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«*MIM WW-,"*****- lumraww, MONDAY BUS. ABM. 1S43 F£B I 6 LIBRARY Reg. TJ. S. Pat. Office Volume 169 Number 4777 New York, N. Y., Monday, February 14, 1949 Price Cents 75 Copy a General Corporation and Investment News RAILROAD Acme ..*■ Steel Company—Plans 100% The directors for action at ber of shares of the without shares the the to present from 1.500,000 value par of of $10 The 15, additional share held each for about May 21, shares the on the to 3,000,000 share. If stockholders date record ; /n This Issue ■ - . * ' i ' * - value Traer, of-$10 valuation share, per nearly in The will directors-also the on of line V ■ _ holders this that/ "by result retaining in / Stock and Bond bringing 21, FOR present the usual stock Earnings after ' if of the however, / of $1 per Chicago War 1948 considered Assets the .approved only prices raw Allied but, Kid before -Provision the costs. Pinto on announced 3 and to Earnings < Island, in the yard it 1948 36 "reserves for for $750,000), Other taxes/*:....;./../ 270.000 (less $481,891; U. $658,223; trade discounts .and and tion Section bad will, , and municipal \ 24 accounts debts), price declines surrender receivable $1,712,908; on value raw of (less and surplus, stock Condition ' corporation, a good its postwar showing chance of Assistant ■ . Net Secretary Analysts Society at the introduction of even and the company during fleets. Besides our the Net —- nearly introduced position due equipment, -many special and nonrecurring expenses Opportunity for profit for 1949 seems good."—V. 169, : . of common Cities class March 7.: stock B No Feb. of The share same The 7 Leyshon .W. March President, Steel W, 46 _T as paid on Aug. 5, that announces Co. it in qualifications for company 2426. Federal 15 p. the for Co. 25 cents per the '- new us. "The has: been & accepted Feb. 7 connected the by of the sation son of share one each the American of record share on Dec. American taxes stock Cities as ; - Kinney, Lukens Steel capacities.—V. Power Co., to President. Jr., and Co. 169, p. Jessop 485. Inc.—Second and''Exchange Johpson group, in' the second to Bell OLDEST System other on Feb. Committee to solic't distri¬ purposes.—V. Request "holders of the is to have since applied 1945. to the SEC for authori¬ preferred only group date. stockholders, but the Norman John¬ that has received authorization from 7" Vy" /■/'' ■ . 1,293,353 1,274,688 5,174,116 5,004,241 5,787,556 25,218,682 22,453,343 '.y. . mi- to / '"A '- - - 216,589 35,071 - 580,922 "137,201 -~i-— ■ of subs. POWER 5,750,930 5,752,485 24,637,760 22,316,142 5,750.930 5,752,485 24,637.760 22,216,142 & CO.— above). (as 10,665 ______ 5,752,485 10,665 118,806 24,648,425 22,434,948 78,781 466,869 434,742 788,619 669,890 5,455,770 5,506,240 23,392.937 21.330,316 carried to earned con- surplus dividend or requirements unearned.—V. 169, apnlicable to respective periods whether 598. p. 168, 1899 Foundation, Inc., Buffalo, N. Y. Teletype SU 464 IN "hand.—V.„t169, 598. p, 7'.yyy American Investment • mon directors stock<of Feb. on 37V2 vvof record Feb. 19, cents ""y ; y.:'7'*7 r , . ' : ;- 1949. Co. declared 2 per a quarterly dividend on the . . -- 1, 1949, to holders This rate remains unchanged over the previous - Available qAllen & is of to be 'Hunt Telephone: STREET HAnover 2-2600 with a units 1,000 of •Armstrong, mew shares of shares of five subscription price 1949, and plant a for the selling located promoter and of (2) a the machinery with 4he of purpose dry at dog of preferred $100 and unit. No per conducting meal $'225,000 the use Dog under net Food under at -company, a "Dog Food the balance Division option to to purchase of of Mari^- NY of additional additional An . under option to 1,500 Ann Arbor shares Messrs. purchasable at $100 of for a income... oper. Net Net . ry. company shares are being 1947 1946 1945 $688,465 $464,165 $506,303 168,000 "45,417 "126,973 59,074 "22,518 49,043 - ' "61,728 - *' , from from the RR.—Earnings— December—. 1948 ;Gross: from railway__„'.', $676,922 Net from railway...... / 171.113 ry. of and Duffes, such five-year period. / Gross stock common Armstrong share per railway.... railway.. 8,914,588 7,692,424 5,962,140 6,123,270 2,036,762. 1,561,929 544,166 1,154,516 income... 906,953 617,177 99,334 564,37a oper. "Deficit.—V. 169, p. 2. St. Lonis Listed and Unlisted Securities North 4th 1871 St., St. Louis 2, Missouri Members York Louis Stock Stock Chicago Stock Exch. 1-573 E. cost equipment, to purchase a plant at Sherburne .from Walter E. Armstrong and Kenneth S. Duffes, promoters, at $8,459, and to provide working capital estimated at $156,146. St. Teletype: the Walter estimated an of name company proceeds and Established 4, N. Y. stock common Sherburne, N. Y„" the property. It proposes to •stock sale (1) to acquire the Hunt Club •time Milling Co., Inc., of Buffalo, now DEPARTMENT Bell in no 300 Company YORK and par) the noncon- Edward D.Jones & Co. Upon Request NEW at manufacturing Club,' owns $260,000; with involved. New MUNICIPAL offered common is Organized Jan. 14, now statement cumulative,participating, ^ stock share one registration a 6% - Price 97 , filed 3 From January 1— com- share, payable March CITY OF WEST PALM BEACH, FLA. Feb. on par). Net Of IHinois-r-Dividends— quarter, and compares with 30 cents per share paid in the first 'quarter of 1948. "/''■ '' 30 BROAD UTAH Registers — W- corporation covering 5,000 shares of preferred stock ($100 underwriting 7-- ■>"'7 The Norman Johnson Committee expects to have an initial, represen¬ of about '<-£5*000 shares, of which 7,000 shares are already In . & COMPANY HOUSE 27,457,584 11,387,196 '• ■ 167,464 The formally 10 will be recalled, have actively par¬ reorganization proceedings in behalf stockholders groups second Salt Lake City 1 INVESTMENT 30,392,798 5,967,519 Established 1922 160 S. Main Street 786,452 7,052,244 ■ 116,532 ,<no - it Power preferred two solicit group SEC Foreign Circulars Established 28,244,036 674,325 "• 5,761,595 business, Commission Johnson 3%% Decking Facilities Rev. Bonds EDWARD L. BURTON 31,067,123 284,240 vertible Pre¬ $100,000 on 7,346,484 189,657 taxes The the tation 23, regulated ■ Analysis 7,450.529 ... res._ interests " sol. Assistant of post Joseph with executive Foreign Norman Norman ticipated Amalgamated Sugar Co. New 1,887,474 public__ applic. '5Full preferred stock-. The Committee consists of Norman JohnChairman, and Nathaniel F. Glidden, senior partner of Glidden, " Qor.7 y,~ *• The income 2,299,220 189,293 ..45 ... Morris: & 373. holders to v ■ 573,738 income Bal. second *son, new behind are 1/40 of announced was The "Sedulities added three to above-mentioned of 10,676,110 573,161 r.•" - Expenses SEC has supervisory and authorized .<> the 1947." the 2,755,643 ? Income • the class B slock received amount corporation 2,790,168 etc., '—____._45 — ' L\ be / 186,531 41,518,706 Total Statement of Member Banks of Townsend !Mr./Townsend finished, distributed,/but in lieu thereof, at- the rate of-4iy4 cents per class B • investment American wili jinvcash bution will facilitate the p. dividend a payable shares • Last year, the North held, fractional ^payment-will be made share. declared 9 to equity Other American Cladmetals Co.—Townsend Made Official— Recently, cn 323,447 44,042,453 _____; Animal American Cities Power & Light Co.—Stock Dividend— directors 49,101 10,675,865 ___—__11 ferred Committee Authorized to Solicit— period has improved. competitive 41,332,175 With SEC— American luncheon meeting in Providence., that fleet of planes is expensive and years 43,719.006 115,522 surp. income earned $8,103,271. 1949, according to Assistant Treasurer. He three 11,693,723 10,625,764 equity of company in of new last 12,528,581 / 10,813,853 ______ .j.....: LIGHT equip-/ profit in and a one 13.174,694 -2,871,618 (net) AMERICAN . $1,348,107), $1;'total, formulae, transition a 18,902,074 14,704,449 (net) public, V..'f ' 43 Federal Reserve System..: American Airlines, Inc.—Outlook Good— McMillen, 21,840,852 3,512,763 10,698,336 to Portion Combined Condition Statement of Federal $5)*, $1,285,060; paid-in surplus, $2,143,042.; total, $6.884,533.—V. 168, p. 641. (par $3,456,432; 4.362,803 and 3,204,360 divs. /-■ nority 50 Foreign Exchange Rates. $142,596 LIABILITIES—Notes payable to banks, $300,066:;. -accounts payable* $536,172;. accrued accounts, $235,388; withholding and social security taxes, $69,127; provision for Federal and State taxes on income: (net)', $78,051; capital 156,228,049 71.125,383 life" Insurance," $351,931; assets,. $248,367; property, plant for. depreciation and revaluation of trade marks $ ' i 88,839,423 7,260,872 to Balance Redemption Calls and Sinking Fund Notices__45 and hides "• $ •'»'• 181,632,311 adjustments *Pfd. inventories-.(.less skins; and 1948—12 Mos.- -1947 '••• 40,491,160 Balance :-YyA ' The Course of Bank Clearings... Reserve Banks ccst ' '"'S 19,117,212 approp. income Transfer 42 State and -City Bond Offerings $689*283 bonds—at ' $ revenues..'. Balance 41 Markets General Corporation & Investment News.Cover "; $2,70 other reserves good cash S. ACCOUNT 3,579,954 res. income 39 Exchange .7 y. ~ The increase of 22,745,-* of last year. an week 5,026,761 deductions .33 " $1.56 ... $3,962,159; $687,791; "the kwh.,, INCOME 46,492,904 Amort.-of plant-acquisl- _24 875.000 $401,856 ' ' subsidiaries input of 23,983,493 ____ <___ oper. Interest 38 Stock and Bond Averages....^..- 475,000 „ "' taxes Gross —38 ______ Transactions New York Stock Exchange. Transactions New York Curb Exchange $2,039,282 reserves— possible future investments before to 258,438,000 1948—3 Mos.—1947 1 revenues taxes Net __37 Exchange Exchange Stock Exchange—Curb BALANCE SHEET, DEC. 31, 1948 ASSETS—Cash, "accrued interest, This . the Svstern the corresponding over expenses depletion Miscellaneous Features 1947 $671,856 ,, $1.25 A ' 3,.<1949, CONSOLIDATED ( Property retirement " Federal share ' Other 36 Stock ' ^ y ; Stock Stock Over-the-Counter has '■/•" " Federal - stands Feb. company amounted kwh.y-or 9.65% -.36 Toronto com-1. the by .y1, •" after reserves,. per J- , ended "; 35 J Toronto surplus, government-owned Mobile, Ala., for $652,000. reserves. inventory that Exchange Montreal Curb Exchange. of Co., Boston, Mass.—Earnings— for State and Net income earned week Operating Operating .35 Francisco Montreal Earn¬ v Feb. on company Exchange.-— Dividends Declared and Payable.. -ment the this SUBSIDIARIES— 35 Stock Exchange. Louis San pre¬ suffi¬ not were St. Shipbuilding Co.- -Acquires Ad- this to taxes addition reserve 1 202. p. FeriQd End. Nov. 30— : 35 —— Pittsburgh Stock Exchange. the to than less material 6 Months Ended Dec. 31— Net 169, 34 ________34 Philadelphia Stock Exchange satisfactory ships and tankers were produced during the war.—V. 158, p. 452. Profit Co.—V. 000 Exchange—. Stock series the on preference stock, payable the 4Vh % to stockholders of record March 15, 1949. These latter issues' offered in exchange for the shares of The 1949, ( 29 _____—— Stock Exchange Los Angeles $5,260,000, or 9.5%, this additional increases and Liberty v declared was on ' $7.58 3.6% income, $308,260 was payroll Administration sale shipbuilding facilities f 1, 34 Stock 5% of • dividend quarterly preference stock and Finance For of 13 Stock Exchange convertible record March the on holders to 1949, •' 25 Exchange Detroit Stock 7,524,887 ' $7.27 increased ditional Facilities— ■ (Stocks) ... Cleveland 1947 $60,315,783 $55,055,762 additional selling in Alabama Dry Dock & : 1, American Power & Light Co.—Weekly Input— y > Page . declared was April .two. .classes "are '. .. (Bonds) Cincinnati 1948 7,216,627 .' Stock Boston and the company feels that -products will continue to enjoy a demand that will assure a high level of operation during 1949."—V. 168, p. 2221. ,pany >. y;-..0:• ^Baltimore Stock Exchange vJ'.Vi* V- !• its The y New York Stock Exchange stock-*.N' to .".v $2.13 • sales no for that increase are fixed —Years End. Dec.-31-^ .'2,114,357-'" increased in income net offset dollar products resulted indicating year, ings, "While steel sales contrary, .the to . Quotations Stock Exchange New York stock in 1949, 12, Dec. 31,'48 taxes_<_--___l.J_._ adds: tonnage volume cient . par QUARTER AND CALENDAR YEARS share!..:.........*... per Traer vious . New York Curb Exchange & -V" _J.$16,341,975 -i..;..-.. income the capital dividend March Quar. End. Mr. the investment quarterly payable 1949. Period End. Dec. 31— Net present ,v"1 declared Feb. the with "..f present- capital record EARNINGS Sales the • payable ' more capital assets." share said * r ... Chairman, ' v dividend quarterly stock, convertible ■ Ohio is 1949. ft ■ • --C.- S. •; • April - at which regular 1949. T^he -first to per MISCELLANEOUS - preference num¬ shares the INSURANCE - stockhold¬ this recommendation^ the directors intend to outstanding from 993,324 t-o 1,986,648 approve share be be increased the distribute of ohe rate expected to the to meeting April 19," that the authorized stock in INDUSTRIAL - Stock Distribution approved a recommendation common change number and 8 the annual shareholders increase Feb. on ers shares PUBLIC UTILITY - New York Exchange , Phone - Exchange CEntral 7600 Chicago Bd. of Trade Curb Exchange Associate Bell Teletype SL 593 V* headed by Halsey, Stuart & Co. Inc. on Feb. 7 won the award of $10,665,000 2^% equip¬ ment trust certificates, series J, due $711,000 annually 1964, inclusive. The certificates were resubject to ICC authorization, March 1, 1950 to offered Feb. 8 by the group, 2.80%, according to maturity. offering group were R. W. Pressprich & Co.; A. G. Becker & Co., Inc.; Equitable Securities Corp.; Hornblower & Weeks; Lee Higginson Corp.; Otis & Co.; Phelps, Fenn & Co.; L. F. Rothschild & Co.; First of Michigan Corp.; Freeman & Co.; The Illinois Co.; Wm. E. Pollock & Co., Inc.; William Blair & Co.; Burr & Co. Inc.; Hayden, Miller & Co.; McMaster Hutchinson & Co.; Swiss American Corp.; Mullaney, Wells & Co.; Schwabacher & Co. and Edw. Lowber Operating Provision Other $38,153,385 $31,31:' ., 26,230,235 22,11- "V. 3,038,970 ' 2,760,857 1,836,790 1,701,971 ______ operating Total Operating $2,377,942 $943,192 9,320 : — Earnings —V. ; —$1.21/ . 496. p. Burroughs Adding Machine Co.—New Nil . awarded on a bid of 99.37, a net interest cost of Other bids received were: Salomon Bros. & Hutzler, 99.071 and Harriman Ripley & Co., Inc., and Lehman Brothers, 99 593 for 28/8S. The certificates, issued under the Philadelphia Plan, are the first instalment of a proposed issue of $19,350,000 trust certificates, series J. The Net ry. following standard-gauge railroad equipment estimated than $21,500,000: 1,800 50-ton box cars; 1,000 50-ton coal cars; 145 50-ton pulp wood cars; 44 passenger train 2,000 h.p. Diesel passenger locomotives; and 12 3,000 h.p. Diesel freight locomotives.—V. 169, p. 598. f; provide for the to cost not less bottom cars; six hopper railway from issued to these certificates is being aggregate principal amount of Net income oper. From Jan. 1— Gross ry. ra.lway from Net 185,351 *Deficit.—V. 169, p. *247,210 the in order with the Inc.—Earnings— Austin, Nichols & Co., sales Cost —- sales of 1,878,462 1,817,704 $561,835 $436,668 $797,516 $670,180 66,656 61,661 16,906 $498,329 $814,422 $672,312 12,368 8,000 8,000 8,000 26,050 ry. 8,492 Gross income Net Depreciation Interest ___;—— for Federal Prov. ry. %' announced the sale of the government-owned land, mining claims, machinery and equipment comprising the former Basic Magnesium, Inc., feeder plant (Plancor 201) at Gabbs, Nevada. The property, together with a rotary kiln and accessaries to be plant at Baton Rouge, La., Refractories, Inc., Cleveland, Ohio, for the government's alumina transferred from approved for sale to Basic was $625,000. also Refractories Basic authorized was erected Gabbs, a government housing development to accommodate personnel employed on the for project. Basic Magnesium, Inc., wartime oper¬ ator of the entire project, is a subsidiary of Basic Refractories, Inc. The purchaser informed WAA that the plant will be converted to the production of magnesia refractories and that a second rotary kiln may be added later. Production is expected to commence by plant, next about miles away. 250 July.—V. 169, 2. p. »1 * $980,444 563,000 59,823 $341,790 $698,523 $0.95 360,000 $1.94 *Cost 1948 1945 $22,185,651 25,425,359 20,041,957 profit- 35,668,208 debt 237,694 153,075 160,225 114,459 1,322,596 925,048 557,250 501,872 149,741 340,867 other tion 124,366 facil. emerg. tWrite-off . J 175,226 Net 4,439,088 Cumu. 3,464,169 579,40$ $6,1227,929 256,863 256,863 $3,824,325 256,862 doubles the efficiency and halves the cost of microfilm for By offering this apparatus to its customers, Burroughs not only expands its complete line of business figuring ma¬ chines and mechanized accounting systems service, but also makes which ing, business purposes. many efficient the market today. the available readily equipment on most photographic system business by John S. Coleman, Burroughs Bell & Howell President, "The con¬ tract, which provides for Bell. & Howell to develop, engineer and manu¬ facture, and Burroughs to distribute and service, arose from comple¬ mentary needs of both companies. According This ■ ment;-." The - in H. line including 968,628 830,513 905,472 905,472 855,472 stk. com. tlncluding during depletion, debentures redeemed on Feeder, 15 251,295,000 241,935,000 3.9 —V. 169, Reader a and consist automatic an of volume for Processor & will Howell continue 'in its Lincoln wood plants in be arranged its regular line manufacture to all banks SHEET, for reserve and cost wide i trained The between Burroughs make and and for 20 the future the with years, has as an and former to Howell Bell & sell and 168, Feb. The 10. tially has stock. New the of expenses Sec also equipment Chicago Trusts of V. the latter exclusive of but Costs automatic-renewal-privilege.—V. 169, p. SEC Feb. corporation covering 1, of $20,000,000 to be Corp.—Registers With SEC a registration 15-year sinking statement fund The the with debentures, The Co. <fc of interest York New rate, offering is named as the and The "Bank due terms Dec. proceeds Loans 31, the over next maturing 1948, held 41 due 1978 bonds at Exchange Boston, first are The now outstanding A than year" and for National York, 168, reduce one total banks.—V. of were 169, p. bank loans $24,725,000 of outstanding at 2. Co.—Definitive Bonds Ready— available New Mass.—V. later to months. different mortgage Chase Place. used be several not by Brockton Edison Definitive to are p. N. 2216. collateral delivery Bank Y., or of at in trust bonds, exchange the City the State of 3% items of and $150,000 reserve for Street above Ripley for company Co., Service Central right 169, p. Co. of New York, Operating & - • on ' • group $8,187,832 *Based bid of ' ' ' ' ■ the 1,936,035 $6,881,333 share of dividends.—V. stock common 169, weeks ended Nov, for preferred 107. p. Continental Baking Co. Net Other bids, Dec. 25,'48 of of goods sold Dec. 27,'47 Dec..28,'46 161,238,774 150,284,571 125,761,312 109,889,827 105,263,282 sales Cost Equipment — (& Subs.)—Annual Report— Fiscal Years Ended— selling exps. advertising——. delivery 82,400,675 and both 24,970,199 1,701,623 1,360,960 2,970,899 931,467 *7 3.477,458 905,961 499,000 1,302,738 3,007,885 759,386 386,000 9,086,890 12,934,429 626,416 -46,065 13,190,445 9,713,306 12,980,494 _______ admin, and to the expenses- 650,000 '• pension fund__ Balance income Total — — and amort, of 3% deb. issuance Cr9,956 ' 466,724 10,023 487,978 debs.___ Provision lor Federal income taxes 4,865,000 3,485*000 4,767,700 200,000 200,000 200,000 7.673,101 5,551,559 7,510,206 V ' 8,950,758 •; ; on'redempt. Prem. <# 3% of amortization Annual of goodwill income Net of Balance earned surplus at be- 1948.—V. 169, 204. $5.50 div. cumul. pfd. stock on Dividends on Write-off of 25, In Balance of 14,610 common balance 1948 stock of goodwill 1,366,890 11,420,849 8,877,096 1,394,662 1,075,429 1,394,663 1,613,143 at , — stated value of 5,869,290 1,394,663 1,613,143 Total Increase p. ( 16,623,859 ginning of year Divs. • '462,300 expense for Privately—The 29,691,020 32,345,633 expenses —________ Contribution Other . .-'■V 441,120 Depreciation Advertising General j 12,749,325 than other headed 99.1811. 29, $4.92 after providing pfd, stk. 5,400,000 1,207,500 announces four $7,027,243 $4.51 stock— outstanding shares average $8,888,090 1,860,847 ■ that its production for the four weeks ended Jan. 31, 1949 amounted to 308,343 barrels, compared with 382,063 barrels for the five weeks ended Jan. 3, 1949, and 300,929 for 544,392 $8,817,368 _________ deductions.--- per on $8,343,698 629,536 income "Earnings Int. a ,'____ income income Net Co., Inc. on Bait.— 1947 1948 income Gross Feb. 7 offered awarded Inc.—Output— Co., Louisville Ry. banking and 1947.—• ' income Cost ' year $71,238,330 $62,889,038 48,803,248 40,349,561 amortization————— 5,090,068 5,511,320 9,167,182 8,684,459 — Other 599. • for 600. revenues.. and Depreciation Taxes to this month placed privately through Moroney, Beissner & Co., Houston, Texas, $300,000 of $100 par value 5^% cumulative preferred stock. barrels $173,700 and depreciation on operating Dec. Trust 1948 year for charges Operating expenses owner of 77.8% of subscribe for 219,196 stock is to be offered preferen¬ Maine's common and 6% preferred Public company company includes Consolidated Gas Electric Light & Power Co. of & Chilcls Food Stores, Inc.—Stock Placed The $339,600 $3.40 $6.82 statement of $203,900 1692. p. 47,600 254,000 class A share per o.i%.—v. Co.—Offering Manager Named— Harriman Colon Development Co., Ltd.—Production— temporary New York, 43 52,300 463,000 (net)^ series for 2,732,600 taxes___ The certificates issued under the Philadel¬ was $3,373,800 3,134,300 $681,800 income 168, 1947 1948 31— Feb. 9 announced that System output of electricity (electricity generated and purchased) for the week ended Feb. 6, 1949 amounted to 227,000,000 kwh., compared with 253,200,000 kwh. for the corresponding week of 1948, a decrease of 10.4%. Local distribu¬ tion of electricity amounted to 218,900,000 kwh., compared with 219,200,000 kwh. for the corresponding week of last year, a decrease of receiv¬ accounts supplied by amendment. net Dec. deductions depletion V. 1948 31, $5,777,132; Stuart & Co. Inc., 99.72; Lehman Brothers, Bear, Schoellkopf, Hutton & Pomeroy, 99.37. The proceeds will be used to pay $3,850,776 for equipment now operated under seven conditional sales agreements and to buy new equipment expected to cost $844,500.—V. 169, p. 600. ■ maturing issue 119,000 $558,440 - expenses.- NOTE—The ex¬ were: Halsey, Stearns & Co. and principal price and underwriting 119,520 $555,365 • Net profit 2%s, : ?•, Dillon Eastman, filed 4 1964. underwriter. are Loan Feb. on The the Offered—A and Stroud & Beneficial Industrial This 496. $4,331,400 Earnings phia plan, subject to ICC approval were priced to yield from 1.50% to 2.95%, according to maturity. Associated in the offering were Drexel & Co., Union Securities Corp. 203. p. Sept. 30,'48 Dec. 31,'48 ■ 1997. p. Ended Federal by Salomon $4,500,000 2% % equip¬ ment trust certificates, maturing annually from March 1, to 169, value__ and Other de¬ discount unamortized OCT. waive its remaining with 169, p. I ! Bros. & Hutzler to is microfilm Invited Indianapolis 1950 to 1964; of year. hand, on doubtful England issue. holders to 5.43% .—V. or 12 Months Ended Dec. 31— stock, common energy business Net sales 2428. p. company shares will for service subsidiaries conditions of 3, 1949, amounted to the corresponding week electric general Consolidated Cement Corp.—Earnings— Co., Inc., to manage the standby underwriting of an issue of 286,496 shares of $10 par common stock now in registration with the SEC, it was learned on been already Burroughs 164, —V. $39,544,335. The force. service contract develop run in 18,098,164, of Output— Corp.—Weekly of show to milled Production Total Chicago, though foreign manufacture may photographic.equipment. of output ' or Central Maine Power done in distribute microfilm equipment through its more than 350 branch offices in the .United States and abroad and will provide service through its world¬ at some time increase an Tonnage —V. users. microfilm hour adjusted served for the week ended Feb. as compared with 322,142,451 for 1948, Total Automatic and Recorder a corporation Southern & kilowatt weekly this payable, $2,223,634; accrued expenses, $919,460; accrued interest, $58,183; provision for Federal income and excess profits taxes (less $4,080,000 U. S. Treasury notes, tax series, at cost), $585,726; provision for other Federal and state taxes, $146,231; 15year 3Va%, debentures, due Aug. 1, I960, $4,348,000; 3V\% debentures (issue of 1947), due Aug. 1, 1960, $2,813,000; 5% preferred stock ($20 par value), $5,137,250; common stock of no par value (869,332 shares fully paid and 36,140 shares partially paid), $905,476; paid-in surplus, $6,110,639; earned surplus, $16,296,735; total, $39,544,335. which Burroughs will distribute, will carry will ' Consolidated Beattie Mines Ltd.- -Earnings— LIABILITIES—Accounts affects Bell & Howell's manufacture and motion picture and still camera equip¬ and name 600. p. Commonwealth The allowances of ' Bell i 6.5 5.1 The (after "<> Inc. 1948 6.2 Consolidated Edison BALANCE in ASSETS—Cash of equipment, Howell & 1948: 1949 241,900,000 $0.57 $4.17 $6.59 $7.20 administrative and selling and preciation 1,518,091 outstad._ shs. Earned per sh. the microfilm with comparisons '254,182,000 377,772 755,472 dividends Common . Bell and 22 Percy, way no wide its of statement Joint a Charles agreement distribution the to and President, associated the week Increase over the corresponding week the kilowatthour output totals of the past Jan. $605,525 170,752 dividend— pfd. pense 4,047,600 $6,785,189 (net) tax. profit total, production of its new microfilm recording apparatus and the initial placed by Burroughs with Bell & Howell amounts to several million dollars. Burroughs will distribute and maintain this equipment as an added service to business throughout the world. The Bell & Howell equipment is based upon a new principle of record¬ the present board of seven.' No directors was made at the meeting. Co.—Weekly Output— ___ Year premium Prov.. for inc. two that 237,588.000 redemp¬ of to agreed (less (Cr)__ income) of Amort, was 240,178,000 101,707 268,910 funded deductions Other $2,143,694 $7,665,106 $12,660,201 $11,203,911 all of Detroit, Co. Machine Adding Burroughs the It amend¬ provide the was company 1946 1947 order and new employment proposed the of ——_.a——255,065,000 in depr. and depl. on the connection 6.5% a Quarter Ended— Prov. for in 29 Jan. of $555,261), $5,329,177; inventories priced at the market, $4,612,704; security investments (Celotex Ltd., $695,161; The South Coast Corp., $438,541; and California Mill Supply Corp., $202,838), $1,336,540; property, plant and equipment (after re¬ serves for depreciation, depletion and amortization of $10,332,815), $21,181,275; miscellaneous investments, etc. (at cost), $622,846; patents and patent rights (at nominal value), $1; deferred charges, $684,662; company required securi¬ 252,954,000 $46,872,119 $33,090,464 41,530,140 sales operating stock to additional Also approved directors.- Ended— territory $54,190,341 of freight This to the 5 360,000 $0.99 , 2320. p. sales lower Mich., announced on Feb. 10 that they have just arranged to cooperate in a long-term joint manufacturing and distributing project. Commencing immediately, Bell & Howell Co. will sell to Burroughs will sell the approved 8 added Following are percentage ago. Feb. $357,621 360,000 $1.82 Years End. Oct. 31— Net able Chicago, 111.—New Contract— Bell & Howell Co., showed 5 weeks Week of 168, storage subsequent 496, p. Feb. year four 360,000 $656,616 :__ share stated.—V. additional net common Jan. 430,950 outstdg com. a 1945 1946 $6,351,111 567,240 1,126,723 225,450 428,200 1947 $5,349,511 prior to shs. Common used during the war to supply "feed" magnesium at the Henderson, Nevada, property was conversion to metallic Gabbs The townsite ot during the war '7 * the Electricity output of Commonwealth Edison Co.- and companies, excluding sales to other electric utilities, for ended , financing underground that funds incorporation of be and its to bidding. overall 600. p. number regarding the additional anticipated President. of the competitive (in) program authorization for at Corp.—Amendments Approved— Commonwealth Edison < 4y*':?- >. step a remaining 169, Cohn, directors 169, $2.66 - Financing— SEC 340,240,615 , the lease to - , ,, •' " :: • , the the corporation Feb; on in Is it the certificate announcement Celotex Corp.—Annual Report— approved buildings, ,~ " 1,087,566 charges. per Interest that it has Feb. 2 on ' profit, *Not Inc.—Purchases Gov't Plant— Administration Assets ' 106. p. —V. __ Net War *1,247,216 ./' applic. Net sold its asphalt business, including its lease of the pitch lake on the Island of Trinidad, to the Previte interests of London, England, T. Rieber, President, announced on Feb. 9. Under the terms of the sale, Barber will keep its oil storage and terminal facilities at Brighton, Trinidad, and its royalty interests in nearby properties.—V. 168, p. 2318. The *1,374,820 1948 $7,354,283 after Common has Basic Refractories, *1,311,226 years Corp.—Sells Asphalt Business— corporation 169, sales Net Earns, Barber Oil *1,325,995 additional and Pictures increaes an "but as construction provide Harry the $113,908 *69,679 Carpenter Steel Co.—Earnings— Taxes to $1.03 per share in 1947 and $1 95 in 1946 based on 188,215 common shares after preferred divi¬ dends on 111,076 shares of $1.20 cumulative convertible prior prefer¬ ence stock now outstanding.—V. 168, p. 1686. The 1,380,751 *682,G16 Fed. and State inc. taxes $305,820 $455,372 *617,096 2,145,653 *578,395 2,408,305 income oper. *Deficit.—V. equal was *117,181 ' ■;'' 1,725,325 *751,550 raihvay__ from Net Profit $284,006 $355,947 profit net NOTE—The *145,401 i ■ Quarter Ended Dec. 31— 350,000 325,000 180,000 240,000 taxes. profit: Net 26,323 20,176 ——. ; *114,814 railway— from '.' Total *105,786 income oper. From Jan. 1— 2,132 $628,491 . $199,120 *46,179 railway from Net Stated 1,455,482 (net).— income *40,704 $199,633 railway from Net $2,125,662 2,140,312 exps.__ gen. Profit Other Gross Not $2,615,220 $2,315,130 $2,702,147 Selling and 1945 1946 1948 1947 $19,196,264 $17,477,240) 16,494,117 15,162,110J End. Dec. 31— 8 Mos. Net for 1945 to debentures new program.—V. with to ment 1946 $158,724 *84,066 1947 1948 December— $2.98 applied of debentures, stockholders The Vermont—Earnings— 1949 sold; to 1.949 contract Canadian Pacific Lines in new Columbia 106. 7 described and of $142,593 shares.) purchased in conjunction with During 1948, 1,223,000 shares of sale 6,736,647 2,353,881 1,128,494 4,949,005 814,765 5,314,165 1,012,021 *110,477 5,879,069 1,290,136 — incomel__ oper. its be issued were Feb. on $20,000,000 involving program. ties railway from Net sell is to gas ( . . (53,574 4,276 $159,472 , — y proposal plan" 1945 $603,729 178,293 72,181. $532,562 135,211 33,633 $600,112 104,405 2,643 $778,491 288,197 175,514 ; share company 78,605 6,817 2681. p. and The 1946 1947 1948 railway from 84,704 1 surplus per $225,476 . Columbia Gas System, Inc.—Plans Contract— Maine—Earnings— Canadian Pacific Lines in December— Gross faxes 39,107 $250,993 taxes to 168, issue was $264,584 64,974 A_; income Earnings 375. p. $256,870 7,713 deductions income Balance —V. Bell & Howell Co. above,—V. 169, 8,097 _ income State v: , ' $307,869 —_— 1— income Federal *$216,260 ! share. per 169, 976^957 $315,967 income income Total $946,558 1,162,818 $903,512 deductions other and income,-.. Net $2,387,262 1,483,750 income— Gross 1947 $1,233,827 1,113,416 3,366 (net)-, Net Interest 1948 $1,421,285 electric deductions revenue income Gross income income Co.—Earnings— 31— 3,844,353 — Operating Deif. revenue, operating Other 495,500 4,173,948 taxes taxes Other 2'/2s; The —J-——— : depreciation for income Federal See issue 57875%. Colorado Central Power 12 Months Ended . Maintenance prices to yield 1.45% to members of the for revenues Operation Stokes Co. ° Monday, February 14, 1949 1947 1948 Years Ended Dec. 31— Other The CHRONICLE FINANCIAL & Brooklyn Union Gas Co.—Earnings— Trusts Offered— Atlantic Coast Line RR.—Equipment An underwriting group at COMMERCIAL THE (698) 2 of earned r 7,008,553 year Earnings per ' surplus at end common share—— $5.84 8,950,758 $3.86 5,869,290 $5.68 Volume primarily SHEET BALANCE CONSOLIDATED Dec. 25, '48 in banks and on hand-— U. S. Dec. Dec. 27, '47 $8,368,166 ASSETS— Cash $7,128,316 28, '46 $8,132,939 Treasury notes, Trade Loans Sundry "Plant charges and 1,623,196 458,331 212,039 26,126 20,546 10,198,990 10,374.351 54,746 1,040,026 59,246 135,746 1,221,956 853,710 employees.- stocks, mtges., Deferred to cost at 1,932,054 394,067 30,563 9,333,831 advances Inventories 2,162,846 receivable——— accounts and 2,005,000 tax series C— receivable—— accounts Sundry . etc., at cost , „ 32,008,321 27,570,532 5,690,000 35,815,791 equipment Goodwill 5,800,000 — Total — 10 these type to product. of cents cents 35 $2,546,492 $2,947,697 $2,208,173 payable —: Employees' payroll deductions for savings bond purchases, withhold- Creole has barrel per In reductions made prices of its oil of Selling prices of the lighter crudes, which are comparable in quality those generally produced in the United States, have not been affected. points out that the changed supply-demand picture is reductions of crude output in most of the major oilof the world, but that with a demand which is still rising, even.though at a slower rate than formerly, and with price adjustments that have been made, the outlook is for a healthy situa¬ tion in oil with respect both to producer and consumer.—V. 169, about •' - ' ' . : ■ ' .' , V'. , ' ' f. .'"7'; . Chemical Corp.—Earnings— after Income pension plan —— real Gross Accrued interest est.- and sundry ,"_Li' payable Dividend payable on common Fed. income and Accrued profits pfd. on 614,421 570,386 611,352 taxes — Dividend 10,498 stock 10,408 244,588 348,666 stock-*.— 348,666 Dec. 29, '47 Dec. 30, '46 $14,376,000 $14,335,000 960,000 1,813:000 $12,706,656 $7,580,173 411,513 274,616 650,545 Total income $13,118,169 $7,854,789 $1,183,726 Interest 709,000 180,000 —— sinking fund debs., Miscellaneous $$5.50 reserves cumul. pfd. 5,654,130 324,002 295,773 15,263,000 15,612,000 67,709 Dec. 31, '45 — 60,669 25,357,500 24,150,000 24,150,000 1,000,000 1,000,000 1,000,000 value par surplus 7,008,553 8,950,758 5,869,290 $57,200,036 $58,633,340 $56,728,059 "After reserve for depreciation of $25,570,297 in 1947 and $25,337,534 par and resented 1,075,423 by prior IRepresented by 253,575 shares. shares.—V. 168, p. 2321. Chester the stock, common The Feb. on declared '2 payable March previous payment was CONSOLIDATED SALES dividend a EARNINGS cents of cents per share 15 AND 10 of holders to 3 sales Net the — earnings Earnings "Net after per period in p. 168, Feb. Son, New 1946. $1.02 Nil 1 and 1948 31. The Guaranty Y., has capital Trust Co. been appointed stock, no of New co-transfer value.—V. par York, 168, 140 Broadway, 343. due be (Including sales Cost of Selling, and FOR 12 MONTHS ; — goods sold ENDED OCT. 31, 1948 Provision administrative, and profit Other income Total income __ income income Approp. for for res. possible Consolidated earned to The 1909. 1, local wants company sell to INCOME earned inventory price declines surplus. surplus, Nov. plant $1,730,646 non-assoc. 1947 1,087,289 960,107 1,268,981 1,381,254 311,077 preferred, stock! 471,922 revenues Oct. 31, .' with compares The "the oil 10 4 to : 90 a stockholders cents share per dividend . the of record of from Net . ry. 75 cents Feb. per share, 1949. 21, This Net 822,615 each quarter during 1948. taking the above dividend action, the demand reduced for — Fed. State and 1,860,623 1,162,600 $1.85 adjustment.—V. and audit to peak of barrels 652.000 daily, in 422 reached September, in the company said that : in the face of increase in demand for oil products which Similar efforts effort to of expand made "To demands- for important .additions oil winter in been. met. to. stocks 75%' gravity type trial power, of " ' • stock in but 1947 1946 heating have the which 320,744 158,826 (1,095,137 With 93,017 145,666 tTo output postwar at from present peak, sharp output the of end of petroleum the issued the at six in Canada for Canadian 60% a Con>*»ereiai and has been it than tax companies.—V. ended for Nov. 30, $51,938,365 $41,715,871 168, 1948, comimm shares 60,000 With purposes. companies what in the Duplan the book paid the two value possible Six these for Months Ended Nov. sales Earns, TO the company acquired stocks of the Canadian Dup'.an since Nov. 30, Net Federal & income for accumulated Dividends United States to Creole's produces to 30— income to earnings of 2,717,165 1,445,000 of 565,927 the N. sales net in the previous $80,095,199 of 1 12 shareholders by last in plants modernizing end. war's and ■ companies which" are and distributors of equip¬ builders chiefly in the production, sales- Of and $5,792,103 the other three still above the of as of Jan. cash. (Reg. 12, Mr. 1949, Mallon "Both low S. Patent dates, BALANCE 07 SHEET Nov. 30/49 securities, the May 31,*48 $2,307,404 ; at $2.16 $16.10 j with accrued receivable (valued of $1,924,812 1,232.422 1,875,081 3,642,692 3,200,646 6,448,185 5,859,174 897,816 int,_ —_ lower 714,396 approximate market): or materials, work in and process supplies fabrics : insurance and taxes 501,399 : Buildings 185,677 185,677 3,634.823 3,295,180 7,182,544 6,572,727 41,410 39,414 19,144 19,144 (net) __ Machinery, Plant & equipment met) Sundry investments, at cost or less—_ Refund, portion of Canadian Total — J. profs, exc. taxes. 210,458 '• $26,093,517 $23,896,709 — .LIABILITIES—' payable Trade accounts Accrued Fed. within Canadian & Accruod state Day payable—..A.— 2,438,236 3,010,642 taxes local taxes 190,954 2% % 254.901 5,o"o"o~ooo 5,000,000 700,000 900,000 194,246 due 1950-1963—„A_— serial bonds of Canadian subsidiary-— note cumulative pfd. stock of Canadian svbs._!._ Minority. interest in surplus Co., 982,359 income and surplus.. Mallon 100,000 1.075,344 1,367,629 — payable Earned Mr. 300.000 1,444,774 — other and wages -V/ year——_/ compensation——..— one payable ' Capital and each of tire divisions," Heater which Payne Furnace Co., the following . ... Bryant companies, Affiliated Gas Equipment, Inc., by had gas appliances different channels entirely "Common stock of x Canadian no par 200.000 v*4~685 1.942,462 593,921 P. . :. — 200.000 subsidiaries.... value 3 "v* — 1,184 2,821,*394 8.326,055 6.818,540 $26,093,517 .- $23,896,709 — whose . . to say: and ". . . distribution involves were for & acquired $10,870,000 ence different entirely he added, "have The to .such grown that extent an Dresser is judged to lie more along the line of a capital goods in the oil and gas industry, it seemed advisable to sell the Appliance Division when Ihe opportunity for a favorable sale occurred. "That pand in its sales not permit Office) volume in with it to B. the Mallon o:l the to "should continued, industry to divestment However, respect its presently Gas a as to Appliance improved foreseeable the payment of earnings of the company immediately sufficient extent an of the company's consider current William Mr. earnings anticipated., position of the Dresser," and requirements somewhat larger this York should Stock p. at Nov. 30 and 776,985 shares the a persons SEC Proceeds A were is given the upon Fuel applied to listed and SEC for permission registered ($20 par) on the On account of the fluctuations in the rates of exchange, remittance for hearing on Feb. of the new March 1 to request a hearing application.—V. 169, p. 204. until bond financing proposal has been sched¬ 24. : which ; rrq to be sold at competitive , bonds, be used for construction additions pnd betterments. plan for recapitalization is now pending before the Commission.—• 169. will p. 601. Company,' Publishers, '25 Park Place, New York 8, N. Y,, REctor 2-9570. Herbert D. Seibert, twice a week (every Thursday (general news and advertising-issue): with a statistical issue Dana foreign subscriptions of New Associates—Hearing Feb. 24— company's $12,000,000 for bidding, V. security Commission Eastern Gas & The uled Exchange has trading privileges to (he common stock which ... - Editor and Publisher;. William Dana Seibert, President; William D,. Riggs,. Business Manager; Published on Monday). ; Other, ox rices: 135 S. La Salle St.; Chicago 3, 111. (Telephone State 0613); 1 Drapers' Gafdehs,'- London,- E. C., England, c/o -Edwards-&• Smith. "Copyright 1949 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, U. S. Possessions, Territories and Members of PanAmerican Union. $35.00 per year; in Dominion of Canada, $38.00 per year. Other Countries; $42.00 per year. "• • NOTE: at 1692. Exchange. interested percentage dividends than heretofore," unlisted company, before ex¬ working capital shares 869,874 168, Cleveland Stock to extend offset Division by 1948.—V. 31, (E. I.) du Pont dc Nemours & Co. (Inc.)—Listing— problems other Dresser companies. is of •Represented May these companiesisell and sale is through sufficiently large to require the entire energy and resources of specialized management to be concentrated on it. Since the experi¬ a the company has oil. ' The below the level at the war's U. accounts company's earnings, 719,447 $16.61 _r * gas net 446,583 $2.62 share on'.record government Woven $1,556,635 531,559 869.874 share— common the of household heavy Chronicle per transportation, refining and sup¬ accounted for $79,465,637 of the total Dresser Niglh Manufacturing Co. be¬ the the investments, made 6,000 107^456 " . approved loan, 6,000 subs— stock—•_ comomn common Bonds term '____ Canadian pointed out. the operations, S. Invent, -Sales and Earnings Up—Three Mallon, President, said in shareholders. This compares with to $12,500,000 since from those of Trade 556,249 in $2,282,153 in ; U. ply of petroleum and natural net int. CONSOLIDATED 1.729,362 net on substantial Dresser used stock 1,047,074 $1,670,091 outstanidng_. ASSETS— 3.991,774 i 1947 $18,871,826 3,733,153 — "Market.*value 3%% spite min. 4% per value the more $25,157,516 taxes _! taxes by acquired subsidiaries. 1P48 — Canadian preferred on shares 6% make where is report $4,439,189 first $197,881 $2,288,153 applic. Net 1,700,183 H. was ACCOUNT profit Earns, 4,268,683 858,721 stock, common Duplan 1948, wholly-owned now INCOME ____ before Provision 2,666,198 $108,636,897, ' 15-year Ten both the of 2541. p. earnings years at CONSOLIDATED 5.642,787 previous fiscal year. ment supply company price Financial 7,131,840 of the outstanding Land annual of equipment filled • virtually to capacity, market months exchange interest, in fuel oil to consumers has dropped seme' 90 cents ner barrel, bringing about an adjustment also in the price which refiners pay for the heavy crudes yielding the 547,568 12,520,851 11,533,451 amount an Dividend is November 547,568 12,522,826 is the together with the past year's increased earnings, have enabled Dresser, it was indicated, to meet added working capital requirements end. Since 547,569 12,777,733 18,120,470 — such of 3,065,657 1,018,605 1,450,028 5,940,000 of $840,000. The charge to earned surplus of amount by which Duplan's cost exceeded the book value 40% interest when acquired. The book value of the Canadian companies is low because of higher depreciation rates allowed in $243,079 6,564,686 March, by relation the is shares) insurance remaining 40% Prepaid sales net The to some of its wells producing heavy is about 1C0,000 barrels daily,, or 15% production but 5,880.000 company has invited bids for the purchase of $40,000,000 first refunding mortgage bonds due 1979. Such bids will be received the company at Room 2109, 48 Wall St., New York, N. Y. up to 11:30 a.m. (EST) on Feb. 15.—V. 169, p. 601. Cash business reduction *6,390,203 5.820.U00 ser. Tne 86,779 net worth rose from $30,483,846 to $37,265,772 and earned surplus from $11,533,451 to $18,120,470. 1948. primarily -suited for the manufacture of fuels for indus¬ for generating electricity, for use by ships, and for heating storage facilities reduced 3,669,926 112,500,000 — —— 96,084 38,621 earnings for the fiscal year ended Oct. 31, 1948, reached $8,033.- on the buildings. - 1,392,990 by $307,189 wa& equivalent to $7.14 per share on the 1,095,137 shares of common-stock outstanding-and compares with $3.85 earned, per share is 'particularly■.'concentrated. particular crude of section oils 179,773 2,432,329 in¬ on 3%% 1945 $402,348 During the past year, unexpectedly followed its storage, favorable more 5,252,821 1,526,077 _______A„$69,925,364 cost • the northeastern factors These cause the : to industrial of use •• addition In $7,000,000 6,326,188 3,576,452 and This of crude' and refined •;Vy'; V ■' position, consumptionduring the present winter showed a smaller percentage increase than the percentage increases of the three previous winters, owing to a number of unpredictable factors. These included a flattening out of the rate of industrial activity, an extensive shipping strike, which out, the demands of shipping lines for bunker fuel, and an unusually mild products. •• $1,109,797 Duke Power Co.—To Receive Bids for Bonds— 4. p. , increased $41,715,871 —— i. 5,120,356 banks. Bock $605,772 ( income. oper. earnings other oil units, with 'the result that the industry, entered the current winter with confidence that, despite a demand which was still rising, spot shortages such as occurred during the previous winter could be avoided. Not only have course taxes (cumul.) Earnings RR.—Earnings— 163,534 income— railway months. limit. were 1 300,095 3,508,966 (non-current) stock "Dividends 601. p. 1948 railway company's the The war, it exerted every the maximum efficient 1 381,917 $7,953,818 Capital surplus Earned surplus $1.60 169, $574,617 railway 169, Net demand-supply situation in oil and cn the influences on its own operations resulting from the industry's success in eliminating last year's tight conditions, the corporation pointed out Feb. 9 that its production of crude oil Increased from" about 500.000 barrels daily at the beginning of 1946 to a changes 9,877,256 1 541,008 1,162,600 outstanding Units Sold— large capital expenditures to enable it to maintain its in the world market and to complete construction of the recent 11,500,928 v.-!'.'' etc. contracts— Can. payable Raw a Amuay refinery.''* Commenting on 14,841,697 (net) taxes, (est.) come Notes Preferred 298,750 2,158.811 stock Dresser Industries, Inc.- for position 1,109,456 — $2,159,373 stock railway.— from ry. —V. crude large inventories of products which have already weakening of the price structure for heavy fuels. In addition, consideration was given to the company's continuing require¬ ments 631,500 18,493,080 576,286 $69,925,364 $51,938,365 on 446,232 $2,503,811 345,090 — share.- oper. from Net existing in resulted 353,116 23,883.977 1,174,533 et.c 231,116 From January 1— paid company announces that in directors gave consideration to and 357.563 30.870,339 ——— payable, $2,605,605 -— . common from Net declared of (current)——. $2,374,439 $3,326,426 : _ common per Gross $6,250,804 1948 Gross Feb. on 8,432,840 assets equip, liabilities 419,186 $3,092,208 234,218 —, Detroit & Toledo Shore Line 94,805 f March other payments 271,724 taxes "Preliminary, subject Creole Petroleum Corp.—Dividend Rate Decreased—^ directors and deferred payable subsidiaries 1,592,874 __ December--- The 194G $2,866,643 12,269,302 portion) — During 1,427,534 ^—i dividends for 31 1947 $2,972,838 the $17,782,792 $15,285,943 4,388,903 4,829,516 4,221,299 cos. 4,970,372 ; — shares Earned 4,614,963 1947 1, $6,345,609 payable OCT. SHEET, Duplan Corp.—Issues Semi-Annual Report— _ deductions Balance 300,000 — Total Consolidated earned surplus, —V. 168, p. 2682. income on and insur., Common Dividends paid on $951,716, and 1946. 1947 BALANCE —_____—— Advance ACCOUNT "1948 income Preferred $2,030,646 —„ $0.74 deducted respectively, amortization, and 1.353,443 _ future 1948, Total construction.- finance to ——— income Income $3,384,089 _ taxes— — transferred taxes (current Patents Net Total Balance Jan. taxes— income Net Net Property, 13,874 ... Federal solicit its pre¬ will also company taxes— operating Gross Provision for the depreciation— and Other $3,370,216 (net). 31, 3,436,465 ; : Oct. and $1,183,554 17,698,373 investments Prepaid from increase to $10,000,000 the amount the company might incur. The would be issued before Jan. 1, 1954, and.would __ for income State research sales. on stock preferred which purchased from Federal Net Net National approval to revenues gas Other 21,253,729 —_ general and development expense. Federal $28,060,409 ■___ — service, authorized expenses and Maintenance Wholly-Owned Subsidiaries) — Total the its increase for than operating Power depreciation (net) years Total asked 9 to securities Operating $1,037,235 $3.85 1948 refundable the Cummins Engine Co., Inc.—Earnings— Net Keeseville the of Years Ended Dec. 31— Total CONSOLIDATED EARNINGS director a CONSOLIDATED _ $4,439,189 $7.14 35,400 $4,440,644 prior Securities and Exchange Com¬ to solicit approval of holders of its preferred indebtedness for the 14, $8,038,422 $1,467,467, ended years Common indebtedness later additional to Inventories York, New agent, effective Feb. p. and the application, stockholders unsecured Copper Range Co., Boston, Mass.—Co-transfer Agent— N. the Est. shares. 200,000 unsecured of C'r41,332 Cr837,000 Cash » Feb. cn stocks common ferred $20,486,835, against was 376. p. amounted Accrued 601. p. permission to Dr306,957 „ for Accounts corporation and this been Y., of Shares— company for Dr45,521 share—— common Receivables rower & Light Co.—Plans Increase in Pre¬ According .to 169, shows current assets of leaving net working 1943, $1,968,000, of and President and a director of R. Preseott &; furniture in Keeseville. On Jan. 1, last, he term as director of the Federal Reserve Bank of N. |York.—V. 169, The (net). years ASSETS— fiscal year to date exceed those' for any corporation's history, except the 1947 period.— President is three-year mission "1,292,874 share for 1947 3,378.123 earlier.—V. year 26, Chairman and President., In commenting on period, stated that in addition to inability to selling prices, earnings were further adversely in the Keeseville, ferred taxes—— working capital at Oct. a Dec. ratio of approximately six-to-onc. Preseott has Delaware $91,505,042 54,700 present manufacturers a 104,000 LIABILTOES- Preseott began 11, YEARS 1948 $108,157,527 per above, 2322. B. 812,000 income $0.67 elected director of Manager of The Delaware & Hudson Co. Bank, loss, $19,053,117 514,134 $0.51 Delaware & Hudson Rll. Corp.—New Director— Roger 47,191 2,856,000 income Notes 100,000 NOTE—Net 514,134 the V. share May 29, FISCAL : common 514,134 $2.14 liabilities 1948 the ^Rep¬ per record on FOR —— $342,002 of as cost for (Incl. Wisconsin Motor Corp;) Years Ended Oct. 31— Net $262,000 $1.20 Hockley. of by earnings Continental Motors Corp.*—Resumes Dividend— 1949. F. results Mr. directors $1,104,000 longshoremen's strike in November and the shortage of available ships since the end of the strike necessitated postponement of a substantial Volume of shipments which would otherwise have been made in November and December. He pointed out, however, that as The for 130,232 17,960 4,460,000 taxes- income on Net 1948, interest. State 179,983 36,247 surtax — and tax Adjustments Earned * 514,134 current reflect increased $25,550,179 in tAfter deducting $1,501,200 U. S. Treas¬ in 1946. ury notes at on sheet and similar Total and * 433,979 — expense income CONSOLIDATED capital of $9,831,000, a affected $533,181 $8,665,000 $10,767,388 $617,000 — balance $11,799,000 the without normal stated. "Not due ——_ — stock, par value ' ICommon stock,'without Earhed 4,397.003 347,929 14,884.000 20-year 3% income The $4,271,143 deposits guaranty expense • M'scellaneous Fed, 442,000 343,000 charges taxes No. of capital shares ! Earnings per share— 268,857 . excess taxes Salesmen's Net 348,666 806,572 profit income NOTE—Provisions 324,990 '341,894 345,740 — 1946 Other ing and social security taxes, and Accrued 1947 — Refundable taxes Dec. 26, '48 ———— Profit ACCOUNT 1948 ———'—$108,636,897 $80,095,199 $54,783,188 Cost of goods sold—— 79.331,541 60,033,068 44,513,768 Sell,, engin., gen. & adm. expenses 16,598,700 12,481,958 9,736,239 Canadian Davison 3 sales areas 497. Sales INCOME Years Ended Oct. 31— company bringing producing p. CONSOLIDATED ranging crude with The (699) Net 6 Months Ended— Accounts CHRONICLE FINANCIAL & grades. LIABILITIES— - that from $56,728,059 $57,200,036 $58,633,340 — COMMERCIAL THE Number 4777 169 and advertisements must be made in New York funds. 4 Electric the For this of —V. Power week kwh., or p. 601. 169, 17.7% 1949 6.4% corresponding week of last year. the over output electric this of corporation Monday, February 14, 1949 amounts \ , . v : ... . for 10 Days The statement with tiled offering posed of Operating requested. withdrawal of its registration the SEC oil Dec. 14, 1948, and covering a pro¬ Feb. on 3 Telephone Period End. 169, 169, below.—V. Corp. Jan. 1949—48 Wks.—1948 1949—4 Wks—1948 29 - INCOME 205. p. extended ovens, the the on ACCOUNT, (W. T.) Grant Co.- -January Sales 1.33% Lower— , Period End. Jan. 31— Dividends ; 1943 earned—$140,521 Int. Stock Corp.—Changes in Personnel— First Bank t Kennedy, President since 1941, and Ellwood O. Jenkins, Vice-President since 1947, have been named Chairman of the board of directors and President, respectively. Mr. Kennedy succeed ■> Clive T. Jafiray, whose withdrawal from the Chairmanship of the board rounds out 20 years of service to the Augustus H. 169, " ' 377. p. S. 169, the proceeds, term will $1,300,000 and notes Mr. . used be remainder the A. their of and stockholders the two on companies, proved such proposal' on Feb. to It Inc. * . * its Dairies, to name Inc., Foremost of one Dairies, " vertible preferred convertible of Foremost sales of stock, into shares 2Vz follows: as stock common Dairies, Inc. and President stock, would in¬ at the rate of such preferred stock, preferred April 1, 1954, 6% share each of first 11 months of 1*948 had net after taxes of $776,884. Paul E. the net of until for in the to stock common $20,869,212 Reinhold, Holders junior earnings Foremost be from increased He states also Foremost in foresees increased York delivery manufacturing, outlets the expects and expenses. John Small, the in of Maxson President the added pre-cooked to its line Food food frozen Systems, field, distribution the .which f that $5,446,000 the for calendar year $280,000 was first 1947, months 11 the In realized, calendar" year The until in 1948 of with from 1948 period compared 1947.—V.167, corporation $2,337,000 1256, p. the for net loss of approximately loss of $333,913 fcr the a net a ? , its as Dec. Feb. on President. Corp. .31, and announced 4 Dec. notes 1944, at the 1947, Wood corporation election Fisher its Fisher Industries, purchased Edward of of and Inc., 168, since that total and produced both vehicles 49,112 convertible of time Chevrolet the produced in cars principally to new divisions. Pontiac and January, 99,916 PRODUCTION Month of MOTOR OF VEHICLES BY passenger were Chevrolet—Passenger 37,856 29,042 9,087 21,544 20,177 Buick 22,445 2,103 Cadillac 6.827 & Coach- -Trucks. outstanding Feb. March 10 Dec. 10. and 1947 1946' * 1,519,653 10; $1 a 133,632 115,121 $13.20 $16.06 10 Sept. on paid $1,125,659 77,763 841,839 and 10; 6,599 75,389 declared, were 1949.—V. 11, dividends and 93% $1.25 of 35,800 both share per share per stockholders cents each of $2 the on payable May to 2 $4,170,203 $4.523-,899 i 87,953 79,163 5,095 2,043 33,029 $8,070 $1,607 $51,648 2,790 income 3,565 25,536 inc. (net) per $10,860 $5,173 $77,184 charges. 806 575 1,341 ■ $4,598 $75,843 $1.54 $1.43 $71,031 169, stock v : Years End. Dec. 31- Net Earns, shares per The 1946 $650,311 which sheet $5,670,696 accounts, less Paul 328,441 Secretary. 328.441 328.437 255.972 $1.47 $1.36 $1.87 Dec. on $1.43 showed 31 assets total of Vice-President Merica, Vice-President. director, a There become no change was $35,629,890, of Authorized The • holders of corporation stantially Corp. for of GPU a proposal and of stock of full York held. the with SEC the to annual its funds, borrowed six-to-15-year note used reduce will completed, of sources $5,000,000 a Walter E. Heller, president, told stockholders report, improve tiating be to the company nego¬ is of the loan, borrowings.—V. 168, Proceeds issue. current 1799. p. just of prior to be State State such to early the in shares whose will The the stock common stock. an $5 Court at all issues of Securities Power ■ stockholders vote V. This Feb. Tor on 169, at their proposal a annual split to meeting April on company's the of series 9 to J., N. March. This is warrants a step 13 stock Telephone corporation its ten shares price will be to stockholders in the financial integration program of this company announced early in January. dealer-manager group headed by The First Boston Corp. and including Lehman Brothers, Wertheim & Co. and Merrill Lynch, Pierce, Fenner & Beane will form a group of participating dealers obtain subscriptions for the New York State shares. basis 1,680,568 of shares take will its pected are to run adhered period from of March to.« 20 4 the Telegraph Corp. Television Radio & Farnsworth and of Farnsworth the foim of stock sale a of days is contemplated. This is ex¬ to March 24 if tentative schedules & outstanding. of all the — Plans Corp. ori is expected that It Farnsworth of assets sale sale to it, the the for 5% account income and of the sinking sinking sum of $84,597, 169, p. fund of sufficient fund, bonds due Feb. first- 1, .1953, to and will be enable to replenish to subject the to that company working its approval sub¬ vote and to approval of to certain the respective counsel for of certain The agree¬ the holders to pay capital. by majority of the outstanding stock of Farnsworth, a parties other to as matters. legal The Sterling National Bank & Trust Co. of New York, trustee, New N. Y., will up to 3 p.m. on Feb. 24, 1949, accept tenders for the to Farnsworth advance obligations ment of Sought— York, In announcing this entry field, it was stated that if expects continue to national Canehart I. & T. T. sale the is into and Dealer years.—V. 169, the television-receiver consummated manufacturing operations Distributor built up over many been of p. Fort at the I. T. Wayne organizations & and which T. the have <•.' 603. 603. interest.—V. at prices not to exceed par and accrued Interstate Department Stores, Inc.—January Sales Off Illinois Central RR.—Earnings— 1948—Month—1947 Period End. Dec. 31— Period End. Jan. 31— 1948—12 Mos.—1947 Sales Ry. oper. oper. expenses. 169, 1949—Month—1948 $3,770,365 rev. tax from ry. oper. 5,727,961 6,855,337 4,007,846 accruals . 66,140,392 58,004,599 3,165,819 33,653,074 30,478,386 12 Months Ended Dec. 31— Cr227,647 43,191 2,717,202 3,207,817 income. 3,075,138 2,518,951 29,770,116 24,318.396 137,387 162.191 1,623.253 1,573,660 7,801 8,782 100,475 3,204,724 2,672,360 31,292,894 25,788.845 873,314 881,306 10,343,674 deductions _ charges... 2,331,410 p. sales of Taxes (& Subs.)- 1,791,054 20,949,220 15,039,442 -Earnings— 1948 646,066 690,130 1,124,031 908,239 Prov. 716,525 taxes..__ 656,717 626,742 275,522 earnings from operation... $1,814,436 $1,699,703 $2,198,341 19,671 25,690 28,151 $1,834,107 $1,725,393 $2,226,492 for Other depreciation....... than est. income Fed. inc. Fed. inc. (net).... —— income . Interest and other deductions.... to other 647,141 Inland Steel Co. year Net applicable paid in 1947 for 8,027,541 1,427,584 6,633,572 *2,106,307 1,021,870 accrued pfd, 23,221,000 1,630,163 to : 8,998,150 29,888,558 15,556 897 3,850,000 7,300,000 1,012,776 34,756,899 surplus.-.— of stock earnings issued per and retired in 1946. 4,899.315, $7.88 ■^Including premium paid debt outstdg. share 22,588,558/14,544,121 4,899,315 4,899,315 $6.10 $3.18 and unamortized discount and expense on net income before deduction tBased December, increasing on of par issued 1948, the total value.—V. 159,382 245,678 $973,326 $947,277 stock... net of 109,866 outstanding 169, p. Johns-Manville ______ 18,485,000 38,606,899 contingencies in $15 — taxes. 159,382 $1,027,584 on 1,003,610 Balance of net income transferred Shares 1,033,538 $1,192,955 In November, 1948, the company issued an principal amount of first mortgage bonds, 3% •% to income.......... Reserve 184,458,447 8,285,338 1,639,684 pen¬ i Provision for Federal income 218,756.983 1,035,850 depl._ debt.. payments preceding 592,685 $1,132,708 1946 316,338,565 394,712,845 revenues trust Vacation 578,715 $1,186,966 income Dividends 1947 321,924,074 255,857,849 and sales for deprec., amort, and Interest and exp. on funded sion 453,242 719,485 785,302 taxes. for other 603. Prov. Payment 3,638,427 Maintenance Net Cost 1946 $7,860,774 4,837,149 10,749,403 income 169, 1947 $9,408,029 1948 ... 103,211 oper. Net -V. revenues.— $10,991,486 5,891,514 Operating Provision Fixed -Earnings— Operation Dri______ (net ry. - • Iowa Public Service Co.Net 1949—12 Mos.—1948 $3,807,065 $66=878,419 $62,813,948 ' 206. p. 22,371,928 268,174,957 242,154,670 16,643,967 202,034,565 184,150,071 23,272,308 16,416,971 revenues. Ry. * ___ —V. tNet ~ A',subscription the Federal principal against that an agreement in principle had been reached acquisition by I. T. & T. of the Farnsworth company 6n the of one share ot 1. T, & T. stock for each 12 shares of the secured will be asked two-for-one.— A to authorized by 3% pay defaulted bonds.—V. 168, p. 1362. announced conditions Net to rights would call for a be permitted to subscribe the Payment Pending consummation of the sale, I. T. & T. will make a $1,000,000 6. p. of subscribe to each subscription mailing the of .the this « Hotel Drake Corp., N. Y. City—Tenders on Rights— right officers Corp.—3% has been corporat on Newark, the company's International record of amendment for other ject to its stated liabilities. on on to its stockholders of sub¬ York State Electric & Gas stockholders give Stockholders York New expected would New share determined now filing approval of the offering the common stock of New share fraction for all The one is for has Principal— this ago. Negotiating Loan of $5,000,000 to Be Secured by Note Inland Steel Co. General Public Utilities Corp.—To Offer director, a Secretary since and cont nues as Wiagate, the among Balance This and 1936, S. Vice-President a 2432. p. on trustee District on Notes, accounts receivable and factored losses, stood at $29,825,588 as compared for year Years Ended Dec. 31— application since Henry has in cash. was a and International reserve $31,024,952 D. Executive 1939, $498,833 sh;_ common balance 1937, 1945' 1947 $659,957 outstdg. since since ^company.—'V.' 168, $801,823 1948 President President, Dr. become inc. after chgs. and taxes Common following executive President L- ' -.. (Walter E.) Ileller & Co.—Earnings- in Chairman"of the Board, has announced that on the directors, at the.r meeting Feb. 7, have Stanley, Stanley, 1 6. p. $1.30 rearrangements in the company:1922. a director since 1917, and Chair¬ continues as Chairman of the Board. Dr. John F. Thompson, Executive Vice-President since 1936, and a director and member of the executive committee since 1931, has be¬ the and come capital C. recommendation made $70,393 on 776,2d5 International Nickel Co. of Canada, Ltd.—Changes Mr. 638 $10,054 income-, share . 1,206,105 1.230,008 788;155 $1,31 2226. 168, p. Robert 32,904 , income-. per share common 1946 1947 1948 1,646,152 "789,780 $1.83 Personnel— $38,127 . Gross Earned 13,329 $20,146,560 $19,090,107 $14,975*465 outstanding shares 29,546 taxes Interest Net 688,824 1,982,413 Chemical Corp.—Earnings-^-* & '' .A.-,--— - profit man Misc. 602. 169,. p. (Dri Earnings 35.000 6,602 168,968 share on the $3.75 series preferred cents per $4,151,796 income securities.of securities of $495,231 1,066,743 1582. sales Gross quarterly 183,645 22,279 operating sale in 168, p. —V. • 67,172 2.916 Equip, and joint facility year-end a 629,230 32,955 304,014 — $4,523,899 666, Jf 4 7,821 Ry. 75 722,173 1,973,667 $466,531 880,717 704,304 1,957,284 . 6 Months Ended Dec. 31— $915,329 7,089 601 to $402,631 457,050 Si) (par surplus--—T~i_ Common $97,533 3,316 2,481 $1.25 of March company stock International Minerals 1948—12 Mos.—1947 $107,477 . the $4,170,203 portfolio -V. 69,873 accrls.. Nonoperating Other dividend payable 1948, __ 1,122,346 ; Regular April stock, In June preferred stock stock 1949. declared 7 common 17, " • 1948—Month—1947 5,151 Declares $1.25 Common Dividend— the 462 $4,151,796 Total Light Co.—Earnings _I_j res. oper. rents Feb. in his Net Net cn 14,297 - .__A— and gain -Net 149,028 Total record • $10.63 59 .-jr.— fixtures-—_L„_— 304,014 7,481 16,494 Y.V —_L~ Unrealized appreciation '■ 1,421,115 taxes outstg. Dec. 31— 2,139 directors Net the ol' :0- - 1948 Income 400 __ Canada—Passenger Trucks The be issued 6,773 8,716 Coaches of will amount 14,814 32,366 Oldsmobile 183,645 Undistributed 64,014 31,401 . Trucks GM 1948 1949 Pontiac Truck full ' 6. p. the meet share income exhaust DIVISIONS GM January— $3,962,582 cost) (at 1 Capital 1950. , The trucks. were $3,511,458 appreciation 629,230 and on hand—10,646 LIABILITIES— program, and 76,084 mortgage GMC 169, to bonds of $1,000,000 1950 1949 Hintle & Dauch Paper Co.—Plans Stock Split— passenger 1946 $4,205,586 stocks brokers from Capital construction during $5,800,000 taxes——_____ Federal to and trucks in the compared to 161,044 units 149,028 1947 Total . of bidding.' company's of Feb. 7 on $2,500,000 sell been has Corp.—January Car Production— changeovers in the Of cars of revenues Retirement 942. p. 31 DEC. banks in Due 2119. Maintenance General F. Body $1,500,000 SHEET, BALANCE Entry Into Television Field— Vice-President a of United States and Canada during January, produced in December. The drop in production during January was due model after Haverhill Gas In Mr. General Motors The end Period End. Dec. 31— that was Manager director of the company.—V. a competitive the Years— per Operating Operation General Fisher 95,298 102,658 106,205 1948 Unrealized Cash 169, p. 6.- Corp., and issue at additional an the expenditures.—V. 168, p. when 4, Gar of V "Net Division which time he retired from active participation Mr. General ' to 25 cents per share. Insurance $35,222,487 $32,292,877 $23,154,798 with its operation. On that to to bonds applied expenditures is Gar Wood Industries, Inc.—New President— Motors be before income —V. in Metropolitan area, and that in 1948 it established dis¬ operations in Boston, Washington, Baltimore, Norfolk and Richmond. Pie advises further that Maxnon's sales have increased Fisher expected Earnings tribution to mortgage would Calendar Net 1947 in foods frozen York New authorization Sales —V. Inc., states fresh of $123,795 COMPARATIVE the vacancy fills & Southern Commonwealth for ■ D. pioneer Maxson SEC estimated sold ' a 27,550 $120,219 Hajoca Corp.—Earnings— the distribution for cream Maxson and selling through plant ice 35,810 $121,685 Securities in portfolio: approximately $3,000,000 to approximately $4,500,000. that he New economies board Guardian's the to Dairies, Inc., has stated that as a result of the proposed merger, he expected that sales would be in¬ creased from approximately $5,COO,000 and that working capital would 29,984 ■='$108,722 90,854 ASSETS— the . Bogardus Number of shares that provide terms merger be issued director of a $151,345 31,799 Treasury stock stock of the continuing company of present Foremost 6'/<■ preferred and common stock would receive, respectively, share for share, new 6% preferred and new common stock; holders of present Maxson pre¬ ferred stock, $1 par value, would receive six shares of a new 4/1 cumulative convertible preferred stock, $50 par value, for each 100 shares owned; and holders of present Maxson common stock would receive 1 Va' shares of the new 4% convertible preferred stock for each 100 shares of common stock owned. The new 4 % cumulative con¬ The would and ."•',"227 $156,030 $151,670 $140,521 oper. 4Equal the death last September of August Zinsser.—V. the estimated ■ the Inc. is and major factors in the ice cream and milk business in the East, Southeast and Southwest, would be merged into Maxson Food Systems, Inc. which, in turn, would change Foremost Mr. first involving 8. of trustee Co., $151,118 950 ,' income-— Dividends paid... !_ Co. Insurance and Vice-President Bank subsidiary of The applied 30-year Systems, Indemnity Centennial 1945 1946 $155,080 Gulf Power Co.—Plans Bond Issue— This will submit to March 14, 1949 a proposal for the merger the, respective boards of directors having ap¬ Food Maxson Net Atlantic Mutual In¬ He is also Presi¬ of the trustee a Mutual the of 31 DEC. ENDED 1947 $151,670 bds. Govt. Total income the board of on battery new a • Furniture Merger Planned— Dairies, Inc corporation membership to Deposit Co. of created by the Proceeds Foremost elected and Atlantic Savings Safe Election the director a Square Atlantic subsequent to Nov. 30, 1948.—V. 169, p. 497. This been President is and Co. U. on Expenses Bogardus has and Union a plant v 205. p. Bogardus dent like amount additions made retire to for • 228,636,024 Guardian Life Insurance Co. of America—New Dir.— John vately—The company has placed an issue of $3,500,000 10-year 3V4% notes with two insurance firms, viz: John Hancock Life Insurance Co., $2,000,000; and Travelers In¬ surance Co., $1,500,000. • short $ $ . 12,303,362 233,904,548 directors. Fitchburg Gas & Electric Light Co.—Places Notes Pri¬ Of $ * 12,139,512 surance of fjj t —V. corporation, eight of them as President, the balance as board Chair¬ man. Mr. Jafiray will continue to be a director of the corporation.— V. • Sales__ - 1949—12 Mos.—1948 1949—Month—1948 of Inc.—Earnings— MONTHS 12 , 204. p. approximated 1948 year construction power Insuranshares Certificates, $91,530,577 $7,987,965 $106,574,373 $9,331,035 1 —V. Telegraph & $223,826 602. p. Sales —Receives Temporary Loan— International 169, during is proceeding facilities, and open hearth improve¬ ments which, when completed, will increase ingot capacity to approxi¬ mately 4,0l 0,000 net tons annually. Facilities for the > production of tin mill products will also be expanded and improved. Newly acquired and existing ore and coal properties are being developed to provide for the expanded raw material needs of tlie company and. the new ore carrier which will be needed to transport the greater quantities required will be ready for use during the 1950 season. Distribution laciliiieo are also being expanded and improved.—V. 168, p. 2226. . Grand Union Co.—Current Sales 16.8% Higher— Sell Assets Farnsworth Television & Radio Corp.—May See 1948 $71,201$240,229 $73,813 coke of • —V. bonds.'—V, 168, p. 2541. 6% five-year $100,000 v revenues '... Work $32,000,000. Month of January 1949 - ° 1948 End. Jan. 31 1949 company expenditures' NOTE—Capital Georgia & Florida RR.—Operating Revenues— State¬ Ltd.—To Withdraw Registration Erndale Mines, ment— appropriated for reserves .for contingencies for possible future •inventory price decline. the week ended Feb. 4, amounted to 164,128,903 kwh., an increase of 9,866,110 kwh., or over the corresponding week of last year.—V. 169, p. 602. The 3, 1949, the System input of subsidiaries amounted to 73,639,000 kwh.; an increase of Feb. CHRONICLE FINANCIAL & Weekly Output Increased 6.4%— Light Corp.—Weekly Input— & ended corporation 11,081,000 COMMERCIAL THE (700) additional $3 000,000 series due 1978, and additional shares of common stock, common stock to 769,065 shares' of 603. Corp.—Annual earnings in 1948 were Report—Consolidated $15,440,475 or $5.22 per share stock, compared with $9,486,633 or $3.23 per share in 1947, according to the annual report mailed to stockholders Feb. 7, by Mr. Lewis H. Brown, Chairman of the Board. The 1948 earnings were equivalent to 8.90 common in the sales dollar. "In the beginning was 1948, year of the produced," which marked Johns-Manville Mr. Brown 90th the business, stated "Sales a of anniversary record volume $173,458,033, of of the goods compared Volume 169 Number 4777 COMMERCIAL THE ■: • FINANCIAL & - ♦ • with $133,885,412 total dollar Before in 1947, were kinds, also 1948 at profits." taxes $10,404,312 All taxes in than 1948 level, as were -',•■• all of more record new a in earnings $28,083,217, were 1947. amounted which h was y ■ sales facilities new in, 1948 added due were under in large expansion an part production to War II," Mr. Brown says. "Compared with 1947, products Feb, it of increases in Johns-Manville "For the country in the The there was payroll in 1943 was $66,063,575, cents cents or were "There Mr. no Brown tinued hour per hour per a 6%, or 11.5% The comments, type prewar at that in in the the a Other income Profit before Prov. the from with 20,000. plants with whole, to for seasonal $15,627,678 2,395,227 2,715,664 164,630 311,302 259,194 1,397,885 1,722,106 1 Fed. taxes Federal. 2,706,530 2,974,859 in¬ 475,535 612,048 923,942 The during $53,209,587 in report states 1948 increases The 13.6 *■ 55% states: of earnings "The rein¬ were decision $922,349 $1,110,058 $0.49 $0.59 $1,926,514 7, of National for net the six Steel & Co. Wire (77.62% owned) months' period, after provision for taxes, amounted to $148,543, compared with $224,079 for the same period of last year.— V. 168, p.. 2121. ■ /:/';/7'v •'■■■,. //V///' ,,'7 r:'/ 7 proportion of earnings was made partly because reserves for depreciation set aside during these years, based on original cost of plants and facilities, were inadequate in view of today's far higher Period End. Jan. 31— cost. •"."■■;/■. /.v adopted, as of Jan. 1, 1948, the' last-in first-out method of valuing inventories, but not for tax purposes. This had * the effect-of excluding"from income $*095,000 of appreciation in market price of the beginning inventories. Since this action accom- ■■ plished the purpose sought by the provision in the first "The company of year $500,000 replacement by the and a mining asbestos a mated that the Mr. of latter begun in expansion, 1945 the under and the has raised the of years World War II," Mr. planning reduction, improvement considers the and time CONSOLIDATED what over could expansion to be to Provision for depletion... Provision for contingencies... Federal excess profits taxes.... Canadian income taxes.. & Carryback claims Federal Net taxes for refund (Cr)_ FOR - CALENDAR Divs. Prior 3'/2% on declared Balance to pfd. subs, not ree'd Total J-M of 260,069 3,165,517 ♦Earnings per -"♦Based 3-for-l end at on of pfd. share. common $5.22 ; outstanding May, 1947. in effect and fund the DEC, ' . * 31 '"* 1947 S the junior 7 The Accounts and Inventories Funds receivable notes : 15,596,390 * 21,178,350 18,025,109 • notes, series C & int.) 482 : 2,752,820 refund of excess profits taxes. Carryback claims for refund of Federal taxes 2,871,299 (at cost Postwar Fund for workmen's tProperties and Investments in Miscellaneous Prepaid and plants and (net) advances deferred to unconsol. subs.. 206,309 1,238,601 1,787,004 charges. . 7.7'77:-" 77 7 /"' 7 LIABILITIES— Accounts payable payable Dividend Federal Other & preferred on Canadian taxes inc. and 1,625,313 obligations taxes 3V2% preferred :fCommon stock (par par no . .7 9,050,283 $100) 64,442 the en- directors 5,607,346 425,000 425,000 1,006,503 7,661,910 7,356,300 provision tAfter for uncollectible customers to reserve for of $720,513 depreciation in 1948 for and after result set to up four present shares in stock for up on basis a date stockholders Feb. as will be common of placing Annual of common about 19% in of the cash discounts- $723,663 in and depletion of $46,544,936 and $43,267,155 in 1947. JRepresented by 2,906,059 shares and 2.905;810 shares in 1947—V. 168, p. 20097 " 1947., in 1948 in 1948 of 1933, capital Jones & Laughlin -- . Sales and tjj oper. revs.... Income from'oper. expenses Subs.)—Earnings— 1948—3 Mos.—1947 ' into interest $ .130,588,685 21.877,197 such later have the of $10 3,558.099 4,306,847 68,047,640 16,131,249 46,180,548 13,193,133', 431.964 1.568,310 1,743.940 3,526,000 18,950,000 11,482,000' Net"income—.—*10,973,134 5,700,853 ♦31,222,451 $2.16 $12.01 119,225,184 $7.17" charges. income taxes (est.) The •'Loss in per of previous com. share. $1,453,492 1948 on $4.28 sale of quarterly Hammond statements was (Xnd.) offset real NC of is require that be. permitted at equal to time a to the choose when four trustee years' "at unpaid under least the Observer CAA Special. Quantity approval announcement effective making record date shares two for amendment. be to 1949.—V. 169; profit before which added.—V. registration of at offer an the which on York share outstanding on the proposal will be submitted to April 12, 1949. The record date held p. to vote at the will in the 1583. close such the under by of the registration Securities Act company, holders on Feb. 15, 1D49, business becomes effective, of or shall fixed Exchange directs, subject to the offering being stock be not quoted ex-rights until. further certificates delivered'after the record date as all the by must company be accompanied due-bills.— by 499, p. • Period End. Dec; 31— Corp.—Earnings— 1948—3 Mos.—1947 Gross operating income, Oper. charges, Including ' depr., depletion, etc.._ $220,771 " : income^.. income.. 1948—12 Mos—1947 $.107,771 77 ■/ , ' 109,745 Net oper. Other ' $718,577 ■. ■■■■■ .' ,. 67,673 " ' $360,175 ; ' 334,174 195,467 $164,708 ,$111,026 $40,098 $384,403 47,808 13,019 77,019 23,365 $158,824 $53,117 $461,422 $188,073 : income.-__•____ • Other charges-(int.; etc.) Federal —V. income 7 3,083 - ______ 33,000 taxes 4,000 income, 168, $122,751 2009. p. .. , , . . Massachusetts Investors This with of investment the SEC beneficial 111,500 T" $47,117 ■ . . meeting was and Federal in¬ company seeking Feb. on registration interest—V. 168, p. 3 . filed of registration a additional an 2227. S. and Canadian Massachusetts Mutual Life Insurance 7 ;■ 7'•„>■;% and in for $256,830,000.. lor deprec. depletion 57,790 199,906 $325,293 of the 8,040,449 34,009,185 with proceeds 3% 1,32^,775 4,767,516 4,437,641 311,303 .1,858,057 1,721,445 and net left assets interest with the will company profit— $4,204,517 credited be during 1949 gain, The last year's rate.. $1,234,396,623 showed a $80,633,848 of earned 3.17% was against 3.13% fcr 1947—-V. 168, p. 153,- a letter-to stockholders, Thomas S. Nichols, President, announced- Feb.'7 that as a result of negotiations with the directors and prin-, cipal stockholders of Southern Acid & Sulphur Co/ Inc., the Mathieson on is contracting Under purchase to terms the of the business agreement, , Principal $2,801,658 $13,953,908 $11,225,419 188,563 82,205 $4,393,080 $2,883,863 568,300 522,327 2,070,549 1,981,402 550,200 465,054 . . and assets Mathieson common of that distribute will stock to * Southern, . of the Southern Acid firm is the production andacid, ammonium phosphate, ammonium sulphate, acid, superphosphates, mixed fertilizers, and sulphur. Ac¬ quisition of this company will further diversify the line of basic chem-_ of business sulphuric - phosphoric manufactured now a by Mathieson and will add to its presentbusiness that is producing satisfactory earnings, the report stockholders to stated. This should,substantially enhance Nichols added. Southern's extension the of its earnings operations prospects of Mathieson for the future, 31, > plants the company 1948, the increase Mr. • are located at Houston, Beaumont, Fort Arthur,. Tex.; Shreveport, La., and Little Rock, McKamie, Macedonia, Ark. sales, of income this per'annum,' continuing .Admitted 29,586.147 467,589 from company was organ¬ insurance policies year-end stood at $2,785,- life , policy operations 1948—12 Mos.—1947 $15,219,352 $12,477,185 $54,588,666 $46,970,652 „ Operating in-force' at 265,000 shares of its authorized but unissued common stockholders. ~ ./ costs, ' $62,857,000 the 39,500 company. Corp.—Earnings- —9,140,486 admin, exp. 1,406,760 Selling and Insurance since aggregated Reports — .. an increase of $154,420,000. $13,650,000 has been set aside for 1949 dividends, an .increase $760,000 .over last year's allotment. Dividend accumulations and company $81,308 r_r_______ etc. received largest amount business 336,056 378. ship, the New Co. '"• Over icals and last year, 1851. beneficiaries _ 1948—3 Mos.—1947 shares 880,000, including group, sale . their 861,255 in¬ ; statement? 1,301,298 v77- 457,293 ___ p. $158,073 Trust—Registers With SEC— 596,331 — U. 30,000 $343,167 Matiiieson Chemical Corp.—To Buy Southern Assets— 1947 $8,858,308 $10,843,720 ......I... provision for :_Zv. 6,755 - Gain— •In faxes.j:.!..-.'. 169, Misc. expected p. Stock 439. 1948 depreciation taxes profit Prov. production is 168, capital that and 16'9, ized each __ Lone Star Cement Mfg. general . company The entitled 169, sales Sale$ for right to subscribe, for a period of 21 days, for capital stock, value, to the extent of one share for each two shares subscription price is to be determined shortly before the is made. •• •'• "•••"•; 'V'. 7 / ■• New finally contingent interest.—V. . stockholders 28, Net —'V, tanks airplane spray same one- Split-Up of Stock— 4, meeting a Net Net the the airplane is following. the the of that'the notice V. Liquid Carbonic Corp.—Earnings— come of , that so an par made years, 2.280.231 Total Prov. income totaled and resulted in a $21,800,000 for net profit of the 12 months approximately ended Net Dec.; $2,620,000. meeting of Mathieson stockholders held in March, 1943, an in the common stock of the corporation from 1,000,000 to 1,500,000 shares was authorized for the purpose of providing additiona!" shares to finance the expansion of the corporation. Mr. Nichols pointed that a major part of this expansion has been accomplished without for than taxes Fed. ' for Prov. . $14,504,108 $11,690,473 (other " income) .Federal " in- ' , taxes 1.030,118 715,441 3,750,000 2,910,000 charges 403,640 Crl54,810 1,064,922 $2,391,022 $1,800,905 $7,618,637 $6,337,424 estate during reported" the fourth issuing these shares.—V. 169, pp. 500 and 379. • Maxson Food Systems, Inc.—Proposed Merger— See 461,647 come Misc. Foremost Dairies, Inc. above—V. 167, p. 435. McCrory Stores Corp.—January Sales 2.74% ' Earns, exception as out 6,914,000 Fed. the minutes The Net $ 96,621,722 446,057,301 350,132,366 15,102,010 of off-season and company's 1948—12 Mos—* 1947 after , Prov. for depr. and defrl. Interest Steel Corp/ (& the upon and stock ' Period End. Dec. 31— matter a Silvaire future, Contingent At • ■ monoplane Sprayer the on, near the senior payments contingent Quarters Ended Dec. 31— come 604. p. . Silvaire immediately very paid. selected Feb. the of at ascertaining fixed incor¬ Corp.—Manufactures New Mono- equipment with in during purposes. start the by resolution, proposed for consideration of the company's stockholders, an amendment to the company's articles of' incorporation increasing the authorized capital stock to 5,000,000 shares without nominal or, par value, and splitting the outstanding stock of priced at $3,595 F.A.F.' Dallas, complete Met-L-Prop, Safe Flight Indicator, chest harness, oversize tires, flaps and full spray equipment in addition to all equipment which is shares outstanding retirement bonds. payment are mortgage 30,096,446. and accounts One 7,364,6b0 47,835,6187 —127,918,394.115,259,356 7 allowable will common articles with offering distribution new the accumulate period End. Dec. 31— ♦After be would bonds on Tentative 39,500,620 Total— receive the on amend McCauley spray used their « 1,137,048 47,845,163 Surplus also Depreciation 7_L: 1,026,319 7,661,910 —_ to Thin 287,016 this of to five directors 1,715,758 value...___ of is value par consolidated for general the 5,010,1557 5,509,382 ____________—____. of stock / to corporation, tandem removed be in original plan, required by the the unpaid contingent interest instead of three years. Another no stock dividends be paid while there are unpaid interest on these bonds. / of 9,414,288 compensation self-insurance for product guarantees, etc for contingencies Reserve ' 64,368 profits for workmen's Reserve . 115,259,356 7,399,286 stock exc. _____________ Long-term Res. 7:77;v7/'/7 and other accrued liabilities. is Lion Oil Co.—Plans for 2,624,829 ' 387,526 127,918,394 voted 8 / Policyholders . * Total this by a be held. bonds. accrue , effective 425.293 52,747,099 less).... or 843,6357 2,871,299 429.812 64,212,360 ... "(at cost investments 8,823,569 649,549 compensation self-insurance of The * 2.720.625 __ Treasury notes & bds. • 802 ___ tax S. Other said made bonds that is 604. p. 18,955,534 : bond to Sllvaire Sprayer, first production airplane evfer factoryand engineered specifically for aerial crop-spraying was publicly for the first time on Feb. 3. spraying, crop 2003, issued new 317,97S $1.12 depreciation Magma Copper Co.—Rights to Subscribe— Among 8,568,187 expenditure, etc: Cash U. : n deferred for and value. par $50 shares of dividends Commission interest $ 13,635,954 two Feb. on Maracaibo Oil Exploration no the report be stock any third" 1943 ASSETS-- Cash cumulative $1,000 a issuance general to are provision to 1 SHEET, of <Among .changes to-the is one which would on - BALANCE receive $1.50 the Silvaire Sprayer is a com¬ powered by a 90-h.p. Continental Met-L-Prop. It bears a close resemblance to' the Silvaire Observer Special, from which it was developed. While the Silvaire Sprayer has been designed specifically for aerial interest. holder sinking fund consolidated CONSOLIDATED be stock,. with number . $2.01 giving would 317,976 $4.14 ./■/■%; all-metal due bonds, bonds new 317,976 bondholders. accumulations after bond will removing ICC, 2185£L323 $3.23 stock common total before 3,220 30,096.446 and $360,050 share.. Airplane turning the by Co. principal amount $nd a fixed interest rate, the $750 principal amount- and contingent interest. the by general this 24^8627543 ... 39,5007620 ... present split-up 39,500,620"30,0967i~46 stock.. year.. canceled 240,000 $487,683 600,050 1949 designed unveiled rates. owned Trust mortgage $8,802,887 250,900 at Co., trustee under withdraw within six months is to Dec. 28,'46 838,583 169, Total 315,905 22,301,664 24,859,323 bs will "involve of bonds 30,096,446 Girard eight spaced interest RR. ma¬ next be was. Wabash consolidated general $1,000 a a Commission's the hands 2,244.974 ... of common It The of 33.215 ~ redeemed on Surplus new A :•_-_ in 1969 the will stock the in Jan. 24,'48 ♦2.327,815 stock. 426,122 3,989,441 Corp. the mortgage, to are have addition, a stock. 5,836,613 257,581 year of $250 a will accompanied 1.614.149 —— Premium have In of previously of change Lehigh by until postpone securities no the 21% made, contingent interest equivalent of five years' 1.518,010 5.237T23 be of with of about This 1,463.889 5,811,935 Service beginning issue, Each .holder • 196,139 5,451,000 2,403,272 ... from at 492,529 stock consolidated Div. Surplus $71,754,000 other 107.000 97370.959 consent as a means of making the interest on three-fourths of the principal amount of each- outstanding bond contingent upon earnings. will 1,900.000 9,486,633 to com¬ the-• plan becomes, effective because it and the Pennsylvania Co. are affiliated through several common directors and officers. junior a stock.. com. RR. 82,149,013 338,000 30% will beenreached maturities and adjustments the the to Jan. 22,'49 of the Luscombe place 9,660.000 surplus.. of earns, on the system have until-1994, about Co.; subject the 604. company, by reducing the capital stock of the company to $3,179,760, divided Into 317,976 shares of the par value of $lo each, by retiring 10,000 shares held in the treasury. See also V. utility approved »■ 92,049,044/ . said structure 7 for p. Treasury Stock Authorized— stockholders poration standard 1969, -the intervals ICC securities otherwise general consolidated after 1946 400,811 —15,440,475 declared Dividends the YEARS 1947 ... Retirement of The Feb. on 1949, 5, 169, . $3,958,352 ' Lehigh the would Pennsylvania cost when —— earnings of program 2,982,742 ____ After The ...... taxes years/ its holders. plan, that other modify to the Commission Feb. kwh. 11.5%,—V. $16,934,175 $12,883,268 outstanding... can Commerce security five-year, been carried ■■ 450,286 ____ - made be effective made y7;'\/ ACCOUNT plan the turities "the Sales, less discounts and allows— 173,458,033 133,835,412 Mfg. cost, sell. & admin, exps., etc. 140,719,893 112,727.632 Provision for depreciation—___ 4,204,637 3.078.064 Canadian of The Brown 1948 Oilier pany's Under have concludes, Interstate The productive capacity for-another opportune." INCOME - new underground 7/y'' progiam 1948 $3,859,235 ended 40.232.CCO of setting aside $141,000 for additional absorption of inflated'costs of new facilities; The . Lehigh Valley RR;—Plan Approved by ICC— v states, "has entailed an expenditure cf $15,350,000 was made in 1948. It is esti¬ required to complete the program is $6,650,000. company was planning for expansion and improvement effective in the postwar years. These plans have largely out. Now the organization is board four were of •' the 7 604. p. 1947 1949 $3,715,754 - 169, week with decrease a taxes common can completed program per Manufactured sales the compared after engine reduction, Brown that $3,199,043 Inc.—January Sales Off 3.7%— Month of January— Net —V. cost development company, in physical terms, about 35% handled in the peak war year of 1942." "During was-; virtually was the been provision ^^ 1949—12 Mos.—1948 $3,619,224 for company as year, , $1,316,315 pletely which amount "It is estimated of program Center, fibre." program," $53,300,000 of that 1948.7 Included about the V-';;? Research new of "This contingencies, improvement close | of plants, for $242,772 169, p. 207. Lane Bryant, of' quarter the canceled.'*- //V .. The report states $267,461 > —V. Net Net profit profit, . per share (948,597 shs. outstdg.) —V. 168, p. 2226. I Month of January— Sales . $2.52 . . $1.90 $8.03 $6.68'- ' (Ky.)—Weekly Output—• 1,011,500 shares ♦Also The ' 1949—Month—1948. . Sales this plane—vv. (M. H.) Lamston, Inc.—January Sales Up 10.2%— . of profit Earnings retain to 2,715,001 , taxes.. Net Lock Mid-States of 11,019,84(> 633,216 . 169, p. 604. before income Income $1.03 this replacement Profit Dec. profit 44,998,100 9,482,576 $3 007,142 Lukens Steel Co. (& Subs.)—Earnings— Co. (68.43% owned) for the Six 31, 1948, after provision for taxes, amounted to $1,373,231. This compares with net profit of $1,348,134 on the same basis for the corresponding 1947 period. The 48,164,043 7,174,308 ♦2,190,366 output 1 $0.95 • 47,783,140 5,142,759 "4,233,148 Three Months Ended— sales cover profit ended 52,671,314 railway Net 1,048,345 $1,782,587 7 on shares- net mcnths averaged averaging 1,875,000 "380,052 income..., Electric Common Net profit— Earnings per share V; /y//, •>612,352 '♦45',326 eG3o',C02 $3,580,343' railway...... oper totaled $15,314,968 1,580,759 141,347 402,552 Louisville Gas & Electric Co. 1948—6 Mos.—1947 $8,570,218 1945 152,051 ♦785,117 35,451,000 kwh., corresponding week last 1,233,254 taxes come plants during the year," r labor relations showed con¬ 1948 1800. p. $8,425,591 operations. from ♦Deficit.—V. dismissed by the U. S. District Kellett company's reorganization 1946 $3,841,831 26,684 income... \ ? , Brown ry. 1948—3 Mos.—1947 - Profit company's 1945 Mr. Net The Coldaire firm appealed the decision.—V. 168, Sales prices of . the years business, from Keystone Steel & Wire Co.—Earnings- improvement." Noting vested Net Philadelphia, Pa., on Chicago for $450,000 and for the return of $40,260 to be.used for production of 1947 $3,964,290 January 1— Gross of , originally during the were Philadelphia Period End. Dec. 31— . . of at From at Corp. -v.,* building products. In falling off in demand for including home insulation the "On claims proceedings. sections railway railway..: ry.. oper. and was compared • two - 1947. in strikes some compared Employment at the end of 1948 wage increases in United States that 8.2 be industrial many year years company's building, products types of shingles." certain 1947. the to appeared for of Appeals Coldaire of Kellett Aircraft Corp., for manufacturing tools Kellet after year, of Court claim 1948 from from Claims— on refrigeration cabinets. : 9.6%. average pa.d 12,500 Court the During the on number a what of moderate. were Circuit S. the against from • advanced in demand quarter of some time experienced last and products first fluctuation the general U. rejected 9 damages showing increases in physical vol¬ ume of 10% to 18% included asbestos fibre, Transite (asbestos-cement) pipe, magnesia and Superex industrial insulations, Marinite and Marine sheathing, asbestos shingles, and asphalt and asbestos roofings. Pro¬ duction of insulating board products increased 40%. "Price Third The > Corp.—Upheld 5 Long Island RR.—Earnings— December— Gross Net Kellett Aircraft shortly begun program World (701) } Net outstanding at the end of 1948, compared with 2,905,810 shares at the end of 1947. Dividends of $3.50 were declared on the 3Vs% cumulative preferred stock which was issued in 1945. "Record - quarter by sales'of other fixed assets at'a profit. tReduced $3,158,407 from amount previously reported to rellect the application of vacation wages and other costs determined in 1948 to have accrued in 1947. tAdjusted.—V. 168, p. 2120. : — . stock common CHRONICLE • to $12,642,742, including $9,660,000 levied on United States and Canadian income. In 1947, they were $8,192,272, including $5,789,000 levied on.income and excess profits. Dividends of $2 per share were paid on the common stcck in 1948r compared with $1.40 in 1947 after adjustment for a three-for-one split of the common stock in May, 1947. There were 2.906,059 shares of • ... Number of —V. stores operated-!;— 169, p. 110. 1949 ' 1948 Higher1947 $5,947,644 $5,789,302 $5,518,922 202 198 139 , ' Month of January— Retail —V. ' 1948 $3,511,904 1949 $3,857,217 " ' sales 1947 $3,510,131 The Stores, Inc.—January Sales Slightly Off— Jan. 31— 1949—Month—1948 1949—12 Mos.—1948 Period End. A •- \ '' ' " ! • V. 169, .',"y 207. p. , , $ ' !. Dec. ■ ■. 1949, This approved have directors ;The for 1946 __ _ budget of $5,500,000 construction a Brown, President, announced on Feb. 10. is owned jointly by Consumers Power Co. Eastern Pipe Line Co., with Consumers owning A. J. and the company a 75% natural gas brought from the Southwest by Panhandle it to storage fields in north-central Michigan. In winter months the gas is taken out of storage and delivered to Consumers Power Co. for distribution in its service area of 254 Mich¬ Panhandle receives and pipes It 'interest. high inch 20 The 1949 miles of is construction of 61 from Freedom Junction in program pipe line pressure Southern fields during 1949 to facilitate the storage, and ten exploratory wells Refine the outlines of the fields.-—V. 165, p. 339.., ./.v. Lake storage Cranberry Of eligible not' share corporation .may :the current The is limited totals issue shares at $6 per share. Purchase the company and payment may three-year period. » company Y.—V. N. inc. 1,693,730 Dr659 2,407 $1,485,004 $2,643,136 $2,844,729 tax 290,208 111,619 195,047 602,741 281.089 1,004,568 at Balance $1,045,924 $1,373,384 $1,845,348 $1,559,073 ' . secur¬ on profits (est.) paid. ities 3l__ Dec. COMPARATIVE BALANCE SHEET, DEC. hand at cost bonds in portfolio (at avge. cost.) in National Aviation Research banks and In U. Govt, S. Investment Co.—Stock Issue Approved 75% Corp., Feb. 4 received SEC authorization to make an offering of 59,090 additional shares of its common stock to its stock¬ holders of record Feb. 3, 1949, the subscription price being $21 per interest to charges 50,000 (at cost) receivable 50,000 « 17,220 6,215 1,191 583 $7,710,285 $4,976 ican (its proportionate part) v 2,386,373 2,386,373 4.139,369 4,139.369 financing Proceeds of the stock and bond sale and other purposes.—V. 168, p. 605. program. construction for used are to be Receive Bids for Bonds— Monongahela Power Co.—To The the purchase of $6,000,000 first by the company 12 o'clock noon has invited bids for company due 1979. Such bids will be received 50 Broad St., New York, N. Y., up to mortgage bonds Room at (EST) 901, «Net from Gr6'ss Net —V.. 169, 5,'830,859 2,683,385 936,808 2,868,358 4,080,661 oper. ry» 4,252,404 1,490,972 . 1,653,799 —V. Mountain States Telephone & Telegraph Co.—Earnings 1948—Month—1947 1948—12 Mos.—1947 Operating rfrpe ..operating Operating $6,609,038 $5,667,867 5,438,512 revenues 51,359,865 5,154,215 57,923,967 s'' • Net '•'Net charges 169,' —V. $676,729 $379,021 $7,665,890 $3,178,052 506,788 income operating after 283,374 5,698,911 — National Cylinder Gas of January— - 6.22%— $8,490,803 Stores in operation V. T947 1948 1949 <- . $7,993,684 $7,001,090 210 — 209 209 — 169, p. 208. Mutual Investment Fund, Inc.—Annual Report— Years Ended Dec. Dividend- income, $35j757 /> Expenses- ,• $42,000 , 9,991 10,337 V 1946 1945 $36,798 $42,101 1947 1948 31— etc,-.. 1,373,384 $7,346,156 .12,145 . 12,270 $29,830 Maryland 140 New $25,420 $32,009 $24,653 170 taxes 170 155 taxes 138 161 490 25 617 819 ,608 Net taxes income Net ^Earnings 0 share common per -S^ies CONSOLIDATED sales Net of Cost 13,308,935 144,601 profit Operating income 9,573,146 $1,510,598 228,406 $1,953,519 256,765 $1,739,004 568,021 $2,210,283 1,140,356 $1,389,989 1,036,095 $1,170,983 $1,069,927 income income tax.. ' ,■■■ Income Net 25,178 82,500 on $6 on common Earned per % pfd. stock.. Divs. com. .______ ____— 405.000 93,300 $2.60 share. in stock $24,495 $30,859 $23,399 fBal. of AS OF SEPT. BALANCE SHEET banks 188 ■ distribut. Distributions payable v * » paid 30, 1948 income the of LIABILITIES—Accounts paH^ 'and accruals/$943,487; reserve for income taxes (less $124,954 U. S. tax anticipation notes— $570,398; deferred credits to income, $200; reserve for con¬ water 1948 as Other The "to asset $12.91 value at Dec. per 31, at- market, on $140,095) , . accrued chased, total, at market, dividends $259; management for surplus, $2,391,780; $450,000; and as dis¬ owned DEC. 31, $139,826; 1948 Jan. but not number at Jan. 29, of stores 1949.—V. Neisner Brothers, (cost $401,521) in subscriptions receivable, delivered Days End. 29, '49 Jan. 31. '48 Jan. 25, '47 operation decreased from 700 in 1948 to accrued of assets, p. 1948, $3,821; and Br 1,267 21,807,458 5,471,450 23,904,038 6,167,643 16.336,008 17,736,395 2,876,020 2,876,020 13,459,988 pfd. stks. of subs. cos. on income ... 14,860,375 Earnings per J. Earle 2,424,025 12,436,350 $1.15 $1.30 share common President, stated that the decline in net revenue mounting cost of operations which were accentuated by a Machold, to due was Corp.— 2,424,025 11,035.963 requirements on pfd. stocks of Balance increase and by severe drought conditions in 1948. The materially reduced the output of* hydro electric stations, increasing the use and cost of coal and purchased power. However, Mr. Machold said, recent rainfalls have created the largest wafer reserve for hydro generation that the System has had at this time in many years, thereby substantially increasing the kwh. generated general wage drought thereby by the 80 System hydro electric plants in northern and eastern Hydro electric generation in these plants in January, 1949, New was kilowatt-hours, or 118% greater than in January, Machold stated that the Niagara Hudson System is making million $1,417; expenses,. $832; accrued total, sales 2227. investments 1949 $3,173,156 1948 $3,034,731 1947 $2,587,640 the year ended respectively.—V. 168, power and to its expansion program to take care of provide additional reserve capacity.—V. in The corporation meet to its demands for 169,' p. 606. Corp.—Borrows from Banking Group— has borrowed $6,000,000 from a seasonal cash requirements," "usual Co.—Earnings— % 3 Months Ended Nov. Federal profit income ' 30— . , , on 1948 ———— . 1947 $59,540 ■ $44,428 22,625 tax'.;.———i-_i:——I;— 16,883 $36,915 $27,545 Operations of the Canadian subsidiary, unaudited, before taxes for the three months' operations ended Nov. 30, 1948, show an operating profit (Canadian dollars) of $4,918 (same period prior year showed an operating deficit of $1,625). Net profit after provision for taxes Net is profit— estimated at $3,443.—V. 168, p. • 1365. — banking group Henri Sadacca, announced on Feb. 10. ... ■ ■ . • ■ The present loan, he said, is payable on or before Jan. 31, 1950. Since Dec. 31, 1948, the corporation has reduced its long-term debt $400,000 to $3,600,000. "We are planning a lower price level for our merchandise in 1949 to stimulate sales and have geared our manufacturing operations to this program by effecting changes in operations which should result in substantial economies," said Mr. Sadacca.—V. 168, p. 2545. President, North American 111. Nestle-LeMur Operating overload during p. Qn $609,289. of aggregated $219,745 and $241,411, 169, great progress H. Kindelberger, bonds pur¬ deferred charges, $329; interest commisreserve for Federal income tax, $617; capital stock ($1 par value), $46,949; paid-in surplus, $671,110; security profit and loss account, Dr$ 117,472; undistributed income, $3,312; unrealized appre¬ 31, Inc.—January Sales Up 4.56%— of January— (cost ' NOTE—Purchases —— — requirements Crl38,744 23,905,305 Dr4,869 .1 Noma Electric Days End. 169, p. 380. sales —V. cash in hands of custodian, $60,055; $1,792; $609,289. ciation 1,804,405 16,171,644 Crll5,089 — deductions Divid. 3 Wks. & 3 End. $20,754,957 $21,696,091 $13,388,714 — The 659 Net custodian by purchased securities receivable, held and sion, $120;; Dec. 10,287,700 586,431 8,197.000 584,802 1,886,180 17.193,445 21,812,327 appropriation Balance Chicago—Sales 4.34% Lower— 4 Wks. & 2 $13.71. at Dec. 31, 1947, share depreciated from LIABILITIES—A,ccrued. reserve — income Mr. Sales' sale of securities. remuneration BALANCE SHEET, $405,612; income income Gross 1948. for pension and (par value $1), total, $5,974,629.—V. 169, p. 208. including inventory, $1,423,773; reserve retirement fund (contra), $194,992; common stock tingencies Month t. —- diversion Emergency 269 1948. ASSETS—Securities — taxes about bursing agent. • — charge York. 29,476 23,521 29,040 47,546 profit or loss year i. taxes State contra) 4 Wks. ._ ^Exclusive taxes income York New Dividend $124,954 applied to tax lower of cost or market (less $223,793 reserve for markdowns), $2,216,688; notes and accounts receivable—trade and miscellaneous (less reserve), $133,253; furniture, fixtures and leasehold improvements (after reserve for de¬ preciation and amortization of $809,168), $579,706; deposits, public utilities and sundry assets, $1,428; miscellaneous assets, $5,220; unex¬ pired insurance premiums, rent advances, etc., $73,869; pension and retirement fund (contra), $194,992; total, $5,974,629. or y"; The Fund paid the Mutual Management Co. an aggregate of $7,268 during Corp. (& Subs.)—Earnings— 1943 1 1947 /' s ; $•' —— 13G.161.0G9 129,005,041 and depreciation 88,597,404 76,388,300 ' $2,436,867; U. S. tax antici¬ and on hand, C at cash redemption value (less liability—contra), $332,606; merchandise—at income net for avail, 754,112 $0.73 pation notes- series National Tea Co., ... *3,473,586 31— maintenance Operation, Federal Net $28,563 tax for Fed. inc. taxes Prov. 880,394 ' '' .7 • Operating 225,000 $2.38 405,000 $2.40 stock. CONSOLIDATED 34,458,112 33,704,000 280. p. :■ Income , 30,2.0,414 33,704,000 Niagara Hudson Power Other Total 9,306.394 8,426,000 $353,895 5,744 241,172 (net) Federal 39,488,535 5,030,423 $1,389,989 $1,681,749 603,591 _ _ 13,150,221 181,822 $1,440,577 amort.. 13,782.148 227,718 $1,078,158 & 169, Operating revenues 1945 $11,056,436 39,818,172 9,587,758 6,812,960 8,426,000 — 12 Months Ended Dec. : Canadian selling & gen. exps... Other ACCOUNT and sold, nulse. INCOME 1948 1947 ' "% 1946 $14,894,113 $15,520,464 $15,285,561 1,116,839 10,321,101 1,514,707 °1,613,040 income—. "Loss.—V. 1949—4 Mos.—1948 $6,687,565 " $6,118,095 $737,629 $840,743 — 1,005,876 9,770,991 2,958.031 Balance Inc.—Sales— 1949—Month—1948 Period End. Jan. 31— . 38.H12.29G 487,762 /;./■' Net $1.50 $1.90 .... 10,333,339 72,537 income Dividends JEstimated.—V. 168, p. 1906, requirements. preferred dividend After ._ ... . 38,371,696 9,698,454 income (net) oper. Interest deductions. J1948 1947 $25,840,000 $23,057,679 2,670,000 2,135,825 S 96,507,321 402,275,819 355,403,178 72,029,518 310,084,709 233,107,110 14,144,464 53,378,814 53,924,372 915 Jersey franchise tax Capital 105,413,132 83,257,578 12,457,100 Operating expenses.—— $ $ £» Operating 1943—12 Mos.—1947 1948—3 Mos.—1947 Operating revenues Federal bef. Remainder Certificates— Co.—Earnings— Telephone York New Period End. Dec. 31— • $7,710,285 Co.—Earnings— „ ASSETS—Cash (G. C.) Murphy Co.- -January Sales Increased Month Sales Central RR.—Bids for expects to send out invitations Feb. 18 for bids on equipment trust certificates, to mature over a period of 15 years. Bids are tentatively scheduled to be opened March 2. It will be an issue covering 80% of the estimated cost of slightly under $16,000,000 of equipment. This will consist of 11 Diesel-electric road locomotive "A" units and two "B" units, of 1,500 h.p; eucn; 25 Diesel switching locomotives of 600 h.p. each; 38 slainless-steel sleeping cars and 1,100 freight cars.—V. 169, p. 605. , Other Calendar Years— Sales 1,698,451 379. p. this policyholders' meet¬ of Total income Divs. 8,165,315 413,406 493,797 Operating taxes 1,045,925 1585. p. $73,755,172 $59,692,132 4,875.440 expenses 192,709 231,322 26,764 20,778. Now, at the time of .. of the company, the end of the company iV $5,694,631 $73,986,494 $59,884,841 $6,629,816 revenues I/ncollectible oper. rev.i 168, Dr243,127 Dr243,127 — Depreciation Period End. Dec. 31— the strong financial position England Mutual's assets at on "New $997,000,000, . 1,082,217 111. p. share) Total Years Ended Sept. 30— railway income from .Net surplus "7: 8,3l9,'60^ " 5,983,312 8,557;750' railway..._ per (30.800 shares at cost) since Jan. 1, 1938 stock Treasury 130,830 73,277 M ( 87,966 • ,;i,i 1% January ' 279,650 216,888 " < • • New York The 1945 $497,168 342,444 72,325 income... oper. ry; '/V 'Frorn $732,959 301,961'' (par value $5 surplus.. National Shirt Shops of Delaware, 1946 $486,308 1947 1948 $718,225 securities purchased for Capital stock Paid-in Monongahela Ry.- -Earnings— December— Gro.ssr,b'om railway Net tvorn railway'-- accrual? taxes brokers Due 169, p. 379. Feb. 15.—V. on for Reserve and payable Accounts Earned Missouri-Kansas-Texas RR.—N. Y. Registrar—» The Bankers Trust Co., 16-.' Wall St., New York, N. Y., has been appointed New York registrar and New York paying agent for the '2%% equipment trust certificates, 1949 series.—V. 169, p. 605. the was LIABILITIES— Light Co. & Power 50,000 shares 1.948 have passed one billion dollars. allocation of $13,800,000 $12,300,000 1,243 48,741 As owner of 550,000 ;- in maintains the 1948 scale and is $800,000 larger than the amount apportioned last year, due to the increased business of the company. Our total surplus, now $66,455,000, including an investment fluctuation reserve of $16,000,000, was Increased by $5,120,000. This increase kept pace with the gain in assets, the ratio of surplus to admitted assets of 6:6% being the same as at the end of 1947.'* ' Receipts from insurance and annuity premiums exceeded $100,000,000 for the first time. Income from investment brought the total to $133,000,000. : v "Opportunities for investing the company's incoming money in 1948 were more favorable than in recent years," Mr. Smith pointed out. "The average rate of returp* on new investments showed a healthy increase. It is too early to say whether the upturn-Is more than temporary, but our net interest rate on mean invested assets ex¬ ceeded by a larger margin than in recent years the amount necessary to maintain all insurance and annuity reserves."—V. 168, p. 2327. $4,302 2,592 10,049 expense Total shares (84.6%) of the outstanding stock, Amer¬ (New York) will exercise its right to purchase of the new shares at the aggre¬ gate subscription price of $1,050,000. : Qualified dealers will receive 25 cents for each of the remaining (shares as to which they are instrumental in effecting subscriptions, Minnesota also has on lile with the Commission a $4,000,000 bond 5,830,682 issued dividend "The 1947 $260,680 1,551,119 $7,346,156 Deferred share. owned and Dividends on securities, and 31 1948 $325,995 724,735 6,238,020 ASSETS— Cash on company 928,703 Dr641 $1,336,132 Stocks & Light Minnesota Power ■The Dr474,706 Dividends 500. p. $271,617 876,975 £>r307,834 (net) & 169, $156,020 1,559,072 Dr296 Fed. Mfg. Co.—Definitive Debentures .v-'.Definitive 2%$^ sinking fund debentures due Oct. 1, 1967, are now "•"■available for delivery in exchange for outstanding temporary coupon debentures at the Guaranty Trust Co. of New York, 140 Broadway, York, $115,002 1,845,349 se¬ Total j stockholders ;not in default of their purchase contracts on Dec. 31 of 'the years 1949, 1950 and 1951, a pro rata share of 10% of the company's net profits alter taxes, proportionate to the number of ^shares subscribed or held by employees on that date.—V. 169, p. 604. 'New $270,878 1,373,384 1. sales of ■ said: were they ing, than more other three-year President, stated at the in any as in the company's history. Insurance in force of $162,000,000 during the year, and is now This is more than double the amount in lorce at the 1929." Smith 'year issued has company insurance life gain Commenting In Mr. 52,382 28,788 items . /Minnesota Mining $352,787 57,262 23,895 this years new year net a of end adjust, prior years' Net will distribute to employee . $237,177 55,980 15,865 much as $2,610,000,000. ,14,988 $186,847 postwar three largest showed 64,563 18,082 income. at Jan. surp. from SURPLUS 26,252 • the again Co.—New Busi¬ Largest in Its History— in 1948 Second second AND EARNED England Mutual Life Insurance period in its history," George Willard Smith, company's 105th annual meeting. "The $'259,000,000 of new lile insurance 31, 1948, 20,157 $353,523 . expense curities employee-subscribers to share in profits of has been set up as part for the next three years also .of the second stock purchase plan. Under terms of this agreement, the airline the Profit half 1945 $337,799 12,099 expense— ordinary Earned 13,273 for the arrangement An Net Dec, on 1947 % 1946 $166,690 $210,925 1948 $341,424 31— divs. income.— Management Corporate corporation the 605. 169, p. "In time to of decrease a New capital stock in 1948. own of its own stock, from INCOME ORDINARY OF income Total of stockholders of cash from Interest employees and officers of to did not buy any of its Years Ended Dec. Income 3. Feb. on in instalments over a be made 4 movement to .further stock purchase plan, whereby some 450 common —V. comparison with 3,688 a year ago. in STATEMENT employees to' participate in an original issue offered Jan. 15, 1948, in company ownership and earnings, w(is announced by second A number 3,554 was to Employees— rMid-Contineiit Airlines, Inc.—Stock f .' and out of into gas $14.76 it intends to purchase shares conditions warrant. as The Lansing, Michigan, to increase the -company's capacity for transporting gas to its storage fields. The company plans to drill 41 new wells in the Winterfield and the Panhandle lines to Michigan on Feb. 4 week is reported at 260,657,000 cu. ft. 19,514,000 cu. ft.^ or 6.97% below production the corresponding week a year ago. Jan. 31, the Association reports electric output of 67,417,730 kwh. This is a decrease of 3,141,020 kwh., or 4.45% below production of 70,558,750 kwh. for the corresponding month a year ago. „/ • , Gas output for January, 1949 is reported at 1,041,600,000 cu. ft. This is a decrease of 106,727,000 cu. ft., or 9.29% below production of 1,148,327,000 cu. ft. lor the corresponding month a year ago. the for output is 280,171.000 cu. ft. for For the month ended ness corporation time, ago. Gas of subsequent years. However, igan cities and towns. Chief item on the This Share 6,876,253 8,040,237 13,307,198 9,240,918 1947 31, — >. Paid per Paid $290,203 $0.65 15.40 111,619 0.25 18.01 602,741 1.35 Dec. 31, 1945 29.81 1,004,568 2.25 Dec. 31, 1944 20.70 334,856 0.75 No allowances for Federal income tax on unrealized appreciation have been deducted from the net asset values indicated above. Prior to the decision' that the corporation should qualify for taxation as a regulated investment company it had reported net assets after deduct¬ ing such allowances. Consequently, the net asset figure for 1944 shown above has been restated for purposes of comparison with the Dec. 31, Co.—Budget Approved— A-VMichigan Gas Storage year Dividends Share per $6,592,031 1948 31 Dec. ' 7,485,600 119,113,300 113,012,700 7,433,500 Sales Net Assets kwh. production of below Dividends Net Assets ¥ Electric Association—Output— this Association reports electric output This is a decrease of 708,442 kwh.; or 4.40% 16,113,743 kwh. for the corresponding week a Feb. 4, ended week the 15,405,301 of comparable of several prior years were: figures at the close 169, p. 207. Mercantile n Robinson, F. England Gas & New For President, Jan. 28, said in part: indicated value of net assets on Dec. 31, 1948, and Frederick 1949 Monday, February 14, FINANCIAL CHRONICLE & Corp.—Annual Report— National Aviation Sales Up 9.8%- Melville Shoe Corp.—January 1 COMMERCIAL THE 6, (702) Aviation, Inc.—Annual Report—James Chairman, and J. L. Atwood, Jan. 12 said in President, part: - % 1948 fiscal year amounted to $94,782,739, an increase of $74,273,748 over the 1947 fiscal year. Net income after all charges, including provision of $4,000,000 for payment of Federal taxes on income, was $6,779,561. This net income equals $1.97' a share on the 3,435,033 shares of stock outstanding, or about 7 cents of each dollar of sales and other in¬ come. In 1947, the previous fiscal year, the company reported a net loss of $28,259 from operations after tax credits. ' A dividend of 50 cents per share on the company's capital stock was declared by the directors on Aug. 27, 1948, and paid on Net sales and other income of the company during the 1 Volume Number 4777 169 THE COMMERCIAL & FINANCIAL CHRONICLE ' With, substantial financing (than' in Illinois, { on/Dec, If/ 1948/; The compiahydoes .not maintain a regular dividend rate, but? rather declares arid pays dividends. %hen; in the judgment of the-board of directors, • the company's* profit and financial position : justifies such payment. Since 1937 dividends have been distributed 1. to stockholders? in every fiscal, year except 1947, when postwar ad¬ justments led' the-' directors • to .conclude that conservation of cash ; resources -was of primary importance to the corporation and its . stockholders. ' . dhring 1948' filled ... orders the by not reflected in the Net over 1948, amounted to $40,178,687, at Sept. 30, 1947. The cash balance 30, 1948, was $11,307,020, representing a substantial increase the cash balance of $5,219,007 at the end of the 1947 fiscal with $36,608,018 sold its interest in this company on June comprised 1,000,061 shares of capital stock, or approximately 29'; of the 3,435,033 shares outstanding. The stock was sold to the public through a group of about 115 underwriters at a price of $12.75 per share. North American Aviation received no part of the proceeds of the sale. As compared with 29,494 stockholders of record at Sept. 30, 1947, there were 30,835 stockholders of record at Sept. 30, 1948. Motors General The 1948. Corp. interest INCOME CONSOLIDATED ENDED SEPT. YEARS FOR ACCOUNT sales of Net The ' ♦Other parts, airplanes, income i Total sales and INCOME Net income Earned on $6,779,561 ._ 32,514,979 at beginning of the year—. balance of res. for conting— of Provision State Gross income income t$28,259 28,102,758 (before in Earned income of $328,359 and license fee, $143,280; 1947 includes license fee of $500,000. tLoss. f 1947 estimated credit arising principally from carry-back of 1947 net operating loss. Sin the 1947 annual report item this : i adjustment shown was as renegotiation 1946 on *Preliminary.—V. 169, p. inc. 990,000 in S. States Year Ended Dec. 31— Operating 1948 Patents, for operating inc. equivalent 4% 108,650 in $2,260,473 247,916 $1,800,732 $2,508,389 596,536 888,348 $1,620,041 27,135 27,135 1,185,000 in 5',; on common —V. 169, p. SHEET, BALANCE CONSOLIDATED 30 1948 1,072,198 preferred stock stock income to Earnings per Based 1948 corporation Cash shares of 168, $ $ $ United Other trade acets. 1947, $59,904: 105,380,300 27,865 255,343 9,233,230 8,427,043 105,124,957 expenses 7,139,063 6,436,090 1,155.163 1,065,424 79,062,724 13,812,605 67,636,068 taxes Operating revenues net refund claims, principally erating Fed. of from & accrued taxes items— arising 706,754 747,060 inc. on carry-back of 1947 net op¬ 11,150,748 loss and work materials Raw Accumulated costs Investments in progress r-'-_ cngin. serv. contracts—- on i——.— - •Property, plant and equipment Deferred charges (taxes, insurance, Total 83,328,766 10,056,061 272,209 34,357 1,733,999 683,163 ——. 515,982 etc.) 6,746,474 102,861 34,769 LIABILITIES— of Fed. Accrued inc. accrued Other & $3,376,815 exc.i Accrued salaries and Refund accrued in of contracts for accrued Other Progress sales payment loss for 1- 1,300,006 907~814 2,712,696 1,992,044 — wages.. with and and deposits contract in Net 63,689,563 Earned surp. Total •After reserves for and $4,064,120 1948 depreciation and 3,435,033 3,109,938 37,577,024 amortization of $4,423,046 in Stock of Coal Firm compliance mon as a capital contribution to Union Electric, stock is owned by North American, of certain all fo whose com¬ West Kentucky Coal properties and equipment, and for the subsequent distribution of. West Kentucky Coal stock to North American stockholders on a l-for-10 basis. submitting the plan to the SEC, Herbert C. Freeman, President of North American Co., said the transfer of West Kentucky's Ohio River properties will result- in substantial economies and improved efficiency of operation for. Union Electric. He explained also that Union Electric would be in position to construct new power plants in Missouri rather In 1946 5,108,721 6,121,654 5,211,346 expenses— of 9. separate com¬ approximately 1,500 with other firms.— jointly Sales reported exceeded that those the of com¬ the pre¬ the to slightly downward trend exceeded In volume only by were 1946.—V. and 11 had 1948 counter run 1945 Higher— Feb. on in 169, p. 10. 1949 1948 1947 849,130,699 $47,983,127 $44,277,876 on 96,911 127,138 $73,272 $1,302,596 $1,090,206 24,750 28,583 39,196 purch., etc.) $98,022 $1,331,179 $1,129,402 27,771 37,267 to and Canadian Capital earned to shares Gross 168, p. 22,515 2,441 Net ry. This in 44(ooo 634,400 from $657,070 ry. $656,937 694,232 594,288 594,242 $0.01 $1.10 $1.10 California to pany before issue June 828,920 at 30, tubes.—V. will be and/or 169, and V. to shares share. a in the shares to be The ratio held; has from from ry. i-eimburse be the offered of a date r for to . previously be five each used to repay temporary fixed by treasury for expenditures made in from banks expansion.— ■ par tion with The .z •• value the writing with is planning the issuance of preferred stock. The issue is SEC company is Blyth within the carrying «fe Co., The v ■ '•' from ry. income 169, 312,548 717,747 *14,530,667 32,311,073 69,293,118 25,917,224- 87,180,539 607. p. next on two Inc.—V. 168, 100,000 shares of new scheduled for registra¬ weeks. negotiations p. 1948 1947 1946 1945 $715,835 $769,319 $744,149 $614,459 *161,049 *69,095 *109,100 *138,176 *446,914 *306,920 *279,427 *358,296 11,646,558 *320,960 11,432,302 11,044,394 11,314,508 637,856 763,059 2,104,628 *3,243,540 *2,208,890 *1,652,196 *624,040 Income railway oper. income 169, p. ment Extends The of 113. this to air Support— Government of Aviation, carrier through General Jose Villanueva, Minister Peru, announced in Lima that it was extending support only non-subsidized international scheduled in the world. C. W. Webster, Execut've Vice-President and on Feb. 3 corporation, the ■ concerning the » : under¬ 2229. Co.—Improves Portland Office— stated the line, Manager of the financial that details of as¬ sistance being extended PIA have not as yet been settled, but are being worked out between government officials and representatives of the /' airline. question sideration as that official of since March, country's : ' support 1946, designated when PIA air /. Peruvian has for carrier, Mr. "This extension of governmental support," been under con¬ first certificated by Peru was Webster explained. Mr. Webster said, "will at least partially offset the heavy U. S. Government subsidies which have been enjoyed by our t<vo principal competitors—-Panagra and Bfaniff Airways. Peruvian Under and airline a bilateral the agreement, Peruvian permitted to signed Government, operate our between by the United' States is the only company Lima and American cities." is investing approximately $100,000 in new equipment and improvements at the Portland (Ore.) Zone office, it was announced on Feb. 4 by C. E. Briggs, Assistant General Sales Manager, who discompany 3,784,783 999,982,900 903,268,089 822,007,585 936,453,411 167,136,923 113,390,548 76,331,185 152,505;980 railway Government Packard Motor Car 1945 $64,300,576 *39,048,146 railway from The $100 1946 1947 . loans Pacific Lighting Co.—Plans New Issue— company Corp., also <of New $1,200,000 to that the Pennsylvania 5,071,990 railway oper. Net stockholders, as share one on to stock, new com¬ 169, p. 606. The of acquire Peruvian International Airways, Lima, Peru—Govern¬ the ■ , to January 1— General will funds 7,069,904 income "Deficit.—V. authorized . proceeds addi¬ .Assiocifited 10,424,914 railway Net 112. p. Commission common preferred <' directors. The Utilities $100 offered Utilities contribution the $82,065,718 $76,770,690 $66,667,791 ; railway oper. Net announced on Feb. 9 that it has acquired a 50% Tube Research Laboratories of Clifton, N. J., Public 60,000 Pennsylvania Reading Seashore Lines—Earnings— Pacific Gas & Electric Co.—Stock Authorized— The has company parent, 2546. p. December— Gross Gross 111.—Acquisition— Television television 168, Public capital With 1948 "Deficit,—V. Net of it railway oper. Net 428,900 $3,736 surplus Electric Co., Chicago, manufacturers its to sell income outstanding- corporation General cash railway from From interest stock common Issuance— this issue ,*nd From January 1— 6,372 746. Oxford Stock program, to York, for $1,200,000 cash. a provide from from Net share per par parent, stock.—V, 37,192 exchange foreign New authorization $20 its make Co.—Seeks construction for December— discontinued on of of general Pennsylvania RR.—Earnings- plant oper. operations (disc, profit Earnings plan, transfer two an government's Feb. $6,398,463 , filed with the SEC jointly by North American Co., Union Electric Co. of Missouri and West Kentucky Coal Co. provides for the The of SEC latter's will Electric 1947 Normal and surtax interest in West Kentucky Coal Co. stock sales whole. a its shares company $7,551,387 etc. announced, with requirements of the Securities and Ex¬ change Commission under the Public Utility Holding Company Act, this company on Feb. 7 announced a plan for divestment of its 100% further Subs.) sell., 151,535 from Wise., taxes: 3,109,938 32,514,979 in 1947.—V. 168, p. 2545, North American Co.—To Pay Out (& Co. 1948 ship'g, admin, service from common In Manufacturing & ; paid, products, $121,015,127 $86,165,253 - sold, amort profit Total Int. 37,384,586 3,435,033 reached the on with compared owned or President, thus had as the Electric Co. 593,492 12,405 surplus ———————— (accumulated since Dec. 31, 1934) Capital tional Gross 1,190,685 progress. Capital stock shares of $1— and and Other income under received owned January— I— to Net —V. 254,518 1,819,189 — ——;——_—— on 11,978,872 equipment Net rcncg. materials— liabilities contracts. Reserve 12,158,013 12,325,166 $5,333,528 general 3,740,347 connection war 12,249,628 895,964 2,024,277 taxes- profits taxes—— 925,529 960,829 products Deprec. $3,000,000 —— theatres, 650 wine years finance 939,004 income charges sales Fed., payable—banks payable Notes have end theatre Pennsylvania (Electric 12,964,413 169, p. 380. Loss Accounts to reported for dividing the firm into production and distribution Schulte, war applied 3 Months Ended Dec. 31— Net _$121,015,127 $86,165,253 __ Department decree was 169,.p. 208. York, 56,526,768 3,392,968 — supplies— and —V. Cost Inventories—generally at lower of cost or mkt.: Contracts operating after Net Outboard, Marine 97,255 299,526 D. Sales 2,513,649 —— it 92.758.494 Operating (less reserve: 1948, A' notes to 600 Month of 93,041,571 283,077 The $60,0001 Sundry accounts, Estim. $5,219,007 11,710,983 departments* Govt, a industry two —V. 1947 receivable: notes States 14,450,166 (J. C.) Penney Co.—January Sales.2.39% Higher— s 8,454,908 24,885 rev._ firm, The now liquor' and the 1948—12 Mos.—1947 9,258,115 oper. 11,308,020 of films, the other operating firm would also have to substantial number of theatres, ending up with a circuit Co.—Earnings— 1948—Month—1947 revenues Uncollectible 11,308,020 15,481,613 Justice consent a the handle to theatres. Arthur pany's the Oper. 150,000 784,227 2,380,400 2,380,400 Park & Tilford, Inc.—Sales $1.19 outstanding.—V. stock common of against provides ceding year and Ohio Bell Telephone 150,000 / 865,758 1947 . of Net $11,307,020 - and Accounts v decree the and terms wholly 168, p. 2689. $537,349 $0.70 2689. p. 1963- etc 113. p. probably V. $315,968 share—. 450,235 on to insurance 466,971 23.804 1.837,000 12,200,000 $46,409,611 $45,028,724 get rid of Co.—Earnings Lower— taxes common instal. ann. - 23,804 2,043,089 12,200,000 income on $300,000 1,128,134 496,850 pfd. stock (par $100)__ (1,473,039 shs. no par) surplus operate of after $300,000 1,160,076 conv, panies—one 606. Oak Manufacturing taxes compensation agreement on anti-trust suit SEPT. ASSETS— Federal theaters Net $46,409,611 $45,028,724 interest, sundry taxes, etc preferred stock (payable Jan. 15) on cum. The 1947) income on 407,100 wages, notes, maturing in The Net 1 561,953 charges Paramount Pictures, Inc.—Agrees to Separate Produc¬ tion and Theatre Business— equiva¬ deductions Dividends deferred 7,944,995 11,512,691 VI Total $1,591,003 1947) deducting charges reduction tax goodwill™ - Earned 209,729 (before to reduction 245,104 6,274,112 charges (net) inc. lent tax and 77^268 114,970 5,997,543 7,939,757 13,126,497 in¬ on Common stock $1,204,196 Other income Gross to taxes 809,450 81,200 deducting and 428*446 73,837 —_ Reserves for 1,027,073 taxes (before Federal of 3;443,460 271,453 — ^ —V. 169, Net * advances—— Reserve for product guarantees, 831,600 1,155,269 taxes Prov. for State income refunds net Estimated 705,773 taxes) 11,051,034 3,257,415 notes, instalments due within one year_. Accounts payable, trade and miscellaneous 3'/4% 701,400 income income reserves— expenses Total 1947 871,440 than Federal June 30/48 $3,644,508 83,295,973 11,770,209 . at cost 3%% 4,061,973 778,787 (other Prov. Dec. 31/48 trademarks Prepaid $9,804,993 Maintenance Taxes SHEET Investments, etc Property, plant and equipment, at cost- 5,630,222 6,152,821 ;i — BALANCE LIABILITIES— $11,331,920 revenues Operation $1,883,032 81.24 and renegotiation rebates Inventories, at lower of cost or market. Subs.)—Earns. (& 435,432 "$1,962;877 81.30 £0,71 current 990,000 357,333 6,308,370 (Wis.) for hand on securities, less Accrued Co. $1^73,514 80.67 income and come 606. Power net banks and Dividend Northern sh.__ com. Govt, To ( per Estimated $9,606,312 stock common ,490,123 .$1,005,692 Sundry, less reserves Employees, incl. expense 265,201 $9,982,424 on preferred stock, $3.60 series Divids. pfd. stk., $4.80 scr. (issued August 1948) Dividends 7,178,560 Income Trade, equiva- 1 384,423 $8,512,015 $17,271,904 $16,051,684 6,902,179 14,261,982 13,240,008 536,321 1,0.47,043 928,642 Notes and accounts receivable: Operating income credit. special a for provision of U. $13,110,052 $13,294,161 3,127,628 3,687,849 _ Period End, Dec. 31— $37,577,024 $32,514,979 surplus at end of the year includes *1948 621.300 Dividends 1,717,516 1948—50c a share—— 29, 6,007,700 627,600 1947) (net)- exps. CONSOLIDATED 6,121,000 charges deducting 244,948 $8,674,376 ASSETS— 6,858,586 taxes 1948—6 Mos.—1947 $8,267,067 818,887,480 $ 15,616,251 197,015 ____; and Cash 5,865,000 taxes deductions Net $39,294,540 $32,514,979 dividend Sept. 1947 250,279 reduction tax $8,477,360 and previous periods includes only the dividends received from Fibrebo'ard Products Inc. in -which exactly 50% of tlje voting stock is owned. YEARS 7,608,489 taxes) (net) inc. to received NOTE—The operating income (before deducting chgs. equivalent to tax reduction in 1947)--—j— $12,859,773 $13,028,960 Income 1948—3 Mos.—1947 — sales—^—________ Dividends Net Net Other income Paraffine Companies, Inc. (& Subs.)—EarningsPeriod End. Dec. 31 Net Net * 6,420,000 than jncome for Federal Last year Prov. for Fed. inc. taxes $68,716,863 $61,733,804 30,892,909 25,527,997 4,187,093 3,824,261 T Six Months Ended Nov. 30— 4,440,480 Total Cash CALENDAR FOR Depreciation 2,602,673 4,000,000$Crll,700,000 income— the year for surp. {Transfers taxes ACCOUNT — Provision for * Packard shipped nearly 1,250 new cars into, the Zone, Mr. shipments totalled 2,870, and Packard expects "a substantial increase" over that figure during 1949.—-V. 169, p. 112. Costs (Minn.)—Weekly Output— Operating revenues Operation 49.5T7 charges— miscellaneous income and Provision for Federal $94,782,739 $20,508,991 29,602,316 ;—— — ™———-81,603,383 service, & engineering 2,350,258 state franchise taxes, etc. selling, develop, cxps., Interest income- other and admin., ///>,;..:/ /: Maintenance (other ' 1947, Total *1948 Taxes In Briggs said. regulatory of of this company for the week ended Feb. 5, 1949, totaled 67,195,000 kwh., as compared with 63,388,000 kwh. for the corresponding week last year, an increase of 6.0%.- Income $94,129,710 $19,855,321 653,029 653,670 etc.—— -—— sales Of Gen. approvals necessary output Dividends Cost the to Northern States Powep Go. CONSOLIDATED oars; profit of foreign sub. subject is 169, p. 112. He said to do a, wholesale\ volirme -of neaTly-$13,,OQO,OOQ in * parts- and accessories during 1949- In fthe Portland Zone. , v. A two-story building; the structure, contains' 20,450 sq, fta-df. spaed, of which about 15,000. sq. ft. are used for parts,.and accessories storage, 3,000 sq. ft. for car display and the remainder for -second-floor new offices. outstanding. program Electric 30 1947 1948 ; 1 '•;/ Depreciation ; year. 3, securities modernization.program is about ,85%complete. ,7 that Packard expects r, Kentucky Coal Company of approximately $2,": • ■ ,.' ■ • ■, /" ' Within 90 days after the completion of the proposed transfer of this part of the West Kentucky properties, North American proposes to distribute, as a partial liquidation to its stockholders, the entire com¬ mon stock of West Kentucky Coal Co. These holdings, amounting to 857,264 shares, would be distributed to North American stockholders at the rate of one share of West Kentucky common stock on each 10 shares of North American stock held. West Kentucky has no other " at Sept. closed that the of West of '•. "* 950,000. working capital at September 30, compared as company's accounts. books the on authorities.—V. ...VAfter the close of the fiscal year/and just prior to the release of this report, the Air Force announced a reallocation of its pro¬ curement funds "in line with the President's budget message/ nvotving the cancellation of certain orders. The cancellations in¬ cluded approximately $75,000,000 of North American orders, com¬ prising 51" of the 190 B-45 airplanes and 118 of the 120 I?-93 airplanes previously contracted for. Since the terminated units were scheduled for delivery largely in 1950 and 1951, relatively little work had been done at the time of the terminations. However, the terminations and resulting adjustments of the company's production schedules necessitated the immediate layoff of approximately 2,200 employees. Sales for the year ended Sept. 30, 1948, include $52,857,624 under "price-revision" contracts recorded on the basis outlined in the preceding paragraph, of which $29,032,992 is under a contract as to which retroactive price revision has been settled and prospective price revisions arc not expected to be made, and $23,824,632 is under contracts as to which retroactive price revisions have not yet been negotiated. The amounts recorded as sales and charged to accounts receivable for articles delivered during the early stages of "pricerevision" contracts generally are in excess of the billing prices therefor and in the later stages of the contracts generally the reverse is true; such excess included in accounts receivable at Sept. 30, 1948, (based on including in "billing prices" adjustments expected upon approval of open change orders) amounted to approximately $90,000 (net). It is believed that the amounts of sales recorded on the basis set forth herein are reasonable but the exact amounts cannot be determined prior to completion of price-revision proceedings. The net book value of property, plant, and equipment increased by $1,658,969 during the 1948 fiscal year. Gross capital expenditures were $2,069,090, and depreciation of $382,343 was provided during the year. The. cost of the Government-owned facilities used by the company during the year and provision for depreciation thereof are This Is , great importance, He added, iri view of the fact 'that*" for the 15 years through 1962, Union 'Electrlcts construction'/expenditures' are estimated at $405,000,000, of which $232,000,000: will have to be raised through additional security financing. • • V ..." .>. • v. \ % /" . / The West Kentucky coal properties which North American proposes to transfer to Union Electric have an aggregate net depreciated value production 30, 1948, reflecting substantial Government in this period. Sept. on placed $203,000,000 from increased the company'? backlog of un¬ on Sept. 30, 1947, to 1947, with compared as orders' $380,000,000 . . The, company's principal customer during the 1948 fiscal year "the United States Government,: and the bulk of sales to the Gbvernmerit Consisted of airplanes and parts ordered by the U. S. Air Force and U. S. Navy. Despite the material increase in sales was advantages.. 1703) Mr. Webster said it is probable that a representative of the Peruvian Government will be elected to PIA's board of directors.—V. 168, p. 1047. 8 electric of Feb. ended week output 4,397,000 kwh., 169, p. 607. to Bankers'Trust The and its subsidiaries for the 156,952,000 kwh„ an increase company amounted 1949 5, appointed series \ . y.7''/' > v 1947 expense Maintenance j__ 205,266 175,956 30,594 $127,812 revenues— $188,996 23,382 —: oper. 36,000 -c... .-.u.. —— ———.A——7. charges V': 1,723 Net Other lucome taxes 53,872 — income to surplus Deductions NOTE—Starting formed —V. the to 168, Jan. tax income Philco Extraord. purposes. Corp.—Acquisition— Feb. on (Pa.) Co.—V. Tube 169, $210,059 $189,897 $888,258 268,999 137,930 Net income. $178,870 $184,056 $619,259 $221,970 (Cr)_ 104,183 370,515 280,213 70,933 425,440 222,648 557,783 $129,131 $676,824 $431,796 94,466 54,177 326,315 K. S. President, $117,659 $74,954 $350,509 $186,623 inc.— net Feb. pursuant that announced 8 surplus— "Deficit,—V. Based loan term IMew Chemical > , to Discovery— trust manufacture to The is ramie beyond discovery and, in only 5 hours states. of technology "These The first public noteworthy a in -the achievement synthetic rubber production," Dr. Reynolds polymerization systems are inherently of cold of rubber Phillips made by was April l, 1947. In tracing the history of cold rubber, Dr. Reynolds pointed out that chemists have known for many years that emulsion synthetic rubber improves as the temperature of its preparation is lowered. • / . Net v"\ of the was immediate office Rubber of important an Reconstruction Reserve, factor in enabling each advantage of the findings of the other test to the start involving tires member, of commercial prepared Copolymer firmly by Shore the Rubber & of Dr. Reynolds explained rubber that plants "the present production at the exti'emely rapid rate "However, advantage through the use "At may and some time in be can rubber of the government-owned not "designed are costly future," said handle to cold to lower the 169, $1.01 output of the ended increase of 3.3%.—V. 169, p. The directors have payable Feb. ® p declared to 25 of cold Portsmouth Steel share quarterly, of Feb. IVz cents and, Corp.—Earnings Earnings The share Feb. E. the on 15. A. charges have declared This 25 cents share per March $3.03 previously to paid holders each cents of around quarter. double 168, p. a Adams director Since Koons & of was the for six 1907. years United Vice-President States Steel Corp. in of charge of sales and Co. Mr. of New Adams has York.—V. been Delaware. 168, p. with associated ' 1907. Nov. (& Sub.)—Earnings— Charles A. , notes, exps.__[ of common has been made $15,659,000 in 1943.—V. 169, $4.03 for p. U. 381. S. and 269,085 ' '» y 627 inc. on 17,622' 162,039 foreign income $3.15 taxes of fiscal previous the 41,266* 40,044 SHEET, NOV. 30, investments payable, and transferred of 37,066 dividend $37,331; accrued taxes, stock (issued and and (less 149,355 no (net), $146,- U. stock, common etc., $6,946; S. preferred on issue p. City company of the Treasury tax $486,1801, government of will the national security rv\V about / :v of the clause.—V. V ■' no stock (1,650 (6,295 shares shares at cost), of Safeway Stores, p. . , -a at price a in United Stores in Canada 169, p. States ■ at '•••'■ V."'*-.. ' end of end of 1948 $89,759,887 period 5,851,703 2,095 137 period . Co.—Earnings— Net ' income taxes— Fed. Gross chgs. Dividends 168, P. 1804. —. $3,100,313 13,642 l,54o $3,182,859 $3,101,854 , 1,507,482 375,000 1 1,228,059 $1,954,798 special charges)— dividends dividends 615,438 528,807 554,282 422,729 ' 325,466 $1,218,630 $1,080,957 $1,104,042 441,016 390,463 277,462 $1,471,421 $1,381,505 taxes.. . and other ou 148,206 due $1,594,370 375,000 1,240,000 148,205 148,205 $1,245,425 $1,073,130 $881,993 428,176 pld. common 356,814 356,814 $2.91 $3.00 $2.47 stock share 1948 the company issued and sold an additional $1,000,- principal amount of first and collateral mortgage and 71,362 additional shares of 1978, outstanding the 351,306 $1,030,199 shares common per In November, ing 250,085 $1,221,335 * Number of Earnings 266,075 $1,393,631 deductions f accrued common SKF Industries, Inc.—To Equip 170 India A order, for $500,000 locomotives Feb. 8 by H. DeMott, include 170 the 168, roller country said of spherical for bearings of the roller and Works, Vulcan Iron Eddystone, Works, journals the build Barre, 140 of Pa., the others. the 2692. Ltd.—Earnings— 1948—3 Mos.—1947 p. $1,132,815 176,360 643,800 552,565 60,044 198,356 186,656 150,272 135,010 434,453 408,674 $12,283 169, $1,300,777 67,945 . $366,339 205,941 and divs.„ "Deficit,—V. Other for type on the eccentric will Pa., Wilkes 1948—Month—1937 ' *$5,075 $24,168 "$15,080 11. Co.—Earnings— 1948—11 Mos.—1947 1948—12 Mcs.—19.47 $3,774,974 $3,354,582 $4,122,861 $3,660,445 1,724,953 1,423,467 1,851,293 1,535,735 342,227 307,057 349,059 338,307 343,592 288,197 373,892 313,553 inc.) 416,699 343,964 476,940 376,024 inc.— 280,800 297,400 315,800 328,700 revenues (other taxes income oper. equipment anti-friction bearings same on ; $436,441 and maint. Surplus Net the Corp. above.—V. 168, p. earnings..— deprec. State steam 170 announced Sulphur Co., Inc.—Proposed Sale— Chemical Period End. Dec. 31— Federal equip was 1150. Southern Canada Power Co., Taxes to India for 11. Locomotives ' Vice-President, Locomotive p. Mathieson Gross bearings and Southern Acid & See increas¬ engines. Baldwin —V. stock .' sets 2,080 locomotives of this in this corporation. Richard will spherical built be to bonds, 3% trust common stock to 428,176 shares.—V. 169, p. ,,;%/■:' i; ;' Operating $3,169,216 __• (inch 296,812 299,951 703,431 a income 16,295.244 18,704,193 _____ income Common inc. income Depreciation _ income Preferred 301,925 $4,265,706 1,785,675 224,901 337,762 " taxes (net) Maintenance — income- deductions 1946 $4,919,575 2,241,667 258,830 $3,386,408 „„ income Operation 1947 1948 — operating held. - 1947 1948 ■ earnings $21,873,410 $19,395,558 revenues and Corp., supplied by amendment; whereupon Penn-Western will be cancelled.- be Southern Colorado Power expenses the new the holders 66.32%) would $1,653,706 Fed. 2,241 141 — Years Ended Nov. 30— operating par). ($5 of of the outstanding com¬ which is to be resold to 62.38% own „ Other income Int., 209. San Diego Gas & Electric stock owns 2,265,377 Period End. Nov. 30— Operating to which have would company each share of IPS common depreciation Taxes 6,520,247 1949 at City, for Service ; estimated for Operating $86,851,537 _____ Stores Sioux common together IPS than locomotives produce military equip¬ The lease is subject to 252. ' '■•*':■ . sales surviving shares of common : other Taxes .... of Plant— jlnc.—Domestic Sales Lower— sales Canadian the also, Pcnn-Western Provision, for rods 4 Weeks Ended Jan. 29— Domestic cumulative "3.75 2,C00,000 than new assets preferred stock of preferred stock" cumulative 3.75% of liquidated and their by, Sioux City. and assumed share-for-share basis. a 42 Mos. Ended Dec. 31— on 1259. property to Air Force. 162, would out¬ existing contract relations with savings $1,000,000. the use Department its Comparative income account $232,289; in inventory values, par shares), $2,649,150; a corporation for on of (other and that and Federal government-owned aircraft parts plant in Chula Calif., has been leased for five years to this corporation. War Administration announced on Feb. 8. The rent is $5,132 of all common would receive 2.2 shares share of common now outstanding; and each stock shares), $149,355; earned surplus treasury common company and loans City share mon of series proposal, merger common Sioux all surviving bank Co., dissolved shares new a Sioux for common IPS its liabilities ($100 par), the of be their 42,500 authorized total of would receive pay¬ 1933,; $3,985,172; preferred treasury stock Dr% 152,766; plan 4 and '• decline 100,920 par on interest, accrued possible (issued the upon Sioux City would acquire the securi¬ which thereafter would be dis¬ Service Balance assets, dividend $45,257; cost hearing for The Co. including the merger, Public Co. City Under a Service IPS with to, of will Sioux Holders reserves 1948, C—at date the as liquidated and its assets transferred to and its liabilities Sioux City. Also, South Dakota Public Service Co. and Gas IPS of Nebraska by 1948 other and $640,404; income—estimated on 8 $123,987 plant leased consists of 13 acres of land and improvements, including six buildings with a combined floor space of about 250,000 square feet. The property had an acquisition cost —V. the 15. ended Feb. 28, year.—V. 168, year Electric Co.—Hearing March 8— March Public debts connection of Net BALANCE contingencies portion Net fiscal bonds. Yankton plant $3,477,369; 15, 1948, stock cost), Net for the for $1.50 of $1.20 fixed Iowa the assumed 76,458 $262,901 (est.) of property, preferred common —V. cents per share 50 6,825 $30,401 series for Gross stock with has to name solved 2,043,978 319.559 J incl. above amounts to 15, $500,000; the of $2,520,333 $3,381,597 2,354,595 1947 $25,938,043 $20,257,421 Provision 7,531 2,163 9,883 '1' taxes tax Vista, dividend extra an Maintenance $2,512,802 $3,379,434 $2,392,736 . 1946 1947 1948 30— general inventories, reserve Other 1948 profit dividend Operation 2,636,470 and payable Dec. Income six Months Ended Dec. 31— Per share share, y 1945, $1,154,274, or 30, 1948, for the' quaater ended Sept. sold deprec; Dec. A 169, p. 209. Co., Inc.—V. & * property, plant and equipment (less Total Procter & Gamble Co.—EarningsNet 1803. p. This of taxes, common per expense Canadian Avery C. Adams, veteran of 30 years' experience in the steel industry, has been named Vice-President of this corporation, E. A. Schwartz' President, announced on Feb. 11. Mr. SEC series : net period last year."—V. Ended LIABILITIES—Accounts per President, stated: "The corporation is operating at earnings for the first quarter of 1949 are running $2,000,000, or approximately $1.50 a share, which is about tne $1,028,545, or 79c per share, reported for the corresponding and its $8,091,513. record Schwartz, capacity, goods for ment $3,944,969' 1 ' into this company of Iowa Public Service Co., Its subsidiary. Upon consummation of the merger proposal, Sioux City would change Dec. "31, stock. common months : income Assets 1947 quarterly dividend of 37Vs payable announced was for merger its sub¬ monthly in advance. The portion of the $4,511,550 a stock, $1.33 after three Rohr Aircraft Corp.—Leases Part $3,54 common declared Sioux City Gas & The 000 to share__ per directors three profit, the .i admin, The all organizations sales Schenley quarterly dividend of 10 cents per share on payable Feb. 25 to holders of record Feb. compared for depreciation and amortization of $2,213,942), $1,879,519; deferred charges, $41,692; total, per Higher—Dividend 1948 after credit for refund company and months ended $2,402,618 of Interest 15. Previously, in addition, extras' Calendar Years— earnings "last in-first out" estimated Dec. 31, at of the the Total 060; Increased—New Vice-President— Net $2.00 outstanding of net for 168, — $943,942; CCntS CaCh WGle Paid °n AUg' 26 and N0V' 26' 1948-—v- 168, 2012 1,137,149 $1.90 Quarterly Dividend dividend record 608. both total receive x>ne for share 1947.—V. —since May 31, quarterly a 1,584,024 1,137,681 subsidiaries, Dr$l,625; total, $8,091,513.—V. 162, stockholders cents per $1,518,031 CONSOLIDATED served 7 ^2-Cent 1,398,789 replacement of for three consolidated 31, and equip, 607. Plywood Inc.—Declares "3,638,967 1,137,681 after taxes, per income Selling, at snare, to $1.33 Months sales Cost GR-S of continues to serve on Corp., Overseas p. 1734. p. . rubber by this corpora¬ tion for the week ended Feb. 5, 1949, totaled 267,583,000 kwh., as' compared with 259,049,000 kwh. for the correspcndiixg week last year, an 1949. have regular stock, Interest Co.—Weekly Output— companies profit, share, $1,508,367, or Dec. stock, operating 3,669,242 tlncludes $109,205 special common with Net Dr. Pioneer Service & Engineering: • taxes, prior years. net amounted per and able Electx ic directors brings In a 607. p. '•*' $2.34 and company equal to compares with cold Reynolds, "full advantage be taken of the i*apid system now available through the designing-' construction of plants capable of handling the extremely fast reactions."—V. This ties 1946 ASSETS—Cash, $1,602,931; trade notes and accounts receivable cost 169, w.th Melrose Finch & Co. the assume $2,672;905 * $2,239,997 $$2,164,314 __ $1,000,000 Fed. & Canadian taxes ingredients." raw of franchise sidiaries permitted by Diox. now taken of Diox less for Consolidated Prov. synthetic fiber and $32,645,677 $26,700,504 1,831,717 share common replacement costs.: 1946, of State Other rubber. type taxes.— outstanding provision Three tire Co., processable Sales and (W. A.) Shaeffer Pen Co.—Extra Dividend of 50 Cents Prov. comprehensive a Tire merit S. The products. yarn • , groups. production, Lake established income —A——— shares profit per Net take to Motors three of Operating revenues Soon after the Phillips chemists found that cold rubber compounded into tire treads using the new type of high abrasion furnace black produced better treads, the Copolymer Corp. went into commercial1; production of cold rubber in the government plant at Baton Rouge, La. Prior State Robbins & Myers, Inc. Finance Cor¬ group and State*' -:' __"u__4.504,622 profit "After government financed most of the American woi*k, but a part of it/'such as the work at Phillips Petroleum Co., was financed privately by Phillips Petroleum Co. The exchange of information made under the auspices of machinery 1947 $29,464,560 1948, However, the practical manufacture of cold rubber was not accom¬ plished until rapid polymerization systems were developed that would produce the rubber in a reasonable length of time. Advances in rapid polymerization were made in Germany, England and America.-* The poration,' and inventory announcement Vice-President by John L. Leban, President. 4 Holders Net fast as the synthetic rubber system we were using as other and 1948 taxes Common emulsion Diox perhaps. 300 times during the war." marks Diox Feb. Joseph (& Subs.)—'Earnings— — 'income with Diox ,as contrasted with 25-30 required previously at that temperature. "'•/ ■/% /v:// "The on cloth into Reeves Brothers, Inc. Federal hours General of directors.—V. of standing rubber science board Consolidation .... 144.13 the sales be made the 2,469.58 states it has on hand 22 tons of raw ramie experimental stage.—V. 169, p. 381. company now fiber profit before Federal can , years follows: as proceeds will be utilized in the acquisition Net 14 Sales Manager for 15 years, has Prior to his association with director. a for,, many was (par Net made at be this, company Products Corp., Pittsburgh, Pa—Stock Offered degrees, rubber can he the Vadsco Corp. Vice-President and fahrenheit, In only 75 minutes in contrast to the usual 12 to 16 hours. At the extremely low temperature of 4 degrees below zero fahrenheit, cold 35,626 $295,782 Tinkham, President of Technical Munagers, Inc., and formerly W. T. and President Manager of $23.53 6 Months Ended Dec. 31— Reynolds, 1949, securities "preferred share, $50 par——: 314% bond——— conv. The jriitial ""Diox." According to Dr. 31, Jan. outstanding corporation is offering 72,855 shares, of common $1)3 at $3 per share, according to an an¬ nouncement on Feb. 7. There are presently outstanding 206,145 shares. , ; * ' ' stock official an of as its —This ; . V __ consolidation, designed to coordinate sales activities for several differently pr.ced brands previously distributed by separate organiza¬ tions, merges the lines of Three Feathers Distributors, Inc., and the 169, p. 203. Ramie announcement, tire treads superior to any formerly manufactured have been developed through the use of "cold" t-ubber and a new type of high abrasion furnace black. : Dr. W. B. Reynolds, ox this company, in an address before the Wash¬ ington, D. C., Rubber Group on Jan. 25, said that a recent chemical discovery has now speeded up the cold rubber process tremendously. The new "speed up" chemical, discovered by Phillips chemists, is called According collateral notes remains available. 000,000 stock——_ common Vice-President and Katz, elected corporation, common payable in installments,, with the last installment due Jan.- 15, 1955. A total of $35,000,000 has been borrowed to date under this stand-by bank credit agreement and $20,to of coverage share—— 4%'cum. —V. quotations market asset Per of 1950, 35,626 $349,847 stock for 382. p. 169, p. 381. upon net common Per to the stand-by bank credit agreement of Oct. 20, 1948, in January availed itself of $20,000,000 thereunder from the banks participating in the credit agreement. All borrowing under this agreement is represented by interim notes to be converted on 15, 101,608 $331,408 The company Jan. 101,850 $385,474 transfer'd earned reports on available been on Agreement— Adams, terms $433,016 245,173 (charges) from Per thp 4,106 ' _ ___:— pieierred on 169, 767,609 $212,325 inc. income to $20,000,000 Under Borrows income-. Emanuel Railway & Light Securities Co.—Net Asset Value— the $428,909 4,287 San-Nap-Pak Mfg. Co., Inc.—New President— $359,900 5,841 10. p. Co. Phillips Petroleum Bank Credit $483,036 — Schenley Distillers, Inc.—Merges Three Sales Divisions 9 of Lansdale 931,863 450,172 —V. income Deduct, the acquisition of the assets Roger M. Wise, Inc., a leading group in electronic tube work. The Wise organization, formerly at Rockville Center, L. I., N, Y., will occupy new laboratories in the expanded modern plants of the announced 120,820 68,538 31,189 income Extraord. corporation Balance ordi¬ from ordinary Net The 1,002,208 . _____— Dividenus "$90,272 24,303 income Net 2012. p. T)r61,366 Net this is con¬ depreciation for Federal for allowable amount charge the 1948, 1, 35,753 $767,438 non¬ r—— Gross ordinary income * 6,570 $121,359 $106,666 $65,106 ———— income, communication Deductions "$28,906 $114,789 $185,756 income commun. nary Net 1947 $1,360,771 _ .. deductions before Balance $731,685 $190,746 D)'4,990 Operating income 1,Q09 37,600 discount and expense IJcbt .. income income______ Operating Nonoperating 27,448 . .'. earnings _ depreciation-.... and 25,468 81,723 1— taxes' expenses Ord.nary Net Intere.'.t 1948 revenue expenses 1948—12 Mos.—1947 $1,146,989 $12,370,813 $11,699,708 1,032,200 11,639,128 11,728,614 $1,159,383 968,637 revenues— oper. 463,990 Operating Depreciation Operating Operating $890,410 484,893 .—— . oper. Total 1948 $930,288 Years Ended Dec. 31 Operating . 1948— Month—1947 Total revenue 537. p. Inc.—Earnings— RCA Communications, Period End. Dec. 31— Philarlelphia & Western RR.—Earnings— Gross bonds, the first mortgage 3% agent for 1979.—V. 169, San Jose Water Works—Earnings12 Mos. End. Dec, 31— York, N. Y., has been Street, New Wall 16 York paying New due Jan. .1, H Co., 2.9%, over the corresponding week of last year. or —V. this of Monday, February 14, 1949 Paying Agent Public Service Co. of Indiana, Inc.—N. Y. Philadelphia Electric Co.—Weekly Output— The CHRONICLE FINANCIAL & COMMERCIAL THE (704) __ . than on taxes income 23,500 25,300 26,500 28,000 $643,203 $669,196 $729,378 $740,126 $643,203 $669,196 $729,378 $740,270 143 income—interest- 1,000,000 Gross Total Net income income income deducts.— 137,585 169,944 142,413 185,024 $505,617 $499,252 $586,964 $555,246 Volume 169 4777 Number THE " - i Weekly Output Increased 22.7%— proximately $10,000,000. attributable Electric output of this company for the week ended Feb. 5;; 1949. 3,147,000 kwh., as compared with 2,565,000 kwh. for the cor¬ responding week last year, an increase of 22.7%—V. 169, p. 608. Southern Natural Gas Co. (& Operating 1948 revenues Operating and entirely to in materials raw hand.—V. on count of two $22,053,395 17,654,847 sale will selling stockholders. 168, $5,552,141 and 287,044 •___ _ : $5,745,073 deductions other $4,398,548 192,932 —_ ____ income income •"Earnings ■ No proceeds from the 167, Suit' Life Assurance 'With' over 930.429 in the 40% United $3,755,163 share.^ common $4,436,836 $3.15 $2.66 well to the Co. of Canada—Total Business in the business in the approximating the close 1948, of $4,000,000,000' exceeded year its of States at over 1,409,212 on the At shares. common 78th Montreal, INCOME ACCOUNT (PARENT COMPANY Years Ended Dec. 31— United 50% its mark, States, and investments its of assets, business total and the $105,000,000. Balance $17,884,739 __ $14,270,886 13,690,245 - . 11,161,431 taxes : this in company climbed force benefits paid ■ during - —$4,784,501 - other $3,705,867 deductions-^-. - income— $4,002,599 ————— "Earnings, peron 479,711 169, p. Souther'!! 608. in; the housing In Hyde, Vice-President, in an address before the New York Society of Security Analysts, New York City, on Jan. 27,» annual said' that the were alone income and deferred The' Sim par. value h.p. Diesel-electric freight engine. units already rently being delivered ih, January ' 194D) J : 7 issue cost to Southern been in excess Ry. there are'on modern power, will passenger cost in the 1940 As of freight of of public 1948, of 1943 during additional 95 to as rentals, the units 75% some Southern hire from Estates company <• obligations) this of of Ry. Co. 88 uAn. of equipment debit, 2.7%- of gross freight R. F. outstanding obligated was C. in $51,000,000 ohat invested was bringing $124,000,000, an Orleans the of & interest favorable the total Net to service ofj earned ' the of the RR. public period ation cover ment Co., to controlled) have debt having a face or outstanding all but (after lull paid 3.30%, as cash the •• n6t 751. p. dain" there would distribution $2 be in in of annual or entitlement have Dividends Cash the on 1943 been to paid non-cumulative 1949,- at $2 inclusive; share per paid in cash to our - preferred and 1943, $2.75 per 1947, att'd $3.25; per 1942 owners, basis to for Dec. left was 31, "in 1948.—V. the 169, p. till" about of 608. share * '60,358.164 52,088,256 226,752,579 -. 48,892,830 43,289,099 Fed', on Net 6,230,578 6,237,160 16,820,539 14,203,145 15,577,543: income- 5,727,308 3,934,559 18,653,242 (net).. 150,683 168,779 320,986 Total income. Interest Net 5,877,991 deductions.. 181974,228 15,779,536 5,386,942 2,989,882 13,587,286 12,789,654 13,000,000 12,700,000" and billing profits Earns, per after as for taxes. $3,282,835 share.. com. Net sales 1948—6 Mos.—1947 . the against $125,188,211 $1,858,450 $4,404,283 $2.48 31, 1948 amounted to $2,231,986 $1.12- $134,622,916,- for 1947. Month of January— Net; sales --V". 169, V . , in and 1948 1947 $6,589,178 $6,329',657 $6,549,751' Corp.—Note Placed Privately—The corporation reports the private placement early in Feb¬ ruary of a 41/2% stibordiuated note, ^due 1958, in the amount of $250,000 with of N6t: sales »Net — profit shares Earnings per —— 1947 $7,995,Q0(r 318,742 266,000 266,000 $3.46 $1.73 $1.20 and' taxes. working capital increased during the year 1948 by approximately ratio of 000 3.16 to 1. This increase; he- said, net-additions-to and dividend fixed assets payments totaled $1 The backlog of orders at year end, was a a anproximatelv share, equal to $266,000,' Mr. Clansky stated, the The is $395,\ totaled ; ap¬ cadh Sydney, privileges share for Louisiana than 340 of is - Ellis, -v ■. ' 500,000 tons total 2,500,000 of steel cost feet stations will is -. board T ■ i-iv'- ■ ■" : 568,434 of 1,805,630' ¥OV993 York and an profit $1,618,958 ._ of $1,205,281' 468,783 367,198 149,557 3,571,812 4,500,000 10,086,444 ' 124,741 . the I. S. of gas per been and This V. adopted -2,244',43? > 4,500.000 5,883,601 were Stock accessories increase of in charge all registration of production Urschel.—V. : . $357,389 has been! Chairman 169,^ p. 608. the . . * ; - 1948 $1,434,823 ' 1947 $1,299,739 under-the Securities Act of offering , , the offering: being not quoted ex-rights until further delivered after the record date as be must accompanied by due-bills.—• Feb. 22,356 $1,451,465 $1,322,095 264,479 1,124,742 1,021,439 38,249 $33,155" ' 125,597*" $58,458 B. Gerald John and 9. J. Fitzgerald, entire $0.89 year of 1948 in during the quarter the amount ended Dec. in Cantor United been Executive Fitzgerald States, it was elected Chairman Vice-President the trust.—V. of sponsor Cantor, the has 158, the of 1479;" p. % The 1952. SEC order upon gives interested persons until the application.—V. 165, p. 1362. Feb. 21 to request , a '' United AiF Lines, Inc.—Employees' Suggestions to Re-" Large Saving— suit in • An annual saving of almost $250,000 will made by this company's employees in 1948, it A'hfehs,' Vice-President in charge of personnel. the in personnel pany fact result from suggestions" announced' by R: F.1 Interest shown by com—f and efficiency was indicated by promoting economy was thaj,, in. the year an average of one out. of every 10,000 employees submitted suggestions. than more value' of- individual suggestions received "by two United the of has been - steadily' rising; Mr., Ahrens said, and these suggestions have meant*, saving; of thousands of man and equipment hours. The system, headded, has proved not only a worthwhile morale'booster but a definite'' the business asset.—V. 169, p. 645;""(1 tJitiied Bbardt & Carton t The directors have In year. i 1947, $1 made current in cents paid that of in made accumulated, earned dir§fctors the business ffohi and' earned to declare "the May 28 decision lack of May August surplus decided May 15, on the the ending year each March was view fiscal Corp.—Omits Common Div.-—> not the'common stock. 2, l£ was'-announced was of Jan. on decided on to to in 25 of cents on two December,. 1948, May 31, -1948. view of' thC It to Sept. each" 10. dividend! date were was paid also requirements the for declarations payment at cents common earnings The ordinarily 25 20; and Dec.., 7j last omit "the 1949. and that and sufficient 31, dividend Payments 25, Aug*. of general conditions, t-hat the surplus should not be continued 168; p. 2232T - of the of out stated of the dividends present time.—.* ' 114,974 $201,126 $0.26 $0,15 appointed shares March on 1, hearing V. 20,228 (1969)—Distributor— has its on Feb. 7 applied to the SEC for authorization to4 25, 1949, $1,000,000 of its. 6% debentures due These .debentures, now outstanding in the total prin¬ cipal amount of $36,000,000, are held by Union's parent, Electric PoWer & Light Corp. that $361,186 fund of company March 25 16,642 United Fuel Gas Co.—Notes Authorized— $185,682 $0!82* a the corporation investment due'abouttthis time —Year End. Dec. 31— - 3,797 333,656 reflected be Industry Shares on were-nmde Sept. 30,'48 3.844 ,• for stock certificates Management Corp., This The directors. $387,039' was increasing' By offer by the corporation, holders of com¬ of business on Feb. 16, 1949; or such registration becomes" effective, shall havo Exchange directs, subject to as; distributor board . airline's complete study," a - revised depreciation policy has resulting in an increase in depreciation on- instrumchts: 168, p. 2588. day. Union Producing Co.—Debenture Redemption Asked—* . $20,395,546 $14,125,257 ' - share—_ : com- and ' 1512. $383,195 : ________ Per about*1 to at close such common mutual Inc.,- redeem Canadian NOTE—After required estimated 4 Ndw T. 232,624 100,990 and Charles F. &. accessories.. 0, income, taxes be completed this first ' $190,000,000. r the line is designed to deliver ' ma'de. announced ; $20,395,546' $14,125,257 ;/ Dec. 31,'48 , m weighs to subscribe, for a period of 14 days, for common stock, par value, to the extent of one share for'each fiye shares held. subscription price is to be determined shortly before the Trusteed 650,714" 4,768:662 : 3 Mosi End/3 Mqs^ End, • charges4 the pipe and right This $1,444,793;- Smith; on.sales and1 Net Profit, basis * which presently the at which1 date'on that 200,000' ; 167, p. Total income Net on City, The miles 10 1951, cubic effective making of record the 2,250,000 $16,276) : Expenses,, inch deprec.__ Federal preferred, York long. nearly 470,000 stations upon of finally fixed by V. 169', p. 644. of the of ; service supplies be . $5 Co., Vice-President Glenn J. profit . Steel Corp., this 100-car initial' shipment. Jennings and other natural1 New miles of and the million the with 1,840 compressor compressor notice Martin, Executive Vice- ■ Vice-Presidents, Edward Howell, Paul E. Taliaferrp and El¬ Forster, Secretary; Thomas W. Bowers; Alfred L. Rose; A. A.' . . • Gloria, La completion early in of 227,156' 225,740 (less amortization, $68,089.—V. Period— / cost of: TelAutograph Corp.—Earnings— Earned the' will new the of Western pipe Lacy, length project 265,989 271,436 Toronto, iy«" - • at stock !/-• . Consolidated Rogers total niade;' that ' Ltd., building and- equipment-— member a preferred elections. company by More stock The , * current effected" despite the fact' aggregated 2^598,103 ' front - estimated depreciation lis; W. D. • $395,200,^ Roy W. Clansky, President, pointed out,' and shows that-the tons. . 2,983,355 1946 266,000 share.: receivable —u——i__ Seeligson; . $13,998,000 $11,123,000 919,926 460,281 outstanding—__ common After charges Net —- — Common * 1948 1 :■ in a .Contingent: of surplus President; Syndicate of Min¬ institutional purchaser ac-^ Corp:—Earnings— .'-T. Calendar Years— Conversion- fort common approximately 1933, and the 2,953,842 company's current directorate includes F. B.'-Parriott, board; C. H. Wright, President; F. L. the Gross , new and'30%- of the" $6 cumulative preferred stock presently has number . ad¬ : (Canada) Investors neapolis, Minnesota. This quired a similar note in the amount'of $500,000 in July,. 1948.—V. 168, p. 2163. Standard Forgings the sell to >• 30-indh-diameter be 10 3,566,716 less process, (wholly-owned) K. of Transcontinental & Western Air, Inc.—Rights to Sub¬ Suhray Oil Corp.—New Director Elected— named Factors in __—T__——: James * privileges r sales'.were $1,839,482; profits, $178,101, In Australia-, 1948 sales' $2,225,295; profits after taxes, $164,112; 1947 sales were 'The Standard • conversion of care scribe— $2,459,912 in 1948 and $2,365,575 in 1947. NOTE—The company's Canadian and Australian subsidiaries exceeded the previous year in their sales and profits. Sales* of the Canadian ' company in 1948 were $2,073,002; profits after taxes, $242,231; 1947 - 209. p. ! work amounts Corp. were A pproved » share. a , . 1949 • will mon for Federal taxes on income, Capital stock (540,000 shares of no par value), profits January Sales. Up 4.1%— Stock : share. fields' of Texas and later charges After 1948—12 MOS.—1947 $1.02 ' $1.91 ' ended Dec. year $6.37 , Reserve " 1,080,000 25, '48 Dec. 27, '47 $1,962,162 $1,525,777 2,794,940 1,487,532 : on contracts purchased Earned for the compressor capacity in to be built, the capacity of the lihe can be .increased to a maximum delivery of 505 million cubic feet of gas per day, according to Claude A. Williams, President.—• V. 168, p. 2733. ' $3,440,546 salaries, wages and commissions p'-: Accrued taxes, other than taxes oh income--.-.-, ; Spiegel, Inc. (& Subs.)—Earnings— Period End. Dec. 31— of the Dec. ■ ahd supplies.' Total Net $5,615,546 2,175,000 Domestic Subsidiaries). ' , Accrued 793,868 — stodk maximum a. liabilities— 3,309,470 3,250,000 $30 plete the entire $10.65 Accounts payable'-—;————. 383. p. take to authorized a 15 votes shipment 2,500 $5,752,843 . ! /, Total 201,993 99.515 below. Inc.—Preferred shares $15 fabricated gas 123,750' 1,350,000 — 1949 Deferred 1,650,265 , 169, 4,103,338 1,437,645 paint department—main plant-,.— Patent 4,227,726 income Dividends —V. 1,498,337 3,366,261 oper. Inc. Spa, Connecting the $5,615,546 "'Buildings, machinery, tools-and-equipment 1,973,527 income Other at trainload '-.V, banks for Land 188,765,897.. 3,764,499 taxes__ and - Property, plant' and equipment: 185,048,220 152,748,049 income— 1,863,422 3,475,000' New * revenues operating in bid trainload of pipd in the history of the Santa F'e left"; Angeles, Calif., on Feb. 5 to become part of the world's longest pipeline, from Texas to New York. Consigned to the above corporation, 7,281,607 228,416 income. on New s expenses line.), Transcontinental Gas Pipe Line Corp/—Initial Shipm't $29,183,806 I - . ;V:: : Sunbeam — Operating taxes taxes foreign-subsidiaries; at cost— Cooper Engineering Co. Pty. Ltd., Australia (94% owned)— resources s Co. — 1948—12 Mos.—1947 $ & Los 95,379* _—^ Investments share Operating Other ' stock vance Hall The' longest : > 389,106 Final payments for 1948 building. Co.—Earnings $ "per * 11,261,2.42 subsidiary share — Finished Harris, issue will have preference as to dividends ancl distribution overt existing $6 cumulative preferred' stbek. Cumulative oh:; the new stock will be $1.50 annually and' it will be have common* Dec. 27, '47 capital assets Federal per Materials the. cost were: on $2.50 $9,008,714 the- period Canada 1948—3 Mos.—1947 to $41,171,009 ___ receivable (net)_____—____________ Inventories, valued at cost or market, whichever .' Southwestern Bell Telephone time * paid was 1948 L (Including Cash Period End. Dec. 31— for f ASSETS— inclusive, cash the ' 1949. 1948, $50,000,000 in At ACCOUNT - received "from "Canadian lower— coupon ,The ...name;of .the company was changed to Thompson Industries, Inc., but- the' restaurant chain will continue to bear the, namo'; Thompson's SpU;; Inc.; as a division of Thompson Industries, Inc. ; « Shdraton Cot p. of America owns 45% of Thompson's Spa, Inc., CONSOLIDATED, BALANCE SHEET been on * in share • propose Dec: 25, '48 dividends paid! Cash1 equip¬ has dividends will 50-cents $9,227,843 Earnings 2% a new the aggregated approximately $40,819,000. Ahd! there on on than Planned par interest net a for • Spa, 2,100,000 aiSsets - sales———'— for 99.213. outstanding.—V. 155, p. 509, share per ; Provision 99.43, sale 608.- p. ort 15; shares of $3,240:,000 to stated payments' in Accounts 1948, have installments cents 50 total Total equipment - 1944V $3 per share iri 1945, 1946 and the stock having gone on a $4 per in to dividends no; of issued. transferred depreciation sale on Profit 1942, dividends on Southern's stocks were' re¬ lapse during the depression 30's) with the result that declared, or the of warrant rate 1947. operations. J__ for Cash' diV: of the Changed— less of Pay surplus. year;'bringing sales on at , earned against Prbfit 169, the new preferred. The directors were Mr. in increase retired: in a 5'% about- 12% then bid a . meet the' authorized dividend shares 011 received ofi line -, including, 100% securities Southern's obligations. Commencing the' ' b. The stockholders voted to'indrcase the capital stock by the creation a; new issue .of 120,000 shares of $l-par convertible preferred ' stock, it was announced on Feb. 10. ; •They also increased the authorized v common stock from 300,000 in V quarterly Ilutzler, callable increasing on Mairitehance; repairs and" replace, of'tools, etc. Dec. of vote shortly bids Thompson's Name :V; J; / VVv'" '■ such'approval.thedirectors propose to declare and dividend of extra Provision (exclusive as been will, the increased number of stock Profit "from $100,000,000. over common ' Chicago. Ry.—Equipment Trusts Awarded—R. awarded was Other Thompson's ., the of insurance gradual a 52 Weeks Ended— < obligationshave increased by a net amount of approximately $23,000,000 but this is short-term" debt, at extremely: low interest rate$, and is almost entirely "self-liquidating" through depreciation amortization' at a ratio of approximately 88% ; that is to-say, depreciation and amortiz-f sumed of Thompson Industries, Inc.—New Name—Financing— See this in indication of life rate conditions CONSOLIDATED INCOME despite revenue'1 hands amounted has Northeastern hands During & shares , value Bank 1948 today. present, regular * indebtedness the of the 24*," last share, .v'" served event share^on such Dec! cost course; the complete During the same period, 1940-1948, inclusive, Southern Ry. System (including Southern's subsidiaries, like The Alabama Great Southern RR. Co., in which Southern has a large and profitable control; the. Georgia Southern & Florida; Ry., Co., 99.50% controlled, and- the from National • 25%.- stock dividend, and as long as conditions a capital out , Diesel- :/> the has to $314,880,000, and lightened by $85,162,000, elimination of R.- F. C. debt. burden of New 1 the being employed to meet presentand to finance homes and housing capital-stock.\ ■ maintain per 1948,. delivery -'' Southern's car Leasehold which equipment 31, and $25,500,000, cars to > of cash. Ry. Co:; for approximately 1.1% in 1948. Dec, 31, 1939, Southern's funded debt, securities the paid to Dec. 31, has 1949. ratio In the cur¬ equipment to of and has and ; new stockholders The treasury cars to financed the increase of private in its Southern estimated be purchase reduce for financed this of (proper) of which cost it from order streamlined electric which Co. of $93,500,000 approximately $65,000,000 This Oct . Bros. annual 2VeS.—V. Canada, than issue 2.11 %. This , to due Kidder, Peabody & Co., 99.282; Halsey, Stuart, & Co. Inc., 99.247; Harriman Ripley & Co., Inc., and Lehman Bros,, 99.231; Salomon 2$% Stock Dividend—Annual Report—' . of Pacific series . • the under payments Sunbeam Corp.—- To Increase Capitalization and - And First 209. p. 3% exchange for temporary bonds City' of New York 43 Exchange The at or bonds, in the Pressprich of figure for rate'may be looked for, but improvement will be slow.—V. 167, During: the period 1940-1^48, inclusive, the. Southern System'- has>,I acquired - and put • into - service- the followingt' ,units of new rolling' stock: 17,003 new freight cars, six! - modern - streamlined passenger:, trains, and 423 units of Diesel-electric power (including 36—1500 i . of and McMaster Hutchinson & Co. $374,- record' beneficiaries and over and average under to by nearly $70,000,000 in $1,500,000,000. Mr. Wood revealed niore problems of announcing Wood ' . Y., line delivery new increased commerce States to the in 8 the' said in part: The pipe for Bank & Co. and Associates on Feb. 10 were $2,250,000 2% equipment trust certificates, se¬ ries F, due $225,000 annually March 1, 1950 to 1959, in- '• elusive. -The certificates, issued under the Philadelphia plan, were immediately reoffered, subject to ICC author¬ ization, at prices to yield from 1.30% to 2.30%, accord¬ ing to maturity. Associated in the offering were Freeman & Co.; William E. Pollock & Co., Inc.; The Illinois Co.; $105,000,000, making total payments since issued its first policy, over $2,126,000,000: over investment United at Total $10,000,000, policyholders company investment $251,000,000. that amounted year stands now. Current company lor the important contribution made bjt the business Passenger Cars and 95 Order—Debt Reduced—John B. on of of approximately available mortgages Ry.—Eighty-eight - well the for Feb. on said $64,000,000. to day needs of industry and developments. Last year $2.29 class Diesel-Electric Units of total now funds $3,223,157 $2.84* 1,409,212 common shares.—V. and to the year assets President, force exceeded than distributed the The in increase an more amounted 1871, Life held company Wood, Sun insurance contracts were Benefits the the of B. $232,000,000. annuity year 781,902 ._ exceeded year 596,412 by Total life payments meeting Arthur written $4,089,000,000, Life $3,109,455 590,008 income- "Based of $4,194,493 income.-.. and 652,000. 1947 annual Canada, * insurances ONLY) 1948 Operating revenues Operating expenses, depreciation and Net mortgage available National Texas & W. Force Passes Four Billion Dollar Mark— $4,658,592 1,308,237 ; . : per "'Based Gross first now Chase Place; New York, N. Chicago, 111.—rV. 169, - 552. p. The - . Interest Definitive at Offered—C. E. Un- to the company.—V. accrue 9 Tennessee Gas Transmission Co.—Definitive Bonds— • reports-that Other (705) $131,000, awarded income Net decrease a net decrease of a Stern & Stern Textiles, Inc.—Stock 1947 21,208,144 taxes—. Inventories showed terberg & Co:, on Feb. 9 offered a block of 12,500 shares of $1 par value common stock at $8 a share for the ac¬ $26,760,285 depreciation expenses, Balance Interest FINANCIAL CHRONICLE 1967,' ar£' Subs:)—Earnings— Years Ended Dec. 31— Gross & 2163. p. totaled Other COMMERCIAL i of 3L $53,169. 1948.— .The company $2,000,000' Columbia in equal of .has received SEC authorization to issue and' sell promissory notes to its parent, The* Inc. Proceeds of the notes, which will mature instalments on Aug-. 15 of each year from 1950 to 3V4% instalment Ga's System, annual 1974, inclusive, pV 2424".' will be used for construction expenditures.—V. 166. . "United Light&Rys. €o.—Rights *' Approved— ifChe Securities ja,nd Exchange Commission- on Feb. 8 approved a of this company to sell, to present common stockholders 63ft,6$7 shares of $25 par American Light & fraction Co. common stbck. The 'proceeds mil be used by United' toward the retirement, of-:$12,250,000 loans, proposal Exchange on Feb. 8 announced that the United common stock would be quoted ex-rights on Feb. 9, 1949. The rights entitle stockholders of record at the close of business on Feb. 7, 1949, to purchase at $12 per share, one share of $25 par common stock of American company for each five United common shares held. The rights, were admitted to when-issued dealings at the Curb opening on Feb. 8. ,/Tha York New Curb sales of than in the previous ..A,., year. for 1948, income 3.5% to (indicated preferred stock stock (100,000 coc on : (Total two real merchandise sales sales)' (incl. was follows: as —— _ in 93,160,726 2,427,814 ®?*qqq'qoo 31,000,000 29,000,000 the by shares Earnings per 117,256,000 112,779,000 11,613,000 11,546,732 4,280,252 3,913,768 3,893,058 $2.01 $2.94 $2.93 outstanding share..— common [■*After income taxes. NOTE—The of' unconsolidated and 1947 in (Excludes-. United* :Factors Corp. corporation's companies $780,471 in • j , earnings $296,000 estimated undistributed amounted to $320,000 in 1948, share of with Argentine expected This for in that business of 6% rose $27,000 was earnings done v in the 1948 from income Interest Report the investment in United States & International Secur¬ ities Corp. at its indicated value based on underlying assets, securities without quoted market prices at estimated fair value and all other Calculating securities quotations, the net assets of this corporation, a'fter allowance for State and municipal taxes on unrealized apprecia¬ tion, had an indicated value on Dec. 31, 1948, of approximately $48,.'Dividends preferred 95 paid the $4.50 were year share per $1,685,744. the dividends ordinary the first preferred on and second preferred and that of the 95 cents dividend qn the common stock, 18 cents has been designated by the corporation as a "capital gain dividend" and 77 cents was an ordinary dividend, subject to final audit of the corporation's income tax returns by were United the I States dividends, Treasury INCOME FOR 1946 1945 $1,252,983 196,499 201,^80 29,590 16,681 11,451 34,500 37,763 20,500 $1,551,602 $1,360,106 $1,173,794 205,669 34,222 tax. income— for Fed. F?ov. inc. Net ordinary 1 $1,039,552 Reserve provided for est. loss on (in Net & Inv. Sumatra .a_ 7,043,708 share SHEET, DEC. 31 notes restrictions costs loss net after with of giving net in off in of to the for tax a pro¬ theatre $3,162,812 effect profit dollar on picture domestic credit $3,230,017 in the net 10,745,375 results a number take to Blumberg the before they of told of of stockholders, higher existing months pic¬ cost economies could before these stated. maintain ratio "The Mr. and amortized, continues a financial strong position, current liabilities." and working assets, current of $32,897,077 capital of $37,020,522 current assets working reported company debentures and year ago. has also due sinking purchases, Sept. sufficient acquired satisfy to , . market open requirements fund stock preferred a through that, sinking anticipated 3%% including $7,870,348 cash, were shown liabilties amounted to $5,302,080, giving at fiscal year-end. This compares of $44,307,111, current liabilities of $7,786,589 and while capital 52,540,189 10,860,604 will It and reflecting ago and working assets to improved from 5.75 to 1 at the end of the previous 7.20 to 1. Cash on hand at the year-end exceeded to year The has Cowdin still fund 1, 1949 of it on 4'V4% its requirements on ® this from customers receivable ' liabilities working with Mr. stated. cumulative 1947 61,214,527 Other accounts and notes receivable (net)-— 2,848,455 3,169,378 Iuventories 136,048,642 121,362,263 Cash, receivables and other assets relating to advances under government contracts 1,039,402 7U8,oay Miscellaneous investments and receivables 3,145,715 2,boo,^yu •(Properties, plants and equipment, including and ',4 / completely are company $38,199,157. net its BALANCE savings notes Treasury that falling a 1948, months effective." current at 5,208,128 5,208,728 $ issue that due come March 15, Years rentals, theatre and 1950. 1949 INCOME CONSOLIDATED Fiscal Film ACCOUNT Oct. 30,'48 Ended— Nov. 1, '47 Nov. 2/46 sales and accessory admissions: $33,581,160 $42,309,728 $30,809,450 Domestic 22,648,677 23,125,415 $57,989,307 $64,958,405 $53,934,865 19,408,147 Foreign Total nniMOOOO Plantations deferred assets Malayan 4,840 profit „„ ibo,U97 37,055,226 S. v"'1 "n, basic high some produce 30, are many report fiscal 1 185,553 plantations. "Accounts reported and compares year. earnings become current 608,252 Casl° U. Corp. liquidation) realized fiscal made The stock common common per Oct. This 1 markets, to large extent, a tures pictures 20,141,585 on Earnings t . Investment in Credit ; 13,725,369 7,041,708 $8.48 $y.J9 "After all returns, discounts, excise and sales taxes, transportation and allowances. $ Including $190,000 in 1948 applicable to recovery of Dividends ' ' Cheever the YEARS 1947 $1,633,128 206,350 preceding To ------ 1948 $1,407,473 1948 $1,826,674 other than taxesState franch., etc., taxes Exps., $1,240,000. "current AC-qpTS Total income year Feb. on foreign distribution, ended of 758,279 — CONSOLIDATED CALENDAR from and fiscal and $310,000, „tax) stock preferred residents have not yet shown up to an important extent in the company's operating figures, "primarily because of the overall lag that is inherent in the operations and accounting of a motion picture company." devaluation income on S ■ corporation Current Net Dividends Department. STATEMENT income 1947. by " combined the first on $6 per share on the second preferred stock, and share on the common stock. These dividends aggregated Stockholders have been advised that, for Federal income per tax purposes, gtocks during Federal 31, 825,847 earnings of certain foreign operations not re¬ mitted because of exchange restrictions $298,- stock, cents recovery (after Dec. owned 31, 1948, comparing with 405,319 shares foreign holdings of preferred stock on that shares, against 46,591 on Dec. 31, 1947.—V. while attendance J. yoJ, <b 862,223 Federal and foreign income taxes $14,757,417 valuation of Sumatra plantations for at was 37,713,117 2,068,334 252, temporarily credited to general reserves Equity in earnings applicable to minority shareholders' interests in subsidiaries 226,503. • Net market at indebtedness exchange loss applicable to American currencies Provision stock 39,742,334 2,429,025 rubber inventories to market of natural Latin 1,055,457 common 500,000 699,092 — funded on Foreign of This plan¬ (net) credits income State ten Cowdin, Chairman of the Board, and N. J. Blumberg, President, in the annual report to stockholders, stated that although the company's increasingly drastic economy program has succeeded in bringing about a substantial reduction in costs, these savings / Miscellaneous than Universal Pictures Co., Inc.—Annual Report— duction 35,953,503 against • remittances $ num¬ shares York Dec. on 29,140 539. p. State New before. other ' 1947 37,534,669 1,008,573 products before, 1947. 31, Eastern States, and the territories, totaled comparing with 3,600,338 shares in the same areas on Dec. 31, holdings shares of countries pre¬ totaled Columbia 1948, shares a of States York in names year a states of Dec. "31, Preferred brokers' 49,819 Dec. New held shares comparing with 749,008 1948, in in District on 366,491 totaled 169, YEARS ' J from recovery of Sumatra Credit resulting Adjust, t \'v' 1948 i•" revenue tations United States & Foreign Securities Corp.—Ann. V';-:' -471,072,403 487,126,771 and general expense—— 63,417,591 57,887,817 of sales operating Total year date 572,024,663 580,968,091 administrative Selling, over the 1947 period. a eo0as~ soldi:::::::::::-- of Profit v*The company's retail chain store operations under the name of Rqbert Hall Clothes, Inc., have been satisfactory. There are now 68, units in operation and the management contemplates opening about 15 additional units during the calendar year.—V. 169, p. 210. * ' sales Other Factors Corp. , 1 , United by ' ' equity parent company's the of excess period. ACCOUNT FOR CALENDAR INCOME V" -.V foreign 31, stock stock 1,097,777 of of Washington.-Ind., for waterproof cloth-1 Chicago, 111., for aircraft fuel cells and new plastic products.' CONSOLIDATED ' totaled total sports footwear; at and ing; and at subsidiaries' earnings amounting to $1,431,000 in 1947. volume (The period company has the on. in against common shares shares names shares Holdings 9. Eastern brokers' Dec. on shares of before. year 1948, A tennis ■" sJT, W. Schwab, President, stated that dividends received from uncon¬ solidated companies and included in Dec. 31, 1948 earnings totaled in, their to a completed the major part of its postwar expansion and rehabilitation program. Among the newer manufacturing plants which reached full operation during the year were those at Fort Wayne, Ind., for engineered rubber products; at Milan, Tenn., for waterproof, The cost $320*000. first Eastern States of 3,948,587 Feb. ten in ten exclusive with 2,450,944 in held Preferred including 3,613,206 ahead. This compares prevailing exchange restrictions. of is and rubber, of 1946. |fhe above net profit in 1948 includes Argentine subsidiaries' eqifnings amounting, to $732,000 not currently available to the parent company because one-half of the company's sales were accounted for remainder included a wide variety of products in the plastics, chemicals and textiles. This diversification increase earnings and provide stability ior the years The tires. 48,080 Holdings shares, brokers than against shares before. $694,185,389 $702,319,642 _____ others stock 757,913 year a Approximately 8,613,000 Common Total corporation in comparing announced on names, corporation shares, Common bered brokers' York New year before, ferred stock $572,024,663 $580,968,091 —— of fields 131,845,000 profit securities, $24,871,486. $106,030; States Steel Corp,—-Number of Stockholders—• United lg4? sales production transf'd to allied plants value of sjnthetic rubber proauction Value by $ in¬ tercompany "Net payable, no Holdings of common stock of this on Dec. 31, 1948 totaled 3,965,642 the United States Government. company's activities during the past two the of measure mitsldP WPf 1946 $ $ accounts i plants for rubber synthetic years (& Subs.)— 1947 1948 and taxes p..so. totaled 6 Months Ended Dec. 31- - $?2,023,345;- total, (200,000 no par. shares), $20,000,000; second pneferred par shares), $500,000; common stock (2,485,543 no par shares), $24,855; special reserve, $103,101; undistributed net ordi¬ nary income, since Dec. 31, 1943, $1,007,590; net realized profit on' investments, since Dec. 31, 1943, $3,129,910; total, $24,871,486.—V. 169, operations in 1948. The company's rubber plantations, its textile mills, chemical and reclaim plants accounted for a substantial volume of production consumed within the company which axe not reflected in sales to customers, In addition, the company operated Estlin. United Merchants and Manufacturers Inc. DEC. 31, 1948 $33,389,021), value LIABIMTIES—Accrued after taxes and other charges, was $20,141,585, sales and $8.48 a share on the common stocK after allowing $8.00 a share for the preferred stock. Net income foi 1947 was $21,753,317, or $9.39 a common share. The consolidated net sales do not reflect the full extent pf the com¬ Net The 645. p. history, being only 1.5% less than 1947 $580,968,091. Sales of replacement tires in 1948 were less 1947, but sales of all other major commodities increased over year's sales in the company's cost .. the rights are exercisable at the office of Bankers Trust Co., York, and will expire at 3 p.m. (EST) on March 9, 1949. The rights will be stricken from dealings on the exchange at noon on 169, BALANCE SHEET, ASSETS—Cash, $2,690,555; dividends receivable, $152,586; at pany's Nfcto date.—V. Monday, February 14, 1949 FINANCIAL CHRONICLE & tions. Supply and demand came into balance. Shortages disappeared. Competition grew keener. Operating efficiency improved. Consolidated net sales for 1948 were $572,024,663, the second highest equivalent contracts for contracts may Exchange further announced that when-issued rights must be settled on Feb. 21, 1949 and that be! enforced under the rule beginning that date. The the that COMMERCIAL THE (706) 10 Prepaid 9?'Sno'qfib Amort, 3^227 3,202,9bb 111 film of J."',111 other costs, 348,500,241 348,381,181 Gross royalties costs, profit and includ. theatre and 44,009,043 exps. 38,834,336 28,786,337 on ' .investments 256,251 6iV(>. on PiVS. on o NOTE—The As of } Dec. 31, Dec. 556,856 0 t941,481 300,000 300,000 7 753,450 approximate A; at DrlO.OOO 449,994 300,000 value of securities owned 492,500 appreciation cost in •' 1947 $20,325,045 ; 31, 1948 117,946,687 .-/■ - ■ ' :■:/(' iSa&rsstsi-' accrued Other accrued i , 7. • : Decrease "Not F including ments ($177,300 State :(■;/: / dividends in 1948 paid from $837,250 In taxes of $123,000. and municipal realized net and profit tAfter 1947). BALANCE SHEET, for - DEC. 31, $15,807,900), $9,674,469; * ■ * : . : other •. ' / ' April due 1967 1, assets, ' $4,000; at cost (indicated $30,350,570. , V-,j 388,583 65,109,100 value). $4,950,000; capital income, $454,224; net ^jtqtal, $30,350,570.~V. 169, Earned 1 ■ $650,422; undistributed realized prcfit investment, on net ordi¬ f-i and and admin. 1948—3 Mos.—1947 l948-^-9'M6S.^-l947 $14,967,331 $22,030,557 $41,981,182 $59,398,439 12,714,298 19,111,680 36,338,587 51,506,768 * exps._ ^j~Net income 1,606,666 oper. income.— (Other Dividends Statement 2,177,120 4,532,913 5,384,110 $646,367 $741,757 $1,109,682 $2,507,561 89,738 110,380 31,162 117,058 231,895 456,975 252,543 440,928 $767,267 $969,195 137,393 $1,798,552 credits— States ; *Prbv. income charges— for Fed. 102,128 taxes 320,344 230,000 280,000 435,000 1,040,000 -Extraord. invent, write¬ less Federal *$3,676,430 income Federal excess Foreign income Profit loss for Film the earned to 216,430 — 3,000,000 *$551,802 $1,956,792 *$1,768,511 ^Bhts. cap. stock outstdg. 499.241 499,241 499.241 $5,14 *$1.11 $3.92 *$3.54 "Profit.—V. share 169, p. 150. income Expenses and STATEMENT FOR —— No. ; approximaltely of . Tf?p, yea77 19'cnw th,s .=rescuing the final stages transition 307,581 1,917,964 217,033 78,568 125,401 1,643,169 (Estimated under or 960.498 827.119 Nil $3.11 declared share common per "Deficit. reduction in carry-ba,ck provisions less current on prior the of years' $5.32 Federal Internal taxes on Code— Revenue provision estimated income year's of certain of $871,500 for Federal taxes subsidiaries. CONSOLIDATED CALENDAR YEARS 1947 / 212,208 174,645 140,246 am a rat other ^ Due receivable (net) from officers and — 1,700 provisions 276,157 219,042 employees.. Estimated refunds of Federal taxes under carryback $7,618,692 4,031,515 $7,870,348 3,320,209 — Accounts 4,643 6.873 28.789 71,500 23,314 88,000 s Oct. 30/48 ' Nov. 1/47 Cash $1>122.545 223,948 SHEET ASSETS— 1945 1946 $1,373,952 BALANCE (Without consolidating the assets and liabilities of subsidiary companies operating in foreign territories) ' 1,680,500 52,940- —— §Cash & receivables blocked in Great Britain.. ' ; — — income $1,633,970 $1,316,453 $1,190,734 $977,656 ^Investments —I— ,2*292,000 2,533,095 888,815 2,032,465 ordinary 5,092,662 DipreferredPstock>n__| 1,000,000 approximate securities owned As of Dec. 31, 1947, As Of Dec. 31, 1,000,000 • appreciation from held by American Note'receivable Deposits and other assets — Deferred *11,276,676 / the rubber industry in general from war to peactime opera- "After-allowance of $84,000 ——— for state and —--- municipal taxes, • . i — ' . 227,480 1,500,000 (Continued ! ••• til H . — 202,631 1,106,101 367,800 5,217,784 452,263 283,293 1,050,874 *— $47,984,034 $53,906,605 _£ $1,243,787 t .: charges Totai Decrease security as equity in net assets of sub. companies— 254,970 (Land, buildings, equipment, etc ——6,663,941 Investments in affiliated companies (at cost)— 1,299,563 1,098,000 2,218,778 the indicated — 24,628,895 204,731 -—.— bank "Net cost in — 20,016,396 — Cash was: 1948 8,251,852 royalties , company and of 287,718 122,910 281,380 720,374 960,498 outstanding shrs. com. $2,111,500, . $1;628;950 income' taxes value of 7 /United States Rubber Co.—Annual Report—Herbert E. /Smith, Chairman, and Harry E. Humphreys, Jr., Presii;dent, on Feb. 9 said in part: • ■ <•+ * 361,528 208,722 iy $1,969,232 taxes— franchise & NOTE—The * ' $4,565,219 deprec. & amort, of fixed dividends paid Common 499,241 per $3,230,017 year 1948 Net $2,564,861 loss 244,105 *$3,162,812 surplus. production costs income ,t ' 79,702 / Sell., branch, gen. & admin, exps. dividends paid or declared— dividends of $5 per share were paid on the first preferred stock. These dividends aggregated $1,000,000 and are taxable to the stockholders as ordinary dividends. During 2,900,000 350,000 379,486 tax (est.) taxes 536,279 2,135,000 Crl08,663 fCrl,240,000 (est.) profits 363,398 22,186 Unliquidated advances to producers «fe advance period— JlNet 311,052 <te Inventories rfjet * $9,121,738 541,724 assets has been charged as follows: it-its • $6,536,430 618,615 taxes carried for Prov. at estimated fair $36,042,132. Federal income tax cred¬ resulting there-' from of $1,750,000— 3,000,000 p 141,830 expenses Particpations of certain officers employees in profits Miscellaneous., deductions (net) the net asses corporation, after allowance for state and munlclpal taxes appreciation, had an indicated value on Dec. 31, 1948, of taxes-——-— ' 180,183 amort, of debt disct. & & exp. financing Earnings Calculating securities without quoted market prices and all other securities at market quotations, State provision, Securities Corp.—An¬ International Value Total on Income -down and & Report— INCOME Gross - -Income 214,195 100,617 Pfd. $3,201,032 392,521 income— Int. accounts of for doubtful $14,076,670: United Industrial Cheihicals, Inc.—Quarterly -JJet sales. C^t of sales-, 348,500,241 348,381,181 reserves $8,765,713 281,006 inc. ■■: $2,484,711 for 1948; $2,412 for 1947 (After reserves for depreciation of $194,539,059 in iy $184,689,374 in 1947.—V. 168, p. 2440. "After 616 59,657,008 ■ Total p. 50. ' Period End. Dec. 31— -Bell, surplus, 65,109,100 67,546,157 /•) nual ^*7 J»8,ohj 52933 025 IZill'w ™'?,??'008 surplus surplus Capital ■ ■ LIABILITIES—Accrued taxes and accounts payable, $70,754; 1st <8>Teferred stock (100,000 no par shares), $10,000,000; second preferred $topk (50,000 no par shares), $50,000; common stock (985,000 no par j>haies after deducting 15,000 shares held in treasury), $98,500; general nary ^'9^2963 8,1/4, stock stock $6,075,241 306,046 earned——: taxes of disct. of & respect Income Total 2.3^0,721 - *$4,083,093 — int. in annnnooo 8,711,457 preferred stock ($100 par ($10 par value)— noncum. Common total, V •'•••; 8% Balance Divids., Adjust, ?:SSS :::::::: reserves l ....reserve, 9 prior years non retirement allowances for Reserve — J5,000,000 — Minority shareholders' interests in capital and surplus of subsidiary companies— ' 1948 Investment in U. S. & International Securities Corp., Value debentures notes 708, - ASSETS—Cash, $1,229,814; dividends receivable and interest accrued, $119,808; securities, at cost (indicated value $31,258,735), $19,322,479; 4" bank General J : : Serial invest¬ on allowance 'S' 7nft^4Q , 1,039,402 liabs. contracts &, related govt, $2,378,358 ; 12'?Sf'2S taxes— liabilities under Advances $13,980,264 $26,134,069 $25,148-,528 Sell. & branch exps.—Domestic..— 10,475,770 11,133,660 9,07,1,4)26 Foreign ' 4,812,247 6,056,470 5,21?45JL Gen. & admin, expenses—Domestic 2,354.745 2,488,167 1,808,355 Foreign 420,595 370,531 291,283 —— — taxes—— 2%% » 38,024.170 32.890,045 income Federal Accrued Other / . A^ounts^payifble __ indicated the was: ' i. — __ 400,000 1,280,500 from Total * ! Dr8,975 449,994 1st pfd. stock,2nd pfd. stock- ♦piVs. on common stock < 1,092,252 1,364,598 999,573 for. fed. cap. gain (tax on" undist. profit. Prov. on page 40) Volume THE Number 4777 169 COMMERCIAL. & FINANCIAL CHRONICLE Pet MVIBEIIBS Name of Equitable ! Dividends v first which Then week. current follow we show, the dividends we with previously announced, Investment News ' (South Share Insurance Fanny but.] , Cotton Mills Farmer Co. Co. Candy , Fibre Products Finance Co. of df C.) (irreg.)___ (quar.) 5 Philadelphia Philadelphia 3'A % 1 3-31 3-15 $1 3-10 3- $20c — *' 3-22 3- RR. Fitz Simons Connell *r 3-15 3- 4 3-15 3- 4 dividends this announced '>;■ ' 1 week 25c 3- 1 2-18 of Company ,,-YvPower & Paper Co., Ltd.— $1.50 preferred $2.50 prior Steel Acme Allied Co. Finance Allied Gas Allied Mills, 25c 4- 1 3-14 Mfg. Co., Co. Aluminum of Aluminum Industries, Chicle Co. American Cities Power dividend 1/40 Stock American class be not each American Preferred for each Fractional iu lieu at the B share. 7'U thereof rate . ~ W ire tquar.) Woolen Co., common $4 prior preferred (quar.) 7'!<■ preferred tquar.) Argo Oil Corp. (quar.) v & Company convertible $6 25c Gas Series 2-21 1 -2-21 3- 25c 3-14 3- $1.50 3-15 ' $1.75 4-15 4- 20c 3-15 i,: A preferred _________ Ciass Avon Ltd., V. D. 4'A% prior preferred Hydro-Electric, if, ; preferred (quar.)_____ (quar.) 7# preferred tquar.) ____ Belknap Hardware k Mfg. Co Bigelow-Sanford Carpet, common •6'# preferred Black Hills 4.20 fo Bond Power City 3%# tquar.) Ltd., Gas preferred tquar.) Forge Co Camden Cotton Forge bVz'/i Co.. Canadian Class Ice A -Class A- 3'A# 1 Machine 3- 4- $1.25 1 1 2-28 2-18 15c 3-15 2-18 15c 3- 1 2-18 4- 1 3-15 $20c (quar.) 4-15 $21c -4- _»_!-- $37'Ac 1 3-10 3- 4 33- 585/8C 4- 1 30c 4- I 4- 1 30c -- . 4- 1 4- 1 preferred 4-1 3-15 Steel Central 37'Ac iquar.) Wire k Co. tquar.) Engineering Co. Chatham Co.. (quar.) i ; -4# . - B class (quar.)! preferred T., C,. for Cincinnati series .4#*: preferred Collins (quar.) <fc "Aikman Public Consolidated Gas Consolidated Stamping Utilities Corp. Ltd. Theaters A A - Casualty Co. -increased •Coronet r 3- t 3- 3-25 2-25 1 2-15 1,. 4- 3- 3-15 1 t : ' 50c y Common Co., Ltd.— (increased) 5#r preferred Creole Wife preferred 3- 1 4 .*• ,!• 1 3- 3- 75c ____ 1 Power Light, k ' ■ 4- 1 $1.12'A »10- 2-15 45c 3- '■• Delaware Dentists' : B Bound & Supply Brook preferred preferred 2-11 Union : • :■< Portland Diamond Dtsston $1.75 : (quar.l *_• .. - • Dominion Chemical k Tar tquar.) ,Co:nmon $1 .-preference Co., $23c (quar.) Ltd.— 3^ 4 New Chemical 2nd $3.25 T. . $4 1 1 (C. Plastics Durez Sugar A . k Loaf tquar.).i_— Chemical 4-1 4-1 < v Electric Controller Electrolux Empire (quar.) __—c____ & Inc. District 4-15 4- 4- 2-23 Mfg. ~ Co. (quar.) 1 4- 1 . " c3-18 2-21 5 ,%c '28c - 2-25 3-15 • 1 20c 3- 1 $1.06'A 4- 1 4- Soutlrern ! ; 4% quar.) -,5'A% /Southern Mfg. 1 3-14 2-21 2-23 3-29 2-23 $1 1 2-15 2-15 3-21 3- 5- Staley ' .1-28 2 1 Standard 2-25 Oil 2-2i: 50c 3- 1 2-15 97 '/2C 3- 1 2-15 20c 4-11 3-29 10c 3-31 3- 4 31'Ac 3-31 3- 1 30c 3- 1 2-18 81'Ac 3- 1 2- (quar.)_ • Lines_ / ! common 25C 0 (initial .265625C 3-1 2-15 4- 1 3-18 Stix 3t10 2-18 Sunray 3%# Oil Co. of & Fuller Oil 4'A# 3-15 2-28 Tampax, *4- 1 3-15 Telephone Bond 2-26 Y 2-14 3-15 3-15 2 4 3- 2-25 5 3- 54 U. $$5 3-12 7 2-18 65c 3-15 3- 3- $12'Ac 4 1 2-28 10c 3- 1 2-19 81'Ac 3- 1 2-19 . 10c (quar.)_______ 3- 1 35c 3-10 3-31 (quar.)^___ 3- 3-. 3- 3- 9 2-24 3-31 3-12 50c 2-10 3-15 3-10 25c 4- 1 div.) Co. 50c. 4- 1 3-18 2-28 4- 1 , • 9* 2-15 25c 3- 5 2-23 4-30 4-13 2-15 2-10 5-15 5-10 8-15 8-10 25c 11-15 11-10 75c :V 2-18 3-10 $2 t- InC 6-10 50c 1 2-16 2-15 62 'Ac 3-25 -3-10 50c 3-15 3-4 $4Qc 3-10 $50c ,* 2-25 3-15 ;___ ' 2-15 2-15 2-21 50c (quar.) 1 4- 5 25c > 3- 25c ' . Co., common (quar.)'_'____ Ry. 5-16 •• 1 3- 15c Ltd Stationery, 3- •30c. Goodcrham <fc Worts, Ltd.__ Erie 2-23 2-18 3-10 •$2 Ji Co. ..(initial) Pictures (quar.) Lake '_____ Y 3-10 Y: < $1 (quar.) Mines, 3- 1 3- 1 2-18 4-11 3-24 $1.25! 1 common 50c - Y $1.25 7- - 2-ia 3- ; 4 "2-1$ 1 6-16 ' 481.12'/a (quar.) 3-1 v Y-75c : ____! 2-15 •" 4** 1* 683Ac C.>, Ltd.___'__! Willson Products, Inc. Wrigley (Wm.). Jr. Co. (monthly) Young (L. A.) Spring <fc Wire (quar.) -. 2- ' Disinfecting '/Extra 3-15 > 25c common Co. preferred -Extra 2-28 2-28 5# Wilson, (J. ,f;;; — 2-28 1 (quar.) preferred ■(quar.)___. (George), Ltd.— 4V2 # redeemable pfd_,!(quar.) v ' 3-24 4- 25c Wheeling <fc 3-15 * Bros. 2-28 4-15 35c -5% i 2-16 — Mfg. 2-18 25c Company, Amulet 2-28 3-10 35c Weston 2-28 40c • 1-31 $2.50 " - ■ I 3-19 1 3-10 3-10 2-28 quar.) Insurance "Western Tablet & 2-15 3-15 25c ; 3-15 4- 28'Ac (quar.) Corp. (quar.) Railway Co. (quar.) Corporation ! Waterloo $5 3-10 3-10 Z~I~Z Walker (Hiramt West 3-20 4-15 Products ..Warner 3-21 50c — r . I 75c !__. ■ 2-25 & Share— Co., Chemical Visking 1 25c (qusr.)___" Raalte Y Waite 2-19 3-10 $1.75 i_A share B (increased /Virginian 2-17 8 7 25c preferred 2-18 50c 2- 3- 26 Ac 1st Van 8 2-15 2-19 25c tquar.) non-cum. Vick 2- 933/4c 933Ac (quar.) Coip. Rubber Victor 4-13 2-15 50c (uqar.) preferred . 4-15 35c (quar.) 1st 3-15 2-19 1 94C com. non-cum. 2-11 3- •4-14 ' $25c 1 quar.)____ (quar.) S. 2-19 1 3- $1 r' -8 fo • 1 3- 40c (quar.) 8% 30c .1 pfd. Inc. Underwood 2-19 <2-19 3- * (quar.) Quarterly Quarterly Quarterly __j 2-15 3- A Trinity Universal 2-23 3- 30c f 5 2-19 40c 7% 1st preferred (accum.) Texas Gulf Producing Co. (irreg.) Stock dividend 2-15 2- 2- 1 25C (quar.) 1 3- 25c _ (quar.) com. preferred conv. 2-15 3- 25c (quar.) com. 2-15 30c $2 Co. Corp. 4'A% 4-30 2-1 2-vl 50c Co., Ohio preferred A Baer 2-15 7'/aC ;YYY3-;T" $3 Y v'5- 2 1 1 quar.)C .320829c (quar.) (Kentucky) 2-15 : 1 3- 3- ? - 15c Standard 4- 1 3r21 '• 3-21 $15c 3-15 20c 3-10 25c 4- 25c 3-15 3- 1 25c 3-15 3- 1 ! of 2-28 2-28 • 1 3-19 1-28 _____ Corp.;-common ' (quar.)__ .■ . . / 13c 8c (quar.)___ Co., $2 Insurance Co. Pottery 1-31 ' A ' 1-31 2 2-2 ; 3- 1 2-8 ; 3-15 3- 1 4- 3-16 Acme 1 3-15 3- $1 3- (quar.) 1 8 3-11 Corp., 3- - 1 3- 1 4 >3-10 < , Coke..___i^—^—I preferred (quar.) 2-15 2- 5 1-27 Sugar Refineries, Co. Mfg. Co. 1 8-1 3-10 „ •' $25c 4-.-1 $$1.25 : (reduced) D.) Ltd.— (quar.) 4- 3-15 50c 2-15 2-^4 25c 3-30 3-15 ; i; (quar. & Engineering, 20c r Agnew Surpass Aircraft - Radio Inc.—' ' ' , -' .} ■ Akron "Canton ' Common 2-15 2-15 1 2-24- "5% 2-15 $35c 3-15 / 2-15 $1.50 4.-15 $1.12'A 3- X _'Y5% Alabama i, 2-2$ i «... • 3-21 2-18 d-26 4- 3-15 i " V 5Ia . 3-2'J : ! r- U5c\ Y'-t- 1. . Corp..^ tic &'Youngstown RR. - .j $3.50 - Alberton Gas prior Corp., 50c 50c _________ preferred Corp Alpha Portland Cement Allied Kid (quar.)_ Co. $2.50 ' 1 3-13 4-, 1 3-15 . (increased)____. 4-1 Ylo- 1 30c ;.:3-10 ; 3- 1 •T •■8.7yac I— / $2.50 , (initial>4_^_!^ (initial) /____ 4■ " —~ common 3-1 1 *_ (s-a)_— praferred-i(s-a) 1 1-31 3-15 / Co.— (s-a) Y_ preferred *" 2-15 ; 2-24 -2-26 • (initial Shoe Stores, Ltd./ « 3-15 3-15 ■ - 22'Ac preferred 2-24 • 3-31 25c $1.25 (initial)?. convertible 3-15 . 25c - common______ 2-21 . 2-18 3-10 3- 2-24 5c 2-15 $25C preferred ' (quar.), Affiliated Gas Equipment, $3 3- 50c • Holdere Payable of Rep. 25c Roller -Bearing Co., common 'convertible- preferred (quar.)________ ; — v 20c • Light.it 4'/a % (J. Ball Common 3-15 50c Peoples Gas Wire 2J19 3-15 90c —______ * Ltd.— A partic. preferential preferred - (quar.) 2i18 -*t 40c (quar.) Company (quar.)-_-_———— A A f-s*► • PerWhen Share (quar.) 15% • 2-15 ■ 2-25 3 7'Ac common. !../ .VJ ■. . Corp. Class - -5% !- Aetna-Standard 2-15 50c Co.; (quar.)_——-_A_! > ' T (initial) Acadia-Atlantic Aetna 2-15 20c . Company Vending Inc. common Adams ;.• 2-2$ 3-15 , l" >3-10; 15c —__ 2■ 3-31 $1 Yf 30c • F. «'•' .5% $1 quar.) C. New 3- 3# -- (quar.) Manufacturing Co., Ltd.— '-7% preferred (quar.) —!-__ Peninsular Grinding- Wheel Co.. Perfex T 20c 2-15 Extra 3- B. Abitibl Power k Paper Co., 2-15 A3-10 (s-a)_-_c_ ' - t$l preferred Pen Name of A. 1-31 2-15 2-15 $50c ;; pfd. ■' A,'; 1-31 , '2-28 Y20c dividend)_^_'A_" being given In the ••; 1-31 50c i Tube.Co.____. Tail. Power, Co., preceding table. .1-31 - . 60c Co. ^increased Co. 2-15 $1.25 v. (reduced)- Manufacturing 'l-3l' 2-15 7c Co Ltd._____ ' " 10c (quar.) (stock 2-15 9c (J.,J.) Corp. 2 28 2-15 10c Co. 2-28 2-15 16C !__ Life-insurance Candy 3-10 _3-10 * 12c , — .(quar.) Storage Warehouse Mines, 30c ;" . , series__T_— series.^. Below we give the dividends announced in previoua^ weeks and not yet paid. The list does not include divi¬ dends announced this week, these • $1.25 •; 1 : . " Paton - 2-21 3-14 Extra 1 Y Pennsylvania RR. Parker 2-18 3-14 Standard-Coosa-Thatcher 1 25c (quar.) Auction Onondaga .. common E.) Mfg. Co., com. preferred (quar.) 1 Co. River $3.60 2-28 3-15 (quar.) 3- Inc. Electric Otter 3-15 '-'.s (quar.) preferred (quar.) Insurance Co./(quar.) Life 3- — Ohio Seamless ■ 2-28 25c $1.50 (quar.) (A. 3-11 30c — 3-31^ 3-10 preferred $18c (stock 4-15 30c preferred fund Mills $3.75 4-18 c 6'Ac (quar.) (quar.) each 2-15' $2C (quar.) preferred 25 c trade World Oak sinking Spartan Corp.— ■.!/_"* for Co. Bed convertible b'/e 2-21 1 37 '/ac Paper 2-15 2-25 Co.__ Investment Southwestern 2-15 3- 15c —^___ shares 2-25 $2 Spring convertible 5% 3- $1.12»/2 .AA. Inc.___ Coated 10c 60c A Water,. convertible Southwestern 25c Y: (quar.)_ pfd. 2-28 : (quar,)_ 15 3/10c Corp.- 2-28 2-18 3-15 (quar.) preferred 25c (quar.) (initial 2-18 3-10 , 2-21 $30c (quar.) Greyhound ' tquar.) conv. Steel preferred 2-21 60c pfd. 1 3-15 (increased) Co. class California 4V\r/o 3-29 40c $1 & Southeastern * , 10c 93% com. 3- 3-15 Extra :A_ Inc. Ltd. Pen America, « < 2-25 1 2-18 preferred 3-10 3- 1 37'/aC 4'- $1 (quar.) City Gas & Electric, 3-21 $1.38 3- 1 $1.50 4- . 3-10 $1 Manufacturing 3-10 $1 $1 Co., A.) Saw 3.90# 3-10 1 1 50c 3-10 . t40c • 8 2-10 „ 3-10 4- 20c Co. Co.__ (quar.) i Society Brand Clothes, Inc. (quar.) :■ Sonotone Corp., common (quar.) :i $1.25 convertible preferred A (quar.)__ 2-18 1 (W. Corp. Sioux , 3- 50c Co.___, stock 2-18 1 2-23 2-12 shares York Nutrine 2-9 $1.25 3- 3-15 1 Extra Z/;YY'' 5c North 2-21 2-15 V ———■—' Electric 3- 50c 3-31 4- _ ■ Singer 2-21 — North f 1 50c . 4-19 35c Fund. Noranda 2-1 3-15 3-15 3-21 '=$4 prior preferredr(quar. l "*• • 1 4-15 2-15 - '20c - (quar.l ._^_-i-__ Co.zri™_a_z.__—- Corp.1- Lj.__——•—: Electromaster, $1 $1.25 Y 3- 20c 25c (quar.) com. (quar.) Lead Bridge Simonds : 3-30 (quar.) com.. 7 NortheasternWater : 3-1 '4-15 : 37V2C Newmarket 2-25 25c 3-25 4-29 , 1! Shoe 3- share? shares—— •/; Newberry 3-1 8IV4C : —: (quar.) Coal V Eastern Utilities Associates • . 2-18 ■>, 2-15 25c 1-•!'V 4-1 1 2-23 . Noma 4-1 3- 2-25 3-21 " 1 3-15 i 2-10 3-15 Sheep Creek Gold Mines, Ltd ^Shepard-Niles Crane & Hoist • 2-28 (s-a) 3- $50c _____ (quar.) 5# preferred A.) 2-18 3-16 2-25 (quar.) (quar.) Extra 15c Company (quar.) Mfg. Co. (quar.) Niagara Lower-Arch Bridge (quar.) 5-2 $25c4 - —- (s-a)_^—______ common preferred preferred .Dunham East Co., 1 equipment New • Diiw 3- interest com. Mills, group New • . J25C, Co.,. Ltd. Paper 3-11 3-11 Corp. Bedford • Donnacona- 1 1 75c series ?_ .Railroad Retail 2-18 < .Sarnia iSheaffer 25c series- ;? Nesbettr s't . — tquar.t i——___^ , -3-10 - 2-15 2-18 25c 3- - 1 4- Controls, Manufacturing 3- 4- (quar.) 2-14 3-15 75c 4- 7- ■ . 3-lL ;- -20c (quar.)-—• Ltd. lV- -7- 1 A- 25c tquar.) Inc. Corp.-Seagrams, pfd. Corp. com. Discount Preferred 0 Corp. Joseph 3-10 $1.06'A (increased quar.) Corp., Railroad 2-14 1 Rowe 1 30c 29 lie Texas - ;V Selected ! 2-13 -'4- /SeOc - Cement, k Sens, (Henry) Distillers St. shares 'held. -Balanced > 2-15 1 2-20? $1.75 Yard Russell 2-21 — 'preferred Stock 2-15 3- >18c Harvester- Co.*— Detroit i Stock 3-17 2-21 25c pfd. conv. . 2-15 3- * 50c common. (quaT.)"___ Denver • - (quar.) 7# tquar.i Y., 7# * ' ; RR. Co. of N. 1 3-15 , 25c of Works (quar.) Haas Company, common preferred 3-15 Co.* (quar.) Ltd. additional common '5% ' 2-11 1 $4 (quar.) preferred & 30c (quar.)___ National Trust Funds— 2-21 3-1 933ic 93%c Rohm $1.10 (quar.) (accum.) Gum*& National v *,v'; 9-15 - 4- 4% fo !—_ $1.25 Cedar Robertshaw-Fulton (quar.)__ Calculating Machine (quar.) : (J. P.),.i! Co., Inc.-(increased) Nashua 6-15 1 common (quar.) preferred 9 Corp., common (irreg.) participating.preferred (quar.) Murray, Ohio v 3-15 7-1 $1.12Va (quar.).: 3^4# • 3- «__——__— Wheel Three 3-17 1- 3-10 .r_,»$1.12Me (quar.)——' • ■ Y. .Yv:'V $$1.25 3%%; preferred A 4-1 50c Investment Rubber " Dayton 9 50c 5# Co. Carpet Monroe .,A 3-31 Oil Mohawk 3-15 'Y - . :—$37'/2C — (quar.) Petroleum Corp. ireducedl__ i CUrlee Clothing 4'/a# pfd. (quar.) 4'A# preferred tquar.) : 3- 3-11 • common (quar.) Richmond 1 (quar.) (111.),. Republic Insurance, Co. 4- $1.06'A Co. 2-21 25c $1.50 (quar.) Mullins" Manufacturing Corp. •. '' Co._i.__A—A $1.50 Midland Mfg. preferred 2-21 1 1 $1.25 7%' preferred (quar.). Mid-Continent Petroleum /-/.Motor 2-23 2- ' 3-31 (Chicago)—- . > 4- 3- 3- Company, Ltd. (quar.)' l. Sales Co.__________________ Textile /.Morgan ;;3- 1 1 3- •- 2-21 , 3-15 30c * Paper; Box 87'Ac 3-15 < A.— Corp.,-new _.Mohawk 3-10 3-15 15c (quar.) i 2-15 3- 75c . i • 2-28 - 1 $1 $13c quarterly Phosphate Corrugalfed 2-16 Reliance 2-15 25c • Continental 1 87'/aC (increased Company Metal A5 Thermit >!; ' . 3-15 37(Ac < (quar.)_ tChicagot ■ 50c (quar.)_ class ' 25c —_ D.) 2-19 1 25c : Service Assurance Co. 3- 3-15 1 Participating 2-15 - —. Inc. (quarihr__;.™__ii— Light: & Powcr Co..—_— Continental 25c (s-a) Canadian $3.25iConv. « 5-16 8-15 11-15 (monthly) Co. Wire S. preferred Metal v 2-19 3-1 35c Congoleum-Nair-nj Connecticut , .«_ (H. McCord 4 3- ,ui$4 ___ Shearing Community » RR.— Corp.:__"A___^___________ Commercial 1 1 $1.12'/a 4# H.), Inc., Mfg. Maxwell, Ltd. 1-31 3- 1 6- 25c preferred Mines, (M. Ludlow 2-49 v$l common—! Co., -3- 1 75c ■ preferred.—: ' • 2'Ac tquar.) Paul k Pacific A Milling -Machine • 2'/aC —: (quar.) preference 3-14 2-10 3- 25c tquar.»___— _ Chicago Milwaukee- St. . A Corp.. .$3 Chicago V. , Mfg. Class A r 25c »•. Chambersburg • Shore 5% . >•-6# • & Lone Star Gas v 2-15 3- $40c 1 (quar.)_ Corp. preferred Lowhey( W.) 3-15 2-15 $40c (quar.) ' 3-15 30c — Extra 3-15 1 (quar.) " 3-15 3-15 1 3- 12- $1.50 ;3-15 30c 1 4- preferred $1.12'/a Industries preferred London 3-18 com.— voting Lee 1 4- $25c ; $40c (quar.) Corp., 2 3-10 — — common 4- $4 25c common... common, preferred 4- __A Co. (quar.) Lansing Stamping Co. Lee <fe Cady Co.__i.-i. 3-15 1 $1.75 81.25 (quar.) Ltd., non-cum. 4c Corp. convertible Lamston •$6 Mills, 2-21 (quar.) Inc Johnson Consolidada Lake (quar.) preferred A Knitting 7 2-10 preferred Lane-Wells (annual) Corp.. & American • 3- 3-15 1 Co.. Utilities Keystone Steel 3-31 1 3-10 15c (quar.)_ non-cum. $5c (quar.)! Gas King-Seeley 3-31 4-15 v com. 9- " La Inc., $1.60 _______ preferred Co., com. (quar.)_ preferred (quar.) $1.20 3-21 45c 343aC i. -Non-voting 3-15 : "4- 35c Mills, $1.00 1 3-21 —— of beneficial Kerr-McGee Oil Co., Ltd.— Co. Extra 3' 2-18 3-15 30c Company common (quar.) $4.50 preferred (quar.)— Kent-Moore Organization, Inc. ; 2- 8 2-15 1 87'/aC (quar.) 1 3- preferred prior ■ 3- 15C $40c 50c Kendall Boxes/ Ltd.—• tquar.) Plywood 3- 1 — tquar.) preferred tquar.) Fibre Products, Inc., Central 4- 7% ________ Tea 3%% Johnson 3* 3-1 $20c Wircbound Cascades 3- —_ — Investments, Ltd. (William) Carter 1 25c tquar.) Canadian 4- Jewel 2-19 $1.10 - Canadian 1 (quar.) com. tquar.) preferred General 1 2-2 3- 2-21 37'/ac quar.)__ (quar.) common Paper A Southern Jacksonville ~ Y Extra 3- 2-9 common convertible 3-11 $$0.234375 Co. Iowa 1 preferred (quar.) Bartlett Securities Certificates 2-19 1 $25c ' — Mills 3- 30c _______—_— Co., 2-19 1 50c _ (quar.) Co.— (quar.) Buffalo 3- $1.35 2-19 $1 tquar.) com. 3- 1 $1.05 _________________ Brunswick-Balke-Collendcr $5 30c 2-18 3- Ry.— non-cum. Nickel Co. of Canada, Ltd Paper Co., com. (quar.) $4 preferred tquar.) Interstate Telephone $5.50 pfd. (quar.) Investment Trust of Boston- 2-18 • —-—_"Y' tquar.) Borough 1 1 non-cum. International 3- tquar.)—____ Oil, preferred California (quar.) Inter-Ocean 2-18 3- $1.60 International 1 3-21 $1.25 (quar.)__ Ashtabula $1.60 Reinsurance 2-11 3- 1 1 25c Rayon 3-10 60c __ — preferred preferred 4.40'/ tquar.) preferred Hosiery 5% 3'A% (quar.)* , & preferred 3-10 1 1st $7c Co., Fund, 4- 1 4- 1 ■ 15c (quar.) Co., common (quar.) preferred Intcr-Occan 1 4- Co.— 3- Ltd Dauch .Industrial 2-16 4- preferred Youngstown & 53 Vic $1.75 Chemical & 2-15 2-15 25c 3- $1 $1.75 — common (quar.) Co. $1.20 British-American Brooklyn 1 2-15 2-28 3-15 _________ (quar.) Paper Plan 5% 2-16 1 3- $1.50 Light, • Mfg. Inc., Bowser, 3- 40c —------ tquar.) Inc. Stores. Border & 2-15 4-20 (quar.) preferred preferred 5.40# 12'Ac 2-21. 1 > ' <quar.t___ (quar.)___w_—--———----- . 3- 1 3- .... 1 3-12 2-19 . 3- 1 3-19 $25c Hydraulic Press Mfg., 6% preferred (quar.)_ Indianapolis Water, common class A (quar.) 4'A Vc preferred B (quar.) 2-19 $1.12'A ___ common ;2-19 3-15 8c & Howe 3- 15c tquar.) preferred (quar.)___ com. Packing Co._ Silk Regent — preferred (quar.) Chemical Co., common preferred A (quar.) 4'A%■ 3-16 3-15 20c Mills (monthly) Corporation, common 3-31 tlOc J12'/2C common tquar.)___________ Allied Products, Inc. (quar.) Bangor ,Y ^56'Ac — A •Avondale B. Co.. Y.) Ltd.__ Honolulu Oil Corp. (irreg.) -Honolulu Rapid Transit, 6 Hoover Company, common ______ 1 3-19 Monthly Hinde (quar.) Service Co., Sugar Co., $5 Spencer Monthly 2-15 : (N. (quar.) Corp. common preferred V/a'/o 1 1 4 3- 25c. $12 '/2c (quar.) —_—— Co. Utilities Hibbard till.) — preferred Wire Mines, Heyden 3'A '/o 2-28. 2-28 3-15 f'$l (quar.)_— 4 3-15 4- 50c Co. Die preferred 4'A '/o • Light Electric Auto States Hallnor 3-24 $1.75 _—______ __ • 2- 7 (quar.) $1.50 4- 1 ;3-10 Co., common (quar.t-— 30c 3- 1 ,> 2-18 4 '/a ft preferred (quar.) $1.-12'/a 3-1 2-18_ Atlas Imperial Diesel Engine Co.— 7-■Y? Atlanta ; Gulf Hammermill ___________.— Armour 7 Sanitary— ——_____—___— Co. (B.) k Corp., preferred $4.40 — American 3- 4-11 2-18 4- 10c Paper Tap Guantanamo 3-25 - 20c tquar.) & YY"'y0 ■ 2 2-28 25c $1.50 Indemnity Northern 4>/2% 41'Ac 5- (quar.) Greyhound —__— Standard American Greening will pay- of Real Quarterly share shares Rath $1.25 3- . 25c Greenfield non-voting Steel Great -$3.50 2-17 tquar.) _: — Trading Corp.— Radiator k preferred " 2-14 4-11 (quar.) Harvester 2-18 1 5- (quar.) pfd. Mackay Stores, Ltd., class A Class B __! Great Common American 3-10 -2*21 2-23 3-10 preferred 1 $1.25 $5 Gordon North of Co., 2-10 ■ _________ (Increased Prentice-Hall, Inc. Radio Corp. of America— 3-10 2 1 Transportation— __________________ preferred (quar.) Portsmouth Steel Corp. 9334c (quar.) 3-15 3- 7% 3-24 3- $1.25 2-24 3-31 25c pfd, (s-a) Norristown k convertible Pittsburgh, 3-14 3- $$1 (increased) 1 4-1 $2.75 (quar.)_ pia. Extra Corp.— share a but class - 50c Light common Palestine American k of 1 3-15 4# common (quar.) Power Gleaner "Y, 4- 15c made be 2-18 (quar.) held. issued, will ment for Co., stock B 3-10 93 %c Corp., prelerrcu $6 2-17* 50c — Canada, Ltd., preferred Georgia 3-31 common-— of Motors General,Tire & Rubber Co. 1 3-5 Inc American 3- 40c (quar.) tquar.) ■ 3-11 Co. % 81'Ac (quar.) common preferred America, preferred 2-15 3- R(,c 4- 75c _ $3.75 2-10 1 25c A claoc & Geners.1 2-21 2-25 25c (quar.)... (quar.I convertible $3.75 preferred 4- Allis-Chalmers 3 'A',( 5# 3-1 b- I 3-i2 — Co Inc. 4-1 4- 1 $62'Ac 1 (quar.) Co., $37'Ac . (quar.) Co., Wallace, Inc., $3 class A (quar.) Wayne k Jackson RR., 5 ft pfd. ts-r.) Fort Goir (quar.) preferred Forbes payable of Rer. Slure ' Shoe nori-cum. Suburban convertible $5 12'/ac Holders ■.\vnev Name Abltibi Florshcim arc: 3-10 87'/a c $1.50 5# (quar.) 4% " The 50c Germantown Pittsburgh Coke Dredge k Dock Co.— .■ Holder* Payable of Rep, (quar.)___ _________________ (quar.) Co., Pitney-Bowes, Inc., $2.50 Department'' in the week when When Share • , common 1 $2.50 declared L' " Co., preferred Philadelphia Quarterly 5 Baltimore— at k 11 25c 3-21 37'/2C ■ _______ Ltd 5 2- 2-15 2-21 4- (Charles) .2- ' 2-15 25c Dyeing Co. (quar.) Canada, America 2-15 . ; $50c Per < Name of Company :( Pfizer Canada___ Shops Fenton United Cleaning & Holdert — of (N. (707)" Payable of Rec r Carolina) 50c Life Erwin which have not yet been paid. Further details and rec¬ ord of past dividend payments in many cases are given under the company name in our ' General Corporation and V Co. 20c Equitable in table second a Ins. Semi-annual . are grouped in two separate tables. In the bring together all the dividends announced the we Company Fire When Y-. 3-15 !. fr-15 , r 2-28 ' 2-19 • (ti lr;37'Ac 37'Ac ■ 3-10 2-15 4 2-15 2- 9 * 12 Company Allied Laboratories, Stores common 4% Corp., preferred Allis (Louis) Alloy Cast (quar.) Co. Steel Extra Altes _______________ — —— Co. "> (quar.) Co. Aluminum 2-14 Belden 3- 1 2-18 2-15 1-31 3 12 %c Co.- Arch 1 2-16 $1.18% 3- 1 2-15 $1.10 3- 1 2-17 ^Central 3- American Extra —— ——— common-- (quar.)_.— Co. -(quar.) .4%%. preferred JCxtrs Electricr 4% % pfd. (quar.) Common quarterly cash dividend---. Common (stock dividend) 2/100 of a share of Atlantic City Electric Co. common for each share held Common extra stock dividend 1/100 of a share of Atlantic City Electric Co. for Gas American 2-12 2- Class Best 4 1-20* 1 3-17* $1.25 4 7% American -Metal 4V2 % American American Class 1 3- 1 2-18 Black-Clawson 3-15 2-28 Black, 4-15 3-31 2-15 2-10 Blaluner's .Blair 2-10 2-15 3- 4 Blaw-Knox 2- B Bliss 5% 2- Safety Seating Extra 2- 3-1 Fund, Woven Bower Roller 1-28 Bowes Co, 2-24* 1 Brantford 3- 1 2-14* 3- 1 2- Service Ship 3-15 3-10 2-28 3- 1 5-21 3- 3-15 25c 1-31 2-15 1-31 Charis Corp. 2-15 1-25 Chatco Steel Chesapeake 3- 1 2- 4- 1 2-23 Cnioago 4 1 3-21 Chickasha 4- 1 7 British 4 3-15 3-11 3-15 3-.1 2-15 1-31 — 30c 2-15 2- 12'/2c 25c 2-28 2-11 participating- 2-1 2-15 1 (quar.) 1-26 3-15 3- 2-25 2-10 50c 3- 1 2-11 $1.12'/a 4- 1 3-15 20c Co., 15c 3- 1 2-17 f25c 3- 1 2-11 common Ltd., pfd. 5% (s-a)_ Virginia of Cab 1 50c 2-15 2- 25c Cc 3- 2-18 1 5 Oil 3-21 Common (quar.) 25c 4-15 3- 8 3- 1 Common (quar,) 25c 7-15 6- 8 3- 1 Common (quar.) 25c 10-14 9- 8 3-15 3- 1 12'/2c 2-19 2-10 75c 2-25 2- 8 1 3- Chiksan Chile 2-15 1 & 1 Chilton (quar.j 20c 2-15 2- 3- 1 cnrysler Corp. (increased) $1.25 3-14 2-14 75C 2-15 2- 1 Cincinnati Gas & Electric Co., 35c 2-15 1-17 1- 7 Cincinnati Inter-Terminal RR. > ioc 2-15 3-15 2-14 3-31 3-19 3-31 3-19 4% 5% Shoe common Co.— (s-a) New $2 prefeired Texas 61 8- 1 7-20 $1.25 Orleans 3- 1 2-15 5-15 Pacific (quar.)__ 3- 1 2-18 5% preferred (quar.) $1.25 6- 1 3- 1 2-11 .5% preferred (quar.) $1.25 9- 1 8-15 75c 2-25 2-12 Citizens 25c 2-15 2-1 16c 2-25 1-31 5% 25c 2-15 2- 50c 2-25 2-15 68 %c 2-15 2- 1 City Baking Cc., 7% preferred City Ice & Fuel Co. (quar.) 3- 8 City (reduced) Rubber (quar.) (quar.) __ JL 75c Tobacco, 3-19 tl2'/2C 2-15 1-31 tl2'/2c (irreg.), Co. 4-15 3-20 $32 '/2c 4-15 3-20 3- 2-14 40c 1 4- Co., preferred Investing 4- 7 2-25 a5% 4- 7 2-25 (s-a)____ a2>'2% 4- 7 2-25 (s-a) a2v2% 4- 7 7% City 1 2-25 1st (initial Co., s-a) common Co.. a2'/2% (s-a) for '? Cleveland ( $4.50 ordinary 1 reg. 15c 1- $37 '/2c 3-15 $25c 3-15 3- 1 3- 1 2-18 2-11 25c 3- 1 2-15 2-15 1-20 1 3-10 .__ $1.12'/2 (quar.) 4- Pittsburgh 1 2-16 4- 1 3-16 87'/2c 3- 1 2-10 50c 3- 1 2-10 40c 3-10 2-25 15c 3- RR.— (quar.)____ special guaranteed tquar.)_ Chemical Co, Aluminum Cochrane ' 3- 20c _____________ & guaranteed, Club 2-10 25c 1 common regular Clorcx 2-22 $1.50 2-10 3- 55c (reducctu 7% 2-22 (accum.) 2-15-49 20c Monthly Packers, Ltd.— Inc 3-17 $1.25 4% 2-25 4 1 4- — Monthly Cleveland 5 8% 2- $1.75 , (Tenn.) Illuminating, preferred . 2-15 $1.37'/2 (quar.) Electric 3-10 (quar.) Chattanooga . 1-25 3-31 2- Clinton Industries— s , (final) $1.75 1 1 62'/2c (quar.) (quar.) of preferred Clearing Machine Corp. pfd. (s-a) common preferred Water 5% Ltd.— preferred Utilities 5'/2% preferred (quar. City of Paris Dry Goods Co. 4-15 93 %c (3-0) Brown preferred Cincinnati, . 15C preferred Co., Company , 60C (quar.) (s-a) $6 ; 3- 37'/2C deposit receipts ordinary B - 3-12 25c pfd. Rubber (quar.) 3-23 (quar.) pfd. Co., Company Copper Co 30c (quar.)_ (quar.) receipts (interim U_:__ Brown $3.60 4 Bruck (quar. )„ Products : Co $1.20 preference 2-21 1-31 2-15 1-31 20c 3- 1 2- .1 6- 1 5- Ltd.— 1.—; (quar.) 2-15 J30c Hardware, A 1 J20c 20c Dunlop Class 2-8 Buckeye 3-15 Buck 7- 6-11 Buda 2- 1 Budd 9 2-15 4-14 $30c 3-15 2-15 3-15 2-15 20c 3-15 2-18 15c 2-15 2- 20c class Line Falls 1 2-17 2-7 Coigate-Palmolive-Peet, common S3.50 preferred (quar.) 15c 3- 8 2-15 Colonial $1.25 3- 1- 2-15 Colonial (quar.) Ltd., Pipe Hill 3- 4-30 common A B 2- 2-28 2-24 30c 90c $7'/2c Mills, Class 8 Co., preferred 4-30 $1 Co._^. Co. (quar.) Company Company, common prior preferred (quar.) $5 2-28 2-4 Buell 60c r'5c 3-15 2^25 Bullock 3- 1 2-10 Bunker 3- 1 2-10 31'Ac 3- 1 2-11 Burkart. 4- 1 3-15 Burlington com— 30c 10c 2-15 12-30 lquar.)_ $15c 3- 1 2-10 3'/2% 25c 3- 1 1-29 47o (quar.)—— 2-15 17c 3-15 common receipts for 5% Brown 2-28 43c —_—•_— 2-5 50c ' 5% — 2-15 .1-31 2-15 1 3-15 25c class A (quar.) Co., Ltd., common- A Class 1 3-15 $1 30c (quar.) 1 2-28 40c tquar.) Cotton 3- 20c —•___ Corp. 4-1 40c Products, Yellow 2-10 4-15 $1.50 (quar.) $2.75 Columbia Class 3- Inc. Fibre b preferred 60c Celanese, Ltd.— American 37%c 37'/2c Corp. (quar.)—— (quar.)—— Co. 2-15 1 $1.06'/4 dep. receipts for 5% British 75c Tobacco $4.50 Faper t5c (quar.)_ com. deposit :„ Increased American cnumpion J25C l_ dep. receipts for 5% Amer. 2-19 1 dep. Amer. 2 19 1 6- $$1.12V2 $1.12% > (quar.) 2-16 3- 90c — Co. (quar.) Service-- Public 1 2- 40c Insurance & century Ribbon Mills, Chain Belt Company 3- 50c pfd. Inc., Co. Hose registered — Foundries Vermont Co. I (quar.) 1-15 ~35c Inc.— Surety 3-18 2-15 85c pfd. (quar.)__. Power, com. (quar.) West Soya 2-15 3-31 40c (quar.) (quar.)— Corp. (quar.) South & Central 2-15 ' < . Bearing American 3-15 Building Co. (N. J.)_ & Refining Co.— Steel •1 (interim! British-American 1 3- 2-15 2-28 $1 Co. 3.40% & preferred Central • Coach _____________ 1 common Light 30c —— Elccliic Power, Central $1.30 preferred (quar/) Bristol-Myers Co., common (interim) 3% %: preferred (ouar.)____ American. Smelting American 6% Company & Ltd., 4- pfd. ■ Y. Central Cordage 4- quar.) $3 Co., 4 common 1'■ 4 25c American 4 2- (quar.) preferred Inc. Inc.., 28 %c — American 2- 2-15 3.6% 2-15 2-15 25c (S.) 31'Ac 31'/4C — Special stock dividend 3-15 30c (quar.) preferred $3 Manufacturing Bourjois, 1-28 3- 2-7 1 3- 2 '/2c Inc., Company Boston 9 1-28 >3-11 25c Co. Ohio Corp convertible quar.) Y.) Central Co. quar.) (N. 2-15 — (quar.) Laughlin, Borden 9 1 >3- 20c Razor American American & Amer. Co. 1 $1.75 Bryson, Holdings 1 3-15 4- & (Phila.), 3-15 Poundrv Re-Insurance 3- . 1 (quar.) prefeired 2-19 $4 American. N. (quar.) Co. Sivalls 4.25% 1 (quar.) A Central • 50c (Del.), Corp. Co. 1 B (quar.)__ preferred (quar.)_American Pulley Co 2-15 2-18 Oil 4- Class. 1 _________ Birmingham Water Works, Bishop 3- (quar.) News Co. (bi-monthly) Potash & Chemical— 3- JlOc Motor 2-7 3-1 $1.25 2 '/2c 5 5 2-18 37%c (initial preferred preferred ^4'/2% Louisiana 50c 3- 3- 3- 10c Ltd., & Co., Central Extra 3-15 2-28 50c (quar.)_— Machine American Steel 3-15 $2.40 preferred (quar.) preferred (initial preferred (initial 4% 3-15 — class A preferred (quar.) Manufacturing Co. Eibb 75c 'A % 3-15 1 (s-a) Associates, Spinning Sons, Ltd., Boston (quar.)__ Common (J.) Bethlehem American Investment 5% 1 $1.06'/4 commoh for each 100 shrs. B (quar.) Company (quar.) & preierred (quar.) 4- — Fine Illinois 12'/2c (quar.)—. Continental of Inc., ... Bertram 2-15 2-15 75c 6% pfd. Lines, "held Boss Home Products (monthly)——— Indemnity Co. (s-a) Co. (Illinois) — American 1 2-28 62%c American Hide & Leather, -' Blumenthal (quar.)— pfd. $2 . share One 2-21 3-15 (quar.) preferred $3 2 2-18 3-1 27'/2c Co., .5% conv. pfd. (quar.) Public Service, common--; 4- ' (quar.) preferred .1^2.50 2-14 iquar.) Holdert Payable of Rec. 17'/2c Foundry i£de —■•- Mines, Ltd. (quar.) Quebec (quar.) com. When share _ Light & Power, preierred Central (quar.)_ Beneficial Industrial Loan (stock dividend) 2-10 4- 30c 4 1 3-15 Corp., General American preferred Heminway 0] Company Arizona " 20c 3-19 3- held—, share each 4'A% Belding Berkshire 5c . oC $1.18% 25c ■ American 1 3- $1.12% ■-_ — Furniture American . Co., Hoe & Fork. American 2- 3- 40c $1-25 12V2c 12 %c 12V2c 30c .(quar.)^— Tiling Co. (quar.) Forging & Socket (quar.) Encaustic 4 2-28 $1.75 preferred 5% & Belleterre 3-14* 4- 50c 4c 75c (increased quar.)___ Common American Bell 2 2- 1 3- —30c (quar.) — American Business Shares ',quar.)__.—s American Can Co., common (quar.)___ 7% preferred (quar.).---— --•American Chain & Cable Co.— Central 115c preferred (quar.) _: Howell Co., common 5% 9 • - Board Co. Box 2- .4-1 25c — . Quarterly American 2-18 1 (quar.) ________ — • Per Name 3- a S.) Shoe Corp., 4%% pfd. Manufacturing Co. (quar.) (A. Common . Automobile Insuiance (Hartford)— American 1 3- J25c 20c Aluminium, Ltd. (quar.) $50c American Aggregates, 5 % pfd. (quar.) —$1.25 American Airlines, 3%% pfd. (quar.)___ 87%c American * Aggregates Corp.____—$1 American f Ltd.— (quar.) Mfg. Co Goods Holdert When "25c Belgium Glove & Hosiery Co. of Canada, Ltd. 15c ———- Canada, of preferred .•4.% Aluminum (reduced)—— Inc. Beck 1 ——--—— —— Brewing _—a— (quar.)— Mills, 3-18 3- 35c 30c (guar.) (quar.) Company 4-20 Beaunit 25c 75c $1 Inc. -(quar.) Allied 3-15 4- Monday, February 14, 1949 Payable 0) Rec. Share ■ • 1 CHRONICLE FINANCIAL Per Name of Payable of Rec. Share of Company & Holdert When Per Name COMMERCIAL ■THE (708) Die Machine & ' Sullivan & 2-25 3c Ltd.—— Fund, Hill Co Mining 3- 20c 1 1 CocKshutt Common (quar.) Co.— (now on Common quarterly a (quar.) 9-1 8-1 50c 2-15 1-25 87'/2c 3-31 3-15 +$7 2-25 1-25 50c 3- 1 2-18 50c 3- 1 62'/2c 3- 1 2-18 45c 3- 1 2-15 3-1 2-7 (quar.) Steamship Lines Ltd Stores, Inc., (quar.!__; common 4% * prefeired 2-15 5'% 1 (quar.) (quar.) preferred Colorado 2 }20c 2-15 ■1 basis) (quar.) Common , Concen- & Plow Central ' Power (quar.i 2-18 ' Extra ; , 5% preferred Wringer >Co. American American Lead Laic, (quar.)—___ & Smelting Co.: Angio Canadian Telephone, class Anheuser-Busch, Inc. (irreg.j A trating Co. ■' , Mills Cotton Common (quar.) $1 3-31 (quar.) $1 $3 6-30 6-23 6% $3 Farms Co., 50c 25c 2-10 3- 1 2-10 3- 1 2-10 $15c $$1.12% 3- 1 1-31 _ Corp., Ltd., common 4'/2 % convertible preference Argus Arizona 3-1 75c ______ (quar.)—1„_. (quar.) J Natural Arkansas Steel Armco 4'/2% 6% Gas, pfd. (quar.) $4 Artloom Oil Refining, & Corp, Associated 7% Atchison Atlantic Atlantic Refining Powder Co Tack Autocar 1 3-15 3- 1 1 3- 2 A preferred Canada series B convertible 5% convertible 3-15 2-21 3- 1 3-10 2-24 2-28 2-io 3- , 2-15 2-10 1 3-" 1 25c Co. 25c of C T.), Baldwin Locomotive Balfour Building Show, Radio Baltimore & (quar.) Barium $1.20 Base Co. of Canada, Oil Y.) Co. & Ltd. (quar.) $1 .40 3- 2-15 Canadian 1 3-1 2-18 2-15 2- 3-15 Paper, 2-28 3-15 2-17 1 (quar.) __ $$1.12% 3-15 2-14 1 (quar.) Foundry, Ltd., com. 3- 5 2-18 3- 1 Products, Ltd., Ltd. (quar.) . 3- 1 2-15 4- 1 2-28 Continental 7-30 7-15 Cook $20c 2-22 1-31 3- 1 2- 1 3- 1 2- 1 1 Oil 1-31 Cooksville 3- 1 2-15 Cornell $18%c common 4- 1" 2-28 $25c 4- 1 4- 1 Ltd; Cos., Ltd. Co., 3- 1 2-15 $$1 3- 1 2-10 3- 1 2-10 2-15 1-26 $20c ; Utilities. Western Lumber, Products; Ltd I $37 %c $30c Corp., 4- 3- 1 3- Cosmos Crane Natural Co. 1 Crown 2-15 7-15 6-15 4- 1 3-25 3-11 2 1 3-10 35c 7- 2 6-10 Casco Corp.. for class or¬ Pirie, Corp. 3- 1 1 Case 7 % t: (J. 3- 1 . 25c 3- 35c 2-25 1 ■ Caterpillar Tractor Zellerbach, $4 preferred 2-11 2- 2-25* 4- 1 3-15 31'/4C 3-1 2-1 3- 3 2-11 (quar.) 25c 3- 1 2-11 75c 3- 1. 2-11 (quar.)— $15c 3- 1 Ltd. Atlantic >. 3- 1 2-15 2-10 1-29 4- 1 3-12 t40c 2-15 1-31 3-15 3- 28'/»c ;1 (quar.) Co., 3- $1.75 4- 1 25c 3-15 2-15 preferred (quar.) 2-15 2-18 ' 1-14 2-14 $1 3-1 3- 1 2-14 3-31 3-15 2-28 2-14 $1,05 preferred 2-11 2-28 50c (quar.) (quar!) $2 - Corp.— $1.75 (quar.) Sugar Sugar, 1 3-18 7- 1 $1.75 common 4- $1.75 9-30 6-17 9-16 50c ' : 4-11 4- 1 7- 1 3-17 3-17 6-16 $1.75 (quar.) (quar.) $1.25 (quar.) $1.25 Cuneo Press,.; 3V2% Publishing 87'/2c preferred-(quar;) Co., preferred $7 pfd. (accum.) ___ $1.75 -. 2-15 2- 2 1 4-1 3-4 3-4 75c (quar.)_ 1 1 2-15 2-15 4- 3-12 2-28 1 2-15 1 $50c common Ltd. (quar.) 8% preferred preferred prior 1 93%c (quar.) 2-15 40c —— • 2- 2-28 J8c (increased) preferred 2-15 25c A preferred (quar.)„ ,57/, 2-15 25c preferred (quar.)_ 5% . A 7 $1.12% (quar.) (quar.)——! 3-15 4 10c common class Securities preferred Cuban $4 (quar.)__ Co. 25c (interim) (quar.) Cyrtis r Co.— jir^ferred ,(quqr.h__ 2-21 Co.— Seal, Cuban ^American > (year-end) Company, - common 2- 3-1 93%c Ltd., Seal & Forster, 7% 1-25 (irreg.)____— Scott & preferred I.) & Cork Forster ■7% 1-25 22%% B 2-19 $1 _____ .preferred & 7% —— common Products Carson, : 4 '/2 % 6-10 4- receipts 3-11 75c Co., 3%% Sexton conv. & 3-1 22%% deposit dinary (final) 3-11 1 (quar.) Investors. Crum or¬ dinary (final) American & $4.20 3-15 $$2 class A 7 1 4- • (quar.)—— Cork Crown 1-28 4-15 50c Ltd. (quar.) for 9 4- (resumed) preferred 1 $$1.25 receipts 2- $1.13 common ',7% preferred (quar.) deposit 2-21 Steel Industries— '(initial quar.) ; preferred $2 Ltd.— American 2- $1.12'/2 : Company, .Ltd., class Products (quar.) Cruni Co., 1-28 50c (quar.) (quar.) Imperial Mills, Crown Ltd. Gas Co., Company, 4Vs% 2-18 $10c WesteiTr 2-28 — Varnish & Inc. Cribben (annual) (quar.) 2-25 Wood Corporate ,2-28 $$6.25 Coro, 2-28 $$1.12% (quar.) common 5-16 40c $37'/2c ' (accum.) Steel prior Co America— Motors Paint 2-22 3-10 7- 35c 4- 25c ' 1 2- 3- 25c ... $3 Paper (reduced) Copper & preferred $25c (quar.) Ltd. (quar.) Ltd.." 5% pfd. (quar.) 2-15 $75c (quar.) 5% (s-a) (quar.)___ preferred $25c Co., of Can Continental $20c Ltd. Tire Carrier — $3.75 2-28 3- Co.. (increased) preferred $50c Ltd._ Silk 2-17 $25c . (quar.) $37'/2C Locomotive Canadian Ltd.— __ 4% & Ltd. Co., Corp. Common 2-28 1 3- $4c A ;$i .40 preferred 1 2-28 3-15 75c , Power 2-10 Quarterly 2 30c Ltd Corp., Consumers Ltd.— pfd. Canadian 2-10 3- 10% com Glass 2-21 3- Power Water Consumers 2-28 3-21 $20c (initial) preferred Continental Canadian 2-15 15c dividend Extra (quar.) Container 3-15 $32'/2C Extra i25c $12%c (quar.) (quar.) prefeired (quar.) Canadian (increased) Mining (quar.)___ (quar.) Canadian 2-11 1 preferred — (quar.)— A (initial) A' A 2-11 $37 %c (stock Corp. & preferred Carreras, I Class Class 1 2-28 6- preferred $1 3- Mills,i/Ltd.— $4.52 preference Carpenter Bathurst Power Class 3- 2-15 $50c .) <initial> I common New Canadian Internat'l Investment Trust, Ltd.— 5% 1 Textile $10c (N. Seelig Manufacturing Co., class Metals Class 3-10 $1 Steel Barnsdall 1 3- Consolidated $$1.75 4- 2-18 115c 2-10 Y.) $4.50 (quar.) A 3-25 2-15 1 3- Co. 2-15 21c Co. , Barlow & Class 2-10 1 1 3- (quar.) 2-28 Food 1 2-11 3- 25c - (quar.) (N, Co. Co. 3-15 Canadian 9 3-15 25c Laundries Paper Edison 1-31 Fairbanks-Morse 4- 40c Consolidated 2-15 2-10 2-10 3-10 2-15 Consolidated Consolidated Canadian Quarterly Extra 1 4-15 1 30 '/2c 4'/2 % 3-20 2-15 Inc.— 3-31 (initial) Forgings, 1 1 .£- 2 1-31 & 2-15 43- $1 2-15 Insurance 1 3- 10c SG'Ac 50c 27 %c Life 1-31 3-10 37'/2c 1-29 Co.— State 2-15 3-15 $1.50 iquai.i__ preference 3-11 New 2-15 (irreg.)— Co. 50c Car 3- 15c Shippers Insurance Barber-Ellis 3- participating Coal 4-16 $15c •Class A A p.tl. 3-23 1 2-1 1 — (quar.) 2-15 - 2-11 2-15 3- Cigar Corp, (quar.; 1-31 (quar.) Canadian 3- 5c (interim). shares Consolidated class 1-31 Regular Andes— Los American Bankers com. (quar.) preferred de Inc., Consolidated (Toronto) Industries, 2-15 Breweries, $1.05 (s-a)_ (quar.) Consolidated 3-10 Chemical (quar.) Vinegars, 25c 30c (quar.)— (quar.)—_ Works, 7% pfd. 1 3-10 $1 Canadian ,4'/2% Inc. (B. Canada 25c (quar.)_ 2 3- 3-23 $1.50 2-23 £4c $1.25 (quar.) 2-15 Western A 25c (quar.) America Collieries Corp. Ayshire Banco (quar.)_ 2- 3-15 6> preferred Co. 62 '/2r Safeway, Ltd., $1.50 preferred Canteen Babbitt 6% preferred 1 Power, 40c Power 62 >/2c Service Foundries Canada 2 11 $5c (quar.) 3- 15c (quar.)_. (quar.) common preferred Class 3-11 Ltd (quar.)__ 75c Association $5c (s-a) (quar.): Water 1-28 1 Automatic Packing, Co. Canadian convertible 5% Power Ltd. Canada Cement Co., Ltd., $1.20 pref. (quar.) Canada & Dominion Sugar Co., Ltd.— 2-11 • 50c ———______ Consolidated 2-11 3- 2-15 )— 50c Corp., Extra 2-11 2-25 2-15 1 3-15 Inc., $1.75 Semi-annual 2-28 3-15 3- pfd. 25c Electric California Connecticut $1.12% (quar.) (quar.) .4.4%;' preferred 2-28 Connohio, 2-18 25c preferred (quar.) — preferred 5.3% (quar.) 1-31 2-28 5% dividend) pfd. 7% Co. —; California 2-15 50c Ltd 4'/2% Co., M.) Jackson. Co. 6% 4 3- 1-20 2-1 3-1*1 (accum.) Liie River 3-10 30c (stock Co. Brothers, California Company— series 5% Terminal California 3-. 1 50c (quar.) Corp. Co. 3-15 Connecticut 20c (quar.) 2-18 2-15 Quarterly Water I 25c . Gold ,Mines, Aunor 3- $1 . (irreg.) Co. Atlas 1__; (quar.)— Co. Brewing Atlas Couieocracion Corp. 4 2-15 t$1.50 7 7 (A. 2-8 3-15 $1.50 (quar.)— preferred 710- Extra $1.50 $1.75 Ry. Fe 7% 7 7-28 10-28 Calgary b. Edmonton 40c (quar.) Dry 4- $30c $30c Byron 3-15 4-28 3- 50c Corp. $5 Htunnshtre < New Quarterly 3-15 25c Topeka & Santa Coast Line JRR Atlas Cr»-"-ord 9-15 30c (quar.)__ Goods, common 1st preferred (quar.) 2nd preferred (quar.) 6% 7 $30c 2-18 t'/ac 4- Gas 4 $1.06'/4 (quar.) Ltd. 4-28 (quar.) 1 25c (initial) Commoil, 2-15 3- 15c pfd. (quar.) $30c B Byers 30c (quar.) 7 Co. ; tquar.) $4.25 International Butler $1 — common preferred convertible $1.20 Aspinook (quar.) Co. Carpet Ashland 4- 4-28 Inc. Corp., Carbon ' , System, Telephone. 3-31 12- (reduced) Commonwealth 10- 2-15 Pictures, B Commonwealth 6-15 25c Gas Columbia 7 Increased quarterly 3-15 Co._ & Hoffman Arnold Columbia 3 7 3-15 2-15 ^ Class 3 2- 7- 1 93%c (quar.)— preferred 3 2- 10- 1 1 2- 1 1 1 35c (quar.) 3- 35c 7-28 7- 3- 1 3- $30c 25c 37'/2c System,— 10-28 4- 40c 33- Columbian :___ (quar.) (reduced) A $1 (quar.) (quar.)___ Burton-Dixie 4-15 Cork Co., common preferred (quar.) Class Burroughs Adding Machine Co,—"/■ i 3-15 Armstrong $3.75 l 62'/2c (quar.) 2-3 Quarterly $1.12'/2 com. (increased) (quar.) Corp., preferred 1 Elevator & Broadcasting $30c Bush 15c 3- Milling preferred 5 $30c Butler $1.25 $1.25 $1.25 preferred $5 preferred Columbia 87'/2c preferred (quar.) Quarterly : . 1-31 1 2-10 Company— A Class Co Edison (quar.) (quar.) $5 preferred (quar.) $5 3- Colorado 1 87'/2c (quar.) 2nd 2-.7 3- 37 '/2c (quar.) common 3-2 50c (reduced) & Iron, Quarterly 2-11 (increased) Co. common preferred participating Participating Colorado Fuel Quarterly 6-23 1 6'Ac Archer-Danicls-Midiand Arden 6-30 3- (s-a) preferred & 2-7 2; 25c preferred conv. Class 3-23 Common 1 Mfg. Co. Mills Corp. preferred 3- 25c __ (F.) 3'/2% Burns Arcade (quar.) Extra (accum.)— . : ■ Glass Co.— Window Aiherican , ' 75c Cushman's Sons. Dahlstrom Metallic Inc., 7% pfd. (quar.) Dcor (Continued on page $1.75 15c 46) 33- " % Volume-169 Number 4777 THE COMMERCIAL & FINANCIAL CHRONICLE Stock Record «» (709) Stock Exchange DULY RANGE OF PRICES weekly volume of trading yemly range of sale prices for every listed issue Range for Previous 8TOCKS Year 1048 Lowest 9 per share 63% I per share Oct 76 79% Dec 2% Dec 14% 69% Jan 3 44"% Jan 4 17% Feb 10 3 % Jan 46% Jan 35 Jan 5 38 41% July 28 Jan 3 30 7 % Feb xl8% Dec 99 4 108" Nov Dec 65 4 Nov 2% Dec Dec 5 -) 19% Jan 3> 22 y4 Jan Jan 3 - ».■ Jan 43% Feb 11 47% Feb 75" 64% Jan 24 65 Dec 34 May 100 Dec 109 90 Mar 96 May Apr 25% Dec 25 11 8 .•>" 91 Dec : 5%% $2.50 102 7 Jan -18 92% Feb 11 8y2 Jan 10 177% Feb 11 188 y2 Jan 24 17 , Feb 3. 26% Feb 11 83% Jan 42 Va May 18% Feb 11 25% Jan Jun 8 25% Feb 1 28 Va Jan 26 28 % Jan 90 11 6 Jan 98 Jun 77% Jan 3 28% Jan 7 81% jan 31 Nov 3% 31% Oct 26% Jan 3 28% Jan 22 Nov / 83% Feb 34% . Dec 6% 121 52% / Get 47 > 6% May V 50 i Jan )l Nov ' Nov 31% 6% • Sep 163 Vj Oct 177 r - a 35 Jan 10 7% Feb 381 Jan' Kid 27 May Aug Jan 20 7 Jan 11 22% Jan 107 %: Jan; 8 7 108 y». Feb Alpha Portland Cement 3%% conv f. 8% Amer American 3%% cum 8 16 Jan 25 17 ' Jan 8 Jun 79% Jan 18 Feb Oct 35% Feb 99' 3 49% May Jan 29»/2Jan 7% May Oct 14% Mar Jan 5 40% Jan. 7 102% Jan Jan 7 6 Jan 6 17% Jan 17 American Dec 19 Apr 13% Jan 15% Jan 22 Sep 4% May 89% Jan 1% Jan 2y8 Jan 10 Amer & Dec 6% Dec 4 14% Jun 37 Nov 77% 35% Dec 43 3% Dec 6% Jan Jan 31 37 y4 Feb 4 53 Dec Jan $7 2nd preferred A 47 y4 Jan 27 26 American 7 American Ice 5% Jan 75 Va Jan 6 _ Jan . 75% Jan 24 24 6% Co non-cum 17y4 Jan 24 20 American 96 y4 Feb 10 Locomotive preferred Range for Prevlom Range Since Jan. 1 Highest Nov 6 Dec 21% May 94% Jun Dec 72% 10% May 24% Mar 93 < 35 Dec 5% 11 13% Jan 79% Feb 5 6% Jan 7 11 30% Jan 19 Jan 96% Jan 4 •5% Jan 1 3 Dec 32 Jun .7% Jan Feb 1 101 Feb 11% Nov 83% Feb Nov 70% Feb 10 12% Feb 16% May 13 11 Nov 6'/2 Feb 38 Sep 46% 176 Dec 16% Feb 139 Mar 125 < x Nov 10'% Deo v 34V2 Feb c Dec . Oct 131 46% Feb 115% Nov 6% Dec x337/a Nov Dec 90 76% Mar x5Va Dec 51 Nov 30% 7 Jan 20 7% Jan 7 4 26% Jan 27 11 41% Feb 3 7 56% Jan Feb 11 154 Vz Jan 36% Jan 18 130 Jan 3 7 / Feb 134 Feb 28 Jan 7 American Steel 23% Feb 9 American Stores 24% 1 . 17 Va Jan Jun 143 Jan 18 4 Jan 60 Jan Mar 135 Jan 3 58 Va Feb Jun 118 Apr Jan ! 6% Jan 56% July 34 American 145 63 >.' Jan 3 24 Jan 7 119% Jan 10 7% Jan 3 11 38 Va Jan 26 7 *153/4 16% 14% 14% 900 143/4 14% 1% 14% 1% l7/a 1% 2,000 1% 1% 2,900 51 51 6% *44 37 50 7 6% 46 45% 36% 3% 3% 36% 3% *46 25 24% 5'/4 *66 5V2 *66 11% 11% 16% '16% 16 Vz *16% V. 16% 101 *98 99% Jan 13 , Monday 11% 11% 11% 17% 11% 16% 16% 16% 16% 16% 16 % 16% 16 99% 16% 96% 2,600' 6,300 96% 96% 400 16% 99% Tuesday Feb. 7 13 16% •98 *66 12% *66 98 12% 6% 102 *100 6% *26 Vz 101% *6yB *32V2 • * *100 6% 32% * 6V8 27 6% 7% 12% *78 32% 8 7% *6'/8 76 800 84 83 V2 ' :<-"71% 13 Va 13 Vz 172 *25% —100 5y 25 25% 38% 50 Va 151% 150 34% 35 49 Va 135 *132% 10% 100 _5 common—No par 50 V4 100% *100 101% 6% *6% 6% 101 101 *6% 6% 32% 32 V8 32% 7% 7% 8 83% 7% 84% 83% 84 71% 72% 70% 71 49% 149 35 135 *133 Va 13Vi '84 72% 13% •172 13% 173 x63/4 13 % 171 6% 6% 24% *24 24% 24 39 *38% 39 38 % 50 50 1491/4 51 149 Va 35 *34% 135 *132% 26 Va .23 26 4 149 Va 35% 135 22% 30 6J/2 . 77/a 83% 12,800 1,700 837/a 70% 707/8 vl3>:/ *171 800 . 2,200 13 Va / 17,200 173 60 7 6% 7 4,200 23% 24 1,200 38% 50% *22% 500 900 38 35 135 38% 6,200 146 35 500 35 *132% 26% 250 49% 49% - / 142 700 135 25% 25% 3,500 ' 23% V;.J. 24 149% 26 290 <! 32% 7% ' 13% 49% 35 6 Va 32Va 172 147% *132% 26% * 6,400 6% - 23 y8 22% 22% 500 10"% 10% 10% 10% 11 10% 10% 10% 34 10% 33% 33% 33% 33% 33% 1,700 33% 33 33 2,800 125 200 *126 127 126 17% 17% 17% ' 147/8 147 Vz 65V2 59% 64Vz 142 , 17% 147 65Vz x62 Vz 142 142 58V2 59% 58% *118 % 119 34% 100 Va 101% 12%' 79 *32 Va 24 35 147% <-71/4 26% 12% 77% 1% *37% 151V4 171/2 119 26% 12% 79 10% 128 141% 26% 12% 79 33V2 \ 34 64% 26% 7 247/a 59V8 '26% 173 *37'/2 141% - *6% 7 1.47 Vz 100 6% *172 34% *126 L- *6% 7 26 . *6y8 ,26% 6V4 28 173 49% 34 12% 79% 6% 1 40 *10% 100 12% 79% *172 7 Va Shares : 12% 32% 13 Va v I per share 79 % 71% 72 Va 13 Vz Bales for the Week Feb. 11 • per share 83% 83 Vz 72 Va Friday Feb. 10 • per share 7% 32 8 72% 172 Thursday Feb. 9 < per share 79% 27 Wednesday Feb. 8 79 ' *151 Va par 119 V4 *118% 7% 71/4 35 34Vz 73/3 7 Va 35 34% 126 125 125 17% 17% 147% 146% 63% 142 63% 142 59% 119 7% 17% 63% 17% 17% 146% 63% 63% 7% 35% 36% ♦88% (92% 142 143% 59 60 119% 7% 127 145 y8 147 142% 59% *119 35 *122 59% 119% 7 Va 35%: 119% 7% *123% *17% 145 17% 700 146 63% 17,300 64% 142 6,800 143 440 59 3,600 58 '/a *119 119% 7% 110 7% 1,200 36% 35% 36% 10,800 92% 89 89 *74 80 32% 33% 26Va 26Vz 27 27% 27% 26% 26% 103 Vz *102>/2 103% 103% 103% 60 *50% 51% *50% 51% 600 19 19% 5,500 *10 10% 104 X 7% 4 10 Va jan - 12» 4y4 Jan 5 30 y4 Jon 28 preferred —100 $4 conv prior preference—No par Amer Zinc Lead <fc Smelt com 1 Anchor Hock Glass 13 11% *16% 33 27 .. *11% 17 33Va Jan .. 11% 33% 55% Jan ■ 800 32% 23% Jan i1'!* ;10,100 5% 33 Va 8 24. 25% 5 Vz 76 33% 8 3 100 24% *66 33 18% Feb 20 53/4 76 800 33% 50% Feb Jan 25% *5% 600 4 ■ 48% 32J/2 Jun 3% Jan X25% 5% 5% 3% *46 50 Jun 27 25% : 33/4 48% No par Va Jun 4 *46 3,400 1,000 36 Anaconda Copper Mining Anaconda Wire & Cable 36 6% May Woolen 5% *33/4 47 25% 36 7 60% Feb *98 $ per share 79% 40 par common—14 Inc— 3% 47 • 8 18% 10 Co 3% 3% 2,300 6% 44 35% Jan > 46% Mar Apr Works 36 51 6% *42 35% Jan 7 102 12% 7Va —100 : 36 Va 50 67/a 433/4 36 76 11V2 16% 50 6% 43% 25 28% Jan V Jun American *5% 76 50 7% 44% 36% 48% 24% 51 *6% 44% 2,100 $5 prior conv preferred 8 Sep Am Water *46 25 51 7% 37 3% 48 Vz *5% 76 *36 51 46 5 24 3 ,j 98 ...... 16% 14% 1% 6% Jan 10 Feb Feb page 16% 14% 1% *4% 57% Jan 14 32 see 16 14% 1% 5 7 52% Jan 33 Ptt footnotes 16 14% 1% 4 ; 5 7 May 34% 16 1 4 3 25% Jan Dec 5 16 14y2 2 5'% Jan 5% Jan Jun preferred American Viscose Corp 5% preferred 1,500 3,100 Jan Jun 41% May Tobacco 7,300 80 9 Jan Nov 29% 80 37 90 Feb 45 y4 6% Sumatra 1,100 84 16% 23 American Tel & Tel Co American Tobacco common 3 Jan 73 38 Vz 4 29% 5 Va *83 5Va 22Vz 6 67% Feb 3 89/- Feb Jun 112% July - 30% 5% *83 *15% 22'/2 5 3 ' No par Jan 11 71% July 14 ' 29% 5Va 5% 23% Stove Co„ 150% Jan 17 500 100% 30% *22% American American Sugar Refg common 7% preferred 107 30% 30 25% 17 67 30% 30 26% 10 8% 29% 100% 26 13 > 30 Va 100% 26% 37% Jan 104 100% 26% 12 y2 Jan 8% 100 V\ *132Vz 126% Jan 144 100% 100 11 120 100% Foundries—No par Co No par 11 Feb 24 preferred Feb 158% 68 Vz 100% 36% 13% —25 10% Feb 11 2,600 15% 37% 84 —100 coin 123% Jan 33 15'/4 83 36% 11% > No par ; Jan Oct Feb non-cum 10 >■ 16 83 *32>/2 No par 41 May 131% July 20 Ya May 30 Mar 6% 16 ' 40% - 84% *6Va —__Nopar com preferred 8 39% *15 37% 16% 1 : 6 *15% V 36% 48 Vz *100 Building Co No & Refg common—No 25% Feb 16 36% 6V2 Seating 21 y» Jan 15% 40 1,800 V< 108 85 79% No par Apr 15% 40 *15 16 700 20%' *108% 85 27 V\ Co Snuff Co 40 y4 20% 108% 35% 17Ve - American Smelt 39% 21 *108 Va 78 > '37% 9 per shore Amer Ship 7% 108% *15% . 21 21'/4 108 Va 360 2,600 ' 101 Vz 52 *98 4 Am 21 * 6,900 29%-- 36 Va 16 Vz - American 78 84%' 176 '• 101 Vz *6% Co 78 *16% ,_100 Light 2,700 78 *11% 100 $6 preferred Jun 25% 8 ! & 9,300 3% 37% 27% News Co Power 7%* 3Va 101% 5% $5 preferred —No par Amer Rad & St San'y com—No par 7% preferred -100 American Safety Razor 5 10 5 142 Jan Amer 35% 116% Mar 147% Mar 54 % Mar 49% Feb 27 -• American 1 Jan 14% Jan 173 preferred American Moiasses 7% 3% 79 15% No par 4V2% 27 Dec 16% Feb 3 34% Jan Jun 35% May 140 25% Nov 21 •: 3 38 May 163% 85% Feb 75 < 7 23V2Jan f", Apr 68 Jan Jan 8%-Jan 20 3 6% Jan Oct 46 v 170 Jan 281 Mar 31'. Jan 12 Va i Feb 22 x34 11 69VA 95% May 86% May 10 0% Jan 8 6% Feb 100 8 *77 15% com_Nopar Ltd Co %l 7% 79 40% No par — American Metal 102 2,200 3i/4 : 28% 15% Saturday Amer Machine & Metals 26% Feb ' *100 102 -34 84% . 180 800 34 175 Va 15% Feb. 5 8 34% 29%' 15% *66 Par 3 8 10 87% 15 Vz 50 STOCK Jan 80 Va 162% YORK *9% 9% 176% 15% EXCHANGE t per share 6 Va Feb 35 t. NEW Highest 66 LOW AND HIGH BALK PRICES Amer Mach & Fdy Co com 3.90% preferred 76 Dec 8% Feb 12% Feb July 98 Dec 29 Lowest I per share 66 29% 15 V2 STOCKS $ per share 1,600 65 86'/a 16J/4 *5y8 100 1,200 20%. 175 y4 176 > 33,200 - 57 ,t. 16 85 8 *55 20% ;. 87%, ••<»•- 7% 100 21% 29% 20% 85 8 56% >29% 175 108 y8 85 2,200 29% ; 175% 39% 85 40 . 102 ■' 3% 867/a 37 29 175% : v 20% 101% 1 common 87% 2,500 34y4 8y8 : 3% 800 91%'. 9% .< 103 8 " • 41 91% 1 79 30 108 y8 29% American International Corp_No par American Investment Co of III 1 187/8 Jan 87 175V2 40% 37 100 7 < 3% *15V2 No par 11 89y8 ♦101% 8 * 108%: 25 17 Year 194H 103 7%" 3% 40% *47 Feb « *108 Va 1 16 % Jail 12% *102 3 Va ' 41 I 65 ( 34% 103 *3 1,500 21 ■ 10 Va 41 50 16 Lowest *9% 34% 21 y4 3% 11%" Feb f per shore 10 Va 34% 20% 1 preferred 65% 800 28 37% X561/2 *9% 21 *36% com ♦64>/2 900 9,000 92% 45 . 7% > . 600 27 >26% X27% -3 92y4 37'% 20% 34% 79 16Va >, 58 20% 10 79 108 Vz v 8 57 >/-■ 65 3 , 17 26% 27% *41 34% 82 -.-10 com 29 Va 7% ■. ■„ 21% 65 3V4 88 6% Jun 7% 66 8 Va 175% 46V2 Jun 20 7% 5« 3% 45 ' 3% 30 6% Jun Jan 7% 57% *20% 77/8 ' 90 *44% 19 102 3% 14% 15% Jun 8V4 *1% 26% 108 QVa *14% Dec Feb 9% 34 *101% " 103V\ par Jan 95% 64% 17 16% 7 21 10 *16 13% 12% Jan 8y8 57Vz 21 ' 66% No par Home Products Jan 7% 57% 8y4 58J/2 21 No par 26 y2 Jan 20 37% 37% 41* No par Jan 8% May 92 preferred Jan y4 Jan 37% 40c Export Lines Inc_ 24 y4 26% May 4 38 *108% * 26 91% * 20% 1 Foreign Power com__No $6 preferred American Hawaiian SS Co American Hide & Leather 6% conv preferred 3y2 Jan 91% *77 No par 47 Jan Feb $7 29 51 Jim Dec 7% Jan 38% Jan 35% Jail 20% 5% 31 Jan 7% 10% Feb 57% Jan % May 46 79 Jan *41 30 10 / 100 Encaustic Tiling American 1% 27% 90 89V4 10 com American European Secur 13% 42 27% 45 ;i75% 175% American Cyanamid Co com——10 3%% conv preferred series A_100 American Distilling Co 20 12 31% Jan 3 Jan 16 19% Colortype Co Crystal Sugar 4%% prior preferred 85% Jan 22 8 Jun 27% 90 3V4 • 9,900 80% 27% *41 K - 26 80% 27% 91% *102 ' 25% 81 *80'% 38 Vz 34% "34% ; 26% 26% 46 ; 1 100 80% 89 y4 10 1 89 26 y8 *41 • " *86% 80% 47 *64Vz preferred—_No par > Chicle Co :—No par American 43 . 4 86 >/4 26 Va 38 2,500 17 80% 92 % 10 178% 26% 25% *3 - H 177% 17% *80 y» 3 8 181 8 X86y4 3 58%' *7% v.-yi 38 Va 4,000 700 '92% 26% 27% 89 3 21 92% *26 80 y4 27% 24 % 101 *17 80y4 27% 3,700 } 26% , 3 , 25 American 11 107% < Inc 18 26 V4 y/. 19,100 ' 66 23% 101 7% 180% 25 Vz 27% 130 2%' 44 *63 24% *7% 27 *87 Va 2% 98 26% . 1,700 * - <180% 26% 6,800 13% 65 % 43 Va 101 8 26% 5,800 13% 2% *93 Vz 3% 65 Vz 44% 23% 20 100 2,200 11,700 105 3% 66 101 3 - non-cum 15 y4 Feb 94 Feb Co 24% 88% ' Broadcasting American 15% Feb 86% 2% 44 y4 •63 101 *17 < 20 66% *87% ' „— Jun *87% 41 *100 13% 65>/2 66 180 17 % 27% 20% 105 13'/4 \hr *7% 26% 26% 90'% 7% preferred —100 American Car & Fdry com—No par 7% preferred : 100 American Chain & Cable No par Jun 17 Va 26% 38 Va- .—50 ^ V;;« •' 18 26% 27% 17% *38 3% *92y8 • 98 180y4 20 y4 4514 24% 7% 15 y4; 3% *41 - 10 common •• *7% 29% 15 2% 101 98 180 29% *100 3 American Bosch Corp class A I Amer Brake Shoe Co com— No par 4% conv preferred————100 5% --v.- 27% common—, 1 preferred: 100 conv American Bank Note 6% preferred 7 '• i- 26% 26 V2 80 Va 80 V4 : —No par Co com 1 Chemical_No par Airlines *26 26 preferred 5o Petroleum Corp—No par Agricultural 22 % Dec Feb par convertible Amerada 20 Va i Leather 26% 27% 88% *87%, ■■■* .. *17 26y2 27 25 4,900 15% 13% *64 6,300 17% 29% 66 Vz 2% 44% 102% *92% 8 common_No •. . 25 48 % 17% 38 3% 13% 2% *100% 184 preferred———100 - ■ Amalgamated 3 44 y2 Jan 8 *7'/2 ISO'/b 100 Mfg 24% 98 20 V2 *65 66 102% 18 13% 45 24Vz *92% 47% 1,900 29% J 105 3% 66% *64 *100% ic 20 V2 *100 3% 66 4'9% 3,100 2% ' 20% 105 46 2% 17 Vz 16 2% *44% 778 preferred Allls-Chalmers *64 25 *17 29% 15% *65 2y2 3 Shores 72% " 80 38 • 15% 13% 71% *70 15 41 29% 20 73 48 y4 4 17% the Week t per shore 80 *2% 49 V2 17% *38 29% *100 66y2 184 Vz Allied Mills Co Inc No par-' Allied Stores Corp common—No par 4% 44% 67 2% 47 17% ■sti: 3% 13% 184'/a ' 2% 40 72% *70 15 3%' 2% 73i/a Bale* for Feb. 11 t per share 80 29% 20% *7% Amer Cable & Radio Corp American Can Co common 33% Jan 1 39 y2 Feb .: American 82 4 20 y2 Feb : 17% *38 105 No par 5 7 177 11 ~ Co 72% *70 2% 46% 45% 18y« 1 3 91% Jan 17 4 28% Feb 11' *65 101 Allied 13y4 ^ -98; Allen Industries Inc.. Allied Chemical & Dye_ 46 16% 19% 46%;;:47% ,<< 24% 72 y8 Friday Feb. 10 f per share 80 2% 40 15 2% *63 gtd_ 100 / 3% Jan V 3 77% Jan Jan ^ 2% .3% 66'/2 2% 100 — 10% Jan; 3 - Jan 173 104'i 10 Jan Jun May Dec 5 3 10 Feb Jan 51 Dec 25 6 102' Jun 110 33% 7 y4 jan '49% i 94 % 7 Feb 1-1 100% *' 14% Jan A *65 72 *70 29% *100 . 13% 101 3 24 66 • 10 Jun Jan 15 19 60% Feb 3 19 Dec Dec 81 20 32% Jan Jun - 10V4 18% Mar 38 Jan 8% Jan 4 - 13% 72% Tfcwnday Feb. 9 shore oei ' 3V2 "?93 Jan 31 9V2 Feb 92% May Nov 104% Jan 62 y2 Jan 14% May 43% May < 6% t Feb 28% Nov / 74 51 3 ■ • 40'/a Jan '25 3 20% Jan May 111 ; Dec 76 % 103 6 ' Nov 3 ■ 70 t Dec i. 103 43 7 v 6% Jan ■ 3% Jan 11 Feb 89% Feb 34'% Jan Mar 29% July 3' ■ ' Feb 9% Mar m 41: May Juh Mar >68 18% Mar 4 58% 10. 3 -Jan ■ 5 •• ^ 105 3% - Allegheny & West Ry 6% - 44 common— preferred prior conv • ' *100% ,»• I 80 29% I6y8 20 y2 preferred-No par Allegheny Ludlum Steel Corp_No par $4.50 conv preferred No par 20 Dec 73 X25 19% Vicksburg Ry 100 4 Gold Mining_____10 17% *38 30 'V'■;> 14% 4y4% preferred—i—„__100 Allegheny Corp common 1 3 3 Jan Inc 25 Jan Jan 34% May 37% May Feb Mar 26% 11 92% Feb * 27% Jan 11 ' 100% Jan May 21% 11 23% Feb . Jun 198 Dec 81 May & *29% ——l 45% 18% 40 Wednesday Feb. 8 2% 45% 18 % No par Inc 71% *70 2% *37 Juneau Aldens 6 Dec Mar Corp Reduction Alaska 10 2% Jan 23% 16% Air 11 66% Feb 65% 2 % Feb J • 4% May 58% Oct xl71 Admiral 72y2 45 % 1 ———No par Tuesday $ per share 80 2% Addressograph-Multigraph Corp„lo 3% Jan 11, 15 72 *70 10 ,, Corp ' 2.50 Express Co— Alabama 3 13% Feb ; 7 65 Jan 17 Co Co„ Adams-Millis May 4% May 21% May 80% Jun 11% Motors Steel Adaota 21, Feb Dec Acme 6- Jan & Straus ACF-Brill . 10 37" 7% No par 26 18% " Feb. 7 f per share .No par 6 Feb Jan > 14% Feb 27% May Nov 2% 13% 22% 9 19% Jan Dec Dec i Abbott Laboratories 7 49 % Feb 35 Monday Feb. 5 Pdr 75% Jan 25 LOW AND HIGH BALE PRICE8 Saturday Abraham 2% Jan 27% < ' t per share 5 Jan 55% Jbn 23% May 4 ' ■ STOCK EXCHANGE May 6% Feb NEW YORK ' Highest 9 per share Jan 100 Dec 44% Range Since Jan. 1 &•west Highest $4 preferred —No par Andes A P W Copper Oil Corp . Mining Products Co Inc Archer-Daniels-Midland 5% *26% - *103 *53 Va > 20 5'" No par • <*53%' ;21% lo *80 *72 Corp com—12.50 Anderson, Clayton '& Co Anderson-Prichard < 19 *10 *4 <92% < *88% *70'/a 78 5% - 54V4 27% 92% 5% - *53V2 " 104 Vz 103 *88'% 92% 77 *70% 77 e 5% e 55% *53% *26 Va 103 73 73 y 55% *53% 55 54 »'• 32% 32% 32% 32 32% 32 ; 33 33% 33% 34% 33% 5% 55% 102% 102% 103% 53 53 Va 50% 50% 50% 51 19 19% 18% 19, 18% 19% 10 4V4" ■' 4 . *28% 10 ",*9% 4 29 - ^ .4 3% 38% 75 5% 19y2" 10 Vz 74% 5% 54% 29%.-29% *88% f 10% *10 , 4 4 4 26%" x28 "v 10% 4 28 5% *54 19 10% *3% j - 28 5% 19% 10% 4y. 28 V 5% 27 *3% 100 600 5% 3,400 54 : 32% 1,630 27 700 300 4% "28% v'28% 50 18,800 ' 33% 600 ' 1,100 13 14 (710) THE COMMERCIAL NEW Banre (or Previous Range Since Jan. 1 Highest 9 perthare YORK CHRONICLE STOCK Lowest t per share NEW YORK Saturday Monday■/ ' ' ,< .w r •<■ - Feb. 5 $ per share 1 per share HIGH SALE LOW AND STOCK EXCHANGE Highest Par Monday, February 14, 1949 RECORD STOCKS Year 1048 Lowest & ^FINANCIAL $ per share Tuesday * ' Feb. 7 9per share PRICES Wednesday ' 7 Feb. 8 Thursday $ per share "Friday Feb. 10 Feb. 9 , Sales (or Feb. 11 S per share $ per share the Week I per share Shares " 23% Nov 32 J/a Oct 24 Jan 3 27% Jan 26 89 Dec 101 J/2 Jun 90 Jan 4 95 Feb 3 6% Jan 3 77/a Jan 8 Jan 11 77% Jan 10 21 6% Dec 68VZ Dec 15J/a May 106 Jan 73 V ll 49 J/2 Jan 88 Jan 99 J/4 Jun 97 Jan 5 -V 99% Feb 4 103 Nov 115 J/2 July 108 Feb 10 110J/2 Jan 3 Dec 18 J/2 Jun 15 J/4 Jan 5 Aug 14% Jan xl0% Feb 19 17% 11 13 J/2 Jan 11. 41% 56% Feb 13% 11% Dec 12 V2 Mar 44 J/2 Feb Jun 19 98 Dec 111 87% Dec 106 26 Jan 35 12 Jun Feb 13% Jan 11 98% Jan May May July 17 7 Jan 21 93 Jan 3 98 J/2 Jan 27 31 Feb 11 32% Feb 2 89 Feb 120% Sep Feb 10 105% Jan 7 Mar 107 J/8 Jua 10u'/4 Feb 11 103 J/4 Jan 24 Dec 19J/2 Jun 12%-Feb 10 15 v Jan 44 Dec July 37% Feb V2 62 Corp 24i% 253/4 10 100 *93 Illinois com—_5 7 7% $6 conv prior preferred No par No par 75 75'% 46 3% 4 '/a % Armour & Co Armstrong com preferred conv of Cork Co com preferred $3.75 46 3% *99 No par 243% 94 5 *141/4 No par *11% 45% 12 25% Jan 64 J/2 Dec Sep 81 Dec 7 80 • '7 10 47 Jan Feb 7 60 Jan 5 Jan 53 66 30 Feb Feb 114 May 91 Feb 99 Jun Nov 25 % Xl9% 5014 July 48'% Aug 15 81% Jan 25 4 Jan 33% Feb 39 4 109'% Feb 4 6 98 J/4 Jan 17 '20 4 £3% 24 , Jan Jan 100 Oct 24 J/2 Jan XI9J/4 Feb Dec 9 J/s May 4% Jan 12% Nov 16% May ■13'/8 Feb 106 93% 93 J/4 6% 7% 6% 7'/8 *74 i- 743/4 r *99 ■•'45% 993/a *99 25 *72'% , 74 453/4 *99 1093/8 /•: 108 3/, 108% 108 *14% 141/4 :?14% .;■ 143/4 % * 14 '/a 111/2 141/2 113/4 Xl2% 121/2 t *11'% '• 12 'A " 115/8 11 S/8 » . • *14% 44i% 99% 1083/4 Associated Goods common—1 6% 1st preferred— 100 102 102 J/4 7% 2nd 100 96 97i% 31% 321/4 Dry 12% ■ preferred... Associates Atch Tupeka 5% : Co Investment 6anta & Atlantic Fe com.. .100 13 Coast 12%- 13 12% " 95 :.,95 Feb < 3 Jan Atlantic Refining 123/4 40% 531/4 53 12% 53 Atlas Corp Atlas Powder 7 4% conv 4 Atlas Tack 12 14% Jan 7 11 24 common.. 12 • 100 700 121/8 100 *93 t. V Zioo'A 12% 53% -• x40 53% *76 ? ■■ 9,000 34% 33J/2 35'A 107 % 1073/4 *1071/2 IO73/4 97% 97% 96% 97%? 20% 21 20% 20% 20% 20%: 53;/ 53 51'% 51'%', 1001/4 21% 21% 53% 53% 33 3/8 108 " , . 100 *100'% 101 % 100 No par *20 21% *20 common. _No; par 5 '$% 2No par ;Nichols: Conv Autocar 6% Jan 3 Jan 24 11% Jan 5 14% Feb 4 Automatic Canteen 6% Feb 8 '7% 7 Avco Feb :7 8 Dec 19 Jan Nov 19'A Jan 4 J/2 Feb 7 J/2 Oct 35% Jan 46 Jun 40 13% Feb 16 Va Jun 13% Jan 11 »/s Dec 17'4 Jun 11 Feb 8% 7Feb 7 11% Jan , ' Jan Co Mfg Corp 44% Jan 10 $2.25 3 14% Jan 15 12% Jon 7 Co of v 5 Amer. (The) 'preferred.: conv 6% "51% z 52/-: 100" 1001/4 . 100 »/4 / r1 .21% *20 5'% ?*5 5 '/a *131/4 21 -.100% 21 *20 / 41 J/2 ■ 133/4 -5 * .Vll,30 J "" .1,500 38%" 38% 39%," *53% 55 "71'., 2,000 '•••"■ 79 ' 97 : V 8,ioo ' 97 490 580 - ; v 20 201/B" . •; v%. 700 1081/4 107% 97?', ■ 34 33% 107'% :96% "20 ' 20 i,800 51 %> 51% .51% 51% *100 »/4 101% 1013% *20 "" : ■ 41'% 21 ^4% ; lu J/4 V 7 14'%'" • ■ 13% 6% 5 (. *39'% 41%: *14 14% 41 *14% 11 1,100 • .s : *133% ? 14 ;.>; ?• . ? 6% 6%/. *393/8 200 1,100 f . 1;;.' I * 0 J/2 .14 '%' ?•<? 6% 8 3/8 320 ' : 13% .13% '6%, 14 •101% c *4% : ' X 63/a •240 ' X19'/4 .19% : " 5 /■-; .13% *63/4 6% 40 .' 40 5 : *14 >14 .: '-'6% V . y 40: 63/4 ::5'/8 13% ?1J% ?■ 6% /' "'6% 14-: :• 6 6% 41 14 •-6% y 7 14% 6% ; :No par ■• 13% 14 % common. ...3 Babbitt 5 133% _5c 1 13,900 ' 127/a ' No par prior pfd ($1.20) Austin i! 91 •1001/4 53'%' " 107 - 1.900. ,12% • .79.?33'% 337/a *76 :' 335/8 Z; 97% 150 95 31% 89% 127/B .'37% 773% 32J 100% 101 "53 % 55% .: / 933% \ 12% 40'%, *53 79 *76 ' 89 • ■ 31 31% 100'% ■ , 13 973/4 973/4 preferred Corp.. 40% 40% - - 94 13 : 95'/4". ; 31% 100% 101'A > 12% :/• 101 v *93 ? 34% 341/a 1083/4 97% , 311% -'■• *100 108 J/b 33% *108% ..i_ —5 * 95 *31 \ 931/4 102 12% ' 100 A 102 x95 ': 31% '100% . 79 ,_25 conv ipreierred series preferred $3.75 series B 41, - - *76 XI001/2 97 31% .923% .'.94' . 80 102 V 94 92% ■: 95% 42y8l 53J/4 *76 100 S/8 I ' 101% 10 2 .3/8 13 ; 13 J/8 L— .100 common. 4% -J 31% .>32 ■- 13%. 40% i. .100 103 98 *13% common. ...1 preferred *101 103 *1021/4 ..10 RR__—No par Line non-cum 95%. .100 —_ Atl G *& W -1 SS Lines 5% 10 preferred non-bum A T F Incl— "5% Jan 11 6% 230 :??■:* *14% ' "15 ; ,103/4 ' xll '? X103/4 H'% . 2,500 45 *99 I43/4V. .11% 801 *108 995%; 1087/a . 321 21,00d .. 73 453% 45 99% '• 109 r, .v 21,800 7 73 6% 7 »< 93 93 93 6% 24 3% X24 '25% - « 93 74 74 451/4 :\453/4 , 993/4 110 - • 20% Jan 15 114 Sep 20 Jan Jan 58 51% Feb 11 Apr 4% 99 7 Jan 94% Jan 107 May 64% 253/4 93'/4 46 110 "* 102 251/4 743% *99: 15 Carpet Co Inc.. Artloom 25% -931/4 V7%\ 74'% 110 No par 7 25," 93% 93% ' 993/4 *1093% $4 preferred convArnold Constable Corp-. 25% ' 103 13% 84 96 Steel Armco 11'/a 40'A ■ *>. 6'% 35,500 600 10% : B 10 16% July Mar 29*/2 juiy 18% Feb 10 13% Feb 31 J/2 Jun 21 00 Feb 80'/2 May 67 40'/2 NOV 59 Dec 28% Jun 15% Feb x20 36 J/2 (B T) Inc Baldwin Lecbmotive Baltimore 22 V2 Jail 4% Jan ,.3 25 Jan Bangor Jan 17 70 Feb Conv Feb 8 47% Jan -19 % Feb 7 21 '/a Jan : 42 May 5% Corp Nov 45 Jun 37 Jan 11 38 Feb Feb 45J/4 Dec 42% Feb 11 49 Jan 10 19 NOV 16 J/2 Mar Feb '.7 11% Jan 7 15% Dec 23 V2 16% Jan 4 17% Jan 20 Bayuk 30% Dec 43 J/2 May 32 v Jan 4 34% Jan 24" Beatrice 80 J/2 Sep 90 08 Jan 3 91 Jan 24 15% Feb ,4 20 J/4 Jan 8 Beaunit 71 13 75 Feb 3 Beck Shoe 10'/a Jan .10 Jan Jan 22% May 16% Mar 69 100 Dec s, Jan Jan 4% % Oil 33%% 191/4 :? - . .. I 18% 21V4 22% 21 3/s 70 69 '/a 70 *42% 44 421/4 423/4 42 42 *193/4 20% 19% 20 19% 19% * *38 :__100 pfd 39% *38 39% • 19 % ' 19%: V *20% 21 69 *68 42 42 42. 43 193/4 19% 19% 40 *38% 0 ■''- •', •;?.. 10 10 *10 10% y 10% 17% 17% 16% 16% 17 17 17 17 :•?■:•■.■' 16% .16%.. 34 34 33% •' *88 "91 16 165/8 ' 75 75 100 34 *88 *33 91 • 76 34 91 *16% *33 33 % :'• *88 90,; 16% *75 ;?• ? V : *88 16 3/s 16% *74 ' 77 /; *88 16% 16% *73; Beech Aircraft 34'% Apr 30 Feb 10 32 % Feb 4 Beech Creek 321/4 Feb 373/4 July .34 Jan 17 36-/4 Jan 10 141/a Feb .143/4 Feb 10 16 Feb 1 107/8 Nov 20% May 193/4 Mar 8% Feb 7 10% Feb Dec 24y4 Jaiv 141/4 Jan 103'% Jun ..92.1% Jan 8 26 Feb 383% Jun 31% Feb Dec" 21a/4 21 Nov 68 Dec 26% July 87'% Mar 86 3/4 Dec 25 Jan 10 Bell 34% Jan 11 8 ■6 24 77 93 5 97 Jan . 7 Bendix 263/4 Jan 11' v7 ' 37'% May 393/4 -Get 27% Feb 11 303% Feb 5 33% Jan 132 % Jan 4 136% Feb 2 Dec 37»/4 May 143/4 Jan 283/4 Jan 28 4 V 9% Feb 10 29a% Feb 103/4 Jan preferred Bigelow-Sanford 8 Best 7 Bethlehem Foods - Range (or Previous 9 per share t per share NEW • Highest* -)!■ Lowest Highest J/4 Dec 36'% July '26'/a Feb 9 30'% jan 12 19% May 143/4 Sep 12% Feb 11 143/a Jan -7 9% Feb 11 il'% Jan 7 17'/a May 44% July *123/i Feb 13% Jan 323/4 Mar 38 Feb 40 3% Jan 19% Nov 29% 20 Feb 23'% Jan 13 Dec Dec 22?/4 Dec Apr 373,4 May 27 23% Jan 57% Dec "96 Jan 57% Feb 30% Dec 51 Jan *23'/a Feb 16'/a Dec 163/a Jan 373/4 Nov 27% May 44% Jun 39'/a Feb 11 "46 '/a Feb 11 42'/a Feb 66% July 87'/a Nov 96 32 '/b 6 J/4 V26 Feb Jan 32% Jan 3 71 25% Feb Jun 34% May 373,4 Jun Oct 101% Apr 23 'A 453/4 Mar. -Sep Dec 33% Aug 29% 16% 7 35 8 19 46'% Jan 12 8 J/4 Jan 5 Jan 8'% Jan 7 5 33 Jan 6 100 Jan 18 J83/4 Jan '3 6 95 Jan Feb 11 21 Feb 14% Feb 10 Feb 11 65 '/8 Jan I6V2 Jan ■8 Jan 6 121 123 6 34 Jan 13 6 901/2 Jan 24 14% Jan 20 33 Feb Feb 16 3% -Feb Jun 88 Jan 36 7 ,■•#?;■ Jan -11 183/4 Jan "7 Feb 10 92 5 17% Jun 13% Feb 8 16% Jan 7 7i/a Nov 10% July 75/b Feb 8 8 34 Jan 26 Dec Jan 5 Dec 21J% 9 Dec Nov • 3 Dec 14i% Mar 363% Jan 26 56%,Jan 22 1% Jan ?7 4% Jan •53% Jan 18 6, 223% Jan 10 Feb footnotes see page Inc Term 5% 59% 58 " 251/4 23% 24'% 740 17 17'/4' IB3/, 16% 5,600 40% 40Va 40'A 40% 395/8 39% 39% 39'/a 39'% 3,300 50J/4 473/4 403/a 495% 475% 483/8 46% 47%- 6,200 96'% *93% 97'% *93% 97'% 24. 7 Canadian *33 V2 2 2 34 ?■ 7 ;. 35 97'% *93% 2'/4 34 *33% 73/4 35 48% 97%' *2 3t 73% 37 48 *93% 2'/a 7 *33 V* 37 900 600 2,300 7'% *63/4 35 *30 4,000 7'% *7'/4 7% 7% 7% '7% TV* 73% 3,300 28'% 28'/a 28% 28% 28 28% 28 '/a 28 'A 3,500 27 253/4 253/4 *.25% 20»/r 253/4, 25% *25y8 7% 30 .23% 30 *100 102 233% 22% ri 30 102 297/a *100 22 3% 30% .23% 23% *100 9% 10 9% 93% 9% *30'% 31 *30>% 31 % *30*% 311/4 97 "20 J% .*20'% *96'/4 "97 *961% 97 *96% 97 » 20 19% 19'% 14%. 143/4 15 143/4 ,15 % 121 121 83^ - 20 69 8% 69 15'/a 123 *121 85/a - 8'A 68 90'% 13% 30'/4 - *30'% *891/4 ; 90'% 13 .• 33'A 33% 163/4 17% 16% 88 88 883/4 V 89 32 9QJ%? *13 33'%'/ *12'% 33 17% *,33 07 15 *121 y 13%, 33y4 , 8,700 : 70 . .. 15900 ; 610 171/4 91 91'% 91% y 92 *77 ;78 .".77 ..v? .77 *■75 80 *75% 14 •137/« 800 :;31%,-, •' 200 13 .163/4 90 30% 90'% 33% ;16% :;• 14% .123-, xg%!•,'■ ?8%. 31%" 123/« 17 • 1,400 68% *891/4 • 14% v 123. 300 ' 19 19 '.ssSfyk ■31% •$.. 23 191/4 •67% *31% . *96% ?v 8'/4. ; *891/4 13. ' 34 16% 68 '67% 8,900 97 .14% : ; 90% " 34 1 : 9% 30% *121 - • 31'% *89% 13 121 9,900 9% *30 »/4 19 y4 S 8% 8% 23'% 934 30'% •23%; , *96% . 15 '/a 145/8 121 '68 ' , 19% 19 'A 8'% i 30 . " 311% ' *121 ?, 123 8 5/s 68'% 67 • ' T 1 102 »-100 9% 23 93% 303/4 3,500 29% 29% 102 500 26 30% 233/4 10 '/a *96'/4 30 x297/a 301/4 102 *100 303/4 *89% ^ ? 78lA *751/8 78 *75 80 *75 80 1414 par 14% *12%:.13:ZV';/, v*32%:;.-:33%^ 33% : 16% 1.7% . 400 Hi/a ' 8 *119 8 ;• 8B/8 100" 5 *79 :83% . .''81 *3 .3% preferred_._100 > 102% Jlo par Packing common__No Pacific Ry 8% 13% 3 /:•: V. 80 3 203/4 8'% ■ 102% 102'% 243/a ...■24% ,??. ,77 V ^ 34 54% "*523/8 iy2 \1% 1% ' •77 900 7,900 16% 77 14 14% 92 '; 14% > ' •Sr! • *7-7%; .'•' 77 ? 220 300 '80 20 80 f 76 14'% 9,700 7 7/a V : 7% *108% 111 2,800 8% 5,500 •'< 14"." ' 5 4% 4% 18 4% v 35'/a 34 . 81 3ya 20% *23% 33% *52% *17 25 13 No par *42 >5 19 11 % 107 n% , 107 18% : .,'1% 53 5 1R% 12 113/4 107 *107% 39J/4 *38% 39% 17% *17 173/4" 13 V4 125/8 13'% 43 42 42 20 5/8 101 25 323/4 . 32% *533/4 . 15/8 1»% 5 19 11% :.'.■; 73/4' 8% ■4% ? 19 109 M"'t' • , ' ' 100% 1% 5 5 20 12 113/4 2,300 > 120 54'% 5" 12 - 541% 1% 1% 3,800 4% " 1% 20 y4 ■ 180 500 24'A" 301/4 ;" 30% 54 ' 2;600 100'% 23% 32 54 60 2,100 /31/8 20'%,. '31/8 25 240 78 20% 1"% 109 : 78 * 3'/4 313/8 .54 11% 8% 2034 3'/b V, *23% - -.32% '107'% y. 80 20% 101 ?: 100%. 100% 20 5% 25 8 ii"4 , 8% <;■ 8% *78 v 3'/« 3% • 101? *23'% : 8 3/s •; 8% 80 "•'■■" 80 : " No par 80 115 ? - 118 »" 8% 3y8 •101 53 1% 35 ; :: *8 > 73/4 119 ' 20'% 24% *52'% par 50 ",•■■ *80 21 1023/4 24 .7% *118 8% 1 —1 Cons - > 78% 22 No par 14% 8 '73/4 120'% 121 121 205/8 ... ' - *90 ,:92 ' 1 . Co Hecla *75'% .4.15 i. Zinc-Lead Mills , 28% ,30 *301/4 CopperCampbell W & C Fdy._ No Cannon 48'% '97'% 21/s 26'% 102 Canadian Breweries Ltd. 24 48'% *94 /-•? 58% 7'% 277/a 24 Jan • X395/8 73% *33 38 58 28'% 7% 17% Jan 45 *31 38 714 7'/4 71/4 .29 161/4 Jan 143/« Jan 10 23% 59% *13'% /preferred & 233/B 25 •• 10 preferred__100 common participating Calumet 233/4- 17 y8 ,23'% • 1 ^..100 Copper & Zinc— Go (A M) common Callahan 23% 233/4' .'•8,400 1,500 .: 410 ' " preferred. ^California %' 21% 59 29'% _„___5 ... Bldg 7% Byron Jackson .38 20% 24i% pfd—100 common 100 123/4 *35 21'/8 17 *100 No par Co *12 39 20% ' 5 ; 12%" *36 24'% 37% Jan 5 * ■58 *12 • . 213/b 233/4 4,700 17 la 11 24 3,700 93% 25 393% Jan 12% Feb 39 20'% 12% 9 y» 16% par '19 CanDryGingerAlecom .1.66% 11% $4.25 conv. preferred No par ' 107 Canada Southern Ry Co.?.—100 ' *383/a 40 J/4 Jan 24 12 3/4 *36 20% 12% 9% 57% 4 19% May 24'% *12 12% 25 24 473% 205% 20'A 1,500 27 163/4 12% Feb Mar 12% 36% *36 Shares 26% 243/4 27% par No par 9% ' 58 7'/4 ^..100 ; common. X12% the Week 9 per share 16% 108 J/4 Jan Mar For 7% 1 28 9J/4 9'% *27 13% -13 9%' 123/4 13 26 7/8 i Feb. 11 I per share 23'% 9% Jan 10 13 '/a 26% Sale* for Friday V Feb. 10 S per share 26% 9'% Thursday Feb. .«> 13 • PRICES Wednesday 58 104'% Jan -38 HIGH SALE 17'/a 28% conv 2nd preferred 1100 preferred —v__100 4'%% Byers Jan 600 243% *31 par No par common preferred Butler Bros li% Feb • Watch Bush 24 Np Burroughs Adding Machine__No Bush Terminal i.. "Putte 301% Feb Dec 4% 2 25 3,303 9% 58J% ..No par •4 Jan Co Co •7. 26% Jan 29% *9% 50 common____15 Burlington Mills Corp 8 54 May XI91/4 May Bulova 27 Sep Inc 400 283/4 95/8 *92 ^.2.50 preferred " Feb 104 Co -preferred (The) Co Bullard 2% Jan Jun Shoe Buffalo Forge Co.... Buff Niag El' Corp 3,60% 24% Jan 10 44 $5 3 11 . 54,800 135 40 1..100 $3.60 7 231/2-Feb Jun common preferred Feb 82 :25 6,5C0 31% 30% 29% 235/8 ; 2.7% 135 9% 263/4 38 • V , - 700 28% 34 9% Jan 121 38 20 28 y8 . 31% 135 '• 1,200 10 $ per share 93% *12 % - 29 34 Feb 3 May 119 37'% 4 IOO1/2 Feb 15% May Nov 3' Jun 8'% May 31 'A May 101'/a 10 July 54'% Dec ? Jan Feb 93% 23% *9s/8 Feb. 8 27'% 13'% 13 ,23% • 28 % • 31 135 1,200 9 6 3/8 28 Tuesday 9 per share 27 233,4 28 ,31%;? 135 5,000 y,, 22 78 *94 95'/4 " 12,000 9% -:■■:? 9% 22 *76 23% 28% 31% 93/4 22%. 95 * 24 V2 135 ' 9% 22% *76% ,78 3,100 •' V: 31% 313/s ; t 2,100 1'- 931/2 27%;, Feb. 7 share ■ / 15% ?;; ■ *91 10 34 33/4% 93/4 xl5 '/a • 32% ll'/a 11 Va r • 700 - *9 5/8 Monday ' = 180 1,400 15% *15 - 1,500 30 '/a 34'A 27% 9% 9% 34 20% Jan 4y4 May 401% Jun Feb 8% Jan 75 27% July 52 1'% 109 Jun 89 27% Mar •: v 32 8% *8% 16% 221/2- 28 31% : 7®% Bristol-Myers. Co 93/4 233/4 135% 34'% 3'%% Feb v 31% 7'/4 3%% 12% 35% 28 *1347/s 34'% 25 10 105 ' 20 163/4 Roller 10 7 Feb Jan : 24 - Braniff 77 Jan Feb 28% 24% V". 28% Bearing Co... 5 Airway Unc 2.50 Brewing Corp of America 15 Bridgeport Brass Co ,_No par Briggs Manufacturing No par Briggs & Stratton ^No par Bower 77% Jan 76 98% 28 24% 2 31 77 23% 24% 2 69% Jan Jan " ■ 1.400 . 76 34% • 93% 96%'- 2 7% 8 30 - „ *95% 24% 11 :15% - 96 : 2 Budd Jun Mar .". ? 58 . ^.i_100 Bucyrus-Erie 10 15% j Maine RR 33 32% *95 2'% 7 873/8 Jan :243/8 5 ? common... preferred & 7 88 2% Mar ;16% • *72 ' 96% 2% ■2 100 16 *16% 600 200 '■■■■■ 30 *91% 78 (assented )_100 Feb .12 s/8 Feb Dec 3'%% Boston -9% Jan Jun Dec Borg-Warner Corp 1" Jun 114 1,600 y ■ 90 30 11 V 93%. 22% 10 >20'% 15 ^ preferred Brunswick-Balke-Collender Dec Mar (The) Brown Apr 8% Co 1 Brooklyn Unipn Gas_.,____^No Brown & Bigelow. 77 79 Borden 5 No par 3 725% 73 *88 - - 34% 15 143/4 . 15 ,14% *91% *76% 13 % 97/8 - 78 .29 13'% ;No par Inc— 10' .July Jun A class B Stores 21 Jan 9 per Bvass.w—...5 10'% Jan x3 Vb .?■ ",97 Ami, Co Class Bond & I 24% Feb 243/4 Dec 16% V' ? 34 83/8 8% *95 Feb. 5 —2.50 313/a Jan - ' ;No par Co, '3 90'% Feb Airplane 10 40 Dec 48,600 • 10% 16% *33 ' 76 ;?> 30 22 Saturday ' * Jan 9 21% May 433/4 Jun Dec ?■ ■•• 34% V 22 LOW AND STOCK 30%-Feb 75 Mai- 81 Jan Feb; 4 '2'% Jan 13 14 11% May 781/4 Aug 12% 26 / Jan May 30% 7 29% Feb 24 3% . 5 10 19 1243% July 12 Jan 95 65 93/4 93/4 •■ 35 *76 '28 'A 93/4 Par Bon Jan 29 98 YORK Bohn Aluminum 8 NOV Mar No par No par EXCHANGE 1.8 25% Feb Aug Dec Jan 7 99 Sep 28 97/a 221% 307/s 317/a ,31% ; 303/4 136 *134%' 136 13628 •?■: 28%' 2914 ' ? > 27% * 32% 0% V/: 301/2 78 24% 1 93% 8% 30% 11 •14% 32% • *83/a 34% , *75 13 Jan 23'/a Nov 24% 40'% 20'% 32 Feb 7% 1 *38 3 Feb 15 .93/4 22% ' '953/4 *12% 10 17% / •95% Boeing Feb 90'/a 120 , 11 14% 323/8 78 Bliss Laughlin Inc Bloomingdale Brothers 7 J/4 Jan 28 -12% July Feb 27 25% Jan 11% May Nov 9 2'/2 32" 8% *91%. 14% 93% 10 23 7 8 95 % 27 6s/8 Jan 36% 14% 33 .7 Jan 54 3 Jun Dec 11 ... 11 '/a 11 *91% 15 93% *27% 41'% Jan 4 2 10 'A May Nov 8% 95 42 25 - May Dec x273/4 Mar 10% 11 % 9% No par CarpeL 15 Black & Decker Mfg Co_____No par Biaw-Knox Co : „__No par Bliss (E W) Co ^ i 1 17% Jan Nov Dec 7 J/4 64 32% 5% May 1% Aug com *143/4 153/a *221% : T,__V._.___100 $ per share # per share Feb 9% (Del) 15% 15% STOCKS Range Since Jan. 1. Year 1948 Lowest xl3 ___Z •___ Steel 7% 15 15% 8% 35 *91% 10 Birmingham Electric Co 7 ■ 34% 34% *75. 33'%c com 1391/4 July Nov 9 •? Loan 32% 34% 35 32% pfd $3.25 ser of 1946.No par Cum pfd $4. div ser of l948_No.par Best & Co .: ■: i 1 Feb Feb/ 263/4 26 Appliances. 31 *141/2 1 Cum Mar 303% 125 30% Jan Home 8% 32% *11% V 10 100 - 8% *31% 15% : 1 _? - 83/4 32% 35 5 Beneficial ;Indus 21 Common.., - 1 Bendix Aviation 5 Jan 10 < Co 83/4 *31% i 50 ^ Co preferred 21 • 23'% Feb Howell Jan Jan 1 4 & 41/4% Jan 11 Feb 73.'i% jan 1021/4 July 30% May Packing 12 1 % Jan 1 new ^ Beltiing-Heminway Bell Aircraft -Corp 92 /; 91/4. Feb 11 22 Corp RR 16% Feb 28 Dec Beech-Nut 13% Jan 9 145% 90% Feb 43 10 " 21 Feb 23% .900 40 42% ;: 17 , *73 1 1,100 193/4 %' 90 .17. 76 10 42 19% 33% *331/2 ? • 431/8 , 160 42 *38% 43 10% ;43 1,000 70 . 40% *39 445,8 1 6,500 21 :?; 10 43 185/8 J? ; 30 9% ;??, 43% A3 12,509 36,700 .- 18% ?V?.: 10% 43% . .9,.-/ 21 V 70 .44% „ 600 .ll'/a 8% *68 21% *19 •14% 11 , 19% 18% 14. r ; 9% ': .8% ' "' V 14% ' 69 *21 39% *38 ; ; 10% l_2.50 : 4%% 91/2 443/4 1 l 1__25 i 111/4 9ya 19% , 213/a 70 No par Mills, Inc__ 19% 18% 5 .common 11% 9% 23 50 Co 11"% ' 70 I Corp (A Sj 14% H'/a i9% 10 pid__" conv 14% ; 21% 10 Inc Foods ■•9'/4 *69% Co._ Cigars 11% 8 3/4 50 (Delaware) Iron Works Bath 14% 11% ;93/a 100 preferred Barnsdall • ?_1_100 common. common Brothers 31 ^.100 preferred. Oil Barker 14% 11% 9 '■ Aroostook & 14% 11 T__13 ' common preitrred mon-cum Barber 14% Works & -Ohio 5 6,100 20'% 11% *19% 11% 2,500 7,800/' ' • 38% *17 109 38% *38% 39% 17% *17 175/8 *107%" 109 38% *17 ■' *107% 38% *38% 175% *17 12% 12 3/4 125% 12% •12% 123/4 12% *41% 431% *41% 42% *41% 42% *41'% 109 . 39% 40 220 17 s/s 12% 42 28,300 100 ">r Volume 169 ' Number 4777 eOMgEHCIAL & FINANCIAL CHRONICLE THE (711) 15 t' ♦ :''V> i.V- NEW Range for Previous r: V Lowest- v.v il 48'/a 3% J00% 56 Sep ■ Feb t 2614 30 ' 8% Mar Dec I ':• .32 July 41%' Jan ;D 12% .-ft* Dec 19% May 30 Nov 43% . ,■ i 6% Mar. . 351*8 i 9 Dec .130 22 32% Feb 11 11 0 97" %' May 39% Feb 105 Feb 123: 140 52% Feb' July . Jun 217/a Feb ! 17% Dec 20'/a Jan j Dec 187/a Feb 6% Feb 11% Sep 514 7% Jan 117; 138.; 12% Jun 3% Feb 38% July 18% Feb, 11 8% Mar 7% Jan 13 104% Jan 3 Nov 108 Jun 74 Oct 83 May 81Jan, 39% Nov 22% Feb 11 Va Jan 26 10% Dec 15 May 10% Feb 7% Dec 11 Jun 7 % Jan 4. 18% Dec 28% 12'/a Nov 20 < . t ' } , •: Apr 18% Feb. 11 Jan 24% Feb.- Jun 20% Feb Feb 100% Jan 92 % Jan. 3 Dec 15'A Jun 6% Feb 5 11 28% Jan 76%' Dec 4 Jan 9 Jan •9 July 17 Va ;26% 27% 26%' >103%. 104 27% *103% *103% 104 127% 128 Jan 57o ■ 9% Jan 7 5 5% Jan 11% Jan Cerro 9 11'A Jan Ry Co vtc Sauth 11 10% Jan 18% Jan 103% 103% 127 127 227/s 22 22% 22% 22% 17 % 17% 17% 17% 17% 17% 17% 17% 5 16%. 16% 16% 16% 16% 9% 9% 9% 7% Feb 7 10 5% Jan 4% 23% July 49% July 10% Feb 15 Jan 11 11 36 % Jan 11 29% Jan *108 •84% 27 *82 28 84 • 3% *82 106 % 84 84 26'A 26% 23 11% 11'A 11% 11% 11% 11%- 11% 11% 10% 10 Va *10% 1Q% 10% 10% 1Q% 10% *7% 8% *7% 8 % *7% 8% *7% 19 8'A 19% 18% 19 Va 18% 18% 18% 18% 18% Ilia 11% 18% 11 11% 11% 11% 11% 11% 25 25 24% 24% *24% 24% 25% 25% 21% 22 21% 21% 96 96 5 51' Feb 42% Sep 29% Feb 10 Jan 72% Oct 64 Va Jan 4 July 15% Oct 12 % Jan 19% May 14% Feb 2% Nov Oct 4% Apr 4 53 3 12% Feb Jan Feb , Jun Nov 65% Jun 51 Feb 29% 42 Nov . 101% May 19% Nov 27 Jan 48 % July 24% Dec 97 Vi Jan May 36% 33 Dec 10 * 84% Apr 15% Jan May 38% Aug July 176 r Jan 80 16% Jan ■ 88 Jun 82 Jan 20 Dec x39 Jan 18 109% Jan 3 Feb Jan 111% 22% Nov 34'% Apr 43 Oct Nov 18% Jan 108 % Jun 13 12% Jan 3 Dec ; 27% Dec Feb " 75% 11% 10% 32% •31% 31% 25% 26 *49 52 *50 52 50 50 31 32 67% 68 Rock Is & Pac preferred Co RR Co series No par A__ No par *12% 13% *12% 13 'A *12% 15% *14% 15% *14% ___1 Co 4Va 4 4 55 56 55 —25 32% 32% *31 34 *31 53% 54% 102 y4 *20% com — C Pitts & RR Co Clcpay 2 Inc 12 1% preferred 2J 4% cum f per share 134% Dec 60% I per share • Dec 183 Jan 63% 1332 July I per share Jun 130% Feb 152' 3 60% Jan , 1075 July , Jan Jan 12 63 Feb 11 Jan 5 1075' '31 Dec 45% Jan 29% Feb 34% Jan Sep 96 Apr 89 Jan 93% Feb Feb 15 Nov 25% May 16 Feb 26% May 17% Feb 11 12% Feb 4 19 16 Feb 22% Oct 22% Oct 15% Jan 3 19% Jan 9% 18% Dec 11 Sep. Jan 7 8 4% non-cum 1st 4% non-cum 2nd 4 7% Feb 10 78% 35% Feb 3 Feb 24% Jan. 10 3 23% Jan Jun 37%' Apr 43% JUli 29% Jan 3 35% Jan 3 21% Feb 10 53% July. 47"% Jan'17 51 . 3,20.0 111 y2 150 23 % •23 Va 23 Ve 23% 23 ■ 108 *106 108 73 *71 73 71% *42% 44 *42%, • *106 108 *71% 71 % 44 44 *42% • Jan 104 Jan • xl6 .; Nov .12% July 3% Oct 3 3 -. Jan * Dec Apr 29% May 25 '/a Jan Dec 11% May 7% Feb -8Va , 106 36% July 27%' Dec x24 % 32 Dec • Sep May 6% May 21" Mar 13% 27 5 Va 5 Va 5 5 4% •*47/a 5 29% 28% *138% 14Q -i *138% 140 5 *80 80% *80 138% 13§% *80 5 29 29 28% 81 5 '. _29% *138 i 82 "V 140 *80 4% 29%. 140 8l% 140 80 80 ' 103% Feb 108% » "• Saturday Monday Feb. 5 Per - share •'61% 63 29 137 % 30 *92 30 93% *92 L 136% 137 62 62% *1050 . t per share 137% 62 • *1050 Feb. H tper share ' 137 V 137 HIGH SALE PRICES Tuesday •;;!Wednesday • Feb. 7 xl8% 135% 135% 62% 62% 63 % >1050 . >105p "37% 30 Va 29% 30 30 Va 30'/a 93 93 92 92 14% 14% 14'/a 14% 14% 14% 18% 18% 18 1-8% 16% ; 17% 16% 17'A 16% *17% 16% 17% 1.7% 17% 18 18 9% .9% . • % *9% -17 18 \ " Dec Dec • 10% 51 29 ; Vi Sep Dec 12: 18% 19% 19% 19 19% 19% *19 19 19% 19 19'A 19% 10% 11- 10% 11 10% 10% 10% 8 8 51 8 8 10% . 8% . 15% July 16% Mar 29% 35% Dec - 33% Dec Oct 90 Jun. 14 ■ *9% 19 19% 19 19 10% 11 . 8 50% 50'A so 297/a 30 y8 29% 30% 30 y4 30% 39% 39% *39% 40 40 40 39% 39% 22'A *21% 48% 49 7% ; 50 5.0 x30 39% 200 I 250 U i 3,300 1,700 33,000 •8 '/a 1,800 50 300 30 y4 2,600 39% 1,300 22 21% 22% 21% 21% 21% 22% 3,400 48 48% 47% 47% 47% 47% 6,000 10 7• . 46 , » Jan.22 x 21% Jan' 12, Jan 9% Jan 10% Jan 33% Jan'27 97 Jan 13 15% Jan 21 90% Feb 9 24 13 % Jan 85 • % Nov 40 May 31% Jan 35% Jan Oct 99 July 97%. Jan 98% Nov 13% May 8% For 64% footnotes see Oct page 24. 2 11 *96% 98 96% 96% 17'A 167/a 17 y8 .16% 16% 9,600 3% 3% 3»A 3% 3>A 108,800 97V2 95% 97 y4 26% 26% 26'/8 8% 29% 29% 29% 29% 25% *25% 25% *25% 4 ' 4 22% 107% 12% 8% 41 107 8 8 22% 22% 107 ; 42 26 29% 29% 29 y2 25% 25 la 25% 600. 3% 3% 3,800 22 V8 22'A 14,200 4y« ■: A:; 107'A ,12% *8% 9 41% 16% 17% 16% 11% *11% ! 17 8% 8% 9 8% 9'/a 2%; 8% /•:85/« 8% 22% 107% 107'A 12% 12'A : *8% 42 8% • 4" r 12 11% 3% X22'A 23 107% 8% 1,600 29%: *25Vb. ■IVU 9JA 2,300 14,100 7% 25% 8% 11% 26% 7% 29% 12% 8% 97 26 77/a < 25% 11% Inc-^-llOc 97 26'A 7% 29% 17% . 97 26% 8 25% 12% 41 96% 26% 30 41 > - 8 8 9 22 y4, 107% V 12 8% 4 22'A 107% 11% V; 14 11% *ii 8% 8% 8% 8% 8% 8% *32% 32% 32% 105% 106 y4 *107% 107% 620 33% 33% 1,900 43% , - 42% 43% 4,800 16% 14% 15% 6,200 11% 11% 11JA 8% BY* 8% 2,700 8% 8% 8% 14,200 32% 1,700 32% 32% 106% 106% 106% 106% 106 106% 107% 107% 107% 107% 107% Container Qprp of America com-^20 4% preferred ^.———100 33% 33% 33 33% 33 Va 33% 33% 33% 106 V 106 107% 107% 33% 3?% 97 *96 $3.75 preferred 7 Continental Diamond 63% Jan 19 Continental Insurance No par "Fibre — .*—5 1 10 97 2 *96 *96 97 97 32% *96 32% ' ! 13% 13% 13% 13% 13% 13% 13% '*87% 89 87% 88 8^ 89 90 14 90% 34% 33% 33% 32% 33 y4 32% 33%. 34 ;'*98 % • 100 *98% 6% 8% 8% 60% 60% 60% 100 8% 61 .*98% 100 400 43 107 *96 1,900 83A 17% 107% Continental Baking Co com—No par $5.50 preferred * No par Continental Can Inc common-*—20 1,400 12% 42% 106% . 107 16% 107% ' *8 1,900 41% r- *32% 33 •12% 8% .106% 9? 107 12 $4.,50 preferred 4—-—-No par $4,52 -preferred—No par 33 130 97 96 26% 17% ! 3% 96 8% 12% ■ ; 3% 23 22% •:•:. 8 4 *107 —-4—No par Corp—_1.33% Aircraft-!-!—1 9% Jan 8% Feb 59% Feb Feb Vultee 96% 17. 3% v,Consumers Power Co com_4—No par 13 37% Jan'22 Grocers Consolidated Natural Gas—^ *15 Consol RR of Cuba 6%. pfd.!__*100 Consplidated Retail Stores Inc_!—1 Consolidated 26 Jan preferred^. 96% 17% 26% . 4 ■ Consolidated Laundries Corp!—„*-5 Consolidated Textile Go 7 12 Jan 17% July 92% 48 % Mar 26 ,< 108 Jan' 10% Mar 84% Mar . 7 107% Jan Feb $5 Consolidated 8 97 17. 3»A 25% . Consol Edison of N Y com—!No par Jan/ 5 97 17 Vn 8% *97 ' Congoleum-Nairn Inc_l__—_!No par Consolidated Cigar——No par 26% Jan "25 4% Jail 21 ," Consolidated Coppermines Corp.,—5 9 * 98% 3.y*' 3% 95% V 1 14% Jan,' 98 >17 ; 29%' Conde Nast Publishing Inc—-No par 107% Feb 30% Jan' 95' Feb 3% *98y4 100 ; 97 *96 33 800 740 97 13% 13% 13% 90 y4 89% 89% 32% 33 33% *98.% ,10Q *8% 8% 8% 8% *8% 8% 60% 60% 60'A 61'A 6,0^4 61% • 2,300 2,070 " 7,600 88 y2- -98% 8% 59% 100 8% 60 la i 870 48% ( 26% $6'preferred series—No par Commonwealth Edison'C,o—__*!_25 5- 105 Va Jan Sep 7 2 106% Jan" 99 %' May . 10- 8% Feb 33 30" >" 17% 3%' ' 8 . 98% 17% 47% ; ii 2,200 - : 11 *49% *49 15,000 9% 10% 7%, 1,400 10 21% 98% Commercial Solvents——*—No-par Commonw'lth & Soutli com_!No par Jan'25 % Jan 23% Feb 10.% Jan. 3• 8 Jan' 10- 42%' Jan 7 3' Feb" 10 106% May Sep 9 '7 Feb 106%' Dec 98% July 100 92 —No par 9% 19 y4 10% 3,100 ' 10 30% . 17 y4 18 10 !!: 100 14 y4 17% 19% 9% 6,500 93 17 Va 18 19% 19% 220 29% 14% ! 10% - 1,400 63 16% 10% 9%4 Shares 135% 16 y4 10% •" Saleg fur the Week Share 17 *9% 19'A *48% 18 *91% 17% 10% :—!_!!_!_—!!!—2.50 8 14% 17% 16% ' 10% % 29% 93 14% IS 17% IS1/# 63 10 > 8 *91% 14% f 135% 30 Va 10 '*10% 10 y4 8 30 uy2 10% 10% 48% 98 % 8*% Feb' 0V.¬ 41 Feb V 5 ; 15% May Dec Nov 29 100 >1050 $% 10% 11 No par 62% *10'A 12 *10 48% 27% Jan 11 xl06.% Jan Jan 7% t 50 81% Friday $ per 135% 62 9% *11% 100 common-!No par 135 11% *9'A /■> 9% 100 23 3 3% Feb 12% Jun 8% . 140 Feb. 11 I per share >1050 93 - 18% 39 3A 3 21% Jan Jun lIz Dec 19 800 1,900 ' Feb. 10 tper share >10% 23 ■ !! 1,400 28% *79% Thnraday Feb. 9 .14 39% 3% Jan 22 25% Feb' 11 , Dec .11% Mar 8 *138 3,900 LOW AND v Columbus & Southern Ohio Elec__10 Engineering 17% Jan',. 7 • 11. 28.% Jan 25% July ,4 - 13% 26% •V Commercial Credit common^10 100% Jail 31 3.60% "preferred A—!——-100 3 89% Jan Nov 90 ; 44 , 14% 28 30 49% Jan ■ 12 10% Jan 29% May Feb Jan 95 t: 25 V .. *41 13%" 100 preferred preferred Inc 44 \ { 200 27 y4, 19 Superheater 73 14' 31 Jan; 24 471 800 1Q8 28 : 24% *106 ' 72 14 50 3 2-3% . ' 36% V 90 ' 85 39% *110% V Combustion 18% Feb *82 40% 112% 28 30% - 85 39% • 13% 50 13 41% Feb 23%, • i 185 28 $4.25 euro preferred ww No par Columbian Carbon Co——No par 27 *82 *155 13% —20 Inc 185 28 —No par System *15 5 400 800 *111% 19% Gas .. 17'A 28 y2 40% 19% .V Columbia 82% 17% *28 14'/a Columbia- Pictures Jan *106 40 17% 28% *111% *112% 19% Class B 7 32'A Jan *23 Va 108 *42% 41 112 Columbia Broad Sys Ipc. el A-—-2.50 10 . 23 72. ' Jan'21 9 % 17\ 28% Jun - - 11% Jan , 49% Jan 85 M 40% 111% *78 400 ' 17% *28 28'A preferred— —.—20 Colorado & Southern" Ry com..—100 11% Jan-10 Feb. *82 *82 82% 1 1,800 14 conv 12 10% Jan Jun •,'\ 13'A May Dec 5% 13 % Jan 19' Dec / 3 31% May 49 ' 28% 24 10 14% ,10% Feb • 185 185 *78* ; » . 28% Iron Corp com__No par 11' 19. • 24 '*155 *155 82 43% 27 *6% •. 14% No par ; Aikman_r & 29 41% *106 45 17% *28 112 23% '/■ *78. 17% 28 Va 85 40% 112 74 82 18 28% 185 *82 108 72 Va *78 *17% 29 Colonial Mills Inc.! Colo Fuel *155 24% *6% V, -7 18 28% 28% —— Feb 10 •'32 %. May. Nov jan > preferred Collins & 2 19% Feb *26% 7 7 •e 29 —No par 9 % Jan 17% July ^20% Dec 7% 9 % Feb .18% July Dec * 17% Jan Jun Nov -9% 17% Jan. vT 43 Va 27% 27% 6% 14 Infemat Corp„—No par Colgate-Palmolive-Peet com__No par $3.50 44% 27% 28 y4 : X20 30 29 (The) common_Np par A 1 43% 28 41% *43 Coca-Cola 2 14 Class 7 x87 % Coca-Cola Co 6,30.0 ni 29% ■' . j 6% 1' 1 $ per share 1,300 27% 29% NEW YORK STOCK EXCHANGE '#' . 160 20 y2 82 100 STOCKS Range Since Jan. 1 103 y4 28% -No par ' 3,500 102% v7% 4% 2nd preferred™. 29 Va *6% 1 Jan 28% 1 CJorp— 82% Jan 28% par * Cluett Peabody & Co com 28% 28% 112 '*106 *^.—50 - 28% , 20% 85 41% *23 Molybdenum_J_l—_No Industries 28%, 29 102% 185< 112 * 27,700 34 20 Va *82 50 52% *102% _100 100 52% 443/8 *155 gtd 53 % 20% _100 7% 34 x52 y2 103% •*77 330 *32 y4 54% 20% 28 Va 1 *32 34 • *102 % 82 200 ' 54 53% 44 y4 28% 3,000 v 54 20% *17% com— 53 102% 17% No par 4 54 43% 28% stock—! Special gtd 4% *32% 4 la ' 54 20% "7% prjrj _No par 8,900 4 54% 102% 17% com 400 4'/a 4 54% : • 441/4 28'/a — 15'A 20% _5 Illuminating 12 V2 *14'A 102% —20 preferred non-cum $4.50 .12% 15% 43% Co com & St Loqis Ry C 12% *14'A 20% * ; 12% 15% 9,7Q0 65% 102% *6% v 100 13% . 65 44% 28% •' 100 30 31% 65 y2 4 • . No par —5 1 ;29 % 29 y4 21 43% —No par 6,200 2,100 52 65% *14% 34 > 10214 Elec Gas & preferred Cleve Elec 26 Highest 54% *49% 69 ' 53 Va -100 — 13,200 • , 25% ■ 29'/a 12 /• 4 Va 25 18,600 31% *12% 55 ' 26,100 30% 67% . 4 55 Va _2.50 : 4 55 6 57/a 30 30% • 15 ,-100 Corp 6'A 13 14% 28% 5% Jan Lowest 31% : 68% 29% 30% Feb . 67 29% Clinton Highest 30% 70 8.50 Climax Year 1948 , 32% 68 - ——10 common Range for Previous Lowest 26 52 53% 28% 19 140' 26 *48 52. 301*8 ,1100 preferred Copper 5% . 3,600 11% 32 26 20 Jan 3% 32 y2 15% Jan 78 Vi 3% 3% 26 30% Jan 138'% Jan July ;; 92% May 3% 4 3%, 32 Va 4% Jan 147 Dec 2,500 26 27 Va Jan 1Q% Jan 36% May 7% 32% • 4.% 7% 25% — 26 Jan •^7 y2 32% *48 No par Clark Equipment Co_! , 3 43 7% 33 Cleve 25% Jan 900 3,500 8 8 32% 11 39% Jan Jan Va 14% 26% 27 35 % 7% 13% 33% Jan 48% Mar 4% 7% 14% 8 8 4. '• 9 9y2 7% 13% 26 preference Jan 47% May t 14,400 9%' 8'A lo 33 convertible 72 Nov 4 8 9'A • 15 11% 105 Dec 9'A 9% *7% 11% 13 Dec - 9% 7% 14% 11% 11 12% 3,000 11% Jan 105 78% May 8% 11% preferred City Stores 20 25% Jan V" 8% 11% 5%% 112% Feb" 3 10- 9'/a 11 70% Jan Feb 23 9% 12% preferred Cleve Graph Bronze Co 5% preferred i 23% - Jan 9% 11% City Investing Co common 7 42'% Jan 3% 1,100 9y8 6 '/a 4% 8 82 4% 4'/4 31% C I T Financial Corp.! City Ice & Fuel 3 30 % Jan1 "7% *4 '/a 1 6 C Jun 34'/2 v 5 7% 500 *4 14% Cincinnati Milling Machine Co—10 ,, July 105% 69% 26 28 % Feb 21 27% Mar 176 Feb 82' 8 la 14,200 V5 .84% 4% 30 Cincinnati 7% Jan' 12 4 8 la 9% : 31% 31% *84 4% 7% 7% 14% 84 ^-'8 6% 5%% 29% Jan .27 8 Feb 7% 14% 32 84 4% 9y8 9% 9% 9% 8 16 Va 31% 84% A% • 317/a 11 3 Jan. 6% Feb 9% 8 32%/ 1,000 29 Childs . I 80 9% 15% 25 vtc Chicago Yellow Cab 3 Jan Dec 9%' - • 1,800 22 % 6 % P vtc & preferred Chickasha Cotton Oil 24 j ail 8% • 7% 22 23% 29% Chrysler 45% Feb 9% *84 30 *7 23% 6% Chile Xis 9% *4% 7 24% 31% 84' 84 ; ■ 7 1,900 97 28% 7 103 % Feb 4% 7% *95 400 21% 21 ' 6% 8 3 84 % 4% 7%' 24% 21, 95 11 29% Jan 25 Jun 7% 75% 4 *837/a 4% 20 Va 95 3,500 14,100 25% 6 Va Jan 11 32% 10% *24% 28% 7 Feb 7% 25% 32 18% 6% Conv 7 42% Jan x20 7% 25% 11 % 25% 1,000 s 18 VB 29% Jan 29% Jan Paul 7% 21 y4 V 97 *95 10 Va 7 y2 6 Va 58- 27%. Jan. 11. Jun class A 84 21% 21Va 97 26 y8 4% 40 21% *95 3ay2 26% 32% 84 ^No par St A 36 "Jan- & Louis Ry Co *25% 26% preferred—_50 60 32% Feb 50% 23 Va 1 V.:7,: % 32% 100 ; 6% 7,600 22,700 11% 10'/a 28% Chic 19 5'/« Jan preferred. 96 6% •11'/a '* 100 $3 4 16% Jan *95 70 100 No par 20 Jan par No par 11 *24% 1,200 83 Chicago & Northwest com No par 5% preferred J.00 Chicago Pneumat Tool com__No par 21 74 Jan 63 % May ■ 34% Jan No par Class B 3 Jan ! ; 1,600 106 23%" 24% 11% 10 Va 8'A 3,000 7.% **81' 26% 10% 5,300 4 VB 106 *7% com_5 3,100 18% 7% 82% • 600 16% 10 4 107 200 8,900 18 18% 7% 400 22% 97/a 4% 82% 26% : 19 • - —_9.50 Corp _1 : Milw •16% 10%" 7% *106 106- *82% 128 16% 25% 27% 26% 103% *17% 19 7>/a 106 25,100 103% 128 17% 4% 20'A 7%- 150 3,800 26 y8 •217/a 9% 4% *19 7% 3,700 52 % 22% 16% • 2,300 x52y4 *17% 10% 19 7% 106 25% 16% 10 4 % 19 107 16%; 10Va < 4 % .7% 107 *83! 111 RR Co com—No par A Series 7 20 31% Feb 25 5% Chic 8 Feb 49% Jan 31 , 4% 19% »'7V8 16% 9% 6 'A 137 % 22% • 40<J . 33 % 6% *136 127 • 2,500 33% , 104 125 .. 700 ' 13 ' 32% ' 137 *103% • • 34 11% Copper Corp convertible Chic Ind 7 Jun Feb • 7 45% i 4% 19% IVa >105 Chicago Corp (The) j, 1 Chicago Great West Ry Co com__50 7 May 20 4% 9%- 20% 7% 100 Products & East class : 7 8% Jan 33% Jan 40 44% Jan 5 57 14% v 8 25 % * 129 • 20 100 jno par preferred 2%% Chic : ,'*136 ' 104 Mfg 1.25 Chesapeake Corp' of Virginia 5 Chesapeake & Ohio Ry common—25 • 33 % 136 No par West Co— Belt $4.50 7: 11. 11. Dec 1332 34% , 128% Checker Cab 11 10 Feb 11 Dec 137 34 136 22% _No par Sugar Co Pasco 33%. 137% 1 1 Champion Paper & Fib com—No 7 7% Feb 13% Feb 3% Feb 26 39 de Chain 3 U '/a V eo 33% . ' 21 Feb, 85 28% Feb 49% Mar 105 Ga 33% 137% 128'A 23 ; -20 preferred series. B vtc 'Certain-teed 21 7 Jun Dec 90 of 35% 138 23% 128 % —100 Central NY- Pr Corp 3.40%. pfd—100 tCentral RR of New Jersey,.!—^100 7 13 y* July Apr • 13% 10 No par _No par common preferred' : Central Aguirre Sugar Co_— Central Foundry Co__—; 7 41% July 7% Mar . Feb 8% Feb 12% July 22% July 15% July 4% Mar 30 Corp 5% 7 4%' Feb, ■ 14% May Jan Jan 7% 3- July- Nov 6 • 26% 1 18 8% Jan 79 90 Feb 12 Feb Jan 96 31 % Jan Feb . 7% , 26% ! 7 22 May 27 24% Jan 1 1 6% 27% 7 34% Jan 30 45 % Dec 1 10 6% 25% ' 6 33 I 28 11 26"% 25% Mar . 6% *32 6,500 31% *12% ■ v 160- : ?7% *31% - 13% 33% 27% Violeta Feb 32 • *32 3,900 108 % '27 y8- 53%." Central Feb 31 Va i 7 *31 1*3% • 33 v-.x-: • 7% >. ; 13% 33 e.% 106% 53% Century Ribbon Mills 90 • *63A 31%, xl3% 107 27% ' 27/a 53% 14 17% » 7' 3J%( . 33 10,7 100 5%' 5% 53% 2i 24% . 6% <■•••;';-, 13% >,• 53 ' 53% & 21% Jan 6% .33 13% *32 ; 27% *50 Shares 13 5% 53% Central 13'A Jan 11 10% Feb I3V4 32% 108 27% the Week *12% 53 5%' 53% i Central Hudson G & E Corp Central 111 Light 4%% pfd 2 Jan 33V- 34% 13 32% *6% *50. ^.No par 35% Jan. 20 8 . 13 32 *107 * 27% V '••#: V 6 52 % doramon. Co $4;75- 1st. preferred— 1% 2nd preferred 19 11% Jan *33% 12% Corp*—'-—4—1 107% 26% 7% 5% 54 Central Jan • 107,% 108 v "V,. 52% ; 84 7 27 5% 33% > 3 11% Feb 107% v 5% 53 :*50 I 1 13 *137Va 27• - \ 5% ? *12% 35% 7 Jan ; 53 14: *12%' Sales for Feb. 11 1$ per share 138 »/4 I) Celotex 108 '5\ May" Jan *50% 5% 27% 33% 33% 13% 32 10 * *12% 53 *50 108 27% 12% Friday Feb. 10 tlper share 1 34 la 21 7% Jan- 11 v Thursday ' | per share >137% 7' 24'A Jan,." 8 3 Jan Feb. i) J 25 6 iJan 6- 9 •100 % Wednesday: Feb. 8 •—*———100 Jan.20- 26% Jan. &. General (J 7% 11'A Jan, 24 Dec Tuesday $ per snare 'Celanese Corp of Amer com—No par 7 131% Jan common—. preferred'— Caterpillar Tractor 17 Dec 7% Case 7 104/ Corp 12% 6y8 * >107 ^100 Conv preferred 4% series——1-50 ' 4 32 %, Jan : 6 Power & Light——_No par Carriers 7 Jan 3: Dec ... Carrier , 3 6% ; IV 37% Jan .'• & Ohio Ry 53 Carpenter Steel'Co—:—.4—'-—*--5 ' 2 18% Jan. 11.' 22'/8 « Carolina 8,' 9'% Jan Carolina clinch ' 33 11- 17'/a Feb 16%; Jan 16 7 14.% Feb. . 34% " Feb. 7 , t per share 13% *51 preferred A___—————10 Capital Airlines Inc—!———1 4 Feb *12%; $3 35% Jan, 29 . Feb Feb s 27% Feb. 100% Jan;' 3125 Feb 10 May 22% Monday , V Feb. 5 $ per share Capital Admin class A common—1 i : 55%.Jan/ 7 s Feb; 108 7 25% Feb Jun' Saturday A Far 6% Jan. 17" ' 68 STOCK - Jpn;i7'': 53/ • 131 ►; Jan Feb t 35 T Jun Nov l"!. f LOW AND HIGH SALE PRICES •">;> EXCHANGE V.V. • tjfer shpri . May YORK NEW Highest RECORD • 147% July Feb X50} . Jan 52% ?, share 5;% Feb 4 5% Jan 3> 102 ; Jatv;iQ> 26%, Jan 17. 31% Feb; 9. . 12% Jan ,4 32 Jar\ 14i $y2 Feb, 10- 110%. Nov Dec t i Lowest 12% Feb Aug t . t per ' May 18 Apr V t t per share Feb' • Range Since Jan. 1 •!' Highest I per share > STOCK STOCKS , Year J94H YORK 500 !' rt 3,500 ' 1 \ > 1 . /;• il' COMMERCIAL 46% Feb 14 11 83/a Jan 11 563/4 Jan Apr 25 54 Jan 55% Jan 16 Feb 19 % Jan 49% Jan 2 50% Nov 15% Jun Nov- 23% Nov 98 Dec l7/a 8% 20 Jan 20 Corning Glass Works common 99% Jan 25 3%% 21 Cum 5 100 100 Products Corn 4 62 Feb 178 Feb 2 3% Jan 3% Jan 26 Jan 2% Jan 8 32% Jan 7 Crane Jan 14 Feb 28 Feb Jun 99 Jan 93/4 Jan 19 Creameries 7 25 % Jan 12 Cream of 19% Jan 7 16% Jan 36"% Jan Dec 46% Mar Dec 34% 91% Feb 103 % 95 Dec 129 Feb 24 Jun 29 3 41% Jan 27 % Jan 8 94% Jan' July 3 : 97% Jan 4 Jan 6 72% Jan 24 5% 25 34 Jan 25 Feb. 11 30% Jan 10 Cuba 17% Aug 133/4 Feb 10 73/B Feb 7 Feb 155 177 Apr Dec (11% Dec 15% Dec 24% 7 Feb Jan, 27 13" Jan 7 Cuneo Jan 7 A Jan : :i8 Prior 12% July 3 4% Feb Feb 137 Sep 21 ' Feb 136 Jan 20 Class 7 Jan 21 137 2 2 29% 293/8 28% 100 28 29 100 9% *9 233/4 23 23 *23'A 24 23% 23% 23 23 l67/a 167/a 167/a xl7 17% 17 Va 173/a 17 17'A *403/4 9'/a 42% *95% 403A 25Va 25 24% 96% 100 ' *95 " 96 *95'/a *40 3/4 41 24% 96 203/4 203/4 24 95 95 Va *94 98 20'A 20 70 70 *69 70 27 28 14. 13% 13% 1 100 pfd Corp common 74 12% *16% 6% *124% 49:% 8% *15 6% 16% *124% 126% 49% 49% "* 83/8 21% 8% 22 % 22% *13^ 140 22% ; 6% ,. — 22% 22% 73/8 > 16% 16% 17 6% 6 3/a 124% 125 8% *49% 9 22% 5% 300 , 18,100 60 125 122 125 , 6 49% 49% 900 8% 9 Va 8% 9 Vs 79,400 Va 23% 140 3,900 140 *132 # 800 23 *22'A 23% 23 22 21% 21% 21% *132 1 140 23% '16% 49% 22% 22 *132 140 16% 600 12% 49% 50 8% > 12%' - 6% 6 124% 63/e 21% *132 22 V2 123/4 6,000 7% 74 *70 74 *12% 460 7,400 133/4 178 7% 7% 7% *70% 12% 12% *16% 126% 49% 178 *160 7% 200 26 13% *160 74 *70'A ■ 17 21 140 178 *160 178 7% *70 12% 8% 22% No par *160 7% 49% 22% *132 7% 74 12Va 16% 6% 127 49% 8% 1 178 *70 12Va 30 2,700 /70 25 29 13% 160 V 20% 20% 29' *160 7% 4,400 24% 95 x95 '/a 20% *69 70% *69 300 24% x9o 96 100 20 3/4 700 3,800 43 * 96 24%. 24% *95 96% 100 42 *403/4 43 24'A *41 29 *160 ,178 7% 7%. 1,000 9 Va *9 9'A 9 14 *124% 8,600 100 *98% 9 23 163A 9 9 14 10 28% 2 *98 3/a 293/a *98 3/a 100 1,500 2,200 3% 2 3 S/8 2 Va 3% 2 60 178 *177 178 *3% 20 5,600 60 3/a 59% 60% 59% 178 3% 4,000 99% *98 99% 29 Inc Cutler-Hammer 61 178 *3% 3% 2% 29% *98Va 60% *177 177% 530 100 *99 100 *98 1,700 21% 21% 21% 21% *99 99% 14% A 7 29% 21% 100 29 Cushman's Sons Inc 7% 26% Jan 2 21% *99 *98 20 9 Va 51% 51 50 3/4 51% 9 9'A 9 v. 51 14 VA — 4 177 % 3% *2 9% 9% 51 29 - 22% Feb x31% May 21% Mar 24% Jan 8 July 28y4 ; Jan 91/3 50a/4 51 21% 21% *99 100 *98 ' 99% 597/a 60 % 1A% preferred Curtiss-Wright common 9% Jan 31 91/^ 9% 4,900 513A *51% 513/4 120 16 16 16% 16 *51% 29'% Inc preferred 513/4 13,500 : 55 *54% 143a f $7 19 16% *51% 25 55 29% v 19 Jan 603/4 16% 51% 55 100 pfd No par —No par Jan 7% Jan '' 18% 7 7% Jan 50 213/4 997/a 98Va 54'A 16 Va 70% 16% 6% 129 1,100 1 *54% *54% 21 Cunningham Drug Stores Inc—2.50 Curtis Publishing com No par 4 25 52Va 29 13 11 May 26% *51 % 70'A *12'% 14 Aug 61 26 26% 20% 5 Jan 150 Dec 1,700 26% 26% 2 76 5% Feb 122 Feb 47% 133 ' 14 3A 14 71 *71% 47% Jan 13% July 122% ' • 48 3/a *14% 26 '/a *98Va 100 x.100 Press 47% 14% 6% common—10 .—100 non-cum 7% preferred Cudahy Packing Co common 4% % preferred 8 Jan 16% Feb"11 July. 17% May 73 12" 88 8 3/4 Jan 67% Jan.17 13% May Dec 6% RR Cuban-American Sugar 15% Jan 27 Jun 7% -67% ' preferred conv 63A 48% 14'/a 137/s 21 % 21 7 66 Dec 96 *95 *70 Jan Jun •'12% No par No par 6% 473/4 14% 60% 41 25% 96 100 25 6% 49 14 *176% 177% 3% 3'% . 9'A 41 , 6% 48% 21 % 997/a *98 173/a 100 Jun 78% 24 com x6% 26% 54% 16 Va 51% 16 21,200 67/b 14'A 54% Shares 48% 6%' 9% 51 24 Crucible Steel of Amer com—No par 28% Dec Corp preferred preferred $4 2nd 05 % Dec 20% Zellerbach $4.20 25 Jan 96 X95% Feb 10 20 Jan' 3 Jun No par 5 preferred $2 Crown 473/4 the Week t per share I per share for Sales Friday Feb. 11 Feb. 10 9 per share $ per share 7 49 51% 30 Va 24 17 2.50 - Thursday Feb. 9 Feb. 8 63/4 477/a 137/a 26% 54% 16 14 9% 2 (The) « *98% 100 1 America of Wheat Corp • 26% 54% 16 '%' 51% 93/4 52% 29% 100 Cork & Seal com Crown 24 11' 25 common preferred 3 26% May 36% Co 33/4% Feb 23 Dec 100 1 1 preferred Inc 8a/4 Jan Jan 23% 99 14 7% Coty PRICES Wednesday Tuesday 9 per share ' 7 49% 21% 21% *99 100 *98 99% 61% 613/4 *176% 177% 3% 3% 2 2 25 com Coty International Corp 57 Jun 13 1947 Refining Jan 171% Jan 2 24% Nov 98% Jan preferred pfd 3%% ser of Jan 3% Dec 22 Jan 98% Mar 17% Exchange Bank & Tr Co 39% Feb Sep x21 Corn Mar 5% Dec 29 92% 7 12 92% Jan July 177 Oct 3'/4 11% Jan 94 66% Mar Dec 56% prior preferred No par Copperweld Steel Co common 5 Convertible pref 5% series 50 Cornell Dubilier Electric Corp 1 543/4 Jan 20% Jan Oct " 14 26% 54% / 16% *51% 93/4 52% $3 Feb 9 97% July Oct , 14 common—5 Corp Corp 7 ■ 483/4 503/4 Feb , 57% July Feb 18 88 Steel 9 per share "> 1 5 Delaware of Cooper-Bessemer 6 51% Feb Oil Continental 3 24 Oct 50 164'/a 153/4 Jan 293/4 Jan 10 21 '/8 Nov 86 7 July 55 42 '/2 Mar Feb Continental 11 13% Feb" Jun Feb Per 18 19% x49% Mar Feb. 7 LOW AND HIGH BALE Continental Motors— 7 47% Feb 33 Mnr 9% 6% Feb Jun 69% 19'% Mar 13 Jun 10% Monday Feb. 5 9 per share f per share t per share Feb 6 Saturday STOCK YORK EXCHANGE Highest Lowest Highest I per there NEW Range Since Jan. 1 ' Year 1948 RECORD STOCKS Buft for Previon* Lowest STOCK YORK NEW Monday, February 14, 1949 CHRONICLE FINANCIAL & * 19 Dec v » Jun 223/4 Jan 5 27 Feb 4 Dana 1 1 Jun 87 Jan 4 92% Feb 1 Jan 12-3/4 Feb 11 Jan 24 100 Davega Stores Corp common—2.50 5% conv preferred 20 Davison Chemical Corp (The) 1 Dayton Pwr & Light common 7 • 20% Oct 13% 30% 94% Sep 85 14% Dec "-'17% 18'/a Feb •' Jan 15 % Jan 13 17 % Feb 11 15 Jan 28% July , 14 33A% 31 7 20 % Jan pfd series A 24% Feb 31% Aug 3 30% Feb 3 82% Nov 94 Jun 92 Jan 4 95% Jan 21 Preferred 3.75% series A Sep 94 Jun 92% Jan 11 95 Va Jan 20 Preferred 3.75% series B NOV A 15% -8% Sep > 26% Jan Jan 9% Jan 3 10% Jan 8 9% Jan 7 Decca 13% Jan 27 Dec 42 Jun 26 Feb 11 Jan 12 31% Dec 46% Jan 32 Jan 4 34% Feb 2 3 34 29 % 34% May Jan *. 31% Jaiv 50% Feb 38% Rubber Co Dayton 6% Feb/ 2 37 Jun Feb 29 / 7% 24 21 Delaware 7 Delaware 7% Feb 13% July 73/4 Feb 10 93/a Jan 14% Feb 39% July 22% Feb 11 27% Jan 7 Escrow ctfs for 32% Mar 58 443/i Feb 11 50 3/4 Jan 24 Escrow ctfs for 20 21% May Apr 56 Jan Jan 55% Feb Jan 7 - 24 % Jan 22 26% Oct 23% Jan 17 11 Dec 16% Jan 11% Feb 11 19% Dec 28%- Jun 19% Jan Jun 37% Feb 40 Jan 7 42 45% Feb 1 22 % Mar 46 35% Mar Feb 38 46% July Dec • xl9% May 13% Dec 20% 25 Nov 41 46% Jan Jan 9 17 Jan 5 30 Jan Apr 48% Jan 7 51 Jan 10% Jan 3 117/b Feb Match Diamond Divco 3 Dr. 28% Feb 11 Jan 24 Doehler-Jarvis 19 Feb 12% Jan 3 15% Jan 11 Dome 67% Apr 48% Feb 7 54 32% Feb 50% Oct 46% Feb 11 Jun 33 Jan 21 Dow 106% Jun 103 Jan 11 106% Oct 101 % Feb 108% Jan 21 $3.25 Dresser Nov 31 Va Jun 19% Jan 22% Jan 26 83 Jan 98 July 84% Jan 86% Jan 21 Dec 20 May 12 133/4 Feb 1 Dunhill 94 10% DWG 10 7,400 55% 20 7% 8'A 3,800 24% 300 Eagle-Plcher 25% May 20% May 19 Va Jan 13 14% Feb 7 16% Jan 7 Eastern 19% Nov 12% Feb 7 133/4 Jan 7 Eastern Corp Dec 22% Jan 9% Feb 11 13% Jan 7 Eastern 38 Feb 45% Jan 7 14 46% May 175 33% >82 Mar j i Dec 39% 143/a Jan 4 18 Jan 90 Jan V 8 88 Jan 12 Jan 10% Feb 4 8% • Jan Jan *20% 29 Feb > Jan 11- Oct 13% Feb 7 Jun 33% Feb 9 ; 43 ''J Jan 7 21 7 • 37% 37% 38 46 45 45 1% Nov 13% Feb 139 Feb 123% 2 5'8 Feb : 166 Oct 147 Oct 1373/4 Jan : 5634 Jan 17- Jan Nov t 27% Jun 18'% Feb Dec - 743/4 Jun 49% Feb <43% Dec 12'/3 Dec 19'% x55 Jan Dec 47% 46% 19% 100 8 103 85 85 *82 85 *82 85 14 *12% 14 *12% 13 *85 86% 13% *12% 14 12 12V4 *12 184'A *120% *100 *114 v 11'/a 'V.' 12 185 182 % 120 120 100 *99 115 114 114 114% Corp *10 3/4 11% 11 _ Feb. 7 10% 44 42 Va 18% 16 Va 1 16 Va 16% 163/4 *86 100 ' 90 A- 7 ■ 14 r *33% 7 38% 38 14 Va 13% 133/4 33% 33% 97 V 4'^a 9 Va Feb Jan .. Feb 50'% Sep 4 9'/4 - Dec Dec 3'% For Dec 6% . 4% Jan Nov 16'% July ; 12 / 24 18 104 Jan 13 Jan 7 14% Jan 21 5 Feb 11 56% Jan 3 61% Jan 24 68% 64'% Feb 9 68 31 9 Apr 4 - 49 Va Dec fnntnntoc May L 8 Va Feb 11 7 '/a Feb 9 Jan 4 36 7'% Mar mttrp Feb 8 J a 11 20'% May 11% Jan 7% Mar 34'% 28 65% July f Feb 59 32% Jan f. 12% x. —10 '• 18'% 50 50 : 4 24. Feb 2 Jan 4% Jan lOVaJan 6 7 preferred Equitable Office RR 5% Erie preferred series A Pittsburgh RR Co Eureka Evans Williams Products 7 Eversharp 9 Ex-Cell-O 21 Corp/ Co__ 5 10 25 .100 1 —100 50 5 3 1 Inc Corp Exchange Buffet *49 3 Corp 2.50 473A 13 13 »A '44% 13% - *14% *30'% *101 ■>: *4% > 38% '• 7»A 38% 33% •1%- - 154'/a 138 *136 48 48 154'% 21'A 1 154'% ' 154 154'% - 137 *136 , •V 12% 1,000 18% 18% 19'% 193% 19% '19% 19'% 2,300 *51'% 53 52 52 50% 50% *44'% 45 45 *44»% 123A *12'% 11'/a 13'/a - 12% *44'% V 12% 70 70 12% 70'% 3,600 10% 10% 3,300 11% 11 11 11 Va 10% 14 13'% 13% ■; 13'% 13% 13'A 13% 13 Va 13% 15'/a 15 153/4 15'/a 15*3/8 15% 15% *153% 15'% 32% 31% 31% 4% *12'/«" 102 102 103 4 %"■'•■" 32 *31 '/a 31 ' - 1 ' 43/a 12% 12aA 4-Va 12%' *57 59 *57'% 58% 68 *65 70 4 4 4»/a8% 7% 4 4'A 8'% 8 37% 4 ' 8'A 8% 31'/a *101 43A 12 5/a X57 64'% *4 8% 7 3/a 7% 7'/a 373A 37% 38 3A *3% 4»% *3% 32; 102 *313% 101 101 - *100'% 102 57 *56'A 5734 *56'A 57% 65 *63 66 4'/a 8% 7'A 39 4% 4'/a 8'% 7'A '37 *3 5/a 80 18,500 12% 12 700 12 3/a 12'/a 12% 1,900 4,300 4% 43A 3,400 : 4% 43/4 4%' 600 45 '■ 70 70 11% , 15 »/a 4'% 300 1,100 50'/a 12% 70 37 1,500 - '47»A "47% 18% 71 37% 16,800 493A - ; *69'% 31 ■ 700 4,700 1% 18»% 13% *44'% *102 1,900 1% 20% 139 3,500 34 , ' 48- — " 13 3/a 13% ' 2,000 3,900 : 38% ' *33'A ' 1% 48 •/ " 6% *13'A 13'% 331% 138 6%. 38 '/a - •• 13'% 22 -■ ' 13% 21 ( 10% 100 *96 33'% 1533/4 *65 *4, 39'A 88 10% 10% 100 133/B 71'% 32 8 7 t 33'A 45 103 9 - *.. 7'A 47% 70 7% 38% 10% *96 *86 90 *86 .v 10'% 137 «/2 59 8% 7'A 90 100 153 3/2 59 37 10% 11'A 14 15'/a 4'A 500 22'/a 13 4'/a 6,100 15'% 21% *65 • 29% 15'% '.1% 12 'A ' 29 16 70 12 43A:', 173 29% 16 45 *44'% 71 11% - 173'% 29% 53 • 18% *49 45 60 173 173'% 16 1% 473/2 13,000 43 30 213A 47% *13 ' 19 53 43% 171% 100 3,700 9% 93/8 42% *86 383/4" *134 137% 13,400 12% 93/4 1533% 155 47% 1 2,100 143/B 43% l7/a *134% 138% *70 No par common & Feb 4% Jan Bldg , 4 Phonograph 4% 83% Jan 39" Mfg Co & .13 _3 Natural Gas Empire District Electric Co_, Endlcott Johnson Corp common Erie 47'3A _No par preferred preferred ; Radio 100'% Jan *136% 153% *153%' 156 No par conv Electric Jun No par . ; 9% 213% 22 3/» 18'/a 14'/a 13; 1% 2 1% 21% . Electric Storage Battery Emerson 3 1% 22 Va * Emerson •104 1% 213A ». 18'/a 14% 12% share *12'A 18% 14'/a * 42% *96 7% 34 18% 14% 13 for Shares *153/4 10 '/2 *33'% I per 9 per share 183% Sales the Week Feb. 11 Feb. 10 29'A 90 13V4 34 50 Friday Thursday 42% 100 38% 3A 800 700 10% 10% 10% 600 99 115 171'% le 7 > *114 115 10% 11 99 7,400 120% 120% 99% 10 Va 10 42% *10 3/a *96 14>A 29 Va¬ *86 100 63A 7 39 33% 3 No par ; ■ . 10% 10% *96 100 *96 100 1 .—5 90 *86 *10% •10% 18% 174 *153/4 1143A 1823/a 181% 120 % 99% *114 181% 99 1,266 PRICES *12'% 103% 29 . 184 *119% 120% 9 per share 14 3/a *170% 293A 11% 184 500 11 % 11% 11% 2,400 4,200 20 19% 20% 11% Feb. 9 13 42% 173 % 29 19% Wednesday 18'/2 10 43% *170% 30 i 7 *10% 11 9 per share 18% 18% 29% - 2.50 shares Amer 7 1143/4 114% Feb. 8 174 43% 172 com.2 common preferred 15% Jan 99 /. Tuesday 9 per share share 18% 18% 100 _ common— common >119'% 99% 11 Monday f per _10 common preferred preferred- 183% 183% 120% Saturday common; Ind 11% 113/4 11V4 182% 120% Feb. 5 _ Co *12 3/e 185'A 121 100% 99% 101% 103 203/4 85 85 101% 103'A 20% 20'A 101% 500 104 % 103% 20 *12 103 Vs 102 20 13 % 2,100 10,600 * 103 103 86% 15 Va 49% 463'8 "47'A 103 19% *12 14% 49'A 47% 104 101'A *85 15% 49'A 47 104 103 '103 28,500 14%, 49 47% 103% 103 104 % 104 20% *103'A *102% No par No par 50c 47 Va 14% 50 14% ?■: 49 LOW AND HIGH BALE Steel Co 29% 47 Va 10% 13% Jan 30% Jan 8,300 46% 10% 11 Jan 29 48% 11 11 34 28% 29 5/a 29% 14'/a 13'/a Feb 10 30 47% STOCK Boat Mus 293/4 293/a' 14% preferred Convertible 1,200 49% 30 Va *12 3% 10% Feb 153/4 Feb 320 300 11 Va 14 Elgin National Watch Co—. 6 49% 11 Va 49% Elliott 14% Jan 2,800 26 11% 14'A 6 Aug 14 *23'A 49'/a 49% 7 16% - *13'A 27 11 13% 14% 16'A Dec 14 49'/a 48% 12% 20'/a July Feb 9% Mar 14 *24% 11% 29% 14'/a 24 12% 8,700 49% 30'A 14% Stop Paso 13% 11% 49% 1 Electric 5% 13% 49 Va 14-Vs -100 Electric El 13% 11%' 49% Nut Co.: Auto-Lite (The). 3 13% *49 V8 No par 15- 21% Jan ■ 13% 11% *11% 29% 12% 44% Feb 66 800 50 49 % *11% 14% 76 V4 Jan Jun 11% 11% 12% 3 Oct 76 • 200 11% 50 No par 5 800 44 11% 11% preferred—-—- Co *43 11% 50 14% Kodak 5'%% 44% 3/4 50% 57 Jan '• 38% *43 11 *49% 14'A *26 27% *12% 14 49 Feb 29'A - *37% 44% No par 14% 14% 1 Jan Dec 12'% 5 8 38% *43 14 % 13% Jan i 7 29 - *37% *11% 26 10 42'% Jan 41'% 5 5'A 1 12'A Jan 900 38 26 $6 10 800 19% v. 38 13% $7 Jan 11% 19% 14% 18 51 •'•V 11% 20 27% 14 11 47% Feb 11% 19% *25 160 Jan 8 ' 31-' 144% Jan 153 % Feb . 2 Va Jan 24 11% 14% 26 Electric Power & Light com—No par • 12 19% 14% 26 Elec & 3 *24 No pay 12 3 24% 13% 20 1% Jan 19% Jan 24% 13% Jan May 23% July 19% 8% 44% * • *11% 38% 38% *43 10 5 Products Elastic 20 20% Inc- preferred 4% % 7 343/i Jan 12 20 *11'A 12 Va common Stainless 4%% Ekco 20 15% Jan 38 Va Feb 16% Feb Jun " 11 20 *24 8% 24% 24-> 23% - *55 83/a 13% Edison Bros Stores Inc 8 7% Jan 98 20 6'A Jan 98 Jun 12 V; 24 8% 8% 11% Eaton Manufacturing Co new 10 11% Jan 37% 56 t 6% 7 174 5 ■1 *23% 21 % / 8 3/a 8% 11% Co Airlines Eastman 3 32% Jan Feb Jun 106 Nov -32% Feb 7 29. 16% Jan U1 Jan 164 Dec 92% Dec 5% 42 Va Feb -7 Jun 19% May Dec 92 12 61 8% 8% 23% .:. *23% Per Oct Sep 61 8% 133/4 9 per share Dec 10% ' *56 EXCHANGE 12% t 3,100 55% 60% *55 61 *56 11% 1st pfd YORK 9,300 60% *66 STOCKS « / Highest 7% -. 4,600 No par NEW Range Since Jan. 1 600 2,200 37 7% 45% 13% Cigar Corp 13% % 37 8Va 23'/a No par 30% Dec 37% 7% 11% Corp 13 157 37% 8'A 21% series 3 37% 8'A 21 % $3.50 Jan 37% 8'A 4434 Preferred 18 38 8 Va 22% 27 Dec 37% 21% Du Pont de Nem (E I) & Co com—20 Range for Previous 18 % 83'a 8'/a 47 101' share 38 38 8% 24 3 I per 32 38% 31% 21% 97% Jan t per share 32% 31% • 45% Jun , -32% 31 % 23% 99% 9 per share 33% 31% 21% No par Lowest 32% 32% 47 series Highest 27 33% *31% *27 24'A $4.50 Year 194* 27 32% 32 21% Preferred Lowest 28 33% 31% 46% 5 12% Jan 27% 32% 32% 24 21 10 27'A 33% 21% 21 10% Feb 1,300 27% 33 463/4 Jan Jan 11,000 26 27% 13'% common Duquesne Light 5% 5,700 *32 13% preferred conv 63/4 27% No par Co 70 6 5/8 7 23% 121% Jan 153/a 6% 46% 187% Jan Dec 9% 7 23 Va 8 12 9% ■21% 8 115% Jan 6% 21% 4 3 ■/,"./ 7 800 47% Feb 113% Jan 6% 9% 33% 37% International Duplan *9% 9% *9% ; 30 94% 9% 24'/4 Jan Jun 93 % *93 9% 21% 11% Feb 116 *91% 94% 46% 120 Jan 94 *94 23 179 111% Aug 13 *92% 95 49 Jun May 94 95 24% 188% July 18 *93 95 ',21% 124% Dec 93 95 21% Jan Mar 113% 93 46% Feb 12% }64 x29 11% 2nd preferred Industries common 3%% 12 Jan 29% 2 $4 preferred series A Feb Feb X18 % 17% 29 % 2 Corp Chemical 90 105 17% Co Ltd Mines 97 Feb 18% 293A Ltd Douglas Aircraft 7 50% Jan 18% '29 3/a 11% Co Nov 900 5,400 18 293A 943A 943/4 200 17% *29% 17% 18 29% 94% *93 1,000 15% 18 34 1 Pepper 200 15% . 123/4 29% 9% *44% Corp Nov 40 16 % 7 25 Car Motor T Corp-Seagrams 11% Feb *15% 67/a No par common preferred 47 29 16% 12% 23 % 12.50 Dixie Cup Co common Class A 21 Jan 16% *15% 9% 8 % ' 5 Co partic Distill 18 23 Dec 6% 8 Feb 26 *15V4 7 38 % 1 1 Raynolds class A Diamond 6 13% Feb Oct Jun 15% 8,100 92 *90% . 20 1 Corp 12% " Devoe & 26 153A Jan 12 Jan 13% Feb Vilbiss De 8 26 56 Dec 10 Jan 11 19% May Mar 11 13 12% Jan 22 12% 100 _ Detroit-Michigan Stove Co Steel 13 100 com pfd Edison Detroit 12% 9'/a 32 Detroit Hillsdale & S W RR Co_100 10 9% Jan 11 '% Detroit 3 Feb 58 11 7% Feb 60 • Dec 22 3 13%. May Dec 8% 20 13% West RR Grande Denver & Rio July *13 27% 50 Western & 13% 92 33% ! 20 Lack *90% 7 100 & Hudson 29% 95 % 1 preferred Jan 403A Jan 11 91 *18 95 • —__No par & Co commons 24% 91 9% 50c Deep Rock Oil Corp Deere > 24 15% *94 50c . Inc Records 24% 91 29'A *93% / 23% 91 24% 24 24%' 24% 25 92% 13% 18% 29% 100 . '--.":8% , 18 100 84 *15 % ' 24'A *90% 25 'A 92% i33/4 16% 24% *90% 133A 300 *63 66 30 4'% 4 4 2,700 8% 8 '/a 7'A 38 4% 8'% 2,000 7'/a 7'A 4,200 *373/4 38% 1,100 *3% 4 >% 200 Volume 169 Number 4777 THE COMMERCIAL NEW Range (or Previous Range Since Jan. 1 Lowest Highest I per thare YORK FINANCIAL STOCK CHRONICLE t per thare I per share NEW Highest $ YORK LOW STOCK per thare •<V/. v'V : J Monday "4 ?,'■* **"-! Feb. 7 Saturday •> EXCHANGE a. Par . Feb. 5 ,•/ (713) 17 RECORD STOCKS Year 1948 Lowest & 9 per share AND HIGH SALE PRICES Tuesday ' 11 ' I per share Wednesday Feb. 8 Thursday Feb. 9 t per share s Friday Feb. 10 Sales Feb. 11 t per thare f per thare tor the Week I per share Shares F 37 Nov. 5 Jun 36% Feb 8 41 % Jan 7 33% Oct 19% Feb 11 24% Jan 10 Fajardo Sugar Co 28% Nov 24% Jan 21 25 Jan 13 Falstaff Brewing Nov.'. 20 54% Nov Apr xl9% 11% Jun 1% Feb 10 7% Jan 7 Farnsworth Oct 12% Feb 11 8 Jun 35% Jan 3 11 Feb 35% Feb 16 Mai- 5 >; 20% 16 43 ' 20% May 14% Jan 12 % May Jan 24% Feb 99% 21% 25 25 26 Fedders-Quigan Corp Federal Mining & Smelting Co Federal-Mogul Corp 10 Federal 28 % Jan 6 20 Federated *38 5 Jun 96 4 99% Jan Dec 24% Sep 18% Feb 7 20% Jan 5 Felt 26% Jun 14% Feb 5 17% Jan 6 Feb 69% Oct 64% Jan 31 67 % Jan 20 53 Jun 45'% Jan 5 Jun 105% Jan 42 Dec 103% Nov 107% .49% Mar 14% Feb 28% Nov 96 Dec 26 Dec 42% 25 »/2 *96% 96% 96% 96% 9% Mar Dec 82% 24% 105 92% Dec 9% 11 Feb 3 Florida 13 % Feb 5 Florsheim Shoe class A 24"% Jan > Follansbee 15 Feb 10 10% Jan 11 Wood 28 29% Jan 8 Food Jan 3 90% Jan 18 9 Dec 91 19'A Feb 11 25% Jan 7 24% Jan 4 25 % Feb 3 Feb 10 11'/a Jan 11 8% Feb 8 9% Jan 11 Jan 16% May 10 May 10 Feb 17% Mai- Oct x38 Power 67% 461/2 67 67% 67'A 671/4 66 65% 11 44 Jan 13 11% Jan 19 12% Jan 25 18% Feb 7 20% Jan 12 84 76 Jan 3 78% Feb 2 4% Gabriel Aug 100 100 6% prior preferred Francisco Sugar Co Franklin Stores Corp Feb 9% 25% 10 25 221/4 16% 16% 24% 25% 25% 46% 2,200 X103 106 500 59 59 1,500 *16%;. 16% 26 25% 1,400 25% 6,300 99 99 *97% 99'/a 27 27 27 *27 27% 300 13% 13% 13% 13% 2,600 40 ' 13% 13% 13 '/a 131/4 131/2 13% 13% 21% 21% 21% 20% 21'A 13% J 2,200 100 *98 *26% 27 Co ___10 Froedtert Grain & Malting Co Inc_l Trailer Co common 1 94 92% 92 Va 21'A 20% 21 24'A 24% *24%. 10% Freeport Sulphur 9i/a 25% 85% *92% 25 % 25 Va ' 13% 800 7,400 9 , 13 21 /'.'■IS 25'A 9% 9% 2,500 26 86 *85 87 *85 87 93 *92% 93 *92% 93 21 19 'A 25 *24iA 25 *9% 10 , *92% 20% *24'A 25% 21'A *24% 10% *97/a 10% *9% 10% 8% 8% 8% *8% 8% 41% 42% 40% 41'A 401/4 12 12 12 12 12 12 18% 19% 18% 19 18% 19 761/2 76 77% 77 77 42% *75 *75 76% 40 25% 90 100 19% *8% 8% 8,000 2,700 210 100 8% 700 2,300 40'/a V- *11% ' 24% 25% 10 8% 12 19% 10 40'A 12 100 20 25 *9% - 9 9 25% 19% 42'% Fruehauf 9 20% 86 *8% 9 *8% 9i/a 24% 85% 21 *24% ' 9'A. 87 9 % 21 *10 No par preferred 60 17 46% 47'A 106% 60 13 % 13% 24% 93% 21 '• 47 *106 17 100 *85% . 87 *92% 1 700 21% 13% .21% 9% 25% *85% Corp__10 common 110 19% ' 1 Chem & pfd 3%% preferred Foster-Wheeler Corp conv 22% 98 *18% 60% 25 *98 *26'% 47 *97 106 % 17 24% 99 % 27 97»A 19% 106% 59 16'A 25'A 46% 97 *18% *58% 106 % *58 13%. 13% *46 Va *106 107% 13% 13% 21% '] 10 Stores Inc Machinery *26% 27 13% No par Corp 24% 99% 100% 13% 7% *106% 25% 25 27 46% 46 48 107% *99% No par Corp Steel Fnir 3%% 12% May 24% Jan Dec 67 No par Florence Stove Co 26 68% 67 (The) common__No par preferred 6 23% Jan 85 com Carpet Co Flintkote Co $4 Rubber Jan Jan 47% 67 17 95 Feb 67 17 11 35% 6 6'/a 17% Jan 10 15 17 25% Dec 8% Aug 15 No par 38 % May Mai- .22 15'A Firth 20% Feb Jun Nov 15 3 .12% Jan Jan 12% May 47% Jun , Dec 79 191/4 15% 17% Jan 14 21%, Jan 27 19% 15% 8 3 40% 18% 15 59 13 % Jan Dec 18% 15 59 7 Dec 18% 15 60 27 b.iv J 14% _10 preferred 600 2,20) 23% 25 5'A 18% 46% 31% Jan 5 30 J 17 96% 59% 28 97% 25% . ; 19% *106% 100% Jan 97'A 24% 25% 3d : 5 15 25 7 *16'A 5% 4.7„J 97% 100 5 *37 17 51/8 174,*00 19%; No par 7 37% *16% '< 300 1% 13Va 12'A 14% ' First National Stores- (The) 1 1% 13 *37 •,'/ 5%' 24% ■ 12% 800 . 3.0JU 25 1 4 & 17 ' . 19% va 5 Mfg Co.__ 19 Jan Jun 5% 251%, 1% 13 38 167/a 26% 3 13 *37 5i/u 25% 36% *24 167/a 26% 24 Tire 19 24% 5% 26% 36%. 20% *23% *16% 5'/a 49% Jan 27 12% 17 5Va 61% Feb 25% Feb 15% 17 5 37 x20 ■'V' 2% 37 17'/8 *36 20% 24% 13% 38% 'A y 37 . 20'% 41/a 13 37 106 % Jan 98 % Jan Dec 3'/2 13'/a 4 Jun 36 % May 13 4'A 37 *24% 25 37 3 4%% 20% 5 com Fidelity Phen Fire Ins N. Y Firestone 36% 201/2 *23'/2 13 Jan 53 May xl04 4 16% Feb 59'A July 20 % Aug 36% ■ 25 '/8 37 5 preferred & Tarrant 21 13% 17 Ferro Enamel Corp 4% % 37% ! 20% 4% 12% 1 2 37% *24 __100 Dept Stores Dec Jan 4 No par Motor Truck 53% . 38% 21% 1' 26 19% ; 37% 20 Televis'n & Rad Corp__l 17% , No par Co common.. Corp 6% Jan 9 5 & 17% Jan 3 31% May Morse % Jan 38 1 Dec Feb Feb 90 16% Feb - Fairbanks 18% x38 38% 12'A 12 12 »/2 1,200 19 18% 19 3,000 77 77 140 77% Wa 6 '/a 6 'A 6'A 6% G 6%. Dec 10% May 6 % Feb 10 6% Jan 7 6% Dec 10'A May 6% Feo 11 7'A Jan 10 16 % Dec 20 16% Feb 3 17% Jan 6 3 9% Jan 10 9 Dec 38 Va 12 Dec 12% Aug Nov 3 41% Jan 12 15% Jan 24 17 11 17% Feb 3 5% Jan 3 6% Feb 3 Gar 27% Jan 3 Dec 45 May 26% May 18 % May Dec 99% Mar, 42 Jun 106 7 15'/a Jan 20 42 % Jan 105 3 102% Feb May 10 Jan 8 Jan 11 Feb 11% July 10 Feb 7 10% Jan 24 159'/2 Dec 14 % May 160 Jan 6 163% Jan 9 Nov // 72% Sep 28 % 15 Nov 97/« Feb 82 Jun 11 11 Jan 21 8 July 11 10 Jan 7 Feb 74 Feb 11 79% Jan conv 1st 44% July 27% Feb 11 31 Jan 7 4% 18 Dec 24 Jan 18 Feb 11 19% Jan 8 General xl25 Nov 144 Jan 133 Jan 19 139 Feb 31% Mar 43 May 36 Feb 10 40 Jan >6 34 Mar 41 Jun ,39% Jaft 3 42% Jan 21 Nov 96 Jun 93 % Jan 13% Dec 10 Feb 5 13'A Jan 87% 9 Mar Feb 53 Oct 47 y8 Feb 11 Feb 128% Jun 123% Jan 4 Feb 108 Jun 100 Feb Lowest $ per share 66 Foods 13 I per share Nov 57% Jan NEW Highest 4 62% Feb 5 125% Jan 17 $5 6 100 % Jan 26 Preferred 18% Dec 120 2 General Jun 13% Feb 8 14 % Jan 8 Gen Nov 23 % Feb 8 25% Jan 7 ,18% May 4% May 13% Jan 4- 15% Feb 3 3% Jan 7 30% 17 122 12% Feb 11 Gen 6 10 5 % Jan 3 24% Jan 123 31% Jan 25% Feb 7 28 Jan 11 Oct 116% Feb 11 122 Jan 27 21% Dec 98% Apr 18% Dec 76 Dec Corp $3.75 Public Utilities 25% Jan 10 22 % Jan 10 Gen 4 30 Jun 18% Feb 11 21% Jan May 75 Jan 24 77 86% Dec 25 16 Feb 7 17% Jan Dec 85% x74% Jan 6 76 122 Dec 50% 96 % Mai- ■'< 2% Apr' 13 5 21% Jan, 7 50% Feb 6 V Jan 3 31 4 Jan 12 3 17% Jan 7 Feb 10 62% Jan 26 10 116 102 Jan 11 45% Jan 26 5 104% Feb 3 13% Jan. 19 15% Jan 11 3% Jan 7 101 Jan 2% Feb 7 5% Feb Jan 3 6% Jan 6 Aug 18 Oct 16% Jan 4 17% Jan 17 Feb 35 Oct 24% Feb 8 28 % Jan 7 21% Feb 11 Jun 95 Jan 13 Sep 12% Jan 11 14% Feb 3 6 32 % Jan $5 23 Nov 31 :,89 Nov 99 9 % Mar ,-xl2 | 14% Mar" 29 May 40 July Dec 36% 15% May Feb 50% May 23% Jun Dec :.132 Feb 145%i Jun 60 Apr 77 Feb 40% Jun '6 32 Jan 12% Jan 3 38% Feb 10 16% Jan 3 135% Jan 6 • uranite 13 Jan 13 43% Jan 7 18% Jan 10 142 Feb ll 3 Dec 17% May 13% Jan 4 14 % Jan 25 10 Feb 13% May 10% Jan 4 11% Jan 85 Feb *125% *101 103 % *100 102 • 1 • 59% 13% 13% 24% 24 % 24 14% 14% 14% *2% 2% 12 11% 19% 19% 4-% - 4% 4% 24"% com Lumb 60% 59 % 59% 123% 123% 123% 99% 99% 99 'A 99 % 1,400 13% 13% 13% 13% 13% 13% 13% 1,000 23%' 23% 24% 23% 23% 23% 23% 2,100 14'A 14% 14% 15 14% 14% ,14% 14 % 3,300 2% 2% 2% 2% 2% 2'% 2% 3,800 12% 32,500 19 19 125 23% *26 25% Vz 18% *122 4% 4% 24 % 23% 26% 119 % 119 11% 19 125 4% 24 24 ' 25 12% *18% "122 4% 4% . 12 J 2% 118% 26% 119% 118 29% 87 24% 24 % 1,700 20%, 20% 900 102'A *101 102% *101 102 % *101 19 *76 80 *76 80 *76 80 *72 75 *72 75 *72 75 *72 75 18% 87 .- 5% 100 *113% 11% 11% 11% 12 11% 12 11%; 11% 4,000 29% 29% 29% 29% 30 29% 29'% 6,200 19 % *50% 75 _ 19 19% :■»% 16'/8 *74% 86% 16'A 75% 75'A 19 19% *50% 51 90 16% 16 78 *85% 89 *86 '/a 89 16% 16 *75% 19 19'A *50%' 51 16 *74% 51 *50% 5% 5% 5%. 5% 5% *113% 115% *113'% 115% *113'% 15% 15% 15 15'A xl4% 57% 58% 56% 57% 57 57% 57% 57% 56 57'A 101% *101% 102 102 *101% 101% 103 42 42% 41% 42% / 104% *102% 104% 14% ■14% 14% 1 2% 5 *6 10 *16% 26 % 5 22% 100 *95% 1 13% No par *31% 12% 40 14% 2% 6 % 17% 2% 6 , 5% 115 41% 42% 103 Va i/- 103 '/a *103'% 14% *14'A V 14'A. 2% 2'A 6 6 2 'A 2% 6 % 17 *16'% 27 25% 26 24'% 22% 22% 22 'A 96% 12% 40% 95 % 13 % *31% 12% 39% 97 13'A < 13% *32 33 12 J/2 41 / -V . 42'A 104% 2% 2'A *6 2,600 *96 97% 13 13'% 32.-; 32 12% *31% 12% 39% 38'% 94 96 16% 15% 16% 15% 16% 5% 5% *5% 5% 5% 5% 5% 12% Nov 20% Jun 10 14 Jan 7 Feb 58% Jun 47 Feb 10 50 Jan 8 $5 57% Feb 81 Jun 61% Feb 11 71% Jan 7 Gulf 14 Jan 181/2 July 16% Jan 3 17% Feb 9 Gulf Mobile — & Ohio preferred Oil RR com_No par 11 No par Corp V 11% 10% 11% *92 11 47% 17% 142 *64 72 95 17% * 140'% *64 36% ; 36% 36% 13% 13% *13'A 10% 10% 10% *94 95 *92 11% 10% 47% 47'A 11% 47% 97% *96 13 •12% 33 *31% 12% 39% 17% 142 72 37% 12% 38'% 17 Va *140% *64 35% 6 '/at 97% 12% 33 12% 1,200 200 " 80 1,500 200 38% 2,000 10,600 17% 4,000 142 150 72 36 3,700' *13'A, 13 Va 1,100 10% 10% 10% 22,2T)0 94 94% *94'% 95'% V 140 15% 16 Va 15% 16'A 9,300 5% 5% 5% *92 14. 95 10% 11 *92 10% *46 1,600 95 107/a 12,600 48 47% 47% 47 47 47% 600 63 'A 64% 62 63% 61% .62% 62 .. 62% 62 62% 61%, 61% 16,300 1 73<, 1 75/„ 17% 17% ,17 % ,17% 17%. ,177/8 T 17% 17% 17% 17% 16,300 *47 25 " Vrv 95 25,200 3,400 15% *92 2% 21% 94 95 1 21'A 5% -*92 -1 22% 16% •>'. j 100 800 21% 17% 69 no" ., • ; ' 5,500 V 14'% 22'A "140 -96 2'A 40% 104% 25 39% .17% *94 14'A 24% 96 5% X40 'A ."*102 25 10% 16 300 25 13 % *94 102% 25 10% 1 *102 17 13% 10 4,000 6'/a 10% 100 56 % *16Va 12% 12% -140% 56 6% 13 '/a ,- 39'% 18 'A 141 j 2,900 16% 13% 17% 140% 2% > 10 .: 15 y4 16% 10 '/a 18% 15 2,700 5% 115'%, % ' 17'% *96 13% 33 *14 'A ; — 22'A 97 13% 33 41% *103y8 15 : 5,600 24% 22% 97 103 104 % 6'% 6 *16% 25% 22% *102 42% 42 17 *16% 103 600 19 15% 5% 115 i 8,400 51 15'% 6 *104 No par 18% *50'% 15% No par preferred 75'A 115% 5% 200 16 75% 15% r 13% conv ' *113% 6 10% $5 19'A 51 86'% V" 16 16% 16 115% No par Corp *84% 86% 75'A 16 No par common 2,100 29 No par Sugar 18% 30 *86% , No par Aircraft 18% 18% 12 '/a 13% 3 102% 19 80 18% 10% Jan *101 102% 19 *76 19 J/4 *13'/a 93 530 24% 29 , 19% 3 4 1,600 21 36% July 26 % 117% 23%; 24% 36 97 2,200 26% 116% 21 75 51 preferred 23% 26% 118% 21% 37 4%% 6,200 24% 36 Guantanamo 24 600 4% 21% 36 Grumman 4% 4% 19% 125 24% 36 7 *122 11% - 3 *18% 18% 700 24% *72 16% Common 11%. 12% 125 60,200 21 75 77% com 12 11% *122 -80 1 pfd Shares 20 *76 16% common for the Week 24% 19% 20 29% 10 Steel Sales f per snare 20% 80 5 P Friday Feb.11 Feb. 10 59% 24'A *76 Co_l No par com Thursday t per thare I per share 60 • No par com 500 123% 4% *72 100 101 24% *101 102% 19% ' *98 24% 20 *101 5 ! 60 *19% 24% 20 i 3,200 60% ■, 27 —20 4,500 47% 127'A 10 99% 120 No par 10 47 '/a *126% 10'A 48'A 123% 11% 25% 24% 400 59% 19 >A 119% 24% ! 7,100 ■' 99% • 125 *122 40'A 97'A 123 % 2% 125 30,600 99% 58% • 24 ia% lOc . 60 36'A 124% 13% 19% 137% 13'A 99% ny8 800 99% 124% 99% *122 300 '. *123% 60% 124% par 5 20 . 23 Vz 60% 2%. 74 PRICE8 Feb. 9 $ per share •' 39% 100 (H L) Co Inc__ 1 Greenfield Tap & Die Cprp__No par Gr*vhound Corp (The) — Jan 11,400 *93 127 100 Wednesday Feb. 8 9 per share 471% *64 6 1,600 8'A 36 97'A 127 v 69 19% Jan 9% 137'% 41% 10 lO'/a 127'A 139 40'% *64 94% Feb 8% 9% 8 • 37 69 8 10 36 *95 102 *98 Tuesday •" Feb. 7 124% 13% *126'% LOW AND HIGH SALE Monday 100 . ; 1 48 % ; 48 48 127 -*99% 595/3 10'A 10% 4.8% 126% *124% . 10% 10% '50% $ per thare /: 97i/a 49 103 v •.••••-,x\: 41'/a 97'/a 126 126: 103 40'% 96% *95 ... *64 5 24. 10 % 10% 51 *125% 40% *137'% 37 100 26 10 50% « ' 36% 40 % 97% Bay & Western RR 5% Feb page 40% 27% Green 15% Feb see 40 % 97 % 139 36% 142 93% Jan footnotes 40% 97% 138 139% 36% 18 Jun 10% Feb *137 37% *141 Jun Jan 36% 18% 18% 100 9 92 140 % *137 40% par 44 For 37% *96% preferred 25% July 98 s 8% Sugpr com—No par 7% 10 Dec Nov 5'/a Mar 10 9 139 37% yi39 120% Stores 10 8% " ; _i Great Western 6 16 % conv 10 : 2,900 18 Gt Northern Iron Ore Prop__No par Gt Northern Ry 6% pfd No 4 38% Jan $2.25 . 9 100 10 163% 27% No par 3%% preferred Grayson-Roblnson 10 *163 18 Inc Co 10 J/4 "163% 27% Co (The) (W T) 10 *163 74 *50% Grant 10«/a 163% 18% 50 13 10 *163 10% 130 2,900 103% 28 No par 25 Jan Green 35% Feb Uity *102% 76 com 24% Jan 13 % 901/2 Union 104','2 42% "43 43'/a 102% *26 .— com Graham-Paige Motors Granby Consol M S & *103% 104% 43 102% *18 No preferred Grand 43 103 J/2 *74 preferred 97 Jan 29% ►. 104 104% 43 *102% 18% Co Gotham Hosiery 18 ;• is 4,600 6,200 29 *75 19% preferred 18% 13% 76J% No par Goodyear Tire & Rub 18 >/2 13'A : *27'% Telegraph Co $5 19'A 13% *75 100 (B F) 300 31 18% 13% 29 Goebel Brewing Co Gold & Stock Goodrich Co 7,100 18% 76 % common Goodall-Sanford *30'/a 32 6% 18% 100 (The) conv *30'/a 6% *27% 10 preference Co 4%% 6% *75 Feb. 5 preferred Glidden 12 x40% Feb conv $4.50 2 15% ' $5 Gimbel Brothers 31 101% Jan Jan 8% Jan Jan 56 Jun 5"% Dec Jan . 14% Jan Oct 23% 3 115 Oct 105% i 11 5% Jan Nov 24% May 64% Oct 103% Aug Mar Dec 18% Feb 48% Jan May 55% July 6% Oct 38% Mar 15 Jun 28 471/4 Mai- v: May 6% 18 % *75 -. Saturday com 75 6% 28% preferred Safety Razor 500 77 77 r . 24 & 17 9% 8% 120 Gillette 91 10 Va *27 7 7 10 17 17 10 Va *163 9'/a 1 33% Jan Feb Feb 17«/a 163% 10 y8 ;• 10'A No par 3%% preferred Geuigia-fac Plywood 29 Va 8% • 7 39% May 17 y8 18% No par 12% Feb 96% 300 17% 28% preferred 4%% 15% 13% *104 • 43% 10 Va 8% *75 . No par 7 Feb Jun 4%% 39'A *14% 13% 103 7/8 10 % 10% - 10 * 153% pfd Gen Tire & Rubber Co 700 *39 15 18% _No par No par 19 Dec Mar ' . Jan 27% ,94% 5 Instr Corp 1,400 39% 15 28% Corj) Time l6 *163 No par 102 % Jan 3 *10% 163% 10% . Refractories 3 9»a 18% Corp 25 9,100 *9 18% - 104»% 43 y4 102 Vz 43% 103% 100 com Jan 20 87 113 43 'A *102 Va 1 Advertising 101% Jan 22% Jan *104 105 *104 43% 103"% "163 100 Portland Railway Signal 6% :/ ' 3S% •.•v' 32 32 1.200 €'A 16% *27% com 11% (Feb > 14% 104% 43% *102% « No par series Dec 82 % May Feb *104 5 STOCK 90 Nov 13 Vz 31% *30 No par com General Shoe Corp Gen Steel Castings $6 General Telephone 29% May 30 % May Mai- 18% 13 Vz 10c 132% 4 18 Va 14% Gen Realty & Utilities Dec 19% 19 '/4 13 »/2 General Feb 48% 30% 18% 14 % 7 Nov Jan 30% 19% 14 4 24% 72% 30 % 19% 100 22% v 30% 1 preferred 110% • 50 No par YORK Outdoor Gen 7 Jan 17 4% Feb Jun 102% 6% No par Cement Gen Precision Equip Corp Gen Public Service 20% Jan Jan 23 '/a Jan 61/2 May Feb 3 18% Jan Jan 10 11% Jan May 128% 4% Mar 2% Feb Jun 29 - 6% 100 Co Corp Motors General 15% 6% 9 6«/a 6'/a 5% 50 preferred 17% Sep 22 % Jan 26 Feb 6% Par 123 % Jan Dec 6% % per share x97 Nov 6% 100 EXCHANGE Jun 2% 6% Instrument Corp Jun 10% 1 preferred 3%% conv preferred 125% 12* . 17Va 5% ,99% Feb 17% 16% No par General Mills common Oct 16% *17'/a No par $3.50 preferred Range Since Jan. 1 Highest 50 '% Mar 17 %. 5 General 93 % Feb 12 ^ Mar 119 *17% STOCKS Year 1948 # per thare 17% 1 Electric Range for Previous Lowest 17 % No par com 13 107% Jan 10 15 39% * *16'A / ' . preferred General 28 Jan *14% 9 40% 15 100 11 52 % Jan 127 *39'A *14% com 2nd preferred Cigar Co Inc com General ■ 40% 97 39% 15 conv 7% 3 97 y8 Feb / 3 118% ! 39% 15 ; preferred 4% *16 J/2 - 39% General Bronze Corp 20 6% 9'/a 9 9 6'A 17 15 Transportation Corp. preferred 6 "A 39% com Investors General Cable 16% 9 9 9 6% *16% 16 % 15 $4.25 pfd series A___ No par General Baking Co common 5 $8 'A 6'A 6% 6 * 1.66% Inc preferred Amer 17 V* 6% 6% 6% 17 39% 50 $4.50 preferred General 6'A *16 9% No par No par Industries 6% 9% preferred Wood ' 6% 6% 6% *16% 5 Co General American 19 9% Mar com Gaylord Container Corp 6 46% Jan 106 conv 4% % 4 23 % Jan 3 103% Jan 25 53% May Jan 32 % Feb 18% Feb .,,8....13% Jan Apr 8% 146 - 105% Dec 100% / Feb 5 % Gamewell 6% V 1 20 ; (The) Gardner-Denver Co Dec Feb com Gamble-Skogmo Inc 14 5% 16 % Inc (Robert) preferred 6% 13% Jan 23% Jun 9% May n% ■Jan 1 Gair Co 38 % Jan 27% ': .9: . (The) 48% Aug 17% July Feb 16% Jan Co V 18 THE (714) COMMERCIAL NEW STOCKS Range for Previous Year 194H NEW Range Since Jan. 1 Highest Lowest Lowest $ per share $ per share YORK STOCK RECORD Saturday Monday STOCK Feb. 5 '• t per share HIGH AND LOW , EXCHANGE Highest ( •" I per share YORK Monday, February 14, 1949 CHRONICLE FINANCIAL & SALE PRICES Tuesday Wednesday Feb. 9 Feb.10 Par I per share 25 31% 31 % *31% Cementing__5 Printing Co 5 17 % 17% 17% 17% the Week Feb. 11 $ per $ per share $ per share $ per share $ per share for Sales Friday Thursday Feb. 8 Feb. 7 Shares share H 31 Feb 351/4 Oct 31 Jan 4 Nov 22% Sep 16% Feb 11 19% Jan 9 32% Feb 15 % 12 J/4 12% Dec 16% May Dec .12 xl4% May 3 13% Jan 9 Jan 11% Feb Mar 89 Jan ,73 Jan 24 Xl01% Feb 107 Jun 105 Feb 1 Feb 271/2 Jun .21% Feb 1501/2 Jan 148 Dec 4"% Dec 8 2 Hanna 23% Jan Dec 3 •24% Jan 19 20 5% Jan 14 5 65% Feb 5 . 7 Feb 11 8 Jan 14 t 6% Feb 11 9% Jan 19% Feb Jun 59 6% Feb 11'/2 6% Feb 11%. Jun Mar 3 21% Jan 26Jan x20 4 7 • 10 20% Oct 27% July 201/4 Jan 13 23% Feb 4 78 Jan 91 84 17 90% Feb 10 Jan Jan 3 •35 % Feb 1 May 981/4 Jan 14 100% Feb : Dec Jan 103 22V2 Nov Jan 30 i 241/4 Nov 22 % Jan 4 25% Jan 13 34% Dec 35% Oct 34% Jan 6 37% Jan Dec 22% May 131/8 Jan 4 14 Dec 57% Apr \ Dec 128% Feb 124% Feb 25% Oct 30% Apr 9 27% Feb 114 Mar 17 Nov 1231/2 July 27% Jan 17% Nov 28% May 78 Oct 86% Jun 9 Dec 14% Jan 9 46% Jan 127% Jan 22 28 Mar 37 Jun 31 Jan 25% Jan 12% Jan 116% Jan 15 . 122 , 18 Jan (M A) Refrac Hazel-Atlas Hecht Co •3% % Heinz J) Co (H Helme 7% 15 Hewitt-Robins 10 21% Jan 26 18% Feb 9 21% Jan - 79% Jan 3 81% Jan 8 9% Jan 7 Feb 11 Hilton Hotels Corp Hinde & Dauch Paper 11 Hires • 7 3 • 6 32 3 14% Jan Co 12% Dec 21% Feb 91/2 Dec 29% May 161/2 May •22% Jan 9% Jail 4 .10% Jan 18 Hollander 151/4 Feb 30% Jun i,19i/4 Feb 9 22% Jan 21 22% 53/a *5 53/a *5 53/a 66% *64 66% *64 66V2 30 7 7y8 6% 63A 1,300 9,200 20 % 20 'A 2,500 7% 73/8 6% 19% 19% 19% 19% 7% 7 Va 6% 7% 7% 20% 7 7ya 25 Dec 30 Oct 24% Jan '7 18 25% Jan 26% Jan 4 (C Holland 5% 11 E) • 7' 203/a 2oy8 20% *213/4 *88 90 22% *22% 22-%- '*22% 89% *87 89% *87 89 % 89 90 3/a 35% 35 *34% 35% 100% *100 100% 100% *34% *iod 35% 25 % 243A 37%' 36% 24%' 36% 133/8 13% 13% 22% 22% *34% 35% 100 3/a 100 3/a 100%* 35 *24% 25% 25% 25% *24% 37% *36% 37 % 36% 37% 13% 13% 13% 13 5/8 13% 25 25% *37'A 13 *36% 13% 43 % 42% 43% 42% *123% 125% *123% *43 *28 120 119 19 % 124% 27% 27% *118 /. 119% *18% 19% 18% 124% 28% 1193/4 18% 18% 1193/4 Furnace 18 3/a 18% : 19% 18% (A) 5 32 32 *30 y2 *13 14 13% 24% 24 24 24 10% 10 10 20%, 19% 193/4 9% 13% • 23% *10 20 25% 25% 25% '36% 36 27 Nov 42%.' Feb Nov 35% 99 Dec 11 Dec 18% 291/4 Dec 46V2 27 103 39% Feb 10 134% Jan / 3 26% Feb Jun Dec 7 29 Jan 13 Jan 3 105 Feb Hooker 11 7 Homestake 102 112.50 Mining . - *. *27% 273/4 pfd series A $4.50 div_No par 2nd 5 104% 104% Electrochemical Co *13 133A 400 *23% 23% *23 y4 23% 2,300 *10 10% 19% 25% i9% •i9y2 38% 393/4 27% 273A 273/8 104 1033/4 103% *103% 104% 103 % 11 11% 11% 30'/a 30 'A 30% 3 11% 11%,, 11 /> 11% 30 Feb 11 32% Jan 15 Houdaille-Hershey com $2.25 conv preferred No par Jan 50 30% 31 y)y. 30% 30% 30% 26 Household Finance com :_No par 29% 29% 29 % Nov 34% Jan ,•28 % Jan 17 30 Jan Oct 94% Jun 94 Feb 5 Mar 49 Oct 83% Jan .43% Jan 6 38 4 48% Jan 19 Houston Light & Power—, ■35% Jan 12 Houston Oil of 33/4% preferred 94 94 No par 46% 25 30% 29 93% *93 46% 46 29% ? 29 % 93% 46% 46% 100 , 30% 30 29 45% • 20% Feb Jun 29% Fell 7 14 Dec 23 Jun .14% Feb 7 15 Jan 20 Howard 33 Jan 47 Jun "40% Feb 7 46% Jan 20 Howe Sound Co 7 Jan 17 "10 Feb >7 113/, Jan 40% Feb 11 47% Jan 3% 38% 8% Dec 8% Sep Sep 14% May 34% Jan 50 . Nov Hudson 8% Jan 14 5% 2 12% t c v & Manhattan Hudson 19 Apr 9 Feb 8 11% Jan Hunt Foods 5 May 2 Feb 11 2"% Jan Hupp 11% Feb 7 14% Jun % Jan Jan 14 Hussman 73fc 7% 7% 42% 10 *9% 40% $ per share - Lowest S per YORK '45 Va 45 % 29% 30 29% *14% 41% 30% 15 41 y2 3,200 11,600 300 14% *14% 42% 90 95 2,500 42 7% *9 10% *9% 40% 40% 40% 5,200 7% 10% 41 73/8 10% 49% 7% x40% 1,900 28% 28% *93% 45% 7% 7% 100 6,300 14,900 10 10 10% 10'A 10 10 % 10% 10% 10% 9% 9% 9 9% 9% 9% 9% 9% X9 9% 3,900 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2 2% 3,700 No par *11% 12% 11% *11% 12% *12% 12% *12% 12% 12 12% 900 10 12 LOW STOCK EXCHANGE Highest $ jjer share 1,300 *9% Nc par Refrigerator Co NEW Range Since Jan. 1 Highest 30 29% 14'% *9% 41 % 30 93% 30% 10 42% 3,400 30% 45% 41% 7% 10 41% '11% 42% STOCKS Year 1948 I per share 7% 7% *10 11% 28% 41% 30 370 11 93% *14% 14%, 41 40% 2,200 105 6.66% Car, Inc Range for Previous Lowest 41% v 30 *H "1 15 40% 100 :• Corp Sep 143/8 42 ! 46 % 14.300 27% • 1 22% 11 15 41% common—100 preferred Motor Dec 93/4 Feb 30% *14% Hiyison Bay Min & Sm Ltd—No par Dec Jun , 1 5 Corp non-cum Dec 12% 10% Texas Stores 30%. "93 93 46% , \. 500 11% •11 29 28% : : 93% > 1,700 39%" 38% 27% Jun •• " '• 38% 27% 11 81 25% 25 Va 25% *25 100 .10% *10 ; 19% "37% 12% Jan 3?0 32 13% 27 10% Jan 3,400 9Va 9 31% 31 1033/4 v: 104% *104 3,300 13% 19% -*25 25% 100 19 84 31 *26% •; 110 18% 18% *82 % 9 Va 900 27% 118 *18% '•• 10 124 27% ~ 291/s 24% 7,000 10% 19% 37 VA""' ' 42% 24 *10 25% 36% 26% • 3b"/8 25% 36 30 9% ..:•/. 9% 9% *30% 14 203A 20% • :. 9% 9% 32 ••10% *10 • 10 preferred conv 24 24 5 & Sons 9% *13 1,700 118 19 84 230 13% 41% 19% 18% 37 *123 27% *82% 84 *82% 84 *82% 84 *30% 32 13% 13% - *82% 9% 9% *30% 10 Co 84 500 24% 36 'A *13% 119 ' 119 • *18% *19% 19% *18% 193/4 18% *118 •27% 190 24% * 124 " *123 700 100% *100 100'A 50 35% 35% 43 43 125% 28 29 29 28% 44 43 43% *123% •125% 100 23 *87 *82% —1 " 23 *22% 5 Co ' 20% 89% 100 The '..•". 7% 6% " * 23% *993/4 500 22 213A 22% *22 153 *148 66% 7% 1 Holly Sugar Corp , ' *5 7 *19 Ine 22 *64 7% *119 preferred cum 2,300 153 ■ <3%% 21 y2 53/a 73/8 par Heyden Chemical Corp— 30 V.21% 66% 73/8 *35 110 106% *5 65% 5 19 % Feb s 22 *148 *87 100 s No 600 *104% 106% *22% No par $4 conv preference 113/4 74 *73 *64 19% HCrcules Powder common—No par 5%- preferred 600 . 74 *106 22% *22 22% 12% 11% 11% 4,000 5% *64 7% new—251 No par Hershey Chocolate com—, ' 153 *148 153 *22 22% *4% 53/a *7'A 10 new '' *148 151 65% • 25 Motors 106 22% 223/4 x22 % 223A 22% 16% 12 3/a 12% 11% *73 300 33 . 16% " 100 preferred non-cum Hercules i ' 106 106% *106 107 *22 15 common 74 23 1100 preferred (G W) common 11% 73% *106 23 *4% 5 3.65% 113A 74% *22 1 •; common 11% 74% *32% 17'/a 12% 11% 74% *147 100 preferred-.^ • 13 *12% 12% 11% 151 1 Co 12% 123/4 74% 107 33./ 17V4 12% 74% *22% 2 Glass 32%; 17 % 17 *11% 12% *147 • 10 . 32% 17% -*32% 16% 33 *31% 33 " 100 Mfg Corp Hayes •; 12 "106 com__No par : ' 12 74% Co $4.25 pfd__No par Hayes Industries Inc 27 29% Jan . Jan I 7 11 41% Feb 11 41% 120% Jan 12% 100 preferred ; Hart Schaffner & Marx-c, Hat Corp of- Amer class A 4%% preferred 28 131/4 preferred '6% 8 29% 951/2 Jun 42 Ft conv Harbison-Walk 13 / Feb 149 Jan Jan (W ■4% 4% Jan 20% Jan Jun 79 Hall Well Hamilton Watch Co com—No par 7 6 61 341/4 May 201/8 Oil 106% Feb 14 Jan Water Halliburton Jail 81 11 146V2 July Hackensack 7 26 •12% Jan 79 2iy2 -• Feb. 5 / share Par AND SALE $ per share Feb. J) Sales Friday Thursday S per S per share for the Week Feb. 11 Feb. 10 , $ per share $ per share >• 93/4 10% PRICES Wednesday Feb. 8 Feb. 7 t per share HIGH T«esday Monday Saturday - 10 Shares share I Jun 32 % Jan 28 35 7 Idaho 27% Mar 42% July 23% Feb 10 30% Jan 7 Illinois Central 62% 90/ July 81 Feb 2 84 Jan 7 973/4 May 37 % July 96 Jan 4 96 Jan 4 21 Feb 28% Jan 21 30 May 2534, Jan 28% Feb 4 Illinois Jun 9 % Feb 10% Jan 7 Illinois Terminal RR 30 % Apr Feb 95 Sep 243/4 Jan 26% Aug 9% Feb 35% , 12% : 20% Nov 25% Jun 7% Nov 15 3/4 Jan 38% Dec 56 Jun 58% Nov 76% 21% Jan Jan 23% Jan 27 Jan 8% Jan 10 37% Jan 41% Jan 7 8 61% Jan 21% May 15% Feb 11 18% Jan 6% Feb 8% May "13 Dec 23% May 86 Dec 1% 11% Dec Feb 8% Feb 13% Jan 4 15% Jan 26 Jan 86% Jan 11 92% Jan 1% Jan 4 2% Jan 8 12: 7 Interlake 164%' Jan 3 170% Jan 20 9% Jun 5% Feb 7 7% Jan 24 Nov 23% Feb 38% Jun 25 71 Dec 93 Jun» 17 3 34% Oct 29% Feb 11 31% Jari .1 139% July 643/s Jun 137 % Jan 3 8 7 53% Jau 7 International 24 45 Jan 80 Feb 5 10 143 Feb *9% 9% 9% 8 *155 _100 4% Int'l Nickel of ; Feb 99 July 94 Jan 5 95% Jan Dec 14 May 6 Jan 6 7% Feb B Jan 66% Jan 4 71 Feb 9 Jun 57. 31 60 Jan 4 International i$4 Co 8% 13% *14 14% V 13% 14 89% 90 *89 90 89 89 *1% 2 90% *90 90% *1% 1% 2 1% . 12% 12% 125A 155% 156% 25 % 255/8 169% 167% 168 5% 5 169 168% 25% 25% 26 80 80 1 43/8 142% 142% 46'A 4'A 30% 473/8 100-.. ' No par. *95 26 81% *76 4% 30% 6 5% 6 144 45 97< 2934 *95 47 96% 6'A 5% 25% 25% *76 •■;■; 700 13 4 4 900 2,100 25'A 18.700 660 169 25 5% 4,400 25% 5% 3,600 100 80 *76 80 140 89 4% 43a 43/8 4'A 4»A 1,200 29% 29% 29% 29% 29% 29% 24,200 143 143 96% *143 143 46% 46 y4 *95 81 1,100 1.200 4% 30 45% 25% 25% *76 8'A 150% 25 169 169 6.700 16 12%: 150 5% 43/a 142 1% 12 12% 1683/4 6 81 *88% 25% 25 7.3 JO '"38% 14 y8 14 150 168% 25% 30% 150 25 aA 5% "4% 153 i 1% 167% 168 25'A 12 Va 25% 25% *76 1% 12% 12'A 152 154 5% 4% 30 *142% 12% 152 2 *1% 12% 25% preferred 8'A 13% 25% 15 £% 8% 157% com- 8% 13% 12% 1. Paper 8% 8% com—No par Canada 15% 133/4 8% 14 25% : 16% 8% *90 —100 37% 16% 8% 8% 160 *155 16% 16'/8 155% com 400 16 % 16 % 900 4,300 62%. 38 16% 2,100 38% *61% 63 160 16 % 1.700 8 8 37% 17 No par Corp *61% *155 400 11,000 9% 3 8'A ' 38 x37% No par Chemical & 63 160 38 3 4 _No par. . *61 *155 38% 13% 100 common Mining 62 160 1 39% 16% No par preferred International 62 *155 38% 1 l_. 62 160 39% 5 Rubber 62 *155 23 18 'A 39'/a 36,400 23% 23 y4 9% 23 >A *7% 38% 38 5/8 20 common 63 160 *60% No par 23% 8 38% 39% 23 % 9% 39 8 8 39 23 'A 23'/a 23% *73/4 8 39% 39% 39% 23 % 23% 8 8% 39 9% 22% 23% 8% S A —No par Preferred Feb Jan 86 93/8 . Machine Minerals 11 3% Jan 42% Mar 29 %; 43/4 Jan Int'l Feb 73 % Jan 5% May 135 27% 9% preferred i 100 Int'l Hydro-Electric Sys class A—25 24% Mar ; 23% 27% 7% 3 % Mar . 28 23% 27% 1 Mex, Iron__ Jun 162 21% 27% *95 23, common Harvester 5 98 21 28 98 23 27% 1 Corp preferred- Business 25' *95 22 27% *95 24 28 Co De Interchemical Int'l 174% 5% 13% Jan Feb'11 xl45% Jan 98 22 98 *22% Ctfs Inc___. Int'l Dec *95 *95 25 Rayon 7 Oct 160 Electrica 25 Jun 98 98 *22% Industria Jan x34% 79 24 Indianapolis Power & Light—No par Industrial 28% Jan Dec *78 *95 9% 10 Feb 26% 79% 1000 27 % Feb 156 125% 25% *78% *78% 9% 4%% 34% 23 % 79% 80 27% Intercontinental 33% 25% *78 A 1,300 34 34 25 25 % 80 .—No par *33% 33% 33% 24% *77 93/8 25 33/4 May 163/a May 33% 25% 81 27% Insuranshares 3 24 26% *78 Inspiration Consol Copper Jan 103 series Inland Steel Co . 33% 33% 33% 25 A„100 —100 ser 5 Ingersoll-Rand 6% preferred Feb 8 common_100 pfd Co 3 15% 155 Co 4% ctfs Power 8 3 Jun lines stock 11 36% Jan Jun RR Jan 155 Nov 160 Leased *33% 20 RR conv Jan 67 11 47% Feb Co non-cum 41% Jan 17 Jan 34% Mar 150 Power 6% *95 47 46% *95 96% 45% 47 % 11,700 46% 97 % *96 96% 100 143 143 144% * „■ 5% 65 Dec 52% 1: Jan 39% Nov 43 Mar 30 Mar 107% 64 Jan 45 41 Mar Jan 27 Jan 13 International Silver common.*. Nov 16 % Jun 8% Jan 3 10% Jan 28 8% Nov 16% Jun 8% Jan 3 10% Jan 26% May 19% Jan 4 20% Jan 20 22 3/s Mar 35% 24 3 29 Feb 1 29 Nov 137% Jan 4 Jun 393/4 May 145 May Dec 10 Dec 23 % Dec 92% 39% Feb 48 89% Oct 99 33% Sep 190% Feb 3% Feb $6 8 Jacobs 5% Jan 5 9 18% Jan 24 Jan 83% Jan 13 May 44 Jan 24 46% Jan 6 May 95% Jan 17 >97% Jan 24 36% 42% Jun Feb 11 40% Jan 7 113% Jun 108 Jan 27 110 '/a Jan -31% Jan 28 36 Jan '7 1021% Jan 3 103 Jan ,11 Feb 35 Oct 106 'May Jan 158 Oct 3 29% Jan 33 % Jan 7 33% Feb 93% Apr 83% Feb 1 86 Jan 3 30% 43% Jun 36 Feb 7 39% Jan 7 May 11 Feb 10 Nov L) 33/4% 41% 8% 9 41 "A 42 * 53 51 % 34 *32% 415/8 52 34 6% 70% 70% *56% 58% *56% 41% 41% 50 49% 50 *50 53 34 *32% 34 *32% 34 Co Inc 4% 3% 15 ■ 9'/a 9% 9 9 9 9 9% 93/8 19% *19 3!, 20% *26% 27 ' 27 preferred 28 *143 *82 Corp com preferred-: 3% 84 .*45 46 No par 100 *96% •; stamped 100 Laughlin Steel com__No par 5 % preferred series A 100 33 *102% *153 Jones & Co 3734 *108% 96% 37% *108% 33 32% 104 *102% 160 30% 83% 37 11% ■ 45% 38% 29% 1 4 15 *82 97 111 11% 28% 148 *14% 4 15 % pfd—100 —100 Manufacturing 29% *153 ° 84 45% 96% 38% 111 32% 104 160 .27% *143 4 28% 28 *143 148 , 4 *14% 4 ;>82 84 84 46 46 45% 45 % ,.4534 45% 96% 96% 96% 96% *96% 97% 37% *107% *31 *102'A *153 ;• ." . 37% 37% 100 110 31% 313/4 373/4 37% 33 104 *102% 160 160 84 y4 8 4'A 36% 30%; *84 36y4 /- : *45 96% 36% 109% 32 104 *153 *1083/8 . 32 32 102% 102%, 102y2 *153 30% *153 160 29% 84% 84 84 ;• 36% 36 29% 301/4 36 y2 /..> ' 83 37% 109% 109 900 19 'A 100 27 1,800 283/4 148 *14% 15 *82% 36 36 28% *143 4 14% 82 36% 84 37% 4 1,500 19'A 29% 14% 84% 84% 4%' 9'A *26% 148 82 30'/a 30 3/8 29 *143 15 *14% 29% 293A 4 ' — 58,300 ' 9 S/8 28% 148 ; 9%' 9 19% 27 ' 1,300 9 9% 9 No par com 9% 8% 19 % 1 9% 9% *26% No par ,41% 8% 27 i 41% 9% 149% 240 300 1,700 41% *32% 20 *28% 41% x50 1934 *146 1,700 I 71 58 34 *26% 1 6% *70 y2 *56 53 27 50c 6% 7 70% 57 41% 20 A 63/4 70% ■*.' 57 58% 53 27 common 6% 71 41% *32% 20 common—_12% •4%- 2nd preferred series A_,—100- ' 58% 52 Johnson & Johnson Joy 58 7% 70% No par Johns Manville 3%% 59 7% No par* Jersey Cent Pwr & Lt Jewel Tea Co 70 *33 Joliet & Chicago RR Jun 39% Stores preferred (F 69 25 No par Jaeger Machine Co— 12 Dec ctfs Island Creek Coal 2 3 share Dept Intertype Corp 21 Jan # —No par 69% 25 Interstate Jan 32 14% Feb 20 3/4 29% Mar 6 Foreign 148 "■ * Feb 8 ' Jan 146 81 Jun 99 •145 27% Feb May 5/a 18 7&% Jan Shoe preferred 7% *56 International Telep & Teleg—No par 31 17% Mar , 7% Jan 27 6% 6% *68 -No par Jan •8 3/4 „ Salt- International 34 4 6% preferredL^/-Ui%i^j4-^,--100 57% 10 Jan 32 5% 44 3 493/4 Feb 653/4 July 35 Jan Int'l Rys of Cent Amer>com—No par 3.800 4 500 14% 83% 100 46 600 9OV2 100 37'A 11,400 111 300 32 1,300 190 102% 160 12,300 30 250 84% ! 84% > A: 36Va 5,800 37 K " 11% Dec 21 12% Jan / 8 Kalamazoo Stove & Furniture Kansas ; x89 .Nov 98 May 94% Jan 12 993/4 Feb ,9 98 % Dec 101% Dec 100% Feb 11 102 23% Feb 48% Oct 34% Feb 11 40% Jan "21 "56 Jan 24 48% Mar 60 % Jun 52 Jan 13% Dec 18 May Feb 26% July 22% July 19% Feb .3 1334 Feb 20% 15% For Dfec footnote# see page 14% Feb 24. Jan 14 ■ 3.80% 4% 100 preferred-: 100 City Southern com__No par non-cum ' 14% Jan 7 Kayser 8 21% Jan 8 Kelsey Hayes Wheel 7 17% Jan 7 Class (Julius) preferred 1 . 10 B & *11%% *11 11 11% *10% 11 11% 113/a 99 *98 3/4 99% 9934 993/4 X98 % 98% 102 *101% 102% *101% 102% 5-100% 101% 36 35% 35% 11% 500 11 Lt Co— preferred' cum Kansas "4%. City Rower & Co conv 100 5 class A_1 1 *98% ^ 99% *101% 35 *55% 102 36 % >55% 14 14 20% 20% 15% 15% 99 *101% 35 55% *13% 20 14% 55 Va *54 36% 35% 55 *54 36% 100% •' 34% 35'A 54 55 V 14 14 19% 19% 14% 14 % 7 14 *19% *14% ' 14 20% 15 V *1334 •*19% 14% 14 20% 14% ' 1 / 310 98% 100% 54 V4 13% 13% 1 14 20% 15 y2 36 *54% 55 98% 10 -* . 8,80) ' 500 600 *1914 ' 2oy8 400 15 y4 1,600 *15 Volume 169 Number 4777 THE COMMERCIAL NEW Range for Previous 42% 60% Nov Dec 1 19 Feb 92 Oct * 11% v share, 46% Feb NEW Highest 11 56% Jan 8 46% Jan 39% Feb 4 12 7, k. 13% Jan 7 22% Jan 11 97% Jan 11 104% JUjy 93 Va Jan 5 v 4 'Vf';i2% Jan x63% Feb, 8 29% Jan ' 3 66 V4 Feb 4 31% Jan 7 144/2 Jun 75 Jan 37% Oct 1^%. Jan.' 95 % JUly J,un ; Feb:: ■ ! 24:< Jah 5 98 ■;,Jan 26 36%, Jan 7 38% Jan 20 49 % Feb 11 55% Jan 20 3 48% Jan 25 91 39% STOCK !-/" Kennecott Copper Feb 40% NOV 58 '/a' X 49 July Oct 43 Jan 4% 6% May 1 •> Dec Dec 42 257/a Mar 17% Jan Jan 21 20% Jan 11% Jan 26 44% Jan 37 Jan 26% Jan 19 20% Feb 40% Feb 7 May Dec 26% May 90 Dec 99 Jun 10 Feb 13% May 30% Mar 8% Feb 10. 22% Jan 90% Jan 20 92 10%. Feb Dec 39 4 V2 Mar 24 8 37 46% 48% 47'A 48 47% 48% 46% 39% 40'A 41 41% 41% ■>12 12 % 12 12 11% 11% Kimberly-Clark 11% *11% No par 20% 20'/a 11% 19% 20 % 19% 4% Corp com 2nd nreferred conv Kinney • vjt K; Co common $5 prior preferred— Koppers Co Inc common * a, prexerred —v„ Kresge (S S) Co Kress (S H) & Co Laclede La Gas Co Lane-Wells 31 40% Jan 24 11 5% Jan 7 11 11 8 8% Jan 12 50c 41% Feb 56 May 42% Feb 8 47% Jan 22 Lehman 8% Dec 12 May 8% Jan 3 10 20 Jan 8 24% Jan 12 3 Jan $3 —! 26% Jun 56% Jun Nov 10% 31% Mar 20% Jan 3 23 Jah 24 44% Jan 4 50 Feb Nov Jan 38% Oct 8 Jan x84 Feb 11 91 Mar Apr Jan 34 % Jan Nov 7 35% Feb 3 10 88% Jan 22 Feb 11 174% Jan 25 36 Feb 11 40% Jan 25 May 13% 8% Jan 171 174% Mar 47 4 1 Jun Sons Co *43 % 24% *40'A 20'A *20'A 20% 94 *92% 94 *-. f r 21 4% X 1 , 63% Jan 5 67% Jan 21 Lone Star Cement 30% July Corp No par 19% Feb 7 23 Jan 20 Long Bell Lumber iMdi 21% 19% Jan 3 20% Jan 20 Lorillard 20 Feb 91 Dec 35% May 98% July 17 Nov 24% 8 24 Jan 24 21% Feb 95 Jan 14 96 Jan 10 16% Feb Jan 8 20 Jan 26 1 41%% 37% *36 8% 20 24 1,400 40% 203/e *19% *92Va (M) 46% 94 series 10 3A 3,800 37% 38 371/2 373A 2,600 4% 43/4 9 ; 5,500 7% 7 7/8 42 % 43 2,300 8% 9 1,400 41/2 21/4 22 43 9 -jg 2,900 2 »/4 21% 43% 7% 4% 2 Va 21% 7% 2% 21% 7% 9 21 21% 2lV 21% 2,100 46 463/4 46 % 47 3,800 8 8 8 Va 35% 35 35 Va *351/4 36 87 85% 85%, x84 84% 14% *75 . 41% 14% 41% 41 41% 14% 14% 78 *73Va 17 16% 14% 14 % 14% 14%' 14% 14% 14% 14% 14% 63% 64Va 63% 64 65 65% 64 643/4 20'% 19% 20% 19% 20 19% 19% 20, 20% 20'% 20 201/4 20 20 20% 20 Va 20 Va 156 *155 156 16% 16% *154% 156% 24'% 24'% 24% 24% 24% 38'% 371/4 38'A 37% 38 com—1 21'% 16% 24% 38'% 22'% 21% 96'% 17 156 *95 17 . 16% 21% 21% 156 156 3,900 14% 13,500 641/4 64'A 1,700 20 20 20 1,800 20% 20 20'A 2,900 1541% 154% *154% 24% *24'/a 241/2 *241/8 37% 37 Vb 37V4 213/4 221/4 22 22% 95 95 17% 18% 2,000 • 143/a 37% 16% 7,900 78 16% *241/4 21% 16% 17 16% 16% 96 Va *95 96% Va 1,600 15 413/4 64 16% 10,300 *14% 14% 16% 700 8% 593A *74 20 16% 36 81/2 15% *74 3,100 X 320 593/4 V 61% 41% 1,200 79 15% 79 7,400 172 36 83/4 *60 8 Va 171 38 8% 9% 62 8 173 *36'/4 37 , 61 403/4 14% *74 *172 173' 8% 62 40 14% 76 861 83A 62 41% 8 64 *95 800 46%. i, 100 1,000 47 *35 ^..50 A - ~ 10% 16Vb Lukeng: Steel Co 600 103/4 21% 8VB 8% 62 " 40% 14% 76 8 No par & Sons Inc 900 20 94 10 Nashville .44 21%' 21% 46 3A 8% 8% 62 42% 14% 44 24 • common Gas & Elec Co (Ky) pfd 21% 8% 173 62'% *75 300 40% .100 Co preferred' Lowenstein 8 173% 42 100 No par & 8.'/a 3% A_._No par 1% 47 61% r No par com preferred Inc Lousville 22 46% 37 10'A 10% 43% 37 Lockheed Aircraft Corp. Louisville 21% 47'% 173 ; 1,600 XIO'A , -21% 39 Loew's 3 9 *36 7 11 9 Va 20% 2% 43 9 100 19 • 24% *92V2 4% .7% 39 7 31 42% 9V4 8 No par 15% Jan Feb 7 5/b 423A 44 47 5 —No par 3 41% Jan 7% 7% 6 *18 41 24 *40% 22% "172 14 % Jan 24% Jan 18,900 53A *5 3/4 6 37% 4% 173 16% Feb 156 53A 6 10% *22' 173 20% May 68% Jun 4 3,600 44 '2% 2 3/a 22% 173 Dec 11 43A 2'A 22% 86 par Corp Liquid Carbonic Corp ' * 21% 45/b 2% 22 %r 35 14% 28 4% 21/4 22% 86 7 Feb 2% 23% 35 27 Jan 4% 4% *2% *22'% 86% Jan 37 3,400 *43% 20% 37% 35 18% Jan 23% Jan 37 Va 841/4 Jan 153 373/B 35 17 Jun 37% 85 78 Nov 37% 35 7 May 37% 84% 5 50 3.100 36% 10% 94 *92'% 10% 35 %' 4 25 103/4 . 14% Feb 158 10% t 75% Feb Dec 10% 5 25 Jan Nov 36% 51 Va 45Va *10 % 41 20% 10% >' Jun 37 20% *92 10% 37'% t Jun 23 94 7 Co_J (P) 250 18% 18 243i 10% No par 23% Sep 21 *92 ; _No par 24% Feb 6,000 44 44 *43%, 24% 85 Nov 44 40'A Jan 18 97 49% 10% *10% 24 3A Dec 138 *43 Va -*5% 19 19 40'A Dec Feb 80 293/4 97 52% 5% 6'/8 *5% 24% 13% Nov 29% c 443/8 44 5%. 5% '/a 40% 1 Co conv 6 24'/a 15% 57% 44 5% 40 100 Lima-Hamilton 5% *5% 241/2 68 % Xl8 X51% 40% 50 preferred 3'%% 53 % 45 *39 preferred—No par 2nd pfd No par" Lily Tulip Cup Corp.,.—No Oil 363/4 53 J/4 45 *24 3 com Liggett & Myers Tobacco com! Eelt 36% 53% 1 1st • Lion 36% 37 45 *43% '* Link 7 97% 363/4 5 — Stores Corp.. i Libbey Owens Ford Glass Libby McNeill & Libby Life Savers Corp— 10 30 % 97% 53 44 50 £ Tire Lerner 22 363/4 5% 9% 10% Jan 29% 971/a 44% 10% 9% 46% Jan 30 % 30 100 ':X ' 10% *9% '-i* '' 66% Jan 30 *97 10% 5 7 97 10% *10% Lehn & Fink Products 11 Feb 29% 96 <Y 11 No par 43% 8% Feb 29% 19 44'% 59% Feb 64 19 44'% 40 Jun I23/8 *62% 5% 5% 7% 55% *12 64 37% 5% gi/4 70% May 12% *62% 19% 5% "—*7% 28% *12 64 54 J/4 1 7% 12 *62 Va ■'46X.X (The) 55 % Mar Feb 36% 53% 44% 1,500 1,900 !X X, 97 *12 19 Corp *96 97 . 12% 6Vb non-cum 20 633/4 19% & 19% 4,100 12 12% 51/2 Co 12 X633A #5% ^ Dec 37% 54 23,600 40 3A 19% *96 Shares 47Ve 12 " 47 46 97 J/a *96 191/4 non-cum '-?• Feb 37 ""53 % . 97% 46% X40 ' Co Lehigh Valley RR_„, Lehigh Valley Coal com 2 Va Feb 8% 96 Va - 4 & (James) 7% Feb 33 .30'/a 95% : 3.85% cumulative preferred—_100 Lehigh Coal & Navigation Co 10 Lehigh Portland Cement 25 21% Feb 82 29 Va 96 Lees 4% July 157 30% 6 26% July. 10% May " 65 96 *96 12% *64 2 Jan 16% "*12 66 10 Jan 43% 13 65 6% Rubber 97% 30 —10 Bryant common 41/2% preferred Lee 20% 97% *12.XX X. 20 Vb pfd—75 Pesos Mex (The) _No par Consolid 19% Mar k7/8 1 20 % 97% 10 .—No par No par .. Light 20 % *96 No par —100 , Kroger Co (The) V _100 the Week f per share 42'/4 No par Sales for Feb, 11 473/4 40% Feb Jan Friday Feb. 10 I per share $ per share 40 Vb 11% Jan 4% Feb Jun 1 per share 49 % 24 47 Aug Mar Jan Jan t per share Thursday Feb. 9 • 41 c 19' PRICES Wednesday 40 Lane 10 8ALK 47 Va Lambert 43 HIGH Feb. 8 5 County 21 53% May 29% May 21% 1% 6 2 . 14 % May Oct 35 6'/b Feb ■."•'5 ,;k. 24 9% Mar 4% Jan AND Tuesday Feb. 7 •• Land Co Keystone Steel & Wire Co Kern , Feb •*Monday % $ per share No par , L 4% 17 Par (715) RECORD LOW Saturday , CHRONICLE v.- X.x;;Xv/xv'XFeb. r> , '/ 45% STOCK ?v. ; 13. 8 19% Feb Feb YORK -tper share1 11% Feb ; YORK v/xexchange Oct Nov 89 per +';} May 24 Dec 32. if Apr 16% t Mar 63 294/4 Lowest Oct X 51 12 % Range Since Jan. 1 Xv/X' I per share Feb 40 Va : Highest I per share FINANCIAL STOCKS Year 1948 Lowest & *93 '/a 19 400 371/4 3,000 21% *93 Va ' 80 24% 21%, 95 I8V4 156 37 3,200 95 30 18%! 18% 2,300 M x351/4 Dec 40 Jan 33 Feb 10 129 Oct 142 Feb 13 % Feb 11 Jun 131 Jan 10 3OV4 Feb 11 133/B Dec 27% 30% Mar 39% May 36% Jan 137 3 Feb 4 15% Jan 333/8 Jan » 10 6 943/b Dec 103% Jun 95% Jan 99 Feb 7 10 . Nov 153/a Apr 10'A Jan 3 13 Jan 22 Feb 24 '/B 10 % Feb 11 20 X163/b Feb 6% / ?1 Dec Poo 9% 49° 52* Ann Nov 7 15% 5% Feb 15 Dec 91/4 11% 18 Feb xl65 6% Jan 13 6% Jan 6 17'A Jan 20 16 Vb Jan Sep 7 5 9'A Feb, Jan 693/4 July Jan 7 102V2 Feb 9 Manhattan Maracaibo Market St 7 Martin 7 57% Jan 7 Masonite 19% Jan 7 Master 4 42 Feb 2 Mathieson 171 Jan 22 Jan 22 5 401/2 Jan 25 7% Jun 89 Jan 4 93'A Feb 1 93 Jun 89 Jan 11 93 Vb Feb 5 77% Aug 85 Jan 81.% Feb 7 83% Jan 7 $3.40 83/4 Dec 12% May 8'/2 Feb 9% Jan 7 Maytag 35V2 Jan 11 33 Dec Apr 21 Dec 43% Jan 32% Feb Jan 112 110 4 5 111 Jan 5 20%'Feb 41% Jan Jan 21 25 Jan 10 $3.75 $3 1st McCall 30% 303/4 30j/4 99 Va *98 3/a 99Va *11% 11% *10 3/a 113A ;■ 17% 17% 17% 17% 17% 16% *480 15% 530 15% *470 15% 100 163/4 2,400 15% • 14% 15% *470 520 *470 15% 143/4 520 • *450 11,500 " 500 ■■ ' ' 8% >7% 17% 17% 17% 15% 520 17% 7% 7 8 17% 7 *7% 17% 6% < 8 17% 6% 17% 6% 8 *7V4 *17, : 6% 8 *71/4 *17 1,600 < 17% 400 6% 7Va 6 V2 6% 6% 6 V2 61/4 63/a 6V4 6V2 5,300 19% 19% 19% 19% Xl9 % 19% 19% 19% 19 Vt 19'A 19% 19 3/a 6% 6% 6% 1,000 7 7 6% 6% 6% 6% 6 3/4 6% 6% 6% 17'% ? 17'% 17Va 17% 17 Va 17% 17% 17 17Va *16% 22% 21% 22'/a 21% 21% 21% 22 21% 21% 213/4 102'% *101% IO2V2 *101% 102% 102% eiOl'% 100 9'% 12 - 15% . 9% 9% 12 50'% :_1 11% 50% y 78 9% 12 50% 50 *17 102% 9% 9% *11 Va 11% 50 50 9% 11% *11 *102% 93/8 9% 3,000 lO'/a 10% 1,800 *49V8 50 48% 48% 473A 48 15% 16 15% 16 15% 16 15 153/4 40 40% 41 42 41 42 40% 40 3A *170 173 *170 173 40 39% 40 Va 39% 39% 38% 40 393/4 93 Va 92'% 93'% 93'% 92% 92% 92% 92% *92% 93% 92% *91% 92% *91% 93 *91% 93 82% 81% 82'% 82 *80% 82 hX *170 *170 173 No par 9 No par *32% preference——No par No par 110% 110% *110% 110% 21% 21% 21% 21% — 100 93/4 11% 16Va 40 *82 3,070 103 41% 5 41'% 173 7,700 3,400 15% *170 No per *1021/2 63A 17 213/4 40 15% 100 _No par 1947 series—No par 103 9V» x 11 41 common— 17% 22 100 No par pfd Corp 17 2,600 . ' 15Va 16 530 *7% 1 common. cum 9,700 30% *98% 12 V2 8% No par preferred $6 30% 99 '/a *7% Co pfd cum Co 30% *98% 7Va No par Chemical cum 300 XX 13% *11 Va 7% Co May Dept Stores $3.75 preferred 93 Feb 33% 140 13 Va 12% 7 Va No par Corp preferred—— 84 110 pfd com Corp Electric 841/4 Mar 11' L) *321/4 *135 13% 99'/a 7'% 1 Martin-Parry Corp (Glenn 33 140 13V4 6.25 _i 11 'A Jan 31% 33 *135 13% 5 prior Co 13% Jan 11 31 34% 140 13% *11 Va 7'% Corp 6% & *33V4 *135 13%. *98% ; Sfr 5 7 11 *480 100 1 preferred Feb 383/a Jan Apr Ry Field 41/4% 50 Shirt Midland Marshall 15 % 1 Co 32 *98% 13% No par Marine 15 171 (The): RR Co Oil Exploration Corp Marathon 37% Jan Jan 473/4 24 19 47% Feb Oct 176 35% Mar ; 17% 11 10'A Feb 27%, May 45 5 21% Feb 95% Jan Jun not" Nov xl7 % 32 100 Bros May 193/4 •" 18 Mandel 7 17 3/a Dec 27V4 18 12 29% May Dec Copper 1™JX———^10 Magma 8% Jan 10 99 11% 3 8% Jan 31% *11 Vb 71/4 Jan 173/4 Jan 311/4 99 12 Co 211/2 Jan 34 140 13% *11 Coal 10 34 *135 13% No par Sugar 10 35 140 14'% No par Magna vox 25 35 *135 13 % com Manati 6'A Feb 103 V2 Feb Co Inc Mahoninsr 16'% Jan 36 140 5 series A— Square Garden 20 19 '/a Jan *35 *135 ■ 100 pfd 1? Jan Nov 47% (R H) 41%% Madison Jon 50" Jun 8 Dec Macy 7% Jan 10 14% Feb 22% 3 10 com Inc 10 .T-r 26 Dec 92% 193A Jan Trucks 6% Feb 500 25 V4 May 18% Mar 6% 10 10 Forbes preferred Mack Jun 133/8 Dec 14.3/4 Feb Jan 6% & Sep 10 3/4 Dec 6 MacAndrews 9 X ,9 33 33 82 9 9'/4, 33 173 9 *32% 110% *32% *110 110% *21 21% 91% *80% 9'/a 9 33: . 33 111% 21% 21% 9 *32% *110 *21% *170 •40 173 1,200 5,000 7,800 Lii-i ' *38% 39Va 92% *91 92% 130 91% X92% 92% 230 82 *791% 81% 9% 8 Va 33 *32'/a 111% *110 213/4 20% 3,700 10 • 8% 2,100 33 100 111% 40 21% 800 ' .".V/*V ' Range for Previous STOCKS Year 1948 Range Since Jan. 1 Lowest Highest Lowest Highest I per share t per share .,25 I per share Jan 31 4 96 Jan 31 29 36 Jan 7 McGraw 25 V4 Jan 261/2 Jan 7 McGraw-Hill 41% Jan 31 33 3 3; 41 Dec May 52% May 29% Dec 35 % May 30V4 Jan 4 87 Jan 98% 93% Jan 12 Jun .3 18% Feb 24% Jun 19% Feb 15% Dec 24% Jan 48 23% May 11 17 J/8 Jan 3 19 8 Dec 46 % May 32 V4 Jan Dec 25 20 % Jan Dec 47 Dec 19% May 62 Va May 12% Jan 18% Jun 4 34 Feb , 11 Jan 12 3 13% Jan 49 13% Jan ■viT; .Tun Jan 21% Feb .3 11V4 Jan V,.'. 3; '■ 45 8 Jan 22 14% Jan 20 3 8% Jan 20 3 61 % Feb Jan 3 92'% Jan 19 21% Feb 8 23% Jan 20 8% Nov 50% May 8V» Jan 44% Feb 56% Jan 85% Nov 63% July 95% Jun' 17% Feb 27% Jun 44% 90 > 96 95 95 95% 95% *95'/a *33 34 *33 34 34 34Va 34% 34% 34 34 700 26 26 *25V2 26 26 26 26 26 26 26 25% 25% 600 46 46% 45 46 46 46 46 46>/2 33 33 323/a 32% 32 5/8 32% 33 33 331/4 331/4 97 96 96 *96 97 961/4 96V4 20 20 20 193A 19% 17 *16'A Publishing Porcupine Mines 2 2nd pfd Shoe Mengel Co 5% conv Mercantile Merch Merck & $3.50 Co Inc 26 Mesta 23 Metropolitan 106% Jan 128 Dec 140 Nov 16 May 9Va Mar 42VB Nov 87 Nov 54% Mar Oct 98% 10% Mar 109 Prod 9% Feb 12 Jan 12 ADr 43% Feb 10 47 Jan 6 98 24 25 Oct Jun 5 21 72 Feb 11 4 105 Jan 13 104 > 18% July 73% Jan 12% Jan 66% Jan May Jun 139 87% Jan May 78 130 . Jan 89% Feb 11 14% Jan 15 123% Jan 17 $6.50 11 54% Jan 6 Mission 9% July 4 % Feb 11 6 34 July 17% Feb 10 x33V» Dec 44 Jan 29% Feb 8 35 9 Feb 15VB Jun 10 7 22% Dec Kor 29% July footnotes see uaae Feb 21V4 Jan 24 4 Jan 7 23% Jan . 7 Jan 20 11% Jan 8 23% Feb 3 Minn Moline 75 *30 34 12 11% 11S/8 113/a 11% 11% 11% 11% 11% 11% *45 49 47 47 47 47 45 45 14 13% 133/4 8% 100 12 8% *45 133/4 133/4 *8% 83A 60 21% *109 *45 47 13% 13% 13% *13% *8% 8 3/4 8% 8% 593/4 8'/a 59% *91 94 *37 48 Va 13% ' 60 Va *91 X 100 —5 10 21% 21% 37% 37 *99 V* 100 *109 1093/4 13 13 123A 40 Va 41 44 44% *137 1383A 60% 94 591/4 *91 213A 211/4 37 36 993A 99% 1093/4 *109 21'A *21'A *99i/4 *109 1093/4 8% *13% *8% 8% 60 60 60 60 94 *91 94 —/~r, 1,700 1,300 150 1,000 500 60 *91 22 36 36 36% 100 14 * 94 59 3A *91 94 X _ Impl 100 1093/4 21'A 35 Va 100 *109 211/4 21% 35% *35% 100 100 *109 1093/4 44 137% *137 137% 123/4 • 123/4 12% 123/4 12 Va 40% 413A 40 Va 4134 x40'/a 45 44 44% *44 1383A Inc 1383/4 *137 11% 113/4 11% 111/2 11% 113/8 9% 10 9% 93/4 9% 10% 9% 9 3/4 45 45 44% 45 89 89% 89% 89% *88 69 70 69% 70 104'A 104'A com 1 12% *104'A 133/b 12% X 115'A 113'A 104% 12% 115 *44 1041/4 12% 113 43'A _No par 433/4 43V2 44'A 431/2 4% 43A 4% 4% 4% 104'A 44 43A 71 121/4 X; 113 451/2 891/2 *103% 121/2 114 X- 70 104V2 12% V 113 44 4% 43% *88 71 104% 12 _ 45% 89% 71 104% 123/s 111% 112 44% 43% 44 43A 4% 4% Tool— 100 183/a 19 18 19 18Va 183/4 18'/a 19 *31% 33 31'A 31'A 293/4 30 29% 30% *10 103A 10 10 1/8 10 10 10 10 *10 22% *22% 23% 22% 22Va *22 22% 1.25 _No par 22% 22% *22 43 138 12 69'A *87 138 11% 20 Mills— Machine 41% 44 89 100 *115 Co 12% 40% 441/2 69'A A_ . _ Mohawk- Carpet ::X./ 12% 3/4 40 44 _No par _ Power 3 12 13' XX* 40 Va No par com. series preferred Monarch 153/a 75 12 100 Regul _ Hosiery 15V2 76 211/4 _No par com Corp Mo-Kan-Texas RR com__. 7% preferred series A Mojud 153/4 75 21 100 Marie Mfg preferred 10 Feb 15% 34 443/4 11% Feb 42% 600 3,100 16 21% 443/4 $4 16 'A 30 % No par _ pfd & 16'A 21'A 10% SS conv 17 21% 10V4 Min 1,100 34 _No par 3.20% 200 193/4 *30% Minn Minn-Honeywell Minn 2,300 19 Va *21 '/8 11% 111% Feb Feb 13% 7 2,700 33% 211/4 .No par & 48 34 pfd_100 preferred P 140 96% 21'A Minneap & St Louis Ry St 33'A 211/4 1 __ Steel 1st 47V2 *96 1,000 2,400 v'c. •• ■ ——~ 213A 2,500 35% 600 100 490 1093/4 " Copper 8% 48 31% 97 21% 32% Petroleum Midland 8 121 Va Feb Mid-Continent 4 Feb 7 Feb 4 Miami 7 46 11 Nov 42% 8 47% Jan *95Va ,_1 series 5 *30 31% 97 77 15% 77 34 46% 31% *76 16 *76 31% 21'A 5 3 Jan Jan 105 % *30 *16% 16'A ;X77\v 32 32 50 3.90 % 14% Jan July 14 34 16 313/4 21'A No par Scott 11 11V4 Feb 56% *30 Co preferred I6V4 153/4 15% Inc„ 40 Vb Feb Jun il 4.35% & 16% 77 No par Edison 16% 16 1 Co 41 Dec 51% Machine *193/4 77 common Merritt-Chapman 381/2 Jan 100% Jan 31% 193/4 50 preferred 4 16% 32 193/4 16 preferred Co 16% *96 *75 common— Transp 20'A ' _100 —. Stores Min & 97 *193A 951/2 No par (2nd series) (The) *951/4 10 Co Corp 1st 3 4 Mfg Corp common 4%% pfd (1st. series) Melville • l Co Norris , _18 com No par McLellan-Stores 10 Mar No par 5 preferred 35 % Feb Feb 38% 35 com McKesson & Robbins Inc 4% 31'A 32 34% Mclntyre $4 1 for Shares 97' 97 Va Jan 109 % Feb Corp Sales the Week 1 per share *31% Jun 12 % Feb Feb. 11 f per share *95Va 106% 19% May 69% May Friday Feb. 10 1 per share *33% 104% May Feb 13 Thursday Feb.!) $ per share :_1 Nov Dec Wednesday Feb. 8 S per share v V, PRICES 100 Nov 92 101% Feb. 7 1 per share HIGH SALE preferred conv Mead 15 13 11% Feb. 5 ' AND Tuesday Electric Co_— 3%7o McQuay 17% Jan 10 . McCrory Stores 24 82 Feb 31% Dec 21% Jan 10 75 20% 35% Jan 15% Feb ■,'T Jun 96% Feb 33% Feb 97 I6V4 Feb >X8.:: 1 • ' Monday ' Jan 90 Saturday Par 33% Jan 42% Dec < EXCHANGE 30% Jan 101% Nov 23% Mar LOW STOCK tper share Jan Jan 29 15 YORK 36% May Jun Feb 88 80 % Mar NEW - *137 * 12% 5,100 40 3A. 7,900 43 138'A 1,900 20 12 2,500 9% 10% 3,500 44'A 44% 11% *88 71 104'% ll7/a .112 89% 72 104% 12 112 1,300 60 2,600 580 6,400 490 42% 43% 5,000 4Vi 43/8 8,600 17 Va 18% 17% 17,300 30% 30'A 293A 293/4 1,100 10% "10 Vb "10 'A 17'A 22 22 700 300 20 (716) THE COMMERCIAL NEW Range for Previous 45V4 I per Nov 122 10 20 1 10 4 10% Jan 22 May 52 56% Jan 7 Jan 3 10% Jan 3 27 Jan 21% Jan 31 23 Jan 16% Feb 11 20% Jan ; 29 '% May 24 13% Nov ; 31 11' 25 % Jan 5 19% Jan 10 17'% Jan Morrell 8 15 16% Dec Oct 14% 12% Feb Oct 14% Jan 7 Motor Jan 3 39% Feb 10 Jan 42% Jan 110% Jan 17 Jan 11% Feb 11 13% Jan 6 Jun 34 Feb 8 34% Jan 13 55% Jan 50 Jan 31 14% Mar 21% Jun 123/b Feb 20 : Feb 32 % Sep 23% Jan Dec 29 Jan 19 Jun 12% Sep 17 34 Dec 43 Dec 110 11 51 Co_„ Jan "18 >• 4% Sep 8% Feb 9% i 29 i lOVi May 13 7a July 11 15% Jan 28 4% 7 13 Corp— Corp Brass Jan 5 • - 207a Jan 3 Jan 3 7 Peo 11 17 7a Mar 107a Jan 3 12 Jan 8 37 Jan 26% Feb 32 V2 Oct 162% Oct 175 7b Jun 5 % Nov 32 a/» Dec 48 Jun Feb 9 78 May Feb 307a Jan T 171 93/4 May 11% Jan National Airlines its. Automotive Battery (12% 5 *10 672 Jan 8 Jan 3 National 6% Jan 3 Jan x73/4 Feb 11 Aug xlO% Feb 8 12 Jan 32 Jun 277a Feb 10 29 Jan 6 May 13% Feb 11 22 74 May 177a Feb 7 .24% Mar 14% Dec 17% Nov Co National 6 National Container National Cylinder 24 12% Dec 14 V2 Dec 15 Sep 20 7e Jun 85 Oct 9672 May 93 38 29% 162 Jan 1 5 78 50 14 Inc „• 10, > lo7% 3472 347a 3272 323/4 10 3 13% Feb 1672 Jan 7 National 94% Feb 2 7 337a Jan 21 $4.50 conv preferred National Lead Co common New common *176 6 5% 6% ' 634 " 8 1 22 Jfan 4 23% Jan 28 July 153/a Feb 11 19 Jan 7 Jan 8372 Jan 4 86 Jan 24 16% Nov 25 y4 80% Nov 94 Nov 10% Dec 303/8 May 15 7a May 9% Nov 127b 9 Nov 12% 19 74 217a Jan 4 24 Feb 1 10% Jan 3 11 % Jan 31 Natl 97a Jan 4 11 11 Natomas Jan 137a Jan Jan Jan 9 72 Jan Nov 19 May 104 Jan 27% 27% 27% 14 'A 13% 13% 1,300 17% 173/4 177a 17% 21,000 13% 35 31 May Feb 98 % Jan 93 »/2 Jan 8 Nov 12 3/a Jan 3072 303/4 „ 12% 99 64 Dec Neisner Bros Inc 43/4% conv serial 2 Nov 90u> 343/4 Oct 433/4 Jun > New 59 y2 Jan 137a Jan 70 .t"n Feb Nov Feb Feb 11 ; 11 81 Jan 144 July 133 140 Jan Feb 7 21 223/4 17 167a 85 85% N 2374 10% 103/4 10% 10% 10% 10% *10 1072 10 13% *10272 common_No par *31'% 31% *97 98% 9 *131/2 _100 Elec System 974 20 *96 97% *5172 53% 11% 113/4 Air 71 _100 Brake No par Central & St Co > 22 7 Preferred 90 3 Jan 14 $3.75 Elec Range Since 9 per share 20 Dec 13% Dec 23 t Dec v*r 25% share Jun I per share 19 » Jen. 1 10 21 Jan 11 14 Jan 27 Jan 13 10 Feb 62% Nov 56 Feb 11 591% Jan Aug 28'% Jan 26'% Feb 10 28'% Jan 17% Jun 15% Jan 3 17'% Feb 5 133% May 97a Feb 5 11'% Jan Noblltt-Sparks 7 93 943/4 943% 16% 16 16% —100 ' 16% *88% * 230 Jun 81 Jan 11 84 '% Feb Feb 36'% Jun 31 Jan 14 32'% Jan Dec 273% Jun 143% Feb 11 17% Jan 7 78 Aug Par American American Ry :_25 25 com Northern Central Natural Pacific Ry Co Gas - 225 52 30% 95 95'% 95'% *94'% 133'% 15% 15% *15% 16% .*•> 30 « 46 30'% 29% > 20 87a 8 >' 5,400 6,400 - 95 16 90 16 *94'% • 900 2,600 11 240 *205 31% 3.4J0 21% *45'% V 83% 48,600 133'% 103% 95-. 16'% 8 74 *19 225 30'% 57% 17'/a 9% >9% *83'% 1,200 15 : *8772 19'/a F«b.» *877a 20 89'% ♦19'% Feb. 10 9 per share* ' 19 193% 10 Y8- 10 10'% 26 25'% 25% > 56 3/a 56'% 56 Ya 57 *26'% 27'% 26a% 27'% *25% f. Shares 500 19 9% ;253% •; 18.200 10 ! for the Week I per share 19 • 10'% 25 3% Sales Feb. 11 i I 25% 800 . 56 Ya 573% 56 56'% 26'% 27'% *26 263% 700 16Ya 16% 163% 16 3% 16'% 23.500 93% 9'% 9% 9'% 9% 15,700 84'% *84'% ■ 2,700 • 16'% • 19'% 10 253% • , ' 17%" Friday Thursday ; 1 per ihare 19% 10 27'% 16% > > Wednesday. / ' share> 9 per 56 Ya >v 89'% " ' lOYa" *26'% ' 16'% 17 * 97a 9'/a 84'% 31% *83'% 84'% *83'% 85 84'% 84'% 313/a 313% 317/a 31'% 31Ya" 31'% 317%\ 31'% 32 5,200 147/a 153/a 14 Ya 15'% 15'% 153% 15 15 7% 14% 15 18.700 97a J *83'% 84% 32 31% t 1 ■ 89'% HIGH SALE PRICES Feb. 8 26 x56Ya 577a . 27'% 17'% f 10 _100 10'% *25'% •i 89% 89% .7 Tuesday 193%., *19% Ya 26'% - *26'% 50 Co Ry 10 26 1 — 19% 10% - 10 Aviation Northern *47'% : 240 30'% *87'% 9 per share share 19'% .4 Co Northern * : 107% 73 113/a 8'% . 500 10% 21'% 8'% Feb, 7 I per . 2.50 preferred North 52 *47'% *225 8'% 10% *20 16 Monday Feb. 5 ,1 Western North , 21 16'% & 21'% 95 89% *87'% 893/a Satartfag . Industries Adjustment 11 253/4 Norfolk 52 113% *19 i 230 8 8'% LOW AND STOCK Electric Corp Nopco Chemical Co 20 14% Mar Jan 95 7*9474 8 • 3.JUO 30 Corp— Noma 10 25 8 *47'% 244 *230 1353% *11% 21'% 29 72 244 135% 1174 *18 51 *47'% 137 11'/a 11'% 21'% 31 . 3 3 55 82'% Mar 51 136 136 11 200 2 b'% 28 3% . 2,400 72 *70% 1353% 136 *20'/a 900 113% x30 135'% 13674 29'% 9 per share Feb 313% 11%, 31% YORK 71'% 29'% *31'% 76'% 31 100 EXCHANGE 93% Feb Jan NEW Highest 23'% Jan '1772 July 36'% > >>> Lowest Highest 71'% x28% 31'% 75'% STOCKS Year Lowest 70% 293% 103% 87a preferred Range for Previous > 70'% 29'/a *31 11'/a 8 Gas & 1174 78 *230 pfd—100 Shipbldg Corp partic stock 1 Y State *47 7a 12 11 *4772 No par A 49 113,4 77 _50 series 49 12% 20 30 49 50 127a 71 700 5,800 97'% 50 31'% Hart RR Co_100 N Y Power & Light 3.90% N Y N Jan 5% *95 12 29'%« •;>»> 83% 97'% 11'/a N Y New 333/4 Jan 21 *95 763% N Co 97'% :•>' 99 8 3% 10% 15 & *95 31'% 31'% *97'% 8% 75 21 RR 99 8'% 11% 20 preferred - 31'% *97'% 77'/a Jan Haven • *31 8% 10% 9% Jan Harlem 71 31 75'% 245 86 500 400 13'% 104 *102% 11% 225 Jun 3,600 10 , 13'% 13% 104 99 8% v *102'% 50 29 Mar non-cum > *31 255 & 31 *97'% >>'>> 97'% >*70 29'/a Jan Y 11% 31'% Jan $5 50 11% 113% 104 79 136 100 common 53 *51 9 97'% 71 51 Dock 97'% 31 29 preferred series A 98 8% 29 Jan 88 10 1073 1,600 . 10% 103/4 1172 TOO com 31 98 9 >:'V 7i >>•;: 50 Jan *13'% 13'% 2,500 11 *10 3/4 77 No par Louis 31 98'% 97'% 31% Jun 81 *10 10% 13'% *102'% 104 31'% 29 % > 61 Jan *10 13% *102'% * Jan 1774 Jan 1074 *13'% 104 31'% ll3/a 96 *10 13% *102'% 21% 4 10'% *97 9% 13% 104 1174 9 23 74 10% *207a 157a Feb 260 23 11 10% No par 91% Jan 10,000 84'% 15% 22% 23 10% No par Oct x22 >/4 223/4 103/4 600 153/4 *84 16% 107a 530 3.500 223/4 *22 84% 22% York Jun 15% *84 . 10% City Omnibus Corp 19% 85 10% 1 preferred preferred Y Chic 6% 21 796 16% 84 23% N Y Feb 16 7a 86 103/4 New Nov 22 10% 8 86 22 23 21 ! 14% 86 10% 1474 Jan , 19% 85% 11 2274 Jan 7 19% 86% 237a 5 29 72 Feb % 20 y2 86 223/4 *22 3,400 ft ft ft *19% 86'% 10% 100 110 ft 857, 11 11 >393/4 July 16 3/4 17 17 6 20% *20 1674 *85 ■» 6% 23 11 3 167a 17% ft ft *6 30% 1 Jan 10 ft 16% 86 103/4 Feb Feb %. 30 % 30% 163/4 177a *22 20 3/4 Jan 772 Jan *17% 23 Apr Jun 3,700 173/4 23 Jun 147a 17 17% 23 23% Feb 2,500 85 74 27 6% Mar 6 20 Mar 20% 6 85 113% Mar 200 6 20 20 493/4 80 6 5% e 1672 Nopar England 474% 7 1372 Jan Feb 142 193/4 York 11 73 174 *141'/a 86% New 10% Feb July *173 % 141% ft 29 1872 July 174 141% 193/4 31 92 173% 141% 85% York Dec 174 141'/a 1°G Newport News Ship & Dry Dock__l Feb 307a 173'% 1413/4 23 No par '4,500 30'% 30'% 3074 17574 8672 New 12 % 11,600 30% 20 33 y2 Jan 12 39 8,000 13% 94 74 13% 1417a 20 Jersey Pr & Lt Co 4 % pfd__100 Newmont Mining Corp— 10 Newport Industries common 1 30% Jan 25 i9g 13% 13% *93'% 13% *173 7a h 6 17% 13'% *93 133/4 94% 13% 13% 94% 143 853/4 New 723/8 jan 27 ;• Jan 28% Jan x30 6% 1774 3072 13% 13% *93 7,900 . 175 174 *1413/4 *85% common Newberry Co (J J) 33/4% preferred , 977a Feb 49 July 31 Feb Jan 14 94'% ' " 9 3/a Jan 1174 Feb 26% May 20% 121 307a 1372 13 % 13% *93'/2 lo Co : Nehi Corp 98 13% 14% 94% 10 Fibre 27 95 Aug Feb 70 v ;>6v-> > No par Co Co 22 8 74 Jan 90 % Mar Tea Vulcanized 21 103 Feb 87 National 13% 14 100 317a Feb xlOl % Jan x27% Mar 38 13 3/a *9372 ' Cast_No par ex-dist No par Jan 11 13 '/4 Feb Feb 100 Jan 1,200 14 13 3/a l com 7,200 11 277b Steel Supply (The) Pa 2,200 7% X7% *10'% 11 17% 143/4 preferred i' 8% 3,700 14'/4 25 472% 7 67% 7% 8% 3.000 270 303/4 '31% 28 No par National •7% 8% ; :•'-• 5% 5% 53/4 313/8 300 177 17% 21 Jan 8 ■' 1,500 141/4 19% Jan 25% 5% 7'/a 77a 8% *175'% 31 11,600 277a 947a Corp_ •••' 7 8 1763/4 31'/4 V 173/4 14 72 Corp National Sugar Ref Co 7 313/8 53% 30% 32% 176% 5% . 3,100 14 74 9 Lt 5% 31% : ; 27% 16 a/4 Feb & 5% 31% 31% .177 ' 10% 32'% 1772 Jun Shares 177 97% 10% ;*31% 14% *9372 Steel 11 >r 33 27% 247a Power ' ' >■ 1763/4 93/4 ' ll 70 800 4.100 14% 6 National 32 317a 10 !■ ': lO- : 313/4 v J.' 6% 6% ■ *32 11 '% 34 6% - 19 17% 6% Jan National *103/4 *32 30% 87a , > lu 11 34 6% 30,900 , 25'% 287a 8 Natl .■>■ 63/4 : 10 9 '/a 1 . ' 19 •«. 17% 57% Feb 7 63/4 ■' 14% Feb 4 6 3/8 123/4 12 3/a '♦24 % •25 "193/4 27% 73/4 10 6% *19 ' 17% 177 Jan 1972 175% 5% 8 143 & 19% 14% 1 Corp *•24% 1974. 287a *1413/4 Service <■ 25 13% 12% 1372 *24'% 253/4 17% No par 10 com 1374 137a • 287a *175 Ik Jan 51 *10% 100 22 •*50 600 *1474 * 12.50 913/4 Jan 5172 *50 11 100 3 51% *10% preferred A 8 *50 3,900 35 103/4 preferred B 21 *33 X10 3/4 7% Feb 12% 34 % 11% 6% ft Jan 90 117a 11% 12 11 » 3 1974 Jan 1,900 2,800 34% 11 29 85 10 12% 31 33 6yA 8% v 11 Jan Oct 6,300 393/4 35 11 1763/4 31% 177% Feb May 1,100 1,800 110 12% 33 . 32 >176 33 144 25 10 110 *32 % X9% • 34% - 31% 6 . 11% *34 33 -• ' 4 114% 3,200 12% 39% 40'/a 110 110 110% *110 10% 39% 40% 6% ' 10% 110% 177 4 Nov 21 7io%- 107» 117a r Jan Nov 10% 10 - 19 % 6% / 1 6 Co 6% 16972 Jan 4 10 ' 67a %; 1 8 Natl Malleable 12% 12% V'i 15% 34'/a *25 19% 1 — Jan Jan 21%V >15 51 1374 25 c% :__10 v Co 14% 13% X25 19% 4 Co Gas Gypsum 14% 135 1 12% 7,700 719 19 19 15% 200 17% "• 12% *50 >-•19% Jun Peb 51 19% Apr 81Mar 20 *49 257a >20% " 177 Dec 127a x40% 110% *48% 147 72 153/a *110 110% 12 % No par Jan Linen 15 400 , 23 21% 22 19 \ , 15% 1274 10 34 City Lines Inc National 21% 19 15% s ' 40 % 12% Oct Dec 10 40% 34% 100 307a Feb Jun 10 40% *110 12% common 133/b Feb 2 10 40'% 41 110% Nov 130 19 12 12% 34% National ^ 12% 12% National 12 Jan 13 19 34'% Dairy Products No par Department'Stores 5 Disttflers Prod No par Nat Enameling & Stamping— 15 7a Jan 19 16% 22% 22 15% 19 12% 1 Register 11 \ *21% 17% 17% 19 15% 12% 10% 41 110% National >, 21 Biscuit 12 774 Jan 97a Jan 22% 22% - ■ 7 19% •15% 34% preferred National Can Corp„__. 14 7b 23 19% .! 10 V% 13'% 217a 16% 22 16% 167a 15% 1; 12% 5 ./.National Dec 9% 22% 19%' 15% - *21% 22 ■ , 600 107 " 1 100 — 24 10% Mar 23 23 -100 Fibres Co. 27 Cash '217a 11% j National Aviation Corp Jan 35 3,500 11% 19 ; Jan 7 11% 11 % *15% ] 33 8 11% II 16% Louis. 178 5% Feb ll3/a 11 _fl St 3 30% Feb - 11% 11 1 3 Jan 16,500 11% 22 Co_> National 53% 53% 10% *10 107 : Acme .National 52% 52% 17% Corp National 7 537a 53 % No par & 25- , 700 "53% 52 % 5 & Bros 10'/a 52% 22% T *974 52 17 ( 10 54 *22 7,000 103% 10 10% 18% *1013/4 108 10 * 48% 48 49% 103% 108 10% *108ya 108% Shares 103% *10 103 103% Xl 08% the Week j 109 10% 103 _ for Sales Feb. 11 t per share 103 >% 10% 108 110" 23% . 48% 49 y2 49 % 49% x49 % 110 17% „ Chatt 7 33 July 507s *103 109 % 50 Nash-Kelvfnator 3 , 93/4 Feb 50% 108% *108% __No par Co ..Nashville 7 50% "103 *21% preferred Myers (F E) . Jan.21 45 Nov Mar 6 50% Friday Feb. 10 9 per share * No par Murphy Co. (G C) common 4%% preferred Murray Corp of America com 8 , I par ihors Tuesday 3 N « I per share 11 Mfg Corp Munsingwear Inc 25 5 May 112 Feb. 9 I per share 5 Mullins 7 11 45 Jan Feb. 8 53 Inc Wheel Mueller Thursday Wednesday Feb. 7 No par Motor Products . 7 Jan Feb 107% < 5 com Lines—. & HIGH SALS PRICES Monday t i per thart p*f " •-33% 50 (John) Motorola 3 Feb 21% Feb Jun Co Moore-McCormack 7 18% Jan May 23 Dec RECORD Feb. 5 Montgomery Ward & Co— 20 11% Jan Chemical Monday, February 14, 1949 „ Saturday preferred series A No par $4 preferred series B No par Montana-Dakota Utilities Co 5 7 Dec - Dec 10 Jan 17% May 21'% CHRONICLE LOW AND STOCK $3.25 Oct 15% > Monsanto 13 10% Nov 19 11 24 11 20% Jan v Jan Jan 8 Feb IIV< Jan «. 52 110 Feb 107 65 YORK i 111% Jan 4 - 103 Apr Dec NEW I per shore May 47 y« Mar ■■ STOCK EXCHANGE 112% 1053% Mar 93% Dec • 45% Jan * Highest I per share share 61% May 99 V* Dec Jan. 1 Lowest Highest I per •hare YORK FINANCIAL STOCKS Range Since Lowest & , - 93/a • -974 ' 20 • > 15'A Northern States Pwr Co (Minn)— 1033/4 87i 16 90 Jan 4 Feb 4 1073% Feb 7 109'% Jan 13 17y8 Mar Nov 8 3% Feb 11 103% Jan 16% Feb 11 19 Feb 33'% Jan 11 36 Jan 27'% May 40 V2 Apr Jan 3'% 87 Dec 109% Nov 33% Mar . Oct Dec 90 , , $3.60 preferred $4.80 ., preferred 2 4.6% 4 *89 Nopar ! Northwest Airlines 7 Inc No par • preferred 25 90 ■ 1073% common—10 1 173% 33'% 33'% Northwestern Telegraph 50 3'% Jan 31 43% Jan 11 Norwalk Tire & Rubber No par 3'% 374 Jun 11% Jan 4 12'% Jan 10 Norwich Pharmacal 2.50 113% 11% 34'% 30% Jan 31 Ohio Edison Co 7'% May 33 Ya 33 74 • ' - 89'% 89'% 1073% *107'% 87/a 9'% 17'/« 9'% 17% 89 1073/4 1073% 874 18 143% 10% Mar 1073/4 9'% 17% ; 90 89 Ya ; 108'% 9% 17'% *33'% 9 108 97a 17'% 8 Ye 17'% 33'% 34 *88'% 89'% 108 33'% 17 33'% 89 74 89 89'% 270 107% 107% 140 9 7a 8 3% 8% 5,800 "17% ,163% '33»% 108 33'% 2,800 17 190 33'% ' Co 3'% * 115/a >' 3'% 12'% •>; 3% *3'% 12'/8 *30'% 102'% 30% 30% 102'% *102'% 267a : 33% *113% "" 26% -263/8 *187a 25'% 95'% *117% 3%: 3'% : 12 12 *12 3'% 600 12'% "*3'% 3'%: i 12 400 O 26'% Dec Jun 27'% Jan 3 92'% Jan 103 Jun 99'% Jan 3 26% Feb 43 Jun 253% Feb 17% Jan 16'% 22% 6 Apr 183.a Jan % Feb 36% July Mar 92 xl09'% July 12'% Apr Dec 104 Jan 21 11 333% Jan 7 8 18'% Jan 21 Feb 8 31% Jan 7 95'% Feb 9 99 Jan 7 6'% Feb 11 8 X25 Jan 10 90'% Jan 10 22'% Jan 7 88 Dec 100 Jan 20 Jan 23 Jun 27 Jan 37'% Jun 29 Feo 7 31 Jan 24 Jan 148 Jan 15 153 Jan 28 144'% Nov 154 83 FHa 11 20% Feb 10 - 4.40% Ohio . Oil Oklahoma Gas & Elec 4% Oliver Corp 4%% 8% Corp Nov 23 Jan 13% F-b 8 16 Jan 13 Outboard Dec 89 Feb 77'% Jan 27 79 Jan 28 Outlet Dec , 11'% 73'% Jan 49'% Jan 3 > Feb 153% May 8'/a Dec 15 May 9 Feb 11 60'% Sep 73 Apr 66 Jan 7 37 343% Feb 43'% May 127% Feb 58'% Jan 14 24 Marine & Owens-Hlinois Mfg Jan 7 Pacific Amer Fisheries 18 Pacific Coast Co 70 Jan 14 40 Jan 17 2nd preferred 19'% Feb 2 Pacific Finance Corp 3 33'% Feb 3 Pacific Gas Pacific Lighting 130 Nov For 553% July 44'% July 147 footnotes —12.50 50'% Feb 7 54 29 Jan 3 333% Jan 25 Feb 7 95'% Jan 24 Mar 1j5 Jan 5 Pacific Telep & Teleg 6% preferred see page /« 5 Inc 13 10 of 93% *64 38 97'% " 7'% 18'% 26 95'% 293% >. 7 7'% 67/a 7 86 85 85'% 21 21 ?84 *20% 85 21 29 *152 152 54'% 13 54 13. 93% *9% 68 *65 38 *37'% 29'% 297a - *152'% 153 14'% ' 79 13% ' , 54% *75 14. 79 53'% 93% 54'% *127% 13 13 74 *9 68 *65 38 37'% 293% 293/8 153 93% 68 37'% 29% > 29'% Jan 21 297/a f 29'% 152'% *13'% 14 *13% 14'% *13% *75 79 *75 79 *75 54 55 54 53'% 54'% 12% 12 7% 9 74 *65 37 9 74 68 37 * 12 Ya *9 *63 37 153 13 9'% 68 37 Corp 14'% 78'% 55 *12% 9 68 270 19'%. 19 7a 19% 19% 19% 19% 19% 19'% 19'% *183% 33'% 32 Ya 33'% 32% 32 7% 32'% 32'% 32'% 32% 32 3% 32% 51 5174 *503% 51% 513% 52% 50% 51 »% 31'% 32 31 313% 100 90 91 89 90% — —100 *138 140 »- , 138 138 — . 33% 38 30 200 400 13 9 *63 5,200 - 4,000 19'% No par 3,600 150 /■ 32'% No par > > 500 29% 153 lo common V. 600 150 23,200 \ 100 8,500 150 . • 21 21 *152'% 19 210 800 7,700 51% 5072 50'% 1,700 30 3% 30% 31 31% 31'% 32 31% 31Ya 3,000 89 74 90 91 91% 92 92% 92'% 92'% too 136'% 137% 137-'% 138 138'% 50% ' 139 20% 153 *152 , 20% 21 25 Calif Pacific Mills 89 6 54'% 18'% 25% *95 *18 30'% 30'% 102'%10274 253% 26'% *18 18'% 25 V2 25% *95 96'% 6'% 67/8 83 83'% 101% 102'% 26 263% 18'% 18'% 25% 26 *.95 96% 7 7'/a 84 84'% 26% *20'% *14 Electric Jun Jan > *76 No par 6 3 r04'% 213% 15'% non-cum Jan 18'% Jan 30Ya Jan Dec 87 79 No par Jun Dec 77a x26 30'%'>30'% 30% 103 85'% 7'% -' *14 common Jan 47'% Mar 96 *76 non-cum 21 Ya & 96 *18 2.50 Co 10'% Jan preferred 152 25% x26'/a Nopar Glass 1st 293% Nopar 30% 103 273% 18'% 26'% ' 18'% 7'% *86 :*20'% 103 973/8 • '-*96 _6 10 I Co 26% ' 27'% (*18 100 .100 36Ya 89 A common- 15'% Mar 29 '/a common preferred 293% Nov 100 preferred 15 7a 20 Nopar Collins Elevator 6% 28»% -30% 30% 1023% 273/8 preferred (The) convertible Oppenheim Otis 102'% pfd common convertible Omnibus *30 8 100 Nopar Co 80 47'% common preferred ' 136'% 138 ' 138 90 Volume 169 Number 4777 THE COMMERCIAL Rente fer Previous « per share 3 % I per share Dec 39 % Nov 4 Nov. 11% May 92 ' Oct 6% Feb 18% 18 : Vi Feb. 2 8 Jan 4*% Jan 4% Jan 8 49 % Jan !. 5 May 99 102% Jan 8% Jan 5 3 24 27 '28 May 16% Feb 8 Jun 102% Feb 8 22% Jan 3 24% Feb 26% May "51 Mar 7 104% Jan Feb ; Dec 1 24% 20 Jan 55% Jan 105 23% 5 9% Jan 16 4 6% Feb Jun Jan 8 43% Jan 10 3 12% Feb Oct ll3/4 Jan 34'/4 11 Jun 100 • Dec 97 11 66 Feb^ Nov 40 May 3 % May 33% 30% 6% Mar 10 9 16% Jan " Jun Jan T 7 20 T 3 'x4iya:Jan 20 Jan 3 •1% Feb 24% Jan 8 •2% Jan ' 7 3 27% Feb 3 26% Jan 22. 25 Jan 4 May •6y« Feb 5 7% Jan 7 Jun 12% Feb 11 14% Jan 18 7% Feb Feb 2 Jan 4 xl9 27 Dec 37 Jan 3 81/2 Feb 49% Jun 153/a Jan Jan 8 28 19% Jan 29 27% Jan 31 42% Jan Jan 5 28 Jan 7 45% Jan 13 10% Feb 3 9% YORK CHRONICLE Saturday Monday Feb. 5 3 Par Feb. 7 « per ehare Pacific Tin Consolidated Corp— 1 Pacific Western Oil Corp— -10 Packard Motor Car: 3% » 35 r No par 3 %' 3% 3% 3% 35% 35% 4 3% 8% 8% 13% 12% 13 *12% 52% 53 52% 102% *102 102% 4% Cos Inc com—_—No convertible Paramount Pictures Parker Rust Patino St 6% :, 7 23% 41 6% 17% *17% 102% 402% 22% 22% *38 2 *38 41 2 2 7 23 *101% 1023/a !; 19,800 101 % 3^300 101 % 6% 6% 16% 110 6% 17% 16% *102% 24% 500 '52% '■ 52 6% *38 26% 25% 26 26 26 2 26 25% V 40 1% < 104 23 " *1023/4 23% 40 2 7,200 :, 23 1,300 ■- . 104 22% 5. 40 120 ' 36,400 42 *39 1% 25 % *25% 6% 6% 6% 6% *6% 13% 13% 13% 13% 13% 13% 7% *7% *18% 7% 7% 7% 7% 7% 27% *18% 7% 19 28% 28% No par 43 43'/a 43 9% 17% *9% 25 * 19% 26% 19 28 26 *7 lYa1 : •24% 7% 13 12 73/4* 25% Dec Feb 27 Dec ' 109% 213/a 112 16% Dec 16 '/a Dec • 35% Dec • 103 ' 17% Feb 48 19 Ya Jan 109% Jan 18% Feb 3 Feb 11 17% Jan 7 16 32% Feb Apr 106 Jan 29 10 37 Jan 3 110 Feb 7 30% Jan 18 Jan v 100 % Jan 7 Feb 99 Oct 96% Feb 9% Nov 20% May 8% Feb 7% Nov 98% Feb 14% 44 3A Jan 30'A Oct 9% 24 y8 7 Dec Jan 102 May 17% Jun Feb 11% Jan 19 8% Jan 21% Jan 104 19 Jan 86% 22 4 4 453A Dec 7 28 % Jan 21 17% Jan Apr 120 5 27% Feb 10 4 109% Jan Jan 20% July 22 V8 May Feb 28 Nov 34% May Oct • Jan 10 10 23% Feb ' Jan 5 10% Feb 7 1 103V2 Jan 28 12% Jan 7 20% May Dec 20% Feb 2 19 64% July 51% Jan 40 % Feb 59 53% Jan 21 48% Dec 55 93 Dec 20% Dec July May 52% Jan 1043/a May 24Ya Jun Nov 253A 17 Jan 24 98 22% Jan 21 . 22 Sep 25% Feb 4 Penn Coal & Penn-Dixie Coke Cement Glass Sand Penn 5% Corp.. 10 Co 7 Pennsylvania Light Co__ RR — Drug Stores Inc 900 ; 3,400 j 7Y4 1,100 : 19 300 ! 29% 800 j . 19% 19 19 28 % 28% 28% 29 433% 44 433/4 44% 43% 43% *9% 10 9% 9% 9% 9Ya 500 17% 2,100 44 lo > Pfeiffer Pfizer Brewing tChas) i9 • *28 5,500 14 35 98% 35 108 *30 97% *95% ♦106 303/4 97 ;%V 9 9 9 8% 8% 24- 33% 108 30% 97% 8% 34% 33% 110 *30 8% 8% ! 109 9% ,:■/ *9% 16% 34 323/4 *106 30% 96% ■ 33%" 108 *30 16% . 96% *97 10% 10 *103% 103% *103% 10% 10% 8% 8% *1023/4 103% *22% 103% 23% 103% *1023/4 103% 60 10% 10% *10% 10% lOYa 10% J,800 10% 10% *22% 19% 19% 19% 19% 45 '"*'■: 45% 44% 45'/a 443/4 44 3A .*■ 45% 46% 453/a 46% 443/a 45% /,;• 44'/a Jan 3 4.4% preferred Jan 31 3.8% 5 4.3% preferred preferred *51% 19% Jan 7 52 51% 51% *97% —100 97% 97 97 '22% 22% 21% 22% *25 1 111 110% 51% 52% 97% 973/4 97 22% *99% 100 107% 106% 106% 16% 15% *25 110% 101 16% 16 / 51% 973% " 22 25% 111 *106% 19% 18 Y4 110% 21% 21% 21 25 25 *110 111 *97 100 107 107 25% 111 99% 99% 107 107 16 15% 33% Feb 11 40% Jan 7 81 Sep 91 July 84% Jan 7 88% Feb 8 25% Mar * 39% Dec M/'i Jan 4 41% Jan 24 87 Jan 97% Jun 93% Jan 3 x97% Jan 12 82% Nov 88% Oct 88 Jan 6 11 Dec 13% Sep 10% Feb 10 - 88% Jan 26 ' 11% Jan 11 87% Jan 92% Aug 90 Feb 11 Feb 11 54% Jan 77% Jun 51% Feb 4 58% Jan 7 10 Dec 14% May 9% Feb 9 10% Jan 20 30 Dec 10 »/2 80% 26 34% Jan 29% Feb Apr 103% Jan 100% Jan Jun 98% 110 113 Sep Dec 15% 138 11' Jan 81 27% Feb 3 36% July Feb 30 Jun 3 10 13% Feb 5 July 155 Jun • 142 Apr 169 Jan 13% Feb 85 32 Jun 30% Feb 11 10 Jan 7% Feb 10 10% Feb 20 Jun 12% Feb 11 81% Jan 3 Jan 170 96 Oct 70% Dec 15 Feb 145 Jan 26% 26% Dec 70% Jan 52 ' 157/a 5P/4 51% 97% 50 213/a 21% 6,500 , 25% 25% * 111 39% 38% 39% preferred com 39% 87 87% 7 39% 40 % 7' 393/4 40% / 39 Ya *96% 97 % 98% 90 *88% 90 *88% 90 *88% 90 7 *96% ! *88% 90 *10% 11 *10% 11 *10% 11 *10% 11 103/a *10Ya 11 92 *90 92 *90 ♦90 92 ■53% 54% 9% 9% 52% 52 52% 10 10 *9% 10 % 30% • 30% *101 *29% No par * 10 29% 13% 29% *29 102 % *102 102 % *101 115 *101 115 13 12% 13 13 *84 87 28 Pittsburgh Forgings Co_ 1 13% 14 Jan 26 Jan 26 15% Jan 7 Jan 24 Pittsburgh Plate Glass Co Pittsburgh Screw Ac Bolt 88 Pittsburgh Steel .Co 71% Jan 27 18 Feb 7 21% Jan 24 Jan 10 147 Feb 1 11 28 Jan 6 148 *143 148 *167 173 *167 173 *167 173 *167 171 32% 8 No par 31% 8 13% *150 preferred class A 100 5%% 1st ser conv prior pfd—100 Pittsburgh & West Virginia 100 • 32% 8 13% 175 8% 13% *150 8 13%. 86% 70% 71% 70% 18% *145 18% 18 24% 24% 18 *145 149 149 24% 24 70% 10 3,500 500 143 13 30% 30 Vs 8 *150 85% 5,800 8 12% 175 843A ~io 30% 7Ya 13'A *150 5,600. 3,300 13% 175 *81% 82% 570 *70'/a 71 *69 Va 71 390 *16% 18% 24 ' 13 Ya 167 7% 149 18% *16% 18% 200 24 24% 27% 13% 167 71 *17 3.700 85 27% *143 13% *145 12% 85 171 85% 18% 500 120 148 .30% 175 85% 149 29% -12 % ' 14 ya 200 115 *143 70% *17% 12% 273/4 20 9,000 102 % . 1 *167 > 31% 86 *145 24% *150 *29 *102 ! *101 ' 87 14 y8 8 13% 175 *85% 71 8 13% *150 85 % 30% 8 13% 175 86% *70% 1 32 30% *85% 100 12% 27% ' 14% *143 5% Pittsburgh Young & Ash pfd Pitts ton Co (The) *14% 14% 148 32% 100 *14 *143 29% *84 28% 148 lo com 14% 12% 87 27% *143 No par class B preferred *13% 12% *84 28% 100 *9% / 10 *102 29 7 10 7 53% *9% 712,700 90 52% 115 87 8% Jan 90 102 3/8 28 Pitts Ft Wayne As Chic Ry com__l00 7% gtd preferred 100 r 92 102 *84 , 10% *101 30 ; 100 ;> 40 533/4 115 87 * .87% 523/# ? 102 29 35% Jan 21 29 29% 29% *90 90 102 115 12% *9% 30% 52% *86% ' *101 *102% 102% —100 V 92 51% *145 149 23% *145 24% 23 Va 149 — — 23% — 2,400 ' Year 1948 Range Since Jan. 1 Lowest Highest 9 per there < per share 9% May STOCKS NEW YORK STOCK 33 Jan Feb 46 11% Dec 16% May 9 3/a Feb 36% Feb 34 Jun 8 xl0% Feb 9% 9 Ya 9Y4 9% Plymouth Oil Co 5 37% 38 36% 38 36 % 37% 36a/4 37% 34 34% 35 7 12 Pond Creek Pocahontas 12 Va Jan 24 Poor Jan Jan 3 14% Jan 6 11% May 6% Jan 3 8% Jan 24 35% May 25% Feb 5 Feb 71% 60% Feb lo 7, 28 Jan 24 66% Jan 18 Feb' 18 28% May 32% 20 Dec 25 32 % 33 Dec Sep 14 3 31% Jan July 25% May 3 Jan $4.75 28 28 Jan 20% Jan 26 10 14 com Pub Serv El & $1.40 Co of Gas com 35% 34 11 11 11 11% 10 14 14 13% 14 13% 14 1 7 5 6% 7% 25% *24% 26% 64% 64% 64% 19% 5 27 64% *11% 13 Ya 7% 6% *25 7 27 *25% 64 Ya 63 Ya 63% 9% 93i 700 36 % 37 36 V. 36% 7,200 *34% 35 1 *34% *103A 11% 11% 13Yb 14 13Ya 14% 6% 7 6% 6 S/8 27 *24% 26% 200 63 Va -60% 61% 6,300 7% 27 *25% 63 3A 60% 20% 19 s'a 20% 20 20% 86% 87 87 86% 86% 87 87V2 39% 38% 39% 39 Ya 39% 39 3A 40 39% 39% 21% 21% 203/4 21% 20 3 4 21 21 213/a 21 21% 27% 27'A 27 Ya 27 Ya 2 7'A 27% 27'A 27 Ya 31% 32% 32 32% V 32% 32% 25% 26 26 y8 26 Ya 25% 26% *107'A 108'A 107 Y4 1073/4 No par com com 27% 27% '32% No par 25% 33% 26% preferred 100 No par 20% ' No par No par common 20 *86 *107 x32 32% 253/a 108% 26% - 19% 19Ya 108'A 107% 107Y4 > 27 26% 26% 26 Ya 26 Y4 27 27 19 Quaker State Oil Refining Corp_10 *107% 27 * 19 19% 19% 19% 19% 19% 11% 12 Va 11% 70% 73/4 1,200 8,800 6,700 19% 4,200 87% 87% 230 39% 393/4 5,000 20 Ya • 2iy8~- 7,200 27% 8 27% 32 • 71 8 Va 19 3/s :-V: 11 Ya 71% ' .11 400 11% 87 : 35 14 38% ' Shares 10 *86% Purity Bakeries Corp conv 7% the Week 9 per share 10 No par Inc (The) *34'A 11 % Sales for Feb. 11 Colorado—20 div preference Oil 5% Inc preferred cum Service 35% II No par Publicker Industries Pure 8 Co Procter & Gamble Public *34% preferred series A—50 conv Pullman 26% Feb 19 4%% 7 31 % Jan 108 % Jan Power Pressed Steel Car Co Inc 8 5 4 1 No par class B Electric Potomac 3 6 107 Co 21% Feb 28 % Feb 34 7/e Jan Jan 25% Feb - 2 87% Feb 11 Feb 9 3 Jan Feb 40 3 26 May 108% Jan Jan , 20 Va Jan Jan 42 Feb 17% Jun 53 Feb- Feb. X25 38 30 % May Nov- 101% 85 24% Dec X25% Apr 39% July Jan 18% Jan 94 Mar 81 22 3 & Friday Feb. 10 10 Jan Thursday 9 per share *9% 36 • ' Feb. 9 9 per share 10 Nov- Jan Wednesday -Feb. 8 10 Nov 62% Tuesday 9 per share 9 per share 443A Jan 11 13 I per ehare 5 5% 14% July Par Plough Inc 12% 22 Va Feb. 7 10% Jan 20 11 Feb Monday Feb. 5 9 per share 11 LOW AND HIGH SALE PRICES Setnrday EXCHANGE Highest f per share 12% July 70% May 29% Lowest 32 Ya 25% 25Ya? v 8,900 6,000 21,200 ' *107Y4 108'A 27 *25% 26% 1,100 19% *19 19% 300 11% 11% 79,400 70 70 1,400 8 18,200 200 " *19 26 Ya - *19 R 7% Feb 15 63% .•■J Feb 75% May Oct 11% May 98% Jun 6% 89 Nov Jun 34% 11% Feb 70 . Jan 22% Feb x36 July 31 Jan 35 May 16% Feb 27% July 36% Feb 45 Apr 39% Feb 31 Feb 39 Jun 10 Dec 15% May 10 % Jan 101 Jan Nov 7 ■74 % Jan 22 9% Jan 10 92% Jan Dec 106 14% Jan 3 7% Jan 25% Jun 11 26 95% Jan 24 Jan 29 Radio Corp of America com„No par $3.50 8 Dec /" 18 May Jan 19 26% Jan 30% Feb 4 32 Jan 34% Feb 3 20 Feb 2?% Jan 7 2 43 Jan 3 4% non-cum 31% Feb 10 36 Jan 7 4% non-cum 11 Feb 4 105 11 3 i- • $2 7 Jan 31 25 Reed 11% Jan 14 12% Feb 11 17% Dec 2514 May 18% Jan 4 8% Dec 13% May 8% Jan 3 52 Dec 8% 66 Dec Aug 15 % May 8 Feb 11 8% Jan 27 20% Jan 53% Jan 27 9% Jan 3 27 9% Jan 24 54% Feb <■ 10 3 Jan 7 Roller Reeves Reis 14% 1st preferred 2nd preferred Bros Bit Co $1.25 div Reliable prior Stores preference Corp Reliance Mfg Co common Conv pfd 3%% Remington-Rand common 99 Aug 78% Jan 4 83% Feb 3 29% Jan 9% Feb 9 12% Jan 8 Reo Feb 8% Jan 7 Jan 27 Republic Aviation Corp Republic Pictures common 22% Feb *33% Oct 103 Jan 111% July 15 Dec 21% May 82% Feb Pur 102 foot no Oct *ee page 6% Feb 11 2V4 Jan 3 5% Jan 4 23% Feb 7 105% Jan 3 3 6% Jan 31 27% Jan 110 7 Jan 31 Feb 5 16% Jan 12 95% Feb 10 99 y4 Jan 5 13 24. $4.50 $1 12 701/4 71% 7% 7y« 95 95 • 8 95% *71 7Ya 951/4 *94 *94 73/4 953/8 94 94 *93 *27% 95 28 28 28'A 28% 29 23 29 29% 27% 28% 27 27 y4 27 27% 26% 27% 26% 33 *32% 29 *27% 35 34% 341% 33% 33 y2 21 50 230 27 *27% 21% 201/4 "" 21V4 201/4 20 y4 34 *20% 50 40 40 40 40 40 ,*393/4 50 *33 34 33 33 32% 33 *31% 5 11 11 10% 10% *102 106 *393/4 *102 105 *10 % 10% *102 10 % *102 105 21% 21% 21% 21% *20 3A 21% *20 Y4 12 12% 11% 121/4 11% 11% 11 Ya preferred Motors 10 *8 No par *19% 5 8% 100 *53% Inc 50c 9% -25 *81% 1 1 11 7 50c convertible preferred -—10 Corp conui—No par 6% conv prior pfd series A 1001 Revere Copper As Brass com NO par 5%% preferred^—I —100 Republic Steel *8% 9 8% 8% 19% 9 20% 20 20'A 201/4 9% 9 9% *533A 543/4 v series— Dec 11% May 11% 72'A 29% 50c Dec Nov 12% 7 5/s <95 common_No par Inc 6% 2 % Dec 11% 72'A 7% '34 28% 400 4,800 33 33 Va 33 Va 203A 20 Va 20% 20 20 Va 411/4 393/4 39Y. *29 39% 33 31% 31% *31% 32% 400 ♦10 V. 113/4 10% 10% 400 10% 105 *102 21% 105 *102 1,100 ' 2,400 700 105 *20% 21% 203A 20% 1,100 12% 12 12% 12 Ya 12% 1,700 (Robt) & Co— 10% 5% 12 72% 100 common 78% 13% May 5% May 11% 72% 7% No par 25 common Hosiery preferred 7% 23% Jan . Co Real Silk 11 106 . preferred Reading Jan Dec Jan preferred Radio-Keith-Orpheum 1 Ralston Purina Co 3%% pfd 100 Raybestos-Manhattan No par Rayonier Inc common 1 -20% Feb 11% 1st 7 2% 6 ' 23% 54% • 9% : 85% 11 93/8 91/2 *81% 84% 10% 11 7%' 2% 23/8 6 5% 6% 24%' *107 "• 110% 13 13% 97 97 6 23% 24 3% 108% 108 i/a *106 3/4 13 S/8 13% xl3% *97% 98% 23%. 97 8% 20 Ya *19Y4 9 Va *8% *533/4 54Y4 9 3/8 *81 *8 3/4 *533A 91/2 9'A 84 *81 54 Y4 9% 84 V2 8 1 *53% 9Va *81 8 20 3/8 9 9% 93A 7'A ' 93/4 7% 73/a 7 7Va 2% 2aA 23A 23A 2Ya 6 6 6 6 6 6 24% 1091% J 6 24% 24 Ya *106 3/4 109V2 13% 13Y4 14 97 97 97 - 24 *106Y4 24% IO91/2 13% 13Y4 95% 96 % 9Ya V. - 500 1,300 12,200 85 9% 9Y4 200 I 54% 103/8 7 2% *8 *20 9% 84i/2 9% 7 8% 20% 9Va 9% 9% *81 2% *8 *20 j 543A *53% 7% : 9'A *9 ■ 8,000 -/ 98% *88% *96% *88% 52 preferred—No par 33Y4 98 *84 convertible 33% *96% *90 - ; 34 98 1 $5 90 9,400 *96 5 Pitts Coke «fe Chem Co 88 39 ^4 34% 88 200 15% ;' is3/. 99 100 Fillsbury Mills Xno common——25 $4 preferred -No par 34 % 883/4 HO ' 107% *96 • No par i Petroleum Hosiery 34% 100 i 500 111 *107 153/4 330 25'A 110 Va *98% 107% 15% - 3,600 18,100 *96'/a 213/4 100 *107 16% , ; 2,100 45 52 100 88 Pitts Consolidation Coal Co 139 23% Feb 139% 45%: 97 % 25% *110% 34 7 Oct 46 % July 88% 7 July 161 5% Phillips Phoenix 7% 82% May 35 ' 87% 2 Dec Feb 34'/a 88% Feb 170 39% 35% Jan 165% Jan 21 July Dec 34% *87 16% Jan 142 Nov 73% 3 26 7% 140 21 Corp common 3 preferred series A 100 Philip Morris & Co Ltd common—5 4% —100 preferred 3.60% series preferred—__10o Phillips Jones Corp com No par 3%% Pitts C C & St Louis RR—; Jan 93 Feb Dec 157 32% Jan 24 102 % Jan 23'A Dec Mar 12% 90 Phllco ' 18% 44% 100 1 ' *97 *99% 100 ; Phila As Reading Coal & Iron *25 25% 51% "419% !)«• 45% July 23% : 7' 19% 101 Jan 8% ; 46 $1 div preference com 28,100 8% 23% 48 50 1 500 8% 8% ♦22 % 19% 112 28 9% 9% 8% 103% 103% 10% No par 1,000 23% 45% preferred 1,700 98 8% 103% 10% common—No par 7 100 30% 97% . 1,200 108 *30 t 1 26,800 •• 35 . *106 98% *9% 16% *33 v 30% ; ' 5,300 *22% 23 [ 100 18% 16 ' 108 30% 18 45 108% Jan 28 16% ! 48% Jun Jan 16% 183/8 20 Jun 213/s Nov 16% 18% 47% 103% Jan 16% 29 114 19% 111 Jun 16% 36% . *27'/a *111 47% Sep 115% 16% *23 No par —100 Jan; 91 16% 27% 114 46% Jan 104 1033/4 18 y4 30% 17% 5 . - 18 % 110 18% , 27% *111 18% 8% : ,.173/4 . 1 — $6 preferred Co 18% 29 114 25 Philadelphia Co 6% Electric *27% ♦111 No par Inc Phelps-Dodge Corp Phila .18'/a 29 114 18% 98 No par Co Co & 18% *111 18% 30% preferred——:—:—._««.lOO X Petroleum Corp of America ..—.5 18 *27% 144 18% *109 4% % 18 29 *27% *111 18% 36% 100 __100 : 33 %c Co common 17% 30 114 10 *9% 16% 100 Peoria & Eastern Ry Co_— 71*7-7 18% 5 Pepsi-Cola Co Milk *111 No par 50 •' Peoples Gas Light «te Coke Pet *27 % —100 Pennsylvania Salt Mfg Co com 3%% conv series A pfd Peoples 17% Corp com—No par preferred Penn Power & 9% ' 500 7 Y4 *7Ya , 6,500 _ 9% 151/4 1 200 6,200 . ■13 7 13'A 7% lYa 26% 26% *18% 28% 43% 26% 7 7 19 *27% 44% *25% 7 26% 25% 13% - 1% 26% ■ 26% 26 •13% preferred 8% 13 *12% , 45,600 17 % 17% 5 5 Penney (J C) Co 52% 3,100 1,900 3%: 8% 8% 123/4 52% •402% 104 42 1% 26% -26% 2.50 Penick & Ford— 8% 123/4 • 3% 33% 3 3/4 ' 2 * No par prior conv 102 8% No par Enterprises Peabody Coal Co common 3% *35 _No par Co_.—: Proof 102 16% 102% 22% 8% 7 3% 33% »■ for Shares * ' Mines—.1 Transportation Mines 102 6% -102% 23% 8% 8% 17 * 17 105 23 Parke Davis A Co—: 6% ;17% *102% 1 Park Utah Consolidated 6% *17 mc—: Park As Tilford Inc..— Parmelee 6% ar preferred! !■ 52% 102% 53 33/4 4 3% 13 % 53% 8% 13% >54% Paraffine 21 the Week 9 per ehare 35% r ■ *13% 13% 54% *102 33% 34 % 4 Sales Feb. 11 f per ehare 3% 35 3% 3% Friday Feb.10 34% Panhandle East Pipe L com__No par 4% 100 preferred : Panhandle Prod & Refining —1 —— Thursday Feb. 9 $ per ehare 3% 4 4 Pan-American • Wednesday Feb. 8 < per share 35% 35 4% 8% Tuesday f per share 36 4 American Airways Corp 2% Petrol & Transp. —5 Pan (717) LOW AND HIGH fill PRICES STOCK EXCHANGE # per share 3% Feb 11 21% 13% Mar 46 3% Feb 33% Feb 5% May NEW Highest I per share 6% Apr 62% May Dec 8% Range Since Jan. 1 Lowest Highest - FINANCIAL STOCKS Year 1948 Lowest & 9 5/8 3,400 6% 6Ya 2 Y4 2% 6,200 4,800 2.800 24 24% *107% 109 %' 100 13 Ya 4,100 13% *95% 97 25,000 230 ( COMMERCIAL 4% 8 Nov 53A 33 % Oct 103% 6% Jan 6 25 Jan 43 3 37 Jan 11' 45 Jan Jan Dec Jan 3 102% Jan 4 Jan '% Jan Inc Common 3.60% Jan 49 Jun 24% Jan -3 30% Jan 21 Richfield Dec 28 Jun 18% Jan Jan 12 Ritter Company Sep 7'/a May 4% Feb 3 11 21 4% 5%'Jan 5 6% Feb 8% Feb 19% Feb 15% Mar 17 12 27% May Mar Dec 72 10 % Jan 1 25 % Jan 3 4 23% Jan 24 18% Feb 18% Jan 16% Dec 1073% Sep • Feb 10 55% Jan 8 8% Jan .3 10% Jan 13 Ruppert <Jacob) r- L, '■ 8% 61% 19% Jan 24 5 112V2 Jan 11 Safeway Stores common 5% preferred ' Feb 67 Jan Jan 58 111 Jan n 48'% Jan Feb 12% Jan 7% May 383% Jan 6 104'% Feb 11 48 • Feb 73% Feb >. , 133% May Feb 8 91% May 151/2 Aug Feb 79 Feb 83% 801/2 Jan 5 85 Jan 27 107% Jan 3 12 y2 Jan 7 12 30% Jan 35% May 26'% Feb 11 51 May 4o */4 Jan 6 49 ' Jan Nov 95 Jan 93 9 x96 Jan 87% Nov 933% 157% Apr Jun 79 \ L 87 Feb 26% July 44 '■ Oct 13% u Feb 621% ! Feb 18, 13 Jun 91% Feb 7 3 Jan 14 Jan 20 Jan 5 •14% Feb 11 83 , 86 Feb >7 50 55 Jan 18 Jan 18 163/a Jan Jan 7 Oct 5% Jan 27 6% Jan Nov 35'% Feb 11 39% Jan 8 127% July Feb 11 111/2 Jan 7 59% May 9% Dec,v I' 5% Dec [" 91/2 Dec - Jun 13, 53%'Jan 6 6% Jan 7 91% Feb 7 11% Jan -7 Jan 104 Feb 94 8'% May 143% 10 46 7 36'% Feb 8'% 43i% Feb- St 99 Jan 42 101 '% Feb S Jun Jan 3 29% Jan 7 27'A ~X25% 19% *18% 51/4 4 7/8 5 8% 8% 8% *181% > 8% 8% 5 *52 21% 17% 53 *9% 9% 17% 17 Va 112% 17% 19 112% 10 53 5% 52 t9% ' . v 9% 112 18% 18 18'% 17% 18% 112 »/4 112 > 112% 112% 43% 43% 44 44 44 t C—No par 11 103% 10% 10% 107% 500 22 1,700 17% 2,100 17% t c—100 401/a 38% 105 Va *88 '85% *84 O, t * 93 7% 8 38% 39% 105 *87" 93 7% 38% 1041/4 110 ; 39 *105 93 >; 73% 8 .7; 85% *84% 39 109 105 *87.' 8 84'% 84% '11% 12 xll% 11% 11% 27 26% 271/4 26% 48% *47% 48%;;' *92% 94% *93% *48/ > 84% 84'% .11% 931% 941/2 *86 .87 15% 16% 91% 12% 86 ,13 91% 12% 91% *90% ;» 13 86 > I43/4 *91 86 17% 37% 37% 361/4 37i/4 *51/2 • 17'/4 ( 94 12% .13 85% >85% , 14% *49% *17'/s 38 > 36% 61/4 *5% 6% *5% 36% 36% 37% 5 1—1 *10y4 10% 10% 101/4 IOV4 " 10% >10% 6 V4 *5% 6% 100 35% 29,400 10 36% 35% 6% 6 6 10 * *53/4 - 10% 10 Vs 6 »* 5% • 9% ,—No par 101% 9% 9% >>>' 9% 9% 9% 102% *101 102'% 101 97% 101% 101'% • 3 6 3% Nov 243% 30 Feb 463% Oct 33 Feb Feb- 273% Jun 22% Jan 4 68 i, ! Feb 9 1 Dec Mar 12 ! ' Feb' 283% 79 Dec 15% Jan Feb 13 •31 Feb Jan Jan 7 7 14% Feb 5 5 Jan 10 39 y4 Jan 21 4 Oct 3 14 Sharp & Dohme common No par $3.50 conv pref series A—No par Shattuck (Frank G) —No par 9% Jan 5 463% Jun Sharon 79 10 8% Feb 77 17 26 ,, Steel, Corp_* Sheaffer (W 7'% 33% } Dec Dec 7% May Jan Oil Sinclaif Oil Corp May >243/4 Feb 44 Jan •331% Jan 3 32'% Jun 191/4" Feb 11 02% t Feb 18 f Feb Dec 23 Jun 160 25% Oct Feb 7 1271/2 Jan 18% Feb 8 21% Jan 107 Jun 351/2 Jan 20 Smith 27% Dec 39% Jun 27'% Jan 3 31% Jan 24. Dec 90 Apr 84'% Jan 17 88% Feb 3 Sep 98 July 951/2 Jan 3 991/2 Feb 8 Dec 15% 147% Feb 96 Nov 31% j NOV 53% Mar Jun 26_ri 23 ,v 104% Feb 17% Jan 11 15% Feb 991% Jan 5 8% Oct 7, 24 100% Jan 3 4% Jan 11 13 7% Jan 3 3% Jan 71% Jan 8 171/4 Jan 11, Jun May 5 15 Jun * 102% 39 Feb 451% Aug 43 Jan 24 44 Jan Jun 60 Oct 54 Jan 27 56% Feb 3 Nov 11% 36% Mar t 1 Dec 36, 25'% Mar ; 12% Jan 12 Jan 3 Aug 36 Feb 11 421/2 Jan 36% Jan 7 38 Feb 29a/a Jan •5 31 Jan 26 ; 20'% Feb 30 3% July 28% Jan Feb 62% July 413% Peb 33% Feb 50% 58'% Feb 70 65% Dec Jun July 73 Jan 108 1071% 19 19% 19 19 18% 19 21 21% 20 21% 20% 20% 287/8 29 & G Co 9 Range Since Jan. 1 ' Feb 5% 24% 20% 191/4 19% 65,000 rl09% 109'% 2,200 20'% 19% 110 109% 35 *341/4 35 *34y2 35 • *18% 19% 18Va 18% 21% 21% 20'% 19 21'% 20'% 2,100 20'% *18% , 2,500 800 291/8 29'% 293% *28% 29% *29 29% 88% *87i/4 88'% x881% 88% *87 88'% *87 88'% 99% 99% 99% x98% 98% 98% 98% *98% 99'% 140 16 157/a 15'% 15% 15% 15% 15% 15'% 1,100 15% 15% 41.200 100% 100% 16 16 16 .15% 16 15% *1001% 100% 16 100% . 3% 3% > 44 *43 46 56% *55% 56% *43 3% 'v 15 16 '15% 100% 100% 100% 3% 3% 37% 71%' 7% V 7% "'46 *43% 46 56% *533% 12'% 12% 36% 37 36'/a 36% *38% 40 *38'% 7% 5 12% 12% 12% 12% 12% 12% 37% 37% 37 37 371% 37'% 3v ——25 *38j/4 25 301/a 30% 30 3Q% 30% 30% 30% 30% 30% 30% —7.50 291/4 29% 29 29% 291% 291% 29% 29% 29'/a 293% 43 44 41% 43% 42'% 43% 43'% 44 42 38 38% 35% 38% 37 371/2 58% 60 non-cum V Va 40 *38% 40 36% 37 581% 58% 58% 58% 58% 66'% *65'% 67 66'% *65% 100 66% 66 Vz ,< 59 59 *65% 68 :■ 29% 4,100 41% 42'% 27,500 35% 10,700 57% 1,200 .20 •' x35% 37'% 36% 58% *65% 29 3% X57 : " Mobile & Ohio stock tr ctfs; 3,500 303% 30% v 2,600 40 *38% 40 100 3,100 36'% I2Va 36 '-V 437% No par Co *381/4 40 V,. 100 55'% 12'% *54 •; 5,400 4,300 48 *44 12% Sugar com.No par Edison 1,100 7% " V • •• California 10 4 3% , 551% 12% 55% *44 *53% 46 • ■■■: 7% 7% 55% 44 >'■ 3% V>7%. 7% *551/4 50 50 *100'% 100% 100 16 15% 157/8 15% 100% *29 ' 7% Railway common—No par preferred : 100 7 26 2,700 3,000 3% 24% *87% 3% preferred—— Greyhound Lines Rico 4,400 243/4 3% *981/2 7% Southern Jan Jan 66% Feb 41 •; 109 108 5'% 3% 3% 24% 3% 25 11,100 32'% 5 .5'% 88 '/2 29% 3% Pacific 61 5'"" " 800 99% 7% Southern 4 31% 1,100 ;i4 *871/4 *28% 3% 7 11 32% ■ *97% 1 2 11 '313/4 8% V 5 3% ■20% 108 J 33% 400 8% '8% *34% 20% 19% 4,400 77'% *13% 35 *34% 20% 3,900 26 *76 ;; 8% 24% 107 com_4.50 & Platinum preferred Southern 35 20 ",v. 33'% 25% V 14% * 3% 3,100 33 • 14'% 9 :■ 25 25 34 253% 77 ' 77 14% 9 » 5 20% Feb Feb 66 8% Porto 3% 25 *34% 5 109% Southern Natural Gas Co x35% Feb x57 South 3% 3% 25 33% 25% , 27'% ... 32% 32% ■ 20 49% Jan 11 1 3 Jan 30 % 3 43% ?9 conv Southeastern 2 307% July 16 3% 5 t; 12 Jan 44 5'%% 35% 5 108 '__ E 3% 251/4 31% 5» 14 10 preferred 5% 13 52 Carolina 32% : > 5 ' 40 .27'% .*101 14% ■>> 8% 14 28 27 3% 8,200 9'% 9% 97% 102% r preferred South Amer Gold 8% 14 31% 5 : *34y8 ^ com—20 100 4.20% preferred —_—100 Smith & Corona Typewriters-No par Socony Vacuum Oil "Co Inc —15 Solvay American Corp 4% pfd—100 South 8% 14 33 5 3% Smith (A) & Sons Carpet Co 3%% 8% 14 .20 ——. • - 80 91 (A O), Corp_ 77%' *77 Va 8Va 25 ——No par Sloss-Sheffield Steel & Iron— Jan 25 7 Feb 26'% 77% 78 .'31 _-.—No par —2 15 Oil Co, 34% 25'% 78 25 78 » 1 5 Simmons" Co— Skelly 34'% 25 34% 24% 79 8% w,—>—15 Simonds Saw & Steel., 24 36 Feb 7- 34 33% 24% *13i/4 Coalition Mines T__ ——No par 36% Jan Dec Dec'; 12 Silver King 4% Jan 27% Jan 33% 24% 35 "J 241% *78 1 CO —"— of America" Sheraton" Corp 9 15 [ 6 5 25 • f f , 28 • 5% Jan 31/2 Feb 34 f Pen A) Union Shell ' 47% 28 27% 34% —No par Jan 26% Jan 38 11 17% H 27% 28% 600 6 *5% .:. 5%' 91/2 *101 27% v'-'-.Y- 27% 28 1 Gas 1,300 " *5'% : 1 " " 1,800 35% 57%, 57% . 38 900 2,000 ;> 37 37 38'% 371% :.. ' 9% 5,400 17% 37% ; 37% *6 210 52 17% 61/4 101% 2,000 . 14%. 15% 50% 14% 60 10 17'% 37% 1 /;>■:: :•■ 85'% 85 ... >;■> 50 15%' *5% —'— ':>•■ 12% 12% 17% 371% 10% 700 ;>>■';> 51 Cb_—No par % 17,500 "91 * 37% 00 • 48% 93% *90% 17% 51 3,300 • 48% • ' 17 . 94 • 1 17% Co 49 11 'A 26% 50%, *15'%- 151/4 > *50 50 240 11% 26Va ■ 16,300 > 83% • *90% >91 •94 *85% 83% - 367% 48% 93 86 *85'% ___ 8 7% 11% > IIV4 26% 48% v 913% *12% >13 >> 91% 12% 14% $15% ; 52 Vz 48% •93 " > 123% ♦91 84% 84 27 ; 77% 7% • 11% 26% 48% 93% *471/2 200 93 *87 ' 77% >> > o.oUO 108 104 Vs - 30,800 39 »/4 35% > 3,100 91/41 9 93 . 43% 42%' 391/4 105 *104'% . 340 112'% " f. 600 7,700 18% 18 112% ■•"."< 9'% *87 >73/4 26 7% 17% & - 9% v -9%' 43%: ' > >38% 93 > 11% 26% 100 • ■> 39% ■" 108 *87 5 Oil 1,300 53 *50" 18'% X9 —._• " ' U2%- 43 10% 54 preferred 6,000 • 112% ' 43 Seiberling Rubber Cb—__. Shamrock 4,300 - 18'% 112'% 11 >/4 17% common." . 10 9% 44% 54' & 300 19'A 24 18 Vs > 10% v 28,900 > *21% 23 21% *21 17% 53 »/4 26 *22% 23 53 17% *9% 8% 9 22% 21%" 22% 18 950 1,200 , > • 21% 1 Seeger Refrigerator $4.50 18% 51/4 24 21% of Del—L—No par Seaboard Oil ,Co Servfel Inc 191/4 5'/4 .310 17%. 17%' 17% 544% Finance Co——— Seagrave Corp Sears Roebuck 104% " 22% 53 9% 18% 5 -100 series A_2 preferred 5% Seaboard 89% 104% ——10 series A 5% Preferred *89i/a "26% *18% 51/4 *221/4 24 45 *43% 89% ' 19 ,v; 7,200 : Lead Joseph *9% - St'Louis Southwestern Ry 5 27 . 5 St L-San F Ry Co com v 11 4 Feb 5 313% r Jpn 7 891/2 Jan 12% Mar 35% t f Apr 20'% Feb 15% 53 No par __— Seaboard Alt! Line com v t c—No par 7 88 Dec 53 ■ : 35% 35 45 28 > 2,400 104% 18% 27 230 5% 104% . 181/4 8% 8% *17% 7 19. Jan 393% Mar 12 17% ,7 9% ' ' 17% Feb 25^ Jan 91 251/2 Mar I 1 18% Jan 6 ' 8% *22% 24 *22% t Co—100 5% non-cum preferred———100 St"Regis Paper Co common 5 1st pfd 4.40% series A_——-100 Savage Arms Corp-^ 5 SchenLey Industries Inc—J——1.75 Scott Paper Go common.—_No:par $3.40 preferred i No par Scovill Mfg Co 3.65% pfdl—__100 Scranton Elec Co (The) common—5 3.3b % 'preferred ———___100 Jan 8% 211/a 26 42% Jan 122 4 90 . . , 25 139% May 101 Jun 8% Royal Typewriter Ruberold Co (The)_ 3 10 x9 5% "22% •>. 423% Peb Jun 161/2 July Feb 323% Jun 113 Feb 393% ' 21'% Jan 104% 104 3,900 . ■89% *43 % 27% *18% 5»/4 22% ■' 16 % Jan 18% 51/4 2 >:-■•» - 2 6'A 18% 25 preferred- conv 89% 9,100 4% 104 *5% * : 3 V >' 25% ,_I 4%% 45 *89 ■ 25% 35% 18% 18% 26% Ronson Art Metal Wks Inc,— ,'a 3. 18% 191/4 "'5% 5'/4 *43% 89% / 5% Shares 20% 201/e *103 103 *5%; 5% 35% 104%' 104% 105 18'/4 5% 45 a 191/4 V Controls com__l Robertshaw-Fulton 7 7 18% 103 351/4 > 20% 20 1031/4 5% *43% *89 251/4 «;■ _No par J Feb * 51 May Dec Corp_— Antelope Copper Mines Jan 22 21 Nov 8% 54 Oil 45 89;,' 20% ■>;■ 1031/4 the Week pe. share 4% 4% 4% 5 20% 36 5 1/4 35% '•>!$ for Sales Friday Feb. IF Feb. 10/ S per share share '4% • >. 103'A 26i/8 ' Roan 5% 361% 5'/4 89 20 1031/4 1031/4 104% 105 4% 4% 191/4 36 t per S ap.r share v 4% 20 »/2 *431/2 45 89% 18% _No par 17% Feb 10 July >. 29% July 24% • - 105 Rheem Manufacturing Co— 17 V4 5% 89V8 t per share Feb. 9 ' Feb. 8 20% 1031/4 36% *431/2 —_100 series 104 36 • ; ' 4% 5 211/4 5% • -10 series-— "4.50% Preferred 13 *1031/4 - _100 —. _— Preferred 15% V —: -1 Reynolds Spring —______t._ Reynolds (R J) Tob class B —10 26 19% Jan 105 4 17 4% 2iy4 31 85% Jan I per share :__2.50 5 90* 34% Jan Jan 24% May Dec 17 7 Jun 103% Dec 3 5% Feb 94 • Par, 26 103% Feb Feb. 7 Thursday Wednesday Tuesday Monday Feb. 5 Reynolds Metals Co com—_ _No par 3%% convertible preferred —100 Rexall Drug 6 Jan 4 50 41 'A Dec •5%Jan 23 Jan 101 11% May Dec 80 Jan Saturday 4 $ per share i . 15 19% Feb-' 8 Apr 104% Dec 43 4% Jan May 29% Mar 92 J per share S per share Dec 19 Vi STOCK EXCHANGE Highest > PRICES SALE HIGH AND ' Lowest Highest YORK NEW Range Since Jan. 1 Year 1948 I per share LOW STOCKS Range for Previous Lowest Monday, February 14, 1949 CHRONICLE FINANCIAL & -68 *65% - t, Year 1948 t per share Dec 123/a Feb 4 4 Dec 63 Aug 22. Dec , ' 203% May 73% Jun 8 7% May 73 Jan 29% 30 7% Jan Jun 203% Feb 7% Dec 14 May 61'% Mar 74 May Feb 15% 21% Aug Nov 95 Lowest Highest $ per share 237% May Jan 29i% Jan 104 EXCHANGE 13% Jan 7 Spalding 5 6i/8 Jan 7 4'% Jan 68 21 Jan Feb 3 24 7 Jan 7 69% Jan .'<• 31 5 241/4 Jan 7 $5.5o preferred (The) 1 Spiegel Inc common _'___2 Conv $4.50* preferred—_—No par 141/2 Feb 7 16% Jan 7 Squar" D Co 23% Feb 101 Jan 5 4 26% Jan 103 Jan 21% Jan 7 4" 20 17 10 28 83% Jan 20 881/2 Jan 3 251/4 Jan 19 13 8 Standards Brands Oct 3 Jan 4 120 563/8 Feb 11 98% Jan 109 $3.50 com—No par Inc —No par preferred Standard G & E Co $4 pref_.No par $6 prior $7 prior No par No par preferred preferred Standard Oil of California—No par 53 Jun 36'% Feb 3 411/4 Jan 7 Standard Feb 927/a jun 65% Feb 7 74 y4 Jan; 7 Standard Oil of New Jersey 233% Nov 35 Jun 23% Feb 8 26% Jan 7 Standard 89 Oct 973% Jun 97 4 Jan 22 11% Feb 153% Oct 14'% Jan Jan 4 38 Feb 431/2 May 42 Jan >3 36% Nov 41% May 31 Vs Feb 9 99 161/4 Jan Jan 24 38% Jan 7 44 ., 11% Mar 15% May 10% Feb 5 13 Jan 18 391/4 Jun 35% Jan 3 38'/a Jan 20 Jun Feb 97 Jan 2T 23% Dec 36% May 241/4 Jan 3 27% Jan 7< 12'/a Feb 16% May 12 % Feb 10 14% Jan 7 88 94 Jan 6 100 Dec 18 Jan 91/3 Jan 3 10% Jan 25 15 Dec 20 Jan 15'/4 Jan 4 Jan 18i/a July 13 Feb 7 16% Jan 14% Jan 26 11% 91% 7 29'/4 Jun 16% Feb 10 21% Jan 7 6% Nov lli/e Jan 6% Feb 7 7% Jan 18 911% Dec 98% May Jan 8 Jan 26 16% Mar 90 92 Jan 3 113% Jan Jan 17 117% Jan 26 9% Feb 15% May 9% Feb 5 11% Jan 8 17% Dec 2iy2 Jun 16% Feb 8 17% Jan 13 18% Dec 26% Jun 17% Feb 11 19% Jan 7 43 36% Feb 10 40% Jan- 13 50% Mar 34% Mar 9 Dec 140 Mar 13% 31 T July July 11% Mar 235 Jun 19% Jun Dec 81/4 ;■ Dec 70% Nov 120- 441% Jun Nov 16% Jan For footnotes see j>age 52% Feb 117 8% Feb 10 7 Feb 7 12% Feb 7 145 32%' Jan 4 8% Feb 10 24, 60 9% Jan 6s Jan 11 14% Jan 12 168 Jan 7 9% Jan 5 36 3%% Oil - 4% Ohio common—10 of 11 •;>> iper share 12 Va 111/4 11% 43/4 41% *4% 1 per share , • 11 1/4 11% IIV4 11% ll'/s 2,100 4% 4% 4% 4% 4V2 2,200 4% *4% 4% *4% 4% 14 5% 23 5% *102'% Chemical 4%% 4%% 14% 25'% 251/4 7% 77% 73/4 8 ;» / 14% 14% 143/4 3,700 *233/4 24'% 24% 241/4 24 24 1,000 101% 101% *101% 102% 102 102 14% 14% 24 . 102 . 18'% 18% I8V4 187% 84% 85% 853/4 *84% 853/4 18% V 19 ;/ 85% 853/4 22 21 21% 213% 22'% 211/4 *100 105 100 100 110 114 110% 110% 18 183% - " ' 84% *84% 84% 22% >20s% 21% 106'% 106 114 114 -• *102 X56% 373/4 36% 112 112'% 113 113% 66 5% 67% 65% 67'% 66 66% 233% 24'% 233% 24; 235% 24 - 567% 36% 98% 15 50 42 42% 42 42 35 35 *34% *98 141/2 *41'% 35% 105% 10 3% 11 11 36 3% 37 363% 37 33 >96 99 *11 37'% .. 98 26 3% 26% 263/s 12% 12% 12% 9% 9 3/4 91/2 b / 00 233% 24'% 98 250 16,800 500 1112'% 36% ' 14% 98% *97% 14% 14% 143/4 14'% 42 v. *41'% 32 *31% 42 .341% 11'% 37% *41% 31'% *11 37% . 11'% 3d- . :. *11 42 ..." 99 >26% 26% 26% 12% 127% 121%'; >>91/4 9'% 93% 32 >; 373/4, 200 7,500 263% 267% 12'% ■ 12% 2,600 :9'% 9'% 3,300 16 16 16'% 16 16 16% 16 3% 16 16 13 13i% 13 13i% 13 13'% 13 13 13 1 17% 17% 17'% 179B 17'% 17% 16% 17'% 16% >v 600 13 17% 16 7% common.. pfd Inc of California Superior Steel Corp Paper Co Sweets Co of America (The) 1 6 3% ' 6% *92 93% ..No par *52 s% •53 100 1 25 25 —12.50 :__10c *117% No par 25 50 10 4.16% 118% 9% 10 *173/4 18 177% *38 8 5% 150 133% *34 83% 6% *92 52% *1173/8 93% *161% >16 % 118% 6% 6% 6% 93% *92% 93% 523/4 52% 52% 52'% 52'% 521% 521% *1173% 1183% 117% 117% *117% 118% *117% 1183% 10 97% 23,800 • 61/2 *92 10 9% 17 16% 63% 93% 10 163i 6% *92 97% 16% 6% 93% 10 163% 6% *92 9% *16% 10 177% 177% 16'% 18 18% 18% 18% 18 39 36s% 38 36% 367% *367% 377% 36% 37 8% 8% 8% 8% *8% 145'% 145i% 83% 150 8% 145 87% 146 13% 12% 34 34 *12% 13 34%. 8 7/« 8% 4,000 30,000 523/4 63% 93'/2 53 16% 18'% 17 500 9,300 97 13% common—.-. Biscuits 500 >./. tl'% 121/2 9% 600 42 11% "*96 26% 12% / ., 11'% lli% 98 91% 200 9,600 *41 '/a v 377% 26% i>98 8,800 14% *31% 12% 99 44,000 v 98% 141/4 33 93% 93/t /■ 16,100 21,700 *97% 37% >. 2,400 - " >"■ 24' 237% r 37 66'% 65% 98 98 '/a 13)600 22% 563% V 57'% • V2 24'% , 26% 26% 12 3% 24'% t 6'8 67'% 98 *96 "" 98 > . 853/4 *111 37 5% • • ■ 101'% 85% 4 36% 20 18'/a 21'% 57% 373% 58 -57'% 37 38'% . 101% 101 • 60% x36% 61 > ... xl8'% . 22'% 101 104 57% 59% ,38% 60 3.40 68 14% 68 V4 *1013% 68 68% 15 673/4 24 102 3/i 6,300 73% 7% >v8- ;>•/> 7% 251/4 25% 67 67% 14'% -147% *23V4 .-24. 102'% '• 7% 25% 25'/a 253/4 251% 67 69 1,600 5,300 16% Sunshine Mining Co Superior Oil 7% 20 21 '.-y;; 21 26 100 •70 *67% '• 21% 13'% preferred series A preferred series B Sutherland 25% *67%; 21% 16 Sunray Oil Corp common Sunshine 21'% » 71 *69 701/2 *21% 14% (The) Corp Class A 4% % -18'% *68% 2i'/8 > -—No par $4.50 series A preferred Sun Oil Co 18 70% 21% *97'% Inc Stone & Webster Studebaker Corp 102% *68% 15% Sterling Drug Inc common 3%% preferred : Sun 233% 69% 21'% 98% 1 5 :—100 Stevens (J P) & Co Inc —15 Stewart-Warner Corp 5 Stokley-Van Camp Inc common—1 5% prior preferred 20 Stores Bros 15 69% No par Starrett Co (The) L S Sterchi 8 693% .. Shares 4% • 21 14% preferred— convertible 25'% 77% 681% for the Week $ per f hare *4% 4% 5 , 1 per share 11% 4% *96'% 100 Steei Spring common—_1 preferred series A__ Standard 18 32% Mar • 25 25 Indiana of Oil Feb 69»% 367% .22 25% V :: Squibb (E R) & Sons common $4 preferred No par 13 Jan 67% Jan Oct Jun 109% Jan 22 5 1 : 70% *69 Sperry Corp '6 18'% Jan 73' Sons Spencer Kellogg & 4% :. No par —_—1 ,—: 3 8% Feb 17% Jan 121 1 Spear & Co common Feb 27% Jan Jun 1097% 43% *4% 70 3 Jun Feb 4% 5 8 71/2 Jan 91'/2 Jan 4% Jan 25'% Feb 64 27% May Feb 12 1/4 4i% Sales Feb. 11 • Feb-. 10 Feb. 9 " 291/2 541/2 *12'% .;>>> Friday Thursday Wednesday Feb. 8 $ per share 1 No par Sparks Withington.,— Oct 97% Feb. 7 I per share Par 7 HIGH SALE PRICES Tuesday Monday Feb. 5 (A G) & Bros Inc Feb 4% Feb Nov 86 Saturday « $ per share $ per share 11 17% Dec ' STOCK NEW YORK Highest » 79% 19% LOW AND STOCKS Range for Previous Lowest : 8% 34 *8% 13'% 34 8 34 150 *127% 34 *8% 150 133% 34 8% *149 *127% 34 83% 8% 150 93/4 3,200 3,300 17 '*16% *36% 157'% 8% 8% *144% 1473% 1,100 173% 3,300 18 1,400 ' 4,100 600 13 127% 127% 800 34 34% 34% 600 *8% 81/2 700 8% Volume 169 Number 4777 COMMERCIAL THE NEW •>.< * Range for Previous 28 'A Range Since Jan. 1 Lowest Highest I per share $ per share Dec NEW Highest 36% Jan 28% Jan 4 32% Jan 22 Jan 8% Jan 3 11'A Jan 8 Feb 2§ 20% Feb 7 24% Jan 7 79 Dec Jun 91 Aug '7% May 82 Jan 7 88% Feb 4 4% Feb 8 5 'A Jan 7 Swift & 3% ■"11% May 52 Nov 15'A Nov 10% 21 20% 20% 88% 86% 87% 87 87 4% 4% 4% $4 Ltd preferred ^_No par Gould 10% Feb 2 Talcott Inc 4'A Jan 7 Telautograph 17% Jan 7 Tennessee 67 49 55 Feb 10 13'A Feb 5 Corp 7 Texas Texas Gulf 9 71 'A July 58 Jan 4 61% Jan 7 Texas Gulf 25 18% Feb 11 23 7A Jan 7 Texas Pacific Coal Texas Pacific Land Feb 48 'A Dec 40 3 Texas 10% Dec 65% May 20% May 9% Feb 8 11'A Jan 7 Textron xl4% Dec 24 14% Feb 9 15% Jan 22 5% May 7 May Feb 43'A Jan 8- 33% Feb 46 7 Jan Sub share & 14 14'A 11,000 58% 58% 4,700 19 18% 18% 34% 35% 33% 35V'8 33% 34 33% 34% 34 34% 34% 35 , 11 Jan 6 Thomas 8% Feb 1 Thompson Thompson 39% Feb 59 % May 85 Feb 95'A 8 Jun 1% Mar 4'A 19% Mar 19% 95% Mar Dec 10 45% Jan 11 89 5 7 Jan 13 9 3% Jan 11 29'A Jan Feb 431/2 43% 42 41 41% 41% 40% 40% 40 40 1,200 10'A 10% 10'/a 10% 9% 10'/8 10 % 10% 10 '/a 10% 10% 10% 6,300 14% 14% 14% 14% 14% 14% 14% 14% 14% 14% 14% 14% 1,100 5% 5% *5% 5% 1,700 *26 'A 2 7'A 26% 26% *13 13'A 11 Jan 3 104'A Jan 16% Feb 11 20% Feb 39% Jan" 4 19 100 Detroit 4 Timken Roller Dec 13% Jan 10 Jan Nov 22% Mar 10 Jan4 15'A Nov 23 3A Apr 15% Jan 19 10"% May 107% July 6% Feb 11 7% Jan 7 98% Feb 10 102% Jan 4 Feb 7 15>A Jan 13 19% Jan 3 21 34 5'A Feb 96 Nov 12'A Mar 19% 17% July 25% Mar 12 Aug 11'A Jan 13 7 Jan 20 16% Feb 4 Jan 6 Truax-Taraer 20th Dec 36% Jan 32% Jan 6 92 Jan 100% Jun 98% Jan 13 99% Feb 2 4% Jan 3 6% Jan 25 Jun 8% May 32% Jan Feb 11 27% •Jan 24 5% Dec 14'A 5 % Feb .11 6% Jan 7 Twin Dec 24 5% 25 Jan 18 Jan 6'/a 6% 19% 19'A 5% *26% 13% 13 ■" : 35% 5% 6 5% *35% 5% > 26% 13 *13 200 13% 200 2,900 5% 5% 5% 5% *35% 36% 36% *35% 36'% 10 5% 5% 2,200 18% 18% 900 43% 41% 88'A *87'A 3 10 com. 22 ; 5 conv preferred--" preferred No par preferred &2% 2% 22% 2% 25% 50 2% 2,900 24 24 ; 22,700 "500 20% 21% 103% 103% '450 16% 16% 7.100 42 42% 41% 42% 41% 42 41% 42% 3,700 10% 10 10% 10% 10% 10% 10% 9,900 10% 11% 11% 11 11 3,100 10% 10 10% 10% 11% 10% 17 16 16 ■ 10 11% 6% 104 * 17 *15'A 6% 100 104 11% *15% 6 % 6% 99% 10% 16% '"6% 99% 100 22% 104 17 *15% 6% l'OO •21% 104 98% 15% *15 100 24,100 6% 6% 99 98% 98 % 6% 190 12% 12 12% 12 12% 12% 12% 12'A 12% 12% 12% 6,000 20'A 19% 20'A 19% 19% 19% 20% 19% 19% 19% 19% 10,600 33 % 33% 100 ,6 6 6 27 26 26 33 6 *25% 1 * 331/4 331/4 *99 par '—50 : 2% *24 12% No par prior 3 25% 20 com—No par City Rap Transit com__No 100 2,400 88% 17% 10% 6%" 8% 40'A *87iA •16% 10 100 *8 39% 87% 17% 43 6% 8% 40% 87% 16% 42% 100% *8'A 40 16% 42% 6% 8% 19 88 2% 104 16% 100'A 5% *18% 41% *24% 22% 104 17 1 . 22% 104 16% *16 *8" 40% 3 17% No par common-. 22'A. 5% 19 *87'A 25 42'A 2 8% 41% 25 17 :„No par : 22 104 104 i;: 19 88 *2% 25% 24% 22% 103% 8% 3 3 3'/8 2'6 26 8% *8% 5% .5 % 19'A 43% 5 Corp 6 % *19 *87'A Corp Co 6'A 19% 8% No par Bearing prior 5% 26% *13 6 35% 8 81/2 $4.50 cmv 37 *351/2 43% __No par Coal Co Coach 37% 5'A 26% 13 ; *8% $1.50 Twin 6 % 5% 26% . 42% com__No par Century Fox Film 31% 4% Co preferred- 6% 6 6'/8 Transcont'l & Western Air Inc 5 Transue & Williams Steel—No par $6 13 *87 'A Axle Tri-Continental *5% 26% 13% 100 preferred—' Transamerica 5% 26% No par com ; Tide Water Associated Oil $3.75 5% *19'A 15 preferred™ cum '■< ' ; Products 40 26% *13 6 *35% 50 Corp__No par (The) 1 Co (J R) Timken 9% 19 Steel 8 Feb prefeired- preferred Thompson-Starrett $3.50 6 l Transit 10 Jan 43 > common... 4% 8 8 25% Jan 103 , 21 2% Feb 24 3?% Jun 104% July 23% May 55 May Jan 17 40 39% Feb " Jan Nov 20 3, 86 Jan 31'A Feb Jan 8,200 15,800 50c — 42 , . No par Thermoid 18% Feb 26,400 14% 19 Jan 500 49'A 49 59 6% Jan Jun 49% % 11 10% 49 13% 5 'A Feb 24 50% 18% Dec Oct 49% 58 5'A Apr 50 14% Thatcher Glass Mfg Co common 5 $2.40 conv preference^ No par The Fair —: : No par 7% 49% 19% 11 19 50% 1,500 59% Ry Co__ conv 491/4 700 ■ 4 16 Vs 14% 26 div 49% 10% 3% *15% Trust— preferred Avenue 16'A" 4 58% Jan $2% 4% 16 , Xl8% Jan Third 10 'A 10% *4 16% ■ 14'A 13 7 , 16% 4'/e 19 'A 29 8 • 16% 59% 7 7% Jan < 4 16'/a •4 13% 3 37% Jan *10 16% 18% 5 3 10'/a 16 1/8 4 5 9 '/a 5 % Feb 11 10% 4'A 16'A 14% 12% Jan 5%'Feb 10% *3% 16% 19 26'A Jan 35'A Jan 3,700 59% Jan Jan 140 4% 18% Jan Apr 4% 13% 14 % 13'/8 10% 87 ••88 4% 59 15% May 10% May 47% 6,700 13% 46'A Dec 15,500 2i% 19 Dec Dec 4% 10% 3,000 •9% 78 60% Dec 6% 87 *8* 4% 29% 9% 2l -,a 18% Apr 34% 87 4% 29 % 9% 21 13'A common Co 30 9% >2xV|b 59% 12% 8 *86 4'A 2°% 9% 21% 20% Shares i 25'A 6% Jan 29% 9 10% 49% 1 Pacific conv 29% 29% 9 fo» tbe Week 10 Oil & ctfs Inc $1.25 29% Sales Feb. 11 J per share No par Producing Sulphur Feb *10% 10% 4 . —25 : Nov 45% 10% 5 5 19 29 29% Friday Feb. 10 • Corp 47 Oct 4% 29% Thursday I per share 1< ;. (James) Co 7 . 29% *87 1 Corp 17% Jan Jan J per share 10% 3 -Jun $ per share 20% 10 25% May $ per share t per share 11 Feb 8 Feb. !> 21 Symington PRICES SALE Wednesday 103A 3% Jan 10% Feb Jun HIGH Feb. H Tuesday 20% 16 5% • AND Feb. 7 29% ,19% May Dec 14% Mar LOW Monday Feb. 5 25 International T • RECORD Saturday , Co (719) Sylvania Elec Prod Inc com—No par Swift > CHRONICLE . ' Par 25 Dec 9 'A Mar STOCK z-;."-' STOCK $ per share $ per share 8% : YORK FINANCIAL EXCHANGE 17'A 4% Mar YORK STOCKS Year 194X Lowest & 6 *99 Va 100 *33 34 *5% *33 34 *99% 100 6% 251% 5% *6 *25 25% :*&& 5% 5% *99% *6 6,% *25 5% 33 34% 100 *99% 6'A *25 5% 5% 6 i *991% 100 25% - • 5% 33 5% 600 25 25 5% 600 100 5% 5% 140 5'% 3,100 U 9% Dec 39 ■12 Jan 8% Feb 7 9% Jan 6 Udylite Corp (The )i—i__; Underwood Corp ; 8% 8% 9 8% 8% 2,000 No par 42 42 41% 41% 41 41% 41 41% 42 42 41% 421% 2,100 5 11 11% *10% 10% 10% 10% 10% 10% 10% 11 10% 10% Bag & Paper No par 29 29'A 27% 28% 27% 28'A 27% 28% 28 28% 27% Carbide 28'A 8,300 No'pai 38 'A 38% 37% 38'A 37% 37% 37% 37 37% 36% 37% 34,000 109% 110 % *109% IIO1/2 110% Dec 59'A Jun 40 Jan 3 46 9% Mar 16'A Jun 10% Feb 8 12% Jan T Union Asbestos 27% Feb 7 31% Jan 7 Union 42 7 Union 27% Feb 37% Nov 39% May 43'A Nov Jan 12 36% Feb 11 103' Oct 110 Jun 107 Jan 6 91 Feb 98 Jun 94 Jan 13 80 Nov 90 Jan 86% Jan 7 90'A Feb 2' 38% July 25% Feb 11 30'A Jan 7 Union Oil 96 % 82% Feb 10 89'A Jan 21 Union Pacific 21% Feb 79% Nov • July Jan 110% Jan 94 11 Jan & & Un El Co of Mo Rubber Carbon pfd $4.50 $3.70 series $3.50 series —NO par 50% 51% 51% 51% 50% 50% 51 51 36% 351/4 36 35% 35% 35 35 *34% 22% 22% 22% 22% 22 y2 22% 22% 43 22% *107'A 108% 108 *1071/4 Aircraft 5% convertible Jan 18 9% Nov 19 Va Apr 10% Jan 5 13% Jan 21 57% Nov 3 68'A Feb Jan 9Q 'A Mar 28 Va Oct 61% Jan 19 19% Feb 8 22% Jan 26 •'5 Feb 9. 6'A Dec 15'A Jan 27% Feb 38% Dec Feb 36 29 2% Nov 41 Dec , 33 12' Feb 10 July 29% Jan 3 2% Feb 9 3 'A Jan 7 41'A Feb 10 38% Jan ' 18 30% Jan 28 Air 4%% Corp Lines Biscuit United Board United preferred— 17 2% Feb 2 1 May 4% Feb 8 5% Jan 62'A Jan 3 65 Jan 7 preference United Dyewood Corp 7% preferred 18'A Feb 7 22% Jan 3 United 36% Feb 20 4% Feb 9 82'A 7: 11% 68% *66% 69 *20 21 20% 20% 19% 20 % *19% 20% 5% 5% common Feb 28% Apr JUn Jan f 46% Jun 10 39'A Jan United 48 Feb Engineering & Foundry.: < .58% May 50 Feb 11 52"% Jan 6 United Fruit 18% Dec 23 18% Feb 11 19% Jan 7 United Gas Feb 11 Dec ?21% May 11 12% Jan 7 United Coal 43% & 33% 33% *28 31% 2% 2% 42% -43 'A *42% 2 % 2% 2% 43% 43% 43% 1 *4% 5% 4% 4 7/8 *62 100 Mfrs 19% 64% *62 19% * : 33 5% 33% 31% 2%; *4% ; 2,600 2% ; 10,600 41% ' 31- *40% 2 % 2% *62 18% *T8Vi 18% 6,600 4% *62 ; 230 32,000 43 *4% 64 18% 2% 43 5 63% 18% 4,400 33% 2% 41% 1,800 5% 33'/e 43% . 300 20 . *28 2% 2% 43 4% *63 5% *29 43'% *4% 64 % . 18% 19 18% 1,000 14,700 200 64 18 % 18% 36% 36% <•1,600 37% 11% 37% 37% 37% 37% 371/4 37% 36% 37 VA 51% 51 'A *19 1 *4% *62 108 50% 51% 50% 51 50% 50% 50% .50% 50 50% 19% *371/4 5 _No par Inc 64 % -18% 8,700 20 • 5 41 % 42'/a 2% 43% 5 . 42% 43 'A 2% 1,100 23% 68% 2% 43% 2,200 35 11% 2% 2% 51 11'A 31% 44% 51 *66% 2% 2'A 5,800 67 20 34 8,400 83% 11% *28% 2% 26 82% 11% ■v 60 251% 1 67 / / 5% 34 31 2% 11% , '43% Cos———5 i'_: & 34 33% *29 2% 5 5 Improvement Co—13% Merch 34 42% 6 io 5% 32 2% 11 1 ; 16% 11% 34 .' *29 par • 6 *5% 10 com—30c common Co 108 11% *66% 37% May 108 11% 66% $3 Electrifc 107% 11 66% $3.50 convertible preferred—100 United Corp *107'A 108 11% 67 No par 44% Feb 2'A Jan 41 108% 11% 67 Corp„No Stores 44'A Jan 47% May *107% 10 Corp__ Co Fastener 3 3% May Dec 23 22% No par Carton Cig-Whelan 36 100 common- Co & Carbon United-Carr 51% 5 100 common- Inc 3 Feb :__50 No par preferred United Unite preferred Car Jan 2% Dec ■7% Jan non-cum United 4 5% July if)5 • Jan *39% 60 ' 83% 36'A United 24% Jan 108 26% 82% 51% 7 7 26'A 83% •36'A Union •8 27 83 82% 21 Feb 26% .26% 82% 5 Jan 89% 26'A com 90 97 *88% 83 Co 1,600 IIO1/2 *93 89% 27'A 51% Feb 22 % *109% 97 *88% 26% 36% Jan 107 110% *93 89 821/4 3 Jun *109% 97 89 84% 15 30% May 110% *93 v 27% 48'A Jan 110% 90 27% 34% Jan • 97 *88% 83 51% July Dec *93 89% 50 4i% Jun Nov 97 89 3A 89% ,38 25 Sep Tank *93 97 89% *8% RR Jan 4% *93 9 California-— of 31% 22% *110% 111 No par Preferred 9% 9'A No par ser Preferred 13 45% 103 y4 .A—1 Co 19 19% *18% 19 19 19 19 19 18% i8% 1,400 11% 11% 11% 11% 11'A 11% 11'A 11% 11 11 Va 9,300 11% 1,000 • 11,400 " Range for Previous I per share 16% Feb 89 Feb 15% Feb 92% Feb 166% Nov 8 Dec 54% Dec 19'A Dec;', 4% Dec 17% Dec 11% Sep Range Since Jan. 1 Lowest. Highest t per share $ per share YORK LOW AND HIGH SALE STOCK Saturday S per share Par: 18% Feb 11 23 Jan 7 95% Jan 4 97 Jan 14 16 Feb 8 17% Jan 8 U S 1st preferred Freight Co 97 Feb 11 104 'A Jan 20 U S Gypsum Co Feb 2 113% 179 Jun Jun .175 ,17 % May V/76 ; Jan 10 7% Jan 4 178 ;8% Jah 24 Jun 42% 8% 53% Jan 57 Jan 19% Feb 21% Jan 21'A Jan 4% Jan 17% Jan 21 Jan 11% Jan 13% Jan 7% Dec 9% May Feb .53»/4 July Jan .58 22% Dec 37% May 86 Dec 37% Dec 71/4 Jan 43 5'A Jan 19 U S & Jari 7 14 7% U S Feb. 7 No par Leather U Lines S 41/2% 7% Jan 26 99% 100'A 100 176% 176 Vs Co 5 8 8 *55% No par 19% 100 2,400 1 13'A 13% 13 13% 13 13'A 13 13% 12% 13 'A 13 13'A 6,900 10 *7% 88 % Feb - 7% , 461/4 61 22% 7% *7% 44 19% 4% • *7% 43 19% v *4 - 59% 21% 21% Nov 58% Jun 63% Dec 72 Apr 87% Oct 67% Mar 129% Mar 39% Feb 7 '64% Jan 13 69 Jan 3 78% Jan 27 135 , 140% Jan 26 45% Jan 12 Feb 10 70 140% Jun Jan 5 17% Feb 19% Jan 18% Jan 4 21 37 Nov 42% May 38% Jan 3 43 Feb 4'A Mar 6% May 4% Jan 25 5 Jan 12% May 8% Jan 3 8% Dec 85% Dec 98'% Jun 83% Feb Dec 6'A Jun 2% Jan 4 3 100 *86 10 39 Vs preferred—100 *128% 88 40 129% 87'A *85'A *85% 38% 39% 38 % 127% 128'A 127% *851/2' *39 $6 Dec 34 Jan 21 Feb 8 16 Feb 20 Jun 15% Feb 11 17% Jan 7 4'A Feb 11 5% Jan 10 17 x20% Jan Mar 19 Feb Feb 150 10% 23'% 17d Jun Jun 19% Jan 42 May 160 Jan 15 Dec 15% May 7 Feb 10 Dec 71/4 70 May 43% Jan 3 Oct 22'A Jan 24 10 Feb 1 8'A Jan 17 48 Jan 27 24 Jan 7 165 4% Co 8 7'A 87 'A 100 39'A ,8,700 39 39% 128'A •' t • 38% 128 39% 128% 38% 128 300 2,500 128 590 1 401/4 40% 69 '69'A 69'A 70 70 71% 73'A 71% 72% 711/8 71% 71% 72% 71% '.721/8 70% 71% 137% ' 20 % 137% 20% 137% 137% 136'A 137'A 136V4 136% 136'A 136'A 135% 135% 1,400 20% 20% 20% 20% 4,200 43% 43 43 25 *43 1 No.par common 2 50 43% 3% *21 3% 22 4% Tobacco com_No par —100 Inc com preferred 1 100 20% -4% *4% ■'4% 4% 85 20% *163^ 20% 168 *69V4 43 *8% 4% Pictures Co 20% 43 9 % 1 preferred 20'A 43 4% Universal Laboratories Inc 20% 9% *81T 40'A 9 *80 *79 ' 3 '••••' *21 • 16'/B *4%- 3'/a 20% *43 • '84 . 42% 69% •70 *4 % 8% 8% 84 411/4 41'A • 43 *4% ' 16% 4'A% 87% 41 No par com Paper Inc preferred Leaf 87% 39% 16'/a 8% 87'A - 69 1 Universal 21'A 41'A Universal-Cyclops Steel Corp Universal 21 No par common preferred conv 21% 59 69 preferred Stockyards Corp conv 21% *58% 41'A non-cum United Wall Jan 2,400 59 128 * 128'A ' 7% 45 59 22 22 87% 1,900 68% preferred Tobacco *7'A 45 19% 100 Steel Corp 7% U S 45% * 50 United Stores $4.20 non-c 2d pfd—5 A 22 4 S 7% *7% A 44 % ""'60 19% 5o com preferred 7% 85% Jan 4 U 7% 4% ' common Smelting Ref & Min 7% United 9% Jan 4 2% Feb U S 19% *4% 45% 45'A *58 " 19% 19% *7 % 44% 59 "" 22% 21% - 7% 46% 61 • *591/4 - <*1 371/4 2,300 . 4% 22"% 1st 190 •8% 58 18 'A 1 non-cum 175 4 'A U 8% 8 *55 18'A 7 21 175 8 58 • 18% 251/2 Feb Jan 175 8 *55 18 11 133 175 8% 58 4% Feb 4 • 18% common Co 176 A '/2 preferred Rubber *8 *55 18% Pipe & Foundry.. Playing Card Co— S Plywood Corp common 3%% pfd series A S *175 8 58 ■ 4,900 18'A *59'A U 175 8 *55 130 500 98% 18% *46 1 175 8 58 97 19% 10 26 99% 13,400 17 •*4% 20 Jan 99 100 99% . " 176 7% *55 100 19% 97 4% S 43 99% 18% 97 *16% 19% U S Z *175 T 16'A 18'A 4 7 100% 19% 98 16 1/4 19% 28 7 7 18% *96% 10 18'A % Jan Jan 19% 96% 16 Shares *4% 59% Feb 38% Feb 19% 96 34 16% for the Week 4% 8 123% Jan ■ 19% 97 16 Sales share 18% 87 May 49% May 137% Jan 19% 96% $ per 19% 21 '94 19% Friday Feb. 11 4% 12 U Feb. 10 I per share 18'A - Feb 49 Thursday S per share No par _No par common class A 52% Jan July 58 4 per share < 17 99% com PRICES Wednesday ' ; Feb. !) Feb. 8 97 *16% 100 U Co 19% ,97 16% 20 Industrial Chemicals conv 98 16% common U S S 201/2 19 % *96% • Tuesday $ per share No par preferred Partic & , tpershare No par preferred Hoffman Machinery 4Va% 21 29 Foreign Securities $4.50 Jan 27 Jan .36 Monday Feb. 5 EXCHANGE Jun 24'A May 49 Dec NEW Highest . 32% May 101 39% 121 'STOCKS 7' Year 1948 Lowest 4% 8% 8% *79 ' *79 84 42% 20% *43 42% 4,800 1,100 51,200 150 43% 4% *4% 8% 70 ; *4% 4% 100 8% 8% 8% 1,600 84 *78 83% ' 3% 3% 3 3% 3 3'/a *20 22'A *21 22% *21 22% 16'A 15% 15% *15% 15% 16 4% *41/8 4% *4-'A 4% 22 ' 21" 20'A 20'A 162% 162% *20% '*160 71/8 71/4 7% 3% 3.1/8 -21 201/4 20 " *160 164 4% 20% 20'/a 164 *159 16 4% 20'A 162 4,400 100 15% 15V2 800 41/4 4% 1,100 20% 161 20% 800 161 20 ' 7% *471 71/4 47'A 47 .' 47 *46 ■ 7% 7'A 46% 7.1/4 *46 46% 20 20% 7A 46 7'A 46 *7% *43% 7% 45 - 3,000 40 V 14% Feb 27% 19% Feb 11 9% Dec 151/2 May 9% Jan 3 21% Feb 26"% May 22% Jan 3 ' 24 Jan 27 12'A July 15'A May 11% Feb 11 r 13% Jan 6 19'A 29'A 20 Jan 3 ' 22 Jan 87 Jan 6 89 Feb 10 85'A Jan 5 90 Feb Dec 85% Dec 94 86 Feb 95 For footnotes Jan May , Jun./ see page 24. - 11% Jan 20 26 1 Vanadium Corp of America—No par Van Norman Co 2.50 Van Raalte Co Inc 10 Vertientes-Camaguey Sugar Vick Chemical Co 19% 20'A 19% *10% 11 10% *22% 23 *22% 20'A 19% 20 10% 10% 22% 22% Co__6% 12% 12% 11% 12'A 11% 12 2.50 20% 21 20'A 21'A 21 Vicks Shreve & Pacific Ry com_100 5% non-cum preferred,. 100 * 10% 23 10 %- *22% 20 20% 10% *10% 10% 23 *22% 23 19% 10% *22% 11 % 11% 11% 11% 21 21 21% 21% 21% *21 - 11% 19% 10'A 23 2,500 400 400 11% 3,100 21 'A 1,100 *89 93 *89 93 *89 93 *89 93 89 89 *87 89 *89 93 *89 93 *89 93 *89 93 *89 92 *88 92 20 23 !* S 24 ' ' ' J' . (720) ■ < ' . if*rft * 'I fl • 1 H'"' tnr'\ ' V,> / '* '■• • " '* • '< * NEW Year194K • per share 32% t per share Dec 85 Oct 48 % f per Jun 91 Apr 147/b July 38V» Jan 7 Jan Jan 93 11'A Jan 24 3 3 Jun 117 Va Feb 9 Jan 117 Va 118 6% div com—No par partic preferred— <'102 10 100 lg 117 5 Jun 14 Hi Jan 3 20 Jan 19 Va Iron Coal & pfd 25 28 V* Dec 38% May 30% Jan 4 32 % Jan 12 Virginian Ry Co common 6% preferred— Visking Corp (The) Vulcan Detinning Co common 25 25 Nov 34% May 30 'A Jan 3 32% Jan 39 'A Apr 25% Jan 4 27 Va Jan U 32 Va Jan 25 Jan 3 27 Jan . 8 Dec Dec 13 7% 13 Jan 31 ' " ' . * ( Coke 4% 20 Apr 32Hi Jan 30 Va Jan 24 57 Va Aug 66 Jan 58 Feb 7 60% Jan 28 Wabash RR 4%% 12% Dec 15% Jan 12% Jan 4 13 Va Jan Waldorf System fl * , , *116% 117% 117% 117% 700 117% 16,000 16%- 16 % 290 117% 190 20 *19 20 31% *30% 31% 1,100 32 *31% 32 2,100 31% 31 31% *30% 31% 31% 31% 31% *25% 26% *25% 26% *25% 26% 200 25% 25% *31 *25 26 *25 26 *25 26 100 *30 31 *30 31 *30 31 *57 Va 31 31'/a 31% 26 26 251/4 25% *25 31 *30 31 58% *57% *29% 5,800 105 104 117 % 19% 1,700 , ./ 9% 8% , 16% 117% 19% *19 31% 3i 106 16% 16% 117% 20 *103% 105 16 117% 9 Shares 96 *93% 96 8% 9% 105 16% *19 20 *19 9% 108 16 16% *93% 96 the Week 34 33 Hi 35% 35 Va 35% 9 for Sales Friday t per share t per share share I per 35% *93% 26 * *23% 'l Feb. 11 Feb. 10 Feb.!) 31% 31% 27 26 * '*1 , Thursday Wednesday 95% 8% *105 106 15% 20 31% 31% <-26 5 20 preferred 29 16% 117 » HIGH 8ALB PRICES 36% *93 9% 8% *103% 108 ' Monday, February 14, 1949 $ per share 35% 35% 95% *93 95V2 9% 20 114'A Jan 23 35% 36% *93 9% 100 Dec 24% , Feb. 8 t per share I per share ' AND Feb. 7 com Virginia Elec & Pwr Co $5 preferred 15Vt 25% 'Vt„ ,, Tuesday Monday *35% 100 Va-Carolina Chemical 21 4 124% July 13% May Par preferred 3%% 21 Jan 16% Jan 8 % Jan Nov 'V^ •,-',"\i|1'. - RECORD LOW . 24 *f\ '*• ' •'l' ' *" V ' *■ 4.V W ' Feb. 5 Victor Chemical Works common—5 26 15'/a Jan Feb 14% 29% ' '' Saturday 1 per share 11 99 Va Jan 93 109 't ' STOCK EXCHANGE Highest share 23% Feb 96% 7 % Mar YORK STOCK YORK NEW Range Since Jan. 1 Lowest Highest 1 - STOCKS Rang e tor Previous Lowest '• ' \ THE COMMERCIAL & FINANCIAL CHRONICLE //'.. ....... 31% 25% W 100 % Jun 105 Apr x27% Feb 102 Hi Jan 19 27% May xl8% Mar 29% Jan 11 Aug 35% Dec 28 Jan 8 23 "Va Jan Co Walgreen 8 105 11 22 Va Feb 12 4% 100 100 (Hiram) G & W Walworth No par 7 13 Vt Feb 7 15'A Jan 21 Jun 92 'A Jan 24 94 Vi Feb 3 5%% 9% Nov 14 May 9% Jan 3 10% Jan 7 Warner Bros Jan 25% Feb 22% Jan 1 Warren Foundry & Pipe 18% Feb 7 Warren Petroleum 23% Feb 25 Jan 11 12% Feb 14 Jan 24 13% May Nov 32 xl9% Nov 34% May 20% Jan 12% Dec 27 Va Aug 20% May 22 16 Va 22 Va Jan , Dec 16 Va Feb 17 Jan 18 12% Jan 15% Jan 25 Wayne Wayne 3% Jan 4% Jan 22 Webster Sep 34 % Aug 20% Feb 27 Hi Jan 86 Va Jail 81% Jan 84 Va Jan 24 Feb 23 Va Jan 21 15 Hi Jan 7 26% May 13% $4 19% July 14% Jan Jun 109% Jan 12 110% Jan 7 Class 119 Va Jun 114 24 115% Jan 3 7% Apr Jan 13 6% 3 112'A Jan 24 West 106% Jan 28 108% Jan 26 100 preferred series B. West Virginia Coal <fc Coke—u 5 West Va Pulp & Paper com..No par 16% Apr 22% 51% Jun Feb 110% Jun 5% Dec 46 % 24 25 7 38% July 6% Jan 19 Western Air 3 39% Feb 9 Western 12 Va Jan 20 Western 9 29 Jan 12 Feb 24 11 4% 24 Jan 23'A Feb Dec 74% July 63 Jan 11 68 % Jan 26 Dec 26 15 Feb 4 16V4 Jan 8 Nov 58'A 15 29% May 30 Pacific Brake 39% Jun x30 V» Feb 11 34% Jan 7 Westinghouse Dec 33 % Jun 22% Feb 11 27 v Jan 7 95% Apr 93% Feb 11 97% Jan 28 Westinghouse Electric 3Vs% pfd series A Feb 101% Jun 99 Jan 7 101% Jan 26 91 Va 40% Dec 25 115 7 Feb 7 48% Jan bo'A Jan 22 89 V4 Jan 12 57% Oct 42 V4 83 Mar 92 Jan Feb 27% 13% Dec 24% May Feb 22 % July July Nov 28% Feb 9% x53 126 Aug 27% 31 % Feb ? Motor 18% Jan 3 White Sewing 53 'A Jan 5 54% Jan 21 8 30 Jan 12 $4 110% 114% 114% *114 103 Va 103% 104 111 111 111% 15 Hi 15% 38% 39 Va 39% *106% 108% *106% 108 % *106% 108% 10 108% 5 Hi 51/4 5 Hi 5% 5'A 2,500 38'A 38% 5,400 97/a 5,200 10% 26'A '*64 66 66% 15Va *22'A 25% 23% 64 64 15% 15 Hi 15 7 15 Hi 15 31'A 31% x30'A 22% 32 31% 32 31% 31 Hi 31% 24Hi 23%, 23 Hi 23% 23% 23% 23% 22%. *23% 97 96'A 96% 95 96% 95% 9 5 Hi 94 Ve 44 9 9 Ha 99 Hi 23 Hi 24'A *23% 25% *23% 25% 23% 23 Hi 43% 87 87 24% 24% *24% 87%' 24% 24 Hi 24 14% 14 Va 19 Hi 19% 14% 14 Hi 14% 14% 14% 14% 19% 20% 19Hi 19% 19 Hi 19% 19% 19% *53% 54'A *53 Va 54% 53% 53% *53 % 54 *53'A 54 20 *28Hi 29% *28% 29% 28 Hi 28% *28% 29 Va *28% 29% 8 Hi 8 Hi .8 % 8'A 8% Prior, preference Oil Co 8 Wilcox 9 8% ';v9 9 Willys-Overland Motors com 1 $4.50 conv pfd series A No par 6% 6 *54% 55 *54% 55 Va Feb Wilson & Co Inc common No par 10% 11 10 V* 11 No par. 77% v. Jan 7 78Hi Jan Feb 8 13 Va Jan 17 14 16% Feb 3 Dec xl38 $4.25 preferred 22 12 14% Jan Pwr Co preferred 6% 10 Co El Wisconsin 18 1 Jan 131 Wilson-Jones 128 Jan 28 Feb 37% Oct 30 Feb 11 34 Hi Jan 10 Woodward Iron 41% Nov 49 Hi Jun 44% Jan 3 47Va Jan 21 Woolworth (F *12 Hi 16 Hi 76 76 76 76 *74% 12 V* .1214 Co 116 Hi 6'/« 15,900 *129% *11% .16% 16% * 131% 131% *129% 131% 31V* 31 Hi 31 Hi 46% 47 Hi 46 Va 4 7 Hi 13% 13% 12% 13 Hi 12% 12%// 63% 63 Va 62 Va 63% 61% 62 69% 69% 69 Va 68 Va 68%; 129 % 31% 45 45%/ ■ 800 16% *129% 131% 400 12% Hi 131% 16 30% 307/« 45% 5,400 77 12 ... 800 11 Hi *74 Hi 77 *129'% 131% 31 30% x45 . 53 11. 16% > 31% *130 2,600 53 12% 16%; 16 12% 12 16% 10 Co. 100 8 Hi / 11% 11% 12 Hi 16 '29 Va 8 53 Va 54 11/ 10 *29 ; 6 Hi 6% 53 .11 54 11% r 10 —LI00 -—— __ W) 12% 16'A *76 6 Hi r 6% 6% 54% 10% 54% i ;78 77% *12 10 com.. 6'A 6% 6 Hi Hi 6,300 54'A *53% v+ 900 3/200 20 19 Hi <. 260 14 Hi j.14% 14'A 13 73 24 86% 24 1 com 18 Jun 86 86 2 4 Hi1 ,.1 —Nopai Co 4.500 43'A 87V4 14%. 12 Hi Jan Jan 42 Va 86 87 24% 1077/a *101 44 43 Hi *24% 87% 25 87 87 44 43% *23 Hi 107% *101 107% *101 107% 43 56 Hi Jan Jan 700 100 Va 5 18 290 900 24% *99 Hi *101 20,600 93% 99% 44% 23 99 99% 107% 7,900 99 100 Va 42 »A 5,500 93% 99% *101 400 15'/a 31 95 100Hi *99'A 10 19 63 32 23Hi Feb 88'A 63 1,600 23'A *96'A 53 Dec 23 Vt 65 *63 400 25 23H4 32 12 4li 24% 24% 15% 15 24 Dec 25 24 65 *64 15 15% Va 25 24% 26% 9 *22% 24 *20 25 25'/a 7Hi Jan Dec •• 38 Hi 11 % Jan 14% 39 <■38 TQ q 9 Hi 11 Jan o ' 12% 1,200 38% X38% 11 69 1,900 10% Feb 10 15% 15% 39% Feb 17Hi May 107% 15% 10 HA *21 130 111'A " *110 3 8 Hi 8 Nov 170 *106% 39% 6 10 % 260 105 Va *106% 5% 100 Machine 114% 110% *15'A 15% 15% 15% s ; 107% 110 *106% 108'/a *106% 30 110 114% 104 Hi 107% 10,700 105% 114% 105 10'A No par 12% 100 com preference conv *110% 114% *106% 107 65% May Mar 125 15'A 38% 107 Jun 12 6% Mar 51 107% 110% 114 111% '7,300 15 Hi 110 HO 1/4 110'A 500 20 Vi 15 Hi ' 111 111% 82 Hi 20 21 103% 105% 107% 44 'A White ;, 6,700 *81% 82 Hi 38% *101 20 *110'A 114% *106% 243A 21 110% 106 2,700 '15% ,.*15% 5% 24 16 V4 Jan 15% ' 9% 12.50 21% Jan 15% 38% Instrument 3 13% Jan 15 Hi 5% Wheeling Steel 25 15% 1,800 4% 20 Hi 14 Va 21 821/4 2ft% May 19 Hi Feb 9 24 Jan 25 % Jan 12 Jan 23 82 Va 21; 10% Wheeling Jan Mar 82 V8 21 38% & Lake Erie Ry 100 Corp com No par $5 conv prior pref No par White Dental Mfg (The SS) 20 27 July 80 37 *114'A 82% 21'A 5'A pfd series B Elec Weston 11 26 Hi Jan 23% Feb Jun 3.80% Air *110% 20Hi 21 21 21 82 21 14% 4% 20% > 4Hi 9% 15 Feb 20% 41A" . 38 % *64 Nov 14'A 4% 5% 100 85% 14 4% 4 Va No par com 23% 14 lA 16% 14 Hi 4 39 11 26 26% A series 14 16% 14% 4 5Hi Union Teleg class A.No par Preferred Western RR 1,000 38'A 10% 26 2nd pfd non-cum 2,200 16% 1 Supply Co Maryland Ry com Western 12% 16 Hi * 10 ..100 100 Auto 7 12 Hi 16 Va ; 5% Inc Lines 11 Jan 36'/a May 25% 100 preferred 4%% 9% Feb 5 Va Feb 16'A-July 22% Mar 41 Va Jan 108 % Jan 35 May 7% Mar 20 8 13 15 % Feb 38 10 Va May Nov 34 % 17 Hi Jan % Feb 106% Jan Oct Feb 4%%> Power 4.20Vf. 12% 16'/a 16% *111 'A UlHi *106% 107% 16 16 39% 39% *106% 108% 110% Jan 108 % Jan Jun 12% 16% 14 pfd——100 81 Jun 12% 16 Va 4 114 Hi 114% *105 'A 106 300 12% 14 No par I A 5,000 24% 16% 15% 1,100 18 Hi 24% 19% 13 15 No par 24% 24 18% *23% 25 *24 24 V *23'A xl8% / *23Hi 24 19'A 23% 12% 83 80 Va 23% *23 Hi 22 10'A 38,900 10% 19'A 12% 21'A 10 10 % 10 93 *92 10 2,400 13 Hi 13% 13 Va 7,200 8 8 *921/4'93 Va 400 19 24% 82'A 4,200 8 % 13% 13% 12 Hi 21 22 Va 22 »A 8 93 24% 21'A com 13% 12% 21% 8 Va 93 24% 100 100 Co 8 Va 24% 18% 83'A 22% 13'A *24 22 Vt 15% *110% 111% 107 38% 19% 80 22% 105 22 »A 22'A 9%'" 10 21 113 100% 25 18% 9% 83 22'A 15% 1 preferred preferred Penn 24'A 19% 4% Oct 103% Feb 24% 16% 14'A Nov Oct 9% *103Hi 104 104 93 13'A *92'A 400 102% 13 28 »A 8% 8 13% 92 % 9 Hi 4'A 100% 111 % 8% 8 Hi 13'A 92'A 16Hi 14 —..No par preferred *12% *28 23 • 700 12 Va 27% x102Hi 12 Va 28'A 12 104 22 Hi 8% 1 105 % 103% Mar *103 Hi 23 14 93 5 Indies Sugar Corp.— West Penn Elec 104 22Va 12% -5 Inc *103% 58% 12% x27% 58 '/a 58 59 Va *28 Va 13 28 Va 24% Oil & Snowdrift com.—2.50 conv West 114 Feb 104% Mar xll3% 20 Tobacco 28 Va 19 No par 3 Pump Co. Wesson 7 Nov 19% Mar Corp-— *12% 24'A V 5 Knitting Mills. Sep Jan 26 Pictures—. *57 12% 28'A 13 Hi 93 9Hi 1 100 Washington Gas Light Co—No par ;,>/ Waukesha Motor Co— 5 V 6% May .. x80 ■■ Baking Co common preferred— Ward 22 Dec 3% 8 30 Va Dec 13 Feb 8 13 8 Hi No par Co 9% Jan 16% July 101 8% Feb 10% Mar 59% 12% 28% 58 60 28% *103% 104 22% 23 Va No par common x83% Mar - 60 *12% *28 No par preferred Walker 21 preferred 31 30 30 Hi 145 Va 46 45 6,500 . ■ ..'./ 1,800 45V4 - 12,200 Worthington Pump it 13% Dec 25% May 12 Va Feb ■7 15% Jan Dec 81% 60 14 65 Va Jan 25 Feb xJan x62 Nov 94 May 64 58 Jan 96 Hi July 70 4' Feb 69 60% Mar 66 July Jun x8'A Feb 22 .Dec 34% Dec 19% Feb 3% 72 21 Feb Feb , 37 Feb Oct 18 Feb 8 Oct 67 Feb 11 13 % Feb 25% Feb J /» Feb 3% * May xl9% May 35 Dec ' July 6% smxo,j May U 74 *Bld and asked 10 Jan Wyandotte 7 18 39% Jan 19 Va Jan 7 Jan 28 14% Jan 6 5 9 32 74 Jan ' 7 4% Jan. 15 Co ; *69% - Zenith Radio Corp.— Zonite Products Corp. v%* - " "***r — 74 70 69 68 68 a 9 21% «- Transactions at the New; York Stock Exchange 25% 3Va +* *0 s 21% • 10% 39Hi *J8Va 70 13% 26Hi ~ /o 37/a -: :> « 21% K 11 *38 39 •< * 18% 19 " »'# 4)7Hi A 70 V /"• 13Va 13% // 21 * 10% • 25% 26% 3HW 37/e " 0 w 0 < ; Stocks, ■ Number of -Week Ended Feb. 11,1S49 Saturday "Shares 1 ■ > Foreign Bank ■ Bonds >■« /- Bonds 959,680 Tuesday— Wednesday———: Thursday. 2,800,000 880;660 2,610,000 Bonds $11,000 ; . 3,111,000 2,352,000 75~500 369,600 881,080 9 5,819,140* $2,284,600 $16,009,000 $15,000 1949 1948 67 - ; 9 26 Hi- 8 Hi xb% 27 27-% 3Hi 7 4 >. 3%. / , 68% ; 66 V2 190 10 600 • 1,400' 8Hi i.< >.<;■ *8% 1,300 V - 21V# 21% V 10% 10 10% 37 '• 37 ,'4 37 18 Vi ' >,.*18% 18%t, 68HA 67,. ,,.67% l3%H,rv-''. ' 13% • 2,300 V 500 900 12.300 1,400 13Va;V . 4.500 26% 27 • // ; "73 : Hi 130 62 21 Hi r. 3?A 66 > 4,300 ,13% 68 V' •. //{• °70 67 , 26% ' 72 *66% 21% 21% 21 Va 21 Va, 21% 10% 11 10% 10% j 710% 37% 37% *37 ;/ 38 37 < 18 ^ 18 Hi V//*!»% ,18% ;;:> l&Vi 67% >:68% >» 68 ■; 69 , » 67Hi 13%...13%,. / / 13;% -13 Hi -/ ;13%:.: ■ % 26% .4 ' 3 Va <V '*•'4 2„400 • Exchange 3,928,500 -3,032,500 $86,500 $18,395,100 Government Domestic 276,710 Monday 328,660 Wednesday—.^ Thursday Friday ! I.¬ — 229,450 268,655 16,000 , 23,000 151,000 237,115 125,000 $99,000 1949 $86,500 $5,000 $157,500 $197,000 15,000 99,000 352,000 1,933,000 Foreign government. 2,284,600 1,373,000 11,702,750 9,884,200 Foreign corporate— 16,009,000 15,726,000 88,932,600 $17,203,000 $101,144,850 $148,011,200 1948 * ■172,000 180,000 215,000 r ""8"oo6 "• 182,000 126,000 $46,000 $918,000 Jan. 1 to Feb. 11 1949 1948 135,997,000 $18,395,100 36,000 1,000 -$773,000 Total $43,000 20,000; Week Ended Feb. 11 27,930,914 . 7 ar$2"ooo ; 36,000 134,000 7 / 124,000 199,090-: 1,518,860 Total Corporate $3,000 .; $40,000• 1948 29,871,596 -oreign Foreign t 178,270 Jan. 1 to Feb. 11 1949 Bonds (ParY*lMc) of Shares) Saturday Stocks—No. of shares Bonis *70 72 ,'8% 70 Transactions at the New York Curb 4,859,710 1,518,860 1,159,700 6,984,547 "6,944,069 $773,000 $1,061,000 50,000 $4,534,000 1,501,000 $7,541,000 99,000 46,000 32,000 274,000 298,000 $918,000 $1,143,000 $6,309,000 $8,857,000 Bonds B Gorernment International Bank Total y . 12% - / V *60 Ha 61 *68 Va Stocks * Railroad ft Industrial 66 wd When distributed, x Ex-dividend; •. Special sales, 5,819,140 Stocks—No. of shares Foreign *70 13 Hi .13% / ;6i 62% ,70 (Number 2,789,000 $15,000 WeekEndedFeb.il U 1 Sales 3,480,600 422,000 13 Hi . 68'/a Bond 3,147,000 / 347,000 983,480 Friday r > 347,000 > Total Government ; $2,017,500 500,500 13 *61% Daily,WeeklyandYearty $298,500 1,328,430 $1,719,000 .3,417,000 785,810 .!/; v 66 Hi Week Ended Feb. 11,1949 ; Monday. ■ J. Total United States \ Bonds Railroad und Miscel. 8% 25% ** ,w 3% ; Daily, Weekly and Yearly JntT 73 66%. V 9% 9 9 Hi , iX- 10% *39% V/,18% .68% { 13% Deferred delivery.- r Cash sale, *70 70 *68 j—No par — ...:—1 . v *70 ft & Towne Mfg Co 28 York Corp common..!——— 1 7:4%% preferred 50 Young (L A) Spring & Wire.No Par Youngstown Sheet & Tube Nopal Youngstown Steel Door —„No par fin receivership, this day. Worsted <-r Yale 20 12% Jan 24 ' : 7 7 no sales on prices; * - 18 9% Jan 11 89% Jan x72 7 10 24 Dec 13% Jan 48 Dec Feb Prior 10 16 Va May Feb 15% Jan 10 11% 65% 79 9 Mar 37 2 Feb 8 10% 70% Feb 7 % Jan common No par pfd 4 Va % series—.—-.100 Prior pfd 4%% conv series...100 Wright Aeronautical Nopai Wrigley (Wm) Jr (Del) Nopai Machinery 7 58 Va . } . Domestic Total. 1,018,000 Number 4777 169 Volume THE COMMERCIAL Bond Record FINANCIAL WEEKLY - Interest"—except for Income and defaulted bonds. Cash and deferred delivery and when outside of the regular weekly range are shown In a footnote In the week in which they sales , the week, The italic letters In the column headed "Interest Period" In each the case month when Figures after decimal point represent ~ . indicate (721) one No bonds more or disregarded In are occur. the account week's range, unless they are such sales In computing the the of taken is Year 11)48 Lowest 105.1 107.4 Lowest Highest Highest 32d of 108.13 Jan 108.28 May Dec 102.22 102.23 Sep 108.13 Jan Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury 26 Feb Sep 26 3Vis 102.31 Jan 104.9 101.7 Sep 101.11 Jun 101.19 3 Thursday High Feb. 11 H«*b Low the Week feenda <S> High 101.30 *101.27 101.29 *101.28 101.30 * 101.28 101.30 *101.27 3s 1951-1965 *104.23 104.31 *104.27 104.30 *104.27 104.30 *104.27 104.30 * 104.27 1U4.30 *104.26 1955-1960 *108.24 103.26 *108.22 108.25 *108.21 108.24 *108.14 108.18 * 108.17 108.20 *103.15 108.19 1951-1954 *103.28 103.31 *103.27 103.30 *103.27 103.30 *103.27 103.30 * 103.27 103.30 *1(3.26 103.29 2%s 1956-1959 *109.14 109.16 *109.13 109.16 *109.11 109.14 *109.6 109.10 * 109.8 109.11 *109.7 109.11 2%s 1958-1963 *109.29 109.31 *109.29 110 *1.09.27 109.30 *109.22 109.26 * 109.24 109.27 *109.21 109.25 2%s 1960-1965 *110.15 110.17 *110.15 110.18 *110.13 110.16 *110.6 110.10 * 110.10 110.13 *110.8- 110.12 2Vis 1949-1953 *101.11 101.13 101.12 *101.11 101.13 * 101.11 101.13 *101.10 101.12 1949-1952 *"101.28 *101.11 *101.28 101.30 101.13 *101.10 101.29 104.29 1950-1952 *102.12 102.15 *102.12 102.15 *102.11 102.14 *102.11 102.14 *102.11 102.14 *102.10 102.12 2 Vis 1952-1954 *102.30 103 *102.30 103 *102.29 102.31 *102.29 102.31 *102.30 103 *102.31 103.1 1956-1958 *104.12 104.14 *104.13 104.15 *164.12 104.14 *104.11 104.13 *104.13 104.15 *104,13 104.15 2 Vis __1962-1967 *1C2.8 102.10 *102.9 102.11 *102.10 102.12 *102.10 102.12 *10242 2 Vis 1963-1968 *101.24 101.26 *101.25 101.27 *101.26 101,28 *101.26 101.28 Apr 100.23 Sep 100.24 Sep 101,12 Feb 9 101.12 Feb 100.16 Sep 101.12 Jun 101.7 Feb 7 101.7 Feb 7 Oct 100.27 May 100.18 Jan g 100.23 Feb 3 10244 *101.28 101.30 *102.14 102.16 *101.30 102 Jun *101.13 101.15 *101.14 101.16 *101.15 101.17 *101.15 101.17 *101.17 101.19 *101.19 101.21 Dec 1964-1969 *161.11 101.13 *101.i2 101.14 *101.13 101.15 *101.13 101.15 *101.15 101.17 *101.17 101.19 2Vis 1965-1970 *101.10 101.12 *101.11 101.13 *101.12 101.14 101.12 101.12 *101.14 101.16 *101.16 101.18 9,000 Treasury Treasury Treasury Treasury Treasury Treasury Treasury 102.26 May Jun 1964-1969 2V28 Treasury ~9 2Vis_ 2Vis 1966-1971 *101.6 101.8 101.7 *101.8 101.10 *101.8 101.10 *101.12 101.14 *101.13 101.15 1,000 2Vis 101.7 Jun 1967-1972 *100.24 100.23 *100,25 100.27 *100.25 100.27 *100.25 100.27 *100.27 100.29 *100.23 1(0.30 2 Vis Sep 1967-1972 *102.17 102.19 *102.19 102.21 *102.19 102.21 *102.20 102.22 *102.24 102.26 *102.27 102.28 2 Vis Dec 1967-1972 *100.25 *100.24 100.26 *100.25 100.27 100.27 *100.25 100.27 *100.27 100.29 *100.28 100.30 2 Vis i951-1953 *103.7 103.10; *103.7 103.10 *103.7 103.10 *103.7 103.10 *103.7 103.10 *103.6 103.9 2 Vis .11952-1955 *102.6 102.8 *102.6 102.8 *102.6 102.8 *102.6 102.8 *102.7 102.9 *102.7 102.9 2 Vis .1954-1956 *105.18 105.21 *105.16 105.19 *105.14 105.17 *10542 105.15 *105.15 105.18 *105.12 102.31 *102.30 103 *102.29 102.31 102.30 102.30 *102.31 103.1 105.16 100.21 102.30 Feb 9 102.30 Feb 9 Treasury 2 Vis 1956-1959 Mar 100 102.13 July *102.29 100.4 May 100.13 Jan 20 100.19 Feb 7 *100.16 100.18 100.19 100.19 *100.17 100.19 100.17 100.17 *100.19 100.21 *100.20 100.22 12,000 18,000 100.2 Feb 100.17 Feb 9 100.17 Feb 9 Dec 1959-1962 *100.16 100.18 *100.16 100.18 *100.17 100.19 100.17 100.17 *100.19 100.21 *160.20 100.22 14,000 Jun 1949-1951 *100.9 100.11 *100.9 100.10 *100.9 100.10 *100.9 100.11 *100.9 100.11 *1C0.9 160.10 100,21 Oct Treasury 2 Vis Treasury 2 Vis Treasury 2s Treasury 2s Treasury 2s Treasury 2s Jun 1959-1962 Mar 100 Sep 1949-1951 *100.15 100.17 *100.15 100.16 *100.15 100.16 *100.15 100.17 *100.15 100.17 *100.15 100.16 *100.22 Sep Oct 100.21 Feb 100.31 Sep 101.7 Dec 101.26 May 9 100.21 Feb 9 101.13 Mar 101.8 100.31 Sep 101.18 July 100.30 Sep 101.19 July" 100.7 Oct 100.16 Jan 26 101.8 Jan Treasury Treasury 26 __ 101.18 Feb 9 101.18 Feb 2s 9 Apr 94.14 and asked 98.24 Jan 99.11 Jan price. 10 5 No sales 99.18 Feb 100 transacted 11 *100.22 100.23 *100.22 100.23 100.21 100.21 *100.21 100.23 *100.21 100.22 *100.26 100,28 *100.25 100.27 *100.26 100.28 *100.26 100.28 *100.26 100.28 *101.1 *101.1 101.3 *101.1 101.3 *101 101.2 *101.1 101.3 101.3 *101.1 *101.12 101.14 *101.12 101.14 *101.11 101.13 *101.11 101.13 *101.12 101.14 *101.12 101.14 *101.15 101.17 *101.14 101.16 *101.14 101.16 *101.15 101.17 *101.15 101.17 *101.14 101.16 101.20 *101.17 101.19 *101.17 lUl.19 *101.17 Feb this 2 *101.18 101.20 *101.18 ,101.19 *101.17 Dec 1952-1954 *101.19 101.21 *101.19 101.21 *101.18 101.20 101.18 101.18 *101.18 101.20 *10148 101.20 .1953-1955 *103.26 103.29 *103.24 103.27 *103.21 103.24 *103.22 103.25 *103.22 103.25 *103.20 103.24 *100.9 100.11 *100.9 100.11 *100.9 100.11 *100.9 100.11 *100.9 100.11 *100.9 100.11 1950 a Odd 1957 Exchange reriod *99.16 1972 . transaction, lot *99.30 Registered r FOR bond WEEK *99.30 *99.14 100 100 100 or Sale Price *9947 *99.28 100 99.18 *99.25 99.21 *99.16 *99.16 99.22 *99.16 99.22 100 100 *99.23 100 ENDED FEBRUARY High New York Stock Jan. 1 No. Low City Period Exchange Sale Price Low 58 60 "9 60 60 7 20 J-D 60, 60 60 3 J-D 60 58 60 7 597a 60 25 58 7a 60 8 3Vis 10412 107Vi J-D Series No. 16 Series No. 17 33/4s Series No. 104j3 105 Vi J-D 15 18 J-D 60 3Vis Series No. v105Vi 19 J-D 60 3Vis > CO 60 J-D 20 21 22 J-D 60 59% 3Vis Series No. 23 J-D 60 e59 Va 3Vis Series No. 24 J-D J-D Series 120 New York Stock Series 3Vis Broadway, New York NY Series Brisbane Teletype Exchange (City) 1-1693 §AGtd Municipal Mtge Bank sink fund (Dominion lAChile (Colombia) — 1947 F-A 6s 1948 A-O (King of Norway) 4s 1968 §AAntioquia (Dept) coll 7s A____1945 MS 'AGtd sink lund Akershus *61 §AExternal s f 7s series B 1945 s f 7s series C,_ 1945 § A External f 7s series D___ s s A External AExternal 1945 1st scries 1957 sec Antwerp (City) Australia 7s f s 7s 2d f 7s s external J-D (Commonw'lth) 5s of '25-1955 J -J 10-year 3 74s __1956 3Vis 1957 J-D 20-year 3 Vis ____1967 J-D 3 Vis 1966 15-year 3%s 1962 external F-A 1949 6'/2s___ M-S External s f 6s__ 1955 J-J External s f 7s 1955 J-D SABrazil (U of) S external 8s 1941 J-D (-Int. reduced to 3.5%) ____-._1978 AExternal s' f 6 Vis Of 1926_1«>4'.1957 A-O 6 15 (Int reduced s to 3.375%) f 6 Vis of 1979 J-D 1957 1927 A-O Stamped pursuant to Plan A (Int reduced to 3.375% )____1979 A7s (Central Ry%. A-O 1952 5% reduced to 3.5%)— 99Vi 12 89 92% 19 85 Va 89% 13 85 t- 23 84 74 r 66 ■•••* V 28 10174 105% 119 72 50 115 -- ' ! 43 V2 66 3 43 12 *64 It — CO 10s 22 __ 50 62 V" 46' ■ " — 59 58 ■■ i.— 58 2 101 *50 1942 ' w. *100 7a 101 ' 42 7a sinking 103 7a M-N 10374 103 3 i 106 74 105% M-N 102 / a 98 7a 101 99 78 1O0 A7s 28 7a A Chinese 106% __ 28% — .('• External reduced $ bunds of 3%s Series , to 3.3757c)-- No. 1944 (Plan 1979 B) A-O 46 Va — 47% 8 J-D ■ *62 7» J-D 64 60 Vi eGO V2 28 Vi 10 3%s Series No. 3—1 J-D 60 7a 3%s 60 6074 60 607a e60 3%s Series No. 6 J-D __ 3%s Serie? No. 7 J-D __ 3Vis Series No. 8 J-D — 3 Vis J-D *65 Va Series No. 9. 334s Series No. 10 3Vis Series No. 11 3 Vis Series No, 12— 33is Series No. 13- For footnotes see J-D ! : page . 129 J-D J-D J-D *59 Va 62 Va —— 5 61 58 Vi __ 617a 6IV2 __ 617a — 62 7a 4 i— 607a 63 — 61 7a 57Vi *5.9 7a — 60 59 27 61 Va 37 Vi 5 357a 27 Vi 28 28 7a 20 27 7a 29 7a 37 3 357a 37 28 7a 28% 28 Vi 28 Vi 37 28 74 37 28 7a 287a 277a 357a 37 37 J-J 63 58% 60 28 5 9 27% 29 Va 3 357a 37 27 27 7a 28 Vi 35% ■' 35 Va 27% 28 Vi • M-S M-S A-O A-O 1963 Af-N 357a 36 M-N 28 7a 28% 28% 11 21 Va 28% 1993 J-D 28 27 Vi 28 Va 30 26 7a 28 7a 357a 35 7a *37% 4 *3774 28 74 13 __ 40 • 6s fund 6s J-D J-D J-D *3774 J-D 287b 28 % 1961 A-O 37 37 1961 fund 1957 1961 assented sink 237a •'.7' 1961 6V2S__ 6%s__ sink *37 74 a 1957 Bank A-O 28 Vi 28 Vi 28 28% 11 27 7a 36 Vi 3774 4 35% 37 Vi 28 28%, 3.7 27 V4 287a 7% 28 '/a M-N 28 7a M-S —A—i (Hukuang Ry) 5s —1960 1951 J. 7 M-S J-D 28 7a 5 1 27% 28 3 357a 37 24 277a 287a 357a ' 277a 357a 28 Va — : For 9 — Financial Institutions FOREIGN FIRM SECURITIES 60 60v *57 7a .59 Va 63 537a 60 58 3 „ . v TRADING MARKETS ;: v;\, . •; rax— JlC9:J®£: CML FOREIGN SECURITIES SPECIALISTS 60s 59- -* 591 —rr-f 50 Broad Telephone HAnover St., New York 4, N. Y. 2-0050 — * *5 7a 28 7a ' *37 Vi M-N 1962 —1962 Munic 28 V„ 28 7a 7s_____^_1960 assented 58% 60 Va .'6 62 Va 58 7a 11 ' 37 18 " 1 287a 37 28 7a F-A J-J - €2 7a __ ■ 37 607a 39 .61 J-D < 60% J-D 5 Series No. 4 33/4S Series No. ■ 28 Vi 65 57 7a. — 35 72 277a 1963 47 % 12 — 35 72 1962 6s__ — 1 3%s Series No. 2____ - F-A Sep 1961 bonds 2-3s jassfented 104 104 Vi 1962 Mortgage A6s 103 74 44 A-O Sep 1961 assented AGuaranteed 102 74 32 *37 7a ' Jan 1961 fund 6s sinking fund 6s Chilean. Cons 101 A-O Jan 1961 6s assented 6s 5 1960 assented f $ __ 102 102 Stamped pursuant to Plan A tint 4- — 59 : 6574 50 f 48 61 46 72 __ funding bonds of 1931 due__1951 56 74 66 43 ' 59% 48 7a 60 Vi — 59 7a 62 57 56 Vi 1960 assented A Guaranteed A 63 v V; 60 Feb 1961 A6Vis assented 66 d 72 f; 'J2? 4772 J-D 60 74 62 ■50 66 48 J-J Feb 1961 s ASinking fund 118 2 43 — 7s sinking fund 6s A6 V2s assented 10772 31 s Acmie 102 1 66 *63' 48 Vi f assented A 6s 90 7a 117 -- J-J _ 1942 AExternal sinking fund Extl 89 % 90 6s A6s 90 10772 10772 — 8s assented AExternal 92 Vi 91 Vi IOIV4 102 — 4s sinking fund 6s A6s 101 Va 90 89 y4 117 A AExtl 99 7a 95 89% — 102 J-D 1978 38 90 Stamped pursuant to Plan A (Int , 38 91 VVJ Stamped pursuant to Plan A AExternal , 10 A6s 38 7a 89% — 90 1960 1954 of) External s ARy external 38 37 Vi A Extl 38 74 3774 122 92 Vi Stamped pursuant to Plan A A-O 37 Va '.."■■'"3 99 72 y a 37 Va 37 Va 92 Vi 8274 37 39 100% 101 Vi 101 Va J-D Belgium 10 37Vi 37 Vi — 20-year 37Vi 98 • F-A 10-year 38 V4 6 *37% A-O 5s_______1953 38 7a 37 3 9 13 37 Vi 37Vi J-J 3rd series__1957 31 Va 37% 37Vi 37 Vi A-O f 81 37% A-O series__1957 sec 5 37% J-J AExternal A6s 74 101 F-A J-D A-O __1950 assented AExternal 82 37% J -J §AExternal •'V': ' ■' *57'/a ■ •• MS 1958 __ 82 7» J-J (City) (Rep) §A7s *61 •. 2 5 1957 3Vis ACarlsbad 6s 60 62 *59 J-D f 5s 55 7a bO • 5u% 1961 s 60 ' *59 - J-D No. 30 60 ' 25-year Agricultural — 60 69 * *57 7a J-.D JX-L 56 587a *57 7a , 60 58 55 Vi ■ 60 59% . J-D s Sinking fund gold 5s Sinking fund gold 6s Canada Foreign Govt. & No. 27 3Vis Series No. 28 3%3 Series No. 29 Wertheim & Co. Members 2-2300 No. ,■60 •' 597a 60 J-D 25 3Vis Series No. 26 '3Vis 3 Vis T elephone *57 7a J-D 60 60 ■ 9 60 ./, 60 60 26 60 Series No. High 557a 4 60 No. 33/»s Series No. 3Vis Foreign Securities Series 2— Jan. 1 Low 60 14— 33/4s Series No. 3 Vis J-D Range Since Sold No. High 60 3Vis Series No. 1980 Bonds Bid & Asked High Transit Unification Issue— Corporate Stock Week's Range or Friday's Last Interest BONDS Range Since Sold 15,000 11 Friday Bonds Friday's Bid & Asked 99.18 100 transaction. Week's Range Last Low REctor 5,000 for 25-year 3s day. Interest New York Stock 3% 101.19 Jun 1952-1954 Bank 27,500 101.3 1951-1953 RANGE York 100.24 1951-1955 Sep 1950-1952 2s 10-year 2 Vis Friday BONDS New 103.1 Reconstruction & Development 98.30 May 99.30 May Jan ♦Bid *102.31 *100.26 100.28 Dec 1949-1951 Mar 1950-1952 Treasury 2s Treasury 2s Treasury 2s Treasury 2s Treasury IVis International 94.10 Jan > Sales fot Friday Feb. 10 Low / 2Vis Jan 10TT4 Low High 2Vis 100.25 160.23 Low Treasury Treasury Treasury Treasury Treasury 100.26 Oct Hlp-h - Treasury Jan 100.7 PRICES SALE Feb. 1) 3 100.24 Mar May HIGH Wednesday Feb. 8 14 100.23 100.7 AND Tuesday Feb. 7 Feb 104.9 Jun 102.26 of year. 102.31 Jan Jan 101.19 14 Feb the point. a Monday Feb. 5 Coo transactions for 27/8s 2%s Treasury 102.23 R»tnr<lKj EXCHANGE 105.28 Mar Sep Sep 101.18 GOVERNMENT BONDS NEW YORK STOCK Range Since Jan. 1 the only range mature. LOW Range for Previous 25 YEARLY - "and are CHRONICLE New York Stock Exchange «» FRIDAY NOTICE—Prices & Teletype NY 1 -971 57a 7a 28% 26 (722) THE COMMERCIAL NEW YORK RANGE Friday BONDS Interest New York Stock Exchange Colombia * 6s of Oct 1961 A-O 1927 Jan 1961 J- J ®xternal s f $ bonds vZ°i.?mbia Mtge Bank 6%s___ fAS nking fund 7s of 1926 -1970 sASinking fund 7s of Copenhagen (City) 5s_. .25-year gold 4%s ACosta Rica (Rep of) 1927__. 1947 ___1952 to External M-N i960 extl 6s___ _1942 Z_1955 5%s 8°D 41/aS fil or (Republic of) a 4s extl f s evtiX s extl 3s 1962 -Jan $ 1Q7R Zl967 1949 part paid Italy »iJg?s*av*a (State Mtge Bk) (Colombia) 6%s Assenting A Ass td 5s of 4s Assented 1* Milan A Sec Stamped s 70 Alabama Power 1st 3%s____1972 1956 1966 64% RAILROAD 75 77 16 56 61 % Allis-Chalrners 51% •: 1 46 51% American 12 1 11% 14 Amer 60 61% 102 102 . sink 3%s fund f s (City) 24% 24% — 37 debentures 1980 179 10*0 6%s to ' Plan A 2.125%) 27% 35% 28% 40 7% 6 7% 8% 6 37% 37°/a A 100 26 102 5% 11 15% 1959 Atchison Ap.ej™ (ReP of) 7 4% 5 110 7 9 % sad 6% M-S 27 M-S *36 1st mtge and Ref 9% 26% — 2 -- Stamped 93 83% F-A 27% 37 25% 95 90 16 88 35 84 86 % 82% 84% 80 > 19 88% 88% A-O 90 90 4 80% External f s (Int M-N 102 83 88% 81% 10 102 *83 85 M-S 103 103 M-S *31 M-S 90 1 82% 3 103 : 261 is 38 26 "a 18% 16 17% 18% 18% 18% 91 17% 19 A-O A-O *9% A-O 9 Va 18% J-J J-J Zl961 J-D 18% 18% 17 17% 19 ' A-O 8 9% *14% reduced to to to loan (Int 7s reduced (Int reduced (City of) __2001 J-J 2006 J-J _ 9 — 9% 9 % 10 8 *33 42 9% 9% 12% 5 9% 5% 2 10 9 6% 9% __ :■ *24% 29% 1946 A-O Z 27% 27% 28 __ *27Vi F-A *36% F-A 29% 29% *35 A-O' 2012 27 33 Vi 26% 26% 24% 27 27 21 i94g A-O *39Vi 23 104% IOo'm 102% 103 39 100'% 103% J-J to 2012 _1966 to Plan 2.25%)_ A-O 30 J-D J-D 30 30 35 26% M-N 29 36 Vi 35 30 Vi 36 Vi 27% 25 Vi 27% *27Vi 27 28 27% 27% 25% __ July 1975 B (4% 5% (2% f A-O 27Vi *33Vi 27 Vi — "1952 M-N *42 2001 M-N *39 45 34% 40% 1957 to M-N *41 50 46 47 2012 8s to secured series ASilesia A4Vis B M-N *36 3 45 Vi 33% 38% A-O 85% 85% 87% 82 84% 88 A-O 91% 91 93 29 91 95 % — 59% 110 58% 63 Vis 144 58 % 62% 59 % 53 58 63 68 73 47 Va 52% (2%% 6% fixed contingent interest) — J-D 68 63 69 % 58 May 49 48'% 49% 3b5 1980 M-N 82 82 84 26 82 85 % 1980 J-J 70 70 72% 16 70 71 Va 1985 J-J — 76 76% 9 75% 78 1951 J-J 94 94 95 4 1951 J J-J 93% 93% 94% 1951 A-O due Dec 1 1995 income series 4s div Feb 1 2010 A 1st mtge 5% Cincinnati lien ser ref & A __ division M 4s ser D Bangor & Aroostook RR— 4s ref stamped Extension Creek 1st 3%s Telephone of Pa 5s series C__1960 Indus Loan 2Vis debs 1961 mtge Boston 1st Corp— 2%s ser I 2%s ser J mtge Maine & J-J *55V4 55% — 55'/4 1999 J-J 1950 J-J 53 52 53 41 53 __1970 A-O 1999 J-J 53 48 53 41 53 1956 M-S 58 5s series J-J 53 50 % 53 12 48 53 5s series II mtge 4%s 1st mtge J-J 60 55 60 8 55 60 A-O A-O 54 49 54 96% 96% 29 1 41 95% 96 '-6 15 94% 9 97% 98% 98 % 50 97% 99 5 97% 98 % 98 M-S 90 footnotes 1978 A-O 54 101 page 99% 96% 99% 34 76 99% 1962 M-N 7% 8% 23 5% 8% M-N 7% 8 35 5% 8% 1958 29. Va *83% series RR 1960 J-J 82 % 82% 83 % 34 82 % July 1970 M-N 57 56% 57% 26 55 Ta 4s 1954 1968 A-O 1950 Co 7s F-A F-A Debs Co 3s Bklyn Union Gas 4s debentures 2%s mtge M-S % $ modified Terminal 1st Consolidated 5s __1957 M-N 58% 1952 A-O 1955 J-J Terminal gtd 1960 A-O 3s 1976 J-D 1974 M-N 1962 A-O 1957 4%s___„ 4s — Bldgs 5s 59% 103% 103% 102 __ 102 97% 100 1 90% V 2 99 18 98% 99% 60 % 33 __ 92% 98% 83% __ __ 103 % : M-N Buffalo Niagara El 1st mtge 2%s__1975 Buffalo Rochester & Pgh Ry— ■ __ *100% J-J 90 *100 1969 1976 (Ernesto) Bklyn Union El 1st gold 5s Bush 101 101 A-O JJ / 86 101 3 M-N series 92 % 98% Va 58% 61 % 96 97 11 98 99 105 105 1 105 25 102 58% *102 — __ 105 Va C California Elec Power 1st Power 3%s gtd 5s A cons National Guaranteed J-J A-O 1970 1955 J-D 1956 F-A 1951 M-S 5s gold gold 4%s. 4%s Ry 4% deb stk perpetual Carolina Clinchfield & Ohio 4s 1965 113% 115 % 10 106% 107% 104% *113 Georgia 113 Va 106% *106% 106 % 95 % 108 % 113 % 112 Va 16 108% 112% 113% 112% 113 % 113 J-J M-S 107% 106 Va 95 % 48 93% 108% 108% 10 107% 34 102% 103 Va 5 101 % 101% 63% 67% 66% 72 45% 52 94% J-D *61%—64_ 1965 1960 debs— 3%s <1947 issue) § A Cent' Branch U P 1st gold 4s of 2 107 1981 Corp 3s debs__. Corp 115 *107% 108% Adirondack Ry— gtd 4s 3%s debs • 107 107 F-A 4%s Pac & • 102 3.» 115 115 Oct 1969 4%s gold 1st mtge 100% 99% 99% 102 102 5s__. gold gold Guaranteed *99 *100 __ Ry— gold Guaranteed A-O 102% 103 F-A 1960 1948 F-A *99% J-D *75 Vis 63 % 65 29 47% 33 101% 61% 98 108% 85 101% 101% 63 % J-J May mtge 4s ser A 1995 4%s ser A Jan 1 2020 Gen mtge 4%s ser B——.Jan 1 2020 *66 45% 46 May 62 — Ry— 1st Central Illinois Light 3%S-^._—__1966 J-D J-D 1957 J.J 1987 1987 A General A4s 1987 4s registered —__1987 : *8% *7 12 8% 11% 6 *108 A-O J-J 67 67 74 148 67 78 % Q-J 67 Va 67 73% 179 67 78 59% 59% 67 59% 70 J-J 46 ■ Q-J ' *102 102 Va 102% 11% *86% __ 8% 102% 1974 A-O Central Pacific 1st ref gtd gold 4s_1949 F-A 101 -h 101 3la 101 3la 11 101 3*2 101V3 F-A 101 % 101% 101% 28 99% 101 % 10 103 Va 105 % 100 100 122% 128 & ref 1st 1st York New 3s — — series A to Aug mtge Power 1 1949) 3%s ser B___ —1974 1968 Champion Paper & Fibre deb 3s—1965 1962 1958 see a 85 1955 Bristol-Myers Gen 98 *37 M-N F-A Chesapeake & Ohio Ry— General gold 4%s ^1992 Ref & Impt M 3%s series D 1996 Ref & impt M 3%s series E 1996 Ref & imp M 3%s series H—___1973 R & A Div 1st cons gold 4s J-J — ■ M-S M-N F-A J-D — 104% 105 127% 98% *100 — 11 127% 128 98% *99 % 23 97 100% 98% 99Vs 19 97 100 % 104% 104% 12 2d consol gold 4s 1989 J-J *120% 127 __1989 J-J *110% 118 104% —— 105 118 ■ ' For 120% 96 106% T (Kingdom)— assented 120 7 100 1961 (4%% 1940 Sydney County Council 3 Vis 95 95 93% 100 mtge 4%s ser A AInc ABieda Central 2012 extl 7s 93% 5 . 120% 121 - — J-J 3 967 AC mtge 58 2004 A 2%) extl___ - M-N 1976 JACentral of N J gen gold 5s A 5s registered A 2.25%) to *100 RR— mtge Central 4 1968 to external (Prov of) 51% 4j 101% 59% Celotex 1936 7s sec 100% A 2.5% ; Serps Croats & Slovenes A 7s 5 53 Celanese Plan A 2%)_ Stamped pursuant to Plan A (Int reduced to 3.5%)__ A8s 37% fixed (3%% fxd & 1% % cont int) Stamped pursuant to Plan A s 6 58 % Carthage J-D A loan__ (Int reduced 37 % fixed 35 A 2004 A6s extl dollar loan J A Secured 37% 53% Guaranteed 26% *32 J-D 1952 Stamped pursuant to Plan reduced 37% h 1st Can _2004 (Int reduced to 2.5 %) extl water 49% 58% Guaranteed _1968- 2.25%)_ external (Int 18 58 % Guaranteed 1999 1926___ Stamped pursuant to Plan A 7s 50% 100% 100% J-J 1966 49% J-J 58 7 Canadian 45 Plan A Stamped pursuant to Plan A 8s 104 % 104% 104% 103 Gen mtge reduced 115% 104 104% 36% to Plan A Stamped pursuant to (Int 109 29 — Plan A 2%) of (State) 10 — M-S 1st 4s__1948 due Dec 1 1995 Canada Southern (Int reduced to 2.375%) A6Vis extl secured s f Paulo 114% 114% M-S Toledo Bush 32 — (City) 8s Stamped pursuant to Plan SASan 126% M-S Stamped 29% 2001 6 Vis reduced 122% — __ A ASao. Paulo (Int 33 J-D Plan A 1967 stmp pursuant to A Rome 92 126% *104 . 9 __ 9% 6% 1 A (Int reduced to 2.5% ) 6s external sink fund gold external 81% 92 ' 1st 18% 18% A-O 2%) Stamped pursuant 3 125 M-N 1948 G Calif Oregon A7s Ry 1st 18% J-D 1953 to 2 M-S 1947 Grande do Sul (State of) §A8s extl loan of 1921 (Int 92 J-D Cons 26% __ 26% 1961 to 2.375%) Stamped pursuant 104 81 92 ' — 5 Bethlehem Steel 103 Rio A 1964 Beneficial 84 35 — 1940 2.25%)_ Stamped pursuant 103 % 102% 81% due Mar 1 2000 Ref Bell 102 89 i960 2.375% ) to 103 Va 60 81 % due Mar 1 1996 Con ' 8s_ZZZl950 to Plan reduced 36 103% 104 81% 1959 7s Sold Stamped pursuant 103 Va 103% 103% K Cons 6Vis sec 1 ' M Series 84% 80 V 5 J-D _2008 Janeiro JInt reduced 104 114;b' 4s____July 1952 A ser mtge A4 Vis conv 91 % 86 % 1947 (City of) 8s Stamped pursuant to Plan at* A 103 % M-N 1963 contingent interest) S'western 84% J-D 1966 stmp pursuant to Plan A de 3'/o Series 27 % 93 20 80 A-O ior-i r,,'1"* reduced to 7 /is 85 — 89 85 Vi Z-1967 ~ 7s_ (City of) 8s .AJInt reduced to 5 a Rio 103% 103% 94% Series 37 29 93 ZZZ_Zl968 pursuant 96% 110% 125% contingent int) __July 1975 gen and 37 25% — *26 1953 a*)??"8,1 sink fund 94% 105% Line Ry— cons ser 5% 1 % & 9% — 27 iqrt assented Porto Alegre 31 519 A-O 4Vis A Ref & gen mtge ' — 1994 2.125%) A4Vis assented A 94% 92 B 10 % 25 to Plan A loan 94 % 105% 106% 1995 Atlantic Refining 2%s debs Beech assented A4 Vis 23 Fe— " __July 1 1995 Air Danville 1st mtge 4s ~7% 6 "• • 37 M-S 1955 s f 6s 2d ser (Rep of) gold 6s A4'/2s § AStabilization 1st unified 93% A-O mortgage 3%s and 3%% A-O Loan extl 1 3 A Poland Santa Stamped 4s____ Atlanta & Charlotte 90 Va 103 3-s 1966 Baltimore & Ohio RR— 1% 9% M-N 1953 of) to Q-J . — 11 *9% *36 M-S external 7s s f 6s 1st ser ^at loan extl Topeka & 88 % 102% 103 % A-O 5s 152 496 93 A-O 1969 11' 2 4% 35 __ M-S 1965 ref 3%s series B reduced 1952 96% 94% 39 90% 102% 103 Va Pgh Lake .Erie & West Va—- TBiZZI'Z" 1970 s Stamped pursuant 95 Va 89% 95 % 90 102% 15% 10% 12 ~ Jq?, (State 94% July 1995 gold 4s W Products Co P 4s (Int 1st General 4% all % — A-O ~ Zl956 4%s__ sink fund 4%s SAPernambuco 94% — 1957 (Republic) — A Stamped assented 5s Stamp mod 3%sext toZ sec Co deb 3s debentures General 4s Panama Ext 92% .103 % "l 2008 loan Bank extl 68 J-D to fund 93% Series Z__1952 to extl 89% 92 Va 1973 Amer Tobacco 80 92% 94% _• 75 F-A 106% deoentures 12 84% J-D debentures 99% 80 39 J-D conv 99 87 1957 debentures 2%s 5 ' 84% 1987 2%s ; 99 99 84% A-O 24% 98 M-S 1982 37% J-J • 80 Va — 79 •. debentures 16% — 6% /. 80 % 2%s ' . 100% *80 Va J-D debentures - „ * 10o% A-O A-O 38% % 104% J-J 3s _ 100% 1961 24% _ 104% 1986 34 COMPANIES 104% 1975 16% 6% 1 debentures 26 -- 5% 5 debentures 26% — ■ conv 18 75 — 21% debs__ 3s & — external Municipal 21% 132 13 100% 100% • 2%s __ 26% 6% 6 % A-O 2%s — 23% 4% 9% Netherlands (Kingdom) 3% Norway (Kingdom of) 4%s External sink Airlines Foreign Pow deb 5s 2030 American Telephone & Telegraph Co— 53 6 105 % 105 % 105 % J-J 6% 53 Z.- * Mfg 2s debs r-^ ■v.® 12 *34 8 7 J-J ,(Int reduced «, 77% • *104% 5% 15 • :> -- INDUSTRIAL AND A-O M-N 6 8% 6% *13% all % small__ f mtge 4 *4% J-J pfan~A~~ t0 2.125 %) 2008 s 1952 _196? Albany & Susquehanna RR 4%s__1975 Alleghany Western 1st gtd 4s__1998 77 — J-J 5' 1942, agree_l963 7s §ASecond mortgage 4s Q-J * J-D 37 — — 9 % * M-S 70 100% 101 Q-J J-J Stamped pursuant Oslo 3%s J-D f 6%s Aqpn(I^fredu,Ced external 4s Southern 7% 37% J-J agree. 1968 F-A Great M-N 1963 CO 1953 7s AAdriatic Electric Co 38% J-J pursuant external assented F-A 1958 (City) __ *34 Alabama *35 A-O Zl954 agree 6%s ASec at AWarsaw A-O 79% A-O 1945 (State) external 22% J-J 1945 1910 new (City of) Minas Geraes £ 70 26 J-J 1952 7s 88 *34 — J-D 5, 1942, agree_1963 1913 assent 1933 of NoV' a agree_1968 86 70 1984 readjustment Atlantic Coast 1943 84 '/8 81% 63 & 1950 79 18 72 81% *100% • 22'/a J-D 7 84 52 *53 J-J 1945 1942, 5, 1942, t^ss ^ to Nov. 6s A 113% extl A Venetian Provinces 1st 1899 a^*^ss a 1957 Z__1954 1904___Z^_ of § A Assenting 4s of « ~~iqr2 excl 5s of 1599 to Nov. 5, Assenting k 13% 3Vis 68 % Ann Arbor 1977 84 84 120 *'(0 •74% 6% J-J 84 F-A 4 *6% M-S 83 Va * J-D § A Atlantic & Ass'td to Nov 5, 1942, A 23% 1977 assented s^eAX,C0 (US> S A —; J- J £94L 85 % 83% 1978 conv. extl readjustment 3%s 7s Metropolitan Water Sewerage Drainage Board 5%s Mexican Irrigation— § A4%s M-N 7sli:::::—Tgsf (Kingdom of) AMedellin A-O 1977 Utility— Credit Institute 1% to 3%__ A External 7s 81 1 18 F-A i960 na!!an 28 83 % 1978 2%s M-N i960 f 5s 85% 83% 4-4%-4%s 108 10 *102 Jggo ZZ <RePuWiO extl s f l-3s Italian Credit Consortium for Public Works 1% to 3% §A7s series B " Italian Public a 12 — iqfi4 f 6s part paid ?®Iiln|fors State extl 6%s___ZZZ (City) ext Irish Free 84 M-N 20 12 ... __ J-J M-N 3%-4v8-41|5bs extl 2%s s conversion 88 51% 60 M-S 1979 * — 1937j— readjustment 79% 77 _L J- J M-N 63 68 — J-J Jan i M-N 1964 of 87% — A-O I960 6s bond 78 — F-A fund 72 % 63% High Low *120 42% 12 % 16 Range Since Jan. 1 < No. 1979 sink ($ Bonds Sold *120 63% Government— A 7s A 13 High F-A 1946 8s 6s 42% 75 63 J-J 1( 1976 (Republic of) 7s.Z French Republic extl 7s „ External 13 108% 103% A-O J-J ABstonia Greek 42% A4Vis Jan 1» 1978 I $ * 42% fund External 72% 12% __ 35% 3%-4-4%s extl sink — $ f J-D AExternal __ *68 % 12% 71% 38% __ 71% — 70% 2 42% *41 % — J-D ______1951 7s extended to 20-year gold F- A (Republic) 70% 70% Friday's or Low AExternal 2 Exchange Bid & Asked Sale Price Period High 28 70% *41% AT-N (Republic of) 4%s extl— 1977 Czechoslovakia (State)— Stamped assented (int reduced SA-Denmark M-N 1953 Cuba t^ Low 1 38 42% 37% Week's Range Last Interest BONDS New York Stock Jan. 1 No. 70% 70% 37% — A-O _1946 11 Range Since Sold High 70% A-O 1947 « Monday, February 14, 1949 RECORD FEBRUARY ENDED §AUruguay 102o ka Bonds Bid & Asked (Republic of)—- A6s of *a BOND CHRONICLE Friday Friday's or Sale Price Low I WEEK FOR FINANCIAL Week's Range Last Period & • ' 119 % 110% 110% Volume Number 4777 169 THE COMMERCIAL & FINANCIAL CHRONICLE (723) 27 NEW YORK BOND RECORD RANGE Friday BONDS Interest New York Stock Exchange / ; Last Period or Sale Price r ■ FOR WEEK ENDED FEBRUARY 11 Week's Range Friday's v Low Friday Bonds Bid & Asked Range Since Sold High No. Low Interest BONDS % New York Stock Exchange Jan.1 , Last Week's Range or Friday's Sale Price Period Bid & Asked ' High Low Chicago Burlington & Quincy RR— General 4s 1st & 1st & ref 1st & ref 1958 ref Chicago & AGen 4%S series B 1977 mtge 3%s _1985 mtge 27/as Eastern 111 RR— mtge inc 1st mtge 3%s 1970 5s B____ mtge 4s inc J-J A2d mtge 4%s inc Chicago Indiana Chic Milw 1st St Paul mtge 4s & Pac conv inc 75 83 mtge 1st mtge 3s 1st mtge 76 61% 65% J-J 49 49 50 12 47% 51 93% 93% 1 93% 94% J-J 101 Vi Apr 60 Vi 100% 101% 60'A 50 V4 Apr Jan 1 1999 1989 Pacific 33 100 Vi 51 60 % 1994 AGen mtge conv 4%s ser A_Jan 2019 Chicago St L & New Orleans 5s___1951 1959 J-D 1974 M-S 50'/a 50% A4s 59 103% Great 54 53% 56'/a "88% J-J 89% J-J 106 % Apr 278 53% 59% 87% 106% 106% 90% 90% 61 93% 89 % 5 1951 J-D 1951 J-D Chic Terre Haute 1st & ref & S'eastern 98% 103% 23A-4'As___: 23/4-4V4s Income 101% __1994 J-J ry 76% ; • 1994 J-J 1963 J-J 1963 J-J 70% -- 15 75 Chic & West'n Indiana 1st & ref 1SZ 4s 29 70% .1975 A-O .1978 J-J .1969 F-A .1974 F-A .1966 J-D "92 95 .1961 J-D 81 81 mtge gtd 3%s series E mtge 2%s ser G City Ice & Fuel 23/4s debs_ 1st Investing Co Cin Chic 4s & debs St 5s Ref & Cin .1993 Wab & Mich Div mtge J-J 1st 4s___ .1991 1st coll J-J trust 4s_,_ .1990 61% ___ 1st mtge 5%s series A 1st mtge 5s series B__ 1st mtge 4%s series C & Southern mtge 3%s ser O 2%s ser P 2%s Gen mtge 2'As ser R West deb ctfs A-O -1977 A-O 87 -1970 extl 4s -1955 1977 .1978 Ry & L 1st & ref 4%s._ 1951 f 3%s A___ s Corp of Finance Coal 86'A Hudson 60 86 105 Illinois Bell 61'% 67'A ' 57 21% 25% 98'A 9 1981 J-J 1978 J-D 98 103 103 "103 "101% 19 104 106% 1st 1951 MS 34 102 'A 103 % Collateral trust -1952 48'% 44 Refunding 4s 46'% 6 50% 101% 105'A 17 106 106% „ 3s Purchased 102'% 103% • gold 3%s sterling trust Refunding "35 70 106 106'/a "100 Debenture 4%s Cairo Bridge gold 4s Litchfield Div 1st gold M-N F-A J-D 1951 3s M-N 1950 ' 103 1966 5s 102'% J-J 1955 gold 4s 1 3 1952 ; 104 1953 3%s J-J 104 105% 100% 100% 1 100% 101'A 102'A 102'/a 102'A 10 100% 102% 107% 107 Va 107 '/a 1 105'/a 85% 38 103% 103% 5 83 104 83 J-J Omaha 1951 F-A 1951 J-J 1951 J-J 3%s_-...1951 106 106% Springfield ser C_. .1972 J-D 98% 98% 5 98% 99% 1st & .1972 M-N 103% 103% 103% 8 102% 103% 1st ref .1963 J-D 106% debs M-S .1965 J-J mtge 3Vis__ .1966 .1942 J-D -1952 101'/a V, ' — J-J 98% 94% 115 102'% 95'A 111 Cent 1st gold Div 1st 3s gold 1st 106 107% Illinois 102% Indiana 100'A 101% 99% 100'A 10 ref ref St 5s 5 Vis . "47% £_ J-D — ACuba.-RR 1st 5s gold— receipts 95% 49% 33'% "78 * 1 — 33% 4%s L ___1963 J-D 95 __J_1963 J-D 87% 1963 & N • J-J 27% <27'/a T946 J-D 33'% 33% 34'% 45 .1946 § A.7,%s, series A deposit rets §A6s. series B deposit receipts J-D 33% 33% 34 series.C_' J-D Terminal Ry D sei: 4s 1970 Iowa 9 ■: ^International 95% 52 A 36 :_1 25 28 • 30'A 33% 35 33% < 1st 1st Great series 6s "100% ' Northern 139' 93% 99% 40 87% 93% 86% 6 81% 100% "95 J-J 35 __ "100% 102 J-D 1986 97% 90% 86% J-J 95 87% ; "89 — 63 63 65% AAdjustment 6s series A—July 1952 A-0 22% 22% 24 1956 J-J 59 59'% __1956 J-J 59 59 68% 69% series 87 100'A 100% 100% 100% 100'A J-J 5s . RR— A- A 1st ■ 27'/a • 101 Va O— 1950 33% 10 81 100'/a 101 Vk — "103 A 48% •" —. 101% 100'/a "101% F-A gold 4s Indianapolis Union Ry Co— Ref & Imp 2%s ser C 95 "101'/a 101'% { J-J ■ 95% 101 __ 1951 series A_'_ mtge 4s ser 111 & 101% 101'% F-A Chic and Joint 102% — 33 100'A 100'A ^ 96 5 100% 101 % M-N Ry 106% 107 "102 __ 103% "100% Div Registered A-O 103% _2 "100 St Louis Div & Term gold 3s Gold 3%s 11 "7 107'% 88% 83 103% "100 104% Western Lines 1st gold 4s 1 " 102% 102% M-N 104% 104% 23 101'A A-O 104% 2 103 101'A — 1955 lines Collateral : gold 4s 103 104 36 __ F-A .1968 1st mtge 2%s__ .1975 103 "101'A 94% conv debentures Consolidated Natural Gas 2%s 98'A 97 102% 4 103 RR— A-O 97 § A Deposit 99 J-J 94% § A Deposit receipts 63% 23% J-J 9 6'/a 1st 61'% 21% 1951 94% Northern 62 21% 1951 96% § A Cuba F-A 1951 gold 1952 B A 1st gold '5s series C—.' §Alnternat Hydro-Elec deb 6s Int Rys Cent Amer. 1st 5s B_; 68% A-O 1944 :_1972 M-N 89 110 63 67% 22'A 25'% 58 61% 5 58% 61'A 47 67'/a 69% 98 99 72 77 96 97'% 11 "98% 101% D Dayton Pr & Lt 1st mtge 2%s mortgage 3s 1st mtge 3s series A Dayton Union Ry 3%s ser B 1975 Deere & Co Delaware Y A Lack Lack 1st & 5s mtge Tr Delaware 1st M mtge & 1963 M-N 99% 103 % 101% 94 % 94'/a 95% 22 93% Af-N 86% 87% 6 85 87% 1993 Af-N 66 66 67 11 65% 68% Af-N 65% 66% 68% 71 66% 69% 104% 104% 1 103 % 104% Light 3s 1973 1977 3%s A-0 J-D 107% mtge ser A (3% fixed 1% contingent int) : ser A 1993 & 1% Detroit mtge Gen & ref 3s Gen & ref 3s Detroit & A series H 2%s Mack Second & J-J 64 .1966 M-S .1970 I J-D .1982 80 — 88 166 gold 4s .1995 J-D 1995 J-D 4s 91% 64 65% 1 79% 4%s__ .1961 98% : 108 'A -53 108% Kansas M-S ser B_. .1976 .1961 •• ' 98% "73 — "50 — J-J •' J-J .1937 Co 2%s____ 1977 ; 18 104'/a 88 < 5 -98% 105'A 109'A 73'A „ 71 70 8 88 88'A 103 »/a 6 47 ' 46 98% 46 F-A 100% 100% Ga Div 1st 5s 1956 M-N "111% 1995 J-J "145% Elgin Joliet & Eastern Ry 3%s 1970 Af-S "104% El 1965 A-0 "105 1965 A-O "105% 1st cons & Southwestern Paso 5s (NY) 1st 5s stamped 73'A 70 105%. 88 88'A 97% 99 >/4 13 46 48 6 100 101 % 112 __ 112 — 105 105% 105% 103% __ 105% __ Erie Railroad Co— Gen mtge 4%s inc A 1st 1st 1st cons cons Ohio for 1964 mtge 3%s ser F cons Div 3%s mtge ser mtge footnote see 2Q 66% 2000 J-J 1953 Af-S M-S 100% 99% 100% 114% 114% 114'% 114% 100'% 100'% 26 101% 103 60 % 2 29 107% "100 "53 "108 1964 Af-S Light 4%s conv debs—1963 Lakefrqnt Dock & RR Terminal— "98% A-0 1959 Af-S A-O 1997 ctfs Laclede Gas 1st Lake mtge s f Sh 3%s "170% — — — 102% 102% % 2 110% 112'/a Nitrate Co 1997 J.-D 1975 Deo 90% 91 —1970 A-0 96% 97 1954 & Mich Sou J-D J-D 1997 A ser F-A —1968 gold 3%s registered Lautaro A 1st 3%s mtge income reg—1 Lehigh Valley 5s stamped 5s stamped 5s stamped Coal 96% 90 90'% 11 90 91 2 95 —1974 registered ; 90 96'% 4 90 96% 91 91 3 91 93 F-A 65 66 6 65 70% J-J 67 68'% 18 67 72 Va 35'A 38% 338 35'A 41% Af-N Af-N 89% 84% 89'A 5s 2003 Af-N Af-N 86% 83% 87% 99 99 Lehigh Valley Terminal Ry ext 5s_1951 Lexington & Eastern Ry 1st 5s 1965 Liggett A-0 90 35% 37 A-0 A-O & modified Myers Tobacco 5s -1951 101% F-A F-A 1964 1 Lehigh Val Harbor Term gtd 5s 1954 I^ehigh Valley Ry Co NY 4%s ext_1950 Lehigh Valley RR— 4s stamped modified: 2003 stamped 97 100 "101 Af-N '-1 94 Co— 2003 2003 •' 94 88 94 Lehigh Coal & Navigation Co— 2003 > 113'% Ltd— 4%s stamped modified 4%s registered — 101% 75'% J-J 96% 1 "93 101% J-J 72 133 95% "86% - 105'A 99% "100% 65 67% 95% J-J 103'A 79 101 J-J 95% 65 A-0 1971 G__ 3'As nnpp J- J 1990 mtge 2s ser H___ 1st Jan 2015 101% 56 101 J-J J-J Kings County El L & P 6s Koppers Co 1st mtge 3s 4s ser 1st cons mtge 3%s ser E 11 104% 105'A 99% 103 98'A 46 101% 101% 101 1961 i _• 96 101 __ 1047/e —1961 Plain unguaranteed "101% 105% 7, ' 103% 104% gold 5s Ed El 111 —1975 2%s_—1974 S F mtge 3%s ser A East Tenn Va & 3s__1950 1968 City Terminal Ry 96 100'A "101 110 108'/a 108% Af-N Chemical 2.35s debs—> tSADul So Shore & Atl gold 5s 97% 82 X ' Tunnel 10 74 "97 J-D A-O A-O J-D A-O tAKreuger & Toll 5s 8(3 104'A 104% J-D Dow Light 65% 108% 108% M-S .1958 Det Tol & Ironton RR 2%s Duquesne 23 ' ; 1st lien gold Detroit Term 64 Apr .1993 < series debentures conv 89 fixed int) 3%s series G ; J-D 1978 1st mtge 3%s series B 4%s contingent Edison 88 J-J — (3% 1st mortgage 2%s:——: Kansas City Southern Ry 1st '1st mtge 4s ser A 1 Central gold 4s ^_1987 Kentucky & Indiana Term 4%s—1961 Stamped ; 1961 (4%% 2018 Lake Salt Income 72 72 K 1st — contingent int) Denver A-O Lt & Kentucky Grande West RR— mtge gtd gold 4s__1990 City Power & Light 2%s^_1976 Pow 96% 1st A Income Af-S Central Kanawha & Mich 1973 ; tr 2%s____1976 102 May 1 7042 & J-D Jersey Kansas C ser Jamestown Frankl & Clear 1st 4s__1959 "98 "101% 102 division coll & Rio A-O 99 103% Co— 4-6s Power J-D 1965 "99% 100% div due & Essex Coll RR Western J-D 1965 j West & & ref Income Morris Denver debs J-J 1978 & Hudson 4s extended Delaware N 2%s A-0 1978 1st ' 95, 103 A-O 1st York¬ >;3s 93% 102% > 1957 4S—. A-0 . 96'% -LFeb 1957 1st 5s A 3%s A-O 3s 27 "102'A 102% gold Af-S 1st 94 'A 9 7'A 124'% 95 5 94 94'/a 96% gold .1977 Baking series A gold 5s 97% 121 % 126 1st "103% '• - — — 96% Extended 104% 104%, „ 5 -- 97'/a "93'% "119 101% .1982 Steel 97 96 103% 108 B Crucible 96 96 __ 106 A Continental 61 100% ser Power f 5s s 2%s Telep 2%s series A Central ser ,Consumers — It 98 54 % "97 96 A-O 95'% 8 .1965 D 68 2 122 105% 104'A mtge series 12 56'% ' 87% 104% mtge 3s . 101% 62'% ref ref — Af-N ..1978 income 5s ref ref 1st Corp Manhattan & AAdj & & 97 68% & 1st & J-J _1976 2%s M-N Hudson ist 1st . H 1st 23/4S 25/8s mtge 2%s 1968 M 1st 3s—L_— J-D _ 104 % 104% J -J 4 . 10% 103 97'A 1 .1961 3Vis New 104 Vi 9'% 102 54% 55'A 1962 61% "105 J-D Edison Apr 1949 81% 13 106% 106% „ , 70'A 97 A-0 _ "47 47 F-A 3s series N Cigar Util 68 1969 Jan 2044 __ Louisville Div & Term gold 3%s_1953 3s series L 1st mtge Consolidated Consolidated States 1st mortgage •: 96'% 35 99% 100 68 69'% 102% 103% F-A 1st mtge Conn River Pwr J-J 5 9'/a 78'A 95'A 11 — 102% 103 J-J Commonwealth Edison Co— Conn _ seris D inc 4s ser B Collateral trust 3%s Gulf , 3'As__ -July 2015 B 1970 ' 1st ref 3%s Gen mtge J-J . 70'A 77% 95'% 9% 93 89 75 RR— series mtge inc 5s ser A 1st & 92'/a 7 „ ' 96% 86'A — 10 95% 9 % 117% 93% 76'A 95% 102% — 89 "65'A A-0 _1975 94 87'% 110'% 121'% 116 48 76'A .< Feb -1959 1st mtge 3s series B M-S Toledo Gen Ohio & ref 4s Illinois Columbus & B 1999 —1 102'A 102'A El & 95 % 95 • Feb 109% 87 1007/a 120 3 _ J-J Household 92 83% "104% 105'A Ohio Mobile 1st 17 __ 117% 117% • . J-J _1961 Hocking Valley Ry 1st 4%s: 29 A-0 Columbus Gulf —. 61'% M-S Sou ctfs ' J-J A_ Greyhound Corp 3s debs____ Ry— Af-N '< } 99% 105'% 103 105% 100 12 107% 107% .103 I-* O O __ 1 85% 1st -1973 103'/a 2 95 J-J 101% 115 (stamped modified) -1980 Columbia Gas & Elec 3 Vis debs_. -1971 3V4S debentures -1973 & 2000 -2010 Bay & ADebentures J-J -1982 _ Q— ser 1 100% 100% — 107% A-O . 1990 — J-J "101% A-O -1972 4Vis N ser _ Af-S 10 63'% 105% 105% F-A 103 '/a 85% "121% J-J Hackensack Water 1st mtge 2%s__1976 79 & Pittsburgh RR— Series D 3%s gtd -1950 Cleve Short Line 1st gtd 4%s -1961 Cieveland Union Terminals Co— 59 109% 109'% J-J 107'A 99 1 "104% 105 — 59 100% 92 83% "84% J-J ; 65'A 103% 100% J-J _ 106% 60% J-D _ _ mtge AGreen «—( O O 85% 102'A __ 61'% M-N .1970 .1982 mortgage 3s_ Colorado 104% 119 • _ 1952 1973 _ _ _ 100 — 83% J-D .1977 Cleveland Electric Ilium 3s Cleveland J-D .1993 Div 1st "107'A B D 102% "101'A 101'% __ i 102'% • Af-N Gen 1U6% " B impt 4%s series E____ St Louis 26 — — 104% 56% 95 4 & M-S series Gen 103 104 104% 1 4%s Hudson Co Gas 1st . series 100'A 100% — . 20 / Louis Ry— gold 4s General 100% 104'% 59 J-D 1969 series 3%s 106% 102% 106% 106'/a 1st mtge 2%s General 103% 103 104 M-S 1st Cleve 5 Ry 5%s mtge 72 »A 104 J-J 1st mortgage 27/8s_ Cincinnati Union Terminal— City 104 ___1962 conv 4'As series D_ Cine Gas & Elec 104 59 59 60% "103 % 103% 1st mtge 2%s_1965 Co— Co Gen 77 70% "102 1952 76% , Chicago Union Station— 1st mtge 3%s series F__ 1st mtge 27/8s ser G_ 102 Ry— M F) Northern General 106% 90% 103 "101% 102 (B General "101 Memphis Div 1st gold 4s 59 Va M-N 1956 _ Gen 106 211 103% 103% J-D Gold 3 Vis 103'A 17 "102% 104 M-S deposit- General 5s series C_ ' Apr of inc debs_ conv Goodrich 54 52 Vi Certificates Gas & Elec of Berg Co cons 5s -1949 General Realty & Utilities Corp— 65 63 >4 Ry— 4s series A .1961 3s 77% 3 J-J High 87 20 • & 83 76'% __Jan 1 2044 B ser Chicago Rock Island 13 621/4 1956 Jan. 1 Low 120% • 76% 4s inc 4%s conv 118 GIVi — Range Since Sold No. 101% 104% 104% Af-N debs. & Rub Francisco Sugar coll trust 6S„ 74'A 1 v.- 85'A Chicago & North Western Ry— 2nd 43% 2 Tire tFlorida East Coast" 1st 4%s__ A 1st & ref 5s series A 6iy2 A__Jan 12019 ser 31 75 119 RR— B ser 45 119 — Firestone 98% 94% A 44 __ 1994 mtge 4%s inc 109'% 32 J- J A ser Gen 4'%s 97% ' Southern & 1-0 <'■' 97% Bonds 109% Jan 2003 A_: ser 111'/a 111'/a 44'A J-J 3 "100 ' 97% Af-N 1988 110 Jan 1983 A ser k •: Af-N 1982 A 111% F-A J-J AGen. inc mtge 4%s __Jan 1 2038 Chicago Ind & Louisville Ry— A 1st F-A 1985 Chicago & Erie 1st gold 5s Chicago Gt West 1st 4s series 110 F-A \ 1997 conv ser J-J High 39% 39% 1 37 40 39% 46% — — 42 42'% 47 81 44 73 19 70 74 120 120 107% 108'A 37 104 42'A ' "35 44 70 44 63 "119% 108 107% 108% 8 49% Is (724),. THE & FINANCIAL CHRONICLE COMMERCIAL v." Monday, February 14, 1949 NEW YORK BOND RECORD FOR RANGE WEEK ENDED FEBRUARY n JI 1 M Friday BONDS Interest New York Stock Exchange Period - ■. Friday's or m-N __19€2 ALcmbard Electric 7s series Lwillard (P) Co deb 5s 1®52 A Bonds Sold Bid & Asked Low Ltttle Miami gen 4s aeries A .' Week's Range Last Sale Price *mVa debentures Lwiisviile Gas A Elec Northern A-O 103'A 103% Prior 36 1966 M-S 107 107% 108 4 108 '/a 102% 19 1 103% , *. ret Louisville mtge 3s_ A Nashville RR— ■ 1st & rei M 3%s series F 1st A ref M 2%s series O 1st A ref M 3%s ser H a-o 5003 *82 A-0 2003, St Louis Div 2d gold 3s Atl Knox & Cine Div 4s 92% A-0 —2003 —1980 V m-N *93 1 92 30 92% 99 83 99 Jf-8 1958 99 1997 % *107% 93 — J-J >> ' 3'As M Maine Central RR 4%s ser A 1st mtge & con 4s ser B .I960 J-D *91% M-N M-N < 87 87 1960 /J-D Metropolitan Edison 1st mtge 2%t_l»74 Metropolitan Wat Sewerage A Drain (see Foreign bonds) 1 Michigan Bell Telephone Co— ' *101% IV 97 Va 101% 4%s i States Power Co— 1978 — Michigan 1988 — Michigan Cons Gas mtge 2%s lit mtge 3%s tSAMidland of N J 195J1 103% 104 *99% < 1979 M-8 M-8 1969 1940 M-8 1st ext 5s_ 1st mtge 4%s inc ser A AGen mtge 4s inc ser A Mo Kansas A Texas 1st 4s Mi»ouri-Kansas-Texas lien 40-year 5s 4s 4%s adjust ^Missouri Pacific A ref 5s series G & ref gold 5s A 1st & ref 5s 1978 series Essex 1st 105% 1979 2%s mtge Nnghvllle 5 58 gtd 84% 10 51% 48 69% 47 82 85'/« 67% ,18 66 67 70 Va 52 69 80'/a 66 67 *64 71% 69 69 72 78% 38% 42 556 38% 81 523 77'A 78% 80% 73 78'A 3s 80'/a 24% 447 22% 135 77 Vi 77"% 77'A 80% 217 M-S *60% 63% 1986 1978 1955 1955 St 1961 gtd 1 14 13 96 ! V/ 97% 95 i > 102% 97% vi 97;. / 100% 1 ' i •"' • > ■ Term 5s series 5s 81 Va 74 7 5'/a 91 91%" 58% 4%s 5%s Ntw York debentures 5s 1953 101% J-J 1 117 4%s f-a 92% 99% it ' 98'A — r M- 2 103% 17 93% 94 104% , 1 en CO Cfv 105'/a 92% 90 " 93 90% 13 95 Va- 95 89 40 87% 92 deposit— A 1954 deposit RR a"-o 95 94% 50 »5 94 >" 93 ______ A-0 59% mtge 3%s registered 1997 97'/a 93 * 57% 230 56 61 Va 59 60% 279 59 66% 66% 65% 68 78'% 78% 79% 1997 1998 F-A —1998 F-A 3Vis registered 56 A-0 J-J J-J Mich Cent coll gold 3%s 3%s registered 1998 F-A 1998 *73% 56% 147 65% 18 78 % Ref mtge 3'As ser E 3s 75 75 "9 56% 61 5 6'A 56% 56% 60% 58 58 74 57 56% F-A 56% 56% *53% 13 56% 63 — 81% J-D , 94% 97 1986 ser AO 92 92 15 : 92 92 B—1975 A-0 89% 90% 10 86% 91 99% 101 1st gold 4S_. N Y A Harlem gold 3%s— Mtge 4s series A Mtge 4s series B Lack A series Y New 1st A 2000 4s series M-N 2043 J-J —2043 J-J A 1973 1973 & Hartford mtge 4s ser —2007 4s 1954 AGeneral A West Elec A Gas ctd 4s gold 3s Falls series Ry Central ref for tr~ 4%s gen *__ 10 70 80 100 69 Va 78 ■ 72% 81 66% 284 64% ? . * 101 Vi 104'A 2 • 104 luO'/a 100% 100% 104% 104 % . 103 47 x 101% 104'A II % 100 ft A-O —, 63% 60 55 % 77 66 '/a 104% 104% m-n 103 .103 A-O 100 100 100% 101 5 101'A 103 102% 106 106 103 99% 25 102'A 104% j-d 104 5 j-d 100% 4 104'/a 103 101 *114% 124 101 % 114% __ 125 116 102'A 106% 33 108'/a 106 110 97 100% 97 99 76 97 101'A 98 A-O j-j A-O v 98% 61 96% 101% 100% 101'/a 94 99% 102 85% ■4 83% 108% 109'A 76 106% 85% J-J 1963 J-D ^ 4s ext 108% 87 *-_ 59 109% 1960 A-O Apr 1974 F-A Marquette Ry 3%s ser D 1980 m-S 1974 F-A *114% 1977 1961 j-j *106% 1971 j-d 100% 100% 5 99% 1967 M-n 101 101% 27 100% 100% 100% 3 100% 11 99% 99 % 2 101'/a 102% 4s A series 13 59 98 13% 13 34 104% 104% 1 97% 104% 18 98 96 61% 16 104% 98 '/a Wash RR Co- 5s B ret 2%s 2%s_i j-j A ref ref 2%s 1974 ref 2%s 1981 j-d ref 2%s 105% M-N A 101% v •r 102% 10 5 98% 2 *102% 108 m-n y *105% *103% . 115 109 105% 106% 9% 15 J-Dc F-A j, 9% 98%- j-d. 99% 102% 102 % 9% F-A 114 109 23 101% 101 % *9% J-J • __ __ 105% 105% 99% F-A 1978 s 9% 101% 97 100% 102 99% 10 9t» Va 107 Va ,.-• ii 10'/a 102% 107% __ __ F-A *107% __ m-n *114% __ 114 Va 114% 1 104'/a 107 105'/8 106% 13 104'/a 108 88% 14 101% 101% 1 106% 106% j-d A-O 105% A-O 88 'A U-N 1965 j-j 1958 1021/4 A-O 1958 debentures Pittsburgh Steel 1st mtge 4%s 88% 86 88:!i 100% 101'A 100% 102'A 101'/a j-d 102% 102% *101% 103 101% Pittsburgh A West Virginia Ry— 1st mtge 4%s series A mtge 4%s series B *__ 93 89'A 92'A 1959 A-O 87 87 87 87 92 1st.mtge 4%s series C 1960 Pitts Youngstown A Ashtabula Ry— 1st gen 5s series B 1962 : 1st gen 5s series C 1974 A-O 86% 86% 89 86% 92 1st gen Pittston 4%s series D , 1977 5%s inc debs Co Potomac Elec 1964 Elec debentures 1st & ref 1st A 1st 3'As 1st A ref mtge *101% J-J M-8 99% M-N 101'A 99'/a 99% 106 — 100'A 106% 109 — 99% 101% 101% —1968 3s J-J *107% 2037 20*>'» 1972 1968 5s mtge 8s ref *__' 99'/a 99% 101'A 101% 107'A 107'A Gas Co— ref mtge A 100'/a 100'/a *106% 1963 4s & — mtge 100% J-J 1983 Terminal Service J-J 1956 mortgage 3s Providence Public 45'/a 44 45% 459 44 48'A M-N *103% 8% ,-1963 8% 4 103% J-J *146'/a J-O *210 M-N *104 9 112 8% 4% 13 M-8 99% 99% 1 98% A-0 60% 62% 17 60% *95% 96% 12 106% J-J 4 — 58 146% 147 215 215 104 — 219 104% 107% 107% 1937 1937 J-J" F-A M-N 42% F-A 42 % *~ 18% 18% *69 45 5 63% 107% 19% Reading Co 1st A ref 3%s ser D_,_1995 Reynolds (R J) 70 46 22 75 97% M-N Tobacco 3s debs _1973 & Elec Corp— A-O M-S 91% 92 *102% 103'A *-_ 100% 102 86% 93% 102% 103'A 106 106% 125 Gen mtge ,1977 mtge .1967 M-S *107% ,_1967 M-S *106% _1969 M-S *106'/a 106% ,_1949 J-J stamped— -1941 J-J 4%s series D 3%s series H mtge 3%s series I 35 18% 73 ~2 102 Gen — 98 Va 1 1 rotop 3'As series t ARut-CanaGlan IS t§ARutland 4%s J-J F-A 100 Vi 102% 103'/a 101% 102'/a Saguenay US 108% 108% 108% 108% St Lawr RR J sxarspen *9 9% 10 10% 10% 9% 10 % 99 Va 104 'A J-J 1966 Co— 98 104% 98% 104% 104% n 2d inc Gas Rochester Gen 43% 35 37 102 11'A 100 __ 10 J-J 103% ■ 107% 1964 / Quaker Oats 2%s deb. 2014 1st gold 4s_1996 & ref 5s A 29. Power A gold Adir 3s 1st 99% 97% *__ 80 73 % 1996 *__• 103 1955 *100 1971 1996 series A gold 5s 6s St L Rocky Mt & P 5s stamped St Louis-San Francisco Ry Co— 1974 1st 1974 A2nd mtge 4s series A mtge Inc 4%s ser A 1997 Jan 2022 i *109 F-A J-D F-A mtge 3%s„ 1966 1 i J-D 1977 1st Pwr 1st mortgage 3 Vis 1981 r>*ge 93% 97 101% 69% May tv.it,— merles pp 99% " Apr 1990 1982 3%s mtge 5s conv & Western Ry 95% 97 Va 103% Pekin Union Ry 5%s 1978 F Power 35 100% 101 % 103% 104 104 1985 gold 4%s series C 3s 100 64% 1943 gold 5s N Y Telephone 2%s ser D_ Ref mtge 3%s ser E mtge 99% 64% 1940 5s— 1st Norfolk Southern 100 114 69% J-J 4%s §ATerminal 1993 2%s Y Steam Ccrp 1st 3%s JN Y Susquehanna & western § A 1st refunding 5s gold § AGeneral 99% *98 J-D N §A2d *_- J-J 1955 1st enns 96 93% , . 1984 series F Eastern A 1st *101 ' M-N M-S Light 1st mtge 2%s—1975 Putnam 97% 100% 100% M-N 4s___June 1992 4s N Y Power & State ref 26 ~ RR— A_ AGen mtge conv inc 4"%s ser A-2022 Harlem River & Port Chester— JAN Y Ont *96% F-A B Haven ref 1951 ' West 93% 95% M-S 1981 debentures conv 1st —1980 F ser 98 Va j-d Pittsb Coke A Chem 1st mtge 3%s_1964 73 New York Chicago & St Louis— mtge 95'A 103% F-A 1952 3%s mtge 3%s & impt 4Vis series 2013 Ref & impt 5s series C 2013 N Y Central & Hudson River RR— Dock II 98% 103% A-O f 4a^ 1937 .A Certificates of depositPhillips Petroleum 2%s debs 1964 Pittshurg Bessemer A L Erie 2%s__1998 Pgh Cine Chic A St Louis Ry— -- .Conk gtd 4s series F;—__—.—,-1953 Cons gtd 4s series G -1957 Cons gtd 4s series H -1960 Cons gtd 4%s series I —1963 Cons gtd 4%s series J 1964 Pgh Cine Chic A St Louis RR— Gen mtge 5s series A—,—.—1970 Gen mtge 5s series B 1919 Gen mtge 3%s series E 1975 Co— Connecting RR 27/aS .97 5 Pittsburgh Consolidation Coal— A gold D series E_ 3'As t§APhilippine Ry 1st 104 103 55 88 89 ; 93% * 1st 100% —«w-» p-a 93% 1st A 93 1956 97 1st A 103 % 1 92% " 102% 1965 A B series 4'As deb 1st 117% 103% — 103 94 101% 1968 series 1st A 1 a-o deposit of coll 101 Ry— Ref Shore _7 *98% J-J 1952 Philadelphia Co coll tr 4V»s Philadelphia Electric Co— 99 % 1104% 104% 56% 3%s 101% 103 % 104 Vi H J-J U 1965 General , gtd 4s__ Mexico J-J 103'/a 1960 General 105 % *100'/a 100% f-a 3Vis 105 *104 1998 General 11 105 % A-0 1952 103 ,rl: •f! * series mtge Phila Bait 104 117% 117% * 103% 101% 101% M-S f gold 4%s—1955 s sinking fund 4%s 4%s Gen *100 m-8 j.1983 1st debentures f s Gen f-A D series series 105 105 m-N 102 Va 38 *98% M-S Conv 100'/a 103'A deposit of Central 4s 5 1956 series Certificates 103% 103% .1954 of ACertlficates 103% 101 104% V 35 *101 J-D 1978 106 102% 4 89 »A 99% 23 J-J C Certificates 1 88% 89 99% 100% *98 Vi i\ 106 I •101% 102 % A-O Pere 101% ' ■ Peoples Gas Light & Coke Co— 1982 1st of series J-D i 10o 101% 102 % A-O General 78 % 28 t 1985 1987 General 46 1988 B_ Certificates A-O debs Tel 2%« & General 74% *87% • \ v .* „Vj*3,V 104'/a 101% 102% j-d Gtd 4s series E trust ctfs 101 Va 79% 1988 1st 4s JNew Orleans Texas A For 14 103% 103% 102% j-d 1986 Peoria A J-D _1952 Telephone 3 Vis RR Ntw Orleans & 28 97% 103% 103% J-D 1980 A 111 103'A 63 *99% r-A 1986 ——1981 ——1982 R ser debentures 3s "l 92 3%s debentures Cons Louis— Ref & Imp 4Vis series A_ Gen 105% Pennsylvania RR— 57% *91% Tel M Pennsylvania Co— 74 74 ref Pennsylvania Glass Sand 3%s 1960 Pennsylvania Power A Light Co— 1st mtge 3s 1975 78% A-O 2000 - - Nw Jersey Power A Light 3s—1974 Ntw Orleans Great Nor 5s A -1983 Ntw Orleans A Northeastern RR— Northern 13'/a 102'/2 *106% j-d _1977 A Passaic G A E cons 5s_1949 -■ 56 y8 56 '/a 2%s series P series N Pennsylvania-Central Airlines— * A3%s conv income debentures—1960 82 Va 101 ref & 3%s 101% 101% 56 % 3s Paterson 62% 103% *104% f-A M-N J-0 M-N M-N M-N 1958 77'A 61% ref Paducan 82% F-A & 3%s debentures 26% 80% B ser N J Junction Norfolk 105% ' 82% m-N AGen 15 104% 104% j-d j-d: -v'-v 2%s 82% 78% J-D Ref I : f • .VVl i j-d'-.v 1971 1 3 %s 44% 77 'A 77% 1967 Niagara j *95% < 1979 Pacific 82% 39% 77'/a 22% 1954 Y •». 97%. A-O —1974 1st 70 23 1966 lit gtd 4 %s series B 3l debentures New Jersey Bell N 99% 98 '102 -v: 1st A ref 2%s series Q \ 77% NaUgautuck RR 1st gold 4s Ntw England Tel & Tel 5s A N Y & 13 ■ 102% j-d L 1st A 74% 85 % ref 3s series & 1st 87 84 M-N J-D 1st 13 - j-d lst ,& ref 3s series M 34 72 82 , 1st 102'A 1991 3Vis Chattanooga A 1st mtge N J-J US .-I960 1st A ref 3s series K €2 58 101% 10 A-0 National Dairy Products 2%s debS-1970 3t debentures 1970 National Steel Corp 1st mtge 3s 1965 National Supply 2%s debs 4%s 99% 96'A i —_1970 1st A ref 3s series J N Y : 1st A ref 3%s series I A Income N J' U; ■J'i Peoria 1st 105% 105 '/a 103% — J-D 3s N Y U-N K 102% 102% 1981 I Constr M 5s series A Constr M 4%s series B N Y *__. 102Vi F-A 100 1980 H Mountain States Tel A Tel 2%s 3V«s debentures Lake A-O 98% * -_1975t 106% 100 21 98% 1949 series Mob'k A Malone 1st gtd gold 4s Monongahela Ry 3%s series B Morrell (John) & Co 3s debs Morris & / 69% 82 "'A M-B M-8 M-N 1977 A ser A 1st Cons A-O -:v A-O 81 74 50 50 69'A A-0 1975 A A 15 95 89 101 Va ■' F-A ___1973 101 Va 101 Va 84 ,, J-J 1965 F gold 5Vis 84 J-J Jan 1967 series A series A 1st 17 63 98% - 1977 Oklahoma Gas A Electric 2%s Co— 5s AConv 5 9 74 58 J-D 1978 A ref A 1st 94% 102% 98% 102 102 J-J 1st mortgage '3'As—_^:_—>—L-l978 Oregon-Washington RR 3a aer A__19oo 100 Va 102'A 102'A J-J ' 1962 D & A %■' Pacific Gas A Electric Co— *102% 104 J-J J-J -1990 B A 1st Albi 95 103% 104 105% 106% *__ A-0 1962 series RR 74 74 A-O Jan 1971 Jan 1991 A series 5s A 1st & ref 5s A General 4s A . :; 1978 tOgdensburg A Lake Champlaln Ry—' § A 1st guaranteed 4s_ : _^1948 Ohio Edison 1st mtge 3s .--1974 RR— series series Hen ACum A 1st 94« -V 1975 __ 101% 101% M-N J-J 1952 C Minnesota Mining & Mfg 23As 1987 Minn St Paul A Sault Ste Marie— 1st ^ A-0 mtge 3%s_1969 1969 1st 1st Prior 88 90 • 94"% Central— deck Lans & Sag 3%8 l«t gold 3 %S Ref & Impt 4%s series Prior 61 84' 9 64% ■ M-S . . debentures 94'A ' ' 3Vas J-J MrS -1914 mtge 3s— debentures 1st 103 100 Va ;102% 103 M-N < 97 4 59% 8 * O 93'/a 89% 8aVa 10 97% i 2047 — v - 71V'4 92 % _5 68% 97% / 69% 95 87 *__ J-J 9 71 70 <J-D 1954 Mao atl Sugar 4s sink fund—Feb 11957 Manila RR (Southern lines) 4s 1959 llu Dept Stores, 2%s debs 1972 Matd Corp 1st mtge 3s: 6 87 Va • J-J 101 Va 100% 101 Vi *98 M-N 4 v. , 101'/a 98 61% ' 1st mtge 2%a_— Northwestern Bell Telephone— • i- 106 Va-' : 102 l 28 - 61% 87 Q-A 2047 (Wise) _lt72 ?i • High Low 62 61% .62% 61 -2047 (MinnX 1st mtge 2%s 1st mtge 2%s 1st Macy (R H) A Co 2%s debs ■ Jan. 1 No. < 100% 100% 61% Q-Fr i._2047'- ' .. 107% High 104% 105 Q-J Jan 12047 trust Northern 93% " Range Since Bold ' Coll 83% :y99'% 107% — .. 92% ' 79% 99% Bonds Friday's, or Bid & Asked 104% Q-J 1997 4s , 3s registered Rqf & impt 4%s series A Ref, A impt 5s series C Ref A impt 5s series D 106%'107 Va ir Week's Rang* Last Sale Price Pacific Railway— lien 4s registered General lien 3s • lf-8 3 Vis io8 108 • 1st A Friday ) Period- ( F-A ——_1S63 . . • Low — 126% :: 1951 1978 9s Interest •* High Low «# , New York Stock Exchange Jan. 1 . No. High MJ Q N J) g Range Since ■ I-S 98% 76 86 86 99 %' 99'A n 1" .Volume-169 THE Number-4777 .' COMMERCIAL & FINANCIAL CHRONICLE (725) "29 NEW YORK BOND RECORD RANGE Friday Week's Range or Friday's " ;/\" j ■ Interest BONDS i . Last Period New York Stock Exchange Sale Price St > Lou is-Southwestern Ry— vlst 4s bond "M-N 2d High No. 108 % 108% 4s inc bond ctfs Nov 1989 Gen & ref gold 5s series A 1990 St Paul <fc Duluth 1st cons gold 4s_1968 Low 1971 A-O •100% •127 Paul; Union Dept 3V«s XL Scioto V & N E 1st gtd As Seaboard, Air Line RR Co— - ,/• .'•90 J-J 102 1989 105 J-J Jan 2016 AGen mtge 4'/2s series A J-J _1966 Union Oil 2'/»s debs 1971 tS ^Silesian-Amer Corp coll tr 7s__1941 Skelly Oil 2%s debs 1965 A-O Socony-Vacuum Oil. 2'%s 1976 J-D 1963 A-O Sons 2%s & Shell South & Nor Southern 3s Ala RR Bell gtd 5s Tel & Tel United Biscuit 2%s debs debentures. debentures 1985 • • 14 40% 1 5 95% 50 43 N •95% Va 102% 100 % 94% 97 97% 75%- 75% 6 74% 76% 140 100% 93% 93 94 % 135 92 90 89% 90% 90 >89 3 100 1st mtge 2%s 100 J-J 1996 J-J 1961 J-J _1994 J-J series F 1st mtge 2%s series G Southern Ry 1st cons gold Devel 1986 ... ' 100 5s_ 86 A-0\ 82% 94 115% 86% 82% 94 Gen 94 84 87% 6 80 84% 10 94 95% 30 111% gen 4s series A 1956 97% 93 95 3 4 gen 6s series A :1956 .A-O 106 105% 106% 20 105% gen 6'%s series A 1956 A-O lOf) 109 109 9 108 1996 J-J 106 106 1 106 3 '/as 102% 102% A-O 1985 debentures 102% 97% M-N 1983 ; ASpokane Internat 1st gold 4'%s„2013 Apr •51% Af-N 103% 103% Standard Oil of Calif 2%s debs Standard Oil (N J) deb 2%s 1966 1971 F-A Sunray Oil Corp 2%s debs 1966 J-J Swift 1972 J-J 1973 U-N & 2%s Co 2%s debs debentures 3 95% 57 98 96 2 104 103% 97% 94% West Penn West 97 97% 97% 101% Western 98 Texas & 2019 New Orleans A-O 1965 M-N 99% 99% 100 105% 1st & ref M 3%s series 1st & ref M 3%s series C 1990 A-O gold 5s 2000 J-D Texas Pacificist & B Thud A RR of Orleans 1985 Ry 1st ref 4s income 5s •98'A 99% 105'A 1st 1960 •101% & Ohio Cent ref & impt 3%s__1960 Gas & Elec 1st gold 5s 1949 40 J-D m-s 1961 & 1st Electric Co Mo of 344s 1971 A-O Union Oil 2%s 1968 Calif of deb 3s Co & § A 1st Union Pacific 27%s 1976 2'%s mtge 109 A A Mfg series C 1991 10 M-S A— 92%; 52 ' 51'/a 2 52 52% •98 100'/a J-D ,106 92 J-D J-J M-S 106% 55 • . 108'A 58 • 108'A 108% :-.w- 35 106% 107% 108'A ' ' 106% 109% 58 59% 63 59 57% 28 57'/a 62 Yz 100'A 101 % 6 99'/a 100% 84 100'A 100% 99% 100 . M-N 101% 101% 101% 22 101% 101% M-S 101'A 101'A 101'A 31 101'A 101% 85% 82 101'/a 101% 55 101 % 30 99% J-J M-S 100% 99% 1992 1st J-J 1958 A-O •102'A 102% 1960 4s M-S 1967 3s J-D 1970 D Af-N J-J •113 J-J •101& 86% 84 101% - 99% 100 101% 100 88 101 100 J-J 1949 1949 B Central 101 Ji •94% 98% 99'A 10 99% 98'A 99% 5 99% 97 96'A 99% 102'A 104 112'/a 112% Ry— of Public 99% 1973 mortgage S 85% J-J IP"7! series 1st 84'A deposit Service 73'A 80 72% 77 85 75% 44 49% J-J 1936 1976 44%; 47 %; Af-N J-D 46% 3'As 1971 1976 95% 97'/a •104% 105% J-J 2%s 46% 96% 104% 104% •96 J-J 100 Deferred 109 Included 100% not 100% • 102% 104 1 92% the impaired Bankruptcy Act, Included 93% A Bonds In the or by year's range, d Ex-Interest, sale not Included In 94 94 e Odd-lot the year's range, r sale not Cash sale ■ maturity. being in bankruptcy, receivership, or reorganized securities assumed by such companies. as •Friday's bid and asked prices; 103 92 not '93'A year's range n Under-the-rule the year's range, y Ex-coupon. in SCompanies reported 100'/a 100% 4 delivery sale the §Negotiability 104% 99% in included Power no selling flat. under Section 77 of sales being transacted during current week. ^ ' NEW YORK CURB EXCHANGE WEEKLY NOTICE—Cash In footnote a In and deferred the week In delivery sales which they AND YEARLY RECORD 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 No account is taken of such sales In computing the range for the year. are pccur. In the following extensive list we furnish a complete record of the transactions on New York Curb Exchange for the week beginning on Saturday, Feb. 5, and ending the current Friday, Feb. 11. It is compiled from daily reports of the Curb Exchange itself, and is intended to include every security, whether stock or bond, in which any dealings have occurred during tne current year. range Friday STOCKS— New York Curb Motors Acme Aluminum Acme Wire Adam Hat Co Alloys . Investors Air Convertible (N 1 common __ _ __ _ __ _ Great Power 4.20% Fisher & Friday Range Since Jan. 1 New York Curb 100 1 Jan 1% Jan 2% 500 2% Jan 3% Jan $2 27% 27 Va 100 27% Feb 32% Jan $2.50 4% 4 3'4 500 4% Jan 4% Jan 1% 300 Appliance pfd 1 Inc Hard 1% Jan American Jan 7% Jan American Laundry Mach Light & Trac common 8% 500 8% Feb 9% Jan 6 Va 400 5% Jan 6% Jan American Jan American 6 % 3 Mfg Co 10 35% Jan 35% 1,200 5% Feb 6'% Jan 89% 91% 70 89% Feb 92'% Jan American Meter 93 3i. 50 91 Jan 94 Feb American Potash 1,400 4 4 — 4% " American Internat Investing Allied Products ,'Mich) Altes Brewing Co Altofer Bros Aluminum $3.75 3% Co Aluminum Goods Aluminum Industries Aluminum Ltd American American American Class * Mfg _ _ • common Bantam Book Cities Co Car Beverage class A_ common Power & Feb 47 8 Jan Class Jan 3% Jan American & Hoe American Gas & Electric Jail com preferred see naee 33. Jan 13'% 450 13 Jan 13% Jan 24% 25% 250 22'% Jan 25 % Feb Jan 20% Feb Jan 15'% Feb 3%r Feb 5% Jan 9 Feb 10 Va Jan 19 18% 20'% 51,400 15% 14% 15% 000 14% ,_1 3% 3% 4 18,100 Amer 2 ♦ class American Jan common A 36'% 36 400 36 Feb •41 23% Jan 27 Feb Jan 26'% 26% 125 26'A 25% 26'% 1,500 22% Jan 26% Jan 21% 3,400 21% Feb 25% Jan 2% Jan % 11,500 • • Jan 3 Republics 21% 21% 10c % % • CO'A 10 Seal-Kap common Superpower Corp common series preferred • 2 16% Jan 5% Jan 6 Jan 8 Jan 9 % Jan American Thread 48 Jan 51% Jan American Writing Paper common——_5 17% $6 5% 3,700 95 94% 95% 250 93% Jan 95 % 24% 25% 300 24% Feb 26% Jan Anchor Post Products 60 61 2,550 % 58 3% Jan Feb % Jan Jan 02'% Jan 4% 4% 100 4% Jan 4% Jan 5% 5% 5'% 2,500 5 Vs Feb 5'% Jan 5% 5% 5 % 100 5'% Jan 5% Jan 7% 7% 500 7% Feb 7% Jan 17% fl Feb 24% nreferred 5 % 5% 6 % 350 5% Feb 6% Jan Angerman Co Inc 47% 47% 49% 3,100 47% Feb 51% Jan Anglo-Iranian 1 1% 3,600 1% Jan 1% 1% 300 1% — — 1 1 Va 03 — Feb Jan Feb 1% 66 Jan Jan Amer Oil 2 ! • 6% 6% Co Ltd— dep rets ord reg Jan 6% Feb Argus 17% Jan 18% Feb Arkansas Natural 41% 9,200 37% Jan '42% Feb Common 111% 111% 175 Jan 111% Jan 6% 18 10 39 % 39% 111% 111 .6% 106% 15% Jan 2% 300 2% Feb 3 Jan 6'/a 7 % 1,400 6'% Feb 8% Jan 510 17% Feb pfd Tnc Gas common class A non-voting preferred 106% Feb 108'% Jan 1 6% 400 17% 1 1 850 2% 17 £1 Angostura-Wupperman Apex-Elec Manufacturing Co 900 17% 1 common Appalachian Elec Pwr 4%% 1 2% 13 24% 17% 25 - B 50% 1 * Jan 150 100 common Jan 34 •200 Light— ———_ Fork 30 Jan 25 Co Chem 48% — B Feb 32'% 20 Co & 49 1 Co— For footnotes 3 * common American 4%% .100 preferred 27'% 25 5% "*.• * 425 33 % 16% — common 28 % 33% 16% • America of 27% 5% 16% 1 common Jan ■ 1 5 — cumulative American Corp— common— _ High 2'% 25 Metal Products ' Allied Low 2,300 Jan 5% Range Since Jan. 1 High 2% 2'A 25 - common Maracaibo 35% 93% - Co preferred 5% 1 common— American Jan Jan Low Shares 1 preferred 1 % 5% for Week 1 preferred Rubber Sales Range of Prices 2V4 10c 7% 3 —— Sale Price Corp common convertible ' '"':- —• 100 _ convertible 35% — Exchange Par American General Week's Last High 8% 5% a 50 Low ' 1 11 STOCKS— 1 1 I;-- — 5 3 Southern Alabama Alies " in _ Alabama Airlines 4/' '•..•-'v. _ _ Electric Shares High • __ J) Air-Way Alaska • . 4% preferred for Week of Prices 2% 1 Inc Supply Mfg___ Surpass Shoe Swires AinsWorth Mfg common Inc february 1% 1 1 10 common Agnew Associates ended 1 Aero Air aveek Low warrants Stores for Sales Range Sale Price Par ACF-Brill Week's Last Exchange - 106 60 % 59'/a 59'/a . _ "l 106 •107'A Af-S 101% 6 101% 101% . F-A F-A 1951 2%s Certificates of deposit Electric Power 2%s 108'A 20 99% 100 F-A A-O ; 106'A 1951 Certificates 100 3 10 104'A 104 % 104'A 105'/a n76% ' 1950 § ASu & Du div & term 1st 4s Wisconsin RR— debentures Ref J-J J-D 6 100 general 4s 45% 99% 102% 102% M-N 1967 1970 debentures 100'A 89 Yz 106 101% Wisconsin 101 109 98% 10 . V; 100% 100% — 11 90% 90 Va May debentures 3%s mtge a M-N 1975 & coll trust 2%s mtge debentures 99'/a 100'/« 100 »A — A-O 5s Yonkers Elec Lt & 3s 100'A 10G 1960 conv ^Wisconsin U Union 97% 99 1952 5s 39'A — •100 — 76 99 99 Jan 2014 4s Telegraph Co— real estate 4'As gold 101'A •100 81 1 76 "Apr 83 8 .' 6 p2'/8 76 Union 71% 306 ' 82 : ' Apr .-—2361 ... Winston-Salem 97'A 120% 65 •101% ' m-s 1st 99% 101% 110 43'A .'(K'd Apr 1966 Gen & ref M 2%s series A_, 100% 100% 68% 39'A — •/■/IT/' 99 103% W 2361 guaranteed Wheeling Steel 3'As series C 99 92 118% — 65 A-O 98 4 99% 100'A J-J Trenton 96 120% 120% 99 % 101 Va 106 98 103'/a 1950 gtd 3'As series I 4s & debentures Wilson 99% •92 — J-D Jan 1960 Tri-Continental Corp 2%s debs ' ' J-J 3%s__1974 Ave Adj Tol New A-O 1970 Gen & ref M 3%s series E Texas Pacific-Missouri Pacific— Term 15 22 105% 105% RR— 96 96 13 98% 1967 stpd Wheeling <fc Lake Erie RR 4s J-J 1985 deb \ . M-AT Power Funding 101% 2.65s imp M 4s series C imp 27%s series D Corp 3s ' "* .j _ 1971 Western Maryland 1st mtge Western Pacific 4'As inc A 2%s & V Af-N 5s Registered Terminal RR Assn of St Louis— & ^ - - . 3%s Shore 96 *101 % 101% 109% __ 96 •103% 104 A-O debentures 3%s_1976 Westinghouse El Ref 98 Yz G & W 2%s debs_1966 Ltg mtge 30-year Texas . . conv 103'A 107% '.'• (Hiram) 25-year Ref .Af-N 103% 42 95% Gen 51% 97 94% 51 % 102 % . -»97 97% •94% 1995 mtge 3'As series B Westchester 104 4 •103'% J-J A-O / 100'A 102% 21 •99% 101 Af-S 2003 Baking Co— V debs (subordinated) 1970 Warren RR 1st ref gtd gold 3'As 2000 Washington Terminal 2%s ser A__1970 102% 104 7 97% 104 1st 98% 8 98% 103% 1973 106 106 98% 109% 109% 5%s 106 95% ! Y , 105 Ward 110 J-J 76% Af-S mtge inc 4%s series B__Jan 1991 Walker 107 & : 94 75% TOO 1958 - Walworth Co 116% & 1951 High 100% 81 A-O f. Gen mtge 4s inc series A__ii.Jan 1981 101 Devel - Yz 93 % •76%. M-S • 1st gold 5s—1949 1st gtd 5s Wabash RR Co—• 92%- Devel Memphis Div 1st gold 5s St Louis Div 1st gold 4s Southwestern Bell Tel 2%s debs 99 94 1963 5s i| , , '•95% 16 115% 116% 95% Coal & Coke A . •" 'I 2%s series E 99% ... .1978 debentures—; Ry 3s series B 1st lien & ref M 3'As ser C 1 1st mtge 8 •95% ¬ Af-N 1975 3s series F mtge cons 101% r 100% lOls/o 100 Jan. 1 Low NO. High F-A 97 100% J-D •93 . A-O —.1957 Virginian 95'A Af-N - ref conv Iron 1st 96% ■ •97% • series B— f 4s s & 1st 3%s 96% M-N •) U-S. series A—1955 g 4s Virginia Electric & Power Co— 1st & ref mtge 2%s series E 101% 95 102% 102% •• - 1967 — cons Va & Southwest Co— RR 25 100% M-S 1st mtg 3%s ser A-1975 Pacific 97'A 96% Cons • _^1981 Sun Pr Term Southern 96'A 96 Vandalia RR , 4y2S . 69% 96 debentures Universal Pictures 3%s debs——1959 T18 102% J-J 1994 - , (Oregon. Lines) A—1977 4 Vbs* 1969 Gold ' „ J-J 4'%s Gold 101% 64 95% '/ 100% 100% F-A - , 1987 : Southern Indiana Ry 2%s_; Southern Pacific* Co—;' 1st 100 A-O Af-N Range Since Sold 101 % 73 2%s debs Bonds Friday's or Bid & Asked V 95% J-J 1979 : 27%s 100% 14 67 'A 96% 100% 2%s 103% 101'A 40% J-J Week's Range ; Sale Price 99 Yz ' 1966 1976 Rubber S 90 101% Co— debentures 2%s 96% Last Interest Period x- it- 1 •95%' F-A ;; U II 64 65 : Low 109% 85% 64 „ 101 J-D (Jos E) 9214 101% 102% M-N 1996 1st mtge 4s series A Seagram J-J B O N D S- New York Stock Exchange 1.: ; Nigh \-V V ' 9 ; • J-D St <• 11 'r .-•'■v Jan. 1 , •'V.". '• 1989 ENDED FEBRUARY Range Since • Sold . certificates WEEK Friday Bonds Bid & Asked Low FOR 3 3 3 % 1,300 3 Feb 3% Jan • 6'A 6 6% 1.900 5% Jan 7 Jan * 6'A 6 6% 13,000 5% Jan 7 % Jan 10 10% 10% 1,400 10% Jan 10% Jan 100 106% 107'% 10% 30 THE (726) RANGE EXCHANGE CURB YORK NEW 11' WEEK ENDED FEBRUARY FOR Monday, February 14, 1949 CHRONICLE & FINANCIAL COMMERCIAL Friday Friday !• BTOCK8— . Sale Price New York Curb Exchange ft»nr« of Prices Shares Arkansas Power & Light $7 pfd Equipment Corp Ashland Oil A Refining Co Associated Electric Industries— American dep rets reg Coast Coast Line Co Atlas Avery (B F) ft Sons 6% preferred 7 % Co & (L) 1,200 Feb 37/4 Jan Feb 517/2 Jan 2% 45 250 50 4'/2 Feb 18 '/a Feb 21% Jan J an 5 Jan 471/2 477/2 Jan 10% Jan 25 Jan Feb 14'A Jan 157/2 Jan 477/2 Feb 7 7% "51/4 Coro 617/s inn 106% 100 Jan 1 Jan 6 7/2 Jan Creoie Feb 107/2 Jan Croft 57/2 Jan 1 9'A 9% 97/4 Jan 1 17/2 1% 11/2 Jan 1% Jan 25 33'/4 33% 331/4 Feb 34% Jan 1 8 7/4 8'A — Blckford's Inc common 1 Blrdsboro Steel Fdry & Mach Co com_* 13% Feb 7 7/8 7% Feb 9% 9% Feb 1 2% 3 2% Jan 3 7/b Jan • common Blumenthal (S) & Co common Bohack (H C) Co common 13% 7'% 9% 6 7/4 6% 6'A Feb 7 11 • 27 27 24 Jan 33 717/4 63 Jan 74 18 17 Jan 217/2 6 Feb 15% • Breeze Corp common Bridgeport Gas Light Co Bridgeport Oil Co Brillo Mfg Co common 57/4 4% 1 157/2 16% Jan Jan 4% Jan 7 16% Feb Jan 6 • 22 22>/4 22 Feb 22'/4 Feb • 13'/a 13 7/8 13 Feb 13'/2 Jan 131/2 Feb 13% • Class A 13% Jan 15 Jan £1 Jan 11% Jan 10 Va li'A 21 ll7/8 10 >/2 19% Jan 20% £1 Feb 11'/2 Feb 1% Feb Jan 227/j 177/2 94 . Jan 10% Feb 17 Jan 17% Jan 89% 9'% 1,700 300 17/4 300 1037/8 Jan Jan 37/4 Juil 17/4 1,700 Feb 3 1,600 37/B Jan 1% 137/4 Jan 2% Jan 300 97/2 Jan 10% 117/2 127/a 7/2 Feb 13% Jan Feb 28% Jan Jan 2% Jan 1 9% 10 Tobacco 2,000 Jan 8 Feb 8% Jan 4% 5 4'% Jan 14% Jan 4% 377/4 Feb Jan 3% Feb 30'/4 4% 15% Feb 41 Vb Jan 75 377/4 :40,' 337/2 4% 57/4 Feb 6 5% Jan 6% Jan 12% Feb 137/4 Jan 27/2 2% Jan 2% Jan 1% Jan 1% Jan 16% . 17 16>/4 5% 100 Jan Jan • lOo 85 50c 14% 30 Jan 33% 10 4% 4% Feb 5>/4 Jan 2% Jan x28>/2 Jan 31 Jan Jan 8 Jan 71/4 10 107/2 11% Jan 15% 7% Jan 9% Jan 2% Feb 2% Jan Feb 237/8 Jan 12 Jan 2 7/2 2% 20 217/2 117/2 11'/2 11'% Feb 6 7/2 6% 6!/2 Jan 77/4 13% Feb 14V4 Feb 9 97/2 6% Jan 10% Jan 2»/4 2l/2 2 >/4 Jan 2'/2 Feb 267/2 Jan 29'/2 Jan 137/2 13% 13'/2 Feb 14% Jan 9% Jan 10 .1 62 Yz • 50c 63 60 >/2 Jan 64% Feb 32'/2 Jan dep rets ord reg_ Amer Jan 97/2 Jan 1 1 Jan Dominion linage class A Domestic Credit Corp 207/8 uo lui Dominion Steel St Coal class B 11'/a 500 11. Jan 11%Jan Dominion Tar St Chem Co Ltd • 191/2 20% 3,600 197/2 Feb Dominion Textile Co Ltd common • 10'/2 11 200 '107/2 Feb 22% Jan 127/4 Feb 7,700 7/2 jan 12 %o 17/2 3,700 17/2 Jan 13% 25 11 47/4 41/4 % 7/2 200' 47/2 47/8 'Jan % 2 Jan Jan • 10 Corp Draper Driver Harris Co 25o ""7% "7% Jan 8 * 4% 5 4% Feb 5% 5 77/4 77/4 77/4 Feb 77/4 6% 7 6% Jan 77/4 Jan 1% 27/8 Feb 2 >/2 Jan 20 7/4 5 7 Jan 1% 1 Texas Sulphur 2 10 2-8 Jan 11% Jan Jan 5'/8 Jan 11% 10 Feb 4% Feb 12>/2 Jan 41/4 Jan 2 • 1 • class B common 10 5 4% 12 «/8 11% 1% 207/4 207/4 Jan Jan 207/2 Jan 21% 21 • 700 20% Jan 22 Jan 20 * 8% 9% 8% Feb 10 '/a Jan • 8% 8% 8% Feb 9% Jan 1% Jan 100 717/4 ~1% 5 18 87/a 1 8>/4 3'/4 2.50 3 • 41 1 2'/4 £1 12% 1 %' Feb 18 Feb 200 8 900 275 41 110% 110% • 2,500 200 l7/2 18 3 7/8 Jan 21 8 V2 Feb Jan 1 Feb 3'/2 Jan 40% Jan 41% Feb 3 Jan Feb 111 7/4 Feb 3 Feb 12% Feb 12% Feb 3% 100 22,000 Feb 4% Jan 1107/2 2 *- ^ 12% 100 6d 1 • 3% 10 34'% 1 4 36 Jan 34 Jan 4% 4 Feb 4% 76 J/2 Jan 787/2 Jan 121/2 Feb 15 Jan Jan 877/2 Feb 63 Jan 50 50 7/2 Jan 54V2 Jan 12% 300 127/2 Jan 137/4 63 650 61 Jan 641/2 Jan Feb 10 Jan 12% Jan 11% 7'/a 2,000 38,200 10% Feb : Jan 150 40 140 Feb 1,500 6 Jan 77/4 Jan 10 '/2 300 9% Jan 11% Jan 4% Jan 6% 1 7/4 3% 3,900 120 600 6 »% 100 11 11 5 3% 100 >/4 3% 7,100 1% 97 100 »/2 Feb 6 Jan 6% Jan 11 / Feb Feb 12% Jan Feb 1% Jan Jan 347/4 Feb 4% Jan 16 Jan 17/4 32 1 4'/4 1 Feb v 4% 500 4'/a Jan id¬ 5,900 % Jan 75 15% Feb 18 Feb 7/2 15% le 13% 151/8 Central Maine Power Co— 3.50% preferred 100 . Central Ohio Steel Products Central Power St Light 4% Central ft South West 1 pfd Corp 1929 Consolidated Mining Cockshutt Plow Co common Colon Development ordinary For footnotes see Feb 175 51/2 Feb 6% Jan Feb 9% Jan 3% Feb 4 page 33 Fairchlld Camera ft 1,700 7% 100 71/8 Feb 7% Jan 10 Ye Jan 10% Fire 12 13 1,000 12 Feb 13% 60 Z 63 •7300 4 16 «/4 16% 59 Jan 647% Jan 200 16 '/4 Feb 17% 7>/a 7'/4 400 6 Jan 8% Jan * 7 7% 900 6 Jan 8% Jan 1 38 7/8 1% 8,100 41% 44,400 Feb 1% Jan 38'/8 Feb 12% Jan 46% 12% 500 15% 50 3'/a 13 Jan 10% 12'/2 15% Jan 10 »/4 Jan 16% ® div cum preferred (MH) Co— 5c to $1 Stores Ford Motor Co Ltd— 16% Jan Feb 4% Jan 8'/4 Feb 10% Jan 65%. Jan 64% 60 59'A Jan 27/a 2,700 2% Jan 30'/a 50 1 57/4 dep rets ord reg— of Canada— Amer Ford Motor x21 Class B voting Ford Motor of France— Pitt bearer Co Brewing Pox Brewing (Peter) conv preferred / 2% 1,400 200 30 Jan Jan 15 Jan 5% 4% Jan 19% Feb 21 Feb 23 x21 Jan Jan 33 Feb, Jan Feb % J an Feb 87/2 Jan Jan 8V4 Jan 24 7/8 Jan 257/2 Jan 77/2 Feb 9 Jan 10% lO'/a Feb 13 Jan 14% 14% Feb 14% Feb Jan 927/8 Feb Jan 6 % Jan Jan 1% Jan 18 8'% 450 7% 8 8 200 1 50 5 Jan Jan 7% 8 1,400 7% % 9% 1 —1.25 Franklin Simon ft Co Ino common 4Yafo 20 % Amer dep rets Fort 800 22 19% Class A non-voting 7% "7% 700 10 Jan Jan Fuller (Geo A) Co 3% 2,100 Jan 3% 1% 6,900 1% Jan 2 Jan 7% 200 7'% Feb 8 Feb Garrett Corp common 2 267/2 27% 600 267% Feb 32 Jan Gatlneau Power Co common • 5% Jan Feb 3% Jan 7% Jan 1% 77/2 • —— Feb 3% 15 30'/a 1 II »/2 -jj 20 2% 13% 5,000 Jan 15'/2 63% (Phlla) Association $2 Jan I 97% Fishman Feb • 4 8 7/4 1,200 10,900 3% • First York Corp common—— rp Jan 10 ] 1 ~ Jan 5 Instrument Airplane Fansteel Metallurgical Fair child Engine ft Jan 77/s 1 Co 62* Jan 6 7% 51/2 1 Products Jan Feb ~3% 1 Co Feb Jan 7% 51/2 10 & Lambert Mfg Clinchfleld Coal Corp common 55 . 10 5'% -5 Co Claude Neon Inc common Aluminum 5'/2 ~3% -1 Clayton Club 140 Feb 11% Jan 57% 81/2 5»/2 10 10 City Auto Stamping City & Suburban Homes Mfg 57 475 10 Cities Service common Clarostat 55 6'/2 2.50 Cherry-Burrell common Chesebrough Mfg common Chicago Rivet & Mach Chicago ft Southern Air Lines Voting trust ctfs Controller 5 '% —1 100 Chamberlln Co of America Charis Corp common Clark 10% 5 Century Electric Co common Cessna Aircraft Co common Chief 13 100 SCentral States Elec 6% preferred—100 7% preferred 100 Conv pfd opt div ser—x 100 Conv pfd opt div ser 12 7/2 Jan 6% 140 97 10c Equity Corp common $3 convertible preferred Esquire Inc Eureka Corp Ltd— Eureka Pipe Line common. . 87% Jan 85% 4 341/2 Empire Mlllwork Corp Emsco Derrick ft Equipment Jan Feb 50 10% 100 1 3% pfd "2% 6«/8 1 Empire District Electrlo Feb 59% 140 1 Inc Jan" ~2 50 10% 1 $7 2d pfd A—* Option Electromaster Feb 707/2 74 125 7% * warrants Electrographic Corp common 77 Jan 627/a 1 beneficial lnt Easy Washing Machine class B 1,000 Jan 12% 507/2 $5 pfd shares of Electric Power ft Light "2>/8 Feb 72 62% 59% shares of beneficial lni Com 300 73 2 2 Eastern States Corp_ 425 77 71 3% 1,800 3% 3% 74 % Electric Bond ft Share common 1 2s preferred Eastern Malleable Iron. 6% - 3% 74% * 10k 100 Fuel Assn common prior preferred -4Y%% preferred series $6 preferred series B_ Eastern Sugar Associates— .* Light $5 pfd Carr-Consolidated Biscuit Co • East Gas ft $7 • Catalin Corp of America Feb Jan Jan • Co Feb 71/2 6% f Co Duro Test Corp common Feb 1 Marconi & Jan 1 voting (A M) 4 47/4 Jan n £1 1 (J W) Co common Products common Jan 75'/2 Co Power Duvsl Carnation Co common Carolina Power & Castle 3% 3% Jan 32 Jan Duke 900 Jan' Feb 8!/2 87/2 Jan 132 11% 13 20 Jan 11V4 Jan 132 1 Dobeckmun Co common.—. Feb Capital City products common Carey Baxter & Kennedy Inc Amer Jan 2% Distillers Co Ltd— 8 7/a Class B non-voting Casco Jan 30% lO'/s 1 Jan 6 3 2% 10 Raynolds class B Diana Stores Corp common 187/4 6Ya% preference Canadian Canners Ltd common Convertible preferred Canadian Industrial Alcohol- Carter Jan Jan 5% 5% 8 Steel Products Detroit 200 Canada Cement Co Ltd common - Jan Jan Feb 31 5 100 Oil Co new com Detroit Gasket & Manufacturing Detroit Gray Iron Foundry 1,100 Ltd Ltd— 6% 6 Feb 13'% 29 1 dep rets A ord dep rets B ord Jan . 13'/4 5% 1 Derby 9 Callite Tungsten Corp Camden Fire Insurance Amer 103 5 '% Day Mines Inc Dayton Rubber Co class ADejay Stores common Dennison Mfg class A common 19 American • Feb Jan 17% Feb 102% 5 Jan : 34 Jan 30 34 30% 8% dep rets 5% pfd Calamba Sugar Estate Calgary & Edmonton Corp Ltd Calif Cotton Mills Co California Electric Power Carreras Jan 77/2 32 2.50 18 7/4 • Carman & Co Feb 1 Feb 2% 26c • 10 Amer deo rets ord reg Canadian Jan 12'/2 12 2.50 Canadian Industries Ltd— 7% preferred Jan 42, 5% Davenport Hosiery Mills Davidson-Brothers Ino common Durham Hosiery Class A Feb 6 6% 13'/4 1 • Co Feb 15% %. Jan 1 % 2.50 I Duraloy (The) Bread Jan 5 700 400 4,100 3% 47% Dunlop Rubber Co Ltd— Canada Jan 14 Feb % 2,400 8% 8 15 6 * common 2.50 common Jan 11 2,100 % Inc common Curtis Mfg Co (Mo) Jan 2,300 II • Buckeye Pipe Line Cable Electric Products Cables & Wireless— Jan, 12 2,000 Jan 2% 1% • 4% Jan 2 227/4 1% 10s Brown Forman Distillers common *10% 51/4 Devoe A Burma Corp Amer dep rets Burry Biscuit Corp 103% Jan 100 107/4 6% 8% debenture 20 • Bunker Hill & Sullivan Burd Piston Ring Co Feb Jan 140 100% 101% 2% * Crowley • Co cum Junior pfd Brown Rubber Co common Bruce (E L) Co common Bruck Mills Ltd class B Jan 1137/2 Jan 6 Brazilian Traction Light ft Power reg British Columbia Power class A Class B 62 7/4 Jan 109 Feb 18 * Amer dep rets ord reg British Celanese Ltd— Amer dep rets ord Jan 50 Jan 70 25 British American Tobacco— Amer dep rets ord bearer Jan 58 7% 4,000 Jan Jan 13% 100 5%% prior cum pfd Borne, Scrymser Co Bourjois Inc 7% 61 7/8 6'A Curtis Lighting Feb Jan 60 7/4 6 '/4 Cuban 36 Feb 7'% 400 5'/2 Jan Jan 307% 7% • 1 Jan Jan 3 common Brewing Co Jan Jan 27 Jan 71/2 307/4 7% 9 Jan 357/2 36 36 • Jan 281/2 300 (ord reg)_£l 5 1 14 7/2 8 V's 267/4 • fetroleum Milner St Co : Crown Cent Petrol (Md) Crown Cork Internat'l "A" partlc Crown Drug Co common Crystal Oil Refining common $6 preferred Cuban Atlantic Sugar common h% preferred Jan 10 J'n 27% • 1 Crosley Motors Inc Feb 47/2 29 >/2 12 50 161/4 5'/a Feb ... 17/4 convertible preferred 5% Feb 5 '/s Feb 4 ,2,100 Feb 3'A 3 3 1 Jan 57% 40% 4% 90% DO 1 * 1 * 5c Reynolds common preferred class A Courtaulds Ltd— American dep receipts 1 Jan 2,400 v 177/2 10 »/2 —1 * 5 .—10 Corroon & 10'A 1 Convertible preferred Butler (PH) - 5% 6 5% 1 common Oil „ 77% 1 • Inc Jan Jan 6 35 397/4 1137/81137/2 26 Continental Car-Na-Var Corp Continental Fdy St Machine Co Cook Paint & Varnish Co Cooper Distributing Co Copper Range Co Cornucopia Gold Mines 8% 15 X157/4 Xl5 5 Canada common Benrus Watch Co Inc British-American UV,.__ 36 7/4 Jan Jan 47/2 29 7/4 4% Jan 41/2 16,800 41/2 Feb 10,200 4'/8 1 — series B preferred _ preferred series C Consolidated Gas Utilities-; Consol Liquidating Corp Consolidated Mining St Smelt Ltd Consolidated Royalty Oil *7/-% '«/ $1 1 of Blue Ridge Corp Jan Jan Jan 3% 377/8 25 Cosden Petroleum common (A S) Shoe Corp Bellanca Aircraft common Blauner's 55 6 */2 4% 4 Shoe Machinery— Vtc ext to 1956 Consol G E L P Bait common Feb 357/2 357/2 7 87/2 Feb 23 150 1,000 Jan 97/2 300 50 357/2 1 Co common— Ties common Hedges 6 77/4 9'% 9Yz • Beck & Jan 24,700 4 'A 14V2 common Feb 3,200 5'A 19 18 % 25 & Beau-Brummel Benson 27/8 2% 7% High Low 5,300 3>A Compo Jan Seelig Mfg— Baumann Tel Jan 14% $1.20 convertible A common Basic Refractories Inc Bell Jan 22'/2 24'% Banco de los Andes— American shares Barium Steel Corp— Barlow % Feb 45 ®0 Rubber Jan S preferred Baldwin 7/2 197/2 0 25 Babcock ft Wilcox Co Baldwin Locomotive— Jan 375 * - 19% 300 1 Ayrshire Collieries Corp com Feb 167/2 20 '% 4% common Jan Airlines Colonial Sand ft Stone Co. Colorado Fuel & Iron warrants Manufacturing Co Commodore Hotel Inc Community Public Service % 19 V5B —1 Automatic Steel Products Inc Automatic Voting Machine 8 7/2 f-sfc-V 50 Corp warrants Plywood Corp Atlas 8,100 Feb Range Since Jan. 5'% Colonial Colt's 1 Fisheries Atlantic 7 800 11 Yz 16 Yz • • America Associated Tel & Tel class A Atlantic * V/2 7 *1 AsscMcted Laundries of v 113% Jan Shares High 4% Jan for Week Range 't of Prices Low High LOU) 1137/2 ---• 2*80 1 Sale Price Exchange New York Curb Range Since Jan. 1 am '-■£ Sales Week's Last STOCKS— ti>r Week Low Aro Sales Week's » 2,700 27/4 5% 12 4'/4 Jan • 5% 92 100 preferred Jan Gellman Mfg Co common Jan General Alloys 10 . Co 1 " • 88% 6'/e 6 1 '/2 1% — Volume THE Number 4777 169 COMMERCIAL NEW YORK RANGE Range Last Par 5% .L High 3% Low 3% 3% 2,200 High Jan Jan 23% 33 V* 33 "A 102'/a 102 VA,' Jan L'Aiglon Jan Lake Shore 7% Jan 8% Feb 33% Feb 35% Jan Lakey Foundry & Machine Lamson Corp of Delaware La n ston Monotype Machine & 3% Jan 5% Feb La 3,600 2% Feb 4 Jan Lefcourt 96 20 Jan 96 Feb 95 Gilbert Class Jan 115% Feb 106% Feb Line Jan 5 Jan Lionel Feb 18% Jan 9JA 25% Inc common Jan Lit 27 Jan Loblaw 19%. 20% 3,400 Feb 21% Jan Sugars class A 10% 900 10% Feb 11% Jan 13% 400 13% Jan 14% Jan 2% 700 l7/8 Jan 2% 42% 25 80 40 3,200 2 • Jan 41% 1 % % ~ ' Jan 43 Feb Jan Jan 53 % 4% 700 4% Feb 5% Jan 57% 300 53% Feb 62% 11% Corp _ 25o common $4.40 pfd 8% 100 Gypsum Lime & Alabastlne 8 Feb 111% Feb 13% Bridge Co Ltd xl36% Feb 142 Feb Maine Public Jan Mangel Stores 1,250 100 8Vs 38% 36% Jan 8 8% Jan 50 102% 25 13% 105 Jan 13% Feb 6 13% Feb Jan Feb Jan 7% Jan Jan 17% Jan 47% 100 47 Feb x50% Jan 2 Va 1,500 2 Feb 2% Jan 47 2 5 5 Jan 8% Feb 8% Jan 15% Feb 8% 8% 2,400 13% 14% 3,500 6% 6% 6% 200 6% Jan 25c 11% 11% 12% 800 11% Jan 12% Feb 8% Jan 10 Jan 9% Jan 11 • common Jan 8 a 9% 9% 95 95 "5"% "5% 1 3 Inc & Co A) Horn 8t Hardart new Service & Refining & Mfg stock 10% Jan 3% Feb 31 Jan 17% Jan Feb 40% Feb 71 108 Jan 21 Jan 69% Feb 79% Jan 2% Jan 3% Jan 47% 475 43 4% 2% ~3 400 21% 100 2% 20 • Jan 17 Co Co Amer dep Feb Feb Mfg 8% 8% 8% 4% 4% 1,800 14 Va £1 * 14% $2.50 14% International Cigar McWilliams Mead 108 Va 7,500 400 Jan 2% Jan Feb 18 1 3 .50 coupon preferred Corp Co Middle West $2 non-cum Midvale Co Mid-West Midwest 1 Miller 4%% 8% Feb 4% 10% Jan 100 10% Jan 11% 10 88% Jan 93 650 104 y2 Jan 11% 100 10% Jan 100 47 22 1% 4.80% cum • 3% ■ Plan Power Jan Jan 1% 1% 1,000 1% Feb 5 5% Feb Feb 1% 17 class A 5% 700 5% Jan 5% Feb 100 7% Jan 9% Jan 1% 1,200 1 Jan 1% Jan 6% 6% 6% 400 6 Jan 6% Jan 8% 8 8% 700 7 Jan 8% Feb 6% 6% 5,100 ~6% Feb ~7% Jan 1% 2 9,400 1% Feb 2% Jan 10% Jan 10% Jan 23% Jan 24% Jan t c_l Jan 1% u,<r, common Kings County 4% Lighting cumulative common preferred King Seeley Corp Kingston Products Klrby 7% Jan 4% Jan Feb 19% Jan Jan 21% 2% 2% 2% 3,100 2% Feb 2% Jan 7% 7 7% 2,100 7 Feb 7% Jan 31% 25 Jan 32% Jan 9% 1,500 • 100 • Fuel Gas Petroleum 1 (D Emll) *"ielTiert. (IB) Co Ltd common Rubber Co Brewing 1 Stores National For footnotes see Radiator National Rubber common page 1ft • 1 1 1 33. 10 9% common Jan National Steel Car Ltd National National Union Radio — 124% Feb 12% Jan 12% Jan 12 100 12 Feb 13 Jan Transit 9% 126 Jan New Jan New Haven Clock 8% Jan New Jan 10% Jan New Park Process Co Jan N & Y Mexico & Watch Co — — Co common Jan 4% Jan N Y & Jan 29% Jan N Y Merchandise 15% 600 15 Feb 16% Jan N Y Shipbuilding 2% 1,600 Feb 1% 3 Jan Jan 12% Jan 1% Jan Honduras Founders Rosario 1,200 6% Jan 7% Jan 2% 2,000 2% Jan 2% Jan Jan 90% 100% 101 2% 100 2% 200 99 Jan 2V2 35% Jan Jan 168 101 2% 176 37% 35 »A Feb 3% 3% 900 3% Jan 3% 12% 12% 12% 1,000 12% Feb 14 y4 35 y4 25 Jan Feb Jan Jan Jan Janv Jan Jan 31'A Jan 102% Jan 103% 100v 21 Feb 22% 26% 200 25 Jan 27 Va Jan 9% 400 Feb 10% Jan 11% 13% 1,400 9% 11% Jan 13% Jan 10 11% 1,600 10 Feb 12 y4 Jan 12% Feb 13 Jan -■ 33 Jan Jan » 12% 100 12% 5 2% i 33 200 5 Jan 5% : 3 7,400 2% Jan 3»A 860 31'A Jan 33 JA Feb 34 5 2% Jan 34 Jan 33% ~8% "9% 3,500 10 10 10% 400 10 10 10 10 9y8 Jan Jan Jan 9% Feb Feb 11% Jan Jan 83 10% 5,300 8 1,100 7% Feb 9 Jan 8 400 7% Jan 8 Jan 3% "3% 3% 200 3'A Jan 3% Jan 3% 3% 3% 18,300 3% Jan 4% Jan 8 6% Feb 8% Feb 16% Jan Jan 6% Jan 87 Va Jan 6% 6% 200 6% 14% 15% 200 14% 6ya 6y8 300 6 180 81 Jan 83% 83 1% 1 5% 20 64 64 1 6% 1% 6% 1% 73 • 1% 5% 66 Ti, 400 150 1,900 6% 3,800 1% 1,200 73 25 1% Feb 5 y2 Feb 64 Feb 6y8 1% Feb Jan Feb 73 2% Jan IV2 Jan Jan 67 8'A 1% Jan Jan Jan 75 Jan 8% Jan 26% Feb 29 V* Jan 11 Jan 13 y2 Feb 16% Jan 17% Jan 8% Jan 8'/2 • 26% 10 450 29 16% 400 8% 16% 1 53,400 1 8% 5% 1st preferred 100 96% 96% 98 5% 2d 100 95 94% 95 Power common 9% 300 9% Feb 10 Jan 11% 100 10% Jan 11% Jan 18% 19% 300 18% Feb 20 Jan preferred optional warrants Niagara Share Corp class B com. 6% 6% 1,300 6% Feb 7% Jan 12% 12% 100 12% Jan 12% Jan 8 7% 325 Jan Jan 95 Feb 98 95 Feb 250 92% Jan ft % ft 3,600 Va Feb JA 5 9% 9'A 9% 600 9'A Jan 9% Niles-Bement-Pond • 8% 8'A 3,100 7% Jan Nineteen 5 100 9% Feb Class Jan Corp— shares Niagara Hudson Jan 10 7% 7% 10 9% 1 7% 2% 89% 1 Co 11% 19 Feb Jan 7% "2% 100 common 3% 10 97 25 • Arizona Land—j Mining Auction 2 25 26% 2,000 Jan Feb r. 5 A„ convertible preferred Feb 104 !_ Corp class Jersey Zinc 9% 1,300 Jan 93% 24 • common Co 175 1% 10% 100 100 1 England Tel & Tel 4%% New Mur 300 10% Feb 97 24 30o common (Herman) 7% Feb 8% 97 24 ".'-vV — 4 Jan 2% 31% Jan 10 Co Machinery Jan — 2% . 20% I Mfg & 5% ' 1 Co 10 1 10 Knott Corp common Kobacker Stores Krueger 2% 8% ' — • • 4% — 15 1 : — — 25 20% Feb 3% a—. • common Jan 5% 28 31% — 1 Jan 25,000 27% — — 1 1 common preferred Neptune Meter 3% . 1 Klrkland Lake G M Co Klein * 50 Feb Jan 3% 18% 10 Hess Jan Jan 16% 14% 300 1,300 14 common 4% 103% 750 3% 19% BOo Corp Inc Nestle Le 100 16% 3% • common & 4% 20 15% 18% --fa' v. New preferred 15% 18% 4 Jan Kimberly-Clark Corp— 4 ~6% 100 common Breweries % — Jan 7% 11% Company National 700 25 Jan Jan 1 10 Muter Bellas Jan 7'/8 4% 47 5% 9% National 4% — Jan Jan 7% 26% Namm's 5 7% Jan Jan 4% 1 • Jan 5 — 6 109% Jan 7% 2.50 Tel Jaji Jan ~ Feb Jan 3% 5% 160 Nachman 1% 16 Jan -- Jan 5 3% 300 Jan 3% I 2,300 45 Jan 6% • A Oo 2 109 200 "5% _4 32% Nelson (Walter) Jan 21 1 Jan 12 Jan 32 y2 50 103% 14 Jan -- 36% Feb 36% 21 Feb Feb —— Jan 30 Jan 3% • Jan 35% 36% Jan Jan Jan 10% 4% 6 Jan 17% 15 Jan Jan 11% 1,600 100 1% Jan 3,800 32 Feb 11 * 3% 6% Feb 10,400 1 16% Feb 2,600 6 Jan lft H 15% 103 States Jan 3% G% 6% 1 15% 1 10 22 5% 1 Jan 100 32 % — 6 Va ~6% 103 12% — 3 • Jan — 19 y4 Feb 8 Feb 400 ~8% Feb ~6% 100 pfd of America 53 300 -- Feb 16% 15% 1 partlc Corp Jan 3% 5 7% 300 2% 1 class A com Feb 4% — 1,200 Feb • pfd pfd series B Society Murray Ohio Mfg Co Muskegon Piston Ring Muskogee Co common 3% — 7% 17% 10$ Jan 3% 1 Jan 13% 50 pfd 11% 5% • 38 7% 100 Feb .; Jan Jan 16% 16% Tel 9% -- Jan 14 38 Vernon-Woodborry Mills 8% V Feb 12% Feb 1 Producers Mountain 8% 1,500 8% Jan 13 50c Service common Moody Investors 1,800 1% Jan 10% • common 110% 1 % • Key Co common Feb Jan 2,400 • Montgomery Ward & Co 1,400 ;■■■'■.. ■ _ 14 V\ 15'A 10 Co cum 100 11 400 Jan 13% 1 Refineries Public 1,700 13 13 13 5 Minnesota Power & Light 5% Missouri 2,200 8% 10 % • : •' 9 400 13 8 13% 13% 50c Mt K Kidde 13 w* v Co National Pressure Cooker pfd 113 9% dividend shares Feb 1 1% Feb Feb — Feb 1 Inc 111% 7% National Co Jan 80 1 Mining Corp of Canada Jan 4% Feb 49 12% 3% Kansas Gas & Electric Feb 20% 1,100 National Malllnson Fabrics Kennedy's 72 V* Feb 10 convertible preferred National Kawneer Jan 16%* 8% common Wohl Feb 11% 93 1JA Kalser-Frazer Corp 68 10,600 111% lll'/a • Midwest Piping & Supply common Mid-West Morris 8% 12% Co 1,050 17% 16% "7% ■:'V: Abrasive Oil Mountain 9% 5 Kokenge Feb 70% 16% 2.50 Midland Oil Corp $1 conv pfd Steel Products— Jan 8% Utilities & Jan 82% Midland Jan —— • Safety Razor B Preference ft Jan Corp— Ex-distribution Jan ' International common Jan 7% common Middle States Petroleum class A Class B v t c 16% — International Jefferson Lake Sulphur Co Jim Brown Stores common 9% 15 preferred Mlcromatic Hone Corp 16 y2 • Italian Superpower Corp com cl A— Feb 25c common 6% 12 Va • . 8j/2 ft Feb 1 Michigan Bumper Corp Michigan Steel Tube Feb -10 c new Jan 400 100 Co Participating preferred Feb —— Royalty Jan Jan 24 V* 1 Co & Metal Textile 14% 49 —— — common 24% 24% Jan 78 , A 14% • shs Jan Jan 21 % • Dredging Iron 10% Jan » shares Jan Jan • Warrants 6%% Mesabi 700 11% —. International Products 7 y2 26 */2 7,300 81 • B Mfg Co Merritt Chapman & Scott Corp— Jan y Preferred $3.50 series Feb Feb 500 ft 68 10 Menasco 300 107% 109% » Machinery 6% 25% 1 Co class Mountain States -10 International Metal Industries A Julian 8% a • common & Johnson 15 93 93 pfd__ 100 Hydro-Electric— Jeannette Glass Co 18,400 Jan 23% 10 common (A G) 11% 11% International Investors % Jan II preferred McKee 14% & Ireland Indianapolis Pwr & Light 4% Fireman Mfg v t Irving Air Chute 8% 25% 25 • convertible preferred McClanahan OH Co common McCord Corp new common 11% • -5 Insurance Co of North America Iron 8% Jan Jan • Shovel Co Monroe Loan registered Imperial Oil (Canada) coupon Registered Imperial Tobacco of CanadaImperial Tobacco of Great Britain Registered 23% 12% 22V\ 23 1 5% Jan 3% 22 y4 Jan Industries— rets International Petroleum 22% 13 22% Feb 600 10 International Marine Communication Co Ltd 4.40% * common Imperial Chemical ~7 25 V* | Corp Monogram Pictures common Monongahela Power Co— Zinc ~6% 25% 6% • Molybdenum Illinois 1,400 Jan Feb 10% Marconi Jan Jan 16% 300 6 Feb 2% 0 Jan Jan 1,200 21% 31% Jan Feb 3% 2% Feb 19% 47% l 144 Feb 9,700 69 % l Jan 107% • common Jan Jan 30% warrants 1st conv preferred Hydro-Electric Securities Hygrade Food Products Jan 300 20% 5 $2.25 pfd Feb 137 — 19% * Co Hussman Refrigerator 1 common Michigan Sugar 40% 30 325 30% 48% Jan Jan 16 50 -- 5 common Jan 6% 28 150 40% 139%' 137 30% 100 Inc .70 Feb 3 400 28% 40% • (Harvey) 96 Jan 9% 2,600 r * common preferred Lock 10 3 28 15 com Baking Co Hardart 1 Jan 10 V8 21 25y2 78% (The B) Co Mapes Consolidated Mfg Co Feb Jan 5% • (Geo 900 Jan 43% 9% common 9% 93 . 100 5% 10 3 Common 30 1—100 w common 97/a Oil 500 9% 69 100 w 1 Co 1,900 11'A ft Manischewltz Jan • common • Huyler's Jan 5% 8% 5 Hurd 2 Jan 13% Holophane Humble Jan 4% 0 Holly Stores Inc Hubbell 1% • & Co class A Hollinger Consolidated G M 5% 100 300 1% .1% 5 1 A & Jan 16% 16% 1 (R) Horn 6% Feb 600 16% 25 Light common Hathaway Bakeries Inc Haseltlne Corp He am Dept Stores common Hecla Mining Co ^r^r'a 6 7% 5 Brewing Co 1 Hat Corp of America B non-vot com—1 Hormel 200 6 _• com Harvard Hoe 10% 21% M McAleer $ w 10% 68 Macklntosh-HemphlU Co 103% 103 • Co preferred Jan 10% Jan 105% Massey Harris 4% 1°0 Jan Marlon Power Henry Holt & Co Feb 8 I 8% - H w % 21 1$ - _ .140 xl36% 141% 36% 38 100 28 Grocery Stores Products preferred 2,200 10% Common ctfs of dep 1% preferred A ctfs of dep__ 8 % preferred B ctfs of dep— 350 105% 111 • Great Northern Paper 6% % % 10% Tea— Non-voting common stock 1% 1st preferred Class Jan Jan % • Feb 3,100 Heller Co 6% 10 Va ~~% • _ Jan 22 Feb Jan 21 __ Jan 6% 9% 21 • Feb 700 7% Rubinstein preferred 21 Jan 200 1 common Jan 6Va Helena Inc Oft 7 6 7 Pacific 200 6% 9% -fa-" 1 8% 8% 6 7% conv 21% Feb Jan Jan ~9% 8 5% 900 8% 1 Rayon 5% 21% Jan 8% Jan Jan pfd—25 ■ S Hartford 500 21% Jan 5% 11% Jan 8% Jan Co Hartrord Electric 6'/a Co Lynch ~4% Gray Mfg Hamilton 5% —28 Jan 53% Grand Rapids Varnish Hammermill Paper new 6 Louisiana Land & ExplorationLouisiana Power & Light $6 pfd U Jan • Mfg common Graham-Paige Motors Lamp • 1 Longines-Wittnauer Watch Co Long Island Lighting Co— Jan 80 10 class A Gorham Hall 7% l Chain Lone Star Gas Co. (Texas) Jan 24 % Jan % 1 OO Jan 74 % 52% 1 50 • 23% 42% 42% • Mfg Co Utilities 2,100 | Locke Steel 13% • & 7% ___ 13% Jan 7% Class B 10% 19% High Jan 5 7% Groceterias class A 13% 100 5,300 common Brothers 19% 1 B States 10 % Jan 10'A 5 Goldfleld Consolidated Mines Gulf Jan 22 V2 1,700 • ^ Inc Great Atlantic Corp 1 Coal Gorham Inc Material 5 11% University common. Lipton (Thos J) Le 5 10% — OB Development-. Tourneau (R G) Inc 4 12% "5 11% l Leonard 106 Va 24% 25 2.50 : $4.50 prior preferred Goodman l —l 25 Corp Glenmore Distilleries class B Godchaux 5 ——* (Adolf) Realty 1,300 • 4%. Feb 8alle Extension 2,100 106% 106% Inc Mines Ltd 17 4% Gobel Feb 15,000 3 113% 106 y* 1 Alden 102 % 5% 2%.. 96 • Gladding McBean & Co. Jan 101 20 Apparel 3% 2% Low A l 8% 6% • common company Jan 4an 35 Range Since Jan. 1 High f 5% 8% Shares L 700 8V2 Low Feb 950 e Sales fa*- Week lain of Prices Par 3% Jan T,*rifa<i*_<jhrijt.v e WMk's Last Sale Price 8% ;; Giant Yellowknlfe Gold Mines Glen ' 3,600 —£1 Georgia Power $6 preferred $5 preferred Globe-Union 11 STOCKS— 22% 1 5% preferred series A ——10 General Fireprooflng common— • General Outdoor Adv 6% pfd 100 General Phoenix Corp 1 General Plywood Corp common——50c General Public Service $6 preferred—* Gleaner Harvester FEBRUARY New York Curb Exchange General Electric Co Ltd— Amer dep rets ord reg General Finance Corp common— (A C) Gilchrist Co EXCHANGE ENDED Range Since Jan. 1 29 preferred conv Low ' (727) Friday Shares < • Supply Corp com—1 General Builders CURB WEEK CHRONICLE for Week of Prices Sale Price FOR FINANCIAL Sales Week's Friday 8TOCK8— New York Curb Exchange & B Hundred Corp common 8 10 10 9% 11 Jan Feb Jan Jan 31 i!2 THE (728) COMMERCIAL & RANGE Nlpissing North Mines Class B common Central North Northern 37'/a Jan Souinn 37 Jan Securities l'/z Feb 1% Jan 14 2Vz 700 12 Vz Feb 15% Jan Segal Lock & Hardware 1,100 2Va Jan 2% Jan Beioy 101% 102% 50 101% 11,600 8% Jan y% Feb $5.50 2,900 7 % Feb 11% Jan Allotment Jan '15% 12 Vz 2 Vr • .100 5% pfd 9 (Minn) 8% 9'/s 7% 1 Inc 7% 8 15 1,000 15% 15 15 Corp v 102% Jan common Corp General Bros Setman O Corp Oiiio Brass Ohio Power 4% % Natural Oklahoma 15 ""T O'okiep Copper Co Ltd Amer shares 112 Jan Jan 44 Feb 37 700 19% 9 common 14_ Jan 18% Feb 22% Jan 400 Jan 7% Jan 7 common common Sick's Ltd— Breweries feilex Co common Pacific Can Co Pacific Gas 5V2 Vo Lighting Pacific Power 25 pfd 1st ._ Service Paramount Parker (CA) Pen Co. _ Patican Corp Ltd 30% Feb 32% Jan 103 % Feb 104% Jan 50 $1.32 cum - Penn-Dixie Gas Penn Power Penn Traffic & .'.V: 3 38,000 2% 7% 8% 28,800 7% . Pep Boys Peppercll __ . 20 62 Feb 80 Jan 4,600 3 Jan 4 Feb Jan 4.48% Jan 28% Jan 7 Jan 7% Jan Southern 23% ■ ... Co 840 2% Jan 1% 300 1% Jan 2% Jan Spencer Shoe Corp 200 100% Jan 105% 5 Jan 4% 100 4% Jan 2,850 33% Feb 3% 3% 600 20 53% £2% 1,400 50% 2.50 9% 9% 9% 2,400 9 % Feb 9% Jan 3 3 3 Vs. 4,400 3 Feb 3% Jan Pierce • Governor Johnson Ltd 11% 21% 22 2IA 1 "l% 1 common 1% Pittsburgh Bess & Lake Erie & Pittsburgh Metallurgical Lake 3% Feb 21% Feb 58 Jan Jan 12 Jan 8% Jan 7 900 22 24% Feb Jan Jan 11 % 1,300 2 % Jan 3 % Jan 1% Feb 2% Jan 1,100 10% Feb 11% Jan Pneumatic Polaris Scale Mining Powdrell Power common Corp of Canada 6% 1st Pratt & preferred Lambert Prentlce-Hall ,37 Jan Pressed Metals of _ Puolic Colorado— 01 Jan 25% Jan Feb 4% Jan Sterling Aluminum Prods new com Jan 12% Feb Sterling 5'A Jan 5% Jan Inc §Sterling Engine Co Sterling 4%' 4 4 600 ~5% 5% 2,000 8 % 7% 1.000 Jan b°/8 Jan Jan 13% Jan 35 107 Jan Jan .20 .ian 11% Jan 12% Feb 3% 3% 4 V» 500 "3% Feb 4% Jan 6% 6% 7 6% Feb 7% Jan Jail 236% Jan Feb 3% Feb 229% • 106% 310 1,000 130 232 • 228 £ 1 225 200 3% 3% 3% 10% "l% 95 % Jan Jan 38 Jan Stop 1% 8 7% Jen 8% Jan 700 10% 1% 8 Jan 100 8 10% Jan 11% Jan Co & Corp Ray Drug common Feb 1% Jan Feb 8% Jan Superior 10% Jan Superior Tool & Die Co Swan Finch Oil Corp 10 10% 20O 9% Jan 100 100% 325 95% Jan 94 % t—4 O O Portland Jan n 1,400 Feb 1 % Jan 3% 1,400 3 Jan 3% Jan 7% 100 7% Jan 8 Jan 3 3 400 3 Jan • % % 30% Feb 3% 36 % % Jan 18 aail Jan 41 Jan Jan 30% 31% 3,100 16% 16% 10 16 40 31 40% 60 37 Jan Jan 100 28 28% 28% 28% 29 25 25% Feb 28% X28% Jan 29% Jan 28% Feb 29'A Jan 800 29 % x27% 1,900 1,700 28 29 24% Jan 25% • _ 35% 800 2% 35 35 200 6 Jan 6% Feb 35 Jan Jan Jan 39 ~6% 3 % 2% Feb 2% Jan 4% 2% 2% Jan 4% Jan % — 100 % Jan % Jan 7'A 2,100 6% Jan 8% Jan 20% '■ — % 6% 20'% 100 19% Jan 21% 2% 3% 800 2% 100 9% 9% Feb Feb 3% Jan Jan 17 Jan Jan 17 10% Jan 9% 29% 29% Jan 30% Jan 1% 1% 1% 9,800 1% Feb 1% Jan 1% 1% 300 1% Feb 1% Jan 115 % 115% 10 7% 7% 1,500 2% 3% 900 2% 2% 1,200 ~7% 3% 2,600 30 29 122 Jan 112% Jan 7 Jan 7% Jan 2% Jan 3% Jan 2 Jan 2% Jan 3% Jan 2Ta 800 2% Jan 68 68% 350 67% Jan 71 Jan 23 % 24 250 23% Jan 24% Jan 1 12 13% 200 12 Feb 15 Jan 2% 5% Inc Cement, Jan 6% Jail 400 % Jan 1 % Jan 3% Feb 4% Jan Feb 12% Jan % % % 3% 3% 4% 2,800 11% 725 10 10 . 10 % 1 200 % Feb 1 Jan 12 11% 12 700 10'% Feb 12 1* eO 10% 10 % 11% 800 10% Jan 13% Jan 37% 37% 40% 1,750 5% 5'A 300 5% Jan 5 To Jan 275 14% Feb 15 "« Jan 300 2% Jan 150 9% Feb ' ' _ _ 1 * * 25c * —-1 15 common 8 100 Jan 10 7% 5 Corp Inc (S) Sunbeam Sun Co common & Shop Stroock 25% Jan 8% 4,900 3% 1 1 1 * _ 1% 2,600 8 Inc (Hugo; Jan Jan 25% 9% 9 Jan • Co common (J B) 93 93 1 . Brewers Stetson 34 3o0 36 8 .100 Feb 20 106% 106% • Corp Canada & (A) 94 . (The> Steel Co of Stinnes •" preferred Starrett Stein 13% Y : cumulative Feb 1 20 • Service * 4 % % 57% 1 Corp Standard Tube class B 4,400 • Providence Gas Standard-Thomson 23% _ Jan 300 1 Co 21% 0 1 Corp of Nevada Prosperity Co class B Products Feb J Producers 53 12% • preferred 69% 2.50 America $7 Standard Feb 35 1,100 • B class 11% « common (Ky) Feb 100 Inc Oil Standard Power & Light com 36 % 10 Co Standard Corp 63% _* common Forgings 25 5 % 56 12% .-20 1 10 1 preferred convertible $1.60 Standard common 690 .2.50 common preferred Dredging Corp 68% 4 25c Co Alexander & ... Convertible Standard 36% .1 Co.._ Cap & Seal common 63% -;'vV.; Pleasant Valley Wine 55 1 Co Brewing Standard Common 1,300 2 Standard 22% 5 common- c/an • 2.78 1 10 Btahl-Meyer Inc 36% 50 Jan 14% 12% 5 • Royalty Co 64 RR— ..50 Erie- ~2% 10% ■ 2 Pittsburgh 11% 700 Jan Jan 3 400 8 % 41% shares Amer Mines Ltd—_ Piper Aircraft Corp Pltney-Bowes Inc 11% 11% • common - 56 7% * 21 Jan Jan Feb 1 34% 50C 3 Jan 13% 2,100 ' 1% Jan Jan 19% 1,100 1 Pipe Line 1 4% common 2% 100 14 -- 25 25 25 25 25 preferred cum Feb 20'A 2% • 33 % ... 4.32% 11% Edison— preierence conv Southland 34% • (Mass! conv 103 % 104% 103 % (The; Gold 4.56% Feb 1% Philadelphia Co common Phillips Packing Co. Pioneer Feb 25 10,600 2.50 Co__ Power Perfect Circle Corp Pharis Tire & Rubber Pinchin ' 45% 28 ioo -j Jan 44% Jan Jan 13% - 10 Line preferred preference— cum Jan 55% 12.50 preferred original 4.88% 3 % Co Mfg — 5% Pipe California Southern 3" 4% 1 common 7% • Iioo pfd Oil 7 1 % warrants A common. Penn Pa Feb 13 % 1 common South 600 25 Manufacturing Soutnwest % Feb 20% 3 % Corp common Jan Jan 11% 13 % X 1 1 Corp Coast Jan Feb is 100 200 * Manufacturing Co South 15% ' % 12% 9% Jan 24% __ ~7% Paper Mills. Jan Feb leb Jan 5 Jan 3% % 11% 1 Soss Jan 78% 3 100 preferred— (Howard; Sonotone 19% Jan 11% 3 '/a 3 % — Solar An craft Co 17 Feb • .25 — 11% 4 24% Emiin Jan Feb & Elec Co—■ Gas City 3.90% Feb 13 3% —23 Jan Jan 4 70 , Sioux — Feb 21 13% 62 * 62 4 common 24% Jan 1,200 24% 13 • 1,300 ; Co Ltd— tiep rets ord regis Amer Jan 16 '• — 21 21 1 Mills ' X— 1,500 3% Jan Ja.l • 3% '' §Solar 23% ■ 2% 1 _ Light 4%% Penn Water & Jan 7% 5 class Jan 16% — common Elec & 96% Jan 2% rn — preferred Cement Penn Jan 16 . "* m preferred Corp 94 __ 96 96 • ■ "i% 16 ■' Feb 16 200 -:r3% 1% Feb Jan; 73% 3,050 • 420 - Pennruad Singer Manufacturing 900 • _____ $1 .cumulative Jan 31% * __ Peninsular Telephone 36 2% 17% 1 * 100 common Jan 8% Jan Feb * Plymouth Co 7% 33% 30% •' . Parxersburg Rig & Reel Patchogue ' 100 Amer sh Motors 500 1,300 . preferred Oil 8% 34% Pattern Simpson's .Ltd class B Singer Manufacturing Co 103% 104% 30% t com 8% ' • Page-Hersey Tubes common Pancoastal Oil (CA) v t c Pantapec --j: __25 preferred Light 5% pfd $5 & Public $1.30 1st preferred 1st Pacmc Pacific 6% 33% 8% 3 common Elec & lb»/2 • convertible preferred Simplicity 1% 100 Publications— Simmons-Boardman $3 17%% an * * A Corp of America class Snoe Jan 2,200 2% * Canada of 1% Man 16,300 16 78% 1 1 1 1 * Jan * preferred 4% Sherwin-Williams "l% 1 % 2% 16 9 Mfg Co Sherwin-Williams 0an 76% * -1 25 100 Water & Power: Shawimgan Sheller Jan 19 % 16'/a ~~~ Shattuck Denn Mining Jan Jan 8% 600 7% Jan 14 II 7 1 Securities Overseas Jan Jan 9 18% 19% 39 100 :: 1 Omar Inc Jan 2,100 9 9 1 • class B Filters United Oliver Gas Distillery Pomdexter Old 35% 107 % 42 37% 38 Jan 275 111% 109. 100 preferred 2% Feb 2 3,800 38 36 * common 2% 2 2 50c common Co class B Leather 28% Feb'"J 16 2 % — Safety Control Serrick Corp class B Seton Feb 16% 76% — Corp Radio Sentinel 1 Inc Br (R Semler 25'A 600 25 stock— certuicates High 900 17% 5 stock Sentry Ogdcn "l% Co...a——.* Industries Inc common 1 prior Low 26 .16'A 16% 1 — Range Since Jan. 1 1% * Inc Shares High 25% 16 % tinoe Convertible Feb Jan Co steel Selected —50 Power Aircraft Novadel-Agene Feb Feb 2 V-r 1 Pub Serv States 33'A 33 — Co Indiana Northrop 600 400 of Prices Low 25 * 1 Manufacturing Scovill 33% 12 Vz Texas RR Penn || Jan Jan 33 % ———— Airlines Northern % 1,100 Sales for Week Range Par High 33 % Utility Securities—8 Oil American North Nurtneast Range Since Jan. 1 Low lu Week's Last Sale Price Exchange New York Curb 33 class A— Rayon American Norm % ...5 II Fridny High Low Par FEBRUARY STOCKS— Shares of Prices Sale Price Exchange New York Curl> ENDED tor Week Range Last WEEK Sales WMk'i Friday STOCKS— FOR EXCHANGE CURB YORK NEW Monday, February 14, 1949 CHRONICLE FINANCIAL 14% 15 2% ' 2% 9% Jan ■'•J 10 '/8 33% Feb 41 Jan Jan 3 10% Jan Jan . Puget Sound PoWer & Light— $5 prior preferred Puget Sound Pulp & Timber com Pyle-National Co common Pyrene Manufacturing ___ _ 93 18% 5% 100 21 % Jan 12% Jan Jan 5% Jan ' • 18 Ills —10 _ 5% — Feb 98% Feb Feb 5% 50 97% Jan 18 400 11% 10% 150 18 11% • _ Corp Taggart Technicolor Texas Oats 6 c/o 86% 86-% • common 13% • 145 50 13% 50 13% 92% Jan Jan 85% 440 89 148 146 148 100 preferred 148 % Jan Feb xl4% Jan Jan Tlio Co Inc Rooting Realty Tishman & Tobacco Allied & Construction Stocks Tobacco Security Trust R Aadlo-Kelth-Orpheum option warfantg. Amer I) 30,500 16% Vz 275 Jan Jan in It? % ,v Jan Railway & Light Securities— Votng common 10 _ — • 16 Railway & Utility Investment A Rath Packing Co common.. Raymond Concrete Pile convertible $3 Kavtheon Roller Regal Rets Rice Dry Richmond Rio fTexas Roeser Roils ... 26 Jan Feb 37% Jan 53% 110 53 Feb 53 % Jan 6 6% 7,700 6 Feb 7% Jan 5% 500 5 Feb 5% - J. - _ Jan Jan 23 3% Amer 1 2% 2 1 100 1% Feb 1% Inc common • 22 %> 1,025 "17% Jan 21% 25% 300 23% Jan 25% Jan 2% 1.700 2 % Feb 2% Jan 3% 1,100 2% X2 2% Feb Field Electric Rotary (The) Rowe Royal lie Russeks Inc 22% 24 Steel Corp Co Oil Fifth 10 Co Ave * — — L25 common Aeronautical Co. Consolidated Petroleum..— Ryan __ __ Ryan Ryerson & Haynes __ 8% Unexcelled Chemical of Gas Union Investment Union Feb 27 Jan Oil Co $3.75 30% 8 4% 900 4 32 % 30% 1,700 1st conv Jan United Chemicals United Corp Savoy United Jan United Elastic Gas Corp Feb 7% Jan United 23% 1,025 19% Jan 24% Jan United 10% 1,000 9% Feb 10 Feb 7 7% 6 7 500 1.800 5% Feb 4% 4% 2,200 4% Feb 4% 4% 4% 500 4% Jan Oil Inc Sayre & Fisher Schulte (P A) Brick Inc 1 common (Del)-. For footnotes 7% 7% 7% 16% 16% 17% 9% 8% 10 1% 2 1 Corp . 25c Co 1 — ITa 6% • ! Jan 5% Jan Light Rights Uniied Jan 4% see page 33. 1,500 7% Feb 8''a Jan Feb [I Jan .Jan % 7« 1,200 % Jan 58% 300 55% Feb 1% 1% 2,400 x95% x95 % 97 % 75 % % 600 "2% ~2% ~2% 5,800 60 2% Jan 1% 'Feb 91% Jail 98 Jan % Jan 3% 1 1 Jan U Jan 4 % Jan 900 200 97% 2% Jan 24% Jan Feb x6 6% 10% Feb Jail 2% 24 & 7% Jail Jan 11% Jan United common... Products common— . - Molasses Co 1% 2 1% Feb 3% Jan com Machinery 19% Jan 10% Jan United Feb 2% Jan U S 400 1% Jan 2% Jan U S Foil Co class 200 3% Jan 3%. Jan 3.100 1% Feb 1% Jan tr S $5 * • : common 3% common. Corp B— and. International. Securities 1st'preferred; with warrants 97 "3% "5% 1,400 irt % 1. Jan 6'A 92% Jan 97% Jan Jan 57 Jail 3 % Jan 10,200 28% 250 27 Jan 3% Jail Jill Jan 39 27 Jan Jan Ml Feb TO 29'A Jail Jan 1% 10 20 . 19 % Feb 21 23% 27,100 21 Feb 24'A 1A 197,600 1 Feb li7.i Feb 50 10 Feb 10% Jan 20% 130 20 Jan 20% Jan 246% 546% 19% 21 % 10 19% 19% 21 2,200 ' 1 1 0 1C 10 20 10 1 *%• Feb Feb Jan 4% 246% Feb 246% Feb !H Jan 1 Jan 7'A Jan __ 6% 48% - __ 6% 100 6% Feb 48 % 51% 2,400 47% Jan 52 % Jan 39% 430 37% Jan 40% J VI 8% Feb 38% * 8 .1 10c 1 * * ; 8%. Man 39 25c —10 25 25 Specialities Air Conditioning • Feb., Jan 4% Preferred Feb Jail 1 % Jan 54% 225 96 .100 preferred Shoe 1% 3% Vz 7 'A Ltd— Profit Sharing 8% 1% 2 500 dep 16% s ";r 1,700 96 —_ . GOO 700 1 2% 8 6'A • 10 1 Railways Preferred United 700 2 % 7% 1% jV w i Milk 1% 2% 8 • common Corp 10,500 3% 1% 6'A 55% 50c com ' 1 common — Feb Jan % warrants 33% 9% 4% 49 Salt Dome Oil Co Jan 54'A 1% * Products Jan 10% Samson Jan 13'A Jan 55'A 100 of Omaha Yards Aircraft 4% Jan Co pfd series A St.ock ~9% Feb Jan • 1 10% Jan 52 of California— United 900 Corp Canada Jail United Corp Ltd common preferred— Jan 12% 190 57/b 10c 5 * 4 Corp rets ord regis United NJ RR & Canal Lawrence 10% 900 10% Realization Amer St 1,300 x6 Feb 2% Jan 1 common Jan 10% 1 93 9 5% 1 Jan 13% U Ulen 22% 7% 1 common Ltd 32 17% Jan 12% • 22% 575' 4% 5 — Feb 11 54% 10% * Jan 1% 40 —c. 9 5 xl5% Feb 128 Jan 12% „ preferred 89 5,100 93 £1 ... 400 Jan 25 3% Union dep rets for ord reg Corp common 300 121 53% 10% * Lamp Works com convertible 80c 16% 13 12 warrants Inc Tung-Sol Jan 30 125 x!5% 5 1 1 Jan 20% 3 % 92 .100 pfd F Cable Roosevelt Trunz .' Corp Lux J.v.i 12% Jan 1% 19 % Royce Ltd— Rome Mining of Nevada Tri-Continentai' 27% Jan Jan Co— 4% Trans 11 % Jan 10% 100 Corp common Tokian Royalty Corp Toledo Edison 4 % % pfd Tonopah Feb 26 £1 5s 20 70c Shipyard Union c Elec Pendleton & — * IIIi Gas t, v Jan 33 1% 3% 1 Engineering Valley Gas & 24% 300 20% —5 Goods Corpi Rochester 50 34% 5 1 & Radiator... Grande 25% • Co & Electric Stix 6*4 6.25 Co Shoe (Robert) Reliance Ills Co Jan 34 , class A Jan 53 -' r- common. -17 25% » • Dreferred Bio —: .10 common Manufacturing Readme Tube Corp Jttecu .. — Jan r-1 in : 1 Todd 11 700 900 Co Ltd— dep rets ord regis dep rets def regis Amer 200 11% 123 123 5 common 11 26% 11% 11% * 100 pfd common.— new Corporation 11 26 • common Light 7% & Shovel Thor Quaker Inc Powei Thew Quebtf Power Co -X common Tampa Electric Co common . 1% 13% 2% 8% 200 1% 1% 1,200 13 2% 3,600 14 2% — , 2,400 — 8 Feb 1% Jan 1% Feb 14% Jan Feb 3'A J'in 13 2 % 75 Jan .1 11 77% Feb Volume COMMERCIAL THE Number 4777 169 YORK NEW RANGE Week'a Friday STOCKS— Last New York Curb Exchange Sale Price U Radiator S 11 Friday Lout High New York Curb Interest Exchange 6'A Jan Isarco 1% Feb 2'A Jan A 7s with Nov 2 Feb 2'A Jan A7s ex Feb 4014 Jan Altalian Superpower 6s x25 'A Feb x25'A 2314 Feb 2'A Jan Jan 5'/« 2,800 1% 1 38 l'A 700 2'A 2'/a k 35'A 2»A 300 35'A 100 35'A 25 450 or Friday's Bid & Hydro-Electric Aske^ Low Feb 4'A Week's Rang* Last Sale Price Period High 41/2 4'A 33) EXCHANGE FEBRUARY Range Since Jan. 1 —1 - ENDED (729) BONDS Shares 1 common. CURB WEEK CHRONICLE for Week Range Low FOR FINANCIAL Sale* of Prices Par & High Bonds Range Since Sold Wo. Jan. 1 Low High Co— * Rubber Reclaiming Co "nupd Stores Corp corn U S Universal Consolidated Universal Insurance .10 , Universal Products Co common Utah-Idaho : _50o Oil__ x25 »A x25 'A x25'A 10 24 2314 : 6 2VB * Sugar__ Utah Power ft Light common 25 21% 2% 2,400 22 21 400 Nov 1940 1 1947 1 1963 coupon 1953 coupon /-j 3'As 1960 J-D Light 3V2S 1969 J-J 1950 T-k 1963 A-O Feb Kansas Electric Power Jan Kansas Power 25A Jan McCord Corp deb 4V2S 22'A Feb 26 " Midland ft RR— 4% to at Milwaukee Valspar Corp Venezuelan preferred — Petroleum. 4% Venezuela Syndicate Inc Vogt Manufacturing 20c 4'A 12 1,300 •23/8 21a 2% • '4 1,200 12 12 4'A 514 Jan Jan 3 Feb 2% & 2004 Jan 1214 A-O 3'As Hydro-Electric A6M2S Waitt ft Bond $2 Ward Watch 9 ext.* .100 Corp 1% 500 Manufacturing Utilities 9 $6 ■, 1% M'< f 114 Coal Co 1014 Jan (R C) Jan Ban 5,000 214 Feb 43/b Jan Bcullin l'A 200 l'A Jan 1% Jan Southern .. 7'A 500 6 Mb preferred Winnipeg Elec w 140 140 20 • Feb 25 140 Jan Joaquin Lt & Pow Steel inc Industries Petroleum Woolworth (F Wl & ref 1714 Inc Southern California Southern 36 Jan Southwestern 21 Jan Spalding AStarrett Jan Jan 15'A Feb 2'A Jan 900 1714 Feb 18'A Jan 400 18 8'4 8'A Jan 9 . com Counties 6'A Gas 6 Feb 914 300 914 Jan 10 4'4 4'4 800 4'A Feb 5 3rd Jan 50 15 15'A 100 2314 27 'A 800 100'4 100'4 25 )A 10 15 Jan 2314 Feb 151a Jail 29 Ternl Jan Jan United United 97A 918 100 9+8 Jan lO+A Jan 11'A 100 11'A Feb 14 Jan 8 ~i% Interest Exchange Period 800 7'A Jan 8 4,100 1'4 "lli Jan 2,3tf Jan Feb 1953 5'As A Last or Sale Price of Steel Bonds Friday's High 100% 101'A 101'A Af-N J-J J-D 1998 A5s (20% 108 :,4 J-D A5'/as 120% 1948 redeemed) 3162 101 'A Jan 90'A 2 10014 2nd Debenture 5s 1st ref 1, _ Lt mtge 3s Pwr & 3'As conv (Bait) • 10814 — 1601s of 1 Dec 1 A , 'Ercole Gas *1 Water MarelU Elec 'A 92'A 95'4 52 92 56 105 104 10314 104 17 10334 10414 106 'A 10614 21 106 10614 J-J 87% 87 8734 87 87 J-D 240 3 _ 5s 3101 »A 102 A-O Jf-M 88 'A 87 v 87 Mtg income 100 111% Jf-N -W«l 100 104'A 6014 May 5 A 9734 3117'A 334 100 101 104'A 111% 1 62% 112 'A 25 60)4 1814 Csl 38 M-l 1950 57'A J-J 196S - 16 36 30 38 12 $100% 101'/a 38 1984 MS 3'As Power 100 % 38 10 86 85 24 100% 28 Ms 38 3108'A J-D 3118% 1989 F-A 118% 101 31003a 102 86 108 118% 3108 A-O 1960 5s J-D 82'A 107% 1964 2030 5s 102 __ ~ Newspaper Union— Interest Exchange Last Period Week's Range " Sale Price or Friday's Bid & Asked A-O J-J 37'A 70'A 70 70 5s 1953 F-A 1983 J-J 2068 70 6% .,■■■ 70'A 1 70 6% M 38'A 75 70 7 14 28 M-N 6)4 133 4 28 24'A 29 40 37'A 38'A 1951 J-D £37% 1947 JT-1V 1947 A-O A Mortgage Bank of Chile 6s 1931 JAP £27 1973 J-» —2006 1997 ; £42% Mortgage Bank of Denmark 5s 116 37'A 1 14 Mortgage Bank of Bogota— A7s (issue of May 1927) A7a (issue of Oct. 1927) 100'A High 14 M-A 2'As Jan. I Low 38 70% M-N to Range Since Sold No. 362 J-D 1955 Interest reduced High Bonds 362 City (Peru) 6'As stamped_1958 Maranhao stamped (Plan A) 48)4 97 3A 116 — 7s stamped 43 42'A 42 V4 £65 70 61'A 64 JJ £29'A 31 26 »A 30 J-J 16'A 16 £42% ' 33 36 — Parana • M-Jf 57'A 3102 7 103 "" ^ (Republic or) 1 105 1 58 105 *No 37 361« 3714 11 33 3714 24 31%- 37 4 37 37 36 37 7 32 37 1957 1912 /-J 37 10 32% 37% 17 • 3 l'A Government par Odd-lot 37'A 37 .... 37'A value, a transaction A Bonds 6'As 1919 M-3 2'A 2'A 20 2 3 J-J 23/a 2'A 20 2Va 2:4 Deferred delivery transaction (not included in year's range), d Ex-interest, (not included in year's range), f Ex-distributibn. g Ex-stock div. h Ex- being traded flat. in receivership.' § Reported v' Abbreviations used above—"'cod," v. G2 „ 6414 21 62 • "w -66 i," when issued; "w w," with warrants; t Below are the daily closing averages of representative stocks and bond* the New York Stock on Exchange as compiled by Dow, Jones & Co., —Bonds- Stocks10 Feb. 5 Feb. .7, Feb. : 8 Feb. _ 9 Feb. 10..—. Feb. 11__ - - _ - . 20 Rail¬ Util¬ trials Date— 30 Indus¬ ~ roads ities Total 15 175.60 50.47 174.43 49.59 34.24 173.71 49.90 34.30 50.08 34.20 First 10 Second 10 Total 65 Indus¬ Grade Grade Util¬ 40 Stocks trials Rails Rails ities Bond* 101.68 103.81 89.91 103.31 34.56 174.61 10 63.73 1 99.68 63.12 101.72 103.74 89.59 103.30 99.59 63.07 101.75 103.81 89.44 103.21 99.55 63.29 101.65 103.71 89.43 103.10 99.47 172.41 48.94 34.05 62.43 101.61 103.56 89.19 103.33 99.42 171.93 48.70 34.11 62.28 101.66 103.64 89.08 103.55 99.48 "cons," consolidated; cum, cumula¬ stock; "vtc," voting trust certificates; "x w," without-warrants. Stock and Bond Averages listed for cash, . certificates of deposit; tive;, "conv," convertible; "M," mortgage; "n-v," non-voting 1 27 principal. n Under-the-rule transaction (not included in year's range), r Transaction (not included in year's range), x Ex-dividend, y Ex-rights, z Ex-liquidating dividend. 3Friday's bid and asked prices; no sales being transacted during current week. 37% 36'A f-k 37'A 3G 37 , 16:8 24'A 28 i.2013 to A5%» 105% 37 £26 J-D 2% 1921 ARussiao " 15'A 45 (Plan A) stamped Teducea Interest 102'A 56'A — 2'/aS (ser A B C D E) Rio de Janeiro 5714 10214 __ 57 105 - 52'A 102%. 102%, • - 57 J-R (Plan A) to 2M«s Interest reduced Peru 10214 /-J 1088 (July 1941 coupon) stamped — — 3102 J-D . 1933 ctfa ,/ 315 5'As is to 1957 25 1950 coupon Traction e 1941 coup) escrow 24'A 37 ALima 631A 47 98'A ~ 40 315";" 1081 (Aug 1941 .coupon) Debenture 22 £23 J-D External 102'/* 47 343 97% M-l 1170 C Internet* Power Co— 67 24'A 1950 coupon Danzig Port ft Waterways— AExternal 6'As stamped 101'A Power Sec— series F A 7s 63 + 1949 4s J debs Water Penn 105 9914 - 14 11118 111% 60 Mi 4*4 . 1998 series E A7« A 7s 127 Hotel— Electric AMedellin -1161 A6^s (Dec 1 A 7s A-O 2 104% 95'A 124 Co— Indianapolis Power ft Lt 3%s - £23 External 104'A — 104 104 A-O 1*5* .Guantanamo ft Western 6s • 9614 'A 87 .; 310414 J-J 1993 3'As RR stamped series J-J Agricultural Mortgage Bank (Col) — A 20-year 7s April 1946 A20-year 7s Jan 1947 Bogota (see Mortgage Bank of) ACauca Valley 7s 1946 Danish Cons Municipal Loan— 10514 , 1*93 Orand Trunk' Western Ry 4s Green Mountain Power 33As_—. A6'A» 67 90 Co— 1940 renn Finland Residential Mtge Bank— International 67 93 89'A ' 5s A-O Lots 66 105'A 10514 A6%s-with Nov 1 1940 coupon—1MI A6VaS ex Nov 1 1947 coupon, 181* - 130 Friday Division— J Fuel Lt & £125 1 BONDS RR— mtge 4s ser A 1st mtge-4s ser B Eastern Elmira A-O 104'A 18 Foreign Governments & Municipalities City)— 1st - 93 1940 N 1947 1 10114 105 3 « jf-Q , 1964 N 90 160'A 101'A — 92 1981 (Bait & Western Lackawanna 92 'A 1976 Gtn mtg* 4>/aa Delaware Lack 100'A £104% 105'A 90 10814 3 165 1989 Q debs Gaa F-A M-N 1946 Electric Service with Dec Washington — P 1st ref mtge 2®As ser 1st ref 3%s series R Consolidated 105'A 1001'2 10614 108 34 1963 ser 10314 Industries— ex 10014 A-O 1958 1977 89 MS 1969 Gas El 3%S—1970 stamped 102 106 M-S . 1966 Debenture 3e Registered 107 £105 i' J-J High 2 v.\. 101'A 101'A J-J 1954 5s Debenture 5s Conaol 1971 Corp— redeemed) Cities Service 105'A 105'A £99% 102 4-0 • 104 105% 107 105'A 32 1061a IO6I4 Q-F 1970 Low 18 Canacu— Electric • 20 Jan. 1 No. 100'A 100+/8 101'A 1955 6s States 10114 £103% 1980 New York Curb ICentral F-A ' 104'A Range Since Sold 1061B 10614 J-J 2%s Edison 101'/8 £105'A 6s conv s f debentures Bid & Asked /-D 1964 5s series C 'Bethlehem • 1960 Telephone Boston J-j 104 Corp— Waldorf-Astoria Week's Rang* Low 1970 deb 101 115 £101 'A 104'A I960 Electric Co of A 5s ~2'/« Appalachian Elec Power 3'As Tel £113 A-O 1970 stamped A7s £1 Associated ft Jf-B 102 100 la £9914 AP'As with Aug 1 1940 ccupon__1981 A 6 '/a s ex Aug 1 1947 coupon 1953 1001a 11'A BONDS City Electric 3'As 155 ; 101 »A Hydro-Electric Co— Jan 100 2 Friday Tel H rf* CO — trust (Hugo) A7-4s Western Atlantic 30'A Jan • 4'As 153 M-f 1989 West Electric 3'As (Calif) Elec & West New York Curb 153 no i'A 102 1931*> Corp inc 5s (Hugo) A7-4s Jan 6 914 714 — 26 — 1988 5s A 7s preference 40 1973 Gas Gas G) (A Stinnes Ltd— Wright Hargreaves Ltd--—— Assoc 1953 3s , collateral 5s Jan 6 American deposit receipts Bell M-N B 1st mtge 3s Jan - 8 ... new 93'A 106'A 106 J15 j-j 6s B— Edison ser Jan 2'A 8»A 6 3s Jan Jan — "514 M 25 15 — 1st 150 35'A -100 pfd 93 105'A 105'A 1971 Jan 20'A , • 4'/a% 93 104'A 106'A 106'A A-O mtge 3s California ' .2 25 w Wooriall Jan 114 1 common Wcodley 71 e * Jan .1 Inc common Wisconsin Pwr ft Lt Jan 112 ■ , • Co ft Products Brothers 103)4 134 3s_1981 Safe Harbor Water Power Corp 2'A 314 6% 5 _ 108 103 UQ5'A 106'A J-J 1998 Jan Stinnes _ 106 Va Borough Gas ft Electric— 6 Vis series A 'A 1 —10 ... 102 'A 10314 93 j-d 1951 Feb Queens 214 '. 1 Wichita River Oil Corp Wicke.s (The) Corp 104'A 104'A 107% 107% Jan 1 200 —20 ft 65 104 104'A 104)4 104 % tl03 1960 debs Jan 2'A 22,800 —1 6 'it 6% 50-year 9% / 1% —to (Win) 104'A 1960 coupon__ coupon Jan +•; i__" ■ 9 — • Weyenberg Shoe Mfg 104)4 104)4 1104 '/a Co— 1940 1947 114 8'A ; ' 500 1 .1.28 preferred- Westmoreland Inc 5% Jan l'A. Jan 9 Western Maryland Ry 7% 1st pfd. IIoo • Weslern. Tablet ft Stationery com Westmoreland Wtllsoui 1 1 3'/as series A Texas Wilson Jan l'A 1 Wentworth Williams Oct Oct 62'A ' 1 We«t Whitman ex 3 Co Aircraft 91a 200 ' ' Baking Co warrants—....- Warner 9 . 1»4 . 1% —30 __ with A6V2S l'A l'A 1 preferred cum Waltham ctfa Inc 101% 63 Public Service Elec & Gas Co— • Wagner Baking voting trust 7 % preferred 101% j-j 1970 Piedmont Waco Aircraft Co 4s 3 V4S mtge Lexington 1st mtge 3s 1964 Pennsylvania Water & Power 3'/4S_1964 W 108 :,4 62'A A-O 1st 3s Park Jan 108'A 10114 101% j-d 1908 1971 Westchester Ltg Power 1st mtge Jan 26 108'A 108'A M-N Ohio Jan x70 Feb 12 200 61'« Feb 68 __ 4 Jan 514 200 5% —, 31 nor „ lf-fl 1901 NY 514 — Gas & Light 4Mas England Power 3'As 1967 New 5% —1 common 64 convertible 2l • J25 Valley Extended V 2714 28 115 1968 ; 40 J34 ' 34 COMMERCIAL THE (730) & OTHER STOCK RANGE WEEK FOR Monday, February 14, 1949 CHRONICLE FINANCIAL EXCHANGES FEBRUARY ENDED 11 Week's Rang* Par Arundel Corporation Baltimore Transit Co— 1st preferred 5% 13% 13% 765 13 % 15 430 14% Co common common Feb Feb 16 Feb Doehler-Jarvis Feb Domestic Credit Corp 168 15 170 164% 170 Jan Corp Jan Jan 105 30% 30% 125 29% Jan 31 53 53 % 270 49% Jan 54% 1975 1975 531/4 59 60 105 100 30% —2 Transit 4s Co Jan Feb 31% Jan 7% Jan 7 7 50 7 Feb 30 100 30 Feb 2% 2% 2 "A 50 Jan Feb 30 2Vz *'■ Jan Jan 90 90 10 90 Feb 95 Jan 13 * 15 7 105 105 1 Dock & Dredge 13 200 13 Jan 13 Jan 53% $15,500 48 Jan 53% Feb 2,000 55 Jan 60 Feb Brewing common 12>A 5% Feb 6 Jan 1,550 7% Jan 8% Jan 5% Feb 6 Jan 1,800 8'A il 10 59% 1 * 8% common 9% Feb 58 Vz ^an 6 7% Corp common. Motors Feb 100 5% ~7% 1Y* Corp General Finance General Auto 9% 11% 850 11% 10 Drive Fox (Peter) 11% 5 60 1,450 9% 9% Co common of America Inc Flour Mills Four-Wheel 5s series A 27'/a Jan 51 28 VA 29'A 400 Jan Jan Connell— & Fitz-Simmons Jan 50 30 / High • 26 Vz 25 150 2,900 30 1 class A 26% 26 Vz 29 y4 5 Eddy Paper Corp (The) Low 26% 10 j' — Range Since Jan. 1 Shares 26'/a 2o% Jan BONDS— Baltimore Crane 14% Mills— Casualty Guaranty U S Fidelity & High Low High Edison Commonwealth H High Low 5 25 25 Inc Co (The) Coleman Elgin National Watch—— 6.75% Amsterdam Range Since Jan. 1 Dodge Mfg Corp .common Vernon-Woodberry prior preferred Mount Shares 14% 13% • 100 :-20 v t c_ Fidelity & Deposit Co—_ New Low of Prices Par Sales of Prices Range Sale Price STOCKS— for Week Sale Price STOCKS— for Week Last Exchange Last Friiay Sales Week's Friday Baltimore Stock 12 g 6 6 60% 59% Feb Jan Feb 62% 1 I Gibson Boston Stock Friday Week's Range of Prices Low Par Agricultural Chemical American Sugar Refining American Tel & Tel Woolen American Anaconda Copper 50 34% Jan 40% 15 33% Feb 36% Jan 3,641 143% Jan 150% 631 34% Jan 34% Hecla _ Service Mining Co Jan pfd series A 1st 116% Feb 120 40% Jan 42% Jan 16% 17 615 16% Jan 19% Jan Kellogg Jan 5 225 5 38% Feb 109 40% 4% Feb 5 100 5 15% 15% 15% 50 74 73 75% 235 4% 73 4% 4% Switchboard preferred , Jan 43 5yB Jan 5% Univ Ext Salle La Jan 9% Feb 16% 16% 15 >/4 1,050 9'/a 9% 16 450 Jan 17 14% 500 14% Feb 15% Jan 9 Jan Feb 10 Jan 9 15% 15% 16 850 15% Feb 17'A Jan x49% 48% 51 101 48'/a Feb 53 Jan 16 Jan 17 Jan Jan / liy2 Jan Jan 18% Jan 69 4% Jan 76 Feb Libby Jan Lincoln Feb 5% Middle Field Marshall Jan West & Co Miller & Hart Inc Modine Mfg 6% Jan 17% 25 25 4y8 4% 4'/a 100 ; 25 25% 1,300 12'/a 14 9,950 10 88 14 88 10 88 6% 6% 1,800 , G% 8 Feb 4% Jan Feb 27'A Jan Jan 14 Feb Feb 88 Feb Jan Monroe Chemical 30 64 Jan 68% Jan Montgomery Ward & Co 25 84 Feb 55 100 15% Jan 15% Feb 52% 52% 100 51 Jan 54% Jan 22% 22% 100 22 Vb Jan 24 2'/a 5,800 1 % Feb Feb 11 Jan 8 2 9% 1% 1,250 13% 250 13% Jan 14 Vh Jan 15 Vb 50 15 Feb 15 Vb Feb 23% 23% 200 9% 4% Feb Jan 55% Jan 28% 50 28% Feb 28 Vz Jan 30% 450 30 Jan 31% Jan 30'A 300 27% Feb 31 Jan 28'A 30 20 27% * ♦ x23% Jan 20% 20% 19% 22% 33% 34% 220 33% Feb 35% Jan North • 58% 60 y8 319 53% Jan 61% Feb Northern 111 Corp 1 * • 42.55 42.55 22 43.75 Jan Northwest 35% 37% 2,028 35% Feb 40 y8 30% 552 29% Feb 33% Jan 30 4 Jan 29% 10 36 Jan Car American common common Bancorp common Manufacturing Oak Parker Co Pen 1 common __ 8 Jan 24% 250 22% 8% 1,750 -8% Feb 200 21% 1,580 7% *' Jan -9% Jan 23% Feb 7% 21% Feb 9 24 Vz Jan 23% 8y» 8'/a 25 common— 150 9 8% i Jan 25 Feb Feb 52% 30 54 Muskegon Mot Spec cl A 23% 500 4% 4 53 National Standard common—-- Jan 13% 13% * Jan Jan 2% 15 10 —* 9 39 Jan 42.55 , 9% ' common———* 88 Jan Jan 700 10 1 common Co Feb 8% 8'/a 15% vtc preferred—' prior $1 446 20% 6% Feb 15% 8 • Minneapolis Brew Co common . 450 5 common Feb Jan 17% * common 4 30 17% 17% 7 capital Corp 261 65 xl07/a 1 Printing Co common Feb 65 300 5 common Jan 5 210 11% * 100 common 1% 39 16 10% Jan 16 Jan 15% . 16 •* McNeil & Libby common Jan * Co 32% Jan 16% 1 — 46% 4 * General Electric Feb 8% • com (new)— Harvester Feb 100 86 General Capital Corp 29% 200 14% * Prod common Feb 661 1% 35 Inc 200 9% 10 Pneumatic Tool Steel 1% 41% 1% 39 35 Stores Jan 29% 9% i Lindsay Lt & Chemical common 84 Gillette Safety Razor Indiana 5% 100 National 9% 25 cap capital Co International Independent 167/a new common—j. Brick Illinois 197 100 Employers Group Assoc Feb 1 common Co Brew Inc Horder's 1,295 6% preferred class B pfd adjustment Eastern Steamship Lines 8 Vb Jan 41% 33 5% First Jan 38 40% -100 100 Common 6% 36% Massachusetts Street Ry— Eastern (G) 116% 118% 116% 41% • 100 5 100 26 Trust RR Providence & 700 * * common Dk & Spencer Bartlett common 35 4% & Heileman Hibb Feb 38% Boston Personal Prop Dr 31% 100 ruO Calumet Lakes 479 31% 100 Cl A 1st pfd stampeu H) 8% 29% —* common (W 8% Jan 33% preferred prior Boston Cliff High 37% cl A 1st pfd unstamped 7% Cities Low High RR—, Maine & Boston common Hammond Instrument Co common 144% 147% 146% 36% 100 Stamped 5% Range Since Jan. 1 Elevated Railway— Boston 5% Shares 33% 100 25 RR Albany & Boston Boston Edison Co Gossard Great 37% * 100 100 * 50 American Bros Co for Week Sale Price STOCKS— Safety Razor common Goldblatt Sales Last :: ' Gillette Exchange Refrigerator Jan Feb ' Isle Royale Copper Kennecott Copper Loew's Maine 15 * Central Jan 4% Feb 46% Feb 56% Jan 57c 120 13% Jan 14% Jan Penn 10 Jan 12% Jan 58 Feb 62" 48 % 48% 50% 94 '48% Feb 50% Jan 12% 12% 13% 362 12% Feb 15% Jan 15c 21c 13c Jan Cos—I Service Electric Pennsylvania 8% 8% 83 8% class 19 13 13 16 Vb 16% 24,600 25c Circle Perfect — 50 1,300 Rath (The) Co 10 400 9% 1 common. Packing common 1 5 4% 2'% (The); common &_ 9% 250 25% 25% 110 Jan 9% 2,140 8% Jan 9% Feb 84% 300 80% Jan 87% Jan 8% 32 7% Jan 9% Jan St Louis Nat Stockyards capital • x—* Co capital Sears Roebuck & Serrick Prod Corp 36c 44c 2,400 30c Feb 45c Jan Shellmar 16% 15% 16% 1,089 15% Feb 17% Jan 6% Jan 7 Feb Signode Steel Strap common Sinclair Oil Corp • 4% 4% 238 4% Feb 5% Jan Society Brand Clothes common • 14% 14% 15% 1,310 14% Jan 15% * 12% 13% 60 12% Feb 14% Jan Quincy Mining Co Rexall Drug Co_ & Webster Stop & Shop 6% Torrtngton Co Union Twist Drill Bend South Works Lathe • common 6 capital 60 11 Jan 13 Feb 80 32 Feb 34% Jan Standard Forgings 34% 34% 55 34 Jan 35% 51% 3,973 49% Feb 53 Jan 50% 275 47% Jan 52 y4 Jan US Rubber Co 10 38% 40 259 38% Feb 43 VB Jan 13 13 Waldorf System Inc 49% 13 22% 22% 12% Corp . 20 24% 12% Jan 13% Jan 410 22% Feb 26% Jan Stewart-Warner- Corp Container Sunbeam Week's Last Range Sale Price STOCKS— of Prices Low Par Admiral Corp Advanced Alum Castings Ball Aetna Bearing Allied Laboratories common 4% 9% 17% __ 9% * common 15% 15% 1 5 • common __ Swift & Co capital stock International of Thor 208 South La 19% Jan 700 15% Feb 200 800 400 16 4%. 10 18% 4% Jan 9% Feb 10% Jan 17% Feb 19 Jan 5 Jan U s Steel Armour & Asbestos Co Tel & Co 100 capital 5 Mfg Co commcn , 7 1 common 146% 147% 6% 7 __ — 1% 1,000 1,800 100 1% 144 Jan 150% Jan 6% Feb 7% Jan 1% Jan 1% Lines Washer Jan 13 Vz Jan 19% 20% Belden Mfg Co common 5% 5% Jan Vz Jan 17% Feb 21'/a 18 Jan 5% 450 8% Jan 2% 2% 200 2% Jan 2"% Jan 7% Feb 8 y2 2% Jan 3>A 9'/2 9% 9% 100 9Vz Feb 10 36% 36% 38% 1,200 36% Feb 41% Jan 12% 12% 12% 500 12% Feb 14 y4 Jan 6% 300 6 Vb Jan 6% 38 10% 38 39% 650 33 V2 Jan 10 10% 1,200 29 Vz 29%. 30 7% 1,750 50 550 6% Feb 7% Jan American 5 Aviation (George W) Borg (E L) Castle (A 1 —10 1 * Corp common preferred Convertible __ __ 8% 10 common M) Secur 111 18 % common Biscuit Co & Central 9% 46% — 12% , Butler Bros common Carr-Consol 46% 10 5 common Burton-Dixie Corp 6% 2% Corp Borg-Warner Corp common Bruce Co 6% 1 Berghoff Brewing Corp 32 __ ___ , 17% 8% 2% 2% 35 Jan 36% Jan Jan 15% Feb — " 1 Anaconda & Cherry S W Utll Burrell Chicago Corp Convertible 50c common Corp 5 1 * common common preferred __ 32 Feb 33% 12 — x65 Jan Jail Bethlehem St Paul & Pac * vtc— Convertible Chrysler Corp Club Alum For preferred , footnotes see 112% 2% (new) Products * __ 70 Co common pagp 42. " 5% Steel 10% Jan Canadian Feb 53% Jan Feb 22 Jan Columbia 16% Jan 17% Feb Jan 9% Jan 2 Feb 3 Feb Farnstforth Jan 600 50 6% St San Jan 7% common Jan ll% Jan 49% Feb 59% Jan 13% Jan 25 Jan 44 44 43 Feb 44 Jan 37 38% 2,500 38% Jan 41% Jan 11% 11% 100 11% Feb 12% Jan 71 72% 4,100 69 Jan 78% Jan 23% 23% 300 23% Feb 74% 74% 20 74% Feb 37 71 90 < Jan .26 Feb .74% • 10 Vi 10% ioy2 1,900 10% Feb 10% Jan x9% x9% 9% 100 x9% Feb 10% Jan 5 100 13 13 13 Jan Jan -V13., • 50 10 100 • Feb 2% 2% — "7% 700 8 13 13 13% 32'/a 32 33 25% 25% 200 1,200 100 Feb 7% Jan 8% Jan Feb 14% Jan 13 31 31 31% 1,200 35 * Jan 32 Feb 24% Jan 26% Jan 103 Vz Jan Feb 33% Jan 102 31 Jan i 9% Feb 12% Feb 14% Jan 11% 700 10% Feb 13 VB Jan 10% 300 10% Feb 11% Jan 6y2 6% 7 600 6% Feb 8% Jan 9 8% 9'/a 1,800 7'A Jan 9 Vs Feb Radio—___1 1% 1% 4 Vs 2,700 1% Feb 7'/a Jan * Television & 36 Vb 37% 1,000 36 Jan 35% Jan General Electric 1% Jan General Public Utility Corp 14% Feb Graham-Paige 450 10% Jan 12 Feb 9% 800 10% 10% (The) Feb 34% 11% 65 13% 10% 10% 25 Co System Inc Jan 50 2,350 1 12% 1 1 Ry " • Pacific Gas 11% Feb 13% Gas Co 2 Vz' Feb 39% 11% 36 _2% Jan 12 900 2% Feb 3% Jan 6 Feb 5% 5% 800 4% 5 12 V2 12% 14'/a 2,200 12% * 10% 10% 11% 1,000 10% * Light 3% 3% :Z4Z- 3,900 3% Feb 4 15% Feb Jan Feb Jan Jan Nash-Kelvinator York Feb 11% Jan New Jan 65 % Jan Packard 7 Corp Central Motor American RR capital Car 6% Feb Jan Paramount Pictures Inc new 110 10 700 66% Jan 70% Feb Jan 112% Feb Pure 5% 50 Oil Jan '57% Jan Radio 5% Jan 6 Jan Radio-Keith-Orpheum of com common 51% Corp ■ Jan 4% Jan 8% Jan America 400 8'A 23% 23% 200 22% Jan 24 y4 Feb 8% 8% 8% 500 8 Vn Jan 10 Jan • 25% 25% 26% 700 25% Feb 31% Jan 11% 12 1,600 11'A Feb 14 y4 common Jan 7% Jan 1 * 8% Z 8% 2Vz Pepsi-Cola Co Co (The) 13% Feb Feb 33V2 Airways Corp 600 111 12% 5 1 Motors 6% 5% 9% 49'A Jan com new 70% 112% 112'A 52% 54% 70 100 200 Jan 1 Curtiss-Wright 9% 65 10 49% 12 capital Continental Motors 8% 9% x65 Jan 2 Certain-teed Products 18% 1,100 150 32 % 22% common & Santa Fe Atchison Topeka Pan Chic Milw Chicago Towel Co common—-.——* fc 46% 11% 13 Jan 29 * Corp 600 600 11% 12 j; Jan 12'% Mining Copper Steel Laclede Cent Radiator American 14% 6% 2,150 Feb 11% 10 1 100 500 1 —■ Feb 41 9% Jan 100 Air Lines Inc„ 100 9% 50 18% 17% 8% 500 Feb ' Machine 400 7 13% /I — 300 3 35% 1% 14 35% — 32% 6% Jan Jan 150 Alleghany Corp 6% 35 15% Armco Bendix 6 Stocks— 5% 35 15 * 12% common—, Yates-American 6% 15 Jan 50 Jan 2% __ Jan Feb Jan 6% * 10 Bastian-Blessing Co common Jan 13 Feb Jan 19 'A 900 * Bankshares Indust Woodall 3 Corp 28'A 24% 12% 3,100 150 13 12% 24 450 400 25% 24% . 23 prior preferred 3 common Jan 39% Feb 900 • (new;—• 10 capital Inc Inc— Stores Cumulative 57/e 4 capital Athey Products Corp Avco Manufacturing 33 Feb 11% 12 common— Unlisted Automatic Jan 35 '/a 150 23 Westinghouse Elec & Mfg com Wieboldt 31% 10 1,400 12 —-2 St Corp Salle Union Carbide & Carb United Air High Jan 5 Low High Feb 2 6'A 8 3% _25 Corp Range Since Jan.1 Shares 9% Jan 31% 17% —- Trane Co (The) common— Sales for Week Feb 3 . (The)—— Texas Co 9% 25 Ltd— Co deposit Wisconsin Tel American Corp common Corp common Mach Tool new com Ctfs Friday Jan Feb 5 common Sundstrand Swift Chicago Stock Exchange Jan 5% 4% 25 5 1 common Standard Oil of Ind capital Stone * : Electric Westinghouse * ___ Jan 17% 36% Jan 49"% 49% 5 Co Jan 13% 25 13 32% 25 United Fruit 19 Vz Jan • 12 United Shoe Machinery common Feb "Feb 35'/a 5% 5 2 20 1 Spiegel Inc common Standard Dredging common 32 1 * Inc— 250 6% 13 16 V8 Jan 8 31% Jan Inc 25y2 13 19% 1 Association 2.50 : Pennsylvania RR 19 . 11% __ 35Ve __1 cl B common Corp 50 25 -2.50 North Butte Mining Bhawmut 200 19 50 A capital RR . " Potter 1 20 System '60 Switch 7% 10 prior preferred Elec '■ Jan :—-—L—100 —_—-*■ England Tel & Tel— 100 Y New Haven & Hartford———100 Stone 210 165 11% 11 New N 4 58 Nash-Kelvinator England 100 618 14 100 common preferred —2 Mergenthaler Linotype New 4% 49% 14 5 RR 5% National 4% 46% 25 —. Theatre Boston 5 25 Peabody Coal Co common 11 y4 ' 1 - 9 Jan Volume Number 4777 169 COMMERCIAL THE & FINANCIAL OTHER STOCK RANGE Friday Week's Last * STOCKS- : Sale Price Republic :r. Steel Corp common. Rexail Drug Inc Schenley Soconv Lew 1 Distillers Vacuum Standard Oil of N Standard Steel Inc Co 43/4 24 43/4 J—— 153/a ; —25 - Spring.;. 15% 1414 ...1 Corp-common. 27 % 5'/4 Jan 30 1714 Jan 600 6614 Feb 73% Jan 1414 Feb 1614 16 3/4 Jan y v common 400 Feb 2114 Detroit Stock 1,900 9% Feb 1114 :2% 400 1634 2% Jan 2% ll'/s 200 Jan 11% 11 Week'a STOCKS— Range Sale Price American Laundry of Prices Shares Sale Price Range Since Jan. l'-'r <■ C N 0 & T & gommon— -8.50 Elec & Cincinnati Crosley Tobacco Altes i52 14% Feb 15% Jan American —; Warehouse 200 5 Feb 5 23% 7 Briggs 27% 90% 29% 90% Jan Feb 5% Jan 7% Jan 43 73% Jan 76% Jan 29 Feb 30 Jan Jan Metal Feb Manufacturing *J) 76% 29 ; :/ 5 70 6% 6%, 14 18';" 15 225 15 10 }5 6% 167 18 26v 7% Jan Jan 14 " 18% 26 Feb Feb 16 15 Jan 15 Jan Jan Jan 175 18 Feb 19 ♦ Insulation Gibson 50 23 Jan 26% Art Hobart Mfg Co Kahn (El 57r 4614 common Sons Co Little Gtd Miami Magnavox Co _ 50 44 Jan 49% Feb 19% Jan 21% Jan 123/4 13% 50 210 12% Feb 'i: 4714 » _ __ __ _ 175 21% ,v/ • _ _ _ common 48% 21 47% 47% 230 47% Jan » common preferred Kroger 4614 10 . 1 4414 47 % 95 95 95 Jan 15% 15% 60% 65 , Jan 48% Jan 95 30 411 Jan 95 Jan 17% Jan 66% Jan 16% Jan Motors & • Gamble 60% ' Randall class 0 B 8 ... Rapid Electrotype : S Printing common U Unlisted Allied Tel Chesapeake Cities Bros 7% Jan 8% Jan 11% Feb 11% Jan 80 37% 39 Jan & Detroit & & Tel. 100 _ Ohio 145 .25 _ Gas • Curtiss-Wright 1 Columbia Ale Gar Wood Jan Power Federated General 7 Light Motors National Cash Register.. 358 24% Jan 27% Jan Hurd 147% 127 143 % Jan 150% Jan Kaiser-Frazer 32% 369 31% Jan 34% Jan 95 37% Feb 46% Jan Kinsel 28% 50 26 % Jan 28% Jan 406 10% Jan 11% 50 7% Jan 8% 8 % Packard _ __ Standard Timken U 25 J) (Ohio) Roller Westinghouse Electric " Akron Brass Mfg American & . . Tel Tel & City Cliffs Cleveland $4.50 Iron common preferred Cleveland Jan 17 Jan Feb 10 Jan 2574 261% 50 25% Feb 31% Jan 11% 12'/a 232 11% Feb Jan 4% Jan Jan Jan 66 67% 195 66 Feb 74% Jan 24 % 100 23% Feb 26% Jan 41% 41% 10 40% Jan 42% Jan 71% 73% 69 Jan 78 Jan Cleveland Graphite Bronze Consolidated 60'4 1,430 59% Jan 6114 1 5% 4% 5% 950 4% Feb 5% 1 53/4 53/4 5% 300 5% Jan 6 Feb 2% 2% 2% 300 2% Feb 2% Jan 133/8 13% 13% 550 133/a Feb 14 Jan 11% 11% 11 % 200 11% Feb 11% Jan 5% 5% 300 5% Jan 5% Jan 93/4 10 % 655 93/4 Feb 12'/8 Feb 3% 3% 200 3 Jan 314 Jan 6% 6% 705 6 Feb 8% Jan 135 15 _ .2% $ common. 1 _ _ 5 . 1 __ .. - ... 575 100 147% Jan a3174 a32 % Jan 3% Wines Screw McAleer common Products Mfg .— 39 '13% Oil 1 Murray Corporation Stamping 75% Electric Erie Railroad Glidden Co Goodrich 2% common ' Packard Motor Car common • 3% 3% (Un) Parke Davis Parker Rust-Proof common Peninsular Metal Products Pfeiffer Brewing Rickel River (H W) Raisin 0 0 Bros A _ Sheller Die Udylite Corporation U S Investment Radiator Warner common 1 ... Aircraft Preferred Industrial Jan Jan 150% Jan Interlake Jones & Kelley Lamson & Lime Sessions American Telephone — 1 ______------- 34% — Acme National Tile & Nestle Le Mur N Y Central RR Ohio Oil (Un) Mfg 13% Feb 16 Jan 1 320 74 Jan 76 Jan Mining Co Alleghany Corporation (Un) 39 Jan 42% Jan Allis-Chalmers 23 Feb 25% Jan American : (Un) .1 41 Alaska Juneau Gold Mfg Co Inc Airlines 1 —— * (Un) (Un) Feb 46 Jan Feb 50% Jan 32% Jan American Smelting 40 86 Jan 94 Feb American Tel 12% Feb 14% Jan American Woolen Copper 231 - Armco Armour & Steel & Tel Ref Co Co U S Oil Steel of Ohio Warren common — (Un)_ 19 Feb 21% Jan Atchison 56 Feb 62% Jan 3% 41% Feb 45% Jan Avco 130 11% Feb 13, 20 160 19 Feb 20 Jan 2 Refining & Chemical For footnotes see page 23% 70 41 44 Baldwin Jan 13% Jan Jan 14 200 23/4 Jan 2% Jan 715 16% Feb 18% Jan 9 1,700 9% Jan 8% Feb 6% 390 63/a Feb 614 Jan 4% 500 43/4 Feb 614 Jan 1 100 1 Feb 114 Jan 13/4 100 1% Jan 1% Jan Exchange Shares Range Since Jan. 1 High LotO High ■ 105% al05% $600 a.* a._ 3% 3% Jan 2% 2% 200 2% Jan 2% Jan 195 27 ya Jan 283/4 Jan Jan 8% Jan 73/4 73/4 . 200 410 7 Jan 46 Jan Baltimore 73 38 ; Jan 41% Jan Bandinl 75 12% Feb 13% Jan Barker a7% 1% a8 45 8% Jan 13% 13 3/8 425 13% Feb 143/a Jan 146 54 Feb 54 Feb Jan 150 ——; 147 147% V ' " 1,923 a34% a36% 145 7/8 59 Jan 83A Jan 3 6'/a Feb 37 3/a 572 32 Feb 35 % Jan 25% 630 24% Jan 27% Jan 7 625 6% Feb 7.3/4 Jan 32 32% 24% 5 6% (Un) -100 —. a90 a98 % a 90% 25 Jan 165 a__ a— - 33% • 63% 33% 150 33% Feb 6 3/8 6% 763 6% Feb 7% Jan 11% • 3 (Un) & Ohio Railroad Petroleum Bros Works (Un). —13 100 Co 11% 485 11% Feb 11% Jan 32 Jan 34% Jan 29% Jan 33% Jan Barnsdall Oil 11% Jan 12% Jan Basin 10% 160 10% Feb 11% Jan 34 34% 552 34 Feb 35% Jan 4%. 700 Feb 4% Jan 19% 1 70c Barnhart-Morrow Consol 75 400 34 t % 4% 1,218 4% Co Oil Bendix Co (Un) Aviation _ a31% 5 . 19 19 200 —. —— all% all% 6 Black Mammoth Cons Mng Co Jan Boeing Airplane Co 6 Jan 6% Jan Bolsa 102 10% Feb 13% Jan Borden Company 75 26% Feb 33% Jan Borg-Warner 130 16% Jan 173/4 Jan 10 16% 19 Feb a 6% 10% all% Feb 4% 380 16% 19 Feb 4% 6 11% Feb 14% 347 23% Feb 27 3/8 39 Jan 1,702 39% Jan 42% Jan 23% 24 Va Corp. — (Un) Corp (Un) Broadway Dept Store — — — 1 — 8 5 alO 932 5% 6% 75c Jan Jan 18% Jan 31% 48% 585 9% 8% a35 50 Jan Jan Feb 3c Jan 3c Jan Feb 21% Feb Jan 10 Jan 8 ► 63/4 Jan Feb 40% Feb Feb 53% Jan 9 Feb 10 Jan 8% Feb 40 V4 348 a35 333/4 5% 1,667 8% 32% a._ Feb 21% 105 46% Jan a__ 3,195 9 46% * Jan 473/4 115 9 Jan Jan 3,000 8 Jan 4% Feb 2,568 3c a20 a20% 10% 21 Feb 32% 27 31% Feb 15 260 alO 31% Feb 50c 365 3,910 a31% a32% Feb 423/4 1,500 43 a39% a40% ..15 _ 9 3 19% 46% Jan 40 Y* Oil 70c 16% 3c 5 Jan 24% Chica 10c — (Un) 815 15 y • ■ 4% 4% 1,350 65c 15 33% Corp Bendix Home Appliances Inc. Bethlehem Steel Corp (Un) 220 3% 193/4 423A 5 _ 20c _____ _ 9 10 9 3 19% 1 Company common 12 33% a Feb 3% a49% a51% /, 100 _ _ Locomotive "y California 1,117 23% Feb 26% Jan Calumet Gold 60 40% Feb 45% Jan Canadian a71 % a73 '/a 443 69 Jan 78% Jan Case 1% 300 1% Jan a68 % a70% 145 67% Feb 1% 1% 74 Pacific (J I) Ry Co Company Jan Caterpillar Jan Certain-teed Tractor — • Corp commonl Mines Company _10c Packing a40 % a40% a71% — 42. 12 % 17 —10 Top & Santa Fe Ry Co (Un) % a39 3 8 24% • Youngstown Sheet & Tube Jan 3% a25% —— Manufacturing Corp al2% al2V4 a26% a28 s> » Feb Jan Jan .a 39 —— —. 10 ' 10% 100 2% Feb 4 614 a25% a25% 21/4 , * Atlantic Refining 6 19 • common- 14 1,860 ' ■ a (Un) —30 Co (Un). 10% : — (Un) 12 Low • (Un) Mining (111) 50 12 (Un) Co Corp, (Un) Co & 193 39% Standard 20 % Feb Feb ' 19% 34 • * Thompson Products Inc common. Jan 3% 6 Sales American Power & Light Co (UnI.¬ American Radiator & St San (Un)„• Feb Feb 11% * (Un) 183/4 100 for Week 1 29 v Jan a29% a30 % —— ~ 100 Range 10 46% 136 62% 34 —— Pennsylvania RR (Un) Radio Corp of America Republic Steel (Un) Jan of Prices 1957 100 a6% . — Jan 3% Stocks— 40 class A.— _ Feb 26% Feb Week's Blue Diamond Corp _1 National 27 Feb 23/4 Jan Jan Jan 44 • * 4 Jan 25% Telegraph- & 29 % Feb 10 _. 24% Jan l3/4 1 , Jan 19 « Metropolitan Paving Brick— Jan 1,160 8% Par 57% * Medusa Portland Cement 414 1 1 Jan 11% __ Trans. Feb 43/4 ' Bonds— 36% 19 * (Un) & 12% 19 y4 —- Steamship 3% IiMt a42 % a42 % i> Laughlin Steel Island Jan Sale Price 215 ' • -1 (Un) Iron 2% 13 6% W' Friday 487 50 (Un) Rayon Interlake 8% 1 common Feb 3% 16% —4 common Products 16% 1 common common common 2% 6% 23/4 .5 common Feb • 100 19 14 —- 1 common..... 12% 3% 113/a Jan 1% Feb 6 113/4 . ' 1,500 3 19 — 6 10 „ Axle — 5 25% 23/4 19 —2 - _ & Timken-Detroit Union ♦ common Manufacturing Superior Tool a37% — "I 5 _ Jan 16 95c 900 ; 26 3/4 25% 23/4 1 _ common _ 25% ..2% _ com Paper a57% a57% — ... Greif Bros Cooperage Jan 1,502 4 * a59% a60% — » 0 B F 94 a37 10 (Un)_. 94 12% — commcn Jan Feb 2,825 2% 25 187 41% a47% a29'/4 a29 % * Goodyear T & R common Halle a47 i —.■ * (Un) Motors 95c 2% 125 . 23 41% ' _ (Un). General Electric 'General — .* • 15 *. Controller / 2 ._ __ 31 Va 2.009 40% a40% 23 .-M' - ...2 . 95c 10 common 15 14% .» .15 . 1% .1 common McClanahan National common. Feb 16% 143 115 15 15 1 High Jan 3% f — Los Angeles Stock 16 156 a27 % a28% 1 . . Mfg — .1 _ _ Anaconda Chemical Dow Eaton 9% Range Since Jan. 1 Low 3% a . * common Sales Shares 16 146% a (Un). Gas (Un) Natural .. 59 % for Week High ;75 . 59% common Exchange 16 Feb 10 Jan Feb Range Feb 6 3,500 100 3% of Prices Feb 8% Feb 6 12% 8% f Week's 6% Feb 6 8% 6 12% 16% 26% Jan 8% 6% 8% 6 Jan 25 Feb 514 100 614 8% 6,812 25 23% 3,830 6% 1 1 'IVb 129 8 Jan Jan 8% 23% Jan 20% 3 16% 23% 65c Jan Feb 16% 318 Jan 19% 2% Jan yy 50c 100 400 31% 21% 700 19 2% 34% Jan 60c 2% Feb 17% Feb Jan Feb 25 Jan 114 25% 18 % 3 Jan Jan 18% Feb 19 19 1 new Jan 2% 200 60c 1 common _ 2% 4% 1% Feb 17% 2% — 24 Feb 200 28% Feb — 24% Jan 33/4 ' 1% 31% 14 .• 1 450 Feb 23% 100 3% ' . corn- Jan 100 3% 1% 25 — Illumln Electric 23% 24 . 1 122 • 23% —. 24 Feb Jan 31% 25 - Fuel. & Ice 233A 24 Corp 2%s debentures Chesapeake & Ohio RR— Jan 1% 27% a Jan 914 Feb 25% -- 214 Feb 1% 30 3% 100 (Un) Feb 8% 700 Jan ; 5 2% 890 % Feb 50c — _ Body 300 8% 1 Feb Low : Amer Coach 2% 8% 1% Jan Par : \ 23/a 8% 22 2 Jan Cleveland Stock : 2% common common Wayne Screw .. Jan LaSalle 62% Last 20 Va Jan 39% Sale Price 5,527 Jan 71% STOCKS— 21% 2% Jan Friday 21% Jan Feb — 21% 2% 41% * 12.50 Jan 400 23% » Bearing Steel S Feb 5% 2% 57% 66 6 Jan 2% 36% 10 Jan 4% 1 120 -w (N Oil 53/4 Jan 252 * Brands Oil Standard 250 675 10 common.. Scotten-Dillon Standard 6 4% 1% 25% 15% Jan 6 4% 814 26% 170 Jan 17% Feb 40 15% Feb Feb 70 15% 16% 7% 6074 15% 100 1% 11% 15 Socony Vacuum Oil 16% 100 25% __ 16% Jan Jan 8 4,500 8% * Corp 3314 1% 16% a Oil Pure Radio 20% Feb Feb 73/4 25% 4 Feb 6% 1% 29% 4 19 32% 510 73/4 36% 33 %u - 640 220 6% 1 25% __50 .. . - 19% 32% 6% Foundry & Mach com Lansing Stamping common. 59 % a Motor Car- 19 6% 4% Lakey 11 Jan 32% 19 1 Car Drug 57 1 Mfg common King-Seeley 39% < 31% « Pennsylvania RR Pepsi-Cola & Feb 1 common Motors Motor Lock 54% 5 common Electric 25% 36% __ Oil 395 214 com Manufacturing Hudson 59% a 54% 1 Brewing common Graham Paige common Jan 30% 10 _ Jan 54'/a * Goebel 28% 25% a Jan 1% common Gerity-Michigan Feb 29% a Electric General Ohio & Dept Stores 3114 Jan 1 Industries Motors Masco Dayton Feb 1 common Finance 26% 8% — 28 ___l Manufacturing General Hoskins Jan 345 200 214 Brewing Trailer Gemmer 29 1% common Fruehauf 28 1 Frankenmuth Friars 28 1% Corp Products 10% 10% IOV2 20 Steel 3.7% . Feb Navigation Steel 28% 39 ... 8% Electromaster 31% 31% 0 & Fuel 250 common... Detroit 45 - 9 Detroit Gray Iron common Detroit-Michigan Stove common 26% 145 . Jan 8% 1 Stores Cleveland 24% 24% Jan 6 Edison Howell 10 214 Jan * common Detroit 26% Service City Ice 38 % Feb 5% common Houdaille-Hershey * „ Rolling Mill American 25 11% 38 Feb Stocks— Stores American I__ 60% 130 8 1114 * 1,055 23/a 320 common Co Drug General Procter 300 Jan 43% 20 — 50 .. _ 13% 47% ' 44% _ 2% 5% 10 Power Detroit Formica High 2% Paper Consumer's Continental Davidson Low 5% common Chrysler Corp common Consolidated Range Since Jan. 1 High —2 Products Brown-McLaren 13 Low Shares 1 Jan Jan 862 182 7 29 ..'.'..5 _ Eagle-Picher Feb J ap 7 Prices 1 common Feb Cunningham .25 ... 3 90% 614 21% 226yy " 29% 9014 76 ... — : 28% -.50 .. 7 614 \vYV' Dixie Ice Cream. Feb 22% 7 ■ ft » Motors Tissue Crystal Tel 25% 29 25 Bell Sub Jan 90 % Cincinnati Street Cine 22% 5> 21% —m Brewing 130 15 5 * Electric for Week ef Par Allen 25 % . 14% *; , High J. common.j.'........ P - w -r—-— — Gas , 1 7„. Champion Paper & Fibre Churngold Corp; v-Cincinnati 24 8 „— Brummell, 24% Low High Sales Range Last STOCKS— Exchange Week's Wlsj for Week •" Low N 20 Mach Baldwin Beau v Par -yy WOedwari 2-5525 Detroit Slock " Z''1 y DETROIT Telephesss Sale* Last. yv'y 'T-' Exchange Jan Friday + York Curb Chicago Stock Exchange Building Cincinnati Stock Exchange - Exchange Feb 11 % New Exchange Jan 23/a Ford Jan 10 11 % . New York Stock • 1714 93/4' r — —1 Corp Wilson & Co Members Jan Feb 1 --1200 ■£:; 14%" 14% Watling, Lerchen & Co. Jan 67 %."<>* • 11 Jan Feb 2% Sunray Oil Corp United Feb 43/4 15 34 :' Studebaker 237/s 4,700 16 66 % —-1 — FEBRUARY Hiah 300 1,200 . 47/a 2714 15 — EXCHANGES ENDED Range Since Jan. 1 Low -l3/4 Corp Oil for Week Shares ,,,. High ' 23Va .2% (731) Sales Range of Prices Par WEEK FOR CHRONICLE _ Co 7c Jan 12% Feb 7c 7c 1,000 —25 -1— 12% 12% 381 a33 a33 a35 75 a— 50 a— * (Un) Corp _ _ 1 —_ a53% a53 Va 11% 11% 425 Jan a__ 25 (Un) (Un) Products a 9% 11% 7c Jan 14% Jan a__ — Feb --- a— 13% Jan 35 CHRONICLE & FINANCIAL COMMERCIAL THE (732) 36 Monday, February 14, 1949 OTHER STOCK EXCHANCES Week's Range Chrysler 100 3% Feb 3% Feb 830 52% Feb 56% Jan 38% 39% 890 38% Feb 45% Jan 5 Va 38% & 4% 414 300 4% Feb Jan Texas Company 16% 16% 180 16% Feb 19 Jan Texas 18 18'/4 883 17% Jan 19% Jan Textron 10% 212 10% Feb 11% Jan al7 al7 70 16% Jau 17 Feb Tidewater Assoc Oil Co a25% a26% 409 25% Jan 26% Jan Transamerica 3% 5,325 Jan 3% Jan Transcontinental & Western Air a26 Preferred 1.45 2,300 1.20 Feb 1.50 Jan Tri-Continental 22% 605 22 Va Jan 22% Jan Twentieth 7 7% 740 6% Jan 7% 17% 550 17 Va Jan 17% Jan a9 142 9% Jan 10% Jan Union Oil 820 6% Feb 8 Vfe Jan Union 47% a48 % 69 Jan 55 Va 9 150 9 Jan a24'/8 a25Va 396 25 Jan 1 A* 55 RR 100 6% Feb 7 Jan United States 7'A Jan 9% Feb United States 105 a49% a49% v. 20 a__. a— - a— a-A .10 20'A a20Ve 20'A 21% Jan Universal — Van —.• Jan 13% 1214 13 495 12% Feb 11 1114 200 11 Feb 12% 21% 125 21% Feb 21% Rubber Steel Consol de Kamp's Corporation Garrett — — 55c 10 10% 218 10 Feb 10% 930 37 Feb 39% 42 Jan 42% al2 25 23% * Goodyear Tire & Rubber Co common—* Graham-Paige Motors Corp (Un) 1 Great Northern Ry preferred (Un)—* Greyhound Corp (Un) 3 a56 (Un) McBean & Co (B F) Co (Un) Gladding Goodrich 1% 310 7% Feb Hancock Oil Development Co Holiy Hupp Corporation Illinois Central RR (Un Co Oil Company Jade Kennecott (Un). (Un)_. McNeil & Libby Libby ; ; Lincoln Petroleum Co Lockheed Aircraft Corp Jan 62% 11% Jan 12 Vfe Feb 25- (Un)——. Inc Feb 3% 38% 185 38% Feb 38% Feb 10% 10% Feb 11 Jan American Tel Central New^York a__ 630 175 Corporation Ltd •TNordon 45 *North'American Pacific Ry "Northern Aircraft Northrop Oil Oceanic Gas & Jan Curtis 11% Jan Delaware Power <fe Light com a2 a2 7 VaC 7% 8% Co Radio Corp Rexall & Gas 1.05 1,000 1.00 29% 46% 115 46% Feb 8% 9'A 619 «'/a Jan Power Pennsylvania Pennsylvania Salt Mfg 50 vb Feb 56 % 40 Va Feb 46% Jan 394 23% Feb 26 % Jan a 8Vi a RR 290 a 91 15% '• 75 95c Jan "8% Jan Philco Corp Jan 1.45 Jan Public Service 100 El Jan Jan Salt Jan 290 Va Jan Feb 17 Vfe Feb Jan 85c Feb a— ___ Oil Dome Sun 17% Paper Company Union Oil Corp Jan Feb 1.90 Jan Westmoreland 415 52",4 Feb 55% 1.70 100 1.70 Jan 1.80 14 410 14% 20 Feb a__ 165 18 18% 17 Va 210 16 % Jan 17 Va 15 15 285 7% 7% 1,575 25c 7% 1 30c 1,800 15 Feb 7% 17 11% 9,150 2.00 Feb 2.65 26% Feb 32% al9 50 al9 32% 32% 33% 19 Jan 19 2,405 > 30% Jan 33% 33% Feb 35 Vfe 30% 30% 100 30% Feb 32% 27% 730 27% Feb 28% 55% 200 51% Jan 55 Vfe 51 51% 572 51 Feb 53 Vfe Joy 3% 4 2,070 8 Va 615 a23 a23 Va 115 8% f v' ,' : 3% Feb 8% Jan 23% Jan 4% Nat Pitts Jan Renner Jan 24 Screw Pittsburgh Jan 9Va •23% Feb 144% 147% 2,073 143% Jan 150% Jan 11 Vs 62 11 Va Feb 12% Jan 110 - 8 114 114 Jan 106 Feb ' 63% 52% 45 63 Jan 65% Jan 54% 63 550 51 Jan 57% Jan 678 6% Feb 7% Jan 16% Jan 18% Jan 290 47 V. Feb 51% Jan 59% 58% 60% 2,997 57% Jan 62% Feb 16 16% 255 16 Feb 17% Jan 10 Vfe 10% 310 10% Feb 11% Jan 418 Feb 5% Jan A Jan A Jan 6'A 4% 4%: 60 A A 105 iff > Feb 7% 7 Vfe 7% 2,011 6% Jan 18 Va 17% 18% 1,130 17% Jan 18% Feb 16 Vfe 16 16% 5,155 16 Jan 17% Jan 33% 35 Va 285 33 Vfe Feb 36% Jan 7 • / 21% 22'A 7.383 20% Jan 22% Jan 24% 25% 474 23'A Jan 25% Feb 32% 3 5 Vfe 624 32 V2 Feb 40% Jan 32 Vfe Feb Feb Jan 8% 8% 75 8% Feb 11 Jan 48% 48% 48% 119 46% Jan 48% Jan 52% 52 53 246 52 Feb 60 VB Jan 2% Feb 20 Va —1 - 2% —13 Va1 V ■ 2% 1,000 2Va 18% 18% Jan 19'A 786 18 Vfe Feb 19% Jan 20% Feb 20% Jan 35 Feb 37% Jan 20% 20% 35 35 < 50 10 ■■■■ San 8 Jan 49 Feb 53 Jan Westingnouse 32% 573 32% Feb 34 Jan Westinghouse 26% 472 25 Va Feb 31% e 12 1,076 11% Feb >■ . Low for Week • Shares Range Since Jan. 1 High Low High Jan 23% 23% 25 190 23% Feb 26% 12% 12% 13% 377 12% Feb 14% Jan 11 434 10% Jan 11% Jan 10% 10% 11111 2 2 320 5 9 9'A 347 21'A 21'A x22% 270 36% 35% 37 292 35% Feb 39% Jan 22% 23 VB 293 21% Jan 24 Jan 18% Corp 19'A 331 18% Feb 23% Jan 2% » -III 2 Feb 10 Jan Feb 23 VB Jan 3lfe 500 Jan 3% Feb 32% 256 28 Jan 32% Feb 30% 30% 32% 190 30% Feb 35 Vb Jan 8 VB 7% 8Va 200 7% Feb 8% 3% 3% 300 3 Vfe Feb 3 Va 3>A — — <• 10 « Corp Foundry Feb Feb 21'A 32% 5 pfd 2 9 ,■ com— — . 60c — 60c 100 50c 8c 3,200 7c Jan 5V« Jan Feb 60c Jan 7c — _ ... Jan .-<• Jan §c Jan Jan 11% Sales ' Rknge ofTTices *Par • $3.50 Mining. Toy 200 240 ^Week's ' Last Sale Price Co _ 682 16% Feb 17% Jan United Jan 9% 14 States _ _ Glass Air com t v _• -TalftO Corp 8 250 22 4,540 2% 214 100 2% 24% 23% 24% 812 23% Feb 27% 4% 4% 115 4% Jan 5% Jan Feb 8% Feb 25% Jan 3 Jan Jan Jan 256 4% Jan 5 Jan 70c 2,900 67 %c Feb 70c Jan 3,549 25' Jan 30% Jan American Invest Feb 6% Jan American Tel 27% a — 18 6 - a •- 2,300 'A Bank Bldg 18% 65 a71fe 20 a26% a26% 185 a7% 5% 17 y8 Jan 8% 27%. Exchange Sales for Week Jan ' Jan 8% Jan » Burkart Mfg Jan 27% Jan Falstaff Brew Shoe 16% 146 Va .3 1 common 16% Jan 17% Jan General Electric 869 36 Vfe Feb 39% Jan General Motors 46 47 Vfe 95 46 Feb 50% Feb General Shoe 31 Vfe 31 Vfe 158 31 VB Feb 38% Jan Griesedieck-Western 21% 22 690 20% Feb 24 Vfe Jan Hydraulic 20c 22c 6,800 20c Feb 28c Jan Preferred International • (Un) common 10 (Un) common 6 Brew common...11 Brick 10,955 19% Feb 23% Jan 1,911 15% Feb 17 VB Jan com —25 30% 30% 30% 1,932 29% Jan 30% 28 404 27% Feb 28% Jan Knapp-Monarch 28% 30% 17 18 24%* 24% 24% 16Vfe 290 143 665 17 Jan "*520 9 Vfe Jan 66 30% Jan " 150% Jan Feb Jan '4-49% Jan . "31% Jan %83A Jan 160 17 Jan 345 24% Jan 25 Vb Jan 35 Va 35% 36% 116 37% Feb 40Vfe Jan 59'A* 58% 61 432 57% Jan 62% Feb 25% 26 Vfe 145 25% Feb 28 Vs Jan 20% 22'A 1,296 19Vfe Jan 22 V4 Feb 58 1% Jan 2'A Jan 22 V4 2 ' 2 * 2 23% 42 41'A 42 —1* 10 1 Feb Jan 44 Va Jan 9% Jan 10 8 Jan 13 10O 8 24 40% 340 10 Jan Jan 21 50 23% 155 Jan 27% 9 High Low 23% —50 15% 17 30% .1 common Pressed 9 9 —1 common 1,247 16% Range Since Jan. 1 Shares High 145 Vfe 147% .15 common 17% , Low —100 37 Vfe 20c Jan Range common.A_.-_i:—__i.il 17 21% Jan 26% of Prices Par . & Eqpt common— 19% Brown " & Tel (Un). 36% .r"47 "34% Feb" Last 4% 5% Feb- 22% Sale Price STOCKS— 4% 25% Feb 30% 427 . Week's Friday 67 Vac ■' 24 22% 22% 5% 809 200 5% 32 VB St. Louis Stock Jan 8 30% Jan 8 20% 20% 5% 30% 1 c Brake Electric 20% 19 Vfe ■ 25 A. __25 34% __* class 41 % (U111 a — • (Un) common 29% Jan Laclede-Christy Jan 29 Jan Laclede Gas 753 24% 25% Feb Laclede Steel 460 34% Feb 35% Jan McQuay-Norrls Midwest Missouri Portland Cement 43% 2,772 41 Vfe Feb 49% Jan 37 Vfe 365 36% Feb 37 Vfe Feb 18 Vfe al8% 28 17% Jan 21% Jan North American com 4,317 56% Feb 67% Jan St 37 Vfe 282 37% Feb 40 Jan Sears 718 66% Feb 72% Jan Sterling Aluminum 15 13% Feb 14 Jam 16% Feb r~l- 21% Jan 16% a 12% 16% a 12% ' 17 <• -• *• & class 32% Feb 34 Jan 16% 16% 16% 80 16% Feb 17% Jan 20% 20% 100 20% Feb 21% Feb 17 17 129 16 Jan 17 Jan 70 15% Jan 17 5% 17 5VB 17 5% 1,050 4% Jan 5% Jan 35'A 35'A 37% 210 35% Feb 39% Jan 20%' 10 A 50 1* common . : ^5 .15 5 - Jan 6Vb Feb Feb 13*/s Feb 15 Jan 13% 13% 13% 380 13 Jan 13% Feb 41 41 44 Vfe 340 41 Feb 46 Jan 13 Vb ...1 _< — ( 110 , Co (Un) Vplle!* common Wagner Electric common 42. 32% 13 Vfe 25 (Un).. Public Service Roebuck 2,530 32% common.—* ^iY-TRi^r 646 __ 66% 66% __ » Louis Feb 30 6 Vfe 32 Va 10 — & Supply 60 Vfe 13% 13% 5% 20 common 37% Jan "5% _5 . common. Piping 8 Feb 8% .4 common common 56% .25 .. common Jan 56% * (Un) Johnson-S & Shinkle __ - — (Un) a • common Jan 36% a Shoe 28 41% _ _ Calif page Jan 0 _ . a48 17% Company see 21V4 23% Electric Steel Co 161a 8 (Ind) i(Un)__— For footnotes, 661 Feb — Bolt & a8l4 21% ' High Low 20% Pittsburgh Plate Glass 25% a26% Range Since Jan. 1 Shares 762 Steel— Brewing 32% 26% 4%c Jan 23% _ 15% Inc-(Un) Studebaker Corporation - Jan 21% Fireproofing Corp. Pittsburgh 16% 67 %c 3c High 22% Supply 19% Southern Railway Company Webster Inc Jan Feb 46 » 20 Va ■ & Fuel a8 'A 34% Stone & 47% 1,000 1,167 -50 Gas Star a44V» a44% 34% Standard Oil Co (N J) 444 3c 28 Commercial 15% preferred of 46 20 Manufacturing Lone Jan 4.32% Co 46 — 6lfe * Gas Mountain Feb 701 Oil Jan 21% Harbison Walker Refractories com Jan 55% 1,147 Standard Jan 7% a Jan Co Continental Jan 27% 29 Standard Oil Co 26% Feb 10 Ludlum Columbia Jan 33% 25% Brands Feb 6% a Jan . Blaw-Knox Feb 194 33 3314 28% Standard 22% 85 26% v / Allegheny Jan 28% Pacific 69 695 a6% 20 • Jan 25 VB Southern Feb 23% Friday Jan 405 1 - pfd Jan 18% STOCKS— Jan 2.15 28% 6% Jan 6% 754 Coal ' " Jan 33c 26 % 28% Co •10% Feb 347 Jan Feb Feb 25c 2.00 2.00 28% Gas Feb 5 Vfe 21% •. 25 Calif 9% 123 Pittsburgh Stock Exchange Feb 25 So 891 5% 27% Jan 17Va — - 10% 20% a__ Jan -10 —25 — preferred preferred 9% 21% Inc Jan 4.48% 4.56 11 Jan 13Va a6% 1ft _ Feb Jan 2% Feb 11% Corp preferred 11 Jan 1% 1.30 Feb —1 Socony-Vacuum Oil Co Inc Southern Calif Edison Co Ltd 4.88% 165 Feb 27% Corp (Un)— —15 Oil Jan J 1,300 9 Va • 41 com Improvement 13 Va 1 Feb 48 Vfe Gas 8,650 al7% al7% _* 35 47'/a Corp 1% 460 Signal Oil & Qas Co new class A. Signal Petroleum Co of Cal — 2,135 47% United a6% __30 Feb 38 11 18 • 1.60 4,600 — 77% 63% common 1.70 • Security 39% Jan 110 Co Oil 53% 1% 1 Feb 69% 11 Vfe United 1.05 a__ 9% — 39 Va 25% Reading Co common Westmoreland * Co Finance 385 1,394 common preference 18% 1.30 . Jan 39Vfe Low .3 Gas 14% 9% Roebuck & Co Sinclair & Jan 52% 17% com common div $1.40 Jan 290 1,300 85c 5 2% Sales Philadelphia Electric common.. $1 dlv preference common 14% 255 a32 a33Vfe 33% 1.75 Jan for Week Jan . 2% * 50 10 - 16 % 55. 16% 14% 1414 ; 8 2,000 16% Feb 1.20 385 1.25 Jan 5% Jan — 264 Jan 1,251 15c Scott . 2% Jan 1 Jan 1.089 8 5 Jan Range ——* Corp Jan 24 1.25 5214 Light 9 42 % 2.50 Stores Inc St Regis Paper Co (Un) Schenley Industries Inc 12 Ve 50 & 15c 2,907 13 Vfe Safeway Shell Pennsylvania Power & Light 1,000 1.25 Richfield Oil Corp common— Feb 5 Pennroad 23% 1 11 Vfe 10 Navigation Feb 6% 10 25 Ryah Aeronautical Company Seaboard & Feb 40 V8 al6% Brothers Coal National 20c Co Feb 138 6 Vfe Lehigh Valley RR Feb Company— 23 10 Jan allc 40 y« (Un)— * (Un)—_1 1 50c • Feb 52 % Corp Jan 1.25 31 a46% a48% a46% Corp 22% 13 % 46% Feb 6 ■ 260 Week's * ; 10 Feb 220 ' Sears Lehigh Feb Drug Inc Oil Glmbel Jan 46% * * of America Ranch Feb 10 allc Petroleum Co common Republic Pictures Corp (Un)_— Republic Steel Corp (Un)— Rice 7 Vic Feb 10% (Un)_— Republic Oil Jan 7% 14c (Un) Radio-Keith-Orpheum Reserve 2c 1.090 (Un) Inc Jan 1,500 25 Co 23 11% * Co Battery General Motors 27jm 29% 9% Storage Jan 29 Vfe 1.00 4614 ' Electrio 2%. Jan Feb 29% (Un)__2V2 .Paramount Pictures Inc (Un)„ -1 Pennsylvania RR Co (Un) 50 Pepsi-Cola Co (Un) —_—33 %c Phelps Dodge Corp (Un) —4 25 Oil 2 Vfe 61,000 4 Vac American Airways Corp Pure 50 14c Calif Jan 86 145% Duquesne Brewing new common- Motor Car Pullman a 50 ——__ 25 : 25 Company———10 Pacific Lighting Corp common • Pan v Jan 4% 11% common Jan 30 Vfe of Prices 2Va Chrysler Corp Publishing 13 Jan 26 % Elec 41% Feb — 50 —50 common preferred Feb Indemnity Packard participating Feb 14c 1st Pacific 6% Jan 10% preferred 5 % % preferred 5% red preferred 6% Securities Corp Bankers Jan 9% 3 7% 1 Pacific Finance Corp of Pacific 118 Jan 10 290 Co 37 Feb 13 10 (Un) Ohio Oil Co Jan Jan Feb 22% Works 10 6%c —1 — 7% 20% 22% a6% 100 Tel & Locomotive 320 al5 Corp——. Jan Jan al4% al5Vfe • 4,820 .100 (Un) Co Inc. Petroleum Occidental Feb 9% 1 .. 6% 20'A . Par Jan a9 1014 (Un)— Co 25 80 Sale Price 3 Va 290 (Un), Jan 5'A „ STOCKS— Jan __1 Inc 10 10% -II — 12% 82:% ■ 22% a~ — 100 a24% a25% a 11% Jan 75 Jan 25% 10c a2 (Un). RR <North^American Aviation * 105 9% 3 Corp (Un)—-—— —5 1 City Lines Inc— Distillers Prod Corp (Un). National Jan 11 __ ♦ 1 , a9 Nash-Kelvinator National 11% 3c • ; (Un) 10 ♦ (Un). Jan 450 5'A (Un) Inc a9 -_1 Merchants 10 350 35 10% American Stores 695 1 Manufacturing Co— Petroleum Co 1 Menasco Montgomery Ward & Co Inc Mt Diablo Oil Mining & Dev Jan 8,468 Last 2'A 1 McKesson & Robibns 25% 4,869 Friday 512 100 a Feb Philadelphia Slock Exchange 2% 9% 18 21% 37 — Feb 57% Feb al5 — 1,157- 71 Vr 72 Vfe 5 (Un) Feb 23% 42% 14% Magnavox Co (Un) Mascot Oil Company (Un) Co Feb 75 2,572 ; 20 1 Investment CO— Los Angeles W) 136 --* 100 (Un)———— Inc Loew's — Co Mining Co 42% 10% 1 * 5 1 7 10c 1 — Corp Copper County Land Co Lane-Wells Company 1 Kern (F Gold 38% 10c —— Corp Kaiser-Frazer 15% 39Vfe __ >_1 — Motors a56a57Vfe 38% Imperial Develop Co Ltd 25c Independent Exploration Co——33V3C Intercoast Petroleum Corp 10 International Nickel Co of Can (Un)_* International Paper Co (Un) 15 International Tel &•; Tel (Un)——* Jan 83 —__,10 ■'* /• Inc Tel 2% * 6.66% 1 100 Hunt Foods Inc Lines 42% X Car Co Hudson Motor Jan 15% 10 2% • Bakeries—^L__* ' • 5 class A common Co Jan 11 < • Jan 400 6014 60 Jan 305 Baldwin Hilton Hotels Corp 61 Feb 27 Vfe __ —10 (Un) Co Jan 24% common Feb 10 Jan 135 al2 Corp General Public Util Corp Jan Feb 59% 170 Jan 37 2314 Motors (Un) Zenda 37 al2 General (Uni Co Corp Union Woolworth a39% a41% 10 10 5 Foods Oil (H D) Willys-Overland Jan 22,830 Co Corp Westinghouse Elec Corp Jan 39 4 Vfe a39% Electric General 65c Jan 307 1% * * General 55c 1,300 306 306 life 1 2 Radio Corp.. & 55c BR—100 Merchants Nat'l Jan Air Western Feb Tele 54% 49 234 22% 11% J Warner Bros Pictures Inc (Un)— Jan 21% and Feb 651 , Jan 37 „ 5 __1Q , (Un) 4,035 4 Farmers Jan 30 28% 25% 37 Corp 9'A Electric Bond & Share Co. Farnsworth Jan 19% 125 a6% a6% al9% al9% 26 Vs 50 United (Un 5 Electric Power & Light Corp (Un)—* Exeter Oil Co Ltd class A 1 Corp Products 11% Feb 82% (Un)__♦ Jan 27 — — (Un) Co Jan 9% Western Electrical allVe — * (Un) United Aircraft Corp (Un)___ United Air Lines Inc (Un) 6%. a 10 al4% 22% 10Vfe all'/a HW J Feb 18 "" Jan a21% a21% 50c 10 % common—23 California of 8% a49% al4% 21% 10 — ___1.1 Film Union Carbide & Carbon Corp 6% " 9 a211« 10 21 % —5 (Un) Corp Pacific 9 a24!4 (Un)— Century-Fox 614 a — 9% 150. Jan 6 % 61a il - Corporation 1.20 — 50c .•*'■.' 10 2 — — 22% a47% (Un) common a8% 1 Douglas Aircraft Co Inc Dresser, Industries Inc 3 Inc 17% Mng——1 (Un)-* 1 Consolidated Liquidating Corp • Consolidated Vultee Aircraft (Un)—1 Continental Motors Corp (Un) 1 Continental Oil Co (Del) (Un)— 5 Creameries of America Inc —1 Crown Zellerbach Corp (Un.i 5 Curtis Publishing Company * Class A 3'/, 314 1.45 2214 7 . (Un) Sulphur Co Gulf 2,197 18 a29% 49 59% — a29% 49 Range Since Jan. 1 Low 10 18 a29% 49Vfe 59% 9lfe 10 25 25 -* (Un) Co & 10% & Sav —_ Swift 18 Consolidated Engineering Corp Curtiss-Wright. Corp (Un) preferred "B"_ 4 Vfe % Shares High Low 1 -25 Sunray Oil Corp common- 4'/a * Chollar Gould for Week Par » . ?— Corp— Iron _- Consolidated Edison Co of N Y . r 3% 1 * 20 Columbia Gas System Inc (Un) .* Commercial Solvents Corp (Un) * Commonwealth Edison Co (Un) 25 Commonwealth <fe Sou Corp (Un)—* Cons . 54% 10 . High Low 3 % (Un): Company Fuel Preferred High STOCKS— 52% Clary Multiplier Corp Colorado Range Since Jan. 1 2.50 Corp Service Salei Range of Prices Friday Shares 1 Cessna Aircraft Company— Cities Low Par - » Week's Last Sale Price for Week of Prices . STOCKS— J1 Sales Last Sale Price Friday • FEBRUARY WEEK ENDED RANGE FOR 13 Vfe 100 Volume 169 Number 4777 THE COMMERCIAL & FINANCIAL OTHER STOCK RANGE San Francisco Stock Last Range Par Air Reduction Co Alleghany Corp (Un) (Un) (Un) Tel Viscose. & Tel Co Anaconda Copper Mindanao 20% Feb 20% Feb Gas 2o0 2% Feb 2% & Co (111) 5057 7 Jan 8% Jan & M Top Pe (Un) I 300 7% Feb 8% Jan Nash-Kelvinator 475 13'% Feb 14% Jan National 53% Jan 53% 149% Jan National % 214 59% Feb 61 Va Jan National 357 37 Jan Diesel Corp - Engine - 32% 35% Feb 32% Feb 34% Jan 30% Jan -6 % 650 a6% Feb 2.10 Jan Jan 7 150 a89% a98V8 200 a20'/Ba20% 2 i 5 5% 6%6% 6% • 32 '■ 4,300 22c Jan 35c 20 20 2,650 20c Jan 22c Jan 54 ■■v260 52% Jan 54 Feb Co 10 (Un)_ 20 20 20% 5 14 1 9% Locomotive Baltimore & Bank of California Barnsdall Eendix (Un) Ohio RR Oil Co Aviation Bendix Home _2_13 (Un)„ N Corp all- all 100 _ 300 City Lines 1 Distillers Central Y N RR Jan 6% Jan North Prod (Un)_. (Un - American Feb 7% Jan North American 102 Jan a ___ 4% Jan 102 .1 a__ Jan 6% Feb * 6% 17% 17% 17 34 * i___I Aviation Co (Un) 10% 9% — ' * . 100 •v; Jan North American Jail V5% 7% J,: 1 43% ' 10% 295% 43% •33 9% * 30% 31% 11% 12% 1,460 2.30 33 205 Jan ■' Feb Northern • 32% Steel (Un) Bishop Oil Co. 2 Blair Holdings Corp Boeing Airplane Co (Un) 1 ; (Un) 2.35 9% Ry 355 (Un) 15 3G7/a , Bunker Hill & Sullivan Byron Jackson (Un)___ - 19% . •' * a 24 10% Jan 10% Jan 450 11% Feb 12% Jan 470 11 Jan 9% a-_ 2 81 10 81 Feb 82% Jan 75 55 74 Feb 76 Feb 41% 45% 1,445 41% Feb 60 Jan 15% 41 California Cotton Mills % 15% -- ••--50 15% Feb / 157/a 10% Feb . Co 9% Feb 33% Canadian Pacific Ry Eureka 14% Jan Pacific Clay 2.60 Jan Pacific 22% Mining Feb 40% Feb 6% 1 50'/a Jan 5%% 5% 1st Class Columbia Gas Commercial Jan 25% Jan 5% 7 Jan Jan Pacific Light 7 7% 515 8 6 Jan Jan Pacific Portland 7 Jan Jan Pacific Public 20 Feb 20 Feb 1st 32 Feb 36 % 52% Feb 54 Jan 12% Feb 14% Jan Packard 55 Va Jan 55 Va Jan Pan 25% 27% 820 25% Feb 30% Jan Paraffine Feb 100 95c 1.25 12,635 a31% a32 % 355 a6% a30 % a6% 95c System Commonwealth & Pacific Tel Companies Paramount Park Cons Natural Gas Consolidated 271 30'/a Jan 32% Jan 1,125 52% Feb "57% 44% Jan Pictures Cons ' Continental Motors Continental Oil : 400 40 a 18% a 18% go Pullman Inc a 10% a 10% 25 10% Jan 11% Jan Pure Co al7% al7% 18% 10% 50 17 Jan 17 Jan Radio Creameries Crown of Y r Feb 19 22 % Jan YY a—' Zellerbach 3'/4 1,500 2% Jan 3% Jan 26% 280 25% Jan 26% Jan 39 43 921 39 Feb 44% Jan 23 23 22 Jan 23 Jan 43% Jan 40 15 Corp » . ■ . , ' ' 8% 160 a6% 50 6 8% 5 common 9% 24% 24% 25% 95 % * Oil "Y ■ , Giorgio Fruit Corp ' Class B cl Corp Republic 8% Feb 7% Jan a__ Dow Chemical Eastman El Kodak Dorado Electric Co of Co Oil Co Bond N J 10% Jan , Co Jan Reynolds Tobacco 9% Jan Richfield Oil 27% Jan Riverside 97 Jan 25 7% Jan Jan 7% A 73 Jan Feb S & 29'A Jan 27% 5 830 27% Feb 28% Jan 51% 790 50% Feb 54 Jan 58 Jan 55 323 50 Feb 16% 1,482 15% Feb 16% Jan 24% 269 24'/a Feb 25 Jan 92 146 Jan 95% Feb 89 4 745 3% Feb" 4'A 8% 120 8% Jan 9% 17% 1,434 16% Feb 20 24 V8 Jan 24Va 8% a • ) 680 2 16% 16% 83a -_Y a44V8 83a 23% Jan Jan Jan Feb Jan 2% Jan 16% Jan 17% Jan 8% Jan 9% Jan 8'A Jan 49% Feb 410 2 '444 ' 275 a44 Va a47% 118 52'A 1834 4 366 5 2'A Feb 56% Jan 770 * 52 >A 17% -- 17% 17% Feb 21% Jan • (Un) 11 % 32% Jan 34% Jan 26% 750 25% Feb 31 Jan 11% — 10 25!,a * (Un) _ 1 _ 12 2,062 11% Feb 14% Jan 8 .- 8 >1 263 27 501 32% 33% 22 W-i' '' 33 190 54 27 —— 8 5 3 V4 22 100 1 (Un) y 324 9% 419 Y 5% 510 Y ,1,456 47' 42% 42%; 12 12 ' 33 7 12 %' Feb 15' . v Jan Feb 28 Va Jan Feb 34% Feb 100 22 Feb 25 Jan Jan 658 243a 661 24 Feb 263A 36% 203 35 Va Jan 36% Feb 187 18% Jan 19% Jan _Y (Un)__* 26 21% 21% 26 Va 10 Inc 27% 730 23 320 21'/a Feb 26 Va 50 25% Jan - 12% 18'A P10 12% 18% 19 25 595 6c 5 Mining (Un)— \ 30 Va Jan 25 Va ; 27 Jan Jan Jan 7c 34,000 220 6c Jan 127/a Jan 19 Va Jan Feb 11 16% - 9c Jan Feb ___ ' Union • Oil Y :Y. class 37% A-r —5 - — — ■ • —5 Corp (Un)_, Socony-Vacuum Oil (Un) Soundview Pulp Co— 440 32% 1,020 22 650 3% •. Sinclair Oil 37% 31 21% ; -15 - 3% 19% 19% 20% :i5 15% 15% 23% 23% Feb 39 Vb Jan Feb 38% Jan 20% Jan 24 Jan 130 25 % 3% Feb 1,540 • 16 -.5 37% 31 19% Feb 791 " 3% Feb 23% Jan Jan ! 15% Feb 17 Vb 23% Feb 26% Jan 420' 29% Jan 30% Jan 2,058 , Jan 7% 1® 18 Foods Inc Stores Silver King Coalition Jan 14% ::39 Feb Feb A new v Jan 15 ,27 32% al7% al8% • class Co Sears, Roebuck & Co. ; a—y ; Corp Maurico Shell Feb 1% 36 Jan 8% 57 24 1 Signal Oil & Gas Co Jan % 2,700 15 Co I Jan 14% Y— Feb Jan Jan 36% 10 ; Jan 47 Feb 33 „ 24% 7% 50 . Jan 6 28% Feb a— 50 1,035. Jan 6 Jan Feb .42% .. 1,150 yy 33% Feb 5 47 396 ... 9% 12 % Feb 26% 345 7 12% all % all % 33% j 9% 27% 47 * ,i 5 • • (Un) 1 W Fine Safeway Jan 75 San 9% » 9% 20 A , Feb Feb Jan 9% 7% Jan |.i 26% .5 1 — 28 2 • (Un) Roos Bros 100 ■■ • Plantation .Co 360 33 Va Jan 23 Va —— • * cap— "B" Cement Jan 5,283 9% 26% • __ (Un) Jan, 28%. 1 Co Republic Steel Corp 8% Feb 75 10 Co Jan 32% 30% 16% 25 8% 9% 15 (Un) " Share & Emporium Capwell Eureka Corp Ltd Ewa of Works 35% Feb a32% a32% Petroleum 95 a6% 914 • , Feb 30 Va 89 25 America 24% 135 75 5 (Un)__ common 33% 647 a (Un) 555 , 8% 9% 5 com common Doernbccher Mfg Co Domlnguez CHI Fields Co 2,078 a ___ . A 6,533 33% 3% 50 Orpheum (Un)_ Ry Equipmt & Realty Ltd pfd Rayonier Incorp common—- ' Di Feb Jan 6 33 % 50 — common 3,687 96. a6% 1 2 ■ ■ 8% a6% a6% 1 (Un) . Feb 15% a8% 1 (Un) (U11) Rheem Manufacturing Inc Co Abbey 1 a48% a48% 1 5 Publishing Co (Un) Cypress 12% Feb 5 30% " __1 ; 319 " a41% a41% * Curtiss-Wright 12% Feb 42% A.-* (Un) Corp Jan Jan 5 27% * Puget Sound Pulp & Timber ,;Y_w"' a__ 3% Preferred Curtis 933 Feb Jan Jan 26% (Un) Amer 120 51 m Radio Keith 18 22 % • (Un)__* Aircraft 12% • _ <Uni Mines Petroleum 18 18 a a (Del) Co 4 100 (Un) Phelps Dodge Corp (Un) Jan 45 19% al9'/a 18 a (Uni (Un) 13% 12 Jan 167 * Co of N Y Co Vultee Feb" 202 Jan 33% 15% Preferred Consolidated Edison 33 176 32% 27% .10 (Un; Pennsylvania RR Co Pepsi Cola Co (U11) Utah (Un)_. common Jan a40 2Vie class Jan 24% com Jan 54% * Ind Jan 30 50% com Co Jan 25 Chemical Jan 33c 120 4 28 common. Airways 8% 52% (Un) Southern Tel & Motor American 1.80 a377/8 A—2'% Edison 2.65 Feb Feb 30Va' — 34 % 52% (Un) Commonwealth Cement Jan a38 % 20 cl 33% .25 pfd Service Jan 10 —_ 32% .25 common 8% 32 126 a28% a31% 2.05 5% .25 1st preferred 7 1.05 Jan Jan 7% 7% 171 a6% Feb 14 * 23c 12 -25 Corp 397 32 y 307 " preferred 500 4 -25 common preferred 150 100 7 20 2.50 System Solvents Consolidated 25 % 700 a54 l — 3,400 12% preferred preferred 81 77/a a54 25 . 31c —5 1st 12% • _ 2.05 23c .20 Aggregates Electric & 1st Jan Feb Phillips Iron Broadcast B Gas 22 49% 12% (Un) Preferred (Un) C'nrvsler Corp Cities Service Co (Un) Columbia 40% a53% Co__ com 150 2.05 Products Coast Feb 32 a54 — - 12 (Un) redeemable : 19% 7 a__ Jan Jan a52% (Un) Ry Chi Mil St Paul RR Co Jan • Co Chesapeake & Ohio Colorado Fuel & Sugar 25 (Un) Tractor 10% 1 (Un) 145 20 "W 50 Celanese Corp of" America Central Co 19% 7% 5 Feb Jan Oil 19% a24 Vs a24 % 10% Oliver United Filters class B 120 • — 9% a__ "! . a26% a28% Ohio 49% 7% Trading Corp com (Un)-* California Packing Corp common * Caterpillar % 10% t 1 Jan • Feb / ' • Pacific Preferred Co _v_20 Petroleum 2.30 147 • Feb Feb 10% 50 1 Cement Calif Oil Occidental (Un)— ,Y Jan 49% « Sugar Calaveras Co. Ltd 22% 3,764 a39% a39% >39% 2'% ! Co 1 Calamba Sugar 34% Feb 2.40 5 — Jan 75 _100 ' Pac Borden Co Eorg-Warner Corp (Un) Jan 6% 16% 75 ^_1G (Un) 43% Feb a20% a20% 5 18% « Cons Oil Pacific Oceanic ,7 10% Jan ' Jan 280 v, Oahu __1 Onomea Bethlehem 6% Feb Jan 6% goo " " 1,153 9% ' a„' Feb 200 5 : w' a_u- 51 310 43% Feb 6% -- 81 a 100 f\ Jan Jan 9% 10 100 5%% preferred Jan 15% 11 11% 11% 1 (Un) pfd 21% Feb 17% 431 ' 55 a6 10%' 10% ♦ common Invest 6% Jan Feb 9% 150 a6. " •"• 575 A—33 "Ac Appliances 14 460 6% • _1 Y-- (Un) American 7 1,406 a8% 295% ——5 ; 20 250 - - -y all a 8% _100 A (Un) I 850 14 9% ' Baldwin High 29 ,29 A 25 7 „3 Jan 1.60 Low Jan 28% 563 30 a6% __2,50 12% 400 ___1 Linen Service Corp ' * (Un) Feb 1.70 (Un)__ Natomas Company 59 32% a90% 11% Feb Jan a34% a36% 5 1,000 54 (Un) Corp 143% 29%-' _ 11% 1.60 -P10 Fibres Auto 24 59% a36% 100 ; Range Since Jan. 1 High 11% 11% Mines- Montgomery Ward & Co 8 5 (Un) Imperial Mfg Santa & Corp Cons 1,790 20 (Un) Corp A Shares Low (Un) __.l Mother M & 13% • 50 (Un) for Week of Prices Feb J 147 147% • Bank Sale Price Lode M North Armour Atlas 30 High Co a49%:a503/a ) _14 (Un) National Natural Atchison (Avco Navigation Menasco Mfg Co 8 Va 13% • (Un;„ Mining California Arkansas Atlas Lav 20% Matson 2'A 77/B • .100 (Un): Sales Range Last Nauonal Corp American: Woolen .Co Anglo a -2V4 7% • (Un) Week's Friday Morrison-Knudsen American Power & Light & Stan San (Un) /American Smelting & Refining-(Un) American 11 STOCKS— Range Since Jan. 1 High a20 —__i ,Amer Radiator American a20 ;. American Airlines Inc . Low * (Un) FEBRUARY Par Shares 37 EXCHANGES ENDED for Week of Prices (733) Sales Sale Price v WEEK Exchange Week's Friday STOCKS— FOR ' CHRONICLE ; \ Jan •" Jan , Southern Calif Edison Co com 4.32% (Un) " • 30% 25% I25 preferred 30 Vb 25% V : 153 25 Va Feb 25% Feb 148 28 Jan 29% Jan 150 34'/a Feb 35% ' 4.48% Farnsworth Tele Fibre Products pr Board Food & Radio l. ^ pfd (Un)__100 Machinery & Chemical 1 General 4% State Co 36% Feb 105% Jan Southern California Gas ,,532 24% Jan 28% Jan Southern Pacific 5% Feb 6'/a Jan Sperry Brands 105 60 5% 37% • ; Jan 41 % Jan 41 % Jan Standard Oil Co of Calif 59% 60% 2,385 57% Jan 62% Feb Standard Oil Co of N 13% 15% 906 13% Feb 16% 23% 24% 571 23% Feb 25 Feb 1,270 -a40% a41% 13% • 191 36% v Feb 39% Studebaker common 11'% 1,477 10% Feb 12% Jan 60% 60% 20 59 Jan 61 Graham-Paige North Greyhound Motors Ry (Un) non-cum 42 42% 240 42 Feb 44 Jan Honolulu Hudson Corp : Plantation Motor Car Texas _ Idaho Maryland 450 170 10% •585 10% Feb 13 13% 688 12 % Jan 13% Feb 17% 651 17 Feb 18% 1 3 3 % 700 3 Feb 4 Va Jan United 52 52 Feb 66% Jan United Jan U S ~3 55 1 2.25 . (Un)__l 2,166 2.25 550 10 % 279 9% 9% 196 - 210 56% 2.25 6.66% Corp 2% Feb a__ Exploration International Nickel of 2% (Un) Transamerica 11% Jan Union Kaiser-Frazer Kennecott Kern Corp 210 ; 2.25 Copper Feb (Un) County Land Company... 2.75 Oil Union Sugar Magnavox Marchant Martin For footnotes Co see 42. Jan Jan 17 440 16% Feb 20% Jan 16% A 660 16% Feb 15 22'A 10 10%. 16% Feb _—' a . a__ Feb 54 % Jan 21 Feb 25 % Jan 10 Jan 11% Jan 37% Feb 41% Jan 689 49 1,038 20,475 37% 26 —12% 12 Inc 876 26 27% 1,581 26 Feb ijO Jan 12 ... 38 13% 460 12 Feb 13% Jan a22 % a23Va 10 11 "A 11 71 71 71 • Feb 10% Jan Universal Consolidated Oil————10 Jan 2.20 Jan Utah-Idaho 30 a a—. — 375 11 % —• 9% 8 % 950 7% Feb 10 Jan 330 29% Feb 31% • 10% Jan 13 Va Jan 698 69% Jan 78V4 Jan 595 8% Feb a37% a38Va 70 38% Jan Sugar Co (Un)_: 35 Feb 41 35 ?_ "■ . 37 481 2.25 2.25 505 8'A 8% 1,215 25 5 :■ ' 25 21 2.25 Feb Jan 2.65 Jan 9% Jan ■■■•'VVV;,'Y Jan 9% 6 * a47% 5 6% 2,065 a46% a49% 527 40% 9% Jan Victor Equipment ■ 6 Feb 39% 9 Bros Jan Jan Westates 49% Feb 55% Jan Pictures Preferred (Un) 1,168 40 Feb 46 V4 8 Dept Stores 400 8 Jan 8% Jan Western Pacific rr Co 16% 30 Jan 17'A Jan Western Union 28 Jan 10% Jan 10% 9% 10% 175 9% Feb 273 272% 277 44 272% Feb (Un)—1 87c 85c 89c 2,707 85c Feb 1.15 Jan 1 6 Va 6Va 6% 1,000 Jan 7% Jan 14 15 6'/8 281 Jan Jan Western a 40% Feb Feb 5 ; 40 81/4 25 100 (Un) Bank & U T Petroleum common 8 -- 8% ——1 Wells Fargo 16% a 16% al4% 14% 85 14% Jan 14% Jan 15 Va 15 Va Westinghouse 15 Va 403 15% Feb 18 Jan 23 2 3'/a Willys-Overland 364 23 Feb 23% Jan Woohvorth 9% 9% 140 Feb 11 Jan Yellow Cab 5 Co____ Waialua Agricultural Co———20 al4% 1 page Jan 67% 72 % 10% common—25 Corp common 1 Co 20 % Feb 18 6,853 49% (Un)———i-—5 Corp Lines Air * Calculating Machine (Glenn L) Calif of 1.90 30% 1 (Un) Jan 336 Feb 21 (Un)—■n--" ——-j.-- Aircraft Steel Carbon 112 7% Lockheed Inc Co & 2,610 8% 7 Loew's Jan Jan 29% Libby McNeill & Libby Aircraft Corp Jan 27'A 56% 21'A —-2 — 13 7% 1 Corp 49% Feb 67 49 49'A 10 common Feb 29% * Corp Feb 26 791 , , a29% a29% 25 Oil •10% (Un)_* • (Un) (Un) Corp Carbide Warner Johns-Manville 16% 10 68 16% 16% 18% 60% 67 57 25 Ass'd Feb —33 %c Canada International Tel & Tel 42 110 a— ,.j.- Independent Jan 1,529 , Jan 13 Co Mines L__ 1 Company Water 2% 10% Co_L. 18% • 25 —1 Corp—_— 17 V • Hunt Foods Inc— 43 5634 • : (Un) (Un) Corp Union • —, Oil J (Un)1 -10% •.10% —L_ Pineapple Co Ltd__. Development Co Honolulu (Un)__—, Swift & Co a38% a403'8 a38% Hawaiian Holly 2% (Un)_» 3 Hale Bros Stores Inc 34% a25Va a257/8 , 1 pfd Corp -Y 42 42 Jan » (Un) "10% 100 Rubber Tide Great Inc Super Mold Ltd 28 % a287/a Jan 40% 59% 25 a 34 Va • 1 23% a • preferred Goodyear Tire & ' Standard 10 , — pfd ser A__25 Co Corp 10% ; common Gladding McBean & Co—1 Golden 36% ; —:— -25 preferred. conv Jan 300 25%!.. 5% • (Un) General Motors Corp Paint Corp General 5% 30,115 105 25% • .2% (Un) Corp Food Co 4; 105 10 Foster & Kleiser com— General Electric 1% l7/8 a 9% Elec (F Co Covp Motors W) 400 14 * a23% a23% 40 a— (Un)—,—* al5Va al5Va 40 a common. common Telegraph 50c . 16 a— Jan —_ a— Jan 23% 23% 23% Feb (Un)_—__—1 6% 6% 150 6% Feb ,7% —w—10 47 47 285 44% Jan 47% Jan 25 20 20 20 Jan 20% Jan (Un) (Un) preferred—— 12% ,Y • — 240 Feb 26% Jan 38 (734). THE COMMERCIAL & FINANCIAL CHRONICLE LISTED CANADIAN RANGE FOR Montreal Stock Monday, February 14, 1949 MARKETS FEBRUARY' 11 WEEK ENDED Friday Exchange Week'* Sales Last Range for Week Sale Price Par Abltibl Power ft Paper common— $1.50 preferred * 19% 24 20 2,055 37% 20 24 24% 265 102 102 60 a9 * a9 20 > pfd. 20 % Jan 37% Jan Jan Jan 24% Jan Feb 102"% Jan 8% Jan 9 Jan 21% 102 51% 3,130 47% Feb 56 Jan 58 900 56% Feb 61% Jan 25% 26 135 25% Jan 26% Jan 6% Jan .25 British Amer Bank Note Co.... British American Oil common Corp 00 cl Jan 26% Jan 20% Feb 23 Jan Penmans Ltd common 6% preferred Quebec Power Jan Regent 19% 3,607 18% Feb 19% Jan 24% 25% 100 Feb 25% 101 % Jan Jan 3 , 22 25% Jan 26% Jan 3% 2% •2% 100 2% Feb 15% 15% 4 15 7A 350 15% Jan 5%, IIII—~ * — 5% 325 30, 31% ^-5 24% 100 31% 800 15% 200 7% 180 15% 7% — 7% 5 17 Jan I:^30';->:;i 5% • common. St St Lawrence Flour P^per preferred 33 Jan Jan 15% 7% Fib Sicks Jan Jan Breweries (H) & 1,630 28% Jan 29 % Jan Southern 20 20 22 400 20 Feb 22% Jan a9%. _* 20% * . "5% Jan 9% Jan 14 Jan 14 % Jan Jan 37% Feb 7% 3,783 19 Jan 20% Jan 20% Canada Co of 22 Feb 23% Jan 12% Feb 14% Jan Walker 16 16 16% 290 16 Feb 17 Jan Weston _* 193,4 19% 20% 19% Feb 22 % Jan Wilsils II25 2,645 37 37 38 135 37 Feb 39 Jan Winnipeg 21% 21% 90 21% "Feb 22 Jan 12 12 28 12 Feb 13 Feb 46% 46% 25 46% Jan 47 28 % 25 pfdl.II20 12 ♦ Canadian Foreign Investment Canadian Ind Alcohol class A Class B 40 Feb Railway 41 42% Jan 15% 1,080 14% Feb 16% Jan 50 53 2,434 50 Feb 60 745 , Jan Feb 16 Jan 17'% Jan 25 27, Jan 27 Jan 16% 27 27 8 50 8 Feb a85 a85 20 94 Jan 94 Jan 100% 101 45 Jan 101 Jan — — — 100% 9% Jan 8 % 8% 8% Feb 10 19% 19% 20% 215 19% Feb 22% Jan 13% 13% 13% 821 13% Jan 23% 23% 205 23 82 83'A 55 82 40% 41% 1,774 ■ 1 — 95 Jan 14% Jan Feb 24 Jan Feb 86 Jan 40% Feb 42% , Jan * 23% 23% 24% 1,593 23% Jan 24% Jan 47% 46% 47'A 439 46% Feb 48% Jan 142 142 60 16 100 — 140 144 Jan » 16% 695 17% Jan 16 16 145 16 Feb 17 Jan 100 100 100 115 100 Feb 100 Feb a98% a98% 10 98 Feb 98% ■ 10Q 16 Feb Feb 17 17% 465 17 Feb 20 Jan ♦ 1 17% 18 18 18% 180 17% Jan 18% Jan 6% G% 7% 2,475 Jart 7% Jan % 100 83 * ; 83 11 82% Feb 82 175 81 Jan 83 Jan a86 50 83 Jan 85% Jan 6% 6% 83 81 „ • 6 a86 82 25 • 5% * 7% 375 Jan 7% Jan 6% Feb 83 (Geo) 26% * common a24 17 Jan 26 Jan 15% 250 15% Jan 16% Jan 26.% 26% 935 26% Feb 28% Jan 23% * Ltd 23% 525 23 Jan 23% Feb 19 Feb 34% Jan 24 * Electric 18% 18% 18% 75 18% Jan ♦ common preferred Zellers a24 15% ♦ Worts & 29% 28 31% 1,734 28 'Feb 100 100 50 98 Jan 100 Feb 42 42 485 41 Jan 43 Jan 100 Limited __ * — 27 26% 27% 90 26% Feb Jan Canadienne 10% 10% 11 % 930 10% Feb 11% Jan Commerce 11 11 51 11 Feb 11% Jan 10 20% 20% 20% 180 Jan 20% Jan 10 ! 22% 22% 23 287 22% Feb 24 Jan 28% 28% 165 28% Feb 28% Feb 10 20 28% 28% 33 1,140 28% Feb 36% Jan in .26 26 630 25% Jan 26% Jan 14% 14 % 14% 125 12% Jan 15 Feb in 35% 35 35% 415 35 Feb 3.6 Jan 10 25% 25'A 25% 1,121 25 Jan 25% Jan'' 37 37 275 37 Feb 37 Feb 25 14% 14% 15% 6,619 14% Feb 17% Jan 9% 9% 9% 450 9% Feb 9% Jan _• 13 13 14 1,265 12% Jan 14% Jan Smelting—Ills 105% 104 111% 5,367 Feb 122% Royal in Plow Mining & - Jan Banks— 20 __ Consumers Glass Crown Cork & Seal 40 14% — 51% • common Cardy Ltd class A Cockshutt Jan Feb • Oil Companies Consolidated 63 288 Cotton • * Canadian Locomotive Pacific 19% Jan 145 Jan 16% common Gooderham • _ Canadian Feb Feb series Canadian Feb 16 '16% common 30 575 common Canadian Converters clas A Canadian Cottons common 145 100, Feb common Canada Biscuit 22 13% 20 series 62 1 17 * Power Viau 22 12% A $1.00 25 145 17 11% Corp Wabasso $1.75 62% 145 " United Steel 12% — Canadian Celanese 62% . 50 preferred * Canadian Car & Foundry common Class Jan ♦ preferred Steel 35% 20% 102% 99 5% Standard Chemical 9% Feb 102 90 Co 29% 20 15 Jan common preferred preferred 29% 246 102 Feb common— Sons 29% 1,700 Jan 102 — 11 Voting trust certificates Simon Southam Press 14 Feb 22' Jan Feb Jan 37% 44 Jan 96 1st preferred J. pfd 26% a9% Jan 20% * Sherwin Williams of Can 7% Jan 14 42% 181 100 Jan 24% 37% 525 20% » Jan 2,074 14 44 20% 30 com 25% .50 43% 1 Mills Lawrence 2nd 24% * III" 5% preferred. Canadian Breweries 44 20% 125 ; 24% * Jan • 49 preferred .20 __ 23 * Simpsons 4%% preferred Jan 96 preferred 10 $1.30 21% 11% common. Shawungan Water & Power Series A 4 % preferred. 15% 8 672 100 1st Jan 25- Knitting preferred 2nd Jan Feb 1,600 2% 21% • Saguenay, Power 4%% pfd St Lawrence Corp common Jan 2% 935 100 2% — 21% 96 Rolland Paper common 18% 24% 21% Jan 11% — Feb Jan Jan 23% * Feb 13 Feb 59 100 Transport 1.25 24% 23 Jan • preferred 9.40 Feb Jan Jan 54% 40% 41% Jan 22 21 • Jan 23% 680 • Jan 12 22%' Feb 1,746 100 Corp of Canada Jan 35 Jan 1,105 • Price Bros ft Co Ltd common 1.10 901 11% 23 Power 8.65 12% Jan 57% 17 38% 23% Jan 11 . 1 200 a 41 60 22 * 4,551 23% 38% Jan 56% _____ilOO 122,424 al2% Jan 40 21% Placer Development Powell River Co... 4% 37 % 5 21% 57% * — 4% 1,608 a40 - • Rwys 1.22 al2% all * Ottawa Light. Heat-ft'1 Power com 5% preferred Provincial High 38% all all %, • • Mills, common Electric Low • 9.25 a25% a25 % _+ AlIZ 20c Feb Ottawa Corp 39% 39 2% class 585 Jan Jan 25 Flour ™ Range Since Jan, I High 38 a40 ' —5 Ltd.: 1.17 A. A Building Products —: Bulolo Gold Dredging__ Burrard Dry Dock Co Ltd 21 6 20c Ogilvie pfd Weaving Mines 9.15 39% 2% g class 1,263 20% 23% Products Columbia. Power 30 Car Wire Noianda 18% a Rpfdl: cum 1,400 25% Steel Niagara 1.17 *25 Columbia' Forest 6% a 20c 25 National 38% 25 Shares Prices Low • common 9.15 ; Preferred Brit Colum El Co 4%% 6 a20c 25 'HI"' I Power_II' Rights Bralorne Mines Ltd Brazilian Trac Light & 'Canada Cement 19% Jan 37% 56,% • », Class, B ■; Jan 47%, __ 2! Bathurst Power ft Paper class A Bell Telephone . 17% 56% 6 .11 .II Warrants Qlass High Jan 26 • Bruck Mills Ltd 15 48 . Ltd Asbestos Corp British Range Since Jan. 1 Low 3,429 37% , Aluminum Co of Can 4% British Shares 16 Breweries 7 % preferred National Drug & Chemical . High 15,% 19% !ioo Agnew-Surpass Shoe Algoma Steel 15% —20 Acadia-Atlantic Sugar class A 5% preferred Aluminium Low • "20 $2.50 preferred' ef Prices National for Week 01 Par Friday Sale* Range Sale Price Canadian Funds STOCKS— Week'* Last STOCKS— * IIIII* Cp 104 23 35 23 150 35 35 25 35 Feb 23 — Jan 30 Jlan Jan 35 Jan Davis Leather Co Ltd class A * 22% 22% 50 22% Feb 23 • 16% 16 16% 2,705 16 Feb 18% Jan • 33^ 33% 34% 1,020 31% Jan 35 Jan 25 20% 20 20% 470 20 Jan 20% Montreal Curb Market Jan Distillers Jan Seagrams Dominion Bridge Dominion Coal 6% preferred Dominion Foundries & Steel__ Dominion' Glass common » Dominion Steel ft Coal class B__ Dominion. Stores Ltd I25 Paper Foundation Co of Canada Fraser Co common 26 Jan 27 Jan 38 Jan Feb 17% Jan 23% 23% Feb 24 Jan Atlas Power common 24% 75 21% Jan 25 Jan 24 24 50 21% Jan 25 Jan 21% Jan 21% Jan 10% Feb 12 Jan 25 Jan 25'A Jan 21% 21% 445 10"% 10% 11% 3,206 25 25 200 British 17 Jan 1 131/2 13% 13% v;.' Class 250 13% Feb 14% Jan British 15 15 50 14% Jan 15 Feb 15 1,245 25 25 25 125 25% 25% 26% 2,998 98 98 98 105 17% Goodyear Tire 4% pfd inc II * 2 1927 ... — 27 Jan Feb 28'A Jan Jan 98% 140 17% Feb 50 104% Jan 110% 110% 4 2 2 100 14% 165 52% 52% 40 15% 16 285 • a8% 256 28 I" 47 109% 2 Jan 17% 106 110% Jan 14% 2'A Feb 15 Jan Feb 29 175 a47, a47 15 cl 52 Jan 52% Jan 15% Feb 17 Jan 8% Feb 9% Jan 28 Feb 30% Jan 45% Jan 46 % Jan 50% 2,665 47 Feb 56% Jan 17% 9,352 17 Feb 19% Jan 13% 1,560 13% Jan 14% 25% 25% 25 24% Jan 25% Feb 7% 7% 100 6% Jan 7% Feb * 21 20%. 21 410 20 Jan 21 Feb 83% 83%# 83% 15 83% Jan 85 Jan 20 97 Jan 97 Jan a97 6% preferred 25 International Nickel of Canada International Paper common International Petroleum Co Ltd International Power a97 8 8% Jamaica Lake Pub of 7% Ser (John) the Brown Company -commonPreferred -■-,•/ --r Ltd common 530 8 20 20% 175 20* Jan 22 Jan 33 34 3,547 33 Feb 36 Jan 10 « 50 50 14 14 10% 6,461 . 49% Feb 8% Feb 2,841 10 52 170 50 Feb 14% 425 14 Feb * __ 20 Butterfly Canada — Hosiery Co — __ Sugar pfd Co ^ 5% Inv Canadian ft Pow 3 Trust 5% __— _ 58 Feb 12% Jan 7% Ltd common.— ioo preferred Westinghouse Co Ltd Cassidy's Limited 7% preferred.. .. 5% Chateau-Gai Claude Neon 59% Jan 15% , Jan General Adv Ltd com common.. Jan 6% 50 102 152.„ 152 3% 3% 6,150 98% 101% 5 50c Jan 11 1.15 Jan 5% Feb 6'A Feb 5 6% Feb Jan Jan Jan 12% Feb Consolidated. Feb 23 Jan Consolidated 26% 155 Textile Feb 29 Jan Feb 160 Jan Crain Ltd Cub Aircraft Corp 5% Stand 102 Feb 106 Feb 10 152 Feb 156 Jan 3% Feb 4 Jan 397 98% Feb 103 Jan 12 125 12 Feb 12 Feb 20% 20JA 20% 720 20 Jan 23 Jan 46% 47% 65 46% Feb 50 Jan a90 a90 10 90 Feb 90 Feb .... Sec Mills cl A Co- 9 9 a210 4 16% 16% 664 16% Feb 17% Jan 21 >c 21% 643 50 195 14% Jan 15 Jan 460 14 Jan 14% 9% 9% 655 9% Jan 9% Jan Dominion 7 7 452 6% Jan 7% Jan Dominion Oilcloth ft 18% 19'A Jan Feb Feb, 21 Feb 22 Jan 78 30 77 Feb 81 Jan. 5 3 Jan 101 101 40 101 Feb al.75 al.75 325 1.75 Jan al.50 al.75 ■ al.50 21 2.00 Jan alO% 10% a 10% 38 11 a23 a23 20 22% 70 69 70 210 69 138 a - 140 140 15 3% 3% 3% 2,415 50 50 316 —— 113% 113% 113% 5 113% 101 Feb Feb 2.00 Jan 2.00 Jan Jan 11 Jan Jan 23 Jan Feb "79 Jan Jan 143 3% Jan 50 3% Feb Feb - 3% 51 113% Jan Feb Jan Feb 34 34 300 34 Jan 34 Jan al5 al5 21 15 Jan 15 Jan 9% 9% 50 30c 30c 1,800 78 78 80 155 5 5 5% 2,350 a8% a8 % 10 9 Jan 25c Jan 54 Jan 5 Feb 9% 60c Feb Jan 100 Jan 6 Jan —- 16% ft —— 10% Jan 10% Jan a35c —— a35c 190 35c Jan 35c Jan 29 29% 230 27 Jan 29% Feb 16% 17 8,967 16% Feb 18 Jan 11 11 100 10% Jan 12 % Jan 18 Jan 19 Feb 18 50 7% 7% 50 •65c 70c 7% Feb 7% Feb Feb 9% a210 a3% 18 15 9 Feb Feb 78 — — ft (R L) •9 210 a3% m—m —— ft ft com " a210 preferred 14% & Frere 400 18% Feb 19% 720 19% Feb 22% Jan Dominion 955 13 Feb 15 Jan Limitee 17% 17% 60 • 33 33 34 300 Montreal Locomotive • 20% 20. 20% 1,980 — Dominion Square Corp * ___ 21% a31 a31 10 21% 22% 150 Woollens & 65c i_; , 1,500 55c Jan 80c Jan 8% 8% * 43 43 43 140 43 Feb 48 Jan * 38 38 38 815 38 Jan 39 Jan 20 _♦ a55 % a55% * * 17% Feb 18% Jan 33 Feb 35% Jan 19% Jan 23% Jan Fairchiid Aircraft Ltd 5 28 Jan 40 Jan Feb 23 Jan Fanny Farmer Candy Shops Inc Fleet Manufacturing Ltd 1 21% 20 Esmond * 8% Feb 8% Feb 58 Feb 58 Feb 13 130 12% Feb 13% Jan 19% 20 3,320 19 % Jan 20% Jan 7% 7% Jan 7 7 10 23 Feb 23 Feb 50 16 % Feb 16% Jan 95c 100 95c Feb 1.25 Jan 36% 1.90 300 23 16% 95c 23 23 16% 3 Kootenay Pr 7% preferred-^—100 Mills Ltd preferred..—, 20 140 12% * Worsteds. Paper Co Ltd Eastern Steel Products Ltd East 100 1 B Linoleum Donnacona Molson Breweries Ltd ft Ltd Engineering Works Ltd— 21 _* • Jan 90 - 12 ft Lithograph Mfg Paper Corp Ltd 13% 11 12 ft Div 13 42. 5% • ft ft Consolidated 19% page Jan- ft Wines Ltd Consolidated Bakeries of Canada Ltd 13 see 12% —— Commercial Alcohols Ltd 19% footnotes Jan ft 100 • For 100 preferred J 14 * Montreal Tramways Murphy Paint Co 11% 12 50 —2 Canadian • ; Jan 125 — Canadian Western Lumber Co Massey-Harrls (Robt) 1 ft ft McColl-Frontenac Oil Mitchell 15 98% 100 Vickers Canadian 15 * common 14 Jan ft 14% —— Corp Ltd Feb. 14% 3% ft _ Jan Jan _ ft ____ * A . 12 14 102 _._ft \ com_ Pap. Inv Ltd, com preferred David class 50 —— # Ltd Company * Class B 1,800 12 16% Canadian Silk Products cl A Jan 20 95c 12 14% al4% ft ^_ Canadian. Marconi 11% 260 Feb I50 preferred 20 155 Feb 9% 6 Ltd- Inter 40 26% 5% 200 ■ 100 com Ltd— Ingersol Rand Co Ltd 25 155 181 10% ft Co Ltd 7% Canadian Industries common 12% 26% 5% 9% 12 0 Canadian 20% 155 200 90c —1> Malting Co Ltd Canada Starch 20 26% 5 a :100 - Ltd. Dominion & 12% • Ltd MacMiJlan Export Mailman 52 100 common Secord Lewis Bros 49% 10 % * preferred Laura • 50% 5 / -JL. «i Consolidated Ltd™ Woods 15 20 33% 5 International Utilities Corp Labatt • Jan ... " Catelli Food Products Ltd common__ 8 12% * Jan 25% • Feb 9% 100 Investments 17 common 11% -. Pulp & Paper com Electric 47 100 International Bronze 1,244 • A _— Gen 13% common Jan 12% Ltd ^5 B Columbia Gen 17 __£i Corp 13 5% * Ltd Canadian __loo Acceptance preferred preferred Packers Canadian 13% 4%% Jan — — Canadian- Food Products Ltd • preferred 6% preferred Jan 17 a Jan common_5 4% 10 75 11% * A Vancouver Feb Jan 25 Imperial Tobacco of Canada class of Canadian a8% 225 - Jan 106 1534 • Jan 25% 17% 52% aa% Jan 98 17% * 50 24 15% 10% 17% ♦ Preferred Canada 50 • Feb Ltd Distill - 14% • Gypsum Lime & Alabastine Hamilton Bridge Howard. Smith Paper common $2 preferred Hudson Bay Mining & Smelting— Imperial Oil Ltd 14 106 100 common. ft Columbia 16% Feb 14 Millen ft 200 100 Wares Brand Brewers High 10'A B_ Brandram-Henderson Ltd 16% 14% cl Bathurst' Power, & Paper class B__ Belgium Glove & Hosiery Co com— 16% * Co Ltd Low , ■ _— Products Range Since Jan. 1 High 17% 115 • Ltd Auto Fabrics 16% • General Bakeries Ltd Steels Shares ~5 Anglo-Nfld Development Co Ltd 55 Low 10% 157/s V ■■ Ltd 3,761 20 • Works 16% 24% for Week Par Glove Acme 15% 21% Sales Range of Prices Friday Feb 35% * preferred 5%% preferred 5% 665 225: • 5% Indust 27 37 100 4%% preferred General Steel 27 35% Week's Last Sale Price STOCKS— 23% * Eddy Paper Co class A preferred Electrolux Corp Enamel & Heating Prod Famous Players Canada Corp Gatineau 16% * Dominion Tar ft Chemical common • Voting trust certificates— * Red preferred —23% v; Dominion Textile common • Dryden 27 37 • Canadian Funds 36% 85 36 Jan 36% Feb 1.80 2.00 5,940 Feb 2% Jan 1.80 Jan Volume 169 Number 4777 THE COMMERCIAL CANADIAN RANGE ; Friday Week's Range v Par Ford Motor Co of Canada class Foreign Power Sec 6% ureal 1 i^axes Class A • Hubbard Paper Felt Co A preferred red Co Ltd (Can) .7% 25 3 Feb 3 & Tel preferred Maxwell 15 Feb 16 40 40 75 4 4 125 4 Feb 4 18 75 18 Feb 18 Feb 9 9 75 9 Jan a24 20 25 Jan 25 Jan a51% a51% 7 51% Jan 51 y2 Jan 18 Ltd cl A—.* __ 20 a24 pfd_50 conv 13V2 Mica of Canada Minnesota Montreal & Ontario Island Paper Power Co 19% Standard Jan " 9% Feb 11 Jan 15 17% Feb 17% Jan Jan 30 6% '33 80c 17% 350 12% 400 80c 18 y4 Jan Jan 6% Feb Jan 6 12% 12 % $1.50 & p«r , Paper common • preferred 2o $2.50 preferred Low class A • Preferred Range Since Jan. 1 High Low 15 15% 19% 20% 1,813 2,000 38% 15% 20 38% 23% High 24 100 15 Jan 17 Jan 19% Jan 20'A Jan 25 37% Jan 38 % 24% 975 21% Jan 25 Jan 102 20 Acadia-Atlantic Shares 102 75 101% Feb 103 Jan * Feb Acme Gas & Oil • 6c 6V4c 6,500 6c Jan 7c Akaitcho 1 75c 76c 3,100 61c Jan 80c Jan Yellowknife Algoma Steel Aluminium —* Co of Canada pfd 48 48 52% 700 48 Feb 56 Jan -• — Ltd Aluminum Jan 56% 56 58'A 1,027 56 Feb 61V2 Jan 25 25% 25% 26 330 25 y2 Jan Amalgamated Larder,Mines 26 y4 Jan 1 17c 16c 18c 11,800 12%c Jan 18c Jan American 1 13c 9,500 12% 6 Feb 20c Jan Feb 68c Jan Jan Feb 1.10 19% Feb 22 y4 Jan 20c Jan 20c Jan 12 30 Jan 30 Jan 71% Jan 73% Yellowknife 12c 13%c Jan 20% 1,310 a20c 24 a30 a30 • Jan a71 10 9 225 9 Feb 9% Jan 9 red 20% 20% 20% 100 20 Jan 20% Jan lO'A 10% 200 Feb 10% Feb 5 . Union United of Westeel Products Wilson Ltd (J Ltd Lead Mines Beaulieu Gold Candego Anacon Anglo Lead • Canadian Oil Anglo 46c 53c 34,200 4.70 4.50 4.90 45,805 4.40 Jan 5.30 Jan 9.25 ' 9.25 160 8.90 Jan 10% Jan Feb * Mines Rouyn 46c • Anglo-Huronian 46c Mines Mines Mines Gold Mines Jan 112 V* Jan 45c Jan 41c 18% Jan Jan 9 16% Jan Feb Feb 9% 125 9 a37 20 37 Jan 37 Jan 21 50 21 Feb' 21 9% \ Feb 22 150 22 Jan 17 25 17 Jan 17 Jan 20 182 15 Jan 21 Feb a37 Jan 37% Jan , 10 1 12 36 y2 50 12 16 < "16 1 24 Jan Feb 12% Jan Jan • 16 Jan Gold Gold Mines Mines 50c Hollinger Lake •Labrador Mining Jan 3%c Feb' 9%c Jan 25c Feb 3c Feb 3c Feb 16c 16c 23c 57,399 5c Feb 7%c Jan 8c 8c 3,000 7c Jan 13c Jan 7c 7c 3,500 7c Feb 10c 14c 13%c 14c 8,300 5c 8,000 4c Jan 5c Jan 17c 18c 1,500 13c Jan 18c Jan 8c 9c 4,000 8c Feb 9c Feb 51c 50c 51c 1,000 50c Feb 59c 9 17%' 9 —• 63c: Ltd 1, Cons 100 4.15 Feb 4.35 Jan 9c 11,700 9e Feb 5 Vac 6c 500 5V2c Jan 6c Jan 45,000 5c Jan 9%c Feb 9c 10,000 8c Feb 11% Feb 12c Feb 12% Jan 10 %c Jan Feb 52c Jan 2c Jan 3c Feb 1,500 3c Jan 4c Jan 1,000 42c Feb 53c Jan 3,000 3c — 4c 4c 43c 3c 4c 43c, Feb 13% 400 14% Feb 15% Jan a5.50 100 6.00 Jan 6.25 Jan 52%c52%c 52%c 15 a5.50 500 13 13% 583 4%c 4%c 500 52 %c Feb 55c Jan Jan 11% 4%c 13% Feb 6%c Jan Feb 37c ' 40c 29,500 36c Jan 47c 51c 55c 15,700 47c Feb 55 55 200 2.30 78c 1.90 2.30 76c __ 80c 14c 1.90 400 ;• 12,000 1,000 1.90 800 51 Jan 2.30 Jan 76c Feb 12 %c 1.90 Feb Feb 18%c 3.10 19c 1,500 18 %c 3.10 __ * : 9%c 14% __ 1 ! Jan 9%c 41c 1 — Ltd Ltd 3.25 9,350 3.05 Jan 2,000 10%c Jan 400 1.70 Jan 10%cl0%c 1.76 1.70 ^1 1.76 15%cl5%c 1 7%c Jan 9c Jan '7,500 14c Feb 23c Jan Area Mines Argus Corp 76c Hardware 76c * Feb 2,OOo 15c Jan 2,000 76c * Feb 45c Jan 70c Jan 55 Jan 2.30 class Mines Vinray "Malartic Mines Ltd Waite Amulet Mines Ltd - Jan 70 Jan 8c Jan 12c Feb 11c 12%c 20,600 12c 10 11% (1937) 1,000 4%c 9,650 58y2c 6 Vac al5% al5% 6,700 50 11c 16,000 2.152.20 1 1 6c 58%c66%c 9c 84c Jan 14c Feb 2.32 Jan 22c 3.70 13c 1.95 16c Jan Jan Jan 16c 'Jan Feb 94c Jan 11% 11% 12% 2,305 11% Feb 12% Jan Atlas Yellowknife 1 ll%c 12%c 1,500 11c Jan 14c Feb 10c Aubelle Mines 1 Ault & Wiborg Aumaque Gold Aunor preferred 1 Gold *" Mines 1 Bank of Toronto Base Metals Scotia Mining 4,800 6c Jan Feb Jan Sons class B Bldgood Kirkland 17c Jan 25% Jan 26% Jan 230 35 Feb 36 Jan 37 37 37 110 35% Jan 37 Jan 50C 50c 57c 64,200 50c Feb 65c Jan 8%c 9c 7,000 8c Jan 11c Jan 39% 39'/a 39% 8,858 38% Jan 4iy8 Jan 116 123 148,756 1.10 Jan 1.25 Feb 5.90 6.25 1,400 5.00 Jan 6.25 5 y4 5% 150 5 Jan 28c 30c 10,300 23c Jan 1 13c 12c 12c Feb 9 13C 21,500 9 50 Feb 9 Feb 12 55 11% Feb 12 Jan 50 50 15 50 Jan 51% Feb 16c Jan Mines 1 Bonetal Gold 12 %c 13 %C 13c __ 13c 2,300 1,000 3!/2C 4c 5,000 17c 17c 500 1 1 Bordulac di 1 3%c — Bowes Co class A * 9 Boycon • 3%c Pershing Boy mar 1 28c " 13c Feb 15c 3%c Jan 4c Jan 12c Jan 18c Feb 9 Feb 9 Feb 50 >•:( 9;: 4c 23,500 57/8c Jan 26c Feb 36c Jan 9.50 Feb Jan 1.25 Jan Feb 9.20 9.10 9.25 3,550 95c 90c 1.00 10,900 Brantford Cordage common— * Brazilian Traction Light & Pwr com—* 8% 8% 130 8% Feb 8% 18% 18% 19% 2,430 18% Feb 19 V2 Jan 15 15 15 15 Feb 15 Feb Jan Brewers & British Distillers American 5 Oil • 4% % Elec preferred British Columbia pfd Forest Packers British 25 Ye 88 89 50 100% 101 55 class A 2% 2% 2,750 2% Bruck Power class A 23% Feb 24% 875 24% Feb 25% 88 Feb 90 y4 Jan Jan 101% Jan ... 9 12 12 6% Oil Mills • 25% 25% 25% 2% 2% 2% 31c 34%c 38,250 Buffadison Gold Red & Lake Co 9,700 %c 21c 2.45 2.56 2,100 15c 20c 23,800 1 7c * 30 B_ 9 A 1 common 17% 8c 25% 26% Jan 3y8 Jan Feb 28c Jan 37c Feb 15% Feb 17 Jan 16c Jan 1.92 Jan 14%c Feb 24c 3.05 20c 7%c. 1,005 Feb 33 Jan 13% 45 •12% Jan 14 y4 Jan 17% 17% 145 17% Feb 7% 75 8c 8c 6,500 15 7 5,700 7c 30 Feb 9%:c Jan 17% Jan 8V4 Jan 6C Jan 9c Jan 110 14% Jan 17 Jan 55 16% Jan 17V2 Jan 16% 5.00 5.00 5.65 9,200 5.00 Feb 6.60 Jan 7%c 10,000 6%c Jan 8V2C Jan 40c Feb 54c Jan 9c Feb 14c Jan Callinan Flin Flon. 6'/2 c 6V2C Jan Calmont Oils 40c 40c Feb 2,100 Campbell Red Lake. 3.20 2.85 3.20 8,900 2.70 Jan 9 \2% 2% 2% 44 2% Feb 3 50 42c Jan Jan 5c Jan 47c 47c 1.64 1.60 1.65 3,400 28c 51c 63,000 47c 1.49 28c Jan Jan Jan Feb 8.05 53c 1.90 73c Jan Jan Jan Canada B Bread common ; preferred Canada 1.11 1.18 24,900 5.90 100 5.90 Feb 6.10 Jan 3%c 4c 20,500 3V2c Jan 4%c Jan 12c 13 %c 5,900 10% Jan 14% Jan Jan 10c Jan Canada Northern Jan 36c Jan Canada Packers class A— 8c 3,000 7c 24c 27c 14,600 17c 2.21 2.21 200 2.21 Feb 1.28 Jan 2.21 Feb Jan 5.30 Jan Jan 36 %c Feb Feb Feb Canada Foundries class A Canada Iron Canada Malting Sh W-arr Foundry —— common Power Class B 50 y8 50% 50% 50 50 % Feb 53 * common 5.90 Feb 3.20 25 25% 395 24% Jan 26 V2 Jan 20 Cement Preferred 1.11 1.10 Jan 7 Jan Feb Jan Jan Jan 31% 15 9 • Jan 2% . Jan 7c 16% 9 i. Jan Jan 6% 30 13% ♦ Bousquet 3 13 Jan 7% * class class 210 17c 20c Buffalo 18 16 Jan Feb Jan 5% 130 2.45 _ Canadian Building Products Burlington Steel 12 100 32c • 15% Ankerite 2% 150 class Buffalo 100 y2 75 5% * B Dominion Buffalo 1,075 . " Columbia Class 23% 24% 88 Products Class B British 23% 24% 100 — Columbia British 4% 23 % 25 Columbia 8.65 45c 55 ino common Preferred British 2nd preferred Calgary & Edmonton 5c Jan * 16% 7.80 Jan 3%c Jan 798 29C Jan —* class A Caldwell Linen 33c 7c 12V2c Jan 16c ~' Mines Brand & Millen Jan 2.57 Feb 9 Jan Jan Feb Feb 12 Bonville Gold Feb 200 25c 5% 33c 15 y8 2.10 Jan * Preferred Jan 500 9 27c * 5.90 1 26 30c Gold 8c 11,350 __ Feb 35% * common 9c 5c __ Feb 5 35 common Corp 67c 36c 13C 10 Jan 50 Ribbon Burrard 8.05 784 Feb 1 Gold Bralorne 9% 4% Jan 25% 1 1 1 26,700 1,173 25c 100 885 3.65 25% 25 Quebec Biltmorp Hats Bobjo 22c 26 %c Feb Jan 118 Telephone Rights Blue 5 5 1 Bell & 10 5 Feb 38c 3.30 35% * Yellowknife nevcourt 9% 104% 1,300 .10 Nova Bertram 3.55 Jan 10 Montreal— of Relleterre 3.40 HV2C Jan Jan 16c 119,400 .10 of Bank Beaulieu 37c Jan 103% 103 31c * — 12,100 104% 104 V* 35c 1 Class B 10c 10 %c 10c 100 Auto Fabric class A_ Burns 5c __ Jan Jan Jan 33c __ 9vac 68c Jan 8.05 __ 33c Jan 12c Calder 9c 7c 7%c 13,500 Jan 50c Jan 4,000 7%c Jan „ Jan 13 y4 22,000 Jan 9 14 %c Feb 220 15c 1.03 6c Jan 12 72c 7%c 6c 8c 11% 11% 12c 11 %c 6c Jan 68c Jan 1' 6V2 68c Feb 6c Feb 12 %C 4%c 1 , 67% • 9%c __9 Westville Mines Ltd Wil.stey Coghlan Mines Ltd Wright Hargreaves Mines Ltd A— Oil 1 : 5% 5 7,500 • 7,000 1 •. 1,115 70 9c 11 %c Feb 34c Corp 6V4 70 9c 1 Atlas 1,000 Ltd Ltd 5% 70 Steels Atlantic 5c 9 Ltd 6% 1 1 9%c , Jan • Athona 5c 1 Ltd 17c Ashley Gold & Oil 9%c 1 (1944) 14c 1 Ashdown 5c * , Ltd 16c 100 1 Armistice 9%c _1 Ltd 1 common Preferred 1 Ltd 1 Arjon Gold 1 Mines Ltd Mines Mines Asbestos 4.15 42c 1 Ltd Mines United ll%c Jan 14c 1 Soma-Duvernay Gold Mines Trebor Jan 41c __ 1 Co Ltd— Mines 10 %c 755 5 Sigma Mines (Quebec) Ltd— Stadacona 500 2,050 2,000 Ltd—1 Quebec Labrador Development— Quebec Manganese Mines.—, Quemont Mining Corp Ltd—— Santiago Mines Ltd Sherritt-Gordon Mines Ltd Gold Jan 10c ^1 Jan 78c 11% 1 3.45 Feb 9%c 1 Gold Mining 11c Feb 63c 11% 1 Mines Mines 5,600 11% 1 Corp 2,900 t. 65c 8c Ltd-. Mines 2.9g 2.80 8c 8%c 1 Gold 2.80 9%c 1 Ltd —— Cadallic Jan Jan 6c — , 1 Lake Feb 16 %c 1 O'Brien Gold Mines Ltd Orenada Gold Mines Pen-Rey 25c Feb 5 Ltd Mines Feb Jan 11c 8c L_ 1 Co 17% 21 %c 4.15 't 1 Ltd— Explor 15% 1,000 3,200 63c '' „ 1 Ltd.: 1,730 23c ••• 11c * Norpick Gold Mines Ltd Gold >' 1 — 17% * 11c 12%c 23c 2.80 1 Mines 17% __ ll%c „ Calumet Mines Ltd Pandora 35c Feb 7c Jan Ltd Gold Jan- 4V8C 1 Ltd Mining 16c 9c 1 Dredging Ltd Marlon Jan 17c 1 Mines 13 %c 4%c Ltd Mines Jan 5%c 500 Jan __ 1 Cons Normetal ' __ ' Alger 24c 17,600 8c Jan 100 Ltd Macdonald 3c 500 107,200 Mines Negus Mines Jan 3c 1 Mines Mclntyre-Porcupine Jan 39c 3y4c Goldfields Louvicourt lie Feb 3c ——— Gold Feb 13c 3V4c Lake Linginan Gold Mining——,9 Lake Shore Mines Ltd 1 Lingside Feb 8%c 13%c 24%c ! & '65c 50c 3,000 7^500 - 1 Ltd Gold Feb 3c Mines Ltd.: Mines 36%c 1 Mines Mines Addison Jaiv 1 Gold Mines Ltd— International Uranium Mining Co Kerr 20c —_1 Ltd Ltd Joliet-Quebec Feb 3!/4c Hudson-Rand Consol Gold Jan 3c 14%c Ltd Gold 10,400 65c Feb 3c 1 Mines Ltd Cons 25,400 7c 8c Bank 47cFeb -1 1 Goldbeam Mines Ltd.— Goldora Mines LtdMines 56c 8%c Formaque Gold Mines Ltd. Goldvue 50c 1,000'- 6%c Ltd Falconbridge Nickel 36%o36%c 5c Ltd Mines 1,100 • Red Lake Mines Ltd Dome Mines Ltd —, Dulama Gold Mines Ltd Mines 10,000 3c 8V2c Ltd Mines 53c 1 Dicxenson Sullivan 30c 5%c Feb Jan 1 Cadillac Nickel Gold 26c 5%c 1 Feb 8 _1 Mining Co Ltd Ventures 10 y2 Jan 16 3c 36%c —■0 Ltd— Ltd _l Explorations Sullivan Jan Feb 100 47c __ 1 Ltd—-— Denison Siscoe 18 400 al5% al5% 47c 0 Diamond M Corp Cournor Osisko Jan Jan a37 al5%. Ltd—1 Nechi 15% 10 lliy8 9 12 —1 Jack Feb 16% ' 29C • Porcupine Jan Jan 110 19 4 — I Mines Ltd & Central Sol 12% 6 k20% Jan 1 Aquarius Bagamac - Consol Eldona Jan Jan 17 « Centremaque Gold Mines Ltd Cheskirk Mines Ltd—— East 15,102 5 19% 109 22 19 - * Mines Gold Gold Duvay 44c 21 1—0 Ltd— Bouzan Gold Cortez 3 9'/2 ,9 , 75 a37 __ 25 ____„-4, 250 9 -16% • 9 18 10l/2 all2 42c /■ 16% 100 _i. Yellowknife Lake Brazil 18 lo all2 42c t" — Bonville • „"9 Aumaque Gold Mines Ltd Base Metals Mining Corp Ltd— Bob's 225 9% Stocks— Anacon Arno 14 -——* Windsor Hotel Ltd Mining 12% — 9 1 Ltd— C) 50 __ * Canada Securities Ltd 75 110 12% 9 United Corporations B United Distillers of Canada Ltd •United Fuel inv B preferred,—' United 20 109% . 100 Amusement Corp Ltd class A ' 225 19% 110 * ~— Paving &; Materials Ltd Gas 5% 19% pfd„100 Thrift Stores Ltd , 31 % 9 * Sangamo, Co Ltd ' Pitt 17% Feb 135 ' a71 9 Russell-Industries Ltd New 10 17% 29% 9 Ltd Southern-Canada Pr 6% pfdSouthmont Invest Co Ltd New Power Sales for Week of Prices Jan Jan •J':: Abitibi . Apex Consol Resources 'Quebec Pulp & Paper 7% New 16% 39 V* 19% - Paul Service Stores Ltd 9 Power Corp of Can 6% cum 1st pfd_100 J-M Jan Feb a20c 9 Orange Crush Ltd V El 15% 37 * Scotia Light & Power Co Nuclear. Enterprises Ltd 1 Jan 25 6V2 9 Nova •' 14% 230 12% 9 - Feb Jan 675 80c 5 - Refrig & Storage Ltd Moore Corporation Ltd Mount Royal Rice Mills Ltd 9% 15% 17y2 — 12% 10 Montreal Sale Price Week's Range , Last STOCKS— Exchange Canadian Funds Friday Jan 29% 9% _10 13% 40 37 y2 17% I7M2 —■——10 Ltd 50 Feb 37 ^ ;_'9 pfd 38% * 15V2 isy2 * 10 6% 13% 29% * M) com Ltd , Feb 18 „ 9 „ Distilleries Toronto Slock Jan — Melchers II Feb 1,270 —. 29% 29% 29% 55 29 Jan 29% Feb 27% 27% 30 27 Jan 28 Jan 9 Jan 10 19 19 21 140 19 Feb 22 Feb • 47 y8 47 47% 185 47 Feb 50 Jan * 9% 9% 9% Feb 9% 9 33 32% 33 110 32 Jan 33V2 Jan 16 16 510 16 Feb 16 Jan 76 188 Feb 192 9 145 9% Jan OH Stocks— Anglo-Canadian British Dom Calgary Consol & Oil Co Oil & Homestead Decalta Oils Lid • Dev Corp Corp Ltd Edmonton Oil Co Ltd Ltd * • 1 Gaspe Oil Ventures Ltd 1 Home Oil * New Co Pacalta Ltd Oils Co Pan Oils 31c ' New South Co 11c 7,050 91c . 1.00 ll%cl2%c. l'lcll%c 19,500 page 42. Jan 24c Feb 31 %c Feb 1.35 Jan 13% Jan 1,500 11c Feb 14c Jan 2.35 2.50 1,400 16c 19c 10,000 27 28 1.20 5%c Feb Feb 1.62 Jan 6c Jan Feb 3.00 Jan 13c Jan 19c 970 23 y2 Jan 28% Jan 6.35 Feb Canada Permanent Mortgage Canada S S Canada Wire Lines preferred ■*. & Cable class B Canadian Bank Canadian Breweries Canadian Canners 1st preferred Conv of — 6.50 6.35 6.50 3,565 19c 19c 1,500 2.35 common : preferred 19c Feb 6.50 22c Feb Jan Canadian Class 188 188 191 . Jan 37 50 — 37 34 35% Jan 37 Feb 26% 26% 50 24% Jan 26% Feb -10 23 22% 23 880 22% Feb 24 Jan 20 y4 20 20% 1,983 19 y8 Jan 20% Jan • 16% 17 17% 24% 561 16% Feb 18 Jan 24 % 20 9 90 24 V* Jan 25 Feb 17 17% 350 17 Feb 18 Jan 16% common Celanese Preferred Canadian Dredge common... * 13% 13% 245 13% Feb 14 V2 Jan 20 Car A Canadian 100 —9 * Commerce Feb 19c see 12c Feb 100 * Jan- Jan Feb 1,500 * 6.60 10c 11% 1.20 • Feb 89 %c 5'/2c 1 5.25 7,411 1.20 1 4.45 29c 6,400 5y2c Ltd Brazeau footnotes, 70o * common For 6,000 24c3iy4c*\ 95c ll%c __ Oil 6,600 34c 5.50 IOV2C 10%c 4.85 33c 5.25 —90c Petroleum Western Royalite 4.50 „ Ltd Okalta, Oils Ltd Omnitrans Exploration Ltd •Pacific 4.75 _9 9 , MARKETS FEBRUARY Jan 3 & Teieg cum 26 15V2 Paper Co Maple Leaf Milling Co Ltd——_ Maritime Feb 3 — (Walter 23 15 * Power 1,710 3 Journal Publishing Co of Ottawa Ltd-.1" Loblaw Groceterias Co Ltd cl A—. 9 MacLaren 23% 15 common preferred Investment Foundation 6% (735) High • * 5% Lowney Low 100 —_ International Paints ENDED Range Since Jan. 1 High 23 pfd — Ltd 23 - Shares Com Co'Lln preferred Low * A LISTED WEEK CHRONICLE for Week of Prices FINANCIAL Sales Last Sale Price i STOCKS— FOR & 16 y8 16% 335 16% Feb 17 Jan 19% 20% 260 19% Feb 22 V4 9 19% 25 37 y8 37 y8 37% 120 36% Jan 39 Jan * 25 25% 27 320 25% Feb 28% Jan Jan 39 Monday, February 14, 1949 RANGE ■> ,"f Friday Week's Range Class Food Products A Preferred ,, ■: * Gen Canadian Ice Canadian Indus Electric voting CauttU.au Locomotive Malartic 5% Oil Cos Utilities Wirebound class Corp 225 Feb Goidvue Mines 5A 100 5A Feb 5 A 440 1C% Feb 11% Jan 10 A 25 10 A Feb 11% Gold Jan 32 A 355 4,005 14 A 660 Centremaque Gold Chaceau-Gai 8,244 Feb 14% 17'A Feb 90 A 100'A Jan 24 Jan 9'A 1C0 9 'A Feb 9% 1,600 1.35 Feb 1.50 1.57 1:60 2,220 1.55 Jan 1.73 1.35 22,400 1.15 Feb 1.65 1.40 9,895 1.24 Jan 1.45 21c 18'Ac 21c 40,200 MV2C 8c 8c 3,000 9'A 9A 7'Ac 2.70 2.80 2.78 16c 16'/a c Jan Jan,.\, 10 Jan 10c ,2.43 Jan 16 4,600 Homestead 3%c 22c 4,780 6c 6c . Consolidated Consumers Conwest 28c 32'Ac 28c 8 8 A Crn'g Bit Croinor Cub 8% 16 Jan 14% Decalta 17c Jan 23c 5'Ac Jan 7c Red Dexter 23c 8 34c Jan Feb ... 10'A Jan 64c Distillers A Dome 10 A c 10 Ac 11'Ac 14'Ac 17%c 10c;: 12,500 15c 45,565 104 1.20. 1.28 150 Jan 12c Jan Feb 17%c Feb Feb 123 29 to CO sW 205 Jan . Feb Jan 6 Jan 30c Jan 46c 45c 5,150 45c Jan 52c Jan 47 48 255 10c 10c 10c 2,500 65c 65c 46c " 5% 47 55c 3,120 70c 9c ; r' • 52 Jan 13c Feb Jan Jan 80c Jan Jan 10c 10c 11c 8.000 IOC Jan 15c 31c 31c 34c 8,700 31c Feb 43c 22% ' 8% 160 22 A Feb 23 Jan 10 8% Jan 22 A 22'A 8% 8% 30c 23c 32c 89,650 1.37 1.30 1.40 18,900 8 Ac 5,500 ..23c 9'A Feb 32c Jan 8c Feb 31c 31c AV 8c 1.48 Jan Feb 40,900 10c 28c ; Jan lbc 17'/aC 10,960 Go.d Rock Mines Jan 31c 10Ac 1 17'Ac lp% 10% j 1 8 Vac 8'Ac 8c Jan i 1 57c 65c 17,400 57c Feb 83c Jan 1 8c 8c 2,000 4c Jan 8c Feb 7'Ac 7'Ac 1,000 6c Jan 9c Jan 47c 50c 2,600 40c Jan 59c j an 11c 11'Ac 9,863 10c Jan 13'Ac 18 Feb 19 13c — Gold Gold 1 Gold Red Lake Gold - 15c Jan 16c Feb 10% 925 10,700 10c 9'/4C Feb — Mines. 11c Mining 8'Ac % 31,500 9c 18% 0 Jan 1 28 Ac 28c 31c 20.800 26 Ac Jan 32c Jan 16 Feb *18 A Feb 35c Jan 16 16 16 A 2,305 • 20c 18c 22c 25,500 » 17'A 16% 17% 10 25 24'A 2,980 1,065 25% 15'A Jan 13 24 A Feb 26 Jan 25 20 20 20 110 19% Jan 20 Feb common 8 8'A 8'A 9 110 8'A Jan 9 Feb 1 27 26,'A 27 666 25% Jan 12'A 12 A. * .... 13 A 11 960 27'A 14'A Jan Jan 16 16 Va 1,175 16 Feb 17% Jan 23 23% 565 23 Feb 24 Jan * 24 Va 24 Va 100 Jan 25 Jan „__23.50 21'A 22 290 Feb 22 Feb 25 B ___ com ^referred 16% "■20 21'A East East Amplii Crest East 11'A ll'A 11'A Feb :i 57c 51c 58c 15,400 51c Feb 64c 18'A 23c 22c 24Vac 25,200 2IV2C Jan 25c Feb 1 11 Vac 11c 12 %c 54,000 11c Feb 17c Jan l ; 12 Jan 165 10'Ac Jan 9'A 9% 50 9 A Feb 9% 5 Va 200 5 A Feb 5 A Feb 5 11'A 11'A 11% 3,605 11'A Feb 12 A Jan 1 Holhnger Consol Yellowknife Gold Hosco i Mines 7c 6c Jan 8c Jan 19%c Jan 32c Feb 7c 8c 7,000 27c 1 Howey Gold Hudson Hugh i. : , Bay 1 32c 54,800 35c 20,500 & 33c 35c » Mining & Smelting Malartic 47 Va 47'A 20% preferred 50% 5,476 4'Ac 4'Ac 22 31c 4,800 r 22 1 Erie 9c - 10.000 9V2C Jan 14,200 9'/2C 9c ll%c Jan Jan 30c 31c 6,500 Fast Malartic Mines... l 2.23 2.20 2.29 13,615 2.12 Jan 2.35 Jan Sullivan Mines 1 2.80 2.80 3.00 12,202 2.80 Feb 3.45 Feb _» Steel • A_1_L Eddy Paper class Elder 755 7'A _ ~ •'$ 7 Jan 38c 7% Jan Jan Jan 20 16 A- 16% 365 16'A Jan 17 Jan l 36c 35c 38c 8,325 34c Jan 41c Jan ___i Mines Eldona ,7 7'/8 30c 10%c Feb East Eastern _100 Jan 47 A • 63c 63c 67c 42,175 63c Jan 77c Jan : ... Gold 292 Sol Gold.... Brass Eureka 1 Corp class A 16 Va 11C 11 Vac 11c 8 19% 6.000 20 55c 57p 4.25 Jan 22 Feb 28 Jan 29 Jan Jan 700 » 16% 16% 17% 16,391 16% Feb 19% 13% 13% 640 13'A Jan 14% Preferred 7'/a 100 6V2 Jan 7'/a Feb 25'A 25'A 110 24% Jan 25% Jan 8 17 Va 17 Va 150 7Va 17% Jan 1 5'Ac" 6'Ac 9,050 7%c Feb 6 common Lake & 8'A 8% 520 45c 49%c 4,700 ^ Gold (John) Inglis Co Mining 45c 1 Metals International class A * Preferred Feb 5'Ac Jan 24 Va .100 8'A 100% 101'A 14 14% 54c Jan: Feb 25'A Jan 101'A 100 Jan 33 Feb 36 Jan 10 Feb 13 Jan 40c Jan International iNicxei • 33 33 33% International Petroleum 8 10'A 10 10'A 5,230 International Uranium 1 45c 40c 47c 51,200 Feb 52c 14c 15c 2,600 12'Ac Jan 19c 2,000 2'Ac Jan 3c Jan 1,667 4'Ac 6c Jan Feb Waite Co common 1 Mining 1 , J M 3c 5c 1 2 Ac 2 Ac 1,500 2'Ac Jan 3c 19c 20c 1,500 16c Jan 23c Jan 42c Gold Quebec Kayrand 41c 44c 16,055 41c Feb 54c Jan 10'Ac 10c 12c 10,000 7'Ac Jan 14c Jan Jan . __ Mines. 1 Mining 0 Kenville 36 A 36 36% . Jan 14'Ac 17c 23,300 13c Jan 23c — 11'Ac 13c 2,500 8'Ac Jan 13C Jan 14% 15 Va 4,433 14'A Jan 15% Jan 7%c 1 15c 14% Gold 7%c 8c Jan ; • Kerr-Addison Golden Gate. 54,650 7'Ac Feb 10c 58c 51c 59c 18,700 41c 59c 1.48 1.44 1.52 12,525 15c 15c 15c 500 Kirkland-Hudson Kirkland La ice Kirkland Townsite ~ Ltd 4V-r- Jan 1.32 Jan * ___: Lake Dufault Lake Fortune .1 Y Mines Feb 23'A 5.10 Feb 6.50 Jan 3,000 3'Ac Jan 5c Jan 1 AO 1.32 21,375 1.07 4c 4c 500 52c 52c 52c 500 .. 21'A r 8 Jan Jan Jan Jan 8c Jan Jan 13% Feb 48c Feb Lake Rowan 1 8c 8c 8c 2,500 6c Lake Shore Mines 1 13'A 12% 13 A 5,630 10'A Lake Wasa Mining 41c 45c 8,550 34c Jan 6.00 6.05 254 50c Jan : — ... Lapaska Mines "U" 18 18 600 8 'A c 6,000 4c 4,500 ... 8'Ac 8'Ac 1 18 ■ 4'Ac 8c Jan Feb Feb Feb 12c Jan Jan 60c 4.50 Jan Class Feb 16 Jan London Jan 37 Jan Louvicourt Jan Lunward Jan Lynx Jan Macassa 4.15 V Jan 4'Ac Jan 14 A Jan 15 A Jan O 19'A 19'A 615 19'A Feb 19'A Feb 4 Ac 5c 14,000 3'Ac Jan 5Ac Feb .... * Feb 80c 75c 80c 5,700 75c 1.16 1.13 1.20 6,050 -1.12 Jan 1.20 6c mil Ltd Mines 6c 3,000 6c Feb 10c 10% 1 Jan 86c Jan Jan 8 Ac 10c 3,000 7c Jan c Feb 90c 90c 95c 5,370 78c Jan 1.08 Jan • 29 29 29 A 286 29 Feb 31'A Jan • 28 28 28 235 27% Feb 29 Jan 7 7 7 50 6'A Feb 7 * Lac Long Groceterias class B Mills Hosiery 100 ■J 6A Feb 35 6 Va' 112 Va Jan 7'/a a common... Feb 1 40 Ac 36 Ac 42c 23,600 35'Ac Jan 45c Jan —1 Goldfields 12c 12c 13c 1,000 10'Ac Jan 15c Jan 2,000 13c Feb 16c Jan _ Gold. • 6%c 8,000 5'Ac Jan 90c 1,500 80c Feb 90c Feb MacDonald 9 207 9 Feb lb Y Jan Macfie 'Red Lake 7Va 8 315 7Va Feb 8 Feb Macho 100 11% Feb 11% Feb MacLeod-Cockshutt 4,300 1.85 Feb 2 'A Jan MacMillan 26 Jan Madsen 28 Feb 116 7c Yellowknife 13c 13'Ac 13 Ac ... ' 2.10 Jan 2.35 2.41 6,250 51'Ac 47c 57c 35,60.) 47c 9Ac 9 Ac 10c 4,500 9c 1 Mines 28c 27c 28c 3,500 p5o Jan 34c I 1.10 1.06 1.12 10,650 93c Jan *-1.20 » 9 A 9 2.41 1 — Mines _1 2. 1 _■ — •' ■ Feb Feb1 2.50 Jan 74c"! Jan 13 Ad Jan ' ' 11% 11% 1.90 1.85 1.90 23% 23 23% ' River class A__ 27 _ . • Francoeur Gold Frobisher Exploration 2,305 23 Feb 50 27 Feb 27 10c 2.35 10 c 1.000 2.25 2.50 10,C0o 17% • * common..:. General Steel 17% 106 A 106 A 1.90 15 . 9c 1.90 " 23 _ _ _ Magnet Consol *llc Jan - 6% 6% 7 825 2.75 2.84 10,465 22c 22c 22c 1,000 2.22 2.20 2.30 14,100 3c 3'Ac 19,000 96 96 96 25 95 9 9 10 165 9 5 Ac 5'Ac 1,500 5'Ac 13 Ac 14'Ac Jan 2.90 Jan Manitoba Jah 17% Jan Maple 106 A Jan & 1 Maralgo * _ Sugar preferred Leaf Jan Eastern ...100 A Milling Mines 1.90 Feb 2'A Jan Marcus Feb 15'A Jan Martin-McNeely Feb Massey-'-Harris 0, I_ _ 14'A 102 102 10 5.50 5.75 7,451 9%c 8%c 10c 12,300 2 Ac 3c 7,500 Gold V;' — Gold 102 Feb , 102 Jan 5.85 0 Gold.. ..... _ ___1 Mines Gold _ _ footnotes _ -1 _ see page 42. 7 Jan Jan 2.40 22c 2.02 Jan Feb A 2.85 Jan Feb 1 Jan 30c Jan 2.35 Jan 2'Ac Jan 3%C Jan Jan 96 Jan Feb ll'A' Jan ~1 Feb 1,500 9'Ac Jan 6c 1,000 4'Ac 21 2,625 27 'A 40 5'Ac 1 • common 4 Ac 20 8c Jan 10'Ac Jan 2'Ac Jan 3 Ac Jan McCabe Grain class McColl-Frontenac - 65c 69c 9,0C0 65c Feb 74'Ac Jan 20 44c 43 Ac 45c 6,233 42c Jan 56c Jan Mclntyre 18c 19c 4,600 16C Jan 19 Ac Feb McKenzie Red 11c 12c 5,500 10c Jan 16c. Jan McLellan __ 27'A « 100 Feb 14 Ac 6c Feb Feb 20 Feb 22% Jan 26% Jan 27 A Jan Lake _ 9 Jan 8'A 8'A 50 8V4 Feb 12% 12% 13% 1,235 12% Feb 15'A 96 96 96'A 80 94 Jan 98 Jan 13c 13'Ac 3,200 13c Feb 14c Jan Jan 56 13 Ac _ Porcupine Gold 0 A... common . McDougall-Segur 18 Ac —_20 ___■ — Jan Feb 4.75 66c .. Feb Jan 10 ' 1 — Preferred Oil 6% Feb Feb 2.05 104'A Fields Gold Preferred Lake 9'/4 2.79 . Yellowknife Gold Mines. 883 1 _ 315 5.60 100 9 A 1 Lake •-120 ___1 . Mines., A " common —1 Preferred Gold - _ Red 17'A > 85 r ..... 2.00 14% 1; r Wares ■ 15' 0 Bakeries General ' 100 preferred Mines. A 0 B Manitoba Power Gold class Export " Malartic For 12c 3%c Jan 10c Little Class Goidale Jan 1 9 9 10 Motor Goldcrest Jan ,Jan Jan Feb 19 5%c 255 Jan 20 »A 6.30 15'A 3%c T* 14% Gold Jan . 14% " 1 Oil Gold 6.00 75 4%c Mines Leduc-West Leitch ■ 4%c — Lawson & Jones class A_.— Oro y. —-1 Mines Laura Secord Lebel y, —_ Cadillac Larder ; V <! Lang & Sons Lapa 45c 1 * Gold Jan ' ' ... Lake Jan 5c 64c 1 115 .... commoft Fleet Mfg God's 1.45 3%c Jan Lingman 6'Ac Fittings Ltd class A— Globe Jan 90 10,395 5c ill 1 Gold 21'A 22 '> Gold Jan 5,75 0.25 1 (John) 114% 100 6 VaC Preferred Gillies Jan 17c 13'Ac Jan 4c 21'A 1 Laguerre 80c — ... Petroleum Fibre Products Glenora Feb 1.67 5.10 *' Labrador Mining & Exploration 14 430 6'A Federal Kirkland Giant Jan 3c 1 Consolidated. Juliet Feb 4'Ac __ 1 35 825 com Preferred 5% Jan Jan 24'A - Grain Gatineau 9 45c 550 24'A Jan 85 6,112 Loblaw Class B Jan 7 Va 25 preferred Imperial Varnish Inaian 14 __£i 4% 47c 3,560 14 Players , Fanny Farmer Candy Shops. Ford Ja!n 28% 19% 9,700 4.15 Famous Federated Jan 6c 28% 10c 200 4.15 1 Falconbridge Nickel Federal Jan 57 21A ■ Empire Feb 35c Feb 3%c Jan 28% lencourt El Jan 10 Lamaque " * 9c Oil 235 9'Ac 11 Vac 10c ' Oil Leduc Jan Jan * ♦ _ ... Dulama_Gold Mines Ltd_____ Duvay Gold Mines Jan A 5Va Lake common Jan Jan _• class Mines Feb 10c Jan preferred Dominion Textile 10c 5'A 8 B Jan 18c 2 Steel Jan Jan 12 8 ; Mfg class A... Homer 8%c ___* Dauch & Class •• Labatt Donalda 24'Ac Jan 8c 4,500 Jan 65c . 11 8c 8c ... Mascot Jan Jan Ltd Feb * a Feb 35c Feb 500 10c ll%c 11 Vac 1.20 50c Coal Jan Jan Jan 43,550 Chemical lo 'A _ Jan 55c & Jan 3c Feb 50c Stores Jan 65c 9 % _ ... Oil 55c Tar & 80c Feb Feb Imperial 1 Steel Dominion Feb 50c Jan Jan ,22C Mining Dominion Dominion 58c 7,800 8 A Alabastine Bank LakeJ Magnesium 9,110 2c Kirkland Dominion 60c 52c 100 Imperial 5,500 1 & 58c 50c 1,500 Jan 6 .1 Foundry Jan 50c * Jan 22c 24'Ac 5% 1 Dominion Bank Don nion 11 8'A 1.45 ; 23c * Mines Coal Jan 2%C 31% Feb 200 Seagrams Dominion - & 152 A Jan 1.20 21,800 1 1 Dominion Dairies 10 8'A Huron 141 A 150 151'A 151 1.20 14 Ac 4,106 104 111 A 106 8 Ltd Mines 138 Jan * ; Lake Diversified 10 2%c Hinde Jqn 65c Yellowknife Discovery 10 1 Highridge Jan • _ Red Jan 10 _ * Joburke Dickenson Jan 18 7 Ac Feb 1 Lake Red 40 Feb 17 Jack D»tta Jan Feb 15 A Feb Holden Jan * • Nickel 16 38 50 Jan Heva Goid Jan 1 Mines Deni.son Feb 150 15 A Heath Jan . 51c __1 Oils Delnite 15 38 16'A 15 Jan 12% 50c 100 class 2,175 38 15'A 15 4'/8c Harker Jan 1 __i 15'A 3J Feb 5%c Jan 1,000 Coal Leather Jan 615 Headway 15,400 14 Mines Class B Feb 16c 10'Ac Feb Imperial Tobacco of Canada ordinary_5 Petroleum Davis 22 17,940 Inspiration Daves Jan Feb Jan 16 Jan 52c Patricia D'Aragon Jan 10% 15 A — ... Harding Carpets Feb 655 28%' Mines Aircraft 53 7'/ac 1.75 56c 60'Ac Mills...... Pershing Crowshore 1,000 103 Jan Feb 22 30 Jan 52 10'/a 4o0 22 95 86 10 'A 5c Harricana 50c * common Crow's Nest 52'/a 10Va 15 A llasaga - Crestaurum 55 52'/a 1 Jan 60c 100 Imperial reb 50c — Swayze Feb 50c 5 Exploration Cosmos 100 101% 100 52 Va 50 Mines Lime 2.80 2.45 52,080 ♦ Gas Jan 1 _ Mines Lead Hard Jan Jan Jan 2.00 5,500 0 Mining & Smelting 11c Jan 2 ... Jan 0 Saddlery Hedley 1,800 20c 22c * Oil. 8c Hamilton Bridge Feb l Consolidated Lebel Oro 9,000 « Gypsum . Consolidated 9c common. West 18%c Feb 16 11,250 2.44 CO 13 'A 1 - 8'Ac Jan 0 Paper Coal Jan 1.60 25 4'Ac 2.32 2.43 1 Mines.;. Feb 8'/aC 10'Ac 11'Ac West Jan 16c 621 4c 4c . 1,500 1.65 13Vac 7c 6,025 v- 21c 6c 9,600 j Feb 8 410 6%c "ZZZZ'.i Beattie 9'Ac Bousquet Haicrow Jan » Duquesne Jan Jan 1.33 __ Bakeries Consolidated Consolidated 5c A.— preferred Gulf ^ Consolidated 296,800 — Guayana Jan 1.15 1.38 1 Consolidated Astoria 12%c 9Vac High Hqlliwell Gold 1.60 16 - Jan 7'Ac 22 class Great Jan 25 1.25 1 11; A Jan Knitting class A_ Yellowknife 5'Ac 8c 1 — ... —; Lakes Great Jan 1.36 1.60 Luke 18,500 Low Feb 1.35 16c Plow 3.15 12c 1 ... Great 1.36 Cnromium J B Graham Jan 15 1 Willans Feb 10c Porcupine Mackay Class Feb 101 Jan 100 155 Chimo Gold Cockshutt 15 A 24 A 0 Malartic 2.65 11 Vac preferred Gordon Jan 100A 1 Mines Cochonour 79C 24 1 Wines Mines Bar 12'A 36 A Jan 0 10 15 A 14% Feb Jan 28'A I _ 13,275 Goodyear Tire common Jan 1 Mines High 2.76 Feb 11 10'A A____ Porcupine Coiomac Jan 100 A 1 .Central Coin 210 24 * Patricia Citrulam 25 100 Va 100 A 14% 100 A Oil Leduc Cenua) Circle 225 9'A class Cascle-Trethewey Chesterville Mines <• preferred Cariboo Gold Crie.ncirk Goidora _1 Canadian Cei.cidl Feb 14'A 14 A 25 Railway Canadian Caruy Jan 77 71c 73 Ac 100 Pacific 13 A 73'Ac i * common preferred Canadian Jan Jan 28'/2 • Canadian 12 75 5'A • Range Since Jan. 1 Low 2.65 " 10 10% /' * Cauaa.an Feb 8 A Shares 2.68 Manitou Golden 95 5 A 10% * for Week Prices 01 Par Jan 225 1 "A" Alco ___. 220 Sale price High 8% 77 . ;• Machine Class B Range Since Jan. 1 Low 12% ' Sales Range , Goldhawk 100 _ Week's Frlday ■ STOCKS- 12'A —** ----——50 — • Last High 8 A '■ . 77 * ' Ca^iauian 8'A * common * .. * Shares of Prices Low Par Canadian FEBRUARY 11 for Week Sale Price STOCKS— * WEEK ENDED FOR Sales Last MARKETS LISTED CANADIAN Jan 54 'A 56 1,025 50'A 40c 40c 42c 5,8r0 32'/4c Jan 46c Jan 7c 6%C 7c 1,500 6%c Jan 8c Jan 5 55 A 1 1 .-Feb ' '* ' r * ■* ■■ + / . t*, THE RANGE Week's Last Mercury Mills Low Milton & new 9 Vac 7% Brick Mining 1,550 9 'Ac 7% 7% 1,230 6c 6c 16,700 16 17 50 1.45 800 1.35 Feb 10% ... 10% 10% 615 10% Feb Sherritt Jan Sick's Jan 6c Jan 6%c Jan Feb 17'/a Oils Modern l Conta ners Monarch * common Lnw.iai'un Mortgage & Inv Porcupine Moneta 42c 2,500 13 13 100 13 % 13% 40 6'/a 6% 330 46c 49 c 5,600 1,190 220 __' * commoi) Knitting 42c ,■ " 1 — 7% 1.55 ' Jan Feb 13 Feb 13'A Gordon Jan 14 Feb 7 Silver Jan Jan 60c Jan 43c 20% 19% Moore • 68 68 71 26% 26% 3% 3% 100 3% 48c Feb 9 VaC 10c 2,000 9 %c Jan 9c 10 Vac 151,500 8%c 6 6 700 11% 11% GOO lOVs Jan Preferred 25 Brass I » Long Lac 1 Mylamaque Mines 1 National __ Mining Miller Class B Jan 5 common ■"-■4 j1 Preferred National 5 Grocers 68 Preferred National Petroleum National Sewer 26% Jan Siscoe 73% Jan Slauen Jan 27 Western Jan 12c Feb; '' 6 .... ■ . Steel Feb 1,240 14 28 27% 28 430 27% Feb 28% Jan 16 16 16% 800 15% Jan 16% Feb 41c 40c 41c 4,500 35c Jan 47C 30 65 27% Jan 32 Jan 22% Feb 23% Jan 29 Jan ' 0 — 22'A "22% New Bidlamaque New Calumet New 28% TO 2.44 8,750 101 103% 50 10 Alger New 460 2.30 -2.30 22% 28% __w__ preferred Jason 13c 5 Vac 1.93 1.83 ; 68c Mines 13%c 7%c ___ Marlon Newnorth New 66c Rouyn Mergerf 15e 2.04 26,150 68c 2.16 101 123,700 13,830 ... Jan 25 28,474 8c - " •' 12c Feb.;..;,. Jan 1.80 Normetal iNorpick Olsen Co 6c North North Oil Gold O'Brien 2,35 Jan Sturgeon Feb River Jan S.vlvanite 6c Jan Taku 11c 102,700 9c Feb 18c Jan Ontario 11c Jan 14c Jan Taylor 8%c 18,200 7 VaC Jan lie Jan 11,275 19c Jan 26c Jan 3,500 6c Jan 8C Jan V 6c 1.10 200 1.07 7,014 5 4 Va Jan 2,500 12c y Jan 10c H'/aC 72c 3.05 10c 8 Vac Mines 119,300 3.35 44,845 54c 3.05 Feb 1.15 ; 3.75 Jan 10c Jan 13 %c 16,600 C%c Jan 12c 60c 1,500 49c Jan 60c 72,675 30c Jan 40c Feb 7% 380 7 Jan 8YB Jan 8,910 1.32 11,400 17c 6,000 14c Jan 17c 4c 6c 6,100 4c Feb 6c 8,300 5 %c 18% 5 Vac 25 5% 190 15c 16c 33,500 8c 8c 1,000 71c 70c 82c 44,100 16C 15c 16c 5,100 •' __ : Mines. 39%- Western Parbee Ltd. 1.65 Pen-Rey 1.95 Jan 1.62 Feb Jan 16c. 39 %c Crow 4,000 4c 500 19c Jan Mines. 9c Jan Jan 18c Jan Feb 3.05 Jan 39% Feb Jan 1.34 Jan 12 VaC 8c Feb 3%c Jan Feb Jan 21c !;;■ ;.] ;v: Feb 8c Jan ; 5c Gold Jan 9,925 36c Jan 24,900 9c Jan 75c 79c 7,650 70c Jan 89c Jan 27 27 25 26 Jan 27 Feb 10c 12 %c 23,700 8c Jan 14c Jan 2.15 certificates.. 5,140 2.05 3.10 28,000 5c Jan 40c 9,600 41 515 81c 80c 75c 8c .-y 44c Quemont 70c Jan 90c Feb. 16% 8,510 7'/sc 1,500 52% 53% 60 58c 67c 69,150 86c 86c 90c 8,225 86c Feb 52c Gold Mining 51 %c 55c 4,156 45c Jan 15% 3,560 15 Jan 15 Va 15% Jan 13% 80% Jan 84 Jan 85% 85 86 25 83 Jan 86 Jan 7 Vac 7 Va c 7 VaC 500 Jan 8 %c Jan 1,50 1.50 1.54 8,025 1.50 Feb 1.70 Jan '5% .,5% 100 5% Feb 5% Feb Gold Jan 20c; 8 VaC Jan 11 %c Feb 1,900 1.41 Jan 1.90 Jan 1.53 1.47 1.62 22,000 1.27 Jan 35c 35c 500 27 27 25 Renfrew Silk class — Keno United Roche Oils Royalite New :025 . Walker Lawrence St Western Gold (G footnotes A W') 17 % 2.55 10,900 2.20 Jan 2.94 Jan 7% 1,045 6% Jan 7% Jan 1.82 Jan 1.72 6,300 1.52 5.85 1,114 5.60 8c 500 Jan Feb Ja li Feb 6.40 Jan Jan 6c. 9%c Jan 13 12 13% 36,510 8.75 Jan 14'A Jan 26% 26'A 26% 4,825 26'A Feb 28% Jan 13 13 25 13 Feb 13 10c 10 %c II,600 10c Jan l ___1 _ 9c 0 9c 2,900 36% 36% ■» 34 33 '/a 34 175 0 common ___. 23 23 24 355 0 , ;— common 36%' 23 100 ___■ 170 23 98'/a 200 7c 36% 22 30% 23 13 Jan Feb %C Jan Feb 9c Jan 38 Jan ',24 Jan Feb Jan Feb 35 Jan 24 Feb 99 30 98 % Feb %c 31,700 8c Jan •:37c 7%C 8%c Feb -lie 8c 4,500 74,700 7%c 7c 7c Feb • Yellorex ^ Mines Yellowknife 27% 31% 5,385 100 99% 100 300 98'A 19 19 100 19 2.32 2.21 2.32 7,783 27% 2.15 Feb Jan 34 Va Jan J tt n Jan Feb 100 19% Jan Jan \ 11 %c Feb • 10 j % Jan 19 1 Bear Yankee 29% 5 Combing Wright-Hargreaves Ymir 24c 27 100 common Preferred Wool Jan 127/B 2.50 Jan Jan 21c 23c 4,500 18c Jan 23c Feb 1 75c 73c 75c 8,700 63c Jan 80c Jan * Mines Girl 4%c 4%c 6c 7,500 4%c Jan 6c Jan 1.65 7%c Jan 51 Jan 53% Feb 58c Feb 67c Exchange-Cnrb Section Jan Jan Toronto Stock Jan Jan Jan 11 1.44 6c Canadian 1.04 Sale Asbestos Jan British 9 Sales Range Price Par Jan 4 17 ■ Week's Last Jan 62c Funds Friday for Week of Prices Low Shares Range for High year Low 1918 i High * Corp 25 25 10O 25 Feb 26 100 102 3u» 100 Feb 114 ' Jan ' Columbia 2.15 2.20 500 2.15 Jan 2.40 Co 8 8 15 7% Pulp & Paper com • i.— ' Jan Jan 29% 75 30% 11 11c 25 14c 12c 13c 17% common. 29% Jan, ( 8 30% Feb Feb Feb 11 Canadian Canadian 16 VaC Jan Canadian 13c 24,500 11c Jan V 2,500 12c Jan Jan Coast 40c Jan* 49c Jan 25 Jan 25% Jan Crown 28'/« 6,044 23 Jan 28 % Jan Dalhousie 6.35 6.65 6.65 Feb Dlsher 12c 9c _ Consolidated 1,080 *' 17% 18 17,645 28,000 9c Feb 19c Jan Dominion 13,800 6c Jan 10c Jan Jan Foothills 17% Jan 18% 2 «» . _ Feb 2.00 Jan 1.75 1.85 250 64% 77 710 140 140 10 3% 3% •i " 2,050 50 50 25 1.15 1.25 500 16'A 17'/e 11 11 i 6 3,740 y ) 39 38 1.75 Jan an 64% 135 J 3% Feb 79 International Feb 14 Jan Feb 86 Jan Feb 42 Jan Langley's Ltd preferred 4.20 4.40 7,235 3.80 9c Niagara Wire Weaving 2,500 42c 47c 25,400 23% 235a 24 965 47 100 15c 16% c 2,000 Paper common- Preferred • 143 i 40 5,100 Jan 3% Jan 50 Feb 53 Feb 1.25 Feb 16% Feb 18 Feb 11 38c 6 11 Jan 45c Jan & Ontario Jan 4.50 Feb Jan 10c Jan 40c Jan 49c Jan Pend 23% Jan 24'A Jan Southmount 47 Jan 48 Jan Southwest Petroleum 15c Feb 20c Jan Supertest Petroleum Paper__ Selections Oreille Feb 6% Feb 31% Jan 34'A Feb Jan 20 Jan 2.75 2.75 3.00 2,240 26 28 175 50% 1 ' 3,261 10 ' 2.75 26 49% 103'/a 51 51 55 20 20 20% 1,665 22 22 200 21 Vac 4'Ac 500 4 9 __ 52 • 103% 103% "< 4 _ _ 49% 34'A- 51 .... Investment Temiskaming Mining • 50 20 Vac Feb 3.65 Feb Feb 31% y i 58 Jan Feb 103% 52 % Jan Feb Jan Feb 22% Jan 23 Jan 5c Jan 6.70 Jan 5.60 5.95 6,485 42c 42c 42c 270 41c Jan 42c Feb 30c 30c 1,000 30c Feb 35c Feb 47% 47% 47% Feb 47% Feb 7c Jan 8c Feb 9 ordinary 1 __ 8c 8c 5 1,000 •; Feb Jan 5.60 5.50 5. Jan Jan 47% * "4 Jan 19% 33 9 __ 'f Feb 100 9 8c * Jan 1.15 150 6 f Jan 630 ... 100 1 Jan Jan 19% 33 ;/ __ Oil ti * 19% _ • 13% Jan Jan — 9 40% 1.60 13% 16'A * 83 Feb Feb 50 .... __ 235 1.40 12% Jan - " __ 145 1,700 65 3% 26 Bridge Paper 120 1.50 12% * common. 13% 1.40 J 12% 3% _ Oil 41'/a 1.46 22% 1.25 83% - 103 Jan 69 « 83 47 Feb 20 1.75 .. 13% __l 4 98% 250 • Donnacona 1,085 Lumber Oil Steel Feb Jan 230 1 common Paper Dominion 6.35 1,275 20% • Westinghouse Copper '3,300 3% 101% 20'A . Western 44c 3 %•■'■■ 98 Va 20% • _ 25'/a 3% 98% 100 __ Vickers 25 * __ Sugar _ Marconi Canadian Jan 11% Feb __ Vinegars 1 v 12% — _ and Dominion 40% 13% 4.30 42. Jan -.Va Jan 8c • __ 45c page 24»/b Jan 17 1.65 7c Canada 100 see Feb 50 Va 370 6% 7 Vac Oil For 20'A 150 17 5.60 1 Jan 9c 50c 50 51% 5.60 1 8c 7 Vac -.1-.— 20% "1.70 Wingait Gold Jan 7%c Preferred Jan 13 & 8c Shawkey Mines Sheep Creek Gold Jan 6% Winchester Larder 6c 11 Va c com 14c 30% 2.35 26c 4,000 1. Power Jan Jan 17 % 1 7c Rannorm Mines Senator Rouyn Ltd Shawinigan 'Water & Jan 9% Feb 51'A class A (George) 26% Ltd. Jan 7.c Jan 1 Wiltsey-Coghlan Brown 6.65 Mines 8% Feb 9c 20 10c 20 % 51 Jan 27% 2.35 Preferred Canada Paper 1st preferred. preferred Antonio Feb • Grocers Class Minnesota San Feb 60c Jan Feb 18% Jan 1.23 11 35 27% 0 _50 Products Weston Jan __i. 2nd pfd______. 8%c 63 , Feb 168 Feb I,000 500 Mines (Hiram) Westeel Feb i. Corp 9c 18% 25 Malartic 3.75 Lawrence •2nd Feb 158 10'Ac 10'Ac Hayes Steel St Jan 10 211 2,645 Ltd 40c common., 87c 600 27% Wekusko Consol Feb 25 Industries Russell 12,400 9% • Waterous Ltd Jan Co_. ..Roybar Chibougamau Rupununi Mines Jan 17c Jan • Oil L9c 158 9 * 87/B 12c common Feb 1.02 Ve Amulet 2.85 12 %c Royal Bank 51c 10% 10,000 Waite 100 11 Lac. Feb 10 1 1,600 Cotton Long Roxana 22 98c 66c Vicour Mines 9 — Rochette Gold Jan Jan 3,040 9c Jan B'/aC 55c 18% Jan 5 3.10 20 158 Hill__ Canada 25 60c Steel Upper 21'A 60c ___. Preferred Roblnvson 68,500 ,10 10'Ac 8 A__. A 17c 99 c 1 2.15 class Jlan 51c Corp class United Jan Feb • preferred Feb 28% 4% 1 A 36C Jan 2.54 14c 0 preferred Feb 230 21% Feb 1.62 26% 6,240 51c Resources 7 Jan 26c 4% __100 class - 2.90 1 1 > 2.75 ._-e _. y 4% Mining 6'Ac Textiles __ 1 i Mines class 17c 13,000 * Mines B 500 11c 1.65 Union B 19c 'AC — Explor United Fuel 4' 19c 1.60 9 9 3.15 Regcourt Gold Riverside 5c 1.62 • Class Feb 13 340 J common Finance Class Feb 100 82 ■' Silver United Feb 75c 13% 1 ; Preferred Mines 4% Jan 81 Gas 9 Macdonald Renabie Feb 60c 13'A 1 17c 3.10 Milk class A. Reeves Feb Jan 1,300 - 4% Feb Jan 14% 1.55 60c Quinte 11,100 Feb 9 22 Jan 1.02 7c Quebec Labrador Quebec Manitou Queenston 50 73c Jan Jan 20% Jan 7 83 Jan 7 340 54c Feb 81 STOCKS— , 4% 68c Jan Jan 6'A 82 Jan 42% 5,500 * Feb 12% 52% Jan Jan 1.47 Mines——. Jan 3.65 Jan Jan 35c 11% Flour preferred!-!—. 2.34 \ 71c 15 Va Dome Purity 3,365 22 45c Jan 1.42 1 Mines Winnipeg Electric 40% 14% Metals Jan 3,100 81c 73c •' — Jan 12c Jan 7c 42 Vac y Jan 800 40% A- Corp 2.25 3.35 35c 40c Mica 8% Feb Jan 5c 10c 5%c Purdy 8% 21% • Jan 40c 40% East 20 8% Jan Jan 150 83 Jan 19'/a 23c 1.33 4,253 6% 0 West 9c 2.20 Gold trust 50c 83 34 c Feb Feb Jan Vac 11%C River Rouyn 49c 6% ' —— Feb 17% 18c 3,700 ' 2.90 Ventures Jan 1.06 Jan 3.35 Reef Powell Preston 45,500 6c 4c Jan 6'% 27 Gold Powell Pressed 21c 38 Gold Voting 1,000 Jan 9V8C Mines Porcupine Peninsular Power 1.00 %C 4c Piccadilly Porcupine Porcupine 31,300 5 5 VaC Photo Engravers Pickle 1.34 1.18 Jan 75c Gold Pioneer 36 '/a 5 %c Jan Jan Feb 1.O10 , 6%C V Jan 2.30 Feb 19 Jan 70c 39% 19 VaC Gold Perron 7c Feb 13 %c 38 — Mines.. 8Vac 33,735 ________ Cons 5 2.60 1.25 Oil Mines Malartic 1.20 2.30 5%C Cadillac Paymaster ' 18% 5 Va 15 %c Hershey Tubes Pamour Porcupine Mines Pan 6c 18% 2.35 fcaramaque 1.35 6% Union • 1.78 5% Page > 1.33 1 — Transcontinental Jan 40c 15c Petroleum Pandora 225 4,100 ic 1 Gold— Gold Towagmac Jan 1.20 ." Mines Pacific 25c 6,350 17'A 18c 19 Vac 1.35 33 %c Jan * Toronto General Trusts Jan 9c 1.65 common- Lake 17% 18c 1 Traders 39,000 15c — Lake Jan —___10 Toronto Elevators Jan lie *1.73 Gold Osulake 4 0 Mines Pearson Torbrn Jan ' Exploration Red Osisko Feb 25c 25'Ac Thompsoli-Lundmark Gold Mines Jan 7% 'r- : Orlac 19,950 33 %c Tip; Top Tailors_____ Toburn Gold Jan 58% 20c Jan 57c common Orange Crush Orenada 33 %c 36 %c Mines River Tech-Hughes Jan 84c 36c > 39c ——___, Steel Jan Tamblyn Ltd 31,767 1.30 Omiutrans Cons 23c 3.10 Mines Gold Jan 99% common Sudbury Contact 68c • " Omega 26 % Feb * Rock Iron Jan 57 Va Malartic O'Leary 30 Jan 97 4% Steep Jan 13c 13'Ac Oils Okalta Feb 23% 30 1 Stovel Press preferred 17c 56% Gold Star 28% 345 Jan .4 VaC 54c Mines Canada Inca 300 25 22 ._ 9c • Feb Feb 29 • Steeloy Mining 1,500 v 1.10 Mines Northern 93 98% 0 Gold Canada 6,250 6c __ Mining Norseman Jan 25 of 20c 57% ._ Gold 94 98% * common.. Feb, 15c Feb Jan 56c Malartic io 24% • Jan 104 Jan 7% 28 % * Preferred Feb 2.50 Jan Feb 4 VaC' 56c , Steel ' Mines Feb 98% Stanley Brock class B Starratt 19c 21 %c Nipissing Mines Noranda 7 24% 0 Oil* Standard Paving common Preferred 5'Ac 8 VaC 19c Mines Norbenite 100 , Feb Jan 9% 28% 100 9c 8 Vac Yellowknife Nicholson 41c Jan 250 • Mines 11c ll%c 11 Va c .. Thurbois New 55c Feb 9'A 1 Chemical 5c Oils Feb 32 %c 9% 94 1 18c 9%c Pacalta New Nib Gold Gold Norzone New 40c 11,400 9% 94 Co Sullivan New 63,100 36c 40c 32 %c Jan 30 A__ Car (Wm) 55c 48c 32 %c 7% Preferred Jan Mines Negus Nellson Jan pfd____100 Dairies Stedman Bros National National Trust Jan 17 100 Brazeau Standard Feb 0 ^ 17% Feb 7 Springer Sturgeon Jan 11% 12% B____:. Pipe class Feb 16 Jan 8 Jan 16 210 • Southam South 12% 13 v 2.59 1,270 i* j Malartic Feb Jan 12% . Jan 17 17 I Gold Jan 3% 12C 25c class 2.10 16 * Class B 23% 20 :: _ Hosiery 44,687 1 High 16 1 ____ A Simpson's Ltd class A Jan 0 common... National . Low 2.23 17 y__ class ______ Stadacona Drug Range Since Jan, High 2.11 16 „ Mines.—; Dairies Silverwood Feb ,19% 50 Shares Jan 6 Va common.., certificates trust Preferred Mosher Low 2.15 — Breweries Voting Silanco Feb 12% 21 Morrison for Week , , Jan 12 - 40c * common Sales Range of Prices Jan Montreal Locomotive Corp Week's Sale Price Par Jan Silverwood Model 11 STOCKS— 7 16 4: MARKETS FEBRUARY High 12c Jan 1.35 Corp ENDED (.737)' Last 17 _ WEEK CHRONICLE Range Since Jan. 1 6c Grain— FINANCIAL LISTED FOR Low 9%c common Pacific <f t, Friday Shares' high 9 Va c Mid-Continent Oil Midland '? ;■ for Week of Prices Par McWatters Gold ! Sales Range Friday Sale Price tV' • COMMERCIAL '& CANADIAN STOCKS— , ■ Number 4777 Volume; 169 „j'; ( Jan ; 42 the: commercial (738) - & Monday, February 14, 1949 financial chronicle OVER-THE-COUNTER SECURITIES Quotations for Friday February 11 fV' Obligations Of Government Agencies Investing Companies Far Mutual Funds— Fund Affiliated • r 1 Securities Aeronautical Bid , , 8 of America Bond Inv Tr Inc Fund Boston Bowling Green Fund Ino Broad Street Invest Corp 6.70 7.42 14.25 15.41 15.48 Industries Baton A Howard— Balanced Fund t •< 3.95 First Steel 3.60 lo 3.85 7.07 General Investors -.-•■I ,.1 10.62 1 12,78 1 12.59 Corp.—1 7.67 8.29 1 6.63 7.25 1 6.10 6.67 1 6.37 6.96 1 4.13 4.51 1 2.98 3.26 1 4.48 4.90 Investors Bond Low series Priced Preferred Income Bond Stock Series Series Series Series 5.38 3.16 —1 13.45 8.24 1° Electrical Equipment shares lc Food shares 1—-, 1° Fully Administered shares—lc General bond shares lo Industrial Machinery shares lo Institutional bond shares—lc Investing Company shares_lo Low Priced shares— lc Merchandising shares -lo New England Fund New 13.73 5.52 6.37 42.36 5.48 _1 5.73 .1 7.24 9.48 supply Chemical -1 1 10.61 Diversified Investment Fund-1 5.25 Diversified 5.38 5.83 6.79 7.37 5.67 6,16 series bond Diversified 6.55- Industry 9.76 Insurance stock 1 10.83 ..I 1 4.56 Merchandising 7.36 Metals 7.42 5.63 4.58 ^-1 7.55 9.61 equipment 1 Tobacco 2.61 3.86 Putnam Republic Investors Fund Russell Berg Fund Inc 4.76 , 10- 1-48 7- 1-49 bl.55 1.40% 1.65% 11- 1-48 8- 1-49 bl.55 1.45%- -1.55% 8- 2-48 5- 2-49 bl.50 1.35% 1.60% 12- 1-48 9- 1-49 bl.55 1.40% 1.50% 12- 1-48 5- 2-49 bl.50 1.35% 1.60% 1-3-49 10- 3-49 bl.55 1.45% 1.65% 9- 1-48 6- 1-49 bl.55 1.35% 1.55% 2- 1-49 11- 1-49 bl.55 1.45% United Stales Treasury Bills 1.56 Bid (Geo) Shares Co Investment of lc America Television 1.10% 1949 bl.16 1.10% 31, 1949 bl.16 28.32 23.08 25.18 15.70 17.13 9.13 9.97 15.00 16:37 18.86 * 46.50 March 1 A—1 New York 12.92 Fund-^J Fund—J Shares__l Par 18.39 Fund 8.72 United Fund series Income Fund 18~45 Bank 10.32 4.02 38 1QQ 98%, 9.03 9.21 16.33 17-83 Chemical Bank ft Trust- 15.0Q 16.13 Commsreial National Bank ft Co..—1 3.26 3.53 Trust Co 10 40% Exchange Bank ft Truat_8Q Impiro Trust 00 86 Federation Bank ft Trust 14 Fund—* 87.48 89.27 Series 42.38 43,25 Series 1956 Fiduciary —I Trust 53 > 89 81 Home— 30 65 -Bid — Automobile— Casualty American American AsSgrjoah Equitable Assur • 02.10 Prior preferred 23% 13% Massachusetts 8 20 % 22% Merchant 22 -•* 01.05. Convertible 2% 10 -25 10 13% 17% 28 % 60% 38 , - Fire 10 preferred-0 20 85 National Union — 10 66 .1978 0 20 - 85 53 % Oram At Forster Inc 10 36 Mnployees Group Assoc Employers Reinsurance • 10 33'A 59 Casualty Life York 28 4 % North - Fire 25% 0 53 36% Federal Fidelity A Deposit of Md Fire Assn of Phila Fireman's Fund of Frisco Firemen's of Newark 10 20 ,10 10 Northern Fire_ Globe ft Republic Indemnity Co 2nd Oreet preferred American (N Y) 47% 28 49% 10 11 30 % 32% Standard Accident 33% —2 —10 Travelers 26 15 32% 10 32% 34% 119% 122% Security 12% : Hartford Fire— io Hartford Steamboiler 10 36 1978 8s England Power 3s \ 1978 : % 1 , Haven) Springfield Fire & Marine 38 U S 1 •• Edison 103% 102% ' 3%s ' 100 1 101 "104 ' Penna 104 103 > 28 West Penn Power 1978 3s Power 3s 1978 103 103% Fire Co 20% . 102 100„ 88% pfd—100 102% 102 Lt ft 4.60% 90 107% (Colorado) ; 107% pfd_100 pfd—100 104 105 103% 104% 4.40%_100 Edison 4.70% Ser 106 107% 1Q8% (Indiana) — preferred Service of New 1 100 Mexico_7 _____100 X83%-, 86% 14 14% f, 102 kl[" 104 * ;4'A% preferred Texas Eastern Corp w-100 Trarfsmission. "A". *■ 101- 103 __l 12.%' >. 12% 1% 1% 30 10 45 ' a - 35 % 6.65 52'A 63 change. in n year's (not included in year's range) range), e Ex-Interest, Admitted to trading N." Y. Curb, f Flat b Big yield price, , price, r Cash sales k Admitted d Deferred delivery to listing on 73% 76% 20 % 22 N. Y. (not included in year's range), sales (not Stock Ex¬ t Ex-stock ', , dividend. x Ex (Un)'Admitted dividend, y to EX-rights. Unlisted z Ex-stock Trading privileges, wd When delivered, dividend. 54% 60 Odd lot sale included 47 2 10 new 19% 91% Tennessee Gas Transm's'n Co— 35% 6.40 5%% t5'A% preferred : 86 33% 20 — ,, 52 33% ——10 -23. pfd-100 . Pow Public 35'A ,; Ask : 22 Laboratories &*Lt 4%% Pow 3.50% 3% 55% • Public Service 89% 33 % (Allen B) 104 %' 1977 — 4 U S Guarantee Westchester v Bid Refining convertible preferred Okla Gas ft El ' Diego Gas & El 3t^—1978 Wlsc-Michigan 83 100 Fire ; 9'A, 1 '600 570 England Gas ft Elec— preferred ..100 Gas— 4.50% preferred —100 103% 102'A 1978 f San 92 ~ & preferred 4lA % .! 10 10 Surity (New 100 . Pub 81% 5 Seaboard U S Fidelity & Guaranty Hanover Fire , 6% 3 Oil Potomac 27 % 53 •' 86% 10 5% 104 Elec Psciflo Pwr ft Light,*%«L--1977 104 5 (Texas) 5 ' 39'A [6 "** 70 - ,8 V8, Par conv Tucker Reinsurance Corp Republic 67 Kentucky Utilities 4%% pfd-100 ... . 16 89 10 10 5 Glebe ft Rutgers Fire com—15 103 ', 5% 10 Preferred Accident 77 15% 5 J02 % ■ v . Ohio .gomr-fi*.. v, 25 % 1 25 Phoenix 66 80 16% •:37'/2 —10 Trust.. States Florida - 174 63 Bank ft N Y State Electric ft 14% 12.50 Pacific 35'A 62 Trust-lf^ - . New 32 6 St Paul Fire & Marine General Reinsurance Corp Glens Falls 101% Utilities:' 3s_ 46% 2.50 Providence-Washington 60 167 100% ■ 38% 30 44 0 River '- Narragansett 27 % 51 2 Pacific * 84'A National -DU Mont 100'A States , 8 .10 Northeastern 89 ^ 55% 38 81'A 101% •»' • , 1969 1 30% 7% 10 Fire 21% - 10 10 General . IOC/a 1979 3s J, 29 (Detroit)—10 Amsterdam Casualty Hampshire Fire New 20 Guarantee & Trust Ashland 103 102 96% Potomac 68% 40 V2 Stocks— Ask Louisiana Pow ft- Lt 10^0^.1978 49 % 24 27 0 Assur 46% 23% 90 Geoneotlcut • ' New * 2.28j 38 VsT Security Issues —1967 Gulf 15% 0 Bonding National Causalty National Fire 62% Bankers A Shippers Continental Steel ; ■ • • < Cudahy PaclclngK'RflfatA New 15 19 30% New Fire Bethlehem 112 14% 45 % 12 Va American Fidelity ft Casualty.8 „ United 68 Merchants ft Mfrs American of Newark— American Re-Insurance— American Surety Automobile 30% 108 41% 10 i 5 American Alliance. Title $1.20 /•> 10 20 Maryland Casualty common—l Agricultural - 51%:' 2.22 Trust Nat'l Sterling Ask 0:28% Insur Co of North America Jersey Insurance of N Y 54% 56% 45'A 49% Ino^ 1 Par — 52% 54 Va Public , \ 33 31 Bid Arkansas Pow & Lt 3Mis. 10 1,045* ll Bonds— Ask 10 16'/af 43% Co. 31 rs.% 1,365 , City Bank York 15 ■' Recent 10 New . 2,23 Insurance Companies Insurance National P) 270 29 ^IQ 3.24 _1 1955— 51 10 " 10; Trust & Co (J „ *12.45 261 11 10 2.41 North Amer Trust Shares^ Manufacturers Trust—, 2.11 -100 z Tryst Kings County TrustLawyers Trust * Ask Bid 11.35 Bank Trust industrial Bank Of Commerce_10 40'A Independence Trust Shares—1 Second Fun<L-1A Life 1.11%' Irving 30% 38'A Corn 9h*xs»— * 88 '/2 38'A 7.35 Loomis Styles Mutual Aetna Casualty ft 3urety bl.17 Morgan . 6.38 -4.32 Aetna 1.11%,'. 1.11%, Par Guaranty 101% •/.* 34'/2 . 20;. ft 40 85 % 'Stamped, Series E__. -I Aetna bl.17 First National 3.33 •'. — Bank 3.18 2.80 Diversified Trustee Fund- Bid i.ii%i;: bl.17 Ask : -10 ? Central Hanover Bank ft Trust 20 Chase National Bank. .10 Unit Type Trusts— 4.39 .4.73 Par May 12, 26'A Bankers Trust 9.48 1 Investment Bid 24% 100 Continental 11.26 8rl (Low Priced com Stks)^4 of the Manhattan Oo~ 10 Brooklyn Trust 6.5.0 i Inc ; Bank of New York 5.80 4 ; Wellington Fund Wisconsin 14.10 , (Appreciation com Stks)_l bl.17 1949— 5, Cily Banks & Trust Gas. 9.67 17.34 Whitehall 27,25 24.98 1949. 1949. 1949.^ 28, May 72c 65c 2Q.57 - April , - 49.50 8.87 Wall Street Investing Corp : 1.11%; 6.14 Corp.* Union Preferred Stock • 1.10%' bl.17 80c Union Common Stock 27.08 , 19% 5.61 Shares—-JOo C 7.48 bl.16 1949. 1.10% 72c Inc B 12.51 Loomi* Sayles bl.16 March 24, 1 Investment Bond Series 6.83 Knickerbocker 1.10%'- 1949 —I 1 Union Series Stocks)—.1 bl.16 17, 20.82 12.49 12.23 com 1.04% 1949 25.16 10c Inc Co Fund 25.12 1 an (Income Street 11.40 Keystone Custodian Funds—B-L (Investment Bonds} 1 B-2 (Medium Grade Bds) _1 B-2 bl.16 10, 18 %- Inves 23.11 (Low Priced Bonds) il (Speculative Bonds) 1 K-l (Income pfd Stocks) 1 X>2 (Appreciation pfd Stks)_X 8-1 (Quality common Stks)-l 3, 1949-. 10.27 1 B-4 March 46.76 lo B-3 1949 14, 21', March 9.49 Trusteed Industry 1.10 1.00 Investors Management Ftynd—1 Investment Trust of Boston 7, April April March Shareholders Trust of Boston—J 82c 74c ..lo April 1.00% 2.45 14.96 46.76 State . 0.90% bl.16 7.87 7.17 Ask", Bid Ask bl.15 1949 27.05 —• Inc Sovereign Investors Ltd— 1949 24, 2.23 13.91 2% Fund 20.49 lo Fund 17, Feb. 15 6 1 1 1 Trading Selected Amer Shares 1.60 18.82 & Scudder, Stevens & Clark 5.17 4.41 8 shares Bank Group shares Insurance Group shares-,.. Stock and Bond Group " 1.65% 1.30% Feb. 4.49 4.13 4.08 10c Aviation Group /■ 1.25% bl.45 10.53 Railroad 7.31 4.33 Institutional „ bl.40 1-49 8.27 Utility Standard •r„. 1-49 4- 6.42 Railroad 5.08 Ask Bid Due 3- 1-48 5.02 5.86 Public 7.26 4.67 Dated Rate Ask , 1-48 6.17 1 9.69 2.39 Bid ^ 11.08 1 0.71 9.23 5.68 .Due:-; 8.47 10.11 1 6.18 6.74 Credit Bank Debentures Dated 15.25 Pacific Coast Invest Fund 6.69 5.23 7.73 13.92 1 3.55 Investors 100.0090 9.45 8.62 8.05 3.98 Incorporated 1950 9.74 6.78 4.19 lc 1 100.0070 1, 7- 11.87 8.89 Machinery " lo 100.0226 1,1950—" Feb. 6- 7.81 lo lc lnc_ Income Foundation Fund 1949 15, .9900 .9801 ..0276 .0391 .0245 .0280 *.55% 10.50 7.13 lc Fund 100.0151 1.55% 10.70 preferred stock—1 equipment 1 9.58 Electricial 9.18 8.47 Rate 3.77 5.84 Federal 11.26 3.44 6.03 Petroleum Plan 1949 tl'As 10.39 Building 5.57 Tobacco shares Utility shares-- 99.9811 99.9725 1949 1, 11'As Jan. 7.29 Howe Dec. 1, 7.93 _1 4.92 6.72p Steel shares Oct. tl'As 10.50 stock 5.13 shares Equipment shares- July ' 6.28 -J 9.58 Bank 10 shares Railroad stock shares , tl%s tl%S .0081- 6.01 _1 Aviation Railroad Bond t ■ 1, 1949 U'/aS June 1, 1949 .0067'- 100.0004 Apr. Stocks Inc— Automobile 45.55 4.59 York Agriculture 5.41 RR , tl'/eS Ask Bid 100.0005 , 1.84 23 % lc lc shares Mining Petroleum Maturity— Certificates of Indebtedness— {1 Va Mar. 1, 1949 '.1496 9.03 1 Low Priced Com Stock Series 1 3.66, 23.32 12.53 - 1%% 100.1273 14.42 -1 Treasury Notes— {April l, 1950_ 3.26 1.68 lo Building shares Chemical shares 121 Price Ask Bid 3.45 2.98 Int. Rate Maturity— 5.88 Selected Group Series 5.8,7 lo 119% 1901 U. S. Geriificales of Indebtedness Dollar Industrial Stock Series—wl 21'A lo 100.6 - 13.52 Inc Securities— 16.12 3.51 -*c Automobile shares Aviation shares 100.4 — Other Issuta 13.97 Invest Fund Corporate Securities— Agricultural shares— 100.7 100.5 • 11.48 25.10 21.94 Group Ask 100.3 4.25 15.07 —1 Trust 1950 <, 25.38 23.47 -I Corp Capital Qeneral l%s Jan. 20, J.00.1 10Q.2-*"- 100.4 7.75 23.48 Speculative 2 Fundamental Trust shares A—2 Bid* Vl%s Apr; 15. 1949— 1.65s July 22, 1949- — .1%'s Sept. 15, 1949 , 98.24 98.30 101.20 Panama Canal 8s National Security Series— 1.44 — 100.2 4.22 lo shares National 5.65 —— point Banks— Loan Home 3.87 3.83 99.28 98.16 98.22 101.12 1, 1955-1953 1, Federal Ask, 3.44 3.51 i.—. 1952-1060 1, 1953-1951 2%s Feb. ; Bid 3.97. 3.12 Balanced Fund 14.10 1.31 lo shares Nation-Wide 3,130 5.20 1 First Mutual Trust Fund— Fundamental Investors Inc 1950-1949 1, 1 %S Jan. 3.65 Mass Investors 2d Fund— 148 12.90 10 Corp Boston Oct. i*4» May ,•3.80 Manhattan Bond Fund Ino—lOo Mass Investors Trust 1 13.32 2,980 } 1 %s 3.25 3.44 3.31 lo shares Petroleum 4.95 143 —-—5 Industrial Fund Ino.1 Financial r-,t> 3.64 —Jo Furnishings shares. Paper 33.78 12.31 Inc_ Fidelity Fund i. 3.37 2.94 V. Federal Land Bank Bonds— 16.96 31.42 --1 Stock Fund— Equity Fund Inc 3.05 shares—lo Stock Series •, Figvres after decimal point represent one or more 32nds of a Ask 3.30 lo shares None-Ferrous Metals Mutual 2oo Shares—r 19.76 7.41 --1 Fund Delaware 96.32 18.28 Ltd 1 Canadian Inv Fund Ltd 1 Century Shares Trust— -1 Chemical Fund— -1 Christiana Securities com—100 Preferred — 100 Commonwealth Investment 1 Dividend 2% 92.47 Home 7.24 ,5% 2'/a General 15.00 4'A Fund Bullock 8% 13.80 , 1 1 .* 1 lOo 5 Corp Blair Holdings Corp Beneficial Automobile Business Equipment shares, lo Drug shares lc. Electrical Equipment shares-lo 3.89 8' 1 Axe-Houghton Fund Inc Axe-Houghton Fund B f... 3.81 3.55 Bid Managed Funds— 26% 25 Par Mutnal Funds— . 4.79 4.36 3.49 iV« Inc Corp 1Q American Business Shares 1 Associated Standard Oil&tocka :' Shares series A —2 Amerex Holding - Aak : ^No par value, tin default. tThese bonds are subject to all Federal taxes. wi When issued/ Volume 169 Number 4777 THE THE Bank with clearings this week show a based year increase compared an the. country, indicate, that for the week ended Feb. 12, from. We Our year. for Jthe stand against $11,739,731,191 for the this center there is a. gain for the week ended 13.6%. At' according to the Federal Reserve Districts are cases week ended Feb. 5. For that week the totals show was of 293 in the week in 1948. same Outside of this city there clearings at this center decrease of 4.6%. We group the cities increase of 1.7%, the bank having recorded TELEGRAPH a the totals record a falling District Reserve improvement of 14.4%, in the Rich¬ of 8.1% and in the Atlanta Reserve District of 8.6%. The Chicago Reserve District has a decrease of 2.7 % and the Minneapolis Reserve Dis¬ trict of ,5.4%^ but the St. Louis Reserve District has an increase of 10.8%. In the Dallas Reserve District there is a gain of 1.7%, but in the.Kansas City-Reserve District decrease a an mond however, which to there (including this city) 4.4% and in the off of Philadelphia Reserve District of 2.9%, but in the Boston Reserve District the totals regis¬ ter a gain of 0.1%. In the Cleveland Reserve District has to be estimated. able are we m which they located and from this it appears that in the New York District 1.7%, the aggregate of clearings for the whole country having amounted to $14,103,830,024, against $14,341,170,- Friday of was an BY the as by week. give the final and complete results for the week previous — the week Our comparative summary for the week follows: CLEARINGS—RETURNS next today, inasmuch present further below we $12^29®,172,552 at covered of 43 CLE ARINGS Saturday and the Saturday figures are not avail¬ going to press. Accordingly, in the above statement, week in 1948. same week issue our the last day of the week in all In the elaborate detailed corresponding, week last preliminary totals in (739) able at time of clearings from all cities of the United States 4.8%-above those will appear furnish them cannot ends Saturday, whi<Ji it is pos$ible to bbtain weekl be foregoing CHRONICLE BANK Complete and exact details for the the us, telegraphic advices from the chief cities of upon FINANCIAL C 0 »RSEOF Preliminary figures compiled by ago. COMMERCIAL & there is a loss of 9.2% and in the San Francisco Reserve District of 2.4%. Per Week Ended Feb. 12— 1949 New York__ J "on Cent ) $5,754, 905,115 536,034,250 rhiladelphia— Bo. 1948 $6,537,801,805 520, 397,124 Chicago— ; 810,000,000 : 224,559,104 u San Fram 1«go^_ : Pittsburgh-ci_^„___ Cleveland-,--:.-.;.—— Y 282,552,000 .• ;. 243 742,000 262,790.876 a Federal Reserve ' J " Y • 12 3d YorkY— Philadelphia 4th 7,549,672,106 Ten cities, five days Other cities, five • $9,749,504,675 r- " _____11 907,480,720 7 " " 10 " + 1'6 " 4 " 7 " 11.2 2,202,660,350 + 9.6 - Chicago 8th St. 9th Louis $12,163,962,900 $10,967,431,616 cities, five days. 135,209,652 + 10.9 Kansas 11th Total all Dallas $12,299,172,552 " $11,739,731,191 4.8 + Outside the York Stock Exchange is Y. January in 1946 to 1949 BANK Description CLEARINGS omitted -Month of January Stocks- 1949 shs. + of 1948 18,825,034 20,217,606 368,317,495 429,468,641 473,161,849 " " 265,032,540 " 741,459,275 14,103,830,024 FOR 14,341,170,293 6,690,674,964 LEADING 8 CITIES IN JANUARY YEARS 1949 1948 :Y$yy $ 1 $ $ 1943 23,556,803 51,510,197 $ $ Foreign 398 <379 324 293 374 338 339 272 187 118 116 101 85 77 63 70 $62,187,600 $102,419,300 Bank! 171,000 7,300.900 U.S. Government 115 1 bonds $175,742,400 1,763,000 7,013,200 v 6,845,700 10,121,400 185,000 126,500 1,059,500 y 65,000 $118,518,700 256 222 199 168 168 142 122 348 381 337 284 288 291 239 226 390 397 333 244 214 216 172 165 410 452 410 334 272 250 204 173 3.1%. 245 241 211 161 144 129 124 124 547 a 539 497 426 379 328 297 253 $69,724,500 $111,380,500 $125,490,900 $186,923,300 430 377 269 240 211 179 181 480 444 : 389 393 387 340 285 252 195 153 142 128 117 108 107 104 87 "72 76 r 63 72 57,720 55,249 54,132 48,102 41,280 34,022 31,131 6,146 5,523 4,783 4,041 3,948 ; Indian'polis Richmond Memphis Seattle _ 444 — York Stock properties the on Exchange for the first month of 1946 to 1949 is indicated in the 241 Hartford 114 1949 1947 v 1948 No. Shares No. Shares No. Shares 18,825,034 20,217,606 23,556,803 8,976 Ail— 64,915 66,696 62,775 60,278 53,625 46,063 38,063 34,298 35,545 31,247 26,668 24,682 22,769 19,661 FOR IN CITIES LEADING New 3d 14 cities York 14 Philadelphia 4th JANUARY 16 Cleveland ^_17 1949 omitted) 1948 $ S . 1947 $ $ $ , 1943 ■ $ ■ >"Y, York Chicago Boston Phila. _ 3,122 23,293 18,402 16,937 2,622 2,350 2.068 1,809 1,854 1,962 1,870 1,649 1,605 1,435 3;261 2,944 2,759 2,504 3,782 1 1,177 1,257 878 1,299 1,246 1,117 1,066 1,123 1,685 1,853 — Fran._ 1,072 - 1,628 836 •765 773 699 576 City 1,350 1,577 1,305 Cleveland— 1,383 1,370 Minneapolis 1,130 New Orl'ns. 522 • 10th " Kansas 1,020 Kansas ___' 570 431 1,042 957 851 732 1,190 1,004 977 933 819 1,005 875 657 621 480 523 489 447 434 365 331 We add now 1,416 Outside N. Y. The 504 ■f " Y .Y Reserve 425 Portland—, 'Y"' • V. : 71 i ; " following compilation 7 covers 1 v 115,058,300 •_—>>7:'. 6,049j456 ———I,,2,391,478,296 District—New 110,580,289 > j, 2,319,530,127 103,987,481 13,685,918 381,191,3804 8,156,712 : 9,107,639 30,617,384,409 ; * , 31,151,197,802 86,513,320 89,366,436 59,431,448 58,243,443 ' : 1 8.7 3.S • 9.5 + 66,696,329,329 v : Oranges——— cities) a 2.7%, by 2,8%, but in are larger by its credit 1947 2.8 — 1.1 0.7 — $ 5.5 — 5,367,117,662 4.2 — 1,961,152,510 1,513,912,944 ■2,463,167,781 1,818,377,486 8.8 — —12.5 1.3 + 1946 2,197,198,857 34,484,352,530 3,407,121,461 2,921,172,933 1,528,560,749 2,208,362,081 4,596,245,644 1,561,206,449 1,248,080,514 1,946,142,595 1,523,705,005 2,656,090,143 3,963,522,931 3,355.937,457 1,710,165,637 2,638,631,785 2.0 + — ; $ <2,346,414,516 32,563,168,918 1-7 ; — 7.7 3,073,570,351 — 2.7 62,775,139,978 60,278,238,961 — 3.5 31,247,446,877 26,668,231,983 — , 1.3 1949 $ ': : . ' + ' - j . Y- 4.9 . . 2.9 45,820,296 10,605,400 + 5.3 116,145,100 5,220,236 31" 2,346,414,516 + 1,870,456,219 4,431,405 424,839,388 •6,173,068 426,621,793 l;534,946 1,560,380 779,946 731,332 4,076,684 6,315,954 , - 25,051,770 1,779,711 v:■■>. 19,7-03,235 1,816,346 6,977,011 7,414,045 — —31.1 5,375,067 25,204,013 12,392,694 Y;: 12,956,956 101,514,900 25,730,100 25,585,100 4,328,446 1,321,985 2,197,198,857 515,176,493 10,496,900 ; ; 1,346,838 ;; 514,807,985 . 1946 $ 1,855,927 8.7 + i $ 4,485,852 + — — 405,907,668 399,694,891 1.6 1,399,023 699,525 1,517,869 5.9 6,382,690 • 4.8 4,425,529 + 14.3 1,312,022 - 5,607,314 - - — + 4.4 10,819,218 ... 27,889,800 - 1.8 0.1 + + 6.3 89,143,705 11,001,779 337,858,697 — 8.5 1.6 11,123,432 284,034,502 €.549,009 —30.0 — 5,025,501 57,039,976 " 13,142,823 3,-147,769 13,481,328 2,630,377 83,206,485 1,929,318 —11.0 '7,337,706 5,842,938 1.7 1,745,255 31,527,693,101 33,610,006,978 7,296,424,012 ^,072,614 7,650,495,329 79,233,980 49,365,304 69,157,490 23,589,553 20,461,303 40,721,453 15,930,545 — — 3.2 + 2.0 + 2.2 13,882,344 11,234,180 47,832,362 3,188,060 187,066,571 3,255,406 + 8.7 803,985 172,695,691 2,818,716 141,280,412 915,936 172,130,301 48,153,166 220,506,287 + 1.5 45,517,310 219,941,394 198,740,433 47,200,872 51,643,580 7,380,917 7,139,136 31,736,268,221 32,277,034,483 + 15.0 — + 2.1 - 9,071,715 8,181,827 ; ' 1,207,117 20,936,300 1,094,615 490,475,202 467;687,960 44,775,571 2.5 V 10,709,815 + 19.7 65,380,402 4.9 1,346,983 13,363~579 11,831,266 " 3.4 7,157,413 — 32,563,168,918 34,484,352,530 7:549,672,106 7,897,955,239,, 2,564,767 - 56,038,534 1,071,314 —15.8 1,510,450 1,110,043 4.6 7,122,830,570 7,165^112,138 + 15.3 18,075,468 16,406,776 14.8 10,349,261 8,736,701 "+12T9 ll,08~5~946 — + 8,349,056 + 13.9 746,602 655,393 5.8 39,241,971 32,183,000 8.6 49,098,833 45,821,522 4.4 7,333,220,044 7,349,067,831 + — 5,653,581 1.7 10,318,587 2,843,749 1.2 + 8,131,547 43,458,879 2,660,545 • — r 84,223,146 1,835,450 — ' 4,075,777 20,116,929 , 0.6 — 540,106 1,291,504 ' 23,884,984 — •' 3,377,469 0.4 2.0 — ■■ 1.459,206 6.6 — 1 5,116,527 28,813,265 87,097,774 37,931,403 1947 or or Dec. % four years: Dec. % 2,912,354 30,789,714 ; : 35,545,131,527 Inc. Y; 16,286,015 2,942,613 22,625,228 104,310,005 6.5 $ 2,119,431 7,920,188 ■Yv 0.5 1948 ; $ 1,459,515 3,948,555 3.6 Inc. $ 34,298,411,588 2.7 5,988,206 3,135,629 + 1948 $ Week Ended Feb. 5 1946 - 7,662,326 18,333,975 1,962,496,695 i:' 7,401,169 . •;- 1949 or — 9.9 + — month of January and the week ended Fob. 5 for 1947 8.9 — Inc. 223,801,398 7- Newark.— totals District has to or 3.1 + Dec. % 55,014,281 : N.J.—Montclair was Clearings Outside New York 1948 11,480,300 Conn.—Stamford— Total 14 348,727,262 8,022,748 8,102,535 New York: Northern N.J 2,964 766,453 $ $ 8.9 + ; 5,745,758 . — — •; 118,520.000 . :9,-574,683 — : there York— Elmira.'—___ Utlca;— : V 48,480,146 11,748,300 Buffalo--— Syracuse—■_ ■:> ;. 107,372,508 .——50,242,351 _Y-. Y 12,326,000 v.'Rochester:. ;'C 3.4.690,154 —Y.1.114,365,858 Reserve + 8,640,365 : — —26.7 : 3,581,652 7,781,963 7; the Reserve the clearings by months since Jan. 1, 1949 and 1948. 64,915,795,997 — 23,654,542 Jamestown ' 4,579,759 23,783,315 —— District Clearings, Total All Dec. % V 1,912,792,185 9,855,995 N. Yc—Albany.. 1 35,545,131,527 ' 8,576,525 i_Y34,239,811, Binghamton. ■ 66,696,329,329 1949 Month of January Inc. or $ 4,146,908 </ . 5' " 7 ^ Total 14 cities) 77 $ V; 3,901,362 New HaVen.; — Waterbury——— R. I.—Providence ! Federal 1948 20,992,238 "Y„. Springfield:—— Second 64,915,795,997 34,298,411,588 January 19,159.838 .— ,';.j N. H.—Manchester— 'Yf — Worcester:.:. 7I 2,378, 558,845 3,689, 120,558 $ 1,985,388,179 V1, -, 7,223,786 Y -- - Conn.—Hartford 77 /'7.7 1 - New Bedford ';} ,>V '• ;U—ii-: Lowell—: ■ Y" — Holyoke__ ;; 3,406,427,540 City. Months—■ 952 7,811,169 - Fall Rivera. -TY • . Mass.—Boston:. 7,7- " " 183 cities 269 - —u (+7 1,706,888,152 District—Boston— Me.—Bangor •7'. '.7 ' month MONTHLY CLEARINGS 1949 :-7 Federal 1,872 097,776 6,255 984,822 2,594,880,614 2,409,555,408 720 1,381 1,684 Clearings at— First 2,248, 864,867 11 detailed statement showing the figures for each City for the our v . 1,532 1;219 4,156 003,201 3,790 083,861 1,864 655,660 2,879. 928,676 2,859,497,027 5,908,861,563 2,154,745,780 614 1,745 Reserve Inc. 2,319 230,127 32,277 034,483 1,843,515,076 " 388 1,276 1,707 that Chicago Reserve District the totals show a decline of 5.5% in the St. Louis Reserve District of 4>2% and in the Minneapolis Reserve District of 8.8%. In the Dallas Reserve District the totals record an increase of 1.3%, but in the Kansas City Reserve District the totals register a decrease of 12.5% and in the San Francisco Reserve District of 7.7%. y''.y ~y. ,yy y\'.:,y •■y,> 19 ' Detroit For 898 Y 650 498 - of the clearings for a summary Dec. % " Total 859 719 / today January. The Cleveland 1948 16 Dallas ' Cincinnati- 5,121,574,415 In the 2,391,478,296 31,736,268,221 4,038,219,586 3,865,458,734 —15 City. 12th San Francisco 571 551 884 _ 642 961 • ■ 1,341 1,478 915 760 Baltimore 758 1,087 1,184 811 Pittsburgh- Louis " 7 2,517 3,950 San St. 30 Louis 1,385 1,912 3,839 L— 28,943 3,002 3,398 1,985 — . 31,527 33,610 30,617 31,151 „' " " St 11th New " 8 Chicago 8th 1946 " -16 r 9th Minneapolis 1942 " Atlanta 6th 7th 1944 12,287,386,553 5,860,758,230 aggregate of clearings, having been $64,915,the 1948 aggregate $66,696,329,329. In the $ Boston 2d of the last Month of January 1945 12,983,588;B00 -<S> FOR 8 YEARS (000,000 + and Boston 1949 5th Richmond CLEARINGS 1.7 1.7 — of 183,349,164 570,730,803 gain of 2.0%, but the Richmond Reserve District suffers loss of 1.1% and the Atlanta Reserve District of 0.7%. a 18,142 7,526 Month of January— Federal Reserve Districts clearings at leading cities of the month of January in each the ;35,079 N.Y.C. Out. eight years is shown in the subjoined statement: BANK V 51,510,197 of bank the Y 8,874 1st country for ' 1946 No. Shares January course . Tot.27cities 56,041 Total Months— — Other Cities following: -t 462 — 621,927,805 New York Reserve District the totals are smaller by 1.7% and in the Philadelphia Reserve District 269 Paul___ Denver The volume of transactions in share The 795,997 St. Salt Lake C. New 1949 272 482 Milwaukee- & misc. govt._ Total month Buffalo Bonds— Internat'l the 491 584 ' Railroad $ 537 487 Providence- 1.7 + — decrease for the entire body of clearings houses of 1942 509 — 435,126,251 2.4 583,210,077 320,756,495 452,746,840 712,276,414 318,479,350 259,104,423 323,974,962 < 267,255,452 398,017,154 211,540,080 9.2 We also furnish the Omaha 1946 2.7 > Month of January 1946 1947 1'945 1944 532,798,465 826,136,777 5.4 — 260,661,937 ■ i 467.687,960 7,349,067,831 '746,002,234 662,992,703 370,671,770 + 10.8 — 759,980,978 * Louisville- 1947 V 942,199,297 477,818,207 6,807,406,012 i $ Number 8.6 The appended. given below: are + — 529,381,253 City (000,000 results for 8.1 564,832,819 833,427,097 : 14.4 10 FOR New + 348,415,676 . 111 cities N. 2.9 — + 6 Total 7,333,220,044 764,705,772 18 12th San Francisco—. Our usual monthly detailed statement of transactions on City—- 4.4 382,284,252 . • 490,475.202 916,445,674 ' —82.5 772,299,575 . Total all cities' for week— _— Minneapolis 10th All cities, one day 934,444,463. 874,825,198 413,191,562 613,280,886 17.7 $8,764,771,266 2,414,458,225 days + 6 1.5 — 161 091,208 Cleveland 7 th 266 777,049 189,$77,363 5th Richmond 8th Atlanta _U—_ Baltimore—_—f_J 1946 $ 0.1 — 7,897,955,239 • 1947 + 514,807,985 . or Dec. % $ 515,176,493 " Inc. 1948 $ 12 cities New 1949 Districts 2d ! 21.7 + . toy Federal Reserve Districts: summary 1st Boston 5.5 15.9 + Week Ended Feb. 5— 2.8 ' — >224 505,082 :"v. 273,328,109 > furnish we SUMMARY OF BANK CLEARINGS 2.5 — 237 400,000 224,400,000 -/> — 280; 929,904 • following 3.0 + 14.7 706, 000,000 "419 023,784 408,361,168 ._ Kansas City—c_: St. In the + 13.6 + 3.5 ? 44 (740) THE COMMERCIAL FINANCIAL & CHRONICLE Monday, February 14, 1949 " . ! . i, Week Ended Feb. 5 1949 1948 Inc. $ Clearings at— S Dec. 1947 or 1946 1949 1948 1946 1947 Inc.or " < Third Federal Reserve District—Philadelphia— . Bethlehem Chester- _ _ _ Harrisburg _ _ Lancaster- Lebanon 4,237,507 3,258,999 1,333,475 0.7 5,074,358 3,309,908 956,379 6.4 20,062,963 10,472,594 3,423,275 2,742~091 + 23.7 _ York 1 871,000,000 900,000,000 803,000,000 —19.8 12,872,371 10,360,452 2,238,922 2,693,611 2,396,919 1,917,037 4.5 19,671,655 15,692,160 5,050,336 4,493,699 4,425,735 3,422,371 1.7 8,351,488 2,590,442 1,966,679 9,898,895 2,825,516 2,050,592 3,724,821 2,130,849 + 12.1 9,578,195 16,722,012 4,119,765 1,843,430 7.9 1,486,194 1,029,018 + 10.8 4,587,907 5,439,704 9.0 33,363,785 5,895,231 8.4 27,969,532 2.8 3,963,522,931 11,073,038 16,273,528 1,195,332 1,298,125 6,071,442 Hazleton — — 15,645,244 — — 39,488.530 43,397,953 — .29,000,996 Del.—Wilmington 31,644,323 — 4,038,219,589 4,156,003,201 _ N.J.—Trenton i Total (16 cities) 718,000,000 3,499,044 3,711,249 3,261,000,000 + ; 2,~5~93~252 4,831,016 — 1 769,328 2,718*817 + 24.8 3,517,099 10,384,252 DuBois 814,648 3,782,000,000 21,313,074 _ 760.711 941,788 1,009,688 3.7 5,824,236 6,725,533 Wilkes-Barre 1,098,927 2.8 3,299,720 3,950,000,000 __ _ _ $ $ 16,568,752 12,084,648 13,161,978 — 22,271,169 , _ - 1,041,235 1,015,719 1,110,804 — 18.249,094 Reading Scranton Fourth 8.3 0.1 22,970,522 5,463,689 3,737,943 3,839,000,000 12,540,049 _ 1,096,126 Dec. % • 3.6 5,609,258 Philadelphia $ + 4,185,640 4,965,370 4,080,824 Norrfttown $ + 4,879,008 4,931,170 21,508,001 _ 5,054,781 13,149,131 _ \ $ .. 4,531,466 Pa.—Altoona </o — 30,343,255 9,028,462 8,166,186 6,656,345 20,448,000 7,937,787 7,405,705 4,928,264 8,019,047 3,407,121,461 907,480,720 934,444,463 833,427,097 746,002,234 '4 2.9 — Reserve District—Cleveland- Federal 1.6 699,602,036 1,190,271,250 1.5 108,413,500 + 33.6 4,879,243 1,004,942,428 83,903,800 3,873,580 3,607,392 Hamilton- 7,812,270 5,845,777 Lorain—-. 3,888,811 3,382,662 + 15,0 Columbus_. Mansfield. \ + + + 19,484,569 20,837,529 : Youngstown. — 133,470,700 31,346,419 27,103,934 V. Newark 19,247,821 Toledo 71,846,975 o Pa.—Beaver County. 2,621,488 15,645,476 + 10.5 1.0 150,918,926 126,506,619 + 14.9 233,668,354 202,132,635 28,271,300 + 10.4 22,738,700 20,831,800 — / 62,415,364 / "• — 4,558,859 ' + 4,078,552 5,289,612 t V./ 44,124,276 7.5 ',3,786,415 3,127,680 + 32.5 5,026,957 4,558,076 267.948,194 + 22.7 241,563,739 221,974,715 764,705,772 7,143,872 + 14.4 662,992,703 583,210,077 +< ' ' 5.9 3.4 2,192,452 1,561,302 4.3 1,117,436,571 •. . 1,252,237 1,066,763,878 . \ 4 . 1,844,651 2.4 — + 21,941,998 20,185,483 + Oil City 18,470,134 19,619,660 — 35,259,630 32,150,463 + 18,215,150 19,888,884 — 3,865,458,734 3,790,083,861 Total (17 cities). 6,175,678 172,001,645 280,675,640 31,225,000 12,107,406 Erie Ky.—Lexington. W. Va.—Wheeling. , 19,579,598 25,154,513 + 1,246,183,967 ... 13,215,005 17,147,716/ 4 + 2,207,865 1,299,346.690 " 1.0 + 2,534,028 2,155,794 Greensburg. Pittsburgh. 6.9/ , +15.7 , 19,052,184 67,843,220 6,823,714 173,769,653 2,345,265 773,446,631 1,370,778,860 Cleveland 322,608,120 576,164,751 0.9 760,919,442 1,383,131,409 135,530,600 Cincinnati— 20,239,481 25,667,966 + 10.0 26,904,974 32,886,574 Ohio—Canton + , 8.7 17,658,440 8.4 16,994,014 3,355,937,457 2,921,172,933 - 14,779,439 2.0 328.690,9o0 15,719,073 9.7 19,000,771 28,289,451 i 15,069,178 5.9 ; 25,248,887 874,825,198 fifth Federal Reserve District—Richmond— W. Va.—Huntington. 12,150,439 — 48,918,000 49,533,000 — 547,605,546 539,568,702 15,853,610 _ Richmond. _ ... C.—Charleston S. Columbia 33,660,893 D. C.—Washington. 3,988,262 Total (8 cities). — + — 300,050,588 296,546,166 — ' —1,864,655,660 1,843,515,076;; 2,854,543 „ 2,691,838 •1,973,973 2,404,669 39,476,000 33,144,000 11,594,000 10,629,000 9,065,000 7,024,000 1.5 497,592,537 426,534,856 126,084,441 97,323,645 99,254,160 82,397,600 12,086,127 3,153,543 2,810,275 + 18.9 915,416,650 4,028,947 Frederick..— 8.568,075 9,995,846 1.2 15,047,242 + 28,305,559 884,948,117 „ Md .—Baltimore™. 1.6 15,642,460 11,953,797 . Va.—Norfolk - 200,179*640 257,680,198 65,_1_15~054 1.1 1,528,560,749 413,191,562 382,284,252 1.3 189^464~040 172,556~480 "+~ 5?7 67,33(1358 53,994,167 + 8.1 370,671,770 + 6.0 — 3,015,370 3,437,433 282,970,821 1.2 „ 202,801,530 68,844*938 765,866,818 i 836,098,280 'V,. 1.0 3,723,185 . 21,665,305 25,547,478 3.3 3,634,000 • 1,710,1§5,637 320,756,495 - flllxth Federal Reserve District—Atlanta— Tenn.—Knoxville__— « • 87,093,261 76,701,149 Nashviile- . 279,876,885 X —11.9 . — 293,605,916 " : 4.7 57,853,164 17,465,152 +>+ 207,998,368 69,885,105 57,513,680 + 765,000,000 212,500,000 199,000,000 4,133,728 71,350,497 '• 263,810,029 . - ■ -16,474.129 - 17.082,231 14,264,767 • + 21.5 55,073,694 44,280,768 6.8 187,700,000 161,200,000 3,130,107 • ■ (- 978,100,000 Ga.—Atlanta-/-. — 983,600.000 . , •i 18,716,171 '•/ 16,461,911 18,217,705 + 17,957,018 — • Augusta—. 15,060,453 14,397,433 •+ 372,377,017 29,706,501 389,126,723 Columbus— Macon fla.—Jacksonville-.;, Tampa__—_. > Ala.—Birmingham 438.086,227. + +• 414,420,908 • ' Mobile— 32,006,491 . J + 17,447,499 13,626,810 3.623,980 + 14.1 3^56,990 8.3 14,920,993 11,663.535 4.6 12,621,080 3,653:935 3,369,448 + 8.4 3,589,836 4.3 350,438,940 9,463,733 308,044,394 19,133,944 82,968,752 82,581,616 + 0.5 74.326.275 289,966,877 86,861,311 84,322,432 + 3.0 77.240,764 63,855,456 6,596,094 6,540,139 + 0.9 6,106,440 5,196,268 2.7 ' 28,107,302 0.5 '"r>" 5.7 372,612,047 • . - 16,030,543 16,357,672 16,281,000 16,450,000 43,490,832 35,934,897 5,770,206 6,112,808 — 14,372,033 20,728,946 10,588,729 — 1.0 16,450,000 14,702,000 30,009,958 26,217,699 5,461,287 4,369,318 1,674,127 1,486,503 451,464 383,534 489,501,941 447.517,861 123,765,345 111,023,861 + 16.0 2,638,631,785 2,208,362,081 613,280,886 564,832,819 + 25,854,052 r •' - ' ' ...„ ' Jackson ^ Meridian—— Vicksburg. -*■ , — 1;932,675 Total (16 Seventh + 21.0 > 1,977,638 522,227,932 523,110,709 — 2,859,497,027 2,879,928,676 — La.—New Orleans cities) Federal Reserve 5.6 6.230,248 + V 6,242,986 1,707,699,912 1,745,777,806 Flint— 15,595,591 17,260,801 Grand Rapids— Jackson 44,790,355 48,273,954 6,714,530 6,600,265 Lansing Muskegon Bay City. 23,812,872 25,127,849 — 11,460,123 11,733,635 — 7,427,890 7,276,900 25,119,788 27,654,176 49,065,000 46,672,296 Detroit Ind.—Ft. Wayne- Gary—. 0.2 , 0.7 — — — 0.2 5,282,397 2.2 1,416,438,660 15,234.081 + 7.2 38,920,021 6,215,551 5.2 26,311,934 9.392,644 2.3 2.1 5,869,041 9.2 21,464.413 + 5.1 36,909,241 -- 241,630,942 26,854,498 + 7.2 7.7 16,229.405 + 5.0 222,199,232 5.4 3,744,901 7,073,965 .1,259,598 2,603,011 3,988,482 —34.7 17,249,066 —10.5 141,566,978 —13.4 72,137,030 —19.0 15,430,453 / 122,636,726 58,440,167 Ames— 2,292.506 5,899,958 - 4,571,830 - - - + 2,230,194 6,323,494 . 5.2 ' — 6,191,868 —27.7 - — 8.1 13,426,509 + "IT- • 1,531,626 509,518,778 : 11,932,887 9,194,060 3,997,847 4,911,214 4,043,722 7,790,885 3,172,118 3,284,873 3,441,505 3,071,457 2,507,732 942,199,297 2.7 326,136,777 712,276,414 >:/ / + 1.4 240,400,000 176,300,000 + 26.1 111,897,080 85,633,380 81,197,301 55,301,383; 80,640,667 5,248,384 1,728,532 1,909*711 1,561,206,449 529,381,253 477,813,207 — 4.2 1,961,152,510 946,532 (16 cities). 1,6~31~870 + 10.8 < ; 1,244~58T 435,126,251 318,479,350 20.484.377 5,128,391 5,336,160 4,802,237 4,178,4931 243,163,552 261.657,384 178.478,547 190,136,463 + 10.7 333,441,176 78,795,371 80,430,977 66.430,977 51,807/2? 1.6 875,697,062 3,379,525 244,657,735 3,929,288 2,781,631 6,006,108 6,269,782 4,650,366 3,061,579 2,695,318 3,098,304 —13.0 2,558,829 1,518,409 — +18.0 941,208 692.946 —12.5 27,633,368 2,659,000 + 65.9 3,789,000 19,238,579 3,189,000 3,847,619 14,774,118 925,643 ^ 5,175,239 —21.1 16,073,072 —11.1 30,171,063 3,789,642 —15.5 ; , 14,336,524 15,424,014 J3,213,805 ; 21.5. 23,396,752 14,296,876 ; + 1,005,899,857 4,235,685 31,772,377 /. 3,180,590 a. 278,000,000 —11.8 5,563,038 4,183,432* 4,085,843 Lewistown. //,, > 0.5 — 25,488,294 • — —11.4 397,097,696 1,091,944 Great Falls. 9,828,990 117,267,829 , 491,211,303 377,590,482 1,436,040 7,593,660 4,410,000 Mont.—Billings 2,154,300 12,641,215 33,506,760 ' 27,800,953 / 563,781,862 2,646,249 ' 3,687,756 Huron— 1,127,844 635.757,974 3,463,020 97,982,193 —14.3 1,276,748,255 6,156,186 S. D.—Aberdeen 883,524 1,306,943 717,790,911 1,989,137 » 147,870,528 3.3 —17.1 1,892,120 390,768,264 Minot •' 1,039,661 705,619,838 3,672,828 2,622.871,906 .10,580,207 269,135,691 1,376,773 5.2 1 24,931,873 1,130,837,291 ~ / 231,800,000 + 2,248,864,867 2,154,745,780 Ninth Federal Reserve District—MinneapolisMinn.—Duluth 24,805,583 J 10,508,568 878.334,632 7,824,256 1,127,207 398,589,747 — 8,625,680 7,393,555 Winona 2,561,065 19,784,698 9,034,954 9,741,477 ' Minneapolis 3,120,676 24,945,940 14,528,509 1,072,202,775 7.0 —13.1,. 430,216,675 1,568,272 Rochester 3,931,097 29,190,521 9.3 + 537,319,815 444,466,205 (7 cities). 18,287,781 13,582,221 • 3,140,350 13,241,923 6.4 — Quincy.. ' 42,889*948 28,454,263 916,445,674 11,720,998 1,762,974 111.—Jacksonville t 54,504^751 3,985,724 13,333,563 43,945,998 3.9 8.0 1,444,725 4,928,581 3,002,207,434 ' 65^237^795 59,987/793 4,596,245,644 1,257,326.605 , 3,967,403 t 1,557,381 12,806,946 Independence Ky.—Louisville 8,072.399 t —22.5 , " Tenn.—Memphis—. 6,452,830 5,367,117,662 — 1,177,460,398 —— 3,557*241 37,Vl4~000 5.5 1,949,030 6,255,984,822 Louis— Mo.—St Louis 5,116,110 50.901~000 —17.4 1,610,595 Eighth Federal Reserve District—St. 7,059~742 5+518~000 10,249,767 1,200,654 — 16,448,059 5,908,861,563 cities). ; 4,390,986 ' - —11.4 21,184,784 15,299,334 - 1,710,054 . —15.1 52,797,979 22,009,721 Springfield Sterling. 3,660,824 1,068,602 56,977,440 2.8 46,773,226 . 6,728,654 4,916^25 7,530,573 11,788,512 92,986,215 37,947,727 122,105,442 ■/./ 4.7 3,398.633,498 15,806,453 .3,122,801,007 : Rockford Total + — k • 111.—Aurora Helena — ■ ' Bloomington Chicago 8,214,540 532,434 2,424,509 Manitowoc.. ! 913,587 6,542,793 3,346,040 15,890,230 1,362,492 8,041,835 1,436,824 Sioux Falls 1,466,776 3,015,682 7.7 5,022,504 8,657,933 Sioux City 6 t2,460,491 13,260,098 199,565,678 4,748.982 Fergus Falls N. D.—Fargo Grand Forks. 452,746,840 . 5,472,791 t + 269,721,399 Paul 532,798,465 96,175,286 . - 56,013^000 16,732,194 t 17,056,910 Oshkosh St. • 107,609.601 8.6 10,241*358 5,*6*0*7*048 16.282,417 211,128,644 21,180,783 t Watertown Total 354,790 412,634 - —22.1 1,660,531 9,893,941 161,071,703 Sheboygan Cape Girardeau 17.7 30,782,261 1.6 + — 18,370,289 Iowa—Cedar Rapids.. 1,293,646 5,618,026 18,895,821 7,915,677 5,263,673 256.826,464 (31 • — 31,283,289 1.7 28,790,593 Milwaukee Total ' • + " til,897,942 Wis.—Madison—. Peoria. '■ 10,310,788 + South Bend Decatur ' - 4,014,132 1,219.322,061 9.6 245,485.785 Indianapolis Terre Haute V- ^ 2.3 District—Chicago- Mich.—Ann Arbor— Des Moines 2,267,939 62,015,459 *' 2.0 —10.4 * " Montgomery— Miss.—Hattlesburg—„_ 924,000,000 ■; ' 28,677,525 5 — 29,559,497 0.6 13,976,471- ■.* 42,203,4061,403,555 ) 41,368,880 1,359,363 1,706,888,152 ... ' 1,872,097,776 - u... —16.1 26,430,488 3,000.157 7.1 13,055,599 5.5 11.649,339 — — — — — 2,859,365 9,992,093 16,093,258 2,229,884 9,001,585 9,771,633 2,992,359 2.0 36,745,223 1,144,067 27.235.378 ,776,463 9,634,577 3.1 8.8 1,513,912,944 1,248,080,514 348,415,076 368,317,495 2.7 . 7.729*492 5.4 267.255,452 2,425,837 2,605,004 *+"l4~0 — 3,074,149 8,450*739 — . 5,976*515 259,104,423 -i'*; Av. jt-r Volume 169 Number 4777 THE Clearings at— 1949 COMMERCIAL Month of January Inc. or 1948 $ Federal Reserve District—Kansas 2,177,285 1947 Dec. % 2,300,437 — — 2,292,459 2, 290,543 51.382,736 St. Joseph-—*-.— 53,427,307 Wichita _ Twelfth (11 Federal 9, 913,024 _ 208,310,509 7,691,349 1,652,318 7,613,341 7,589,648 9.3 1,922,103 410,744,914 1,944,211 334,715,734 '7.2 7,157,940 5,919,587 1,661/734 1,708,069 2,964,766,453 2,463,167,781 1,946,142,595 429,468,641 473,161,849 —12.5 29,730,072 + >• 2.2 + 9.2 13,827,815 840,683,591 704,673,560 81,430,183 111,959,367 9.6 — 23,235,000 + 6,308,390 + 4,623,279 398,017,154 323,974,962 District—Sa>n 4,920,617 1 —To"o 19,8897m 2.2 15,0407431 4,596,000 3,848,000 19,562,391 21,729,958 17,187,000 5,725,000 5,600,000 + 3,395,903 2,933^944 + 15.7 2,579,798 ~+1O75 7,9487942 6,7~50~860 1.7 211,540,080 183,349,164 3.9 91,852,039 3,374,891 88,754,153 3,247,512 ( 4,992,258 9,704,656 3,565,887 31,193,111 9,013,937 8,16(1653 1,818,377,486 1,523,705,005 265,032,540 260,661,937 1.3 —26.6 + 14,860,347 252,744,868 71.882,887 • 6,862,000 4,757,000 344,708,357 10,261,021 129,646,533 136,956,630 5.3 87,022,467 72,129,757 4.4 195,410,772 153,437,880 56,413,896 4.9 49,236,279 + 14.6 63,692,279 46,205,430 38,883,404 30,305,086 28,093,819 26,373.948 14,195,512 17.399,904 43,090.803 37,712,939 13,539,958 12,005,549 + 12.8 5.8 16,293,636 34,808,121 11,848,085 8,698,817 8,319,022 0.4 10,328,424 8,581,191 + 20.4 —19.7 40,209,271 11,424,927 9,557,068 8,602,298 7,740,889 6,929,173 9.1 1,628,718,793 1,478,643,389 393,083,491 409,666,587 3.8 48,076,918 34,793,181 11,659,935 10,794,381 342,965,395 — 48,027,253 18,439.461 — — 20,143,232 37,623,935 3,689,120,558 66,696,329,329 J 30,011,946 — ——.C- ' , 17,122,657 13.769,204 4,346,735 27,472,107 6,945,959 + 8.0 364,774,737 9,892,906 + 2.3 3,383,095 —18.1 8,477,894 7.7 3,073,570,351 2,656,090,143 741,459,275 2.7 :— 62,775,139,978 60,278,238,961 14,103,830,024 14,341,170,293 26,668,231,983 6,807,406,012 2,963,578 6,304,560 6,305,854 6,690,674,964 3.5 — 31,247,446,877 ; 4.0 — 4,246,939 33,403,720 - 35,545,131,527 •' 7.3 — 64,915,795,997 .V 8.5 — 3,406,427,540 34,298,411,588 0.3 — 1,853,505,698 34,886,801 0.8 + _ 10,717,732 — 9,178,361 Barbara *•' 427,730,336 —16.6 18,736,174 46,224,126 — 3,410,636 • + 10.4 36,044,902 1,685,427,431 116,604,892 3,438,003 'V. 9.8 46,326,696 i;* 112,056,341 :+r" —28.1 — 17,652,966 Stockton 13,272,466 — 40,030,989 — 16,758,311 — 26,093,589 51,149,891 Modesto— Pasadena 15,251,493 —11.7 75,581,090 30,076,411 26.010,284 Berkeley Long Beach 389,421,369 16,966,250 + 17.8 241,628,020 759,980,978 in totals. tNot 621,927,805 570,730,803 1.7 12,983,588,800 12,287,386,553 1.7 5,860,758,230 5,121,574,415 — + available. Statement of Condition of the 12 Federal Reserve Banks Combined (In thousands of dollars) including Assets— $ ' Gold certificates.: .Redemption fund notes Total gold ctf. for F. S. reserves 23,041,810 357,061 — Govt, 251,155 804 13,345 Notes 1,343,309 + 4,843 + — .45,922 — 50 + 66,915 6,568,269 ; + 178,350 389,550 „ Bonds NOTICES ; 10,105,125 — .Total, U.. S. Qovt, securities. Total Due from :F. R. • loans Bank Other securities— 22,349,985 of other Valley RR., 22,601,944 Date 1st & ref. mtge. 4V2s, due class A and B stock 141,054 2,332,329 601 ——Mar 18 603 sinking fund bds., due 1953_Feb 24 Hotel Drake Corp., 1st mtge. 5% income bds., due 1953_Feb 24 Lackawanna Laundry Co., Inc.— '1st (closed) .mortgage 6J/a% bondsj..——-Mar 1 * & (R.) Co., Hotel Drake Inc., class Inc., B and inc. 2,221.936 —1,204,950 Atlanta Date Gas Light Co., 1st mortgage 3s, Carolina, Clinchfield & Ohio Ry.— 1st mortgage 4s, series A, due 1965 + 4,697,147 Connecticut River 1,532,730 1,204,149 + — : 8,259 — 164,338 +' 290,367 + assets 48,670,846 • ' ' 3 46 12,486 234,596 — 658 — 5.362 24,288 + 218,077 — +2,353,775 ^Liabilities— Power 3%s, mortgage Cleveland Union Federal Reserve notes Deposits: .Member bank—reserve S., . ' Treasurer — 23,558,722 acct. 19,596^912 acct. gen. 1,430.430 718,226 A. Terminals Equitable Gas Co., Firemen's :Other 457,415 „— + 6% Total deposits--.....—.... 22,202,9(83 Deferred availability items Other liab., incl. 1st accrued 2,098,274 divs. 10,802 + + liabilities 4,976 — 211,2i0 + 87 47,870,781 — + capital Co. collateral of •. serves, note " gold to 202,991 466,711 — — .Contingent 102,820 48,670,846 purchased for respondents Commitments to F. on foreign trial loans 224,964 francs 3 3 497 1973. due 1 —Mar 1 497 16 205 Government bonds increased $33,000,000 in the Boston District, $27,000,000 in the Chicago District, and $60,000,000 at all reporting member banks. Demand deposits adjusted decreased in all districts, the principal decreases being $228,000,000 in New York City, $156,000,000 in the Chicago District, $59,000,000 in the Cleveland District, and $46,000,000 each in the Kansas City and Dallas Districts. United States Government de¬ posits increased in all districts. Demand deposits cred¬ ited to domestic banks decreased $47,000,000 in the Kan¬ sas City District, $39,000,000 in the Dallas District, and $164,000,000 at all reporting member banks. Borrowings decreased $102,000,000 in New York City, $44,000,000 in the Chicago District, and $131,000,000 at all reporting member banks. A summary of the assets and member banks follows: 3,757 1st due 1961 1 .606 Mar 1 537 Mar bonds, 1965 1 607 :— Assets- Loans +2,270,531 Kline 3%%-4% ISSUE bds., 4>/4% mortgage Brothers Co., ser. bonds, 5% 607 1952 and Co.— series Loans U. 1 - 599 due 1961 notes, due — 26 1,892 — 24 2,031 15,318 Mar 28 600 1954_Feb 15 1 ,112226 Jun 1 §1591 1 606 brokers — 63 593 agricultural S. Government securities Real dealers for pur¬ obligations 859 S. + 234 Ohio + 5,832 + 18,522 + 6*653 + 58,890 218,077 bonds, Power Pacific "4V2% Co., Outdoor Bank Shawmut and Tennessee due 6% 1949-1964 debenture Advertising Investment 5% bonds, Co., 6% due debs., 2024 due 1958_Mar debentures, due 5s, due tVol. 0.3% cor¬ 3,356 24 693 indus¬ 1,736 .69 1 Treasury certificates of indebtedness 608 Anytime 166. §VoI. 167. flVol. II1260 168. 5,458 Condition Statement of Member Banks The condition statement banks shows of the Federal the Calls and Sinking Funds Notices of weekly reporting member Reserve System in leading cities following 2: principal changes for the week Decreases of $330,000,000 in reserve bal¬ ances^with ?;Federal Reserve —- 1,037 Banks 23 9 24,890 + + 143 + 4,184 Mar •• + 33,268 * Treasury notes 1952 1951 issue. 5 3,918 securities—total U. S.bonds Reserve in with Federal Reserve vault Banks 49 demand deposits adjusted, and an in United States Government deposits. + + — 14 541 13 ;368 4,042 481 1,946 1,678 60 — 13 — 330 726 46 126 + + 77 119 3(829 t 28 1,945 — 4 — 216 Liabilities— Demand Time deposits adjusted deposits, except Government U. Government S. 46,945 — Domestic 720 15,045 deposits Interbank demand deposits: — 21 + 413 + 1,561 338 + 685 — 636 II banks 8,631 Foreign banks Borrowings interbank during 164 1,500 31 + 160 279 — and week 1,278 + 131 + 37 and $720,000,000 in increase of $338,000,000 — — 630 — 3 2,011 .... — — 157 14,380 i, 1 25 + +.+ 1,987 5,354 Cash 0.1% bills U. S. Govt, accounts, 22,030 _ Commercial, Below will be found a list of corporate bonds, notes, preferred and common stocks called for V loans Government +2,353,775 In this V:-': 4,079 258 Treasury bills Coal, Iron & RR. Co.— mortgage S. +. y 477 loans banks Balances with domestic banks...... 50.4% — Other U. Trust— + 19 + 186 securities estate Loans to 31 — 438 * for purchasing or carrying: Government obligations Other Quebec— and carrying: or loans U. 378 Apr to Other Other 2,178 25,244 chasing > A, fund 1957^Mar Page t2410 1948 156 — 25,533 and loans 1 Feb. 4, 1949 62,696 Loans—grosst CALLED due A, sinking Cooperative Federee de 1 Date Telephone Investments—total Commercial, Industrial, debs., series A, due 2024—July Co., Ltd.— Independent Jan. 26, (in millions of dollars) and Loans—net Apr or 'Dec. (—) Since Feb. 2, 1949 due 5% Converters mtge. Citizens liabilities of reporting Inc. (+) Mar 4% Company and Issue— Appalachian Power Co., 6% Canadian ended Feb. . trust 1 1 R. — make 3 Vis, —Apr re- combined liability Apr 1969_Mar $23,000,000. Holdings of Treasury bills decreased $32,000,000 in the Chicago District outside of Chicago, $31,000,000 in the Kansas City District, and $49,000,000 at all reporting member banks, and increased $33,000,000 in New York City. Holdings of Treasury certificates of indebtedness decreased $87,000,000 in New York City and $157,000,000 at all reporting member banks. Holdings of United States Seattle— ENTIRE 134,774 27,543 accts. deposit and 112320 $63,000,000 at all reporting member banks. . certificate liabilities 376 1 Tramway, Light & Power Co., Ltd.— 50-year mortgage, bonds and obligations de cinq ♦Announcement of 15 due Newark, N. J., $4 pfd. stk._Feb Ry.— 3%% bonds, mortgage General Ratio Feb and Loans to banks increased Terminal 2 %-3 V2 % accounts.. Total liabilities & cap. 1961 bonds, series A 44,845 3,034,688 v Capital paid in_^__ -Surplus (Section 7) Surplus (Section 13b)__— Other due 41/is, series D, due 1962—Mar 1st mortgage Insurance Cc., cents La Capital Accounts— 375 trict, 276,157 1st Total 486 1 de Janeiro 5% 243,825 13,105 14,156 * ' a — " + 2,559,551 146.533 + — 1 Co.— Building Corp. ol debentures, due 1962 Pittston 625,626 — 114,296 — Page Mar Co.— series ;lst mortgage 5'/2% Rio T Foreign ' 18,817 — 1963 Mar 1st mortgage 5% gold bonds, series B Empire District Electric Co., 1st mtge. 3'/2s, Richmond . due Chicago & Western Indiana RR.— 88,664 + 603 604 PARTIAL REDEMPTION 1,956 —4,181,403 + + 32,261 ... assets 598 Corp.— 5% mtge. Paramount ; stock——— 85,929 — Page 12 28 Co., 134,636 + 49 banks.— items.—: premises Total TENDER Feb Brewing 1st and refunding mortgage foreign banks. Notes Uncollected ,• and OF 326.625 — — + 24,700 — provisions. 1961_Apr 1st 7 fund Company and Issue— 5,287,041 Certificates . 135 — — 66,952 — sinking Company and Issue— Aroostook 1st 135 -r- under ing tenders, and the page number gives the location in current volume (except where indicated) in which the details were given in the "Chronicle." Hoe 1,410,261 called the Cooper $ + securities: Bills ; 77177 623,379 Discounts and advances Industrial loanS— U. 1948 R. „_ | Other cash Feb. 11, 22,418,431 * j. Feb. 2, 1949 those The date indicates the redemption or last date for mak¬ Increase ( + ) or decrease (—) since Feb. 9, 1949 - 8,811,273 2.4 — •Estimated. included 2.099,538 4,326,562 444,871,731 24,028,878 671,549,320 Calif.—Bakersfield 5,021,457 3.7 —13.4 — 10,680,680 Ariz.—Phoenix tNot „ 4,151,479 10,669,610 3,979,635 16,656,329 605,468.289 Outside New York 5,143,335 150,4677000 35,022,210 + 8,633,000 -a.-, (183 cities). 6,616,169 16979107000 0.9 + 6,699,579 480,231,470 ; 28,310,514 Lake City__ (19 cities). —12.1 ~+~2~8 Francisco— 14,425.353 Francisco— 7,146,382 215,091,000 + 12.4 2,378,558,845 462,410,459 ; 6,282,992 221,052,317 74,682,501 + 16.5 4,582,427 7,624,000 Jose——' 1,4757707 9.2 — 581,853,946 ; ■ ' 39,145,356 2,409,555,408 , San 1,5257487 20,176,000 3.6 " San 1,683,271 685,836,631 + 15.0 14,573,658 22,435,621 96,093,037 3.6 43,987,389 Riverside 1.1 64,044,858 26,631,470 3.0 + 925,659,368 -. Portland— 4,368,640 9,224,346 —~~2~7 — 9,247,432 0.7 — 26,729,000 _ Reserve 1,915,371 + 16.7 — — 959,202,009 6,537,367 16.980,404 cities) Grand total 10,042,744 . Utah—Ogden_—, Total —16.1 104,904,056 Ore.—Eugene Santa 11,443,828 8, 986,443 452, 765,900 101,191,897 Ida.—Boise Salt 260,606,334 9,597,937 . Yakima— , —~~7~8 17,254,121 Wash.—Bellingham— Seattle i'_ ■ 306,221~006 + 63,298,017 La.—■Shreveport Total 282,229~686 35,036,621 108,072,321 _ __ 1,042,813,458 — 1,101,207,030 _ __ Texarkana 1,305,209,697 2,146,548^ 79,062,414 18,833,850 _ Falls 10,567,744 49,655,441 1,093.026,384 .. Arthur —23.4 5.8 • _ HoustonPort 5,636,861 12,718,831 4.3 .• 30,371,508 _ —— Galveston 0.3 9,739,943 5,530,988 District—Dallas- _ .. 5,764,096 38,091,819 7,445,785 8.8 2,594,880,614 Reserve 5,780,318 50,748,598 + 10,486.230 Total' (15 cities) Beaumont.. 11,545,907 9.8 — + 9,204,057 Worth 101,226,440 2, 573,849 Pueblo__ Ft. —10.6 280,259 445,599 4,653,277 85,872,958 1.234.104 139, 754,567 410,627,224 Denver. Paso__ 124,565,085 559,178 1.515.103 1,522,523 2.683,294 Colo.—Colorado.,Springs. El 111,401,637 2,257,470 26,483,061 147,848,220 ... — Dallas— 5,664,083 —14.4 58, 552,844 Carthage Okla.—Tulsa $ 505,012 —20.1 3.4 + —11.3 6, 269,024 1,577 ,127,429 _ —23.4 9.0 + 56, ,983,731 5,562,105 1,350,778,451 0.1 + 1, 999,603 28 ,969,458 ^ T Texas—Austin 670,488 7,578,553 —25.7 1,486.729 Wichita Federal 513,826 21,359,268 374,336,353 547,682 45 194G ' 6,055,272 28,987,387 482,383,340 31,582,841 ; ; ' /■'•:;$ 566,185 —12.9 -. 1947 Dec. % 1,240,617 —16.6 Kansas City— Eleventh 1,749,322 31, 721,358 ^ Mo.—Joplin 7.8 — Week Ended Feb. 5 Inc. or 1948 $ 584, 498,243 —! Topeka—— 1949 27,624,544 , Kans.-—Manhattan (741) $ 487,717,132 ._ Omaha Parsons 1946 $ 1 Lincoln CHRONICLE City Neb.—Fremont Hastings-,™..— FINANCIAL • " Tenth & redemption, industrial, and agricultural loans de¬ creased $27,000,000 in New York City, $17,000,000 in the Chicago District, $10,000,000 in the San Francisco Dis¬ tBeginning i.e., before June 30, deduction ously reported. 1948, of individual loan items valuation reserves, are instead Year-ago figures have been adjusted reported of net to a as gross gross, previ¬ basis. 46 COMMERCIAL THE (742) Monday, February 14, 1949. CHRONICLE FINANCIAL & Foreign Exchange Rates EXCHANGE FOREIGN — • FEB. - , y / , Buying Noon . Unit Country and Monetary ' ' ■ . . • . . . y - Argentina, peso-r- ; . ; ; "regular* products f - "non-regular" products-- For pound Australia . industrial products For certain Belgium franc • Brazil, cruzeiro Closed - 3.212313 .022848 ,054406 —~ v_ ' , _______________ _ •; ^ ' .2000001-' 3.212133 * .297733* .251247* General 6% .022846 .054406 1.000000 .925546 1.000000 .924218 V 1.000000 .923750 .301166 .301166 .301166 .020060 .020060 .020060 .208535 4.031484 .208535 4.031484 Advertising preferred Paint Free - 1.000000 .926171 y — - Ceylon" rupee""--"-----!--Czechoslovakia, koruna .208535 4.031484 — - $1.50 England, pound sterling — - Closed (quar.) General Products A t50c B tdOc preferred General General Steel Utilities Steel General Waterworks Si Gilbert Gliaden Bennett State Free .003136* - — ________ Netherlands, guilder '■>' .301678 .145045 .376400 India, Dominion of, rupee— Mexico, peso - i.oooooo Free—-"--1 New Zealand, pound - - — Portugal, escudo .496750 — .040328 1 - straits Settlement, dollar— Sweden, krona. ' .201580 —. Philippine Islands, pese_; —- Union of South Africa; - — —- pound— — — - Uruguay! peso i —— —1—— Uruguay, peso •Nominal — ' .201580 .496760 ' .040323 .470833 .278228 .233629 Co., com. (quar.)_ preferred (quar.)_: .G58300*t .588223*t .561799*t .531909*t Warehouse Union preferred Common Coal Bay Ltd Co., Western & DIVIDENDS Name of Company. (L. A.) Darling «fe Doere J37J/ac 1 2- 1 2- 1 25c Dennison Distillers Class deposit Co., common Cup 2-15 1-24 3-23 3- .$4 2-21 2-15 3-21 2-15 4- 1 $$5 (increased); $5 common. 2-19 2- 2-15 22- 7 37)ac 3- 1 75c 3- 1 75c 9- 25c 3-30 6-30 Alabastine of Canada, 3- 1 2- 1 3- 1 2- 1 6- 1 9- 1 12- 1 5- 1 8- 1 11- 1 1 3-10 3- 1 2-15 3- 1 2-15 3- 1 preferred Co., 2-13 .3- 1 1 1-28 2-15 2-15 2- 35c __ 50c —— 1' "4- 1 Clns# < A ;. Class < B Durham Class East 7% preferred preferred Eastern A (quar.)—-. Massachusetts "s —— 8 2-18 2- 8 6% prior 1-27 6% prior 6% prior 2- $.1 — 2-15 3-10 —; _— ___________ •• 2- 1 3- 1 3- 1 2-11 1 - 1 6- 1 __. 9-15 9- 1 12-15 12- 1 Franklin Franklin .09 2-28 2-15 .10 .10 2-28 2-15 __ .09 2-28 2-15 .09 .08 2-28 2-28 2-15 __ .10 .10 2-28 2-15 Bond .03 .03 2-28 2-15 Railroad Equipment .08 .08 2-28 2-15 Railroad Stock .09 .09 2-28 .08 2-28 .06 2-28 .12 Bond Co. .09 Priced Merchandising .09 !— .08 Petroleum .08 Steel Tobacco Hajoca .03 Corp. Hamilton Watch 2-15 2-15 ; 2-28 . 2-13 !, 2-15 '75c 3- 1 2-l*v 25c 3- 1 3- 1 2-15 25c $1 (quar.) Ltd. Co., convertible 2-15 122tic 3-15 3-15 1 (quar.) Cotton, • .03 __ (quar.l Stores Bros. Hamilton 4%" __ .06 ■ utilities Hale .01 .09 — Machinery Mining .(quar.) (quar.) common preferred . 2-10 2-24. 2-24■ Hancock Oil California, of Co. 2-15 50c ', ;"3- 1 25c 3-1 (quar.) v*" cl.'.:A ;__ Extra- 2-15 " Class (quar.) B Hanna 6% Refractories;-..command... l/40th of Chemical Harshaw Electric Havana 6% 75c Co., Ltd (quar.) 2-16 1-31 2-15* .2-25 30c 1 .••4- Powder Co., 5% preferrod (quar.)$1.25 Products, 6^~ pfd; B'.--(quar.) ■ 30c Steel 2-18 2-15 25c I__ Co. Hazel-Atlas Glass 2-1$.. 3- I • - 3-1 3- 1. 3- 1 25c (accum.) Pineapple Hawaiian 3-15 V Utilities Co. Si preferred 1st ' ., , 3-u* : 2- 4 2-15 3-' 1 2-15 common^i sVAe*-'2-15,.-: 'V Hershey Chocolate; Corp;;1 : $4 convertible preferred (quar.) $1 — - , 1-25 1-25 2-15 2-15 1-25 .3-15 2-17 ■ Extra I _______ . ^ Hewitt-Robins, -$1' 25c (quar.) Inc. Hilton Hires 4% Hotels Corp., preferred (quar. conv. , t 2-18- •, 25c '';'l 3- 1 50c -'3- 1 (quar.)_^_ common 2-26 3-10 3-.I; Heywood-WakefieldCo.com. (reduced quar.) .50c 5% prefered B (quar.)___— ...v.31c 2-15 2- 1 6 .*• 2-10 3- 1 15c 50c (quar.)_;;i___— Inc. Bakeries, 4- i .44-20 -40e (quar.)__^ preferred convertible Hathaway -' 3-1; ■ 2Va% .(quar.) common 2-ld " . (quar.) Co. Company,.*, Hart-Carter 50c 1 -. . 2-15; 3- 2 .$1.50 (stock dividend)— ' *-share for each -share- held__ Plywood Corp. 2-15 1 3- $1.06)4 (quar.)_____ (quar.) preferied $2 25c $4.25 pfd. Ar) Co., (M. 2-15 '3- 1 50c .—;; Harbison-Walker. 2-11 2-11 ' 2-11 —_— 4% 2-18 2-18 Trailer 2 4-15 Gabriel 1 7-15 Ganiewcll $1.50 11- 1 10-14 Gar Associates, $5 pfd. (accum.) Manufacturing Co., new com. (initial) Wood 4Vs% $l>75 4; 1 4-1 3- *15c $1.25 1 2-21 3- 4 .3. 4 2-15 1-24 50c 2-25 2- *25c 3-15 2-15 8 -General General 5%- — (reduced)——— Co.— — common, Company r 75c 50c —i— preferred America Corp. Builders Supply, Cigar (accum.)— (quar.)__.— preferred Co., common preferred (quar.) — (reduced) (quar.) — common — 2-4 4-152-17 2-15 3-31 2- 7 1-15 - 'v. 3- 1 3- 1 $1-'" -3- ly 15c 2-15 -:5c 2-15 2-15 3-1 3-16 2- 1 2-15 3- 7 31(4c 3-31 3-15 3- 1 3-15 2-142-14 25c / commoa (quar.) $4.25 preferred (quar.)___ $4.50 - conv. preferred (Geo.'A.) Hormel New " 2-15 2-16 2-16 1-31 2-5 H.12V2 75c 10c r$1.75 ' ' - - class A; (quar.) non-cum. Hooker Electrochemical Co., 25c 2-18 3- 1., $15 common, (quar.) A 30c -'$1.06)4 $1.12,/2 par (initial). at the * 2- 2 2-25 3-29 3- 2 ; 3-29 l/10th of rate for common each of. oki a 62'/2c V : in — exchange for the no par)old common, new - 3- - share 4 " V - - ' tive on ment 6% Horn - 5% for preferred & •. Howard 4)4% to-become--effec-" ( the (quar.) (N. Y.)— Corp. common (quar.) ; • ; 2-15 ■'i •» 1-20 • ' (quar.) preferred /■ " $1,50 i $1.25 " ' Lighting & Power Co._ Stores ? « " ' The equivalent pay¬ old common is 68%c. (, i , 27. Hardart Co. preferred Houston expected is Jan. v -.-- -,1. • - - 4,1-29 '■>; W.' —' ' •>' ? -- of share held. 2-15 . . Split-up 2 & Co.— The above new common willibe issued y- Industries—, conv. & Co., Inc. (Henry) $1 • 2-15 ...2 (quar.) (reduced) J_— (quar.) Co. $^15 10c 60c Franklin) (quarl')__'__2_—— (quar.) cori-Vertible General 7% Steel Co.; Holt 2-15 2-8 3- 3lY<c (quar.) pfd. 1 2-15 20c Company__ E.) (Charles Holyoke Street Railway, * Co._ (See Simon preferred 5- $1.50 Insurance Simon 8- ' * Sixth 3-15 6-15 9-15 4-1 7- 1 10-1 (s-a)-___—:—-—$2.50 & Company Freeport Sulphur Co. Fruehauf (quar.) preferred West Life $1.50 (quar.) 2-15 .09 • Co.— non-cum. $1.50 • 3- 3-15 6-15 $1.50 (q*uar.)__ Ltd., class A 2-1 2-10 2-11 . 37'/2C 37'/2C 37y2C (quar.) (quar.) Fownes Bros. • $1.50 Eastern Sugar 2-15 2-28 Low 2-15* 2-15* 2-15 2-19 3- 1 2-15 25c 12%c " ; preferred preferred preferred Four-Twelve 2-11 $1.75 $1.50 • - • 3- 4 3- 4 3- 4- 125c 125c 125c 1 Corp. Investment Foundation 2-18 $1.50 $1.50 (Maryland)—$7 preferred A (accum.)— $6 preferred B (accum.) Paper Co., • Foster-Wheeler $5 Eastern States Corp. Eddy 1 45c — B (accum.) 6% "preferred B (accum.) 6% preferred B( accum.)__— Eaton & 2- Ry.— Products, Ltd. Foster 1-31 2-18 2-28 .12 Hercules - 2-15 .10 Bond "Hercules Bridge Works (quar.)_„ Kleiser Co. (quar.) Pitt 2-15 3- 1 Extra Fort 2-15 2-28 2-1 — $1 . $1.50 5% .preferred Eastern Steel 1 2-28 __ ' . - . 1 2- .07 .10 3-15 Class B *30c (quar.) (quar.)_ (quar.)(quar.)—: of Canada, Co. Motor Co., <te-Light Power $1 pfd. class A preferred A-(quar.)— * 6%: ^preferred A; (quar,)——— 6.% preferred A; (quar.)_____. 6% preferred A (quar.)—. - Ford 1 2- 2-15 : 2- 2-15 7c $18.75 Co._„_— Co. 2-15 7c — St.1, Louis "Si Interurban Water Co.— 6% ; Mfg. Picher preferred Florida 2-28 2-11 .10 $1 Extra ——— preferred 6% 3-10 2-21 2-15 .07 Investing 3-10 2-15 2-15 S'f', pfd. (quar.) (quar.)____——; . 2-28 $1;2-15 _; $1.22Va 2-15 4'/2% preferred-'$1.12,/a 3-1 Ltd., class A— -• 125c 3* 4 2. _1.—— 4% Corp., Power .14 50c $1.25 25c . (quar.) common (quar.) prefeired $4 "7 4.9% -3-18 4-% 25c --- 4.80% Hosiery Mills, B Dwight Eagle . .14 3- 1 3- 1 3-1 3- 5 (quar.) Company Company, ; 40c— (quar.) common 2-15 Institutional 2-17 2-28 3-10 3-25 3- 1 3-10 (quar.)____— H.) (M. Florida 2-18 ' (accum.) Dupuis Freres, Ltd., preferred 2-15 2-28 Fully Administered 1-24 3- 1 40c 35c $1.12'/a 50c Rubber, 4V2% Tire & 2-28 .07 Harbor 31'/4C (quar. Corp. Flintkote 4 Company— (resumed) (resumed)'- Preferred 2-10 .12 .07 Food v • Cqrp.___L.__—_____—_— Fishman ^3-22 , 3-10 $i.i2ya A.) 2-25 " , 1-28 (quar.)-^_ (C. 1-27 .12 Electrical Equipment $2.50 4- 1U 3-16 5oc 5- 1 4*20". 60c ■8-1 ;: 7-20. ' 50c 11- 1 10-20 (quar.)__^ preferred Carpet Co., 5% 3-21 2-15 25c common Inc.— pfd. (quar.) Bank Stock Corp. (increased s-a)__—_ Firth 2-18 4- $1 Dunham First 1-14 10c Electric Duncan 2- 1 : — conv, Firestone — preferred/ (quar.)—— Mfg. Co. (quar.) 4.Va% '» 1 3- 30c Bradstreet, Inc., & 2-14 2-15 Building Extra — Enamel Ferro — preferred 4% Dun 3- 1 2-15 — Federal-Mogul 2-15 2-15 15c (quar.) 2-15 2-25 2-7 2-15 2-28 Chemical Co. Insurance 2-15 1 3-15 ' t:$1.121/a (quar.) Corp., common (increased)—: (quar.)———— Dravo • 3- *25c (quar.) Company, common preferred A (qu.ar.)_ 1 3-11 3-1 37 VaC (quar.)__ Life Traders & $1.25 Wc Corp. Brewing Federal Enterprises, $1.75 common preferred Drackett -4% 1-31 *37)2c Bros,, Drug 1-31 2-25 *62 -— 1 1 1 1 5-13 8-15 11-15 3-19 2-15 (quar.)__ Quarterly 2-25 . Ltd.-(quar.)-.'. : Donnacona Paper Co., Ltd.— 4,/a % conveitible preferred (quar.) 7% 2-15 1 Works Gas River Quarterly t$l Investment, Ltd.— Railroad (quar.) Quarterly .Quarterly^ •'' *30c (accum.) Ltd. (quar.l— Dominion Stores, 3-17 3- Co. & *, Farmers 2-17 3-31 *$1.25 — Dominion-Scottish Fall 1 2-28 ' (quar.) 1-31 2-11 $1 25c 50c Co Sugar Falstaff 25C Ltd. 2- 2-15 20c (quar.) Investment Corp., Ltd.— — 2-15 3- 1 6- 1 I Extra __ 2-15 2-28 .07 __ 2-28 .09 .07 Industrial 9124ef3- .09 .09 .09 Aviation 2-18 2-15 2- 1 2- 1 2- 1 2- 1 1-31 2-17 Fajardo Regular Extra Total Class Automobile 3- 1 3- 1 2-15 2-15 2-15 2-15 $1.25 $1.25 $1.25 25c 50c Inc.— Agricultural 3- 3 2-18 3-15 (The) Fairbanks-Morse I Group Securities, 50c Co., Extra < 3-21 3- 7 4- 1 2-15 3-10 6-10 Ltd. \ J25c 125c t25c 50c '$1.50 (quar.) preferred A Fair 15c 5%' preferred (quar.) Dow 3-10 4- 25c Dominion Bridge Co., Donohue 12-22 15c Common .5.%. 3 — Common ~ 9 10c Dominion & Anglo Railroad $5 3-25 3- 7»/2% — $5 pld. A (quar.) (qur.r.) $5 preferred A (quar.) $5 preferred A (quar.) ; Eversliarp, Inc., 57c preferred (quar.)—___ Faber, Coe & Gregg, Inc., common (quar.)_ Erie — (quar.) —— Dodge Manufacturing Corp. Dominguez Oil Fields Co.— Extra- 8- — (quar.) A (quar.) Reinsurance Corp. Extra 2-6-50 3-1-50 75c (interim) I'-: (quar.) 4>; 2-16 2-16 '. 50c $1.25 (quar.) 2- 2-15 . , 1-31, t25c ; Lime & General pfd. (quar.) A class 2-23 3-18 RR. Ohio & Extra $1 $1.25 25c 25c 20c 37)'2c 50c preferred Employers '2-' 8 1 B Corp., $1.50 preferred 5 Co. Pepper Class 5 50c Credit Employees 1-28 $7.50 (iesumed) Quarterly Co.— (quar.) Empire District Electric Co., 5% 62!/2C (quar.) Inc. guaranteed 4% 2-10 ... t25c Mobile preferred preferred 15c 25c 50c .—- 2-10 2-21 25c $1 J50c $50 B 2-18 2-11 (quar.) 4 2-25 2-15 $1.25 debentures 3- 7 2-18 (quar.) Empire & Bay State Telegraph 9 35c ordinary (quar.) Additional Br". 2-28 50c (quar.) A Houses, Dobbs 3-21 preferred 80c common Ltd.— rets, Co., American Dixie Co., 2-21 25c (quar.)— (quar.) (I'/o participating preferred (s-a)_ 6% participating preferred (s-a> 6% participating preferred (s-a) Match 1 $1 Rock Diamond 8 3- 8% 2-15 Co. Rubber & 2-15 2- $1.75 A 25c 30c National Watch (quar.) Walker Dry Goods Co., common Ely & 8 2- 1 15c Oil Corp.Derby Gas & Electric (quar.) Detroit-Michigan Stove, 5% pfd. Deep 2- 1 3- — (increased) Common 1 3- 35c (quar.) Co.— Hudson Co. Manufacturing & Delaware 3- 35c preferred (quar.) Del Monte Properties iquar.l Delaware Floor .Products— 7% Hose Elgin 1 3- (quar.) common Company, 3- *17 Vac (irreg.) Co Boat Electric 2-15 2-26 10c of American Stop Nut Corp. Electric Payable of Rec. Share of Company Name Holder» When Per Elastic 21c 21c 25c (monthly) Steel Edgewalcr Monthly (Continued from page 12) 2-15 $1.25 debentures Income Payable of Rec. 2-25 2-15 3-25 3-15 2-15 2- 1 Share Company ' .2-15 1 Quarterly Holdert 2-15 2-15 Quarterly When 2 3-lif 3-31 3- 1 3- 1 3-15 3-15 1 Quarterly Per 2 3- 2- — RR., Income Gypsum 1-28 3- 2- _________ Assurance Co. Great West Life $5 1-17 2-21 2-15 2-10 ..... ^ (quar.) West $5 - 1-14 of America (year-end) preferred Gulf, 6-29 3-22 56%C (quar.) Great .658300*t< .588223** .561799*t .531909*t 6-29 2-25 Dredge & Dock Co. (quar.) Northern Railway Co. (irreg.) 4.007500 6-29 2-25 Lakes Green 1 Inc. Great .278228 .233629 4..; 2-25 Storage- Great Atlantic & Pacific Tea Co. * .470833 4 2- 25c Cold & Stores, .7% 1 J25c (quar.)__ (quar.) Great ! 1 2- 3- 1 3- 1 3-15 (s-a) Y.) Grayson-Robinson .496720 .040328 .470833 .278228 .233629 4.007500 .658300*t .588223*t .561799*t .531909*t (N. Co. , 2- 2- 35c $2 (quar.) Company, Ltd. class' A Trunk $2.25 1 2-17 $2 & Company Bank Irregular Grand .921250 3.991542 .201580 .496840 > .040328 , 4.007500 .658300*1 .588223*t .561799*t .531909*t Grand 1.000000 .921250 3.991542 .201580 .921666 3.991542 4.007500 Closed . . type of merchandise. tApplication depends upon rate. . .. . .. . .658300** .588223*t .561799* 1 .531909** Uruguay, peso Uruguay, peso— : '.V: 1.000000 .201530 .496750 .040328 .470833 .278228 .233629 . ■' .470833 .278228 .233629 4.007500 _______ - Switzerland, franc. - . .301678 .145118 .376814 1.000000 .923125 3.991542 Closed 3.991542 — - - Norway, krone .301678 .145069 .376675 (quar.) Rubber W.~) (H. National Grafton 56%c $1 37'/2C $1 $1 $1.25 preferred (quar.) 4% pfd. (quar.) common 1-31 2-10* 4- 1 4- 1 40c (quar.) convertible $5 Grace —$1 Ltd., Inc., preferred Gossard .003134* .145045 .376314 1.000000 : .923750 - - — .003134* V .003132* .301678 .003136* .301678 .145045 .376583 .. .004671* 10c (quav.) r 4 3-18 2-15 3- 1 2-28 2-15 J20c 2% dividend) (stock Mfg.—; Co., Goodail-Sanford, 4% $3 . (quar.) common convertible Golden (accum.) common Corp. Corp. Company, 4Vu% Ltd., Wares, Gerity-Michigan .301V166 (quar.) $6 pfd. Castings; 1-28 7-15 7-15 7-15 2-15 '4- 1 , t$2.50 20c (s-a) Public 1-28 2- • Class 5% 3-17 2-15 Ltd. Corp., Mfg. 2-21 2-15 3-15 25c Class 1.000000 .923593 ..004671* .004671* .004671* .004671* 37V2C 25c 37'/2C ' — Equipment-— Goodyear Tire & - z5c $1.50 common (quar.) $1 series pfd. (quar.) Corp. preferred General' Precision .208535 4.031484 " .020060 V —— Denmark, krone ' .301166 — — - Co., 5-10 4- 1 2-15 3- 1 3-11 2-15 2-15 - 84%c » (quar.) General ComcUU0lIa^l — General Phoenix Corp., .020060 .208535 4.031484 Corp._ Outdoor General .200000* 3.212313 .022848 .054406 .022844 .054406 ' - Mills, Inc., Wifl<r conv. pfd. (quar.) 5-10 2-15 $1.25 50c •. — ______ Metals General 2i 1 ,1 2-15 12'/2c —________ General " ■ ■ Feb. 10 ; ... * .297733* .251247* .200000* 3.212313 .022846 / .054406 Industries, common. preferred (quar.)__; 5% " > ■ , Feb. 9 * $ .207733* .251247* .200000'' • 3.212313 / .200000* ; - , Extra ■■ Feb. 8 $ .297733^ .251247* * OF 1930 General " : Feb. 7 Feb. 5 $ >297733* .251247* . —- "y"" Feb. 4 •" ' For ■, 1 —~~~~~~ Transfers in New York Cable for Rate « 50c 25c (quar.) common 2-21 3- 2 2-15 5-25 5-25 3-11 4-1 2-15 common — Value in United States Money , Corp., Foods Corp., General 1949, INCLUSIVE 1949 TO FEB. 10, 4, Finance 1 BANK TO TREASURY UNDER TARIFF ACT FEDERAL RESERVE CERTIFIED BY RATES " - daily countries of the world. We for cable transfers on the different / >• ' • £he Secretary of the Treasury the buying rate give below a record for the week just passed: to — 20c (quar,)5c 5% preferred A (s-a)____ 25c 4 convertible prefen'ed C (s-a)__.—'$1 General Fireproofing Co., common 75c 7% preferred (quar.); ——$1.75 Dry General of Rec. y Shares Payable V* ' Batteries, Inc General 1930, the Federal Reserve Bank certifies of Section 522 of the Tariff Act of Pursuant to the requirements " Company Holdera When Per Name of (apiar.) r 55c ;37V2C $1.06)4 1 2-0 3-10 2-10 3- 1 2-11 '3-1 3- 2-11 - Volume 169 COMMERCIAL THE Number 4777 Sound Co. Share v (quar.) Holdert When Per Name of Company Name Payable of Rec. 3- 3-15 of Company Maclaren 5 Power Bay Hudson Motor Stock Co. dividend Humble Hunt Smelting, Ltd.—_— ^ (quar.)__ & Car Oil & Co. 5% Hussman Refrigerator Zinc Co. Indiana Gas Industrial 6'A% & Inland Steel 2-15 4>A% 2-28 2-15 Manhattan 2-15 1-28 Mapes 8 2- 3 2-181" $37'Ac 30c 3- 1 2-18 $3.75 3- 1 2-14 Rys. preferred of Central International Silver International Utilities .1 Corp. Oilier & '5% Co A Insurance Special & Mead 4% 1-31 preferred 2-18 Meadville 3-10 2-28 Mercantile Kayser (Julius; of Kentucky Utilities 43A% preierred Ccunty Cuttodian Keystone Keystone Portland 1 25c 3- 1 $50'Ac 3- 1 2- 1 50c 3- 1 2- 1 (quar.)! $1.06'A 3- 1 2- 1 50c 37'Ac 3- 1 2- 1 Co., 7% series 4.35'A A. preferred preferred 1-31 Michaels, 4-18 Class " 4-18 Class 1 7-19 Preferred 1 7-19 Preferred 3-10 2-24 Preferred 3- 2-10 Preferred — 2- 20c 2-17 2- 65c 4- 5 2-18 Steel 4- 1 3- Mickeiberry's $2.40 Midland 4 3-10 2-25 87* 3-12 3- $2 2 2-14 Steel 1 2-14 Common Common Co. Common Hart, $1 prior preferred $1 prior preferred $1 prior $5c 2 25 1-31 $5.10 K-l 1-31 2-15 47c 6% 3-12 2-15 2- 5c 3- 2-16 50c 44- 1 3-15 4- 1 3-15 Olin 1 1 5 3-15 1 Oil Oklahoma Coal Corp. Omar, Inc., 10- 2 9-20 67* 4- 2 3-20 Ontario 7- 2 6-20 25c 10- 2 '9-20 $1.27'A 1 2-19 $1.37Va 3- 1 2-19 $1.50 preferred (quar.) (quar.): 3- 3- preferred 80c 3- 1 2-17 3-10 2-11 3- 1 2-10 3- ' 1 2-10 2-23 1-21 4- 1 2-23 3- 1 1-26 3- 1 2-15 25c Gas 2- 3-15 2- 9 3- 2- 4 $1.12'A (quar.) Co., 5-31 3-15 25c pfd. 3-21 6-20 25c 1 9 1-31 2-15 593uC (quar.) 2-28 2-15 50c common_-_, 1-31 25c 2-21 2-10 20c 2-28 2-18 3-31 $1 3-21 50c 3-10 2-10 10c 3-31 3-10 $1.50 3-31 3-10 $25c 2-15 1-14 1-14 (quar.) Products Co., Ltd.— 2-18 20c 2-15 2-15 1-31 $1.12'A 3-31 3-15 +15c (Ohio), 1-14 3-10 4- 1 2-18 $$1.25 Ltd., 2-15 20c Co., • 2-15 $$1.75 693bC (quar.) 4- 1 2-18 American— (interim) Ottawa 2-10 55c (quar.) Co. Class Oswego 2-25 $S1.75 A_! Copper Osgood 2-10 $25c Shares 2-17 7 2-25 $5c (quar.)_-___-:,_-'_A^__-_-_^_ A preferred 2-19 8 2- 7 (quar.) Steel O'Okiep 2- 3- $$1 (quar.)_ Extra 1 8 2-18 $25c (irreg.) common common preferred 3-10 2- common Common 50c 1-31 2-18 $$1150 Corp.: preferred Oliver 6-20 25c (quar.) 7-20 2-21 Ltd.— common Industries, 3-20 2-19 Co., (quar.) preferred Ben 2 1 1 2-15 Telephone— Natural 7- 3- 8- 3-10 15c tquar.) Power Co., 4'A7* 4-2 $1.25 3-23 25c (quar.) ; 25c (quar.) 1 25c Power 7% 4- SI.50 (s-a) (quar.) Co., 37'Ac L 2-25 60c & Company, 4% % 4 3-10 $1 Y.) Extra Ohio 3- 25c Common Ohio 9 3-31 $3.50 (quar.) preferred Match Old 50c :______ 4- 20c preferred (quar.) Gas Light Co. (Del.) — preferred Ohio 2-11 2-21 60c (quar.) preferred 5'A % Co.— 2-24 2-21 3-12 1 2- (s-a). (Hartford) (N. Mines, Ltd. Mills, Ltd., Associated $2.20 15c (quar.) (interim) 3-10 Ohio 30c (accum.) common (quar.) 5 5% 2-15 37'Ac 1 5 2- Minneapolis 1 3- 3-10 50c (quar.) preferred 4 7* 20c series 11-17 3- Gold Flour 37'Ac 3- 2-15 preferred 11-30 2-18 3-15 25c Co. Light 4 7 7* 2-14 1 50c Gas Pharmacol Scotia preferred 8-19 3- $10C :___- Co. Bancorporation 67* 8-31 3-15 20c Norwich 7* 2-15 3- 75c ! Ogilvie 1 3-10 4-- 75c Coal Liberties O'Brien ; 3- 4 4 2-15 Inc. 2-15 3- 3- 1 l 3- $1 Special $2 3-15 75c 4- 2-28 15c Co., • 3-21 (quar.) 4 5- common 25c 2-15 3- 2-14 (quar.) 25c 2-23 ',4- 1 (s-a) Insurance Extra Northern 2-15 (quar.) 1 5 35c (quar.) 3-12 3- 2- 5-31 Inc Co., (quar.) preferred- 1 3-15 2-14 1 2-28 (quar.) preferred Products 3- $1.183A 3- 4- c 50c (quar.) guaranteed Insurance'Co. 2-28 Products 6% $50c common Northern 50c (quar.)_____ Abrasive preferred & 1-28 $1.12'A Co. Laundries, non-cum. Miller 2-15 Nova Products 3- " Illinois $1.12'A Tube 3-31 $1 Northern $1.12'A Service preferred Mid-West 15c 77* 4 guaranteed $1.12'A Food Mid-Continent 80c RR., 2- T,'o 50c Michigan 5 Carolina 2-15 $1.083A " (quar.) Public 5 North 2-25 2-15 " preferred Northeastern Inc.— (quar.) Michigan Sugar Co., 2-17 convertible 1 1 93% A 4 A 9 7'Ac (quar.) 2 $2 4- 45c ! (quar.)_— Norfolk Southern Railway Co. (quar.)__ Norfolk & Western Ry. (quar. Normctal Mining Corp., Ltd ,______! North American Car., common (quar.) Northwest (quar.) 2- series 1-31 V- B 1 8- common Ltd. ■; r . 8- 2-25 preferred 2- 2-15 2-15 2-25 J- $2. __ ________________ Co.—y; 2-15 $1.62'A (quar.) Stern & Co., 5- " 1-31 1 93 %c (irreg.) tquar.) com. 80c _— (quar.) A 2-16 2-15 4 2-18 Gas— & Shipbuilding & Dry Dock Co._ Chemical 47* $1.50 _____ preferred (quar.) 2-15 25c 10c ___ (s-a) common Metropolitan Edison Co.— 3,90.% preferred ,(quar.) 1 CO 2-15 3- 1 2- 1 3-15 $7.50 (quar.) preferred $1.75 (quar.) (s-a) Corp. 25c __■ .-— i preferred 3% 7* $5 50c pfd. Assurance 25c pfd. 1 (quar.) preferred 10c 2-21 $1.25 Funds, 3- 3-15 (quar.) Stores Fire 5- Ltd Cement 86c Telephone 95c Mines, Nopco 3-15 (quar.) Co. Gold 2-15 40c $1 (quar.i_ Land Kerr-Addison 1 2-10 (extra) Co., 3- (quar.) (quar.) 25c Co. 933Ac 1 $1.25 Canada, Newport News 6'A $3.75 ; preferred 40c Light, 4% Co. 2-15 3- (quar.) & Co. Kempet-Thomas 1 2-11 Company Kelvinalor 3- 1* ._. preferred 93%c 3- (quar.) 3.80'A Newport,Electric Corp. 7 2-15 7 3- 3- 3-10 50c (accum.) 1-31 Messenger 1 A 3- 1 3-15 7oc (accum.) 2-15 Co.— (quar.) common ' ._ _______ 60c A 75c Insurance & 8" 1 preferred Electric 2- 1 3-21 1 20c 7 7 2- 2-15 York, Chicago & St. Louis RR/ 67* Co., (accum.)___ Extra • 1 Dock 2-15 (quar.) Kawneer New 2-10 State preferred 37'/2C Kansas City Power & 3- 2-28 York 25c (quar.)_^ 3-15 (accum.) A (quar.)____ York Air Brake Co.__^ York Merritt-Chapman & Scott, 20c A 2nd 3-10 Y.— Corp., New class Co. New 3-21 Corp Lauglilin Steel 1st. 2-28 14c year-end 2-14 1 22- 60c Casualty Zinc New (quar.) Mines Corporation, Michigan N. 3- ;_ 2-28 2-15. 2-15 Co,— 2-10 2 (quar.; of Jersey Mur participating 2-11 $1.50 (quar.) Co. New 25c ._ (quar.)-. 4- Porcupine 37'Ac Joy Manufacturing Co. (quar.) Kalamazoo Vegetable Parchment Co. Kern 2-11 3- 1 tquar.) Holdert 3-15 25o preferred Nestle-Le $2 common 2-28 3- semi-annual Estate Jones 1 Knitting Mills— Increased, Jones 3- ■* 4- $2.40 Co., 2-23 5 .- Engraving 47 Payable of Reo. 20c ' 50c 2- • 4-15 60c _____ 9 2-23 : Meter Extra (quar.)_____". $1.25 1 — preferred Jersey Mclntyre 6'A% (quar.).: Amsterdam 3-10 Neptune , When Share Inc. $1.75 $1.25 L____ 1 New : pfd. (quar.) Maytag Company 7 America— Co 1 j 25c Corp. Machine Jantzen 1 2- Merchant Stock Fund, Inc z Participating preferred (quar.) Participating Participating preferred (quar.) Participating Jahn 3- 1 $1 Investors Jaeger 3-10 20c » 2- (quar.) preferred (1947 series) $3.40 preferred (quar.) 25c . 2-15 Brothers, common... preferred 4'A% (quar.) 25c " 20c $1.06'A (quar.) Co. Stores, Department 3- 3- 2- Quarterly May 16c (accum,) Mfg. (quar.) Bonding 75c $1.75 2-15 3-15 (quar.) $3.75 (quar.) 2-28 Neisner 40c Corp. Massachusetts 2- 1 3- Co.— Products Co. preferred (quar.) Power Shovel, 7% Masonite 1 (quar.) Group Harvester International : 5% Marion 2-19 ! (quar.) Bond International Intertype 1 5 1-25 25c , Z- common 50c preferred % 22- 3- $3 (accum.) Co. International 5 2-15 $25c (quar.) Co. Consolidated 2-15 2-11 35c 2-28 (P. R.) & Company (quar.) Company, common conv. preferred (quar.) 2-21 9 5 35c Copper Mallory Corp., 2- 3- 25c Magma Shirt 2-15 Corp.. (quar.)—— Maltine common— preferred Inc. (quar.) 25c "• (quar.)_. 8 International Business Machines Corp. (quar.) International Cigar Machinery Corp.__ 7% 2- Shares, Ltd.— and Stock 1 3- .3-10 ;) Per Name of Company 5 (quar.) Square Garden Holdert 2- t50c 2-15 Co Institutional Madison 4 Corp.— preferred Ingersoll-i-tand 4 2- 56'Ac 25c 45c —— ________ partic. Water, Silica 2- 15c & convertible $1.50 1" When Payable of Rec. 25c Company, com. Company Marathon (quar.)__l_ Color, Ltd., Varnish (743) 2-28 Co 75c Co., common (quar.) Illinois Central RR., 6% preierred Imperial Macwhyte Share Paper 2-28 —— Power Illinois 4 Co.— (qv.ar.)__L Peanut Co. (quar.) (Tom) Idaho 2- & 12'Ac —> preferred $2.25 Huston Macmillan 1 $1 25c 12'Ac ___' (quar.)—___ preferred A (quar.) ——1—zHolding Corp —1 Huron 2-11 3- 5% (irreg.) Inc., common preferred (quar'.)__ 3-14 10c . ; Refining Poods, 5% 50c $$1 , Per ■ 3- Miniiig Hudson ._ CHRONICLE '' ' Howe FINANCIAL & class B A 1-31 ' preferred $7 Kidde (accum.) (Walter) Kingsburg Kinney & Cotton (G. R.) Company Oil Co. 25c common Kinney Kirsch Company, Knickerbocker pfd. preierred of Company (S. S.) Company Kress (S. 6% H.) 1st 3-10 2-25 2-10 Minneapolis $1.50 (quar.)_ 3-15 3- Mitchell interest 3-22 Monarch 2-20 1-31 2-28 2-15 5Cc 3-11 2-18 50c 3- 1 2-14 60c 3- .t 2- $1.50 (quar.) 4- 1 3-15 Steel pfd. 15c (quar.) (quar.) Co. 2-25 $3.25 2-15 2- 2-10 1-28 4- $4 1 $3 3-17 Investors 50c 2-15 1-31 Moore-McCormack 15c 3-14 2-25 Morris 25c 2-28 2-10 3- 2-1 Mosinee Motor Laclede-Christy Lake of the 7%% Co. Lakey Foundry Lane Bryant Lanett Lanston Le Monotype Secord Lees Lehigh &, Sons Co. Belt Lindsay Lionel $1 2-28 Co. pfd. (quar.) 2- 3-1 • 5 1 2-11 I 2- Co CO 65c (quar.) • 1 2-15 3-1 $1 2- H 2- 2-15 Groceterias, B Inc. 1 2-28 2- 8 2-28 2- Co., com. (monthly) 1 2-14 3- 1 2-14 2-26 2- 1 2- 1 2- 8% , Loew's, Inc. Lorain Coal .-a; 5% Lord a! & 6% 1st :;i 5% ^Lukens Steel (quar.) (extra & 2-18 3-31 3-21 & Co. & preferred !M. & M. Sons, 3- 1 2-10 1-31 3- 2-10 1 Co. of 4-15 3- 8 2-28 2- 8'* 3-10 2-15 3-10 2-10 3- 1 2-10 45c 3-10 2-17 s$12'Ac 3-1 2-11 — .* 1 2-11 $15c 3- 7-22 10-29 10-19 1 2-18 ! National Co., $1.12'A $4.50 pfd. (quar.) 3- Common 1-2-50 12-23 National' 3-31 3-10 National (quar.) ^ 15c (quar.) preferred (quar.) preferred (quar.) Lock $1.75 3-15 2-24 Co. $1.12'A' - 433- common (quar.) 3-20 1 5 7* 5% 2-17 1 5'/o 2-17 1 preferred 3-11 2-15 50c $1.07 4- 12'Ac ; 2-15 1 I 2- 2-15 88c (quar.)_ 2- 2-15 preferred Coal I National Tea A 2- 2- 10c 2-15 2- On 2- 1 30c 2-15 2- common 5 15c preferred (quar.) 3-15 3- 1 A (quar.) (quar.) 14c 2-10 2-15 2-10 10'Ac (quar.) 2-15 12'Ac (quar.) 2-15 2-10 . , 1 2-15 2" $$1.25 (quar.)___ 3-15 2-28 20c 2-25 2-15 25c , Co. T_, (increased (quar.) 2- 7 2-25 2- 4 & Transport share of Line, 1 preferred B (quar.) Water & preferred 4'A% Pcpperell 77* common Machine (quar.)_ Aviation, 5 2-15 2- 5 33c $75c 1 2-15 1-17 2-15 • 1-17 3- 1 / 2- 1 3- 1 2- 1 $1.75 3- 1 2-11 3- 1 2-15 4- 1 3-15 4- 1 3-15 3-15 & Gear 3- 3- $2 2-19 1 2-15 50c 2- 5 8 2-15 2- 3- 2-21 8 Co.— (quar.) Metals $1.75 1 30c 2-28 2-12 40c (quar.) Corp. Paul, Inc. (increased) Pfaudler Pfeiffer 2-23 3-10 2-15 1 1-31 12'Ac 2-i5 1-31 50c 3-10 2-19 3-10 2-25 $1.25 4- 1 3- 4- 1 3- 1 30c 3-31 3- 4 25c 3-31 3- 4 10c 2-15 2- 1 20c quar.) 2-18 $1.50 (increased 2-10 1 $1 Co. 2-21 3- 3- 2-11' 1-31 2-15 Brewing 40c 25c quar.) (quar.) 2-18 2-15 (increased Company 2-15 3- Phelps 8-15 7-31 3-22 3- 4- 1 3-15 3- 1 50c 4 Dodge Corp $6 Company, preferred (quar.) Philadelphia Electric $1 preference Philadelphia preferred $5 Co., common (quar.) (quar.) (quar.) Insulated Wire Co Philadelphia Suburban Water Co., $3.65 preferred (quar.)__ common 1 1 91'Ac 3- 1 2-11' 30c 3- 1 2-18 2-14 2-15 2- 4 2-15 2- 4 Phillips-Jones Phillips Photo are Corp. Petroleum — Engravers Co. & 75c 9c Stock shares. ! shares Fibre Cotton (Wm.) Ltd. 57* 4'AT* $4 preferred common (quar.) Co.____ pfd. pfd. iquar.) (quar.)_ 3- 1 2-15 3- 4 2-28 2-28 Pittsburgh Pittsburgh Steel Co., 57* 5'A% prior preference 3-15 2-28 3-15 2-28 3-15 Plate Glass 1 2- 9 4-15 4- 1 4- 1 3-10 $2.50 3- 1 2-15 $1.37'A 3- 1 2-15 ~.$1 3-15 5c Co. 2-15 50c (quar.) (quar.) 3-15 25c Co 2-28 10c : shares Vulcanized Pillsbury Mills. Inc., 7c : 8c Building Neiman-Marcus 2-28 2- 1 2-28 3-15 1 3- Ltd.— " 10c series shares Steam 3-15 3- $75c (quar.)__ Electrotypers, Irregular 10c Chemical Neilson 2- 75c (quar.) Pettibone-Mulliken 47'Ac (quar.) preliminary estimates series Industrial Naumkeag 2-15 $1.50 3-15 Funds— Institutional Series National 1 25c $7 5c Trust the following Oil 3- Pepper) Co. preferred 1 2- $1.25 : Corp., , Permanente 2- 1 3-14 Co.— Extra Perkins 1 3- 25c 50c _ ! (see Dr. Co. Mfg. 3- 31 'Ac 56c tquar.) preferred (Dr.) 3-18 2-28 $1.10 Power (quar.)_ Telephone 1 3-29 3-"IS 9 2'Ac Water, $7 pfd. Pennsylvania Telephone Corp.— $2.25 preferred (quar.) Peoples 2- 20c $$1.50 State (reduced) 2-15 834c (quar.) preferred C 4 $20c 20c 3.70% 3- 2-15 1 — Ltd 4.407* Common 3-25 62'Ac City) 2-25 3-15 1 3" 50c (quar.) 1-10 3-15 4- 75c $1 $6 preferred (quar.) Pennsylvania Electric Co.— Pennsylvania 2-21 held) common Pennsylvania 1 Co.--- (quar.)_ common Co., 3- Petroleum 10 slirs. (Kansas 1-31 3-15 53'Ac (quar.) 2-15 $1 shown: 1 2-15 preferred National 5 50c common preferred 3.8 % 1 3-10 Co.. 4'A fZo 75c (quar.)___ (quar.) prior preferred (quar.) Corp Peninsular Telephone Co., $1 pfd. (quar.).._ $1.32 preierred (initial quar.) Penman's, Ltd., common (quar.) 3-15 50c (quar.) J Co. 3-15 Co. Co. Co., 17; 25c Machinery 1-20 Cement 1 $1.25 (s-a) Rubber National-Standard 2-1 ■ (s-a) 2-15 convertible 1 37'Ac ' 1-31 75c $1 Manufacturing 4- $1.25 Extra 2-15 (quar.) for each Inc. 4- 25c (initial s-a) 31 Ac Fictures, Inc. 4- 50c (special) Co Oats $1.25 1-31 2-15 participating preferred (quar.) Transportation (quar.) Peerless Peter 4'A7o 5% pfd. A Service Linen 6-21 7% 35c Pepper, Machine Co.— 1-31 *37'AC Parmelee Paton $5 Canada 2-15 2-15 (quar.) Rust-Proof Peabody 4-22 3-22 $2.50 (quar.) (quar.) Mackintosh-Hcmphill 8 1 National (s-a) Woodworking Co. preferred 9 2- 2 9-21 .;Mackinnon Structural Steel Co., Ltd.— 5% 2- 8- 1 $4 Lyons Finance Service, class convertible 1 2-24 2-15 $1.06 Paramount 2-17 3- 5- National Lead .. 42c 3-1 2c 2c 1 1 Co.— Corp. 50c i 2c Income , •?»' Quarterly 7- 4- $1.50 Ry. (quar.) Lyon Metal Products A Quarterly Quarterly 10- $2.50 __ Year-end Lynch Chemical Electric Welding $2 '■ 62»/2c year-end) Louis St. preferred (M.) ?:'U . , -vy 20c _ (quar.) Corp. National Paper & Type, common * preferred A - Pipe 2-15 343bC (One preferred Parker 20c (reduced) (quar.) preferred (quar.) $2 ^Louisville & Nashville RR. 4'A% Drug $2 (quar.) (s-a) Lucky Stores, Inc. 3- * 47o 1 3- 1 1 Corp. Heat & Power Co. Panhandle'East 3- 40c 2- 2-15 Petroleum dividend 3-15 $1.25 (quar.) (quar.) American Stock 1-29 3-30 (quar.) Corp. Economic 2-15 31'Ac ; pfd. 5 7* (quar.)_ Philadelphia common non-cum Products, 37'Ac Henderson -Lowensteln 2-28 $2 preferred preferred Common : (quar.)___ (quar.) Co., (quar.) Parkview Drugs, 1-21 Dock— & Taylor, .Louisville, 1-31 $1 * • pfd. Corp, 2-25 10c Manufacturing 2-15 2 : (quar.) convertible Conv. 2 3- (Del.) Pacolet 2-15 "i 40c (quar.) Corp. National Gypsum Co., preferred (quar.) 8% preferred (quar.)___ 8% preferred (quar.) 3 25c com. National 4 3- $1 <K-Q% 3- $1.75 Dairy 3- $1 (monthly) preferred tquar.) 2-11 2-28 3- 3 J'.lcf 30c (quar.) Co., com. (quar.) preferred (quar.)—.___. 4'A'6 Ltd., (monthly) Common Pan 1 3-15 $1 (quar.) Container National $25c Pipe 2-15 2-14 50c National Cylinder Gas 2-24 $25c (quar.) Common com. preferred 2-24 ' Joint Biscuit Co., 77c 8 20c 1 3-30 62'Ac National National 3-10 (quar.) 3- Dehydrating & Milling Co.— Fibres 25c Groceterias, Ltd., class A (quar.) Palestine 2-28 50c Mills 2- 25c 75c Electric Lighting 2-15 Ltd.— Co., Manufacturing-: redeemable preferred 1 3- —_ Automotive 3-10 (quar.) Pacific 'r Louis RR St. National 50c 4 2-10 2-24 ———• & National 87'/2C : 5% 3-15 ,37'Ac (quar.) Aluminate (quar.) $1.10 (quar.) 5-10 3-10 lc •' preferred National Corp., common preferred (quar.) Class 5% 1 15c capital Guaranteed 1 35c (quar.)___ Co. $5 & preferred 2-15 25c (quar.)J National Alfalfa 1-31 3- $1 Loblaw Lock A Acme 6','a 2-15 3- ... Chemical & 1 $1.75 Loblaw •' class Nashville, Chattanooga National (quar.) Liquid Carbonic ";1 $2 2- 2-14 1 2-10 1 & preferred • Power quar. 1 Corp Finance 1 593Ac Company Paper Gas 5'A % 1 Glass Pacific 2-17 ' : 37'Ac quar.)_ Muskegon Motor Specialties Co.— 2-9 45c 3'A% C.) 1 Pacific ^____ 1 2-15 (increased 3- & pfd. (quar.) Marine Electric 3- 20c $1.25 (quar.)—' Inc. preferred 3-1 75c (quur.)_ (quar.)_: 1 50c 6- $1 ,___ 1 $2c Oxford 3-15 • 2-18 40c Corporation Original Corp, 3- (quar.) 2-28 :'a4--L:;:* 20c 3- 3- Oxford $1.62'A Oil, Mining & Development (quar.) (G. 2-28 3- (quar.) 3- Extra Special Finance Extra ' fettle Miami RR. Co.— * preferred Murphy 1 1 (quar.) com. $1 35c <quar.) Light 2-25 3-15 2-16 4- 3- Paper Mills Diablo Mt. ■ Owens-Illinois 50c .___ common Heat Pacific (quar.) common Lines, Mills, $20c , Corp Co. 1 7 1 50c Ltd Liggett & Myers Tobacco Co. Link i3/4% 2-15 3- 30c . (quar.)__; (quar.)__ Cement Mines, Savers 22- 3-1 Co., 37'Ac Lexington Water 7% Life ___■ Shops, Ltd G.), $4 pfd. tquar.)___ Portland Gold ' 2-21 25c (irreg.) Inc (James) Leitch Machine 1 35c J.$1.75 _ Co. !!___,__ Candy (R. Fabrics, $40c (quar.) com. (quar.)__ & Machine (quar.) Tourneau Lea Co., Blcachery & Dye Works Company (quar.) Lansing Laura (quar.) Woods Milling preferred 3-16 (Springfield, Service, Inc.— preference (quar.) participating Paper 1 50c Moore-Handley Hardware, 5% preferred (quar.) La Industries_ 4- $$1.12'A Co. Co preferred B Lafayette National Bank of Brooklyn in N. Y. France Outboard $25c common preferred series A (s-a)___ Moody's 1 Tool Chemical conv. 2-18 $1.25 Machine Monsanto 1-31 4 57* 4'A',* (quar.) 2-15 3- $$1 (increased)- (quar.) Insurance Corp., Light, Common (s-a) Monarch 2-15 10c 10c 50c Apparel Life P'ails 25c $1.62'A Co Ltd. Co., Lid., preference Co.— (accum.) Ry. Company, Knitting Mass.), 1 S.) com,_ Implement preferred Louis St. & (J. Monarch 8c (quar.) Creamery Co., COc Heating Co Laclede 1 Power convertible $6.50 1 37'Ac ! & preferred L'Aiglon 4- 37'/2C (quar.)_ ;___ Knudsen Kysor Minneapolis-Moline 3-25 Company (quar.) Company, common (quar.) Kroger 2-10 2-20 4'A7o beneficial Koehring Kresge 3-14 1 Minneapolis-Honeywell Regulator Co., 3.20 7c conv. pfd. A (quar.) Fund— Certificates ; 4 10c (quar.)_^ non-cum. $1.50 3- 25c (quar.»_ prior 4- ' $1.25 (quar.) Co.t preferred Mfg. Co., S6 $5 3-15 $1.75 25c 50c $81.25 $1.06'A 2-15 2- 1 2-25 2-16 3- 2-10 1 2-15 2- 1 pfd. 1st A Plywood, Pom* & Inc., (increased Company, $1.50 Class B (accum.) series Pinchin, Johnson & Co., Ltd.— Ordinary (interim) — A (quar.) 2-21 7'A% 7 ?Ac quar.) class __ (quar.) 1 2-25 37'AC 3- 3- 1 2-15 1 25c 12-22 ■ 2-15 . 2-15 48 Per Share Name of Company Potash Holders When 3- 1 2-15 75c 2-15 1-25 $5c 3-10 2-10 Prosperity $1.25 4-15 4- 5 Provincial $30c 2-15 2- 1 Mines. Ltd —— Cot, 5% preferred (quar.) Transport Co., Ltd. (s-a) Public Service Co. of Colorado— Proprietary 4%% preferred (quar.) $li06% 3- 1 2-15 preferred (quar.) $1.10 3- 1 2-15 of share Public Water Co. & 3- preferred (quar.)— Service Co. of New Hampshire— of — 1 2-15 3- 87%c 1 2-15 Mexico Service Co. Public Service preferred 2-15 2- 1 Southern Railway Co., 2nd 2-25 1-17 $4 37y2C 3- 1 2- 7 12 %c 3- 1 2- 7 (E. R.) & Sons, common preferred (quar.) preferred' A (quar.) $4 preferred 3-10 2-17 $3.50 10c 2-15 1-31 Standard 2-15 1-31 $1.60 4- 1 2-28 Standard 35C 3-31 3-17 25c 4- 2 3- 9 $1.12 y2 (quar.)__——_—_— preferred A 4- 2 3- 9 $1.18% r Co.——— Bit Roller 50c preferred (quar.)—; common (quar.)___———. Stores, i'%% Reed Remington Rand, Inc., common $4.50 preferred (quar.) Oil Richfield Stoker Riley Rockland 5% Co. Oil Paving 5- 2 4-11 2-15 1-25 2-15 1-25 Standard 2-24 Standard Silica Saco-Lowell Joseph conv. - Extrci ■ 3-10 2-10 Storkline 3-1 2-15 Struthers 3- 2-15 5y2% Scott Co., Paper Surety Secord See 3- 3-19 3-10 2-15 Sylvanite Transit 2-22 Television Fund 3-10 Tennessee 2-25 2-10 Tennessee Products & 3- 1 3- 1 2-11 Company Pacific 6- 9-15 9- 12-15 12- 7% 2- 2-28' 2-18 2-23 2- Sherwin-Williams of class common 3- Tide 8- 1 7-18 Tide 3-12 2-25* Timely 1 4-15* New class B 1-28 1 2-14 Toledo 3- 1 2-15 Tobacco 3- 1 2-15 3-15 3- 7 (Franklin) Simoh 4%% Simon 5% preferred 3- 1 2-15 3- 1 2-15 1 2-18 3- 1 2-18 3-15 2-25 3-15 2-25 3-15 1-17 2-15 1-31 2-15 1-31 1 3-15 3-31 3-15 2-15 1-31 1 5- 2 4- 4- 1 3-10 Co., 1 3-15 3- 1 3-15 3- 1 3-15 3- 1 25c 3- 2-11 1 1 2-11 3-10 2-28 3- 3- 1 2-15 t30c 3- 1 2-11 $$1.25 3- 1 2-11 56 %c Sivyei* Steel Skelly Oil Skilsaw, Co. Inc. $$1 Castings-; (stock __ 2-15 3-15 2-15 2-15 1-15 25C 2-18 2-7 1 2- — 50C 1 2-11 Electric White (S. S.) 3-15 6-15' 3- 1 2-15 1: 2-21 2- 3- 12 %c (quar.) - 2-15 Inc.— 1 2-15 $1.50 2-15 1-19 50c 3-11 2-28 Co 1-19 Co.— 2-15 2- 75c 3- 2-14 $1.12% (quar.) 1 1 75C 2-15 2- 1 $1.25 2-15 2- 1 $1.25 (quar.) Brake 4- B 3-15 2-15 25c 3- 1 2-7 3- 1 2- 7 95c Corp. Mfg. 3-17 50c 3- 1 2- 7 50c 3-1U 2-18 37 %C 2-14 li-28' 1 3 -15 common (quar.) Dental t 87 %c (quar.) Corp., Instrument Paper 1 1 20c (quar.)______ preferred Weston ' 4- 7- Stationery preferred 3.80% 1-31 2-15 % 50c (quar.) (quar.) White's 4- $1 Co.__ Corp. Oil 2-15 1-28 4- 1 75c 3- 5 2-18 $1.06y4 (quar.) 3- 1 2-15 2-21 deposit 2-21 1-10 Williams Iron A Trane Company Coal Truax-Traer Co. Inc., com. $6 3-15 1 3-15 2-15 1-25 3-lf) 2-28 Woodall 3- 1 2-14 5% City South LaSalle Street Tyer Disc Clutch Rubber, Co. $1 3- 1 2-11 (quar.) 62V2c 4- 1 3-19 50c 3-12 2-28 (quar.)__ $1.C6% 2-15 2- 4- Asbestos Union Bag (quar.) Rubber & 25c (quar.) Paper Corp. 50c (quar.) Extra Union Electric Co. $3.50 preferred preferred $4.50 Union 4 2-15 1-31 2-15 1-31 Co. 5% preferred Biscuit of Co. Crampton Electric Corporations, Class B preferred Wisconsin $4.80 4%% Power Electric Coal Extra United 7% 3- 1 2-15 $1.25 (quar.)- 3- 1 2-15 $1.25 - 25c class A $38c' $25c (quar.)_ Wooaside Woodward 3-15 3- 3- preferred 1 Light & Railways Co. (Del.) 6 %'preferred (monthly)—— 6%, prlcr preferred (monthly) 3-10 2-15 3-15 3- 1 7% 7% preferred 2-28 2-15 3- 2-15 25c !: 31 %c (quar.) $50c Governor Combing Woolworth Woolworth (F. 1 25c 4- 1 25c Co.___ 3- 4 (monthly) prior preferred (monthly) prior preferred (monthly). prior preferred (monthly) 3-21 ' Corp. 2-17 ' W.) Co. 4-10 3-25 50c Canada, of 3- 1 2-10 3- 1 2-10 ; $40c Ltd (quar.) (P^W.) & Company, Ltd.— (final) 35% 3-14 (bonus)s 20% 3-14 _ (Whi.)„ Mines, Wyandotte 1-25 25C 3-21 2-28 $1.12% 3-15 2-28 $1.12% 25b1 Jr., 1-25 3-15 2-28 3-1 2-19 Co. - 10c 3-15 2-28 ; 10b- 6-15 ".5-31 (quar.)___ 10 c i Worsted Co. . Ltd. Common 2-28 - 2-14- * 2-15 2-28 1-31 Machine 2-28 2-14 25c 4-18 4- (quar; 37%C 4-30 4-20 (quar.) 37 %C- 7-30 7-20 $1.25* 3-15 2-18- (quar.) 4 . 1-15 Yellow Cab Co.— 2-28 1-31 convertible convertible 2-15 3-10 6% 2-24 Youngstown Zellers, preferred preferred Sheet' Ltd. com. 3-10 2-24 2-15 2- 4 2-15 2- 4 55c 4- 1 3- 1 2-15 tPayable in 4r 1 3-15 iPayable & Tube (increased quar.) $50c 5- 1 4-15 $37%c 5- 1 5- 1 4*15 : 4-15 $31 %c . (increased) 3-14 50c 50c - 2-28 3-31 Ordinary 75c common (irreg.).. United 6.36% 2-28 50c Wool $1.75 Co., (quar.) Co. .2-28 10c 3-10 25c Illuminating 1-31 3-15 2-17 1 25c (quar.) Foundry 2-15 3-15 Mills Cotton 3 4-15 1 2-15 Ltd Co., 2<- 28c (quar.) common preferred Common 75c —__: United Inc., i 4-30 3- $1.20 common Wrigley 65c pfd. (quar.) Engineering & 3- $1.12% Co., Wright-Hargreaves Monthly America— Cos. %C 1 90c 1-31 t50c Corp. 1-25 $1.50 Light Industries, Mfg. 2- 2-15 27 preferred (quar.) preferred (quar.)__, convertible 3-14 2-28 2-15 (quar.) & 1 Co.— 2-18 Extra Elastic Power (quar.) 2-15 (quar.) United 7 1 4- 15c 3-10 Circuit, Inc.— Ltd., 2- 3- 3-15 ' $2.50 Corp., (quar.) (increased) . Yates-American United 2 1 $1.50. 93%c conv. (quar.) United 2- $1.06% $1.12% (quar.*) Theatre 2 2-16 25c common (quar.) Worthington' Pump & Machinery Corp., com. 4%% prior preferred (quar;)__.__ 4%% convertible prior preferred (quar.) . (quar.) Corp., 5% Artists' 4 3- 87%c (quar.) Car 3- 9iy2c Co! of California— Aircraft 2- 25c (quar.) 3- 2-16 Ordinary (quar.)____. preferred A Tank 3-14 3-14 (Missouri)— (quar.) preferred Oil United 2 1 25c & 1-28 2-15 30c 3-10 Corp. preferred $4.25 & 3.60% Woods Seventh Unit, Inc.— preferred (uccum.) 208 1 4- 15c (irreg.) 4- 35c ; (quar.) 2-19 50c (quar.) Tung-Sol Lamp Works, 2-15 10c 1 15c Co., Company com. preferred 1 $i5c (quar.) (The) 3- 2 (quar.) Company, Common 3- 115c ;_ common B.) preferred tl5c Ltd. Works, Ltd., 2- 3-11 (quar.) common Mfg. Line, Inc., common 1st pfd. (s-a) Wisconsin 12%% Elevators, & $4.25 Wilson 5% ordinary for Lace (J. preferred Winters 10.2857% receipts ; 1-10 Co., Ltd.— receipts for deferred (final) Company, Wilkes-Baire Wilson Trust _*•. Inc 3-15 * Co 2-15 (quar.) Wilcox 12 %c 15c Stores, Wickcs 7 Auto 8 1 15c preferred deposit American 6.30% 10% 10% dividend) (quar.) 2-15 3-15 50C (quar.) 3-15 $$1 A (irreg.) 3- $1.75 Co. Electric 6% 1 $$1.12% Corp. 4y4% United Inc.— (quar.) 2-11 $20c aOc (quar.) 6% 62 %c 50C' & 3- 25c (quar.) 3- 3- 40c (quar.) (final) 8 25c — Co. 3-15 1 Co. Air • 1 3-15 40c (quar.)_____ (quar.) Bearing Securities American 2-15 25c (quar.) i Simpsons, Ltd., class Class B (irreg.) Oil Roller United quar.) Co. 1-31 2-15 3- RK. Westinghouse 1 3-10 $$1.75 class A : $1 2-25 4- 4- Co. Co., Coke Supply Westinghouse 6%. 3- 25c common Oil Co. Inc. Edison, $3.75 (H.) & Sons, Ltd., common-— redeemable preferred (quar.) Sinclair Timken 1 2-25 2-15* 3- $1 & (quar.) preferred A 3%% 2-10*- 1 (increased) Pulp & Paper preferred (quar.)__ preferred 2-15 3- Co. Coal & 2-15 3-15 $1.12 (quar.) Tablet 3-12* % 2-21 (quar.) Auto " 35c (quar.) Snowdrift Electric 7-15 2-11' 12-29 20c (quar.) $1 Union (initial — Power Clothes, 3- Canada/ Ltd.— Slgnode Steel Strapping 5% preferred (quar.) Co. Water 2-15 $20c Signal Royalties Co., Class B (quar.) Simmons Associated Water 5- 1 A preferred 5% 1 3-15 Co Thompson' Products, Inc., 4% preferred (quar.).' $3.70 quar.) 3- 50c (John) Union (quar.) 3-15 2-15 ; (quar.)_____ preferred Whitaker 4-18 $1 $1.75 3- 2% 40c ; 2-15 25c _____i__ 1-20 62 %c 2-14 1 & Penn 5 % Mills Cotton 1 .v. Tudor (quar.) 2-28 $1.12y2 (quar.)__ (quar.)_ 5- Twin (initial A com. pfd. 2- Signal Oil & Gas— New Co. 4%% 2-15 23c Common' (quar.) preferred Mills 10c $5c Co., 2-11 1 6-15 25c preferred (quar.) 4 1 Common 3-15 2-10 59 %c 3- 2 3- common Co. Manufacturing preferred Western 4 1 Class — 2-11 6-25 25c (quar.)_. 3- 4 58- ?■ r 4-15" %C 20c 37 V 2-17 2-14 37 %C (quar.) Engineering Oil 2-18 2-28 $1 Corp. class Western Pacific 2-11 1 3- 4- Thompson 40c 1 4- : 50c 2-15 $27%C; (quar.)_ 50c 1 $30C 3- 25c 25c pfd. (quar.) Common 3- $25C Sherwin-Williams Oil 1 ' (quar.) Virginia 1 Common 2-15 15c $1.75 75c Works 7% & preferred (quar.) Thomaston 1 $1.12% 2- 9 3- tlOc 2-15 3- 3- 20c Co., Ltd., West 5 15c D.) Virginia 2 2- 2-15 10c & 4%% 2-11 1 1 $31% (quar.) _____!_ (quar.) preferred Western 2 33- pfd". '(quar.) 5% - 3-10- 75c 40C. % 1 Co.ic_u_-_:'__-__ Ltd., Petroleum (S. 9-20 12-22 3-21 Company; & West 2-19 ; Shovel Tliew 2- 2-15 Corp 2-15 < Co & Iron Dare, 1 1 $1.37% (quar.)"_;__£_i_ Corp. 6-20 7- 10- 1-3-50 25c 6% 4 3-10 .* (increased) (quar.) 7% 2-10 25c (quar.) Coal Flour 2- pfd. Co. Company, 4% conv. pfd. <quar.)_ convertible preferred (quar.) West 2-15 3- 10c Extra Tex-O-Kan 3- 3- 50c Water Haute Texas 6-15 3-1 Terre Texas 1 3- 75c (quar.)__ Chemical $4 1-20 (initial) Toronto (quar.)— 4- 2-19 Wesson 1 Co 2-14 3-15 Ltd.— common 2- : Brewing Co. Toronto (s-a)_ 3- 3-21'" 2-19 W'entworth 1 15c 3-10 2-10 cl. A 3- 1 1 Wellman 2-15 4- 50c 1 2- Corp., preferred Corp 3-10 2-14 (quar.) 3- tiy2c Ltd 3-25 J75c Products Mines, 4- 10c 40c ^ Corp. 40c (s-a) B Gold Talon, Inc, Tampa Electric 3-10 preferred '37%c (quar.) 75c Taggart 50c Brewery, Ltd., Winnipeg preferred (quar.) 4- 1 4% 2-15 1 2-25 62 %c __! Walgreen Company com. 4% pieferred (quar.) 2-15 3- 8 3- Waterous, 2-15 4' 3- 3- Weeden 2-15 (quar.)__; Company 2-15 $25c — $4.50 Oil, 6% preferred 2nd & 2-15 25c Inc., 1 1 2-25 5c 2-15 2- 2-28 15c ; $1 $1.25 prior Norman $4.50 2-25 3- t3iy»c — 3-15 1 62 %c Walker 1 25c 3- 62 %c Warren 5 2- 2-15 * 22 %c 62 %C Warren 5 2- 2-15 3- 1 50c (quar.) 2- 2-15 5c 1 (increased) A 2-15 18c Special (quar.) Shops, 40c 31 %c (quar.) $1.06% (quar.) Vogt Manufacturing Corp. (quar.) Wagner Electric Corp. (stock dividend) 2-18 37l/2c 85C Extra 7% Swift s 3-15 2-28 2-15 1 common (quar.) 6%;. preferred 6% preferred 2-15 common. Co., Drug 3- 91%c Shawinigan Water & Power Co. (quar.) 4% 4% 2 1 1 preferred (quar.) Tool Si Die (quar.) 6% 62y2c (quar.) (quar.) iquan)__ 27 ViC — (quar.) International Investment partic. preference. class Extra 43A% 1 3- common' 4- 3- 1 3- Virginia Dare Stores Corp. class A_c.i^i____ Virginian Railway 2-18 3-10 $1 27y2c :■____ Corp., Shellmar 3- 3-12 50c (quar.) Co. 4% Ltd., Class 3-15 Swan-Finch Co, 7c (quar.) (quar.)_ Superior 3-15 15c Class B Shea's Ray 3-15 4-1 - Candy Participating Servel, Sun 3-15 1 25C Security Banknote Co., common—— $1 preferred (quar.)—_— Serrick 2-15 1 4- 30c Canadian Co., 1 4- Secord Laura Second Oil 25c (quar.) & Co. (Laura) Sun $1.25 Scythes & Co., Ltd., common.,—_—_ 5% preferred (quar.)—____ —— Seaboard Oil Co. (Del.) (quar!)— — Sears Roebuck 2-23 7c Scovill Manufacturing Co., $3.65 pfd. Seaboard 5 1 3- (quar.) Virginia 2-25 ;■ 3- 1 25c Co Co., Vanadium-Alloys Steel 1 25c pfd. common 50C Co Dillon Corp., 3- Co. common preferred $3.40 Scotten Wells 3-11 2-10' Co.— Sugar Virginia Coal 5 3-25 2-10' 2-25 (quar.) Verney 2-16 10c' 56c Suburban 3- .-25c 2-25 (quar.) $5.50 Van 1 3-1 i 4- 50c (quar.) Valley Mould & Iron, com. 1 3- 1-24 4-15 preferred preferred 5% 1 3- 50c Corp. 10c Corp preferred A preferred A 5%% Furniture 20c — :- preferred (quar.) Propane' Gas Corp $1.25 3- 1 1-31 3-10 preferred preferred 5% AcidVvvnvr/-. Stonega Coke & Coal Co 3- $1.12% _____________________ _ _ _ __ Schenley Distillers Schwitzer-Cummins Drug 3-15 $1 2-10 ,*.25c 12%c (quar.)__ 2-15 $1.25 Corp. — Sayre & Fisher Brick Co. (quar.) •. v:. Sterling Motor Truck Co., Inc Stern & Stern Textiles, 4%% $1.25 Arms Savage Bros. 3-15 $1.50 2-19 25c Sterchi Sterling Syracuse (quar.) (quar.)—: A vtc (quar.) A vtc (quar.) (quar.) Safway Steel Products, Inc. (quar.) conv. (quar.)_• (quar.)_ Inc. (quar.) 6-15 12 Vic A vtc A vtc preferred preferred 5% conv. preferred 5% conv. preferred St. Regis Paper Co. 5% '5% Mfg. Co.'(quar.)_ Phosphate & 9-15 $1.25 I 2-28 Stores, 3-15 1 3- 20c :^<.y 12%c Louis-San 40c 1 2-15 10c 50c Inc.— pieferred Knitting 5% 1 2- 5% 1-31 1 2-15 1-31 2-15 4- 1 1 50c & 1 3- Company (A.) 7-1 Utica : 3-15 ' 1-31 4- 3-30 (quar.)___ (quar.)___ Winding convertible Utah-Idaho 1 4- Co. Co., preferred Universal 3- 4-1 4 1-31 (quar.)_: 3- v.2-15 4 2- 2-19 .; Pictures y 2- 3-10 ; Oil' Consolidated Insurance •3-' l tlOc' $$1.25 3-10 $1.50 (quar.) com 3-15 „ pfd. $6 pfd. Universal 1 (increased) 4% Universal 4%% 3-15' $1.25 . Specialty 4-15 1 2-14 1 tl5c (quar.) Inc., 2- 90c (quar.) & 2-15 5- 3-16 1 $1 Corp., Special 2-18 Stein Stores Universal • 40c Corp.,'Ltd. 2-15 3- 9-15 10- 2 Steel 3-15 45c 3-10 1 37y2c Water, 6% pfd. (quar.) Francisco Ry., com. (initial)- St. St. 4-15 2 3-14 10- 50c Shops 2-15 5- 30cu 87y2c Supply Co 42 %c preferred (quar.) — 3-14 -,60c .-4..y,15C Spring Fuel $1 Ryan Aeronautical Co.—————— Ryerson & Haynes; Inc •— Wallpaper, 1 2- State 25c 4%% (Jacob) Ruppert Utilities United quar.) (quar.) Wholesale $25c —— United 3- . (quar.) 5c Common;: (quar.) 5% preferred (quar.) 2-15 2-11 2-17 6-15 — Theatre, 1 3-10 3-15 2-15: 7-1 $1.75 United 3- 3-10 2-15 $1.75 United 1 3-15 $1.75 2-15 , $1.75 Corp., common Special 7% preferred (quar.) 1 62 %c 1 4- 75c common $1 Steel S 4- 3- $1.50 i $1:12% (quar.)_ (quar.)_ Printing & Lithograph Co., preferred (quar.) 3- 9 1 Works 5 3- 1 Standard U 2-10 3- S. 5% 3- 2- 4- Card $1.37% $1.37y2 50c (quar.)—i Equipment :_ Playing 3-15 $1.50 1 Corp. Steel Standard U. 3-15 1 4'- Railway 3-15 $1.75 4- 1 S. ______ r Extra 2-15 10c U. 8-15 3- 3-10' $1.75 Inc. Bros., 5-13 9-15 50c 3-10 Co. Standard preferred Roxy 6-15 $1.25 California (quar.) $1 (quar.)_ 50c Materials, Ltd., com.__ -.v; $50c Partcipating convertible preferred' (s-a)t3iy4c Participating preferred non-cum1. -i_'%y43iy4c: Participating ; :i --,$506 Oil Standard 2-10 $1.75 (quar.) — Inc., $1.50 pfd. (quar.)—— Royal Crown Bottling Co. of Louisville— Roos $1.25 (Indiana) Standard 4-15 Co., & 2-15 (quar.) Corp, $1.12 y2 pfd. F (quar.) 2-15 3-15 & 4-15 1 40c' cl. A (quar.)_ 3-15 of 1 1 45c Co. Mfg. Forgings 5- (increased) 30c common (quar.) — $1.25 (quar.) — $1.25 5% series A preferred (quar.)——._ $1.25 5% priof preferred (quar.)— ._— Rolland Paper Co., Ltd.* 4%% pfd. (quar.) $$1.06% 40c Ronson Art Metal Works (increased quar.) Rockwell Rockwood 3-16 Co., preferred conv. 456", (quar.) Co. Gas $1.60 20c Robinson, Little & Co., Ltd., Rochester Gas & Electric, 4% 11-30* 4-1 preferred (quar.) Standard Dredging Corp. $1.31% Gas Valley Grande Rio 12-20 5% 3- 5- 50c Corp.—_ 8-31* 75c 50c $1 $1.25 preference (quar.)__— Ltd., com. (quar.)_ Chemical 15C 15C , (quar.) Corp. convertible 25c (quar.) (quar.)— Revere Copper & Brass, Inc., common 5'/*% preferred (quar.)— ——. Reynolds (R. J.) Tobacco Co.— Common ' (quar. interim) Class B (quar. interim) Rheem Manufacturing Co., common (quar.) 4%% preferred (quar.) Rice-Stix Dry Goods Co.— 7% 1st preferred (quar.) 7% 1st preferred (quar.) 7% 1st preferred (quar.) 7% 2nd preferred (quar.) 7% 2nd preferred (quar.) 7% 2nd preferred (quar.) preferred A preferred B 6% 2-28* 5-31" (reduced com. 2-28" 9-20 (quar.) Seal Corp.— & Cap Standard Republic Investors Fund— 6% (Conn.) Water Brands, Inc., 10c Owl Red Co. Stamford 3-21 75c Squibb 1-28 (increased quar.) Co. 6-15' 75c Quarteily Quarterly 25c $1 $1 Spencer, Kellogg & Sons (quar.) Spiegel, Inc.. $4.50 conv. preferred 2-15 2-25 1 7- Quarterly (quar.) 50c 2-16 3-10 50c 22 %c — 2-28 1 $5.50 ; 2-10 - 3-12 3- 1 1 50c Spear 2- 1 3- 6-20 2-15 2-28 Foundry 4- $1.06% ' 75c 1 2-28 Pipe & 2-10 (reduced) S Lines Co. (N. J.) common 4%% preferred (s-a) I S. 2-10 1 $1.75 ,7% preferred (quar.)_____ S. Hoffman Machinery Corp.— 4%/% preferred (quar.)I_ U. 1 4- 1-20 3- $25c 1st 2-15 1 1-31 3- $1 2-15 60c Standard non-cum. 3- U. 2-15 62 %C $306 $1.25 _i_—1 2-15 $4 (quar.)_ 3-10 3-15 Inc.— (quar.) 3-21 1 40c Power Shares, Finishing Co., common preferred (quar.') :. 25c 4- $1.50 2-1 5 1-28 $5.50 1st pfd. preferred (quar.) 2-15 2-28 2- 1 2-11 1-17 2-28 (quar.) Company, $5 (quar.) 2-28 1 $25c 2-15 2-15 non-cum. & Co. Coi'p. '(special)____ 30%c 3- 2-9 Insurance — 3- 1 1-24 3,-10 2-28 (quar.) common Light & S. S. 1-31 , 25c Reading Company— 4% Co.— Co. Electric U. U. 4 JJ 1-28 3- 2-15 2-15 $1.12y2 — 25c preferred (quar.) Purity Bakeries Corp. (quar.) Purity Flour Mills, Ltd., common Quaker Oats Co., 6% pfd. (quar.)_ Quaker State Oil Refining Quebec Power Co. (quar.) Rayonier, Inc; (quar.) Ray-O-Vac Company (quar.) 22%c preferred (quar,) ■„5% non-cum. preferred (qUa'r.')___ 5% non-cum. preferred (quar.)_ Southwestern Public Service; com. (quar.)__ Sovereign Investors, Inc —?_ Sparks-Withington Co.— 6% convertible preferred (quar.) 3-31 2- 40c (quar.) Power, common Gas Machinery 37 %c 5c Shoe 2-25 2-11 3-10 (reduced) Edison Natural 50c convertible Extra California Southern 20c V 1 25c (quaf.)__ (quar.)______;— 1-31 35c (quar.)___ Sound Power & Light (quar.) Pullman, Inc. (quar.)____„__ Pure Oil Co., common (quar.) .— 3- Pacific United 2-11 Bag & Paper— Canada 5% 1 Payable of Rec. Share of Company Holders When Per Name 2-18 3- 87%c' $1.05'' (quar. )'_4--_ 25c ,—— Puget 5% Advance 4.80% 3-10 75c $25c pfd. conv. Works Lathe preferred Southern Holders When United Co., Bend 2-15 Electric & Gas— preferred Pulp Co'. Ltd Soundview Southam 90c Co.. Southern — ______ New Public $1.40 Aircraft 85c (quar.) preferred 3.35% 4.20 % Monday, February 14, 1949 Payable of Rec. ,50c (quar.) preferred (quar:) preferred (quar.)__: Oil Co. (quar.)——__— -\3%% 4y2% cap¬ Per Share Socony-Vacuum Southern a each share held__ ital stock for 3%% Gas Indiana of 3/100 dividend) \ ■ CHRONICLE & Sons Carpet— (Alexander) Common South of Indiana— Co. (stock Common Smith Solar 4.40% Public Service . of Company Name Payable of Rec. 35c (quar.) Co. Gamble & (quar.)___ America of Co. Procter & FINANCIAL COMMERCIAL THE (744) :5% preferred (quar.).., preferred (quar.) books •Transfer not .____ closed for this ' dividend. — 53c —— ___, 3- 1 2-15 53c 4- 1 3-15 58%c 58%c 3- 1 1 3-15 Funds, less Canadian in funds; 15% - tax 15%; resident tax 7%. a Less British x Less 30% income tax. 2-15 4- resident tax U. S. Jamaica income tax. Canadian non-residents' deductible at the source. tak':; Nbh- Volume COMMERCIAL THE Number 4777 169 FINANCIAL & Corporation and 6 Mos. Ended Dec. 31— Net Investment News '* ' ' ■ 10) ♦After $4,239,772 participations of __—/ employees ■ and officers certain outside to Sinking 2,141,226 127,000 69,979 foreign sub. from held territories, operating companies sink, 1,266,712 debs., due 1959 (non-current) payable maturing after one year Accounts fund preferred stock (par value $100) stock (par $1)__ Common Capital surplus Earned surplus Total . 782,222 666,336 10,000,000 5,992,000 740,000 5,691,000 960,498 9,717,962 11,569,998 432,683 10,000,000 5,688,000 621,667 6,589,000 960,498 9,717,962 7,405,432 abeyance——- in ... $47,984,034 $53,906,605 —. in foreign territories subject to con¬ tingent liabilities reported. + After reserves for depreciation, amorti¬ zation and replacements of $1,693,479 in 1948 and $1,397,388 in 1947. tAfter deducting U. S. Treasury notes at redemption value: $7,013,047 in 1943 and $3,670,634 in 1947. SAfter deducting $345,543 of lia¬ bilities payable therefrom.r—V. 169, p. 539. consolidated •Not 1,297.660 600,000 $2.95 $2.98 $3.74 Wholesale —V. accounts in the Corporation consolidated owns earnings three-quarter a Equipment Trusts Offered — for the months six are Dec. ended in¬ inc. 641,891 other & other issued revenues- expenses- $3,464,726 3,316,482 $148,244 1,742,283 1,609,945 accruals 107,196 tax accruals •218,113 215,616 •2,804,352 1,764,935 1,199,020 109,584 91,136 1,284,035 1,137,835 $941,705 $5,683,531 $5,861,128 80,085 81,089 1,066,813 1,199,788 1,482,296 84,168 1,010,000 1,010,000 Equip. $392,814 $396,480 $3,629,071 & 1,366 85,980 27,831 $406,492 $397,846 $3,715,051 55,650 667,800 667,800 & 17,424 ' 17,424 1,093 8,098 deducs to const 209,092 64,044 $333,752 110,061 Crl,138 $2,786,446 $316,674 Balance -V. 215,720 Crl8,959 Net ry. oper. incomeIncome $2,905,963 384. p. $860,615 $4,616,718 $4,661,340 64,968 84,890 682,273 764,734 $$301,766 $945,505 $5,298,991 $5,426,074 97,842 378,072 1,222,429 865,615 48,635 46,928 540,562 617,808 $$448,243 $520,505 $3,536,000 $3,942,651 210,000 $2,576,446 169, t$366,734 $3,115,963 Crl,427 income Net Weeden & Co.—Annual Miscell. deduc. from inc. Fixed charges tNet income ♦Includes authorization, at Net ^Deficit.—V. 169, the issue 99.043, Bids 99.596 2s and the Co., Inc., used at estimated cars.—V. cost of about & Hutzler, Bros. Lehman Bros., 99.037. and 99.2399. (Inc.) be net 99.684; Kidder, Peabody & Co., Higginson Corp., Co. a Salomon were: & will 99.092, rate $4,750,000, than less not more for provide to not of year. amounting preferred common previous stock to stockholders, shares of $110,000 dividends of which is month for of compared 1948, of periods $98,000 $3.63 of Regular dividends totaling $2 new paid were share were a INCOME the on preferred paid during the ACCOUNT Freight revenue Passenger Total FOR year on CALENDAR income the u, Total Net and - : accruals Tax Fixed joint and facility fixed for available Income charges rents charges __u 69,407,447 65,570,599 73.32 ^y 81.18 10,029,903 - _____— —— Net • $7,844,570 $10.02 $10,997,654 income Earnings share common per — $15.30 . faith SHEET, 1948, 5, while the May 6, 14.62% increased revenue includec^ $87,028 principally business. • account due to in increase volume of 425,269 508,912 amounts of included In the awards, In $1,132,401 $32,638 1948 the effective of cost and account Oct. 1, DEC. 31, and fuel other ,"Railway tax accruals increased 20.92%. Federal income tax in the year 1948, amounted to $7,366,404, as compared with $4,709,469 in 1947, an Payroll 1947, -increase in taxes of $2,656,935 1948 were due to $2,595,076, increase in compared taxable with (unsecured) Prepaid and income charges in 1948 increased $3,103,973, after fund $7,393,274. on fixed and stock in 1948 compared 7,530 expenses FOR -December— Gross 1948 from Net from Net ry. AND CALENDAR 1947 Notes Due (secured) payable to Securities due $2,855,000 200,000 (unsecured) customers (secured) 6,000 27,000 to customers (at market) and expenses 1945 $8,728,296 $8,599,491 $7,441,627 $6,468,633 2,749,251 2,890,154 1,692,559 income.-- 851,755 998,187 647,425 bonuses Net ry. pper. income—. •Deficit.—V. 94,657,837 80,766,674 30,317,225 25,250,390 15,196,075 13,007,912 10,089,578 6,682,347 169, p. 51. 91,077,915 • equipment has trust authorized the certificates. company See V. 169, yy.." 1947 1948 $2,760,000 2,610,000 2,471,000 $181,000 $289,000 1,000 2,000 $182,000 6,000 $291,000 2,000 67,000 107,000 3,000 Item of stock Earned —V. are subject to a four-year sales agreement effective graduated prices ranging from $39 to $42 per share. share Interstate Minn., the on approximately $342,621.—V: 168, p. in 1949, allow to 10 ICC Examiner claims contractual and market value of 2332. the of to refusal Homer ended 15.63% week Feb. over of the 5, the electric 1948.—V. totaled 1949 output 169, properties p. 119,429,000 102,689,000 of of kwh. this "kwh., for for an the the increase of that was has to prepare Minneapolis, in been adjourned until examinations. cross on whether subordi¬ refused hear proceedings. within not come the did the proceedings. An scope the of application to be filed before May 10. that issue is expected to on The basis for his controlled by Canadian Pacific Ry., holds 103,595 shares at $1 Central to prior its on Ry.—V. p. advances made The Soo Canadian The refunding and 169, and receivership. books. first 5% the of stock common latter the holdings Wisconsin to the in reopening Central to $8,560,285 in testimony Canadian Pacific Ry. should be and issue the order Soo Line, $7,050,087 company involved Kirby Line" "Soo Wisconsin these of parties all hearing reorganization other claims and stock Commission's The West Penn Electric Co.—Weekly Output— output $0.69 5,750 of Power $1,192,000 1,492,000 Adjourned— Commission's Commerce company's present evidence a . Wisconsin Central Ry.—Hearing The mitments with $1,444,000 ' y $0.37 1 1932 31, 294,830 shares on 1300. p. NOTE—The above balance sheet does not include unsettled purchases sales at Dec. 31, 1948, representing ordinary transactions with customers, issuers and security dealers. In addition, the firm as a participant in joint accounts carried by others had contractual com¬ 1948 263,000 1,509,000 surplus since Aug. nated 31, $1,455,000 surplus per 168, May which of shares Dec. $1,665,000 - 50,345 shares 8,050 are 1,273,000 year Dividends 587,261 $4,438,317 in_ this $182,000 1,556,000 221,000 surplus beginning of fiscal 300,000 Total at (est.)_ $109,000 surplus, 318,198 •Included r taxes income 115,876 shares $50 par 4% convertible preferred stock shares no par common stock Line totaling carries Pacific Ry. mortgage bonds owns the of 645. corresponding 645. Yeakley Oil Corp., Alamosa, Colo.—To Withdraw Reg¬ Western Air The for the miles Lines, corporation p. 12-month were flown Inc.—Operating Efficiency 98.32% istration Statement— The reports system a operating efficiency of statement out of a total of 8,679,666 scheduled miles.—V. 169, stock, the • 1948 1947 $ ■ sales—retail gas wells on which of its registration requested withdrawal 4 and covering 1948, "financing used in to .be were 10,000 shares of common drilling make further company's leases." withdrawal been $ 69,305,636 before Provision for prov. for Fed. Federal inc. tax income tax__ for offered 52,089,395 49,026,990 121,395,031 107,619,168 9,396,001 6,998,929 2,793,915 4,644,422 D. earnings states that reorganization," sale or sold.—V. "we and 167, Kearney, 5,750.418 4,205,014 7,546,828 $7.65 $5.60 $10.04 for has been elected demand President lowering President Farrington, RR., Increased manufactures Net earnings per share request wish to that none p. of the a stock has 2178. 12,191,250 3,645,583 John Pacific sales possibly Zonolite Co.—New Director Named— 58,592,178 58,058,393 125,987,662 ; and 1946 67,929,269 Wholesale Net Feb. on April 30, proceeds of oil and of The Net filed . 25,533,041 8,666,113 corporation 98.32% period ended Dec. 31, 1948, when 8,533,467 scheduled 540. ♦Earns, railway.— 107,361,529 and World director.— a (& Sub.)—Earnings— income Capital 444,295 railway Commission 2% deductions Earned •3,644,048 from from of income 2,127 dividend payable Jan. l, 1949_. for Federal taxes (1948) Years Ended Dec. 31— From January 1— Net the of elected profit from operations 4,800 : Surplus at directors of Woodmen been goods sold and expenses Earned 1,710 lent Total net Gross board the JS $2,791,000 Total '$4,438,317 payable Loans YEARS railway— railway oper. Commerce Prov. for Federal Income audit 1946 has sales Other LIABILITIES— with $10.02 in 1947. DECEMBER of Omaha, 11,722 Western Auto Supply Co. (Mo.)—Earnings EARNINGS the of Committee of 540. $2,120,000 Total 57,128 36.277 : 1 fixtures and Available common Chairman Finance Society in providing for fixed and contingent charges, including sinking funds was $10,553,253 as compared with income after providing full dividend of $4.50 preferred stock as stated above, is equivalent to $15.30 per share capital :on for 382,321 ' 1 51. p. Wilson Jones Co. Net : Total decrease of $805,946, occasioned principally by the decrease in unemployment insurance tax rates from 3% to >/2 of 1%, effective Jan. l, 1948. available 993/749 264,094 645. Net a Income p. income. $3,401,022 5,069,571 211,122 262,853 16,017 customers week i-.' .. 3,716,225 718,488 427,371 Bradshaw, the Interstate issue Other receivable from Furniture employees. Increase amounted to approximately materials 169, of 169,' p. 19,680 . _ Due nonoperating $1,900,000. 3,993,220 ,902,852 income Insurance 4,056,904 11,153 . to Life Net 1948 of 1943, 4,483,312 railway™ Emmett Chairman "$25,519 (at book value) (secured) $184,249, respectively. The year 1947 wage awards. There is also included approximately $457,800 accrual for possible wage $1,401,712 year for expenses 48,235 450,788 and ■ the year 1948 increased 11%, .principally due to wage awards to nonoperating employees, effective Sept. 1, 1947, amounting to 82,596,412, and wage awards to the train and enginemen, effective Nov. 1, 1947 and Oct. 16, 1948, in the operating Railway •21,472 Wheeling & Lake Erie Ry.—Equipments Approved— ($3,309,397 pledged)- customers Mail increases. rate 22,304 Western Union Telegraph Co.—New Director— De 1946 1948 1947 year 93,379 19,876 railway oper. •Deficit.—V. YEARS 1947 deposits from Preferred and Aug. 21, 1948; freight revenue for 1947 included approximately 81.5S9.915 i£rom rate increase effective Oct. 13, 1947. Passenger revenue showed a decrease of 0.51%, reflecting a general decrease in passenger business, partly offset by increase in rates which produced additional revenue of $320,234 in 1948, Jan. ry. Cost of Due Provision operating revenues increased 13.42%. Freight revenue in¬ Freight revenue for 1948 includes approximately $16,222,652 horn rate increases granted, effective Oct. 13, 1947, from from Net V. $109,973 interest $3.80 *14.30%, 1945 $335,930 •113,495 $221,905 Good $4,127,212 Railway creased 1946 $205,770 48,595 stock. ASSETS— Accrued ■ 1947 $329,941 dividends common 700,018 BALANCE Securities charges Contingent corporate 1948 Quarter Ended Nov. 30— 3,811,600 $18,188,735 $15,220,487 $11,384,475 5,180,822 5,130,910 4,702,128 13,553,042 10,449,069 7,211,111 1,717,891 1,742,133 2,191,159 837,497 862,366 892,740 income operating Railway Equipment general on 645. $351,714 loss. Accrued 77,044,304 71.76 expenses ratio >''■/>,' income it is still and 541,550 taxes income •Net 1946 12,128,490 operating Operating . 2 of 809,991 1947 $94,629,218 $82,789,469 $68,009,685 5,599,687 5,628,396 7,571,802 107.361,529 94,657,837 80,766,674 ____ _ Gross to •Inventory revenue revenues for period May fAmount available for Alabama—Earnings— ; , railway $124,529,669 $110,976,171 $91,162,944 Expenses following results: 1947 on excess Cash 1948 deficiency 13,818 • ry.: oper. The Inventory (at market) 12 Months Ended Dec. 31— tax From January 1— affected by this stock, 1948 of 2.85% with the pared with 934,272 in 1947, a decrease income p. railway Net for share a holding in this company for an amount somewhat in $100,000. While we expect the transaction to be completed, subject to certain legal details. 907,672 carloads were handled in 1948 com¬ stated that satisfactory. our .. corresponding with rate way 1948, and year ended Dec. 31, December, the at more remained transaction. It was further stated that it was the company's present intention to hold the remainder as a permanent investment. This situa¬ tion has since changed and we have agreed to sell the remainder of releasing income account thur K. Atkinson, President, in from from contract of sale to be paid for in annual instalments during the next four years. The first of these four deliveries was made in January, 1949 so that the earnings for the year 1948 were in no Common Share in 1948—Ar¬ per Gross Net Gross RR.—$15.30 there last Sales Wabash also were $12,000 stock. common December— Net year's report it was pointed out that over a period of years the company had acquired a substantial investment j holding in the Sutter Basin Corp., Ltd. Part of this holding had been sold under a than 169, p. 645. the of 1,000 55-ton hopper consisting of railroad equipment and 25 caboose of bid a Ripley issue cost, standard-guage cars on !%% a Hall & Harris, of the of for Lee were: Proceeds 80% bids Harriman and for awarded was Other Western Ry. of - of earnings After ity. Associated in the offering were R. W. Pressprich & McMaster Hutchinson & Co. sales those over In Co.; Otis & Co.; Freeman & Co.;, The Illinois Co.; and Report— on Jan. 31 said in part: $125,000,000 during the year 1948 were the largest in the company's history and showed an increase of approximately 12 Vz7o 27,000 The $200,000 estimated 1, 1944 to Dec. 31, 1947, now under audit, contingent charges, i.e., capital fund, interest requirements mortgage 4l/2% income bonds, sinking fund and other Weeden, President, Gross prices to yield from 1.30% to 2.25%, according to matur¬ 2.04%. ' Total income 210,000 int. charged rents Other bonds utility plant acquisition adjust. Other fac. $4,101,778 55,650 jt. Dr) $4,073,947 13,678 Amortiz. of Int. $9,962,918 tax ry. 1,988,217 150,854 84,168 income mtge. on $1,389,136 $11,047,948 140,679 1,276,031 ry. res. operating revenue income (net) Gross 1948—12 Mos.—1947 $4,182,214 $46,949,100 $52,405,054 2,793,078 35,901,152 32,442,136 Income (net Philadelphia plan, were the under immediately reoffered, subject to ICC 1948—Month—1947 oper. oper. $$286,649 185,762 31,819 taxes retirement appropriation awarded $380,000 annually Feb. 1, 1950 to 1959, inclusive. The certificates, Subs.)—Earnings— All other ry. tax accruals 6,636,258 43,211 Property Propety Int. 1,913 Payroll 8,716,946 Fed. _ Frank due (& Net rev. from ry. oper. 1948- -12 Mos.—1947 $1,459,155 1,007,580 (excl. taxes) & taxes 1948—Month- -1947 $1,559,592 revenues.. exps., Other 2,125 31, Washington Water Power Co.- -Earnings— Net 258 w (Including Sacramento Northern and Tidewater Southern Ry. Co.) Period End. Dec. 31— Period End. Dec. 31- Operating Oper. 1948 $7,551,000 263 I" 31 Halsey, — equipment trust certificates, series A, $3,800,000 1% % Jan. Western Pacific RR. in which interest, purposes. Virginian Ry. at $7,115,000 III. 31 169, p. 210. Railway Railway operating Stuart & Co. Inc. and associates on Feb. 10 were 1949 Retail units in operation Jan. 1948.—V. 169, p. 384. Fed. in Notes payable to banks, maturing after one year 3%% 397,938 > - ' service film respect of Remittances 2,248,390 50,000 62,091 , 364,092' payments and unapplied collections in Advance 1,699,450 January— Total sales ' --- —— producers requirement for fund 2,241,552 . and others—__i__ 3%% debentures Dividend on pfd.. stock payable Dec. 1_——~ tRes. for est. Fed. inc. and excess profits taxes Owing 425,000 3,865,633 earnings of the Devonian Company, part of the Petroleum cluded 49 f charges and taxes. NOTE—No Warren and sundry accruals (curent) $2,322,783 Est. liability for retroactive studio wage in' 'creases and vacations —.___*—-—277,000 Month of \ , Accounts payable 1946 $22,908,312 5,005,969 _____— (745) January Sales Show Decline- 1947 $50,921,679 $36,412,526 _ Earnings per corpmon share——_. ' • Accrued 1943 revenue— shares outstanding Common ... (Continued from page LIABILITIES— income •Net ' . and sales \ (& Subs.)—Earnings- Warren Petroleum Corp. General CHRONICLE of for a costs In building steel required.—V. 168, p. 390. the company's Zonolite vermlculite, of Chicago, Island Rock & director. the Co., said. light-weight product The T. A. continues, company aggregate, mines and which used is structures by decreasing the amount oX . - 50 COMMERCIAL THE (746) Monday, February 14, 1.94f> CHRONICLE FINANCIAL & STATE AND CITY DEPARTMENT NEGOTIATIONS BOND PROPOSALS AND • - \ , '7 NVvfri'i1,' IV. \ . »v*. \ vj t;.? SVV ~;v 'V'*- '■ »:> of Payment for and delivery 1%. bonds will be made in the of the est (F-A) Treasurer^ Fort Lauderdale, Fla. Apache County, County High Sch. office of the Board of Supervis¬ shall specify in his bid the rate or Certificate Sale Details — The Dist. (Pi O. Saint Johns), Ariz. ors. These are the bonds author¬ rates of interest he desires the $2,500,000 recreational center rev¬ /Bond Sale—The $400,000 school ized at the election held on Dec. bonds to bear, and the premium enue certificates purchased by the bonds offered Feb. 7—v. 169, p. 17, 1948.;; Enclosev a certified or offered, if any. Bidders may make Universal Construction Company 541—were awarded to a syndicate cashier's check for 3% of the one or more alternative bids or of Fort Lauderdale, as 4s, at a composed of Boettcher & Co., of amount of the bonds bid for, pay¬ offers for the bonds at different price of 97.50, a basis of about Denver; Lee Higginson Corp.; able to the Chairman Board of interest rates. Split rate interest 4.J4$>, as previously noted in v. bids will be received and it shall Barcus, Kindred & Co., of Chi¬ Supervisors. 1. 421 are dated Sept. 1, 1948, not be necessary that all bonds cago, and Refsnes, Ely, Beck & ind feature Sept. 1, as follows: Ella School District, Yuba County shall bear the same rate of inter¬ Co., of Phoenix, on a bid reflecting (P. O. Marysville), Calif. a net interest cost of about 2.80%, $50,0bq in 1950, $52,000 in 1951 est, but such interest shall be in a Bond Sale—Trie issue of $37,as follows: multiple of Yt of 1%. The pur¬ and 1952>$53,000 in 1953, $54,000 000 school bonds offered or* Feb 7 chaser will be required to furnish in 1954, $57J)Q0 in 1955, $60,000 in $14,000 lV4s. Due July 1, 1950. was awarded to the Bank. of s own legal opinion as to the 1956, $63,000 mO.957, $65,000 in 14,000 IV2S. Drie July 1, 1951. America National Tms1r~& Sav¬ legality of the bonds. These bonds 1958, $67,000 in 1959, $69,000 in 15,000 l%s. Due July 1, 1952. ings Assocation,^-or San Fran¬ are part of a $.190,000 issue author'J 1960, $72,000 in 190)1, $76,000 in 49,000 2s. Due July 1, from 1953 cisco, at a price of 100.132, for ized at the election held "on-Dee.^, to 1955, incl. 1962, $79,000 in 1903, $82,000 in ' $22,000 3y4s and $15,000 3s. 1948. Enclose a certified or cash¬ 1964, $86,000 in 1965, $89,000 in 17,000 2y4s. Due July 1, 1956. ier's check or certificate of de¬ 1966, $92,000 in 1967, $96,000 in 56,000 2M>s. Due on July 1, from Kern County Olig Sch. Dist. (P. O. posit for $1,000, payable to the 1968, $100,000 in 1969, $104,000 in 1957 to 1959, incl. ; Bakersfield), Calif. Chairman Board of Supervisors. 1970, $108,000 in 1971, $113,000 in 235,000 23/4s. Due on July 1, from Bond Offering — The Clerk of 1960 to 1969, incl. 1972, $117,000 in 1973, $122,000 in the Board of Supervisors will re¬ V »' fi ,r tion $ 1,000;: Due. March > 1, as( FLORIDA payable at the County office. Each bidder • , ' "Ci; r- *-■ | a'- %ii ARIZONA^ i v, V-V'.',- ' • (•. \ , fol¬ lows:;: $17,000 in 195i; $18,000 "in 1952 to 1954, $1.9,000 in 1955 to '.it;.,-. .Op¬ 1957, $20,000 in 1.958 and ,7959, $21,000 in I960" to 1962, and $22,000 in 1963 and >1964. Principal and interest (M-S) payable at the County Treasurer's office,. or at the Irving Trust Co., New York Y, City, at the option of the holder. • Bidders shall submit bids specify¬ ing (a) the lowest rate of interest and premium, if any, above par» which at bidder the chase such bonds, or * bidder will - pur¬ (b) the low¬ interest of rate est will which at purchase such the bonds at par and accrued interest to date delivery. The bonds are sub¬ of .. the bonds All dated Jan. 1, are pons; terest the entire issue will bear in¬ to total 4%. from April 1, 1949 to 14 for ceive sealed bids until Feb. the school $200,000 of purchase Hartford Housing bonds. July 1, 1950, Sale—The Note Kingsbury Joint Union Sch. Dist., Fresno, Kings and Tulare Counties Authority, Conn, $3,314,000 tem¬ loan series M-3 notes of¬ fered on Feb. 10—v. 169, p. 646— porary awarded were as follows: \ 1974, $127,000 in 1975, $130,000 in 1976 and 1977, and $135,000 in 1978. All of said bonds maturing in 30 —were awarded to Kirby L. Vid- Phoenix, at rine & Co. of of par, as price a Blyth & Co., and the William R. Staats Co., both of Los Angeles, 2 Mi's, at a price of a basis of about 2.427%. Dated Aug. 1, 1948 and due on Aug. 1 from 1964 to 1973 inclusive. Second high bid of jointly, 100.151, follows: as No. 79 July 1, 1950; $8,000 l3/4s, due on July 1, 1951 and 1952; $4,000 100.06 for $30,000 2%s and $70,2s, due July 1, 1953; $8,000 000 2Mi s was made by the Bank of 2V4s, due July 1, 1954 and America, National Trust & Sav¬ 1955; $12,000 2M>s, due July 1, District School $48,000 bonds: 1956 lV2s, $4,000 inclusive, 1958 to due and $12,000 2%s, due July 1 from 1959 to 1961 inclusive. School High Litchfield 72,000 lM>s, due July 1, 1950; $8,000 l%s, due July 1, 1951 and 1952; $4,000 2s, due July 1, 1953; r $4,000 bonds: District $8,000 2M4s, due July 1, 1954 and 1955; $12,000 2M>s,? due July 1, 1956 to 1958 inclusive; $12,000 2%s, due July 1, 1959 to 1961 inclusive; $8,000 2.70s, j due 1, 1962 and 1963, 2%s, due on July July and $16,000 Y? 1 from of the bonds All . 1964 to 1967 inclusive. dated Jan. are 50,000 2 ZA s. Due on June 15 from 1962 to 1966 inclusive. All of the bonds Clinton), Sale—The Bond hospital bonds Ark. $65,000 county offered Feb. 9— 169, p. 646—were awarded to J. C. Bradford & Co., of Nashville, a price of second 104.25. The highest bidder was W. R. Stephens Investment Co., Little Rock, at a price of 104.10. CALIFORNIA Belvedere, Calif. Bond Sale Details—The bonds sewer $180,000 purchased by R. H, Co., of Los Angeles, at a price of 100.006, as previously noted in v. 169, p. 421, were sold at; a net interest, cost of about Moulton & 2.28%, as follows: $70,000 2s. Due on Dec. 15 from ;%"• 1949 to 1962 inclusive. 70,000 2y4s. Due on Dec. 15 from 1963 to 1969 inclusive. 1970 to 1973 inclusive. Whittier Sch. Dist., Los Ang. a premium of $3. notes are dated 1949 and mature on Feb. 21, from 21, 1950, Shelton Housing A uthority, Conn, 1977 1962 to 1976, and without years 1978. or Note Sale—The Calif. Sale—The $252,000 school Offering—Justin A) Elliott, Note purchase of $243,000 tem¬ for the loan notes. Dated Feb. 23, 1950. The va¬ porary 1949. of United Paying States has agent municipal on Co. Trust been ing Agent — of New appointed the The pay¬ $2,500,000 recreation 4% revenue bonds. Due Feb. 23, lidity Names York Feb. offered 7—v. 169, p. awarded to the Secur¬ the purchaser designates in his pro¬ ' • cago, and the California Bank, of posal. Los Angeles, jointly, as 23/4s, at Wethersfield Housing Authority, a price of about 101.50 a basis of Connecticut Webber, Jackson & Curtis, of Chi¬ about 2.61%. Due on Dat^d March 1, 1949. March 1, from 1951 to 1970, Note Offering—Edward Adams, highest bidder Secretary, will receive sealed bids until 11 a.m. (EST) on Feb. 15 for was R. H. Moulton & Co., and the purchase of $266,000 temporary Security-First National Bank, of loan notes. Dated Feb. 18, 1949. Los Angeles, jointly, for 23/4s, at a Due Feb. 18, 1950. The full faith price of 100.31. .?•. and credit of the Authority will second The Albany, Ga. Bond city „ - , Round Lake $ tifary;; v; District (P. O. Roiind Lake), 'v " ^ Illinois . Sale—The bonds awarded to $130,000 23/4% offered Clement Feb. A. 8 < were Evans & . . Details—The Sale Bond $300,- 000 sanitary sewer y bonds pur¬ chased by Benjamin Lewis & Co., of Chicago, as previously noted in 169, v. 422—were sold at a p. 102.766, of price follows: 1950 bonds The inclusive. 1958 to 3 M>s. Due dated are Denomination cipal and interest the & be 1, Prin¬ payable (M-S) Bank Trust to 1 Sept. $1,000. National American at ■ Sept. on 1968 inclusive* to from 1959 1948. - , Due on Sept. 1 from $120,000 2s. 180,000 interest net a cost of about 3.16%, as Co., Chicago. Legality approved by Chapman & Cutler, of Chicago. The bonds are payable from unlimited ad valorem taxes. • Med or a, Sale Bond chell of New York. Secretary, will receive sealed bids until 11 a.m. (EST) on Feb. 17 ■ ILLINOIS Principal and in¬ terest payable at the office of the City Auditor and Clerk or at the Southington Housing Authority, r:j Connecticut cash de¬ or Lidid CQunty^ 1961, with the premium decreas¬ ing thereafter y4% for each year premium if redeemed in the Feb. Dec. 16, 1947. En¬ or Sarasota, Fla. /.■ -■ t;-' notes and of the Certificate Offering—L. B. Ashguaranty will be approved by by, City Auditor and Clerk, will ity-First National Bank, of Los Robinson, Robinson & Cole, of receive sealed bids until noon Angeles, as 2y4s, at a price of Hartford, and a copy of such opin¬ (EST) on Feb. 23 for the purchase 100.03, a basis of about 2.24%. by the of $45,000 3V2% water revenue se¬ Dated March 1, 1949. Due on ion will be furnished March 1 from 1950 to 1974 inclu¬ Authority to the successful pur¬ ries A 1949 certificates. Dated Jan. chaser or purchasers without 15, 1949. Denomination $5,000. Due sive. The second highest bidder charge. The notes Will bear in¬ $15,000 July 15, 1951 to 1953, Prin¬ was the Bank of America Nation¬ terest at the rate or rates per an¬ cipal and interest payable in Sa¬ al Trust & Savings Association, of num fixed in the proposal or pro¬ rasota. The certificates will be San Francisco, and Associates, for posals accepted for their purchase, subject to redemption at any time $75,000, as 2s, $90,000 as 2y4s, and will be issued in such denomina¬ prior to their respective matur¬ $87,000 as 2M>s, at a price of 100.09. tions, and both principal and in¬ ities, either in whole or in part, at will be payable at such par and accrued interest. Enclose Paramount Sch. Dist., Los Angeles terest County (P. O. Los Angeles), Calif. bank or trust company incorpo¬ a certified or cashier's' check for Bond Sale—The $144,000 school rated under the laws of the State $1,125, payable to the City. bonds offered Feb. 8—v. 169, p. of Connecticut or any other State 646—were awarded to Paine, or of the United States, as the GEORGIA incl. 40,000 2M»s. Due on Dec. 15 from East dated June Valley School District, Marin Mill 421—were , v. at are 15, 1948. Denomination $1,000, bonds County (P. 0*«> Bitren Van plus The Treasurer. -1 Bond ARKANSAS interest. York, at 0.86% 250,000 to the Hartford National Bank, of Hartford, at 0.85%, the at of the amount bid, payable to the County of the, United States Trust Co., New York $540,600 tempo¬ City. Said bonds iri the opinion ings Association. rary loan, series M-l notes offered of counsel, are valid and legally Feb. 9—v. 169, p. 656—were binding special obligations of the Manteca, Calif. awarded as follows: City, payable as to both principal Bonds Sold—An issue of $180,000 water and sewer bonds has $440,600 to Salomon Bros. & Hutz- and interest solely from the rev¬ ler, New York, at 0.91% inter¬ enues to be derived from the mu¬ been sold to the Bank of Manteca, nicipal recreation facilities of the est, plus a premium of $8.95. Ut a price of 100.005, a net inter¬ 100,000 to the Hartford National City and the net proceeds of Util¬ est cost of about 2.32%, as follows: Bank, Hartford, at 0*89% in¬ ities Services Taxes in the man¬ $60,000 2s. Due on June 15 from ner provided in the Bond Resolu¬ terest, plus a premium of $7. 1949 to 1954 inclusive. Dated Feb. 16, 1949. Due Feb. tion. Legality approved by Cald¬ 70,000 2 M>s. Due on June 15 from well, Marshall, Trimble & Mit¬ 1955 to 1961 inclusive. 16, 1950. County (P. O. San Rafael), 1, 1949. all of New on certified check a These authorized bonds posit equal to 5% ment date . Bankers Trust Co., close 1954 to 1978, are callable after days' published notice, on Sept. 1953, conditioned. so the election held on any interest pay¬ thereafter, in whole or in part in inverse numerical order at par and accrued interest tor gether with a premium of 4% if redeemed in the years 1953 to 1, . (P. O. Fresno), Calif. Districts % Bond Sale—The $100,000 build¬ $3,064,000 notes to a group; com(P. O. Phoenix), Ariz, : posed of J. P. Morgan & Co,, Bond Sale—The $120,000 bonds ing bonds offered ©n Feb. 8—-v. Inc., National City Bank, and p. 646—were awarded to offered on Feb. 7—v. 169, p. 541 169, Maricopa County School be must are Chapman & and all bids Chicago, Cutler, of CONNECTICUT 1949. In addition to the above cou¬ by ject to approval III. Details The $5,000 — hall construction bonds, previously mentioned in v. 169, p. 152, were awarded to the Farmers State Bank, of Medora, as 4s, at a price of par, are in the denomination of $500 and are due on Dec. 1 from 1949 to 1958 inclusive. village Moline, III.; >y Bonds Sold—An y1' *y ; ■ ; *... ■ of $500,- issue sold y late in 1948 to the White-Phillips 000 water revenue bonds was Co., of Davenport, as 3M»s, at a price of 100.411, a basis of about 3.46%. Dated Dec. 1, 1948. Due 011 Dec. 1 from 1952 to 1978 inclusive. $70,000 bonds due in 1968, 1973 and 1978, are callable on Jan, 1, i9>». - . yy . INDIANA •. ■ c. '* y(; Gary School City, Ind. Bond Sale—The $440,000 school y improvement, series 43 bonds of¬ 422—were fered Feb. 8—v. 169, p. to awarded the First National Bank, of Chicago;. Fletcher Trust Co., and The Indianapolis Bond & Share Corp., both of Indianapolis, jointly, as 2s, at a price of 100.52, a basis of about 1.95%. Dated Feb. Co., and Courts & Co., both of 1, 1949. Due on Feb. 1 in 1961 and 1962. The second highest bidder Atlanta, jointly, at a price of about 107.06, a basis of about was Braun, Bosworth & Co., Inc.; R. S. Dickson & Co., and Raffen2.42%. Due on March 1, from 1965 to 1977, incl. bidder was The second highest John, Lane, Space sperger, Hughes & Co., jointly, for 2s, at a price of 100.17. _ . - County (P. O. Los Ang.), Calif. Bond Offering — W. G. Sharp, Portola Elementary Mateo County Clerk, will receive sealed bids until 10 a.m. (PST) on Feb. purchase of $245,000 not exceed 5% interest building City), Calif, to Dated March nomination $1,000. as 1, 1949. De¬ Due March 1, follows: $10,000 in 1951 to and 1955, purchase of $86,000 not exceed 5% interest building to cipal and interest (M-S) at the County Treasury. a for the prompt pay¬ principal of and inter¬ the notes and the payment & Co. ' on thereof will be guaranteed by State of Connecticut. of ' Goshen School City, pledged the notes and the The validity of the guaranty approved by Robinson, Robinson & Cole, of Hartford, and will be Bond IDAHO ment of the ination $1,000. Due ■ t >■ t • .. (♦/ Ind. Sale—The $288,000 build¬ of 1949 bonds offered Feb. 7 169, p. 647—were awarded to the Milwaukee Co., of Milwaukee, ing Bingham County (P. Blackfoot), Idaho O. —v. Offering—V. F. Wootton, of Is, at a price of as County Clerk, will receive sealed bids until 10 a.m. (MST) on Feb. Bond 23 for the purchase of $275,000 bonds. Dated Feb. 1, 1949. Denom¬ a. copy of such opinion will* be not to exceed 3% interest hospital Feb. 1, as fol¬ furnished by the Authority to the payable general obligation coupon bonds. Rate of lows: $4,000 in 1950 to 1970, and successful purchaser or purchasers Dated March 1, 1949. Denomina¬ multiple of Yi $2,000 in 1971. Principal and inter¬ without charge. $15,000 in 1956 to 1968. Prin¬ interest to be in Augustus, County Clerk, will receive sealed bids until 10 a.m. (PST) on Feb. 15 for the be est r Bond Offering—W. H. 15 for the bonds. Sch. Dist., San County (P. O. Redwood y . about 0.98%. 100.06, a basis Dated Jan. 30, from June 1949. Due semi-annually 30, 1950 to June 30, second highest 1954, incl. The bidder was F. S. Moseley & Co., for iy4s, of 100.51. at a price Volume 169 Number 4777 FINANCIAL CHRONICLE COMMERCIAL THE - Everett, Mass, Louisville, Russell, Long & BurkNote Sale—The issue of $750,000 lOlder, and the Security & Bond Co., both of Lexington, jointly', at notes offered Feb. 10 was award¬ Bond Sale The $94,800 2*/4% ed to the National Shawmut Bank a price of 101.55, a basis of about school building "bonds offered Feb. of Boston, at 0.682% discount. The 3.00%, as follows: 3—v. 169, p. 542-—were'-awarded Middlesex County National Bank to Quail & Co., of Davenport, at $27,000 3V4s. Due on July 1 from of Everett, second high bidder, 1951 to 1953 inclusive. • a price of 101.22. Due serially over named a rate of 0.712%. 277,000 3s. Due on July 1 from a period of 20 years. Notes are dated Feb. 10, 1949. • IOWA - ' ' Brandon Con. Sch. ;'A Dist., Ia. — 1954 to 1970 School District, la. Ind. Greene Bond Offering inclusive. 96,000 S^s. Due July 1 from on to 1974 inclusive. 1971 Shirley HinDated Jan. 1, 1949. The second richsen, Secretary of the Board of Directors, will receive bids until highest bidder was Pohl & Co., for 1:30 p.m. (CST) on Feb. 15 for the $124,000 as 3s, and $276,000 as 3V4s purchase of $50,000 building at a price of 101.51. bonds. Dated March 1, 1949. De¬ LOUISIANA nomination $1,000. Due Nov. 1, as follows: $2,000 in 1950 to 1966, $5,- Acadia Parish (P. O. Crowley), La. 000 in 1967 and 1968, and $6,000 Bond Sale Rejected — All bids in 1969. These thorized at — the bonds are election the au¬ held on received for the exceed 4% $1,000,000 not to interest house court Denominations $25,000, $10,000 and $5,000. Due Nov. 9, 1949. Payable at the National notes will genuineness validity and Shawmut National Boston. of The authenticated be Authority will furnish an opinion of Storey, Thorndike, Palmer & Dodge of Boston, approving the validity of the notes and of the guarantee of the payment of the principal of and interest on said notes by the Commonwealth. The expense of such opinion will be borne by the Authority. $50,000, Bank Shawmut* Bank to as the by of Bos¬ Newton, Bond Whitman, Treasurer, bids Feb. on until 16 will p.m. the for 1 pur¬ chase of $1,500,000 coupon public building bonds, Act of 1948. Dated Feb. 1, 1949. Denomination $1,- of Proctor & The notes will 000. Due $75,000 on Feb. 1 from be ready for delivery at said bank 1950 to 1969 inclusive. Bidder against payment in Boston funds to name a single rate of interest, on or about Feb. 10, 1949. advice under ton, Devers, of Boston. expressed in a multiple of y4 of Authority, Mass. 1%. Principal and semi-annual Note O f f e r i lig— William R. interest payable at the First Na¬ tional Bank of Boston. " The bonds Maderiros, Chairman, will receive sealed bids at the State Housing will be authenticated by said - Board, 18 Tremont St., Boston, un¬ bank til 1 p.m. opinion Bond is required. Offering E. — Shaw, D. Secretary-Treasurer of the Parish School Board, will receive sealed Bonds Sold—An issue of $3,500 bids until 11 a.m. (CST) on March school bonds has been sold to the 3 for the purchase of $250,000 not Melbourne Savings Bank, of Mel¬ to exceed 5% interest school bourne, as 2s, at a price of par. bonds. Due March 1, as follows: V*' Waterloo, Ia. $13,000 in 1950 and 1951, $15,000 Bond Offering — H. W. Wente, in 1952 and 1953, $16,000 in 1954 City Clerk,, will receive sealed to 1956, $17,000 in 1957 to 1959, bids until 8 "p.m. (CST) on Feb. 14 $18,000 in 1960 and 1961, $19,000 in for the purchase of $13,500 sewer 1962,. and $20,000 in 1963 and 1964. special assessment bonds. The Interest M-S.1 Bids must state the bonds will be furnished by the proposed rate and premium. City and the legal opinion by Bonds to be sold subject to deliv¬ the purchaser. ery at the Secretary of State's of¬ fice, on date bonds are registered. Rhodes Con. Sch. Dist., Ia. .4, KANSAS >r ^ Enclose check for 2% Arkansas City, Kan.- Bond Clough, Offering City — certified a James F. Clerk, will receive sealed bids until 10 a.m. (CST) on Feb'. 14 for the purchase of $51,"370 bonds, divided as follows: , of the bid. Ponchatoula, La. V:, , cashier's or Sale—The $120,000 Bond public improvement bonds offered Feb. 3 New of Weil awarded to were Orleans, & and Arnold, Barrow, $48,000 Storm Sewers and Drains Leary & Co., of Shreveport, joint¬ 1%% bonds. Denomination ly, at a price of 100.12, a net in¬ • $1,000. Due $2,000 March and ■ f $3,000 Sept. 1950 to 1958, 1, ^vv and $2,000 March and $1,000 <!Sept. 1, 1959. Enclose a certi" fied check for .2% of the Y terest 1951 to Denomination bonds. 2% $500, one for $370. Due March 1, as follows: $370 in 1950, and 1951 to 1956. Enclose $500 in • certified check for 2% of the a 3.32%, as 1, from Due Feb. 1, from on 1963, incl. 46,000 3V2S. Due on Feb. 1, from 1964 to 1969, incl. St. Bernard No. 1 Parish School District (P. O. Chalmette), La. $200,000 school Bond Sale—The bondjs offered Feb. 10—v. 169, p. amount bid. M'"fc The National Bank of Boston. bonds which will be ready for de¬ on or about March 1, 1949. — has signed the agreement, appear¬ ing on each note, to act as Fiscal Agent. The notes will be delivered to the purchaser at said bank against payment in Boston funds. Arrangement will be made for payment at maturity in New York if desired. The Authority will furnish an opinion by Storey, Thorndike, Palmer & Dodge, of Boston, approving the validity of the notes and of the guarantee of the payment of the principal of and interest on said notes by the Commonwealth. The expense Of such opinion will be borne by the Authority. Hays, Kan. ; , ,Bond Offering 2.84%, as (CST) bids Due 193,000 until 2%s. 1951 to on Due 1969 Feb. 1, 1950. Feb. 1 from incl. 8 on purchaser not later than April 1, 1949! Every effort will be made to prior to this date. effect delivery The City will furnish the printed bonds and the approving opinion and due on Nov. 4, 1949. The notes are dated Feb. 9,1949. Denominations $50,000 and $25,000. Due Nov. 4, 1949. Payable at the First National Bank of Boston. awarded will be delivered revenue were of — The $155,000 water bonds offered Jan. 26 awarded to Russell & Long, Lexington, as follows: 1949, at — $82,000 31/4 s. Due on Jan. 1 from 1950 to 1965 inclusive.,/ 73,000 3V2S. Due on Jan. 1 from ' 1966 to 1974 inclusive. Richmond, Ky. Bond Sale The $400,000 — 7 — awarded v. to sewer 1949 bonds offered 169, p. 647 — were Almstedt Bros., of revenue, series Feb. * each on redemption there¬ prior to July 1, 1971. Principal and interest (J-J) payable at the State Savings Bank of Ann Arbor. Registerable as to principal only. Rate of interest to be in a multiple of y4 of 1%. Bids or shall be conditioned upon the un¬ qualified opinion of Miller, Canfield, Paddock & Stone, of Detroit, approving the The bonds. legality cost of the of such opinion and the cost of printing the bonds paid by the City. Bonds wil Detroit, Chicago or New York City. Enclose a certified will be be delivered at cashier's check for or $35,000, City Treasurer. able to the pay¬ Birmingham, Mich. of furnished Bonds principal or successful bid¬ registerable as to the holder's option at both to as the are principal Bond sealed bonds, divided 169, p. 648—were awarded at 0.68% discount, as follows: $175,and National $3,000 in 1950 to $9,000 in 1965 to 1969, the option of redemption of bonds maturing in 1965 to 1969, in inverse nu¬ merical order on any in¬ terest payment date on or af¬ and County Trust Co., ter Oct. 1, 1964. 50,000 Bridge bonds. Due Oct 1, ; as follows: $2,000 in 1950 to 1964, and $4,000 in 1965 to 1969, $175,000 to Second Bank, of Boston. coupon follows: as follows: as ' v. Norfolk p.m. (EST) purchase of exceed 3% in¬ with Sale—The $70,000 tempo¬ loan notes offered Feb. 8— to 2 $100,000 Sewer bonds. Due Oct. 1, follows: $3,000 in 1950 to Note Dedham, receive the $150,000 not to general obligation . 000 until for terest Norfolk County (P. O. Dedham), Massachusetts rary 21 Han- E. will Clerk, bids Feb. on and ''?}■.? Offering—Irene ley, "City with the tion of 1965 to Oct. 1, 1964. Feb. 8, 1949. Due on Nov. 10, 1949 South Deerfield Water Dist., Mass. Note Offering—George E. Clapp, Treasurer, will receive sealed bids in care of the Day Trust Co., of option of redemp¬ maturing in 1969, in inverse nu¬ merical order on any interest payment date on or after Dated bonds ; Dated Feb. 1, 1949. Boston, until noon (EST) on Feb. 15 for the purchase ; of $124,000 water main coupon notes. Dated March 1, 1949. Denomination $1,-: Second National Bank, of Boston, at 0.74% interest. of 1%. Principal and interest payDay Trust Co., of Bos¬ able at the The ton. notes will be will to be the without furnished bidder. Enclose a cost certi¬ prepared 15, 1949. Due on Aug. ; highest bid¬ under the supervision of and cer¬ payable to the City Treasurer. tified as to genuineness by the Di¬ Cape Ann National Burton Township School District Bank, of Gloucester, at 0.78% in¬ rector of Accounts, Department of No. S (P.O. 4093 Barnes Ave., Corporations and Taxation, Com¬ terest, plus a premium of $3. Dated Feb. fied cashier's check for $3,000, Bond Offering—Ray B. Kinder, 1949. The second 15, the der was r,.;♦;*■ \Hampden County monwealth (P. O. of Massachusetts. Watertown Housing Authority, Massachusetts v Sale—The issue of $90,000 offered on Feb. 8—v. 169, Offering Gertrude A. National Second Bank highest next of bidder, re¬ ceive — bids sealed until 11 named a Feb. 000 Dec. 17, on 30, Feb. 1949 Nov. validity mut by Bank for and payable $800,- and $200,000 on Notes will be au¬ to genuineness and 8, 1949. thenticated 16 as the of National Boston, Shaw¬ under ad¬ vice of Storey, Thorndike, Palmer Dodge, of Boston. 0.746%. 5 -• •• . . . .. -f * 2 Ann Arbor, Mich, Bond Offering — Fred C. Perry, Mich. Board of Edu¬ sealed bids on 'Feb. 24 for $125,000 not to 3V2% interest building bonds. Dated Feb. 1, noon (EST) purchase coupon of Denomination 1949. $1,000. Due $40,000 in 1951, and $45,000 in 1952. $25,000 maturing in 1952 will be subject to redemption prior to maturity, at the option of the Dis¬ June 1, as follows: 1950 and trict MICHIGAN * , the pur¬ chase at discount of $1,000,000 notes issued in anticipation of revenue for the year 1949. Dated on of the receive will exceed on a.m. •- (EST) rate until the Note Boston, Barrows, City Treasurer, will Secretary of cation, The Haverhill, Mass. Note Flint 3), De¬ livery will be made at Day Trust Co., of Boston, for Boston funds. Springfield, at 0.67% discount. notes Dated Feb. 9, 1949. Due Nov. 8, p. 648—was awarded to the Na¬ 1949. The second highest bidder tional Shawmut Bank of Boston, 0.74% discount. Dated Feb. was the First National Bank, of at 15, 1949 and due on Aug. 15, 1949. Boston, at 0.73%. & or in any ment dates numerical on and interest order pay¬ after June 1, and accrued interest, notice published not less than 1951, at on inverse one or more par 30 days prior to the date fixed receive sealed bids until 3 p.m. (EST) on March for redemption, at least once in 7 for the purchase of $1,750,000 a newspaper or publication cir¬ not to exceed 3V2 % interest sew¬ culated in Detroit, which carries as part of its regular service, no¬ age disposal system revenue, se¬ of the sale of municipal ries 1 coupon bonds. Dated Feb. 1, tice City Clerk, will Due bonds. follows: .$40,000 in 1951 (J-D) Principal and interest payable at „the Citizens & Savings Bank, to 1953, $45,000 in 1954 to 1956, Commercial $50,000 in 1957 to 1959, $55,000 in Flint. Bids shall be conditioned up¬ 1960 to 1962, $60,000 in 1963 to the unqualifed opinion of 1965, $65,000 in 1966 to 1968, $70,- on 000 in 1969 to 1971, $75,000 in 1972 Berry, Stevens, Barbier & Evely, and 1973, $85,000 in 1974 to 1976, of Detroit, approving the legal¬ and $95,000 in 1977 and 1978. ity of the bonds. The cost of Bonds maturing in 1960 to 1978 said legal opinion and of shall be callable for redemption at the printing of the bonds will be the option of the City, in inverse paid by the District. Bonds will 1949. July 1, Denomination $1,000. as on or about Feb. 15, 1949. Due on Aug. 15, 1949. The the First National second highest bidder was the Na¬ be delivered at Detroit. Enclose Bank of Boston, against payment tional Shawmut Bank, of Boston, numerical order, on any interest payment date on or after July 1, a certified or cashier's check for in Boston funds. at 0.76% interest. payable to the District 1959, at par and accrued interest $2,500, Milford Housing Authority, Mass. Cambridge Housing Authority, plus premiums as follows: $30 on Treasurer. Mass. Note O f f e r i n g—Laurence S. each bond called for redemption Detroit, Mich. Note Sale The $950,000 tem¬ Jaques, Chairman, will receive on or prior to July 1, 1961; $25 on Bond Offering—John N. Daley, porary loan, second series notes sealed bids at the office of the each bond called for redemption offered Feb. 1—v. 169, p. 647— State Housing Board, 18 Tremont thereafter but on or prior to July City Controller, will receive seal¬ ed bids until 10 a.m. (EST) on were awarded to the Second Na¬ Street, Bostpn, until 1 p.m. (EST) 1, 1963; $20 on each bond called Feb. 16 for the purchase of $793,tional Bank, of Boston, at 0.823% on Feb. 14 for the purchase of for redemption thereafter but on 105.22 not to exceed 3% interest interest. Dated Feb. 11, 1949. Due $50,000 temporary loan notes. or prior to July 1, 1965; $15 on 1948 special assessment coupon or on Feb. 10, 1950. The second high¬ Dated Feb. 21, 1949. : Dtie Jan. 20, each bond called for redemption est bidder was the National Shaw- 1950. Principal and interest there¬ thereafter but on or prior to July registered bonds, divided as fol¬ lows: mut Bank, of Boston, at 0.87% in¬ of will be payable at The National 1, 1967; $10 on each bond called terest. V Shawmut Bank of Boston. The for redemption thereafter but on $42,913.70, Street Paving, Series A 10, Columbia, Ky. Bond Sale on . the to Lynn Housing Authority, Mass. Stinson, Mag, Thomson, Mc- The notes will be authenticated as Note Sale—The $70,000 tempo¬ Evers & Fizzell, of Kansas City. to genuineness and validity by the rary loan notes offered Feb, 8— Enclose a certified or cashier's First National Bank of Boston, un¬ v. 169, p. 648—were awarded to check for $12,000, payable to the der advice of Ropes, Gray, Best, the Second National Bank, of Bos¬ City. Coolidge & Rugg, of Boston. Notes ton, at 0.74% interest. Dated Feb. of KENTUCKY be der. Third National Bank & Trust Co., follows: Dated Feb. 1, 1949. The second Feb. 15 for the pur¬ highest bidder was Equitable Se¬ chase of $600,000,not to exceed 5% curities Corp., and Glas & Co., interest water works bonds. Dated jointly, for $126,000 23/4s, and $74,March 1, 1949. Alternate bids as 000 3s, at a price of 100.10, a basis follows are requested: Proposition of about 2.89%. No. 1, for bonds maturing $40,000 Sept. 1, 1950 to 1964, and Proposi¬ MASSACHUSETTS tion No. 2, for bonds maturing Beverly, Mass. $30,000 Sept. 1, 1950 to 1969. Prin¬ cipal and interest (M-S) payable Note Sale—The $300,000 tempo¬ at the State Treasurer's office1. De¬ rary loan notes offered Feb. 9— livery of the bonds will be made v. 169, p. 647—were awarded to at the City's expense to any na¬ the Beverly National Bank, at tional bank designated by Yhe 0.68% discount. Dated Feb. 9, 1949 p.m. the approving legal Ropes, Gray, Best, Coolidge & Rugg, of Boston, will of The City Clerk sealed receive will — but Denomination $1,000. Principal and interest (A-O) payable at the Detroit Trust Co., Detroit. Rate of interest to be in a multiple of Gloucester Housing Authority, 000. Due March 1, as follows: $9,- V4 of 1%. Massachusetts The unqualified apNote Sale—The $70,000 tempor¬ 000 in 1950 to 1953, and $8,000 in: proving opinion of Miller, Can1954 to 1964. Bidders to name one field, Paddock & Stone, of De¬ ary loan, first series notes offered Feb. 8 v. troit, as to legality of the bonds 169, p. 647 — were rate of interest in a multiple of , $7,000 4s. , after not valid until after said bank are we,re- awarded to Weil & .'■(Dieted March 1, 1949. Principal Arnold., of .New-Orleans, and Mer-- )0 1 il Springfield), Mass. K^nd interest (M-S) payable at, the rill' Note Sale—The $500,000 tempo¬ Lynch,; Pierpe, <Fennel: ■' * & State Treasurer's office. The City rary loan notes offered Feb. 9—v. Beane, of New York, jointly, at a will prepare transcript and print price of 100.01, a basis of about 169, p. 647—were awarded to the 4SJJS:; livery and provide that they interest. will notes bond called for — 26,000 314s. 1960 to ,<3,370 Extension to Sanitary Sew¬ about Due on Feb. 1959, incl. $48,000 3s. amount bid. er of cost follows: (EST) on Feb. 16 for the purchase of $100,000 temporary loan notes. Dated Feb. 23, 1949. Due Aug. 23, 1949. Principal and interest will be payable at the Second prior to July 1, 1969; $5 or 51 * - Fall River Housing bheck for $1,000 . City sealed (EST) Mass. Offer in g—Archie R. receive May 24, 1948. Legality approved bonds were rejected. fey Chapman & Cutler, of Chicago. Printed bonds furnished by the Morehouse Parish Sch. Dist., No. 14 (P. O. Bastrop), La. successful bidder. A certified . (747) $2 (748) bonds. THE & COMMERCIAL Denomination $1,000, The District will furnish the $913.70. Due March 1, printed bonds and the approving legal opinion of Faegre & Benson, 604,206,04 Street Paving, Series of Minneapolis, both without cost B bonds. Denominations $1,- to the purchaser, and the delivery 000, $402.01 and $402.02. Due thereof will be made within 30 March 1, as follows: $201,- days after acceptance of bid. Each 402.01 in 1950 and 1951, and bid must be unconditional except as to legality. $201,402.02 in 1952. Enclose a certified 15,391.78 Sewer, Series C bonds. or bank cashier's check for $500, Denominations $1,000, one for payable to the District Treasurer. $391.78. Due May 1, 1950. Grand Rapids, Minn. 17,228.18 Sewer, Series D bonds. Bonds Sold—An issue of $13,000 Denominations $1,000, $742.73 and $742.72. Due March 1, as airport bonds has been sold to the follows: $5,742.73 in 1950 and Grand Rapids Finance Corp., as 2%s, at a price of par. 1951, and $5,742.72 in 1952. 108,352.78 Sewer, Series E bonds. McLeod County Indep. Sch. Dist. Denominations $1,000, $88.19 No. 9 (P. O. Brownton), Minn. and $88.20. Due March 1, as Bond Sale — The $20,000 build¬ follows: $27,088.19 in 1950 and 1951, and $27,088.20 in 1952 ing bonds offered Feb. 4—v. 169, FINANCIAL 15, 1949 and mature on March 15, 1959. Callable in whole or in MISSOURI for one Kansas 1950. • and 1953. p. 543—were awarded to J. M. City, Mo. Bond Sale Details—The Monday, February 14, 1949 CHRONICLE $453,000 series A sewer bonds awarded on & Trust on to serve the an¬ the side south of In purchasing the initial bonds, the City Co., paid a the City. block sewer area bonds. of $453,000 National Bank & Trust price of 100.001633 for $46,000 3s, due in 1950 and 1951, and $407,000 Series B o n S d a 1 e — The - , & Bank Trust Co. of bonds, which opinion will be fur¬ without the purchaser prior to the delivery thereof. The City will pay the cost of printing the bonds. Bonds will be delivered at the City Treasur¬ er's office, or) at such other place as may be agreed upon with fhe purchaser. Enclose a certified or cashier's check for $16,000, pay¬ able to the City Treasurer. to expense Houghton County (P. O. Houghton), Mich. r Note Sale—The issue of $20,000 notes offered on Feb. 9—v. tax 648—was awarded to the & Miners Bank, of Merchants Calumet, as 2s, at a price of par. Dated March 15, 1949 and due on March 15 from 1949 to Whitehall Rural 1953 incl. Agricultural School District, Mich. Bond Sale Details—The $400,000 building bonds < purchased by Barcus, Kindred & Co., of Chi¬ cago, and Stranahan, Harris & Co., Inc., of Toledo, jointly, as previously noted in v. 169, p. 648, were sold at a price of 100.05. The issue consists of $200,000 3y2s and $200,000 3s. fered Feb. 7—v. 169, p. 648—were awarded to Shaughnessy & Co., of bank St. the bonds. Due Dec. on, 1 County Com. Sch. Dist. No. 47 (P. 0. 715 Homewood* Road, Minneapolis 21), Minn. Bond Offering — Alfred Bern¬ stein, District Clerk, will receive sealed bids until 2 p.m. (CST) on Feb. 25 for the purchase of $30,000 school building coupon bonds. Dated March 1, 1949. Denomina¬ tion $1,000. Due $2,000 March 1, 1952 to 1966. The bonds will bear interest at the rate or rates speci¬ fied/by the successful bidder. Principal and interest payable at suitable bank or trust com¬ designated by the successful bidder. Bidders are required to pany a from '» 1949 to 1957 inclusive. Dated Dec. 1, 1948. highest bidder Co., was The second * C. F. Childs & and Wood, Gundy & Co., for iy2s, at a price of/ jointly, 100.20. : V Bergen, N. Y.. r ' Bond O f fe r i n g — George R. Thompson, Village Clerk, willre- A ceive sealed bids until 2 pjn. r (EST) on Feb. 14 fOr the purchase ( of $53,500 not to exceed 5% in-r-; terest .electric light system coupon / or registered bonds. Dated Feb, 1, 1949. * Denomination $1,000, ©he for $500. Due June I, as follows:' $1,500 in 1950, and $2,000 in 1951 to 1976. Principal and interest (J-D) payable at the State Bank of of Churchville, Churchville. Rate interest to be in multiples of V,[ or 1/10 of 1% and must be the ■; for The >* successful bidder will be furnished " same all of the bonds. with the opinion of Reed, Hoyt & • Washburn, of New York City, that the bonds valid and binding obligations of the Village. The ap¬ proximate time, when the bonds will are delivered be March before or 15, 1949, at such located in be specified by trust company der of was National Shawmut Bank Boston, at 0.94%. is chaser Feb. 16, the to 1949, and pur¬ the desired rate multiple of lk or qr rates in Treasurer's at such other be speci¬ fied by the purchaser with the consent of the Village Treasurer. time and office, place or as State as may Notes are dated Feb. 7, may 1949. •• ■ — — , S. submitted must Love Co., of Jackson, and! Scharff & Jones, of New Orleans, jointly, as 2y2s and 2%s, as fol¬ Montana Debenture (State of) Sale — The issue of $5,500,000 State Highway Treas¬ ury anticipation debentures of¬ $82,000 street intersection bonds. fered on Feb. 10—v. 169, p. 53— 57,000 special street improvement was awarded to a syndicate com¬ bonds. posed of Drexel & Co., Philadel¬ Dated Jan. 1, 1948. Due in 1 phia, Eastman, Dillon & Co., New to 10 years. Legality approved York, Braun, Bosworth & Co., by Charles & Trauernicht, of St. Inc., Toledo, A. C. Allyn & Co., Louis. Inc., New York, Equitable Secur¬ ities Corp., Nashville, Weeden & Durant Municipal Separate School Co., San Francisco, Kebbon, McDistrict, Miss. Cormick & Co., Chicago, Wood, Bond Sold—An issue of $20,000 Gundy & Co., New York, Courts school bonds has been sold to Weil & Co., Atlanta, Coughlin & Co., & Arnold, of New Orleans, as Denver, Henry/Dahlberg & Co., 2^s, at a price of par. Dated Nov. Tucson and Harold E. Wood & Co. 1, 1948. Legality approved by of St. Paul, as 2s, at a price of lows: Charles l/lO of 1%. Louis. de¬ livery will be made at the Village Her-; ► state ; New Each bidder must, as a condition precedent to the consideration of the purchaser. Said bonds will be Denominations suitable to the suc¬ his bid, deposit with the Village Due Dec. 7, 1949< sold subject to the legal opinion cessful bidder. Clerk, a certified or cashiers of Stinson, Mag, Thomson, Mc- The notes will be authenticated as check for $1,070, payable to the x $71,000 2y2s. Due on Feb. 15 from Evers & Fizzell of Kansas City, to genuineness and validity by the Village. whose final unqualified 1950 to 1958 inclusive. approving National Shawmut Bank of Bos¬ Bond Sale Cancelled—Sale of. The favorable opinion of 54,000 3s. Due on Feb. 15 from opinion will be furnished and paid ton. the $53,500 electric/light sys-1 for by the City and delivered to Storey, 1959 to 1965 inclusive. Thorndike, Palmer & tern bonds on Jan. 26 to Tilney & * the successful bidder when the Dodge, of Boston, as to the va¬ Dated Feb. 15, 1949. The second bonds are delivered. The pur¬ lidity of this issue will be fur¬ Co., of New, York, as.2%s, at a highest bidder was Harold E. price of 100.17, a* basis of about chaser will be furnished with a nished without charge to the Wood & Co., for $71,000 as 2V4S, certified transcript of proceedings successful bidder. The notes will 2.23%, was cancelled due to .an * and $54,000 as 3s, at a price of error in the official notice. The: delivered at the National evidencing the authorization and be 100.10, a basis of about 2.73%. bonds are being reoffered:< on issuance of said bonds. These Shawmut Bank of Boston, and Feb. 14. ; •••.//./ / / Todd County Ind. Sch. Dist. No. 78 bonds were authorized at an elec¬ will be payable at said bank. tion held on Oct. 12, 1948. Enclose (P. O. Staples), Minn. Chili (P. O. Churchville), N. Yi Bond Sale NEW JERSEY The $65,000 con¬ a certified or cashier's check for Bond Sale The $44,650 townZ struction and equipment bonds of¬ $6,000, payable to the City. Elizabeth, N. J. garage, 1948 bonds offered Feb. 81 fered Feb. 4—v. 169, p. 543—were Bond Offering — Patrick F. McMONTANA —v. 169, p. 544—were awarded: toawarded to the Northwestern Na¬ Gann, City Comptroller, will re¬ Erikson Perkins & Co., of Roch-1 tional Bank, of Minneapolis, as 2s, Granite County (P. O. ceive sealed bids until 11 a.m. ester, as 2s, at a price of 100.26, a at a price of 100.009, a basis of Phillipshurg), Mont. (EST) on Feb. 21 for the purchase basis of about 1.97%. Dated Nov/ about 1.99%. Dated Feb. 1, 1949. Bond Sale—The $74,000 hospital of $1,662,000 not to exceed 6% in¬ 1, 1948. Due on Nov. 1 from 1949? Due from 1952 to 1954 inclusive. construction and equipment bonds terest coupon or registered bonds. to 1968 inclusive. ; The secohdv Legality approved by Faegre & offered on Feb. 9—v. Dated March 1, 1949. Denomina¬ 169, p. 423— highest bidder was Sherwood &•" Benson, of Minneapolis. were awarded to the Flint Creek tion $1,000. Due March 1, as fol¬ Co., for 2.10s, at a price of 100.14. Valley Bank of Phillipsburg, as lows: $50,000 in 1950 to 1963, $60,MISSISSIPPI 2%s, at a price of 101.62. Dated 000 in 1964 to 1978, and $62,000 in Delhi, N Y. Jan. 1, 1949. Second high bid of 1979. Principal and interest (M-S) Drew, Miss, Bond Offering-— Grace Signor, ' 101.37 for Bonds Sold—An issue of $139,2%s was made by payable at the National State Village Treasurer, will receive;' Bank of Elizabeth. Each proposal 000 bonds has been sold to the Piper, Jaffray & Hopwood., sealed bids at the office of Paul, and the C. S. Ashmun Co., of Minneapolis, jointly, at a price of 100.94, a basis of about 2.72%, as follows: J. MINNESOTA any • . — Anoka ' $1,300,000 / bonds offered Feb. 4—v. 169, p^ 544—were awarded to the Chem- Denominations . p. on NEW YORK Albany County (P. O. Albany), N. Y, ^ ical . 169, due County High Sch. Dist. York, at iy2s, at a price of 10Q.22* No. E (P. O. Froid), Mont. a basis of about 1.43%, as follows: . Bond Sale Details—The $75,000 Due : construction and equipment bonds $500,000 equipment bonds.. Dec. 1 from 1949 to 1952 in¬ purchased by the State Board of clusive. y:Vv/ o Land Commissioners, as 3s, at a 800,000 public improvement < price of par, as previously noted - nished and Roosevelt F Dain & Co., of Minneapolis, as iy2s, due from 1952 to 1969 inclu¬ in v. 169, p. 543—are due on Jan. $1,000, 2.20s, at a price of 100.30, a basis sive, making an effective interest 15, 1969, and are redeemable in of about 2.166%. one for $115.90. Due March Dated Feb. 1, rate of' 1.5218%. The offering at¬ 1, full on" any interest payment 1949 and due on Feb. 1 from 1952 tracted a total of 29 bids by syndi¬ 1950. cates representing 66 investment date from and after 10 years from 2,896.84 Alley Paving, Series G to 1964 inclusive. Second high bid date. bonds. Denominations $1,000, of 100.111 for 2.20s was made by banking and bond houses. Second high bid was made by a group and $448.42. Due $1,448.42 Piper, Jaffray &Hopwood. NEBRASKA headed by Eastman, Dillon & Co., May 1, 1950 and 1951. Marshall County {P. O. and Dempsey & Co., both of Chi¬ Fairhury, Neb* Dated Nov. 1, 1948. Principal Bonds Sold—An issue of $200,Warren), Minn. cago, the offer reflecting a cost to and interest payable at the City Bond Sale—The $41,000 drain¬ the city of $73,671.06, as compared 000 power plant bonds has been Treasurer's office or at its cur¬ with the $71,692.60 cost on which sold to the Wachobr-Bender Corp., rent official bank in New York age, 1949 bonds offered Feb. 9— the successful bid was based. of Omaha, as ZV2Sr. v. 169, p. 648—were awarded to Dated March City or Chicago. Coupon bonds J. M. Dain & Co., of Minneapolis, 1, 1949, Denomination $1,000. will be exchangeable for regis¬ Mexico, Mo. ''//"-/ as 1.70s, at a price of 100:33, a basis tered bonds at the option of the Sidney, Neb. * Bond Offering—John M. Cald¬ of about 1.62%. Dated Feb. 1,1949; holder. All of the bonds will / Bond f Sale Details—The $170,City Clerk, will receive, Due on Feb. 1, from 1950 to 1957, well, bear interest from their date at the 000 sewage disposal plant and incl. The second highest bidder sealed bids until 2 p.m. (CST) On rate or rates of interest expressed Feb. 15 for the purchase of $289r sewer extension bonds purchased was Allison-Williams Co., for in a multiple of1/* of 1%. Interest Co., of 000 public sewer bonds. Dated by: Kirkpatrick-Pettis on Special Assessment Street Pav¬ 1.80s, at a price of 100.05. as previously noted in March 1, 1949. Denomination $1,- Omaha, ing bonds, Series A and Series B, v. 169, p. 544—were sold at par, Renville County (P. O. 000. Due March 1, as follows: Sewer Special Assessment bonds, as follows.: ; 1 • Olivia), Minn. $9,000 in 1950, $10,000 in 1951 to Series E and Series D, and Alley Bond Sale—The $150,000 county 1953; $15,000 in 1954 to 1967, and $67,000 3 y^s. Due on Jan. 1 from Paving bonds Series F, will be 1950 to 1954 inclusive. $20,000 in 1968 and 1969. Each in¬ payable on March 1, 1949, and hospital bonds offered Feb. 8—v. 103,000 3s. Due on Jan. 1 from 169, p. 423—were awarded to the terest rate specified shall be an semi-annually thereafter on Sept. even multiple of lk of 1%. 1955 to 1961 inclusive. No bid C. S. Ashmun Co., of Minneapolis, 1 and March i. Interest on Sewer of less than par and accrued in¬ as l%s, at a price of 100.13, a basis Dated Jan. 1, 1949. Denomina¬ Special Assessment bonds, Series Both of about 1.72%. Dated March 1, terest will be considered. tion $1,000. C, and Alley Paving Special As¬ 1949. Due on March 1, from 1951 principal of and interest on said sessment bonds, Series G, will be NEW HAMPSHIRE : to 1960, incl. The second highest bonds will be payable at such payable on May 1, 1949, and semi¬ or trust company located bidder was the First National bank annually thereafter on Nov. 1, and Berlin, N. H. Z' Bank, of Minneapolis, for l%s, at within the State as may be speci¬ Note Sale—The $200,000 tempo¬ May^ 1. ■./..ak,.;'. fied b,y the purchaser. The City a price of 100.11. 4 Bids shall be conditioned upon will pay for printing and regis¬ rary loan notes offered Feb. were awarded to the First Na¬ the unqualified opinion of Miller, St. Louis Park, Minn. tering said bonds and will deliver Bond Sale The $125,000 water the same properly executed and tional Bank, of Boston, at 0.893%, Canfield, Paddock & Stone, of De¬ troit, approving the legality of the supply system revenue bonds of¬ registered to the purchaser on or discount. The second highest bid¬ 2,115.90 Alley Paving, 1949 1, X from 1950 to 1979 inclu¬ part- at par and accrued interest Second high bid of 100.429 ? March 15, 1954, or on any sub¬ sive. for 2y4s was made ; by a group ; sequent interest * payment date. Drexel & Co. and Associates made composed of Ira Haupt & Co.* public re-offering of the issue at Ryan, Moss & Co., and J. R. Ross ; a price of 10L43. Second high bid & Co. * \ . on Co., of Kansas City, Mo., previously noted in v. 169, p. 648, represented sale of the first of 100.08 for 2s was made by a instalment of the $41,500,000 syndicate which included Shields bonds authorized at the November, & Co., Lee Higginson Corp., C. F. 1947 general election, validity of Childs & Co., Stern Bros. & Co., which was established in a special Hirsch & Co., Reynolds & Co., suit which was upheld by the Dempsey & Co., Ira Haupt & Co., State Supreme Court. Purpose of Foster & Marshall and Tripp & the financing is to construct a Company. as nexed basis of about 2.197%. Dated' Feb. Feb. Jan. 31 to the City National Bank main trunk of 100.02, a & Trauernicht, of St. name the rate: of interest to be borne by the bonds bid for and the rate named must be witt & Dreyfus, of 118- Main i Street/ Delhi, until 10 a.m. (EST) ■ on Feb. 21 for the purchase of * multiple of 1/20 of 1%, and $25,000 village hall improvement^ be the same for all of the coupon or registered bonds. Dated a must bonds bid for. The successful bid¬ March 1, 1949. Denomination $2,with the 500. Due $2,500 7uly 1, 1949 to opinion of Reed, Hoyt & Wash¬ 1958. * Principal and -interest (J-J) burn, of New York City, that the payable at the Delaware National: bonds are valid and legally bind¬ Bank of Delhi. ? Bidders must' der will be furnished ing obligations, of the City. close; a certified or En¬ cashier's - or treasurer's check for $33,240, pay¬ able to the City. state in their bids the price of- » bonds; will be delivered to the, successful fered for the bonds. The bidder at the office of the above Township School. District attorneys,. on or' about March 1, 1949, and the purchaser will be (P. O. Teaneck), N. J. Bond Sale—The $150„000 school notified when the bonds are-ready Teaneck bonds offered on Feb. 9—v. 169, p. Peoples of; Bergen County, of 100.3961, a basis of about 1.92%. The debentures are dated March Hackensack, as 2.20s, at a price for 544r—were awarded to the Trust Co. or delivery. Enclose cashier's able to the check for a certified* $500, pay¬ Village Treasurer. Volume , 169 Dobbs ! Bond Number 4777 Ferry, N. Y. $22,000 street Feb. 7—v. awarded York, bonds 169, Feb. of 1, 1949. second price of 100.54. about 1.74%. Due Dated & Aug. 1 from on Village View), N. F. Sale—The $20,000 build¬ Bond Oct. as 1.60s, at a price of basis of about 1.59%. Due 30 from 1949 to in¬ 1952 clusive. are Hempstead (P. O. Hempstead), , , Bond way . any New York Sloan ' : V CP, O. Buffalo), N. Y. Bond Sale—The (EST) interest 5% extension callable coupon and $76,000 high¬ 1949 bonds, of¬ on water or redeemable once June in the "Mid-York Weekly," a newspaper published at Hamilton, N. Y., the first publication to be at least 30 Co., of Rockville Centre, as iy4s, 'at a price of 100.009, a basis of days prior to the date set for such about 2.24%. Dated Feb. 15, 1949. or, in the case of .Due on Feb. 15 from 1950 to 1954 redemption; registered bonds, by mailing of .inclusive. " // '/o.Ty/;■ such notice to the registered Hempstead, Oceanside Fire Dist. holder at least 30 days prior, to such date. Rate of interest to be (P. O. Oceanside), N. Y. Bond Sale The $20,000 bonds in a multiple of 1/10 of 1%, and «offered on Feb. 10—v. 169, p. 649 must be the same for all of the —were awarded to Tilney & Co. bonds. The bonds will be deliv¬ of New York, as 1.90s, at a. price ered to the successful bidder at of 100.03, a basis of about 1.89%. the Village Clerk's office, on or . basis of about 2.21%, 1, 1948 and due on a Dec. 1 from 1949 to inclu¬ 1967 City bonds were authorized at tion in the district. are interest No. 1 Union (P. Free O. Branch), N. may bonds rates for bid awarded the to for elec¬ name in Each a bid part of earliest the another rate balance, but no bid than three more bidder rates, specify in must the bonds amount of bonds of Each rate bid must be of consecutive maturi¬ ties. $16,000 chell City, will 'of chaser. be furnished Enclose Smithtown, of Smithtown Branch, for $1,300, as 1.40s, at a price of 100.11, a basis Treasurer. the pur¬ certified check a payable to the State of about 1.354%. of Roosevelt & Cross, New York. Bonds are dated Jan. 1,. 1949. Denomination $1,000. Due $4,000 Jan. 1, 1950 to 1953. Principal and interest (J-J) payable at the Local School District Youngstown), Ohio $517,000 con¬ Sale—The struction bonds offered Feb. 9— 169, p. 425—were awarded to a syndicate composed of Field, Richards & Co.j and Prescott, Hawley, Shepard & Co., both of Cleveland; Provident Savings . Bank & Trust Co., Weil, Roth & rving Co., and Doll & Isphording, Inc., all of Cincinnati, a price of 100.68, 2.437%. The a as 2y2s, at basis of about bonds are dated March 1, 1949 and mature on June 1 and Dec. 1 from 1950 to 1973 in¬ clusive. Second high bid of 100.44 composed of Stranahan, Harris & Co., Inc., Braun, Bosworth & Co., Inc., Ryan, Sutherland & Co., Fahey, Clark & Co., First Cleve¬ land Corp. and McDonald & Co. Brown Second high bid 1.40s was made by 100.062 for O. for 2y2s was made by a syndicate Feb. 10 Bank (P. Bond or approving opinion of Mit¬ & Pershing, of New York Bond Sale—The issue of Boardman 53 v. for rate and the each an rates, (having may name and or 1%. of one maturities) The on y4 name the Y. building bonds offered was Dist. Sch. Smithtown Deliv¬ requested to rate multiple of each rates. Smithtown Greenville. or 8, 1949, at place of purchaser's choice. The his sive. (749) ery on or about March the awarded to E. H. Rollins & Sons, of New York, as 2V4s, at a price 100.17, York Bidders $81,000 public improvement, 1948 bonds offered Jan. 31—v. 169, p. 545—were on interest payment date prior to by publication at least fered Feb. 8—v. 169, p. 649—were awarded to the South Shore Trust Feb. 1, from 1950 on a their maturity upon the giving of notice of such call for redemption Sale —The machinery, , 1, 1949. Due 1969, incl. to Dated exceed CHRONICLE Co., both of New York, at regis¬ tered bonds. Dated Feb. 1; 1949. Denomination $2,000. Due $2,000 Feb. 1, 1950 to 1959. Principal and interest (F-A) payable at the Village Clerk's office. The bonds Buffalo, on , H. of to main 649—were warded to the ManuJacturers and Traders Trust Co., a The E. 1.70s, , 1, not p. 100.01, for Sons, FINANCIAL as 2V2S, at a price of 100.41, basis of about 2.45%. Dated Feb. a Feb. 21 for the purchase of $20,000 ing bonds offered Feb. 7—v. 169, of June was sealed bids until 3 p.m. O. Lake Dated Mcrrisville, N. Y., Offering—Grace Phelps, Treasurer, will receive : Bond (P. on highest bidder Rollins Hamburg Com. Sch. Dist. No. 12 . J. Sims & & jointly, Due Tilney & Co., of New l%s, at a price of 100.04, Feb. 1, 1949. •1949 to r price of 100.17, 1.57%. a about COMMERCIAL 1950 to 1964 inclusive. from 544—were p. to 1.60s, at as basis a offered of as basis a York, Sale —The improvement .1949 on THE Columbus County (P. O. Whiteville), N. C. Bond Sale building, Feb. 8 The — series awarded B to the $350,000 school bonds 169, v. — p. 649 First offered — were Securities County (P. O. Georgetown), Ohio Bond Sale—The $400,000 county hospital bonds offered on Feb. 9 v. 169, p. 425—were awarded to Stranhan, Harris & Co., Inc. of Toledo, as 2s, at a price of 100.31, Corp., of Durham, and Byrne and basis of about 1.97%. Dated Phelps, Inc. of New York, joint¬ Feb. 1, 1949 and due on June 1 ly at a price of 100.03, a basis of and Dec. 1 from 1950 to 1972 in¬ school house, or at such other about 2.63%, as follows: clusive.; place as may be agreed upon with % '/•'j :•/:y ' the purchaser, about March 1, $110,000 2y4s. Due June l,kfrom Columbus, Ohio 1950 to 1961 inclusive. 1949. The approving opinion of Bond Offering — Agnes Brown165,000 2y2s. Due on June 1 from Wood, King & Dawson, of New Cain, City Clerk, will receive 1962 to 1972 inclusive. York City, will be furnished to Dated March 1, 1949 and due on about Feb. .26, 1949, and he will sealed bids until noon (EST) on the purchaser without charge. 75,000 3s. Due on June 1 from March 1 from 1950 to 1954 inclu¬ be notified when the bonds are Feb. 25 for the purchase of $2,1973 to 1977 inclusive. sive. Second high bid of 100.01 ready for delivery. The Van Etten, Baldwin, Erin, 000,000 2% unlimited tax coupon approving Dated Dec. 1, 1947. The second for 1.90s was made by the South opinion of Michael S. Powers of or registered bonds, as follows: Chemung, Spencer, Barton, highest bidder was R. S. Dickson Shore Trust Co., Rockville Centre. $500,000 Morrisville, as to the validity of Relief, Cayuta and Newfield Cen¬ Sanitary and & Co., Branch Banking & Trust the bonds will be furnished to Storm Sewers tral School District No. 1 Fund No. 5 Hempstead Union Free Sch. Dist. Co., Wilson, Vance Securities the successful bidder. Enclose a bonds. Due (P. O. Van Etten), N. Y. $20,000 Oct. L No. 14 (P. O. Woodmere), Corp., Glreensboro, and J'. Lee certified or cashier's 1956 to 1974. check for Bond Sale—The $40,000 bus gar¬ // ■ New York Peeler & Co., jointly, for $40,000 $400. payable to the Village. 450,000 Health and Safety Center age, 1949 bonds offered Feb. 7 Bond Sale The $550,000 conas iy2s, $8,000 as 2s, $182,000 as v. Building Fund No. 2 bonds. 169, p. 545—were awarded to struction bonds offered Feb. 8— j New York City Housing Authority, Tilney & Co., of New York, as 2y2s, and $120,000 as 3s, at a price Due $18,000 Oct. 1, 1950 to :v, 169, p. 544—were awarded to; of par, a basis of about 2.72%. New York 1974. v Harriman 2%s, at a price of 100.17, a basis Ripley & Co., and Gold| Note Offering—James F. Far- of about 2.23%. Dated Feb. 1, 1949. 400,000 Sewage Treatment Works Lillington, N. C. man, Sachs & Co., both of New rell, Chairman, will receive sealed Due on Feb. 1 from 1950 to 1971 Fund No. 5 bonds. Due Bond Offering—W. E. Easter; York, $16,jointly, as 2.20s, at a price of bids until noon (EST) on Feb. 15 inclusive. The second highest bid- ling, Secretary Local Government 000 Oct. 1, 1950 to 1974. > 100.408, a basis of about 2.16%. !for the purchase of $1,250,000 ber was Paine, 400,000 Fire Engine House and Webber, Jackson Commission, will receive sealed ; Dated March 1, 1949. Due on emergency housing notes. Dated & Equipment Fund No. 2 bonds. i March Curtis, for 2*4s, at a price of bids at his office in Raleigh, unti 1, from 1950 to 1974 incl, Due $16,000 Oct. 1, 1950 to 11 a.m. (EST) on Feb. 15 for the | March 1,. 1949. Due Sept. 1, 1949. 100.12. ; f j u n c I The notes will be payable at the 1974. purchase of $50,000 not to exceec bondequoit Union Free Sch. Dist. chemical Barik & Trust Co., New Wilton, Wilton Fire District (P. O. 250,000 Street 6% interest street improvement Improvement Rnmi Gansevoort, R. D. No. 2, N. Y. n t n Mn I York City, and the fees or charges Fund No. 3 bonds. Due $25,bonds. Dated March 1, 1949. De¬ Bond Offering—Stuart G. Row¬ 000 Oct. 1, 1950 to 1959. nomination Kinley Wui iof such bank for acting as paying $1,000. Due $5,000 ceive Dated April 1, 1949. sealed bids until n ,n 1 aSent wiU be pald by the Autl?or- ley, District Secretary-Treasurer, March 1, 1951 to 1960. Principal Denom¬ receive sealed bids until and /•TTQ'm 1Q 5™tu J?'™' The validity of the notes and will interest (M-S) payable in ination $1,000. Principal and in¬ 4 p.m. (EST) on Feb. 23 for the nf «QQnnnn + pui7'said Guaranty Contract will be terest (A-O) payable at the New York City. City ^s. $990,000 not to exceed s approvecj by Caldwell, Marshall, purchase of $13,000 coupon or reg¬ Bidders may 5% interest building coupon or Bidders are requested to namC Treasurer's office. J Trimble & Mitchell, of New York istered bonds, divided as follows: the interest rate or rates, in a bid for a different rate of interest 'registered bonds. Dated March 15, City, and a copy of such attor¬ $7,000 not to exceed 21/2% inter¬ in a multiple of x/4 of 1%. 1949. Denomination $1,000, The multiple of J/4 of 1%. The ap¬ Due neys' opinion will be furnished by est fire fighting equipment proving opinion Of Mitchell & approving opinion of Squire, ; Nov. 1, as follows: $30,000 in 1949 the Authority to the successful Sanders & Dempsey of Cleveland, to purchase bonds. Denom. $1,- Pershing, of New York 1957, and $45,000 in 1958 to City, will purchaser or purchasers without 400. Due $1,400 April 1, from be furnished the purchaser. En¬ and the printed bonds will be fur¬ ; 1973. Principal and interest ; charge. ' r' '' ' ■ ■ 1949 to 1953 inclusive. Interest close a certified check for nished and paid for by the City. <M-N) payable at the Genesee $1,000, The bonds will be delivered at the payable annually April 1. Valley Trust Co., Rochester. Rate payable to the State Treasurer. Poughkeepsie Union Free Sch. Dist. of interest to be in a 6,000 not to exceed 5 % interest City Clerk's office. All bids are multiple of No. 2 (P. O. Poughkeepsie), Montgomery County (P. O. to be accompanied by a certified building and land acquisition ; % or 1/10 of 1%, and must be New York Troy), N. C. bonds. Interest check for 1% of the bonds bid the same for all of the bonds. The payable an¬ for, Bond Offering — Ric hard T. Bond Sale—The $100,000 hospi¬ payable to the nually April 1. Denom. $300. successful City Treasurer. ** bidder, will be furLane, District Clerk, will receive Due $30Q April 1 from 1949 tal bonds offered Feb. 8—v. 169, ;• nished with the opinion of Reed, sealed bids at the office of John Deer Park Exempted Village p. 650—were awarded to the First to 1968 inclusive. Hoyt & Washburn, of New York B. Van School District (P. O. DeWater, 54 Market Securities Corp., of Durham, and Dated Feb. 1, 1949. Bidders are City, that the bonds are valid and Street, Poughkeepsie. until 2 p.m. Cincinnati), Ohio Byrne and Phelps, Inc., of New to name a single rate of interest binding obligations of the District. (EST) On Feb. 16 for the Bond Sale.—The pur¬ $12,000 im¬ York, jointly, at a price of 100.04, The approximate time when the chase of $415,000 not to exceed expressed in a multiple of 44 or a basis of about provement bonds offered Feb. 4— 2.72%, as follows: bonds will be delivered to the pur¬ 1/10 of 1%. Principal. and inter¬ 5% interest construction and v. 169, p. 545—were awarded to est payable at the Saratoga Na¬ $20,000 2y2s. Due on Feb. 1, from chaser is March 15, 1949, and de¬ J. A. White & Co., of Cincinnati. equipment coupon or registered 1952 to 1958, incl. / ; tional livery will be made at the Dis¬ bonds. Bank, Saratoga Springs. Dated Feb. 1, 1949. Dated Jan. 1, 1949.' Due on Dec. De¬ 1, 80,000 2%s. Due on Feb. 1, from The legality to be approved by trict Treasurer's office, or at such nomination $1,000. Due Feb. 1, as from 1950 to 1959 inclusive. 1959 to 1974, incl. John W. other time and place as Nichols, of Saratoga may be follows: $15,000 in 1950 to 1952, Dated Feb. 1, 1949. The second East Carlisle Local School District specified by the purchaser, with $18,000 in 1953. and A certified check for $22,000 in S!prings. (P. O. 1959 Grafton Road, the consent of the District Treas$260, payable to the District highest bidder was J. Lee Peeler 1954 to 1969. Principal and in¬ & Co., and Vance Securities Corp., urer. Elyria), Ohio Each, bidder must, as a terest (F-A) payable at the Farm¬ Treasurer, is required. Bond Sale—The $145,000 school condition precedent to the con- ers Greensboro, jointly, for $10,000 & Manufacturers National Youngstown, N. Y. sideration of his bid, deposit with 2y4s, $45,000 2y2s, and $45,000 3s, building addition bonds offered Bank, Poughkeepsie. Rate of in¬ Bond Sale—The Feb. 9—v. $7,000 street at a price of par. the above 169, p. 545—were Clerk, a certified or terest to be in a multiple of 44 improvement bonds offered on awarded to the First Cleveland cashier's check for $19,800. or 1/10 of 1% and must be the Feb. 8—v. 169, p. 649—were OHIO Corp., of Cleveland, as 2V2s, at a same for all of the bonds. Said Lancaster, N. Y. awarded to the Niagara Perma¬ price of 102.093, a basis of about Adams County (P. O. Bond Sale—The $63,500 bonds bonds will be delivered at New nent Savings & Loan Association 2.30%. Dated March 1, 1949 and West Union), Ohio offered Feb. 9—v. 169, p. 649— York, N. Y,, or at such other of Niagara Falls, as l3/4s, at a price due on Oct. 1 from 1950 to 1972 Bond Offering—H. C. place as may be agreed with the of were awarded to the Marine Trust Markins, inclusive. 100.857, a basis of about 1.502%. Second high bid of Co., of Buffalo, as 2.20s, at a price purchaser about March 10, 1949. Dated Feb. 1, 1949, and due on Clerk of the Board of County 101.77 for 2V2s was made by The approving opinion of VandeCommissioners, will receive sealed Aug. 1, from 1949 to 1955, incl. J of 100.52, a basis of about 2.13%, Braun, Bosworth & Co., Inc., To¬ bids until noon water, Sykes, Heckler & Gallo¬ District t bonds Treasurer's will be office. delivered The at the — . ' . • . . . — • . - c r _ . x < district Cle7k ^e" ™ hS • , , ., • • ' . - . ' • 1 v • $45,000 street and ~ sewer 1949 bonds. Due on Aug. 1, from 1950 to 1973, incl. 18,000 water 1949 bonds. Due on Aug. 1, from 1950 to 1967, incl. . i (EST) follows: as All the bonds '■ 1949. are /.-V-. dated Feb. . 1, Geneseo Central School District No. 1 Bond (P. O. Livonia), N. Y. The $75,000 con- Sale — struction bonds offered Feb. 3—v. ; 169, B. p. 544—were awarded to Geo. Gibbons & Co., Inc., nished to the will purchaser cost. Enclose ier's check for a certified be fur¬ or cash¬ Bond (This offering includes the $265,bonds originally offered on of New can¬ celled.) • Pound / Ridge, Pound Ridge Fire CP. O. Katonah), N. Y. Sale—The $55,000 fire 1949 bonds offered Feb. 9 District Bond house, —v. 169, p. 649—were awarded to R. H. Johnson & District (P. O. Greenville), N. C. Offering—W. E. Easter- $8,300, payable to the District. 000 School Co., and Herbert ling, Secretary Local ment Commission, sealed bids eigh, until 11 will Govern¬ receive bonds. of interest in Ral¬ 1% a.m. (EST) on Feb. bonds Dated Denomination Feb. 1, 1949. $1,000. Due Feb. 1, bonds. to the Board of offered all New a multiple of y4 of These bonds are the authorized at the general County Commis¬ sioners. " interest in in (M.-S.) follows: $4,000 in 1950 to 1964, and $5,000 in 1965. Principal and payable March electon on Nov. 2, 1948. Enclose a certified check for $2,500, payable as (F-A) Dated 15, 1949. Denomination $1,000. Due $10,000 Sept. 15, 1950 to 1974. Bid¬ ders may bid for a different rate office 15 for the purchase of $65,000 not to exceed 6% interest .school cou¬ pon ment his at Feb. 21 $250,000 2%% construction and equip¬ hospital Belvoir-Falkland on for the purchase of NORTH CAROLINA without Jan. 5, the sale of which was : Livonia, Conesus, Avon, Lima and • of New York, way, (These bids bonds on were originally Jan. 24, at which time were rejected.) ledo. Elyria, .1 Bond 3% Sale street Ohio Details—The $19,364 improvement special purchased by the Sinking Fund Trustees, as previously noted in v. 169, p. 545, were sold at a price of par. assessment bonds Additional Bond Sale Details— The $9,183 water main, special as¬ sessment bonds also purchased by f the Sinking Fund Trustees, as previously noted in v. 169, p. 545, sold at 3s, at a price of due on Sept. 1 from 1950 to 1959 inclusive. were par, and are 54 Franklin Bond Sale The — will Ohio Enclose fire $20,000 Cleveland First the 101.13, a Feb. Dated highest bidder & Sutherland Co., will receive sealed bids until noon Due 1969, incl. der for was <EST) on Feb. 24 for the purchase $283,000 3% bonds, divided as 1, Dec. 1,'from 1950 to on price of 101.92. a will fied Enclose 1974. cation. April ' \ Enclose certified a Due 1964. check or C. ' ' $150, payable to the bond for Board of Education. tion $1,000. Bidders may bid for a different rate of interest in a mul¬ general Nov. 2, 1948. Principal authorized bonds election on and interest (M-N) payable at the Peoples State Bank Co., Archbold. works 169, 545—were p. the Board of Educa¬ to payable $400, for check tion, Norwood, offered on Feb. 4—v. to awarded were 169, p. bonds 546— group a com¬ 10.1.038, interest net a of cost Feb. receive will until Dated Feb. 8 interest National of Bank transcript of proceedings the legality thereof and the printed bonds will be fur¬ nished promptly. Bond attorney's opinion at option and expense of A -evidencing the successful the bonds bidder. These are eral election close a Nov. on 2, 1948. En¬ certified check for the amount of bonds gen¬ 1% offered, of pay¬ able to the District. ; ' ) ' School District City Ohio Sale—The $485,000 Bond acquisition offered Co., of Cleveland, 2s, at a price of 100.65, jointly, as basis Dated 1.938%. about of 1, 1949 and due on Nov. 1 from 1950 to 1971 inclusive.. Sec¬ March high bid of 100.55 for 2s was made by Grant Brownell & Co. ond Springfield), O. (P. Bond Sale—The struction bonds to awarded were price of 2.34%. J. Cincinnati, of Co., offered 101.67, a con¬ Dec. 19 White A. as & 2V2S, -at-a basis of about of 101.87, Offering — -sealed bids until F. will noon J. Vesek, receive (EST) r,on Dated March 1, 1949. Denomina¬ tion $1,000. Due Dec. 1, as follows: "$12,000 in 1950, $13,000 in 1951, $12,000 *$12,000 in in 1952, in 1956, $13,000 in 1954, $13,000 in $13,000 in 1953, 1955, 1957, $13,000 in 1959, $13,000 in 1961, $12,000 1962, .$13,000 in 1963, $12,000 1954, $13,000 in 1965, $12,000 in 1966, $13,000 in 1967, $12,000 in 1958, and $13,000 in 1989. Principal and interest (J-D) payable at the legal depositary, presently the Central National Bank, Cleveland. Bidders may bid $12 000 $12,000 for a in in in. in 1958, 1960, different rate of interest in a multiple of 14 of 1%. A transcript of proceedings evidencing the le¬ gality thereof and the printed proinptly. struction to bonds. Dated Feb. 15, Denomination $1,000. June 1957, and and $18,000 Dec. Bidders may Dec. $17,000 1958 15, bid interest for in Due 1950 and 15, June to 1972. different a of multiple a of ceedings authorizing the issuance said of bonds the under Shaffer & whose been taken Peck, of Williams, of Cincinnati, approving opinion will be furnished to the without der have supervision bid¬ successful All cost. bids must tified check bid for, for of the bonds .1% payable to the Board of Education. of Keyes, Okla. Sale 169, The $50,000 — sani¬ offered Feb. bonds sewer 7 650—were awarded to p. & Canfield, of Oklahoma 41/4S, 4.%'s and 5s. Due in as 1966 inclusive. Sallisaw School District, School Local Ofierng Bond Clerk of the — Board District, ' Omer L. Dill, of Education, will-receive sealed bids until noon (EST) Feb.- 15 on chase for the pur¬ of $11,000 3% heating sys¬ bonds. Dated installation tem Denomination $500. Feb. 15, 1949. $500 March and Sept. 15. 1950 Bidders may bid for a different rate of interest in a mul¬ Due 1960. to tiple of These the for 1/4 are Interest M-S. of 1%- the bonds authorized at general 1948. will election Enclose on Nov. certified a 2, check $200, payable to the Board of Education. Okla. bids receive 'sealed until 2 (CST) on Feb. 15 for the purchase of $20,000 building bonds. (Due $2,000 in 1952 to 1961. The bonds will be sold to the bid¬ der lowest interest and agreeing to offering rate the pay of par and accrued interest. Each bidder submit cash or with Jnis bid a sum its equivalent equal to University Oklahoma of (P. O. Norman), Okla. than revenue $1,200,000 sta¬ offered Feb. bonds 9—v. 160, p. 426—were a miller, ceive Village — Ingen & Co., Inc New York; Stern Bros. & Co., of Kansas City: First , Securities Co. of Kansas, of Wichi¬ Estes, Snyder & Co., of Topeka, as ,3s, at a price of 101.15, a basis of about 2.877%. dated March are 1, 1961, subject to optional re¬ demption by the State, in nu¬ in their entirety, on April 1, 1954, and upon any semi-annual interest paying date thereafter Clerk, until bids sealed on Feb. $1,000. Due 1, as 1969, March ums Sayre, ing the validity of the bonds. Principal and interest (A-O) pay¬ able at the State Treasurer's of¬ Enclose fice. certified a the of 3% the Benford, sealed Feb. $200,000 (EST) purchase of on p.m. check value of the par ma¬ depending on Second Feb. 169, 4—v. awarded p. First the to high bid of 100.50 for 2V4s was made by the United States National Bank of' Portland. Second Tillamook, Ore. Not Sold —The Bonds not to exceed 3V2% $90,000 interest sew¬ disposal plant bonds offered 7—v. 169, p. 651—failed to attract any bids. The* bonds were to be dated as determined age Feb. on City Council and mature equal annual instalments, with the city reserving the bonds by the in 10 the bonds redeem to terest on in¬ any after date payment Sold—An (P. O. Medford), Ore. Bond bonds Sale—The $685,000 offered Feb. school 169, p. Harris, Hall 8—v. 651—were awarded to & Co., Staats of Co., Chicago; of Los Sale Bond — ' v Pa. District, The im¬ $17,500 provement bonds offered Feb. 7— 169, p. 651—were awarded the Citizens Bank & Trust Co., v. Middletown, der second a of at a price of highest bid¬ Fauset, Steele & Co., for was 2s, at 2s, as The 100.35. to price of 100.12. Spring Garden Township Sch. Dist. (P. O. 302 Elmwood Boulevard) Pennsylvania Bond Sale The $120,000 im¬ — provement bonds offered on Feb. 7—v. to 169, 546—were p. Singer, awarded Deane RHODE ISLAND Cranston, R. /. sold to First the Portland, at a follows: 1950 to 1953 v. Union Sachs Co., Coffin & Burr, and Kean, Corp., Goldman, Securities & of composed syndicate a Taylor & Co., all of New York, as 2V2s, at a price of 102.21, a basis of about 2.288%. The bonds are Feb. 1, dated 1949 and mature on Feb. 1 from 1950 to 1974 Second 2V2s high made by was inclusive. 101.938 of bid group a for com¬ posed of Halsey, Stuart & Co., Inc., B. J. Van Ingen & Co., Hornblower & Weeks and G. H. Y Walker & Co. Y Providence, R. I. Debt Details—The had outstanding on of city Dec. 31 a total $56,435,000 bonds against which was $16,994,557.93 in the there sinking fund. Temporary debt out¬ standing amounted to $5,836,436.38. price of par, as After allowing for the sinking fund the cumulative debt aggre¬ 1954 to All of 1954 to inclusive. said 1964 after Jan. 1, -; : Due on Jan. 1964 inclusive. 50,000 4s. 1 from are callable any 1954. gated $45,276,878.4.%. Water -debt outstanding was- $16,000,000 • and the water sinking fund stood at $8,514,231.06. in time Y \ value to dealers, shows at Allegheny County (P. O. Pittsburgh), Pa. Bond Offering—James W. Knox, Controller, will divided $480,000 Park, Series 18 bonds. 420,000 Public Building, Series 18 bonds. 300,000 Road, Series 59 bonds. 480,000 Bridge, Series 36 bonds. bonds. a particularly as it glance the salient de¬ of outstanding • ) (State of) '* Offering- — Raymond H. Rhode Island Bond Hawks!ey, General Treasurer, will receive sealed bids until 12:30 p.m. (EST) on Feb. 24 for the purchase $1,200,000 state college dormi¬ tory 1947 bonds. Dated M^'ch L 1949. Denominations $1,000 or of follows: 1,980,000 Air p or t in¬ report cf each issue bonds. receive until 11 a.m. (EST) 8 for the purchase of bids March foregoing just issued by City Treasurer John B, Dunn which should prove of tails County The formation is taken 'from a bonds maturing PENNSYLVANIA , $1,000,000 sew¬ bonds offered on Feb. 10— 169, p. 651—were awarded to erage Bank, National Due on Jan. 1 from $18,000 3%s. as Sale—Tne Bond school repair bonds has been 000 of of $68,- issue $7,260,000 coupon bonds, Dist. No. 49 School v'Y . . Bonded Joseph Sch. Dist. Joseph), Ore. O. (P. sealed County Sch. Hazlett, Middletown from date cf issue. Bonds Bear, Jackson & Ruffin one Wallowa County, composed of Shields & Co.; Corp. Burgwin, Churchill, of Pittsburgh. Enclose a certified, cashier's or treasurer's check for $4,000, pay¬ able to the City. ; > of opinion 546—were National at a price of 100.01, a basis of about 1.-99%4 Dated Feb. 1, 1949 and due on Feb. 1 from 1950 to 1959 inclusive. Callable on or after Feb. 1/ 1950. the date of re¬ high bid of Stearns & Co.; Eastman, Dillion & Co., and First of Michi¬ will Bank of Portland, as 2s, 100.585 for 3s was made by an ac¬ count single rate of interest'which the are to bear. The purchaser receive without charge the bonds & Scribner, of Pittsburgh, as l%s, at a price of 100.78, a basis of about 1.65%. The Pendleton, Ore. bonds are dated Jan. 1, 1949 and Bond Sale—The $12,000 series mature on Jan. 1 from 1950 to 81 improvements bonds offered 1967 inclusive. The bonds 1,1949, and incl., are optional as of 1, 1951, at varying premi¬ demption. noon follows: fur¬ be unqualified legal opin¬ Winfree, McCulloch, Shuler of Portland, approv¬ ion of & will bidder successful nished the Bonds maturing from 1955 to incl. 19 Sept. prior days' 30 upon published notice of proposed re¬ demption. Rate of interest to be in a multiple of of 1%. The March 1, from 1950 to 1969, ture on Robert for the pur¬ chase of $25,000 4% water works system improvement'bonds. Dated March 1, 1949. Denomination (EST) each as the success¬ specify. Due April $1,000 ta and GR&IGON Stoolwill re¬ less not merical order, or awarded to syndicate composed of B. J. Van gan Offering Denomination ful bidder shall on Bond 8 T. receive will general obligation, coupon bonds. Dated March 1, 1948. Denomina¬ tion $1,000. ( Due $10,000 March 1, 1951 to 1970. Registerable as to Dated April bonds. coupon 1949. 1, year Sale—The Bond dium Ritiman, Ohio , until for 28 a.m. p.m. price 100.87. Offering—S. Clerk, bids bonds, payable to the Director of Veterans' Affairs. OKLAHOMA Bond 10 for William R. Angeles^ and approving opinion of Squire, $1,000 in 1950, $2,000 in 19!51 and Fordyce & Co., Portland, jointly, bonds will b£ furnished The bids sealed noon build¬ 2% of the amount bid. basis of about 2.54%. highest bidder was the Cleveland Corp., Cleve¬ Ohio .Feb. 28 for the purchase of $250,000 3% building coupon bonds. $12,000 receive (EST) on March 3 for purchase of $813,000 3% con¬ the a Palestine Ohio Bend will Pur- 8 The second Maple Heights City Sch. Dist., Clerk-Treasurer, fare until were Sutherland & Ryan, . Co., of Toledo, as 2%s, at a First ' to awarded Feb. offered bonds ing land, for 23/4s, at a price of •» cation, in Sale—The $165,000 Bond Ohio $200,000 City a dom, Clerk of the Board of Edu¬ shall Ohio Connellsville, Pa. Bond principal only. Each bid shall specify in a multiple of Vs of 1% land Chicago, and Iiay- of Co., the to County. stroom, Director of Veterans' Af¬ Offering—David L. 1952 to Miller & den, treasurer's check payable $146,000, til . Trust group Oregon (State of) Offering—W. F. Gaaren- Bend Ohio City School District, Bond equipment bonds and bank cashier's or for (PST) on Feb. 28, for the purchase of $3,000,000 not tp exceed 2% interest veterans' wel¬ City, Olmsted Falls Local Sch. Dist., • 1 from 1950 to Feb. 7—v. 169, p.,i)46-r- A.Bond Offering—W. O.; Walton, to the Northern Clerk of. f he Board of'Education, on p. 2, from 1952 to 1961, incl. awarded were with fairs, will receive sealed bids un¬ Xenia Calvert Dayton), Mad River Local School District • and Oct. April on tary -4/Y ' (P. O. 1210 Far Hills Ave., a authorized at the 1975 in¬ 169, a a Dated 1974, inclusive. —v. Oakwood Bid-" Hudson. ' 1, 1949. may 1%. of Cincinnati, as 2J/2s, at a price of 100.39, a basis of about 2.46%. Dated April .1, 1949. Due All of the bonds are dated Feb. the bid for a different rate of interest in a multiple of V4 of ders to on to basis of about 1.96%. April 2, 1949. Due on Jan. 100.24, & Co., 75,000 fire apparatus bonds as IV2S. Due on Feb. 1 from 1951 to 1960 inclusive. the presently depository, legal White A. clusive. 1, at payable (M-N) Due 2s. as from 1951 1 Feb. Due $6,000 May and Nov. 1989. Principal and to 1965 1, bonds ment $5,000 May and $6,000 Nov. 1,1950 to' 1964, and J. to be accompanied by a bond or cer¬ elusive. - March 2 for the $225,000 2 V2 % con¬ Denomination $1,000. 1949. 1960 in- 250,000 series A sewer improve¬ on bonds. struction bids sealed (EST) purchase of to 1951 from 1 8—v. awarded Chicago; William R. Staats Co., of Los Angeles, and Fordyce & Co., of Portland, as 2s, at a price of V4 of 1%. Interest J-D. The pro¬ Ohio Bond Offering -— P. J. Foltz, Clerk of the Board of Education, p.m. awarded ^ere rate Hudson Local Sch. Dist., 1 build¬ $37,600 posed Sutherland Ryan, Ohio ing bonds Feb. 7—v. 169, p. 650— $18,000 Ohio Sale—The $575,000 Bond Feb. offered bonds be opinion of Burgwin, Churchill, Ruff in & Hazlett, of Pittsburgh. Enclose a certified, composed of Harris, Hall & Co., of 1949. & about 1.704% as follows: Co., of Toledo. Dated Oct. 1, 1948. $250,000 series A street improve¬ Due Oct. 1, from 1950 to 1969, incl. ment bonds as iy2s. Due on to awarded or certi¬ payable to Inc., Rapids, Ohio 9—v. Feb. Nov. 2, 1948. En¬ on certified a of Halsey, Stuart & Co., Paine, Webber, Jackson & Sale—The $24,903.76 water Curtis, and Mullaney, Wells & Co., of assessment bonds offered all Chicago, at a price of Grand Bond close the at authorized at the gen¬ were These are the lk of 1%. tiple of bonds These Interest A-O. 1%. of 1/4 may eral election April 1, 1949. Denomina¬ Dated Oct. 1, 1950 to 1969. bid for a diferent of interest in a multiple of (P. O. Albany), Ore. Bond Sale—The $650,000 school will bidder successful The County Sch. Dist. No. 5 Linn of the 651—were Sale—The for which all of the bonds offered for price of par. a success¬ bond a $250, jointly, furnished and Bidders rate for Each bid shall The second 1, 1950 to 1979. specify a single rate of interest & Co., 1, 1949. Portland, at Village. Bond purchase of $40,000 4% improve¬ fied check or bond for $2,680, ment bonds/ Dated April 1, 1949. payable to the Board of Edu¬ Denomination $1,000. Due $1,000 15,000 Improvement bonds. $1,000 Nov. 1, 1950 to Enclose check the expense Vercna Local School District, certi¬ a to the at 1, 1949. Denomi¬ $242,000 March sale are to bear, expressed in a $44,000 2V2s, $158,000 2%s, and $87,000 3s, multiple of % of 1%. .1 1), Ohio Oifering—E. of March Dated nation $1,000. Due United States National Bank, and of by Dempsey, furnished be Village. Burnett, $268,000 Construction bonds. Due Clerk of the Board of Education, Nov. 1, as follows: $11,000 in will receive sealed bids until 1950 to 1967, and $10,000 in noon (EST) on Feb. 14 for the to supervised & bidder ful West Manchester, R. F. D. No. Bond 1968 be Dated Jan. bonds. 33-D highest bidder was Blyth Squire, Cleve¬ land, and their approving opinion the Township Local Sch. Dist. (P. O. of a The second highest bid¬ Doll & Isphording, Inc., 2!4s, at Monroe follows: of The Sanders 1949. of Education, the Board of 9—v. Co., 'of Cincinnati, as 214s, at price of 102.03. Dated March Twp Local Sch. Dist. M-S. improvement bonds ence 169, p. 546— will awarded to J. A. White & were (P. O. Archbold), Ohio Bond Offering- — Owen Rice, Clerk con¬ Series Peoples Bridge, 2,100,000 I960, incl. 387,000 2%s. Due on July 1, from 1961 to 1970, incl. a V4 of 1%. Interest proceedings in refer¬ to the issuance of the bonds multiple $135,000 in interest of rate Series Road 55-D bonds. Due on Jan. 1, from $298,000 2s. 1951 to 1,500,000 Peoples basis of price of 100.18, a 2.28%, as follows: a about Bidders may bid for a 1964. different and Feb. offered price of 100.68. German Sale—The struction at a 2V4, Village School District, Ohio Bond Ryan, was for Treasurer. Exempted at 1959, $2,000 in 1960 and 1961, $1,000 in 1962, and $2,000 in 1963 and 1 from 1950 to 1959 inclusive. The second in 000 bid/payable to the Mariemont Due on Dec. 1, 1949." a bonds District of Corp., as 21/4, at a price of basis of about 2.05%. Cleveland, the of apparatus bonds offered Feb. 5— v. 169,, p; 425—were awarded to 1954 and furnished be Monday, February 14, 1949 CHRONICLE FINANCIAL & $1,000 in 1953, $2,000 in 1955, $1,000 in 1956, $2,1957 and 1958, $1,000 in $1952. of Cleveland, .without cost. certified check for 1% Sanders & Dempsey Township (P. O. Clinton), . COMMERCIAL THE (750) 10 Series ^ Yj _ multiples thereof. Due .*80,00(1 March 1, 1950 to 1964. • All bids will be Feb. 25, considered 1949. firm through Principal and in¬ terest payable at the office of the Volume General Bidders Treasurer. required to are single a name rate of interest which all the bonds are to bear, expressed in a multiple of % of 1%, and must state the price offered. The will State furnish to stitute valid general obligations of the State, for the due payment, of which, both principal and interest, faith full State be delivered March certified able the 1949. Enclose a for $24,000, pay¬ 1, General (F-A) at payable opinion proving Barker, man, any of Dorsey, Col& Barber, of Scott bonds Sale—The offered 546—were Feb. 169, $30,000 as 42,000 as 3s. Dated June bonds enue callable be Timber sold been has to Frost, Read & Simons of Charles¬ Dated Jan. 1, 1949. Interest J-J. Denomination $1,000. Due Jan. 1, as follows; $2,000 in 1950, $3,000 in 1951, $4,000 in 1952, $5,000 in 1953, $7,000 in 1954, $9,000 in 1955, and $10,000 in 1956 to Due from five after years electric 3% sold been 1967. All of 1952 said bonds maturing to 1967, are subject to re¬ demption on Jan. 1, 1951. Princi¬ pal and interest payable at the South Carolina National Bank, Charleston. In the opinion of counsel, the proceedings taken in connection lawful with and this interest bonds are pay¬ able solely from and secured by pledge of the revenues derived from the operation of the Munici¬ pal Stadium of the City. Legality approved by Sinkler & Gibbs, of a Charleston. Blount No. J Bond Sale —Tl?e $103,000 2V2% unlimited tax school bonds offered Feb. on 8 awarded of — to 169, v. R. Charlotte, at p. 426 were — Dickson S. & Co., price of 101.015, a basis of about 2.408%. The bonds a dated June 1, 1948 and mature are on June Second made 1 from high 1961 bid by F. W. of 1963 incl. 101.0107 was to Bond erts, Certificate state certificates of debtedness offered Feb. 8—v. in¬ 169, 000 not D. will to to exceed (CST) on interest 4% follows: as :,v;vfv'::.v Dated Feb. $1,000. payable at The the bonds Bank will be of Mary¬ ville orBlount National Bank, Maryville, and will be sold at not less than par and accrued interest. All interest multiple of a than more be one bid rates %' of three rate 1% with for and to 1963 inclusive. The bonds ject not are Chapman & borne by the be must to the S. to be issued sub¬ opinion of conditioned. The pur¬ so Bond Offering — Ralph Pier, City ^Auditor, will receive sealed bids untl 8 p.m. (CST) on Feb. 21 for the purchase of $25,000 not to exceed 214% provement were 31 at interest street im¬ bonds. previously which (These offered time all bonds on bids Jan. required to furnish Nashville, Offering sealed Bonds Feb. as follows: $2,000 in 1950 to and on 1, 1957. $3,000 in 1958 to 1960, optional Aug. 1, 1955. Principal and 1, 1949. Due bids until 1 B will 7:30 for the $5 000,000 electric Due L. receive p.m (CST) purchase of bonds. Dated Denomination $1,- March of bonds in Bond shall than for not any rate or borne by a be multiple of xk a be split may more to be one and interest as so two to of Feb. about than there 3.14%, 1, maturity. Principal payable at the Guar¬ 1959, for the bonds ma¬ in 1959. The legality of bonds will be approved by Trimble & Mitchell, of New York City, whose legal opinion will state in effect that said in Marshall, bonds have accordance with the a to the works were posed on of bonds, payable Tenn. Feb. 9—v. awarded to 1950 to a com¬ by J. C. Bradford & Co., Nasville, C. H. Little & Co., Jack¬ Dist., L. — the of J. Board on Feb. inclu¬ 1979 Dated Feb. 1949. 15, tion $1,000. highest bidder was Underwood & Neuhaus, on a bid reflecting a net 15, as fol¬ and 1950, $20,000 in 1949 $25,000 in 1951, $30,000 in 1952, $25,000 in 1953, $30,000 in 1954 to the at named place Vs of 1%. District will fur¬ The of $550,- bonds has been sold to Rauscher, Pierce & Co., of Dallas, 3y4s, 3Y2s and 3%s. and water ' of sewer $125,- revenue bonds has been sold to Dittmar & Co., of Dallas. deliver the bonds designated by the to cost These bonds were on check for $11,000, Bond Sale school bonds offered Sale—The $36,000 Bond bonds offered awarded to the State price of a 1949. 169, p. 427—were syndicate headed v. a Lehman & Bros, and Texas bonus awarded to jointly by Halsey, Stuart 2.6318%, as follows: $1,919,000 3s. Due Jan. 10, lows: $384,000 from 1958 inclusive and as fol¬ 1955 to $383,000 in 1959. 383,000 *23/4s. Due Jan. 10, 1960. 4,979,000 2,/2s. Due $383,000 on Jan. 10 from thorized 1961 to Jan. of 1974 to March 10, bonds Co. Inc.., in dated Associated with 1949. Lehman Bros, and & are the Halsey, Stuart underwriting the following: Phelps, .Fenn & Co., Inc., Blair & Co., Chemical Bank & Trust are Co., Son, Trust Co., Charles First of Texas B. furnished to Dallas Rupe & White & Co., Corp., Fort Worth at The Bank, of bid. V4 the the oi success¬ of expense purchaser shall the fur¬ nish the printed bonds at his own expense. Enclose a certified check: for $5,000, payable to the City Treasurer. Neenah, Bond bonds iy4s, at a 1949. to Feb. 7—v. awarded to 169, 1.23%. Due 1961 Dated Feb. on 1 inclusive. Feb. from The bidder Baird & Co., for iy4%, at VI." Robert was 1, 1959 second highest of p. Mil¬ the Co., of Milwaukee, 0.3 price of 100.13, a basis about of Wis. Sale—The $100,000 school offered price a 100.13. Racine, Bond $250,000 tem¬ fund bonds offered Feb. 3 169, 427—were awarded to* p. First National DAs, at basis of Sept. 1, from second Bank, of Chi¬ price of 100.16, a about 1951 W. Wis. Sale—The 1948. 1.32%. Due to 1960 price of & Dated March on inclusive. highest bidder Baird Co., Robert was for 1 The D/4S, at a 100.15. Bond voters au¬ at an 1948, was ruled Unconstitutional by the State Supreme Court in a decision handed down were the A the over constitutional further bonds to were on 20 to understood that made to an bonds 547—> p. main construction improvement bonds. Due July 1 from 1950 to 1966 inclusive. inclusive. was of 30 years, while constitution limits tenure of bonds 169, 12,000 airport hangar bonds. Due on July 1 from 1950 to 1961 Dated mature period a water and debt objection $62,000 4—v. awarded to the Channer Se¬ $50,000 State and, accordingly, would exceed Feb. curities Co., of Chicago, on a bid reflecting a net interest cost oi* about 1.48%, as follows: Feb. 5. The court on Sale—The offered held that the bonds, as authorized, would be general obligations of It is effort will be years. Jan. highest 1, 1949. The second bidder Central the was Republic Co., of Chicago, reflecting a net interest on bid a cost oi about 1.49%. legalize the proposal by of specific legislation, through the medium WYOMING ^ enactment rather of constitutional Campbell County High School District (P. O. than a and that the for new amendment Gillette), bill will provide payment of the bonds exclu¬ County, Bond Offering Wyo. E. R. Pines^ Secretary of the Board of Trus¬ — sively from a tobacco tax. This latter provision will thus estab¬ tees, will receive sealed bids lish the bonds til 10 a.m. eral as other than gen¬ obligations of the State. exceed Bond cational school 652—were on offered vo¬ at Feb. 10—v. 169, sold March 1, 1951 and in of the & Webster Securities Corp., New York, Har¬ Hall & Co., Chicago, East¬ man, Dillion & Co., New York, ris, Mercantile-Commerce Bank & Trust Co., St. Louis, and Martin, & Corbett, of Chicago, as l3/4s, at a price of 102.462, a basis Burns of about dated on 1.56%. March March 1, The 1949 1 from 1950 bonds to 1969 in¬ clusive. Second high bid of 102.41 for was l3/4s posed of made First a group National com¬ Bank of Harris Trust & Savings Bank, and the Northern Trust Co. Chicago, Monroe, Bond City Wis. Offering—G. Clerk, will S. Soseman, receive sealed ia option March 1, be of redeemable the District and 1953, payment bonds Bonds maturing 1957. shall 1957, on dates ai oa intent thereafter, and maturing in 1955 and 1956 shall be redeemable at the optica of the and District on on interest are and mature Due $24,000 1954, $28,000 in 1955 and 1956, and Inc., of New York, Milwaukee Co., Stone school March 1, 1952, $26,000 in 1953 and $29,000 in Milwaukee, follows: as to a syndicate composed of Phelps, Fenn & Co., p. high Dated Denomination $1,000. 1949. $1,000,000 bonds interest 3% building bonds. Wis. Sale—The un¬ (MST) on March 1 for purchase of $185,000 not to the WISCONSIN on 1978 in¬ multiple incl. proposal the public auction the Due on November, Madison, Due $383,000 10 from 1, 1973 in¬ clusive. All issue by in clusive.. 1,915,000 2%s. Jan. $100,000,000 veterans' bond election State 11— of New York, at 100.043, a net interest price of City. a 1.70s, as Dated par. a rates Watertown, Wis. Feb. Co. Inc., both cost of about be bidder cago, as ^ general Feb. 7 Denomination $500. Jan. 1, from 1950 to 1952, the on will ful —v. County (P. O. Pomeroy), Wash, s $9,196,000 The — in a,t the or Savings interest bonds will be the direct general obligations of the City, and are being issued subject to the fa¬ vorable opinion of Chapman & Cutler, of Chicago, which opinion pay¬ WASHINGTON that Indep. Sch. Dist., be porary obligation Monroe, & 1%, the same rate of interest to apply to the entire issue. The able to the District. limit. lr,Tl' Houston them. anticipated that delivery can be effected in approximately 60 days. Enclose a. certified or cashier's of All 547—were the authorized at the election held Jan. 8. (F-A) Commercial waukee bonds, a copy of proceedings, the approving opinion of any recognized market attorney selected by the purchas¬ tional—The Sold-^-An issue interest payment date Principal and interest payable at the First Na¬ any tional Bank Washington (State of) Electra, Tex. as on thereafter. the without sewer by Bonus Bonds Ruled Unconstitu¬ issue or Any rate or rates in a multiple of be must designated interest; turing in 1965 to 1969, being sub¬ ject to redemption at par at the option of the City on Feb. 1, 1964, nish the printed interest cost of about 3.17%. 000 water Trus¬ Denomina¬ Due Dec. lows: at 1949. The second Sold—An Crane, of were sive. Bonds Tex. purchase of $550,000 not to exceed 3% interest school house bonds. Feb. Union Constitu¬ Sale—The $485,000 water improvement bonds of 1949 offered on bonds. Due sewer from 15 Sch. Offering President 2^2% bonds. Dated Feb. 1, 1949. Denomination $1,000, Due $10,000 Feb. 1, 1950 to 1969. Bonds ma¬ the group the issued City Treasurer. Paris, Ind. tees, will receive sealed bids until 8 p.m. (CST) on Feb. 23 for the 15 from 1950 to 1979 inclusive. 115,000 exceed coupon Garfield 169, p. 652— been certified check for 2% amount of the Bond follows: Stone & Webster Securities Corp., Estabrook & Co., Eastman, Dillon & Co., B. J. Van Ingen & Co., Inc., Stranahan, Harris & Co., Inc., Hornblower & Weeks, First of Michigan Corp., Laurence Marks & Co., Detmer & Co., G. C. Haas & Co., Otis & Co., Rauscher, Pierce & Co., Paul H. Davis & Co., Adams, McEntee & Co., Inc., Byrne and Phelps, Inc., National City Bank of Cleveland, Dallas tion and statutes of the State. En¬ close as $100,000 street bonds. Due rate one anty Trust Co., New York City, or at the City Treasurer's office, at the option of the holder. Interest payment dates will be March and September 1 of each year, and on June 1—v. to Monroe. It is $215,000 bonds 169, p. 547— were awarded to McClung & Knickerbocker, of Houston, on a bid reflecting a net interest cost or not name rates, L>ut more Neches purchasers Texas Sale—The offered The named rate may for all of the bonds, uniform or name interest Port 55 bids until 2 p.m. (CST) on March 1 for the purchase of $200,000 not must ers, and will to the bank Angleton, a shall 1/10 of 1%. be , 1, 1959. Bidders the Jan. 1 from 1951 on power revenue, coupon March 1, 1949. rates 1.86%. Dated Jan. 1961 inclusive. to 000 Thomas Bond dated 1949. Denomination $1,000. Due Aug. .1, are of about Frioha, Tex. Tenn. — Mayor, March were rejected.) as County Trustee. Caldwell, Dak. ton, p. — Scodder, of new Middle2s, at a price of 100.93, a Bonds on O. The $60,000 road bonds offered Jan. 31 252—were awarded to Dated Feb. 15, the printed bonds. Enclose a cer¬ tified check for $10,000, payable the Avon, Banks County, and all bids chaser will be May, 1948. the purchaser. 169, —v. election the at 1962, and $40,000 in 1963 to 1966. Principal and interest (J-D) pay¬ ma¬ Cutler, of Chicago, such" opinion to be of cost in Sale Bond more single any the favorable to the (P. County authorized were able and bridge turity. Interest F-A, turing SOUTH DAKOTA at Co. Smith not June 1961 date 2V2s, or a net interest cost of about 2.98%, was made by a group composed of Equitable Securities interest of rates specified be in must Inc., both of New York, Peoples 1 from subsequent in¬ or on any has been sold to Rauscher, Pierce & Co., of Dallas. These bonds Jan. on . 15, 1949. Denomina¬ tion National Bank, of Charlottesville, Co., of Chicago, Minsch, Monell Co., of New York, Field, Rich¬ & Co., Cleveland, Mullariey, Wells & Co., of Chicago; Thomas & Co., of Pittsburgh, Miller, Kenlower & Co., of Detroit, William R. Compton Co., of New York, and Frost, Read & Simons, of ^Charleston, as 1.90s, at a price of 100.30,, a basis of about 1,86%. ,;Dated June 1, 1948. Due on June order TEXAS : Highway bonds. Due $10,000 Feb. 15, 1950 to 1969. Co., of Chester, Bacon, Stevenson & Co., Geo. B. Gibbons & Co., & callable in are street or 000 basis 1, as follows: $555,000 in 1952, $575,000 in 1953, $595,000 in 1954, $615,000 in 1955. $635,000 in 1956, $655,000 in 1957, $675,000 in 1958, and $695,000 on ards on of $950,works, sewer system improvement bonds water held 1955, and $10,000 in 1956 to 1965. 000. & 1, 1955, payment 200,000 & Peoples National Bank, of Rock Hill, First National Bank, of Memphis, Clement A. Evans & Co., of Atlanta, Kebbon. McCormick, dated Jan. are varying premiums depending on the date of redemption. Second high bid of 100.01 for $455,000 3s and $30,- Rob¬ receive $130,000 Hospital bonds. Due Feb. 15, as follows: $5,000 in 1950 series Co., Blair & Co., Inc., B. J. Van Ingen & Co., of New York, Otis & Co., of Cleveland, Hamilton & Judge, bonds, divided 426—were awarded to a syn¬ dicate composed of Halsey, Stuart p. inclusive. Sold—An issue Carthage), Tenn. Feb. 25 for the purchase of $330,- Cummings, Sale—The $5,000,000 highway 1977 Jan. 1 from on 000 and Juran & Moody, Temple Securities Corp., and Hermitage Offering—Geo. County Bond <" individuals, at par. sealed bids until 2 p.m. Richmond. (State of) has 1, 1954, terest Tennessee Craigie & Co., of South Carolina Due to Jan. 1 from on inclusive. numerical inverse & Kermit, Texas Bonds 1949 and those maturing County (P. O. Maryville), than County School District (P.O. Columbia), S. C. Due 1964 310,000 3s. Securities may Richland local $20,000 bonds TENNESSEE proper these on 1960 to 1965 Ginther & Co., Co., Barrow, Leary & Co., Moroney, Beissner & Co., .Thomas & Co., R. C. Schmertz & Co., Paul Frederick & Co., and Rotan, Mosle & Moreland. Jan. 1 from on Corp., show issue authority for the issuance.of these bonds b.y the City Council and the bonds con¬ stitute valid and legal obligations of the City. The principal and Dak. revenue to price of a S. Lake, Sold—An issue of ton. in Due 85,000 23/4s. 1, 15, 1949. from 1 Bank, McDonald-Moore 1955 to 1959 inclusive. after Jan. 1951 to 1969, incl. All of said bonds Jan. on National (751) 1954 inclusive. 60,000 2V2S. & 2i/2s. Bond issue of $150,municipal stadium rev¬ Due 1950 to All of the bonds Charleston, S, C. Sale—An 3s. Co., of Sioux Falls, and the McCook County National Bank, of Salem, jointly, as follows: SOUTH CAROLINA Bond follows: as p. Gefke to date. 000 3V2% 2.938% sewer 4—v. awarded CHRONICLE M. Dain & Co., Minne¬ and Herman Bensdorf & Co., of Memphis, at a price of 100.005, a net interest cost of about . $72,000 FINANCIAL apolis, Salem, S. Dak. Bond & J. son, $30,000 Minnepalois, will be furnished. will Treasurer. COMMERCIAL suitable banking institution desig¬ nated by the purchaser. The ap¬ possible soon .as as check the to of pledged. The bonds will are after credit and interest the purchaser the legal opinion of Sullivan, Donovan & Hennehan, of New York, that the bonds con¬ the THE Number 4777 169 thereafter. (M-S). 'The 1954, dabs District the successful bidder will furnish with the March 1, payment executed bonds and the approving legal opinion of Myles P. Tallmadge, are the bonds election held a of on These- Denver. authorized Jan. 10. Enclose certified check for $9,250, able to the the at pay-q District Treasurer. "Oil "1TCm VTUi; Zz Monday, February 14, 1949 XJHKUXTOJOJ TTi\ H1N"C1H"JLI ■M[ U r #: ;W' BUT THIS IS EASy THIS IS HARO believe in saving. iOure, you But it's out it make yourself take cash to pocket, and time out of your day, get U. S. sure the way, started on easy way to an do If you're on a do your saving is automatic savings plan with Savings Bonds. Like this 1. ... payroll, sign up in the Payroll Savings Plan, then forget it. From then money saves much per itself—sq much per payroll, sign on a bank for the Bond-A-Month Plan. You just ten years starts Every #3 make you or so up at your Equally decide how much you want to bonds every money the on week, month. If you're not 2. In to regularly. The to mighty hard of your month, after into bank does the your rest. buying bonds, your you start coming back to easy. put you—well-fattened! invest today brings you possible all the wonderful things back #4 you to dream of doing. AND THIS IS And remember—any time emergencies, MIGHTY WONDERFUL Automatic saving is sure you can get you need your money for it back in minutes, without losing interest.' saving- U.S. Savings Bonds Contributed, by this magazine in co-operation with the Magazine Publishers of America as a public service. —