The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEB
■
1 6
1943
MONDAY
Reg. U. S. Pat. Office
Volume 167 Number 4673
New
York, N. Y., Monday, February 16, 1948
Price 75 Cents
Copy
a
General Corporation and Investment News
RAILROAD
PUBLIC UTILITY
-
Acme Broach Corp., Ann Arbor, Mich.—Stock
—Dean
W.
Titus
&
Ann Arbor, Mich.,
Co.,
HISTORY
in
AND
BUSINESS—Corporation
incorporated
was
Oct.
2,
Michigan.
As oi Dec. 1, i947, corporation purchased certain assets, including
machinery; equipment, designs, accounts, receivable, cash, etc., of a
Kentucky corporation of the same name, and paid the Kentucky corpjration
for
said
Broach
Corp.,
tion
the
of
assets
(Mich.)
by
the
with
a
liabilities of the
delivery
value
par
of
of
stock
common
of
and the
$122,885,
Acme
their
the
development
Mr.
use.
ol
After
the
Co.,
he
new
American
this
business
On
Aug.
his
After
Broach
and
14,
1946,
Mr.
the application
a
general
Lapointe
of
of
and
his
severed
the
company.
Tool
<
connections
determined
Lapointe and his
of
operation
is
in
and
around
also
furnished
in
to
<
in
equipment
with
manufactured and
are
in
that
Detroit,
believed
the
the
best
Mich.,
are
which
its
will
be
Detroit
the
readily
largest
area
constitute
purchased
manufacturing
profits)
exc.
income
559,775
1
578,186
premium
Otner
debt
debt
of
&
4,137,278
$9,699,622
$9,922,365
243,862
.2,980,814
2,892,12}.
60,302
65,490
*
5,254
expense
33,124
.7,608
46,175
parts,s
available
market
within
or
type
a
for
radius
in
the
$494,705
$6,612,331
of
105,000
1,260,000
$383,156
$389,705
The
$5,352,331
$5,275,982
at
i
Alleghany
the
Corp.,
sale
loans,
in
and
1948
-v..
.
Mr.
its
of
bonds
mortgage
the
to
use
off
pay
Estin
also
common; stock
Young,
U.
S.
used
of
Mr.
to
off
pay
balance
proposed
from
proposed
bond
Chicago, Rock
income
the
Estin
Government
$2,000,000
be
Common
stock
GIVING
EFFECT TO
(par $5)
PRESENT
OFFERING
Authorized Outstanding
64,577 shs.
100,000 shs.
—
$4,000,000
that two
&
shares
of
of" the
proceeds
of
held
cash
b>.
proceeds
holdings,
Island
$20,000,000
and
Alleghany's
that
and
Pacific 4%
to
PURPOSE—The net proceeds will
be approximately $170,000. Of this
approximately $45,000 will be used to retire liabilities which
corporation is assuming in connection with the purchase of the
Acme Broach Corp.
(Ky.); $65,000 will be placed in a separate fund
for the acquisition of property and the erection of a
building thereon.
amount,
purchase shares of
Mr.
discount
Estin's
tion' at their
the
Balance
of
approximately
capital.—V.
166,
$60,000
will
be
used
additional
as
working
of
sale
C.
Gilbert
election
Colgate,
Chairman
Rudolph F. Gaeg
of
of
securities
the last
seven
the
board,
on
Feb.
,
3
announced
R, Smith,
Mr.
reorganization
Wright's
operations
and
facilities
for
postwar
director
Air
of
Feb.
on
Commuting,
3.
Ducas
Mr.
'
is
\
also
Inc.,
at
a
special
stockholders'
meeting
.
Chairman
of
the
board
of
Winget, Ltd., of
England, and a director of Birds-Eye Holdings, Ltd.; Arthur L. Peirson
& Co.; Super Seal Container Corp., and Precision
Parts, the latter a
Canadian
Prior
company.
the
to
established
products in Europe and other
Edward
;
but
C.
distribution
of
Birds-Eye
frozen
foreign markets for General Foods
Commuting,
Inc.,
Mr.
Ducas
takes
Rowe, who resigned to devote full time
a director of the company.-
Commuting,
nautics
has
Air
the
the
his
to
law
in
Board
also
Inc.*
1947,
May,
applied
for
received
Clement
D.
director
and
and
Tremble,
director
a
Knox
18
B.
of
practice,
<
the
from
Civil
Aero¬
interstate
to
commuting routes.
It
transport mail via helicopter
area.
former Lt.
Gile,
is
and
for
certification
throughout the New York
Vice-President
certification
Corp.
place
remains
Air
-
of
head
As
Commander
of
in
the
Naval
Air Corps, is
Secretary-Treasurer
Air
Phagan,
Commuting.
Senior Partner
of
Phagan,
Tillison
certified public accountants.
O'
Other directors are S. Bayard Colgate, Chairman of the board of
Colgate Palmolive Peet Co.; Clarence B. Gaines, founder and President
of
Gaines
Food
Co.;
Russell
H.
Potter,
Public
Relations
Counsel;
Milton N. Weir, Assistant to Vice-President of Gulf Oil Corp.; Alfred N.
Wheeler,
Zelcer,
it
is
Vice-President
President
President of
selling
at
of
of
Marine
American
State Oil Co., St.
Midland
Skyports,
Trust
Inc.,
Co.;
F.
William
M.
N.
Inc.
—
the
167,
directors
p.
class
for
considera¬
be
Arranges
a
$7,500,000
stand-by
credit
of
Bank
$7,500,000,
being used
CHARTS
(in spiral bound book)
shows
monthly
highs,
lows—earnings—dividends—capi¬
on virtually every stock listed on N. Y.
Y. Curb
Exchanges, 1936 through 1947.
talizations—volume
Stock
and
N.
Single Copy, $10
?
•
Yearly (6 issues), $50
F. W. STEPHENS
15 William
St., New York 5
HA 2-4848
&
■
Shares
Light
of
Corp.—Offers
Its
Class
to
Stock
B
in
Feb.
on
States
to
Electric
the difference
North
American
the
on
Corp.,
who
2,044,547
own
shs.
or
for each four shares tendered
between
cash
Co.,
closing market
also
was
stock
that
for
such
if
used
the
asset
value
of
the
four
will
price
be
paid
therefor
of
such
stock
common
to
stock¬
the
on
given
the
to
retirement
corporation
from
time
to
to
last
time
purchase shares of
the open market at
in
less
authority to purchase shares in the open
than
400,000
shares
In
no
tnis
of
class
case,
B
stock
are
market
may
purchased by
however, wiil the total number
either
proposal
tenders
on
in
or
the
market, exceed 400,000 shares.
Carl
for
Power
the corporation on tenders.
of shares purchased under
tion,
J.
Austrian
also
are
and
Robert
G.
Butcher,
Central
States
trustees
directors
of
this
corpora¬
of
Ejectric
Corp. for which
proceedings under Chapter X of the
Bankruptcy Act
pending in the U. S. District Court for the Eastern District of
reorganization
currently;
are
now
Virginia at Richmond.
If
In This Issue
such
New York Stock Exchange (Stocks)
New York Stock Exchange (Bonds)
29
Boston
33
33
Detroit
33
-
Stock: Exchange—.———
San
Francisco
Montreal
;
^_
Stock
Montreal
Curb
Toronto
Stock
Toronto
Stock
Exchange
36
38
Section.
Over-the-Counter Markets
their
40
42
i
the
.
24
_
__._33
'
will
not
be
less
the
shares
right in
of
class
the
B
stock
discretion
are
Foreign Exchange
Combined
Reserve
Condition
43
the
board
directors
of
who
desire
to
make
tenders
are
requested
EFFECT
upon
the
Corp.
OF
OFFER—This
recommendation
pursuant
to
Banks
Statement
41
Statement
of
Federal
1
of
Member
to
mail
transmittal
depositary
of
Federal Reserve System
44
Federal Reserve December Business Indexes__56
or
letter,
55
Broad
authorization,
the
trustees
opinion,
existence
have
advised
the
American
they
of
do not believe it
this corporation as
Cities Corporation
desirable
a
to
separate
continue
and
that,
in
indefinitely
independent
cor-
entity; and that they propose, as soon as may be
practicable
the acceptance of tenders hereunder, to seek
authority from the
reorganization
court
ta enable
them
to
take appropriate
steps to
terminate
the separate existence oi this corporation.
The trustees
have furher advised this corporation that such
steps may take the
form of a merger
(including the sale of assets) or other combination
of this corporation with Blue
Ridge Corp., whose
stock
is
controlled
trustees
by
American
(approximately
Cities
31.467©),
or
outstanding voting
(approximately 41.6%) and
with
Biue
Ridge
Corp.
St. Louis Listed and Unlisted Securities
Edward D. Jones & Co.
Established
41
Banks
cor¬
invitation for tenders is
the
trustees
of
Central
of
Court
ol
44
Rates
Condition
in
after
the
Redemption Calls and Sinking Fund Notes...44
the
tendered,
the
of
General Corporation & Investment News._Cover
State and City Bond Offerings...
50
The Course of Bank Clearings
Dividends Declared and Payable
than
by
accepted
>• porate
Transactions New York Stock Exchange__ ....24'
Transactions New York Curb Exchange.
Stock and Bond Averages
of
determined
as
If necessary,
300,000
Electric
The
38
Exchange—Curb
total
a
tenders
In order to
stock of American Cities
thus
percentage of ownership of the trustees in
American
Cities.
If
400,000 publicly held shares of class-B stock
are
so pur¬
chased, the trustees will then own approximately
81.72%
of
all
outstanding shares of class B stock as compared with their
present
interest of about 70.457c.
The trustees have advised this
corporation
that the reason why they desire such increased
ownership is that it
will permit greater
flexibility and may resuit in certain tax
advantages
to Central States Electric Corp. in
promulgating and carrying out a
plan of reorganization for that corporation.
37
...
made
increasing
36
Exchange
to
shares,
and
reduce the public holdings in the class B
...35
Exchange
than
reserves
PURPOSE AND
being
.-..36
Stock Exchange
400,000
corporation,
reject all tenders.
States
34
Exchange
fractions,
exceeding
the
amounts.
Stockholders
35
Philadelphia Stock Exchange
Pittsburgh Stock Exchange.
unwieldy
not
of
deliver their certificates,
together with a form
properly completed, to: Manufacturers Trust Co.,
7 St., New York 15, N. Y.
7 '
•
34
Los Angeles Stock Exchange
St. Louis Stock
to
34
Exchange
less
poration
24
Exchange
Stock
avoid
and
directors
reduced
If
13
New York Curb Exchange
Baltimore Stock Exchange
of
in making minor adjustments, the
selection of particular tenders to be reduced will be
made by lot in an
equitable manner.
Quotations
Chicago Stock Exchange
:
Cincinnati Stock Exchange
to
as
375,000 shares
board
Stock
than 400,000 shares of class B stock are
tendered pursuant
invitation, all tenders received will be reduced pro rata in such
more
this
manner
t
Complete Years Covered by These
The
2,901,940 outstanding class B shares) to tender
corporation up to and including 3 p.m. on March 3,
to its asset value on the last day for receiving such
equal
based
B
pated
Louis, Mo.
922
Canada.
exceeding the asset value of such stock.
For the purpose of deter¬
the asset value of class B stock, shares of the common stock
of Blue Ridge Corp. will be valued at their asset value.
It Is antici¬
645.
Miscellaneous Features
Twelve
and
mining
Mandel,
and
States
not
a
to
Cleveland
he
war
United
the
equal
Authority
Page
who as Executive Vice-President of the U. S. Com¬
subsidiary of the Reconstruction Finance Corp., directed
the government's economic warfare campaign, was elected President and
a
25.—V.
Stock and Bond
a
the
day for making tenders.
busi-
Ducas,
mercial Co.,
held
when
Commuting, Inc.—New President—
Robert
accident
the
of
to
The
of
holders
Ry.
each
the
ness.—V. 165, p. 3273.
Air
stock
before
come
arranged
has been assistant to the General Manager of that
the end of the war he has been responsiole for tne
of
"A"
Chairman, announced on Feb. 5.
said no portion of this credit is
Smith
Compre¬
class B stock on the last day for making tenders and the
market price on the New York Stock Exchange on that
day
share of common stock of The North American Co.
one
open
has
new
the
for
value.
Feb.
years
Since
company.
of
will
Airlines,
corporation
in
Under this proposal, in exchange
plus cash
shares of
stock
Ohio
&
exchanged
as Pre-ddpnt of the comDanv.
Mr. Gag?
with Wright Aeronautical Corp. since 1930 and for
been associated
had
proposals
a
Stockholders owning less than four
shares, or any number of shares
divisible by four, may nevertheless tender them to
the corporation.
In such case, in lieu of
delivering fractional interests in
loans.
Chesapeake
portfolio. ,be
preferred
asset
meeting on
American
This
Air Associates, Inc.—New President-
the
of
not
Credit—
2409,
p.
from
1
by the corporation, stockholders will be entitled to receive
following: One share-of common stock, of The North American Co.,
for
bank
of these
Cities
Central
price
a
closing
first,
short-term
of
70.45%
tenders.
the
of Alleghany prior preferred stock, which has a liquidating
value of $50 per share plus back dividends.
He further suggested that,
after
these
steps have been
taken,
any
available cash be utilized
sizable
Feb.
on
and accepted
.
largest
operations.
about
of Boston, Mass., a director of this corporation, sub-*,
plan on Feb. 9 to Robert R. Young, Chairman, and the
management of. the company,
through which bank loans would be *
paid off and the prior preferred stock, including accumulated divif.
dertds of- $33 a share, would,"be retired.
Mr.
adoption
6 authorized the
corporation to purchase
nt, in partial liquidation, up to 400,000 shares of its class B
opportunity is g:vcn to a'l stockholders
(other than the
Ai.
their shares
Estin
to
plants
59
stockholders
stock.
a
letter
National
Co.—Employee Insurance Plan
the
Up to 400,000
Liquidation—
for retirer
Alleghany Corp.—Plan to Retire Prior Preferred Stock
Pay Off Bank Lpans—
;
a
Shoe
announces
company's
Retire
>'j, share
CAPITALIZATION
(he
1,644,076
105,000]
and
In
Bank of New York,
645.
insurance provides unusunlly liberal benefitr and is
being underwritten
by Aetna Life Insurance Co., of Hartlord, Conn.—V. 167, p. 245.
167, p. 245.
n-;: George
167, p.
to employees and their families during an emp'.oyees's active
service with the company.
Approximate^ 9,000 employees representing
95%
of those eligible enrolled in the plan which is in effect in each
$6,920,058
stock
Balance
—V.
single piece of
corporation in connection
the
by
Brake
company
Partial
the
of
Angeles.—V.
American
pfd.
on
shall provide
uniyieoecab.e contingencies."
44,696
$488,156
income
Divids.
agreement with several banks
"against
protection
disc.,
deductions
Net
the
hensive Insurance Plan which provides substantial sickness and
5,004
269,837
The
7
:
$751,180
$796,371
_
long-term
on
Los
of
American
585,193
3,119,492
[3,943,295
Amortiz.
from
which
castings,
585,193
f 3,310,480
)
.
this
because castings,
more
that
for
area
now plans to build a plant near Milan, Mich, because
availability of the site and the accessibility of foundries which
furnish
can
Inti
the Ken¬
formed
1
.
,
48,766
that
resources
Security-First
Bank
3,467,010
-
trustees
associates
being
now
manufactured
is
^
48,766
_____
taxes
inc. &
7 -taxes
with
continue
company
the
or
machines
miles.
The
are
determined
etc.,
for the machines
the Detroit area.
It is
300
Fed.
3,648,190
credit
acqui.
adjustments
General
mitted
has
plant
289,165
vice-president
operation.
management
of
301,550
intended
Is
bank.: participating are ihe Mellon Nat*. City
National Bank & Trust Co. of Pittsburgh and
$2,949,137 $38,867,846 $33,331,835
1,281,840
17,681,065
12,100,516
1,821,676
deprec
it
Tue
organization.
r.ew
..««rmber of machines which
The
$3,528,133
.____
MISCELLANEOUS
-
potential
1947—12 Mos.—1946
&
tucky corporation. This corporation began the development of certain
fcno«ching machines and have completed the engineering and design of
successful
for
Amort,
During
Sunstrand
manager
he
Co.,
the
to
Mich.
Arbor,
officer
executive
as
Mr.
Ann
interest
Machine
&
form
to
in
and
of
Co.
chief
stock
retained
was
owner.
the
Machine
was
of
machines
1947—Month—1946
the founder of and for 28 years was with
was
&
he
time
disposed
Machine
by
Broach
that
he
broaching
Lapointe
American
most
of
Prov.
Gross
corporation was organized by Francis J. Lapointe, who has
engaged in the business of manufacturing and developing broach¬
machines and tools for more than 45 years. He has been a leader
the
revenue
but
Co.—Earnings—
Operating expenses
Kentucky corporation.
This
in
Gross
INSURANCE
-
assump¬
been
ing
Power
Period End. Dec. 31—
on
offered 40,000 shares of common stock at par
1947
Alabama
Offered
Feb. 9
($5)—
INDUSTRIAL
-
300 North 4th
1871
'
St, St. Louis 2, Missouri
Members
New York Stock
St. Louis Stock
Chicago Stock Exch.
Exchange
Exchange
Chicago Bd. of Trade
New York Curb Exchange Associate
■*'-•
Phone
CEntral
Bell
•'
7600
Teletype
8L 593 -w
and
THE COMMERCIAL
(742)
2
Corp., or in the alternative, that it may take
liquidation of this corporaion.
The trustees have advised this corporation that they have not yet
determined whether they will seek authority looking toward the liqui¬
dation or toward such a merger or combination of this corporation, or
vhen such steps will be undertaken, or indeed, whether any such steps
vill
eventually receive such approvals as will be necessary In the
reorganization proceedings, or otherwise.
• •. . '
At
Jan. 22, 1948, 403,400 shares of common stock of The North
American
States Electric
Central
form of a
the
Co.
American
Cities.
<•'
The
the
of
them
by
the
of consideration
difference
the
shares
received
of
stock
common
of
of
class
them,
by
MARKET
AND
is
tenders
PRICE
CLASS
OF
stock
to
equal
to
STOCK—The
to
of
corporation, apart from cash and cash items, consist
With certain exceptions noted below, all such securities
if
or
there be
sale
no
or
stock of Central States Electric Corp.,
however, such
shares will be valued as at present, at the total value of $1 pursuant to
the
of
action
Electric
as
of
value
of
board
Corp.
market
Dec.
31,
assets
the
of
directors
stock
common
of
of
this
corporation.
had a bid price
of 62 Vj cents
1947,
Central
States
the
in
Electric
Central States
over-the-counter
The market
share.
per
Corp.,
however,
large enough to give any liquidating value to its common stock and it
would take a very substantial advance in the assets to bring about a
liquidating value equal to, the present bid price for its shares.
No
of. reorganization has as yet been proposed by the trustees of
plan
Court.
On
it
participate
27,
Nov.
and
Corp.
will
stock
common
the
Electric
States
Central
the
the
1945,
difficult
is
in
S.
U.
to
forecast
whether
confirmed by
District Court in Richmond,
plan
any
finally
At
Ridge Corp. for an order requiring the trustees to register the holdings
of such corporations of such shares for the purpose of their sale under¬
to
time Securities Act of 1933.
the
.
3,116,000 shares of common stock of Blue Ridge Corp. (con¬
41.6% of the outstanding common stock) will be valued at
asset value, similarly computed, rather than the market value, of
what has
of
of 1947
such
shares
,
the
at
tenders hereunder.
of
close
business
the
on
the securities of
All
last
day
Blue Ridge
Corp.
for receiving
have readily
Eiue
board
the
directors
of
of
which will also be valued in the aggregate at $1 in
computing the asset value of the common §tock of Blue Ridge Corp.,
for
the
above
reasons
forth.
set
interest
the
so-called
Interest
,
held
in
the
The unrealized
appreciation of investments of this corporation at Dec. 31, 1947, was
$643,960.
Total book amounts of investments are higher than total
costs for Federal income tax purposes.
If ihe amount ot appreciation
for such tax purposes at such date were realized, the Federal income
tax thereon''at the capital gain rate under existing law might appro-1
priate $610,000.
corporations.
(
The net unrealized appreciation of investments of Blus Ridge Corp.
Dec.
31, 1947, was $9,547,882.
Blue Ridge Corp. has made no
provision for Federal income tax on the above amount of appreciation,
as
that company has elected to be a regulated investment company
under the provisions of the Internal Revenue Code and as such will not
be subject to Federal income tax to the extent that its net taxable
income is distributed in dividends.
However, if net unrealized appre¬
at
ciation
of
investments
distributed
would
in
the
Dec.
at
form
31,
1947, were realized, and were not
the Federal income tax thereon
dividends,
of
approximate $2,620,000.—V.
167,
p.
245.
'
.
229,051,859
36,261,966
34,300,381
25,997,271
24,236,120
22,793,688
32,873,988
36,493,422
28,120,600
42,271,507
5,372,663
4,603,473
3,163,924
2,795,661
of >.only
r
per
of
the
Earnings
in
and
1947
share,
in
$9.42
'
rates
available
income
of
increase
an
$20,481,000
With
expenditures
of
prior
any
capital.
new
than
More
the
of
Four
for
year,
American
The
Los
Angeles,
The Dahl
v.
has announced the acquisition of the S. T. Dahl Co.,
Calif., along with its personnel, as of Jan. 1, 1948.
company has been sales agent for the Industrial Chemicals
American Cyanamid Co. since 1925 and has represented
Division on the West Coast for the past several years.—
company
Division
the
Sales Agency—
of
Plastics
167,
245.
p.
.
/' V;; vh-";;-.
;•;/
over
American
Hide
Leather
&
Co.- -Earnings—
•Operating
Reserved
Net
profit
for
profit
Earned
per
'.z—
taxes
$1,581,427
856,066
$548,621
$0.78
share——-
$725,361
$1.06
repairs, depreciation, and reserves for expenses and all
•After
other
charges, including provision for a reserve for inventory and purchase
commitments, amounting to $752,125 during 1947 and $671,378 during
1246.—V.
166,
1782.
p.
American, Meter Co., Inc»—Declares 25% Stock Div.—
directors
The
standing capital
distributions
Cash
Sept.
15
declared
have
a
25%
and Dec.
of
15,
$1
each
stock
dividend
on
the
out¬
10 to holders of record Feb. 18.
stock, payable March
were
last year.—V.
made
163,
p.
on
M^rch
15,
June
are
March
797,231
___y
-
—
__
1946
$1,345,852
—
——
income
tures
'.1947
S Months Ended Dec. 31—
14,
774.
surrender of
share
one
stock
of
at
be
18,731,893
20,606,999
20,166,251
19,389,432
$7.43
$9.42
$8.66
$8.54
•
profits tax credits of $4,666,000 in 1944
IDeiicit.
SProvision for Federal excess profits
reduced by $279,696 in 1946, $15,678,072 in 1945 and $588.of
deduction
excess
with
1944,
which
items
of
nature
surplus
of
effects in that year.
$588,146, oflsetting similar tax
INCOME STATEMENT.
SYSTEM
YEARS ENDED DEC. 31
Tel. Co. and Its
Accounts of the American Tel. &
Principal Telephone Subsidiaries)
the
1944
1945
1946
$
$
Local
Toll
1,163,791,306 1,041.226,929
857,667,039
829,998,953
95,716,686
76,962,445
63,122,595
986,853,887
3,459,025
3,415.902
rev.
1,272,935,157
rev.-
862,565.598
service
service
Miscell.
revenues
733,304,264
52,962,328
operating
(
revenues
New
Co.,
York Telephone
Pacific
Dm
Total oper.
4,755,849
6,634,509
_
2,224,582,932 2,093,664,941
rev.
482,621,307
maint.__
Current
410,947,934
237,397.877
1,930,889,452 1,769,704,577
328,345,898
298,559,949
Deprec. & amort.
205,179,332
403,275,843
144.311.642
200,764,183
335,413,283
16,397,259
127,896,786
18,526,834 V 14,979,161
23,861,159
exps.
214,212,371
212,955.415
537,845,900
187,161.270
rents-
19,754,727
expense
Traffic
•
580,567.850
expenses-
Commercial
Operating
Gem & misc. exps.:
devel.
debentures.
subscribed
was
for
issued
in
.
4
_
„
/
•>
..
*
37,576,898
36,177,970
29,318,817
105,968,527
91,912,771
70,529,763
62,268,265
83,586,066
.
for
serv.
65,317,174
43,087,190
38.336,726
22,310,004
empl.
pens.--.
Employees' sick¬
accident,
ness,
'
etc—
23,703,887
31,299,675
27,479,104
18,913^056
23,271,497
17,468,618
Other gezi. exp.
23,351,503
245,654,622
17,746,333
8.844,363
6,951,289
death,
Expenses
constr.
(Cr)
.
23,714,931
chgd.
,
•Taxes
price of $140 per share, payable by
and payment of $40 in cash for each
;•
re¬
depts._
treas.
-
$348,418,500, or more
through the exercise of
conversion.
&
search
Accounting and
Prov.
compaziy's
15-year
3%
convertible debentures v/of; 1956,
$32,692,400 was converted into stock at $140 per share during 1947
called for redemption on Sept. 1,
1947.
In addition, during the year $55,405,900 of the
15-year -2%%
convertible
debentures
of
1961, which became v convertible., on- ApriL'
15, 1947, was converted into stock at $150 per 'share,
$40,779,910
was
received during the year as stock premiums as a result of these
conversions. '
f \ ,V
"
' * •
the
remaining
:.lJte7i'4.1%56Ii\"399.,9I6j67®-;-f;;;4I7,468f28Q;:.y:
oper.
inc._
185,540,628
(net).
42,755,326
11,890,957
inc. bef.
chgs—
228.295,954
deductions!-
€2,587,906
257,057,273
Dr26,652,262
245,490,912
Inc.
Net
Other
$8,872,000
was
.' 215,924, 525
8,861 783
;
-
issued. in 1947 taking the
form of
debt in the System's ,total
capital increased from 38% at the end of 1946 to apout 49%: at the
end of 1947.
Nearly one-fourth of the total debt of the System at
;
preponderance of securities
funded debt, the proportion of
Int.
•Amort,
of
1947
convertible
is
into
stock
of
of
disct.
&
4ebt
-
'
,
257,381,869 ;
41,916,232 .
~
<
<
^
&
71.613
cxp.
.t-
.
net
Total
inc.-
v
->•
-
.'
47,563, 011
.'•
45,839,571
"
oth. fixed chgs.
„
"
.
|537,208
486,131.
262,646
215,202,991
4,447,812
6,651,484
7,021,469
176,686,089
184,079,309
165,636,435
-
Net inc. applic. to
stocks of
:t;
con
American company.The effect of conversions is to reduce debt obligations by the amount
of bonds converted and to increase equity capital by a large amount
end
fixed
>
.
t.t.
'«i
230.405,011
224,786 .308
.
V Total
the
With
the
16,747,718
21,487,982
the
Of
and
183,462,749
32,968,614 ' 8,469,361
.1947
_
convertible
$100 debenture
to
189,312,852
171,640,228 163,165,614
178,387,946 171,897,507
191,932,110
General admin.,
conversion
a
;_vl
— r-~
156,344,238
._
share——
(Consolidating
at
1,, 1948
'
••
Dr37,305
—
BELL
rights and the $9,114,100 remaining has been; sold ■, in
a premium which amounted to $775,420.
These deben¬
convertible into capital stock of the company on and after
market
on
declared—
was
in
1944,
subscription
the
premium
per
(he
in
construction in 1947 far in excess of
the Bell System required large amounts of
$1,100,000,000 was obtained during the year.
issue
!
I>rl03,776§i)rl6,267.971 Drl,323,116
Cr399,327
—————
Uncoil,
*>
this
of
4,135,680
-
rev.
corresponding increases in net operating income by
were deductible from taxable
income but were
charges.
The effect of such tax reductions
on total net income has been offset by charging a portion of
the items
to
miscellaneous
deductions from
income.
Miscellaneous deductions
from
income include
in 1945, $15,678,072, representing a portion of
the items above referred to sufficient to offset their tax effect.
These
items comprise principally $18,443,429 of premiums and other charges
in
connection with debt redemptions.
Likewise, there is included in
146
November, the largest single financing operation In the System's
was
undertaken when American Telephone & Telegraph Co.
to
its shareholders rights to subscribe to an issue of $357,97%
159,599.787
4,591,394
shs. outstdg, (par
reason
offered
than
-
165,653,470
'i.Ouy.lOi
new
,
2%%
171,441,401
14,036,431
income——
•After
company.
10-year
23,865,323
150,320,564
-
-
and $3,688,000 for 1943.
history
532,600
of
Earned
March, American Telephone and Telegraph Co..sold $200,000,000
2%% debentures.
This- offering was followed in June ? by
the sale of $200,000,000 40-year
27/a%
debentures.
Both, of these
issues as well as those of the subsidiaries were sold at competitive
In
40.042.433
—
of
In
bidding.;
10,053,635
33.127,515
revenue
Release
35-year
American Cyanamid Co.—Acquires
10,123,337
10,237,035
Total net earnings— 192,312v751;5Ui504;246 194,019,326 186,277;674
Interest deduct ions-aif-i .36,005,818
19,499,614 22,257,999 22,987,149
Amort, of debt disct. and
''
>
expenses (net)——
——
72,522
/ 121,099
124,911
taxes
for
Telephone and Telegraph Co., Southern Bell Telephone and Telegraph
Co.
and New
England Telephone and Telegraph Co., sold long-term
debt obligations in amounts of $125,000,000, $100,000,000, $75,000,000
and $40,000,000, lespectively.
The greater part of the System's cash
requirements was obtained, however, from the sale of securities of
the
Cr463,755
10,704,459
(net)
$100)
-
subsidiaries,
company's
Cr685,496
20,216,000
18,079,000
§23,340,000 •41,998,000
income—27.556,429
oper.
Interest revenues
Miscell.
ndn-oper.
No.
by
1946.
7,785,388
24,377,845
tax
Surplus
cents was due to tax credits.
itself were $7.43 per share
73
company
9,113,652
38,689,296
construe-.— 'Cri,582,756 Crl,352,459
taxes—
17,120,000 §28,344,000
prof,
1,125,484
7,333,212
35,457,790
.
35,637,699
exps._
income
Dividends
were
compared with $257,382,000
as
1,525,224 % 1,343,924 V
1,520,196
6,8)1,832
vents
chgd.
Net
BELL SYSTEM FINANCING
v
those
which
ol
American
employees' serv-
excess
income
$10.23
were
•
exps„
,
program
net
comm.
and miscell.
Net
.
.
$62,660,000,
and
Dividend
-
required to meet demands for service.
Con¬
applicable to American Telephone
and Tele¬
graph Co. stock, which was $208,552,000 in 1946 (including refunds
for carry-back of tax credits), declined to $161,189,000 in 1947 and
was at the rate of $7.66 per share on
the average number of shares
outstanding.
At the close of 1947, the current rate of Bell System
earnings was better than for the year as a whole and was at an
annual rate
of over $9.00 a
share,
Earnings for the year 1946
solidated
which may be obtained by Blue Ridge Corp.
suit, since, no basis exists for estimating the
portfolios of both
were'
charges
construction
present value of such claims; and no deduction will be made for taxes
which might be
payable with respect to unrealized appreciation of
securities
233,896,054
35,002,446
expense-
Other taxes
The
larger interest chai'ges in 1947 reflect the increase in
obligations which has come- about through the necessity for
obtaining large amounts of new capital to finance the very large
recovery
Marco
216,768,929
a
rates' .are:\pending.,''
Total
service.
$228,296,000,
was
23,216,810
28,b5y,295
Exps.
1946.
determining the asset values of this corporation and Blue Ridge
no
consideration will be given to the respective unliquidated
ciaims of both corporations against Harrison Williams, and others, or
in
telephone
;
36,524,327
Fed.
debt
In
eventual
telephone
return
a
25,335,861
.
201,178,132
revenues--
maintenance
federal
adjusted to today's costs, this return would be about 3%.
Corp.,
any
This is
$
198 610,965
28,186,361
benefits Ls-—---i----
System employees, the
in
increased
for
29,996,511
'•
-
$
8,170,119
Gen.
4.5% on the total, capital invested
in the business,
the lowest In the System's history. except in the
depression years of .1932 and 1933.
If the value of the plant were
corporation, and $315,000 is to be paid to Blue Ridge Corp.
These
respective sums, less expenses accrued or estimated in connection with
such claims, will be included in determining the respective asset value
cf this corporation and Blue Ridge Corp.
to
of
dividends
and
1946.
in
this
.
applications
volume
increased
-
Included among the assets of this corporation and of Blue Ridge
Corp. which will be taken into consideration in determining the re¬
spective asset values of both corporations, are claims of both cor¬
porations against Central States Electric Corp. which have been settled
la the total amount of $500,000, of which $185,000 is to be paid to
ONLY)
'! 1944
*
200,581,807
./
181,254,385
': 'fdnded; debt
increases
1945
DrJ46,035
bperating
i
before
1
1946
162,413,496
;
ice pensions--.—
Employees' sickness, ac¬
cident, death and other
Operating revenues in 1947 were $2,224,583,000, • an increase; of
$130,918,000, or 6.3%
over
1946.
Operating expenses,
other, th$n'
taxes, increased $202,629,000, or 12.7%, due mainly to increase in
wages and in the number of employees needed to keep pace with the
Ridge Corp.,
telephone' subsidiaries.,,
8,600,457
Traffic
and Telegraph Co. Increased
About 50,000 .employees are now?
260,000 are purchasing stock under
*
•"
'
Plan.
increased
Additional
year.
27,700, holders
YEARS •(COMPANY
'v->• •'
revs..
names
-Dr622,071
Prov. for
Bell
663,000
l"',
1947
com¬
the
...
by regulatory authorities.
A large portion, of
the rate
increases already approved did not become, effective until late'irV the
Blue
about
in
8,060,226
approved
Inc., the value of which
Ridge Corp., who are the
same persons as the directors of American Cities, and except the 806,248
shares of the common stock of Central States Electric Corp. held by
by
1947
10.2.%
insurance
was
Dr732,04j
Total oper.
Telephone
approximately
Stock
expenses
of
L3%-
9,444,124
Current
System earnings in 1947 were adversely affected by strikes
the second quarter of the year and by the fact that* wages. and
other
trustees,
principal
CALENDAR
or'longer. :
Dr675,999
■
Depreciatioiz
been
there were
American
of
Employees'
end
270,000 share¬
25.7%/while
mezr
by
only
investors"'
than
years
15
revenues-
Bell
in
convertible preferred stock of Capitol Records,
fixed
*
contract
stock
while
Uncollectible oper. revs..
EARNINGS
available market quotations, except 7,000 shares of the $2.60 cumulative
is
ago.
number in its history.
and
the
at
thousands'of
More
for
shares,
19.4%
firms;
company's
FOR
revenues—
Misce.laileous
demand,
public
The
stituting
the
dozen years
a
service
License
'7.''"'.''
record total of more than 723,000.
a
stockholders
,
,
end
Stockholders
pending, denied the application of American Cities and Blue
are
as
continuing
idea
an
the
largest
Va., in which the reorganization proceedings for Central States Electric
Corp.
twice as, many
give
also
the
stock.
total
and
private
were
of
and
30
total
total, held less than lou shares
including insurance companies
the
of
the
of
and
ACCOUNT
stock¬
the
was
the
numbered '!: 207,800
■
additional
the company
in
accounts,
V"';"'Toll
and is being done—the amount
of central office equipment added; since V-J Day: is enqtzgh'to "serve
more
telephones than there were before the war in the entire area
served by
the Bell System west of the Mississippi River. Currently,
enough of this equipment is being installed each week*" to serve - an:
entire city the size of New Haven or Grand Rapids, Syracuse,' San '
Antonio, Birmingham or San Diego."
*
,
To
not
is
:
7/
the
stock
common
45%
>
telephone growth has far surpassed all previous
the increasing value of telephone service to
meet
the
held
1%.. of
more,
43.4%
There
INCOME
the Bell System last year
produced, built And installed more telephone Une& and central office
apparatus than ever before.
Expenditures for new telephone con-;
struction set an all-time high of $1,185,000,000.
The amount-of new
capital obtained by the System likewise exceeded a billion dollars and
was
the largest sum ever raised .in a single year.'
Western. Electric
Co., manufacturing and supply unit, broke all production records to
reach a volume about twice its prewar peak.'
day then at the closing bid price on that day. In the case of the >335,764
shares of common
of
of
half 'of
shares
of
shares
or
stock
joint
5
94%
the whole postwar
war.
than
in
brokers.
of
indicates
To
security on that
such
any
the
more
readily available market quotations and will be valued on the
basis of tne last saies prices therefor on the market on the last day for
tenders,
year
$
owned
to
representing
held
and
owned
of
onerthlrd
shares
or
100
corporations
panies,
experience
more and
more
people.
It took about 40 years for the Bell System to gain
its first 6,000,000 telephones.
Since V-J Day, the number has in¬
creased by more than 6,500,000.
At the end of 1947, 28,500,000 Bell
telephones were in service—30% more than when the. war ended and
Lave
receiving
41,500
number
as
of
institutions
held
was
of
More- .than
723,374.
service continued at
characteristic of
Postwar
and
of the
securities.
of
was
to the purchase
.apply
or
*';'1/!?'**'•' fi• '*«"'>'>'
average
much
as
stockholders,
other
Women
following:
the*extremely.high level that
period. Nearly 2,800,000
telephones were added and the volume of calls, clirpbed to. mp.re than
166 million a day, which "is 50 million a day more than
at the end
by reference to the balance sheet of'the corporation as of Dec. 31, 1947,
contained in its annual report to stockholders for the year 1947, all
assets
and
of
The
held
Holders
each.
Telegraph Co.—Annual Report
report affords the
annual
demand for
New
has been
tion, deducting its accrued liabilities and dividing the difference by
the number of shares of class B stock outstanding.
As will be observed
the
stockholder
681,900
___
receiving tenders by valuing all the assets of the corpora¬
day for
was paid on
the- common
Feb. 15, 1943, as. originally
1947.—V. 167, p. 643,
stock
common
In cash
shares.;
high
women.
outstanding, r'Holders
of outstanding. accomplishment in
the* Bell System.
Service was improved and facilities were expanded
at
a
record-breaking
rate sharply exceeding'
the, remarkable pace,
of 1946.
'
' "
American Co.
B
1947
Nineteen-forty-6even
be purchased pursuant to this invi¬
be determined at the close of business on the
of the class B stock
in
American Telephone &
The
the date of distri¬
North
The
20%
6,
1948, instead of on
holders of re.cord Dec. 29,
to
all-time
an
are
totaled
between
B
reached
Co.—Stock Div. Paid Feb. 6—
Feb.
on
of
^During 1947, .^he ' compahyV stoekhqide^
>:■
holders have
them»
a.sset value
for
to
basis
amount
VALUE
ASSET
measured
by them plus the market value at
shares
any
received by
tation
the
received
of
bution
other
or
and
cash
thereon,
losses
or
cost
tax
tendered
last
The* dividend of
stock
take either
may
number
V,stockholders;;;;'l?-T-'•$
of 1947.—
corresponding week
the
V
American Rolling Mill
/.
' •' '•
'■
is
advised by counsel that stockholders whose
accepted will, for purposes of Federal income taxes, realize
gains
over
which-he
of. a -smaller
no
stock to be purchased by this corporation will,
practicable in partial liquidation of American
as
235,693,000
to
15.23%,
or
refund
a
inputs of. subsidiaries
kwh.^K an
increase . ox
System
holders
corporation
capital
p.
intended,
soon
as
tenders are
•the
646.;
167,
the
1948
5,
Monday, February 16, 1948
Input—
Light Co.—Weekly
&
Feb.
amounted
company
kwh.,
160,900 shares by Blue
shares by the trustees of Central States Electric
class B
shares of
retired
ended
31,151,000
/■
The
this
of
Power
week
V.
owned by this corporation;
were
Eidge Corp. and 31,521
corp.
the
For
FINANCIAL. CHRONICLE
&
the
sol.
public
subs,
held
by
_______
^
-6,829,528'
.
American Paper Goods Co.—Sells
$900,000 Notes Prihas sold $900,000 of 15-year notes
to The Mutual Life Insurance Co. of New York, it was
announced Feb. 10. Proceeds of the financing will be
vately-rrThe
added
to
company
net
working
capital
for
expansion
of
due
the
to
bonds
Stock
extent
Plan.
the
Under
business.
October
American
Goods, incorporated in 1893 as successor to the
Howard Manufacturing Co., is one of the oldest firms in its field.
The company manufactures "puritan" paper cups for beverages, foods
and ice cream, envelopes for packaging of small articles, and glassine
and cellophane bags and envelopes for various food products, textiles,
hardware
The
Paper
and
other
items.
maintains sales offices in nine cities and operates
plant in Kensington, Conn., and Chicago.
The paper concern's new
Chicago plant, started in August, 1945, was constructed by the Austin
Company.—V. 164, p. 2150,
taLL
i
company
,
-
of
its
the
1946,
Employees'
Stock
Plan
approved by stockholders in
in September 1947 offered stock to' those
the company
employees
subsidiaries
with
(other than
more
officers)
than
six
and
months"
to
to
employee
no
purchase
one
share
service.
.
161,188,623
208,551,507
177,057,840', '169,856,561 >
stock—
189,312,852
183,462,749
178,387,946
surp._
$28,124,229
25,088,758
$1,330,106
21,487,982
20,606,909
20,161,251
19,389,432
$8.93
$8.89
& Tel. Co.
i
Divs.
on
Balance,
No. of
chs.
Tel. &
Employeeswere
stock
Earns,
stk.
T.
A.
T.: Co.
those employees of. its
for each $500 of annual rate of pay,
purchase more than 50 shares.
Elections
to purchase more than 1,430,000 shares were received from approxi¬
mately 260,000 employees.
Payment, which began in December 1947,
is at the rate of $5 per share per month.
The price per share to
employees is fixed at $20 below the market price when payment is
completed but not more than $150 or less than $100.
An employee
may cancel his election to purchase in whole or in part
and receive
entitled
but
.
■
reduce
capital will be
the
to
premiums paid in.
Complete conversion of these
the proportion of debt capital
to'about' 36%.
further increased and the debt ratio decreased
that additional shares are issued under the Employees'
'
V:
;v'> ;
*
EMPLOYEES' STOCK PLAN % , ;; ,.v
cash
would
Equity
Net Inc. applic. "
to Amer. Tel.
&
171,897,507
'
$2,040,946
Amcr.
Tel.
Co.
outstdg._
share
r
$10.23
$7.66
per
could
•Federal
085
of
income, $74,381,767 in 1947; $117,193,990 in 1946; $105,426,1945;
$102,684,243
in 1944.
Federal excess profits
(refund
in
$16,658,655
in
1946
due
to
carry-back
of
excess
credits),
profits
$147,976,875 in 1945,' $173,627,076 in 1944; other, $171,272,855 in 1947,
$156,880,226
in
1946,
$146,513,710
in
1945,
$141,156,961
in 1944.
IDeficit. 1
*" •'
'
I V
, i
■
'•
'•
.
.'
.
;
•
s.
■
■
•
'VJ
i
jl.
v
Volume 167 Number''4673
•
•
THE COMMERCIAL
i■
"
'
'
v
y
(COMPANY...ONLY)
•* i
1947
ASSETS—'
'•
" 1946
g. ,v •"*■'*$
Telephone plant—
Invests, in subs, (at
760 ,366,941
!'.
-
/y
-
(a t
1945
,
-vMv V'
677,033,709
:
Period End. Dec. 31—
'
Total
issued
Premium
'
'
and
Funded
outstdg
debt—-
_
1,726,100,300
—_
and
taxes
accrued—_
'-funded
premium
•"
on
reserves...
surplus!—
—i—
BELL
SYSTEM
inc.—
ry.- oper.
Other ' income'
Gross
360,294,995 304,984,716
300,377,312 275,212,289
22,980,277
2,621,868
59,917,683
26,561,916
Net ry.
Cr735,835
142,037
2,413,917
1,841,901
Net
from
Net
2,680,774
185,520
ry.
1,918,379
20,887,845
29,099,949
681,980
7,305,705
6,393,097
21,569,825
36,405,654
32,302,206
Crl58,145
119,505
480,173
158,469
116,564
1,452,479
635,779
1,445,857
V 646,126
1,565,696
17,402,979
7,697,425
Excise' tax
a/c
accruals
a/c
19,241,773
9,259,381
Federal income
ASSETS—
;
;V
1946
10,429,922
5,432,414
6,062,412
167, p.
■
v.,',
....
S
•
-
,
taxes—
act
Beck Shoe
Month of
not
5,194,972
invest,
U.
S.
therein
tax
refund
59,607,008
and-demand
'
1948
.—I—
deposits—_
7l;8tL921
55,260*573
49;422~938
'307,956,769
396,345,939
270,509,708
230,1284,220
Premiums
on
&
T.)_
capital
stock
Pref.
\
debt—A.
Subsidiaries
T.
&
T.
7,122,639
payable—_—_
current
liabilities-
accrued
17,904,300
"These
Deferred
17,904,300
613.000,000
154,439,653
50,155,126
48,755,688
43,868,016
37,946.387
46.858,295
45,817.364
18,855,625
15,137,966
165,290,469
12,611,566
4,148,797
T.
&
T.
See
(surplus
10,154,873
of
4,313,460
5,158,827
,
reserved)
5,081,641
"64,484,114
296,032,002
28J,241,153
Boss
which
plus in 1947.—V. 167,
A. T. & T. Co. of $56,479,871
against general
amount was transferred
to unappropriated sur¬
421.
p.
!
•
!
Period End. Jan. 31—
1948—Month—1947
$515,683
$468,005
Sales————
—V.
167,
Santa Fe
Ry.—Earnings—
revenues
expenses
8,316,098
credits
Dr61,493
ry.
or
47,053.291
income
oper.
37,031,997 462,699,237 411,604,239
27,809,284 339,217,606 313,925,736
5,250,048
68,082,676
52,699,892
Cr296,987 Brl.096,533
Cr575,47l
4,269,652
54,302,422
6,111,041
47,743,744
39,015,178
under which ATF's
in
Great
out
>
the
The
for
Britain
British
in
the
Atlantic
model
by
CE-Kelly printing
Vickers-Armstrong,
empire.
CE-Keily
use
is
of
one
Coast
the
most
Ltd.,
Line
Operating
expenses—!_
ry.
Other
Fixed
Net
cont.
72,367
348,136
income----—"—'-
tHV.:.l«7,
f
p.. 42.'
-
.
I-
2,468,490
371,467
—V.
2,960,185
1,576,230
1,702,885
4,055,425
5,474,694
l
revenues
Cor;
to
Gross
$231,750
81,395,569
5,213
4,755
60,133
$116,412
—
$236,505
Fixed charges
15,290
Int;
48,876
on
Prov.
A debents.--
ser.
for
—V.
income
167,
p.
$982,850
308,079
3.554,371
$674,771
$3,196,231
$52,246
Net* ry.
$3,328,426
57,744
30.429
613,000
636,547
776,000
______
$86,758
646.
$784,957
has
29
Inc.—To
declared
for
the
Feb.
86,750,602
p.
has
first
dividend
a
quarter
of
of
50
1948,
cents
per
payable
50
1886.
been
$364,879
44,831
deductions
and
14,892
9,854
21,357
C)'9,373
68,157
$27,766
Slate inc.
$41,227
$251,890
taxes.
offering
Net
V.
12,200
167,
$24.50
Net
-V.
was
NOTE:
matter
Union,
On
February 25,
$35.00
account
of
per
the
1942,
at the post office
Dominion of
Canada,
fluctuations in the rates of
year;
in
1947—12 Mos.—1946
2,516,912
"593,573
1,867,711
87,668
2,554,941
3,846,237
"$552,143
$2,429,244
"3,148,514
"$1,978,526
$37,565,888 $41,896,469
"4,923.101
of
Pennsylvania—Earnings1947—Month—1946
1947—12 Mos.—1946
$1,640,609
$1,399,954 $18,209,995
$6,663,711
727,733
653,614
8,076.954
3,082,962
719,380
661,005
8,113,619
3,103,865
516,950
515,757
5,701,403
2,154,941
!
inc.
$202,430
$145,248
$2,412,216
151.
to
1948,
Stuart
act
as
and
series
&
an
Co.
Inc.,
agent
to
subsequently
D.—V.
167,
Chicago
the
647,
p.
and New York, has been
desig¬
principal and dividends, due March 1,
2%
equipment
trust
certificates,
pay
on
"
/
cf
company
income
their
bonds
reduction
recently
10
extra;
cents, plus
in
its
in
first
balance
the
at
since
the
with
4s
of
the
1988,
end
of
Reconstruction
against
as
income mortgage 4V2S
from
reduced
substantial
debt
1946.
According to figures
by the management, at Jan. 31,
1948, there were out¬
the hands of the public, but exclusive of
bonds pledged
collateral
the
which recently mailed invitations to
holders of its
mortgage 4y2s of 2038, to offer tenders
by March 1
purchase by the company, has made a
for
cited
standing
as
cents
President,
;
the
4%
due
note
Corp.,
at
been
$5,882,500 since Dec. 31,
of
Finance
$8,782,300
2038
of
in
have
1946.
1951
the
At the
and
per
year.1
exchange, remittance
Other
1946.
by
to
the
the
RFC
of
The
$5,010,unpaid
has
been
to
$4,500,000, from $5,955,000.
Cash holdings of the road
end of January amounted to
$8,619,159.—V. 167, p. 647.
1948
^1947
J.
D.
taken by
'
t
''The
31, 1947.
securities
The
valued
balance
of
On the same
market quotations,
at
realized
we
An
that
Mr.
should
we
Maine—Earnings—
1946
1945
1944
$532,562
$603,729
135,211
33,633
178,293
72,182
$600,198
271,554
5,314,165
1,012,021
4,949.005
814,765
6,736,647
2,353,881
2.322,706
"110,477
"247,210
1,128,494
1,178,484
2,643
'
take
action
no
of
going
to pay common dividends for
intention: of
no
Feb.
on
Farrington
eral
83,052
.
9.
-
the
period
March
was
1879.
said the
improvements,
purchase
6,154,465
Subscriptions
in
to
authorized
1948.
by the
■
money
would be expended
during the next
gen¬
$10,000,000.
ten
suburban
service
urban
Mr.
diesel
service
motive
Farrington
engines
this
year.
power
said- most
from earnings.
of
1,500-horsepower
This
at
of
a
will
take
cost
the
care
United
Countries, $42.00 per year.
V'.-,
^
^
foreign subscriptions and advertisements must be
made
States,
U.
S.
in New York
funds.
4,500-
delivery
half
of
would
to
the
its
sub¬
of
program
on
a
20%
would
or
25%
and
Publisher;
on
Monday].
Other
Company.
Reentered
J
Territories
1
ten
company
for
of
Equipment will be purchased
Possessions,
^
.
and
$1,300,000.
financing of this
..
3,
1944
doing that.'.'
budget totaling $30,000,000
For
1949,
five 1,000-horsepower diesel switchers
horsepower freight diesels, $4,700,000.
In
addition, Mr. Farrington announced that the
be done
of
common
had opportunity to
develop fully our earning
charges and deferred dividends.
propaganda has been put out by brokerage houses that
fixed
—
Act
the
on
have
we
meet
improvement
directors
said:
freight and hopper cars, $9,000,000; for ten 1,000horsepower diesel switehers, ten 1,500-horsepower road switchers
and
eight 4,500-horsepower road freight diesels,
$5^688,000, and for
1947
•'
felt
until
He
two years, as follows:
For 1948, 2,000
104,405
.
were
We. have
profits
$600,112
*
lot
stock;
common
board
dividend
ability to
"A
Farrington, President, lias announced that no action was
the board of directors Feb. 9 on the declaration of
a,divi¬
the
on
—
for
of
time
same
held
$7,842,000
end
decreased
Chicago, Rock Island & Pacific Ry.—No Action Taken
a
Dividend on the Common Stock—Board Votes
$30,000,000 Budget—
$11,430,656 $10,011,945"
with
;•
the
-
Chicago Great Western Ry.—Debt Reduced—
President, Etc.
.
$12,554,079.
Y.; under
$948,924
on
oper,-income—
N.
"353,528
Chicago & Eastern Illinois RR.—Dividend
Agent—
Halsey,
general
/"Deficit.—V. -167,- p.•,248."':
New. York,
$38.00
to
See
183,934
„
at
$10)
2,129,616
Editor
second-class
(par
$2,705,833
.
American
)
oversubscribed.
647.
p.
gross
p.
'
'•
"771,216
"368,209
income
167,
P.
"';;
Jersey—Earnings—
inc.
167,
RR.
from
share
1947—Month—1946
J
gross
' income
Gross
Deduct,
share, includ¬
;y
income
from
Central
a;'-'"' l'vV-
shares
common
per
•!
'
per
$3,238,687
income
general
elected
'
1946
$22.09
$2
Co.—Subscriptions—
additional
at
Operating revenue
Ne.t ry. oper. income-
share
March
1947
$24,53
of
248.
p.
revenue
"Deficit.—V.
outstanding: shares of this company increased
203,513
all-timeThigh total of 2,723,831 on Dec.
•
of
stockholders
in
ry.
oper.
Gross
income
Chicago—January Sales Up 14.2%—
!
net/ assets,
.1
—-
-
•as
Dec.
2100.
Net
elected
Fj-om Jan. 1—
Gross from railway
,
$41,709
t
Operating
Pay 50-Cent Div.—
2,
Net. from;
railway-!!!—
Net ry. oper. income!.^
$1,885,450
10,221
$64,016
.
Period End. Dec. 31—
18.
166,
been
432.'"
December—
$354,658
4,338
surplus.
p.
common
$1,964,648
Co.,
Jan.
on
stock
Gross -from railway
Net from
railway—^
69,890
$37,370
,
The
$5,868,120
3,903,472
Canadian Pacific Lines in
$3,258,536
a/:
1,895,135
$66,558
—
\
nated
.298,085
Motor
record
to
—
corporation
•
.
1,573
97,000
—'
/
51,174
'
contingencies^
$1,455,701
'
Net
new.
490,287
Dl'2,542
_
Central Ohio Light & Power
on
sales of
investments amounted,
to'$1,188,136, and in addition, the quoted mar¬
ket. value, ;of
investments exceeded their
average cost by $1,358,752.
—V.. 165,-p.-935.
! '
'
":-
1947—12 Mos—1946
$111,199
income
income
a
31,'47
$2,249,793
508,177
during 1947 paid dividends
ing J$1 extra.—V. 166, p. 2658. -
1947
date, .total
-
$2,017,762 $22,950,467 $24,188,191
1,574,219
19,383,367
17,£'74,476 v
211,793
2,171,530
3,055,179
,.-140,474
(^..Operating, income
j
Sub.)---Earmngs--r
$1,969,869
-U,718,196
——
Taxes w-i!-.———^
Non-oper.
{&'
1947—Month—1946
expenses
The
$4,496,975
1,371,145
8413,253
Gamble
p.
12 Mos.
1946
As of Dec. 31—
Canadian Investment
Fund, Ltd.—Shares Increased—
During
amounted
Period End. Dec. 31—
Operating
Operating
167,
the
432.
p.
$527,658
Net assets -per share—
dend
4,027,483
6,003,954
166,
Deduct,
$711,338
:—_
extra.—V.
who
by
167,
Central National Corp.—Net Asset Value
Higher—
$5,659,729
820,085
150,
ol
R.
reported
3 Mos. End. Dec. 31
Central RR. of New
$5,930,517
195,409
Month of
January—
•
v;
Consolidated sal.es^--——^
_
,
Transit
$787,441
70,221
Butler Brothers,
T
Baltimore
-V.
succeeding John A.
Chairman of the board.
Eugene R. Mc¬
Carthy has been elected Vice-Chairman.—V.
1C6, p. 2410.
Bush,
1,990,096
3,049,642
5,016,954
OT55.782 Cr7,148,217 Cr4,624.777
/
71,526
138,480
139,554
Cr520,802
digs——
—
237,241
1,475,931
deductions..
&
—
301,876
income
Miscel.
Clark
1947—12 Mos.—1946
$
$
$
1,250;000
,
Balance,
1947
$641,117
Brown Shoe Co., Inc.—New
presses
11,807,557 128,429,923 126,105,162
9,580,220 112,461,791 113,728,023
10,450,000
4,400.000
9,709,915
—
income
oper.
6.054,203
etc.
capital
cents
a
$574,736
-
income—-!—
income
500
RR.—Earnings-
12,737,722
Equip & joint fac. rents
25
establish
highest in its history.—V.
_
for Fed.
Off 6.7%—
Payments in 1947 were as follows: June
25, $1, plus 50
Sept. 30, 50 cents, plus 25. cents
extra; and Dec.
Corp.,
to
planning.
figures
1947
Prov.
through¬
American-built
field.—V. 167, p. 646.
$
revenues
Net
Sales
been
concluded
be manufactured
for distribution
1947—Month—1946
Operating
i
will
popular
job printing
Period End. Dec. 31—
—'
press
the
were
sales
•
Tqtal
1947—12 Mos.—1946
$6,483,054 $84,277,139
$77,167,149
5,358,337
66,484,620
64,126,323
39,528
8,271,599
5,087,150
283,570
3,295,411
3,185,716
14,178
294,992
270,985
$7,884,395
18,294
int.,
holders
1947
order
production
the
deductions—-*---:.—
details
$5,282,841
(Drj—_
directors
the
on
to
"?
commercial
Taxes
_!_
income
The
Williams, President of American Type Founders
Elizabeth, N. J., has announced arrangements have
current
and
'
income
This
G.
for
for
earnings
oper. ;rev.
'Gross
■:
such
1943
310,495
Brockway
ATF, Inc.—To Manufacture in England—
E.
more
542.
p.
.
iDr)——__
P.
basis
ihe
Operating- income
1947—Month—1946
income
167,
including
the
revenues-
Other
45,554,082
3,552,737
646.
p.
Net
-V.
charges,
new
Period End. Dec. 31—
oper. incomeincome—'
Rentals,
$0.20
31,635,191
extraordinary
incident
of
operating
Total
RR.—Earnings—
1947—12 Mos.—1946
6,420,839
income
.i—'V. 167,
revenues
rents
Gross
32,254,861
accruals—
tax
debits
Net
Net
oper.
oper.
-
860.286
Other
1947—Month—1946
167,
0_
Net ry.
Ry.)
Period End. Dec. 31—
Other
,
expenses
Jt. fac. rents
and
'.;/ "
a;
Total
Manufacturing Co.—Declares $1 Dividend—
Operating
Operating
$7,215,634
certain
between
event
no
309,439
$3.44
21,668,140
31———
Central Louisiana Electric Co., Inc.—
-Earnings
Jan.
Equip,
(Includes Gulf, Colorado & Santa Fe
Ry.,
Panhandle & Santa Fe
Railway
Railway
Railway
' f
Taxes
Atchison Topeka &
below.—V.
Inc.—January Sales
Period End. Dec. 31—•
1948—12 Mos.—1947
$7,236,679
150.
p.
Corp.
Boston & Maine
Angerman Co., Inc.—January Sales Increased
10.2%—
half
Period—
27, the directors declared a dividend
of $1
per share on
the. capital
stock,.par $25, payable Feb. 25 to holders of
record Feb. 13."
Payments last year .were as follows: Feb.
25 and May
24, 75 cents
each; and Aug. 25 and Nov.
25, $1.50 each.—V. 165, p. 1584.
8,772,377,290 7,380,925,721 6,765,557,026
-
23,476,247
—
at Dec.
after
were
realistic
corporation
Canajoharie,
:
•
York
January—
—V. 167; p.;'247.
70,069,268
325,399,502
—
1946
$40,053,004
52,910,590
"2,272,774
'
orders
sizable
a
NOTE—Both
difference
of
1947
share
common
than
thoroughly
1
accepted in the oiaer in which
they were,
number of shares.
If
less
than
the
required
are tendered
within the prescribed
period, First
'
v
Bond Stores,
Month of
A.
surplus
——
contingencies
the
Sales. --——J—
"Includes reservation by
.
equal to
20,843,050
$47,686,249
in
•'
in
also. First
On
Total
v
stk.
$2,502,284
•
this
shares
22,892,189
that
318,026,516
_•
1
to
Unappropriated
of
3,120,389
more
York
'/v.
47,454,784
145,135,403
18,2.4,896
—
-If
$
to the acquisition and
partial utilization
plant just outside the city of
Syracuse.
decrease of $9,967,051 in backlog of unfilled
orders resulted from cancellations
by the corporation of orders booked
prior to fiscal 1947.
This action was
taken
the right, but
is under no
obligation, to accept such
than the required number
of
shares are
tendered,
its' discretion
may accept all or any part of such
addi¬
tional tendered
shares, but shall not be obligated to do so.
Stock¬
holders desiring to tender
any of their shares were asked to
surrender
such shares and a
letter of tender to The First
National Bank of
Jersey
City, Jersey City; N. J., before the close
of business on Feb.
25, 1948.
The New York Stock
Exchange directs attention to the fact that
Exchange contracts in Bell Aircraft common
stock made for settlement
after Feb.
25,
1948, will not afford purchasers the
opportunity to
take
advantage of the offer. Thus, on Feb.
20, 21, 24, and 25, 1948,
transactions made for the
purpose of tendering
stock should be for
"cash."
650,639,200
221,179,268
to
resefves
tenders.
5,086,203
credits----
,
number
a
number;-of/shares,;
York
40.000,000
'
—
received,,up
:
22,429,712
14,137,166
14.369,794
Deprec. and amort, .reserves—
2,380,Abo,795 2,225,414,650 2,051,763,026
Surplus applic. to slks. of subs.
! consol. held by public-__—
applic.
for
$
Syracuse, N. Y.—Earnings—
expense
of
tMore
period, First
York shall have
received valid tenders for at
least the required number
of shares, tenders will
be
I
297,283,013
accrued—!-
•Surplus,
of
3,923,301
—
earnings
of
1947
m
Dies—
than
88,590,900
1,726,100,300 1,061,773,200
1,033,000,000
693,000,000
——
Interest
•
91,292,100 «'
17,904.300
Co._
consolidated
-----
Other
offer is
First
Accounts payab.e.,
!
Advance billing faf service and
■I 'customers' deposits——-—
Taxes
$2,614,665
150,000 and. the previously optioned shares
accepted (in
78,210 shares).
If prior to the
?
329,269,678
•
——
95,526,000
Notes sold to trust, of pens. fd.
Notes ' payable———
pivs.
346,929,249
-
stocks held by public
Funded
16421,899
20,710,741
2^060,699,900 2,016,625,100
387,920,653
Common stock held by public
,
2,389,088 U
.
20,496,227
22,017,667
2,148,798,200
stock instalments——
Subsidiaries consolidated:
|
50,716,605'"
8,772,377,290 7,380,925,721 6,765,557,026
T.
Capital
.
217,910,673
1947—12 Mos.- -1946
$
$
24,947,610 318,585,919 292,495,828
21,827,221 295,693,730 271,652,778
booked-:
per
$_789,274
Corp.—Required Stock Tendered—
stock
.
tBacklog of unfilled
"
expiration
——s__
/ Total
'1
'
Packing Co.—Chairman
common
__
profit after taxes—:
Earnings
corporation are being offered the
right to tender shares of such stock to
First York
Corp. on or before
Feb. 25,
1948,/ at $18.50 per share.
First York
Corp. has previously,
obtained firm options
covering 71,790 shares of such stock and
has
arranged to accept further previous
options under certain conditions.
This
28,752,669
2u,19b,023
'
.
BelL Aircralt;
"//Holders,of
14,780,128
93,504,118'
727,471
debits————
LIADILITIES—
Capital stock (A.
5,964,817
13o,663,St>8
' '
:•:/:■>'%"
<:
•
1947—Month—1946
28,604,854
24,681.553
—
''it' r:' '>/>< \
460,703,313
5,589,744
Unahiort. debt disct. "and exp—
Prepayments
of
rents,
taxes,
> directory
expenses, etc.
!__
\
i
V,' V
>.
"513,134
"1,029,904
Ry.—-Earnings-
—^
expenses
business
Net
1947
.-Francis Edward Barbour, Chairman of
the board, died in
N, Y., on Feb. 4o-V. 166, p. 2094.
■
5,730,086
supplies--.:——-;.
deterred
27,827.276
54,605,327
'
Temporary "-cash; investments-
Other
53,242766
•
_—_
Special cash'
deposits!;—
Current receivables
and
26,382,886
bohd's_!— il,_ ■
—
Material
:-W';
Beech-Nut
31,706,002
__
Other investments——-—
Sinking funds
1
Cash
—V. 167, )f.'247.
;
1,516,354
"682,616
"1,247,216
Sales
Corp.—January Sales 4.5% Higher
January;—
Saksv/-J-!—!!!———
consol. in excess of
1,380,751
"751,550
*1,374,820
Years Elided Oct. 31—
18,351,336 Cr8,772,497
.
subs,
Pacific
earnings
167, p. 647.
New
2,489,0OOCr2O,029,881
—
646.
,(a!
;
$ •-,!-.
7,348,802,865 6,294,419,079 5,702,056,557
y.Ooo.aol
7,781,162
7,973,716
Invents in subs, not consol.-—'
325,895,608
262,888,566'
198,966,053
Equities ■ in
majority
owned
property--——
1,725,325
"578,395
248.
p.
Carrier Corp.,
"Total! iL'!!!—-L
-v;
$123,757
"1,310,363
Net
8,919,303
31
1945i
!___ —•
—
physical
.*
income
earnings
Working
1,509,172
include:
retirement act—
unemployment insurance
173,196,750
SHEET, -DEC.
1944
•
4,560,929
railroad
railroad
"71,829
$
-V.
Tax
"117,181
16,317,347
1,735,588
income
"Railway tax
>■
4,870,700,083 4,079,644,022 3,601,077,881
s—
debt-
funded debt
——
"15,536
"145,401
railway—2,145,653
railway
oper.
Canadian
•
Misc.
"113,951
1945
.
1— '
Period End. Dec. 31—
Gross
on
Net
224,877,367.
,60,817,757
206,782,214 ' 183,580,535.
CONSOLIDATED BALANCE
funded
on
"69,679
995,455
chrgs. other than
int.
$113,908
"84,066
25,909,109
1,081,929
3,824,170
income
deducts—
Fixed
v.
56,479,871
,
Misc.
1946
$158,724
*46,179
•Deficit.—V. 167,
2,742,241
Cont, int.
.
1947
Telephone plant
1947
$199,120
Income
oper.
I From Jan.
Gross from
29,772,427
!
from
railway
from, railway
Net
3
pacific Lines in
Vermont—Earnings-
\becember—-t
$
32,718
45,355,867
33,885,532
248,914,821
,
Total
25,602,145
12 Mos.—1946
$
.
143,820
(net)_
funded debt;
,_
273,670,580
reserves—
Unappropriated
(net)__
rents
Net
53,817,734
12,592,895
•
.
2,194,943
amort,
fac.
on
11,958,310
debt
and
rents
Joint
1947-
$ •"
■
5,926,766
Fixed int.
39,496,186
'12,189,775
Unextinguished
$
accruals—3,007,987Crl8,593,534
650,639,2001
23,452,309
29,981,444
credits
Deprec.
Surplus
1,061,773,200
46,359,641
48,333,730
27,605,605
—-
payable!—
Interest
Deferred
Equip,
2,148,798,200 2,060,699,900 2,016,625,100
387,920,653
346,929,249
329,269,679
7,122,639
—
payable
Accounts
rev; from ry.
oper.
tax
Total
on
Dividend
(743)
.
capital stock
stock instalments
Capital
Net
.
"Ry.
4,870,700,083 4,079,644,022 3,601,077,881'
„
.LIABILITIES—
Stock
'
Ry. oper. revenues-'—32,856,136
Ry. oper. ' exp'enses.-.—, 26,929,370
-48 ,546,936
-
CHRONICLE
\ Canadian
19471947—Month—1946
!' !V,"'
615,446,511
cost)!!—
cost )r— !
•
FINANCIAL
Baltimore & Ohio.
RR.—Earnings-^-
;
3;526 ,668,794 2,984,847,798' 2,599,314,370
43,014,021
45,684,940'.
Gash and deposits!-—;
17 ,801,540
14,622,012
.'13,194,490Temp, cash
invesimentsLCA!-'; 456 ,708,650
207,956,769
283,044,939
Current Teceivables^l_,_^_—
31 ,775,123
25,935,801
20,902,154.
Material
and supplies—•
13 ,424,778
10,123,674
8,390,723Unamortized debt, disct. & exp.
2,598,517
1,944,950
Other
deterred
debits—.
15,399,321
13,511,721
13,154,804
ihvest's
Other
&
,.V
BALANCE SHEET, DEC. 31
-
1
and
/V:
Members
of
P
Pau-
^
-X-
giii'
'
■
4
THE COMMERCIAL
(744)
down
he
to care for the balance,
equipment certificates
with
payment,
added
He
the
that
.0
now."—V.
go
equipment purchases "will come close to
long hauls and is about as far as we want
our
16?,
p.
V;
••
•
stock
which
power
tompletely dieselizing
CAPITALIZATION—At Oct.
.
tal
said.
consisted
received
' V
V:'--v.'•
V: ':
issue
Options—
Chicago & Southern Air Lines, Inc.—Stock
in
43A%
3.000
At Oct.
their listing
stock (par $1), all of
which the company had
for
and
cash,
total of $1,191,600 prin¬
the company had outstanding a
31,
contemplated, that the proceeds from the sale
of
the
additional 3,000 shares of preferred stock,
1947 series, will
be used to expand the company's business through purchase of addi¬
tional notes receivable or the making of additional loans.
This addi¬
tional capital
will also have the effect of increasing the company's
ability to borrow from commercial banks, on a short term basis.
$5,140,000,
issue to the Executive Vice-President
entitling them, respectively, to subcribe to 10,000 shares of common stock at $18 per share and 10,000
hares of common stock at $30 per share on or before Aug. 21, 1956.
V >
The directors have now authorized amendments to the original agree¬
ments to provide that the said stock purchase warrants, when issued,
will entitle the holder thereof to purchase common stock of the cor¬
is
the
number
has
urer
been
reduced
from
'
General
Int.
Net
45,585
C NOTE-r-The
50,927
30.343
V 32,400
75,682
losses....
-
premiums—
■
-C
.
$260,293
$110,022
$53,156
$37,351
97,938
43,104
16,195
9,575
$162,355
$66,918
$36,961
taxes..
income
$27,776
-V-
—
.
■'
-
,
•
1946
$1,046,834
853,620
$258,496
—
$193,214
5,864
$199,078
-.—
39,107
79,140
4,235
31,772
40,867
1,811
—
$142,381
$124,627
—
income
deductions
taxes
income
—
taxes
income
Staie
6,368
$264,864
income—
Federal
—
with
liquidated commencing May 2, 1948. When this liquidation has been
a check for the proportionate part of the proceeds repre¬
sented by certificates surrendered will be forwarded to the remaining
to
certificates
present
Empire Trust Co.,
to
120
Broadway, New York 5, N. Y.
Celon Co., Madison, Wis.—Debentures
The
The
ment
It
sale
for
at
and interest
debentures
par
5%
12-year
Pennsylvania Ave., Madi¬
the unsold portion
due Jan. 1, 1960.
at 2034
offices located
offering
subordinated
the
intention
of
the
debentures
will
repaid,
have
increase
Insurance
Co.
to
and
sold
been
indebtedness
total
at
$525,000
under the
1948.
March
terms
time,
as
soon
as
:'"V'1.Z
Columbia Gas & Electric Corp.—To
$100,000 of
The
therefor.
received
payment
which
of
with
agreement
will
These
That
to Jan. 5,
least
by
corporation,
Feb.
on
asked
9
the
SEC
offered to stockholders of the
not purchased by stockholders
being
$250,000
of
in
right,
the
reserves
the
subscriptions
on
The
the funds for construction
corporate purpase$.;S
use
corporation expects to invite bids
barrels
for
for the
the
four
ended
weeks
Operating
four weeks ended Dec.
Finance
The
Stock
Ohio—Preferred
Lima,
Co.,
a
Offered—McDonald & Co., Cleveland (as agent), re¬
cently offered (exclusively to bona fide residents of
Ohio) 3,000 shares of 4%% preferred stock, 1947 series,
at par ($100).
May
the
1942,
&
to
BUSINESS—Company
in
engage
general
the
was
finance
Jan.
has
in
and
Ohio
also
one
Co.
in
lien
of the company and
household
instruments
and
other
interest-bearing
loan
laws
of
vancing funds
trust
or
automobiles
on
subsidiaries
States
to
retail
receipts mainly
chattel
to
and
a
mortgages
minor
The
on
the
(c)
security of
Discounts
$2,699,309
$1,035,997
2,743,623
951,309
2,273,874
244,028
$618,396
1,528,966
106,429
$544,766
1,004,588
171,805
$6,394,241
$3,553,899
$2,253,791
$1,721,159
Small loans. -
The
in
amount
the
case
of
of
discounts
small
loans,
and
during
purchased
renewals,
the
$293,627
• 618,824
72,236
1946
$2,114,842
6,548,065
5,512,269
3,290,829
loans.
Wholesale
the
9,066,869
..
Total ill.:
Period
$100,000,000
plant
will
be
started
when it is decided
for the
$34,000,000
include
will
cost
for
to install it.
The
the power station
;
corporation's
plant's
&
—V.
Division
Moore
and
the
has
first
and
begun
,
to
come
off
the
to Pittsburgh
Vice-President.
collaboration with the Battelle
Coal Researech, Inc., Pittsburgh,
engaged in evolving more efficient methods for heating with
coal.
Moore
developed a commercial design, cutting the laboratory
model weight one-half, perfecting- the heating principle and reducing
the controls to one, from six in the experimental model.
.V; '
The
all
fuel
two
Columbus,
new
principle
gases
"$20,504,275 $10,917,940
Nov.
14,
1942
to Oct. 31,
$6,218,983
1943.''
$3,973,840
are
'
•
.
■
'
burning
coal.
the
$1,773,813
chimney
are
V.
166, p. 1476.
Bonds Ready—
Power Co.—Definitive
New York, N. Y., has announced •
prepared to deliver first mortgage bonds, 27/i% series
1977, in definitive form in exchange for temporary bonds of
issue.—V. 167, p. 544.
is
due
that
.
Expansion Program—
Cooper-Bessemer Corp.—Large
Feb. 8 announced that the company .
has started a $600,000 improvement program for new tools and equip- '
ment
to increase production
of equipment needed to alleviate the *
natural gas
shortage.,' As a result of this expenditure, he said, it
will be possibly to boost production by about 25% or 30% on various
compressors used on natural gas pipelines and in plants which process •
gas into fuel
oil.—V. 166, p. 2417.
Chairman, on
Williams,
B.
B.
Shares
Sell 278,829
Co.—To
Newsprint
River
Coosa
Without Underwriters—
A
the
by
covering
company
par)
common
stock to be offered publicly at
permitted to become effective Feb. 6 by the SEC.
($50
was
The
dealers
the
the
have
will
be
subscribed
been
'
proceeds from the above registered
shares of the stock that already
used,
together with the proceeds
81,171
additional
an
proceeds
$13,941,450.
the prospectus, the
to
and
officers of the company.
The
less $41,244 in expenses.
and
directors
sale
278,829
$50 a
does not- propose to
employ any underwriters or
to dispose of the stock, which is to be sold directly
company
securities
from
filed
statement
registration
share,
be
to
are
$14,000,000 of 4 % first mortgage bonds,
daily capacity of 300 tons of newsprint
paper.
The mill also will have a daily capacity of 250 tons of grounwood pulp and 200 tons of sulphate pulp.
,
i
,
•
Coosa River,
according to the prospectus, will manufacture nfewsprint
and sulphate pulp in
competition with large manufacturers
the
from
expected
construct
years
and
ago,
in
Bituminous
featured
In
heater is a method by which
air currents over and through
which ordinarily escape up
burned for their heating value.—
the
consumed by routing
Even volatile
conserved and
gases
1
of
sale
mill
a
with
a
,
the
from
United
The
overseas.
bonds
well
as
a
The
has entered into a contract with the
Wis., under which the latter will
the proposed Coosa River mill and manage
Neenah,
of
of
'
•
.
have been authorized or sold, or con¬
The company has, however, after nego¬
company
into.
entered
letters from seven insurance companies offering to
portion of the proposed $14,000,000 issue the prospectus
Life Insurance Co. heads the insurance com¬
Metropolitan
panies and would purchase $8,000,000
of the bonds.—V. 167, p. 44.
(N. J.)—Invitation for Proposals for
County Gas Co.
purchase of 7,460 Shares— '
the
with importations
compete
received
purchase
said.
the
of
sale
of
as
company
Corp.
supervise construction
its operations.
No
Canada
and
Sates
Kimberly-Clark
Pursuant
the
to
"
■
j
.
•
plan dated Dec. 29, 1947, for tha
of New Jersey, the latter is inviting
amended
final
dissolution of Public Service Corp*,
proposals for the purchase, of and plans to sell as a unit the 7,460
shares of common stock of County Gas Co.
which it owns to the
1,
bid is acceptable to the corporation and is
Proposals must be submitted on or before
!
1948.
Crampton Manufacturing Co., Holland, Mich.—Regis¬
With SEC—
ters
The
Feb.
company
filed
5
registration statement with' the SEC
a
covering $600,000 first mortgage 5V2% sinking fund bond?, due-1966,;
warrants
to
purchase 60,000 shares ($1 par)
common
stock.
with
retire
to
P. W. Brocks & Co., Inc., New York.
Proceeds will be
secured indebtedness, finance inventories and supple¬
working
ment
capital.—V.
165,
p.
1996.
Crown Cork International Corp.—Class A Dividend—
the
directoi s
class
$1
while
last,
cents
It
A
March
record
was
is
in
declared
no par value; payable
distribution of 80 cents
A
each
the
of
In
four
the
that
the class
on
of ,40
quarters of
cents
April
l
per. .share on
to holders, of
made
was
1947
on
Jan.
payment, of
a
A
dividend
stock to
just
$1.20
declared
per
share
will
reduce
2,
40
.
memorandum
accu¬
of April 1,
as
1577.
166, p.
a
a
made.
Dallas Power &
the
dividend
have
stock,
10.
understood
mulations
quantity production
carload
development work on the Moore smokeless heater was
than
more
Institute,
$513,687
943,958
316,168
1947
$2,154,336
1948
$2,133,633
City Bank Farmers Trust Co.,
it
that
Coal Heaters Shipped
assembly lines was shipped
announced by Harry T. Worthington,
progressive
week, It was
begun
1943
$885,054
2,338,523
750,263
$5.46
167, p. 249.
used
Southern Corp.—Weekly Output—
heaters
coal
new
Research
"Oct. 31,
1944
1945
$1,256,694
3,632,154
1,330,135
$4.92
Stores, Inc.—January Sales—
Retail
Consolidated
Underwriters,
transmission unit.
kilowatt-hour
weekly
smokeless
$984,687
Crl58,069
$7,650,036
—,—
Month of January—
March
project is part of
lor
a
$200,000,000
the
*
proposed
generating unit if and
construction
The
of
loans made, including,
the period has been as
Fiscal Year Ended Oct. 31
$4,889,341
share™
common
per
highest bidder if such
approved by the SEC.
both
1947
Small
11.0
Plant in Chicago—
Conlon-Moore Corp.—Smokeless
follows:
Discounts
Cr334,005
$7,027,242
167, p. 249.
The
last
Total
% Inc.
5.8
10.0
10.8
output of electric energy of subsidiaries
of this corporation
adjusted to show general business conditions of
territory served for the week ended Feb. 5, 1948, amounted to 339,987,941, as compared with 296,112,663 for the corresponding week in 1947,
an increase of 43,875,278 or 14.82%.—V. 167, p. 648.
1943
:
131,244
to
income
Earnings
—V.
1944
1
transferred
reserve
new
of
unit
first
a
Commonwealth
The
chattel mortgages
1945
1946
1947
\
the company's expansion program, which
called
budget for 1947, 1948 and 1949.
During
1947, $67,000,000 was spent.—V. 167, p. 648.
automobile -inventories.
by
postwar
1,358.422
164,359
—-—
—
account
income
Net
generating station for Chicago, 111., by this
has been approved by the Illinois Commerce Commission.
of
$2,000,000
The
Wholesale—ad¬
Growth of the business since incorporation is indicated
following comparisons:;
Amount of notes receivable outstanding at Oct. 31:
Wholelsale
and
security; (b) Small Loans—making
under the provisions of the small
Kentucky;
1947
224,621,000
218,309,000
218,314,000
217.730,000
spring.
It will consist of a 150,000 kilowatt generating unit,
building capable of housing that unit, and an additional 150,000
initial
on
and
dealers
on
241,935,000
kilowatt
or
extent
the
of
tiations,
this
a
be divided
follows; (a) Discounts-
Ohio
of
241,900,000
c
company
may
loans
equipment as
installment
the
17
of
according to type into three general classes as
purchasing installment sale notes secured by
other
240,178,000
To Build $100,000,000 Power
Kentucky.
'
1948
237,588,000
Construction
a
major business
"
24
Jan.
incorporated in Ohio Nov.
Shortly thereafter
wholly owned subsidiary which owns the building in which
the company has its principal office, in Lima, Ohio.
The
Output—
Co.—Weekly
Edison
output
31
from
Finance
and
to
business.
Columbus, O., with offices in three
Company has two wholly owned
subsidiaries operating insurance agencies in connection with its busi¬
ness
but income from this source is of only minor importance, and
cities
the present
plant unit,
building for a high-pressure research pilot plant, and an
the pharmacological laboratory.—V. 167, p. 543.
7__
Feb.
another company engaged in general
as The Colonial Finance Co.,
the loan and
discount business conducted by that company in 13 offices.
In 1944,
it also purchased all of the outstanding capital stock of The National
company purchased
finance business, known
Guarantee
separate
Jan.
HISTORY
14,
thereafter.
12
certain
on
expenses
redeemed.
Portion
in
crTC:
Week Ended:
shall be at par plus accrued dividends.
and
Terre
of Commonwealth
Edison Co. and associated
companies, excluding sales to other electric utilities for the week
ended Feb.
7
showed a 5.8%
increase over the. corresponding week
a
year ago.
Following are the kilowatt-hour output totals of the past
four weeks and percentage comparisons with 1947:
1950, inclusive; $3 thereafter to May 1,
Redemption for sinking fund pur¬
1,
inclusive
extensive
at
calls for more than doubling the size of
construction of new bacteriological pilot
Commonwealth
payable quarterly February, May, August and Nov. 1. Re¬
in whole or in
part on 30 days' notice at par and dividends,
following premiums per share (in case of redemption for other
than sinking -fund purposes):
$5 if redeemed on or before May 1,
$4 thereafter to
and
2,028,803
2,063,607
premium and exp. on bonds.
ol
premium
deductions™
Other
to
building,
Electricity
Dividends
1951,
of
$8,888,090 $11,043.551.
:—
income
and amort,
—V.
$8,343,697 $10,401,208 '
544,392
642,343 '
—......—
-
income—-—
Other
tracts
plus
1949;
for
■
•
A total of $2,000,000 will be spent for new buildings and
Plans have been approved and construction will begin
program
addition
deemed
poses
*
.
shortly.
1, 1947.—V. 167, p. 249.
7,410,440
8,684,458
-
income
According
of
Haute, Ind.
equipment.
research
Colonial
amortization—-^™—.--
and
1946 '
1947
expenses
through
Perry, President, has announced plans for an
the Research and Development Department
E.
Henry
expansion
weeks ended
with 334,524
345,271 barrels
and
1947,
29,
Dec.
sub¬
Solvents Corp.—To Spend $2,000,000
Commercial
Co., Ltd.—-Production—
an
$62,889,038 $56,292,167
40,349,561 33,088,031
5,511,320
5,332;487
operating revenues™
shares
The company announces that its production for the five
Feb. 2, 1948, amounted to 403,488 barrels, which compares
year,
Wholly Owned Subsidiary)
(And
12 Mos. Ended. Dec. 31—
Total
...
Research Expansion—
Colon Development
its
for
to be opened on March 23.—
167, p.' 647.
that time.
to
up
to
proposes
would be the indenture trustee.
New York,
Guaranty Truslt Co.,
Columbia
V.
last
of
Consolidated Gas Electric Light & Power Co. of Bal¬
shares
sidiaries in 1948 and for other
at
subscriptions for
event
week
corresponding
the
for
167, p. 64C.
timore—Earnings—
permission to sell
for
amendment.
is hereby offered to others.
received
money
#
competitive bidding $45,000,000 of debentures that will mature, in
Underwriting terms, interest rate and offering price1 of the
debentures
would
be
governed
by
the
bids
and filed i later
by
$100,000 of debentures have not been received by March 15.
to withdraw the offer of sale of these debentures; and refund
1948,
any
first
are
portion
1948,
company
.
.
debentures
company.
4
Sell $45,000,000 of
1973.
be
company,
$63,000
that
kwh.
206,600,000
The
at
Northwestern Mutual Life
the
to
this
loan
of
1,
The
,
Bonds—
The
up
.
Feb. 15, 1947.—V. 166, p. 564.
paid on Aug. 15, last, and 25.104 cents on
$100,000 additional
borrow
to
company
Northwestern Mutual Life Insurance Co.
these
This
Offered—
proceeds from the sale of the securities will be used to supple¬
funds on*hand and thereby to provide additional working capital.
is
from
with
company
son, Wis. is
of $250,000
and
increase of 6.2%.—V.
Consumers
(Phila.)—Distribution—
presentation on or after Feb. 15, 1948, of the coupons thejn
payable appertaining to the certificates for trust shares (of Standard
Oil Group) issued under the agreement and declaration of trust dated
March 25, 1929, at the office of the Fidelity-Philadelphia Trust Co.,
trustee, Philadelphia, Pa., or at the oplion of the holder, at The First
National Bank, Chicago, 111., the bearers of said coupons will be paid
the
amount
of 46.05 cents per
trust share, due as a semi-annual
distribution of said
trust shares.
This compares with 25.356 cents
holders.
r-
166, p. 1352.
Combined Trust Shares
Upon
asked
generated
Sales
Balance, surplus
—V.
.$2:43;
,
announced"that System output of Electricity;
purchased) for the week ending Feb. 8,.
1948, amounted to 253,200,000 kwh., compared with 215,000,000 kwh.
for
the corresponding
week of 1947, an increase of 17.8%.
Local
distribution
of
electricity amounted to
219,300,000 kwh., compared
bonds
$1,233,827
975,331
Operating income
income
-
and*,
the year 1947.
/;
■
Inc.—Output—
Consolidated Edison Co. of New York,
Portion
1947
revenue—Electric
oper. revenue deductions
Total
$3.40
(
The company on Feb. 11
Gross
Statement—
12 Mos. Ended Dec. 31—
completed
are
—
statement includes -charges for depreciation
above
Depreciation
i
1948
■'
1947
•
$12,064,262 $11,776,577
24—
™
•Gross
215,000;
$242,952
Sales 2.44% Higher-
Stores, Inc.—Current
167, p. 249.
Total
53,212'
19,852
21,673
.
$339,623
I
-
166, p. -2208.
(electricity
19,543
2,481
—V.
be
Holders
:
<
33,587
Operating
trust assets will
the
profit
Earnings per class A share
:,
Int.
A—Agreement Ter¬
agreement
trust
66,852
income
Other
the
103,818
Colorado Central Power Co.—Income
which the above shares were issued and
are
outstanding terminated on Jan. 31, 1948.
Until April 30, 1948, holders of certificates aggregating 1,000 trust
shares or even multiples thereof may surrender such shares for the
underlying securities and cash after deductions of any applicable taxes
and a trustee's fee of $10 for each 1,000 shares.
of
293,871
Four Weeks Ended Jan.
The trust agreement under
terms
378,903
Sales
minated
the
Net
■
Operating
—V.
,;
.
Taxes
Radio, Inc., for the installation of the equipment,
beginning about May
1.
Receivers
will be placed in all vehicles
except a few of the old-type streetcars.—V. 160, p. 1732.
to
472,652
Colonial
contract with Transit
Pursuant
.605,413
;
Radios.
Arrangements for the installation of frequency modulation radio
receiving sets in their buses and streetcars, the first such installation
to be made by
a traction firm in the United States, have been com¬
pleted,
according
to
an
announcement by
this company and its
afifliate, Dixie Traction Co.
The companies, operating between Cin¬
cinnati and points in northern Kentucky and controlled by the New
York City investment
banking firm of Allen & Co., have signed a
Collateral Trustee Shares, Series
exps.
income
Net
'
Cincinnati Newport & Covington Ry—To Instal
for
of
Federal
V
166, p. 2556.
$416,753
payable..
notes
on
Provision
so
of
warrants amended as above.—V.
1944
$510,470.
$700,455
admin,
&
Amortiz.
that said securities may be added to the list upon official
issuance pursuant to the exercise of common stock purchase
therefor,
notice
1945
*
$1,045,208
5,000.
Accordingly, the Committee on Listing of the New York Curb Exchange
has canceled listing authority in respect of 5,000 of said shares, and
voting trust certificates therefor, and has modified listing authority
in respect of the balance of 15,000 shares, and voting trust certificates
to
10,000
1946
1947
purchase warrants to be issued to the Treas¬
stock
of
INCOME-YEARS ENDED OCT. 31
STATEMENT OF
CONSOLIDATED
issued to the Executive Vice-President remains unchanged
oe
4,366
8,547
254,000..
j ;
—
charges
*
1946
' 34,644
——
—i.—v
expense
'
•
■
depletion of $161,046 for the year 1946, and $173,653 for
(PURPOSE—It
The number of stock purchase warrants to
at 10,000,
poration at $10 per share.
hut
—
i
and
Provision for Federal income taxes—---™-™—,.
.
.
discount
Other
which the company had agreed to
; nd
Treasurer of the corporation
trustee
expenses™
interest
Bond
cipal amount of 10-year 3(6% subordinated notes maturing' from Dec.
1952 to August 1956.
These notes are subordinated to all other lia¬
bilities of the company.
At Oct. 31, 1947 the company's borrowings
from commercial banks oh current Unsecured notes payable aggregated
voting
and
Bond
v
1947
$3,373,831 .■ $3,000,720
2,732,631 '2,448,031
etc—
less freight, discounts allowances,.
Costs
series,
preierred
application dated Oct. 7, 1947, this corporation and
for common stock applied for, and the New York
Curb Exchange granted, authority to add to the list 20,000 additional
hares of common stock, and voting trust certificates therefor, upon
official notice of issuance against exercise of stock purchase warrants
In
ihe
$ ■.$
Years Ended Dec, Si—
Sales,
and 10,000 shares of preferred stock (par
of which 3,000 shares were outstanding as
stock, 1947 series.
Company proposes to
additional shares of the 4SA % preferred stock, 1947 series.
of
in
issuable
shares
••
*
outstanding
and
$625,000
$100),
647.
Consolidated Cement Corp.—Earnings— -
capi¬
1947 the company's authorized
31,
60,000 shares of common
of
issued
were
Monday, February 16, 1948
CHRONICLE
FINANCIAL
&
1948.
v
.
:
Light Co.—Charter Amendments—;
opinion
released
Feb.
10,
the
SEC
authorized
Utilities Co.) to solicit Stockholder
proposed charter amendments.
The
effect
of
the
proposed amendments would be to allow' the
company to incur certain long-term debt in addition to the amount
(subsidiary of Texas
company
certain
of
approval
of
debt
unsecured
in
conneccion
with,
now
the
authorized
creation
or
and
to
provide
authorization
flexibility
preferred*stock
greater
of
parity with the company's 4y2%. .preferred stock.
The company is'engaged in a constructive program that will require
ranking
the
be
on
a
expenditure of $35,000,000, of which $25,000,000 is expected to
through the issuance of securities.—V. 167, p. 432.
v," "
raised
Davega
—V.
(& Subs.)—Quarterly Results—
11,%T947—3 Mos.—1946 I
1947—9 Mos.—-1946
Stores Corp;
Period End. Dec. 31—Net sales and
oper. revs.
167, p. 152.
$7,'508,651
"
jj-.
.
$6,838,387 $18,305,532 $16,278,69&
% r/.,.N
<,
r
•>
".in-
-
V
Volume 167 Nignber- 4673
>
DianaStores"
THE COMMERCIAL
Corp.-r—January Sales Rose 20;7%—•
&
FINANCIAL
CHRONICLE
(745)
General Builders Supply Corp.—Initial Dividend—
.
General Public Utilities Corp.—Weekly
r
Period Ehd. Jan; 31-4-V ' 1948—Month'—1947
fifties• $872,713' "
"$723,043'
•—Vv •-167, p. 250. -' v v•>:
._.;: ;
'
The
1948—6 Mos.—1947
$7^763,086'; $6,763,002"
•;: -
holders of
Proceeds
•
.and
of
add
to
the
to
financing will be' used
:working
capital
for
to
retire
expansion
foreign countries.—V. 165,
other
'"Shipment' "of
portation
V
'
.'''.v.-'
bank
loans
An
business.
^William
T.
promotion
of
Distributors
President
earlier
—V.
Cobb
of
been
elected
Securities.
since
of
as
Vice-President
In
for
been
in
writer
charge
Advertising
The
on
"Wall
Period End. Dec. 31—
•
Operating
revenues
Operation
$1,318,768
:
_
76,713
reserve
accruais_
taxes
Federal
income
72,1-12
Utility
income..
oper.
income
Street
type
Gross
Journal."
94,619
748,700
1,144,580
fr.
$82,286
$1,541,780
539,139
Preferred
$165,312
$132,274
$2,080,920
43,173
382,688
requirements
Gas & t.ectric Co
Vai.ey
;
Applicable
lo
77,652
Applicable to
Eastern
E.
U.
Utilities
A
22,853
$1,5.97,252
Expenses,
taxes
251,732
$1,833,492
and
Balance
:
the
For
of
this
u
electric
diesel
trolley
v
an
coaches
and
in
week
&
ended
corporation
Light
Feb.
24.5%,
or
1948,
5,
amounted
the
lo
System
62,558,000
input
kwh.,
the corresponding
over
of
electric
Ry.
under
locomotives
Co.,
$6
week of
last year.—
poration
of
$5
Radio
York
of
the
the
additional
the
City
The
ex
after
to
said
1948,
has
dividend
a
of
capital
payable
will
be
mailed
of
stock
March
100%
of
The
be
in
in
the
in
States,
United
according
January,
to
Mr.
construction
the
by
167, p.
and
Turbine
Gear
*The
in
17,
capital
the
at
stock,
close
The certificates
Chase
National
of
for
Department
include
readily
both
Jan.
011
molding
processed
Television
San
Manager
Bank
Priest
directed
6
until
1948,
1948,
that
March
in
2,
1948,
settlement
be
must
on
the
of
that
all
stock
be
by
certificates
due-bills;
and
de¬
of
the
ties
div.
680,305
Church
-""nor
ex
corpoartion
and
Evange'ical Lutheran Mt.
with 20
adult
the
Olivet
members.
Augustana
is
moreover,
M.
all
P.
production
American
has elected
should
such
as
at
in
Lutheran
the
of
one
sold,
3%
banks,
Lutheran
churches
in
be
612,455
138,527
taxed
as
regulated investment
a
liability
no
for
GE
special
due
authorized,
(optional
$2,268,750;
total,
Federal income tax
for
the
receivable,
Dec.
1,
will
stock
common
E.
West
director.
1960,
($1
167,
of
New
stations
Co.
;
•
.,
...
-
.
$19,391,-
for
securi¬
$61,469;
etc.,
total,
preferred
cumulative
$0
stated
$1,602,466;
par),
stock,
convertible
value
$25
no
surplus,
par
preferred
share),
per
$13,673,922;
252.
p.
of
who
Calif.,
Corp.
rejoins
Robert
its
board
of
to
fill
1G6,
been
as
organization
Farrell.—V.
Mitchum,
has
served
Tully
elected
a
director
a
of
in
July,
1935,
to
vacancy
arising from
the
1355.
p.
Statesboro
Northern
Ry.)
1947—Month—1946
$206,594
1947—12 Mos.—1946
$2,512,172
$2,376,741
2,354,957
2,208,220
from ry. oper.
$3,071
*$3,919
$157,215
$168,521
tax accruals:
Advalorem & misc.__
Fed.
railroad
taxing
674
15,619
69,182
74,733
6,770
3,519
79,944
44,675
rev.
,
1937
railroad
ployment
of
\
unem-
acti
insur.
1933
3,532
3,016
41,037
38,294
*$7,905
*$31,074
*$32,948
$10,820
9,202
10,532
126,823
126,932
2,035
2,195
24,626
24,097
income
*$19,142
*$43,802
*$184,403
*$140,209
2,373
613
30,457
16.251
Gross income
Deduct, from income_r
*$16,769
*$43,189
*$153,946
*$123,958
307
465
*$17,076
*$43,654
Rv.
income___U
oper.
Equip,
Jt.
rents
fac.
(net
bal.-
rents—net
bal.-
debit
Net
ry.
oper.
Non-oper.
income
Surplus
has been appointed
A. Bullis.—V. 166,
*
appl.
to
int.
2,971
2,809
*$156,917
*$126,767
.
Deficit.
Period—
.
General Motors Corp.—January Output Higher Than
Year Ago—
firm,
previously
from
the
O.
member
a
banking
had
203,523
for
Barker, 4729 Elliot; Avenue South, heretofore Assistant
Taxation,' was appointed Manager of Taxation and will
formerly referred to Mr. McVey, Mr. Perrin said.
,V
Government
Railway
Station WOR and
matters
to
S.
$179,743
188,666
Liquid Adhesives—
formerly Assistant to the President,
the Chairman of the board, Harry
U.
securities,
receivable
Georgia & Florida RR.—-Earnings—
Net
liquid adhesives designed
phenolic
$2,650,OuO;
investment
Jones,
1940,
death
act
Two
in
other
dividends,
series,
Pasadena,
Coast
Telephone
January,
the
Jones
Mr.
General
similar to those being
be
in
$113,635;
for
shares;
dividend
(Including
Chicago Tribune,
1947
investment
investments
deposits
100,000
stock
$20,486,341.—V.
Co.,
&
Division.
Transmitter
DEC. 31,
$170,234;
interest
$46,034;
debentures,
stock
Mills, Inc.—New Appointments—
10 Days End. Jan. 31
Operating
revenues
—Jan. 1 to Jan. 31—
1947
$72,965
1948
1947
$71,586
,
$224,615
$205,086
—V. 167, p. 649.
„
The
produced 168,968 cars and trucks
during the month of January.
corporation
States
and
in
■
Canada
>130,071
were
output
totaled
passenger
and
cars
38,897
trucks.
were
Of
the United
the total,
Georgia Power Co.—Earnings—
Period End. Dec. 31—
January; >1947,
1947—Month—1946
Gross revenue
123,152 units.
$5,361,439
The
the
1948,
January,
figure was somewhat lower than in December,
production month of 1947, when
194,476 units were
highest
produced.
Brief shutdowns in GM automotive divisions because
model changeovers were a
factor in the lowered production.
of
Operating
Prov.
for
MOTOR
OF
Chevrolet— ■*
1948
Passenger
Trucks
of
Fed.
*1941
104,080
20,885
14,157
•
$609,700
$823,435
1,893,000
4,083,542
3,777,586
rofitsj
1,986,000
4,743,298
.
Gross
income
20,574
Int.
14,814
12,639
25,973
20,012
Amortiz.
16,597
3,6,621
29,513
4,563
6,374
3,349
Other
6,773
4,479
7,475
4,064
Net
106
i
debt
2,103
-
„
165,500
677,134
profits
exc.
4,529,762
88,417
29,592
150,000
730,471
taxes
inc. &
taxes
*1940
1947
41,154
22,821
21,544
-
1—
_____
Truck
28,543
long-term debt-
on
$9,704,184 $10,889,689
3,569,937
3,571,899
296,145
Dr9,717
Drll6,608
7,786
22,555
12,515
55,671
$297,846
premium
313,785
Pr9,717
of
$514,453
$6,238,339
$7,378,727
on
deducs.
i)rll6,608
Coach—
&
Trucks
Coaches
of
DIVISIONS
22,445
I
Cadillac
GM
GM
64,014
_-
_____
GMC
BY
475,000
plant acqui.
adjustments
29,042
___
_____:
Pontiac
Buick
VEHICLES
3,396,268
depreciation-^
Amortiz.
General
OUTPUT
expenses
1947—12 Mos.—1946
$4,781,151 $58,203,899 $52,879,704
2,688,331
32,385,830
26,269,711
426,750
5,700,000
5,121,000
'
was organized on Jan.
21,
congregation today is the largest
Synod with which it is affiliated.
largest
657,5 it)
1,770,478
1948
Church
The
to
have
$703,172;
cost,
Period End. Dec. 31-
Broadcasting
Stark,
Oldsmobile
building..
the opinion of counsel for the
corporation, wi}l be the
direct obligation of the corporation and will
be secured by a valid first
lien on
the
laiuj, buildings, fixed and movable equipment and other
property valued at $524,000.
838,944
LIABILITIES—Interest accrued, unclaimed dividends payable, etc.,
$66,094; dividend payable March I, 1943, $136,125; due for securities
loaned against cash, $68,400; reserves for
expenses, taxes, etc., $18,584;
entry
equipment.
as
TOTAL
in
14,146
$621,143
,
2,284.477
824,064
N.
Assistant
1948—V. 167, p. 648.
9,457
$654,588
>
$20,486.342:
Transmitters—
for
Park
modified
new
p. 2310.
net
Olivet,
$797,503
that
proceeds will be disbursed by the corporate trustee
from
time
to
time
for:
(a)
Repayment of temporal-;/ loans aggregating
$46,000, made in anticipation of the completion of this
financing; and
(b)
Toward paying
the cost of
constructing the new Mt. Olivet
Mt.
$862,782
inv.
dividends and
979;
H.
M.
not
Exchange contracts made
accompanied
March 4,
capital
Bank, Minneapolis, Minn.
of
53,540
BALANCE SHEET,
said.
Manager of
Dated Nov. 1, 1947; due
semi-annually July 1, 1949, to Jan. 1, 1963.
Denominations, $1,000, $500 and $100.
Principal and interest payable
Jan. 1
and July 1 at The First National Bank of
West Bend, Wis.,
corporate trustee, or at option of holder at Northwestern
National
church
53,332
9,773
1944
336,515
ASSETS—Cash
Daily News in New York City, and the Yankee Network in Boston,
John
of
Bend,
Wis., on Jan. 6 offered $260,000 first mortgage serial and
sinking fund (3-3%-3V4%-) bonds at par and interest.
1920,
72,289
84,707
9,084
.
Evangelical Lutheran Mt. Olivet Church,
Minneapolis,
Minn—Bonds Offered—B. C.
Ziegier & Co., West
The bone's,
$761,117
70,422
General Telephone Corp.—Jones Again a Director—
Francisco,
Electronics
serve
a
Lutheran
1945
$787,799
respect of the above net income.
George
27
and
customary
in
five-kilowatt transmitters,
units,
at
D.
•
DEC. 31
84,026
expenses
handle
all due-bills must be redeemed
The
stock
sale of
on
securities,
649.
Perrin, President, on Feb. 6 announced the appointment
McVey as Assistant to the President.
McVey will, continue
Assistant Secretary-Assistant Treasurer of the company
and as a tax consultant,
retaining his assignment as Vice-Chairman
of the .tax Committee.
■
•
from
90,499
dividend
oper.
to
cor¬
decl.ned
value
1946
___
Ry.
Leslie
'
dividend
2,
this
from $208.60 to
the year
asset
79,500
___
pid.
company
.
Rubber Compound—
Chemical
transmitters
-
Feb.
on
from
record
1948.
2,
by
notice
providing
were equiva¬
basis the pre¬
same
$976,009
revenue
of
received
York.
Feb.
March
of
holders
shares
Exchange
livered
prior
to
17.
of New
quoted
Phonograph Corp.—Stock Dividend
Exchange
declaration
Feb.
on
&
Stock
\alue,
par
business
stock
debit
Emerson
New
cum.
Net prof,
167, p. 648.
The
income
Common
cementing
metals, thermosetting plastics, wood, fabric or any combination of
these have been developed by the GE Chemical Department at Pittsfield, Mass.—V. 167, p. 649.
of
during
common
_
oper.
Mr.
subsidiaries
changed
the
after
stock,
the
"
value:
Y.—V.
N.
Silicone
Angeles and
Two
increase
an
corporation,
On
1947
Net
31/;
industrial
46
by the company to provide faster
transportation of coal over the Virginian's moun¬
of
electrified
route
includes
a
10,000-kw.
steam
available
may
Both
Corp.—Weekly Input—
of
the preferred
on
$1,061,865
''Fed.
Power
;
j-
.
.
tTaxes (other than inc.)
1948
,
of
number
"
ACCOUNT, YEARS ENDED
General expenses
Interest
modern
output
greater
even
record
a
V
>
locomotives.
.
saw
Virginian
Schnectady,
General
•
,
.
12,327,000 kwh.,
V.
year,
now
Announces
Electric
INCOME
assets
debentures.
V;
built
were
of G.
company's
made
$1,653,817
of
coverage
Calif., will be made at General Elec¬
tee's p.ant at Electronics Park, Syracuse, N. Y., according to C. A.
164,911
$1,639,476
167, p. 545.
asset
$194.50 a share, while
$5.83 to $5.06. a share,.
Ry.
$1,818,723
194,016
interest-
net
dividend
$1,000
in
Los
the
—V.
at
Television
-
the
Market
Priest,
Total
into
went
December
miles
Making
$1,566,996
236,241
past
of
to
134
which
$1,566,996
$1,597,252
the
efficient
Stocks
Associates—
;
others
Electric
equipments
announced it will
of G-E silicone
All stocks with¬
stand temperatures ranging from minus 70 degrees to plus 520 degrees
F. and have excellent electrical and chemical properties.
77,652
23,326'
Earnings of subs, applicable to E. U. A
Non-subsidiary income
:
stock
the
1948
.
immediately to market seven standard grades
rubber molding compounds to molders and fabricators.
$1,589,849
minority interest-
,
electric
start
$1,667,501
$1,620,579
Balance
1947,
1,
•
improvement program.
equipment being supplied
more
To
Blaekstone
—
31,
March
$7,660 per
Income
.
than 400
more
continued,; predicting
turbine-generator,
439,292
$1,698,231
1250
manager
tainous
$2,106,793
39,020
dividend
to
£ ;>> •/ liVv;../ 5
J
•
the. units delivered consisted
all-electric,
and mine loco-
die'sel-electric,
use.
these,
Other
393,625
$89,100
who said
Locomotive-General
of
begun
Ry.'s
$1,713,168
49,988
$126,293
the
ferred
"million" horsepower, In., electrio trans- '
been reported by G. W. Wilson,
Locomotive' and car equipment divisions.
E.'s Locomotive and Car Equipment Divisions.
The General Electric Co.
is supplying more than $3,500,000 worth
equipment, including the giant locomotives, as part of the Virginian
of
742,076
59,215
income
for
a
continuosuly-rated
Wilson,
The
Net
f-!\V
Shareholdings Corp.—Annual Report—
shipped from the company's Erie
included 31
diesel-electric
loomotlves,
was
869,792
income
Dec.
locomotives
powerful
1,104,101
786,016
$106,0)7
income
to
month
Divisions
Deducts.
to
/£.i'* :•('.).*
lent
'
Works.
December
shipments
nine
mine
loco¬
motives, three coke quenching locomotives and three electric loco¬
motives.
Among these, various sizes went- to domestic steel mills,
pipe foundries, cement companies, paper mills, utilities and refineries.
Shipment of
the
first
of
four
G-E
6,800-hp.
locomotives, most
and
agency
24,027
(net)
domestic
he
that
and
Other
for
American
The
1947—12 Mos.—1946
61,881
of this corporation for the- week ended Feb. 6,
153,822,868 kwh., an iircrcase of 17,387,190 kwh.,
12.7%, over the corresponding week last year.-—V. 167, p. 649.
.£
of 1
Shipment
Output—r
output
amounted
.General
1947 has
Wilson,
complete
addition
than
of
Vice-
a
55,386
taxes..
electric
1948,
or
output; this was more than twice the amount
entire transportation industry in an average prewar
the
300
industry,
sales
of
Manager
was
88,314
-
The
,
ods
$1,163,859 $14,108,954 $12,859,527
849,950
9,304,753
7,900,394
51,097
583,125
529,995
919,446
Maintenance
General
to
streetcars, Mr. Wilson said.
'
"
Improved locomotive designs and more efficient manufacturing meth¬
are helping to meet the current requirements of the
transportation
•
(& Subs.)—Earnings—
1947—Month—1946
16
„
•
•
p.1 1424.
Eastern Utilities Associates
Retir,
j,
October,
editorial
an
.about
motives-
,
Vice-President—
has
He
by
according to Mr.
year,
Approximately
1946.
Prior to that he
Frank-Guenther
Law
advertising
Albert
he served
163,
has
Group
Group
dividend
March
all-time ' high
installed
'•i
s
Distributors Group, Inc.—New
-
' more1- "thah*
equipment during
Manager of the company's
1992.
p.
.
General" Fjjiectrlc" Co.—Reports Record
Electric Transportation^ Equipment—-
In Canada and Great Britain it operates
subsidiaries.
It
has distribution
services
in
53
payable
,-> At
agencies in the United States.
owned
record
semi-annual
stack,
•
corpora tiph, whcii also manufactures sound, recording equiprhOnt
for air traffic
control, radio broadcast monitoring,, telephone record¬
ing and other applications, operates 93 branch ofiices and 122 service
wholly
initial
an
common
The
'^he
through
declared
10
on-,the
cumulative
Fenner & ;
all
the
of
Feb.
on
March 5, 1948'.:
* ...—
•
regular quarterly dividend of 31 'A cents per share upon the 5%
convertible
preferred
stock
was
also
declared,
payable
March 31, to holders of record March 15, 1948,-r-V.
166; p. 15)8.
0?.
Dictaphone Corp.—-Sells $2,250,000 Notes Privately—
The corporation, leading manufacturer of electronic dic¬
tating vmachines, it was announced Feb. 5 has sold
$2^250,000 15-year notes to the Mutual Life Insurance1
Co. of -New ' York. - Merrillv
Lynch, Pierce,
Beane ivOre the-agents in the transaction.
directors
15.'cents .per "share
of
5
601
285
111
5,151
3,913
4,564
income
Divids.
223,005
223,005
2,676,064
2,676,064
$74,841
pfd. stock—
on
$291,448
$3,562,275
$4,702,663
Canada-
Passenger
Trucks
Balance
4,5.71
2,481
2,544
4,116
1,245
168,968
123,152
247,449
—V.
192,736
137,
p.
252.
the
Twin Cities.
Total
♦Included in
-First York Corp.—Bell Aircraft Stock
It
Was
150,000
announced
shares
of
cise of options
Feb,
on
common
that
9
stock
of
this
Bell
and under its invitation
•First
York
tenders
Corp.
and
has
has
sent
notice
a
Corp.
has
Coach
1940 and
acquired
through
that
to
it
that
will
accept
effect
to
all
the
balance
of
the
assets
a
further
After
share,
forward
stock
mon
546.
Capitalization
Arspecial meeting of the holders of the preferred
stock, 4% series,
on March 24 for the purpose of increasing the authorized
preferred stock, par $100, from 60,000 shares to 80,000 shares.
wil;l. be held
the
At
annual
stockholders
vote
meeting to be held
will
be
asked
to
the
on
par.$7.50, to 1,210,000 shares,
following day, the
the
approve
increasing the authorized
on
common
above
stock
$7.50.—V.
par
increase
from
167,. p.
and
.
Dec.
1947.
on
also
to
>:
w
■;
Total
31,
$3.14
was
The
Deductions
The
Co.,
has
Woodstock,
plant will be
Grabill
Va.,
per
as
a
of
the
p.
Food
Ma¬
Supply
He
will
late
of
H.
the
assume
R.
his
Baker.
parent
new
He
duties
will
company.—V.
in
Los
continue
167,
p.
Angeles
as
546.
at
once
Vice-President
succeeding
and
a
the
director
the
$100
at
share
of
value
asset
ENDED
DEC.
31
Be
Made
1946
1945
$215,423
$202,047
68,639
66,286
2,426
2,325
42,462
47,709
of
will
5,342
»-:i
income
(less
$350,466;
allowance
for
$6
accrued
(cum.)
$452,900;
on
95,087
dividend
$5.50
$8,600;
$4
6,603
shares
(no
capital
1932),
surplus,
$57,413;
$71,129;
total,
DEC.
payable,
loan,
1947
receivable,
$614;
$4,274;
preferred
$27,342;
total,
dividend
net
pain
$4,044,823.—V.
equipment
for
bank
taxes,
be
stock
states
166,
the
of
to succeed Mr.
Trico
Wilcox
announced.—V.
also
as
166,
Mills,
Easley,
C.—Offer
S.
May
this
that
and
result
may
company,"
"if
according
when
in
offer to purchase
an
to
B.
formal
a
Hagood, Presi¬
is received,
it
F.
offer
promptly communicated to stockholders."
consists
of
shares of
7,733
Motors
$100
The
company's capi¬
value.—V.
par
Sells
Corp.—Unit
Ill,
p.
3,545
593.
New
Tractors at Two-Day Showfor
accepted at
3,545 of the new lightweight Jaques-Frazer tractors were
the two-day introductory showing at the Waldorf-Astoria,
Frazcr,
W.
loan,
$1,600,000;
2418.
during
(since
Jan.
Jan.
1,
1,
1932),
farm
company
the
company's
These
and
also
of
are
Grand Union
-
office
being
—V.
167, p. 252.
9.
the
Equipment Corp.,
a
In
addition, more
new
machine
and
by
more
telegram
forwarded
167,
were
and
to
t
(
were
p.
being received at the
letter, Mr. Frazer said.
the
company's
1948—4 Wks.-fvl947
$7,995,809
sales
head¬
252.
Co.—Current Sales Increased
Period End. Jan. 24—
___;
Farm
Feb.
and who live in nearby
York, Connecticut and New Jersey.
about 100 applications for dealerships
quarters at York for processing.—V.
Sales
on
New
received
exhibit,
York
applications
Frazer
demonstrations of
who visited 'the show,
areas
two-day
New
of
announced
for
requests
from people
suburban
preferred stock,
(10c par), $70,290;
(since
President
subsidiary
1.000
received
series
investments
p.
of
Graham-Paige
The
$20,450;
stock,
convertible
on
Geirty
Mr.
pending which
are
the
talization
$4,044,828.
provision
2V2%
investments
office
$664;
pari,
$560,300; common stock
SI.098.858; undistributed net income
realized
of
and
sales
Stock—-
He
than
4,529 shares
(no par),
series preferred stock, 86 shares (no
dividend
(cum.)
31,
insurance,
depreciation), $1,150;
(cum.)
par),
election
the
industrial
Manager
has been appointed
Manager,
(Cotton)
for
wholly-owned
SHEET,
dividends
series
$42,677
$99,002
losses.
or
prepaid
bank
of
Joseph
$107,594
profits
$3,665,206;
announced
2
charge
56,615
2,360
—
bank loan—
securities,
in
Production
former
(Buffalo)
"Negotiations
dent.
-1947
Broughton,
Corp.
Divisional
Glenwood
per
com¬
for the
$221,055
security
Feb.
on
Vice-President
as
2660.
p.
all
YEARS
Waite
Detroit
preferred
of
stock
per
share.
■
LIABILITIES—Accounts
Weiby has been appointed General Manager of Western Auto
Coi of California, Western Division" of
Gamble-Skogmo, Inc.
share
per
interest
of
Corp.—New Vice-President—
President,
Jr.,
Wilcox
Products
31, 1947 was $4,638,291.
$2.73
1946
STATEMENT.
J
ASSETS—Cash,
in
153;
Gamble-Skogomo, Inc.—New General Mgr. of Unit—
to
31,
s.
BALANCE
branch
At Dec.
>
'
Gerity,
L.
orders
*Net
649.
Lansing, Mich.—V. 167,
Report—
preferred
equal
____
on
interest
O.
.';>
the
of
were
___;
Debenture
1,200,000 shares,
the
purchase of Grabill
Manu¬
makers of apple packing equipment.
operated
of
:.
Taxes
announced
of
chinery's John Bean division
M.
■:■
____;
Machinery Corp.—Acquisition—
corporation
facturing
>
■
income
Interest
common
Dec.
on
$270.84
to
deduction
assets
♦Exclusive
Food
James
Ralph
engineering.
equal
was
remaining
stock
common
Florida Power Corp.—Plans Increase in
in
After deducting the bank loan outstanding in the amount of $1,600,000,
stock.
go
armed services
167, p. 649.
COMPARATIVE INCOME
<
producing for the
were
W.
announcement
p.
1941.—V.
trucks which Chevrolet, GMC Truck &
are
Canada
General Public Service Corp.—Annual
no further
Bell stock¬
'
>>l:y-:>>>: V
"3:; %
Payment for stock accepted under the invitation
will
.to tendering stockholders within the next few
days, the
167,
of
Gerity-Michigan
exer¬
stockholders of Bell Aircraft
holders,'
concluded.—V.
these totals
GM
and
The total net assets at market value
announced
out
Acquired-—
corporation
Aircraft
to
to tender stock at $18.50 per share.
_
17%—
1948—47 Wks.-t*1947
$6,831,502 $89,551,203 $74,794,074
6
(746)
THE COMMERCIAL
Granitevllle
-"
and
(S.
stockholders
The
The
for
additional
Increase
will
to 400,000 shares,
The
proposed
lated
end
stock
surplus
of
the
The
of
is
to
be
which
company,
just
financial
ended
dividend
the
year
the
o'clock
12
distributed
amounted
completed.
report of
in
1947
and
Production
year.
99,209,235
°"rrenfc assets
,.
p1'
yards
in
from
to
the
accumu¬
$15,296,500
net
in
the
at
sales
on
12
$7,396,665
were
working
capital
months
and
of
g |
income
Earned
Illinois Central RR.—Tender of Sterling Bonds—
company's invitation for bond tenders by Feb. 16, £ 20 is
figured as the equivalent of $100 for the road's sterling issues. Although
is
far
above
the
prevailing
exchange
per
computed
became
CI,086%
on
Pcriod End. Jan. 31—
1S48—Month—1947
S
in
$5,459,647,
on the tender price.
The sterling bonds are expressed
in the road's balance sheet at the rate of $5 to the pound.
dollars
—V. 167, p.
158,
—V., 167,
651.
'
,/
.
Month of
S
V.
Grayson-Robinson
Stores,
Inc.
January
January—<
Indiana
1948
167,
154.
p.
Harbor
Belt
Period End.'Dec. 31—
&
Payment of $50
Western
°? ire ciass A debentures
at
Feb.
on
16
$50 per $1,000 debenture
ex
continue
be
to
dealt
in
Feb.
on
"flat,"
16,
and
indicate
that
payment
No.
$1,908,563
expenses
1,684,940
Ry.
be
52,
$50,
16,
has
been
paid
650.
thereon.—V
Net
"$29,714
100,229
oper.
Sa
®s
Total
income
fixed
1975,
are
this
and
for
issued
Louisiana
&
to
stockholders
River
RR.—V.
of
167,
series
Joliet
&
due
B
temporary
scription
11
offer
the
Chicago
RR
Prov.
to
be
2,259,584,
taken
down
have been sold.
The
Gulf
carried
nigh
by the underwriters.
■'
made
was
under
the
with
the
stock,
standing
These
paid
for
entire
Mellon
the
was
received.
While
2,269,050 shares,
family group,
sale
of
greatly
—V.
and
the
Gulf
shares
Power
Co.-
Prov.
corporation
accrued
will
receive
to
the
over
of
plant
adjustments
General
of
& exc.
On
Jan.
share,
$412,285
$5,3.01,458
2,254,862
30,000
23,000
360,000
4.000
4,000
48,000
income
in
of
98,150
346,450
96.07G
;V;
1,
Feb.
169,341
Dr2,457
pfd.
$78,614
$1,236,101
$1,111,196
5,513
66,156
66,156
$80,305
$73,101
$1,169,945
$1,045,04.0
a secondary,
offering Feb. 9 of 5,500 share's
$4.25 cumulative preferred stock (no par)' at
$102'y2
share (net), ex-dividend, until 10 a.m. - Feb. lb.
Dealers discount, $1.—V.
166,
p.
1890.
Havana
Lithographing Co., Havana, Cuba
10-Cent
Dividend Declared—President Also Elected
Chairman of
Jan.
31,
tue
common
compares
The
dividend
a
stock, payable Feb. 27
with
Oct.
distributions
15,
of
15
to
10
holders
cents
each
of
cents
record
made
on
share
per
Feb.
Jan.
13
20
announced
Maseda
Chairman
that
it
intends
to
President of the company,
board.—V. 166, p. 1683.
common
Gas
I.laintenance
__
Federal
income
Gross
taxes
**
June
cash
a
2
of
—V.
>■
■
dividend
stock
of
issued
14.
4,405
67,173
2,917
2,917
35,000
an
79,168
(neti_
inconie____-
1,190
29,546
per
$38,128
$74,248
32,904
27,234
3,566
•
Of
576
.
FHA
3
of
cents
to
1947
$71,032
$101,483
308
,638
kind
has
been
elected
lending
$70,393
$101,015
•
income■. taxes;-'_^_._'_j_'
908,239
-
626,742
,
578,715
' 716,526
.'
4275,522
■
operation^..., $1,699,703
$2,198,341
28,151
•
25,690
$1,725,393
592,685
$2,226,492
$1,033,538
$1,132,708
$1,192,955
preierreci stock
159,382
245,678
$373,326
on
Creek
stock
of
$1
to
$947,277
the
new
par
stock
at
to
stock
shares
167,
6
of
record
Jan.
on
Dec:
:or .losses
the
number
sale
Public
Service Ltd.
3% cents; and
on
reserve
selling commission.
the following divi¬
July 31, 3 cents.—V. 166,'.p. 2559.
(&
Subs.)—Earnings—
1947—12 Mos.—1946
$2,051,780
1,095,444
868,829
16,206
22,290
256,925
246,666
10,543
12,751
148,451
147,751
10,833
10,417
129,583
123,750
$37,560
$39,870
$421,378
$441,249
accris.
inetl
"737 S
—
$1,828,245
"1,869
17,670
7,659
$38,001
$439,048
$448,908
•
$36,823
deductions
9,817
income
Net
outstanding.—
presently
74,170
income———
Income
by
from
$159,499
income-
income
Gross
the
of
gi\en
sto.,k
$178,"[85
—-—.
Other
also
was
preferred
47—Month—1946
1
_____
Utility oper.
.
share
each
for
Authorization
author.zea
103,640
Retirem't
Shareholders
shares
two
shares,
25,269
authorized
the
in
par value from 650,000
exchange of 1,188,013 shares
an
the
cents
the
from
surplus.
of
change
a
cents
50
in
Period End. Nov. 30—
3^1 on the
of
outstanding.
reduction
a
to
basis
the
on
present
Maintenance
l!l4
31,.
approved
shares
47.
p.
Jamaica
Vice-
operations.—
Co.—Split-Up Approved—
Feb.
on
They also approved
par.
of
and
Coal
2,000,000
Taxes
made
share
per
1.86 cents represented capital
Minerals
-;mexits:
J.
8,000
£9,851
100,628
$27,006
—
167,
p.
253.
S.
■
$30,001
$339,196
$348,279
'■/ f
i
Chemical
&
Corp.—Soon
new
of
the
the
rate,
new
own
dner
phosphate
the
_____
.
mine
will
be
drier
is
in
v-'
actual
completed
'equipment
'
..
$52
Weeks.
"53
were
'
•
"Jan. 3,'48
48%—
tDce. 28/46
tDec. 29,'45
stores and
-—$130,477,490 $88,237,518 $63,364,000
$39,610,409,
Weeks.
the
•
:
•
'
..
week,
extra
sales
x/.
.....
for
the
latest
fiscal
in excess of the 52 weeks ended Dec. 28,
45/0
or
.
year
1946.
i/"//
—V.,167, p. 434.-'
Kaiser-Frazer
this
this
year.
As
Corporation
times
its
The
of
&
[offering
had
been
$11.50
at
have
The
the
In
epers/
fxd. chgs.
-
the
182,615
3,000.807
180,403
2,577,911
Cleveland
186,200
of
announced
900,000
10
its
until
dealers
to
"The
underwriters
own
the -'
the
stock
in
was
900,000
Feb.
9
made,
shared
buy
to
the
share.-
a
sent
telegram:
the
offering
take
to
option
an
$11.60
at
10
of the
that
/
the
which
under
participating
-purchase
has.
been
(headquarters of Otis & Co.)
formal
offering on Feb. 4,
the
shares of
4
cleared Feb.
managers
the
-
in-theu
contract ; between
today and
.
terminated
funds
deposit /
on
have been
returned,"; / /1
Kaiser-Fraset had bought'
market
to .stabilize
the
market
preliminary to the offering. On Feb. 3 159,600 shares were purchased
the >Curb .Exchange;; mostly oat $I3^50i/ft vshar6//Where [ the - stock;/
closed
on
that day..
On
the day of the offering
the function of
Stabilization was taken over by the underwriters and in the process
they bought some 40,000 shares on the Curb, all at $13.
2.575,860
149,899
income
215,517
Co.,
Co.,
&
commitment
retained
Feb.
on
following
and
Allen
Feb.
on
partially
was
California
offering of Kaiser-Frazer is-withdrawn/- Dealers'
Before
$918,471- $13,076,437 $10;462,386
265,182- ' 3,994,276 "
3,449,470
232,899
firm
a
and
underwriters
Offering
First
prospectus
made
share
a
offering
share
a
the
included
.remaining 600,000 shares
output
1947—12 Mos.—1946
Off—,
Called
withdrawn.
the
to
underwriters
and
which
group
Accordingthe
651.
1947—Month—1946
$1,123,000
revs.
of/Stock
public
$13
at
Inc.,
Co.,
underwriting
;
stock
common
Otis
the
surrounding
mystery
shares
-when
soon ' as
will
prewar
Corp.—Bale
Stockholder Asks Court to Halt Sale of Stock—
*
-
•
i
later
readv,
is
capacity three
added.—-V.. 167, p.
from ry.
—V.
$129,004
'
phosphate' output of ail
prewar
production
operating
for
91~,80O
$87,657
:
■
through reail food
/home service routes--
mines, also near Bartow, completion of the
this corporation a total annual phosphate pro¬
3,500,006 tons from
its
Florida
fields.
This
Period End. Dec. 31—
avail,
80,417
113,400
...
—.
Fiscal Years Ended—
Kaiser-Frazer
Inc.
21,992
•
90,978
Ltd.
167, p. 253.
Sales
International Rys. of Central America—Earnings-
rev.
"
"D"_/_
P/S.
Jewel Tea Co., Inc.—Fiscal Year Sales Up
,
mine is expected to attain a production capacity
phosphate annually, making it the largest mine
Hemisphere, Mr. Farley pointed out. With
production capacity of 2,000,C00 tons - from. its
announcement
Net
"
and
paid—•J.
'
:/;• Balance
to
operation in about ond
its output will be transported initially for drying and shipping
nearby company facilities now in operation until con¬
additional
22,095
'■
"C'
.
25,067
Western
give
its
25,067
■
other
of
■
shares
'
dividends
Common
present
Valley and Achan
will
••
■,
.:-i
.
Ltd.—Preference
Co..
Preference1 shares
'
-
P.
Preference/shares "B-
neiv
the
tons
in
project
total
468
•$7,691
v
accrued
SI
were
Vice-President—
mortgage
holders
Associations.—V.
Railway
$7,999
y
453,242
690,130
:
shareholders
in
2&59.
p.
Vice-President,
national
Shares
annual
the
a
Net
$5,174
chargesl
2,478
3,638,427
646,066
(net
stockholders
shares
Shares, Ltd.—3-Cent Distribution—
and
on
Although
44,091
$5,521
Federal
19461 /
$7,660,774
4,837,149,
—
167, p. 253.
common
outstanding,
cents each;
50
2,
Corp.—New
capacity of.
capacity alone will exceed the annual
companies operating in Florida'.
'
71.986
2,043
est.
.
NOTE—Excluding
Peace
35,000
6,414
1947
$9,408,029
—
Operating revenues.
Bar
1,500,000
Its
new
1947—12 Mos.—1946.
666,315
A
A
:>•
.
income--—
Island
cents
50
and
Payments
Sept.
ana
166,
1948)
struction
55,491
253.
p.
deductions-—--
The
of capital
Assistant
Boycl,
charge
Output of the
dividends
$809,222
535,914
47,984
.
Balance
on
deduction
before
expense
vision.
2
$1,608
income.
F'on-oper. income
Interest
and
Noralyn /phosphate mine -and lplant, under
.construction near Bartow,. Fla., by this corporation,
now
indicates
that it will be ready for operation
early in March, according to
Franklin Farley,
Vice-President of the corporation's phosphate di¬
from
$915,330
6,599
taxes.
oper.
discount
$3.18
V.
Group
Progress
This
6,602
-——
accruals-
reserve
General
Net
shares
Securities
International
-
$75,939
77,764
,
.
—
income
Dividends
-
Open Large Phosphate Mine-
has also been elected
1947—Month—1946
$97,533
revenues
for
"Loss.—V.
Light Co.—Earnings-
Period End. Dec. 31—
Operation
167,
'
Net income
4,899,315
$6,10
income
•
$1.10.—V.
distribution
State
month,
Haverhill
Retir.
4,899,315
,'
net
on
directors declared
duction
discuss
Bouso,
the
of
Operating
1,012,776
.■ Hon.,.Lamar Hardy, former TJ. S. Attorney, for the. Southern- District
rOf New York and former corporation counsel for the City of New
York; has been elected a director, succeeding John'. L;1 Stainton; resigned. Mr; Hardy is also a member-of the law firm Of; Davies, Auer-'
bach; Cornell & -Hardy, and is a member of the American and, New ?
1947.
board
Jose
.1 1
-
-
-
on
June
•
Co.—Earnings-
Preference div. require-
of
of
/„
_
14,544,121
■
International Business Machines Corp.—New Director
three months.
every
.
'
of
declared
(
that
in
to
lor
...Gross
at a discount equal to the entire
Insurance Group Shares in 1.947 received
The
the Board—
have
1947.—V.
Service
earnings from
Other
have the privilege of reinvesting in additional Insurance. Group. Shares
all or
any
part of the 3-cent distribution
(within
30 days
after
—
directors
prior .to
Public
Provision
-JrNet
Co.—Secondary Offering—Ball, Burge
per
outstanding
15,556,697
7,300.000.
L/i/—.
^
cents;
C.
p.
the
York
& Kraus made
out¬
cents
96
___
8,998,150
22,588,558
surplus-'
represented net income (not including profits
,
18,135
5,513
stock
1
(M. A.) Hanna
end
.*/
Dr2,479
28,062
436
—V. 167, p. 252.
The
tBased
of
dends: On Feb. 1,
$85,818
about
or
about
r
.
per
depreciation—
Taxes other than Federal income taxesiiv._
338.
170,998
Br205
:
,
.
for reserves for contingencies for possible future
40
of securities)
14,174
2,950
/
Balance
of
to
unamortized
and
28,
in
165,
Of
694,247
Dr 203
income
.on
paid
year-end
a
Insurance
$1,297,850
14,036
Other deductions
Divids.
tranferred
1946.
Institutional
on
—
Net
of shares
"
>.
adjusted
$26.47
or
Operation
'
$1,431,048
$93,019
debt
premium
$185,863,
r
payments in 1947 aggregated $516,057, equal to, 9.3% on
assets at the beginning Of the year. This included a $272,748
realized from sale ox securities of which $7,398 was derived from
Provision
;l,003,610
;v
18,435,000
:
contingencies—,
decline.
the
28,
V.
48,000
f385,983
y
.
net
49,869
1
$102,601
long-term
debt
securities
$5,551,666,
Maintenance
2,106,307
29,888,558
the 4,899,315
on
follows:
as
276,000
i_
>
to
shares
common
reflects the results of a relatively higher
larger dividend disbursements on portfolio
___
1,8771053
acqui.
of
12 Months Ended Dec, 31—
$4,539,600
196.190
__
....
to
equal
was
-
average, number
Operaing revenues—
Operation
—_____1
$112,500 000
[821,565
on
r
payable March 1 to holders of record Feb.
Dec.
<
Int.
deplet.
--i
$243,309,
This
number
amounted
realized gain
Jonathan B,
excluding
of
27.
'
Declared 50-Cent Dividend—
family
259,456
profits
Gross income
Amortiz.
and
debt
taxes
for
reserve
premium
price
Clifford
taxes
.
'
255,857,849- 184,458,447
8,027,541
6.633,572
—:
net
retired
inventory
1947—12 Mos.—1946
taxes
Fed. inc.
funded
income
amounts • appropriated
underwriting
$494,206
depreciation
high
Jan.
*
with
assets,
totaled
Iowa
,•
1,630,163
Federal
1946
.'/$
1947
for
income
debt
.record
a
A .V,
-"1947
•316,338,565 218,756,983
:
on
President
1947—Month- -1946
expenses
for
Amortiz.
1947,
31,
new
on
.
income
193,729
Dec.
a
average
year.
net
the
on
206,423
the
such
transactions,
depreciation,
amortization
"Including
was
-Earnings—
revenue
America—Earnings Higher—
ended
f
arrangement
53.8/
of the out¬
of
owner
which
the
It
revenues
expense
Registration
Dividend
546.
Pericd End. Dec. 31—
Operating
503,003
* $270,912 : $2,937,019
•
of
Old
market prices, on Dec. 31,
share on the 209,745 common
shares outstanding at the end of the year.
A year before they were
$5,576,367, or $28.74. per. common, share.,
'/'
Subs.)—Earnings-
depletion
Institutional
Gross
Net
1947
39,930
v.
498,011
V-'
$266,807 '
Shares of stock issued and outstanding
tNet earnings per share-
shares
financing, the lisj; of Gulf Oil stockholders has bedn
broadened
167, p.
share
Total
refused
the
(&
and
Balance
separate
a
the
result of
a
the
on
during
1946
total
depreciation,
in
Net
subscription rights.
This operation was successfully com¬
pleted on Jan. 28,. 1948, when the
1,213,443 shares were sold by over
p50 participating dealers within a few minutes after the
offering was
released, and orders for almost 500,000 shares had to be
As
Co.
exclusive
Appropriation for
y.
financing was unique in several respects.
under highly unfavorable market,
conditions, but
peicentage of subscriptions
for
Provision
offered, subscriptions were re¬
99.58%, leaving only 9,466 shares
or
Oil
out
'40,669.
; 1,427,584
Payment to Inland Steel Co. • pension trust_-^i v : i,021,870
Vacation payments applicable to preceding year.;-;: /
successful
••
agreement covered
$267,768 "$2,394,086
252.
p.
Steel
and
"Interest
transaction of its kind in the oil
industry in many years.
Of the 2,269,050 shares
ceived for
167,
sales,
tization
650." :~
p.
of
Cost
completion of the sub¬
stockholders, said to be the largest
to
of
year
V, securities.
44,515
$119,619
and other
Net sales
bonds
Completed—The First
underwriting group, an¬
Feb.
the
-year.
The increase in 19^7
invested position as well as
.
Years Ended Dec. 31—
bonds,
for
So2,320,059
SEC
securities, reached
President, announced
share
a
In
gain
Gulf Oil Corp.—Stock
Offering
Boston Corp., manager of the
nounced
1,676,162
$204,040 "$2,461,783
63,728
67,!697
4
4%
exchange
in
1947—12 Mos.—1947
$3,184,779 $82,799,793
Withdraws
—
of
standing
$5,408,544 $94,185,658 $90,990,567
mortgage
delivery
former
Missouri
Co.
asked
Co.
in
income
sales
$1.18
1,041,127
3,194
41,568
deficit
Inland
ready
now
series
Stores, Inc.—January Sales—
.
,n5?finitive flrst and refunding
/ 2,-136,132/
on/
167, p. 47.
.
Net
—V.
-
income
:
$4,598
167, p. 252.
view
• 1,000
c"
et
of
the
debenture,
fact, that
will
interest
be
amounting
to
2%%,
or
$25
has
per
paid cn March 1, 1948 to registered holders
sinking fund income debentures due Sept. 1, 1954, of record
the close of business
March
l,
the New, York Curb Exchange
5%
International
Telephone &
Telegraph Corp. —New
Vice-President Elected—Not Purchasing Own Stock—
Lieutenant
Hotel Waldorf-Astoria Corp.—Interest
Payment—
In
;
on
'
"$219,098
3,393
charges
'■Deficit.—V.
1948—12 Mos.—1947
Gulf Mobile & Ohio RR.—Bonds
Ready—
of
$255,506
'
1,297,032
28,647
"$74,658
deductions
Misc.
has
company
Net
on
"
Net
$5,737,857
r
are
which
preferred
permission to withdraw a previous
registration statement xned, proposing ine cuxerxng ox $19,400,000 bonds
and 2,132,223 common shares.—V. 167, p. 651.
"
167,
Power
.
2,104,797
"$247,745:
12,662
1948—Month—1947
—V. 167, p. 650.
■$3,605,869
:
117,802
"$87,320
income
income
Inc.—January Sales Up 6.1%—
•
dividend
1948—Month—1947
$3,792,911
Investment
1947—12 Mos.—1946
119,542
191,401
.
Period End. Jan. 31—
The
$1,470,910 $21,172,670 $16,379,313
1,500,624
17,566,801
16,123,807
$223,623
accruals
ry.
Other
Total
(II. L.) Green Co.,
$3
of
stock
167, p. 547.
Interstate
a
delivery in settlement of
1948, must be stamped to
a
from ry. oper.
rev.
tax
Equip. & joint fac. rents
that the debentures shall
1948;
to
exchange contracts made beginning Feb.
p.
revenues
oper.
Net
1948
on
office
shares
60,815
$3,017
preferred
1947.—V. 166, p. 1684.
Lovelace,
presentation of debentures for stamping
of Robert Winthrop &
Co., New York, N. Y.
The New York Stock
Exchange directs that the debentures be quoted
the
oper.
RR.—Interest Payment—
$1,000 debenture will be made
per
dividend
$4.80
RR.—Earnings—
1947—Month—1946
Ry.
Bay
of
Statement—
"
'
.
Ry.
Green
for
:
—V.
1947
$2,541,600
_
—V.
305,442
1947 apd ,1946
company
167, p. 651.
Sales—'
$3,792,795
Bales
preferred/ for -both
shares
Period End. Jan. 31—
is inviting sealed bids for the purchase from it as a
whole of an issue of $15,000,000 first mortgage- bonds, series due 1978.
Such bids will be received by the company at Room No. 1567, No. 231
South La Salle St., Chicago 4, 111., up to, II a.m. (CSX) on Feb. 16.—
11,244,628 228,635,966 212,324,211
154.
p.
The
s
$16,166'
305,442
Interstate Department
.Illinois Power Co.—Bids for Purchase of Bonds—
1948—12 Mos.- -1947
$
12,303,324
$18,860
$3,732
share
per
-
practical effect
current
Grant Co.- -January Sales Rose
9.42%—
Sales
i_—_
——
share
common
exchangeable
"June 9,
it has no
sterling,
for
rate
outstanding
outstanding—
NOTE—Earnings
the
In
$1,310,860
81,086%
63,390
"
shares
810,000
$1,529,278
.—
preferred' share-u_—_/_L__
per
$2,120,866
951,000
:
shares
Preferred
Common
27,'47 Dec. 28,'46
$2,480,278
taxes/-:/—
■;:;£ Net profit—
--"'k
./ '■'}
Dec.
operating -profit after charges—
Sales
(W. T.)
vV
52 Weeks-Ended—
Earned
of
^ei s^are on ^ie 200,000 shares now outstanding.—V.
1732
166, p., 2661.
,.
this
1947
resulting
York.—V.
New
Lawyers Trust Co., New York, N. Y., has been appointed: trans¬
fer agent for the common and preferred stocks, effective Feb. 1, 19481
—v. 167, p. 154.
;' .
*// ■" :"t
' *" *
1946.
of Dec- "27,
as
$1,836,918,
liabilities
of
>
;
.
The
24.
$42,826,851.
$37,601,016, respectively, for
cloth
totaled
105,659,735 yards
of
Trust Co.
Bakeries Corp.—Earnings-
Interstate
v
Hudson & Manhattan RR. Co.—Transfer ' Agent—
share
Feb.
on
shows that for the
company
Dec.
preceding
noon
jews*- »«y>
6
that these
ex-interest
nade
Payment will be made at The. Commercial/Natiohal
1948.
Monday, February 1G,. 1948
Federal
par $20.
dividend,
4
27, 1947, net profit was $4,370,353
These figures compare with
$3,699,738 and
the
stock
a
as
CHRONICLE
■'%'Zi,/'»vjwSy'-ki».r <:
bonds would- be quoted
Increasing the authorized
on
share, to each stockholder of record at
FINANCIAL
Feb.
on
26,
Bank &
vote
par $20,
distributed
be
Feb.
on
200,000 shares,
shares
announced
Capitalization
•
Feb:- 24-will
on
capital stock from
*
Co.—To
C.)
Pay Stock Dividend—
&
to
been
take
General
elected
charge of
Announcement
a
Pedro
A.
del
Vice-President.
I.
also
T.
<fc
was
T.'s
Valle,
He
interests
made,
U. S.
will
in
Marine
shortly
to
On
,
:
Court
the
that
Feb.
that
9,
the
$11.25
offering
within
the
issue
but
on
been
the
had
sold
such
statement,
James
F.
Master&on,*
soiight [an. injunction, in
been
was
to
\
ceased
the
investors
of-'.100
owner
was
6,
and
the
underwriters
closed.-A
day, Feb.
erroneous;'/..
statement/ '
attributed
Otis
sha,res
-
&
Co. /
of/Kaiser»'v"
.the^,Wayne -County/" (Mich.), District
'Kaiser-Frgzer • from' ,sel)ing
\
Then
following
any
to' restrain'
minutes.'
books
had
stabilization
day
15
subscription
underwriters
Frazer.;
...
to
that
effect
the
announced
;
in response to inquiries,; that no
action has been taken or is being contemplated ,in/ connection .with
the purchase of its own stock by the corporation.—V. 167, ;p'; . 547:
the
to
Cairo
East.:
hour of
noon
dropped
announced
CofpV iRetired)
proceed; to
the ,Middle
//IhVthe
stock
T
*
t
/
the
stock;'*.
1; '
'' "•'
-
•T
Volume 16? Number 4673
The
••
•
following is
taken
from
THE COMMERCIAL
the New York
''Times", Feb. llL/V't
termination of "the pur¬
underwriters'
i.
■'
FINANCIAL
CHRONICLE
contract
Company
Henry J. Kaissr
today, threatening
the
sudden
bunkers,
and
Joseph
complete
a
determination
to
cancel-
by
Frazer were
expose
Otis
contract
a
W.
of
-
all
in
fighting
a'
the
facts
Cleveland
900,000 shares
to
investment
•
addition, the
loan and credit agreement
provided the company with a line of credit
for.. a, period of five -years of an' amount of $200,000 at any one time
outstanding; jat an interest rate of 2% per annum, and the company is
obligated tb pay to the bank at the end of each calendar quarter as a
commitment fee-a sum equal to Vx of 1 % per annum on the amount
purchase
of Kaiser.! of
the/credit unused during such quarter.
Company has utilized its
a, full public hearing of the facts. "
/entire line of credit and has issued its note to the bank in the full
\ Evidence of
how-Kaiser, chairman, and Frazer, president felt, about, -. amount of .$200,000.";' W;;->S'.;Vr;
■"!
the/Unilateral -, cancellation of the under
writing was found in a stateThe-company has also entered into an agreement with The Manument'issued under their
names, " •'/; 5 V
facturers National Bank of Detroit
for a further line of
'
Pfizer Corp. stock.
They called'
deplore
the
■
to
.
/
underwriting
their, contract
stock.
common
the
of
managers
terminate
vshares of Kaiser-Frazer
.
of the
action
cate in,■;purporting
v
-for
'\/;AUt;.
''We
"
We
to
purchase
"It is
.
•
have
it
clear
to
to present prompt-ly
v"The public may be
assured that all the facts and circumstances in
to
this matter will be
developed and made known in the
as well as in. the
interest of this company, its
employees
and- its -stockholders.v We
won't take this
lying down."
Associated
that
Press
the
SEC
.financial statements.
-,
learn
the
reported
had
It
of
names
SEC
:
from
asked
learned
those
Washington
the
three
also
that
sold
the
who
Feb.
11
underwriters
the
SEC
stock
is
for
The
and
900,000
would
have
The
to
yielded
Federal
the
in
the
the
of
two
steps to
3
and
Chairman
Frazer,
President,
1938-._r—
two
fold:
which
New
A
.
of
the
and
to
the
53
last
night
division
board
for
of
the
to
the
An
market
from
scheduled
public
tiic
said
official
drawals"
light
no
of
the
it,
offering
the
the
on
stock
SEC
this
will
Blast
plant
$1,150,000.-
and
by
units for
.
500
and
(other
of
is
its
day.
that
said
May
this
have been
employees.
:
- v-
•
it
year,
made
for
Fund
additional
the
Katz
approximately
distribution
income
of
100,000 shares
$246,500.
capital.—V.
of
follows:
as
53
cents
preferred
record
of
the
close
of
made
10
to
Jan.
Feb.
35
Dec.
assets
of
,
of
about
the
650
construction
167, p. 548.
15,
series
has
1946,
with
Feb.
with
of
55
cents;
and
Aug.
15,
Funds
at
The
3.
Funds
Fund,
U.
amounted
$27.10
$28.00
at
to
—V.
i
162,
the
persons.
of
75
in
number
from
of
share
of
the
on
279,609
outstanding
of
the
at
1946.
which
and
close
of
The Dec.
275,564
to
is
after
share
per
313,166.
Net
asset
special
a
Dec.
on
shares
Total
value
Ar-
shares
and
Series
assets
share
per
from
housing
per
share.
at
The
stock
$3
per
common
(par $1).
share
and
shares
are
& Co.
Transfer
store
p.
of
$20.23
at
realized
gains
$22.01 on
was
,
,
\
Year—
...
-
$1,620,000
308
306
w
695
696
Feb¬
_
_
167,
1948
$10,046,462 $10,701,807
-
p.
254.
Net
from
ry.
fund
of
Laclede Gas Light
The
Feb. 4 filed
company on
covering
$6,084,000
15-year
a
registration
convertible
statement
sinking
fund
with
the
.
debentures.
will
be
used
to
pay
outstanding
instalment
class
A
Period End. Jan. 31—
Sales
railway
4_—_—
;
760,706
■
:
$53,078
t 48,054
:
in
19,\ 974,264
1,292,449
___________
1945-*rJ.-r_ic3y£
;
'
- ■
194,992
;■
219,538
93,991
l,475;0'59
'154,446
1,753,188 > 4; 11,422
167,
1948—Month—1947
$242,772
i.—
—
—V.
i
*
"
to
536,313
.
Month of
14,826
653.
56,808
•
$3,199,044
it is sal6,
issue for $8,000,0('{».
RR.—Earnings—
1946
1945
1944
.
196,541.491
214,779,541
50,060,475
82,896,917
22,701,472
22,637,129
15,595,486
159,
-v
will
vote
on
3-for-l
a
stock
common
Sales Co.—Split-Up—
&
15
on
from
approving
basis.
178,771
proposal
a
This
shares
would
of
no
.
value
738.
p.
j
.i; "
•.
vJ';>
"Majestic Radio & Television .Corp.—Bankruptcy—
.
to
increase
par
.
/
•
corporation and Majestic Records, Inc., of Elgin, on Feb. {»
bankruptcy petitions and asked permission to reorganize.
Federal
Philip L. Sullivan at Chicago entered an order permitting the
companies
to
operate
under
court
supervision
pending
the
reorgani¬
zation.
company's
but
—V.
petition
Television
which
The
has
assets
H.
in
told
the
Mr.
by
of
E.
debts
pay
court
that
as
both
they
com¬
Shapiro said the Majestic
$5,000,000 and
the
Recoid
Newark,
signed
to
now
N. J., has $1,000,000 in
Tracey, President of the
A.
Ericksen, President of the Record company.
Coil
Corp.,
Atlanta,
Ga.
To
—
Withdraw
Statement—
has asked
company
filed
is unable
2927.
p.
Manhattan
The
it
plant,
a
were
and P.
Registration
ment
Corp.
leases
petitions
company,
164,
said
Attorney A. L. Schapiro
pay their debts in full.
would
&
Radio
the
SEC
to
withdraw
its
registration
state-
:
May 20, 1947, covering the proposed offering of $500,0('D
debentures, 12,000 5'/2%
preferred shares (par $25) and
serial
stock
common
Maracaibo
Oil
(.par
$1).—V.
165,
2800.
p.
Exploration Corp.—Earnings—
Period End. Dec. 31—
Operating
income
«1947—3 Mos.-—1946
1947—12 Mos.—1946
$107,772
$61,657
$360,175
24,453
17,573
38.151
67,587
$83,318
-
$44,083
$272,024
Oper. exps. & gen. taxes
from operations
$229,1": J.
13,020
1947
$46,997
$295,389
$182,843
106,184
depletion, dry
holes, leases forfeited,
No.
43.220
36,735
107,316
taxes
4,000
Cr4,500
30,000
6,000
period
$49,118
$14,762
$158,073
$70,655
outstdg.__
share
396,000
396,000
396.000
396,000
$0.12
$0.04
$0.40
$0.18'
.....
for Fed.
Net
$3,958,352
23,365
$96,338
income
Deprec.,
Inc.—January Sales 2.5% Lower—
1948
2,914
$161,584
21,265
income
Gross
$2,797,583
inc.
income
for
of shares
Earned
-V.
-
••
■
-
per
_
166, p.
_
1995.
Marchant Calculating Machine Co.—New
William
Refining
W.
Knox,
the
of
B.
Tyler,
will
'
"
Contrib'.
Net"
;
-
-to
a
Mr.
vacancies
son.—V.
4,800
6,500
6,400
/
165,' p.
62,500
The
f.Registration,:.etc.,
was
by the
also named General Counsel.
They
death of the late Harrison S. Robin¬
& Insurance Co.—Annual Re¬
of
a
1946.
reports that
total
premiums written
during
1947
high of $28,469,709. an increase of $7,962,325 over those
premiums of $26,764,922 during the year also set a
as did total admitted assets of $44,956,674, as of Dec.
new
Earned
new
31,
record,
1947.
-
Commenting on the- effect of the increased volume,
higher operating costs, Wallace Falvey, President, stated
report to stockholders that "earnings from interest,
rents
totaled
$1,065,946."
This
was
the
equivalent
together
with
in the annual
dividends
and
of
$2.13
per
outstanding since November.
Net loss from underwriting was reported at $1,938,734.
As a result
share
on
the
500,000
combined
net
loss
taxes
$872,787.
was
"The
a
year
plus
and
ago,
amount
of
froth
for
reserve
shares
•
of
operations
reserves
except
the
year
1947
before
Federal
''
premiums
claims
for
$5,852,165."
liabilities
for
•
unearned
the
stock
...
capital
is
$1,704,787 greater
thao
during 1947 increased i.a
.;
'!-
amounted
to
$31,605,883.
Total
sur¬
to
34,857
33,396
29,671
12,626
12,562
10,612
15,765
McLaughlin
Miscellaneous .expenses!
■
,
46,919
36,700
32,608
28,902
$1,324,328
$1,429,640
exps.-y
lfor,-.franchise
93,974 .ing, reports, etc.
Net
„
~62^500
&
ordinary,, income-': $2,105,585
^Registration,'^transfer,
.
62,500
$1,837,797"
custody qf securities, insurance, legal, audit-
"
9,556
Knox
created
36,208;:
Prov.
;
-
125,756
12,289
Sugar
'•"•.Misc'elfantrous?
,
.
Hawaiian
policyholders, including capital of $2,500,000, surplus
an;l
voluntary- reserve/amounted to $13,350,790 at the close of 1947.
-
152,794
Director, Etc.
company
reached
Total
62,500
&
1592.
Massachusetts Bonding
the
20,560
California
port—
104,583
21,345
59,397
' '
140,088
-employees'
34,594
V
6,500
123,659
plan-,^!:!:-Manage.-eompensatrori'il:1'
--41,700
61,583
128,939
retirement,
Profit'
.
/'
of
Ltd., has been appointed a director, and Wallace
director, has been elected to the office of Vice-President,
company.
fill
Vice-President
Corp..
■
■
•
122,632
1,866
contemplates,
The
548.
113,814
2,537
(Ky.)—Financing-—
"new money"
a
16,280,657
stock
shares.—V.
etc,
Directors' Tees'
V.
$42,310
.
Co.
financing plan
March
on
common
.
Judge
Higher—
1948—12 Mos.—1947
-
$209,004
January—
p.
60,472
,
just
sales-publicity
notes.—V.
$3,859,235
167,
96,906
.
higb
for
Light Co.—Financing—
Manufacturing
•,
filed
155.
p.
Lane Bryant,
81,178
v
primarily
booklet
first
introduced
company
167, p. 155.
outstanding
Prov.
75c
'
>
<
"19,551
■
1,511,606
'
'
6,354
182,565
1943__--^--.__£______^;. 1,161,903
-
35,146
"•
40-page
Michigan
"$11,367
187,940
.
this
189,697,168 169,666,274
33,359,937
29,183,100
income—
Un¬
shares
at
—V.
Profit Before .Income '
Income Tax
Tax.
'
p.
Electric
railway
the
Profit
Salaries -,'
$430,793
412,929
167,
Nashville
Stockholders
up
;ltne
652.
(M. H.) Lamston, Inc.—January Sales 16.2%
V
-
V.
"Incor"—
on
a
"Incor"—America's
prepared
1947
oper.
Ludlow
The
svVlt
SEC
-
.
stockholders
of
Co.—Registers With SEC—
Boston
$250,000
common
YEARS
the
Welwyn
254.
p.
its
to
was
1891;
p.
&
*Deficit.—V.
-
-
Co.,
$18,527,774 $14,015,188 $13,895,733 $18,638,602
4,013,935
2,443,296
*7,684,524
7,324,547
income.—
2,199,340
1,187,769
956,307
*4,71:9
oper.
from
Nc-t
5%
.
1941__iv-^-:-—.. 038,366
3
ry.
1947
^
Net Sales
Electric
the
States
it is reported, is expected to file a registration state¬
shortly for $10,000,000 new mortgage bonds.
Pro¬
85,000 shares of
incorporated
'81,134
1947
Net
Gross
assets.
(S. II.) Kress & Co.—January Sales Decreased 6.1%—
being sold by Carr
611,326.
1946i
from
.
t
United
railway
railway
company,
1947
$16,990,026 $15,712,824
.
1939-___2__iili:_.V._^;
1944
Net
Radio
1948'
—
-
i/
Lincoln
the
sale will be used to defray construction
expenditures,
Bids
are expected to 6e
opened about March 15.—V. 167, p. 264.
iron)
panies
Kresge Co.—January Sales Up 8.1%:—
'
■»
booklet
December—
Gross
.
,
\
167,
record
company's revised bond
The
;
,
EARNINGS FOR CALENDAR
The
to
SEC
-
{
return
cement—which
Louisville^ Gas &
The
1947
April 25, 1922,
Lehman Corp.—Asset Value Rises—
Company carries on the business originally established
in
1891
as
a
partnership under the name of Detroit Denial Manu¬
An
increase, in
the net
asset
value
of
the
capital stock of the
facturing Co.
In 1907, the business was
-irfcorporated - in Michigan as
corporation to $49.03 as of Dec. 31, 1947, from $47.73 at the end of
Detroit Dental
Manufacturing, Co.
On April 25,
1922, - the present
theeprevious quarter, Sept. 30. 1947, is reported by Robert
company was incorporated under the name of
Lehman,
"Detroit .Dental- Mahu-'
.President of the,corporation, to stockholders at the end of the
second
factoring Co. and acquired substantially all of the
assets, subject- to
quarter/^qf"the .company's fiscal year. On June 30, 1947, the net asset
liabilities, of the former corporation.
On Nov,. 2, 1939, the naiheVof!
V valiie' stood-At" $47.53.:;-!' .
the company was
changed, to Kery Dental Manufacturing Co. and - on
June 14, 1S46, its -name- Was
As :of.- Dec;/3i'^'l947,'-.-75.'9'% of the
company's net assets of $95,637,730
changed t»'Kerr Manufacturing Co. '■■!•/
were, invested in-common stocks, with net
The principal 'products
cash, receivables and U. S.
manufactured by the company sre
Government
"Crysobligations 14.4%, preferred stocks
tojex," a plastic material from'''which dentists
5.2.%, bonds 2.87e
and dental laboratories
and
miscellaneous
investments
and
advances -1.7%.
make the pink portion of artificial
The
aggregate
dentures, various impression com¬
cost ' of
securities ^ purchased ;• during
the three months, other' than
pounds Used in taking; impressions of the
mouth, refractory materials
U. S. Governments,
was $3,991,002, as! compared
used
in the
with proceeds from
casting of inlays and "bridges; "Bondex," for
quickly
sales!of;$4,978,398.
"...
<'
repairing .broken dentures;, "Boil-Out
Compound," used by• dental ;*'-i''--.'":-";''
' ■:"
'•
'■
laboratories in cleaning molds
for-making dentures,- instruments-■■■for
' - t
:
INCOME STATEMENT 6 MONTHS ENDED DEC.
31
working on the nerves of tfeeth, dental
mirrors, various pieces of dental
\ Interest earned—'
laboratory equipment, such as machines used in
1947
1946 '
,1945
1944
casting bridges, vacuum
pumps,- vibrating devices and' plaster
On U. S. Govt, oblig.
$72,206
$66,861
$32,283
mixers, refractory material for
$38,629
M
.On-.other bonds.:
27,517
r
...the iprpductlon qf molds, and various, waxes for making, patterns and
26,88T
43,987
52,454
.sotheiv, miscellaneous lasting:, siipplie^r
Cash; dividends-'!; Ai
2,147,657
1,977,266
fpr manufacturing jewelersi! and
1,446,848
1,498,843
Tax a ble'd iv-. in' securs .'lr
other manufacturers producing precision
91,405
21,312
23.097
castings.
' V/-20,137
'
81,836
;V;.»The company sells its products to,approximately 322 dental dealers," ■-9-; Other Hncom'e
41,113
63,818 !;x67,399
t hroughout, tthe
*•(>'«
United States and
;
^
' 'X.;.
,v' .1
r
Canada, who, in' turn, distribute
these products to dental laboratories
-....Totalincome-i-'lL
V $2,420,622
and dentists. ' J '
•
$2,133,434
$1,610,033
$i,677,462
";'
...
,
BUSINESS—Company
issued
Power &
the
the issue
out-
$1,538,000
sa!es__\___/
155.
Sales
AND
of
the sale before the end of March of
—V. 167, p. 653.
"K2"
1948
.Month of JanuarySales
'A' i
agent, Manufacturers National Bank of Detroit.
HISTORY
.
The
the
166,
company,
ceeds from
.
participating stock (par $3) and 110,080
common
has
performance
The
ago.
with
Other
of
Manager, announces
position of Assistant to
the
recent
President
Portland
Louisiana
The
ment
31,
increased
with
compares
January—'
liny op6rAtion__-_
167,
167, p.
offered
General
to
his
outstanding
shares
the
net
distribution
15,
of
Number of-stdres in operation
—V: 167, p. 155.
Manufacturing Co., Detroit, Mich.—Stocks Of¬
fered—Carr & Co., Detroit, on Jan. 27
offered 100,000
were,
strength
years
purposes.—V.
154.!,
p.
Sales.
Kerr
..
the
and
bonds
the 286,952
on
"Bl"
portfolio
$7,776,796
Month,of January—
facilities
$2,500,000 advanced
248.
p.
shares of class A
,
the
until
the
was
and
Clipsham
From Jan. 1—
Government
the end
share
per
per
S.
reporting at
Series
ceeds
sinking
on
F.
1935
corporation
etu'iy
values
a
operate
President
G.
Louisville
market
derwriters, Lehman Brothers, Goldman, Sachs & Co. and The First
Corp.
Debentures will be offered initially to common stock¬
holders. Unsubscribed, will be publicly offered
by underwriters.
Pro¬
company's
of
City, Herts, England.—V.
mature,
Co.—Additional Borrowing—
to
The
earlier.
the
1947
cents
"Bl"
between
$7,714,852
to
31,^1946.—V. 167,
_
begin until 1951
1948—12 Mos.—194".
$5,660,429 $107,284,075 $96,980,901
Lone Star Cement
Corp.—Issues Booklet
pay¬
than
on
Series
evenly
bonds,
equal
year
(S. S.)
To
not
Lincoln,
From
Clipsham
Garden
been
K-l,
1943.
provide additional working capital and funds for its
expansion,
the company has exercised its loan
option for an additional $1,000 000
from
Mutual
Life
Insurance Co. of New
York.
The
company
in
August, 1946, borrowed $1,500,000, due in 15
years, at 3ts%.
It paid
a
stand-by rate - of '.4 %
for
the
unused
portion of
an
additional
$1,500,000.
Under the-terms, the
year does
Mr.
(G. R.) Kinney Co., Inc.—January Sales Declined 5%
—
■
F.
appointment
carbide
$165,000,000, compared with
it is disclosed by the annual reports
public
the
corporate
1947,
Mdnth of
v
have
to
real
Company
share
per
stack,
31,
Keystone
more
$3,154,179 to $6,336,030.
—V.
Drug
the
was
a
close
of
the
651.
p.
are
Administration 'that
since
167,
ironi the sale of the
to
1948—Month—1947
$6,405,192
167, p. 434.
President.
and
offered
now
$573,681;
Lincoln Electric Co., Cleveland
O.—New Appointment.
20
additional working
were
Funds
increased
from
prior
official
,
1944.—V.
for
assets
compared
During
is located in Ironton, Utah, near
Provo, Utah.
1
.i.v The
properties- were, operated
by- Columbia Steel during the war
and have a capacity of 760 tons of
beehive coke per day and 300,000
net
tons of pig iron per
year.
The plant has been idle
ruary,
1947
compared
standing
a surplus blast iurnace,'
purchased from WAA for
V;-;;
stock
common
advances,
Corp.—January Sales 13.2% Higher—
________
James
one
Assets
the early
A-:I*/*-
(2)
Keystone
net
net
shares
Retail
employing
of
company
amount
ls47, amounted
figure
Stores
expects
in
the
year,
1947,
than
whether
V'"^'
•
.
also, that
of
the
to
present, divided
—V.
it
ovens
made
are
stockholder.
as
to- shareholders
quality
last
stock
One
determine
to
advances
—V.
receivable
V.
of
at
good
Exchange
second,
of
following
try
War
The property
...
and,
shares
Co.,
will
the
14
31,
Total
Henry J.
Joseph W.
York Curb
company
further
as
time are the. Keystone Investment Bond Fund
Appreciation Preferred Stock Fund Series "K2."
the
.said!-!!',.
coke
: v'
corporation
rangemeuvo
.
with
this
contract
representatives
reasons
New
&
semi-annual
on
Feb.
Lies;.
-reconverting
sintering
regular
two
situation
Furnace—
v'j: < Th^, oorporatloii: hlis Informed .the
H wili spend
about*$2,000,000 in
The
"interest"
a
the
"excessive."
was
said'yesterday
official.
To- Reconvert
110,080
and
$160,000,000 at
thing baffling the
is the questiont;H."Who stood to
benefit through the with¬
Information jiow . in t
(<he hand3 of the Commission throws
on
operation
the
the
by
Commission
of
which
their
Co.—the
time
Sales
Combined Net Assets Rise $5,000,000 in Year—
inquiry would be two¬
"managing"
underwriting firms
the
purchases
SEC
support
two
corporation,
counsel.
indicated that
Commission
.
of
in
their
ascertain
on
indicated
role
contract,
information
Corp.
terminating
conference
a
& Co.,
and the First California
the decline in the price of the
stock on
on
Feb. 4)
for termination of the
company s
only
.anils,
Combined
of
major
a
to
accounts
•
The
amount.
same
semi-automatic grinding machines for the production
cents.-
on
.
in
concerns
—Otis
of " the
Kaiser-Frazer
previously had
foreign
Lerner Stores
Period End. Jan. 31—
summarizing
stock
Payments
$10,260,625.
York
repesentatives,
first,
of
assumed
exchange
Kaiser,
The
company
stock,
in
and
stock
A
declared
4
Stock
underwriting
the
arrival
trading
the
agency,
action
"purchase"
with
common
its
1947
liabilities—Dividend payable Jan. 8,
1948, $584,033; reserve for
accrued expenses and
taxes, $143,860; capital stock ($1 par), $1,947,077; capital surplus,
$80,712,982; Treasury stock (300 shares at cost),
Dr$9,799; net realized profit on investments and
special dividends paid
(debit), $21,189,698; undistributed net
ordinary
income, $5,731,165;
total, $67,919,639.—V. 166, p. 1685.
:
on
special
Exchange Commission decided yesterday (Feb, 12)
investigation of the circumstances
surrounding 'tlie
underwriting managers of a public offering of
of
of
31,
$52,827,335; miscellaneous investments and
investment, $1; total $67,919,639.
Keystone Custodian Funds, Inc.—"K-l" Distribution—
the
shares
assignment
an
.,
had
The Securities and
to make a
full
by
20
cental
Case—The following
is taken from the New York
"Times," Feb. 13:
withdrawal
time
net proceeds
class
able
Investigating Kaiser
by
dec.
-
taking
Feb.
on
it-
secured
sheet
receivables, $3,002,971; U. S. Government obliga¬
cost), $11,515,651; other securities (at average cos:),
(at average
estate
intends to,devote such
proceeds to the following purposes: (li Purchase
of
one
diamond
coating machine for production of diamond drills
.
>
,
The
from
being sold by Carr
of
relation
learned
varies
..
public- interest
.
j"-:balance
payments' received."
"Jih PURPOSE^—The.
the facts pertinent
and. to ask that complete investigations be
undertaken.,
to this situation
V.
,-loan
,
the proper authorities-all
to
accounts,
of foreign accounts receivable in the
the company's obligation for its foreign
of
amount
-
by. appropriate authorities.
We desire. 'to
public that '.we propose in behalf of the company.-
the
foreign
assignment
,
;
-,?"d full public hearings
its
to
accounts,-receivable.
As of Dec. 26, 1947, the company was indebted
to the^bank to the extent of $71,442, for which it issued its demand
note bearing interest at-3%
per annum on that date secured by general
900,000-
opinion that the'; circumstances under which the manunderwriters have-acted call for immediate
investigations
our
for the
agers
"
finance
syndi-';
by our-counsel!.-'
Wilikie, ,Owen, Farr, -Gallagher & Walton, that in their
opinion the
managers of the underwriters-in
purporting to cancel their-contracts
acted without justiiication.
'•
■-"
,
credit
advised
are
-
/.•
mood
surrounding
Co.,'Inc.,
&
7
ASSETS—Cash and
tions
a
New York "Sun" Feb. 11 had the
following:
.
(747)
\
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
announcement of ' the
yAuthorized
lollowed upon the action of James F.' Masterson of
Outstanding
/'Class A participating stock (par $3)—
100,000 shs.
100,000 shs.
stockholder, of Kaiser-Frazer, in petitioning the
Detroit;
Common stock (par- $1)—600,000 shs.
.Gourl-to enjoin the
565,440 shs.
proposed sale of 1,500,000 new shares, including
tpe ..b.°ck of. 900,000
Under date of April 3, 1946, the
reported
sold
company entered into a loan and
by the underwriters last week.'
The purchase
credit agreement with Manufacturers National Bank of
agreement between the company- and the underwriters
Detroit, Detroit,
Provided that; the underwriters shall
Mich- (amended Jaii!.5, 1948), pursuant to which the company bor¬
complete. the purchase, pro?
rowed
$150,000 on its promissory, note bearing that date,
yided "no lawsuits are pending -or to the knowledge of the company
payable
threaten against the
Within five year's!In Quarter-annual instalments of
company."' '
$7,500, with interest
at rate of 3%
per! annum.
As of Jan. 27, 1948, the balance remaining
'<
Seeks Public Hearing on Stock Sale—The ', ufipaid '.bh this note' has'
been reduced to $97,500.
In
"
chase
Philadelphia,
y,,r
&
'The
Dec.
net
31,
realized profit on
1947, was $1,399,181.
investments
for
the
six
months
ended
Election
Assistant
of
the
as
following
within
the
organization
Vice-President;
Vice-Presidents;
included
Roy Hills and Everett
Clarence E. Miller, Assistant
H.
Stephen
Waldo
Lovejoy
becomes
Assistant
Secretary
and
Metropolitan department,
with Dante
ti&zzi Assistant Manager cf
the
same
department.
Frderick G. Lockwood was named -Manager
of * the
New
England
department
and
George
W.
Perry
•
Critchett,
Secretary. C.
Manager
of
th-r>
was
made
Manager of the Public Official
and
Depository Bond Department,
succeeding the late S. S. Perry, Mr. Perry also retains his present
position as Manager of the Fidelity department.—V. 167, p, 254.
>
^
8
THE
(748)
and
—-Mention
total net assets of $15,990,643 on Dec. 31, 1947
increase during the year in the number of shares outstanding
Fund
an
reports
ing Feb.
high
new
a
total
that
last."—V.
to
cumulative from the date of issu5 expected' to be Feb.
11, 1948, payable quarterly on March 1, June 1, Sept. 1 and Dec. 1,
first payment to be made on June 1,
1948.
Redeemable at option
of company at any, time In whole, or from time to time in
part,
Massachusetts Mutual Life Insurance Co.—New. Dirs.
Richmond
Lewis,
Co.,
Springfield,
the
President
Massachusetts
directors.—V.
Mass.,
and
J.
Lile
and
Mathieson Alkali Works
have
Co.,
Insurance
2312
2560,
pp.
the Charles C. Lewis
Kalmbach, Vice-President of
of
Treasurer
Leland
and
Mutual
166,
1892;
165,
V.
elected
been
1194.
p.
(Inc.)—Preferred Stock Sink¬
ing Fund May Now Be Used for Corporate Purposes—
No
preferred
30-day
at
pany
$110
made
was
by
of
share,
per
acquired
was
stockholders
to
by the
it
$2,615,470
its
to
during
corporation
this
by
sell
to
preferred stock
announced
was
to
company
amendment
1916
a
fund
stock
invitation
Feb.
on
to
11.
the
The
its
com¬
offer
terminate financing restrictions imposed
charter.
The preferred stock sinking
by
the corporation for general corporate purposes and the company will
be in a more advantageous position to arrange any future financing
required for its expanding operations, the announcement said .
The 1916 amendment to its charter precluded Mathieson from creat¬
ing any mortgage or funded indebtedness or issuing or reissuing any
preferred stock without preferred stockholder approval. Howard Berry,
Vice-President
approval
charter
established
and
required
provided
purpose
pointed
almost
the
this
for
Treasurer,
was
that
that
out
impossible
the
obtain
to
could
company
of
extent
in
terminate
used
be
now
may
the
The
practice.
restrictions
these
establishing a sinking fund equal to 110% of the par value of all
outstanding preferred stock and then offering for 30 days to purchase
by
outstanding shares at
quotation
The
of
1948.
to
See
110%
Mathieson
on
offer
pletion
of par
preferred
purchase
upon
sinking fund
V.
167, p. 653.
Dec.
on
per
Jan.
on
31,
Recent market
share.
per
$175
was
initiated
was
the
$110
or
share.
following
1948,
8,
and it
1947,
expired
com¬
Feb.
9,
-
if
less
not
plus,
premium
if
Stores Co.—-January Sales Up 5.9%—
Period End. Jan. 31—
1948—Month—1947
,
Sales
—V.
$3,147,580
days'
on
1,
1957,
Convertible
19456
the
of
of
case
shares
of
B,
earlier
(for
at
this
$2,972,287 $50,895,851 $49,055,997
167, p. 155.
Retail
—V.
1948
1947
$3,511,904
_____
$3,510,131
167, p. 254.
panded irom
time
Inc.—January Sales Up 15.9%—
Period End. Jan. 21—
1*48—Month—1947
.v_',
1948—12
Mos.—11947
$
$
6,459,400
113,200,100
time
to
common
stock,
140,000
to
Corp.—Split-Up of Stock Approved—
Feb.
on
Series
A
1110
Series B
tno
par)—$3.25
thus
280,000
approved
increasing
shares.—V.
the
166,
2-for-l
a
number
of
split-up
common
BANK
($5
from
them
from
Feb.
at 2'/4%
a
Michigan Consolidated Gas Co.—Partial Redemption—There
have been ca.led tor redemption on March
1, 1948, a total
$570,000 first mortgage bonds, 3»/»% series due 1969, at 106.15 and
mterest.
Payment wm De m..ue m uie cu,y Bank Farmers Trust Co.,
.rustee, New York, N. Y.—V. 166, p. 2212.
Mid-Continent Airlines, Inc.—Earnings, etc.—
The
company
reported a net loss of $54,975 for the month of De¬
after adjustment of provision for income taxes.
Total operating revenues ior
the year 1*47 increased 14.36%
over
the $4,872,124 reported in
1946, to eotablish a new record of $5,571,825.
At the same time,
operating expenses increases 22.36% from $4,429,1*6
in
1547,
1946
to
$5,41*,734
operations,
pany s
materials
and
Revenue
1947,
1*47, due in part to expansion of
due primarily to advances in costs
but
the
Down
In
1*47,
tne
from
5,278,893 in 1946
of
269,189
miles in 1947
revenue
in
an
OPERATING
STATISTICS
FOR
CALENDAR
efficiency
Revenue
load
passenger
factof-
Mail, express and freight tons
Mail, express and lreigat-ton miies
Net profit after taxes
Earned
per
*1947
of
tion
1946
97.70%
132,331,480 104,242,610
61.87%
72 43%
„
1,560
1,118
496,189
*$46,696
_
350^990
share——
$562,066
$0.12
Jan.
SUMMARY
OF
EARNINGS
i.as not yet designated
a
rate of mail pay for this route.—V.
opera¬
Board
167, p. 653,
Power
t
1947—Month—1946
for
P.ov.
$564,680
$7,244,308
$6,448,012
283,849
281,734
3,174,376
2,534 697
42,167
566,000
506 000
4,500
110,796
54,000
[793,080
717,872
depreciation..
A^.qrtiz.
of plant
47,167
acqui.
Jjustments
>
Gc:..ral
&
9,233
taxes
Fed
inc.
G:
3S
on
profits)
137,097
1
$163,323"
debt.
debt
875,700
$1,759,743
i
'
Dr307
pfd.
Dr353
Cr41,227
—
income
on
272 477
_Cr2,694
Cr58,471
Crl.970
$176,500
deductions
Diyiuv.ids
$99,633
$1,442/761
$1,493,436
stock
7,705
Balance
—V.
1920,010
$1,680,046
299,786
$168,796
167, p. 255.
Dr4,030
10,049
$89,584"
Dr4 260
107,883
120,594
$1,334,878
$1,372*902
*■
10,084,149
16,2.1,602
14,912,189
10,904,338
5,318,003
9,998,561
15,329,729
10,100,671
16,304,128
16,888,465
10,766,446
9,581,750
40,273,558
9,298,034
3,508,370
38,920,985
6,534,225
* 1,168,134
27,677,953
thereon
income
for
and minority
the
December—
from
-
•it
Nut
from
nor
ry.
oper.
Monsanto
Nov.
30,
The
V
t
->■
V from railway
"rom railway.
ry.
oper.
1947
1946
'
1945
1944
$5,333,846
$4,725,580
$7,398,835
1,256,014
641,579
905,390
1,088,126
\
481,241
2,358,928
2,564,156
60,732,982
83,093,834
84,022,042
15,376,906
12,131,360
25,959,818
25,207,158
5.843,630
4,338,339
8,782,443
9,469,440
and sale
of
subsidiaries
its
shares of stock
names
December—
from
Net
from
Net
ry.
1947
railway
railway
oper.
income.—
from
from
railway
railway
Net ry. ..oper. income...
—V. 167„ p. 435.
1945
$486,308
$497,168
$485,038
242,444
216,883
279,650
265,349
87,966
73,277
130,830
86,042
r 1944
20,000
are
the
and
500
Baker, Weeks & Harden
Co
Bitting, Jones & Co.,
Inc.
& Co.,
H.
Boynton & Co., Inc.
F.
Inc.—
& Sons
Alex. Brown
Republic
5,983,312
5,830,859
6,642,681
4,252,404
2,683,385
2,868,356'
3,420,678
1,656,799
936,808
1,082,217
1,238,428
Milwaukee
Inc.—
F.
500
Moseiey
Newbold's
H.
W.
2,000
2,500
Pacific
Clark
1,500
Paine,
C. C.
Co
Codings and Co., Inc.
Collins & Co
Dam
M.
&
Dillon, Read
Dixon
&
7,500
.
.
Dominick
_•
Morris
Equitable
Securities
Estabrook
Corp.
i
Co...
&
A.
Evans
&
Steele
Fauset,
of
First
Michigan
Riter
2,000
The
Nolan
Folger,
Rothschild
Chas.
W.
I.
Singer,
:
Parsons & Co
2,000
Brock
&
800
2,000
of
of
Bros.
1,500
Stix
2,500
The
&
500
Weeks;
D.
&
1,200
&
Jones
&
Co.—
Co., Inc.'
—
Co
1,200
—
Securities
Stroud
&
5,000
2,000
Corp.—
Inc..—
Co.,
Brothers
1,500
Spencer Trask & Co
Tucker, Anthony & Co.—
2,000
2,500
800
Kebbon, McConnick & Co.
2,000
5,000
Co
Loeb & Co..
Laird, Bissell & Meeds.—
W. C. Langley & Co...
Lazard Freres & Co
American
Underwood,
1,500
500
Association
this
6,
reports
75,579,000 cu. ft., or 36.94%
the corresponding week a
for
ended
kwh.
Gas
Jan.
This
of
for
output
is
electric
output
the
31,
is
of
increase
an
kwh.
63,903,673
production
above
year
ago.
Association reports electric output
for
kwh.,
6,655,077
the
10.4%
month a
or
corresponding
January, 1948, is reported at 1,148,327,000 cu. ft.
of 251,32.9,000 cu, it., or 28.02% above production
ft.
for the corresponding month
a
year
ago.—
increase
an
of
896,998,000
V.
167, p.
cu.
654.
NOTE-—For
possible
to
order.
mechanical
it
reasons
is
always
not
companies in exact alphabetical
they are always as near alphabetical
possible.
arrange
However,
position
as
New York
Central RR.—Earnings—
(Including All Leased Lines)
$
Ry.
oper.
expenses
$
$
$
69,831,042
64,704,245
revenues
oper.
1947—12 Mos.—1946
1947—Month—1946
Period End. Dec. 31—
Net rev, from ry.
oper.
accruals.
tax
51,773,060 703,340,527 616,784,755
55,064,091 606,536,857 558,351,493
5,126,797
S3,2*1,031
Cr2,585,076 Cr5,822,080
96,803,670
52,435,502
58,433,262
23,953,409
2,180,066
ry.
2,663,983
19,848,607
19,032,634
5,531,807
S132.934
2,703,341
income.
oper.
income—...
1,675,608
24,519,561
21,217,393
15,447,219
17,029,957
Corp.
Neuhaus
8,235,148
205,134
fixed
Total
income..
Net
45,736,954
1,911,940
32,477,176
1,967,705
3,462,488
41,518,932
40,958,739
4,590,653
charges
1,542,674
311,464
3,439,361
Total income
Misc. deductions
§2,231,278
2,306,082
§10,449,268
"Includes Federal inc.
Cr7,002,714 Cr8,656,785 06,072,223 023,489,462
taxest
adjustment
credit
includes
tl947
1943—$7,350,156
Federal
in both periods.
1946
December
adjustment of $5,047,600 in
§Deficit.—V. 167, p. 654.
New York Chicago & St.
income tax accruals for
includes carry-back credit
and
$21,142,300
full
year.
Louis RR.—Equipment Trusts
ders Feb.
for $1,400,000
10
2Vs% serial equipment trust
certificates, maturing $140,000 annually March 1, 1949 to
The certificates, issued under the Phila¬
delphia plan, were reoffered, subject to ICC authori¬
zation, at prices to yield from 1.40% to 2.45%, accord¬
ing to maturity.
Proceeds
80%
The
for
2'/8s;
Day
was
Shields
&
99.0134
Co.,
&
awarded
Freeman
were:
used
to
provide
at $1,774,692,
consisting of 400 50-ton
a
on
&
Co.
bid
and
of
99.256.
Wm. E.
for
of new
all-steel
estimated
cost,
equipment,
issue
sale
be
will
issue
the
of
the
of
railroad
Other
not
than
more
standard-gauge
box cars.
.
bids
Polock & Co.,
received at
99.159
Inc.,
Co., 99.02 for 2V8s; Gregory & Son and R. L.
for 2Vbs; Kidder, Peabody & Co. and Dick &
2'As; R. W. Pressprich & Co., Inq., 99.594 for
99.659 for
Merle-Smith,
2'As;
Salomon
(Inc.),
99.53
and F.
& Hutzler, 99.511 for 2'As; Harris, Hall & Co.
2'As; Harriman Ripley & Co., Inc., 99.3199 ;for
2'As and Union Bank of
Bros.
for
Moseley & Co., 100.48 for
99.745 for 2'As.—V. 167, p. 543.
Commerce,
S.
'
\v
J'
•<
York
New
Telephone
1947—3 Mos.—1946 *
Period End. Dec. 31—
■
.J"
-
'
Operating
Operating
revenues
Operating
taxes
expenses
i
......
Co.—Earnings—
~-f.'
1947—12 Mos.—1946
$
800
—
in
Offered—Halsey, Stuart & Co. Inc. was high of 11 bid¬
& Webster
Tifft
and
of
ft.
cu.
month
production
2'As;
Inc.
$
96,507,321
72,029,518
14,144,464
87,521,541 355,403,178 333,543,467
61,414,866 263,107,110 234,225,793
14,663,527
53,924,372
56,142,494
10,333,339
11,443,148
38,371,696
487,762
Drl6,083
1,116,839
10,821,101
11,427,065
39,488,535
1,514,707
729,704
5,030,423
42,680,529
3,138,448
&
500
Union Securities Corp
H.
C.
Wainwright & Co.
G.
H.
Walker & Co...
,
Net
5,000
Co.
500
654.
3,000
Swiss
Kidder, Peabody & Co..
p.
800
Co
&
& Boyce
1,200
Space
Kirkpatrick-Pettis
—V. 167,
800
2,000
Inc
Kalman
2,000
Co
2,500
Illinois Co
Lane,
Co..
&
2,500
Hutton & Co
Feb.
ago.
the
800
Nicolaus & Co.,
Stone
E.
ended
increase
an
70,558,750
above
year
1,200
Co
&
Moore
Stifel,
2,000
W.
800
1
Starkweather
Hayden, Stone & Co
Hemphill, Noyes & Co.-
is
204,592,000
For the
800
Co.
&
&
Smithers
S.
F.
Half & Co. (Inc.lHayden, Miller & Co
Hornblower
&
Deane
Smith,
Harris,
2,500
2,000
Co.—
2,500
Scribner
Stein
Ripley & Co.,
Scranton
Simon
6,500
6,500
Graham,
&
Co
&
Shields & Co.—
Glore, Forgan & Co.l
Goodwyn & Olds
500
Moreland
L.
M.
.
ji
Association—Output—
Electric
&
kwh.
This is an increase of 1,833,582 kwh., or 12.84%
production of 14,280,161 kwh. for the corresponding week a
year ago. /
:
■'
^
\
Gas output for the Feb. 6 week
is reported at 280,171,000 cu. ft.
1958, inclusive.
500
—
Mosle and
Goldman, Sachs & Co
Greene
2,000
2,000
Robinson-Humphrey
Co.
500
800
4,000
Co
Co
&
Schwabacher
800
Inc
week
'•
Gas
16,113,743
1,500
*
Gardner
&
Reynolds &
Rotan,
2,000
the
'
•
England
above
year
Co
&
500
Corp.
1947
$7,216,328
1948
"$6,947,520
;
'■
For
of
2,000
,
Inc
Shepard & Co.,
Putnam
F.
Sales Off 3.7%—
Newberry Co.—January
.
Other
800
800
& Co
1947
selling
167, p. 436.
Net
2,500
Reinholdt
500
Inc.
Farwell, Chapman & Co.
Co
Hopwood
4,000
in
sales,
rents
Jaffray &
Piper,
2,000
Co.,
$12.03
shares
of
cost
&
_.
5,000
800
& Co
4,530,000
$6,520,331
$9.17
$3.11
$2.92
and 2,230,642 shares in 1946.
and general expenses and all
except those shown separately below.—V. 166, p. 1996.
2,230,817
*Ry.
Webber, Jackson &
1,200
Co
G. Edwards & Sons
5,755,000
$6,935,133
...
New
Prescott, Hawley,
800
13,875,000
$20,461,651
share.
per
on
expenses
—V.
800
Sons
Northwest
Curtis
800
Inc.
Co
&
Drexel
800
Co
& Co.
Dominick &
500
2,160,729
314,286
4,935,119
314,286
Month of January—
Cook & Co.—4,000
Newhard,
Dodge & Co
E.
&
1,257,143
Sales.
1,200
Clark,
W.
8,192,976
1,257,143
on
$26,838,788
deducting
(J. J.)
800
Co.
(Inc.)
taxes
Equip, and joint facility
4,000
500
800
Co
&
Nashville Securities Co
Co.
12,853,292
exp.
1,500
Mullaney, Ross & Co
Maynard H. Murch & Co.
500
&
19,270,000
profit
1,500
Co.
Leonard & Lynch.
Moore,
S.
and
....
Fed.
"Based
5,000
The
800
dcprec.
profit
2,000
Co.
&
Merrill, Turben & Co..—
2,000
F. Cassell & Co.,
Central
Marks
Beane.—
&
6,500
Blyth
$60,219,223 $43,786,770 $17,939,538 $13,525,346
div.
income
"Net
1947—3 Mos.—1946
&
&
disc.
lor
Net
Subs.)—Annual Report—
Lynch, Pierce,
2,000
William Blair & Co..I
'oper.
int.
1,500
500
Co
—
from
6,500
Co
&
M.
Fenner
Merrill
.
1947—12 Mos.—1946 ;
bond
Prov.
5,000
800
Whe.en &
&
McDonald
Laurence
1947
$766,705
of Shs.
Brothers..
1,200
Watts & Co
Baker,
1948
$737,629
—
Ry.
follows:
as
Hi^ginson Corp
2,000
800
Bacon, Whipple & Co
number
No
Lee
Lehman
roeder, Inc
Kuhn,
8.319,807
underwriters
the
167, p. 549.
Shops of Delaware, Inc.—Sales—
its
No. of Shs.
Co
Bieich-
S.
and
Edward
1946
$732,959
From Jan. 1—
Gross
Net
of
to be purchased by each
&
Barney
Arnhold
Co.,
Ry.—Earnings—
Int.,
consolidated
subsidiaries are
In 1947, the plastics
industry was the largest domestic customer and accounted for approxi¬
mately 13%:% of the net dol.ar sales of the company and its consoli¬
dated
subsidiaries.
However, other
industries
accounted
for about
one-half of the sales of plastic products, notably safety glass interlayer sold to the glass and vitreous products industry.
Products sold
to the plastics industry include polystyrene, phenolic molding powder
and plasticizers.
. Other
large domestic customers in 1947 were the
rubber
and
petroleum industries.
The products * sold to the rubber
industry include styrene, accelerators and anti-oxidants.
The petrol¬
eum industry purchases such products as oil additives and phenol.
and
manufactured by the company
sold to many different industries.
UNDERWRITERS—The
Shirt
January—
for
This
manufacture
the
in
engaged
are
Webster,
C.
Manager of Selection.—V.
depletion
widely diversified line of chemicals.
a
products
Johnson,
Gross
in
I
and
Janney & Co
167, P. 654.
Monongahela
19, 1933,
April
1*01,
company
Henry Herman & Co
'••f :.%V
68.816,972
income,—
incorporated
6,500
1.856,707
income...
FT:m Jan. 1—
-
:
"
include
not
Delaware,
1, 1933, succeeded to all the business, assets and liabilities
Chemical
Works
which
was
incorporated
in Missouri
was
company,
Assistant Actuary, has1' been advanced
Assistant Manager of Selection,
formerly
Andrew
named
from
Prov.
This
any earnings
City plant since April 16, 1247, the date of its destruc¬
docs it include any recovery of profits through insurance.
BUSINESS—Company
We.ls,
and
,
inc.
from the Texas
Harriman
RR.—Earnings—
$6,600,554
•
railway
railway
5,738,149
5,314,040
3,259,196
' ' 594,563
3,916,4*7
does
the
2
—
tProfit
5,464,950
6,758,992
v
interests.
1947
year
has been
it was
Mr. Cruess
Selection,
of
of
167, p. 155.
.r.
5,181,270
70,646,481
net
York—Promotions.
Manager
Actuary
'
64,lit*,475
A.
been
4,869,906
82,930,028
1938
209
by Alexander E. Patterson, President.
supervise the selection department.
to
H.
National
$15,561,228
6,430,000
Hallgarten & Co
M issouri-Kansas-Texas
has
Income
87,953,660
Clement
disc.,
of
22,589
Taxes
"Income
16,665.435
—
1947
209
Net
1.940—
C.
continue
Actuary,
other
YEARS
95,339,391
1941
14.18%
$7,001,090
:
Insurance Co. of New
Feb.
on
Edward
tAfter
99,590,790
Elkins,
\
•
$119,175
28,357
premium & expense—
Wet
117,104
-J
income
long-term
Amortiz.
O-he:
'
]
exc.
ta:ts
Int.
1947—12 Mos.—1946
$640,668
—
erating expenses
.
intends to repay the $i0,000,000
$143,403,161 $25,940,996 $10,176,338
:
J.
Co.—Earnings—
Period End. Dec. 31—
CU'oss revenue
4,253,019 shs.
1948,
Company has the
CALENDAR
1,
Sept.
:
National Steel Corpi (&
Income
Sales
Julien
Mississippi
will
91,632 shs.
FOR
cents;
15
of
payments per
15 cents; and Dec. 1,
1948
operation
announced
Sales
250,000 shs.
Net
1943
of
in
Mutual Life
500,000 shs.
1951.
1
following
the
1892.
p.
Leigh Cruess, Vice-President and
appointed Vice-President and Chief
—V.
2,
1948,
company
entered
into a
loan
10 banks entitling the company to borrow
notice' up to $10,000,000 on or prior to
of
days'
received
year
167, p. 255.
FINANCING
$30,000,000
t
now offered, company
loan agreement.
terminate
and
$0.67
figures do not include ma'il revenues for the 11-months
Tulsa-Houston route, because tne Civil Aeronautics
the
—V.
Outstanding
$30,000,000
dividend—
preference stock
Bioren
97.53%
Capacity passenger miles llown;
PRESENT
interest, the loans to mature Jan. 2,
Bidd:e,
YEARS
1947
Operating
TO
right to repay such loans without premium before maturity upon five
notice.
Company borrowed $10,000,000 under such loan agree¬
ment on Jan. 30,
1948.
Promptly, after issuance of the shares of
pas¬
for a total of 8i.,^83,038 passenger
as compared
249,626 passengers and 75,070,341 passenger miles in 1946,
indicating
increase of
approximately 8.4 j% in aggregate passenger business.
sengers
to
EFFECT
March
$7,993,684
Stores
directors
tne
as
and an additional $15,000,000 on or prior to April 1,
labor,
to 6,584,336
carried
company
purposes
share
per
of $1.25 per
payable
(G. C.) Murphy Co.—January Sales Increased
days'
Smith,
increased
corporate
cents
20
both
14.
last
initial
an
166,
stock,
Month of January—
to
com¬
services.
miles
24.73%.
or
in
stock,
6,000,000 shs.
group
five
on
1, 1*43,
The
of
cember,
share
cumulative preference
the
1,
of
quarterly dividend
preierred
Sales
there¬
per
par)
LOANS—On
agreement with
the
of
shares
66.7.
p.
$57.50
par)—$4 dividend—
stock
Common
'
3
such
for
debs, clue Nov. 1, 1971—
(issuable in series)
2.65%
of
stockholders
of
June
cents.—V.
Month of
and on June
Metal Forming
redeemed
share).
per
Pref. stock
103,007,200
—V. 167, p. 155.
The
price
stock
dividend
a
regular
the
cumulative
recoi'd Feb.
of
common
declared
4
and
prior
or
to March 1,
1958, or, in
the redemption date,
into
Authorized
tion,
$
7,486,500
1.
prior
prior to
purpose
CAPITALIZATION, GIVING
The
$
iales
if
or
on
The
20
stock
5%
the
on
Feb.
on
common
holders
to
determine.
may
"Before taxes
Mercantile Stores,
share;
per
but
1*39—
Corp.—January Sales Slightly Higher-
sales
$2
thereafter
PURPOSE—The proceeds will be used to repay $10,000,000 bank loans;
balance will
be added
to
the cash funds of the company to be ex¬
1942
Melville Shoe
Month of January—
on
conversion
a
$100
1946
1948—12 Mos.—1947
dividends,
and
1, 1951, a premium of $4
or prior to March
1,'1954, a
holders
of
at
but
of
share
per
March
redeemed
redemption,
taken
be
$100
at
share
share.
per
stock
stock
to
if
premium
a
option
common
common
series
at
to
therealter
share;
per
notice
prior
or
after, a premium of $1
1947
McLellan
30
redeemed
$3
of
March
to
than
redeemed
share;
per
:
166, p. 1892.
the
share:
details follow:
Dividends,
between
difference
the
directors
The
on
6
Co., Inc.—Dividends—
Moore-Handley Hardware
issue of Feb. 9 of the offer¬
our
Further
of
dividends paid by the Fund
of 41 cents in 1947 and 50 cents in 1946 was due principally to the
fact that earning assets per share were reduced in 1947 by 18.4%
or
$2.40 per share,
due to the capital gains distribution at the end
of
1946, the report states that: "Those shareholders who elected to
receive
the
1946
capital gains distribution in additional shares of
stock rather than in cash, however, experienced virtually
no reduc¬
tion in
the dollar amount of income return this year as compared
Observing
Monday, February 16, 1948
CHRONICLE
Co.-—Offering of Preference Stock
made in
was
FINANCIAL
by Smith, Barney & Co. and associates of
250,000 shares of cumulative preference stock, series B
(no par) $4 dividend at $101 per share and dividends.
1,385,724; with the number of shareholders
increasing to 10,089 compared with 9,199 at the end of 1946.
Net
assets
value per share at the
close of 1947 was $11.54 compared
with $11.15 at the time of the Aug. 31,
1947 report, and $11.58 on
D6C.
31
1946
-V .'V"'"'
V-,>r
to
&
Monsanto Chemical
Fund—Shows Gains—
Massachusetts Investors Second
This
COMMERCIAL
Other
oper.
income
income
(net)—
43,175,180
Dr494,651
500
4,000
White, Weld & Co
6,500
The
Total
income.
Interest
deductions
2,000
Wisconsin
Co
7 ""0
1,500
Dean
Harold E. Wood & Co
500
2,00p
Wurts, Dulles & Co
6,500
Yarnall
9,306,394
10,697,361
Dividends
8,426,000
8,426,000
34,458,112
33,704,000
39,542,081
33,704,000
Balance
680,394
2,271,361
754,112
5,838,081
Net
income
500
Witter
&
Co
&
Co
2,500
1,500
—V. 167, p. 550.
.
v
Volume
107 Number 4673
n
u
THE COMMERCIAL & FINANCIAL CHRONICLE
;
-
period
V Paraffine
End. Dec. 31—
*
1947—Month—1946
^
'
1947- -12 Mos.—1946
$
s'ttf&i
.
$
'
■
lway
oper.
revenues.
15,108,737
10,256,875
j Railway
oper.
expenses.
9,844,077
7,616,942
109,373,838
9^,333,969
5,264,660
2,639,933
56,487,675
37j380,127
3,095,109
2,243,763
31,931,040
25,036,004
I,.V3'
Net
-
ry.
Railway
tax
accruals
391,167
24,556,635
12,314,123
Cr879,155Url0,694,167 Cr9,857,5&2
-
lacil.
Net
rents
ry.
Other
Total
Orll,526
Dr28,332
Drl91,757
income-
3,324,782
1,241,990
35,059,045
21,952,677
iLems
(bal.)_
income
888,155
671,157
2,130,145
170,962
2,035,736
1,959,183
appropriations—
87,688
81,394
appropriations——
200,000
fund
fund
Balance
—V.
_.
&
of
167,
25,799,621
2,071,945
35,331,897
23,727,675
1,039,289
994,266
reserve
income—.
2,000,000
3,542,732
1,877,789
32,292,608
22,733,409
436.
p.
North
3,846,944
37,367,633
165,519
debt
3,830,420
Sinking
Misc.
2,308,588
3,995,939
funded
on
American
tributions—
Co.- -Plans
Further
Portfolio
Dis-
The
company on Feb. 6 made known its plans for compliance with
the Public Utility Holding Company Act through partial distribution
to
its stockholders of common stock of the Potomac Electric
Power
Co.
and
The
to
equity
an
financing program
operating subsidiaries.
three
also announced
company
stockholders
The
each
to
of
Potomac
holders
record
of
of
of
North
market
In
record
of
price at
connection
bert
C.
Union
will
the
Missouri
expansion
While
cash
and
to
in
He
of
The
be
made
lieu
of
the
April
shares
1
for
April
on
shares
fractional
125/s
1
of
share, the approxi¬
a
Light
funds
which
be
&
will
Her¬
program,
would
Power
Kansas
Co.,
two
financing
equity
the
said
distributed
Light
need
the
to
and
Co.
for
money
years.
the SEC
that
Union
of
amount
Electric
miscellaneous
$5,000,000
said
that
cents
July
through purchase
$50 a share.
at
the board
share
a
intends
the
on
of
ent
adequate
a
sufficient
earnings
dividend,
but
:■*
convertible
author¬
equity capital
shares of Union
new
to
declare
North
166, p.
further
a
American
cash
stock
1
July
Oct.
Paraffine
The
of
floor
the
end
The
Water
1,
of
larly during
Holders
record
Spring
and
other
the year
Similar
16.
1947.
Declared—
distributions
made
were
New
faced
common
receive
change
,
v
i
stock
the
of
The
for
their
above
$2
preferred stock on
share of $2 preferred
one
above
dividend
shares, of
dividend
the
on
$2
for
preferred
$2
a
basis
stock,
preferred
stock
common
the
on
the
close
of
business Feb.
whole
into
of
$2
two
will
stock
shares
be
entitled
the
upon
preferred
stock
will
floor
167,
be
1949.
full
a
line
of
roofing
and 85';^ magnesia and high
Upon completion this Spring of a
materials. ■'
struction
Redwood
at
will
terials
trademark,
paints
added
be
City,
to
materials,
temperature
plant
new
full
as
asbestos-cement
This
plant
lines.
the
undertaken
to
meet
of
the
company's " products
has
exceeded
its
manufacturing
capacity.
The new facilities are expected to produce merchandise
ill, sufficient quantities to correct this situation.
Upon reconversion the company's postwar operations have been at
capacity and have established d succession of new operating records.
,
fiscal
The
and
current
fiscal
to
31,
Dec.
of
to
year
$27,961,000
June
1947
1947
30,
profits
net
year
at
are
reported
was
record
a
with
one
sales
of
of $3,241,000.
The operations in
the
all-time high with the six months' sales
an
$15,516,000 which resulted in
at
net
to
addition
the
outstanding
the Paraffine Companies, Inc.
convertible preferred stock in the
After the recently authorized split
financing,
new
cumulative
4%
amount
of
of 3
1, there will be outstanding 1,473,039 shares of common stock.
for
$2,380,400
value.
par
INCOME
CONSOLIDATED
STATEMENT
MONTHS
6
DEC.
ENDED
Profit
after charges
Federal taxes
1946
$261,256
177,450
Net
profit
quarter ended
$1,883,033
$1,530,625
$83,806
$3.74
pay
share;
per
for like
less
in
$3.02
$0.08
1945,
1946
local
in
in
Cash
in
S.
Est.
and
Wholly-Owned
Domestic
of
Fed.
rebates
renegotiation
taxes
this
for
the
to wage
increased
of
rate
$300,
taxes
Stockholders
the
This
Jan.
on
the United States and
first five
months of
the
At
mendous
i
opened
time,
same
increase
to
While
trade
in
>
,
;
air
freight
previous year.
The
total
the
Jan,
in
both
directions
the
of
peace
when
treaty,
probably
is
next
created
was
of
the
stock
70
years
leased
of
assumed
sinking
general
be
fund,
obligations
voted
and
air
/
express
*';
,
the greatest
well
ran
increase
ahead
of
during
totals
1947,
for
the
•
freight
and
report
for
which
the
the
Annual
to
as
the
gradual
/•peak
together
than
more
ference
loads
on
of
in the
Orient
flights
of
be
to
through November; Mr.
Mariner explained,
with
in
November
when
the
airline
hauled - hundreds
of
gift packages between the two continents.—V. 167, p. 49;
volume
Christmas
166,
p.' 1791.
preceding years, urges the passage
to clarify the
legality of the con¬
freight rates, and enactment of the
Unemployment Insurance
RESULTS
FOR
CALENDAR
revenues
expenses
903,268,089
______
789,877
:___
541
7,932,603
revenues
7*6,331,185 152,505.98)*
113,390,548
—
43,196,863
54,340,01'*
43,420,210
operating- income_
eqp. and jt. facil. rents—.
or
railway
Non-operating
33,134,322
98,165,9G'<
1
11,109,137
7,217,098
10,985,42(1
87,180,539
53,632,561
25,917,224
44,929,441
42,990,62;*
85.943,634
70.846,665
130.171,161
78,658,509
79,376.982
81,162,92:1
7,285,125
oper. -income___
■-••8,530,317
49,008,239
-
32,311,073
income
7,995,224
Gross
227,334
Fixed
$29,938,052 $28,652,778
Net
271,039
income
charges
__-
-
STATEMENT OF INCOME,
of Realized
and
investments in
1947,
Gains
Losses
or
taxes
taxes
OF
:
AND
$3,562
LIABILITIES,
DEC.
31,
payable—Jan.
10,
1948,
$1,931; accrued
Service Co.—Invitation for Bids for Pur¬
chase of Bonds—
...
*
•
company
is inviting
of $10,000,000 first
sealed,
written
bids
for
the
purchase
mortgage bonds, series due 1978.
Such
bids are to be presented to the company at Room
1600, 70 Pipe Street,
New York 5, N. ;Y;, before 11:30 a.m. (EST) on Feb. 18.—V.
167, p. 49.-
The company
nas called for redemption
the. sinking
due
National
fund,
1013/8
at
1961,
Int.
of
Bank
York, N. Y.—V.
$148,000
and
the
of
interest.
City
167, p.
on
April 1, next, for account
bonds,
series
mortgage
Payment
New
of
550.
first
York,
will
be /made
trustee,
11
The
at
Chase
Broadway,
formerly of New York City, has been appointed
Advertising and Sales Promotion Manager, it was announced by Col.
Walter F. Siegmund, General Sales Manager.
San
Reeves, and Sound Masters.
He will make his
Olin offices in East Alton, HI.—V. 166, p. 2562;
headquarters
at
The, common stockholders of record Feb.
the right to subscribe on or before April 9,
share
and
of
510,597
5,313.009
common
the
stock
approval
the Securities
and
for
of
each
the
ten
shares
California
Exchange
27,
1948
for
held
at
w.ill
one
$25
Public Utilities
Commission.—V.
in
road
97,211
1,683,319
258,475
3,331,884
144,056
1,728,675
amort,
$1,028,730 $11,647,361
4,103
_
$1,154,694
385,975
$1,032,833 $11,753,742 $11,577,975
367,285
4,573,076
4,552,862
167,
p.
be
given
additional
per share,
Commission
655.
L.
$768,719
stock for the
$665,548
$7,180,666
period—
1,980,000
1,980,000
$5,045,113
that
expected
the
to, recognize
important
cases
During
ICC and the various'State Commissions
will con¬
the justification of, and necessity for, action on
the
now
the
early
to
pending."
operate
the preceding
later
months
at
but
year,
months."
a
This
of
%
*
,
' ■'*
the
had
1947,
% r
report
states,
the
improving
control
"increased
The net
income
income
$8,530,317
income
in
of
for
turn
the
better
is
attributed
to
Capital stock
to
available
for
the
amount
was
for
1947
1946,
the
was
the
first
in
the
compared
company's
with
a
deficit
history, and with
V
•;
Funded
5,624,544
3,493.287
companies-
3.279.891
672,908,658
667,417,385
65,669,384
60,944.257
253,627,517
245,843,256
171,879,499
2
162,439,760
17,363,899
11,449,362
2,180,349,020)
Other
(par $50)!
Mortgages
Pennsylvania
of
acquired
debt
stock
trust
and
10,148,229
524,485,270
526,762,679
3,578,000
RR.
comp.
3,578.000
assumed
obligations
ground
___
7,819,000
certificates
and other funds, and
affiliated companies, "there remained a
balance,
of 82,602.369 from the 1947 net income.
credited to profit and loss, and the dividend of
1%,
in
uncertainties of-
the
account.
and amounting to $6,583,877
The dividend
the
was
outlook, it
limited
was
the
company's cash.
small profit earned last
to
1%
,
86,909,009
166,768,583
rents payable____
1!—_2_
5,533,009
100,917,000
174,767
___-
137,347,110
liabilities
even
though
174.767
1,387,393
and affiliated companies—constr.__
Accrued
depreciation—leased
property
Unadjusted credits
z
1,125,523:
1,049,040
851,455
117,001,491
108,629,231
24,051,950
22,146,078
Additons to prop. & funded debt retired
through income and surplus
Sinking and miscellaneous fund res.__—
257,049,128
256,037.728
154,803,459
148,068,572
Profit
187,820,878
206,830,966
2,220,597,888
2,180,349,028
Surplus:
^
loss
and
Total
.EARNINGS
FOR
DECEMBER
rtpppmhpv
Gross from
Net
from
Net
ry.
1Q47
AND
YEAR
1 Q4fi
TO
DATE
1Q4"i
*
railway__ $76,770,690 $66,667,791 $64,300,576
railway
7.069,904
312,548
income—
oper.
5,071,990
1044
$78,097,965
*39,048,146
17.625,503
Gross
from
717,747 *14,530,667
7,3.97,918
Net
from
Net
ry.
railway— 903.268.089 822.007,585 936,453,411 1,010,015,912
railway
oper.
113.390.548
income..
-'^Deficit.—V.
167,
p.
32,311,073
76.331,185
152.505.980
25,917,224
87,180,539
273.697,167
108,972,066
655.
was
because,
deemed advisable
to
.V *•
3rear,
7,819,009
5,156,000
From Jan. 1—
dividends,
year,
658,387,700
from
assumed
trust-
liabilities
Deferred
658,387,700
stock
capital
10,148,229
of
debt
funded
Current
on
1909
debt
Funded
a
r
of" sinking
leased and
same
The
in
as
1945.
share, paid during the
view of
$7,285,125,
requirements
charged to the
conserve
1,000,479
5,080,5841
8,857,547
property
affiliated
realized
1,
improve¬
continued heavy volume of business, a
consistently
over
expenses, a gradual increasing of rates, and
from certain investments."
'
%'
$49,008,238
meeting
railroad
loss, as it
done throughout the whole
"these adverse results were partly overcome
ments in operations,
a
1,017.269,519
6,071,559
Leased
the
50c
1,020,721,068
res.
2,220,597,888
Equipment
increases in
progress has been made," he says,
"in demonstrating
regulatory bodies the need for advances in freight rates and
passenger fares to meet the increased costs, and. it is
confidently
or
fund
funds—.
reserve
physical
in
sink,
Total
and
"Substantial
This
Cr69,340,737
debits
Guaranteed
After
1,645,192,219
Cr558,581,9G3
Cr70,093,870
470
mtg.
other
assets
disappointing, due to the lag between, advancing
future.
net
1,660,001,352
Cr569,186,414
projects
assets
Premium
rates, President M. W. Clement,
in the company's 101st annual
report, nevertheless lays
before the stockholders a more hopeful view for the
of
151,085,623
Cr2,664,7Gl
LIABILITIES—
256.
p.
Pennsylvania RR.—Annual Report—While the finan¬
tinue
property
equip
investments
Deferred
1.496,771,299
151,034,173
$7,025,113
cial results of the Pennsylvania RR.'s
operations in 1947
costs
and
defense
Cons.
and
Investments
Current
•
$
Cr2,677,828
funds
Miscellaneous
98,199
$5,200,666
167,
were
of
1946
,'
*
in
P.C.C.&St.
$11,479,776
106,381
31
1,511.645,007
transp. prop, less recorded
depreciation and amortization—
Sinking
$1,146,819
pfa.
property__
property
transportation
aeprec.—road
Invest,
1,728,675
7,875
to
in
Accrued
3,033,861
144,056
met—
applicable
equip.
grants
Accrued
1,711,049
charges
other
&
leased
on
and
5,473,293
152,453
(net)
advances
1948
$3.73
:
Investment
Jan.
the-
Pacific Gas & Electric Co.—Rights to Stockholders^—
subject to
1947—12 Mos.—1946
Balance
Mr. Cronin,
and
well' known in the advertising agency field in New York
Francisco,
was
formerly
with
McCann-Erickson,
Knox-
12,407,851
Nil
.
Donations
438,382
revenues
in
Cron'n,
'MO,850,516
$0.20
above-_
$
Investments:
Co.- —Earnings—
121,553
of
Advertising Manager-
inev
1947
$4,869,397 $58,657,512 $53,452,499
2,830,328
34,953,264
30,025,845
3,502,383
adjustm'ts
income
and
continued
Olin Industries, Inc.—New
Christian
$5,505,646
taxes
Ne.t income
New
•
2,602,369
prof." & loss
net
on
11.308,020
electric plant
of
income
Divs.
to
Gas Co.—Partial Redemption—
13,167,751
12,529,482
ex¬
Ohio Public
of
of
32,919,385
13,167,754
GENERAL BALANCE SHEET DEC.
reserve
Oklahoma Natural
shr.
Unadjusted
for Federal income taxes, $82; net assets- applic¬
15,511 shares of outstanding capital stock, $215,181; net asset
value per share, $13.—V. 166, p. 57.
it
to credit
per
3,680,999
19,751,631
"Deficit.
Other
-V.
LIABILITIES—Dividend
Light
&
1947—Month—1946
—:
oper.
Other
1947
assets, $217,514.
The
11,308,020
13,628,387
822
__
ASSETS—Cash in bank—On demand deposit, $18,445; investments in
securities—At market, $197,701; dividends and accrued interest receiv¬
able, $1,326;
accrued interest paid on bonds purchased, $42;
total
from
Earn,
2,320,199
2,602,369
50—.—
(par
2,380,400
Capital
Net
1
ASSETS
Power
—_—__
acquisition
Gross
STATEMENT
4,682,756
13,167,754
%
^
stock
cap.
Investment
excl.
exps.,
on
$4,385
;
:
Net income for period
$318;
85,260
870,216
2,380,400
sinking fund and other
etc.
of
Transf.
$29,938,052 $28,652,778
Amort,
1947
Unrealized
securities
expenses-
penses,
able to
95,983
928,649
Depreciation
Investments in Securities)
Income from
\
Shares
23,804
-
to
:
-
Dividends'
655.
Period End. Dec. 31—
Other
PERIOD JULY 1,
THROUGH DEC. 31,
(Exclusive
Total
200,687
23,804
Total
Oper:
Oglethorpe Fund, Inc.—Earnings—
\
income
funds,
$1,254,909
249,312
— —
1945
822,007,585 936,453,411.
745,676,400 783,947,431
69,970,338
Net
7,910.636
1
$1,323,496
___
tho
YEARS
1946
ASSETS—
Federal
any
proposal
Philadelphia.
Amendments to
Hire,
60,011
—
Operating revenues
of
The
In
laws.
and
OPERATING
99,680
•_
payable—___—
;
reduction
held
two
determining
Retirement
Approps.
cumul. cony. prex. stock ($100 pari
Common stock
«491,013 no par shares)
Earned surplus \
Pennsylvania
Penn¬
pending bills to lessen the burdens of the Crosser
1
Miscellaneous -taxes
in
possible
the
Under
Bill
as
the
method
Improvements
"its
make
to
Railroad
$1,000,000;
cargo
reduc¬
6,281,563
9,208,531
_—
exceeded
doubled
net
a
liable.
is
company
Taxes
119,695
4%
months
increased.,
which
obligations.
Meeting
Bulwinkle
again,
Congress
305,000
preferred stock
pi
taxe*
and
11.
The
air freight
express
Northwest
successive
_.
Dividend payably on
167,
retirement
rate
30, '47
6,457,251
market—'
payable/ trade and miscellaneous
Accrued"'wages, commissions, etc
-V.
busi¬
largely
ago,
lines,
guaranty
a
available
for
at
upon
Operating
60,011
or
•
Reserves——'—
-
showed
other
advances.
Railway
Accounts
Japan
ors
Tho
3,547,097
and
LIABILITIES—
the
tre¬
a
5%%.,
1947.
these
of
the
under
1„
which
1%
higher
$30,012,281
to
informed that it is proposed to modify the
regula¬
the administration of the fund known as the "Trust of
has
RR.
financial
Net
goodwill—_—
and deferred chaiges
expenses
with
to
taxes,
present
conditions, it is1 desirable to broaden the scope of the regulation*
governing the fund's administration, so that it can also operate as
$2,226,232
___!
Total
between
reached $378,181 last year, With Alaska and
Orient accounting for more than one-third."
Air express income
$636,908, more than $100,000 over the 1946 figure.
Revenue from
was
V.
in
signing
cargo
,
..
Income from
the
v
the
*
domestic
volume
cargo
W.
shipments
with
international
air
Orient increased approximately 810%'
company's international operation.
Mariner, director of cargo, foresaw
J.
Summer.
that
the
the
'
•
disclosed
28
1946"
are
iund
acquisition
sylvania
and
income
on
-
Prepaid
corporation
5.35%
and
3Va%
effective
compares
purposes.
payroll
from
/ .Northwest Airlines, Inc.—^Air Cargo Volurhe Higher-—
The
and
1947
15.5%.
or
1878."
139,513
—
trademarks
1.13%,
railroad's
1943,
in
amounted
year
Retirement
reflecting both
$10,543,790,
tions governing
3,306,107
Expense-advances to and accounts of employees
Investments, etc.
_i—_•_
1—_
Property; plant, and equipment, at cost (net)
Patents,
tho
over
was
the
in
in
earned
1947'
$2,443,270
securities, at cost..
and accounts receivables (less reserves—
refunds
and
public, of $171,During 1947, $25,995,000 of new equipment trust,
obligations were issued, which were partially offset by payment of
maturities, sinking fund operations and acquisition of company and
system obligations, so that the net increase for the year, of system
debt held by the public, was only $7,690,572.
Subsidiary)
Govt,
net
increases
wages
income,
lowest
4.62%
returns
SHEET
hand______
on
the
the nine-years, 1939 through 1947, there has been
the funded debt of the system, held
by the
in
819,816,
$1,020,790
$2.04
Dec. 31, '47 June
banks
in
investment
operating
1946,
1944,
in
low
excess
that
out
due
Over
tion
not
Operating
(Including
"enormous
advances
property
railway
share.
i
a
proper
maintenance
deferred
the
successive
company's
1%
3.92%
31,
CONSOLIDATED BALANCE
it compared with
Pennsylvania
Y.
a
••
"li
madl
stockholders
the
offset
to
and
net
abnormally
for identical
increased
1947, net profit was $1,073,515 or $2.14
quarter, net profit was $895,685 or $1.78 a
Dec.
its
of
have
years.'
the
on
by
wages
payrolls
1,457,684
(est;—__
— ____
stockholders.
could
$2,478,474
923,523
paid
part
needed
large
than
points
May
$2,454,148
928,643
up
the
company
level."
rate
report
31
$2,811,676
have
to
recent
measured
"The
monthly
1944
1945
the
with
as
3.09%
the
will
_
informs
your
.V...
rates
to
Federal, State and
profits
$1,883,000.
In
have
only
after
carry-back of $5,395,000.
provisions of the Crosser Act,
most
,
year,
1942.
in
ma¬
now
effect,
most,
the report, "epitomize clearly the inevitable result of continuing
increases in the cost of doing business without an
adequate increase
con¬
plant is at Emeryville, Calif., on San Francisco
undergoing a
large expansion, program,
the * current demand.
Since
1946,
demand for
; is
Clement
In
made
during
earned
compared
in
The company's main
Bay.
hi
made
company's
your
realized. Mr. Clement ascribes to the inability
regulatory bodies sufficiently prompt authorizations
in
due
return
history,
gypsum
building
investments
of
says
insulation
under
from
one
not
the
costs
nesses
California,
Inventories, at lower of cost
paid
436.
p.
The
Companies, Inc., in addition to floor coverings, produce,
Pabco-
not,
been'
desired."
advances
expenses"
in
coverings.
the
products,
ex-
stock.
not
be
to
the
for
year-around
a
ASSETS—
the close of business Dec.
31, 1947 and
1948, through the consolidation of scrip
16,
shares.—V.
of
expected
been
have
was
from
material
regu¬
oh-whole shares issued between
certificated
end
is
It
to
now
this
obtain
in
linoleums
of
plant,
Jersey
The Paraffin
Notes
to
the
coverings.
line
Lilleston, floor covering manager.
Upon completion of the New Jersey plant, the Paraffin Companies,
Inc., will become the nation's third largest producer of smooth sur¬
U.
of
by
floor
complete
a
J.
1947,
into
manufacture
to
surface
smooth
provide
formerly authorized common stock of this corporation
which, under the terms of the merger agreement consummated Sept. 11,
converted
plant
a
income
have
President
years,"
had
rates
service
That
to
under the management of Irvin Hovgaard,
employment for approximately 500 skilled
workers. -The sales department will be under the direction of Horace
"
.
of
,
Earnings per com. share
Divs.
of
was
of
operation
The
will
the
of
2213.
Co.—Preferred
Feb.
war.
recently acquired 26 acres of unimproved land in
Township, N. J., and will start construction on the site
this
payable March
holders
the
company
Raritari
full
Companies, Inc., the largest Pacific Coast producer
and building materials, is the only West Coast
a
major plant expansion in the East since
by
directors on Feb. 6 declared the usual
quarterly dividend of $1
per share on the $4 prior preferred stock and the regular semi-annual
dividend of $1 per share on the $2 preferred stock, both
to
of
of
result
should
brought about by the war and to have set aside reasonable funds fov
improvements to plant and equipment, so essential to provide the
typo
undertake
to
the
1947
year
satisfactory
coverings
industrial
largely
was
past.
"Tnis
1.
shares
common
divi¬
Oct.
on
and
The
1
the
south of New York City.
For
Northeastern
for the preceding year, is. pictured in the report as
particularly
unsatisfactory, in view of the tremendous volume of peacetime busi¬
handled and the general prosperity of the
country, labor, agricul¬
ture and industry.
The harrow margin of profit shown, the repori
ness
^lantexpartSion on the Pacific Coast and provide
new floor covering plant that will be built 35 miles
1947
other
Electric Power Co.—V.
of
100,000
portfolio securities on
distribution
will be
made
in
1
assets,
already had been asked for
with
future,
25
Wisconsin
three
will
In
2.
Missouri,
next
added
distribute
to
&
the
common
also
dend
and
He
near
Electric
of
also
$20,000,000
of
reasonable
a
provide
the
$20,000,-
on
financing plans in connection with the expansion
reported, Mr. Freeman said the company will conserve
were
into cash.
ity
state's,
detailed
no
program
the
Co.
Power
during
basis
It
on
the basis of
on
payable
2.
be
March
President,
Electric
dividend
the time of the declaration.
with
Freeman,
the
$12,500,000 153V4% sinking fund notes which, added to the funds
already budgeted by the company, will finance its pres¬
■
American.
Potomac, cash will be paid
mate
raise approximately
to
25-cent
a
March
distribution
shares
100
Mutual Life Insurance Co. of New York,
under
,
.
000 for
9
loss
Dr219,028
income
Interest
Net
(net)—_
oper.
inc.
Companies, Inc.—Notes Placed Privately—'
Dean.WitteY & Co., it was announced Feb. 9, have placed
privately with .Metropolitan Life Insurance Co., and
year
revenues
Railway oper. income2,169,551
Equip, rents (.net1')—
Crl,166,757
Jt.
165,861,514 129,714,096
V
oper.
"(749)
—
Norfolk
■
F.
Hardcastle,
been elected
a
Salt Mfg. Co.—New Director—
Vice-President in charge
167, p. 655.
of
director.—V.
/
manufacturing,
has
10
in
Stores
$3,518,657
—
$3,586,052
134
—136
—
.____
1947
—V. 167, p. 291.
shares, of
Ry.—Earnings-
Eastern
&
Agent—Central Trust Co., Lansing, Mich.
expenses
_
Net
ry.
Total
Fixed
t$153,793
10,529
$184,404
45,561
t$254,818
40,446
t$143,264
1,970
56,173
$229,965
8,640
221,223
t$214,372
2,203
____
charges
Net
62,079
income
"Inch
Fed,
inc.
R.
A.
8,036
225,149
t$201,407
$102
t$447,557
7,500
0165,600
10,457
'(>292,399
taxes
167, p.
Peruvian
Lt. Gen.
207,656
$39,463
tDeficit.—V.
D.
58,414
$103,745
J
deductions
t$26,584
20,578
317,851
277,846
_
income
Miscell.
$780,101
t$18I,527
086,148
income
oper.
1,040,519
$4,156,13<k
4,182,714
$92,600
11,145
Railway tax accruals—
Equip. & joint fac. rents
Other income
$5,360,213
4,580,112
$236,823
56,121
88,102,
Net rev. from ry. oper.
11
•'>
$858,992
$1,427,658
1,190,835
revenues
Operating
1947—12 Mos.—1946
1947—3 Mos.—1946
Period End. Dec. 31—.
Operating
HISTORY
472.
International
Walker has
been
Airways, Lima, Peru—Pres.—
President and Manager,
named
succeeding
BUSINESS—Corporation
&
3148.
'
,
.
•
,
^
(
use.
The
Brewing
directors
have
Detroit—Dividend
Co.,
declared
of
dividend
a
Increased—
cents
35
share
per
Philadelphia Electric
Purchase of BondsBids for the
bonds,
series
conference
(EST)
on
to
for
Invitation
Co.
Bids
for
1978,
be
will
received
Sansom
room,
900
Feb. 17,
St.,
by
the
Philadelphia
5,
the main
at
company
Pa.,
Noon
to
up
The
electric
week
of
ended
—V.
167,
output
Feb.
10,193,000
7,
this
of
over
its
and
company
amounted
7.2%,
or
subsidiaries' for the
kwh., an increase
152,555,000
to
corresponding
the
week
in
1947.
655.
p.
reports
Pierpont V. Davis has resigned as
director.—V. 165, p. 2803.
a
Philadelphia Suburban Transportation Co.—Earnings
Calendar Years—
1947
$3,623,266
Gross revenue—
Operating
$3,636,060
2,022,233 : ' 1,905,103
657,005
587,153
expense
Maintenance
——
_.
"
Operating taxes
Depreciation
Other
1946
142,265
168,116
158,386
134,947
3,319
5,170
$640,056
$835,570
.144,973
130,075
charges
Net
earnings
Other
;
income—_
...Total
Debt
income
gross
charges
discount
Income
:
and
$402,805
$474,174
Per
sales
Net
the period ;
Net income for
The
had
company
of
as
11,250
—
11,250
stock——
96,000
6,827
23,359
Operating
stock,
Common
$20,000;
—V.
167,
$1.
—V.
$378,924
.-I- i.. •
:•
•'
Statement—
Operating
Procter
6
Operating
for
Res.
value
par
the
"Revised
Debt
for
of
the
Gross
80,974
Income
and
1,009
1,029
taxes
—V.
income
to
surplus
$106,666
$104,159
Pittsburgh
share
$3.15
comparative
166,
Corp.
Develops
—
New Pipe
L
pipe
insulation
this
Sales
corporation,
Manager.
"The
it
that
be
can
announced
was
for
used
on
Jan.
both
31
by
hot
H.
and
R.
cold
Haynes.
required,
annual
an
basis,
is
less 'than
other
insulations,"
according
to
Mr.
Haynes.—V. 167, p. 157.
Period End. Dec. 31—
1947—Month—1946
Ry.
oper.
revenues—.
$3,586,485
Provision
for
(other
Taxes
Provision
Other
Ry.
oper.
expenses—__
2,619,781
for
"Ry.
tax
$966,704
861,402
accruals
company
Fuel
Net
ry.
Other
0704,217
Income.
$272,224
$7,476,516
745,267
$1,392,537
187,836
$473,188
$8,221,783
$3,671,911
1,545,800
031,177
3,883
0492,966
<:■>,
3,605
$1,200,818
deductions
Total
fixed
$962,549
$6,634,479
$3,930,099
charges
income-!—
Federal
tCredit in
1946
401,105
41,504
41,742
$3,661,346.
in¬
taxes
due
and $698,142 in year.
to
The
moneys
$424,308
carry-back adjustment, $370,336 in December
$Deficit.—V. 167, p. 50.
foreign
sub¬
company
has
called
in
the
fixed
now
Broad
in
will vote Feb. 24 on a proposal to increase the
600,000 $5 par common shares.
The management
plans for issuing the additional stock.
Edwards, President,
said the tonnage of products pro¬
F,
last year was about 50% greater than in
improvement during the current year.
during the year, he reported.
shipped
and
indication
no
of
in the demand for textile ma¬
slackening
a
167,, p.
Louis Brownsville
St.
.
ry.
Ry.-r-Earning&—
1
1944
"
1947
1946
1945
$1,754,048
$1,298,164
railway__—-
from
Net
& Mexico
at least for
163, p. 1034.
railway—
549,472
209,831
income—
294,906
41,466
$1,359,939
*1,042,310
' *317,764
$1,700,920
730,882
202,011
17,321,866
15.416,816
17,568,660
4,850,200
3.825.432
5,811,552
19,372,666
9,036,957
2,508,319
1,430,401
1,684,814
1,951,311
from
Net
"As yet
increased
orders
December—
Gross
1946 and
show further
is
there
company $750,000
656.
^
Pueblo
t
(& Subs.)—Earnings—
oper.
.
Net
$28,569,375 $25,137,452
14,021,344 11,029,195
1,577,444
1,284,378
1,658,675
1,693,567
2,355,256
2,059,553
—__
income)
income
s.
taxes
—
$7,056,059
2,695,382
for
„
dividends
Total
.
Balance available
—V.
preferred stock
for common
stock dividends
$4,091,021
expenses—
oper.
oper. income-—
income
-
ry.
Other
$4,489,406
398,385
$3,962,832
Total
income
avail,
Bal.
income.
from
Deducts,
A.
record
on
capital
Public
which
is
Indiana
Service
Co.,
Feb.
Service
Water
&
is
Indiana
Co.
l/20th of a share of
of
for
each, share
be distributed March
to
Public
14.
of
stock
rate
the
at
Gas
Service
Gas
common
&
stock
Co.
now
Water
now
of
l
stock
profits taxes
63%
over
the
reduce
Net
of
outstanding,
the
ry.
railway—
from
1,513,415
12,560
96,656,712
86,362,270
84,741,533
*8,760,721
53,719
11,186,422
13,744,338
561,836
636,235
8,814,440
11,748,258
362,527
14,380,573
3,865
52,573
'
1,500,855
8,810,575 11,385,731 14^328,000
for estimated refund of Federal income
account carry-backs.
from
Net
ry.
dis¬
—V.
$10,196,577
2,723,236
1946
$7,869,581
1,205,340
1945
$7,664,086
1,477,762
1944
$9,531,363
2,612,776
1,338,344
8,727,805
1,069,830
1,439,531
91 921.319
111.676,428
115 982,818
10,943,013
10,373,298
13,394,662
28,649,281
15,104,808
36 3,06,976
17 356,113
1—
Jan,
railway
from
Net
March
$
6,999,524
104.157.852
21,814,007
income-
oper.
From
Gross
the
percentage to approximately 54%.
Distributions of l/20th of a share of Indiana Gas & Water
were
made on each Public Service common
share during 1947.
will
Net
of the
basis of
78,813
1947
railway—
from
Gross
to shareholders of
owns
and; on
1947—12 Mos.—1946
8,308,921 110,018,734
EARNINGS OF COMPANY ONLY
the capital
common
10,755,622
7,829,710
1,434,602
December—
Gallagher,
of
Earnings—
$
$7,825,000 credit
Inc.—Dividend in Stk.
President, on Jan. 30 announced the fifth quar¬
terly distribution of capital stock of Indiana Gas & Water Co., Inc.,
to the common shareholders of Public Service of Indiana, Inc.
This
R.
System
1947—Month—1946
fixed
for
charges
"Includes
167, p. 551.
Public Service Co. of Indiana,
474.
revenues
oper.
Total
1,970,844
$4,536,113
573,281
.
on
p.
$
$6,460,251
charges-
167'.
St. Louis-San Francisco Ry.
195,941
$7,231,496
-
income—
oper.
Period End. Dec. 31—
$6,264,309
175,436
revenue
railway
from
ry.
"Deficit.—V.
2,806,447
1,900,595
—
railway—
from
Gross
Net
1946
1947
repairs
than
etc.,
railway
income—
oper.
:
551.
167, p.
this
quarterly dividend of 87Vi cents per share on the
cumulative preferred stock was
also declared, payable March
holders of record Feb. 14.—V. 167, p. 656.
usual
■
Public Service Co. of New Hampshire-
stock
.•
St. Louis Southwestern
Period End. Dec. 31—
-3xk%
1 to
■'
Railway
Z V •••;•/\
Ry.—Earnings—
1947—Month—1946
*•'
$
IjJj
1947—12 Mos.- -1946
.1,
j ,<j>
.
5,412,763
3,165j058
4,270,309
2,749,059
54,642,987
33,316,140
46, 646,702
32, 640,969
2,247)705
117,293
1,521,250
21,326,847
14,005,733
taxes
54,863
1,131,713
967,270
taxes.—_
1,402,974
366,230
2,463,634
163,451
115,695
6,395,719
1,879,511
563,985
43,222
984,462
11.919,904
43,397
509,953
9,147,134
/.,386,739
revenues
oner,
Railway
Redemption—
for
redemption
sinking
fund,
bonds, due Sept.
at
the
/
*
-
March 1, next, out of
of collateral trust
1961, at 100 and interest.
Manufacturers
p.
Trust
954.
Co.,
trustee,
Net
oper.
State,
Fed.
rev.
expenses-
for
Deducts,
company's
on
Feb. 6 filed a registration statement
construction
program.
Ry.
Other
city
&
co.
Other
company
from ry. oper.
income
with the SEC
covering 199,627 shares ($10 par) common stock, of which 141,101
shares will be purchased by the underwriters from the New England
Public
Service
Co.
Underwriters
are
Kidder,
Peabody & Co. and
Blyth & Co,, Inc., New York.
The stock will be offered present holders
at rate of one share for each 3'/2 shares held.
Proceeds will be used
The
Fed.
taxes
income
income
oper.
ry.
oper,
from
1,427,695
1,027,859
12,429,857
9,533,873
182,835
2,550,384
2,201,692
341,895
845,024
9,879,473
7,332,181
18.404
39,590
282,960
376,030
884,614
10,162,433
258.973
263,381
2,938,694
7,708,211
3,042,543
101,326
inc.—_
ry.
607,207
265,312
Total ry. oper.
income
621,233
7,223,739
4,665,668
oper.
—
Output Shows Increase—
the
$435,000
1,
Street, New York, N. Y.—V. 166,
on
•
-Registers With
sec—
the
increased
Co.—Partial
15-year sinking fund 4%
Payment will
be
made
in 1946 to 92.9%
it has no present
Unfilled
Power Co. (both sub¬
planning the sale
&
of bonds, the
$1,250,000.-r-V.
replacements
income
For
Pittston
from 70.3%
$3,270,806
200,964
$611,135tO$547,723
Misc.
come
0524,048 07,556,536 06,956,973
$809,519
Total income
"Includes
$6,795,861 $$1,096,495
6,875,881
2,589,672
583,018
oper.
income
Net
$$630,991
0379,167
rose
stockholders
should
reported
are
income
Provision
The
Equipment and joint fa¬
cility rents
$2.53
Shops—To Increase Stock—
Saco-Lowell
The
Net
tribution
Net rev. from ry. oper.
55
Light,
Colo.)
of
Service
income
Public
1947—12 Mos.—1946
$5.17
9,543,443
authorized stock by
Co.—Proposed Financing—
Cheyenne
revenues
operating
stock
$2,253,636 $38,077,699 $27,903,378
2,884,627
31,281,838
28,999,873
31,400,000
16,033,468
chinery and the outlook for new business continued good,
the first half of the current year," Mr. Edwards stated.—V.
$2,000,000
some
all
includes
and
purposes
expenses———
dividend,
Pittsburgh & Lake Erie RR.—Earnings—
41,530,396
17,100,000
replacements.
and excess
insulation, of cellular glass construction, is the ideal pipe
processing industries where exact temperature control is
wherever heat is to be retained or excluded.
Its cost, on
26,643,443
9,000,000
share-
new
protector for
25,033,468
23,250,000
Republic's rate of operation
167, p. 473.
In¬
SL indoors and outdoors, is the new Foamglas insulation developed
by
54,268,409
31,018,409
com.
per
property
2107.
p.
and
operating
Interest,
Corning
1944
1945
1946
10,130,296
$1.36
$1.44
Supplementing
the regular depreciation charges, the corporation
provided an additional charge of $4,000,000 to meet excess cost of
$2.65
Public Service Co. of Colorado
Net
first
taxes—
income
duced
12 Mos. Ended Dec. 31—
Gross
The
profits
Earned
166, p. 2214.
sulation—
656.
Subs.)—Earnings-
From Jan. 1—
Net
Net
The
1947
profit before taxes_
for Fed. inc. and
Net
42,080
expense
the company since its
management, sharing
office of Executive Vice-
of
President
Mr.
649,824,006 415,749,805 500.815,000 531,235,000
'
excess
6,410,000
Cheyenne
Operating
$228,242
been
has
has
Prov.
stated
6,410,000
Public
of
36,000
53,872
discount
,___
outstanding
company
27.043
27,448
has
with
sales
1947
"1946
$77,107,421 $50,402,176
28,350,000
18,794,000
28,500,000
14,500,000
_
Pueblo Gas & Fuel
privately
$188,996
who
Net
Subs.)—Earnings—
(&
price decline
sidiaries.—V.
26,475
!
earnings
charges
Marshall,
Net
$20,257,421 $17,108,176
charges-.
Maintenance and
Net
Co.
Gamble
shares
164,997
Interest
succeeding
the board.
President,
Executive Vice-President,
Laurence K. Marshall, who
formerly
Jr.,
Adams,
Francis
Republic Steel Corp. (&
435,434
"II "II
157,544
28,417,487 282,158,728 295,921,473
Adams.
President remains vacant.—V. 167, p.
Inc.—Banks Finance Large In¬
profit
$891,718
•
1,214,376
117,039
27,880,872
responsibilities
David
Net
Common
36,000
_III_I__II
;
1,184,560
28,559
founding in 1922, will retain an active part in the
Outstanding
100,244 shs.
Authorized
250,000 shs.
foreign income taxes
inv.
175,956
taxes—
111,193
49,329
Calendar Years—
&
after
463,989
Depreciation
109,202
291.
p.
elected
Mr.
PRESENT OFFERING
TO
EFFECT
GIVING
Months Ended Dec. 31—
Profit
$891,418
expense
26,588,200 259,111,608 276,622,103
.1,689,535
21,745,521
17,927,450
on
been elected Chairman of
194G
Maintenance
25,576,902
2,145,439
„
discount
1947.—V.
1947
Gross revenue
5,685,036
5,772,922
577,110
28,417,487 282,158,728 295,921,473
Raytheon Mfg. Co.—New President—
delivered 11,511 freight cars to railroads in 1947,
John I. Snyder, Chairman of the board, disclosed on Jan. 29.
He said "that several of the country's major banks have been and
are
continuing to provide the company with the funds necessary to
carry
the large inventories now required for car building.
"Inven¬
tories are proportionately much heavier than in pre-war years," he
added, "and their financing is important in view of the nation's and
Europe's urgent need for cars.
In some cases materials have had to
be
purchased as much as five "to six months in advance of actual
production in order to have complete sets of parts on hand when
production against firm orders begins."'—V. 166, p. 2314.
and
Years Ended Dec. 31—
1947—11 Mos.—1946
$
^"
$
551.
p.
sidiaries
.•
23.57
'
-
(& Subs.)—Earnings—
$
486,691
income
deductions
Charles
corporation
The
1 ' ' ....
:
• • ,v
Philadelphia & Western RR.—Income
'/ ' J
$2,471.17
144.29
__—
——
27,840,377 276,385,806 290,236,437
27,394,181'
debt
167,
been
additional working capital, $32,000.
to
Pressed Steel Car Co.,
This
par
1947—Month—1946
deductions
Total
proceeds
payable,
&
funded
(approximately $82,000) are to be devoted
to the following purposes:
To payment of account secured by chattel
mortgage on machinery and inventory, $30,000; to reduce unsecured
accounts
$50
„;—
expenses
taxes
Interest
Other
company
as follows:
27,880,872
Express
unfilled orders
granted
non-assignable
options to
directors, exercisable on or before Nov. 30,
1950, to purchase company stock at $2 per share: Floyd R. Schulz
1,700 shares; Arthur R. Brewer 1,230 shares; Rudolph Schultz 1,460
shares, and James D. Reasoner 610 shares.
84,000
$295,555
stock——.
common
Balance,
surplus.—
-V. 165, p. 3058.
*
are
and
officers
following
share,
,:
and
revs,
this
1948,
bond
Total
Other
OPTIONS—Directors
STOCK
preferred
transportation
14,317
1947,
25,
Nov.
Rev. from
aggregating $215,000.
the
3 V*%
share
$
Oct. 31,'47
31,
Jan.
—V.; 167, p. 291.
$453,170
37,676
——
hand
on
trust
conv.
cum.
1,954
Federal income taxes<_
Federal income taxes—
estimated
for
common
$533,884
8,782
——
Provision
collateral
4%
of
as
its outstanding securities
7 Mos. End.
Mar. 31,'47
Earnings per common
:L~A
preferred
12,309
under way and all installations
July, 1948.—V. 167, p. 291.
Securities Co.—Asset Value—
asset coverage of
net
Per
159,137
320,024
i
—
income
Dividends,
Dividends,
$965,645
4,636
261,819
expense
taxes...
Net
$785,029
115,767
for relaying programs from
transmitters, Mr. Brunet reported. He
quotations
market
Period End. Nov. 30—
Year End.
Federal and
Interest
by
Light
&
upon
Per
ventories—
Philadelphia Reading Coal & Iron Co.—Resignation—
the use of high fidelity
will be
equipment
is
material
completion
and
equipment..
Railway Express Agency, Inc.
Stock—
1948
kwh.,
studio
broadcasting
of
for
systems, power generating plants, test
installations
the
of
the
Railway
SALES AND EARNINGS
CAPITALIZATION
Weekly Output—
to
shipment
Based
with General Motors Corp.
been
PURPOSE—Net
purchase of $25,000,000 of first and refunding mortgage
due
be
and
modulation)
(frequency
50-kilowatt short¬
10-kilowatt medium frequency trans¬
7 Va-kilowatt short-wave.
Also contracted
antenna
feature
scheduled
manufactured by the contract division. This division ac¬
approximately 15% of the company's sales.
The Atlas Duo-Rail Division designs, manufactures, sells and installs
the Atlas Duo-Rail, which is an overhead tram rail system for con¬
veying industrial materials either indoors or outdoors.
This division
accounts for approximately 5%
of the sales of the company.
The Engineering Division designs specially engineered
products and
machines, and furnishes special engineering services to its customers.
No manufacturing is carried on by this Division,
which accounts for
approximately 5% of the company's sales.
Approximately 55%
of the business of the company to date has
will
one
apparatus,
studios
said
according
stations,
radio
five
of
employ powerful
will
these
counts for
for
stockholders of record Feb. 20.
This compares with 25 cents paid each quarter during 1947.
In addi¬
tion, extras of 25 cents each were paid on Sept. 27 and Dec. 5, last
year.—V. 166, p. 1791.
10
and
.
building
the
of
two will have
associated
noval
FM
products
.
quarter, payable March
mitters,
the
for
Two
transmitters,
for are
has
Division.
Brunet.
measuring
A
Government
calls
plan
Mr.
wave
,
Net income befoi'e
the first
The
to
Company has
division designs,
other
any
Harold L.
Pfeiffer
International
four operating divisions:
The contract
manufactures and erects conveyors.
It also designs and manufactures custom-made, dollies, hoppers and
special material handling devices.
This division in 1947 accounted
for approximately 75%
of the total sales.
,
The products
division acts as distributor for a number of manu¬
facturers
of
mill
and
machinery supplies which it sells at both
wholesale and retail.
It also purchases and resells similar products
of
other
manufacturers
and in
addition,
sells power transmission
or
George, who will continue to serve the company in
an
advisory capacity.
Luis G. Porras, former Mayor of Lima, Peru,
has been
named Vice-President of
the board of directors.—V. 164,
p.
in Michigan
incorporated
was
1946, for the purpose of designing, manufacturing, selling,
erecting and servicing all types of conveying equipment for industrial
April 2,
on
to
Equipment Sold
Radio
purchased from this corporation
broadcasting equipment to establish a radio network reaching all
parts of the newly formed State, from the capital, Karachi, to the
cities of Lahore and Dacca, it was announced on Jan. 27 by Meade
Brunet, Vice-President of RCA and Managing Director of the RCA
stock is offered as a speculation.
Transfer
Peoria
—
,
Pakistan
The
The
stock (par $1) at $2 per share.
common
of America
Corp
Pakistan—
—Smith, Hague & Co., Detroit, on Jan. 16 offered 50,000
1948
operation
Radio
Mich.—Common Stock Offered
Planet Corp., Lansing,
Declined 1.9%—
Peoples Drug Stores, Inc.—Jan. Sales
Month of January—
Sales
Monday, February 16, 1948
CHRONICLE
FINANCIAL
&
THE COMMERCIAL
(750)
last
at
increase
company's
62.5%
four
the
weeks
averaged
load
the
electric
output
of this
company
has
rate recorded in its history.
Not only has
20.2% over the like 1947 weeks but also the
greatest
factor
in January.
week ended
has
improved
from
61.2%
in
December
to
the
ry.
Non-oper.
Jan.
31,
oper.
inc.—
income
'
Gross
Deduct,
1948,- the company's electricity output
was
13,361,120 kwh„ an increase of 2,455,210 kwh. or 22.5% over
the corresponding week last year.—V. 167, p. 656.
For
Net
Net
-V.
360,299
income
from
gross
income
167,
p.
474.
inc.
THE COMMERCIAL
'
Volume 167 Number 4673
Southern Indiana Gas and Electric Co.—Earnings—
Director—
Salt Dome Oil Corp.—New
Whipple, partner in the investment firm of Bacon, Whipple
&
Co., Chicago, a governor of the New York Stock Exchange and
a former President of the Investment Bankers Association of America,
has been elected a director of Salt Dome Oil Corp.—V. 167, p. 474.
Jay
N.
Gross
Operating
railway
from railway——_
ry. oper. income-
1946
1945
1944
$268,718
$142,016
$300,116
Net
69,535
<■152,013
♦13,450
Net
7,491
<'204,983
♦63,808
121,149
50,591
,
from
Net
from
Net
ry.
railway——
income1
oper.
♦Deficit.—V.
167,
57,555
♦621,560
The
of
company
pincers,
of
variety
Feb.
on
tools.—V.
oper.
Net
ry.
Net
ry.
Fed.
5,492,828
5,628,205
4,410,185
8,789,771
10,357,631
2,918,617
14,048,763
15,080,804
459,384
V.
December,
in
167,
656.
p.
Scars, Roebuck & Co-
-
—V.
—V.
to
according
announcement
an
made on
Feb 6,
common
subject
to
available
earnings
declared
were
and
Dec.
for
5,
govern
resources.
stock in 1947 on March 7, July
common
payment
dividend policy, including
Distribution of 25 cents each
which
cash
and
the
on
after
per
167,
March 28,
on
Aug.
1,
directors
Feb.
on
declared
5
regular quarterly
a
Cents
Jan.
—V.
AND 12 MONTHS
$1,707,938
$0.93
$1.12
Oil
from
ry.
Distribution—
and
The
time
the
turbances
Operating
Operation
Vice-President
LaRue,
and
Maintenance
for
Provision
Provision
Net
Federal
1947
$839,978
taxes—
Treasurer,
Feb.
on
affected January
further
7
earnings
Other income
(.net)
income
Interest
Net
chgs., special chgs. and other deducts.-
preferred stock
on
—
-•Earnings
♦On
per
common
Receivership-—
to
a
said the company lias been unable to obtain essential
lack of working capital resulting from an unbalanced
petition
1,269,966
and
$2.20
$13,748,407
3,310,093
taxes
income
State
—
$1,321,282
600,000
$2.91
and State income taxes
Fed.
1,103,748
924,439
approp.
78,000
172,500
936,000
860,000
revenues—.
$339,377
$174,758
$4,191,409
$4,160,498
80
630
18,026
38,638
$339,457
$175,388
$4,209,435
Power
Carolina
South
,
Shares
outstanding
share
:
stock
common
on
31, 1947, shows current assets,
The consolidated balance sheet at Dec.
cash,
including
$3,546,792,
liabilities
current
The
$1,439,113.
are
$921,870—V. 166, p. 1259.
revenue
Operating expenses
Amortiz.
of
Fed.
taxes
41,770
501,240
553,560
i
J
——
190.200
794,360
603,672
15,850
687,609
112,595
1
& exc, profits
190,200
846,914
15,850
135,215
__
_
taxes
inc.
428,929
46,130 <
income
Int.
—
long-term
011
39,862
30,312
income
on
—V.
8,300
Cr975
$69,140
income
—
___
181
$52,354
deductions
Net
Drl,048
J9rl50
debt
Other
365,475
17,188
Co.—Private Financing—
of the
:
offering
and
of said stock for purchase by South Penn Oil Co.,
and The Waverly Oil Works Co.,
South
West
in
The
of
industry
authorized
375,000
for
company
approved a proposal increasing the
Sun
stock of no par value from 75,000 shares to
and approved the issuance of four additional shares
as of record Jan. 31,
1948. This in effect is a
stock split-up.—V. 154, p. 438.
,
five-for-one
Southern Ry.—Estimated
Gross. Earnings—
10 Days End. Jan. 31
1948
Gross earnings
—V.
167,
p.
$8,847,697
692.
1947
stocks,
Sun
for
business
'
1947
$8,483,897 $26,575,488 $24,955,024
wide
and
the
direct
"»
847,615
$3,361,820
div.
$3,317,409
requirements for
the
/•/ 375,678
Balance
167,
375,678
$2,986,142
period
$2,941,731
293.
p.
Texas Mexican Ry.—Earnings—
December—
Gross
ry.
k,
'
■,
1947
from
railway.—_
railway
£.
from
1945
1944
$187,835
$144,722
$144,338
23,800
♦27,755
♦64,181
99,843
7,266
♦57,523
3,024,971
2,427.515
2,171,485
1,357,784
666,741
655,511
717,672
676,023
289,149
287,477
385,856
income
oper.
1946
$334,808
180,517
,
8,744
'From Jan. 1—
Gross
from
Net
from
Net
ry.
railway
railway
income
oper.
♦Deficit.—V. 167,
2,280,817
Texas
158.
p.
& New
Orleans RR, —Earnings—
December—
Gross
1947
from
Net
Net
ry.
railway:
railway.
from
in
mortgages.
the
In
years,
war
of
funds
its
Particular
to
attention
supply
needs
given to
the
also
was
mortgages by aiding in the financing of housing
home construction, aDartment houses, etc.
on
during the year, following the general trend, showed
normal surplus
earnings of the company which
$22,500,000 are considered eminently satisfactory,
Mr.
The
combined
now
$89,400,000.—V.
in
unit
Shipbuilding
$50,000,000
its
surplus
&
Seven
Co.,
Hueach
and
165,
Drydock
of "new
peacetime
will
build
Inc.
are
of
the
These
contingency
♦354,034
1,418,158
from
railway
railway
from
ry.
1,100,281
to
Jersey.—V.
he
are
built
166) p.
They
: j
have
to
be
for
•
been'
35,227,477
18,483,515
41,867,546
58,751,919
14,581,812
„
14,917,024
14,661,749
13,025,499
475.
p.
Texas & Pacific Ry.
Operating
Operating
Ry.
tax
Equip,
c.
••
v:
$6,881,227
expenses
facl.
439,574
(net
dr.)
285,185
86,585
2,698,286
25,051
rentals
dr.)
Cr44,728
257,163
166,267
$1,129,747
Other
income
oper.
$653,180
$7,742,413
1,574,513-
(net
_
ry.
1947—12 Mos.—1946
$4,821,089 $64,704,829 $55,901,067
3,781,500
48,742,474
42,441,477
344,552
5,264,493
4,157,429
5,001.670
accruals
rentals
Joint
Results From Operation—
1947—Month—1946
revenues
192,210
78,651
951,123
$7,561,381
> 796,714
$1,321,957
$731,831
$8,693,536
$8,358,095
income
Total
Misc.
income
'
deductions
Fixed
Net
167,
Texas Power &
Other
$5,435,135
237,296
2,484,422
86,060
997,349
914,968
300,000
1,480,000
1,400,000
2,259,997
re¬
appropriation..
of
128,935
101,443
__
retirement
124,000
limited-term
oper.
Other
1947—12 Mos.—1946
$1,536,381 $20,109,167 $17,863,120
866,728'
9,944,413
8,335,170
868,443
investments
Net
-Earnings—
1947—Month—1946
taxes
serve
$5,460,081
$1,742,238
expenses..
taxes
Amort,
$484,730
Light Co.
revenues
Property
111,153
2,811,807
$761,107
Period End. Dec. 31—
Federal
99,009
3,134,446
52.
p.
Operating
Operating
7,635
239,466
.
income
-V.
6,439
554,411
charges
312
revenue-
income
Gross
308
3,282
4,357
$410,744
$154,350
$5,199,701
$4,948,628
(net)—
1,054
2,020
11,667
5,696
$411,798
Int.
$156,370
$5,211,368
$4,954,324
126,872
110,522
28,926
income
and
other
Orders—■
the
these
to
chgs.
Corp.
by
011
orders,
be
the
45,848
1,316,653;
1,283,090
3,894,715
865,050
3,671,234
Pref.
—V.
stock
requirements for the
Texas
Public
Service
Period End. Dec. 31-
Operating
the
Jan.
each
Tanker
Standard
periodl
865,050
utility plant
taxes
income
of
...
income
with
Oil
Co.
Co
Net
—V.
27.
ever
191,455
189,455
13,747
202,398
183,926
84,500
33,000
481,900
290,000
$112,499
$67,870
$527,404
$459,880
/
21,263
._
deductions
11,931
293,981
162,073
$133,763
$79,800
$821,385
V $621,953
income
8,675
167,
Two
of New
\','.r
p.
______
24,578
127,278
215,001
$125,087
$55,222
$694,108
$406,952
476.
a
to
Navigation
Oil
94,857
15,705
16,237
1
Federal normal & surtax
Operating
1,581,280
125,419
of
;
—
$2,799,398
1,909,155
9,900
15,955
amort,
$3,437,731
173.390
15,034
and
General
1947—12 Mos.—1946
$313,612
181,949
___
Maintenance
Deprec.
Co.—Earnings-
1947—Month—1946
$426,174
revenues
Operation
Texas Utilities Co.-^Sulbsidiaries Plan
The
market
operating
early
company
next
spring
subsidiaries
with
a
of
the
substantial
Financing—
company
amount
will
of
be
new
in
the
money
financing,
Shortly
.:i
div.
167, p. 476.
booked
volume
largest
Socony-Vacuum
and
income
Income
has
largest
,
by
Net
Gross income
announced
said
ordered
chartered
Gulf' Oil
was
under
are
the
of
2565.
.
1944
$7,898,250 $11,423,071
1,171,661
4,299,290
1,257,002
1,133,427
114,845,722 101,782,734 118,588,062 134,542,381
income
oper.
167,
Other
subsidiary,
a
tankers,
it
tankers
reserve
1324.
p.
Co.,'
oil
history,
11
tankers
1945
$7,941,546
3,248,344
income
oper.
1946
$11,066,185
public utility
of industrial,
range
flow
commerce.
capacity of 230,000 barrels.
go in tanker operation.,
Jan. 1 to Jan. 31
1948
a
Oil Co.—Unit Receives Large
The
This
Period—
is
orders
held
64,649
$110,739
chgs—
income
history."
the
to
said.
common
share
and
increase,
amounted
shares,
each
combined total of payments
benefit—$3,443,000,000—
of all premiums paid by policyholders
their
for
While expenses
an
& Print Works, Inc.—Split-Up—
20
to
projects, individual
stock desiring to accept the above offer may
their certificates to the Oil City Trust Co., Oil
said trust company on or prior to March 1,
on,Jan.
sum
bopds,
and
advancing money
capital
stockholders
bonds
proceeded
Wood
„
government
other
pany
City, Pa., so as to reach
1948.-r-V. 162, p. 1211.
Southern Bleachery
65,693
$4,199,136
881,727
Thus, the
held
assets
major part of the money , available for investment was devoted
aiding the allied cause by the purchase of government bonds, chiefly
Canada, United States and Great Britain.
During 1947, the com¬
of
companies reserve the right to return any certificates
received after the purchase of 4,500 shares.
Holders
by forwarding
do; so
and
the
to
for the above stock
Of
$2,981,000,000.
policyholders
vested
Pennzoil Co., Washington Oil Co.
The
is
company
to
interesting figures revealed by Mr. Wood included the assur¬
ances
in force of the company which
njow stand at $3,837,000,000.
The assets, which increased by $78,000,000 during the
year,
are in¬
the
.
a
Other
ratp of $30 per share net.
The offer will expire on March 1,
1948, or when a total of 4,500 shares of the above stock have been
received pursuant to said offer, whichever shall first occur.
at
dividends
exceeds by $462,000,000 the
over
the entire company's
capital stock, par value $10, have been made an offer
to tender their shares
The
President, in
Wood,
$15,000,000. in
the
to
South West Pennsylvania Pipe Lines—Offer of Pur¬
chase Made to Stockholders—
B.
annual
policyholders.
"During the 77 years of the company's existence, it has distributed
$2,021,000,000 in payments to policyholders and beneficiaries.
The
assets of the company at the present time total $1,422,000,000 whereas
the total of all premiums paid by policyholders since
inception of
The company has applied to the Pennsylvania Public Utilities Com¬
mission for authority to sell privately to insurance companies $1,500,000 of bonds.—V. 15T, p. 1853.
Holders
77th
and
167, p. 292.
South Pittsburgh Water
6,733,608
2,208,868
$273,764
other
&
$1,275,389 $16,781,735 $14,887,413
.
of its business
review of the year's operations at
meeting held on Feb. 10, stated in part:
"During 1947 the Sun Life of Canada had distributed to its policy¬
holders and beneficiaries the sum of $102,000,000, of which $32,000,000
was
paid to beneficiaries of policyholders who died during the year.
The Sum of $40,000,000 was paid out to living policyholders.
Other
payments included $13,000,000 distributed in payments to annuitants,
the
432,742
Canada—Reports Record
of
with 41%
Canada,
of
000,000.
$81,691
debt.
of premium
Amortiz.
$117,153
Life
Sun
Arthur
Gross
Co.
Assurance
and 50% of its
securities in the United States, broke all records in 1947 with $380,000,000 of new business for the year, bringing the total now in force
to nearly $4,000,000,000.
Total assets are now approximately $1,500,000,000,
Payments to policyholders and beneficiaries over the year
amounted to more than $100,000,000 while the total of such payments
since the first Sun Life policy was issued in 1871 now exfceeds $2,000,The
plant acqui.
adjustments
General
437,003
—
Life
New Business for 1947—
1947—12 Mos.—1946
$680,336
,
depreciation
for
Prov.
$751,351
—
Sun
Co.—Earnings—
1947—Month—1946
Period End. Dec. 31-
res.
oper.
Net
Gross
1947—12 Mos.—1946
2,131,735
Period End. Dec. 31—.
1".
."
Net profit
356,814 shares.—V. 167, p. 292.
Co.—Earnings-
1947—Month—1946
8,418,843
—V.
$9,932,131
2,171,930
850,649
$2,040,126
700,000
-
Federal
$2.47
$3.00
share
Service
76,350
Net
1946
1947
—
Net before
$881,993
376,707
171.493
Net
Stone Container Corp.—Earnings—
148,205
1,101,030
52.
p.
From Jan. 1—
Calendar Years—
Per
Balance
167,
93,968
Gross
$1,030,199
148,205
$1,073,130
accrued
4,769,426
707,491
284,767
taxes
Net
approximate $2,000,000.—V. 166, p. 1998.
351,306
$1,221,335
income
Dividends
250,085
3,847,985
257.796
<'282,497
taxes
-V.
shows the company, which makes gasoline and Diesel
engines, has debts, including contingent liabilities, of $2,491,824.
It
valued
its assets at $3,658,319.
The company said unfilled orders
$1,381,505
3,639,013
409,961
♦170,976
150,702
an¬
325,466
$1,471,421
-
petition
due
Sales
Gross
♦14,724
creditors.
The
$1,104,042
277,462
13,111
4,253,442
income-—
Electric
Preferred
to a standstill
This condition
business came almost
served by our stores.
sales.—V. 167, p. 552.
Sterling Engine Co., Buffalo, N. Y.—In
parts
528,807
<'73,433
$854,998
inventory.
296,812
615,438
taxes
income
422,729
$1,080,957
390,463
income
Federal
for estimated
38,431
♦12,758 "
income___
680,288
Net
Fleischmann, an attorney, was appointed receiver of this
company on Feb. 10 by Federal Judge John Knight at Buffa'o, N. Y.
The
company
on
Feb. 7 had filed in Federal Court a patition to
initiate proceedings under the Chandler Act for an arrangement with
224,901
299,951
depreciation
other than
Taxes
—
—
$309,475
22,340
818,716
Gross
Manly
1,785,675
1944
$281,564
♦16,831
expenses
15, net sales were 16% ahead of the same period for
However, due to the snow storms and the following
1947.
condition of the highways,
throughout the entire territory
$4,265,706
258,830
—_
1945
$321,267
63,490
Other income
1948
icy
The
$4,919,575
2,241,667
revenues-
1946
$439,233
railway.,.—
Prop, retir.
series A
April 15 to
payable
——
——
Through Jan.
1946
-
Operating
Other
dividend of 93% cents per share on the
sales
its
1947
$5.11
3,355,451
|
$1,480,763
nounced:
City Gas & Electric Co.—Earnings—
Sioux
12 Mos. Ended Dec. 31—
$6.20
3,856,438
stock
_
revenues
Federal
cents
dividend of 37 Va
Month of January—
Jan.
on
com.
Ry.—Earnings—
railway
Interest
27 announced that it has suspended for
being all its operations in Ethiopia as a result of dis¬
in nearby .Somaliland.—V. 167, p. 157.
corporation
$335,190
Operating
Stores, Inc.—January Sales—
Sterchi Bros.
*
27,215
$419,618
stock
1947
oper.
Texas
15 to holders
were
made:
13, Sept. 15 and Dec. 15, 37'/2 cents
June
from
ry.
Net
Corp.—Suspends Ethiopia Operations—
Sinclair Oil
Central
Period End. Dec. 31-
declared a quarterly
30
Jan.
on
cents;
substantially
316,501
$362,405
16,460
com.
_
railway
♦Deficit.—V.
the common stock, par $10, payable March
Feb.
24.
In
1947,
the following payments
January,
stock
railway
from
Net
Net
S.
:
2147.
oper.
Net
167, p. 692.
preferred stock was also declared,
holders of record March 29.—V. 166, p. 1998.
C.
preferred
on
vehicles,.
p.
from
Net
(Ohio)— 37V2-Cent Common Div.—
Co.
usual quarterly
The
of
Net
directors
the
25
361,685
From Jan. 1—
on
15,
2,463
$678,906
$436,078
'
__
Tennessee
$2,834,223
$1.50
$2,231,985
•
8,929
paid
166,
Gross
15, 85 cents each.—V.
record
1
$676,443
$797,763
December—
1947—12 Mos.—1946
cumulative
and Nov. 25, 30 cents.—V. 166, p. 2423.
each;
10 cents
25,
Aug.
profit
Number
1947
$6,549,751
158.
29,
share
March
10
dividend of
extra
an
income
Earnings available for class A and
Earnings per share on class A and
31
1947—6 Mos—1946
share—
6,331
$788,834
Dividends
Earnings—
1948
$6,329,657
$1,858,450
$1.02
20.679
■
charges
com.
p.
Dec.
Net
dividend of 30 cents per share on the
common
stock, both payable Feb. 25 to holders of record Feb. 14.
Extras were paid last year as follows: Feb. 25, 35 cents; May 26 and
and
share
per
"V:-
'A'V:
sales.
taxes_i_
The directors
Nov. 28 and Dec. 26,
(W. A.) Sheaffer Pen Co.—Extra Dividend of 30
The
$1,182,157
$1,344,961
$85,688
''Vy"
DEC.
46,331
7,467
plan
Other deductions
declared a dividend (No. 88) of $1 per
share, payable March 15 to holders of record Feb.
13.
Payments
in 1947 were as follows:
March 15, 65 cents; and June 16, Sept. 15
On
11, Nov. 7
respectively.—V. 166, p. 2422.
cents
Other
Gross
have
policy of giving consideration to quarterly dividends on the
stock at their March, June, September and December meetings,
a
factors
412,296
Standard Oil Co. of California—Larger
of
Quarterly—
Sharp & Dohme, Inc.—To Consider Divs.
the
sharing
profit
6,783
$1,594,453
412,296
$1,757,257
$134,306
Federal
and
per
all
18,314
34,358
Period End. Dec. 31—
133,955,237 2,112,471,127 1,694,567,781
156,678,603
The directors,
754
$120,046
292.
36,741
20,203
1
.
1947—12 Mos.—1948
167, p. 292.
adopted
1,773
34,358
—
p.
Standard
Sales
.
taxes—-——.
costs amortized
Employees'
1.773
148
CONSOLIDATED EARNINGS STATEMENT FOR 6
and
January Sales 17% Higher—
1948- -Month—1947
Period End. Jan. 31—
$1,855,459
252,450
$2,029,793
$141,985
252,450
21,037.
Spiegel, Inc.—January Sales—1947
accounts of $3,113,299
1947,
sinking funds and capital fund account for the entire year 1947.—
for
Balance
Earns,
deduction
tAfter
72,512
40,496
38,400
income
than
bonds
011
$857,810
71,283
.
$168,664
———
pfd. stock-
—V..167,
9,427,542
936,898
income
♦Deficit.
income
Earnings
10,889,771
Total income—
tNet
other
Interest
Financing
1,670
——-
ENDED
863,133
taxes-
inc.
i!
148
—
deductions
on
123,184
$967,916
operations
Profit
$
"/''■
income,
oper.
after
$
1,391,898
.taxes
..
Administrative and general expenses
disct.
debt
of
expense
Other
10,065,718 119,140,955 112,403,393
1,038,559
inc
and
1947—12 Mos.—1946
1946
♦2,716,678
Fed.
before
950,424
Taxes
Month of January—
income,
oper)
1946
$1,057,993
76,998
122,528
Gross profit from
707,544
1.056,176
21,037
Consolidated' net
$
11,582,009
revenues
124,191
maintenance
and
Operating
...
Depreciation
Net
RR.—Earnings
$
Ry.
156,639
and ex
taxes—.
$191,519
Amortiz.
clippers, hand punches and a
160, p. 1084.
1947—Month
—
86,400
long-term debt—
on
Divs.
Conn—Acquisition—
announced it had purchased the operating
also of New Haven, manufacturers
6
Line
Period End. Dec. 31-
86,400
income ——
Gross
Net
purpose
Air
7,200
etc.
Total income
cutters,'hedge
wire
special
Seaboard
♦479,960
Schollhor Co.,
William
the
pliers,
♦656,184
2,524,067
■
707,693
toils,
acquis.
'|_
157.
p.
Sargent & Co., New Haven,
assets of
♦30,597
3,001,603
152,721
2,951,931
3,247,073
198,518
<'572,421
773,493
Income
3,443,244
613,040
profits
cess
Int.
railway,
50,762
7,200
Federal income
From Jan. 1—•
Gross
63,321
expenses
depreciation—
for
Prov.
$7,750,765
467,419
$9,071,889
4,312,987
General taxes
1947
from
1947
$1,201,217
110,772
Years Ended Dec. 31—
$727,880
4.03,740
$886,098
revenue
adjustments
Earnings—
$326,792)
December—
Gross
Gulf RR.-
&
Bridge Co.—Earnings—
Tacony-Palmyra
1947—12 Mos.—1946
1947—Month—1946
Period End. Dec. 31—
11
'
Amortiz. of plant
San Antonio Uvalde
(751)
FINANCIAL CHRONICLE
&
after the middle of March,
Texas
Electric Service Co.,. it
is
12
THE
(752)
and on $5,000,000
6aid, will ask for bids on $5,000,000 of mortgage bonds
'
of debentures.
$7,0*00,000 of debentures.
on
:
the same time, Dallas Power & Light Co. will ask for bids
At about
$4,000,000 of debentures.
Coincident with the debt financing,
on
1
advertise for bids
Co. is expected to
7
-
r
at least its 91%
and will subscribe to
tional
Light.
About 9%
of
the
of
care
Texas
system's construction needs through 1940.—V. 165, p. 1237.
Utilities
Total
net
Freight
(after
(net)--—-
for
preferred
1,327,400
after
$5.38
$4.47
$6.83
—.
$4.92
Realisation Company, Ltd.
SFrom
outdated vessels and property.—V. 167, p. 68.
Net
The
corporation
30 disclosed
Jan.
on
Tricot
to substantially
plans
increase
capacity for manufacturing Nylon-Tricot lingerie, announcing that
operate a Tricot knitting and warping plant at Willimantic,
Conn.
This plant, which was built within the past year, is equipped
with the latest high-speed Reiner Tricot knitting machines.
Its
it
will
of
Acquisition
lead
will
in
expansion
further
to
the
at
plant,
in
it
announced, probably
sewing plant operations
was
Textron's
and it will supplement the
company's East
Greenwich,
England
New
duction
Willimantic
the
integrated
Tricot
pro¬
plant.—V.
I.,
R.
167,
693.
)).
United
Operations—
/
A
States Plywood Corp.—Sells New
bonded,
extruded,
to
United
Toledo Peoria & Western RR.—Earnings—
December—
Net
ry.
:
'
•
railway--——,.
from
•Net
;
1946
$288,853
50,114.
:—;—
*96,338
*63,592
From Jan. 1—•
from
Gross
Net
from
Net
ry.
railway
"Deficit.—V.
•
A
The
*537,019
Capitol,"
*641,811
signed
In
Brooklyn,
Y.,
N.
announced
has
sale.
is for
%he
that
will be
Plant and facilities
auctioneers.
Pa.,
included
auctioned
drydocks
floating
No
sale.
the
in
Tebo
The
plant
equipment-
marine
or
acquired
was
by
are
in
Todd
1916
operated by the company until 1939, when it was leased to.
Dock & Repair Corp.
The lease recently expired and
lias not been renewed.—V. 164, p. 15.
and
was
Gullivan
Dry
Transcontinental & Western Air, Inc.—New Records—
heater,
is built
Feb. 9 that Trans World Airline began 1948
traffic that established new .all-time records
major phase of the airline's domestic operation
announced
It ..was
with
in
-v',;--
January
a
every
on
of
surge
.
TWA's best January in nearly 20 years of
Vice-President for traffic, said that despite
severe
the .carrier's
domestic fleet flew 4,137,000
scheduled plane miles during the month, a figure topping the previous
January record, set in 1947, by more than a million plane miles.
details of
disclosing
In
O. Cocke,
winter
weather,
operation,
.
This
the
E.
mileage
percentage
month
3%
domestic
passenger
TWA's January,
the
In
air
previous
January
$3,500,000
above
margin of
a
figure
was
to
set
nearly $1,500,000.
than
more
the
ten
times
Dec.
31,
to
$45,845,092,
The
year.
the
volume
compared
report
annual
volume of
estimated
that
reported
company
stated
with
the
Higher—
stock
by
shares,
The
work
of
for
began
companv
others
.
and
-
V.
expects
tc
work
start
on
soon
the
the
*
shares
five
others,
1948
^of
3,600,338
The
Towers
corporation has
and interest, $35,000
bonds,
Manhattan
the
V.
166,
called
totaled
A
of
the
total
of
totaled
a
stock
Dec.
Preferred
1.
for
405,319
redemption
Company,
trustee,
40
Wall
St.,
31,
707.
p.
1,
with
next,
York,
.
as
an
to be
effective
The
Of
corporation
Corrugated
ments
/
•
of
on
29
the
announced
purchase
of
Inc.,
Chicago,
and
boxes
from
that
midwest
corrugated
March.—V. 166,
100
Y.—
the
Holders
to
the
next
will
plant
ship¬
begin
customers
in
(& Subs.)—Earnings—
Calendar Years—
C'
1947
30,
Co.
trustee
(less
sales
discounts,
ances
Other
Total
(net)
—;
and
of
the
istrative
—_
receive
New
sold, selling, general and
expenses
——;
cash
cash
500
shares
underlying
on
holders
2.70%
Interest
on
'
^
to
are
311,308,725
16,644,574
promissory notes
14,806,378
be
the
be
9,479,788
9,366,488
$6.10
—
1-
&
Corp.—Earnings—
ry.
Federal
for
Net
profit
for
the
income
$2,465,000
$2,993,000
935,000
tax
year
Class
B
Earnings
"Based
net
shares
per
on
prof't the
to
1,130,000
B
balance
the
$1,530,000
share.
27,985
also
continue
since
—
Profit
Net
Earnings
—V.
all
Director
joining the
stock,
Co.
chgs.,
but
fell
Jan.
31,
In
Lynn
that
$2,622,054
1,358,960
$2.17
procurement
The
Products
Corp.'s
wool-like
textile
the
stock
will
loan
other
Feb.
be
used
Aralac
fibres
-
of
to
9
a
from
55%
a
also
was
.on
purchased the
The
the
total
from
Net
ry.
of
elected
Research
company
in
and
Vice
Based
per
President.
Development,
1944.—V.
166,
p.
on
the
share.—
a
He
post
will
he
2424.
United States Life Insurance Co. of N. Y.—New Dir.—
Paul V. McNutfc,
former Governor of Indiana and Ambassador to
Philippines, has been elected a member of the board of directors,
according to Richard Rhodebeck, President.—V. 166, p. 2317.
the
Conn.,
cost
Feb.
from
which
to
From
Gross
of
Corp.,
January,
Retail
retail
with
in
operation
while
year
a
were
wholesale
units
243-
Jan. 31,
1,710 on
of
1948,
sales
but
year,
ago,
1947,
1,913
to
they have called for
preferred
on
the
ICC
to
to
issued
of
Wheeling
the
in
the
Bank
and
Nickel
the
the
notes,
the
retire
pre¬
"Plate
$5,000,000
of
the
New
of
of
to
the
$1,645,800
...
application,
•,
be
evi¬
as
loan
a
.
according
would
York
amount
evidence
as
.%
added.
of:
City
in
note
a
road
amount
of
,
of
to
issue
of
$561,767v the
note
National
to
permission
notes totaling $6,645,800, the
preferred stock would facilitate a
and the Nickel Plate roads; it also would
an
initiar interest, charge of $116,145 in
retirement
one
Chase
asking
authority
redemption
quts^andihg *;
l02,139
stock.
will
from
>
,
be
used,
stock.—V. 167,
treasury
in
i
to
634,734'
shares
*492,105
547,307
mission
28,308,057
4,958,029
29,169,161
11,934,867
6,062,583r
7,118,417
$2,132,913
8,779,265
4,752,308
'
'' ~v
Wabash
RR.—Earnings Rose During 1947—Arthur K.
President, in releasing income account for
month of December, 1947, and year ended Dee. 31, 1947,
compared with corresponding periods of 1946 stated .that
934,272 carloads were handled in 1947 compared with
897,923 in 1946, an increase of 4%, with the following
'
V
;•
Gunnar
on
of
bonds
Ry.—Interest
H.
Feb.
interest
mature
made
on
issued
in
10 directed
overdue
which
Nordbye
the
the
1,
U.
and
on
-District
of
this
''
•
i
Court
at
railroad to
general 4%
first
1949,
17
will
the
interest
cover
%
1948.
order
S.
trustee
$20,197,000
on
July
March
Jan./I,
Ordered Paid-
the
mortgage and the bondholders'
opposed.—V. 167,
p.
693.
joint
V
due
in
r
.
petition
of
trustees
The
committee.
petition
/—iT v
.
.
•'!
•,
■
&
Light
Co.—To
Sell
Securities—
to
:The proceeds from the sale
of the
bonds
and
167,
p.
stock
allotment
of
asked the Com¬
to
prepay notes and finance construction.—V.
for the
by
sale
of
amendment.
be used to
will
90.
(F. W.) Woolworth Co.—January Sales Increased 8.5%
Sales
—V.
January—
1948
1947
—$40,230,995 $37,048,778
————
167, p. 158.
Yale
&
Towne
Manufacturing Co.—New Director—
Eugene
W. Stetson, Jr.,
of Greens Farms, Conn., Assistant' VicePresident of the Chemical Bank <fc Trust
Co., has,been elected a direc¬
tor of Yale & Towne.
He
is also a director of Canada Dry Ginger
Ale,
St.
•
Power
in
Month of
Atkinson,
i
preferred
to as many shares as he desired,
subject
the event of oversubscription.
The company
exempt from competitive bidding provisions
preferred stock.
The offering price will be filed
the
~
6,967,524
the
subscribe
*3,132,519::-.
479,592
14,657,226
retire
The company has asked the SEC for permission to issue ;
an^ sell
$3,000,000 of first mortgage bonds and 30,000 shares of 4.80% preferred
•stock.
The bonds are to be sold at competitive
bidding and ilje'stock
would be offered to
holders. of the company's outstanding 1Q0,000
shares of 4 V2 % preferred stock.
Each stockholder would be entitled
1944
1945
$2,011,470
24,788,096
Central
Judge
Wisconsin
which it already
both the Aralac
659,770
'
to
outstanding
? %
1946
cash,
.
45%
acquiring
36.551,799
results:
of
1947.
last
Number of
announced
Wheeling
Nordbye
not
480,513
"Deficit.—V. 167, p. 476.
the month
January,
January
the
under
was
remaining
"railway—..
railway—
from
Penn
shares
2317.
p.
compared
from
dividends vof
said
with
Judge
1,031,309
1—
10
to
Payment is to be
1946 and 1947, and
railway-—
Jan.
the
$2,019,700
$2,076,134
from
shares
of
West
common
693.
$2,992,963
income
number
later.
nucmional
u.e
693.
p.
Feb.
for
loan
a
be
railway.—
oper.
258,
substitution
the
mortgage
pro¬
reported to be about $2,950,000.—V. 162, p. 61,1.
1947
over
1947.—•
of
(Mo.)—January Sales—
for
line.
pay
17.
Virginian Ry.—Earnings—
Gross
Total
determined
oi
from
$4,040,000.
was
167,
Minneapolis, Minn,
directors
to $5,009,000 bank
purchase of National
Taftville,
By-Products &. Chemical
interest.
the
proteins, and to prepare for' sub¬
the next five years. Actual transfer
capital outlays over
scheduled to take place
Tobacco
of
owned
Net
been
of
a
together
p.
$3,000,000
at
plant is
corporation has
that
announced
finance
plant
week
stockholders.
than
increased
that
annual
Wisconsin
loan.
$3.58
has
-
2148.
on
8,58%
of
$1.93
\
share
Ivey,- President,
the
corresponding
be
all
166,
0.3%
cumulative
and
carrier
would
2,696,434
>have authorized the
472,506
account.
in
of
dence
5,318,488
2,781,866 /
$2.59
(previously
week* ended
company
for
increase
payment of West Penn Power's outstanding
with the balance to be used for construction
of
to
.
on
slated
of
6,454,403
1,419,950
this
Inc.)
an
stockholder^.
will
public
greater
application
stock
unification
5,197,290
$3,672,537
its
Supply Co.
1941,
5V2%
its
issued
1,419,950
the
reports total sales for
l'/r
1948.—V.
company
Virginia-Carolina Chemical Corp.—Bank Loan, etc.—
A?
been>
Co.—Proposed Financing—
puroiase
the
decrease
5.8%
of
ferred
167,
2,111,209
——
Co.,
iMay ii^next atf par .(100): and dlvideod6.: the
shares
$24,470,534 $25,360,915 $21,517,973
shares—
has
1948,
Wheeling & Lake Erie Ry.—Calls Preferred Stock—*
on
1945
■
2,
477,
kwh.,
for
offering
to
loans
accounts
Federal
*$2,30
surplus
for
off
wholesale
$3,086,081
p.
stock
31,
Jan.
on
The
la46
■
lcwh.
improvements.—V.
company
sales
72,237
->
196,971
.
Ffeb.
on
p.
properties of
Electric
102,687,000
Power
bank
or
186,803
&
princina1)" t~>
are
in
a
223,697
'
held
167,
Co.—Weekly Output—
electric
purchased by
$7,574,000,
bef, taxes
common
the
proposes
$3,534,000,
!'.•
•
be
to
1948.—V.
94,568,000
common
10,567
313,746
1947
registration statement with the SEC
a
pari
cumulative convertible. preferred
Lync^.
Pierce,
Feniier & Beane, "New
to purchase capital
stock of Devonian
called
Wbl'ks
Penn
those
The
1944
*
State & foreign taxes
common
per
166,
-.472,506
to
of
$104,652
■,
Subs.)—Earnings—
profit
Number of
$1,863,000
transferred
(&
used
22,
totaled.
property
place
-I.-—-,———
after
Prov. for Fed.,
Net
as
and
204,791
.
'
\
693.
$4,000,000
Proceeds go to selling stockholders.—V.
Co.
be
Electric
of
Water
Proceeds
pro¬
$1,863,000
U. S. Industrial Chemicals, Inc.—New Vice-President
has held
this
except
1,313,305
_
11.892,002
company, subsidiary of the West Penn Electric Co., has applied
SEC for authority to sell $12,000,000 of first
mortgage bonds,
"M," and 50,000 shares of preferred stock, series "B" ($100 par).
Electric
his
> 9,634
./'■
89,774"
.
1947
•*'
693.
March
1948,
common
in
elect
1,502,214
61,329
in
at
1947.—V. 167; p. 693.
Offering is to be made through underwriters after competitive bidding.
The company also pfans to issue $2,500,090 of additional (no par)
units
1,536,494
<
($100
Merrill,
will
Penn
p.
result
$1,280,000
share—
Bass
for
the
jeries
to
company.
1945
159,847
Chemical
shares
p.
output
West
liquidated
$156,975
1,900,547
on
stock
common
1948
Feb. 5 filed
on
meeting
to
output
The
liquidated.
•
20,
<
167,
annual
167,
to
588.
p.
surplus account—____
earnings per share would be equal to $2.83
W.
V.
option
they
be
holder
50,219
with
stock
common
$12,705,989
Proceeds
7,
the
Enterprises Inc.
(Nevada)—Stock Offered—
Hannaford & Talbot, San Francisco, Calif., in January
offered 2,192 shares of common stock (par $10) at $21
250,000
167, p. 88.
Dr.. Lawrence
will
trust
"■
Nov.
on
compared
as
dividend of $4.50
Petroleum Corp.—Registers With SEC—
Co.—V.
Feb.
thereby.
of
case
66,543
•
1946.
declared
was
fu'l
par share on
Dividend on
•.%
Underwriter.
American
476.
p.
share
per
providing
$10.02
Washington Gas Light Co.—Meeting Adjourned—
on
deemed
whether
been
Net ry, oper.. income.._
V.
in
1946
income—.
oper.
of facilities—
outstanding
class
to
surtax
taxes
$7,393,274
was
after
to
in
$3.80
Western Auto
45,444
December—
transferred
and
$123,903
income—
railway
railway—
167,
The
1946
tax
provision for replacement
Balance
the
be
46,047
plant and the .stock
Extra
have
will
1948,
the
with
company
The
,
has
to
funds,
income
equivalent
167, p. 293.
adjourned
Valcar
of
1947
.
"provision for Federal income
before
Provision
Oil
been
trust
represented
1948,
and
increase of $3,674,in 1947 were
roll
588.
p.
having
the
1947
from
stantial
Tool
Years Ended Dec. 11—
Profit
167,
$207,956
Dairy
,
Drill
trust
income-normal
.
Pay
—
York.
a
1947,
31,
thereof, determined
Exchange
is open.
thereof
28,
forwarded
entire
railway
duces
United
May
surrendered
railway
from
57,206,352
$7.98
outstanding
167, p. 588.
Dec.
■
to
Federal
income.
1946.
trustee
indicate
to
.
taxable
sinking
is
covering. 150.000
N.
cash
28,
provisions
requested
will
after
should
oper.
Net
35,727,371
75,666,792
share..
—V.
on
1946.—V.
value
and
From Jan. 1—
315,000
46,501,216
Net income
Per
of $1
stock.
Ry.—Earnings—
from
Gross
rate
The
states,
shares
3,604,301
31,
Stock
May
and
Warren
totaled
Eastern
terminate
multiples
these
subsequent
check
a
share
from
Net. ry.
or
before
the
,
.
Availab'e
stock
Proceeds
419,048,826
*i
'
.
389,420,731
taxes
Shares
fund
West
the
securities
or
securities.
or
and
Utah
Sales
admin-
—
compared
Terminate—
to
York
Six Months Ended Dec. 31—
521,844,814 414,988,315
6,703,499
4,060,511
528,548,313
„
Depreciation and. depletion
Income
with
successor
elected
the
pursuant
shares
Vick
allow¬
.
j.
of goods
Cost
returns
i—
income
No
has
in
approximately
principally due to a credit
profits credit carryback in 1946,
excess
1347
year
of
'
163.14%
compared with $1,035,148 in 1946,
as
compared
—V.
year
territories,' totaled
areas
31,
estimated
the
materials
•
Month of January—
.
ten
the-
Dec.
Dec.
on
and
that
surrendered
surrendered
in
,<j*
'
Gross
at
State
v •
same
other
and
Retirement
Sales
numbered
a
1947.
Walgreen Co.—January Sales Increased 6.8%—
2,450,944
State
includes
Commerce
in
year
common stock
was
owned by residents
31, 1947, comparing with 457,578 shares
holdings of preierred stock on that date
1948.
Trust
-Certificates-received
.1946
'
-
the
the
preferred
York
••
comparing
in
1947
of
York
other, than
1.035.182
fuel
■
New
and
19,
actual
an
27.05% :
Interstate
with $2,430,458 iri 1946, an increase of $970,564'
principally by the.increase in rates due.to revision.of the
Act, effective Jan. I,vl947t'^'.!.'' •"
Income available for fixed
charges in lf'47 increased $3,237,958 and
income
after
providing for fixed and contingent charges, including
Railroad
.
Union Carbide & Carbon Corp.
-•*?
before.
states,
Columbia
against 51,817
day
units
of
receiving
per
:
in
of
increase
to
preferred
totaled
States
Jan.
$2,314,722
Passenger revenue
occasioned
cf
Dec.
foreign
Jan.
Empire
-
certificates
upon
Net
>
the
2565.
p.
a
the
bv
retroactive to Feb.
•
The directors
Containers,
111.,
plant to
in
due
$3,401,022
S.
der
held
1946.
revenue
effective
.approximately
increased
authorized
pay
1947,
cost
for
$4,709,469
Corp.—Acquisition—
Jan.
$1,462,233
holders
Net
at
•
the
was
States
shares
4,
'
whereas,
3, 1948. The trust will be liquidated commencing June 1, 1948,
days after such termination, During the intervening period share¬
have the right under the trust
agreement to surrender their
90
Gross
N.
.
in
Power
appointed.
—V.
Union Bag & Paper
of
Y., has resigned
resignation having be¬
come
stated.—
.
of. shares
Holdings
New
names
1947,
shares
buildings
New
Eastern
3,881,599
Empire Trust Co. 120 Broadway, New York,
trustee for the above entitled shares, such
500
21
April
ten
increases
rate
which
revenue
mail
Railway tax accruals increased
"U.
is
Mail
.
Dec.
on
$600,000.
the
of
from
freight
1947, amounting to $1,277,581, and wage awards to the conductors and
trainmen, effective Nov. 1, 1947, in the amount of $124,131, and to
Sales
and
31,- 1946.
in
names
in
11.
Universal Trust Shares—Trust to
.
take
Redemption—
on
railway
increase
•
name
$15,052,375
$3.80
increased
revenues
1947
•
1,
Stockholders—
Eastern
Dec,
year-
in
of
against
on
while
46,591 shares,
to
second mortgage (now first mort¬
Payment, will be made at the Bank of
1952.
"/'}■
25.67%
in
221
General
gallons,
exclusive
with
Feb.
on
ten
holdings
shares
countries
before,
year
51,489
District
on
1,055,457
foreign
a
10-year 4%
of
due Oct.
Corp.—Partial
trade
140
of
shares,
brokers'
-December—
gage!
to
on
brokers'
in
common
shares
before.
year
of
report
the
added ..to
.:
21.73%.
Railway operating expenses for the year 1947 increased 5.85%, prin¬
cipally due to wage awards to non-operating employees, effective Sept.
Manchester,
31, 1947, comparing with 759,774 shares
stock
against
including
in
shares
in
Dec.
on
Holdings of
and
1947
in
*
Street
the
comparing
announced
brokers
held
Preferred
165, pv 3060.
29th
under
Corp.—No.
names,
than
shares
Certificates
construction
.•"X:
gallons
10
3,948,587
2,464,323
stock
Common
portionate
in
engaged
now
from
been
Assistant
stock of this corporation
totaled
corporation
against
previous
completed
$28,871.4G8
of which $45,650,000 is expected
$52,733,000,
is
company
marketed
Steel
common
before.
be
completed this year.
.
be
sizes
brokers'
the
Certificates
The
to
.
January,
has
.
in
1947
York
New
of
amounted
heater
Blackney,
of
892,740
$4,127,212
steady decrease throughout the year, culminating in
a
Commission
for
March
topping even busy wartime Januarys while
to $116,000, another new' record and more
1947, figure.—V. 167, p. 552.
Construction Co.—1947 Volume
Turner
W.
The
new January
fpr .the first time,
twice
by
water
V.
2,191,159
-•
$10.02
operating
railway
increased
13, 1947; ,1946 Included
effective July' 1 to Dec..31,
$178,000
corners, cap and divider
'
'•
'%•'
;.
1', '
•*
7,211,111
862,366
Oct.
increase
capital
before,
■
the airline's domestic volume of both express
highs. Exoress revenues exceeded
field,
cargo
a'ir freight returns soared
than
best
and
$6,682,347
10,449,069
1,742,133
;
stated
revenue
decrease
the
for
1940, passenger revenue total of $345,000.
freight established
$195,000
;.V
soared
revenue
all-time high for the month
Cocke noted that this January
and
figure
The
in
%
another
Mr.
the
above
record
TWA
new
a
completed.
miles
than
more
for
p'
TWA's
i
responsible
was
scheduled
of
92.6%,
was
mark.
also
total
line,
States
Holdings of
on
49,819
'
of
share
further
approximately
1947,
showed
to
749,008
•
outside
.
electric
accessory
United
shipyard
off at the site on March 2 by Samuel T. Freeman & Co., Philadelphia,
.
1;
$3,674,288.
Tebo
29-acre
Products Inc.,
Keller
by
corners,
especially
$10,089,578
charges—.2^
common
Freight
includes
476.
p.
corporation
per
Atkinson
interim
operate without noise, odor'and free from, necessity of
storing fuel.
It can be installed in kitchen, utility room, basement or
recreation
room.
It
is
fully automatic,
and
all-electric.—V. •< 167,
Todd Shipyards Corp.—Tebo Shipyard for Sale—
The
Mr.
17.20%.
of
manufactured
are
announced.
new
*27,676
167, p. 158.
They
476.
p.
automatic
new
*303,574
—-x
Corp.
inside
types:
167,
company's
19,686
1,771,440
—^——=
income
aluminum.
Plywood
four
Manager,
railway——
oper.
installation
United States Radiator Corp.—New Water Heater—
$5,851
15,908
income
oper.
States
in
H.,
strips.—V.
1947
'
railway
from
Gross
-
the
makes
81.18
3,811,600
;$,130,909^' '4,702,128
$7,844,570
.
N.
,
Molding—
plywood simple and
inexpensive is now being sold by this corporation, E. B. Creigh, direc¬
tor and manager of the molding division,, announced on Jan. 28.
The moldings permit installation of plywood, far more economically
than possible previously, Mr. Creigh said.
The use of moldings com¬
pletely eliminates the necessity for fitting, nailing,. counter-sinking
and puttying with the result that installationi'xan be done quickly, at
less cost,
and with less labor.
'
These weldwood moldings are made with genuine wqod veneer faces,
that
molding
new
fixed,
73.32
10,029,903
'
income..^
Earnings
Incorporated—Expands
Textron
for
charges..
Contingent charges.:
securities' and
•'
»
:
of
sale
^.2
Fixed
the Oceanic Steam
the liquidation of
revenues——.
Net railway operating income—
available
f
1946
$82,789,469 $68,009,685
5,628,396v 7,571,802
94,657,837
80,766,674
69,407,447 f 65,570,599
.
railway operating
Income
Navigation
-j.
EquilJment and Jpint' faciUty jenW.'.ii—:
provi¬
dividends
tPrincipally from
1947
-
•
railway operating expenses_._^_c_r.__^._
Operating ratio..—
Railway tax accruals2_-...-—______i__f_-.—_i.'
$6,63.1,684
1,484,206
provision for preferred dividends—.
earnings per common share after
'•
revenue—
Total
$10,190,000
outstanding, Dec. 31
earnings per common
share
Total
sion
Total
'■
revenue...
Pas enger
$6,041,158
$8,033,000
vessels
profits
Operating
%.•/.-1946;
v*2,157,0008598,526
taxes)
or
shares
Common
the
of
operations
12 Months Ended Dec. 31-*-.'..
(& Subs.)—Earnings—
%"1947
Liquidation of securities
"Estimated.
company's stock is publicly owned.
the financing are expected to take
last-mentioned
Proceeds
proportion of the $4,000,000 addi¬
by Dallas Power &
be sold
to
common
Regular
Utilities Co. will substan-
Texas
its common stock investment in all three operating
companies.
It will buy an additional $1,500,000 common stock from
Texas Electric Service, $1,000,000 common from Texas Power & Light
enlarge
tially
FINANCIAL £ CHRONICLE
Years Ended Dec. 31—
i
»
&
United States Lines Co.
*.'%VV: ■'••'
■
April, Texas Power & Light
In
COMMERCIAL
Inc..
and
the
Luke's Hospital
Reinsurance
of New
Corp.
York.—V.
of
New
167, p.
York,
693.
and
•
.
,
a
trustee
a-v
of
Volume
167 Number 4673
THE
COMMERCIAL
Stock Record
&
FINANCIAL
CHRONICLE
(753)
New York Stock
«»
Exchange
DAILY RANGE OF PRICES
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
FOR EVERY LISTED ISSUE
Range for Previous
STOCKS
Year 1947
Lowest
t per share
Lowest
$ per share
66% May
90
Range since Jan. 1
Highest
87 V2
Jun
110
66% Feb
July
80
NEW
Highest
S per
tper share
Jan
13
Feb
6
LOW
STOCK
Saturday
Par
Abbott
2
Laboratories
Jan
8
10 3A
Feb
4% Feb
11
6% Jan
9
ACF-Brill
43 %
Apr
60
Oct
45 Va Feb
11
52% Jan
5
Acme
18%
Oct
38
May
30% May
55
Jan
6
40
10 Va
May
25'/a
100
Dec
387A
Nov
35/a
lG'/a
Dec
Dec
:
-25'A May
56
10'A
24
Feb
102
Jan
2
3% Jan
Jan
10
2
46 Va Jan
36
27
8 Va Jan
15
26% Jan
8
Air Reduction
2
Alabama
Jan-
4 Vs Jan
8
Alaska
Juneau
Jan
5
Aldeng
Inc
80
Jan
20
10
3% Jan
2
Feb
10
41% Jan
2
Feb
37
Nov
70% Jan
7
Feb
25% Feb
11
72
Jan
Allegheny Corp
5 V2 %
17
30% Jan
5
-
Nov
8% Feb
11
11
Jan
Nov
171'/a Feb
11
190
Jan
5
22 Va
Feb
36 V4
Oct
5
Allied
21% Jan
30
Allied
Kid
5
33% Jan
5
Allied
25
Feb
11
31'A Jan
84
Feb
13
89
9
Jan
42%
Oct
33 Va Feb
11
39% Jan
5
91
99%
Oct
89 Va Feb
11
92'/a Jan
8
73
Jan
26
5'A Feb
47
Feb
10
Dec
86% Feb
6
50%
Dec
Dec
80
20% May
65 % Dec
43% Feb
11
Apr
11%
Dec
30 Va Jan
9
7'A Jan
50
Jan
12
13
Mar
51% Jan
6
52
Jan
21
59
Feb
Jan
19
Feb
10
21% Jan
Jan
9
64'/a Jan
13
11% Jan
12
13
42% Jan
9
9
May
17% Feb
May
50
Feb
37 Va Feb
110'A
Nov
104% Feb
11
107% Jan
7%
Feb
3% Feb
11
4% Jan
Dec"
37/a May
75'A Dec
99
Mar
5
;
6
80 % Jan
166
Dec
196 Va
Sep
168
Jan
26
175 Va Jan
May
54%
Feb
38
Feb
11
43% Jan
9
76'A Feb
conv
9
May
115%
Jan
97
Feb
7
100 Vs Jan
21
7%
May
28'A
Feb
19% Feb
12
22 % Jan
8
Amer
110
Feb
104% Jan
28
106 Va Jan
15
56
>
Aug
46 Va Feb
6
50 Va Jan
13
26 Vi
Sep
Feb
18 %
Dec
24
Feb
88
Dec
102
Mar
38%
101 Va
Dec'
48% July
Oct
Dec
118'A
25 Va May
46
3% May
13
6%
Jun
16
Jan
Dec
.
2
Dec
6%
Dec
115 Va
Jan
conv
16% Feb
4
19 Va Jan
5
American
16
Feb
13
19% Jan
10
5
33% Feb
10
94 Va Feb
11
26 Va Feb
10
Jan
13
5
4%%
40% Jan
2
American
2
5
16
2
Jan
I
22
Jan
30 Va Jan
15
Jan
17% Jan
2
Jan
5
2'A Jan
2
13
89'/a Jan
7'A
9
Dec
25%
7
Feb
8% Jan
101'A
Feb
66
Feb
-6
77% Jan
Apr
37 Va Jan
20
40
9Va
Oct
5Va Feb
10
5% Ma y
49
-
Jan
55
6
Feb
13
53
Jan
11
24% Jan
6
Jan
6% Feb
Nov
13 Va Jan
Feb
20
116
Jan
7% Jan
4
10% Feb
30%
Dec
92
Oct
13
92
12
Jan
5
11
101% Feb
7
Highest
t per share
18'A
Jun
80
Dec
7%
28%
15%
x25% May
127
32 Va
Dec
11
2
79% Feb
Feb
6% Feb
5
84 Va Jan
11
8V2 Jan
25'A Feb
13
128 % Jan
2
28 Va Jan
132
Jan
Feb
11
8% Jan
29
Feb
10
32% Jan
13
Feb
7
Feb
10
8'% Jan
8
170
7% Feb
81
Feb
11
95% Jan
74
Feb
11
85 Va Jan
9%
13
14% Jan
Oct
172
Jan
Feb
25% Feb
11
109 Va
Feb
91
Feb
13
16%
Feb
10% Feb
11
5
15 'A May
22%
Feb
17 A Feb
34
42Va
Oct
38'/a Feb
48 Va May
70 Va
142
Dec
32
Dec
40
Dec
158
25% May
23'A Jun
37
136'/a
21
34
149%
Dec
July
Mar.
26
47 Va
Dec
146% Feb
20
Jun
174%
Oct
conv
Locomotive
xll6%
Dec
Va
Jan
American
5
9
4Va% conv preferred
American Safety Razor
American Seating Co—
19
Jan
40 Va Jan
56% Jan
151
Jan
34 Va Jan
14
Mill
2
Am
9
9
American
Snuff
Steel
23 Va Feb
11
26% Jan
12
American
20 Va Feb
34 Va Feb
9
13
125
Feb
4
18
Jan
21
24 V2 Jan
39 Va Jan
129
par
6%
13
69% Jan
non-cum
141 Va Jan
14
60% Jan
2
116% Jan
7
Feb
2
11
119% Jan
40 Vs Feb
11
44% Jan
21
99
Jan
30Va Feb
11
Jan
90% Feb
7% Jan
64
Dec
34% Jan
6%
Dec
30
Feb
10
38
51
Jan
33
Feb
13
38 V2 Jan
4
104 Va Jan
10
53 V2 Jan
16
Jan
6%
Feb
39 Va
Oct
For footnotes see page 24
16 Va
90
*88%
35 Va
*88%
90
*88%
90
33%
35
33%
35
35%
98 Va Feb
48
Feb
18 Vs Feb
9
V2 Feb
Tobacco
class
Woolen
Preferred
2
Conv
9
Amer
1 9
85
9
Anaconda
v;
New
Lead
conv
26%
26%
500
5%
5 Va
5%
5 Vs
5%
14%
5%
14%
14 Va
5%
14'/a
1,200
16%
16 Va
14%
16%
14%
16%
16%
700
16
16%
2
2 Va
4,900
6,700
17
16 Va
2>/s
'78 '
78 Va
2
7%
2%
68
38V2
'6%
6
55J/2
*51
22
*6%
*10%
11%
*15
21
dc
22 %
6%
11 Vs
10%
15%
xl4%
17%
Monday
*79%
*26%
*80
10%
10%
14%
*14%
14%
20 Va
20
20%
500
20 Vs
20%
101%
101 Va
6,600
*100%
101%
100
*100%
SALE
Feb. 11
V
P
W
*128
16 Va
80
81
81
6%
129
Thursday
$ per share
16%
7
26
129
6%
26%
25
129
11
the Week
Shartt
131
16%
17
80%
LINCOLN'S
6%
6 Va
700
BIRTHDAY
6'/a
*129
fifties fur
Feb. 13
80%
26
Va
Friday
25 Vs
25%
2,200
128%
"
1,700
210
129
240
7%
7%
*7
31%
31%
29
7%
7V'a
7 Va
7
7Va
7
7%
85%
85%
85 Va
85 Va
83
85 %
81
82 Va
76%
•
7%
31 Va
7%
•
7%
*30 V2
76%
76%
76%
82%
75
76 %
83%
74
74%
74
13%
13
74%
13 Va
12%
13
2,700
1,900
12%
127/a
22,400
13 %
<
13 V2
*169
13%
174
*169
172
*167
7Va
7%
172
7%
*29%
30
30 Va
*167
172
*7%
29%
7
*165
7%
400
30
900
7%
13,400
172
28%
26%
28 Vs
25%
26%
26
93 Va
94
26%
92
92 Vs
91
92
I8,ioo
450
10%
10%
10%
10%
18%
10%
17 Va
10%
17%
10%
17%
10%
*17%
17%
*39
39V2
39 Va
17Vs
17 Va
39
par
49%
50%
—100
143%
143%
25
32 V2
—100
Tobacco—
♦138
27%
■
*20 Va
21
*36 Va
20 Va
36%
*124Va
*125
150%
150%
64
1
64
139%
48 Va
64
7,700
143 Va
144
32 Va
138
"
142
32 Va
-
64
49
42%
26
26 Va
23 Va
23%
20 Va
35 Va
20 Va
36 Va
127
35 Va
*124
126%
18 Va
18 Va
150%
150%
149%
65
64
Va
64 Va
139 Va
139 Va
49 Va
f-s,
117%
V.
48
*117%
64
',
65 ;
139'/a
49
118%
62 Va
'
*63
47
7%
7%
7%
43
No par
♦86
89
*86
7%
44
*95
40%
98 Va
*96
7Va
43
7
65
<98%
96
Va
89 Va
85%
85%
*83
6%
6%
6%
6
64 Va
*58
*60
65
•
*60
*23%
*19%
34%
*124
10
3,300
23%
600
20%
400
34%
1.2UU
127
18%
18%
1,100
148%
149%
35,100
62%
62%
62%
139%
139%
118%
41
47
*117%
7%
62%
1,500
63
4,900
139%
380
47%
4,600
118%
80
7%
2,800
23,600
41
41%
95
96
88
Vs
900
26%
18%
7%
'40%
6%
6%
26
150%
47%
*117%
560
32
140
63%
139 Va
'
43%
20%
35
v
18 Va
151
48 Va
99
*60
20 Va
*125
144
31%
*135
24
v
117
*95
6%
140
27%
64
139 %
117Va
7%
144
32 Va
*135
24
18%
64%
139 Va
142
32 Va
138
26%
36%
64
100
1
270
48%
126 Va
150%
25
25
38%
47 Va
20%
36%
126
—100
com..
38%
27%
1.8%
common—No par
>
46% .47%
"
18%
5
38 Va
24 Va
18%
—25
40
50%
32 Va
*24
5
common
39 Va
47 Va
140
27%
24%
800
39%
144
32 Va
140
4,500
50%
50
143
32 V2
•138
—No par
Smelt
900
$ per share
95
95
*82%
6%
63
6
200
87
6 Va
*57
100
Va
2,000
62
50
32%
32%
32%
32%
31%
32%
30 Va
31%
30%
31%
18,300
.No par
31%
31%
31%
32%
30
32
30
30
30
31%
35%
2,620
*34 Va
No par
35%
33%
34%
*33
35
*98%
98%
98%
*98%
99 Va
99
99
*98%
49
49
48
49%
48
48
*46%
18'A
19 Vs
18%
18%
Wire dc Cable
——
Andes
26'A
17%
80
7'/a
10%
Feb. 12
$ per share
17
80
*
PRICES
Wednesday
Feb. 10
26%
129
'
100
14%
Tuesday
*7%
27
800
15
$ per share
18
80
7%
II,000
6%
95
94 Va
Anchor Hock Glass
Corp com—12.50
84 preferred
A
80
7%
*128
*17%
21%
10%
Feb. 9
t per share
17%
50
*6 Vs
95
*100%
102
f per share
2,400
21%
6%
*80
500
700
5%
2oye
21
*100%
38
5%
50
21%
6%
95
*37%
55
20%
6%
*80
3,100
67
5%
5%
*50
1,100
7%
*65%
11
Copper Mining.!
10
Jan
6
52 Va
75%
7%
38%
x21Va
20%
101%
38
22%
*10%
15
20%
101%
38
5Va
6 Va
75%
7Va
66
*50
95
*14%
7
66
38
6
*80
76 Va
76
7Va
68
55 Va
6%
95
2
68
38 Va
22%
6%
*80
2
78%
7%
68
♦38
2 Va
76
7%
7%
67
2
78 Va
18%
preferred-
10
5
95%
26'/a
*10%
prior preference
Zinc
prior
10
800
95
*25%
28 Vs
100
23% Jan
34 V2 Jan
95
8,500
*17%
B
American
9
1,300
35%
28 %
Am Waterworks Co Inc
31
16
90
34%
15%
*27%
Sumatra
16
*88
300
1.100
5 Va
*24 Vb
11
Jan
17'/a
.4
♦14%
No par
Co
10
17%
51/2
Foundries—:_No par
Stove
47
17%
—Nopar
Nopar
preferred
Anderson, Clayton
Anderson-Prlchard
4% Feb 11
u Feb 11
29
Jan
94 Va
47
17 Va
95 V2
preferred
Anaconda
38 Va
Apr
Common
5
Dec
Dec
17%
17%
28
American Viscose Corp
common—14
5%
preferred
100.
13
Jan
8
95
10
Jun
American
5
6
11
16
3%
l7Va
*17 Va
100
1,900
*
15%
22
•
American Sugar Refg
common—100
Preferred
—100
6
12
47 v.: Feb
11
9%
17%
17%
17%
410
3,000
20
106
47
17 Va
19%
*104%
106
*46%
*93
*95
2
Jan
20
2,700
169%
40%
96 Va
5
American
19% Jan
106
20
39%
96
10,500
79
169%
39 Va
*93
*104%
.
4. /
77%
47 Vs
'
2,500
I.200
3%
78
47
*17%
*6
No pai
5
62'/a Feb
136% Jan
6% Feb
Apr
106
47%
600
38 Ve
105
10
Stores
62% Jan
58% July
24% Dec
106 Va
*46%
*50
Par
common..
American
85% Feb
111% Mar
20
310
10 Vs
37%
104%
170%
38
61
—100
>
9
Feb
Jan
♦106
76%
98%
20 Va
2,000
4
169 Va
'39
*94
1,400
19'A
10 Va
104%
3%
77 V*
7%
55%
*59 Va
39
38%
170
38 Va
LOW AND HIGH
;
Preferred
26
140
76 Va
21'
7%
19%
11
104 Vs
r
400
55%
61
4 Va
170
100 Va
20%
Saturday
Ship Building Co
Smelt di Refg common—No
Jan
Apr
46%
-
*38
,
com
Amer
29% Jan
Jan
Nov
14%
12
Rolling
5
10%
101%
30
5
Jan
11
69 Va
Mar
27%
7%
—100
12 Vs Jan
101
Nov
35
Preferred
Feb
110%
42
♦95 Va
88%
67
No par
American Tel dc Tel Co
Feb
20%
■
40%
1,000
33,400
19 Va
10%
40%
105
4
170%
:
2
1
£—$——No
Jan
-
103 Va
30% May
,,
13
preferred
American
50% Oct
20%
39%
Va
78
40
.
Feb. 7
com
8
Dec
97
78
1
$5 preferred
No par
Amer Rad dc St
San'y com—No par
Jan 27
32% Jan
Light
5
"
*
11
Jun
May
36 Va
11
May
5% May
62
11
176
$6
Power dc
68 Va Jan
8%
78
*169%
•
*16%
»._100
STOCK
153% Jan
120 3A Aug
40
2,400
44
56
*59 Va
10%
*104%
4%
88
*5%
—100
13
Dec
40 Va
88
•
*14%
Nopar
preferred
13
60
Oct
7%
68 Va
-
par
common
62% Feb
163% July
78%
*10%
105
4Va
170 Va
39%
88%
■
—50
148% Feb
•/ Dec
41% May
4%
17%
preferred
Feb
84% Feb
.
40 Va
105
18
Nopar
82 Va- Feb
Apr
11 Vs
*17%
_
Oct
Apr
90
31% Feb
135
61 Va
26
Feb
Jan
62
135
46% Feb
142
£ Feb
.
28% July
29% Jan
May
"May
18 Va
:
172
Jun
116
•
28
Aug
Jun
llVs
*17%
par !
9
37 Va
11
2,200
*43
'
19%
300
.
5%
50
7%
X56
96
Amer
9
12Va Feb
May
99
60
26%
12
Feb
Feb
186
24% May
Feb
117Va
.17
Dec-
19%
59
_10
100
Amer Machine <fc Metals
Nopar
American Metals Co: Ltd com.No
par ;
6%
preferred
L
—100 <
American Molasses Co.
:
1 <
American News Co_
"—No
2
Feb
58%
19
58 Va
95%
Amer Mach & Pdy Co com
3.90% cum preferred
L.
2
16%
129 Va
57 %
59
20
47%
1
14
14%
7%
19%
%
27
5%
300
*47
'
7
July
43%
■7%
58 Va
40
44
44'A
58 Va
105
10,000
-27
88
7%
26 Va
7%
9
39%
Dec
44
7% '
59
EXCHANGE
Dec
Dec
45
7%
100
34
;
89%
,
28
American
2
May
11% May
44 Va
7%
84
5 Va
47
87 Va
"
♦27
$ per share
20
28 Va
76 %
90%
27%
NEW YORK
Dec
85
88
99
12
8%
7
j
American International
Corp.No par
American Invest Co of 111
1
8
Jan
July
147
92%
14,100
33%
*87%
27
5%
47
*97
Highest
16 Va Feb
Jan
101
Dec
Lowest
I per share
Sep
27
5%
47
36
Range since Jan. 1
I per share
27 Va
5%
47
STOCKS
Year 1947
89%
91%
•
IO6V2
—100
Home Products.;
American Ice common
6%
non-cum
preferred-
15Va Jan 30
104 V* Jan
34 Vs
99
6%
13
22 V2 Jan
X27 Vs
5Va
400
1,800
26
84
33%
89%
50
1.700
30
25%
86
90%
35%
Range for Previous
Lowest
"
—,
Feb
28 Va
5 Va
1,500
■;
19%
30
347/a v
*83
9%
173
*18%
*
*46%
American
5
Jan
11
Jan
33%
*84
*97%
5
20% Feb
*27%
*48
10
$7 2nd preferred A
5
50
14 Va
r
18% May V
102
7% Jan
Jan
! 13
C
$6 preferred
;
No par
American Hawaiian SS Co
10
American Hide dc Leather com
1
7
Jun
.
106 Va Mar
Apr
9% May
May
Jan
10'A
May
90
12
11
x34 %
227/. July
:
Feb
90%
97
-
Amer dc Foreign Power
com__No par
$7 preferred
No
12
42%
35 Vs
90%
86
10
8
Dec
July
74'/a
34%
91%
*105%
____—_
37
*84
35 Vs
-*77%
American Encaustic
Tiling
1
American European Secur
Nopar
American Export Lines Inc—40c
31
75 Va Feb
86
"58
20%
* 169
100=
com—
172
19%
200
94
9%"
173
171%
*19
preferred series A—
100
American Distilling Co———20
12
6% Jan
16
Cyanamid Co
172% 173
*85
9Vs
25%
104%
3Va%
2
14% Feb
88 Va Jan
106
94
8%
25
4%
No par
com
*85
9%
27%
No par
Crystal Sugar
prior preferred
•A
25 7 s
40
-
'
—25;
Colortype Co
4,700
9
11
No par
Co
26%
95
27%
57
1
preferred——
25%
*87
*
37
27%
20
100
Inc
37%
72
2,700
*70%
26%
*58
100 '^
American
Jan
Feb
86
5%
Cable
American Chicle
88
Feb
17 Va July
20 Va July
Chain dc
23,600
71%
25%
27 V2
89Va- 90
44V2
44%
y,~
com___No par
preferred
3't-
37%
*70%
30
7%
__100
non-cum
37%
71
38%
30
5%
50
27
30%
28%
4.000
2,900
2%
20
50
3%
15%
80
3
19%
5%.
1
Preferred
2%
30
*27%
•
3%
15 Vs
80
31
*47
105
'
20
34%
1
American Car dc Fdry com
20 %
19
Co
A
176%
*84
1,200
1.600
10,300
*98
20
86
7%
24%
3%
15%
6'2
30%
•
28%
7%
24 Vs
7%
30%
>*90%;
No par
preferred
Radio Corp
16%
44
70%
10%
175
5,600
1,800
4,600
26%
"7
95
*9%
1,400
14%
24%
20%
*84
1
American Can" common—..
94
105% July
47'/a Oct
Shoe
10
48
,
14%
28%
103
*79
3
37
27%:
*87
'/4
4
*40
29
3%
=
16%
2%
"
39
95
3%
5
BIRTHDAY
7 Vs
24 Vs
*98
82
80
LINCOLN'S
14%
27 Vs
-
No par
Amer Cable dc
8
36
Brake
4%
8
~
72
178'A
_
3%
15%
*79
3 Va
27%
7%
24%
105
67
4%
44
28%
Shares
66%
46%
3CV2
Chemical-No par
American Bosch Corp
3
38%
*20
common
3%
*70%
*176
Corp^
7 Vs
24
16%
*38
30%
*98
82
27%
5
——
Amer
Vs
39
*9%
3Vi% cum conv preferred—100
American Bank Note common
10
6% preferred
50
2
36
Agricultural
3%
16%
♦79
—No par
com
7%
25 %
14%
-
the Week
*76%
5
45%
15'A
44
29%
105
71%
1
*8'7
_No par
Petroleum
3
38%
preferred—___50
American Airlines
5
77 Va
58 Va Feb
10 % Feb
107%
Amer
9
31
-
convertible
Amerada
9
8% Jan
6%
30%
4%
Sales for
Feb. 13
$ per share
80
5%
15
Friday
f per share
67%
*76%
50
*40
7%
3%
27%
1
—
Inc..
Alpha Portland Cement
Amalgam Leather Co Inc
2
106% Jan
Dye
Co
4%
15%
24%
16%
*il.
-
Allis-Chalmers Mfg common..No par
3%% cum conv preferred
100
6
6% Jan
6
Apr
107
34% May
7
26
Feb
51
Mar
50 3A
Jan
8'A
100
Allied Stores Corp common—No
par
4%
preferred—i.
100
12
30'A May
35
dc
Mills Co
39 V* Mar
.
Chemical
22
Feb
80
47
44%
*98
82
3
100
Jan
105 Va July
Jan
1
West Ry 6% gtd.__,
Industries Inc.
30
Dec
3%
16 Vs
par
Allen
7%
*7?Va
preferred-No par
conv
19
•
90
46
prior
15%
105
5
preferred A_
$2.50
5%
*40
68%
*76%
50
*30
25
*98
10
common—,
5%
44%
100
Alleg dc
Jan
24% May
5% May
Minings
Allegheny Ludlum Steel Corp_No
Apr
30
Jun
Gold
common
80
50
30 Va
24%
100
preferred
67
*76%
' 15%
7%
No par
»
68 %
69%
Thursday
Feb. 12
$ per share
-
1
Inc..
21
4%V
15 Va
Feb.11
$ per share
5%
30 Va
PRICES
Wednesday
68%
\
50
*42
10
Vicksburg Ry
13
12%
202
18
May
29% May
dc
20
2% Feb
1,
No par
Corp
15 Va Feb
Jan
*49%
.
Addressograph-Muitigraph Corp
Admiral
5'A
10
SALE
Feb. 10
.
$ per share
80
2.50
Adams Express
Adams-Millis Corp
9
102
*76%
Co
Co
80
48 Va
May
8teel
Jan
15
31 Va
104
Dec
164
Feb
Feb
76%
Dec
Nov
17% Jan
10
44
Jan
27 %
9034
6
13
7% Feb
102% Aug
53A Feb
May
11
44% Feb
28'/a Feb
Feb
6'A
75
14% Feb
Oct
Feb
112
Dec
2 3/4
%
Motors
70
No par
Abraham dc Straus
Dec
*69 V2
HIGH
Tuesday
Feb. 9
$ per share
No par
com
AND
Monday
Feb. 7
share
79% Jan
90
YORK
EXCHANGE
57/a
13 Vs May
13
dc
Co
Oil
Corp
Copper Mining
Products Co Inc
Archer-Daeilels-Mldland
21%
10
20
*34 Va
49
*19%
*9%
100
49
19%
*19
10%
5
*4%
4%
Nopar
*30%
30%
19%
*9%
-
V
..."
10
r ;•::=■
9%
9%
*8%
Va
9%
33
18
33%
Va
4%
4%
30 Va
29%
4%
30
4%
29
*8%
-
20
47%
600
18%
5,800
10
}
4%
4%
4%
100
1,400
29 Va
X29 '/a
29%
2,100
"
*41/2
30
600
100
;
14
THE
(754)
COMMERCIAL
FINANCIAL
stocks
Range for Previous
Range since Jan. 1
Highest
Year 1947
Lowest
&
YORK
NEW
••.;
.
STOCK
Saturday
EXCHANGE
Lowest
Highest
CHRONICLE
■
v.;; LOW AND HIGH SALE PRICES
Tuesday
Monday
Wednesday
Feb. 10
Feb. 9
Feb. 7
Monday, February 16, 1948
Thursday
Feb. 11
Friday
Sales
Feb. 13
Feb. 12
the Week
for
'
11% Feb
8
Illinois
com—1_5
No par
Cork
No par
*42%
43%
43 %
No par
89%
83%
89%
89%
Oct
Jan
95
Feb
13
Jan
41% Feb
10
49% Jan
Armstrong
110
Feb
88
Jan
29
94 % Jan
Jun
55
91%
Dec
14
Sep
106
Jan
19
Jan
14
Feb
5
14% Feb
10 % May
17%
Feb
12% Feb
11
15% Jan
Artloom
137/s
Dec
20%
Feb
13% Feb
13
29
99
100% Feb
Dec
132%
Feb
3
99
Dec
134
Feb
96
Feb
11
102% Jan
Dec
34
Sep
26
Jan
5
28% Jan
12
66
May
99
Jan
84
Feb
11
97% Jan
5
112
Feb
99 % Feb
13
101% Jan
12
18% Feb
14% Feb
11
Feb
x45% Feb
10
Feb
25% Jan
6
Jan
22
68
22
x98
Dec
10% May
59
40% May
23 y2
Jun
62
Jan
34%
77
Mar
68
17
30% Feb
13
38% Jan
2
Sep
102
Feb
9
107% Jan
13
91
Feb
9
21% May
26% July
20
Feb
57
Apr
73
July
55
Dec
121
July
Jan
*26%
26%
26%
Atch
com—100
89 %
100
*100%
100%
10
15%
15%
48
48
35
36
*65
70
Topeka
5%
& Santa
Fe
preferred
T
inc
F
5%
No par
common—1
Atl G & W I SS Lines
preferred
Refining common
100
non-cum
Atlantic
4%
2
Feb
13
64
Jan
9
Atlas Powder common
111
Jan
22
114
24
Feb
11
Jan
9
4%
24% Jan
20
Atlas
Austin
Feb
6
Jan
6
7% Jan
29
13
Jan
26
13% Feb
.5
17%
Dec
29%
Jan
15% Feb
11
15% Dec
27%
Jan
16% Jan
6
7% Feb
4% Feb
35% Jan
10
8
5% Jan
29
Jan
7
19
11
Feb
Jan
19% Jan
22
38
Conv prior
Autocar
Co
of
BIRTHDAY
14%
14%',
127a
12%
12 7/«
1,700
13%
13%
3.90J
101%
101%
..
13%.102
101%
220
500
270
96
96
96
96
120
23
26%
26%
26%
900
85
.
•
26%
87%
84
86%
86%
87%
10,800
99%
99 r%
1,000
15
4,000
<
100%
37
70
100 %
99 %
15%
14%
14%
45%
46
34%
34%
15
x45v!
46%
34%
36
*68
77
100
*68
*14%
46
46%
1,700
33%
77
33%
2,400
76
*68
32
32%
31
102%
102
102
102
103
92%
91%
92
91 %
92
92
92
*20%
21%
20%
20%
20%
20%
20
20%
20%
20 Vb
*58%
59
59
59
56
55%
56
55
56
110
*107
110
*107
*106
110
*106
110
24
24
*24
*24
*24
25%
25%
6%
6%
6%
*13%
14%
*13%
14%
*16%
16%
*16%
*17
17%
—5c
Amer—5
4%
110
25%
6%
6%
6%
*6%
13%
*12%
13%
*12",
16%
5
37%
57 %
30%
16%
167'a
"■
18
47h
5
38 %
*37%
31
6 %
18
4%
"
$2.25
30%
102
13%
.
167a
18
32%
102
*24
6%
No par
Mfg Corp (The) common—_3
conv preferred—.
No par
Avco
14%
12%
91
*107
—
Co
89%
26%
48%
36
_No par
pfd ($1.20)
Automatic Canteen
48%
*68
89%
102
100
Corp
Nichols common
16
400
3,700
LINCOLN'S
*14%
101
*96% ?• 98'
■/
16
1
xlOl
26,700
89%
92
No par
"preferred
conv
•13%
12%
42%
102
32'%
No par
Tack
13%
.
-Xl3%
.
89%
100% 100%
32%
13%
*
Shares
95
92
100
—5
series. B
14%
'
13
lV/o
95
,.42.%
*100
25
preference series A—100
conv
12
*88%
$ per share
43
89%
$ per share
97%
42
14 %
14%
14- \
88
90
117 a
97%
42%
89%
v.,
26%
22% Jan
Feb
49
10
Associates Investment Co
11
12%
Dec
2d
M
c
14%
103%
98%
Preferred $3.75
Atlas Corp
18%
4% May
14%
101
98%
6
Dec
36 %
14%
103
98%
Jan
97
13
5% May
14%
*102
*98%
Atlantic Coast Line RR
Aug
271/2
common—1
preferred—
100
preferred.
100
2
113%
22 y4 Mar
14%
*13%
28
Jan
105
lUVa
14%
13%
50% Jan
Dec
Dec
13%
Goods
12%
99
,98
*14%
Dry
1st
7%
12%
$ per share
41%
13
100
*98
102
5
39% Jan
Nov
40
6%
12%
12%
12%
*100
No par
Corp
Corp.
A
Jan
91
Apr
com
2
17
105
31'/a
Co
Constable
Associated
12
25
of
preferred
$3.75
Arnold
15% Jan
108
Jan
$ per share
v
43 %
Co
&
Armour
15'/a
Dec
38 %
$ per share u
$ per share
$6 conv prior preferred
14% Jan
11
Par
130%
9% May
103
$ per share
$ per share
$ per share
$ per share
>
37%
6,600
310
410
2,500
420
24%
.
100
6%
500
13%
100
15%
16%
15%
15%
1.400
*16%
16%
17
17
1,300
4%
36
-
30%
4%
37%
4%
4%
4 •'%
13,100
35%
37
*36
36%
900
\
B
13
Dec
16
13%
Dec
24%
7% May
16%
Feb
11
Feb
12% Feb
11
10% Feb
11
13% Jan
20% Jan
Baldwin
Locomotive
Baltimore
10
18
&
common
17
9,800
13%
13%
2,100
60
60
44
44
44%
45
42%
43%
42%
42%
42%
42%
Barker Brothers
10
22
22
22%
22 %
22
22
20%
21%
22%
22%
50
*42
43
42
42
*40%
42%
9
—100
—
common
45%
Dec
54'/4
Jan
42
Feb
10
44% Jan
5
4%%
Apr
39%
Dec
31
Feb
11
37% Jan
2
Barnsdall
8%
Dec
19%
Feb
9% Jan
6
11% Jan
8
Bath
Bayuk Cigars Inc
preferred
Oil
Iron
Co
18
Jun
24%
Nov
19% Feb
11
23'% Jan
2
Dec
62
Jan
31
Feb
13
38
Jan
7
83%
Dec
110% Jan
85
'90
Jan
8
Beatrice
„;:/3 % %
17%
Dec
20% Aug
18% Feb
9
Beaunit
96 y2
Dec
Jan
9
Beck Shoe 4%%
Jan
29
Beech
Jan 12
Beech
Creek
37
Jan
5
Beech-Nut
16% Jan
5
18%
Oct
14% Feb
11
181/4
Jan
15% Feb
24i/2
jan
11%
10% May
95
.
Dec
28
May
25%
Nov
18% Jan
30
Bell
Aircraft
3
24% Jan
2
Bell
&
Feb
6
94% Feb
3
26
Feb
11
19% Feb
Feb
11
31
8
Bendix
Jan
19%
19 %
31
31
87
86
*85
86
85
*85
18
18
*92%
1
10%
33%
14%
14%
18
21%
—5
27
16% Feb
11
21% Jan
2
Bendix Home Appliances
-33 %c
Jan
23% Jan
20
24% Jan
5
Beneficial
No par
Feb
80
Jan
6
84% Jan
19
24%
Dec
35%
Jan
23% Feb
10
26% Jan
9
Best
&
19%
Apr
32%
Oct
25
% Feb
11
31
Jan
9
Best
Foods
30% Feb
11
35
133%
129
Jan
30
Dec
150
Jan
Feb
13
137% Jan
9
66
Feb
53% Jan
23
62 % Jan
8
13%
18i/2
Jan
13% Feb
13
14% Jan
14
Dec
25
$ per
$ per share
36
May '
x20%
NEW YORK
Feb
Feb
11
23% Feb
11
31
.
7
Black
9
Blaw-Knox
5
Bliss
5,
W)
15
Feb
11
17% Jan
34
Feb
10
37
Jan
7
Oct
21% Feb
10
26% Jan
17
29%
Nov
59
Feb
30% Feb
13
33% Jan
30
Bohn
89
Dec
116
Jan
8T%
Feb
13
96
Jan
12
45%
Dec
67
Jan
42
Feb
5
51
Jan
19
35%
Feb
21
Feb
10
26% Jan
5
49%
Jan
39% Feb
17
■'
25
May
38% May
37% May
881/2
Dec
3% May
13
41% Jan
55
Oct
42% Feb'11
54% Jan
5
102
Sep
88
Feb
2
6%
3%
Feb
Feb
7% Jan
8
8% Jan
81
Dec
96
Jan
Feb
10
9% Jan 13
23 % May
30%
Nov
90
Dec
28% Feb
11
25% Feb
11
71
Feb
30,
10
11% Feb
2
33 % Jan
9
29% Jan
Feb
2
Brigg3
29% Feb-13
37
Jan
6
Bristol-Myers
Apr
93% Feb
96% Jan
30
16% Feb
-
5
11
18% Jan
&
Stratton
Co
Feb
Jan
28
Feb
11
32
Jan
14
Apr
90% Feb
13
94
Feb
5
20%
Dec
27%
Feb
18% Feb
11
21% Jan
5
20% Nov
16% Feb
11
19% Jan
5
Bucyrus-Erle
9
120
Jan
Dec
122% Jan
6
9
May
14%
Feb
8% Feb
11
10% Jan
69
Dec
86%
Feb
Feb
13
74
Jan
14
X32% Feb
13
36% Jan
X68
37% Nov
123% Jan 19
5
Shoe
Brown
$3.60
7%
Inc
Co
preferred
(The) Co
Budd
$5
Co
2
Buffalo
83
Jan
6
88
Feb
4
Buff
16% Feb
4
18
Jan
7
Bullard
26
38% Feb
Feb
5
35% Jan
6
Bulova
Watch
Feb
16% Feb
11
21 % Jan
5
Feb
84
Jan
5
88
Jan
13
Burlington Mills Corp
4% preferred
Mar
81
Feb
6
89% Jan
9
81% Feb
10
88
12% Feb
13
14% Jan
2
•7% Feb
11
10% Jan
15
Jan
27
86
Jan
30
10% Feb
11
12% Jan
Jan
5
Jun
6
May
Jun-
■72
95%
Oct
Dec
88
Jan
11
Dec
79
Dec
3
Dec
6
13% May
94% May
104
19
Jan
16%
10
•:
81
24% Feb
108 %
14
Jan
> 81
Jan
2
3
Jan
20
Feb
22% Oct
Jan
6
89
3% Jan
13
98% Jan
15
104
Feb
Jan
Monday
HIGH
SALE
Tuesday
Feb. 10
$ per share
$ per share
Feb.ll
$ per share
29
28
xl3
26%
26%
24%
26
Friday
23 %
Sales
Feb. 13
Feb. 12
the Week
$ per
13%
26%
Thursday
$ per share
28%
14
*29
900
.900
PRICES
Wednesday
Feb. 9
1,000
*28
share
for
Shares
.
29
400
13%
24%
15%
BIRTHDAY
4,000
23 %
LINCOLN'S
13 %
23%
2,100
35
34
34
22%
22
22%
13,300
31%
31%
31%
31%
31
31%
30%
31
30%
31 %
2,100
15
*34
*15
15%
300
140
*88
90
89
89
88%
88%
87%
87%
44
45
45
44
44
42
43%
42%
42%
230
*22%
22%
23
23
21
2274
21
21%
21%
21%
4,600
40%
40%
X40
39%
40
39%
40
39 %
39%
4,300
45%
46
45%
46%
44
45%
42%
44%
44%
45%
5,100
89
88%
88%
*88
89%
88
88
*3%
*87
44
*88
7%
89%
*71
7%
75
40'/a
35
367'a
*35
7%
774
7%
:
500
4
3%
3%
*3%
3%
34%
34%
*34%
35%
300
7%
7%
7%
7V4
5,400
7%
71
75
*71
90
35
*3%
4
*88
30
71
*67
70
*67
200
71
100
"
10%
10%
10%
10%
10
10%
974
29%
30
297a
30
29
297 a
28%
26%
26%
30%
30%
*93
*
17 %
*18%
17%
*123%
9%
71
95%
10%
97a
26%
26%
25%
26%
25%
31%
31%
'31%
31%
x30 %
30%
95
*93
95
*93
95
*93
25%
25%
29%
*93
16%
27%
90%
180
*17%
18 %
200
16%
28
91%
92 %
92%
18%
18%
18%
19%
19%
17%
124
9%
71
*18
2,100
16%
17
29%
91%
19%
1,400
30
90%
17
*28%
>
25%
95
*27%
17%
29%
93
4,200
17
17%
*28%
93
4,000
28'%
28
17%
29%
93
10'/a
28%
29
'
1,600
100
17 %
17%
16%
17
17
*123%
124 v
123%
123%
122%
123
*123
9%
9%
8%
9%
8%
8%
71%
69%
70%
70%
70%
X68
68
x32%
32%
17
18%
18
70
8%
6,400
124
110
8%
14,300
190
34
33
337'a
*32%
33
*85 %
88
88
88
87
87
*84
87
16%
17
17
17
16%
16%
16%
16%
16%
16%
1,000
5
*30%
31
30%
30%
30
30%*
30%
30%
30%
30%
>1,100
17V4 "17%
12.800
1
Co
2nd
Inc.
34
19
*337/a
19 %
18%
1
18%
*82%
85%
*84% '85--
100
*81
85
*81
100
*80
83
*80
No par
13%
1
8%
13%
8%
preferred—100
85
85
15
11
11
100
*84
87
common
preferred
Copper & Zinc
5
3
byers Co (A M) common
Participating preferred
No par
*18 %
100
*100%
Byren
No par
California Packing common—No par
5% preferred
50
May
27%
Oct
23% Feb
11
28
24%
Apr
34%
Dec
28
Feb
13
33% Jan
51%
Dec
Jan
52
Jan
5
Jan
17
1%
Dec
3%
Feb
1% Feb
5
2% Jan
2
Callahan
6 % May
21% May
8%
Feb
6% Feb
11
7% Jan
2
Calumet & Hecla Cons Copper
34%
Oct
24% Feb
11
30% Jan
5
Campbell W & C Fdy
12% May
17% Feb
13% Jan
16
15
Feb
9
Can
Feb
108% Jan
13
115% Jan
2
48%
Feb
38% Feb
11
39% Jan
16
25%
Feb
16% Feb
11
6
Jackson
34
100
common
preferred
Bush Term Bldg 1%
Butte
20% Jan
16% Feb
Jan
13%
pfd—ICO
preferred
4%%-
13%
21%
93
Terminal
Bros
14
No par
Corp 3.60%
Burroughs Adding Mach
Butler
13%
15%
*29
Co
Forge
Niag El
Bush
14%
24%
No par
Co
12% May
59
34
No par
Feb
84
129
59
15%
5
common
Apr
conv
31%
129
56%
21%
No par
preferred
3Vtf*
3Vjft
31%
131
56%
34
100
23%
22%
30%
130
57%
16
15
common
102%
30
33
131%
56
36%
No par
Dec
100
49,900
31%
131%
.
24%
—No par
common
preferred
14% May
104%
31%
33 %
100
23%
-2.50
Bruns-Balke-Collender
Dec
4,400
*34
100
28%
May
25%
*15%
No par
36%
May
25%
23%
5
common
preferred
Brooklyn Union Gas
106%
14
25%
16
100
3%%
Dec
80
25%
13%
37
Jan
80
26%
29
*39%
Jun
May
26
14%
Bearing Co__
5
Braniff Airways Inc
-2.50
Brewing Corp of America
15
Bridgeport Brass Co.No par
Briggs Manufacturing
No par
Dec
80
1,500
27
30
4
15%
25% May
24
37%
No par
common
25%
•
23%
14
*3%
31%
125
23%
23
15
Corp
95
13% May
23%
14 %
(assented)_100
63
109%
1,600
24
*15%
Roller
13%
6,300
86
*35%
No par
preferred-
cum
17%
23%
23%
17
23%
*83
5
(The)
Bower
3% %
11,700
17%
14%
30
1,400
26%
84%
14%
.
26 %
6,300
23%
14%
1
6
Dec
Feb
Co
Borg-Warner
26%
16%
16%
*14
2.50
-
& Maine RR
7
Feb
Borden
94%
23 %
par
No par
A—
Boston
36% Feb
18%
class
B
5
21
40%
Co
21
*93
84%
57
14%
Bond Stores Inc
4% Jan
34% Jan
Dec
Ami
Class
*19%
95
26
18%
23%
;
132
*26
1571.
21
*93
23%
57
*29%
Brass—.
11
Feb
May
Bon
&
Feb
91
39%
9V2
18
16
19%
900
86
132
$ per share
15%
17%
90
1,200
-
5
2
May
30
16
31%
*84%
57
No par
Co
Jan
32
71
Co
& Laughlin Inc
Bloomingdale Brothers
Aluminum
14%
27%
132
1
Boeing Airplane
14%
LOW AND
Co
Dec
14%
-26%
*55
No par
24%
14%
20
*131
4
15
95
par
Saturday
Bliss
(E
14%
2,100
34
*30
25 %
33
33%
32%
1,200
97 a
32%
18%
26%
Feb. 7
Co
41% July
18%
27
Par
& Decker Mfg
Jan
15% Jan
29% Jan
11
x.13
14% May
May'
26%
9%
30
*90
86
24%
STOCK
$ per share
share
28
Feb
281/2 May
14
25%
EXCHANGE
■
Jan
35% Nov
18y2 May
*24%
BethlehemSteel (D'el) newcom No par
100
7%
preferred
No
Bigelow-Sanford Carpet
Birmingham Electric Co_„_ No
Range since Jan. 1
Highest
Lowest
Highest
12% May
1
.
—
10
9%
32%
Xl9%
23%
23%
*84%
86
10
94%
32%
27%
18%
18%
23%
*84
*91%
30
-
STOCKS
Year 1947
t per share
18%
23%
„
94%
10%
21%
27%
1
:
Range for Previous
Lowest
com
of 1946- No par
•
27%
*91%
400
17%
33%
96
21%
*93
96
17%
31%
18%
17%
18%
21
*93
17%
32%
*30
33 %
15
17%
94%
9%
31%
*30
33%
*14%
28%
46y4 May
31%
*85
18
*91
10'%
10%
103/s
31%
17%
94%
*32
10
'87
*85
18%
*92%
94%
10
Co
1,900
19%
32
IIIIII
ser
2,000
31%
—50
Loan
6,000
9%
19%
17%
common
20
32
34%
85
Co__
190
1,000
1,300
42%
20%
100
Indus
9%
34%
100
Corp_
pfd $3.25
31%
9%
20
Aviation
Cum
9%
35
103%
Sep
*40
32
31
9%
20%
Dec
17%
20%
33
*33%
77%
21 % May
9%
100
-
-
Co
x31%
10
34
preferred
Howell
4%%
34
16%
*33
—
94
106% Aug
39%
RR
Packing
Belding-Heminway
42%
10
16%
15%
16%
33%
—2.50
pfd
preferred
Corp
Aircraft
33
5
20%
16
.
25
Inc__
2
9%
20%
18
14%
*42
33%
9%
No par
common
conv
11
30
33%
1
Corp^
Co
Mills,
Feb
Feb
16% May
cum
8% Jan
Jan
39% Mar
12% May
Foods
32% Feb
12
40
*14
5
Works
35%
Jun
17%
50
common
5%
Conv.
20%
Dec
800
13%
10
5% May
20,400
60
24 % Jan
29
9.400
11
13%
51% Jan
30%
13
10%
60
11
100
13%
12%
10%
14
13
5
137/a
13%
10%
61%
20% Feb
Feb
13%
12%
11%
13%
42% Feb
95
13%
13%
61
28 '/a
Feb
13%
10%
62
55% Jan
108 y4
13%
12%
"
18
Dec
2
11%
62
9
11
14
11%
*14
Bangor
63% Jan
Feb
14
13%
11%
17%
2
11
17% Feb
14
13%
11%
14%
4%
15% Feb
Feb
July
14
13%
61%
5
10
60
May
*13%
61%
11
13% Feb
Feb
25%
1
13
100
Works
Ohio
preferred
100
Barber Asphalt Corp (Delaware)_10
15% Feb
Feb
69
9% May
42ya
T)
preferred
& Aroostook
Feb
16 i/a
Jan
liy8 May
60
Inc—:
(B
9
15% Jan
Feb
Babbitt
2
14% Jan
13%
May
Co
3%
18%
17%
;
84%
83
*8%
.:
3%
3
*75
84
*80
82%
*80
82
200
13
8,700
13%
12%
8%
7%
-
-
84%
87%
xl8
82
81%
8
11%
11
*84%
17%
85
13
V
8%
86
*85
167'a
v
81%
r
13%
13
82
10%
*84
/
3
17%
19'.
102
*100%
*24%
25
*24%
25
24%
*29%
30
*29%
29%
29
*52%
54
3
3
23%
16%
-
,
*100
100%
23%
29%
54
*84
;
17%
17,
24%
*52%
107 a
11%
100%
*100%
8%
*81%
82%
3
3
17%
102
102
12%
85
*84
•
84%
8%
10%
11%
y
13
82
84%
87
200
85
84%
*80
400
87
*80
18%
84%
y
*84
24%
85
8%
1,400
H
80
11
3,800
85
3
1,200
17
2,900
101
20
24%
.,
400
C
110
Dec
Dec
38
18
Dec
9 % May
33%
Nov
x55
132
53
2
Zinc-Lead
1
-
Southern
Ry
Feb
10% Jan
22
2
47%
Dec
39
Feb
13
44% Jan
2
Cannon Mills
Apr
14%
Feb
11
Feb
13
12% Jan
6
Capital AdmiR
May
57% Feb
54
Feb
11
55
6
$3 preferred
For footnotes see page 24
Feb
6%
*26%
27%
14%
14%
No par
"114%
6%
116
class A
A
7
6%
6%
*52%
1%
1%
11%
*40%
*11%
12%
*11%
*54
55
55
,
800
9,800
112%
113
112%
113
350
39
38%
38%
*38%
40
260
16%
16%
16%
*16%
17%
100
11%
41
%
-
lr
11%
*54
,
11%
55
-
i.
.
11%
11%
29,100
39%
800
11%
11
11
54
54
54
11%
39%
40%
*11
54
7,100
39
11
11%
40%
12%
67/a
7,500
115
41%
55.
1,700
,,
14%
11%
s
I;
25%
38%
11%
1%
13%
*16%
42%
28%
53%
I-*
6%
25%
39
11%
'
6%
♦17% .18
*40%
*52%
-;'/V
14
112%
—25
28
-
25%
117
39
'
6%
11114%
17%
.
•:
17 a
13 7 a
26%
147a
39%
54
-
24%
67/a
26%
*17
28%
28%
54'.
14%
*39
1
1%
15
100
10
-■
V
14%
*26% / 27%
No par
common
*52%
174
1%
No par
15%
Canadian Breweries Ltd
Canadian Pacific Ry
11
5
1.66%
Co
18% Jan
12% Jan
50
1%
No par
Dry Ginger Ale com
$4.25
conv
preferred
Canada
1%
%
!',
200
260
Volume
167 Number
4673
THE
COMMERCIAL &
FINANCIAL
CHRONICLE
(755)
15
NEW YORK STOCK RECORD
Range for Previous
STOCKS
Year 11)47
Highest
$ per share
102
27
128
Dec
Dec
$ per share
103 Va Feb
,
109 V2 Jan
6
&
Ohio
Carolina
Power
&
2
31 % Jan
10
33 Va Feb
13
41% Jan
12
Oct-
14% Feb
13
17 Va .Jari
5
Oct
39
7%
158 Va
49 % May
V 64
>
26
43 % Jan
6% Feb
11
7% Feb
36 % Feb
11
46% Jan
Jan
130
Feb
5
Feb
■54% Feb
13
f
28%
Dec
22
Feb
108 Va
Jan
97
Feb
10
Dec
156
Apr
123
Feb
Preferred
2
Carriers
19
12
28 % Jan
102
*
137
11
21
Jan
$4.75
2
Feb
1%
22% Feb
11
27% Jan
5
Celotex
21%
Feb
19% Feb
13
20 % Jan
5
5%
22%
Feb
18
Feb
18% Feb
14 %
7% May
7% Dec
Jan
7
Feb
8% Jan
lOVa
Jan
'
7 7/t
Jan
7
Feb
102
Dec
96 Va
Apr
79
Feb
80
*" Jan
7
4 '/a May
12 Va
Jan
7Va Jan
11
Jan
26
16%
Oct
11% Feb
14%
Feb
8% Jan
Dec
9 %
116
Dec
22 Va
105
Nov
35% Mar
11% May
21'A
Oct
27
22% Feb
10
X26
9
-
34
16
15
15%
14%
15
41
39 Va
39%
39
39
6%
6%
15%
—50
*39 Va
Jan
Feb
18% Feb
11
22
Jan
5
Dec
110%
Jan
94
Feb
6
100% Jan
20 %
Feb
10% Feb
11
14% Jan
23,
30%
Oct
26 Va Feb
7
54%
Jan-
40 V2 Feb
10
84% Jan
2
Jan
40%
Dec
81%
Dec
31/2
Apr
♦
102% July
7% Feb
5 %
May
12%
May
12%
•
Vh'/o
Dec
Feb
11
5% Jan
9% Jan
9% Feb
11
4'A May
12% Ja n
Feb
6
24
7% Jan
Feb
v12
2%
10% Jan
Dec
6%
:
Jan
Jan
2
7Va Jan.
Feb/
16.
2
4% Feb
5% Jan
7 Va Feb
11
9% Jan
31% Jan
22
131/2
Nov
27%
35% Feb
15 Va Feb
11
19% Jan
5r/o
53%
Feb
35
Feb
11
40
28% Feb
11
33 % Jan
:
6
54% Jan
Dec
153/4
21
13
32% Feb
22
51% Feb
12% Jan
9'/4
23 Va
24
13Ve
par
14%
*26 Va
27 Va
13%
27%
261/4
26%
18%
*25%
18%
95
*92
*11%
4 Va
11
14
Jan
Va Feb
11
17.% Jan
4% Jan
Nov
7% Mar
3% Feb
10
Dec
42 Vb Mar
31% Feb
11
35
Jan
261/2
66%
52% Feb
11
63% Jan
Dec
29%
■
Jan.
23 Vb Feb
v
111
21% May
Feb
28
4
96
Jan
*4%
6'/a
12%
25% Jan
Jan
4%
7%-
8'/4
'33%
7%
34%
34%
351/4
31%
331/2
171/4:"
31%
16%
173.8
15V4
16%
15Va
36V2
35
30'/4
28'A
20
4%
85
>
7
11
10
Jan
2
78
Jan
6
80
Jan
9
15% Jan
6
19% Jan
31
Feb
Nov
,29
Jan
5
95
Jun
Jan
80
Jan
29
33% Jan
Nov
Jan
43%
Jun
10
Dec
37% Jan
preferred
Clark
12
115%
Feb
105 Va Jan
6
Jun
109 V2 Feb
35% July
109
Mai-
Nov
71
Dec
101
27% Feb
107
11
Jan
31
Jan
72
Jan
Dec
57
Feb
42 Va Jan
24%
Feb
14% Jan
32
May
39% Mar
30
Dec
89
154
Dec
*94Va
23 Ve
99Vs
3
15%
26
Jan
17
35% Jan
13
3
10%
Jan
99Y8
*94 Va
*95 %
36% Jan
22
*20%
36%
29%
30
Dec
10
22
..
38%
;37%
*'30
38
30V4.
5
"*8
100
*77
18
18
Va
9Va
109
Illuminating
Bronze
*64
com__No par
:
Molybdenum...!.—^_No
*8%
„
9
9
*75
Peabody & Co
Preferred
109%
cum
*106 Va
108 %
107%
108'A
8
33
1,100
20
54%
50.400
23%
16%
•
5.900
34%
*108%
109
28
*106'/a
-
1081/4
28%
29%
•:
75
45%
45%
15%
*43%
15%
15%
15
15 Vb
14%
32%
32%
31%
31%
x30%
85
33
*9-
9%
33
100
*135
*9
33
140
84%
9%.
32%
*132
84%
9
331/4
137
84 Va
9
32 Va
137
84%
32 Va
140
84
*137
841%
70
27 Va
27%
108'A
*73%
*43%
1,200
60
75
45
60
•
14%
14%
30
31
.8%
5,100
1,000
8%
8%
400
32Vs
32%
140
83%
20
5,100
109
*106%
74
8%
33.
.
353/a
*107%
31
*32V4
*43%.
74
„
500
190
35
15
74
«
2,300
*82
45
15%
74
''
'
16%
*160
27%
*1061/2' 108 %
108'A
*73'4
*43%
'
293A
*29%
108%
75
1.500
1,100
.
■
271/8
46%
V,
8'/a
80
16
-
6,100
29V2
*8
35
*73%
39%
*75
85
34%
1
100
'600
■
'j
190
*82
35%
96
21
>37%
29
*160
*43%
2ndVd—_——iOO
i
i
17
29
85
96
*20%
80
29'%
*82
23%
•*■
8
*75
190
28%
1
:
400
3%
53%
*
109%
28%
!
17%
29%
85
28%
r
80 *
*160
35%
No par
..1
—
4%
85
35%
!30V8'
17Va
30 Vs
35
*.
8 V4 * C-' 8%
•
190
j-K
.38
*75
17%
28%
1
—
com
X
80
17%
108%
par
Corp......„—
-.duett
30
108%
Co ,cora—a:—1
Industries Inc.—
16
13
142% Jan
91% Jan
30'A
85
35
—No par
21%
37%
30'A
80
.5
99%.
21
38 V2
*30
preferred
200.
15%
3%
38
preferred:
11%
*14'/2
21
100
No par
—No par
Clopay
8
10
*11%
991/8
*21%
'
•
Clinton
5
13
Feb
137
10,900
c.
*160
Climax
89,600
47%
23%
*94%
22
-,
___
27
..
54'A
523/8
24'/a
5% preferred
———100
Cleve & Pitts. RR Co 7%
gtd_—.50
Special gtd 4% stock!——50
10
83 Va Feb
Feb-
91%
Feb
32% Feb
48 V2 Mar
Decs
Feb
51
*30%
'55%
30
Graph
3,600
3%
23%
190
Clev
6,100
3,100
29
46%
32
53%
30
5%
153/4
35%
25%
14%
3%
31%
241/4
.
8% Jan
34
140
74
44% Feb
14 V2
3Vs
33
24
*160
$4.50
9
7
15'/4
3%
*32
23%
Corp
Equipment
Cleve Elec
14
14
Dec
Jan
2
%
14%
42
'
108 % Feb
5
151/s
4
34
Co..——^.20
2
106
16
4
9.500
15%
11%
23%
—
24
34 Va Feb
a
34%
11%
16
32%
2,400
*48
12
*32
12,700
32%
47%
4
1,500
1%
'
27%
46V2
16
2,900
7%
4%
73/4
51
26'A
48 3A
Elec 'com—8.50
City Ice & Fuel—
City Investing Co common
5V2preferred..
City Stores
':
10
27'/4
107
•'•
2C%
46%
C C C & St Louis
Ry Co com.—100
85
*48
26%
50
*11
13%
7%
a%
35'A
32 V4
11%
1,400
29
491/8.
*11
34
•
53
56%
C I T Financial
Feb
15-i/a
'*3%
*49
•
31%
12
*32
1
53
55%
Cincinnati. Milling Machine Cot.
8
49'A
*
par
31
■%
6'A
13%
*
7Va;
.
563A
9
Jan
323A
48%
37
30%
*50
.
%
56%
2
32
l31%
36%
52
•.
•
2.50
40
11
30%
*11
—25
22'/a Jan
Va Feb
36%
30%
.^10
1
—
10
"• Jan
36%
*50
•
3,600
28.200
.
.
/:
29
16%
*81/4
1.700
8'A
IOVb
6%
V
v
36
29 'A
8V4
4%
8 Va
15V8
35%
Chile Copper Co-———.X
&
43/8
32%
26
Mar
4
8'A
4%
par
Cincinnati Gas
1.800
7%
7%'
5
8%
Feb
94
7V2
4%
6'%
4%
8'A
-100
i—
88%
10
r
6V4
8 3'a
ex-div.
tChilds Co..
12.400
88
13%
5
par
2
S6
203/8
6 Ve
12%
8V4
Chicago Yellow. Cab——
Cliickasha' Cottoh Od—v.—
6
20
34%
Z
;
8 Va
par
A
300
403A
101/4
6 'A
1,200
27%
8%
9%
14
11
■
4%
7%
10%
*4%
21
:
'
700
40%
8%
10'A
11
500
:
*26%
.No par
29
Dec
8
-
'
11,400
26V4
18 Va
1
....
ci A—. :_25
36 Va Jan
May
9
y
94
88%
4
100
13%
*251/4
27
88'/a
<•.
X-VX 2,300
xl8 Va
41
89
1,000
9%
23%
13%
11
27
4%
12%
*9
*91
40%
41/3
14V2
Feb
12% May
4%
141/2
Jan
78
4%
141/4
Nov
23
5
14 V,
...
series
12
1,200
23%
95
41%
883/4
..50
48%
Feb
92'%
i
40
8
23%
103/4
;28V
40%
*88'%
,100;
Preferred
200
79
9%
23%
11%
*271/4
41%
8%
/34%
11%
28
41%
91
634
37% May
May
*27
41%
11
11'A
271/4. May
8
26%
413%
11%
8%
2
Nov
11%
18'/a
*881/2
par
21
Sep
23
12 Va
X":*9'X
9V4
*92
6%
5%
12
32
96
95
10%
7
56 Vb
Oct
19%
*92%
6%
a..'.
1,800
104 Va
8
26%
18%
*18%
3,500
7%
8%
13-%
27%
19
18 Va
7
7%
9%
95
800
18
11%
24%
11 Va
preferred——:
7%
•:isx:
X
19%
*76
11%
11%
250
4,900
104%
14%
par
12
Feb
*9%
X
8
Va
500
24%
*8 Vb
79
.100
2
5
Feb
Jan
7V2
11
98 Ve
125
19%
105
*76
24%
24
x
■
9
45% Jan
10%
8%
12
*104%
79
63/4
22
Jan
25 V2 Feb
15'A
105
*76
%
23%
8%
14%
■/:•
4,900
23,700
7%
*1041/2
80
54%
22 Va
181/4
7
8%
14%
19
2
51 :•< Feb
July
79
9Va
18'A
7Va
8%
*8%
,
■34%- Dec
••56
18%
7Va
*8V4
'
*9%
24
12
Jan
7%'
8%
105
*77
79
*93
2
Feb
20'4
7%
*8%
105
'•10%
5
Feb
51'A May
7Va
8%
1
common. _25
Chic Ind & Louis
Ry Cb
Class B—
16
Feb
38 Vb
Nov
181/4
par
10
14%
May
33V4
18%
..40
9
23 3A
6% May
18%
—1
RR Co. cdm. -50
Chicago Great West
Jan -28
9%* Jan
18%
104%
135
22
19%
*77
par
14
15%
19'%
7 Va
preferred.:.. .100
2
8%
8% May
4% May
19%
309
•54%
98
19%
par
14
3,800
•124
19%
*8
14
11
convertible
3,000
37%
23%
19%
2,900
6%
36%
123
22%
'
15
40%
97
.
241/4
No par
Chesapeake & Ohio Ry
29
97
123
23%
*11%
preferred
97%
127
24%
104 %
—5
9
Jan
126
23%
20
11%
9
45% Jan
129
*127%
24%
19%
500
6%
22%
*11%
$4.50
14%
900
X
*38%
55%
22VB
18 Va
L.25
7% Feb
Jan
6 V2
4
28% Jan
90
54%
23%
97
128
90
28%
33%
*133
56%
22V4
8 Vb
5
/
133
X55V4
98
8%
6
10% May
LINCOLN'S
BIRTHDAY
'
24%
*8 Va
Products.,..,
Chain '.Belli
Co—i..^——_s---No
Champion Paper & Fib cW._
fc
_No
133
37
57%
100
Certain-teed
14
133
"
'A
for
Shares
104
28%
33%
6%
'A
the Week
104
28
24 Va
ser.100
—„
33
36
Sales
Feb. 13
$ per share
34%
6%
38
Friday
$ per share
105
'A
28
*33%
56%
*97 Va
CentralVioletaSugarCoi...——9.50
5
6
*104
v'
34%
133
'
23%
23%
*
Gen tury Ribbon Mills.!-,Na
par
Cerro de Pasc<r
Copper.—x—Nq par
.17% Jan .9
Feb
56%
104%
28%
36%
133
98
Nd'par
Jersey...
39%
*131
128
100
Corp- pfd 3^40%
133
104
6%
39 Va
23 Va
—20
Co
39%
56%
—No par
•
6%
98
par
—_
common.'
6%
*130 Va
104
15%
*39%
41
*6%
par
*103
15'/a
39 Va
No par
.
104
____10
—a——100
tCentral RR of New
5
26 Va Jan
28%
35 %
——25
preferred
Cent NY P.-
13
10% Jan
6
13 Ve Feb
Jan
30
■
Feb
12% Jan
22
•
20 V2 May
19 % May
100s/a
Jan
28%
35 %
Central Foundry Co
I
„.1
Central Hudson G & E Corp..No
par
Central 111 Lt 4V2 % preferred
100
7
Dec
77'/a
28 Va
37
Corp——;——1
Sugar
Feb. 12
$ per share
-
28%
Series'—
Aguirre
$ per share
.
*35%
common
preferred
Corp
Thursday
Feb.11
"28
preferred—
2nd
Central
8
x8% Jan
100%
11%
1st
$ per share
PRICES
Wednesday
,
*103
Caterpillar Tractor———No
Celanese Corp of Amer com—No
2
Jan
$ per share
»—....5
General
SALE
Feb. 10
No par
Co
%
4
&
(J I) Co
Preferred
Par
Ry—,-lUO
common..
Case
32%
Dec
Corp
9
138 Va Jan
61
Jan
13
Dec
130
19% May
19% Dec
Steel
v
x97
May
3
Feb
Dec
47
•
Dec
Carpenter
Carrier
HIGH
Tuesday
Feb. !)
k
•:>./
Light
27,% Jan
Feb
Jan
29 Va May
xl77/a
Clinch
AND
Monday
Feb. 7
XX'>
Carolina
Jan
Jan
Saturday
<
6
45
v
LOW
STOCK
$ per share
21 Va
35% May
YORK
EXCHANGE
50Va
;
6
Jan
NEW
Highest
39%
12 Va May
132
Lowest
$ per share
.
Nov
38
Range since Jan. 1
•
Lowest
.
32%
4,700
*137
83%
140
83%
50
83%
800
Range for Previous
STOCKS
Year 1947
Xowest
141
1911/4
Jun
65%
1140
May
May
56
Dec
23%
Dec
18
Nov
153
Feb
11
183
63% Feb
88%- Feb
9
94
11
25
Coca-Cola Co (The)
Class A
Jan
20% Feb
Feb
Saturday
Jan
common.No par
$3.50
preferred-.
Collins & Aikman
22%
May
16% May
Oct
191/4 Jan
Colonial
12% Feb
11
201/4
Feb
15% Jan
16
11
18
17'/4
18
May
9% May
8
17'/4
16%
32%
.12%
■r
Oct
30% May
39% Aug
11%
63
Dec
22%
Dec
86
36
Dec
50
4%
4%
12
24% Jan.
21
11% Jan
2
Columbia Gas &
35% Jan
7
Columbia
.30'A Feb
Feb
v>
10
Feb
13
241/4 Jan
10
Jan
5
2
100% Jan
9
14%
26
.
Jan
20%
Nov
Feb
■
•
38%
48
94'/4 Dec
Dec
1
JanX
12
Feb
10
Feb
19% Feb
11
•;
12% Feb
:
■
94V4 Feb
1-3V* Feb
55%
10
98
11% Feb
11
13Va Jan
85
-
11
Feb
:
4
10
.
Feb
Feb
10
Feb
10
6% Feb
Dec
;90
Jan
33% Jan
5
Feb
51
:
30% Feb
95
-
46% Feb
98
19
14% Feb
Oct
19% Jan
22
Dec
50% Feb
5
Oct
13
v
13
27%
55
May
12%
Jun
Dec
_
Feb
j
17%
-
.
55.
*
Feb
12% May
20%
61
Jan
Dec V
For footnotes
:
see
Feb
page 24
17
13
16'A-
16%
16
12%
*13%
14
13
13
13
*12%
13
*1.2
13
12
23%
24
23%-
24
23%
22%
22%
23
10%
10%
10%
31%
32
10V8
10%
65%
*63%
14
17-
36%
14
5
7
Edison
36%
36%
37
39
39%
93%
94
*21%
2lVa
213/4
21%,
23/8
2%
2%
2%
2%
97I/4
97'i/4
97%
26%
26 Va
26%
9%,-
29.%
*30
*4%
22i%.
!_No par
104
223/8
104
i:T4Va
*10%
13 V*
13
2
5
2
5
Jan
6
13
14
2
541/4 Jan
2
com
2o
$3.75
par A
preferred
common——20
.—No par
Continental Diamond Fibre
Continental^ Insurance
Continental Motors
:
Continental Oil of Delaware.
5
10
-
1
5
Continental
Steel Corp..
...14
Cooper-Bessemer Corp corn..No
par'
$3 prior
preferred——.No par
Copperweld Steel'Co common
—.5
Convertible pref 5%. series.
Cornell Dubilier Electric
Corp
Corn Exchange Bank &
Tr Co
!_50
1
20-
13%
*33%
34%
103%
37%
37
preferred——ulOO'^
Inc
13 V*
*103'%
No par
•
*941/4
96%
*12
12%
A
*86%
31%
*92%
*10Vs
52%
7%
.
5
90
31%
96
10%.
52%
7%
31
.
4%-
22%
104
93
20 3/8
23/8
21/4
26%
14%
*10%
8%
29%
29
29%
303%.
43-4
104V4
103 3/8
14%
10%
21
22
93%
2%
,1
Va
29 3A
1033/4
12Va
500
.
4%
21
4,100
%;
14,900
104 X
1,400
'
IOVb
123/4
3 900
'
1
IOVB
46Vs
10 Va
44%
451/4
20
21
45%
46 'V
19Va
20
4,800
19%
20%
4,100
12 1/8
331%
*32V4
33%
103%
.
12%
X321/2
103%
12Va
12
I2V2
*12 3/8
131/s
12%
103%
103%
37
37%
36 V8
36%
351/2
96%
941/4
941/4
941/4
12%
'
94'/4
12 V4
12
V
!•:
32%
103 7/a
35%
353/4
*92%
12%
11%.
11%
ll3/a
94'/4
86%
86V4
85
••
..
'
113/4
90
85
31%
32%
30%
317/8
*92%
94%
*92%
941%
10%
IOV4
10-
71%
511
.
7
303/4
/
.
113/8
94%
10
51%
51
71/4
7
7Va
49%
47V8
48%
46 3/4
.
.
15%
15%
14%.
15%
14%
22
20
22%
193/4
50%
51%
50%
50%
50%
13%
,
... .-
•
20%
51%
,,
15
22
.
r:
5
.
•
•
.
.
120
3,000
200
9,400
941/2
X'!-;-'- V.
10%
52
6%
200
2,700
X
31 3/a
.
lOVa
51%
-
48
16
.
f
-
52%
49%
*92V2
-
'
V 9,700
■
V'XX 300
90
30%
;
Z
10 Vs
3/81
11%
*85
311/4
*92%
IOV2
300
33%
■■
-*
-
500
12%
<--
103%
..
V.'!'-
36
*94
221/4
52
2,200
303/a
13%
48%
*45%
'*11 Vb.
29%
*30
103«/a
*15%
*21%
51%
137/«-
12,800
3,500
83/4
21 %
13%
48%
1,200
26%
2iy»
33%
"7%
97%
26
30 Va
33%
52V4
1,120
52,400
44%
-
.
12%.
51%
3,400
5,500
-
97
4%
xlO
:
1.700
2%
8%
103% 103%
11%
21
'•
*12%
13%
*85%.
94
20
IO31/2
103%
IOV4
36
21%
-■
'Xv....
65
38%
454
13
191/4
•A 3,200
4 V2
14
46%
21
*30
4%.
10%
36
9
X21%
46%
/
263/4
9%
30%
2,300
10%
973/4
26%
XV
30%
23/a
26%
•
2,100
34.600
10%
30%
93%.
203/4
97%
9
23
•
1,900
37%
98'/a
/>. 28-%
24
*64
'
*97%
'
i
■
66
21 Va
100
100
10%
-
.
38
943/e
410
12%
•
36
22%
'
}
1,600
24
101/4
36
16
11%
I2V2
23
10
94
31 :>/
4%
•'•.
10 %
203/4
29'%
-',■■■
31
*64 "
5,900
12%
23
103/b
•
2,400
*11 %
30%
101/2
1,300
16 V2
131/4
*11
•
10%
37
9%
29%
30'%
5
par
*9%
29%
22%r
21
16
11%
13%
36%
38%
38
27
*9
par
i—.. .No par
pfd:
36
-
98
No par
11
*12 Vs
66
.
39%
Continental Baking Co
com'—Nopar
.$5.50 preferred
..No
Can
10%
*64
93%
25
Co
$4.50 preferred
Container Corp- of America
•, 4%
cumulative
Continental
10%
12
311/4
93%
Consumers Power-Co.
com'—!!No par
•
10%
x31
66
21
5«
22%
32
20%
12
22%
*11%
A.
110
16 V2
24
12
89%
4.000
12%
12
23%
12
—
39
x20%
13 Va
16
131/4
par
Publishing Inc.—No
3%
12 %
46%
13 Vr Jan
-
17Va
100
17% Jan
11
Feb
16"%
;_15
10
Jan
17%
221/4
230
-
X"
89%
161/2
12
22%
*
.
—
38%
21%
16
13%
Consol RR of Cuba 6%
Jan
47
20%
17V4
4:
Consolidated Natural GaS
24% Jan
13
£50
Jan
54% Jan
53
11
10V4 Feb
Feb
51%
<44
Feb
55
8% Jan
11
14% May
12% Apr
Jan
22
16%
13
Consolidated Retail Stores Inc.
1
Consolidated Vuitee Aircraft!-:-;—1
11% Jan," 10
:
13
43
Jan
22'
15%
BIRTHDAY
1,200
63 %
*1,250
881/a
39'A
'
Jan
88 Va
13%
19
16
42% Jan
105
89 %
V8
15 Va
15^
35V4 Jan
2
11
*88 Va
*10%
Grocers Corp;
1.33%
Consolidated Laundries
Corpi..
5
16
88 Vb
*63V2
Consolidated
2
38
13%
14%
10%461/2
15V4 Jan
35% Feb
Feb
55% Dec
13
Jan.
100% Jan
Apr
May
Jan
25% Jan
'14
13
32% Feb
Feb
Jan
373%
14
10%
—No par
com_.No par
$5 preferred.—
6>
May X
Apr
13
8
40%
100
Consolidated Coppermines
Corp
Consol Edison* of N Y com
Nof
2
Feb
12%
104% Jan
17Va Jan'
110% July
OYa May
10
11
v44%
Dec
2'
5
51
106%
-
5% Jan
23 V* Jan
11
104%; July
20% Feb
Dec
Dec
Conde Nast
LINCOLN'S
39%
for
Shares
156
-.
*62%
*1250
411/4
.10
series..——No
v
17%
*31%
w
common
Congoleum-Nairn Inc
Consolidated Cigai!
3
11
13
24
114V4 Feb
32% May
Feb
4% Feb
21 % Feb
preferred
Commonwealth
2
xlO
;
177/e Mar
99% Dec
$6
12
Feb
30
•
Jan
31
12% Feb
Jan
i9%
11
31% Jan
43% Jan
15% Feb
541/2
May
11
10
preferred
Commercial Solvents
Commonw'th & South
8
12
Jan
103% Feb
20% Feb
10%. Dec
401/4 May
12% May
10% July
30
Dec
x28% Jan
8% Feb
28% Feb
108%, Mar
11% May
13
30
Feb
4% May
104% Nov
Feb
cum
Commercial Credit
$3.60 preferred
9
21/4 Feb
Feb
44
2
96% Jan
No par
.No par
w__No par
Columbus & Southern Ohio Elec
10
17
Jan
35%,
7 X
35
Jan
Jan
'
33 V* Nov
9.
95
$4.25
88%
the Week
$ per share
154
63
21%
23
Columbia Pictures common—No
par '
9
40% Jan
2
335/a
Apr
44
Jao
Jan
4
8% May
-1
6
23
23% May
Va
66% Jan
381/2 Jan
36% Jan
30
30
6
5
89%.
Sales
Feb. 13
$ per share
153
62%
23%
*
2.50
Co
41
153
63
—
13V4
preferred—.100
Electrie
41%
165%
63.
*1250
12%
preferred___100
Carbon
160
63%
lT'/a
Columbia Broad Sys Inc cl
A__.2.50
Class B
8
123%
'
95
12% Jan
64% Feb
20
•
11
35% Feb
90
11%
13
Feb
26% July
94
Feo
166%
Friday
Feb. Vi
$ per share
14
cominon^.100
1st
2nd
non-cum
non-cum
$ per share
*1250
Thursday
Feb. 11
17V4
5
;
*63
PRICES
Wednesday
21
preferred.——20
Southern
17% Jan
16 >/* Jan
ri .48-% Oct
115% Feb
Nov
-fe
25 Va Jan
Dec
•17-
Colorado
5
May
21/4 May
,
*88Vb
Nopar
Inc....
conv
13
20% May
94Dec
Mills
cum
11
87
-21
15% Jan
5%
Feb
Mar
.
:
22% Feb
36
25Va
11
Jan
22% FetMl
10'A Feb 13
Jan
Apr
Feb
11
12% Feb
Jan
32%
Feb
Feb
12
Feb
Dec
21%. Nov
10
11
Feb
May
21%
>16
*165%
63%
41%
Colo Fuel & Iron Corp com—No
par
Feb
8
Oct
169
SALE
Feb. 10
$ per share
*1250
—No par
Aug
12
..
*63
.
HIGH
Tuesday
!
Feb. 9
$ per share
*1651/4
I—
.No par
Coca-Cola' Internat Corp
No par
Coigato-Palmolive-Peet com..No par
45% Jan
Monday
Feb. 7
'
par
2
15
11
LOW AND
STOCK
■
2
37% Feb
105% July
46
-Jan
62% Jan
Jan
YORK
EXCHANGE
$ per share
May
,-f
NEW
Highest
$ per share
Jan
1155
33
87
Lowest
$ per share
May
x61%
Range since Jan. 1
Highest
$ per share
,
.
i-i—
1,100
3,100
7'/a
16,600
47
/
•■
•''
'*"'••'
:/••.>
-■
: •/'
47%
14%
14V8
1,800
20VB
20 VB
V.1,900
51
-'
51
11,200
13%
13Ve
47
45%
501/2
131%
453%
11%
11%
11%
10%
11 Va
IOV4
52
10%
52
10%
52
1034
51%
513/4
51
1,700
513A
50
50%
580
13%
47
*45V4
13"
131/8
4.4%
45
':•
■
.
;1'X
-,Y :
,*
•'.,•
''
-
13% >13%'
44
.
260
O
>
'
441/4"*-r;*e
5
3,300
160
:
r
16
COMMERCIAL
THE
(756)
CHRONICLE
& FINANCIAL
Mondays February 16, 1948
NEW YORK STOCK RECORD
•>-.■> STOCKS
Range for Previous
Year 1947
Lowest
Highest
I per share
NEW
Range since Jan. 1 .-■
Lowest
Highest
v
$ per
S per share
share
.
Dec
32%
Feb
18'A Feb
5
20% Jan
5
Dec
1053/4
Feb
92
Feb
9
93% Jan
20
88
Dec
1053/4
Jun
92
Jan
12
94% Feb
4
61%
Sep
6iy8Feb
5
66
Feb
6
175
Jan
75%
195
Dec
169
Aug
4%
Dec
8'A
Dec
4%
Jan
2
,
11'%
9
Crane
Feb
13
34% Jan
95
Feb
11
Dec
13
13
Jan
25
Apr
22'A Jan
"w—
11
Jan
2
27'A Feb
42
Oct
*34%
.
—
13
34% Jan
5
017% Feb
11
103'% Feb
13
127% Jan
10
25% Jan
16
1083%
1„0%
Oct
37 y<
Feb
22
96
Jan
67'% Jan
6
343A
Oct
27
Feb
11
66
Dec
May
82%
Dec
101
14% Jan
81'A Jan
Oct
27%
Nov
20
Feb
6% May
12'A
Feb
7
Feb
24%
113%
56
23
9
24% Jan
13
Jan
2
9
Dec
125
Feb
10
139
Jan
70
Jun
Mar
51
Feb
13
59
Jan
11
5% Jan
19
12% May
21%
183A Feb
Dec
Jan
21% Jan
13
27
133
132
Apr
18'% May
CO 0
Feb
19% Aug
26%
Sep
20% Feb
Jan
27
5
27% Jan
31%
.♦92-
12%'
♦22%
23%
2
com—2.50
19%
No par
5
♦43%
$ per
share
for
Shares
share
3
30%
96
23 7/8i
27%
94
94
95
95
x93
109
•106
108
xl05
23%
100
preferred
6% preferred
100
Sugar common—10
•67%
69%
♦28%
29 %
29%
13%
13%
133/4
12%
preferred
—
Curtis
Pub
(The)
Co
No par
preferred
Prior
7f»
Sons Inc
Cushman's
•15%
15%
•15
15%
♦15
•91%.
93
12%';;
:
♦18%
20
20
7%
7%
•51
54
20
100
♦131
137
♦23%
125
•52
54
4%
'
20%
19%
•
137
24
223/4
22
22%
91
•131
•
15%
;7
12%
2,900
84'%
15%
•>
100 ./-■
20
'♦19 'A
100
•
•7 'A
.7%
7
•116
51
51
30
300
•
4'% .;;4%
4%
4%
15,300
19'.%
18%
19 %
-2,000
18%
22'%
24
137
•130
137
♦130
137
•
22,700
125
20
•131
180
11%
125" / 125
523A.
52 3^
-.v
"
700
5,300
-
•83%
21
7 />:,■
•
4%
24
,
24
-
-
3,000
400
•155
,15%
•191/4
7%
.125
43/4
45/b
•20
20
7%
132
4%
21
•18
7%
•126
52%
No par
20
7%
;
130
<
160
V
,
13
.11%
•
.V
•28
13
87
-?•
250
69'%:
69
*
180
700
4,600
22%
•26%
•
:12%
';>■•■
■
104%
68%
•83%
*14 %
•
22'A
%
'28
11%
■-
-
103%
105
♦155
15%: j
4%
pfd
93
68%
86
1
Cutler-Hammer Inc
r.
22 >< ' 22
:'
•84
♦126
4,200
>
>
-
500
193/4
28
27
87
"•
500
44
.12%
•84
100
.
27'A
■■)••
180
11%
,
;,v.r
18%
I8l/e
104
13%'
♦155
12%
12%
•s-.t*.
23%.
23
-
1,600-/
4,300 •'■•.
'7.
•
11 %■
44
29 'A
87
52%
Class A
180
69
-
♦84
1
common
28%
12%
No par
preferred
Curtiss-Wright
69
96
,
44
%>
23
•12%
No par
com
•155
180
♦155
70
29%
•68
22
30%
,
11%
-28
'
105%rv
23%
23%
17%
»43
94%j,-
23%
.
A
•95
v
■,./:.
3
91%
28%
28%
29
95
•"
2,400
27%
19
28%
V
-
330
7/
4%
2%
30% fc
;
2,800
,
v;C'*
170%-
'.4%
.-
'•>>: 60
•>
62'A
62
170%
BIRTHDAY
3
23%
43% >
28%
23%
2%
••"
18%
'
'
k
LINCOLN'S
'
♦11% >12%
43%
IS3/*.
44
n 5
.
i7i
29%
.•■>.95
12%
'23
62 V
:
,
-
-
--'V 200
■...
96
•95
4% >4%
'
30%;
♦11%
237%
19%.
-
•.
♦92
28%
13%
•
12%.
•43%
••••
3 %•
-
♦105%
100
10
4%%
prelerred
100
; Cuneo Press Inc
5
Cunningham Drug Stores Inc—2.50
$7
4
Amer com„No par
of
Steel
61%... C
61%
>•■ ;i: 170
94
23%
19%
•
4%
/
>;::
93
■/ 92'/a
94
.
1.600
18'A VI8'A
-
.93
172
•170.
V
.18%
>',. 94
94
61 %
-
31%-
-
•11
45
•92%
3
•
31
96 %
RR
1%
17
133
22% Jan 14
Feb
31%
♦11%
Cudahy Packing Co common
9
4% Feb
Feb
63/a
3
Cuban-American
2
147
Jan-
4Vb May
129
15'A Feb
Feb
19%
Jan
17% Jan
11
Dec
5
5
84
13
3
x!6
2
3 %'
♦94%
(The)
new
preferred
2nd
5%
Feb
3%
.
.
> 18%
.'••>93 >
4%
■
183/4,"
93./,
No par
No par
Crucible
Cuba
13% Jan
160
5
11
13
160
Seal
&
$4.20 preferred
3
Jan
Wheat Corp
Crown Zellerbach Corp com
$4
62
4%
1
preferred
17
71% Feb
34
11
Feb
11'A Feb
Mar
173A
Dec
12% Feb
Sep
Jan
165
Jan
12%
Jan
21 y8
137% May
Cork
5
Feb
Feb,
Dec
62
4%
100
America
of
>
96
170 /, 170
4%
__25
common
of
$2
S
61V4
170
♦169
1
preferred
Crown
2
98% Jan
Co
Cream
■„■
23
61%
•93-;>
,
1
3%%
9
21% Jan 29
45
100
Creameries
13
Jan
105% May
22'% May
22
Jan
23% Feb
6
17% Feb
'
95
_23
Refining com
Preferred
97% Jan 27
11'% Feb
52 5A Mar
Products
♦93
:
18%
•92%
'
92
92
93
100
1947
3 % %• ser of
♦92
Coty International Corp
3% Feb
29
30
$ per
> the Week
Feb. 13
;«..•
$ per-share
Sales
.Friday
Thursday
Feb. 12
.
Feb. 11'
$ per share
19%
518%.'
18.%
100
Coty Inc
6
Oct
Dec
pfd
18%
5
common
2
11
3/4 Jan
Feb
Dec
165
Cum
Corn
Works
2
Mar
41
>■>- Feb. 10
$ per share
$ per share
Par
preferred
8
16
40%
3% %
12
107
22%
98
<
Jan
Dec
26'A May
97
Corning Glass
Jan
5% Jan
4% Feb
Jan
23/4
•
;H
.
Wednesday
Tuesday
Feb. 9
Feb. 7
PRICES
SALE
HIGH
Monday
Saturday
■■
•;
■
,
LOW AND
■
STOCK
'
18 Ya
88%
170
V
;;
f per share
YORK
EXCHANGE
•
;
,
23'A
900
21'A
23'A
22%
2,200
D
90%
Jan
2
Jan
Dana
22
Sep
91
Feb
4
Oct
14% Feb
11
20% Jan
2
6
5%
9
Davison
12
Feb
6
Oct
18% Feb
13
17% Jan
22% Jan
Jan
24%
Jan
24% Jan
5
28% Jun
35%
Dec
Davega Stores
22
21
21
91
91
91
•91
93
•91
93
40
15%
•15%
15%
15%
15%
143/a
14%
•14
15
400
♦15%
16%
•15%
16%
•15%
16%
•15'/8
16%
•15%
16
1
7
♦19%
19%
19%
19'/a
19'A
19'A
24%
24%
247/8
25 «/8
24 %
25
&
common
A
32
332
preferred
Chemical
(The)^
Corp
Dayton Pwr & Light common
Rights
"ft Jan 31
21%
21%
i.
ila Feb
12%
84
Jan
2
90% Jan
14
Preferred 3.75%
series
A
100
89
89
•89 %
90 V"
•89'A
Jan
5
90
Jan
13
Preferred 3.75%
series B
100
88
88
•86%
88
•86
88
23%
Sep
Feb
13
Feb
Feb
10
Feb
13
13
11%
10'A
1
33%
33%
33%
33%
30%
33%
30'%
32
31'A
31'A
40
40 *
40 %
40'A
38%
40%
37'%
38%
38
38%
30'A
30'A
30%
39 *•:£'"■
39
38%
Deep Rock Oil Corp_
Deere
Feb
29% Feb
5
32% May
45 % Mar
38 % Jan
20
Jan
32
Co
&
Preferred
10
-
No par
common
Delaware
&
9
Delaware
♦29
29%
30%
30%
29%
30 'A
40
40 %
40
40
39 '/■
39%'
Lack & Western
Jan
19
Hudson
Rio Grande
Escrow ctfs
2
50
West
8%
16%
16%
15%
16%
36%
36'/2
36%
37
35
36%
33%
,.34%
•34'%
20
207/a
20%
20%
20'A
20%"
203%
,20»%
20%
14% Feb 11
Dec
33% Feb
11
38% Jan
2
27% Mar
20 % Feb
13
21% Jan
10
62%
58
Jan
6
60% Jan
10% Feb
11
12 % Jan
Detroit-Michigan Stove Co
16%
Detroit Hillsdale & S W RR Co„100
16
Oct
22
42'/a
14% Feb
22% Feb
13
11
26
Jan
47
Jan
36
Feb
11
42
Jan
50
Nov
Jan
38
Feb
13
44
Jan
Feb
11
19
/
Escrow ctfs
Detroit Edison
Feb
Vilbiss
De
Co
6%
par tic
Diamond
Dec
24%
Feb
18%
Jan
13 % Feb
11
16% Jan
Distill
19%
Oct
15
Feb
11
17% Jan
Dlvco Corp.
Dixie Cup Co
23
May
19%
30% Feb
11
Oct
48
Jan
27
53% Jan
Feb
18
Feb
10
23
40%
Dec
39 %
28% May
16% May
45% May
21%
Jun
56% Jan
40% Jan
2
Dow
6
100
Jan
14
$4
V Feb
13
97
Jan
9
90
Dec
21
Jan
6
24% Jan 30
98%
10% May
14% Nov
Oct
23
Dec
Feb
83
Jan
2
84
16% Jan
5
2
120
Jan
6
113% Jan
28
Feb
11
94
Sep
Jan
97% Jan 20
115
14%.
14'A
14%
157/8
•15'/2
16
33
.31
52
50
50
18%
18
18'A
13
♦15%
conv
33
♦50
52
5
1.
Lowest
Highest
t per
$ per share
$
share
per
share
14%
16%
31%
29%
31
17'A
17
17%
17'A
6
•13%
•14%
94%
♦114
14%'
34%
347/a'
99%
500
90
90%
1,100
21 »A
22%
22 34
23
•82%
14%
143/a
170
172
169'%
170 3/4
170'%
114%
114%
114%
114%
114%
114%
95
94%
94'/2
94%
•14
14
•133/4
14%
Saiurday
Par
•
•
Feb. »
-
AND HIGH
$ per share
Feb. 10
94
"
-
114%
13'A
v
•'■»«
8<-0
■;
40
.
500
■13%
,
the Week
$ per
f per share
t per share
Sales
Feb. 13
Feb. 12
;
for
Friday
Thursday
Feb.11
t per share ■
Q4
114
14
Wednesday
.
500
114%
94
SALE PRICES
v
300
3,800
172
114
;,y
115
14
14%.
Tuesday
Monday
I per share
•114
114 '
115'A
>14
115%
94
94% ;
Shares
share
E
19%
Jan
Nov
24'A
Dec
Jan
14»A
22% Jan 29
Eagle-Plcher Co
16% Feb
Apr
51
11
18% Jan
2
Eastern Airlines Inc
16 7% Feb
25% Aug
16
11
22% Jan
8
Eastern
Eastman
20
y
11
Feb
48% July
38 % Feb
10
44% Jan
2
Dec
198'%
Oct
162% Jan
12
165% Feb
10
42% May
573A
Dec
48% Feb
11
55% Jan
5
42 Vt May
163
18%
25%
Dec
88
Dec
15 y«
Aug
104
17'A Feb
13
19% Jan
12
Jan
28
91% Jan
11
16% Jan
2
Jan
111%
Dec';.
Feb
104
106
28
Jan
Co
Edison
Bros
10
4
•85
14
14
104ys
•102
4%%
preferred
100
5% Jan
5
6% Feb
2
Elastic Stop Nut Co
11
52 % Jan
6
Electric Auto-Lite
Feb
19
333/4 May
13
13% Jan
35% Jan
5
2% Jan
2
17% Jan
7
Feb
10
150% Jan
5
Electric Power & Light com
$7 preferred
123% Feb
11
139
Jan
13
11
33
11'A May
19 %
Feb
Dec;
171
156%
13% Feb
139
July
Feb
47
Jan
57%
Oct
49'A Feb
10
56 3/4 Jan
9
15%
Dec
24% Mar
14 3A Feb
13
17
6
463/4 May
9% May
13
May
11 '/a
Dec
27% May
102
May
45
Elec & Mus Ind Amer shares
11
•5%
0
(The)
5
Feb
1% Feb 11
Feb
Jan
Jan
Dec
Electric
♦102
1
Jan
593A
Oct
55'A Feb
13
62
Jan
12
17
Dec
12'% Feb
11
16'A Jan
Boat
$6
preferred
Paso
Natural
333A
•32%
1%
1%
1%
No par
14%
15
15%
15%
No par
♦141%
143
141%
141%
♦129
130%
No par
Battery
Elgin National Watch Co
El
12'A
•32%
2
12%
12%
33
3
,
Electric Storage
9
12
12
12'A
33
♦1%
No par
common
Convertible preferred
45%
No par
♦49%
15
15%
Gas—
_3
51
-
50
57
;
■
15%
57
-
15
139
,
50
15%
■'-.
15%
57
130
•127
14
24%
Dec;
s
24'A Feb
Jan
12% Jan
2
Apr
31'A Feb
10
Mar
99% Jan
21
4% Jan
5
107
Emerson
9
13% Jan
5
21'% Jan
19%
38
29
34
Jan
Jan
6
3
Radio
Mfg Co
&
4
133/4
♦13%
13'A
22%
23%
23%
10
♦123%
13%
•12 3,4
Endicott
.
3
Empire District Electric Co
8
5% Feb
102
Electric
25
•31%
33
•31%
loo
♦99%
100
•99%
4%
Phonograph
Johnson Corp
common
preferred
139'%
8%
Dec
43/8
Dec
Feb
67
Feb
50% Feb
85
Mar
Dec
Nov
12%
7% May
173/4 Dec
13%
IOV4
25%
Jan
503,8
Oct
Nov
32% May
Dec
13% Aug
"•
■
'
—
5
9
,W'
Feb
13
9
Jan
14
11
19
Jan
9
8% Feb
Feb
x6%
,;'V
153/a Feb
Feb
24%
573A Jan
11
•
"7%
11% Jan
11
9Vn Feb
477A May
63
13
11% Jan
Feb
10
47
38
6
:
Jan 23
5
Equitable Office Bldg
Erie
5%
RR
l
new—.
No
common.
par
93/4
9%
♦53%
54%
♦63
65
Pittsburgh RR Co
50
Eureka
Williams Corp
Evans Products Co
Eversharp
47/s
100
preferred series A
Erie &
4%
5
5
Inc
73/4
♦16%
v
\J
4%
15
14%
55'%
55'A
23%
*:
12%
123/4
31'A
•297/8
16%
7%
16%
16%
87/8
1
9
Ex-Cell-O
9
Exchange
Fairbanks Morse & Co
8%
3
Jan
7% Jan
•393/4
2.50
6%
63/4
•63A
Corp
Buffet Corp
8%
40
41
9
40
7
-
.
600
,
1,400
>-,4,100
12%
21%
22
12%-, >;■■ 700
412%
12%
-31
30
31
99
100
:
..
.
1,000
12%
12'%
•22%
12%
31'A
>
100
»
'■
130
99%
99%
99%
99%
4%
4%
4%
•4'%
4%
4%
5
93A
9%
9%.
12,500
9'A > 9%'
x51
9'A
•63
•63
65
73/4
16
7%
16'A
73A
15%
83/4
8%
393/a
38'A
6'%
63A
.63A
8%
38
•
52
50%
51
50'%
52'A
-
"
•
7 3A
8
55 %
24'A
65
700
143/4
55'A
22
9% '10
54'%
.*
49%
.r;
.:> 12%
54%
•63
■600
49%
49%
15
13'A
47A
1,300
f
49%
56
100
12,800
5,200
15%
y
■'
■•,
140
126
12%
100
;:
.
50
49'A
•15%
2,800
1%
-14'A
124
23
133/a
4,300
■;.-•
>r
l'/s
137%
140
56
'33
33
32%
> -•-
1%
14
•
126
13%
57
11%
139
'
3%
11%
3a
700
?•■
5%
44%
11
123%
127%
'
Emerson
•5%
44'%
1,200
.
'
13%
y 142
127%
'
1047%
1%
:■»
1,900
."
•104'A
5'A
•32'%
1%'-
50
175A
1047/s
11'%
y.
333/4
3,900
15,700
2,500
13 3A
44'A ••45
t
\
>
.
88
•85
133A
5'A
53/„:
53/8
44%
'■
;,
-
13.3/4
•
•104
104 %
>04
5%
^453A
133/4
15,500
•
4
49'A
17 'A
-88
•85'%
>
14%
169
49
■17%
177%
17%
88
13%
2,100
.
\
387A
38'A
■:
49'A
48%
50
17%.
•165'A
169
•165'A
^
45'%
45%
BIRTHDAY
•85
1047/a
5%
6
38'A -38%
39'%
165'A
173/a
88
14%
LINCOLN'S
49
177/8
18
88
44'A Feb
3%
173/4
18
Feb
39%
50 3A
•13%
common
>17%
17%
17%
16'/a
16%
165
170
•50
50%
16 %
20 3A
16 3A
20
17'A
18'A
38%
397A
39%
♦85
Feb
Sep
-
•165
\
8 7%
145
♦49%
19
19%
39%
170
100
653/4
135%
19
39%
♦165
19
common——_2.50
43/4 May
16 3/a
■11%
100
20
20%
21
16%
17
20%
-21'A
17'A
preferred
50% May
10'/a May
2
21'A
17%
8
Corp
common
preferred
Stores Inc
21%
17%
Products Co
4%%
Ekco
♦21%
i
Eaton Manufacturing Co
12
89
Feb
Kodak
cumulative
6%
19
133/4 Feb
Feb
•Feb
27'%
109
10
Stainless Steel
•63
65
7%
7%
16
>6
8%
8%
39
•39
•
9,300
600
65
900
7%
"
16
1,400
8%
39
4,500
>
•6% 'i 7
6%
..
1,100
900
F
60
Jan
42% Feb
13
51% Jan
2
No par
44%
44%
44'%
447A
44%
31%
Feb
x28 % Feb
11
31 % Jan
5
30'%
30%
30%
30
30'A
Feb
5% Feb
13
7% Jan
8
Fajardo Sugar Co of Porto Rlco_.2o
1
30%
9%
Farnsworth Televis'n & Rad Corp
•6'A
63%
6'A
6%
57/8
6%
14%
Dec
11% Feb
11
2
Fedders-Quigan
12%
12%
•12
12%
11%
123/8
May
42% Mar
35% Feb
11
37% Jan
12
•36
37%
Dec
23% July
17
Feb
10
18% Jan
5
•17%
18
43%
44%
Jan
4% May
11% Dec
44
May
25%
32
16%
9% May
19
Apr
97%
Dec
14%
9% Feb
For footnotes
page
10
Feb
9
90
Jun
see
11
20% Feb
Feb
28% July
107%
24.
14
Jan
Federal
Corp
1
2
♦36
38
0
Mining & Smelting Co
Federal-Mogul Corp
•17%
18
2
Federal Motor Truck
No par
25% Jan
9
Federated Dept Stores com
No par
Jan
23
11
99
Jan
convertible
preferred
100
10
22%
•90
>
X28'%
6
>> 11%
-:v-.•-/■•
>2
36%
35'A
35'A
17
17%
17
;;
.
9%
9%
9%
22'A
22'%
207%
91%
91%
91% v
97/«
20%
'
,
91%
•21%
92
2,300
12
6
12%
5,300
5,700
,
-
100
17%
400
9%
:•
36
•167/8
■>./
9'A .'•' 9=A
22'A"
90
1,100
28%
53A
•34%
17
22%
42%
28'%
28%
•36
91'%
10'A
42%
:
44
5%
•■:.).
9%
800
21%
,,92'%
.1
300
14%
14%
1743/4
14%
:.
- •.
16,500
'
133/a
174
14%
6,700:
r
87 .»■'
•12%
12%
12%
.
•82%
1
87
•82'%
87
174%
Feb. 7
•
-
13'A
13
15
..»
3.200
99%
LOW
STOCK
51'%
115
173%
♦114
EXCHANGE
51
£
4,700.
92
22%
15
17%
99%
21'A
I334
17%
3,100
,
91%
23%
-
-
:
60
2.100
18 »A
30
51 %
22%
87
r.
-
400
50
;
18'A
29
.1-7%
500
35'A
93
14
V:
.
J.
99 'A
92 %
•82%
13,600;
f
Vv
r
34%
93%
22%
•»-"
>
49T&
•92%
87
50
15
,3i
99%
93%
100
;
35%
♦92%
22%
14%
;
15
:.
800
51
98%
♦82%
14
>30
\
200
V
.
17
•16'A
34'A
36
98%
50c
38 *
38
•
50%
53
35%
100
1,400
>
•98 »A
52%
35%
51
•"
/
3,300
y
•>,
29'A
16%
400
v
Vv
30
31
•
1,000
18'A
16%
3,300
> >•
14%
52
31
♦30
k
•
37%
v
18%
2.500
17,100
-
10
10%"
31
•50
i
23%
:15%
/
*
58
-I3.3/4.
13'/8
15
>
"
.
,20%
23%
39
303A
/ 1,300
'••■ <"
,15%
.34%.
143 4
-.16%
15%
31 :•>
No par
•.
A
16
15%
51%'
1st pfd
YORK
•37
13%
•
STOCKS
NEW
Range since Jan. 1
Highest
Year 1947
1,800
17,600
,
23%
.
-37
?.
17%
99%
DWG Cigar Corp
Range for Previous
36
,
41
35%
common
Duquesne light 5%
.
♦97%
preferred
2
-
IB
International
13
r
v-V
.
•36'A
15
23
22%
No par
No par
Jan
18'A
18%
r
l6'/2
14%
•50
18%
•39
17
17
♦30%
common
15% Jan
2
13% Feb
113
Jun
19% Mar
4 per share
41
Du
July
v
•39%
17%
Duplan
187% Jan
107%
Lowest
41
17%
•14%
16% Jan
11
129'A Aug
115%
♦39%
•13%
26
Dec
197
39'A
Corp
No par
Pont de Nem (E I) & Co com—20
Preferred $4.50 series
No par
Preferred $3.50 series
No par
11
13% Jan
Dec
Dec
5
15
23%
38%
.1
12% Feb
92%
Sep
3%%
15
23
No par
Aircraft
Dunhill
1,200
•t
7%
10'A
24
15
15%
•31
Corp
Dresser .Industries
19
8,200
23%
10% -W/a
38 %
23%
No par
$3.25 2nd preferred
Nov
115%
May
Jan
~:
1,400
->■
.
39%
•55.
58
.
23%
23'A
38
•15
153/4
-23 %
'
No par
Ltd
58
;
11%'.
23%
No par
Co
"■'•■'
303%
•
'•'■
4,500
'1
24'A
-l
,23%,
•38'A
2
comrtion
Chemical
11
11%
24%
&
38
._l
preferred series A
Feb
19
17%
169 % Feb
14
Douglas
11
Dec
May
110%
16
2
34% Feb
Ltd
Co
Mines
Dome
92% Feb
104%
173
29
47% Jan
114'/a
14
17% Jan
11%
>
60
•
2
Co
„
Doehler-Jarvis
37% Jan
Jan
76
Sep
Dec
80
13
23
29
5
42% July
Feb
36%
98%
91%
Feb
15% Jan
Oct
♦58
60
V
♦15
.12.50
No par
A
Pepper
20%
23
Car
Corp-Seagrams
Class
Dr.
Jan
"
•237/a
lll/«
24%
5
__
Jan
38
Sep
55%
34
May
49
11%
-
Motor
11% May
15% Dec
17%
•58
*23%
preferred
T
;
60
•58
I
Devoe & Raynolds class A
Diamond Match common
16
16 %
__1
Detroit Steel Corp
16% Jan
Feb
"Jan
31%
15%
100
100
Dec
20% May
35% Apr
7%
7% .•>.7.3/4
com
19%
44%
Jan
ie.-
8'A"
.
for pfd
for
6% May
25
7%
8%
8%
8'A
•
RR
25% May
23% Feb 11
r
20
2
Jan
Denver &
14
100
;
41% Feb
10
7% Feb 11
Oct
100
3,200
10'A
13%
10%
8
Oct
13%
10
13'A
11%
2
13% July
13
10'%
14
11%
Jan
.26%
13'A
13 3/4
41
Jan
1
11%
46% Jan
Aug
1
.
13%
^
50
87
-11%
10
17%
90
•85'A
50c
11
10% May
•89
87
50c
30% Feb
59
90
Dayton Rubber Co
37% Feb
Dec
•89'A
•85'A
'
Decca Records Inc
Oct
20%
72.500
5
Oct
Feb
32
U2
9
45%
10%
800
5,800
13% Jan
46%
38%
18'A
25%
n
15% Jan
20%
5% May
18%
25
11
Sep
Aug
31
19
25%
32
90
85
May
29% Dec
11
33
:
4
July
loT%
Dec
84
;
18%
247/8
»
3*2
101% July
*82% "Dec
21%
21%
93
20
Corp
"15%
1
100
series A
3%%
pfd
♦91
2.50
Corp common
Cum
23%
16
24
23
93
97
Nov
14% May
16%
5
22
92%
3,700
370
'
^
H* J
Volume
i\! »aM^V^«*t>J»lfci4*rt
vn^>^
167 Number 4673
1 "t-Mrtrn
THE
•
COMMERCIAL
-
&
FINANCIAL
CHRONICLE
(757)" 17
NEW YORK STOCK RECORD
Range for Previous
'
f
'•
Year 11)47
^vfboyrtnV? K
.....•
"Ranfe since Jan> 1>^
I per share
per-share
<■'
-v.-
■
-
26%. Feb
10
Vr. 21% Jan
26(4 Jan
20
Feb•
5
21% Jan
59 %,
Feb
55
Jan
6
61
Feb
43
Feb
11
*104% Jan
8
r
Dec
50 (4 Feb
11
v
21(4. Jan
14% Feb
13
Feb
20
Sep
104
;
t
51(4 May
14(4 May
u
107 (4 AUg
62 %
»
'
9
39(4
98% Feb-
Jan
30% Jan
4
105% Feb
19
40%
Dec
15%
.
13(4 Feb-21
Aug
Feb
Feb
Jan " 2
Jan
First
;
5.
9(4 Feb
lio" July
Dec
;> 14% Jan
<5
,
11
Feb
89
3
19(4.May
32(4
Dec
24% Feb
Jan
23'/2 Feb
10
6;
-
92% Jan
31
••
Feb
35% Feb
13
43% Jan
11(4 Feb
4
12% Jan
6%
5
Jan
14
Dec
39
Dec
Dec
17(4
78(4 Jan
Feb
21
22V4
9(4
Feb
26% Aug
14% May
5% Feb
Dec
Oct
Jan
Oct
51(4 Feb
100% Jan
9
% Feb
150
Feb
10
Feb
Co
9
Gar
Jah
$4.25
Jan
21
38
Jan
12
21
Feb
13
24
Jan
2
138
Jan
6
39(4
Feb
3234 Feb
13
Jan
34 % Feb
1J
Dec
10%
Dec
16 Va Mar
May
54(4 July
103
Dec
Dec
131%
X122
Jan
Dec
*}
% Ja?l
9%
13
40% Feb
119% Jan
Feb
Feb
28
Jan
93 % Jan
19
107%
Foods
$3.50
t3
48
Jan
14
General
6
126
Jan
21
5%
100% Jan
20
3(494
J7
Feb
10
Feb
51% Feb
13
58% Jan
2
119% Feb
3
121% Jan
23
98% Jan
10
Sep
93% Feb
10
Mills
General
$5
Motors
Preferred
19%
Jan
13
Feb
11
15
Jan
16
Oct
20%
Dec
16 % Feb
11
20% Jan
12
13%
Dec
26
Feb
14% Feb
13
16% Jan
.5-
Gen
Feb
2% Feb
13
3% Jan
5v
Gen
Public
16%
Jan
11% Jan
22
Public
19
.
May
.Oct
31%
140
3% May
18% May
26
Feb
23
Jan
12% Jan
5
Gen
26% Feb
2
6%
Feb
4% Feb
22% Feb
11
36%
Jan
13
31% Jan
12
124(4 Jan
110% Feb
13
123% Jan
2
Dec
35%. Jan
26% Jan
7
19(4
Apr
30
22% Feb
11
95
Dec
106
21%-May
85
Feb
;
Nov
108
28% Jan 23
24
Jan
,
15
Feb
13
28
Jan
2
10
89
Jan
72% Jan
23
77
30
Jan
Lowest
;
23% May
Dec
22%
21
13
36% Jan
.2.
92
Feb
13
94% Jan
6
18
Feb
13
82
Feb
2
Ort.il
21% Jan
2
26%
Nov
21% Feb. 11
84% Jan 12
27% Jan
5
58
Sep
49
53% Jan
7
Jun
;
124
"33
Dec
Jun
Dec
41%
95
27% Feb
Feb
lOa
Dec
99%
Dec
.T^n
71%
106
Dec
61%
Oct
Feb
11
5% Feb
Feb
13
115
Feb
*
Jan
x21
6
2
Feb
120
11
Feb
49(4 Feb
11
July
96% Feb
9
Jan
20
,24% Jan
10
9
Feb
x39% Feb
109
Aug
97% Feb
13
24
Jan
16% Feb
11
18% Jan
Oct
4% Feb
11
5% Jan
2
5% Jan
27
6
3
May
8%
11
_
44% Jan
101
<fe
NEW YORK
,
-
STOCK
EXCHANGE
Gimbel
Brothers
4%%
Goodall-Sanford
Feb
59
May
29%
Oct
14%
Dec
9
(B F) com—
Dec
12
105(4
17
33
78
95
May
4% May '
'
8%
May *
I
6% May
'
No par
Northern
6%
pfd
22
77
Jan
27
13
33% Jan
16 '
Jan
12
10
20
9
12
Jan
2
11
4(4%
37% Jan
21
11
5(4 Feb
11
85
Feb
7
Jan
2
89% Jan
7
12
14%
Feb
12% Feb
11
Dec
44
Feb
10
49% Jan
76%
Dec
57% Feb
10
75
] ~13%~Dec
16%
Sep
14
15% Jan
'*
1
ur
Jan
5
5
2
Jan
5
2% Jan
27
Jan
%
29
15% Jan 28
Common
16%
17
32(4
Dec
Jun
,13
Dec
;
87%
.39
19%
..19
Jan
31
Feb
10
33% Jan
Feb
13% Feb
11
15
Jan
13% Jan
8
Feb
86% Jan
30
•
14%
Jan
•
36%.
20%
137 :
*134
137%
70
*60
Jan
12
Dec
108%
Sep
xl01% Feb
10
103% Feb
4
27%
Dec
x21% Feb
10
26% Jan
148%
9
Oct
Jan
148% Feb
13
150% Jan
28
28% May
T
6% May
v.
75%
;
.■;},!
Dec
6
May
4% May
25
Dec
22
160
39%
Jan
89
-
conv
Co
Harbison-Walk
6%
Co
34%
.14'
$4.25
Refrac
27% Feb
13
Feb
6% Feb
10
76% Jan
12
6% Feb
11
8% Jan
11
8% Jan
Hayes Mfg
Feb
9%
Oct
Jan
25
Feb
9
Hart, Schaffner
9
Hat
Jan
26% Jan
May
30%
Jan
-22
Feb
11
103%
Apr
78
Jan
27
87
42%
Feb
108'
For footnotes
July
37
Feb
13
95% Jan 23
1
Jan
Hecht
13
par
42
Jan
2
98
Jan
2
Co
Heinz
&
Marx
3.65%
9,400
20%
3,500
136
*132%
*60
70
cum
Co
.
■■
*132%
29(4
30%
14(4
14(4
10%
10%
33%
30%
5(4
5%
*60
97%
31(4
5%
5(4
*85%
88
60%
/
r
l
90
4,700
•
5%
89%
13%,
85 %
12(4 •13(4
44
45%
60%'
58(4
59(4;j.
58%
14(4
15 %r
14(4
15%
*30%
1,300
31%
rin
15%..
40
13(4
—
'
/-•
>•.
5934
—
20,500
,
..
46 %
2 i'if
14%
13%
*45
80,600
V:,
'
•'
800
109,000
;
<v
J:
9,800
/•
32%
*13(4'
14(4
*87
.
23
89
common
preferred-——,
/
>
,.;
1033/4
7%
*77
*7%
7%
154
89
;
31
31%
i?
13(4;
*14'
87
y/V
77
7%
7%
6(4
7(4
6(4
7%
5
*24(4
*22%
23
*82 %
82%
25(4
*38%,
38(4
*95%
96%
25%
25%:..
*
r, *22%
,
25%
23
82%'
• ' *82%
'38% ...38%
96 %
96(4
•
.*
:
.
*22
38
95%
3.8
95(4
j
-
148'/a
27%
6(4
i:
*6(4
6(4
,
/■
i
'25 %
/;•/;./
,22
-
•
*95.(4 .,96%
..
V.
I')f
„
jj-
.
y
■
.
••j84
•;
■
-
-
iq
i
*
1
WiViinf
J.*,*.
1
'■
'
|
."~-r
-
•'
*
i
.4' ■:'
^1.
20
7
1,400
8.500
25
i
22
800
/;;•:
•
.
-
100
>,•
500
70
.84
.•,|37 i(Vl37
.
-
*21%
.
c
900
/
6(4
25
0%:
11
82%
82%
37% ^(37%..;
10
700
'•:/
'76%
*75
6(4
22
j"
1,100
6(4
6(4
25 %
'
82(4
•
22%
27%
7
6(4
25(4
'23
-
82(4
20
200
148%
28•
77
100
89
*22
6%
'
1,100
101(4
101%
154
7
14
*86
22
200
14
*13(4
:•
102
*75
7%
7%
:
V '88
27(4
77
7%;
*86
*148%
7% //
1334
■14 (
21(4
28(4
6(4
13%'
."
102
154
28
7%
78%
.V-J;
22%
*148%
28(4
*77
14
102
x21(4
154
*7
13%
'
14(4
86%
'
23
31%;
"
13%
X101%
.' av..'
103(4
*30%
'
''
'
7(4
15
100
.
14(4
'28(4
;
78%
100
25
*148%
,
4
.14
23
29%
7%
/
*87
•
23
*28%
32%
.14
*14
...
103(4
*148%
1
*31%
■
14%
;
seej^ge 24
900
22,000
31(4
5%
*86%
85%
1,900
'
96%
31%
44
;;
57%;
.
i
.
96 %
.
___
12%
V
2%
70
44
•
15%
135
14(4
,31%
■
2,200
30
10%
•
200
,
12%
70
10
14 lA
;
30
*14%
97%
:
1,100
31
*60
10%
,45%.
2%,"
*3034
136
97 %
Mi
.15%
I'X-f
*132%
10
6%
'59?a.
2 i'B
1
2
common
J)
,-k
97 %
-""'34 %
13%
—10
100
Inc
Corp
preferred
(H
38(4
20%
*9(4 ,10
30
10%
1185%
15
*103%
com—No par
preferred
3%%
37:,
20%
9 5/4
/
98
*44%
*14
.—100
pfd—No
Hazel-Atlas Glass Co
26% Jan
Dec
May
38
20%
14%
*5%
59%
*31%
•'
...
4
4
5
Corp of Amer class A
4%%
12%
36%
20%
,
9%
30%
45%
100
Hayes Industries
6% Feb
12
35%
Jan
7% Jan
79
12%
38%
20%
14%
14%
:
14"%
No par
preferred
Apr
31
12%
30%
34
6%
87
•59
—25
com
preferred
(M A)
10%
35
Dec
4%
Watch
100(4
90
x95
(W F)
Hanna
12%/
14%
10%
110
30
»
30%
*96%
92
10
31
14%
10 3/8
3,500
10
-.70
.
92
700
1,100
*30
30%
97
54|li| H
Water—
Apr
90%
39%
1} 0
Printing Co
19(4
90%
,
24(4
1,100
■
^
Hall
102%
92
24,600
27%
18 %
24%
600
1,400
5(4
18%
25
20%
•44%:
—No par
Hackensack
112
24%
38%
34
——__
Hamilton
Dec
25%.
9,700
^
4%
5(4
*26%
18%
12%
97
—
—
Gull States Utilities Co
5
9
18
12%.
10%
Gulf Mobile & Ohio RR com_No
par
$5 preferred
—No par
Corp
25
5
,
Jan
19
12%
■
-.14
18%
200
41(4
4%
70
3,800
*
97%
16%
16%
5(4
90% ;
('»
•
1,300
40
27
25
/
<
97%
4(4
5%
27
12%
20(4
4%
6
500
5,600
117
*95(4
16%
28%
31
38(4
16%
4%
5%
10%
6%
*114
97
28 %
93
** ^
)'!>■
4%
6
10
"
Gulf Oil
Rights
5
31%
8,600
5%
21
16%
5(8;
'
22
51%
96 %
16%
47/B
300
8,400
49(4
5%
40
31
*85
21%
*48
100
*
7,000
84
21
9*7
93%
1
*81
51
x39 %
38%
—No par
:
BIRTHDAY
50%
',*963/4
.
18(4
21
96%
*29
92
"
117
%
Shares
28%
92
18
LINCOLN'S
5%
41%
99%
*20%
1
common—
preferred
conv
5%
*114
117
31
100
Aircraft Corp:
Guantanamo Sugar
$5
*115
10
3
—
preferred—
$ per share
27(4
50
94
*65
the Week
22
49
'
Grumman
30% Feb
21'%
53/«
41
14%
97% Feb
22%
51
5%
96%
30%
5
21%
*9%
*134
Sale* for
Feb. 18
•■'
84
51
94
100
*81
99%
14%
8
18%
41%
30%
Feb
18%
97%
1
Jan
19%
99%
Tap & Die Corp__No par
Greyhound Corp (The)—
10
18%
19%
;
Friday
Feb.12
$ per share
92 ('2
84
1.800
200
Thursday
$ per share
28 7 4
*81
•
PRICES
Feb. 11
92%
25%
12%
22%
Wedrfesday
28%
19%
Greenfield
SALE
*
93
25%
*30
——100
Green Bay & Westein RR
Green (H L) Co Inci
93
Jan
Ry
Preferred —-i
HIGH
29%
19%
No par
Jan
22% Jan
AND
41(4
5
620
78
25%
1
Great Western Sugar com—No par
Jan
42% Jaii
*74
*25%
No par
Gt
144
78
*19
5
com
pfd
conv
,-*.74-'-f
99%
5%
9
31
51
31% May
cum
78%
49
30%
preferred———100
$2.25
22 %
87%
22%
x21
4%
;;/
98
*86
22%
30%
No par
*93
87%
22%
51%
*5%
common—
GraySon-Robinson Stores
Feb
Dec
Co
98
'*86
"
21%
No par
City Steel
*93"
23
86
50%
—5
Union Co
•
22%
17
17
1,200
500
29
120
2,100
25%
1,600
22%.
1
23%
25
22%
93
5%
*96%
23
1,600
6,900
22%
52%
'
1,800
17,200
22%
22%
'
22%
97%
2%
11%
26%
52
41
*98
1,400
26%
99%
41
No par
T4 %
•
•27
50%
*96
600
1,100
111%
22%
50%
No par
5
11
22
57(4 Apr
"
No par
Hosiery
Dee
Dec
*22
No par
14% Feb
Mar
*115%
500
14
110%
52
117%
94
.
112
23%
*51
53
120
27
t per share
84
23
23%
23
25%
45,200
600
111
Feb; 10
20
19%
117%
Prop
Jan
73
23%
*51
22%
25%
27%
30
*81
100
Co
preferred
conv
19%
84
*
95
29%
5%
Ore
29% Feb
Feb
35(4 Aug
\ 21%
July
92
t'i
70
19%
11%
4%
day;*:- "•"-"V Tuesday
*93
5%
Nothern Iron
20
*
51%
120
24
%
*125%
>
115%
*75
I per share
29%
11%
23
51%
85
•
Feb. »
5%
Gt
36% Feb
Jan
'
?
•24
23
27
112%
78%
1
9
137% Jan
27% Mar
4%
'
98
Men
-
95
*81
10
15
49%
29
*93
5
Inc
10% Jan
' Jan
163(4
24%
27%"'''
*75
t per share
50
27
'
128%
4%
LOW
:
preferred
conv
Goebel Brewing Co
Gold A Stock Telegraph
9% Jan
Dec
*125%
4%
2%
128%
4%
4%.
116
*93
98
Saturday
teb. 7
*
cbmmon
16
Dec
128%
12
25%
■"
"
$4.50 preferred--—
—No par
Glidden Co (The)
com——No par
Jan
20
■•■
-
Gillette Safety Razor com—No par
$5 conv preference—^
—No par
96
Jan
24%
24
*93
Par
10
34% May
4%
2%
11%
*125%
1-28%
4%
>
90% Feb
133
*125%
4%
78%
Grant (W T)
13%
128%
4%
100
Granite
19
23%
•"*'
24%
•
-
*75
preferred
29
12% Jan
2%
11%
23%
•
26
3%%
16
Sep
2%
2%
23 %
$5
6
14%
•
2%
86
Gotham
32
14(4
15%
2% 4
14%
2%
23%
26% Jan
23
14%
15%
86
11
Jan
15
100
•
*16% N:175'"
15%
23
24% Feb
30
16%
15%
88
Jan
Feb
16%
16%
23
33
Feb
17%
18%,
*86
23%
17
*13 %
18
5
Grand
14%
*93%
13
18%
100
7
37%
93%
13
*18%
*125%
Rubber Co com
2
1
93%
93%
13%
98
preferred
Tire
21% Jan
Dec
120(4
93%
14 **
14%
-.12
250
98%
120%
93%
10c
121%
*97
52(4
14%
11%
1,200
51%
93%
25%
40%
120%
98%
3,000
40%
122%
10
120(4
14'/a
11%
121%
100
9(4
10
41 y»
92
53%
93%
25%
*91(4
120Va
*14
4Yi%preferred--..—-----100
Jan
Dec
93%
/
*
144
x52%
r
*93
Gen
33% Jan
May
54%
*141%
93%
*97
23
11
9
97
-27
11
12
122
97
23
Feb
28
122
27%
144
41
iV 27
Feb
Mar
10
42%
27%
18
107
10%
41(2
23%
27
Dec
10%
23%
Oct
90
5,900
10%
*27%
Jan
Dec
*91(4
42(4
120(4
com—No par
21%
8% Mar
26,100
34(4
27%
Corp
41
Dec
Jun
33 %
34%
*23
Instr
12% May
5%
32*34
35
42%
100
Graham-Paige Motors
Granby Consol M S & P
31
33%
34%
.10%
54(4
Goodyear Tire <fc Rub com—No par
Jan
32(4
Gen
Goodrich Co
Dec
*141%
93%
,
500
35%
100
25
60
21%
34
Z. 123
25
21
144
123
11%
22%
35
-
<.97
<*9f>
6,500
36
*91(4
120%
No par
?:.■ $9 preferred
13% May
*32
21(4
(4
93
54%
5
500
:
9(4
33(4
36%
120 %
No par
10
36
100
2%
!o
/ 9%
*33
27%
100
Jan
34%
35%
53%
1
10
9(4
150
37%
22(4/'
123%
y
10%
9%
100
3,300
70
"77
114%
.57% Jan
;
*96
•
10
150
..
1,300
V
9%
*75
27%
2
Jan
*42%
151%
.
52%
104%
9%
.
*141%
34%
*120'A
-ti per share-
30
Dec
49
: j
144
9%
77
113%
V
36(4
51% May
5 % May
104%
t per share-
;/
*141(4
/i:
52%
*103
*75
*27%
Highest ,/v
-
ins%
.
90
i7% May
85
Lowest
1 per share
I per share
,
Range since Jan..1.
Highest
X22(4
10
STOCKS"
•-xv-Year 1947
23
'
52%
104%
150%
10
113%
Range for Previous
\
10%
■
Steel
Time
300
77
1
7;
Feb
*22(4
144
*123
Shoe Corp
30
9%
10%
9%
*33
10%
:
30
101'/2
52%
*103
152
*10%
37%
43%
Refractories
4%%
22% Feb
85
Jan
98
#,
*150%
Castings $6 pfd—No par
General Telephone Corp
20
Gen
Apr
40%-Feb
.
Dec
ai
25
9(4
*35
*91(4
Corp
General
Feb
Apr
9(4
152
77
£U(4
10c
General
26%
•
*99(4
52%
104 %
77%
91(4
No par
7
101%
11%
101
51(4
*102%
9(4
9(4
*150%
36
100
5
29
5% Jan
28
-
9(4
152
100
52%
103
34%
,_No par
Jan
128% Jan
11
Oct
52%
103
36
Equip Corp—No par
Utilities
30
101%
101
*100
...
52%
103
33(4
Railway Signal com
6% preferred
Gen Realty & Utilities^
800
4,000
*99(4
101
*141%
Service
200
5%
5%
8,300
400
100
Co
5(4
4,000
_No par
series
5%
400
18(4
11(4
_No par
Cement
5(4
18
19
23%
Advertising—No par
Portland
13 %
18(4
11(4
*23
Gen
29
-
29%
...
May
j
; -
7
128(4 Jan
Feb
Outdoor
General
*12 34
18%
No par
Precision
4%
2% May
11% Dec
Gen
13
*29%
1,000
13,600
7%
19
19
100
$3.75
13% May
18%
7(4
7%
*18%
12%
37%
com
*7%
7(4
4,300
18(4
*34
Corp
79%
11(4
50
preferred
200
18(4
78 %
19
18(4
:•
900
2,100
11
18%
*
7(4
734
36(4
*10
79
19
13
35%
1
18%
•
*7%
-•
13
.
2,600
12(4
11%
preferred
conv
13
19%
5(4"
-10%
preferred
12%
*78%
30
10
common
240
*12(4
30
77%
_No par
Instrument Corp—
—-1
General
23%
13 %
19
r-:.
r
*10(4
preferred.—
Jan
23%
18
7(4
6
10%
com
4,200
24%
8%
31
78%
Co
Corp/
*23%
*'
19
5(4
10%
—
Electric
General
780
25'/a
79
*30%
*77%
preferred
General
:
12
•i •
Mar
129
7%
35(4 Jan :'/'2r
39(4 Jan
3
Feb
65%
Dec
1 8
Aug
144
19%
com— _No par
Cigar Co Inc
91%
24:14
20
*10(4
37
General
90%
25 %
12%
-—5
—
preferred-
91 %
24%
19
52%
General Cable Corp com—— .No par
4%
1st preferred
100
2nd
34%
90%
.
'
12(8
9%
General
conv
34
,'
19%
*12(4
1,700
34
11
19
200
8,800
33%
20%
*150(4
8
4%
9(4
;
12(4
-5
—
24%
9(4
20
-No par
Corp
18%
23(4
12(4
*99(4
Co common
*17%
9'%
20
*102%
Bronze
19
/ v
18%
24%
36%
7%
13
6
'
12%
;
100
General Baking
$8 preferred
9
13
31%
Amer Transportation
5
.No par
pfd series A
General
2
45(4
;
5(4
2,200
*10
7%
19
'
200
13%
X36 %
8%
19
10
31%
13%
13%
8(4
8%
19%
10O
*98
11
'
6,400
*30%
37%
*78:
-1,200
13%
13%
18%
/.
31
37%
*10
v
79(4
8
8%
27%
23(4
700
15
32(4
19%
26
87
125
Investors
13%
*78
8%
8V4
*30
11(8 Jan
May
.
*8%
com—1
American
79(4
*19
1
com
78(4 Jan
32
Dec
*78
preferred
6
,
20
19%
11
Feb
19%
19%
*19(4
9(4 Feb
Jan
19%
V
-1.66%
19
11% Jan
11%
.No par
$4.50 preferred
9
Jan
39
11%
*13%
13%
General
5
10% Jan
38
11%
13%
Gaylord Container Corp.
58% Jan
Feb
13%
91%
23(4
*
51%
31(4
100
9 %
90 (4
i-
-'.
■
28
23%
105
14(4
31%
*17%'
"•■"'.23% ■
34%
&
5,100
:.%•
13'4
10
25(4
27%
•
39%
1
2
29
<
26
9%
-
34
90%
90
23%
28
*13%
1
Inc
35%
,,
*104
50%
15%
1,700
30%-
y
19
24%
9%
BIRTHDAY
44%
600
56%
43(4
50(4
400
>
-
56%
105(4
'31%
-
13%
20
LINCOLN'S
*98
31%
-19
26%
-
9%
•
'
Shares
20%
*1'J%
56(4
50%
100
*20%
44%
,^15.
32%
•
-13%
20
26
35%
.No par
Industries
conv
*19
•
24
: *10
_1
2
Jan
155
Wood
''W:.
Jan
*>•?. *30
*38%
par
com
Co
31%
91%
common..
(The)
99%
9%
24
—20
Gardner-Denver
»
91(4
100
preferred
Gamewell
2o
.
*27(4
76% Jan
33
94
(The)
'
10
25
-
Feb
160
120%
9
Co
8
103
11
14(4
Jan
6%
*19
-10
Gair Co Inc (Robert)
13%
-—100
:
preferred
Gabriel
13%
99%
*30(4
(
35
common
2
102
13
Jan
cum
Co
•
13%
35
No
2
13(4 Jan
:
11
July
4%
Trailer
32
13%
-
Malting Co Inc_l
5
23
6
Feb
Fruehauf
)
*30%
V-
32
S per share
20
I "43''
*104"
15%
Sales for
the Week
Feb. 13
I per share
20(s
56
53
*98
,
>'
106
15%
33%
26%
Co_
&
34
100
10
Co
Sulphur
6(4 Jan
10
Dec
Dec
51%
33(4
•
/
45
*Ol
V".
15%
26
9%
common
Feb
33
10
100
8ugar
Freeport
21(4 Jan
,/
13
Feb
Dec
TOO
11
11(4 Feb
137
-123
52(4
15%
20%'
57
56(4
106
>52(4
v
'
32(4
1
83% July
47% Feb
Sep
43
13
18%
Apr
34%
Feb
Corp
prior preferred-
Jan
14
13
185
May
23%
'54
J
Friday
Feb. 13
S per share
-20
44
*104
•Thursday
Feb. 11
j
20%
*.ij
v
*97-,
10
;
9
/
4
18% Feb
13%
Dec
8
18
9% Jan
5
58%
Dec
37
Feb
Jan
102
Oct
71
xl3
30
16
Apr
<
Feb
109
Dec
•t
57%:
15%
/
•
Wednesday
:
20
:m 20
'45%
*105
106
-53
—No par
Inc
20
/
14
23(4
Nov
11
10
Jan
43% Feb
/
10(4 May
149 %
*105
*15
7%
Corp—
Froedtert Grain
5
Jan
Corp—
Steel
Francisco
5
81
11
19
Dec
4% July
17%
24% Jan
22
7(4 Feb
♦/•■ Jan
12% May
143/4 May
11
7% Feb
10% Oct
Jun
Feb
18
Jan
103% Mar
5% May
9(4
•
Foster-Wheeler
HVa Jan 27
50(4
22
Nov
48
.v-
Machinery Corp (new)
3(4% cum conv pld—
5.
11%
xlOl
45(4
20
n-.-
21
57%
45%
100
Food
5.
36(4 May
100
57%
SALE PRICES
^ ^per share
20%
*20%
/
57%
.
Stores—.—No par
No par
Food Fair Stores
7
Jan
25% Jan
'
12% Feb -11
8%
20% >
21
HIGH
Tuesday
Feb. 10
t per-share
'
"
■'"'• 45%
25
Carpet Co__:
Power
Follansbee
13
25% Jan
18%
*20(4
—10
com
Florshehn Shoe class A
5-
39(4 Jan
,
11
26%
77
Rubber
preferred———
(The)
Florida
15
10% Jan
10
23% May
12% May
18%
Tire As
National
Firth
•
17
21(4 Jan
40(4 Jan
10
23% Feb- 11
,
33 % Feb
•
4%r#
5
58 -•
I per share
*20% /20%
.
1
37(4 Jan y 5- / Flintkotu C-MThe) common—No par
,'102% Jan 15 ,:
$4 preferred——.
-No par
v 34% Jan
2
Florence Stove Co—
s
No par
.
23
17% Jan
May
91
S
Firestone
17
11
24-
i
14(4 Jan
9
31 (4 Feb
Feb
41(4
.Dec
May
Oct
110(4
>
'May
18
Mfg Co_
Corp—
Fidelity Phen Fire Ins N Y
;
AND
?C-.H
Monday
■« Feb. »
•
24" May
99
Dec
13
Tarrant
Snamel
13?>
50 \ Jan
m
Felt Se
: Ferro
'(2-.
58(4 Jan
-n
,
•
30
LOW
Saturday
;V -Feb. 7
-v
>
6.
'
Jun
•:
STOCK
»J per share
Dec
42(4
NEW YORK
:
EXCHANGE
20(4 May
46 (4 May
'
v.-
Lowest
/Highest ..■■■! ■■■;
$ per'share
20
v< stocks
96% -96%
y-vi
'-'•*-,.--250
iiPt aoiaaiyci v
THE COMMERCIAL
(758)
Range since Jan. 1
Year 1047
Lowest
Highest
9 per share
LOW
STOCKS
Range for Previous
Lowest
FINANCIAL -CHRONICLE
&
9 per share
$ per share
NEW
Highest
STOCK
Feb. 7
HIGH
SALE
Tuesday
•'%• Feb. 1)
•'
Feb. 10
$ per share
Par
AND
Monday
Saturday
$ pet share
*
.
YORK
EXCHANGE
.
Monday, February/-16,-1948
Thursday
Feb. 41' A
y per share
$ per share
PRICES
Wednesday
$ per share
Nov
68
Jan
51
% Feb
Jan
19
Dec
165 '
Jan
140
Jan
142% Jan
2
14% May
50'/4 Sep
12S
Helrae
14% Feb
17 % Jan
Hercules
63
Feb
47% Feb
53% Jari
Hercules
134
Mar
Dec
38
Oct
134
20
Sep
125
*117
29%
Jan
<
Jan
30
.
121 /
21
Feb
21
'
5%
128% Feb
Jan
27% Feb
Sep
Sep.
Jaa
100
Motors
*15%
16
*49%
50%
preferred
100
12%
12%
12%
12%
"28%
29%
*28%
29%
28%
24%
*23
24%
*22
24
X29%
Nov
24 % Feb
5
25 % Jan
21% Ma y
311/4
Jan
21% Feb
26 % Jan
Holland
14% May
20 %
Oct
13% Feb
15
Hollander
17
May
25
Jan
15% Feb
18% Jan
19
35%
Jan
48
Jun
38% Feb
41% Jan
10
30
Nov
36
Dec
26% Feb
35% Jan
Hooker Electrochemical Co
19%
Feb
14% Feb
17% Jan
56
Feb
40% Feb
46% Jan
34% Jan
Household
Oct
29% Feb
89
Jan
91% Jan
38% Feb
42% Jan
28%
Dec
20% Feb
20-%
2s)
Feb
19
Feb
38% Mar
33
Jan
31
4 % Jan
2
Dec
311/2 May
3
7%
May
7% May
Feb
3%%
Howe
35% Jan
of
Sound
5%
&
,
7,900
200
*22
21%
21%
13%
13%
*16
38%
16%
38%
16%
*13%
16
16
16
16
•39
39
38'%
39
38%
38%
*27%
28%
28
28
28
28
No par
t
c_
Co
1
300
38%
27
2,000
38%
3,400
27%
14%
900
14%
27
14%
41
3.100
41
*39
100
30%
30%
29 %
29 %
29%
,*89 %
89%
*89'%
89%
89%
89 %
40%
39%
39%
39
39 %
38%
38%
23%
39%
22%
23%
39%
21%
22%
20%
21%
20%
20
20
21%
21%.
34
9% Jan
7
100
'*10%
20
38% Feb
2
Hudson
Bay Min & Sm Ltd—No par
*36 %
15% Feb
11
21% Jan
15
Hudson
Motor
15 % May
30
Jan
15% Feb
13
18
Jan
5
Hunt
Foods
Feb
3% Feb
11
4% Jan
2
Hupp
Corp
11
35% Jan
Idaho Power Co
Illinois Central RR Co common—100
No par
19 %
19%
19
33 %
34
33%
33%
5%
5%
*10%
29%
x
11%
5%
*10
5'
10%
*10
29%
*89 %
19
34%
5%
11%
5%
34%
5%
34
34% Jan
Inc
30
14 %
*39
1,900
14
15%
89%
*19%
5
preferred—
15
40%
21%
15%
23 % ■'
common—100
Car
14%
40%
210
40% /
25
—
Manhattan
26%
15
41
<■40%
30%
*89%
__
v
15
15
41
200
24
21%
Oct
7%
500
12%
13%
Feb
3% May
21%
12%
28% : 28%
24
22
100
Texas
non-cum
21%
*22
13%
21%
21
21%
21%
431/4
12% Jan
21'/a
14
May
13% Mar
22%
*21%
22
15
*19%
10
3%
<
400
1.400
5%
2,600
10%
37
10%
37
10%
35%
3 6'/a
35 %
35%
35%
36
17
17%
15%
17
15%
16%
17
*16%
1
6,800
33%
5%
17%
6.66%
.1.000
20%
33% i
5
2,400
90
37
17
20
119
16
*40
30%
;•/:'
•
30
*113%
14
•
12% May
33
125%
*27%
118%
—5
com
Stores Corp
Hudson
6% Jan 29
*123%
118%
21%
com__—_No par
>_
50
Finance
Oil
Houston
Howard
Jan
BIRTHDAY
"
119%
118
21%
preferred..
28% Jan
2,800
14%
Houston Light & Power...—No par
22
48 %
*21%
—5
-10
Houdaille-Kershey
$2.25
preferred
Sep
47 %
*14
(A)
Holly Sugar Corp
Homestake Mining
13% May
30
10
LINCOLN'S
_12.50
& Sons
44
Jun
5
(Del)——„
Furnace
>
■
700
•
900
28 %
*23
Apr
*27
53
142
14%
12%
29%
*119%
''-21%
Shares
14%
125%
12%
22%
36
125%
22%
Hinde & Dauch Paper Co_—
Hires Co (C E) The-™,—'-
28
119%'
21 %
12%
27%
12%
Hilton
30% Jan
451/2
125
27%
*28%
14% Jan
27
105%
125
*21%
5
% Jan
Hotels
52% '
48%
5
12% Feb
28
Dec
48
5
10
1
Dec
Dec..
Jan
47%
Inc
14%
33
37% May
16% Jan
*27%
28'
the Week
*138
14%
47%
Corp
Hewitt-Robins
Jun
85
53%
140
14%
127
<
.
*51%
140
15%
119%
Jun
281/4
*125
51%
154
14%
50%
47%
127
<51%
15%
28
119%
10%
Dec
*125
=
*140
150
No par
No par
I
preferred
26
Jan
*140
15%
145
No par
common
v:'
51%
*140
No par
Powder
$4 conv
27% Jan
4
preferred
Hershey Chocolate com
Jan
51%
25
common
non-cum
Feb
118
W)
(G
1%
22%
Dec
291/2
55
9
Sales
Feb. 18
$ per share
'
491/2
140y2
17 %
15%
16%
17%
16
16%
3%
'3%
4
3%
■-
for
Friday
Feb. 12
$ per share
xlG
16
100
4,300
16,300
15%
15%
800
3%
3%
3%
3%
3%
4,400
*32%
I
.,30
May
18% May
39% Aug
32%
321/4
Dec
27% Feb
11
32% Jan
371% May
.
64%
Dec
62% Feb
11
72
Feb
6%
Jan
100
*95%
26%
9%
26%
97
Aug
96
Jan
15
96% Jan
Leased
26%
Dec
24% Jan
22
28% Feb
RR
lines
4%
21%
*21
*15%
15%
*15%
*41%
42%
15% Jan
28
10
49% Jan
5
Industrial Rayon
121
Feb
11
130% Jan
9
150
Feb
10
153
Feb
10
Ingersoll-Rand common
6%
preferred
""35// Feb
13
40% Jan
2
Inland Steel
2
Inspiration Consol
May
136%
Oct
Dec
180%
Feb
33
Apr
42
12% May
61/2 Sep
Oct
17%
8%
Nov
15% Feb
Feb
35%
May
50
100%
Dec
108
Mar
May
,7
.Feb
6% Feb
Jan
9% May
192% Apr
15% July
246
Nov
95
July
40
Dec
17% Jan
i
100% Feb
10
103
9
Interchemical Corp
8
Jan
27
3% Jan
6
Intercontinental
11
14% Jan
2
Interlake Iron
Jan
30
,242
Jan
5
Int'l
10
130
219
80
Feb
Feb
92% Jan
Business
New
13
11
10
Int'l
Jun
163% Jan
6
167 % Feb
2
10%
Feb
5% Feb
11
6% Jan
7
Int'l Hydro-Electric Sys
34%
Oct
23% Feb
11
33% Jan
8
Int'l
76
96
Jan
3%
Dec
5%
Feb
Dec
36%
Feb
130% July
137
38% May
94% Dec
.
59%
107%
Dec
Feb
3%
9
Feb
11
Feb
74
26
11
28% Jan
78
Jan
Jan
2
136% Jan
21
44% Feb
13
53% Jan
2
96% Jan 15
135
89% Feb
11
16
Feb
10% Jan
2
13 % Jan
Preferred
7
Dec
116
.107% Jan
29
Feb
103% Feb
13
*6
!
...
Paper
preferred—
$4
Int'l
Co
5%
Apr
58%
Feb
52% Jan
24
54% Jan
29
371%
Jan
45
Dec
42 % Feb
13
45...
Jan
12
International
40 %
May
63%
Oct
45
Feb
11
56
Jan
5
40
Feb
32
Feb
10
34
17%
Feb
11% Feb
11
17%
Feb
11% Feb
11
26%
Feb
27%
Oct
22% Feb
13
A 25% Jan
5
69% Nov
59% Jan
22
63% Jan
30
29% Feb
13
30 % Feb
13
New
137% Jan
16
19
$6
Jun
9% May
9% May
Apr
May
38% May
143%
Jan
158
Aug
18
Feb
11
Jan
Jan
140
Jan
Year 1947
Lowest
Highest
$ per share
Jun
Dec
80%
Dec
13%
39% May
89
Feb
24% July
104% Feb
Jan
53
Dec
Jun
104% J3ep
46% Oct
108%
Dec
125%
•37
Oct
-2
24%
Sep
98
Dec
112
Jan
100
Feb
10
102
Dec
151
Dec
.145
Jan
29
152
29% Feb
11
34% July
27% May
39
Feb
21
Feb
13
26% Jan
103%
103%
103%
54%
54%
54
54
43
42%
42%
42 %
42%
45
45
370
200
200
12%
12%
12%
13
12
12%
11%
11%
11%
11%
2,700
1.100
Creek
Coal
*18%
50c
preferred.
*..
YORK
(F
Tea
I)
140
cumulative
18%
18%
18%
18%
18
18
*23%
24
22%
23
*22%
23%
22 %
22%
400
61%
30%
*29%
30%
29 %
30%
4C0
144%
10
140
7%
Corp com
preferred
20%
20
20
92
91%
9L%
89%
91%
42
*41%
42%
41%
42
93
*92
93
153
83% Feb
6
Jan
13
40%
Oct
31% Feb
11
40% Jan
2
Joy Manufacturing Co
14
Jun
22%
Feb
14
11
17% Jan
2
Kalamazoo Stove & Furniture
preference series A
100
/
23%
30%
•
•
>. 23
23%
*92
•:
36
? 30%
Friday
Feb. 12
Sales
Feb. 13
Thursday
S per
the Week
for
$ per share
share
Shares
7%
2.100
153
19%
19%
LINCOLN'S
91
91
41
BIRTHDAY
40%,»41
*92
34%
21%
/'
92%
34%
90
10
.
35
9.300
101
*100
22
•600
•800
"
%••>.'
92
92
34:,4
100%. 100 %
500'
21
101%
*100
101%
*140
153
*140
'
,21%
*100
153
29%
30%
29%
31%
92%
100
,
7%
19%
89%
41
'
22%
140
7%
19%
89%
102% '-:
22%
100
7%
•
'
35%
34%
153
':
.
101 Va
101
*140=
,
/
23
1.101
31
7%
8
104
>
*103
103
30%
1,600
150
30
29%
13,400
'
84
84
1
34%
34%
10
1
36
•.
102
*140
Jan
5%
...
35%
*101
25%
7%
*7%
20%
35%
Chicago RR stamped
100
Jones & Laughlin Steel com—No par
$ per share
*140
•
7%
103
Feb
Feb. 11
*92-
Joliet &
PRICES
Wednesday
42
100
SALE
Feb. 10
*91
.
144%
$ per share
20%
100
101%
HIGH
*20
No par
Dec
:
*140
Tuesday
.
$ per share
' ■" /;/ ,".
'
18
144%
AND
Feb. »
$ per share
No par
preferred
*140
144%
Monday
"
Feb. 7
common—_12%
2nd preferred series A
100
4%
*140
Saturday
.
600
*60%
LOW
STOCK
com
..
'
2,500
61%
'
1
Inc
18%
4G
45%
*29 %
"
Co
Co
19%
42%
43%.
'
1
—
p
23
23
*60%
1
common
86 %
89
2,300
103%
43,300
Johnson & Johnson
5
coo
11%
55%.
*54
89%
*11%
12
3%%
6
55%'"
*88%
11%
32
Johns Manville
12
104"%
*103%
45%
90
47
3%%
5
.Jail
/Jan
34% Jan
104%'
17.800
44%
11 %
Jewel
Jan; 9
11%
137
*135%
*46
92% Jan 30
41% Jan
89%
12 %
300
16,500
70
*29%
5
145
55%
91%
12
f
135%
3%
26 %
12
83
111
*103%
46
90%
12 %
104%
44%
92%
-12%
135 %
47%
100
3%
26%
•
32
Jacobs
11
*91%
12%
135%
45%
74 %
*68
3%
26 %
11%
Jaeger Machine Co common—No par
Jersey Cent Pwr & Lt 4% pfd__100
10
74
3%
26
*2.9%
3
34% Feb
*68
3%
26%
2,000
32%
2
100 % Feb
74%
*3%
720
3.500
6
24%
12%
Par
2
6
24
135%
92
163%
163%
5%
23%
32
9% Jan
Feb
164
5%
23%
26%
47%
43%
163%
6
26
*70 /
.
*13$% 136
*54
165%
11%
20% Feb
93
7,800
13
6
13
1,600
83
47
Island
44% Jan 30
130
82
80
33%
5
13
130
81%
84
12%
7% Feb
19% Jan
Feb
128%
9,100
*32%
$ per share
Feb
126%
3%
EXCHANGE
92
126%
11%
11%
x47
NEW
40%
3,200
11%
12%
Range since Jan. 1
Highest
Jan
120
3
3
11%
33%
J
6%
•19%
100
700
101%
*100
3%
•
7
41
41
12%
Lowest
$ per share
3,600
*6%
101%
3
15%
15%
6%
*48%
STOCKS
,//.,;
3
15%
40
*32%
preferred
Range for Previous
$ per share
6%
4,000
12%
25
27%
47%
.
2
15%
7
50
36%
_25
1%
24
15%
81,
74
*3%
48
International
■
155
35
Telep & Teleg—No par
Foreign share ctfs,—'
No par
Interstate Dept Stores—
No par
Intertype Corp.™——No par
International Silver common——25
24
21
„No par
*151
36%
36
1.000
43%
49%
28
14% Jan
14% Jan
'■i
Shoe
150%
5%
*53%
.43%
—.
150%
37%
164%
*103%
preferred——
100
International Salt———__._i.jia par
.
124
3
26%
26%
*91%
*12%
par
*122%
*100
6
74 ';
136
124
11%
164
6
26%
3%
47
_No par
Rys of Cent Amer com—No
163%
26%
26%
*135%
121
100
3%
15
1.100
1,400
122%
125%
26%
—100
com
14%
39%
40
84%
76%
*74
21
21
39%
100% 100%
129
84
164%
21
40
—
126%
6%
26%
5
100
International
■
Sep
May
25
1
Int'l Nickel of Canada com—No par
9
Oct
class A
common
International Mining Corp—
5
-
164%
preferred
Mining & Chem
'—
__
84
3,300
1,000
*14%,
43%
■
9%
14%
*6%
12%
9%
39%
41%
v 3
'3
12%
490
9%
14%
15%
7
101
26%
39
* 153
44
*100%
221% 221%
'
96%
25%
15%
x36 %
16
20%
96%
42%
150
38%
*6%
20%
>'
122%
158
16
.'■•
15
9%
97
25%
"25
9%
7
39;
123%
44
12%
83%
20%
42%
38
.
3% '
__
4% : preferred
20
Jan
4
•.
100
186%
May
25%
'
.No par
common—
22% May
Dec
7
12%
No par
Harvester
7%■
16
*3
•
No par
Machine—No par
*95%
26%
9%
21%
<■153
158
37%
15%
.No par
97.
26%
•15%
123 %
123 %
43%
43 %
*100% 101%
100
*95%
•
9%
42
*6%
1
Rubber—
9%
37%
_No par
com/:
9%
*153
20
Inc
preferred
11% Feb
;
100
Copper—
Insuranshares Ctfs
5
4%%
* 121
—No par
Jan'
46
.
No par
Co
Jan
7% Jan
11
125% Feb
Jan
11
11
Feb
l
—
■
'
21 %
—5
•'
27
:
Indianapolis Power & Light—No par
Industria Electrica De Mex, S A__i
11
19
97
27
Illinois Terminal RR Co—
Feb
20
600
<=95%
•
22% Jan
14% Feb
',32
41,000
64%
11% Jan
39
46%
28%
64%
10
Dec
104
1,100
28%
63
11
169
,
33%
28%
62%
9% Feb
July
9
32%
27%
66
20% Feb
17
6
32%
30
64%
Jan
50
163
32%
28%
68%
Dec
Jan
70
32%
30%
30 %
x35% May
'3
33%
V 11%
Dec
12%
32%
30%
<■67
97
stock ctfs series A——_1000
Jan
107
30%
69
Jan
7% May
33%
30%
*67
15
x21
33%
100
93
•
——.20
preferred series A—
*14%
-
■
•
'•- *84
85
'
34%
-;34%
*83%
32
*84
85
31%
34%
'•
85
85 % *
*84
32
-100
.
/r7',600
32%
31%
K
Feb
Kansas
94
16
Dec
108% Mar
29%
May
Dec
91
Jan
7
93%
,
Jan '13
City
3.8%
Power & Lt
—100
23% Feb
11
29%
Jan
2
47% May
13% May
58%. July
Kansas City
49
11
54
Jan
5
18
Nov
15% Jan 22
16% Jan
15
20% May
4% non-cum preferred
Kayser (Julius) & Co__
26%
Feb
21
Feb
11
24% Jan
10
Kelsey Hayes Wheel
.
13%
Jan
Feb
21% Oct
17
Feb
10
21%
41 % May
52%
Jan
42 % Feb
13
49
S9
Apr
49%
Feb
36
Feb
13
21%
r:
Dec
27%
Feb
19
Feb
11
Dec
116%
Feb
96
Feb
11
103
.
11% May
65% Jun
25
40%
Class
2
Kennecott
Jan
31
Jan
8
103% Jan
2
43
,
23
.
Feb
12
Feb
11
13% Jan
Jan
68
Feb
13
75
38%
Oct
29% Feb
11
102% Aug
40
Oct
Jan
45
2
Jan
20
Dec
34
Jan
.
85
91% Jan
May
90
32
Feb
Feb
52%
Oct
41
Feb
B
100
5
15%
class A__1
*23
*18
:
.No par
Co—No par
<.„•
Corp
com—.No par
2nd preferred
conv
26%
*49
1
conv
Copper.-,
Kimberly-Clark
4%
No par
com
Keystone Steel & Wire
95
17
Kinney
2
100
(G R) Co common—i_:
Koppers Co Inc
20
2
14%
14%
14
14
91 %
15
44%
*41
V.
92
93
26%
26
26%
51%
*50
92
*
15%
91%
91%
91%
18%
14%
500
92
14%
44%
41.
42
49
15%
15%
21 %
23
21
21
4
17
43
"
210
20%
20%
20%
99
97
97
243i»
15%
*21 '/8
6,900
50%
15%
21%
.100
.
2,400
500
17%
17
17%
17
17%
1,300
44%
42%
43 %
42%
42%
13,600
*95
37
36
36
19 %
20
39 %
20%
19
19%
96
19%
20%
96
24
*49 '. *
40
%
40
41
:
*89
24%
49
15%
44%
*18
44%.'
23%
50%
15%
24%
*23 %
25%
*49 7
16
18 3
23%
23%
51
15%
(S S)
3
Kress
*6% Jan
13
—10
2
Kroger Co
(S
&
70
13%
*12%
13%
70
*70
70%
*30%
31
96
96
700
2,700
70
97
*94
94
7 94
35
35
Co
,
12
12%
69 '•
68
500
68
*11%
12
68%
110
'•
31
f
34%
No par
49%
49%
x48 %
No par
(The)
70
13
70
*12%
*43%
44%
43%
30
31%
30
29%
30%
94
94
94
94
94
94%
94%
40
34%
31
*93
10
Co
Ht
*12%
ser__100
common.
Cumulative preferred 4%
Kresge
Feb
60
1
$5 prior preferred——No par
2
Jan
38% Jan
45% Feb 13
Apr
Jan
34% Jan
5
59
Southern
92
'
13
Jun
;
*14%
15
Co—
preferred
34
34%
32%
33%
32
32%
3.900
1.100
48%
*47
49
'
41%
43%
29%
46%
46%
45%
46
43
41%
41%
41
2,200
41%
■
1,500
'
'
1
4% May
Dec
10
4.9%
Dec
Feb
7
9
20%
14
Jan
44
-
Jan
14% Feb
May
56
Jun
Feb
4% Feb
9
11
5% Jan
Laclede
17
47% Jan 27
48
Jan
30
39% Feb
11
44
Jan
16
24
Jan
24
26% Jan
2
101
9% May
.30% Jun.
Apr
12%
95% Jan
31
98% Feb
Feb
10
Feb
11
10% Jan
11
37% Jan
4% May
Feb
4% Feb
11
6% Jan
Feb
1% Jan
2
Jan
30
19% Jan
6
9%
Feb
5% Jan
19
38 % May
50%
Feb
42% Feb
5
49 % Jan
5
10%
24
Jan
10% Feb
13
.11% Jan
.5
see
page 24
*45%
48
.*45%'
48
*44%
48
48
*44%
*41
43
40%
40%
*39%
40%
39%
39%
*39%
24%
24%
24%
24%
*23%
25
*23%
98
*97%
99
50
& Tire
5
'■&, Sons
cumulative
Co
com^
preferred
Lehigh Valley RR
Lehigh Valley Coal com
Non-cumulative
25%
Dec
11
3-
100
50
I
1~
24%
*98
23% Jan
31
$3
non-cum
1st
preferred
50
preferred—No
par
47</8
99
10%
10%
33%
5%
22%
40
22%
-
•,
-
*9
9%
9%
21%
•'
Xl0%
24
.
9
r
10%
•
10%
10%
*44%
10%
10%
.10%
•10%
10
33%
33%
32%
33%
31%
2%
4%
5
*21%
30
7
2
*30
5
A
22%
21%
*30
6 V*
43%
44
21
21%
6%
4%
2
2%
40
*
7.400
' 10
A 200
V 2.400
•
22 %
9%
!
2
•
21%
97%
5
*8%
22%
v
*25
'
9
21%
22
99
2%
*25
.
*98
5%
2%
*.9
33%
'
14% May
5% Jun
For footnotes
*10%
Lehigh Coal & Navigation Co—10
Lehigh Portland Cement-.——
25
9
3%
35% Mar
Feb
11
common.
preferred—
(James)
.3.85%
.9
8%
1% May
35% Mar
4%%
5J
31% Feb
Bryant
Lee Rubber
Lees
4
44% Jan
*10%
31
Feb
Dec
—No par
11% Jan
Co
4%
4%
22
13
Feb
4%
•21%
9% Feb
56%
4%
4%
10%
21%
La Consolid 6%
Lambert
30%
4%
4%
*9%
21%
9
9
Lane
V- 5
4%
4
pfd—75 Pesos Mex
(The)— ___i.__.No par
10% Jan
22% Jan
May
95
Light Co
11
28
21 % May
38
Gas
Feb
21% Jan
10
1.600
48
'"'/-i—
300
40
_-
24
■
97 %
10
10%
32%
32
32
4%
2%
40
21V
9.100
:v:-.l,100
4% v! 4%
2
2%
*30
21
r
,1'
800
50
99
10%
....
3.500
•
,6,600
!„
40
.
8co
-
21%
•
.
7% Jan 31
50c non-cum 2nd
Lehman
Lehn
Corp
& Fink
pfd—
(The)
Prod
No par1
Corp
5
*6%
44
*10%
6%
6%
45
44
10%
*
45
10 %
10%
*10 %'
10%
*6%
6%
•
1,100
6%
6%
■
6%
43 %
43%
43
43%
1,500
*10%
10%
10%
10%
200
Volume 167 Number 4673
THE
COMMERCIAL
&
NEW YORK
Range lor Previous
25
Feb
16'/a Feb
6
19'A Jan
Feb
47% Feb
11
56% Jan
8% Feb
13
*'9% Jan
9
Oct
32% Feb
11
38% Jan
2
Dec
391%
10
Aug
Dec
Apr
24'A Aug
19% May
78%
Jan
'
29
Lily Tulip Cup Corp-
^Lima-Hamilton Corp
Jan
13
Dec
28'A Feb
11
19% Feb
13
33% Jan, 12
23% Jan
9
Feb
79
13
83
Link
Jan
Belt
Lion
Oil
20
12% May
17% Apr
Feb
13 Va Jan
2
27
Feb
15% Jan
22
18% Jan
2
Loew's
79%
Feb
60
Feb
11
68'A Jan
5
Lone
Feb
11
18% Jan
14
23'A
Oct
21%
Dec
Jan
172
•
21
Jan
141
Jan
16% Jan
29
5
Corp.
Long Bell Lumber A_.
19'A Jan
5
Lorillard
Jan
27
7%
<P)
Co
preferred
21 %
Dec
29%
Jan
21'/a Feb
11
23% Jan
14
Louisville
Gas
39%
Dec
53
Feb
40% Feb
11
44% Jan
8
Louisville
A
29%
Oct
20
Feb
11
25% Jan
9
Lowenstein
101% Aug
94
Jan
30
96% Jan
15
19% Feb
11
24% Jan
8
17% May
93
Dec
13% May
26'A
Oct
9
9%
8 Va
33 Va
32%
87
88
86%
86
86
166%
*167
17q
4
%%
..
166%
39
9%
3a
9%
9%
59
21
29%
*79%
14%
15%
17%
17
&
61%
61 %
V8
22%
18%
18%
—100
*146
A_ _No par
Electric
*22
Nashville
'
41%
22%
cum
pfd
Co
series
A—
100
*92
10
95
22 %
LINCOLN'S
BIRTHDAY
700
86
85
167 %
1,200
167%
40
%
*38
9
56%
56%
*55%
a
30%
20%
81%
GOO
28%
28%
28%
19%
29%
7,200
20%
19%
20%
79%
1,700
79%
79
13%
16%
80
14%
13%
14%
13%
17%
16%
14%
17
16%
17
;
38%
38
9
38
200
'
Va
9
9'/a
56 3
5,900
300
6,200
15,400
61%
61
62%
60
60%
22%
21%
22
60'A
21
CO'A
1,500
21%
18%
18%
18%
18%
21%
18%
21%
18%
1,800
147%
147%
18%'
18%
147%
146%
2.200
147%
22%
21 Va
22
41%
22'/a
40%
41%
*146
.
*22
41%
22%
84'A
167%
32%
22%
22%
50
32 %
12,900
61 %
.
147%
& Sons Inc com—1
(M)
2.500
8%
9%
17%
22
2,200
83A
*79%
81%
14%
10
9
84
Shares
17
48
33%
167%
JO
x20%
81%
No par
16Va
48
28%
21
171/a
_No par
Sper share
Va
for
58%
30%
21
s
the Week
8%
59
14%
-
Sales
Feb. IX
57%
9%
59
30
*20%
*08
JO
1
.
,
—,
Steel
Lukens
166%
166%
*38,
*79 Va
common
16
Friday
$ per share
48%
33
_No par
25'A Jan
149
6
16%
47%
..
9%
29%
...
17%
48%
'
..—100
Cement
16%
48
v
*86
com— .N6 par
Aircraft Corp„___
Inc
Star
17%
49%
9
$ per share
34%
Co A.—
Lockheed
17 Va
48%
$ per share
Thursday
Feb. 12
Feb.11
*34
59
.
22%
42
22%
V;
*92
22%
*22
42
23
40%
21%
95
22%
*92
22%
20
95
20'A
400
41%
20%
2,700
20 Va
*92
20'/a
110
22
40%
95
19%
147'/2
*21%
20%
*92
22
*145
3,700
•"/
95
19%
20%
'V
'
-r
3,600
m ;
34
Mar
41
Nov
36
Jan
27
40
Jan
134
Nov
152
Apr
142
142
Feb
99%
Dec
Feb
13
60
Oct
43% Feb
11
41%
41% May
30% May
Jan
31
111
Mar
Feb
100
MacAndrews. & Forbes
6%
52% Jan
10
36% Jan
2
101% Jan
Jan
11 %
16%
May
15%. Feb
11 Va Feb
5
21% Mar
17'/a Feb
4
18%
9% Feb
11
455
Jun
6
500
May
9'A
Aug
Dec
12%
Dec
14%
Dec
32%
3 %
Jan
9
8%
Feb
May
May
14% May
39 % May
Feb
34
7
10
7% Jan
8
15 V4 Jan
6
16% Jan
23
13
26% Jan
6'
6
102% Feb
33%
31
2
18% Jan
19
104
*100
12%
12%
13
13
17%
17%
17 Va
17%
10%
17%
9%
10%
9%
9%
—No par
Bros.
Market
Oil
St
%
:
prior
Co
&
pfd
Co
100
16
18% July
Masonite
26%
Nov
24
13
24% May
35%
190
Jan
49%
Feb
39 % May
88
Dec
85
106
7% May
Jun
42 % Feb
28
69
% Jan
6
89 % Jan
12
11
85,
Jan
13
9% Feb
11
10% Jan
5
50
Jan
41% Feb
10
113
Jan
110% Feb
10
43% Jan
112
$3
9
Co
53%
*53%
53%
49%
47%
48
*20%
21%
20%
20%
201/4
20
'A
20%
20%
*30
31
29%
30
21
28 "if-
29 Va
27'A
27%
28%
100
,
*175
:
McCall
46
Dec
56%"
3o%" May
87
'
44
Dec
105%
17% May
21% Dec
25%
;
16% May
88%
Jun
50
34% Jan
12
93% Jan
26
18% Feb
Feb
11
21% Jan
24% Jan
20
94
Jan
Jan
41% Jan
12
24
Jan
5
52% Feb
10
57 % Jan
6
12% Jan
28
14% Jan
2
Jan
43 Va Jan
,
Jan,
13
44% Feb
48% Jan
11
88
103 % Mar
4%
10
18'% Jan
Jan
1
4%%
10
Jan
53
5%
21
Jan
Merch
9
90% Jan
1st
27
&
47%
Inc
$3.50
111% Aug
Metropolitan
Edison
Year 1947
Range since Jan. 1
Highest
$ per share
12% Mav
1R% Ma
33
Apr
2974 May
136%
Lowest
$ per share
r
13
Feb
Dec
38% Feb
36% Feb
10% May
6% May
13
Mar
15%
47% May
Dec
129Va Feb
Nov
14%
Feb
13
Jan
Va Jan
5
70%
Dec
57
Feb
10
102'/a
Dec
99
Jan
2
Jan
123
28% Mar
3% May
11% Feb
11
11
15% Jah
Feb
11
118% Jan
53% Jan
2
8
Feb
Feb
10
5% Jan
5
11% May
25%
Feb
13% Feb
11
17% Jan
2
32% May
51%
Jan
36
Feb
11
44
Jan
-9
Feb
It
11
Jan
5
24% Jan
29
27
Jan
12
8
1
4
May
Sep
13%
Feb
23%
32
Feb'v"
49 Vu
May
63%
Feb
110% May
128%
Feb
64%
Feb
49
May
15%
24
Dec
May
.
49% Feb
102-
May
27%
,19% May
17% May
•10
10
115
Jan
16
11
54
Va, Jan
9
15% Jan
5
9
Morrell
vlt%
Jan
23
20% Jan
22
25 % Feb
2
19% Feb
Oct
6
20 Va Jail
2
17% Feb
27% Oct;.
19% Feb
107% Mar..,, :'1.02
Feb
;15%
';.12.
Feb
40% Feb
34%'Feb
'
Apr
May
'
35'
Apr
107%
Dec
-
112
\
Jan
.107% Jan
*
•9%
Dec
37%
Jan
50%
Jun
Dec-/
.
Jan
13
Feb
13% Feb
10
10
ll
„
14% Jan
13
37
Jan
2
,111
17
21
Jan
11
,
.
Mullins
5
Jan
2
42% Jan
16
5
Myers-/
14
19
May
•
21
May
May
8%
Dec
9% May
10% May
19 % -Feb
29%
.30
.
16%
14
21.
:
■
Feb
.16 %
34
Dec
Jan
,34% Feb
21%
Jun
8%-May
26%
.738 Feb
6
11
Feb
10% Jan
5
13% Jan
16
35
10
30% Jan
.164% Feb
10
Feb
6% Feb
11
33'A.Feb
10
Feb /
Dec
Dec
147/8
Jan
7% Feb
13
15%
Oc t
11% Feb
13
page 24
17%
17%
17%
1,800
*89%
90
*89%
90
89%
*88
39%
89
*37
39%
*36
38
21%
*36
38
'21%
21
21%
21
21
89
20%
20
_
21
3,200
16%
14%
15%
14%
15
14 Va
15
52%
53
54
54
55
55
13%
12%
13%
12%
13%
48%
*48%
49
13%
48%
13%
48%
2,100
48'A
48%
48 Va
48%
1,400
46 %
47
2,100
48%
38
96 '/a
49
46
48%
89
89
89
19%
18
18%
38
19%
49
89
91
%
38
37
*96
97
96
*18%
Monday
44%
45%
*89 -
91
*89
17%
17%
38
*36%
37%
*36%
96
*96
97
*96
,,
2,300
120
91
17%
14
41
HIGH
SALE
Tuesday
Feb. 1>
200
17%
1,100
38
600
97
40
$ per share
Feb. 11
$ per share
14%
13%
14%
13
13%
13%
39
4,600
40%
38'A
39'A
39'/a
39 Va
39
37%
3,300
37%
37
37
*129%
37
132
36 %
129%
LINCOLN'S
*129%
132
180
BIRTHDAY
13
13
1,800
11
11 Va
2,500
13%
*13%
13%,
13
132
-•
129%
13%
13
12'A
10%
12
49
47%
50
92%
91%
92
58%
57
57%
92
*92
59
58%
*101%
13 %
116
102
13%
116
*101%
12%
13%
43%
46%
15V2
15%
15%
*37V2
38
38
9%
9%
9%
26 V2
25%
25%
52%
52%
50
9
36
50%
51%
49%
49%
14 Va
14%
13%
*25%
25%
*25%
25%.
12%
12%
12%
11%
12%
25%
24%;
25%
23%
24
*105
13
.
*36 Va
*110
'■
20
20 Va
20%
18'A
18%
17%
22%
22%
20%
00
13
36%
111
*105
106
*12%
13
36
*110
*103%
111
;
'
*14%
14%
*40V2
41%
*41
43
511/4
511/4
*50%
'
51%
13%:
5,000
4Va
2,900
14
Va
14%
10.200
36%
36%
36%
9%
25% '
26
1,200
9
9
Va
1,000
26 '/a
I
8,200
50
50%
*100
103%
49%
49
50%
13%
13%
13 Va
2>/2
*25%
26 Va
600
100
15,000
5
3,400
300
12
12%
12%
1,700
23%
23%
23%
3,600
20
20
20%
2,800
18
18
17%
17%
800
21%
20%
20%
5,800
103%
12%
110
44%
4
50%
19%
103%
35%
14%
44
4'A
14%
19%
.
105 Va
12%
10
14%
20%
x35'/e
36%
43%
11%
17%
22%
;
150
23
Va
18%
106
13,700
103'/a
*100
12%
50
com.
102
24%
20
40
12'A
115%
25%
14
25%
20
11 Va
*114
48%
51%
14%
25%
22
12%
800
101%
13%
51%
14%
No par
*17%
V.
25%
52%
com__—5
102
101%
115
9
25%
50 %
108
102
4
Va
*104%
*104%
2,100
13%'
A—No par
107
740
58
42%
38
9%
25
92
58
11%
15
37
*91/4
*25%
47%
91%
58
115
4%
13%
47%
91%
57%
115%
4
600
49
•102
115%
47'/a
11
13 Va
91
102
14
47
38
10%
116
15%
47
129'/a
13%
*47
102
B_I—1
for
Shares
41
132
57%
_T
the Wegk
13
14%
12%
52
Sales
Feb
40%
49
13%
Friday
$ per share
*37%
12'A
116
$ per share
%
50%
91%
Thursday
Feb. 12
$ per share
39'/a
*101%
.
PRICES
Wednesday
Feb. 10
4%
Jan
St
—5
169
23%
::
9
5 •:
Jan
19
Jan
12
26 V2
12
110
12
35
;
35%
109%
14%
13 a;
102
102
40
*iiy2
110
12%
500
34%
34%
2,200
109
109
13%
13
41%
*40 ■)
40%
*40
41%
50%
50%
*50 Va
51%
320
13%
*40'/a
7%
7%
Automotive- Fibres
—1
Inc. —1
Aviation Corp__
—5,
National Battery Co
—4
Biscuit Co common—. _10
National
preferred—i——_
Share
Jan
5
National
Can
41% Jan
5
National
Cash
7
Nat
2
National
9
Jan
13% Jan
>
—
Register.':
City Lines Inc
Container
15%
21%
22%
1
25
25%
ft: - 25
'*9%
I2V2
91/2
12%
50'/«
6,900
50 Va
400
9%
7%
'•»
8'%'
7%
9%
12%
12%
11%
12
33
*31%
32%
31
26%
27
27%
27%
165
'165
27
27%
par
*21%
22%
*21%
*7%
8 Va
7%
35'A
35'A
35%
12%
12% i
—1
168
8'A
22%
•
164%
21
7%
7'/a
35%
33%
8 Va
8 Va
12%
12%
22
f
A'
i!
31%
*162%
1
15%
>
15%
15%
15%
14,200
22%
22
22
25
24%
24%
1,000
8%
8,700
8%
2.800
170
'
8Va
9%
16'/a
*31%
100
No par
;
Co.,—
7%
_10
Corp—No
Corp
23
•
National
&
16%
23
26%
*25%
National
Bond
16%
23%
*25%
Airlines_k—
Nat
161/4
22%
—1
National
7%
16%
Louis——. 100
—
10
13%
see
29
13
43%
For footnotes
16%
4%
Corp—
Nashville Chatt &
9% Jan
10
21
600
4%
National -Acme
Feb
;
Nash-Kelvinator
9
5
Jan
26% Feb
31"
Dec
7%
.
.11% Feb; ii
'
Jun
2
25% Jan
29
9
May
33
13
187
.
Feb
•8%JFeb
Feb
Jan
27
Dec
17% Jan
24% Feb' 13
24
165
11
Feb
Jan .;
Jan.
19%
17%
-171/2
N
15% Feb
:
18%
50
(F;i!):Ae;)Brbs^4i„-^iNo'|»r;;
,V'v;,;
700
18
Co_—No par
Murray Corp of America
4%
preferred—
■
—
19
19%
*4%
Munsingwear Inc.
:
,-5Murphy Co {GO .common—_—i
4%%. preferred—-^—•——100',
.
■'
18%
20
,46V2
L.'—
Co .class
'
18%
19%
—1.25
(John J, & Co
Mfg
'
19%
12%
%k';$7v.'P!r{n©Te(d—Uu^klAk^-4--No;phr;;:
37
55 Va Jan
44% Feb\V 41% Jan 29
56;. Jan.' "50 %. Jan 23
.
*10%
1,200
'
54%
*13%
■
Corp———No par
Corp—1—I—„—5
Mueller Brass Co—.
—kAllV;
5
Jah
108 i ;
&
2,000
91%
13%
*130
; Motor Products
Motor "Wheel
9
25% Jail
13
series
Ward
Motorola Inc
2
19% Jan
11
preferred
48
•33%
*90
21
—20
Moore-McCormack Lines
27
$3.25
48
33
92
*381/4
14%
Monsanto Chemical Co com____5
Montgomery
48
33%
21
No par
Tool
Feb
-
13% Jan 21
FefrlV
25'V Mar:"
14%" May'
2
Machine
47
33%
*90
21%
100
com
Mojud. Hosiery Co'Inc-—
Monarch
Va
93
19
10
—
preferred series A
Mohawk Carpet Mills
!
v
47
34%
140
19%
No par
—
RR
1,100
25
*52%
*37%
No par
7%
5
61% Jan
725% Feb 11
27%,
102%
11
Mo-Kan-Texas
200
25
24%
21%
41
10
Regul com—
3
pfd series A
_100
48% Feb
.
,
17% Dec
27% Dec*
:j4%. Nov.;
■
9% May
17
;
Petroleum
Corp—
38
'90%
$ per share
par
Mission
47
LOW AND
$4 preferred —————k—No
par
Minn Moline Power
Impl com
1
$6.50 preferred—-k
No
7
11
115
Oct
91%
*36 %
19%
Feb. 7
Minn Min & Mfg—
9
3,400
25%
*91'A
37
*16 Va
*95'%
5
conv
18%
Saturday
Copper
3.20%
5
26
25%
91%
13%
38
Minn-Honeywell
5
Feb
900
16'A
STOCK
5
Feb
30
34
54V2
48%
——
Jan
112
*33 Vi
9
2
94
200
*110%
33%
24%
33%
:,
Mid-Continent
70
1,200
*48%
pfd_100
Midland Steel Prod com——No par
8%
cum
1st pfd
100
Minneap & St Louis Ry
No par
Minn fit P & SS. M A vtc„_No
par
102.
80
9%
42
:>
13%
*88
2
42% Feb
Oct
56%
Miami
2
9%
*40%
*36
25
*90
83
53
*18
9
2
Apr
104
Jail
80
*81%
*16
No par
Jan
54% Jan
Dec
21%
No par
3.90%
70
86
40'A
*38
.1
15% Jan
22
51 %
'
*89%
2,700
86 Va
85
21%
21
*18 Va
137% Jan
11
99
Dec
21
41
13
47% Feb
88
•
10
Par
2
Feb
15
a
46% Jan
13% Jan
Jan
May
19%
*
11
66%
7
*19
EXCHANGE
10% Feb
114%
84%
16
11
Nov
156
YORK
47%
34
par
37%
85'A
*91'A
38
24%
93
S per share
11
48%
45 %
Jun
NEW
Highest
*47
34
5
STOCKS
Lowest
*36V2
25%
*90
Merritt-Chapman & Scott
8
47%
25%
34%.
Mesta Machine Co—
Jan
91%
38
93
Transp. Co.—No par
9
101
91%
91l/2
*90
Inc—__3%
5
6
25
*46%
preferred———50
22% Jan
Range for Previous
$ per share
5
37%
42
32%
'
k—_5Q
41% Jan
Feb
33%
26
100
13
94
33
25%
*34
preferred—
cum
33%
26%
—1
10
Feb
32%
26%
1,100
1,300
9%
*40%
33%
No par
'Merck- & Co' Inc' common
.
2,800
21 Va
28%
178
*175
'110% 110%
26%
com—18
Co
Co
110%
*32%
38
37
Jan
41%
112
91 Va
17% Feb
35% May
97% Dec
41%
39
Stores
MIn
41%
110%
10Va
*110%
91%
preferred-.-.
conv
41%
41%
112
84
*9%
*26
Melville Shoe Corp—
—1
Mengel Co (The) common—A1
Mercantile
*41 %
48
'
81%
9%
*82%
26
preferred—-
2nd
X81%
9%
10,
26
Robbins
Stores
82%
9%
2,700
85
82%
6,400
16
47%
87
x85 ;
*38
Mc-Quay Norris .Mfg Cdk—
Mead Corp common-.:
No
19
13
19%
v
v
5
28
47%
Feb
McLellan
*85
87
60
15%
16
37%
87
*86
*91
Porcupine Mines—"—
Ac
x37%
*86
—1
preferred—————
39
38%
87
350
3,700
•
15
.
178
87
—100
.
*175
87
Co—AkA-k-No par
_
14% Feb .11
41
65%
12
20% Feb
,,
$4
7
39% Jan
35% Jan
73
Mclntyre
McKesson
5
5
.24% Jan*.
Mar
10
Jan
preferred
conv
McGraw Electric Co
Jail
Jan
May
55% May
13% May
43 % May
83
Dec
"43
23
—_-No par
McGraw-Hill Fub
i
33
Feb
3.%%
15
12
87
'1
Feb!
,t-
29
42% Jan
28% Jan
..19% Feb 11
23% Oct;;; ,.(16% Feb 11
105% Feb»'
89
Feb 11
May
16
91% Jan
9
31% Feb:
40%, Dec
20
Feb;:,
f*
5
11
Corp
39%
178
*86
82%
112
McCrory Stores' Corp corn——1
39
*175
86
*9%
preferred.;—k—_k—.iNopar..-
178
53
87
86
82%
$6,1 st cutnpfd——i—_.—'N<v par
12
*175
39%
*85%
'
.—No par;
common
178
39%
14
Jan
101
1
:
41% Jan
Feb
*100
15%
28% Jan
24% Feb
"45 :• Jail
ioi
*99
16%
6
88
100
15%
11
38
15%
22 Va
15
Feb
V
15'A
22%
17
Feb
37
15%
23%
16'/4
32
107% Feb:
45% Oct
15%
22%
15%
com—No par
200
6%
15%
24%
100
15%
25
Dec
6%
15%
23%
99%
17%
Feb
May
3,100
15,100
16%
33%
Mar
20'A
6%
Va
24
24
6,800
17%
Jan
35
1-6 Va
24%
99%
100
6%
19%
20
6%
.
6%
6%
19%
7
2,100
8%
20'/a
16
48%
May
*151/2
*24
20
6%
8
8%
20 Va
*
16 Va
35% May
82
20
7
5%
1,000
*7%
22
17%
-
21
Jan
20%
6%
500
9'/a
530
17%
$3.75 preferred
No par
$3.75 cum pfd 1947 series—No par
$3.40 cum pfd,
L-i
.-No par
Maytag Co
5%
9
3.300
17'A
*450
7%
*8%
*20
13 %
V2
16
preferred
k—
May Dept Stores .commoh-—
16
Feb
6%
530
7%
9
22
9
101%
53 %
7%
3
84
Electric
16 Va
24%
*450
8
9
x22
6%
100%
7%
9
20
6%
*100
530
25
6%
20
*450
8
8
*8%
104
No par
Corp__
Mathieson Alkali Wks
26
13
14% Nov
108% Mar
Master
9
Jan
XSlVa Feb
97 Va Mar
42
Jan;
85 % Jan
Aug
Dec
v
37% Feb
Feb
100 %
Dec
82
Jan
33
*99%
1
—
Martin-Parry Corp—
12
176
*15%
*24
550
f 22
6%
*100
.—No par
19% Jan
10
6%
.100
k
L)
*19%
No par
com
7%
6%
—5
Corp
60% Jan
11
1
10%
*480
9%
24%
6.25
Ry 6%
(Glenn
7%
*22
104
*100
11
550
*8%
5
preferred
Martin
*10%
*480
—1
-
Exploration
Marshall Field
4 %
1
—50
_'
Shirt-
10
12
1,900
xl2'/a
11
Jan
32
12%
15% Feb
20% Feb
31%
17%
103
30
3,300
17%
47% Feb
27'A Feb
31%
*
45%
12%
Oct
175
31
200
142
45 'A
12%
Jan
Nov
32%
37
142
45
17%
24%
Dec
*35%
142
43%
*17
63%
175
*32%
*140
46%
*12
2
14'/a Jan
33Va
No par
com
37
36%
142.
—10
Marathon Corp
Marine Midland
22% Feb
Jan
33
38
44
-No par
Manhattan
14
Jan
47%
*100
Maracaibo
23 % Jan
*37
*140
47%
*140
_____100
27
6
97
Inc
7% Jan
6% Feb
111% Julv
14
10
Jan
19% Feb
Dec
34%
Dec
13
26
10
38
142
47
Man del
2
9% Jan
13
Feb
*36%
142
47
—
Jan
9 Va Jan
11
5% Feb
Feb
16 %
Feb"
8% Feb
x22
-
Dec
.
27%
22'/8 May
97%
Feb
Feb
7
19% May
6% May
7%
Co
37
*140
;
pfd series A___
Madison Square GardenMagma Copper--,
Magnavox Co (The
Mahoning Coal RR Co
Manati Sugar CO——
"
Jan
22%
12
(R H)
*35 %
100
_k—No par
4%%
13% Jan
Dec
Macy
13% Feb
Apr
10%
—10
com
preferred
Mack Trucks Inc
19
PRICES
Wednesday
35
Co—
Liquid Carbonic Corp
3%*& preferred.:
9
■v.:
9%
SALE
*33%
——i —-—5
66
Jan
Dec
17
HIGH
Feb. 10
$ per share
49
9
-No par
35%
Feb
Corp..
10% Jan '-5
10
11
16%
49
'
5
Savers
Liggett & Myers Tobacco com
25
7% preferred
i
—.100
.
2
Jan
7
AND
Tuesday
Feb. 9
$ per share
Lerner Stores Corp.
——. .No par
Libbey Owens Ford Glass
-No par
Life
'
Monday
Feb. 7
Libby McNeill & Libbyk
8
30 Va
58 Vg May
137%
41
13
8% Feb
•
173% Jan
5
Jan
56 Va Feb
Dec
91
11
12
107%
'
Dec
10% May;
18%
38
12% Oct
63
Feb
165% Feb
July
X48
33% May
84
Jan
Saturday
Par
5
Apr
96%
LOW
STOCK
$ per share
40%
May
47
$ per share.
YORK
(759)
STOCK RECORD
EXCHANGE
59 Va
29% Mar
109
NEW
Highest
11
May
78
V: Lowest
$ per share
17
May
46% May
8
Range since Jan. 1
Highest
$ per share
CHRONICLE
STOCKS
Year 1947
Lowest
FINANCIAL
8
11%
165
21%
7%
35
H
7%
-8%
■;,
8Va
8
8%
-
11%
11%
11%
*30
f
11%
8
31 Va
*29%
31 Va
27
27%
26%
27
*163%
167
*21%
22
*163%
21
6%
33'A
8'/a
7%
12%
xli%
167
21
7
Va
7
34
34 '/a
300
700
500
7%
33%
1,400
5,300
7Va
12
3.600
■
7%
11% "11% T
3,400
2,800
14.400
20
X'XX/THE
(760)
NEW
Range for Previous
Range since Jan. 1
Highest
Highest
t per share
$ per share
$ per share
NEW
Lowest
13 x/\
May
26%
Dec
-
$ per
share
U
Feb
U
13% Jan
2
National
Feb
13
29
Jan
2
National
Cylinder Gas Co
Dairy Products
Jan
15
Feb
13
17% Jan
2
National
Dept
5
National
Distillers
23%
Oct
18% Feb
11
21% Jan
48%
Dec
37% Feb
11
43
25%
Jan
25% May
15%
Feb
Feb
11
Feb
90
7
Jan
12
19% Jan
95
Nat Enam
36%
Dec
29% Jan
23
35 % Jan
$4.50
2
190%
Sep
163% Feb
11
172% Jan
14
Dec
167
Jan
136
Jan
2
Apr
7
Feb
10
6% Jan
15% Dec
8%
28
Jan
140
15% Feb
11
Jan
% Feb
11
95
Nov
81% Feb
10
28%
Jan
22
22
25% Jan
23%
Dec
18% Feb
10
Sep
87
Feb
11
x22
Feb
11
1%
II Dec
74% May
21% May
12% May
Mar
••
100
Jan
Lead
Co
7%
preferred
6%
preferred
National
2
Linen
&
B
18% Feb
2
Nat
Jan
2
Natl
5
National
5
National
23'A Jan
2
National Supply
94
Jan
2
25% Jan
30
National
Natl
1
Mai
Cast
Stl
Power
12% Jan
6
13% Jan
19
11
Deo
13%
Jun
11% Jan
14
ll7/a Jan
7
Natomas
18% May
13% May
24%
Feb
16
Feb
11
19% Jan
6
Nehi
8
13% Feb
28%
Nov
38
Dec
106
Mar
13
10
Nov
Feb
87
Jan
13
104
preferred
20
18%
20%
18%
19%
90
89
89
87
88
*86
88
80
22%
22%
*22%
23%
22%
22%
22%
*22
23
1,000
*12%
13
12%
26
Oct
20% Feb
11
22% Jan
Newport News Ship & Dry Dock
46%
Feb
36
Feb
5
41% Jan
New
22%
Feb
12% Feb
11
15% Jan
New York Central--...-.-.
50
Dec
39
Feb
10
51% Jan
N Y Chic & St Louis Co
Dec
121
Feb
11
136% Jan
11%
29
28%
93
11%
28%
87
17,400
94
11%
•90
42
42
40%
22%
22%
21
90
90
♦88%
92
11%
11%
94
150
4,700
11%
94
*90
39
39%
38
38%
2,100
21
90'
21
20%
21'A
2,100
90
90
90
60
21%
13%
20%
21%
x20%
21%
20%
20%
20%
20%
3,700
38
21%
♦36%
;
•88%
500
28%
88
*88
22
88%
28%
87%
11%
•90
41%
22%
-
28%
*86
94 X
42%
14
104
*100
104
,28%
90
11%
11%
•90
*100
37
37%
x36 %
36%
36
36%
36%
37
2,000
13
27,900
40
3,700
13%
13%
13%
12%
12%
13
12%
13%
com—100
41%
41%
100
♦123%
124%
No par
♦13%
14
•13%
13%
York
No par
♦17%
21%
♦17%
20
♦17
20
•16%
20
*16
20
__No par
•46
51%
•46
51%
•45
51%
*45
50
♦46
50
50
♦180
200
200
'170
220
New
$5
9
•90
*13%
14
•13%
104
City Omnibus Corp
Y
Jan
19
preferred series A
6%
220
x22
14
•13%
♦100
22%
l
No par
•28%
94
No par
Brake
14%
42%
*;"■
100
137
19
1
104
93%
11%
—
1
♦13%
•100
29%
♦28%
♦90
Jun
Air
104
•90
preferred
York
14%
♦13%
♦100
pfd—100
10
Jersey Pr & Lt Co 4%
4%%
17
100
20
17%
22
Jan
300
19%
19%
89
(J J) common__No par
Jan
200
7,200
1,600
5
Feb
2,200
23
20
1
87% Feb
290
*22%
90%
serial preferred—100
conv
Feb
Nov
23
1,500
Dec
230.
23
16
X87%
19
82%
23
2,200
%
83
19%
Newport Industries common
Jan
%
15%
84
15%
15%
%
,i
81%
16
Newmont Mining Corp
50
,
16%
9
19
u
83
*22
23
15%
16%
%
16
12
49% Jan
*22%
15%
81%
4,400
17
24% Jan
Jan
.
if
84%
7
16%
46% Jan
62%
%
.
83%
23%
*22%
16%
16%
•
50
137%
7
7
17%
13
Dec
If
■v
7
70
137%
138
*136
7%
7,200
17
13
52
138
X 7
70
31
165
*164
17
Feb
12
•136
7% ■VV 7%
30%
30%
163 »A
No par
20% Feb
Jan
137
136
29%
163%
30%
6,500
Corp__
38
21
165
500
16
91
*89
1,000
Feb
12
165
84%
.
30%
165
15%
16%
91
*89
11%
Dec
Jan
%
15%
16%
92
.31
16%
16%
16
*90
31
7%
*7%
84
17
90%
*163%
31
30%
.X:-
17
90%
.
12%
32%
21
38%
17
90%
11%
44%
Aug
41
12%
3%%.
26
17,600
38
11%
New
Apr
19%
*35%
13
New England Elec System
19
18%
BIRTHDAY
12%
8
N
LINCOLN'S
11%
6
15% Jan
19
38
11%
12% Jan
13
18%
37%
12%
94
12% Feb
19%
X
38%
11%
4
Feb
19
X
11%
93% Feb
20%
19%
38%
11%
Dec
May
18% May
May
11% May
19%
38%
11%
May
12
2,400
19%
7,400
13
22%
80
15%
♦12%
35 Va
32% May
15
*11%
11% Feb 11
90
15%
1
Dec
102
15%
-No par
Dec
'
15 %
90%
Fibre Co
11%
Jan
,15%
.
Co
Newberry Co
12
98% Jan
10
15%
11%
10
95%
108% Jan
15%
No par
Co
Vulcanized
4%%
24
31% Jan
24
28% Feb
Feb
98
14% Jan
4
Jan
104
15%
139
Neisner Bros Inc common
Feb
25%
11%
11%
10
Feb
July
x25
♦137
Pa com
Jan
18%
26%
v
100
(The)
17%
107
'
No par
29%
Feb
25%
16%
25
20% May
12% Dec
105
11
90
No par
Co
preieirea
Tea
12
27
165
Corp
Sugar Ref Co
4V2%-
11%
26%
♦38%
1
ex-dist
Lt
&
Steel
3,100
12
165
Corp
Shares
$ per share
$ per share
-:'27:v
100
*
Service
91% Jan
10
the Week
$ per share
,
11%
100
_
Sales for
Feb, 13
19%
No par
common
A_
Friday
Feb. 12
♦15%
No par
1
preferred
Thursday
Feb .11
$ per share
$ per share
PRICES
Wednesday
26%
No par
Prod
SALE
10
.
12%
26%
5
Stamping
conv
National
14
Jan
7% Feb
&
Feb
27
*12
i
Stores
HIGH
Tuesday X
Feb. 9
% per share
No par
National Gypsum Co com
5
13
J an
Dec
88
''X/.vXXX Par
A
x25
17% May
136
;',V
AND
LOW
Feb
107
Monday
Feb. 7
20%
Dec
RECORD
Saturday
STOCK
Jan
30 Va May
165
YORK
17%
14% May
STOCK
EXCHANGE
3tt
14% May
96
YORK
STOCKS
Year 1947
Lowest
Monday, February 16, 1948
COMMERCIAL & FINANCIAL CHRONICLE
Dock
common
preferred
non-cum
N Y & Harlem RR Co
220
42%
43
•180
39
41%
123
125%
121
13%
13
13%
220
♦150
210
39%
39%
39
127
127
123
122
12%
13%
1.5C0
123
700
13
"
10
N Y New Hav & Hart RR Co-
15%
Nov
25%
25
13
Jan
20 % Feb
Mar
86% Jan
6
91% Feb
5
Sep
14% Feb
11
17% Jan
8
N Y
series A
5%
_100
N Y Power
16
Dec
10% May
Sep
107
84%
■
Preferred
10
N
80%
Dec
23%
Nov
33%
Dec
53 %
Jan
56 %
Dec
64%
Nov
26
Dec
30%
Dec
33"%
6% May
100% Aug
25%
Jan
2
21
Feb
11
23% Jan
33% Feb
9
36% Jan
55% Feb
11
61% Jan
4
Y State
$3.75
87% Jan 22
81
Oct
& Light 3.90% pfd__100
Shipbldg Corp partic stock
1
28% Jan
Elec
&
Gas
cumulative preferred
100
Noblitt-Sparks Industries
2.50
Nopco Chemical Co
4
Norfolk & Western Ry com_—25
Adjustment preferred—25
Sep
Jan
15
Feb
11
17% Jan
North
American
Co
10%
Feb
8
Jan
2
10% Jan
North
American
Aviation
83%
Dec
115%
Jan
83
Jan
5
87
25
Dec
30%
Nov
25% Feb
13% May
22%
Feb
16% Feb
11
22
20%
91
91
90%
91%
15
14'%
14%
15%
15
*85
91%
*90
14%
90
14'A
1,400
♦85
87 %
•85
87%
22%
i
22%
•21%
22
21%
34
♦32%
♦34
35%
33%
57
57%
X57%
86
20
22
•85
21%
32%
21
•32%
34
*32%
34
56 %
56
57%
*85
86%
86%
55%
56
55%
56
21
*26 Va
26%
26%
*26%
16%
15%
26%
16
9%
9%
9%
9%
84%
*83%
84%
♦26%
26%
♦26%
16%
16 %
16%
1
9%
9%
9%
10
50
*84%
*84%
86
*26 %
15%
15%
15
9%
200
2,000
26%
15%
18.666
9%
16,500
85"
*83
17
^Northern Central Ry Co
11
29% Jan
12
"Northern Natural Gas Co
10
27%
27%
27%
27%
26%
27%
25%
26%
26%
27%
4.800
11
21% Jan
5
Northern Pacific Ry—
100
18%
19
18%
19
17%
18%
16%
17%
17%
17%
14,700
86%
86%
86
86%
85
86
86%
Dec
102%
Feb
81% Jan
87% Jan
14
Aug
22%
Apr
11% Jan
14% Jan
29
25%
Oct
x21% Jan
24% Jan
29
33
Jun
Cum
.
4.6%
c
(Minn)—
pfd $3.60 series
Northwest Airlines Int
86
*84
,
500
;!■
Jan
19% Aug
*85
86%
86%
210
10
13
13%
13%
13%
12%
13%
12%
13
13
13%
9.000
25
23%
23%
23%
24
22%
24
21%
22%
22%
23%
6.800
35
35
No par
common
cumulative preferred—
45%
Jan
33% Jan
36
Jan
12
Northwestern
Telegrapk
Dec
13%
Feb
5% Feb
7
Jan
7
Norwalk
Tire
&
12
Dec
18%
Feb
12
Jan
20
13
Jan
5
Norwich
Pharmacal
27
Dec
38
31% Jan
16
6%
20%
92
15%
10
Northern States Pwr Co
79%
22%
22%
•90%
15%
15%
12,800
21%
Corp—
26% Feb
16 %
22%
91%
22%
•90
21%
21
_50
*35
35%
•35
*35
35%
__No par
•6%
6%
•6%
6%
2.50
Rubbet-
*11%
12%
*11%
12%
Co
,*
35%
*34'A
20
35
5%
5%
5%
1,000
12%
6
•12
12%
12%
12%
100
*27
5%
6
•11%
O
Jan
27% Feb
10
111%
&1% Dec
Feb
92'A Jan
2
Dec
26% Feb
11
July
17% Jan
Dec
Feb
21
Apr
35%
18
Dec
22
27%
Dec
7% May
86
May
15 Va
12
Ohio
6
18% Jan
17
Oklahoma
22% Feb
11
27 % Jan
8
Jan
10
10% Jan
14
149%
33
Oil
107
.
95% Feb
10
Feb
9% Feb
13
Feb
13%
118
97% Feb
13
Sep
28%
Feb
20
Jan
2
33%
Feb
27
Jan
26
Oct
99
,
100
Jan
Gas
29
28
28%
28%
983/4
98
98%
98
98
97%
97%
97%
97%
350
23%
29%
29%
293/4
27%
29%
263/8
27'A
27
27 %
17,600
*17%
18%
*17%
18%
*17%
18%
*17%
18%
24%
24%
24
243/4
22%
24
22%
23%
95%
96
95%
95%
Omnibus
8%
5
(The)
Corp
convertible
30
♦29
30
96
96
6
A
9%
9%
9%
98%
98 3A
*98%
500
*22%
-—10
*22%
24
Otis
No par
*28%
29%
Elevator
common
Jan
151
Jan
14
28%
Feb
19
Feb
13
23
Jan
5
Outboard
Jan
83
Jan *17
X 86
Jan
8
Outlet
68
Nov
80
July
60
Feb
73% Jan
2
Owens-Illinois
154
29
Jan
6%
preferred
100
*151
152%
29
29%
152%
152%
&
$ pffr share
Lowest
NEW
Highest
$ per share
22
*21%
28%
28%
29
*151
*193%
21
*19%
86%
*83
*83
*62
62 aA
62
62%
61
Glass Co
YORK
*151
154
20%
8 6'A
60
60%
LOW
STOCK
Saturday
EXCHANGE
Monday
$ per share
Par
I per share
AND
$ per share
HIGH
SALE
$ per share
3,800
Friday
Feb.12
tlie Week
for
Shares
$ per share
$ per share
$ per share
Sales
Feb. 13
Thursday
Feb. 11
Feb. 10
600
PRICES
Wednesday
Tuesday
Feb. 9
Feb. 7
61
60 3/4
80
19
*83
86%
12.50
86%
62%
21
2,100
29
20
*83
*19%
70
600
22%
29
154
*151
154
*19% -21
86%
2.50
STOCKS
Range since Jan. 1
Highest
22
22%
28%
>
2,400
9%
97%
*83
Mfg
490
96
9%
97%
No par
Marine
Co
Range for Previous
Year 1947
„
4,500
23%
*94
9%
*97%
22
23%
Oppenheim Collins-——
5
23
18%
98
9%
98%
9%
98%
*17%
96
*95
9%
98
9%
100
common
preferred
22% Jan 31
93
S per share
20
32% Jan
163%
Lowest
pfd
4%
Corp common
No par
4%% convertible preferred—100
Aug
13
Elec
&
Oliver
19 Va May
,v
27%
98%
8
common
Co
84
;;
30
100
No par
Co
preferred-—-—.
Jan
May
24
4.40%
~
17% May
93
Ohio Edison
99% Jan 29
P
10
May
16
Sep
13
Feb
13
15% Jan
17
Pacific Amer Fisheries Inc
9% May
19
Feb
11
Feb
11
13% Jan
31
Pacific Coast
50
Jan
80
Oct
62% Feb
11
71
Jan
12
24
Jan
46%
Oct
34% Feb
13
40% Jan
7
17
x33%
50%
Feb
3
19% Jan
36% Jan
Dec
43%
Jan
33% Feb
13
Nov
62%
Jan
51% Feb
9
25% May
X89% Dec
39%
Feb
30
Feb
129%
Jan
90
Feb
131
Dec
168
Feb
134
Jan
2
3% May
7
Feb
4% Feb
10
59%
Oct
41% Feb
11
54
1st
13
35% Jan
12
11
97% Jan
8
144
Jan
22
5% Jan
8
Finance
Pacific
•
i
Dec
7%
Feb
4% Feb
13
5
Jan
2
8%
Dec
14%
Feb
8% Jan
2
10
Jan
29
Pan
13% Feb
11
16% Jan
12
Pan-American
Feb
5
52% Jan
5
92% Jan
12
6% Feb
11
7'A Feb
13
79
102
May
18
July
40%
Jan
55
Nov
90
Dec
109
Mar
5'/a
Jan
9%
Feb
58%
Jun
79%
Feb
96%
Dec
:-I46k
109
6
July
94
Jan
20
8% Jan
10
Jan
9
Jan
19
97
Jan
2
19%
Dec
32%
Jan
18V4
Feb
11
37
21% Jan
Sep
53%
Jan
34% Feb
10
40
2
Dec
4%
Jan
.
8
Jan
13
2% Jan
13
2% Jan
29
33% Dec
43
Jan
28% Feb
5
33% Jan
2
28'A May
34% Feb
24% Feb
11
29% Jan
7
Dec
87/a May
14%
Feb
!•"
15% May
7
Feb
9% Feb
10
8
Pacific
Western Oil
Packard
Motor
100
10
_No par
Airways Corp
Petrol
&
4%
Prod
Cos
Utah
&
Parmclee
19%
6
11%
Jan
Patino Mines
Nov
32% Feb
3
37
Jan
Penick
Feb
Feb
11
43
Jan
15% Jan
16% Oct
5% Jan
2
,8
Jan
11% Feb
13
15% Jan
2
Penn
13 % May
24%
Feb
15% Feb
11
19
Jan
5
Penn-Dixie
29
Sep
36
Apr
30
Feb
9
33
Jan
12
X107
Dec
117
Jan
112
Jan
14
112
Jan
14
5%
18
Dec
22
Jan
18% Feb
11
19% Jan
5
Penn
15%
Dec
26%
Feb
17
Feb
11
20
5
42
7
38
111
Apr
May
51%
Dec
118%
Sep
Dec
55%
Nov
101%
Feb
45%
81%
Jun
6
22%
23
May
Dec
May
Dec
99
8% May
Jun
13%
37
May
36% Apr
49%
Dec
97%
Dec
22
Jan
Feb
Jan
Feb
11
106% Feb
,
13
43% Feb
11
45% Jan
6
87
15
89
9.
Jan
10% Feb
47% Jan
118
Jan
Jan
4
13% Jan
5
Peoria
11
24% Jan'
5
6
Pet Milk
Jun
99
102% Jan
7
,
Oct
2
62%
Jan
47
Feb
48%
Dec
40% Feb
59
5
13
11
54% Jan
2
13
48% Jan
5
Mar
50
Feb
5
98
Jan
27
24
Jan
109% Aug
For footnotes see
page 24
11% Jan
16
53% Jan
100
Jan
9
13
&
4%%
Eastern Ry
Co
2nd
Petroleum
Pfeiffer
Pfizer
51%/-/
51%
51%
51%
51%
1.500
32%
32%
31
32%
30%
31%
30
30%
2.700
91%
91%
91%
91%
90
90%
*90%
'
142
142
4%
4%
46
45
1413A
140%
140%
90
4%
4y8
4%
4%
1,600
41%
42 %
42%
3,000
42%
*14%
47%
46%
7%
♦100%
92%
■
92%
7
*67
70
103
*100
8%
19,300
14%
400
47%
46%
47%
3,500
92%
6
7%
72
8%
*13%
92%
15%
93
46.400
8%
14%
46%
9%
15%
-
43/a
8%
4 3/a
4'A
4%
83/4
7%
42
13%
4
4%
93
310
91
*140%
9%
103
*68
8,100
44%
4%
4%
47
33%
4%
142
142
9
*15%
33%
XX
*67
4%
./:■"/ X"'
110
634
10,200
100
*99%
103
*99%
93%
67'A
93
.
70
T
6%
67%
v
6%
3/a
19%
19%
19%
18%
19%
18%
183A
183/a
38
36
36
34%
34%
*34%
35%
*34'/a
103
.
19 X
32,600
35%
200
2%
2'A
2%
'A',3.700
29%
29%
29
29%
5,100
24%
24%
25%
25%
7%
7%
No par
5
:No par
1
*7%
*9%
33
39%
7
„
13
7
*16
com__No par
*31
*111
v;
7%
9%
33 '
40%
7
13'A
16%
2%
2%
32
115
x2%
9%
33%
33%
34%
39%
40
383/4
39%
6%
7%
9%
9%
7%
7
32%
,
'
11%
12%
1.700
15%
15%
1.30Q
*28%
30
31
*29
32
•111
115
*111
115
100
preferred
Brewing Co
& Co Inc
*11 %
33%c
No par
89
17 'A
17
17%
24,700
*41%
42%
106%
106 %
80
*42 3/4
44%
200
89
88
88
87
87
*86%
87%
400
*93/4
"42
22 'A
28%
28%
103
*101 %
103
103/4
10
15
15
14%
49
49
49
47%
48%
43%
41
'42%
50%
42%
43
50
50
50
98%
50
50%
98%
98%
*98
11
*9%
21%
21
*10
21
10%
400
12%
;
28
*27%
*101%
15
'
42
*27%
103
*101'/a
10%
15
25
98%
17
43%
21'A
*48%
—.
6.800
10?%
22%
15
•
18%
43%
11%
*10%
115
18%
107%
43%
28%
10'A
*111
183/a
44%
43
No par
'■
109
22%
11%
115
18%
44%
43%
109
28%
10 %
300
32
44%
44%
112
28
*101 Va
1
*44%
22%
5
No par
44 %
*111
28
100
*28%
'
22%.
11%
32
*111
173/4
Co
2.400
151/4
17%
89
,
12 «/8
17%
*88%
7
15%
17%
100
6%
12
17"%
45
*
6,200
12%
17%
44%
>
16
50
112'A
1,000
39
12%
18%
*44%
33
38%
15%
18%
*44
1,600
9%
33
16%
18%
*111%
63/4
6%
9%
•
'
13%
18%
5
39
*12%
18%
10
323/4
38%
400
1,600
7
*16%
18%
100
7
10
9%
9%
33%
2%
7'A
7
7%
7
No par
common
preferred
.
2%
Corp of America—
(Chas)
34%
29%
Phelps-Dodge Corp
Philadelphia Co 6% preferred
$6
51%
26%
Pepsi-Cola Co—:
30% Jan
11
34
51%
28%
Pennsylvania Salt Mfg Co com
22
Jan
34%
26%
3%% series A preferred
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Feb
9% Feb
34%
17%
34%
51%
—_
.
29%
1%
21
14% Feb
33 %
•90
170
17%
*16
27%
16.
27% Jan
Dec
17%
29%
100
Jan
18
*16 3A
*26'A
10
Light Co
34% July
12
*17'A
17%
*17
27 %
preferred
34
108%
36%
♦261A
Co
Glass Sand Corp
&
35
*35
2%
29'A
Corp
Csment
Power
34%
67%
37%
5
Penn
BIRTHDAY
67
29%
No par
Coke
230
62%
67
*36
2%
Enterprises
Penney (J C) Co
Penn-Central Airlines Corp
&
12
*63%
2.50
& Ford
Coal
7%
72
103
11%
LINCOLN'S
13%
1
1
Pennsylvania RR
'v
29
&
46%
500
11%
63
No par
Transportation
48%
9
93"%
*93
1
Inc
Co
38%
46%
_100
preferred
4%
46
4%
15%
*15
7%
Inc
Sep
32%
4"A
46
4%
8%
*68
*100%
Parker Rust Proof Co
Jan
51%
33
91 %
91%
*140% 142
1
Refining
Consolidated Mines
Davis
17%
34%
common__No par
Pictures
Park & Tilford
Parke
100
&
Inc
convertible
Paramount
5
No par
preferred—
Panhandle
Paraffine
Park
2%
Transp
Panhandle East Pipe L com
4%
1
Corp_
Car
American
38% May
5% Dec
;
No par
_.
4%
15
51%
32 %
Telep & Teleg common—100
Jan
53% Jan
34%
6% preferred—
Pacific Tin Consolidated Corp
21%
13
10
25
13
11
35
37%
No par
13%
12
70
*67%
Corp
13%
12
37%
7o
Corp of Calif
13%
12
12
38
*37'A
*17%
13
14
*13%
*67
Mills
Pacific
12
No par
Lighting
Pacific
14
12
No par
Pacific Gas & Electric
8
15
14
non-cum
preferred
Pacific
.8
10
common
non-cum
preferred
2nd
13
Jan
Co
103
*101%
100
21%
23,200
28%
400
103
93/4
1,800
9%
-
93/4
A3/,
14%
14%
14%
14%
1,700
47"%
48
48%
2.900
47
;
40%
4
PA
40%
41'A
13,500
50%
50
50%
50%
50a/4
720
98 %
*98
98%
98%
99
20
|
Volume
167 Number 4673
THE COMMERCIAL
Range for Previous
Year 1947
Lowest
Lowest
$ per share
9per share
21%
Dec
23%
Dec
29 %' Jan
111%
Dec
120% Aug
95
27%
Jan
NEW YORK
Highest
Par
21% Jan
26
23% Jan
5
26
25% Jan
2
$1 preference common
21
110% Jan
2
4.4%
preferred
3.8%
preferred
Reading Coal & Iron
100
Aug
Oct
91
Jan
28
07
Jan
9
14
Jan
19
16% Jan
30
21
35%
33 % Jan
Phlla
Nov
28
Jan
22
85
Dec
98 % Mar
84
Feb
2
25
Dec
43%
88
Dec
103
Feb
85
Dec
101
Mar
21
Apr
43"
Dec
81
Jan
93
Jan
25% Feb
87
Jan
90
11
Jan
12
2
'
Jan
26
42
Jan
87% Jan
22
90
Feb
63% July
54%'Jan
21
623A Jan
2
12
Jun
18
12
Feb
10
13% Jan
13
Apr
38% July1
Dec
Dec
10
108
16%
Dec
18%
102
Jan
31% Feb
32%
16
163%
Nov
203
32'A
Apr
31% Jan
173A Jan
10
26
145
Jan
27
163% Jan
13
39% Jan
9
140
Oct
93%
Feb
13
10
Jan
10% Feb
11
14% Jan
Sep
Jan
27
74% Feb
11
Feb
15
Feb
13
145
Jan
9
77
Jan
27
6
13
No par
♦90
92
80
Jan
5
Jan
9
32% Jan
12
com—100
♦139
149
100
*158
161
10
36
36
No par
102'A
100
110%
Jun
51% May
21 % May
i3
34
13
71% Jan
18% Feb
11
22% Jan
Publicker
Pressed Steel
Jan
4% %
Feb
83% Jan
28
87
Jan 12
38%
Jan
32% Jan
15
34
Jan
5
Public
6
23
Jan
5
Pub
.
61%
i.
7
9
11
135% Jan
12
5
111% Jan
110% Feb
46% Feb
x25 % Feb
5
Jan
101% Feb
13
107
Jan
Dec
36%
Feb
x25
11
31
Jan
Mar
24%
Dec
21% Feb
11
24% Jan
10%
*10
*10
-
45%
44%
41%
32
32
♦13%'
14
13%
13%
12%
12%
12%
9%
7% May
.10%
Feb
Dec
80%
Dec
15%
Feb
11
-9% Jan
69 % Jan
7% Feb
11
8% Jan
94%
Dec
28% May
105% Mar
41
95
2
28% Jan
Feb
Jan
21
98
Jan
31% Jan
5
17% May
32
Dec
22% Feb
11
30% Jan
32%
38%
Feb
31
Jan
28
34 Va Jan
Dec
16% May
22% July
16% Feb
10
37
Dec
48 %
37
Jan
5
33
Nov
39
9% May
96
Oct
11
July
July
8%
8%
31%
31%
*31%
31%
31%
64%
63%
64
62%
5
•19%
20%
19%
20 %
18%
19 %
33
18% Feb
Feb
11
10% Feb
108% Mar
101
83%
84
84
33%
33 %
33%
33%
33 %
20%
20%
20%
20%
20%
20%
91%
91%
83%
91%
12% Feb
21
101
Jan
May
; 16%
Feb
11% Feb
11
13
Jan
14%
Nov
11% Feb
11
14% Jan
20% May
29'/a
Feb
23
Jan
23
25
Jan
Dec
17%
Feb
10% Jan
31
11% Jan
Dec
84 %
Feb
62% Jan
14
63% Jan
12%
Dec
17
Aug
12%. Feb
13
14% Jan
Nov
102
Jan
96
Jan
21
97
Feb
9
24%
Jan.
Oct
24
Feb
29% Jan
7
33 l/a
91%
500
xl03
104
102%
103%
560
X112
113%
112
•129
112%
130%
129%
129%
128
128
*110%
111
111
105%
130%
*21%
X127
128%
111%
*110%
111%
*110%
47'A
47%
47
47%
25%
26%
25%
25%
104
102
■
22%
22%
*21%-'
1st
non-cum
2nd
8%
■"
8%
65%
64%
8
8%
r
13
Range since Jan. 1
Lowest
Highest
$ per share
9 per share
Lowest
4% May
9%
Jan
6% Feb
3 Va
8%
Feb
9%
Dec
15%
Feb
30%
Feb
Dec
14
May.
91
Dec
6%
19%
Dec
9
10% Jan
2
5
Apr
11% Feb
95
*92-
29%
*29
30 7
1
24%
24%
25%
22%
24%
22%
23%
31%
25;'
32
-
24%
32
7
31%
31%
*31
17%
*37
50
*33
5
17%
38
34
,
*37
31%
*33
34
12%
*100
12%
104
a
31%
*31
17%
*16%
17%
*17
*37
38
*37
38
33
*32
34
100
10%
800
33%
11
104
9
19% Feb
24% Jan
2
98% Feb
104% Jan
11%
11%
11%
11%
11%
10
*11%
12%
*11%
12%
11%
11%
11%
11%
.No par
*11%
*23%
12%
May
16% Feb
7% Feb
10% Jan
44%
Feb
38 Va Feb
45
May
50%
Dec
48% Feb
Dec
2
2
13
85
5
41% Jan
36% May
104
Feb
88 % Jan
19
Apr
25%
Feb
Jan
18%
Dec
50
Jan
24%
23%
200
23%
23%
23%
23%
23%
*23%
5
*10%
11
24%
400
11
11
11
11
XlO%
10%
10%
64
19%
500
*63
5%
Sep
31
6
15% Jan
Feb
18% Jan
2
24% Jan
22% Feb
10% Mar
5% Feb
20
-
Feb
13
24% Jan
19
Nov
15% Jan
22
18
Jan
2
24%
Oct
18% Feb
11
21
Jan
2
68%
Oct
xl6
Feb
22
64% Jan
11
18 % Jan
2
6
7%
3%
3%
9%
9Va
9%
24 Va
23%
24'A
*103%
105 %
*103%
105 %
16%
6%
preferred
100
100
8%
'
99
8%
39 %
39%
200
2,300
15 Va
15%
*84
6%
6 Ys
J
6 Va
20
100
100 Va
98%
8%
7%
38%
*48%
51
51
*48%
89%
88%
88 Va
*87
87%
"21%
21%
20%
21%
17%
16%
17 Va
24
167/s
Royal Typewriter
;
-
*7
,
22
17
48%
10
88%
20%
20%
100
17
'!
2,000
16%
16%
16%
23%
*21%
23%
200
5% :5%
*5%
5%
2,900
6%
2,600
22%
5%
5%
7 Va
6%
7
6%
6%
22
*20%
21%
•
a
6%
*19%
22
*20
*16
17
16
&
16%
16
16%
*15%
19%
19
19
18%
19%
18%
18%
18%
*57
59
57%
57%
56%
58 Va
55
♦16%
.8
1,100
6,100
*22%
22%
5%
7 Va
-7.
140
8%
38%
*87
20%
5%
7%
*19 %
16%
16%
16%
16%
16%
Xl6
43
41%
42%
19
....
*22%
57/a
*16%
No par
Ruppert (Jacob)
17
24
20%
*
5%
1
(The)
17
*22%
*48%
24,400
2,400
98%
*8
38 Va
51
*88%
No par
10
6%
48%
51
21 %
•
5,500
20
*96%
38%
90
,No par
—.
6
8%
39%
*48%
21 %
200
157/a
89
19%
98%
8%
38%
39%
♦88%
1'
1,900
24,500
23
*82
■
lo
—
6,500
9,600
105%
15%
;
6 ,v;
6 Va
20 ,
19%
20%
98%
9
*8%
22%
*104%
15%
90
8%
•
21 Va
39
;
3%
8%
LINCOLN'S
BIRTHDAY
Shares
7%
3%
'
22%
the Week
7 Va
104
104
16 %
9
Sale* for
Feb. 13
9 per share
3%
•
8%
90
Friday
9 per share
7%
22%
104%
*85
Thursday
Feb. 12
100
series—!—
St
68'A
Dec
67
St L-San F Ry Co com v t c—No
par
Preferred series A 5%
100
St Louis Southwestern
Ry. Co__ 100
5% non-cum preferred
100
58;;
8
x20
Dec
Jan
Jan
>
22
46
2
65
Jan
8
Feb
10 Va Jan
7
79% Feb
18
Feb
108
Jan
13
9
82
13
Jan
9
2
15
30
5
11%
Feb
8% Feb
10
55%
9% Jan
Jan
25% Feb
10
49 V8
Jan
114% Mar
,
Dec
103%
90
Dec
13%
Nov
102% July
18% Jan
Sep
8
Jan. 29
21% Jan
112% Jan
31% Jan
2
5
41
Jan
22
44% Jan
91
Feb
13
95
Jan
9
88% Feb
13
91 % Jan
13
13% Feb
13
14% Jan
6
82
Feb
10
85% Feb
4
Feb
13% Feb
11
18 Va Jan
2
45
98% Mar
55
Feb
Jan
21
50 '
Dec
Jan
19%
Nov
5
15% Feb
10
Mar
43%
17% Jan
6
Dec
35 % Feb
11
5% May
30 % May
10%
Feb
Oct
40% July
16% Feb
Dec
16%
5% Feb
31% Feb
11
44% Jan
6% Jan
5
38
Jan
2
6
12% Jan
16
11
8
Jan
2
12% Jan
13
Feb
10% Feb
Jan
97
Feb
11
104
Dec
26 Va Feb
11
24% May
29
40%
Oct
5
6% Feb
30%
page
12
11 % Jan
Feb
see
Joseph Lead
10
.
30
Feb
11
11
Jan
Jan
35'A Jan
31
5
10
'
St Regis Paper Co common
1st pfd 4.40% series A
8afeway Stores
5%
'•?'
55%
20
'
7,400
20
200
16%
400
19
3,600
'
*54
56
:: - 700
16
16%
16%
5.
—1.75
Paper Co common
—No par
$3.4o cum preferred
No par
Bcovill Mfg Co 3.65% cum
pfd—100
32%
88
*82
87
62
*60
62
80
i
81
19%
110
.
9
8%
8%
"
*80
42
41
41
2,100
8%
33%
8%
9
15,100
33%
34
10,700
87
*80
86
*80
62
*59
79%
19%
700
.
*90
80%
19%
20
8%
*79%
n:
<
*59%
60%
*59%
8Va
8%
79%
79%
87/a
80
19%
18%
19 Va
110'A
110%
110%
110%
200
.8%
8%
8%
8%
1,900
27%
?8%
25%
8%
27 Va
25%
26%
26 %
26 Va
22,400
42%
42%
42%
400
42%
42%
14%
*14%
14%
13%
14 Va
>83
V 15%
86 Va
*83
86%
82
82
45%
45%
*15%
16%
38%
38%
*>53/,
5%
33
33%
5
12
12
1
.
*7'/a
1
1
>26%
par
:,32%
27
>
32 %
,
*41
7.
91%
88%
91
93%
*87%
88'A
88%
50
13%
13%
12%
137/a
1,100
*78%
14
15%
45
15%
15%
36'%
83
15%
36%
39%
7,800
35%
13%
14%
♦44
45%
*78%
14%
*44
15%
15%
36
36 Va
83
14%
45
V15%
37
120
10
3,700
300
700
3,100
■
*5%
5%
5%
5%
5%
400
33%
32
33%
32
32%
32'A
33 Va
12
11%
11%
11%
11%
11%
11%
42,400
5,400
11%
>
r
-
*5%
5%
5%
'
'■
11%
100
*89
45
7
16
1,8%
x33 Va
7%
n
100
46
;
15
39
-
No par
_f„
[No
15
46
*15%
92
43
42%
88%
No par
Sears Roebuck & Co
r
42%
*89
*87%
15%
18
*110%
~
No par
;
5
8eeger Refrigerator Co
Seiberling Rubber Co
450
8%
1
Seagrave Corp
14,600
19%
—100
Seaboard Oil Co of Del
50
8%
110%
88'A
par
61
79%
8%
92
*14
79%
87
110%
92
88%
3
8%
27%
*42 %
■
110%
110
•<:-$;•■: /
27%
9
*87%
common—5
5% preferred series A
Seaboard Finance Co
Corp
8%
35%
*89
cumulative preferred—100
Seaboard Air Line com v t
C—No
Steel
9%
33%
86'%
3.35%
8haron
8%
36 V*
8%
5
Scott
Shamrock Oil & Gas
9%
35%
62
—100
—
9%
35%
*83
100
common—
Servel Inc common
$4.50 preferred
41%
/ 9%
"
preferred
(The)
42%
9%
35'A
5
Savage Arms Corp
Schenley Distillers Corp
Bcranton Elec Co
42
42
,
.
_
Apr
For footnotes
*104
16%
■
9'A
24
'
1
-10
2
16%
100
9
22%
91%
21 Va
8
110
16%
*88
6%
2
Dec
91 %
21%
Jan
10% May
16%
91 %
6%
10% Jan
Oct
20%
*9Va
237/a
21%
37% Jan
99% Jan
Dec
101
24%
7
3%
11
12
6%
24
Feb. 11
6%
11
98% July
26% July
11
12,300
$ per share
3%
8% Feb
60 %
17%
60
13 Va
97
Wednesday
-
8
32% Feb
41
Jun
23
Feb. 10
$ per share
3%
Dec
24%
Tuesday
Feb. 9
7%
Jan
Dec
Monday
3%
Jan
11% May
39% May
63%
12%
97
24%
24%
7%
12%
Dec
83%
25%
3%
37%
9
92
*61
13 Va
7%
55%
Dec
24%
9 per share
No par
com_
Oil Corp_
Co
63%
97
13
*96%
1
May
May
7% May
23% May
,40% Dec
25%
9 per share
Antelope Copper Mines
RobertShaw-Fulton Controls Co__1
4% %
conv
preferred——_25
Ronson Art Metal Wfcs Inc
.—3
Ruberoid
63 Va
13%
98
s
,80
108
25%
2.50
Co
63
13
*96
50c
Dec
57
26%
Feb. 7
Dec
66
13%
97
Saturday
Jun
5 %
63
13%
97
*25%
••
Roan
20%
18
65
13%
97
v
1,300
LOW AND HIGH SALE PRICES
common-
Ritter Company
Sep
54% Jan
Richfield
19
Dec
40
13%
*96%
STOCK
Manufacturing Co
19
19%
Feb
*60%
*
25
Preferred 3.60%
19
18
26%
50c
Common —I:
Rheem
Jan
42% May
Dec
100
convertible
8 % Jan
7
6% Feb
;
17%
series
common
Reynolds Spring !
i
Reynolds (R J)1 Tob class B!
20
23% Jan
5Va%
8
93% Jan
20% Feb
13%
23% May
.
Republic Aviation Corp
5
104
11%
Reynolds Metals
Jan
*100
100
12
Rexall Drug Inc
Jan
10%
1,200
*11%
2
39
11
104
600
-V
17%
12
2
124
*10%
*100
31%
.
*11%
__
9
Jun
33
12
*100
104
500
3,800
37%
*33
12%
*100
20
r-V
23%
23%
16%
17%
17%
38
.
*12%
—100
Jan
May
90
1,000
12,500
37%
*
50
50
7% Jan
Feb
;\
95
29%
93
6
39,100
7%
95
90 % Jan
110
9
7%
7%
30
19% Jan
Jan
8'/a
65%
95%
common—
Republic Pictures
105
7%
8
64%
30
Par
27
Jan
"
8'A
65
*95
$1 convertible preferred
10
Republic Steel Corp com
No par
6% conv prior pfd series A
100
Revere Copper & Brass com—No
par
5%% preferred
—100
103
8
63%
8
31
15% Feb
113% May
24% Feb
400
*
8%
65
7%
96
EXCHANGE
12
Jan
22
*95
preferred
NEW YORK
4% Jan
22% Feb
101%
*21
*30
1
8% Jan
8% Feb
22% May
10
21%
96%
$ per share
3% Feb
Dec
1,700
,30%
Reo Motors Inc
Highest
9 per share
500
25%
*29%
$4.50 preferred
-
101 Va
25
4-
65
8Va
STOCKS
Year 1947
101 Va
50c
Mfg Co
pfd 3Va%
Range for Previous
3,700
18,900
*95%
!
Remington-Rand
>
25%
No par
preferred
preferred
10
47 Va
25%
25%
21%
390
•240
111%
46%
102
x25
22%
8%
64%
8
102
27
'
pfd—-100
——
non-cum
103 Va
26'/2
8%
8
■
130
27%
•
91
*110%
111
*26%
22 Va
91%
X90
27%
*6*4%
1
92%
47%
'
*103%
27
91%
"W:7
Reliance
-
120
114
*103
v:: 27
(Robt) & Co—
$1.25 div prior pfd
Reliable Stores Corp
2
96
7,100
7
104
100
Conv
4,600
21 Va
103%
—No par
23
33%
20%
113%
Reeves Bros Inc
5
62
84
33%
114%
Real Silk Hosiery common
5
10%
83%
.
33%
21
92%
104
preferred
common
4%
7
*83%
18%
113
——
4%
2
Dec
1,900
18'/a
103%
Reis
12%
7,000
18%
113
27
1%
400
63% AV
103
$2 preferred
Reading Co common
4
9,100
31 y*
"
103
27
21
1,800
21,000
*112
26%
6
600
aV
100
47%
/.'
:v;i;
_10o
Inc
conv
8%
■
11,400
■;
84
18%'!
84%
Raybestos Manhattan
Rayonier Inc common
2
:
33%
Colorado
48
10
34 % Jan
13
Jan
Jan
9%
20%
of
''
12%
9%
64
com
Ralston Purina Co 3%%
9
20 Va Jan
39
12%
9%
Radio-Keith-Orpheum
9
12%
65%
Radio Corp of America com—No par
$3.50 conv 1st preferred—No par
28
12%
32%
48
8
13
9%
Quaker State Oil Refining Corp—10
5
12%
64%
Purity Bakeries Corp
5
11
Jan
12%
32%
■
8
63% Feb
,
Feb
8%
12%
■'V
31
No par
Inc
y, 4,900
10%
•29%
9%
8%
,
43%
44
30%
33%
5%
42%*
800
•'■. ,;•••;
29%
41%"
83%
Co
(The)
*10
a
30%
'
20
Oil
29
10%
v
29%
m
150
32%
IV
68%
.Y
210
-v:;
15
65%
No par
No par
Pure
75%
15
•139
12%
12%
;
*71
16
13%
xl3%
12%
75 Va
150
*10
44,
33
75
75
15%
10%
46
•
4,400
x60
*70
Corp of N J com—No par
preferred
No par
Service
-
5
x29%
11%
11%
6,400
6,400
"
75%
65%
preferred.
cum
32%
33
Qerv
$5
5
20
Industries
6% -preferred
7% preferred
8% preferred
8
24%
11%
'
74%
•31%
12
Dec
10%
/
—_50
Pullman
29%
13
no
-
8%
8
—No par
2
109%
8%
*125
33%
Co Inc com—i
car
5
Oct
8%
11 %
150
31%
10%
45
10
Jan
53
8%
*132
*31%
3*..
100
Pub Serv Elec & Gas pfd $5—No
par
106%
Feb
Co
30% Jan
13
Feb
34%
8%
13
*139
?1
♦10
1
1
No par
Power
preferred series A
$4.75
97% Jan 14
B_
Electric
5
'
150
30%
5
-
Procter & Gamble
Co class
&
•139
1
—
31% Feb
Feb
157%
34%
29
62% Feb
xl27
8%
12%
18%
900
150
157%
35%
31
102%
Jan»'
8%-
77
"
18
*145
158%
34%
*139
Feb
11% Jan
149
158%
35%
35
150
43
119% Jan
*140
10
5,000
'
35%
'139
Feb
108% Jan
13
17
Potomac
6
27%
13
75
Poor
11
90
27
17
13 % Jan
Feb
90
*70
*75
1,000
U%
12%
18%
15% Jan
Feb
161
13
240
1,400
11%
92
77
13
11
*12%
31%
99%
•27%
*17%
12% Jan 28
Feb
149
*158
35%
8%
31%
99'A
12%
*75
12% Feb
102
*140
100
26%
76
Oct
x90
149
161
♦90
x76
Pittsburgh Young & Ash pfd
Pittston Co (The)—.
Jan
xll2
*139
*157%
r
400
13
11%
1
82
Nov
120% July
130
Aug
146% July
114% Feb
92
100
*94
11%
*80
71% Nov
Dec
127
12
*132
16
Dec
111
99%
81
19%
Feb
32
1_
15%
20
31%
99%
*78
Plymouth Oil Co
Pond Creek Pocahontas—.
25% Feb
111
Aug
*11%
*132
Plough Inc
Dec
13
100
10%'Jan 16
Dec
8%
—No par
j-referred class B
49% Jan
19%
54%
*11%
13%
6
90
56
28%
11
30 % May
*90
12
6,800
>
87
54%
*94
13
Jan
Jan
99 %
27
30% Feb
32%
33%
99 %
*90
33
11
32%
14%
Oct
8% Feb
12
29
Deo—i
Dec
12
92
35%
May
15% May
85% Dec
11,700
14
38
33%
10
56%
57%
28%
5
57
88'%
14%
10% Jan
May
38%
*87%
29%
Jan
9
38%
88%
29%
14%
■
♦82
39%
*87%
*13%
10
Dec
87
*37
1
22
12%
*82
39%
1
28% Jan
34
87
90
Co
38% Oct
11% May
89
new—
17% May
Sep
21
Apr
19% May
26%
89
54%
12%
30
25%
*96
12%
9,900
3,700
1:
86
90
39%
99 %
29%
25%
preferred class A
—100
5%% 1st ser conv prior pfd—100
Pittsburgh & West Virginia
100
8
21% Jan
25%
*87%
*96
14%
*84
*82
34
99 %
13
5%
145
*33%
par
preferred
7%
87% Jan
5
Dec
140
33%
99%
14%
*84%
90
14
33%
400
29%
14%
86
57%
*12
*96
No
Pittsburgh Plate Glass Co
Pittsburgh Screw <fc Bolt
Pittsburgh Steel Co com
29
140
Oct
Coal
57%
14
100
com
Forgings Co
56%
91%
29'A
26
800
360
91%
BIRTHDAY
14%
85%
5,300
23
104%
LINCOLN'S
28%
22%
29
for
Shares
104%
'
92
15
25%
90
21%
23%
*90
the Week
$ per share
104 %
86
*86
40%
99 %
25
No par
preferred
Consolidation
7%
56 3A
*12
92
Sales
Feb.13
9 per share
22%
23%
104%
30%
86
40
*87%
21%
23'A
14%
90
*84%
*
40%
89
21%
Friday
Feb. 12
9 per share
105
*84%
26%
*86%
Thursday
Feb. 11
28 %
87
26%
87
89
No par
RR
Pitts Ft Wayne & Chic Ry
2
8
Jan
20%
200
Pitts
5
34 % Feb
convertible
Pittsburgh
•82
100
15'
30%
*82
90
>38%
No par
;
C & St Louis
14%
26%
100.
:
common
preferred
$5
26
157% Jan
26'/a
*86%
23%
30%
30%
85 %
—100
21%
105% *
.104%
93
v'.'K 92
93
15%
30%
*84%
5
Pitts Coke As Chem Co
30
Feb
Dec
84%
$4
2
11
Nov
67
May
11
12% Feb
Jan
Jan
15
10 % May
90
Jan
59% May
171
16
145
10%
Jan
Jan
14%
3
Hosiery
Pillsbury Mills Inc
5
Aug
42%
Apr
14% Jan
26% Feb
Dec
169
Feb"!i
88
Dec
Dec
114
8
11%
Mar
Aug
8% May
5
103% Jan
Phoenix
93
100
common
22%
23%
*23 %
105
21
PRICES
Wednesday
$ per share
22'A
23%
SALE
Feb. 10
9 per share
105%
& 93
HIGH
AND
Tuesday
Feb. 9
22%
*23
*104%
1
preferred series A
Pitts C
Oct
16
May
34% Jan
7
22%
No par
Phillips Jones Corp com
5%
cumulative preferred
Phillips Petroleum
Dec
165
7
13
99% Feb
Feb
96 %
May
88
Feb
common—No par
4% 'preferred
3.60 series preferred
5
36
Co
Philip Morris & Co Ltd common—5
30
July
50% Mar
Corp
33A%
10
89
A
Philco
5
28% Jan
>
Phlla
13
87 3A Jan
6
,
85% Jan 21
Jan
|
Electric
(761)
Monday
4
f per share
100
Jan
16%
99 %
Feb. 7
22% Jan
104
109%
96%
Saturday
$ per share
Dec
30%
CHRONICLE
LOW
STOCK
EXCHANGE
10% May
Jan
FINANCIAL
STOCKS
Range since Jan. 1
-
Highest
9 per share
&
,*
7
6%
11%
11 Va
6%
10%
11%
10%
10%
*98 %
100%
98%
98 Va
97
97
26%
27
26 Va
26%
26 Va
30%
31%
30
31
31%
7
27
27'A
32f
32%
24.
■MM
■'
6 %
6%
*6%
6%
1,000
10%
10%
5,400
*95%
97
26%
31%
50
3,000
4,000
22
COMMERCIAL
THE
(762)
CHRONICLE
FINANCIAL
&
Monday, February 16, 1948
NEW YORK STOCK RECORD
Range since Jan. 1
Year 1947
18
$ per share
NEW
Highest
■v.-s
YORK
!
$ per share
Par
Jan
17% Feb-11
23% Jan * 8
Sharpe Sc Dohme
common
No par
82
Dec
Feb
71% Feb
73
15% Jan
2
$3.50 conv pref series A
Shattuck (Frank G)
13
Jan
8
Sheaffer
28% Feb -11
35% Jan
8
10
7% Jan
5
Sheraton
9
14%
Dec
21%
Feb
13% Feb
11
11%
Dec
22
Feb
12% Jan
2
24 % May
35%
Dec
6% May
9%
Feb
Feb
6
1
Jan
8
(W
A)
Shell Union
Pen
*19%
p
No par
1
Co___
—15
Oil
31%
1
*6%
4%
29%
Corp of America——
4
Apr
27% May
Feb
4% Feb
41
Jan
27% Feb
13
34
Jan
5
39
Apr
51
Feb
38
Feb
10
44
Jan
8
Simonds Saw & Steel
18% Jan
5
Sinclair Oil Corp—
2
Skelly Oil
2
Sloss-Sheffield Steel & Iron_
2
Smith
6%
5
6 Va J an
14
May
18%
Dec
15
Feb
11
65
Mai-
117%
Dec
92% Feb
10
115
Jan
15
May
23
Oct
18
Feb
11
21
Jan
38
May
62%
Oct
48
Feb
10
58
Jan
Co
—No par
20
39%
Oct
31% Feb
10
35% Jan
12
8 7'A
Dec
102%
Jun
87
Jan
13
88% Jan
15
23%
Dec
35%
Jan
19% Feb
5
24% Jan
8
15
3,000
38%
39
1,600
28
28
27%
22%
22
8 %
preferred
5
42% Jan
15
13
29% Jan
9
Southern
California
Feb
24% Jan
5
Southern
Natural Gas
28%
Apr
50%
Dec
43'% Feb
11
51
2
Jan
33% Feb
11
41% Jan
5
Southern
77
Feb
58% Feb
13
64
Jan
2,
5%
81
Aug
71
Jan
5
73
1 Jan
6
Mobile & Ohio stock
15% Feb
11
18
Jan
*9
4% Jan
5
Sparks
7% Jan
5
31% July
Sep
.24%
Oct
17%
90%
Feb
13% May
18%
Feb
27
Nov
45%
99
Nov
112%
Feb
23%
Dec
37%
Jan
102
Dec
17% May
Jan
Aug
,
36%
81
May
May
125
50% Mar
Jan
Feb
114%
89
63
13
Jan
7
2
Spencer
24% Jan
11
10% Jan
8
Feb
13
70
Jan
67
2
15% Feb
29% Jan
13
25% Feb
Feb
9
23% Feb
13
100
Feb
82
104
Standard
Standard G & E Co $4 pref—No par
6
Feb
11
Jan
12
98% Feb
11
109% Feb
2
27
62% Jan
2
$7 prior preferred
——No par
Standard Oil of California—No par
2
Standard Oil of Indiana,
2
Standard Oil of New Jersey,,,
86
25% Jan 31
95
37% May
36% Feb
13
63
80
69% Feb
11
78% Jan
25% Feb
11
31% Jan
12
Jan
93 % Feb
11
96
Feb
11% Feb
10
15% Jan
$6 prior preferred—
July
31% Aug
105
Dec
10% May
17%
43
Jan
Standard
3%%
Jan 22
Standard
2
Jun
49
Feb
38
Feb
11
47
Oct
37% Feb
13
41
Steel
300
271%
27>/a
27'A
1 500
21 V«
21'A
21%
21%~
1,400
44%
45%
46%
*40
41
44%
461/4
43%
45V4
36%
X34V4
361/4
33 %
,34%
61%
x59
601/4
*58%
60
*70%
72
*70%
72
*70'/a
16
15%
15%
*151/4
is
•
■
16%
4%
16
4%
..4«/4
300
6%
72%
72%
27
x26v
26
25
25%
24%
,251/4
1.300
21%
22
21%
22'A
9,500
8%
8,500
27
23 VB
22%
22%
22
91/4
9Vs
•
*71
68
15%
17%
16'A
16%
15%
16
26%
27
25%
26 Va
25%
25%
100%
100 Va
x24%
24%
100 *
101
25Va
25%
,
100
82
83
22%
22%
21%
7,400
22%
90
86
99»A
101
98
1,400
86%
*86
86
y»
981/4
98%
98%
1,700
58%
56%
57%
56%
57%
13,200
38 V»
37
37%
36%
37%
12,509
70%
69 Va
70'A
22,000
25'A
25%
5,300
94
94
200
11%
12
6,800
38
38
60%
38%
38
38%
71%
71%
71%
69%
71%
26%
26%
2 5 V4
26 Va
25 Va
25%
*93%
951/2
*93%
95
93%
93%
12%
ll'A
12
IDA
11%
12
400
13,900
82
87%
12%
24-
21
21%
26'A
240
100
83 'A
90
96
3,403
1,000
25%
23%
24%
24 Vs
80
15%
25%
1001/2
100
23%
23
.
>
84
*81%
83
83
67%
67
16%
10
73
8%
8%
67%'
68
68
„
8%
9
8%
68%
*68
101
x57
37 V8
69 Va
*38%
*38%
200
*38%
39%
39
*39%
38
38
38%
39%
*38%
*38%
2,000
6 V4
6%
75
>6%
90
.
4%
6'A
7
*72% '
59%
*12Va
900
7
59%
common,,,1
600
;y.
75
101
26 %
7,600
,
*6%
23%
*93%
34%
58%
4%
4'A
4 VB
4%
34%
58%
,
*72%
90
100
21,600
72
72
.
:•>.
70%
25
common—10
Spring
41%
27%
22
37%
preferred——
50
(The) L S_
No par
Starrett Co
2
Jan
of Ohio
*39Vg
27%
21 Va
59%
convertible
4%
41% Jan 13
May
Oil
41%
271/2
102
*89
*101;%
25
preferred series A
*39%
22%
*16
85
23%
No par
100
40
*39'/2
36'/4
25 '/a
*83
No par
6
28
40 V2
.
*70%
72
25
,
61%
*16
16%
4%
4%
*6%
7
*72%
75
*25%
27%
22%
22%
9%
9 '/a
*67%
69
,
16% / 16%
*26
27%
*100% 101
No par
com
,20% Jan
54% Jan
Mar
—No par
,
Brands Inc
$3.50 cum preferred,
12
July
44% July
23% Jan
No par
——
Squibb
$4 preferred,
9
Jan
preferred
5
(E R) & Sons common—_1
29
87
$4.50
Square D Co_
2
Jan
28% Jan
11
Conv
2
18% Jan
11
—_1
1
—_—2
&
Spiegel Inc common
5
Jan
No par
Sons
(The)——
Kellogg
Sperry Corp
29
8% Feb
21
1
Spear & Co common
$5.50
preferred
41
v
46%
47
36%
62
36 Va
*61
*70Va
100
tr ctfs
& Bros Inc
1
Withington
—No par
29% Jan
•••'
100
(A G)
Spalding
5
-Feb
37
46 Va
No oar
common—No par
preferred
Jan
73:
13
24% Feb
Feb
Dec
11
6% Feb
Railway
non-cum
"
.15%
401/2
•
May
41%
*22%
Co—_—7.50
Southern Pacific Co
50%
16% May
94
i—25
Edison
May
83
25
_—.«•—
July
4% Feb
2,709
38%
10
71
5,900
6
38%
27 % Feb
Feb
45,500
3%
40
40%
21 % Feb
Jan
151/4
,3%
39%
40 % Feb
Jan
14%
14%
Jan
7%
500
14%
xl5
4
15%
Dec
14%
60
20'A
14%
15%
41%
40%
42%
93%
G9 %
*20
15
xl4%
15%
41 %
40%
Southeastern Greyhound
34%
Dec
*87%
20
15%
Lines
5
South Porto Rico Sugar com—No par
8
15%
*39'/a
Dec
May
89V2
20
*87%
87%
20%
15
40%
Nov
4 % May
900
1,400
40
40%
preferred
27
6
500
18'A
*39%
15V2
15%
50
5%
40%
73
87%
*20
32%
17 V2
40
38% Feb
Feb
'//;•
50
*31%
*391/4
Jan
8
87%
20 V2
*471/2
40
56
68%
87%
20 V2
*
3%
xl4% Feb
23%
91
20%
31%
6
37% May
A
32%
181/4
50
*48
32
2,100
31%
18
50
32%/
19
48
',31%
52%.
200J
26,400
15V4
94
5%
Jan
20%
15
93%
3%
22%
May;
151/4
93
14%
14% May
15
15
92%
5%
9
-
15%
*1G'
52
32%
1,800
l.luO
39%
*37%
98
1514
,.,"92%
*19"' 19%
391/4
*38
-•
28
27%
3%
2
Nov
16
100
100
38
3Jn0
4%
151/2
40% Feb
68
.
9,700 1
6
5%
Apr
Jan
15%
38
6
*4Va
28
28
28%
31'A
30%
4%
3%
54%
57% May
BIRTHDAY
6 Va
4%
—
; 6
Nov
28
301/2
6
4%
—
6
South Amer Gold & Platinunu
16
34 %
28%'
6%
—
700
3%
Socony Vacuum Oil Co Inc
2
6% Jan
22
311/2
•
■
1,100
12%
*12
4
2
4% Jan
10
42% Jan
LINCOLN'S
6
17% Jan
24
5% Feb
11
12%
4
11
3% Jan
Jan
16% Jan
12'/2
6
14% Feb
Feb
8%
11
12%
y
3,500
1
15
Dec
5%
Jan
12 V2
28
,
■
14
!
South Carolina E & G Co com—7.50
17%
3% May
5% Oct
45
40
;
.y,
Shares
71
14
4%
52
*50
Corp
13% Mar
42
*38
*69
13%
6
*31%
Smith & Corona Typewriter—No par
29% May
O)
(A
29
.
*87%
20%
15%
10
Smith (A) & Sons Carpet Co com—20
3% % cumulative preferred—100
:i
29
29%
40
?T8Va
13%
6'2
4%
4%
15%
15%
100
100
*18%
19%
15
31%
6%
18%
72
14 Va
291/2
x
31V2
•17%
*69
14
14
*13
i
18%,
18%,
*70
14V4
$ per share
72
.18
■
72
for
the Week
Feb. 13
Feb.12
$ per share
S per share
Sales
Friday
Thursday
Feb. II
$ per share
20
.
V2
141/4
6%
4%
*38
No par
-
*70
72
15
13
31%
13
Silver King Coalition Mines—
5
Simmons Co
.—No par
19
',20
.\*70%
*14'A
PRICES
SALE
Wednesday
Feb. 10
v
$ per share
$ per share
,
No par
5
Feb. 9
.Feb. 7
$ per share
HIGH
AND
Tuesday
Monday
Saturday
STOCK
EXCHANGE
33%
May
70
Lowest
Highest
Lowest
$ per share
LOW
STOCKS
Range for Previous
38%
37 Va
37%
37V4
37'A
500
121/4
11%
12%
1,900
33%
33%
33%
3,800
39
12
May
18
Jan
11% Feb
13
13%
Jan
5
Sterchi Bros Stores Inc
l
12%
12%
12%
12%
12%
12%
12Va
34
Dec
49
Jan
33
Jan
30
39
Jan
2
Sterling Drug Inc
5
33%
33%
33%
33%
33
33%
33
104% Mar
88
100
15
*88
GO
89
88
88
88
88
88
88
400
*29%
30
29%
30'A
29%
30
28%
29Va
28%
29
2,600
13%
13%
13
13'A
12 Vs
12%
12 Va
12%
4,300
15V4
15
15'A
14 Va
14%
14%
14%
4,500
19'A
19 'A
191/4
*18%
19%
13
12'A
12%
12%
12%
4,800
18V4
16%
17 Va
17 %
17'A
13,000
88
Dec
30%
Nov
Feb
10
91% Jan
15
Oct
28% Feb
11
32% Jan
.9
Feb
36%
13% May
12% Feb
11
Stewart-Warner Corp.
Stokley-Van Camp Inc common
5% prior preferred
3Va%
preferred
Stevens
(J
P) & Co Inc
14% May
24%
Oct
14 % Feb
11
18
Jan
2
19%
21%
Jan
19 % Jan
9
20
Jan
8
10% May
y.
14% Jan
2
17
Feb
11% Jan
6
14% Jan
16
16
25%
Feb
16% Feb
11
21% Jan
5
Studebaker
Feb
11
11% Jan
7
Sun
Feb
9
19%
Jun
May
10% May
105
15%
51
May
114
Dec
Apr
9%
Feb
109%
July
common
Feb
9
51% Feb
13
Oct
113% Jan
31
75% Mar
125
97
97
Jan
Chemical
10
Class
A
Corp
common,—
12%
Sep
11% Jan
Jan
9% Feb
34% Feb
11
45%
11
38% Jan
9% Feb
5
11
18% Feb
11
Feb
11
Feb
38% Feb
Mar
17% May
13
24%: Oct
160
Jan
24%
May
May
36
Dec
47
21% Feb
11
18% Jan
24
43% Jan
18%
181/4
18 %
10
10
97
97
1
l
5o
17
17
16%
17
15%
16'A
14
14%
14%
15%
2,300
10
39%
39%
40
40
40
40
39%
39 %
39'A
39'A
500
Paper Co
16% Jan
19
Sweets Co of America
36% Jan
19
Swift & Co—
27%
Jan
11
22
Jan
8
Swift International Ltd
28%
Feb
18
Feb
11
21
Jan
5
Sylvania Elec Prod Inc com,,No
104% Mar
84
Jan
8
87% Jan
12
5% Feb
6
6% Jan
8
$4
Symington
Gould
20 Va
10 Vs
May
3% May
7%
$ per share
9% Feb
Jan
Aug
687/8 July
3% Feb
15 Va
Feb,
Saturday
EXCHANGE
Feb. 7
$
per
share
10% Jan
11
6
4% Jan
11
12
18
11
Jan
Talcott Inc
60 % Jan
(James)—
Telautograph
Tennessee
8
52% Feb
13
5
Texas Co
24
Dec
17% Feb
11
23
Jan
2
Texas
Gulf
58%
Nov
47
Feb
13
56% Jan
17
Texas
GUlf
21%
Jan
47 %
Dec
37% Feb
10
46'A Jan
2
Texas
Pacific
15%
Jan
34%
Dec
29
Feb
10
37% Jan
12
Texas Pacific Land
41
Jan
58%
Feb
45%'Feb
5
50% Jan
10
Texas &
13%
Dec
15%
Dec
11% Feb
16 Va Jan
10
18%
Dec
19%
Dec
19
Jan
5
12%
Dec
21%
Feb
11 Vs Feb
13
41
Dec
59%
Feb
39% Feb
5
May
9% May
17%
Feb
12% Jan
29
13%
Feb
12
60%
Dec
45
6% Aug
16% Jan
10
Sep
38
May
85
Dec
y
Feb
14%
Feb
24%
May
18
May
94
Oct
Jan
15
14'/8 Jan
8
10% Jan
Thermoid
8
Feb
5
47 Vs Jan
9
8% Feb
3
9% Jan
9
45
23% Jan
$2 Va
11
26
10 % Jan
8
''Thompson
11
48% Jan
9
i
7%
39%
Feb
85
Oct
25%
Feb
3% Feb
24
Feb
19Vb Feb
92
6
Jan
20
11
4'A Jan
27% Jan
2
13
Jan
-
Thompson
Trust,.
1
—
Dec
108%
Feb
95V2 Jan
2
Feb
11
21%
Feb
17% Feb
11
19% Jan
17
Tlmken
Detroit
53%
Oct
45
Feb
10
53 % Jan
9
Timken
No
10 Va May
15%
Jan
11
Feb
11
13% Jan
131/2 May
22%
Jan
17
Jan
2
14
May
20'A
Nov
15% Jan
5
% May
7%
Feb
51/4 Feb
99
Dec
■112%
Feb
121/4
Dec
15%
Nov
12% Feb
11
14% Jan
22
21%
Dec
38%
Jan
19
23
22% Jan
5
34% Aug
com—
104
Dec
i6
30
Nov
51%
97/s May
Feb
Jan
47
47'A
37 VB
38V4
4,600
321%
31%
32%
29
29
30 %
29%
30%
15,300
48
47
47V2
46
19%
12%
11V4
11'A
ll'/s
11%
41%
40
40%
♦40%
41%
12%
12%
*12%
12%
400
8%
8%
8%
8%
1,100
,42
*41
,13
*12%
*44
*9
9Vs
,
11
*42'A
43%
•85
87
3%
40%
-A
87
*851/2
*85%
y/3%
3%
3%
*23 J/4
241/2
*23 Va /
20%
20 Va
:
"*97% '
*97%
98V2
8
Transue & Williams Steel
6% Jan
2
Tri-Continental
10
32% Jan 21
17'A Oct
lQi/a Feb
11
14'A Jan
15% July
10
Feb
11
12
5
'
11%:
,' 20
5%
Twin
conv
Coach
19% / 20 , 1
341/4 .34V4
34%
Co
6%
301/4
30%
10%
93
*92
.93
•*6%
.,50
,
13%
;i3%'
19%
1
prior preferred
:
13%
.
10%
:
6%
*30
r;
-
6%.
•30%;
10%
y;
11
;ID/«
IDA
3,400
18'A
15%
101
101
2,300
11 Va
15%
5V4
5%
1021/2
18%
47'
11
18%
*•
15%
•101
100
y
"19%
*981%
101
'•
99
17%
47
17%
5%
480
18
19%
15%
.
10,600
46%
-17%.
5%
13%
%
%,.
19'A
*98%
99
11%
16%
*33%
19 VB
1.1%
■■
5%
*91
10
23
17%
46%
*15%
No par
1,000
2,600
45%
18'/a -19
■45-
5%
No par
19%
.
3%
*20'A
'97%
*97% -.98%
,
-
161/2
$1.30 preferred
$4.50 prior preferred—.
23%
•
2,300
„
87
3%
''._'
3,000
42
*86
3%
19%
•
5%
Twin City Rap Transit com,,No par
'10%
41'A
*20'A
*15%
,19%
♦10
3%
24
1
No par
19%
10'A
87
No par
No par
8%
87
3%
;
19%
87
19 %
Truax-Traer Corp
8%
19%
41
; 191/4
20th Century Fox Film com
%
420
45
8%
39%
;%i9%
•
98%
17 "A Jan
——„
19%
*10
♦42
1,400
•
20'A
11
•
8%
40%
*22%
25%
22
:
3%
43%
*42
.
9%
20%
•
'
20
,
► -
7
10%
*10
/
41%
19%
Feb
30
19%
10%
41%
44%
;;
9
.
20%
20%
*10
*10 J/4
9Va
8%
y-v*43%
9%
*9%
9%
20%
*20%
9V»; -a;
*44vy •45%.
45V2
A
*9%
13
*12%
13,
1
19
6
400
20%
41
Transcont'l & Western Air Inc,. —5
5
5,700
11%
2
12
19
*19%
9%
-10'
—No par
900
11%
19
42
20% Feb
Jan
11%
121/4
111/2
7% Jan
12
19 Vs
20%
11%
94
11%
12%
11
36 Va Jan
12%
>
*19%
7
common,.
46
46
12%
*12%
par
—2
2,500
201/2
19 Va
16
♦45
47
11%
46%
13
18
18'/»
17%
19
:41%
31V4
461/4
y-'V
12%
12%
I2V2
18%
27
22,500
49%
38%
46%
Jan
18%
49
37%
18%
6% Jan
Feb
52%
37%
46%
33'A Feb
24,000
42%
18%
92
y Feb..
52%
x41%
*41
._No par
preferred
52%
42%
*46 V2
$6
53 J/4
18
.—5
104V2 Jan 27
55Vt
52%
50% ; 51%
No par
10
2,200
20%
'
100
900
15'A
4
52 Va
Axle,,
Jan
Dec
7
preferred
Corp
41/4
15 VB
BIRTHDAY
19%
Bearing
tTransamerica Corp
Jun
48
93
$3.75
600
3%
15%
*121/8
No par
Roller
99
9%
3%
15 Va
4
*19%
.,50
preferred
preferred
15% May
Shares
share
9%
LINCOLN'S
10
9%
$ per
$ per share
for
52%
12%
—1
(The)
R)_————. .,15
40 % May
.
.50c
1
Tide Water Associated Oil
the Week
'
Product? com
cum
Sales
Feb. 13
161/4
4
15%
55%
Friday
Feb. 12
53
*46
.100
pref erred,
;u,——
Thompson-Qtarrett Co com—No par
$3.50
16%
Thursday
$ per share
10
10
4%
16%
PRICES
20%
31%
100
Co
Transit Corp_-No par
(J
*3%
2,200
Feb. II
$ per share
10%
10%
SALE
40
5%
Wednesday
Feb. JO
$ per share
55V4
HIGH
18 Va
85 V2
5%
55
*42%
Aft
5
24
•
6
5
,10
Oil
common
conv
AND
Tuesday
Feb. 9
18'/a
85Va
5%
52
Thomas Steel Co
2
19% Feb
10 V4 Jan
Feb
Co
div
39% Feb
Mar
<fe
common,—
Third Avenue
Feb
106
5 Va
54%
No par
$1.25 conv preferred—No par
Thatcher Glass Mfg Co common. —5
$2.40 conv preferred
—No par
The Fair
1
r:_No par
9
46/A Jan
13% Jan 15
11
Ino
Jan
16%
59%
3% May
20
8% Feb
'21
Coal
4,200
18%
86
18
*83%
5%
19%
Producing
Sulphur,,—
Pacific Ry
Textron
9
,25
6,400
5%
4%
16 J/8
5,500
18%
19
10%
*4
__5
200
32
18%
86 %
16V8
*10
—5
15
31%
18%
18%
Monday
% per share
.,,9
Corp,—
Corp
(The)
46% May
Jan
•Par
-
15
33
85
5%
LOW
NEW YORK STOCK
Highest
16%
18 Va
19%.
5%
5%
5%
<
86
*84
STOCKS
Feb
14
13% May
53% Sep
18%
19 Va
86
200
141
32 Va
33%
18%
*15
15'A
18%
19%
*84
1
Corp,—
15'A
33
19
18%
*19%
par
No par
16%
33%
141
141
141
33%'
34
34
19%
146
*15V4
16 Va
*15%
18%
preferred
Range since Jan. 1
10
(The),,4.16% '
25
Range for Previous
$ per share
2,000
19
*138
13
$ per share
4.200
19
18%
181/2
18 Va
20
147
13
Lowest
21,200
2,900
9%
20
18% Feb
Highest
9%
35%
9%
*140
Feb
Year 1947
9'A
35%
9%
20
15
Lowest
9»/2
34%
9%
Sutherland
6
Feb
9%
148
31% Feb
10%
9Va
34%
9%
10
35
20
Oct
5% May
60
*140
Jan
Dec
114'A
35%
9%
•
10
10
800
114 »/4
115%
25
21%
Dec
*114
5 DA
No par
37%
Dec
115%
5D/4
(The)—
Jan
18%
51%
52
3,400
98
*92
98
52
51%
36%
9%
*90
300
10
9%
10
9%
9%
98
*114
lO'/a
9%
9%
9%
9%
*90
115
36
36
36
10c
.17
52%
*51%
*114
10
9%
.,12.50
Jun
79%
98
52
14%
20%
9%
9%
*92
115
30%
.
18%
Superior Steel Corp
9
38% Jan
12%
of California
Superior Oil
13
160
fy 19%
13VB
52
Corp,,,,
Superheater Co
3
Jan
141
t
19%
13
19%
115
Sunshine Mining Co__:
101%
151/4
*19
13
100
Sunshine Biscuits Inc
13% Mar
Sunray Oil
15%
13
No par
cum)..
Jan
Jan
15 Va
19%
—No par
(4%%
32% May
8% May
7%
1
20
1
common
pfd
13%
13%
No par
$4.50 series A preferred
*83
5
(The)
Corp
Sun Oil Co
6
58
'
Stone & Webster,
2
117% Jan
_j,
JA
5%
9,800
15%
200
5%
5%
12,100
12%
19%
12%
19
19% T 19%
18%'
*15%
,
♦98'/2
100
:
4,800
19%
19%
70
100
12%/
;,19%
: c
4.100
10,300
>
33%
:'£ 33%
34
33%
33%
33'A
,92 y
/'//.' 6%
92
92%
92%
*91%
6%
6%
6%
6%
*30%
30%
*30%
30%
20
10 %
10%
10'A
10'A
2,700
y
6%
30
30
10%
10%
>•
1,100
93
200
1,000
U
12
Dec
43 % May
Udylite Corp
Jan
_1
10 V2
58%
Feb
46% Feb
10
51% Jan
Underwood
May
15%
Jan
10% Feb
4
11% Jan
48%
25% May
37%
Oct
27% Feb
11
34% Jan
93 Vi Jan
Union Bag & Paper
Union Carbide & Carbon
89 %
Jan
110% July
Corp
10%
10%
30
301/4
No par
22
102
Jan
Dec
115
Mar
106
Jan
2
109
Jan
23
91%
Dec
106%
Sep
91
Feb
9
91
Feb
9
Preferred
85
Dec
104
Jun
86
Jan
6
Jan
24
Preferred
series
No par
*88 %
20
Apr
27
Dec
21% Feb
11
26% Jan
2
Union Oil of California,
25
22%
2
Union Pacific RR Co
105
120
Apr
97% Nov
30
May
Jan
19
165
101% Jan
164%
Dec
111
Feb
98% Jan
22
Ffeb
31% Jan
26
38%
For footnotes
see
page
152
24.
90
35
Jan
Jan
.
2
15
Un El Co of Mo
4%
Union
$3.50
non-cum
Tank
No par
pfd $4.50 ser__No
$3.70
common
preferred
Car
par
series——No par
100
10%
10 Vs
10%
10
10
10%
47%
48%
5
Union Asbestos & Rubber Co
9 %
10%
IOV2
No par
(The)—
48
46%
47%
47
47%
47%
10 Va
10%
10%
10%
lO'/a
10%
1,100
28
30%
27%
28%
27%
28%
6,700
94%
95%
8,200
108%
108 %
80
301/4
95V4
941/2
95%
107%
107%
*108
92%
91
*90
158
100
99%
No par
33%
22%
22%
160%
158
30%
93%
96
108%
^
*88
90
91
-
1 90
23 Va
161
95%
,
10'A
,/47
93%
107%
95
107%
108
91
91
*90
92
86%
88
*86%
88%
22
22%
158
160%
99%
99%
99%
34
34%
34%
34%
1,800
'
108
991/4
100
33%
•
*10% "10%
21%
155
99V2
x33
,
22
157%
*90
92
*86%
88%.
21%
155%
22
1,600
50
90
10,100
156%
2,300
99%
99
99%
1,100
33%
*33
33%
1,600
Volume 167 Number 4673
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(763)
NEW YORK STOCK RECORD
Range for Previous
STOCKS
Year 15)47
Lowest
-
Range since Jan. 1
v
Lowest
Highest
-
NEW
"'r
Highest
YORK
LOW AND
STOCK
Saturday
EXCHANGE
:
HIGH
Monday
SALE
Tuesday
Feb.»
Feb.10
Feb. 7
PRICES
Wednesday
"
Feb. 11
Thursday
Friday
S per share
16% May
102
25 Va
Dec
115'A
Dec
75
$ per share
$per share"
't
22% Feb
10
26 % Jan
17
sep
28%
105% Jan
6
107 '% Feb
3
6
18% Feb
2
United
16
120%
Apr
77% Jan
12
86
Feb
2
Sep
24%
Nov
19
22.
22
Jan
29
Jun
35
Dec
26%
Jan
33%
Nov
Feb
5
31% Jan
6
3%
Dec
8%
Feb
3% Feb
11
4 % Jan
2
Jan
48% Feb
10
2% Feb
11
Feb
13
Jan
Air
4%%
United
Lines
cumulative
Dec
2%
Dec
41
■'i
83
4%
Dec
5%
Dec
5
United
35
5
United Carbon
Jan
10'A
Dec
15% Jan
31
29
53 % Mar
65%
11
29% Jan
1
95
40
Feb
5% Feb
Jan
55
Jan
13
United
29
6% Jan
Board
&
Carton
$3
Corp—__10
65
Feb
10
70
Jan
9
Oct
16%. Feb
13
20
Jan
17
United Electric Coal Cos
33
43%
Jan
37% Jan
21
42 % Jan
29
United
Engineering & Foundry
44%
Jan
59% July
48
20
Dec
24%
Jan
20% Feb
13
22 % Feb
2
United
Gas
12% May
19%
Feb
14
Feb
13
16 % Jan
17
United
Mereh
21% Jan
5
15% May
91
23%
Dec
17% Feb
10
Jan
90 % Jan
7
20%
Oct
15 % Feb
11
Feb
92% Feb
11
196% Mat
Dec
56% Jan
11
107%
May
171v *■
Oct
106
12% May
86
Feb
170% Feb
6
97
United Fruit Co—
12
Jan
U S &
12
18% Jan
8
105 %
Jan
Jan
S
U S
23
82%
80
80%
LINCOLN'S
20%
19
19%
BIRTHDAY
12%
13
31%
30
31
12'A
30 Va
30
30
30
20%
xl9%
13%
*13
13%
31%
30
*53A
2%
2%
*53A
7%
16%
17'A
*38
39%
38%
38%
38'A
39
50%
51
48
50%
481%
49
48
48%
21%
22
21%
21%
21
21%
20%
21
2.400
15%
15%
14 Va
15%
14'A
14 Va
14
14%
8,000
17%
5,800
49%
50%
*213A
22%
15 %
15%
>
183A
17%
18%
17%
17%
92
*91%
92
91%
91%
92
92
*91
92
17%
*16%
18
16%
16%
15%
15%
*15%
16'A
200
95'A
95 %
95 %
94%
92%
94'/a
93%
94%
2,100
173%
*170%
173'%
95 %
preferred—100
Hoffman Machine Corp—
5
*170
18%
18%
.
14
72
*71
72
35
35
36
36
Partic & cbnV-class A-——No par
U S Lines Co oommon—„-1
*170%
14
*71
16%
18
Feb
11
21% Jan
2
9
Jan
15
9% Jan
8
Jan
24%
Oct
Dec
9%
35
10
Apr
46 %
Oct
May
46%
Dec
*
39
39% Feb
49'; Jan
13
Feb »
Jan
73 K
23 Va May
Dec
92
d
25% Feb
11
40 %
Dec
103% July
60% Feb
127%
Dec
165
preferred
13%
38% May
Feb
5
Dec
48%
Mar
\5%
38
Jan
2
40 % Jan
prd
cum
11
5% Jan
6
10%
8% Feb
52
Feb
22
Feb
11%
40 %
11
10
Jan
v
4% Feb
5
27
34
13
Feb
4% Feb
11
19% Feb
Dec
11
Feb
6
5% Jan
United
8
5% Jan
Jan
conv
4%
Wall
2
preferred—T_—50
•
30
1.100
18%
19
9,700
9%
*8%
9'A
41
39%
40%
52 Va
51%
51 Va
300
26
26'A
26%
4,200
133%
18
5%
5
9%
9%
9%
*90%
*150
,;5
,
152 Va
163 % Jan
5
29%
Feb-
12% Feb
13
14% Jan
7
Universal
91 %
Feb
57
Jan
28
64
7
4%%
8%
*4%
preferred—(A—-----—-—100
Pictures Co
Inc
1
com
preferred
*16%
43A
4%
*20
:
43
69
V. 133%
133 %
1321/4
133 Va
2,200
17%
18
38%
4%
5
9%
87/a
9%
*90'A
17Va
95
*90 %'
.=
4%
;
4%
153
41/4
19%
153
*152
'
13'A
13
13
12%
13
57
57
57Va
58
58 Va
58 Va
'
4,100
95
4%
30 Va
2,600
33
16
,
16
200
4'A
155
4%
1,100
*19%
20
12%
270
2,200
9 Va
4%
*
••
"4%
19%
900
*152
12%
x57
2,900
'
5
*90'A
4%
17
20'A
17%
39%
5
9%
34
*16
v
17%
*38'A
r
;
95
4%.
*30%
16%
20
152
•
34
16%
4%
-
'.'.5
4%
*31
100
35,700
38 %
.
3,600
69%
5'A
21
152
■
'
5
400
68%
17%
-
8,500
69%
39%
13 Va
100
42%
*67Va
69
50
40'A
132
68%
I
*38%
34%
"
39%
43%
2.400
90
131
17%
95
A
*31%
-
39%
42%
'
*87
132
*67
133
38%
4%
1
1
134%
5%
33%
38%
71%
.17%
90
132
69
1 38*%
.,
95
*31%
44
'
69
; 20%
Dec
43 ■)
9%
*9%*
*90%.
4% )
'
40%
5%
39
*20
Dec
Jan
30
18%
*87
133%
j. 18%.
*5%*
Universal Laboratories Inc——_1
Universal Leaf Tobacco n'ew_No par
14
13'A
150
30%
25%'
90
*67
1,500
6
41
132%
69
10
6 Ve
6V2
*51%
72%
800
800
18
26%
71%
"
*8%
52
39
44
*67
*16%) 17%
56%
1
'
12%
72
34 'A
34'A
30 Va
9 V*
*132
133
.;-
44
67%
*38'A?
Paper Inc common!—2
conv
133
Universal-Cyclops Steel Corp—_1
Dec
Mar
*6 Va
41
Va
*87
41%
40%
...
44
%;
*18
25
Corp——
preferred-i-—___Nopar>
cum
163%
192
preferred
40%
71%| 72
134%|134%
United Stores $4.20 hon-C 2d pfd„5
21
23
non-cum
$6
5
Jan
17% Jan
7%
United"Stockyards
13
16
67
.
136
*43%:
50
par
preferred SA——7——_ul00
5
97% Jan
com—50
——
Corp common-—No
U S Tobacco Co com——_No par
8
29
31% Jan
"
Feb
23%
Jan
preferred
140% Jan V9
1
93
Jan
Dec
.
Smelting Eef & Min
V/p
U S Steel
9
4% Feb
Dec
Dec
9
Feb
May
20
13
19% Jan
109% Jun
4 Ve May
U S
30
13
Oct
x33%
Jan
Jan
10
Feb
Dec
47
70
78% Jan
17% Feb
8%
96%
6
132 % Feb
12%
87
*131
Feb'
Jan
87
13
7
Jan
90
137% Jan
11
5
26
2
68'A Feb
8
52
27%
*87
66'A Jan
34%
19%
.
41
53
27
series A—l-j-IOO
41% Jan
38
42
*52
26%
U S Rubber Co common.——lo
8% non-cum 1st preferred.
100
Feb ~
-
42
53%
26 %.
tf'.'3%%
Dec
23
41%
53%
2
81
150
*8%
x30%
*71
34%
100
174
*12%
71
31%
18%
9%
9
51% July
Nov
19%
*8%
45% Jan
80
•xl7%
32
19%
9%
90% Jan
Dec
Dec
32
19%
12%
71
6%
32
41%
*171
12%
35%
6
19%
6
Feb
6%
174
13
35%
*8%
11
130
6%
*171
17'A
72
32
4'/apreferred———
—10
S Pipe 8S Foundry—
—20
U S Playing Card CO——]
10
U S Plywood • Corpccommon—__i.-l
38% Feb
61% May
133
6%
173%
12%
*71
•
87 A Feb
-
13%
*6%
U
7'
33 % Jan
%
-No-par
10
53% Feb
,
S
"
67
16
45% Jan
13
10,100
18%
4 %
Jan"- 5
70
500
*16%
—100
•
400
4,000
*91%
U S Industrial Chemicals—No
par
U S Leather'Co common-
36
5%
62
No par
72
13
5%
*58
—^-...Nopar
preferred
13
10
1,800
39
11
Feb
70
36,900
39
11
Feb
2'A
41
393A
Feb
6
2 Va
40
6
12 % Feb
30
2%
41%
4,800
A
50
17%
34% Feb
Oct
2 Va
41%
200
3%
3%
*49
62
71
Nov
3%
49%
17%
Feb
9%
3%
600
2,800
*3%
Feb
39%
29
*57%
Jan
Jan
30
29
18
53'A
25%
29%
30
65
94
>5% May
30%
2,100
1,900
;
17%
33%
U
12%
65
Dec
2
12%
18%
Dec
21
12%
14,500
v;
66
Dec
Jan
19%
A
18
13%
42•% Jan ;. 9
8% Jan - 7
81
19%
A
66
37
'14% Jan
80%
49%
5%
11,200
107 Va
■
18%
2%
5%
23 3A
23%
*106
17%
41V4
41
6%
23%
18
71%
»
2%
'
*29
50
48 Va
42
22%
*106
3%
■3%
51
41%
6%
v
3%
51
4
for
Shares
68%
18'
*39
5
3%
2%
42
*67
;
*28%
52%
2%
18%
31%
'
3%
42
com——1
Foreign Securities-
80
84%
20
No par
Mfrs Inc
17%
82%
Improvement Co___13%
&
108 Va
16%
$ per share
Freight CO——L-.U-—No par
Gypsum Co common-.
,-20
$4.50
U
12
175
7
5
5
-
-
17%
20%
*51
United Dyewood Corp common——1
7%
preferred
.in.,
—-.100
5
Jan
19%
24%
107V2
16%
82%
3%
$ per share
22%
20%
*28%
S per share'
*105%
109
17%
*31
1
—,
—
24%
*1063A
17%
*13
.
100
Corp common——i
23%
109
$ per share
per share
,:'8l%
1
Co—1—-A--—No
preference.
24%
24
the Week
'
^ $
1
17%
100
preferred
$ per share
*106%
-No par
J—
11'A May
May
i
common—10
preferred
$3.50 convertible
5
Jan
;
par
United-Carr Fastener Corp—No par
United Cig-Whelan Stores com—30c
5
2% Jan
43
Inc
Biscuit Co
12% Feb
50
•
United Aircraft Corp common..
5
5%
convertible preferred——100
Jan
Apr
!.28%
'V^V
Par
Dec
no
Dec
1.18%
2
.
Sales
Feb. 13
Feb. 12
*
$ per share
155
12'A
58
20
12%
*58 Va
1,800
89
180
-f, yr
,
13 % May
22
14%
Dec
Feb
14% Feb
10
16% Jan
27
18%
Feb
12% Feb
13
14^4 Jan
5
22
Feb
13
26
12% May
26% Dec
20%
Jan
12% Jan
2
39
Feb
84
NOV
94%
Feb
85%
Nov
Dec
Feb
13
86
Feb
Feb
10
47% Jan
2
Nov
2
16
7% Feb
11
93
Feb
11
10% Jan
106
Jan
Oct
121
12%
13
'new———10
12%
13
*23%
24
*23 %
24
22%
22 Va
22 Va
22
22
*12%
13
12%
12%
12%
13%
12%
13
13
13
*25%
27
26%
26%
25%
25%
X24%
25
24%
25
*85
92
92
*82
92
92
86
86
42
43'A
43'A
89%
89%
89 Va
Raalte
Co
14% Jan
7
16 3/8 Feb
Feb
109
Jan
Jan
6
7
Dec
45_
Feb
35% Jan
6
31%
Dec
40
Jan
30% Feb
10
5
114
Jan
20
Jan
8
Jan
Jan
Oct
38
Feb
32
Feb
10
34
Dec
33%
Nov
30
Feb
11
32% Jan
Aug
33%
Oct
32% Jan
13
32% Jan
92
92
*85
42
42
42
A89
1%
cumulative
Range for Previous
8%
"
8%
100%
Range since Jan. 1
Highest
Lowest
$ per share
NEW
Highest
$ per share
YORK
4,700
700
16%
12,200
16%
15%
16'/a
113%
113%
*113'A
*17%
18%
100
*36
36%
200
,*18%,
18%
*
18%
18 Va
18 Va
-1*36%
37%
*36%
37%
36%
36
30%
30%
30%
30%
18%
37%
37'A
-
V*30
32%
20
"30
32Va
*30
32%
32
33%
*31%
33%
"
...
33
•
18 Va
32
.
31'A
600
32%
*31
32
32
900
32%
30
30
*28%
30
30
*30
32%
32
*28
32
AND
HIGH
*28%
SALE
Tuesday
Feb. iK
$ per share
*30'A
90
32
■
Monday
Feb. 10
Feb. 7
'/a
114
*30
33
LOW
Saturday
Par
7%
16
94 Va
'
113%
32%
•
95
7%
*91
300
100
15%
*30
A
*87
7%
93%
30
-
*113%
_20
& per share
95
7%
93
1,100
16 %
*18%
STOCK
*87
»%'
98
600
4,500
113Va
*31%
EXCHANGE
•
1,300
Ve
16 Va
STOCKS
Year 1947
95
,
7%
98
*89-.
-700
113%
25
preferred-.
89%
14%
16 Va
—
„5
v
14%
113%
common
Visking Corp (The)
Vulcan Detinning Co
8
*89
*87
100%
8%
16
89Va
95
*87
102%
*113%
pfd—25
preferred—.
15
*82
*85
43%
8%
preferred——-—-—100
6%
13
share
*82
92
*42
*99
Virginian Ry Co common——;-25
5
30
92
*85
43%
95
8
:23
92
89%
Va Iron Coal & Coke 4%
•
*85
*87
$5
37% Jan 30
34
*85
:
*42
*88
27
30
$ per
2.50
6% div partic-preferred—A_L-100
Virginia Elec & Pwr Co com—No par
10
34%
Lowest
Ihc
preferred 2nd series——100
Va-Carolina Chemical com-—No par
8
Nov
16%
13%
3%%
18
31
89% Jan
" 13%
14%' ,15
13
13%
14%
13%
Victor Chemical Works common—5
3% % cumulative preferred—100
Oct
112
Dec
87% Feb
15Va
13%
Vicks Shreve & Pacific Ry com—100
5% non-cum preferred——10o
13
42
10%
Nov
107%
86
97%
May
14
Jan
15 Va
Vick Chemical Co—
6
Nov
104% May
5 % May
69
29% Jan
15%
Vertientes-Camaguey Sugar Co__6Va
10
94
Dec
95
11
<v;.
*15%
Van
23
50%
35% May
85
x24% Feb
Jan
14% Jan
,
Vanadium Corp of America—No par
Van Norman Co———
2.50
$ per share
,
32
PRICES
Wednesday
Thursday
Feb. 11
$ per share,
Feb. 12
$ per share
$ per share
Friday
Sales
Feb. 13
the Week
$ per share
for
Shares
W
57
Apr
75%
Feb
63
Feb
11
66
Jan
2
Wabash
13%
Apr
17%
36%
Jan
14% Jan
21
15% Jan
8
Waldorf System
Feb
11
32'A Jan
23
103% Jan
22
29%
100
Apr
Dec
109
xl7Va May
7% May
10%
x30
July
100% Jan
9
24%
Jan
13%
Feb
8% Feb
11
10% Jan
Feb
11% Jan
22
12
106% Mar
11
85% Feb
15
12
Dec
18%
Feb
10% Feb
10
May
36%
Nov
25% Feb
5
20% Feb
19%
Dec
21
Jan
Jan
Jan
5
5%%
8
Warner
91
-
Jan
25% Jan
5
20% Jan
5
Feb
17% Jan
23
19
Jan
10
Feb
18
Feb
10
21% Jan
2
41
Dec
,
Feb
25% Feb
13
30% Jan
2
22% Feb
4
5%
Dec
12%
Jan
5
Feb
10
6% Jan
Jan
52%
Nov
39
Feb
11
48% Jan
80% Feb
13
20% Feb
11
86% Jan
24% Jan
13% Feb
13
83% May
90
Feb
21% May
34%
Jan
105
Dec
117 Va Mar
.
106
Jan
2
;$4
6
108 % Jan
20
121%
Jan
114% Jan
5
117% Jan
13
Dec
112%
Jan
104% Jan
9
108% Jan
23
Dec
116'A Aug
105% Feb
11
110% Jan
6
39% Jan
19
Class A
32% May
47
Oct
113
Dec
Jan
-
5% May
38% May
•
10
>/a
103
Feb
10
44
Jan
4
6% Jan
2
8% Jan
29
35% Feb
13
44% Jan
10
8% Feb
10
11% Jan
10
9% May
t
5
35% Jan
10
h'4%
32
28
Western
,i
26 %
Dec
Dec
90
•>
— *
•
17
1
V
••
•
Feb
Mar
26%
May
-27% May
11
12
Jan
105
Dec
Dec
Nov
18% Feb
11
Oct
32% Feb
Dec
v.31
88
30
28% Feb
Sep
38%
22% May
V
94%
'
26% Feb
69
Jan
72 % Jan
15
'
"»
i. ;"Vr, »'•
Dec
42%
65
•
25 Va Feb
Aug
106% July
55
Jan
85% Feb
20% Jan
5
13
37 Va Jan
8
11
30% Jan
5
11
S4
Jan
10
91 Va Feb
11
98 Va Jan
9
30
11
32% Jar,
2
Feb
•ii26
May
:82%
43% Dec
Dec
102% July
•62% Mar
1
1
-99
<
.'
•
■
May;',
31
90
Dec
'i
53%
34% Feb
7
43% Jan
2
85
Jan
5
90% Jan
28
80
Jan
5
Feb
99% Jan
22
100%. Jan
Oct'
38
Feb
5
47 V2 Jan
86
101% Mar
footnotes
<1
Jan;/7
5%%
conv
86
110
11
Nopar
26%
26%
10%
27%
18,800
25%
26%
25%
26
conl—3
22%
25%
23
25%
700
x20Va
Nopar
*22%
22%
11,200
*18
19
-5
Feb
19
Feb
11
23% Jan
White
Motor
Feb
10
Feb
11
12% Jan
White
Sewing
90
Feb
27% Feb
Dec
page 24.
9
Feb
6
90
3
28% Jan
15
11
11% Jan
2
Feb
$4
conv
Prior
Wilcox
Oil
22%
22%
18%
20%
20%
20%
22%
22
22
21%
21%
18%
18
18
18
18
700
*18%
19%
400
20
19
19
18
19
18
18
27%
27'%
27%
27%
26%
26%
25%
5%
5%
5
5
5
5
44%
44%
83
84
44%
84%
22 Va
'.."21%
5
41
5%
44
39
40 Va
39'A
82%
82
82
80%
82
21
21%
20%
21
20%
14
14%
13%
14
13%
21%
13%
*108
109%
14%
15
109
*115%
116%
*104%
105%
*104%
105Va
*104%
105%
104%
*105%
106 %
*105Va
106 %
106%
106%
105. Va
42%
42%
42%
104Va
104Va
-
*7%
*
7%
*38 Va
14%
15
108
108%
115
115%
*103
;7%
?■
39
38 %
115
43
104
42
..
103 )
.
7%
39
115
42%
103;
7%
38»/a
,
9%
9%
9%
9%
/
26Va
27Va
27Va
27
27%
A
30
30%
30Va
28%
28%
A———i.100
*68
71
19%
.
preferred
19%
*68
19
8-V2
*25-
108
90
115
115
100
105%
105%
106 %
106'A
7%
35%
8%.
•
29%
900
69%
69%
69%
69%
200
'
69%
19 Va
18%
19
o
34
34%
25%
26Va
86Va
86%
86%
86%
87
85 Va
94»/a
94V2
93
94
91Va
31
30Va
30%
30
30
35
34%
35
35%
35%
34V*
*88Va
com——100
*80
100
100%
40
35Va
35
88 Va
88 Va
86
100%
*80
*100'/a
40%
41
87%
87 Va
*26%
27%
*26%
*20
par
20%
20%
*86Va
1
1
11%
X33
25%
33 Va
18%
32%
25%
HVa
10%
89
86
101
89
*80
*100%
89
*78 A
*101-
•
86%
240
93'A
800
30%
30 Va
36
36
88
85
102
*78
88%
85
38%
40>/4
38%
39%
86%
86 Va
87%
87 "/a
86
86%
*26-
26 Va
25%
25%
400
19-
19'A
19%
19%
1.800
4,000
27
20%
11%
26
19'/a
lO'A
26%
20
10%
39'A
10
10'A
10
10'A
91%
*90
91%
*90
91%
*90
91%
*90
91%
*27
27%
*26%
27%
*26%
27%
*26%
27%
c 9%
10%
;9V4
9%
9%
•
''
41%
*90
9%
340
.'
>87%
106
20
(
400
1,300
*100%
38%
Nopar
.-^————5
6,400
4.500
18,600
*91%
'91%
88 Va
86
101
19
26%
86
87
900
33
25%
'
f
6,000
27
*28%
35%
*30%
9'A
*25%.
28%
26%
31
1.500
2,100
27 Va
34%
94%
9
40
7%
36
28%
25%
,
103
7 Va
34%
94%
2,200
36%
26%
*30
120
40
103
103
••
40
107
40
40%
26
.
;
19%
...
8%
*105
104'/a
86 Va
-100
100
com
19%
69%'
:
3G0
5,700
9,700
115
34 Va
-
—No par
Machine
*68
<:
...
7.%
X36-%
8%
3,400
108
--
40
103
7%
.37%
....
.
108
116
30
(
700
1,800
39%
x82
22%
*108%
.
GOO
26'A
5%
22
par
1,600
18
26 Va
Ry
11%
.
28%
44Va
com——100
com
Co-
Co-
20%
22%
■,
84
prior pref——_No par
(The S S)
20
preferred
23
*22%
*18%
11%
*85.
5'A
,
White Dental Mfg
conv
22%
12
*19 'A
1
Wheeling Steel Corp com—_No
$5
*26%
11%
*27%
5'
-
preferred—
Feb
see
86
10%
—i.-—i.i.4No par
Feb
12%
86
10%
12
Nopar
preferred..
Wheeling Ac L Erie
27% Jan
17%
90
86
11
pfd_———100
$3.75
92 A Jan
29"%
For
90
Common
13
9% May
,34
11%
86
10%
Instrument-——12.50
13
Feb
.
11%
86
pfd: series
cum
Elec
4,100
HV4
cum-pfd series A__
3.80%
Weston
2,000
8%
12
Westinghouse Electric com—12%
3%%
310
20'A
8%
11
Western Union Teleg class A_No
par
Westinghouse Air Brake—l—No par
Feb
34
84
July
29% May
5% May
series
25% Feb
26% May
19% May
.
Preferred
102%
20
86
-
Ry
RR
8%
900
12
—
2nd
Pacific
19%
8%
300
11 Va
Westvaco Chlorine Prod—
Dec
76
.103
May
»
Maryland
*101%
19%
9
200
15
85Va
-A—————_No
non-cum
20%
65
30
30
12
-
Western
9
.
11
5
—
Jan
xl9%
14%
85%
—10O
-
———100
Jan
102
9%
——100
Dec
xl02
20%
9Va
preferred—
9%
32%
103
20%
preferred--.
75%
May
*14'A
*102
9Va
6%
•
*62
BIRTHDAY
103
20%
1%
12
LINCOLN'S
14%
30
9Va
West Penn Power 4%%
pfd_.
(_100
West Va Pulp & Paper com
No par
4%% preferred
—100
Western Air Lines Ihc
—1
Western Auto Supply CO——-10
5
105% Jan
63
x30
*20%
1
63
14%
31
Nopar
*102%
103
64
14%
31
Nopar
Nopar
Sugar Corp—4_——l
Elec Co
(Thfr) —No par
Penn
64
15%
102%
preferred-—
Indies
West
Nov
105
conv
West
66%
31
100
—
Webster Tobacco Inc——
-5
.Wesson Gil & Snowdr com_—No
par
9
106%
31
preferred
19
103%
112%
;*14%
Bros
Jan
17*
*64
15%
31%
Wayne Knitting Mills-'
Wayne Pump Co_
;
5
66
*14%
Waukesha Motor Co
2
37%
*64
*30%
Pictures—..
Warren Foundry & Pipe
Warren Petroleum Corp new
Washington Gas Light Co
2
23%
Sep
100
-Nopar
;
Walworth Co——
Ward Baking Co common
13% Jan
32
preferred
common—No par
Co
preferred.^.
Walker (Hiram) G & W—
29
26%
17% May
30
Jan
10
22
4%%
4%
8
19% Feb
21
20
Walgreen
2
19%
Dec
Dec
88%
Feb
RR
•
9
•
v/A;
20
4,200
90
— —
u'
27%
27%
100
9%
9%
1,000
23
24:
THE
(764)
COMMERCIAL
Monday, February 16, 1948
CHRONICLE
FINANCIAL
&
NEW YORK STOCK RECORD
Range for Previous
*
Year 1947
Lowest
t per share
NEW
Range since Jan. 1
Highest
Lowest
'$ per
t'per share;
$ per share
.
"
•
'
•
Highest
YORK
STOCK
share
Saturday
v
EXCHANGE
'
Feb. 9
Feb
...
.
PRICES
Thursday
10
Feb. 13
the Week
$ per share
.
$ per share
Sper share
t per share
*
$ per
•.
share
Shares
„
■
6% May
Q
Feb
7% Feb
643A
Oct
13'/a
9
9'A Jan
10
51% Sep
10% May
88'/, Dec
51'A Feb
11
58
17
Oct
12% Feb
11
Jan
84% Feb
10"
88'A Jan
16
20
Nov
163A Feb Il¬
19
Nov
ls
Feb
10
145 ya May
$4.50
16'A Jan 21
99
Willys-Overland
Jun
15 y, Dec
135
Oct;
v
Jan
29
21
8
Wisconsin
No par
Wilson-Jones Co
9
xl38
xl38
Jan
13
Jan
13
35
Dec
28
Feb
5
33% Jan
2
May
53
Feb
43% Feb
11
47 '/a Jan
Feb
53
Feb
13
64 ya Jan
5
81'/2 Feb
4
89
8
El
—1Q
—
,
,
common—10
Co
Pwr
V
75
Dec
Apr
78'/a Jan
5
83
Dec
;100
Feb
82
Feb
13
Dec
80
Feb
58
Jan
5
*
62
Nov
8
94%
May
Jan
6%
Wright
Wrigley
Aeronautical
(Del)
61% Feb
13
67% Jan
13
Feb
8% Feb
10
10% Jan
15
45
Jan
28 % Feb
6
34% Jan
2
16 3A
Feb
11% Feb
11
13% Jan
10
York
50 Vi Mar
39'A Feb
11
43% Jan
19
preferred
Young Spring <fc Wire—
-No
Youngstown Sheet & Tube—No
Youngstown Steel Door
No
70'4 Mar;
■,
(Wm) Jr
—
Worsted Co
Wyandotte
-13%
13 /
13%
12%
13
*84%
85%
>84%
84 %
*82 '/a
*17 'A.
173/4.
17
17'/4
15%
15%.
15:%
15
15%
*132'/a
139
■
♦132%
139
29
30%
31
443%
44 %
44%
*56
56 3A
56%
563A
v"-354%
803/4
80
80
44 y»
t
*85%
*85%
62
'
63%
63 %
*9%
9%
9%
*85%
60
■
'
%
•
*
7%
11,700
53%
500
11,400
13
12%
,
-
100
83%; f
LINCOLN'S
*82'/a
83%
16%
BIRTHDAY
*10
16%
700
15%
15%.
15'%
7,500
15%
,
43%
56
53%
79
79
87
83
85
58'
58
62
63
-f
-
63
;
•
-
•
54
.
V
V
.
*'
.-
.
•
.
■'
V
.•
.y
x
v
.v
.
'
-
•
"
•<
4".
'
V
61
•"
'
.
80
30
62
1,100
1,900
8%
8%
"
■
7;
120
61
.
613i
\
2,000
82
82
.
9,200
,
80
*77%
^
«v
9
83A
9%
t,,
.
4,600
29%
44
55'/*
80%
29%
43 %
53
29%
43%:
V'.
139
*132%
29
r
44%
83A
-
■
*132'/a. 139
30% :
60
63
63%
9%
y9
80%
v
61%.
*63 'A
:
-
87
*59 '/a
87
.*58 3/4.
,
t:
16%.
.,*■
139
433/a
.
No par
No par
,-d
18:,/a
.*
13%
,•80
Worthington P Sc. M (Del)—No par
Prior pfd 4%% series
100
Prior pfd 4%% conv series—100'
643A Jan .19
513/s
8
8%
30
=
>
51'A
*51'A
7%
53
173/4
/
30
„_10
(new)
Co
Iron
7%
52%
86
15%
*132%
—.—100
preferred
Woodward
ft
8
53 Vi
133/4
*84 %.
*17%
,
15
68'/a
48 V4 May
53
preferred
Jan
17% Jan
19
Dec
,
31'A
43
$4.23
7%
53%
5
133/4;
No par
Wilson & Co Inc com
7%
8%
55%
8%
♦53'%
torn
pfd-series A.
conv
1
No par
Motors
for
Sales
Friday
Feb. 12
Wednesday
Feb.Il
Tuesday
«,
,
'
t per share
<
PW
'
/■
'
Monday
...
Feb. 7
,
SALE
HIGH
LOW AND
STOCKS
v
Y
33 Vi
Aug
IO'/b May
Dec
373A
23%
16'A Feb
10
21
Jan
66% Feb
10
79% Jan
2
Feb
15% Feb
10
18 '/a Jan
Si
2
Mfg
Towne
Coip
4'/a %
5
Oct
21%
.
Oct
83
14 Vi May
53 % May
15
May
Yale
Co
23
__
_
_
common
cum
29
283/4-
\
12'A
*41
.
43
12
12
42
.
29
29%
29%
*12
1
_5Q
42
28 Vi
29
11%
12
11%
39'A
-,
900
29
29
28'A
11%
41%
*40
ll-A
> 2,800
H'A
39'A
3:.
39 'A
39'A
300
par
17'A
17'A
17%
17%
16'A
16%
*16'A
17
16 Vi
16%
800
par
69%
70%
70%
71
66 3/8
693/4
66 %
68
67 'A
68
"A
10.700
par
*16%
16%
*16'/a
16%
15%
16%
15%
"15%
15%
15%
1,500
20
20'A
4,800
5'%
3,800
.
..
1
»'(
i
Z
1
-
14'/a May
5 s/,
♦Bid
and
July
10%
asked
19% Feb
11
23% Feb
2
Zenith
5% Jan
13
6'/, Jan
2
Zonite
Products
No par
prices;
Jin receivership,
sales on this day.
no
21%
5%
: 5%
5%
Corp
Deferred delivery,
a
213A
1
Radio Corp
Jan
25
Jun
21%
n New
stock,
sale,
r Cash
21%
19%
20'A
53A
53A
5%
53/a
5%
Special sales,
s
20'A
22
wd When distributed,
5%
y Ex-rights.
Ex-divldends.
x
Transactions at the New York Stock Exchange
Transactions at the New York Curb Exchange
Daily, Weekly and Yearly
Daily, Weekly and Yearly
Num.ber of
united States
Total
Foreign
Government
Bond
Bonds
and MiscaL
Bonds
Shares
Week Ended Feb. 13,1948
Int'l
Bank
Bonds
Railroad
Stocks,
faturday
331,820
$1,324,000
654,830
2,590,000
Sales
298,000
;
408,000
300,000
14,000
928,160
2,955,000
$5,000
4,908,000
$15,726,000
3,314 000
47,000
312,000
4,859,710
$1,373,000
1947
'
6.0C0
20 000
323,000
293.000
5,000
8.000
306,000
239,050
193,000
1,159,700
$1,061,000
Holiday
9,884.200
9,952400
16,500,000
135,997,000
162,075,700
$17,700,000
$148,011,200
$171,847,800
'
Jan. 1 to Feb. 13
6.944,069
14,126,511
$1,061,000
$1,053,000
$7,541,000
$7,135,000
Foreign government
50,000
65,000
1,018 000
1,003 000
32,000
11,000
298,000
65,000
$1,143,000
$1,129,000
$8,857,000
$8,203,000
Domestic
Total
New York Stock Exchange
«»
-
WEEKLY
YEARLY
-
Interest"—except for Income and
week's range, unless they are the only transactions of
of such sales In computing the range for the year. - - *
.Figures after decimal point represent one or more 32d of a point.
r<
LOW
GOVERNMENT BONDS
Range for Previous
Year 1947
Lowest
NEW
Range Since January l
Lowest
Highest
YORK
Higheet
106.6
Feb
Dec
108.21
Feb
Sep
112.6
Feb
Treasury 2%s
July
102.6
Feb
*103.25
Low
High
103.29
High
*103.25 103.29
Low
iTreasury 2%s
Treasury 2%s_
-
*103.25
■
High
103.29
*105.20
105.24
*105.20
105.24
*105.20
105.24
*105.20
105.24
•107.16
107.24
*107.16
107.24
*107.18
107.26
*107.20
Feb. 13
Low
*103.25
103.29
•103.25
Friday
Feb. 12
Law
High
107.28
High
106.13 July
108.16 Dec
114.8
May
103.29
LINCOLN'S
*107.22
107.30
BIRTHDAY
108.16
*100.5
100.7
*100.5
100.7
*100.4
100.6
104.22
*104.18
104.22
*104.18
104.22
*104.18
104.22
*104.20
104.24
107.18
*107.12
107.20
*107.14
107.22
*107.16
107.24
*107.18
107.26
•107.14 107.22
*107.14
107.22
*107.18
107.26
*107.20
107.28
*107.24
108
•107.16
107.24
*107.18
107.26
*107.20
107.28
*107.20
107.28
*107.24
108
•100.31
101.1
*100.31
101.1
*100.30
101
*100.30
101
*100.30
101
*102.19
102.23
*102.19
102.23
*102.19
102.23
*102.19
102.23
Treasury 2%s
Dec
114.8
100.7
•104.18
•107.10
Treasury
106.13 July
May
__
Treasury
104.12
Feb
Feb
104.12
"2
102.22 Feb
102.22
Feb~~2
Treasury
Treasury
Treasury
Treasury
104.24 July
104.14 Sep
104.24 July
104.23
Feb
101.27
Dec
104.18
101.26
Dec
104.4
101.24
Dec
101.24 Dec
101
Dec
101.11 Jan
7
101.11 Jan
7
Treasury
Treasury
Apr
100.25 Jan
~~7
100.25 Jan
7
Treasury
Jan
100.23 Jan
28
100.23 Jan
28
1958-1963
2%s_
1960-1965
2 Vis
_—1948
2'/aS__
1949-1953
2'/2s
—1950-1952
2 Vis
1952-1954
2Vis
1956-1958
2Vis
1962-1967
2 Vis—.
-—1963-1968
2%s__-___Jun
1964-1969
Treasury 2Vis
Dec
1964-1969
•100.5
*100.5
100.7
s
•102.19
102.23
•103.9
103.13
*103.9
103.13
*103.9
103.13
*103.9
103.13
*103.11
•103.5
103.7
*103.5
103.7,
*103.5
103.7
*103.5
103.7
*103.5
103.7
*102.31
103.1
103.15
•102.28
102.30
*102.28
102.30
*102.29
102.31
*102.31
103.1
•101.8
101.10
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101.8
101.10
•101
101.2
*101
101.2
•101
101.2
*101
101.2
*101
101.2
•100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
•100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
104.10 May
1965-1970
•100.24
100.26
*100.24
100.26
Treasury 2Vis
104.15
Treasury 2Vis————1966-1971
$100.16
100.18
*100.16
100.18
*100.16
100.18
*100.16
100.18.
*100.16
100.18
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
*101.4
101.6
100.10
Apr
103.20
105.17
Jun
105.17
100.7
Dee
103.19
Apr
100.10 Jan
12
12
Jun
Apr
105.18
102.6
8ep
100.8
Jan
~6
100.10
Janio
102.24 May
100
Dec
102.24 May
100.13 Nov
100.13 Nov
*100.24
100.26
*100.24
Jun
1967-1972
♦100*8
Sep
1967-1972
1967-1972
•101
101.2
*101
101.2
*101.1
101.3
•101.4
101.6
•100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
*103.11
103.15
*103.11
Treasury 2Vis_^.
Dec
____1951-1953
1952-1955
1954-1956
Treasury 2'As
Dec
100.26
Treasury 2 Vis
Treasury 2'As
101.7
*100.24
100.26
Treasury 2%s__
100.10 Jan
Treasury 2'As
Sep
100.5
—
.1956-1959
Treasury 2'As
__
Jan
100.5
9
Jan
9
Treasury
Treasury
^Treasury
Treasury
Treasury
103.15
•103.9
103.13
*103.11
103.15
*103.11
103.15
•102.4
102.6
*102.4
102.6
*102.4
102.6
*102.4
102.6
*102.4
102.6
104.4
*103.30
104.6
*103.30
104.6
•103.26
104.2
*103.26
104.2
*103.28
*101.8
101.10
*101.8
101.10
*101.9
101.11
*101.10
101.12
*101.10
101.12
•100
100,2
*100
100.2
*100
100.2
*100
100.2
*100
100.2
2'As
2JAs
Jun
1959-1962
Dec
1959-1962
2s~!
Mar
1948-1950
•100.3
100.5
101
•100
100.2
*100
100.2
100.2
100.2
*100
100.2
*100.2
100.4
*100.2
100.4
*100.2
100.4
*100.2
100.4
*100.30
101
*100.29
100.31
*100.29
100.31
*100.29
100.31
*100
100.2
102.12
Apr
102.12
101.12
Dec
102,6
101.20
Apr
May
July
102.23
102.25
Apr
102.30
Apr
101.23
Dec
103.2
101.12 Jan 30
30
103.4
101.16 Jan
20
.
101.16 Jan
20
July
100.30
100.26
Apr
Oct
103.1
Apr
101.2
1949-1951
•101.3
101.5
*101.3
101.5
*101.3
101.5
*101.3
101.5
*101.3
•101.4
101.6
*101.4
101.6
*101.4
101.6
*101.4
101.6
*101.4
101.6
*101.8
101.10
*101.8
101.10
*101.8
101.10
101.15
Dec
1949-1951
*101.8
101.10
*101.8
101.10
1950-1952
*101.12
101.14
*101.12
101.14
*101.12
101.14
*101.12
101.14
*101.13
Sep
1950-1952
•101.12
101.14
*101.12
101.14
*101.12
101.14
*101. 12
101.14
*101.13
101.15
1951-1953
•101.12
101.14
*101.12
101.14
*101.12
101.14
*101. 12
101.14
*101.12
101.14
101.15
*101.12
101.14
Treasury 2s
International
-
_Mar
Treasury 2s__
*101.12
101.14
*101. 13
1952-1954
•101.8
101.10
*101.8
101.10
*101.8
101.10
*101. 8
101.10
*101.8
101.10
19512-1954
—1953-1955
1948
1950
*101.4
101.6
*101.4
101.6
*101.4
101.6
*101. 4
101.6
*101.4
101.6
•102.28
103.4
<=102.28
103.4
*102.30
103.6
*103
103.8
*103
103.8
*100.7
100.9
*100. 7
100.9
*100.7
100.9
*100.14
100.16
*100. 15
100.17
*100.14
100.16
1951-1955
_Jun
Treasury 2s
Treasury 2s—
Treasury l3As
Treasury 1 Vis
Apr
Bank
Dec
•101.12
101.14
*101.12
101.14
•100.8
100.10
*100.7
100.9
*100.15
100.17
*100.14
100.16
*95.90
96.8
*95.19
*95.28
96.20
for
Reconstruction & Development
95
Dec
102.00 July
94.10 Jan
15
96.8
Feb
13
10-year 2'As
95
Dec
103.4
94.14 Jan
15
96.20 Feb
I3
25-year 3s
•BM and asked
July
price.. No sales transacted this day.
5,000
101.5
1949-1951
Treasury 2s
Treasury 2s
Jan
101.8
Jun
Sep
Treasury 2s
Jan
102.28 July
2s
2s___—Dec
Treasury 2s„—
101.12 Jan
Apr
Dec
1948-1950
•100.30
Treasury 2s
102.4
Bales for
the Week
Bonds <»)
*105.20 105.24
"
Treasury 2%s:
101.8
,,
PRICES
Thursday
Feb.11
1949-1952
Treasury 3s
111.23
Low
8ALE
Wednesday
1951-1955
-1955-1960
1948-1951
1951-1954
1956-1959
Treasury 3%s
106.4
-
High
HIGH
AND
Feb. 10
Feb. 9
Feb. 7
Low
Tuesday
Monday
Saturday
STOCK
EXCHANGE
104.25 Sep
1947
2,675,295
Foreign corporate.
1 933,000
FRIDAY
"and
$1,143,000
1948'
1947
1948
defaulted bonds.
Cash and deferred delivery sales are disregarded In the
week, and when outside of the regular weekly range are shown in a footnote in the week In which they occur.
No account is taken
The italic letters in the column headed '-'Interest Period" indicate in each case the month when the bonds mature.
are
194.000
$32,000
$50,000
1,159,700
of shares..
$180,000
$197,000
$16,000
1,184,000
Bond Record
NOTICE—Prices
1 000
Bonds
$17,203,000
tha
297.000
356,880
Week Ended Feb. 13
15,726,000
Total
333,735
Stocks—No.
$5,000
Railroad ft Industrial
187 000
1947
99,000
1,373,000
V. 0. Government
—
$133 000
1.000
37,223,800
29,871,596
i
t
■*
$2,000
4.000
Jan. 1 to Feb. 13
1948
:■
5,815,110 $
4,859,710
International Bank—:
$35,000
182.000
Total.
1948
Bonds
$96,000
$17,203,000
$5,000
$99,000
Week Ended Feb. 13
Foreign
Total
63,720
Tuesday
Wednesday
Thursday
4,679 000
3,000
4,589,000
tloeka—No. of shares
Value):
Foreign
Corvorate
166,315
Saturday.
Monday..
Holiday
Total
Domestic
Friday
4,268,000
1,486,620
—
Bonds (Par
Foreign
Government
of
Shnr*s\
Week Ended Feb. 13,1948
2 923,000
$35,000
1,458,280
Wednesday
Thursday
Friday
Stocks
(Number
•
$1,379 000
$55,000
Muxiuuj
Tuesday
Bonds
—::1957
1972
fBeing called for redemption March.. IB, Ittf at .100.
a
96 A,
95.29:96.4
Odd lot transaction,
*93
95.31
95.27
95.28
95.28
96.8
96.8
12,000
95.31
96.8
96.8
96.15
96.20
87,000
r Registered
bond transaction.
THE
4673
Volume 167 Number
COMMERCIAL
YORK
NEW
fRANGE FOR
.^
Interest
bonds
Period
Stock Exchange
New York
Friday
FINANCIAL
BOND
WEEK
ENDED
CHRONICLE
■(765)
or
Sale Price
'
Friday's
rv -
Bid ti Asked
13
v
Low
Bonds ;u Range Since
\ Sold '
/- January 1
High
Low
No.
<
bonds
v
.
™
.
Friday
i.
Last
Period
■
Week's Range
or Friday's -»>.
Bonds
v
Interest
.
New York Stock Exchange
V;
gale Price
Bid A Asked
High
Low
New Yerk City
lADenmark
TnuuH Unification Issue—
.11980:
Corporate Stock————
3%
*
f
10 lii
J-D
101
222
^ 101%
t;
400% .1021J
External
XI
/vi
20-year
gold
'
External
r-
H
extl
extl
Members New York Stock
Telephone
*46
46%
39
Credit
7s_.
Teletype
Exchange
M-N
f
s
extl
5s
1%
Public
1977
•
Credit Institute
1%
3%
to
I AGtd sink fund
(Colombia)—
sink
AGtd
Akershus
fund
A-O
*60
65
65
M-3
J-J
*8f;'/»
92
89
92%
*37
38%
39%
40%
37
37
40
371/4
40
37
37
lAExternal
s
f
7s series B
1945
J-J
I AKxternal
s
f
7s series C
1945
J-J
*37
40
39
lAExternal
s
AExternal
see
AKxternal
sec
AAntwerp
f
1945
J-J
Vi
38%
f
s
2d
7s
A-O
*37
39%
37%
*37
41
*37
40
f 7s 3rd series—1957
A-O
external 5s.
1958
5s of *25-1955
J-D
J-J
1956
F-A
J-D
s
(City)
Australia (Commonw'lth)
10-year 3'As
10-year 3'/»s
20-year 3%s
20-year 3'As
15-year
1957
External
s
External
s
(U
91%
f
6s
f
1955
8s
9H/4
30
87%
89'/4
16
85
90%
20
85%
89
43
83 '/a
5
103 Va
106%
107%
112%
114%
*107 %
J-D
113
113
114
12
60
60
3
60
(Int reduced to 3.5% I
f 6Vis of
s
1978
J-D
*47
1957
1926
A-O
*60%
47
59%
(Int reduced to 3.375%)
'
AKxternal
f
s
47
1957
Stamped pursuant to Plan A
(lot reduced to 3 375%)
(Central Ry)
A'O
*60%
1979
Vis of 1927
6
-A-O
1979
A-O
J-D
47
*60
3%s
v
46
1952
46%
61
,v
3.5%)
JWD
.1978
funding bonds of 1931 due__1951
Stamped pursuant to Plan A
(Int reduced to 3.375%).—.1979
$
of
bonds
1944
(Plan B)
*46%
48
47 %
49
A-O
*47
48%
56%
58%
5
57
57
8
56%
58%
J-J
agree_1963
J-J
assent.—1933
1913
J-J
1942,
■
■
9
56%
59
7
'■■'■•••■mil'
16
8V4
m
!/*
5
16
16
81/4
81/4
3
*6%
f
6%s
to
7Vi
6%
6%
■
*10
,
rnmm*
.
*8%
8
*13
mlmii
9
mwiM
26
26-%
27
1
27%
*32
—
39%
31
26%
12
28
■
—
—
,
2.125%)—.2008
m-s
1959:
2008
*24
US
M-S
24
..
—
24
32
29
*32
..
2.125%)
33
24
A-O
88 Va
90
1955
A-O
1963
Jf-Nr
1994
J-D
1967
M-8
—
97%
19
88%
94%
88'/a
931/8
HO
92
92
5
92
92
92
1
91%
93
Vi
90
92
—
94%
93
•.
m+lii-'''-
*89
92
A-O
91
3
91
88 Va
88%
F-A
93%
24
69
94
88 Vi
1965
1957
25
93%
93
93%
M-S
1963
external
f
*24
M-M
1957
1956
j-D
1
57
57
571/4
8
56%
59
<
*56%
56%
65
__
73
*62%
63%
J-D
J-D
*65
70
J-D
56%
3%# Series No. 12
J-D
*55%
14
"
-
*57%
56%
J-D
*55%
J-D
*55%
1%* Series No. 16
J-D
56%
J-D
*55%
2
95
87
95
*31
2008
M-3
—
106
37
*25
M-S
88
*104
87.
1947
7s
external
56%
3t
14
59
'
56%
56%
'
56%
56 V.
1
55%
55%
56«%
8
55%
.1961
A-O
..-.1940
A-O
*8%
A-O
loan
1947
A-O
7s
assented
(Int
reduced
1968
to
°
sec
29
17
15%
15%
15%
15%
11
15%
A-O
9%
9%
9%
9Vi
13%
*8%
9%
2
9%
9%
12%
8 V4
9%
—
^
*24
.
*33
~?
'■<"
9%
11%
__
*33
--
mm.
«...
*10%
J-D
17%
'1
j-j
9%
17%
'
■
; j-j
1—1966
27
—
~
—
—
27
—
,
2.25%)
2006
*24
J-J
A-O
1946
31
*34
—
26
26
33
33
26%
—
27%
'
•
ABxternal
15%
1959
gold 8s
(City of) 8s
Stamped pursuant to Plan A
(int reduced to 2.375%)
;
■
25
15%
1963
fund
-.
24%
15%
*16%
f
s
—
—
16%
*8%
J-D
56%
56%
ser
lARio d« Janeiro
7
■
6s
95
106
15%
.J-D
J-J
56%
1
;
60
2d
.11958
f
s
Stamped pursuant to Plan A
t
55%. 55%
*15
M-a
1960
Ai%s assented
-
i
56%
1959
ser
'AKxternal loan 7%s_—
-
57
7s
1st
(City of) 8s—
.1961
'Stamped pursuant to Plan A* *
(Int reduced to 2.375% )
2001
1
58%
■
__
f 6s
95
87
106
•i-e
AFarto Alegre
f
57
%
a
(Rep of) gold 6s.,
A4%s
?
57
J-D
19..^
3%s Series-No. 20_„.
56'%
64%
J-D
„
of)
AKxternal sink
-
65
56
__
67 Vi
-
»
65
*
_
60
3%s Series No. 15
17^_.
(Rep
A Stabilisation
'
65
3%a Series No. 18
(State of)
*8'8
'
ref 3Vis series
Ai%g assented
f
62%
62%
_
62%
J-D
ll__i____
14
sec
IAPoland
>
63
80
*65
__
58%
60
62 Vi
58%
*62
3%s Scries No. 13—
2001
'
F-A
2012
*24
A-O
1953
6Vis__.
Stamped pursuant to Plan A
(Int reduced to 2%)
F-A
.
28
30'/#
~6
30
30%
22%
10
22%
27%
35
—
30%
22%
__
35
J-D
56%
5
56V4
56%
3%s Series No. 21
J-D
*55%
3%s Series No. 22
J-D
57
57
5
57
57%
i a is extl loan of
1946
A-O
3%s Sei ies No. 23
J-D
56
56
10
56
58
3%s 8eries No. 24
J-D
*55%
A-O
3%s Series No. 25—
J-D
*55%
Stamped pursuant to Plan A
(Int reduced to 2.5%)
1999
Age external sink fund gold.—1968
J-D
30
30
30
3%# Series No. 26
J-D
Stamped pursuant to Plan A
(Int reduced to 2%)
2012
A7» external loan of 1926...—1966
J-D
22'/#
22%
23'%
34
34
*25
29
■
„
.
S%l Series No. 27—
3%s Series No.
56
J-D
28
60
56%
i
57%
56
56%
56%
56%
57
98%
99
Stamped pursuant to Plan A
(Int reduced to 2.25 %)
*55%
*55%
1921
(City)
f
s
5s
1957
;
Sinking fund gold 5s___—1958
Sinking fund gold 6s
1950
Canada
(Dominion
of)
4s
.I960
Alxtl
1041/4
38
M-N
20%
A-O
21V4
A-O
F-A
Feb
1961
Jan
f 6s
1961
—Sep 1961
sinking fund 6s
A6%s assented
fund
A6%s
6%s
assented—
assented
AGuaranteed
A6s
of
(Republic
Ry)
5s
external
21%
29
20%
21%
_2
p—.
J-D
——
19%
m-N
m-N
M-S
20%
—
20%
19%
22%
23%
22
19%
22
_
19%
5
—
bonds
ft
*19
19%
20%
19Vi
M-N
1999
—
19%
(Int reduced to 2% )
s
73
42
,A-0
42
1947
F-A
43
22
*40
1978
;
A-O
External
4Vis
44
44
80
82
2
75
16%
18
102
102 n
100% 100%
100%
82
76%
M-N
*16%
1949
M-S
*102 U
loan
4 Vis
1949
f-A
debt
1977
J-D
5Vis
1953
j-j
*108%
a-O
*106
a-o
*106
fund
Czechoslovakia (Rep of) 8s
ser A.1951
ASinking fund 8s series B
1952
Stamped assented (int reduced
*n
Ct
\
.oYfPnrtprt
For footnotes
see
to
—
2
31%
33
1
37
41
37
34
,83%
83%
2
,
' 70'/a
70'.4
31
33%
35%
83%
84
67
71%
1Q60
100%
115% 115%
a-o
*69
115%
f-ARL MARKS & HO. INC.
50
118
110
106'/a
70
106%
110
i r
■
') Vt •
69
rVm,
■
I-.-
Broad
SPECIALISTS
St., New York 4, N. Y.
110
106%
110%
Telephone HAnover 2-0050
70
'£1
-1;
MARKETS
FOREIGN SECURITIES
page 28.
—
31%
101
80
76%
external
Sinking
39
79
16%
J-D
M-N
1951
1914
33%
—
SECURITIES
FIRM TRADING
17
1952
of
'
39
46
54
1953
5s
mmmm
37
—
*40
of) 7s
—
'■>
25
—
33
*31
37
A-O
FOREIGN
45
42
*40
(Rep
*35
25%
—
46
—
75
a-O
Rica
24
—
For Financial Institutions
73
73
M-N
(Republic of)
38%
3
•—
38 Vi
43
25%
--
31%
1940
f 7s
18
*70
1947
Cuba
24
—
*34
—
1
—
21
*70
a-O
1946
ACosta
25%
*33
j-j
2012
Stamped pursuant to Plan A
(Int reduced to 3.5%)
22%
18
12
A-O
Mtge Bank 6%s
IASinking fund 7s of 1926—
Copenhagen (City) 5s
25-year gold 4 Vis
31
35%
20%
18
—
27
26
33%
*39
__
j-j
1968
dollar loan
26%
8
*39
—
M-a
2004
29
35
J-J
1999
..1956
33
1
—
J-J
loan
24%
33
—
27%
24
J-J
—
22%
19%
7
J-J
I ASinking fund
7s of 1927
34
24%
j-D
1970
IAColombia
32
1
'
19%
Oct 1961
f
31
23%
Stamped pursuant to Plan A
22%
Jan 1961
s
30
22%
2
15
20
20 %
—
water
IA Secured
20
20%
A6s extl
—
"4
35
27%
35%
25%
M-N
J-J
Stamped pursuant to Plan A
(Int reduced to 2.257«)
—
20%
75
A7s extl
23
22
20%
*20
19%
M-S
1951
19%
22%
22%
*20
A-O
1962
20%
23%
—
35
27%
26%
m-n
..1936
8s
Stamped pursuant to Plan A
(Int reduced 2.5%).
21
20%
1
32
35%
27%
M-N
1950
(State)
a8s external
20%
—
*20
a-O
21
20%
*20
,
j-D
1961
20%
23
Paulo
*24%
A-O
2012
f
Stamped pursuant to Plan A
(Int reduced 2.5%)
of;—
1928
Afis of 1927
3s
j-D
1960
(Hukuang
23
20%
*21
—-
j-D
i960
6s
A7s assented
A 6s
M-N
M-N
1957
1962
sink fund
assented—
Colombia
1963
43
*21
20%
1961
AChilean Cons Munic 7s
AChlnese
A-O
20%
12
21 %
20%
lASan
22%
20%
21%
s
Stamped pursuant to Plan A
(Int reduced to 2%)
23
J-D
*32
—
2001
1957
Stamped pursuant to Plan A
(Int reduced to 2.375%)
—
J-U
1952
1952
(City of) 6%s
(City) 8s
Paulo
A6%s extl secured
22%
20'%
20%
21%
'.1'
20'%
*21
,
A-O
1961
AGuaranteed sink fund 6s
A6s
21%
--
1961
6'/2s
a San
23
20%
2
23
_
*21
—
M-S
1962
21%
21%
21%
—
1957
Bank
ARome
22'/4
20%
~8
21%
1
M-S
1961
21%
20%
1963
Mortgage
20%
F-A
1962
A6s assented
102
21%
*21
J-J
assented
ASlnking
*21
J-J
1961
Jan
—
—Sep
sinking fund 6s
AKxternal
ACbile
1041/2
104
1960
assented
A 6s
103%
104
M-N
Feb 1961
sinking fund 6s
A6s
AKxternal
104%
J-J
1960
s
101%
104
j-j
..1942
sinking fund 6s
assented
(
98%
1001/4
29
*26%
M-M
2004
municipal loan
Stamped pursuant to Plan A
(Int reduced to 2.25%)
101%
4
104%
f 7s
A6s assented
98%
4
98%
104
assented
A6s
98 Vi
100 Vi 100%
■
104
-1942
s
sinking fund 6s
ARy external
98%
A-O
IA 7s assented
A6s
F-A
J-D
11
1961
lAChile
AKxternal
__
—1954
25-year 3%s_
(City) 8s
(Rep) External
ACarlsbad
Alxtl
M-S
35
M-N
2004
1967
A 7s
Brisbane
'
...
*55%
J-D
(State of)—
*
56
J-D
__
Bio Grande do 8ul
65
*56
J-D
3%s Series No. 29
3%s Series No. 30
A
mm —
7
.
J-J
agree.1963
f 6%s.
s
ANat loan extl
1
57%
J-D
_
3%# Series No.
I%S Series No. 10—
3%# Series No.
■
A Peru
56%
J-D
:
3%s Series No. 8___.__:__
48%
10
57
56 Vi
J-D
J-D
3%# Series No. 5_,
3%s Series No.
J-J
1945
1942,
5,
reduced
ANat loan extl
J%s Series No. 6
—
49%
57
J-D
J"D
J-D
J-D
l%s Scries No. 4
J%# Series -No.
5,
to Nov
lAPernambuco
—
J%« Series No. 3
3%s 8eries No.
agree_1968
(Int reduced to 2.125 %)
3%s Series No. 2
-
mmm*
■
ml J.
•
Stamped pursuant to Plan A.
J%« Series No. 1—
3%s Series No. 7
Nov
s
w
8%
Kxt
49%
61
7%
3T
62%
46%
34
5%
37
^
~8
*7
16
(Republic)—
A Stamped assented 5s
Stamp mod 3%s ext to__
49
61
22
27%
27%
5
*13
1970
•«
Bxternal
to
'Int reduced to
Stamped pursuant to Plan A
to
1942,
Municipal Bank extl s f 5s
Oslo (City) sink fund 4Vis
65
37
18 V*
26
Panama
A7e
(Int reduced
5,
Netherlands
(Kingdom)
3%s
Norway (Kingdom of) 4%s
External s—x fund 4%s
is sink fund extl loan.
62%
47
2
5
Stamped pursuant to Plan A
49 %
—
(Int
62
48
5%
37
J-J
1954
Stamped pursuant to Plan A
Stamped pursuant to Plan A
J
Nov
ABec external
Stamped pursuant to Plan A
AKxternal
22
31
*5
M-S
104%
J-D
10
-
.1958
89%
2
30%
..
external
90%
88'A
19
27%
28%
5%
A-O
-oec
23%
17%
26 »/4
27%
-
Q-J
Q-J
.1952
89%
89'/a
19
27
'
IA Treasury 6s of
91%
103% 103%
to
Ass'td
93
88 '/2
J-J
1955
external
of)
87%
88 Vi
103%
1941
7s
S
45
19
*18%
U-M
1943
(City of) 6%s
Minas Geraes (State) —
90%
M-S
assented
AAss'td
93
99
19
37
J-D
AMilan
91%
6
5
j-D
99
100
99
Irrigation—
s
Ass'td
102
89%
F-A
1949
6%s
95%
100 %
7%
78
20%
A-O
It. 1954
lAAssentlng 4s of 1910.
40%
15
98
90%
1962
Belgium external
37%
98%
7%
6%
77
18%
J-J
40%
100% 101%
100%
J-D
J-D
1967
1966
3% 8
lABrazil
97
38
7%
77
28%
—
78—1957
Ass'td to Nov. 5, 1942, agree.1968
(US) extl 5s of 1899 £—1945
IA Assenting 5s of 1899
1945
Ass'td to Nov 5, 1942, agree.1963
38%
A-O
104
7'%
18%
—
j-j
IA Mexico
40%
1957
series__1957
1st series
7s
104
99
18%
J-D
1951
AAssentlng 4s of 1904
*37
7s series D
f
s
AKxternal
IA 4 %
64
1968
1948
4s
coll 7s A
(Dcpt)
64
1948
6s
(King of Norway)
lAAntioquia
Mexican
*60
F-A
1947
—
19%
99
—
j-j
.1952
Italy (Kingdom of) 7s
A
Jugoslavia (State Mtge Bk)
Medellin (Colombia)
6 Vis.
6s
M-a
1977
AExternal 7s
Agricultural Mtge Bank
J-J
41
Utility-
A
Foreign Govt. * Municipal
J-J
64%
48'/4
39
for
3%
to
M-M
1977
82
-
45%
7
1
*6%
I960
l-3s
:
8%
*_'_
1947
f
s
58
—
*7%
A-O
90
25
*104%
—
95
)
78%
64
*15
M-M
_1964
|A7s series B
NY 1>1693
Broadway, New York
Works
J-J
...1949
Consortium
86
High
87
2
22
v
39 y#
F'A
(Republic)
.
81%
J-J
ext 6Vis___.___.1960
Italian
Italian
120
2.2300
78%
J-J
1967
1968
Italian
REctor
78%
1, 1976
•
Irish Free State extl
.
A-O
:
♦52
7s—
paid
part paid
Helsingfors (City)
Public
F-4
J-J
_Jan
of)
Low
27
1, 1976
A6s
Wertheim & Co.
'87
January 1
92
—Jan 1, 1976
(Republic
part
87
No.
;
Jan
f
s
87
87
J-J
Range Sine*
Sold
High
•
1962
of)—
French. Republic extl
Greek Government—
A 7s
1942
gold• 4%s„i
(Republic
4# extl s f
3%s extl s f $
3s
6s
5%S2.iL._i.^.__1—__1955
•
Salvador
AEstonia
Foreign Securities
25
RECORD
FEBRUARY
Week's Range
Last
.
&
'
LLL
.f
iTfnti.
-
Teletype NY 1-971
20
(766)
THE
COMMERCIAL &
NEW
YORK
RANGE FOR
Friday
York
Stock
Last
Period
Sale Price
Exchange
or
Friday's
Croats & Slovenes
secured
external
1962
m-n
series B
sec
extl
...1962
m-n
(Prov of)
extl
5%
5 5/a
Low
J-D
13 Vi
J-D
1957
8s____1946
■•85 Va
F-A
sink
fund
6s
1960
m-n
fund
6s__-_—-1964
m-n
1
5
External
of
37%-4'%-4Ts6s extl
1978
conv
m-n
AWarsaw
(City)
7%
8'%
85
R
87
82
69
81
15
79%
79%
91%
F-A
,1958
80'%
17
A-0
*76
92
90
10%
♦dams Express coll tr gold
4s__„._1948
AAdriatic Electric Co 7s
Alabama Great Southern
•.
~5%
6%
Alleghany & Western 1st gtd 4S..1998
Allis-Chalmers Mfg 2s debs.;.
!__1956
Amer & Foreign Pow deb 5s
^..2030
American Telephone &
Telegraph Co.—
2%s debentures——
.—1980
debentures
—1975
294a debentures
( 2%s debentures
i
-
294s
i
3s
Ann
Atlanta
&
Charlotte
Air
Line
mortgage 3%s
Afclantio Coast 1st cons
.
•
-
4s
July 1952
General unified 4Vis A
1964
Atlantic & Danville Ry 1st 4s^.
1948
Second mortgage 4s
.1948
Atlantic Refining 2%s debs.——1966
92 Vi
92%
A-O
94 Vi
94 ■'*'
•
-
87%
J-D
92%
103%
90%
91%
J-D
85%
-
94:%
16
101% 101%
91%
1,010
•*
M-N
100%
65
80
4
98^4
J-D
V
115%
1997
J-J
1985
M-N
4%s
A—Jan
ser
&
Pac
4%s
1st
mtge
5%
B
ser
44
103%
104%
100% 100%
14
100
(4%
98'%
inc
Series
G
Series
K
—due Dec 11995
due Mar 1 2000
26%
14
25
5
98 Vi
Series M.—
due Mar 11996
Ref &> gen mtge 6%
(2%% fixed
and 3%% contingent
interest)
Series
due Dec 11995
A4 Vis Conv income
Feb 12010
Pgn Lake Erie & West Va
Ref 4s series A
S* western div 1st
mtge
——1980
5% ser A
cont int)
1980
(3 '%% fxd & 1 Vi %
Toledo Cincinnati division
1st lien & ref M 4s
Bangui
at Aroostook
Con
ref
97%
4s
Beech
Bell
1985
*..1951
,
_
stamped
Creek
1951
Extension
1st
Telephone of Pa 5s
3Vis___1951
series
C—1960
Beneficial Indus Loan 2'%s debs
Bethlehem
Cons
Cons
14
%
82
15
86
54
Apr
62 V
23
58%
57%
57
J-D
67%
67 %
70'%
46'%
45%
49
83
00 CO
73'%
77%
4Vis
conv
A .-Jan
ser
mtge
294s
ser
J..—
—..1976
1967
1st mtge 5s series II
1st mtge 494 s series JJ
1st mtge 4s series RR
A Inc
mtge 4Vis ser A
1955
1960
July 1970
Gen mtge 27/8s
1976
Buffalo Niagara El 1st
mtge 294s—1973
Buffalo Rochester & Pgh
Ry—
Stamped
modified
(interest
3% to May 1 1947) due
3%s
mtge 2%s
mtge
: series
F
r$L*4'V4s; series D_,
Gas &
1955
Elec
1st mtge
—I960
71%
100
2
—
23
75%
..J':/.
76«%
102'%
104%
__
v
%:
100
M-S
101'%
103
104'%
14
102
105'%
32
98
99%
107
103% 104
.
104'% 105'%
105'%
107'/4
*107'%
F-A
99
5s
Wab
1st coll
...1993
series
Mich
&
L Div
B
4%s
Div
E
Series
Cleve
D
3%S
Short
Union
1st
gtd
77
73%
78
Columbia
&
Southern
&
60%
64%
86%
3
84'%
83
104'% 104%
32
1037%
104%
103'%
103%
101
101
62
62
86%
M-N
>1990
__
104%
--
F-A
.1961
*101%
A-O
1972
*103%
—
*101
M-N
...1948
A-O
96%
--
_
98
__
_
6
96%
97'%
3
96%
105%
106 3'8
Co—
106
__1973
A-O
101'%
1977
A-O
98%
...
106
16
100'%
1027/a
98%
99'%
13
98%
99 7%
51%
53 %
41
51
98% 100%
26
98'%
101%
105 V'4
105%
100'% 101%
Ry—
Elec
M-N
51%
debs___1971
M-S
98 %
gold 4s__1948
A-O
*101%
M-S
*105%
1980
3%s
1st extl
Columbus
83%
73
3
62
(stamped, modified 1
Gas
68
J-J
5s series B—
Colorado
97
—
72%
1950
85
83
—
__
70
4%s
82%
Ohio
89
91
*
2
89
91
121
"i
119
121
Sou
&
El
3V'4s
Commonwealth
95'%
97 '4
97%
947/a
54'%
...
1970
4
96
97%
96%
97
97
1
95
95
•5
—.1977
Ry'& L 1st & ref ,4%s
River
si 3%s
Pwr
Cigar
ref
20
101%
103
1
106%
107%
102
T03%
J-J
F-A
BV4s._.—1965
Corp
102%
106% 106%
102%
F-A
1951
A—....1961
A-O
Consolidated Edison of New
&
F-A
Co—
Conn
95'%
97
Edison
3s series L
mtge
Conn
103
York--
96%
96'%
*101
101%
,.1982
M-S
1st & ref mtge- 2%s ser Bi___...1977
95
A-O
*94
J-D
M-N
96'%
10
mtge'2%s
A
ser
1st
&
ref
mtge 2%s ser C_.-..__1972
101%
1st
&
ref
3s
series
1972
D—
96
7»
95
97 V*
92%
*97
1st
97%
100
94'%
97
102 % 102 %
14
101%
98
102%
92%
__
50'%
77%
6
77
29
50
55%
Continental
26
52
27
Crucible
34
•
Consumers
81
*102%
M-S
*96'% 100%
91%
91%
91%
■,97%"
97
60%
60%
93
10
97%
91%
22
95 Vi
95
:
1st
"A
62%
48
59%
A
88 Vi
ser
ser
B deposit
1946
.__„_1946
rets
53%
53%
82
82.
39%
J-D
J-J
J-J
—...—.—
96
33%
33 V*
46
2
89
98*
99 %
96
98
88
92%
52%
54%
54%
6
40%
24
39
40%
5
81
83
82
34%
8
32%
35%
37
34%
37'%
35%
36
35%
36%
97%
97%
*35
J-D
J-D
96
5
receipts
A deposit rets
Deposit
99%
96
*88
96
64%
32
Ry
99
99
'" M-S
J-J
M-N
JD
receipts
Deposit
97%
95%
3%s_...._1966
1st 5%s
1942
mtge
ACuba RR 1st 5s gold-.,...-.—.1952
93%
105 Va 105'%
A-O
Power 1st mtge2%s__1975
Baking 3s debs.,w-,-.-1965
Steel
lACuba' Northern
*101'%
95
94
""
105
D
105%
97%
96
97%
100
101'%
A-O
J-D
..1965
A-O
Hudson 4s extended—1963
M-N
90'%
90 %
90%
M-N
83
83
83
1
80%
83
M-N
55%
55%
56%
7
54
60
Deere
Elec Power 1st 3s
1976
Calif Oregon Power 3'%s__
1974
Canada Southern cons
gtd 5s A...1962
Canadian National Ry—
Guaranteed gold
4Vis
1957
J-D
it
M-N
a-o
1003a
113%
5
F-A
108%
109% 109%
2
108 Vi
109 3 i
j-d
*111'% 112%
112
112%
5s
1969
1970
43/4s
1955
Guaranteed
Pac
Ry
4Vis
gold
—1956
gold 4ViS—
1951
4% deb stk perpetual
Carolina Clinchfield & Ohio 4s
1965
f-a
M-S
J-J
M-S
Carthage & Adirondack Ry—
1st
mtge gtd 4s—
Celanese Corp 3s debs
—1981
ACent Branch U P
1st gold 4s
Georgia Ry—.
JCentral of
§ A 1st mtge 5s
§ AConsol gold 5s
A Ref
&
gen
f-a
1948
Nov 1945
,
B
4s
&c
ref
(4V4%
a-o
j-d
j-j
Q-J
j-j
series
A-O
to
Aug 1 1949)—
..1974
Banking Co
(partial redemption)__1942
stamp
Champion Paper <fc Fibre deb 3s__.1965
For footnotes
58'%
see
page
28.
M 5s
mtge
Essex
Coll
&
C
1973
...
1993
ser
due
99
90%
*63
—
65
103
May
Power .&
Light
52 Va'
*17
__
62
100%
1st
ser A
mtge
1 °!o
'•
„
102
37%
37'%
(3%
37
-
64
99 "/a
103
39%
45 %
8%
7%
11
7
8 %
52%
4
19
52 Vi
18%
174
39'%
39
99%
*
107
40%
33%
103
Denver
M-N
J-J
■
2042
1973
M-N
59
59
38
54%
9
101
61%
102
*103% 104'%
J-D
1993
60%
101% 102
4-0
J-J
81
83 %
91
81
84'%
51%
54
92
51%
57%
69'%
70
5
(4 Va %
Apr
52%
J-J
—201$
mtge
70
fixed
(3%
contingent
1993
int)
217
11
37%
19
107 Vi
44%
35%
42%
33
&
Gen
Si ref
ref
3s
1970
series H
2%s
^..1982
series I
.
A
Second
1995
gold
4s
Detroit Term & Tunnel
*103% 10.9%
102% 102%
102%
*96
*68%
66'%
70
Duquesne Light. Co. 2%Swf.--r-j-----.1977
98%
..
F-A^
16
109 %
102%
103%
'96
97
71
60%
60 Va
5
60
99'%
16
96
*83'%
V
81
97%
33
38
98%
99%
100 :
5
47
83
96'%
84
*97
38
96%
69
__
98%
99 3a
.
108
60
.,-1961
Det Tol & Ironton RR 2%s ser B..1976
/
M-S
Dow Chemical 2.j35s debs.,,—
1961 (..
J-J
t§ ADul Sou Shore Si Atl gold 5s_._1937^>^J-vJ
4%s
38%
32 Vi
7
52 Vi
Gen
5
M-S
J-D
M-S
J-D
J-D
M-N
.
Detroit & Mackinac 1st lien gold 4s 1995
98
38
98%
41%
100 %
37
99%
6
97%
103%
21
102%
103%
96 Vi
97%
101
East Tenn Va St Ga Div
F-A
95'%
Salt- Lake—
&
Income
66 Vi
31
7
35%
-
90'%
fixed
contingent int)
mtge. ser A
contingent int)
99%
42
33
33
99
:
7%
*107'%
38%
-
1977
mtge & coll tr 3%s
1st
1%
45%.
52 Va
1
3s
Detroit Edison 3%s series G-^----1966
66
7~
29
--
44
7
58%
43
65
7
13
Denver & Rio Grande West RR—
96
107 Vi
36
99%
100% 100%
division
4-6s
tr
Delaware
107%
6
100% 101
99 %
*100
112 Vi
106%
47
9
7
58%
A
lACentral RR &
5s
110%
9
92
debs—:
A Income
Q-J
F-A
ref
Morris
109%
13
107'%
107% 107'%
A-O
j-j
1987
Central New York Power 3s
1974
Central Pacific 1st ref gtd
gold 4s_1949
1st
107'%
M-N
1987
registered
90%
A-O
Central'Illinois Light 3Vis_—
1966
JACentral of N J gen gold 5s_—-.1987
A 5s
registered
1987
A 4s
j-a
1959
ARef & gen 5s series C
1959
AChatt Div pur money gold 4s__1951
i A Mobile Div 1st gold 5s
1946
AGeneral
J-D
1945
5 Vis series
107 Va
91
A-O
I960
Celotex Corp 3Vis debs
110% 110'%
__
107'%
J-D
1965
1st &
A Income
111%
A-O
5s
gold
—
23/4s
Co
Delaware, Lack & West RR Co—
n Y Lack & Western div
103%
111%
gold
Guaranteed
lbOVi
6
gold
Can
103 Vi
99%
18
Guaranteed
(
103
103%
3
103%
Guaranteed
Oct
103
111% 111%
108% 108%
j-j
&
Delaware <fc
100'% 100%
Guaranteed
%
,.81%
29
*98
70'%
mtge 5%? series A—
mtge
99
92
78
82
*83
J-D
J-J
4s
Terminals
98
92%
4
1977
gtd.____.
Line
9
78
4s___._1991
1st
tr gold
98%
96
78
__
J-D
1993
series
impt
98
0
J-D
>
4s
gold
&
Ry—
98
J-D
92
121
97% 100
V
V
75'%
1975
Dayton Pr <fc Lt 1st mtge 2%s
Dayton Union Ry 3%s series B—1965
California
?
104%
20
*99% 101
J-J
F-A
4%$ series C
77%
77%
A-O
80
mtge gtd 3%s series E——1969
1st
89'%
52
M-N
813
75
'
..,..1962
2%s
1st mtge
1
77%
J-J
73%
98%
A6s
1957
74%
Apr
104%',.,'
88'%
A7V2S
-.1952
Consolidated 5s
Bush Term Bldgs 5s
gtd
2019
5s
A-O
at
Bush Terminal 1st 4s
90
101%
80
51'%
7
M-N
J-J
276
80
72%
90%
J-J
M-N
103% 104%
104
80
45 Va
79%
F-A
F-A
05%
89
100 Va
67%
90%
M-N
(Ernesto) Co 7s-.__
—1954
Bklyn Union El 1st gold 5s_,
—1950
Bklyn Union Gas 4s debentures,—1969
61
101 %
44
95
A-O
ABreda
192
100
16
*94%
MS
1961
62%
96'
100
1st
4
61
1975
A-O
M-N
70
57%
102
234
79
__
66
53%
100
Consolidated
Boston & Maine RR—
1st mtge 5s series AC
J-J
^__1994
Columbus & Tol 1st extl 4s...__...1955
J-J
"
"
*95
4%s
1970
Corp—
2%s ser I
35
166
100
1st
M-N
68
J-D
Cleveland
May
88'A
101'%"*
99%
35
J-D
St
62%
1961
88%
—
J-J
62'%
58
•
—
56
1st mtge 2%s "ser G.__—...—1974
City Ice & Fuel 2%s debs...
1966
City Investing Co 4s debs.-.....^1961
62%
41
59%
89
44'%
66%
*89
J-J
59'%
121
39'%
53%
"
J-J
J-D
60%
A-O
58
15
100% 101'%
67
Apr
1982
57
J-J
*88%
100%
Apr
1970
57%
__
54 Va
Ry—
'1st mortgage 3s__
Cleveland & Pittsburgh RR—
Series C 3%s gtd
!
58%
J-J
12
42%
41
—
J-J
Cleveland Elec Ilium 3s
57
--
J-J
90%
58%
Steel
mtge
,
57%
J-J
64
55
104% 104%
•87%
M-a
RR—
4s_—
90
55'%
8
104
1st
98%
m-s
J-J
79
91
-
t
41%
,_Jan 1 2044
Western
Columbus & H V
D
ser
.88%
—
•54'/a
115
Cincinnati Union Terminal—
-21
J-D
M-N
81%
64
J-J
—
J
79
62%
73
115
104
Cine
307/a
15%
34
84 V%,„ .85%
88%
80%
.63%
A__Jan 12019
ser
B_;
ser
115
J-D
General
A-O
*111
71%
1951
Ref
fixed
and 1%
contingent int)_July 1975
Rei df gen mtge 5% (2%
fixed
and 3% contingent interest*—■
2
1963
102'%
85
72%
J-J
1994
4s series A____
mtge
>!,$$ &
102%
25%
A-O
41%
72%
—
J-J
mtge conv inc 4%s__Jan 1 1999
mtge 3s ser .B__.._..,,__T.^1989
Cin
.July 1975
35
RR—
A
ser
inc
GenerrJ
4s ser A_.
23
*75%- 78
B
mtge
92%
39%
J-J
Baltimore & Ohio RR—
1st
91
37
M-N
Jan 1 2038
Cleve Cin Chic & St Louis
%
95%
10
J-J
107 Va
98%
112
9i%
1st
ser G_:
1963
Chic Si West'n Indiana conv 4s.__.1952
117'%
101
15% "16%'
J.J
91
Chicago Union Station—
106%
J-J
91%
93
Income! :-2%-4y4S-i__".^^.^__-„__i994
81
31
J-J
-
•
40
106% 106%
100%
f-a
5
1951
Terre Hautb.<te S'eastern Ry—
1st & ref M 2%-4%s'
1,
1994
100
103% 104 Va
M-S
-
110%
109%
5
••
Chic
•
1
98%
102% 102%
,
1970
lI6%
Memphis Div. 1st gold 4s
102'%
81
116% 116%
106%
T
94
110%
..
Gold1951
109%
102 %
98 %
cu-y
94
Chicago St L & New Orleans
95%
106%
101
105
81
116%
108
94
110%
103 Va
110%
..
101%
A-O
101 %
U7'" 117
110%
*110%
F-A
5s
Paul
4s
conv
Gen
93%
-Nov
-
J-J
F-A
B
inc
mtge
1st
-
100%' 103%
"•
104 %
90%
101% 102%
'
4s
St
1st mtge
88%
101%
3
106% 108%
Q-J
A-O
-
mtge
mtge
2nd
95%
21
94%
94%
A-o
92'%
453
92%
102
v
124"
Chicago Rock Island & Pacific Ry—
94
88%
91%
106%
A-O
•
87%
55
j_
120
,..1977
conv
mtge
inc
Gen
102 Vi 103%
102%
•J-D
94%
O
—
RR—
ser
Chicago & North
98%
56
96.
91%
J-J
3%s
Milw
1st
100
94%
124
94 Vi
92%
A-O
•
-
Ry—1963
1st
-
•
1957
Adjustment gold 4s_—July 1 1995
Stamped 4s
—July J 1995
.
99
2
Af-S
"...
,-—1962
A P W Products .Co 5s.——
.^—1968
Atchison Topeka «Sc
Santa Fe—
General 4s—..I995
Chic
92
98
21
52f
117
High
121
103% 103%
J-J
1st
-
debentures.^—
...1969
Arbor 1st gold
4s__._...July 1995
mtge
4Vis
100
98
F-A
-
-
.1987
debentures.-.
conv
Amer Tobacco Co deb 3s
..
13
103 Va 103'%•
_________1985
111
inc
mtge
124
Low
103%
J-J
105%
*97 Vi
B_,
2%s
mtge
January 1
NO.'
103 %
J-J
1958
series
Eastern
Range Since
Sold
High
Quincy RR—
mtge 3Vis.
ref
Bonds
f-a
1989
gold 4S__^
4%s
124
J-J
1983
-
—1986
.lissr.
28
102%
103%
A-O
•
.—1961
—
28
100%
*104%
M-S
—
,
Range
Friday's
M-N
_fl9b9
A .2d
mtge 4 Vis inc ser A___ Jan 2003
Chicago Ind & Sou 50-year 4s
1956
*102% 104
A-O
gold 4s
Chicago Ind & Louisville Ry—
J-J
•
&
AGeq
7
M-N
•
cons
4s
ref
ref
A 1st
a-0
y;
3y48____1967
2%s debentures
294$ conv debentures.
or
Bid & Asked
m-S
Chicago & Erie 1st gold $s
1982
Chicago Gt West 1st 4s series A.—1983
Af-S
-
1952
Alabama Power 1st mtgo 3Vis
1972
Albany & Susquehanna RR 4%s__1975
i
Sale Price
SO
16
6%
&
1st
35%
F-A
1992
.....
Burlington &
AGen
80
90%
4 Vis
1st
consol
Chicago &
85
76
89%
4
*
Div
&
1st
84%
RAILROAD AND INDUSTRIAL COMPANIES
.
A
1st
121
81 %
1
91%
1952
A4Vis assented
83 Vi
80 Vi
J-J
gold
General
121
F- A
,.1958
7s__
&
2d
140
J-D
-v
1984
external
82 '%
m-n
4-4Vi-4Vis extl readjustr.ient_i„Jl978
3%s extl readjustment.
AVenetlan Provinces 7s_
Last
Period
&
1st
..1979
.-1979
conversion.
Week's
Interest
•
impt mtge 3%s D
...1996
Ref & impt M 3-Vis series E—w__1996
1937) —
readjustment
External
Ref
13%
7 Va
90
General
7%
13%
8
•117-
bonds
Friday
V
-Exchange
Low
Chicago
•117
sink
($
BONDS
*
New York- Stock
*117
External
3%-4-4 Vis
ik
High
5%
76
13 Vi
•>71/4
J- J
12
59i
1958
AExternal
.
No.
6
5
...1958
7s
A4Vis assented
A
January 1
High
Monday, February 16/1948
Chesapeake & Ohio Ry—
A8s
Sydney County Council 3Vis
lAUruguay (Republic) extl
-
■
RECORD
FEBRUARY
Range Since
Sold
(Kingdom)—
A7s
ASilesia
Bonds
Bid & Asked
Low
Sorbs
BOND
WEEK ENDED
CHRONICLE
Week's Range
Interest
BONDS
New
FINANCIAL
Ed El
111
(NY)
Elgin Jollet &
*~
33%
33
33 Vi
*97%
97%
98
98 %
El Paso & S'western
5s
1st
53^,1958
|st cons gold 5s—,1995
Eajst Ry 3%S„
,.,1970
stamped.^
1st
.
J-J
M-S
^__1S65
5s
'
"
*110
M-N
.
__
A-O
'
4-0
156 %
110
114'%
110
156'% 156'%
1
156%
156
103'% 103'%
5
103
105
14
103
105
104% 105
*104
105
*
*
THE COMMERCIAL & FINANCIAL CHRONICLE
167 Number 4673
Volume
YORK
NEW
RANGE
Stock Exchange
York
New
Last
Period
Sale Price
Low
Friday
Sold
No.
High
BONDS
Low
New
January 1
Railroad
2015
41
66%
65 V*
65%
J-J
*79
*80
85% ' ■"
M-S
*t'5
or
Friday's
93
93
82
Louisville
80 Vi
A-O
I960
Elec 3Vis
Louisville Gas &
Bonds
Bid & Asked
F-A
1963
80
ol%
J-J
Sale Price
1951
Co deb 5s
(P)
82
A-O
J-J
Last
Period
debentures
3s
C8s/b
65 Vi
5'
£3
93
1964
1990
.2000
Week's Range
Interest
Stock Exchange
Low
Co—
A-_..Jan
York
High
Lorillard
Erie
13
Range Since
Bonds
Friday's
or
Bid & Asked
Range Since
Sold
High
January 1
No.
Low
*109% 110%
*101% 102
g"
1953
1971
100
*98
M-s
i—
■•;;
&
•
A
ref 5s series A
1st &
M-S
.1950
Francisco Sugar coll trust 6s_
84
84
96
96
96
M-N
1949
Berg Co cons 5s
J-D
*-u
69%
69%
8
A4s
conv
Goodrich
Great
(B F)
1969
M-N
98%
83%
6
97%
98%
U
109%
112
116
118%
110
112
3
PO
97
6
88
91
31":.'
82%
86
15
74
98
98
1
97
76 Vi
12
93%
81 Vi
91%
92%
82
98%.
M-S
2%s_1965
mtge
1st
Co
2
82
*
v
B
4s ser
111% 111%..
General
—1973
J-J
117% 117%
1976
J-J
1990
——2000
—1982
J-J
95
96%
J-J
90%
91
2010
J-J
Gen mtge 2%s ser R—
..—1961
AGreen Bay & West deb ctfs A—
ADebentures ctfs B_i_—
J-J
series' C——
5s
General 4%s series D
Gen
mtge 3%s ser N
Gen mtge 3'/a3 ser O—
Gen mtge 2%s ser
Gen
mtge 2%s ser Q
1959
Greyhound Corp 3s debs
-•
86
__
86
75%
J-J
75%
91%
"62
Feb
■
92
,
.
,
10
7'Vb
*101 Vi
1975
July 2015
Gen
mtge inc 5s ser A
1st & ref 3%s series D_
Gen
J-J
1969
4s ser B__—Jan 2044
Gulf States Util 1st M 2%s____—1976
mtge inc
93
*99% 101
99%
100
*100% 101
99%
1.00
69
58 V*
92 %
61%
Apr
9O74
95
80
M-S
106'%
96
A-O
*53
A-O
1971
84%
104%
55
*
J-J
83 %
96
54%
91
57
98%
*99% 100%
101
90
92
52%
54 Vi
30
50%
55Vi
68%
72'%
36
68%
73
.1962
J-J
74%
73
74%
20
71%
75
1962
J-J
61%
61%
61%
1
61
63 %
.1978
J-J
61%
61%
64
8
61%
65%
A-O
47 Vi
47
49
71
47
51
F-A
72%
71%
75%
36
71%
78%
A
1st 4s
& Texas
series B——
4s
ACurn
series
4%s
lien
Prior
__
'
1991
Texas RR—
5s series A—
Prior lien
94
*94
ja-N
93
60
83
104% 104%
1965
93%
56%
f 4 'A
56%
100
83
104%
series A—Jar11967
^Missouri Pacific RR Co—
71 Vi
*93
*-o
100
MM*
68%
95%
70'A
Jan
Jani
98
100%
M-a
&
inc ser A
95 V*
99%
53%
40-year
95 Vi
98
J-D
"
70'A
70%
94%
100% 100%
A-O
1951
mtge 4s inc ser
Missouri-Kansas
100%
95 Vi
J-J
B
100%
J-J
mtge
AGen
7%
7
100%
—.
78
gg
86
.1990
1st
Mo Kansas
Gulf Mobile & Ohio RR—
1st & ref 4s series
M-N
Mfg 2%s
1967
Sault Ste Marie—
4 Vis
71
98
84%
96
J-J
Minn St Paul &
11
99%
.
*23
M-N
Mining
85%
ft
J-D
gold 3 Vis
195Q
& impt 4Vis series C
1979
Michigan Cons Gas 1st mtge 3%s_1969
\
1st mtge 2%s
1969
t§AMidland of N J 1st ext 5s
1940
Minnesota
99
*94%
J-J
Ref
...
.
7 Vi
Feb
A-O
,
:
112
111
111
1;
85%
M-N
1st
J-J
.
*98% 100
M-N
1972
Michigan 0"-tral—
Jack Lans & Sag 3%s
Northern
Ry Co—
V ;C ; :. :
General SVis series B———----1952
109%
68
J-D
& con
mtge
1966
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew & Drain 5%s—1950
General Realty
Si Utilities Corp—
inc debs
96'%
1954
Manati Sugar 4s sink fund__Feb 11957
AManila RR (Southern Lines) 4s__1959
103
103
*102
—
86
109%
M-N
A
May Dept Stores 2%s debs-Corp 1st mtge 3s
'
Elec of
*109% 118
1960
ser
Mead
Gag &
97%
84
M-8
•
1972
Central RR 4%s
Maine
103 V*
103
11
103Vi
103
4s
2%s debs
& Co
(ilH)
Macy
623/4
1st
M-N
Div
& Cine
95
A-O
—1980
1955
106%
97%
M
101
50 Vi
15
55 Vi
50 Vb
ser G
gold 3s
*95
102 V*'
105%
106% 106 Vi
A-O
2003
M 2Vis
Knox
*;
103 V*
100
100-":
100
50 VB
MS
deposit-
of
A Certificates
lbo
T-T>
M-S
102V*
14
103 Vb 103 VB
M-N
1959
1974
1st 4%s
Coast
IFiorida East
ref
2003
series F—
3%s
—
Atl
Firestone Tire & Rub 3s deb—.---—1961
M
St Louis Div 2d
'•
'
--
&' ref
109%
101
Nashville RR—
&
1st
1st
•
High
109
■
1
27
RECORD
Week's Range
Friday
Interest
BONDS
BOND
WEEK ENDED FEBRUARY
FOR
(767)
D
adjust 5s
■
1975
Hackensack Water
Household
Finance
Hudson Coal
Hudson
Corp
J-J
119% 119%
1970
J-J
95
1962
J-D
89
1949
2%s
1st gold 5s
Manhattan
&
*94%
1999
f 5s series A
1st s
Co Gas
M-S
M-N
mtge 2%s__1970
Valley Ry 1st 4%s
Hocking
Hudson
1st
1st
5s A
1957
30%
34
530
30 >/4
39
72%
71%
76
235
71%
79
M-N
72%
72
75.%
101
72
78%
1949
H
31%
M-S
1978
ref 5s series G_
A 1st &
M-a
1977
M-N
19%
18%
22
743
,18%
27%
1
94%
95
.1980
A-O
73
72
75%
79
72
79
2
119%
120
.1981
r-A
72%
72
75%
167
72
79
2
94%
96
.1991
UrS
91%
,_1966
95
94%
95
88 Vi
89 Vi
61
88
*105%
F-A
"
105 %
104%
F-A
el
60
61 Vi
121
57%
21 VB
20%
22%
212
17%
23%
61%
64 Vi
101 Vi
102%
101
102
64V2
*102 ;
102%
101% 101 Vi
M-N
62%
A-O
*63%
*;
—-
.
"2
"
Illinois
Bell
Telep 2%s series A
1981
J-J
1951
J-J
1951
J-J
*100%
*100%
9 5'/a
95%
27
96%
95
Constr
M
series
5s
J-D
56%
56%
57%
48
54%
59%
._1955
M-N
74
74
75%
41
68 Vi
78%
M-N
69%
69
70
57
64%
72%
..1980
Feb 1957
income 5s
..2000
..1955
A Ad J
M-fl
90%
90%
901/4
3
88%
90%
97%
N
Illinois Central RR—
1st
gold
4s
1st gold 3 Vis
103
Extended 1st gold 3Vis
1951
A-O
1st
sterling™
Collateral trust gold 4s
1951
A-O
101 Vi 101%
Refunding
1955
M-N
100 Vi
1952
J-J
100 Vi 100%
1953
M-N
1955
M-N
1966
F-A
1950
J-D
1951
J-J
gold 3%s_1953
J-J
100%
M-S
1952
103
100%
.
gold
3s
4s
Purchased lines 3Vis
Collateral
trust
Refunding
gold 4s
5s
40-year 4%s__
Cairo Bridge gold 4s—
Litchfield Div 1st gold 3s__
Louisville Div Si Term
Omaha
Div 1st gold
3s—...^.—1951
8t Louis Div Si Term gold 3s
1951
99'A
23
13
101%.
i
99 Vi 100%.
105
104
78
105
'
52
80 %
F-A
101
96
101
105%
103%
106 Vi
100
90
83 Vi
77
100
97i-\
100
100%
-99%
100
2
100
98 VB
100
99%
3
97
99%
101% 101 Vi
11
97
101 Vi
99%
'
Gold. ■ 3 Visi ;L_---____-__—-_-_1951
Springfield Div
Western
gold
1st
Lines
1st
gold
3Vis—1951
1951
4s
*
and
Joint
1st
4Vis
ref
series A
w-4
*__
Indiana 111 & Iowa
1st
Indianapolis Union
105
102
102
101
v
A
89 VB
91V*
23
89%
81 Vi
81Vi
83
18
81%
88
J-D
77%
77%
77
82 Vi
97%
95
97
J-J
100% 100%
100
J-D
*84%
90
52 Vi
52%
56
20
20
22%
51%
52%
61
61
63 Vi
5101
101%
J-J
1950
gold 48
Ry
89VB
J-D
1970
A__
ser
J-D
1963
6s series
*95
1952
AAdjustment 6s series A
July 1952
A 1st
5s
A 1st
gold 5s series C~——
J-J
A-O
1956
J-J
1956'
1944
J-J
JAInternat Hydro-Elec deb 6s
Int Rys
1972
M-N
B
-
Cent Amer
95
A
A
A 1st
100%
A
1st 5s B
Frankl & Clear
1st 4s
1959
1976
Jersey Central Pow & St 27/«s
J-D
M-S
75%
42
52%
58%
57
20
35
49
54%
19
50
53
42
61
63%
Cons
52 Vi
2
18
96%
1st gtd gold 48—1990
J-D
Kansas City Southern Ry 1st 3s
A-O
1st
mtge 4s ser A__
1950,
1975
A-O
Kansas City Terminal
1974
A-O
Kentucky
1987
J-J
1801
J-J
Stamped
1961
J-J
Plain
1961
102%
J-J
Ry 23/4S
gold 4S
Kentucky & Indiana Term 4 Vis
4Vis
Central
unguaranteed
tAKreuger & Toll 5s
93
99
102%
103
1
44
*97
97
1964
A-O
M-9
98
'168
100
16
99% 100%
1 Vb
28 I
1%
1%
99%
1
101
3Vis
registered
Lautaro
A 1st
Nitrate
3 Via.
J-D
1997
J-D
1975
;
ii-
1997
D—
—
92
—
■
—
'
92
"80
88%
83%
91%
91
N Y
Ltd—
Co
Coal & Navigation Co—
S F mtge 3Vis scr A
91
^
91
29
91%
Lehigh
1970
A-O
-Y 84 Vi
Y
95
94%
7
94%
&
ref
sink
fund
Si
5s
1st
;
rer
sink
fund
ref
71%
•,
60%
61
61%
26
1''
69Y
69
•: 69
Gen
4Vis
—2003
stamped
5s
,—
M-N
2003
M-N
2003
registered
stamped modified
M-N
2003
modified
4Vis
M-N
2003
registered
M-N
Lehigh Valley Terminal. Ry ext 56.1951
A-O
Lexington & Eastern Ry 1st 5s_.
Liggett & Myers Tobacco 5s
1965
A-O
1951
A-O
Little Miami gen 4s series A
1962
V
ALombard Electric 7s series A
Long Island unified 4s
Guaranteed
4s
ref
footnotes
,
see
page
28.
29
30
*26
133
31%
194P
V-P
'
31 Vi
30%
31%
31
.'
39%
9
38
42
68%
4
67
72 %
6o%
121
121
110% 111
'105
-
'
•
1
11
121
121
110%
111%
110
4s
•
ref
*102
103
12
3s
conv
4%s
80
82
2
78
13
61
65
62
62
60%
63
F-A
—
Ref
61
F-A
67
34
lien
62 Vi
91
A-O
F-A
91
86
81%
86%
89
82%
88
96%
98%
97%
96%
(Minn)
1st
97%
*__
J-J
19
94
100
100
100
72%
73
70 Vb
74
80
80-
80!a
76%
81
A-O
68
69 %
28
68
72
M-N
10%
10%
11%
47
10%
12%
J-J
61%
61%
64%
367
61 Vi
67%
May
31%
31
34
31
35%
Jf-lt
1,043
991/2 100
\
8%
M-a
8%
M-S
9
3
J-D
4
10
.
98 Vi
137
8%
23
100
10
3
4'/«
96%
J-J
—.
.
.
96%
10
95%
96%
60%
60%
A-O
61%
13
60%
65
*__
99
.
-
7
—
105
37
106 V*
35
36
33
*12
*72
M-N
95%
•
>
9%
*107%
16%
15
79%
17
.
95 %
25
93%
11*
72
9%
„
Q-rf
101V*
106%
__
—
'
95%
12
107%
Power
mtge
17
56
127
128 Vi
109%
116
109%
128
100% 10138
99
41
102
:•
•
:*
J-J
100
5
96%
64%
11
62%
67'A
60%
1
60 Vi
66
89%
7
8'3
91%
94%
94Vi
92%
J-J
96%
88%
62%
62%
60%
Q-A
M-S
127% 128
49
4
96 Vi
Q-J
J-J
53 Vi
*91
M-S
2047
2047
:_2047
2047
53%
*98
M-S
1975
1st mtge
1st
91
*101%
Q-F
—
93%
99% 100
<6
-
92%
97%
97
97
2
93Vi
47
99%
101 V*
27
95%
96%
96%
96%
Co—
2%s
1974
F-A
A-O
2%s
1978
1B7T
mtge 2%s
(Wise*
7
J-J
1997
4Vis
Northern States
102%
8
78
*87
ft
A-O
Jan 1 2047
3s_
impt 4%s series A
Ref & impt 5s series C__
Ref & impt 5s series D_.
trust
__
67 Vi
59 %
J-D
1997
&
101%
101%
78
62%
*58%
•
F-A
1974
series A
registered..
101%
101%
28
78
61
63
Ry Co—
5s
registered
General
Coll
26
&
101 Vi
102% 102%
81%
,
-
■
-
..
mtge
5s
ser
Northern Pacific Railway—
Prior lien 4s
36
1
31
38
?
ms
M-a
34
31
54
'•.31% £32*
39%
29
,•28%
J-D
.1949
—1949
gold 4s
stamped
For
.1952
N
29 3 i
Southern
AGen
Lehigh Valley RR—
stamped modified
81%
—
61
F-A
127%
64 Vi
67
J-J
81%
J-J
A-O
60
F-A
5
-
J-J
53%
Telephone 2%s
Norfolk
•
:
79%
A-O
Niagara Falls Power 3%s
84
Vi
84
72%
74%
M-J
85 Vi
82%
85
83%
66%
81
1966
84%
84%
84%
*83
•••
163
inc
2014
Norfolk & Western Ry 1st gold 48-1990
North Central gen & ref 5s
1974
85 Vi
F-A
54
71 %
10
85%:-
F-A
65 Vi
J-J
*85%
F-A
92 Vi
78%
1946
F-A
D_
IS AN Y West & Bost 1st 4%s
1964
91
69 %
95%
96
N Y
83
1|
co on
77
J-J
*95
96.
84%
78 Vi
69%
F-A
-
86
77%
F-A
*95
1974
63%
1937
4Vis
F-A
1974
;
sink fund 5s
stamped
5.4
64
1940
1943
1982
gold
§ A General gold 5s
JATerminal 1st gold
>.
86%
86
84
84%
85%
*33
§A2d
81%
80
8
J-J
95
103
102%
84
79%
105% 106 %
1st 3 Vis
Corp
F-A
gtd 5s
1954
Lehigh Valley Ry Co NY 4Vis ezt.1950
4s
Elec
1st mtge 2%s_1975
cons gtd 4s—1993
& Gas 2%s—_—1977
1954
Leh Val Harbor Term
4s
1958
1964
.
5s
stamped™.
Si
! 5s
ser
1954
5s
5s stamped
1st
4s
4s
Steam
.100%
9
78 Vi
J-J
Y
102 Vi
'•
20
80%
1963
Lehigh Valley Coal Co—
1st
State
83 Vi
IN Y Susquehanna & Western RR—
§ 1st refunding 5s
1937
N
mtge income.eg_
4s
N Y Power & Light
N Y & Putnam 1st
92
—
13
& Harford RA¬
mtge
General
78%
M-N
..
A
Lake Sh Si Mirth Sou geld
ref
80 Vi
M-N
1940
&
—
A-O
1973
series A
A
2007
AGen mtge conv inc 4%s ser A.2022
I A Harlem River & Port Chester—
1st 4s
1954
JAN Y Out & West ref 4s___June 1992
1%
.
4s
1957
1st
97%
81%
"
—
M-N
B
Debenture
101
A-O
2000
2043
2043
JA Collateral trust 6s__—...
176
170
V
.
——
A
97
82
F-A
1973
gold 3 vis
West
&
series
'•
101
100
—
101% 102
*__
.•
1980
1986
F
IN Y New Haven
112%
97 Vi
Lack
:
101
.
RR 2%s ser B—1975
Y Dock 1st gold 4s—
1951
4 Vis
1
*102% 107%
J-J
——
3%s ser E
N Y
45
112%
J-J
-1959
111
44
*112Vi
A-O
100%
J-J
*100%
•'
*
3%s__
Mtge 4s •series A
Mtge 4s series B_
100%
110%
6
96%
lOOVi
54
98%
98%
100%
■
*101
A-O
1«B
3s ser
N Y & Harlem
98%
10
117%
100
00
i
1
J-J
;
Connecting
N
115%
5
'
—.
& St Louis—
New York Chicago
95%
94%
10
110% 110%
44
1997
ctfs
99
4
102% 102%,
*__
110%
1961
Kings County El L & P 6s
Koppers Co 1st mtge 3s
98%
95%
99
Kansas City Power & Light 2%s___1976
95%
10
—
99
deposit
1st
A-O
117 %
100% 100%
117
1
1
M
RR Co—
Ref mtge
Kanawha Ss Mich
1051/2
M-8
3%s
registered
mtge
104%
97
__
'
-------1997
1997
1998
3%s registered—
..—1998
Mich Cent coll gold 3 Vis——-1998
3Vis registered
1998
N Y
1
F-A
General mtgt
96%
96
104% 104%
1964
Lake Shore coll gold
K
102%
1900
A
81%
75%
102%
A-O
&
3Vis
3
Jf-NY
-
impt 4Vis series A
2013
impt 5s series C
2013
N Y Central & Hudson River RR—
25%
102% 102%
J-D
&
Ref
101
101
75%
75%
96
1
series
4s
*90
J-D
97
deposit
of
Certificates
York Central
New
85%
Ref
51%
A-O
85%
98%
104%
M-N
l-O
series A
5Vis
97'i
96%
deposit
of
Certificates
85
85
102%
15
17;
*96'/a
1950
of
10
981/4
J-D
M
series D__—
4%s
85
Vi
103% 103% Y
103%
95
C
Certificates
A 1st
Co—
A
series
1
98
A-O
deposit
of
Certificates
A 1st 5s series
85
J-D
1954
1st 5s series B
a
101
1963
Ref & Imp 2Vis ser C-J
-1988
Ilnternatrional Great Northern RR—
James
,
1963
C
series
1st ref mtge 4s ser D
Illinois Terminal Ry 4s
A 1st
*98
Chic St L & N O—
ref 5s
1st
St
J-J
F-A
Registered
HI Cent
J-J
19°°
3s ser B
mtge
F-A
2%s debs.1970
National Steel Corp 1st mtge 3s_YL965
National Supply 2%s debs
1967
ANaugatuck RR 1st gold 4s
1954
Newark Consol Gas cons 5s
1948
New England Tel & Tel 5s A
1952
1st gtd 4Vis series B
.
1961
; 3s debentures
1982
N J Junction RR gtd 1st 4s—___1986
New Jersey Power & Light 3s_
1974
New Orleans Great Nor 5s A™-—1983
New Orleans & Northeastern RR
Ref & Imp 4%s series A
1982
New Orleans Term 1st gtd 4s——1953
INew Orleans Texas & Mexico Ry-"0
103 Vi
98%
noovi
J-J
1st
.
National Dairy Products
'
103%
100
6
10
>
.
77
*__
99%
Bt Lottie--
Nashville Chattanooga &
•
3U*f
,
J-O
*95
96%
*94
98
96%
96 Vi
28
THE COMMERCIAL & FINANCIAL CHRONICLE
(768)
NEW
BOND
YORK
RANGE FOR WEEK
Frlday
Interest
Exchange
Sale Price
or
Friday's
Bid & Asked
Low
High
Bonds
January 1
No.
Low
New York Stock
mtge
Oklahoma Qas
1940
Union
Oil
2%s
debs.
11
11
7
12'/a
19
98%
100%
94
11
93%
94%
93%
93%
2
93%
1st
A
ref
1st
ft
ref
3s
series
3s
1st
ft
ref
1st
ft
ref
103%
33
103 'A
j-j
*97%
97%
1976
j-d
South
92%
93%
1963
A-O
104 '/a
Ala
Nor
&
RR
gtd Be
ft
ref
3s
3s
1st
ft
1974
2%s
ft
j-D
101
1981
2%s
1980
debs
1985
1
...1980
Pennsylvania-Central
inc
conv
Pennsylvania
4s
28
5
100%
100
100'A
j-d
3Vis debentures
1987
Paducah ft 111 1st s f gold 4 Vis
1955
Paterson ft Passaic G & E cons 5s_1949
Gtd
100'/a
j-d
1979
1977
Q
series
Tel
debentures
3Vis
100'A 100%
100'/a 100%
N
P
107%
debentures
3s
lfl7f
59
debentures
1988
debentures
1987
j-d
101%
102
1994
Indiana
99%
101 %
94%
96%
98 %
98 Vi
98 Va
19
97
92 Vi
93'A
17
91%
95%
70
94%
A-O
101
Vi
101% 101 Vi
j -j
36
101
102%
*102
1960
A-O
40
44 Vi
40
256
35%
series
E
trust
ctfs
ft
3Vis
Light
M-R
1960
j-d
A-O
99 Vi
99 Vi
99%
44
1965
Sand
Power
1952
1075
Glass
A-O
98 Vi
98 Vi
98%
1
106
106%
*103%
23
106
106'/a
103%
—
103 Va
99
gold 4s
sterl
97%
Cons
4Vis
& 100%
11
&
100% 100%
1
100%
I960
P-A
112 Vi 112%
1
112
113%
A..,
100 Vi
100Vi 101
57
99%
103%
j-D
106
104% 106
20
104%
1981
A-O
1984
j-j
1952
94 Vi
94%
80
84
19 Vi
Apr
19%
P-A
*__
M-m
*109
j-j
j -j
106%
1967
US
2Vis
1974
MR
1981
j-D
1937
j-j
2%s
f 4s
^Certificates of deposit
Phillips Petroleum 2%s debs
1964
Pittsburg Bessemer & L Erie 2%s
1996
Pgh Cine Chicago & St Louis
Ry—
Cons gtd 3Vis series E
Cons gtd 4s series P
105
98%
99%
24
98%
97%
98
3
97%
97
'3
97
98
12%
12
j-j
deb 2%a
deba
29
100%
1950
j-d
&
imp M 4s
*94% 100%
Texas
&
1958
3'As
&
ref
M
3%s ser C
Texas
Pacific
ft
ref M 3%s
4s
RR
1974
Ave
Gas
1st gold 5s
Elec
ft
194t
Corp 2%■ debs—1961
H
AGen
102
U
S
j-j
86 Vi
*103 %
—
103
103
j-d
86%
—
103%
77
■V;/
100
98%
100%
78%
18
76%
56 %
49%
*__
Jf-0
4
162
49%
61%
98'A
99%
95
95'A
99
83
*102
•
—w
■
USA':-
*95% 100
—
'107% 108
.
107
108
96
__
15
96%
101
103'A
98%
2
98'A
98%
F-A
98
98
5
96%
98%
1991
Jf-8
89 %
89%
87%
91%
A-O
Jf-N
1967
debentures
1959
3%s deba
Pictures
89%
1966
1976
2%s debs..
2%s debs
*96
91%
a
A-O
Jf-8
31
97
96
92
96%
95
98%
'
91
92%
97%
15
97%
95
97
109
102%
101% 101%
j-d
95%
11
j-d
>
84%
—
Cons
f
s
cons
4s series A—1958
g
series B
4s
j-d
103%
101%
j-j
j-j
>100
101%
1st
,,
84%
85%
11
84%
i'86%
4
84%
2
86
88
116
117
Virginian Ry 3s ser B
A-O
Jf-N
94 Vo
100
96%
110%
99%
100
98%
88
86%
.
97%
100
*~
1958
...
*96%
100
M-8
J-J
1995
5s
cons
it
98%
1
98'A
99
97%
97
97%
17
96'A
98%
84%
88
75
75
W
Wabash RR Co—
Apr
75
Gen mtge Inc 4%s ser Bu—-Jan 1991
Apr
76 Va
1st
101
Apr
Jan 1981
debentures 3%s_1978
MS
conv
4
75
79%
76'A
76 VA
23
75'A
78 'A
92%
92%
2
90%
93
96
__
US
Walworth Co
Ward
.1971
—
tHiramj G ft W 2%s debs_1966
Walker
-I
A
mtge 3%s ser B
96
2
94%
96
*—
89^8
105
—
105%
90%
89'A
Baking Co—
P-A
Jf-R
f-a
Jf-n
101%
86 Vi
*118 Vi
uma
1957
Virginia Electric & Power Co—
101%
*101% 105
100
—
I-
M-m
100
100
100
100%
*105%—
105
105%
*7
10%
*86
j-j
j-j
j-d
10
143
143
*210
90
25
106%
103
143
:
103
"l
145
*103% 104%
143
A 11
90
100
106 Vi 106%
jf-r
107
240
5%s debs (subordinated)
—.1970
98%
98-%
98%
98%
99%
F-A
Westchester
Gen
West
A—1970
ser
5s stpd gtd
Ltg
1950
84Vi
84 %
83%
85
*101% 103 %
j-j
1941
j-j
51%
52
100
101
2
108
109
2
105%
106%
106%
108%
54
■
108
J-D
A-O
108
J-J
1952
2014
108
106% 106%
.
*108'A 108%
98%
May
97'A
48
98%
99% 100
._
99%
97
5
99%
100
1950
US
97%
38
1951
1960
1951
US
92
91%
92%
32
.95
88%
93%
J-J
86
85%
£7%
69
80%
87%
100% 100%
41
99%
101 %
.1971
2361
MS
*97%
P8V4
97 71»
98%
MS
60%
59%
60%
68
59
2361
gold
MS
59%
58%
59%
9
1949
MS
1992
J-D
5s__
30-year 5s
Shore
1st
4s
guaranteed
Wheeling & Lake Erie RR 4s
Gen & ref M 2%s series A
1st
105%
Union
series C
Wheeling Steel 3'As
US
103
100%
J-D
1967
Registered
M-R
*50'A
17
Q-Af
1966
mtge 3%s
Penn Power 2%s series I
West
Jf-B
__
F-A
Washington Terminal 2%s
Western
10
A-O
Warren RR 1st ref gtd gold 3%s__2000
Washington Central Ry 1st 4s
1948
25-year
j-j
us
mtge
3%s
107%
*7%
8%
8%
107%
Wilson ft Co
104
*104% 108 Vi
ser
104%
Winston-Salem
1970
1967
D
97
97
J-J
__
...
*103%
*__
__
M-S
94
97%
61%
57%
60 'A
103'A
—
103%
99%
93%
'
94%
'*94%
J-J
8%
7%
9
8%
9%
___1996
98
j-j
95%
93%
96%
94%
9
96
Certificates
Certificates
A__Jan
A-O
j-j
j-j
80%
2022
May
52%
1989
___Nov
1989
j-j
j-j
sold 4s_lo«8
Co—
B9%
2
80
82%
227
80
84%
53%
193
51%
1949
2
98%
1017A
103%
111%
71
27
26%
J-J
1st 4s—1936
—
MS
73%
263
111%
75%
71
■
—
64
73
19%
27%
27%
120
Power
2%s
1976
j-D
3%s
1971
j-j
Lt & Power 2%s
1976
j-j
94'A
__
103
94'A
"4
93
103%
5
103
94%
104
102%
80%
82%
89%
95
102% 102%
83
--
92
91
92
63
Yonkers Elec
a
A-O
U-M
■
'127
Deferred
included in
not
delivery sale not
the year's range,
included
in
pound
—
100
99 Vi 100
15
98%
100%
j-j
62
61 Vi
63%
51
61%
68%
7-D
♦Friday's
94
92%
94
11
92%
94
ABnnriR
the
included In the year's ranged d Ex-Interest,
Under-the-rule sale not Included in the year's
e
Odd-lot
range.
Bankruptcy Act,
bid
sellina
or
and
flat
as
being
not
,y Ex-coupon.
in bankruptcy, receivership, or reorganized
securities assumed by
asked
sale
92%
rCash sale
tThe price represented Is the dollar quotation
Accrued interest payable at the exchange rate of 84.8484.
tCompanies reported
j-j
1966
92%
95
impaired by maturity.
unit of bonds.
2016
n
the year's range.
§ Negotiability
101
1995
2Vis
71
j-j
Service
Public
...
deposit
of
Electric
41
55%
51%
'■,</
A_____Jan
102% 103
*109
99%
99%
/-n
1971
1989
gtd 4s
—
'
deposit
of
102%
84%
—
us
1990
j-j
98
£9 %
A-O
1960
1st 4s
B
S
79%
1996
1955
1997
ser
97
1958
1st mortgage 3s
^Wisconsin Centval Ry
§ A 1st general 4s
Wisconsin
1971
Ry Co—
cons
ser
100
1976
mtge 2%s series C_
Rubber
Universal
102
109
us
stpd
& Sons
94%
98%
Va Iron Coal ft Coke 1st gold 58..1949
Va & Southwest 1st gtd 5s.
2003
1949
ser
(Jos E)
90%
124'A
j-d
103 %
1957
ctfs
mtge 4Vis
92%
89
1970
103%
lf-JT
1999
Union Depot 3Vis B
1st mtge 4s
Seagram
45
102% 102%
1st & ref mtge 2%s ser*—».—1975
I
gold 5s series A
RR
92%
122%
96'/a
*96%
87%
J
certificates.
Line
95%
j-j
debentures
Ref
94%
101%
j-d
Louis-Southwestern Ry—
1st
2
9
us
—
Air
92%
89
121%
Jf-R
debentures^..
Wisconsin
Paul
98%
104%
A-O
84%
1967
Saguenay Power 3s series A_.
St Lawr & Adir 1st
gold 5s
2d gold 6s_
Seaboard
116%
97%
Union Pacific RR—
A
Scioto V ft N E
115
103%
.1978
-1967
tr 2%a~—!
mtge ft coll
A
St
117
1971
Co of Mo
SASu ft Du div ft term
Bt Paul ft Duluth 1st
98%
97%
U
1st
Gen mtge 4s inc ser
ft ref
bond
100
100
112
*100
.1964
ARut-Canadian 4s stpd
ilARutland RR 4Vis stamped
ref
99%
97%
29
50
2
86%
1972
♦
inc
'■
II
77
2%s
*117
3Vis ser D__1995
Revere Copper ft Brass 3
Vis
I960
Rochester Gas ft Elec
Corp—
Gen mtge 4 Vis series D
1977
&
;
100
A-O
2%s
R
4s
52
98'A
95%
j-j
2% 9 debentures
2d
94%
92%
j-d
1960
Westinghou.se El ft Mfg 2%S
Gen
92%
89
J-D
Vandalia RR
A-O
1968
Quaker Oats 2%s deb.
bond
46
94
*120
—
Jan 1960
Ry 1st ref 4s
income 5s
Telegraph CoFunding ft real estate 4%s
4s
101%
56
103% 104'A
A-O
Tol ft Ohio Cent ref ft impt 3%s__1960
Western
1st
100%
Pacific—
Orl 3%s
New
of
Maryland 1st 4s
Western Paciiic 4%s inc A—Jan
St
95%
7
*97'A
j-j
108
2037
Francisco
*
A-O
1961
108
2037
1st mtge 4s series A
A2nd mtge inc 4Vis
106
102%
93'A
9
93
104
j-d
103 Va
j-d
1958
1st ft ref
mtge 5s
1st ft ref
mtge 8s
5s
103 %
101%
*115
2000
E
ser
Pacific-Missouri
Term
..1970
....1990
gold 5s
104%
1957
4s
1st
1
1977
„
B_
ser
ft
12
1966
-
Public Service El ft Gas
3V4s
*st ft ref mtge 3s
P
11
'
M
103% 104 Vi
F-A
1977
-
d®nce Securities
&
111%
102%
-
94%
*97%
Jf-R
104 Vi 104%
1974
C____
.
Rocky Mt
94%
107%
108%
RR—
ref
2%s
Ry
♦
St Louis-San
1
91%
105
V51
50
A-O
j-d
a-o
Potomac El Pwr 1st
mtge 3 % s
mortgage 3 Vis
St L
5
J3.-V
103%
101
'
iqflf
A-O
1941
3Vis series
56
116%
'
14)1
94
1985
Union Oil of Calif 3a deb
109 3A
*104% 107
1962
mtge
78%
90
112%
120
A-O
B
Orleans
ft
Union Electric
11%
101%
*100
__
Jf-R
1959
ft Ashtabula
New
1st
101
"94%
*102
ser C
imp 2%s series d
Cnrp 3s rieh
United Biscuit
—I960
series A
Gen
92%
94'A
50
98%
100
10
*107
1966
mtge 4Vis series B
mtge 4Vis series C
11%
100% 100%
*108
1950
ft West Virginia Ry
1st mtge 4Vis
series A.
mtge 3%s series
mtge 3Vis series
12
109%
*103
_•
94%
—2010
2%s debs
Ref ft
Texas
12%
12%
Jf-R
1975
B
Gen
81%
76%
90
103% 103 %
—
j-j
99 Va
F-A
Pittsburgh
Gen
92
109
j-j
2%s
16
94%
107%
105%
F-a
1975
E
debentures—
Pittsburgh Steel 1st mtge 4%s
Reading Co 1st
a-o
1972
Co
(N J)
101
105
14
1963
__1964
B
JAProvidence Terminal
j-j
1966
ft
AAdj
28
i960
Colce & Chen* 1st
mtge 3Vis_1964
Pittsburgh Consolidation Coal—
♦ ao
j-j
Sunray Oil Corp 2%s debs
Calif
31
77%
106% 106%
109
P-A
Third
100%
98'A
-.97
J-D
..1957
gen 4Vis series p
APittston Co 5Vi8:incteoeb.
1998
1988
debs
92
a-o
1951
Bell Tel 2%s
of
83%
80
81%
112% 112%
a-o
1971
106
99
99 V8
A.
__
F-A
Pfh Cine Chicago ft St Louis RR—
uen mtge 5s series A
1970
series
23
106
32
106%
*10
1953
Cons gtd 4Vis series
J_____,
5s
1956
1956
6%s series A
116
106
99%*
P-A
1949
Cons gtd 4s series G_
Cons gtd 4s series H
Cons gtd 4 Vis series I
gen
112%
Apr
Texas
98%
ref
1st
30
*102% 105 Vi
.
ft
series
6s series A
gen
Tri-Continental
F-A
1977
1961
1st
5s
21
105%
99% 100
j-d
gen
gen
gen
100
80%
*89
MS
61%
Co—
mtge 4V4s series
a-o
&
Gen
59%
18%
i97i
^oun6stown
97%
2
2%s
mtge 5s series
m^Ke 3%s ser
1956
&
&
5s
cons
1st
99%
7
1974
4 Vis
s
j-j
gold
4s series A
1st
4
76%
1994
Ry
100
'
G
ser
1966
99%
61%
2%s
lAPhillpplne Ry 1st
j-j
«...
Oil
100
82
ref
1st gen 4s
94
60
ref
1st
94
13
75
81
ft
1st
63
j-j
ft
1st
94%
99% 100
A-O
1st
Gen
95%
94
99 Vi
A-O
1st
ref
100
—
j-j
Trenton
General gold 4Vis series C
ft
j-d
1966
Oil
110%
Phila Bait ft Wash RR CoGeneral 5s series B
1st
ser A.197B
Co—
E
j-j
Ref
j-d
-.1985
Peoria ft Eastern 4s ext
i960
A Income 4s
Apr 1990
Peoria ft Pekin Union Ry 5Vis
1974
Pere Marquette Ry 33As ser D
1980
♦
100
1965
General 4 Vis series D
Gen mtge 4 Vis series E
deb 3Vis
Gen mtge 3Vis ser P
Electric
100,
—1968
B
tr
mtg3%s
RR
ser
Standard
100%
4Vis
coll
84%
Standard
100S1
Jf-w
Conv
Co
87%
66
Terminal RR Assn of Bt Louis—
M-m
1948v
series
General 5s series
Philadelphia
Philadelphia
100
1940
sinking fund
General
26
98%
dollar
stamped
96%
92%
91%
87%
100
Pennsylvania RR—
4s
92%
Co—
1st mtge 3s
3s ■ f debentures
Consol
42
84%
Swift
44%
95%
87%
ASpokane Internat 1st gold 4%a..2013
Airlines—
debs
92%
87%
1981
Southwestern
Co—
Pennsylvania
Pennsylvania
93%
85 %
Memphis Div 1st gold 5s
St Louis Div 1st gold 4s
*103
M-0
81%
MS
1996
Devel
82%
2
MS
mtge 2%s
Devel
93%
96
81%
i960
2%s
100 V2
91%
MS
mtge 2%s series P
Devel
98%
95%
81 %
—
1st
56%
19
•
1st
94%
943A
A-0
2
93%
94
124
—1981
1st
Pacific
Southern
98%
92 Vi
j-d
98%
93
*95%
...
91%
1977
4%s
mtge
98%
V
p-a
93%
98 Vi
124
Co—
(Oregon Lines) a
4%s
Southern
101 Vi
99%
Ry 2%s
Pacific
4'/as
San Fr Term
101%
18
34
95 Vi
79
98%
VJ
1st
101 Va
*94'A
j-d
100%
100
High
92%
97%
►121
j-j
Gold
107%
100
93%
j-j
2%s
99 3A 100%
101
4
ref
Tel
2%a
j-d
M
series
1st ft ref 23As series
Pacific
L____
series
series
100'A
j-d
1971
K
*106% 108 >/b
93%
Southern Bell Tel ft Tel Co—
1st
j-d
1970
J
series
3s
1st
1955
102
1961
Gold
I
series
93%
38
Pacific Oas A Electric Co—
3Vis
Low
93
*28
Southern
ref
January 1
No.
p-a
94%
103% 103%
f-a
a-o
Range Since
Sold
Socony-Vacuum Oil 2 Vis
10%
99% 100%
94
•
100%
A-O
Bonds
High
1941
P
ft
Friday's
A-O
Southern
1st
or
Bid ft Asked
t§ ASilesian-Am Corp coll tr 7e
'v
j-j
A—1960
ser
Week's Range
-1971
2%s
Oregon-Washington RR 3s
Friday
Last
Sale Price
Low
Shell
M-J
Electric 23As_—1975
&
Period
Skelly Oil 2%s debs
1974
1975
2%s
Interest
Exchange
High
JOgdensburg ft Lake Champlaln RJ—
1st
BONDS
Range Since
Sold
O
A 1st
guaranteed 4s
Ohio Edison 1st mtge 3s
RECORD
ENDED FEBRUARY 13
Week's Range
Last
Period
BONDS
New York Stock
MroMay, February 16, 1948
prices;
no
sales
200-
under Section 77 of
such companies.
being
per
transacted during current week.
THE COMMERCIAL &
FINANCIAL CHRONICLE
Volume 167 Number 4673
a
29
NEW YORK CURB EXCHANGE
WEEKLY
AND
YEARLY
RECORD
NOTICE—Cash arid deferred delivery sales are disregarded in the week's range unless they are the. only transactions
a
footnote in the week in which they occur.
No account is taken of such sales in computing the range for the
in
(769)
of
the
week, and when selling outside the regular weekly
year.
extensive list we furnish
range
shown
are
complete record of the transac tions on the New York Curb
Exchange for the week beginning on Saturday,
Feb. 7, and ending the current Friday, Feb. 13.
It is compiled from daily reports of the Curb Exchange
itself, and is intended to include every security,
wnether stock or pond, in which any dealings have occurred during the current year.
:
In the following
a
RANGE FOR WEEK ENDED FEBRUARY
V
Week's
Friday
13
Sales
Friday
.
Last
Range
for Week
Sale Price
of Prices
Shares
STOCKS—
York
New
Exchange
Curb
Low
Par
ACF-Brill Motors
Acme
Acme
Hat
Aero
10
1
Stores
Supply
"4.1/8
1
common
Wire Co
Adam
2%
Alloys
Aluminum
Inc
Ainsworth Mfg common
Air
Associates Inc
—
Investors
Stores
(N J)
convertible preferred
Air-Way
Electric
Alabama
Alaska
Alles
Power
4.20%
Airlines
&
Fisher
Bros
Aluminum
$3.75
(Mich)
Co
Co
of
Ltd
31%
Jan
6%
Jan
2 %
800
1%
Jan
2%
Jan
Curb
300
Feb
137/8
British
Bantam
Beverage
Car
6%
Feb
7%
Jan
3%
Jan
3%
"l%
""%
3,200
200
Jan
Amer
American Cities
Jan
"7%
Jan
Jan
2
3%
Jan
Amer
dep rets ord
British
300
5%
Feb
10
79%
Feb
82"
Jan
Jan
93
Jan
6%
Jan
2=%
2%
400
2%
Jan
3%
Jan
6%
6%
6%
300
6%
Feb
6%
Jan
"
18
18
50
18
Feb
20
Jan
14=%
14%
20
l2o
14%
Feb
22
54
5,000
50%
Feb
50%
51%
61%
92%
93
500
92%
Feb
96
23
23%
200
23
Feb
25
9%
9
Feb
13
Jan
200
155
Feb
180
Jan
155
Co
1
155
2 Vb
1
161
2
2%
3,400
2%
„
2%
800
85%
—
"
£1
86
1%
6%
85 %
6%
6%
13,800
6%
17
17
300
17
x33
8,300
31
;
100
110%
American General Corp common
$2 convertible preferred
10c
1%
1%
1%
1,600
l
34 %
34%
34%
400
preferred
$2.50
convertible
American
Hard
preferred
Rubber
1
Chem
dep rets ord reg
Post
111%
Feb
Feb
2%
Jan
33
wJm
Jan
40
43
Jan
43%
Jan
150
16
Feb
1814
Jan
30
Feb
32%
Jan
16
15%
16
6,400
15%
Feb
1714
Jan
31%
31%
200
31%
Jan
3214
Jan
-15
Feb
16
3
Feb
--
«lt*V
15
15
15%
1.900
3
3
3%
11.000
17%
20%
700
17%
Feb
23
Jan
48
47%
48
200
45
Jan
51
Jan
32%
31
32%
125
31
_
•
_
•
1
Jan
3% Jan
Feb
36
Jan
30%
31%
600
__1.10
30%
Feb
361/8
Jan
19%
19%
21V4
2,400
19%
Feb
25
3%
3%
4%
700
3 V4
Fen
•
10c
%
common
1 1
%
t
'4% Jan
_
5
14,300
Id
44 %
45
600
44%
Feb
48
Jan
4%
•
5
Products
5
700
4%
Jan
5
Jan
_
16
Jan
%
7%
7%
8%
7%
Feb
CO
6 %
7
900
6%
Feb
8%
6
6
200
5%
Feb
6
17%
Jan
2
l
Class
B—
1,100
.
1
9
Jan
Jan
&
i
Light $7 pfd
Line
Jan
4
Jan
4%
4%
3.300
4%
Feb
5%
Jan
4%
5%
1,400
4%
Feb
6%
Jan
4%
5V4
10,400
4%
Feb
614
Jan
10%
10%
10%
800
10%
Jan
10%
Jan
112% 113
1,200
112%
Feb
400
10%
Feb
13 %
Jan
10,300
12%
Feb
15%
Jan
4%
112 V*
10%
10%
11
13%
12%
.14%
£i
8 %
*
%
%
8%
100
1
8%
113
Feb
Jan
8%
Jan
1,500
%
Feb
1%
Jan
6%
6%
50
6%
Feb
Jan
l
8%
3%
3%
600
Feb
4
Jan
50
53%
53%
25
3%
53%
*
Co..
Feb
54%
3=%
4%
8,500
3%
Feb
26%
3,000
24%
Feb
4%
Jan
*6%
Feb
l
5
5%
700
*
common
Brown
Rubber Co
Bruce
(E L)
6%
7
300
.
Jan
Jan
30
6%
Feb
7%
Jan
Babcock & Wilcox Co
Baldwin Locomotive—
Silk
Mills
Burd
Piston
Ltd
—
Cable Electric
Cables
2.50
;
Co
Calamba
California
Callite
Electric
Tungsten
Camden
Fire
Canada
(A S)
Shoe
Aircraft
Bell
of
Tel
Benrus
Benson
Bread
6 %
%
&
Co
Bickford's
Convertible
Class
Blue
Ridge Corp
Blum
(Philip)
Blumenthal
Bohack
7%
(H C)
Co
&
Co
7 7o
...
&
Carman
Inc
455/.
common
x34
9%
9%
41/.,
4%
43%
x34
2,500
45
50
10%
Feb
34
53%
Jan
800
9%
Jan
35%
Jan
Feb
14
Jan
10%
5%
xl5% xl5%
100
15
5%
1,300
5%
Jan
5%
Jan
12%
„%!%•
Jan
Feb
18
Jan
14
Jan
17
Feb
%
Feb
Ifr
Feb
3%
Jan
12%
12%
I2V2
200
12%
Jan
12%
Jan
4%
4%
1,300
4
Feb
5%
Jan
2%
Jan
2%
Jan
=%':
Jan
7»/b
Jan
77b
x77/a
900
7%
Jan
8/
Feb
2=%
1,300
2%
Feb '
3%
Jan
•
—
__
Jan
18
__
:
Jan
19
•
--
Jan
•>r-
*
•
Alcohol—
*
*
Co
Carnation
Carolina
9%
400
9
Feb
10%
Jan
9 %
100
9%
Feb
10
Jan
&
1%
-h————1
I—*
i
Inc
1%
Feb
1%
Jan
175
F<*b
42 %
Jan
8%
500
8%
Jan
8%
5
5
5%
700
5
Feb
6
Jan
50
49
50 V*
900
49
Feb
53
Jan
2.50
*
Light $5 pfd
1%
38%
8%
36
36
1
common.
Power
9
9%
%
*
1
>
2,900
1 %
36
Jan
108%
Jan
llO'A
Jan
Biscuit
Carr-Consol
Amer
Carter
Co
—
4%
Jan
6%
Jan
1
Co common
Maine
Power
5%
400
5%
Jan
Jan
ig
16
1%
100
16%
;
500
16
13%
preferred—
200
1%
127%
Jan
8%
Jan
9
19
9 %
19
2,900
...
20
South
Jan
Aircraft
Cessna
Chamberlin
Co
Co
200
21/8
Voting
2%
5,600
•
8%
36
1
10
13%
gi/2
814
,
14%
8 %'
30
80
100
4,400
_•
i
Service
Colon
Feb
8%
Jan
~8%-
8%
9
80%
Jan
19
Jan
Jan
85%
Jan
12,500
8%
Feb
13%
13%
14%
535
13%
Feb
17
Jan
54
54
64
210
54
Feb
73
Jan
12%
12%
12%
12%
Feb
16%
Jan
11%
Jan
13%
Jan
1.400
3%
Feb
3%
Jan
700
7%
Feb
8%
Jan
25
3%
3%
3%
7%
8
9%
Jan
12%
Jan
13
22
Feb
25%
Jan
60
Jan
70
Jan
300
15%
Feb
18
Jan
5%
300
5%
Jan
6'
5%
100
5%
Jan
6
Feb
1,700
1
Jan
1%
Jan
200
62
70
16%
15%
17
5%
5%
5%
1
1
99.
99
107
31%
31%
34%
12
11%
12
5
Jan
Feb
1
Jan
Feb
99
Feb
20,100
31%
Feb
38 %
200
11%
Feb
12%
Jan
97
Jan
9%
9%
500
9%
Feb
1
14%
141/4
100
14%
Feb
115
Jan
8
Jan
Jan
16
& Lambert
Mfg
Products
1%
2
1,400
1%
Feb
2%
Jan
1%
1%
1%
5,900
1%
Feb
2
Jan
—.4
Co
20
10
10
27
28%
200
10
Jan
10%
1,500
24
Jan
30
7
•
Jan
7%
Jan
Feb
7%
7%
100
7%
Feb
9%
Jan
33/4
41/8
3,500
3%
Feb
5%
Jan
%
6%
7
1,900
6%
Jan
7%
6%
6 %
61/4
1,500
6%
Feb
7
Jan
3%
Colonial Sand & Stone Co
3%
3%
6,600
3%
Feb
4%
Jan
29 %
29%
31%
350
29%
Feb
33 %
Jan
1
6
1
—.
Colorado Fuel & Iron warrants
Manufacturing Co
25
Commodore Hotel Inc
1
Southern
Jan
3%
ordinary
Airlines
&
10
28%
•
common
Development
1%
1
common
26%
4%
Feb
4,800
A
Jan
27
200
26%
Jan
7
650
6%
Feb
4%
4V2
A
25
26%
6%
4%
warrants-
1,800
5
Jan
Jan
3=2
28
Jan
Jan
Compo Shoe Machinery—
Vtc
ext
1956
to
&
.1,
Coke Secur
common
preferred
G
7%
Jan
•
•
ELF
Bait
•
10%
Jan
Consolidated
Mining
Jan
Consolidated
Royalty
Feb
18
66%
Jan
Feb
70
109
108% 110
90
107 %
Jan
111
100%
1001/4 101
50
100%
Feb
103
..1
Consolidated Gas Utilities
Jan
900
100
100
common
4%% series B preferred.:
% preferred series C
4
19%
8%
8%
1,100
8%
Jan
9%
Jan
66%
68%
8%
_
Jan
Jan
Jan
Feb
7
Jan
7%
Jan
2%
Feb
3%
Jan
Cook
Jan
if/8
reu
Cooper
Brewing
8%
Jan
9%
Jan
Copper
Range
Jan
Cornucopia
36
8%
121%
Feb
43
Feb
125
'
Jan
& Smelt Ltd
Paint
Jan
27%
Jan
Corroon
Feb
11
Jan
$1
Jan
Cosden
Varnish
Co
Co
13%
Feb
1,300
814
Feb
:50
22%
Feb
.100
9%
15%
Jaa
15
9%
Jan
23
Jan
10%
Jan
15
Feb
72%
76
1.350
72%
Feb
80 %
Jan
2%
2%
3
2,000
2%
Feb
3%
Jan
*
29%
291%
31
1,100
29%
Feb
32 %
/Jan
10%
10
11%
4,000
10
Feb
14%
Jan
2%
Ja-n
2%
Jan
„t
1
3,000
11%
Feb
13%
Jan
38%
50
37%
Jan
40
Jan
2%
1
common..
12%
381%
11%
*
Co
2%
700
2%
Jan
9%
2,150
8%
Feb
2,300
%
Jan
%
Jan
Feb
11%
Jan
11%
2%
11'.
Jan
Jan
•
&
Reynolds..;
class
Petroleum
convertible
Courtaulds
American
8%
5c
Mines
9%
%
%
•
Gold
preferred
5%
72%
—10c
Coro Inc
Jan
10 ::
&
5
10
Oil.—
Continental Car-Na-Var Corp^.
Continental Fdy & Machine Co.
26
9 :y4
100
Jan
1
Inc
Commonwealth
Jan
7%
35
16%
10
Clark Controller Co
Clayton
10
Feb
75%
61
10
1
Auto
Neon
5%
85
62
—100
common
Stamping
City & Suburban Homes
City
33
22%
15
200
1
SChilds Co preferred
Cities
Jan
g3/4
15
17%
*
Lines
Mining
Jan
2G%
934
•
"'v.;..
27'4
10
13%
200
50
26%
__
•
•
36
121% 121%
—
•
•
8%
16%
•
Consolidated
Chief
8
w
16%
10
5
10
trust ctfs
1714
2%
2%
25
Feb
4
Chicago Rivet & Mach—
Chicago & Southern Air
Consol
Jan
Jan
136
=
7%
7
2.50
Consolidated Steel Corp common
~8
3,700
1
common
America—,
of
Consolidated Textile Co
7%
7%
10
Charis Corp common——
Cherry-Burrell common
Chesebrough Mfg common
$3
,
~8
6%
100
100
.100
preferred
pfd opt div ser
pfd opt div ser 1929.
Century Electric Co common
Conv
19
1
6%
preferred__100
7%
33
__
Jan
100
..5
West Corp—
17%
—
31
1
pfd
Conv
Jan
17
Jan
630
300
300
100
I Central States Elec 6%
Jan
6
Feb
2
127% 130
129
5%
34t4
Ohio Steei Products
Conn Gas
■
5%
33%
Co—
Central Power & Light 4%
&
Jan
5%
33%
—1
Corp of America
Central
Central
10
*
10
& Co
M)
(A
3.50%
4,000
2s 6d
dep rets B ord
(J W)
Casco Products common
Castle
"4%
Ltd—
Carreras
Jan
6
Jan
5%
17
Jan
100
25
33.
11
Feb
11%
•
& Power
Feb
5%
100
page
Jan
4%
18,000
11%
__
see
Jan
16%
—100
Cockshutt Plow Co
45
N
For footnotes
11
•
—i
Jan
700
1
common..
Class A
1.400
3,300
*
Co
17%
~~_l
common
11%
17
20
—
Capital City Products
Jan
__
Co
Jan
2%
common
Carey Baxter & Kennedy
16
~~
1st
Mfg
49'%
Jan
16%
1
Clarostat Mfg Co
1
preferred
Borne, Scrymser Co—
Bourjois Inc
Brillo
Jan
11
16%
5
Canadian Marconi..
Claude
*
Bridgeport Gas Light Co
Bridgeport Oil Co..
8
Feb
45
£l
preferred.
Jan
3
Brazilian Traction Light
Breeze Corp common
200
9 '
1
voting
non-voting
Canadian Industries Ltd—
Jan
& Mach Co com_»
Co
46
Feb
Feb
800
2%
23 %
8,700
B
15 %
l
common
&
(S)
Jan
Jan
1,000
A
Class
25%
1
common
Jan
2
16%
2%
Ltd.
Industrial
Canadian
Feb
1
Furniture
Inc
45
4,100
2%
preferred
Feb
__i
I
Inc
Birdsboro Steel Fdry
Blauner's common
7%
2,800
"%
Canners Ltd
Canadian
11%
51/2
common.
Hedges common
Convertible preferred
Gay
Jan
20%
.12% Feb
1
preference—
24%
1
&
Berkey
2%
Jan
•
„
50o
Insurance
50
3
common
Co
Jan
25c
Community Public Service
common
Canada
Watch
Feb
2%
15
Corp
300
J
Corp.
Bellanca
12%
2%
Power
Canada Cement Co Ltd
Colt's
$1.20 convertible A common
Basic Refractories Inc
Beck
*
12 %c
pfd-.:
Sugar Estate—:
11%
1
Corp
Beau-Brummel Ties
:-
23% /
8
/
—1
j
Products common
17
30
& Co
--
Wireless—
&
24%
Seelig Mfg—
(L)
—
•
—
Corp Amer dep rets
Biscuit Corp..—
Butler (P H) common
16
— —
Bauman
7%
Burma
11%
shares
Steel
-1
,—5
Burry
Colonial
preferred
&
.
"2
2
20%
*
Ring
24%
3
•
Baldwin Rubber Co common
Banco de ios Andes—
American
Jan
2
common
Bunker Hill & Sullivan—
25
com
B
Barlow
13%
20
21
Clinchfield Coal Corp common.'
Barium
Feb
—
•
Buckeye Pipe Line
Club Alum
7%
11%
—
—__—1
Co common
5
...
Corp new
3%
24%
25
\
Jan
5%
"
Sons
Collieries
Jan
103 34
1
America
preferred.
Ayrshire
10%
Jan
4%
Atlas Corp warrants
&
Feb
98 %
•
Atlas Plywood Corp
I
;
Automatic Steel Products Inc
Automatic Voting Machine—
F|
Jan
8%
650
2.50
Associated Tel & Tel class A
Atlantic Coast Fisheries—.
(B
3%
1,000
...10
Refining Co
Coast
600
Jan
♦
Associated Electric Industries—
American dep rets.reg
Atlantic
Feb
17%
9V8
8%
*
common
Associated Laundries of
Jan
100% 101%
8%
100%
Equipment Corp
Oil
~3% "3%
..1
pfd—100
non-voting—
preferred.——
Ashland
—
£1
.
Arkansas Power &
100
•
i
Distillers
Forman
Central
dep rets ord reg
Arkansas Natural Gas
Common class A
11%
Jan
2
preferred
Appalachian Elec Pwr 4%%
Argus Inc
Jan
11%
Jan
450
_
Angostura-Wupperman
Apex-Elec Manufacturing Co
6 7o
Jan
1%
Jan
16%
A
Co Inc common
Anglo-Iranian Oil Co Ltd—
Avery
35 %
109%
75
Feb
30%
2'
Angerman
Amer
18%
.10 s
British Columbia Power class A
Catalin
Anchor
Aro
Jan
16
$G series preferred—
6%
Jan
18%
1
Republics
Seal-Kap common
Superpower Corp com
Writing Paper
7
Jan
25
class
——
Feb
30
American
American
Jan
__
•
American Thread 5%
Jan
90
30%
American Meter Co
Amer
2%
Feb
•j
American Mfg Co common
American Maracaibo Co
American Metal Products Co
Class B
American %
Jan
--
25
&
%
25
preferred
Potash
110% 111%
25
Laundry Mach
American Light & Trac common
American
2
20
Co
American
6 c/o
Jan
31
•
common
32%
% c/o
Jan
2
50
10
4
Feb
£1
;
reg
11%
15%
Jan
Light—
1
Hoe
High
100
Jan
50
9%
_100
&
Low
16%
Jan
93
Class B
American Fork
Range Since January 1
High
16%
Jan
23
common
American Gas & Electric
L010
Celanese Ltd—
Bruck
5%
79%
87
•
Power &
Shades
*
dep rets ord bearer
Brown
79%
■
.•
American Book Co
for Week
Tobacco—
American
Co
American dep rets 5%
American
Sales
Range
of Prices
Par
Oil
Jan
100
6%
12%
•
common
American
Week's
Last
Sale Price
Exchange
British-American
Amer
100
Aluminum Goods Mflg...
Aluminum Industries common
Aluminium
Jan
2%
•
common
preferred
Jan
5%
— —
•
America
cumulative
5%
Jan
--
~1
5
common
common
Feb
31%
—•
York
■
Jan
5%
2%
1
Products
—
"1%
1
Altorfer
3V2
200
13
6%
—
1
common
Allied
'
High
Feb
4%
100
Inc
Internat Investing Corp..
Allied
12=%
50
pfd
■
New
"
3
Appliance
Alabama Great Southern
2%
400
l
6%
2%
—
*"*
10
50c
10
preferred
500
.
'
—
—
6
2
common
JAireon Mfg Corp common
60c
4%
—
1
Air
Convertible
2%
•
1
stock
capital
Mfg
Surpass Shoe
L010
X
*
5
Agnew
High
4%
warrants
STOCKS—
Range Since January
10%
10
Xl0'/2
600
3%
3%
1,200
3%
Jan
3%
14
13%
14 %
GOO
13%
Jan
14%
41/2
5%
3.400
4%
Feb
6
Jan
48%
49%
100
48%
Feb
51
Jan
4%
Feb
1
A
___.
common
preferred
*
1
4%
50
10
Jan
Feb
Ltd—
dep
receipts
(ord
reg)_£l
4%
Jan
"
Feb
Creole
Croft
Petroleum
Brewing
—3
Co———————.1
37%
1
37%
1
38%
1
VB
6,000
5,100
37%
1
Feb
Feb
43
1%
Jan
Jan
..J
Monday, February 16, 1948
THE COMMERCIAL & FINANCIAL CHRONICLE
(770)
30
CURB
YORK
NEW
EXCHANGE
RANGE FOE WEEK ENDED FEBRUARY 13
Week's
Friday
New York
1
•
i'V' —'
: •—
1
Exchange
Curb
'"'ij''
K'
v
Range
Shares
(Md)_
6%
2,100
6%
Feb
774
Jan
Gobel
574 '
5%
6%
300
574
Feb
7
Jan
5%
5'/a
5%
2,400
5'/a
Feb
7%
Jan
Jan
15%
Jan
International
Cork
Crown
•
A
Crown Drug Co
common
Crystal Oil Refining common
Atlantic
Cuban
5%
Sugar-
_B
__
100
preferred
Curtis
Mfg
3%
3%
374
,
Jan
2%
Feb
Jan
Goodman Mfg Co.
Jan
Gorham Inc
Jan
Gorham
33
16%
4,200
Feb
Feb
19%
$4.50
104%
Jan
8%
Feb
9%
Jan
Grand Rapids
100
5%
Feb
8
Jan
15%
100
1472
Jan
Varnish
Non-voting
16
500
15%
Feb
18%
Jan
674
7
500
674
Feb
7%
Jan
8
500
7%
Feb
9
Jan
Jan
200
13674 13674
41
-25
4174
96
Feb
103
10
135
Jan
137%
350
98%
94%
94%
.100
41
Feb
44%
Jan
Feb
974
Jan
8 74
■
Stores Products common- .25c
.100
Gulf States Utilities $4.40 pfd
.'
Grocery
~6%
Davidson Brothers Inc
8%
Mfg class A
debenture
Derby Oil Co
Detroit
Detroit
Gray
A
Diana
8
&
Stores
Corp
7'%
Jan
35%
6%
Feb
7%
Jan
500
9%
Jan
; io%
Jan
10
Jan
11%
—
Jan
1174
Jan
Hammermill
Ltd
Paper
Electric Light.
2%
700
2%
Jan
274
Jan
Hartford
20%
900
187a
Feb
23%
Jan
Hartford Rayon common
12%
Jan
13 74
Jan
Harvard Brewing Co
5%
Feb
674
Jan
Hat
1,400
6
574
Amer dep rets ord reg
Dobeckmun Co common
Domestic
Credit
1
1
..
Dominion Bridge Co Ltd
Dominion Steel A Coal B
Dominion. Tar A
Chem
Co
Dominion Textile Co Ltd
Draper
Duke
Feb
Hearn
Feb
12%
Jan
Hecla
274
Jan
3%
Jan
Helena
n%
1,100
11 Va
Feb
1474
Jan
Co
"9%
50
~9
67
67
68%
225
—
—
10
Co
•
Durham
Hosiery class B
4%
-1
common
Texas Sulphur
*
900
14%
Feb
8%
Jan
10
Feb
Jan
11
Jan
■_
Jan
11%
Jan
10%
1074
150
10%
Jan
9%
9%
300
73%
Jan
Henry Holt A Co common
Jan
36%
Jan
76
Jan
Heyden Chemical common
Hoe
(R) A Co class A
—1
Jan
Jan
8
Jan
14
Jan
4%
Jan
4%
Jan
14%
Jan
Horder's
3%
2,600
Holly Stores Ine
20%
1,500
19%
Feb
23%
Jan
54%
200
52%
Feb
5574
Jan
774
874
1,300
7%
Feb
9%
Jan
3%
374
500
3%
Feb
4
Feb
4%
24
4174
43
32
33%
10574 10574
10
Jan
Humble Oil
79 74
220
7874
Feb
85
Jan
100
66 %
Feb
7974
Jan
Hussman
57
Feb
58
Jan
States
Corp
$6
i
274
2%
1,300
2%
Feb
3%
Jan
57%
61%
250
57%
Feb
65%
Jan
Huyler's common
54
55%
,125
54
Feb'
61%
Jan
1st
preferred
Hydro-Electric Securities-
--
■
J
Corn
shares
of beneficial
1-
int—.
__1
11%
11%
11%
1,600
1174
Jan
pfd shares of beneficial int_
$5
_1
50%
50%
52 74
325
50%
Feb
874
Feb
Easy Washing Machine B
Electric Bond
A
Share
874
Electrographic
Inc
1
:
preferred
Smsco
Derrick A
lquity
Corn
convertible
Esquire
_i
Equipment
9
f ift»
preferred
20
128
3%
500
3%
21
2 74
i
•'*
>
'
"7 '
"
■
'
16%
—
98
'
674
7%
1 %
i—:
92
10
98
1%
■
43
—
Jan
Jan
274
Jan
Feb
17%
Jan
Feb
45%
Jan
Jan
98
Feb
6%
Feb
8%
1174
Feb
12%
Jan
1%
Feb
174
Jan
300
—.
Jan
42%
150
42%
Feb
44%
Jan
7%
674
7%
1,200
674
Feb
'874
Jan
1
2ii
2%
2%
10,400
2%
Feb
3%
Jan
Jan
28%
10
common
374
100
374
Feb
4%
Jan
10'A
600
974
Jan
1274
Jan
41%
41%
100
41%
Feb
44
Jan
4%
Jan
5
Jan
%
800
V
574
Feb
774
Jan
100
34 %
Feb
100
2%
Jan
4274
274
Jan
Jan
900
17%
Feb
25
Jan
26%
Jan
54%
Jan
~5%
6
1
34%
34%
35
274
274
274
17%
—
574
17%
20%
26
26%
•
50
Illinois Power Co common
convertible preferred
5%
Illinois Zinc Co common
26%
—
—
28
__
—
l
1074
10%
Fairchlld
1
374
3%
11%
4
Falstaff Brewing new com
1
Fansteel
•
11%
11%
12%
_10
47%
46%
47 V4
274
274
Association
(Phila)
First York Corp common
$2 dlv cum preferred
10c
15
15
1574
1,700
9%
Jan
9,000
3%
Jan
4%
Jan
15
Jan
1574
Feb
11%
Feb
14
Jan
46
Jan
48%
Feb
2%
Jan
2,100
3,400
160 4
12
Jan
2
Jan
37
Jan
16%
200
Jan
34
—
1
Feb
17
Feb
Fishman (M H) Co—
5c
-
x65
..
25%
2,300
11%
52%
350
11
> Feb
5
;
/
registered——!——£1
—__ •
v
Imperial Chemical Industries—
Amer dep
rets
1174
1174
.
Jan
0
16%; Jan
Feb
5%
Feb
Feb
Feb
13%
13%
Jan
1174
700
Jan
XlO v xlO
Jan
10%
Jan
12
•xlO —
8
:
,
Jan
11%
5,300
12%
..1174 *12
1174
L*
Canada;.-
Imperial Tobacco of
Jan
600'
iwwmyk
"11.:
Imperial Oil <Canada) coupon
Registered
Jan
1374
Jan
9%
200
Imperial Tobacco of Great Britain
A Ireland ,7 ■■ r.„ /■i,-; —'
9074
92%
120
90%
Feb
94%
Jail
93%
96
900
93
Jan
97%
Jan
14%
14%
100
13%
Jan
15
Feb
52%
Indianapolis Pwr & Light 4V-pfd—100
Insurance Co of North America
10
International Cigar Machine
•
53
Hydro-Electric—
5 2'A
50
•
Petroleum coupon shs—*
shares
*
Products—10
Safety Razor B_.
•
International
Falrchlld Camera A Inst Co
Fire
-•
-
.
Preferred $3.50 series
Metallurgical
Jan
78%
10
1
to $1 Stores
16 %
16%
200
Registered
International
International
International Utilities
common
preferred
Interstate Power $7
10%
Jan
237a
Jan
Feb
13
Jan
10%
Feb
1274
Jan
13'/a
Feb
17
Jan
174
100
14%
300
17a
1%
1,000
10'A
300
10
-
Feb
2%
Feb
1174
Jan
Feb
8%
Jan
10
Jan
7%
100
1%
7,900
174
Feb
174
Jan
17'/a
550
16%
Jan
18%
Jan
474
17
7%
1%
%
7%
Jan
5%
Jan
74
Jan
1
Jan
17
1
•
Italian Superpower A
58%
Jan
10%
4,500
13%
1
—,
,
1074
10%
10%
Mfg voting trust ctfs—•
Iron Fireman
10%
5
—•
Irving Air Chute—
Feb
23%
—
—
1
Investors Royalty
53
200
■
Industries A
International Metal
Airplane
36
Feb
4,400
—
Hygrade Food Products-
International
Engine A
Feb
250
69
Jan
l
Eureka
Corp Ltd
Eureka Pipe Line
42%
1
Inc
Jan
32%
33
67
Jan
5,900
.
••
1%
22
Jan
108
Jan
4%
Jan
Jan
Jan
11%
146
Feb
15%
800
Jan
Jan
105%
Jan
11%
Feb
12
54%
Feb
2%
600
—
;
2%
15%
2%
inn
common.
9%
23,500
_
80
Empire District Electric fi* pfd
Empire Millwork Corp
$3
is
-
900
9%
10
129
3%
3%
l
Elliott Co common
9 74
128
t
Corp
Electromaster
5 %
~9%
common
Electric Power A Light 2d pfd
Option warrants
*
Jan
Jan
I
*
$2.25 preferred
,
Common stock warrants
2%
•
35%
33
374
57%
Sugar Associates-
44%
148
Feb
107a
common—•
Refrigerator Co
*
preferred series B
Eastern
A
Jan
32
68%
•
series
Feb
Jan
Jan
33
5
Hurd Lock A Mfg Co.
225
60
144
*
*
Refinlng.
A
70%
preferred
26'%
Feb
4174.
300
4174
•
A Hardart common
66%
$7
24
50
24
—
A) A Co common—
(Geo
7874
Eastern
Jan
Inc.
67%
—
~7
19%
8
Holophane Co common
Feb
13
79%
„■
Feb
Jan
52%
19%
10
_5
3%
loo
29
Jan
Jan
100
Iron
Jan
10%
97%
6%
—1
-—-
6%
Malleable
11%
Feb
Jan
974
97
100
preferred w w
4%%
Eastern
Feb
Jan
Jan
11
•
preferred
Hubbell (Harvey) Inc.
prior preferred,
preferred
16%
10%
112
5%
374
15%
100
4%
Horn
374
14 %
1,800
Horn A Hardart Baking Co
3%
Feb
100
Hormel
East Gas <fc Fuel Assn common———*
7%
1,000
Feb
200
400
1,500
9%
A
13%
4%
13%
13
7/4
11
Jan
8
common
Duro Test Corp
Duval
7%
10%
75
__
8
7%
•
8%
~9%
__
__
Jan
7%
800
10%
Hollinger Consolidated G
rets ord reg
Jan
274
Jan
1,400
7
10%
Feb
74
Dunlop Rubber Co Ltd—
Amer dep
3%
Feb
6%
2
6%
"874
36
—
~
Feb
2
3/4
2
Rubinstein
67
—
274
900
274
25c
Heller Co common—
"974
•
Jan
lis
Dept Stores common
Mining Co
Class
—
Ltd
common
*
Harris
Power
1474
10%
3,200
5%% preferred w w_;—.
Corp_
Driver
Feb
200
27a
*
29
56%
Jan
11
1474
10%
1174
-
.
274
Feb
6%
_•
Corp
274
_
—,
51
2
-1
10%
£1
Corp class A.
Jan
Jan
2%
—1
__1
Hazeltine
Ltd
Co
5%
38%
7%
5%
20
51
51
Corp of America B non-vot com -1
Hathaway Bakeries Inc
Distillers
&%
Feb
400
600
10
25
8%
5%
Feb
Feb
33
7%
5.%
22%
18%
574
Jan
'
Feb
Co
Hamilton Bridge Co
~2%
BOo
common
—
__
19%
104
H
—5
Lamp
18
2,900
20%
18
•
.
Jan
100
Feb
Gypsum Lime A Alabastine
Hall
_1
18
B
120
103'A
<
.
Feb
200
9%
18%
102
—
Jan
300
—1
Products
Raynolds class
Feb
7
6%
100
;
ManufacturingIron Foundry
Detroit Steel
Devoe
674
6%
9%
B
common
Gasket
Feb
6%
BOo
common
37%
Jan
34
35
Dayton Rubber Co class A
Dejay Stores common
Dennison
50
37%
36%
Davenport Hosiery Mills.
Jan
Jan
7%
stock
common
1st preferredNorthern Paper
7%
Great
56
—3
Gray Mfg Co
Great Atlantic A Pacific Tea— T
Jan
65
15%
Jan
150
5%
16%
Jan
Feb
Feb
Feb
__1
102%
8%
14%
—
974
6%
56%
55
10
57%
Jan
Jvin
300
74
Jan
74
Jan v.-
350
7
pfd. ,_25
Motors $5 conv
Graham-Paige
91-
>
6,900
56%
5%
__
Feb—
-
._10
common
Jan
28%
85
200
55
6%
6%
Jan
Feb
42
u
55
.50
874
—
74
class
Mfg
"...
374
5074
22%
25
23%
•
.
High
.
Jan
; Feb
2%
1,600
42
•22%
„1.<-
Low
274
2%
Class B
Range Since January 1
High
42
prior preferred
Goldfield Consolidated Mines
28
„
18'/a
Feb
2%
100
——
—2.80
•
15
1,800
2'A
1674
17
__
(Mo)
3%
«...
—.
•
Inc common
Co
250
15
2%
3%
•*
10
Cuban Tobacco common
Curtis Lighting
15
15
25o
_
—-w--——.
preferred
$6
2%
Godchaux Sugars class A_
B
_
Ul
(Adolf) Inc common.
6%
V
Shares
Prices
Low
Pur
High
Sales
for Week
Range
of
Sale Price
Exchange
Curb
6%
•
Cent Petrol
Low
High
York
New
Range Since January 1
l
Crosley Motors Inc
Crowley Mliner A Co
Crown
Low
Last
STOCKS—
for Week
of Prices
Par.
■'■r
.
Week's
Friday
Sales
Last
Sale Price
STOCKS—
74
T%
700
Ford Motor Co Ltd—
Amer dep rets ord reg.
Ford Motor of Canada—
4%
474
17
171/2
4%
1,100
4%
Jan
5%
17%
2,300
16%
Jan
18%
Feb
18%
JE1
Class A non-voting
Class B voting.
Jan
18%
Jan
Jan
Ford Motor of France—
Amer
1
dep rets bearer
Fort Pitt Brewing Co
Fox
1%
1
2,300
conv
Fuller
874
Jan
100
774
Feb
16
350
14%
Jan
_50
28'%
28%
30
350
27%
Jan
_1
V/a
7%
7%
500
7%
Feb
9%
974
9%
10%
300
974
Feb
12%
Jan
7%
7%
preferred
Co
A)
1
6%
6%
7%
1,300
6%
Feb
974
Jan
Jefferson Lake Sulphur Co—_»
1
474
474
474
Feb
6
Jan
,1
5
474
1,500
Stores
2,400
4%
Feb
5%
Jeannette
Jim
Glass
Brown
Preference
Co
common
common—
19
Jan
7%
.30
Jan
Kalser-Frazer
Corp
.u——
A Electric 7 "h
conv
General
Co
1,000
2%
800
4%
1,400
—
—
Feb
10%
Jan
86
Jan
Jan
7%
974
Jan
Feb
274
Jan
374
Feb
4%
Jan
2374
Jan
874
Feb
874
Feb
6%
Feb
8
Jan
774
—
Feb
2
Jan
8
Feb
25
Jan
Kldde
874
—1
6%
„10
.
General Fireproofing common
General Outdoor Adv 6% pfd
•
874
6%
6%
1,400
774
JB1
preferred series A
100
8
27
29
r
99
100
30%
100
150
1,000
30
'
.
27
98
Feb
35%
Jan
100%
Jan
Jan
Phoenix
Corp
1
General Plywood
Corp
1
•
General
Public
Service
$6
General Shareholdings
$6
convertible
com
Georgia Power $6 preferred
$5 preferred
Giant
Gilchrist
1674
800
95
95
10
3
1,100
5
Feb
574
Jan
1574
Feb
18%
95
Feb
99%
374
Jan
96%
115%
50
114
Jan
117
10
110%
Feb
110% 'Feb
4%
Feb
115
474
4%
700
■
—
,
—
T-
274
16
5
18%
Jan
Glen
Harvester
Alden
Corp
•
Coal.
Glenmore Distilleries class B.
11
11
100
11
Feb
B
21%
23%
900
21%
12.
Feb
19%
20%
2,400
1874
16%
2,500
1474
Feb.
13%
14
700
13%
Feb
2574
8%
10V4
400
9
Jan
103
45%
Feb
53
Jan
37%
45%
Jan
46
Jan
Feb
14%
Jan
.15%
.
LA
4
••.7...
For footnotes see
page 33.
13%
Feb
lie
Jan
,1A
Jan
1374
Jan
,12% .Feb.
7%
Krueger Brewing C<L—a—i*
1
10
7
,1,10a
15 a
100
15
5
Lake Shore
10%
1
-
21%
50
Mines
Ltd
——
14%
Jan
23%
Jan
8%
Jan
Feb
17%
Jan
Jan
Feb
Feb
.
Lakey Foundry & Machine—v— „1
Lane Wells Co common—
Jan
Class
Jan
La
Salle
United
B
Bakeries
9
•: 7
v
7 74
7%'/
class A
Machine*
-
5
-
Jan
Lefcourt Realty common
Leonard
_25
1474
Jan
Le
Development
;
1
Tourneau
<R G>
Inc
—1
Jan
6%
8%
Jan
8'A
Jan
Feb
200
7%
600
20'A
Jan a.
23
27 %
Jan
28
Jan
22%
Feb
24
Jan
Feb
21
-6.
9%
•
Jan
1074
Jan
774
19;-
;
„1
Jan
16
Jan
2174
22%
■
5
2174
Oil
2,600
-
;7jA
—
__
Jniversity—
.
2174
217a
•
Monotype
Ext
—V
of Delaware —
__1
1,000
'
•
Lamson Corp
Jan
Feb,
974
X1474
__
1074
•
; 1
25
22%
400
1974
16
19 A
674
Jan
Jan
Jan
100
6
Feb
9%
100
9%
Jan
1%
6,200
1
Feb
174
Jan
1,100
16
Feb
1974
Jan
6
'
Inc
1774
14
15.
4% jari
Jan
400.
13
15
Feb
Jan'
1.700
22%
—1
Jan
10%
1474
10
Kobacker Stores-—
9%
Jan
'u
Jan
Feb
4,800
1 %
commoni.:^-^.(...-~~.~w!.--—1
Feb
Jan
1574
—374/Feb.;
2,300
■
.17:..,,
12%
12%.
13
400
1374
1474
.
1%
.
Co common—•
(I B) Rubber Co
Knott Corp
' 413
—
30
45%
21.74
(D Emil)
Kleinert
45%
,,
444.;;; -, 374/
1
2174
Jan
1474
19%
1
Globe-Union
23%
475
101
Petroleum^-i^--.^----.--.--i.-i.'-l^
Klrkland Lake G M Co Ltd
Lanston
.2.50
8%
9%
Jan
Gladding McBean A Co
Gleaner
8%
(Walter) A Co.
Langerdorf
11
15%
14
Jan
Jan
,
Co
1574
200
Feb
Feb
11
Jan
93
94%
115
12 %
Jan
Feb
50
274
*
•
15%
124%
100
83,300
Jan
9474
1
(A C) common
Preferred
900
15%
Yellowknlfe Gold Mines.
Gilbert
5%
110% 110%
preferred
Corp
preferred
5
Jan
Feb
12%
1574
8%
.
Klein
13
124%
5
*
Laclede-Christy Clay Products
General
Jan
11%
*
Kimberly-Clark Corp^-4% %
preferred_i—
.—100
Kings County Lighting W pfd B
100
3% preferred
—10o
King Seeley Corp—;/.2-——
Kingston Products.
...,: yAA————-1;
Kirby
Ltd—
General Finance Corp common.
...
8%
3%
7%
"4%
Amer dep rets ord reg
5%
86
7%
2,
1
preferred
Electric
9
2,300
-100
General Builders Supply Corp.
5%
9% ■;* 9%
9%
Jan
Jan
12%
100
pfd_
,—
,,
..
11%
1
.
Key Co common
Garrett Corp enrnman
Gatlneau Power Co common
Jan
2574
K
Feb
Kennedy's Inc
preferred
5
Feb
Jan
25
•
Jan
Kansas Gas
5%
474
*
—
Julian A Kokenge Co
Kawneer .Co
Gellman Mfg Co common
General Alloys Co.
4%
Jan
—B
—1.29
Stores
(Geo
Jan
14%
Franklin Simon A Co Inc_
4%%
2
15
774
(Peter) Brewing.
Franklin
Feb
17
10
Jan
•
% Volume 16" dumber 4673
•
•
•
•/
'
.
V.
\
••
THE COMMERCIAL
■
YORK
NEW
RANGE FOR
.
Friday
East
STOCKS—
New
York
Exchange
Curb
Week's
Par
Line
Material
Lionel
Llpton
Lit
(Thos J)
Brothers
Loblaw
Inc 6%
class
Locke
Lone
Steel
Star
Corp
Common
1%
ctfs of
-
21%
Feb A A
' .'Jan
!
30
23%
Feb
23%
25
22
Feb
22
22%
Feb
26%
Ogden Corp common
Feb
Jan
8%
<
.
Feb
18%
7.%
18%
19%
7,900
18%
Feb
20%
7%
200
7%
Feb
8%
%
7,000
%
Jan
1
56%
300
55 %
Jan
60
51%
450
50
Jan
55 %
16%
11,200
15
Feb
18%
111
Jan
112
Feb
18
Co
common—!—*
B
preferred
Natural
15
15
Stores
Manischewitz
16%
6%
Co
B)
International
Communication
Marion
Power
Massey
Harris
McAleer
5%
Corp
$2.50
Co
£
8%
9%
"i%
23%
1
1%
-
x24%
•
1
.
~9%
10
22
22
warrants
A preferred
Corp
5
Feb
6%
t
Middle West
2'
3,100
23%
Feb
400
9%
Oil
Midland
Corp $1
pfd
8%
.
1,400
5%
Feb
1%
3,400
1}
Jan
1%
6%
108
Feb
110%
Oil
Midwest
4%
Jan
Jan
"4%
Feb
Jan
44%
Jan
3%
200
3%
Co
common
P
&
5ft
L
Corp
Monogram Pictures
Loan
Mountain
States
States
Tel
Murray Ohio
Mfg Co
Muskegon Piston Ring
Muskogee
Co
Namm's
Corp
8%
600
8%
Feb
9
Jan
20%
1,100
6%
6,500
5%
Feb
19,000
14
13%
Feb
8%
18,500
7%
Feb
10%
25
10%
Feb
Jan
15%
9
Jan
Jan
13%
Jan
3%
4%
1,000
18%
4,300
2%
18
1,500
3%
18
26%
Inc
Jan
7
7%
5%
19
Jan
Feb
14
Jan
2%
50
Feb
Feb
1,200
31%
31%
5%
6
7
30%
5%
2%
Jan
Jan
7%
Jan
Jan
33%
Jan
Feb
6%
99
25
99
Feb
104
Jan
26
100
25%
Jan
27
Jan
7
1,300
6%
Feb
7%
3%
2.300
2%
Feb^
3%
Jan
2%
2.300
2%
Feb
2%
Jan
Feb
11%
2%
11
11
170%
170
170
~3%
170
300
1,300
Jan
173
Jan
36%
3%
Jan
Feb
4 %
National
7%
Bellas
Hess
common
%
(r.
4,100
A
Jan
12%
13%
2,900
12%
Feb
14
28%
29
200
26%
Janv
29
Feb
98%
Jan
100%
25%
Jan
26 %
Feb
13 %
12%
Jan
26
12
12%
200
1,100
5%
__
2%
*
5%
2%
200
3
33%
5%
A Jan
Pressure Cooker
National Radiator Co—
National
Rubber
Steel
11%
National
Transit
Producers
(Herman)
2
Nestle
32
•
8%
Le Mur Co class A
4%%
New
Clock &
Service
4%%
of
1
Co
2%
3%
Jan
Jan
35%
Feb/'
34
Feb
2,500
cumulative
Power
New
Mexico
New
Park
.
preferred
Light—
&
Arizona Land
New
Process Co
N
Y
&
Quaker Oats
N
Y Merchandise
N
Y
.100
100
9%
Jan
23%
300
22%
Feb
28%
Jan
Jan
211
1,300
2%
Jan
~2%
Jan
2%
2,200
2
Feb
2%
Jan
11%
900
Xll
Feb
13%
Jan
60%
530
1
011 00
Feb
61%
Jan
9
9%
500
8%
Jan
10%
Jan
4%
4%
100
4%
Feb-
14%
Jan
700
3%
Jan
1,600
12%
Feb
■A 13%
Jan
11%
Jan
11%
Jan
87
Jan
89
Jan
37
Feb
58%
58%
'•Jmm
*
,
4
12%
'
—
—
.'
„
37
37
7'/a
38%
250
7%
500
7
9%
9%
T%
14%
;
*
Jan
Feb
10
1%
1%
10
1%
2,600
8%
;
.
Jan
11%
'
Jan
9%
Jan
2 %
Jan
•
Jan
10
Feb
9%
Jan
300
~
— —
Jan
40
"
10
Feb
4Va
*
Jan
400
7
Jan
5
9%
Jan
96
96
96
50
94%
Jan
97
Jan
95%
95%
96
75
90
Jan
97%
Jan
36%
37%
500
36 %
Feb
43
12
12
13
575
12
Feb
14
8
8
8
100
8
Jan
8%
*
common
6ft
preferred
Quebec
Power
100
Co
85
85
144%
88
144 % 144%
190
;Jan
.
8%
Jan
Jan
90%, Jan
Feb
85
110
144%
Feb
151
13%
Feb
13
*
Jan
Jan
R
Radio-Keith-Orpheum option warrant*..
Railway & Light Securities—
Voting common
10
Railway & Utility Investment A
1
Rath Packing Co common
10
Raymond Concrete Pile
common
$3 convertible preferred—
Raytheon Manufacturing
*
1%
1%
1%
13,500
1%
Feb
2%
Jan
15%
15%
15%
100
15%
Feb
17%
Jan
—
30%
30%
75
30
Jan
31
Jan
31
31
200
31
Feb
34
Jan
7
10,100
1%
—
Jan
.
1%
Jan
*
Feb
12%
Jan
Reed
Roller Bit
Regal
Shoe
1
Jan
Reis
15%
Jan
Reliance Electric
32
Feb
38%
Jan
(Robert)
Co
1
& Engineering
&
5
400
8%
Feb
10
Jan
Rice Stix Dry Goods
Richmond Radiator
100
10%
Jan
11%
Feb
8%
11
6%
—
4%
—
18 %
6%
19%
%
Feb
19%
Jan
6
8%
Jan
19%
200
1,300
2 %
Feb
3%
Jan
325
18%
Feb
24%
Jan
100
25
Jan
27%
Jan
800
21% Jan
4%
2%
4%
2%
21
25
3%
1,100
3%
Feb
4%
Jan
3,500
1%
Jan
2%
Jan
4%
Feb
5%
Jan
1
3%
18%
25
3%
—1
Rio
100
5
•
Co
Feb
Jan
'14
common
Co
1%
1%
1%
89%
89%
20
87
Jan
92%
Jan
42
43
100
42
Feb
48
Jan
10%
500
10%
Jan
*
.
Grande Valley Gas Co—
(Texas Corp) v t c
—
,
~3%
Feb
~4%
Feb
2%
Jan
3%
Jan
Rochester Gas <fe Elec 4%. pfd F
Rolls
11
10
11%
1,000
8%
Jan
11%
Jan
13%
—
13%
100
13%
Feb
14%
Jan
4%
200
4%
Feb
5
Jan
Jan
92
4%
„
86
84
89
150
84
5%
60
59%
6%
61%
2,900
Amer
Rome
dep rets for ord
Cable
Corp
Jan
Roosevelt Field
Jan
Root
5
common
Inc__
Petroleum
Jan
Rotary Electric Steel Co
59%
Jan
Jan
Rowe
Jan
Royalite Oil Co Ltd—
1,800
6
Feb
8%
1%
2,800
1%
Jan
1% Jan
Corp
Russeks Fifth
17%
10
i
common
Ave
4%
5
9%
200
8
1
,
._*
800
8%
1,700
_4%
5%
Jan
25%
Jan
Jan
20
Jan
Jan
Feb
7%
8%
Jan
14%
Jan
10
—
Jan
14 %
—
— —
Feb
17
—
1.25
common
18%
Feb
%
4
1
12%
64%
(The)
9%
24%
9%
5
Co
Jan
6%
—
£l
reg
Jan
1%
—
Royce Ltd—
6.
6
__
100
*
11
__
Jan
10
Jan
5
Jan
25
75
Feb
77 '
Jan
Ryan
Aeronautical
Co
1
4%
500
3%
Jan
10%
10%
100
10
Jan
10%
Jan
Ryan
Consolidated
Petroleum
•
9
9
10%
2,600
9
Feb
11%
Jan
27
27
27 %
150
27
Feb
29
Jan
Ryerson & Haynes
1
5%
5
5%
700
5
Feb
6%
Jan
„
14%
15
200
14%
Feb
15
Feb
17%
Jan
•
8%
30%
8%
29%
9%
31%
2,800
8% Feb
13%
Jan
50
9%
8%
10%
12,500
,_1
2%
2%
2%
2%
*1,300
29% Feb
8% Feb
2% Jan
37%
1
75
__
•
Rosarlo,—
10%
Feb
8
1,500
•
common
Honduras
Jan
8
_10
Manufacturing
1,500
1
Auction Co common
Y
8%
600
.2 A
•
3%
1
N
200
2
*
•
2%
25
Mining Co
Jan
Jan
Jan
6
<fc
prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common
12%
200
32
11
20
Jersey Zinc
Jan
Jan
33%
11%
1
convertible preferred
Jan
Colorado—
$5
Pyrene
5%
57%
11
Feb
10
8%
— -m
*
3%
100
Watch
48
Jan
xll
2i9a
—
*
j.
2%
_*
.
England Tel & Tel
100
Jan
54%
■
Jan
2
12%
Gas
3%
5
Haven
.
10
~3%
Corp of Nevada
Puget Sound
Jan
33 %
13
32
__
5
New
/
,
Jan
5%
11
1
2%
Corp
New
22%
23%
2.50
1
common
Neptune Meter
4%
8
3%
America—.
Roeser & Pendleton Inc
Nelson
9%
„
12%
*
30c
common
—
2.50
100
Prosperity Co class B
*
National Union Radio
49% Feb
4 % Jan
1,300
51
4%
:
5
1
common—
common
of
13%
*
Ltd
Feb'
6
Jan
50
11%
12'%
__
4
Machinery
Car
Jan
15%
12,800
33%
1
National
11%
1
Mfg & Stores
Feb
14
33 %'
National
National
4%
—v
Jan
Jan
National Mallinson Fabrics,J
common
Jan
.
Jan
12
11%
26
12
1
common
5
500
105
Jan
100
25
National Fuel Gas
Metals
Providence
Jan
*
common
Feb
Jan
A
1
preferred
102%
50
Jan
12%
10
National Breweries
49%
103
5%
Jan
35%
~3%
of Canada
Prentice-Hall Inc
Pressed
Jan
2%
11
50
Pratt & Lambert Co
Jan
99
26
6%
common
1st preferred
Public
700
2%
Jan
4%
Jan
13%
2%
*
common
49%
25c
Mining Co
Powdrell & Alexander
6%
Jan
Jan
50
10
Polaris
Corp
Jan
6%
,
shares
Amer
Pleasant Valley Wine Co
Pneumatic Scale common
Jan
22%
Ltd
Pittsburgh Bess & Lake Erie RR
Pittsburgh & Lake Erie
Pittsburgh Metallurgical common
Power
.10
—
•
1
2
N
Nachman
5
1
2%
2.50
common
common
•
Pitney-Bowes Inc
3%
•
„
•
.
Piper Aircraft Corp common
Jan
6%
Feb
4
Jan
6
400
__
103
Jan
24
%
15,600
Feb
Jan
5c
Tel
5%
„
Jan
Jan
Jan
)' 43
350
6
-
Jan
99
2%
6
4%
—
21%
4%
9%
Feb
3%
■
Feb
Feb
V'
80 :4 Feb
150
6
v,
Jan
18
2,800
Feb
Feb
2%
23%
Jan
13
30%
5%
50c
7%
21
3
23%
12%
i
Feb
Feb
.1,000
700
600
25
11
—
Feb
10%
8%
50
6%
44
Jan
10
—
43
26%
12
600
—
Jan
Feb
54%
Pinchin
23%
7%
.
15
24%
«*•*
2,200
18%
96
Feb!/':
23%
45,800
Jan
14
300
'
Jan
91
10
Pioneer Gold Mines Ltd
Feb
Jan
48.
Feb
19
104%
10
4%
Jan
*
common
&
Philadelphia Co common
Phillips Packing Co
!
Johnson
101% Feb
49%
Jan
7%
*
Power
Mountain
1
9
7%
Jan
.80
Pharis Tire & Rubber common
'
Jan
30%
31 %
2.50
2%
10
Mountain
—
Feb
425
10c
Producers
;
Corp
Feb
22
1
Plan
(The)
Jan
25
1
pfd
Corp of America
Mountain City Copper common
Morris
♦
Pepperell MfgCo—
Perfect Circle
12
18
•
—2.50
1%
13%
18
5
Montgomery Ward A
Moody Investors partic
Co
8 %
*
common
Utilities.
"Pep Boys
100
5%
21
.1
Society A
Dakota
Water & Power Co
pfd
200
100
common—
Molybdenum
Montana
Jan
Traffic
•
class A common
600
25
*
pfd,
Missouri Public Service
Monroe
'
6
Jan
Power «fe Light 4%%
7%
35%
Jan
100
25% x30%
4%
2,600
5%
50
Mining Corp of Canada
Minnesota
25%
•
Gas &
Jan
Jan
Jan
—
44
1
Penn
Elec
93%
24%
—
25
1%
50c
—
preferred
Jan
9
Jan
33%
190
"J
Cement warrants
6
25
l
convertible
200
10%
,
•
8%
10%
10
Refineries
Wohl
4%%
Feb
12
*
Pierce Governor common
Piping & Supply common——*
Co
900
31
23%
18
Penn
Jan
Feb
4%
7%
50c
Midwest
34%
93%
1
Penn
Jan
22
21%
Mid-West Abrasive—
Jan
—
25%
Penn
;
Jan
Feb
75
19
13%
*
Jan
10
93%
5
Penn-Dixie
Feb
12
1,200
1,900
8%
*
dividend shares
17 %
Feb
1
Corp
Co
Pennroad Corp common
Feb
5%
•
4
6
common
Jan
8
—
Peninsular Telephone common
$1 cumulative preferred
1
Feb
Products—
non-cum
Miller
i
Motors
Pen
1%
19
;
Jan
15
200
101% 103%
102
•
•
7%
5
conv
17%
2,700
8%
30%
7%
*
1st preferred
5%
__
t o__l
.
Jan
15%
31
•
—100
8%
__-5
on
Steel
Mid-West
28%
'40 "
Feb
Feb
Jan
£
Corp—
Midland
Co
v
Jan
7
33%
34
Patchogue Plymouth Mills
Jan
108
1%
1
Ex-distribution
$2
1
c
Distribution
Midvale
6
•
Micromatic Hone Corp
Middle States Petroleum class A
34%
3,400
8
Parkersburg Rig & Reel
Feb
Feb
43
10
Feb
1,100
8%
15
25
Page-Hersey Tubes common
Pantepec Oil of Venezuela Amer shrs
v
Jan
Feb
3%
2.50
—
15
1%
4'/a
_1
Feb
4%
6%
15
—.
v
$1.30
Jan
23 %
108
3%
25c
Michigan Bumper Corp
Michigan Steel Tube
Michigan Sugar Co__
10%
6
108
——1
Participating preferred
B
13%
,
100
Messabi Iron Co
Class
100
Feb
2,900
1%'
1
•
& Scott
Jan
—
25
Pacific Public Service
2%'Feb
200
.
10
1%
Preferred
8%
900
Feb
38%
*
Co
Mfg Co
Chapman
Textile
Feb
*
Menasco
Metal
23
V
25%
.5%-
6%%
Jan
Feb
Feb
~i%
5%
*
12%
12
23
10
Memphis Natural Gas common,,——5
Merrilt
Jan
Jan
2%
4%
Dredging
&
6%
16%
400
13%
common,
Mead Johnson
Feb
Feb
Paramount
4%
common—,,
Jan
§
1st pfd
1st preferred
/ Parker
13%
preferred
McWilliams
6
15
—
1
„
preferred
Oil
12 %
_*
common
convertible
McClanahan
McCord
12
10
:
36%
109%
Feb
—
1
Lighting $5 preferred
Pacific Power & Light 5ft pfd
•
common
Mfg Co
16
£1
Shovel
Jan
Feb
1%
16%
'
15
Securities
Pacific Can Co common
Marine
Ltd
Co
200
500
6%
15
*
—
Mapes Consolidated Mfg Co„_
Marconi
15
1
common
(The
Jan
33
106
8
*
Pacific
5
10
1%
175
100
1,000
.1
Overseas
M
Public Service Co
1%
35%
8
—
1
5% %
Mangel
—
15
Pacific Gas & Elec 6ft
Maine
„
100
Gas
1%
34 Vi
106% 106%
30%
31
1%
80c
class
Omar Inc
Jan
111% 111%
*
Macklntosh-Hemphlll Co
High
Jan
15
15
15%
1
Low
Jan
10
1,400
—
2
Range Since January l
High
Jan
A ctfs of dep
Power & Light $6 pfd
Shares
Low
O'okiep Copper Co Ltd Amer shares
Corp
for Week
Jan
50%
Oklahoma
Jan
55%
Brass
Power 4%%
Old Poindexter Distillery
Oliver United Filters B
Jan
%
Ohio
Ohio
Jan
7%
%
preferred B ctfs of dep
Louisiana Land & Exploration
Range
'
Par
Feb
22
Jan
Sales
Week's
of Prices
Last
Sale Price
Exchange
Jan
Jan
25
8
Curb
Jan
800
■
„
dep
6%
Louisiana
18%
418%
Lighting Co—
preferred
Lynch
1,100
York
New
High
Feb
8%
22
10
1
common
Longines-Wittnauer Watch Co
Long Island
16%
27
————5
Chain
Gas
500
v :
23%
23%
♦
Class B__
13
Friday
Low
*
21
8
*
A
FEBRUARY
STOCKS—
Range Since January 1
Higli
18%
8%
4
common
Groceterias
Shares
17
--
EXCHANGE
WEEK ENDED
for Week
16%
;
—
10
preferred—25
Corp—
Range
Low
-5
Co
CURB
(771)
Sales
of Prices
,
Sale Price
•
FINANCIAL CHRONICLE
__
lo
10
75
common
4%
Shipbuilding Corp—
Founders shares
„__1
14%
i4i/2
200
.1
7%
7
7%
28,100
7
Feb
5ft
1st preferred
100
92%
92
93%
250
92
Feb
102
Jan
5%
2d
100
104
106%
60
104
Feb
117
Jan
|>r
100
Niagara Hudson Power
common
preferred
Class B optional warrants
__
104
J4
—
.
14%
:
Feb
8%
%
\h Feb
Jan
Jan
St
Lawrence Corp
United
Bamson
Niagara Share Corp
class B com,—5
Niles-Bement-Pond
Noma
Mines
9%
9%
12'%
Electric
Class
B
6%
191%
•
North American Utility Securities
Northern
5
Northeast
Central
Texas
Oil
Airlines
:
Penn
Co
Aircraft
3,400
7%
7,000
375
page
33.
11%
Jan
Sayre & Fisher Brick Co
13
25c
Jan
Schulte
Jan
Bcovill
Feb
18%
Feb
Bcullin
Steel
Feb
7%
192%
-.
Manufacturing
15
190
Jan
900
36
Feb
43
38%
300
38
Feb
.43
2%
100
(D A) Inc
Co
Securities Corp General
—
Jan
Beeman Bros Inc
Jan
Segal Lock & Hardware
1
Jan
Belby Shoe Co
Selected
•
1
2%
2%
3
3,200
2%
Feb
3%
Jan
&
1/64
1/64 Feb
%
Jan
$5.50
Jan
Allotment
35
7
__
21%
98
-
Jan
92
103
Industries
prior
25
98
Feb
Jan
Bemler
1,800
35
Feb
42%
Jan
Sentinel
8
3,400
Feb
8%
Jan
Sentry
Safety
Jan
22 %
Jan
Berrlck
Corp
21%
.
,
200
7%
21
Inc
common
5
stock
25
certificates
37
(R B)
Corp
common
Control
class B
1
1
1
10 %
—
,
300
3%
1,000
2%
30%
6,400
2%
•
Jan
3
Feb
2%
Jan
11
—
200
28% Feb
lt)% Feb
—
2% Jan
900'
17%
300
2%
22%
3,800
250
2
2%
6,100
14%
14
15%
75
75
78
16%
2%
—
2
—
1
Inc
Radio
11
—
*
Convertible stock
98
1
2%
Jan
7
2%
28%
Jan
19%
35
2%
29%
*
common
Feb
Feb
__
3
1
2%
90
—
2%
25
common
15%
49,400
—1
—
1,800
Jan
12 %
Jan
2%
Jan
3%
Jan
4%
Jan
3%
Jan
Jan
Jan
38%
*
(Del)
300
25
•
—
see
pfd_100
Savoy Oil Inc
1A
1
6%
common
Jan
9
16
1
Inc
Novariel-Asrenp Com
For footnotes
Jan
50
Northern Indiana Pub Serv 5%
Northern States Power class A
Northrop
Feb
12%
Corp
15%
'
RR
17
6%
2%
„
1
Rights w i
North
9%
100
3,700
191% 191%
38
__
•
15
-
36
__
*
common
Jan
4,600
11
15%
♦
North American Rayon class A
8%
12%
1
,1
preferred
200
10%
12'%
5
North Amer Light <fe Power common,, 1
$6
8%
,1
Nineteen Hundred Corp B
Nipissing
8%
__
•
Ltd
Class A $2 conv pref—
Bait Dome Oil Co
4%
—
1
—
2
21%
4%
2%
1
10%
33
Jan
12%
Jan
2%
Jan
18%
Jan
Feb
2%
Jan
21% Feb
24%
Jan
2
Feb
2%
1,550
14
Feb
18
Jan
77
100
75
Feb
82
Jan
79
100
78
Feb
80%
Jan
4% Jan
2
Jan
1
Jan
10% Jan
5%
Jan
2%
Jan
1%
Jan
11%
Jan
4%
2%
1
10%
1,500
800
600
10Q
16%
2
Feb
Jan
31
32
THE
(772)
COMMERCIAL
YORK
NEW
RANGE
York
New
Friday
Last i:'
io'HuS
STOCKS—
*
Exchange
Curb
common
*
Bhattuck. Denn Mining-
13'
5
Leather
2%
Bhftwinigan Water & Power———
*
Bheller Mfg Co
———--1
2o
common
l
100
1,100'
1,200
104% 105
160
:
3
Feb
16%
Feb
Shoe
16%
Jan
73
Jan
Wagner Baking voting
7%;. preferred
104
Jan
105
Jan
Waitt
3.90 °I*
"7%*;
~6%
6%
6%
1,200
241
Manufacturing Co.,.
Bono tone Corp—
Soss Manufacturing common
—
Corp common
3%
256
4
Jan
Whitman
9%
2,200
8
11%
Jan
3
3%
1,300
3
Feb
3%
Jan
Wichita
3%
2,900
3%
Feb
4%
Jan
Wickes
7%
8%
1,200
7%
Feb
9%
Jan
Williams
4
4%
500
4
Jan
4%r Jan
~7%
%
Feb r)-'
Wilson
Jan
36%
Jan
29%
Feb
31%
Feb
36%
36%
10
1,600
27
Jan
29%
Jan
Woodley
600
23
Jan
25%
Jan
Wool worth
Southland
36
5%
(S)
Jan
1%
Feb
11%
100
Jan
23%
Feb
3%
Jan
19%
Feb
9%
Jan
11%
26%
Jan
29
5,000
1%
2
Feb
100
1%
Feb
1%
Feb
100
10
IOO
27
26%
2%
19
2,100
%
150
105 %
Jan
7%
7%
100
7%
Feb
8%
4%
700
3%
Feb
5%
'
4%
3%
60
Jan
3%
Feb
5%
52%
52%
52%
Feb
61%
23
100
22
Feb
25
300
15%
Feb
19%
Feb
8%
1
*
—
Superior Tool & Die Co—,
6
15
Jan
7%
Jan
14%
Feb
1%
A 5
Texas
Power &
10%
1
Feb
15%
Light 7%
31%
650
27%
6%
275
3%
2,600
12 %
14%
800
14%
25
10%
10%
29%
29
30
11%
12%
—100
pfd.
Texon Oil & Land Co
Feb
20%
Thew
5
5
Shovel
Thor
Tilo
Co
common.:
Corporation common—!
Roofing Inc
Realty k
Brewing Co
Tlvoli
Jan
31%
Feb
6
k
Tobacco
Allied
Feb
3%
r
Amer
dep rets def reg——
Shipyards Corp
Todd
14%
Feb
10%
Feb'-
11%
Jan
118%
10
Feb
29
900
Jan
11%
Lt
mtge
3s
ref
1st
ref
Jan
13% Feb
124.%' Jan
&
Pwr
(Bait)
Consolidated
Gen
Gas
"
1st
City)
4%s
mtge
Delaware
(Bait
Lack k
N
B
Fuel
&
Marelli
Ercole
Elec
Mfg
A6%s with Nov 1
Jan
A General
Jan
Jan
Green
100
5%
5%
Feb
6%
Jan-
Jan
50
6%
•
—
—.
Jan
1%
Jan
1%
800
88
89%
270
88
95
95
50
92
1%
7%
1%
" Feb*
Feb
Jan
1%
Jan
1%
a6(/2s ex Nov
Finland
1
1947
Residential
Jan
6%
Jan
1%
1%
1%
3,800
1%
Feb
2%
6
Feb
9%
9%
*
Jan
—
.
—
Jan
97
1
G
6
200
10
1,600
9%
"U
'
9
Mountain
series
Power
Corp
A6%s
Union
Investment Co
Union
Oil
$3.75
Union
Co
12
Feb
Jan
pfd
United
series
Aircraft
United
United
United
Corp
*
,
Omaha—
Products
1,200
(Dec
50c
com
Corp
A7s
United
United
Milk
10
7
900
93
175
~3%
1%
"3%
40
40
3
5,400
100
%
8
32
32
1941
16
16%
United
United
10%
United
NJ
RR
Profit
&
18
18
18%
22
Hydro-Electric
United
—
Specialties
U S Foil Co
,
U
S
$5
U
S
and
1st
class
B
preferred
Radiator
Stores
Consolidated
Universal
Products
Utah
&
38%
3&%
8%
Jan
Jan
6(4
Jan
Qii—
10
S^or footnotes
see
page
33.
84
93 %
8
104
104%
22
103%
104%
21
105%
106%
104%
78
79%
404
92%
78
*103% 104%
99
81%
102
99
2
98
98
105
103
98%
22
106%
99
97%
24
*112% 114%
__
98%
105
/--
;
57
59
35%
36
109
115
!;
.
115
;
22
55%
4
29%
15
100% IO0%"
97%
61%
37
101%
120
*110
+28%
:-
—
68
*58
J-D
60
101
61
*56%
103
100%
104%
*103
J-J
*103% 104
"
103
59
103
103
101
103
58
M-N
59
102%.
102%
102-%
103%
—
103%
104
J-D
*23
25%
23%
25%
*23
25
23
25%
F-A
*23
26
24%
26
23
23
1
23
24%
23-
23
1
23
26
23(4
25%
99%
1955
—1957
-
J-J
1952
—
12
11%
2
98%
99%
33
95%
J-J
61
58
65
60
52%
65
26
28 %
1952
coupon
1952
1947 coupon
3%s
3%s
—1969
J-D
Jan
6,100
18
Feb
21
22
Feb
30
Jan
25%
Jan
2%
%
Jan
600
50
247
Jan
1%
Feb
2
Jan
Jan
Jan
10%
Jan
1,450
55%
Feb
62(4
Jan
960
38%
Jan
41%
Jan
Feb
9%
Jan
2,700
2,300
70%
70%
74%
200
13
13%
1,500
"10
v
11%
2
Feb
14%
Extended
>•-1;'
Jan
England
3
21%
108
101% 101%
1963
1st
8%
A-O
*59%
Park Lexington
3 (4 s
6
3
12%
107
108
2
101%
101%
60%
58%
3
60%
102%
104
104
106
101%
108
*102% 103%
Public
Service of New
6%
perpetual
Queens Borough
5%s series A
102 %
2%
21
Feb
3%
Jan
Feb
22%
Jan
8(4
&
5s
collateral
Stinnes
a7-4s
United Electric Co of
7%
Jan
United
3%
Jan
A7s
with
Jan
A 7s
ex
6
Feb,
3
3%
500
3
Feb
400
xl2%
Feb
:
.,
r14-
143
143
144%
Electric
Dec
Dec
/
26%
M-N
M-3
*101
104
*113% 116
•
103%
,
A-O
4
V
'
34
'
"V*
140%
144%
M-S
102%
102 %
A-O
103 %
Elec
103%
—
ioa%
3 (4s
(
103% 104
102%
113%
.
v..
113%
67
101%
103%
6
101%
104 fV
10
98%
100%
i-
100%
102%
'.J
98 %
J-J
98%
1970
F-A
1989
1950
M-N
99
100
A-O
*114
119
1966
A-O
69
69
1946
J-J
1946
!
■*
|
—
•
*9!)
A-O
*101
*22%
102%
-
25
99
—w--',
69
29
..
.
25:
1
1
:
100%
4
115-.
1
•
.<
116,*
75
,
•L
%
27 •%:
N J 4S
Service
1
1940
1 1947
22
23
8
22
27%
22
27%
3
26
7
103
27
Co—
A6%s with Aug 1 1940 coupon—1953
A6%s ex Aug 1 1947 coupon
1953
Jan
1.800
104:%
1
Industries—
Jan
6%
103
1
28
1970
2nd stamped
Hydro-Electric
10
6
92
104%
—
(Hugo) Corp—
3rd stamped
98
92
106%
102V8
89
104%
104% 104%
1965
3s
3 (4s
(Calif)
...
Feb
10
104%
*103
M-N
trust
(Hugo)
12
*104% 104%
A-O
—1971
Gas
AStarrett Corp inc 5s
5s
91
1951
3s
Feb
92(4
'
3s
Edison
Spalding (A G)
89
\
1952
Gas
44% Jan
105
101%
...
Gas & Electric—
California
200
w
certificates
California
39%
14
*15
Counties Gas
mtge
105%
Jersey—
Scullin Steel inc mtge
1st
89
1960
coupon
Safe Harbor Water Power Corp 3s_ 1981
San Joaquin Lt & Pwr 6s B
1952
Southwestern
J-J
105
*101% 102%
28
Southern
Jan
1,000
1947
105%
coupon—1960
Southern
Jan
12% xl2%
3
,
Co—
Southern
3
7 00
%s ex Oct 1
1940
1
Jan
2%
2,200
Oct
Jan
Feb
CO
108
103% 103%
*106
J-D
1970
Hydro-Electric
with
Jan
Jan
j-j
Pennsylvania Water & Power 3(4s_1964
18
2(4
CO
103%
A-O
1964
1st mtge 3s
A-O
1971
81 %
2'A
21%
1968
Feb
700
92%
4s_—_
1st mtge 3%s
mtge 3s
Feb
300
3
3 (4s
Power
Feb
2%
2T8
to
13
2%
21
4%
70%
2%
39%
at
2 %
2%
2%
17
25
Jan
25
17
21%
•
F-A
J-D
Jan
20
—
J-J
2004
Jan
2
22
*104%
1956
Ohio Power
%
17
21%
J-J
1966
Light
29%
17
—1963
Power
&
*27
M-S
18(4
25
99%
M-N
34%
1%
13%
*22
J-J
1967
9
.„5
-20c
82
98
Valley RR—
A7-4s
—_
36
88
100
*;o
1961
Jan
Syndicate Inc
87
84
101
NY & Westchester Ltg
Jan
Manufacturing
82
1970
Corp deb 4%3
Stinnes
V'x.-t
98%
J-J
New
40
29
Venezuela
58
M-S
Milwaukee Gas & Light 4%s
Feb
■20
.„1
168
19
J-D
Feb
4%
Jan.
Feb
1
110%
168
99 %
*15
Jan
3(4
40
Jan
..
—
;
Jan
Jan
common
98
--
M-8
•
Jan
26
convertible preferred——
Venezuelan
Petroleum—
—
—
62
20
$4
109%
170
Co—
1940
McCord
Terni
Valspar Corp
May
96
39%
*
M-N
J-J
Jan
10
common
A-0
Feb
common-—10
5
Light
—
99
92(4
Feb
39
1
Sugar
Power
_25
50c
.
Co
1
1
Power
Feb
Feb
13%
Insurance-,
Universal
Nov
Nov
Kansas
6%
Jan
10
57 (2
:—
common
Universal
Utah-Idaho
1%
10
56(4
warrants—*
common
U S Rubber Reclaiming Co.
United
1%
Securities—*
with
ex
Electric
245
5 6(2
1
99%
105
99
*100
Altalian Superpower bs_
16
1
common.:
International
with
Kansas
25
10
-Preferred
1
100
1952
Jan
32
22
25
25c
94
1957
Jan
3,400
100
common
109% 109%
A-O
Interstate Power 5s
A 6
—
Machinery
J-J
1952
6%
—
Sharing-
preferred
Shoe
103%
1949
(July 1941 coupon)
A6%s
—
104%
96%
1
A-O
(Aug 1941 coupon)
A7s
Piedmont
Canal
12
1963
series F
A 7s
2%
150
.
•
dep rets ord regis
97 %
J-D
1957
Feb
United Molasses Co Ltd—
Amer
96%
1949
coup)
Jan
26,700
33%
16%
22
7
common-
Preferred
High
102%
103% 103%
105% 106%
78%
61%
%
♦
;
Corp common..—.
Light & Railways
Products
92%
—
—»
Gas
53
33
104
—1955
1
4%
6%
warrants——
Elastic
6%
5 "A
100
common
Low
Sec—
Power
Midland
A-
Chemicals
United
4%
6r!a
•
Stock Yards of
January 1
No.
94%
105%
-.,1958
series E_,
A7s
Calif—
of
Range Since
Sold
94
-—Jan
1%
5
*
Bonds
High
—Jan
series C
A6%s
A 7s
A7s
lOo
Corp——
Canada
Jan
Jan
Range
Friday's
103^% 104%
1956
3%s—
B._,
International
Isarco
of
or
Bid & Asked
1948
Indianapolis Power k Lt 3 (4s
Jan
U
Chemicals
Week's
104%
—.1961
—
Rayon Co 6s ser A
Debenture
Gas
9%
2%
■
...
Realization
Feb
Feb
1
CM
104% 104%
1953
coupons
Hygrade Food 6s ser A
Jan
Unexcelled
8%
6,100
Jan
Mtge Bank—
standard—
5s
Jan
5
Ulen
100
%
Jan
95
2,000
Union
Jan
100%
'
;
Grand-Trunk Western Ry. 4s_
5,200
preferred-
19%
A-O
195«
14%
1%
•
Feb
M-Q
1965
Co—
15%
5V2
Works
Jan
13
J-J
1940 coupon—1953
Feb
5%
—
M-S
1954
Elmira Water Lt k RR 5s—
Feb
1%
Lamp
14
*—
__
82%
M-S
.1993
Jan
\
j-j
A-O
'.
13%
700
'400
109%
Q-f
J-D
M-N
—
13
13%-14
5'%
Inc
Feb
—
3%s__
17%
13
13%
96%
J-D
1993
mtge 4s ser
Gas
104%
103%
1981
mtge 4s ser A
Feb
Jan'
1%
convertible
Jan
11%
RR—
Jan
13%
5%
80c
Feb
95
Division—
J
51
.1
Tung-Sol
id
94%
M-N
_1976
:
—
Western
of
21
—1
Trunz
600
Jan
17
10
2
—1962
Feb
II100-
warrants
14%
21
1,700
*
—
P
ser
Jan
Trans Lux Corp
Tri-Continental
300
Jan
Jan
Jan
1977
mtge 2%s ser Q__
2%s series R—.—_
Gas
11%
-
12%
Jan
5%
15%
14
1969
El
ref
44
.
18%
96
Feb
3%
75
Feb
31%
•
Toledo'- Edison 4%>% pfd-~
Tonopah Mining of Nevada—
.
400.
1969
400
1%
4%
14%
j-j
—1958
i—
1st
Jan
12%
5s_—
800
■'
11%
8%
j-j
*L„Jan 1966
350
——*
Feb
0.1,
*
J-D
1954
18%
''
10 %
Last
—1948
48%
—-»
25
8%
1998
2%s conv debs—
Jan
50
——-——
10%
Sale Price
1955
5s
6s
regis
Jan
Corp—
1st
Feb
Security Trust Co Ltd—
Amer dep rets ord
Jan
11%
13
1970
3s
Consol
Jan
3
2,200
•
Stocks
Jan
7%
Feb
8%
—1964
Guantanamo h Western 6s
Tobacco
Jan
Jan
20%
Feb
Period
—
17%
-
18%
16%
1
redeemed)
Debenture
Jan
7
16%
Cs
47%
13
Feb
Jan
19% Feb
6%
~2%
•
5%s A_„
17%
—%1
:
5s
1953
48%
13%
15
14
£ 1
4%s
11 (2
1
Construction.
Jan
10%
11%
—
3(4s__—1970
11 %
1
Tishman
Jan
50
Interest
Electric
Debentures
Jan
13%' Feb
1,500
120
120
2
25%
1,700
96
--
Exchange
5s
Debenture
Jan
17%
11%
•
Jan
Jan
6%
17
17
2
redeemed)
Service
A 1st
;
200
35%
10%
3%
100
:
2%s__
(10%
Eastern
i
~
Jan
6%
14
—
1960
Steel
(10%
%s
Cities
Jan
300
12%
A5s
Jan
1
17%
x3
common..—.—
33%
1
„
28%
24
•
15%
Jan
156
r
Feb
10%
—
1
deb
States
Lackawanna
Technicolor Inc
pfd-
C—
Edison
ICentral
-
Taggart Corp common
Tampa Electric Co common
Jan
Feb
27%
IOVB
*
Curb
Tel
&
Bethlehem
Jan
13
100
6
12%
19%
Feb
140
—
6%
25
common
York
series
Boston
Jan
200
,l.
14%
13%
13%
T1
Swan Finch Oil Corp
5%
2%
1,200
„
v
29%
__
—25c
•
Feb
17%
17%
*
Sunbeam Corp
Sun Ray Drug common
Superior Portland Cement, Inc.
1
14%
%
2,300
13%
1
8
14,300
6%
6
13%
1
& Co common
300
1
%
%
Jan
—
__
1
w
City Electric 3 (4s
Telephone of Canada—
5s
Jan
8
8
6
113%
-
■
♦
Atlantic
Bell
Jan
13%
w
Electric
Tel
Assoc
Jan
15%
5
—
—
(F W)
Associated
Jan
22
15%
1
Jan
Jan
16%
20
--
15
__1
Appalachian Elec Power
Jan
1
—*
Jan
8%
150
Low
Jan
3%
3,500
*
Co common
--
2
2,100
28%
—
Jan
Feb.
Feb
112
140
Friday
Feb
107
2%
_
1
1
5
BONDS
Jan
8
17
4
1%
<
27%
6(4 Jan
Jan,
7
--
*
•
—
--
10
Petroleum
New
Jan
3%
105% 105%
1
■
Jan
13
Feb
v.
3%
100
1,200
Feb.-:
10%
!w. 5
Jan
Jan
3%
52%
1%
7%
Jan
~7%
—
1%
Jan
Jan
19%
10
—*
common
v
Jan
"2% Jan
.
..
Jan
400
19%
~3%
Co
Corp
common
preferred
Jan
2%
22
6%
—1
—
—
—
Jan
2%
26%
&
2%
9'%
-
Jan
23
1%
Corp..
Shop Inc
Stroock
Jan
1%
8%
1
(Hugo)
Stop ii
5%
700
2,000
-
—1
Co
Corp
Steel Co of Canada
(J. B.)
Jan
1%
1%
Sterling Aluminum Products—
Sterling Brewers Inc
Sterling Engine Co
Sterling
lire
J
Stetson
Jan
4%
22%
1
Stinnes
5
43
Feb
9
—
1%
Corp
Co
Jan
3%
1%
1
&
36
1,350
140
—
27%
20
Ltd—
American
deposit receipts
6%
preference
Wright Hargreaves Ltd
Feb
8%
9
1
Standard Tube class B
(A)
1,200
100
1,100
1G%
—
•
1
Wisconsin P it L 4'%%
Woodall Industries Inc.
Jan
37
Feb
4%
800
4
—•
Starrett
Stein
37
3%
*
(The)
5
36
3%
—_
Preferred
Products
200
5
5
•
*
Standard
Brewing Co
2.78
Standard Cap & Seal common—.
1
Convertible preferred——
10
Standard Dredging Corp common
1
$1.60 convertible preferred
—20
Standard Forgings Corp
1
Standard Oil (Ky)
10
Standard
;
5%
3%
__
10
Oil
Winnipeg Elec
25
Standard-Thomson
com
Corp
Brothers
33%
28%
V
*
1st pfd—100
Stationery
•
—
5
(R C)
& Co
Products Inc
Willson
50
Jan
11%
__
1,900
35%
High
Jan
Jan:
_-
36%
24%
—
(Wm)
30%
27%
Standard Power & Light
Common class B___
preferred
Coke
Coal—
River
34%
,
25
Royalty Co_
Spencer Shoe Corp.Stahl-Meyer Inc
k
1.25
Inc
(The)
29%
34%
---4..'
27 To
cum
$6
k
Tablet
3%
23.
-25
—25
conv
4.32%
Coal
Jan
-
200
7
-7
Maryland Ry 7 %
8%
3
~1
1
—1
1
preference-.
preferred—
Southern Pipe Line——1
4.48%
Utilities
"2%
5
—
—1
Weyenberg Shoe Mfg
Line———i—10
original preferred——
Texas
Virginia
Westmoreland
Jan
1
Corp
Western
Feb
Southern California Edison—
5%
■;
Manufacturing.
West
Jan
~2
—
3%
Co
Aircraft
2
8%
10%
1
30
Watch
500 .?:•
—
Jan
90
Jan
90
j ?- s
u a rv
'
'■
Low
2
—
Baking Co warrants
Warner
Jan
Inc
Westmoreland
.—..12.50
South Penh Oil common
Feb
241
150
249
Ja n
100
Western
241
1
Solar Aircraft Co
7%
Feb
'V^l
'V; -^r>
1
.Stewes,;..,; Rang# Sine#
High
2
—
trust ctfs ext_*
pfd.
cum
Waltham
Jan
West
100
*
Solar
Southwest Pa Pipe
11%
Feb
10
350
£ 1
preferred—'—
Paper Mills
Coast
i
10%
10
*
1
100
(Howard)
South
17%
Feb
15
Bond
k
Wentworth
Bimplicity Pattern common
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec Co—
Smith
100
Publications—
preferred*.
convertible
15
•
Jan
Ward
*
Simmons-Boardman
$3
15
Co
68
—•
Bilex Co common
Aircraft
Waco
$2
*
class A———*
of America
Corp
v
W
Jan
Sherwin-Williams of Canada
Slclt's Breweries Ltd
for Week-
.of Prices
Low
Jan
Sales
Range
s»te ?ftee
Par
17% Jan
12%. Feb
500
71
68
2%
1,600
16%
13%
Week's
Last
Exchange
Curb
High
Feb
13
York
New
Range Since January l
Low
12% xl2%
preferredu^-^-i——i.-—i-—JOB.
4%.
Shares
2% :
2%
71
Sherwin-Williams
13
16
16
Friday
STOCKS—
High
13
ENDED FEBRUARY 13
Sales
of Prices
Low
Monday,* February 16, 1948
EXCHANGE
CURB
FOR WEEK
for Week
Range
Sate Price
Par
Beton
Week's
& FINANCIAL CHRONICLE
*15
-.1949
J-D
103!
35
;
103% 103%
,
.
103 %
Co—
1956
coupon.
coupon
;
1956
*'
*26%
*15
32
■mmmf
27%
--
27%
Volume .167 Number 4673
THE COMMERCIAL & FINANCIAL
.
YORK
NEW
RANGE FOR
BONDS
v:
York
New
v
Interest
Last
or
Exchange
Curb
Period
Sale Price
b<u
u.
v
January 1
No.
High
—1954
M-S
__1964
J-D
West Penn Electric 6s__„_
2030
1960
A-O
J-D
$118V2
1959
F-A
J101 % 102 %
conv
5s
Union—
105 %
77
105 % 105
107
107
75 %
102%
105 Va
107
%
Peru
107 "A
119
120
101
—
Curb
102 Va
(Plan A)
reduced
to
Rio
to 2 Vi (k
de
A Russian
e
2Vis
2008
J-J
stamped
reduced
(Plan
value,
par
Friday
Last
Week's Rang*
or Friday's
Bonds
Range Since
Period
Sale Price
Bid & Asked
Sold
January 1
Low
Agricultural Mortgage
A20-year 7s
;
A20-year 7s
Bank
(Col)
A-O
High
27
27
15
15%
23
—
included
(not
15 %
3
24
,
24
$23
3
3%
J-J
3
3
in
year's
sales being
2%
3%
2%
3%
(not included in year's range),
range)..
f Ex-distribution,
.
Under-the-rule
no
27
18
-
year's
range),
transacted during
d Ex-interest,
Ex-stock div.
h Ex-
g
Transaction
r
cash
for
current week.
Low
No.
High
High
Bonds being traded flat.
§Reported in receivership.
above—"cod," certificates of deposit;
Abbreviations used
"cons," consolidated;
"cum," cumula¬
39 Vi
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates;
"w i," when issued;
"w w," with warrants; "x w," without warrants.
$65
J-J
Jan 1947
Low
28
U-S
_1919
Deferred delivery transaction
a
transaction
n
January 1.
No.
A
—
April 1946
15
transaction (not included in
(not included in year's range),
x Ex-div.
y Ex-rights.
Interest
Exchange
$25
f
J-D
2012
6Vis
1921
Odd-lot
Range Since
Sold
High
A)
2%
to
Government
principal.
Bonds
Friday's
Bid & Asked
J-J
$Friday's bid and asked prices;
Curb
or
,,
.
.
Vis
•No
BONDS
Sale Price
C, D, & E__1997
ser A, B.
Janeiro
Interest
Foreign Governments & Municipalities
York
Last
Period
of)—
(Republic
1 %
A 5
New
Week's Rang*
Interest
Exchange
stamped
Interest
77
■
debentures
f
«
t75
York
Low
Parana
'■'v.A6s income debs
Wash Water Power 3%s__
6s
BONDS
New
High j:
Low
Hotel—
West Penn Traction
Western Newspaper
13
Range Since
•»
o
33
EXCHANGE
FEBRUARY
Friday
Bonds
MiiO
Friday's
Low
Waldorf-Astoria
(773)
Week's Range
Friday
i
CURB
WEEK ENDED
CHRONICLE
$65
■
«
Bogota
(see
Bank
Mortgage
Valley 7s
ACauca
of)
1948
J-D
:|:36%
40
38 Vi
External
5 Vis
1955
M-N
$—
90
84%
External
5s
1953
F-A
$__
78
78
$7
10
Danish
Cons
Municipal
Loan—
84 Vi
'
78
Below are the
Danzig
Pert
&
A External
Waterways;—
,
6 Vis
J-J
stamped—
:
1952
ALima City (Peru)
6Vis stamped_1958
Maranhao stamped (Plan A)
Interest
AMedellin
reduced
7s
to
2 Vis
stamped
774
M-S
$15
17
15
$24
26
25
listed
10
$36 Vi
3-D
—1951
Bank
39
—
(issue
of
May
Indus-
(issue
of
Oct.
1927)
.—
Af-N
$44 Vi
$44 Vi
—
Mortgage Bank of Denmark 5s
$19%
J-D
1931
44 Vi
44'/3
10
Total
Second
10
Grade
Grade
Utili¬
40
7
Bonds
roads
tles
Btocka
trials
Rails
Rails
ties
50.05
trials
32.21
61.53
100.41
102.60
87.08
101.55
97.91
87.12
9
169.82
50.13
32.25
61.57
100.54
102.60
101.62
97.97
Feb.
10
165.65
48.13
31.65
59.89
100.51
102.60
86.87
101.56
97.88
165.69
48.35
31.68
59.97
100.40
102.58
86.63
101.56
97.79
166.33
Holiday
48.35
101.73
97.82
81
81
85
11
Feb.
—
$__
J-D
1972
65
169.79
Feb.
AMortgage Bank of Chile 6s
Util-
Feb.
—
A-0
1947
-1947
Rail-
First
10
7
Feb.
1927)
A 7*
20
Indus¬
Total
IB
30
39 Vi
of Bogota—
A7s
-Bonds—
-Stocks-
25
Date—
Mortgage
daily closing averages of representative stocks and bondi
the New York Stock Exchange as compiled by Dow, Jones & Co.
on
15
M-N
2008
:
7%
12
Feb.
13
"
Holiday
60.12
31.73
100.23
102.70
86.64
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDED
FEBRUARY 13
Friday
Baltimore Stock
Week's
Friday
Range
for Week
of Prices
Share*
Arundel Corporation
Low
•
Baltimore Transit Co
v
com
t C—
14
of Baltimore 4 7
Co.
13%
400
16%
Jan
17%
2.50
Feb
5
Jan
16%
Feb
23
Jan
pfd cl C
100
100
100
50
100
Feb
Fidelity & Guar Insurance Corp
10
40
40
20
40
Jan
Feb
100
40%
Jan
20
preferred
Amsterdam
Casualty
73
105
32
105
65
Jan
75
Feb
9
75
100
—
prior
6.757
105
Jan
106
Jan
,
3.607
preferred
26
25
26
Feb
28%
Jan
90
10
89
Jan
91
Jan
45 %
26
26
90
2
U 6 Fidelity &
100
__
Guaranty—
45 Vi
50
47
390
45%
Feb
48%
Jan
58
Feb
68
Feb
77
82
30
Feb
35%
Jan
17%
943
16%
Feb
20
Jan
3%
41/4
305
3%
—
7%
Jan
6%
16
6%
Jan
13%
140
13%
Feb
15
Jan
13
135
11%
Jan
14%
Jan
11%
11 %
100
11'A
Feb
12
Jan
35%
35%-
36%
355
35 VB
Jan
38
Feb
5
38 V4
38%
150
38%
Feb
42
Jan
•
48%
48%
Feb
56%
Jan
common——25
56%
6
,
*
Drill
Fruit Co
Shoe
Jan
%
Co
Machinery
preferred
41/4
12%
Torrington
United
Feb'i'
13%
'?
United
High
32%
16%
Jan
51V8
3,157
48%
56%
57%
325
55%
Feb
61%
Jan
38%
38%
35
38%
Feb
40
Jan
38%
25
—^
—
—
41%
352
38%
Feb
45%
Jan
14%
Jan
15%
Jan
25
Feb
30%
Jan
Jan
67%
50
25
Suburban Elec Securities common
Twist
Low
30
—2.50
*
Assn
Webster Inc,.
&
Range Since January 1
High
17
'
6 7
Edison Co—
Potomac
—
Rexall Drug, Inc——
Stone
Vernon-Woodberry Mills—
Common
New
Quincy Mining Co
Shawmut
Shares
30%
.
Pennsylvania RR
Union
Mount
«
Jan
70
108
2.55
16%
High
Low
15%
2.50
17
Range Since January 1
High
14
*
5 Vo 1st preferred v.t c
—_100
Consolidated Gas Elec Lt & Power
Mills
Pacific
'
Sales
for Week
Range
of Prices
LOW
Par
Last
Par
Sale Price
STOCKS—
Sale*
Sale Price
STOCKS—
Week's
Last
Exchange
U
Rubber
S
..
10
14%
1,1
Waldorf
System Inc
Westinghouse Electric
26
12%
Corp
14%
35
25
26%
1,591
BONDS—
Baltimore Transit Co
series
53
A
1975
4s
58
58
—1975
—
$5,000
67 %
67 %
1,000
...
Chicago Stock Exchange
Friday
Sale*
Week's
Last
Boston Stock
Friday
Exchange
Week's
for Week
Sale Price
STOCKS—
of Prices
Sharee
Par
&
Tel__
American
Tel
American
Low
Woolen
Anaconda
100
__
30%
100
18
100
Boston Edison
Boston Elevated
116
25
RR
33
37
High
30%
131%
44
Feb
153 y«
Jan
Feb
44%
Feb
34%
Feb
Feb
131%,
Jan
Jan
Jan
20
38%
250
18
Feb
120
122
36%
40
877
18%
116
148%
3,818
645
131% 131%
_
& Albany
Range Since January 1
LOW
43%
40
$
Inc.
Son
&
Boston
148% 151%
148%
50
Bigelow-Sanford Carpet 6 % pfd
Bird
•
116
Jan
125 Va
Feb
Feb
41%
Jan
36%
1,336
—100
19%
19%
19%
81
19%
Jan
19%
Jan
—
:____
—
22%
22%
120
22 %
Feb
26%
Jan
Boston & Maine RR—
7%
prior preferred
5%
class A 1st pfd stamped
class B 1st pfd stamped
8%
—_
100
32%
100
6%
100
cl D 1st pfd stamped
Boston Personal Prop Trust
*
Bqston
Cities
Providence
&
RR__,
—
%
13%
14%
36
36
36
31%
9%
10
*
...
—
32
115
100
5%
,
37%
Feb
Jan
Mass
Street
1st preferred series A
6%
pre!erred B
8S
Lines
Inc
common.
National
Gillette
Isle
•
39.05
5 '/o
Co
(E
31%
32
31%
Feb
36%
Jan
Carr-Consolidated
9%
100
9%
Feb
10%
Jan
Castle
69%
86
24%
&
Co
66%
Jan
71
Jan
60
81
Feb
86
145
24
Feb
26%
Jan
27%
210
26%
Feb
31
Jan
416
50%
Feb
58 VB
Jan
2,073
32%
Feb
36
Jan
28
30%
441
28
Feb
36%
Jan
7
7
7
Feb
7
3% %
41.21
7
Jan
Cos
Electric
__
(N
H)
Cent
&
S
Util
W
common
*
50o
Cherry Burrell Corp common
Chicago Corp common
Convertible preferred
5
*
Chicago Rock Island & Pacific
Chicago & South Air Lines.—
Chicago Towel Co common
For footnotessee page 42.
1
100
22%
Feb
25
Jan
150
151
60O
13
3,400
Jan
Feb
150
152%
Jan
11%
Feb
14%
Jan
1%
6%
1%
6%
500
1 %
Feb
2 %
Jan
450
6%
Feb
8
3%
4%
700
3%
Feb
4% Feb
4%
4%
700
4%
Feb
5%
11%
16%
32%
100
16%
Jan
16
16%
Jan
Jan
Feb
300
32%
Feb
37
Jan
350
18%
Feb
20%
Jan
12 Va
200
12
Jan
13
Jan
11%
15
10%
1,050
10
Feb
12-li
46
14
17
17%
10%
11'A
600
1%
'
__
8%
__
10
*
,)l
__
26%
•
*
common
Co
(new)
2%
3%
Jan
3%
Feb
Cities
43 Vb
Feb
491/B
Jan
Coleman
6%
Jan
7%
Jan
31 %
32%
60
31%
Feb
36
Jan
200
Feb
17
Jan
10%
Feb
11
Jan
15"
54%
Feb
60
Jan
300
45%
Feb
150
14
Jan
50
Jan
16% Feb
300
,
15
300
17
Feb
18%
10%
Feb
12% Jan
Feb
4%
34
1%
11
450
5
100
34
300
1%
4%
Feb
6
Jan
Jan
35 Vb
Feb
1% Feb
1%
Jan
31
Feb
11%
Jan
600
8%
Feb
9%
Jan
75
21%
Feb
25% Jan
9%
Feb
200
11
8%
8%
11
21%
9%
22
11%
x65
7%
65
7%
100
26%
200
26%
5%
6
'
2,300
100
12%
Jan
Jan
65 %
Feb
7% Feb
9%
Jan
Feb
31%
Feb
65
26%
Feb
250
5
Jan
6
71
Jan
80
52%
Feb
•63%
Jan
Jan
__
75
75%
120
54%
52%
56%
600
Jan
20
42%
Jan
54
Jan
Dodge Mfg Corp
10
Feb
12
Jan
Domestic Credit Corp class A
Eddy Paper Corp (The)
•
Flour Mills
5
32
32
200
32
Feb
36%
35
35
27
250
35
Feb
39
Jan
2,900
26
Feb
28%
Jan
Jan
46
10%
455
11%
16%
102
11%
Feb
17"%
Jan
30c
31c
600
30c
Feb
45c
Service
(The)
Commonwealth
common
Co Inc
Edison
10
__
5
common
25
26
26
10 %
Jan
Jan
3%
Jan
Feb
95%
Jan
14%
Feb
16%
Jan
350
7%
Feb
9%
Jan,
100
14%
Jan
19%
Jan
18%
Feb
19%
Jan
6%
Jan
7%
Jan
3/-
T?oh
9%
Jan
Jan
—
:r
11
11
;
11%
2,789
84%
89%
360
48c
-
11%
56
34
1
70
84%
20
100
Jan
22%
14
4%
10
605
10
—
System
11%
45%
17
11%
common—1
common
348
45
44 %
Mining
RR
Biscuit
(A M)
Chrysler Corp
10
_
Feb
Feb
—
Assn
Feb
9%
__
—10
7%
43%
31%
3%
__
—
Jan
700
10
15
10%
54%
—
15
550
12
__
Feb
4%
35
19%
10
14%
15
3%
10 Vs.
xl8%
__
12%
6%
100
—
—
xl8%
High
Low
30
14%
3%
9%
Jan
5
Four-Wheel
Northern
5
*
1
Central 111 Secur Corp common
Convertible preferred
'
54%
3%
__
Range Since January 1
High
Feb
34%
—
__
5
common
Burton-Dixie Corp
Butler Bros common
Jan
32%
3%
England Tel & Tel
North Butte
3
1
common
371%
Feb
—
1
England
L)
Piston Ring
16%
38.90
•
—
1
Bliss & Laughlin Inc common——2%
Borg (George W) Corp
10
Brach & Sons (E J) capital
*
Feb
64
•
New
12
1
4
10
common
Jan
39.96
.100
_
Narragansett Racing
New
Co
13%
38.90
_
com
Mergenthaler Linotype
Service
__
3
Berghoff Brewing Corp
Burd
28
«
_
preferred
National
100
Binks Manufacturing Co capital-
Bruce
—
Co
Copper
Nash-Kelvinator
common
Barlow & Seelig class A conv
Bastian-Blessing Co common
Mfg
—
5
:
Corp
Mfg
Feb
33
_
Razor
RR
Avco
Jan
50%
51%
•
Royale Copper.
Kennecott
Washer
Jan
27
_
Hlthaway Bakeries
Maine Central
capital
Chicago Milw St Paul & Pac vtc
_
Electric
Safety
Co
common
Automatic
14%
3%
22%
Corp capital
35%
24%
24%
*
Stores
General Capital Corp
General
•
Asbestos Mfg Co
75
69%
__
Low
common
Tel
&
220
81
Employers Group Assoc
First
100
Tel
Castings
common
Laboratories
Athey Products
8%
x
Ry—
6%
Eastern
Jan
Bearing
Armour & Co common
7%
Feb
7%
r
Eastern
Shares
*
5
*
Mfg
D)
Aluminum
American
8%
Jan
5%
45
8
8
13%
100
Service
Copper Range Co
6%
8
8%
;
225
33
6%
8'
100
10%
32
Allied
Belden
Railway-
Stamped
Boston Herald Traveler Corp
(J
Aetna Ball
High
41%
Copper
Adams
Advanced
Range
for Week
of Prices
Par
Sales
Last
Rang*
Sale Price
STOCKS—
41c
55c
120
120
5,000
5
of
common
America
Drive
Inc—
Auto_
11
Feb
12%
Jan
Fox
83%
Jan
911%
Jan
General
Candy class A
41c
Feb
69c
Jan
General
Finance Corp
Jan
General Motors
120
Feb
'
125
(Peter)
Brewing
common
1
10
1%
5
common
Corp common
100
3
550
95
185
87
15
14%
15%
1,100
8%
2%
7%
—
—
1
10
9%
9%
2%
87
10
51%
7%
15
15
18%
18%
80
6%
51%
6%
54%
100
GOO
2%
87
34
THE
(774)
COMMERCIAL & FINANCIAL CHRONICLE
Monday, February 16, 1948
.
OTHER STOCK EXCHANGES
FEBRUARY 13
RANGE FOR WEEK ENDED
■
Week'*
Friday
Last
STOCKS-
of Prices
Sal* Frio*
Par
Gibson
Co
Refrigerator
Gillette
Safety
Goldblatt
Razor
Gros
common
*
iWH)
Great Lakes
Dr & Dk common
common..
7%
8%
Feb
28
Feb
31
11
50
11
Feb
11
Feb
40
100
40
Feb
43
Jan
18%
19%
300
18%
Feb
15%
"WSU'
of Prices
Shares
16
650
15%
Feb
10%
200
10
Feb
i
21
50
Cincinnati Union Stock Yard
368
23
Feb
8
93
Jan
96
8
306
Hammond Instrument Co common
1
Jan
26
95
75
75-
♦
7%
75
232
78%
Feb
Jan
Jan
8'%
81
Jan
13
Feb
Jan
12%
1,305
aa
Feb
%
Feb
19%
.12%
Feb
20%
65
19%
Feb
22%
Jan
21%
21%
373
12%
13
325
Jan
Dayton Power Light rights
_
,
a
'
:i2
in
10
Eagle-Picher
•
High
24%
*
15%
•
LOW
High
7%
7%
-
a...: ■:
Range Since January 1
94%
2
TeleDhone
...
23
23%
100
Street
Cincinnati
Jan
11%
Cincinnati
Jan
16%
Low
8.50
.s.
.
Preferred
Jan
10
.
for Week
Par
Cincinnati Gas common
Jan
300
40
— —
Range
Sale Pries
STOCKS—
High
Low
950
29
11
*
:
Range Since January 1
28
*
Goodyear Tire & Rubber common
Shares
7%
,
Sales
Last
for Week
High
7%
28
*
...
Gossard Co
LOW
1
common
common
Week's
Friday
Sales
Range
'
Heileman (G)
Held
Border's Inc
Corp
Hupp
Co capital
Brew
Corp
Werner
Hibb Spencer;
1
24%
24%
25%
300
26%
Feb
Formica
10
10 %
400
9
Jan
11
Jan
Gallaher
X59%
X59%
60 Va
110
x59%
Feb
64%
Jan
Gibson Art
21
150
20%
Feb
x21%
Jan
Hobart
3%
Feb
—3
(new)
Bartlett common
25
*
common
3%
1
common
20%
— —
3%
3%
24%
1,000
Jan
'
4%
if
21%
Feb
24
Jan-
30
30
25
30
Feb
31%
Jan
55
20
55
Jan
58
Jan
16%
16%
100
16%
Feb
19%
Jan
40%
43%
339
40%
Feb
46%
Jan
93
93
8
93
Feb
95
Jan
10
50
10
Feb
11
Feb
62%
62%
65%
856
62%
Feb
71%
Jan
7%
-95
6 Va
Jan
8
Jan
40%
40%
41%
50
Jan
45
Jan
21%
_
—
_
55
10
_
a
Drug
•
class
'
V
•
A (new)
Jan
•
Kroger
41%
.
.
'
Illinois Brick
Illinois
Co
capital
RR
Central
9%
Independent Pneumatic Tool com,
Indiana Steel Products Common
19%
•
1
interstate Power $6
La Salle Ext Univ common...
Marshall
Mickelberry's
Co
Middle West Corp
Ex-distribution
Little
Jan
Magnavox
20
750
19%
Feb
21%
Jan
P
200
6%
Feb
8%
Jan
6%
5
7%
—8
capital
Jan
250
6
Feb
6%
8%
Feb
9%
44%
Jan
61%
600
22%
Feb
26%
10%
350
10
Feb
13
13%
15%
_
Jan
1,650
13%
Feb
7%
8
%
1,200
7%
Feb
9
8
9%
1,700
8
Feb
10
National Standard
North
American
Jan
Northern
111
Northwest
Util
common
prior lien pfd
Feb
15
Feb
16%
Jan
16%
Jan
American Home Products
22
23%
450
22
Feb
24
Feb
49
51
500
49
Feb
53%
Jan
35
36%
350
35
Jan
37%
27%
150
27%
Feb
28%
8%
50
8%
Feb
19%
20 Va
550
19%
Feb
20%
7%
»
Cleveland
'
Jan
160
10
160
Feb
170
Jan
140
——
—.1
common..
21%
160
..100
2*/a
Jan
9
142%
30
140
Feb
150
16
Jan
7%
8'A
1,450
7%
Feb
32%
32%
100
32%
Feb
Feb
8%
Feb
34
al49%al51 '
231
Cliffs Iron common
Cleveland Electric Illumln.
a 14%
13
12%
13%
79
1
79
com.:——•
>
35%
a46
—
Co
—25
common
__
7%
Pennsylvania
Potter Co
Process
capital
RR
Circle
Perfect
(The)
common..;
Packing
*
*
;
Sangamo Electric Cp common
Schwitzer Cummins
capital
Roebuck
Sears
Co
&
•
1
capital
£10%
12
Bend
Works
Lathe
5
Container
Sunbeam Corp
Sundstrand
Swift
Tool
Feb
5%
50
87
31
Feb
90%
Jan
30%
150
13%
33 %
5%
Jan
Jan
31
Jan
5%
110
28
Feb
87
10
27%
Feb
31%
150
13
Feb
15
Jan
200
-
32
Feb
37%
Jan
200
10%
Feb
11%
Jan
28
300
27%
Feb
32%
200
12
Feb
14
Jan
15%
100
15%
Feb
18%
Jan
7%
7%
350
X25%
—
8%
CO
25%
r
7%
25
50
Feb
Jan
8%
27
Jan
Jan
9
300
8%
Feb
10 '/8
Jan
9%
100
9%
Feb
11
Jan
37%
38%
12%
12%
100
12%
Feb
14%
Jan
7%
7%
1,900
7%
Feb
9%
Jan
mmmm
7%
l
*
_
31
—
31
400
37%
50
28
Feb
Jan
43
Jan
31
Jan
.5
20%
20%
22%
550
20%
Feb
24%
Feb
25
common
stock
Texas Co
32
32
33
400
32
Feb
36%
Co
25
(The)
Steel
S
52%
52%
100
52%
Feb
58
Jan
18%
19
250
18 %
Feb
21%
Jan
2
common.
30%
31
600
30
130
46
*
•
capital..
common
46
46
*
208 So La Salle St Corp
Union Carbide & Carbon
U
52*%
69%
69
Electric
47
94
25%
94
■
72%
Feb
Feb
37
Jan
48
Cumulative prior preferred
Bankshares common
94
Feb
100%
Jan
69
Feb
78'A
Jan
Unlisted
Bethlehem
Steel
Columbia Gas
Continental
Jan
16
Jan
85
80
Jan
85
Jan
10%
900
10%
Feb
11%
to
13%
300
13
Feb
14%
37%
Jan
109%
Jan
Feb
Jan
51
81
a9%
33 %
34%
4'A
4%
Feb
Jan
85
Jan
9„% Feb
>11%
Jan
Feb
35%
Feb
78
305
188
55
Motors
Glidden
(Un),—,—•
(Un)
—10
Co common (Un)
Goodrich
common
a21
a50
a51%
*
Halle
Bros
common
(Un)
Steamship
Intfirlake
Island
Kelley
Lime
to
to Sessions.
Medusa
Portland Cement
...
Y Central RR" (Un)
N
Ohio
Edison
Ohio
Oil
Packer
—
_
Sargent
Pennsylvania RR
Corp
Electric
Reliance
.
—•
—
A
Eng.
;
White
■
49%
Jan
Jan
32%
Jan
Feb
12
•
13%
Jan-
12%
Jan
40 %
Jan V
350
5
Feb
6%
Jan
2%
200
2%
Feb
4
Jan
12%
25
12%
Feb
15 3s
Jan
28
20
27 %
Feb
31%
Jan
-
250
•
-
33"
26% Feb
Feb
33'%
115
32
Jan
34
Jair
"26%
38
26%
Jan
27
Jali-
75
17
Feb
19%
Jan.
Feb
9%
41
16
a8 %
-
■"
Feb
21
24 %
Jan
22 3A
Feb
27
Jan
Feb
46 %
Jan
Jan
»31
213
25%
Feb
23
68%
Feb
78%
200
2%
2%
Feb
2%
Feb
Jan
1
—
.
Jan
41
249
1,455
68% a71%
2%
1
8
30
21
43%
a25% a25%
a
•
—2
Youngstown Sheet & Tube—:—
Youngstown Steel Door(Un)..—
"
Feb
a22% a24%
41%
-10
(Un)
Refining & Chem
Motor
Feb
31 %
Feb
21."
-
•
*
common
39
10
a8%
—5
:
Standard Oil of Ohio common—
Steel
Jan
33%
al7 %- al8
•
8
25
26 %
—•
Richman Bros
U
Jan
410
a26% a29%,
■'
—
50
(Un)——
(Un)..—_—,
Republic Steel
Feb
22%
33 %
America (Un).
of
14%
12%
—1
...
44%
Feb
28
(Un)__J———*
Corp
Patterson
Jan
Feb
13%
820
2%
—8
common...
Jan
39%
335
5
5
1
*
——
57%
10%-
33%
33%
4*
National. Tile & Mfg
Feb
36%,
5
*
10
10
10
—*
Metropolitan Paving Brick
49 %
60
31%
12
12
12
*
Trans
Lamson
Jan
75
24
31%
—
Jan
27%
50
14%
a39 % a39 %
1
.—it
Industrial Rayon
58 %
Feb
25
13%
24
A—
Feb
21 Va
700
a39% a39%
class
51%
70
a23
Goodyear ^.Tire to
Greif Bros Cooperage
Jan
45
110
a52% a53%
*
common————*
(B F)
33
a
19
a20%
80
19%
Feb
23%
Jan
*
*
a67
a70%
64
66%
Feb
79%
Jan
al6
al6
50
15%
Feb
18%
Jan
Jan
10
31 %
3
3%
Jan
12%
Feb
14%
Jan
100
26%
Feb
29%
Jan
32%
800
31%
Feb
34
33
1,200
30%
Feb
34%
Jan
15
15
100
15
Jan
16%
Jan
10%
10%
300
10%
Feb
11%
Jan
7%
Jan
8%
Jan
Jan
~4%
-1
33
4%
34%
500
Jan
5%
Feb
6%
35%
15 Mj
4%
5
1,100
4%
Feb
5%
1,100
4%
Feb
5%
•
1
33 &
•
Ford
DETROIT
Building
Telephone: Randolph 5530
1
16%
15%
Feb
17%
Jan
13%
800
12%
Feb
15 %
Jan
16%
200
15%
Jan
16%
Jan
4%
4%
4%
1,500
4%
Feb
8%
9%
18%
19%
( 400
\ 600
8%
18%
18%
22%
22%
25%
27%
\100
Voo
8%
300
25%
800
5
9%
Jan
Feb
21 Va
Jan
21%
Feb
23%
Jan
x25%
Feb
30
Jan
8
Feb
Detroit Stock
Jan
Feb
Friday
Corp of America common.
Radio-Kelth-Orpheum
Republic Steel Corp common
Socony Vacuum Oil Co Inc
t
Oil
of
N
8
7%
7%
13
23%
350
14%
15%
69%
15
25
100
23
J
7%
71%
Standard Steel Spring
l
17%
1
9%
Feb
Jan
8%
Jan
23
Feb
26%
Jan
1,600'
14%
Feb
17%
Jan
200
69%
Feb
78%
Jan
1
Studebaker
7%
9%
common
Allen
Electric
American
Baldwin
Metal Products
Rubber
Sunray Oil Corp
United Oorp
Wilson to Co
common—...
Jan
14%
17%
Feb
21%
Jan
Chrysler Corp
1,000
9%
Feb
11%
Jan
Consolidated Paper
2%
12%
common
2%
400
<2%
Feb
2%
Sharss
13%
500
12%
Feb
16%
Jan
Friday
.
Exchange
Week's
Last
;
Navigation
Range
of Prices
Low
Par
L.—-
20
30%
Balcrank
Baldwin
.
_
..
Burger Brewing
Champion Paper Si Fibre
For footnotes see page 42.
__
8
2%
650
10
10
29
1%
12%
53'A
13
—
—
22%
__
—
* ;;:V
•
5
10
High
Low
100
21
29
1%
__
*
1
Electromaster
Sales
2%
19
401
10,
148
29
Jan
,:
Feb
2%
22%
\J
Jan:;
Jan
Jan
14
30
Feb
1%
Jan
2
Jan
420
12%
Feb
806
515
53%
Feb
59'A
Jan
21%
Feb
23
Feb;,
TOO
.
54%
23
*•
Feb
Feb
500
,
13%
Feb
14
<
V2
Jan
.
Range Since January 1
High
Low
30%
30%
165
30%
Feb
3%
3%
100
3%
Feb
14 %
Jan
16
15
15
20%
20%
25
18%
19%
200
275
High
32'A
".
630
6% Jan ,*'
7 V2
Jan
1,050
4 %
4%
Janv
20%
20%
8,213
20%
Feb
9%
10%
430
9%
Peb
10%
1
10%
11%
475
—
2
2%
100
Feb
21%
11%
-a
"12 %;
ioy»',f^b
2V2 Feb
2%
-..
Jan;
J ah
Jah!,
Feb.;
9%
1
__
1
1
l6 Va Feb
;
7%
4%
*
Fruehauf Trailer common—.——
13%
'
7
1
common..;
Frankenmuth Brewing common—
Friars Ale common..——
"13%
4'A
20%
—1
—
——
Federal Motor Truck
Shares
13%
__
20
,.
Detroit-Michigan Stove
fer Week
18%
*
90c
<
__
9%
100
9%
Feb
9V2
Feb
3%
3%
400
1,300
3'A
Feb
4'A
Jan "
90c
90c
18
18
A
125
90c
18
Feb
v
1%
Jan
23%
'
Jan.;
6%
Jan *
8%
Feb
Jan
Jan
4
Jan
Gar
17
Jan
Gerlty-Michigan Corp
Goebel
Brewing, common
Graham-Paige _a.
20%
Feb
22
Jan
18%
Feb
21%
Jan
*
*
19
—
5
.
American Laundry Mach
'
Range Since January 1
High"
2%
—
W Gr€igar common——/—
5
Davidson Brow
——l
Detroit Gaskeir(yohtmon
Sale Price
a.-;.
Low
D
Detroit Edisqi^common.
Cincinnati Stock
STOCKS—
—
—_—:—
7
Jan
12%
Adding Machine
Detroit ,to Cleveland
V, --S:
2
1
Briggs Manufacturing common-,
Brown-McLaren common—
1—
100
Jan
Sales
for Week
of Prices
1
common.—
13%
17%
10
*
Range
Sale Price
STOCKS—
Burroughs
Corp
Exchange
Week's
Last
Par
8
Radio
-
Jan
15%
2%
com
York Curb Associate
Chicago Stock Exchange
Jan
5
New
"
Stock Exchange-
Detroit
r-
Jan
15%
10
Car
Members
New York Stock Exchange
Feb
Feb
33
12%
B
York Central RR capital..
American Co
common..
4%
4%
—4
Pepsi-Cola Co
300
6%
33
Co
Pan Amer Airways Corp
Paramount Pictures Inc new
~4%
1
..
Watling, Lerchen & Co.
Jan
30%
1
(The)
Feb
1,200
*
North
Motor
600
13%
26%
31%
•
Electric
3
12%
26%
■12%
1
Television to Radio..
Co
3
•
new
Electric
Graham-Paige Motors
Laclede Gas Light
Nash-Kelvinator Corp
Standard
Feb
Jan
Jan
13
50
common
Motors
Farnsworth
Oil
29%
Feb
10%
*
CUrti 88-Wright
Pure
Feb
15
85
10
Products
Certain-teed
Packard
25%
150
13
1
Corp
Rolling Mill
Anaconda CnoDer Mining
New
34%
200
Jan
Jan
Stock*-*
Alleghany
General
800
15
10%
*
American Radiator to St San com
American
25%
5
Mach caiptal
Yates-Amer
25%
*
Wisconsin
4%
Jan
100
1,100
15
Wieboldt Stores Inc common
Jan
81
43%
a9
—*
common
General
Warren
Westinghouse Elec & Mfg com—.—18%
Jan
105%
78
81
*
j
Jan
13
(The)
Corp
Trane
—:
Erie Railroad (Un)__._.
General
Radio
Thor
Controller
Electric
Feb
12
15%
7%
10%
11
12
— —
78%
Jan
16
-13 'A
Feb
8
Jan
5
common..
capital
5%
25
Corp common
Mach
Co
&
Feb
5%
9%
2
1
Spiegel Inc common
Standard Forgings
common
Standard Oil of Ind capital
Stewart-Warner Corp common.
8tone
700
6%
27%
1
capital
5%
13
•
South
Jan
32%
——
"32
% Feb
23
4%
Jan
Feb
29%
930
35%
a46 %
Jan
152% Jan
Jan
11%
27%
1
•
Clothes common
20
Jan
31
Signode Steel Strap common
Sinclair Oil Corp
Society Brand
Jan
Feb
10
5%
Serrick Corp clajss B common
Bhellmar Prod Corp common
•
9
17
200
87
...
•
-
Jan
1,100
10%
7%
5%
„
10
common——
2,150
17%
10
10
1
Quaker Oats Co common
Rath
50
2%
(new)
common
(The)
Corp
Co
(The)
7%
17
Peabody Coal Co class B common____5
'
Feb
12%
:
Jan
24%
14
708
al09
al09
—_:
:
20
1,583
-.80
34%
...'*
preferred
4%
:
,
Feb
150
60
14%
a
Detroit :&'■ Cleve* Navigation (Un)_——S
Parker Pen
a3e
a30
•
-1*
-
19
20%
"
Feb
Jan
32%
a20% a20%
3%
16%
1,165
.
(Un) —.1
com
High
Low
'3% Jan
420
3%
18%
Consolidated Natural Gas (Un).,..—15
-
16%
3%
:
Range Since January 1
High
16%
3%
17
-
;:;.84,80i',i)referired:^L^LLL^^L—LL^^IOD'
Jan
10
16
16
Shares
(Un)___i———100
American Tel & Tel
Clark:,.Controller
for Week
I.ow
'City lce^:dt''PuelLL^i.i.L.LLAiL_L.i.__i-*(
Jan
8%
'
Jan
27%
100
preferred
Manufacturing
14%
100
_•
.•
common
Ntmn Bush Shoe common.—_
Oak
700
16 %
10
common
Bancoip
Northwest
7%
Corp
15
50%
Range
of Prices
Par
'
16%
22
8ales
Last
Sale Pries
STOCKS—
Akron Brass.■ Mfg.ii....'.^
—..A—50c
American Coach" 'atf"Bodyi^L--LL;-i-:Li5;
20
common—...
Car
Week's
Friday
!■
Jan
14%
$1
prior preferred
10
Minneapolis Brewing Co common...—1
Modine Mfg common
*
Montgomery Ward & Co—
_*
40
Cleveland Stock Exchange
■'
8%
Miller & Hart Inc common vtc
7
A
_
Jan;-
13%
;
*
*
Printing
S
Jan
10
U
Jan
24%
•
G
Jan
150
50
gtd
Randall class B
Jan,
8
1,400
22%
-T-
5
Jan
6%
55
-
13%
..
Jan
6%
9%
8%
50
10
-1
5
10
800
&
Miami
Jan
22%
common..
Products
Food
Jan
32%
6
8%
50
&
13
Feb
7%
7%
Libby McNeill & Libby common.
Lindsay Lt & Chem common
Field
Feb
28%
5
*
pfd
Switchboard common
9%
200
6%
*
Kellogg
300
30%
19%
10
10%
28%
10
100
common
Wood
Industries
—
—a.
5%
5%
6
1
6%
6%
7%
2,100
6%
5%
5%
5
600
5%
Jan
4%
373
4%
Feb
:
Feb
1
1
4%
-
1,140
5%
Feb
.1
■
1
5%
Jan:,
5%
Jan
Volume 167
*•?' i
Number 4673"
■
.
'
-.
.
THE COMMERCIAL & FINANCIAL CHRONICLE
/
OTHER STOCK
EXCHANGES
RANGE FOR WEEK ENDED FEBRUARY
Week's
Friday
Last
v
:=•
:.!V
BTOCKB—
: •
•:
..
'^'v
Hall
Lamp
Hoover Ball
&
Electric
Hudson Motor
Kaiser-Prazer
Lou)
Par
151
15
15
100
20'A
Jan
Feb •,
14%
23%
Jan
16%
Jan
Black Mammoth Cons Mng
7%
Feb?:,-;
Alaska Juneau
7
7%
400
7
Jan
Jan
Cons
17%
350
16
:
Feb
21
Jan
Imperial
ll'A
11%
12%
3,580
ll'A
Feb
15
Jan
12%
12%
1
common
King-Seeley
1
1
common
Screw
McAleer
Michigan
Motor
Sugar
Park
100
12%
Feb
1%
Jan
1%
Jan
Parke,
Rickel
Feb
37%
Jan
American
Airlines
Sheller
Tivoli
-U
S
Wayne
a47% a50%
125
150»/« 150%
2,552
149
Feb
1%
a47% a48%
42
a__
—-
1%
2,148
1%
Feb
2
Jan
Anaconda
1%
Copper Mining Co
*
1%
1%
400
1%
Jan
23%
23%
100
21%
Jan
13'/a
13%
400
13'A
Feb
2%
2%
1,133
2%
Feb
2%
Jan
Avco
Armour
Jan
Atchison
17
2
4%
4%
530
4'A
Feb
4%
Jan
3 %
3%
3%
100
3'A
Feb
3%
Jan
29'A
29'/a
2
29'A
608
4%
5%
2,16S
4%
Feb
14%
5
•
14%
100
14%
Feb
37/a
3%
5
7%
7%
8
10
&%
8%
8%
12
1
common
&
6
6
10
10
10% V
1
common
13 %
13%
1
1%
1
2
.
Baltimore & Ohio R R
Jan
Barnsdall
6Va
Jan
Bendix
15%
Oil
8%
Feb
10
Jan
Borg-Warner Corp
Feb
16%
Jan
13%
Feb
450
11 %.
350
2
1%
12
,i7y8
Feb
Canadian
Jan
Case
Jan
;
Caterpillar
Jan
2%
Friday
Week's
Range
8harea
Par
Company
1
Co...
Basin
Oil
Bolsa
Central
Investment
Cessna
Hign
600
52 %c
Feb
77%c
10%
11%
1,770
10%
Feb
12%
Jan
6%
6%
G%
1,013
6%
Feb
7'A
Jan
General
8
Jan
,13%
Jan
Products
Exeter
Co
Oil
Farmers &
8
8%
4,005
11%
12%
2,155
a24% a24%
__
28
11 %
35
Feb
a...
15
Jan
Class
Jan
Electric
Jan
28
150
28
Feb
28
23%
23'A
940
21
Jan
31'A
Jan
13%
13%
150
.13%
Feb
16%
Jan
a3%
a3%
a3%
50
54%
54%
57
1,021
al3% al3%
2o
Tele
Foster
&
&
Kleiser
Inc.
General
Electric
—
a—
Foods
Corp
Interlake
Iron
63%
Jan
13%
Feb
14 7A
Jan
International
Hotels
Corp
Holly Development Co
Intercoast
Jade
Inc
Jan
32%
Petroleum
Kaiser-Frazer
11%
300
11%
Feb
12%
Jan
53%
Jan
of
Mag'navox Company
24%
Jan
Montgomery
Libby,
50%
160
50%
Feb
22%
150
21'A
Jan
McNeil
&
13%
100
13%
Feb
143A
Jan
3,950
62'Ac
Feb
95c
Jan
Lincoln
Menasco
Nat
Distillers
New
York
Nordon
Corporation
Central
Jan
9%
Jan
Feb
5%
Feb
808
54
Jan
57%
Jan
Pacific
25
Feb
27%
a40% a41'A
12'A
5%
Jan
149
42
Feb
43%
Jan
295
12'A
12'A
Feb
14%
Jan
2.05
2.25
North
6%
17
American
75
Packard
Pan
Motor
Pacific
Pacific
American
Pennsylvania Railroad
Pepsi-Cola Co
Feb
Phelps
1.25
Rexall
Rice
Drug
2,900
97 %c
Feb
22c
Jan
34c
Feb
11%
11%
13
23,238
11
Jan
15
Jan
Dodge
Richfield
Ryan
Oil
Oil
Pure
Oil
1.15
Feh
1.40
Jan
Republic
12
14%
Jan
16%
Jan
1%
__
.
97'Ac
'
Seaboard Finance
5
1%
1,270
1.05
270
5,900
1%
95c
Jan
Jan
22%
270
Jan
Security
Shell
Co
Sterra
Oil
8'A
275
19c
5,000
6%
10O
1.95
1.95
2.10
8
Feb
Jan
6%
Feb
1.95
Feb
8%
20c
8%
Jan
Jan
Feb
2.85 Jan
13
13
13'A
270
13
13%
17%
530
16% Ffeb
19
Jan
33%
33%
34%
1,159
33%
Feb
36
Jan
34
34%
284
34
Jan
35%
Jan
;
,
Feb
*
51%
51%
51%
239
51%
Feb
53
Jan
a42%
1
23
6
-
a42% a45%
23%
6
"A. 16
30
; ,.A
V
Brands
"
I
48-
28%
1
Standard Oil Co
Standard
Stone
&
Oil
(Ind)
Co
;
.*27%*
25
pfd A
of
&
Texas
Co—;__
-
Texas
Tide
Gulf
Water
Sulphur
California
of
Cal
common
preferred A.'
For footnotes see
page 42.
46%
Feb
9
301
Feb
9%
Jan
Jan
16%
a9%
51
530
8%
165
265
13
167/8
Feb
18
a__
Jan
a
48%
Feb
52'A
Jan
16%
Jan
17'A
Jan
20
Jan
20
Jan
al9
13
13%
500
Feb
15%
9'A
10
550
9%
Feb
10% Jan
al5% al5%
50
15%
Jan
16%
__
50
18%
75
18'A
Feb
270
26%
Feb
4'A
a
4'A
—
13
26%
al7
26%
1,140
4'A
"
8%
200
8%
255
18%
Feb
17'A
17'A
5
Feb
18'A
Jan
Jan
19%
30%
Feb
8%
18'A
—
18'A
9%
20
Feb
Feb
Jan
Jan
Jan
230
17'A
Feb
19%
Jan
140
21%
Feb
22
Jan
a41% a43%
—
17%
a20% a21%
a21'/8
'
75
42'A
Jan
47
Jan
a46% a47'/s
a46%
60
a._
a
25%
25'A
300
8
8
253
1%
1%
200
3'A
220
3%
22%
24
737
22%
Feb
___
Feb
22%
•
'
26
26
25%
Feb
30
V' :-'6v;- Feb
1%
230
15
15
325
a23% a25%
71
15
a23%
9'A
Feb
1%
3%
26%
Jan
Jan
Feb
Feb
Jan
26
Feb
26
Feb
15
Feb
16%
Jan
25%
Feb
27% Jan
a37a38%
200
462
72
105
a—
" 17%
17'A
a32
18%
39
340
Jan
39%
17'A
a32a34%
177
54%
a47%
a47'/a a51%
20% Jan
36% Jan
34% Jan
140
Jan
a__
Feb
a53% a55%
Jan
78
Feb
—
a52%
United Aircraft
100
17%
Jan
5%
Jan
a23%
Warner Bros Pictures Inc..——
Jan
Western Union Teleg Co class A.
4% Jan
19%
1,919
13c
15% Feb
5,000
36c
Feb
17%
Jan
32%
338
i
37%
Jan
Feb
48
Feb
51
Feb
33%
Jan
16e
Feb
136
125;
Feb
125
.
8%%,
955
100
■
Lines
Inc
Corporation
(F
—10
W)
27%.
28
27%
24%
25%
40c
Jan
15 %
Feb
18%
-
8%
Feb
10%
Jan
29%
28%
Jan
American
25%
Feb
American
Tel
22%
Jan
.
&
Tel
Jan
Jan
Baldwin
Feb
50
Jan
Jan
62%
Jan
Bankers Securs Corp
Budd Co
9%
9'A
10
,1,765
9%, Feb
11%
Jan
all% al2%
150
13% Feb
34%
10
Curtis
16
ll'A
2,418
11
Feb
13%
Jan
al9% al9%
25
18'A
Jan
20
Jan
'
1,278
21%
Feb
26%
Jan
93
Feb
93
10
26
Jan
17% Jan
17%
17%
125
2'A
2%
100
2'A
38%
38%
181
10%
150
aioy» al9ys
a25'Aa26'A
a43'/a a44%
155
r
—
—
Par
Week's
Rang*
ef Prices
Low
16
156%
Jan
Jan
Feb
2%
Jan
38%
Feb
38%
Feb
10%
Feb
13
Jan
50
19%
Jan
20'A Feb
130
28 V»
Jan
29% Jan
45%
Jan
45% Jan
Locomotive
Works
6 Vc
149'A
2,108
148%
13
13
70
-70
8%
54%
52%
?ya
7'A
137/a
51%
51'A
18'A
18 y8
20
Lehigh Coal & Navigation
Lehigh Valley RR
10
10'A
10
613
69%
Feb
77%
Jan
40
820
39
Feb
45
Jan
Brothers
50
Feb
153'A Jan
13
Feb
15 Va
Jan
70
Feb
70
Feb
488
•<
8'A
Feb
11
Jan
929
57
49%
35
70
25% Jan
30
9'A
7%
High
Feb
127
70
5
93
Low
148% 151 yB
Gimbel
23
93
69%.
Range Since January 1
23 7A
13
•
Shares
127
part pfd—.50
______-2%
Sales
fer Week
24 y8
8%
Publishing: Co.
^
High
Feb
21%
39
Feb
Delaware Power <fe Light—________ 13 J/a
Electric Storage Battery
*
General Motors Corp
;
10
—
—
.
—____100
Chrysler Corp
Jan
__
.
Jan
23'/a
23%
44%
*
156'A
24
—
Stores
33%
25
176
Sale Price
Jan
Feb
55
11
155% al60'/a
a23% a23%
Last
27%
60
a
Friday
1,665
.
-
—
Jan
3,073
—
2'A
*
Jan
27%
-
a--;-
Philadelphia Stock Exchange
Feb
Jan
703
v% 694
326
-5
:
112%
«.•;
Jan
33c
,1,317
,
a__
—
1
-
Westlnghouse Electric Corp
Co
a..
10%
10
(Del)
U S Rubber Company.
Woolworth
Jan
134
Jan
122
20
500
United
Jan
23%
19 % a 19%
'
Jan
12c
United Air
a
Jan
28%
60
-
15%
al55%
5
Corp
20%
15% Jan
200
A 325
Jan
55%
Feb
a
a95'A
Jan
26
Jan
19%
a93% a95%
al9%
Corp
Jan
Jan
55% Jan
55
230
19%
*
Carbon
Jan
110
19%
10
Pacific Railroad Co—
'®--\ "
&
60
Steel
Corp
Universal Consolidated Oil Co
Feb
al2'A al3%
Co
Carbide
46%
11%
of
44
*
Oil
Union
44%
2
States
427
a69% a71%
Twentieth-Century-Fox
57%
5
Oil
44
al5'A al6'/«
__
25
TA
122
a33'A a33%
Corporation
Oil Co
Jan
13%
a37
Co
Associated
44%
Western Air Inc
Union
Feb
Jan
__25
57%
all%
Union
12'A
27
a—
a69%
:
Company
-1.10
47
27%'
24%
„50c
„
Transamerlca
United
:
1 A
Textron Inc
Jan
12%
16%
"\
1
•
...
—
10%
230
48%
»
Btudebaker Corp
Swift
•
—
Calif
Sunray Oil Corp
Transcon &
;
i_____25
Company
Feb
50
25
Inc—
Feb
125
g%
25
Co
539
,
__25
(N J)
Webster,
Feb
260
86c
,
25
Oil
16%
»
6
48
122
15%
4.32%
Standard
Jan
8%
—
15
90c
29%
125
36c
■
16
13c
__
*
Southern Pacific
5%
a—
44
1.75
;
;
-
33'A
>
.
__
Calif Edison* Co Ltd com
4.48%. convertible preferred—
So Calif Gas Co 6%
a—
„_
1%
Inc
Union
a—
773
4%
15%
122
preferred
Jan
12%
8
STOCKS—
cumulative
Feb
3%
2,205
,
19%
33%
„
48
15
Southern
4%
a
12%
12%
__
*
22%
17%
4%
19%
__
.
Jan
12'A Feb
26% Feb*
50
1,600
6%
■
1
;Solar Aircraft Compan^....^
Jan
a
11%
26%
25
1,781
1.00
.17
—
1
50
26
90c
...5
Calif
90
a—:
Jan
17
25c
of
a50a50'A
a45% a45%
1
Schenley Distillers Corp
17
*
Signal Petroleum Co
Sinclair 0U Corp
35%
64
—
2.50
Socony-Vacuum Oil Co
Feb
Trading. Corp
Feb
26%
;;
warrants..
Jan
51%
Class B
75
all% all%
....
Jan
Feb
—_
Pictures
1%
49
Corp...—
Jan
34
10
*
1.20
525
i
Jan
15%
100
33'A
Jan
16c
11,350
Signal Qil & Gas Co
1
8
18c
6%
•
—
Union
8
__
6%
•
.
5 Vu
Jan
418
*
Co
Feb
___10
Co
Feb
a__
Jan
51%
8ears Roebuck & Co
677
--
Republic Steel Corp
20'A
49
•
Jan
7% Feb
15%
-
10
»
Radio-Keith-Orpheum
905
a265% a265%
__
34
a34% a34%
•
1,400
49
common
17
12'A
100
of America.
1.25
10
Company
25
34
al5%
Company
Corp
21%
1
Corp
Aeronautical
175
10
1
Incorporated
1.15
:
Safeway Stores Inc
a4%
—
30'/a
v
Pullman,
21%
34%
Co
4%
180
12'A
10
Corporation
al4% al4%
__
25
Inc
Ranch
Feb
7%
Jan
Jan
12,600
__
Inc.
Inc
Jan
2.55
30c
25
common
7'/b
a—
al9
Airways Corp
Pictures,
17%
2.50
Republic Petroleum Co
—
Feb
a4%
•
Co
21
Jan
„
Western Oil Corp
Car
Jan
*
common.;
Feb
a—
277/8
al37/8 al37A
*
Feb
1.55
10
preferred.,—
Indemnity Company
Lighting Corp common
Aviation
17
496
1.10
1
1st
Pacific
Jan
7%
15
35
a—
•
North
15%
12,600
15%
al5% al6%
1
common
8'A
700
V
Jan
100
25
310
25c
1
Clay Products
Jan
a20% a20%
15
Ohio Oil Company
100
25
1
Pacific Finance Corp
Pacific Gas
&
Elec
Jan
22%
3
American Company ——
Northern Pacific Rwy Co.
1
Oceanic Oil Co
2%
Feb
7%
—
•
7%
Feb
Feb
97%c
1
Ltd
Feb
21%
75
RR_
Feb
28c
...100
Inc
2 V*
280
a27% a28%
...
8'A
295
Standard
Northrop Aircraft
3,100
200
5
Corp
5%
2.10
1
National City Lines Inc
Prod
20
10c
Co
2%
21%
a9%
100
97%c
Manufacturing Co..
Merchants Petroleum
2'A
4%
Inc..
397
5%
__
N
*
& Co,
Corp
a51% a54%
—
1
Co
11% Jan
28% Jan
21%
.
Ward
6
1
Company
Petroleum
10y* Feb
27% Jan
35
__
7
295
10
Lockheed Aircraft Corp
Los Angeles Investment Co
Feb
55
4%
Canada
8%
5%
10c
Corp
186
a36 a37%
Libby
Nash-Kelvinator
Radio
Lane-Wells
10%
*
5%
a40%
1
Corp
Jan
Jan
—
.6.66%
Oil Company
36'/a
•
17%
Feb
295
•
common
Jan
—
'
8%
__
Foods
36 %
*
Copper Corp
Feb
__
5
Hudson Motor Car Co
Jan
47
l
Kennecott
16
Paramount
Hunt
58%
a26%a26'A
—
*
30
62'Ac 67%c
a51%
_«
Qoodyear Tire & Rubber Co common..*
Hilton
37%
Jan
a20% a21%
all%
Paper Co—..——;
78'
__
10
A..._
Feb
58%
a4%
*
Int'l Tel & Tel Corp
410
__
2.50
common
37%
__
_.*
Corp—.—
31
__
1
Company__
Motors Corp
Gladding McBean & Co
100
140
7.%
7'A
a49% a49%
•
Greyhound Corporation
16%
13%
1
<
37%
a34y8 a34%
-
a27%
•
International Nickel Co
Feb
22%
65c
Bank__100
Corp
A
Jan
8%
:
a54% a56%
—
—
54 %
50%
__
—
1
Nafl
class
Jan
12 y4
al3%
Co
11%
4
A
Radio
Jan
10'A
2'A
Light Corp..
16
11%
*
Corp
Stores
52
Feb
10%
.1
&
30
__
1
a__
20
—
•
50c
class
Jan
a—
Feb
13%
__
"A"
Power
Graham-Paige Motors Corp
Great Northern Ry Co pfd
a
28
Corp common..*
Merchants
Farnsworth
Fitzsimmons
General
Ltd
Jan
47
70
37%
—*
Loew's Inc
Electrical
41
—'
Jan
—
5
General Public Utilities Corp.—
Goodrich (B F) Co__—_—
8
11%
6%
24
1
Inc
Jan
Jan
Jan
11%
Corp
America, Inc
Industries
35
41
11
a20%
1
Jan
Feb
1
Douglas Aircraft Company
Dresser
Feb
1,189
a._
*
Curtiss-Wright Corp common
4%
2.50
Iron
31%
32
a40
330
1
21'A
Steel
of
1
Jan
Jan
40
—
*
Feb
35%
29'A
11%
5
270
20
:
ll'A
Feb
Feb
11%
25
Crown Zellerbach Corp
Curtiss Publishing Co————
4,700
*
Corp
Feb
33'A
27%
__
Corp——_*
Y)
*
60c
_•
common
.
Creameries
(N
6%
•
Preferred
Consolidated
Co
21%
1
.
&
Edison
5%
Aircraft Company
Colorado Fuel
Southern
21%
Certain-teed Products Corp
Chrysler Corp
&
57%c
Corp
Packing Corp
10%
50
160
a45% a46%
■—f
5%
Rroadwa.v Dept 8tore
Byron Jackson Co
California
Jan
75
—
•
:
Jan
15'A
512
A....*
;
57'Ac
...10
Corp
Oil
Low
5%
Feb
8'A
Service Company.—___--.__._10
Cities
Co
2
Co
Chica
Range Since January 1
High
Feb
>
8%
25
...
Tractor
1
Barker Bros Corp common
Barnhart-Morrow Consolidated
Blue Diamond
Low
1,508
31%
—
25
Continental Motors Corp.
Continental Oil Co (Del)—;
for Week
of Prices
11%
—
4%
12%
;
a23% a23%
a39%
5
Pacific Railway Co
(J I)
Consolidated
Sales
Last
120
Jan
Angeles Stock Exchange
Sale Price
300
8%
Commonwealth
STOCKS—
4%
127A
a__
a39%
—
15
Columbia Gas & Electric Corp—
Los
a—
10%
31%
5
(The)
Budd Co
Jan
6%
v„
Feb
2
1,900
Jan
25
a30% a30%
a26%
*
Boeing Airplane Company
Borden Company
Feb
Jan
97%
a26% a27%
__
5
Bethlehem Steel Corp
Feb
Jan
14'A
Jan
4%
10%
5
Jan
6
34%
Feb
91
12%
—
100
—
Jan
10
Feb
12%
196
4%
Corp
8%
20O
32
300
a30% a307/8
Company
Aviation
4
1,736
574
12%
a30%
13
Jan
Jan
a
Jan
36
Feb
6
56
152%
32%
25
Corp
Jan
12
Jan
32
a86%
(The)
7%
14'A
—
Product!
Mfg
Co
3%
100
52'A
12'A
—
Ry—100
3
Refining
Jan
Jan
a84% a89'A
—
5
Fe
Santa
&
525
1
______________
(111)
300
1
common
Co
Topeka
1,100
12
.
Feb
29
7%
14%
Jan
4%
I
—
50
Baldwin Locomotive Works
Jan
24
Jan
a
149
common
Petroleum
Jan
a47%
lit
5c
Feb
100
Commercial Solvents Corp
Commonwealth Edison Company
Bandini
7%
Viscose Corp ———.14
*
common
Screw
a—
Tel & Tel Co
_
r
13
84
American
Products
Aircraft
307
American
Corporation
Radia to
30
13
Feb
Brewing
Warner
a7%
13
—
Jan
•
Manufacturing
Udylite
a7'A
a26% a26'A
—
a26%
6'A
*
Scotten-Dillon
1
Rolling Mill.
———10
Smelting &; Refining Co
•
1%
common
Paper
Jan
Feb
Brewing-common
Raisin
4c
Feb
1
(H WL
River
1,000
1%
Car
Metal
4%c
6'A
Davis
Peninsuiar
1.00 Jan
450
Chemical
Pfeiffer
4%c Jan
4%c
__
American Radiator & Stand San Corp.*
33'A
10
_
Motor
Jan
Feb
yv, v;
457
Atlantic
FacKaru
4c
70c
400
common
National Stamping
1,000
1,000
1%
1
Jan
4c
85c
6 %
'
4%
4c
Stocks—
American
High
,v
Feb
3%
70c
—
Ltd—___25c
700
1%
common
Products
,
.
—.1
200
Jan
3"%
Low
6%
common
Murray Corp
Development Co
Unlisted
3%
Co.—A—10c;
1%
14%
3%
Range Since January 1
High
1
:
Oil
10
12%
33%
Low
10
Products
pfd
McClanahun
Mng Co..
Chollar G & S Mng Co
Amer
Masco
Gold
34%
-1%.
10
:
,
Shares
Par
16
;
tar Week
ef Prices
Mining Stocks—,
*
common—•__
Sales
Range
Sale Pries
'
High
Feb
8
STOCKS—
50
—
Car
Klnsel Drug
Kresge Co (S S)
100
21%
Week's
Last
Range Since January 1
Lots
8
20%
*
•
Friday
Shares
High
8
10
common
Sales
of Prices
5
Bearing common
Houdaille-Hershey
Howell
;
common
13
for Week
Range
•
Sale Price
;
(775)
52%
Feb
63%
Jan
715
7'/a
Feb
9y8
Jan
16
Feb
17%
Jan
Feb
55%
Jan
16
16%
49%
50'A
442
49%
54%
1,402
51V*
Feb
58% Jan
162
18'A
Feb
21 '/a
10%
727
10
Jan
10%
4%
43
4%
791
v
4%
Feb
6
Jan
Jan
Jan
35
THE
(776)
36
COMMERCIAL
&
FINANCIAL
OTHER STOCK
CHRONICLE
Monday, February 16, 1948
EXCHANGES
RANGE FOB WEEK ENDED FEBRUARY 13
Week's
Friday
Range
Bale Price
Shares
Low
Par
Prlday
Sales
(or Week
of Prices
Last
STOCKS—
Week's
Bales
Last
Low
High,
High
;
,
Rang#
Bale Prloe
STOCKS—
Range Since January X
ef Prices
Par
.
Low
*
for Week
Pennroad
Power
& Light
Pennsylvania RR
Pennsylvania Salt Mfg
$1 preference
2714
28%
' 91%
91%
Feb
%
6
2,573
5%
Jan
6%
Jan
$4.20 preferred
19
2,498
Jan
193/a
Jan
2nd
16%
18
3,080
16%
Feb
20%
Jan
44%
70
44 '/a
Feb
47
1073/a 109%
10
107%
Feb
18'
H
—
18
117%
Jan
22
21%
22%
2,989
21%
Feb
23%
22%
23%
172
22%
Feb
24%
___3
28%
30%
304
28
Jan
33%
__50
17
17%
185
16%
Feb
20
Feb
11%
Jan
Jan
44%
Jan
Oil
Paper
1
;
Sun Oil Co
9%
10%
205
•
Corp
common
42 3/8
42%
59
51%
52'%
280
•
51%
93/8
42
51%
Feb
573/4
Jan
Chemical
Dow
El
Mining
Transit Investmi Corp 6%
United
Corp
United
Gas
1
*
__
1
4
1
2%
13%
20%
203/4
22%
common
1
4
Jan
4%
Jan
2%
Jan
20%
Feb
22%
Week'i
Friday
Foster
Shares
Columbia
&
Gas
Continental
Electric
Commercial
Follansbee Steel
Harbison
_
.
Gas
Mackintosh-Hemphill
Mountain Fuel
National
Plate
Screw
_
Bolt
&
Co
Reymer
San
Jan
15 %
Jan
10%
103%
505
10%
Feb
2
Jan
Jan
26
Feb
23%
—
Linen
23%
318
213/4
Feb
26%
Jan
90
18%
Feb
203%
X6%
100
Jan
6%
12
12%
477
12
Feb
14%
515
4
Feb
4
—
4
—
—
Feb
Jan
3%
3%
1%
100
1%
Feb
1%
7%
35 V4
80
34%
Feb
39%
Jan
10
7%
Feb
15
60%
Feb
1%
200
9
'
1%
Jan
13
Feb
15c
Feb
6%
15
6%
Feb
Inc
Jan
21%
Jan
6
6
1,500
6
Feb
7%
Jan
37
Jan
37'/a
1
10
7%
36
36
150
Jan
36
•
32%
35%
316
32%
Feb
37%
class
"A"
25%
26%
171
25%
Feb
30
-12.50
Fibres
.35
Range
Bale Price
of Prices
Shares
Paahau
Low
I5
792
13%
Burkart
Mfg
Electric
General Motors
—1
common
15
Jan
15%
33
33
34»%
187
33
Feb
35%
51%
54%
169
51%
Feb
58%
Jan
27%
Feb
31%
Jan
41%
33
110
33
Jan
35
4
21%
21%
300
21% -Feb
24
2%
2%
100
5
common
common—
McQuay-Norris
4
Feb
30
Feb
45%
Feb
10
16
Feb
4%
125
15%
9
135
19%
17
•
143/4
Feb
4%
Feb
5%
45
19%
Feb
23%
17
Jan
19
63a
6 3/8
6 %
840
6%
33%
155
32%
Feb
36%
13%
871
13
Feb
14%
55%
48'A
48
50%
407
48
Feb
Jan
70
71
83
70
Feb
72
Jan
32%
36%
365
32%
Feb
40%
Jan
39c
39c
45c
Jan
100
39c
28
28
153
28
Feb
29
Jan
11%
490
10%
Feb
11%
Jan
11%
Feb
12
Jan
Feb
15
13
11%
11%
60
11%
Feb
Jan
13j
5
13
7
8
100
7
Feb
8
Fob
5
v
5
669
5
Feb
6
Jan
34%
13
150
33%
Feb
36%
Jan
33%
Jan
35 %
Jan
501
30%
Jan
31%
Jan
51%
51%
377
51%
Feb
53 %
Jan
102
102
15
102
Feb
103%
13
Feb
•
common
_*
,
'{
-
V
—100
91
—100
Corp
10
35
13
*
—
—
Oil
102
♦
14
24
278
92%
24
316
90
140
Feb
a_l
15
Feb
23
,
90
140
a42%
396
140
24
25 %
Feb
Jan
Jan
Jan
Jan
97
141%
Feb
69%
Feb
75
Jan
69
55%
Feb
61%
Jan
*
36%
36%
38
968
36%
Feb
43%
Jan
8%
8%
9
203
8%
Feb
10%
Jan
49%
Co's
common
Co
100
Incorp
common
49%
—1
—
25
—
25%
1
a
—
49%
30
a23% a23%
62
23
Jan
30%
Jan
a31% a31%
87
32
Feb
33%
Jan
49
Jan
54
Jan
23%■
26
550
23%
Feb
26
Feb
1
20%
20%
22
833
20%
Feb
23:
Jan
*
common
Manufacturing Co
al6%
al6%
al7
140
15%
Jan
18
29
30
29
Feb
31 >
1
Foods
Inc
29
„
10
-
__
—
Mauricio
Union Oil
•
17%
17%
150?;
17%
19%
19%
175
19"%
Calif
Edison
Jan
2
Jan
Feb
18%
Jan
Feb
20%
Jan
10c
12c
21,400
9c
Jan
13c
33 %
11c
33%
405
32 s/a
Feb
36 %
Jan
31%
535
30%
Feb
35%
Jan
15
"unman
31%
30%
122
122
5
28 %
28
30 %
140
Feb
350
122
Feb
1,335
122
28
Feb
22%
Jail
25
Jan
27%
Feb
28 %
Jan
44
Feb
50%
Jan
22%
Jan
23%
Jan
9%
Feb
10
Jan
333
Jan
Jan
Co—
cum preferred
:
convertible preferred—
Pacific Co
Inc
—
24%
27%
24%
27%
335
25
•
45%
44
46%
1,478
a22% a22%
9V8
9%
120
25
—
1
Week's
Water
Associated
Oil
—i
Union
267
of Prices
Shares
Loto
125
150
1,408
6%
6 3/4
—
5%
600
334
125
29%
4%
Jan
125-
Feb
6%
—
5
Jan
7%
Jan
6 VB
Jan
225
6%
Jan
73/4
Jan
40
25%
Jan
.7
Feb
28%
28%
54
W&i?
500
434
194
10%
293/4
27%
438
494
Jan
54
Feb
58
Jan
306
1.00
1034
Feb
1.30
56%
832
54%
Feb
62
Jan
2iv8
400
20%
Feb
23
Jan
15% al5%
25
17%
Jan
17%
Jan
a26%
a27
181
28%
Jan
28%
Feb
.24
19%
19%
550
11
18%
11%
8,210
11
Feb
13%
Jan
18%
300
16%
Jan
21
Feb
21%
22%
1,280
21%
Feb
26%
Jnn
19 5%
220
17
Feb
17%
250
16%
Jan
—
69
71%
1,060
69
t—
39%
39%
400
7%
8%
355
<
.
20
Jan
Jan
18%
Feb
Feb
78
Jan
39%
Jan
42'/a
Jan
—
—
__
—
—
27%
29
7%
Feb
27%
45
290
290
10
Feb
a21%
a22
70
16%
16%
2.90
320
22%
16%
8%. Jan
34%
Feb
301
Jan
22%
Feb
18%
Jan
Jan
Jan
Jan
—
—
a28% a28%
40
69%' 69%
a—
30
a._
69%
10%
10%
410
24%
3
a2%
24%
24%
244 :
a2%
a2%
7%
7%
7%
—_1
;
Feb
69%
Feb
10
Jan
11
Jan
American
American
&
•
1
Foreign
Power
____
Airlines
—
*
1
2%
315
3
50
24%
Feb
24%
Feb
2%
Feb
3 %
Jan
300
2%
7%
2%
Jan
Jan1
Jan
8%
&
Light—.
14%
Jan
Power
American
Radiator & Std
*
—
7%
;,
i
Jan
7%
Feb
8%
Jan
al2% al3%
165
13'/a
Feb
14 %
Jan
a47% a50%
150% 150%
218
51%
Jan
54%
Jan
290
150%
Feb
152%
Jan
7%
100 n
Jan
a
12%
Jan
Unlisted Securities—
American
Smelting
12%
13%
250
12%
Feb
II*
39%
3934
120
3934
Feb
5
4%
4%
100
4%
Feb
43
<•
<
6%
&
San
Refining
American Tel & Tel Co
American Viscoe
1
Jan
20
17%
-——100
American
—
62%
Feb
Jan
54%
_20
Jan
173/4
17
*
common
Alleghany Corp
333/4
1,227
RR
Feb
Feb
Feb
54
54%
215
17%
—50c
Air Reduction Co—
9%
1.00
Pacific
Preferred
Feb
20%
31/3
25
Jan
3.454
17%
8% Jan
Feb
28%
54
__2.50
__
1.10
Jan
656
1.00
—
17%
—
100
1
Yellow Cab Co common
.
100
__
1
Co—
Western Dept Stores common
Western
100
6 %
10%
Clorox Chemical Co
fan
Jan
534
4%
.
1
..Agricultural
Wells Fargo Bank & U T
West Indies Sugar common
Jan
32%
Feb
Waialua
Jan
a24
7
■
—
10
Victor Equipment Co
High
Feb
6%
—
6%
.
l.CC
Range Since January 1
High
125
1
14
•
Consolidated Oil
30%
•
234
1.00
1.00
56% 60%
10
Universal
3%
—
11%
5
12%
Corp
for Week
125
California Art Tile A
Co common.,—
Lines
Air
10
—25
-
Union Sugar common
United
"
Mining Co
Calif
Corp common—
29%
—*
of
—
2
Corp
Co
OD
57%
10
U S Steel
33/4'
*
Packing Corp common
—
—*
Super Mold Corp capital
Range
33i
l
—
*
Sales
Low
2.50
common
—
2
common
Co Ltd
Standard Oil Co of Cal
Exchange
20
capital
Jan
7,701
Spring Valley
Feb
a24
Corp
80
Jan
2
Air
Feb
75
Jan
Jan
85
Spiegel
Jan
13
_l
Vultee
74
'
78
9
115
4.48%
Jan
32%
10
Bank
Consolidated Chem Ind A
Consolidated Coppermines
10
Feb
1,147'
Bperry Corp
Feb
13
5
15
Petroleum
Consolidated
113/
Feb
a41% a45%
Southern
Jan
50
100
Edison
Jan
9%
Jan
23%
Bishop Oil Co
Byron Jackson Co.
Commonwealth
8%
11%
437
a67% a67%
8hell
Jan
26%
Mg Co——
Colorado Fuel & Iron preferred
150
620
9%
74
Stores, Inc common.——5
Mining
—10 pesos
Sears, Roebuck & Co capital
•
Jan
134
Feb
Bale Price
Chrysler Corp
8%
11 %
9%
30%
Signal Oil & Gas Co class "A"
Soundview Pulp Co
Jan
Imp Diesel Engine
Eureka
8%
11%
__
9%
30%
Southern
23
Alaska Packers Assn
Central
Jan
Jan
33%
Jan
32:,,a
Caterpillar Tractor
16 %
10%
Feb
Feb
34%.
Jan
24
Par
California
8%
a55% a56%
San
Jan
75
STOCKS—
Sugar
14%
500
33%
31
25
Last
Calamba
420
9
Jan
30%
23
23
common
Calaveras Cement Co
15
1.80
24%
Feb
25
Friday
Bandini
Jan
25
Feb
25
San Francisco Stock
;
1.15
25
Transcontinental & Western Air
Atlas
Jan
4,597
—25
22
23
Fuller common
National
Feb
30
;
common-
Transamerlca
Calif
11%
Feb
a55%
Tide
Anglo
Jan
Feb
common
28
*
Roebuck
Juneau G
35%
10%
25%
Jan
.
.„lo
St Louis Public Service class A
Alaska
15
316
221
8%
—_5
30
20%
17
Feb
Jan
Jan
a67%
4.32%
10
32%
16
10%
14%
15
123
22%
25
9%
Feb
Feb
15
Safeway
200
5
29
common
8%
14
::P>
1.50
__5
Service
S and W Fine
Jan
9
14%
Jan
1.40
_5
com
Richfield Oil Corp
Roos
Bros
Jan
22
common
Electric
27
42%
28
common
Car
130
14%
35%
10%
preferred
Republic Petroleum Co
Feb
411
_25
Missouri Portland Cement—
2%
43%
—20
common
Jan
27%
4
—
2%
27
9.
Feb
Jan
Jan
42%
42'A
1
common
Laclede Steel
Landis Machine
•
Jan
34%
26%
___6
Preferred
Jan
100
■
Jan
28
10%
1
—
A"
Preferred
Jan
common
500
520
15
Feb
10
Cons
Plantation
Petroleum
Rayonier
Feb
33
common
Wagner
25
40
—
Shoe
9
15
Jan
32
355
Jan
26%
100
Oil
Puget Sound Pulp & Timber
Jan
52
120
common..
32%
Jan
11
,
Jan
13
•
Phillips
Jan
33
310
17%
34%
17,981
Feb
Jan
Jan
27%
Laclede Gas
Stix-Baer &
10
500
5
15%
13
.
50
13
Feb
*
Paraffine
Jan
Feb
common.:...—100
Brick
Laclede-Christy
Sears
17
7
45
;
Jan
26%
100
:
preferred
Rheem
Knapp-Monarch
Louis
Feb
140
7
27%
common
Preferred
Rice-Stix
16%
Jan
15%
*
Jan
3 %
3%
25%
__
1
Preferred
Jan
32
43
Brewing
International
100
8%
Feb
15
.
Huttig S & D
Hydraulic P
Feb
29
•
Griesedieck-Western Brewing
Hyde Park
16%
7
7%
200
10
(Unj
(Un)
common
360
15 %
Shoe
General
16%
56 %
Feb
14
_*
Western
Jan
53
Railway Equipment & Realty Co com.*
8
29 %
5
common
Palstaff Brewing common
General
7%29
1
common.
Brewing
7%
15
Jan.
2.55
8%
1
Aggregates
Pac Tel & Tel
Jan
15
19%
Jan
P'v/..'
100
Lighting Corp
div preferred
1st
Htu>
Jan
Feb
1.60
1.50
1__
Fisheries
Pacific-Public
Range Since January 1
17%
10
—
Pacific
$5
840
4,050
1
1st preferred
1st
Jan
18
2.25
32
__
Jan
19
26%
14
Jan
Feb
11%
■■
'72%
16%
a32% a32%
32
Investment com
Filters
Sugar
5%%
High
15
3
com
70
•„
Coast
Pacific
Columbia
St
Low
1
common
615
__
Jan
685
a32% a32%
B
Pacific. Amcr
Sales
for Week
Par
Shoe
17%
5
common—:
Petroleum
United
.Class
Exchange
Last
Building & Equipment
15%
al6% al7%
1
Calculating Machine
American
6%
Week's
Friday
Brown
180
common
Pacific Gas & Elec Co
Si. Louis Stock
Bank
1,367
3%
7
preferred
5%% preferred
Jan
*
common
54%
3%
'■
6%
Pacific
Inv
53%
__
19%
12
53%
11%
Feb
Feb
2.10
1
P..
15%
Feb'
17%
*
Feb
Jan
10%
—
15%
12
30
67
2.10
18
Feb
6
Feb
Feb
120
16%
_15
Jan
Jan
Jan
6
850
'
16%
1
Co
Occidental
68
1
<
5%
12
3,552
10%
Feb
24%
771
17%
67
—
6.06% 4
.V 5
(R Hi
15%
5%
300
*
*.
Aircraft Corp
■
500
25V4
10.% - V 10%
*
Bk
City Lines
Jan
26%
15%
10
V '
5%
25
Jan
33
25
40
250
a51% a54%
__
*
2.85
5%
5%
2%
Co._
United
National
Jan
36
5%
2
com„_
'
a33% a33%
__
2%
com
North American
Oliver
I
Jan
3^
Feb
Radio
Natomas Company
North
40
Feb
19
•
Auto
Jan
Feb
60
Inc—
National
Jan
12 3/8
31%
1,410
Menasco Mfg Co common
Morrison Knudsen
Jan
lie
3,750
Jan
L300
Lxbby McNeill & Libby
Jan
25
12 3%
6%
:1%'; Jan
19%
19
Leslie Salt Co
Jan
13
100
13c
12%
„
3%
100
13
11c
1
>
Feb
34
Idaho Power Co—20
Kaiser-Frazer Corp common..
_1
Marchant
Jan
15%
Jan
3%
Corp
Foods
Magnavox
37%
7%
19
—
Lockheed
8%
Feb
1,030
16'/a
Feb
35
2.85
Pineapple Co Ltd—
Development
■oVvvi
Macy & Co
Jan
31%
Hutchinson Sugar Plantation
Jan
13
—
Stores
Langendorf
15%
Feb
14
Feb
13
Jan
19
Pacific Can Co common...
American
75
100
Oil
Jan
61
152
60%
7%
13
STOCKS—
200
7%
__
1.00
2.85
Feb
34%
•
1
.
g
a35% a35%
Ltd common
Plantation
Jan
5
Jan
1%
A
Westinghouse Electric Corp
6%
320
60%
common
239
Corp—f3
Bros
Jan
12
&
Service
Honolulu
Jan
19%
—100
Spring
.
39%
21%
3%
1
Alloys Steel
Wesilnghouse Air Brake
Feb
1%
_
Vanadium
23%
18%
*
pfd
30
18%
—1
-
United States Glass
Jan
25
x6%
—
.
2
248
22%
*
_5
<1
Bros—
Mining
Standard Steel
Jan
200
26
23%
—
10
_
_
12
2
26
—
.
Corp
_
&
Toy
30%
Feb
A
Glass
Pittsburgh Steel Foundry 5r>
Renner
Feb
13%
10
Corp.
Pitsburgh Brewing common...
Pitsburgh Oil & Gas.
Pitts
25%
185
5
__
Supply
Fireproofing
Pittsburgh
180
14%
2
—10
13
Feb
1.00
126'/a
32%
common
Honolulu
High
27%
*
Refractories—
Low
13%
—
.10
—
Range Since January 1
High
25%
10%
5
13
Feb
104
1
preferred
Holly
13%
__1
-
.
.
—
Walker
Star
Corp.
_
Jan
•
Hawaiian
26%
e
Jan
—.20
General Metals" Corp
Gladding McBean & Co
Hunt
*
-
Duquesne Brewing
Lone
LOW
*
-
98
24
*
Co
Kleiser
&
Galland
Hale
for Week
of Prices
Bale Price
Par
Steel
Feb
a90c
-_15
common
Television
Greyhound
Sales
Range
Last
Co
Jan
91%
a90c
5
Machinery Corp
4%
Blaw-Knox
34
109
Corp
Plantation
Farnsworth
Feb
872
Pittsburgh Stock Exchange
Alleghany Ludlum
Feb
107
Works——.—;
Goiden State Co
STOCKS—
13
27%
104
common-
Jan
2%
1,232
2%
part pfd—25
Improvement
Feb
3,468
95-158
___*
—_
Emporium Capwell Co common
Eureka
Ewa
Jan
1
1,255
4 %
2 %
50
Jan
Co
Dorado Oil
Food
Tonopah
11%
2
—
Giorgio Fruit Corp A
Doernbecher Mfg Co__
Jan
Dome
5
:—
Di
Jan
Reading Co
Salt
preferred
Corp common
Jan
Philco Corp common
Scott
Zellerbach
Cypress Abbey Co__:
Jan
22%
•
High
1,291
Jan
H
5%
17%
—*
common
common
2714
u
n
18%
100
Philadelphia Electric Co
Crown
Low
12
Jan
10
pfd series A
11%
15
-
"i
•
50
common
11%
44%
0
1
Corp
Pennsylvania
F
Range Since January 1
High
Creameries of Amer lno common——1
National Power & Light
Shares
Corp common
American Woolen Co com
Jan
Anaconda
Jan
Argonaut
Copper
Mining
Mining Co
•
—
•
—
100
—
:
47%
Feb
50%
Feb
—
41
43
445
41
Feb
44%
Feb
50
31%
31
31%
416
31
Feb
33%
Jan
—5
—
4%
4%
Jan
4%
Jan
14
•
t
.
47%
47"%
:-';v.
-
95
1,063
4%
Volume
167
Number 4673
& FINANCIAL
COMMERCIAL
THE
OTHER STOCK
(777)
EXCHANGES
FOR WEEK ENDED
RANGE
CHRONICLE
FEBRUARY
13
Friday
Week's
Range
,
Last
STOCKS—
Par
Armour
&
Co
(111)
Atchison
Topeka
Corp
Atlas
Avco
common
&
Santa
Low
5
—
.100
Fe
13
a84 % a£'3 %
a20
0
Manufacturing Corp
High
12%
common- —3
/
43/4
LOW
Par::
Pi
Feb
14%
Jan
175
93
Jan
93
Jan
137
4%
12%
a—
245
a—
43/4
National
N
Locomotive
Baltimore
&
Barnsdall
Oil
Bendix
Ohio
Co
capital
Aviation
Central
Y
Corp
common
Boeing
Inc
Airplane
Co
Bunker
Hill
com
Cap
&
10%
'
RR
_
_
Jan
North
American
Co
Jan
Northern
110
27%
256
33'%
1,130
3%
1,232
a21% a24'/8
-2%
_
15
13
a__
—
—
29%
Jan
31
Feb
343/4
Jan
Ohio
Feb
4%
Jan
Pacific
168
17
—
17%
23
Jan
Jan
41 %
Cities
&
Service
Columbia
Ohio
Co
Gas
Commonwealth
RR
—25
Electric—
Jan
17%
Jan
Southern
Co
"•
Food
Tire
Mary
-
-?■:
Jan
Jan
-
7%
Jan
8$;
>■/;■
/
87
22%
4%
Feb
2.73/4
a
410
26
39%
155
40%
20
32%
36
111
674
36
/
30%
Jan
Jan
41%
Feb
??%
1143/4 Jan
Feb
Jan
35%
232
36
160
a__
a
Jan
a—
310
a—
4%
International
Tel
a36%
4V«
365'
43%
Jan
39
Feb
39%
145
Packard
160
32
Jan
a—
5
Feb
5
100
5
8 %
100
7%
Jan
2.05
2.20
4.100
27
27
278
11%
12
34%
—
1
12
•
-II*
Kennecott Copper Corp
Loew's
2.15
:■
Johns-Manville Corp
Inc
34%
43
•
Navigation
Co
McKesson & Robbins Inc..
M
&
M
Montgomery Ward
Mountain
City
&
2.05
Jan
1038
Jan
230
15
Feb
16%
Feb
105
20
Jan
20 3/4
Jan
SO
15 %
Feb
17%
Jan
Jan
American
Paramount
Airways
Pictures
'
Corp of America
Tobacco
Riverside
Cement
common
class
B
St
Josephs Lead
Feb
„*
&
Paper com—
*
20
Acadia-Atlantic Sugar class A_—
5 % preferred
*
Steel
Aluminium
Ltd
Aluminum
'■
Socony-Vacuum Oil
Cal Ed
Ltd
Co
—_
of
V/l <>'
ft
Amalgamated
Can
•;
4%
Standard
Brands
Inc
Oil Co of
N J—
Electric
•
Corp
4%%
Co
__
Company
Asbestos Corp
Aircraft
Corp
Bell
Pow
&
Pap class
Feb
47%
Jan
16
Jan
18%
Jan
Westates
British
Petroleum
_
Lines
a25% a27%
395
27%
Jan
Col
Class
British
Jan
34%
Jan
Jan
a23 %
'
'
w
8
8%
7%
22 %
23
1,178'
a383/s a38%
15 %
of
Cement
49
Feb
53%
Jan
Westinghouse Electric Corp com.
Willys-Overland Motors com
Jan
51c
Jan
Woolworth
(F
W)
LISTED
ENDED
Canadian
Sales
Dominion Steel
Class
15%
1,033
28
481
25%
50
$1
Class
Shares
Range Since January 1
High
Low
High
17%
Jan
19
Jan
17
/
17
17
178
37
-47%
1.95
24%
24%
17
Feb
15
100
Jan
7,695
100 % 100 %
37
Feb
56
Jan
Feb
224
Jan
jan
25
Canadian
Ind
—
Class
70% a71%
115
Feb
77
18%
800
17
Feb
20%
75
34%
Feb
36
142
523/4
Feb
59%
24
52%
Class
25
Feb
261.4
Jan
2%
Feb
234
Jan
240
2.85
Feb
3%
Jan
_5
10%
10%
10%
425
10%
Feb
12%
Jan
38c
Feb
4Gc
Jan
a
.
40c
3,400
4%
5%
2,350
a7%
38c
a7 %
23
al9
al9
30
26%
755
4%
.
„
319
195
25
,...243
24%
13
13%
75
12
Jan
13%
49
49
10
49
Feb
49
6%
6%
7
1.375
40c
40C
1,000
■■■/-
25
25
25%
410
—
12%
25 3
26
1
43%
.
Rights
Dominion
Glass
B
25
Week'i
For fdotnotes
—
Sjtiee
Low
14
Shares
Range Since January 1
High
Low
High
800
26 %
Feb
26%
Jan
20%
1,100
20
Feb
21%
Jan
Feb
12
♦
Dominion
Textile
23 %
—*
common
6%
7%
Feb
Donnacona Paper 4
Bros. Ltd*
% % pfd-
20
12
Jan
11
7,791
11
Feb
102
102
10
102
Feb
105
Jan
19%
19%
150
19%
Jan
20
Jan
.—100
Donohue
*
Dryden Paper
Feb
Feb
Enamel & Heating
Jan
Famous
Jan
Foundation
20c
Feb
60c
25
Jan
Players
Co
of
—
12%
Jan
26%
26 %
26%
750
25%
Jan
28
Jan
20
18
18
18%
120
18
Feb
19
Jan
1
Prod-.
Canada
—
*
2
Eddy Paper Co Class 'A' pfd
Electrolux Corp
15%
15%
490
15%
Feb
17
12
12
25
11 %
Jan
14
Jan
16
16
16%
1,090
16
Feb
18
Jan
213%
Feb
24%
Jan
18%
Feb
20
Jan
Jan
0
Corp
•
Can—
"
21%
213/4
16%
21%
35
Jan
26% Jan
Power
-.
*
com
94
15
6,875
3%
Feb
4
Jan
Hamilton
*
25
24%
25
230
24%
Feb
26
Jan
Howard Smith Paper
238
100
100
10
100
Feb
100
21
21
200
21
Feb
24
28 %
29
955
28%
Feb
30%
Jan
163/,
16%
17%
2,298
16%
Feb
19
Jan
28%
28
28%
805
27
Jan
28Vz
Feb
10
10
5
10
Jan
11
12
12%
1,065
12
Feb
13%
Jan
36
36
37%
168
36
Feb
40%
Jan
21%
20
22%
10,365
20
Feb
23%
Jan
18%
19
115
Jan
12 %
18%
Jan
28%
A
pfd —100
.
125
Feb
22
168%
Jan
Jan
Jan
5%
preferred
5 % %
19%
Jan
Feb
23%
Jan
General Steel Wares
24
Jan
243%
Jan
Goodyear Tire 4%
94
Feb
96%
2%
Feb
2%
Ltd———————*
•
common
preferred
Gypsum Lime & Alabastine
inc.
*
—*
•
104
25
104
Jan
108
110
110
10
110
Jan
110
3
3%
1,500
3
Feb
4
14%
14%
15
315
143%
Feb
16%
Jan
49i%
49%
25
49'%'
Feb
52%
Jan
13'%
Feb
15%
Jan
6%
Feb
—100
General Bakeries
%
104
3
100
preferred
Feb
50
14
13%
14%
2,163
*
6%
7
155
*
23 %
•
Jan
Feb
$2
Bridge
common
preferred
Hudson
Bay Mining & Smelting
Imperial Oil Ltd
4 %
•
•
Accep
International
6%
class
Corp
Bronze
4,785
13
24%
Paper
16
15%
Feb
17
Jan
International
58
Feb
64
Jan
International
Power
115
36
Jan
36%
Jan
International
Utilities
22
22
125
21%
Jan
22%
14
14%
62
14
Feb
15%
Jan
12
12
;F:/! 53
12
Jan
12
Jan
preferred—1.2o
—«
Labatt Limited
pfd———100
class
143
*
•
A
28
11 %'
•
143*
28 '
11%
11%
143
10
28
125
12
1,905
12
142%
Feb
143 %
Feb
28
Feb
32
Feb
13%
Jan
;
Laura Secord
13
906
12
Jan
14
Jan
265
24%
Jan
25%
Jan
7
175
63/4
Jan
.7
Feb
31%
35
31%
Feb
32'%
Jan
24
11%
515
443
11%
Feb
13
24%
28
980
24%
Feb
30
Jan
14%
8,500
13%
Jan
15 3/a
Jan
Lindsay (C W)
MacMillan
10%
10
10%
160
91%
96'%
4,422
0
34
24%
*
__
17
27%
34
130
24%
24%
25
9%
934
50
16%
17%
2,360
Jan
Legare 6%
27
Jan
303%
Feb
34%
Jan
49'%
49
52
8.143
49
Feb
59
Jan
*
13
12%
13%
2,780
12%
Jan
43
315
U
11
11
—*
——t.
*
135
15%
Feb
50
Jan
11
Feb
12%
Jan
Jan
14
Jan
14
24'%
110
24%
Jan
25
Jan
27
27%
395
27
Feb
32%
Jan
159
159
30
159
Feb
159%
Feb
15
15%
75
15
Feb
17'%
Jail
24
22
Jan
22
*
14
27
14
25
14
.
Feb
11%
Jan
100%
Jan
Feb
38%
Jan
Massey-Harris
24%
Feb
McColl-Frontenac
26
Jan
10%
Jan
16%
Feb
20
Jan
Mitchell
-
1
1
•;
29
1,001
27
Feb/"'
32
Jan
Molson
445
16
Feb
19
Jan
Montreal
25
Feb
10
Jan
Montreal
23
23'%
220
Feb
28
Jan
Montreal
1.10
1.30
324
30
30
31%
•230
23
1.10
30
22
14%
30
12
12
125
875
Jan
14%
Feb
15%
Jan
12
Jan
12
Jan
Feb
9
10%
Jan
7%
Jail
*
9%
9
9%
5%
5'%
6%
575
5%
Feb
3.010
16%
Feb
19
Jan
10%
Feb
13%
Jan
5c
Feb
85c
Jan
Feb
19'%
Jan
*
com
Breweries
Cottons
16%
17%
10'/a
10%
1,151
5c
5c
17c
51,538
16
16
16%
470
16
/
*
Ltd
common
Locomotive
16% '
10 %
*
new
*
*
:
Oil
(Robert)
8'%
—
*
Export class A—
Rights
16%
8%
*
Class B
Feb
9%"
22
14%
—_—25
1.—*
Feb
16
23
(
Feb
41
24'%
common
10
27
*
Jan
Feb
3,832
——.—3
preferred.—
91%
—
*
13
24
32%
100
34
8'/a
25
Feb
10
30%
*
Lewis Bros Ltd
13%
92%
10'%
24
31%
——*
common
—
14%
•
Steel
Corp
preferred
24%
5
& Smelting
Feb
*
v
(John)—
Woods
25
„
Jan
Jan
11%
7%
of the
48'%
16 %
41
Ltd
Co
Jamaica Public Ser Ltd common
Lake
Jan
Feb
25
Jan
__
1,195
•
43%
14%
15
Canada
Petroleum
598
36%
Jan
Jail
Jan
7
•
10'%
•
common
60%
13%
30 %
48
5
International
36
Feb
Jan
Feb
Jan
31%
*
25
of
58
10%
7
23 %
962
15%
7
—
Nickel
15%
1,340
Jan
46
45
46%
13
common
preferred
■
681
47
44
24%
A
26%
14%
25
preferred
Industrial
45~
14%
——£1
preferred
6 '/b
46
50
36
.
12
Jan
Jan
16
Jan
26%
;.
;
—
58
page 40.
Jan
8%
a—
20
preferred »%.
3 %
common
see
283s
Feb
for Week
Range
of Prices
14
common—*
——1
C——
T
Red
94
common
common
Feb
8%
a
26 %
V
3%
preferred
.
25a4
100
278
Feb
Jan
•
&
—
20'%
Jan
3%
..100
*
Foundries
8%
a43 % a44%
Feb
27
•
pfd
Bridge
Dominion
4
8%
a
20%
Feb
756
*
6%
Jan
2534
24 %
*
Dairies
6 %
a—
841
24
—„——
Coal
Dominion
Feb
263/4
24%
Seagrams
Dominion
4%
a
25%
25
Glass
Dominion
a
Chemical
&
20
,
B
Jan
Jan-
Tar
516
Davis Leather Co Ltd A
Distillers
24
52%
Dominion
5,537
Investment
Mining
Jan
18%
21
Plow
Consumers
Jan
%
26%
20%
Locomotive
Consolidated
69%
a
Feb
20%
Pacific Railway
Cockshutt
Jan
Feb
•
B_
26
a31% a32%
a
14
♦
common
Canadian
Feb
23%
25%
17
Corp
Canadian
Jan
25
a
25
10%
Alcohol
Jan
29%
Feb
2.03
100%
-
——'
Foreign
16%
Jan
Jan
25
Canadian
Feb
1,885
10%
Canadian Fairbanks 6%
14%
27
14%
•
Converters A
Jan
25%
20
B
Feb
18%
25%
18%
series.—
Canadian
Feb
4%
Feb
Ltd————.———*
—___—25
Celanese
27%
Feb
15
Stores
160%
common
series—
100
Dominion
for Week
485
A
$1.75
Feb
4%
14%
Sale Price
International
Canadian
27%
25
425
1,000
10
Coal class
&
*
Foundry
Jan
15%
Last
.733
common
Car &
Jan
18
27%
Friday
19
Breweries
Canadian
40%
Feb
24
STOCKS—
165
•
Steamship
5% preferred
Feb
15%
13
Exchange
20%
...»
Canada
39%
50
MARKETS
FEBRUARY
17%
Class
Power
Jan
i-U
■
17
Canada S'/o
Northern
Jan
2%
common
161
preferred
Canada
Jan
8%
26%
75
15 %
a4 %
*
50c
18%
Products
$1.30
9%
Feb
2.85
Imperial Tobacco of Canada common_5
Canada
Feb
7V«
2%
A
100
18%
Bruck Silk Mills
Building
8
22'a* Feb
500
15
1
576
Feb
B
Rubber
639
*
4%
17
-.1
3,000
17%
common.—
Corp
Jan
Jan
2.85
—
Western Union Telegraph
22c
—-50
Power
30
2%
common
Jan
1633/4
Columbia Forest Products
British
8%
Jan
'
•
preferred
conv
Jan
Feb
2.85
Inc.
100
Oil
British Columbia Elec 4%
British
•
Jan
48
7%
28
1
Air
17%
Jan
Feb
•
100
Light & Power
American
3%%
A
.
Trac
22
Feb
41
27 %
5
Preferred
2%
Telephone
Brazilian
Jan
21%
5
_
_
Gatineau
Bathurst
Jan
Jan
——1
—
43
18%
....
«.*
—
21%
20
160
—.25
common
Warner Bros Pictures
13%
Warrants
.
Jan
Feb
Feb
Feb
1,054
50
.
10
18%
17
280
a
a31%
34%
9,518
*
pfd
Feb
9
135
1,222
200
1
__
_
Feb
40c
Anglo Can Tel
Argus Corp Ltd common
•
41
1514
■
25
common
49
1.95
•/
_
261
a
17%
7%
15%
Swift St Co capital
34%
19%
39
—
43b
41
15 %
»
11%
14%
*
pfd
.;\;y X.
;
9%
181
115
7%
25
Jan
13%
*
;
Jan
7%
._15
————
common
14
18%
25
common—
4%
a21 a22%
—
t_*
Feb
18%
^.100
-
Algoma
Feb
17
_5
.
United
13%
•
490
9%
Par
preferred
Jan
4»a
18%
10
——
Canadian Fundi
Power
115%
8
'
10
A
Co
Silver King Coalition
Sinclair Oil Corp
Texas
RANGE FOR WEEK
$1.50
Jan
1
Jan
CANADIAN
Abitibi
33
41
•
Corp
50c
Low
Jan
115
—
•
Republic Steel
49
Par
Jan
22%
a21
Radio-Keith-Orpheum
50c
Range
10%
Jan
4%
a25%
367
of Prices
32%
Feb
20Vis
115
—
25
Corp of Delaware
Utah-Idaho Sugar Co common
19c
Last
Feb
10 %
—
20
Jan
34»/i
Sale Pric«
27'a
507
122
Jan
7%
>,
STOCKS—
235
10%
17V8
Phelps Dodge Corp.—
245
Week's
27'/a
22 %
„
33%c
Pepsi Cola Co
Jan
3
Friday
8%
Feb
22
—.
1
21c
Montreal Stock
.Feb
10%
—
-50
Pioneer Mill Co—
10
;
•
16%
27%
„
„
2.50
common
2.35
16%
19c
15%
„
♦
common
27%
150
5c
„
Co
Jan
17
19c
—1
Co
Copper
330
15
100
26%
a33Vk a33%
—_
10
15
—
10
230
44
,17
-
_
Cons
9%
al7% al8%
__
al7%
20
637
17%
17%
•
!
Jan
•
Co
Motor
Western
Matson
15%
common
Studebaker Corp
Jan
36
Feb
8%
—
Co
13
20
—
Pennsylvania RR Co
80
5%
a—
32
a
32
1
Tel
140
(---
A
32
1
&
Co
Sugar
Standard
•
*
Canada
13
Jan
a50 a51%
'
Co
13
1
Preferred
Radio
Feb
a39% a41%
a40%
—_1
Corp.
Nickel
Jan
—
100
Port Cement common
United
Mines
21
Jan
a—
•23% Feb
5»/4 Jan
Feb
364
111 111%
•
Co-J———
International
&
2%
22%
25
32%
•
Idaho
J
26
•
common
17%
Feb
10
common
Railway
Reynolds
26
-
common.
—
Oil
99
22%
4%
4%
32%
Rubber
Class B
a7%
22%
•
Ry non-cum 'pfd—
Battery Co A
Holly
M
a6%
"lOO
prior pfd
Feb
18 3,4
Jan
Feb
Jan
2%
a__
a38%
Great Northern
.
11
10%
24
4%
•
Graham-Paige Motors
Hobbs
Feb
1,160
22
j*
Co common
&
150
2%
a4838 a48%.
Co
(B F)
Oil
<
Corp
Goodrich
10%
285
a6%
—11
Products
Goodyear
Jan
22
—_5
General Electric Co
General
Jan
353/4
a45% a46%
—
155'2
940
Pure Oil Co common
—1
-
Del
Domlnguez Oil Co
Board
44%
Feb
22
—15
Crucible Steel Co of Amer
Kodak
Feb
32%
*
«
Curtiss-Wright Corp
Eastman
40%
189
2%
2%
690
32%'
10%
—•'
40 5/8
32%
•
&
Continental Motors Corp
Fibre
40%
*
Consolidated Edison Co of N Y
Cons Natural Gas Co capital—
Continental Oil
40%
10
commor
&
300
19%
Jan
17
•
26%
41%
310
Feb
Pan
Chesapeake
Pacific
Oahu Sugar Co Ltd
Feb
3%
15%
18%
I*.*.-*
a—
—
27%
160
a39 % a40 %
a39 %
_
Sullivan—
Aviation
Jan
Feb
Onomea
3%
5
-
_
American
14%
31
1
—
High
15%
18%
•
capital
10'/4
33 \'i
a
Low
15%
•
60
''
3%
•
new
'
11
27%
a32%
.
5
capital—
Borden
5
—
Bethlehem Steel
Co
—-
Range Since January 1
High
5
Distillers Prod
560
al2% al2%
100
Corp
Blair
&
13
_
RR common
Low
Shares
Jan
5%
Feb
Nash-Kelvinator
North
Baldwin
Sales
for Week
of Prices
*
445
a20 a21'/4
4%
tfigh
'
'
Sale Price
Works
Telegraph
Tramways
Jan
1.95
Jan
Montreal
Feb
34%
Jan
Murphy Paint Co——:
34
35
80
34
Feb
37
*
11 %
11%
50
11%
*
1434
14%
385
40
100
48
48
2
32%
34
150
22
22
50
*
%
Jan
Feb
11%
Jan
14% Feb
16%
48
Jan
48
Jan
32%
Jan
36%
Jan
22
Feb
23%
Jan
Jan
37
38
(778)
"
•
THE COMMERCIAL
&
CANADIAN
RANGE
Friday
;
STOCKS—
Last
Week'*
Per
National
Breweries
7% preferred
National Drug &
National
Steel
42
Chemical pfd-
Car
Corp
._*
Niagara Wire Weaving
1,287
42%
:
%
Jan
Jan
11%
Jan
Foreign Power Sec Corp Ltd com
6%
cum
red preferred—
20
Feb
22%
Jan
Fraser
24
Feb
25%
Jan
Great Lakes
46
Jan
51%
Jan
450
42
Jan
44
11%
41
11
21
1,550
24
*
common
Ford
45
24
100
IVo
Flour
Mills
*
46
46
preferred
Ottawa
25
48%
1,402
25
A
25
405
100
161 %
161%
162
10
•
.
32%
29
32%
4,410
15%
16%
445
Electric
25
161%
Feb
28
Jan
Feb
165
•
Page-Hersey
♦
29
29
31%
185
29
Feb
32%
Jan
*
64
64
64'A
51
64
Feb
65
Jan
Penmans
Ltd
common
Development
Powell
River
Power
Price
Bros
of
&
Ltd
Paper Co Ltd
Jan
Int'l
Paints (Can).Ltd
19%
100
18%
Jan
21
Feb
38%
955
37%
Feb
41
Jan
11
12%
2,158
11
Feb
14%
58 '/a
60
3,500
58%
Feb
68
Jan
12
12%
290
12
Feb
13%
Jan
17
17%
810
17
Jan
17%
Jan
•
*
Rolland
17
4%
class
A
26%
26%
26%
65
26%
Feb
14
14
2
12%
Jan
*
•
11
11
12
50
36%
36%
38%
202
36%
preferred
31
245
30
Paper 6%
113
120
246
113
14
Feb
Feb
*
common
pfd
26%
Feb
30
com
St Lawrence Flour Mills
10o
Water
Series A 4%
&
Power
113
1,170
V
*
20%
20 %
21%
2,354
50
46
46
46%
648
com
preferred
Sherwin Williams of Canada
Sicks Breweries common
*
com
24
24
Steel
Co
7%
of
17
1,036
16%
Feb
19
22
41
Jan
43%
12
21
12
Feb
15
2%
2%
200
29
29
*
*
A
*
Ltd
9'A
20
16%
United
Steel
.
Jan
31%
132
—
Wabasso
Power &
25
Feb
21%
Oil
4%
pfd
47%
Feb
25%
24
Montreal
Weston
Wilsils
(George)
Jan
Paul
14%
Jan
Power
Service
5%
5%
65
22
Feb
21
Feb
Quebec Tel
Corp
class
99
60
99
Feb
99
38
Jan
19
Jan
60
17%
Jan
18
Jan
1,045
6
Feb
Jan
Russell
95
60
95
Feb
97
Jan
Southern
7%
Rand Service Stores
Industries
(Canada) Ltd
Canadienne
Canada
Pr
6%
352
67
Jan
77% Jan
Southmont
74
70
73%
Feb
79
Jan
5%
5%
6%
1,870
5%
Feb
7
Jan
75
75
80
75
Feb
78
Jan
25%
25
2 6'/8
1,970
25
Feb
27
24
24
10
_Z
20
20
10
20%
22%
4,552
97%
98
20
Feb
24
Commerce
98
5
5
400
5
20
20%
2,685
20
Feb"
20c
20c
20c
Feb
20c
Feb
22
22
50
21
Jan
22
Jan
66
66
25
66
Feb
71
Jan
10%
Jan
25%
iq
Invest
Co
Brown
Company
Canada
&
Canadian
Gen
Canadian
Industries
Canadian
5%
Invest
int'l
Candn
5%
26%
*
34
34
35
126
34
Feb
*
32
.32
11
32
Feb
*
17%
18
75
17% Feb
Jan
,
Jan
21
Jan
Westeel
25%
Jan
Windsor Hotel
96
Jan
98
100
Chatco
Claude
Beaulieu
35%
Jan
37
Jan
Bob's
2 4'A
Feb
25%
Jan
50
Jan
50
Mines
Yeilowknife
Bonville
Lake
Gold
Gold
—
—
Mines
Mines
Mines
—1
Ltd
Ltd
1
Gold
Mines
Mines
Ltd—
Gold
—1
8%
Low
High
10% Feb
12%
20
Feb
20
50
20
Feb
11%
1,200
9
Jan
17
25
80c
800
5%
5%
125
74
80%
215'
3%
3%
4%
14,843
83
82
16
46
88 %
602
15%
16%
9%
75c
17
Jan
Jan
Feb
1.00
Feb
Jan
5%
74
Mines
East
Consolidated Textile Mills
5%
preferred
Ltd
Eldona
Class
Ltd
Dominion Engineering Works Ltd
Dominion Oilcloth & Linoleum Co
Dominion
3%
Hollinger
_
6%
Jan
Joliet-Quebec
82
Feb
108
Fleet Mfg & Aircraft
For footnotes
see
page 42.
>
•
9,700
•
Feb
10,000
9%c
*
'
?
Feb
56c- Feb
16c
500
9'Ac Jan
500
6c
18c
40,900
6%c
3,000
6c
Jan
7c
20c
8,300
15c
Feb
..22c
22
100
20%
Jan
80c
Jan
Feb
21%
93c
3.00
76c
1.15
20c
20c
.-,
2.65
8,200
61,400
70c
2,500
19c
100
,
5c
v
8c
Jan
Feb
I 15c
13,900
Jan
11c
Jan
22c
Jan
.
V
Jan
^
V
Feb
Jan
Feb
22
,
1.09 Feb
3.50
1.31
Jan
Jan
Feb
Jan
23c
V
lie
-
•
:
V
5c
18'c
10
13fc
•4c
.
illl
_
5c
11c
fJrL
.'80c
,
5
_
"
:
.j,
Jan
Jan
6c
Jan
4'Ac
80c
80c
J''n
lie
12,300
3,500
•
20c
r
18c :22 %c
Jan
Jan
5c
Jan
80c
Feb
93c
Feb
18c
Jan
24c
Jan
10
Feb
12
Jan
4c
500
>
19,000
Hudson-Rand
16
680
15%
Gold
Gold
Mines
Ltd
1
Mines
Gold
Consolidated
Ltd. —^1
Lake
Mines
Ltd
Mines
Ltd
_
_
Addison
Gold
_
10c
2 %c
500
'
9c
Feb
lie
Jan
1,274
2 'Ac
Jan
3c
Feb
4'/bC
3,000
4c
Feb
5'Ac
Jan
38c
1,100
35c
Feb
49c
Feb
13%
550
13%
Feb
14%
Jan
1.60
1.60
1.60
Feb
5.80
6.70
13c
13c
4 'Ac
•
—1
38c
1
_
Ltd
Mines
Feb
18%
Jan
100
46
Feb
50
Jan
Labrador Mining & Explor
35%
Feb
37
Jan
Lake
Rowan
10
Feb
11
Lake
Wasa
225
840
13%
*
~
_1
235
11
10c
2 "Ac
—
•
—
10
10
V
35c
13%
Jan
Jan
Kirkland
-
Lake Gold Mining Co Ltd —1
(1945)
Mines
14%
Feb
15
Jan
Feb
24%
Feb
4
Jan
Feb
__
100
1.50
525
'
5.80
500
Jan
Feb
7.65
Jan
12c
Jan
13c
Feb
1
-
52c
52c
55c
3,000
52c
Feb
58c
Jan
-1
47c
47c
50c
6,000
43c
Jan!
51c
Feb
Jan
3%
5.80
1
Mining
"
•
1
Co LtdLtd
Lingman Lake Gold Mines Ltd...
20%
105% 105%
24
105
1.45
Lingside Gold Mines Ltd
Jan
Louvicourt Goldfields
106%
Jan
Macdonald
1.95
Jan
23
23
130
2.00
Jan
2.00
Jan
Normetal
Mining
11
Jan
12 %
Jan
Feb
25
Jan
O'Brien Gold Mines Ltd
23
Feb
27
Jan
141
3%
10,270
41
41
25
3Vb
40
Feb
3%
Jan
41
Feb
Pamour
Pandora
Jan
Pato Cons Gold
14
50
14
Jan
14
108
25
Feb
28
Jan
15
15
U
15
12
13
250
12
Feb
40c
600
40c
Jan
50c
50
Feb
58
50
50
50
15
*
3%
3%
4%
950
6%
6%
6%
175
15%
15%
25
45c
Cadallic
45c
169
16%
16%
21
21%
250
15%
16%
18,814
11
7
17%
u
17%
11
17%
320
50
30
30
10
6%
7%
140
•
35
35
45
*
37
37
160
*
37%
100
*
—
—
3%
6%
Jan
Pitt Gold Mining Co Ltd-,
2%
6c
1,000
1.95
2,100
1.34
1,00Q
5.70
20O
1«C
2,000
8c
6c
Jan
1.82
Feb
' 1.18 Jan
1.95
Feb
1.87
'
200
5 %c
13,500
15c
Quebec Manganese
•
Jan
Jan
Regcourt Gold Mines Ltd
1
Jan
Rochette Gold Mines Co Ltd
—
—
Feb
1.34
FPb
6c
Jan
2.17
Jan
1.34
7'Ac
Jan
Jan
5.80
Jan
Jan
15c
Feb
Jan
5c
5.20
20c
Feb
9c
Jan
Feb
40c
Jan
7
Jan
16%
45c
Santiago
!—
Mines'
Sherritt-Gordon
Mines
Ltd
Jan
Jan
17%
Jan
21%
Jan
15%
Feb
19
Jan
11
Jan
11%
Jan
Soma-Duvernay Gold Mines Ltd— —t
17 %
Jan
17%
Jan
1944 Ltd
Stadacona Mines
Standard Gold
Sullivan
Cons
Thurbols
Mines
Mines
si
Mines
>
•—
ty.ioc
-
—,
.
*
30
6%
Feb
32
Jan.
Feb
7%
Feb
40%
Jan
37
Jan
38
Jan
Amulet Mines Ltd
Oil
Stock*—
Calgary
&
V
I4c
•
v
Feb
1
Feb
.10c
Jan
Jan
65c
15c
.
Ltd
_,
•
40c
40c
ioc
1.60
12c
8,625
Feb
2.10
*300.
M375
Jan
Gaspe Oil Ventures Ltd
1
Jan
Home
8% Jan
9%
•
16c
3.00
Feb
Jan -'
Jan
40c
Jan
41c
40c
Jan
43c
Jan
10c
Jan
13c
janv;
55c
Feb
"€7c.
Jan,
8c
'
-500
,6,167
gc
5,550
■
v
/• 200
1.75
lie
19,500
5%c
8c
93,500
4.75
100
4.00
44 %C 44"Ac
1
23'A
•
.
Feb
Jan
14c
•
Feb
lie
Jan
Jan
''M.60
Feb
2.08
Jan
9%c
Feb
19 %c
Jan
5c
Jan
9c
Jan.
4.75
Feb
5.00
Jan
•>
,
Edmonton Corp
Jan
OH
Homestead
Oil..
Co Ltd
26
15
25
Feb
26
Feb
Okalta
42
70
41%
Feb
49
Jan
Omnitrans
15
94%
Feb
94%
Feb
Pacalta Oils
6,125
2%
Feb
3%
Jan
Royalite Oil Company Limited
Oils
Ltd
Ltd
Ltd
13c
800
500
12 %c
16c
14,100
;.38c
45c
5,500
1.45
1.45
1.52
1,000
5.50
5.25
1,10
3.75
4.50
Jan
Jan
60c?
Jan
Feb
Jan
38c
Feb
20'Ac
A 45c
1.25
6.00
3,600
1.05
1.10
i\ 1,600
f
10c
10c
14c
10,000
10c
*
6%c
•6 % c
6%c
3,000
6c
16
16
50
*
Feb
43c
12 "Ac
*
•
Exploration
Co
*
*
26
7
2.40
3.75
*
20
2%
24c
8,000
4.75
Be
Ltd—--——*
2%
L5%c
9%c
1
Dalhousie Oil Company
94%
17,000
Feb
35
Waite
y 8c.
1.60
1
Jan
94%
41,100
14,110
14C
55c 57%.C
1
1
14
225
40ft
i;40c-
•!pr\
*
Ltd—
Ltd
Feb
8%
:?12c2.10
2.20
1
1
11%
10,660
12c
Jan
20
i3%<f:
_
...
Siscoe Gold: Mines Ltd-:---—A--.
Consolidated
14
29c
15c
..
'
;
50c
Jan
12
,
14C
Mc 'Jan-
Jan
Jan
15% Jan
.
,
24c
1
4%
Feb
Jan
24c
15 c.
15
13%
Feb
15
y. 7c
—
41%
!
1.68 Jan
5.70
:
1
40
8%
——
5,300
5 'Ac
^
1
—
37% Feb
21%
.•
——
Feb
1.90
1.90
Feb
1.05
6c
—
Ltd —-1
10
12
:wv-' v
1.66
1.34
Mines
Gold
37%
20%
_
21
Jan
400
1,700
1.87
—
1
-
Dredging Ltd
'
16%
_
89c
1.66
1.10
Jan
Jan
Jan
26%
40c
*
25,250
7c
1.45 V
Jan
1.80
—.
1
-
Pen-Bey Gold Mines, Ltd———
25
>:.•
1.12
Jan
6c
1.05
Porcupine Mines
Jan
14
45c
1.25
Jan
130
1,000
6,400
1.66
—
1.10
*
Norseman Mines Ltd
24
20
130 135%
Ltd
Corp
55
24
96c
1
1
'410
3%
26%
1
Dredging
6c
1.35
93c
1.25
6c
1.25
•i" ■';
*■
1
Mines Ltd
Cons
25
•
1.00
Ltd
Malartic Gold Fields Ltd
Nechi
3%
Kootenay Power 7% cum pfd__100
Fanny Farmer Candy Shops Inc
1
pfd
-
6c
2.65
.'.
—
_
Consolidated
Feb
71
East
red
Jan
82c
'
405
•
6%%
5c
Feb
9%c
93c
1
Goldvue Mines Ltd-
Jack
841
*
Fed Grain Co.
Feb
6c
>
1
-!
God's Lake Mines Ltd——.
Feb
3%
Donnacona
Steel Products Ltd
Jan
50c
•
80c
1
(1945) Ltd
Formaque Gold Mines Ltd——
Feb
14%
Dominion Woollens & Worsteds
Eastern
40c-
5c
82c
2.65
"■<:
1
———
Foe tana Mines
5%
21%
*
Paper Co Ltd
3c
70c
Feb
15c
22
—_1
.
Ltd
Calmont Oils Ltd——
Square Corp
550
6,000
5 %c
6c
—1
Ltd
46
;_*
—
Jan
10c 10'Ac
6c
...
Mines
Gold
87%
3%
2o
B
Jan
21c
Jan
500
9%c
16% c
1
——
Vinray Malartic Mines
David Ac Frere Limitee A—
22c
Jan
5c
40c
•'
—
1
El Sol Gold Mines Ltd—
Feb
14%
•
com
.:
1
.
•
Sullivan? Mines
Feb
20%
*
Ltd
Jan
10c
3c
10c
—
Mines -Ltd
35%
10
Consolidated Lithograph Mfg Co Ltd..*
Corp
'
I
—1
.
—_ _
46
__5
Paper
10c
13,000'
15c
-.
Silver Miller Mines Ltd
Consolidated
38,000
12c
5 "Ac
70c
r
;744c.
.
35%
*
Consolidated Bakeries of Canada Ltd..*
Consolidated Div Standard Sec cl A__♦
...
Feb
Jan
100
Preferred
70c
*
Donalda Mines Ltd
Range Since January l
♦
preferred
Feb
7c
10c: 13 %c
•?
1
Mines—
Central. Cadillac
Dome
*
common
Jan
17'Ac Jan
10c
Cournor Mining Co Ltd
25
74%
*
Preferred
Commercial Alcohols Ltd
6c
15c
Jan
6,000
6 "Ac
7c
5 "Ac
5 "Ac
Ltd—
Cortes Explorations Ltd—
9
•
*
Ltd
7,800
Jan
Consol
High
Feb
8%c Feb
2,000
Jan
2
com
6'Ac
;
6c
8,000
1
8c 10'Ac
lie
1
_
"
to%c y
—1
Ltd
Ltd
—
'
Jan
1
Adv
Jan
Jan
25%
135
2,029
12%
...15
Ltd
12c
10c
■28
3,410
25
22
100
General
7 "Ac
Jan
26%
24
Prod
6c
8 %C
38
Mining Stock*—
Alger Gold Mines Ltd
;
Ashley Gold & Oil Minerals Ltd
36%
11%
Neon
Feb
6'AC
11
Steel
Feb
10
Beatrice Red Lake Gold Mines Ltd_ —.1
24
com
29
Jan
21
common-...
Ltd
12
Feb
Jan
23
5
common..
Jan
10
Feb
2
Products
8%
28 %
22
Feb
&
preferred
1
125
10
638
2
Food
9%
28%
10
22%
Jan
"
cum
Jan
9%
8c
12%
*
5%
Feb
28%
9%
1
22
Canadian
Catelli
Feb
Feb
18%
*
Ltd—.
Band-Ore Gold
1,800
Cassidy's Limited
35
32
-f
*
Products Ltd.—
Jan
1.65
preferred
Jan
Feb
50
—
cum
Jan
United Corporations class B
United Securities Limited——.
50
Canadian Silk Products class A
7%
115
United Amusement Corp Ltd cl A._
Class B
22
100
Canadian Western Lumber Co
Canadian Westinghouse Co Ltd
Feb
Jan
14%
Company
Ltd
113
Jan
Feb
21%
1.45
Vickers
Jan
Feb
Feb
Paper Inv Ltd com—*
preferred
*
cum
Feb
14%
17%
20%
9
25
Feb
4%
10
120
1
Power
114
6
Jan
13 %
Feb
12%
*
com
preferred
cum
Canadian Marconi
113
Feb
22
10
200
21
Week'*
5,000
25
13%
Jan
$9,000
5
25
15%
___•
common
4%
Feb
50
*
Inv Trust Ltd
Jan
15%
22
5
Ltd
5
25
Jan
75c
•
,
10%
15%
Feb
17
*
com
10% Jan
15%
12%
Dominion
Canada Starch Co Ltd
42
13%
Kerr
Canada Packers Ltd class A
Jan
10%
111
40c
20
20
100
Sugar
Canada Malting Co Ltd——*—
55%
10%
35%
1
Preferred
Feb
Feb
*
common
Jan
52%
13%
Found Lake Gold
com
Feb
109
25
Feb
J-M
& Paper
Jan
15
25
52%
13%
20%
10%
11
♦
British Columbia
Pulp
16%
25
111
52%
26%
:<
20
A
15
110 %
52%
*
♦
cl
Jan
Jan
Low
•
Ltd
10%
Feb
Bkare*
*
Class B
Feb
3 4'A
Rang*
Co Ltd——5
British Columbia Packers
7%
2a%
ef Prlceg
•
Bright & Co Ltd T G
225
90
Sale Prlea
A
8%
Thrift Stores Ltd
Bales
ferWeek
Far
Ltd
Feb
7%
150
Last
Millen
13%
1
37c
25%
Friday
<te
Jan
16
Canadian Fonda
Brand
Jan
15,233
Montreal Curb Market
Belgium Glove & Hosiery 5% pfd
10
11%
Ltd
Centremaque Gold Mines Ltd
Century Mining Corp Ltd-;
..
125
640
39c
Cheskirk Mines Ltd
Anglo-Nfld Development
Atlas Steels Limited
10
13%
13%
Candego
Acme Glove Works Ltd
10
12%
37c
Bouscadillac Gold
STOCKS—
10
26
50
Jan
1.2%
34%
50
23%
13%
24%
1949
Jan
Jan
37c
Buffadison
notes
Jan
5%
13%
35%
24%
2
Jan
100
BondsMontreal Power 3%
-
22
10
Jan
28
Feb
21
10
Scotia
Royal
14
Feb
25%
22%
Jan
Feb
34%
III 10
Montreal
Feb
43
12
100
Standard Clay Products Ltd
22
Feb
25%
*
pfd
69
10
100
•
67
__
12
39
93%
*
...
Ltd
73%
.25
125
50
*
Reliance Grain Co Ltd..
6%
95
__
40
Feb
85
18
6
*
preferred
Jan
14%
20 V2
50
._
73%
common
10%
Jan
12%
210
pfd—... 1 no
A
18
6%
100
Limited
Jan
100
1,155
15
1st
cum
18
Bank*—
Nova
6%
part 2nd pfd__
18
*
preferred
Zellers
22
•
common
9
9
14
Feb
93%
Ltd
Stores
Corp
N C
99
__
__
*
I
Electric
Jan
7%
68 %
•
common
Ltd
Winnipeg
Jan
52%
26%
„
•
Worts
8%
Jan
12
Orange Crush Ltd
15%
*
&
Feb
52
25%
a
Island Power
•
Walker Gooderham
7
3
93%
v.
—
*
Feb
21
Jan
28
3
39
$
Feb
21
10%
Jan
7
Jan
Jan
Feb
Feb
52
9
100
Jan
Jan
29
9%
27%
325
13
13
.
46
Jan
55
•
Jan
20%
Feb
Jan
Jan
3%
28
—'•
•
Paper Co
25
Cotton
"
—
50
Jan
12
•
Corp
29
Jan
7
'
-
Jan
46
Feb
11
12%
•
common
90
10
27%
2%
52
—
*
com..
preferred
conv
2%
5
175
100
Canada
Jan
Feb
42
5
465
100
preferred
Jan
12
Feb
13%
common
54%
42
Feb
13%
*
Standard Chemical
5%
preferred
Feb
16%
42 '
Maple Leaf Milling Co Ltd
*
Massey-Harris Co Ltd 6%% conv pfd.20
12
♦
pfd
Jan
42%
Jan
16%
•
12%
Power.
6
•
*
-■•
MacLaren
13
com__
Canada
Jan
2,846
1
12
Southam Press Co
Southern
6
47%
iAlfred) Inc
Lowney Co Ltd (Walter M)
6%
Simpsons class A 4%%
40c
42%
Lambert
•
Simon H. & Sons
Feb
45
...
Foundation
cum
*
C
T
35c
65
*
Bhawinigan
23
600
Jan
59
Investment
6%
cl
preferred
cum
McColl-Frontenac
St Lawrence
Jan
40c
6
Int Metal Industries Ltd A
Jan
19%
common
High
21
6
Hydro-Electric Securities Corp
18%
37%
Quebec Power
St
Low
580
35c
-
21%
6
.
35%
11%
•
Paper com
Lawrence Corp Ltd
—
Range Since January 1
High
21
100
—
Feb
371/2
Transport
Regent Knitting
*
com
de LaSalle Inc—
Jan
*
common
Low
21%
1
15%
•
Canada
Co
Share*
A_.
;
25
♦
Co.
Corp
Provincial
1
class
preferred——
5%
Placer
for Week
Jan
Rwys
Ottawa L H & Power commons
Tubes
of Canada
Companies
Hotel
Ogilvie
do
Motor
Jan
Feb
20
20%
Sale*
Range
of Price*
Par
High
41%
11 %
.*
Noranda Mines Ltd
Low
44
Week'*
Last
Sale Price
STOCKS-
Range Since January 1
High
42%
—5
13
Friday
Share*
41%
25
MARKETS
WEEK ENDED FEBRUARY
FOR
Monday, February 16, 1948
for Week
of Price*
Low
•
common
LISTED
CHRONICLE
Sale*
Range
../■
Sale Price
FINANCIAL
5.25
1.00
16
Jan
Feb
Jan
Feb.
Feb
Feb
J
6.50
1.30
18c
9%c
18%
Feb
Jan
1.80
(
Jan
Feb
••Feb
Feb
Jan
/
Volume
16? Number
4673
j*.'
the commercial, & financial
chronicle
(779)
39
MR*
CANADIAN
LISTED
RANGE FOR WEEK ENDED
Toronto Stock
MARKETS
FEBRUARY
13
/
v
Exchange
'
Friday
,
Canadian Fonda
Week's
Sales.
Last
Range
for Week
Sale Price
of Prices
Shares
,
STOCKS—■
Range Since January 1
•
Friday
Sale Price
stock*—
Range
Abltibi
Power
&
Paper
Low
common...
Akaitcho
•
American
Nepheline
Cons
1,000
80c
Jan
250
i4c
Feb
•
pfd—
71/2C
110,100
4%c
Feb
13c
4,195
37%
Feb
56
24%
29c
Oil
9
1.60
-1 .£
42c
50c
15c
1,000
7
875
35c
25c
31c
12%
_1
8'Ac
7-c ll%c
;
Mining
Porcupine
——_1
19'Ac
18c
23c
27,500
18c
Feb
33c
Jan
1
__
10c
13c
5,500
10c
Jan
16c
Jan
12
Feb
13
Feb
Jan
11c
7c
Jan
9%c
Feb
13%
F«b
13c
13c
22c
11,100
19c
Feb
25c
3.80
4,350
4'A
50
16c
18c
4%
Feb
4.00
16c
3,500
Jan
.
8c
1.566
7c
Jan
26%
270
25%
Jan
28
35%
Jan
37
545
34%
Feb
11c
16,500
18%
9'Ac
560
60c
53,100
Jan
12'Ac
Feb
22
72c
40%
38%
Feb
10c
Feb
41
Feb
17
100
17
Feb:-'
4%
48c
46c
21 %c
21 %c
Columbia
Packers
Cosmos
17,000
146c
23c
16,300
21 %c
75
18%
Jan
60
10%
Cub
*
Jari
60c
Jan
Denison
Feb
28c
18%
-
Detta
Red
Feb
10
1,055
9.50
Feb
100
5,150
2,000
11
Jan
Dominion
62c
92%
3,580
91%
Feb
10%
225
10%
Feb
148
148 150%
262
80c
90c
22%
22*A
22
Jan
23
25
Jan
27'A
Jan
16c
Feb
22c
Jan
30c
Jan
90c
Jan
26c
—
27c
1,725
77c
'
80c
3,700
115
115
3
44%
-1
45%
315
11c
lie 11'Ac
9,600
75c
75c
200
65c
Jan
11c
11c
12c
7,600
10c
Jan
lie
10 %c
13c
6,000
12%
99
2%
.2,424
2%
20c
44,300
Jan
Feb
Jan
Jan
4
Feb
5%
24%
16c
25
65
.100
25
20
10
100
1.34
1.34
L.46
6%c
6'Ac
7c
4,500
6'Ac
47c
40c
47c
51,800
40c
33c
30c
36c
4,000
30c
'
2%
Jan
706
uonaida
Dulama
Jan
*
1
,.2,000
,12c
21c
5,700
.16c
29
290
11%
200
,
50
Jan
2.40
Jan
Jan
■
50c
Jan
65c
Jan
19%
Jan
22
Feb
25
Jan
26%
Jan
50c
60c
21%
22
15,100
2,945
26
25%
26
835
40
14
24%
40
13%
15
6c
Feb
4
100
300
"""
4
16%
40%
Jan
Feb
18%
Jan
26'A
Jan
130
26
Feb
26%
20%
75
20
Feb
21%
Jan
12
355
11
Feb
12%
Jan
12
Feb
14
26%
11%
12
Feb
45c
44c
v50c
12,000
44c
Feb
74c
Jan
1
7c
7c
9c
25,850
Jan
Amphi Mines
•
9c
9c
10c
Crest
12,000
♦
7c
8'Ac
6,000
12;400
.'
East
Oil
East Leduc Oil—
East
Malartic
27c
;
Mines
26c 36'Ac
i
Feb
12c
Feb
33c
Easy Washing Machine
Eddy Paper class A
/Elder Mines L
10c
Jan
45c
Jan
1.90
22,730
1.61
2.75
2.70
3.10
28,050
2.70
6%
8
8%
1,125
16
85
—20
V,
Jan
Feb
Feb
1.68
15%
Feb
7c
1.90
*
Jan
26c
1
:
1.10
9c
1
Mines
■
7c
.
*
Sullivan
8
15%
.
Jan
1.90
Feb
Feb
3.50
Jan
Feb
9%
Jan
Jan
16
Jan
Jan
17%
17%
17%
Feb
19%
1
60c
57'Ac
68c
12,862
57c
Feb
74c
1
93 'Ac
73C
1.15
Gold Mines
512,925
68c
Jan
1
20c
18c
22c
English Electric B
Eureka Corp
16,000
18c
Jan
25c
Jan
*
4
4
75
4
Feb
4
Feb
3.40
3.35
4.10
23,020
3.35
Feb
4.55
Jan
4.00
4.00
4.05
2,890
4.00
Jan
4.50
Jan
16%
Xldona Gold
Mines
1
Palconbrldge Nickel
18%
Famous
•
"
■■■■■■■■
Players
•
320
,
1.30
Jan
Feb
16
16
730
65c
Fanny Farmer Candy Shops
16
Jan
Jan
18
Jan
1
41
40%
44
845
2.75
/
Feb
Federal
40%
Feb
Jan
47%
Jan
<■
3%
3%
3%
300
3'A
Feb
4'A
95
97
85
5c
6c
2,020
Grain
com
____.
Jan
•
Feb
13%
1
«1 Sol
Jan
Jan
Feb
Jan
2'Ac
Jan
8
25c
8%
41c,, Feb /
2.48
Jan
28
24% Feb
1,485
Jan
v
9'A
Feb
Feb
Jan
Jah
Feb
3.65
Feb
Jan
40
5
25%
20
12
82c
7
975
24%-
26%
*
Mines Ltd
4%
Jan
Federal
Feb
18%
Jan
Fibre Products com
Kirkland
28
28
160
27%
Jan
28%
Feb
25
__
Jan
_100
Preferred
■
Jan
20'A
Jan
Jan
4.65 Jan
7,700
17%
64c
Feb
17c
16'A
12%
7,300
16'A
Feb
Feb
16%
72c
29
Feb
47c
16%
55c
50c
1,360
100
Jan
Feb
2.65
4
9,526
31,100
77,700
12%
Feb
Jan
131,300
Feb
....
40c
12
11.k
•
Jan
Feb
69c
22
com—
Eastern Steel
Feb
Jan
47c
25c
East
.
9'Ac
Jan
74c 94 %c
Feb
15,775
41c
Feb
19c
Jan
7%
Jan
55c
Jan
24
1.60
83c
25c
13 m Feb :
Feb
23c
30%
15%c
■
■/. 12/
5
.1.34
,
—*
Feb
15c
1,500
Jan
Jan
—1
Jan
.
Jan
2.48
.2n
99c
:
Jan
10c
7c
2,100.
26'A
11
17%
Feb
12,000
47c
4
55c
Jan
Feb
Feb
50c
Woollens
Mines
Gold
28%
130
2.60
«
57c
18c
25
10
•
16%
*
Duquesne Mining Co
Duvay Gold Mines
23Vi Jan
Feb
1.75
Jan
Jan
51c
23.50
Dominion
Jan
100
1.00
21c
17%
50
new
Jan
24c
Feb
22
12
10%c Feb
25
10
25
—
Textile
Jan
6
Feb
Preferred
Dominion
Jan
13%
26%
Feb /j
/./15
4.10
Jan
8%
50
6c
14c
2 2'A
250
12
Jan
15
75
3.65
__
3.70
Feb
11c
100
215
Feb
45%
2,018
5%
115
Jan
8%
24%
Jan
42
7%
1,935
•
Il
Jan
Feb
.
23%
3%
15c
Jan
76c
7
Jan
11c
26c
115
8%
12%
Feb
1.09
80
22%
25%
Jan
65
8%
Feb
Feb
154
608
22%
% Feb
Feb
10%
26
*
3%
101
16c
1
94
v:
26
'
*
Feb
Feb
16c
__
58c
common
95
225
Feb
Magnesium
Dominion Tar & Chemical
...
80c
Foundry & Steel
Jan
8
22,360
Feb
Dominion Dairies
23%
14
148
Dominion
2,922
25
Jan
96%
Dominion
24%
24
Jan
91%
Feb
Dominion Scot Inv preferred
Dominion Steel & Coal class B
Dominion Stores
13%
Jan
21c
Jan
Jan
7%
«•
85c
21'Ac
Jan
1.00
Jan
a
__
Jan
18
Jan
3,465
—
•16%
19%
16c
_■_
Jan
Feb
6c
34,350
r„.
Jan
15
Feb
3%
*
1.50
1.00
17%
16
63A Jan
Jan
Feb
17
16%
11
6% Jan
1.40
83c
Feb
7%c
18c
100
10
23%
28%
Jan
Jan
70c
25
Canada Foundries class A.
69c
6%c
36c
25
61c
Feb
Feb
1
Bank
94
*
15%
%c
35c
3,300
15%
5
600
90c
•
24
_*
_
6%
1.50
_•
Feb
■;
Jan
83c
—
*
Ltd
Jan
18c
j
Mines
20
13c
27c
10%
1
245
85c
Jan
22'Ac
Jan
•
1
1,830
2,00
Jan
8
2
9,500
70c
Feb
11%
"
common
21
1.80
23%
Feb
6%
45
Lake
16%
.
Feb
Feb
.'
6%c
22
Feb
10
Feb
'
20%
100
7%
23%
1.50
85c
Jan
22
Jan
40
215
Feb
Yellowknife
•'6c
100
Jan
2.45
10
*
1
Dickenson
33
12%
Jan
13c
Dexter Red Lake
Feb
3%
22c
1
Feb
28 %
common
2,000
Lake
4e
Mines.
Preferred
19,500
-1
Nickel Mines.;
Red
22%
13c
common...
6c
35c
*
6,500
72c
Oils
5%c
*
A
6c
Campbell Red Lake
5'Ac
ILL.—_1
5c
1.80 *
<1
class
950
Canadian
common
1,500
—100
—
Discovery
24%
Feb
2.15
16c
——_
Feb
East
Flon
27c
1
-.
16
Calgary & Edmonton
25c
1
Distillers Seagrams
Diversified Mining
<■
Calder-Bousquet
Leather
Class B
Delnite Mines
Dome
_■>
25c
*
Jan
20%
15c
1
Feb
17%
Jan
61c
Aircraft
Jan
17%
5c
2,000
Patricia
17c
_.___100
B__.__.__-
Coal___.
Nest
11%
17 %c
Burrard class A
10%
1
28c
2%
Steel
7%
23'A
10
5
.
Feb
5%
Burns & Co class
2.15
7%
•_____ 100
-Davies Petroleum
-
Feb
17
Feb
14,700
n'Aragon Mines
Jan
5%
Feb
10%
17%
3'Ac
38,807
Mines
Jan
17%
Jan
Jan
16c 16'Ac
—
Pershing
Crowshore
Jan
18%
■
Feb
1.00
Jan
1.25
Feb
65c
Feb
75c
2.90
25c
Feb
86c
Trust
14c
Buffadison Gold
Lake
1,000
8,700
1.00
13c 15'Ac
_*
5c
Products
15c
2.25
15c
Jan
Jan
•
Mining
975
,
18,000
—0
Imperial Mills
23c
B—
Buffalo Ankerite
4'Ac
23%
-100
100
*
British Dominion Oil._
British. Rubber
preference^
Bruck Silk Mills
3'Ac
10
2
Gas
5,000
*
A
Jan
2.45
20c
—1
Oil
A
8,655
100
A
55c
18%
«
Power
8 %c
2.19
Exploration
Croinor
Crown
Jan
8.90
169
Feb
Press
28c
____*
class
4%
Mines
Cadillac
24%
1
B
Columbia
Feb
1,000
100
•
Homestead
14c 14 %c
5
Forest.
5%c
2,200
1
Beattie
23c
A
pfd__
17,500
2.74
1
22%
14c
25
6c
2.50
3'Ac
.—*
24%
*
preferred
Columbia Electric
100.
10%
»
Columbia
166,100
18%
10%
1
conv
5'Ac
21'Ac 21 %c
-
—.——5
.Central
Crestaurum
Jan
25c
56c
a
Jan
1.00
Corrugated Paper Box common——-—*
Jan
1,000
/
65c
1
Bakeries
Cournor
Jan
Jan
58c
common.
Feb
1.00
*
National
Conwest
Jan
18%
Jan
1
Oil
38c
*
Yellowknife
Consolidated
Jan
36c
Jan
*
Lake.
2,200
Feb
38%
7.70
Distillers
40c
25
Plow
Lake
Davis
American
—
1
Consolidated Mining & Smelting—
Jan
36 %
8c
160%
a
2.50
1
Consol
Jan
325
150
B_
38c
—
Consolidated
Jan
36%
1,144
*
Jail
—
Consolidated
Jan
20'Ac
14c
1
Feb
8'A
0
Consolidated
Jan
5
166
Brantford Roofing
;
<*
Brazilian Traction Light & Pwr com__*
Cement
Feb
8.90
Pershing
Bread
3.50
10c
Gold
8%
Feb
6c
1
1
Conlaurum MineB
Jan
46c
—1
Feb
8
35c
Jan
17
.
8%
40c
1
Mines
Malartic
Conduits
Jan
Jan
56c
Jan
110
100
Jan
9c
10c
4%
Braiorne Mines Ltd
Brand & Millan class
Flin
10%
2,500
161
"_
Caldwell Linen
1,670
18%
^-1
Gold
Red
Mines
Colomac
Jan
51c
10'Ac
120
8
*
Coin
16 %c Jan
8.90
Mines Ltd_—
&
1
_•
Gold
Cockshutt
Jan
:
1
Klrkiand
Brewis Red
Research
13
8%
8
'
Jan
.100
class
—*
Jan
Jan
13%
8c
18%
1
12
8%.
—
Cochenour Willans
Jan
38c
Feb
8,800
38%
Biltmore Hats A preferred
Blue Ribbon Corp common.
Canada
15c
Jan
12%
lie
10c
*
______1
/'Class B
Canada
Jan
1.40
Crow's
Bevcourt .Gold
Calmont
Jan
22c
34%
36%
Bertram & Sons A
Callinan
10%c
26
•
Telephone
Burlington
Jan
1.35
Cochrane Dunlop common
Preferred
Jan
6,400
9c
7c
10
Berens River
Class
60c
35%
26
lo
,
Yellowknife
Building
Jan
4%
-
lo
_____
.
Scotia
Belleterre Quebec
Buffalo
2.65
Jan
Citralam
Jan
3.50
3.65
Brothers
Co
Feb
Feb
Coastal Oils
Jan
7%
19c
._l
Montreal
Bathurst Power class A
Bear Exploration & Radium
Buffalo
31c
Feb
7c
11%
«•
Cons
Metals
Class
Feb
4,300
9c 12'Ac
_
2.00
Feb
1.20
Chimo
Jan
10c
IOC
Feb
Jan
35c
66,000
10c
7'Ac
-1
16
1.21
,
12c
,_1
Feb
2.00
Coniagas Mines
7'Ac
16
700
consumers
Neva
Class
65c
9%c
6%
50
,_1
50
900
Chesterville
Jan
Feb
Feb
15c
29,400
12%
10%
Toronto
British
9.00
42c
1,000
27c
8'Ac
Jan
16
Jan
8,900
Cheskirk
Jan
5%c
1,000
12%
_1
of
British
12c
10 %C
j.
_
Mines
of
British
35c
11c
•
w
11c
1
Bank
British
2.12
_
Bank
3%%
Feb
8.50 Jan
10,050
6%
1.52
4,000
7 'A c
15c
—
British
2,055
10
Auto Electric common
Brewers
15,600
-1
Gold
Boycon
1.72
5%c
—
-1
__
15%
1.27
Chemical
Feb
9c
'
_______
Bobjo
12c
8.50
8.50
6%
;
Mines
Bonetal
Feb
Jan
1.29
—
—
Jan
3,000
13%
1.25
______
Jan
45c
5,673
Feb
38c
Feb
48c
Yellowknife
Eowes
25%
Feb
14%
1.20
•
common
Aumaque Gold Mines
Bidgood
Jan
22 %c
6c
Quebec
Athona■;Mines.'
Bell
24%
22 %c
1,600
15c
Astoria
Beaulieu
458
12,583
100
1.23
Mines
Chatco Steel Products common—__
Preferred
10
Jan
12c
1.52
8.50
___
Beatty
224
Feb
1
1
Gold
Chrominum
Hardware class A
Atlas Steel
Feb
29c
c
9c
_1
195
31c
25c
221/4
263
25 %
24%
25c
*
_
„
205
15
99"%
2.00
2.00
Feb
15
16
_»
13
100
Centremaque Gold
Jan
195
High
60
13%
14%
__1
Patricia
Central
Jan
471/2
Wallpaper B__
Low
13'A
99%
__
25
Gold
Central
Jan
371/2
195
25
Ashley Gold & Oil
Base
20c
41/2C
1
___
___
•____
Arjon Gold
Armistice
Bankfield
Cariboo
Railway
High
13
100
___
Faemc
Low
•
Castle-Trethewey
87 %c Jan
5
—
Resources
Corp
of
Jan
14c
Porcupine
Warrants
Bank
9
Jan
Jan
39»/4
Ycllowknife
BagBtnac
Feb
7%
81c
Anglo Rouyn Mines
Aunor
240
17 V*
20%
common
preferred
Canadian
Feb
8%
14c
Anglo-Huronlan
Atlas
100
80c
common
Anglo Canadian
Aubelle
Feb
14c
uuinmon
Ltd
American
Ashdown
Feb
99
80c
Amalgamated Larder Mines
Argus
Feb
18%
25
III
t
Aluminum of Canada 4%
Aquarius
13%
2,380
99
Cos
Chateau-Gai Wines
Aluminium
Apex
1.565
19%
-
—r
Mines
Steel
191/a
Oil
Canadian
Hign
8
Alberta Pacific Cons
Argoma
Range Since January 1
Low
*
:.
Yellowknlfe
Alger Gold
Shares
14%"
18%
5'/c
99
11.50 preferred
I20
Acadia-Atlantic Sugar preferred— .100
Agnew-Surpass
Canadian
for Week
High
13 %
13%
>
Sales
of Prices
Par
Par
u
Week's
Last
25%
100
25
Feb
25%
Jan
1
*
6c
7%
305
8%
8%
360
11'A
11%
11%
150
•
—
8%
*
Preferred
7%
10
Fittings Ltd class A
53%
100
2%
*
4
__
94
5c
Feb
Feb
7%
Feb
8
Jan
11%
Jan
100
6c
9
8%
12
Jan
Jan
Jan
Jan
Jan
Jan
•
47
85
47
Feb
Jan
Fleet
10
48%
10%
160
10
Feb
11%
Jan
35%
36
Fleury-Bissell
45
35%
Feb
37%
Jan
Preferred
18
Jan
a
*
Class B.
Canada
Canada
*
16%
Permanent
S S
Lines
Mortgage
100
common
Wire &
Cable
class
Convertible
Canadian Car
Class
Canadian
:
21%
»
_.
—-
________
common.
*
Alcohol
Locomotive
Canadian Malartic
___________
For footnotes see
page 42.
:•
Fraser
Feb
41
Jan
Feb
25%
1,115
20.
>
—
.
class
A
•
*
Feb
23
Feb
24
Jan
8,534
505
145
19%
215
18% Feb
21
Jan
117A
1,690
10%
Feb
13%
Froblsher
16%
495
15%
Jan
17
Jan
20
56%
Feb
63 %
7 5:90
34%
Feb
36%
20
Feb
25%
Jan
Exploration
Co of Canada
Gattneau Power
5%
—
preference
'
16
-
58
36%
22
:
440
•
Jan
18%, Feb
21%
Jan
24%
25%
Jan
Feb
•
*
common
preferred,
5 'A %
General
1
5.45
1
11c
Glenora
1
Globe
Oil
Jan
15%
Jan
Gold
90
Jan
Golden
—
35
88%
Jan
970
11%
Feb
13%
Jan
24%
Feb
30
Jan
75c
Feb
87c
350
3,800
Jan
Eagle Mines
Arrow
Mines
Jan
Jan.
23
Jan
26
20
25
Jan
26
Feb
12c
2,000
10c
Jan
15c
Jan
45
20
45
Feb
53'A
Jan
1.81
2.00
5,565
92
5
18%
1.81
92
20
Jan
60
103
Feb
108
10
110
Jan
111
775
3
Feb
18%
Feb
Jan
Jan
90
Jan
Jan
3'A
15
80
14%
Feb
16%
Jan
104 104'A
90
103%
Jan
106%
Jan
5.25
3%
Jan
5.75
10,477
10'Ac 11'Ac
10c
Jan
14c
Feb
2'Ac
Feb
3'AC
Jan
64c
9,200
1,500
26,300
58c
Jan
78c
Jan
83c
Feb
2'Ac
3c
59 c
58c
76c
74c
5.25
Feb
6.00
Jan
57,750
74c
—1
14c
15c
1,000
12c
Jan
16c
Jan
1
5c
6%c
4,500
4c
Jan
7'Ac
Feb
10c
Jan
14c
Jan
9c
11c
Golden Manltou Mines
1
2.38
2.30
2.59
3,500
60,420
Goldhawk
*
11c
11c
14c
26,000
10c
1
6c
5c
7c
13,000
5c
Mines
2.26
94
19%
11c
Goldora
Feb
Feb
103 105%
1
Porcupine
Jan
21
•
.d
Jan
2,915
1
God's Lake Gold
Goldcrest Gold
11%
Jan
28
Gbld
4%
15
14%
•
Jan
Jan
80c
common
3%
13%
3
Jan
15
75c
*
104%
10
24%
Bakeries
Feb
Feb
Feb
110% 110%
•
Giant Yellowknife Gold Mines
Gillies Lake
110
"
18%
100
380
12'A
21%
2%
4
92
1.8!)
100
Preferred
15
11%
30
45
300
preferred
General Steel Wares
10%
89
177
12c
12c
100
Jan
10%
20
1,600
4%
13%
26
*
__.
2%
4
21
21%
I.*
Gold
Cos
2%
13%
100
Jan
25
•'
77c
,
—
r;
Francoeur
Jan
22%
88%
'
Canada
Jan
14
15
:'
—L.:
11%
•
of
10:
I
*
22%
20'
ly)
"A".
Canadian
201%
Feb
19%
56%
.100
Ford
Gair
34%'
.
—
Industrial
1
* '
16
Class A
Canadian
,
Jan
18%
18%
.25
*
-
20
20
______
12
18%
18%
20
common
Feb
24%
_•
10%
Food Products
23
20
Dredge
Preferred
195
23
.20
Preferred
Canadian
35
24%
23
common
Celanese
196%
26
151
22%
preferred
24.
12
38
10
A
Canadian
199
12
B_—___*
Canadian Canners common
1st preferred
16%
35
50
Canadian Bank of Commerce
Canadian Breweries
310
com.
—;
Class B
197
*
Preferred
Canada
197
17
Mfg & Aircraft
2.04
Jan
Jan
Feb
1.09
2.65
Jan
Feb
16c
Jan
9c
Jan
40
.
(780)
••-'.
CANADIAN
RANGE
Shares
Goodfish Mining
Feb
3Vac
4,500
3c
Feb
Jan
3Vac
108
Feb
101
McLellan
McMarmac
West Saddlery common
Great
49
50
255
49
Feb
52 %
Jan
McWatters Gold
22
100
22
Feb
23
Jan
19 Va
.20
105
19 V2
Feb
20
Feb
15%
17%
4,683
15%
Feb
10
Jan
Midland
Jan
295
40 Va
Jan
505
10%
Feb
12
100
7'A
Feb
100
42 Va
41 Va
41%
10%
'
'
11
f
7V4
7%
10%
"
10%
.
10 Va
Feb
&
Jan
11
Monarch
4%
4%
4 Va
Jan
5
Jan
5V2C
5%c
5%c
5,000
5c
Jan
6c
Halliwell Gold
—,
75c
85c
8,075
67c
Jan
88c
Feb
27c
26c
27c
1,700
24c
Jan
30c
Jan
13%
13
14%
1,700
13
Feb
16
Jan
15
Hamilton Bridge
Moneta
Home
Knitting
6,000
2V2C
Feb
3c
4.50
100
4.25
Jan
5.00
4%
Hosco
Gold
7'A
14 Va
25
14V2
Feb-i
34c
l
♦
14%
33c
Feb
14%
•
66
Jan
34c
36c
2,600
14%
14%
500
20c
22c
4-340
18c
11
IIV4
National
Drug preferred
__5
National
Petroleum
3,000
7c
Jan
8c
Jan
85c
3,000
79c
Jan
95c
Feb
National
5»Ac
6,500
5c
Feb
7c
Jan
National
Steel
12c
14c
Jan
16c
Jan
National
73c
Feb
95c
Jan
15c
18c
46,650
14c
Jan
24 %c
Feb
6 V2C
7%c
19,100
6c
Jan
8c
Jan
New
Calumet
9%C HV2C
3,100
9V2C
Feb
15c
Jan
New
Marlon
18
18%
150
18
Jan
19 'A
Jan
New
10
10
Feb
Feb
12
Jan
New
1,425
6.10
15;895
7c
5.50
10%
5.35
10 %
8 Vac
2,000
5.35
-
6.60
Jan
9c
Feb
*
6c
Jan
New
Nib
30c
24,000
48c
32c
33 %c
44
1,000
Feb
1.05
1.05
44%
46 Va
9
9
10
10
115
.
43 V2
22c
1.000
22c
31 Va
33
485
9
Feb
10'A
20
211/4
class
Ltd
Hunts
Class
*
A
B
*
—
10
25
10
Feb
10
100
Huron & Erie common
...
115
12
111
Jan
115
Jan
161/2
Jan
•
71V2
Jan
•26%
Jan
4
Jan
10
24V2
241/2
24 '/2
10
1
2.45
2.30
-
14 V2C
Jan
24c
Jan
111/2
Jan
16
Jan
-
28'%
Jan
,,12'A
Feb
Feb
Jan
33c
31%
Feb
34
Jan
20
Feb
22%
Jan
24%
Feb
28%
Jan
Jan
2.99
Feb
% 5c,
Jan
6c
Feb
2,400
90 c
Feb
1.15
2.60
47,200
i
5c
5c
51/2C
4,500
1
Mines
■p
95c
90c
1.00
2.15
Feb
27c
24c
28c
16.950
24c
Feb
31c
Jan
1
17c
17c
21c
37,000
17c
Feb
28c
Jan
Rouyn
1
35
31
36
4.950
31c
Feb
46c
Jan
1
6c
5c
6c
5,100
5c
Jan
7%C
Jan
4c
4c
3,000
4c
Jan
6c
Jan
1.20
1.25
1,050
1.20
Feb
1.40
Jan
Gold
Merger
Yellowknife
Nordon
Feb
39c
Feb
22c
1,165
_
Mines
«
Mines
1.20
5
.
*
46
45%
48'/4
3,280
45%
Feb
5i%,:Ja/v
1
13c
121/2 c
14c
10,300
11c«
Feb
24c
Jan
__l
Malartic
17c
19c
1,500
15c
Feb
20c
Jan
1
2c
2c
1,000
2c
Feb
3 %C
1.75
1.91
41,924
8c
9c
6,550
Mines
Corp
Norgold Mines
Jan
'
•
Jan
.
Jan
Jan
Normetal
.
10
25 34
25%
26
785
25%
Feb
27
Jan
Imperial Oil
*
Imperial Tobacco of Canada ordinary_5
14%
14%
15%
11,535
14 V2
Feb U
16%
Jan
13
13 %
3,415
12 y*
Jan
14%
Jan
24%
25 %
370
24%
Jan
25»A
6V1C
9,000 '
5c
Jan
1
8c
1
6c
5c
7c
33.800
5c
Feb
0
47c
45c
47c
1,500
40c
Jan
1
25c
25c
31c
14,000
24c
Jan
3%
3%
1.81
1.95
Mining
,
i
Jan
10c
Jan
8c
10c
Jau
55c
Jan
Jan
5%c
•
Norpick Gold Mines
Feb
1.96
Feb
1.56
1.80
Norseman Mines
•
Jan
*
Norbenite
Feb
48
115'/2
Feb
12
1
Jan
-
27% Feb
300
20 >A
Noranda Mines
Feb
1.05
Jan
6-%
Norzone
Nipissing
Jan
32c
1.05 Feb
1,950
50
46% Jan
Jan
50
45
1.05
12
*
Bidlamaque
Nicholson
Jan
40c
Jan
44
25c
10
27c
12
■
»
A
Car
Mines
Negus
1,610
25c
Pipe
10 'A
13%
280
14
28
Jan
.
7.85- Jan
Feb
3%
425
/.
13%
27%
<■
Trust
82c
4,000
3,400
10c
73c
-
Sewer
:/■
28
20
Hosiery class A
Jan
■
13%
common
Preferred
7 V4C
16c
v
Jan
National Grocers
12c
491"
" 30
1
Mines
Jan
Feb
1
-
66
65
-
;v
3 V
Feb
25
V
Feb
65
•
Feb
Feb
Mylamaque
Jan
7c
'
6V2
Jan
16
7.00 /Feb
•
Feb
Jan
'
50
,
10c
5c
0
''-1,790
6V2
3,000
32c
r' :
•
2%
12c
I6V2
7c
-'2Vr Feb l
-•'1.950V
11c•
7.30
10c
Feb
44
Mining & Smelting
Bay
1
Jan
17%. Jan
,.v
2%
1
Feb
27c
Mining
Hudson
18c/
.
.0.
7.00
150
6%
'
Hoyle
2%7.20
25
10'A
2,000
-Jan
15,5,.* ^ Feb
3%
IOV4C
-10c
7c
.■
25
815
7c
V
•/-..100
3 Va
3,590
Feb
11,000
7.V2C
♦
5,560
7 Va
50
——...
-
Feb -.'it
•
Jan
,29ck Jan
;
Feb
16r
25
15
!
____1
preferred.....
13c
-
-i, 80
15'/2
14 Va'
Brass
80c
-<__1
Mines
Smith
Howey Gold
900
75c
3c.> Jan.
-
Jan
20c
.
Mosher Long Lac
"
Howard
7c
15
.
preferred
10V4C 12 %c
73c
7c
Feb
1
;
com
National
*
Yellowknife....
,.17,200
-»;•-(
High
V;'
6V2
Moore Corp common
Jan
6%
Mines—5
Gold
24c
15
.;
Porcupine
*
1
Oil
Homer
23,4C
•
Grain-
*
*
*
Consolidated
Kollinger
20c
-y-K-.
Feb
21-4C.-Feb
4.500,-.
...
14c
Montreal Locomotive
Jan
10 v*
1
Dauch
&
5V2C
1
Highridge Mining
Highwood Sarcee
Hinde
Jan
2%c
•
.
12c
1
Gold Mines
'LOW
51c
.10,000-
16 >/a
•
_1
Mascot
3c
16
Works
1
Gold
Heva
•
10'/4
1
Mines
Headway Red Lake
Heath
3 V2C
1
Hasaga Gold
Hedley
w
1
—
—
Gold
Harricana
1,000
4.50
^
•
Mines—
Carpets
Gold
Harker
4c
*
—
Gold
Rock
Hard
Harding
4c
4c
'
—1
Hallnor Mines
3c
14c
Oil
Pacific
Tool
Jan
75c
-.1
—1
Swayze
,
*
_____
Brick
Modern
Morrison
Halcrow
20c
Mining Corp
Feb
7'A
1
Gold
Gunnar'
Gypsum, Lime & Alabastlne
1
Gold
3c
58c
Jan
44
*
:
Range Since January I
High
51c
•
Mid-Continent
16 %
1
Guayana Mines
Low
56c
Mercury Mills
1
Wire
Greening
Grull Wihksne..
Red Lake
19%
*
6
*
♦
—
preferred.,
Great West Felt
Share*
1
75
Milton
Coal
West
Great
for Week
1
Gold
22
49%
—
—_
18c
Red Lake
101 101%
101V.
50
Gordon Mackay class B—__—_——0
Grafton & Co class A
"
Great Lakes Paper common
*
Class A preferred
*
Preferred
34.400
McKenzie
Jan
23c
Jan
25Vac
3c
•
Goodyear Tire common
Range
•f Prices
Par
High
Low
High
18c
l&c
1
1
Sale*-,
Week'*
Laat
Sal* Frio*
STOCKS—
Range Since January i
s''
Low
Pur
Mines
IK
for Week
"
Goldvue
FEBRUARY
Friday
Range
of Prices
Last
MARKETS
LISTED
WEEK ENDED
FOR
Sales
Week's
Friday
Sale Price
STOCKS—
Monday, February. <16}: 1948
THE COMMERCIAL & FINANCIAL CHRONICLE
.
Imperial
4%
Bank
25
preferred
Indian
24%
'
.1
Gold
Lake
__
Ingersoll Machine class A...
Inspiration Mining
__
8
*
_1
8
50c
8
2,000
Canada
Inca
North Star Oil common
7C
Feb
Feb
O'Brien
Jan
Okalta
Gold
Bronze
preferred-
International
Coal
Coke.—
Int'I
&
class
Metal
23
1
23
38c
Nickel
International
Petroleum
Co
common
29
29
29%
•
31%
31
32 %
•
12%
12%
13%
1
45c
44c
55c
Jacknife
"
5%c
4%C
39c
Jan
Omnitrans Exploration
Feb
30'%
Jan
Ontario Loan
Feb
34%
Jan
12%
33,905
23
Gold
Waite
......
Feb
15%
Jan
Feb
59c
Feb
7c
Jan
12c
Jason
Mines
Jellico
,
Mines
1
:
...
Joburke
Joliet
Feb
2 Vac
2,000
2'Ac
Jan
14c
15c
23,600
14c
Jan
6c
6c
833
5c
Jan
4c
4c
500
2%c
Jan
14 %c
1
—i
1
<1939.)____
Consolidated
J M
Jan
8c
2%C
1
.1
Mining
Mines
Jacola
4'Ac
2.000
4c
5%c
8
Ltd
1
47c
45c
51c
14,600
41c
1
39c
35c
40c
11,500
35c
•
.
6c
1
Gold
1
Kerr-Addison
Golden
Ktrkland
-Jan
16c
Jan
Pacalta Oils
Jan
Pacific
Jan
Page
Jan
Pamour Porcupine Mines
Feb
Pandora
Jan
Paramaque
Cadillac
26'/a
Jan
Feb
33c
Jan
: 78c
Jan
5,400
25c
Feb
50c
' Jan
13'A
Feb
15
Jan
22c
Jan*
Piccadilly
50c
Feb
Pickle Crow Gold Mines
13%
4.470
16c 18 %c
49,275
16c
Jan
50c
2,700
50c
Feb
1.30
:1.64
25,540
15c
17c
6,500
.
6 %c
6%c
6 600
78c i.Feb,
„
,
Jan
Feb
A; 17c
Feb
1,15 Jan
95c
29%
95c
28
1.34
'
•
6c
—
1.43
6c
2.500
8c
Jan
•"
Jan
Feb'
1.31
Jan
1.21
32% Jan
r
1.55
Jan
Jan
7%c Jan
5c
:, • •
Jan
6c
Feb
oC
Feb
3'Ac
1,000
2%C
Feb
•10c
95c:
-.4,200
3%c
70c
Jan
28
.845
10,350
6c
Jan
6c
.
A. 3,800
,»-Vi
3%c
5%c
•
96c
31%
53 %
Feb
5c
Jan
.
Jan
Jan
13 Vj
6%C
1
22c
13 V.
Jan,.
..
i;.'Feb
10 %c
Jan
11c
JQO.IOO
.1
57c
25c
99,700
70c
1
Mines
80
26c
1.00
•
•
Ltd
Malartic
500
1
78c
56 VaC
1
Petroleum
Hershey Tubes
36.600
30c
88c
56 %C
121
10%
7%c
-
6,500 4".
:•
A
'
25
17c
Jan
Jan
15c
.
7%- Jan
..
500
■/;,
•
1
7c
8c
Jan
585
1
Mines
Mines
69c
X
Gate
Jan
1.35
Feb
120
15
"
vi
10c
17c
48,500
;
*
Lake
Osulake
58c
•
10c
14c
'
Lake
Red
52c
/
14c
Orenada
69c
1
1
Gold
Feb
10c
120
22c 26 %c
25
10c
%c
11
8%
69c
25
Feb
120
24c
„—*
....
13%c
7%
i
—
Gold
Kelwren
Keiio Hill
1,000
120
4c
Feb
24%
3,000
13V2C 131/2 c
7%
*
Kelvinator
Kenville
7c
6c
6c
1
2.20
70c
Jan
Jan
1
;_
15c
/"•,/
Jan
Mining
59c
92c
*
Parbec
Kayrand
10,000
19,600
50
Orlac
Feb'
6c
Jan
Mines
Mines
Quebec
Jan
Jan
2,000
Vac
8c
60c
1.20
Orange Crush
Osisko
Jack
4%
Feb
Feb
Feb
44C
3,025
International Uranium
59c
1.05
Jan
32c
Feb
60c
1.12
*
31
5,925
1.81
15.397
,
Feb
•
Malartic
29
230
1.83
1
3%
•
:
37c
1,700
•
A
International
Mines
Oils
23
100
37c
25 ;.
*
:
Ogama-Rockland —
Jan
51c
.
O'Lcary
International
Mines
Gold
8%
Jan
45C
60
45c
__
Northern
North
2c
500
1
2%c
2 %c
Paymaster Cons Mines.
1
39c
39c
42c
5,800
Pen-Rey Gold Mines..
1
16c
14c
18c
76,100
82c
82c
750
27
27
Partanen
Malartic
__1
Perron Gold
Photo
—
*
1
Engravers
Porcupine
'"••
"-<10
12c
15c
2.25
Feb
14c
Feb
76c
25
'
Jan
Jan
20C
Feb
88c,
-v
,
Jan
.
'' Jan
lie
4,605
3c
46c.
Feb
Jan
390
:
11
39,000
2.00
/r
,
Feb
27
;
I6V2C
Jan
.
Feb
2.30
Jan
'
Lake
Kirlcland
Townsite
0
Mining & Exploration
Laguerre Gold Mines
Dufault
24
24
24%
600
1
1
....
Labrador
Lake
15c
1
...
(John) Ltd
Labatt
1.58
1
Kirkland
50c
5Cc
Kirkland-Hudson
5.80
5<40
6.65
21,695
4%c
5 Vac
9,500
43c 47 %c
5,900
1
Mines
—
Lake Rowan
Lake
Lake
Wasa
La
Pioneer
3.25
3.40
620
3.25
Jan
Jan
Porcupine
Peninsular
1
19c
19c
22c
W 3,100
I6V2C
Jan
'25c
Jan
25
Jan
Porcupine
Reef Gold
1
47c
45c
48c
'.6,000
45c
Jan
•56c
Jan
•
37'A
1.78
Jan
Feb
7.75
4'Ac
Jan
6Vic Jan
Powell
41c
Jan
58c
Jan
Powell
5.40
2%c
4%c
Jan
Jan
3,500
10c
Jan
15c
Gold
1
River
_—
37
1
♦
73c
—100
Rouyn Gold
66
.
Corp
Premier Trust
Jan
13 Va
2,360
12'A
Jan
13%
11
39
•V
73c
66
37
-
•
"'•-•
120
41%
Jan
•
Jan
15
0
48 %c
56c
4,450
70c
2.81
2.95
400
2.80
Jan
3.00
6.35
450
6.25
Jan
6.75
18 V2
18%
150
18
Feb
6.25
——
'.J'-'yJi-J.
'■
<-
6c
7 Vic
•
6 Tic
2.500
7%c
w ■;
7%c
Mines
Jan
66%
8%c
28,200
7c
8c
109,800
48%c Feb
6c
Feb
5c
76c
Feb
6%c
20
Jan
Feb
12%
Feb
Jan
11
455
1.80
1.99
"4,950
1.80
Jan
2.10
Jan
13%
13%
281
13%
Feb
14%
Jan
6c
5,000
5'Ac
Jan
6%c Jan
9%
9%
75
9%
Feb
10%
Jan
51%
51%
30
51
Jan
52
Jan
42c
Pressed
Metals
Jan
Preston
East
Jan
Jan
Proprietary Mines
Purdy Mica Mines
Jan
Puritv
:
Jan
11c
44c
2,000
40c
Jan
45c
10%
*
1
;
Mills
Jan
6c
—10
common
40
Preferred
Jan
1.85
1
i
....
51%
6c
Jan
8c
:
Dome
Flour
10 Va
1
;
Quebec Gold
Feb
Quebec Manitou
Secord
14
Leitch
Oil
Gold
17%
3 'Ac
Jan
70c
7,200
61c
Jan
78c
1.20
7.600
14
1.15
Feb
1.25
Jan
71c
70c
,78c
6,800
70c
Jan
89c
Feb
Queenston Gold Mines
Quemont Mining
4'Ac Jan
76c
70c
83c
9,318
70c
Feb
90c
Feb
13'A
12
13 %
14,090
12
Feb
15%
Jan
3,000
Feb
14c
Jan
41c
Jan
59c
Feb
-.1
Macdonald
Reeves
•••
Long Lac Gold Mines Ltd.
Lobiaw Groceterias class A
Class
A
8c
515
27%
Feb
31
Jan
Reno
185
2 6'A
Feb
29
Jan
Richmac
6
6
12%
13
50
1.25
1.35
19.050
1
Gold
10 c
4
6
5
.
10c 10 %c
•
6
12%
1.23
Feb
;"
6
13%
Gold
1.56
Jan
Robertson
.
1,500
15c
Jan
17c
Feb
Red
-.1
Lake
MacLeod-Cocksnutt
Gold
Mines..
Jan
11c
Feb
Class
2.60
MacMillan Export class A^;.___„-_
Class
2.70
6,600
Jan
3.00
B
43,200
85c
Jan
1.95
Jan
10c
10c
8 000
10c
Jan
1.29
1.40
12,510
*
938
5%
;
Red
Madsen
Lake
Gold
Mines.
&
1.25
Jan
9%
1,020
9
Feb
6%
2,967
5%
5%.-
12c Jan
i
Maple
Milling
Maralgo
,
,
12
Mines
Marcus
2.75
v
12%
Royal
.
Jan
Roybar
Jan
Rupununi
500
775
2c
12
Jan
Feb
Jan
3c
A." 14'A
Sand
Feb
5c
Jan
Bannorm
18c
Jan
31c
Jan
Sarnia
Jan
6c
Jan
Scarfe
class
16%
Feb
18%
Jan
25
Feb
28'A
Jan
100
18
Feb
18'A
Feb
6c
■•airir/
see page
42.
•
■i
t''"'"
t :
20
5C
.
v
9c
9,955
4#-'
93
■
"93
5
59
J
59%
435
CJ-' ll
Mines
*
AU?2t'
■
•
Jan
13c
—
Feb
23c
-Feb
115
30
Jan
44
10
44
Feb
-■..
33
'
8'A
70
125
33c
8
11,100
10c
Jan
16.500
27C
9
Feb
28V.C
24%
24%
16%
15c
Feb
Jan^'-i
25%,
1.0 ;
8V2C'Jan
.
.
,
"
7c
5,500
5c
Jan
15c
14c
18c
29,000
13c
Feb
13V2
13
13%
2,315
13
Feb
6V2C
11 %
1
1
12c
12
485
11'A
4.05
5,535
3.80
Feb
9c
2,000
7c
Feb
11 Vic
12c
10.500
11c
Jan
14
Feb
15%
Feb
14
14
14
25
15%
15%
100
Feb
9%
Jan
Feb
13%
60c
Jan
Shea's
93
Feb
98
Jan
56%
Jan
59%
Feb
Sheep Creek Gold
Sherritt-Gordon Gold Mines
-•.
ii.j. il
16'A
Jan,
4.25
.
Jan
1
f
1
*
57c
201/2
,v
55c
63c
43,300
20%
21'A
698
46
46
45
15c
15c
1.000
_*
10
10
50
'
,J12cn Jtfn;
•X7crs,J.a.a5m-
..
.
.
,14
..
16 'A
Feb-,if^
:Jah"^
--2:m
66c-
AJailMw
50c
Jan
20%
Feb
22
Jan
46
Jan
47
Jan
14c
Jan
20c
Jan
10
Feb
Jan
Feb
.
r.
1
'
.
"
15%
.<
Jan
23c
,;•'. 14 'A i Jan!,:;/
Jan
3.80
8c
3.80
100
Shawinigan. Water & Power
Preferred
Febi.rf
4Sc'!
Feb
16
245
"
Rouyn Ltd
Senator
-
V Jan"rt 4
'■"'&anr—r
16%: Jan V-»
Jan
24%
1,860
16
'
A-
-
.A tf ; Vi&tVi'
UJan -
45
Jan
15'A
16
»
*
A..,
■
*Jaii
17c
24%
1
Ltd
Bridge
5c
575
*
common
Mines
4%c
1,120
•
common
Gold
2,500
3.285
59%
10
*
1
1
Gold..
2,500
8%
Sic
•
Rivet
;"■*> 6.000
10%
14V2C
—1
Antonio
Feb
11c
-V
Mines
Industries
6c
10
Jan
Jan
8'A
500
15c
——
Chibougamau
5c
27
s>
>
i
Oil
20c
8%
9c
2.50
Feb
4,900
15%
8
—
.1.
St Lawrence Corp
San
17%
.
Porcupine Mines.....
.
Jan
18'A
--«■•
Jan
Feb
..
Jan
25
10Va
8
Jan
1.95
16%
''
Rights
fo'otnotes
'
3.15
18
com...
common
Bank
10 Vb
16%
class A
new
t
i.
2.30
125
30%
30
44
;
Royalite
25'/a
.20
Preferred
For
2 VaC
4%c
5c
preferred........
McColl-Frontenac
Mclntyre
Feb
6c v V
Preferred
McCabe Grain
Feb
1.67
18C
Massey-Harris common
(Lt
2.75
21,750
-T2
.
Martin-McNeely
McBrine
9,050
1.80
2%c
■
Gold
.
2.85
1.67
2.85
1.78
6%c
200
—
Gold
Jan
1.50
15,500
27c
24c
d
A
Oils Co
7%
,
Feb
9
:
.
Eastern
Leaf
Manitoba
class
Mfg common
A
Roxana
Russell
Malartic Gold Fields
Silk
Jan
1.11
1.30
•'•-•
-.1
8c
12c
1
(1936)
Little
Robinson
7'Ac
Rocliette
Macfie
Jan
-
94c
.
Feb
1.32
.
Riverside
Jan
Jan
2.. 60
2.65
„1
MacDonald Mines
9%
Feb
Feb
Feb
98c
..1
Mines
Macassa
Feb
1.02
-
_________—"___73c
Gold
2,000
15c 15V4C
■
.
Yellowknife
Textiles class A___——*.
27%
1.28
Goldfields—
9%
200
2.35
7%c
2.30
Renfrew
Jan
Jan
29'A
12%
;
...
Lunward
Lynx
-
Hosiery com
Class
Louvicourt
1.16
26 V4
•
-
11,625
1.26
Gold
Mines
Regcourt
27%
27%
B
London
1.17
1.20
Little
50c
225
8'A
1
1
Renabie
41c
45c
Lingman Lake Gold Mines
9%
1.30
9%
Quinfe Milk class A__.
Jan
10c
25,700
10c 10 %c
Gold
Lexindin
Feb
3,000
64c
•
1.16
285
3'Ac
1.15
64c
:
Mines, Ltd
15%
3%C
14
Candy
Lebel Oro Mines
Leduc-West
v
,
Jan
88c
Feb
66
85
Feb
11
500
Feb
70c
1,365
•
12%
3.50
Jan
2.95
Lapaska Mines
Laura
,
Jari
Jan
19c
Jan
Feb
13
Mining
Gold
"U"
..
Jan
1.30
15c
13
Mines
Lang & Sons
Lapa Cadillac
Larder
Feb
15c
12c
Mines
Luz
Lamaque
2.00
'
(1945)..
Shore
1.000
3c
3c
Gold...
Fortune
2,15
24
Power
Lake
1
8%
10
5c
Shawkey
Mines
Wpg
Brewery
"A"
-
10% .Jan^,-
*
50c
1.05
1.00
1.05
3,000
1.00
Jan
1
2.20
2.09
2.40
116,614
2.09
Feb
1.15' Jaii
3.15 Jan
i.i-jv
." '
Volume-167 Number 4073,.
&
THE COMMERCIAL
■
LISTED
CANADIAN
RANGE FOR
Friday
Rang*
of Prices
Loto
Par
Sicks'
Breweries
•
—•
common
Silanco M & S
Co Ltd
1
—I
Dairies
Bihrerivood
"
A
:J
'
Class B
i. Slscoe
Gold
Bladen
-
(N)
South am
Jan
70c
44c
19,600
Jan
36c
48c
Jan
12%
Jan
Westeel
27
:
Jan
Western
Grocers
20
20%
455
19%
Feb
22'%
Jan
99%
25
98%
Feb
101 %
Jan
35c
Feb
47c
Jan
28c
Class
{Geo)
Weston'
28c
33c
Feb
39c
Jan
Preferred
25%
27'%
35
25%
Feb
28
Jan
New
*
17%
18
375
17%
Feb
19
1.36
1.35
1.42
9,600
1.35
Feb
Mines
50c
50c
55c
1,526
47c
Feb
6
6%
910
0
Feb
95
95
5
95
Feb
30c
1
*
(19^4)_
Standard Chemical common
6%
*
'
—.—100
Preferred
.
Preferred
12,470
1.50
Steel
j'~
>
Co
66
5'%
68 %c
70c
1,800
68c
Jan
67
69
405
67
F*b
73%
105
72
Feb
—-i-25
.—;
Steep'Ttock * Iron Mines
——1
72
72
2.00
2.10
2.00
12C
14c
13,000
Jan
19 %c
Jan
28%
350
26%
Feb
29'%
Jan
21%
30
21'A
Feb
25
Jan
Jan
31
10c
31
75
31
Feb
33%
33'%
34%
180
33%
Feb
36
Jan
23%
24'%
650
23%
Feb
28
Jan
;
100
preference
100
100
100
15
100
—
—
4 % r/o
Wlltsey-Caghlan
Jan
—
99'%
100
110
Mines
1
Larder
10
112'%
Feb
.65
18%
Inlet
2,500
1.57
1.55
1.80
7,120
10C
10c 14 %c
4,200
1
,
19c
50c
Mines
19c
1.71
Tamblyn
Gold
York' Knitting
Feb
19c
3,000
7c
Jan
10c
8C
7,000
7c
Feb
lie
Jan
Va
22%
11,507
20'A
Feb
25%
Jan
96
Feb
98
Jan
20
96
96
-
'
—
96
2.65
•
2.65
650
31
9,100
19c
Jan
40C
Feb
7'Ac
6,000
7c
Feb
9c
Jan
4%
90
3%
Jan
4%
Jan
28
25
'
7c
—
—*
.
4
■—
Va
15
2.61
1.99
1.66
1.80
4,925
1.66
Feb
55c
55c
500
50 %c
Jan
61c
Jan
Week's
Friday
27
195
25'A
Jan
27'A
Feb
49%
49%
15
51%
Jan
49%
Feb
4%
4%
50
4%
Feb
5'A
3.25
14,680
3.05
Feb
3.50
Jan
1.35
420
1.35
Feb
1.35
Feb
British
40o
40c
43c
15.600
40c
Feb
49c
Feb
10c
1—1
9%c
11c
93,200
9%c
Feb
21c
-
18%
Feb
68c
68c
75c
5,225
68c
Feb
80c
Jan
Canada
&
9c
9c
11c
3,100
90
Feb
12'%c
Jan
Canada
Vinegars
12%
19
18%
Jan
10
Feb
12
12
1,270
——100
172
172
172
35
172
Jan
*
10%
10%
10%
100
10
Jan
106
106
106
5
105%
Jan
O'/bC
9%c
9%C
500
9%c
Feb
12c
Jan
42'A
42%
42'A
Feb
45
47C
Feb
63C
Feb
—
.
1
*
—-50
;_i:—:-:_l
1—
.
__
Traders Finance class A—1—.
v
;
9
'Transcontinental
■
". -f
;•
1
Resources
7^ Y-:'
48C
Mining
United
Class
B
class
United
A
.
-
Dominion
}f
8%c
16
Jan
Canadian
Westinghouse
Jan
Coast
10
Jan
Consolidated
12c
iI
FOREIGN
v
16
629
15%
Feb
500
11
Feb
21
21%
250
21
1.50
1.50
200
24
25'A
65
3%
2,940
■
Jan
—
21'%
1
«
'
'
'
-
..
■
88%
Copper-
Dominion
82
315
3
3'/b
3 Va
41
42
5
1.00
•1.00
1.10
Jan
108
Jan
18%
Jan
12%
Jan
24%
,
Feb
1.50
Feb
6'%
Feb
•
Jan
Feb
1.90
Jan
Feb
28%
Jan
Feb
24
1,100
16%
15%
.
-
_
*
Paper
3 '/b
3%
41
Yv:V-':>65vA
Jan
Feb
./
Jan
45
1.00
Feb
1.25
Jan
16%
5,570
15%
Feb
19%
Jan
45c
2,810
40c
Feb
60c
Jan
27
29
320
27
Feb
32
Jan
21.
20'A
21
2,640
20'A
Feb
23%
Jan
*
3.55
3.40
3.85
3,275
4.10
Jan
*
49%
49
52%
59%
Jan
*
Bridge
Donnacona
380
14
Feb
16
Jan
•
Paper
__
-
1,000
.
9C
Jan
15c
Jan
International
2,925
10c
,6%
Oil
Foothills
3.0Ci
'
5%
Feb
.7;%
Jan
Langley's Ltd preferred.
Minnesota & Ontario Paper
6.50
6.80
2,690
2.01
4,390
9%
22c
5.15
4,414
24%
26%
5,525
2.35
7.20
Feb
9'%
500
4.75
Feb
6.50
.
275
22c
25%
Feb
40c
15'%
2.10
(
3%
Feb
22C
Paper common-
3,845
49
Feb
49
49
5
49
Feb
49
Feb
20
21%
1,495
20
Feb
23%
Jan
2.30
2.50
100
20%
Jan
Pend
Feb
Oreille
2,000
2.30
Feb
24
28
65
23%
Jan
28
Feb
39c
39c
120
37c
Jan
40c
Jan
6'%c
7c
5,500
6'%c
Feb
8c
Jan
95c
1.00
2,000
95c
Feb
1.00
Feb
—
0
Grain
Feb
Reliance
Jan
9%
Jan
Southmount Investment
Feb
35c
4.60
Jan
5.30
Jan
Temiskaming
24%
Feb
26%
Feb
26
*
Yukon Consolidated
1 a'
Mining
V
1
—
2.90
Jan
42.
y
EXCHANGE
5,018
Jan
19
Feb
Feb
Statement of Condition of the 12 Federal
record for the week just passed:
-?,
4
11%
Western Lumber—
;
daily
Pursuant to the requirements of'Section 522 of th6 Tariff Act of 1930, the Federal Eeserve Bank certifies
a
3%
82
__
common
to thie Secretary of the Treasury the buying rate for cable transfers in the different countries of the world.
give below
160
11
yy:
Foreign Exchange Rales
[f
Feb
Jan
2.01
4.80
For footnotes see page
160
Feb
48%
9'%
W)
10
15'%
•
Canadian
106
Jan
2.08
-v:::irr.
&
160
16
__
Vickers
47'
6.50
(G
Feb
160
*
Marconi
Jan
185
5%
—
(Hiram)
Jan
88
,
82
•
_
Canadian
10%
48%
10c
Amulet
Walker
535
14
6
-Vulcan-Oils
Waite
2,000
47%
—
Ltd
Ventures.
26%
Feb
.
3%
Sugar
—
Canadian Industries common
Jan
174
J,.
Steel
'Viceroy~Mfg
Jan
Jan
72
v..
-25
Upper Canada Mines——
8
3,975
9C
17%
8
.50
preferred.
preferred—+*
United 'Oils
8%
16
16
;
Fuel
9,700
9c
—.
Corp class B.
Oniled
40
54c
47C
8
Onion Gas CoUnion
'
10
25
350
—
Jan
Mortgage
Towagmao .Exploration
Jan
50
80
100
Preferred
19
1
—1—A— —_*
Toronto
9
25 Va
i
common
Gold
0
45
Co
Canadian
:
9
*
Pulp & Paper com
ion
Tombill 'Gold
Works class A
8
High
Jan
Brown
—*
Low
100
72
__
Columbia
Preferred
t
Toronto Iron
Range Since January 1
High
25
-
Asbestos Corp
1.35
Low
*
National
Andian
3.10
3.15
*
Y Toronto Elevators
; Toronto General Trusts
Shares
Par
i'c
5
Tip Top Tailors—--.
for Week
of Prices
Jan
Thompson-Landmark Gold Mines
Tobum
Jan
Sales
Range
Sale Price
STOCKS—
25%
1
;
2.90
Canadian Funds
Jan
Teck^Hughes 'Gold Mines——
Texas, Canadian Oil—
Mines
Jan
Exchange-Curb Section
Jan
''
Thurbois
Jan
8c
7c
22 •
Toronto Stock
Jan
*
Taylor Pearson common
Feb
7c
--
*
class B
Feb
Feb
2.05
*
common.
12c
Jan
18%
50
Ltd
Preferred
Feb
7c
.
Last
River
Taku
Feb
£c
Jan
21.000
100
Ymir Yankee Girl
Jan
*
Sylvanite Gold Mines
lOO'A
Jan
Feb
1.55
12c
Preferred
Jan
20c
.
101%
9 %C
Yellowrex Mines
Jan
114
•
1
Wright-IIargreaves
Feb
2.40
Feb
19c
Jan
Feb
8c
•
Jan
80
,
99
99%
'9c
1
78
Feb
19c
—1
1
Winchester
Wingait Gold
77c
,
Feb
18'%
18%.
*
Feb
11,,500
2.15
112% 112'%
--lOO
1
J8
21
70c
Cons
Jan
Jan
6'A
Feb
67%
Sterling Trusts
Oil preferred
Sturgeon River Gold
Surf
515
19'%
common——-—*
Stuart
Sullivan
5%
18
Gold
Preferred
Jan
14%
23%
Jart
7%
Canada
of
11%
Feb
26%
31
——
Jan
68c
97
—*
1
——:
—i
Olsen
Starratt
5%
5%
*
Standard Paving common—.——:
.1.
Jan
13
Jan
•
com
11
100
33$;
————_«-,*"
Winnipeg Electric common
Stadacona
High
200
13
21 'A
t
-20
Springer Sturgeon
'
13c
26%
9
100'
A—
__
:
Low
ii
13
*
common
Preferred
•
6,756"
Range Since January I
High
ii:
1
—
Products
Feb
_1
common..—..:.
Co';
__
11%
25
40c
Low
—*
Wekusko Consol
Jan
100
655
40c
Shares
♦
—
Class A'——.—
11%
-
:Y A._
for Week
Jan
49c
*
99%
20
f
Jan
Feb
com
26'A
1
—
Mhlartic Mines-.—™
Slater Co
''
—100
--
14%
13%
Ltd
Waterous
25
25%
*
—
■y,■ 'Preferred
Jan
135
19.950
Range
of Prices
Par
High
Y'T5%
Feb
11 %
11%;
•
class
Simpson's Ltd class A
36c
38c
Silver, MillerMines—•
1
Low
12%
68c
51 %c
51 %C
Sale*
t
Lut
215
13%
Week's
Friday
Sale Price
STOCKS—
Range Since January 1
Shares
14
13%
MARKETS
FEBRUARY 13
for Week
High
12%
12%
V T
WEEK ENDED
41'
(781)
Sales
Week's
Last
Sal* Price
STOCKS—
FINANCIAL CHRONICLE
%
,/
<
RATES
(
--
CERTIFIED
r1
*
^
^
*
1
1
FEDERAL
BY
,r
BANK
TO
1
TREASURY
UNDER
;.:-,y
TARIFF
Feb.
OF
Assets—
1930
Gold
FEBRUARY
;
6,
1948 TO FEBRUARY
12,
1948,
11,
INCLUSIVE
Redemption
for
F.
21,008,170
17,779,175.
690,331
691,631
21,698,501
21,699,801
18,573,301
352,218
371,553
332,3621
577,780
240,111
2,760
1,989
637
9,468,444
9,594,421
15,764,9191
4,346,333
4,287,083
6,929,284
794,12®
'
Country
and
Monetary
Buying Rate for Cable Transfers in New York
•>'
United States Money
Value in
Unit
Total
gold
Other cash
Feb. 6
•Argentina,pe^o—;
:
Official
—
Feb. 7
Feb. 9
$
$
$
,^Priee-».^~
.251247*
.2512479
-
Closed
3.212133
Australia, pound
3.212133
Feb. 11
Feb.12
U.
—
Govt,
S.
securities:
i
392,96®
Bills
Certificates.
.251247*
.251247*
reserves
Discounts and advances——,
Industrial loans
.297733*
.297733*
ctf.
-
$
$
.297733*
.2977331"
-
1
Feb. 10
"
$
R.
notes
Noon
3.212133
-
—
-
Lincoln's
Birthday
Notes—-
.022792
.022795
.022804
.022776
Brazil, cruzeiro
.054406
.054406
.054406
1,594,500
1,563,500
355,300
Bonds
3.212133
Belgian, franc--.—
■
.
12,
1947
$
21,008,170
fund
Feb.
1948
$
certificates
y
Feb. 4,
v
1948
1
ACT
)
-
(In thousands of dollars)
,
t
RESERVE
Reserve Banks Combined '
We
5,407,978
5,077,789
securities.
20,817,255
20,522,793
753,390
23,802,893
securities-
21,397,795
20,764,893
24,196,496
.054406
'
Total U. S. Govt,
Total
Due
Canada,dollar—
1.000000
1.000000
■;? Official-——
'.;Free-—-—.———
1.000000
1.000000
.895312
.896484
.897500
.570100*
.570100*
.570100*
Czechoslovakia, koriina
.020060
.020060
.020060
Bank
.570100*
.020060
—
and
foreign
notes
Uncollected
.890000*
Colombia, peso—
loans
from
F. R.
of
banks—
95
banks—
Items
Total
137,245
127,057
2,636,630
2,399,812
32,917
32,316
32,919
premises
Other assets
95
128,568
2,566,925
other
140,050
102
-
assets
133,276
44,957
46,317,071
—
45,776,410
45,706,403
,
*
England, pound sterling——
•
4.031250
.208604
.208604
.208604
4.031406
.208604
Denmark, krone
4.031328
4.031250
Liabilities—
Federal Reserve notes
'France, franc—
44
» 4
.(:.|, Official--^-—-----------{ Free--—---—,—:-:
.004671*
-
,
44
.003259*
.003261*
*.
1
'
'
'
.301678
.301678
.205753
.205753
.205753
15,993,805
1,186.605
616,091
1,710,853
442,069
505,653
525,842
502,260
468,503
411,681
19,168,295
18.674,554
18,642,181
2,233,048
2,226,216
1,958,599
14,559
14,818
11,882
45,600,250
45,063,673
45,017,886
.205753
.377219
pesb_-i--———
Netherlands, guilder-:-•
.301678
.301678
India (British), rupee—
'
24,405,224
17.084,307
acct.
U. S. Treasurer—gen.
Foreign
Other—
"
■
24,148,085
17,037,361
.377197
.377108
.377386
•
Total
deposits
Deferred availability items
Other liab., incl. accrued divs.
•"
'
bank—reserve
Member
.004671*
:
.Mexico,
24,184,348
acct.
Deposits:
Newfoundland, dollar—
Official—
:
1.000000
*
•
':
v.'/.y
1.000000
1.000000
Total
1.000000
liabilities
'
i."'
.893958
.895000
.887291
3.225000
3.225000
3.225000
Lincoln's
Norway, krone
.201595
.201595
.201595
.201595
Birthday
Portugal, escudo
.039800
-.039790
.039778
.039754
Spain, peseta
.091324
.091324
.091324
.091324
Sweden, krona—
.278264
.278264
.278264
.278257
Free--
New
-
.892916
.
Zealand, pound
—
Switzerland, franc—
Union of South Africa, pound.
,
3.225000
Closed
Capital Accounts—
Capital paid in_
Surplus (Section 7)
Surplus (Section 13b)
Other
.233628
.233628
.233628
4.007500
4.007500
4.007500
197,010
189,042
448,189
439,823
27,543
27,543
27,455
capital accounts.
43,930
39,995
32,197
46,317,071
45,776,410
45,706,403
Total liabilities & cap. accts.
.233628
4.007500
197,159
448,189
__
Ratio
of
gold
liability on
purchased for foreign
respondents
Contingent
Uruguay, peso—
.658300*
■a": Noncontrolled-
.658300*
.658300*
.658300*
.561800*
ll Controlled
.561800*
.561800*
.561800*
Commitments
trial loans
*Nominal
rate.
certificate
**Temporarily, omitted.
re¬
serves, to deposit and F. R.
note liabilities combined—
to
make
...
50.7%
50.17*
43.1 %
bills
cor¬
4.011
4,049
7,063
iwJ'P1°
8,162
indus¬
-
7,194
•
•yf"
42
THE
(782)
COMMekCIAL
&
FINANCIAL
CHRONICL!
Monday, February 16, 1948
OVER-THE-COUNTER SECURITIES
Quotations for Friday, February IS
Investing Companies
Mutual
Par
Funds—
Obligations Of Government Agencies
1
Ask
Bid
Vr
P*r
Loomis Sayles Mutual Fund
Loomls Sayles Second Fund
_•
87.30
89.08
10
41.61
42.46
3.40
3.75
3.49
J:\ ;.%
l':
Affiliated
Amerex
1
4.77
5.24
1%
3.50
3.83
Securities
Aeronautical
Fund
Inc
Holding
10
Corp
3.85
Funds—
Automobile
shares
Business
series A
8%
Drug
6,72
7.26
13.87
15.08
shares
Industries
Blair
1
Corp—:
Co
&
Boston Fund
Non-Ferrous
3%
Inc
_
_.5
—
_
17.62
Petroleum
19.05
10O
7.55
7.56
Co
Ino—5
14.76
1
15.75
17.26
Inv Fund Ltd
1
3.60
4.75
•
—1
27.58
29.66
12.30
Steel
15-96
13.31
Invest
Street
Bullock Fund Ltd
Century Shares Trust
Chemical Fund
Securities
Christiana
com—100 2,750
Preferred
.100
1
Fund
Delaware
Shares
Dividend
;
& Howard
\
1
13.96
15.09
1.32
,,
1.45
Bond
11.08
12.53
1
7.19
6.36
Ipt. Rate
15, 1948—
1, 1948
;
tSept.
tOct..
tJan.
100.5
100.9
119%
121
Issues
1961
Price
Ask
Maturity—
1%%
100.2634
.2807
1%
1949—^
1,
Bid
99.9725
.9911
t%s
July
1,
1948 Series F__.
99.9591
.9702
100.0107"
.0280
t%s July
1,
1948 Series G
99.9593
.9705
1,
1948 Series H
99.9596
.9708
—1%%
Certificates
6.99
6.87
7.53
4.25
3.01
13.93
14.89
Industrial
5.53
6.16
23.30
Selected Group Series
3.26
3.26
Ask
tls Oct
Bid
1, 1948 Seris J
Ask
.9914
99.9728
100.0018
.0064
1948 Series K
tl%s Jan. 1, 1949
100.0059
.0158
11 %s
99.9737
.9853
99.9733
.9919
100.0116
.0289
100.0137
.0327
1,
Feb.
1949
1,
3.69
13.64
Bid
Indebtedness—
3.64
Low Priced Com Stock Series-
Indebtedness—
t%s Mar. 1, 1948
t%s Apr. 1, 1948
t%s June 1, 1948-
5.31
21.55
of
of
July
tls Oct.
Certificates
3.36
4.77
Series
t%s
4.70
-—
Stock Series
14.63
Corp
10'
1.72
1.88
25
27
'
5
4.82
Investors Inc
2
12.18
13.35
Fundamental
Trust
Stock
Series
New England Fund
1
5.36
Fundamental
General
York
New
Stocks Inc—
A__2
5.28
6.11
Agriculture
Carp-*,.*..—.*
Capital
39.12
42.06
Automobile
1
4.83
5.13
shares
General Investors Trust
Aviation
9.00
n
■
—.
7.87
8.62
10.14
5.60
6.08
5.02
5.45
Diversified Investment Fund
7.35
7.97
Diversified
5.74
shares
Aviation shares
6.23
_
Y- Building shares____
Chemical
shares———
Electrical
Equipment
—
9.09
shares
_
Corporate bond series
10.48
9.85
—
5.24
Insurance
T.51
8.04
7.20
Metals.
9.77
Oils:-—
stock-—
———
6.92
Industrial Machinery shares-
6.64
Institutional bond shares
9.31
Investing
6.42
6.97
Pacific Coast Invest Fund
—
shares
Price
Low
7.41
shares
General bond
Merchandise
RR
V
Putnam
4.25
Republic
7-
1-48
bl.45
1.30%
11-
1-48
8-
2-48
bl.50
1.35%
1-47
4-
1-48
bl.30
1.15%
.1.25%
12-
1
9-
1-48
bl .55
1.40%
1-47.
5-
1-48
bl.35
1.20%
1.35%
1-
2-48
10-
1-48
bl.,60
1.45%
2-47
6-
1-48
bl.40
1.25%
1.55%
2-
2-48
11-
1-48
bl.65
1.50%
7-
1.15%
*8-
1.15%
9-
——————
9.69
10.62
■
1
,,,,I-■■
'
—
4.30
4.68
Russell Berg Fund
Howe Plan Fund Inc.——...
4.19
4.52
13.95
15.00
2.39
2.62
April
1, 1948
0.89%
April'
8,
b0.96
0.90%
April
b0.96
0.90%
April 22
b0.96
0.90%
April
b0.97
1948
1948
March
.
11, 1948
March
18, 1948
March 25, 1948
0.91%
May
6.
13,
Scudder, Stevens & Clark
Utility
shades...—
10c
1.51
1.55
5
Foundation Fund
Income
19.50
21.08
Fund
Incorporated Investors.
Inc
Selected
Amer
Sovereign
Bank
Group
Insurance
Stock
Bond
1.00
91c
shares
Group
and
82c
74c
shares
Group
8.80
8.03
shares
Group shares
11.90
23.31
Invest Management Fund Inc..1
Keystone Custodian Funds—
B-l
(Investment
Bonds)—1
(Medium
Grade
9.84
1
5.80
12.02
12.30
Series
Union
Bds)„1
10c
Industry Shares
25c
C—
.
Union
Stock
28.42
23.22
25.33
6.65
7.2T
1
18.70
20.44
l
8.71
8.88
Fund
1
16.06
17.53
Whitehall
1
14.47
15.56
1
7.02
7.69
1
15.80
17.24
Bonds)
1
8.90
3.71
Stocks)—1
15.96
17.42
(Appreciation pfd Stks)_l
18-.79
20.50
Diversified
Stks)_l
Stocks)__1
24.08
26.27
Series
12.47
13.61
Independence Trust Shares
8-3 (Appreciation com Stks)_l
10.82
11.81
North
Stk)„I
3.84
4.20
Series
1
4.63
5.16
Series 1956
(Low
B-4
(Speculative
K-l
(Income
K-2
S-l
pfd
(Quality
S-2
commen
(Income
-S-4
com
Priced
(Low
Knickerbocker
com
Fund
Par
;;Y
Eank
of
Bank
of New
the
Manhattan
1948
b0.98
0.93%
1948—'
bO 99
0.94%
1948—
bl.00
0.96%
29.
Gity Banks & Trust Cos.
23 Vz
100
Bankers Trust
Ask
Bid
Co„10
York
10
Par
Fulton
25%
352
367
37 %
Trust
Grace
39 Vz
"Unit Type TrustsTrustee
Amer
6.18
Guaranty Trust
Irving Trusi
Kings County Trust
33 %
35%
Lawyers Trust
•
2.23
1
3.07
1
2.54
;
2.49-
185
155
42%.
15
Trust
8c
10
40 Va
20
38
40
10
21%
22%
Exchange Bank & Trust-20
Trust
7.15
& Trust
First
Morgan
:
(J P)
National
Bank
8c
National
New
71
Public
10
Trust
52 %
67
14
17
Sterling
38
36
100 1,230
■
Bank
8c
47%
*7 244
'
36%
38%
80%
83%
37
39
25
71
—
&
49%
238
100
Trust_17%
National
States
50
:•
—12%
Trust
Nat'l
United
—
20
1,470
25
Title Guarantee
10
Bank
York
15%
47
—
& Co Inc
265
14%
1,430
25
Jity Bank
50 Va
256
■
10
100
_
50
Empire Trust
Federation
-.,,-100
Manufacturers Trust Co
Co
Continental Bank
Corn
Shares—
Trust
88
Chemical Bank
——_2.50
1955
100
85
Trust
Commercial National Bank 8c
Shares—
E
95
140
100
100
Ask
Bid
100
National
Central Hanover Bank & Trust 20
Brooklyn
Fiduciary Trust,
Insurance
0.92%
Chase National Bank
Inc_
Fund
World Investment Trust
Bonds
Priced
B-3
New York
18.92
Wellington Fund——
27.19
0.91%
b0.98
78c
17.30
5.84
Corp
Investing
0.91%
b0.98
—
68c
B_1
Fund
b0.98
—
J948_
1948
44.25
69c
——
Stock
Preferred
Street
61c
41.25
20.74
*
„
Common
1948
15,
6.35
Corp.*
B
0.91%
10.64
Investment
Series
Wall
B-2
.2 %
Shares
Union Bond Fund series A
25.34
Investment Co of America
24.82
46.46
Investors
Street
Trusteed
13.05
10
State
26.69
1
_•
-
Standard Utilities
Institutional Securities Ltd—
Aviation
Inc
Aak
bO.97
As|r
0.87%
b0.95
May
20
1948
26,'
March 4,
5
1
1
Trading
Fund
Invest Fund
Bid
Bid
b0.95
;
February 19,
February
(Geo)
47
United States Treasury Bills
8.02
t-
'
7.88
7.00
Petroleum
4.93
1-47
1.20%
■1.15%
11.00
7.32
Tobacco
4.51
10-
1.10%
14.74
■■,_
-'■■■
••
Ask
Bid
Due
1.10%
b-l.25
5.51
,
Dated
bl.25
1-48
9.03
13.45
10.04
,
Rate
1-48
3-
5.47
»qn)pment
Ask
3-
1-47
1.10%
4.30
4.54
Bid
Due
2-47
7.58
6.39
2.61
3.91
—
Dated
6-
12
10.45
5.03
Steel—.-.
;
4.15
_j.—■
shares
Rate
1.10%
1.25%
10.41
4.99
7.57
shares-
Tobacco
6.92
9.50
-
Railroad
R.n,11rnnfl
3.95
Railroad stock shares.*
Steel
11.68
——
7.49
2.39
—
Equipment shares
10.66
7.19
:
Utility
•
11.02
8.24
—
_
6.98
;
shares
Bond
Public
6.17
...
—
&.24r
6.90
4.82
shares
Railroad
5.68
—
shares
Mining shares
Petroleum
*
10.72
10.06
9.54
Machinery
Merchandising
4.84
11.12
9.78
preferred stock
Diversified
Industry..—
Electrical equipment*—.—.—.
shares-
Administered
Fully
7.84
9.25
7.10
Federal Intermediate Credit Bank Debentures
6.26
10.04
Building supply
6.54
Agricultural shares
Food
9.86
-
7.15
Chemical
Group Securities—
Automobile
5,71
9.13
■.
Bank stock-—
-
9.07
*
Financial Industrial Fund Inc 10
Boston
Dollar
13.58
8.39
Series
Series
Speculative
Rirst: Mutual Trust Fund
,
12.65
1
Series
Bond
1949
3s
13.70
Maturity—
Corp
Stock
20,
Other
U< S. Cerlificafes of Indebtedness
25.05
10.25
10
Inc
23.17
6.55
Priced
24.06
22.51
1
_1
shares
Preferred
1%S Jan.
98.4
100.20
4.37
7.82
series
Low
97.24
100.8
3.81
National Security Series—
5.78
100
Panama Canal
Securities—
Investors
100.2
99.28
4.65
7.14
Investors 2d Fund
Balanced
Ask
59.30
4.44
3.96
Mutual Invest Fund
-f.
Bid
1948
15. 1948
15,
l-%s Sept.
97.4
point
a
Banks—
4.55
—1
Stock Fund
Fidelity Fund Inc
First
1955-1953
10c
Nation-Wide
V,^
Fund
Balanced
1953-1951
1,
1%S Apr.
100
96.24
Loan
Inc—
Mass Investors Trust
Income
Eaton
1,
Feb.
99.22
-
32nds of
more
or
4.27
shares
National
146
5.32
J25o
.
2,850
141
1
Commonwealth Invest
Jan.
2%s
3.87
Common
Mass
Canadian
1 %s
3.66
3.45
Manhattan Bond Fund
1952-1950-
one
Federal Home
Ask
4.37
4.22
_
Fid
1950-1948-
1,
4.13
Metals
shares
1,
4.03
Paper shares
95.73
4%
•
Bowling Green Fund Inc
Broad
5%
3%
91.90
1
of America-
Tr
Inv
Bond
Oct.
l%s May
3.85
shares—
Home Furnishings shares
Beneficial
Bonds
Bank
3.96
shares
Equipment shares-
General
Land
3.32
Electrical
5
—
Figures after decimal point represent
Federal
l%s
Equipment
7%
1
Fund Inc—
Axe-Houghton Fund B
Axe-Houghton
Aak
Managed
3.51
Oilstocks
Associated Standard
Shares
26%
24%
1
Business Shares-
American
Bid
Trust-
75
12
8
9
100
Trust
520
550
Companies
Par
Bid
Ask
Aetna Casual 8c Surety.
.10
81 %
84%
Aetna
-10
43 % "
45%
Insur Co
10
92
95
.10
43%
45%
Jersey Insurance of N Y
20
32%
35%
.25
57
60
Maryland Casualty common
Prior preferred
Convertible
preferred
1
10
11%
12%
Arkansas Pow 8c Lt 2%s
1977
94%
95%
Cudahy Packing 2%s_./
1967
93%
94%
Insurance-
Life-
Aetna
Agricultural
10
American Alliance
American
18%
20
4
36
38 Va
5
Automobile
American Casualty
10%
11%
Equitable
5
American Fidelity 8c Casualty.5
American
American of Newark
Amerlcr n
2%
10
Re-Insurance
:
P*r
*
Home
5
of North America
14'/a
16
12'/a
Merch
&
Mfrs Fire N
Y
National
Casualty
10
16%
18%
53%
55%
National
Automobile
10.
29
32
City
Amsterdam
43
Casualty-
6%
New
Brunswick———
New
Hampshire Fire
66 Vz
69 Va
New York Fire
17 Ms
10
Stocks—
$1.90
101
103%
104%
Firestone Tire & Rub 25/8S. .1972
94%
95%
-1977
97
Power & Lt 3%s. -1977
3s
-1977
Utilities' 3s
103 Va
103%
-1976
93%
94%
Pacific Pwr 8c Light 3%s
1977
96%
97%
13 %
Philadelphia El Pwr 2yaS
1975
22%
Potomac
Edison
Potomac
Electric
Southern
Cal
27%
Ohio Public Service 2%s
46
11%
21
5
12.50
'
6%
7%
77
72
N
Y
Telephone 3%s
50
52
Pacific
Fire
25
97
4%%
28%
Pacific
Indemnity Co
10
48
82
85
Employees Group
Employers Reinsurance
•
10
26%
28%
Preferred
67%
70%
Providence-Washington
48-
52
rhoenix
—10
Federal
146
Reinsurance Corp ( N Y)
151
Fidelity 8c Deposit of Md
Assn of Phila
20
Fire
10
46
49
Fireman's Fd of San Fran
10
89
92
Firemen's
of
Newark
5
8
11%
10
Accident
Republic
<•
Revere
(Texas)
(Paul) Fire
17%
19%
St Paul Fire 8c Marine
10
22%
24%
Seaboard
Gibraltar Fire 8c Marine
10
16
Fire
Glens Falls
Fire
Globe 8c Republic
Globe 8c
Rutgers Fire
2nd
5%
32%
2
4%
10
27
10
19
—
—
'
42%
8%
Security
Surety—.*.
New
Haven
Sprgfld Fire 8c Marine
Standard
Accident—
70
10
40%
42%
10
29
31%
1983
29
Fidelity 8c Guaranty Co__2
4
Guarantee
10
Westchester Fire
2.50
%v
45
Hartford Steamboiler lnspect_10
27%
30%
83
Philadelphia Elec 4.30% pfd-100
Pitney Bowes 4%% pfd
5q
102
100%
3%s—1973
103%
3s_
27/aS
1977
Stocks—
101
95
86,'
Public Service
3.50
Bid
1
Ask
.
Carbon
4%%
89
80
83"
26%
27%
12
100
105
pfd 25
•
:
Transmsn
12%
preferred
Co.—
100
*
Transmission
West
•
Corp "A"l
1
Disinfecting common—50c
Tucker
92
.
Co
Gas
Eastern
Texas
:
;
54
(' Y% V ,
preferred
Tennessee
1 %
103
100
Birmingham ,Elec;j|4.20 pfd—100
preferred
52
(Indiana)—
Southn Cal Edison 4.88%
98
Appalachian, Electric Power—
4 Va %
:v. 103
.
103%
96
Par
Cladmetals
American
ft
25
498
25%
100
Electric—
preferred
T
t
-91
Odd lot sale-(not Included in year's range).
included
in
change.
r
year's
range),
e
Ex-interest,
27%
104
32%
U
S
U
S
U
S
Fire-
—
513
8%
4
14
31
d. When
sales
delivered,
(not
w
included
i When
in
issued,
year's
bBid yield price,
price,
range),
xEx-dividend,
k Admitted
t Ex-stock
y
Ex-rights,
d Deferred delivery sales (not
to
listing
N.
on
dividend.
Y.
Stock Ex¬
(Un) Unlisted
zEx-stock
dividend.
issue,
—.
47
48
65
w
Cash
f Flat
51
V
68
32%
•No
dividend.
par
value../tin default.
■ ■
'■ '
tThese bonds
subject to
are
1
all
V
Federal
taxes,
:
•;
•;
J
'
93
8%
4A
..
47%
23
100
100
99
.
73;
45
Travelers
5
97
5%
10
81
lQ
103
101%
29
10
76
_10
--9%
*\
12%
15
LL
49-%91
9Vh
92
3.70%
95
100 Va
21
American
Fire
7%
4%
30%
17
Hanover
Hartford
40%
5
10
5
com—15
preferred
Great
5
-
pfd-100
..
12%
5
General Reinsurance Corp
Franklin
...
89
.
100
Speer
51
10
1
;
-
preferred
Pennsylvania
102
26%
•
Edison
94
1978
3%s
Edison Co
Toledo
72
10
Casualty
47%
48
pfd_100
19
Cmm 8c Forster Inc
Continental
46
•
4%%
Monongahela Pow 4.80% pfd 100
England Gas & Elec—
-1978
33%
25%
2.50
Northern
Ask
New
Kentucky
31%
43
•
Lt
&
Kentucky Utilities 4%%
102
-Lt
&
2
—10
Bid
99
Power
Georgia
5
—10
Pow
Harbor Plywood
97%
%
preferred
Florida
96%
6
Par
Connecticut Light & Power—
$2 preferred
Lt
5%
S
River
Northeastern
19
16
69
Ask
45%
72 Va
10
Life
Security Issues
3%s_. -1977
Pow &
2
Liberty
5%
10
York
General
29
27%
69 Va
8
Fire
of New
Connecticut
-
25%
National- Union Fire
North
Camden
25
(Detroit)-lO
25
Boston
5
6%
2%
Shippers
Bid
Dayton Power & Light 3s. ._1978
Delaware
5%
10
8c
27%
Bonds—
20 %
4
;
New
Bankers
46%
19%
25%
17
30
25
Baltimore American
Recent
Florida
15%
28
American Surety
Reserve
44%'
5
;
National Fire
American
Ask
25%
5
Massachusetts Bonding
Merchant Fire Assur
10%
Bid
24
fEx-liquidating
.•
■'
•-
,
Volume 167 Number 4673
THE COMMERCIAL
T H ECO URSE
Bank
with
clearings this week show
a
based
decrease
a
compared
ago,
upon
the country, indicate that for the week ended
be
3.5%
below those for
Our
year.
the
preliminary totals stand
against $12,013,409,692 for the
Saturday figures
this
center
there
day of 20.8%.
is
gain
a
at
for
the
able at time of going to press#
the last day of the week in all
clearings will
Irt
week' last
in
week
1947.
At
ended
the
356 in the
follows:
was
CLEARINGS—RETURNS
BY
—.
Chicago...
1948
1947
$5,754,905,11S
—
$4,764 ,953.856
520,397,124
—
San Francisco—..—
same
...
+
212 ,638,152
+
8.6
217 ,600,000
+
9.1
2.5
1st
2d
New
3rd
days
•—11.6
411
+ 26 0
193 ,938,764
+ 37.6
5th Richmond
6th Atlanta
140 ,100,480
+ 15.0
$7,372,232,680
2,077,639,412
cities,
day....
one
Our usual
:
the
on
York
636,322,468
2,563,537,600
9 th
Stock
of
Stock, number of
1948
shares
1947
20,217,606
&
U. S.
bds._
govt.
Total bonds
—
$332,365,400
185,000
6,845,700
126,500
•
10,121,400
1948
1,059,500
-
$111,380,500 $125,490,900
788,400
$186,923,300
$
Months—
on
the
following:
1948
January
CLEARINGS
1946
23,556,803
LEADING
FOR
(000,000
1946
1947
51,510,197
$
York-
293
272
205
272
187
143
77
63
70
58
168
142
122
104
291
239
226
175
216
172
165
126
250
204
173
168
288
397
Paul
333
244
214
452
410
334
272
241,)
211
161
144
Richmond-
129
124
539
497 v* 426
124
328
297
430
377
253
211
179
181
145
IN
__
Philadelphia
3,950
Louis—
3,782
1,072
1,117
1,623
1,257
Pittsburgh-
1,246
Memphis
Seattle
San
1,853
Fran._
Baltimore
444
389
393
387
252
340
195
285
153
142
128
108
87
72
63
72
41,280
34,022
31,131
all
9,049
7,581
6,193
5,571
4,079
3,526
46,098
38,101
34,657
19,699
17,720
Federal Reserve Districts
Month of January—
New
3d
16,937
^685
1,809
1,854
4th
Cleveland
^_14 cities
_
14
1,385
16
2,504
"
8
Minneapolis
Louis—
"
31
St.
2,759
2,517
"
7
"
.
__15"
11
"
19
811
758
642
571
440
1,123
1,037
961
859
"
1,184
1,020
898
184 cities
Outside
N.
Y,
city
765
719
650
570
504
409
699
576
551
498
431
388
304
1,577
1,370
1,305
1,042
957
851
732
614
1,190
1,004
977
933
720
1,276
1,005
875
657
621
480
425
314
OiTns
523
489
447
434
365
331
269
209
1,416
1,219
1,532
1,684
1,381
952
682
Cleveland
_
819
'
New
Detroit
1,745
—
We
now
add
detailed
our
statement
Clearings at—
.
-
Mass.—Boston
Fall River
.1,912,792,183
;
-
—>•'
Holyoke—
•
Lowell
:j.
Worcester——
.
;
.
V-
>
•
•;
.•
I,—Providence;
Total
+ 16.0
+ 14.2
107,372,508
+
New Haven
L
6,173,068
+12.7
48,480,146
(14 cltlea)
:
■*
V :
2,319,230,127
•
22,625,228
104,310,005
+
4.5
+
2.9
'45,820,296
i+
5.8
+
4.9
9.0
2,638 ,631,785
+
9.1
5,423 ,156,219
1,961, 152,510
1,513 ,712,944
;
+ 16.5
1,561, 206,449
1,248, 080,514
1,946, 142,595
1,523 705,005
2,656 090,143
60,325,652,392
+
1,855,927
^
or
1946
2.310,912
73L332
6,653,554
"~699~525
1,816,346
20,712,129
14,592,475
72,663,115
+ 19.7
7,414,045
5,375,067
4,425,529
+ 21.5
25,204,013
12,956,956
23,384,984
+
10,819,218
+ 19.8
2,197,198,857
1,920,225,418
514,807,985
9.1
+
5.1
+ 11.5
-
—
Y.—Albany
113,987,481
Binghamton
'+-■
(■
-i
Elmira
—-—
Jamestown
New
s
89,143,705
11,001,779
—
£&£
381,191,380
8,156,712
v.
+ 24.4
337,858,697
13,685,918
Buffalo-
+ 12.8
6,549,009
9,107,639
7,337,706
.31,151,197,802
31,527,693,101
—
York
*
+ 27.9
4,075,777
20,116,929
8,181,827
5.5
5,025,501
5,842,938
2,630,377
83,206,485
1.2
20,936,300
1,094,615
15,951,400
5.0
467,687,960
372^12,666
+
33,610,006,978
28,943,152,057
69,157,490
40,721,453
8,131,547
44,775,571
2,818,716
141,280,412
198.740,433
7,650,495,329
61,262,275
31,865,780
1,246,983
1,510,450
7,122,830,570
20,461,303
18,075,468
+ 24.1
Rochester
89,366,436
79,233,980
Syracuse
a
+ 12.8
58,243,443
49,365,304
+ 18.0
Utica
Conn.'—Stamford
N.
11,234,180
47,832,362
——
J.—Montclair
Newark
Northern N. J
Oranges
Total
3,255,406
^
172,130,301
220,506,287
—7,139,136
9,071,715
+ 23.8
43,458,879
2,660.545
172,695,691
219,941,394
+ 10.1
7,157,413
+ 22.4
—
+
—
0.3
0.3
0.3
1,929,318
2,072,614
10,709,815
+ 25.9
2,843,749
—
65,380,402
•
j.
v
7.5
+ 27.3
-
+43.2
+ 37.2
'■-v
•'
'
•
5,679,275
1,383,198
53,011,703
988,393
1,110,043
7.4
+ 13.2
•
7,165,812,138
16,406,776
+
13,882,344
10,349,261
+ 34.1
+
6.7
8,349,056
+
7.7
>
803,985
746,602
39,241,971
+ 16.0
5,653,581
45,517,310
51,643,580
49,098,833
+
34,484,352,530
29,777,894,606
7,897,955,239
*
5.2
V
655,393
,
32,183,000
45,821,522
32,287,034,483
32,563,168,918
—
0.8
7,333,220,044
+
7.7
7,349,067,831
7,861,513
v
^
-
392,369
26,382,869
38,823,874
.
.
(14 cities)
915,483
6,208,244,515
13,769,654
10,610,875
8,736,701
11,085,940
125,309,951
185,085,931
4,413,615
.
619,713
10,318,587
2,564,767
56,038,534
1,071,314
11,831,266
6,859,171
38,618,819
2,020,549
—v
5,617,803
'•
8.3
V t
13,481,328
8,355,986
288,671,751
4,916,097
5,782,110
389~603
1,212,676
4,512,268
2,807,073
15,843,902
+ 11.6
490,475,202
71,580,514
+ 24.5
—
57,039,976
11,123,432 /
284,034,502
941,320
~5~4o",Io6
1,291,504
5,607,314
8econd Federal Reserve District—New York—•
S.
959,042
3,028,241
320,329,625
~
,
+ 16.2
27,889,800
1,207,117
'
$
1,459,206
3,377,469
399,694,891
1,312,022
~+~~4.5
1,517,869
6,382,690
—
1945
$
+ 14.2
4,485,852
405,907,668
1,399,023
'>
+ 13.8
years:
Dec. %
4,076,684
1.2
—
four
1
or
Dec. %
31,303,285,434
February 7-
426,621,793
1,560,380
25,585,100
1,346,838
;
Inc.
$
Inc.
$
35,618,233,828
"
$
•
1947
$
1947
2,119,431
3,481,072
2.0
1947.
1948
-Week Ended
4,328.446
+
(
and
Clearings Outside New York
or
6.3
1948
+ 10.1
.5,220,236
2,346,414,516
Inc.
Dec. Vo
29,747,597
24,730,186,706
CLEARINGS
62,830,978,535
7,670,200
85,246,700
+ 10.8
;
2,912,354
2,942,613
6,315,954
25,051,770
19,703,235
87,097,774
53,673,338,763
26,715,645,414
6.3
-
1947
4,931,978
2,246,337
1,758,337,251
1,345,154,060
2,490,729,804
+ 30.8
clearings by months since Jan. 1, 1948
1:649,726,660
3,063,609,176
2,897,164,897
1,358,575,283
2,059,543,518
4,576,399,123
1,445,350,583
980,355,044
4,643, 659,075
+ 14.7
+ 13.8
$
29,777,894,606
2,921 172,933
1,528 560,749
2,208, 362,081
+ 23.7
1,920,225,418
3,407, 121,461
+
+
4,540,822
15.701,867
$
+ 12.9
62,830,978,535
1945
1945
$
3,355 ,937,457
1,710 ,165.637
,
31,303,285,434
37,931,403
10,496,900
101,514,900
10,605,400
116,145,100
5,745,758,.
-;
,
'
-
11,748,309;
118,520,000
.
.
~
••,|; N.-.H.^Mftnchester--^--'--.---.---+
2.5
•f. 9.1
Waterbury,
..
Hk
*
+ 33.2
3,135,629
1946
5,988,206
16,286,015
1,870,456,219
+ 14.5
—
7,920,188
,
;
,..
3,948,555
:+
+ 11.9
30,789,714
::
1946
2,197 198,857
34,484, 352,530
0.8
—
city for the month of January and the week
ended Feb. 7 for
Dec. %
8,640,365
Conn.—Hartford—-—
or
1.2
3,963 ,522,931
$
each
34,690,154
—23,654,542
—
the
66,769,564,630
Month of JanuaryInc.or '
1,962,496,695
7,401,169
:
3,581.652
—-
New Bedford
Springfield———
Inc.
—
66,769,564,630
1948
Month of
January-
7,662,326
18,333,975
9,855,995
4,579,759
covers
Atlanta Reserve District of
+ 20.0
MONTHLY
$
8,576,525
20,992,238
—
the
Dec. %
2,346 414,516
32,563, 168,918
3,073 ,570,351
Clearings, Total All
.Months—
First Federal Reserve District—Boston—
-
in
+ 20.4
467
1947
$
Portland
following compilation
showing the figures for
1948
ale.—Bangor:
and
2,463 167,781
1,818 ,377,486
543
Minneapolis
City
The
an
Chicago Reserve District has
managed to
700
836 .i'.
773
Kansas
The
35,618,366,828
712
1,341
Francisco
Total
was
increase of 12.9%, in the
Richmond Reserve
3,689,120,558
"
—16
of the clearings for
For that month there
Cleveland Reserve District the totals
1,864,655,660
2,879,356,914
6,319,690,910
2,248,864,867
1,872,096,876
2,964,766,453
2,378,558,845
2,039
878
1,066
1,478
an
1947
2,319,230,127
32,287,034,483
4,156,105,076
31790,ossisei
"
16
Atlanta
12th San
•«
„17
Richmond
Chicago
1,128
"
1,539
1,435
In the
$
Philadelphia
York
482,925,467
District there is an
expansion of 20.4%, in the Dallas
Reserve District of
30.8% and in the San Francisco
Reserve District of 20.0%.
194s
Boston
2d
a summary
i
enlarge its totals by 16.5 %, the St. Louis
Reserve Dis¬
trict by 14.7% and the
Minneapolis Reserve District by
23.7%. In the Kansas City Reserve
13,635
_
1,605
9.1%.
28,320
22,805
1st
today
January.
District of 9.0%
2,376
35,618 31,303 26,715 24,730
N.Y.C.
4,818
66,769 62,830 60,325 53,673
__
—
2,068
record
25,944
Other cities
of
v
improvement
66
57,720 55,249 54,132 48,102
Tot. 27 cits.
183,349,164
570,730,803
body of clearing houses of 6.3 %,
1948 aggregate of
clearings, having been $66,769,564,-
«of 4.9 %.
81
76
10th Kansas
City
11th Dallas
$
month
202
117
104
__
8th
18,402
141
107
____
9th
1941
915
_
Cincinnati-
;
480
269
Hartford
.
1942
$
23,293
2,944
__
•
Salt Lake C
6th
JANUARY
1943
$
3,261
_
196,439,116
275,010,645
144,277,347
323,974,962 '
+ 23.2
630 and the 1947
aggregate $62,830,978,535. In the New
York Reserve District the totals
show decline 0.8% and
in the Boston Reserve
District of 1.2%, but in the Phila¬
delphia Reserve District its totals show an
217
240
the
104
379
Denver
280,380,452
259,104,423
increase for the entire
339
7th
1944
31,151 31,527 33,610 28,943
3,398
3,002
2,622
2,350
1,912
1,962
1,870
1,649
Boston
St.
CITIES
$
>
1941
38,995,195
YEARS
1945
1942
324
Out.
1945
-Month of January
1948
Chicago
8
1943
the
—
85
284
'
318,479,350
+ 18.9
We also furnish
:
338
clearings at leading cities of the
FOR
JANUARY
379
5th
BANK
IN
101
Total
1947
20,217,606
of bank
course
CITIES
398
199
9.8
+
+ 37.8
4,470,613,132
374
337
+ 14.2
585,971,494
282,594,770
419,619,922
627,753,743
5,132,058,104
116
222
6.0
V
+ 14.2
482
381
320,756,495
452,746,840
722,760,103
3.1
+
5,872,099,786
$$$$$$
256
+
10,678,857,647
118
___
643,608,304
+ 15.3
12,297,870,242
584
—
746,002,234
583,210,077
+ 12.1
+ 22.2
January
1944
Milwaukee-
country for the month of January in each of the last
eight years is shown in the subjoined statement:
New
\$
1945
7,349,067,831
372,212,666
6,368,063,721
+ 10.5
YEARS—Continued
1946
7.7
621,927,805
491
$341,960,100
months of 1945
1948 is indicated in the
omitted)
1947
+
12,994,930,356
537
8,806,300
The volume of transactions in share
properties
New York Stock Exchange for the twelve
The
LEADING
$
467,687,960
14,355,611,488
Indianapolis
$175,742,400
.
to
FOR
1945
$
5.0
759,980,391
112 cities
Month of
Providence-
38,995,195
———
7,013,200
"
Omaha
1945
51,510,197
$102,419,300 $118,518,700
1,763,000
For. govt. bds.
473,161,849
260,661,937
1946
+
662,992,703
370,671,770
532,798,465
837,478,333
435,126,251
267,255,452
398,017,154
211,540,080
6,705)116,159
(000,000
St.
misc. bds.
"
lo
Buffalo
Interntl. Bk. bds.
"
"
11
6
.
CLEARINGS
omitted)
Bonds—
RR.
4
7
or
Dec. %
833,427,097
Louisville—
1946
23,556,803
"
"
10
L
FOR 8
The
January-—
934,444,463
764,705,772
382,284,252
564,832,819
956,641,079
477,818,207
368,317,495
"
6
Inc.
$
490,475,202
7,333,220,044
7,397,955,239
"
10
.
.■
——Month of
———
;
■
Francisco-
BANK
given below:
are
Districts.
CLEARINGS
1947
514,807,985
Outside N. Y. City
transactions
Exchange is appended.
'
■
Total
3.5
—
■
Minneapolis
—75.2
January in 1945 to 1948
Description—
11
Louis
+ 15.9
monthly detailed statement
New
results for
St.
12th San
$11,587,637,047 $12,013,409,692
> '-V'"
~
BANK
$
7
'
OF
1948
,
;
10th Kansas
City
11th Dallas
5.2
$9,449,872,092
—....
summary by Federal Reserve
447th-Chicago>;v->v:«
+ 18.9
+
$10,951,314,579
Total all cities for week..
a
12 cities
__12
"
4th Cleveland
178 160.883
2,186,543,313
Total all cities, five days.
furnish
York.
275 ,691,000
$8,764,771,266
~
we
Philadelphia
8th
Ten cities, five
Outside of this city there
bank clearings at this
the
Boston
161,091,208
Other cities, five days...—.
14.2%,
SUMMARY
243,742,000
——.
has to be estimated.
statement, however, which
Week Ended Feb. 7—
Federal Reserve Districts
+ 28.1
>
266,777,049-
—
of
following
224,505,082
Cleveland
Baltimore
the week
not avail¬
Accordingly, in the above
cases
week in 1947.
increase
an
In the
+ 27.4
327 ,216,596
237,400,000
„—-
507 932,949
554 ,000,000
230,929,904
....
Boston
as
are
+ 20.8
419,023,784
Philadelphia.. J
Kansas City
St. Louis—
cities according to the Federal
Reserve Districts in
having recorded a decrease of 7.4%.
We group
which they are located and
from this it appears that in
the New York District
(including this city) the totals
show a gain of
7.7%, in the Boston Reserve District of
5.0%, and in the Philadelphia Reserve District
of 12.1%.
The Cleveland Reserve
District has to its credit an
increase of 15.3%, the Richmond
Reserve District of
3.1% and the Atlanta
Reserve District of 6.0%. In the
Chicago Reserve District the totals are
larger by 14.2%,
in the St. Louis Reserve
District by 9.8%, and in the
Minneapolis Reserve District by 37.8%. In the
Kansas
City Reserve District the improvement
is 18.9%, in the
Dallas Reserve District
23.2%, and in the San Francisco
Reserve District 22.2%.
center
Cent
706,000,000
—.
the
TELEGRAPH
Per
New York.
detailed
43
C L E A R IN G S
10.5%, the aggregate of clearings for the whole
country
having amounted to $14,355,611,488, against
$12,994,930,-
Fri¬
Our comparative summary for the week
Week Ended Feb. 14
elaborate
(783)
we present further below
we are able to
give the final
and complete results for the week
previous—the week
ended Feb. 7.
For that week there was an
increase of
$11,587,637,047
week
same
BANK
We cannot furnish them
today, in as much
ends Saturday and the
Saturday,
corresponding
OF
CHRONICLE
the
Feb. 14, clearings from all cities of the United States
from which it is possible to obtain
weekly
FINANCIAL
Complete and exact details for the week covered
by
foregoing will appear in our issue of next week.
•
.
Preliminary figures compiled by us,
telegraphic advices from the chief cities of
year
&
r
..
6,368,063,721
44
THE COMMERCIAL
(784)
&
FINANCIAL
CHRONICLE
Monday, February 16, 1948
1947
1948
Inc.
:.V
1,239,469
1,110,804
1,009,688
769,828
813,560
2/742,091
27718,817
27593,252
178157465
803,000,000
718,000,000
628,000,000
3,309,908
3,398,561
16,568,752
12,888,808
10,472,594
7,470,778
3,517,099
3.9
6.2
—
2,513,161
3,499,044
+ 20.6
3,711,249
2,837,541
2,944,000,000
900,000,000
7,750,782
2,693,611
2,396,919*
4.4
15,645,244
12,872,371
+
21.5
3,261,000,000
10,360,452
+
8.3
15,692,160
13,619,350
4,493,699
4,425,735
+ 15.6
8,351,468
9,898,895
6,450,980
2,050,592
2,130,849
1,917,037
3,422,371
1,966,679
8,199,869
3,724,821
4,119,765
1,843,430
1,029,018
5,439,704
768,042
24,411,288
8.166.186
6,656,345
+ 22.7
5,895,231
18,887,400
7,405,705
4,928,264
+ 50.3
8,019,047
3,461,100
934,444,463
833,427,097
+ 12.1
746,002,234
643,608,304
-
11,073,038
9,578,195
,/>
York—.
16,722,012-
1,486,194
Du Bois
4,587,907
Hazleton—
2.7
—
5.8
—
+ 32.3
30.1
43,397,953
J.—Trenton
:
33,363,785
+
31,644,323
Del.—Wilmington
27,969,532
3,963,552,931
20,239,481
18,222,668
5,289,612
+ 16.7
4,078,552
3,480,809
699, 602,036
+ 10.6
576,164,751
551,577,962
172,u01,o45
150.918,926
+ 14.0
126,506,619
124,121,527
1,190, 271,250
+ 15.2
1,004,942,428
977,509,393
280,675,640
233,668,354
+ 20.1
202,132,635
192,575,922
+ 24.3
20,831,800
15,808,300
3,382,662
19,484,569
3 ,607,392
25 ,667,966
26,904,974
ZH'ttf' fi
Cleveland
Columbus
-
Hamilton
Lorain
-
—
—
19,052,184
67,843,220
2,534,028
2,207,865
1,246,183,967
Newark
Toledo————.--————-
Fa.—Beaver County.
Greensburg
Pittsburgh
Erie
108 413,500
4
20,185,483
—
23.1
83,903,800
76,359,900
28,271,300
22,738,700
3,873,580
3,507,293
6.2
2,345,265
4,241,232
3,786,415
3,127,680
2,542,604
5,392,083
5,026,957
4,558,076
3,229,599
267,948,194
241,563,739
+ 10.9
221,974,715
244,212,133
764,705,772
662,992,703
+ 15.3
583,210,077
585,971,494
+
+13.6
13,215,005
1,613,118
10,022,060
+
7.7
19,579,598
15,621,749
15
+
21.8
12,107,406
8,716,226
+
8.7
44,124,276
1,844,651
43,414,930
,645,476
62 415,364
—
1,590,563
2, 192,452
+ 15.6
1
561,302
+ 41.4
1,252,237
831,052
1,117 438,571
17, 653,440
+ 11.5
1,066,763,878
1,123,666,288
+
14.3
15.069,178
11,930,340
19 000,771
+
3.3
15,719,073
17,406,093
:
.
28, 289,451
+ 13.6
16, 994,014
+ 17.0
25,248,887
14,779,439
23,695,759
19,888,884
3,790,083,861
3,355,937,457
+12.9
2,921,172,933
2,897,164,897
32,150,463
Kj.—Lexington
W. Va.—Wheeling
cities).
11,479,503
District—Richmond—
12,150,439
9 995,846
49,533,000
539,568,702
39,476,000
Va.—Huntington
Va.—Norfolk
Richmond
497,592,537
8,568,075
6,242,190
33,144,000
426,534,856
31,015,000
10,629,000
6,269,000
97,323,645
3,723,185
2,404,669
9,065,000
99,254,160
3,153,543
7,024,000
379,911,448
82,397,600
2,810,275
71,424,399
202^801^530
1897464,040
17275567480
150725+479
8.4
4.0
15,047,242
+
25,547,478
+ 10.8
21,665,305
9.5
765,866,818
719,513,656
--
C.—Washington
—
282,970,821
3,437,433
+
+ 16.0
3,015,370
6.0
1,710,165,637
oSJ'SSKqifi
263,810,029
+
v
1,528,560,749
9.0
District—Atlanta—
Reserve
.
2,502,988
2,033,743
257,680,198
+
189,877,443
1,358,575,283
;++;•
>■
53,994,167
507695,016
320,756,495
677330,358
657115,054
382,284,252
■
1,864,655,660
(8 cities)
*
18,219,764
836,098.280
300,050,588
Md.—Baltimore—
2,691,838
11,762,036
12,086,127
15,642,460
Columbia
1,448.388
1,973,973
+ 21,6
+ 25.5
+
28,305,559
915,416,650
3,988,262
B. C.—Charleston-
Frederick—
6,175,678
+ 19.8
17 ,147,716
19,619,660
-
,879,243
4.8
+
25 154,513
27,103,934
—."
Youngstown
Reserve
1,810,142
1,370,778,860
133,470,700
5,845,777
Cincinnati
Oil City
1,295,905
District—Cleveland—
Reserve
Onlo—Canton
Mansfield
3,063,609,176
3.407,121,461
4.9
+
1,423,528
3,170,300
*
3,679,916
30,343,255
20,448,000
+ 13.1
4,156,105,076
Total (16 cities;
Federal
—
+
19,671,655
(17
—
3,782,000,000
Wilkes-Barre
Federal
&
3,950,000,000
Scranton
Sixth
578,755
814,648
2.1
3,299,720
—
Total
760,711
941,788
+ 14.5
4,831,016
Reading
D.
1,098,927
1,015,719
+
j
Philadelphia
Federal
1,041,235
4,005,132
5,074,358
——-,—-—
Norristown
Total
2,727,568
20,062,963
Lancaster
49,
;? s
3,258,999
.4,965,370
--■*—
Lebanon—
Fifth
1945
$
3,737,943
12,084,648
Chester.
■
Dec. Vo
1.2
4,237,507
;
j.
Harrisburg
Fourth
1946
Inc. or
$
—10.7
5,463,689
22,970,522
Bethlehem
4,879,008
4,185,640
Pa.—Altoona—
N.
1947
$
$
Reserve District-—Philadelphia—
Federal
Third
1948
1945
1946
or
Dec, (/o
$
Week Ended February 7-
—
-Month of January-
r/>r+[++,:I
Clearings at—
282,594.770
v
370,671,770
+
3.1
15,519,454
14.264.767
3.6
iScon
Fla.—Jacksonville
329*559
44.280.768
42,745,449
726,000,000
199,000,000
187,700,000
+
6.0
161,200,000
152,400,000
+
4.4
12,498,496
0.9
3,136,107
2,457,018
+ 16.5
6.1
2,267,939
1,388,294
62,015,459
52,016,"<97
12,621,080
350.438.940
265,447,975
84,322,432
77,240,764
+
9.2
63,855,456.
20,728,946
23,800,726
6,540,139
6,108,440
+
7.1
5,196,268
+ 13.8
16,450,000
26,217,699
4,369,318
1,486,503
3,345,081
+ 18.1
1,411,199
383,534
412,634
r-
7.1
354,790
260,362
+
6.9
447,517,861
434,269,509
111,023,861
107,609,601
+
3.2
96,175,286
86,979,738
489.501.941
+
9.1
2,208,362,081
2,059,543,518
564,832,819
532,798,465
+
6.0
452,746.840
419,619,922
2,638,631,785
2,860,441
1,660,531
1,468,776
913,587
+ 23.2
4,014,132
1,219,322,061
702.936
+ 17.9
+ 13.1
5,282,397
1,532,117,321
10,241,358
8,214,540
+ 24.7
6,728,654
5,424,435
1,416,438,660
15,234,081
+ 24.G
10,310,788
31,283,289
,26,580,403
6.2
5,618,026
4,780,338
6,532,434
4,916,325
+ 32.9
3,660,824
4,382,065
4.5
16,056,380
7,059,742
5,116,110
+ 38.0
3,557,241
3,180,217
4,489,350
54,518,000
50,901,000
7.1
37,414,000
29,907,000
3.967,408
'
/
38,920,021
48,273,954
——
6,215,551
'
*
-
-
9,392,644
Haute
?988
Manitowoc
—
15,499,008
47,413,431
47,932,513
16,229,405
+
5.1
13,260,098
10,972,248
+
15.6
199,565,678
+
34.1
3,015,682
168,709,417
2,979.994
+ 13.7
6,542,793
1,068,602
7,073,965
1,259,598
+ 14.1
3.346,040
+ 19.2
(31 cities)
Eighth Federal Reserve
Z.:
-Memphis"
^^Jacksonville
-
+
4,390,986
+ 44.0
9,741,47<
.mi'oli'ono
Reserve
7,593,660
;
1,961,152,510
13.2
+ 18.5
+ 19.3
S'JSnSi
5,5oj,ujo
Minneapolis
—
-
D.—Fargo
Grand Forks
v.
,
S. D.—Aberdeen
.«
15,424,014
Mont.—Billings
Falls
—
?
Helena
Lewlstown_
(16 cities)
-
"
13,976,471
42,203,406
1,403,555
1,872,096,876
19,784,698
+ 60.8
10,508,568
+ 15.9
883,524
10,580,207
33.506,760
-*■■•■
;
1,305.943
+
3,596,160
•
•
563,781,862
7,606.346
w.
571,214
•
2,627,142
16,904,'177
.
:
.•
•
*
'
493,592.159
635,757,974
+ 12.9
8,750,645
3,463,020
2,154,300
1,733,789
11,932,887
-2,646,249
9.194,060
+ 30.9
32,784,396
10,124,513
+ 29.8
4,911,214
4,043,722
+
21.5
7,790,885
3,172,118
2,102,330
8,807,262
3,441,505
3.071,457
+12.0
2,507,732
2,087,549
14.2
722,760,103
627,753,743
+ 15.6
176,300,000
156,300,000
2,350,639,150
717.790.911
.
/
6,675,434
21.1
12,641,215
10,249,767
1,200,654
1,006,745
16.5
4,643,659,075
4,576,399,123
956,641,079
.837,478,333
+ 17.3
878,334,632
811,535.694
278,000,000
240,000,000
+ 20.3
7,824,256
7,836,367
379,442,629
117,267.829
111,897,080
85,633,380
80,598,935
240,525.913
80,640,667
81,197,301
55,301,383
42,459,274
+
28.1
1,127,207
+
9.4
398,589,747
269,135,691
946,532
5.248,384
+ 13.9
+ 31.8
+ 13.6
1,561,206,449
+
886,807
699,190
4,423,983
17909,711
1,631,870
1,445,350,583
477,818,207
435,126,251
+
14.7
+
6.6
20.484,377
16,757,741
5,336,160
4,802,237
+ 26.9
875,697,062
657,520,206
261,657,384
178,478,547
+ 31.3
3.379,525
80,430,977
+
19.1
244,657,735
3 929,288
+
42.8
2,781,631
+ 17.0
I72~4~4",581
9.8
318,479,350
+
280,380,452
3.538,933
+ 11.1
4,178,493
46.6
190,136,463
141,334,105.
66,430,977
"+1T.I
51,807,127
41,7671445
6~269J82
4,650,366
+ 34.8
3,061.579
3,481,788
57098,304
2,558,829
+ 21.1
1,518,409
37074,149
2,605,004
+
2,764,266
1.7.
692,946
582,681
27 ,433,368
+ 15.8
19,238,579
17,070,775
3 ,789,000
—29.8
2,916,000
3 ,847,619
+ 34.5
3,189,000
2,859,365
941,208
5,175,239
16,073,072
30,171.06o
3,789,642
Sioux Falls
3,672,828
2,622,871,906
>
2,471,924
214,006,234
925,643
31,771,477
Fergus Falls
(I.
20.3
10,582,975
333 ,441,176
397,037,696
4,183,432
Paul
Winona
23 ,396,752
1,005 ,899,857
4 ,235,685
•
-
+ 25.2
+ 15.8
District—Minneapolis—
iflnn.—Duluth
Rochester
491,211,303
377,590,482
\ 1.436,040
3,985,724
25.6
+
1,072,202,775
2,248,864,867
30.4
4,928,581
8,625,680
(7 cities)
24,945,940
9,034,954
1,127,844
818,092
2,544,108
14,528,509
+
Quincy:-.
2,861,521
32,850,695
950,323
5,423,156,219
537,319,815
430,216,675
1,892.120
2,561,065
37,947,727
1,444,725
11,720,998
1,762,974
Independence
+ 26.0
+ 26.6
1,257,326,605
Kv —Louisville
3,120,676
4,736,158
56,977,440
1,710,054
District—St. Louis—
Louis
Cape Girardeau
54,504,751
3,931,097
122,105,442
6,319,690,910
—
65,237,795
35,012,197
*"30,000,000
+
Sterling
11,529.377
42,889,948
71,448,698
13,582,221
1,557,381
21,184,784
.
10,483,689
+ 19.7
92,986,215
+
Rockford
+ 20.2
+ 15.9
3,002,207,434
13,333,563
43,945,998
18,287,781
52,434,083
8,072,399
11,341,556
2,424,509
11,788,512
+
3,480.397
6,452,830
8.6
15,890,230
+
—20.1
13,632,303
•
i18,448,059
1,949,030
Decatur
Huron
16,732,194
+ 14.3
482
6,191,868
6,323,494
3.398,633,498
15,806.453
"
-
Minot
+ 26.8
.
m—Aurora
Federal
144,402,837
222,199,232
3,744,901
ili'SfiflqSa
72 ?l?'o3§
Iowa—Cedar Rapids
Des Moines
Total
25,684,438
161,071,703
56,038,557
5,02-,504
Sheboygan
Watertown
Mo.—St.
30,782,261
+ 14.5
21,180,783
*029504
Oshkosh
Total
14,767,081
16,282,417
+ 28.8
+ 26.5
64,069,,984
Chicago
8,431,838
21,464,413
-".058,910
—•
——
Springfield
5.263,673
—
211,128,644
2J« JsJaqn
2f*2S2'22S
Bend
BloomSon
24.9
+ 24.0
7,867,804
36,909,241
Indianapolis
Milwaukee
+
5,869,041
11,733,635
7,276,900
Z!S!-:z:z:±:::z
Wis.—Madison
+13.3
+
18,895,821
7,915,677
26,311,934
+25,127.849
HECity
21,524,905
+"19.7
+ 11.9
6'230,248
1,745,777,806
Muskegon..
Terre
5,149,110
9,883,862
14,132.000
1,674,127
6,600,265
South
60,103,700
5,461,287
-
City
10,588,729
14,702,000
*
30,009,958
"
Rapids
Total
+ 11.1
.19;133,944
17,260,801
Great
74,326,275
289,966,877
+
District—Chicago—
Arbor
Lansing
St.
82,581,616
+ 11.2
Jackson-
Ninth
250,727,626
5.2
14.1
+ 11.0
2,879,356,914
.
Sunt
Xenn
—
523,110,709
Detroit
i.
3,589,836
6,112,808
——
.V
N
7
Mich.—Ann
>
3,369,448
+ 23.8
-
Seventh Federal Reserve
r
3,656,990
9,752,356
10,571,319
28,107,302
'
SK?
(16 cities)
Total
-
+
3,623,980
—
13,626,010
11,663,535
9,463,733
308,044,594
372,612,047
25.854,052
:::::
Orleans
La.—New
Bay
4.4
6.5
450 000
Vicksburg
Grand
+
+
497
Meridian:::::::::::::::
:
55,073,694
19,015,365
——
MSc7sonttiesburg
%
57,513,680
14,372,033
Montgomery
•
187,765,834
414,420.908
Tampa
'
17,032,231
207,998,368
765,000,000
14,920,993
17,385,256
14,397,433
——-
16,474,129
11.3
17,447,499
Columbus
69,397,265
—
57,853,164
+
71,350,497
293f6uo,9lD
Nashville
+ 22.1
924,000,000
i'enn.—Knoxville
14
,774,118
26 ,430,488
3
,000.157
—
9.992,093
7,790,277
16,093,258
14,742,875
2,229,884
1,768,852
+
+
26.3
+
18.1
'
:
13 ,055,599
U" u ,649,339
2,578,562
8.8
+ 14.2
+ 20.0
9,001,585
6,790,834
9,771,633 ;
7,482,404
2,425,837
v
,745,223
+ 14.9
27,235,378
87450,739
1, 144,067
+ 22.7
776,463
24,570,111
541,302
7/729", 49 2
23.7
1,248,080,514
980,355,044
368,317,495
267,255,452
36
1,513,712,944
+
5,976,515
+ 37.8
4,696,529
259,104,423
196,439,116
FINANCIAL- CHRONICLE
.
CteariffcgS
1948
Federal
Reserve
District—Kansas
$
1946
;'j
Dec. %
2,300,437
1,749,322
31,721,358
Omaha.
28,987,387
.584.408,243
tans.—Manhattan
1,240,617
21,359,268
374,336,353
338,609,623
1.5
1,515,103
1,234,104
1,209,004
11,545,907
28,091,819
14,922,893
9.4
+
+ 12.3
—15.8
5,530,988
1,042,813,458
58,552,844
49,655.441
+ 17.9
2,573,849
2,146,548
+ 19.9
79,062,414
+ 76.8
8,086,443
+ 17.8
452,765,900
7,613,341
410.744,914
9,913,024
7,157,940
+ 38.5
Pueblo____________________—
cities).
Federal
2,964,766,453
Reserve
2,463,167,781
29,730,072
—1
Paso
":,;u Ft.
■
,J
26,631,470
•
925,659,368
81,430,183
96,093,037
•20,176,000
685,836,631
6,308,390
r' 4,992,258
lil,959;367'
'
...
23,235,000
___
....
Falls....
>
;
Total
u
Twelfth
w
(11
Federal
Reserve District—San
'
6,699,579
Utah—Ogden-'.'...
1,652,318
1,086,883
1,708,069
1,525,487
+ 12.0
1,475,707
1,008,090
473,161,849
398,017,154
+ 18.9
323,974,962
275,010,645
8.0
5,143,335
2,721,332
1,758,337,251
22,435,621
16,539,424
9,247,432
704,673,560
11,603,375
617,638,439
64,044,858
>
.
54,316,331
67,640,149
215,091,000
21,729,958
169,910,000
19,889,171
5,600,000
150,467,000
15,040,431
116,843,000
14,174,000
4,596,000
3,848,000
3,278,000
2,933,944
2,579,798
2,099,538
1,694,527
6,~750~860
5,80~6"952
+ 23.2
183,349,164
144,277,347
+ 26.9
88,754,153
1.1
3,247,512
2,305,207
74,822,900
74,682,501
17,187,000
: v
.
3,856,248
7,534,063
27,671,967
8^60,653
7,9~48,942
1,523,705,005
•
1,345,154,060
260,661,937
211,540,080
3,320,712
+ 33.4
4,326,562
3,705,460
7.9
389,421,369
15,251,493
13,272,466
393,934,300
11.975,444
4,757,000
3,591,000
+
1.8
—
+ 43.4
-
+ 25.8 [
+ 57.0'
<
______
"
348,819,333
8,205,236
135,956,630
10,261,021
153,437,880
142,208,394
49,236,279
+ 18.7
+ 28.3
•46,205,430
■14,195,512
1.1
17,399,904
39,990,080
13,488,790
14,784,630
46,794,702
28,093,619
26,373,948
—
8,698,817
+ 38.0
9,400,037
8,319,022
8,581,191
9,557,068
7,740,889
+ 10.9
8,602,298
5,742,629
+ 13.8
7,499,059
1,341,396,843
6,929,173
:
—
409,666,000
364,774,737
+ 12.3
30,003,321
342,965,395
10,794,381
265,684,000
9,892,906
+
9.1
10,842,785
8,811,273
4,246,939
5,924,937
3,383,095
+ 25.5
27,510,921
2,963,578
8,477,394
1,989,828
6,304,560
+ 34.5
6,305,854
5,003,986
1,853,505,698
1,628,718,793
48,027,253
—
48,076,918
—_™,_—.
cities)
(184
3,689,120,558
cities).
66,769,564,630
> •+
,62,830,978,535.,
35,618,366,828
0.1
—
2,656,090,143
6.3
12,005,549
J
2,490,729,804
759,980,391
53,673.338,763
14,355,611,488
24,730,186,706
60,325,652,392
+ 13.8
31,303,285,434
6,705,116,159
;
26,715,645,414
ENTIRE
be found
$5
cumulative
and
stocks
common
those
called
under
called
bonds, notes,
for
sinking
redemption,
fund
provisions.
The date indicates the
redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details
NOTICE
Company and Issue—
Power
,
&
OF
class
B
stock—Mar
3
245
Valley RR.,
1st & ref. mtge. 4'/is, due 1961. Aor 12
1st ref. mtge. bonds,, due 1949—Mar
1
Chicago Great Western Railway—
646
Ry.,
151
income
of
of
Sterling
Extended
of
of
1st
of
16
434
Division
1st
mortgage
3'/2s
Omaha
Litchfield
Chicago St.
1st
1st
1st
Division
Louis
mortgage
of
&
Collateral
1st
lilies
trust
mortgage
Louisville
of
of
4s
of
5s
Brothers,'
—Feb
Orleans
434
16
434
Feb
Feb
16
16
Feb
of
16
1951
1951
-
Atlanta
434
434
...Feb
16
Feb
16
434
Feb
16
3'/2s,
due
1952—
1952—
Feb
434
16
-
434
Feb
16
434
—Feb
16
434
mtge SVfes of 1953-Feb
16
_____Feb
16
434
..Feb
16
434
_____
1st
1955
1955
...
...
preferred
stock_______.L_
'•
'■
434
——.Feb
16
due 1953_Feb
19
Feb
20
292,
1
>
434
550
,
Light Co.,
Date
1st mtge.
3s,
due
mortgage
Chicago
1st
&
and
Cleveland
1963
Western
Union
Kansas
1st
■
1st
29th
-Mar
Page
1
.
3 Vis,
Natural
mortgage
Co.,
1965
Street
4%
Towers
s.
!-Mar
•
1
1st mtge.
due
5V2s,
1962.-Mar
ser.
A -Apr
§2308
1
A,
due
1961—
-Feb
.
43
15
&
Fuel
Power
tVol.
165.
1969
2y8%
;
(now
1961.,
Mar
Power
1
153
2
§2419
2
§2419
bonds,
due
due
1st
mtge.)
Commercial,
Loans
in
this
HVol.
to
ref.
5Vi%
issue.
164.
due
mtge.
U.
1
1952
U.
72004
preferred
stock——May
tRepublished
8 Vol.
1957—Feb
to
correct
1
Real
656
17
§2565
1
'
74
—
999
+
23,352
—
42
+
3,957
14,644
agricultural
—
83
+
2,971
S.
for
for
pur¬
229
___
loans—.:
to
Other
S.
Condition Statement of Member Banks
Reserve
following principal
changes for the week ended Feb. 4: An increase of
$259,000,000 in holdings of Treasury bills, and decreases of
$246,000,000 in holdings of United States Governriient
bonds, $258,000,000 in reserve balances with Federal
Reserve Banks, and
$592,000,000 in demand deposits
adjusted.
Federal
with
85
+
9
+
675
+
259
+
1,902
+
3
—
2,663
2,715
v
—
24
—
768
28,719
—
246
—
1,695
—
24
+
266
12,431
—
258
+
747
—
62
+
36
2,228
_____
Banks
—
15
+
15
banks
>
'
v
Demand
Time
deposits adjusted
deposits, except Govt
Government
Domestic
947
730
Reserve
domestic
demand
16
+
+
4,212
U.
Interbank
—
9
91
—
Liabilities—
S.
9
+
3,413
«,
—
vault
Balance
The condition statement of
weekly reporting member
in leading cities shows the
banks
—
2,468
.
—
with
in
320
3,495
....
securities
Cash
—
+
-
bonds
Other
6
271
loans
U.
19
—
366
3.525 "
banks
Treasury certificates of Indebtedness.
Treasury notes
166.
—
or
securities
estate
—
52
490
Government
1
—
306
carrying:
obligations
—
392
:
purchasing
Treasury bills
er¬
dealers
obligations
securities
Loans
*
previous
and
Government
Other loans
Mar,
due
64,879
*
and
carrying:
or
S.
Other
155
Co.—
Anytime
6s,
industrial,
brokers
chasing
Other
series A,
1st and
Feb. 5,
loans
48,226
592*
—
14,632
+
876
+
deposits
62*
108
y
+
2,251
540
+
—
1,174
31
—
77
7
—
deposits:
banks...
9,266
—
1,340
Foreign banks
Borrowings
—
242
..._
36
+
5
12
—
.
Commercial,
industrial, and agricultural loans de¬
$57,000,000 in New York City, $10,000,000 in the
City of Chicago, $9,000,000 in the Boston District, and
creased
$83,000,000
at
all
reporting member banks.
brokers and dealers for
purchasing
or
Loans
to
Debits
demand deposit
"
interbank
and
U.
S.
accounts,
Govt,
except
21,915
accounts,
(Revised figure pre-
during week
♦Jan.
vious week
28 figures revised
(Atlanta
to
21,042)
District).
carrying United
States. Government and other securities decreased
$68,Loans to, banks increased $91,000,000.
000,000.
Holdings of Treasury bills increased $210,000,000 in
$51,000,000 in the San Francisco Dis¬
trict, and $259,000,000 at all reporting member banks.
New York City,
DIVIDENDS
Dividends
first
grouped in two separate tables. In the
bring together all the dividends announced the
we
current
are
week.
Then we follow with a second table in
show the dividends previously
announced, but
which have not yet been paid. Further details and rec¬
which
we
Holdings of Treasury notes decreased $24,000,000. Hold¬
ings of United States Government bonds decreased in
ord of past dividend payments in
many cases are given
under the company name in our "General
and Investment
districts; the principal decreases
New
York
of
251
652
.—Mar
1
were
$67,000,000 in
Gity, $31,000,000 in the New York District
New York
City, and $30,000,000 in the Sari
Francisco District.
.
$62,000,000
and
United
1961
1961
Apr
—
...
1
-Mar
1
States
Gov¬
deposits increased $108,000,000.
Borrowings increased $70,000,000
in New York City
$36,000,000 at all reporting member banks, and de¬
creased $13,000,000 in the
Minneapolis District.
bds., due
1952_Apr
1
A
summary
of the
assets and
member banks follows:
in the week when
,
dividends
announced
this
week
are:
Per
tricts, the principal decreases being $245,000,000 in New
York City and $123,000,000 in the
Chicago District. Time
deposits increased
The
Name of
Demand deposits
adjusted decreased in nearly all dis¬
ernment
Corporation
News Department"
"
'
declared.
r
and
series,
4%
Assets—
and investment—total
Loans—total
42
Jan. 28,
1948
'% 1947
(In millions of dollars)
Loans
11
Co.—
bonds,
Co.,
•Announcement
rors.
Dec. (—) Since
112142
Feb
Light, Heat &
bonds, due 1949—
Wheeling & Lake Erie Ry.,
Co.—
Corp.—
2d mtge.
249
~
N. J., $4 pfd. stk. _Feb 16
1st mtge. 3 Vis, due 1949„_ _Mar
4
Co.—
f.
248
1
of Newark,
due
bonds,
15-year
Gas
4,470,613,132
542
1951-Any time
due
RR.—
Co.,
Gas
Gas
4%
money
542
Co.—
series
Insurance Co..
mortgage
10-yr.
33/4s,
Consolidated
Oklahoma
Pittston
Power
mtge.
.
Indiana
Power & Light Co.,
Michigan
due
A,
Terminals
River
mortgage
Firemen's
series
5s,
1
Mar
1927
Electric
mortgage 5%
Telluride
outside
refunding mortgage 4V4S, series D,
Connecticut
1st
4s.
1st
due
5,132,058,104
all
PARTIAL REDEMPTION
Carolina, Clirichfield & Ohio Ry.—
1st
&
434
—
1951
1953—
,
Gas
434
.
1951—
Company and Issue—
<,
434
/
RR.—
capital stock——Mar
■;
434
16
-Feb
—Feb
^
3'/2s
Peoples Brewing Co. of Trenton, 1st
mtge. 4s,
Roof 'petroleum- Co..
capital stock
;
South West Pennsylvania Pipe
Lines,
;s
16
of
mortgage
of
of
of
16
Feb
—
1951
4s
1st
4s
43
434
1951—
1951.
Division & Terminal
Refunding
Refunding
Lit
of
mortgage 3V2s of
Purchased
16
1951.—
New
Memphis Division
>
Feb
1951
of
4s
mortgage 3s of
3s
5s
434
Terminal—
&
3.'/2s
Division
434
434
16
....
mortgage
16
16
—Feb
1st mortgage 3s of
1951
Springfield Division 1st mortgage
>
Feb
..Feb
_________
—
1951—
mortgage
Lines
St
1st
...Feb
1951.
-
Western
Louis
651
1951..—
3V2s
547:
24
1950
debentures,
Gas
+ 14.2
Feb. 4,
1948
*
bonds, due 1953___Feb
1951-—.—.
4s
3s
f.
s.
7%
York
5,872,099,786
,
432
:
._
and
25-year
10,678,857,647
■
Co.—
of
482,925,467
12,297,870,242
§2410
stock—,
series
570,730,803
+ 10.5
—
mortgage Al/\% bonds, due 2038——Mar 1
income mortgage bonds——.—Feb 18
E.) & Co., 5'/2% preferred stock
..Mar 23
Corp.—
Inc.,
(Walter
1st mortgage 5% income
Illinois Central RR.—
preferred
Co.,
Power
+ 22.2
Page
1
& Salt Lake
Ry., inc. mtge. bonds, due 1960
Apr
tGreat Lakes Power Co., Ltd.—
5%
general (closed)
sinking fund bonds
—Feb
4(4%
1st mortgage s. f. bonds, series A, due 1956—Feb
Metropolitan Personal Loan Co.—
1st
Page
Power
stock,
621,927,805
12,994,930,356
,
inc. (+) or
Date
Denver
Pueblo
Date
&
Oregon
preferred
Purchase
TENDER
,
Light Corp.,
6%
New
given in the "Chronicle."
were
Electric
tCalifornia
convertible
12,761,715
CALLED
debentures, ser. A, due 2024_July
Fine Spinning Associates, Inc.—
Berkshire
list of corporate
a
ISSUE
*
Company and Issue—
Appalachian Power Co., 6%
tButte
4s
■
25,081,685
+ 20.0
(19
mortgage
•"
11,848,085
Notices
1st
„,
+ 19.5
*
37,712,939
3,073,570,351
1st mortgage
,
______
•30,011,946
7.5
27,472,107
Sterling
26,333,924
____
■'
________
+ 15.5
+12.6
3»/2s
30,305,086
+
+ 17.6
Sterling
72,129,757
+ 26.6
+ 15.0
17,122,657
Drake
+ 57.4
38,883,404f
34,808,121
Redemption Galls and Sinking Fund
Hotel
87,022,467
43,090,803
,33,403,720
General
82,356,341
16,293,636
11,424,927
Outside Ne\v York
Heller
>
18.736,174
20,143,232
Gaylord,
+
...
•Estimated.
7
3,374,891
11.497,784
344,708,357
37,623,935
Pacific
91,852,039
3,410,638
+ 38.7
Stockton....
Aroostook
_______
116,604,892
+ 29.3
Santa Barbara......—
Central
13,933,536
40,209,271
Jose—-.—
Cities
+
____....
>10,669,610
;
3,565,887
31,193,111
.
1,478,643,389
34,793,181
r
13,769,204
American
6,616,169
520,859,352
4,151,479
7,146,382
46,326,696
——
•
Francisco
including
182,743,401
10,717,732
36,044,902
Riverside...
preferred
208,310,509
+ 14.0
195,410,772
63,692,279
'
26,093,589
—
...
Pasadena
Below will
+ 17.5
10,042,744
272,914,142
4,554.601
+ 30.8
427,730,336
75,581,090
Long Beach
Grand Total
260,606,334
6,276,596
+ 11.8
6,862,000
14,860,347
—
...—
Modesto—
Total
6,955,277
306,221,006
11,443,828
7,691,349
1,946,142,595
+15.2
16,753,311
252,744,868
——
Calif.—Bakersfield
-
2.3
+ 15.5
5,919,587
+ 50.2
5,021,457
671,549,329.
—-—
Salt Lake City..:
Ariz.—Phoenix.....:
San
12,713.831
*'v,r+
1,683,271
+ 26.4
i'r-
16,966,250
8,633,000
Portland—
San
5,636,861
10,567,744
1,944,211
581,853,946
"
-
444,871,73 L
16,656,329
24,023,878
Berkeley.
5,764,096
;
>334,715,734
+ 15.2
1,818,377,486
480,231,470
—
Dre.—Eugene
.•
4,368,640
9,224,346
2,499,036
+ 20.4
101,226,440
Francisco—
(da.—Boise..'
.
85,872,958
124,565,085
221,017
1,689,034
+28.8
r
3,979,635
35,022,210
2,378,558,845.
ash.—Bellinghapr
V V 'Yakima
+23.1
4,095,814
69,824,486
280,259
4,554,639
+16.5
9,704,656
39,145,356
cities)
*•
'
4,582,427
La.—Shreveport
,'S
.
14,573,658
Texarkana..
300,045
4,653,277
2.1
68.639,868
+ 24.8
Arthur.!
Wichita
:
,
*
445,599
+ 33.8
1,915,371
.
*
+ 31.0
104,904,956
Worth
Port
+ 32.8
5,664,083
—
7,589,648
+ 11.6
13,827,815
840,683,591
...
Houston....!..^,
559,173
505,012
63,298.017
.
+ 20.4
17,254,121
Galveston
«
,
547,682
36,623,470
35,036,621
•
+ 10.2
1,101,207,030
El
1945
$
District—Dallas-
Lexas—Austin..
Beaumont
1946
.
7,578,553
957,721,497
32,079,585
139,754,567
Denver...
(15
,
■
3,727,380
+ 20.8
2olo.—Colorado Springs—
Total
V
or
Dec. %
1,562,830
50,748,598
—
Okla.—Tuisa—___
<
+
+ 31.3
7,445,785
1,305,209,697
1,577,127,429
Joseph
Inc.
670,488
6,269,024
City
Carthage
Eleventh
v
1,522,523
26,483,061
972,368
18,556,317
.
56,983,731
Kansas
St.
$
+34.9
'
2.257,470
1,999,603
Mo.—Joplin___
•
1947
$
+ 21.2
28,969,458
v-Wichita
.
1948
$
■+"9.4
■
482,383,340
2.290,543
Parsons
Topeka
.
Week Ended February 7-
1945
$
Hastings.:
*V Lincoln
,
45
City
ieb.—Fremont
-
■1947
$
Tenth
(785)
Month of January-
liabilities of reporting
Company
Acme
Steel
Aluminum
$3.75
Co.
Co.
American
737J/2c
3.90%
3-1
2-20
3-10
2-20
933/4c
Corp
50c
(Newark,
N.
Foundry,
common
J.)
(s-a)_
Extra
•
4-
1
3-10
2-28
2-11
25c
4-1
3
1
10c
American Machine
American
3-1
4-1
3-12
50c
common
(quar.)
Aggregates
Insurance
4-1
$1
America,
preferred
American
Holdert
Payable of Rec.
762l/2c
(quar.)
of
When
Share
Abitibi Power & Paper Co, Ltd.—
$1.50 preferred (quar.)
$2.50 prior preferred (quar.)
&
preferred
Woolen
$4
convertible
7%
preferred
common
(quar.)
4-15
3-15
$1
(quar.)
3-15
>
3-31
2-27
2-27
$1.75
—
Power
2-27
$150
(quar.)
Applied Arts Corp
Arkansas-Missouri
3-1
3-10
97l/2c
(quar.)
Co.,
preferred
4-1
20c
Corp.
(quar.)
4-15
4-
10c
3-31
3-10
25c
3-15
2-28
1
THE COMMERCIAL
(786)
46
Per
of Company
Name
Armour
Co.,
&
(quar.)
common
30c
______
preferred (que.r.i
$6 prior
$1.50
.
Imperial Diesel Engine Co.—
A preferred
(quar.)
;
Auto Electric Service, Ltd., com.
(interim)
Class
A
(quar.)._
____
Automotive Gear Works, common (quar.)—
$1.05
convertible preferred (quar.)_
4-14
3-15
4-
3-10
1
Hart-Carter
Corp.,
D.
common—
;
_
Heileman
3-15
2-21
Hibbard
3-15
2-21
Monthly
3-
2-20
Monthly
41'Ac
12'Ac
$1.12'A
30c
$1.50
24c
3-
1
2-20
Hinde
3-
1
2-18
Quarterly
Hobart
Manufacturing
Honolulu
Oil
Corp. '
~
preferred (quar.)—_
Inc. (quar.).
—
Balfour Building, Inc.
(increased quar.)—
Banco De Los Andes, American shares
(B. T.),
40c
$1.75
$1
Hydro-Electric Co., common (quar.).
Bangor
preferred
preferred
7%
47c
(quar.)——
(quar.)
Inc. (quar.).
50c
Eelden Mfg. Co. (quar.)30c
Belknap Hardware & Mfg. —
15c
Bell & Gossett Co. (quar.)—
15c
Berhoff
Brewing
Corp
•_
—
25c
Bibb Mfg.
Co.
(quar.)
a—
—
50c
Mills,
Beaunit
$1
Carpet,
preferred (quar.)
6%
$1
$1.50
(quar.)..
common
—
&
Boston
Annual
deposit receipts ord. (interim)—
American deposit receipts ord.
(final).—
American dep. receipts ord. leg. (interim)
American deposit receipts ord. reg. (final)
American
deposit receipts for
5%
pfd.
(quar. 1
__
...
class A (quar.)—
—
Forge Co., common (quar.)..
convertible preferred (quar.)
Camden
5>A%
2-20
3-
2-17
3-
2-11
3-
2-16
3-16
3-
4-
1
3-21
4-
1
3-21
3-
1
2-20
3-
1
2-20
Refrigerating & Terminals Co.—
5%
preferred (s-a)
Camden Forge Co., common (quar.)
51/2 % convertible preferred (quar,)
Canada & Dominion Sugar, Ltd
Canada Foundries & Forgings, Ltd.—
Class
B
Class
(Philip) Mfg. Co.,
preferred (quar.)
Carey
5%
Co.,
&
Carman
preference (quar.)
(quar.)
$3
Corp.,
Chicago
Rivet
& Machine
Corp. —
'Cincinnati Inter-Terminal RR.
Chrysler
—-
2
(increased s-a)
Class
(accum.)
A
Deerfield
Delaware
Floor
Lincoln
Dr.
Corp.,
Pepper
Quarterly
7
Dominion
Extra
4-7
2-26
3-
2-19
Lincoln
preferred (quar.)—!
& Mudge, Ltd., com. (initial quar.)
$1 convertible class A (quar.).
—
Douglas (W. L.) Shoe—
$1 convertible prior preference
Edison
1
2-10
5%
3 10
2-25
Ludlow
(Thomas
Non-voting
61/2%
A.),
class
preferred
2-27
2-17
Macwhyte
2-28
2-16
Marconi
3-15
2-25
3-
1
2-20
Master
Fanny
Farmer
Fort
&
Wayne
4-
1
3-20
May
3-31
3-15
3-
1
2-20
4-
1
3-20
3-
1
2-10
Gair
Co.,
pfd.
.___
Gleaner
Harvester
National
National
2-18
1
Nehi
3-
1
convertible preferred
4Va'/b
Goldblatt
$2.50
Inc.,
Bros.,
preferred
(quar.)
—
(resumed)
common
__
(quar.),
—
.•
Ltd., class A (quar.)
Gordon Mackay Stores,
Class
B
iquar.)__
——i—
■
Special
Grafton
&
—
Co.,
Grand Stores
5%
Great
American
Northern
States
$4.40
1
Paper Co.
Utilities,
preferred
(N.
Y.)
(quar.)
(quar.)
(quar.)
_'
,
2-
4
4-
3-
4-
3-16
3-
3-
4
4-
3-
2
3-29
3-15
3-
1
2-16
3-
1
2-16
3-15
3-
Tube
3-29
3-15
3-15
3-
3-31
3-15
Ontario
Mfg.
3-
2-13
Ottawa
Light Heat &
2-18
Common
1
2-16
5%
3-
3-10
2-27
4-15
3-22
Otter
4-
1
2 25
3-
5
Tail
Power
Palestine
1
2-21
Pantepec Oil
3-
1
2-16
American
3-
2
2-20
3-
2
2-20
3-
1
2-18
3-
1
2-14
4'A%
4-
1
3-18
Permutit
Parker
4-
1
3-18
Pfizer
pfd.
3-15
3-10
3-10
Pittsburgh
(quar.)
com.
1
2-16
2-24
3-10
2-27
7%
3-10
2-27
Plastics
3-15
3-
2-17
3-
3-15
3-
3-31
3-12
3-
1
2-16
3-
2
1
common
1
2-20
3-15
3-
1
3-15
3-
1
3-15
3-
1
2-14
1
3-10
3-
1
3- 2
2-20
3-10
2-23
4-1
3-20
$1.25
25c
30c
60c
4-1
3-20
2-27
2-20
3-20
33-
1
35c
56'Ac
12'Ac
62'/ac
$12'Ac
$12'Ac
4-1
3-
5
4-
3-
5
1
7%
2nd
preferred
1
7%
2nd
preferred
1
3-10
Seeman
1
3-10
Shellmar
2-16
3-15
2-16
3-15
2-16
3-15
2-25
4-15
3-
12'Ac
2-15
1-31
10c
3-15
1
2-20
Valley
3-
1
3-15
4-21
3-1
preferred
(Louis)
Allis
(quar.)
Corp.,
3-
1
2-20
3-
1
3-12
3-
2-25
1
3-15
4-
4-
3-10
54-
6-15
(quar.)
104-
3-15
7-
6-15
10-
Co.
common
(quar.)
of Canada,
2-16
2-
15c
4? I
3-10
1
American
3-10
2-20
75c
3-12
$7c
3-15
3-
25c
4
25c
Arch Co.
Automobile
Eox
American
Business Shares
Can
25c
3-
3-
3-15
75C
1
Co.,
preferred
5%
2-24
2-27
2-
3-
2-16
3-15
1
2
3-
1
&
City
(quar.)
(quar.)_
Home
Products
preferred
Metal
American
preferred
Co.,
American
American
1-22*
3-18*
3- 5
3-5
3-15
3-15
3-16
3-11
3-11
3- 1
3-1;
2-33
2-18
'
3-15
4-15
2-18
2-18
2-28
3-31
3-15 *
2-11
3-15:
2-11
4-1
3-1
3-1
3- 1
3-4
2-6
2-6
2- 9
3-12
25c
____
$1.18%
50c
62'Ac
75c
•
75c
10c
2c
$2
•.
(monthly)
2r26*
Ltd.,
:
——
Molasses
Co.,
$1.50
common
,
(quar.)
——
$4
preferred A (quar.)
Pulley Co. (Increased)
Amer. Radiator & Standard Sanitary Corp.—
Re-Insurance
Common
6-22
.
3- 5
37-'Ac
$1
30c
-
•
2-10
3- 2
'3-15H -. '3- 1
3-l£>,,
3- I
2-16
1-30
f
, '
2-27
3-15 %
,
.
20c
Co.
(increased)™-
3-31
,*.2-2?
2-20
30c
3- 1
2-16
2- 6
20%
(quar.)
preferred
2-15
12-29
Mill Co.
(stock
dividend)
50c
(cash dividend)
%
3-10
American
VI
•2-16
American
Shipbuilding
American
$1
37'Ac
.
! 3-22
7- 2
$1.75
Common
Common
4-5
^
.
Chemical, cl. A (quar.)_
American
American
2-19
2-19
2-18
(3-15
,
______—______—
Potash &
B
3-13
3- I
3-10,,!
;
25c
& Transportation—
;2-l3
-
10c
Increased
American
37 1
4- Jl
3- 1
25'A
10c
(bi-monthly)
Petroleum
American
~
-
25c
common.
2-13
2-25 ;
2-15
3-1. ,,2-5
3- 1
30o
SlVtc
—______
Common
American News Co.
American Smelting
3-20
2-16
4- 1
3-15
(stock dividend)
Meter Co.
3-10
40c
2-15
2-10
2-5
50c
4'Ac
75c T
(quar.)
2-20
$0.2656
2-16
2-20
•.
—-
quar.)
(quar.)-
2-20
pfd.__
f
-
■
■
(quar.)
(increased
Common
12
(Irreg.)—_
:
3- 1
3- 2
Hydraulics, Inc.
(monthly)
American Indemnity Co. (Balt.)__l;
American Investment Co. of Illinois—
3-24
3-
2-44
2-6
Hide & Leather—
convertible preferred
American
7%
2-15
3-10
3- 5
3- 1
2-28
2-20
American
6%
3-15
2-16
2-20
2-20
3- 4
2-17
1-31
3-16*
2-21
__.
common)
(quar.)
General Corp., $2 preferred (quar.)
preferred
*
$1,12'A
"
(quar.)
dividend)
3-12
10c
$1.50
(accum.)
preferred
$2.50
2- 9
2-15
4- 1
3- 1
3- 1
3- 1
3-31
3- 5
50c
30c
$1.50
$1.75
12'Ac
30c
Electric,
preferred
American
3-22
1-30
2- &
2- 9
2- 9
$1.25
i
dividend(2/100ths share of Atlantic
Stock
3- 1
3- 1
3- 1
3-31
3- 1
2-18
2-16
2-15
$1.75
35c 1
Hoe, common
(cash
3-10
2-20
3-15
3-15
3-15
2-4
__
(quar.)
4'A% preferred (quar.)
Gas & Electric—
2-18
1
(quar.)
Ltd,
American
5%
4- 1
3-15
\
4- 1
3-15
(quar.)
common
(quar.)
Factors,
Fork
/ . 2- 5 J
2- 2
3-1
-
preferred (accum.)
Forging & Socket
6%
2-16
30c
American
$3
2-16
87'Ac
25c
,v
(quar.)
(quar.)—
(irreg.)
American & Foreign Power, $6 pfd.
$7
Payable of Reo,
20c
15c
(incrd.)
Co.
(quar.)
Cable, common
Chicle Co.
American
Holderi
When
v
—,
&
preferred
American
2-20
$1.50
Extra
1
$25o
Insurance
Board Co.
American Chain
3-15
$1.25
1v--_-
2 20
3-30
v
preferred (quar.)_
(irreg.)—
—_—t
American
Class
$1.10
—
—
6-17
1
Inc.—
American
7%
A;/:
(initial)
Industries
Airlines,
American
Ltd.—
(quar.)
(irreg.)
convertible
3'A%
3-10
4-
29 lie
6
;
Mfg.
American Rolling
(quar.)
1
4-
40c;A
81'Ac
30c
,
25c
$$2
(quar.)—
(quar.);
(quar.)
Cement
Goods
Aluminum
9-15
25c
(quar.)
7-
25c>
$1
35c
15c
^
(quar.)
pfd.
Mfg. Co.,
preferred
4%
9-15
$1.75
—
3-25
$1
37'Ac
T
Aluminum
3-15
7-
$1.75
common
r____
—:—«?,
convertible preferred
Aluminum
4-15
$1.75
*
2-25
4-10
$1.25
$12c
30c
(quar.)
Aluminium, Ltd.
5
2-10
$1.75
!~
5
2-
3-15
20c
25c'
15c
(quar.)
Co.
Portland
Alpha
2-27
1
$1.75
A—
2-16
3-10
$25c
$$1.25
______
________—
Alloy Cast Steel Co.
2-19
4-
(quar.)
Co., common.-
Extra
Allis-Chalmers
2-20
$1.75
—A-—.
1
25c ;'
quar.)
Inc.
4%
2-20
2
3-
Publishing—
Pattern Co.
Laboratories,
Stores
2-18*
50c
Corp.
Singer Manufacturing
2-25
3-25
2- 9
$1
> 2-24
50c
Co
& Refining
2-28
" 2- 6
50c
3-15
2-27
53'Ac
4-1
3-12
,
(
3-
1
2-20
Sloss-Sheffield
25c
3-15
2-19
Southern
$1.10
3-15
2-19
4%
2-10
30c
Water
Simnions-Boardman
Simplicity
3-15
1
% 12'Ac
Inc.
Products
conv.
3-31
3-
—
(quar.)
Iquar.)
5% pfd. (quar.)__
Signal Royalties Co. class A (quar.)__.
$3
2-26
90c
(quar.)
Brothers,
Shenango
3-19
$14
Joseph Lead Co. (increased)——!
St. Regis Paper Co.—
4.40%;
1st preferred series A (quar.)
San Antonio Gold Mines, Ltd.—_—
4-
2-20
3-11
87'Ac
St.
4-
1
3-27
3-
15c
(quar.)
5
2-15
25c
Allied
5
133Ac
—
preferred
Co.
Allied
4%%
__—_____
2nd preferred (quar.)
Mfg. Co.
Robertshaw-Fulton Controls,
3-15
3-
$1.75
—
3-20
20c
preferred (quar.)
Engineering, common
(irreg.
(increased
Corp.
Kid
Allied
Common
1
3-
1
3-
Share
class A (quar.)_
Refineries, Ltd.—
Sugar
Standard
American
7 %
Risdon
434%
3-15
15c
—
3-15
3-15
4-
i; 1
preferred (quar.)
Agnew-Surpass Shoe Stores, Ltd.
Allianceware, Inc. (quar.)
2-14
3-22
$1.25
(quar.)
(quar.)
3-15
20c
75c
3-20
1st
(quar.)
(quar.)
7%
2-14
2-27
4-15
Ry.—
1st pfd.
preferred
preferred
5
2-27
America—
of
3-25
3-
convertible
5%
Corp.—
Mfg.
(quar.)
Rice-Stix Dry Goods, common
7%
1st preferred
(quar.)
1st
2-20
5c
preferred
7%
1
5
25c
!-
(quar.)
5%
American
,(quar.)
Republic Insurance Co. of Texas iquar.)
Reymer & Brothers (quar.)_
Reynolds (R. J.) Tobacco Co.—
3.6%
3-
87'Ac
(s-a)__
pfd.
(quar.)
Corp.
Utilities
conv.
64c
50c
5'A% conv. 1st pfd. (quar.)
Prentice-Hall, Inc. new com. (initial)
Providence & Worcester
RR
$3.50
1-20
2-
20c
(quar.)^L.-
(quar.)
Materials
Corp.
2
2-25
&
preferred
Radio
2-
$1.50
-
Co.,
&
Coke
Preferred
5
—
2-5
we
Ball <te Roller Bearing
Aetna
2-15
$2
—
—
(increased)
Chemical—
$5 conv. pfd. (quar.)_
Pittsburgh Screw & Bolt_
Pittsburgh Youngstown & Ashtabula
3-
2-14
$2
preferred (quar.)
Co. 5% non-cum.
3'A r/<
1
1
50c
Philadelphia
1
2-28
3-
$1.37'A
.
3-1
2-20
1
Co
Door
American
/■
(quar.)
(Charles)
1
3-10
3-
$1
-
(increased)
——
4-
1
$1.25
(quar.)
(quar.)___
Corp.
Telephone Corp.
preferred
4-15
1
3-
90c
-
4-
3-
1
of Venezuela—
Co.
Co.
1
4-
60c
com
Light Co. 5%
Co.
Pen
4-
$1
shares
Extra
(Minn.)
Co.
(quar.)
Peoples Gas Light & Coke__
3-15
$12'Ac
$15c
Economic
3-
1
$$1.25
Co
&
2-27
3-
Ltd.—
Power,
(quar.)
Power
Lumber
Pacific
3-10
3-15
50c
—
—
—
pfd.
A preferential partic
preferred (quar.)
5%
3'A%
(quar.)
$3.60 preferred
3-10*
(irreg.)
Co.__;
preferred
2-10
(quar.)
Co.
3-15
25c
(quar.)
7%
Class
Aetna
1
3-15
O'okiep Copper Co., Ltd.—
Ordinary shares (a payment of 2s 6d, or
46'Ac after South Africa tax deduction)
Manufacturing Co.
1
4-
4-15
5-
Extra
50c
Ohio
2-25
tSD
20c
Oak
1
00
$1
3-24
1
1
$1
3-24
5-24
Vending Corp
Title & Mortgage,
Alberton
4-
.
1
Steel
Acadia-Atlantic
2-14
4-
50c
ap¬
1
2-23
6-10
$1.37'A
50c
20c
$1.75
li___—
Name of Company
Co.—
Water
3-9
2-23
preceding table.
2-10
preferred (quar.)
preferred (s-a)
2-1?
give the dividends announced in previous
paid. The list does not include divi¬
dends announced this week, these being given in the
5
3-
—
50c
(quar.)
common
SEC
to
2-16
2-27
being
issue
Inc
Abstract
25c
___•
3-10
3-10
Co.__:
(R.)
Below
ABC
Co. for each
(Subject
held.
—
2-24
Per
three
of
2-27
3-10
2-14
$40c
4-
10c
.___——
Indemnity
dividend
com
4-
10c
Potomac Electric
Seamless
9
3-
prior
$2
2-14
3-
4-
...—
_
Liquidating
Northeastern
$4
2-25
3-
3-
4-
(quar.)
Co.
1
3-
1
4-
weeks and not yet
$1
4-
$25c
(quar.)
(quar.)
(quar.)
preferred
Great
Gulf
Ltd., class A
Co., common
Co
Newburgh
shares
2-28
4-
Niagara Wire Weaving (increased quar.)
North American Co. (cash dividend)
100
2-28
60c
2-24
2-27
3-15
3-31
4-
(quar.)
2-28
proval).
2-24
$1.25
pfd.
3-15
2-17
1
3-12
3-12
50c
3-12
shares of
3-
25c
Co
J.)
2-14
$1.12'A
4%
Steel
1
50c
Storage Warehouse
(J.
3-
3-
20c
j>
3-12
40c
Works
Lothrop,
Youngstown
$1.25
(quar.)
&
Wurlitzer
50c
__
11-10
1
3-12
$1.75
(quar.)
(quar.)
common
Insurance
2-16
1
25c
Co.
Co.,
Bedford
1
3-
50c
Jersey Power & Light,
1
3-22
3-12
35c
common
New
3-
3-31
30c
^
Co.,
New
3-
Woodward
$1
New
Partial
1
$1.75
com.
8-1G
11-15
15c
$50c
50c
$1.25
75c
common
redemption on May
for
common
Co.,
5-10)
8-16
75c
Corp.,
(this
preferred
conv.
called
Products,
(quar.)
Mills
Life
5'A%
Machine
1
2-16
2-25
Whitin
& Mfg.
2-10).
5-15
62'Ac
50c
62'Ac
(quar.)
Willson
1
7-20
3-10
preferred
5%
3-
3-
1
2-16
2-18
2-14
1
2-14
3-10
(quar.)
Corp.
3-
5
2-27
1
Hardware
Supply
8-
3-
Stationery
&
3-
.
__—
(extra)
Tablet
Western
3-10
(quar.)
______—
(initial)
(quar.)
Products
Westeel
5
10c
Standard
Newberry
3-
preferred
convertible
3-31
(quar.)
Mining
World
2-11
3-15
3-20)
2-14
3-10
(quav.)
$3 convertible preference
Utilities Corp.—
35c
preferred * (quai'.)
4'A%
2-12
1
Western
25c
5%
3-16
2-19
2-19
(quar.)
•.
25c
Service
Carpet
3-16
1
3-1
3-20
4-
$1
$2
$2
50c
$12c
25c
Co., class A (quar.)—__—__—
(Northam)
Corp.—
Warren
60c
,
Public
preferred
$4
$1.75
'
(quar.)—
10-23
1
50c
&
(quar.)
3-31
3-31
common
11-1
2-24
4-
$5
.
(quar.)
2-23
3-
.....
Co.,
Walker
6
75c
preferred
4% preferred (quar.)
Virginian
Visking Corp.
7-24
3-
50c
75c
-
Wheeling & Lake Erie Ry.,
__—_
3-31
3-16
(quar.)
4-23
5%
preferred (quar.)
Murray-Ohio Mfg. Co. (increased)
15c
31'Ac
(quar.)
3-
1
1
Communica¬
(final)™
2-19
1
50c
Stores, class A
Railway
(quar.)
5-
3-
2-14
—
Ltd.
2-20
Co.—
preferred
Co.,
2-28
2-28
2-28
1
(quar.)_r
Dare
3-15
$1.75
(quar.)
Co.
1
Mfg.
8-
12'Ac
—
Minnesota
(initial),.
Extra
•Glidden
Virginia
2-28
3-10
3-10
;
non-cum.
3-10
3-15
3-
United Wallpaper, Inc.,
6 7c
2-27
3-
Rubber
Tire &
Viceroy
2-21
30c
2-29
$:$1
37'Ac
(quar.)
General Dry Batteries (irreg.) ____—=___ —
General Fireproofing Co., com.
(irreg.)
7% preferred
(quar.)
A
—
General Industries, 5%
preferred (quar.)„
General
2-25
3-15
8%
1
2-20
3-15
$1
Co._
non-cum.
1
3-20
$
3-
Co., common
30c
2-29
preferred (quar.)
(quar.)———
preferred
convertible
5c/e
3-15
(quar.)
3-15
14c
Paper....
common
3-
$1
3-15
$2.75
25c
(s-a)—
Supply,
3-1
3-15
Co. (quar.)
Milwaukee Gas Light Co., T/c pfd. A (quar.)
10c
Builders
General
Blanke
Extra
31'Ac
(quar.)
Investors
Ltd., 4%
Container
3-15
8%
25c
Marine
Corp.,
preferred
Meyer
28c
37'Ac
.
(quar.)—
Co.
.Gaylord
Thermit
&
T/c
Jackson RR. Co.—
Corrugated
Wayne
Fundamental
Gabriel
$1.25 conv.
2-5
$$4.25
McEwen Kaiser Co.
Publishing Co.
Metal
Rubber
40c
(quar.)
Co.
Guarantee
3-
4
2-14
1
quar.
S.
2-15
(quar.)
Insurance
S.
4-15
1
(quar.)
Co.
2-25
1
4-
(irreg.)
Corp.
2-
5-
3-31
Carbon
&
U.
$1.50
(increased)
Meredith
100%
——
preferred
5'A%
Fort
,
(quar.)
Federal Electric Co.,
2-18
Corp.—
ordinary registered
Ltd.,
25c
25c
A,
Electric (quar.)
Candy Shops, Inc.
District
Empire
1
(quar.)
Co.
Electric
20c
B
dividend
Stock
4-
(accum.)
International
tions.
Radio & Phonograph—
Emerson
Increased
$1.75
Mfg. & Sales Co.
50c
(s-a)
(quar.)—,
class
Inc.,
2-17
(quar.)____
Investment
preferred
$1.62'A
Chemicals
&
1
(quar.)
2-27
t$1.75
$25c
$25c
7%
Plastics
Insurance
common
Canadian
Peoples
DonneU
Durez
Stores,
7% ' preferred
London
$15c
$15c
(quar.)
—
——
3-
__________
$87'Ac
(quar.)_
Ltd., com,
Elastic
United Pacific
30c
(Western),
Cartons
&
preferred
7 f/c
Ltd.,
Dominion Textile Co.,
United
2-17
2-26
25c
$1
15c
common
Co.
Envelope
3-15
1
30c
Life
1
20c
15c
60c
(quar.)
(quar.)
Inc.
Yard Co.
Carbon
1
3-
(quar.)__—
Inc.
Y.,
N.
of
National
4-
t40c
(quar.)_
(reduced)—
preferred
4%
Fabrics
Pacific
(initial)
Products,
Denver Union Stock
United
4-
$2.50
(quar.)
Liberty
Corp.—
_
Co.
Glassine
Dictaphone
(quar.)
preferred
A
preferred
30c
40c
$10
$15c
20c
$1.31'A
—
Ltd. (initial quar.)
Dubilier Electric, common
International
3-15
$1.37'A
$1.25
Co.,
series
1
Co.
Corp.
Carbide
U.
25c
—
(quar.)
Continental Assurance Co. (quar.)
Continental Casualty Co. (quar.)
Cork
4-
Bakery—
&
62'Ac
" preferred
(quar.)—
Co., $2.50 preferred
$5.25
Union
$1.12'A
(quar.)
preferred
Restaurant
25c
Consumers
Crown
Underwood
3 7'Ac
$3.50
(quar.)
Clutch
Disc
25c
Moore-Handley
37'Ac
—
Twin
2-27
—
2-26
4-
5-
6
4-17
(quar.)
2-26
3-
3-
3 7'Ac
7
.
3-20
(quar.)
(Dallas)
.-2-4':«.
3-12
$12'Ac
25c
35c
50c
25c
25c
25c
25c
25c
Quarterly
—
7
1
Inc.,
common
preferred (quar.).
Trinity Universal Insurance
Quarterly
Quarterly
'
2-11
ll'Ac
(interim)
Producing
1
(quar.)
common
—
Co
Brewing
Gulf
3-10
60c
4-
3-
Cornell
60c
(quar.)__
Co.,
Co.
4%
933Ac
4-
2-26
Mills
5
preferred
2-26
3-15
Cooksville
3-
3-15
B
(quar.)^
Textiles,
3-30
1
2-26
3-15
Continental
5
4-
5'A %
3-15
5 %
3-
$1.50
Mohawk
10c
—
common
3-30
Kinney Mfg.
50c
Consolidated Grocers Corp.,
75c
(accum.)
$4.50
$1.25
(s-a)
Texas
5
25c
(quar.)__i__
preferred
Tennessee
2-27
3-15
Class
V 5% preferred (quar.)
Congoleum-Nairn, Inc.
(increased)
Consolidated Dry Goods Co., common (quar.)
7%
2-13
1
2-27
35c
$1
common—
common
1
3-10
4-
Kendall
2-26
Equipment Co.,
3-
3-
$1.62 "A
2-27
$2
preferred
Clark
,
3-15
25c
3-15
7
Co.—
(s-a)—
Cincinnati Milling Machine Co.,
4% preferred (quar.)
City Title Insurance (extra)
4%
3-20
1
1
25c
20c
75c
25c
$1
Corp.
Chicago
3-30
8
4-
1
$$1.75
preferred (accum.)
(quar.)
Co.
Soya
2-20
3-
(quar.)_
7
3-
2-11
(quar.)
-
Fuller
&
20c
4-
3-31
1
-
(quar.)
Storkline Furniture Corp.
(quar.)
Sunshine Mining Co.
(increased quar.)
Sylvanite Gold Mines, Ltd. (quar.)
Taylor Pearson & Carson, Ltd.—•
5% convertible preferred (quar.))
Power—
&
4-
12(Ac
$1.06'A
(quar.)
preferred
Cassidy's, Ltd., 7%
Central
**
common
4 >/» %
Charis
(quar.)..
common
A
Baer
$1
$75c
Co.
Pacific Ry.
Canadian
3-
Stix
3-15
—
4-
$25c
$$1.12 >A
2-28
50c
(quar.)
35c
$1.25
(quar.)
Ltd.. com.
convertible class A (quar.)
41/2%
preference (quar.)
$1
1
$1.75
Michigan
—
Products,
Food
Canadian
4-
3-20
(quar.)
Light
2-16
4-20
$1.12'A
Machinery
Paper Co.,
common
—
—
(quar.)
Staley (A. E.) Mfg. Co. com.
$3.75 'preferred
(quar.)J
Standard Oil Co. of Kentucky
2-17
2-27
3-26
4-30
& Sons
R.i
preferred
$1
4-
*
$4
(E.
20c
Co., common
non-cum.'preferred (quar.)
Lanett Bleachery & Dye Works (quar.)
Leslie
Salt
Co.
(quar.)
3-15
2-25
(quar.)
Joy Mfg. Co.
(quar.)___
Kelsey-Hayes Wheel, class A
4-20
$$1
$25c
$183/4C
3-15
(accum.)
33A %
5-20
15c
343«c
$20c
Ltd., class A
Wire &
(quar.)
6%
4-20
$2.50
Squibb
20C
Cigar
Electric
Kcnts
3-
2-20
preferred C ((accum.)
Jewel Tea Co., Inc., common (quar.)_.l
4
5-20
$37'Ac
(quar.)
—
Cable Co.,
A
Co.
Water
&
preferred A
6'A%
preferred
2-
1
1
—
Holden
%
2-11
$2
$2
25c
$1
40c
94c
35c
15c
25c
25c
15c
(quar.)
—
Extra
(quar.)
(quar.)
T/c
2-16
4-
3-
Extra
*
Payable of Rec.
Share
of Company
Mills
Spartan
$25c
(quar.)
Co.
Gas
preferred
Iowa
2-16
of Canada, Ltd—
2-28
3-
Camden
Canada
Sound
$4
1
25c
common
preferred
International
3-31
$1.10
25c
45c
50c
11c
15c
343sC
Inc.
Dry Dock,
Burrard
3-
2-20
a2'A%
a2'A%
25c
registered (s-a) —_—
preferred registered (s-a)
Co
International
2-20
Is
Is
Is
Is
5 %
Poige
Indiana
3-10
Howe
3-
25c
_
r—
$6
American
Bullock's,
1
3-10
1
4-
2-1.4
British-American Tobacco Co., Ltd.—
Buffalo
4-
4-
1
$30c
:
Extra
Boyertown Burial Casket Co.
Brooklyn Borough Gas Co.—
4.40%
preferred (quar.)a
Buffalo Bolt Co.
(quar.)
4-20
Co.,
4'A%
$60c
—
————
——
1
1
of Vancouver Ltd.—
Brewers & Distillers
3-
1
,$2
(quar.)
$2.75 preferred
Inc.,
3-10
3-
$1.05
preferred
Bourjois,
2-28
68'V.ic
Black Hills Power &
$4.20
3-10
2-13
Hoover
2-16
25c
—1
1
4-
3-
20c
30c
(quar.).
____:
Light, common (quar.).
(quar.)
——
Albany RR..
Co.
Black-Clawson
2-18
3-1
(monthly)
Co.
&
Dauch Paper Co.
&
(irreg.)
Co.
Spencer, Bartlett
*
Extra
Bigelow Sanford
1
Brewing
(G.)
1
50c
(quar.)
3-16
25c
prior
4V2%'
Babbitt
Bakeries
Hathaway
,
3-
15c
(quar.)
_______
When
per
Name
Payable of Reo,
50c
25c
preferred
$2
3 31
56Vic
$10c
$12'Ac
Series
V.
Co.,
(Irreg.)
Common
Atlas
E.
Share
Name of Company
Holdert
When
Per
Holdert
When
Share Payable of Reo,
,
Monday, February 16, 1948
CHRONICLE
FINANCIAL
&
Steel
&
Iron
Co.
California Water Co.
preferred
(quar.)
4'A%
25c
3:
3-; l
it -2-16
.i
4'A%.
Steel
Foundries
Thermos
preferred
Bottle
(quar.)
(quar.)
;
Co.—
1
,.,■
A
:■
»
Per
Share
■
Name of Company
>:
,
American Tobacco Co., common
B
3- 1
—
1
2-10
2-10
3-
2-10
Co., common
Ltd. com.
(quar.)
preference (quar.)
conv.
Armstrong
$3.75
$4
Cork 'Co.,
preferred
Artloom
Oil
4'A%
Canadian Oil
Canadian
Silk
Tire Corp., Ltd.
(quar.)____
Utilities, Ltd., 5% pfd. (quar.)__
Western. Lumber Co.—
2nd
:
(quar.)_
(quar.)
preferred (quar.)
Atchison Topeka & Santa Fe Ry. com
Atlanta Gas Light Co., common (quar.)—
4'A%
preferred
(quar.)..—.;
Atlantic
Coast
Atlantic
Refining
Atlas
Powder
Atlas
Tack
Autocar
RR.
Co.
(quar.)
(quar.)
Co.
'
Co
Corp.
Gold
Aunor
5
Line
series
5%
5%
Automatic
Avondale
Ayshire
A
preferred
&
Co.
1-31
Case
1
3-
1
1-31
3-30
3-15
'
Caterpillar
3-15
3-
1
Central
3-15
3-
1
3-
2-18
3-
1
2-13
2-13
50c
3-10
2-13
1-30
7 c!o
Century
2-26
Certain-teed
(quar.)—
(irreg.)
;.»w
1
2-16
3- 1
4- 9
3- 1
2-14
3-25
Chesapeake Corp. of Virginia——
Chestervilie Mines, Ltd. (interim)
Chestnut Hill RR.
(quar.)
2-13
2-28
2-16
Chile
3-1
3-6
3- 1
2-15
2-16
preferred
prior
Cincinnati
Blauner's
1-30
1-30
2-14
2-14
4
2-28
2-
3
1-31
3- 1
3- 1
2-16
3- 1
3- 1
3-15
2-14
2-17
2
2-
2-15
2-15
2-16
$3
Blaw-Knox
Co.
Blumenthal
(Sidney)
Bohack
C.)
(H.
Co.
Mfg.
Co., 7%
Celanese,
3-1
62'Ac
40c
93%c
3-10
3-2
4-15
—
—
(year-end)
receipts
—
Class
(s-a)
B
—_——
Motor
Bigelow
Co.
——
(initial)
Rubber'Co., Inc. (resumed)
Shoe Co., common (quar.)
&
Brown
Brown
$3.60
Bruck
;
—.
preferred
iquar.)
Silk Mills, Ltd. (quar.)_
Brunswick-Balke-Collender
Co.,
common—
$5
preferred
(quar.)
Buckeye Pipe Line Co
Buck Hill Falls Co.; (quar.)
Buell Die & Machine Co.
Bunker
trating Co.,
;
(quar.)
preferred (quar.)
Fund, Ltd.
(irreg.)
Hill & Sullivan Mining & Concen-
Butid Company,
Bullock
$5
common
Manufacturing
___
Burroughs Adding Machine
(quar.)_—_____
Burton-Dixie
Corp., (quar.)
Terminal Co. (stock dividend)
Brothers, 4V2.%
Butler
Calavera's
Land
Cotton
Timber
&
Mills
Corp
Co.
California Electric Power,
California
(quar.)__
com.
'
2
7
2-
1
3-
New common
$1.20
2-13
Cockshutt
1-30
2-16
3-
9
2-.20
Colonial
Colonial
2-16
4-
1
4%
Colorado
7
Columbia
Columbia
2-16
2-
5c
$1.25
20c
2-26
2-16
3-
2-17
(quar.)
B
2-28
Columbian Carbon Co.
Commoil,
Commercial
1
2-18
&
3-15
2-16
3-15
3-
4-
1
3-20
3-15
2-18
$6 preferred
SEC
1
2
7%
2-
3
Connecticut
3
3-
6
2-
7
3-
1
2-
6
Common
6%
Connohio
6
Consolidated
2-
6
Consolidated
Gas
Laundries
6
Consolidated
3-10
1-30
Consolidated
2-28
2-18
Consolidated
3-15
2-27
2-
3-
1
2-
4
Consumers
3-
1
2-11
Consumers
2-14
1-30
3-
5
2-13
3-15
2-20
3-15
2-14
$3.75
1-31
Cook
3-
1
$3
3-1
1
2-27
Ltd.
Canadian Car & Foundry
(quar.)
4-
Co., Ltd.—
Ordinary *(quar„)_—
$20c
2-23
1-29
$25c
$25c
2-23
3- 1
1-29
2-13
$75c
4-1
3-1
class
Canadian
(quar.)
Fairbanks-Morse, Ltd.
Canadian
Foreign
A
Investment
(quar.)
Corp.,
Ltd.—
..Quarterly,
.
.
Canadian-Ice Machine Co., Ltd.—
.
v
Class
A
(quar.)
*
Co.
t- \
3-15
1
2-10
3-
1
2-10
3-
1
2-
3-18
3-
4-
3-16
1-31
2-15
2-15'
1-31
6-
1
5-
of
N.
12-
1
11-
1
2-14
1-20
3-31
3-10
3-
2-17
2-23
2-
3-
2-18
1
1
3-
2
2-18
3-
2-20
1-20
3-10
2-13
2-25
2-11
9
3-25
3-10
2-15
1-15
4-
3-
3-12
1
Co.,
2-16
4-
1
3-20
4-
1
3-
3-
1
2-13
2-16
25c
3-
1
2-16
3-
1
2-19
2-28
$50c
62'Ac
3-15
50c
4-1
1-27
3-
*:
2-20
$1.12 "A
50c
2-
1
6
3-12
j
2-6
2-20
3-
$1
25c
1
2-20
3-15
'
4-
1
25c
3-
1
75c
3-
1
2-16
25c
3-31
3-19
(quar.)
(quar.)
(quar.)
Crown Cork & Seal, Ltd. (quar.)
Ltd.,
—
1
2-14
2-25
1-30
3-
1
2-10
3-15
2-10
$37'Ac
4-
$50c
(s-a)_
1
3-
■
1-15
5-14
4-15
3-
$$1.12'A
1
2-15
25c
4-15
4-.1
$1
4-15
4-
X
81'Ac
4-15
4-
I
15c
3-
1
2-19
75c
4-
1
3-19
30c
(quar.)
2-16
$25c
(quar.)_.
(irreg.)
(quar.)
2-
4-
1
3-23
30c
.•
3-10
2-20
4-
1
3-19
30c
2-14
1-31
$1
2-20
$1.12'A
2-10
preferred
Street
B
B
3-10
2-20
.
$1.50
3-
1
$1.50
6-
I
$1.50
9-
1
$1.50
4-15
$1.50
(accum.)
3-
1
3-
.1
—
(accum.)
Products, Ltd.
7-15
$1,25
$1.1428
pfd. A
$7
1-31
Ry.—
(accum.)
Corp.,
2-10
2-14
45c
(quar.)
A
2-20
SI
$15c
(quar.)__
2-14
Sugar Associates—
$5 pfd. ctfs.
Eastern
of beneficial interest
Utilities
Mfg. Co.
Associates
1-23
(accum.)
(quar.)
2- 0
(quar.)
2-
Eddy Paper Co., Ltd., class A (quar.)
Elastic Stop Nut Corp.
(irreg.)
Electric
Hose
Rubber
&
2-10
(quar.)
2-13
Corp. (interim)
Elgin National Watch Co. (quar.)___.;
Paso
Natural
4.10%
Gas
preferred
'A %
preferred
Co.,
5
2-10
Electrolux
4
G
50c
common
$1
Eastern Steel
El
1
2-16
$$1.12'/2
B
preferred
Eaton
2-2.
3-
$50c
common
States
Eastern
2-16
$30c
common
preferred
common
2-16
3-.16
i.quar.)_
3-15
(quar.)
2-18
(quar.)
2-18
Ely & Walker Dry Goods
Emerson Drug Co., 8% preferred (quar.)
Empire & Bay State Telegraph—
4%
guaranteed (quar.)—:
Empire District Electric. 5% pfd. (quar.)___
2-11*
3-15
$1
3-
1
2-19
$1.25
3-
1
2-13
Emsco Derrick & Equipment—
Common
(resumed)
25c
3-15
2-20
convertible preferred
convertible preferred
(quar.)
$1
4-26
3-31
(quar.)
$1
7-26
6-30
4%
convertible preferred
(quar.)
12-31
4%
Reinsurance
$1
(quar.)—
Equitable Life Insurance of Canada
(Ont.)
2-15
1-31
2-15
1-31
—
Increased
$50c
Equity Corp.,
$3
Erie Railroad
Co., 5%
preferred
conv.
pfd. A
(accum.)
2-20
75c
—
33-
1
(quar.)__
SI.25
6-
1
j
2-14
2-
1
$1.25
(quar.
.
6
2-13
preferred
5%
preferred A
(quar.)
SI.25
9-
1
8-13
5%
preferred A
(quar.)
SI.25
12-
1
11-15
65c
4-
1
3-10
50c
3-
1
2-14
SI
3-
1
2-14
Ex-Cell-O
Faber
A
Corp.
Coe
Fair
&
(quar.)
Gregg
(quar.)
3-15*
2-16
Fairbanks Morse & Co.
Quarterly
Farquhar
Federal
Federal
Firestone
$8c
3-
1
2-12
3-
1
2-12
Florida
3-
1
2-10
Flintkote
2-10*
50c
3-15
2-16
1-16
Firth
5%
of
Canada
(s-a)
2-20
5-
1
4-15
8-
1
7-15
pfd.
$$1
&
Rubber, 4 'A %
H.)
Corp.,
Co.,
(quar.)
3-
1
2-16
pfd.
3-10
2-27
3-15
2-27
3-
1
2-14
3-10
2-20
$1.12'A
30c
3-
1
2-
6*
$1.25
3-
1
2-
6*
25c
Dredge & Dock Co.
4%
common
preferred
8-13
40c
pfd.
(quar.)—
Co.
Connell
&
Power
2-12
2-12
8-16
.
30c
Stock Corp.
(M.
2-16
2-16
$S5
(accum.)
Corp
(s-a)
Co., common (quar.)
preferred (quar.)
Simons
$4
1
40c
Gas
Carpet
Fishman
Fitz
Tire
Bank
First
2-20*
$5Gc
3-16
3-10
50c
Corp
&
$25c
2-27
Co.
Ltd., 6'A%
Mogul
Water
$$1.25
2-27
4-
$$1
Grain,
1-30
25c
2-13
$25c
Federal
2-16
2-13
2-18
2-27
25c
50c
Insurance
Federal
3-19
2-16
(quar.)„
Semi-annual
3-31
3-1
Co.
;
Fire
$1.50
28l/eC
4'Ac
2- 7
1
Inc.—
Extra
2-
1
B.)
Quarterly
Quarterly
2-11
3-
1
3-
$2.50
:
(A.
Fashion Park,
3-31
3-15
3-
1834c
Falstaff Brewing Corp., new com. (initial)
&
Traders Life Ins.
(Syracuse)—
2r27
50c
$1.50
(quar.)
3-12
Farmers
2-27
6
5-14
25c
Fajardo Sugar Co. of Porto Rico
2-16
3-19
Chicago
(The)
40c
17'Ac
933Ac
1-25-49
50c
50c
Employers
25c
quar.)
___,
(initial)
2-15
(quar.)
Massachusetts
75c
(increased
convertible
1
1st preferred A (quar.)____;
1st preferred A (quar.)
preferred B (quar)
2-25*
933/4c
>
preferred
6
3-15
(quar.)
(quar.)
common
2-16
12'Ac
(quar.)
(quar.)
preferred (quar.)
Crown Capital Corp., class A (quar.)
Crown Cork & Seal Co., Inc.—
New
1
1
25c
Cribben & Sexton Co.—
4'A%
3-10
3-
3-
3-15
(quar.)
Co.__
3-
loc
5%
40c
(quar.)—
(quar.)
(quar.)——
common
12'Ac
Ltd.—•
Corp.,
Extra
Corp.
Products Co.
Co., 334%
1-31
10c
Investors, Ltd., class A
Corrugated Paper Box, Ltd., com. tquar.)__
5%
preferred-(quar.)
Corp.
2-25
3-15
$$1.50
56"4c
$1.50
Corporate
Cory
3-15
4
(quar.)
Phosphate
2-15
1
2-15
$1
(quar.)___
Y.
2-20
6%
1
2-24
3-10
(quar.)_
Eastern
-.3-15
1
6%
2-16
1
0
8-10
4-
common
1st
2-
.$$1.25
Co.,
Common
7
1
1
2-10
Co., common(quar.)_
preferred (quar.)
Corp.,
2-
39-
5
A
preferred
3-1
v
3-
Dwight Manufacturing Co. (irreg.)
Eagle Picher Co. (increased quar.)
2-13
5
3-' 1
0
2-25
(quar.)
preferred
6%
6%
2-
75c
(quar.)
Paper Co.,
Drug
6%
1
25c
Brothers, Ltd.
Eastern
0
3-
$15c
4>A%
preferred (quar.)
Dupuis Freres, 4.80% preferred (quar.)
Hosiery Mills, common A
3
2-
(quar.)
Durham
2-16
2-13
2-15
(quar.)
Co.
Utilities
$2.50 preferred
Power
$2 preferred
-
$20c
1
1
62'Ac
Stores, Ltd.
2nd
4%
1
50c
15c
Paper
Co.,
Wood
Inc.
Crane
Convertible
A
Coal
Edison
prior preferred
Coronet
Canadian Breweries,
1-20
$25c
75c
preferred (quar.)
& Varnish, common
2-14
2-14
2- 9
2-16
$$3.50
$15c
$50c
2-
Canada, Ltd.—
Paint
3-15
3- 1
2-16
preferred
2-21
2-20
(quar.i
prior preference (quar.)
Cooper-Bessemer Corp., common
Ltd. (quar.)
t50c
Canada Safeway, Ltd., 4'A% pfd. (quar.)— $$1.12'A
(quar.)
m2-10
3
3-
(quar.)_
preferred (quar.)
convertible preferred (quar.)
Dravo
2-16
3-
___
Cornell
Ltd.
2-
—
preferred (quar.)__
Container Corp. of America, common (quar.)
4%
preferred (quar.)
;
Continental Can Co., common (interim)
Coro,
Vinegars,
3-10
2-16
7%
3
5- 3
75c
(s-a)
(quar.)__
Extra
$4.50
3- 1
2-28
Co.,
3-31
Dow
11-
4%
Co.
(quar.)
Consumers Glass Co.. Ltd. (quar.)
$1.12'A
25c
35c
2-14
3-
$1.25
50c
(Toronto)—
common
of
2-
2-20
Canada Starch Co., Ltd., 7%
Bakeries
1
3-15
3-10
Canada
Inc.,
1
1
3-12
2
8-
11-15
75c
(s-a)
conv.
$3.25
8-16
37'Ac
(quar.)
(quar.)
preferred
Dominion
1
5-15
50c
Chemical
$4
2-16
Quarterly
3-20
Malting
Co.,
(quar.)
40c preferred
3-
3-
Dow
3-15
$4c
preferred
3-
1
Donohue
3-1
3-31
2-15
'Ac '
50c
50c
(quar.)
Dominion-Scottish Investments, Ltd.—
5% preference (accum.)
3-15
2-14
Ltd.—
(Del.)—-
(quar.)
Power
2- 5
•
;
;
Dominion Bridge, Ltd.
4'A%
2-
_____—
2-
preferred
5%
8-14
$3
1
Inc.
5-15
3-
approval)
preferred*(accum.)
2-16
(quar.)___.
Anglo Investment
1
Co.—
Telephone Co.—
$5
preferred
(quar.) _.
Community Public Service
Concord Gas Co. (New Hampshire)
50c
Sons
&
Corp.
&
1
(payment subject to
(accum.)
1
3-
Mfg.
Dominion
9-
3-
Corp..
Corp.
2-16
15c
30c
5%
Houses,
Dodge
6-
Commonwealth
50c
50c
Canada
Southern
2-1!)
(quar.)___
4'A %
12 'Ac
International
Commonwealth
A
2-14
7-17
50c
Quarterly
Commonwealth
3-10
Co., common
common
1
3-
+
4-15
Co.,
1
25c
_
Stamping
2-25
50c
(quar.)
Corp.-Seagrams
3-
37(Ac
(quar.)
(quar.)—
class A
-
(quar.)
(interim)
Shearing &
2-13
3-
1-15
6
50c
pfd.
Co.
(Henry)
8-
50c
87'Ac
Ltd.
1
3-
2-
2-16
50c
45c
Co.
1-30
3-10
50c
Cup
Class
2-10
2-24
$6
50c
(quar.)
-30
$32'Ac
(quar.)
3-
$20c
$30c
$3
Foundry
3-15
Dixie
$6
.
2-12
1
50c
& Cannon
3-15
20c
(qtiar.)—
System,
& Electric
2-18
3
-
Wyant
3-30
50c
87"Ac
40c
________
Gas
4
3-
27'Ac
Special
Disston
3-
Ltd
conv.
2-6
2-16
;
50c
Distillers
9
4-
(quar.)
Broadcasting
-10
Insurance—
Canada Cement Co., Ltd.. $1.30 pref.
9
$25c
$25c
Elevator
&
2-20
75c
(quar.)
participating preferred
3-15
?*c
20c
Confederation Life Association
15c
Semi-annual
Campbell
'
Power
35c
Corp.
(special)
participating preferred
6-
25c
& Iron, 5%
Milling
2-14
Extra
3-
$1.12'A
(quar.)
3-15
1
6%
3-30
25c
Inc.,- conuncn
Central
Colorado Fuel
2-13
1
..Dun & Bradstreet, Inc.,
(s-a.i
Lines;
1
3-
(quar.)
(quar.)
Alkali
Donnacona
Corp
Steamship
Stores,
preferred
3-
60c
Co.
Extra
Co.—
com.
Co.
Diamond Match
4-15
2uc
Aikrnan
&
6
2-28
87"Ac
5%
7-15
$2
(monthly)
Co.
1-20
25c
Y.)
Yard
Detroit-Michigan Stove Co.—
2-20
Pacific Ry.
Semi-annual
Collins
Walt,
Dobbs
(quar.)
Colgate-Palmolive-Peet Co.,
$3.50 preferred (quar.)_
2-16
3-
2-25
Plow
2-16
9
Hardware, Ltd.—
A
(quar.)
preference (quar.)
Class
20c
4-
(initial quar.
Industries
2-11
Service—
Water
4.4% preferred C (quar.)
California-Western States Life
*
2-
2-25
87'Ac
Oil
Inc.
Clinchfield Coal Corp.—
15c
(quar.)___
(A.
California
"
2
2-27
4-30
—_________
50c
preferred
M.) Co., common
Byron Jackson Co. (quar.)
Byers
7'A
Clearing Machine Corp.
Co. (quar.)
2-2.1
3-20
5
$1.75
37"Ac
$1
;—:
—
3'A'A convertible preferred (quar.)—J—
Devonian
De
2-13
1
$1
40c
(N.
Stock
3-
15c
2-
55c
Chilton
Co.
Suppiy
2-20
50c
(quar.)_
2-16
special guaranteed (quar.)
regular guaranteed (quar.)
Consolidated
4% .preferred (quar.) —
3'A % ..preferred
(quar.)
Bush
4%
Co.
2-17
(quar.)
2-2
Co.—
(quar.)
Pittsburgh RR.—
RR.
3-
(quar.)_
Co.
2-16
(increased)
&
Brook
Products
Mfg. Co., common A
Union
15c
preferred
Bound
Floor
Delaware & Hudson
4
2-
3-15
8%
Delaware- &
(quar.)
(payable
Illuminating
.1
1-30
2-17
preferred
35c
25c
Co.—
Mills Corp.—
1
..(increased quar.)
Common
2
1-
$37"Ac
+I3c
50c
25c
20c
30c
90c
$30c
25c
$1.25
20c
15c
12 "Ac
.
Burlington
1
3-
2-16
1-
12'Ac
(quar.)
Extra
Burkart
$4.50
Cleveland
Class
Columbia Packers, Ltd.—
class A (s-a) ——
Brown
Electric
Common
X
2-
2-10
non-cum.
in cash or
share of common stock).—
3/100ths of a
Cleveland
2-
3-
3-
5%
—
Co;
2-13
33-
preferred (quar.)
3-10
2-20
5
35c
7%
1
1
2-10
3-
(quar.)
2-19
1
$37'Ac
(quar.)
1'
2-10
3-
2-10
preferred
3-
3-
1
3-
preferred
25c
25c
10c
75c
6-10
1
3-
preferred
RR.—•
1
4-
3-
25c
non-cum.
4
7-
75c
$1.75
$1.25
.
93 %C
non-cum.
3-
3-17
93'!4c
non-cum.
30c
50c
$5e
75c
1
45c
5%
4-
4-
common..
5%
preferred (quar.)
Utilities
Colorado
"Convertible
Brockway
2-W>
3-20
3-,-L:
4- 1
2
2-
Ltd.—
deposit
American
3-12
3- 1
2-25
2-25
—____50c
'
British
9
1-31
1st
Citizens
Light,
2-17
Monthly
Cochrane-Dunlop
Brewing "Corp. of America (quar.)
Bristol-Myers Co., common (interim)
33A% preferred (quar.)
"'
4-23
2
7%
1-31
.
$17'Ac
3-10
—___
Railroad
$1.25
'
(quar.)
Dentist
4-
3-17
(quar.)
Denver
1
1
preferred B
2-15
1-31
9-17
4-
preferred A
2-10
3-
&
6-18
9-30
50c
3%%
1
3-15
(quar.)
Clinton
Brach (E. J.) & Sons (quar.)_
1
2-16
$1.25
5%
(quar.)
$1.25
5%
(quar.)
$1.25
Cinzano, Ltd., class A
—_—______
$8c
5"A %
preferred
(s-a)
r2% %
City Auto Stamping Co. (quar.)
_____
20c
City Ice & Fuel Co. (quar.)
62'Ac
City Investing Co
15c
City of Paris Dry Goods—
preferred
preferred
preferred
2-19
f '•
' "
3-
3-18
1
3%%
1
2-10
1
3-10
1
7-
Deere & Co., common
30c
(s-a)
2-16
Brager-gisenberg, inc. tquar.)-
British
preferred
4%
3- 1
2-16
—.
3-
1
4-
$1.75
(quar.)
25c
$1,12 'A
—_
Bend
Cincinnati New Orleans & Texas
3-15
(quar.)—
3-
3-20
4-
$2
class A
Ltd.,
1-31
1
South
Inter-Terminal
15c
$1.75
>
9
2-16
50c
$1.75
(quar.)
2-10
Copper Co
2-17
3-15
3- 1
2-16
2-16
2-16
—
9
2-
1
25c
Chicago South Shore &
Quarterly
Chicago Yellow Cab Co
Chiksan Company
10c
30c
87"/2C
10c
15c
75c
Bearing
2-
1
2-14
(irreg.)
3-19
—
—___
2-
(quar.)_!
1
33-
3-13
2-28
15C
Co.
1
(quar.)__x
Extra
2-24
—
& Rubber
$1.20 preferred
Inc.,
Bowser,
1-31
4-
60c
$1
16c
50c
50c
30c
75c
3-
3-31
Coke
&
B
2-13
S2
(quar.)
2-10
(quar.)
4- 1
—
Leather,
Class
pfd.
2-25
(quar.)
Common
3- 1
(quar.»_—
Boston Woven Hose
Roller
2-16
50c
CO
Boston Fund, Inc.
Bower
3- 1
3-1
2-16
2-16
$5c
(quar.)
1st pfd. (accum.)—
Coal
Davis
25c
Common
Chicago Mill & Lumber Co.
60c
Bond Stores, Inc. (quar.)
Borden Co. (quar.)
Boss
2-16
35c
$1.25
$25c
?5c
(quar.)
(Phila.), common
preferred (quar.)
Davis
1-30
2-14
2-28
—
——
3-12
2-10
6%
$1.75
(quar.)-
1
7'A
40c
25c
Cincinnati Gas & Electric..
2-13
Blair & Company
4-
2-13
(irreg.)
common
Metallic Door
2-28
Chicago Corp.—•
2-
Co.___
Dahlstrom
1
3-
$1.12'/2
prior preference (quar.)
(increased)
3-15
3-15
3- 1
—
3-12
4-
Diamond
.2-14
(initial)—
com.
Cushman's Sons, Inc.,
Products
Chase Candy Co. (increased quar.)
50c
—
1-20
Derby Gas & Electric
Chain Belt Co.
5%
new
(quar.)
2-14
—
2-13
Corp.—
Corp.,
2-27
1
50c
15c
(Kansas City)
(quar.)
$1
15c
30c
50c
t37"/2C
$1.50
3-11
2-18
2-14
1
1
$1.75
Sugar,
(quar.)
preferred (quar.)
preferred (quar.)
Cuban Atlantic Sugar Co., corn, (quar.)
5 %
preferred (quar.)
5% preferred (quar.)A^___
Curtis Publishing Co., $4 prior preferred
3-
90c
35c
(s-a)
2-13
(N. Y.)—•
,———.—
—
Spencer
Corp.
Chambersburg Engineering (quar.)—
Champion Paper & Fibre, common (quar.)__
$4.50 preferred (quar.)
3-
American
preferred
Dennison
(quar.)
West
Ribbon Mills
4'A%
5
Power—
Surety & Insurance
Quarterly
2-20
7 %
1
33-
$1.75
7%
7%
Cuban
3-
$1
;
Crum & Forstor, 8% preferred, (quar.)
& Forster Securities, 7% pfd. (quar.)
Delaware
Central
South
—25c
Steel
&
$25c
$12 "Ac
5c
5c
Birmingham Gas Co., common———
S3.50
Light
preferred
&
2-20
1-29
3-31
85c
r
2-16
2-16
3-1
3-1
__—
(irreg.)-
preferred
&
3.6%
15c
27'Ac
$1.25
25c
30c
$1.05
tquar.)_
Crum
Davton Power
$1
(quar.)
10c
.
-—■—
Billings
Ohio
1
Power—•
preferred
Central
3-
2-16
1
Co.—
(quar.)
York
New
3.40%
1-26
3-
3-
conv.
2-13
(interim)
Bethlehem
T
preferred
Central
Mfg. Co.—
preferred
(quar.)
$4 2nd preferred
preferred (quar.)
prior
$4.20
1
3-15
pfd. (quar.)—
Public Service, common
Illinois
Overall
6'A
2-16
Holdrra
Payable of Rec,
Share
Crown Zellerbach,
4-
6-17
—
_,
2-12
3-18
(quar.)
5%
1
7-15
Power
&
3- 1
3- 1
3- 1
(s-a)—
Extra
Inc.
(quar.)
preferred
Foundry,
Central
4'!c
(quar.)
Light
3-
4-15
—
Co., 4(2%
(initial)
25c
25c
25c
25c
8c
25c
$1.05
Fine Spinning Associates, Inc.—
i' Common
(quar.)
——:—
$5 convertible preferred (quar.)
Bertram (John) & Sons, Ltd., class A (quar.)
Foods,
$1.10
2-20
2-13
2-14
Berkshire
Best
Arizona
Central
'"
B
Tractor
Common
2-20
2-19
4%%: preferred (quar.)
—T_
$1.183A
Belden Mfg. Co. (quar.)
—
' 80c
Belding Heminway (Del.) (quar.)
25c
Bell & Howell Co., common (quar.)
12'A^
V/4"A% preferred (quar.)——_____—$1.06"A
Belleterre Quebec Mines, Ltd. (s-a)
—:—
tlOc
Class
&
Co., common
7'A
preferred (quar.)
Castle (A. M.) & Co. (quar.)
9
1
Scot't
I.)
(J.
2-
2-28
Co.
Shoe
Pirie
Products Corp.
1
3-
1
.
.
Casco
33- 1
33- 1
33- 1
33- 1
33- 1
3-12
3-15
(quar.)-
Ltd.
Canada,
of
,(quar.)
Oil
S.)
Carson
2-12
When
Per
Name of Company
2-13
1
—50c
50c
pfd. (quar.)
$1.12(A
50c
40c
$1.75
50c
75c
Carpenter Steel Co.___
2-14
3-
(s-a)
Seelig Mfg., common
(A.
2-10
2-10
3- 1
(increased quar.)
Bathurst Power & Paper, Ltd.. cl. A (quar.)
Beacon Mfg. Co., 6'A preferred (quar.)
Beck
1
1
3-15
3-1
3-
t lOo
tlOc
—
3-
3-
$25c
$$1.25
■
3-
3-15
(quar.)_
com.
___
A
Carpenter Paper Co., common
50c
:
Class
2-10
25c
40c
$1.50
$1.75
$1.50
30c
$1.12"/2
$1
37"/2C
(quar.)
Extra
Barlow
1
i5c
pfd.
Shippers Insurance
Barnsdall
3-
$20c
$37'Ac
(quar.)—
Common
15c
Inc.,
Show,
Quarterly
K
2-17
1
—
Radio
&
Common
1
3-
——:—
Mills, common
Collieries Corp.
(quar.)
Barber-Ellis
2-18
3-
•
America
of
Co.
Extra
Bankers
2-28
""
Locomotive Works, 7%
Baltimore American Insurance
6%
Canadian
3-15
conv.
Canteen
Baltimore
Canadian
2-5
—
Baldwin
•'r
2-10
5
_______
(quar.)
Mines, Ltd. ,(quar.)
preferred (quar.)
series B conv. preferred (quar.)
conv. preferred series C
(quar.)
%
Ltd.
Co.,
X
15c
40c
93%c
$0.9011
25c
—
Company—
(quar.)
Ltd.
3-
$1.06'A
common
$$1.50
6-25
Products
Holder $
Crown
$$6.25
$$1
4,7
(787)
Payable of Reo.
Ltd.—
(annual)—
6-25
Central
(quar.)
preferred
Ltd.
:—
Cos.,
When
Per
7- 3
7- 3
Refining Co.—
Dry Goods,
1st
7</o
—
<quar.)
Associated
6%
—-
(quar.)
&
preferred
Common
common
(initial)
Corp.
Ashland
Locomotive
3-
$$1.12'A
pfd. (quar.)
(quar,)
preferred
(accum.)
Co.,
preferred
25c
75c
6 "Ac
50c
J 15c
______
Arkansas Natural Gas Corp., 6%
Trust,
Extra
1
b'/«
25c
Co
$3 participating preferred (quar.)——
Participating
Argo Oil Corp. (increased quar.)___
—
4'A%
Investment
Inter.
Canadian
3-
CHRONICLE
Share
$15c
25c
30c
.
Argus Corp.
Canadian
1
'
Anglo-Canadian Telephone Co.—
Farms
-v1A AAAAA'. AAv:' A"-
A.'
Name of Company
3- 1
75c
$2.25
/Class A (qtiar.)'.
:
;
Anheuser-Busch, Inc.
Arcady Farms Milling Co. (quar.)
Archer-Daniels-Midland
FINANCIAL
&
Canadian
Amoskeag Co., common (s-aj
$4.50 preferred (s-a)
Arden
rA A-V;
75c
(quar.)
Extra
;
2-10
75c
75c
Common
When Holdere
Payable of Reo.
75c
(quar.)_;
Extra
;
COMMERCIAL
THE
Volume 167 Number 4673
3-
1
2-16
3-
1
25c
2-19
$1
(quar.)
2-15
2-
50c
(quar.)
3-10
2-25
2
3-15
3-
37'Ac
3-31
3-15
$25c
(quar.)
2-27
2-
$1
1
.
.
Food
Machinery Corp.,
Ford
Motor
Co.
of
new
Extra
1
Bridge Works
(quar.)
.
$25c
2-27
2-
6
2-27
2-
6
$25c
Extra
Pitt
S
$25c
Class B
Fort
(initial)
com.
Canada, Ltd., class A
2-27
2- 6
3-
2-19
25c
1
!
48
(788)
THE COMMERCIAL
•
CHRONICLE
FINANCIAL
&
Monday; February 16, 1948
:
Name of Company
Name of Company
Payable ofltee.
8hmr§
•;
2-
2-16
12 %c
(quar.)
Co.
Kleiser
Poster
2
Foster-Wheeler Corp.—
6%
(quar.)___
common
Company
(quar.) _•
American Corp.
General
General
preferred
1%
(quar.)
Food
General
Corp.,
General
C
(s-a)___.
(quar.)____—
(s-a)
Mills,
Inc., 3%% preferred (quar.)
Outdoor Advertising,
common
General
preferred
6%
General
25c
■-
$1
50c
40c
84%c
25c
75c
(quar.)
common
$1.25
93%C
25c
37Vic
preferred (quar.)
$3.75 preferred (quar.)
General Phoenix Corp., $1 pfd,
(quar.)
$1.50 preferred (quar.)—.,
General Precision Equipment—
$5
Utilities Corp.
General
Public
General
25c
20c
—
2-14
2-18
2-
2-
2
6
2-14
3-19
Huron & Erie Mtge.
2-13
Hussmann
$2.25
5-10
Huston
5-10
(quar.)___.
1-26*
1-31
Idaho
2-10*
2-18
2-
stock
holder's
at
option
—
General Steel Castings, $6 pfd.
Genesee
Brewing
class A
Class
A
B
(accum.)
(quar.)
____
.
(quar.)
Class
(quar.)
Class
B
Gerrard
Girdler
(s-a)
(s-a)
Fire
&
—
Co, preferred
A.)
Co.
Gibraltar
Gilbert
___
(quar.)
(S.
Gilchrist
:
Marine
&
Bennett
4-
Co.__
Golden
pfd. (quar.)
Co., Ltd., 4% pfd. (quar.)——
C.)
(H.
State
Co.,
Goodall-Sanford,
6%
Inc.
(quar.)
Goodyear Tire & Rubber Co., com.
$5
(quar.)—
preferred (quar.)
(H. W.) Co
Trunk
Grand
Grand
5
2-
5
2-
5
2-25
2-16
3-, 1
2-
2-16
Class
$1
25c
37Vic
$1
37Vic
$1
$1.25
2-14
1-30
4Vi %
3-15
3- 1
3-31
3- 1
3-15
3-15
3- 1
3- 5
3-
Mines
Grant
T.)
Graton
&
Storage
35c
$1
Co._
Co.
lc
preferred
7%
Knight,
Grayson-Robinson Stores, $2.25 pfd. (quar.)_
Great American Life Underwriters
Atlantic
Great
Common
-7%
Pacific
&
(quar.)—
(irreg.)
Co., Ltd.
:
Bay & Western RR., common
Green
Paper Co.
Coal
"A"—
debentures
Income
Group Securities,
$50
2-16
—
2-10 *
& Laughlin
Jones
5%
2-13
Julian
2-
Kalamazoo
6
3.80 %
Steel,
2-28
2-28
2-17
5c
2-28
2-17
Building
11c
7c
13c
2-28
2-28
2-28
2-17
7c
2-28
2-17
8c
2c
2-28
2-17
2-28
2-17
$5
8c
2-28
2-28
2-17
Kirsch
2-28
2-28
2-17
Koehring
7c
2-28
2-28
2-17
2-17
2c
2-28
2-17
10c
2-28
2-17
Kresge
2-28
2-17
Kress
.
Electrical
Equipment
Food
—
Administered
Fully
Extra
—
—
General
Bond
——
Extra
-
Industrial
Machinery
Institutional
Investing
—
Bond
Company
10c
<
Priced
Low
Extra
2c
8c
8c
u
,
___
Merchandising
3c
Extra
Mining
7c
2-28
7c
2-28
2-17
3c
2-28
2-17
.025
.005
2-28
2-28
2-17
5c
2-28
2-17
5c
2-28
2-17
7c
2-28
2-17
Tobgcco
5c
2-28
2-17
Utilities
.025
2-28
2-17
.005
2-28
2-17
35c
$1.50
7%c
15c
4- l
3-15
4- 1
3-15
3-15
3-20
Extra
...
Bond
Railroad
—
Extra
-
Railroad
Equipment
Railroad'Stock
___
Steel
—
Extra
Watch
Gruen
Gulf Power
Co.
(quar.)
preferred
$6
Co..
Products, Inc.,
Gum
Class
A
(quar.)
(quar.)
common
(quar.)
Hall
(C.
Lamp
M.)
Hallnor
(irreg.)
Co.
(quar.)
Monthly
Hamilton
Cotton
Co.,
Ltd.
Hamilton
Watch
Co.,
common
convertible
4%
(quar.)
(quar.)
preferred
Hammond' Instrument Co.,
Common
(quar.)
Hammermill Paper, 4'Aft
pfd.
6%
pfd.
(quar.)_
Certificates
B
(quar.)
Extra
(M.
A.)
$4.25 pfd.
Co.,
Harbison-Walker
6%
3-
1
preferred
(quar.)
com.
(quar.)
Co.
,_
(quar.)
1st preferred
Hawaiian
Pineapple,
Hazel-Atlas
Hecla
Glass
Mining
Products
convertible
6%
Ltd..
(quar.)
:
Co
Steel
Hercules
Co.
Hewitt-Robins,
Inc.
(quar.)
Chemical Corp., common
preferred (quar.)
Heywood-Wakefield Co., common (irreg.)—
Heyden
3%%
preferred
5%
Hotels
Hilton
convertible
4%
Hires
(Chas.
(quar.)
B
Corp.,
E.)
(quar.)
(quar.)
common
preference
(quar.)
Co.
Oil
Honolulu
Hooker
$4.25
Hormel
6%
1
Co
Rapid Transit,
Electrochemical
preferred
(Geo. A.)
preferred
Co.,
pfd.
(qugr.)__
& Co., common
(quar.)
Lighting
&
(N.Y.), 5%
Power
pfd.
(quar.)
(quar.)
2-28
2-
3-
4-
Co.
(increased
2-
3-10
2-25
Leitch
4- 1
4- 1
3-10
Leland
Lee
&
Caoy
(H.
D.)
(quar.).
2-24
Legar Co., Ltd., 6%
Portland
Lehigh
(quar.)
preferred
Cement
Gold Mines,
Electric,
(quar.)
Ltd.
5%
(quar.)
preferred
3-10
Life
2-19
Liggett & Myers Tobacco
Savers
2-13
3-
1
2-13
Link-Belt
3- 1
2-13
Lionel
3-
1
2-13
3- 1
3- 1
2-14
6
3-
1
Co.
Corp.
(quar.)
;
..
3V2Y0
Little
(quar.)
(increased)
(quar.)
Carbonic Corp.,
Liquid
(quar.)
Corp
Lindsay Light & Chemical
Extra
(accum.)
preferred
Miami
(quar.)
common
(quar.).
2-16
2-27
2-25
4- 1
3-13
1-21
Loblaw
2-13
2-14*
Loblaw Groceterias Co.,
Class B (quar.).
3-12*
Lone
Star
2-13
Lone
Star
30c
25c
25c
87 Vic
$1
31c
25c
50c
30c
3- 1
3-15
3- 1
3- 1
2-13
Lord
2-25
Loew's,
2-18
3-10
3- 1
3- 1
3- 1
3- 1
2-18
3-
1
2-20
25c
15c
30c
$1.06V*
2-26
3-26
2-16
2-16
Gas
Coal
&
Inc.
Common
5%
&
6%
(quar.)
5%
1st
conv.
pfd.
pfd.
(quar.)
(quar.)
(quar.)
Mackintosh-Hemphill
2-14
1
4
Extra
;
5
42-10
2-20
V
2-10
2-16'
2-20:
2-27
-
2-28
4-1
2-15
■
■
•; <3-12
43-12
/•4-1
3-11:4
2-20
3-1
2-11
-
3-10
2-20
(P.
Manhattan
R.)
& Co.
Shirt Co.
'
(quar.)
...
:
•'
:
2-15
1-31
3-16
2-27
3-16
2-27
:
•</:
Corp.
3-
1
2-13
3-
1
2-13
:
J75c
4-
1
3-15
;
—
3-1
^
50c
3-
1
2-18
a;
50c
3-
1
2-10
$1.62%
il3c
6-
3-15
(quar.)
.
5-10
2-13
:
3-15
2-13
.
2-16
2-
3-15
2-27
3-10
2-24 '
3-30
3-15 '
3-10
2-20
*
3-
3
2-15
^
3-
J44c
1
3-15
1
2-14
6-
1
Inc.—
75c
(quar.)
(increased
-
25c
593sc
(quar.)
Diablo
Oil,
Mining
40c
quar.)
&
2
Munson
Line,
Inc.,
A'
class
$2
42-11
1-30
Nachman
4-
3-15
Nashville
; 9-1
8-14
' "
: 3-30
3-15
:
3-15 4;
3-30
:
...
Chattanooga
&
St.
Louis
2-13 /a
3-
1
2-13
3-
1
2-16
3-29
:
'
2-
2-14
12%c
25c
(quar.).
■
2
3-19
RR.—
-7-'
6-15
9-15
National
Acme
5-
4-15
National
Aluminate
8-
•47-15
National
Automotive
Fibers
11-
10-15
National
Biscuit Co.,
common........
Resumed-i:
1
37%c
Corp.
3-
25c
(initial)
common
10-
r
/
$1.75
50c
new
Co.
5-15
$1.75
12%c
12%c
(initial).
com.
(quar.).
Myer-Bridges
V
$1.75
Murphy (G. C.) Co. (quar.).
Muskegon Motor Specialties Co.—
3-
i
3-
$1
1
2-
9 ■
50c
Corp.
(quar.)_•____
2-24
2-10
30c
Co./
2-15
1-31
15c
__i_
3-
1
2-
2-16
3-
9
$1.75
7% ' preferred
(quar.)
Container Corp., com. (Del.)
National
'2-11
2-28-
3-15
2
<2-11
2-20'
2-27
2-
6"
30c
National
42-14
'3-
1
2-
2
3-
1
2-
2
2-23
2-
9
2-23
2-
9
3-
1
2-18
3-
1
2-13
3-15
2-25
3-
2
2-28
Cylinder Gas Co., com.
4%% preferred (quar.)
National Dairy Products (quar.)
National
3-10
2-16
3-10
2-10*
3-1
2-10*
20c
(quar.)
$1.06
Convertible
National
3-
5
3-
5
5
2-11
1
8-
1
7-22
10-30
10-20
2c
Service Corp.,
3-
2-16
National
Oats
•2-16
1-23
National
Paper & Type Co.,
3-15
4-
1
3-15
4-
1
3-15
3-
1
2-20
75c
common
2-16
1-31
25c
preferred
(s-a)
3-
1
2-16
5%
preferred
(s-a)
3-
1
2-
3-
1
•
2-16
1-31
$1.25
(stock
share of
dividend)
stock
common
2-16
1-31
$1.25
...
Cooker
Pressure
additional
'
$1.25
;
Extra
5%
One
1-30
1-30
1
25c
1-30
2-10
2-20
2-16
2-16
4-
Co
2-16
National
3-15
$1.12%
5
5
2-18
15c
(quar.)
com.
preferred
(quar.)
preferred (quar.)
1
7
1
$1.75
10c
(s-a)__
%
5%
4-21
5c
National Linen
4 %
3-
$1.12%
Extra
3-
2-
1
5-
2c
3-
1
3-
2c
;
Liberty Ins. Co. of America
2-27
2-11
fl5c
(quar.)
Welding (quar.)
National
5
1
i
2-18
3-
3-
preferred
Electric
Quarterly
Quarterly
2-14
9
2-17
$12%c
Common
Co., $4.50 pfd. (quar.)
National Lead Co., 7% preferred A (quar.)..
2-
3-10
Drug & Chemical Co. of Canada.—
Gypsum
1
„
45c
National
3-
3-
(quar.)
8-16
7-31
—
($2
•
2-20
2-
7
3-
2-
for
par)
each
held
share
National
Rubber
2-11
National
2-28
2-11
Corp. (resumed)
National Tea Co/ (increased quar.)
3-
1
2-14
National
3-
1
2-14
Naumkeag Steam Cotton Co
Machiney Co
Vulcanized
3-10
2-23
N^isner
3-10
2-23
Neptune
1
3-
1
4
6
$2.40
3
Nesbett
2-
3
Newmarket
3-11
3-
2-20
8
4-
1
3-20
3-
1
2-17
3-31
3-12
Inc.
Co.,
Meter
2-
3-31
.
Brothers,
2-
2-28
3-
Fibre
4'A%
preferred
New
Amsterdam
1-
3-
1
2-28
2-
5
2
2-14
2-28
2-14
2-27
2-13
2-20
1-20
2-14
2-
3-15
2-28
25c
2-15
2-
60c
Casualty
Co.
(N.
Y.)_
;
Norfolk
Extra
Norfolk
&
2-16
2-
3
4-
2
25c
2-25
North
35c
3-
2-13
$2
Normetal
pfd.
A
2-16
1
3-15
3-
1
3-10
2-20
2-10
1-30
2-
5
2-14
2-13
3-
1
2-14
3-
1
2-20
3-31
3-15
20c
3-31
3-15
3-15
2-13
com.
par)
(quar.)__
(quar.)
(quar.)
2-16
2-
6
2-16
2-
6
75c
25c
3-10
2-11
2-10
1-14
55c
Corp., Ltd.,(interim)
com.
$2
$4
(s-a)_
••
preferred
1
1
$75c
"
Corp.,
3-
3-
$1
30c
,x_
Western
convertible
1
$1.75
(quar.)
Washington Steamship Co.
American; Car
3
34-
50c
(increased)
Railway,
Adjustment preferred ($25
3-10
2-
50c
Dry Dock
Ltd. (increased quar.)
a.
2-20
-:••
(quar.)_
•
1-31
2-27
2-16
50c
40c
*
;___
;
&
2-15
50c
preferred
Noranda Mines,
1
6
10c
(quar.)
Extra
2
20c
'45c
9334c
Co.
York Air Brake_.__
4-15
1
2-
2-15
(quar.)
New York Dock Company—:
non-cum.'
5
2-16
(quar.)
New Jersey Zinc Co.i_;_^
Britain Gas Light (quar.)
$5
2-16
1
2-21
New
New
3-
25c
50c
(quar.)„___
common
Manufacturing
preferred
3-10
$1.06'%
quar.)
(quar.)
(quar.)__
Newport Electric Corp., common (quar.)..
3SA%
3-
3-30
20c
(increased
preferred
(quar.).
Fund, Inc.
1-20
3-23
37%c
Steel
1
2-23
25c
12%c
.
2
2-28
(quar.)
3-31
3-
1
50c
3-10
3-
1
50c
4-
3-23
1
.
2-10'"
4-15 ;
40c
'
10c
:
/'.
Development
lc
Munising Wood Products Co.,
5% preferred (initial)
37'/2c
$1.06'A
(quar.)...
2-20
Manufacturing Corp.—
preferred (quar.)
$7 preferred
(quar.).
$7 preferred : (quar.)-_L_
>
25c
$4c
_______
2-20
1
(quar.)
",.3■
2-20
1
3-
-$7
1-31
3-11
50c
1
3-
.
Mullins
2-25
$25c
common..—1
Mallory
Wheel
Co.
Mount
2-13
(quar.)
50c
Motor
5-10
3-10
2-25
r
3-
$2
2-25
preferred
2-20
& Co
Paper Mills, common
43A%
preferred (quar.)
5-20
/
P.)
(J.
15c
Company,
1
1
cnemical Co., 4%
4'A %
3-
.
25c
T.__
preference
participating
Electric
Maltine
9
$3
Nopco
1-24
9-20
(quar.)
common
Noma
(interim)
2
25c
(quar.).
Ltd.;
1-30
1-24
2-
A
Cottons,
2-
(quar.)
10-
9-20
$1.25
com.
3-15
Corp.
6-20
(quar.)...
Co.,
2-16
Madsen Red Lake Gold Mines, Ltd.
2
$1.25
Tool
Chemical
4-15
Madison Square Garden
3-20
7-
_!•_
Machine
preferred
(quar.)
Moody's Investors Service,
3-25
*
.
l'l»c
Ltd. (quar.)
(Springfield, Mass.)
3-12
3
2
Co.,
Ins.
88c
2
2
(quar.)
7%
2-27
.
1-31
:
6-20
2
(quar.)
common
$25c
2-
3- 1
Life
Montreal
3-13
$50'Ac
$50c
3-20
4-
(quar.)....
S.)
(J.
Monsanto
3-v 1
It
2-
Co.
2
$1.62%
(quar.)
3-
$1.25
Utilities Co..
Semi-annual
2-15
.'
Mclntyre Porcupine Mines, Ltd. (quar.)
MacLaren Power & Paper Co;
(quar.)
M.),
4-
.
,
7-
,
30c
(Walter
9
$1.25
(accum.).
preferred
Monarch
5
2-16
Corp.
3-
$1.27%
(quar.)
(quar.)
2-14
2-23
B
RR.
Lynch
1
SI.50
Ltd.
Nashville
&
Lowney
2-20
4-
25c
25a.
(quar.)
Newport News Shipbuilding &
(s-a)
9
:
5
1-30
3-
;
y'"
$4
V' $2.50
(s-a)
3-
$1.37'/2
Morris
$25c
87'/2c
25c
62'/2c
$1.50
37'/2c
....
3-9
1
10-
(quar.)
preferred
2-27
> 50c
,V- $1.10
20c
$25c
(quar.)
Dock,
preferred
Louisville
Corp.
Co.
Taylor,
Ltd., class A (quar.)
2-20
3-10
2-28
Cement
(quar.)
Inc.
1
4-
zt
Mitchell
Louisville Henderson & St. Louis Ry.—
Groceterias,
'.
4-
$2
25c
(quar.)_____
preferred
Neiman-Marcus,
capital
1-26
...
2-27
Monarch
RR.—
Special guaranteed
2-17
2-19
3-13
87'/2c
(quar.)
\
2-14
1
25c
(quar.)
35c
t$2
37'/2c
$2c
31'Ac
40c
$1
65c
75c
25c
70c
25c
—
2-25
3-
25c
(quar.).
$1.50
-
& Sons
(James)
3-10
3- 1
4-20
3-15
Co., Inc.
Extra
Lees
2-26
1
5%
5
5c
50c
$1
30c
37'/2c
Co...;
2-24
50c
$1.50
37Vic
(R.
Tourneau
4
2-18
3-10
3-10
$6
2-27
25c
40a
(quar.)
G.), Inc., $4 pfd. (quar.)_
3-
1
2-28
3-
Morgan
7'/2c
(irreg.)
4-
,
'
80c
1-31
8c
Monotype Machine Co.
2-10
25c
1-31
25c.'
37'/2c
v
40c
quar.)
2-20
2-25
2-19
2-14"
(quar.)
2-14
1
3-10
Missouri
3-20
•
H.), Inc. (quar.)
(quar.)
2-15
Lee
1st
preferred
2-27
$1-'50c
50c
1-30
1
3-
2-26
...
Missouri-Kansas Pipe Line, com.
3-15
•f
10c
10c
25c
__.
2-16
50c
4
3-
2-10
3-15
15c
—
/»
25c
preferred
$3c
(irreg.).
2- 3
Minneapolis & St. Louis Ry. Co. (irreg.)
Mmneapolis-Moline Power Implement—
5
3-
1
3-
>
6
-
(M.
75c
Le
2-10
4-
2-
3-12
$1.25.(1
.
A:
Minneapolis-Honeywell Regulator, common..
3.2% convertible preferred
(quar.).
2-25
1
2-18
4-
'
Extra
Lamston
3-1
2-13
1
5%
2-25*
2-18
.
Lansing Stamping Co.
62Vic
$1.50
common
(quar.)
Horn & Hardart Co.
Houston
6%
—
3-15
3-10
—
Lanston
ion
Home
2-28
...
Lorain
(quar.)
B
1-31
3-15
60c
6% 1st preferred (quar.)...
$1.50
6% 1st preferred (quar.)
1
$1.50
6% 1st preferred (quar.)
$1.50"
7% 2nd preferred (quar.)...
$1.75 •
7% 2nd preferred (quar.)___
$1.75\ 1
7% 2nd preferred (quar.)
$1.75
Kysor Heater Co. (irreg.)
1
10c
La Consolidada S. A. American pfd. shares.
$0.2134
Laclede-Christy Clay Products (quar.)
>
35c
Lake Shore Mines, Ltd.
(quar.)
-$18c
Lake of the Woods Milling Co., Ltd.—
Common
(quar.)
$40c
7%
preferred (quar.)
$$1.75
Lakey Foundry & Machine Co
15c
2-16
Corp.
preferred
2-20
_s(
:
75c
10c
25o
30c
25c
Co._____
3-
1
Original
(accum.)
Lithographing
3-15
95c
Extra
2-13
Havana Electric & Utilities Co.—
6%
$5.10
'
1
3-
50c
.
_
...
preferred
53c
50c
Co
(quar.)
1
50c
3*
6%
(quar.)
Co.
3- 1
3-10
3- 1
4-30
3- 1
3-15
3-15
$1.06%
(quar.)
Refractories,
Harshaw Chemical
Havana
(S. S.)
Lane-Wells
1
2-19r
1
$1.25
50c
15c
—
(S. H.)
3-
.
3
lor each two shares
common
(quar.)
$1 prior preferred (quar.)
Minneapolis Gas Light Co. (Del.i^—
2-10*
$1.25
90c
-
1
3
Illinois Public Service
preferred
2-
(quar.)
Co.
2-13
1-31
prior
40c
11'Ac
Lane Bryant, Inc.
4-20
$1
Class
(quar.)___—
pfd. (quar.)
Rubber
7-31
■1
8
2-11
:
beneficial interest
of
B.)
3-
2-
2-
1
50c
preferred
$3.25 preferred
Co.; Inc., common..
preferred (quar.)
50c
Extra
Hanna
(I.
25c
(quar.)
Co.
Kroger Company, common
1-31
5-
prior
3-
K-l
$
•/
3-18
.
3-
3c
Common
KniCkbocker Fund—
25c
Common
Hancock Oil Co. of California, class A
Class
1
1
1
1
$1.06'A
$1.12%
37Vic
(quar.)
preferred (quar.)
(increased)
4%%
60c
25c
(quar.)
Ltd.
Mines,
1
Oil
25c
20c
t7c
25c
$22 %c
25c
$1
—
—
Stores
Brothers
3693-
25c
(quar.)
Corp.
Extra
Hale
1
3-
$1
3-
1
3-20
.
$25c
t25c
$25c
75c
quar.
Quarterly
Quarterly
Hajoca
3-
Canada, Ltd.—
Gypsum Lime & Alabastine of
Increased
2-17
8
25c
933Ac
(interim).——
.
2-17
3-30
15c
Hart, Inc., common
5'/2%
25c
$37%c
2-16
;
1-31
taccum.)
shares
5
2-16
1
1
2-27
97'/2c
12'/2c
(quar.)
(quar.)
2-
1
14c
(quar.)
Co., common.....
Company,
Kleinert
2-17
Petroleum
Cotton
(G. R.)
prior preferred
4%
&
3-1
Quarterly
Kinney
3-
30c
Products,
dividend
$1.25
—
2-16.
1-30
pfd.
common
preferred
Miller
;
_
Steel
1
2-16
(Subject to SEC approval)
25c
Kingsbury
2-17
4-
t40c
(quar.)
pfd.
Common
$40c
$$1.12%
Extra
2-17
3-
%
(stock dividend)—
3-
3-
$1.75
.'A
50c
Custodian Funds series
Keystone Steel & Wire (quar.)
2-17
2-17
2-19
3-10
10c
Koppers
Chemical
2-17
($10 part
2-16
2-16
;
West Corp.
2
1
2-16
Products. Co
6'/o
5
9
2-
3-
50c
preferred
Tube
Sugar,
22-
2-16:
*
$1./
:■>/:.
.
(s-a)
Keystone
lc
—
8%
—s._
(quar.)
8c
Extra
2-17
2-28
3-12
Middle
Power & Light Co.—
preferred
Aviation
>
."A-/!"''
—.
Parchment
Automobile
8c
.
Abrasive
Midland
common
Kayser (Julius) & Co
Kelvinator of Canada, Ltd
Kerr Addison Gold Mines
Agricultural;
Mid-West
1-27
(quar.)
(N. Y.)
(s-a)
Vegetable
Kansas City
Inc.—
9
3-10
preferred A (quar.)
& Kokenge
1-31
1
Michigan
Michigan
Steel
3-
7
"V
$1.75
(quar.)
(s-a)
3.90%
Co.,
2-
25c
506
50c
(quar.)—
Co.
&
1
3-10
22'/2C
(irreg.)
Johnson
Edison,
5
50c
preferred
Co,_i._^
3-
$1.50
Machine Co
Apparel Shops, Inc., 45c pfd.
Jantzen Knitting Mills—
&
Michaels Stern
Ltd.—
Janet's
Insurance
Metropolitan
2-18
3-10
$2
Jaeger
Johnson
2-18
1
40c
1-30
2-10
1
held.
(quar.)
Corp.
1-31
2-21
2-21
3- 1
2-15
2-16
3-
3-20
Co.
_.—___—
Iowa Public Sex-vice, common
3.75% preferred (quar.)
5% preferred A
Car
3-
3-19
_______
Fund
Motor
1
2-
2-15
10c
1-31
«
Investors Stock
1-21
2-17
4-1
(quar.)
of Canada,
2-21
1-30
3-31
7%
Assurance
Extra
2-28
—
Co._
Utilities
International
Stores,
1-31
4-
2-28
Merritt-Chapman & Scott, 6'/2% pfd. (quar.) $1.62'Ac
Metal Textile Corp., $3.25 partic pfd. (quar.)
81'Ac
25c
(s-a) -
V•;<■
(accum.)
Silver
Intertype Corp.
6
Jersey
preferred
West
preferred
2-17
2-14
^
(quar.)—
preferred (quar.)
2- 2
2-21
$4
$1.75
40c
J40c
$5
:
Metal Industries—
International
2-16
2-
2-17
2-15
2-16
60c
5%
2-16
2-16
2-17
3-31
1
___
8
Mercantile
3-
Quarterly
__——
International Railways of Central America—
Co.—
Tea
(year-end)
Great Lakes
Great
50c
$1.75
56Vic
3-
5*
3-31
t20c
$37Vic
18c
16c
$1.50.
——
A
International Nickel Co.
5
2-
50c
Inter-Ocean
International
2
1-26
2-20
One share of Central
,
2-19
2-24
3- 1
.
(extra)
Co.
3-15
2-20
—
Shares——
International Harvester Co., 7% pfd.
6-15
2-20
1
Ltd.—
5-26
,
2-16
4-16
Corporation, common.
'.
50c
4 'A %
preferred (quar.)
$1.06'A
$2 2nd preferred (quar.) L—4^...50c
—.
:—
—
Shares,
(quar.)
1
1-31)
2-15
93%c
933Ac
35c
62'/2c
Corp., common (irreg.).
preferred
(quar.)
$2.50
Ltd.—
6-15
•
,
3-15
McCord
Meteor
Interlake Steamship Co
—
Reinsurance
Inter-Ocean Securities Corp., 4% pfd.
International Business Machines—
New common (initial)
6
3-
tlOc
$20c
:
Bond Group
and
Stock
2-17
2-
preferred (quar.)
$3.75 preferred (quar.)
$3.75 preferred series 1947
2
3-20
1
85c
$3.40
3-15
■
4-
' 5c.;
7Vac
/
10c
A, 5c
25c
40c
75c
i™___
..
Merchants Fire
partic.
Co._.
2-16
1
5
3%
(quar.)
Steel
2-16
3-1
^
Corp. (quar.)___
...—
Massachusetts Bonding & Insurance ,(quar.)«
May Department Stores Co., com. (quar.)__
Canada, Ltd.—
of
-V
1-31
2-20:
:
25q;,' 4/2-20.,/
r
(quar.)____
Extra
1
4-
.
Masonite
2-16
3-
15c
preferred'(quar.)
Indianapolis Bond & Share Corp. (irreg.)—_
Industrial Silica, 6%%
preferred (accum.)
Ingersoll-Rand Co. (quar.)—————
1-15
5
9
2-29
2-
(s-a)
convertible
$1.50
2-
2-
(qdUf.VL—.i---'.
Corp.
Common :(irreg.)
Mary Lee Candies, Inc.
6
2-
--
Common
1
2-
2-16
:
Imperial Varnish & Color Co.,
i
3-
3-10
37Vic
45c
(quar.)
preference
6%
25c
50c
50c
Grandview
(W.
Cold
Warehouse
Co.
Institutional
Co
Union
:AComnion (irreg.)
8'
25c
S1..25
'
—_
Mead
Final
3- 1
2-16
4-1
7- 1
4- 1
7- 1
5-30
Gossard
3-16
3-
2-16
(interim)
Ordinary
5
4-
—-
(quar.)
(quar.)
Co., common
Zinc
$1.50
$2.25
15c
15c
15c
15c
25c
(s-a)—
Insurance
Mfg.
Power
Inland
—
Corp.
Godman
3-26
Holderr!
When'4
Pavahte
;
Marine. Magnesium Products-Corp.—
(quar.).;
Corp., scommon
preferred "(quar.)
/Marathon
25c
(quar.)
(quar.)
Peanut
Imperial Tobacco Co.
2
2-13
(opt. dividend series) (quar.)
44/1000 of a share of common
or
-
preferred
(Tom)
Illinois
preferred
Cash
2-17 4.
5%
56'Ac
Hydraulic Press Mfg.—
6%
convertible preferred
Shareholdings Corp.—
$6
2-27/
Per
''44 4
*
1-30
Marathon
Co.— *
Refrigerator
;V 2- 2
Company
2-13
3-10?'
12Vic
$$1.25
preference series A (quar,)——
Corp. (Ontario) (quar.)
5%
2-13
Name of
2-13
t
2-16
2-16
3- 1
3-12
2-16
3-10
5- 1
5- 1
2-16
2-16
3-15
2-16
$1.50
(quar.)
Corp.,
Motors
-
•/ $1.75
V
5c
(quar.)
—
common
Corp,
Metals
General
—
:
preferred
convertible
4%
4- 1
3-15
3-1
2-16
5-25
5-25
'
common
preferred A (s-a)
5%
$2
25e
—
(quar.)_—___«
Finance Corp.,
General
3- 1
2-16
2-16
3- 1
——
Baking, $8 preferred (quar.)
Cigar Co., common—
General
3- 1
25c
25c
25c
75c
(quar.)
——
Co.
Gamewell
3-31
'2-16'
56 Vic
(quar.)
Co.,
Steel
Gabriel
7- 1
62%c
Co.
Trailer
Fruehauf
6-15
4-15
3- 1
$12.50
preferred (quar.)____
4% %
Sulphur
Freeport
_
(irreg.)__
Four-Twelve West Sixth Co.
Franklin Simon,
3-15
4-1
37%c
37%c
(quar.)
prior preferred
prior preferred
6%.
"•> y<
:
3-1
•
4% %
/:
-V:.-'
*
3-1
f 37Vic
$1.06'A
Howe
25c/
Hibbard Spencer Bartlett
(monthly)—25c
Monthly
256
Hudson Bay Mining & Smelting Co., Ltd.—
■
Increased
■ i$l
Hudson
Motor
Car
(quar.)—.——
10c
> Humble Oil & Refining Co. (irreg.)__—__—
75c
Hunt Foods, Inc., common (quar.)
—
25c 5%
preferred (quar.)
12Vic
(quar.)
Corp., common
preferred (quar.)
Gil (irreg.)—
:
Payable of Ree.
***£* Share
>
Howard Stores
'<■
•'
Holder•
When
Per
Holdert
w-
11" -Y
m
When
Per
' ;
IMI
167 Number 4673
Volume
THE COMMERCIAL
When
Name of Company
,
New
York
Aviation
Series
,
Series—
2-
9c
8c
10c
2-25
2-
5
2-25
2-
5
2-25
2-
5
4c
2-25
2-
5
7c
2-25
9c
12c
2-25
2-
5
2-25
2-
5
—10c
2-25
2-5
15c
2-25
2-
5
Series.;—2c
2-25
2-
6
Series
Series
Industry
Series
Public
utility Industry
Railroad Series
Railroad
Steel
Bond
Diversified
Pacific
North
.
American
Fund
Stock
Fund
Finance
2-
5
2-
5
2-
5
2-25
2-
5
2-25
2-
5
2-25
2-
5
2-
5
2-25
2-
5
7%
13c
Series
Investment
2-25
2-25
2-
5
5%
2-25
2-25
Silk
Hosiery Mills
preferred (quar.)
4-
1
3-20
$1.60
non-cum.
87Vic
7-
1
6-20
$1.60
non-cum.
12-23
12-16
$1.60
non-cum.
7 %
87Vic
preferred
80c prior
prior
prior
North
River
Indiana
Insurance
■
Extra
Co.
of
Northern
Liberties
Northern
Natural
Northwestern
Gas
6%
preferred
4%
prelerred
Pharmacal
Candy
O'Brien
Gold
Mines
Ox
Marine
Illinois
&
Pacific
Finance
class
A
1-16
1-15
Sovereign
2-14
Sparks
2-16
1-30
4-
1
3-12
3-11
2-19
Public Service,
Southwestern
2-12
3-1
3-
1
3-15
2-20
Stamford
Water
4-
1
3-15
Standard
Accident
4-
1
3-15
15c
Co.
3-
1
3-
1
2-13
6-
1
5-14
Standard Cap & Seal $1.60
(quar.)
{40c
9-
1
8-13
Standard
12-1
11-12
{40c
2-13
57®
Chemical
preferred
Co.,
2-16
Standard-Coosa-Thatcher
1
3-16
Stanoard
4-
1
33-
9
3-
9
6%
2-20
6%
2-20
3-
1-20
Increasedqua*.
(quar.)
Standard
Oil
of
(increased
3-
4-26
4-15
(increased)
25c
3-20
3-10
Revere Copper & Brass, common
25c
3-
1
2-10
Standard Wholesale Phosphate & Acid
1
5'/4% preferred (quar.)„
Reynolds (R. J.) Tobacco Co.,
5-
1
3-
3-10
2-
9
3-12
3-
1
2-25
1-23
Common B
4 '/a
55c
3-
1
2-14
3-15
2-10
Richmond
3-15
2-10
Rio
50c
2-15
1-31
Valley Gas
Robinson, Little & Co., Ltd., class A
1-31
Rochester Gas
2-20
2-10
Rockland Gas Co.
2-28
2-16
Rockwood
$1
3-31
3-20
5%
3-10
2-10
5%
2-15
———
$1.12Vi
——
1-31
5 7®
1
3-15
Rolland
4-
35c
2-25
75c
2-
2-15
1-30
prior
.
California
2-14
35c
(quar.)
3-
1
3-
1
2-16
Coiftmon
6-
57®
3
(quar.)
Ltd., common
2-16
1-26
1
2-14
Stores,
Inc.
Motor
3-29
1
4-
1
3-11
15c
Strutners Wells
4-
1
3-19
4-
1
3-19
Class
4-
1
3-19
Suburban
Sun Oil Co.,
2
Sun
3-15
3-
1
3-
2-16
t$1.06'A
37'Ac
1
6%
12'Ac
3-
1
12'Ac
3-
1
2-18
3-25
2-28
4-1
3-15
4-
1
3-22
4-
1
3-22
3-
1
•i:
$1
;,7
2-14
40c
2-16
2-
5
2-16
2-
5
Oil, Ltd.—
preferred
$20c
(quar.)
15C
&
Die
2-16
••2-
a
3-15
2-25
5c
2-16
1-30
2-16
J-30
25c
3-20
3-10
5C
Co.
2-28
2-18
3-
2-16
iquar.)
(quar.)
Oil, 67®
2-16
37'Ac
(quar.)
Machine Tool
Tool
1
3-
25c
(quar.)
(quar.)
common
Swan-Finch
2-15
1
31 'Ac
preferred
Superior
2-27
3-
25c
Ray Drug CO., common——
Sunstrand
1-30
3-12
25C
(quar.)
Propane Gas Corp.
2
2-
2-16
56c
Corp., common (increased)
partic.
2-
3-15
,
25c
_—
tquar.)
2-18
2-15
I
2-18
1
25C
pld.
2-13
2-15
3-
3-10
4-
50c
2-1
A
1
Works,
iquar.)
1
(D. A.)
3
2-19
50c
Inc.
Textiles, 4'A7®
preferred
'
3-
3-
3- 2
(quar.)„
3-
Stuart
v
4-1
$15C
2-15
$1.25
3-' J
4-
Truck
Stern
{15c
__—
4-15
(quar.)
{15c
—
2-10
2-24
—
3-1
3-
'
2-13
3-15
$25c
(quar.)
& Co.
&
2-10
3-15
3-10
Stokely-Van Camp, Inc„ common
57® prior preference (quav.)_—
Stonega Coke & Coal—
$1.25
(quar.)
Roxy
(quar.)
Stern
2-28
60c
Ltd.
Drug,
Sterling
1-30
2-20
25C
$1.25
(quar.)
4'A %
preferred (quar.)
Theater $1.50 preferred (quar.)—:
Royal Crown Bottling (Louisville, Ky.) —
3-10
3-
2-25
3-20
1
$250
Brothers
2-16
1-3G
1
$31 '/4C
$1.25
——--
$1.25
(A.)
3-24
30c
(quar.)
Co.,
Sterling
1
3-
50c
;
$1
pfd. F (quar.)
(quar.)
preference
Paper
Sterchi
2-25
{25c
(quar.)
(quar.)
common
A
Stein
2-16
34-
Ltd.—
42'Ac
Electric, 4%
Extra
2
$1.25
________
(quar.).
&
Co.,
preferred
preferred
2-15
20c
—
preferred (quar.).
(irreg.)
&
2-19
1
3-24
5c
Grande
15c
3-15
3-
Materials,
Supply Co.
Bros.,
1
$1
(initial)
Fuel
25c
Works
15c
$0.59375
Stedman
25C
;
Cedar
State
25c
—
Extra
25c
1-26
1-26
$1.12'/a
(quar.)
1-3C
(quar.)
2-16
2-16
40c
(quar.)_
% preferred (quar.)
Richlield Oil Corp.
Inc.
4-12
45c
—
1
40C
conv.
■.
45c
(quar.)
—
Rheem Manufacturing Co., common
1-26
$1.31'A
.i.
com.
(quar.) ——
3-
93 3/4 C
2-10
1
noc
37'Ac
50c
Petroleum
3-
2-1G
quar.)
preferred—
Participating
—
Standard Railway Equipment Mfg
(initial)
2-13
1
20C
Common
Gas
3-15
3-15
$1
Partic,
Natural
ft
3-
tquar.)-
4-15
&
2-
2-23
5
'
pfd.
conv.
Indiana
Paving
2-16
3-
ouc
Co. of Ohio com.
preferred A (quar.)
Standard
1-15
40c
Standard Oil
33A7®
3-15
2-15
87 'Ac
-e;————-ui-A-e———
■
5
36 >/4C
Co.
Dredging, $1.60
1
3-
4-
T3c
pref. (quar.)
com. (quar.)_
4-15
Republic
2-13
3-15
t3c
45c
1
2-16
3-10
5
(Detroit)
2-10
1
50c
$1.12'A
Forgings Corp. (quar.>
Standard Oil Co, of California—-,
1-20
dividend)
2-17
Standard
9
1
4-. 1
2-17
1
{$1.25
1
4-
4-
1
3-
(quar.)
3-
25C
3-
$1.37 >/a
conv.
Ltd.,
25c
$1.12'/a
3-
$1.37'/a
Co.
Brands, Inc., common
preferred (quar.)
$3.50
87'/ac
(quar.)
1-31
3-15
(quar.)
Standard
{25c
2-16
2-10
:
$40c
5%
(stock
(Conn.)
Insuiance
{40c
1
2-20
2-20
$1.50
Quarterly
(quar.)
3-
10c
Spencer Kellogg & sons (Increased quar.)
Spiegel, Inc. $4.50 pfd. (quar.)
Springer Sturgeon Gold Mints, Ltd. (interim)
Siadacona Mines (initial)
2
5-14;
10c
(resumed)
convertible preferred (quar.)
Spear & Co. $5.50 1st pfd. iquar.)
$5.50 2nd pfd. (quar.)
2
1
'4UC
(quar.)
common
Inc.—
common
6 7®
<3-1
4-
Investors,
Withington,
1
2-25
—_ —
of
-
5-
1
Mfg. Co.
Corp.
2-25
—
6-15
—
5-
25c
pfd.
2-27
(Dallas)
15C
1
_i.__
Co.
Paper $5
3-15
Southwestern Life Insurance
Increased
(quar.)
1
(quar.)
15C
—j.
Glass.2^
Fibre Brush
Oxford
2-
$1.25
—
Investors
(quar.)
(quar.)
Oswego Falls Corp., 4Vi%
4-13
2-28
Co.
(quar.)
3-
Oliver
Outboard
4-15
Service
Fund, Inc.—
(quar.)„_^
4-
common..—;
Corp.
(quar.)
Osgood Co., class B
5
40c
Electric
B
{25c
—
A
3-
Southwestern
A
{3c
4%% preferred A (quar.)t__
Old Ben Coal Corp.j___t
Olin Industries, Inc. com
Owens
Repuolic
10c
preferred
3-15
3-15
preferred
$$1.75
(quar.)__
common
Gas,
5
20C
1
preferred
{$1
—
(interim)
Natural
2-
Co
6%
25c
•
r;Extra
Oklahoma
8-13
2-16
■
Common
3-5
15c
—
(quar.)
Mills, Ltd.,
preferred
(quar.)
4%
2
8
9-15
25c
$1.75
—
—
pfd. (quar.)
(111.) com.
Republic
Ohio Associated Telephone $2.20 pfd.
Ohio Oil Co. fquari);
V
2-
3-
3-25
$1.12Vi
:
.Co.———-—.
Ogilvie Fiour
7%
2-16
6
$1.25
50c
—
preferred (quar.)
Republic Drill & Tool Co. —
Common
(stock dividend)
6
2-
{$1.50,
Co.
(quar.)
$4.50
4
2-
$1.25
(quar.)
50c
preferred
Stock dividend
;
(quar.)—
preferred
6%
(quar.)
Norwich
3-
40c
(quar.)
Nutrine
3-20
60c
-
(irreg.)
preferred (quar.),
Nova-Scotia Light & Power—-
*
2-20
2-16
Co.
preferred
Spring Bed
25c
(quar.)
Remington Rand, Inc. com. (cash dividend)-
2-18
30c
Mfg.
conv.
non-cum.
non-cum.
4-
2-
X *
57®
Southern
2
2-
5
57®
2-16
3-15
2
3-
2-13
2-
2-16
1-20
3-12
2-13
1
2-16
2-
2-16
3-15
1
4-
—
-
2-29
t30c
3 7'AC
(quar.)
3-15
1
10c
Ltd.
7bc
3-
40c
$0.2542
•
Co.,
Co
$1.25
4-
$1.18'3/4
com.
Gas
Co., common (quar.)
preferred (quar.)
;
3-
12'Ac
Holder0
Payable ofRea,
non-cum.
57®
25c
.—
(quar.)
(initial)
Power
Southern Railway
25c
preferred
preferred
non-cum.
3'/2%
12-16
2-25
3-10
$1.60
Reliance
Service—
.:4'A%
,
12-23
50c
(s-a)
Gas
Public
9-20
$1.50
1
Y
N.
——f.—
_
6-20
1
$1
(quar.)
(quar.)
Public Service
Northern
3-20
1
25c
——„——
Insurance
Northern
1
710-
20c
-
preferred
80c prior preferred
North Pennsylvania RR.
4-
20c
20c
preferred
80c
20c
preferred
80c
Canada
60c
$25c
Ltd. com. (interim)
preferred (quar.)
87Vic
3-10
preferred
30O
Regent Knitting Mills,
Corp.—
preferred
preferred
1
4-
When
Share
$1.50
preferred A (quar.)
7%
1
3-
4.88%
$2
!.
7%
Southern Natural
25c
(quar.)
prior preferred
Southern
1.-23 V
2-9
$25C
.
.
Real
2-27
25c
(quar.)
com.
EXtra
4%%
2-27
3-31
$1.25
Quebec Power Co. (quar.)
Randall Co., common (quar.)
2-25
Company
49
California Edison—
2-16
20o7
Ray-O-Vac Company (quar.)
Rayonier, Inc., common (irreg.)
$2 preferred
(quar.)
Reading Co,, 4% non-cum. 1st pfd. (quar.)_
Reading Tube Corp., class A (quar.)
Red Owl Stores, common (quar.)
15c
:v
Shares
Preferred
Coast
Per
Name of
3-31
$1.75
*
Quaker Oats Co., 6% preferred (quar.).^—
Quaker State Oil Refining Corp
9c
7c
Fund
Investment
Corporate
5
Co.
preferred
8%
18c
Industry Series
Industry Series.—
Industry
National
Pyle
6c
Tobacco
Diversidied
2-
—
—
9c
9c
12c
Series
Equipment Industry
Diversified
Holdert
Payable of Reo.
$1.25
7%
5
Industry Series
Merchandising
Series
Oil
(789)
Southern
Puget
5
2-
Machinery
Metals
5
2-25
Series
Stock
When
Share
preferred (quar.)————
preferred (quar.) —-—
Sound Power & Light (quar.)
Pure Oil Co., common (quar.)
5% convertible preferred (quar.)
Purity Bakeries Corp,- (quar.)
Purity Flour Mills, Ltd., common (s-a)
5
2-
2-25
Bond
Government
Insurance
2-
2-25
7c
——
Supply Industry Series
Chemical Industry Series.—
——
Electrical Equipment Industry Series
Food Industry Series..
*
of Company
$5
2-25
8c
Series
Stock
Building
_
Per
Name
9c
8c
4c
Series———
Industry
Industry
CHRONICLE
Public Service Electric & Gas—
industry
Automobile
FINANCIAL
Holders
Payable of Re0.
Stocks, Inc.—
Agricultural
Bank
Share
j
&
i
prexerred
37 Vac
(quar.)
2
'
5%
preferred
Pacific
Gas
&
(s-a)._
22i-2
$2.50
6-15
8
preferred
(quar.)r
:
4%< 2hd
2-15
-
Electric.
6%
pfd.
1st
2-16
37V2C
(quar.)
1-31
Ruppert (Jacob)
Co., common
25c
;
3-
1
2-16
;
preferred
Swnt*IB" Co.
(quar.)
10c
—
(quar.)
3- 2. '
40c
1
4-
2-16
2-27
■
5 'A %
5%
1st
1st
Pacific
preferred
preferred
Lighting
Pacific
Mills
4%
&
Transport
Pipe Line,
Consolidated
Utah
Rig
&
preferred
Reel,
Ltd.
com.
_
4.40%
preferred
Common
Extra
Corp.
(The)
3-15
Seaboard
2-
7
$0.2083
3-
1
2-
7
Co., Ltd., 4%
Secord (Laura)
$26
3-
1
2-
7
3-
1
2-14
6-30
6-12
50c
4-
3-15
Security Title Insurance & Guaranty Co.(L. A.)
25c
3-15
3-
Seiberling Rubber Co. of Canada, Ltd
f75c
68%c
1
1-31
$1
4-
1
3-15
4-
1
3-15
75c
_
2-16
75c
7%
pfd.
2-
1
2-19
3-
1
2-20
3-
25c
(quar.)—
2-19
2-20
2-25
4-
3-
4-1
3-
30c
3-31
3-5
3-31
3-
5
7%
2-
2
2-16
Oil
Co.,
Portland
Transit
Signal
of
$1
3-
1
2-20
3-
1
2-6
50c
3-
1
2-11
-
33-
1
15c
Steel
Co.
53'Ac
4-
1
3-20
62'Ac
3-
1
2-13
$1.37'A
3-
1
2-13
(quar.)
2-14
3-
2-14
Ltd.
of
Co.
L:
Indiana
dividend)
Gas
&
2-16
4-1
3-12
{30c
2-16
2-
1/20
Water
for
...
$1.06'A
of
a
(quar.)
1—
of
i_
Corp of New Jersey—
(quar.)
preferred
preferred
7%
preferred
8% preferred
6%
3-
1
2-14
87'Ac
3-1
2-14
84c
2-16
1-30
3-15
2-27
(monthly)
(quar.)
(quar.)..
Public Service Co. of New Mexico
class A
Co.,
Oil
2-16
2-
6
Tide
Water
Power
2-16
2-
6
Tilo Roofing
3-31
3-15
Timken Detroit Axle
3-15
2-25
Timxen
Tishman Realty
Class
Dairies,
Ltd.,
Silverwood
Simon
Saw
&
Co.
(H.)
57®
—
—
& Sons,
Inc.
(quar.)„!
Ltd. corn.
preferred
Co.
&
Sons
preferred
Aircraft
(quar.)
—
(111.),
2-15
1-31
Trane
Soundview
Pulp
Bend
2-16
Southam
{20c
5-
1
4-
4-
1
3-10
$1.75
3-15
2-16
Southeastern
$2
3-15
2-16
Carpet Co.,
90c
preferred
Salle
2-28
3-15
3-
50c
3-15
3-15
50c
20c
com.
pfd.
(quar.)__
preferred A
Street
(quar.)„
Bag
&
(quar.)
Lines
3-
$1
2-11
1
10c
2-16
20c
2-16
62 "2C
1
1-30
I
1-30
Union
Electric
Corp.
Rubber
&
of
Co.
1
3-20
2-24
2-14
17'AC
(quar.)
(quar.)
4-2
3-10
2-16
1-31
4-
Missouri—
(quar.)
$1.12 >/a
3-
1
$3.70
92'Ac
2-16
1-33.
1
$3.50
preferred
preferred
(quar.)
3-
(quar.)
87'Ac
2-16
1-31
3-15
3-
1
93 3/4 c
3-10
2-20
Union
Oil Co.
of California—
1
2-13
3>
1
2-13
Union
4-
1
3-10
United
4-
1
3-10
Corp., 57® preferred (quar.)
United Air Lines, Inc., 4'A% pfd.
iquar.)__
4-
United
1
3-10
3-15
$3.75
2-19
preferred A
Tank
Car
Co.
(quar.).
(increased
quar.)—;—
Biscuit
of
Co.
3-
1
3-
1
2-13
$1.12'A
3-
1
2-10
3-
1
America
25c
B
2-13
{38C
3-
1
2-25
2-
2
United
Electric
3-15
2-16
United
1
2-
4
3-
1
2-
4
3-12
3-
1
2-28
1-31
3-10
2-24
2-17
2-
6
2-17
2-
6
4-
3-12
Engineering & Foundry—
3-
1-31
75c
3t-l 2
{75c
1-15
2-28
25c
(quar.)__
(quar.)—_T——————.
2-14
t25c.
{30c
Corporations, Ltd., Class A
Class
2-16
65c
$1.25
V'
Aircraft
$1.12'A
30c
Extra
Common
77®
Coal
(quar.i
—
(increased)
preferred
$1.75
(quar.)
United
55c
Illuminating Co
United Light & Railways Co—
3-
5
3-
5
1-30
7 7®
3-
1
2-14
6.367®
3-
1
2-14
67®
35c
1-30
2-20
2-
9
prior
2-10
United
1
1-30
U.
22'Ac
2-15
1-31
4-10
3-29
3-15
3-
1
3-31
3-
S.
Specialties
Electric
Series
2-13
3-31
75c
2-28
2-14
60c
2-27
1-16
3-
2-16
U.
Co
40c
1
S.
$1.12'/a
3-
1
2-14
2-16
1
2-16
Leather
U.
S.
Lines
4'A 7®
U.
Machinery
Co.,
Co.,
class A
common
2
2-10
2-16
1-31
3
1
2-18
3-15
2-13
3-10
2-25
7-
6-15
22'Ac
preferred (s-a)
1
'
'
70C
;
3-20
70c
6-20
70c
9-20
70c
12-20 '
—;
L———
3-
50c
62'Ac
—
Pipe & Foundry Co.—
Common
(increased quar.)
Quarterly
3-
$1.06'/4
(quar.)
(quar.)
S.
Quarterly
2-
Corp.—
participating preferred
S.
2-16
1
2-28
4c
—
Hoffman
4'/4 7®
Quarterly
Paper—
1
3-
Light & Power Shares—
B
U.
2-14
2-16
3-
$1
1
{25c
3-
53C
50c
(monthly)
25c
3-10
1
58'Ac
(monthly)-
preferred
prior preferred
prior preferred (monthly)———United Shoe Machinery (extra)
3-
31'Ac
i
6-
2-27
preferred
10c
^
1-23
6-15
3-10
$4.50
20c
(quar.)
Works (quar.)
2-16
30c
1
25C
(quar.)
2
2-16
3-
62 '/a c
25c
(quar.)
2-
2-20
30c
Asbestos
87'Ac
conv.
Greyhound
Advance
South La
2-16
3-1
3-1
■
$1.75
Tung-Sol Lamp Works, common (resumed)
80c preference (irreg.)-.
97'Ac
(quar.)
(s-a)
(increased)
Uarco, Inc.
3-15
{15c
Co.
City Seventh Unit, Inc.—
preferred
(accum.)
208
2-10
3-
3-23
50c
Tudor
1-31
1
2-20
{15c
(quar.)
2-13
2-14
6-23
9-16
25c
3-13
1
8
$1.06'4
Troy & Greenbush RR. Association
3-
7-
9-30
Co
(quar.)
(increased)
Truax-Traer
$15
(quar.)
Co.
Lathe
Co., Ltd.
Pump
2-14
Coal
8
preferred
4'/4 7®
Company
4-
12'Ac
2-14
30c
Co..
convertible
&
5
Co.—
Co.—.
Tank
2-25
3-10*
3-
25c
Oil
3-15
3-20
25c
Elevators, Ltd.
2-16
2
1-31
25c
& Construction
2-25
9
2-
2-10
25c
2-25
,
;
1
75c
____
Edison.
45c
common
Electric com.
Society Brand Clothes
Socony-Vacuum Oil Co. (quar.)
Corp., common
4VzVo
Toledo
Toronto
2-15
6-15
.
50c
Co.—
$1.25
i_
preferred
(A.)
Tckheim
1-31
1-31
3-
15c
;
Bearing
30c
———
(quar.)
Ink
(M.)
Southern
2
Co.
2-16
30c
(quar.):
50c
(interim)
Sonotone
South
3-
2-15
8
3-15
6-25
15C
Co
(quar.)
Co.
Brewing
United
(quar.)
(s-a)
City Gas &
$1.25
2
Tivoli
3-
1
50c *
R.)
Quarterly
Quarterly
Quarterly
2-15
60c
(irreg.)
(quar.)„———
Sivyer Steel Casting Co
Solar
4-
1-16
1-17
4-
50c
(quar.)_„
(John
Roller
{27'Ac
{$1.25
Co.
Preferred
3.9%
2-25
Dairies, Ltd.—
(irreg.)
redeemable
Sleight
(quar.)
A
(quar.)
Steel
preferred
Skilsaw,
3-10
{30C
2-11
2-1)
3- 1
Quarterly
2-25
{30c
Western
preferred
4 'A %
(quar.)
com.
————
class
(interim)
B
Simonds
r
5
3iylc
(quar.)__
50c
(quar.)
——.—A—'.—
2-16
01
Associated
25c
quar.)
Extra
3-15
1
Water
50c
3-15
to
Tide
Fair
Mills
Union
—
$1.25
2-16
2-19
$1
B
^50c
25c
3-10
o2'Ac
Extra
■3'A7®
—_
(initial
A
Oil & Gas
Smith
New Hampshire—
(quar.)_—
Common
$5
2-13
45c
Co.
preferred
Public Service
rH
share
—
preferred
2
share
each
CO
class
Class
Sioux
.
Service
7
Colorado—
(quar.)—...
Public Service Co. of Indiana—
(stock
2-
3-1
56'Ac
(quar.)
(s-a)
2-15
35c
preferred
Common
.
25c
1
3-
.3-5
1-3.1.
Thompson
4-
25c
1-33
2-18
Fair—see
Thomastor.
$6
(quar.)
common
Simpsons, Ltd., class A
3-1
12'Ac
(quar.)
Co.,
i
2-15
1
2-25
3-5
600
3-
3-15
4-1
2-15
2-18
3-15
9*
2-
2-19
15c
2-
15c
4
2-28
3-10
preference
(quar.)
(The) Chicago
convertible
$2.40
The
2-
(quar.)
3-10
2
3-12
One
(quar.i
common
{$1.75
——_——
(quar.)
2-13
3-25
preferred
Mfg.,
1
of America—
3- 3
3-5
40c
2-13
1
Canada—•
of
Co.
Simmons
50c
1
Williams
Corp.
5 7®
Glass
25c
Silverwood
2-15
convertible
10c
Corp
Signode Steel Strapping Co.,
:
5% preferred (quar.)
1
3-12
quar.)
4fA% pfd. A
Car,
Service
/
(quar.)
(stock- dividend).
30c
2-14
4-
1
{75c
$1.25
{ 25c
(quar.)
;
2-14
4-15
t75c
(s-a)
(quar.)
America
1
37'Ac
(increased
Provincial Transport,
held.
2-11*
25c
Co.
4'A%
3-
75c
Ltd.
Mfg.
New
$1
Electrotypers,
A
2-11*
91'Ac
(quar.)
Co.
class
3-1
Shoe
Oil
&
com.
1
{50C
Co.
Pen
A.)
preferred
20c
B
31/2%
4%
2-16
2-16
3-
3-12
,
4,v::1/.,
2-16
share of Dorset Fabrics for each share held
1
{ 75c
Sherwin-Williams
1
3-
2-12
$1.12'/a
(quar.)
A
(quar.)
preferred (quar.)—
1
3-15
Inc.,
1
—
——
Sherwin
3-
Coal
Extra-
Textron,
15c
—
(W.
Extra
3-
2-18
2-18
3-10
4-1
y;y
25c
1
1
25c
-
—
Sheaffer
25c
Pacific
Texas
3-
3-
23c
,
Common
25c
(quar;),
Company
&
3.35%
Extra
1
3-10
3-10
50c
(quar.)
3-
(quar.)
(s-a)
$1.50
(s-a)
2-11
1-30
75c
2
3-
(qupr.)_
(quar.)
B
1
1
3-12"
25c
Co
{25c
Winnipeg Brewery, Ltd., class A (s-a)
$1.25
—
Corp.
Class B
preferred
Class
Sheller
3-
2-12
1
25c
(quar.)
Brewing
Co.
1
4-
50c
4-
(quar.)
Common
1
Texas
3-
t50c
■
25c
quar.)
(initial)
-——
A
$1
1
1-30
1
$5c
-i.
Co
10c
(initial)
(initial
Servel, Inc., $4.50 preferred (quar.)
Shawinigan Water & Power—
4%
2-15
Inc.
3-
50c
{20c
(quar.i__L
com.
*
Extra
Shea's
Tennessee
1
1
$25c
iquar.)
{50c
new
Service
Corp.
35c
(increased quar.)
——
Plymouth
Public
9
2-16
3-
$1.75
(quar.)—
Co
Wire
9
$1.12'/a
(quar.)
Gear.
2-
Tampax,
4-19*
11c
Extra
Serrick
25c
Pittston
of
3-
$1.25
;
.
>
1-31
2-27*
5-
1-30
2-16
3-
15c
(quar.)
Electric
3-1
75c
$0.2917
Candy Shops
preferred
Class
Pittsburgh Steel Co., 5% pfd. A (accum.)—
5ya% prior preferred (quar.)—
Public
1
Co.—
Pitney-Bowes, Inc. com. (quar.)
4'A% preferred (quar.)
Pressed
1-15
3-
$1.10
(quar.)
Power
pfd.
Engravers &
Potash
2-16
preferred
Thatcher
partic. preference (quar.)
^
Extra
47®
3-12
Investment
Securities Acceptance Corp. (Omaha)
Seismograph
Extras
Class
5
92>Ac
...
Phillips-Jones- Corp. (increased)
Phillips Petroleum Co. (quar.);
Pillsbury Mills, Inc., common (quar.)
Poor
1
(quar.)
International
Security Bank Note
New
Tampa
40c
1
Co.
&
7-16
25c
3-
50c
T
Insulated
$4 preferred
(Del.)
Co.
Sears
Second
Philadelphia Suburban Water, common
$3.65 preferred (quar.)
■
Oil
2-29
2-29
Canadian
4-16
1
{19c
3-15
Roebuck
1
8-
{31 'Ac
3-15
Extra
Photo
3-26
20c
■
2-10
5-
91'Ac
—
—
{20c
Philadelphia Suburban Transportation (quar.)
;
Scovill
Manufacturing, $3.65 pfd. (quar.)
Scythes & Co., Ltd., common (quar.)
57© preferred (quar.)
_
Philadelphia
2-13
2-20
Syracuse Transit Corp.—
Taggart Corp.
Talon, Inc.
Tamblyn (G.), Ltd., common
25c
Co
2-20
Phelps Dodge Corp. (increased)
Philadelphia Co., $5 preferred (quar.)
$6 preferred
(quar.)
Philadelphia Electric Co., common (quar.)—
$1 preferred
3-26
Dillon
2-20
(quar.)
com.
&
Pfeiffer Brewing Co.
Scotton
1-30
^
$1
55c
—
1
—
(quar.)——
&
3-4
2-10
1
Special
85c
(increased)
common
1
_
4'A%
$3.40
3-
—
Perkins Machine
2
2-25
3-
27'Ac
(quar.)_
A
2-20
27'Ac
pfd.
(quar.)
preferred- (quar.)
2-
Co.—.
B
Co,
Paper Co.,
5'A%
A
3-10
12'Ac
(increased)-
Corp.
preferred
3-
'.
(quar.)
Pepperell Mfg.
Arms
%
t35c
(quar.)
(quar.)
preferred
5 Va
3-24
10c
(quar.)
Water
Schwitzer-Cummins,
3-15
$1.06 'A
(quar.)—
(quar.)
preferred C
Pennsylvania
Savage
2-27
25c
....
(quar.)
3.70%
2-10
1
1-31
15c
(quar,)
2-15
50c
—
Co.
4-
50c
common..,.
Co.,
Electric
Pennsylvania
Pfaudler
Snops
Paper
3-15
2-16
5'A%:pfd. (accum.)
preferred
Perfex
Regis
15c
Peninsular Telephone
$5
faaco-Lowell
3-10
$1.05
(quar.)
1
10c
RR.
Co
2-27
held
Wilcox
&
Brewing,
Penmans
Aeronautical
Scott
share
(quar.)
Transportation
Stow
$3
1
—
Peabody Coal Co., common
5 % prior preferred
6% pfd. (This payment clears arrears)
Peller
3-
Whitehall
&
75c
(quar.)—
Mines
(resumed)—
Mfg. Co. Ltd. com.
preferred (quar.)
Peck
3-15
$1
shares for each
Park
Parkersburg
7%
Ri'an
St.
—-
Pictures, Inc.
Paton
1-20
Co.—
(quar.>_
com.
(quar.)
(stock dividend)
Co.'s
Parmelee
2-16
75c
...
Paramount
$4.25
Rutland
4-
$1.12'A
(quar.)
$1
Eastern
additional
Two
1-31
75c
(quar.)
Petroleum
preferred
Paraffine
2-16
31'Ac
:
Irregular
Panhandle
preferred
1-31
'
Corp.
4'A%
2-16
34%c
(quar.)
(quar.)
Pan-American
(quar.)
—
7
2-28*
-
5-31*
' -^8-31*
•;
'■ 11-30*
•'
(V ,W
H-
/.
50
(790)
THE COMMERCIAL
&
FINANCIAL
CHRONICLE
"
Pet
When
■"
'
''
"
;
"
mmmmmmrni
n»
imiiuw
i
Monday, February 16, 1948
i
i
Hotaer
mm
i
[•'•v*5>{*'"X!?•t.vv• • v:--
i
i
i
i
U.
S.
Playing
Extra
U.
S.
Card
_
_
.
preferred
Share
,
(quar.)
U.
Spring & Bumper, common
V2 %
preferred
(quar.)
S. Steel
7%
Corp.,
preferred
United
Steel
United
Stores,
Universal
1
1
3-
$1.25
Co.
Pictures, 4V4%
Products
Universal
Walton
2
3-10
$1.50
2-16
Warren Petroleum Corp.,
1-30
3-
1
2-13
Waterous, Ltd., 80c class A
3-
25c
__
Utah-Idaho
pfd.
$1.06 V*
(quar.)
(quar.)
prior
Co.
5%
prior
5%
Van
Raalte
New
Vick
2-20
2-20
2-27
62'/2c
4-
1
7-
1
10-
1
9-20
1-2-49
12-21
62'/2c
cash
Steel
dividend)
50c
1
Dare,
Ltd.,
Virginia
Dare
Stores,
5%
2
1
2-13
1
2-16
3y2%
1
2-19
3.80%
3-
2-18
Weston
Electric
Weston
6-
3-1
$1.25
(quar.)_
6-21
1
preferred
(quar.)__
Vogt Manufacturing
37 Vic
6-
1
Whitman
(Wm.)
common
__
_
5-
1
4-15
Whitaken
37 Vic
Corp.
8-
2
7-15
Wilkes-Barre
20c
3-
1
2-13
Will
_
&
ALABAMA
pal and interest (M-S) payable
at
the
City Treasurer's office.
County (P. O. Birming¬
Each bid must state the bidder
ham), Ala.
offers par and accrued interest to
Bond Sale—The $199,000 bonds
date of delivery,
and the pre¬
offered on Feb. 3—v. 167
p.478—
mium
if
any.
The opinion of
were
purchased by a syndicate
O'Melveny & Myers of Los An¬
composed of ^ Stubbs, Smith &
geles, approving the validity of
Lombardo, of Birmingham, First
the bonds, will be furnished the
National Bank of Montgomery,
purchaser. These bonds were au¬
Busch Securities Corp., of Mobile,
thorized at the election held on
Thornton, Mohr & Co., of Mont¬
June 3, 1947.
A certified check
gomery, Fox, Reusch & Co., and
for 3% of the principal amount of
Brown & Co., both of Cincinnati,
the bonds, payable to the City, is
as 2V4S, at a price of
99.85, a basis
required.
of 2.278%, as follows:
funding bonds.
42,000 refunding bonds.
12,000 court house and jail
funding bonds.
Co.
Dated
April 1, 1948. Due serial¬
April 1, from 1949 to 1958
inclusive.
Principal and interest
payable A-O.
The next highest
ly
on
bidder
Watkins, Morrow
Co., for 2i/4s, at 99.55.
was
&
same
warrants
time
offered
purchased by the
were
bonds
held
authorized
on
at
the
are
the
election
Jan. 20.
Lace
Mfg.
nurses'
home
California
Bonds
held
Voted—At
Jan.
en
the
on
1958
inclusive.
March
1,
from
1949
30
Interest
payable
highest bidder
was the First National Bank, Bir¬
mingham,
and
Associates
for
2V2s, at 101.01.
M-S.
The
next
Porterville
an
election
voters
of
ap¬
$687,000
ARKANSAS
Bonds
held
county
hospital bonds offered Feb. 10—
167, p. 694—were awarded to a
syndicate
composed
of
W.
R.
Stephens
Investment
Co., Hill,
v.
&
Lanford,
and
T. J.
Raney & Sons, all of Little Rock,
at a price of par.
Jan.
the
(P. O. Visalia),
—
20
At
an
the
issuance
election
voters
of
ap¬
$250,000
construction bonds.
Redwood City School District, San
Mateo
County (P. O. Redwood
City), Calif.
Voted
Jan.
on
proved
the
—
23
At
an
the
issuance
voters
of
ap¬
$508,000
Election
consideration
an
issue of $400,000
parking revenue bonds.
Saratoga
Sch.
offered
on
$125,000 school
Feb.
2—v.
by the
American Trust Co., of San Fran¬
cisco, and Paine, Webber, Jack¬
bids until 10
son
for
17
not
to
bonds.
nomination $1,000.
Due on March
follows: $25,000 from 1949 to
1958, and $20,000 from 1959 to
1968, all inclusive. Rate of interest
1,
to
as
be
and
in
must
the, bonds.
multiples, of
be the
V4
name
of
for
1%,
all
of
No bid for part of the
p.
590—were
&
purchased
Curtis, of Chicago, at price
of 100.012, a net interest cost of
3-1
.£
\"tu' $"*
•Transfer: books not
4-
1
3-17
30c
3-
1
2-16
lOc
2-16
pfd.
2-10
resident
tax
.
3-20
4-
/
2-28
2-14
«
2-28
2-14
37Vic
'*
•
closed
15% ft resident
Less
British
—
a
2-20
1"
;>
10c
(quar.)
uu
income
jttii.u.vu
.
tax
4-20
4-30
37 Vic
*
7-20
7-31
■
3-15
2f>c;
*'
,-
C
/•.'>
I,
2-19
'
'
1'
3-
:
$13-15
'
.
j
this dividend.
for
tPayable in U. S. Funds, less
tPayable in Canadian funds,
.
1
25c
.
2-16
2-27
3-
10c
'
«■■
2-1
,
!
2-27'!
3-15
15%
Canadian
tax
deductible
non-residents'
the
at
tax
Non¬
source.
7%.
tax..
tax.
income
Charles W. Scranton & Co.,
of
100.031.
ly, 1.60s, 100.177.
Blyth
was
&
Co.,
for
Connecticut (State of) '
Sales Tax Legislative
Conaughy
Governor
—
has
convene
nor3
Feb.
on
a
special
Legislature to
17.
The
itself
only
the
3%
tax
use
conditions he
wishes to
der,
he
the
The Governor
Bond
see
sales and
broaden the
the
are
fol¬
use
tax to 2%
low-cost
and
•
11—v.
167,
Dated
$10,000
on
Feb.
Feb.
bid
of
by
White,
York.
..
VJ:
^
-
of
,
-
prior
Jan.
to
1,
Jan.
and without premium if
1963,
1,
redeemed
.
thereafter.
The bonds will be issued under
:
and secured by
Trust
the
the provisions of a
Agreement by and between
Board
sioners
acting
of
as
of
County
Commis¬
Dade
County, Florida,
Dade County Port Au- ?.
thority,
and Chemical Bank &
Company, as Trustee, dated
as of July
1, 1947, and the prin¬
cipal and interest of the bonds and
Trust
of
all
der
bonds hereafter
the
provisions
of
issued
said
un¬
Trust
$66,000,
1956;
the
1957;
1959;
$70,000,
1958;
$75,000,
1960;
1961;
1963;
$79,000,
$83,000,
1962;
1964;
$73,000,
«
the
from
Miami
net
of
revenues
the
-
International
Airport,
is owned and operated by
Authority. The bonds were "
validated by decree of the Circuit :
Court of Dade County,
Florida,
rendered on Nov, 29, 1947. Deliv¬
which
New
1,
1947. Rate
to be
,
a
or
.
.
of -New
.
less
or
City will
nished
without
rates of interest
chaser
of
check
for
are
expressed by the bidder in
multiple of lA
York
dated July
All of the borids
Conn. '
bid for
$500,000 Pdint
interest
School Building bofiS^bfv
Feb.
-
thereafter
1955;
1972.
high
,
-
ery of the bonds will be made :
1965; $88,000, 1966; on or about March £2, 1948, in.
$91,000 in 1967.
•
New York City. The approving {
•l j)00j)00 term bonds/ Due, July 1, opinion of Mitchell and Pershing ;
1 from 1949
Co.
Due July
-
and
Sale—The
offered
Airport
follows:
to
redeemed
Agreement will be payable solely
$77,000,
$81,000,
$86,000,
Milford,
1948
as
if
or
on
$68,000,
r
1948-and
1,
Second
&
International
bonds, divided
or
prior
1%
1958,
$64,000,
:
100.178 for l%s was made
Weld
coupon
-
^% o^such or
principal amount if
on
redeemed
1, as follows: $52,000 in 1948;
$54,000,
1949; $55,000 1950;
$57,000, 1951; $59,000, 1952;
$60,000, 1953; $62,000, 1954;
695—were*
p.
inclusive.
interest
5%
$1,400,000 serial bonds.
Stoddard
liams of New Haven, as
l%^hatvaprice of 100.22, a basis of about
Beach
of
registered
revenue
Easton, Conn.
$150,000 Sam¬
Staples School bonds offered;
Bond
|
restaurant
Sale—The
1963
on
Second
acting
exceed
to
of production in industry.
1.72%.
at
County Commis¬
as
Dade County
Authority, will receive sealed
bids until 2 p.m. (EST) on Feb. 19
for the purchase of $3,000,00.0 not
meals, working clothes, all medi¬
cines, and so-called instruments
due
depending
or¬
County (P. O.
Miami), Fla.
Offering—E. B. Leather-
Board
sioners,
exemptions, possibly
include
Feb.
call.
the
at
option of the Authority, in whole
in part, when selected by lot,
any interest payment date not
earlier than July 1,
1953, from
moneys in the International Air¬
port Interest and Sinking Fund, at
the principal amount thereof and
accrued interest, plus a premium
Port
If the Governor's ideas
uel
premiums
maturity,
their
or
are
1952,
1,
:
to
may;
on
Clerk of the Board of County
Commissioners,
announces
that
cial session will reduce the rate of
Bond
Dec.
or
t
bonds
prior
man,
lower, observers believe the spe¬
to
after
or
if |
on
1%
bfc redeethed
term
Dade
the
tax
tax
the
inclusive
and
1965,
1,
mium if redeemed thereafter. The
and
educational
anything
exempted
under
present 8%
sales and use
made taxable by a revised
1963
high bid
of 99.42 for 3I/4S was made by the
Equitable Securities Corp., and
Stranahan, Harris & Co., Inc.,
jointly.
ex¬
also said he does not want to
to
date of
and increased
for
said.
on
various
Legislature-'must
keep in mind the State's need for
$26,000,000 a year to finance the
towns
1953
Jan.
if re¬
deemed thereafter and on or prior
to*; Jan; 1; > 1967* and without pre¬
Feb.
callable, in inverse numerical
The
programs,
offered
1962, 2%
1,
thereafter
redeemed
prior to
Bi
from
see
bpnus, institutional
certificates
on
4%
prior to Jan.
or
is¬
municipal utility
167, p. 695—was awafded
J. Van Ingen & Co., Inc.,
of New York, as 3s, at' a' price of
97.80, a basis of about 3.30%.
Dated Dec. 1, 1947 and due serial¬
ly on Dec. 1 from 1948 to 1963
inclusive,
CertifciatOs
maturing
to
to
sales and
$525,000
10—v.
Gover¬
reducing
State taxes either by lowering the
of
of
revenue
th^ session
advocated^ that
concern
Mc-
called
session of the State
or
prior to Jan. 1, \
if redeemed thereafter ;
and on or prior to Jan. 1, 1959, ',
3% if redeemed thereafter and ori ♦
0
Clearwater I Fid.
Certificates Awarded — The
sue
plus a premium of 5%
principal amount if re¬
such
deemed
FLORIDA
Special
Called
joint¬
1956,
CONNECTICUT
Session
cipal amount thereof and accrued
or
1/10 of 1%. No
than ,95
based
and accrued
on
interest cost of
more
be- considered.
an
the
cost
bonds.
$60,000,
to
fur-
be
the
_
pur-
:
certified
A
payable
to
_
order of the Dade
County Airport
Authority/ is required.
;
•
,
everage
Frostproof, Flcil^"
than 4 % will
,
'
Vy
Thie
Bond Tenders Invited
J. W !
bonds which
Truitt, Town Clerks -Wlll receive July 1, 1953 will be
ley & Co., of New York, at I V^s,
; sealed
subject* to redemption prior to
at a price of 100.025, a basis, of
their respective maturities, at the (E&T,); on March 8 of refunding
about
1.494%.
Dated
Feb^W
1948 and due $50,000 annually on 4>ption of Dade County Port Au¬ bonds/ issue of 1944. Persons sub- r
Feb. 1 from 1950 to 1959 inclusive, thority, in whole (the serial bonds mitting' such tenders must design
10—v.
16?;!,;pi'
695—were awarded to F. S. MoserV
.
mature after
•
2.599%, as follows: $45,000 as 2s,
maturing $5,000 on Feb. 1, from
1949 to 1957; $25,000 as 2V2s ma¬
turing $5,000 from 1958 to 1962,
and
$55,000
as
2%s, maturing
$5,000 from 1963 to 1973, all in¬
clusive.
Dated Feb. 1, 1948. Due
serially on Feb. 1 from 1949 to
1973 inclusive. Principal and in¬
bonds; will be considered. Princif; terest (F-A) payable at the County
2-1.6
40c
2-27
$1.12I/2
! 6%i: convertible preferred (quar.)iji.i__ii'i.
Young 'Vii. :A. fjSpring ff Wire Corp. (quar.)
Youngstown^Sheet & Tube/.
i._
2-10
___'
' •<
(quar.)___.
conv.
-
2-10
.
3-15
,
25c
$60,000 2%s, and $65,000 23/4s, at
bidder
167,
Alhambra, Calif.
Bond Offering—R. B. Wallace,
City Clerk, will receive sealed
(PST) on Feb.
the purchase of $450,000
exceed 4% interest park
Dated March 1, 1948.
De¬
1
1
2-15
3-1;
2-10
1
3-20
(quar.)_
interest,
to
Dist., ,Santa Clara
County (P. O. San Jose), Calif.
bonds
a.m.
33-
awarded to Day,
Salinas, Calif.
Pending — An
election is pending to submit for
Bond
2-10
«2-20
35c
/
50c
jointly, 1.60s, 100.28; Harris Trust
&
Savings Bank, Chicago, and
est
election
construction bonds.
Bond Sale—The
CALIFORNIA
1
3-
$1.12Vi
(quar.)
'/'Extra*—ji—
Cab-Co., 6%'
•
1-30-
•
-1-30
"3- 8
•
••
50C
—
_r__i__j________
Wyandotte Worsted Co.
Yellow
3?10:7;
»
Treasurer's office. The next high¬
Dist.,
Calif
Voted
on
proved
held
Bond Sale—The $200,000
Crawford
Elementary Sch.
Tulare County
Bonds
Polk County (P. O. Mena), Ark.
3;
2-14
i;f-:2-2$'
City Department
budgets,
the
issuance
.
to
2-10
1
program.
warrants.
Dated March 1, 1948. Due seri¬
:
ally
1
3.-
preferred
'
2-14
:
50c
_
prior
Monthly
t$ 1.12(4
3
Sch.
Dist., Los Angeles pansion
aid
to
County (P. O. Los Angeles),
construction bonds.
tal
2-16
•.
50c<
(increased)
Elmonte
follows:
$83,000 refunding road warrants.
25,000 refunding Hillman Hospi¬
(quar.)
Candle
veterans'
price of 101.02,
basis of 2.296%,
3-15
3-
50c
—
4-15
3-8
'
a20%
.
4Vi %■ convertible prior preferred
Wrigle.V (Wm.). Jr. Co. (monthly)
3-18
12(£c
observed.
proved
a
2-16
$1
000
the above syndicate, as 2V2S, at a
as
4>/a%
;>
2
*
1
2-28
.
Worthington Pump & Machinery Corp.—
2
(Mass.)—
some
the
at
Co
March 1 for the purchase of $725,-
building bonds. These
(P. W.|. Co; (quar,j_.
Cuuvnon
2-
Valley Union High Sch.
or
substituting some > other tax
Dist., Riverside County (P. O.
for it.
Riverside), Calif.
Bond Offering—G. A. Pequegnat,
Although leaving the choice of
County Clerk, will receive sealed tax modification up to the legisla¬
bids
until
10
a.m.
(PST)
on tors, the Governor did set down
Warrant Sale—The $108,000 re¬
funding
2-2"
2-16
2-16
Co
rate
Coachella
re¬
2-16
4-
3-15
a35%
,__
'
3-
$1.25
2-18
.
.Bonus
75c
2-
3- 1
PROPOSALS AND NEGOTIATIONS
Jefferson
court house and jail re¬
Woolworth
• -
1-31
"2-3
\25c 'v 3- 5: * 2rl8
ry .yy k/y/yyy
,Ordinary', (final
$1.25
(initial)_____i
Paper
Baumer
BOND
55,000
2-25
•
,
2
2-
2-15
(quar.)
__i."
(quar.)
State and
$90,000 refunding road bonds.
3-10
Westvaco Chlorine Products
New
(quar.)
35c
1
2-15
20c
25o
3-1
$1.50- >.. 4-30
-
(& W.* & Co., Ltd.—*. V
il u+-+
."
75c
pfd.
_
Woolworth
1-19
Instrument.--—f
White's Auto Stores
common
Governor* Co.
1-19
$1.12(4
4'/2%
$2.50
:_1—
urreg.j;
Power,
Woodward
.,
2-16
'
.
■
2-16
(quar.)
common
(Geo.), Ltd.,
3-20
;3* 5
-
2-15
—
,
3-12
Electric Corp., common
25c
preferred A (quar.)
87Vac
preferred B (quar.)95c
2- 5
6-21
3-20
2- 9
3-15
1
Woodall industries, Inc., common (quar.j
25c
2-28
5% 'Convertible; preferred (quar,) w--—4.— ;
31140
3-1
Woods: Mfg.: Co., Ltd. (auar,)
■./ /■'tsocyy :;'3-3
•
3-25
(quar.)
Brake
1
30c
quar.)
(irreg.)
Stationery Corp.
(quar.)
2-20
$1.25
(initial
com.
1
$1.50
;
(quar.)___
25c
(quar.)
2-13
Westinghouse
33-
13114c
2- 2
3-
Tablet &
preferred
Westinghouse Air
2-13
3-
3- 1
8-12
2-14,
2-20
1
3-
8 %
preferred - (quar.)
;
3.60% preferred
90o
Wisconsin Power & Light Co.—:
4 Vi 1/o
preferred (quar.)——$1.12 Vi
.
,
Cramp ton;
Electric
25c
,
(quar.)_
RR.,
preferred A
$1
pfd. (quar.)
class A (initial)
preferred
6%
Pacific
5%
Virginian Railway—
6%
preferred
We&tern
30c
__
5%
Virginia Elec. & Power,
3-
8-16
(s-a)_i
preferred
&
$1.75
(quar.)_
Western Auto Supply
2-11
75c
_
(quar.)
Virginia
$5 preferred
3-
2-12
1st
•
Virginia Pulp & Paper Co.—
4V2%
3-10
25C
Co.
preferred
3-20
5 ','0
2-16*,
1-31
15C.
(initial)
Co., common
(quar.)
Virginia Coal & Coke
West
Wisconsin
2-16
-12%e'
$1-.
17%C-
preferred
Western
(initial
Alloys
Corp.
Chemical
25c
preferred
7%
6-19
62y2c
Penn Electric
6%
West
3-20
62 Vic
(quar,)
Virginia Coal & Iron Co
$5
1
1
9
Inc.—
Co.,
Vanadium
Verney
West
3-
Co.__
common
1
6
3-
Winters
2-14
3- 1
2-16
-
(quar.).
(quar.)
2-
3-
1
Engineering Co.
Oil &
3-
$1
2-14
20c
t20c
Snowdrift, $4 pfd.
West Ohio Gas Co. (quar.)
$1
_
(quar.)
preferred
Norman
Wesson
3-1
3-
2- 2
3- 1;
•
$1.50
_
'
2- 2
,
4-
.
Line, Inc., common/(s-a)
of Her
2-11
Wilson & Company, common—.;;
25c
44.25 preferred -<quar, 1
$1.06 Vi
1
.Holder*'
2-11
25o
4.-,™-'
s,
Wilson
$1.75
Semi-annual
Wellman
2-28
-
(initial).
com.
(quar.)__
(s-a)
i
256'
2-16
2-10 "
■.«
■———
v
~ Share, PavablO
,v
2-13
,
$1.75
new
Company ) '
$1;; preferred /.(quar.)
•
I
3-15
25c
1
$1.12
Wentworth Manufacturing Co.
1
$1.37 Vz
_
(quar.)
preferred
prior
Van
15c
...
preferred
2-16
(quar.)
:
2-20
■'
(quar.)
3-12
15c
Valley Mould & Iron, common
$3.50 prior preference (quar.)
Utica Knitting Co., common
5%
prior preferred (quar,)__
5%
2-16
2-27
3-
22%*
_
_
Co., common
preferred
Wellington Fire Insurance
,
preferred
Sugar
1
3-12
40C
(S. D.)
$4.50
Name oj
Williams (4. B.) Co^ common (quar.)
2-10
2-18
3-15"
15c
137^0
6
2-
Warren
$1
;
.
of Reo.
3-10 '
3-12 •
: 40c ;
Quarterly
2-
3-30
(quar.)
J30c
.
Gooderham & Worts, Ltd.—-■
2-20
Co._
Co.
2-26
(Hiram)
3-10
Winding Co.—
convertible
Walker
$1.75
_
(quar.)_
Universal
90c
1
2
112 Vic
Universal
Upson
2-
jLtd. (qu^r.)-
Walgreen Co., common (quar.)
4 %
preferred (quar.)
Walker & Co., class B
3-15
2-16
tayabU
Company
Waite Amulet Mines,
2-16
4-
5614 c
Ltd
preferred
$6
3-
15c
common
Insurance
3-16
50c
(quar.)___
(quar.)___
Corp.,
Name of
3-16
1
62 Vfec
common
(quar.)
S.
4
4-1
4-
$1
■
.
Payable of Ree
50c
;
_____
_
Printing & Lithograph,
5%
U.
Company
,
j0wf^0"WlVen
■
Name 0/
-
i
/ft- ,'/■vi:,
Among other bids were the folf and the term bonds together but
lowing: Whiting, Weeks & Stubbs.- ho^
separately), on any date not
First
of
Michigan
Corp.,
and
earlier than July 1, 1953/from any
Robert Hawkins & Co., jointly,
1.60s, at 100.412; C. J. Devine & moneys that may be made avail^
Co.
and
Hornblower
&
Weeks,
able for such purpose, at the
prin-
hate
bonds
the
are
price
at
which
offered for sale,
such:
which
offering must be firm for 10 dayS >
subsequent to date of. opening of
such tenders.
-
Volume
V*
167 Number 4673 '••• •
.Gadsden. County Special Tax Sch<
;'
Dist. 'i (P., O. Quincy), Fla. : r
•-
t
v
Bond
Sale
Details—In
tion with the sale of
$352,000 conbonds to the' Quincy
State Bank, of
•,
;
Quincy
'
ed
in
Jan.
our
295—we
,!
p.
.*
were
sold
19
learn
that
mature
•
School
District
bonds.
the
•,
Due
Due
Jan.
on
1,
4
year
was
the
of
sound
period
covered
ment's
report
674.00,
a
Sch.
37,000
/
Special
'
•
10
Miami Beach,
to be held
will
.....
$560,000 storm
i.
000
v
water
sewer
\
At
election
the
'
Bonds
.
held
on
proved
the
—
23
At
the
issuance
the
B.
(CST)
purchase
of
facilities
bonds
Fletcher Trust
author¬
for
Co.,
sealed
on
1951
and
268,000
bonds.
■
of
Chicago), III.
Statistical Data Prepared
on
Revenue Bonds — Statistical data
Nov. 1, 1947. Due
serially on Nov
1 from 1949 to 1957 inclusive. In¬
,
.
been
prepared for ac¬
count members by Harris, Hall &
Co., The First Boston Corporation
ap¬
of
Blyth & Co., Inc., managers
of the investment
banking group
which
marketed
the
issue
bonds
last
August.
Due
on
were
not reoffered for sale
Feb. 4, as had been
previously
reported.
Clay County
Hawaii
-
(P.
by the National Shawmut Bank of
Boston, at 0.90%, discount, plus a
premium of $1.
Dated Feb. 9,
Due Nov. 9, 1948.
highest bidder
was
The next
the Merchants
National Bank, Boston, at
0.91%.
Hampden County (P. O.
Springfield), Mass.
'
and
.
1,
1947.
Bonds
Dated
are
dated Oct.
numbered
60
600, inclusive, are callable for
demption prior to maturity,
Nov.
to
Feb.
8,
O. '
v
,
t
1948
due
and
Notes will
be
au¬
to genuineness and
as
validity
in
by
the First National
of Boston, under advice of
Ropes, Gray, Best, Coolidge &
Rugg of Boston.
Bank
in part, in the inverse
order of their maturity (less than
or
amount thereof; thereafter to and
including Oct. 1, 1969, at par and
18,
1948.
thenticated
re¬
accrued interest, plus a premium
of 1 %, of the principal amount
Spencer Independent School
(Territory of)
thereof; and thereafter at par and
Louisville), III.
District, Iowa
Bonds
Debt Cut 71% Since 1939—Net
accrued interest. The bonds are
Voted—At
an
Bond
election
Offering —• Lula
Flint,
held recently the voters approved
bonded indebtedness of the Ter¬
Secretary Board of Education, will payable solely and only from the;
ritory at the close of the fiscal the issuance of $60,000 road bonds. receive sealed bids until 2 p.m. on revenues to be derived from the
Feb. 17 for the purchase of
year on June 30,1947, was $8,022,$400,- operation by the City of its com¬
Danville, III.
Water Works and Sewer
000 construction bonds. These are bined
•674, a decrease of 71.86% as com¬
Bond Offering—W. M.
Cannady, the bonds
pared to the $28^511,458 figuire re¬
The City will furnish
authorized at the elec¬ System.
City Clerk, will receive sealed
tion held on Dec. 8, 1947.
printed bonds and a legal opin¬
ported in 1939, according to the bids
until Si a.m. (CST) on Feb.
ion
of
annual report cf Governor StainChapman &
Cutler, of
26 for the purchase of
$300,000
Chicago, and will pay all expenses
back which was; just made public not to exceed
2% interest City
in connection with the issuance of
by Secretary Of the Interior J. A. Hall
and fire station construction
Elkhart School District, Kan.
the bonds. Delivery of the bonds
Krug: .Iii releasing the report
Bonds Voted
Coupon bonds. Dated Feb. 1,1946.
At an election
must be accepted and the bonds
Secretary;; Krug reiterated his Denomination
$1,000: Due on Feb. held on Jan. 22 the voters ap¬
paid for on or before March 1,
support of Hawaii's bid for .state1, as follows: $15,000 in 1949; $10,- proved} the issuance of
$80,000 1948. No bid changing the interest
.-hood by sayirig: "Governor
Stain-] 000 " from 1956 to 1955; $20,000 construction bonds.
rates will be accepted unless such
'back's report contains information from 1956 to
1965, and $25,000 in
bidder agrees at his own expense
which r" adequately
demonstrates 1966. Principal and interest
kentucky
(F-A)
to pay for reprinting said bonds
the
social; economic and political payable at -the City Treasurer's
and further agrees to deposit with
V !
maturity of the Territory and its office. The bonds will be
Bowling Green, Ky.
awarded
Bond Sale—The $300,000 water the City the entire purchase price
people., I lbok forward to seeing to the
responsible; bidder on the
works
Hawaii cdme: into the Union as
revenue, third series of of the bonds on or before March
basis of the lowest interest cost
1948 bonds offered on Feb. 9— 1, 1948.
the 49th State;"
Likewise, no bid for less
to the City, but no bid for less
v. 167,
Mr. Krug; further commented as
p. 696—were purchased by than $1,030 per $1,000 bond will
than
Hawaii;
Mass.
Oct.
—
and
$600,000
street improvement and $150,000
general improvement bonds.
was
Bank,
$600,000 tax
anticipation notes offered on Feb.
9—v. 167, p. 696—were
purchased
1948.
all of a single maturity to be se¬
lected by lot), on any interest
payable M-N.
The next
highest bidder was tahn Nuveen payment date on and • after Oct,
& Co., for
1, 1952, to; anjL including Oct. ^
F$s, &M0O.322.,,
19587 at par and accrued interest,
Eldora, Iowa
plus a premium of 3% of the prin¬
Bonds
Not
Reoffered
It
is
cipal amount thereof; thereafter
stated
by Frank Jackson,
City to and including Oct. 1,
1963, at
Treasurer, that the $500,000 mu¬ par and accrued
interest, plus a
nicipal light and power plant premium of 2% of the
principal
bonds of the above Author¬
has
of
Sale —The
Haverhill, Mass,
terest
showing the distribution,
geo¬
graphically and by
classes
of
investors, of the $105,000,000 rev¬
enue
a
works
National
Everett,
..
water
bonds.
All of the bonds
price
whole
basis of 1.435 %. Dated
Chicago Transit Authority (P. O.
100.35,
3y4%
Bank
at
0.84%
discount.
10, 1948. Due Feb. 10,
Beverly
Note
and
$17,000, 1952
$18,000, 1954 to
at
purchased by
Note Offering—Leo P.
Senecal,
1, as
will
receive
follows: $30,000 in 1965; $31,- County; Treasurer,
sealed bids until noon on Feb. 18
000, 1966; $32,000, 1967; $33,for the purchase at
000, 1968; $34,000, 1969; $35,discoun^ of
$500,000 notes issued in anticipa¬
000, 1970; $36,000 in 1971 and
tion of taxes for the current
year*
$37,000 in 1972.
Rapids, Iowa
591—were purchased by
the Merchants National Bank of
Cedar Rapids, as IY2S, at a
follows:
inclusive;
sewer
p.
the
and 1964.
/
fire station
as
works
$70,000
offered
Beverly, at 0.852%.
Feb.
$20,000, 1958;' $22,000, 1959;
$27,000, 1960; $28,000 in 1961
and 1962, and $29,000 in 1963
Indianapolis,
—167,
village: hall
water
The
—
notes
were
Cape Ann National
$600,000
bonds. Due Oct. 1, as fol¬
lows:
$14,000 from 1949 to
l^s, at 100.065.
Cedar
bonds, divided
3%
the
Sale
farm
time
same
1949. The next highest bidder
Grogan,
receive
sewer
Bond Sale-r-The $70,000 fire de¬
partment bonds offered on Feb. 9
ity
voters
for
awaited.
000
election
an
House of Repre¬
June, 1947, and fa¬
by the Senate is
in
action
$80,-
the
Voted
ap¬
.
same" time
Jan.
will
1953;
was
Chicago Height*, III.' :
Not Voted—At an elec¬
tion held, recently the voters-did
hot; approve the issuanice of
bonds; $200,-•
Tallahassee, Fla.
.
17
'
mains
consider
Offering—C.
Clerk,
Additional
industrial
the
Dated Feb.
inclusive; $19,000, 1957;
Hawaii
Bonds
the voters
following as¬
sessable bonds: $1,000,000 munici¬
pal auditorium bonds; $459,000
Whiteway
system
bonds,
and
$181,000 paving bonds.
"Will
to
1956.
for
ized at an election held
recently
have been sold.
!
nonassessable.
:
1949
Merchants; National
Bank,
Salem, at 0.90%, plus a premium
of $5.00.
Gloucester,
bids until 7:30 p.m.
$28,511,458.00
in
inclusive.
Bond
City
indiana
as
by the
cational
bonds; $90,000
paving bonds; $65,000 bridge con¬
struction bonds, and $8,000 whiteway lighting system bonds,
all
•
Due
Murray, Ky.
■'
Feb. 24 the voters
the
issuance
of
on
consider
2.359%.
by Raffensperger, Hughes & Co.,
of
Indianapolis, as iy2s, at a price
a basis of 1.45%. Dated
illinois
Dec. 1^ 1947. Due
serially on Jan.
Car bond ale Grade School District and July from 1949 to 1954 in¬
No. 95; Illinois
clusively.
Interest payable J-J.
Bonds Sold—The $300,000 edu¬ The next
highest bidder was
Fla.
an
of
1958,
of 100.198
t,dat6^ 4 Interest payable! J^J;' ^
•N^.^^Bond; Election—At"
basis
$8,022,-
71.86%
Boyce, both of Louisville, joint¬
as 23/4s, at a price of 102.00, a
and
now
from
years
the
&
ly,
$332,000
sentatives
>-
callable* after
only
of
the
of
to
1960, all inclusive. Dated
1, 1948. Principal and in¬
(M-S) payable at a bank to
be selected by the successful bid¬
ders. The next highest bidder was
John Nuveen & Co., for
$189,000
as
3V2s; $61,000 3s, and $150,000
2%s, at a price of 100.059.
Govern¬
on
purchased
were
ship (P. O. Van Buren), Ind.
Bond Sale—The $8,500 school
building bonds offered on Feb. 5
—v.
167, p. 479—were purchased
proved
Dated July 1, 1947:
Approved
' as to legality
by Giles J.' Patter" r son of Jacksonville.
All bonds
:
the
offered
the
by the
Bankers Bond Co., and Stein Bros.
terest
of
bonds
revenue
6
Van Buren Township School Town¬
vorable
f
;/ * are
by
works
Feb.
March
in
close
was
to
Statehood
,
;
1957
10, 1948. Due Nov. 10,
1948. The next highest bidder was
Madisonville, Ky.
Bond Sale—The $180,000 water
revenue
Tax
$2,000
from 1949 to 1965, and
$1,000
from 1966 to 1968,:both inclusive.»-\ 1
v
as
figure reported in 1939."
School Dist. No. 5 bonds. Due
Jan* 1, as follows:
•
the
decrease
compared
: on
i
1"
Greensboro
at
Dated Feb.
1952; $22,000 March 1
1953, and
$189,000 as 2V2s, maturing $13,000
Sept. 1, 1953; $13,000 March and
Sept. 1, from 1954 to 1956, and
$14,000 March and Sept. 1, from
over
their government. The net bonded
of
the
Territorial
District No. 3 bonds. Due on
Jan. 1, as follows: $3,000 from
1949 to 1968, inclusive,
v:
during the
indebtedness
Government
51
—
year.
condition
financial
inclusive.
v
Ha¬
$82,-
reflected
(791)
t of Detroit, Martin, Burns Jan.
1, 1958; thereafter at 102 on
massachusetts
Corbett, and Farwell, Chapman or prior to Jan. 1,1963; thereafter
Essex County (P. O.
Co., both of Chicago, at a price at 101.
Principal
and
interest
of 100.025, a net interest cost of
Salem), Mass.
(J-J)
payable at the Louisville
Note Sale
The $900,000 tax
2.626%, as follows: $211,000 as 3s, Trust Co., Louisville. Approving
anticipation notes offered on Feb.
maturing $20,000 Sept. 1, 1948; legal - opinion v by
Chapman
&
10—v. 167, p. 696—were purchased
$20,000 March and Sept. 1, 1949; Cutler, of Chicago.
Issuance of
by the Gloucester National Bank,
$21,000 March and Sept. 1, 1950; these bonds has been
approved by
of Gloucester, at 0.869% discount.
$21,000 March and $22,000 Sept. 1, the State Local Finance Officer.
prosperity of the
is
CHRONICLE
Corp.
Hawaii's four
Hawaii
FINANCIAL
&
$1,092,080,323.00,
previous year,
people
bonds.
60,000 Havana Special Tax
,
in
&
&
dollars, the volume
$5,000 from 1949 to 1958, and
$4,000 from 1959 to 1968, all
1
.
taxes
additional
anr
"The genera 1
follows:
as
income
deposits totaling $477,538 912.00
of Dec. 31, 1946.
90,000 Chattahooche Special Tax
No.
in¬
banks with their 38 branches scat¬
tered throughout the islands had
1, as follows: $9,000
from 1949 to 1953, and $8,000
District
have
increase of $109,262,962.00
an
from 1954 to 1968, all incl.
School
Hawaii
of business transacted
Jan:
on
THE COMMERCIAL
$44,230.43 in 1905 to
totaled
fiscal
$165,000 Quincy Special Tax
•
Federal
167,
/
-
"In terms of
bonds
follows:
as
• •
-
900,789:54 for the last
3s, at a total price
basis of 2.985%, and
a
creased from
waii
as
of 100,10,
,
the
:
.
collections."in
of
as reporl-
issue—v.<
.
•
$105,865,662.98 in 1947. Collections
connec-
' struction
/
"
Bond Offering—Sealed bids will
be received until 11 a.m.
(EST),
Feb.
on
177
V Gertrude
A. Bar¬
rows, City Treasurer, for the pur¬
chase of $75,000 water loan
bonds,
149th issue.
Denomination $1,000.
March
1, 1948.
Coupon
Dated
bonds
maturing
$15,000
from
March 1, 1949 to 1953, inclusive.
Principal and interest (M-S) pay¬
able
at
the
National Shawmut
Bank, of Boston. Bidders are to
name the rate of interest in mul¬
tiples of *4 of 1 %;
bid to be
no
for less than par and accrued in¬
terest, bids to be for all or none.
Legality
to
be
approved
by
Storey,
Thorndike,
Palmer
&
Dodge, whose opinion will be fur^
nished the purchaser.
Bonds will
prepared under the supervision
as to genuineness
by the National Shawmut Bank of
be
of and certified
Boston.
-
"
,
—
>
;
•
-
•
Milford, Mass.
Note Sale—An issue of
tax
anticipation notes
chased
Feb.
on
National
0.839%
discount.
$100,000
was
by the
of
Bank
pur¬
Second
Boston,
Due
at
Nov.
15,
highest bidder
1948. The next
the
3
was
First National Bank, Boston,
at 0.95%.
•
follows:
.
j
,
,
par will be
J
bonds
"Although Governor Stainback
does
not
specifically
mention
statehood, his report invites at¬
will
tention to the fact that in Hawaii's
territorial
present
ernment
cial
the
the
executive
branches
National
form
are
of
judi¬
accountable
Government.
be
be
considered. The
registered
required
printed bonds.
gov¬
and
may
to
as
principal only in the books of the
City Treasurer.
The purchaser
.
delivered
by
to furnish
the
The bonds will be
the
City, with the
approving opinion of Chapman &
Cutler, of Chicago, said opinion
to be paid for by the
City, and all
to
Only
the legislative branch of the Ter¬
bids
must
be
so
conditioned.
J. J. B. Hilliard &
be considered. Enclose
Bros. &
check for
Son, and Stein
Boyce, both of Louisville,
jointly, at a price of 103.000, a net
interest cost of 2.745%
as
Citv Treasurer.
100,000 3% bonds. Due serially
on July
1 from 1954 to 1958
inclusive.
A
ritorial Government which con¬ certified check for
100,000 3y4% bonds. Due serially
$30,000 payable
sists of two houses, is
on July 1 from
directly re¬ to the City Treasurer, is required. }
1959 to 1968
sponsible to the people of Hawaii. These are the
Inclusive.
bonds originally
This, combined.with the fact that scheduled to be
Interest payable J-J.
offered on Feb. 23.
the people
of the Territory do
Caldwell County (P. O.
Hey worth Community High School
not participate in the election or
v
i. Princeton), Ky.
District No. 377, III.
/.
the President and ; do not have
Note
LOUISIANA
An issue of
Sale—The $1,000,000 tem¬
porary loan notes offered
10
Louisiana (State of)
Bonds Offered for Investment—
1953 inclusive.
Quincy, Mass.
certified
follows:
$100,000 2% % bonds. Due se¬
rially on July 1 from 1949 to
■
a
$12,000, payable to the
on
Feb.
167, p. 696 — were pur¬
by the Second National
of Boston, at 0.90% discount,
v.
—
chased
Bank
plus
a premium of $10.00. Dated
Feb. 11, 1948. Due Nov. 4 and 18,
1948 and Dec. 2, 1948. The next
$3,021,000 4J/4, 4V2 and
highway general obligation highest bidder was the National
bonds is being offered for
public Shawmut Bank, Boston, at 0.90%,
5%
subscription b,y the Chase Nation¬
plus $5.00.
al Bank and the First Boston Cor¬
poration, at prices to yield from
1.80% to 2.00%, according to ma¬
turity. Due in 1955 to 1957, inclu¬
sive. They are, in the
opinion of
Bonds Offered for Investment— counsel, legal investment for sav¬
An issue of
ings banks and trust funds in New
$190,000 2%% and 3%
York,
Connecticut
and
certain
county. hospital,
unlimited
tax
:
•
West
Bridge water, Mass.
Note Offering—Sealed bids ad¬
dressed to Orvis F. Kinney, c/o
_
.
•
.
.
'
:<t\ .voting representation in the U. S.
Congress, is the essential political
"
v
consideration behind Hawaii's de-
„Msire for statehood.}
.
'
:
77
>
"If growth of collections of in-
ternal
revenue
can
be considered
a
barometer of the
economic deT
velopment of the Territory and a
gauge of its fitness for statehood,
; ' Hawaii could be admitted imme-
'■;;diateiy;^ According
1,. ernor's
to the.;. Go V-
report," internal
revenue
r
Bonds Not. Voted—At
tion held
an
elec¬
Recently the voters did
$180,bonds
*>;}'*' '
?i
not approve the issuance of
000 construction bonds.
is
Bankers
being
offered
by
the
Bond
Co., of Louisville,
for general
subscription. Denom¬
J7/- ination $1,000: Dated Jan. 1, 1948.
Bond Sale—The $400,000
men's, Due $5,000 from Jan. 1, 1952 to
residence halls revenue bonds of¬
1971, inclusive.
Optional as a
fered on Feb.: L—v.
167, p. 479—. whole or in part, in inverse nu¬
\
University of Illinois
/'• }■ ZJrbana), III.
;
'
were
purchased
(P.
other States and for
savings banks
in Massachusetts.
by a: syndicate
composed of the Milwaukee Co.,
merical order
on
any
ment date
or
bf-Milwaukee,, First
after Jan. 1,
at
of Michigan
103,
on
if called
on
interest
or
pay¬
1953
prior to
coupon
water
March
1,
Due
O.
maryland
v.;1',-:
..
Second National Bank of Boston,
111 Franklin Street, Boston, will
received until noon (EST) on
Feb. 17 for the purchase of $199,000
be
r
Washington County (P. O.
'
Bond
Hagerstown), Md.
Issuance
Contemplated—
An issue of
March
from
1949
loan
1948.
1,
to
as
notes.
Denom.
Dated
$1,000.
follows: $15,000
incl.; $10,000
1958
from 1959 to 1962 incl., and $9,000
in 18-33. Bidder to name a single
rate
of
multiple
interest, expressed in a
of y4 of 1%. Principal
$1,500,000 school con¬
struction bpnds is said to be under
and interest
consideration.
Notes will be prepared under the
;
/
.
•
(M-S) payable at the
Second National
Bank
of Boston.
52
•
'
(792)
THE COMMERCIAL
-
,
■
cupervision of and certified
ent
their genuineness
have
as to
\Luverne, Minn. :
Bond Sale—An issue of $100,000
by the. Director
of Accounts, Department of Cor¬ light and power plant bonds was
porations and Taxation, Common¬ purchased recently .by the Allisonwealth of Massachusetts.
Williams Co., of Minneapolis, as
&, FINANCIAL
highway funds will
including
bond proceeds, and anticipated in¬
been
expended,
from that time will have to
come
used
County Consolidated School
District No. 41 j( P . O„ Roseau),
; v
Minnesota
side), Mich.
Bond Offering—Sealed bids will
Offering—Harvey Sornbe received by the Superintendent
sen, Township Clerk, will receive
sealed bids until 8 p.m.
(EST) of Schools, until 1.30 p.m. (CST)
'
Feb.
on
for
18
the
purchase
$397,000 not to exceed 3Vz%
>
'
'
terest
revenue
19
$160,000
in-
the
building
the
are
coupon
for
bonds
purchase of
bonds.
These
authorized
the
at
bonds.
Dated Sept. 1, 1947.
De¬ election held on Jan. 31.
nomination $1,000.
Due on Sept.
Swift County (P. O.
1, as follows: $10,000 in 1950 and
Benson), Minn.
1951; $11,000 from 1952 to 1955;
Bond Sale—The $200,000 hospi¬
$12,000 from 1956 to 1958; $13,- tal bonds offered Feb. 10—v. 167,
from
000
to
1961; $14,000
1964; $15,000 from
1965 to 1967; $16,000 from 1968 to
1970; $17,000 from 1971 to 1973,
and
$18,000 from 1974 to 1977,
from
;
water
Feb.
on
of
1959
1962
p.
to
592—were awarded to the Swift
County
Bank
Jan.
1948 and
1,
Dated
Benson.
of
due Jan. 1,
as
follows: $15,000 from 1950 to 1959
incl.,
and
from 1960 to
all inclusive.
Rate of interest to
1964 incl.
Bonds maturing after
be in a multiple of %'of-1%. Prin¬ Jan. 1,1959'are subject to redemp¬
cipal and interest (M-S) payable tion on said date and on
any in¬
at the Bank of Three Oaks, Three terest
payment, date thereafter at
Oaks.
Bonds maturing from 1953
par and accrued interest.
to 1977, are callable for redemp¬
tion in inverse numerical order on
$10,000
MISSISSIPPI
Sept. 1, 1952, and on any interest
payment date thereafter, at par
Mississippi (State of)
Offering—Greek L. Rice,
Bond
and accrued interest to date fixed
Consumers
Public
District
Power
redemption plus the following
premiums: $25 if redeemed on or
numerical order of maturities with
produces the lowest interest cost
to the Township, after deducting
the premium offered, if any.
If
determining the net interest cost
interest
terest
deductible
as
the bonds will be
on
be
any
com¬
1%
of
so
payment
at par
plus
ac¬
premium
a
as
redeemed of A4 of
for each year or fraction there¬
elapsing between the redemp¬
tion date and the
pro¬
on
interest
interest, plus
to each bond
stated maturity
date of the bond. Registerable as
posal for less than all of the bonds
will
and
maturity
Feb. 1,
any
by lot,
thereafter
crued
puted from the date above fixed
for the reception of bids to their
respective maturity dates. No
selected
1958,
and in¬
within
bonds
be
date
premium will not be
on
considered
the
to
to
considered.
principal
only. Principal and
(F-A)
payable at the
interest
Bids must be conditioned upon
O. Columbus), Neb.
(P.
specify the rate
the cost of printing the bonds.
pay
Enclose
est the bonds
certified check for 2%,
a
urer.
(These
bids
are
were
the bonds for which
on Jan. 20.)
District
nished the purchaser. A certified
for 2% of the bonds bid
(P. O.
check
Coldwater), Mich.
for,
Bond Offering—Sealed bids will
he
until
received
2
on
p.m.
to bear. No bid
proving opinion of Chapman &
Cutler, of Chicago, approving the
validity of the bonds will be fur¬
received
Cold water School
are
rates of inter¬
for less than par and accrued in¬
terest will be considered. The ap¬
payable to the Township Treas¬
no
or
urer,
Feb.
payable to the
is required.
State Treas¬
will receive
p.m. (CST) on
Feb. 25 for the purchase of $2,500,000 not to exceed 3V2% inter¬
est Consolidated Eastern System
Revenue, first issue of 1948 bonds.
Dated Jan. 1, 1948. Denom. $1,000.
Due
follows:
as
$55,000__1-1-'61
55,000-_7-l-'61
55,000-l-l-'62
60,000—7-1-'-32
60,000—1-1 -'63
60,000—7-l-'63
60,000-1 rl-'64
60,000—7-l-'64
65,000—l-l-'65
65,000—7-l-'65
65,000—1 -1 -'66
65,000—7-1-'0-3
65,000—1 -1 -'67
70,000—7-l-'67
70,000—l-l-'68
45,000—7-l-'52
45,000—1-1-'53
45,000—7-l-'53
45,000—l-l-'54
45,000—7-l-'54
50,000—1 -1 -'55
50,000—7-l-'55
50,000_ 1 -l-'56
50,000—7-l-'56
50,000—l-l-'57
50,000-_7-l-'57
50,000—l-l-'58
50,000—7-l-'58
_
on
after
or
at least 30
Bonds
Not
received
for
Sold—No
entire
were
inclusive.
offered
1,
1948.
Due
Feb.
within
Due
9.—v.
10
167,
p.
697.
Bond
Mich.
years.
Sale—The
$25,000
Water
the
of
certified
District,
check
for
or
2%
of
the bonds, payable to the District
maturity is redeemed,
an
the
of
100.10,
Dec.
a
as
3s,
at
price
Federal
1948 to 1954 incl. Interest
payable J-D.
chased
and
tional
1.12%.
The
next
highest bidder
F. S. Moseley & Co., at 1.17%.
of 10
MINNESOTA
years
construction
of
4,566
miles
of
primary
highway at a cost of
Bonds Voted
At an election $250,694,000, about 3,000 miles of
held recently the voters approved secondary road costing $50,096,000,
the
issuance
of
$60,000 sewage about 40 miles of urban streets
costing $9,180,000, and 525 miles
disposal plant bonds.,
*
Foley,
Minn.
—
of
Karlstad, Minn.
Bonds
Voted
—
At
an
highway
election
such
a
program,
'issuance of $53,000 municipal said, the State
water and light plant bonds.
I'.rSjl -J
*
Ik
at
a
cost
of
about $25,000,000.
To meet its share of the cost of
field recently the voters approved
,the
forest
new
.
-
-
the department
}{■
Bond
ceiver sealed
(EST)
on
Feb.> 3
the
proved
the
issuance
and
voters
of
ap¬
$325,000
Clerk, >will
bids
Feb.
on
istered
'*
■;
until
for
18
8
re¬
p.m.
the pur¬
to' exceed
not
bonds.
from
Offering—Ruth
to' 1957,
to 1977,
to
1954
Ster-
all inclusive. Bid¬
a
single rate of
multiple of V4 or
name
interest
G.
1,
as follows: »■ $9,000
1953; $10,000 from
and $12,000. from
to
1949
1958
Glen Rock, N. J.
March
Dated
Denomination $1,000.. Due
March: 1,
ders
equipment
bonds.
Bond
f> ••
v >l
of i$325,000
1948.
held
construction
^
6 % interest fewer coupon or reg¬
Chatham School Dist., New Jersey
Bonds Voted — At an election
on
the State
on
Sayerville, Nv J' ■■
Offering.-— Jo seph Jh
Weber,, Borough
chase
NEW JERSEY
in
a
1/10 of 1%.
No bid for the bonds
Borough
Clerk, will receive at a rate higher than any legally
sealed bids until 8:15 p.m. (EST)
accepted proposal will be ac¬
on
Feb. 24 for the purchase of
cepted.
The bonds will be de¬
$100,000 not to exceed 6% inter¬ livered on March
1, or as soon
est
coupon
or
registered sewer thereafter as
they may be pre¬
bonds. Dated March 1, 1948. De¬
pared.
The bonds will be ap¬
ger,
nomination $1,000.
Due $10,000
March 1 from 1949 to
on
1958 inclu¬
sive.
Principal and interest (M-S)
payable at the Citizens First Na¬
Bank & Trust Co., Ridge-
tional
Bidder
to name a single
interest, expressed in a
multiple of Vs or one-twentieth of
1%. A certified check for $2,000,
wood.
of
rate
Marshall,
New York
City, whose approving opinion
will be furnished to the purchaser
without charge.
Bids are desired
proved
Caldwell,
by
Trimble & Mitchell, of
forms
to
be
furnished by the
certified check for
2%. of the par value of the bonds,
payable to the Borough Treasurer,
on
Borough.
A
payable to order of the borough, is
required.'
is required.
Legal opinion of
Hawkins, Delafield & Wood of
NEW MEXICO
New York City will be furnished
Raton, Nr Mex.
the successful bidder.
Bids
No
Leonia, N. J.
Sale—The
Bond
offered
were
$86,000
bonds
purchased by J. S. Ripple &
Received.
.
bids
No
—-
received for the $6,500 Sewer
were
Feb. 9—-v. 167, p. 592—
on
bonds V offered
Feb.
on
bonds will be sold
The
6.
6s, to local
as
banks..
Co., of Newark, as P/4S, at a price
of
the
follows:
redemption
spect
to
forth
prices with
such bond as
re¬
below:
each
set
100.04,
July 1, 1948 to and includ¬
ing July 1, 1953, at 104.00; there¬
at 103.50;
thereafter to and includ¬
at 101.50; thereafter
to and includ¬
Dated Feb.
No proposal offering to pay less
of the par value of the
bonds and accrued
on,
or
interest there¬
for less than the aggregate
principal amount of the bonds to
be sold, will be considered.
The
maximum average rate of inter¬
per annum.
No pur¬
rates
and
the bonds,
for
interest rate shall be specified
a
multiple of Vs of
incl.
Principal and interest (F-A)
pay¬
the
of
lawful
the fiscal agency
the Cities of
in
District
money
of
the
United
Bank
of
bidder was
Two
duced
Large
(State of)
Bond Issues Intro¬
Two
—
cipal and
Tilney & Co., for 2.90s,
at 100.05.
New Jersey
large
bond
proposed in bills introduced
recently in the State Legislature
by Assemblyman Jacob Friedland
One bill would
O.
Cheehtowaga), N. Y.
'
were
of Hudson County.
(P.
Cheehtowaga
issues
Bond
Offering
Benedict
-
T.
Holtz, Town Supervisor, will re¬
ceive
sealed
bids
until
3
p.m,
provide authorization for a $100,-
(EST) on Feb. 17 for the purchase
of $23,750 not to exceed 5% in¬
000,000 bond issue to provide lowcost housing, while the other, re¬
as
ported
earlier in
would
authorize
bond issue for
these columns,
$165,000,000
a
payment of bonuses
to World War II veterans.
the stipulation that
for payment of prin¬
cipal and interest for retirement
Except for
money
terest coupon or registered
1953 inclusive.
10,000
housing bonds would come
bonus bonds.
Study of Municipal Government
Senate — A
Structure Passed by
resolution creating a ninemember commission to delve into
the
be
to /principal
principal and
to be kept by
government in New ' Jersey has
passed the State Senate and is
entire
structure
of
municipal
bonds
follows;
$13,750 street curbing, 1948 bonds.
Denomination $1,000, one for
$750. Due on Jan. 1, as fol¬
lows: $2,750 in 1949; $2,000 in
1950, and $3,000 from 1951 to
.
The bonds will
a!S
the
National
100.08.
States of America.
registerable
167,
Troy, as.,2V2Sy at par. Dated Feb.
1, 1948.'f, Due serially on Feb. 1
from 1949 to 1960 inclusive. Prin¬
A
7*
v
sewer district No. 5 series
of 1948 bonds.-;Denomina¬
tion $1,000. Due $2,000 on Jan.
1, from 1949 to 1953- InclhsiVfcl
Both
of Chicago, or at
5—v.
on
Manufacturers
interest for
ity.
Feb:
purchased' by
Ryan & Moss, jointly, as 1.80s, at
of the
rate
one
:
interest payable (Feb.
1) at; the Manufacturers National
Bank, of Troy,: The next highest
which
than
Trust
&
Co., Leonia. The next highest bid¬
der was Ranson-Davidson Co., and
the
more
1949 to
able at the Leonia Bank
1%, and no interest rate may be
specified in excess of 3 V2 %. No
proposal will be considered which
specifies split interest coupons or
names
1, 1948. Due serially
1 from
offered
p.J 593—were
1961
Feb.
on
;
Neur York
Sale—The $8>500 building!
Bond
bonds
10,000 fire apparatus bonds.
ing July 1, 1970, at 101.00; there¬
par.?
•
NEW YORK
as
bonds.
after at
than 98%
1.742%,
of
$45,000 emergency housing bonds.
improvement
31,000 general
On
after to and including July 1,1956,
basis
a
Brunswick Fire^ District No. 1,
in
a
of local gov¬
exf)anded;^ to- make
less-dependent
on
Lincoln and Columbus, Nebraska,, joint
period
ahead, would include
cover
fipbnstituHonal :
government.#;;
Feb. 7 by the First Na¬
Bank
of
Rochester,
at
agencies of the District in the City
to
"fr < ? V'S*
whole.
a
muiudpalitiesmo
Rochester, Ni H.
Note Sale—An issue of $250,000
tax anticipation notes
was
pur¬
would cost $334,970,000. This pro¬
Dec.
as
NeVV?('■
mended that powers
gram, estimated
on
fullest
ernment :'be
NEW HAMPSHIRE
engineers, that a farreaching program to build nearly
8,000 miles of road in Montana
basis of 2.96%. Dated
1, 1947. Due serially
1, from
a
to-
amended
Treasurer,, is required.
—
Jordan,
y
determine in what manner
to
of the State
Manager
A
bonds of such maturity to be re¬
deemed shall be selected by lot at
of
Montana (State of)
Huge Road Building Program
be
statutes.., v should :? be
give- municipalities opportunity for. selfgovernment, within the* interests ?
from the general State treasury,
any single matur¬
principal and interest Assemblyman Friedland proposed
will be payable, at the option of no method of financing the hous¬
supply system revenue bonds of¬
Contemplated
The State High¬ the holder, at the fiscal agencv of ing plan. He suggested the dedica¬
fered on Feb. 2—v. 167, p. 592—
way
Commission estimated re¬ the District in the City of New tion of racing and alcoholic bever¬
were purchased by the State Bank
cently,
after
conferences
with York, or at either of the fiscal age revenues to retirement of the
of East
East Jordan,
V
will
Main aim of-the commission
>.
the
days' published notice,
which is not in
bids
the
$40 000 on Nov. 1, in 1948 to 1952,
March
Dated
28.
Jan.
on
pext^fmuary^.^-;^
thej, State;
July 1, 1948, on
and in the event that less than
no
$760,000 not to
exceed 6%
interest Special Im¬
provement District No. 160 bonds
voters at the election held
Eastern System and
Amount Payable
45,000__1-1-'51
45,000—7-l-'51
45,000—l-l-'52
interest
MONTANA
of >the
Legis¬
report to the, Governor and
lature
its financial condition, may be ob¬
tained from V. M. Johnson, Gen¬
was
Amount Payable
$45,000__l-l-'50
45,000. _7-l-'50
est is 3 ¥2%
Helena, Mont.
a
Consolidated
Manager,
sealed bids until 1
chaser may name more than three
25, by George C. Kelsey, Secre¬
tary of the Board of Education,
for the purchase of $200,000 con¬
struction bonds, approved by the
description
General
State Treasurer's office or at the ing July 1, 1959, at 103.00; there¬
the unqualified opinion of Chap¬
Continental Illinois National Bank after to and includi ng July 1,1962,
man
& Cutler, of Chicago, ap¬
at 102.50; thereafter to and includ &
Trust
Co.,
Chicago, or the
proving the legality of the bonds,
Guaranty Trust Co., New York ing July 1, 1965, at 102.00; there¬
the cost of which will be paid by
after to and including July 1, 1968,
City. Bidders for said bonds shall
the Township. The Township will
containing
Bond Offering—V. M. Johnson,
Secretary of State Bond Commis¬
sion, will receive sealed bids until
70,000—7-l-'68
10 a.m. (CST) on Feb. 18 for the
70,000—l-l-'69
prior to Sept. 1, 1957; $20 if re¬
purchase of $5,000,000 not to ex¬
deemed thereafter on or prior to
70,000—7-l-'69
ceed 4% interest highway reve¬
50,000—l-l-'59
75,000—l-l-'70
Sept. 1, 1962; $15 if redeemed
fourteenth
series,
coupon
thereafter on or prior to Sept. 1, nue,
50,000—7-l-'59
75,000—7-l-'70
bonds. Dated Feb. 1, 1948. Denom.
55,000—l-l-'60
75,000—1-1-'71
1967; $10 if redeemed thereafter
$1,000. Due $225,000 on Feb. and
<on or prior to Sept. 1,
55,000—7-l-'60
75,000—7-l-'71
1972; and
Aug. 1, 1962 and 1963; $225,000
$5 if redeemed after Sept. 1, 1972.
Interest on said bonds will be
Feb. and $250,000 Aug.
1, 1964;
Thirty days' notice of call is to
payable
semi-annually
on
the
be given by registered mail to $275,000 Feb. and $300,000 Aug. 1, first days of
January and July in
registered holders and by publi¬ 1965; $300,000 Feb. and Aug. 1, in each year until payment of the
1966 and 1967; $325,000 Feb. and
cation
one
time
in either the
principal amount.
Michigan Investor or a financial $250,000 Aug. 1, 1968; $300,000
Said bonds will be redeemable
Feb.
and
Aug.
1,
1969;
and in
newspaper or journal published in
whole at any time on or after
$325,000 Feb. and $350,000 Aug.
the City of New York
N. Y., or
July 1, 1953, and in part in in¬
1, 1970.
The bonds will be call¬
verse order of maturities at any
Chicago, Ilk
The" bonds will be
able
for redemption in
inverse time
awarded to the bidder whose bid
for
sale of said bonds,,
sel.
NEBRASKA
t
Bond
connec¬
tion with the
eral
entirely to satisfy main¬
requirements and to serv¬
tenance
ice outstanding debt."
../
proposed to be issued in
Monday, February Jfe 1948,:
.
from aforementioned Bond Coun¬
be
Roseau
MICHIGAN
fMIll
CHRONICLE
current
2.60s. '
Chickaming Township (P. O. Lake¬
■
Dated
Jan.^ 1,
and interest
1^48.1 PHnbipai
(J-J) payable at .the
Manufacturers and Traders
I*rust
Co., Buffalo. Each bid must state
a
single rate of interest ti-p! mul¬
tiples of V4 or 1/10 of.J%Thp
bonds
York
as
will
City
may
chaser
be
or
delivered,
at such
ip New
other
place
be agreed, with the pur¬
March 8. The ap¬
about
posed commission would be com¬
proving opinion of Vandewater,
Sykes & Heckler, of New York
City, will be furnished the? pur¬
chaser. A certified check for $475
posed of two Senators, two Assem¬
payable to the Town, is required,
delivery of the bonds the
opinion of Wood, King & Dawson,
five members ap¬
pointed by the Governor, who
would also designate the Chair¬
Eastchester (P. O.
48
man^
only
or
interest
the
as
on
to
both
books
District at
the
offices
of
the
paying agents in said cities.
The
District
will
furnish
upon
the
Wall
York City,
Bond Counsel of the District, ap¬
Street,
New
would have to find | proving the legality of the bonds.
funds because "by 1950 pres-' Copies of the Official Statement
now
the
before
blymen
House.
The
pro¬
and
The
commission
would
be
Tuckahoe), N. Y. '
"
Offering — William
Bond
I
F,
$25,000appropriation, Horan, Town Supervisor, will re¬
to' conduct; ceive* sealed bids .until. 11 a.m,
hearings throughout the State and (EST) on Feb. 19 for:the purchase
given
a
would
be
empowered
«•
■
;' 'k
•,.
Volume 167 Number 4673of
$44,500; not'to Exceed
in¬
terest coupon or registered storm
1948.^ Dated
Water, drain bonds of
March 1, 1948.' One bond for $500,
others $1,000 each. Due March 1,
follows: '$9,500 in 1949; $10,000
?s
from
1950
&
THE COMMERCIAL
to. 1952
inclusive, and
Principal and in¬
$5,000 in 1953.
terest (M-S) payable at the First
and
revenues
1947
other
income
of
$28,842,953, according to
preliminary figures.
After pay¬
ing operating and maintenance
are
of $8,141,312, the amount
of
interest
V4
or
the
FINANCIAL
to
in
be
1/10 of
1%
CHRONICLE
multiples of York City. Registerable as to prin¬
must be cipal only and will be delivered
purchaser's
der
name
available for debt service
approx¬
imated $20,701,641; This covered
debt service
offer the
interest
by
wide margin,
a
amounted
as
to
about March 8
or
bonds will be awarded to the bid¬
offering the lowest rate of in¬
terest, without reference to pre¬
mium, and if two or more bidders
expenses
on
lowest rate of in¬
same
in
choice.
the rate
multiples of
place of
Bidders
to
rates of interest
or.
y4
bid may name
of the bonds
of
1%.
rate
one
Each
for
$4,815,282
and mandatory sinking fund re¬
quirements and serial bond prin¬
terest, the bonds will be awarded
to the highest premium. No bid
rates for the
for less than all of the bonds will
may name
rate
cipal
be considered. The
and
be
interest, expressed in a
multiple of y4 or one-tenth of 1%.
Principal and interest (M-S) pay¬
paying these
maturities promptly, the Author¬
able at the First National Bank &
ity applied $2,905,168 to the
Trust
celeration of debt retirement. The
remainder of the net revenues has
purchaser will
the opinion of
Reed, Hoyt & Washburn, of New
York
City, that the bonds are
valid and binding obligations of
the City.
The bonds will be de¬
increased
livered
2% of the
A certified
bonds, pay¬
able to order of the
town, is re¬
Co., Tuckahoe.
check for
$5,348,285.
were
."In
addition
to
the
several
ac¬
reserve
quired.'Legal opinion of Hawkins,
Delafield & Wood, of New York
City will be furnished, the suc¬
funds
of the
serve
funds
cessful bidder.
their
ffempstead Union Free Sch. Dist.
(P. O. Baldwin), N. Y.
160 as of Dec. 31, 1947.
Most of
this amount is in the General Re¬
serve Fund (which has a balance
Bond
Offering—George L. DunDistrict Clerk, will receive
sealed bids until 3:30 p.m. (EST)
on
Feb. 19 for the purchase of
lap,
$700,000 not to exceed 4% inter¬
building coupon or registered
est
bonds.
Dated
March
1948. De¬
1,
nomination $1,000
.Due on March
as follows: $30,000 from
1949
1958; $25,000 from 1959 to 1968,
and $15,000 from 1969 to 1978, all
1,
to
inclusive:
Principal and interest
payable at the Baldwin
(M-S)
National
Bank
Trust
and
Co.,
Baldwin, or at the Chase National
Bank, New York City, at the op¬
tion of the holder. Each bid must
state
single rate of interest
a
multiple
a
The
of 44
bonds
1/10
or
will
be
in
1%.
of
delivered
at
the office of Hawkins,
Delafield &
City, on or
about
March
1.
The
approving
opinion of Hawkins, Delafield &
Wood, of New York City, will be
furnished the purchaser without
of New York
Wood,
cost.
A
certified
check for 2%
of
the amount of bonds bid for, pay¬
able to the District, is required.
La
Fayette
(P. O. La Fayette),
New York '
Bond
Sale
The
—
-V
v.Viv'-
$6,000
struction bonds offered
on
con¬
Feb. 5
167, v. 593—were purchased
by the Manufacturers and Traders
—v.
Trust Co., of Buffalo.
Dated Jan.
1948.
Due serially on Feb. 1
inclusive, Prin¬
cipal and interest (F-A) payable
1,
from 1950 to 1955
at
the
First
National
Bank
of
Tully.
New York City Housing Authority,
''
New
York
•
^ Note
Offering—Thomas J. Far-
rell, Chairman, will receive sealed
bids until
noon on
Feb. 17 for the
purchase of $26,080,000 temporary
loan, (issue XXX) notes.
Dated
Feb. 27, 1948.
Due Aug 27, 1948.
Offices of the housing authority
are at 122' East .42nd Street, New
York City.
Niskayuna Common School District
No. 2, N. Y.
Bond Sale—The $405,000 build¬
restoration
of
the
and
securities)
of
in
cash
Government
,
similarly held in
Governments).
"All of these figures, of course,
are
preliminary and subject to
the
books
are
finally closed for 1947.
As soon
as possible after the income state¬
ment
of
1947
and the balance
sheet of Dec. 31 have been certi¬
fied by the auditors, we will pub¬
lish for the first time
the
of
Treasurer.
nual
financial
a
Comptroller
and
Later, the usual
report
of
the
an¬
Authority,
of 100.22, a
Feb.
Feb.
basis of 2.732%. Dated
1948.
Due ■ serially on
15,'
15 from
1949 to
1978
inclu¬
sive.
Principal and interest (FA) payable at the Schenectady
Trust Co.£ Schenectady. The next
highest bidder was the Schenec¬
David
McKay, Treasurer of the
Port Authority, in a statement ad¬
.'
dressed
to
investors
ment dealers
on
and
invest¬
Jan. 19, stated as
follows:
"During
'
1947,
the
revenues
■
of any
previous
year, as
vehicular
traffic continued the trend which
has
been
in .evidence
for
some
time.The year also marked the
beginning on June 1 of air termi¬
nal operations by the Authority,
and those net
our
revenues
estimates for
riod of operations.
the
1
exceeded
initial pe¬
( /
-
.
; \}x.
certified
check
for
required.
Note
Sale—An
The
Central School District No.
1
000 2%s, and $45,000 2V2S, as re¬
(P. O. Unadilla), N. Y.
ported in our Feb. 9 issue—v. 167,
Bond Sale
The $10,500 regis¬
p. 697—we learn the bonds were
tered land acquisition and con¬
sold at a price of 100.013.
—
struction
bonds
offered
2.40s, at
Feb.
3
"Because the latter type of re¬
port for" 1946
was
not
general
give
You
it
wish
may
however,
that which
Spring
its
as
did
we
circulation.
files,
supplement
your
data
furnished in the
were
of
delayed,
it for
1947
in
Official
our
Statement
describing bonds.
If
copy of this annual
1946, please mail the
enclosed postcard and we will be
glad to send it to you."
wish
report for
you
a
.
Henderson, N. C.
«
Salisbury, N. C.
Bond Offering—W. E.
Secretary
Central Sch. Dist. No.
1
(P. O. Warrensburg),
sewer
Easterling,
Government
receive
sealed
Raleigh, until
for
the
pur¬
$200,000 not to exceed
interest water, series B coupon bonds. : Dated Dec.
1, 1946.
Denomination $1 000. Due on June
1, as follows: $10,000 in 1949 and
6%
1950;
$4,000
from
1951
to
1965,
and
$10,000 from 1966 to 1977 in¬
clusive. Principal and interest
(JD) payable in New York
City.
Registerable as to principal
only
and will be
delivered
purchaser's
choice.
requested
rate
or
to
Bidders
the
name
rates, in
at place of
are
interest
multiple of
a
to
1%.
Each bid may name one
rate for part of the bonds and
an¬
other rate or rates for the
balance,
but 110 bid may name more
than
four rates, and each bidder
must
state in his bid the amount
of
bonds
must
of
ing
each
be
bid
secutive
rate.
for
opinion
of
will
State
rate
of
The
con¬
approv¬
Reed,
of New
furnished.
be
check
Each
*
bonds
maturities.
Washburn,
Hoyt 8s
City,
York1
A
certified
for
$4,000 payable to the
Treasurer, is required.
NORTH DAKOTA
Maxbass, N. Dak.
Bonds Voted—At
tion held
special elec¬
a
Jan. 27 the voters ap¬
proved the issuance of $5,000 fire
on
fighting equipment bonds.
University of North Dakota (P, O*
Bismarck), N. Dak.
Offering Details—In
Bond
coupon bonds. Dated March
1, 1948. Denomination $1,000. Due
on
March
1, as follows: $5,000
from 1951 to 1953; $10,000 in 1954,
and $12,000 from 1955 to 1959, all
Local
will
bids at his office in
11 a.m. on Feb. 17
chase of
f
Bond Offering—W. E. EasterNew York, as
price of 100.21, a basis ling, Secretary of Local Govern¬
of about 2.358%.
Dated Feb. 10, ment
Commission, will receive
1948 and due Feb. 10, as follows: sealed bids at his office in Ral¬
$1,000 from 1949 to 1958 inclusive, eigh, until 11 a.m. (EST) on Feb.
and $500 in 1959.
The Unadilla 17 for the purchase of $85,000 not
National Bank bid par for 2 lk s.
to exceed 6%
interest sanitary
of
Commission,
v
a
Warrensburg^.Thurman, Chester,
Bolton, Caldwell, Horicon, Stony
Stony Creek and Johnsburg
Feb.
purchased by the Branch
Banking & Trust Co., of Wilson,
at 1.68%.
-
10
697—were awarded to
p.
bond
on
were
Tilney & Co., of
167,
nection
with- the
$350,000
17
as
bonds
reported in
167,
—v.
our
Feb.
on
Feb. 9 issue
698—We
p.
con¬
offering of the
revenue
learn
the
State Board of Higher Education
Principal and interest
will receive
bids until
2
p.m*
(M-S) payable in New York City,
Bond Sale—The $51,000 bus gar¬
Registerable as to principal only. (CST) on Feb. 17 at the office ot
Rotterdam Common School District age bonds offered on Feb. 10
the State Commissioner of Educa¬
Delivery on ar about March 9 at
v. 167, p. 697—were purchased by
No. 3, N. Y.
tion, in the State Capitol. Dated
Bond Offering—Lois P. Schae- Roosevelt & Cross and Tilney & place of purchaser's choice. Bid¬
Jan. 1, 1948.
Denomination $1,ders are requested to name the
fer, District Clerk, will receive Co., both of New York, jointly, as
000.
Due on Jan. 1, as follows:
rate of interest in multiples of
sealed bids at the office of Roy 2%s, at a price of 100.44, a basis
$10,000 from 1951 to 1955; $15,000
V4 of 1%.
Each bid may name
W. Peters, 514 State Street, Sche¬ of 2.714%.
Dated Jan. 1, 1948.
1956
to
one
rate for part of the bonds from
1967, and $20,000
nectady, until 11 a.m. (EST) on Due serially on Jan. 1 from 1949
from 1968 to 1973, all inclusive.
(having the earliest maturities)
Feb. 16 for the purchase of $420,- to 1978 inclusive.
Principal and
and another rate for the balance, All bonds maturing after Jan. I,
000 not to exceed 5% interest interest
(J-J)
payable
at the
but no bid may name more than 1953, will be subject to redemp-*
building
coupon
or
Bank, War¬
registered Emerson National
tion and prior payment in their
two rates, and each, bidder must
bonds.
Dated
Feb.
15
1948.
De¬
nomination
$1,000. Due on Feb.
15, as follows: $10,000 from 1949
to 1954, and $15,000 from 1955 to
1978, both inclusive. Principal and
interest
(F-A)
payable at the
Schenectady Trust Co., Schenec¬
tady. Each bid must be for all
of
the
rate
bonds
of
and
interest.
single
a
Unless
rejected the
are
state
all
bonds
bids
awarded to the bidder
will
be
complying
with the terms of the sale and of¬
fering to purchase the bonds at
the lowest rate of
in
interest, stated
multiple of
a
without
1/10 of 1%,
or
reference
to
premium,
provided however, that if two or
bidders
more
offer
the bonds at the
to
same
purchase
lowest rate
of interest then the bonds will be
awarded
the
the
to
bidder
highest premium.
will
be
delivered
in
offering
The
bonds
New
York
at such other place as
be agreed with the purchaser
or
about
March
1,
opinion
proving
1948.
The ap¬
of Vandewater,
rensburg. The next highest bidder
was
George B. Gibbons & Co.,
Inc.
check
School
without
for
cost.
$8,400
A
certified
payable
to
Willsboro,
Finance, will receive
noon
for the purchase of
exceed
on
Feb.
17
$125,000 not to
5% interest local improve¬
ment coupon or
and
Lewis
registered bonds.
Dated March 1, 1948. Denomina¬
tion $1,000. Due $25,000 on March
1< from 1949 to 1953 inclusive
specify in his bid the amount of
bonds
of
each
rate.
No
bid
for
less than par and accrued interest
or for less than all of the bonds
will be entertained.
The approv¬
ing opinion of Mitchell & Persh¬
ing, of New York City, will be
(P. O. Willsboro), N. Y.
Bond Offering—Jessie
F. Prov¬ furnished the purchaser. A certi¬
will receive fied check for $1,700 payable to
sealed bids until 1 p.m. (EST) on the State
Treasurer, is required.
Feb. 20 for the purchase of $75,Hickory, N. C.
000 not to exceed 5% interest cou¬
ost,
District
Clerk,
construction
bonds. Dated March 1, 1948. De¬
nomination $1,000. Due $5,000 on
March 1, from 1949 to 1963 inclu¬
sive. Principal and interest (M-S)
payable at the Essex County Na¬
tional Bank, Willsboro. Bidder to
name a single rate of interest, ex¬
pressed in a multiple of Va or onetenth
Bond Sale—The issue of $200,-
registered
or
pon
of
1%.
certified
A
check
for
New York
City will be furnished
the successful bidder.
inverse
numerical
date, and
made,
1957;
to
and
$15 if
including
redemption
net interest
a
2.647%,
due
on
cost
follows:
as
of
about
$44,000
March 1 from
23/4s,
1951 to 1959
inclusive; $86,000 2V2S, due from
1960 to 1968 inclusive, and $70,000 23/4s, due from 1969 to 1975
Second
Due
high
on
bid
March 1,
of
1948.
100.036
for
$160,000 23/4s and $40,000 2%s, a
2.699%, was made by
Co., of Charlotte.
1,
made
including July 1, 1962; and at par
if redemption
is made Jan. I,
1963, and thereafter.
terest
tenth
to
or
interest
be
of in¬
multiples of oneV4 of 1%. Principal and
payable at the Bank of
Dakota, at Bismarck, and/
chased.
man
Rate
in
or
any
other
trust company
012,
July
is
Jan. 1, 1958, and thereafter to and
—v.
airport bonds offered Feb. 10
167, p. 698—was awarded to
Equitable
Securities
Corp.,
and Alex. Brown & Sons, of Bal¬
timore, jointly, at a price of 100.-
said
on
any
North
the
order
interest payment
on payment of a
premium of $25 if redemption is
on
date thereafter
000
$1,500, payable to order of the
district, is required. Legal opin¬
ion of Reed, Hoy t & Washburn, of inclusive.
suitable
&
bank
or
named by the pur¬
opinion of Chap¬
Legal
Cutler, of Chicago, to be
furnished without cost to the pur¬
chaser. Purchaser will not be re¬
quired to
a
for the bonds until
pay
30-day period has elapsed. Blank
bonds
will
be
cost to the
check
for
furnished
purchaser.
without
A certified
$7,000, payable to the
Higher Education,
State Board of
is required.
net cost of
R. S. Dickson &
NORTH CAROLINA
Burke County (P.
N.
County (P. O.
Statesville), N. C.
C.
Offering—W.
E.
Easter-
OHIO
Iredell
O. Morganton),
Alliance; Ohio
Bond
Sale—The
Bond
Offering
—
Karl
Ayers,
$145,000 re¬
funding road and bridge bonds
offered Feb. 10—v. 167, p. 698—
were awarded to Alex. Brown &
Sons, of Baltimore, at a price of
City Auditor, will receive sealed
bids until noon (EST) on Feb. 25
for the purchase of $70,000 2Vz%
hospital site bonds. Dated Feb. 1,
Feb. 17 for the purchase of $369,000
not to exceed
6%
interest
100.032,
on
school
due
ling, Secretary of Local Govern¬
ment
Commission, will receive
Schenectady, N. Y.
sealed bids until
Essex
Central School District No. 1
Bond
Bond Offering—Harold A. Root,
of
E.
Weigold &
Co., jointly, for 2.90s, at 100.28.
the
District, is required.
Director
Charles
and
Sykes & Heckler, of New York
City, will be furnished the pur¬
chaser
inclusive.
York
New
sealed
bids
Raleigh,
Dated
tion
at
until
$1,000.
1,
his
11
building
Nov.
office
a.m.
(EST)
coupon
in
011
bonds.
1947.
Due
on
Denomina¬
May 1, as fol¬
lows:
$9,000 in 1949: $6,000 from
1954; $10,000 from 1955
to 1960, and $15,000 from 1961 to
1978, all inclusive.
Principal and
1950
to
Principal and interest (M-S) pay¬
"Altogether, from all sources, able at the Chemical Bank &
including air terminals, the gross Trust Co., of New York City. Rate interest
.
is
urer
A
issue of $19,000
$17,500 fire funding notes was purchased by
engine pumper-1948 bonds offered the National Bank of Burlington,
on
Feb. 6—v. 167, p. 593—were at 21/2%.
purchased by Tilney & Co., of
Harnett County (P. O. Lillington),
New York, as 1.90s, at a price of
'S N- c100.241, a basis of 1.85%. Dated
Bond. Sale Details—In connec¬
Feb. 1, 1948. Due serially on Feb.
tion with the sale of $211,000
1
from
1949
to
1958
inclusive.
Principal and
interest
payable school building bonds (listed under
(F-A) at the Village Treasurer's Barnett County (P. O. Lillington),
office.
The next highest bidder N. C.) to Alex, Brown & Sons, of
was -the Lafayette Bank & Trust
Baltimore, and the Branch Bank¬
ing & Trust Co., of Wilson, joint¬
Co., Suffern, for 2s, at par.
ly, at a net interest cost of 2.68%,
Unadilla, Butternuts and Sidney
for $38,000 4s, $18,000
2s, $110,—
to interested investors.
of
the Port Authority exceeded those
tertained. The approving opinion
of Mitchell &
Pershing, of New
York City, will be furnished the
Burlington, N. C.
Sale
activities, will also be available
may
Port of .New York Authority, N. Y.
1947 Revenues Set New High—
bid the amount of bonds of
each rate. No bid for less than
par
and accrued interest will be en¬
Suffern, N. Y.
Bond
—v.
City,
tady Trust Co., for 2%s, at par.
City. A certified check for
$2,500 payable to the City, is re¬
quired.
which summarizes all of its public
.
ing
1948 bonds offered on Feb.
10 — v. 167, p.. 697 -r were pur¬
chased by E. H. Rollins & Sons,
and Coffin & Burr, both of New
York, ..jointly, as 23/4s, at a price
rates,
specify in
must
purchaser.
$10,871,734
report
bid
$7,380 payable to the State Treas¬
cash and
when
the
bidder
no
four
York
the Special Re¬
(which has a balance
amendment
at
than
Chemical Bank & Trust Co., New
and
Fund
serve
1
balance, but
more
$225,000
anticipation notes offered
or
for
improvement
States
March
rate
re¬
$21,573,500 consisting of
United
about
each
another
The
entirety amount to $42,213,-
and
with
and
reserve
Authority.
and
furnished
maturities)
Sale—The
part
his
of
Note
(having the earliest
National Bank & Trust Co., Tuckahoe. : Bidder to name a single
•
at
53
Kinston, N. C.
and
for all of the bonds. The
same
(793)
(M-N)
payable
in New
2.55%
net interest cost of about
a
as
on
including,
on
Feb.
follows:
Feb.
1
1
and
from
1964
are
2%s,
to
1963
2Vis,
due
1953
$40,000
clusive. The bonds
1,
$105,000
from
to
1967
in¬
dated Feb.
1948.' Second high bid of
par
for $50,000 2s and $95,000 2%s was
made by the Branch Banking &
Trust Co., of Wilson.
1948.
Denomination
$1,000.
Due
Dec. 1, as follows: $3,000 from
1949 to 1958, and $4,000 from 1959
to
inclusive.
Principal
(J-D) payable at the
City Treasurer's office. Bids may
1968,
all
and interest
be
submitted for
a
different rate
than the above specified provided
that such bids are in multiples of
V4 of 1%.
to the
The bonds will be sold
highest bidder for not less
54
THE COMMERCIAL
(794)
than
value
par
thereof
and
Dated March
1, 1948. Principal
(M-S) payable at the
Irving Trust Co., New York City.
ac¬
crued interest. All bids must state
the
amount of bid and
gross
crued interest to date of
No
conditional
ceived.
bids
The
ac¬
will
be
approving opinion of
Peck, Shaffer & Williams, of Cin¬
cinnati, will be furnished the pur¬
without
check
for
1%
for, payable
quired.
the
the
to
tile-Commerce Bank & Trust Co.,
St. Louis; W. E. Hutton & Co.,
certified
A
cost.
of
bids
bonds
City,
is
Roosevelt &
Cross, Hayden, Miller
Co., Illinois Co., Chicago; First
Cleveland
Corp.
Laurence
M.
Marks & Co., Prescott, Hawley,
Shepard & Co., Ohio Co. of Co¬
lumbus, Weil, Roth & Irving Co.,
Seasongood & Mayer, Mullaney,
Ross & Co., and Blewer, Heitner
&
Glynn, jointly, for 2y2s, at
&
re¬
1
Beaver Local School District
(P. O.
Rogers), Ohio
Bonds Withdrawn From Sale
—
The $305,000 building bonds which
were
scheduled to be offered on
Feb.
9—v.
167,
594—have been
p.
highest, bidder was
Co., New York;
Trust
Smith, Barney & Co., Harriman
Ripley & Co., Inc., Shields & Co.,
R. W. Pressprich & Co., Mercan¬
re¬
The
chaser
next
Bankers
delivery.
City Sch. Dist.,
Bond Sale—The $418 000 build¬
ing, unlimited tax bonds offered
on
Feb.
9—v,
167, p. 482—were
purchased by Fox, Reusch & Co.,
of
Cincinnati,
101.775,
a
23/4S, at a price
basis of 2.574%.
Dated Dec,. 15, 1947. Due serially
of
on
Dec.
as
from
1
to
1949
the
Ohio
1970
in¬
Offering
clusive.
check
for
bonds
public sub¬
scription at prices to yield from
1.00% for those maturing on Sept.
1, 1949 to 2.40% for those due in
School
Issue
at the
voters
the
was
Sale
Bond
construction
house
Feb.
on
The
—
9—v.
167,
$4,500
plete
698—were
purchased by J. A. White & Co.,
of Cincinnati, as 2yis, at a price
of 100.40, a basis of 2.17%. Dated
.receive
p.m.
the
ing
Project
details
method
of
District. A
School
certified
check:
$3,000 payable to the, School
District, is required.
SOUTH DAKOTA
Liberty Township (P. O.
Outlined—Com¬
with
Parkston), S. Dak.
the
to
respect
Bond
fiancing and liquidat¬
proposed
a
expenditure
which
would*
bids
oral
000
Pittsburgh, 98 other Al¬
until
Theodore
—
J.-
8
p.m.
(CST) on.
purchase of $20,-»
for the
Feb. 23
the
meet
Offering
Ziebart, Clerk of Board of Super-'
visors, 1 will
receive sealed and1
of
$82,000,000 for the construction of
a
single-plant sewage treatment
needs of
fire
for
Authority, Pa.
Sewer
system
bonds offered
p.
20
PENNSYLVANIA
1947
Township (P. O.
Jennings), Ohio
purchaser will receive "with-out charge the opinion-of Burg-,
win, Churchill & Ruff in, of" Pitts-,
burgh, that the bonds are valid,,
general, binding obligations of the.
Alleghany County Sanitary
general election.
Jennings
will
••
Bank,';'Pittsburgh.,
Deposit
The
for
authorized by
November
Side
(P. O.
(PST)
purchase of
$317,000 building bonds.
Feb..
on
$300, payable to order
Village Treasurer, is re¬
quired.
Directors
sealed bids until 7:30
for
the
Monday, February 16, 1948„
North Bend), Coos County, Ore. «
Bond Offering -r- The Board of
r
and interest
(M-S) payable at the Hicksville
Bank,
Hicksville.
A certified
of
T.iY:
Bend School District
North
Ethel Harkey,
Principal
Fort
above
—
Village Clerk, will receive sealed
bids until noon (EST) on Feb. 28
for the purchase of $30,000 not to
exceed 4% interest sewer exten¬
sion bonds. Dated March 1, 1948.
Denomination $1,000.
Due $3,000
on Sept.
1 from 1949 to 1958 in¬
Bonds Offered for Investment-^—
The successful syndicate reoffered
Campbell
Bond
101.22.
withdrawn from sale for the pres¬
ent.
FINANCIAL { CHRONICLE
Hicksville, Ohio
and interest
the number of bonds bid for and
&
to
not
exceed
2y2%
interest
road improvement bonds.
Dated'
also the communities of Arnold April 1, 1948. Denomination $1,000...
Due on Jan. 1, as follows: $3,000
and
New Kensington vin West¬
moreland County, are set forth in from 1950 to 1953, and $2,000 from"
leghany
County
municipalities,,
*
1954 to 1957, all inclusive. These
218-page report recently made
are
the bonds authorized at thepublic by ,John F. Laboon, Chair¬
election held on Dec. 16, 1947.;No;
man of the Authority,. ? The plans,
1962, A total of $1,961,000 prin¬ Jan. 1, 1948. Due serially on Sept.
is the result of a 2-year? study of bids for/less than par and accrued
interest.' The bonds are optional!
cipal amount of the issue, due 1, from 1949 to 1951 incl; Interest the
project and the cost of $82,from 1963 through 1973, is not in¬ payable M-S. The next highest
on any interest payment date.
000,000 is based on July, 1947,
bidder was Fox, Reusch & Co.,
clude# in'the offering.
prices,1 The program will likely
Sioux Falls, S. Dak.
for 2V4S, at 100.30.
remain in the blue-print stage for
Bond Election—At an election:
Corning, Ohio
Wayne Local SchoolDistrict (Pf O. sometime' •
to be held on April 20 the voters
j Bond Sale Details—In connec¬
Lisbon), O/uV
will
consider
the
issuance
of :
tion with the sale of the $17,000
Penn
Toivnship ? School District
Bond Offering — 'Bert DaVis,
street improvement bonds to the
$250,000 municipal electric plant •.
(P.O. R.F.D.; No. 1, Verona), Pa*
Clerk of the Board of Education;
bonds.
Bank of Corning Co., as reported
Bond Sale—The $275,000 school
will
receive
sealed
bids until
in our Jan. 26 issue—v. 167, p. 482
noon
TENNESSEE
i
(EST) on Feb. 25 for the bonds, offered on Feb. 6—v. 167,
—we learn that the bonds were
purchase of $15,000 not to exceed p.; 483-^were purchased < by the
sold as 2% s, at a price of 102.50,
Claiborne County (P. O.
4
;
3% interest building bonds. Dated First Boston Corp., and Stroud &
a
basis of 2.40%. Due from 1950
a,',azewell), Tenn.
Nov. 1, 1947. Denomination $1,000; Co., of Philadelphia, jointly, as
to 1959, inclusive.
Bond Offering—J. Kyle Kivett, '
Due $1,000 on Sept. 1 from 1949 to 21/£s, at a price of 100.409, a basis
Fairfield Local Sch. Dist. (P. O. 1963 inclusive. Interest M-S.; A of 2.465%. Dated-Feb. 1, 1948. Due County Judge, will receive sealed 1
bids until 11 a.m. (EST) on March
R.F.D. No. 4, London), Ohio
certified check for $250, payable
serially on Feb. 1 from 1950 to
17 for the purchase. of. $400,000 '
Bond Sale—The $106,000 build¬ to order of the B oard of, Educa¬ 1974 incl. Interest payable F-A.
not to exceed 4% interest school"
next
tion is required.
highest
bidder was
Bonds were au¬ The
ing bonds offered on Feb. 5—v.
coupon
bonds. Dated -March 1, ■
167, p. 594—rwere purchased by thorized at the Nov. 4, 1947 gen¬ Singer, Deane & Scribner, and
1948, Due $50,000 on Sept. 1, from *
eral election and were originally E. H. Rollins & Sons, jointly; for
Fox, Reusch & Co., Browning &
1950 to 1957 incl. Bonds maturing •
2%s,
Co., and Charles A. Hinsch & offered for sale on Jan; 27.
a
■
•
clusive. Principal and interest (JDp payable at the Dollar Savings
&
Trust Co., Youngstown. The
next highest, bidder was Braun,
Bosworth & Co., Inc., for 2 % s, at
101:541.
Cleveland, Ohio
Bond
Sale
bonds offered
The
—
$6,250,000
Feb. 10—v. 167,
on
594—were purchased by a syn¬
composed of Blyth & Co.,
p.
dicate
Goldman,
Sachs
&
Kidder
Co.,
all of New York,
Peabody & Co.
Stranahan, Harris & Co., Inc., of
Toledo, Braun, Bosworth & Co;,
Inc., Field, Richards & Co., of
Cincinnati, Salomon Bros. & Hutz-
ler, Hemphill, Noyes & Co., both
of New York,
Harris, Hall & Co.,
Chicago, L. F. Rothschild &
Co., of New York, Alex. Brown &
Sons
of Baltimore, Schoellkopf,
Hutton & Pomeroy, of Buffalo,
of
Ryan, Sutherland & Co., of To¬
I. duPont & Co.,
Coffin & Burr, C. F. Childs & Co.,
Wm. E. Pollock & Co., all of New
York, Provident Savings Bank &
ledo,
Trust
Francis
Co., of Cincinnati, Minsch,
Monell
&
G.
Co.,
Walker &
H.
Co.,
both of New York, Ball,
Burge & Kraus, Merrill, Turben
& Co. both of Cleveland, Tripp &
Coy of New York, Sweney, Cartwright & Co., of Columbus, Hirsck
& Co., of New York, E. Lowber
Stokes & Co., of Philadelphia, and
William R.
Compton & Co., of
of New York, at a price of
100.074,
net interest cost of 2.3625%, as
a
follows:
-
serially
to
as
2V2s. Due
Sept. 1 from 1949
on
1960 inclusive.
,
at^a price of 101.41.
Co., all of Cincinnati, jointly, as
2y2s, at a price of 101.184, a basis
of
2.382%.
from 1949 to 1973 inclusive.
der
serially
1949 to
Sept.
on
1 from
1973 inclusive.
1949 to 1970 inclusive.
400,000 lakefront
bonds, as 2V4S.
Franklin
-
from
1949
to
1973
inclusive.
300,000 police and fire station
bonds, as 2y2s.
Due serially
Sept. 1 from 1949 to 1973
on
200,000
receive
will
City
hospital
2%s. Due serially
bonds,
on
bonds,
on Sept.
number
must
1
cemetery
as
2%s.
improvement
Due
serially
Sept. 1. from 1949 to 1958
inclusive.
bonds,
as
rially on Sept.
to
1.973
the
bonds.
the
state
for and
bid
and
of
delivery.
number
the
accrued
2yis. Due
1 from
Bond
of
inclusive.
finances and other economic fact¬
for the various counties, cities
ors
interest
to
date
payable
check
Sale
for
$100
connec¬
Jan. 5 issue—v. 167,
learn that, the bonds
our
93—we
were
sold
as
follows:
Feb.
on
100.10, a basis of 1.983%.
serially on Oct. 1, from
1949 to 1958 inclusive.
ing to
the
at
general
authorized
were
held
election
on
A certified check for
2% of the bid, is required.
connec¬
24,000 Alger and Liberty Street
improvement notes, at a price
of 100.11, a basis of 1.683%.
Due on Oct. 1, 1949.
20,000 Cherry and Locust Street
improvement notes, at a price
V of 100.11, a basis of 1.683%.
for
bonds
the
of
issue
having the same terms and
numerical
maturity.
mitted
In
election
only
one
check
provided, the
above
by
one
as
to the bid for the
Board
applicable
for
In case
a
deemable
Lake Oswego Rural Fire
District
Bond
Protection
(P. O. Lake Grove), Ore.
Offering—The
Board
of
bonds
If
bonds
is
deemable
terms
of
sale
Directors will receive sealed bids,
subject to all
7:30 p.m. (PST) on Feb; 16
until
for
the
;set forth
purchase of $25,000 not?
4% interest improve-.- tfJWest
Due
Feb.
1950
and
1,
Dated
as
1951
1958
Feb. 1, 1948.
follows: $2,000 in
will
a
above
bid for re¬
accepted the
under and
be
the provisions above
1
/
.
Bond
Offering-^Harry G. Can*f
ning, District Secretary, will re¬
$3,000 from ceive sealed bids until 8 p.m.
Optional (EST) on Feb. 17 for the pur¬
any subsequent, chase of $150,000 field house con¬
and
inclusive.
Feb. 1, 1954 or on
:
-
water
and
Dec.
on
light
1,
bonds.
follows:
as
1964;
•:
j
bonds. Due
on
Dec.
1,
as
•
1949;
: r
1
$9,000
in
1950;
$16,000
in 1952; $23,000 in 1953;
000 in 1954; $11,000 in
v
-
$14,- .
1955; ^
in 1956; $15,000 in
1958; $23,000 in 1959;- $11,000
in 1960, and $3,000 in 1961.
h
$10,000
all
inclusive.
check for $500 is required. Legal¬
as
ity to be approved by Winfree,
McCulloch, Shuler & Sayre; of
a
Portland.
and interest
to
name
Reenterable
principal
a
only? Bidders rto
single rate of interest in
V4 of 1%. Principal
multiple of
payable at the North
•
Dated Jan. 15, 1948. Denomina* ■'
tion $1,000. Bidders are requested' k
to
name
for
a
the
the
price they will
pay
bonds
rate
or
bearing interest at *
rates likewise
to; be L
designated in their bids; provided
however, that each interest rate
.
designated shall be an even 'multiple of Vs of 1%, and that al}'*"
so
of. the bonds of the
shall
bear
interest
rate.-Bidders
one
both
or
may
of
maturity '
same
at
the
^
same
/
bid for either
{
.
said
issues.
The
.
Town will furnish the
ion
of
Charles &
legal opin¬
Trauernicht, of
March
1959,
>
fol¬
Treasurer's
certified
•
lows: $9,000 in 1948; $6,000 in
Louis, and will pay for the
printing of the bonds. The bonds
A
-
in
interest payment date.
Interest; struction bonds. Dated March 1,
F.-A. Principal apd interest pay*. 1948.
Denomination
$1,000. Due
able
at
the
Clackamus County $15,000 on March 1, from 1950 to
office.
,
.
follows:
as
$25,000 in 1965 and
$70,000 from M967 to
1970, and $67,000 in 1971.
150,000
street
improvement
bonds
View School District, Pa.
exceed
bonds.
described
will be rejected.
the
1966;
deter¬
bonds is accepted all bids for re¬
bonds.
v1';
„
The
1961; $15,000 in
1962; $40,000 in 1963; $36,000
in
.
bid for
non-redeemable
V
$12,000
•"
is accepted all
bonds
bonds
Due
the
shown
6—v.
in
Offering—W. B. Brigham,
Recorder,
will
receive
$500,000
check to
type of bonds which the
of School
Directors shall
bids
000
bidder it shall be necessary
to submit
be
bonds
Feb.
deferred.
reoffered
sealed bids until 2 p.m. (CST) on
Feb. 26 for the purchase of
$650,-
bids are sub¬
redeemable and
non-redeemable
same
Bond
Town
their
of
be
Dyersburg, Tenn. :
case
both
for
order
will
future.
near
for
483—was
p.
pro¬
1, 1955, being bonds Nos.
36 to 75, inclusive, will be re¬
deemable at par and accrued in¬
terest
at
any
interest payment
date on or after March 1, 1955,
on
30 days' published notice in
inverse
167,
bonds
and
visions as above set forth except
that any or all bonds due after
redeemable
an
same
held recently the voters approved, described above will be rejected.
the issuance of $50,000 reservoir In case a bid for non-redeemable
1952 .to
follows:
At
—
scheduled
bonds
Optional Bids Invited—Bids are
also requested, subject to all of
the above terms and conditions,
mine to issue.
Creswell, Ore.
Bonds Voted
sold
Oct. 1, 1949.
bonds
Nov. 4, 1947.
ment
on
and accrued inter¬
par
pay
These
est.
to
Due
of
1964, and
$1,600 in 1965. The bonds shall be
sold to the bidder offering
the
with the sale of the
$44,improvement notes to Ryan,
Sutherland & Co., of Toledo, as
l%s, we learn that the notes were
1
receive
(CST)
purchase
Due $4,000 from 1953 to
000
as
will
the
for
19
$49,600 electric distribution bonds.
of
Details—In
Clerk,
sealed bids until 7:30 p.m.
OREGON
6,000 Cherry and Locust Street
improvement bonds, at a price
Sale
Super-
Offering—Wm. J.
Town
naw,
,
March
Skiatook, Okla,
Bond
;
$12,000 Alger and Liberty Street
improvement bonds, at a
price of 100.475, a basis of
1.918%.
Due serially on Oct.
1, from 1949 to 1958 inclusive.
Note
^
lowest rate of interest and agree¬
Details—In
with the sale of the $18,000
improvement bonds to J. A. White
& Co., of
Cincinnati, as 2s, as re¬
ported in
and towns in the State.
bonds
tion
se¬
1949
,
.
bids
amount of
Interest
certified
A
gross
All
payable to the Board of Trustees,
is required.
40,000 Cuyahoga River improve¬
ment
in inverse numerical order at the 1
-—
•
tion
from 1949 to 1973 inclusive.
bonds,
1
of
Due
as
Offering
i
.
1
from 1949 to 1968 inclusive.
50,000
R.
until
and accrued interest. Bids
be made upon all or any
par
house bonds, as
Due serially on Sept. 1
100,000 incineration
2V4S.
Due serially
bids
the highest bidder at not less than
as
Sept.
from 1955 to 1957 shall be callable
Ralph Sloan; option of the County on Sept.- 1, ;
Secretary of the Board of School 1954, or any interest payment
Directors* will receive sealed bids date thereafter at par and accrued *
ing bonds offered on Feb. 5—v.
until, 8 p.m, (EST) on.March 1 for interest to date of- redemption. All
167, p. 594—were purchased* by
the purchase of $75,000, coupon of the bonds shall ,bear the same
C. Edgar Honnold, of Oklahoma
school bonds.
Dated March 1,. rate, of interest. Completed bonds
City, the First National Bank, and
1948. Denom- $1,000. Due $5,000 and legal opinion of Chapman & y
the Victory National Bank,; both
on March 1 from 1949 to 1963 incl.
Cutler, of Chicago, will be fur- 1
of Nowata, jointly, at a net in¬
without expense
Bidder to name a single rate of nished
to the
terest cost of 2.3674%. Due serially
interest, expressed in a multiple purchaser. A certified check for »
from 1951 to 1960 inclusive.
of
Va of 1 %. Bonds are regis- $6,000 payable to the County, is
Oklahoma (State of)
able as to principal only.
A cer¬ required.
Municipal Debt Statistics Com¬ tified check for $1,500, payable to
i
;
Dresden, Tenn.
order of the district, is required.
piled—R. J. Edwards, Inc., of Ok-?
Bond Sale Deferred—The sale
lahoma- City, will furnish, upon Legality
approved
by
Morgan,
of the $30,000 public improvement
written request,
a
copy: of the Lewis & Bockius of Philadelphia.
Bond
Nowata School Districtp Okla.
Bond Sale—The $85,000 build¬
purchase of $20,000 5 % fire ap¬
paratus bonds. Dated Feb. 1, 1948.
Denomination $1,000. Due $2,000
firm's 13th Annual Financial Sur¬
on Oct.
1, from 1949 to 1958 incl.
Bidders may bid for a different vey of Oklahoma Municipalities,
which contains a wealth of up-torate of interest in multiples of lU
date information bearing on the
of 1%. The bonds will be sold to
100,000 market
2Vzs.
Merle
—
sealed
6:30 p.m; (EST) on Feb. 24 for the
from 1949 to 1971 inclusive.
on
Offering
Stump. Clerk, Board of Trustees,
inclusive.
:
Township (P. O. Clinton,
R. D. 1), Ohio
Bend
p.
development
Due serially
'
.
Prospect Park School District, P**'
OKLAHOMA
„
2V2s, at 101.376.
2V4S.
as
450,000 recreation bonds, as 2y2s.
Due serially on Sept. 1 from
.
J. A.
was
Fremont, Ohio
1,000,000 bridge bonds,
Due
The next highest bid¬
White & Co., for
able A-O.
1968 inclusive.
to
Dec.
1,: 1947.
Due serially on Oct. 1 from 1949
to 1971 inclusive.
Interest pay¬
A-O.
1,060,000
Cleveland
municipal
airport bonds, as 2y2s.
Due
serially on Sept. 1 from 1949
.
Dated
bid
1,250,000 general sewer bonds, as
2^s. Due serially on Sept. 1
.
.
may
$1,300,000 park bonds,
■
-
St:
will
be
delivered
25.
on
Principal
or
and
before
interest
payable at: the First-Citizens National
Bank,"1? Dyersburg.
.
;
A
"
cer¬
tified check for 2% of the amount
of bonds bid
for, payable to the
-
Volume
167
Number
4673
THE COMMERCIAL
Town, is required. These are ,the
bonds ; offered on Jan. 26, for
&
FINANCIAL
CHRONICLE
(795)
Nos. 501 to 536 and 693 and
Pomeroy, First of Michigan694, the American National Bank of
Corp., Francis I. duPont ;& Co.,
to the amount of
$38,000, at Austin.
The
City will furnish
which all bids received were re- Dick &
V, par plus 5% interest, matur¬ the
Merle-Smith, Bramhall,
purchaser with a complete
Barbour &
Co., .Hirsch & Co.,
ing March 15, 1968.
certified copy of the entire
pro¬
Whiting, Weeks & Stubbs, Dallas
Interest ceases on date called.
■rGleason, Tenn.
ceedings connected with the issu¬
Bond Sale Details—The $40,000 Rupe & Son, Tripp & Co., Kobbe
ance of the
Jefferson County Independent Sch.
bonds, together with
& Co., John Small &
Co., Moroney
street improvementv bonds
the final
pur¬
unqualified, legal opin¬
\
District, Texas
Beissner & Co., Louis B.
Henry
chased by the Bank of Gleason—
ion of Dumas &
Bond Sale—An issue of
Huguenin, of Dal¬
Investments, Pohl & Co., and R.
$117,- las.
—v. 167,
p.:483-—were sold as 3V4S, H.
Any other opinion desired by
000 3M>%
Johnson & Co., jointly for
school house and re¬
at a price of
2s, at
the purchaser will
100.50, a basis of
be obtained
100.076. •J."-.;
funding bonds was purchased re¬
about 3.15%.
/■■:!//J
and paid for
Dated Jan. 1, 1948
by him. All bids
cently by the First of Texas Corp.,
and due on Jan. 1 from 1949 to
Dallas County Water Control and
must be submitted on a form
of San Antonio.
pro¬
Dated Jan. 20,
1958 inclusive. 4
vided by the City, which
* y /; Improvement District No. 4 •••
1948. Due on Jan.
may be
20, as follows:
obtained from the City
(P. O. Arcadia Park,
Madison County
Secretary's
$2,000 from 1949 to 1951; $2,500
(P. O. Jackson),
office. A certified check for
Dallas), Texas
from 1952 to 1955; $3,500 in
$45,Tennessee
1956; 900
payable to the City, is re¬
Bond Sale Details—In connec¬ $2,500 in
;
Bond Offering — August Wilde,
1957; $3,000 from 1958 to
■,./'■■ ■ /:/:/;J'/
County Judge, will sell at public tion with the sale of the $150,000 1966; $4,000 from 1967 to 1974; 5,- quired.; /:
auction at 2 p.m. (CST) on March sewer bonds, to the Central Invest¬ 000 trom 1975 to
1980, and $6,000
Lyford, T exas
ment Co., of
11 an issue of $225,000 not to ex¬
Bond Sale Details—In connec¬
Dallas, as reported in .1981. All bonds maturing from
learn that the
bonds were sold
to the First National Bank
and the
Planters
interest
bonds,
in
fol¬
as
lows:
—we
sold
$185,000 North Side High School
bonds.
Due Feb.! 1, 1968.
40,000 Denmark School bonds.
Due Feb.
Dated
-
1, 1948.
'-
'
at
■-
Fort
sealed bids until 10
Feb. 24 for the
held
rate
than
Bond
no
of
considered
for less than
92.00,
as
issue
v.
;
$20,000
authorized
at
;/•
■
to
legality by Gibson, Gibson
Boothman, of Austin.
&
school
Bonds Voted
will
be
considered
for
all oL
No bid
less /than
all
of
No
bid for less than par,
other
the
of
both
issues.
and
obligation,
be
given to the
bid
295,000 bonds
of
Harris
County (P* O.
Houston), Texas
and accrued interest, or bet¬
which
specifies the
lowest
interest rate. Principal and inter¬
par
ter
est
cal
*■
Bond
(F-A) payable at the Chemi¬
Co., New York
to
City.
& Trust
The
bonds
be
direct
a
Trust
and
Chase
will
be
furnished at
of the
chaser
will
the
ex¬
County.
The pur¬
the
printed
furnish
bonds at his own expense. A cer¬
tified check for $5,000 payable to
the
./•'•
Bond
Sale
Of
the
$75,000
bonds offered on Feb. 5—v. 167,
p. 483—$65,000 was purchased by
H. P. Stainback, of
Somerville, at
3%s at a price of 100.007. Dated
—-
of
New
Dougherty
Rotan,
$3,500,000
1948.
Crosby County (P. O. Crosbyton),
\>
Bonds
Voted—An
issue
3,500.000
of
1948.
■
election held
on
Jan. 31.
.
Ennis, Texas
Sale—An issue of $300,water
and
sewer
revenue
$175,000
series
on
Due
A-2
$175,000
'
March
of
J
.
Bond
Sale
—
water and sewer,
The
1,
first installment
on Feb. 10—v.
167,
484—were purchased by a syn¬
dicate
composed of - the Union
from
p.
trict
v
Co.,
&
is
scheduled
March 8.
or
10
;
Harris
to
either March 5
v°
i
on
"
.
County Water
and
.
Sea■■■
VImprovement&istrict Nol^
l - (P. O. Houston), Texas
'/■.■"'I
.
Bonds
Voted
—
At
an
1,
f
-
election
Co.
light
bonds.
im¬
Due
system
March
on
1958,
V Dated
at
or
a
on
date
:
any
March
interest
thereafter
at
bank
purchaser
1,
be
to
and
1948.
Payable
selected
by the
by the
approved
to the amount
;
'
*
-*i
4
•l
,-i
|.<
;
of
$36,000, at
par plus 4%% interest,
turing March 15, 1947.
ma-
h
was
the
cancelled
and,
above
issuance
of
o s
County hospital bonds
on
connec¬
$345,000
as reported
Jan. 26 issue—v. 167, p. 484
learn the bonds were sold to
our
light system
revenue
considered.
agree
to
make
payment
accept
The
bonds
bidder
delivery
for
the
of
will
must
and
bonds
at
$1,000. Due
follows: $1,000 in
from 1950 to 1961;
1,
as
1949; $2,000
$15,000 from
syndicatq composed of the First
1962
to
1964,
and
Corp., Columbian Securi^ $20,000 from 1965 to 1968, incl.
ties Corp. of Texas, both of San Bonds maturing on and after 1958
Antonio, and J. Wylie Harris & are to be optional for redemption
Co., of Houston, at a price of par, on any interest paying date after
10 years from date of
a
net interest cost of
issue. The
2.64%, as
follows: $40,000 as 214s, maturing legal opinions connected with the
bonds and the printed bonds
$20,000 in 1949 and 1950; $150,000
are
as
214s, maturing $20,000 from to be furnished by the purchaser
1951 to 1954; $35,000 in 1955 and without
any
cost
to! the
City.
1956, and $155,000 as 2%s, matur¬ Principal and interest (M-S) pay¬
ing $35,000 in 1957, and $40,000 able at the First-Taylor National
from 1958 to 1960 inclusive. Dated
Bank, Taylor. These bonds were
Jan. 10, 1948.
Bonds maturing authorized at the election held on
from 1955 to 1960, are optional for Feb. 3. A certified check for
$3,000
prior payment on J an. 10, 1954, or is required.
on
interest
any
payment
date
Wilson County Road District
No. 7
(P. O. Floresville), Texas
Bonds Sold—An issue of
thereafter at par and accrued in¬
terest to date of redemption. Prin¬
cipal and interest
at
the
State
(J-J)
payable
Treasurer's
office.
Approved as to legality by McCall, Parkhurst & Crowe of Dal¬
$100,-
000 road bonds was sold
recently
to Russ &
Co., of San Antonio.
VIRGINIA
las.
as
reported
167,
—v.
bonds
p,
were
in
our
Jan.
484—we
sold
26
issue
learn
at par,
and
Falls
Bond
$115,000 from 1968 to
1973
held
on
Feb.
will
consider
the
17
the voters
issuance
of
$1,000,000 water bonds,.
WASHINGTON
Clark
County, Battle Ground
Con¬
solidated School District No. 115
(P. O. Vancouver), Wash.
Bond
Offering —Eva
the
all in¬
Church, Va.
Election-r-At an election
to be
ma¬
on Feb. 10 as follows:
$10,000
1949; $20,000 from 1950 to
1959; $50,000 in 1960 and 1961;
$100,000 from 1962 to 1967, and
Reagan
Dec.
11, 1945.
The! $1,850,000 electric light
sys¬
tem revenue bonds are
part of an
issue of $4,924,000 authorized at
be
March
of Texas
clusive. Interest payable F-A.
on
.
Glore, Forgan & !•;
Co., Lee Higginson Corp., A. G.
;/f
Becker & Co.,
Schoellkopf, Hut-
sale
to
C1ty-
voters
City. The $445,000 general obli¬
gation bonds were authorized at
,
Co.,
the
re-offering,
changes with respect to
maturity, etc., were made by the
elec¬
an
the
the election held
&
&
bid, payable to or¬
city, is required. Bonds
originally offered on Feb. 12
various
in
March
s
Shields
but
ture
and accrued interest.
of' Memphis, Wurts, held on Feb. 2 the voters
approved an election
held on Dec. 2, 1947.
/Co., of/Philadelphia, the issuance of $575,000 water and
Bidders are requested to specify
Moss, Moore & Co., of Dallas, and sanitary sewef system bonds.. A
the rate of interest the bonds will
Perrin, West & Winslow, of Bos¬
Houstonlndependent -School
bear,'but split rate bids involv¬
ton, ,at a; price of 100.02, a net
District, Texas
*
ing more than two rates on either
interest cost of
1.93%, as follows:
one of the issues will not be con¬
$3,000,000 as l%s, maturing $300,sidered.
Rates must be in a mul¬
000 Aug, 1, 1948;
$300,000 Feb. and Manager of Board of Education;
tiple of 14 of 1%. The bonds will
Augi l from.1949 to 1952; $300,000 calls for
payment the following be sold in one
block, requiring
Feb. 1, 1953; and
$3,000,000 as 2s,
stadium, field house and recrea¬ the bids submitted to be for all or
maturing $300,000 Aug. 1, 1953,
tional
No bid in¬
facilities; revenue
and
bonds none of the bonds.
$300,000' Feb. and Aug. 1,
from 1954 to 1958, all inclusive.
aggregating $74,000, at the First volving a rate of more than 3V2%
on the $445,000 general
Dated Feb. 1, 1948.
obligation
Principal and National Bank, of Houston as foL
bonds will be
interest (F-A). payable at the Re¬
considered, and no
lows:
v
bid involving a rate of more than
public National Bank, of Dallas.
Nos. 467 to 500 and 691 and
The
next
692, 3%% on the $1,850,000 electric
highest ! bidder
was
Dulles
will
der of the
were
$95,000 in
" payment
par
re-offer the
electric
called for payment on
f
/
songood & Haas, R. D. White &
Co., all of New York, J. C. Brad¬
ford
March
on
the
approve
and
of the amount
^
1960; $100,000 in 1961 and 1962; $105,- Pasadena Independent Sch. Dist.,
Texas
000 in 1963 and 1964;
$110,000
Bond Sale Details—In connec¬
in 1965; $115,000 in
1966, and
tion with the sale of the $1,600,$120,000 in 1967 and 1968.
construction
bonds
to the
Bonds maturing on March 1, 000
State Board of Education, as
1959 to March 1, 1968,
2'%s,
may be
are
1968: inclusive.
issue for sale
blower & Weeks, all of New
York,
Stroud /<&; Co;, pf r Philadelphia;
&
1949 to
bonds
Re-Offering Planned—The dis+
Securities Corp.;, Bear, Stearns &
Co., C; J. Devine &! Co., Horn-
MacKinnon
The
airport
as
1959;
1948 and mature
$150,000-annually
bonds offered
Donald
York,
dated March 10,
4
Texas
24
Dawson;
printing of
for the
pay
bonds
in
—we
$6,000
follows: $70,000 in 1949
$75,000 in 1951 and
1952; $80,000 from 1953 to
1955;
$85,000 in
1956
and
1957; $90,000 in
J958
and
made
New
of
$6,000,000
1954;
and 1950;
by
a
syndicate
headed by the National
City Bank
Dallas, Texas
<
to
general obligation
Due on March 1, as
revenue
County Flood Control Dist.
(P. O. Houston), Texas
was
Dec.
bank in New
a
the
approval of the State
General.
Bonds
were
authorized at an election on Dec.
9, 1947. A certified check for 2%
obligation
Voted—At
on
at
or
exceed
3%
interest
school
im¬
provement bonds. Dated March
1,
1948.
Denomination
a
municipal
1,850,000
on
—
3s,
Not
be
interest
Attorney
bonds.
Bond Sale Details—In
tion with the sale of the
.
$6,000 from 1949 to
1954;
$7,000 from
1955
to
1959;
$8,000 from
1960
to
1963; $9,000 from 1964 to 1966,
and $10,000 in 1967 and 1968.
was
clusive
Braunfels,
held
not
$350,000
as
follows:
Bid
Rejected
Re-Offering
purchased by the First
Planned—The $3,000,000 series B
of Texas Corp., Of San Antonio,
bonds of 1948 offered Feb. 11—
as
3V2S, and 3%s, subject to an
v.
167, • p. 595—were not sold as
election to be held on March 1.
bids were rejected. Best offer, for
Due serially from 1949 to 1978 in¬
ponds
1,
provement
of
bonds
did
$3,000
March
on
1949
bonds.
Harris
Bond
000
150,000
March
10 from 1949 to 1968 inclusive.
All
of
the
bonds
are
dated
March 10, 1948.
$335,000 road improvement bonds
was not approved by the voters at
an
bonds
Due
from
10 from 1949 to 1968 inclusive.
Texas
Not
Due
A-l
Bonds
tion
from 1955 to 1958; $7,000 from
1959 to 1963, and $8 000 from
1964 to 1968, all inclusive.
;
Webster
Philadelphia;
Moreland, and
series
general
and
City designated by the bid¬
prior
New
/
129,000 street lighting, general
bonds.
Due
obligation
on
March
1, as follows: $5,000
Co.,
&
water
not
may
supply the
legal opinion of the City Attorney
bonds.
gen¬
Due on
follows:
as
inclusive.,
100.529 for 2%s. a net interest cost
of about 2.669%. Sale consisted of:
TEXAS
i
&
Mosle
40,000
on
and
and
bonds offered on Feb.
deferred until Feb. 14. ! ^
revenue
Principal
city will
the
awarding the following $80,000
$40,000 water
1%
rates
der. Bidder to
pay for legal opin¬
ion of
Wood, King &
Deferred—Action
water
was
$3,000 in 1949 and
1950; $4,000 from 1951 to 1958;
$5,000 from 1959 to 1965, and
$6,000 from 1966" to 1968, all
Co., Philadel¬
A.
1,
bonds.
Dallas Rupe & Son, both of Dal¬
las. The group paid a price of
Jan. l, 1948. Due serially on Jan.
I from 1949 to 1964 inclusive.
-
York;
on
Award
of
(M-S) payable at the City Treas¬
York
T/
,
1/4
three
urer's office
19
Needville, Texas
Bond
follows:
phia; W. E. Hutton & Co., Kean,
Taylor & Co., Hannahs, Ballin &
Lee, and W. H. Morton & Co., all
Somerville, Tenn*
(CST)
named.
learn
1
bonds.
Taylor, Texas '
>
4
p i t a 1 construction
Bond Offering—Sealed bids will
1956; $4,000 from
bonds.
be received
1965, and $5,000 from
by the City Secretary
/ 1966
to 1968, all inclusive.
until 8 p.m.
Panola County (P. O.
(CST) on Feb. 17 for
Carthage),
the purchase of
91,000 park, general obligation
T exas
$150,000 not to
National
&
/
sanitary
system
1957 to
&
Newark; Stroud
County Trustee, is required.
■•••
i
from 1949 to
Savings Bank, Chicago;
Bank,, Bankers
Trust Co. and C.- J. Devine & Co.,
all
of
New
York; Philadelphia
National
Bank, Philadelphia;
Bear, Stearns & Co., New York;
Schoellkopf, Hutton & Pomeroy, of
Buffalo; Fidelity Union Trust Co.;
being issued subject to the
approving opinion of Chapman &
Cutler, of Chicago,' which opin¬
are
pense
all inclusive.
A-47,
and
of
than
more
follows:
purchase of $2,follows:
obligation bonds.
March
road bonds offered Feb.
167, p. 700—were awarded
syndicate composed of Harris
general obligations of the County
ion
$7,000,0pp
ID—v.
will
The
—
eral
299—we
p.
election
City Hall building,
$75,000
county
Bank
Sale
as
167,
Jan.
our
plant
March
multiples
of the
reported in
on
1, 1948. Denomina¬
tion $1,000. Due
$300,000 on March
1
from
1949
to
1968
inclusive.
Split rate bids are
limited
to
on June
1,
$1,000 from 1948 to
1957, and $2,000 from 1958 to 1962,
'/
an
until 2 pan.
Feb. 26 for the
office.
sale
series
sewer
Dated
that the bonds mature
-
payable at the State Treasurer's sealed bids
all
things being equal preferwill
*ence
bonds
At
—
G.
on
'
the bonds of both issues.
District, Texas
/
the
(CST)
of $6,000,000 not to exceed 3% interest
public improvement general tax
$20,000
refunding bonds to Harold
Wise & Co./ of
Houston, at
as
Levelland Independent School
■/!
election
an
Approved
Sept. 27, 1947 were pur¬ held on Jan. 24 the voters ap¬
chased by the State Board of Edu¬ proved the issuance of
$650,000
cation, as 3s. Dated Nov.. 1, 1947. construction bonds.
Denomination $1,000.
Due $1,000
//; Lubbock, Texas
on Nov.
1, from 1948 to 1967 in¬
Bond Offering r— Lavenia Wil¬
clusive.
Optional Nov. 1, 1957;
Principal
and
interest
(M-N) liams, City Secretary, will receive
one
interest, which shall ^ap¬
ply to both issues, and no bid will
be
of
County School
Sale—The
tion with
a.m.
purchase
31/2%
as
mond), Texas
bonds
1%, and
more
cost
!
County,
to
maturity are optional on
Jan. 20, 19t>3, at par.
Principal
and interest (J-J) payable at the
District No. 10 (P. O. Rich-
•
Denomina¬
bid
specify
1964
State Treasurer's office.
interest
::'!'
/
Bend
tion $1,000. Rate of interest to be
in a multiple of x/\ of
shall
net
a
'
'
1, 1966/
Feb.
Feb. 9 issue—v. 167, p. 700
learn that the bonds were
3.947%.
.
•
our
Antonio, Texas
Offering—J. Frank Gal¬
City Clerk, will receive
lagher,
■
4%
Bank, both of
2%s, at par.
as
San
Bond
.
ceed
National
Rosebud, jointly,
,
■
55
ton &
Burgett,
County
Treasurer,
will
sealed bids until 10:30
on
Feb. 24 for the-
receive
a.m.
(PST)
purchase of
$24,000 not to exceed 3% interest
bonds. Dated Feb. 15, 1948.
Due June
Indepen¬ Denomination $1,000.
dent School District
15, as follows: $1,000 from 1949 to
(P. O.
C
1960 inclusive,
and $2,000 from
Big Lake), Texas
County,
sewer
County
,
Bonds
held
Voted
—
At
an
election
Feb. 3 the voters approved
the issuance of $250,000 construc¬
tion bonds.
on
1961 to 1966 inclusive.
on
bids until Feb. 24 for the
pur¬
chase of $825,000 bonds as follows:
$600,000 district No. 6 bonds.
225,000 district No. 2 bonds.
:!. These
inverse
the
The
Callable at
numerical
and after June 15,
cipal and
at
Refugio County Road Districts
(P. O. Refugio), Texas
Bond Offering — T. G.
Jeter,
County Judge, will receive sealed
in
par,
1951.
order,
Prin¬
interest
County
(J-D) payable
Treasurer's office.
bonds
arevoted, unlimited
obligations of the district. A
check; for 5% of the
amount/ of the
bid is required.
Legality
approved
by Preston,
Thorgrimson
&
Horowitz,
of
tax
certified
Seattle.
;
the bonds authorized
at the election held on Jan.
31.
are
King
County,
Meridian Sch. Dist.
No. 222 (P. O.
Seattle), Wash.
Offering—A. A. Tremper,
County Treasurer, will receive
Bond
Rosebud Independent Sch.
Dist.,
Texas
Bond
Sale
sealed bids until 10:30
Details—In
connec¬
Feb.
on
18
for
the
tion with the sale of the
$125,000
school bonds, as reported in our
school
Feb.
1948. Denomination
2
issue—v.
167,
p.
595—we
a.m. (PST)
purchase of
$38,000 not to exceed 3% interest
^
,
1
bonds.
Dated
March
$1,000. Due
/M
/V
1,
on
56
follows: $2,000 from
and $3,000 from
1954 to 1963, all incl. Principal
and interest (M-S) payable at the
County Treasurer's office. Bidders
are required to submit a bid spec¬
ifying either (a) the lowest rate
of interest and premium, if any,
above par at which the bidder will
purchase the bonds, or (b) the
lowest rate of interest at which
the bidder will purchase the bonds
at par. The bonds will be
sold
with the opinion of Preston, Thorjerimson & Horowitz, of Seattle,
approving
the
legality of the
March
1,
as
to
1950
1953,
premium if called for re¬
without
demption thereafter; and also that
redemption of a part of said bonds
from the bridge revenues or from
unexpended proceeds of the bonds
remaining after completion of the
bridge may be accomplished on
any interest payment date on or
after March 1, 1951, upon terms
termined
rate
interest
lowest
the
on
Federal Reserve December Business Index
the City.
interest cost to
or
being issued sub¬
The bonds are
The
ject to the favorable opinion of
Lines, Spooner & Quarles, of Mil¬
waukee, which will be furnished
without charge to the purchaser.
par and accrued interest plus
premium
1%
less than the
amount of premium as hereinbe¬
fore indicated for retirement of
bonds
at
the
same
time
as
a
of
December
Denomination
$1,000. Due March 1, 1978. Prin¬
cipal and interest payable at the
principal office of the Trustee (to
be designated by the Authority)
1948.
1,
J;. \
in the State of Washington or at
Bank
Chemical
the
New
Bidders
the
the
agent of
specify
fiscal
York,
State.
Co.,
Trust
&
may
redemption terms and provisions,
however, the Authority has con¬
sidered
as
acceptable that
the
bonds be optional for redemption
prior to maturity as a whole at
any
time on or after March 1,
1951, for refunding purposes upon
accrued interest,
terms of par and
together with a premium of 4%
of the principal amount thereof if
called for redemption on or prior
March
to
Vk% of the
principal amount thereof if called
for redemption thereafter and on
or prior to March 1,
1958; 3% of
the principal amount thereof if
called for redemption thereafter
and on or prior to March 1, 1962;
2%%
of
the
principal amount
thereof if called for redemption
1,
1954;
provided no¬
those hereby offered
of intention to
tice
issue such
so
bonds is
publication, the holder or holders
of at least 15% of the principal
ing shall have filed a written pro¬
test, then such additional bonds
shall not be issued ranking on a
parity with the bonds hereby of¬
fered but may be issued only upon
the condition that the lien security
and
is subject
of payment
source
to
priority in favor of the bonds
hereby offered. The resolution au¬
thorizing this issue requires that
the maturity of all such additional
bonds shall be subsequent to all
other bonds then outstanding.
bids
All
firm.
and
unconditional
must be
will
bonds
The
be
March 1, 1966; 2% of the principal
amount thereof if called for re¬
prior
nished the successful bidder with¬
and
on
demption thereafter
to
March
prior
or
an on or
to
1970; 1V2% ol the
principal amount thereof if called
1,
for redemption
prior
or
thereafter and on
March 1, 1974; and
to
printed at the
out
expense
A certified check for
charge.
COMPANY
30
BROAD
sealed
and oral bids until 8 p.m. (CST)
on
Feb. 17 for the purchase of
STREET
New York, January 29, 1948
The
of
Board
of this Company has
dividend of Twenty (20c)
Gnnts
per
share on
the outstanding capital
-titock, payable March 15, 1948 to shareholders of
record at the close of business February 18, 1948.
tMs
day
Directors
declared
a
C.
O.
$261,000 not to exceed 3% interest
bonds
$1,000
from 1949 to 1953; $2,000 from
1954 to 1958, and $10,000 from
1959
to
1968, all inclusive,
subject to call in inverse or¬
CANADIAN PACIFIC
BAILWAY COMPANY
Dividend
At
Directors
Railway
of
Board of
held
of
three
today
per
able in Canadian funds
on
fund bonds.
1958 inclusive.
all
:
Feb.
on
March
at
plus
one
follows:
after
10
accrued
years,
interest
year's interest.
$5,000
from
1958, all inclusive.
16,000
is made possible
income from sources
than
railway
operations.
fire
ment
1949
bids
No
will
less
for
than
interest.
accrued
to
1,
Continued increases in gross earn¬
follows:
as
1949
-
to
1952,
equip¬
March
on
$3,000
and
the
furnish
Dated
Park
1,
$4,000
interest to be in
1948.
in
Rate of
multiple of V4
of 1%. No split coupons. Princi¬
pal and interest (M-S) payable
at the
...
will
a
Montreal. February 9, 1948.
not
157.2
1183.1
182.1
177.0
1179.5 160.
1138.0
137.6
133.6
1133.9 127.
344.8
306.2
i
■!"}•'
goods
O
■■
0
t Preliminary.
to
durable
by
second
1
points
147
140
139
150
131
143
132
276
1477
373
441
t284
264
272
274
294
235
«
213
yet available.
not
earloadlngs, and department store sales Indexes
manufactures,
durable
index,
total
in
shown
contract
on
District
with
payrolls index compiled by
Labor Statistics.
of
"
Dec,
State,
100.32,
steel.
and
(ron
at
price
a
1206
202
Annual
1945
-1947-
159
Indexes
Dec.
Nov.
Dec.
Dec.
——
1947
1946
t206
202
159
tl95
150
146
197
152
197
152
tl91
222
174
226
222
174>
t213
185
182
145
185
182
145-.
t177
140
513
503
381
513
-503
381
t466
322
*
heartn
Open
—
276
t285
281,
276
t276
240
234
235
t238
234
235
t230
232
t203
Automobiles
281
f233
equipment..—
transportation
201
187
t205
201
187
tl91
159
t187
157
184
197
*
184
197
1180
177
181
t181
176
182
tl86
140
tl55
150
141
tl41
148
129
t143|
131
tl42
137
132
tl22
133
114
1132'
122
1179
176
160
tl79
176
160
tl65
147
t201
.201
210
1196
206
203
t20G
192
141
143
135
141
143
135
t150
125
ft
-»<■
©
«
tl62
161
152
tl68
t231
235
219
f 227
226
1166
172
131
289
■>
Yonferrous metals and products
refining
and
Smelting
and
Lumber
162
1285
Machinery
products
Lumber
...
.
Furniture
clay
*
«
0
167
158
tl63
148
t237
233
224
t224
204
263
t227
226
263
t239
230
164
tl66
172
164
tl63
162
149
141
131
14.9
141
tl43
147
290
254
289
2.90
"254
t272
245
171
180
*
171
180
t164
171
1125
us
1127
114
t117
122
Tanning
122
110
•
126
110
t113
109
Cattle
141
122
*
147
122
t133
125
;
products
Gypsum and plaster products
Abrasive and asbestos prod.
Textiles and
products
consumption
Rayon deliveries
Wool
Dated
textiles
Leather
1962 incl. Interest
1948 to
from
1
-
'•
226
of
1947. Due serially on Dec.
Nov.
Pig iron
Cement
2.205%.
basis of
a
Dec. 1,
2V4S,
as
,.
MANUFACTURES
Cotton
the
*
Without
Seasonal Adjust.
1946
-1947-
and gjass products
Plate glass
—\
by
■'
V
100)
average =
Adjusted for
Seasonal Variation
1
purchased
300—were
p.
•
■
PRODUCTION
(1935-39
Feb. 6—v.
on
centered
multiply total by $410,269,000,
Book,
without seasonal adjustment, and
Index,
INDUSTRIAL
$480,000 build¬
bonds offered
averages,
<To convert indexes to
for 37 Eastern States.
by $184,137,000 and all other by $226,132,000.
Employment
and
par
The
purchaser
minerals
multiply
'
moving
three-month
Federal Reserve Chart
in
Book,
Reserve Chart
Federal
In
based
Dodge data
W.
month, of F.
shown
indexes
based on daily
nondurable manufactures, and
and minerals by .152.
nondurable by .469,
.379,
esidential
tureau
289.
244.
300
value
* Data
convert
figures,
256.
0
0
275.8
149
NOTE—Production,
To
0
337.3
306.1
t300
'relght carloadings
department store sales, value—
averages.
384.5
0
'
':
•
Department store stocks,
products
hide
and
leathers
88
Peters, Writer & Christensen, for
and
Sheep
leathers-
lamb
v
*
i
82
•
130
1
91
92
t95
90
68
t87
56
*
68
106
Goat and kid leathers
.
©
*
94
93
kip. leathers
112
124
tlOl
134
Park
V
;
.
Meatpacking
Other
'
p.
on
purchased
300—were
as
Dated Dec. 1, 1947.
par.
rially
June
on
inclusive;
1954
from
1,
Interest
167,
by
the
2V4S, at
Due se¬
fruits
Processed
foods—'
and
veg._
offered
were
U2.9
144
153
1147
151
f 182
189
175
t154
130
tl59
158
168
tl57
165
164
tl59
158
tl29
129
170
tlOl
118
>132
tl39
158
165
150
165
150
t158
145
186
168
177
186
168
tl79
164
90
87
87
91
85
"t91
85
153
138
tl53
159
141
t144
127
131
137
120
138
149
126
tl29
114
v
t203
tl78
159
-
Vv
"
t203
tl78
t193
1173
159
148
tl52
140
•
177
143
t170
139
41
170
139
tl63
132
411
278
t423
>'411
278
t399
271
1250
250
249
t251
251
250
t250
t29G
296
260
1296
296
260
1285
255
1423
427
422
t428
427
422
1*431
394
t226
226
252
./ 1226
226
252
1226
225
177
Coke
■
■
136
!
By-products-.
—-
—
'
—.—_—-
chemicals
Industrial
.—
Rubber products
purchased
V
tl59
143
t423
Gasoline
148
170
coal products-
Petroleum and
ua^on
133*
1159
consumption.
Newsprint
Springs, Wyo.
Feb. 9
on
155
170
1150
Printing and publishing
payable
Sale—The $118,000 bonds
149
143
88
Chemicals
Bond
131
t156
<177
Paperboard
Newsprint production
J-D.
1
t116
157
tl55
.
manufactured
Beehive—
Rock
117
159
Paper and products
to
1949
tl27'
1150
'
$315,000 school
Jan. 23—v.
*
162
tl30
Wheat flour
(P. O. Cody), Wyo.
Bond Sale—-The
117
156
Shoes
Manufactured food products—
County School District No. 6
bonds offered
1127
1154
»
21/2s, at 100.066.
•
236
MINERALS
by the Casper National Bank, of
163
141
t155
142
tl64
169
'130
t164
169
130
tl55
133
Anthracite
till
119
121
till
119
121
t112
119
Crude
1166
165
147
'1166
165
147
tl59
148
tl08
111
«
tl04
76
t117
88
159
58
t201
155
tl62
Fuels
Bituminous
Casper,
National
Stockgrowers
Bank, of Cheyenne, and Coughlin
& Co.,
of Denver, jointly, as 2V4S,
follows:
:;
r
;
petroleum
than par and accrued
tl62
0 Data
t Preliminary.
not
yet
163
.**141.
available.
$100,000 sewer bonds, at a price of
FREIGHT
100.15
;
next
highest
bidder
was
Bosworth, Sullivan & Co., Peters,
Writer & Christensen,
and North
State
Bank,
Rock
Springs,
Salt
Lake
Burton &
City,
and
Edward
100)
160
132
155
160
132
147
130
Coke
191
195
155
201
195
163
182
146
138
145
162
130
142
152
150
138
96
105
122
92
133
118
107
129
158
150
156
141
147
139
153
143
192
163
1146
60
163
45
181
136
156
151
148
147
158
139
148
1139
74
75
81
71
77
78
75
178
:
Grain
Livestock
—
products
Ore
L.
—
t Revised.
Co., jointly, for $18,000
2%s, at 100.05.
=
Coal-
155
Forest
Side
CARLOADINGS
(1935-39 average
18,000 fire engine bonds, at par.
l.c.l
interest.. The best bid will be de¬
,
^ore
Iron
/
coal
Merchandise,
less
U57.8
133.0
■
184, and First Security Trust Co.,
separately. The bonds will be sold
at
152.4
177.1
j»
issue
each
156.7
181.8
136.9
tl57.4
-
"
on
161
1154.0 142.
152.8
,,
,
goods
Miscellaneous
received
143
0
'
Durable
Nondurable
jointly, for $100,000 2V2s, at 100.-
be
153
0
127
tl37.3
,v
City Treasurer's office. Bids
Bramley,
Secretary
0
122
187
Total
-
17.
County School Dist. No.
The
March
125
157
ft
t182.9
goods—
factory payrolls—
Stone,
from
1953.
ings from freight traffic had been
173
'*91%-$.
—
Durable
printed bonds and the ap¬
proving opinion of Myles P. Tallmadge, of Denver. A certified
check for $20,000 payable to the
District Treasurer, is required.
as
Due
K>
163
employment—
Nondurable goods.
the
v
department
bonds.
154
143
'
1953, and $6,000 from 1954 to
by
Frederick
as
55,000 refunding temporary loan
bonds.
Due on March 1, as
for the year 1947
By order of the Board,
order
par
plus
cent in respect of operations
largely offset by decreases in pas¬
senger traffic and by increases in
wages and the cost of materials
and supplies.
1,
134
1R3
—»
Electric
f~0'' State, the only bidder,
Due March
1149
193
other—
Total
These bonds are
election to be held
inclusive, subject to call in
inverse
-
The Directors consider it desir¬
able to point out that this divi¬
dend of three per cent making a
total dividend
payment of five
other
one
$2,000 from 1949 to
1953; $3,000 from 1954 to 1958,
and $5,000 from 1959 to 1968,
.:
only
plus
132
155
being offered for sale subject to
an
plus
follows:
31, 1948, to Shareholders of record
at 3 p.m. on February 23, 1948.
per
par
75,000 refunding debt to pension
a
cent
(seventy-five cents per share) on
the Ordinary Capital Stock in re¬
spect of, and out of earnings for
the year 1947 was declared pay¬
at
year's interest.
Pacific
Canadian
Company
dividend
final
der after 10
years,
accrued
interest,
Notice
meeting of the
a
Due
March 1, as follows:
on
155
1155
payable J-D. The next bidder was
asso¬
1150
174
Calf
follows:
$115,000 refunding cemetery
ciation deposits bonds.
Secretary.'
BELL,
as
165
137
211
178
'
•
'
</
192
1172
224
+ 174
?act.orv
$40,000 on March 1 from 1949 to
167,
receive
will
1220
172
t228
(MST) on March 3 an issue of
$400,000 not to exceed 3 % interest
building bonds.
Dated March 1,
1948.
Denomination $1,000.
Due
ing
Clerk,
209
179
tlnG
field, Clerk of Board of Trustees,
will sell at public auction at 2 p.m.
WISCONSIN
City
224
tl73
190
.
V
Bond Sale—The
Wright,
177
1226
199
All
(P. O. Powell), Wyo.
Wis.
1193
1198
v'; "
Residential
Bloom-
N.
188
192
Clay
Portage,
PIPE LINE
Offering—C.
Bond
Authority, is required.
Bond Offering—Frances
BUCKEYE
No.
Wyo.
170
199
1189
—
Total
at
County Sch,. Dist.
1187
182
Construction
(P. O. Cheyenne),
1946
180
192
alue
Laramie
Indexes
Dec.
Nov,
Construction contracts, value—
the
to
"
1947
1191
\
Minerals
WYOMING
$200,000, payable to order of the
DIVIDEND NOTICES
THE
payable
$5,000
,
Anhual
1946
-—1947
Dec.
Dec.
Durable
certified
A
•
Adjust.
Nov.
ndexes
for
check
then outstand¬
bonds
of
amount
bonds.
the
of
;•
7"
Without
Seasonal
Variation
Seaconal
'''
.
Nondurable
be
must
and payrolls;
contracts;
/
100 for all other series.
Adjusted for
,
:.J
:j
S'L'.1'- ',-V.
''
Total
City, is required. :
all
for
bids
All
Milwaukee.
,
.
Manufactures—
together with the approving opin¬
ion of Lines, Spooner & Quarles,
of
The indexes for
follow:
Dec.
''
T
Industrial productionTotal
City,
the
published in newspapers
general circulation in Seattle,
Wash.,
Chicago, 111., and
New
York, N. Y. If within 30 days fol¬
lowing the completition of such
of
of the Au¬
thority and the approving legal
opinions of Chapman & Cutler of
Chicago, and of Pebbles & Kuykendall of Olympia will be fur¬
thereafter
by
I
—
1946
a
furnished
be
j,
^
1
■
1/10 of 1%. Fully executed bonds
will
time.
year ago,
employment
factory
average
•.
(V
J
premium of 2%. Rate
of interest to be in multiples of
terest and
a
100 for constructioh
average =
1935-39
son,
be issued to rank on a
month and
a
100 for
average =
1923-25
Offering—Nels M. Juste-
Bond
Any such bonds may
parity with
sufficient.
together with
Wis.
Wisconsin Rapids,
System issued
The Board's customary summary of busi¬
made public at the same
was
1939
a
Reserve
;-/■!■ v/';.;■ r...business indexes
City Clerk, will receive sealed
bids until 2 p.m. (CST) on Feb.
whole. Bidders should specify the
24 for the purchase of $300,000
rate of interest which the bonds
not to exceed 3% interest water
bonds. A certified check for 5% of shall bear in a multiple of lk of
works second mortgage revenue
the amount of the bid, is required.
1%.
bonds. Dated April 1, 1948. Denom.
The Authority is of the opinion
$1,000. Due on April 1, as follows:
Washington Toll Bridge Authority
that funds derived through sale of
$12,000 from 1950 to 1952; $13,000
(P. O. Olympia), Wash.
this issue will be
sufficient to in 1953 and 1954; $14,000 from
Bond Offering—J. W; Hoover,
accomplish all contemplated con¬ 1955 to 1957; $15,000 in 1958 and
Secretary of the Authority, will
receive sealed bids until 10 a.m. struction, however, the Authority 1959; $17,000 in 1960 and 1961;
reserves
the right to later issue
$18,000 from 1962 to 1964; $20,000
(PST) on Feb. 24 for the purchase
additional bonds for purposes of from 1965 to 1967, and $18,000 in
of the $14,000,000 Tacoma Nar¬
obtaining funds to pay the total 1968. Bonds maturing on or after
rows Toll Bridge revenue bonds,
costs of construction of the bridge
April 1, 1964, callable at the op¬
previously offered on Dec. 2, 1947
to
the extent that moneys re¬ tion of the City on or after April
at which time no bids were re¬
ceived from the sale may be in¬
1, 1964, at par, plus accrued in¬
ceived.
The
bonds
are
dated
March
conditions
ness
printed
of the Federal
Governors
ployment and payrolls, etc.
nished by the
fied
Board of
Jan. 28 its monthly indexes of industrial production, factory em¬
on
bonds will be fur¬
purchaser. A certi¬
check for 1% is required.
:>
The
Monday, February 16, 1948
CHRONICLE
FINANCIAL
&
THE COMMERCIAL
(796)
NOTE—To
in
Federal
convert coal
Reserve
and miscellaneous indexes to points in total index, shown
Chart Book, multiply*
coal by .213 and miscellaneous by .548.
@FedFRASER