #•:'
#20%
Jan
Jan
"
*"9%
X12%#:
Canadian Car & Foundry Ltd—
Class
1814
Jam
Jan
9%
,r8% Jan
•8,000.
13%
25%
Draper Corp.——,—————r.
Feb
#;#r;4%;Feb
##4%: Jan#
...1
Ltd———.
Co,
'
preferred
-£l
-10
Corp
Bread
Y» %
...
Insurance
Canada
6
.
———
Power
Tungsten
Camden
pfd
Sugar: Estate:
California
Callite
dep rets 5%
43 v
s
5% Feb#
V# 2014 Jan.--:
18
Jan#:
Jan
;;,6%
V
10
36%
53
Dobeckmun
.
American
13
'15% Jan.
3,400
12%
V
.
6
Jan
-;,-6% Jan.v
■"
■
Divco
Dominion
5%
5%
500
Jan>
Vvk.,11;;;. Jan
33% Jan
Jan
Jan
56%
36%
,...
la \ Jan ■.
V
3 'A
V43,100 ;
3,000 v
: 5 2,760
•7
Jan<
29%
dep rets ord reg—-———*1
Corporation .——,—-——
J
Co common.————-—1
Domestic Industries class A com——1
'
Dominion
# 6'#
11
;
46
107
Jan
•
26%
V
35%
5#
'.4%vJanV 39-
120,800
#18%
56%
>
J an
##B,60O
20
1 20'A
7%
18
.
Am
■
Dominion
Cable Electric Products common—. .50c
Voting trust certificates..
.500
Cables St Wireless—
•>.#.':
Jan
Jan
13,400
##325#
"19%
18%
16
1
-27%
26%
/
Feb
•B'A Feb
i: 6%
200
Corp—t-t—-1
Co Ltd—
Distillers
Dominion Bridge Co
i
5%
40
Jan
14%
100
240
^
v——-10:
preferred
7%
Diana Stores
V
Jan
Jan
Co common—
De Vilbiss Co common
.12% Jan
10%
-V
:
,.«\31
4,300
V
»A Jan
30%
•
>■
VV^300;
7%
8%
*
1
2—10
10
Detroit Steel Products—
7,100
8%
m-
;
5Ve
•
n
—*0
Foundry———!
preferred—
6%
Detroit Mich Stove
14%
# 43%
99% 102%
-1
Feb
Jan
10,600
'
V'V
'
;#■>•-;#: %
*
Jan
409,200
22%
4 H
U%
3%
10%
43
——35
Gasket & Mfg
Detroit
Jan
.11% Jan t;
„
Jan
5,700
3%
111
Jan
'*
-50c
Derby Oil & Rsf Corp
Jan
68%
8%
110% Jan
1%
$6 prior preferred-————-—*-50
8% debenture—t—1Q0
102%
41%
Feb
32% Feb
52,100
2%
4%
Dejay Stores common—
——50o
Dennison Mfg class A common——5
Jan
Jan
100
12%
Jan
650
19 : f'20
Dayton Rubber Mfg new com
"
Class A convertible
.
Jan
6,600
„
15 V':'
14%
22%
Sullivan....—..—.2.50
Corp.— ——.12VaO
H)
43
v
Jan
Jan
Jan
2.50
Davenport Hosiery Mills.———-
-
44
•
Corp Am dep rets————
Biscuit
Jan
18
43
Buckeye Pipe Line.—.
'
10%
9%
Co common...,.—
Feb
9%
25%
4,500
Feb
common
100
1,600
i'p: $5 prior preferred.——.
Brown Rubber Co
•4%
..
lpO
64 7,
7%
27
Jan
1,650
:277V,
Vs
6% Jan
5,800
47
8,000
3,600
!;
#
34
Lighting Inc common
(Mo 1
,
^ Amer dep rets ord: reg.————,»10i
Jan
D
Feb
-
y.i
6%
11%
Jan
21
dep rets ord reg—
British Celanese Ltd—
^
Jan
28
Curtis Mfg Co
I:
\
...
Am
4%'
18,900
•
150
Jan
21
23%
.•
Jan
Jan
,Feb
34
30
29%
v
21X Jan
•
!-e
Tobacco
Curtis
Feb
Jan
Jan
10,900
27%
—'
Sugar
Cuban
Jan A
——.1
common
Atlantic
Cuban
Jan
Feb
;
14%
^
common...—-•
t
..—10
preferred.
t $6
%
22
•
26
83
28 %
1
Crown Drug Co common
25c
*
% convertg^e preferred——25
Jan
68
47
Jan
Jan
71%
,
13%
Crowley JMilner. St Co..—t
Crown Cent Petrol (Md)—
5
Crown Cork International A-—i-—*
'
12%
28
19%
Jan
Jan
2%
6%
5%
# 16%
65
-
Feb
9% Van
14%
^
*
—
150 ;•
Jan
„*
Brazilian Traction Lgt & Pwr._
Brewing Co—
Jan'-;::#;:
"
Breeze Corp common—
Brewster Aeronautical.—
6
5
1
—
Jan "
r: Jan
lll'/a
2,300
40
Jan ™
39
Jan
29% ;
"5%
57%
140
Jan
108 %
27%
wi
Crosley Motors. Inc—
118%
28.%
■
Jan'
Jan
1,925
Courtaulds Ltd-* v,
American dep receipts (ord reg)—£ 1
Jan
Jan
115%
83 Va
6%?| ##6%
39%
50
.
81'A
preferred..
convertible
s%
91
Feb
v
60
■
83%
d——-—_#
Reynolds.iT,
56%
60
Feb.
85
4,200
&
Jan
56
3%
11%
Mines—————56
Jan
145
Jan
2%. Jan
111'/a 111%
Creole Petroleum—
\
Jan
24%
28 »A
25% Jan
56
ioo
Bridgeport Oil Co..
«
•
Jan
Jan
10%
■
Feb
5
20
10
117.;
111%
"V
23%. Feb
.44%
11
$6 preferred A——
:
—
Cosden Petroleum common—
'.V
Jan
'
preferred————100
Range Co..—-
Feb
Jan
Jan
12 Ve
12%
30%; 32%
prior
17%
Jan
4%
Jan
Jan
111% 111%
I-
'
Jari
48%
5%
Feb-
Jan
.16 V
7
Jan
Jan
v
25%
1st preferred
2d preferred
Feb
%
40%
.
37/e
>
40%
Coro Inc
Jan'
25-
Bourjois. Inc—
common—
Jan
.
2,800
^
88%
12%
iCor? */On
Jan
:v;6'
.
3%
.
117
i'-.V
Feb
Jan
2%
86%
v:
32%
Feb V'!
Feb
145
145
88
100
50
.
—•
45%
3,200
10,100..
.
45%
Cornucopia Gold
'Jan
13%
7,600
33,000
6%
Jan
100
Jan
400
Co—..—..———106
Copper
30
19%
—•
17% 1st preferred..—...———.100
Borne Scrymser Co.—.—
....28
British
Jan
:•*' 70
30
25
29%
6%;
3%
:
Royalty Oil———...—10
Steel Corp
—•
Jan V
,37^/a^Jan
2,900
35
27%
6%
—*
Gas
Textile
:j>,
V 17%
7-5'V
■
450
15
20%
l
Co common
14,300
35
15 %
Jan.
12%
Jan
; 37Va
■
2.850
.
4%
22%
series B preferred.—.——100
Consolidated
Feb
165,
::
220--. :
5%
97
# 3%
-
23'/a
21
23%
1
preferred series C—
"
Blumenthal (S). & Co..
British
12
-
Jan
6%
10
31
—
Mfg Co
;# Classy A—.
Jan
21 %
13,BOO
173
Jan
5%
,.,
aV Jan
700:
4,900
;
Continental Fdy St Machine Co———1
Continental Gas & Electric Co—
Feb
*21% Jan
50
900
30
173 :
Jan
Jan
43
44%
Cook Paint & Varnish Co—
17
30%
.——......100
common
Brillo
14%
17-A-vJan
24%
70
:
Blue Ridge Corp common—
1
, i
$3 optional convertible preferred—.*
$5
Jah
825
17 S
17
1
Jah
6%
:
..
7lA Jan
39% Jan
650#
v
4%
~4%
—.7..—.1
L P Bait common
Consolidated
Jan
11
'
—
Bowman-Biltmore
'•
.
•
Bickfords Inc common
l
Birdsboro Steel .Fdy & Mach Co com—1•
Blauner'g common
7%
Jan
Jan
8%
3,800
7 vV
—100
2%
752,200
y\
'
39%
Utilities...———1
Consolidated Mining St Smelt Ltd—..5
Consolidated Retail Stores—.—.—_1
y-
%8%
45,600,
250
Feb
;
Jan
16%
Jan
.5%
27%. Jan
1,750..
v
"
•
——
Rights W
Consol
Inc..—5——1
Aircraft common—...
(H Ci
14%
15 Va
18,100
.7:
8%
7% Jan.
V
..*
————
Biscuit
Consolidated
Jan
21 f
...
5,700
,
45 Va
100
1
extended to 1946—
c
<»%%
,
Feb
2,bud
20%
Hedges common———.—*
>
Convertible preferred
lr-^-*
Berkey & Gay Furniture
j
Bohack
50
la7»
12%
14%
5
&
(E W)
;
v
common———
Bell Tel of Canada—
Bliss
42%
18%
.
.
10%
.....—i
.
common
Beaunit Mills Inc common.——
Beck (A S) Shoe Corp
Benson
.18%
Feb
4,900;
4%
10%; 11%
%
25
—1
'
Conn Gas & Coke Secur common
49% Jan
Feb
'•
1st preferred
Brummel Ties..—..
Beau
43
....
Mfg—
convertible
Baumann
•,
12,500
42%
__
Jan
37
V:,. 5,100
3%
43%
100
:100
—
Community
Consul g E
47%
88
46%
v
,
.550
7
'5%
34
-
Jan
Feb
100
16%
5 Ve
30
Jan
60
37
300
8%.
15%
k
32
Jan
49
475
37
#
preference
4%
—1
Feb
9
•50
82
37
1,200
48
w
Fuel
19%
'46%
5%
Commonwealth St Southern
,w
common
Jan
700
900
19%
1
Feb
26
5:
shares.-,^——i.————#
American
$1.20
Co
17%
Jan
12%
# 31%
•:
8%
*
100
—
Jan
B
preferred................30
15%
Feb
Jan
Jan
145
Jan
140
Jan
14%
29
•
Baldwin
'
34%
155
Jan
13%
60
Feb
Jan
Jan
146
200
Jan
4
165
Jan
27%
1,600
14%
17%
Jan
Jan
Jan
2%
150
"12
12%
ordinary
Airlines
Patent
5 %
7-
7 !o
Jan
15
320
34%
37-.;
Colt's
Jan
27
Jan
1,000
43
48
'
100
I 35%
44%
Jan
37,100
:
151% 155
,14%
Feo
40
800
17%
3%
31
common.———'
Development
Co»«nbrtated
,
Feb
22 %
152
Columbia Gas St Electric—-~
:
11%
$3
Babcock & Wilcox Co
Feb
Jan
550
48
152
Co...,
16% Jan
jan
:
Utensil
91
Jan
*
86 : < Jan
"
22,400
6,400
33
44%
17
Inc.—
Plow Co
,# -Rights
9%
]
Baldwin Locomotive-—
45'A
Jan
Jan
Jan
25
14%
26%
..25
—
36
Feb
Feb
Feb
46%
10%
"3%
Lights Inc
Jan
15%
preferred.—
37
Jan
18
163
—.———10
103A
86
i;
Ayrshire Collieries Corp
130
46%
48
Co.————l
112%
6% Jan
Colorado
1%
Voting Machine.,..
•
Avery iBF) & Sons common..—......5
142
142
——1
Clayton & Lambert Mfg————*
10%
Xt0
pfd—100
l
...1
Fisheries.
Neon
Cockshutt
Automatic
6ft
Claude
3%
3%
Coast Line Co
50
Atlas Corp warrants.——,———
Atlas Plywood Corp——,——1
•?'
Feb/
Controller
30
12%.: 12%
Atlantic
Automatic
Clark
Cleveland Electric Illuminating
Cllnrhfield Coal Corp..
—
10 3A
12'A
A—
48
Jan
16%
City Auto Stamping.
City & Suburban Homes
Industries—•
& Coast RR Co
Coast
Jan
115% Jan
14% Jan
S 6%
6%
•
Associated Tel & Tel Class
Jan
106
45%
144
11%
114% 114%
American dep rects reg
—..£1
Associated Laundries of America
—•
37
880
7
*
....
11,600
9,700
13
6%.
6%
10%
24
Jan
600
'
,
—•
z
...
1,700
6'A
preferred.*
Equipment Corp. „
2.50
Ashland Oil & Refining Co.————l
Atlanta
Feb
preferred....
preferred B—
$6 preferred BB
60c
10%
# 6V2
.10
13% Jan
10%
48
44
■#;.'- ;
,—.—10
..V
common
22,500
.11%
Aro
Associated Electric
1,500
12%
Arkansas Power & Light $7
;
6%
42 Vi
Jan
8,300
39
•
_
## 5%
6% - 6%
## 40 %
113% 113%
—•
preferred—
19% Jan
Jan
18
;■
Corp
$6
?
Arkansas Natural Gas common—
21%, Jan
Jan
142
43%
128
'•# 9%
.——J
Consolidated Mining..
.1
fChilds Co preferred ............—100
Cities Service common....—,
—10
Feb
9%
10,900
Jan
9
8,400
12
14%
-
Jan
18
21 Va
Cherry-Burrell common............__5
Chesebrough Mfg.——————.25
Chicago Flexible Shaft Co common
Chicago Rivet & Mach...
—4
3%
12?'#V
Angostuxa-Wuppermau
l
Apex-Elec Mfg Co common
•
Appalachian Elec Pwr 4Va& pfd—100
Argus Inc -—.—^—-——1
Jan
106%
14,000
ii%
11%
Chamberlin Co of America————5
Anglo-Iranian Oil Co Ltd—
,
120
Jan
1,400
12%
Jan
24
Cessna Aircraft Co common...
10%'
#
Feb
16%
Jan
105%
43
Jan
ser
20%
# 20 ;
46
:V■
Feb
56
8%
—J
Fence.———;
.29
46%
Jan
3»/a
#' 7% ;#
250
13 Ve
-
55
•
preferred-.—8
Paper common—*
105% 105%
140
—100
—100
ser__—
Jan
53%
3Va
5%
Utilities—.50c
41
10%
121
20%
Range Since January 1
Low
High
6,000
pfd—100
Light 7%
150
54 #
■
20
•
^^1
Proaucts—
16%
15%
120
fiCent States Elec 6% preferred—100
Vic preferred —
i.—100
Cnans
Seal-Kap common—
Superpower Corp com—
Amer
105%
300
46%
53%
V-i :
Steel
100
pic—100
'
15%
■J
Jan
#: 5%
Jan
4%
22,000
:
45%
19%
'(# v'.;"
'#:##,.■'#
pfd.
5%
fower
Central h South West
26%
29%
22% #: #'
■
•
York
24
500
;
——1
America
49%
29
#22;;#;:;
of
'# ""'450
y
#:■; 44%
Corp
53%
.
22
29
Chemical-——*
&
Jan
'
High
Low
Catalin
15% Jan
Feb
52
28
.26%
—1
Maracaibo Co.—
American Meter Co.—————.
American
47
'#27 #
44
—25
175
,
Jan
53% :;•/#'. 50'
'27
Light & Trac common. —25
preferred-—-.———-^ —25
Mfg
48%
14
.53%
20
Americrn
«%
300
15 Va
47
.
—25
Mach——
High ;######
15
i'*'
Hard Rubber Co——-
American
American
t
■
preferred——.
American
Low
####%:;#
American
400
400
150
'
Jan
4%
27%
59%
Jan
Feb
Jan
117
-Jan
$7
$6
Iron
——
-28
Corp—.———*
preferred series A—
preferred series B...
Eastern
$5
-
—
;—-100
——100
Jan'
14
Jan
Elp^tnc
Jan
22%
Jan
•#;
Bond
Jan
41
Feb
"'
.# #.,
73 •.# 74%
.
42
1,100
4%
4%
#" 77 V2
;#;
&
Sharp common—.—.'
6
;
-
8 H
V Jan n
97%
71
,
104
Jan
42 Va
Jan
5
Jan
Jan
74
Jan
80
Feb
71
Jan
79
Feb
51
Jan
11%
Jan
25
4,800
t. #175
80
.
..
76
.
79
53
56% :
13%
»
>
13 Va
13%
29%
29%
Jan
: #
77%
.
1,500
4,500 #
250
23 Va
25 Vt
Jan
75%
300
76%
77%
2,500
#56% Jan
14%
-
72
25ya
-
Jan
75% Feb.
Jan'
75% Jan#
Jan;
29%' Jan
18% Jan
•45,500
75 %
23%
3%
•
325.:
78
Jan.
J Fete1
80 t a. Jah
# Jan
40%
50
4% ;
42
54%
"pfd formerly $5——,
—*
$4.20 pfd. formerly; $6.1..——1——*
550
'
$3.50
34%
'•
99% 104
y
Sugar Associates-—-
preferred
12%
104
•
Easy Washing Machine B.—
Economy Grocery Stores
—
20
7
#57%':
,
78%
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB
Monday, February 11, 1946
EXCHANGE
J'if:;.BANCE FOR WEEK ENDING FEBRUARY «
Friday
Last
ITOGKS
jjmW
Kxekaacs
Garb
York
Week's
Bangs
Sale Price
'■
pgr
Option
warrants
EimocraphlcAm
155
-
ll.Vi
—
—r——
_
*
IB'-
59%
JO
pM—100
Equipment^.-——•
Equity Corp cominon..;.———---106
$3 convertible preferred.. .HnVi
4
>111%
5%
preferred
58%
'
Empire District Electric 5%
14%
4
Erasco Derrick ft
EsouireIno_--_---.
-
M
Eureka Pipe Line common...m
Eversharp Inc new common..
.'
.1
»r
..,■
14/a
4
-.
60%
111% ; >
70 ■
14%
_4/a
500
" 18'/*
56%.
;
•
32
55
22
32,600
175
,*
32%
57%.
Jan
155
Jan
12 >4
Low
29%
Jan
24%
Jan
>62
14%
Feb
Pairchild
51
Jan
^
109^ Jan & 111% Feb
13^ Jan .
14% Feb
3f •{*"
49% Jan
,
Fansteel
Fedders-Quigan Corp
.
Federal Compress &Warehouse
Fire
Association
(Phil*)
Ford Motor Co Ltd—
150
.30% Jan
3,300
x41% Jan
•.
.
B
vnMng
Jan
'
1,000
400
12% Jan
14% Jan
30
200
28%
30% Jan
116
13%
.13%
20
Jan
Franklin
Co
Franklin
Jan
114
Jan
90
* Jan
92%
Jan
109
1,150
94
Jan.
300
26
Jan
33%
Jan
60:
Jan
68%
Feb
Ill
.
30%
.
31
64% .68%
:
—
3,800
—
21%.
m
...
I
*12%
*
3%
3%.
200
21%
18,300
21%- 22
:
13%
1,000
5%
1,700
350
37
37
100
35
2%
,
Jan
Jan
33%
32
43,400
1,025
26
11%
123%
3%.
3%
2,200
5,300
U% Jan
2% Jan
30
*
2%
Jan
Jan
*
1
preferred
6%
,
Fuller (Geo A) Co
$3 conv stock
ft Lt 5%% pfd«.100
Jersey Central Pwr
1
100
preferred--*- mmmm* mmmmmmmmmmtmmmmmmm 100
Julian & Kokenge Co
*
7%
•
convertible preferred——1BI
preferred—400
Kansas Gas & ®e« 1%
Co
Kawneer
Garrett Corp common
Ciatineau
Power
Co
1
....
preferred
Gellman Mfg Co common
Key Co common
Kidde
(Walter)
—101
1
General Alloys Co
Gen Electrio Co Ltd—
,
Amer
:
dep rets ord reg
—.,..,,11
General Finance Corp common—
,.1
18
preferred series A
Warrants
—11
General
Public
Service
$6
•
Rayon
Shareholdings Corp
$6
Co
convertible
125
Glen
—•
Corp
Coal
$3
Mfg
Mines— —1
.
4
Jan
14
Jan
Jan
71
Jan
Graham-Paige Motors $5 conv pfd—25 ;
Varnish———
1
Gray Mfg Co
I
Grayson Shops (Cal)
—.1
47%
Greenfield Tap ft Die—
Grocery Stores Products
23 Ve
%
—21
45
•
21%
Utilities $4.40 pfd
Gypsum Lime ft Alabastlne
116-
*
flail
Lamp Co
Bridge
Co
Ltd—
10%
Jan
20
Jan
Realty common
-
:
w
plopo
Jan
Jan
Jan
I
'
•
'
♦
''
.
•
-
Land
& Exploration—
Corp
Light $6 pfd—
"
Jan
Feb
B
10
—
1
•
common—B
1
Mass Utilities Association v t c
common.———•
pfd*—100 |
McCord
Corp common...——.—*
J $2.56 preferred
—
—*
Massey
Harris
McWilllams Dredging.—
J
Mead Johnson & Co--—...——I
Memphis Natural Gas common..—-—B
Mercantile Stores common———*
•
Merritt
ft Co common
Chapman ft Scott
Warrants ——r.—
•
"
•
'
-
Preferred-i.—
10
Corp——1
te.l
Class B v t c———1
Middle West Corp common.—;
B
Midland Oil Corp $2 conv preferred—*
BUdland.Steel Products— , ; ■
$2 non-cum dividend shares—^.—*
Micromatic Hone
Middle States Petroleum class A v
•
—1
warrants
Huyler's common
J
1st preferred
1
Hydro Electric Securities———•
Eygrade Food Products
.....
,
Metal Textile Corp
—
25o
participating- preferred—..——15
Michigan Bumper Corp.——P—1
Michigan Steel Tube.
2.50
Michigan Sugar CoJ—-i—l—,-i.
•*
100
1
••
-
*
—
16%%' A preferred—^..100 \
Messabi Iron CO——.i.—..1
•
•
Corp
#
,
Marion Steam Shovel—
*
>•
1
10
M
$2.25 preferred
'
-
•
>
32%
-
50
Abrasive
■:.! 7
11%
Co..—.—,——10
EupplJ"—
Refineries—.^—..1.4.—'.1
Midwest. Oil
Midwest
Piping &
Mid-West
Illinois Power Co common.
preferred
33%:713/4
—.
Dividend arrear ctfB—.
For footnotes
see
18%
page 805.
33%
X71%
18%
35%
73
19
«
-
;
2,000
1,000
"3,900
Miller Wohl Co common—i—
,.1
5%
conv
preferred....—
50
Mining Corp of Canada...—.—*
/
73
P
& L
5%
pfd-^—
100
•
Jan
Jan
33 ?:.? Jan
5
Jan
24%
•
Minnesota
Jan
36%' Jan
Midi ale Co common.—.—
B
Mid- West
conv
Jan
26%
*
Mapes Consolidated Mfg Co——
Marconi Internat Marine
,
* *
,>
Communication Co ,Ltd——£1
Hubbell (Harvey) Inc
B
Humble Oil & Refinln;
•
Hummel-Ross Fibre Corp
—-■
Hussmann Ligonler Co.————
5%
Jan
14%
V '■ ''0
B
;——
common
Com stk purch
•
•
Louisiana Power ft
-
Inc
•
Tl
Louisiana
—2.B6
Consolidated G
Stores
23
1
v.": V
common
Horn & Hardart common
6%
preferred
'■
-
Jan
30%
•
Optional warrants—
Mangel Stores common
,
(The B) Co—,
100
Honj, & Hardart Baking Co
Howard
21%
.—.10
A
Jan
Jan
Manischewitz
1
w
ft Co class A.
(Geo Al
Class
Jan
42:
McColl-Frontenp c Oil Co 6%
common
•
Heyden Chemical
Hormel
—...
Long Island Lighting Cp—
'
^ Common ctfs, of .depi—...
/ 7% preferred A ctfs of dep
r 6% preferred B ctfs of dep—
1
common
preferred
Henry Holt & Co
Co
3V»
Jan
Jan
Manati Sugar
—
Holophane
73
373/4
Locke Steel Chaia:^—
14% Jan
•
Class A
Horder's
•
—
Development
(R G) Inc
Lone Star Gas Corp common—
Jan
SB
Helena Rubinstein
Hollinger
Oil
Groceterias
Loblaw
■'i
Brewing Co
—J
Hat Corp of America B
non-vot com—1
Hazeltine Corp
—•
Hearn Dept Stores common—
I
Hecla Mining Co—
25e
(R)
preferred
preferred
—
Lipton (Thos J> Inc 6% preferred—25
Lit Brothers common
•
Harvard
Hoe
9%
&
Convertible
Lionel Corp
—10
voting trust ctfs
Co
Jan
.Jan
■*
Paper
Hartford Electric Light
Hartford Rayon
5%%
Jan
Jan
B
Hamilton
Heller
8%
11
19%
.1
Monotype Machine—5
Lynch
Hammermill
21%,«Jan
.—SB
Le Tourneau
1
.Line Material Co—,^..n....t,.,.,.,,,/ B
15% Jan
100
1
1
8
•
of Delaware
Wells Co common
Prior
Jan
140
Corp
Leonard
118% Feb
100
common—25e
Gulf State
iri
31
i
Jan
37 % Feb
J; 1,1,
*
■
n
Lanston
Jan
13 5/8
Grand Rapids
Non-voting common stock...
7%
1st preferred
Great Northern Paper—
■■■
Lelcourt
Jan
Jan
51
Tea—
/.
Langendorf United Bakeries class A—*
Class .B—
•;
Feb
50
—10
Lane
Jan
10
Pacific
Lamson
Jan
—•
—
,.
take Shore Mines
Lakey Foundry ft Machine
Jan
105
—.•
common
&
243/4
9
...
Great Atlantic
Jan
68
*
class A
■.
Jan
Jan
40
*
preferred
Gorham
:
1
Mfg Co
Inc
-
25% Feb
*
$4.50 prior preferredGoldfield Consolidated
Goodman
B^neger Brewing Co.
Jan
30
2JO
Gobel (Adolf) Inc common
Godchaux Sugars class A
Class
B
Gorham
Jan
23
Harvester
1
Kobacker Stores new common—
Kresge Dept Stores—- ; •
'
4 % convertible: 1st preferred..^«~100
54 %
Co
Alden
Jan
6% Jan
43% Jan
Gladding McBean & Co——ju.—•
Gleaner
(I B)
111 /
*
•
Preferred
1
Co common
•
Rubber Co—..........10
Emil)
(D
115
-*
;—
Klein
Kleinert
108% Feb
•
$5 preferred
Gilbert (AC) common——
—5
Co
9% Jan
;
1
preferred
&
Kirkland Lake G M Co Ltd..
Feb
Jan
-16% Jan.
—•
com
Geoigia Power $6 preferred—
Gilchrist
109
1
stock
A
29 %
106
preferred—*
General
General
Feb
10% Feb
11% Feb
———,i»
General Fireproofing common
Outdoor Adv 6% pfd
General Plywood Corp
Oeneral
Feb
15%
...
5%
'
•
—
Kimberly-Clark Corp— 4%% preferred
100
Kings Co Lighting 7% pfd B-^-»100
5% preferred
100
King' Seeley Corp.^^—-i .t.v. Kingston Products.....■■■<.—.1
Kiiby petroleum
1
*
—
•
Ken-Rad Tube ft Lamp A
■*
common—
5%
,
Jl
Kennedy's '
Jan
:Jan
8%
Jan
107%
Feb
Jan
24% Jan
Jan
4%
Jeannette Glass Co——..
—1
25%
:
37% Jan
10%
Jan
28% Jan
19% Jan
38%
Feb
Feb
112
Jan
.5%
12%
Jan
97
99
Jan
19%
200,
116
28% Jan
23
38%
5%
38%
*
243/4
21%
:
■
Froedtert Grain ft Malt common
Jan
90
y
-I
1.2B
1
nintiiiing-
15%
20
11%
Stores
15% "Jan
..
97
24%
.
•
(Peter) Brewing
Jan
6,800
99
,30
,
Jan
15
Ford Motor of France—
Pox
7%
15
—
at
Amer dep rets bearer
Fort Pitt Brewing Co
5
98
—
,
,
,'
95%
59% „Jan
Class A con-voting
>; Class
Jan
109
Feb
v
dep rets ord
Ford Motor of Canada-*-
...
116
97
Feb
—1
Co_2l
It
Am
v
^.|;7%
32%
30
116
Jan
•
Metallurgical
Jan
—
"Jan
56•
22
32%
*.
•
.1
...
High
25
13% xl4
—
Engine ft Airplane...... —1
Brewing..
Low
1,250
15
*14
1
$2.50 conv pfd——
Range Since January I
14*
—
«,**■>
52
Jan
68
Falstaff
X30
—
•
Falrchlld Camera ft Inst Oo
-
Shares
High
29
Jan
•
far Week
.
Jan
6,900 v-»i4% Jan
.
of Prices
Feb
6 /a
50
;
Sales
Bant#
Sale Price
High
19%
j,
100.
1,400
,
54 A. 55 A
>'
--
:
142
,
,
g 111
..,
so
;
6,10ft
Week's.
L»«t
Low
»*;g^,,,»4S{
51/2 52
.150
..v,.''»*«*;.•---—^0 \% 51v2
i
'
:;>• Friday-
Range Since January 1.
300
11 /&... 11 /a
23
.23,
32%
X ffinX Watch c£I
Sflctt crcomii..-
Shares
:ffC^-low High^Zy
2d pfd A—*
Electric Power ft Light
Sales
v/,
for Week
of Prices
.-
24% Jan
13%
5.%
:39%
37%
Jan
Jan
Jan
Jan
3% Feb
32
Feb
13% Jan
3% Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
4463
Number
Volume 163.
803
NEW YORK CURB EXCHANGE
.
,
Week's
Friday
U4>
Curb Exchaaga
York
New
! *
Range
Shares
Low
Molybdenum CorpMonogram Pictures
>—
J
•
g 9%
5 tn c
5%
Jan
32%
12%
20%
Feb
7% Jan
18,200
5%
4 10%
Jan
4
12,700
198
13%
160
~9%
9%
.■"
5,100
10
J, Jan
9%
9%
202. •
0 22%
10%
v
.—5'
28%
Powdrell
Jan
27
«19%
16%
26%
18%
Jan
Jan
17
Jan
28%
Jan
Providence
N
-j—...
6%
43
43
National Breweries common
f?
preferred
7%
,
Jan
24%
Jan
600
•17%
Jan
19%
26
22%
Jan
26
Feb
14%'
N
Founders
N
1,700
13%
Jan
26,300
3%
Jan
11%
13%
15,800
7%
Jan
112
21% 24%
10
;■
«
21%
18
275
89%
90%
.90
130% 133
100
44
46%
49%
31%
8%
11%
23 1
Jan
Jan
81%
Feb
8%
Jan
54%
Feb
11% Jan
Jan
Jan
Feb
17%
Feb
350
57
Jan
64%
Jan
28
Jan'
30% Jan
18%
2,000
b "30
Jan
12%
102,900
123%
120
2,9M
116% 117%
1%
2%
13
22 %
24%
>
;-~5
100
5%
52
do'
.
-hy,
-
;
20
19%
•*.
600
"y
300
~
~6%
1,800
—
19%
104
—
Feb
12%
53
54%
1,450
45%
21%
51%
4,200
45
13
13%
3,800
:, 38%
V
'
35%
38%
t
55%
116% 117
Pierce
Packing
118
116%
Feb
110%
Governor
Pinchin
For
29
Jan
Jan
Jan
540%: Jan
107% Feb
20
113%
Jan
115%
Feb
-11%
Jan
14%
Jan
21,200
'
30%
65
Jan
28%
Jan
5 14
__i
13
Jan
" Jan,
20
Jan
Jan,
85
Jan
/
1,500
26%
Jan
34
Jan
10
61%
Jan
65
Jan
'Jan:-;
.
17,900*
8%
17%
19%
83%
83%
54
54%
V100
8 Vo
300
.:
150
/113%:
7%
;;
9
7%
"8%
,
<
•
1,400
■;. >
07
-on
0
50
50
50
4
$
18
18
18%
18%
19%
28 Va
29%
16%
900
19%
:16
;
52%
I
700
;v
83%
20
82
'"4,700
85%
058% X60 %
8%
7
■
7%
300 '
1,325
;
200
0
Jan
49%
48
17%
U. 14%
,
i
',
page 805.
6%
.
13%
,5%
11%
•
I
• 7
;iu
pq
75%
75:
...10
30%
28%
14,
Kff ■
_
4%
Feb
Jan
33'/a
Jan
700
;
37% Jan
39%
=
13%
45
6%
32,600
9
'
Jan
21% Jan
115
Jan
Jan
Jan
Jan
•
9%
>
Jan
Feb
86%
.
Jan
.62
'
Jan
24
Jan
28'/*: Jan
30%
1,100
30 '/a
Feb
37'/a
2,400
25%
Jan
30%
30
33 y4
33%
40%
40%
42%
.
3%'i..
3%
10%
11%
4
108% 109 ^
18
18%
109
15%
18,400
ioy8
32%
Jan
10%
10%
35%
38
Jan
25% Jan
Jan
<
26
Jan
.
5%
Jan
6%
Feb
9%
Jan
11%
Jan
Jan
Jan
20
35% Jan
19% Jan
40
Jan
19%
Jan
21
,
9%:
8%
6%
i6%
7%
„i
6%
Jan
22%
Jan
% 8'/a Jan
6'/a Jan
10y8
Feb
900
10%-
'
11,900
.'7%:,:
3,400
m
"
,
6
7,400
8
.Jan
;
-
50
Jan
:: Jan
2,950
11%
28,200
p%:
13,000
(D A)
50
;
Jan
7%
Feb
pfd
$6
Co
common
Service—
*
•
Lock & Hardware
Selberling Rubber common
—
Selby Shoe Co
Selected Industries Inc common—.
—
Inc—
Sentinel Radio Corp common
Sentry Safety Control
Berrick Corp class B
Seton Leather common
B)
—
Ltd
25%
25%
27%
1,800
—.—.—
originkl preferred————
Southern Pipe Line.
Southland
17%. Jan
30%
Jan
~6%
15%
Feb
Feb
Jan
12%
Jan
16%
Jan
9%
10%
12,800
8%
Jan
19%
Jan
21
400
151
900
130
Jan
:
25% Jan
10% Jan H
21
Feb
151
Jan
110%
*
Feb
rill % /Jan/.,
27% Jan
23
22
22
23%
Jan
20
4,575
48
•
"7%
■:
"7%
~6%
350 / 355
.100
v.
6%
5,700
7%
Jan
Feb
i
Jan
374
Jan
350
110
.
Jan
t ,' Jan
J
7%
■JB1
#*<*»
—
61%,,22%
13,900
17%
13%
15%
5,000
11%
5%
6%
37,400
5 •;•
13%
13%
'
32%
„10
33%
48
49
31%
32%
y
! :l
31%
31%
:
Jan :
31'/a
Jan ;
33'/a
44
Jah'
49
31'/4
Jan
32%
Feb
30'/sf Jan
.10
Stahl-Meyer
Inc.—————
Standard Brewing Co————.2.78,
-1
90
200
700
31%
Jan
150
y8
13%
400
11%
13%
16%
1r
5,900
1,400
13
"
ll7/s
"13
Jan
15%.
3:
11%
8%
16
3%
3
:
:
1,400
8,000
14,400
42
Jan
Convertible preferred-
——10
Feb
47.
Jan
Standard Dredging Corp
common——.1
"8%
Jan
76%
Feb
v
24%
Jan
$1.60 convertible preferred—-—20
Standard Oil (Ky)—-——.—10
25%
41%
8
'
Jan
16
Jan
18'/a
Jan
92
91/* Jan
12
7'/a
Jan
16
'
2%
Jan
37
Jan
;
8%
27
25
25%
300
2,600
Jan
F*b
Feb
43'/a Jan
j
44'% Jan
8%
Feb
6.
~
:
Jan
24%
6,300
:
Jan
Jan
r
3%
Jan
35%
1,150
43%
26%
13% Feb
11%
3,000
43
39
Jan
14% Jan
;
'
'
39%
Feb
"Jan
150
Jan
75
n%
62
;
56%
900
•V|/.450v
31%
31%
14'A Jan
10'A Jan
Jan
Jan
9
"
^25'/^''^
-25
22% Feb
'"15% Jan
6% Feb
'
900
61
Jan ;
Jan
12'/a Jan
1,800
59
Jan
*
9%'
14
Jan
i-f't;r t --•
.'
6%
9-;
7%
7% Jan
400
7%
7%
—
22%
73%
:. 32% Feb
5%
Jan
'II*
Co————0
Spalding (A G) St Bros pfd—
80
Spencer Shoe Corp
"
f-
Jan
9%
13
V14%; Jan
4
Jan
20%
Feb
:'•■ 10
14%
Royalty
Standard Cap St Seal common..—;
,-
Jan
Jan
29
; 10%
200
'
500
21% Jan
Jan
/
,100
preferred B——
—
.25
5%% preferred series C.——
Southern New England Telephone-. 100
-10
Southern Phosphate Co
Jan
Jan
2,500
4%
149
Feb
Feb
105%
■
16%
-25
——
: Jan
35
Feb
8% Jan
8,200
Feb
99%
Jan !
25%
1
6%
32%
12
:
7%
Jan
Jan
98
15%
1
common
20%
5,600
Jan
%
28
JZ1
Oil
,
Jan
13%
Pipe. Lino
Southern California Edison—
v
Jan
22
'
1
common
Southwest Pa
10% r
11%
4%
12
.—1
——
Corp.
Penn
10%
4%
10%
21
Co-'—
South Coast Corp
B%
III
"
Jan
fi 7
,26'/a Jan
650
Paper Mills——
Boss Manufacturing
?;
35
99%
125
Singer Manufacturing Co Ltd—
:
Amer dep rets ord regis
South
33
98%
convertible preferred.
Sonotone
;
34%:
99
Jan
9%
25%
Jan
5% Jan
3%
40,900
.-5
common—
(Howard)
~6% "7%
"6%
-1
Jan
Jan ::
21
18'/3
800
22
•
Jan
179
.i
27
,——5
Simplicity Pattern common
Singer Manufacturing Co
Smith
;
Feb
46'A Jan
113
Jan
15%
Simmons-Boardman Publications—
$3
19,200
V
150
6'/2 Jan
24
100
6%
21%
-J
Denn Mining
Breweries
Co
17%
1,800
8%
24%
6%
9%
Jan
3,400
:
Feb': y-V.
Feb '.?ft
50
Jan
162
250
20%
24%
•
..1
4% preferred—*.
Sherwin-Williams of Canada—
Silex
113'■;«
.
Jan
:
42% Jan;;
900
Jan
4'/*
Jan:
Jan
118
900
?:5
6%
-1
Shawinigrm Water & Power
Sherwin-Williams common
Slck's
Jan
Jan
'
100
Allotment certificates——
Shattuck
10%
9
Jan;i
-25
% Convertible stock
$5.50 prior'stock
Feb
Jan :
24'/*
Segal
(R
8%"
8%
-I
-1
t
20
20%
9%
6%
174%
170
171
Jan
3%
Vi7 ' hW :.' ^
——-—
preferred
Feb
8%
1,000
45
42%
33%
^ 11%
42%
150
139
•
—
Jan
Jan
58,300
9%
8%
25
Manufacturing
Elec
5
'.Jan
9
Jan
29%
10%
:
2,900
3,000
4%
50
45
8%
-1
-25
common
preferred-
Convertible
Semler
io%
4
common-—*-..,t.
Steel
8%
9%
9%
United Corp common
Co
:
8%
Oil Co
v
%
7%
6,500
31%
45
980
7.250
.
Jan
20'A
Feb
18
15%
50
«
Feb
109
105% Jan
20
35%
2,800
14%
.45
0 76%
13 y*
^ 4% Jan
2% Jan
loo.
8%
Jan
Jan
Jan
"
300
•
:
Jan
Jan
4%
Jan
8
Jan
34%
49
40% Feb
3% Jan
800
13,600
12,200
31,000
4»/e
13V4
3%
4
-
11%
Jang'
28% Feb:.
5%
Jan
8,400
30%
Aircraft
9
,
Jan
"■7% Jan
58
25%
20
Manufacturing Co—
55:54% Jan
Jan
Feb
r? i627% Jan
Jan
Jan
24%
.
32%
39'/a
55
:#■:
8%
Solar
Jan
4
...
Jan
31%,
m
Solar
84
<
-
Jan :
78% Jan
"'
■
<
17%' Jan >,
1,380
.100
-
113% 114%
$
2.50
t
38%
—io
28%
Jan
8%
,
.
39
1
Petroleum Co
50% Jan
Jan
8
18%
L__.'..;•.
3'%
;
1,200
33
24%
Jan
24
1,275
32%
31%
Jan
10%:;Jan
79
300
84
27%
-
10% Feh
45,800
11%
Jan
Jan
28
—
...;
43%
Jan
Feb
38%
12%
65
14%
105%
U%
28%
Jan
200
14%
82%
25
Jan
42
Jan
48%
•
see
16% Jan
22
Jan
12%
.25
commons
footnotes
Jan
18
m
Pittsburgh, St Lake Erie—
Pittsburgh Metallurgical—,
Jan
500
10%
.
011%,
•
Pitts Bess St L E RR
Jan
44%
240
>
115% 115%
«
Pioneer Gold Mines Ltd-.—
Piper Aircraft Corp mm
Pltney-Bowes Inc
:
.0
Jan
111%
Jan
18%
2,600
40%
106% 107%
106%
—1
Johnson Ltd Am ahu
118%
Jan
42
2,700
43%
40
'11%
pfd,
,21V* Jan
4%
•
32%
6%
Securities Corp General.
Seeman Bros Inc
Jan
—1
Co
4
4%.p
; V 8% Jan
1,650
11%
i
Jan«k
Feb
300
14%
42%
43
j
Electric Power 5%
•S
33,600
-
22
Scovill
Feb
114%
900
23%
13%
.14%
fy pfd——iOO
Pnillips
>an
24
22
Scranten Spring Brook Water
20
"
43%
22%
Pennsylvania Edison Co $5 series pfd-*
$2.80 series preferred
e
Phila
10%
10%
9%
23
1,800
Scranton
6
39
;
12%. Jan
-10
Philadelphia Co common
jJan
1,000
4,000
1,600
Jan
70
4
110% 111
43%
Pantepec Oil of Venezuela Am sh«„,
Pharis Tire St Rubber
Feb
18
6%
Jan
60
26%
„
Jan
175
Jan
25 y4
39
Jan
27
Pepperell Mfg Co new copimon
106
Jan
23%
-8
13%
15%
m
$1.30 1st preferred—
Page-Hersey Tubes new common—,
Pan American Airways warrants—
Perfect Circle Co..
Jan
167%
24 %
Schulte
Jan
*
100
.
103%
130
6
Bchiff
Jan
54%
34%. Jan
325
38%
38
114% 115
•
i
520
24
Savoy
Jan
Jan
3%
69,700
6
14%
Penn Water & Power Co
Jan
22
Samson
Jan
.12% Jan
800
39
4%
Service.
Penn Traffic Co—
Jan
18 :
175
10
Regis Paper common
Salt Dome Oil Co
Fib
110
Jan
25
Penn Gas St Eleo class A com.
Penn Power & Light 4'/a
Feb
22'/*
106
8t Lawrence Corf Ltd.
Class A $2 conv pref
Jan
104
Jan
47%
5%
28
Pennroad Corp common—
Penn-Dixle Cement warrants—
24'/a
Jan.
16
55
9%:jan
...
Jan
13%
•
Peninsular Telephone common..
$1.40 preferred A——
Jan
20
175
Ryerion & Haynet common—
Feb
52
108% Jail ■,&-
50%
22%
Mills.
23
Jan
55
;
Jan
54%
I
Plymouth
.15% Jan
Jan
18%,Jan
'Omar inc—---—.1
Patchogue
200
Jan
9%
Jan
8
—
4,500
.
class B common.
preferred
100
Ohio Public Service 7% 1st pfd—..ICO
6% 1st preferred
—100
Oklahoma Natural Gas common
15
Oliver United Filters B
•
Parkersburg Rig & Reel...
675
17%
25
Metal Works
Art
Ryan Aeronautical Co——
Ryan Consolidated Petroleum.
Feb
146'
50|%.. Jan;
.
'■
4
*
Parker Pen Co—.
.100
pfd T
Russeks Fifth Ave———.
Feb
Jan
35
v
.
49#fe Jan
38%
Corp..
300
21%
,;5% Feb
7% Jan
-u<~-
Ohio Power 4%%
Paramount Motors
.24%
24
Scullin
Public
Jan
—6
$6
Pacific
Jan
110%
109'/* Jan
'
140 'Jan
—
20
25
1
1st pfd
1st preferred
Lighting $5 preferred
Pacific Power & Light 1% pfd
112
105
106
$1.20 convertible preferred-
26% Feb
Jan
7,200
12%
U
n
19 YB
—50
pub Servfi* pfd—100
5Va %
150
St
North Penn RR Co
Pacific Gas & Elec 6%
Jan
Jan
•
Rotary Electric Steel Co
Royalite Oil Co Lta
Feb
y
106%
,3%, Jan
225
55
51%
„■
9,000
J
141%
52
•
Pacific
Jan
108%
-8
Root
Jan
3%
13
Jan
:
9
8'A
—
„
Pacific Can CO flnmmnw-
10%
Jan
Jtl
Ronson
Feb
116 .0
Jan,
18%
45,000
34%
33%
140
prior preferred
50
North American Utility Securities
•
Northern Central Texas Oil
5
Northeast Airlines -———————————1
Overseas Securities
Feb
Rome Cable Corp common
Feb
Jan
105
18,400,
26%
4%
•
Brass Co
Feb
106%
60
Ltd—
dep rets for ord reg
Am
Jan
12%
.1% Jan:
11 v.:
6%
Ohio
10
Jan
16%
Rolls Royce
Feb
123%
Jan
Jan
.17%. Jan
33%
Ogden Corp common
Jan
17%
St Pendleton Inc
Roeser
Jan
95
8% Jan
117
3.700
106% 106%
140
Northrop Aircraft Inc
Novadel-Agene ,Corp—*M..,
14%
21%
.100
Roosevelt Field Inc—
112
8.500
3%
12%
13
,pr8%
——
24%
111 <
109% Feb
85% Jan
430
92
11%
11%
120%
—
Power class A
900
100
Jan
Feb
3
Jan
10
:•■ 24
20%
.1
.10
Rochester Gas & Elec 4%
'
•v" JO
common—1
—
Feb
32
9%
17%
'
Noma,* Electridl—» —————1
Rayon class A_
49%
Jan
250
24%
91
92
—5
Northern Natural Gas
133%
Jan
7%
25
17%
109% 109%
23%
—
Northern States
94% Jan
0 31
: Jan:
30%
30%
109%
optional warrants—
lis
Niagara Share Corp class B com..
.100
4%% cohv pfdj—:
—*——
—•
Niles-Bement-Pond
1
Nineteen Hundred Corp B
Northern Indiana
Jan
,62%
60
.—I
common
Jan
72
300
17%
B
B
2%
16%
Jan
20%
61,200
3
109% 110 ,5;
HO
Railway St Light Securities : Voting
common--—
Railway St Utility Investment A
1
Rath Packing Co. common
—10
Raymond Concrete Pile common
—*
«3 convertible preferred
•
Raytheon Manufacturing common—50e
Reed Roller Bit Do————————
Reliance Electric St Engineering——-•
Rice Stlx Dry Goods—
•
Richfield Oil Corp. warrants—
Richmond Radiator——
1
Rio Grande Valley Gas Co v t 0—1
Jan
40
4,600
30%
..10
Class
19
12%
30% Jan
2,500
7%
7%
$3.10 pfd. .100
preferred
Jan
15
1,700
85
R
Jail
Jan
Jan
200
81%
v
61
Niagara Hudson power common—
6% 1st preferred——^-.—. .100
-5& 2d preferred—--—-*———. .100
North American
22
Feb
1,350
317.
80
31
■;
1
.
$6
2%
3 A
Jan
,
112
Radlo-Keith-Orpheum option warrant!.
Feb
Jan
128
180
11%
North Amer Light & Power
19%
.
Xl07% Xl07% X107%
Feb
24%
54% Feb
•
.80%
23
Mines
19
Feb
11%
t88%
-1,050
;
13%
12%
•
30
■
Niplssing
Feb
Jan
2% Jan
Feb
112
.19% Jan,
800
11%
4%
Jan
19
600
16%
^N Y^Water Serylcet 6^; pfd----^--. .100
Class
48
126,100.
7-15% Jan
Jan
108%
2,300
11%
shares.
44
19%
•:
■.
;
21%
Rosar'o———10
—————10
Y State Electric & Gas
'
4%
112
Merchandise
Y Shipbuilding Corp—
Y
500
3%
.100
Quaker Oats common.
6%
preferred——
Quebeo Power Co^-,
Jan
100
20
.
3%
13%
.
1,700
13%
T4%
L
19
26r
26
23%
18%
Omnibus warrants
Y City
Feb
2%
Jan
New Process Co common,..,.
N
Feb
14'/*
Jan
17%
17%
—
29'/a
Jan
28%
;i4% Jan
11%
Arizona Land
N Y & Honduras
.
21%- Jan
9,300
N Y Auction Co common—
N
40
,
2,600
18%
•
zinc—
New Mexico &
Jan
26%
«
New Idea Inc common
Jan.
14'/* Feb!
Feb
16% .16%
—•
—100
England Power Associates
6%
preferred—
<2 preferred
New England Tel & Tel
New Haven Clock Co
1st preferred—.—
a—
Puget Sound Power St Light—
7%
.
Pyrene Manufacturing.
25
20%
New
22%
100
16 V*
Puget Sound Pulp St Timber.
Pyle-National Co ec
16%
,
(Herman) Corp
; .2,200.
14%
10
Feb
Jan
,
Jan
29%
2%
.100
Jan
;V;
22
100
8
Neptune Meter class A—
Nestle Le Mur Co class A
42
10%
Gas.
43
Jan
25%
•
—
Nebraska Power 1% preferred
£
America—
4 28%
6%
Jan
5%
.
32%
common———-8 %
50c
National Fuel Gas..—.
--•
National Mfg & Stores common—.—1
National Rubber Machinery
-•
National Steel Car Ltd
*
National Transit—.
12.50
National Tunnel & Mines common
1
National Union Radio———.——30o
National Candy Co
New Jersey
23%
.
Jan
.V.
National City Lines common
Nelson
300
..
-6% >; 24,400
'43'Sr, 1"
10
6%
8 %
47. '.-5 48
,•
27%
,
.
.-1
10,900
82
$5 prior preferred——
.27
■
National Bellas Hess common
Jan
10%
3%
1st preferred———
6%
;
y
Naehman Corp
Jan
27%
Publio Service of Colorado—
Jan
,
High
7%
Feb
6% Jan
23
;, 9%
27 v
.
48
Corp of Nevada——.
Prosperity Co class B
19% Jan
15 %
of
75
.100
-i.
Producers
Jan
500
17
Metals
1,100
14%
Premier Gold Mining—--.
Prentice-Hall Ino common—.
Pressed
23
—*
——
Pratt St Lambert Co.
Feb
1,250
27%
19
17
Muskogee CO common..
^ '
,31%
148%
500
27%
19%
Co_
Muskegon Piston Ring-.
of Canada1st preferred—1
>6%
10% Jan
28% Jan
144%' Jan
,250
31%
Alexander^
St
Power Corp
5% Feb
7 . Jan
.9
10%
■
Low
7%
23%
7%
.250
Jan
Jan
7%
23% :'■.•■
Jan
50
.-i
Range Since January 1
High
Low
-10
'
31 :
Shares
Polaris Mining Co
Jan
Jan
'4
4,300
10%
Sot Week
Pleasant Valley Wine Co—
Pneumatic Scale common--^.*.
Jan
-Jan
Jan
9%
;'5,'5% g 25,100
;-~5%
14
,
tpO%.::Janr;
47 ' ;;
5o
10
5%
Jan
197
550
21%
21%
Jan
S 11%
>" 1,900 I
198 '200
;
21%
Sale*
Range
of Prices
Far
Jan
Jan
15
f
Producers--———
Mountain States "Power common--—-*
Mountain States Tel & Tel——
100
Murray Ohio Mfg
'20-
11,800
3%-.10%
12%
Moody Investors partlc pfd
.
rMorris Plan: Corp of America———10c
Mountain
20%
High
•
■
common——
l
Monroe Loan Society A—^
*
Montana Dakota: Utilities new com—-5
Montgomery Ward A
—
—*
Montreal Light Heat & Power—-——
Mountain City Copper common
Low
"10
*
20
Week's
la«$
Friday
'
New York Curb Exchange
Range Since January 1
*
31
19
•
Missouri Public Service common
High
31
.
Sale Price
for Week
••
'
Par
FEBRUARY 8
STOCKS
of Prices
Sale Price
®A3VGE FOR WEEK ENDING
.
Sales
,
Jan
27
Feb
24%
Jan
26
Jan
,
,
THE COMMERCIAL & FINANCIAL CHRONICLE
804
NEW YORK CURB
RANGE
•
Week's
Friday
lltdKiL ;Vl 11 Range
;.v'X
Curb Exchange
STOCKS
York
New
Low
Par
WEEK
EXCHANGE!
ENDING
Sales
FEBRUARY
New
Shares
Range Si:
High
"
'
8
'
'
Friday
tilbond S Iff.:.
11
for Week
of Prices
Sale Trice
FOR
Monday, February 11, 1946
York
Low
*
Interest
Exchange
Curb
:January 1
Week's Range
or Friday's
Last
Sale Price
Period
Bonds
Bid & Asked
High
Low
Range Since
Sold
January 1
'
JVo.
High
Standard
fower
«
—
•
B_
Common class
'
•
ff>'.''-Lff• * V"w'i>'
1
Co———
Jan
7
Jan
148
Jan
i\ 160
21
Jan
70
1,100
8%
9»A
4,100
2%s
Jan
23%
6%
Jan
Jan
Appalachian
lO'/a
11% -115,100
7%
Jan
11%
Feb
76
Iff 70
72%
Jan
76
Feb
29
Jan
38
Feb
38
28
29
ff
•;;
Writing
Elec
Elec
& T
Atlantic
City
1,000
24
29
1.800
13
30%
Jan
9%
2,300
8
Feb
9%
Feb
1st
7%
8%
13,600
7
Jan
874
Jan
5s
12%
5,500
12
Jan
14%
Jan
Bethlehem
1,700
20%
Jan
Feb
Bickford's Inc.
3.400
3%
Jan
Jan
Boston
.,
V'" 27%
14
25
23
24%
..
/
'
3%
3%
,
3%
38
36%
361;
.37%
40
.
3 8'A
36
(S) & Co common—
—*
-1
Machinery—
Inc—
Cement,
Portland
Superior
42
Jan
Jan
25
314
700
32
Jan
44
^
.
30%
Jan
38%
Jan
vJan
Telephone
M
5s
30%
975
34%
'■
15% 1
100
15'%
Power
dep
Ainer
~9%
~9%
1,600
21
71 22%
23,500
A-0
115
1151
115
J-D
107 3 4
107
107%
42
40
16
1
••
iff .'•'sff
Tri-Continental
ref
Gen
X:
Feb
71%
Jan
9%
.
490
ioo
10
108
115
115
170
:
9%
Co_!..___..4—
AU
'
43%
45'%
8,900
3%
2,000
5%
23,700
•
•
89%
43 Va
•
—nil
;
12%
16
/
Corp
'1
Manufacturing
Union
Gas
of
108% .108%
$108
109
107% 107 Va
1
Union
Investment
Union
Stk
..
United
corp
Co..
United
•
'V"
Bank—
Finland Residential Mtge
stamped
$3
.
Milk
Feb
14%
II
M-8
u-s
'i
;
ii i
20
Jan
j
.
.JO
—
Jan
.
Mountain
Power
Illinois
Uuaea
Prolit
113%
92
106%
111%
;.'i"
!■/,
8%
X'
s
II'-
25%
S
'.
'
U
S
U
•
.
Graphite
S
and
$5
1st
U
2%
2%
38%
18%
Jan
30
31'%
■
4
52
^
100
~L
':
4
1-
8'A
284
'•—
"
Kansas
,T&n
4'A
900
12'A
12%
^h'1150
12 lA
82%
1,000
Jan
78%
25
3'A
Jan
4%
-
Jan
Wallpaper, Inc
Utah-Iaano
Utah
•
Jan
&
1,700
20 %
Jan
23
7,500
18
Jan
*27%
Jan
11%
6%
1,000
16'A
Jan
3%
;
6'A
94
7,200
95%
16
17
is
i
•
!
17%
Jan
7%
u, *+t>
Jan
89%
Jan
95%
Jan
17
2,300
7%
28
4%
Jan
41
43%
2,900 1
6%
6%
9
Jan
100
'
'
1
5%'
24 'A
/
5%
$4
convertiole
Venezuelan
preferred.—,
fl
Petroleum
N
Jan
21*
Manufacturing
Y
Cdii•111.1
Aircraft
-/Iff-'
WagDcr asking voting.trust ctfs
1%
St
Class
Ward
Bond
*
"•
iqo
class
A_.
J.-
•
~~~9
B
warrants—2ZI—1-2.
Baking Co
Wayne
'
ext
preferred
Waitt
Knitting
Wentworth
West
Texas
West
Va
8
Manufacturing
Utility »o
200
100
&
450
125%1
11 ."//
10
,10,200
18 Ve
18%
Jan
Feb
1.35
—
Westmoreland Coal
(Wm
Wichita River
Williams
WiJison
(R
&
l_xo
Wr iipeg
Elec
Corp
&
io
Co
12
Inc
—Hl-%
B
common
Portland
javenne
i
Hi
Co..
Oil
Ct
Products
in
Wbodall Industries Inc_
2
Wooutey
American
6%
deposit
9%
13,000
23'A
23'A
200
'■£H '
34
"*
7
/
1;
6%
22
36 1
2d0
7%
1,500
6%
3.800
61%
10%
V
6
523i
Jari
mtge
Service
K(»
For
ruren vdc
footnotes
1,700
-
•
14%
7
1
45
Feb
:>39
•
8%
,,s
6,100
Lexington
-
3%s
43,
24%
18%
24%
ii
44
24%
;
19
26
22 «/4
22%
24
29 3a
Service
6%
/
j-d
7
M
85
1
'4.-^
'
4*
'''
•
46%
106
108
,107 Va
104% 106%
100%
8 -7
100%
103%
—
'i:
85
106%
^
ff 1
ff, 81 71 87 ff
2
104% 106
iffy,!
\.i-
«*•
7
__
107% 107%
107%
104
107%
106%
10871
107%
108ff
rff-.
...l
•/
..
■
107% 113
60
'
t 101
104%
4','
•
107% 107% ?
*105
,1
107% 1107% 110%
Iff 61 1
11--1;1
101
103
105%
106%
"5
102%
*105% 106
j-d
j-d
1;
106% 107
168"
167
106 »A
107'/a
106
M-8
Scullin Steel inc
Caiitorma
Edison
California
Gas
43
Jan
Southern
Counties
Feb
/
18
Jan •''/.a 24%
Jan
ff 19
Feb
Southern
Ry 2%s.—
..1971
1994
Jan
Jan
Southwestern Gas St Elec 3%a
.-two
8'
-
101%
iff
1
168
1 106
108
!
*101% 102 '1
Iff- V
1952
"1 •2!11'5%:
'
5 v
Jan
/
>1-.:?
1-55
24%
Jan
21 %
Jani
Jan
18
14
10%
400
16%
17
500
•
&
6s 3
Pwr
mtge
ii
:v
ffffffff i;
(A G)
Standard
Gas
29%
Feb
16%
:
Spalding
Jan
Jan
Jan
11%
Jan
Jan"
17%
Jan
;
6»
•
./
-
5s
St
6s
■
104
1
169
167
105%
,
6s
-
'
11%
Jan
15'A
Jan
■v141/4
Jan
16%
Feb
~6
Feb
'
6r
eold
,
4%
Jan
'A
debentures
Power
&
Light
AStarrett Corp inc 6s
Stinnes (Hugo) Corp—
A7-4s 3d stamped.
*100%
•—
107
108%
125
i
—/i
99%
100%
108%
27
107 %
108%
106% 106 %
--4
105%
106'%
108
.
125
—
•
102
*101
108 %
A-O
J-J
j
*103
104%
A-0
•
•—■/
,P_
104% 105
;
100% 101
F- A
J-D
104
;101V8101%
101%
F-A
103%
A-0
92%
104
104 %
-
103%
103
103
F-A
-
104
/
101% 102%
A-O
.-'i3
111
V
105
101%
103
43
100%
101'A
67'
101
102
41
103%
104%
103
58
i 103%
103
104
78
94
,
6s.
-
1957
j—1950
.—
1940
,
,
J-J
103% 103%
«•••
90
-
94
"
108 X 110%
108% 108%
*108% 110
M-N
May 1948
May 1948
1951
Dec 1 1960
1957
106
109'% 110%
110 %
F-A
—
6s__
*125% 126
:
J-J
1939
!
9!-.? .107%
—
.
stamped
:Debenture
(Calif)
M-S
Electric—
(stamped)
Conv
Debenture
•
Gas
—
Indiana
Jan
8%
500
1951
3s-
3'As
107% 108
J-D
A-O
1963
1970 y
mtge 3s
3s_^
22%
Jan
1,100
1951
6s
Estate
29
:
%
16
Real
■
Jan
24.;
4%s
Water
Joaquin Lt
ASchulte
£i
;1,
108
Southern
Harbor
Standard
805/
-
—W
103% 104%
+
J-D
Soutneru
40
107.600
"'"-ii
a-0
1952 / '
Jan
1,000
6 %
v
1979
X 5 %s series A__.
Jaft
3.350
5'/a
1
ffiff.'-ll
M-N
certificates
Queens Borough Gas & Electric—
perpetual
37
15'A
14
:
M-N
Jersey—
New
of
..150
14%
16%
102%
107%
2
104% 105%
jvy-s
1964 %
1949 ff:
.Sinking fund deb 4s
Public
Ban
10Va
133a
106%
48
21
*106% 108%
■■
j-j
Jan
200
,
106%
.
Feb
-hi
900
.
//
j-j
1959
of Colorado—
;/1 1st mtge 3%s_
Jan
;
'.iff:V %-'lffff
M-N
1950
4%s B
(Can)
Corp
Jan
250
4JOO-
103% 105%?
101%
1
10
107% 108
F-A ; 7:
\T-iD;. y (
13 VaoJan
34
/ 71175
■
V**!
*1 /;*»• ""*1
46%
48%
■;
a-0
1972-
Power 5%s
Portland Gas «te Coke Co—
Safe
300
,
24
1; 1.1
—
Feb
140%: Jan
1/
105
101
103% 104%
*106%
11,
101
99
108 % 108%
--
103%
'
*102% 103
j-j
-1970
-
Elec
Jan
-
;v
35
:
yffH :j r
102
'
1st mtge 3s_& Pwr 4%s_——1977
'.ill 40%
<
"
-■-At'
34
16%
«
Lt
Central
',3f'? 613/4
8%t Jan
"
103%
*
Af-N
r-a ii i'
1955
1964
5s—.—
Light
St
Power
Philadelphia
Jan
7>
'
liv 1
'
100%
fir.vly i' <•'
1st 5s
—
1979 y
Pennsylvania Water & Power 3%s_1964
Jan
Jan
vtfan
io3%;
a-0
P
Jan
Jan
6 y
49
5,500
15%
B«
'
page
100
100%
*108%—
100%
ff '
f-a
Jan
114
V
•
98%
f-a
Jan
23%
-
1-1 j
98% 100%
1962
4s
39'A
10.
"""%
f
see
1968
1971
3s__._—
Public
Ohio
van
9%
Jan
.114 .1 Jan
34 X
Feb
Li,/
—
receipts
preference
ITr-trHt
2111]*
•
Cement
Petroleum
Woolworth (F W) Ltd
3%sl—;
mtge
Public Service Co
113
20
Inc..—
Wevenberg Shoe Mfg
Whitman
1st
Power
Power
L.
g
—
Western Maryland Ry 1%
1st pfd—100
Western Tablet &
Stationery com
•
Westmoreland
Lt.g 4s
iff! 5s stamped extended
17I/
•
76
j-j
//list
(Jan
12%
'liff
;4
'
22
*5%s series A (part paid)——1948
Ohio
Feb
lava
1
99% 100%
«««.
Feb
145
~
preferred—
Coke..
1954
A9HV1
Jan
Jan
115
IOV
99 Va 100%
a-0
;
13%
112%
1
115
100%
AT-N
5%
7.900
107%
107%
.
Penn
12% 11
72%
107
106%
100
M-N
Jan
104
70%
1
j-d
24%
Jan
24
9
*103
ly48
Gas 3%S—
103% 106%
72
115
111
1961
--—
&
Westchester
&
106%
V'.v ff v\'i Ti
107% 107%
r
j-j
'
Coal
5%s
Elec
State
Y
110
105%
1
'
;
«...
309
M-S
Feb
N
M-S
1'lv-
'■
106% 106%
107%
106 V*
j-j
—2004 1
North Continental Utility Corp—
r
Wato
;
;
19*8
—-———1950
Power 3%s
Power Assn 5s
England
72
•
j-d
'.'
3
-
^
\
7%
Jan-
.
« *#•
*102%
-.
M-8
43 %
.
.
Vogt
VU
Ill
.106% 100%
.r-
■
11ffl
1^ vff'
1
109% 109%
A-O
23 7A
Feb
1,300 ' 1'" 4
•
.L-
-.......
L
106% 107
.
ff.-ff'
.1
*115% 118
■
— —
F-A
Gas
5s
Debenture
Jaan
*
104
12 Va
L20
'
j-j
1948
1
f
10
*104% 108
M-S
28
Jan
>
5,000
deb
England
Park
t
1
106% 106%
J-J
Oklahoma Power Si Water 5s——-.1948
103
common.
97%
53
./111
-1963
i,
-
Conv
Pacific
Tilettr Corp
102%
97%
J-D
5s-——1948
Eng Gas & El Assn 5s
1947
Ner
Jan
12%
Jan
23'A
18,600
Jan
36
150
23%
7%
*;
^ISaT^/Janff
25* '
7'A,
23'A
5
:
5%
Jan
7,300
28
!
101
%
106%
M-8
1969
Gas Light 4 % s—-
Amsterdam
New
'/'./I'/
-'I:
:■
6%
12
$5.50 priority stock
105%
105%:
52
97
2022
Light 3%s
"*"1
-
5s
Feb
23%:
common.—
St
Power
*.«'/
-
New
Feb
13%
'
New
Jan
650
5-%
11 %
—————.—ft
Light
/:
231,
•
103%
105
102%
>
3,200
2
—
Utility Equities common
,/:■
ff
103% 105%
103 %
1963
6s—
1961
Nebraska Power 4%s^.-i—-i———1981
6s series A————2022,
Jan
23%
10
———————10
Co
/
-500
—
Oil
105%
103% 103%
-
Pow® 3%s—.——1966
Electric
Milwaukee
Jan
47%
;
22%
21 Ve
%
—* y
common--
Hiigar
Power
75
*
—
105
—
Superpowei
Midland Valley RR—
Extended at 4%
to
Jan
21%
U
—
Produces
75
105
1941 coupon).
—1952
5s
—,——1957
I—-—1952
McCord Corp 6s stamped
Jan
12%
Feb
16%
I
preferred with warrants
Universal
74
1957
Feb,
•
84
Jan
•
-
.284'
46% Jan
'i
—1
-
Radiator common.—-—-—I
S Rubber Reclaiming
•
Insurance
102%
—1952
F__——,
Kansas Gas & Electric 6s-—
Jan
9
Jan.
■
81%
-
S
Universal
108%
105%
v
9
"i
11
Securities
Consolidated
107%
—
1955
coup)
coupon)
Kentucky Utilities 4s————1970
9
ff
-
1941
1
1941
Jersey Cent Pow is Lt 3%s———1965
Kansas
....
common..
Stores
—
107% 107%
Jan
28
28
-
Universal
1
101%
*103.
Jan
17%
10
B
United
92
105% 105%
-
Power
Altallan
Jan
163„
■-
i'.
common
United
90
105%
noi%
*60
i-
j ff'1
-
Debenture ' 6s_
.
U
2
C-—^^-«-^-~.-1955'
(July
Interstate
fr£
25c
International
49%
108% 108%
—
E—j—~ 1957
(Aug
A7s
Jan
1 30 1 Jan
common.
-
class
128 %
L
St
(Dec
series
A7s
Jan
38 /
-21
-
Co
128%
105 % 105%
A———Jan 1949
Jan 1949
Co—
P
series
A7s
Feb
;
.
37%
v
100
;
>_
Sharing.
Specialties
Foil
8%
63
29%
,
U
Jan
100
.
Canal-
Preferred
United
92
*61-
-:
Set vice
Ab%s
A 7s
•
/Vff;'
Machinery
3
1069a 107
V
1963
3%
Pow
S"':A(>hs; series
Jan
Jan
Jan
preferred
preferred
Shoe
106%
3%s———1970
llnternational Power Sec—
5%
-
'
10%
39%
105%
_
5%s series B—
ref
&
Indianapolis
13 %
y
• •'-
-
United Molasses Co Ltd—
X- Amer dep rets ord regis
United
81%
11
128% 128%
/
-1957 ...
5s———--—1950 -•_
1st lien & ref 5s
,——1963 ;;v
1st
Indiana
Iff/ mm
'
11%
—7
Products._*
NJ RR &
■i
M
4
/
•
■
United
1v:/
J
'
::
vl/34'.-l
-
.
1
—
•>.
1156 ff 1/72
80
81%
47% 48%
W 1057» 106%
80%
47%
M-S
A——
3%a
Hygrade Food 6s ser
6s series B
Jan
17%
Jan
Jan
T%
common-.
participating
107%
125
Feb
11%
200
.
•
United Light & Railways
United
107%
123
■
/'
——1961
———
Power
Gatineau
Feb
15%
1
-
common
Corp
106%
105
I/"-/;"
' f
J-J
Feb
52
500
warrants.-
Gas
107%
6
1
4%
30
2,800
100
-
Products
United Elastic Corp.:
105%
•1107%; ,108%
.
*123% 12C
—
Grocery Store Prod 6s
1953
Guantanamo Si West 6s--—----—1958
Iff :"5%.
16%
——•
Yds of Omaha
Aircraft
1
106%
RR—
Jan
Feb
13'A
10
Co_^
Canada.
Chemicals
,
v 1 105 ■:;/
17
/v;i. ii-
: ■
A-0
——1954
mtge 4%s—.
Green
/iff: 9%;
12%
10c
Unexcelled
Lrmt'etl
91%
•
Feb
Jan
.12%
.
ff/16-
U
1':
United
80%
.
105% 106%
1106% 106%
'
Jan
Jan
3%
30
Udylite -Corp———————I
"**
217
91%
■
106
~
19«9 "
AGeneral Rayon Co 6s ser A——1948
Grand Trunk West 4s
——-1950
Jan
Jan
,28
-I; ; ffff i .ll;-'.
Realization
1 107%
.
—
Ulen
115
105
18
'
■
J-J
110%
Jan
,6%:
J-D
118%
1
Jan
:ii4 /
17,900
46 »A
5%
warrants^.^..^.
Tung-Sol Lamp Works
80c
convertible preferred
1
.
113
91
! /235-1 11821' '7 93 v
90% 923i
,;1
1/ i:i69i.i
67
83
69%
69%
66%
':M
104% 1; 104% 105% ffj
104% 106
10
103% 104
1!
103%
11 1, : 071,:
103% 104%
A-O
116'/a
Jan
.
4%/
Iff 411
Jan
Jan '
•
118%
4% 1
119%
—
J-D
..
Feb
•
110%
118
'
Lackavyanna of N J Division—
1st mtge 4s ser A_——r-1993
1st mtge 4s ser B————1993
Eastern Gas & Fuel 3%s
1965
Elmira Water Lt « KR oa
—195b
Jan
109
8%
109%
'"-2 i*r
11
•'
,
Feb
115 1
4%
(Bait City)—
Delaware Lackawanna & Western
'f"'? 14% Feb
:M
3
Feb
:
•11 38
110%
118
11'''--1
Inc.-.
■Iffffl"
1
'
Jan
19%
109
Corp
Transwestern Oil
Trunz
108 .1
(Baltj—
Jan
-43
...
M-8
F-A
A-O
N--u.i—------^-3 971
mtge 3s ser P
-:!969
mtge 2% a ser Q—J——1976
Jan'
1
21%
7%
8%
ff
■
i
Jan
Jan
14%
/
2%
115
——
Lux
1
ilf-S
5t—————1969
Consolidated Gas
15s
Shipyards Corp.,
IHIoo
Edison 6%
preferred
100
7%
preferred..
j4«.—
———I
Tonopah Mining of Nevada
110
1 118
v.''
-
90%
M-S
series
ref
Jan
15%{ Jan
Toledo
f
J-J
(part paid)_1927
10%
69
.
'■
.
5s——-1948
—- .1954
24
8%
dep recs def reg———•
•
Jan
28%
6,400
■:
regis
Amer
Todd
27'A
19 Ya
-.
Inc.i
—————1'
Tishman Realty & ConsUuctlon——1
Tobacco & Allied Stocks-———-—*
Tobacco Product Exports————*
Tobacco Security Trust Co Ltd-1rets ord
Jan
121
common———5
Shovfcl- Co
25%'
21%
50o
-
Roofing
' :
—1962
2%s—-————-1970
6%s
El Lt Si Pr
Gas
3 %s
/ 1st
'
10%
37
1.000
"9%
Oil & Land Co-——————2
Textron Inc
1 3 5'A
100
Dfd
Light 1%
&
Texas
Texon
107%
Q-F
«,
bu—
——-Jan i960
5s—1950
,5s—----1958
deb
Consol
19%'ff 11,000
9%
34
1110
19f)8
6s
Service
Conv
1
26'A
—•*
105
'
^w-
1" Debenture
'
common—
104
103%
•H'
AT-N
Steel
Edison
1st
Technicolor Inc
101%
23
r.
'
J-D
8 A Chicago Rys 5s ctfs
Feb
34%
Taqipa .Electric. Co commons—
124
135
'
--
•
1957
E
Aft %F
Jan
1.5%
l9'%yi:
*
123
1960
Debenture
.
Canada—
of
series
C
series
Cities
29'A
15%
Taggart Corp common—-
111%
123
*108
——1964
8 A Central States Electric
28
£ Cf.-&'•'«*{;*
Trans
102% 103%
104% 104'%
123
106%
104%
109%
,10
;:
-
'
Jan
42
2,100
29%
Finch Oil Corp————
Thew
103 %
104%
105%
7
106%
102
Jan
600
Beil
T
Tilo
109% 110
195S
5%s A
105
3
Feb
28'A
8
109%
102%
•6
-v
2024
1953
4%s
Elec 3V4S
12%
*
—®
102% 104%
102
2
106% 106%
3%B——1970
Pow
deb
T
Assoc
7%
*
6s
Appalachian Pow deb 6s
Associated
100
Paper
'
*104 »4 105%
1970
-1961
oebs
Amer
751.:1
vl'l '/ 38
f
f deos—
Feb
9"%
■1.
1960
s
8
3%s
4%
1
102 /. 102
.^.1950
f debs
s
3%s
Jan./-.
'
1% Jan
;;
High
AmericanGas Ss"Electric Co.—
8'A
-J
Ray Drug Co———
Bwau
3%
yy.:
,
Sullivan
Sun
/:
107,700
27%
*
Co common
(Hugoi Corp
—
'•
500
22 ,
4'A
29 '
1
(J B)
Stroock
Jan
3%
ff
Inc
tttinnes
67/8
U
1
Stores common
Stetson
Jan
9 VI
.
Aluminum Products—-———*
Sterling
3%
76
Cs
Sterling Brewers Inc
Sterling Engine
1
149 I. Iff 7
149
•'
32,300
4 'A '
'P
& Co common
■terchi Bros
Sterling
5%
121%
1
Steel Co of Canada
(A)
6
5%
z-
1
Products Co
i
Standard Sliver Lead
3tandard Tube class B——•--standard
Stein
5%
? 5%
7'115%77:,
1
Low
;
■
33
21
*
Volume
Number 4463
163
f.
THE COMMERCIAL & FINANCIAL
r
•
'
.
*'
*
'
*
NEW
;
,
'
•
'
'
'
;
'
'
'
'
CHRONICLE
YORK; CURB EXCHANGE
RANGE
FOR
WEEK
ENDING
FEBRUARY
i
Week'* Rang*
or Friday's
Friday
BONDS
York
Curb
Interest
Exchange
Last
Period
New
Sale Price
Low
Btinnes
'r
(Hugo)
Electric
N
*
J
J-J
i«B«
4s_
'107
v
& cons 5%s_——
United Light ti Railways
6s
series
(Maine)
Utah Power
series
income
Penn
West
108
109%
1.
J-D
6%s .stamped
1952
(Peru) 6 %s stamped-1958
74;
■
81
109
108%
I960
J-D
J123%
/—
122
v
7s
g§|Sl
104% 105
F-A
IA York
v.; LfoiVa
104%
Mortgage Bank
95
90%
94
3-J
3-D
100
99
Va
M-S
t22%.
.
York
New
Curb
Exchange
Interest
100 ya
1927)
Last
Sate Price
Period^
Bonds
Friday's
or
Range Since
Sold
Bid & Asked
-Low
22%
c
35,.:
50%
of
M-N
50%
f50
1947
A-O
150
1931
J-D
123%
5s_.—1972
6s
n«nm»rk
J
i'"
-V
1
^ ^^
-
■
f' 07
S
•
Z
'
30
20%
23%
J-D
93%
96
M-S
37%
37 %•
37
38
sale,
137
ABonds
High
d Ex-Interest,
'
10%
14%
103b
14
sales being
no
Odd-lot sale,
e
n
Under-the-rule
transacted during current week.
salt.
.'
7
being traded flat.,;,
{Reported in receivership,
Agricultural Mortgage Baqk (Col)—
A 20-year
7s—
April 1946
:
13%
13%
"
,
„
39
11%:
11%
Deferred delivery sale,
a
Ex-dividend.
x
'
1
IFriday's bid and asked prices;
January 1
Low
No.
High
32
21%
33%
1947
1927)
•No par value,
t Cash
Week's Range
i
28
■
24-
1951
Rio de Janeiro stamped (Plan A) v 7 V
Interest reduced to 2%———2012
ARussiau Government 6Va8—1919
;
A5%S
—:
1921
Foreign Governments & Municipalities
Friday
32
31
—
'
stamped (Plan A)
Interest reduced to 2%s_——.2008
106 Va
;
99%
BOND
High
94
91%
——
Zv v.-
Low
189
Parana
%
3-D
Rys Co 5s stpd.
AStamped 6s .Zw—
January 1
.
96
.—2008
stampep—
AMortgage Bank of Chile
Western
Newspaper Union-*
•
'i6s conv s t debentures..—>.—.1959
No.
■
J94
—
"
Interest reduced to 2%s
(issue of May
A7s (issue of Oct.
108
$108%
•
'
107%
;
.108% 103%
A-O
F-A
>
Range Since
Sold
Mortgage Rank of Bogota—
116
114%
26
79
78
M-S
——-2030
5s
External
AMedellin
'
1954
5s
Traction
A
A7s
1964
—
1953
5s
M-N
Maranhao:stamped (Plan A)
■
115
115
1955
Danzig Port & Waterways—
;
M-N
Bonds
Friday's
or
Bid & Asked
105%
.108%
;
Extended
110
105 %
V,
firsts
108% 108 Va
108%
F-A
2022
A
debs
Electric
Penn
1
Light Co--
6s
Wash Water Power 3%s
West
;
107%
5%s
ALima City
■:
Last
Sale Price
X"i v,;',-'-'tow-High;
■<
;
—
Waldorf-Astoria Hotel—
A5s
106
.
105'/a
*,
1952
&
Debenture
3:
V/.
48
42%
9
Week's Range
Interest
High
'
? 105 %
A-O
1959
A
107
109% 109%
J-D
1949
United vLlghfc.'&Zpower/.UO'-ZZvZvZZZ
ZZ 1st lien
Low
,,
;; V:,-U
42%
42%
A-0
Friday
Exchange
Period
-
____1940
Curb
January 1
Danish
Industries—
A7-4s 2nd stamped
Toledo Edison 3%i>.
United
1
No.
High
York
Range Since
Sold
Bid & Asked
BONDS
New
Bonds
v
8
,
/
-.
.
v:':::
?Ex liquidating cash dividend of $22.50, plus stock distribution.
V
' '
1
Abbreviations used above-—"coa," Cehificates pf aeposit;
"cons," consolidated; "cum," cumula¬
"conv," convertible; "M," mortgage; "n-v," non-voting stock;
"vto," voting trust certificates;
.
A
20-year 7s——.
—Jan 1947
(see Mortgage Bank of)
ACauca Valley 7s.i.«——
1946
Bogota
tive;
"wl," when issued;
with warrants; "x w," without warrants^
'
'
•:
.v
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK ENDING FEBRUARY
Baltimore Stock Exchange
Friday
Week's
Last
fTOCKt
Par
1
Shares
5%
323A
25
Jan
85
5
Jan
172
172%
$€64ZZ 168
•
34
,y
Jan
>
Jan
-
Feb
172%
'
Fidelity
&
Guar
Finance Co
of
Fire
Corp
—.—10
class A
Amer
57%
**3.50
Mt
;.
58-
15'A
common_5
Maryland & Pa RR
15 %v-
350
Vernon-Woodbury Mills—
■
20
New common
6.75%
20%
prior pfd—
cum
20%
'
•'
56%
z./87>; Z
;
!,40
.
.14
.
JanZv
Jan
•5%
238
16%
170
'
100,%
'
Narragansett
New
Amsterdam
North
U S
Co.—
National
54
:
50%
—50;
Bank-...—
70c
10
.
525
43
54
43
.
17
National
,
Jan
Works
Rac'g
Service
New England
102% .Jan
Feb
25 '•
47
.
48
Jan
Jan
z
37
-j
;>
58%
Feb
47
Jan
•
.100
18%
Jan
19
245
il%
Jan
13%
Feb
53%
v
19
13%
55%
215
50
Jan
56%
Jan
4
Jan
—
,
4
..
331/9
•,»
,
V
'
34
76%-
77%4
Z.
4
85
32%
33..
71;'.; i Jan
77%
Feb
Jan
23
Jan
Jan
25%
Jan
li'rf J a it
v
100
17
Z-i.
—T*,
Assn
1%
Jan.
Inc.—
.*...
Cos—
Feb
4
Jan V
Gas & Elec Assn—
Feb
34%
Jan
■if''
'-V
■
■
5% %
preferred
New England Tel & Tei
103 % 105
130% 133
—
North
Jan
Mining
J
.—
..Jan-
.
128
Old Colony RR——,
Butte
..7.6
.
Jan
75c
r,
133%
<
Jan
3
.
105
2 %
J an
Feb
Jan
Feb
5%
Jan
Jan
90C
•
High
Jan
Jan
•
46-
12%
■
■
.
-.4'
....*
—
Feb
Jan
924
Nash-Kelvinator
vvi:;v>Z
21
Feb
47%
.
•
35%
70c
42%
57..
;
115
50
7i-
/
—20
54
37
70o;
36%
-i'fy
—..25c
Fidelity & Gua.rZ-ri-.-Z^ ^
Western
,
Oil
36%
——30
Casualty^.,—
American
.....1
Low
58%
19
/
54
Jan
Jan
47
-
19
13 ya
100
Range Since January 1;
High,
22%
Alkali
Feb
47
...100
Mass Util Associates v t c_
15%
Jan
Feb-
Low
-25.
—
common—^
.Mergenthaler Linotype
,>;Z. /Z.'-''';',*
National Marine Bank..—
Shares
pfd-i—50,
—--—
58
Z
if
21
Rw
preferred
-4.00
v;
3.50 Jan
>'V'5 ♦'vw V;
100% 100%.
'i
76
V; ,VV
3.50.
for Week
55%
6%
Theatres-
Maine central
Mathioson
Fidelity & Deposit Co
Sales
Range
of Prices
——
Loews Boston
28% Jan
6 :
Jan
30% Jan Z:
323
33%
'
Copper
Corp (Del)
Lamson
High
.;;.
590
•
5%
Kennecott
Range Since January 1
Low
26%.27%.
....
Week's
Last
Par
High
Low
Arundel Corporation ————-a—.——,*
Bait Transit Co common vtc.——
Preferred f t C——
100
33
Friday
Sale Price
STOCKS—
f
.
Range
ot Prices
.'.Sale Price
<
Sales
for Week
8'?if
Feb
Jan
43
Pacific Mills
Bond«—
Reece
Baltimore Transit Co 4s.
79
•«.
Hole
Button
——.
Mach——i
80%
47%
47%
Feb
5%
RR:—
80%
46 %
—
Pennsylvania
Qpincy Mining Co'
6%
6%
Feb
2%
2%
Feb
series
17% Jan
Rutland
RR 7% pfd—
—1——:
Shawmut Association v—————
A—
19
19%;
19%
Feb
stone
5s
21%
22%
23'A
Jan
&
Webster
Inc
lr%
—
Suburban Elec Securities $4 2nd pfd.
115
Torrington Co
Union
*
Week's
Friday
Last
Range
Sale Price
STOCKS—
of Prices
For
■
.*
Low
-American Agrl Chem Co com——.*
American Sugar Refining
—100
American
Tei
American
Woolen
Anaconda
Copper
K.
1"
«r
Tel——.luu
Bird
Son
&
Boston &
Boston
Inc..
pfd
boston
47 %
150
•
23%
l.100
23%
145
..........25 }>
Maine
tu
260
2,402
:
.
—100
195%
56%
51 %
148%
Jab
23%
Jan
24
82
41%
42
48%
S Smelting Ref &
Waldorf System Inc
325
Jan
65%
Jan
74>/8
Jan
com--—
Min
77%
83%
71%
Jan
83%
Feb
'.43%
^
v*'*-*°°i,%l'
' '•*
'
-
20
Aetna
Ball
pfd stamped.—_100
21%
Allied
Laboratories
1st
pfd
20%
Allis Chalmers Mfg CO——
—
American Public Service pfd-.-
Boston
.—100
^—100
„
\
As
Hecla-.
Shares
.100
Service
!_
—.—16
Trust—
Athey Products capital—
12% Feb
12%
6%
Barlow
Feb
Feb
Relden
Mfe
Bendix
Aviation
'
Fuel
Street
Ry
common
series
A
14%
13%
'. -V
'
103
Lines
Inc
—_100
First
Public
•
—100
common-
*
...ZZ*
Z
Service
1
\
32
»
Economy
Grocery Stores
Employers Group Assoc
Ii5v"'%>;
"99
100
103 ► ■
73'-:: 74%
.
1'
"**
100
.—100
preferred class B—
pfd adjustment—
Engineers
Gillette
Stores
—.
Corp__:
Electric
;
-
Safety Razor Co
•
71
Jan
Jan
Class
Isle
103
»
Feb
6%
33
6%
6%
112% 115
123
i 127
79%
Jan
'Pa
,•
Feb
Binks
Jan
115
115
v
-4. Jan
30%
Bakeries
B
Royale
For
130
5%
v
7,
45
Bliss
Jan
14% Feb
24% Feb
Feb
56% Jan
70
.27
■ ■
Jan
;
•
-
7V2
7%
16
3,400
•
ZZZi
ZZ.*
.ZZZZ*-
597/^
Braeh & Sons
127
Feb
• Jan,
35
Jan
;
31
class
see
•
;
~2% "■
—Z-ZZZ15': Z 4%'"':
Copper
footnotes
A
1
...
page
813,
•
W)
—
(E J)
22%
21
Feb
25
.Tan
29%
25
Jan
29%
Feb
Bruce Co
40%
Jan
46
Feb
Burd
33%
Jan
39%
Feb
54%
Jan
64%
-
250
•
•
* •'v
■
56 Va
300
15%
17.%
23»%
26
2,050
2,150
35 V4
35.V,
35%
18%
—1 i:
18
1-
V
26%-
55%
£3%
tel
24
55%
5
common-—- .——.5
2,700
•
'"K '?'$■.
34% Jan
23%
Jan
57% Jan
14% Jan;
14% Jan
20%
Jan
Jan-
'C z''"V
26% Jan
Jan
Jan
53
53
*''
21% Jan
37
Jan
19% Jan
'
Feb
8% Jan
14% Feb
-
„
'17% Feb
27% Jan
35% Feb
300
30%
Jan
Jan "'V
15%
Jan
'l'9';.'
43%
3,250
-150
33Va
50
-
>
Feb
,
Ck
Corp
capital..——
Brown Fence & Wire
46
class A—
10'<*
»tSlei
Feb
43
Jan
;>9Ha;;jan
30%
Jan
33% Feb
ps'a
Jan
11%
Feb
64 %
48.18
48 18
capital
36%
26%
10 ri;
;
_
(George
593'a
' —•
Corp
35%
200
21
ZZ'M'Vi
,
19*
Jan
•>/**»' £•; •'
Feb
7
'•
7% Jan
9% Jan
950
14%
20 %
'■
15%
Jan
5 Vis
Feb
133
Feb
12%
13 Va
'
—5
Jan
Jan
15Ve
common..;iZ
Corp
&<Laughlin Inc
Borg
37%" ' 39%
''
Co
Feb
45
21%
V^
Co
Mfg
common
Feb
13 %
10%
.13%
3
High '
.
19%
20% Jap
53
■
6,800
-
19
18
19
,
4
Jan
16,160
1,350
15%
14%
,
■
20
550
;
54133
734
cftmmon—.
conshion
——1
Brewing
29%
22
;
Seelig: class A
Jan
107
34%
&
Bergbort
'
48.181
50%
51%
30%
32%
-
47.40
Jan
Common
12%
2%
'3%
12%
2%
4%
48.18
Feb
—
—
(EL) common-.
Ring common.^.—
—1
Burton-Dixie Corp
L——12%
Castle & Co
(A M)
46%
Jan'
51%
Feb
Central
Illinois
Jan
32%
Feb
Central
111
i1
;£rV,
3
Jan
14
4 Jan
2%
Jan
:
Jan
4%
Feb
Pub
Secur
Convertible
V: -Jan
1%
10
Prior
hen
Preferred
Serv
Corp
common
preferred
$6
pfd
common
preferred
Central S W Util
•
common..
„—
43
Jan
45 Va
Jan
250
10%
Jan
16%
Jan
24
700
22%
Jan
27% Jan
■
300
25%.
Jan
32
700
33%
'—' \
•
30%
40Va
—10
*
1
110
'
12
• h 12ie
•
196
41%
S:
109% 110%
;
Jfv 4% £<'
•
50c
Jan
150
15
25
—
Brothers
700
11 :,;
43
15
•
11%'
44
iv(
.5
Piston
22%
■
Hathaway
15
11%
1,000
Z
24%
,
Jan
tfi-s- ;v
Butler
National
General Capital
General
133
Bastian-Blessmg ceo
preferred
SS
100
common
Jan
—
>! 5%
Washer
21%
17%
500
14%
13%
;
53
—I—
"
Aviation Corp iDelawsre).........
3
—.25
—
Eastern
14%
.i8
common
343'a
A
Mass
13%
24%
common
:4i^—-ii-ir.^' 1 p
vi
1st
12 Ve
300
Jan
Associates—
4l/2% prior preferred
..100
64> preferred
1.
100
Eastern
Co
Mfg Co
37.91
Copper; Range. Co—
6%
&
13 Ve
»
.
17% Jan
2,TOO
1,35(1
0
Armour
1
Mining Co—
Eastern Gas
common—.—
24%'"
19
i ;
Asbestos
7
20
common—
60 !
Trusts—«—L-*
Automatic
Calumet
Cliff
preferred
Prop
Providence RR—i—
Century
Cities
1st
————
Bearing
19%
18%
5
1st
19%
—
Low
.
19%
—
-
Range Since January !
High
1
■
■
Advanced Alum Castings
C
D
Feb
Jan
Jan
Sales
Shares
Low-
par
z'z'
•'
Adams (J D) Mfg common—
Admiral Corp common^^..wVi-A.
B
Personal
20%
52
39%
Jan
Jan
for Week
of Prices
...,tSale Price
i
class
class
49%
34!«
Range
Jan
class
Stamped
Jan
:
50%
39%:
Week's
Friday
82% Jan
Jan
1%
10%
.18
20%
0
38%;
50
Q%
Boston
19%
———
Electric Corp——.1
Jan
-Z
stamped——100
..
Feb
49%
80% -Jan
40
150
'
83
Jan
,47%
70 %
(S D).Co—....—
Westmghouse
10 %
preierred—iou
6% preferred stamped..
.—.100
5% class A 1st preferred100
Stamped ——:
—.100
prior
Z 46% Jan
68%
Feb
160
•
,
Feb
Jan
83%
•
Jan
/ 145
78%- Jan
Feb
136
Jan
44% Jan
47 *
-
118
Jan
Jan
47
—
U
Warren
83 V,
3Q%
.
Jan
Feb
Jan
308
2,207
RR—
Common stamped .—.i—.i.
Jan*
10
81
Feb
30%
359
82
Jan
58%
187%
24
-
45%
Jan
' 43%
150
47
High
Jan
50%
804
142% 145-
47%
41%
--
;
81.%
Feb
47 ;
Jan r
25%* Jan
110%
——
preferred
U S Rubber
247
50
48 %; 51 %
Elevated Ry—.i*.—..100
Herald Traveler Corp——»
Boston
Low
130
100
;
Albany RR
Range Since January 1
Htgn
44%
48%
Edison
Boston
.
1941/#
Z 6 (fo
Shares
57%
58%
194 Va 195%
43%
50
Bigelow-Sanford Carpet 64
Bales
for Week
,
.38 Ve
30%
112% 114%
United Shoe Mach common——.
Feb
43% Jan
47
.
30%
Feb
115
43%
45
—
United Drug Inc—
United Fruit Co-*,.'-—uu
2%
115.-
'
42%
Drill
Twist
2%
:■
250
5%
1,100
4%
25
25
12%
12
.
115
187
<
,150
1,600
Jan
108 W Jan
4'%
21
Jan
'
Jah
10%°: J»n
Jan
41%
5%
25
.
!3%
121
210
115
Feb
121
196
l,4GO
184
Jan
196
Feb
Jan
113
'
Feb
Feb
Jan
Feb
Feb
06
FINANCIAL CHRONICLE
&
THE COMMERCIAL
.
Monday, February 11, 1946
OTHER STOCK EXCHANGES
RANGE
Week's
Last
STOCKS—
Range
of Prices
Shares
;
States
Burrelt Corp
Cherry
Corp common
Convertible preferred
unicugo
21%
-1 .> 10%
r
i.
Towel
Chicago
Co
Service
Cities
;
pfd
conv
Co
Co
•
com
wi
Co
—.———25
Cudahy Packing Co—
4%% cumulative pfd
Jan
> 28
•i
115
Jan
Wisconsin
Jah
Woodall
.
Indust
iWrigley
Feb
25%
22%
Jan
20
Jan
Jan
25
Jan
33%
Jan
100-;
11
—
\
120
11
Unlisted
Jan
42%
Jan
Atch
9
,
>
Feb
11%
Jan
101
Jan
(Alf) & Cohn Inc common-x-10
Co
&
Deere
Diamond
common—
Car
Motor
T
Dodge Mfg Corp common—
Doehler-Jarvis Corp
—
—
Top
&
Steel
Electric Household Util
;,
common
General
Iron
1
Co
Corp
47%
Feb
Nash-Kelvlnator
Feb
New
>28%
Jan
29 aA
Feb
Paramount Pictures Inc
5%
7%
Jan
Pullman
30
48%
21%
Jan
28%
Feb
875
58 Va
2,200
27 %>, 28 % ;;
12
500
413%
400
19%
1.900
51%
1,600
19
Jan
Jan
17%
Jan
Feb
v
52%
Jan
61
Feb
Jan
/11
81%
Feb
.Jan
12V4
Feb
40
Jan
42 %
Jan
18
.Tan
20
Jan
43^8
Jan
94%
Jan
106 .A" Jan
Jan
,
12%
4,900,.
73/4
Jan
51%
900
46 3/4
Jan
51%
Feb
400
13% Jan
20 Va
Feb
'41%
41%
Jan
'& -24%
25
/"/' 32%
/
69
//
•
100
41% Feb
22%
Jan
>,
323A
Jan
22%
500
58 3A
100
64%
25%"' Jan
,
>:&'>353:
70%
Jan
67
*
Jan
,
23%
Feb
>v?/44>-
800
...
70%
67
'A:,' 12 Va
1,100
34%
(The) common——.
Feb
110
20%
—•
capital
51%
Jan
50%
8
RR
104
•19%
*
Corp
Incorporated
Feb
Jan
106
80%
300
m 10%
:
•>;
1
n;4oo
—
813A
'.
Martin (Glenn L) Co common J———l
Jan
33
28
37
Jan
Jan
"
..
•
32%
Jan
Jan
■
common—.—.—.*
Feb
•
Jan
39%
16'A
19'A
Jan
York Central
:
52
;.
17
49
1
Electric
Jan;
5
104 %
200
•
-
Feb
15
Corp
Corp
47%
61
Jan
130
40%
—
50
73/a
61
33
1,200
r
11'%
■
•
com
28%
Jan V
Jan
com.*—100
>30%
6%
.
Ry
Curtiss-Wrlght
Pure Oil Co
—_*
(The)
Paper Corp
Eddy
Fe
29 3A
29
■
Santa
200
33-
35%
/ 2,000
17
*81%
V
200
313/4
30%
29
26%
Jan
813A
»
1,350
300
30%
1
23
150
26%
47%
47%
-A;
32%
—i—•
5
Inc class A
Industries
Domestic
*
2
—
common—
26%
,
Feb
//'XV' '•••■>::X'x/.'
39%
Interlake
Decker
Stocks—
American Radiator & 8t San
Anaconda Copper Mining
30
>
51
600
'
37 Va
,18%
16%
;
•
.
>-
106
■
18
High
100
39
37
18%
LOW
51%
'
s
capital-
Jan
Jan
•
.16%
«
■
Corp common-**
3%
100
Range Since January 1
High
383/4
106
"
•
Jai\
:
101
;
•
>:>37%":
•
com
Machine
low
._
common
2%
200
>383A
preferred
•
2,850
:
>f51 %
■:X-
Jan
353/4
400
11,200
Zenith Radio
> Jan
9
Shares
«...
(Wmi-Jr.Co capital.*...
Bethlehem
(new)——_100
prior
Bankshares
Yates-American
Jan
7%
350
for Week
____**__*.—„—
/'"Cumulative
Jan
Feb
34%
r
•
J,
Jan
Common
48%
-.117
Jan
C4 CO
200
3%
Sales
Range
Par
32
>'>!.
Jan
40%
\
20
42 %
Week's
of Prices
Union
l—100
Telegraph common
Westinghouse Elec Si Mfg—
Jan
65
Jan
2"%
common—:—12%
Lighting Inc
Curtis
59
130
>
Western
Jan
10%
>
850
55Q
41%
,x._
Jan
Vvi«'
//
$
Jan
'
Vvl.',
Friday
Sale Price
STOCKS—
21%
Jan
8%
7,900
3%
—r-—
—
common
20
30,700
10 Va
16 V2
24
22
.
i."" High
Jan
34
24
23
33%
24
v 375'
V"'^^'
9
> 8%
-
■
23
33%
25
1
Consolidated Biscuit common
Rights
"•—
15%
100
21%
117
117
33% 34%
__
5
Inc——-—i
Commonwealth Edison common
Crane
10'A
f
>
(The)-Co
Coleman
•.:
10
•,
Aluminum Uten
Club
4
—•
common
8
Last
Low
15% .1
-• > 64Va
64',
64%
•' v;:w_ V;;;.., 29.>• 29 i-;
* ^ 48
44% 48%
—
Chicago Flexible Shaft common
i
?
5
class A pfd
Mfg
Elec
Chicago
15%
V. 21 %
•
common
FEBRUARY
v.
High
Low
Par
Lt pfd
&
Pr
ENDING
Range Since January 1
''
Central
WEEK
for Week
Sale Price
;
,
FOR
Sales
Friday
1
1,800
„
67
Jan
Feb
Feb
21% Jan
,
23% Jan
Simons
Fitz
Dock
Co
Dredge
Connell
&
of
v"
"4
1
com———.-5
5
common—;
1
A——i
General Candy class
28%
Corp
Finance
common-———•
(H W)
Co
Great Lakes D & D common—
Werner
Hibb
Spencer
common
—5
Hupp Motors common (new)———1
Hubbell
Harvey Inc common—
Brick
Illinois
'
Central RR
Co
*
> 39%
Indianapolis Power & Light com——S
Indiana Steel Prod common
1
Warrants
5
Fireman
Iron
Mfg Co vtc
'
—
16 %
Jan
64
300
•
>
22
15%
9%
32
850
900
68%
Jan
>-19-''>
Jan
C'?/
.;
La
:■
preferred
Salle
Leath
Ext
Univ
Co
&
79%
preferred
143A
700
21%
Jan
24
24
1,450
22%
Jan
25%
Lincoln
Printing .Co
Lindsay
Light & Chemical
300
Jan
24% %/1,500
19%
Jan
243/4
Feb
22 Vs
16%
Jan
23%
Jan
58 V2
22'A
27Va
200
55%
Jan
60
20
Jan
22%
200
Jan
33%
;
STOCK8—
Feb
8%
Jan
97A
600
18%
42 %
450
18
Jan
20%
443/8
33
Jan
30%
Feb
*
.
■;
16%
%
34V2
31 .
13
550
;200
■
8
,
;'
Feb
Jan
35
Feb
31
"fi
Dredging
Consol
Mapes
—*•
com
capital
Mfg
Field
Marshall
Co
0
;
Prod
Corp
capital
&
Hart
Inc
com
Minneapolis
Co
Brewing
Chemical
Monroe
Co
Ward
Montgomery
9
common
Co
Cooker
National
Pressure
Standard
American
North
Northwest
Nor
;—
.
Jan
13%
Jan
13
V Jan
14%
18%
43
Feb/. :•>
43
Feb
>40
46
Feb
Jan
21
Jan.
20%
Jan
6,600
5%
Jan
700
14%
Jan
17
Jan
6,600
X
300
73/4
78%
253/4
18%
Feb
36
-
6%
Jan
.72%
Jan
79%. Jan
10.
32 V4
Jan
35
2
Jan
52
•48%
Jan
50
20
common.
21%
Feb
Feb
■
r
■
•
Corp
Bancorp
•
preferred
14
•
common
common
28
'
Oklahoma
Omnibus
Ontario
Parker
Gas
&
Elec
Mfg
Co
Co
Pen
7%
Penn
Elec
Switch
16%
Jan
Jan
32
Feb
Jan
179
Jan
156
Jan1
Perfect
class
Circle
Co
Pressed
(The)
•
Jan
16%
Feb
10%
107/s
10
23%
46%
47%
50 i?
50
*
:
;
Feb
Jan
9%
48
900
28%
l
28%
100
104% 105%
33
Jan
7%
;
11%
Electrio
Schwitzer
Sears
Co
Cummins
Procter
:
&
l
1
x43%
11%
Co 'compion—„_*
18%
Berrick Corp
Sinclair Oil
Spiegel
common
—1—'
Corp
Bend
South
class B
Steel Strap
Signode
A
Lathe
Inc
Works
•
capital
8
2
common
St Louis Nat Stockyards capital
Standard
Dredge
preferred
*.
50
1
f
Class
B
capital
26% Jan
Stewart-Warner
Corp
U
S
Preferred
37.
;
—
Western
Bank
Ice
St
.28
General
•.
Pure Oil LL—
Timken
'
28%
Texas
Co
capital
(The) common
United
Light
20% Jan
19% 'Jan > W- 203A Jan
American Tel
20
36 Va
37
31%
City Ice & Fuel—
Jan
12%
Jan.:
Akron Brass Mfg
813,
Jan '
23%
21%
Jan
43%
42
»
37%
Feb
25
6
:;
Jan
Jan
.>>' 25 'A Jan
45
Jan
>
Jan.;
Jan
49%
Jan
6
Jan
51%
Feb
XX 7:'X' Feb
118% Jan
118%
Jan
28%
Jan
34%
Jan
11% Jan
10
9
-
9%
68% :
Jan
Jan
Jan
11
64%
Jan
70%
Jan
250%
Jan
250%
Jan
29%
Jan
29% /
8%
6%
37
32%
42
_
Jan
30
8%
Jan
37
Jan
Feb
Feb
52
32% Jan
50
Jan
12
<
:
Jan
36%
27% Jan
36%
Feb
55
28%
Jan
32%
Feb
343/a
156
27%
Jan
34%
93A
Jan
646
13%
445
79%
235
74
Jan
..
225
A 22
> Jan
22%
23%
48 3A
65
>
'•::14"\
80'
♦
Feb
Jan
Jan
r
233A
Jan
151
.
;
,
,
433/8
Jan
48%
Feb
10
63%
Jan
65%
Jan
"...
Jan '<■
Exchange
Week's
Sales
Last
Range
for Week
of Prices
Shares
-
Low
8 %
8%
——*—50o
—
Corp
Coach
> 28
'
"
Jan
Feb
Clark
&
Body
Tel-*-—.
Range Since January 1
High
425
8%
Elec
>
111
*
*
4%%
pfd
17'A
al94 Va a 195
—
8 Va
8%
Jan
5%
;
8 3/4
200
Jan
Jan
a31
101
195
Jan
28%
Jan
27%
Jan
98
Jan
f/ •,r.
13
319
...
Jan
18
216
.
A 8% Jan
Jan
187%
a32%
100
17
"252
•,
a31
^
235
'
a32
10
f
preferred-
a8
17%
17%
.
Feb
;
Feb
102%
•>
Jan
33
32
Jan
%
alll% alllVa
—!— ■
•:■; X 5
111%
113%
Jan
50
57%
Jan
643A
Jan
1,697
26%
Jan
34%
Feb
180
24
Feb
26
Feb
177
43
Jan
48
Feb
10
64
Jan
> /V- 71
v—90
17
Jan
50
10%
Jan
14%
Feb
357
46%
Jan
51%
Feb
■
Jan
"
'
Feb
44% Jan
9%
Feb
24%
Xr
100
i>
a7%
Xu.-.-
*
Controller
Cleveland Cliffs Iron
Cleveland
-1
5
s
&
Cleve
Graphite Bronze
Cliffs
Jan
Corp common—
Commercial
Bookbinding
a65% a657/a
1
(Un)
5
*
*
•
33%
24
26
34%
26
Feb
Consolidated
21
Jan
Jan
Eaton
9
20%
21%
20%
Jan
22
Jan
Erie
40%
41
37%. Jan
41
61
Jan
30
Natural
a46% a47%
15
Gas-
Feb
Jan'
•
>
.
Jan
,,
'
Allegheny
,>'(•' 24
Manufacturing
RR
1
(Un)_
58 %
r
53 "A
59
300
57%
28%
—
„
29Va %•
350
25% Jan
53
54
200
51%
Feb
>=>.
—
•
.,
108 % 108%
v
.
100
103
Jan
54%
Jan
Jan
1093A
Jan
Goodrich
Goodyear Tire & Rubbar
Gray Drug Stores——
29%
29%
200
263/4
Jan
34%
Jan
95
971%
700
79%
Jan
97%
Feb
General
(B
&
--
1
1
10
—
Rubber
(.-■•
a22
'
■•.
t'-'j
;
a22'/a
al4Va al4%
503/4
-•
Motors
Tire
a69% a697/a
4
—;
—
Co.
—,
(Un)_.
General Electric (Un)
General
P2ge
Jan
44% Jan
47%
>
Par
American
23%
•
see
•-55>
13%
11%
Sale Price
STOCKS—
*
•
24%
U S Steel common
For footnotes
Jan
55
'
45.
Jan/
24%
capital—
1-
Feb
325/a
Friday
19%
Jan
.6
&-Rys
61
51
9
Cleveland Stock
Jan
8%
208 South La Salle Street Corp com—•
Union Carbide & Carbon
Jan
Jan
123A
A 473A
Jan
Jan
8%
25
-
Feb
98
£;37>:ixJa»V
29%
57
65
i
Jan
33%
v
Gabriel
Corp
Trane
5 80% Jan
78
-
♦
Feb
105%
303/4
,
12%
22%
»
Bearing.
24%
23%
>
35%
79%
...
Roller
Jan
;> 9%
J
.10
Motors
Jan
23%
Jan
33 Va
22
8%
10
24%
32 Va
36%
•
Fuel
> Columbia Gas
25
capital
>20% Jan
Unlisted-
36
1
Storkline Fur Corp common.
Jan
>>
13%' 13%
—
45
40%
Bundstrand Machine Tool common
Swift & Co
Feb
12%
34%
51
.
'
22%
417/8
5
100%
>7
»
Printing.*—
42%
11%
41%
common.
Jan
Jan
-
12
9Va Feb
Jan >
10
Sterling Brewers Inc common—
Jan
44
Jan
Jan
Feb
^ j-;.i^
Jan
v
44; 100
49%
37
29
8%
"
12%
29%
*„
30 Va
28
16
44.
9
Rapid.-
Jan
77/a
Jan
250% 250%
—i
.32
26%
~8%
15
Feb
Jan
23%
20
5
Jan
Feb
Jan>
42
42
•
Common
Standard Oil of Ind
36 Va
13% Jan
51
67%
Randall class A—
33'A
12
94%
55
.
9%
—.
18%
:
17
Jan
Jan
47%
102%
>
Jan
Jan
61,
34%
——A.
22
22%
*
14
13
r-
-
37
,7
——
Gamble
8%. preferred
i;
19%
capital.*
Jan
> 91%
'
30
Roebuck & Co capital.*
Feb
73
98
x
.48%
.
32%
•
common
6%
•
Jan
24%
Jan
'■
9 J/a
Jan
118% 118%
—
j
Sangamo
36
,
gtd—
% Standard Brands
Jan ;
v
42'/a
500
8%
•
10
21
84
23
500
1,200
V
Jan
Jati
'
1
common
Jan
17% Jan
77
2,400
24%
50
Quaker Oats Co common
Rath Packing common
130
/>■
18
8
A—
Jan
5%
Jan
!.■4Q
•
——
Miami
American Rolling Mill-
com
13%
23%
95
.
——•
City Service:
50
'
~
v> 23%
.
Feb
common
Steel Car
10
u.
Feb
81%
Jan
100% 100%
12%
12 %
12
12 3/4
"
Potter
•
5L
27
81%
51 Va
12%
580
16-
55
Jan
127%
capital
(The) Co——,
•V
:X
preferred
Jan
♦
17
60
11
—10
16
Jan
'
Jan
6
RR
—
x.
National Pumps
Preferred
23% 'Jan
Jan
-
pfd——100
common
22% Feb
Jan
245
94%
:'XX;/-44
—-*
I
-
23%
common..,—x.
(The)
Peabody Coal Co class B
Pennsylvania
\
Insulation
2%
Corp common.
Jan
48%
130
>
13.
-.
16
,Vs
——.
__1
common
17%
10
'
City
Mfg
Feb
x
'
163A
94
> 13
—•
Art
Lunkenheimer
Feb
135
100
v—
16%
94V# >
15
Jan
171%
—„100
6%
-—
1st
Little
Feb
73/4
-f.:
500
600
A;
J*.
Leonard
Feb
9% Feb
16% Jan
-.
''"/>• 6 %
—;
Kroger
*22% Jan
40
lit
Kahn
>
Jan
a; 400
::
16% X
18 V*
7%
Jan
133/4
Hobart "A"—
Feb
16%
:
Yards—
—;
Daniel
St
Gibson
Jan
19
■
13%
Feb
Jan
'■>< 15
225
/
Jan
3
13%
*
Stock
Tissue—-
Formica
Feb
14%
;
„•
50
trl%/J*Jii:-
50
15%
50
Telephone
——
.Early
22%
51%
6%
46 V4
80
15%
5
23% Jan
43% Jan
1,030
ih 51 Va
-
High
21% Jan
105
'
**
Crank
Union
Drug
Eagle-Plcher
Feb
11%
•iiit
low
20
15
22%
—**
—
Dow
Jan
10
Nunn Bush Shoe common
Oak
24%
49%
3,700
77%
■—
common
West Util prior lien pfd
7%
Jan
.—/.i—_*—i
& Michigan gtd—**—*——*
Preferred, ——.
—
—*
.t
Feb
10%
100
9%
.
,
Jan
>; 14%.
Dayton
Jan
'Jan
Jan
55Q
..
.Crystal
•
-7%
5
•
—
8
Cincinnati
•
Illinois
Northern
X; 17
X:
1
Range Since January 1
XrT/>X>:
;
233A
433/4 '44V*
5
4%
••
& Fibre
Ball
' Bi0h
233/4
——
preferred
Shares
LOW
Machinery.
Brewing
Cincinnati
Feb
55%
111
19
1
22%
9
8%
Jan
Jan
150
253A
15%
6%
Feb
1,000
46
24
■:>;• /
*
common
Car
>
.*
common
Muskegon Mot Spec class A—
National
>
10
1
common—_—
&
24!
vtc_
common
prior preferred
$1
45%
•■22%:» >21%
I
1
110'
46
43
•
Food
West
Miller
17%
k
205
for Week
of Prices
" ,''1«
J-
.Cincinnati Street
Feb
> 55%
3,600
19
43
>
•'
■
15
2,150
'
J4%
18%
Jan
110
:
14%
1
common
Mickelberry's
Middle
18%
Products
Cincinnati
Feb
50
24% :
16
16%
80
10% X ,»>• 1,750
f- 14%
Jan
J'^
,Churngold
Feb
12%
.150
.
.
55'%
9%
>
i
Feb
Sales
:
Range
Industries———1..
Participating
-Burger
Jan
14%
\
", ir
/Champion Paper
Jan
8
31
1,300
3,250
16%
15
;;
8%
48%
14%
200
Exchange
Week's
V
Sale Price
Baldwin
v
Feb
v;> 16%
Jan
'
Laundry
,
Jan
31%
50
,
39%
313/4
Jan
100
'/
** ;
•
'
American
Jan
39%
30 Vs
100
400
100
Jan
\
American
Jan
41%
'•'r
1
Aluminum
|;|>iO%:r;Jan:
(;■
Friday
Last
Jan
32
150
%
14
16
Jan
ISSlil
12,000
Cincinnati Stock
Jan
10
ii':
19 %
•
com
*
'29'''' Jan
47
1
common
Jan ;>
72%
II
Jan
20%
14 Va
■
-34
/I'///
Mills of Amer Inc—
Jan
110 v 110%
"i
7
69% Jan
Jan
66'A Jan
4% /inc conv -sub notes--.-—*-—1960
50%
a78% a80
.
'
323
-
/
253A
26.
Jan
Jan
Jan
45%
Jan
Jan
78%
Jan
63
58%
Jan
71%
Jan
195
22%
Jan
26
Jan
a67%- a69%
*
80%
74
54
*
common
'
Feb
Jan
70
134
a753A a77%
a433/s a43
23 Va
40%
3/8
•
Co———5
F)
>
'
303A
Jan
24
10o
47
_*
common
65% Jan
—
Feb
Jan
9% •:
.
•
common
Cumulative
r.ibby McNeil <fe Libby
McWilliams
5
common
?x
Jan
9%
Jan
31
110% ''
.
1
10
'
Jan
—
.-i———100
_—
25
Feb
9%
16V2%'' I6V4
14
%. 14
%
8V2
•>—%%*-55%
s-1
Kellogg Switchboard common
•
,Ken-Rad Tube & Lamp com cl A——*
Kentucky Util jr cum pfd——50
Co common
Drug
J
common
Feb
';:V%
Katz
Co
BONDS—
Jan
22
» 15%
Jan
12%
74%
33
«
.
—
600
N
Corp common
Rubber
Flour
^ 12%
IV2
—
'
68%
S
Feb
700
f%,8
*
—* >.
pfd——
$6
Power
Interstate
—-
—.—.—
28
38
30 Vs
15 %
„
68%
of
Feb
18%
42 %
^
Oil
» 27-:.:'
Jan
9%
__
100
common,
Tool vtc new-—
Pneum
Indep
10
capital———,
Illinois
Feb
U
6,600
9%
c
Jan
40%
Studebaker
.'•1
33 ''>33%
__
19
Jan
Feb
14%
%: 22 V2 % ,22 V2
x58%
Jan
30
Feb
797/a
27
*
—
16%
2,300
17
•>,
Jan '
20%
2,250
68
1,200
40%
10 3A
Jan
9%
'
57 Va
22 'A
24
27
common——25
Bartlett
Inc
Horders
—1
8
i
22
—
10
Parts
Motor
Hein
:
'
Harnischfeger Corp common—
Heileman Brewing Co G capital
1,850
3,600
•/ *
•
—
Gossard
15%
150
,
32
68
20
13
9%
J>79%
.13%.
22%
"23%
21Va
.
18%
39
Standard
;
'*'
15'A
Preferred'
——.———lOO:---,—
General Motors Corp common——10
79'A
Gibson Refrigerator Co common
1
.14
General
'
y25%
32
18%
•
*
common
'
17
9% .10%
25'A 27
«»'," r
f
General Amer Transp
16%
•
Brands
.
J'
,
17 %;
10%
;-!%
(Peter) Brewing common
.-
'
1
—
Inc
America
'Four-Wheel Drive Auto
Fox
*
&
•
5
-—-—10
common
Mills
Flour
61
Radio Corp of America common
Republic Steel Corp common
Standard
t Elgin Nat Watch Co——
-
Volume
163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4463'
'
STOCK EXCHANGES
OTHER
FOB WEEK
RANGE
Par
-
of Prices
'
ft: 31.
Great Lakes Towing common_r——100
ft
Preferred ——————ft.—10o ftft. 73fty.rft 73 ft
:
Greif
Halle
Bros
>
.
Hanna
*
55
common—.:—————*.—5
Bros
33
Cooperage class A—
ft
>Vft ^y; \'Vi7v/i> •: ■
ft
; Industrial -.Rayon 'X Un
Intevlake Iron (Un)
1
Medusa
National
Acme
National
Tile
—
&
17%
Y Central RR (Un)
Ohio
(TUni
Oil
V
21%
Radio Corp
Oil
Ohio—
S
U
& Chemical
White Motor
16%
Jan
32%
Jan>>
39
35%
Jan
32 Va
52
,
Los
ftft'ft:;|ftftftft;:':'ftft:::ft;ftft:: ftftftftftW'ftft:ft';''-:ft'-%^
21
Jan
23
70
24
Jan
42
Jan
47
ft,
315
•
,
53%
35
Jan
;
25Va
Jan
Feb
Jan
Chrysler Corp
29
Jan
31
14%
210
14
Jan
15%. Jan
4%
4%
a41% a41%
300
a72% a74Va
525
'90"
14%
*
4%
—2
———1
ftft
37%
31
ft 5%
Jan
4%
44
Jan
Youngstown Steel Poor
ftft. 65
Jan
25
Jan
Corp—.—
5%
7%
7%
5%
ft" ft;
••
,
ft;';;;
ft
ft.y
ft ft
'.ft''ft-^'ft ft
(I.-," f"
;
of
America,
:•*" :
y.
Douglas
Aircraft
^
" ftft
,
■'
1
1
'
Fitzsimmons
WATLING, L ERCHEN & CO.
York Curb
"Assoclato/ftftftft^ftyftft:
Holly
Jan
45
Jan
Jan
176
Jan
41
114
2,250
200
22
-
—
,
237/b
41
45«/4
30%
25
6%
30%
9%
Jan
l7y4 Jan
330
22
237/a
.
45
ft
;
•<
—
.
233
23%
Feb
45%
;
Soy*
Jan
30%
23 %
Jan
25%
Feb
"A"
31
18%
20%
1,286
13%
14%
352
1.10
1.05
1.25
25,723
375
375
375
ftft
ft—1'
Oil
Los
—£
12%-
Angeles Investment
Manufacturing Co
Merchants
Petroleum
Pictures
19%
9%
1,123
10%
Jan
12%
Feb
976
75%
Jan
79%
Feb
25
180
21%
Jan
25
Feb
31
Jan
31
Jan
a30y8 a30%
a67% a68 V8
391
a87% a87%
20
1.70
ft-ft:
1.80-
32
10
2,100
32
»>c
95
13,400
10c
29c
28c
30c
1.40
1.35
1.50.
41%>42«/4
.7%
—
7%
::
.
55
Northrop' Aircraft Inc.
-
——
Ltd
.
55
32c
30c
1
_
—
—...
1
,
—
■a 13%
Jan ft
8%
Jan
Feb
55
Jan.
8
Jan
10%
Jan
250
Jan
37c
Jan
13
Jan
13%
Jan
65C
Feb
75c
378
21,100
al3%
60
65c
65c
100
1.95
2.70
82,130
15
15
125-
^
16%
16%
ft:ft-ft -196 ft
ft
44%
■/ftft>r! '
; Jan
202
Jan
45
800
-
1.50 Jan
43
,
Jan
6%
6,660
io y8
29c
,
.
200
Feb
Jan
30c
Jan
ft 41% Feb
1
Jan
1.55
■
8%
'ft: 9%
1.35
Feb
.
10Vs
Jan
26c
240
,
a200% a200%
37
.
Jan
1.05 Jan
5,230
Jan
32
Jan
6%
Jan
1.90 Jan
Jan
27
9,600
91 y«
Jan
32
1,871
1.55
64% Jan
Jan
1.70
180
017
1.30
1.50
1
—100
:.ftft. 64% Jan
89
a9% alOVs
a97/8
Co—.
Corp
Corporation,
Jan
Jan
79
'
Nordon
Feb
Jan
8
25
10c
Co-.^.
Jan
385
79
•
—*
.......
Feb
1.25
.
Jan
18
.
•
Co..
Monogram
Detroit Stock Exchange
11%
ft.ft—10
Co—.—
Menasco
1,614
Feb
14%
Feb
545
9%
*
Lockheed Aircraft Corp.
;
19%
*.
common—
Jan
370-
12%
com....
20%
Jan
97»/ac
9
32% Jan
Feb
Jan
14
15
'
•
28 y8
ft 17 V*
18%
.
Co—ftft——.1.
Petroleum
933
9
7
A——1
Hupp Motor Car Corp.——i_—.——1
Intercoast Petroleum Corp.
—.10c
Jade
:
:"t 28y8
5
& Radio——..t
common
115
.
4
common..*
Development
Lincoln
Week'*
Safer
Bange
for Week
;of Prices ft Shares ft
Jan
23%
Feb
Feb
Jan
645 "
25%
Feb
23%
■
34 Va" Jan
2.840
575
-
ft a94% a99%
a94%
.
....wft.ft^—
Hunt Foods Inc
-fty-ft'ft'ftftftftftft ftft^'/ft.: )-;;■>■< ft Telephone: Randolph' 6530.ft:ft:7;ft-'ftft-ftft-::ft::: ':ft:;7ft
Friday
Jan
84
9%
Corp common....—10
Corp
Hancock Oil Co
ft
.
DETROIT
Ford Building
,
Jan
54
:i
—
class
Hudson Motor Car Co
ft'Mft
6%
Jan
308
160
7%
,
(new)———50c
Stores
Motors
Paint
Gen
Chicago. Stock Exchango
Detroit Stock Exchange
5Va
'
__ft•
Gladding, McBean & Co.—
Goodyear Tire & Rubber Co
Now York Stock Exchango
ft"
Jan
125
»
ft ft 25%
ftft "ft"'"/"'ft■*«•'''.•
Co—
Corp
General
Member*
'
Feb
Jan
7%
;7% Jan
Jan
ftft,.^. 'al37al39%
Inc—ft—1'
ft* ;
Farnsworfh Television
.'.ft ft.ft
'.-- ;-ft'
■;
•
Garrett
>
6
48
159
Farmers & Merchants Nat'l Bank.^.lOO
* * j'
a34% a35%
9%
,
Equipment Co
Exeter Oil Co, Ltd class A...
.
Jan
"
74% Feb
;ftftft.-31 # Jan
v
Electrical Products Corp
"ft't'
1.00 Feb
5
765
160
r
new..
Emsco Derrick &
%
Jan
2,335
5,940
a44% a46%
:
100
ftv.
Dresser Industries
r.iy'r^',
6
50%
50
5% conv preferred——
20
Consolidated Steel Corp—
—
>
Preferred '.—.ft.
-i-i.ft--^ft.... ft:.--
Jan
ft/ftft/'ft ft:'fts
'
53
80c
5,275
1,493
ft 7%
5%
...5
Colorado Fuel & Iron
Jan
>
Investment
Creameries
«*fr/
V
5%
California Packing Corp' common.—..*
.
Central
100
/;
5%
Cessna Aircraft Co—ft—.———i....—1
)
Jan
31
1.00
Jan
Jan
Jan
68%
95c
High
42.
110
,
.6%
4Vi Jan
7,340
53
95c
a34%
Range Since January 1
LOW
5%
ft
53
1
Shares
High
4%
4%
Jan
Jan
ft 59
79%
31
ft—«.-»»i
common———ft..*
Corp
of Prices
ftft Low
Berkey & Gay Furniture Co——l
Blue
Diamond
Corp.—
2
Bolsa Chica Oil Corp—1
Broadway Dept Stores Inc common—*
Byron Jackson Co.—.ftft
...i.ft....»
Feb
60
Bros
Barnhart-Morrow CcnSolidated.—
Jan
40%
Jan
Barker
Feb
19
Jan
Jan
23%
430
ft
16%
29%
rar
Bandini Petroleum Co
26% Feb
Bange ft for Week
Sale Price
Jan
Sales
Week's
:
Last
BTOCKS-^
Jan
50
-ft'
Angeles Stock Exchange
Friday
7% Jan
6%' Jan
441
401
:
Youngstown Sheet & Tube common..*
ft.
Feb
Jan
60
95
•
Refining
Feb
Jan
18%
97%
*
—
Vlchek Tool
Warren
47
a29% a29%
Works—
Iron
Dorn
Jan
a597/8 a59%
'
Van
40
569
95
Unlisted Issues
—
17%. Feb
60
291
24
Listed
West 7th Street — LOS ANGELES —TRinity 4121
210
►ft,-,'-.ft;-^ftft.=
(Un)————•
Steel
Jan
Jan
1,185
ft23%
——10
Thompson Products Inc
Angeles Stock Exchange
Jan
14 %
58 Va
58
of
17%
39%
39%
Bros
Standard
ft
Jan
7%
J.8%-18%
.
tUn>————————*
Steel
Ricbman
^
*
——
—
Republic
:
15 %
a46% a47..
Pennsylvania RR ——50
FACILITIES
53% Feb
.
21%26%
26%
ft, Patterson Sargent
Jan
Jan
56%
0fta33% a34 ft
ft:
m*•#tew
—
44%
49%
1,270
V'm
Member Los
BROKERAGE
AND
,
20 y4
Jan
41 ft-: Jan
450.
17"%
FAIRMAN & CO.
Feb r
86
*
——
..
Feb
84%: Jan
Jan
65 Va
.
970
47
.ft'
107%
,105% Jan ft,
1,475
a38% a38%
7
Jan
363
1
*
___-ft—--——
Mfg——
*
46 ft.,
17
34%
13%
56% 1 57
*
Cement.———
Portland
Jan
-
395
17%
17
class B————.—_*
Metropolitan Paving Brick———-——*
N
43%
17%
56% Feb
•
100
a52% a53"%
17 ft;
16.%
17
78
278
19%
COMPLETE INVESTMENT
Jan(
Feb
31
ftft, 13
ft
Feb
32 :
Jan
73
.
Co., New York
s
ft 53
54
ft 43%
Laughlin—.————————*Kelley Island L & T—~*ft
Lamson &, Sessions—-——10
(A G)
V
.ft;::: .95;,
33.
,
19%
&
McKee
,
High
ft.;-,,
Feb
31
550
50
,
ft :ft
73
a82% a83 Va
'
Interlake Steamship ——————.*
Jones
33 ft ft;f
,10?% 107%
pfd———
(M A) .4%'A
Low
%# 56%
Direct Private Wire to Allen &
Bange Since January 1
Shares
High
Low
■.rftftlft-'iy;
;ft
for Week
Bange
Last
ENDING FEBRUARY 8
Bales
Week's
Friday
Sale Price
STOCKS—
807
44%
502'.
,
.
ftftft'ft
ft'vft,
*;
'
ft:
ft STOCKS—
Sale Price
>.•„
I Allen 'Electric ——1
Baiawin Rubber J
1
i,
ft Brown,
McLaren
V
'
—-
| Consolidated Paper
Continental
—'——10.
—
Motors
19 ft
4%
^
;
4%
449
Jan
,
23
8%
26%
27
—
ft' DetroitftGray
Iron.——,—
5<
Detroit-Michigan Stove. com.—-.ft——l;
Detroit Steel Corp.—..—2
6%
-ft
,
ft 6%
•
1,200
.
5Vfe
mm** — r-.—
w* Ma
Gar
ftft;;
*
*
,-
15%
41%
20 ft;;
Mfg class A
14%'
41%
3
Industries
Wood
20
Class
ft
79
ft
Ball
Hoover
&
ft—*—10
Bearing.,
Hoskins Mfg common.
Houdaille-Hershey common
Hurd Lock & Mfg
"Kingston Products
,
Drug
ft): ftft-.
ftft
Screw
; Michigan
Davis
Parker
ftft'
'
—i
•
4%
fH
:
Sierra
Sheller
Oil
340
17%
Jan
23'A
-
LL
svi!
>v'.
12%:
,
6%
3$
29
ft': 6%
.
8%
10ft.--; 12Va
Manufacturing
Standard
Tube .B
•*'
r_»>
l
—:
1
common—
jh
:
1
,
-
ftft
■"
2,144
7%
•
8%
12%'
■
■
*.
8%
■
.1
ft-, 6 % <6V4
Udvlite Co
—___1
ft '\__
13 '
Union Investment: common—;
.*':
-ftft;.- sVa
U S Radiator common.—___.—.ft__.l
16%
:
ft l6%
...-l—-. i
■■
-
■
,
■•
ft
12%
Feb
7%
'ft Preferred '——
ftft—.--—50
ft
62Va
63"
/
'
Jan
Jan
Jan
4%
Jan,
6%
260
16%
Feb
Jan
Warner
Aircraft'
For
1
common
—ft
footnotes see page 813.
^4
6V4
•
ft-
5% "
6%
11 Val2
7,482
1.750
Jan
Jan
ftft48
Jan
ft.
Jan.
718
57%
Jan
.
47
9%
46
1,736
,
850
„
•
.
30
Feb
Feb <
Jan
63Vb Feb
497/a
Jan
ftft 9% Jan
Jan
;
32 Vi
31 Va
Jan
8'%
77.490
-ftft:
30'A Feb
22% Jan
Jan
350
21%
Feb
3,480
19>/4
Jan
25'
Jan
.
ft
21V* Jan
25
ft
1,412
ft ;ft 3,515
26
25 %
ft-;.-.'25ft'-23% u.ft25
ftft >;..ft17% 17%
v.ft
.
a29% a31%
ftft; —7
i-oo
l.od
21'
ft
16
100
:
"""
-
-
165
ft;
27
33%
Jan
Jan
25
.
Feb
17%
Feb
,ft Jan
Feb
33% Jan
1.05 Feb
3,000
Jan
f75c
1
Unlisted Stocks— .t
16c yft; 16c
/
2.25
16c
2.30
ft 2.000
/
12c * Jan
12d Jan;
/ 2.15 Jan
500'
..
*
8% Jan
-
i
11,000
18c
5,000 ""
7e ~ Jan
14c
49,925 ft,
,
Jan
American
Tel & Tel Co..——
Copper Mining Co—;——50
19% Jan
Armour &
Jan
(111)-..
Co
19%
.
1
19%
.
19%
ft
Feb.
Jan
Jan
-
Atlantic
Aviation
194% 194%
49
49
14V2 15%
100
v>-ftfti--,-.
15Va
399
;
2,336
;~
Baldwin Locomotive Wor.ks
Barnsdall
16%
Feb
Feb
4%* Jaii
Jan
6%
12
Jan
Jan
Jan
ft 19% Jan
jan
194% Feb
ft43% Jan
ft
12%
■
109
165.
__
Jan
Jan
.
Bendix
Oil
Co.
Aviation
Bethlehem Steel
Corp..—————--5 ,.a55%
Corp.—r_—• ./ A
Airplane
Jan
Borden Company
Jan
Borg-Warner
Company^—- ft
—5
—
A
•
a51%
ft
-
^31% 1
a54 ,8*54 /8
,a51% a533/a
Jan
FebJan
36%
9%
Jan
14% Feb
1'
'22 %• Jan'
38%
Feb
Jan
ft,25% Feb-
95
99
375
'
ft.-, »30%
_—;—i—15
Corp
1305
25% .25%.
a55% a56%
:
—;
15%
Feb
35 "Jan
300
a37%,-* a37% a38%
;
ft:
2,85^
49%
109
34%
:: 83s /'•
-
vtc—-13
——5
Jan
63
Jan
8c
24c
17%
615
————5
———100
Jan
Jan
9
Co.
8%
Jan
2.60
ftft.-'.: 46
al06aI08%
Refining Co—-25 .ft 34%. ft 34y8 36%
Corporation.
———3
13%/
1.3.%ft 14%
A T & 8 P Ry
13%
13%
Feb
Jan
Jan
192%
480-
a71%.ft a7iyi a72Va
Jan
<
12%
17c
20c
<-g
Anaconda
8
>
1,035
12y8"
17c
__
Imperial Development .CP Ltd—ft—25c
ft ;i7c
7c
8c
Zenda Gold Mining
>ft,4'lc ;
l9c
22c
ftft--: '• ft.-:ft;ft ft. ft ft.ftftftftft'ftft-Ef:'.--'"-:-'^'ft.ft.ftftftft''7ft'
r
-I
8L'
sft
Feb
9%
'
..ftft l0%
>
106
.....1 ;ft;,
Mng Co—
"■ "r"""-"''';
"
;Mng Coft——10 ft
Cons
Jan
60
;,
"
Gold
Juneau
j' Amer Rad & Stan San Corp
._*
j'American Smelt & Refin Co_^..ftft——*
Jan
8,
,
..
preferred.XO
Portland Cement
8%
8
12
i
-
25% ft
Co..—.10
13%
6%. Ja.n..
M%
6V4
,
39%
30%
,
Feb
6%; Jan
1,118
Jan
ft
•
Jan
5%
3,506
.
Jan
36
'■
Feb.
4
/ft 6% Jan
100 ft
1
California————~25
of
Consolidated; Oil
Mining Stocks—
; Boeing
Wayne Screw Products-i—
Oil
Cardinal; Gold
Cons Chollaf G & S
"
Feb
7
>
'-.ftft "240 ft',
8%
16%
i.
46%
9
-*
of Calif—
Co
Mng Co
Mng rCo_——
Jan
39
16
65t>
7 7/« '
13
'
Alaska
;
■' Brewing ft-
Jan
20%
31%
-
Yosemite
'
Jan
31
■
1,640
1,400 <
7 V*
9
Jan
.Jan
-
ft' 2.970 Vft'
19%
8V3
,Jan
5% Jan
16 .CFeb
! 2,134 ft
ftft 6,280 ft
7
-
—
4%
25c
Jan
45 Va
■'64%. 65%
64%
46%
Van de Kamp's. (H D) Bakers, Inc.—.*
Western AJir Lines Inc—-.——ft—1
*
6%
12
193,3
-:.ftft
Jan
-ft Jan
29
:
4J/a ft
<5%
,
36
■
5%
...1
„2
.u.—
300
Jan
19%
1,643
ft
ft
—ft
30. 30%
Taylor Milling Corp.....:
Inc ft
:
?1%
22
50c ;
:: i9%;:
19% 20%
Corporation^—ft-—;
2
fta60%ft : a60% a617/8
Transcontinental & West Air Inc.—5
Jan
Jan
ft- 5%
425
ft,
16
-
.
10%, Jan
2,735
6%
16
,
Oil
Oil Corporation
Onion
7
•
ftft-610ftf
30%
-29:
ft ft g%
.—^.5,
Jan
14c, Feb
200
31%
Universal
5
55
33% Jan ft
ft 1,129
48
32%
31
Feb
8
"'27% Feb
23c
ft
,1,362.
Lransumerica
ft;
Jan
Jan
.'ft-
Jan
5ft '
5
ftft
48
31%
Standard
ft ft .', 3% Jan
> 7
Feb
Jan
ft
Jan'ft ;vftft:5% Jan
'
7,344
■.-ft 400
7
38%
.1,331
Feb
,-ft 10
10c
ft- 14,600
ft
Jan.
Jan
31% Jan
.
17,800 ft
39
31
25
class
Black Mammoth
12%:
12%
6%
38ft.
38 %
-25
Textron
9^
4 '■•
,,
Jan
4%
Jan
;ft
'
100
28%
„
Co—
400
8%
ft8%
20
.
.ft 53% Jan
6
82
-
25c
19%
32%
preferred
Feb
/
Jan
78,818 ft
18,440
ft:ft: 24c
;_25
ote
Jan
Feb
2 Va
I,..410
Jan
vftl'-rft
7
24C
Feb
Jan
17%
Jan
3'A
26%
13c
19%
:
•
Original preferred
10
;
Jan
Jan
.1
Calif Edison Co Ltd.
28
Jan
ft 3%
5,545
3%
1
6Va
__
-
ft:
200
7% •
5 ft
\ 18
Jan
3%
2,920
(Cal)——
lie
' 5V2% preferred class C——ft—r~25
Soutnern
Pacific Company—
*
Sunray
7%
ftft:lie ft/ft
15%
8%
a31% a327/«
—25c
j-ft,
.
65c
Jan
55c,
ft
1,963
a54% a54%
,
«-■
.—
Co
27 Va
'
ftftj.v
Jan
10% Feb
ft/-
330
10 ft .ft
9
27%
—15
Corn-—
s
15% Jan
ft 8 ft
ll-SSlft
•
—
Corp
,,
ft
ft. 8 % ft Feb. ft-
25%
100
_l
Simplicity Patt: common—
■
Petroleum
Southern
ft Jan
Jan
"..'v
ft.
v:fty
ftft Feb
80
23 %
-ft
'
>
Jan
65
Jan
3%
1 3%:
,•7-'
-
Jan
1,500 ft
1,735 ft,:
,
16%
3%
44%
.43 Vb
' Jan
v
,
1,360
i.....*
common—
Metal Products.
Scoiten-Dlllon
7
15
Jan '
Jan
Jan
"
ft
*
.x^i..-..50c
River; Raisin, Paper.—
Tlvoli
Trading
Signal
Jan
Jans
13j/4
980
3%
4%
2%ft
6J/s
Car.-ft——ftft—Jft
W)
20%
19%
-ft
,,
,
3%
Brewing common...
Prudential Investing
-
ft:/
—...
.
Jan
9
3%:
37/8-J :
'A-Sy ' "ftftftft'---
Pfeiffer
Rlckel
Feb
6%
9%
.
*9
—..u.i"
common—...
Wolverine
PomnsulB r
87/«
'
1
Abrasive
Packard Motor
15%
41%
10%
28
8'%
-1
'^,1 i.^ft;,C''I'vft:!ft ft.1'
—...2-
Proaucta
Park Chemical Co
Parke,
.
1ft
—
Die Casting.^
Sugar common—
Mid-West
27%
'
Jan
Feb
'
McClanahan Oil commons
Michigan
173/4
24%
18 ft
•
ft
—
LaSalle Wines
Masco
i-_
24ya
12%
611
8V2
7%.:,
-
* 24%'
2%
—*—1
\v\ ;•{/£. '../ft
ft.
7%
1
—
Shell Union Oil Corp..
Jan ft ft
2,866
ft> !4%sftft 14%. 15%^
ft, ft. ;ft: ft-ft-ft
!
41%
74J/e
67% c 57Vac ft
ft,:-/- 16
Jan
43% Jan
41
:
12,387
'
Feb
8%
10%;
-
16 y8
63% Feb
9%
-
ft Jan
Jan
•ft
:
^
13
ft
ftft 59%
63%
■
4
525
ftft
—
Jan
387
63 Va
ft 10%
Stores, Inc.--/-^.J—
—30
Security Company
Feb -ft'.ft
Feb
200
'250
196
Goeoel Brewing
;
ft
'79
79•
Graham-Paige common
ft Kinsel
•
Feb
3y8
2,417
? 200 " '
;•
14%' 15 ft
common—-
General Motors common-—.—-^^-10,^
_
16%
65
63%
-■
Feb
Feb
100
65
--ift - '
common—.—.
Feb
Sinclair
General Finance
•
ft;5% Feb
9,030
;ft Friar's-,
: Gemmer
Corp
———
Ryan Aeronautical Co
18% Jan
6% Jan y
Jan
16
'-ftft
65
ft
.
30%
30 %. Feb
.
«•» -m f
27%
V
Feb
2.70
1.45 Jan
15
15
a42% a42%
':
r
'
Safeway
125
ft.
30% 39%
Truck.—J——ft''V.
' <•' 18 '
; 18^- ft ""'ftlOOftft
2,025 ftft
Franbenmuth Brewing '' 4* *»
l-'v '5%ftftft' 5%ft 6%.
Motor:
Jan
.
-
Oil
Warrants-
Feb
11% Feb
24
ft" Federal Mogulcommon—/—8
Federal
Jan
Jan
<
preferred——;
Indemnity -Co——
'
ft,- ftft
common——. —25
& Elec
Gas
ft.; 15
v
1st
Richfield
Feb
y
9
-
800 •'
11%
27
ft: 7
ft-
Lighting Ccrp common
Republic Petroleum Co common...ftIII
Bice Ranch Oil Co—
1
9% Jan
Jan
2.35
*
——
Pacific
23."% Jan
.ft Jan
25
-26 ft* 27%:
..
,
4,970
.
Jan
.3,110.
7
11
-
'
21%
ft;
435,
;
8%'
6%
Pacific
Jan
23
....1
.—u.
Clay
Pacific
4% Feb
Jan ,-ft
Jan
21
390
23%
'8%
ft
Jan
19
■-
!
Co.
65c
v
Products..
Pacific Finance Corp common.^.. ...10
:ft ft • •':Vft
-;
22%
•
ft3%
6,065
-
Pacific
5% Feb
Jan
15%
4%
22%
__
Detroit & Cieve Navigation——*.10
Detroit Edison common
—20
-
14,300
;
v'.; 'ft-'ft ftft ft-ft • ft;' ft -ft ft
1'
common
5%
18%
,4%
'',ftfti,;"ftft'^, Vftftftr",vr.7VV
Oil
Oceanic
Utah
5%
- -
—
1
——
?;*■'.*> !ft' ft"
5%
Range Since January 1
.
Low
far
■
Corp—ft
Petroleum
Occidental
70
'
-•
-
Jan
33
Janw
•112%
Feb
33
Jan
"■64
Jan
75.
90
52% Jan
CHRONICLE
THE COMMERCIAL & FINANCIAL
Monday,: February 11, 1946
OTHER STOCK EXCHANGES
RANGE
,,
Friday 7/'YWeek's
777 Last
Range
of Prices
Sale Price
STOCKS
Caterpillar Tractor
—
__
Co—
12%
& Electric Corp—
Solvents Corp..
Edison Company—
Gas
Columbia
Commercial
.25
_1
Corp————
Vultee Aircraft
Cons
—
A
General Electric Co__.
>
——
'
7
,
aG0%
30%
;
.
\
:•
—
—
55%
.7
14%
13%
.•
38 %
38%
•
32%
Inc
Invest
.0
22
--
i
Tel
Union
Jan
25%
Feb
12%
28%
1,115
9%
Jan
.1. 15%
Feb
33%
665
28%
Feb
34
Feb
31
13% Jan
.15
-
Jan
Jan
Jan
43
1% Jan
.25
..1
—
.25
a40%
Gas
&
.
.
—10
•
vtc
Common
5%
;
42
9
Feb
8%
Brake
-
Jan
36%
——;
Feb;
Jan
35% Jan
.46
Jan
40
Jan
.
39% Jan
.
Edward D. Jones & Co.
6%
6%
Established
300 North
' -95 96Va
YYY-Y--
j.
a38% a39%
;a24%
Louis Stock Exchange
7
a56 a57%
Week's
Range
of Prices
tow
—•
31%
.100
194%
,
" Shares
Low
A
193% 195%
35% 35%
,
32%
Jan
Brown
187%
Jan
195%
Jan
37%
Jan
28
8
Jan
-
22%
Jan
26%
Jan
28%
325
22%
Jan
28%
Feb
130%
21%
3,466
.—•
22%
25
Wheel Co——
37%
__
Bottling
Columbia
Dr
Brewing
Chrysler Corp
—.,
common
Power & Light
Battery
148
-
.
Jan
Jan
115
23%
Jan
26
58
common.
Jan
.
23
Jan
25%
28
Jan
32
Hydraulic Pressed Brick common—.
6% Jan
8
47% Jan 77 52%
Huttig S & D common.
44%
...
Preferred
—
International Shoe
Lehigh Coal & Navigation
;
Lehigh Val'ey RR_——,———
National Power & Light-—-—7-,
Feb
Jan
Feb
68
Hyde Park Brewing common—
73%
157
General. Motors——w——.
Gimbel Brothers ——1
50%
2,014
Storage
.
35
common.—
Brew
10% Jan
Y7- 35
Feb
;
24
Feb
40% Feb
.
Jan
21%* Jan
—
Jan.
50
Jan
114
—1—.
Brewing
Jan
37% Feb
8% Jan
Electric preferred
Griesedieck-Western
Feb
13%
32%
common—.——.
Pepper; common.—
Falstaff
85
Jan
48
common.——..
Emerson
Feb
37% Jan
Shoe common.—:
Coca-Cola
High
Low
85
—.
Mfg common..—
Century Electric Co
38% Feb
460
common—
317
155
33%; Jan
25
37%
38%
26%
336
•13
Range Since January 1
High
Burkhart
27
Works v t c.
for Week
Shares
of Prices
American; Inv common
Jan
:--Y'
593
12%
A S Aloe Co common...
High
7600
Sales-:-
Range
'
Low
27%
456
1,112
32%
Week's
Friday
Sale Price
Y Range Since January 3
High
31%
—
8TOCK8
■
CEntral
Bell Teletype SL
New York Curb Exchange Associate
''
Sates
for Week
Sale Price
Phone
t
'.'YYY
Chicago Board of Trade
Chicago Stock Exch.
a35,
.
a56
-
St.
'
<
vY';
Nfew York Stock Exchange "/ "
•
-
2, .Missouri
■"
'
'
%Y a38%
Y
.4 "
St.« St. Louia
4th
Members
: 36%
35% 36%
--f' ;■ a51 % a51%
,,
1871
a69% a69V8
—
,_5c*
common
Pennr.oad Corp
Pennsylvania RR_w——
Penna Power & Light
Jan
Jan
Jan
Feb
St. Louis Listed and Unlisted Securities
a21 % a21%
__
V
v
—:—
American Tel & Tel.—————
Electric
24
58%
£8%
a51% a53%
—
——
Stores
Delaware
Jan
a32%a32%
a40%
a41
Par
Pub Co
Feb
60c
27% Jan
5%
——.v—-
Alloys Steel
Westinghouse Air
Last
Curtis
2%
Jan
Jan
18%
common
Westinghouse Electric Corp com—
'
5-
Inc—7—
STOCKS
Mfg Co
13% Feb
.
45c
Last
Gi
Jan
9Feb
Feb
23
———.
Vanadium
58%
•
'
13% Jan
7% Jan
2Ya
a67 % a68%
a22% a22%
41
a68%
Feb
48% Jan
'
•
.25
Oil
Shamrock
Feb
29%
Feb
9
——
Feb
80
Jan
43
13%
Co
6%
Jan
23% Jan
/
<E
2% Jan
4% Jan
67
—
Standard Steel Springs——
United States Glass common.
Friday
Budd
9% Jan
.
~
:
Co A
Budd
Feb
6%
Renner
'
Company
Jan
12%
a47% a48%
41
41
1
(Del.)
Baldwin Locomotive
Feb
9%
19%
San Tov Mining
17 17%
a59% a59%
__
a47%
12
Autocar
20%
Jan
Jan
——
Preferred
30
42%
__
_*•
Westinghouse Elec & Mfg Co—.
i—1
Willys-Overland Motors, Inc.——
—lu
Woolworth Company (F W>
American
Feb
28%
8% Feb
26%
Pittsburgh Forgings
—
Pittsburgh Plate Glass new
Pittsburgh Screw & Bolt Corp
Pittsburgh Steel Foundry com..—
39%
30
43
Steel Corp———
Western
22%
10%
Preferred
18%
38%
•
Pictures
513
12%
25%
15%
;Pittsburgh Brewing common-—-.
23%
18%,
—
—25
Bros
24%
National Fireproof! ag Corp.......
Ohib Oil & Gas
—
'£?■'■ ■: '.:
777r " 77' ''' 7;'7.
'
a66 a67 %
•
Warner
150
15%\Jari
Mountain Fuel
42%
41%
v-'- Y
a 66%
39%"*
.——?—
Gulf Sulphur Co
S
48%
Supply—-——Ti—
Lone Star Gas——.
a46% a47 %
a 47%
18%
—10
S Rubber Company————•
-
High
48 V»
Jan
47%
25
————
—
U
Low
37%
47%
Steel——!—.
Walker
Oil
—al08% a 107"% al09%
Union Carbide & Carbon Corp_100
al59
al59 al63%
Union Pacific Railroad Co——
.—10
"
46% 46%
United Air Lines, Inc—
6
%35% a36%
United Aircraft Corp.
U
Range Since January 1
.
'
Texas-. Co
Corporation
'.
Brewing
Refractories
Pitt
Harbison
70
23%
Tide Water Assoc
United
Shares
High
■
Roebuck & Co (new)-———.
Socony-Vacuum Oil Co
Southern Railway Co
••
Standard Brands, Inc-—-u.-—.——
Standard Oil Co (Ind)—
Standard Oil Co (N J
Stone & Webster, Inc.
,
Low
■
Sears
—
Bales
for Week
of Prices
7i—-7.——
Follansbee Steel
Fort
-
'
Y
Brewing ——L-.i
Duquesne
Week's
Range
Friday
Sale Price
Columbia Gas & Electric common
-12%
70
Co '
Biaw-Knox
22%
12%
Republic Steel Corp——-——.
Seaboard Oil Co of Del-—.——
Corp
Jan
-
Ludlum
Allegheny
:7\'7
&; Co———
Jan
73%
Feb
Corp common—.
preferred
,
"
America—
Radio Corp of
High
57%
'
common.
Last
a32 a33%
—v
Oil Co—-—-———
'
Corp
STOCKS—
16%
—
7—
————.
65%
—-
7
34
15%
32%
1
66%
65 V8
United Gas Improvement—u
a77% a78%
a78% -
•
V-■
Co
:7"-7V>;-77-.7.77'7-7:7 77 )
Texas
United
:,7 S3
53
331
3.956
795
39
.50
■
.
1
52% Jan
Preferred'
265
s;
;
Oil
Transit
298
a5C% a52%
8
Pennsylvania Railroad Co——.
.25Phelps Dodge Corp
Swift.
Feb
187
IOJjoo
14%
.
& Robbins,
Studebaker
Jan
55%
Packard Motor Car Co———;—
Paramount Pictures; Inc—.
Pure
Feb
13%
20%
41%
30%
19%
41%
30%
,*
Inc
Montgomery Ward & Co, Inc..
New York Central. RRJ——
North American Aviation Inc
North America n Co--—-—-----—
Pullman
■
.»•
.••
Corp—:
Kennecott Copper
Oil
Feb
7
Low
56%.
Tacony-Palmyra Bridge—
Class A participating—
Tonopah Mining —...
14% 15%
a60% a61%
,
.•
Libby. McNeill & Llbby——.
Loew's. Inc.———--7———.
Ohio
21%
'
Jan
Range Since January I
High
56
Scott. Paper common.—-•—
7
'
McKesson
'
.1
Triterlake Iron Corp——————
International Nickel Co of Canada.
International Tel & Tel Corp
.
a54%
F)
(B
10%
33~%
21%
"
Jan
Shares
Low
Sun
30*
for Week
Range'
of Prices
•
Jan
Jan:
a75%a 75%
Co————
Graham-Paige Motors Corp——
Great Northern Ry Co pfd—•
Goodrich
47
Jan
STOCKS
Sales
Week's
Last
Sale Price
51% 51%
a54% a55%
51%
-
.•
Corp—-—————
Foods
General
-1
—-————»—
77 :
<
:7.U%
"V
_1
Curtiss-Wrlght Corp
Class
__
-57
22%
47
166
735
22% 22%
a37% a38%
31% 31%
•
10% 712%
33% 33%
__
_5
Continental
High
19% Jan
95
280
31
30%
__
1
.
Continental Motors Corp
Oil Co (Del)—-.
Crown Zellerbach Corp
a33%
'
4%'
Corp—
Commonwealth & Southern
21%
.-••
Commonwealth
Low
33% 33%
12% 12%
21%- 22%
a32% a33%
4% -4%
33%
10
Co
Service
Cities
_
^11
WEEK ENDING FEBRUARY 8
Friday
,7 7 905
21 % 22 %
a46% a47%
a74% a76V«
21%
.25
Co——
I)
(J
Case
.25
Pacific Railway Co
FOR
Range Since January 1
High
Low
Mr
Canadian
Sales
for Week
Shares
:
Johansen: Shoe
Jan
5
9
Jan
50
Jan
43%
common
common—.-——.
Feb
Jan
Jani
.
'
Jan
Jan
Laclede-Christy Clay Prod com—..
Laclede
Steel common.-———4
Midwest Piping & Supply common..
Portland Cement com.—
Mo
——.
St Louis Pub
Serv
cl A com
'•
■■■
Scruggs-V-B Inc common
Salt Manufacturing---.—
Philadelphia Electric Co common.
$1 preference common
——
'■
4.4 Vo ■ '■ preferred 7^—
Phila Elec Power 8% pfd——7—
Penna
Phllco
Corp
Reading
'■■■'.
2nd'
Co
Inv
Securities
——.
7—.-.
common
Aluminum common——.
Stix, Baor & Fuller common.
Wagner Electric common—.—
Sterling
—
common—^—
;
■r
preferred ' ^-7.77,^.77--;
27% Jan !7
33% Feb 77
42"%
46%
Feb
Jan
CANADIAN
;:;7.
.
.
St Louis Pub Serv 25-yr conv
inc—1964
125%
LISTED MARKETS
RANGE FOR WEEK ENDING FEBRUARY 8
Friday.;
Canadian Funds
'
•
77:7:::7777: y;V:;7'7^7;:7.:'7^'7y^ Friday
•;
Sale Price
"
Par
Abitibi Power & Paper common
•
preferred
—
7% preferred.
Acadia-Atlantic Sugar common
& Oil—
Gas
—
Agnew-Surpass Shoe common.—
Preferred
——
....
Ajax Oil & Gas
Alberta-Pacific Consolidated
For
7
•
8%
aq "
180
22%
100
Preferred
Acme
footnotes see
page
—
•
•
—
.
ll%c
.-7.
—
I
1
8%
ppa/,
178
31
,
Shares
High
•
9
181
77
5,785
2 * ^
77 150
7 1,310
31
v;
Algoma Steel
7 Preferred
Ltd
Aluminium
40
17,500
15
116
5
1.60
1.99
36,345
20c
24c
3,500
American
of
pfd.
107%
...
31c
3Cc
"Y 1.25
12c
Ansley
PorcuDine
Mines
Gold-
;
Argus Corp Ltd common.i.
4% % conv preference...
Warrants
.7.
'•
7
\
1.80
23c
25c
Gold Mines——.
Aquarius
'
26
102'
160
109
31c
25c'
75c
80c
100
80
•
,
195
'250
24.000
•
'
..
106
7"
1.10
Jan
Jan
Jan
160
Feb
103
Jan
10
8.800
7. 9,700
23c. Y
20C
10 3 8
103
Feb
31c
Feb
Feb
7 1.36 Jan
Jan
Jan
,
13
Feb
,
11,0507
;• -11
12
6,530
99%
99% 100%,77:: 480
Y7' 3% '>7 2%
3% :;7: 1,991
22c
Jan
Jan
29c
14,167
1,463
4.1C0
■
77 26
129%
v
54c
Jan
22%
840
•
Jan"
42c
97,900
High
Low
.
1.36
13c
1.70
1,75
Anglo-Rouyn Mines...—
Area
107'
1.35
Oil
Anglo Huronian
-
12%c
Yellowknife.—.
Canadian
Anglo
152
common
Canada
,
101% '
150
—
-
——
24
24
common—
48c
Range Since January JL 7
High
43c
45 c
Mines.-7.-77-
Aluminum
•
>
22% 23%
7. 105 105%
10cll%c
.
for Week;
He
1.84
20c'
813
of Prices
Low
100
100
6%
Bales
Range
Sales
for Week
Shares
of Prices
Low
Alger Gold
Week's
Last
STOCKS—
Exchange
Sale Price
STOCKS
Week's
Range fe
Last
Toronto Stock
1.70
23c
Feb
Jan
63c
Jan
19c
Jan
9
Jan
98 %
Jan
1.90
Jan
7
771.95 Jan
30c
Jan
90c
Jan
24V2C Feb
12
Jan
100% Feb
3% Feb
;the commercial &
LISTED MARKETS
CANADIAN
FOR WEEK
•RANGE
stocks—
Sales
Range
for Week
of Prices
Shares
'
: Gold
Atjon
;
Low
'86c
—
—
Mining
i
52c
62c
65c
Aubelle Mines Ltd
1.38
—
Jan
13%
Feb
12o
26c
Jan
Dickenson
Red
Feb
Distillers
Seagrams
52c
Jan
87c
32c
Jan
39c
Jan
40c
Jan
55c
Jaii
Jan
'72c
:
Denison Nickel Mines
1
Jan
.
Delnite Mines
Mines
Bankfield
Consolidated Mines
—
Montreal
:
Bank
of
Bank
of
Nova
Bank
of
Toronto—:.——
Base Metals
—
>
23c
24
25
1,260
2
—
*
'
*
6V2
1.60
•>1.48
1.76
Yellowknlfe,
—5;
Bertram & Sons--
V
1
-
~
<
t
11^
v
,,
-"ji
4
57c
190
Biltmore. Hats
1.30
1.40
:
w,mii,X
Gold
Bonetal
i
1
Boycon Pershing' Gold Mines————.*
18
18%
15
•
15
29
26%
27 Va
•/^- 522
45
29%
31%
4%
*4Va
——.
40C
47c
68c
British Dominion OH—• > 44c
Broulan Porcupine Mines, Ltd.
—1
69c
>
Famous
Feb
Gold Mines.—1.52
Buffalo AnkeritC Gold .Mines...—
Bulialo
Gold
Canadian
42c
•
Mines
Buffalo Red Lake Mines—^
J:
29
,
»
•»
<
't
i
m
n
»
j
,
'
,)
y
"V
31
10%
;
45c
31
6V2C
9C
/ 14
14%
;".s
'
"iv
.
Exploratioq,—
*
v:•
>/•
/.; ■■
•■■■.-v/-//',
15%
109
108%
rtimit
yellowknlfe Gold Mines———;!
8.60
Gillies
Lake-Poroupinei Gold—a_-I——wl
/v.24c/\
70
26
Jan
591
15
Jan
43c
38,000
I
£
Jan
Jan
Jan
24c
Feb
73/*
f
Jan
v
30Va
Jan
32%
Jan.
66c
Feb
75c
Jan
:■•;.
>:
Feb
56
Feb
56
•
> 5.45 Jan '
» 4.85 Jan
8.70
a
25c :>
20C
15c
18c
75c -'
20 Va
Jan
Feb ;
Feb
8.70
Jan
7.55
.
261,750
22C;
70c
19c
..17,058
Jan
.110
.
•
Feb,
110
>105
Jan
>108
Jan
!> 19 V* Jan
20
915
>■.: 16% Jan
Jaii
14
347
.180
..
20 Va
8.40
•
i
no
20
20% ■/
1"
t—-^.1 •
Glenora • Gold- •
Feb
31
„
20
3,825
/lift,/
110
Jan
24
16%
>16%
i———.100"
—100
Wares common—/
1.65
Jan
119
Jan/
11
Jan
;
9 Vi
Jan
Jan
;
Feb
6.35
50
60*
'•>:/ 5 Va Jan
.
■
5.45
5.25
5%
17c
275
1,881
>C>
56
.
Jan
48% Jan;
»
>: 90
4,265
Jan
13 Va
.Jan
42
80,600
,
Jan
36
j.
5.70 Jan
v
so
*
•1.45
•;>
Power? common-i-——i--?
5(U preferred '
5 Va % preferred
Jan
:
1,170 >
1,735
.
.
v>
Jan
10
Jan
Jan
1.38
1.00 Jan
66c
15
14%
I
60.
Jan
Jan
15/
45/
Feb
29
3i ;>/ 32. //;. 2.566 >
70c
15,000
;
5.30
i '■
1.15
95
56
— —————
Jan
/;
11,100
:67C
General Steel
13
13
'< .>
6.35
47l/a
_*
Feb
23
I
•
6.15
31 %
„*
4.40
80'
47%
100 -
—•—
Jan
44%
—
32
"
9c
;
,,
31
•■■>:
Feb
570
31
2.00
...-
65,700
31
3.35
,Jan
13% Feb
>
97,375
40
12%
Feb
Jan
13c
Jan
Jan
3.50
...
5,150
/ 7%/
—
lOo
2.70
126,160
6%
Gatineau
.
62c
1.30
1.65
Fraser Co.'s.j
■
46c
Jan
1.25
7%
Frobisher
Jail
Feb
38o
325
2.00
Jan
1.85
32c
23c
Francoeur Gold
Jan.
50c
• -
1,310
Jan
Jan
.
55,900
25,500
:
18c
Fleet. Aircraft
,
Jan
•; .14,850
21 Vac
Feo
39c
-•v:rBurna,Aj';Cb:tclJiss;'Ai—^1—'*-y.
;ry;: 'VClastl. B. !r^——1——
*■
'**
^
*
f
♦39^600
34,400
46cv
:
1,58 Feb
25,681
42C
>40©
Building- Products—
29%
Bunker Hill
1———.——-•- Ac
:'. Burlington. Steel—.—.
14
33,285
■
,
1.59
9
Mining-,.—..1
Jan
17%
Jan
1.05
58
—
Jan
Jan
1JL5
r*'l
Feb
.
Feb
30 V*
111
Jan
13
116
'
Jan
1.35
45
112
;
Preferred —
7 Ford Co of .Canada class
1.58
10%
; 38C
-
40c
•
—
...
1.35
9.00
,
9.00
•
X
6.25
>'.£••>
4.15
8 Va
Jan
Jan
25
109 V«
1.40
14V«
.
58
Jan.
> 21
H14,150>
112
72c
Feb
24
885
V
100
55c
16%
47,900
12c
44%
.
|p
/——•*
Kirkland
Jan
54,300
3.05
3.95
13%
,
14
1.18:
•
j Fleury-Bissell common/——-•
:
Buffadison
4.00
V
l——•
„s.——
49,400
•
10c
2.95
>
44%
.
'/:>
36c
3.00
///S/;:;5
iJ
Feb
13'%
& 15,725
62c
11 Vac
25
••15,550
71c
■
32c
55c
■
—L_-
Preferred
•
■'
Jan
5
,
1.08
Players
Federal
> 31 % Feb
2.436
1.50
Fanny Farmer Candy* Shops——1
Federal Grain common
L*
V
Jan
>; 50
■
1,992
3iy* •
1.55
1.40
33c
w—•-—^1
Falconbridge Nickel
•
Feb
28%
-
16%
1.40
Mines——————->-1/
Equitable Life
Z/V•;
Jan
14%
2,065
50
30%
1.435
16 %
-1
——
48
4%
5,875
1.42
English Electric class A-
f 18%
Feb
/'15./vpeb"
33,023
1434
B
'
■
225/8
Feb
Jan
22 Va
25
/
Feb
6 Va
Jan
Jan
45
265
/,/
Jan
Feb
25 Ve
80
EldoAa Gold Mines
'
28
British Columbia Power class A-——*
f
Feb..
Jan *
*
Jan
197
Investpr?/^>/i/^i>4-—/-/--25;
Elder "Gold
Jan
30c
;39c
25
14 %
British American.
^-.£>.»/>/:g6%/>
/. British Columbia * Packers icommon—.* ■/.
'
50
/
50c
Economic:
7vb
110
Eastern Steel new common—/
"
Feb
:
1,910
•
28 %
!
:
> 30c
20,700
18%
♦
Jan,
17.
10,500
.14%
Class
East Sullivan
Jan
" Jan-
Jan
30'/*
_•
East Malartic Mines——^——.1
45c
———-——5
Distillers
&
Brewers
;
Jan
31%
25
East Amphi ———.j—_
East Crest Oil——————
Jan
92c
Brazilian Traction Light & Pwt com—?
,
Jan
36
148,650
♦20,507
Roofing—————
Brentford
,
1,45
Jan
15%
24. .// 1,345
•60c:
Duvay Gold Mines_v-T
Jan
Jan
34%
115
33c
-
.
Mine*.' Ltd—•
15%
Jan
16%
1
'
Feb
14
60
.
110
•
common
Co_
Jan
11
110
/•
it—^
Mining
Jan
15%
Jan
2,470
16 Va
'
Jan
'191
Jan
38,200
'
Bralorne
Dominion Woollens
Duquesne
27
Jan
lO'/a
>51.47
100
Ddnalda Mines
Jan
13%
./• 26
common..*
Chemical
15'/a
23%
•
&
> 24'%
3,640
48
15Va
2b
:
Preferred
86,861
21c
.
Jan
Tar
B
Feb
150
f;
6V'« :
48
Jan
32%
685
:/'v.>
ii
25 V»
23
94c
Jan
3,540
15
5Va
Jan
Jan
113
265
38
5 Va
Jan
> 28%
15
,48
•
Jan
Jan
»•/;
11
25 Vs
*
1
Feb
1.90
Jan
77c
/ 18,900
15
15
50
Stores
Dominion
Jan
'/69c
Jan
1.25
50
■.
Mines
Bonvllle Gold Mines
•
Dominion
Feb
13%
I
com
^
Dominion Steel class
/ Feb
181
f-
5,500
34%
»;/— • ■ \
26c
40C
;>
• ————
eObJO MlnCS Ltd
42
*
Magnesium
9%c
6c
1.55
97%
,
/>; 1,975
-
26%
10 Va
>>'■■■'36
& Steel com
Preferred
Feb
1.76
•
36
400
26
14%
:..:>/U*'
>//14/
:■>■/ 36
1.92
905
.
91c
32%
26%
*
;
common
Dominion Scottish Inv
Jan
Jan
45c
431
34%
Jan
>
Jan
Jan
24.750
•;
7%
1.64
/
39
188
/
Jan
Jan
>1.41
220/
.
22 •'
>31
250
is v
Jan
Jan
5%
85,988
86C
31%
31%
10
Dominion Malting common
Jan
27c
Dominion
Feb
35
Jan
1.41
t>
35
Jan
Jan
•20
125
■
Jan
20C
-
36
Bidgood Kiriciand. Gold————1 ,y,jy 35c
V
Jan
36,600
>. Befcourt Gold —:—————-——1 * ) 86C •
■
34
•33
42 s
1412
15
1.35
/;■—.:,.
v', p * '\i
.
Jan
51c
1»8
Berens River Mines ————1 *
v
/
111/
100
88C
:
•
Bank
Dominion Foundries
Jan
25
36
57c
cell Telephone
-
.1
—
Dominion
24c
41 >:
.42
•. 36
.
—.—1
of Canada
—100 /
Quebec Mines—I
/./'-•
1.60
38,140
>•
Dominion Coal preferred —;
—25
Dominion Dairies common——>—r
*
Jan
135
7
1.50
,>;:/>/.••
33,500
1.80
Feb
17c
20,900
21
-/ 20
—'
•
Belleteire
/
22 Vac 22 Vac
9 VaC
101
Feb
220
-
-
7c
/ 1.65
1.55
50
:
common
7.25
21%
35
34%
1.55
jl*
Radium:.—
Class B
Beaulieu
'
34
33 %
•
„
* /•;; 2tc
J:
—:—
Exploration &
„•
35
/Btatty- Bros class ,A————>
•
•20c
Jan
1.61
9 VaC
1
•
Mines
•'Diversified' Mining
Dome Mines Ltd—
Feb
2.99
10,900
Jan;
58c
Jan
Jan
2.90
Jan
Jan
Feb
15
2.50
1,23
460
31 Va
Jan
2.90
4.50
114,725
-/ 30,232
25
1
Beattle Gold Mines Ltd————X
*■;{'
58c
———10* V; '
Bathurst Power class A
Bear
50c
21c
1 :
10 v
10-
—
Scotia
Class B
50c
1
Bagamac
Jan
14
15
1
Lake
Dominion Fabrics
"
29 Va
745
31%
Feb
60c
735
30 Va
14 Va
■;
High
Low
/>•.'/
:,/;'
31
•
Jan
62c
12% Feb
..
>>
Range Since January 1
High
1
B
95c
Jan
116,300
,27.771
7.25
Class
Shares
>-/15
Davis,Leather class" A—
?.
-/•
for Week
/ Low
••/''■'•//Z'Z:;1.1-.^;p*r
Jan
19,boo
1.55
6.40
Aunmque Gold Mines.——
Geld Mines
Aunor
>>,
Jan
55c
:*
Feb
,
1
High
44c
.
46c,
i>
Janua'ry
>;;)
Salea
,
Range
of Prices
•
Sale Price
STOCKS—
78c
85c •531,253
38c >. 24,940
53c., / 19,400 /
72c >154,200
34c
—
Mines——
Yellowknlfe
Atlas
40c
,
'//.'.v.- 595.
rec
70c
Mines •■»•—-.—■:
Athona
17,900
19,000
,/242,80O
13 Mi
;; loc
yueocc
;
•i
93c
12%
-
Hardware class A—
Ashdown
"Ashley Gold
Range Since
/; Low
45 c •;
Week's
Last
Hiah
&'■ 40c
Mines;.—
Armlstice Gold
A^ntiield
.',/*/
Sale Price
*
ENDING FEBRUARY 8
/•Friday
Week's
/ Friday
.//.Last
financial chronicle
/Jan
25c
Feb
Jan
Jan
88c
Jan
28c
Feb
39c
Feb
61c
>
.
.
12o
57c
405,900
22c
Jan
9c
Jan
v»
'
Calder'Boust|uetl——i..a.—i
r-f; Caldwell Linen
2nd
*
V
—♦ -'
f
corampn—
'
.
preferred:;——;,.: -—v.—.
Calgary & Edmonton, i
.•>
Calmont Oils'—T
"
v
U
—
14 V2
-
45c
3.30
9
106
*
105%
r
*
Bread
17%
15%
18%
A
———————.100
Canada Cement common.
,
Preferred
■
J....100
«•.>».
^
'
''
•
,
A
•
Canada: Northern
Canada
V
Power
l
;
Packers class A
Class
B
Canada
\
Ca'nada. Wire- class A—————♦
.•
B :_d
Class
.-•••••
•.
'■
■
■
v
.
-»•"
•
...
Jan
J
i
i
„
:
40
Canadian Bakeries
189
;
/
51V4--
26%
11%
12
'
■
■
'
75
Vtc
.
Jan
28
,
New
eommon^^*
26
23 V*
20
34%
35
CeiBncse
66
67
28%
14
20%
29
common—
67
>'.Canadlan-'Driedgw£:::^k..;
Canadian Food Products, comjmon
•-*
14 ?
w
-''-..Class'A'--r21
14%
12
;
■
•
/■'■
28%
0- 23 Va Jan
20%
2,577
«35
Jan
310- i
150
3,770
-
r
-
21
1,050
..
:
Hamilton
:
Industrial Alcohol
com.
A—*
'
18%
6,370
16%; 16% ///v.-. 150
•
"B"
Class.
J.'—
—
Canadian Locomotive*
•
18
2OV2
•
62 Va
13%
•
Canadian Malartic
^
*
-15c
-
38%
39%
635
1.15
1.35
61,287
1.10
Jail
Canadian Oil?
.
17% ?/ ,1,265
13%
Jan
/
* '16%
Preferred f—i.:
.
Canadian Pacific*
.
Canadian
Tire
'
.—100.'
Ry.————*1*^.25
105
105
t
23
24 »4
:
/ 27
28
>
23%
&
Rubber.^——j.—.*
Canadian Wallpaper class A——
/
16%
■
zl
*
24
-
105
100
v.,—
18
Jan
Jan v
26
129-
Jan
-
24
24
Feb
''.Class-B
i
.4—
W>.
•
Central
Patricia Gold Mines—;
Central Porcupine.Mines.—
.
150
23% -Jail
29
265
25%
2.85
2.80
2.90
2.03
* Canadian Wirebound • Boxes.——_—n.♦
Cariboo Gold Quartz
i
—:
:_l
Castle .Trethewey
1.94
2.10
1.600
13.462
2.88
2.99
9,150
43c
66,500
:
l
2.90
__i
24-
27%
29
40M2c
4
Centremaque Gold Mto6s-L——"*
34c.
24
38c
42c
25
9
-
Jan
-
2.80 Feb/-
5.75
6.00
12%
19
19Va
110
.Feb
Feb
3.00
3.00
2.75
Jan
Jan//
36 %c
24
29
Gold.
13
14
1.20
28c
Jan
Jan
•
/ChemicalResearch*:
;
g
Hosco Gold
27 %c
27 VaC
31c
>2.55
2.45
2.58
25c
50c
Jail
'' 88c
.1
Chesterville Larder Lake Gold Mines—1-
Chromium
;
•
Mines
•
•__•
___
Mines/'—^^--—..^.1';,'
Willans Gold Mines
._1>
Cockshutt Plow Co—
./
Coin
Lake
1
'
■"
•
*"| "•
*
-
1,1
Coniagas
^
^ ^
^
•5.00 Jan
887
18 Mi' Jan
1
4.70
89c
Mines.
•
Bakeries
Mining
>
Smelting.'.
.
•
-
1.90
35c
1.05
48,600
50
Jan
Jan
Jan'
1,23 Jan
8%
-
2JB5.
2.60
•
18%
> 91%
IGO
1.68
18%
'f-
650
91%
;
V
7%
2.40
^8%iJan
Jan
Jan
16 Mi
-
Simian
Jan
2.00
7: 5,370'
159 ; 160:
/I.45; 1.80
,
Jan
45c
/
.,^.L960
y;>0.025
19
89
506:'
tiC ?
8%
2.62
2.12
5
<■
U.
'50 J
78
:
;,2.j851(Feb
JyfcOyFeb
Jan
-19
"Jan
^
Cosmos
Box
common....
Imperial Mills
Jan
Jan
1,80 Feb
Coastal Oils—
Cournor-
Mining
'"
...
Crowshore
Cub
Patricia Gold
Aircraft1—;..
•
1/:
36
29,806
1 53
/; 1.50
49
lZZ.'r
—J/—i
-
91 c
■/
90c
Petroleum
For footnotes'see
.....
page
813.
—•
2%.
V 1.95
3
'18c
17c
20c
:
Preferred
>
"i
Jacknife
:
6,500
•/
j
v;
15c > Jan
,
/20;%c Jan
Jan;
43c
30c
69
Jan
Jan
Jan :
"*
63c >
Feb,
10c
Jan': >> 14% <5
25%:
22% Jan > ;
8,100
255/
28c
34c
"21,500
•/25c
Jan;
8C
9%c
:
>/
8c
Jan
-Jan
64c
65c
68V2C
52C
;
.
/15
4,390
;
67,200
Jan
•
44 %
44%
1
*
25c
23c
w—^—- 10Q
22,900
61c
73c
224,300
:.»• 45 "
•
;
20c
/
37
99
V100
•
100
.
48/'' Jan^
Jan
.48
.
..Feb.
-100
Jan >>,.
.
Jan
30c
40% Jan.
>• 95
48
Feb
73c
Jan V,/
200
;
45% Feb >
Jan
•
Jan
loc/ Jan
Jan>
37%;: Jan .•>>•'
13,500
/'// v. .25'"
Jan
74c * Jan
/* 1,675/
48
Feb
35c,
,
*
25c
45%
Jan
4.40
45%/
•
Jan
.
"44c
•
Jan
19 V*
Jan
3.75
68c
'
—
Smelting
Jan
3.60
Jan
2.55
50c
3.75
>
Jan
2.70
Jan
25,435
U 45%
Min
15,448
15%
*2,030
;
a
14 Va
15
13
1.40
1-50
34
—
.
;
J
M
1 ;•
—
Mines—«-■1
Consolidated Gold
Quebec
Journal
Publishing
48©.
^
Mines-——-1 pi%
«c
f*
Mines
38c
^-—4--—1/
r—'
/
• j..
■:
i
z
(Ottawa;; >• rf
'
14
Jan
15%
Jan
Jan
80c
Jan
Jan
1.20
Jan
1.65
50
/•
34
Jan
'34
37
*13,000
31%
32 Va
720
30%
50
102%
.45%
47
158
24%
2.10
40C
34,750
32%c
38c
:
1,200:
Feb
•
1.90
•'
Jan
38.100
30c
5Vac
Jan
» 43 c
50C
55,004
40c /
2.10 Feb
^
41c
1.16
14%
>16©
8c
1.39"
14 %
-12,433
12c
""18,040
%6c
191,310
/•>:/.
75
1.01
.
Jan
•>;>
/>'
Jan
Feb
C-t
Jan
9c
-'
Jan
14Via- Jan
: Jan
38c
Jan
13c
Feb
Jan
1.90
1
Jan
34,666
Feb
158
jag
32c
8c
.7',4c
Feb ;
->//: 27Vs Jan
1.40 Jan'
7c
/
"
37
Jan;
22 /> Jan.
49,550
1.90
158 ;
}
18,560
1.71
Jan"
32'% Jan/
104% Jan
Jan
•
5
1,60
Jan
;v;
40% Jan; / '"' 47
5,590
158
•
:>>; .35
: Jan
: '34
.
Feb
13%
14,350
1.50
34
9%
37c
Mines'—
-
7%
8% Jan
60c
—
Jacola Mines-
Jason--
>:
Jan
3,998
:
Jan
Jan
16
Jan
104V4 104 Va
23 Va
Feb
;
17%
*
56,400
13 Va
30
Jan
13%
/•".'•• '75?
69c
.
15 Vi Jan
1,875
8%
13%'
;
26
740
17
15%
60C
:—1
& Devel
30
16%
28%
67c
,
J.—
Gold
Waite
Jack
Jellicoe
18,570
/
25c
24
100 ■■ • —
common4——^*>>46%
—.——5/100
>•' *•■—
International
Petroleum—
,—•
23%
Interna Hon 1 Uranium Mining-.
1 ;
1-65
Island Mountain Mines
——50c
2.10
Preferred
Jolict
Davies
35c
'
' I
Jan
Jan
.
19%
3.85
International Nickel Co
8,800
92c
2.32 Jan
Jan
1.24
23%
I International Bronze-preferred———25 a
/
100
54% i
14 Va
31c
•
_
*14,600
32,900
49,410
12c
Jan.
Jan
Jan
27.VaC Feb
18%
-
4; International Coal & Coke-_4__4—_—1 » •, 37 ;
International Metals class A
• 4
32Va
-/
17,725
1.55
*
Jan
10c
Jan
1.02
9C
Mines—————1.
—1
class*A-/w>i-44------r--'-
Inspiration
>
4,100
70c
54%
100
62c"
95
64c
12 Va
; 32c
Lake————/———4—1
Inglis; (John)——r6
100
/J: 30
,
......
*
9
31 %
*
croinor Pershing Mines
Crow's Nest Pass Coal—
;
:'
*»•
18c
•
20c
3.75
Indian Red
/
91 %? Feb
ioom Jan
1.20
,114,180/
3l' 31%
•
*
11c
lie
Imperial Bank
10
28%
i.;Imperial Oil ———,—u.—16 Af
Imperial Tobacco of Canada ordinary_5
15%
///. Preferred
_—-4——£1 ///z7-:::
Imperial Varnish —-4>/; 14%
Jan
156 Vi
356
/
19 Va
-•.'.•24
4,
Erie common
*v
•
>
/.'•.Corrugated
Huron:
i'x.
4.70 Jan
c' /; 6.00 Feb
12 Va Feb
>'■>9% Jan/ /'
19% Jan
19
Jan>:"-
'18,300
55c
V 2.14 Feb
515,116
2.85
•.>
Exploration 1
18
89c
1.10
2.6O
/:
100
•
&
.
81c
50
•
Consolidated
•
87c
88c
5
Mines
Consolidated
17%
'
5.00
35.491:
_10,948
3.15
50c
" Class B-
v'
—.
Consumers Gas (Toronto)
Conwest
41,750
15,900
4.70
/
National————1
</>niaurum
795
32c
Mines..———„i
Commonwealth Pete
Conduits
2.10
1.50
29c
46c
v
2.65
& .Gas—«
Hugh Malartic Mines__:—
,i
Jan
1.85
/>
—1
1.90
-1.45
-30c.: /;
•>vt> U.
_—•—
Yellowknife
Colomac
13,000
,.
1.49
/
:.
Citralam Malartic
Coehenour
>860: >97c
1.87
27c
51c
—4-
Bay Mining &
Hudson
Jan
16
Jan
'
? Jan
*
'
Gold. Mines
>: Howey
Jan
59c
>17%> Feb:
*
44Vic Jan
50c
50
Feb V
13% Jan :.
£ I; >,y'
7c
36,500
25,000
36,029
Jan
Hunts Ltd
Chateau Gal Wines.
.
Oil
Homestead
.
Feb *.'
..52%
/Jan/:
14c
/ 2,345
1.12
—■
Homer;: Yellowknlfe
/
1,150"
! 22c
Oil-
Home
:'
:
">1,450/
22c
13% >
4.13
Scarcee Oil—
—
Dauch4.4u44-"---———♦—•
Jan
Be
7 VaC
19%
—
—
>31
Jan
"14%
•
> 82.800*;/
27,800
7 VaC
Consolidated Gold Mines.
Highwood
17c
26c
Hinde ; &
•
14c
,
11
J HolHnger
>2.10 Feb
1.75; Jan
30c
9,600
9
Jan
;
Jan
28
Cadillac
Heva
>4.080
>•5,75'/'
1
—
'
'
,
Jan
24%
;■
-
50c
9,850
•17.% ; ;
2.85
Hedley Mascot
.
Jan
105'
•,
21%
-10.078
•
135 Feb
16.
'
———————.-—----•>-1:
Headway Red Lake
Mines.
39
1.25
....
.Jan
-
'
,,
/ .Heath Gold
;
> Jan.
11%
•
>
Jan
26c
20c
Jan
> 30%-Feb/
>55/ Feb :•
'
58c
55c
56c
Jan ?
7:
> Jan
100
13 Va
jti^;-:HamiitQn -Cotton
•,
".Harding >Carpet—4—/———h*.
Hard Rock Gold Mines—
^1 ;
;;
Harker. Gold. Mines—
—-4—->-1
r
Harricana Gold Mines—-w—-———rl
t'Hasaga Mines
43
15
455
Jan
9c
Jan..;.
Jan
42
2,490
49%
■
-
*
51
Feb
.
15c
.
2,190
'
Canadian
7,059
30 Va
'
Bridge^
.
Jan
Jan
I 28
I 47
51%
Ltd-
Mines
Hallnor
.
15c
15%
55
:
Mines-
Gold
Halliwell
/
2,000
31
Haicrow Swayze Mines
Jan
> 9,700
;
'
.
/
21C
20c
53
•■
115
/55Va
Jan
18c
28
—,—
Feb
Jan
28 %
/•
Jan
106 ■••-
Jan
;;>>35c>>Jap^
.
*
*7C '
!
63
238
20c
.
>> Gypsum Lim^; &, AJabpstine
•
26% Jaa>
76
-1,795
2,943-
-
Jan
"*
24,000
29%
Guiinar Gold; Mines Ltd——i
Feb
24
,765-
26%
22%
19 Va
49%
34%
-
preferred ————25
CHHfldtan
-
25.460
23 %
23
22V2
Canadian Car; & JF^ry
-
,24^
■
•'*>• 23
150
22 Vt
.
21%- 22 »/4'
23
28 V*
22%;
'
*
Jan
u,28c
:
V 2.65 Jan
Jan
55
/
•»
—S
preferred
Common
-Preferred
>« 4,200
Jan
.
-:40VaC
Jan
2.00
....
79c
Jan
115
53
20c
.•
.
Jan
1.18
•
: %
53c
„/;,32c
/13,100
.
> 75c ,Jan
•> 25o
Jan
Jan
90c
.
31,200
.
be
7c
111
'V 20c
Feb
Jan*
-
30c
;1
9c
>>;
75,300
/
245
»>;55:»
^
Jan
51 %
88
2.20
115
Bousquet.x-i—-——l
Graham
.
Feb
23
640
50
•
>
•>
*
269
22%-
/
>
Grandoro Gold Mines/———————
7 Great Lakes, Paper, ytc common—_*
Jan
'
35C
28c
,
Rubber common—*
.Preferred, — ./U,*;,————5<L
&
Great West Saddlery com—
»
;
common.^.!
i ' Cony -preferre(F—
'
,,
.
Tire
Goodyear
>
6i,55o
.,19,200
» 27,900
.
73c;/ 311,800
32c
i
29c
4-
Mining
Goodfish
v
:
Feb
20
83
•
87 >
27% -
87
-
Feb
1.30
.59c
2.30/
1
Mines
/
t
Jan
14%
088
189
50%
62
-
.
^Canadian:'-Bank: Commerce
?V Cxnadlan Breweries enmmen..^ :.
I;]Canddlan Canners commnn
.■y-.yw
1st.. preferredL^^—J—^.20
,■
145
.
• -v
p.'
J-
Goldora
430
20
,
21%
—
-
.
Golden Manitou Mines.
Feb
355
40
19%
.
-
14%
39
'51
-
/■''
1.10
'32c
Mining-
Jan
385
19c
51,291
.
39c :
67c
/'/72C
Golden Arrow Mines
Golden -Gate
28c
63c
r 17c
/
..
1.25 :■•.■
i Goldhawk
Feb
'
'
^
'
...
'14
185
::^p..> PrelTOfed:' ——^^.50 ;:;
'
-
19c
Mines——
18%
..........110V
-
•
40
19%
Permanent Mortgage——.100.Steamship; common.i.i——* -
Canada
■
143
Eagle
*?.
63c ?
>
1
i.
",36c
l—»—
—
—-—;—..
106%
7,335
61%
Gold
Jan
3.30
95'
GO
Gold ale Mine
fVGoldcrest
/,'* '0 9% Jan,
•
•
w........milt.»i.':
'
51c
-605/
i",y
CO
;:: + >.v 14 Vn
-
/ ^
141
—
1
*
*Caiiadb.;'Maldng'-—.J——i————,-1
.
.
"
Class
t
-
Jan'
2.95 Jaii
5,450
106
.8%
common.ii.———
l>70c S;
God's Lake Mines Ltd
Feb
19
i
; 22,750
v
Feb
•
14%
60
44,038 :
•
48C
2.70
46c
> Campbell Red Lake.—lj.————,.1 •- ' :2.85 '
Canada
25
-
2.95 /
2.10-
2.87
....
m
18 i
44c
.
Feb
50c
19c
9c
1.39
15
.
Jan
Jan
Feb
Jan
\
THE COMMERCIAL & FINANCIAL
Monday, February 11, 1946
CHRONICLE
CANADIAN LISTED MARKETS
FOR WEEK ENDING
RANGE
Last
Shares
Low
———
'
16%
16%
Klrkland
Hudson
Klrkland
Lake
Klrkland
Townsite,
36c
—-
37c
Jan
65
Jan
30
7,145
15.
Jan
17% Jan
1,200.,
75c
Feb.
85c
2.00
K :.
2.90
A
37c
•.
27
97,086
35 c
2,500
A
Feb
A
2.65
2.75
——-i-—
•
26c
.
1,400
1.70
2.00
;
Jan
Jan
Feb
A:
a
2,90 Feb
Jan
Labatt (John)
Lake
Lake
Lake
—
Lake of
P 9.90
1.20
1.42
14%C
14%c
;
25
La
26%
26
Lamaque
2,200
14c
Jan
3,795
23%
Jan
26% Feb
50
29%
Jan
31
5,500
6.35
Jan
8.00 Feb
Rochette Gold: Mines.
1,088
7.80, Jan
8.75 Feb
Rouyn Merger Gold Mines.
Roxana Oils Co*
31
6.70
;
8.00
8.75
21
22
17c
19c
51c
70c
'rW 2 3
42,600
23%
-
408,600
5;
41c
Class "B"
Jan
;
:
-
•?
>
37c
'
5%
Jan
Jatt
•: 23
Va
Jan
A/.:7vA Feb
1.70
30
P; 21,650
,
60c
;.
36%
-48Va, 48%
r:.y 15 ■
19,200
38c
30 c
38c
13,200
"A: 55c
60c
56c.
94c
1.00
23%
24%
22%
Jan,
1.70 Feb.
Jan
P' 18c
Feb
76c„ Feb
.
Feb
Jan
48%
Feb
Jan
-
14%c
P- 37%
A 49%
Jan
Jan
29c
Jan
38c
Jan
44,458
51C
Jan
64c
Jan
: 80c
Jan
2,040
20
425
-
22c
9,500
;
Feb
22
1.00
24
23
—
Jan
46
30
21C
Jan A
42
'
'
A 49%
: P 17 c
49%
19c
jan 'PSA: •40c
34
125
Jan
69c
18c j,— 26,310
74c ,4 51,700
32c
7Vic
-A
39c p 24,500
;
A
:
•24%
1.01
Jan
24%
>
Jan.
Jan
"
—
59c
•56c
51%
50%
24c
20c
24c
iViC
-
Va Feb
25
Jan
.
IVgC
20
60c
r :
51% A'
23,800
"1,135
Jan
55o
62c
r
Jan
'
44
20c
22,200
Jan
Jan
r
h 51% Feb
25c
Jan
Feb
Jan
56c
Feb
Feb
iNA;•'sAv' y.}-\
5.00 Jah
;
7j60 Jan
—-——
If? 3.75 Jan
5.45
Jan
Jan
95c
Magnet Consolidated Gold-——.——1
Malartic Gold Fields.—————1
3.75
■'
Jan
5VaC
Jan
Manitoba & Eastern
——i.,—*,
Maple Leaf Gardens
common-—-*
50
Jan
———————-—-—,10
12
Jan
Preferred
,;
••
V-
Maple Leaf MilUng. Co;common*——^
12c
Maralgo Gold————————--4——1
Marcus Gold.:.;
.1
McColl
Lake
Gold- Mines
Mercury Mills
3,100
27%
Feb
19%
20
3,243
16 %
Jan
104% Jan
10c
Jan
105105%
75%
.
95
.; 3,000
;
14c
12c
-
76%
985
■,'1:.67
1.54
1.75
7%c
8c
7,000
45c
42C
470
29,840
28c
32C
19
19
185
13c
15c
65,500
30C
—
v
& Gas—!—.-.—*
14 c
11%C
105%
Monarch
Knitting new
;—
100
preferred
————————10Q
Porcupine
Montreal
I i '"99
'
•
———100
Corp
common—-.—
Class A
——
Breweries
Grocers
Preferred
-"
75
77%
-
298
298
370
36c
National Steel Car
-
Jan
-Jan
Jan
298
19,400-
3.75
45C
;
80C
31c
Jan
Feb
45c
26C
44,837
b 50,000
Mines
5.35
1.25
70c
Nipissing Mines
22
2.40
41
41%
52
53%
.
150
69
12
12
12%
'
110% 110%
•
32%c
Mines
Normetal
Mining
Norseman
Cori> Ltd.
Mines
Northern
Canada Mines
Empire.*
85c:
Jan
1.05 Jan
2,500
27c
Jan
29;500
lie
Jan
200,679
29c
17c
—„•
1.27
2.50
45c
5lc
8
8%
6
6%
« ;
;v
25c
2.08
Feb
22c
19%
11%
Jan
:36c
31
Jan
1.40
52c
10% Feb
36c
39c
29%
46
.50
O'Brien
——*—-^.—-*5'
Okalta
,
Gold Mines.
3.15
:-■
Crush
Preferred•
Orenada
.Ottawa
_i
*
6 »/4
6
Jan
12c
Jan
8% Jan
common———,
_•
15
14%
Gold Minus
Oils
16
14%
x
-
42c
■
■
•
45c
' :
-
14c
26
15
Feb
57c
70
Jan
i
445
8%
16c
89,947 A
1.20
1.18
1.30
33%
34%
31,320 V
2,225
1.65
33%'
2.45
—
Petroleum
16c
2.40
2.60
Paramaque Mines
38c
45c
122,866
26C
27c
Par bee
Malartic
Partanen
-
27C
24% c
10%c
10c
t
Gold—.
Malartic
.
Paymaster Cons Mines Ltd——
Pen-Ray
Peoples
Gold
.
Credit
93c
Mines.
.
Pickle-Crow Gold
Mines
Pioneer .Gold Mines of B C
Premier Gold
7.00
-616
66c
21,800
'55c
50C
15,600
47c
Jan
Preston
East
—
Dome. Mines—
Proprietary Mines...
Purdy
Mica
32
33
1.55
1.65
1.54
16,400
16
¥1
960
3.25
3.10
3.35
63,250
—1
21
21
21%
.1
r»
40
3.00
15%
22c
19,400
••••
-
590
2.90
3.15
24,200
15 V4
15%
800
50c22%c
13,700
1.50
1.43
•
.
;
*
7
•30c
*15
33
Jan
Jan
TorontoStock ExcNngo^irfcSocfiito
Jan
2.40 Jan
3.35 Feb
Jan
19 V4
18%
19%
6,825
11
Jan
52
51%
52
135
51
Jan
;
52c i Jan
Jan
20c
Jan
PJan PP.-:
-Feb
75c
;
1.75
Jan
v
Feb
1.66
Jan
:
Jan
Jan
2.90 Feb
26:r 'Feb
24
Jdrn.
5.05 .Jan
Jan
Jan
15
S1
Jan.:
32c: Jan^
1.95 Jan
17% Jan
17
: 94%
Feb
14% Jan
:
Jan
15% Jan
Jan
46c
-
* •-
4.95 Jan
0.10 Jan
30% Jan
Jap
Jan
V".-*
23c
Feb
27%
•
4.35 Jan
Pv-- 665
16
Purity Flour Mills common——10.
For footnotes see page 813:-
-
1.45
,1.58
Mines—..I—————1
Preferred
656
49C
A 32
27%
9% Feb
Jan
47C
—-———
...
Jan
6.40
Jan
' Jan ' A:
A Jan.
'
104%
Jan
40c
?
24% Jan
35c
A 6.80
Mining. Co——
Pressed Metals
125
18,790 A
11,870
14,725
;
.1
- Rouyn
Gold—
Voting trust certificates—
Corporation
-26% 27%
36%Q 40 %C
Jan
-
1.45 Jan
•
;^'v 'lr
Feb
1.05
Jan
8
625.'t>'
22,850
4.75
Powell
Power
:V-'7
4.50
t
—
38c
9%v
1.85
76c- Jan
30c
'4.55
*
***
1.70
,
t
Porcupine Peninsular
1
Porcupine Reef Gold Mines——!
River
39,400
25
Jan
lie
6 %c Jan
c
318,674
34c
155
Jan
46c
29c
48,100
1.05
30c
——.i
Photo Engravers.—•
Plcadilly Porcupine Gold Mines—1
1
80q
:
;* 8%
Securities——.—*
Perron Gold Mines
Powell
32C
11c
37c
44C
Jan
35c
8,900
652,400
29c
.
2.85
/
1.40 Jan
1.60
Jan
-
34%
26,150
40C
27C
Pandora. Cadillac
22%
Feb
18c
-—I
(new)
•
Pamour .Porcupine. Mines Ltd——*
Pacific
Page, Hersey
,4.10 Jan113% Feb %
22
Jan
;
113%
Jan
Feb
95cA Jan%»?
y
4.90
Feb
A' 17
480v
25,800
7%8%
-
U 67c
Feb
Jan
11 %c
12 %c
30c f Jan
335
A
Jan
43c
'
125,109
13%
16
Jan
37c
V
2.55 Jan
Jan
90c
102,770 '
28c ; ,29c
;5': 25 vP 26
.
Feb
3.85
5,108
25,200
■;
40% Jan
■
Jan
8% Jan
36,150
-
43c
35c
1
■
Car.
Pacalta
74c
32c 34 %C
Ontario Steel common..
Orange
3.40
<68c
Oils.
O'Leary Malartic Mines.
Omega Gold Mines..i
Omnitrans Exploration
500
>
Jan
Jan
■
Preferred:
Jan
30%
24
31
28
Feb
2.50 Feb
Feb
7% Jan
"
19%
Jan
5% Jan
550
■
30
1.70
10%
Jan
33c
1.75 Feb
45c
46,400
.
Jan
Jan
1.13
'
440
;
35c
1.55
14 Vic Feb
15%c Jan
51,700
15,800 A
1.36
1.75
:
1.03
48,700
—i—1
—
';
35c
18
72% Jan
2.08
16c
———1
Gold.
;North- Star OiL.
Jan
26c
_•
Northern
Inca
1,700
63
1.55
—
Northland Mines
North
95c
•32Q*33o12c 14 %C
—
Norgold
4,471
91c
Norbenite Malartic Mines——.
Nordon, Oil—
70%
150
12
30
Noranda Mines
77c
2.00
10.960
^
-24
5.20
A5
54%
21%
5,437
A
5.50
—
1.94
54%
7 ,600
-
4(00
22%
Feb
;
2,690
66,700
2.30
;
87c
1.49
330
160
29
19c
3.20
83c
Feb
77
40 c
15c
Feb
1.25
14
44C
39c
3.00
Feb
Feb
91c
70
-
103
251/4'Jan
;
278
517:
103
Feb
100
Jan
70c
86
4.40
'
Jan
v
11%
Feb
95
85
4.15
/
12 %c Jan
40
/
8%
1.27
50%
85%
105%
2,600.^ 22% Jan
;
83%/
Jan
smr.25
t
...
17c
Jan
' '•
1.25
50%
Jan
Feb
Jan
9%
23%
8
Jan
19
16%
9
23
1,105
———IA
—
34c
Feb
28 %C
Nib Yellowknife
V
Jan
90
,
14%
Jan
13c
62,465-^
:
30
———
—
50c
1.40
V
8%c Jan
Jan
1.50
1.27
1.75 Jan
.
Jan
6c
37c
30
1.30
Feb
38
V
———• i
Calumet Mines-—
1.54 Feb
30
Jan
103
11
;20 A
——•
-
<
17%
34
24%
.
—'
National Sewer class A—
Nicholson
99
91c
24
'
14c
76%
•
19%
Jan
Feb
50
200
77c
24
common————* '
common
— -——-—
Negus Mines —New Bidlamaque
*
76%
.
Long Lac——1 f
National
"'97
•
85c
—
Light Heal & Power-——*
Jan
Jan
*
45
105% 105%.
'
11 11%
—.
35%
26%C Jan
•
1,940
'>
40
40
v*„
•
37,900
llcll%C
40
—100
5
v
v
Jan
19% Feb
Jan
73
,
47.672
7%c
—1
Preferred
;
20
106
Modern Container common————*
New
Jan
30
1
Mining Corp
■■
Jan
27 %
————.
Mid-Continental Oil
National
44c
45c
2.20
19%
76
Gold—
McWatters
Mosher
Jan
;
-1
Red
Moore
Jan
38c.
65,800/ P; 24C
Jan
' 16,401.
14% Jan
18%
■V; *.il
McMarmac
New
98c
34,700
,
40o
41C
105%
Segur
McLellan
Moneta
Jan
38c
19%
Mclntyre Porcupine Mines.——
McKenzle Red Lake Mines—*.
10c
29
———i—------—100
McDougall
15 %e
4,500
20,300, "
18%
Frontenac;OIL-—
Preferred
1.80
Feb
17
34c
38c
35%oP
—
——
14c
'1.55
1.60
Gold—————1
Martin-McNeely MinesMassey-warris common——i———*
Preferred
20
Marlon Rouyn
,
Jan
1.25
Feb
!
43c
,
./
1
Madsen Red Lake Gold Mines——-1
-
200
1.00
Jan
Jan
31
1.70
t,
MacLeod-Cocxsr.utt Gold Mines,
-
17%
Jan
1.46
!
"
36
'
Jan
3.45
■
i^
Mines
MacDonald
Jan
•
.
,7% c Jan
Pp; 1.55 Jan
Macassai——l.v
■
Royal Bank
Royallte Oil
70c
72C
■—.—
Robertson (P L)—
—————
A ■•■■•■.Preferred - 4.—
Roche Long Lac—-——-*■—
Jan,.
70c
Lynx yellowknife • Gold-^——P;
'■
•
Jan
24
High
'A: 1.85 Jan
29% Feb
-I
——1
—
Jan
20c
-*
——
—
Goldfields Lund ward Gold Mines—--—*.
Jan
22
19% Jan
1,260
1-46 Jan
19c
17 A Jan
15c
Jan
315
,
11;.
15c
'
15c
.
Gold Mines:
Riverside Silk class A
1.10 Jan
—1
Lex In den Gold————
—1
Lingman Lake Gold Mines.—.--——1. ;
Little Long Lac Gold Mines Ltd———•
Loblaw Groceterias; class A—
Louvlcourt
P. Richmac
35c
38c
,-v.
7.50 Jan
Ltd-
Leitch Gold Mines,
Gold
)■ Reno
10,945
f';
6,825
■
1.45
1.50
20,800
—-—-———1
Lebel Oro Mlnea
;
Jan
Jan
28»
15,952
19%
;'/ Low
1.40 Jan
;77c
Jan
1.03
Jan
;
;
IJ 12,800
;.'A 7
Mines*;———
A
8.25
1
—1
—-3
24% Jan
,
5,500
■
1.25 v,v;
1.15
18%
---—
15c 4
31
7.55
——*.
Gold Mines-———*
Lang, & Sons————
Lapa Cadillac -——
——-—
Lapaska Mines ——,—.
—
Laura secord Candy———
.
31
Mines—_—
Lua
1,380
.
10%
1.27
i
-*
Woods common——.,
27%
9.90
Exploration——1
Dufault Mines Ltd.————-1
Fortune- Gold Mines-—-.-*
Shore Mines, Ltd————1
Mining Si
Labrador
24%
90C
Range Since January 1
J,
1
Regcourt Gold
'
25
1.80
85c
Reeves-Macdonald
55q■
,
of Prices
Shares
1.75
——-
Quinte Milk Products
•
tor Week
Hlah
Gold-i-A-*—J. •
Quemont Mining
Range
:■
Low
Quebec Manibou u-i—"
Queenston Gold Mines*—-1
Jan
2.30 Jan
33,6Jan
•"Quebec -
Sales
Week's
:
Par
mgh.
,
.
17 A
850
1.90
1.90
—-
——
•P
85c
——--.-..----i-
Kerr Lake
17,500.
29
v.-.riv. 27
of Canada—--.
Kelvinator Co
Kerr-Addison -Gold Mines—l..-
-Lorn.
32c
STOCKS—
Range Since January 1
High
26c
26c
>
Mining
Kayrand
i'" frlday
;.;.A Last A ';:l
Sals Price A
ferWeek
of Prices
Sale Price
^
STOCKS—
Range
!
-v?
FEBRUARY 8
Sales
Week's
Friday
22%
■'•A'A;PA'AAA'7?:'i;
Canadian' Funds
k rioay
Week's
f ,'Last "A/ r ^ Range
'•
:;VP.'7;:v
Sales
for Week:
{'
STOCKS—
Jan
Sale Price
<
of Prices
Shares
'
•A 3.45 Jan
15%
Jan
22%c Feb
14 >/e
Feb
52V4 Jan
RangeSiince January 1 P
'
Andian National
Asbestos Corp-.
Atlas
Steel-—
Beath
class-A—
——*•
-*————*
r
————
—-——*
'
-
■
23
23
32%-' 32% 34%
62
60%
62
-—
21
21
—
;
.,
-
*
i
80
21
(
High
23
; -
Jan
35 .'
Jan
Feb
Jan
Jan
62
17% Jan
A 21
58%
.
- -
Jan
A 31 %, Jan: ;
850
230
100
:Loip,
,
Volume 163
(THE COMMERCIAL & FINANCE oitSONICLE
Number 4463
811
CANADIAN LISTED MARKETS
V'Ml
Friday
Last
.
Week's
.
ru
'Range
for Week
of prices
Sale Price
STOCKS—
British Columbia Pulp St Paper com__*
.63
62
k 7
7
Z7%
94
90
•
22
.
■!
preferred:
'<
Bruck
—— ———
1
^--Xz^XX-X-^XX*00 Z
<
Canada
Coast
Z 3.55
Lumber——2
/
—5 ;
ConGOirdatedPaperi.*--**i-*—*-,M--**
Copper
——__—;—,
Consolidated Press A
Dalhousie
Disher
—-X—iXx?
/./..&/
Pend
f *+ M
Preferred
■
■
25
"40c
Jan
85c
Jan
:.-4
Jan
4
•
3o
4:
Jan
20
Jan
Labatt
-.p.*
4,100
48
49%
5%c
4.70
rgf
,/
5.00
'
.109
•
Lake of the Woods Milling common.—*
Lang & Sons Ltd John A—
—
Laura Secord —_——"
3
Jan
Jan
Lindsay (C. W.)
M
* 2.15
28c
.v.'1!-1:..''''ii
'Jan.
39
53% Jan'
435:'./Jan;
Jan
Feb
23
Jan
Jan
7c
Feb
1.27
Jan
2.56
Feb
Moison's Breweries.,
Montreal Cottons
'
Jan^
2.70
5.00
Jan
20
,404
'
Feb
21%
.
Jan
•
22C
17,100
i
.5
'
•
33c
Feb
19c
3% Jan
Atlantic Sugar common—*
5% preferred
Acme alow Works Ud com
;.:V6
preferredJ^-u«tiy./;,«.*-..lO0'
Shoe
Preferred
17
10
20
30
116
24"
,24
152
231
107,T 107
—•
24
Bell
Telephone
Bralorne
—
*
B
«wt
W A#ni»aii iw>*^ <*'<» «e
''55'"
116
Jan
26
Feb
Jan
152
Feb
106
Jan
107
Jan
20
; 56
-5
Feb
Jan
2
31%
20
Jan
——-*
Canada Northern Power
21
190
23
181%
869
.
765
18
22
31
22
30
31
2,220
144
Corpii-^ii.iw*
V 29
144
■
•
.31
.
23%
Jan
Jan
31
;
/Feb
24%
Feb
Jan
19
144
Feb
20% Jan
' "
14%
*>,
26% Jan '■:/
12
Jan
18% lan
22% Jan
51% Feb
27%
Feb
Feb
/■'•
Canadian Car & Foundry .common
Preferred
——25
19
19
3,275
*18: ' Jan
20% Jan
Canadian Celanese common—.———*
i7%
66
42.
42
.42
23
23
37
37
"
47%
Jan
5,282
33%
Jan
59%
Jan
67% Feb
1,765
40%
Jan
42
;'i 25
23 /
Jan /
,
mt
16
,
Canadian Foreign Investment—
Canadian tnd
Class
.
,
53
53
18%
21
15%
'15%;
91
89%
43%
43
Ci^wn Cork & (Seal Co—r—*
Davis Leather Co Ltd class A
'
fylftSS M'
—————W
Distillers Seagrams
Preferred
23
Flour Mills
\V'X/>•'
-
Zellers
56%
.
&
Steel
*
6%
Ltd
Dominion Glass common-
100
179%
25
"15%
Dominion Steel A; Coal class B
Dominion Stores LtdDominion Tar
IX:/
Jan
^5 Chemical common—.*
100
common
Dominion
22
Jan
18%
Jan
17%
Jan
15% Feb
/ Jan
21% Jan
17%
■
Jan
78
30
-
Jan
'
;
■■
••
East
Kootenay
Electrolux
Power—
*
Jan
••
50
170
18%
601
Corporationu-i-i|^.i.»*>:*i 1
'VZ-
Pro.ducts-„C^i--;-*
Electric class A
—
m.'XvX'
'j/'t
—
Jan
15
;
Canadienne
Power
Gatineau
5%
common——
•
42
15
1,745
13% Jan
15%
preferred —-———100
10
10%
Jan
11%
379
31%
Jan
37%
Feb
37%
^
-"
8,528
16%
Jan
^
Jan
13% Jan
775
27 /:
21%
Jan
3,550
1,025
1,030
25'/
Jan
24
110%
95%
109% Jan ;
,790 / Jan
5'
16%
165
Jan
14
Jan
100
V!
20
i
45c
Feb
300
45c
19
Jan
Nova
Goodyear, Tire pfd inc 1927—
Gurd
(Charles)
•
50
33%
bridge
—
1
17
180
16%
85
Bay Mining-—.i-————-—*„;
.•*-
For
footnotes see page 813.
«
:'//
Jan
32
Feb
29
75
29
\
Feb
•""-''45
Feb
/
.
18% Jan
20 Z Feb
14% Jan.//,. 16 -y Jan
Jan
16
'.Jan
'
.
.
370
10,130
79
•
13
534
<
Jan
25
2,775
20
Z
Jan
9,575
8%
Jan
5
10
k
10%
74%
Jan
"77Jan
77
22%
22%
86
Feb
10%
Feb
30
25%
r***
127%
Jan
22%
27
295
Jan
30 /Feb
Jan
Jan
Feb
,25% Feb
Z770
24
17
1,435
15% Jan
99% 100
Z 154
95
Jan
100
35
24%
,16%
*
Z17%
Jan
Feb
Jan
34
Jan
28
29
145
28
Jan
29
28%
29%
300
28% Feb
30
200
16%
35 '
35
——*
*.*7r*—**25
Feb
22%
80
29%
.
114
411
Z
124
114
114
50
,
Feb
,
Jan
.
20% 20%
22/Z22%j
29% 29%
****—10
34%
185
24
24%
3,053
49%
$20,000
10
——
Jan
29'A
',
.
Feb
25
Jan
;
35
33% Jan
20
Feb
22%
Feb
21%
2,720
34%
—10;
Scotia
29%
140:
25
20% Feb
Jan
19% Jan
1,140
24%
Canadian Funds
Last
Jan
-
24% Feb
Jan
Feb
49%
49% Feb
v
i
/24// Feb
32%
112 %
95%
16%
Feb
.
U 45c Feb
g/20%^ Feb
108
Jan
13%
34
Feb ;
105%
-
55
•
:
22
>
106
' 55
^
100,
5,360
35
.
/.
.
,
15
5
9
-
3,175
Jan
98%
180
cumulative preferred—
Brandram
■
;/'tj:
4
110
H.
19%
108%
Brown Compapy
110% Feb;
106
Jan
Jan'
22,'
106
53
Jan
Feb
/ Jan
9% Jan
Jan
./17% Feb
14%
4,020
9%
Jan
12% Feb
33
>
2,175
/: 30%
Jan
33
110% 110%
44%
45%
20
110
37%
50
62
64
Jan
Feb
112% Jan
Jan
45% Feb
■
Canadian Dredge & Dock Co Ltd
Canadian Food products-—-r—--Canadian Gpneral Investments Ltd
Canadian Industries Ltd class B—.
fl%
preferred———-rr
Canadian Int'l Inv Trust Ltd——
Jan
182
6% Jan
50
172
7 Z 7%
Jan
Z 15
13
Jan
38
Jan
f59
Jan
/ 65
45
Z
172
Feb
172
14,038
,.
,
-6% Jan
330
ZjB6
107
107
25
107
28%
61
29%
1,090
i61
65
110
40
80
:
61
10O
.100
40
I
25% Jan
57% Jan
;
iZZl'Z-.--
28%
14
.
'■
17.
192
*
/■
7
.
Feb
29%
25
300
12% Jan
18
240
15% Jan
195
190
9
3
1,245
Z Jan
176
Jan
163
■
Jan
r
Jan*
Feb
Z
200
;.'/
Feb
40
Jan
<
Feb
62%
110
29
14%
,176-/180
TOO
;
Feb
29%
i
Jan
7% Jan
92% .Feb
Jan
4Q,
,
.
107
Feb
109
50
f,
Jan
.
Feb
Feb
50
92%
-Jan//
28% jan
26%« Jan
90%
92%
•
Jan
Z'
14%
305
X
;
Feb
7
10
V
/';>.• ■>-224':
172
Canada North F Corp Ltd 7% pfd-Canada Packers class A X X X X mm* m at
*
177
200
43%
corawQh——•»•»•»<---1
100% Jan
1,013
1,097
■
Jan
Jan
663
7
15
High
Jan
93
646
14%
26%: 27%
,100
/ 55
/
9
Z7
8,482
.2,050
5
14%
--100
Calgary Power Co Ltd 6<&,.pfd***.
*
8s Dominion Sugar—
—*
Canada Malting Co Ltd—
lan
9
•,
26%
Canada
Feb
100
182
Ltd coco—9
Preferred •-*-*«;--«*—..
Jan
Jan
■
Jap
Jan
Preferred
9
Lots
•
Hiah
15
14%
Range Since January 1
Shares
6%
*
—•*
«
&
Brit Colum Pulp 8s Paper
/
16%
Ltd cl B
Henderson-—
Distillers of Van Ltd-—5
British American Oil Co Ltd———*
British Columbia Packers •••Ltd.——*-*'•
Brewers
i
12%
835
99
181
6%
Bathurst Pow 8s Pap Co
;
Jan
14% Jan
1,215
16%
8%
..
M
Feb,
1&A-,if Jan:
28%
230
v
8%
*
-100
(7% preferred ,r*_****--**--M.*-*lOO
g;
Jan
169 "/ Feb
Low
Par
AbltibI Power & Paper common
Peb//
Sale*
for Week
of Prices
Sale Price
STOCKS-*
,
'
Week's
$ 'Range
Feb
32
-
29
37% Jan
77 Z
*
kk
Jan
11%
32
365
280
.
Montreal Curb Market
35
Jan
10% Jan
100
'
;.■?■ •;/
16%; 17%*
—j•
Howard Smith Paper common—-—*
Preferred
*100.
Hudson
20
9.;
Gypsuni; Lime -/Jt Alabastine——»«#
Hamilton
,
V ; 23 w Feb
32
Mpniu^al.|,owe|'yNOtesi.
14% Jan
75
.13
106"
common-—
94,,., Jan
% Jan
45
Bonds—
•
31
1,090-
33
110% 11.0%
r
Feb
21
.
29
'
1,070
169
15
175 /
2,570
180
108
22
89
Z
36%- Jan :
39
Jan r
43
Jan
s
16%
;x'xVz/''X-
416
6,184
V
■
ZZ
32
-•
Jan
11
11
32%
preferred ——-——100
5%%
36% Jan
■
"kk\/'• 'fj~'iV-'' "'-v'?/-/-.'s■
Rpyal ,^*i*X
/
"
General Steel Wares common—-——)*
Preferred
i---_-I-_-__100
Jan
39
19%
45% Jan
1,204
12%
16%
Jan
Jan
33
Jan
13%
44%
14%
32%
Ca.nad^__———
Jan
9%
8
871
;;
Jan
119
31
Clasp B --C———^wJ_—*
105%
103%. Jan
,
18% Jan
,
/
*
Foundation Co ;of
z
100
34
39
Feb
2,090
9%
8%
32%
Feb
; Jan
20%: Jan
,
Jan
114
,20
m—}V:iy'i
95
105
105
9
17%
Feb
21
17% Jan
19% Jan
;
Jan
17%
;
Jan
Jan
45c
•''jZvi-'
Jan
Jan
31% Feb
29%
Jan
15%
—X >-i«
Enamel & Heating
Englislx
X
15%
17%
61
102
.
'
100
169
'
:
Feb :
Jan
43% Feb
119
94%
16
1,600
20%
Commerce
18% Jan
mm Feb
90
110
Preforredi.—i--»V,--.100
Dryden papjer
Jan
23
33%
:
Jan
20
.
39% Feb
24% Jan
41% Jan
48
7 Jan
180
25
95
Textile cpmmonr^^-*^ii—*
100%
855
_—*_*■
Imperial
2,005
15#i
:iio,/
365
.
21
f /'Montreal
940
23 /;
Preferred
,
:
20
20%
y" """"
—^—*—->—**i..**lu:.e
Banks
53
Ill
179.
25%
:
17%
common
preferred
Jan
119
37
37%
59%
17%
Friday;
Foundries
Dominion
2,545 " I 15% Jan
:/ 56'A Jan
2,280
17
102
102
'5%' preferred.;X****——*#—***25,
47
14%
.
57
17
■
—
15%
16
102
of Canada com——*
common.^*****M>M.»*
-■
72
:
jan
Jan
•
;
43%
43%
1•/.'
25 I
Dominion Dairies .common—--—j*
*
21%
30
preferred >'**-.**—****.****.***^100.
Feb
640
31%
15 t.
Jan
34% Feb
Jan
.
850
685
86
k• -V-b'•:„
'/ 70
145
23
84
130
1,865
;
Jan
-
103
Jan
33
15%
Feb
35
49%
14%
Doniimon Bridge
Dominion Coal Rreferred^
55
Z
"
.iy.;
119
105
71
16
/ Jan
100
^.— y—
common!—^1^-*
30
Jan
26
Feb"
'8% Feb
v
Jan
32
15%
Feb
4,060
^
30%
————————————————————100
y,
,
„
Jan
50
22%
13%
Jan
7,542
49
49%
■
•
71
.
Power^X*XX»^-'-'f*
29%
645
43%
17%
Mining & Smelting———5
Glass
:
Feb
Jan
32%
,
Jan
102%
;
425,
34%
23%
37
590
16%
39%
24%
18%
91%
23%
23%
Cockshutt Plow m—.1---^*
Consumers
i'-v;
39
B
CanadlanPacificRailway———*-^—25
7%
35
23%
Jan
2,885
18%
Ahsohol common^-^**f
/ 21% Jan
160
91
Jan
275
--*
lol%
23
130
5 '■
' 130
Canadian Locomotive ;^-—
Consolidated
29%
29%
Feb
29
72
,
30% Jan
1,120
2,060
89
:28%
-.35
125
130
Jan
Jan .*
29%
-
»
63% Jan
V1/375;
8%
89
'
<
Feb
■
•Preferred ' —25,
26
[.fa .MiU'
•
0
Canadian Fairbanks preferred——100
32%
Lawrence; Paper, preferred***—100
/';;
/
">36% Feb
1,784
35%
67%
Z
51
,
.
Jan
.26
1,683
7%
XXXjf"1-1
mm—p*tmmm.
.Preferred's-*.-*—X***X*m.*m—'
(Geo) common
———-*
WllsilS
Ltd
*—**XXX.^Xm-*^>.-» ':
Winnipeg Electric common—**-*—*^-*
/
50 %
,
—mm
Weston
/
.22% Jan
Jan
47
20
Feb
46
v
i'l
/Jan /i;
24
210
29
70%
34
Walker Gooderham & Worts com--.--*
.
440
—*
Jan
/
5,700
102%
if
14% Feb
860
35,054
,785
Cottons common—
105
29%
32
-
•»
-
*
Wabasso Cotton
29% Feb ';
10O
603
50%
—
.
*
<,•"1
■
27%
34%
Feb
Jan
50
44% Jan
X 44% Jan
2,052
'
25
/—*
■United Steel Corp——
51%
———100
—*
56
32
46
:
Steel Co of Canada common—.——-•
.
Feb
131/'/ Jan
/
49
———7————
Jan
■
13,383
2,115
-
Jan
25
Jan
50
Standard Chemicals common*****-**-*
50%
23%
———
8
30
Lawrence
Southern Canada
23% Jan
50%
.
Jan
22% Jan
31
Southam Press-'Co—
"
Jari
Jan
24
51%
32%
141%
/ 47
100
69
32%
*
Simpsons Ltd class B
—•
common——.——1*
50
Feb
Feb
Feb
/;
*
--—100
Corporation common.-*-*
*—* --^**--X***X50
Sicks' Breweries
Feb
5
Jan
4%
20
14%
21
Feb
Feb
Z 30%
Jan
141
8,231 :
1/1/
28
Power
i Shei wln Williams
30% Jan
23 ' Feb
22%
13
30
:
610
28%
*
—
Shawinigan Water & PowerX
Canadian
Canadian
1,740
1,240
Z-VZ3/
■:
St
Canadian Breweries common—
Preferred
Rights
:
50
St
Jan
29% f
29 •,:
.
14%
.21%
*
19
,143
•
"1,000
539
22 ^ 24%
■'■tk-
Jan ■/'•
19%
20
/:
Jan.
Jan
27% Jan
56
A- preferred
192; / Jan :
18% Feb
:
Jan
.
27
,275
4% '
-15%
Feb
1,140
1,395"
>;
Feb /r
12
'/
Jan->
16%
-v
46
Saguenay Power preferred
35% Jan
26% Jan
29%
:
10
14%
.
3,015
31
Transport
St Lawrence
:
Feb :
ft 22%
Jan
9,417
4%
22
17%
r
^Canada Steamship common---*—
5% preferred
—
Bronze
30% /
32% ,
Rolland Paper common
;
Feb
3%
Jan
1,340
,<
■
12
100% Feb
Jan..
3,886
2,625
22%
'. 24%
{
Feb
Feb
Jan
3%
23% Feb
,
Feb
5
46%
U
———♦
Regent Knitting commons*.-*—*.-*.—"
Quebec
Jan
17%
56
9%
18% V
29
'/
Canada; Cement !commo»i-^^.£i-A
Preferred
Canada Forgings class A
Provincial
Feb
.22%
98%
28
S 30
>
/
'
45
47
_•
Price Bros 8s Co Ltd common-***——*
5 % preferred .——
—100
i,
Jan
130
225
31
*
—
'
31
Jan
14,874
188
22
Dredging
'"•'
'•■4%
mi'
Building Products class A——
Gold
Jan
12
28%
Bruck Silk MUls.
Buiolo
29
115
;;
50
23
—-r-*
British Columbia Pr Corp A_.—
*
Feb
10
20,463
19%
20
24 ./ 24%
-
Power Corp of Canada—
I:
'
180
18%
British Amer Bank Note Co
Class
:
■
••mm~m~m m
Placer Development
River Co.
Feb
400
•18
Jan
22
Jan
31
common—
Powell
Feb
103
20%
20%
& Powaru^U^-*
Brazilian -Trao Light
17
Jan
32%; 34%
..33
•
.
Mines'
■
Jan
14%
100
■
A-—-•
— ——————————100
31%
Jan
100
50
40
——-.—100
——
Feb
56
::i 3;;
Jan
18%
12
31%
preferred——100
Page-Hersey TubesPenmans Ltd common—*—.
Jan
10%
3%
'
Bathurst Power & Paper class
'
24
20
99% 100% \
Warrants
27%
i9% Jan
50
141% 141% /
Steel Products pommon—
*
Ottawa :;Car" Aircraft/*XX*^X^....-*;;
106
56
10%
jan
29
10
28%
;
Ontario
Jan
■
18%
-
M ,v
103
2,345 '
26
"*
0ypi..^iv»«^
75
■
152
150
Feb
25
130
/
17%
69%
*
-
Jan
14%
235
31%
22
; 23%;
19%
.*
Ogiivie Fiour Mills common
Jan
20%
379
30
Jan
43%
"
1
895
103
116
common--———*
-100
Aluminum Co. of Canada pfd,—-.100
Amalgamated Electric Corp—„1—*
Anglo-Can. Tel. Co.., preferred
—50
Argus Corp common-*-i.-i-—*
A¥t% ' convertible preferred——100
Asbestos
/
19%
29%
Range Since January 1
Low
High
:
325
16%
Feb
12% Jan
;
1,555
1,155
12
*
Ottawa Electric Rwys—-——_—*
Ottawa Light, Heat & Power
100
Shares
23%
103
42%
Jan
105
for Week
106
106
16%
Algom»M6teel Jcommqn^w--^^-^
Aluminium' Ltd
'
27%
30%
Murphy JPaint Cp commonX/—
WrW:
Hiah
22%
23
/,
Jan
55%
Jan
Jan
Sales
Week's
Range
of Prices
Low
.
:*!■■■*
Acadia-;And
Agnew-Surpass
J523
27%
.
Feb
/! ?.'•:
—
Montreal Telegraph
Montreal'Tramways
Funds
Sale Price
STOCKS-
50
10
Montreal Light Heat & Power Cons—*
Feb
28cS Jan
?*
Jan
.2%
Montreal Stock Exckange
.
,
•
'■'■■'k
23
Niagara Wire Weaving—.
Noranda Mine3 Ltd
Canadian
23% Jan
460
>21
preferred- -u—-X—■:
National Steel Car Corp/.A-^XXXi-*
Friday
:'. Last
Jan
104
/0/ 81
y
Mr
Feb
53% Jan
133% Jan,
Jan ' /
47%
130
215
14%
Feb
Jan
47
Jan
109-
Jan:
26C
-
31%
*
4/*w.i...*
McCpll-Frontenac Oil
Mitchell (Robert)
K
100
19C
*,;>
MacKinnon Structural Steel com
Mas8ey-Harris —1„
—*.r
18%
500
2%
'
19
22%
.
1
11,405
42%
26
—*••:•
common—
^
4%c
25
2%
tlX
51
* '
/:
—
Feb
"
.•
(John)
National Breweries
i
24%
Feb
35
17% Jan
33
Jan
40% Jan
45
14%
Public Serv Ltd com———*
.
'
*
/
Feb
36%
,
Jan
15%
■
'
Jan
100
28c
Stop # Shop!
i-.A.,X-X-X——U—-/
Temisxamwg Mining—————1
;
>
42%
:
95
127%
s-
10:990-
...
21
>
Jamaica
"
109
21
49%
130
50
15
45
i-'48-«: Jan
414,240
J
109
510
250
3,749
'5,915
.
,
104% 104%
Jan
'
'
•
47
23%
50
Jan
-14,000
-
2.56
4.60
,
21 :
'
7c
1.65
i1 V;C ^
2.20
'
23%
.1.75
'f
J40
10,905
23
•
22%
./I
34
130
<
92
2,065
132
■
;
*4'*-«-585«ifl :S235/b Jan?
36%
-
21
45%
47%
46%
Jan
20
17%
Jan
Jan
2.15
I
32%
—100
International Utilities Corp
Jan
55
:Z 1.75
ZZ 32
36%,
I
Jan
Jan
—*—100
Preferred
;/
21
#// 515 ;///'■ 41%
.„—*
.
Feb
-95
21%
XlOOb
Squthmount Investors*
1
18%
44%
129%
—1
**XXXXjX
/ Jan
16
43%
• :
'
Jan
z,Z;/ 200
130
•
X^XXXxX/XXXx*X
Oreille
4.00
•
15%
1,795
2,305
13%
36
International Petroleum (Co Ltd—/—*
International Power common-——*
Z Jan
60
-2.10 Jan
18%
/ 22%
Reliance Grain ,eommonXXX.XxXX*-;
•-:
/•
Feb
3.80
Jan
-
8,677
Paper common———15
——
High
16%
15%
34
i;
Low
.
16%
15%
_
Preferred
/ Range Since January!
High
16%
International Nickel of Canada com—*
International
Shares
15%
International Bronze common——*
Jan
Low
; ■
for Week
,
65c
•
-''
-94%
49%
Preferred. -, **XXX-XX~^*wX*.«.lQO,'
Paper. m.?*mmmmmm9 ■.
X^ X'*"». J* 1*" X ^
——_—_ m mt
24
■:
4
I
1.95
-
Hayes Sfcjeei
w»XXX*»jX««riii» »»«>»XX^.>?j
International Paper common—!
—15
Osisko Lake
® 12,550
B
25.
k 2,395
V• ■??* .•
•
57
.
:/- 950
.-50c
95
«
X X X-X-» — — mXmX —
Minnesota & Ontario
Oil Selections
-35
'60
;r.r
/43%
;,Pridge^r»—7^™*-—^—.|ii:*::
Foothills Oil & Gas
%
3.80
3.00
is %
bomi^ion textiles' ,commont,fc,-.t21—s!**
Jan
-
16% Jan
Jan
z.5 ■
14% Jan
'"*% Feb1
36,048 vt;*$K9& -/Jan ■'
60
-i
*—*
29
.235*
..
17%: 18%
60c
23%
Jan
3,425
; '
•2.75
24
——.*»*_—**•
_;
ii'vV.
■
"
3.40
|
■:«
—
2.85
s—
Steel——
-
Dominion
v
5
17%
preferred? XZyX;;X-XX*-X-—rX*.
%•*
16
•4'A
-Westinghouse X^—X-4-X**:*; gZ
Canadian
;
is %
-16
.
Jan1
3T%
Feb
Preferred
*.
Canadian-Western
-
,160
,
Jan
imperial Tobacco of Canada compron-5
Industrial Acceptance Corp com
.
Sales
;
Range
of Prices
,
•' *
imperial .Oil Ltd—.
jari
7%
94
20
40
29
•
,v-:
-'Vinegars'z..sX*XiX
**-**.*l**i.i ''
Canadian Marconi
'
22
KiitS
Sugar—
Par
Jan;
'
84
706
94
65
-6% Jan,
7: Week's
.
y
Sale Price1
High
Jan
58
28%
.
Dominion
&
800
3,803
<
•«"%
Silk
Canada
Last
;/ifW^Wl8TOCKS^/
Range Since January 1
Low
63%
Brown Co
common—
Friday.
Shares
HfcX
Low
Par
range foe week ending.February 8 -j--'
Sales
4% Jan
Jan
14%
•:
Jan
18
Feb
•
199
Jan
Z
180
Feb
9
Feb
THE COMMERCIAL & FINANCIAL' CHRONICLE
CANADIAN
v
Week's
s Range
Friday
Last
8
Friday
' for Week
■
y'/'LasUiU'.
Sale Price
Range Since January 1
Shares
High
Low
••
■
LISTED MARKETS
.RANGE FOE WEEK ENDING FEBRUARY
Sales
>
Sale Pricey, of Prices
STOCKS—
Low
■
High
Company——,
—C--———-^i.—;
Pap Inv Ltd com:
preferred —:——
Canadian Marconi
■
Vickers
Ltd
Athona
Co——.
Westinghouse Co Ltd
Products Ltd common.
^Beatrice
M.J.I
20,400
'7cy Jan
.
69c
33c
■
9,000
;■
4,100 (;
1,800
■:■;
•
.
Jan
' Jan
Jan
l,25.»Jan
62c
Mines Ltd—
Central Cadillac Gold
Alcohols Ltd common-
Preferred
Ltd-2
Cartier-Malartic Gold Mines
com
Commercial
Ltd—
Mines
Gold
Bouscadillac
Adv
Mines Ltd
Bonville Gold
Chateau-Gai Wines Ltd———-L-—.
General
Lake ; Gold
Red
Beaucourt Gold Mines—
5f;t- -preferred
Neon
18,600
«*!-"f &+
Aumague Gold Mines Ltd——
Food
Claude
v
,w—
Canadian Western Lumber
Canadian
Catelli
—to**** j- —
m
Aubelle Mines Ltd——
common
preferred
7r/t-
Range Since January I
LOW
Quebec Mines Ltd-—-—Mines (193?) Ltd
Astoria
Pow
Canadian
> •:
Week's • •
Sales • Range, -v,:,for Week
Prices'
Shares
of
.
-
Ltd.
Mines
Arno
Canadian Oils'
5%
y
y,.yy■:' low • High
Mining- Stocks
Canadian
Monday, February 11, 1946
_
Mines—
Gold
Patricia
Central
Gold Mines—
Mining———————-
Centremaque
COurrior
Consolidated Dlv Sec class A——*
Preferred———,—2.50
:
'
Engineering Wortcs Ltd—*
& Linoleum Co. Ltd——*
Duaunibn
Found Lake Gold—
taircniid Aircraft
:
Halifax
•
Insurance
.
J-M Consolidated Gold
St John
Lake
Ltd A
*
";-;y
Macdonald
•
40
4iy4
1Maple Leaf Milling Co Ltd common—•
116
Massey-HaTris Co Ltd S% pfd——^100
29
17 '/'a
30
/
'
*
'
McColKFrontenaC
"i
i
;
Minnesota
■
Nuclear Enterprises, Ltd
•;.; Pa ton Manufacturing Co;
1.57
.1.75
27c
,
29c
3.30
3.40
j;
28c 28 %C
pinnitrans Exploration (f—*—)—
Cadallic Gold Mines Ltd-.
Pandora
'—
p-—:
Gold Mines Ltd—
22
23%
Perron
16%
Pioneer Gold Mines of B
100
—*
•
10
10
Quebec
85
85
Red Crest Gold Mines Ltd
common
Pitt
Mines:.———,—*——
Gold
Yellowknife
——
Mines
Gold
N C part 2d pfd_,_50
53%
53%
46
13
14
11
Jan
Sherritt-Gordon
——-
Jan
commorii.i-10
Purity Flour, Mill's Cb Ltd
Mines
Ltd
51
Feb.
Rlscoe
red pfd—100
39
40
37
Jan
Sladen-Malartic Mines Ltd
{V; Reliance Grain Co Ltd preferred——*
i
faarftia Bridge Co, Ltd
—
*
■■' Southern Canada Pr 6 % * pfd
1100
108
I 108
106
Jan
Stadacona, Mines,
11%
11%
11
Jan
115^
Jan
Standard Gold:
Janf'
Stecloy
\'t
Quebec Pulp & Paper 7%
'•
It *
-
S: ". ,6^2 %
e
i
Woods
1944; Ltd35C
Mines-——
35%
Feb
rtullivan Cons
Jan 1
Vlllbona .Gold Mines—i..
Jan-;i
Wasa
Mines Ltd
37c
3.00
14
;•
36c
34%c
CoUP-—
Mining
3.20
25C
30c
1.52
Lake Gold Mines,-—
1.52
*
United Distillers, of Canada Ltd
Hotel
Mines Ltd—.
15
15
15
35%
Gold
30
15
common—1-1—11^-*
*
Oil Stock*
1-1—100
United Securities" Ltd-—1.
Westeel Products Corp Ltd
Windsor
26
28
15
1st preferred^.-—:—
United Corporations class B
•
27
B—1_1—1——1—-111——1£,
Thrift Stores Ltd
j>
116% 116%
Stowell Screw Co Ltd class A—____—?
Class
51
51
■40,
Preferred
15
,
r\ '
10%
17%
Rochette
-■
'
'
-
100
.
?>
y-'y
/
Gold Mines Ltd
O 'Brien
•
)}.•:; Power Corp 6%
V:';
15%
Scotia Light & Power Co
Nova
.
Ltd—*
& Ontario-Paper Co———5
Royal Hotel Co Ltd—
Mount
.
'
*
10%
16%
,.',v
'V V
Mines Ltd—
Norseman Mines
105 105 i/a
pfd—-100
Oil- 6%
Afelchers- Distilleries Ltd common—*
" Preferred —————————-10
1i
;
Mclntyre-Porcupine Mines Ltd--.—
Mining Corp of Canada Ltd——.
Normetal Mining Corp Ltd—
*
—
Mme«
Snore
Cadillac Gold Mines Ltd——.
Lingman Lake Gold Mines Ltd—>—.
Lingside Gold Mlnesi-——-.ii—.
Little Long Lac Gold Mines Ltd
Ottawa Ltd-*
MacLaren.PowerJsPaperCo--—
;
Lrt—.
Lapa
Paper & Power'—i——•
Inc———
1
Ltd-
y. Lowney Co
i
Explor Co Ltd.
Labrador Mining &
(Alfred)
Lambert
Mines Ltd———.
Joliet-Quebec
*
Corp
(Can)
Journal Publishing Co. of
Lake
Mines Ltd..
Lake Mines—————.
Jack
10
Co—
International Paints
■
Mines Ltd—-
Lake
Indian
"
_——
Hydro-Electric Securities
if
—■
Hollinger Consolidated Gold-
red pfd—_100
*
Godfrey Realty Corp,—
*—•
Companies
Mines—
Graham-Bousquct Gold
Heva Cadillac Mines
Ltd new com—*
Ltd——-------5:
Foreign Power Sec 6%
eraser
—
Ltd-&>
Goioora Mines
Federal Grain Co class A—
.*
Fleet Aircraft Ltd———
Ford Motor Co of Canada class A—*
•
——
Mines——
Goldbeam
Eastern Steel Products
;
.
Ltd—
Formaque Gold Mines
*
Woollens —-----—
Donnacona Paper Co Ltd——,—•
y yDominion'
■
—
Ltd———r—
(1945) Ltd
Fontana Mines
Oilcloth
i:; Dominion Square Corp„
Mines—
Gold
Eldona Gold Mines
A——*
David & Frere Limitee class
Dom
Elder
Ltd
Mines—~—
Sullivan
East
——•
Corp Ltd
Aircraft
Mines
Donalda
Consolidated Pa tier Corp Ltd—.—*
Cub
Mines Ltd—i———
Dome
■
Some Oil Co Ltd—
—*
:
Ltd—
Homestead Oil it Gas Ltd.
* '
Pacalta
Manufacturing Co__
Oils Co Ltd.
RoyaUtfe; OUv.Coj;Ltd----^:
Transactions at the New York
Transactions at the New York Stock Exchange
Daily, Weekly and Yearly
Daily, Weekly and Yearly
Number
Week Ended Feb, 8,194$
of
Shares
Bonds-
•
Foreign
and Miscel.
Bond*
Bonds
$174,000
224,600
199,000
308,000
257,000
211,000
$23,500
54,100
162,000
22,500
29,500
11,000
$2,492,500
5,564,700
6,463,600
7,299,500
5,174,500
6,973,000
$302,600
$33,967,800
- •
Saturday.
997,030
$2,295,000
Monday..
1,660,995
5,286,000
Tuesday
1,674,210
Wednesday.
1,753,200
Thursday-
1,487,470
Friday
1,255,780
6,102,600
6,969,000
4,888,000
6,751,000
8,828,715
$32,291,600
Total—
? locks
United States Total
Government Bond
Railroad
Stocks,
"
•
-
$1,373,600
■Of
Sales
Week Ended Feb.
.
Stocks—No. of shares
8,828,715
Bonds
<
1,373,600 ;
5,617,775
.
6,000
70,000
43,000
5,000
1,000
388,000
358,000
$251,000
$35,000
$2,048,000
1945
1946
32,291,600 ;(/
Bonds
Foreign government.
46,377,000
.§
2,849,301
Domestic.
3,626,000
$50,082,500
Foreign corporate-)-!
Total-.——.
Stock And Bond Averages
;
Below are the daily closing averages of representative stocks and bondt
listed
on
the New York Stock Exchange as
Stocks
—
compiled by Dow, Jones & Co.
10
11
Indue*
Data— y
Rail-
Utlll-
'
trial*
roads
tie*
Total
?
u
30
•
206.97
68.18
205.84
67.59
41.2a"/
206.61
205.09
February 8-
204.38
>
68.23
\
67.44
v;;
205.48-
February 7.
'
67.54
-fv 66.93
f
41.32'/
.-
40.44
Indue-
Grade
•
trials;-
V
-
-
:
106.46
106.50
118.39
106.44
118.37
118.63
76.89' *
119.04
77.64' *
/y"76.52
:
106.54
' 106.56
119.20
Rails
102.23
118.11
77.24'
-
•
■
102.27
102.55
# UtUly
>
ties /
109.97
100 .133
—
Central Hanover Barik is Trust
Total
s
•
-
•
40
Bonds
.109.20
110.02
109.30
110.11' -109.37
102.69 y, 110,19
110.19
103.04 ." 110.14
I 102.91
**%
Brooklyn Trust
—
Second ; i 10
Grade
1
Ralls
'
100 ; 450
10
53%
Bank of New Yora-
10
First
77.01" ' 106.48
•
40.76 :
40.54
%
1
Stocks
41.71
February 4.
February 6.
65
10'
77.80
February 2'.
February 5-
}
Co.—Id
Bankers .Trust
Bonds
—
20
•
Sink of the Manhattan
'• 109.50
109.67
109.73
Chase
National
Bank——
Chemical Bank is Trust—:
20 117 '/a
15 "• '43%
10
50
Commercial National Bank is
Trust
Co
Cdntlnent&l
& Trust
Corn Exchange Bank &
Empire Trust
Fiduciary Trust
First National
,
20
——
Bank
10
Trust_20
50
—
Bank
.48%
22
63%
125
41
Ida 1,925
Fulton'
Grace
-
100
*00
Trust
National
——IOC
Irust
10
County Trusts-—
:100
Guaranty Trust
Irving
Kings
—
—
———25
com__20
.—100
National City Bank—.-.—12%
New York Trust——
—25
Puhltc Nat'l Bank is Trust—17%
Lawyers Trust—
Manufactures Trust Co
Morgan
Sterling
Total
$258,000
285.000
332,000
427,000
30,000
82,000
5,617,*775
Stocks—^No. of shares.
$79,500
$33,967,800
Total
$1,762,000
934,430
1,140,555
,
Foreign
Corporate
$5,000
18,000
Week Ended Feb. 8
7,461,020
$302,600
Foreign—
$14,000
9,000
'807.365
830,025
Foreign
Government
$239,000
258,000
302.000
339,000
313,000
311,000
„
1,162,965
—-
'
V. El. Government——
Railroad it Industrial
742,435
Saturday-Monday-u—~
Tuesday—
«
Wednesday-—-——-—
Thursday
—
Friday—
—————
.Total-.-—.
Domestic
Shares)
8,1946
1945
1946
Bonds <Par Value)
{Number
Week Ended Feb. 8
,
Curb Exchange
(J P) is Co Inc
National—
—
Trust——12
Trust————.100
rule Guarantee is
United States
THE COMMERCIAL & FINANCIAL CHRONICLE
Volumes!63 J Number 4463
®3
OVER-THE-COUNTER MARKETS
'
'V:'
Quotations foij .Friday,, February ,8
For Quotations on Real Eslale Bonds
Specialists;
in
■.
■
?:S ://■?":/ ://w:
Shaskan & Co.
OVER-THE-COUNTER SECURITIES
Members New York Stock Exchange
Members New York Curb
Exchange
Firm Trading Markets
250
40
ISSUES
ACTIVE
Co.
&
Direct Wires id
CHICAGO
—
Bell
Teletype NT 1-953
2-8700
Tele. NY 1-1287 & 1-1288
REctor
Phone:
Members New York Security Dealers
1920
Established
Exchange Place, New York 5, N. Y.
Tel: DIghy 4-4950
120 Broadway, New York
Ward
•
Association
Reorganization Raits
PHILADELPHIA
(When, as and If issued)
i*C£
Bid
Chic
Investing Companies
10.37
Aeronautical eecuritlei.
Affiliated Fund Inc
IVt
—
American Business Shares—1 j
American Foreign Invest.ing.10c
Standard Oil shares—
12.19 /
:
K-1.
:
Series
K^2—
40.98
of
33.66
32.63
84
18.72
16.42
18.06
8-4
8.78
9.74
7.70
8.52
123.97
111.79
25.19
27.09
8
1
43.80
25.69
4.40
5.10
Mass
Investors
Century Shares Trust—..— ...• ^ 36.48
39.23
Mass
Investors
15.11
Mutual
39
89
41
78
76
• —...i—
.
St Louis & San Francisco conJ.L
102 V2
Preferred
101
27%
29%
64
—
66
'
103
57.50
.
> 91%
89Vz
47.3u
23.45
Vw Preferred.
Grande
126.50
56.35
Fond—
Fund—*
Second Fund—10
107.32
.8
com—
.57
87
,
■
50-year 4s
Income 75-year 4%s
.55'•>•/'
—*•
—100
—
87
.
100%
1st
& Pacific-
—
preferred
Denver & Rio
:
85
5%
.
103%
^
Grande—
4%s
St Louis & San Francisco—
—
America.——
Rio
Common
1
:
-107
I01>/a
.——..2018
1st 3-4s income—————1993
20.59
S-3
&
Income
..2019
\
'
"
105
island
Chicago "Rock
86
Ask
:
■
1031
;. W&
.—-——1994
income 4yas
Denver
i 35.81
S-2—...
Series
44.06
Conv
.
Series
Series 8-1—
s
/•/
Knickerbocker
Inv
24.35
Series
13.22
21.38
19.88
22.20
——
13.11
30.60
Series
S* 8%-
v,
1
:2003
1st 4s-.—
,
11.95
b-i——
;;
5.70
-
bones
7.76
r
5.20
Assoc'ted
Axe-Hough ton Fund Inc
Axe Houghton Fund B-*.—
11.38
7.10
::
(Cont
•'
101
Chicago Rock Island & Pacific—
Keystone Custodian Funds
"
"
—1983
2nd 4%s
Ask
Bid
,<■>Mutual Eunde—
Bond
1st 4s '..y
'Bid'Ask
Fa»
Indianapolis & Louisville—
Boston
Tr
Fund Inc—
Broad Street Invest Co Inc
Fund Ltd.
Bullock
Loomis Sayles Mutual
Loomis Sayles
Manhattan Bond Fund Inc—
1 9.51 i
10.45
—1
31.15
33.49
2d Fund———1
Fund Inc.....10
16.63
17.88
———.106
Common
Canadian Inv Fund Ltd—.
...1
Chemical Fund——.
13.97
v
Christiana Securities com— .100 3.170
100
Preferred
-
1
Commonwealth Invest—
153
6.85
;
Insurance Companies
17.74
Nation-Wide Securities—
3,270
147
Invest
Trust—
15.87
National Investors Corp.—i—I
7.45
17.03
12.29
Balanced shares
',
13.29
■
Security Series—
National
23.94
Dividend
25.88
1.80
Delaware Fund-
1.98
Shares
Bond
"•/
27.46
-
29.36
17.33
Eaton & Howard—
'18.53
>
Balanced Fund—•«««&
Stock Fund
1
28.81
Selected series
9.71
Stock
series
New
New
American
/American
6.77;
•:
8.79
14.58
stock
11.25
>
10.61
12.36
9.71
10.76
$ Building shares
B Chemical shares.—
16.13
Diversified
/
8.17
6.84
shares—
9.38
Insurance
;
Machinery
7.52
9.81
18.81
Connecticut General Life.
13.39
12.74
13.99
Contiueutal Casualty—,—;
Crum & Forster Inc.—
10.96
*
——1•
;i0
13.30
■
9.69
Employees Group.
Employers Reinsurance
45%
47%
66%
Federal
69%
n ;
R ai Irp&d
11.92
13.09
Railroad equipment
11.53
12.67
Fire Assn of Pbila
10.61j
11.65
Steel
10.11
11.U
Firemen's Fd of San Fran—..10
11.27
12.38
Mining shares...
6.97
Petroleum
7.67
Petroleum shares..
7.19
7.91
Railroad Bond shares.;
4.00
..4.41
RR
Equipment shares
stock
Railroad
6.75.
is
fund.
1
1
Putnam
8.11
7.53
18
Trading,.—*;.— '
Republic Invest Fund
7.42
7.43
/6,85
shares
vGeoi
Qcudder, Stevens si Clark
Fund, Incl
Selected Amer Shares..
>
17.46
v 5.15
18.77
—
Tobacco, shares— ............
5.32
Utility shares—
7.34
8.07
:
111.60
8.6.8
99c
61.25
Common
—lOo
—
?
:
1.92
Trusteed industry Shares——25o
Unions Bond - Fund-series AJUivv' Siries
B..*——-i' '•
"'LOT;
32.07
34.48
1.09
97%,
102
T06
V,...
%
/64%
98%'
/ 14%
.
110%
114%
16%
17%
Revere
25
42%
'45
'
;
Republic
'
K-r
7%
30%
(Texasi...———1Q.
(Paul)
Fire
—.10
St Paul Fire & Marine
42%
Security New Haven—
55Va>.
58
11
12'A
43%
24%
Seuooard Surety. .............. 10
21%
5
&
Rutgers Fire com—!5
preferred
.15
97
American———.—.6
.10
67%
102%
> 15%
•'
26%
.u.'—„
110
'
6
Fire
4
m
:•>/: 9
26%
/
83
57
60
38%
140%
.10
U S Fire...........4
37^
U S Guarantee—
60%
-—..10
,a39%
44%
iisrn
•52%
63%
89%
2,50
Westchester Fire——
132
■
\
32%
36%
,33%
31%
127%.
80
,
9
136
Springfield Fire & Marine—25
Standard Accident—
10 *• 41%
.'/Travelers/ —-——.100 '* 700
C S Fidelity & Guaranty Go—2
50%
101
35%
-
...10
12%;
B
53
»A
25.80
21.87
i'
19%
Hanover
16
;> 25%
Reinsurance Corp'(NY)
72 m
40%
2nd
Great
32.
1.22
25.02
V/ 212
36Vst / 38%
Providence-Washington ..—..10
69
Newark-•
—10
10>
Hartford
Incorporated lnvestor».,L—.81
Co
Phoenix
——10
Preferred Accident—.—..—^8
172
10
—
1.09
64.25
Income Foundation Fund Ine :*
of
202
————12.50
Pacific - Fire_20
w
Globe
16.53
7.92
2.50
___&
Gibraltar Fire & Marine.
lo
Glens Falls Fire.^,—i———8 ;
Globe & Republic
9
115.90
15.16
Soverejgn Investors..—...— 1
Standard Utilities
10c
5.86
—•
2'A
.20
Franklin Fire.—
i/General Reinsurance cerp new
5.66
State Street Investment Corp—
Bteet shares
——
Fidelity & Deposit of Md
Firemen's
'
|
>
;
58%
_10
11.11
.
8 •/■«/■.
7%
■
v;
23.91
'
'
Series
Institutional Securities4 Ltd—
Aviation Group shares
18.82
Bank Group shares
Insurance Group shares——
1.24
17.57
Investment Co of Amerioa
1Q
Investors Fund O
——1
34.35
37.33
17.37
17.76
12.49
26.48
28.95
Wellington Fund^..-..,.^^1
1.37
,
20.74
22.62
Unit Type Trusts—
;
D-
/
V7.95
2,96
•
9.05
3.31
30.25
28.51
20.78
B-3
22.81
106Va
109
104V4
Chic Burl &
Series
,
105%
103
Conn
Lt
&
Quincy 27/bs___1970
Pwr 3s
Page 812
Kaps Okla & Gulf, Ry 3%s_1980
108Y*
i-:'
Federal Land Bank Bonds- \
v
' As|
Bid
Federal Home Loan Banks—i :
; ..2
t
2V«8 Feb. 1, 1955-1953—
I VaS Jan. 1, 1953-1951—.i.—
'
...
Otfierjssves
105%;
105%
U S Conversion 3s:
101
101^
Panama Aanal 3s
^
-:
1947
Figures after decimal
Maturity—
15,
tDec
:
1940————
1946^—
tMar 15 1947——
Bid - Ask
%;100.1
100.2
1%*100.19 ' 100.20
,1%%,
tsept. 15, 1947_————!%%
tSept. 15, 1947^———1%%
tsept. 15. 1948
—1%%
—
.
'
"■
'
:-'r/
V
':v
1087/b
Light 2%s_1975
Western Lt & Tel 3s—i—.1975
105%
106%
105%
104
104%
/
—
'
.
Power &
Texas
Preferred Stocks*— '
.
•
108Va
106 V*
1057/a
Par
Central "Pow. .& Lt 4%———100
/. Monongahela Power 4.40 % —100
Ruppert (Jacob) 4Va%_
.100
Sioux City G & "E 3.90% pfd-100
Union Oil (Cal) $3.75
—•
106%
107%
111%
112%
108
109
i.
105%
106%
106
100%
m Bid
110%
United States Treasury
Rates quoted are
^
Dollar Pride 100 PlUe
-
Ask
- .0698
.0765
>
•
..y.
;
/
'!:/AskZ
March 21, 1946—.--—
Bills
purchase
Ask
■
■~m 7
f,,b0.375 0.28%
-
bO.375 0.32%
bO.375 0.33%
bO.375 0.33%
0.33%
—...
MArch 14, 1946—
tt/r discount-at
March 28, 1946
*
April 4; 1946
f: April 11,-1946-—•J> April 18, 1946—
April 25, 1946——.—
.
March 7, 1946—;
.
bO.375
—--S
-
,
v
?' May' 2,
bO.375 0.34%
'
1946-—/I——
May- 9,' 1946.^———;
bO.375 0.34%
bO.375 0.35%
bO.375 0.35%
bO.375 0.35%
bO.375
0.35%
bO.375 0.35%
bO.375 0.35%
.0675
'.0676".0819
tVaS Dec. 1, 1946_—^__._—. v .0914
t'/eS Jan. 1, 1947—.0835
t%S Feb. 1, 1947———^:
.0820
TreAsnry blUs^
/ February 14, 1946
/ February 21, 1946—1
,; February 28, 1946^—-
.0685
t.09%> July 1, 1946—————
.0536
.0614
t%s Aug 1, 1946——————
.0587 •
.0681
t%s Sept. 1, 1946—-.0573 ' .0683
t%s- Oct. 1, 1946
, .0860" -V.0-786
tVaS Nov.' 1, 1946-——
'
'
f
32ds of a point
101.14
/
108%
27/aS
--
Bid
101.1?
101
__
134%
r.,
100.20
100.15:
Jv.:
'
-
133%
:
'"-''f V-••
••
^ ^
.-.'1
•
one or more
^Maturity—
105
———1985
Texas Elec Service 2%s_—1975
'
x*.
102.12
' Certificates of Indebtedness—
Bid?
t%& March 1, 1946—.0585
100.16
'
t'/sS -April'1, 1946———
'.0582
loi.l
V.
t%a May 1, 1946—^.——
.0683
100.21
t%s June 1.1946—,—.
.0584
V/
/i;
/-
point represent
Int. Rate
1
109%
■..;
■.
Quotations ForU.S.Treasary Notes
tMar 15,
105
Narragansett Elec
1974
104%
110%
..
^
v
—1961
105%
3s
Gas & El 2%s.__1975
> Term RR Ass of St Louis
3VaS_^———.1975
Co
b0.90 ^ 0.80%
«AprU 15, ,1946-.-—
1956-1946.1.—100.17 - 100.19 :
l%s Oct;1,/1950^1940^.—101A101A
A
3S May k
i
1975
Mountain States Power 3S..1975
BidAsk
Sioux City
103 V2 f
106%
,
107%
Montana
Obligations Of Governmental Agencies
1975,
27/eS—
106%
109
Monongahela Power 3s
Power
106
106
—
102%
102 V2
105%-
Laclede Gas Lt 3V2s
1965
Minnesota Pow & Lt 3V8S—1975
108
105%
(Indiana)
Serv
Reading
103%
;
108V4
1974
105%:
109%
Public Serv (Okla) 2%s—1975
105
102
„19W
Houston Lt & Pow 2%s
-Aak":
105%
3VaS—1975
Pub
,109%
111%
K—1980
ser
/Erie. RR 2s
FOR NEW YORK CITY BANKS & TRUST COS.—See
*
Bid
Products 2%s—1970
Portland Gen Elec 3VaS——1975
110
106
106%
;;
Birmingham Electric 3s——1974
California Water 3%s—
1975
Cent Vt Pub Serv 2%s____1975
1956——.———.I ■; ir-3.44
U a El Lt & Pwr; Shares A-——;; 23 V*
31.22
109
SVsS^.1974
Buffalo Niagara Elec 2%s__1975
3.94
Series 1955
Arkansas Pow ft Lt
107
iik
Nat'l Dairy
.-^.—...—.—2.50
i
North Amer Trust shares—
28.88
Security Issues
Bid
Diversified Trustee Shares—
Independence Trust Shares
Keystone Oustrttaii Fundsr-r
Series* B—l..........
;•> Series B-2—
Recent
19.25
a!-- ••/='•' -i;'-
.Series
10.66
9.75
11.42
Union Preferred Stock Fund
1.16
Stock and Bond Group shares.
sh'p':'W.
S
C———^■ ?
Union Common Stock Fund B—
20.62
1.05
...
.
.1074
.1011
" .1014
v
a
to
Odd lot sales. :
b Yield
price,
name
changed effective Sept. 17, 1945.,,
•No
par" value,
tin default.
furnished by sponsor or issuer.
^Ex-mterest. fFlai price,
d Deferred delivery.
Stock Exchange.; r Canadian market.
sCash
(XJn) Unlisted issue: •/.* Ex-dlyide^d. ,.y
dividend.
,
■
k Removed
sale—not included in range for year, rt Ex-stock
Ex-rights, z Formerly Athey Truss Wheel Co.,
,
"r
„
.
.
,
tThese bonds are subject to all Federal taxes.
:>
32% >:>/
71,.
■
66%
37%i
11.38
—
Northern
80
63%
35 Va
10.11
Investing
% Low Price Shares——
Merchandise shares.
River.
Northeastern
Pacific Indemnity
•
17.86
9.97
;
& 77 tM
North
"y.
14.81
13.30
.;»lii
24
/
■
>> New/ York: Fire.—.,n_.6 ;V14%
7 25 m
22
68
Brunswick-:-—., .—.10 '/> 30
New Hampshire Fire——....10 '! 51%
80
23 Va
Amsterdam Casualty——.3
7%i;.r/8%::.;'.;
New
88 »A
8
10.85
i
New
■
65%->';' '''
30%
...10
&■ National Liberty.—.^
.—3
National Union Fire—..
.30
7%
102 Kv"
/'
5%(p;,:ei4;
(Detroiti.,10.
National FlTe—
50
■
National Casualty
/
;
)U
Institutional bond shares
OilS
:i
•
—10
Industrial Machinery shares-
y
/
81
Camden Fire.i^^^^t^^,—U*
City of New York
10
.
12.11
Metals
4
>—:"
Monarch'' Fire
,,
23
77 Vie
16.27
Merchandising
Merch & Mfra Fire N Y
1
;
/ 20%
19'«
63 y4
Y>
47
/
f
44%
97%
78 /::
21
1
8
37%
Boston new common——_L___ 10
8.81
10.31
10.78
,
*
35%
10
Maryland Casualty.
111
41Va/
Merchant Fire Assur.
14% >
21%':;
V
20 Va
Surety—.——,25
12.19
:
.15%....,16%"/.:
:•
Massaonusetts Bonding.——12%
17.71
17.13
——
stock.'—
>13%
•
11.62
12.09
v
32
108%
25%
13.24
10.04
Speculative^.—1'.—'
Electrical equipment
30 V4
15%
,,,
23 %
7 Va
14.61
-
%<>k
•;
47% /'"' 50%
•
26'A
Baltimore American^—%
Bankers & Shippers...——.23
& 11.00
Diversified Investment Fund..
15.36
General bond shares———
4
Equipment
Often)leal
11.82
7.43
14.00
Electrical. Equipment.
Food shares
Business
18.62
10.57
———-
Building simply
/9.C6
8.84;
——.—6
Fire—
.—10
Insur Co of North America...10
10.21
12.05
V
————
Homestead
vS'P 37 % Y;
35
Reserve,.——10
Automobile
16.01
9.29
16.96
—
Aviation
ft'*/ Bank
Group Securities-^ :r t C'./vf
Agricultural shares
Automobile shares
/> Aviation, shares—————
14%
American
1
Automobile
6.44
Casualty—.——5
Equitable..^..———8
American Fidelity As Casuglty.U
American of Newark
—2%
American Re-Insurance——.,10
6.25
18.56
York Stocks Inc—
Agriculture
48.22
Home
54
24%
American
7.89
6.91
.
Fully Administered
American
7.52
5.9i
'38.95
35.54;
;
96%
———10
Automobile!
4
11.10
5.63
—I
^
93
American Alliance
6.72
7.94
England Fund--
•52
60%
Jersey Insurance of N Y^..—20
8.98
17.59
Bli'."
;
'
Hartford Steambollef Xnspect.-lQ
■
■
5.34
,
—
iYVM'V;
"
102
58%
Aetna Life^.... i.».10 ■,
Agricultural ™;—;
:.28'
7.49
10.05
——.w
Ask.
97
11.39
8.17
Speculative series
#
2.84
8.74
8.28
6.78
10.27
series
liOW priced stock common
Preferred stock scries.——i.—
31.03
2.59
—I
Investors Trust.
stock
'
General Capital Corp—
General
i
series—
^ Low priced bond series..;.—..
.
Fidelity: Fund Inc,—,,
Financial Industrial Fund,, Inc,
First Mutual Trust Fund—:—0
Fundamental Investors Inc
2
Fundamental Trust shades A—2
z-7.54
series.
Income
Industrial
big
-: ". '•
"> '• i' < ;
Par.
Aetna Casual & Surety——.—
Aetna-.—10
AQuotations not
'/'
Week
THE COURSE OF BANK CLEARINGS
'
■■
+:''•
1946
.
::
-..-v.
increase compared with
clearings this week will show an
Bank
a
year
Third Federal Reserve
ago.
States from which it is possible to obtain weekly [
clearings will be above those for the corresponding week last year; At this center thereis
reached
us.
1945
$4,911,384,467
580,000,000
335,957,352
i
t
————
t
.—
.
i
+ 25.5
1*.——,
-'.t
Total all cities, five days
:
West
week
same
1,260,551
1,260,208
;
1.8
3,048,947
2,005,060
1,327,940
4,491,900
+ 10.0
+•45.5
1,865,112
6,537,100
7,502,000
2,211,556
5,730,800
691,517,749
9.7
682,015,607
621,581,914
+
•
+ 11.3
120,638,632
+
6.3
2,726,180
V
+
12.0
+
21.6
•
125,429,234
222,531,554
219,967,696
28,138,400
3,717,478
15,986,200
.
I.'*#
3,389,922
'3,406,843
96,111,411
178,193,340
15,416,000
'
■'
2,873,820 '
+ 32,5
2,168.447
'v.
247,472,040
639,756,508
2,143,621
1,998,834
9.6
4,158,853
3,245,957
G.2
274,443,864
246,525,834
+
3,407,879
232,158,374
3.9
657,671,590
544,898,219
+
615,922,230
—
;
pIstrlct^Rlchmond—^
Virginia—Huntington
1,843,315
7,683,000
1,463,976
+
25.9
7,591,000
+
1.2
7,200,000
5,956,000
111,203,080
78,026,865
+ 42.5
76,913,271
67,910,542
——.
1,124,803
1,308,517
+
15.7
2,342,964
2,285,297
+
4.6
163,152,634
141.142,824
—13.2
45,936,815
34,130,175
296,854,201
252,540,641
2,993,435'
171,620,568
? 51,349,641i
164,105,119
59,136,314
346,693,039
312,911,101
+10.8
13,701,382
16,179,588
—15.3
Nashville————w——47,302,804
Georgia—Atlantai——i——«.
160,300,000
'Augusta-^—.
' ,2,825,842
41,276.767
+ 14.6
42,894,740
37,076,225
143,300,000
+ 11.9
141,900,000
120,500.000
Total
week covered by the foregoing will appear
■
(0 Cities)—
2,587,827
Sixth Federal Reserve District—Atlanta-*
We cannot furnish them today, in as much as the week
available at time of going to
Tennessee—Knoxville
———
*
press.
of the week in all cases has to be estimated.
..
Macon-—
■a:
y-y.
final and complete results of the week previous—the week
2,518,456
2,166,185
:~r 6.5
53,630,004
54,390,844
■
—
Alabama—Birmingham—————61,384,548
Mobile———
4,511,053
Mississippi+-Vicksburg—i--———^
333,099
Louisiana—New Orleans*—————
90,628,973
increase of 9.6%, the aggregate of clear- ?
+
+
8,103,157
.2,511,004
+
2,229,086
12.9
2,062,142
1,784.038
49,465,161
27.4
40,610,225
39,797,455
4,988,340
272,637
54,407,956
:
5,014,255
—10.0
288,027
—.
having amounted to $12,692,227,081 against $11,576,551,282
in 1944.: Outside of this city there "was a gain of 10.3 %, the bank
13,628,210
+ 12.2
2,024,997
68,300,869
?;V
Florida—Jacksonville
ings for the. whole country
in the
+ 39.3
1,625,915
1
'■■■
For that week there was an
ended Feb. 2.
605,000,000
; V
3,735,435
District p;t Columbia—Washington-
detailed statement, however, which we present further below,
able to give the
we are
662,000,000
19,445,800
South Carolina—Charleston—
2,03(1,977,325
available.
Accordingly, in the above the last day
In the elaborate
9.3
29.9
——
Richmond.--,—,
$10,679,278,616
and the Saturday figures are not
ends Saturday
+
+
:
Maryland—Baltimore
issue of .next week.
our
675,000,000
+
:
Mansfield——y
Youngstown
Fifth Federal Reserve
+ 18.7
1,531,118,650
t
—
Complete and exact details for the
in
f;ri;594.248
4,137,466
128,207,072
Total (7 Cities)—
160,623,766
" $8,648,301,291
-
Total all cities for week.
''j
1,665,999
249,198,541
—„
: —*—w
Virginia—Non"olk._
fDue to strike figures not
62.9
124,869,175
.
1,816,802,825
'.'V,
+
758,843,745
Pennsylvania—Pittsburgh——
$7,117,182,641
five days—
cities, one day—
737,951
1)^1,869,450
204,531,926
^
Other cities; five days—.—,—
All
491,291
;
1,942,834
——
—
Columbus—
:
224,527,000
281,697,000
.——
501,740
v
1,355,275
1,766,464
'
Cleveland—.—————y—..—
158,144,008 '
Cleveland
Ten cities,
+ 23.6
271,819,371
133,500,000
.
1,259,793
Fourth Federal (Reserve District—Cleveland—
+
————
San Francisco
(10 cities).—
Ohio—Canton—
Cincinnati—.
+ 11.8
519,000,000
t
+:.
City
Baltimore
'
636,889
v..••771,257
3.2
+ 19.8
408,782,928
'—
Boston
•
«
—15.4
—
%
.
Philadelphia
I
+ 15.1.
605,646
In 4a
1946
Pittsburgh————L—
1943
);
,3,477,423
————
Total
$5,884,750,579
Kansas
'
786,810
—
New. Jersey—Trenton——i—i—..——
Week Ending Feb. 9—
St. Louis
1944
%$
Dec/:
738,866
2,265,137
*y—3,540,686
'
" 1,760,716
—
:
York
iit
Clearings—Returns by Telegraph
Chicago——
^
738,000,000
\
—_
) Scranton-—.
Wilkes-Barre
!
•
,
Philadelphia——.
Readingyy.—
A
tabulation f
unable to complete our
are
2
Inc. or
,
Lancaster—.—2,718,818
the strike of telegraph workers J
of I|;8%, Due to
gain for the week ended Friday
a
we
Chester——.
;
\
5);
■
697,236
665,886
715,332
——.
Bethlehem—.
clearings for all cities of the United
$
•
District—Philadelphia-*
Pennsylvania^AItoona:——.
that for the week ended Saturday, Feb. 9,f;
Incomplete preliminary figures indicate
Ended Feb.
1945 ;
-
■
+115.6
349,827
3.0
94,933,073
+11.0
407,366,511
87,959,722
+
5,214,398
72,400,619
i
Total
recorded an increase of 9.1%. We group the cities
Districts in which they are located and from this
it appears that in the New York District (including this city) the totals show an
improvement of 8.7%* in the Boston Reserve District of 10.7% and in the Philadelphia
Reserve District of 9.7%.
In the Cleveland Reserve District the totals are larger by
(10 cities)—451,313,567
406,723,848
327,767,782
clearings at this center having*
according to the Federal Reserve
#
Seventh Federal Reserve
*
-
fs
"
\
,
the'following
In
Indianapolis^-i,————Li——-
Reserve District by
f
c
1,1
i
,
tt
furnish a summary by Federal Reserve
we
South Bend-
;
•
Iowa—Cedar Rapids
Des
Moines
.
18,812,376
8,687,649
798,724
;Hlinois-i-Bloomington——,
CSiicagO-—605,893,818
Decatur-iit,^—■ ^t.i,'
"2,397,272
Peoria——ii—
7,818,042
1st Boston
New
Philadelphia
—12
10
4th Cleveland
—
6,978,376,335
+
691,517,749
+
9.7
615,922,230
639,756,508
+
:—•
6
"
346,693,039
312,911,101
44
451,313,567
406,723,848
683,562,653
..
407,366,511
540,161,637
3
+
+
11.8
5,861,027
-3,189,129
6,992,532
2,549,792
.+ 25.1
1,900,548
+ 13.6
2,238,741
2,133,062
5,409,815
1,849,343
1,688,865
683,562,653
+11.5
652,239,854
540,161,637
154,800,000
71,394.364
LyJi
762,102,868
I
268,603,006
>
^
7
"
"
325,199,994
'292,098,352
+11.3
299,523,178
260,192,920
6
44
185,667,644
150,708,153
+ 23.2
133,579,222
110,176,478 <
Francisco——10
44
554,908,453
510,902,663
+
8.6
528,370,542
439,467,912
12,692,277,081
11,576,551,282
+
9.6
11,363,314,946
We
add
now
.
196,000,000
75,429,335
53,278,280
8.1
1,143,000
809,000
+11.7
325,850,615
268,603,006
9.3
3,703,112
+ 40.2
145,083,893
53,128,061
3,395;762
113,243,896
9.8
1.1
a
1,055,856
+
41,599,642
District—Minneapolis—
3,886,01^
3,555,272
141,013,316
North Dakota—Fargo
———
South Dakotar^-Aberdeen.—h.—
3,598,564
3,639,562
1,868,635
Montana—Billings
1,636,406
1,504,742
338,301
;;
9,252,131,982 •'
4,078,171,391 J
4,900,717,147
321,025,321
197,730,893
53,376,042
Minnesota—Duluth
;
—
Helena
48,631,318
6,020,957
Total (7 Cities)-
detailed statement showing the figures for each city for the
our
7.9
+ 24.9
358^588,262)
St. Paul—.
+ 10.3
9.9
+
1,141,100;
Minneapolis
4,807,255,103
+
85,338,439
50,231,026
—
;
Ninth Federal Reserve
10
5,303,950,433
134.400,000'
62,729,507
202,600,000
,r
t
Total <4 cities)
169,541,516
—
*
'
,
325,850,615
213,567,910
Outside New York City—
.
92,117,656
.—
Tennessee—Memphis—
Illinois—Quincy.
v
+ 11.7
—-—111 cities
514,025
•327,767,782
652,239,854
-
+ 31.0
;
+ 18.7
1,597.423
252,549,641"
321,025,321
Total
7,675,260
664,413
422,216,963
544,898,219
204,643,060
12th San
15,973,091
+19.4 •
1,412,698
Kentucky—Louisville
358,588,263
.
2,527,393
5.7
—
516,920,611
268;il7,514
—
—23.4
3,326,450
+
Missouri—fit. liouia
44
City—
9,228,593
34,246,326
2,073,416
13,317,035
6,573,122
42,929,609
12.0
621,581,914 j
44
Kansas
:
9,323,304
;
Eighth Federal Reserve Distrfet-^St. Louis—
5,326,767,700),*+
17
9th Minneapolis
2.2
8.6
34.5
296,854,201
+ 11.5
11th Dallas
+
+
3,988,161
+
657,671,590
+11.0
762,102,868
4,358.043
36,628,000
'
+
Total (17 cities)—
.
Louisa—4
8th St.
19.8
390,423,251
682,015,607
+10.8
10
7th Chicagof———
4.9
+
+ 13.8
$•
6,670,418,347.
3.9
—————
6th; Atlanta
.1943
.
495,857,360
8.7
758,843,745
;
44
.7
———
5th Richmond
10th
7,588,277,720
44
"
672,689
..
$
+ 10.7
408,159,808
12 cities
——
YOrkV
2d
3d
■
+
'
4,406,576
2,506; 144
2,740,966
26,703,000
541,190,431
1,782,509
.
1944
Inc. or
451,807,766
,
7,273,914
■w
Districts:
Dec. %
Districts
Reserve
9,772,692
40,088,210
2,896,622
19,946,830
2,218,031
—
—
Sioux- City—-—:
•
CLEARINGS
1945
1946
Week Ended Feb. 2—•
federal
3,237,048
763,575
5,567,967
3,301,580
a
'
Rockfordjry—^±1-.
SUMMARY OF BANK
22.2
31,808,000
Wisconsin—Milwaukee-—43,647,312
730,894
'
5.5
+
3,684,477
y——9,985,029
;
—21.7
+
38,095,000
——.
Terre Haute—
363,538
6,027,686
3,849,311
3,210,250
Springfield———2,159,044
*
V
i
Lansing-^—4,705,176
Indians^—Fort Wayne——3,368,825
10,8% and in the Atlanta Reserve District
by 11.0%v The Chicago Reserve District has to its credit a gain of 11.5%,. the St,
Louis Reserve District of 11.7% and the Minneapolis Reserve District of 31.0%.
In
the Kansas City Reserve District the increase is 11.3%, in the Dallas Reserve District
23,2% and in the San Francisco Reserve District 8.6%.
<
A
^ ; i fyg'i
^ '
0
S/*****"* V* f '
<**<■'"& >• ^ r
Richmond
3.9%; in the
District—Chicago-
Michigan—Ann Arbcr———284,732
Grand Rapids^-,
——L——6,358,232
,•
204,643,069
268,117,514
;
5,966,558
+
+
43,264,547
3,763,556
1,436,319
2,974,875
1,220.451
0.9
1,172,003
5,278,966
995,394
4,446,591
+31.0
213,567,910
169,541,516
—
+ 24.2
+ 383.7
+
■
week ended Feb. 2 for four years:
v
'
^
x%-*
'
~.
V.*,v/C
''i
'/ is't (
Clearings
V
t.
'•I
t?/' /*r
'.1 /,\
^
jr
.
at—
Week Ended Feb.
1945.
*
$
2
Inc. or
$
Dec. %
yyy
871,273
1,747,969
4,111,968
3,103,745
349,157,371
+
9.1
+
■
•
.1:
———:
,
962,941
470,723
+
1,247,405
1,387,555
4,889,152
4,535,661
3,318,920
,
338,224,310
1,021,392
850,039
6.6
460,833
472,489
—10.1
1,292,534
7:8
4,779,928
301,980
+ 18.1
381,186
+ 37.3
4,892,256
+ 21.0
207,961
82,084,786
76,667,627
+
7.1
3,226.402
+
29.0
8,013,355
7,474,607
+
7.2
216,212,845
7,653,114
,455,765
1,103,211
193,044,482
6,244,838
+12.0
Pueblo-
—.
+ 28.6
946,738
325,199,994
292,098,352
+11.3
299,523,178
'
196,583,34+
858,007
195,420
354,495
3,837,911
;
77,621,974
3,208;774v
7,262,432
;
——
"
Missouri—Kansas City.
St. Joseph—y-——-—;
Colorado—Colorado Sprlngsy—y
+
246,310
3,538,492
4,163,688
—y——
Kansas^*-Topeka—y
925,782 ?
-
,
J
297,990
356,503
4,858,737
——:
Omaha—
.vi
436,612,729,
+ 32.2
501,725
y^n+.+i,-+i,
Lowells
.■
3,637,920
+ 32.7
1,273,011
Fall River—-a—
■
$
925,612
+ 20.1
Nebraska—Fremont—
Hastings-——-——
Lincoln———
1943
Wichita——-———-—-—
381,009,895
Portland—y————————
Massachusetts—Boston—
;+-'
1944
,
Federal Reserve District—Boston—
First
City-
Tenth Federal Reserve District—Kansas
•!
$
..
Maine—Bangor————
-
+
1946
*'■ "!■ JJ'ri
\
■'•
~
'•
.
.
495,607
22.6
+
—
64,490,168
7,365,691
8.0
'
2,742,747 *
5,951,193
174,558,731
6,168,806
1,097,160
■?■!>
1,052,822
796,289
:
O.j '■*
'
'
Bedford
New
■
Splringfieldy——
...—
Worcester—
+
950,331 '
4,447,337
3,769,755
2,921,905
+ 29.0
3,328,909
16,479,631
+ 32.0
16,858,808
13,778,685
9,625,108
8,145,256
+18.2
8,780,661.
6,568,582
20,832,600
19,023,000
920,819
1,100,747
Eleventh Federal Reserve
Haven
Island—Providence——
Rhode
New
;
,
-
Hampshire—Manchester
9.5
17,557,800
—17.8
600,153
+
17,519,000
t
Dallas>•
-
;
Fort Worthy::::—
(12
cities)
408,159,808
451,807,766.
—+
+ 10.7
495,857,369
:
390,423,251
—l.*
Few
14,848,887
York—Alhany/
Blnghamton
i
Buffalo: "
Elmira
)
i-
3.6
63,161,810
54,200,000
*
•
Utah—Salt Lake City
ff.7
1,323,470;
+ 50.4
+
.
2,852,959
6,462,597,799
9.1
•
889,979
5,173,960,591
"""
14,533,030
+ 16.2
7,504,583
+ 27.7
8,139,972
r
7,907,939
7,759,811
1.9
9,127,525
+
730,766
+
567,163
+ 28.8
658,028
'
Newark
35,054,547
35,882,696
New Jersey—
—
i
,
cities)
+
14,995,864
44,265,020
7,588,277,720
::
+
24
34,724,497
41,306,014
+
7.2
39,652,831'
6,978,376,335
+.
8.7
6,670,418,347
V--' ■
6,983,564
».v•'
;lr.
-
_
.
1.. ■■ J....>'/•.:
Washington—Seattle
f..• •:
11,939,205
.
3,327,000
2,409,000
+79.3
1,550,508
,5,409,548
+15.3
5,277,371
++•; 1,149,714 +:•
4,659,118 +
23.2
133,579,222
2,686,000
150,708,153
+
•
110,176,478 +
v;v_: V.-.i-j.
2,667,697
—
)
San Francisco
San Jose„
;
"
Stockton—
.:+
1.3
95,628,873
2,078,255":
+10.2
'
83,897,865
1,444,753
'
■
1.6
78,771,284
+ 20.9
28,545,779
•9,456,759
—12.8
11,730,906
5,900,612
5,133,735
289,830,000
+ 14.9
4,790,453
+
12.5
295,946,510
8,542,609
3,411,993
239,266,000
+
9.5
4,695,974
3,203,062
+ 39.1
1,983,697
4,198,811
1,280,215
3,801,854
8.6
528,370,542
439,467,912
11,363,314,946
4,900,717,147
4,078,171,391
326,013,000
7,802,723
-
Santa1 Barbara
^
,2.420,321
77,324,655"
26,173,947
+ .Ul) 76,097,025
) i: 31.647,401
Pasadena
.
86,615,942
8,250,162
-
California—Long' Beach
4
•■•■:•
vTi
87,781,000
.
—
Yakima
12,619,513
?
,
'•' 2.818,485
5,930,348
'
'7,128,287
2,026,845
,4,792,172
-j-
+ 23.8
K
-.70,662,775 )( "
23,956,786
+
5,971,095
•'
•
185,667,644 +
Oregon—Portland
1,170,414
—
9,695,064
Jersey—Montclair
(12
!
6,769,296,179
16,885,118
Connecticut—Stamford
Total
1,896,984
7,388,326,648
_
Syracuse
Kcrthern
10,076,593 4
2,060,169
876,322
Rochester
New
26,117,400
—
2,465,315
87,554.126 +
10,146,240
■
Twelfth Federal Reserve District—San Francisco—
—50.6
1,312,675
+15.9
+44.1
10,105,000
+:+.fy,•? +f ■ '•'
—19.3
67,425,383
K
14,674,770
v
2,623,801
6,237,069.p
'
3,173,103
7. b
+
122,105,000 ; +23.9
•
+1,463,331
3,868,000-'
;
—
Cities)—
30,059,541
1,318,215
•
"(6
2,681,078
1,225,248
:
York
)+
2,163,119
65,029,000
———-
——
Jamestown
New
RBI
Reserve District—New York—
:
M)Uisiana?*^Shreveport—-uL-'yLyy-'-w
!
TOtal
Second Federal
151,257,000
*17,000,000 /;
Galveston^-—•
528,795 t
'y"
+.369,504
4,681,774
-
—^
Wichita Falls-:-
Total
District—Dallas—^
Texas—Austin
'
New
260,192,920
-
?
2,829,981
21,878,359
—
Connecticut—Hartford——y-—
Total (10 cities)————y—^
"
545,508
>
26,819,602
y
s
31,633,863
*
5,326,767,706
■
Total
(10 cities)—
—
Grand Total (111 cities)
bu..
;
.»v>vtufK
•Estimated.
+.-v-"
-
554,908,453
12,692,277,081
5,303,950,433
510,902,663,
+
11,576,551,282
+
9.6
4,807,255,103
+
10.3
9,252,131,982
if
'
V
r
Number 4463
Volume >163
815
THE COMMERCIAL & FINANCIAL CHRONICLE
/
Redemption Calls and Sinking Fund
Foreign Exchange Rates
/->
Feb. 2
-
Feb. 6
Feb. 5
Feb. 4
*
■
«
/■'•$'T'.//'/:
*
Argentina,, peso—
•
1
*
•
.297733*
.251247*
3.214113
Australia^'. pound,-*»i.W--^^--»-~*--rw-r;^''r,*',:
Belgium, franc—
——
Brazil, cruzeiro—
Official..
——-.—.V—
,022841
.022841
■>y
•.
.251247*
/
.022861
>
,
-
„
.022845
V .022845
.060602*
.060602*
.060602*
.051802*
.051802*
.051802*
.051802*
.051802*
.051802*
'
.569800*
Colombia, peso—...——————
Denmark, krone..———
.008409
.205800
Portugal,/escu&M*
. -
1
.903750
.—>«*—--.
/
VV//,
/•'•./»?*
-y
'jbzr
Z; .904375
:■
/
...<■■
i.
*.'
'
.658300*
/
.562900*
.091324
.091324
.238520
.238520
mortgage
1st
mtge.
Pacific
5%
due
,
mortgage 4%
Aireon
.233626
,
.233626
4.005000
bonds due
Wednesday
($300 par)
Boston Athenaeum
5 V Massachusetts
16
/
/
65%
($50 par)—————-
Real Estate Co.
($100: par)—
Wharf
Lewis
—..
—
($50 par)
Co.
Massachusetts Real Estate
1
«.
$ per Share
417
67%
415
..
Pari
30
...
—
$1,000
March
I;
Corp.——
Boston
1
Boston Athenaeum
—
($300 parr——
par).
Steel &.Coal Corp., Ltd., B ($25
•
61.. .^Consolidated Lobster Co.; Inc.v—
;
■
12
411
.658300*
.658300*
.562900*
.562900*
.
par)———
Cofp
($20 par)
Co.—.
Madison / Woolen
6
——
($300
■-A"'
fV'j • i..-;-:* ^p.v* -y" •
■'
'p',>
305
646
647
§2636
Mar
1
308
/
1
<
bonds, series D, due 19f2^——Mar
1
§2814
v.
,-V
:
V <■
-+V' i
.
y
^
■ ,'y
'
~~
t's,
Inc., 7% preferred stock—Apr
stock——
—L—Apr
.
:
•-
due 1965
thousands
•
•
Union
Terminals
Co.—
.Assets—
v.
;
'
"^tal eol^l ctf. reserv^s».^—
cash
'
lT»®82,990
;v
17,747,865
17,188,565 \
17,982,989
356,110
349,199
289,015
r
advances.——
Industrial loans.
y-,
Govt, securities:
i
■?
3,721
^:>■■■•
-I
Bills
12,888,234
8,056,711
Notes
j—-
Bonds
1—i-'
11,413,404
1,404,700
946,892
1,565,721
1,156,472
23,296,537
12.935,447 ,
*2-'
; " Certificates: r.——i—7,940,211
19,061,737
1,404,700
:
946,892
.•'
ref.
du Chlen-Marquecte
Bridge Co.—
>
the Minnea¬
:
§3080
318
/
697
?'
*11"
mortgage 6t4s due
& Warehousing Corp.—
I
1
—*.Aprmtge.; 3%s, due 1968—*Mar
B95
the San Francisco District,
697 f
358 b
" ,698 „t
ENTIRE ISSUES CALLED
Allis-Chalmers Mfg.
Page
646 "
Date
Company and Issue—
4%
Co.,
conv.
4'
preferred stock—.Mar
-
American Gas & Electric Co—
'.
• {|
-
./»•.
...
.
*
Sinking" tund-2%%/debentures due 1950/—*—
*;„Mafj 2 . ; 646 . ,
Sinking fund 3y2% debentures due I960.
..//.Mar 2 V
646 ..
Sinking fund: 3%% debentures due 1970—————Mar 2
646 '
Armour & Co., 4(4%; income"debentures due 1975/-—Mar 4
/
Atlantic Refining Co./3%:debentures due 1953——Feb 15." A306
Binks Mfg. Co., 1st mtge. conv. 5%
bonds due 1951—.Mar 1
//' *
'
Buffalo Niagara Electric Corp., 5% preferred stock—Feb 14
"307 "'
Butte Electric & Power Co., 1st mtge. 5s due 1951—Any time
§2142 "
/
-
,
Electric
.California
Co—
Power
j
preferi'ed stock
Ltd.—'
5(4% /convertible* prior
—
—.Mar
462 "...
5
'
Canadian Car & Foundry Co.,
$2.10
reporting member banks.
199,806
1,783.
"
•
and
284,130
'
762
;. ;
increased $62,000,000.
Hen &
Equipment Co—
«. ■
'
$1 cumulative convertible preferred stock.*.——Mar 1
West Virginia Pulp & Paper Co., 4(4% pfd. stock
Feb 15
Wheeling Steel Corp., 1st mtge. 3 (4s, ser. C, due 1970_Mar 1
City District.
18,372*686,
310,030
u. ,8-
.
participating preference stock—
.Feb 18
648
$49,000,000. in the Kansas
Canadian Utilities, Ltd.—
1st mortgage 5s, series A, due 1955—————^Mar 1
308
Borrowings increased $21,000,000 in the Cleveland
^Carrier Corp.,, 4(4% cumul. conv, -preferred stock—Mar 14
* ,
District, $19,000,000 in .the Kansas City District,
Chicago Produce District, 1st mtge. income bonds
Feb 15
*
Columbia Pictures Corp., $2.75 preferred stock
Mar 18 . i;''
*
$72,000,000 at all
Commonwealth Edison Co., -3(4 % /debs., due 1958*
,*_Mar 9
462
A summary of, the assets and liabilities of reporting
Compo Shoe Machinery Corp., conv. preferred stock
Mar 15
§3071
I; Continental Gas & Electric Corp., 7% prior pref. stock-Apr
l. V' , ., 68 •, v
member banks follows:
Consolidated Vultee Aircraft Corp., $1.25 pfd. stock
Mar 1
463-0,
Cuneo Press, Inc., 4(4%
preferred stock—Feb 21 /
649 - *
(In ullllonA of dollars)
Increase ( +) or
Dominion Tar & Chemical Co., Ltd., 5(4% pref. stock./Apr
*1
/ •.
Decrease (- —) Since
Elastic Stop Nut Corp. of America—
Jan 31,;
Jan. 30, v.; Jan. 23,
15-year 5% debentures—.
****:—
...Apr 15
651
i J946 v
1945 ;/ ;
1946
,
Federal Grain, Ltd.—
'
'
.
.
$
$
1st mortgage. 6 % bonds, series A,. due 1945—_/*—*-.Feb 28
191
/./ />■/'
Xss^Sr-//
''' •;;
624,821
794,424
...
and
Discounts
'
V
"
.
Victor-
declined in all
districts; the principal decreases were $107,000,000 in
New York City, $71,000,000 in the Chicago District, and
1945
>
794,425
^
*•
68
68
/ ,/
Maf'
1st mtge. -4 (4s, due 1948
Power & Light Co;; 1st
Deposits credited to domestic banks
•
;
Feb. 7,
30,
1946
for F. R.
—
-
Co.—V
e
- ••„// 'v
mortgage series Ab5^%/wnds—i—*Mar ' l' '?; l 658~
Terminal Refrigerating
$27,000,000 in the Cleve¬
land District; the net change at all reporting member
banks was a decrease of only $11,000,000.
United States
Government deposits increased in all districts.
^
17,188,565
Redemption fund
Other
1946
■
Qold certificates
motes
Jan.
Feb. 6,
•
i\'
•
•,
-
-
due
Utah
Chicago District and decreased
-Decrease (—) Since-
WMtMUulfM'i..-.
*
A—Apr.!! 1;
1954_J«_a.L**-.*Cb***-*«i-t*—Feb 15%=? Rochester Gas & Electric Corp., 4%> preferred stock—.Feb 15
1st
$95,000,000 at all reporting member banks.
Demand deposits adjusted increased $49,000,000 in the
.
>
tocrease( -f) or
1st
mortgage 4s
Prairie
and
-
dollars)
of
,
'
indebted¬
Holdings of United States
polis District, $23,000,000 in
>
12 Federal
Reserve Banks Combined
(In
■
Ry.—;
1957
Pennsylvania Gas & Electric
Holdings of Treasury; certificates of
Government, bonds increased $26,000,000 in
Statement of Condition of the
4
1963...—..Mar
due
3s,
Nov^ Scotia, Light & Power Co.,. Ltd— /
reporting member banks there was a nominal de¬
ness
19%
>.
-,V •.
1
'
Page
1
1
1
mtge.
1st
.
'<
in
including $45,000,000 in the San Francisco District;
crease.
pari-i—>80
^'V
4,v
-
Date
—Feb 28
Co.,
•
?l
at all
410
—
————
—
10* FonemahMills,commort ($100
■'«
•
.
stock
preferred
Light
/1
—
^
tricts
51%
5%
91 ,
-V
—
Products
Middlesex
§2824
..Any time
-
1st & ref. mtge. 4V<%
1st
City and decreased in most of the other dis¬
New York
130
.
Athenaeum
Boston
112
,
—:
.
Holdings of Treasury bills increased $90,000,000
15
—6
6;" City Real Estate Trustees ($500 parr
50
Plymouth Cordage Co. ($25 par >
344,/State Street Exchange ($100 i>ar)
45? Wb&tern' Real Estate Trustees ($100 par)
1
■
1947
£ Chicago & Western Indiana RR.—
$30,000,000; these changes were largely in
New York City.
138
—-——
r
200;
ities increased
Dominion
($100 par)..
Associates;
Brooklyn
/
75
——
—
-Uobb Montbray Mines, Ltd. ($1 pari; 1012-20
10O
,
,
fcAKHAfc HEDEBLpTlUlf
(Sidney) & Co.,
Buycrus-Erie Co., preferred
Carolina, CUnchfield & Ohio
1st mortgage 4s, series A,
declined $28,^
declined
53
—
Investment Co. ($50 par )
2
52822
52822
.
J®*:
1911 And «ub, on--^-—-——
10/ Units Wiley Bickford Sweet
Any time
Anytime
deposits.
■
X. t). ($25 pari; V
V
Mexican Coal & Coke* 5s July 1, 1926; coupon,//^,
2«'United Shoe Machinery Corp., common
;
657
^
L. Day & Co., Boston on
STOCKS
.
...Apr
1
;//' 1st mortgage
bonds, series C_:
Apr
1
68
jb Commercial Discount Co.,-6% debentures, due 1947—-Apr
1
649
f k
*
' '"Pi/'
11 "
v«' '} •
t-x'
j."
y *
'^"^1p Connecticut River Power Co.— ■ .
vv/-/,' V//
//'//:%■ '*X
Z'Mst mortgage 3%s, series A, due 1961.
Feb 15
X 463 • /
The condition statement of weekly reporting member
Dominion Dairies, Ltd;, 1st mtge. 68, due 1957—/—Mar 1:
/ 'b: * ■
banks of the ^Federal; jEteserve SysteixL» in 101 leading
X Elgin, Joliet & Eastern Ry.— • ■■ X*?-.'■*■*>
1st mortgage 3V\% bonds, series A. due 1970
cities shows the following principal changes for the
—!
Mar 1
309 :
Empire District Electric Co., 1st mtge. 3'/2s, due 1969..Mar 1
651
week ended Jan. 30: Decreases of $148,000,000 in reserve
Eversharp, Inc., 4V2% cumul. conv. inc; debs., due 1965_Feb 23
463
balances with Federal Reserve Banks, $114,000,000 in
Hygrade Food Products Corp.—
■>
.
:
balances with domestic banks, and $431,000,000 in de¬
1st and ref, mtge. conv. 6%
bonds, series A and
series B,
due 1949
*U*-—
Apr
1 f>v- 652
posits credited to domestic banks, and an increase of
Illinois Power & Light Corp., 5 Va % deb. bonds due 1957_Mar
1 '
72/b
$196,000,000 in United States Government
International Paper Co., ref. mtge. 6s, ser. A, due 1955-Mar .l
; 653
Louisiana & Arkansas Ry.—
■,
■■■
/
.
1
"
Loans to brokers and dealers for purchasing or carry¬
1st mortgage 5s, series A, due 1969—
1_—*—Mar 1
.
466 v*
ing United States Government obligations
X Massey-Harris Co.,. Ltd., 1st mtge. 4 'As due 1954—.__Mar 4
Missouri Telephone Co.—
000,000, and other loans for the same purpose
: \
AlA% 1st mortgage bonds,, series C, dU6 1961^*^—*Mar L
^/3l4 /
Narragansett Electric Cb—
»,
$27,000,000; loans for purchasing or carrying other secur¬
1st mtge., 3bonds, series A, due 1974,—*****—*Mar
1> '
655
.
Feb. 6.
($300
•
Condition Statement of Member Bank$
I
Auction Sales
Athenaeum
315
4
.
1946—
1st mortgage 5 ya % bonds, series.
1st mortgage .5% bonds, series B
1 i Boston
655
1
Mar 15
1969
Feb 11
,
bonds due
Corp.,
Gas
f;| Cleveland
Shares
Mar
—
due
5s,
Ry.—
bonds
Blumenthal
.658300*
•
Mfg.
S Atlanta
4.005000
>
rate.
Transacted by R.
1968
mtge.
Co.—
1
V
/"Nominal
1st
Street
Company and Issue—
.562900*
;658300*
.562900*
67
652
Mar22
<
Joseph & Grand Island Ry.—
1st
.040501
4.005000
.562900*
.658300*
consolidated
.202020
.040501
.233627
4.005000
Bluffs
stock..
3.227000
.202020
.238520
•
4.005000
«MM«
Noncontrolled
3.227000
/
.091324
~
646
<"
Sah Francisco Terminal, 1st mortgage bonds*——Feb 28
■:
.202020
3.227000
/
■
■
4.005000
pound-————,.—
(
1
,
Council
Southern
/ St.
.909090
.904375
&
preferred
(subordinated)
b.idge Corp.,
Hope
Consol.
.379324/
.909090
.904375
A
'S-
}■
— — —
.379323
.909090
3.227000
,
__—//
Switzerland, fraxic.....—.
—
.205800
.3793^4
Date.Page
..Oregon Short Line RR.—
.040501
3.227000
3.227000
Sweden, krona—
—
.205816
/V.904375
.903750
Spain, ■ peseta—*—
Controlled—
.205816
:
———
-—<1—»
Uruguay, peso—
.301215
.909090
.909090
——
Union of South 'Africa,
.008410
.301215
" '
' '
Oregon RR. & Navigation Co.—
4% consol. mortgage bonds due 1946—
4.033750
.008410
.301215
.379321
.909090
————r*
pound—.
Zealand,
.379324
4.033750
/.008410
/
■
Free—.—:
.205800
.379324
1st
.208766
..
.
.301215
.205816
.301215
*
Omaha
.208766
>
:.0054ior
/:
.008409
*.
^
.301215
(British),' rupee.....
Mexico,' peso,.—V.————+Netherlands, guilder..—.-.—
Newfoundland, dollar—
■,/ Official—
—
—~r~
■
4.033750
4.033750 " ■; /:
4.033750
E.) & Co., 5Va7o
Publications, Inc.—
debentures
Mount
.569800*
;Z.208766
*'''•
6%
.909090
>;//;
.569800*
4.033750
'
J
■
-
India
New
—*
-
England, pound .-sterimg——
France (Metropolitan) franc—
.569800*
.569800*
v'
Corp., first preferred stock.'..—,-Feb 15
4'/2% sterling bonds due 1961...Apr 12
(Walter
.906875
.906875
(
,.906875
.906875
/// /
.
,569800*
.909090
.909090
.909090
.906250
i
Heller
Macfadden
>'.909090
.909090/.''-;
TENDER
OF
•
/Central Paclflo Ry., 1st ref. mortgage bonds.due 1949_Feb> 28
.060602*
-
Superpower
Aroostook Valley RR.,
.060602*
v,906250
Norway, krone....——
; American
.
.060602*
-
—
|v ' Company and Issue—' ;
3.214113
■
—
'S\ NOTICES
.251247*
3.214113
3.214113
.022835
'
.
.297733*
.297733*
.251247*
3.214113
3.214113
,
'j'
~
.297733*
.251247*
:
or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
Feb. 7
/;•
-
.297733*
.297733*
.251247*
fie i&l—.-.*.—
The date indicates the redemption
/
in United States Money
Value
Feb. 1
preferred
York
Buying Rate for Cable Transfers in New
Noon
Unit
Country and Monetary
Official
a list of corporate bonds, notes,
and common stocks called for redemption,
including those called under sinking fund provisions.
BANK TO TREASURY UNDER TARIFF ACT OF 1930
TO FEB. 7, 1946, INCLUSIVE
-/V/V; '•
p:S:
FEB-
V/
Canada, doUar-^
Below will be found
RATES CERTIFIED BY FEDERAL RE8ERVE
EXCHANGE
FOREIGN
Notices
countries of the
buying rate for cable, transfers in the different
passed:
•
tifying daily to the Secretary of the Treasury the
world.
We give below a record for the week just
,
of 1930, the Federal Reserve Bank is now cer¬
requirements of Section 522 of the Tariff Act
Pursuant to the
4,926,140
-
j
<■
'
23,227,250
Totai U. S. Govt, securities
Totai'Ibans
Due
and securitiesi.
F/7Et: notes of other
Uncollected
Bank
banks—^
.items,
premises .i
.
1
>'
"
Total assets"
-——
.
44,025,973
—
-116
80,798
i
-
■
i.1
-'ii
'
■i"
I-L
■
i
/ •:
39,883,823
.
68,211
and Investments—total—
—m..
Loans to brokers. and dealers for /pur¬
chasing or carrying:
U. S. Government obligations.
Other securities
—
'
24,149,470
Federal Reserve notes..——4--
24,147,899
21,845,618
,.,
Deposits:
>■
.
■/
.
Afemoer bank^resem: accf.;; , 15^716,698^'^15,681,187
762,397
Treasurer—gen. acct._
:>&/ 716,227
729
Foreign
.
'
Other
liabilities
—.
—
Capital Accounts—
"
39,386.810
•
Surplus (Section 7)—
—...
6urplus (Section 13b)
....
Other capital accounts.,—.;..:
'
.
Total liabilities & cap. accts..
of
serves
note
gold
to
certificate
deposit
liabilities
Co^mit.mpnts
trial loans
to
and F.
Cash in vault
165,801
358,355
■
.
228.153
Liabilities—
44,224,126
39,883,823
+
Illinois
19
>v
48.3%
42.9%
;+-
•
58
to
8ii
+
:
1,606
/
1,605
•.
...
3,391
during week
and
.
8
ZfrX :jl/V
V +,
10,088
v
.
5/V
—148
,
17
—114
H-
,
+
5,247
—
,
:
592
+
483
+
„
ii'/V
S.
—
311t
—Feb 11.
g
debentures,
'
*—Mar
stock-—Mar
,
1;
652
1
\
311
I
653
.
t
l
.
,
..
Corp. .of America-—'/:•"'1 ,
gold notes,' series of 1929
Missouri Boiler & Sheet Iron Works—
//• 1st
Plan
mortgage
4%
ioa
«
Co., $4: preference
Collateral
128r
•
+
15
v
+196
+1,950
+1,708
+
3,911
1,204
deposit
convertible
l
Manila Electric RR.. & Lighting Corp—
V
5% 1st lien and collat. trust bond certificates—-Mar
1 !;-^-194 ;/
Morris
22
+
*
Midwest Rubber Reclaiming
/+V>786/
•
.
o.
+
23
+
1,305
•
279
,/;.'+
72
+
90
10,162
U.
:
,
,
—1,252
17
-/••+A 95 V/
3,365
2,807
259
demand
V
§3074
15
Valley'Telephone'Co—
La Cpmmunaute des Soeurs des Saints Noms de Jesus
et de Marie, 1st mortgage 4s & 3!/2s
—*
Mar"
Langendorf United Bakeries, Inc.—
/
.
'
A
6%
preferred stock _———r-——*Apr
Lyons>-Magnus,'Ino.j class A Stock——
—-Apr
398
+
1,742
9,522
Domestic banks
-Interbank
bonds due 1955———.—Feb
15-year 4%
series Aj due 1964
' «
due 1957—
International Power Co., Ltd., 7% preferred
5 %
16
—
1
Oeblts
"*
.
•
**
International Furniture Co—
+ 1,132
ZjfcV/ 93;
1
,
56
16,271
deposits
Foreign banks—
43.0%.
33
.38,026
Borrowings
Indus-
'
+
"■
27
1,703
2,238
Time deposits
U. 8. Government
Natural Gas Corp.—
1st mortgage
§1513,.
E, due 1977—July 1, r47
bonds-*—
j./
"
* ;
due April, 1946-Apr
.
_
,
,
,
_
§1516"
1
_
—-Feb 15
655
.
Demand deposits adjusted—!
75,894
31,826
^
„
27,165
27,428
•
J
3
—
585
—.;
,./■'/'
.
preferred stock————**Mar 1
Paper Co.; $4 preferred stock-———Feb 25
7%
Hinde & Dauch
487
+
>27,184
Obligations guaranteed by U. S. Government
Other securities
1.
Reserve with Federal Reserve Banks
Hampton Co.,
Houston
/
179,503
/';//■///':
R.
combined
make
44,025,973
r.e«
;
7,944
—
—2—-—
:
Interbank deposits:
Ratio
;
-•
179,785
358,355
27,428
33,699
'
949
—
12,778
of indebtedness
Balances wjth domestic banks
•• 1 ■
in.i—u—-
Capital paid
43,627,009
■
28
•
4(4% gen. mtge, gold-bonds, series
■'
Treasury certificates
a. S. bonds
1,346,740
8,239
-ag—..y.—......
Treasury notes
16,186,213
9,933 ,'i
1,107
—
rreasury bills
Great Northern Ry—
1st mortgage 4s,
//'.
Other loans
3,082
'
462
Other securities—
Loans to banks..-;.
592,798
1,247,849
/ 395,164 i
17,741,256
V; 1,727,921
43,426,715
deposits ...——
Deferred availability items
Other liabs,, incl. accrd. divs...
Total
425,407
17,659,246
1,607,716
10,283
Total
■
828,188
398,133
—
872,265
—
—
2,225
Real estate loans—
13,950,402'
;/
U. S.
-
8,964
+
+
1,608
Other loans for purchasing or carrying:
U. S. Government obligations
,
+
31
V::':/.V >//V
.
Liabilities—
'
99
7,300
—
/
.,
'
+
-15,190
loans..
61,760
■■
44,224,126
Loans
Loans-total——-ia
Commercial, industrial, and agricultural
1,784,593
V 34,476
66,538
w
''iyyy
19,265,264
.
■> ,159,729/
2,016,971
-33,329-
60-,555
-
—
23,608,350
110
-
:'152,042 *
1,929,745
• 33,305-
'
—
Other, assets,.——
'"*«
23,518,027
110
.
banks.
foreign
from
,
—431
accounts «xcept
Gov't
accounts,
—
14,929
#: Vr V/ V/
+
Department Stores. Corp.—
6%' preferred stock
—
—;-i——
&• Niagara, Lockport & Ontario Power Co—,
1st mtge. and ref. 5% bonds, series A, due 1955
Niagara Share Corp., 4(4% preferred stock———
"/ Northern New York Utilities, Inc.—
y.- 1st lien & ref. 7% bonds, series A, due 1946
National
<
•:
•
/Northwest
1
7
§3078
467.
Apr
Mar
7%
first
Inc.—
§2822
Anytime
'v."V;* //-: /': /!
preferred stock & 6% 2nd preferred stock-Mar
Publications,
>
196;
i</ 1st lien & ref. 6% bonds, series B, due 1947——Any time
% ■ V'i/Vj/
*„
-Feb 28
.
1
\
§2822
657
.
Company and Issue—:
■
Ref. mortgage 3 V+fe bonds, series B,
Philadelphia & Chester Valley RR., pfd.
bonds due 1948——..£
1st
1
due
1967
Philadelphia Rapid Transit Co.—* ;
5% and 6% bonds due 1962
v
----Mar
§3079
,?
.
,
?
*
'
0<r
.
_
stock——feb 25
Potomac Edison Co., 7(£ and f£ preferred
658
£;.
=_^«May ; 1
stocks
§1678
1
1
1
231
Class .B
320,
bonds
Continental
7'r
1S54——-Mar -7
debentures due 1967:L-—Feb 23
due
Southwestern Bell Telephone Co.—
'"\
/
:
.
Consolidated Paper
7
Forster
3-
preferred
1
Co.
5r<>
7
American
3-
deposit
50c
(quar.)__—
i'_
com.
preferred
(quar.)_
Co., Ltd.-—
DiVCO Corp.— ;
Stock dividend,
•
2-21
$55 Vic
'
—
Corp.-Seagraras,
3-
$1
3-
1
3-
1
3-
1
2-
$0,141
..
1-
7
-.
.
'v
53/.
—1
33/4re,,preferred'""01
preferred (quar.)„
162. £7.
East St. Louis A lnterurban Water
3-1
3-15
93V^c
—.
Bank
Co.—
3-
1-
2-11
3-
1
2-11
—
——————
$1.50
$1.50
50c
t
''
*
■•■
v
■■ ■.
-■
*v':%v."''':J
■
\
60c
\pp-''P
'Preferred
2-15 M Fitz Simons
X4-.-1
lP/;v2-i5£^:; •' "Quarterly
.
Inc.—v-,
,r
—
20c
-
American
Service lp-
pfd. <accum.)
$3 pfd. participating
Service Co..
Foundries
American Sugar
Farms
Co..
Co.
15c
2-28
•
'6-i 1
£
3-15
:
2-11
£2-11 Hi
1.
preferred
.
$6
conv.
Arrow
.
Ashland Oil
■
&
pfd.
Atlas Tack .Corp.—-i—:
AUto Gear Wbrks $1.65
.
£
%'/<>
■'
pfd.
conv.
Baltimore Radio Show, Inc.—
(quar,t_
?
;
3-1
15c
3-1
2-18
30c
: J
2-15
2-15
£
iP
30c
3-
1
2-18
£■:
£
$$1. £
4-
1
.
...
$$1.75* ■p; 4- T£
tlOc:
3r15. •
:■£
2-
2-28
i 3-
9
'
3- 9
6-
I
4-
25c
3-14
3-
3-15
$1.50
3-15
$5
2-18
2-
5c
3-15
Bass
<
& Laughlin, Inc., common.
5P-. convertible .preferred (quar.)_
25c
—
1
67? preferred (quar.)_-Blumenthal (Sidney). & Co., Inc., 7%
Borg-Warner Corp.
—
Bourne Mills (quar.
,1J-
$1.50
£ 3-30
$1.75 £ 4- 1
—
Braniff
Airways,
Bristol-Myers
Inc.
Corp..
pfd--
£
.
(quar.)-——1
new
com.
£:
(initial)--—.
participating preferred (quar.)—Brown Shoe Co., Inc., new com. (initial)
Preferred
4-
50c. ;
2-
1
15c
2-25
£
93 %c
3-
2-28
.15
2-28
2-15
2-28
£
3-
$1.02
Brunswick-Balke-Collender Co., com.
;
1
•
$5
preferred
(quar.
'.
4-
Burton-Dixie. Corp.
Bush Terminal Co, (increased)—
Butler Water Co.,
Camden Forge Co.
2-11
2-28
2-18
35c
: :
$1.75
preferred (quar.)--uX
(initial)
3-20
2-28
25c
(quar.)-:--,::i-'-X-X:—:
1
40c
15c
——
3- 4
•££3--l.
3-1
£
& Dominion
Sugar Co., Ltd. (quar.);
(quar.)——
Carman & Co., Inc., class B (irreg.)—„
;
15c
25c
.04
tpm'>
.}'
Central
Bag
Central
Illinois
•
,
-
&. Burlap
C0.J-—:
30c '
■
'
10c
preferred
Peter
;
t
i
.08
•
2-28
preferred (accum.)
6% preferred (accum.
$6
$1.50'/-
„—
$1.50
—
/•
3-15
/■.■:.03-:,;'
2-28
2-28
2-15
.10
2^28
2-15
2-28
2-15
2-28
2-15
2-28r
2-15
.03
U *071:
/■;
.05
'
'& .08
; ■ 25c
6 25c
(quar.)_
2-5
3-1
3-1
■
:;
87*/3&
Inc.
2-11
.7(7,;. preferred
1
2-14
4-20
4-6
2-
1
1-28
3-
1
2-15 ;
3-
$1.50
50c
50c
;
■
(quar.)
3-15
$4.50
2-20
3-20
2-28
Central & South West Utilities Co.—
•
$6 prior initial prefet -ed
$7 prior initial preferred
(accunr.
$5.11
(accum.).;
$6
Central Surety & Insurance Corp.- (quar.)„
Extra, ——^
:
vCetitury ' Ribbon-Mflhi,
Chestnut Hill RR. Co.
a %
(quar.),—
—.
50c
2-28
3-20
-
1-31
2-15
£ l,r3,l
.
■:50c
5-15
4'>l5c^£^
75$ :'£.
371SV f:'-£3« '1- '
.
3- 4
.
2-20
:
3-15
2-15
2-22
2-12
3-29
3-19,
;
I
Co,
3-12
'•'3-T *
2-15 :
2-21.
v2-ll
5-
1-29
1
i 5- ;t:
£ 2-15
2-
1
/-4-1 of
4*
5
~.3-' 1
2-18
£3-15
14* 1
,
*1.75
3-15
2-25,
4-16
4-26
the
2-25
3-1
:
rate and
$1.07
in respect of each
2-11
1
2-11
Joseph Water Co., 6(7 preferred (quar.)
Schiff Company
(stock dividend)
Schumaker
3-14
2-
3-1
2-15
3-1
; 2-11
4-1
3-12
4-
1
3-18
3-30
3-15
Shaeffer
3-30
2-28
Sherwln
t75c
3-
1
2-15
7(7-
0-20
3-6
$1.12 Va
Wall
Board
5
Canadian
Second
•"(!
5-
12(20
1
3-15
$U2V2
4-
1
4-17
2-28
3-15
20c
3-15
56c
2-15
3-15
2-15
:120c
3-15
2-15
3-
2-18
.,
2-
l
3-1;
.
20c
2-19
2-15
'( 50% ;■
®;i37^cl'-
International
2-5
25C
,
.
2-11
1-31
3-11
'2-11
investment
'
10c
.
3- 1
2-1
■
23c
Pen Co.
A.)
—X_XX:
•.
(Canada), com. (quar.)V_
(quar.) —______________
Williams
preferred
■
2-15
3-15
2-25
50C
(quar.)
3-15
10c
B
(W.
:
£
2-11
3- 6
$1.50
£
2-20
2-15
■
2-25
2-15
25c. j:
$15c
$$1.75 £:
■
Signal Oil A Gas Co., class A——•
2-25
2-15
5-1
4-
:1
4-10
.
1
3-8
3- 4
50C
3-15
50c
3-15
3-4
50c
SimondS Saw A Steel Co! (irreg.)XXX-:_
Simpson's, .Ltd., 4x/2(7 preferred (quar.) — $$1.12M»
Class. A (new Initial)—
$S0c
3-15
2-21
2-25
25c
3-15
Class
B '
——
3-15
.
'
2-16
1-31
$1,50
£
$1.05
(quar.)
Extra*
35c
£2-15';;
V'j
Trust; 4'-7 participating pref. (quar.)
: £:.£;.
Corp., class A (quar.)______
Class
1
3-5
£3-1
2-15
Serrick
•'■'
V
'
Co.—
$1.50 preferred A (quar.)
Sears Roebuck A Co.
(quar.)
Ltd.—
$1.06j/4
"
3-
St.
2-5
■
50C
(quar.)
2-21 ;
zivac
Roxy1 Theatre, Inc., $1.50 pfd. (quar.i
Rutland A Whitehall RR. CQ.(quar.)_i__—
20c
;
5
.2-15 £
ion
1-15
:
"
'
——
'
2-15
3-1
3-1
6(7
.'5(7; share
■Romeo' Pump' Co—
$1.25
(quar.
3-
.
12VisC
(quar.)___
3-15
£■4- r
,
t40c
(quar,) —
7-3729
; 3- 8'
23c
.
7V'a(7
p-
Kayser (Julius) A Co. (irreg.)—
Keystone Custodian Fund;.series K-l———
La France Industries, 6(7
pfd.: (accum.)
Lake Shore Mines, Ltd. (quar.)
S. V
Lamston (M. H.) Inc., (quar;)-—
£ Lane-WeSa-Uo. 2 (quafl)L
«,1
Lansing
2-18
,
3-22
3-14
2%(7
:;
-
preferred
1-21P
2-11
Motors;
' '37 V2C '''' ,3-25"
Republic DrlU A Tool Co.—
/
55c conv;, preferred (irreg.)X::L__X_X_
;
I33ic
4-.T '
; Rheem Manufacturing Co., common (quar.)
25c 3-15
4.y2P
preferred" (quar.) ——iXu-X:;„$1.12«4-;'.X 3- l"
l\ vlttsdoh? Manufacturing Co.::rirref.)^X:i:-X^>'i H56c^ ^£2^0
;
Rochester. Gas A Electric Corp.—
* •
?*
4(7; preferred (Initial)
$1.15 a share in
V
**'
' X
respect of each share formerly bearing
3-
1;
'
,
2-21
,
(quar.)—
Seaboard. Finance
Irving Oil Co., Ltd.; 6(7 preferred (quar.)i£
Jewel Tea Co., Inc., common (increased)
common-—-—
8
3-;9
50c
20c; £2-1*
PP .25c £ : 2-20
x$i.so
:;3- U
^
Reo
2-15
2-25-
mi-
$1
Indianapolis Water Co., C1I A com.*'(quar.)
5(7 preferred Series A (quar,).__
Co..
2-
2-20
.
,
common,
;
2-28
•
«''25c
Products Co.—
3-15
3-15
1
3-
—
*
2-
Drug
2-15
.2-11
1
/..
_
I
2-11
3-1
Katz
3-
Phelps-Dodge Corp. (quar.)-—
; ■£:■<• i--40oVPhiladelphia-Suburban Transportation .Co.__
::®*26C"7
Pocahontas, Fuel Co., In?.—.—
$1 ;
Potomac Edison Co., 6(7
preferred^-,—
; " ;$i.so.
-7%
preferred
$1.75 "
Princess Shops,; Inc., 617 preferred (quar.)
i5c::
'
Prosperity Co., Inc., 5% preferred (quar.)
$1.25 7
Purity Bakeries' Corp; 'iquar.)
40c
•■"'
Real Silk Hosiery Mills, Inc., common—
16c *
5(7 prior preferred A (quar.)
$1.25
£
1-31
Paul,
Ltd. (Del.) (irreg.
Mulliken Corp.
Pfaudler Co.-,. 6(7 preferred (quar.)
Pfeiffer Erewlng Co.__
2-15
.08
.06
•
f
,
Pettlbone
.
2-20
4-10
3-1
$1.75
:
Petrolite Corp.,
2-15 :
-01
2-13
preferred
2-28
5-10
$1.75
2-15 '
.04
(Dallas)
1-25
2-28
3-15
lOJjf
XXM.W'V'xx#;
if
3-15
♦Ic
(quar.)___^_—
Perkins Machine A Gear Co.— I
2-20
4 '/a (7
^
2-
t$l
$$1.73 '
?
:2-13\
2-13 •■)
£ 2-25
$1
1
3* 8
2-25
"
2-28
—
3- 5
3-15
Public Service Co.—-
' 50c £
,
6- 8
3-29
,
v
'
25e
fquar».L.wic.
(quarO————
25c
Spencer Bartlett A Co^fmonthly)..
,
15c
Quarterly
5-25'
6-i5
•
.04
ff; :
$4.50 preferred A <quar.)
International Nickel Co. of Canada,
3-1
5-31
■
1='7(7"
$7
.08
;
.05
2-15
2-15
40c
52.50
50c
2-15S r
3-1
2-15'
2-19
2-15
35c
3-8
2-26
Pt
(quar.i—
■
2-18
> 40c P
2-15
.04
,
£
2-26
2-28
;
7
'
2-28«
Industrial Rayon Corp.,
3-1
3- 1
2-
f
2-28
i
.08
2-15
3-1
I
.10
.07
.08
V 2- 9
50c
3-
2-13
3-1
17M» c ;
3- 5
3-15
2-15
3-15
50c
& Power Co. (initial),
3-13
1
2-28
720c
$2 class A. preferred (quar.)—
Carpenter Steel (interim >_.
Central Arizona Light
5
2-12
2-20 £
2-20
2-28
$50C
Malting
1
3-15
2-28
(quar.)
Steel
3-
.11
3- 9
Indiana
2-15
'
Canada
Canada
S
2-15
2-l&j
"3-15:-:
>
$1.12*2 f*!
Co,
3-1.
3-1
3- I t
,
.12
'
Idaho
2-15
3-15
/
*'
30c
—_
preferred (quar.)-
®
M
7
3-11
■
$$1.50
—
-
r
a V»-
PChnsyivania State Water Corp.-
-
'*
3-15 PP'Z* 1
£
$1.25
Bullock's..'inc..
.
30c
3-
$1
1
■
5;;
84c
m
2-28
Power Co., 4 (7 preferred (quar.) _S:i Imperial Tobacco of Great Britain
^PP.P-,.
•;■•; & Ireland,
ordinary shares^'
•'
Ordinary shares
(final):
4-19
5
<
2-15
Light &• Power (quar.)—
<
90c
Hunt Fqods, Inc., 6% preferred (quar.)
f
15c
5(7
preferred (initial quar.).^::_:v.u^:.':.- 12,(4s
Huntington Water Corp., 6(7 pfd. (quar.)..
$1.50
$1.75
preierred (quar.)
2-15,
2-"
2?
.20"
2—.*
;
2-: 5
U: .12
t .13
Houston
2-20
4-30
25c
(quar.)
1
2-25
2-25
2- 5
2-25;
.01
2-15
2-28
,
,
.2-15"
2-25 -I
2-25
,04'
.15
,
v
;®| $1 |
._*•
•
5
„
•
(quar.)
(irreg.i
5
2-
2-5.'
®:i04';£
——
(quar.)
2-
•
f.
.08
;3
-
1-31
,
Corp.
is-ai
Brush
'5%:
2-5.;
2-25
15c
2-15
2-28
2-25
y
Manufacturing Co
Fibre
'2-
2-25
iitxp
pfd—
conv.
preierred (qdaf.)^—
Paymaster Consolidated Mines>
Peck Std#
Wilcox Co.____
2-15
2-28
.08
/
2-25;
■:;
.
15c
:
2-15
'Monthly ■ —t———'-15c;
Monthly ..a.i.u.j.:——15c.
Hinde & Daucti Paper Co., $4 conv. pfd
• 63c
4-15 v£-'4-a.
,
30c
(initial)
Hibbard
5£,
2-5*
.05
;i
Parker (S. C.) A Co., 40c pfd. (quar.)_____
Patoh ManufafctUrihi Co., Ltd,) com.
-03
$1,50 • preferred,
Hecla Mining Co.
3-19
4,/i(7
::Parker ;PeBi'Car-'-(qiiar:')i:_;:;
:
2-15
Haverty Furniture Cos;, Inc., corn, (quar.)—,
3-25
1
35c
33,4%
_
40c
5
2-
Pennsylvania Water A Power, com. (quar.i_
$1
J £4- %'i
pp/i $5 preferred *(quar.i
4- l;
$1.25
:
Peoples Telephone Corp., 4*4(7 preferred— % 51.50 :
3-1
3-15
2-15 : 9 Peppereli Manufacturing Co.
50c
(quar.)
:;2-l5'.'
Hart-Carter Co., $2 conv. preferred (quar.).
-2-25t
2-
i :'2<5''
.09
*
:
;(Extra
2-28
.07
3-20
3-30
<
Bloch*Tbbaccd^Co.f'TOmm6ii£(qi(ar;^£itii^^>v^0o^££3
Car
:
2-25
£
£ .10
.
•
v
.
8
.10 s
.1.1
3-20
3-30
37V2c
•
2-25
.06
Fund
5'7 p feeler red (s-ai_.,
Paramount Pictures, Inc.
2
.10
.06
■"
5®
2-25
.04
/"■
Ox
Total
6(7 preferred 4quar,)—Hartford
Empire : (irreg.-)——
—- x
3-1
2-
2-25
.09
.
Pacolet Manufacturing*Co., common (quar.)
Common (quar.) :
2-18
/■/
'
3- 1
;
,«
2-18
P 2-28
,
'
6(7. preferred (quar.)—Blackhawk Brewing; Co..
American
preferred
$2
-
Ohio Power Co., 4(2 (7
2-20
;£•■ Hanley (James) Co.. common (quar.)—
7ck
preferred (quar.)—i—^
;.£
Harbison-Walker Refractories Co.—
Common
t
8
% 25C
.05
.08 •*;
5
2-25
.08
;
—
Oak
2-14
$50
;. S
5'"'
5.
2-
1
2-25
■•■■■:
Oahu Sugar Co. (quar.) ——/'P
5
•?
;S (.023 •£„ ; .00
Co.
2-
2-25
s:
'
2-
2-25
.68
Speculative Shares—
.05 from securities profits,
80c; preferred
1
2-
;
$1.23
.05
si-
5
2-25
6(7
preferred
(quar.i
Nu-Eriamel Corp., common
:
v
—
04
Gulf. Insurance
5
2-
.03
P'
.04
—_
Tobacco
2-15
ioc
3-
2^15
75c
2-28
:v
c
3-15
10C
*.10
-.—
-Utilities..
North
;
•
Equipment.—:_r
Railroad Stock
Steel
£ 3- 9lP
50c P; 3- ix
20c
;
^
Belding-Corticelli, Ltd., common (quar.)—__
•7'/? preferred (quar.i—
7.Belleterre Quebec Mines (Interim •—
Billings. & Spencer Co.—1__
Birmingham Water Works Co.—
'2-16
3-1
.
2-25
10c
.04
Railroad
'
2-
2-25
.10
:
4
2-25
■•'
.10
;_'■
—
li Nova Scotia Light A Power Co., Ltd.—
2-18
3-11
.12
.04
Petroleum
5
.04
■it
>x'x._yxx.'»x
-Railroad Bond:
£|
£.2-15
3- I
I
*
mn
.04
ixxitV^X X»'xk_x» ** ¥*y
• -swy,-*.
5£:
5,£
■
'
2-15
'
•;#
2-
.04
X Northeastern Water Co., $4 prior pfd. (quar.)
2-16*
,
1
.05
——
Mining
' Pf
3-
.02
Merchandising
: 2-15
2-28
Priced
Low.
P
'
Niagara Share Corp.,
:
Extra
.04
—
.—
Investing Co.
7:
,
£
2-26
41 Uc
Barlow &Uee^6 Manufacti^ing,Co.^Xv.vV;
41.26' class- A (quar.)---------,—1^;
Barnsdall Oil Co.. (quar.)——
Beaunit Mills,. Inc.——
Beldem Manufacturing. Co.., (quar.u-^—
3-11
2-21
•3-16
j
: 25c
St 15c
.04
siIndustrial Machine——_
7 Institutional Bond —
..
''preferred''-(quar.):i;£/^t:^fc:£^i:-^
—
''
1
50c
■
,
v
•
3- 1
.05
Admin.
enexal Bond
'£'
.u3
.09
:
—
ully
:£:
3-11
.ty,V
£
,
-
1-29
3-15.;.
&
3-30
■' m .07
.05
|
.05
v—
Food
££
£ 2-18
£ 3-15
37*oC
——'—— p
;—
Eleetrie Equipment
\
3-12
3-1
$1.06*4
(quar.i-
Powder "Co.u—--r———
1
|£"2£8:® £
5c
10c
:
(quar.i
Refining, 4la'<
Co. - (quar,
4-
$1.50
Atlantic. Refining
Atlas
3-15
:v7 Aviation'
^-.7-;?
prior preferred (accum.) —1
Corp.-'-—:————-
Corp.
3-30
15C
(quar.)
(111.!-^--
Liqueurs
Ariloom
25 c
;—
Regular
£ 2-13 £
:
2-
;
.01 £
...
"Includes
-
£'■'£
2-
Series
Investment
Diversified
3-16
/
:
;
^". Building
'PP Chemical.
2-il
3-1
Automobile
.
•/;
•
2-25 :
.04
Railroad Equip. Industry Series—.
Steel Industry Series
.Tobacco Industry Series.—-
-
2-15
-
TubeSi_-'--l—
Agricultural
.
2-18
-3-1
••; 3-
-
.Class
3- 5*
:v3-:l£::
75c
(quar.).—
££ 2-13
2-25
.07
Utility
//Diversified
•
Securities—^,
Group
2-28
4-
6V4C
common
•■,:
Great American Indemnity (N. Y.t—*
'
i;¥ Quarterly——
£
Green Bay & Western RR:; Co. (annual)
;■£■
Income
debenture-
; ,2-11
1
Steel'
Globe-'
2-19
2-11.
' 2-15
A Connell Dredge & Dock Co.—
Co.,
2-13
1
2-25
■
\iv .05
Railroad Series
'
15c
$4 preferred.
2-15
3-20
'7-,l"
'
25C*
-
,
1
——
'
'
6 P
v-•'
Industries Co, ' (quar.)
7 General Motors;Corp., common„i.-———,-4.
2-15 v.
£•£'' $-5 preferred
(quar.t-_.ii-.:--—
General Tire & Rubber Co.-'iLL——
1
3-
v
20c
V
common
•
£
64c.
_—^
$3 participating preferred ( quar.
'Armour •& Co:
^
■
/
1
3-30
General
3-15
2-15
i V: 50c.
;. $1.75
-
f: Participating
Arkansas- Fuel Oil-Co.—
3-
7
2-28 :■/
.
3-1
■
.
£ $4.75
quar;?\^^--
8
f 3- 1
3C
•
Refining Co._-.__
Archer-Daniels-Midland
Ar'den
3-
12 (2c f
& Socket Co. (quar.)-.—:;
Furniture Co., Inc. (quar;)
American Investment Co: of Illinois (quar,»
£'3-illp
4-1
,
■
20c
Louis)': (quar.)
American Steel
Flintkote
$1-
American Forging
Public
i;
'75C
25c ::,.:-4- 1
■:>.■:.•
American
American
'
1
3-
■
•3-1
.08
lndustry.;.SerIes:»;;4^££:-:-^-:»:U£v7
/Public
.
-'
2-20
'
Laboratories,
(St.
12*^c
3-
25C
3iy»c PP4-
477 pfd^. iinitial;quar.)_
American Automobile Insurance Co;
•
: '■
wi./zi.
Allied Stores Corp.,
•
of Reo.
"
"
1-31
1-31
Oil
v:!£i7,7:\v7
Co., Inc.—
5c to. $1 Stores '(quar.)
P
(quar.).
Agricultural* Insurance (Watertown.~N; Y.i-tr
Pi'- Quarterly —._——
--a
Air- Associates; Inc. (quar.)
Allied
1
Payable
2-20
25c
$1)60 )
,
t
S
2-15
\
1;
£2- 5 ■'£.£
££2- 5 K £
.06
Metals. Series
2-15
:,2-15"
i:P::
$30c
.
preferred
Fishmarv (M. H.)
IpShaxit'i
.
'common____---£—ti
Inc.,
Adam Hat Stores,
,
of Company
frame
$6
2-18
a'-'-
Increased-»
Federal Light & Traction Co.—
Government Bonds Series
.Insurance-StockMachinery Industry Series—:
'Merchandising Series
I
2-15
.06
::
3-15
■■
IS
S- 5
40c
»:Extrav;-—--iv-w—v
Bolder*
3-
; 40c
v
-•
-
3-31
10c
-
Companies
£. ■Pet.p"]- When->■
8
$1.75
X/Fajardo Sugar Co. of Porto Rico (reduced):
". Fansteel Metallurgical-r- •;,
1 \
*.v- 1
"
,PP Stock dividend,-, two for one split.
Federal Bake>:.Shop$7
•
*
.
2-
Gas: Co. jquarO— i— —
£ 77? preferred (quar.)
Park Place Co.. (initial)::———i—
I Employers Reinsurance Corp. (quar.)—i
•■::£; Extra
Equitable Life Insurance Co. of CanadarT'
?r /
t
/
Natural
Ei Paso
i
y-'j----••••.-r---.v"
The dividends announced this week are:
2-15
i ll
previously announced,, butt
Which have not yet been paid.. Further details and rec¬
ord <)f: past , dividend payments in many cases are given
Under the company name) in our. "Genetai Corporationarid j Investment News- Department?' in the week, when:
declared
9
-
.04
—
—
9-20
12-
—
Then we follow with a second table is
6-20;
9-30
12-21
3-
2-18
x
'
—
which;we show the: dividends
6-29
$1.50
$1.50
"
Itt th«
bring together all.the dividends announced tha,
If 3-20
3-30"
.
®_££;££f
•
2-25
40c
Chemical
—
£; 2"- 4 £■£;
3-
$1.75
£1: .07
Business
$1.75
1
2-25
1
$1.50
'
£
2-15
2-25 X
$1.50
'•
2-1%
3"!
'/
£ 3-11
:
$1
£
2-16
3-15
35c
Series———
Building Supply Industry Series—
Equip. Industry Series
Industry Scries——
Electrical Equip. Industry Series—
Food Industry Series
;
$1.50
7(7
preferred (quar;)———
preferred
(quar.)
Eastern Magnesia Talc Co., Inc.
(quar.)
P#: Quarterly
Quarterly
Quarterly
_————j_-__
Eastern Utilities Associates (irreg.)
&>_■_—
Dividends: are grouped in two separate tables?
'•
£
2-16
2-27 £
$2
—
Stock
6(7
DIVIDENDS
Works Co.—,
Industry Series
Industry Series—.
Aviation .Industry,, Serie3~-:-»rw^,-A:^..«5i
IJresser Industries, -Inci-
' '•! '
£, ;
2-16
*
2-15
■■";.14 (be
Dist.
A
m-
2-16
3-15
j
(final liquidating).....
Automobile
1
*:
$1
Alcohol
3-21
"
■z
$1.50
7(7 preferred (quar.i
Newport Electric Corp.
(quar.).
New York Stocks, Inc.—
Agricultural Industry Series-.—.______
2-18
.
;
we
Machine-.-:———i-
*"
2-15
"
$1.25
$2
■:'■
.
■
'
.
first
:£: :
3
2-20
for .one
25c
—
Extra1
;
spliU-,,1^.
Douglas (W; L.) Shoe, Co.—'
(r.
$1 conv. prior preferred
-u.——
80c
Dow Drug Co., common (quar,) ^.7———C
15c
V'c' -preferred (quar.) __-i-—
——:: $1.75
..
Ihnrrent weeki
A
■;;,,■
2-20
1
Drill
I
;""xiJ,'x. •/-'"*
.
1
3-
Twist
-
3-20 •£' £
9
3-
preferred
(quar.)
National Dairy Products (quar.)
National Pole A Treating Co—
Rational Union Fire Insurance Co; (s-ai
1
•£3-
3- l
$1
(quar.)
•
'x":£
2-13
v
-
8^7
.
receipts
7
two,
C.l:
25c
Muncie Water
4-13
t$1.25
—
Distillers
■
2-18
z7l5
.£■■■ 2-15 "V; £
1
$1.06
preferred
$1.75
.'"'(.,^25
£■"' 3- 1
';•/.■£■
Mother Lode Coalition Mines-*, : X
2-14
Vj$1.75
^
Uft
:
4
2-15 •£: 2-' 5
XV
50c
3-15
preferred (quar.)
1
3-
$1.^
$4 pfd._._
Morse
•
(quar.-)„'
■
Inc.', 77?
Distillers
Corp."-
1
35c (;£. 3-11
£x 3-29
£
(quar.)—
3-22
$1.31 V*
Insurance, Shares
Diamond' •■Alkali
bonds,,dated 1944_Mar 1 £
7'"
United Air Lines, Inc., 41b(? cumul. cony. pfd. stock__Apr
1 v;: ;£ *
United»Light Sc.Rys. Co., 5Vifo debentures due 1952—Mar 1 ; §2862
697
Utica Knitting" Co., 6 ft class. A preferred stock-—-—Apr
1
Wabash Telephone Co.-r•
I
'
.'■■£
357
1st mortgage 3 Vis, series A & B, due 1964-1965-Feb 11
§3241
Wilson A; CO., Inc., preferred stock:——
—-—Feb 20
Sin Volume
3-15
20c
Co.
(quar.)
(initial)
Reclaiming Co.,
Water
-
common
(quar.)'
preferred B (quar.)_:
preferred C (quar.)
4 'it - preferred D )quar.)
Missouri Utilities Co., common
5(7
preferred (quar.)
'Morgan (J. P.) A Co—:_>_
3-15
$1.75
(quar;)
Cushman*s' Sons,
Union Compress & Warehouse Co., 5 (i)
,
$1.62 V2
Corp., common—::
Oorp,,
(quar.i
2-
.3-
f
4(7
9
(quar.)—
$1.75 £
■
:■;£'£
2-14
x£ 42 Vac '£'£3- 1
■
93-^c
'
Vic
-
tin Volume 161.
2-
Phosphate Co.——'
Criim &
—
♦Announcement in this issue,
$50c
,,—l;
quar.)
■'4*
*"■
2-28
4 (7
1
Co., Ltd. (initial)—
Co.,. 612^. pfd. (quar.)—
Tel.
3-
J
25c
(new)
Common
2-15
25c
(quar.i
1
$35c
Minneapolis-Honeywell Regulator Co.—
2-15
56^/40
preferred
Coronet
1st & ref; mtge.- 3Va%- bonds, series B, dUe 1964-—iJun
•!.*, ,§1930
Syracuse Gas Co.; 1st mtge 5fe bonds due 1946:_::__Anytime ,y}: §2862
3^0
TACA-Airways, S. A., 4'*- • convertible notes, due 1948—Feb 13
^Taylor-Wharton Iron & Steel-' Co.—
-.7 ;£■££
Collat. trust (now 1st mtge.)-7J-aff cumul, inc. bonds - •
469
"due. 1958
;
————-—-Apr 1
,'Texas Power & Light Co.—
- £*■:-•
" *
£
£ 6% gold debentures bonds, series A, due 2022-—-July 1, '47 ;/ $2490
•"Toronto Elevators, Ltd.,
preference stock—Mar 7 £
Midwest Rubber
6
•—a-—
(Increased
3-, 2
(quar.)
Laundries
Middlesex
2-
quar.)—
partlc. preferred
$5,25
£
.
(quar;)-.
Cornell-Dubllier Electric
*
.
Co.
2-14
2-15
(quar.)__
preferred
2-21
Consolidated Biscuit Co.
Power
1
(quar.)_ :>;-w $1.50
(increased)
preferred
Co.
Thermit
&
Mid-Continent
3-
Corp;,- $4,25 pfd. (initial) 18 9/10c
Commonwealth Tel. Co., $5 pfd. (quar.)—.
$1.25
Connecticut
Metal
:P'7',c
2-21
Electric Corp.-
7(7.
preferred
$3.75
•
;
2-12
Pictures
&
Co.,
Shirt
—1
3-11
75c__..,.4_10
May Department Stores
2-11
Class A
660
Southern Union Gas Co., 6^
Manhattan
2-19
319
bonds---——-———-——,-'-------—-—Feb 15
Stanley Works, 5 £ preferred, stock--.—___Mayl5
Southeastern Gas & Water Corp., gen.- lieri collat. trust ■
Mallory Hat
2-19
3-
:
1-18
—
■•■,:,'/ 3-15
■
Sales Co.
'
2-15;
••
2-1
''20c
(increased)
MacLaren Power & Paper Co.
.-—-.u---.—
Gas
Columbia
Co.
Lyon' Lumber Co.——
Iron, -5 '/e\ pfd. (initial)
Columbia
Gas
2-11
(quar.')X.;:X££:
Brewing Co. (s-a
Columbia. Broadcasting System, Inc,v
Star
Ludlow Manufacturing A
Columbia
660
2-25
2-28
Lone
2-19
otRea,
'
2oC
.
"Extra
Colorado: Fuel &
£ 660.
15
ref.
income
Knitting^Ltd.;.common (quar.)_:
5jr: convertible preferred
-Royal Palm Ice Co.—
',
/£ 7 .-£'£;'£ y',£ £•,,.£ 1 _£ £•_ £
1st. mtge. 6s due I952_——
—Mar 7
Southeastern ' Ice Corp.; 1st mtge.' 5 Vsts, due 1954—uMar-7
SchUlte (D. A.l, Inc., preferred stock
—Mar 15
Schumacher Wall Board Corp., $2 preferred stocks—_Feb 15 ?■
•Second Church'of Christ,- Scientist (New Orleans)—£•■•:.
■'• ■■■'•■
&
7":"
Payable
'i $1.12 V3
4V2(7 pfd. (qu'ar.i
Liquid Carbonic 4 V2 (7 preierred • A---—-;
37»ac
Loblaw Grocerterias Co., Ltd. (quar.)_«____
+20c
pfd. A—
(U-.T.O
■
*
■
,
...
..
-
Lerner Stores Corp.;
City of New. Castle, water. Cq.^;
.7
6 'c
preferred
(quar.)
—_££
City Water Co. of Chattanooga—'
•
}■
5
preferred (quar.)
Collins A Alkman Corp., common
.
Reading Co. Jersey Central, coll. trust 4s due 1951-—-Apr
Republic Drill & Tool Co., conv. preferred stocks—-Apr
Ritz-Arlingtom Trust,- 1st mtge. 5s, due 1946___—--.^Mar
Root Petroleum C6., $1.20 preference stock————Feb
1st
Bar
Extra
I
,
Piper Aircraft:Corp.—"
/<■" ■
60-cent convertible preferred
Circle
1
Per
Share
;
;Lelghton Industries; Inc.-r-'".. Vp: '■' •'.•
: 75c: class
A series- •*
5(;v
.
—APr
—
—
Name of Company
.
••
rr..
.■; 'f*':S
.
preferred *•(accum.
Chicago A North Western Ry., 5(<>
,
(not
Philadelphia,
bonds
■
—^
'
Chicago Corp., S3 preferred (quar.y^XX'XX
Chicago Great Western Railway -Co.—£/£/£;
§2187
I
preferred), 3V bonds due 1948——Apr■
Newtown & New York RR., 3 V. mtge.
.
mtge.
i."7
Name of Company*
.
_
due 1966—---Apr
1st mtge.,
Mtinday; February* 11,1946
Page
£ Date- •
'£• .
■
Telegraph Co.—
Pacific Telephone &
f
FINANCIA!
THE COMMERCIAL 8t
816
10c
1
X*pr20i*
30c
t-
.2-15
3-15 :
_____
Socony-VacuUm Oil Co.,
Soule
Mill
(quar.)—
Inc.——
——_
-£.'
$2
2-15
2-16
.
'••2-16*'.
,
2-1
-
Southern
Pipe
':
15c £
Line Co. (reduced) l—_—
South westem Life
Insurance Co. J Dallas )—1
Quarterly'-XXXlX—
^
3-
4
:: 2-15*
:
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4463
Volume 163
v.
■
,
k
Hoiaert
When
'.">*>
/'■*■;v;'
■'■
■ ■■■
When
Per
■■■
Name of
of Reo.
Payable
Share
Name of Company
:
Share
Company
817
Hoiaert
\
of Rec.
Payable
Payable
■
3-
■
'yStokely-Van' Camp,The,—•}"
v
5%
<•-
'
preference
'Sun Oil Co.' (quar.##,
'Sunray Oii'Corp/,-4 y2%
-
(quar.)
'
-
-
2-28
5-
w
3.
1
4
1
2-15
2-
.
_.■-.
•
•
•
3- X
Bathurst
5
3-15
preferred
##*•■.
—.—
• <25c.
3- lj 4.>.2- 0
pfd. (quar.'# .
> 45c
Telephone .Bond St Share #Q,# #k i^mr -^>4/ :i<m ' ;r# s
2-26
i " Jr/r
3-15
2nd-preferred (;accunii»J)i^_«_„i>,^_^,;--i^ 35c
V&>Vr>V'
.Terre Haute Water ; Works ,Corp.'-T.'
■--,,
:
3-1
;: -7% /■• preferred
4 2-11
( quar,
,
< $1-7$
Texas Gulfi Producing
: 15 c
i 2-25
1-24
Texas Power,: $7 preferred, (accum; )#### > 44 $4
2- 4
3- 1
3-15
Thompson products,' Inc., .common-#### kk .25o
3- 1
;-4% preferred (quay. )„.',— ##.—##„#.:.
3-15
44. $1,
'Thrift Stores, - Ltd.—rv
#-,kv•■/ *• # #
2- 8
2-15
,> 6Va'/c .<■ conv. 1st preferred Jaccum.)$$$.2334:;
2-15
3- 5
Timken < Roller,Bearing: Co;,(quar. ###—~
•
56c
Tilq Roofing.- C04 4nc,i########## ••
2-25
$5® :;v;3-15;;
2- 1
iTokheiin Oil Tank. &.P.ump Co. .(quar.##{
2-15
# ;25c
2-25
Toronto Elevators, Lid.y 5.14:%;; preferred—J:
3» 7465c
3-20
Union Oil Co. of California, $3.75 pfd (quar.)
93%c
3-0;
1-23
Union Street Railway Co)-,.#-,#,;.
v\i(\$2 '
2-15
3- 2
Union"Tank:Car Co," (quar. )_,#,###:..#'
50c
'
;
Paper class A
(quar.)—_
.
'Bxtra
Corp., common
(quar.)——
Black Hills .Power/& Light, com. (quar.)—
5Vo preferred (quar.)-—,—_
■
Blair & Company,.:——
Blauher's (Phila.), common
.
3-
.
(quar. >##_#„##__
2-1$
6-20
5-20
'
10-
5'%
Venezuela
Syndicate,
Inc.—J——__
3-
^ 4 $c
,
.Walgreen Co., common (guar.)-—""
40c
i'/t
preferred
(quar,) 1^1414— -----—
Wentworth Manufacturing Co. (quar.)——
12VaC
Western Auto Supply Co. (quar.)—
.7 ,50c
Western
■
Utilities
SWhite
Motor
Whitaker
(stock
Co.
Paper
—
dividend)——,-'—^
(increased
quar.)
i--'4
2-15
2-25
2-13
683/4C
2-15
"
2* %
3-20
'
3-
8
2-11
2-
4
3-30
3-30
3-11
2-25
(quar.)
(quar.)^—
Bearing Co.4—
,2-14
2-19
1
2-15
44*5%
preferred
bearer
(s-a)
British Celanese, Ltd.—
12-10
1
5
4-
5
5
2'/2%
—
4
-
Brown
3-18
Fence &
Bruck
Silk
Hill
Buck
Wire
Co.,
4-
5
t%
Below we give the-dlvldehdsiannoimced in previoui
weeks and not yet paid.
The list does not include dividends announced
^
/given in the
Budd
4
(E.
Mills,jLtd.
$$1
—
—
Buell
Die
&
Machine
Buffalo
Bolt
Buffalo
Niagara Electric,
Ltd.—
2-15
2-
3-15
2-25
lndu»trUl aad Mlscelitneous ComDaniet
•
fSr''
-
||4'|
}
.
Acadia
Name of Company
Atlantic Sugar
preferred
Refineries,
.J 425c
$$1.25
-
:(quar.)-
preferred
Kid
Gas
Manufacturing
Portland
4%
Arch
American
Barge
3- 4
1-29
2-11
2-15
3-4
3- 9
1-31
American Can
pfd.
,
preferred (quar.)
American
Metal
^
0%
preferred
2-
2-20
2-15
2-15
4- 1
1-24*
3-14
3-15
2-28
1-15*
,N
3-15
2-28
50c
3- 1
2-15
.
*■ ■
?
2-15
3- 1
3- 1
Canadian Int'l
3-
3-1
•
2-
3-
5
1
;
Carrier
2-19
2-21
3-
3-12
.'Class
6%
Case
8
2-
5
-
..
Common.
„
;?3-30
-
3-20
.
7%
Co.,
preferred
(A.
M.)
>
.
•:'
$6
Dravo
4%
-
American1 Stores
T/o
■
Co.
,
-
$.250,
28c
(quar.25c
(quar.)———$1.75
preferred
American Tobacco,
4*
•
4- 2
75c
i,3-
3-1
;
common, (quar,75c
''■v^-CkJmmon-.'class'vB..'------------.-^-,.-.——
I
2-
3-1-
5*
42- 9
1
2-
3-
1
2-15
'
2-
1
1
•
(quar.)
60c
4-
1
3-15
4-
■
1 4
—,
3-12
4
1-30
,
2-15
1-21
2-15
2-
1
2-15
1 4
2-15
2-20
3-15
2-17
3-» 1'.
1-15 4
$25c
;';",i-4#A#^#i.*#-.i.«-w--.Wirt.-#
(quar,)-—
$25c
._4—■■*1. 25c
2-25
2-
9
.
,
pfd.. (s-a)-«
Baltimore American Insurance Co.
(s-a).—4
4——•—■'
.'—f
$1.05
':
.
3-
l
10c4#;;24i5|/
"
J, :5c'
4' 2-15.
2-14
2-
1
2-20
4-
1
3-13
••3". 4%
,
special: gtd.
•:•
Colonial
-■■'"Extra
2-1
Fall River Gas
5-
4-12*
Falstaff
1
2-15
3-
■:
1
2-
5
Co.######-#-
~
.
,4-15
3-
conv.
preferred
(quar.)
3-22
2-25
4-1
3-20
50c 3
2-26:
2-
2-15
2-
$1.25
2-15
6-
.5-15
$1,25
9-
8-15
,
2-
50c
4-
3-15
4-
(quar.)—
3-
r
50c
lOViC
$6
$20c
$50c
?5C
75c
Corp.
-
•
Class
B
&
Foster
Foster-Wheeler Corp,
3-1
2-18
6
2-18
3-1
2-15
„
2- 9
1-15
2-25
;
2-
5
.2-21
2-11
1-10
3-25
■
2-14
3- 6
.
2-15
3-1
3-
1
2-18
3-
1
2-15
75c
3-
1
2-15
$1.25
3-
1
2-14
$1.25
6-
1
$1.25
9-1
8-16
1
11-15
4-15
3-14
12-
$1.25
30c
5-17
3-14
20c
6%
4-
1
3-14
3-
1
2-11
3-
1
2-11
450
2-
1
1-28
25C
'
2-27
2-13
'k $2^50 :■'
25C
1
'■
1-31
1-31
2-
3-22
3-12
30c
3-11
3-
15c
3-15
15c
(qua*;###
3-15
100%
,
—-7
———-
3-
2-15
25c
at Bait., cl. A (quar.)
6%
1
k3-.l: •'
'
'50c
(stock dividend)
(quar.)
4-
'
(guar.)—#.
$1.12 J/avT:
10 c
3-1
3-
4
1
2-13
/
.
1
2-13
2-15
2-15
2-15
2-
$25c
2-16
1-26
#: $25c
2-16
1-26
2-15
2-
'■•v".$i ■:?
-
:
:
5c
37V2C
pfd. (quar.)
37y2c
preferred (quar.#——
6% preferred (quar.#——-—#—
"Foundation Investment Co.-$5 non-cumulative preferred (s-a)
#
,
4-15
250
~
i.—;—#■———
Kleiser Co
1-22
2-15
2-26
2-15
$1.25
Rubber Co.-r
preferred (quar.)
Co. (Initial),——
Florida Power Corp, 4% pfd.
(quar.)—,
Ford Motor Co: of Canada, Ltd, Class A—
3-
1
3-15
3-1
$1
Carpet
2-15
3- 1
425c
25c
2-26
3-15
$1.50
$3,
Life Insurance, Syracuse
3-30
3-
6-29
1
4>/2 %
Firth
2-11
2-11
87VaC
'25o ;
87V»o
31 'Ac.
3-30
>
Firestone Tire &
1-26
X 4
1
12-21
:
Corp.
Machine & Welder
Federal-Mogul
h
■
5
2-
25c
Works Co, (quar.)——
Brewing
Finance Co. of Amer.
Class B
(quar.)
•
3-15
S0o
2-
>
(quar.)—
(quar.#————
Federaf Eie^c""$1.6o"^clas5 4A
Federal
$1.25"
'5
2-15
$1.50
& Co.
Federal Compress & Warehouse
5
3-
3-15
2-
2-15
-
25c
8
,20c
4-14
2-15
,-#--#-- 4/# 250
■Farmers & Traders
6
$1.75 ;
4% preferred (quar.),—.
vi-Colorado Milling .& Elevator, common——,
$3
1
3-19
$1.59
/Quarterly —##
2-20
25c
oom._,_
Co.—
common
4-
50c
—
preferred
5%
Fairbanks Morse
2-15-4
25c
(quar.j/#,^——'
-
2-8
50o
Inc., common
Corp,
2-15
20c
.
—
■(guar.)——————/
Stores, Inc.,
2-1
2-151
25c
;
1st
I5c.
7%
guaranteed
(quar.)_3—
——
4,
Colgate-Palmolive-Peet Co.,; common (quar.)
.$3.50 preferred
2- 1
2-15
Co,——-—-—$L
Corporation,-——.
20c
Magnesia Talc (quar.)———,.—. $1.50
400 :
4
•
1-15
2-15'
5c
2- 5
———' $1.12Vz
Illuminating Co.,
$4.50 "preferred4 (quar.)
Cleveland St, Pittsburgh RR.
.
Baldwin/Locomotive Works,' 7%
j,
—
Electric
3- 1
25c
2-20
3-11
•
$1.12Vz
15c
preferred v(quar.) ———1———3/,iZ r
preferred (quar.)
—^
5%j preferred •: (quar.#—
City - Baking, 7%- preferred (quar.)—:
••
■
3-11
25c
25c
#
Cleveland
••
12VaC;
.
Cincinnati New .Orleans & Texas Pacific
1
2*1
3-1
$20c
Empire & Bay State Telephone—
5 4%
guaranteed (quar.),
——
Empire District Elec.;;Co., 5% pfd. (quar.)i
Equity Corp., $3 conv, preferred (accum,)—
Erie Railroad Co.. $5 pfd. A (quarJ-,-—#
$5 preferred A (quar.);
$5 preferred A (quar.),,—-##.—-■-#/ $5 preferred A (quar.)_,_,———-Eversharp, Inc., common (quar.)
—
1
—
5%
1
3-
2-23 4 41^31
$50c
(quar.)
1-21
2-15
3-
(quar.#
;Chtte-Copper-Co————#———4'
Chilton Co;4:'(quar.#——
,
3- 9
2-5
2-15
Elgin National Watch- (quar.#—,
Ely & Walker Dry Goods, common,(quar.#
,4
3-
;Ch&se
,
[
12-31
Electrolux
35c
Extra: —
——
1..."
2-15
3-1
2-15
$1.50
——
Candy Co.. (initial ; quar.)—_
National 'Bank k (quar.)
—
Chesapeake Corp.. of Va„
Chicago - Yellow Cab (quar.)
Chickasha Cottop Oil (quar.),',
4-
f
1
3-1
2-15
& Power-
Chase
8
'4 3-
$75c
-
-6%
;
3-12
40c
(quar.)
$4.50 'Preferred 4quar.),————i
Charis Corp.
(quar.)——
2-
;
487%C
preferred (quar.)————
1st -pfd. (quar.) (clears ail arrears#.,
Eastern Steel Products, new., (initial),#—
Eastern Theatres, Ltd.
'
^——
Eaton Manufacturing Co. (quar.#i«r--#4
Electric Hose & Rubber Co
3-15
$4
—
"•
6
-2- 8
8-12
$30c
:
6%
3-15
1
■
'■
6
8-
•&: 3-26
$$1.25
(aocum,),
Quarterly
..-Quarterly,
Eastern Massachusetts Street .Ry.—
.
4
Champion Paper & Fibre Co., com.
5-
3- 1
25c
-
—
2-8
>
•
25c
,
v
5-15
75c
..
Corp., c6mmon--a##i*(i4###-#
preferred (initial quar.) -##i###
Eastern
1
3-
,
;
preferred (quar.)——
Steet Products Co.,-—
Chain Belt Co.—-—
•
Extra;
Light
2-15
4-
44 8-15
#18
4- 1
$1.75
2-10
37V2C
-■;T5c:#; 2-28
3- 1
$1,25
-
Central Ohio
i
..
Ohio
50c
i.'50c
2-4
4-
:
$6
9
on common
and. clas$. B_-_r—„
25c
34.1
- >2- 9
^6-22
Amoskeag. Co., common (s-a)i—-—75c
7- 5
6-22
$4.50 .preferred (8-a)
—
$2.25 ,. 7- 5".
3-11
Ampco Metal, Inc.- (yea'r-end),.-,,—■>
10c
3-30.
2-11
Armstrong. Cork eg., common (interim.#.,,. , - 25o - .3-4 :
2- 1
Anchor Post Fence. Co.—:
20c
2-11
.Anglo-Canadian Telephone Co., Ci. A (quar.)
415c
3-1
2^ 8
'Argus Corp., Ltd.--■
*
"■*.■.
' 4; 4'/2% conv. preference (initial quar.)—L,"4$1.12%
3- 1
1-31
'Arizona Power Co., $3.75 preferred (quar.99%c
3- 1
3-15
^Arkansas Natural Gas,1 6% pfd.'(guar.)—15c
3-15
3-30
3-18
Ashland, Oil & Refining (quar;)————# ' * ioc
'3-30
2- 8
/ Associated Dry Goods Corp., com; (increased)
,
45c
3- 1
2- 8
,■
6% 1st jpreferred (qilar. i
$1.50
3-1
2- 8
7% 2nd preferred (quar;)—_I
" $1,73
' 3-1
1-25
Atchison, Topeka & Santa Fe Ry. Co., com.
$1.50
3- 2
2-13
Atlantic.Coast Line RR.l—4,'.",.$1-'
3-13
2-14
/Atlantic;Macarohi Co. (quar.)-—v—
■: ■ $1
2-15
Atlas Corp.,: 6% preferred (quar.)
—
75c
3-,l >; ,2-14
2- 8
Aunor Gold Mines (quar.)
^.
$5c t ')3-1,
2-15
Autocar Company, 45% conv. "A" pfd. (guar.) *
25c' • 3- 1 y
2-15
5%
preferred "BV (quar.)4^4«###—~.
25o 4#'3<v,l
2- 1
Automatic' Products .Corp. (quar.r. ; loc
2-15
Avondale Mills, common 4—
2-15
45c
3-. 1
■'Extra
Central
6
a-15
2-28
1
40c
.44
Co., Inc.
2-
Co.—
2-11/
4-
.
$4
Electric
2-26
?
1
3-
2-28
4 Thevarrears .'are now cleared on the two
Central Louisiana
2-16
3-20
2-29
East Coast Public Service
3-14
.
50c
...
■
.
iV;
Dwight Manufacturing
$1.50 4
—
—
common.,,,
.,——3,
(quar.)-—————,—
(irreg.)_„__—_3—
•
-
2-28
2-15
$i2Vfeo:/
—
& Co.
above issues.
:
2-15
3-
4', $$5
#/t$i, :
—
\ 6% preferred (accum.)—
■r;'
-fr
3-21 N ■rt 2- 9
;
30c
Paper Co., Ltd.- Class A «,■*-»'—
& Bradstreet,
1
1
--.'m
1
3-
Ltd.—
common
B
V
Eastern
;
112%c
preferred;'
444\
4-10
fc 10-10#
62V2C
Ltd.
8
22-
!
preferred (quar.)i_-_-#,u,i#-,„ ' $1,12Vi
Duquesne Light Co., 5% 1st pfd. (quar.),.
$1.25
Durham Hosiery Mills, class A (increased)50c
Class B (increased)
60c
,
.
1
3- .1
$25c
—
Illinois Public Service Co.—
Central
1
# 7-10
35c
Extra i
2-28
2-15
—
Caterpillar Tractor Co. (quar,)—
Central Foundry Co., 5% conv. pfd.
2-21
•
I.)
(J.
.Castle
42-18
.7 %
preferred
(quar.) —, ' $1,75 ;
.3- 1
2-11
American Railways Corp
....f4^0c^
2-25
2- 5
American Re-Insurance (M Y.) ':(quar,).^-4.,?<':>r250y4 ^2^i$,^
2-15
American .Rolling rMill—/ P,, 2Se.4 V 3-15
American Smelting & Refining Co. (quar.)50c
2-28 f s 2- 8
3-20
American Steamship (quar.)———■
$2
3-28
Mills,
•
35c 41
Drackett Co.
3-20
Dun
Ltd. (quar.)—^
4'/a.% preferred—-,
preferred A (quar.)
preferred B (quar.)
6%
33-
3-
./#.•■$#
Co., ;Common-i/w-.:
Donnacona
6-18
—-
25c
-
(quar.)
Dominion Stores,
$281/10c
Cos,,
Corp.,
Carthage
2
2-
2-18
(accum.)_
Locomotive, Ltd
Canadian Oil
2-19
3-15
Trust,
Stove
preferred.'
5%
-
,'.y
$15c
—
Investment
A
1
7-
25c
.
.
7X" preferred (quar.)^,i—
3-15
$25c
preferred
Canadian
1
3-1
25c
—
Inc.——Z.—.—-.
5%
2-14*
3- 1
$2
Class A-(quar.),;
r
2-15
3-14
20c
T.
Funding rights (year end)
Canadian Fairbanks-Morse (qhar.)
•Canadian Food Products,
common
a
.
75c
,i.
Co
Co.,t Ltd., common
(quar.)
2
2
Canadian Celanese, Ltd.—
j
Co.,
3-18
4-1
,
25c
.
3-20
$$1,75
$15c
—J,
;
2-18
,
3-!5
"
;
2-21
$37yac
$17 Vac
$17Vac
'
5//o preferred (quar.):
3-15
4-
5
2-13
75c
(quarX
class^^quar;)
Dominion Bridge Co., Ltd. (quar.)__^i_
ominion Envelope 6t Cartons - - 4 •
'
(Western), Ltd., 7% preferred (quar.#,.
Dominion 'Fabrics; Btd.—
!
•
i
54 >4
6% 1st redeemable preference (quar.)
Dominion-Scottish Investments, Ltd,—
4''
3-12
I
2-18
..
iquar.)
(monthly)—
1-31
4-
2-
# 2-13
1
3-30
:
50c
(quar.)——
37'/2C
Piamon i Match Co., common (quar,)—*4#
V"
75c
4 6% p articipating preferred (s-a)_.
3-15
Ltd.-#
3-11 i
3-11.
•
4American-.Pulley;.Cd.-^-;—.:,'.;2-15-.
American Radiator; & Standard Sanitary-—'
,
Northern Power Corp.,
Commons (quar.)—
7% preferred (quar.)——
Canada
'
\k
83c
5% preferred
1-31
50c
25c
1-18
l'>
■
3-
$1.75
r
anufacturing Corp, (quar.)^.—
Dominion & AngloVInVestment-Corp.1} Ltd:-
50c
"•.«
2-15
$2:
Dodge
Co._«
Insur.
2-21*
2-15
3-
5*
2-
3-15
$1.75
preferred^ (quar.)—####.#.—_.—
n-ef erred v (quar.)
. —4^,
"5%
2-15
,
# 3- 1
1.
2-19
•
4; Class
27VjC
1-31
3-15 '
'
$1
15c
—
I
,
2-15
$1.05
pjarticipating preferred (s-a) ^###i
-
-
1-31
4 / 1-31
2-15
'C
43%c
:
(quar.)—
•■
a.
w
50c
Dreferred/quar.)
preferred "(quar.)
C UP
37'/2c
Canada'Vinegars,'Ltd. (quar.)
4,
Canadian Breweries, Ltd.—
Canadian Car & Foundry .Co., Ltd.—
$2.10 partic. preferred———
.
$1.50
4 50c
American News Co.
(bi-monthly)—^—35c
American Phenolic
Corp.
(quar.)„_r—;
.
15c
,
American Meter Co.,
1
2-15
$50c
93c
,,
:
''4
■
Dixie
Campbell Wyant & Cannon, Foundry-/.,,
^
Canada Bread Co., Ltd., 4Vs% pfd,/(quar.) $$1.12V2
' 5%
class B (quar.)
$62>/2c
Canada Cement, Ltd.,v6J/2% pfd. (accum.)— $$l,62Vj
Canada
Malting Co., Ltd.. (quar.#-'
*50c
2- 5
.162Vic
75c
preferred
Indemnity
2-15
Life
1
•
25c
Leather—
American
2-20
$1.50
$1.75
# $2.50 preferred (quar.)
$3 preferred (quar.)
Products
3- 4
States
2-15
3-
$30c
/ 6%
62VsC r
(initial)-—
1
■■
Gas/ &
2-1
5 5-31
(quar.)
2-15
3-
Co:'
Detroit-Michigan
.
(accum.)
Home
1
1
(accum.)
American Fork & Hoe, common—
American
8
2-
$3.50
$1.50
30c
& Pretzel, 1st pfd. (initial)
Cryctal Sugar, 6% pfd. (quar.)__
Factors, Ltd.
(quar.)
American & Foreign Power Co., Inc.—
■
2-
(quar.)
Co., common
Extra
3-15
14c
American
American General Corp, $2
2-U
:
3-15*
;
#3- 1
$$1.25*
$4.20 pfd.
5
20c
Electric Corp.—;
—
Detroit Gasket & Mfg., 6% pfd. (quar.)
-1-31
(quar.)
preferred C
California-Western
3- 5
3-1
75c
preferred
4,4%
2-15
4-1
i
Power
&
Derby
1-31
514%
8
15c
(quar.)
Shares
American Cone
American Hide
&
4. 6%
convertible
25c
$4
25c
20c
4 $$2
$$1.50
American
•
California Elec.
5%
2-
25c
(quar.)-—
Co."(quar.)—
preferred
preferred
4
1
4-
2-12
75q :
V
Quarterly
Deere
California Water Service—
1-31
2-28
2-25*
/
Quarterly
;4
1-31
convertible prior preferred
California Packing Corp,#
com.
(quar.)
Line
American Business
$1
25c
1-29
*
Mills
2-
3-15
43 34c
50c
3- 4
California' Cotton
1-25
2-20
.
2-11
$1.12 V.
3- 1
4-1
—
Co.,
4
15c
12Vjc
Co
American
4; $7
Byron
1-31
35c
20c
preferred (quar.)
Jackson Co.. (quar.)——
2-28
99%c
•B-,(quar.')__,4-i##ii-###-#w#s
(Alfred) & C<ftm (quar.)
"Class
Decker
1-29
10c
;
4j/2 7»
2-20
Publishing
prior preferrd
Ltd.,
$4
4--
1-29
:
'
■'•■
2-27
25c
■Delaware &4Hudson Co. (quar.)#—.#—#l,
-
' 2-15
Cement-.
Aluminum Goods Manufacturing
iM $6
3-10
..
r
■
v.;;
1
■
40c
(quar.)
Davis Leather.1
2-28
I2V2C
$30c
$$1.75
Aluminum, Ltd., common—
4 6% preferred ?(quar.)
•
4- 1
3-15
,
Co.—
(quar.)
(quar.)——-
Co.
Allis-Chalmers
Alpha
of Ree.
*
2-15
3-1
12 V2C
—
25c
.——
Allentown-Bethlehem
Allied
;
;
87'/2C
Co.—
Extra
•
Holder*
Wnen
—4-
1
42-15
3-11
Burlington Mills Corp., com. (increased quar.)
3 4% -preferred (quar.)
———
Burroughs Adding Machine Co.————
Butler Brothers, common (increased)
——
Extra
Agnew-Surpaps Shoe Stores, Ltd,, com. (quar.)
7%
preferred
(quar.)
—
Alaska Juneau G&ld Mining Co. (resumed)—
7%
: ■-
Ltd.--
•
J
..
4
2c
2-14
12V2C
Wire
Aome
Per
4^43
iftors I ■ Payable:
'
5%
'
.
44 CommOn (quar.)
4
4/ Extra
/
Curtis
2-15
1
2-
1
3-
$50c
(quar.)—#
Imperial-Mills, Ltd./(quar:)#^—-#
preferred
2-18
1
2-15
50c
preferred (quar.)_i—#————
r.7% preferred (quar.)#—-4-##^.
Cuneo Press, 4Va%' preferred^##^###
2-21
3-
-
Bunker Hill & Sullivan Mining Se Concentrating .'Co,
'■-3-
25C
3114c
7%
2-15
12 %C
-
2-15
Co.—':4,".;
*
Crum & Forster 8%
2-14
h
$1.25
T
•*
4
3-15
(final)
59 7/10c
——*
20c
pfd.
5%
——
1
3-1
Cuban American Sugar- Co.—1
2-28
2-28
■"•-
(quar.)
Bullock Fund,
3-15
$1
15c
(quar.)
8
3-
4'
C.—-
•
$4 convertible 2nd
1-23
20c
Co. (increased quar.)
Line Co..---.,-^,,,
G,)c $5 pribr preferred (quar.)—_
Ltd.'
CrOwn Zellerbach Corp.,
2-?6
4;
$20c
Falls
(quar.)
Crown Cork & Seal Co., Ltd."(quar.,
Crown Drug Co.
7% conv. pfd, (quar,) —
2-26
3- 6
lf
3-15
2-
3-15
25c
(quar.) —"—
preferred
.
$2
:4
class A
3-30
3-15
"
2-26
V
American 'deposit, receipts (final)
British Columbia Packers
(increased)——
Co.
2-i5
-
50c
;
- $15C
Igxtra ?w —
93%c
Crane Co., 3%%
preferred (quar.)
25c
Crown Cork & Seal, common,,— .4
25c
2-26
4-
—
2- 5
2-4
4-
7d
Ordinary registered (interim)
Ordinary registered (final)——
2-15
!
7d
lOd
(final)-:
bearer
Ordinary
;
'
-w5%
5
3-1
50c
preferred
Osmos
5
2-
.
____
2-11
2
1-31
2-
1
40c
Continental Commercial Corp.—
*
7%
preferred (quar.#
Cook Paint & Varnish Co., common (quar.)
4' $3
prior preferred (quar,)#.«###
Corrugated Paper1 Box Co., Ltd.—."
...
Buckeye, Pipe
"
2-20
—
'•
.,-
v.,.
preferred
$2.75
"
,2-15
Z 2-15
4-
2-25
50c
Co.
Brager-Eisenberg (extra)—
—
$2.50
Brandon Corp., class A—::——$1.50
, 62%c *
Brewing Corp. of America (quar.)
British-American Tobacco Co., Ltd.
2-14
3-15
$1.50
r
50c
50c
16c
Rubber
&
Hose
Bourjois,' Inc.,
2-25
2-28
,15c
25c
10%
-
Woven
Bower Roller
Corp.— £;
conv.' preferred (quar.)
Westinghouse Air Brake Co.——_.U——
6'/t\
-
1
1
3-
32'/aC
Container Corp. -of America (increased),—
Continental Can Co., Inc., com,: (interim)#
2-15
3-
$1.50
(quar,)—
Y.) (quar.),,,,
Gas
/; Quarterly'
Consumers GlaSs,
$3.75
1
55c
(N.
Paper
>
4-
60c
Utilities Corp. (increased)
Laundries Corp.
(quar.),—,
4
12-10
12-15-4
- "
Consolidated Vultee. Aircraft—-
1
3-
Manufacturing Co._-^——
Boston Fund,
Inc.;4 (quar.) :
1-28
3-15
3-
2-
3-2
Corp.
$1.25 convertible preferred—:
Consolidated Water Power & Paper
2-15
2-15
9-10
'
.
.
■
2-14
$3.50,4
" 4
Consolidated
42-9
3-12
:4heferred/taccun),)4-#-----^^—
>### V
Consolidated
.
& Co.
7%
C.),
1
6-10
(quar.)———,— —,
(quar.)——_T——
Power Co.—"
'
# ' 4
(quar.) ,i—_——
Consolidated
2-15
2-28
3*
.
3-10
6-15
9-15
River
consolidated Edison Co.
$-15
3
X
Boss
2-25
-3-12
;
■
(H.
Boston
9-20
:
.
Common .*(quar;#
X
3-
JBorden4Co4 (increased)&0c
; 12-21
1prior'preferred (quar. )#„____.,
62'/ac
:
3,,##:;';■ / $1'
.Universal 'Winding/,Co.; 7% pfd. (quar.)—,.« -"'$1/?$, .4,2-;
3- 8
Van Dorn.Iron Works Co. (quar,)
1>._. '
50c
3-1
Van. Raalte Co., Inc. .(increased)—
^4
50c
•; v.
Bohack
?: ;7^ 4at
3-21
'-, -7-;
3-
& Power— !•
6% preferred
/Consolidated Cigar
2-11
1-31
3-15
—
preferred
preferred
$2.20
; <>
% 2- 1 %
2-1
;
4 3-11
(quar.)
v—20c
1st pfd. (accum.).—t
$1.75
(Sidney)
Blumenthal
■
kjutica Knitting CaM;/5%" prior pfd; (guar.)#
',62 Vac
#k#^:/pnQ,r> preferred -(qua#) ####### ? ";.62M»c
pftcu/preferred (quar.##.#,#,,#,,
62Vao
4
2-20
3-15
2-15
4
(Toronto)
Quarterly
Connecticut
12-28
2-15
^4^asS4B4:(resume4>#t4###-*>#«.^»-^' ,4 $28c '
2-18
.--46-10';i
-*,^4-'.l-
$2
1
3-
2-15
(accum.)
preferred
$1
$$1.50
7%
Gas
44 $2.40
2-20
2-15
62V2C
(E. W.),
..
.1-31
3-11
,50c
>41'%/ lst'prelterred';(flua^4i£*;*i~^i4i^4w-:' r4y ;.$2),
preferred
^
3-11
;U. 6. Rubber Co., common (quar,#
8%- 1st
2-15
2-15
1-25
2-11
■
;■
2-15
Connecticut Bight
,
Bluo Ridge ;Corp4 .-$3
2-15
1
3-1;
:3-., t.
'.475c...'
5% conv. preferred (s-a).
convertible preferred (s-a)—'
conv. pfd. (optional)
Payable in l/32nd share of common stock
V or 75c in cash.,^--—1-Blue Top Brewing Co., Ltd.—,
>
Bliss
v
'
.United Biscuit Co. of America,'com. (quar.)
25c
5% preferred ••• (quar.)####!#!###!/ '$1.25
U. S. Elec. hight & Pwr. Shares; Inc.; ser, B
- 5c
——..
1-30
2-21
.
>.
9
1
3-
Quarterly$$1.50 ;
•! .Quarterly;
i—i**# '$$1.50 ■
Quarterly'—,—#4 $$1.50
Conn (G. C.) Ltd., 7% prior preferred—$1.75
1-30
2-15
1
2-15
1-15
'
2,
#25
1
3-
2-
Concord
2-20
43-. .4.;
12J/2C
:
75c
;Biaw'-Knox Oo. ■ C-w—^- 15c
.
,
:
(quar.)
—.
$3; preferred# (qpar.)_,——_——_——'
.
„
30c
$1.25
20c
2-
2-
2-25
2-16
1:
1-19
2-15
3-18
2-15
.Confederation Life Association
"
$1.50
$1.75
—
14
1-19
2-15
Corp..
i
4 4
9c
Ltd. ——i,—_;4-/4$ 'Ac
Int'l Corp., Ltd. (quar.#:.— 1
$4c
Compania Swift Internacional (quar.):.,i.—
40c
Compo Shoe Machinery $2.50 preferred#..
62Vic
1
3-
2-15
50c
Steel
preferred
2-
2-15
'42-15'2-15
"25c'■
,
Bethlehem
,
7%
■,
4
1-19
2-15
$1.25
Commonwealth
1-31
;
:
of Reo.
•.
Commoil,
"
" $1.25
' 4|6c
'-
u,
1
<■
2-15
Commodity
/
3-15
1
3-
$15c
Best & Co.,/Inc.• (quar,)
.
1-31
%
4 2-13
.
.
4
2-28
4
3-
4
Extra
~
preference (quar.)__ "4 $1.25
Columbia Pictures, $2.75 conv. pfd. (quar.)# 68%c
$2.75
convertible
preferred—
25Vbc
5
2-28
4- 1
3-
37'/ac
coqvertlblo preferred ' (quar.
Bertram. (John) & Sons (?o,> Ltd. (s-a)— *,
A5
#
$1.50
,
^Cumulative preferred 5% series (quar,), .;
9
3-15
2-15
Oquar.)_
Berkshire Fine Spinning Associates, common
t
1
3-
20c
12Vic
,
,
4-
3-15
4
; $$2-:
Beiding-Heminway Co.
(quar.)—
Bell it Howell Co^'CQmmon,.;„v.«,4-,w
'
2-25
-
&
Belding-CorticelH4|itd/s(extra)'w»-,i-U-»-4C~"
v2-15
•
Power
2-
4 3-
2-X4
$1
$25c
•
V
(quar.).,,;
preferred series A
6%
5%
|l2VrC4 4:
(quar.)—
Corp.
2- $
2-20
29c
...
,4
Iron Works
Columbia Gas & Electric Corp.—
4 4
Extra
Bath
4W'«->4^1:4 it 3-22
25c
3-1
.5°.
Ameripan shares. (interim)
2-28
3-30
4-15 a
Show,
Bankers , Tryst Co. (N. Y.) (increased)45o ' 4
Barber-Ellis, Co. * of'Canada (quar.)
4l2Vaq
2-15
:':-3rl5
Radio
Bankers ^.Shippers Insurance (N., V.)—
,,
<,
'• 4
*•4 Quarterly.*J-----——$1...
conv.
prior
Inc.—.
Banco de Los Andes—■
V'-.i >\i&hP)t$A
,)
*
Baltimore
2-19
j
•
.
2-19
1
3-12
•
1
3-
Spear & Co., $5.50 1st preferred (quar.)##
$1.3714
$5.50 '2nd preferred
(quar.######- ^lAV/a
Squibb (E. R.) & Sohs—" > •'
• • .
> ;
v
New, common: (initial) v,—,#
—#- ... -25c
,^.'•'$4"preferred - (quar.)##»####~-###i#>
:$1
Btahdard Cap & Seal Corp;—
$1.60 conv. preferred; ('quar.########/#40c«
Standard Oil' Col (Ohio) common,,,-^,.-,-,, -k#25c,
»j
3%'/f -preferred >A
(quarv ###,_###_ .••■; 93%c
Standard Silica Corp. (qua#)##,—-# #—
"/■10c
Sterling 'DrUg, Inc. Hquar.)
,—#.,.
-• 40c
Holdert
When
Per
Share
Name of Company
2-15
,
37y2c
$2.50
4-
1
# 7-. 1 /
10- 1 V
# 2-15
1
5
3-15
6-15
9-16
v> S
,
THE COMMERCIAL & FINANCIAL CHRONICLE
318
-v
Freeport
^
,
Wood
A*Mo
General
25C
-'C-dneral Foods Corp.
Phoenix
6-25
5-10
Landis
5-25
5-10
'-r Common
25C
3-11
2-27
■
;y
7%
40c
General
(Rochester),; Class
—II————
B
2-
25c
3-12
2-25
$1.50
2-15
;
"
1st preferred
2nd
The
2-8
2-15
1-17
(s-a)——
1
: -25c
5-
1
A-—
'5Cc
".
3-
2-15
1
1
25c
2-15
2-
2-15
1-30
4-
3-13
%t 40c
56'Ac
>
1
3-13
4*/l
7'/;7V:y
3*
$2
1
5
_
2-25
any.,.a.
3*15
37'Ac
$1.25
Gossard
(H.W^/Co^/III-————1-——.
25c
Grand Union -Co.——————z_—/-•
—35c
Graniteville Co., (quar.)
30c
y.'-.vi;.'
Extra ———————————————________________
30 c.
Quarterly _——,—I_—_«_—I-_____
•■■■ 30c
Lord
'2-20
Louisville Henderson
Common
2-15
3-15
Lynch Corp.
4-24
Macmillan
8- I
A
7-25
8-1
?
7-25
5-
——-
1
6-1
'
.
'
z—l____z/
Extra
pfd;
Graton & Knight Co., 1%
(quar.)—I
.30c
-
■
2-
Great Lakes Dredge & Dock Co.
Brewery
Western
convertible
5'A%
(quar,)—,
Co.—y
preferred
.
1-31
1st pfd. (quar.)—y
Griggs Cooper & Co., 5%
fi %
1st
Hancock Oil
^
(Cal.), Class A (quar,)
—
3-
5Cc
.
(qUar.)^r-w^^-^.^,rK?:^--r'-*-common—-------
.
1st
6f/o
4
21-15. j
2-25
4-
•
,
j
Hershey Chocolate Corp., eemmon (quar.)— >.i;;;;75c
$4 conv. preferred (quar.)—
—
$1
■Extra i—si.-.—$1
-
$2
Hercules Powder Co.;:A%: pfd. •.(quar.)_-.—I;; -Div. rate reduced'from 6% to 5% Nov. 15th.
Horn
Hardart. <N.
&
Y.)
Corp., common-—r
,5, preferred; 'X——
Hudson Bay Mining & Smelting Co., Ltd.._
Hudson Motor Car; Co. (qpar,)-^.—*
Humble
Oil
Refinhtg Co.
&
Hummel-Ross Fibre
.
,
(quar.)—.
6% pfd. (quar.)$2.25 pfd. (quar.)
Co.,
(Tom) Peanut Co.
Power,
common
t50c
10e
ZIV2C
Zinc
2-25
3-
2-15
^
2-
1
3—; %
■■
.2-8
:
2-14
1
2-15
9
2-
3-
2-20
25c
—-
1
2-12
2-12
3-11
3-
9
3-
1
3- 1
2-
4
$1
3-1
2-13
20c
2-28
1-31
$1.25
2-15
12-31
2-15
12-31
—
Co.'
Inland Steel
Institutional Securities—
;
.
-
r
of
Co.
North
'
,
& Bond Group rhares—
Insurance
'
—;
—
America
"
-L-—•
Extra-
International Business Machine Corp.—
(initial
International
,
:__Aw——
quar.)
Harvester Co.t-<
50c^
'
3-11
$1.50
:
.
,
•
Sf':.? 7'% ^preferred r (quar.)—————
X$1.75
International Power. Co., Ltd., 7 'k 1st pld,_ $$1.16%
International Rj's. of Central America—>•
' / -•
<•
^
(S-i)___a-
1—
3-
1
50c
3-
1
37'Ac
3-
1
jaeger
Jantzen
,
,
; 5f/c
Machine, Co.---—_—
Knitting Mills—
preferred
'
"'
(quar.)
preferred (accum.)—Co, of N, Y. (s-a)-——
Johnson' St Johnson (s-a)—I——-I——->
Jones &, Laughlin Steel Corp.," com.
(quar.-)
5V<>
5%
K
W
Hable
7%
preferred A
3-15
2-21
2-15
37 Vic
:
,r 1 '
Insurance
Jersey
:
' 25c
2-21
*
t
f'
'
'•3-"L
2-28
$13
"' " 90c
/ : 10c
' -50c
3-15
preferred
:
1
4-
1
2-15
preferred
National
''
(quar.)
9- 1
,$13-1
$1
3-1
- $1
3-1
50c'
3-1
'
(quar;)____
Automotive Fibers Co.-_____j_^rl
$1
2-15
50c' ...;2-21
'
^
6-
156
;
National Biscuit
National Department Stores,
National
■.
Electric
Welding
6%
"
1-28;
City Power & Light Co.-'-'
"
/ >.
preferred B (quar.)—A.-—-—-~-v y- $1.50
Kellogg (Spencer) & Sons, Incj (quar.)-—J (/[.^.45c
Kearnev <te Trecker
1—
i-i
y 37'Ac
Knickerbocker
Extra
.
Koehring
—
Fund
I—
Company
—
(initial)-———i—
£
4c
25c
9
$$1.50
$75c ?
of
3-20
2-19
3-20
Co.
Public
4-15
4-15
' 3- 1
$2.50
•
Service
Co.
5%
preferred
v::6%
preferred
7%
"7
preferred
Colorado—.,
(monthly
(monthly__:
(monthly)
Service Col of
;41%c,'7 3-l:
♦-
preferred
$1.25
(quar.)
2-15
2-15
3- I
Indiana, I'hc.—
25c
2-15
-3- 1
50e
58M»
»
Cominon (quar.)/ ;
fcy
•
'
6%
2-15
3- I
50c.:
2-15
7%
8%
:2H57'y
preferred
(monthly)
preferred (monthly)___
preferred (quar.)
preferred (quar.)___:
—
$2
.
Quaker State OU Refining (quarO I-*i/-.*-i—'
8%
(Pittsburgh)
preferred
Rapid
Extra
■
2- 9*
2- 9*
■■
2-15
2-28-
3-29
,1*24
3* 1.-.
2-.5-i
4- 1
25C.
3- 8
2*28,
,
3*15
/
3-1
3-15
10c
3-1
3-15
3-15
3-15
f12'Ac
______—
2*28
2-15.
2%c
50c
25c
•' 60c
•
4-20
1-15
3-29
37'Ac
:
!
(quar,)
Rayonier, Inq;, $2 preferred (quar.)
Reading Co., common (quar.)__._^j_____^_^
4%
1st preferred
(quar.)
Reed-Prentice Corp.
Remington Rand, Inc., common (quar.)
~~—
:
.
common
(quar.)
Electrotype
i
3-15
$1.25.
.
71.7.%:" preferredy(quar;)I_/i_/I/_____i___j^.',I,«$l,757:
Puget Sound Power Se Light Co, (reduced),; I
25c
Pure Oil Co,,. common_^______________»n_j.
25c
5% convertible preferred (quar.)•
$1.25
Rand's!
;
50c^ 3-15 ;iS:2-15
$;Z.75 7 3-15
.:2cl5".'-:
__..i :
Public Service Electric & Gas Co.—
$5 preferred (quar.)__i,__________i_
■■
2
12-25•
2-20
2-20
.
2-28 "
3-12
3-
1 <
,
^ r.%,,
^ 2-15 •
: <•
3-1
Public-Service Corplbf N, J„ $5 pfd, (quar.)
7
;
•
ul.;.
-
3-
4-1
2-14
' 2-21
■
2-15
3-1
4-1
54-1
$1.12'A
4- 1'
3* 8
30c
___
1
3-14
1-17
.
3i14
50c
1
3-
•
/ '!Stock dividend /__•
3- 1
2-18
___r_
31 8
$4.50
preferred
V 3-15
2-25
(quar.)
3- 8
National Liberty Insur. Co. of America (s-a)
Republic Investors Fund, Inc.— 10c
2-15
.2- 1
1
7
2- 5
; •
6% preferred Class A (qiiar.)___Ij______
lExtre::J;. : 50 '
2-15 \\ 2- 1
15c -1 5- t • * 4-15
National Linen. Service Corp.* com. (quar.) '
-76% 1 preferred Class B (qUar.)i^_i_—-M
25c
4- 1 ' : 3-15
4 >15c
: = 5- l'-"" 4-15/$7; preferred ,(Sra)
Republic Petroleum Co., 5'A% pfd. (quar.) 7 683Ac'7"
'$3.50
3- 1
;'2-15
2-15 y
2- 5
2- 5*
$5 preferred (s-a)
$3.50
3- 1
2-15
Reynolds (R. J.) /Tobacco Co.f com; (quar:)
• 35c'
2-15 ' :l-25
2-13
Common B
National Oats Co. (irreg. >
(quar.)___i__
35c
2-15
1-25
25c
3- 1
2-19. ;■
2-15
Rolland Paper Co., Ltd., com. (quar.)
National Paper fe.Type Co., com. (Increased)
50c
2-15
1-31
$15c
2-15
2- 5
2-15
5c/c
7 6%
preferred
(quar.)A
preferred (s-a)
$1.25
2-15
1-31
$$1.50
3- 1
.2-15
3- 1
Roos Bros.Y'Inc, (quar.)_i.__«_»_____!__I___w • ■ 1 50c 5% preferred (s-a)
;
—$1.25
' 8-15
7-31
3-20
- 39'
1-31
National Rubber Machinery (auar,)—_— ■ f * 25c
,3-25 •
3- '6 / Root Petroleum, $1.20 conv. preferred--/-- %
16o • - 2-15 4.;
1-26
National Securities As Research Corp.—*
"*. Rubinstein'4 Helen a)/ class-A
''
(quar,)^_
- 25c
«J t
4- ,17 7/3-15»
2-11
Preferred stock, series
18c
Ruppert (Jacob) Co., common—25o
•
3-1 '
2-15 7
,2-15
1-31
/ 'Stock; series
* 14c
2-15
7
7 4V2CU preferred (quar.)-_-_u^___—$1.12V» V • 4- 1
1-31
7 3-10
2-25
Selected group series
6c ".. 2-15
1-31
71 Saco-Lowell Shops (quar.)_____
25c
2-25
2-il
1-15
National Tea Co., 4'A 1c pfd. (quar.)______
53'Ac
.5*15
5- 6
Sarnia Bridge Co., Ltd.__:
♦ 25c
J 3-15
2-28
2- 6
Common (increased)'
y,
20c
3- 2
2-14
Schenley Distillers, Corp.
50c
2-117 1-19
2-28
Neisner Bros., Inc.;,(quar.)
j____
25c
T-15 :
2-28 i • Ravage. .'Arms C6rp,__:j__i/.;___j_^__^_____ .:..:;.12,Ac : 7 2-15
7;:;;2l -.S"-"'
'3- 4
Neptune Meter Co.; $2.40 pfd; (initial quar.)
60c2-15
2- 1
7 Schulte
(D.: A.) Inc., preferredII/Ill/Ilii;I$I.8TVi77si 3-15'77/7Il77!'::
3- 4
Nestle-LeMurCo,—
.
'
7: Schumaker Wall Board, $2 partic. pfd.___«, j:
50c . ; 2-15 y
7
3-4
$2 pattic. Class~A (accmin;)j-;_-;I--Ji/-«J: ;
15c v! .3-15 ''
Scott Paper, common (quar.)
2- *
.*-7/.
45cI
3-12v;iw"2-26*'2-9
New Amsterdam Casualty (N. Y.)____!!'' '■ '
50c
!' 3-' 1 *" 2- 4
$4.50 preferred
(quar,)
!—//_: $1,12'A
5- 17/5 4-19*.
1 -18 f
New Jersey;Zinc Co—50c''v:'yy:3-.9
2-20" ;.r,K $4 preferred (quar.)^—; $1
5-1
4rl9*
New World Life Insurance Co:_"_—_________;
60c
3- 1
2-13
Seaboard Oil of Del.
(quar.)
.
25c
3->15 7 3r i
3-14
New York' Air Brake
;
50c :
3-: 1:
2- 8
Seaboard Surety Co;________:_I____'_-I_____I
30c : " 2-18/.
2- 4.7
2-16
New York Dock Co., $5 preferred:-—*___
' $1.50
'3-1
2-15
Servel, Inc.; $4.50 preferred (quar.)/l_7_i__ V $1.12'A
y
4- l ' -' 3-12 7/
2- 2
New York'Hotel Statler Co, (cxT;ra)_;,
./
,
$1
2-11'., 2- 1
Shawingan Water & Power (increased)Vli-il7i $25C j' 2-25/7
1-18 7
2- 1 ;• I New York State -Electric & Gas Corp.— 11 .
.,
' , J
Sherwin-Williams Co. (quar.)__„_/____~I_'I_: 77
750 "7.2-157.1:1-31
1-31
/ 5.107c : preferred
(quar.)___ *Uif;• $1.27'A.3- 1. /V. 2- 8
;7 4%
preferred (quar.)—_—. r $1 /" 3- 1
2-157
2- 8
Newport News Shipbuilding & Dry Dock Co. ' y
50c
3- 1
2-14
Silex Company
77. 15c
2-li;
1-31
1-31
Nineteen Hundred'Corp., class B -(quar.)i^^>12'Ac-.2-15
2- 8v:'
Silverwood Dairies, Ltd., common ^(accum.) ",' 7'I$30c 774- 1' ,y 2-28'
1-31
'/i Clas3 A (quar.)
/;:: 50c
2-15 :/ 2- 8
:.•■>., 40c participating preference (s-a)__LlI.v,7'- }20c";-•■• 4- 1 .. .2-28
2-15
Class A "(quar.)
50c
5-15 Vv-5-.l
Slnion
Sons, Ltd.," common". (quar.)7l'7:7 430o ! /3--l.i -2r 2/
2-19
;
Class A" (quar.)—50c
8-14" - 8-1
5%' preferred! (initial quar.)i____
1__ t$1.05'A'1 V; 3- 1
2- 2";
2-11
y;f; Class A (quar.)
'-yA/: 50c
11-15
11- 1
National Gypsum Co., $4.50 pfd. (quar,)__ ' $1.12'A
National Lead Co., 7<fc
pfd. A (quar.)—$1.75
2-21
,
.
—
_
.
,
,
.
,
,
-
.
,
.
,
•
'
.
_
—
,
•
.
.
.
,
3-
2-28
■
'
-
/.
.
2-15
8c
(S. S.) Co.——--^yf..'30c
Kress (S. H.) & Co. (quar.)———40c
Kresge
1
3-
87'/2C
t5c
$1.25
(quar.)—jVyj
2-15
3- 1
•
50c
2-15 7/ 1-25*
Proprietary
$5c3- 8 "7;2* 8
■Provincial-Sllan8port"'Co;.-'($-a)'/^iii_/__.^,-1f' ■^^20oI!iK:^2-2ti;/Aj24:Bl
3-8
2- 8
2-15
10-22
:
(quar.)
Mines, ..Ltd.__
2- 8
10-30
2)15
% 2-15
,
4-
—-
•
Corp of Canada, Ltd.—
preferred (quar.)
% non-cum. partic. pfd. (quar.)
1st
Procter & Gamble
,
' 7-22
2o. ;
2-20
.
"
,
$6
7'» jr pfd. (quar.)-i\
Mines,-Ltd.' (interim)—:
Kinney (G. R.) Co., Inc., $5 prior pfd. (quar.)
6
2- 7
J/,5- 1
'
8- 1
25o
••
3- I
$l'U7Vii-." • 3-vl"r-72-15
- $1.50 *3- 1
^ 2-lJ^
•
Pratt Food Co. (quar.
2- 8
„ .2-28
-
■
6%
2-15
2c
'■' 2c
;
%
Power
-
6%
25c
preferred-
(quar.)
Quarterly;;
Quarterly
,
"
•
;
2- 1
2-28
$1.25
$1,37JA
Class B (increased)
Potomac Electric Power, 5'A% pfd. (quar.)
6%
preferred" (quar.)—•
2-15,
-
33'A%
.
Pittsburgh Coke & Chemical Co;—
$5 preferred (quar.)
Pittsburgh Steel,- 5¥t% - prior pfd. (accum.)
Poor (b Co;; $1.60 class A pref. (quar.)
>
.
,
,
//
.
•
.
5%
Container
-
Photo Engravers & Electrotypera, Ltd. <s-a)
*' $50c
3- 1:
2-15
Pioneer Petroleum,:; 7%
preferred_:_i.Ii_/_I^ ,I8%C ■
2-15 : .1-25
Piper Aircraft, 60c conv, preferred*
^
140""^2-25 ^ K
? Pitney-Bowes,
Inc.
(quar,)I:
/
10c
2-20
' %* •!"'
Pittsburgh Bessemer St l*k6\Erte" RSL"..(8-i);r- *
WO1'^
3-15
2- 1
,
preferred
5
1-15
.
.
•
,
3-15
"yr5-l5.
8-15
2-19
.2-19
2-15
Co., common (quar.)_______ ;
30c
4-15
(quar.)__
$1.75
2-28.
Corp." (Del.)_____
25c
3-11
National Cylinder, Gas (Cel.) {quar.)'ij^_-.^"!:'''i:20c;/;/.3- 8
y
4Va c/«
preferred
(quar,)_-____-_y__*_^__
$1.06
3- 1
7%
National
•/•y/;35e y/.2-15
/'I750
2-15
c" >
.'/J "
_7 ';$I.iO
.%3$t'7preferred-7{quarT)ilfili/iiI/ii////iii;^>fl;);7;':$l'r7'!^4-15",(7,;'4^''-l::i':
Public
•
"
,
2-15
3- 1 ;
,
1-26
-
■.
,
2-28
«
4-10
/ 2-16^
1-28
4
.
Kansas
Gold
y
3- 8
-
i,
6-10
$lc
Philadelphia Co., 6 % preferred (s-a)
25c
3- 1:
2-11
'••
$5 preferred (quar.)—II—:,' $1.25 ■
4-13-1
$6 preferred (quar.)_
$1.50"-""'':4-"l •" 3«*1
Philadelphia: Electric:" Co4',!'con£l^uai^)^Ii^^^30oT'f
:I
$1 preference common (quar.)://—-..^- :
25c
3-31 I
3- 1
/Philadelphia Insulated Wire (s-a)/_s.
a__»-7
;
25c
2-15 I 2-1
;
Philadelphia Suburban Water Co4 common1
r 20c" ' 3- I" .""•2-11"*
:
i--6%-- preferredIfquar;)II:I/aIi/I_Il/i«ilIf/-s.'$1.50H073-"'ii/^7;2illv/-;:..
Phillips Petroleum Co. (quar.)_
" 50c
1
3- 1
2-1
plllsbury Mills, Inc., common (quar.>—_/
30c
3-1
2- 7
2-15
3- 8
3- 3
■>
$1.75
."y •'•,$1.75- •'•
$1,75
3-15
2-20
' 2*29
•
(quar.)———1
Stock 'dividend
;
,
(quar^)'.':"4.-a._—lc
common
.
v
2-15
2-18
3- 4
4- H
Ltd.,
4:40% preferred H (quar.)___
Pennsylvania Exchange Bank (N. Y.)—
■
2-15
2- 1
2- I
1-31
2-.1
^
preferred B (quar.)
—-——-—:Vy,$1.25
Co., common (quar.)——
5c
Brothers Co.
(quar.)—J-—
—;—
J • 15c
Kentucky Utilities Co.,
;
$!.40 class A (quar.)_«_^—_
Penman's
Pennsylvania" Electric Co.—-"
••
2-28
-
4-1
3- 1
'3^ -% '
1
"
1
; :'
■
.
4-
Battery
Kerr-Addison
3-14
"*
'
-
*715
,
(quar.)
.2-19
2-19
2- 5
1-30
2-15
;••;•
•-3peerless .Cement Corp.; vlc;I_z—_:Jz/il-—- ' '25c
3- 8
Peninsular Grinding Wheel Co. (irreg.*)
10c2-15
•Peninsular Telephone Company—
-;
Commoh/Xquar;)—• •>50o: '•"4i ,1
2-15
3-1
4-1
,
3-28.
'
.
2-16
4-5
$1.25
(quar.)-x.
;
62'Ac
"
div|-
7yInterim.*II___;_/Klu_;_Ii-i/-/«-c___:I--i;irf
Peabody Cdal Cd;; 6% preferretl (accum.)—.-'
1-31
,
$1.25
.
Jeannette Glass.
25c
10c
Corp.—
>;
3-^1
.
Gas
■
,
.
.
Jacksonville
& Manufacturing
—_
Glass Co»———«.'••
$5 preferred (accum.)/——-
,
.
2-15
5:
preferred v (accum.1—
—
; *; $1.25.-:
international Silver Co, (increased)—, $1.50
,f -International Textbook Co.-----—;'
International Utilities Corp. (initial quar.)
;'t Intertype Corp. (quar.)
A—
Investors Stock-Fund, (Inc.——-—j,———.
$36cy
-
3-15i
3- 1
,
National Acme Co.
.
/
•
2ri|.
4-1
50c '
—______
Nashua* Gummed & Coated Paper Orreg.)__
2-12
3-20
(quar.)—
(quar.)
Line, Inc. $4 pfd. A (quar.)
(quar.)
Murphy (G. C.) Co. (quar.)___
Muskegon Motor Specialties Class A (quar.)
2-5*
3-30
_—
$4 preferred B
,
3-30
(quar.)
Munson
2-7
3-30
;
2-15f
2-25
Loan &
$7
1-25
$1
preferred
$7
5
2-15
2-20
B
Mullins Manufacturing*—,
$7 preferred (quar.)
2-1
25c
—
;
i
2-
3-
3-20
2-25
2-15
3- 1
$25o
$$1.75
7"
,lv
4% preferred (quar.)
$1
Parkersburg Rig & Reel, common......
25c
V;; $5,50 "preferred--'tqhar.:)!—•' $1,37'A
Paymaster"Cohsblldated Mines; Ltd.—
1
' ;
,
-
2-4
3-11
$1.50
25c
-750
$1.75
Co., Ltd.—•
common
The common is now on a quarterly
dend basis.
;
2-11
3-'I'
•
Products
Panhandle East.' Pipe Line,
2-tl
.
.__^____''y' $$1.75 '♦••.3-15
Mortgage Co. (quar.)____
$31V4c
•
3-16
Moody's Investors Service, Inc.—
^
$3 participating preferred (quar.75c
2-15 :
Mount Diablo Oil Mining to Development Co.
"
7%
■
■
2* I
preferred"-'A;As-a.)»-H.i^w^-Ay''*^w»f'ry:62.23;:t:v?;;6^^1:jy;y,57l0>
Montreal
2-11
3-11
1-15
1-15
' ' ■ 20c
2-15
2-15
53-20
1
pfd. (quar.)
31'Ac
2-15
1-31
•
343Ac
2-15
■
1-31
preferred :(quar,' 37'Ac
2-15
1*31
Pacific Lighting; Corp., common'(quar.)-.—-.
7' '750 ■
2-15
1-19
Pan-American •'Petroleum
Transport Co.—
y/y|i-/.
Increased
1, -•
--40O y" 4*y.vjtvr%m%9?
^ ^
< ^$2.25
6- 1, % 5-10/
f '' "'$2^6-;!t -•-'•'••D-IO'
Montreal :Cottohs; 'Ltd.; commbtt'?(quar<)_j4,^! '
-,2'-15
9
3-1
Corp.
Products, common
shares (quar.)
$4.50 jnrelerred
-A $4
preferred C
1-26
3-
2-26
,
preferred
yy;:$4.50:
2
1-26
2-15
Tobacco Co. of - Canada, Ltd.—
>
.>■"
Common (interim; —a—a—
;
$10c
,Common
(final)
+15c
r.Sx-' Preference- (s-a)_--_-3%
Indianapolis Bond & Share Corp.-——_
18c
Industrial Silica Corp., 6% pfd. (accum,)$1.62'/a
Ingersoll-Rand CP, (quar. )..^
$1.50
New
2-15
40c~>
•
Imperial
Stock
1
3-15
56'Ac
(quar.)——s»——
(quar.)-
Co.: (quar.)-^.———
2-15
3-23
$1.50
Illinois Power Co.; .5% conv» pfd. (accum)-a.
Illinois
2-15
1
2*26
25c..
",62%c.
Corp.,
Hussmann-Ligonier
Huston
Idaho
1
3-
$1.25
Howard,Stores
2r4
2-15
3-
.
S^pfd. (quar.)—-
,
1
3-
25c
$1
$1
Hires (Chas. E.) Co. (quar.)
-30c
Honolulu OU Corp
—
25c
Hooker Electrochemical Co.,, com. (quar.)—
?;
40c
$4.25 preferred (quar.)^u.4*—
$1.06W
.Hormei (Geo. A,) .& Co.—50c
"preferred A (quar.)————————$1.50
„
1-25 '
3-
3-15
2- 8
4- V'
3- F
6%'
.
•
3-22
,
109%
25c
50c
,
2-15,
.
Pacific Gas & Electric Co., 5%
5Wo preferred (quar.)
2- 5
.
1-25
2-15
$1.25
3- 1
,
25o
'
(quar;)
common
Marine
Oxford Paper,
2- 5
3-11,
.
?
4-1
3-11
(quar.)
Owens-Illinois
2-15
,
(quar.)_______
$2'
4- 1
3- 8'
Minqeapolis-Moline Power Implement Co.-—
$6.'50 convertible, preferred (accum.)J_--U ' $1.62Vi ;t> 2-15
2- 2
Missouri-Kansas Pipe Line Co., com. (irreg.)
25c
3-J5
2-28
Class B (irreg,)..'.
x__J
1'Ac
3-15
2-28
Mitchell (J. S.) & Co., Ltd. (annual: $$2.50 f
3-1
2- 8
Monarch Knitting Co.; Ltd., 7% preL (quali)
UUSyy-^l2-22
'8%: /preference•$quar.)jL:I«_-.-_^i^IlAI*~-' : $$1.23
4-1-46 - 2-22
Monarch Life Insurance (Springfield, - ;
' --'y; Mass.) ' , (s-a)
-—'
—; $1.25
3-15
3- 1
Monroe Chemical Co.; $3.50 pfd. (quar.)—_
87'/aC
4--1
3* 4
Monsanto Chemical Co.r common (quar.)J_j ,
-506 /J<3*
O
1-25
2-15
I-Ieyden Chemical Corp., common.—
4% ■ preferred A
(quar.)—
4l/o preferred B-;(quar..>._-v*—.
—
,
$1.73
(quar.)
________
Public'. Service
dividend
8%
3-15*
1;"
.2-15
2-15
■■
.
,
preferred
7
dividend
Midland'Steel
1-21
2-15*
2-15
Stock
Michigan
3-
,
Outboard
.
2-15
3- 1
,.2-15,.,
~ 2-15
2-15
75c'
" 25c
8IV4C
97'Ac
.
3-;
?:
25c
87Vio
15c
7% preferred (quar.)
—
—1
Orange Crush, Ltd,, 70c conv. pref. <s-a)_-
V. ,2rl5
2- 6
2i18
3-12
3-1
3- 1
2- 1
3- 8 '' 2-19
50c
.
Metal Textile Corp., $3.25 partlc. pfd. (quar.)
Metropolitan Edison, 3.90 % pfd; X guar.)____
3-12
preferred < quar.$1.06 Vi :
commonj---.-5t«.,:
(quar.) -:——.—-*-
Otis Elevator Co., common_____—'
6% preferred .(quar:j___i—
,
2- 2
,3-19,
$1.82'A
2-15
25c
25c
—
—
Merritt-Chapman & Scott Corp.—
e'/a'A preferred A (quar.—
2-15
3-1
,
;
Merchants^ Distilling^ Corp.. (Terra Haute)
V' ^; Extra
Mercantile Stores,
2-15
3-1
10-26
2- ,2
y
3-31
Corporation, common (increased)_____
Merchants-Fire ;Assurance:(s-a)j.—_______
'
2-15
50c
r
Common
/Meadville;;$)elephone::''Co::iquar.)_I__I^ISIII',y;r37ViC.:i:^;2rl5i|.v ;:1-31'
1
,3- 1
.25cv
preferred (accum.)-.^-^—.—50c
Hawaiian Pineapple Co.r Ltd.—. 25c
Ifazel-Atla's1 Glass Co; (quar./——.
$1.25,,
■a
2-15
;?.-;4x';
Havana Electric & Utilities Co.—
••
j
"
'
1'
Ontario Steel
20c
$6 preferred A (quar.)_i__________.—____'
$1.50
3- 1
2-15
»' $5.56 preferred B' (quar.)_I—$1.37'/s'..■''3-'I;,;2-15"* ■
;
.
.
i,, s :-
(M- A.) CO.,
$4.25
"
,
—-
Extra
Hahna
,%
common—,
•
Class ;.B
-
Co.,
preferred (quar.)—_——
6'A pfd. (quar.)
Mead
2«
&• Rubber Co.,
preferred (quar.)______
1%
Ogilvie Flour Mills,
>4-25
*_7-26
2-15
3^ t"
2-15
3-, $
y
3-,- 9. V
;
>
;; 2-28
3* 9
3-15,
2-10
2£C
20c
.
$7c ;y ;3- 1 A 2- 8
•3-;a.<;,V 2- s
$22'Ac
3-1
3-15 v
15c
3-1
3-15
$1
2-1
2-15
75c
*—r-___
(quar.)——
Instrument,
-
Extra
Ltd.
Co.,
Watch
conv.
Hammond
»:•
Ltd./(interim)
Cotton
Hamilton
>
3-25'
>
■
2-13
2-13
/
2-15 I'
25c
,
9-25
2-15
(quar.)
Co.
Mines;
Hamilton
v.?"??;.,
L. fa 6-25
10- 1
2-15
•,;3-:.Iy
.
—0,2Vic
Stores, Inc. (quar..25©,. ,3-15
Hallicrafters
Kallnor
'■
$1.50
*;£.
2-13
Corps
Hajoca
-Hale^rds;
.4%
$1.25
.
Engineering_—_
Aircraft
Grumman
——
■M>
1
4-1
$1.25
,$1.33".§
/
(quar.)
preferred
3-
(quar.)—____/y 34%c/
V~.\5%, .1st, preferred -(quar.)
1-31
| 2-15
-25c
y/"7
,
.
__—
$2
..
■Vv/preferred ..(quar^-i----^-^-^-i-SW-r^:;:i;-r:$l'75;.;.
iGriesedieck
(quar.)^.-!
Malloryy(F. R.) & Co., Inc.____^_-—.._-^
;
Maple Leaf Gardens, Ltd. (Initial)
$50c
Marathon
Corp. (quar.) J_
L___
25c
Marshall Field & Co., 4'/?% pfd. (quar.)— ^l.OG'A
MasonHeporp.,: common ~ (quar.)
25c
•v4%^:' preferred, (quar.)"J
$142Vs
Massachusetts Bonding & InsUr. (increased) '
$1
~May McEwan Kaiser Co. Tquar,)_-__J_*_^li,
; 35c
McGraw-Hill Publishing Co. (increased) ___
25c
Mclntyre Porcupine Mines (quar.)——
$55'Ac
1-31
2-15
Uo.
v
Madison;Square Garden Corp,__:
5
2-15
2-15
$1.75
-
(extra) ——_iI—_—17 -V
■
Norwalk Tire
Norwich. Pharmacal' Co,
2-15
.2- 1
2-15
2-1
4- 1 •" 3-21
2-15
2- 5
;
.
21 5
2-13.
,
^- 9
;
.S3
■
Great Atlantic & Pacific Tea Co. of America—
.Common
$2.50
preferred (quar.)
$1.62'A
—50c
4-24
8
/ $2.50
;
—
•
(qutir.)ii;
$4
—
,
,
I;
2-
v
-
-
3- 1
3- 1
$250
:
; 5V»
preferred (s-a)_
Liinkenheimer Co., 6Vzc/c
1
.
125c
(s-a)
2-18
3-
.
3-ii
.
2-1
'$2;;' ;4- I
1&I.50
88c
3-13
&: St; LouiS: Ry.; Cbi—'
; • ;:;j
& Taylor, 6V0 1st preferred
Louisville & Nashville RR. (quar.)
•
2-15
3-1
50c
Goodyear Tire & Rubber, commonGoodall-Sanford, Inc. (quar.)———I—"'
$5 preferred
(quar.)————;—z_
75c
Loblaw Groceterias Co., Ltd., CI. A (quar.)
Class B
(quar.)
Lock Joint Pipe, 0r/o preefrred (quar;)il.iij
^ 2-25
3-1
$2.50
————
70c
(quar.)_
$4/ ,' 2-15
(quir.
,
2-5
•
•
National Life Insurance
(Fort y
v
Quarterly
^
30c
.5-1
Quarterly; —30c
*8-1
Quarterly
30c
11- 1,
Littdsay Light
Chemical Co.__;_^__
15c ;
2-15 •
Link-Belt Co. (quar.)50c.
3-1
Liquid Carbonic Corp, (quar.)
25c
3- 1
Extra
' 50c
3-1
4-20
30c
new
.'
'
all arrears. 7,
payment clears
:
2-15
3-1
3-1
3; 1
k
2-15/
- •.ei,i7%!. preferred (quar.)
—*
$1.75
1-25
Oklahoma Natural Gas Co., common (quar.);
1-31 •
;
50c
•
2-15 ' . '2- 1
2-1
4aA% preferred A (quar.)
—__I;$0;59375 ;y '2-15Iy,'y2i:T;:y:';
Ontario Manufacturing Co. (irreg.)—
2- 1
50c
2^5
•
2-.9
,
2-15
25o
25c
f' •1 $2
Ret,y-
"2-28
,
.
2-15
•
20a %
'
of
3-10*
.
.
Lincoln
4-20
2-5
'
5-
——li;
(s-a)l___
preferred
above
Corp.,
2-21
25c
"
5%
Savers
t20c
__—I——
5%
Life
12c
,
f-'
Co.
(initial)
Liggett & Myers Tobacco Co., com.
Common B (quar.
"Gimbel
:
Ltd. (quar.)—J1
Liberty Aircraft Products Corp.-(new)
,
(S-a)
Holders
Payable
$50c
^
.
-
$1.50
Brothers, new common (initial)——
Glidden Co., common.-...4......:...;lr-.
4'A'A conv. preferred (quar.)——1—_
Globe & Rutgers Fire Insurance Co.-1—
7
-
5-15
Leonard'Custom-Tailors
2-15
,7^.350,
Gibraltar Fire & Marine Insurance Co. .(s-a)
Company
$2.50 'preferred1 (quar.)
Machine Co., common,___y---i-y..y,,
Leitch Gold Mines,
1
<"'•2- 6:
2-15
37'Ac
I
2-
2-16'
25c
"
Gilchrist
8"
3-1
:
_
Washington Steamboat
Norfolk & Western Railway Col
Extra __lwl____:l
___!;
A
.
-
t
Brewery
Class
<■;.
1-25*
lr31
84%C
•
(acc um.) I
—I—■-I——_
Wares, common (quar.):—_—
Steel
Genesee
2-15
2-15
—---w
[ l"Commoi.".„—
1-25*
20c
(quar.)
-
;
3-20
2-15
40c
preferred
$6
•,./
4-1
y:
$1.75
(quar.)_——————
Castings—
Steel
..
;y
preferred
&
When
Share,-:
.
Extra
•
;
25c8-15
Common
?5c
$1-15 s
Lane Bryant, Inc. (quar.)25c
; 3-, 1
Lanston Monotype Machine Co._,
25c
2-28
2-18
Laura Secord Candy Shops, Ltd. (quar.)_—
$20c
3-1
2-1
Le Tourneau (R. G,) lnc;, com. (quar.)-~_25c
3- 12- 9
■■:1 $4.50 convertible ^preferred : (quar,):.IIj:• $1.12Vi
> ',3-1'
2-9
Legate Co.r Ltd., 8% preferred (accum.)lil
' $$2 ;
2-1S
1-23
7 %
Lamson &"Sessions Co,, common,
'
Per
Name of Company
2-13 V
North American Oil Consolidated (irreg,)-50c ' 2- 5 ; 1-25
North River Insurance Co. (quar.)_——Alv:
25c
3-9
2-20
3- 4
Northern Insurance Co. (s-a)
•
$1.50 <, ,2-21
2-14
.3-21 ■
i " Extra
; 50q,; ,
2-21,
2-14
1-5*
Northern. Liberties Gas_
60o
3-11
.2-4
4* 5
;
•'Northwestern' Public Service-*./1 ..,.'• 1
y . ■: •
7- A J
117%' preferred .iquar,):i_*-fc-^w»^«%-^*-rI': ,.{/ $li75;: y.'y3*' l;jy;:;2-19.
10* 5
6% preferred (quar.)
$1.50
3- 1
2-19
2-15
2-14
.
J.
v
/Niagara Lower Arch Bridge Co., Ltd, (quar.)
Noranda'Mines;/Ltd::'(interim>" II
1-31
2- 6
2- 0
2-14
;;
(quar.)—/'—————J
convertible preferred (quar.)—1_—I—"
General
1*24
:..
'",2-15
3-1
3- 1 '
3-15
4- 1 '
2-15
30c
"
J.:;.;/, A
,
Norfolk
5-1
2-15
25c
preferred
$1.50
4-^ 1
2
.
(quar.) _.w_—lA--:
Corp., $1 pfd. (quar.)—_/
preferred
1-18
40c
i30c
$$1.75
25c
- $2Vie
25c
,
2-1
3-15
3-
.
.General Metals Corp. (s«a)_—
General Mills, Inc.—
3% 7
conv.
preferred (quar.)"
General
Outdoor
Advertising,
common-.:.
6%
Lafayette Nat'l Bank of Brooklyn_*j.IaI-«i
Lake of the Woods Milling, Com. (quar.) —
; i-i8
Monday, February 11, 1946
»
of A«c.-
3-1
3-15
$1.75
iVf-.j^fcraiG^^-r^^-r--'---——-•-Ii-I---*-
General
Payable
:
■
Holders
When
■.
.
Share
.
•..
25c
—
(quar.)—————-I-—----
7% 'preferred
.......Per
.
v--
2-15
(s-a) —zl^-——..
6c/o preferred B (s-a)_:
General. Fireprooling, Co., commori—z,,——"
7
.
Grocery <fe Baking Co., com, (quar.)
50c
6Vo 1st preferred (quar.')a_.$1.50."
'<
7% 2nd preferred (quar.)w--:
$1,73 1:
Kysor Heater Co. (quar.)
10c ■ •
5
2-
2-15
2-15
yyy
Name of Company
■Kroner
2-15
2-18
'"4-15
51 I
IOC
preferred A
5%
.
1
y
i'1
\
;
56'AC
(quar.)_:
common
■
25c
preferred (quar.)——
Cigar Co..
-3-
,
otRec.
'
7
7% preferred '(quar,)—Iz___I-I-I
General Finance Corp.-—.
,
Holder 1
t
4
30c
Industries,
conv.
3-
"
(quar.)l_iz7l7~~l—.—----i'.'
Inc., common—%
Co.
Gamewell
Gar
7
62'Ac
(quar.)—.—
Fruehauf Trailer Co. (new) (initial)J__——
Fulton Iron Works Co., 6% non-cum. pfd.—
Sulphur Co.
'i
When
Payable
Share
1Vame of Company
•
<7 •'
-Pet
»
"
.
;'L.
>■.
.
t
_
.
:
:
Volume* 163 ^'Number 4463
THE COMMERCIAL & FINANCIAL CHRONICLE
819
-i
>■..v-:.-,--.;
Per
■"
'
Name tit tympany
v
Oil
Sinclair
25c
l-ii
:
2-22
25c
;
\25c
22yac
| 2-15
3-
$4.25
$2 preferred (quar.)
Southern California Edison; Co.,
2-15
'
2-28
45c
2-28
2-15
$19c
2-15
1-15
.
3-1
2-15
1-20
37 %c
3-15
2-20
J20C
•_
5-15
t20c
A-*------'
partic/ preferred (quar.)—.___— '-$$1.50
Southern Greyhound Lines (increased,
40C
5%
5%
;
Common
Standard
Water
Co.
Insurance
Accident
■
2-15
2-15
3-15
.
"
'
4Va%
5%
Pacific
Standard
RR.,
preferred A
Western
5-15
6-13
5%
Tablet
&
preferred
(quar.)
Inc., common
(quar,)-—-,
2-20
1-31
3-15
Standard-Coosa-Thatcher
Electric
3-11
3-
1
2-15
3-
1
Instrument.____;„___u-____
40c
Ltd., 4Vz% pfd. (quar.)__ $$1.12%
Products
(quar.)
35C
White (S. S.j Dental Mfg. (quar.)
300/
Chlorine
Wilkes-Barre
%-40c;.v
3-15
i 3-* T
3-1
1-31
6-1
1
Wilson
•;% 3-20
40o
,«
^
'3-1
m4c-'-y
(quar.)—— ■fte* 50c
25c ;
(lnrt!ana)(quai'.) _*——
(R. C.)
&
2-18
2-
6
Woolworth
(P.
3-15
2-15
Wool worth
(P. W.)
Standard OlI Co;
3-11—-
2-11
3-. 1
2-11
Standard
Stoker
Co
(quar.)—
—
Standard Wholesale Phosphate & Acid
Works
Stanley
50c
—*.—
3-10 -a/
3-
2-15
2-
1
40c
60c
2-15
(A.) & Co. (Increased quar.)
Sterchi Bros. Stores, Inc., common——
Common
-
25c
'
£
;':9-12
»-—•4—
(quar.)*
3-
3-
—
Syracuse
preferred
$3.60
(quar.) ——
.-
2-15
$1.50
!;
;$5
(quqr.) ———
California (quar.)——
$1
.
Oil
Union
of
2-
1
United
Aircraft
2-
Products,
3-
3-
Common
7%
■
(quar.)
"
1-31
■..,L-.i25o-
2-
250*:
$1.12'/i
•
;; >
■
''
1-31
2-9*
D.rrtv hi'ta.
$1.25
3-15
3-
U, S.
$2
2-14
2-
2
2-15
1-15
$380'
2-15
3-
50c
3-
9
-
1-31
/
2-23
5
2-22
3-
5
2-22
$75c
4-
1
3- 9
Graphite Co.—
'
.
15C
>
50C
U.
~
%
92 V»c
—
B Leather, $4 nonrcttm. class A—
United Light St Railways (Del)-*- v
A
6%
preferred (monthly)—.-*.—
3-15
3-
%3-i5'
500
.
3-
1
(quar.)*—
50c
:.
r. 4-
■
Laboratories,.~$2.50 pfd.
:
50c;
;
62 Vac
Total
3-16
3-
1
1
.; i5c
•
2-23
\
25c
-
3-20
:vv3-lL:-':
2- 4
13\4ci
?
■
refunds
whoser
and
1946.
be
the
stock
and '■■■
In!
stamps'
en
■
tender" stock
No
shares
been
of
preferred
issued,
request
to
will
81,000
$150,000
refund
is ?
Guaranty Trust Co., acknowledging
delivery of the. stock.
In the
requesting
stock
if
will
then
have
with
.
on
be
advice
18,
with
1946.
relation
certificates
issued and delivered.
?
executed
an
amendment
to
the
company-wherein-such- under¬
the
shares
119,200
for
Feb.-18,
or
more
1946,
have
and
of
shares
any
subscribed
shall
sale
said
for
of
the
preferred stock,
underwriters will pur--:
been
with
made
taken
are
respect
on
to
which
before
or
by
up
,
of
Feb
$15,000,000
of
of
$60,000
:
first
18
1946
1
new
shah
b' s"aiI
•
until after Feb. 18, 1949, -
Colorado—-Plans Refinancing
-
statement
covering
the proposed issuance
stock and 62,199 shares of
of
The
First
Boston
Corp.,
125,000
new
Boettcher
Loughridge & Co. will head
the
with
the
additional
shares of
cumulative
4.15%
preferred ^
and
Co.
and
Bo,sworth,-
underwriting-group.
'
-
of
ol^common
125,000 shares
wlli 'bo
stock
tional
cash
the
in
for
its
ratio
construction.
common
oi
It is expected
_
stock
share
one
each
that the interest
cred^' "Will
iL
The
The
not
company
shares
of
extend
to
to,,
shares held.
seven
rate
exceed
the serial notes, io te issued
on
2%
annually
repayable in semi-annual instalments
62,199
proposes
rights to subscribe lor the 125,000 share's
for
new
4.15%
and
that
the
notes
from 1948-to 1956.
cumulative
preferred
stock
which
it
is planned to issue
shortly will be offered first to holders of the
company's first preferred stock in exchange for their
present holdings
a
share-for-share basis, with cash
adjustment to be fixed in the
on
°^er*
T*16 Preferred stock now outstanding
s?arc* °£ 7-% fi.rs^ Preferred, redeemable at $110
i
HI'S?
32,313
shares
of
6%
lirst
preferred,, redeemable
first preferred, redeemable
2,394 shares of 5%
plus accrued dividends in each
John
at
at
consists
of
share;
share
per
$106
per
$107 per share,
case.:
E.
Loiseau, President of the company, in a letter to common
stockholders, points out that consummation of the financing program
will
result
in
reducing the dividend requirements on its preferred
stock and further improving the
capital structure of the company by
the reduction of outstanding4 unsecured debt
and interest thereon, ';
INCOME STATEMENT,
12 MONTHS
ENDED DEC. 31-:^;
1944
operating revenues.*.Operating expenses
-$24,323,112 $22,933,144
10,932,530 10,468,163
Maintenance and fep'airs__*__*_i
-J.L* '
1,020,946
'749;463
Provision for replacements-*—.
1,683,571
1,768,962
Taxes (other than income)—:
1,926,785 -1*805,759
"
"
"
$90,000
1
:
Prov.
.
1946,
and
1
for Fed.
inc. and
profits taxes____
Prov.. for Colorado State income tax—;
excess
.
4,072,506
i
96,314
3,795,184
92,566
..
Neij operating.
Other
"> $4,590,459
^income
income '
Gross
Net
income
Prov,-for. dividends op preferred stocks
Balance available for
to
$2,609,404
398,221
________
common
--L
189,901
•
$4,442,94?
$4,768,057
2,158,653
Total interest and other charges—
*
$4,253,047
177,598
2,059,709
'
$2,383,239
431,411
stock dividends
and surplus
-.',2,211,182
1,951,828
•
.Class, B
13V4C
(monthly)*--———v—-.
Class. B
(monthly t—**——.
Virginia Coal & Iron Co.i(quar.)„——
Virginian Railway-^- / K f.y
«6x.'o- preferred • (quar.).
—-—
6% preferred (quar.) —
,*>
Vogt Manufacturing Corp.. (quar..)—
-Vulcan Detinning Co., common—_______
Wo -preferred (quar.)——
,
.
Waite
Amulet
Walker
(ID; Gooderham
Common
$1
Mines,. Ltd.
(interim)——
<fc
•
Worts^ Ltd.-*-
(quar.
Warren
.Northamr Corp.,
(S.
D.)
$3 pfd.
(quar.)
Co., common—
•
3-15' ;
3-1
Hg$ji|
37VaC
5^
37VaC
■
k.:;2-i8;k
8*1
'Vk
15c
$1.50
4-15
1
7-15'
(
2-15
other
dated
Jan.
4-10
ending
of
months
3- 9
■
months
of
*Due. to
the
1946,
3.5,
year.
the
As
stated
Company's
in
net
the
sales
Company.'s
for
the
Cash
•
$i5c
3-8
2-
:
8
%
The
Oct.-
decline
December " is
?•
f$i
2- 8
3-15
3-15 K. 2-
:D 75c
3-
I 'L-
-50c
3-
1
8
2-15
H2-15-
31,1945 .were
in
due
net.
$120,600,000.
profits-which
has
•
^
assets
the
first
tobacco
seven
costs
months
■
the
occurred
were a
of
the
factor
in
the
fiscal
company's
year,
bonds
months'
hand Dec.
on
31, 1945, amounted to
with $7,381,486 on Dec. 31. 1944.
Current
the year exceeded the" current liabilities by
659.
compared
as
the
close
of
$3,528,110.—V. 163, p.
months
Potomac Edison Co.—Calls 7% and 6% Pfd. Stocks—
•
;
current
-at
Government
Prospectus,
seven
>>': rk DD
for November, and
.1
virtual discontinuance of< sales
to
the
armed
forces
and
the
abnormally large domestic
sales in;
October, which the company believes resulted in over-stocking.
"
:>v. Increased
primarily, kto
:vLu.<
"
and
$8,442,163
"
4-20
declarations 1944 {made, provisions .for 13
multiple
dividends while 1945 makes provision for 12 months* dividends.
November
and December, 1945.
respectively, and on estimated net sales of $10,800,000, $11,200,000
and $12,000,000 for the months of January,
February and March,
•1946.
Traditionally cigarette-sales for the entire industry are lower
in
the
months
of ..January
and -February
than they are
in any
/
3-20
for, the
$11,798,000
v..
.
$1.75
t25c
preferred ifquar.)^—
Warren
2-15
13'Ac
but
costs for
prior to
-
debentures
seven
$6,025,000
L
under-
apnlication
'
issue
Service Co.
the
no
outstanding.
the-proposed
al?onv°f6P3°np. 65°8. further consideration
holders of
125,000
v
—
be
effect
that
Gross
206,000
.
be-
to
endorsed
tax
to
already
pre-'
to
are
name
duly
•
the
have
22,000
3-10
3-10
preferred
shares
The
of prior years, arising from the present carry-back
the Internal Revenue Code,- making an aggregate of
be credited to earned surplus for the. year.
These
figures assume no price relief from the OPA during, the period.
:The foregoing figures are predicated upon net sales of $11,164,000
2-15
*2-10
3-15
c/o
and
that
profits, "taxes
provisions of
2-15
1
2-15
company,
letter
Proceeds from the sale
Net
2-10
3-2
3-
If
in
written
a
-
<
will
7llth a ,bank credil arrangement up to a maximum of
$7,000,000, to the retirement of $7,700,000 4%
sinking fund deben¬
tures, due 1949, callable at 101'/2 and
interest, and to provide addi¬
be realized, certain accruals of expenses made during
months of
the fiscal
year
and
charged
against
income reported for that period will be cancelled as being no longer
required. Such accruals aggregate $340,000: $85,000 for profit sharing,
and $225,000 for Federal income and excess profits taxes.
On the
basis of the
foregoing figures, the management believes that net
earnings, after taxes, for the current fiscal year will be $4,400,000;
In addition,
the company will be entitled to receive $1,625,000 rep¬
resenting the estimated amount of refund due with respect to excess
the
k 3- 1
3-
-1'-:v "
:
certificates 'for
certificates
made.
have
unless
the
agreement
*$57,000
15,000
-
A special meeting :of common stockholders
has been called for March 4".
to authorize tne
refinancing' program.
It is proposed to create 250 000
shares of cumulative preferred stock
(par $100), of which
100,000
shares will be designated 4.15
cumulative preferred rstock' and to retire
the presently
outstanding first preferred stockh^P'
<■■■
(es¬
—__
March 31,
1
2-15
3-11
■
which
date,
agree
CJhanute,
Should the foregoing astimate of profits for the five months ending
2-8
2-
the
this
new
stock
Income
Taxes
37,000
—
ALOS8.H
.
2-4
50c
Income
*$93,000 t Cr$36,000
—
'
person
common
Federal
—
has
making :
'
2- 5
50c
(actual)
(actual)
J
-
Feb. .18,
on
those
that
subscribed
and
February and March
timated)-
3-16
'
.
the
SEC
.
January,
11-30*
>.
2-15
13 Vt c
.
'
•
.
not
steP in p refinancing program for the
company, consider¬
ably ieducing its debt charges,
will
be
taken, probably within the
next two weeks, -(vith the .
filing of a registration
basis
,
>'■
of
that
_
8-31*
9
CoV*4quar.)—1^-.—.
Vick, Chemical
December
5-31*
I
Vlsking Corp.,- ciass A (monthly)—r_——
Class A (monthly)
•
November
3-20
2-28
$2
stock.
Taxes
2-28*
2-20
62>/ac
the
be
the
Program—-
»
.
Income before
6-15
Lv2Sc: kf3-kl'
3-14
W:;40m
—
Company
...
is
cigaretre
that
company shall have received no
subscriptions before 3 p. m. (EST), on Feb.
See
Federal Inc.
i;
than
to
remain,; issued
Jan.
3-15
3-15
3-
'41
(quar.)..
(quar.V-*-Vanadium-Alloys Steel (reduced)
Norman
Non¬
Income tax.
amended
,
the
^ala"ce ot, shares offered on the terms and conditions of
£ J5rS] al "ndei7ritJn8 agreement; otherwise the underwriters Will
WKLfci0n t0 not
tertmmate their obligations to purchase such
shaies.
Whether
"
'
$1.75
United Stores Corp., $6 1st pfd,: (accum.)—
Universal .Insurance Co.,(quar.)—**l
Universal
Products Co.—
Utah-Idaho Sugar Co.annual)—
4-
^ $l;;
-Extra
U. S., Potash /Co.i*—
United States Steel Corp., common—_J,r—
S ; 7%[ preferred .Iquar.)
United
Shoe . Machinery, (extra)
Van
Less British
source.
action
no
company
of
present
their
subscriptions
Siurf' Por8an &. Co"
of unaudited reports for the months of November
1945, and estimated figures for the last three months
of the fiscal year, which ends March
31, 1946, the. management
estimates the earnings of the company will be as follows:
;
3-15
/
Unlversul
a
the
at
but
The
that
in
such
can
than
(EST),
m.,
lemani
Corporation and
3-15
.
Playing Card Co.
deductible
tax
preferred
On
*.>'<
refund.,
refund
other
writers
-
and December,
2-15
-
S,
,
of
the
of
their
-
a
underwriting*
3-15
2-15
•
OPA.
to
cost
one
The underwriters of the preferred
stock, headed by Lehman Brothers
'
.>">
.
2-15
606
4-1
preferred • (monthly)
3- 1
prior , preferred , (monthly)—— ,-/%• 53o
53c
4- 1
6.36% prior preferred (monthly)—
58 Vac ■A- 3- 1
7% prior preferred (monthly)-*——»
58 Vac
4-1
7% prior preferred (monthly)
United Merchants At Manufacturers* Inc.—
SI .25
4- 1
5'^ preferred (quar.) _—
7- 1
$1.25
5% preferred (quar.)
$2.50
4-10
United New Jersey RR. & Canal Co. ,(t(uar.)
40c»
3-20
If, S. Pipe & foundry (quar,)40C
6-20
Quarterly ———
40C
A-80
Quarterly.
40c
;
12-20,
^Quarterly
^'
6#
U.
1
2-15
•
•
*
;6.36'/»
1
preferred'stock, 3.60% series states:
15, 1946, this company issued subscription warrants to
its
common
stockholders entitling them, or their assigns, to sub¬
scribe to 3/40ths of a. share of cumulative
preferred stock, 3.60%
series lor each share of common stock held. - The warrants expired
at 3 p. m, (local time) Jan. 28.
Of. the 149,000 shares of preferred
stock offered
142,563 shares,: or 95.6 %, were subscribed for by
common
stockholders or their assigns.
Late in December,
1945, the management ascertained that profits
for the month of November had declined substantially, but believed
that such decline was
the result of the abnormally large sales in
October following the late .cigarette: shortage.; However,. within the
last
few days,
the company has been able to compute its profits
for
December,
1945,
and while
they show an improvement over
November,
they
are ^materially
below what had been anticipated.
Accordingly, the comp'any believes that this information should be
made available-'to the subscribers
to,
and purchasers of,
its new
1
$1.75
class A preferred (quar.)
3-
cumulative
2-15
3J
,
^•6%
2-2* \
3-15 '
chasers, of; 3,60%; Preferred Stock May Withdraw Sub¬
scriptions Before Feb. is.—
riphe company
a letter.lot^subsorihers"and.mthejfopurchasers.>ot
•2- t
On
—
preferred (quar.)—
—
Fuel Investments, Ltd.—
United
3-15!
25C
PhUip Morris & Co., Ltd.# Inc.—Subscribers and Pur¬
1-10
9
•2-11 ' <
3- 1>%
/
$1.25
Cos
_*——-—
50c
plan as -approved by the Commission, but this
the court on the ground that parties interested
in other plans should be heard. :
e : - > j,
i
No date for another hearing has been set.—V. 163, p. 317.
Engineering & Foundry Co.—
•
to
for
"'
request was refused by
9
<2-15
-j
25c
Electric Coal
1-25
2-11
2-15
^
•
for the SEC endeavored to have argument confined solely to
the" second
3-20
A
3-18
Counsel
3-20
i; ,v
2...
•
United
receipt
2-21
2c'
75C
other
event
1-31
oonv.
United
5
2- 5
land Traction Co. and
1
1-15
6 /
44-
15c
5
2L",
right prior to the plan's consummation to ask the SEC and court.,ap¬
proval to sell stocks, of ' Portland; General ..Electric'-. Co^ And ..-of Pdttid distribute cash proceeds to debtholders in lieu
of distributing the portfolio stocks to them direct.
,
..
;
2-28
2-15
.'
Inc.—
2'
.
"
Investment News
2-20
up,
3-11
such
p.
(Continued from page 784)
Artists Theatre
United
2-15
2-15
2-15
is
earned, during
ceiling price will
during the last fiscal
Philip Morris cigarettes, J
ceiling price would ma¬
the
fact
the
in
industry
equal
from
the
tobacccf
products.
study
the
worth
already- received
desire
to; withdraw
3
prior
received by
_
1
that
increase
withdraw
withdrawal.
Person
issued
for
General
the
a
less
1
leaf
cost
body.
30.000,000.000
over
or
2-25
2-15
:>i
preferred (quar.)
Circuit, Inc.—
>, 5%
preferred (quar.)—
——--—United Corp., S3 preferred
(accum.)
—
United Corporations, Ltd,-*•
*
Class A
(quar.)——
--——
United Electric Co. (Mo.)— •
%i $3.70 preferred (quar.)
——
^5%%
a
funds,
De¬
company's earnings prospects.
*
the information above -set foVth,4'thfe
to
and
right
at
wnters
2-11
7
92V2C
(quar.)_
2-15
•
'
1
$1,121/2
$1.25
AO
Union Storage Co. (quar.)r-—
United Air Lines, 4 %%
preferred
3-20 /
t
^
-r
15%; resident tax. 7%.
1-31
2-
?
62
—
1
3-
1:20c
,
prefei red
4-
expire
stock,
I
.
3-15.
,
The
2-20
20c
income tax.
Canadian
stock
before
3-
•Transfer books not closed lor this dividend.
in
stock desire
a
3-15
2-15
3-
;
■
17'/2C
quar.)_———— r!
$3.70 preferred (initial
'.'$4,50" :'preferred:';(quar.)
Jamaica
net
.to
that
making
found
moderate
a
the
the:light pf
to
•3-'T"-
$$3.50
Less 30%
made
the
certificate ' Will have
to be
signature duly guaranteed,
with
transfer
appropriate amount affixed.
"'
25c
(s-a)
and
4
-
increase
labor
company's
the
8*
'
r
$1.12 %
*
Co.___.
common
that
made
1
2-
2-15
25c
——
(quar.)
(monthly)—
in
sharp;
a
substantially
•'
since
the
by
is
be
tb' future
as
is, registered,
$$3.50
resident tax
2-
3-
25C
& Paper Corp.——
Union Electric Co," of Missouri--;
3-1
tPayable
3-
5
$1.37'/2
Union Bag
3-1
3-15
sold
company
returned
,
^Payable in U. S. funds, less 15% Canadian non-residents' tax.
2-15
i65c
Trunx, Inc, *^(year-end)
*
208 South La Salle Street Corp. (quar.)—,V
Union Asbestos St Rubber (quar.)—
:—
3-20
4
■
.
37 >/2C
2nd
•
common——
Co.,
1-31
$1.12%
be
current
on
of
been
OPA
it
purchasers have
If
.
1-31
1
2-18
25C
«$•%%: - preferr€d>(quar,),*^:--*iv***-->.i-*~
7
if
likely,
thereon
the
will
important
no
is
base period, relief
promptly.
In view of
improve
in
25c*
(Rudolph)
Knitting Mills,
.
s
7 k
1st
x
"
1
3-15
::V. .f9Do^
.
■i;?
2-
1
Z-, 1
50c
Lx
preferred (quar.) ——
Trane Co., common
—-—<——-—6% preferred (quar.)——-——
Coal
3-
2-15
2-28
.
10c
'■bV*%
Truax-Traer
2-15
2- 9
3-
—
Jr.;,.Co.
November
'
forecast
cost
has
taken
that
such
2-15 ;
24-
'i,-i^%<20c.,
Elevators, Lt<jL—
H
,
2-28
1
3-
total
relief
that
obvious
2-15
3-
50c
Associated Oil-
Water
Toronto
2-14
i
X'MhX:
40c
;'
Tide
2-5
<
3-
7%
1
I -Mi
3-30
/3- 1
7%
2-.0>
3-
$3c
—
Tampa Electric Co, (quar,)—
Tampax, Inc.—
Texas Gulf Sulphur Co.
(quar;)—— V:'
Thatcher Manufacturing Co.— *
•
2-
M,
30c
———i-—-—
—
Gold Mines (quar.)—
Transit Corp.————
1
2-28
-
40C
—————————
1
3-
2-15
t50c
31V4C
preferred (s-a)—
preferred (s-a)__._——*___—
Young-Davidson Mines. Ltd. \interim;
Young (Thomas)
Orchids (irveg,)___i_i___
Youngstown Sheet & Tube Co. (quar.)______
Youngstown Steel Door (quar.)—
2-11
1
Machinery—
Wurlitzer
2-11 S
>
(quar.)
1-kW
8
2->
2-15 V
Cd
&
degree -to,
during
year.
ho
that
costs
the
for
profit
the
is
c^erred
York
2-28
2-
$2.50
40c
2-15
2-28
1
2-20
Monthly
8-31
12'/2c
n.„
$1.50
Strawbridge & Clothier, 6% prior pfd. (quar.) ; ;
$1.62'/2
Stromberg-Carlson Co., 6 Va'/i pfd, (quar,)
3iy4c
Struthers Wells Corp., $1.25 pfd.
(quar,)
5c
Superior Tool St Die Co.——————
'A- 37'/2C<
Swan-Pinch Oil, 6% preferred (quar.)
10c
4% 2nd preferred (quar.)__„
Co,'
%
1-31 *
3-
Is 9d
prior preferred
conv.
2-11
2-15
$1.82
prior preferred (quar()—L*
Wrigley. (Wm.)
12»/2C
r
*
..
.Special
2
1
•/12-13-'/' 11-30
$1
Extra
Sylvanite
6-
25c
Stonega) Coke fc Coaj
Storkline Furniture Corp.
&
3-
T
6-12
2-15
& Co., Ltd.—
(quar.)
and
purchases
subscription to the new preferred
stock,, in. whole or. in part, they may do so by. writing: or wiring
to the company to that
effect, c/0 Guaranty Trust Co. of New Yorjc,
Agent. Corporate Trust Division, 140
Broadway, New Yprk 15, N. Y.*|
specifying the number of shares, withdrawn.Subscribers who im\r
elect to withdraw their
subscriptions will receive a refund:; as the ^
subscription price- of $100 per; share as soon' as
practicable after
receipt of
2-15
V
labof
been
and
of
of the
1
20c
v-
(quar.)—
Co.
3-
it
If
3Cc
....
(final) ;
Common
•;4V2%
4Va%
1-31
'
25c
."Common
Swift
•-
3-12
25c
.
Common'
•
.
Ordinary
&
W.)
Ordinary
bonus
Worthington Pump
r
1
31'A C
Works
preferred—,—
5%
Stein
N
•r,
preferred (final)——
Wilson Line, Inc., 5% 1st preferred (s-a)„
Woods Manufacturing Co., Ltd. (quar.)
Woodall Industries, Inc., 5% pid. (initial)-.
2-28
in
terially
10c*
:
(resumed)
lesser
a
31,■-1947,
fiscal
make
can
believe
to
yet
March
current
does
due
granted
year
v
2-11,
'1-28 "
2-13
75c
& Co.—
Company, common
Standard Oil of California
,
Manufacturing Co.__
Candlei-.____^_*
$6
.
-
Lake
Baumer
Williams
'
4-30
4-
&
increased
costs
fully reflected
•
in
Cigarettes
1936-1939
be
2-25
(George)
Will
50c
the
2-11:.;;..::
2-11
;
Weston
it
informed
rate
a
2-28
the
factors
as
been
3-20
2-28,
Westvaco
2-15
-
1
25C
25c
Weston
2-21
•-%
preierred (quar.
Corp.
4-
$1.25
common
1
3-15
t$1.25-
has
.-i-v;-
5
3-5
t$1.25
(quar.)
Standard Dredging Corp.—
$1.60 convertible
Standard Porgings
2-15
;'
1
2-
3-
:••, I ■;., -
but
."^Application
1
2-
■%
2-
40c; .2-15,/
$1.12 '/2
_!—_*—
2-
.
for
production
industry
(quar.)—_*.*»—
Marlboro
by
tobacco
not
was
•
due
was
offset,
increased
crop
December,
profits
ending
year
management
costs
1-17
"1-17
2-15
*
Standard Chemical Co., Ltd., 5% pfd. (quar.)
5% preferred (quar.) —
r5
2-15
Stationery Corp.—
$1.12 V2
•
—
v
75c
$1.25
.
of
sales
those
:The
smaller
$1.12Va
Westinghouse Electric Corp.,
7%
partic. preferred—
■
fiscal
than
2-15
2-15
(quar.)_-.*_
common
8-15
%
2- 1
.
11
'2-15
(quar.)
2-15
1
Hr
$1.75
,
>
(Detroit)^--
in'net
such
Philip Morris Cigarettes during January were larger than in any
previous January in the company's history. However, if the limitationplaced by the OPA on the. sales price of the company's products
continues unchanged,
and if manufacturing ancl other costs • remain,
at present levels,
the Management estimates that net earnings for
2-14
.
2-15
3-
'
'$1.50
(quar.)
preferred
Western
2-15
.
(quar.)—__—_L__L_L—_—
(quar.)
preferred
ZGViC
Quarterly
Brands;
"•$4,50 preferred
■
250
:i%.
and
pnrlially
were
of
tobacco
1945
of
.
2-14
the
•
6% .preferred
9-16"
___
3-19
,
1
1
,
V
3-
••-•••'•
•
(quar.)—*-
3-
"3-
'
West Virginia Pulp & Paper Co.—
(
Spiegel, Inc.,' $4.50 conv. pfd; (quar.)_*—A
*
(quar.)^„—!
10c
i.
quar.}——.
4- .1
,
10c
•;
\
in
costs
impact
of
November
decrease
decrease
t-25
!
(quar.)
'"D
450
Public Service—
(increased
Sovereign Investors
Stamford
*
" •
3-15;
;
$1.25
________
Southwestern
,506
5c
7"^
3-20
:
3-1-46
75c
$1.23
$1.25
-
•'
-
1-18
4-15'
-
!
Railway '.Co., common (quar.)_J__
preferred <quar.)
preferred (quar.)_-_„—_________—
preferred (quar.)___—__
preferred
Snowdrift—
&
convertible preferred
West Penn Electric—";:
•;>
4-19
2-15
"
•
Southern
Oil
$4
1
6%
Manufacturing Co.—
convertible
$1
Ik The
full
<
$2.50
—L
until
profits
'
ziVzc
-
•
2-14
costs
2-28
.
$1.25
;
**-.»**:.
the
increased
2-11
$9.
$1.25
—•——
Wesson
■
Co
A
However,
the
n
..
cember, as compared with monthly average sales for 'the preceding
1-25
This brand sells at a higher price than Philip Morris
j s 2-15 --5A. seven months.
carries
a
higher margin of profit.
2-15 ti& and
XV-D. D ^
k • • ,,v k'k
.3- 1.
knThe k company; -believes -that its * domestic.' sales:- volttmer is. on a
6- 1
5-15
satisfactory basis. With the exception of January, 1944, domestic sales !
6- 1
5-13
$1.12 Mj
"
~*
k: Extra
Wentworth
50c
,
;
Engineering
2-15*
1
2-114
$1.06 V4
quar.)
5%
IVoilman
2-15
increased
such
sales.
of
•/;'
preferred '(quar.)
preferred (semi-annual)_.^„Wayne Pump Co.
(quar.)
% 2-15
-i-i—
(quar.)
(initial
3^1 •'
Ci;;k:':.k
Light—
5%
2-15
2-25
Ltd-r—- •'•,
fquar;)
6% ''preferred B (quar,)*.Southern Canada Power, com;
Common
(quar,)
5%
2-1
30c
$1.50
—
■'"^Common
preferred
Gas
'
13%c
Pulp Co., common, (quar.}—!—
preferred (guar.).———-*•,•
6%
C.)
%
November
Rec.f,;
ot
3-
960
5
Holdert
Payable
x
20C
*
Soundview
;
(D.
,
$4.50 preferred (quar.)
;
^
Washington Railway & Electric Co., common
5'Jo preferred (qua r.)
^
1
$ i-3i
„
South Bend Lathe Works (irreg.
Southam Company, Ltd. (quar.
Southern Advance Bag & Paper—
Corp
Washington
,2-ii
3-11
50c conv. pfd. (quar.)—
Solar Manufacturing Corp,—** /'
*. «'
55c convertible preferred A (quar.)___,—
Solar Aircraft Co.,
(initial)
Petroleum
When
Share
Company
preferred
Warren
2-15
•
■; Name ot
,.
$4.50
2-10
25c
Sivyer
—:
....
3
-.3-12-
Per
>
u; Re e.
3-20
$1.94
——
Steel Castings Co.---,Skilsaw, Inc. '(quar.)iL
Holdert
Payable
:
•
Corp.-!
When
Share
y
Simmons Company
Sioux City Gas & Electric, 1% preferred-—
-'.-i
All
.
have
for
the
of
been
the
outstanding
called
7%
for
stock
shares of 7%
and 6%
preferred stock
redemption on May 1, next," at $115 per share
at
$110 per share for the 6%
stock.'with
and
accrued
dividends in each
Bank
Trust
,
\
&
Stockholders
rirv*-
b
Co.,
case.
Payment will be made at the Chemical
redemption agent.
may
surrender
165
Broadway. New York.
certificates
^
^
'
i>
I
for
1
shares' of
y-VV'
'
*
N.
such
''
"/
Y.
stock
?
THE COMMERCIAL & FINANCIAL CHRONICLE
820
at any time and thereupon will be entitled to
tion price thereof,, including
idividends; to May
Transfer*Agent
The
pointed transfer
V. 163, p. 467,
&
,<
it
i?? 'In-anticipation of this transactidn^ all the RKO theatre' subsidiaries.
for
agent
RKO Theatres,
N. Y., has been ftp-'
cumulative preferred stock.—
3.60%
the
Service
Stock—
preferred
The
New
.
termined.
f
'•
*
"
„
still to be de¬
'
.
-
•
which
Corp.,
'
has
^ -r
v
1945—Month—1044-"
a
101
Operating
Express
A.' 468,471
inc.
Corp.—V^, 159,
Other
21,403,787 239,903,483 212,564,569
1,380,232
15,110,436;^ I3;89t42it
Net
Payments
P,23i;
to
rail
other
9,676
350,597
♦84,942
1-*-
51,207,781
Operating revenue deductions.;™.;™--————--.---^-——
V Operating
Other
income
income
4.L
.
New
&
York
RR.
Co.,
and
102
at
333,391
566,433
803,530
3,851
326,949
595,350
-
I
income
4,224,373
—
__——
——
w—4.
——.
in
operation—.
-V. 163, p. 318.
Electric
Engineering & Service Corp.—Output-
week
the
Feb.
ended
1946,
2,
totaled
corresponding week last year,
compared with 204,501,000 kwh. for the
A decrease of 11,3%,—Y. 163, p. 659.
shares
All
Reduced to $1—
Surplus;
The usual
\
31,
1945,
has
befen
for
stock
from
retired.
to
had
been
•
isue,
the
reserved
and
The
remain
the
as
only
(2)
as
in l944.—V, 162, p. 2312,
Net
Dividends
per
paid
net
Total
share——
per share
—
value
asset
$16.84
resources
Republic- Drill
16,160,948
960*182
5,800
—
of
shares
Number
of
4,300
beneficiaries.——
INCOME ACCOUNT, YEARS
4.'if-'T-y*,•')>■'; 'T'f/j*V**■;*;''>-/ <'?'
\
.**y • \.
757,190
1945
.
1-1
1944
$.292,190
189,827
$332,368
91,580
$482,017
$424,945
99,123
75,247
13,719'
,
m
"
Interest
,
Total?incbme .-™-™„™-—™—
i—_—ii&—
Expenses
—
;
?;Net -Income
-
N°t
•
.
Trovj, for est;^ Federal
;
$0.70.
ENDED DEC. 31
.
IhcOme^-DiVideiidS
1
.
?$369,l7£
'
'405,853;i
been elected Vice Presi¬
STATEMENT OF NET
bank
in
Accrued int.
ASSETS, DEC. 31
_——
-
——
receivable
and divs.
J
Total
31
1944 ^
v
f
$2i063
—
Reserve for Federal income
purchased————
Payable for shares of beneficial int. reacquired
♦Net
assets Dec.
■
•
8~579
11,180,887
$16,407,581; $11,208935
——-
valuing securities owned at market quotations^-equiva^
lent to $16.84 per share'for 960,182 shares (par $1) of beneficial in¬
terest Dec.
31, 1945 (Dec. 31, 1944, $14.77 per share for 757,100
shares).-r-V. 163, p. 318.
'
on
R. C. A.
SCl
Communications, Inc.'—New
'jV v/?-'.
1
Glen
McDaniel,
pointed
Counsel
General
McDaniel
York
New
to
,V
.
.
and
succeed
the
Coun-
'
Washington
resigned on Jan. 15 as
Appeals.—V. 163, p, 468.
Contract
V.'/ '
Gerieral
late
Chairman
attorney,
Frank
ap¬
Warren.
B.
the
of
has been
Mr.
Navy
Board
of
,
„
•The
RKO
Corp.—Personnel
"
?
-
-
Expenses
Prov.
for
depletion and deprec—
announced
were
Board:
on
Feb.
6
by Floyd
Odium,
•
of
Chairman
j
,
the
income
/
bef.
income
is
indicated
v'
CONDENSED
taxes—
for
aotive and permanent charge of
production operations.
He will also
Pictures, Inc., the producing and dis¬
tributing subsidiary of which he previously has been Chairman of the
.
become President of RKO Radio
Board.
Ned
„.
-
E.
;
or
assume
executive in New York.
Mr.
widely increased duties
and
who has been serving
Depinet,
be
as
chief
Presi¬
dent of RKO Radio
Pictures, Inc. and devoting himself almost entirely
will become Vice-chairman of the Board and Ex¬
distribution,
to
,
ecutive Vice President
of. the parent company,
:
: ?•
Mr. Rathvon will. remain. Chairman., of the Board, of RKO Theatres
Inc.
but will resign as President of that subsidiary and be suc¬
ceeded as President by Malcolm Kingsberg.
Sol Schwartz will become
Vice
der
President
Mr.
his
RKO
Kingsberg.
\RKO Theatres,
Mr.
of
Inc.
Theatres
A.
W.
;■
--
in
charge of theatre operations un¬
Dawson will become a Vice President of
^y
Kingsberg will resign as Treasurer of RKO in order to
time
wholly
to ^jthe
theatre
business.
He
will
be
succeeded
as
'•
482,858
CONSOLIDATED
on
$740,517^ ' : $843,448
BALANCE SHEET
assets—
2%—
payable (banks)
Accounts payable *
:
—
applic. to fiscal year ended June
liabilities
and
reserves-
Capital stock? (par
Capital, surplus.;
Earned, surplus;
Net rev. fr. ty. ©per.Ad
valorem
Other
-V.
Charles
Pictures,
W,
Inc.,
Koerner,
a
Executive
subsidiary,
died
Vice-President
in
Hollywood,
of
Calif.,
RKO
on
Radio
Feb.
2,
Net
.
298,366
incomeincome™
"$613,974
$955,609
* 42.341
29,089
"$571,633
255,151
oper.
from
income
RKO Theatres, Inc.—Sells Debentures
RKO
20-year
Theatres,
debenture
Approximately
Inc.,
to
•.
consummated
the
$10,OOOjOOO
Equitable
will
be
Privately—
.
.
the .sale
of a $22,000,000 3 %
Life : Assurance. Society Feb.. 1.
uspd. to
refund
existing
indebted¬
163, p. 232.
,
3,533,732
r $730,462
$3,993,006
*1945
1943
$300,116
$244,824
"13,450
♦
Net
♦204,983
"63,808
"16,446
ry.
income.™
oper.
Gross
Net
from
3,001,603
railway-™—
from
2,524,067
36,298
"
"30.597
"656,184
152,721
2,717,527
551,907
"479,960
"15,736
Net ry. oper, income
"Deficit.—V. 163, p.
8,977
1,816,205
218,027
"269,340
111.
Atlantic
&
Ry.—To Issue Bonds—
•
has applied- to the Interstate Commerce Commission
authority to issue $950,000 first-mortgage 3%% coupon bonds The
proceeds would be used to retire the balance of a loan from the Re¬
company
375,746
22,688
436,452
-,
.
construction
Finance Corporation
and for general improvements.
on Jan. L
issue would be dated Jan. 1, 1946, and would mature
—V. 157, p. 1750; V. 155, p. 2645.
The
19G4
,
Savannah-St. Augustine Gas Co.—Name
3,300,000
168,687
33,965 y-
.
Co.—Registration
Statement
is reported that the stockholders recently
approved a proposal (1)
the name of this company to South Atlantic Gas Co. and (2)
split-up the common stock on a two-for-one basis by issuing two
shares of new $5 par stock in exchange for each $10 par value share
It
to
.
held.r-V.
161, p.
Securities
1248.y
■■
Acceptance
3 Months Ended Dec.
Interest
costs,
With¬
sion
/
withdrew Its4 registration statement filfedv'
1945, covering $500,000 serial V/at% equipment
Jan.
29
1945
operating expenses,.
to employees' profit-sharing
with the SEC July 11,
trpst certificates.-r-V. 162, p. 395.
Net
Manufacturing
Co.—Secondary
Mellon Securities Corp.; on Feb. 5 effected
p.
$285,788
.88,571
68,392
150,743
123,251
for
secondary
*?
pen-
Federal
income
39,995
surplus
Dividends
on
cn
424,482
preferred
common
surplus,
44.481
$44,481
$484,475
-
stock-,™^
15,627
stock:
A
468.
Royal Palm Ice Co.—Calls 6% and 5V2% Bonds—
$88,962
'
,
$59,993
surplus
Dividehds
4,682
$99,988
_
taxes
income
Total
4
5,263
■'•
Offering—.
a
distribution of 20,952 shares of common stock (par $2.50)
share—V 163,
1944
$344,565
trust--—
Provision
' '■.
por)p^^arniirig^-
31-
int., ins. and carrying charges
insurance costs, etc
.•'•NetAincbmeAbeforA^nuolnartaxeft,-..on
Changed, &c.
to change
79,203
;--X3y'•
per
1942
$178,120
12
railway™—
Savannah
drawn—
$175/2
'
^
From Jan. 1—
General
Towing
company
$8,119,085
-Earnings—
1944
$142,016
"152,013
from
.
Dec.
31
—
312,546
,
$357,027
11,251
18,750
18,750
$450,098
$327,025
BALANCE SHEET. DEC. 31, 1945
ASSETS-^Cash in banks and on hand, $1,481,217; U, S. Government
■
has called*for* redemption•""ph"-March" 7,
outstanding first mortgage 6% sinking fund bonds
"The
the
1952,
-
company
at
105
"
3,765,050
$6,669,649 $10,807,120
A 476,965 A
379,517;
railway
Net from railway—^
Gross
The
162, p. 2189.
The
340,894
......
San Antonio Uvalde & Gulf RR.
December—
$14,231,276'
$984,898", $7,046,614 $11,186,637
254,236
3,053,607
3,067,552
"$826,784
"Deficit.—V.
Balance,
•
inc.-
gross
988,537
22,670,793
1,473,551
$1,253,975 $10,103,381 $ 14,572,170
income—.™
Gross
Net
$404,566
209,408
ry.
*
-
"$438,236 .$1,221,389
$9,700,464
33,670
32,586:
402,917
,
incomei—,
Noh-operating
Deduc.
1,029,888
15,605,830
1,394,005
50,478
2,146,455
112,514
Contribution
at
at the age of 49—V. 163, p. 231,
56,452
931,142
105,162
income-
oper.
operating
$13,540,358 $12,088,311
™*_—
Roberts
•
$654,519"? $3,530,836 $27,730,187 $39,364,157
—
Federal——*
Previous
:
1945—12 Mos.—1944
Earhed discount,
Total
Rockwell
:K Obituary—
Ry.—Earnings-
1945—Month—1944
$3,912,467'f $6,339,241 $65,013,442 $72,586,941
3,257,948
2,828,405
37,283,255
33,222,783
Total ry. oper. income
Deductions from railway
w..
43,583,
'91,950
43,290
24,633
1,450,926. > 1,450,926
2,295,403
2,295,403
5,240,531 A- 4,677,508
30;;
Other
923,696
1,'705,082
for
4,300,000
132,660
expenses
taxes
3,465,194
1,097,518
1
Notes
Income
322,755
Railway tax accruals:
Railway
$13,540,358 $12,088,311
LIABILITIES—
4,374,576
2,252,598
1,573,825
$67,343
235,313
"120,718
513
3,866.483
1,306,107
1942
$401,243
•
238,450
122,547
June 30, '45
75,796
Total
8,539
3,779,791
,1943
$443,428
'A
■
from
Other ry. oper. income.^;
100,000
.
assets
101,270
Federal income
$11,791,554 $11,183,262
1,136,556
506,616
hand
•
■**■ *t^■■
excess
Dec. 31, *45
and
current
Other
devote
Treasurer of the parent company by William H. Clark who will also
retain his present position as Treasurer of RKO Radio Pictures, Inc.
Mr. Robert Mochrie, General Sales Manager,
will become a Vice
President of RKO Radio Pictures, Inc.
^
.
1944
$289,901
85,566
Period End. Dec. 31—
$2,189,138
852,613
"
461,552
31,523
34,344
U, S. Treasury ctfs. of indebtedness (at cost)—
Accrued
Depinet will
-
25,874,296
Ry.—Earnings—
1945
$307,772
Railway oper. revenues-,
Railway oper. expenses
53,63$.'r.M;50,386'
1,067,984
$853*103.
income
^
$2,325,705
$2,352,530
996,760
466,358
(net)
in bank6
Other
.
N. Peter'Rathvoni President of the parent company, Will immediate¬
ly move his headquarters from New York to Hollywood and will take
%
ry. oper. Income—
"Deficit.—-V. 163, p. 232.
1,103,924
1,189,922
-
36,307
estimate
Cash
following widespread and permanent organizational changes in
,
■
Net
$1^202;730^¥$1;082^153^ $l;034;828iv1
1,115,323
-34,475'
V.
Total
Properties
Changes—
85,577,649
30,823,573
railway—
Net from railway——
•-«
'•
ASSETS—
Radio-Keith-Orpheum
468.
p.
From Jan. 1—
profits taxes.
The
company claims as a deduction for income tax purposes the intangible
costs
of
drilling wells and computes depletion on a statutory per¬
centage basis.
It is impractical to estimate these deductions and the
income tax liability before the close of the fiscal year on June 30, 194$.
In November, 1945, the company made a bank loan in the amount
of $4,300,000 bearing interest at 2% per annum, repayable in install¬
ments aggregating $361,200 on May l and Nov. 1 of each year beginning.on May l, 1948 to May l, 1953, with a final payment of $326,800
on
Nov. 1, 1953.
Under the terms of the loan the company has the
right to prepay all or part of the indebtedness before maturity-,
without premium, upon 30 days' perior written notice, and it has
agreed that it will not without prior written consent thereto allow
its consolidated earned surplus to fall below
$4,500,000.
With the
proceeds the pre-existing bank loan in the principal sum of $3,300,000
was
retired and $1,000,000 was added to current working funds for
development of properties and other corporate purposes.i
~
9,211
3,155,203
from
Gross
«.v-Dec. 31, '45 June 30, '45 Dec. 31, '44
7 ■
.
Oil production
other:•
No
400
16,160,948
31
;; Total
♦Based
13,750
199,608
taxes————.
Payable for securities
$19,078
#?
1,911,061
railway—Net from rfeilway——
Net ry. oper. income
net Income before income taxes for- .
preceding six-months'^ period9? is as «
"
Revenues natural^
Net
expenses
<
3.447,583
St. Louis Southwestern
:
/ •
$16,407,581 $11,208,935
LIABILITIES—
Accrued
'
Dec
Interest
4
1942
$8,450,569
3,063,028
St. Louis-San Francisco & Texas
Gross
per
A summary of the consolidated
the ;current period ahd thef two
—
■
Convertible Pre¬
Co.—Calls
Tool
&
fdllowa:
« '«
6 Months Ended'—
$15,146,710 $10,396,561
964,389 ?
500,129
98,663
63,835 "
Receivable for securities: sold
133,328 ;
195,959
Receivable from sale of shares of beneficial int.
51,40$
64,491
Deferred Fed. cap. stock tax and prepaid exps.
1,04$
Cash
1943
$9,475,434
111,676,428 115,982,818 107,426,855
28,649,281
36,306,976
36,371,464
15,104,808
17,356,113
22,488,529
income
oper.
—V.163,
outstanding
earnings
ended
1944
'^ASSETSrr-.;;,-:^;.^^
Securities at market quotation—.
141,387
18,231,990
ONLY
1944
$9,531,363
2,612,776
1,439,531
1,477,762
1,069,830
from
Net ry.
163, p. 659.
share for the six months ended Dec. 31, 1945,
before providing
for income taxes, amounted to $1.18 as compared
with $1.02 for the previous six months and $1.16 for the six months
532,028
sale of securities
gain, from
COMPANY
$7,664,086
railway
Net from railway—
Republic Natural Gas Co.—Earnings—
436
paid—720;382.
realized
dividends
the
of
The
$349,262
187,762
•■.'■
!?y- ■
OF
1945
railwayNet from railway. 4-.—
Ne ry. oper. income—
December—
7,965,000
609,887
3,300
'
13,465,869
;
from
Gross
convertible pre¬
securities of the
shares of convertible preferred stock have
been called for redemption on April 1, 1946, at $5.50 per share and
accrued dividends amounting to 13% cents per share.
Payment will
be made at the company's office, 322 South Green St., Chicago, 111.
Each share of preferred stock is convertible into 1.3233 shares of com¬
mon stock up to the close of business on March 22,
1946.
Fractional
shares of common stock will npt be issued but, where required, cash
adjustment will be made in accordance with the market price for the
common stock at the time of conversion.—V. T63» p. 659. '■
All
'
$0.75
11,180,887
1,459,693
18,373,377
'
1944.-
Gross
Edward E. Helm, General Sales Manager, has
$13.06
'
"1,524,544
chgs.
EARNINGS
-; 1943
$14.77
$0.80
outstanding——
Number
:
-
2,778,395
and excess profits taxes
1945, amounted to $65,929 and for year 1945 $8,558,510
$453,000 for December, 1944, and $13 956 420 for
December—
ferred Stock—
•••v-:1944-\
1945
•,
16,244,264
•; 20,906
From Jan. 1—
during the year as Shown in the
of Dec. 31—
1,480,599
2,671,871
income
with
compared
year
New Vice-President—
following table:
As
51,348
1,147,327
Provision for Federal and State income
for December,
-
■
116,844,777 121,244,213
7,155,026
86,219,235
82,624,946'
1,439,397
15,754,474
18,022,071
41,202
489,790
'
351,306
'
_
increase in the
shares.
called at 103 on
new
1945—12 Mos.—1944
9,915,465
for
1945 includes net. charges, for
accelerated
amortization of emergency facilities and corresponding tax
adjustment:
provision
for anticipated? U. S. Government
overcharge claims, and
reorganization expenses, amounting in all to $4,105,947. of which
$2,735,759 is in December income.
V <•-.
Ninety-nine percent of this issue
per share.
The remaining 77
the company by the
common stock which
conversion.
stocks
common
company.-
their
for
1
8,048,974
—
from
"Deficit.
were
retired: at no cost to
underwriters of the 385 shares of
dent in charge of sales.—V.
value of the shares Improved
2,460
-
NOTES—(1) Income
an
350,000
to
preferred
income
Bal. avail, for fxd.
(George) Putnam Fund of Boston—Annual Report—
The
6,465,298
1,095,979
$20
at
common
provides for
200,000
convertible
shares
sale
ferred
preferred
previous. $5
exchanged
'as
1V"'.:
payments in 1945 to $2 per share, the same as
expenses—
Deductions
of
stock
common
_
quarterly dividend of 40 cents per share on the out¬
standing stock was also declared, payable March 1 to holders of record
Feb
18
On Dec. 1, last, the company paid an extra dividend of 40
cents in addition to the regular of like amount, which brought total
y
plan
a
convertible
a
«referred
charged to "Consolidated Earned
of such write-down to be
of
Dec.
5 caused "Goodwill", carried on the company's
consolidated balance sheet at $5,659,478 to be written down to $1 and
Tho directors on Feb.-
the Amount
of
authorized
Purity Bakeries Corp.—Goodwill
oper,
Total
recapitalization for the company, which will
provide approximately $1,500,000 of additional working capital through
the sale of 30,000 shares of
preferred stock, was voted by stock¬
holders Feb. 4.
The financing in addition to the creation of 30,000
Approval of
served by this corpo¬
181,324,000 kwli., as
companies
operating
the
of
output
for
ration
revenue
Total
(par $50) at $51.75 per share and dividend.
Public Utility
oper.
Net ry. oper. income.__
Other income
interest.
■
Ry.—Earnings of System-
1945—Month—1944 '
Total
Stock
Offered—-Hayden> Miller & Co. aiid. associates^on Feb. 5
offered 30,000 shares of $2.10 convertible preferred stock
.
2,440
■
Period End. Dec. 31
7
Reliance Electric & Engineering Co.^—Preferred
$9,788,894
4,287,847;
Jan.26,'46 Jan. 27,'45
$59,278,187 $47,941,552'
....
St. Louis-San Francisco
.
.'$14,013,268^
AGross
/
4,710,907
162,743
income_i„"
$219,498
163, p. 319.
oper.
Stores
Payment will
be made at
the office of the Secretary and
Treasurer of Reading
Co., Reading Terminal, Philadelphia, Pa.—V. 163, p. 468.
270,708
34,026
yS
—V.T63, p. 232.
company :hasv calledv for? reldemption-; onrApril, 1, next, all of
outstanding preferred first mortgage 4% bonds and first mortgage
(not preferred) 3% bonds (both due April 1, 1948) of the Philadelphia
&
Chester Valley
Rr. Co., at 102 J/2 and interest and all of the
outstanding 3% mortgage bonds due Oct. 1, i967 of The Philadelphia,
Newtown
'
——
Income deductions
Net
_
$13,742,559
:
*.
$342,061
52.272,
:
5,086,697
Bales
the
$64,950,340>.
———.-;
♦10,689
.
S'r ■
5,049,072.
The
'Operating : revenues
?•-.,1942 j"--
Safeway Stores, Inc.- -Current Sales Up 23.65%—
163,
privileges.—V.
carriers—express
Reading. Co.—Calls Three Bond Issues—
6 MONTHS ENDED DEC. 31, 1945
STATEMENT OP INCOME,
1943
•
;
4:
■
railway____
from railway_i.____
Four Weeks Ended—
l4,2U,547 147,856,191 141,528,073.
_
Public Service Electric & Gas Co.—Earnings—
15,305
■
"Deficit.—-V.
ll;084,706
and
$382,074
"39,698
?,76,533
income^;.,
1,134,633
1,175,417
99,881.
104,018
16,246
-
fcrgnsp, revenue1
$367,733
"♦41,059*
from
Net ry.
^
*
.._•
jprom Jan.
1944
$367,882
railwayi,„-
Net- ry. -oper.
Gross
107,688
deductions
♦Rail
•Earnings1945
from
NetTromsltkilWayii^iL-
37,109,260 404,145,408 369,475,296.
1,455,867
,
1080.
p.
Rutland RR.
29.324,599
expenses___„
Payment will be made at the Colonial' Trust
57 William St., Nevp York, N. Y.
,
?
*
, Coi,
is successor to the Southeastern' Ice
December
1945—11 MoS.—1944
35,989,106.
taxes
interest.
The^_;Royal Falm v Ice
>
r>,.
.
and
Co.,; corporate trustee
become
now
36,694,334,399,624,889 365,627,937:
- 414,926
4,520,519
3,947,359;;
35,520,635
funded; debt
-
■
Keith
Interest": ^ discouiit-on
stock will be offered share- for share to
new
Total revenues &
.
present preferredj
stockholders, together with a cash adjustment, and in the event more
than the stipulated number of shares are ■ deposited in assent,; the ex?;
change will be made in the order received.'
A
Any of the. new shares not taken under the offer will be sold
through underwriters.—-V, 163, p. 110,
*
1
The
Period End. Nov. 30—? j
Other revenues & irto..-'
.
preferred shares, with a dividend rata
with' 102,000 new
F.
Inc.-^V. 163, p. ill.,
Chargesfoftransporta'n
notes.
/Under the plan the present
117,404 preferred shares, comprising?
82,777 shares of $6 and 34,627 shares of $5 stock, will be replaced
?
-
company has filed with the
and to retire outstanding serial
stock
B.
Gross
Hampshire—To Refund
0
'
\
;
SEC a plan to refund its preferred
of
Co.
into
Railway Express Agency, Inc. (& Subs.) —Earnings—'
•'
;
Public
consolidated
were
New York,
Co.,
Trust
Monday, February. 11,1946
added? tc:theworking; capital: of' theA -Tee CoiT.,7;firjrM^^^
at
-
Appointed—
Bank
Chemical
receive the full redemp¬
1, 1940.'
the balance- will be
and
ness,
and
interest,
next,
due
all
Oct.
of?
1,
and 'all of the' 'outstanding Southeastern '
obligations, at cost plus accrued interest, quoted'market value $4 903 727
($4,825,000*pledged to secure notes payable), $4,835,875; notes ree'eiv-
.Volume. 163
Number 4463
THE COMMERCIAL & FINANCIAL CHRONICLE
...
eble, $4,293,496; ficeobnts receivable, $3,606; excess profits tqx refund
bonds,'$2,31-8; repossessed automobiles, etc.,, carried, at unpaid balances
of respective notes plus repossession and reconditioning costs, $5,935;
cash surrender value of insurance on life of officer, $27,713; prepaid
,
Sinclair to Seek Oil in Ethiopia—
work
the
LIABILITIES—-Notes
payable, maturing within six months, $7,325,000;
(paid Jan. 2, 1946), ,$34,377; accounts payable and/;
dealers' participating loss reserves, $147,628;
reserve for credit losses, $150,000; deferred income, $290,907; mortgage
•
payable, $106,200; 5'k cumulative preferred stock (par $25), $1,250,000;
common
stock (par $4), $760,000; earned surplus, $450,098;
total,
$10/788,980/--V. 162, p.,3199/
1* ■;
1
$284,779;
,
.
.
concession
granted
on
before
or
$463,849
July
on
15, 1946;
before May
or
the rate
at
,iof, 3/^
,
/The stockholders at
a
this
.corporation with
of plant
General taxes-
by /
two-thirds vote, the merger of
States .Realty & Improvement Co.
necessary
.
./
Federal
4,460,932
527,004
>
95,100
730,658-. 4
724,535
189,083
568,820
855,106
;461;188
211,190
573,825
72,131
45,637
repotted
:
.
Facing
$491,563
'
171,438
Corp^Stock Offered^Ji
Heilly & Co., Inc. on Feb. 8 offered 82,000 shares of
/common stopk /{par 400) at $3.25 a share.- The stock
is being offered as a speculation.
;
i-"•
V
M dland
Marine
The
Trust
Co..
of
New
York
has
securities.
appointed
been
.
/
Silver King Coalition Mines C£.—Earnings—
£ Calendar Years-^
'/• f'1945 w,~ 4944 .,
;
J943.
$6,870
shares.
cap.
Earned per share
/ 1,220,467
so.coo
'After taxes and charges but
tLoss;
before depletion*
*
...
the quarter ended Dec. 31. 1945, company made a net
$3,549 after all taxes and depreciation, but before depletion,
For
.3c. per
to
share.—V. 102, p; 29S0,
,
1 -
-
' -
*■'-
The
-
,
1,
interest.
of
dividend
A
cents
50
per
been
share has
new
class
—V.
162,
stock,
A
Feb.
payable
25
has
called
general
the
for
redemption on March
lien
collateral
Southeastern
holders
to
dated
agreement
record
of
Feb.
of-Securities
Said
16.
Gas
trust
7.
Corp..
Oil Corp.—President Opposes Adoption of
ABglo*American /Petroleum v Pact^-H« /F^ Sinclair*
President of this' corporation, and Chairman of the Richfield Oil Corp, of" Califoimia; /on Feb. 4, issued the fol¬
lowing statement:/
•
.
■
.
:-
New
to
the
8,
due
100
and
Sinclair
,
June 1/ 1931, securing the general
1944, of Souteeastern Gas & Water
full
all
said
of
bonds
not
f
heretofore
&
The California
Railroad
'
;
in
-
162.
full
with
interest
Commission
has
&
M.
Sherrerd—
100,000
400,000
/
Co——
Dain
&
.
that no nrov's'on in the agreement is applicable
petroleum operations is sheer misrepresentation. Under
(c)
of
Article li, the/ proposed treaty
would obligate
Provision
subdivision
Congress to enact legislation to regulate and control the domestic
& petroleum industry within the United States, as a means of directing
S its efforts generally to further the purposes of the agreement. It would
/ prevent any action by states, state regulatory bodies or citizens in
connection with "the exploration for and development of petroleum
resources,
the constructiov
and operation of refineries and other
/ facilities, and the distribution of petroleum"—whenever such action
might be deemed to hamper or restrict, or to be inconsistent with,
•; the' purposes of
the. agreement. .;*;-*'-v;•~.:Z •-/'..v"-;-///
•/:.- Subdivision
(b)
of Article
II of the
agreement
would in
my
& Co.—
&
Co
;
MacGregor,
300,000
200,000
J.
Hogle
W.
e.
100,000
100,000
Weeks___
&
Hutton
repeal or modificat'on of the Federal Leasing Act so as to
aliens equal rights With citizens of the United States in the
exploration and development of our public lands.
«
'
;;l To accomplish the stated purposes and objectives of the proposed
treaty, it will be necessary to establish a cartel system in inter¬
national
petroleum trade, which will involve controls, monopolistic
practices, and combinations not now permitted by law or policy of
require
United
States,
If
citizens
of the United States are to participate
voluntarily or otherwise, Congress would be
required to revise our anti-trust laws so as to grant immunity to
those participating in sucu practices. Cartels- are
obnoxious to the
American way, of thinking, a.
w:
-;••>■,
!"u;,
The foreign and domestic commerce of this country in petroleum
the
•
In
such
program,
a
..
do
has
is to
,
<
•
exist
in
separate compartments. What
immediate effect in the other field. If
not
an
be
allocated
or
in
plain
words
cartelized,
happens
our
in
foreign
then
similar
one
field,
commerce
domestic
inevitable consequence. If we are to abandon abroad
or
at home the principles of private initiative and free enterprise
in the development of petroleum trade, which have made our petroleum
industry the wonder of the world, we should do it with our eyes
open—not by means of a treaty full of vagueness, uncertainty and
■. ambiguity,
; ,4 z
■/ ;/;.//•; -'Zr;)• /:
;«/
1 In any event,
the treaty - should not be acted upon by the United
is
control
States
an
Senate
until
the
Senate
has
received
and
considered
&
600,000
600,000
Co.___
and
,
_/.i
Dividends
H. Walker & Co.—
300,000
Weedch & Co.. Inc..—4
400,000
White, Weld & Co.;——'1,000,000
1
expense_„__
/■/
394,806
1,443,056
;
•
252,450
/
1,772
_.-;
of
30
•Mainten.
3,899
$1,000,569
stock——.
Co.—Halves
of
15
cents
cents
each
of
were
made
on
412,296
$592,371
has
Feb.
been
15.
March
.
3
declared
*
Sent
,
/■4;,--^ >4;.//4'
v;-:
Net.ty. opr. income—
Other income
-
^
1
,
Commission,
coupon
invitation fqr,bids..
and
rate
was
quickly
were
fixed
in
the
/;
4pnly oneiother syndicate bid. Halsey," Stuart .& Co., Inc., and! .Associates offered 100.2799
for the same' interest rate.
10 -
I
Total
Total
36,049,248
77,242,817
62,059,953
667,146
86,317,044
>
/
Available^for''*
leased,.roads &
on
on
Amort,
?;
unfunded
of
Dated
Jan.
1,
1946;
due
Jap.
1,11984:
Unconditionally
27,108
..
Pacific Co.
fssue, sa'e and guaranty of these'/bands
t'on
by the
trustee.
in
Interstate
Commerce
.
are
Commissiori.
,
subject
to
authorlza-
Chase 'National
*
.
Bank,
Net income;
<
'
•
•'
-
V
'
>,
68,001
29,752,907/
/Disposition of; Nat Inc.—
24,494,777 '26,990,S64i
35,922/, < 40,160-
.
"
'
"
.
A,.
,
9,974
17,849
36,732,373
58,394.27-1
% 9,209
'v
"
'
-
32,445*."
12,715
34,453
\
;34I005,593>/36,719,660 ^58,359,821/
'
"
/-"-•*
33,000
44.000
48,000
OO.OC,
29,719,907
33,961,593
36.671,660
58,309,821
(
the
opinion of counsel, these bonds - will be legal investments
savings banks in, California, Illinois, New Hampshire, New York,
and Rhode Island; also legal investments for savings banks in
Massachusetts under certain conditions.
.
-
.
"/ '■/,/
1.081
.
v
85,510,93%
''i'/v/'/f-
29,753,988/34,018,038
-
Income applied to sink,
& other req.- funds
-
guaranteed
endorsement as to principal and interest by Southern
'
(»*
.
,
funded debt
fxd, chgs.
Contingent Charges—
'
1119,759
v
*
22,000,878. 22,540,607
114,302
33,578
.*
on
Income aft.
; -
11
x
106,887
•-
^
debt^
discount
806,110
61,392,807
;
,v
154,734
>
fund, debt—
fixed interest
Int.
.
'
The
9,074,227
*>,■>
*
5 •'
56,708,319
-w.
52,051,010
equipment
Interest
/
593,545
■.
fixed charges
Fixed Charges-r-
Rent for
57,301,864
552,459
V/?.-
Income
'
deducts.-
miscell.
-
'/ i:The sale .attracted
by
39,517,745 ,35,346,52?
>
47,893,350 52,449,389
■ 9,408,514.
9,610,564
43,830,583
8,772,886
■
L.„.* 52,603,469
income
.-■V'-'/,
4
,
77,441,905*; 84,89^691
76,377,367,
96,532,033 105,710,068
90,684,902
173,119,875 190,806,185 166,806,676
/■
&* Co., was the successful bidder Feb. 4
for a new issue of $50,000,000 first mortgage 27/8 %
serigs
E bonds, receiving the award on a bid of 100.6599. The
bonds were immediately ; reoffered to the public at
101^% and accrued interest, subject to approval of the
The
/
.
Semi-annual
and
Kuhn, Loeb
/
•
.
of
r
"
•
.,'•»•
operations ———v- 145,345,140 193,511,542 207/291,828 228,157,859/
Railway tax accruals— ¥78,520,401 123,558,842 130,981,263 126,719,350
Equipment rents (net)22,169,945
21,052,064 22,783,373
22,665,980
Joint facUL rents (net)I. ;, 624,211;
1,0Q7,286
1,077,803
l,529,7Crj/;
RR.—Bond
Commerce
552,358,063 576,654,603 628,223,517 597,367,419
and,
r——
•
Net rev.'from railway /
Issue Oversubscribed—
An underwriting syndicate of 91 members, headed
by
Interstate
revs/^U
way
f80,238,267 ;■
equip.—tU2,399,675
Transportation
176,733,744
Other Jy. oper. exp—.w 37,641,242
Dividend—
share
per
record
vy-'/f? >;£V:;vr.44? I-y- ,v."yVilW: V'y1
oversubscribed.
—
bperi
of
structures
$1,004,667
;
412,296 ; /
$588,273
stockholders
Pacific
,
'*
——
/
year.—V, 157, p, 645.
Southern
'
,
'
Tot^/ry,
-
1,772
24,231
•
semi-annual, dividend
distributions
last
,
•;
112.
to
.:
Operat. revs.—Freight— 384,277,534 409,708,653 446,402,683.427^64,121
Passenger
122,068,846 123,579,535 134,419,264 124,246,594
Other46,011,688. 43,366,415 47,401,576,45,556,706^
'^Mainten.
4
,
Whiting, Weeks JkStubbs .. .300<000r
/The Wisconsin Co,4—4Z 300,009
Dean Witter
600,000/
100,000
100,000
100,000
•
612,329
s
252,450
;
March
4
.
/ / cons6wi)ated income accoijnt
*
4.
'.■v-'/-//'.:';$;}/4-4.4;//.:;4'4:4i;Mos/:/4/*ll.MoS,;/;44//a/4:l4^
.Ended - ' Ended *—Calendar Years-—^
■4,.. 4 "
:>
Nov. 30,445 Nov, 30, '44
1944 ,/; _// 1943
-£1
f ''
sf'"4'^,J
'a- *' $
'-1
' f ' $
-<■%t
—
—:
163,
A
•
...
86,400
394,335,
._•
preferred
1
—
Southern Pipe Line
payable
1944
650,716
1,521,290
debt discount end
Balance
—V.
;:
628.747
on
&
Kalman, .& Co., Inc.——
;
:
;
,
G.
200,000 ;/
Company—
Johnston, Lemon & Co-
86,400
a
tax
income
Net
c
Illinois
Johnson, Lane, Space
4 Co.,-Inc.
685,327
Z
adjustments
Other deductions
the
recommendations of its Special Committee, headed by
O'Mahoney. as Chairman. This Comm'ttee has been
•making an extensive investigation and study of petroleum resources
and
the
production and consumption of petroleum and petroleum I
products within
and
outside
the
United
States
for
the
express
purpose of "the formulation of a national petroleum policy." Should
we ignore
the Committee's findings even before they are submitted?
Examination of the proposed treaty will show thafc
by its adoption
the-United States will be definitely establishing a national, as well
; as
an international,
petroleum policy. It would be doing th^s by
indirection;
I might almost say bv subterfuge. Congress and the
nation would be bound, not by their own considered" action, but by
the obligations of a treattv of the, broadest implications.
/
./, •If we are going to .determine national economic
policy by treaty
which would compel us to divide our markets' at Lome and abroad
with other nations;, there is just as much' reason for a ccal, steel
or shipping treaty as there
is for an oil treaty..
:
findings
Senator Joseph C.
of
The
300,000,
1,600,009
Stroud & Co., -Inc.-^-^ ' : 400,000
Swiss American Corp.—
200,000,
Tucker, Anthony & Co.
600,000
Union Securities Corp.- 1,600;000
^100,000 /
Co
&
Hornblower
r
200,000
B; Billiard & Son_
J.,A.
Co.—
&Co^/4l00,000 4 / Itie8 Corp,;
Henry Hefrman
J.
&
! 800,000; /Stone & Webstei; ,6ecur-, /
Noyes & Co—
HijLRichards ^ Co/—4-
.
J
.
>1,600,000
Co.—
Hayden, Miller & Co.___"
Heller, Bruce & Co.—
3,124,781
Interest on long-term debt
Amort,
200,000
The Robinson-Humphrey
Co. —;100,00(l
E. H. Rollins & Sons, ; • , : :J 4
Inc.
i 1,000,000.
Salomon Bros. & Hutzler l,000,009
// Scott & Stringfeliow—- /100,000
Chas W Scranton & Co.
100,000
/ Shields & Co.
1,000,000
i Smith, Barney & Co.—_ 1,600,000.
Wiliiani R, Staats Co.— ,100,G00'
Stein Bros. & Boyce.—
200,000
: -
-
——j
/Hemphill
$7,574,677
taxes__^__^_>.,^_.
profits
500,000
——_
Putnam
100.000
1,600,000
Ira Haupt &
.
3,173,605
depreciation
plant acquisition
excess
•
—
.
1,600,000.
Inc.
$7,768,729
taxes
Federal
•
opinion
grant
1945
•
'
Federal income
assert'on
The
to our domestic
M
100,000
Harriman Ripley, & CO.,
,
for
of
■
Mellon Securities Corp.- 1,600,000
Merrill Lynch, Pierce, '
/
Fenner & Beane
•
800,000
Inc.—
100,000
/Goldman, Sachs & Co.- 1,600,000
Hallgarten & Co
800,000
approved the
Operating expenses
Amort,
■
_
12 Months Ended Dec. 31—
General
■
200,000
Co._
Clark
Glover
Southern IndianaGas &^
revenue
■
$1,300 $383,583,851
McDonald & Co.—./•
300,000
Burr, Inc.™.
&
Co.
300,000
1,600,000
Sons—
-
Gross
2,700
■■■'•■ ■■■>'
..n
the underwriters
together/with
as follows: /;/v
/Kidder, Peabody & Co.4 1,600,000'
: Klrkpatrick-Pettls Co.-4
100.000
Laird, Bissell & Meeds100,000
'
W, C. Langley & Co.-../ 600,000
Lee Higginson Corp.—. 1,000,00(1
Lehman Brothers
4 1,600,000
Laurence M. Marks &
>
3119.
p.
.
: the
ooening of our shores to a flood of foreign oil;
it will be
/ disastrous in its effects on the large independent section of the oil
: industry;
it
will
bring us in competition
with cheaply-produced
foreign oil and will have harmful results for American labor as well
as
American capital. If the proposed treaty is pierely a gesture and
/ no serious effort is to be made to carry out its stated purposes,
then of course there is no good reason for its existence. When and
•,if ;we need' foreign pil. we shall be able to get it without this or
-
,,
„ij^ /
,
are
Glore, Forgan
by some public officials ' and
at the border 4>f^ California, v:
'»
individuals
and
connected with the petroleum
Construction will begin in October if the Federal' Powei1 Commisindustry, the revised Anglo-American Petroleum Agreement, in my
wsion approves; the plan,-~rYi^^158,;
^681*4
opinion, is not in the national interest or in the interest of the
petroleum industry, exceot perhaps some few companies having exten¬
sive foreign oil holdings. The treaty now pending before the Senate
Southern Colorado Power Co.—Weekly Output—
is subject to many of the same objections^voiced against the original 4£4
Electric output of : tbiS' company for the.week ended; Feb.
2, 1946,
; petroleum agreement of Aug. 6,1944; between, the same parties* which.
totaled 2,137,000 kwh., as- compared with 2,158,00» kwh. lor the corultimately led to its withdrawal from the Senate.
v«/Z
of
If the purposes of the treaty are-effectuated, I believe it will mean ...; r^pondtoj^v^?k.l*s.War''*
:p.;094|; ::its
endorsement
two/organizations
>
' >
$1,300
of
names
The First Boston Corp.-
„
plan of this
company and of the Southern Counties Gas Co., subsidiaries of.the Pa- /
Cific Lighting Corp., to proceed with the proposed/200-mile natural
gas line to join the projected 1,000-mile El/Faso Natural Gas Co; line^
/ Notwithstanding
,
1,400
$383,582,551
purchased
Co., Inc.—
&
Fahey,
corporation's Voluntary Plan of Exchange
California Gas Co.—Line Approved—
Southern
.
„
in
1946.—V.
8.
1
,
,,
.
1946, at the Chemical Bank & Trust Co., 165
N. Y. No interest will accrue on said bonds/
York,
after March
on, or
pay
amended Feb. 15. 1941.4
;
should be presented for payment
March
to
Broadway,
to
-^^.$383,581,151
4 Merrill, Turben & Co—
200,000
Metropolitan St. Louis 4
Davenport & Co.—
/100,000; :
Co.
100,000
Davies & Mejia
100,000
Minsch, Monell & Co.—
200,009
R. L. Day & Co—/ 200,000 ;
Morgan Stanley & Co.-u 1,600,OOtV
Dick & Merle-Smith——
1,000,000
F. S. Moseley & Co._w/._ 1,000,000
R. S. Dickson & Co., Inc.
200,000 v
Maynard H.
Murch
&
4
*
Dillon, Read & Co., Inc. 1,600,000
.Co.,—
200,000
Douilnick & Dominick—
400,000
Newhard.Cook & Co._4l. / lOO,OOt>
Drexel & Co
600,000 / The Ohio Co.—: 100,000
Eastman, Dillon & Co.- 1,600,000
Pacific Northwest Co.—
IOOjOOO
Elworthy & Coi-i.—1^ -100,000
Paine, Webber "Jackson
1
•
Equitable Securs,/Corp;/> 300,000
'
& Curtis —; '600,000J
Estabrook/& Co.-^i.—^£//v400i00044v Phelps, Fenrt & Co.—i—
600,009
fill
1946,
at
of bonds
Brown
Cooley
j.
bonds
income
Water
&
as
bonds
accrued
New
of
as
gold bonds due June 1,
Co., cash sufficient
exchanged pursuant
501.
p.
of
!
•jj,,'.
J
William Blair & Co
Alex.
corporation also has deposited with the Successor trustee under
trust
lien
dividend of 50 cents per share has been declared on the
initial
stock
amounts
Blyth
;
The
the
Simpson's, Ltd.—Initial Dividend—
An
-
to holders of
15
.
;
1954,
qualV-v1
■'
Kuhn,; Loeb &
1,600,000
A. C. Allyn'& Co., Inc.- 4
600,000
Bacon, Whipple & Co.—
200,000
Baker, Watts & Co.-^>
100,000
Ball, Burge & Kraus___
100,000
Bateman, Elchler & Co._
100,000
A. G. Becker & Co?, Inc.
1,000,000
Deposits Funds to Retire General Lien 6s due June 1,
declared on the no par
record Feb. 21.
Payments last year were as follows: March 15, 40 cents; June 15 and
Sept. 15. 50 cents each; and Dec. 15, 60 cents.—V. 162, p. 2520.
stuck, payable March
common
capital
V
UNDERWRITERS—The
the
in-, /
expense
Payment will be made at the Underwriters Trust Co., trustee,
5(1 Broadway, New York, N*/Y,
.
.
'
Simonds Saw & Steel Co.—50-Cent Dividend—
value
find
Southeastern Corp.—Calls Income Bonds—
outstanding
June
-
t
'.
...
i
•
"•/
Butcher
eoiporatfon
the
of
profit
equal
'
-
premium
In
(The)
1
of
discount,
2824.
p
'
shares
Coffin &
1,220,467
.so.2o
;
debt
such
112,
p.
$245,705;
1,220,467
so.ih
Nil
"
,
—
v
$217,985
# 1,220,467
,
of
Number
,
of
accordance with generally accepted
accounting prin-'
special charges were heretofore classified as provision '•>'
for taxes or provision in lieu of taxes.
The reclassifications are to
accord with requirements of regulatory commissions but in the
opinion
of the company and its independent accountants, the taxes
chargeable
to operations should not be reduced by such reduction in taxes as to
do so results in overstating gross income by - such amount.—V.
163,
ciples,
$1 par value.
registrar for 265,000 shares of common stock of
NOTE—Amortization
special charges in the years 1945 and 194$ of $211,190 and
$33,574, respectively, equivalent to the reduction in Federal excess
profits tax by reason of deduction of costs incurred in refunding of
,
.
,.
*
eludes
Creek 'Precision
Silver
companies—directors'
ifying
$320,125/
„
v.
-4v-'
...
profits tax___
iong-tem-debt^^^wiiw-f*^#
Carvel Hall at Annapolis,
i
.,
''4;o.:
:>4;
During the period from Dec. 31, 1939, to Dec. 31, 1945, the principal
of funded debt (other than equipment obligations) and bank
Transportation System and separately operated solely con¬
trolled affiliated companies, outstanding in the hands of the public,
was reduced by
payments at maturity, purchases or redemptions from
$715,748,755 to $480,840,584 (exc.uding in each instance bonds maturetk
or called
for redemption but not presented for payment), a net re¬
duction of $234,808,171, or 32.8%
Since Dec. 31; 1939, equipment V
obligations have been increased from $34,052,045 to $45,587,431.
;
Annual interest charges oil funded debt, including bank loans and,
equipment obligations, of* the 'Transportation System and /separately '
controlled affiliated
companies, outstanding in the hands of the public, •
at Dec. 31,
1939, excluding funded debt matured or called for redemp¬
tion but not presented for
payment, amounted to approximately $31,-'
03Q.000, and correspondftig annual interest charges at Dec. 31, 1945,
amounted to
approximately $21,280,000; a net Teduction of approxi¬
mately $9,750,000, or 31.4%. -
:
taxes—207,394
excess
Interest on
,
■
parl^.;^i>$383^81,151
loans of the
$8,034,918
4
508,200
190,200
:
;•
<
pn„.
3,772,763 shares (no
,
amount
41944
Amort, of debt disc^ prem. and expense—./*•.:—«
that1 the' Sheraton Corp.; has purchased the famous
Md.;* '''/
y <$;•{* .Othei:-deductions.16,408
the grounds of the U. S. Naval Academy, Carvel Hall has
/Net,income
$415,228
long been closely associated with Academy life and social activities.
Dividends on preferred stock.
The
150-room, completely .fireproof structure has been the leading
inn
for
officers, instructors and midshipmen at the Academy and
'.i
/ Balance .
•,
$415,228
their families for-generations,—1V; 162, p.- 2398.
V ;
v
;
^ -
*:' It is
/
/
$8,038,355
4,729,067
acquisition adjustments
Federal income
Buys Carvel Hall in Annapolis—
■
Capital Stock:
RrtllthAl'H
$10,033,00O$526,428,(H5
'
v
1945
depreciation-,
Amort,
special dividend' held on Feb. 6 approved,
the ; United
for
.•
4
*
Operating expenses
Provision
S516,393,0l^-
Total funded debt
V1/./4'
revenue
/
.
.
Name, etc.—
Months Ended Dec. 31—
Sep. Oper.
;
,
////'4;;
M
/
.
4
South Carolina Power Co.—Earnings—
I^ .12
i ■;
Transp.
Solely Control'd.
System ;
■
Affll. Cos.
Total
Equipment obligations
$45,587,431
.$45,587,431
Mortgage bonds
289,507,800 $10,033,000
299,540,800
Collateral trust bonds„4-«.->i.l4r;-„ : r 5,233,784
•' '.al
5,233,784.
Debenture bonds
176,066,000
176,066,000
4 Total
Gross
'I:
'
(
/
Funded Debt:
See Savannah-St. Augustine Gas Co. above.
share with a
share, were
,
,K.
'
Other
South Atlantic Gas Co.—New
/
capitalization of
^solely
public
shows the
following table
1945;
:
t)
%
+
$463,849 on or before Nov. 15, 1946, and
1, 1947, with deferred payments to bear
-per annum.-^V. 162, p. 2312,
•
'
Sheraton Corp.—Consolidation Approved—
substantially more than the
hs of Dec,.31,
4-^4-
Sinclair
the
company has sold the Spartan Aircraft Co., to J. Paul Getty
Angeles,, Calif.,, for $1,441,546. The transaction was accomplished
by a cash payment of $50,000 and a secured agreement to pay $463,848
interest
per
petroleum
of Los
,
per
the
This
Sears, Roebuck &.Co.—Secondary Offering—Goldman,,
Sachs & Co. and associates effected a secondary distribu--;
tion of 151,900 shares of capital stoek (no par) after the |
close of the New York Stock Exchange Feb. 5.
The
shares, which were offered at $43,375
selling concession to dealers of 600
quickly oversubscribed.—V 163, p. 319.
of
Skelly Oil Co.—Sells Aircraft Concern—
payable
items,
development
Company; according to an announcement made Feb. 5.^
k///////://>4-
■
accrued
Assistant to the President of the Sinclair Petroleum
is enroute to Addis Ababa, where he will conduct exploratory
under the agreement made with the
Ethiopian Government for
Co.,
interest, insurance, etc., $21,982; fixed assets (alter reserve for amor-;/
tization of $13,800), $106,201; furniture and fixtures, at cost (after//
reserve
for
depreciation of $49;626), $10,647; total, $10,788,988.
i
dividends
CAPITALIZATION—The
Southern Pacific Transportation Sys'tem/and separately operated
controlled affiliated companies outstanding in the hands of the
John R. Lock,
•
821
'
for
Ohio
,
PURFOSE—Proceeds from the sale of the bonds, together with such
funds as may be necessary, to be paid by Southern Pacific Co.
other
to
the
w'll
bd
railroad
applied
company
by
in'
reimbursement
the-railroad
Balance
of
income—
,
of
companjf to
open
the
"Maint.
demption date for the payment of the redemption. price
interest to therredemption > date, /'>:' ' ?^
4..-
'
,
,
,
29,126,262
amortization' of defense projects charged maintenance
and structures, $5,493,954; maintenance of equipt., $19/197,710.
tAccelerated
of
.
way
.
;/ ¥Federal income and excess profits; tax reductions due td: Acceler¬
amortization, $20,822,075;- -redemption Southern Pacific RR. first,
refunding mortgage bonds (premium, charged earned surplus 1945),
ated
thereof and
•.
include
charges
for -deprec^/:
/ /- retirements 8s fimort.^, ' T49,590,148 / 28,114,471" 30,942,742,
account advances,
redemotiori, ort'or
about May 1, 1946, of $50,000,000 first
mortgage bonds. 3%'^v'^series B./;
due Jan. l, 1986, at 10314 and interest.
Holders of the..bonds.,of;■$
series B-will-be invited to present their bonds in advance of the re¬
exps.
:
»
$5,639,037./':7/-;.
•>■:,/;///./
the commercial
822
transportation system
earnings op
Net
from
rev:
Unemploy.
Federal
State
ins.
618,381
tax.
22,491
40,316
(net)
1,554,020
r^jhts (net)
51,683
1,731,309
.70,517
15,180,812- 13,884,515
32,586,396 101,090,480
157,005
Or125,989
23,723,964 22,783,373
1,077,803
875,894
income
7,178,953
4,556,039
51,009,536
202,049
110,769,364
4,758,088
73,600
59,778,900
671,280
*.1,136,543
1,102,654
^-i^___Crl7,459,910
4,916,267
v
taxes
Miscellaneous
EquipmentJoint
facil.
Other
taxes
rents
•Net ry.
669,630
-,
city
and
taxes
tFederal
13,780,288 139,116,933 207,291,828
654,499
7,616,436
7,608,907
•' ■'
708,685
8,249,883
8,240,356
§$6,228,206
op.
taxes
retirement
county
51,568,913 590,262,531 628,223,517
37,788,627 451,145,598 420.931,688
44,132,670
ry.
oper.
income
Drl27,522
™™-_
director?
the new
■
37,904,464
Railway operating rev.
tRailway operating exp.
'
'
'
income
Income
fixed
Total
7,651,431
118,821
available
charges,
fixed
62,059,953
Fed.
after
charges
3,703,530
y.970,151
fixed
1
•
3,229,073
_______
conting
667,146
off—.—/J™-l
income
and
profits taxes
270
.
revised
36,732,375
;
12,715-
33,107,062
>
of
*'1,621
.
•'
-
and
$2,334,819
$0.70
$4.96
profits
The
of
passage
taxes
statements
the
amounted
Net
36,719,660
33,105,440
2,714,067
3,228,533
oper.
163,
p.
income
112.
Texas & Pacific
been
to
2.99%
of
net
sales,
Adjustment Act of
$78,134^90;
12.81 %' to
compared
to 2.72%
Operating
Isret
322,002
455,429,
1945—12 Mos.—1944
1945—Month—1944
___
$5,284,732
$6,767,421
—.
revenues
3,370,078
•3,843,641
$75,518,581 $80,002,746
44,085,849 45,921,334
'
*
net sales
of
828,297
Ryi-^Earnings-
Period End. Dec.
Operating; expense^
Net dollar -sales in 1945 increased
•
income of S. P.
Transportat'n Sys._
41;867,546
14,661,749
Net ry.
after?:
have
1944
18,092;
1,721,976;
635,271
134,542,381 132,010,553 102,275,682/
58,751,019
63,446,321 49,949,880,
13,025,499
24,506,126 26,672,343
118,588,062
from
Gross
$1,888,587
: 7/$3.9i,'
stated
Jare
for
Tax
"
v
railway^
Net from railway...;:
-V.
$354,118
7
*187,594®
2,026,168
From Jan. l—
1,113,280
6,450,000 'u3,519,000
,349,000
excess
refund..
since
717,690
.
railway-
oper.income.
ry.
7-Vv' x
►
1,113,280 7
$1.16
income
4-
from
Net
.
a
•
$549,194
.post-war
basis
.
from railway-
Gross
Net
.
1,519,000
.
share..
this
to
192,126
' <,
,>
17,890
__™™
NOTE—Federal
.
$3,045,044 $13,519,422 $11,571,764
1,060,283 > 3,953,945
4,342,898
168,363
762,768 : •707,999
1,001,573
excess
fest.).^
Earns, per com.
deduction
i
/;
2,714,337
540
charges-
61,392,807
24,660,432
$3,279,783
'36,234
1942
,>;i 7 1045 ''
;.V1944' ,7':'1/ "T943."-''
$7,898,250 $11,423,071 $10,863,848 $11,090,980'
1,171,661
4.299,290 / 1.984,703 / 6,078,085
1,257,002
1,133,427
1,426,396
3,465,370^
;J
December—
$154,877,
302
Earnings-^-
Orleans RR.
New
Texas &
1945—3 Mos.—1944 7; 1945—12 Mos.—1944
*
;
1942
t;\ 1943
$175,949
.
(A7 E.) Staley Manufacturing Co. (& Subs.)—Earns.—
52,449,389
9,610,564
59,107,620
26,000,558
4,684,488
-
Texas Mexican Ry.—Earnings—
New- Comi' Stock
on
declared
common
Period End. Dec. 31earnings_^__.^.i._
Expenses
-—t.
Depreciation
Emergency fapil. .writ-
Net' profit...
6.932,609
have
par
GrOss
for
—
charges™.
/Income
Total
-...™_
deduct.-..
miscell.
$1
7
ten
Total
■
Total
-
& Sons—25 Cents
December—
7 :
" 1945
■.
1944 {'a
dividend of 25 cents per sha^ on
$144,722 >• ; $144,338
stock, payable March 12 to holders of record - Gross from railway.™
Feb, 28. This compares with quarterly dividends of 50 cents per share
*27,755 ,
*64,181
?./ Net from/railway——— •<
Net ry. Oper. income.—. .
paid during 1945 on the old common stock of no par value which
*57,523
8,744
Was outstanding prior to the three-for-one stock sblit-up in DecemFrom Jan. 1—
' '
.ber, 1945, -■•■_.
-<•-••
'
'i
Gross-.from, railway.!..
2,171,485 ■ 2,280,817
The usual quarterly dividend of $1
per share on the $4 cumulative
Net from railway—.:—'.
655,511717,672
preferred stock, po par value,
was also declared,
pkyable May 1
Net ry. oper.'income...
287,477
385,856
to holders of record April 15.—V. 163, p. 233.
•Deficit.—V. 163, p. 320.
\
The
•
$
Squibb
(E. R.)
1945—12 Mos.—1944
1945—Month—1944
Period End. Dec. 31—
Monday, February 11,1946.
financial chronicle
&
$1,914,654 $2,923,780 $31,432,732 $34,081,41218,414,668 24,957,936
% 884,762^ •2,220,276
Net- fev. fr. ry, opers.
7
*
Ry^: tax accruals/;-..!/.
i?44.757/;Wf:77A7^
Production of
income
••Net
of
solely
affil.
controlled
.
,
'
179,922 & 2.128,365
-
7;
'■
.
income.-
nfet
2,159,065
H124,000
adj.—(Debit).
Consol,
2,968,340,
662,939
473,920
§654,002
174,805
cos—
ttCons. adj.—(Cr)
JJCons.
the Decatur, 111., corn and soybean processing flru
ifi terms of tons, increased by 12.35
^
»
- /
5
During 1945, the working capital of the company increased $1,720,721
to $13,797,943. ; Principal factors, othqr than
profitB, contributing to.
2,749,336
••■
#Before provision for interest charges on outstanding debt, or other'
non-operating income items.
tAfter including accelerated amortization
of defense facilities charged (1) for maintenance of way and structures amounting to $1,605;235 in Dec. 1945, and $7,099,188 in the
ASSETS—
controlled affiliated companies as distribution of current earnings,
included
in
and
offset
are
"Other
,in
for
income"
item
the
for
1945
Refundable
"Other income"
of
s
/
•
/
1
•Excluding S. P. RR. Co. of Mexico.
"'
> •
■
^Representing
;
dividends
companies .included
received
from
,
solely
controlled
affiliated
$47,953,967 $49,034,946
^
EARNINGS
1
December—
OF
COMPANY
,
Total
-
s
1944-
1945
"
;
1943
1 1942
Gross from railway..— $30,006,342 $40,145,367 $40,305,631 $39,106,557?
Net from railway
•7,385,369
9,477,821
1,849,591, 18,255,691
Net ry. oper. income.—
5,936,450
3,419,437
•666,322
9,696,065
;:
^•V.
..
Adjustment /Act
profits taxes to
<.?v:7.,'7.:
163, p.,695.
a
,
1945
of
converted
•
a dividend of 25 cents peiv share
value, and the regular quarterly dividend,
per share on the 4%
cumulative preferred stock, par $100,
both payable March 15. to, holders March i.
*
*
Payments on the common stock during 1945 were as follows: March
15, June 15 and Sept. 15, 25 cents per share; and Dec. 28, a year-end
of $1.25.—V. 162, p. 3239.
"
„
.
•
•
10
•
Days End. Jan. 31
1946
—V.
163, p. §94.
1
-
-
$7,574,293
Net
Net
Jan. 1 to Jan. 31
.
'
1945
■
1945
1945
-
$231,185
from
$432,693
*54,382
*607,528
*390,421
from
$265,837
103,334.
$354,670
198,194
*71,833
•
*33,808
.
54,430
-■
4,976,686
1,028,286
315,001
from
railway
ry. oper. income™
5,286,086
1,927,821
916,740
'
4,286,161
1,912,259
1,028,583
•
,
•
.
2,684,833
884,452
417,611
-
Steel Materials
i
in
Dallas,
Holders
>
trustee, Dallas,
Texas.
immediate payment
receive
accrued Interest
may
price, plus
surrender of
said
to
of
Feb.
23, 1946,
163, p.: 468.
debentures.—V.
^
,
the
full
Month of January—
Net sales -
redemption
presentation
upon
r
7'
and
sinCe
Southwestern Bell Telephone
Period End. Dec. 31—
,
■
Co.- -Earnings—
*, 1945—3 Mos.—-1944.-
Gperatlng
revenues.™,
43,027,086
expenses._.
Federal income and exc.
28,958,539
Operating
■>. profits
Other
taxes
*2,363,397
_
taxes
6,770,956 *25,255,275
2,316,766
11,557,036
2,472,604
#1.
Net
income
(net) (Dr)
oper.
*9,233,446
*4,603,030
._
Other income
Total income
Interest
4,630,416
,
deductions-™
4,706,397 *24,023,049
.32,895
;
.
I. Net income
4;673,502
594,974
:
4,035,442
Dividends
3,912,943
3,660,000
4,575,000
.
760,559
and
:
the
1946
-
$732,606
-
-1945;
.
$378,785
vlncrease
$353,821
The
10,845,606
*5,014,217
when
16,012,500
spinach.—V.
162,
^
pack
becomes
with
local
-
will construct the
Investment;manager's are Studley, Shupert & Co., Inc.—V. 162, p.
Southwestern Gas & Water Co.—Bonds Called—
(&
at a apecial meeting on Feb. »
and into Celanese Corp.
.stockholdersthe latter on Feb. 7 also approved
the/^proppsaliS.i/;/£/^
v®
Under terms of the merger each outstanding share of Tubize 4%%
preferred stock would become and be converted into one share of
Celanese first preferred
stock, $4.75 series, and each outstanding
share
of
Tubize
common
stock
would
become
Spiegel, Inc.—January Sales Increased 41$>—~
Month of January—
retail and mail
■'
Combined
—V.
163,
232.
p.
-
order net
1046
,
sales.™.
$4,412,781
.
■?
income
1945
••
V
certificates
of
these
issues
will
be
necessary.—V.
Union Bag & Paper Corp.—15-Cent
taxes,
15,
>/-V
p.
v
/ The
Spokane International RR. -EarningsDecember—
Net
-
from
from
1945
railway
railway.™
7,
Net ry. oper, incomes™.
"
*
From Jan. 1—•
Gross
from
railway.™
Net from railway-™
Net ry.
—V.
oper.
31,373
17,849
7
;■
income™
-
•
$104,543
.
/
1944 7;V 7 1943
$184,834
$195,345
84.122
64,034
$199,144
43,879
55,696
5?-1942/7
director^
2862.
1943
-1944
on
Jan. 3l declared a dividend of 15
98,143
7
.
2.027
■
1
.
2,118,741
699,241
275,890
254,397
2,009,205
791,590
1945,
of shares outstanding
amounted
to
332,495
381,784
163, p. 112.
v-
December—
Gross
from
1945
railway.-
$1944
1943
i942
$1,210,892
$2,361,373
$2,131,123
$1,561,045
Net from railway—•1,500,188
ry. oper. income™
*1,678,950
347,886
•109,179
•258,922
348,225
Net
165,217
railway—
railway.
Net ry. oper, income—
Net
from
_____
24,774,933
3,959,138
26,125,576
23,906,149
8,002,179
10,020,949
461,429
3,935,992
•Deficit. JCorrected figures.—V. 163,
p. 232*
from
Net ry.
1945
4,659,898
1944
•7?
1943
1942
*7 $309,475
$380,464
38,431
*14,724
;; *52,615
$323,632
3J 61,007
*53,796
32,438
3,987,281
1,009,683
489,323
$281,564
22,340
income...
■
From Jan, 1—
Gross from
3,847,985
4,769,426
4,841,515
Net from railway.*.^.
707,491
1,101,030
1,405,812
284,767
' 376,707
712,258
railway—.,
>
oper.'income™
-V.
163,
p.
320,
Terminals & Transportation Corp.;
See
1, next,
Planters
Union Wire Rope Corp.—Registers With
;
Company oil Feb. 4 filed a registration
shares of Capital stock (no par).
42,000
,
13,111
railway—*.
railway..^... ;.
oper.
•Deficit.
19,540,611
9,738,851
6,851,890
B),
SEC—
'
statement With the SEC for
-
•
offer the shares for a period of two weeks after
date of their registration for sale to stockholders • at? >
shared The shares not purchased by the stockholders will
be offered for sale to the public by the underwriter, P. W. Brooks &
Co., at the same price. •
>'
'. '
The estimated * net proceeds, after deduction of expenses, is $5*70,-t
255
of which it is intended approximately $250,000 will go into in¬
creased inventory and the balance used for cash working capital.
The company will
the
effective
$15 50 per
Net ry.
611,446
From Jan. 1—
Gross irom
.
Ry.—-Earnings-
December—
Net
Of the
-
Funds for this purpose will be received from the issuance of „a
aeries beating a lower rate ot uuerest, the
graauated scale:;
averaging .Slightly less than 3Vi%: The new issue will be dated
March 1, 1946 and will mature Sept. .1, 1964. Holders of the preseht
5% bonds may exchange the same for the new series.—V. 142, p. 3872.,
-
Tennessee Central
Gross from
Spokane Portland & Seattle Ry*—Earnings—
Memphis, Tenn.—
of New
/ .;,-V
- /. v-
new
'
1,701.197
■
paid on Dec. 28.
cents.—V. 162, p.
'
$4.887—V. 162,
The directors on Feb. 5 declare^ .& dividend -of 35 cents-per share on
7ip first preferred stock, "par $100, payable March 15 to holders
of record Feb. 26.
Payments during 1945 were as follows: March 15,:
June 15, and Sept. 15, 35 cents each; and
Dec. 15, $2.45.
Arrearages
on Dec. 31, 1945 amounted to $75.96.—V.
162, p. 2991.
.'
-
All
March
the
841,349
cents pef share
outstanding 5% bonds ($195,106 series A and $931,900
due Sept. 1, 1964, have been called tor redemption on
at 105 and interest. Payment will be made at the.
Union
National Bank & Trust Co., Memphis, Tenn., which
owns the series A bonds.
'
'
'
*
;
•series
2313.
,
1,994,582
7 667,151
;
^
•.
Series With Lower Interest Rate—
3,119,582
2,838,929
$4.157/^/ $4.567
Telephone Bond & Share Corp.—35-Cent Dividend—
7.
112.
Dividend—
1945, and, in addition, an extra of 25 cents was
/last year1,, brihglng. total, payments y hi % 1945 to 83
(
Gross
163/ p.
on-the.-capital stock, no par value,' payable March 18 to holders or
record March 9.
A like amount was disbursed in each quarter during
$$4M *
depreciation; depletion and Federaltlncludes; $1,559,843 non-recurring Income.
fEarnings
■
per common share for 1945 oa basis of number
before stock dividend on Dec.
$3,128,112
,
To Refund Present 5 % Bonds Through Issuance
1945
3,430,977
Earned per-'Share.^./;i_^i.i^/J ■
* After
reserves,
amortization,
\
■■
converted into
be
*■
1$15,666,543 $13,350,217 :$13,352,524
—i
•
and
/"a 'Share?of Celanese common/stock. • *■., ■
' \
change is proposed in the terms of the outstanding first pre-;
ferred stock, $4.75 series; 7% second preferred stock or the common;
stock of Celanese Corporation of America and no exchange of stock /
No
Subs.)—Earnings—
No. of common shares™___^.
?
53/
p.'3120.
Co.
/•Net profit
•
Corp., above.—V, I59, p. 2679
* <
Rayon Corp.—Merger Ratified—
'
See The Southeastern
the SECf
units of
Of?; America: /The
new
Years Ended Dec. 31—
.
'
compahy announces that it will redeem on March 7; next* /
its outstanding shares of 5»/4%
cumulative preference stock,
$50, at $52.50 per share and accrued dividends.—V. 156, p. 1422,
Union Compress & Warehouse Co.,
Sun Oil
p. 320.
v.#
■■■
%
go
plant on -its own property
miles north of Los Angeles. Union Ice also has
been
contracted
by Stokely-Van Camp to handle the freezing of
foods packed
at the Oxnard plant. When completed the plant Will
be approximately 120 feet by 700 feet
v~
•,»>;
V'
Mr.
Stokely said that operations are expected to be conducted
on
a
year round basis. The products to be
packed will include lima
beans,
peas,
cauliflower,
brocoli,
orange
and
lemon
juices,
and
by reason of premiums
non-recurring items.: Other
was
charged with an amount offsetting such tax reduction
balance of these items was charged
against surplus.-r-V. 163,
■
approved the proposed merger of Tubize with
r
Into production
available
this : summer,
will be
growers and the Union Ice Co.,
plant, which is expected to
,
; The Union Ice Co:,
in Oxnard, about 75
15,666,102
16,470,000
seasonal
Mr.
18,552,289
,2,886^87
16,429,820
the
frozen foods
operated in cooperation
Stokely said. - '
■
19,056,921504,632
W
19,008,832
k 2,579,012
new
i'i
y,-.v
The stockholders of this corporation,
1946
the
7 The Stokely-VanCamp line of frozen foods will be expanded shortly
through construction of a new $300,000 plant at Oxnard, Calif.,
B. Stokely, Jr., President, announced on Feb. 5.
1
27,227,784
■
of
Tubize
W.
•Provision for excess profits tax was reduced
paid on debt redemption and-other special
income
4.
,
.
V
1
*■
Stokely-Van Camp, Inc.—Expands Production—
39,579,084 167,355,133 151,023,003
25,784,965 106,519,773
93,892,692
$
Ltd.—To Redeem Preference Stock-
Trusteed Funds, Inc.—Registration Statement—
1945—12 Mos.- -1944
$
•£to.-v:,v: / •"
/vThb company on Jan:? 31 filed a registration statement with
for 3,334 plans A,
3,334 plans B. and 1,800,000 theoretical
Commonwealth Fund Indenture of trust plans A and B.
"
Vice-President and Treasurer, on Feb. 6 stated that
sales were the highest obtained in January of any
organization of the company.
This was the fourth
consecutive mohth in which sales have been at. an all-time„high for
the respective month.—V. 163. p. 695.
.-'7 ^
7 1 v.' :7
January
year
■
'
C7' S/LaRue,
the
■•ivu'.htl
Corp.—Registrar Appointed—
Sterchi Bros. Stores, Inc.—Sales Up 93.41%—
t
1
7
:
The
all
.
.
^
t
'H
Inc^l5?C^nt Distribution-^, '
Toronto Elevators,
The.Gtlaranty"Trust Co., of New York has bee A appoihted; registrar
7for capital stock.—V, 145, p. 957/
J " .
1
'
if-if/--i
'7 i
/
The company has called for redemption on Feb. 23, 1946, at 100
and interest, all of the .outstanding 25-year sinking fund 6% deben¬
tures due Nov. 1, 1967. Payment will be made at the First National
;
- /
The directors on Jan. 24 declared a quarterly ^dividend of 15 cents
per share on the common stock, par $1, payable March 15 to holders,
of record Feb. 25. Payment in 1945 were as fpllows: March 15, June
15 and Sept. 15, 10 cents each; and Dec. 15, 15 cents.—V. 162, p. 3121.
par
Southern Union Gas Co.—Debentures Called—
Bank
declared
"
•-*;«»:/•
railway
*Deficit.—y. 163, p. J12. >
,
$9,562,612 $22,494,524 $29,851,606
-
•
4
Tilo Roofing Co.y
1942
1943
.
•
Feb.
on
,
From Jan. 1—
Railway-—Gross Earnings—
revenues™™.,.
'1944 >
1945 >
railway
railway™.
Net ry.? oper, income../
'
Period-r-:
7
'
from
Gross
Net
Gross
Gross
directors
$1
i r;".
December—
*
--
Southern
company's California subsidiary,
1945,-^V,J162, p. 3121.
the common stock, no par
of
Statin Island Rapid Transit Ry.—Earnings—
"*■
471,674,332 493,672,507 465,362,718 370,469,054
Net from railway
97,265,691 148,537,109 164,730,801 150,276,703
Net ry. oper. income—
36,364,091
39,421,098
52,756,188 ' 76,932,583
* Deficit.r-rV, 163, p; 694. ■ ;■"
'
1945—Month-1944
1945—12 Mos.—1944 ,1
$1,868,471 $23,041,299 $21,624,287 /
Thompson Products, Inc.—25-Cent Commoh Dividend
The
-
From Jan, 1—
Gross from railway
Approved—
approving the' sale of its water
$1,450,441
——
which Vra$ acquired ip/Januaryf
1946.
,^77 ;::77.'.-j
,.•
order
Sales'for 1945 included those of the
the post-war
current asset available Jan. 1,
an
(& Domestic Subs.)—Dec. Sales Off—
Thermoid Co.
$47,953,967 $49,034,946
refund of excess
.
1 issued
on
NOTE—The' Tax
ONLY, '
oh Feb.
Sales
'
<
\
l period End. Deo. 31—
...
in net income of S. P. Transportation System but
.not charged against income by paying companies.
;
*
"
$3,821,791/
and water distribution system in the vicinity of and in the
City of Llano, Llano County, Texas, t8 that city for jr cash purchase
price t)!r.$85>000.~!V.' 124, p. 113.; !
,;■•;>
'./>■ r-.N--v-
■■
s
3239.
p.
SEC
The
510,526
.
162,
7,841
■•'•"""•-.'frrf
$7,361,868
$356,818
plant
10,509,408
483,672.
™—.——
781,870|
$7,539,144
235,665
3,474,447'
.7,700
$756,975
—
$6,757,274'
$668,796 $11,375,052
435,116
23,449
3,578,128
280,823
Texas Public Utilities Corp.—-Sale
379,187
$13,375,000 $16,000,000
4,499,131
2,232,764
Accruals
a '
998,678
926,799
Federal taxes on income~_i—.5,279,227
2,638,794
Long-^erin 'debfc
5,000,000
i4,775,000
1,422,000
Reserve—-—^.>
4-.——
Capital stock
8,930,230
8,930,230
9,546,113
Surplus—
...
12,434,947
ttRepresenting interest on certain bonds of solely controlled affiliated companies not credited to income of S. P. Transportation System.
-
—V.
1,422,000
______
11,488,105
V
—_
Net income
'Liabilities—
.
•
equip, at cost less
Notes payable
Accounts ^payable
the Transportation System;
•
.
reserves
TCtal
.
:.™^w-
:■
370,457
(est.)__
Transportation System
adjustment—Debit."
For
$2,875,743
2,110,976/
829,436
73.665
63,969
235,956
charges
Contingent charges
>
$595/125 $10,545,616;
$1,056,900
—
$9,123,476.
2,397,722
96,012
deductions
Misc.
$13,018,064
139,619
,
/;*Cr31,24(1 <J)r74,120 f. pr255,22Q:
$960,888
——
income
/ $703,504
1944
•
1,096,839
assets™'
U
111,423
Cr42,419
Fixed
2,732,150 7 2,944,775
28,847,194 30,393,307
Property, plant and
Deferred charges
therefore, no offsetting
amount is reflected in the debit adjustment item,
,
other
and
Income.
oper.
ry.
-Total
31
$2,935,550
portion of excess profits taxes......
Investments
Net
Other income
?
—.....
Post-war refund of excess profits taxes
are-
DEC.
1945
•
Accounts receivable
-1944, dividends, declared by such companies out of accumulated sur¬
pluses of previous years amounting, to $2,264,576. were excluded from
;
SHEET,
Z—
—
•Inventories
the
"Consolidated
of
^
Gash
..(JDividends.in amount $124,000, declared by separately operated solely
-
refund
BALANCE
months
ment
•
post-war
CONSOLIDATED
ended Dec. 31, 1945; and (2) for maintenance of equip¬
amounting to $6,230,449 in Dec. 1945, and $25,428,159 in the
year 1945,. f After deducting Federal income and excess profits tax re¬
ductions due to (1)
accelerated amortization of $6,530,562 in Dec.,
1945 and $27,352,637 in the full year 1945, and (2)
redemptions of
Southern Pacific RR. Co. first refunding mortgage bonds
(premium
charged earned surplus in 1945) of $3,400,462 in Dec., 1945 and $9,(039,499 in the full year. 1943., ^Deficit.
,
'
^
12
the
were
7
Jt. fac. rentals (net)—
prior years' excess profits
taxes amounting to approximately $1,400,000 which, by the Tax Adjust¬
ment Act of
1945, are now available, and depreciation expense of
$762,768, which involved no cash outlay./ Offsetting these, in part,
were
expansion of production facilities at a cost of $1,772,278 and
cash dividends paid in the amount of $975,578.'
' -
41,847,065
35,772,744
3,367,909
/
increase
the
$1,029,892
Ry. oper. income—..
Equip, rentals (net Dr)
,
..
,
*'
'Vi—V,
:
162, p.
Absorbed-
>
Union Pacific RR.—Sells Debentures at
!
Record Low—;
Oversubscribed—An all-time record low for • rail**
road borrowing in the open market was, established
Feb. 6 when the company sold $44,493,000 30-year 2%%'
Issue
Merchants Refrigerating Co/ above.- •V. 160, p. 1444. /
176.
.Volume 163
debenture bonds to
an
1945
Halsey, Stuart &
holders,
1942
maining
1943
1944
X—X'::
revenues
96,370,042
91,571,984
86,742,472
—V.
45,793,903
.
.
50-Cent Dividend
Vail Raalte Co., Inc.—Declares
All othbr revenues-—wa^fixed in the invitation for bids." Subject to approval
39,961,671
37,776,375
35,941,833
25,028,877
by the Interstate Commerce Commission, the bonds were!
Wt Total operating revs.. 491,877,872 506,590,966 480,274,934 353,064,543
reoffered immediately at 108 % and interest for at yield of ■;.] Maintenance
—X— 187,628,525 148,621,879 148,194,220 105,459,394
about 2.47%, Within a
few minutes the issue was report- > Transportation XiXXxiXX' 144,300,149 137,571,731 125,863,402 94,219,700
All other
30,357,910
28,766,192
26,017,150
19,360,036
ed oversubscribed and the books closed.: ■ -. ■
s
;
will buy
also
Traribportat'-n Oper.— ' ,y 7; $:'v::.'
$'
v$
77 '
$
Freight revenues -XX-Xx'355,546,159 377,242,607 357,590,629 282,241,763
Passenger
who will receive all proceeds from their'offerings.
The re¬
70,000 shares will be underwritten by Reynolds & Co., which
10,000 common stock purchase warrants at 5 cents each.
158, p. 588.*, ' •
:
7,:-
YEARS
ACCOUNT FOR CALENDAR
INCOME
CONSOLIDATED
investing banking group headed
Co., Inc.' The successful' bid of
107.789 for the bonds, maturing in 1972
represented an
interest cost a shade less than 2%%.
The coupon rate
»by
823
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4463
—
dividend of 50 cents per-share on
stock, par $10, payable March 1 to holders .of record
Feb. 14. Payments in
1945 were as follows; March 1, June 1 and
Sept. 1, 40 cents each; and Dec. 1, 80 cents.j-V. 162, p. 2314.
directors
The
V the
:
declared
have
a
common
.
———
,-rr
1
■#-,|Cuhp\-Ijoeb|.-,-dt>'Co4:iheaded\the-\t)nl^v'idtbet;Cbmpeting-^
—~.r
'
—
r—
129,891,288 191,631,164 180,200,162 134,025,413
.{Taxes y-x^—-x»xxX-XX84,536,070 141,806,203 126,063,145
61,744,144
'■group: £t the sale. This group named a pr^ce of 107.5399.
Dated Feb. 1,' $946; due- Feb. t, 1976.- ' V" ' ' •' ' ' ~ ' vV
Principal and interest, Feb. l ap,d August' 1, payable at office or
J
not
less
as
Income, ——,
Hire of equip.—debit bal.
Rents
whole on any date or in part in amounts
a
.
Interstate Commerce Coinmissiotf;
rX
PURPOSE—-Proceeds
bonds subject' t-j
jiuthbrization by
x
Total
;
be' used," together.
it
v
any of said bonds at the full redemption price
to
said redemption
dates promptly after the
interest
;2%</c
and
Int.
debt
of -the
Net
wiH
be
1990;
1,
$44,717,000,
debt
the
of
Lessor
Companies outstanding in the
hands
disposition.
in
in
1960.
,
,
'
'
...
r
34,650,279
tIncludes Fed.
/'
UNDERV^ITERS-^-The* names of the underwriters and the
bonds
pur<^ased::,ar&'.a8--'foj|lowsiAmount
"
;
Halsey,
*
Ames,
Co.
Emerich
A
Co.,
roeder, Inc.
„
Atwill
y*
and
''Ai E. Aub
Parker
f
500,000
400,000..
Merrill
100,000
—i—
,
The Bankers Bond Co.,
100,000
Bgrrow, Leary & Co
,
Jack
M.
Bass
100,000
Lynch,
A
will
?
3,?74
.
3,707
•
;
■
■
The
100,000
of
into
shares
for
common
preferred
York
1,
will
be
suspended
Beane.^
United
Milwaukee
-
Co.——
i,
,.
,
400,000
17.9%
of
and
100,000
Nashville Securities Co.
100,000
The National Company
175,000
X
<
Stock Exchange between Jan. 2 and Jan.
100,000
;
*
F.
Boynton
InC,
&
Co.,
M. Newton A Co
Alfred Q'Gara A Co,«w
Otis A Co.»...
Co.,
125,000
Park-Shaughnessy ACo.
125,000
125,000
Patterson, * Copeland A
A: Kendall, Inc.——.
100,000
Phillips
Co.—
Cassell & Co.——
National Corp.
City Securities Corp...
Clayton Securities Corp.
Central
r
•
"
lOO.OOO;
150,000
Co.
Inc.
125,000
local
400,000
—
•"
Inc.———
-
Mosle
•' "
100,000
,
Chas.
150,000
Nebraska.,
125,000"
Graham, Parsons & Co.
y Green, Ellis & Anderson
■
-
8c Son,
Inc...
&
•.
t
400,000
of Norfolk ——.—Lv
:
Co.
100,000
r.
100,000
125,000
%
100,000
O 250,000
Kean, Taylor & Co,—«
W. C.^ Langley
•
100,000
■'
^
income
"
* '
'
-Earnings1944
1945
,,
,
$58,805,682 $47,153,213
—■
4,755,598,
•
.iaxea^-r-ci—^h.
.
,
1,849,474
.546,743
,,
2,037,292
,
v-
•
Jan*
31
of
splare with
Co,—^
100,000
150.000
:
'
;; p.
3121.
175,000
1,000,000
J,
Co.
D"U«>s A C°.
Neal
A
Wag-
goner ■ „xx„_xi—X—
F. S.
Yantis & Co., Inc,.
Yarnall A Co..X—X—
1,770,969
'
'
/
.
W(%7
(
Refunding Plan Proposed-r-
v
t
•The company announced that it proposes to proceed with its appllca-*
tibn now pending before the SEC to issue $10,000,000 of new first
•
,
refund a like amount of first motgage 4s.
The company also proposes
to proceed with redemption May 1,. of
$5,000,000 of its series A general mortgage 4V2%
income bonds of
which
approximately $20,657,000 now are outstanding.
The Income
bonds are redeemable in whole or in part on May 1 of any year at
f&ca value plus interest from Jan, 1,-VVx 163,, p,v698»
' >
y
; Vc
'>
"bonds
3%
mortgage
to
'
*
-
Westinghouse Electric Corp^Declares
proceeded even
the Indonesians.
-
'
Utah
Net
-
'
1945
,
}-y
paid in that
■
was
on
June
11,
•
u
Frank
,-V.
year,
failway.w^
100,000
■—V.
125,000
- i
:
27,985
v
10,567
; :
9,634-yy 5 72,237
$141,747
36,070
from
from
Net
ry.
17,647
1,313,305
313,746
223,697
186,803
.
196,971
;
.
1,430,769
316,492
-
145,473
v
The company has 'registered with
stock.
Of the total, 39,400
common
-
has
been
elected
director#
a
-
railway——
income—
oper.
-1945
•
1944 ■'
$1,566,271. $1,988,809
,
176,494
740,177
798,642
360,948
,
1942
'1943
$1,766,159
625,774
"-'
163, p. 113.
24,658,039
•
5,086,773
3,462,893
25,101,090
9,007,171
3,352,437
928,698
193,107
651,782
26,128,224
10,423,933
3,744,622
24,241»702
-The New
York Stock Exchange has
shares
additional
notice
of
of
the
stock (par $1), on or
issuance thereof as a
after Jan. 23,^
stock dividend, makingf
687,500 shares.
y
1945, declared a stock dividend
total amount applied for
nirpctors
on
Nov
28.
!
Additional Shares—
authorized the listing? or£2,50J
23, 1946, In shares of the capital stock to
record Dec. 10 on the 625,000 shares of issued and
payable Jan.
of
9,667,517
'3.781,160
...
White Motor Co.—Listing of
X
1
$2,074,983
r
Net ry. oper./income—,
y—V.
v
Wisconsin
1,361,801
361,029
y
198,405
outstanding
Centrat Ry.—Earnings1945 ;
December—
Gross
Net
from
from
Net ry.
railway—,—,—
—
railway—x.-——.
op.
income
®1'682,629
•; *
X———_———:——■75,075
1944 '■;.
$1,577,634
66,767
131,869/
y-
*57.223
From Jan. 1—
^.•^;--.yX'-- -.;'/'-X'r y:r-;';;;;*y;y;;yy
Gross from raUwayx——————
Net
•
169,400 "shares ($5 par)
shares are being sold by 52
stock-
!
of 10%»
shareholder?
stock,rrV. 162, p. 3123.
64,144
42,834
•
the SEC,
'
raUway—.
railway-—
Net from railway
1942
:
.
Vice President,
-
from
Gross
ry:-v7-.
1,502,214
a
From Jan. 1—
'
163, p. 712.
from
Net
v
$135,098
1—V; y.:.X;yx'y:;v;;y y -yyx
railway-X^Xf
Universal Winding Co.-r-Registers Stock-*-
-
w TOO,000
^
,
:
Wheeling & Lake Erie Ry.—Earnings-
v
1943 yt-T?"-'--'
i
.
$104,652
."
Newbury,
698.
December—*
Gross
•
$156,97$
D.
163, p.
official
1944
*
.
1945.
'y.r/s,y,
v;:-
stocks (par $50)
New Director—
paid during that year,
y ■>
>."-v
194$
-
railway-.Net ry. oper. income—
100.000
175,000
per share was paid on the common and preferred
each quarter before the four-for-one stock split-up.-•
Ry.—Earnings-
December—
From Jan.
125,000;
was
on* Jan.
$1
'
•
^
1944
25-Cent Divs.
30 declared a. dividend of 25 .cents per shard
on
the common and preferred stock, par $12.50 each, both payabid
Feb. 28 to holders of record Feb. 11.
Like amounts were disbursed
on
these issues on Aug. 31
and Nov. 30, last year, prior to which
Dividends—
March 12 and $2
directors'
The
the
Co. V 125,000
Wright A Co.—
Wyatt,
1942
$3,962,744
1,174,434
*567,31$
$4,632,710
1,137,922
7,601,820
$4,656,438
.
ai
ry. oper. income—
'•
on
•
Net
F.
;
1943
1944
1945-
$3,085,608
*7,363,160
*1,302,712
railway—-
•Deficit.*
10,249 commori shares (par $1) at $25% a
a dealer conc^|ion of 62 Yz cents—V 162,
Gross from
:
rehabilita¬
a
<
125,000
A
\
Net ry. oper. income—
2,597,864
yy;Froni»Janxy
xy.
Gross from railway——
58,313,695
52,849,947 ; 50,360,509 38,537,32 £
Net from railway—
14,036,807 20,652,533 22,545,844 16,109,884
Net ry. oper. income—
5,262,283 -10,333,606 18,431,417 fy9.108,052
.
.
■
125;000
Wood A
wJ--
from railway
Net
Steel Corp.—Secondary Offering—
I Mellon Securities Corp. Completed a secondary offering
200,000
200,000
-
T
have
among
j
ori• Dec.' 10, 1945.
declared
from railway—X.x,.
E.
The
5.
from
Gross
dividend of 50 cents a share on the
common stock, from earned surplus as of Dec. 31, 1945.
This dividend
is payable March 11 to holders of record on Feb. 18.. The company
paid a dividend of 50 cents a share on the common stock on Dec. 10,
1945. from earned surplus of the company as of Dec. 31, 1944, making
a
total of $2 a share paid on the common stock in 1945.—V. 163,
also
The directors
125,000
—
Batavia
in
continued
preferred dividend for
Gross from
White,; Hattier A Sanford „———.X—_
400,000
200.000
& Co..x
& Co.—
622,518
.$1,330,695
Western Pacific RR.—Earnings-
Universal Cyclops
,
A, Cummins,
Woodard-Elwood
Inc._li.
&
of the
Net
Inc.
•
Harold
Kidder
125,000
250,000
—
125,000
M.
#
200,000
Temple Co.
Kalman 8c
Kinsley 8c Adams—
Laird, Bisseli; & Meeds-
622,518
,
357.
December—
1
Co.—Declares
the remainder was paid $2
150,000
125,000
100,000;
A.
200,000
100,000
Co
Johnson;' Lane, Space 8c
Inc,
Edward D. Jones 8c CO.
'
$1,953,213
$2,357,441
pfd,ystockyfor -.period-^-x-^;*
$21,739,217.—V. 163, p. 358.
8%
Weil' & Arnold..'.——_ U, 125,000
Wertheim A Co.X—_ : 1,850,000
100.000
Thomas Kemp
$200,225
$2,718,306 $1,302,731'
Earnings per 'common shareiXiX-X__*ax«*;x--w y
y $3.62
y - $1.73
Retail sales alone were $31,414,178 against $25,413,998 in the pre-*
ceding year,
and wholesale sales" "amounted to $27,391,504 against
11
Wheelock
Kenneth B, Hill & Co.
Feb.
on
„
$2 oh Sept,! 10 and $2
x
.
reopening
disturbances
One-half of the preferred dividend for
^ 100,000r
A
Wachob-Bender Corp..
100,000' •4 H. C. Wainwright ACo.
Webster A Gibson—
•150,000
7:Co.,
!
A
the
and
^
Hill & CO. -i—;.
Co^,
300,000
$302,301
Net' profit
-Rehabilitating Far
•
States Rubber
One-half
250,000
v
■
Hlrsch &.Co I
•
1,850,000
Co
Thomas A Co.
Investment Corporation
f
;
———
l60,00O
"
•
770,000
383,168
$1,734,923
163, p.
.Federal
6 declared a total in dividends of $4 a. share
non-cumulative first preferred stock, $2 to be paid on
to holders of record on Feb. 18, - and $2 to be paid on
June 10 to holders of record on May 20. < These payments are to be
made from net earnings of the company during the year 1945.
•
■625,000' .Towhsend,
Dabney
A
100,000
Tyson. X———..——
Hawkins & Co.,
■Inc.
,
Nioolaus
Thomas H.
■
;;
of
Net sales .x* '
'v': "•■■•■v''Profit before Federal
w
The directors on Feb.
on
March
100,000
-
A.
anti-Dutch
United
*
Walter Stokes A Co.—
Sutro A Co.
175,000
.
Harris, Hall & Co., Inc.
|,t. Darter H. Harrison &Co.
•,.
Stifel,
"Stix
Harley, Haydon 8c Co.,
Inc.
A
announced
162, P.' 2521.
'
p; 696.
100,000
Hannahs, Ballin ic Lee
■y Robert
„
741,327
282,212
x
30,428'
;
x^—
Calendar Years—
sv
«
1,850,000
Stern Brothers A Co.—
,
500,000
Co..J
Go.
Scranton
Starkweather
<
400,000
100,000
Oreenman & Cook* Inc.
Hanauer
500.000
W»
"
150,000
A
co,
:
Sills, Minton A Cd.,Inc.
Smith, Moore A Co.—
.
175,000-
Foster 8c Marshall--..
;
B.
Rothschild
Scott, Horner A Mason,
:f: lnc. .„——x—.^^
Cleveland
Corporation
'
.
Schwabacher A Co
;
250,000
100,000
F.
'
1,850,000
A 4More*
land ..xx——
L.
it The First Trust Co. of
J.
:^'
28,-^ .163, p. 696.
Co.-
•*
Preparations for the
Rotan,
—
y Gregory
' '
.
people of the Far East, Mr. Freeman said, are evidencing great
in the resumption of peacetime insurance service and bene¬
while
125,000
'
The
fits.
300,000
Co., Inc..
Field, Richards & Co..
First California Co.—
Lincoln,
very' near future.
—V.
400,000
Ferris:'■&
<;>
;,7, V., ,Tv
by
150,000
Schoellkopf,^Hutton
-Pomeroyi Inc
j
64,167.,
-yy:.
49,982
interest
Schmidt, Poole & Co....
First
President,
100,000
Clement A. Evans & Co.,
,
x
'150,060
...
100,000
The
■
625,000
•
Freeman,
Reinholdt A Gardner
150,000
^
55,650
'
Western Auto Supply Co.
A
years
Daniel F. Rice A Co.—
E.
H. Rollins - A' Sons
:;f.-.:johttvM.':vD6uglasiC^^;
•
—V.
dealings on the New
the, .trading' session on
the long Japanese occupation in other sections of the Far
East as well, notably in China-1 where the-Hong Kong office has al¬
ready sent in its first, post-war applications for insurance.
Records
in Shanghai have been verified and that office is to reopen in the
Pierce A Co.
j'f R. J: Edwards, Inc....
Inc.
36,203
$3,406,381
:;
Balance-,
(
.125,000,,
1,850,000
Inc.i..^.—'
Rauscher,
States Life Insurance
150,000
_
•
82,348
$3,380,980
$294,820
yp y:./y';,. <;.;•
surplus
Dlvs, appiic.; to
rate
voting securities of Columbia Gas common
under authority granted in a SEC order of last Dec.
shares of Columbia:Gas on the New York
100,000
—
Skaggs & Co.—
R. L. Day & Co.——
Dempsey & Company.
R. S.
Dickson &
Co.,
Incorporated
the
,MrxiFreeman" said^■'that- surprising progress is being made by Mr.
Litchfield in weaving together the loosed and broken threads occa¬
sioned
ATheRansonw Davidspn
;
Davis,
f
i
^
100,000
Davenport &
-
Mansfield
Co.,,v'.'
W. Pressprich»A Co.
Putnam A Co.
&
Co.. Ind
,
A
100,000
Cunningham
Co.
Pollock
300.000
&
S.
1,010,000
terminates
tion of this section of the company's Far Eastern Division was effected
by, Mr, Galen- Litchfield, Vice-President of the company,; who makes
his headquarters at Manila.
' -7 '
•
'
;
\
,,,
100,000
R.
100,000
—li.
Courts
K.
E.
■X';, Inc.
625,000
,
Cooley & Company
•••
Wm.
•
175,000
Coffin & Burr. Inc.——
1
•;
tensen, Inc—150,000
Phillips, Schmertz ACo.: :, 100,000
; 150,000
v
C, t?i Colling At Co.* Inc.
;
at
of wartime frustration, policyowners of this com¬
in Singapore, Straits Settlements, are again receiving life insur¬
services with the reopening of the company's branch office there,
ance
•Peters, Writer A Chris-
C. F.
stock
preferred
outstanding
that
rafter: five
pany
.-Pacific Nortpwest Co—^,
-
Caldwell
f
125,000s
300.000
*
Inc.
Frank B. Cahn & Co.—
.
Balance
Eastem Division—
400,000
1,850,000
T>
750,000
rs>
.
—J.—...—
&
reservations
income
net
had sold 200,000
United
>125,000
E.
150,000
the
United
150,000
^Newburger A Hanoi^
Chanute,
1
'
of Omaha
.
100,000
.
Burr
■
; 000 additional shares of common stock of the Columbia Gas A Electric
Corp. on the New York Stock Exchange during a three-month period.
United reported that its present holdings were 2,210,856 shares, or
stock,
H.
Miscell.
■
applied to the SEC for permission to sell 200,-
27
Loughbridgg $ Co.—
1
$3,370,178
3,175
-
-
$377,933 X
on mtge. bonds
inter, & deduct. 7 !
Other
Corp.—To Sell Additional Columbia Stock—
The corporation has
175,000
Blair te Co., Inc;—k... ^ 1,850,000
Boettcher and Co._.._
-
$3,298,632
$291,645
9,122
,
_A-x—
Gross income
from
Exchange at: the : opening. of
1946.—V. 163. P. 469. <:
100,000
•
of
Stock
April
v
stock
300,000
Bosworth,
y
Other income (net)——
1,093,822
84.166,
$368,811
revenues__
oper.
1,194,208
1,010,000
80,529
..
Bioren tt Co.
:
93,474
108,016
84,166
taxes
Piop. retir. res. approp.
Net
1945—12 Mas.—1944
$954,113 $11,578,528 $11,375,231
4,137,742
4,154,287
326,412
1,763.489
171,361
1,921,401
326,605
____
Other taxes :^xx>_x
:
42,526,202
on April 1, 1946.
'
Bank Farmers Trust Co., transfer agent, New York City,
authorized to receive such shares and make payment therefor.
Bingham, Sheldon it Co.
•
Operating expenses
City
be
Mullaney, Ross & Co...
Blddle, Whelen Sc Co...
.
5,381
of Spokane United Railways)
1945—Month—1944
$981,072
revenues
Interest
common
share
each
Minsch, Monell & Co...
Moore, Leonard A Lynch
X
Co.
Co.—
&
Operating
°
100,000
Bernheimer
Stearns
4,195
operations
(Excludes
Period End. Nov". 30—
44,764,801
Federal
1,850,000
Baum,
Bear,
-
17,319,184
':•■:•
f
60,600,000 *118,000,000 103,000,Q00'
to convert- said
shares
The
V
i/
■ ^
125,000
; *
*
:
Pierce,
3V3
The
100,000
..
Co;.^—150,000
100,000
Co.—
&
100,000
81 Co.
E. w. & R, c. Mlller A
Incorporated x.x——
,yj&-«£Vr.
;
.
'
Incorporated
17,974,075
atX3 .P.- M.,
.
1,000,000
Metropolitan "St.. LouisCo. —1—I——150,000
^Ballou,: Adams A, Ca.»
:
.
' Fenner
;
of
100,000
8c Co...
Inc.
x—x———
Baker, Weeks A Harden
7
17,319,184
24,610,730
the
Theright
125*000
h
WnulJ, Mericka A Co.,
&
Wfy Redpath
"17,319,184
17,331,095
outstanding shares of 4% % cumulative convertible preferred
stock, $100 par value, have been called for redemption on ADril 1,
1946, at $105 per share and dividends amounting to 37y2 cents per
Cor-
&
I1 Mason, Moran
Morris Mather
100,000
Auchinloss,
Burns
bett, Inc.—
^j
CO^Xui-^^4^.
Mason-Hagan, Inc.—.1
Marx A
150,000
60,0.000
'
Martin,
V
% 100,000
Company..
■'"•
All
125,000
100,000
$361,750
600,000
•
-
:Washington Water. Power Co.—Earnings—
and
350,000
L?
150,000
163, p. 698.
10,000,000
inq^f and
■
ifilOU.WH)
Laurence M. Marks & Co.
:
dWAGt Applegate-XXX
y>;$ Arnhold and S. Bleich-
—V.
62,083,985
United Air Lines^ Inc.—Calls 4^ % Preferred Stock—
y
Loewi & Co...
125,000
:, vt.
45,293,259
,,
.
principal
Leedy, Wheeler & Co...
,
—
33,000
$0.60
$567,750
206,000
$442,866
-.xX——:
Capital'' shares^<.-XX—»>«-i.X-.-x^w-^--
of
No.
41,929,914
profits taxes,X-^ 60,000*000 113,000,000 103,000,000
43,526,202
*
Against possible refunds on U. S. Government shipments.
—V. 163, p. 696.
Amount
Stuart A Co.,
^_X—X—_ $4,918,000
Inc.
% Allison-Williams
-
excr:
3
•
amount of
.
■
Income
Net
x yyy
of
;
$0.74
$475,866
taxes...—.—
62,083,985
•••;;■;y-:'' • ■
--I-1
■
fey
x'
45,293,259
■
v
before
1944
1945
Quarter Ended U5ec. 31—
Earned per share————_
5,668
859,020
reserve-
pfd.
Corpi^-EarningSi
Petroleum
Warren
7,78l
41,070,894
*
1,618,699
on
26,5213,147
'13,226,737
7,487,223 <•7,369,757
Estimated income taxes_«.^x
33,031,580
v
on Dec. 31, 1945, aggregated $106,955,500, of which $52,(including $14,866,000 guaranteed by the company) matures
1946 -and 1947, and $54,750,000, guaranteed by the company
{matured
oper.
31,694
all
reserve-
to
27,300,864
12,560,870
569,947
..
491,807
31,373
>
17,319,184
?
205,500
£
10,661
Unappropriated surp.
Times fxd. chgs. earned
Deprec. - and
amortiz.
v chgs.
incl. , In oper.
?■ exc. profits: taxes^x-
1"® PUbll«
.
-
16,160
567,148
$2,095,693
l,04tf,664
29,169,161
11,934,867
7,118,417
from
ry.
1942
1943
■
:
,
from
Net
'
reads
——_
for
Dividends
debentures,
financing);
and
upon
completion of
this
$33,040,657
principal amount of equipment trust certificates and
other equipment obligations due in varying amounts from 1946 to 1956
inclusive,- interest or dividends thbreon ranging from 1%% to 2%%.
Funded
■-23,771
-i-.y
Total
3%%
retired
1,029,609
ar
1
„
railway
28,308,057
railway.^—4,959,029
income—6,062,583
*
Deficit.—V. 163, p. 357.
Gross
391,770
•*
railway——
From Jan. 1—
Net
debt
from
Jncome
sources
^Released from
»
Oct.
76,255,795
13,642,641
567,789
Profit
•
due
B,
59,470,005:
13,570,444
2688.
p.
$2,640,762
1,232,047
634,013
$2,132,913
634,734
547,307
$2,011,470
*3,132,519
oper, income.—*492,105
from
from railway—u.—
Net ry.
76,823,584
V•'
56,245,007
14,110,072
and equipment
outstanding in the hands of the public on
December 31.
1945, $.100,000,000
first' mortgage
railroad
and land ■
grant 4%
bonds due July.1,
1947; $81,602,000, refunding mortgageseries
•
46,945,377
13,505,867
——___
leased
#Appropri.
.bonds,
Gross
1944
1945
December—»
80,081,886
>611,881
$91,869
$7'1,145
162,
Virginian Ry,—Earnings—
'
15,798,864
disCx,: on
of;
,
'"•
■
56,927,433
-682,426
•V
1943
1944
i.'.-V
1945
•Net profit :——$66,880
•After charges and Federal income taxes.—V
61,024,720
18,876,031
Earnings—
Virginia Iron Coal & Coke Co.
fixed
unfunded
for
Rent
CAPITALIZATION—-Company had outstanding in the" hands of the
on Dec,
J1, 1945, $99,543,100 4% preferred stock and $222,291,had
41,205,855
in
Calendar Years—
:!:"K
20,401,418
47,703,447
758,070
funded debt—
on
funded
.
debenture bonds.:
The-company
16,595,894
opers.
"for
avail
Amortiz,
public
:
36,526,015
•
income
pn
Int.
,
;
accrued
sale
10,328,128
2,730,538
31,107,553
charges
'
due
redeem
■
11,599,126 ,11,769,781:
3,567,608 „ 2,968,214
;;
74,083,386
than
other,
yyyfyyyyyyyyy J.V;
debenture
bonds,
•,
1,802,117,:
:
ahd
invests,
Miscellaneous deductions
funds, to redeem at 103 and interest, company's 34-year
bonds, due Oct. 1, 1970 and 35-year 3 V2 % debenture
May 1, i?71, mow outstanding in the hands of the public
in t^e aggregate principal amount of
$44,717,000.
The 34-year debentures will be called for redemption on April 1, 1946 and the
35-year debentures on May 51, 1946* but the company will offer to
3V2 %
72,281,269
Daniels,
A.
Net
Inc/
will'
-of the bonds
7
,—x
i transportation
with other
>
from
sources
y
of the -sale
ix
—
4,137,017
1,806,833
\l,692,749' ;i 55,943,850
46,997,309
12,609*546
3,280,210
inc. from traps.
operations———
Inc.
on
■^■;v-'IS&UANCE^fssuance.'and:vsale\-<rf'
1,867,788
formerly General Sales Manager, has been elected
charge of sales, and E. O. Williams, formerly Dis-"
trict
Manager,
has been elected Vice-President in charge of the
Southern California district.—V. 163, p. 897.
E.
Vice-President
Net
.
thin
$3,000,000 on any interest payment date, upon not
published notice, and for sinking fund on similar
Aug. 1, 1947 or on any interest payment date thereafter, the"
initial redemption .prices
being 109% and. IO8V2 %
s,; In the opinion of counsel, these bonds.'will be" legal" investments for
savings banks in California, New Hampshire, New York, Ohio and"
Rhode Island, and
Pennsylvania.
,f
,
.
49,824,961
inc.—
oper.
Total
.less than 45 days'
-notice
45,055,218
W. 1,942,091
Railway
;
Rents
,
s*at company's option
of
..
.
-agency of company in New York. Definitive bonds will be in coupon
•form, in denpmination df $1,000, registerable as to principal, and in
.registered fprm without coupons* in denominations of $1,000 arid author¬
ized^ multiples thereof. •:
Coupon and registered bonds interchangeable. *
•Redeemable (except for the sinkirig fund) on and after Feb. 1, 19$ 1,
Co.—Official Promoted—^
Victor Equipment
Revenues over exps;__
;
Net
-y
21,317,591
|j;om railway.-----———- y: 4,355,825
ry, oper.
income—.:• 1,614,456
■
*Deficit.—V. 163, p. 113.
22,172,208
5,659,998
2,771,817
I
<v.
.
THE COMMERCIAL & FINANCIAL CHRONICLE
824
Monday, February 11, 1946
tf'-'
State and
City Department
B9ND PROPOSALS AND NEGOTIATIONS
J
/
*■.
'
•
-
Each bid
Austin, Anaheim, jointly, as 1V4s, and accrued interest.
at a price of 100.32, a basis of must state that the bidder offers
.* Florence, Ala. /;//////
about 1.213%; Due Feb. 1, from par and accrued interest to the
Bond Offering—L. B. Coburn,
1948 to 1963.CDated Feb/ir 1946. date of delivery, and state separ¬
City Clefk, will redfeivft- sealed
Denominatidn^ : $1,000. C;O t h e r ately the premium, if any, and the
bids • until Feb/ 25
for»trie pur¬ bidders were as follows;
rate of interest offered for the
chase of
refunding bohds. amount¬
Priced bonds bid for. Each bid shall be
ing^ to $1,241,000.
These are the
Bidder
•
?
? *
Bid/ for the' entire amount of said
bonds offered for sale on Nov.
For Pomona City High ; Sch.? Dish bonds at "a single rate of interest
20, 1945, for which all bids re¬
and any bid for less than the en¬
ceived were rejected!/'
tire amount of said bonds, or for
American Trust 'Co.,
Jefferson County (P.O.
Los Angeles, and <•
varying rates of interest will be
BitmingWeeded
rejected. Principal and interest,
Co;, jointly,
hdin), Ala.
Warrant Offering—C. M. PinFor iy4s
—101.08
payable at the County Treasury.
■/ President
of
the
r Enclose a certified check for 3%
County Harris /Trust & Sayings,
Board
of
of the bonds Md for, payable to
Bank,?Chicago, arid
^Education,
has
an¬
nounced that/ the County Board Hannaford & Talbot, •
the Chairman Board of Super¬
-of; Education
ill receive sealed
j®J: visors.
j
■
.
*
.
.
"
,
-
v
.
.
,
,
bids until 11
the
a. m. on
purchase
of
For
March 15 for
building
warrants amounting to $3,000,000.
"
ARKANSAS
Trust & Savings
Association, !
San Francisco,
-
'
Fayetteville, Ark.
Bonds
Purchased—-An
Gurdon
y;:
iy4s
!
/
CALIFORNIA
—100.76
525,006 junior
Offering—W. T. Paasch,
County Clerk, will receive sealed
bids until 11 A. M.
the purchase of
;
terest. Principal and interest pay¬
County Treasurer's of¬
fice.
v
*
■
•
r
.
approving opinion; of
Orrick, Dahlguist, Neff, Brown &
Herrington, of San Francisco, as to
; the validity of said bonds, will be
_
v
delivered to the successful bidder
of : charge.
No) conditional
bjds will be considered. Enclose a
certified / check
for
5%
of
the
dis-
high school
"
will
Clerk,
receive
purchase of the following
not
exceeding 5% interest;
$10,000 in 1948, $15,000
7
in 1949 to 1957, and $10,000 in
7
1958 to 1966.
60,000
Midland School District
/
bonds. Due March I, as fol¬
lows:
$3,000 in J949 to 1951,
$4,000 in 1952 to* 1956, $5,000
/
in 1957 to 1961, and $6,000 in
1962.
Trust & Savings
Dated March
par/and ~ accrued interest to the
dsjte Of delivery. Each bid must
statedthat the bidder offers par
Association,
Francisco,
'
For iy2s
Blyth & Co.,
j
Wm/ R. Staats.'Co.,'
San
-
and1 accrued
interest
to
the
date
,
—
.
?29?
Hermosa Beach, Cal.
f
,
:
Bond Election-^An issue of
mu¬
nicipal
improvement bonds
amounting to $600,000 will be sub¬
mitted to the voters at the
election
to be held on April 9.
Eos
//
■
Angeles County Sch. 'Dists
(P. O. Los Angeles), Cal.
Sale
amounting
—
to
o
1
703—were
on
Feb.
awarded
5-—v.
to
163,
a
syn¬
For JV4s
lows:
'
$475,000 Pomona City High School
District, at a price of 101.311,
,
a basis of 1.105%. Due Feb.
I, from 1948 to. 1964,
;
450,000 Norwalk School District
|
C
v
/r>
f:
bonds ,at
basis
; C
of
a price of 100.283, a
about 1.22%.
Due
Feb. 1, from 1948 to 1966.
190,000
Redondo
Beach
City
School District, at a price of
100.095,
a
basis
of
about
.,
1.239%.
1948 to
An
issue
Due
Feb.
1,
from
1963.
of
$150,000
Downey
School District bonds also offered
for sale on Feb. 5—v. 163, p. 703—«
was .awarded to the Harris Trust
*
" / r
?
;
_,100.01
.
-
Co., andk *
1
;
Redfield & Co., jointly,
" v 1 '
iy2s
]
101.06
Los Angeles County, Carvey School
District (P.O. Los Angeles), Cal.
Bond Offering-—J. F.
Moroney,
County Clerk, will receive sealed
bids until 1) A. M.
on
Feb. 13 for
the
purchase of $140,000 school
bonds, not exceeding 5% interest.
Dated Feb. 1, 1946, Denomination
$1,000. These bonds are due on
Feb. 1, as follows:
$5,000 in 1948
to 1955, and $10,000 in 1956 to
1965., The bonds will be sold for
-
■)
* :r
11
•}
Refunding - Approved—It is
re¬
ported; that4 the Board ' of City"
Commissioner^1 approved
22
on
Jan'.
a
program "calling for the rriy
funding of the3,170,000 of bonds
outstanding?ias a result of a
prior refunding/operation in 1938.
The commissibri'ers authorized
by
4
to
I, }'a proposal made by
Shields & Co., New York, and R.
W. Spragins & Co., of
Memphis,
as refunding agents.
The new re¬
funding bonds to be issued are to
now
,
on
approved
Legality
Trauernicht,
Tiskilwa Sch. Dist.
:
Bonds Voted—An
struction
;
•
•
by
St.
of
.
No. SOI, III.
issue of
con¬
amounting
bonds
to
was favorably voted
the election held on Jan. 19.
$100,000
■
at
j-j
}
jointly,
For $275,000, Is, and
: $575,000, iy4s
Barnett National Bank,
INDIANA
.
Indianapolis, *tnd,"
97.163
Bond
Hick¬
E.
Offering—Roy
City Controller, will receive
man,
sealed bids until 11 a. m. on Feb. 11/
Jacksonville, for L40s ^.-.100.003
Cofp., ^./
for the
New York,
elevation of 1946, first issue
,
.
.
Michigan Cprp.,-
Marx & Co., and
>
!
,
tion $1,000.
^
100.119
^
.
,v;.
5
.
.
l%s
V
1
99.258
Blyth & Co.,
Paine, Webber, Jackson & Curtis,
and Ranson-Davidson Co.,
;
For
$4,000 in 1966.
Rate of interest
to be multiples of
of 1 %, and
not
.
Charles Clark & Co., and
Stocktoh, Broome & Co.,
jointly,
'
*
For l.y2s
For 1 i/4s
Due July 1, as tohr
1965, and
lows: 7$8,000 in 1947 to
^
Walter^ Woody & Heimerdinger,
jointly,
•••"/.
——————
97.07
f
-i.———-.r.;
99.06
more
than
one
rate shall be
named by each bidder. Said bonds
will be awarded, to. the highest
qualified
bidder
who
sub/
has
mitted his bid in accordance with
the
of
notice
sale.
bidder will be the
The
one
highest
who offers
the lowest net interest cost to the
City, to be determined by com¬
puting the: total interest on all of.
the bonds to their maturities and
deducting thereform the premium
any.
No bid in an amount
bid, if
less
than
the face
bonds, plus
delivery
to
value of
said
interest accrued prior
at
the
interest
rate
named in the bid, if any, will be
/';/////"y i";U'/
7
bonds,
exceeding 4% interest.
y. j,
Dated March 1,1946, Denomina¬
,
Co.,
purchase of $156,000 track
not
•
Shields & CoCoffin & Burr
.
of. 4.305%
.
.
&
Charles
DB,719
Equitable Securities Corp.,;
bear 4% interest for the first four
Stranahan, Harris & Co.,
;; r
years and 3% thereafter to matur¬ Bacon,/Stevenson & Co., and
■: V
ity in *1975, making - an average Lyons & Shafto/
• ;..
/ r
interest rate of 3.133% as comjointly,- r
/
'J '
pared. With; that
on
Louis.
Robinson-Humphrey Co.,
Watkins, Morrow &
jointly,
•/
For iy2s *
,
Wr. R: Staats
held
be
Corp., of Alton. Dated Jan.
I. / 1946.
\ v
& Co.,
First of
Dunedin, Fla.
to
%}*••■. /://// ■■'//j
-v
2y4% community building /bonds
amounting to $52,000 was pur¬
chased recently by the Municipal
as
Bond
Union Securities
/-ii-i^.^:.101.06:
f;'.
•
Price Bid
Leedy, Wheeler & Co., and
.
.
Sugar Loaf Tpwnship (P. O.,; /
Dupo), lit.
/
Bonds Purchased-i-Ari issue ol
.
follows:
;
mature
election
an
j
bonds are due on Jan. 1, from 1948
May 1, redeem six of its bonds
known and designated as refund¬
ing bonds,; issue of May 1, 1934,
series A, of the par value of $500
_
at
.
These
were
price v of; 100.32/
These- bonds
from 1948 to 1963;
awarded to the Florida National
Bank,, and the plyde C. Pierce
Cofp.^: both, of Jatksoriville, joint¬
ly, as 1.20s, at a price of 100.21, a
basis of about 1,174%. Dated Jan.
proper.,
'
Interest -J-Df
on Dec, 1^
and the sale is
subject to approval of the issue
municipal water, gas and sewer¬
bidders
issue/df;
purchased recently by G.
was
H. Walker & Con of St. Louis, at
a
age certificates offered for sale on
Feb.
1—v.; 163.
p.
115—were
$1,000.
III.
iy2 city bonds amounting to $110,-
$850,000
Sale—The
B. J/Van Ingen
,
Savanna,
Bonds; Purchased-^An
000
//jointly,
Holders of any such bonds
.
Talahassee, Fla.
Bidder
to
cipation warrants amounting to
$5,595,000 at iy4s, as follows: $4,650,000 for the building fund;
$585,000 for the free text book
fund, arid $360,000 for the play¬
ground fund.
such
quent to the date of opening
tenders/K/^
1946, at such price below par and
accrued interest as they
may deem
>/.
Spivey,
price at which such bonds are of¬
fered to the City, which offering
must be firm for 10 days subse¬
Other
at iy4%
of Chicago,
all
Hickey & Co., of Chicago, pur¬
chased at the same time,
?
Clerk, will receive sealed
tenders untif 8 pm (EST) on Feb.
19 for the purchase of series A, B
or
C refunding bonds, issues of
1943.
Tenders to designate the
Halsey, Stuart & Co.,
Blair & Co;, Inc.; and
Mullaney, Ross & Co.,
on
American National Bank 81 Trust
1%%.
Tenders Wanted—J. H.
1962.
Bank & Trust Co., and the 1
tional
City
to
National
First National
Bank, Northern Trust Co., Harris
Trust &/SriyirigS ;Brinri;;ra^
Co.,
Denom.
Illinois
Continental
the
100.01.
1946.
—.100.062
Is
Bank & Trust Co.,
due on April
Inverness, Fla.
1,
Co;; jointly,
iy2s, and,
cipation warrants amounting to
$39,000,000 was purchased on Jan.
14
by a syndicate composed of
1,
from 1953 to 1975. The only other
bidder was Shields
Co., and
Certificate
'
Chicago, III.
Warrants Purchased—An issue
of Board of Education tax anti¬
$500.
and
$1,000
;
$860,000,
ly, at a price of 100.19, a basis of
about 2.988%, Dated April 1, 1945.
are
,
For $190,000,
Co., both of New York, and Leedy,
Wheeler & Co., of Orlando, joint¬
Denominations
,
H/ Walker &
G.
$480,500 3%
series of 1945, refunding bo ads of¬
fered for sale on Feb.; 4-"W.j.63/P;
704—were awarded to B, J. Van
Bank, West Palm Beach, any time
prior to 30 days before May: 1,
R. H. Moulton & Co., and
For
Homestead, Fla.
Sale-^-The
These bonds
,
Blyth & Co.,
Braun, Bosworth & Co., Inc.,
Wm, Blair & Co. ,and
conditions.
4
For ty4s
John Nuveen & Co.,.
each.
Association,
> ' '
San Francisco,
/
For 1 y2s—w—^-7-i«^i-101.18
Blyth & Co.,
called off.
may tender the same at the West
Palm
Beach
Atlantic
National
.
*
and
current; money rate
has announced that the Town will
-.-^-100.02
Security-First National
Bank, Los Angeles,
■"
/
Redemption — Fred
C.
Aiken, Town Clerk and Treasurer
.
1 y2s
originally
the sale of
21,
FLORIDA
Weeden & Co.,
."
For iy2s
101.42
Bank of America National ^
.5
Trust & Savings
/
For
bonds
Boca Raton, Fla.
& Savings Bank,; of Chicago, and
tne Southern
County Bank of cash only and at not less than par
M-
was
the
Jan.
Bond
Anglo-California National
? Bank, Los Angelas, V
f
*
are
on
_100.02
,
dicate composed of
Halsey, Stuart
Co., C. F. Childs & Co., of
Chicago, Milwaukee Co.> of Milwaukee, and Thomas Kemp &vCo.,
; of Los Angeles, as iy4s, as fol¬
which
Halsey, Stuart & Co., and
Associates, -,
*
For-iy4s
bonds
$1,115,000 and of¬
fered for sale
/ :p.
Scho
offered
For Downey Sch. Dist. Bonds
.
Bond
These
*
Weeden & Co.: jointly,
For 1V2S
of
market
.
Kebbon, McCormick & Co.,
jointly,
>
•' ' '
For $1,050,000, Is
—100.279
for the city to obtain the full
■
$235,000
Indio > School District
Due March 1, as fol¬
bends.
1, 1946. Denomina¬
tion $1,000. The bonds will be sold
for cash only and at not less than
Bank of America National
-
and
of
/
Bonds
.
'
Price Bid
Corp.,
>
:
F. S. Moseley &
Wisconsin Co., Milwaukee,
ing arrangement, however, stated
sary
28
First Boston
mum
figure; of 5% is reached.
Proponents of -the new refinanc¬
benefits
Jan.
on
Bidder
con¬
Corrigan & Co,, jointly, at a price
.
For 1-Hsvrijl0(kl8
American Trust Co.,
Los Angeles, and
He
Ingen & Co., Herbert JZ Sims 8c
-
delivery, and state, separately
bonds bid for; payable to
th^' rireriiium/ if' ahy. ; Priricipal
the Redfield & Co.^jointly,
v
'•
County Treasurer.
For I%s^/iu//;w^i/iil00.09/ rind interest paydblri at the Coun¬
ty Treasurer's office.
Enclose a
R. H. Moulton
Co., and
El Centra, Cal.
certified check for not less than
Security-First National
/
Bonds
Voted
The
following
5% of the bonds bid- for each is¬
Bank, Los Angeles, \
" V, '
feonds amounting to $375,000 was
sue,
payable to the Chairman
favorably voted at the election
Board of Supervisors.,
For lV2s ->--_-__/_^-__100.08
held on Jan.
$140,000 water system bonds.'
:
235,000 storm sewer system bonds.
5%.
city would be
able to refund before the maxi¬
the
for the
For Redondo Beach City Sch. Dist.
-
free
dis¬
lows:
Los
The
of
rate
that
tended
bonds amounting to $295,000,
Angeles, and
* ;
•
$200,000 school Weeden&Co;; j ointly,
For 1 y2 s
100.91
bonds, not exceeding 5 % interest.
Dated March 1, 1946, Denomina¬ R. H. Moulton & Co., and
;/
tion $1,000. These bonds are due Security-First National
77:
Bank, Los Angeles, v
$10,000 in 1947 to 1966. No bids
.
for less than par and accrued in¬
jointly; ;/v >•;> '/•
able at the
•
sealed bids until 10 a.m., Feb. 18,
-7/7
...
County
nat,
•:
American Trust Co.,
Feb. 18 for.
dis¬
»
Bond Offertngz-G. A. Pequeg-
;For l%s
"
on
.
Sch. Dists (P.O.
Riverside), Cal*
■
,
Bond
'
Riverside County
San Francisco, \
Blyth & Co., and
Wm.R.Staats Co.,jointly,'
C est a County, San Pablo
School District (P. O.
Martinez),
'
,
trict bonds.' '
,
-w,^._i-^4^il00.0h
/Association,
agreement, despite the fact that
the existing
plan calls for an
Eond
trict bonds.
Bank of America National :
Trust & Savings
Contra
_
lV4s
Jan. 22:
school
1
elementary? school
250,000
*
t
For
jail bonds award¬
to
a
syndicate
by Halsey, Stuart & Co.,
at a price of 10Q.0758, a net in¬
terest cost of 0.887%, for $655,000 as %s, and $395,000 as Is—v.
163, p. 704—also received the fol¬
lowing bids:
ed
headed
Mayor expressed doubt as to the
necessity for paying the 4% rate
required, as compared with that
of 2V2% called for in the 1938
ultimate
i
court house and
The
commissioners.
the
of
amounting /, to
$775,000
favorably voted at the elec¬
trict bonds.
For Norwalk Sch. Dist. Bonds
purchased by Satterfield Bros. &
Co., of Little Rock.,
following
elementary
For
vote
Adams County (P.O. Qunicy), III.
/ Other
JBids — The
$1,050,000
"
$775,000
Bank, Los Angeles, and
First National Bank,
v Pomona, jointly,
/
school bonds 'amounting to ;Anglo-California National
Bank, Los Angeles, '
$116,000 has been contracted to be
of
were
The
—
on
An issue
—;
:,/_aU--vT.100.85
Co.,
1
Q
Voted
tion held
School District, Ark.
Bond Sale Contract
/
bonds
;
•
Security-First National
improvement bonds amount¬
ing to $125,000 was purchased re¬
cently by the W. E. Stephens In¬
Co., of Little Rock.
Bonds
-
-
Corona Sch. J
(P. O. Riverside), Cal. v
Dists.
R. H. Moulton &
of
sewer
vestment
For1 y4s
•
issue
Riverside County,
; /
;
,
ILLINOIS
,
that immediate action was neces¬
—101.03
iy4s.^—
Bank of America National
school
which trie original plan Was. ef¬
fected*
Mayor W, H. Titus is re¬
ported to have;, opposed the, new
plan, but agreed to sign the con¬
tract-pursuant to the majority
M;:'
■
v'T'/
'M.t:
■vK,;
"-t
v..
Volume
Number 4463
163
-
THE COMMERCIAL &
^
FINANCIAL.CHRONICLE
First1 Boston Corp., ..and
Kingsbury & Alvis,
jointly,
,
/
Bond Sale—An issue of con¬
sale may be continued from day struction
: For $91,000, iy4s,,/? u. , / :
bonds
amounting
to
to day thereafter for a period of
$47,000, %s, and
V
$6,250,000 and offered for sale
30
100.005
days
without readvertising, on Feb. 6—v. 163,p. 236—was ; $362,000, Is
during which peripd no bid less awarded to a syndicate composed (Net interest cost .9603 %.)
than the highest bid received on of
Halsey,; Stuart & Co., North¬ Equitable Securities Corp.
the date of sale will be considered; ern Trust
Co., Harris Trust & Stranahan, Harris & Co., Inc.
The bonds will be general obliga¬
Savings Bank, both of Chicago, Weil & Arnold, and
tions of the City, payable out of
White, Hattier & Sanford, of New John Dane, jointly,
unlimited ad valorem taxes to be
For $138,000, 3/4s, and
Orleans, Barrow, Leary & Co., of
levied and collected on all taxable
$362,000, Is
.L—...100.005
Shreveport,
Scharff
& Nones,
property in the City.
Newman, Brown & Co., both of (Net interest cost .975%.)
New
Orleans,
Trust
Co.,
of Haisey, Stuart & Co.,
IOWA
Georgia,
of
Atlanta,
Glas
& A. G. Becker & Co., and
Algona,- Iewd0£££%0;
Crane, Kingsbury & Alvis, Weil Mullaney, Ross & Co.,
Bond Sale
The street bonds & Co., Nusloch, Baudean & Smith,
jointly,
amounting to $22,500 and offered Weil & Arnold, and Lamar, Kings¬
For
$500,000/ Is ..._.,100.056
for
sale
last
November
were ton & La Bouisse, all of New Or¬
(Net interest, cost .9901%.)
awardbd to Wheelock & Cummins, leans, at a price of 100.0056, a
Stern Bros. & Co.,
of Des Mpines, as I V4S, at a price net interest cost of 1.06843 %, as
R. J. Edwards, Inc.,
of 100.866, a basis of about 1.086%. follows:
For $1,421,000 maturing
Lucas, Farrell & Co., and
:
Interest M-N.
Feb. 1, $277,000 in'1947, $281,000
Arthur Tresch & Co.,
in 1948, $284,000 in 1949, $288,jointly,
•
/,
Aplingion Sch. Dist., Iowa
Bond
Election-~»An
issue
of 000 in 1950, $291,000 in. 1951, as
For $138,000, IWs, $308,school
superintendent's ,home 3s, $1,826,000 maturing Feb. 1,
000, Is, and
<
:
$295,000 in 1952, $299,000 in 1953,
$54,000, %s ...--.^.....100.00
„ bonds amounting to $9,000 will be
submitted to the voters - at. the $302,000 in 1954, $306,000 in 1955, (Net interest cost 1.001%.)
$310,000 in 1956, $314,000 in 1957,
election to be held on Feb. 21;
Shields & Co., and *
///;.'/:/' V 1'/ ,'•///•/ '•••'
:V./ /y/
'///'// ;y // ///// as
As, and $3,003,000 maturing
McDonald & Co., jointly,
Bellevue, Iowa
Feb. 1, $318,000 in 1958, $322,000
For $138,000, l^fes, and
Bonds Voted—An issue of $20,- in
1959, $326,000 in 1960, $330,000
$362,000, Is
100.02
000 memorial building and equip¬ in
1961, $334,000 in 1962, $338,000
ment bonds was favorably voted in
(Net interest cost 1.045%.)
1963, $342,000 in 1964, $347,000
at the election held on Dec. 17, in
1965, and $346,000 in 1966, as Is, St. Bernard Parish Sewerage Dis¬
1945.
No -date of sale has been Dated Feb.
1, 1946. Denom. $1,000.
trict No. 1 (P.O. Chalmette), La.
specified as yet.
Interest F-A.
■
'
Bond Sale—A block of $400,000 bonds of the $450,000 public
Cedar County (P. O. Tipton),
Lincoln Parish School Districts
sale on Feb. 5—v. 163, p. 236—
Iowa
(P. O. Austin), La.
was awarded to a syndicate com¬
Flans Bond Issue—The County
Bond Election—The following
Board of Supervisors will meet on
posed of John Nuveen & Co., of
bonds amounting to $155,000 will
Chicago, Barrow, Leary & Co., of
February 6 to institute proceed¬
be submitted to the voters at the
Shreveport
Weil
&
Co.,
and
ings
to
issue
funding/ bonds
election scheduled to be held on
Lamar, Kingston & La Bouisse,
amounting to $150,000.
March 5:
both ©f New Orleans, at a price
Clinton, Iowa
$100,000 Simsboro School District of 100.003, a net interest cost of
Bond Sale—The $7,500 public
No. 3 bonds.
1,366%, as follows:
For $55,000
improvement bonds offered for
55,000 Chroudrant School Dis¬ maturing $11,000 March 1, 1948
sale on Dec. 21, 1945, were award¬
trict No. 6 bonds.
td 1952; as 4s, and $345,000 mature
ed to the Clinton Bank & Trust
ing March 1, $12,000 in 1953 to
I Co., of Clinton.
These bonds are
Shreveport, La..
»7. $13.uft0 ,in 1958 to 1961 $14,dated Nov. 1, 1945.
Denom. $750.
Bond Sale—The $500,000 series 000 in 1962 to 1965,
$15,000 in
Due $750 on Nov. 1, from 1946 to
of
1946, water works revenue 1966 to 1969, $16,000 in 1970 to
1955, incl. Legality approved by bonds offered for sale on Feb.
1972, $17,000 in 1973 to 1975, and
B. A. Campbell, of New Orleans.
1—v. 163, p. 237—were awarded
$18,000 in 1976, as iy4s.
Dated
Interest M-N.
to Barrow, Leary & Co., of Shre¬ March
1, 1946.
Denom. $1,000.
Liscomb Consolidated School
veport, , Scharff
&, Jones,
and Interest M-S.
•.»
;
White, Hattier &. Sanford, both
District, la.
West Monroe, La*
Bonds Voted—An issue of $5,- of New Orleans, and Felix M.
Caddo Parish School District No. 1
In the event no satis¬
considered.
factory bid is received on the date
and at the time herein fixed, the
825
NCyL c
:l H
Co., of New York, Dolphin & Co.,
Buckley
Bros., - Newburger
&
Hano, A. Webster Dougherty &
Co.,/Wv H.; Bell & Co.,/all of
'':£00££(PX)i,iShreveport)0La£00y
estimated
at
only
$38,619,220.66,
97.09% of the levy, at the time
or
the budget
promulgated,
was
•
Philadelphia, Miller, Kenower &
Co., of Detroit, W. E. Hutton &
Co., of New /York, Kenneth B.
Hill
&
Co., of Boston, Robert
Showers,
of
Chicago,
Chace
Whiteside & Warren, of
Boston,
,
*
•
H.:M. Payson & Co., of Portland,
Smith & Co., of
Waterville, State
v
Investment
Co;,
of
Portland,
Pierce, White & Drummond, of
Bangor, Bond & Goodwin, of Bos¬
ton, Martin, Burns & Corbett, of
Chicago, Harvey Fisk & Sons, of
New York, Cruttenden &
Co., of
Chicago, Julius A. Rippel, Inc., of
Newark, Sheridan, Bogan Co., of
•
—
,
.
Philadelphia, Weil, Roth & Irving
Co., Fox, Reusch & Co., both of
Cincinnati, and Doyle, O'Connor
& Coi, of
Chicago, at a price * of
99.50, plus accrued interest. Pro¬
,
ceeds
to
a
be
used
toll
^everly> Mass.
Note
Sale—The
notes
porary
Feb.
awarded
Bank
the
notes
1946.
National
Feb.
7,
and
due
are
Other
type and the interest cost is
believed to be one of the lowest
ever
obtained for- this type of
construction
Nov.
on
bidders
1946.
$10,000.
This
first
operating unit, ap¬
proximately 45 miles in length, is
the
initial
section "of
a
highway
5,
.
were
as
follows:
Bidder
•
V
Rate
Beverly Trust Co
First
National
.405%
Bank,
/
/
Boston
.406%
Beverly National Bank_._. .408%
Merchants National Bank; ?
1 ''' :■
Boston;/——:
Day Trust Co., Boston,
and
;
1
/
.413%
_L
/
.42%>
Bank,
Boston
Essex
;
' >1
Boston Safe Deposit &
Trust Co., jointly
National Shawmut
1
^
1
.43% /
County (P. O. Salem), Mass.
Bond
Offering—James D. Bent-
ley; County /Treasurer,
financing.
on
discount of
a
$25,000
tem¬
sale,
* 705—were
Second
Dated
Denoms.
for
p.
Boston, at
0.39%..'
These
163,
to
of
$300,000
offered
6—v.
its
ceive
sealed
bids
will
until
11
-
re-<
a.m.
(EST) on Feb. 12 for the pur¬
chase of $900,000 temporary notes,
a discount. Dated Feb.
12,.1946.
that is scheduled to extend event¬
at
ually to Fort Kent, Me. It will
directly with the MaineNew Hampshire Interstate/ Bridge
Issued in
at
lem or at the National Shawmut
Bank of Boston. The notes will be
connect
.
Kittery, Me., and will have
entrances
two
to
Portland—one
at
Congress Street and" one at South
Portland.
In
the judgment of Howard,
Needles, Tammen & Bergendoff,
consulting engineers who will de^
sign, and supervise construction of
t
^
'
the sale will
construct
bridge from
Kittery, Me., to Portland, Me.
This financing involves one* of
the first major postwar
projects of
>
'
from
MASSACHUSETTS
the
the
anticipation of taxes for
1946.
year
Merchants
Payable
National
at. .the
Bank-of
Sa¬
,
certified as to genuineness and
validity by the National Shawmut
Bank of
Boston, under the advice
Ropes, Gray, Best, Coolidge &
Rugg, of Boston.
Delivery on or
of
about
Feb.
13,
1946,
at the Na*
project/ this turnpike when tional Shawmut Bank
of Boston.. ;r>
completed will be the most mod¬
ern
high-speed
trafficway • of
equivalent length in the country
and the equal of any comparable
traffic artery in the world.' This
through turnpike will be designed
for safe and comfortable travel at
high speeds night or day.
ticular
Par¬
Leominster, Mass.
; i !
/
Notes Sold—An issue of tkx.
anticipation notes amounting to.
$200,000 was sold on Jan. 22, at! a
discount of 0.465%.* "These "riotes
;
are
due
on
Nov. 4, 1946.
/ T/
:* /
Middlesex County (P. 0£ Easty 'x
■
effort has
been made to
Cambridge), Mass.
v ; : •
from opposing
No t e Sale: —- The temporary'
headlights, as the majority of notes amounting to $700,000 and
traffic accidents occur at night. offered for sale on Feb. 5—v.
163/
eliminate
glare
Bond Election — The following
price
cost of bonds amounting to $700,00Q .will
Jan. 3/
$237,000 be submitted to the voters,at v^he
^The new highway will run gen¬ p. 705—were awarded to the Na¬
in 1947, election to be held on Feb^jjef^. erally parallel to and west of ThS. tional Rockland Bank of Boston,
Manchester, Iowa
Aw icBim'A#
$46 000 in 1948,: $47,000 in4* 1949, $264,OQO^^ wate^
Highway 1. The 'traffic density at a discount of 0.24%. Dated Feb.*
in/1950,' $50,QOO inT951/a? ;26L06d ;Sew.qr: e^tensions^ j^pn^Si maps show U. S.; Highway 1 from 8, 1946. Denomination to suit pur-!
^w^
«?hm?the'lst- and $263.000'maturing Feb. T; ■425,-000' city hall bonds, , % f £0 Boston to Portland carries one of chaser. These notes are due on
!'$5r,000 in 1952, $52.000/ib:1953;
50,000 fire station bonds. •
the heaviest loads of through traf¬ Not/ 6/1946/ Other bidders werp
voters at the election to be held
nnri.uviQSA
$53,000 in 1954 and ions and «54
and 1955, and $54,
fic in the East.
The new toll as follows;
'
on Feb. 26.
MAINE
000 in 1956, as %s. Dated Feb. 1,
highway will relieve a serious
Bidder
Rate
1946.
Denom. $1,000.
New Providence, la.
The next
Maine (State of)congestion on U. S. Highway 1 Newton-Waltham Bank
Bond Election—The following highest' bidder was Kilgore Na¬
and will reduce driving time be¬
Bonus
Payment
Suggested —
& Trust Co., Waltham__ .393%
water system construction bonds tional Bank, Kilgore, for $138,000 State Senator Leland B. Currier tween Portsmouth and Portland
Merchants National Bank,
amounting to $18,000 will be sub¬ VAs, $99,000 %s, and $263,000 %s, of Lewiston has
suggested that by some 30 minutes or
of Shreveport, at
100.06, a net interest
0.803%, as follows:
For
maturing Feb. 1, $45,000
Rives
000 building bonds was favorably
at
the election held on
a
of
voted
;
~
.
mitted to the voters at the election
at
to be held on Feb. 14:
a
price
$12,000 revenue bonds.
Bidder
Spencer, Iowa
Defeated—An
issue
of
$60,000 memorial building bonds
was
on
sealed bids until
for
26
1:30 p.m.
the
purchase of
$50,000 buildingV bonds, / Dated
Feb. 1, 1946. Due Nov,' 1, as fol¬
lows: $1,000 in 1947 to 1949, $3,000 in 1950 to 1964, and $2,000
in 1965.
These are the bonds au¬
thorized
at
the
election
held
on
Dec. 17,1945, by a vote of 99 to 40.
Principal and interest payable in
Titonka.
Legality approved by
Chapman & .Cutler, of.Chicago.
LOUIS!ANA
!
> Bond
Abbeville* La.
/<;'*■/ v.
Offering—Theophile Bau-
City
doin,
.
Clerk,
will
receive
sealed bids until 5 p.m. on Feb. 25
for the
works
purchase of $130,000 water
electric light revenue
and
bonds, not exceeding 4% interest.
Dated April 1,1946. Denomination
$1,000. Due $13,000 March 1, 1947
to
1956."
These
are
the
bonds
authorized at the election held
Jan.
for
on
22. Enclose a certified check
$2,600, payable to the City.
were
as-
#St-| 0 )
a
follows:
month
horse
100,07
pari-mutuel
races
as
taining funds
the bonus.
of
,
The Sen¬
one
betting : at
means
necessary
/
to
.
of ob¬
pay
for
.
.
Bond
Offering
—
An
issue
of
100.002 %xh% / revenue of
1976/bonds
(Net interest cost .909%.)"'
amounting to $15,000,000 is being
Milwaukee Co., and
Harris, Hall & Co.,
jointly, > /
■
/ For $138,000, 1 V2s
$202,000, Is, and
$160,000, Ms
offered
for
sale
by
a
sjmdicate
-omposed of Tripp & Co!, of New
York, and Stifel, Nicolaus & Co.,
t
- ■
::n0 C
x\
of
Chicago, consisting of Messrs.
Blair & Co.,
from 50 cents
The bonds
are
issued under arid
secured by a trust indenture be¬
tween the Main Turnpike Author¬
ity* ririd the First National Bank
Boston, as trustee, and the Na¬
of
land, as co-trustee. The bonds will
be payable solely from net rev¬
„
\
range
tp $1.50 for heavy semi-trailers.
*
Inc.,, F* S,; Moseley &
>
3,90,006 Co., A. C. Allyn ^ Co., B. J. Van
injgen & C9., LeetHiggmson Corp.,
(Net interest cost .921%.)m;L
enues
derived from
tolls
or
con¬
cessions. ;
C-overdale & Colpitts,
consulting engineers, have made a
traffic v survey
which indicates
that the bonds could be paid off
by Aug. 1, 1970, and will provide
all
operating and maintenance
costs, without any assistance from
Federal
or
State grants or. taxes.
—
MARYLAND
al/of New Yorkg.J'ield, Richards
Blyth & Co.,
~
' • &
Baltimore, Md.
Co., of Clevel^nd^ Braun, BosFor $45,000, V2s, $46,000}U -•
•
worth & Co., In'(w,B: M. Newton
i Reports
$2,981,000
Surplus —
i-V'. 3/4s,'- and $409,000 ls..>j.lG6.005
& Co., of Boston,()Wi H- N^wbold's Budget Director Herbert t Fallin
(Net /interest cost .9312%$ V
Son & Co.,, of Phjfadelphia, E. H. reports that the city cpncjudeduts
John Nuveen & Co., and
Rollins
& Sons,ryo£ New York, budget operations for 1945 with a
W. H. Newbold's Son & Co.,''
£ ~ First of Michigan Corp., Whiting, surplus of $2,981,172.59, of which
jointly,"
v
Weeks & Stubbs, of Boston, C, $714,543.08
resulted
from .ap¬
For $237,000, lV2s, and
" .. 1
.
F. Childs & Co., Mackey, Dunn propriation savings and $2,266,$263,000,/%s
—100.0002 & Co., both of. New York, Lyons 629.51- from excess revenue col¬
(Net interest cost .93906%.) /—// &
Sfiafto, of Boston, Ira Haupt & lections/Tax collections for the
Goldman, Sachs & Co., and ////•': Co., of New Yorkr Stroud. & Co., year amounted to $39,451,717.43,
of Philadelphia, F. Brittain Ken¬ or 99.19% of the total levy of $39,Newman, Brown & Co., //•!
jointly,
/
/!
nedy & Co., of Boston, Eldredge 775,193, this representing what
For. $187,000, 3/4S, and
& Co., of New York, J. B. Han- appears to be the highest level of
payments on current account in
auer & Co., of Newark, McDougal
$313,000, Is -L.
—100.00
dou.the city's history. Collections were1
(Net interest cost ,95%.) //;//•/?
.
,
.
•
Boston
.395%
Second National
Bank,
Boston; and
Tolls will
for passenger cars and light trucks
tional Bank Pf Commerce of Port¬
,
Turnpike Authority
(P. O. Augusta), Me.
Is, and
ard.
"at
Maine
F. S. Moseley & Co., and
Weil & Co.,; jointly/
.
..
$393,000,
$107,000, %s
veterans
spent-overseas.'-
legalize
Smithy Barney & Co./
For
war
ator recommended that the State
,
(Net interest cost .898%,)
>
to
bonus
least $10 for each month spent in
the service, plus $5 for every
Price Bid
$138,000, %'s,
$99,000, 3/4S, and
$263,000, 4s
more, arid
greatly reduce the accidentj haz¬
the legislature be called in special
session for the purpose of voting
For
Jan, 29.
Feb.
net in¬
p Kilgore,
defeated at the election held
ceive
a
Kilgore National Bank,
Titonka, Buffalo Consolidated
School District, la.
Bond Offering — The Secretary
of the Board of Education/Will re¬
.on
100.07,
Other bidders
6,000 general obligation bonds,
Bonds
of
terest cost of 0.898%.
,
,/
Boston Safe Deposit &
Trust Co., Jointly
.40%
t
Day Trust Co., Boston.— .417%/
Middlesex County National
Bank, Everett
.42%
First National Bank,
Boston
,43%
National Shawmut Bank,
Boston
New
Note
R. Freiwill receive
Offering—Wm.
tas, City Treasurer,
sealed bids, until 11 am
Feb.
.44%
UA0-''
Bedford, Mass.
(EST)
on
11 for the
purchase of $600,000 temporary notes, at a dis¬
count.
Dated
Feb.
11,
1946.
Denoms.
$50,000, $25,000, $10,00Q
$5,000.
These notes are due
Nov. 7; 1946." Issued in anticipa- v
tion of revenue for the year 1946.
and
on
Payable at Nat'l Shawmut Bank,
of Boston/and will be ready for
delivery on or about Feb. 13, 1946,?
at said bank.
The notes will be
authenticated as to genuineness
and
validity by the
National,
Shawmut Bank, of Boston, under
advice
of.. Storey,
Thorndike,
Palmer & Dodge, of Boston.
,
Worcester, .Mass, ' - //'•://: ■ /
iBond Sale-rThe follpwing bonds
amounting to $700,000 and offered
for sale on Feb. 1, were awarded
to the Mellon Securities Corp., of
Pittsburgh, and Blair & Co., Inc.,
jointly, as %s, at a price of 100.-
655, a basis of about 0.617%: //!
THE COMMERCIAL & FINANCIAL
826
\
■
"Tenders of In¬
Warrants,"
ad¬
the. Board of Liquida¬
tion for the Borough of Fort Lee,
1011 Palisade Ave., Fort Lee, N. J.
Tenders will be opened on Feb. 20,
velopes
emergency . housing
bonds.
Denomination; $1,000,
$150,000
v
,v
terest
v>.
Due $15,000 March
1956.
1, 1947T V;
100,000 trunk sewer bonds.
Due —. 1956.
87,500 Meadowbrook golf course
$10,000 Jan. 1, 1947 to 1956.
bonds.
Denomination $1,000
DatedJan..l 1946. Denom„$l/)00.
one
for $500.
Due March 1,
Principal and interest to be pay¬
x'
from 1947 to 1956. ;
able at the First National Bank
Dated March 1, 1946.
Interest
of
Boston.
Other
bidders, for
M-S. Other bidders for 1% bonds
SA% bonds, were as follows:
,
///
Price Bid
*;
•:'>
Mercantile-Commerce
Bank & Trust Co.,
were
;
Louis, and
»/
& Co., jointly.—-100.577
Shields & Co., and
Coffin & Burr, jointly —100.456
Guaranty Trust Co.,
-'"/v;-.;
New York,
^
Laidlaw & Co., and
A,**'':
Bond
Chicago
_100.1868
St. Paul
——
W. E. Hutton & Co.,
educational
jointly
100.433
Halsey, Stuart & Co., and
-•
First of Michigan Corp.,
—.—100.412
Chicago,
/ ;,
Bankers Trust Co.,
""
/' ;
New York, and
"•
,•
-v-\
facilities
? >
Savings
&
-
Cigarette Tax Yield—The mu-:
nicipal tax of two cents on each
package of cigarettes produced a
Boston
.———4100.26 / yield of $764,888 in 1945, as com¬
pared with $645,290 during the
Stone & Webster Securities
preceding year.
.-Corp.-,•..
F. S.-Moseley & Co.,
•
Memphis, Mo,
Harriman Ripley & Co., Inc.
Bond
Sale
Details—The $87,Bank, Chicago,
1
at
A■
'
-
,
MICHIGAN
Garden City,
Wanted
Tenders
P.M.
8
(EST)
F.
on
of said bonds—
*'
I
•
'•
...
Sch. Dist. No. 129
(P. O. Broken Bow), Neb;
Custer County
Sale—The
>
of
issue
$40,000 construction bonds will be
submitted to the voters at; the
election to be held on Feb. JL8,.
Gordon
Neb.
Sch.; Dist,,
—f
Voted—An issue of con¬
Bonds
tax
$160,000
Election—An
Bond
Kalamazoo Sch. Dist., Mich.
Note
amounting / to
bonds
struction
anticipation notes offered for sale
last November were awarded re¬
$20,000, not exceeding 3% inter¬
est was favorably voted at the
syndicate composed of election held on Jan. 29.
the
American
National
Bank,:
York, Neb.
First National Bank & Trust Co.,
Bond
Election—An
issue
of
Home Saving Bank, and the In¬
dustrial State Bank, all of Kala¬ municipal airport bonds amount¬
ing to $28,000 will be submitted
mazoo, at IV2.
,«
—
to the voters at ttie election to be
Shelby and Sterling Township
held on Feb. 26.
Frac, Sch. Dist. No, 1 (P, O.f//
NEW HAMPSHIRE
Utica), Mich. '
cently to
a
■
Sale—The
$25,000 school
awarded to McDonald-Moore
&
\
Note
porary
1, 1946, or as soon there¬
they may be prepared.
Enclose a certified check for 2 %
after
P
•
'
of¬
fered^ payable to the Township.;,
Of the. par value of the bonds
Union Sch; Dist., Ni /.
Bond Election-iAtt issue of con¬
Sale~-The
notes
.
on
Nov. 19,
awarded recently to the First
were
of
Michigan Corp., of Detroit, at a
price of 100.03. a net interest cost
of
1.336%,
maturing
;>
follows: For $24,000
$8,000 Sept. 1, 1946 to
as
as 1V2S, and $17,000 maturing
Sept. 1, $8,000 in 1949, and $9,000
in 1950, as iy4s. Interest M-S. ?.
1948,
$400,000
tem¬
bidders
were
voters at the
Bond Election Planned—An is¬
v
sue
of
construction
bonds
ment
and
amounting to
.equip¬
$125,-
000 will be submitted to the voters
at
election
an
near
to
be
held
in
.
E. H. Rollins &
for sale
on
Feb. 7—v.
163, p. 513
Phelps, Fenn
Sons„^//0.439%
awarded
&
of New
to
York,
J.
and
,t
.
•
will
receive
(EST) on
purchase of $38,000
Secretary,
sealed bids until 2 P.M.
not to exceed 5%
interest coupon
,
1949 to 1956. Rate of interest to be
or
one-tenth of
1%, and must be the
same
for all
of the bonds. Principal and inter¬
est
payable at the Franklin Square
National Bank, Franklin Square.
The bonds are general
obligations
payable from unlimited ad valor¬
em taxes upon real property and
have been authorized pursuant to
the Local Finance Law to finance
the
acquisition of fire apparatus,
which is a purpose for which Sec¬
tion 176 of the Town Law of New
York
the
authorizes
District
to
The period of prob¬
able usefulness of the object or
purpose for which the bonds are
spend
money.
islO
be issued
nished
with
the
Levy Named Consultant — Ap¬
pointment of Saul Levy* a certi¬
fied public accountant, as special
consultant to Comptroller Lazarus
Joseph, is announced. ; Mr. Levy
Will sereve in an advisory capacity
.
Without compensation.
New Xork City Housing Authority,
Note Offering—Edmond B. But¬
;
issue
construction bonds
of
will
be submitted to the voters at the
Feb.
13.
,
Bond Election Planned—An
of
sue
is¬
—
amounting
submitted
the
First Series Notes
Second Series Notes
Third Series Notes,
Fourth Series' Notes
Fifth Series Notes
Sixth Series Notes •
Seventh Series Notes :
Eighth Series Notes
Ninth Series Notes
Tenth Series Notes "
Eleventh Series Notes
$1,500,000
.1,400,000
1,500,000
1,650,000
1,600,000
1,600,000
to
the
at
voters
election which will be held
1,500,000
some¬
time in April.
NEW YORK
bon and Fort Ann Central Sch.
O. Hart¬
ford), N. Y,
;
1,700,000
1,700,000
1,700,000
.
Bond Offering—Howard
for
Hannah
the
of
1%,
and
pursuant
Section
to
Local Finance Law.
interest
the
must
for all of the bonds,
payable
District
of
Principal and inter¬
payable at the Bank of West-i
bury Trust Co., Westbury.
The
est
bonds
will
Bank
of
be deliyered: at thq
,Westbury Trust /Co.,
Westbury; or at the option of the
bidder at the .ofice of
successful
Hawkins Delafield & Wood, Esqs.,
New York City, on or about
of
March
1, 1946. The. bonds will be
legally binding general
obligations of the Village, all the
taxable
real
property : within
which will be subject to the levy:
of ad valorem taxes to pay said
honds and interest thereon with<.
valid and
out
limitation.
*
amount.
to
as
bonds
Said
rate
ox!
issued
are
and sold. pursuant, to
the Village
Law,
acquisition of
Law and the Local Finaiice
for
financing
the
•
land and the construction of
parking areas in the amount of $30,000.The statutory authority for the:
powers to acquire said land and
construct the parking areas i$ the'
Village Law. -In the event that
prior to ^the delivery bf the bonds
the
income
holders
received
by private:
bonds of the same
from
type and character shall be taxa-1
ble by the terms of any Federal
incomd
tax
law,
the
successful'
bidder may, at his election, be re¬
lieved of his obligations under the
contract
and
in
to-
purchase
such
companying
case
his
bonds'
the
the deposit
bid will be-
ac¬
re¬
turned.
The period of probable
usefulness of the object or pur¬
for which the indebtedness)
pose
is to be contracted is 5 years. The,
opinion of Hawkins,
Wood, of New York'
City, will be-'furnished to the
purchaser without cost. The Vil¬
lage operates under the Village^
approving
Delafield
&
All the bonds of this issue
Law,
to
sold
be
pursuant
to
the'
Local Finance Law. The bonds is-V
sued
are
due
Park,
at
Clerk.
be
t
the
Issued
63.00 of the
Principal and
,
the
office
This
of
District
purchase of $31r
5% interest
school site bonds of 1946. > Dated
exceed
to
for $500,
each. Due March 1,
$1,500 in 1947, and $2,-
March 1, 1946. One bond
others $1,000
as
follows:
inclusive.
Josiah
M.
000
Principal and interest (M-S) pay¬
the
proposed
bond
issue
authorized by said law is issued
Board
has
to
.
the
Local
.
Finance
More than two-thirds of the
qualified
voters
of
said .District
available $36,000
have authorized this issue, all in
at the lowest
accordance
M.
1 -
with
r
the
*
statutes
of
the State-in such cases maae and
provided.
of
-The Board of Regents
the' State
their tenders in plain sealed enr. of tbj,s issue.
has
duly approved
Certified-copies of
from
1948
to
1962
able at the Bank of Orchard Park.
Bonds will be in bearer form with
attached,
coupons
converted
bonds.
rate
of
into
Bidder
and
fully
to
may
be
registered
name
a
single
expresed in a
multiple of one-tenth or V4 of 1%.
A
interest,
certified
check
for
The
$630,
pay-,
able to order of the district, is re¬
quired.- Legal opinion- of Vande-
for the
provided
procedure
validation of the bonds
in Title 6 of Article 2 of- the Local'
Finance
with.
is
Law
Enclose
-
for 2%
a
being complied
certified check
of the bonds bid for, pay¬
able to the Village.
■
■
"
V
■
mm
'
CAROLINA
NORTH
v
y
Cleveland County (P; O. Shelby),;
North
Bond
15 for the
not,
Laws'
"payment has
provided pursuant to Sec¬
tionr 107.00 of the Local Finance
New York
Bond Offering—Maurice A.
The down
been
Law'.
Hamburg,
Aurora,
(TowAs of) Central Sch. Dist.
No. 1 (P. O. Orchard Park),
500
1944.
of
.
27, 1946. These notes
Feb. 27, 1947.
on
Orchard
areas/
authorized; pursuant \o the/
law.
No applicable local
have been adopted pursuant
to the Local Finance Law or pur-(
and
Law.
the
in
for all
same
suanf to; Chapter 780 of the
Dated Feb.
District Clerk, will receive sealed
bids until 2 p.m. (EST) on Feb. 15
Liquidation for the Borough, has
that
be
one-tenth
or
of the bonds.
laws
.
1,600,000
Hartford, Argyle, Granville, Heb«
pursuant
announced
of
1%, and must be the
same
amounting to $17,450,000:
auditorium bonds
to $300,000: will be
city
operates under the Education Law
Lee, N. J.
Wanted
of interest to
Rate
were
Feb.
on
1951.
multiples
(EST) on Feb. 14 for the purchase
same
election to be held
.
:
of the following temporary notes
:r '-'J
j
4.*
-
tenth
(P. O. Chatham), N. J.
An
»
fpr the financing of the
acquisition* of the land and the
Chatham Township School District
0.47%
—
■
construction; of the parking
—•
Bank,
Election
suc¬
v
'
-
1,
1946.
Denomination
$1,000. Due $6,000 March 1, 1947
are
:New York
y
Graesser, District Clerk, will re¬
ceive sealed bids until 3 P.M. on
"Bond
the district and the
coupon .or registered, bonds,
exceeding 4% interest. Dated
to
$1,000.
V;
;
Due March 1, as follows: $3,000
in 1947 and 1948, and $4,000 in
coupon or
NEW JERSEY
$150,000
area
not
Denom.
multiples of
such
be agreed upon
/ Bond Offering—John A. Dwyer/
March
in
at
or
or
on
Village Clerk, will receive sealed
bids until 3 p. m. ori Feb. 14 for
the purchase of $30,000 parking
registered fire apparatus bonds.
Dated Feb. 1, 1946. Interest M-S.
or
15, 1947 to 1951. Rate of interest
to be in multiples of ^ or one-
First National
,
basis of about 0.973%:
'■
Gunther,
purchase of $6,650 bus
registered bonds, at not
exceeding 2Vz% interest.
Dated
Jan. 15,
1946.
; Denom.
$1,330.
These bonds are due $1,330 Jan.
Merchants National Bank,
Boston
—
__0.44%
for the purchase
price offered, of the
Borough's interest funding war¬
Dain & Co., of Minneapolis, joint-' rants.
These holders desiring to
ly, as Is, at a price of 100.1431, a offer
warrants
should
enclose
—were
r ':>'■>"
;
Albuquerque, N* Mex.
Hewitt, Treasurer of the Board of
Sale—The following bonds
amounting to $237,500 and offered
'
Elma, West Seneca and Boston
Tenders
Minneapolis, Minn.
it '"
'
;
r -4'
—
Second National Bank,
Boston —
———__0.434%
Fort
Bond
Co.,
'v/'
Dist; No. 1 (P.
the
future.
W.
1946,
as may
be"
will
Westbury, N. Y,
ler, Chairman, has announced that
NEW MEXICO
Rate
W. E. Hutton & Co—.0.425%
Bidder
Goodhue
f
Franklin Square), N. Y.
"
Offering—Robert
Bonds
bidder.
.
election to be held
Feb. 13.
on
follows:
as
MINNESOTA
County Indepedent School
District No. 11 (P.O. Cannon —
„••••
Falls), Minn.
to
amounting
between
cessful
$950,000 Will be submitted to the
offered for sale on
awarded to the Na¬
Boston
^
bonds
struction
a
bonds offered for sale
as
place
1,
/
.
March
March
sealed bids be received until noon
Detroit, at a price of
Feb. 7 were
net
interestcost
of
tional Shawmut Bank, of Boston,
1.134%, as follows;' For $20,000
at a discount of 0.42%. Dated Feb.
maturing $5,000 Oct. 1, 1946 to
11, 1946. Denominations to suit
1949, as 114s, .and $5,000 maturing
These notes are due
Oct. 1,1950, as Is. Interest A-O. — purchaser.
$200,000 on Dec. 5 and Dec. 11,
Southfield
Township Sch. Dist. 1946.
Issued in anticipation of
No. 10 (P.O. Birmingham),
revenue for the year 1946, these
v—Mich.-^yrA-^fAA notes are payable at the National
Bond Sale—The $41,000 building Shawmut Bank of Boston, Other
Co., of
100.08,
to pay therefor the
Concord, N. H.
bonds offered for sale on Dec. 27,
were
•<
opinion of Reed
Hoyt & Washburn, of New York
highest additional price, which
City, that the bonds are valid and
additional price shall not exceed
binding obligations of the District.
by more than $1,000 the par val¬
The approximate time when the
ue of bonds offered for "sale. Bids
bonds will be delivered to the
to. be on forms furnished by the
purchaser is March 1, • 1946, and
Township.
The legality Of / the
delivery will be made
at
the
bonds will be approved by Cald¬
Franklin Square National Bank,
well/ Marshall/-; Trimble & Mit- in Franklin
Square. Enclose a cer¬
chell, of New; York, whose ap¬ tified check
for; $760.00, > payable
proving opinion will be furnished
to the District.
to the purchaser without charge..
New York City, N. Y.
The bonds- will be delivered on
.
Bond
othep
,;7
bidder.
delivered in Orchard Park
certified check for $133.00,
a
v
Hempstead, Franklin SquareMuhson Fire Dist* (P,
.
to
ders offering
NEBRASKA
v."""*;
-
offering
amount of
1945,' Interest M-S.
Feb. 11 for the
purchase of water district refund¬
ing bonds, Nos. 1 to 6, dated Dec.
1, 1935. These bonds are due on
Dec. 1, 1965. Approximately $38,000, is available for the purchase
bidders
or
not less than the principal
Sykes & Heckler of New
City will be furnished the
about
furnished,
be
years. The pro$47,000 and accrued in¬
terest/ and to accept therefor ther ce^ure/for? tn#validation of the
bonds provided in Title 6 of Art¬
of Hannibal, jointly,—v. 163, p. least amount of bonds, the bonds
icle 2 of the Local Finance Law is
705—mature on Mar. 1, as follows: to be accepted to .be those first
to* be complied with. The District
$1,000 in 1947, $1,500 in 1948 and maturing, and if two or more bid¬
was created on Aug. 10, 1924, pur¬
1949, $4,000 in 1950, $4,500 in 1951 ders offer to take the same least
suant to Section 38 of the County
and 1952, $5,000 in 1953 to 1957, amount of bonds at the same low¬
Law of New York, as amended.
$5,500 in 1958 to 1962, and $6,000 est rate of interest then said bonds
in 1963 to 1965.
Dated Dec. 1, will be sold to the bidder or bid¬ The;successful biddei/will be fur¬
tenders until
sealed
receive
Douglas
bonds.
higher than the lowest
bidder
the
to
pal Bond Corp., of Alton, and the
Bankers Bond & Securities Co.,
Clerk-Treasurer,
City
Waddell,
will
Mich,
—
rate
a
to pay
awarded
jointly —-——-100.249
Whiting, Weeks & Stubbs,; ,1 - '
Estabrook & Co., and
■
R. L. Day & Co., jointly—100.215
Barr Bros. & Co., and v — \v.'
Tyler & Co., jointly —100.025
the
a legally acceptable
proposal is received. As between
proposals at thie same lowest in¬
terest rate, the bonds will be sold
public improvement bonds
recently to the Munici¬
500 2%
■■
of
rate at which
'
tand
1%' and must be
all
water,
En¬
will
payable to the District.
/
to
Rate of
posal will be considered for bonds
.
Kidder, Peabody & Co.,
close
inmultiples of %
of
for
same
1950
limited ad valorem taxes. No pro¬
jointly—100.313
.
Feb.
Principal and interest payable at
the Township Clerk's office.
All
bonds will be general obligations
of the Township payable from un¬
.
First National Bank,
be
one-tenth
or
the
City, Mo.
Kansas
.
jetty
Dated
interest to
MISSOURI
i
19
or
coupon
to
1949, - $3,000 in
1959, and $2,000 in 1960.
bonds
jointly
First Nat'l Bank,
Feb.
on
$47,000 not to
interest
1947
amounting to $760,000 will be sub¬
mitted to the voters at the elec¬
tion to be held on Mar. 12.
_
Falls. V
counsel
De
construction
1, 1946.
De¬
nomination $1,000.
Interest F-A.
Due Feb. 1, as follows: $5,000 in
bonds.
No. 1, Minn.
Election—An
issue,; of
Bond
6%
registered
100.00
—
(EST)
p.m.
exceed
Owatoona Sch. Dist.
■
Hudson
Feb. 15 for the
for the purchase of
Halsey, Stuart & Co——100.0442
First National Bank,
special elec¬
will be
R. White, of
No > opinion ,'of
successful
District
8
the
York
////''v':—I'
William
—
of
minutes
until
.
.
-Offering
the
tion authorizing the bonds
furnished by Edward
Freitas, Jr., Director of the De-^
partment. of ' Revenue
and Fi¬
nance,
will* receive sealed bids
Bid
Bidder
St.
-
Long Beach Township (P. O. Brant
Beach), N. J.
'
Northern Trust Co.,
Weeden
to
at 2 p. m.
1
Price
v
A., A
.
*
follows;
as
marked
Funding
dressed
'
Harris Trust
Monday, February 11, 194$
■
$600,000 municipal airport bonds.
Due
$60,000 Jan. 1, 1947 to
Bidder
CHRONICLE
Carolina
Offering—W.
:
E.: Easter-:
ling, Secretary of the Local Gov-,
Commission, will receive,
Raleigh,,
ment
sealed bids at his office in
until
11
a. .m.
on
Feb.
12 for the/
purchase of $400,000 hospital cou-,
pon bonds, not.exceeding 6% in-,
terest.
Dated Feb. 1, 1946. De- -,
nomination $1,000. : Due Feb. 1,
as follows: $15,000 in 1947 to 1951,
$18,000 in 1952 to 1956, $23,000 in
1957 to 1961, and $24,000 in 1962
to
1966,
General
obligations/
registerable as to principal alone.'Unlimited
tax;
delivery on or/
about March 5, 1946, at place oL
purchaser's choice. Principal and.
interest payable in New York City.;
*
.
Bidders are requested to name the;
interest rate
of
or
one-fourth
mav, name
one
rates in multiples
of
1%.
Each
bid/
.rate for. part of the
Volume 163
another
and
bonds
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4463
rate
rates
or
fpr the balance, but no bid may
name more than three rates and
details
certificates.
$4,000,000
The test action
was
intial
the
of
sale
the
of
of
block
instituted on
specify in his behalf, of various taxpayers and
bid the amount of bonds of each then contention is that the author¬
izing statute is unconstitutional
rate,, Each rate must be bid for
bonds of consecutive maturities. on the following specifications:
confers
legislative powers
The bonds will be awarded to the •V It
bidder offering to purchase the Upon the Highway Commissioner
and the Governor.
Ov
:
bonds at the lowest interest cost
It permits incurring a public
to the County, such cost to be
determined by deducting the total debt
by Land against the State
amount of the premium bid from without a bond issue and that no
must
bidder
each
until
bids
noon
March
on
for
6
will be required to pay the tax on
the
purchase of $10,000 3% im¬
provement bonds.
Dated Dec. 1,
quarterly basis and must make
declarations of estimated tax.
L
City officials estimate that the
$1,000. These bonds
$1,000 Dec. 1, 1947 to
Bidders may bid for a dif¬
due
1956.
ferent rate of interest in
ple of 14 of 1%.
These
authorized
bonds
election held
It
aggregate amount of interest
upon all of the bonds until their
respective maturities.
No bid of
less than par and accrued interest
the
?
The approv¬
will be entertained.
ing opinion of Masslich & Mit¬
chell, of New York City, will be
purchaser. In the
prior to the delivery of
the bonds the income received by
fund
tax
or
retire the
to
principal or in¬
terest.
expenditures of State
I: It permits
legislative
without
funds
appro¬
priation.
the
furnished
is made for a sinking
for a levy of an annual
provision
constitute
private holders from bonds of the
Same type and character shall be
taxable by the terms of any Fed¬
eral income tax law, the success¬
ful bidder may, at his election, be
relieved of his obligations under
the contract to purchase the bonds
and in such case the deposit ac-
would
certificates
of
Issuance
event that
the State in
debt of
| companying his bid Will be .re¬
Bids to be on: forms
furnished by the above Secretary.
turned.
Enclose
check
certified
a
for
Alliance, Ohio
.
Bond Offering—F.
purchase of $40,000 2% East Main
Street improvement bonds. Dated
March 1, 1946. Denomination $1,000. These bonds are due $2,000
bids until
more
that it
■
post¬
rate
,
and
March
to
Feb. 26.
Landis, N. C.
Offering—-W./E.
Bond
¬
is spent for the purpose it is
the
council
passed
earmarking it as fol¬
$1,388,543 for bond retire¬
sold
the
to
ling, Secretary of the Local Gov¬
will receive
sealed bids until 11 am on Feb. 12,
at his office in Raleigh, for the
tax
ernment Commission,
$50,000
of
purchase
water
bids
coupon
£ach bid
ing to
est.
pay par
Enclose
rate
other
>or
but
ance,
bonds,
Stillwater, Okla.
Bond Election—An issue of
OREGON
The tax
will be submitted to the voters at
was
This winter,
city's financial plight be¬
worse, Councilman Thomas
came
Denomination
bonds
Burke
discussed
with
City
Manager George N. Schoonmaker
ideas
for
a
held
election
rates
bid
no
the
for
may name more
specify in his bid the amount
of each rate.
Each rate
■of bonds
must be bid for bonds Of consecu¬
maturities,
tive
i
The
V
bonds
;
the* successful
(PENNSYLVANIA C
amounting (to
favorably voted at
certified check for 2%
a
the bonds bid for.,
Cincinnati,. Ohio
r
bidder
legality also
close
'•
•»
.
1
1:
"
..
r-
'
*.
will
be awarded to the bidder offerings
ClO-United
To
its
extent
-t
,,
*
at
an
\
■
Sunbury, Pa.
'
Offering—Harold Tucker,
of Ac¬
Finance, will receive
counts
<-
,
and
sealed
on
».. •
bids until
8
P.M.
on
Feb.
25 for the
purchase of $82,000 not
to exceed 1^% interest coupon
park,
sewer,
and VI- flood*
control
bonds.
Dated "March" 1,V':
Denomination $1,000. Inter¬
1946.
OKLAHOMA
Lyndhurst and South Euclid School
voters
early in March,
the Borough's share of a pro-
Bond
Pennsylvania
similar tax.
the
to
*
Director of the Department
contended
based
was
to
ject planned by the Federal Government, to cost $2,000,000.
action
Supreme
Court in upholding Philadelphia's
the
of
An
—
prevention bonds
$125,000 will be
election to be held
as
city char¬
not prohibit such a tax.
some
flood
submitted
■•((•iYY
Planned
Election
of
amounting
state law and
did
ter
of
^
.
■*•*' v
the
Burke
up
that the
it
weeks.
department,
the tax measure,
ruled it was legal after getting a
concurring opinion from the Ohio
attorney general and ascertaining
paid by r the successful bidder. En¬
.
election held on (J^.;:22V
'? W V ^
Punxsutawney, Pa.
Bond
issue
law
drew
direction of the City, the cost of
the printing of the same to be
Local
for
in
city
which
the day of sale. $ The legal
opinion of such transcript to be
paid by the succesful bidder. The
bonds will be prepared under the
bonds
was
.
will
upon
Ohio
$50,000
Cleveland,
The
&
be
Sanders
of
furnished
•
[■■'> Bonds Voted— An issue of conistruction
Squire,
by
Dempsey,
leader
a
bal-* ;
than three rates, and each bidder
must
Automobile Workers here.
tive to the above bonds to be ap¬
debated
was
is
19.
Feb.
on
taxation
new
Although Burke opposed it, he
it before the council, where
it
$40,000 will
amounting to
be submitted to the voters at the
system and they drew from a
pigeonhole the income tax plan.
and
of
issue
street drainage and improvement
H.
various
Election—An
Bond
the
as
April 12.
on
Gresham, Ore.
ago but was shelved.
script of the proceedings had rela¬
proved
light
the election to be held
took
School
[.'•? District (P.O. Gallipolis R. 1),
Bid well-Springfield
1%.
another
and
"
Principal
and accrued inter¬
certified check for
a
.
interest pay¬
able at the office of the Sinking
Fund Trustees. A complete tran¬
a
certified
the bonds bid
of
1%
for
check
1%.
the
2% of the amount bid.
.
Enclose
purchaser.
rate for j the
may name one
of the
part
of
one-fourth
of
consid¬
The
for, payable to the City.
•
the interest rate or rates in
be
approving opinion of
Peck,
Shaffer &
Williams, of
Cincinanti, will be furnished the
1945. Denom. $1,000. These
multiples
conditional
will
interest
accrued
ing 6%
name
-
bids for less than par and
or
ered.;"-
and
bonds, not exceed¬
interest.
Dated, Dec. ? 1,
bonds
are due $2,000 on June 1, 1948 to
1972.
General obligations; regis¬
trable as to principal only;(un1 limited tax; delivery at place of
purchaser's choice. Principal and
interest L payable
in ; New York
City.
Bidders are requested to
sewer
No
limitation.
offering
first proposed be¬
fore the council about three years
of in¬
multiples of % of
in
be
bidder
lowest rate of interest and agree¬
oper¬
;
Dated March 1, 1946. Rate
to
due
are
plant bonds amounting to $750,000
ations.
$1,000, one for $600. Due Nov.
;:'P 1, as follows: $2,600 in 1947,
and $2,000 in 1948 to 1956.
terest
These bonds
ty, and $800,000 for general
in
1952 to 1961. (
street
improvement
.pp bonds. Denomination $1,000,
one for $700. Due Nov.
1, as
follows: $1,700 in 1947, and
$2,000 in 1948 to 1956.
20,600 street and sewer improve¬
tiple of % of 1%. Said bonds are
payable from taxes to be levied
within the ten mill constitutional
Easter-
the
held
Stigler, Okla.
Offering — Will Hull,
Clerk, will receive sealed
bids until 2 p.m. on Feb. 21 for
the
purchase of $35,000 sewer
system and disposal plant bonds.
Due $2,000 in 1949 to 1964, and
$3,000 in 1965. The bonds will be
.
•
to
be
submitted
election to
Town
1%.
reve
be
at the
Bond
than was expected
possible to reduce the
was
of
;
tax
milch
so
O.
fund eventually to be turned over
to the school board and the coun¬
19,700
bonds!
similar
in
(P.
issue
in 25 years.
ment;
$250,000
for
new
city
equipment and repair mainten¬
ance;
$550,000
for
capital im¬
provements,
such as
buildings;
$480,000 for a stabilization reserve
,p:
sewer
ment
1V2%
revenue
lows:
improvement
Denomination? $1,000.
Due Nov. 1, as follows: $40,000 in 1947 to 1951, and $41,-
1947 to
1,
Sept.
Toledo's
brought
will
voters
on
amendments
amounting to $650,300, not
$610,000
the
intended,
noon
exceeding lVz% interest:
est
,7
that
To be certain that the tax
nue
(EST) on Feb. 15
for the purchase of the following
bonds
for
scheduled
'/:y
million
year, and
,
noted
structure,
Lorain, Ohio
Bond Offering—Earl R. Frank,
City Auditor, will receive sealed
1956. ( Bidders may bid for a dif¬
ferent rate of interest in a mul¬
Treasurer.
basis
$200,
Educa¬
but
was
Jan.; 2,
on
poned.
000
H. Greneisen,
City Auditor, will receive sealed
bids until noon on Feb. 21 for the
on
for
of
more.
was
3
a
Election—An
highway
bonds
amounting
to
$800,000, not exceeding 3% inter¬
adopted in 1940 by Philadel¬
phia, Pa., whose lead provided the
bonds.
'
!
held
be
to
llgil!!! OHIO 1((VV VL
State
the
to
payable
$8,000,
constitutional debt
the
of
excess
check
to the Board
tion. The above sale
limit.
a
certified
a
payable
between
dollars
County
Shawnee), Okla.
Bond
tax
general
.
close
raise
4 million
possibly
Nov. 6, 1945. En¬
on
will
and
the
are
the
at
tax
multi¬
a
Pottowatomie
a
1945. Denom.
are
827
est M-S.
District (P.O. Lyndhurst), Ohio
Bond Ordinance Passed — On
Dated March 1, 1946. Denomina¬
Alva, Okla.
Jan. 9 the City Council passed an
Bond; Election—An i issue
of
vL Bond Offering — Thomas W. tion $1,000. Due March 1, as fol¬
;ordinance calling for an issue of construction bonds amounting to
City
Clerk,
received lows: $4,000 in 1947 to 1964, and
!?&%."> airport
purchase v bonds $916,000 will be re-submitted to Keltch,
1966. Bonds
sealed bids until 7.30 p.m. on Feb. $5,000 in 1965 and
I amounting to $100,000. Dated Feb. the voters at the election to be
maturing in 1952 to 1966 are call¬
5 for the purchase of convention
! 1, 1946. These bonds are due $4,held
on
March
5.
The
above
able in whole or in part at the
hall bonds amounting to $100,000.
000 on Sept. 1, 1947 to
1971.;,,^ bonds : failed to carry at ( the These bonds are due $10,000 in pption of the City at par and ac¬
November election in 1945.
Claridon,Local School District
1949 to 1958.. The bonds will be crued interest on March 1, 1951,
;/.• •;». v.-.3 < '*#*>;* -\v
Pr QJfhardon), Ohio,(;.(('(
Ohio (State of)
awarded to the .bidder offering or on any interest paying date
- 1
:
<
.
.
to purchase the bonds at
the low¬
est interest cost to the Town", such
'
•*
cost to be determined by deduct¬ p Bond Sale Details—The $9,000
school bonds awarded on Jan. 18
ing the total amount of the pre¬
mium
from
bid
the 'aggregate
the
to
of
Bank,
National
First
all of the Burton, as IY4S, at a price of 100.61
bonds until their respectfve matu¬ !—v. 163, p.* 515—are in the de¬
rities:
No*' bid of les$" thai*, par nomination of $1,000, and mature
amount of interest upon
■*
and
;
interest will be
accrued
en¬
tertained. In the event that prior
to the delivery of the bonds the
income received by private hold¬
ers from bonds of the same type
Sept. 1,
follows: $500 in 1947,
1948 to 1955, and, $500
as
$1,000 in
bonds were au¬
the election held on
1.152%.
These
thorized
at
and character shall be taxable by
Nov. 6.
Eaten Township (PO. Route
ing his bid will be returned.; The
Approving opinion of Reed, Hoyt
of
Washburn
&
be
furnished.
check
New
Enclose
York,
will
certified
for $1,000, payable to the
State Treasurer.
NORTH
a,
J
Elyria), Ohio
P-nd
Highway
mine
first
V(ig#(
Certificates Attacked
legal steps to deter¬
of
an
in¬
360,000 highway revenue anticipa¬
injunction proceedings
filed
against three State
when
were
The
be issued to
certificates
would
match Federal allot¬
highway
program and are to
be retired from the proceeds of p
ments
for
a
fire
post-war
construction
gasoline tax.
Previous to
the filing of the court proceedings,
1-cent
Highway Commissioner N. Owen
Jones had announced the reten¬
tion of T. G. Evensen and Associ¬
1,04%
this
1946.
today,
These
bonds
1947 to
$1,000
due
are
1963.
Oct.
for
and
June
stood
at
a
water
bonds
revenue
•
Township Local School
(P.O. Route 3,
.v'Vr.-:"!
A-;*#
Approves 1% Income Tax
};
city income tax
Zanesville), Ohio }
Bond Offering-— Fred P. Spen¬
v'~";''-(■ .v •
District
cer,
Clerk,
will
sealed bids until 8 p. m. on
for
receive
Feb. 25
the
1
the
purchase of $125,000(3%
bonds.; Dated Mayul,
These bonds are due $2,700
1946.
Bidders
bid for a different
rate of interest in a multiple of
y4 of 1%.
These are the bonds
may
authorized
the
at
election in
1945.
fied
for
the
check
November
Enclose
a
certi¬
$1,250, payable to
Board of Education.
-
be
a
assessed
aries and the
Subject
on
.community
levy.
to
wages,
a tax of 1%
against all sal¬
the
tax
are
the
salaries, and commissions
of all residents of Toledo and the
income earned in the
residents. It will be
all
city by non¬
levied against
Toledo businesses
sions
and
those
and
conducted
profes¬
in
the
city by non-residents. Also to be
taxed
are
net
tions which
profits of
are
corpora¬
earned in Toledo.
(The tax.on wages and salaries
will. be
deducted
employers
of employes.
by
from the pay checks
Those not. clasified
No.
School.' District
17
tered
as
employes
will
Bristow), Okla.
Sold—-The
Bonds
ered
for
awarded
to
J.
R.
Edwards,
p.
515-rrwere
sold at
a
and
price of
Offering
—
of
law
or
assessed
fu¬
Commonwealth,
the
to pay, A certified
2% of the bonds bid
agrees
check
par.
for
for, payable to order of the City.
Treasurer,
is
required.
Legal
opinion of Townsend, Elliott &
Frank Vise,
Munson
will .receive sealed
bids until 7.30 p.m. on Feb. 11 for
the
purchase
of the following
bonds amounting to $50,000:
Clerk,
City
levied
thereon under any present or
ture
'
inheritance taxes, now
or
hereafter
all of which taxes the City assumes
l^s—v. 163,
of Oklahoma City, &s
thereon
interest
the
and
payable without deduction
for any tax or taxes, except suc¬
or
Inc.,
•
accepted. Regis¬
only.
The
principal
will be
cession
$6,500 trans¬
equipment bonds off¬
sale .last October and
portation
be
to
as
bonds
,
(ggg (P. O. R. F. D. No. 2, ((?(•;■
of
Philadelphia
will
be
furnished the successful bidder.
SOUTH
OAKOTA
I
,
K
(
$37,000
water s works
improve- Lake City Indep. Sch. Dist., S. Dak.
i? bonds. Due $2,000 in 1949 to
Bond Offering—John D. Hollis((. 1965, and $3,000 in 1966.
ter, District Clerk, will receive
6,000 sanitary sewer bonds. Due
sealed bids until 8 P.M. on Feb.
$1,000 in 1949 to 1954. .?>■ L '
11 for the purchase of $11,000 3%
7,000
street - maintenance
and
refunding bonds. Due as follows:
equipment bonds. Due $1,000
$500 from 1947 to 1954 inclusive,
in
profits, pf industries.
to
-
Goodhope Local School District
(P.O. Rqckbridge), Ohio
r Bond Offering—J. F. McGrady,
was
council
?7((( bining two different rates of interest
jBegining March. 1-
will
.
A
approved by
Jan. 28, the
—
midwestern
establish such
building
April and Oct. 1, 1947, and $2,600
April and Oct. 1, 1948 to 1970.
city
first
certified check
of the amount bid.
Bond
amounting to $70,000. 7-L?:(pL?;/
*5*
a
.
will be received
for the entire issue at any one
rate of interest but no bid com¬
thereafter. Bids
and
Creek County, Olive Consolidated
Ohio
Ordinance : Passed—The
of
sue
1,
interest
Erich, Okla.
Toledo, Ohio
Falls
interest. Enclose
\
,
Village Council passed an ordi¬
nance recently calling for an is¬
and $500.
on
Interest A-O.
\
to
ago
high
<
in
it
Roseville,
Bond
the
set
when
1945,
week
a
but
was
yield of 1.01%.
Co.,
Denoms.
1.05%
index
July,
awarded to J. A.
of Cincinnati, as
1Y4S, at a price of 100.086, a basis
of about 1.24%.
Dated Jan. 1,
&
ates, of Minneapolis, to handle the District Clerk, will receive seaieu
from
of
rate
agreeing to pay par and accrued
for 2%
1.18% set in
This index
stood at 1.19% a week ago.
The
index for 10 higher grade Ohios
118—were
p.
District
tion certificates developed on Jan.
officials.
■
$15,000
Sale—The
White
from
itiated. Act
of
the
legislature
authorizing the issuance of $12,-
29
the all time high of
lowest
the
April and May, 1945.
.
DArOTA
constitutionality
.
No.l,
engine and equipment bonds of¬
fered for. sale on Jan. 11—v. 163,
North Dakota (State of)
—The
Co., Cin¬
reported under * date of
Feb. 6, as follows:
V
( The (Ohio municipal market
continued to rise during the past
week and our index of the yield
on
20 Ohio. bonds today equals
cinnati,
rose
may,
Continues
Market
To Rise—J. A. White &
in 1956. Net income basis of about
the terms of any Federal income
tax
law, the successful bidder
at his election, be relieved
of his obligations under the con¬
tract to purchase the bonds and in
such case the deposit accompany¬
Municipal
The
1949 to 1955.
bonds
the bidder
par
awarded
to
offering the lowest rate
and agreeing„;to pay
Enclose
and accrued interest.
certified
amount
check
$1,000 from 1955 to 1961 in¬
Callable at par and accrued interest on any interest payment date. The issue was author-.
V
and*
be
interest
of
a
will
|
for
2%: of the
clusive.
ized
on
VH
by the voters at an election
Jan. 8.
^
?"
-
•
*
^
bid.
TENNESSEE
Hooker, Okla.
Bond
Sale —The
City, as 2ViS.
were
-authorized
Oklahoma
bonds
election
held
on
other bids were
issue.
-
'■
■
Dyer, Tenn.
$18,000 water
Bond
bonds offered for sale on
Jan. 29 — v. 163, p. 515 — were
awarded to C. Edgar Honnold, of
system
Jan. 8.
Town
sealed
the
Several
submitted for the
.•
Recorder,
bids
until
will
2
■
receive
on Feb.
$15,000 3%
'
p.m.
14 for the purchase of
These
at
Offering—JamesV^ogers,
funding bonds. I^ited Feb. 1,1945.
These bonds are due $1,000 on
Feb. 1, 1951 to 1965,
All matured
coupons to be clipped before sale.
-
•
.
THE COMMERCIAL & FINANCIAL CHRONICLE
1952 to 1957,
TEXAS
$10,000 in 1958
36,000
,
County (P.O. San
Antonio), Tex. " \
Warrant
On
Jan.
Issuance
1962, $11,000 in 1963, as
iy4s, and $93,000 maturing
Feb.- 1,
$11,000 in 1964 to
' u
Approved—
County Commis¬
approved the is¬
suance of the following warrants
amounting to $1,925,000:
1971
Court
and
300,000
Voted—An
issue
spf
'
Jan. 8.
School District,
issue
Tex.'
-r
Offered — An
Publicly
construction
of
and
*
site
.
bonds
amounting to $2,500,000 is
being offered for sale by Paine,
Webber, Jackson
&
Curtis, of
Chicago, and Associates, as fol¬
lows: bonds maturing in 1948 to
$zui,000 maturing Feb. 1,
1964, $24,000 in
1965, $25,000 in 1966 to 1968,
<
$26,000 in 1969 and 1970, and
$27,000 in 1971, as Is.
750,000 series 73,. airport bonds.
For $124,000 maturing Feb. 1,
$24,000 in 1947, $25,000 in
1948 to 1951, as 4s, $349,000
v
"V
0
,
to be voted.
Dallas County (P. O.
Defeated
Bonds
jail
amounting to $3,000,000
bonds
de¬
was
feated at the election held on Jan.
29.
Fort
Bond
Worth,
Sale—The
ammounting
bonds
Tex.
i;/ •?.
improvement
to
$2,000,000
and offered for sale on Feb. 5—v.
163, p. 516—were awarded to a
syndicate composed of the Union
Securities Corp., Glore, Forgan &
Co., Laidlaw & Co., all of New
York) W. H. Newbold's Son & Co.,
of Philadelphia, Qharles Clark &
Co., of New York, and Barret,
Fitch & Co., of Kansas City, at a
of
price
cost
of
100.069,
net
Dated
as
4s,
1V4S, and $737,000
as
Feb.
1,
1946.,
Denom.
These bonds are due from
$1,000.
1947 to
1971.
Fort
Worth, Tex.
—
the
Union
Securities
Corp.,
Glore, Forgan & Co., Laidlaw &
Co., all of New York, W. H. New¬
bold's Son & Co., of Philadelphia,
Charles
Clark
&
Co., of New
York ,and Barrett, Fitch & Co., of
Kansas City, at a price of 100.069,
a
1958
:
y
;
Wil¬
purchase of the follow¬
ing bonds amounting to $1,500,000,
not exceeding 3%% interest:
v.
Due March
1,
as
1,
1947
to
the
The bids must be for all
:
none
of the bonds in the
station
This advertisement
•/,
•
■
furnish
the
The
successful
complete certified
tire
proceedings
tion
with
the
City
-
r*
of
The
any
Dumas, of Dallas.
desired by the
kids
for by him.
a
•
"•>"&
a
r.
f
r
an
offer
BRUNSWICK
New Brunswick (Province,
Debentures Offered
An
of)
y
issue^
—
of
3%
sinking fund debentures
amounting to $4,000,000 is being
offered for sale by .a syndicate
Said
become
due
in
accordance
of
the
and
Co., A. E. Ames & Co.,
Spence & Co.,f all of , To¬
Mills,
of
Eastern Securities Co., oL;
John, Cochran Murray & Co.,
Toronto, T. M. Bell & Co., and
F. JrBrennan & Co., both of St., ^
John;''
; •
"■. .r
■■
Dated March 1, 1946. Denomina¬
tions $1,000 and $500. Due March
1,
1964.
Principal and interest
payable in lawful money of Can¬
ada, in Halifax, Charlottetdwn. St.'
John, Fredericton, Montreal, To- >
ronto, Winnipeg, Regina, Calgary
or
Vancouver.
Legal, valid and
binding direct and general obli¬
with
Province, charge¬
principal and in¬
Consolidated
and
payable as« specified in Plan No.
1, provided, however, that the
City may at its option call all or
any of said outstanding bonds for
redemption on Jan. 1, 1956, or on
interest payment date there¬
after, upon 60 days' notice.
Bids
any
will be received for said bonds to
QUEBEC
?;(^ J Montreal, Que.
Large Bond Issue—The
City has filed with the Securities
Exchange Commission a reg¬
and
istration
statement
proposed
covering
amounting to $85,980,000.
Dated
Feb. 1, 1946.
These debentures
will
mature
serially in various
1, 1947 to 1975.
Harriman, Ripley & Co.; ° Inc.,
First Boston Corp., Smith, Barney
& Co., Dominion Securities Corp.,
WOod, Gundy & Co., A. E. Ames
& Co., and McLeod, Young, Weir
& Co., will be the principal un¬
derwriters.
The offering will be |
supervised by Harriman Ripley &
Co., Inc., and the Dominion Securities Corp.
f
\ The
new
issue will represent
the largest offering of Canadian
amounts
Nov.
on
.
securities
since
the-^Dominion
sold
$90,000,000
bonds
in this market
plans:
bid¬
submit bids under either
ders may
both of said
plans; bids under
plan must be separate.
of
Rate
interest
or
to
be
in
mul¬
l/10th of 1%. Bids
a
issue of debentures
new
be issued under each of the above
*
in
T.
1943.:;.
,
The
ceeds
the
City
from
States
Canada
of
refunding
of
Jan.
on
;
apply the
,■
14,
,
vVill
the
United
sale
the
of
pro¬
the
redemption
de¬
bentures
rate of interest may be
submitted;
bids for" the bonds
bearing different rates of interest
May 1, 1946, of $80,758,213, prin¬
cipal amount, of its Series A and
Series B debentures dated May 1,
ing
one
also
be
120,000 Shares Common Stock
i-'f-vi"
terest.
*
yryty,..'.-'
■'
be
submitted.
No
bid
considered for the bonds
for less than
(Par Value $5 Per Share)
.{I v.)
must
Copies of the Prospectus are obtainable only from such of the undersigned
as
may legally offer these securities in compliance with the
securities laws of the respective States.
V
par and accrued in-|
Bids must be for the en¬
issue
of
-•
bonds;
purchaser
acrued interest to date
of delivery of bonds-;
The bonds
will be delivered to the purchas¬
er on
or before March 21,
1946.
Delivery thereof will be made in
the City of Tacoma unless the
purchaser shall at the time of the.
pay
award
i!.s;
or
within
a
reasonable time
thereafter elect to accept delivery
at some other
place in the United
to
on
maturing at various
all of which are
payable, or may be paid at the
the option of the holder, in United
1944,
and
dates up to 1972,
States
dollars.
-
;
The total redemp¬
tion
price including accrued in¬
terest, of the old debentures will
amount to*$87,781,650 in United
States dollars, and to-the extent
that
proceeds from the sale of the
new
debentures are not sufficient
to
provide the full redemption
price, additional, funds are to be
supplied by the City from its
other resources.
The
States, in which event the execu¬
tion of said bonds will be com¬
pleted by the City's signatory
agent at the place of delivery and
the reasonable expense incident
tions
'
5
debentures
,v;
1
described
in
the
delivery in this manner shall be
by the purchaser.
The ap¬
proving opinion of Wood, Hoff¬
man,
King & Dawson, Of New
York City, will „be furnished to
the purchaser without cost.
En-^
close a certified check for $20,009,
to
borne
Newburger & Hano
'
Plans
designated
payment
Reve¬
by Daly, Thistle,
McTaggart, of Toronto.
following two plans
1, 1961. Payment Plan No.
2: Said bonds to become due and
pur¬
the
the
on
which¬
Jan.
Any
as
terest
Judson &
July 1, 1959, $84,000 Jan. and
$86,000 July 1, 1960, and $58,000
the
*
&
for the entire issue of bonds bear-'
120,000 Shares 6% Cumulative Convertible Preferred Stock
of
York, State of New York,
tiples of V\
Industries, Inc
(Unit—1 Share Preferred—I Share Common)
office
pay¬
will
Price $5 Per Unit
.
approved
the
at
option of the holder.
<
of these securities*
CANADA
NEW
ity
payable
will
tire
\
vo¬
Fund of the Province. Legal¬
5 ry l,. V
ri'ir:
-
of
.bonds
nue
each
1
principal
The bonds
000
certified check for $30,-
i'vvyAy
the
$54,000 July 1, 1956,
$65,000 Jan. and $66,000 July 1,
1957,
$67,000 Jan.
and
$72,000
July 1, 1958, $75,000 Jan. and $78,-
^to be on forms
offering is made only by the Prospectus.
Consolidated
■
issue
an
addition
of
may
t|r/; V <?•*.
the voters
to both
Jan.
furnished byv the City, Secretary.
Enclose
and
on
time of considering the bids, and
approved by the City Council by
resolution. Payment Plan No. i:
Due $35,000 July 1,
1955, $45,000
chaser will be obtained and paid
NEW ISSUES >
rv.
>
amounting to $1,000,000.
by the Sinking Fund Board at the
qualified approving legal opinion
of W. P.
be
No.
of paying
purpose
ever
bonds, together With the final, un¬
of record only and is neither
buy
mit to
cational-school
gations
■
appears as a matter
to sell nor a solicitation of offers to
r
e
Adult
Education has requested the City
Council to call an election to sub¬
of payment shall be decided
upon
or
of the en¬
in connec¬
issuance
the
of
Ordinance
able
copy
had
Fund
said
City
1945,
bonds
will
bidder
for
as
at the
principal
American
000, payable to the City.
V»-.
and
able
or
'<<
Vocational
of New
National
the
Austin.
other opinion
:i971.;yy^yyfe^
[.
of
City Treasurer, or at the fis¬
cal agency of the State in the
City
$1,500,000.
All bids
specify the gross and net
at
regis¬
the
of
of
$785,000
or
known
Water
by
interest
wil
delivery
for the
Bank
Feb.
hot
of this issue of bonds.
scribed bonds will not be consid¬
bonds
follows: $2,-
1961, and $3,000
1962 to 1971.
■
Board
composed of the Dominion Secur¬
on
of
coupon
fund
Tacoma
the
interest cost to the City. The bid¬
22,000 fire equipment bonds. Due
V $1,000 March 1, 1947 to 1968.
64,000 park bonds. Due March
1, as follows: $2,000 in 1947
to 1957, and $3,000 in 1958 to
-kVoI v, *
Wis.:
Bond Election Requested—T h
Wei*
p.m.
purchase
bonds,
12751
bear, but split rate bids involving
more
than two coupon rates on
any one issue of the above de¬
ered.
the
revenue
created
11, 1945.
requested to specify
are
suc¬
J
a*
until' 2
special
of
Dec.
on
at
exceeding 4 %
interest.
Dated Jan. i, 1946. De¬
nomination
$1,000. These bonds
will be an obligation
only against
part of the $5,authorized at the
held
for
water
1971.
der must agree to accept
of and make
payment
-
.
i
St.
bids
tered
are
issue
Bidders
must
1971.„
police
bonds
amount
building
bonds. Due March 1, as follows: $3,000 in 1947 to 1958,
J.
and $4,000 in 1959 to 1971-.
60,000
equipment
storage
and
•garage building bonds.
Due
March 1, as follows: $2,000 in
Z
1947 to 1961, and $3,000 in
88,000
WISCONSIN
Madison,
ronto,
19
the rate of interest the. bonds will
28 for the
000 in 1947 to
March
894,000
Lubbock, Tex.
J in 1962 to
issue
'
sealed
to
election
liams, City Secretary, will receive
sealed bids until 2 p.m. on Feb.
-
as
an
IS-K;
Bond Offering -y- L. W.
Craig,
City % Controller,
will
receive
to' 1959,
These
1971, as
Lavenia
system extension
Due March 1 as foL
lows: $11,000 in 1947, $12,000
in 1948 to 1951, $13,000 in
000
and
none
Tacoma, Wash.
water
Dated March 1, 1946. Principal
and interest payable at the Guar¬
anty Trust Co., of New York.
•
—
for
ities Corp., Bell, Gouinlock & Co.,*
Wood, Gundy & -Co., McLeod, *
'
.
or
in
t
.
Offering
" y;
$5,000
•
Feb.. 1, 1946. Denomina¬
tion $1,000. Interest F-A.
."fy :
has
formally ex-approving a pro-!
of municipal
garbage disposal plant revenue
bonds amounting to $63,000.;
par
cessful bidder.
•
Dated
$250,000 series 68, airport bonds.
:
For $42,000 maturing Feb. 1,
$8,000 in 1947 to 1949, $9,000
in 1950 and 1951, as 4s, $115,000 maturing Feb. 1, $9,000 in
,
as
Council
posal
Bank of Boston.
Boston will be furnished the
1955, $14,000 in 1956
$15,000 in 1960 to
1962, $16,000 in 1963 to 1965,
r $17,000
in 1966 to 1968, and
$18,000 in 1969 to 1971.
25,000 water treating and softening system bonds. Due $1,y'
'
net interest cost of 1.24%:
S"■
described
and accrued in¬
terest.
Legal opinion of Storey,
Thorndike, Palmer & Dodge of
y-
and
;"
1952
"
1970,
bonds.
yr
'
Bond
to
365,000
74, street bonds.
For $75,000 maturing Feb. 1,
$14,000 in 1947, $15,000 in
1948 to 1950, $16,000 in 1951 as
4s, $212,000 maturing Feb. 1,
$16,000 in 1952 to 1954, $17,000 in 1955 and 1956, $18,000
r ■& in
1957 to
1959, $19,000 in
y
1960
to
1963, as l*/4s, and
$166,000: maturing ' Feb.
1,
$20,000 in 1964 to 1967, $21,000
in 1968
and
1969, and
IS.
•
not less than
extension. bonds.
1971.
series
1970 and
1971.
sewer
Shawmut
Bids to be for all
follows:
as
Due March
1, as follows: $3,000 in 1947 to
1957, $4,000 in
'
$60,000 fire station building bonds.
; Bond Sale —- The following im¬
provement bonds amounting to
$2,000,000 and offered for sale on
Feb. 5
v.
163, p. 516 — were
awarded to a syndicate composed
of
90,000
;
in
$22,000 in
1,
1957 to
-
Is.
interest
1.24%, for $334,000
$929,000 as
Ts.
a
»
1970, and $37,000 in 1971, as
453,000
tional
$2,000
in 1947 to
1956, and $3,000 in
and
1962
v
issue of
An
March
$30,000 in 1960,
1961, $32,000 in
1963, as 1*4s, and
$277,000
maturing
Feb. *1,
$33,000 iri 1964 and 1965, $34,000 in 1966 and 1967, $35,000
: in
1968 and >1969, $36,000 in
$31,C00
Dallas), Tex.
—
and
house
court
<
1971..
65,000 street lighting bonds. Due
'•:< " 1957 to 1959,
u
are
bonds,
coupon
follows:
pity
pressed itself
.
maturing / Feb. 1, $26,000 in
1952, $27,000 in 1953, $28,000
in
1954 to
1956, $29,000 in
as
$3,000,000
000
Va.
' I
Proposal Approved—The
Bond
I
•
*
iy4s, and bonds maturing
in
1961
to
1968, as 2s. Dated
March 1, 1946. These bonds are
ofered subject to the election to
foe held on Feb. 23, at which time
1960,
follows: $9,000 in
as
1947, $i0,000 in 1948 to 1952,
$11,000 in 1953 to 1957, $12,-
.
.
,
$23,000s in
'
Corpus Christi Independent
Bonds
Treasurer,
will
receive
scaled bids until 2 P.M. (EST) on
Feb. 15 for the purchase of
$85,-
t.
system improvement bonds
favorably voted at the elec¬
on
City'
Due
$25,000 airport bonds. Denomina1965, $14,000 in 1966 fy : tion $1,000. Due $5,000 on Feb.
1 from 1951 to 1955 inclusive.
1969, and $15,000 in 1970
and 1971.,
; 60,000 airport construction bonds,
jr.„
325,000
street
y
Denomination $1,000. Due $6,improvement
y
bonds. Due March .1, as fol¬
000 on Feb. 1 from 1951 to
lows:
1960 inclusive.
$10,000
in
1947
and
f:
1948, $11,000 in 1949 to 1953,
v
All of the bonds will be dated
$12,000 in 1954 to 1957, $13,Feb. 1, 1946, and bidder is
required
000 in 1958 to
1961, $14,000 in to name rate of
interest in mul¬
•y
1962 to 1964, $15,000 in 1965
tiples of y4- of 1%. Principal and
to 1968, and
$16,000 in 1969 interest
(F-A) payable at the Na¬
v
to
warrants.
sewer
tion held
1,
I ; Bond Offering—T, : P. Roberts,
audito-
bonds.
VIRGINIA
Wheeling, W.
to
Decatur, Tex.
was
WEST
Rutland, Vt. v'vVf;}'
000 in 1958 to
1961, $13,000 in
962 to
training school warrants.
75,000 county
hospital
Bonds
building
Coliseum
-
March
y
and
provements
public
rium
U
,as
$1,750,000 coliseum warrants, y
100,000 county jail, court house,
}
VERMONT'
improvement
Due March 1, as fol$1,000 in 1947 to 1960,
$2,000 in 1961 to 1971.
lows:
•
and $12,000 in 1967 to
Is. •
v'Vy;:-V.'
09j; street bonds,
maturing Feb. 1,
1966,
the
15
sioners
airport
bonds.
to
Bexar
payable to the City; >w
~~~ • - -
/
registration statement will be
direct and unconditional obliga¬
of
the
City.
They will be
subject to redemption as a whole:
'in part at the option of'the
City on any interest payment date
prior to .maturity on not less than
30 days published ~ notice, at par
and accrued interest.
The deben¬
or
tures will be
payable as to prin¬
cipal and interest in United ^States
dollars in New York.
•;
.
,
@FedFRASER