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Price 75 Cents
-id.
"
RAILROAD
Acme
Steel
UTILITY
PUBLIC
-
Co.—Earnings—
TIpp
Gross
sales
Returns
71
'4fi
MQ4R
$12,*906,690
and
allowances
$40,508,742 $42,047,414
216,602
690,396
declines
taxes
of
Total
±1Q4S
1,089,218
on
skins
raw
sales
$12,690,088 $39,818,346 $40,958,196
2,904,500
7,663,662
8,354,878
1,103,710
2,912,192
6,177,775
Operating profit
Federal
taxes
Reserve
for
income
on
contingencies
Additional amortization
90,000
prior
120,000
for
112,549
years
*These
pendent
$1,710,790
NOTE—The
in
the
©pinion,
for
statement
cover any
have
984,324 shs.)
been
in
$1,964,874
$4.71
subject
FOR
6
MONTHS
directors
Feb.
10
to
$2.00
revision
by
which
prior
■
inde¬
earnings after all taxes and
Earnings per share
^Based
has
declared
been
provided
a
dividend
of
75
cents
'
1947
333.
p.
company
for 20,000 shares
^Underwriters,
Fmerich
&
Feb.
on
tri Thit
($25 par) 6%
cumulative convertible
Co.,
-,
•
(Stocks)
(Bonds)
preferred stock.
(No.
6698)
filed
with
945
SEC
Aug.
filed.—V.
165,
677.
p.
Air Publications Inc., Los
for
company
1,000
shares
directors
issued
to
for
filed
letter
a
notification
of
with
the
other
for
transfer
Proceeds
No
expenses.
will
of
be
business
used
underwriters
to
for
and
company
expansion
—-968
—.968
.
968
C.
R.
Chairman
will devote
of
the
board.
his full time
to
In
the
the
capacity
of Chairman,
company's affairs.—V.
Mr.
971
Harold
directors.
974
The Course of Bank Clearings
Dividends Declared and Payable
Foreign Exchange Rates
Combined Condition Statement of
975
978
977
978
—
Condition Statement of Member Banks of
Federal Reserve System
977
by Crane Co., Chicago, but action on the proposal is being
delayed
by unforeseen legal considerations, C. J. Rodman, President, announced
on
cannot estimate exactly how much further time will be needed
place the matter in position for action by the stockholders, but
are
endeavoring to have this done as promptly as possible," Mr.
Rodman stated.
Acceptance
common
Crane
BALANCE
for
by
proposal,
share
for
the
Jan. 23.
the
of
each
of
each
AllianceWare
See V.
offering
8/10ths
AllianceWare
share
of
of
common
AllianceWare
management
in
a
share
and
two
preferred,
a
letter
to
of
Crane
shares
of
recom¬
stockholders
was
For
the
six
Report—Benjamin Simons,
Feb. 3, said in part:
months
ended
Dec.
31,
1946,
the
profit
after taxes
$531,251 or $2.02 per share.
This in¬
cludes non-recurring profits consisting of collected refunds and marine
insurance adjustments amounting to $174,702, but is after
deduction
of (1) $130,000 added to the "Reserve for Replacement of Finished
and
all
Leather
reserves
amounted
Inventory";
(2)
to
a
accounts
SHEET,
receivable
DEC.
31,
161, p.
165
66.
p.
1418.
11
>
directors
share
made
elected
also
serve
Chairman
of
the
board
President of
as
the
compa
director.—V.
a
,
164,-p,, 2538.
Co.—$1.13 Participating Dividend-
Feb. 7 declared a participating dividend of $1.13
preferred stock, payable July 1, 1947 to holders of
1947. The regular annual distribution of $3 per share
on
-;
the
on
June
been
to
General Manager of/the company's Mexican opera¬
1,
this
on
issue
Jan.
on
2,
this year.
per share
.
participating dividend of 64 cents
164, p. 2682.
was
year.-—V.
;
■
.
American Time
,
'
,
\
paid on July 1,
,'
^
the
"""
.•
Corp.—Acquisition-
stock
of
American
Time
stock
of
the
Co.
capital
receivable,
Pond
was exchanged for all of
will be known as the Pond
Corp.
which
Engineering Division. Ralph Stedman and Kenneth Pond, officers o
the Pond Co., will serve as Sales
Manager and Chief Engineer, respec¬
tively, of the division, which has contracts to make industrial contr
apparatus
for
several
major: electrical manufacturing?'companle
—V. 164, p. 1582.
1
reserve
of
$840,000
for
possible
future
American Water Works & Electric Co., Inc.-
of
life
payable, $304,997; accrued accounts, $313,security taxes, $71,830;
provision for
State and Federal taxes on income,
$1,264,383; reserve for replace¬
ment
of
finished
leather
inventory,
$515,000;
reserve
for
possible
future price declines on raw skins -and hides, $840,000; capital stock
(par $5 per share), $1,313,600; paid-in surplus,
$2,143,042; earned
surplus. $2,391,185; total, $9,157,666.
NOTE—No effect has been given to the company's obligation, under
contracts made with two officers now deceased, at the option of their
estates, to use $125,000 proceeds of insurance on their lives for the
purchase of capital stock of the company held by their estates, at
withholding
the book value
and
social
Sept. 30, 1946.—V. 164,"p. 2005.
on
Power
insurance
week
of
output
ended
28.7%
over
of
Feb.
the
the
8,
electric
properties of this company for
totaled 94,568,000 kwh.
an
increase
1947,
output of 73,499,000 kwh. for the corresponding
1946.
'
1
"
we
)
i
Death of Chairman H. Hobart Porter—
H.
Hobart Porter,
Chairman of the board of directors,
York, N. Y,, at the age pf 8Lr-V. 165, p, 808.
,f„ -
New
died
.
■
"■
.
Angerman Co., Inc.—January Sales Off 8.8%Period End. Jan. 31—
Sales
1947—Month—1946
$467,402
-V-
165, ,P. 202.
.
$512,514
1947—12 Mos.—194~
$7,215,031
v
$7,320,009
,
A. P. W. Products Co., Inc.—Bonds Offered—Public
offering of $485,500 first mortgage and collateral trust
5% sinking fund bonds was made Feb. 11 at 97 Va and
•
SPECIALIST IN
CORPORATE FINANCE
FLORIDA & NEW JERSEY
Trading Markets in
Over the Counter Securities
MUNICIPAL DEPARTMENT
GEARHART & COMPANY
qAllen
&
Compan y
:
-
Established
30 BROAD STREET
Telephone* HAnover 2-2600
V
r/i-
INCORPORATED
■-.£
...
;
_
1922
NEW YORK 4, N.
■
Members New
■
York
.
.
Troster, Currie & Summers
;
Security Dealers Association
-•
Members New York Security Dealers Association
'
45 NASSAU
Y.
Bell Teletype: NY
1-573
Telephone
REctor
2-3600
74
STREET, NEW YORK 5
Philadelphia Telephone V
Enterprise 6015
Bell
H New
Teletype
York
1-570
Trinity Place, New York 6, N. Y.
Telephone HAnover 2-2400
Teletype NY 1-378-377
Private Wires to Buffalo Cleveland Detroit
3-
,
sVT V"'
SECONDARY MARKETS
Municipal Bonds
i
r-f
.
The directors have approved the purchase by this
company of Pcnd ?
Engineering ,Co., subject to final approval of the stockholders at the
annual meeting April 8.
Pond Engineering has been engaged in the
manufacture of
automatic
controls
for
machine-tools, and special?
machinery and the facilities acquired will increase substantially the
production capacity of American Time Corp. -
1946
$1,418,415; life
$3,114,209;
cash
(net),
LIABILITIES—Accounts
165, p. 677.
Allied Kid Co.—Semi-Ann.
on
and
$125,000;
inventories,
surrender
insurance, $314,839; sundry accounts receivable, $11,724;
mortgages receivable, $41,720; property, plant and equipment (after
reserves
for
depreciation of $1,791,427), $514,872; goodwill, trade¬
marks and formulae, $1; deferred charges, $44,644;
total, $9,157,666.
628;
President,
notes
claims
value
common
mended
on
will continue
American Service
The
ASSETS—Cash, $1,197,244; U. S. Treasury bonds (at cost), $2,375,000;
trade
.
;
Sale—
on
Feb. 10.
"We
we
Co. below—V.
Hochschild has
He
Common
Reserve Banks
~
-
Engineer, and H. J. Russell, heretofore
Assistant: to Vice-President. .Both
headquarters in New York.—V.
Glass
tions, has been elected
A
-977
K.
Charles E. Stott,
was
Notices
Proxies representing 98.35% of the
outstanding common stock have
received in favor of the proposed
acquisition of this company
Sales
appointed
are
Owens-Illinois
973
Redemption Calls and Sinking Fund
been
*;.u
American Metal Co., Ltd.—Hochschild Elected Cha
General Corporation and Investment News..933
State and City Bond Offerings
-985
Merger Delayed—
on
Agent,
See
last
Walker
-;:
Proceeds, for investment.—y/: 165, p, 525.
American Coating Mills, Inc.—Votes
969
Federal
AllianceWare, Inc.—Action
to
Sales
continue to make their
970
Miscellaneous Features
165, p. 677.
162, p. 1634.
American Car & Foundry Co.—New
Appointments—
3 announced the following
^
970
Curb
for
lyalker, formerly Chairman, President and General Manager
Corp., has resigned the latter two offices but will continue
this
as
York, is selling agent.
record
Aireon Manufacturing Corp.—Chairman
Resigns Pres¬
13, 1947.—V.
11 filed a registration statement with .the SEC
($1 par); papital stock, Lord, Abbett & Co.> Inc.,
The company on Feb.
H. Eaton, heretofore
969
idency—
of
F.
per
purposes
;
shares of capital
Shares Inc.~rRegisters ^itU SEC-%
The company on Feb.
-J—....—.967
SEC
named.
5,541
.
American Business
;
a
services.
..
New
(no
consideration
as
promotional
and
6
sufficient to purchase
.
.
,
.967
New York Stock Exchange..-.956
Transactions New York Curb Exchange
956
Stock and Bond Averages
956
Aftgeles, Calif.—Files With
was
,
967
par) common stock, to be sold to officers and
limited group at $10 a share and 3,000 shares to be
Howard S. Vandeman,
George E. Parker and Richard B.
and
"Thurber,
Feb.
on
sum
'
,
transactions
SEC—
The
which
for 2,000,005 shares
Exchange
Toronto Stock Exchange....
Tordiito Stock Exchange—Curb Section
OVer-tHe-Counter Markets
through private financing a portion of
the funds contemplated
by the proposed offering and a new registra¬
tion statement Covering a different
security for additional funds has
been
company on Jan. 25 invited tenders from the holders of its
stock for the sale of shares of said stock to the
company
per share.
The. sum of $429,427 was appropriated for this
966
Stock Exchange
Montreal Stock Exchange
22
.
,
(
San Francisco
50,000 shares
in charge of sales and service, has
Coffin, a director, has been appointed
p. 1418.
\
-
committee.—V.-161,
$77.50
966
Los Angeles Stock Exchange
Philadelphia Stock Exchange.
■'
C. W. F.
executive
Pi§!
department of the Brake Shoe and Castings, division, with
headquarters
in Chicago, Maurice N.
Trainer, President of the division, announced.
Mr. Conway, formerly Assistant Vice-President in
charge of sales, will
be
succeeded, effective Feb. l, by Ralph L. Robinson, District Sales
Manager of the division.—V. 165, p. 333. w"V'
.
" ,
* * '
" ■.
*
i " ' " . 1 ' )
956
Montreal
the
Vice-President
director.
a
.
St. Louis Stock Exchange
»nd covering $1,500,000 5%
sinking fund debentures and
of common stock (par $1) has been withdrawn.
The company has obtained
Brandon,
>-l
v
-
American, Brake Shoe Co.-^—New Vice-President—
Stephen S. Conway- has been appointed Vice-President in 'the. sales
961
,
Cleveland Stock Exchange
Detroit Stock Exchange]..*-
:
statement
D.
Chicago Stock. Exchange-;
Cincinnati Stock Exchange..• 'imfi
$1,528,673
.
Registration Statement Withdrawn—
registration
mining operation's.
The offer expired on Feb.
..7,. A7
Pittsburgh Stock Exchange
The
for
Baltimore Stock Exchange..
Boston Stock Exchange^—
Marache An Lord, New York;
and
Ames,
Chicago. Proceeds will be used for additional
Inc.,
l*m
•
New York Stock Exchange
Granbery,
working capital.
I
Seattle, Waish^!
a
stock.
Page
registration statement with the SEC
a
;
Co.,
American Book Co.—Stock Tenders Invited—
Stock and Bond Quotations
Bedford—Registers With SEC—
filed
7
not deductible
are
Feb.: 6 Tiled
on
member of the
purpose,
1946
v:;,v_;.
.
Aerovox Corp., New
The
profits before inventory reserves which
New York Stock Exchange
New York Curb Exchange
$1,309,335
165,
$0.90
J.
a
at
share,
per
used
been elected
for
Inc.—January Sales Off—
January—
$237,098
Capital
i*.
Sales
—V.
on
Mines
:
American Arch Co.—New
Director, etc..-,
for tax purposes.
■
Month of
will be
1945
$531,251
Plateau
r-:«
letter of notification with the Sec
for 60,000 shares (1 cent
par) common stock, to be offered at 50 Cents ;
a share:'
Company and its president will act as underwriters. Proceeds
$437,098
200,000
reserves.—
Gold
Ttie .company
31
$1,541,251
#1,010,000
MISCELLANEOUS
-
Alluvial
prices
$2.02
Reserve for estimated State and Federal taxes__
payable March 12, 1947 to stockholders of record Feb. 20, 1947. Pay¬
ments during 1946 were as follows: March
12, 40 cents; June 12, 50
cents; Sept. 12, 65 cents; Dec. 12, 75 cents; and Dec. 31, an extra $1.
—V. 164, p. 2537.
Adam Hat Stores,
DEC.
•« V WV M
;
Files With SEC-
above
years,
■
% ■'
income
1946
will, in the company's
reduction in profits due to renegotiation proceedings
or may
be, instituted by the government.-
on
ENDED
Net earns, bef. taxes, incl.
non-recurring profits
and after deducting all reserves
To Pay 75-Cent Dividend—
The
estimated
The
contingencies
and
$4,631,470
$1.74
preliminary and
JAdjusted figures.
are
reserve
above
which
(on
figures
auditors.
(3)
period were $9,400,000, which is much
the average for previous
years.
This is due in part to higher
and in part to the new
products we are handling.
99,680
profit
Ret profit per sh.
and
»•»»*»■•» Ml
Copy
a
V
M-"
.
INSURANCE
-
the
Net
Net
hides;
m
$1,010,000.
sales
EARNINGS
Net
and
-»
W
°
INDUSTRIAL
-
price
Quart. End. —Year Ended Dec. 31—
W*
7,
'■ '
'
Pittsburgh St. Louis
,
I
v
formed for the
Doolittle, Schoellkopf & Co., and Hamlin &
V; Lunt, both of Buffalo, and A. G. Edwards & Sons of St.
Louis. The bonds mature April 1, 1966.—V. 165, p. 3409.
Subs.)—Earnings—
Ijf/ Archer-Daniels-Midland Co. (&
jf
Uet
outstanding
per share
Shares
1945
1944
*$1,768,799 '"'$1,383,508
1,634,748
544,916
1946
§$5,372,009
1,634,748
End. Dec. 31—
profit
plan, the company's common stock will be
it is affected by the reclassification of the
except that it will thereafter not possess pre¬
emptive rights to subscribe to new issues cf preferred or common stock.
The presently authorized 250,000 shares of preferred stock, all of which
is outstanding in two series (4%
convertible series A; 148,000 -shares,
and
3.60%
series E,
102.000 sharest and the presently authorized
650,000 shares of preference stock, none of which is outstanding, will
be changed to an
authorized 900,000 shares of new preferred stock.
The outstanding series A and series B will be converted into corre¬
sponding series of the new preferred stock on a share for share basis.
Consequently the proposed recapitalization will alter the position cf
the outstanding series A and series B tc the extent that additional
shares may be issued in the future on a parity with them rather than
in the subordinate position of the present preference stock.
To com¬
pensate for such change, the company will Waive its right to redeem
any shares of the new convertible 4%
series A prior to Aug. 1, 1948,
and the dividend rate of the new series B v/iJl be increased to 3.75 '<
from the 3.60%
rate of the outstanding series, the new rate to be
effective as of Feb. 1, 1947.
The new series A and series B will have
tHe same call prices and liquidation terms as the outstanding series,
and the new series A will have in all material respects the same
conversion privileges as the outstanding series A,
The company states that the proposed recapitalization will facilitate
its financing of present and future capital requirements and reduce
the cost of such operations.
While definite plans have not been made,
the company is giving consideration to the possible issuance at some
future date of new preferred stock to provide funds to be used in its
program of capital expenditures.—V. 164, p. 3282.
*
unchanged,
t$l,955,290
$2.53
$3.58
$1.08
♦After depreciation and all income taxes.
Provision for all income
taxes
war reiund, aniounted to $4,400,000.
tAfter all charges, jncluding a provision of $7,000,000 for excess profits and normal income
taxes.
JProvision for all income and excess profits taxes, after deducting for postwar refund, amounted to $2,450,000.
§ After depreciation and all income taxes.
Taxes amounted to $4,544,000.—V, 164,
%
$3.28
Earnings
?'i
?
2826.
p.
Power & Light
Arkansas
Operating revenues
Oper. exps., cxcl.
Federal taxes
—
Net
oper.
121,351
36,188
82,306
$487,788
$4,107,070
$3,442,037
28,750
15,750
280,000
189,000
$286,071
$472,038
$3,827,070
1,949
79,833
27,113
$314,821
revenues—
of plant
for lease
(neti
Operating income
—
(netto-—
income
Other
Gross, income
78,125
78,125
937,500
2,700
106,383
27,485
17,622
5,249
126,668
88,000
65,000
231,000
$2,871,968
$2,216,635
608,609
-608,609
reservations of net
Misc.
semi-annual
Mr. Odium
a share on
the outstanding common stock had been declared for payment on March
20, 1947, to shareholders of record at the clcse of business Feb. 28.
1947.
On Aug. 6, 1946, the disbursement was boosted from 25 cents
share semi-annually to 75 cents.
This latest dividend action again
65,875
surplus.-'
applicable
Balance
$388,295
8215,355
pfd. stocks_
to
$2,263,359
$1,608,026
Balance.
165,
—V.
p.
67.
and
000
for
for
and interest.
be paid in dollars on accepted bonds
at the exchange rate for Pounds Sterling prevailing
business on April 11, 1947.—V. 164, p. 3138.
105
(&
Associated Electric Co.
Calendar Years—
operating
Total
revenues
Operating expenses
Electricity and gas
•
of
Amort,
—-
of property, plant & equip.
utility plant acquisition adjustments
Other
taxes
income
Federal
taxes
-—
deductions
of
Balance
Net
subs,
(oper.)
companies
-
$8,405,288
3,771,503
deduct, of the company
income
interest in the hotel field," he said, "is now
represented by 125,911 shares of common stock and 53,387 shares
4%
convertible' preference stock ($50 par value) of the-Hilton Hotels
of
formed in 1946 through a consolidation Of various
hotel companies, including the Plaza Hotel Corp., Stevens Hotel Clorp.
and Palmer House Co., in all of which Atlas Corp. had investments."
and
p.
of properties. or
165, "p. 67.
~rV.
Engine Go.—Secondary Offering
Francisco, on Feb. 3 made a second¬
ary offering of 8*500 shares of common stock (par $2.50)
at $11 ^4 a share. The offering, made after the closing
hour of the San Francisco Exchange, was oversubscribed.
Proceeds go to selling stockholders.—V. 165, p. 806.
Atlas Imperial Diesel
—Sutro & Co., San
$3,655,804
3,009,102
f$816,084
in
in
Plywood Corp.
Atlas
6 Mos. End.
Gross.prof,
State, local
stock
1946
sales.
.
3i, 1946 and excludes the.
1945
1944
$1,567,068
263,808
$2,269,056
228,488
and capital
South Bend, Ind.—Files
on Feb. 3 filed a letter of notification with the SEC
shares of stock to be sold at $3 below market price to officers
or employees of company or subsidiaries.
Portion may be sold to the
Albert McGann Securities Co., Inc., South Bend, Ind. Proceeds will be
used for working capital.—V. 1G5, p. 67.
Net
company
v
-
-
vy
■'
/i The
and
shares
1 Earnings per share____
1946
2,663,998
$3.26
The
1945
1944
$034
figures
■
interest,
75,000
81,583,437
$708,050
8703,050
347,973
347,973
433,325
468,217
12,584
14,192
LIABILITIES—
(issued,
shs., no par val.t
14,161
surplus
reduction of stated value
Surplus, arising from
capital stock
8,066
payable April 1947
age benefit and unemploy. insurance taxes
tax withheld at source on dividends
Old
380
634
289
30,817
36;002
$1,551,070
Federal
$1,583,437
__
Federal taxes
income
on
Total
11,929 shares are issued to voting trustees.
"Of which
tKepresenting
value
stated
19,243
1946-1947,
instal.
2nd
taxes
County
2,934
22,117
435
payable
and
City
of
of values recorded for
stock issued therefor.—V.
excess
capital
Bangor & Aroostook RR.—Annual
assets
acquired
over
164, p. 3139.
Meeting April 15—
list will be made of its stockholders
of record—both
preferred and common—at the close of business on
March 4, 1947; transfer books will not close.
The purpose of the record is to determine the stockholders who will
be entitled to vote at the annual meeting of the company to be held
The
company
April
on
The
that
announces
a
678.
165. p.
1947.—V.
15,
Manufacturing Co., Buffalo—Files
Barcalo
With SEC
filed a letter of notification
with the SEC
company
Feb. 10
011
shares of common stock (par 38.33).
Schoellkopf, Hutton
&
Pomeroy, Inc., Buffalo, are underwriters.
Stockholders of record
Feb. 19 will be given the light to subscribe to the shares at $8.75 perfor. 33,333
share for each three shares held. Rights
Proceeds will be used for general corporate
share, in the ratio of one new
will
March
expire
10.
purposes.
Of¬
Lynchburg, Va., on
offered 2,941 shares of common stock (par $5)
per share.
Proceeds go to selling stockholder.
Industries, Inc.—Stock
Furniture
(Va.)
Bassett
fered—Scott, Horner & Mason, Inc.,
Feb.
7
$34
at
AND BUSINESS—Company was incorporated
COMPANY
Sept.
low
in Virginia,
Company is engaged in the manufacture and sale of
priced bedroom and dining room furniture. All of the
products are manufactured in plants owned and operated
1930.
4.
and
medium
company's
by it located at Bassett,
Va.
and in Martinsville, Henry County.
The
principal raw materials used by it in the manufacture of its products
lumber, veneers, finishing materials, mirrors and hardware.
Com¬
pany
purchases its materials without contracts; it purchases lumber
from mills and dealers producing or handling the quality de¬
chiefly
sired, located in Virginia, North and South Carolina and Northern
Georgia, with occasional purchases outside of this area.
Company pur¬
chases veneers and mirrors in part from sources located near its plants
Va., such sources being substantially owned
members of the Bassett and Stone families, who are
the company.
at
Bassett,
by
authorized
SUMMARY
1943
1942
$1,190,049
47,285
42,700
15,750
$1,130,176
11,889
890,000
650,000
1,400,000
800,000
1944
$318,286
$560,805
$497,340
1940
1939
3,540,514
2,761,458
2,045,222
1,500,236
$3 258,799
$2,606,027
$1,818,525
Dr61,785
Cr27,678
Cr2,409
33,159
$1,728,107
$1.01
395,338
474,406
dividend
|
surplus at end
period
dollar
S.
——
$5 30
after
Service, Los
Divs. Paid
„
$1,600,000
£00,000
700,000
700,000
600,000
*
700,000
$1,218,327
942,557
870,942
1,214,436
1,872,806
1,872,695
1,804,849
806.
-223.250
374,632
Angeles—Files With SEC—
letter of notification with the -SEC
for 600 shares
(no par) common stock, of which 300 shares will be
sold to Cloyes D. Burke, Howard S. Vandeman and George E.-Parker,
all officers, at $10 a share.
The remaining 300 shares v/ill be 'distrib¬
uted to the same three officers, in amounts of
100 shares each, in
consideration of transfer of business to the company.
company
on
Feb.
6
filed a
Beck Shoe Corp.—January
hand, $1,887,776;
marketable securi¬
$3,prepayments and deferred charges,
note payable,
installments due within
$375;000; accounts payable, $469,342; estimated Federal in¬
$2,023,885; accrued taxes, including social security taxes,
$213/908; Other accrued liabilities, $242,333; 10-year serial note payable
(2V2%) dated July 1, 1946, installments due after one year, $2,125,000;
common stock
(par $1), $4,481,215; earned surplus, $4,437,659; total,
$14,368,342.—V. 165, P- 67.
taxes,
Bach Industries Co., Inc.
Far Rockaway,
N. Y.—Files
on
&
Ohio
RR.—Places Orders for
Cars—
the construction of 4,000
50-ton
on Feb. 3. The builders
have promised to start first delivery in July, 1947, and because of the
continued coal-car shortage orders for these cars have been distributed
Proposes Recapitalization £lan—
among a
n'^her ir the builders so that deliveries of the greatest
possiblq number of cars-fcan be. obtained in the shortest ti**>e
failed ;j a special .>■«aeeijng <;cf stockholders! fop. 1 (
iThe Bethlehem. Steel Co; will construct-2,000 >of the carstoO^eriian
March 20. 1947, to consider and vote upon a.'proposed merger intovthis
Car & Foundry Co. 1,000, Pressed Steel. Car Co. 500, and th° Ralston
company of Point Breeze Manufacturing Co., a wholly-owned subsidiary
has just placed orders for
steel hopper cars, it was announced
company
issue
$2,359,350
of 74,531
These shares are offered as, a
Co., Inc.
Transfer agent,
Chemical
The Marine Midland Trust Co.,
New York.
speculation.,
New York.
Registrar,
Bank & Trust Co.,
incorporated in Delaware,
Sept. 19, 1946, for the purpose of engaging in the business of manu¬
facturing all forms of plastics and die castings.
Company has not as
yet commenced active operations, although it has obtained a lease on'
property and buildings, orders for the products it proposes to manu¬
facture, and verbal agreements from suppliers of the equipment :and
raw materials
required for manufacture.
Company also has available
the services of Roy E. Berg, an experienced and well-known figure in
the plastics and metal casting industries and certain key men expe¬
rienced in the industry, some of whom have been personally trained
by Mr. Berg.
Mr. Berg is President and sole stockholder of the com¬
HISTORY
The
Feb. 10 filed a letter of notification with the SEC
for 100 shares of capital stock (no par), to be offered at $1,000 per
share without underwriting.
Proceeds will be used for working capital.
Baltimore
was
pany,
With SEC—
The
1946
1947
$2,502,284
526.
Die Castings Co., Inc.—Stock offered
shares of common stock (par 16c)
offered Feb. 7 at $4 per share by E. F. Gillespie &
—An
SHEET, DEC. 31, 1946
year,
The company
p.
adjusted to
$1,591,508;
advances
equip¬
come
—V- 165,
Berg Plastics &
520,858; other assets, $147,860;
$110,213; total, $14,368,342.
one
Sales Up 6.1%—
Month of January—
Sales
equivalent.
.
2,663,999
yet available.—V. 165, p.
Beacon Mail
The
$4,912,065
Net Income
4
$13,844,533
13.571,931
12,244,020
12,381,161
14412,904
10.768,407
9,521,956
♦1946 figures not
$1,371,551
begin¬
period-
EARNINGS
4
1945
$1,976,563
OF
Net Sales
1946
50,697
800,000 shares
and
Year
33,933
preferred stock,
($5 par) common
has no funded debt or
consists solely of
outstanding.
capitalization
stock
$1,079,479
at
or controlled
directors and
large stockholders of
"73,482
ASSETS—Oash in banks and on
NOTE
The profits of both the 1945 and 1944 periods contain income
from renegotiable Government contracts.
The amounts of any possible
adjustments are not at this time determinable.- »
10,957
75 000
10,892
_
charges
•Capital stock
58,072
$49,950; notes and accounts receivable, less reserves,
inventories of merchandise, materials and supplies, $2,944,511;
Ion logging and lumber operations, $806,065; plant, property and
ment (less depi*eciation), $3,309,601; timberlands (less depletion),
depreciation and taxes.
1945
are
deduction of $7,248,000, representing the unamortized cost of war
emergency facilities at the termination of the amortization period 011
Sept, 30, 1945.
Provision of $2,080,000 for wartime and postwar con¬
tingencies was made in 1944.
tAfter
10,399
18,986
Total
$1,903,082
ties,
$1,509,000 $14,712,000
2,663,999
1945
$1,470,704
$1,435,793
tneti
$1,551,070
Deferred
63,733
CONSOLIDATED BALANCE
Baldwin \and Elliott engineers, Santa
$9,634,000
31
84,937
U.
J||Atlantic Refining Co. (& Subs.)—Earningsprofit
DEC.
Accounts receivable
(A. S.)
engineering details of the locomotive have been
to begin
ill Calendar Years—
tNet
$3,536 per share and
capital.
of capital.
the
share as return
1946
210,537
$4,437,659 *$2,865,868 $2,339,629
Earns, per com,
share.
$2.60
$0.94
$1.21
♦includes undistributed earnings of Canadian subsidiary,
completed, Mr. Gurley said, and construction is expected
«oon at Baldwin's plant in Eddystone, Pa.—V. 165, p. 808.
0 Common
only
per
SHEET
Obligations of the U. S. of America, at cost
$1,126,316
LIABILITIES—Ten-year serial
design
$2,464
hand
on
$1,402,046
31,096
of
$500,000.
't
of
building, equipment, etc.
in bank and
$2,258,135
c.
surplus
Earned
| Fe has been investigating the feasibility \of using the gas turbine as
& a prime mover since 1945.
The unit is expected to cost approximately
-
"dividends"
as
balance
ASSETS—
Cash
.
.
Working in cooperation with
report
the
treat
Land,
its
1943
173,518
Common
construction will mark the first attempt to build for railroad use a
gas turbine using oil for fuel.
A similar engine using coal as fuel is
being-developed by the Bituminous Coal Industry, which entails some
further problems in disposing of ash and in preparation and handling
v
should
BALANCE
' 59,850
Surplus adjust, (nettoPreferred dividend
Santa Fe Ry.—Plans New Type
Designed by -research engineers of Santa Fe, Baldwin and the Elliott
Co.
of Jeannette,
Pa., gas turbine manufacturers, the locomotive's
..
of
Total
Gurley,
of coal,,
should
1945, total dividends of $84,966 were .paid, .this
of $6 per share on the oustanding stock.
Stock¬
year
rate
tlic
a.
holders
36,002
$54,026
tax
194).
profit
ning
Locomotive Works,
.
income
30,817
$50,073
the
Dur.ng
bctog
$2,308,835
income
surplus
Earn,
President, on Feb. 5 announced that a new type
passenger locomotive, powered by a gas turbine engine using oil' as
fuel, will be built this year for the Santa Fe Railway by the Baldwin
G.
125,223
34,911
depreciation
Federal
profit
75,194
income
profits taxes
for 1,081
F.
Net
77,636
charges
income and excess
Fed.
With SEC—
Atchison, Topeka &
Locomotive—
for
96,751
Other
The
for
P: :vision
50,701
profit from sales.
"Net
Other
Gross
Go.,
Provision
105,263
65,741
taxes
security taxes
Social
Subs.)—Earnings—
(&
$2,718,806
289,667
Dec. 31—
from
SeJJ. & admin, expenses.
of the Philippine Islands subsidiaries
companies sold, prior to Dec. 31, 1946.—V. 164,
Investment
1945
$250,162
153;845
34,911
expenses
CAPITALIZATION—Company
3,039,720
2954.
Associates
1946
$269,646
revenue
Total
are
1946.
ali
at Dec.
which was
Corp.,
$28,750 from parent company.
tBefore reduction
Federal income taxes of $1,305,975 attributable to the deduction's
consolidated returns for Interest and amortization charges of former
direct and indirect parent companies reorganized in January,
: • NOTE—Above
earnings -include • operations, for full periods, of
or properties owned
operations, for the full periods,
principal
'""Atlas's
$7,536,152
3,880,347
♦including
companies
"i
Commission.
2,820,714
429,432
2,829,271
1,611,561
$1,624,632
taxes & income
Exps.,
Theater attendance remained at peak levels and the company
again enjoyed a profitable year, with earnings substantially ahead
of 1945, the former record year."
Referring to the Interstate Power Co., only remaining operating
utility property of Ogden Corp., Mr. Odium said Inter state's plan of
reorganization has now been approved by the Securities and Exchange
1,149,117
2,134,775
1,275,120
2,311,936
2,848,689
533.034
2,057,400
.1,622,331
$4,633,784
income
Gross
Total
the
pany.
$8,235,857 $7,348,860
4169,430
187,291
Operating income
income (net)
Other
Income
will be computed
at the close of
11,668,267 10,925,402
for resale
purchased
Maintenance
indicated by
but
shares of
(Earning Power Basis)
1946
1945
$30,552,666 $29,249,135
Provision for deprec.
in securities
Rad.io-Keith-OrpHtum
Subs.)—Earnings—
CONSOLIDATED INCOME
STATEMENT OF
surplus
of the year 1946, Mr. Odium said that the .income
profits resulting from security sales amounted to
that this was comparatively high as
figures for previous years.
"The large profits for 1946," he said, ^'resulted principally from
sales of stock of Bonwit Teller, Inc. and
Corp.
Both these holdings have been in Atlas Corp.'s portfolio for many .years
and the improvement in their values has been a gradual process."
In
reporting that Atlas in August, 1946, sold 400,000
R.K.O.'s common stock, Mr. Odium added:
"However, Atlas Corp. remains the largest stockholder of R.K.O.
and continues to be actively identified with the affairs of that com¬
RR.—Offers to Buy Bonds—
The Bankers Trust
Co., trustee, 16 Wall St., New York, N. Y.,
will until 3 p.m. on April 11,
1947, receive bids for the sale to it
of sufficient first and refunding mortgage 4J/2%
50-year gold bonds,
due July 1,
1961, to exhaust the sum of $10,996, at,prices not to
The amount to
approximately $36.06
earlier.
$20,000,of nearly $22,000,000, as well as unrealized
aggregating approximately $22,000,000.
showing
$20,599,242
Aroostook Valley
oxceed
yearly basis.
indicated asset value of the
review
his
In
statement
Feb. 7 filed a letter of
$20,000 of promissory notes, to be sold
operating and expansion.
on
company
capital
a
appreciation
Philadelphia—Files With SEC
notification with the SEC
at par and proceeds used
Supply Co.,
Armstrong
The
dividend by ten cents on a
told stockholders that the
the
Odium
Mr.
company's common stock as of Dec. 31, rose to
a
share, up $1.92 from approximately $34.14 a share a year
At Dec. 31 the company had an earned surplus of more than
hopper
placed orders for 14,025
San Francisco- -Annual Report
Balfour Building, Inc.,
a
increases
has
p. 806.
165,
Years Ended—
Accounts
common
than the
Concurrently with the issuance of the annual report,
annnounced that the first quarterly dividend of 40 cents
income
Dividends
President, on Feb. 13 announced that the
been placed on a quarterly basis, rather
basis heretofore in force.
Floyd B. Odium,
stock dividend had
1941,
March,
since
and
also has another 4.000
P. 8r O.
this order the
to
order,
on
of
—Asset Value Rises—
$3,346,748
937,501
12,162
____—
$3,854,183
mtge. bonds
& deductions
Interest charged to con¬
struction (Cr>
addition
In
cars
hopper cars.—V.
Quarterly and Increased
Corp.—Dividend Made
Atlas
$3,253,037
93,709
$551,871
int.
as
delivery of the
and to increase
continue.
deliveries
fPaid-in
$288,020
Interest on
Other
$14,672,317
8,295,626
7,980,594
1,615,778
1,159,635
1,081,093
1,075,709
1,001,742
1,014,342
637,489
Cr747,921
99,806
96,777
737,541
taxes
retir, res. approp.
Rent
1946—12 Mos.—1945
$573,939 $16,101,309
$1,342,207
taxes
Other
Prop,
Co.—Earnings-
1946—Month—1945
31—
period End. Dec.
except
preferred stock and
this distribution initial
the rate of about 80. per day,
Through
500.
is expected to be at
cars
as
Co.
Car
Steel
recapitalization of The
Atlantic Refining Co.
Under* the proposed
i1- interest by
Mi'^Wos.
of effecting a plan of
purpose
Monday, February 17, 1947
CHRONICLE
COMMERCIAL & FINANCIAL
THE
AND BUSINESS—Company
was
having been instrumental in its organization.
company plans to manufacture a wide variety
ucts, die castings
and wood articles. As of Jan.
of plastic prod¬
10, 1947, orders on the
32,377,300, were for combs, coat hangers, paint brush
handles,
plastic vanity sets, brush and mirror
frames, die cast
handles for vanity sets, channels for comb backs and other products.
Company plans to manufacture ether plastic items including tumblers,
picture frames, sink strainers, and specially designed containers
the candy and cosmetic trades.
The ccmpany has located its plant in the South.
books
totalling
for
to be used for the acquisition of
materials necessary for production and filling
PURPOSE—The net proceeds are
machinery, tools and raw
cf
orders
company
ments will
hand, and for
estimates that, the
on
amount to
working capital for the company; The
total cost of all its machinery require¬
approximately $178,000. In the event
that negotia-
]
Volume
tions
165
Number
4569.
'COMMERCIAL & FINANCIAL CHRONICLE
financing the purchase of such machinery, now in progress,
completed, the company expects that it will pay no more than
$59,333 out of the net proceeds from the public offering of its stock.
Earnings
such
banks
event,
the
balance
of
$118,667
financing the purchase
its
from
company
of
such
paid
mchinery,
by
to
bank
the
be
repaid by
The
or
months
the
(100 par) authorized,
outstanding.
If all of the
consists of 500,000 shares of
estimated
112,500 are presently issued
shares of common stock now
74,531
The
to
which it
may
become entitled, as provided in the underwriting
agreement, the company will have outstanding 224,531 shares.—V. 164,
Government received Feb.
the
of
from
in
a
Inch
Texas
treasury,
six
tubes,
"valid"
second
built
at
of
one
bids
effort
Co.
the lines
use
the full original
$143,127,000 cash
pipelines—a
by War
of
for
Houston.
natural
This
a
least
them—would
result
to
become
that
the
officials
"inches"—or
its, study
short
of
the
The
proposals
new
of
time."
award
for
and
However,
anti-trust
WAA
its
announce
the
promised
award
to
of
in
Justice
20-inch
wartime
oil
sister.
Both
deliveries
the
to
constructed
were
Eastern
the
seaboard.
in
E.
"a
1942-43
Holley
to
Poe
of
$123,700,000 was
Co., Houston, which
Transmission
far
gas
as
the
soft
that
as
coal
WAA
called
$108,031,660;
by
Charles
Chenery
Bulkley
of
of
ihe
this
the
an
were:
the
ends
rjBig Inch
Tennessee
lease
April
Gas
to
carry
natural
New York as
&
Oil
N.
proposed
corporation
Supreme
Maritime
would
Court,
is
former
include
and
Senator
Owen
Emory
S.
J.
for
cents
they
lacked
wise
the
line
and
the
among
$100,000
enclosed
five
offers
"earnest
dollar
a
thrown
money'"
bill
out,
cash
Month of
165,
January—
the
strike
15,
payment
1946,
year
at
who
that
not
were
to
the
at
this
plant
last
that
the
close
Boston
In
Consolidated
Gas
1%;
of
the
on
1954,
1955
—V.
of
ada
City,
the
1959
said
and
serial
(Yukon
1960,
2 y4 % ;
debentures
territory
Holder's, option.—V.
will
excepted)
165,
fall,
164,
203;
p.
164,
net
assets
quotations,
account
of
the
end
the
at
showed
of
net
a
June 30,
The
1956,
J.
T.
this
President
corporation
of
all
the
capital
6
announced
fourth
because
stock
of
Aircraft
two
J.
1952
2V4'%';
and
be
of
on
the
the
the
1%%;
maturities
maturities
redeemed
The
at
of
1961
branch
any
Royal Bank
of
balance
in
aero-seal
industrial use. Distribution
hardware jobbers.
clamp
is
with
securities
valued
financial
1946
the
at
value
Tons
report
showed
that
the
of
shares
production
of
in¬
2683.
p.
acquisition
by
Capital
Parts
—V.
163,
automobile
Noranda
Mines
Ltd.
below.—V.
164,
85,904
$336,361
4,212
260,082
expense
4,323
9,629
11,913
21,450
$35,752
$40,987
15,234
11,801
taxes
164, p. 2539.
The
directors
the
on
common
record
and
Feb.
Dec.
The
on
stock,
11.
4,
Feb.
11
The
Ry.—Earnings—
no
par
value,
Payments last
50
cents
each;
year
and
dividend
a
payable
were
Minority
March
on
The
cents
March
7
to
on
the
on
Fixed
share
per
holders
15,
of
Feb.
10'declared
ordinary
Sept.
14
quarterly dividend of $1.10 per share on the 4.40'?
cumu¬
preferred stock, par $100, was also
declared, payable March 1
record Feb. 11.—V. 165,
p. 68.
holders of
Burlington Mills Corp.—Adds Five New Directors—
Graham
pany1,
B.
Blaine,
York, and
Folger, Nolan
of
Mr.
directors
Folger,
President
of
the
of
Board
International
Mr.
of
member
now" a
John
&
Clifford
Co.,
the
Folger,
of
of
partner
Washington, D. C.,
annual
piedmont
investment
the
of
has
The
meeting
of
Manhattan
in
the
Folger,
Mortgage
Bankers
executive
Co.
From
Association
committee
of
of
the
on
Nolan
1943
Com¬
&
Co.,
is
to
Chair¬
1945
and
Commission
he
Reconstruction.
been
Vice-President
of
Bank
of
The
since
Manhattan
1932, prior to which he held the positions of
Vicerespectively, of Kidder Pea'oody Acceptance
Corp., Boston,
and International Acceptance
Bank, New York. He is director of the
General Public Service Corp., New York.
been
reduced
in
because
1946, the company paid 75 cents
1.
elected
to
the
board we re three officers cf
the company and
its subsidiaries who heretofore
have not
been
directors:
Walter E.
Greer Jr., Vice-President of
Burlington Mills Corp.; R. L. Huffines Jr.
Vice-President of Burlington Mills
Corp. of New York, and Burke m!
McConnell,
Vice-President
Directors re-elected
of
were
Burlington
Britt
Mills
point
the
earnings
reduced
the
of
was
the
stated.
must
assistance
5%
a
dividend
net
impact
from
of
in
upon
material
a
this
as
directors
follows:
J.
on
Feb.
7
elected
new
Corp.
officers
for
the
Spencer
coming
Burke
M.
Greer
Jr.,
G
E.
Earl
William S. Coulter, Vice-President and
General Counsel;
Armfield, Vice-President in charge of foreign
operations;
McConnell, R. L. Huffines Jr., F. D. Frissell
and
Gre^g
H.
L.
A.
Assistant
Jr.,
Stadler, "face-Presidents;
Vice-Presidents; Stephen
Webb
L.
Walter
Durham
New Members of Executive
Directors—
Hon.
C.
A.
Dunning,
in
place
the
were
materials
and
and
steamships
have
been
im¬
future dividend action
improvement
in
Jr.,
Orr
Assistant
Controller.
income
6,663,711
;
2,204,813
income
oper.
165,
1945
$1,399,954
523,736 *$3,190,434
653,614
*2,960,322
3,318,040
2,669,371
3,082,962
334.
p.
Chadbourn (N. C.)
Hosiery Mills, Inc.—Secondary Of- ;>;
fering—J. S. Dickson & Co., Charlotte, N. C., recently
Jr"
effected a
secondary offering of 800 shares of common ||
stock (par $1) at
$12 per share.—V. 165, p. 807.
Champay Co. of St. Louis, Mo.—Files With SEC—
The company on Feb. 5 filed a letter
for 25,000 shares of 27-cent
dividend
of
notification
with
and
par)
at
25,000 shares
(50c
P.
has
C.,
of.the
late
been
appointed to the Executive
Geoffrion, K. C., and Hon. F.
Mr. Brais is
of
Sun
President of General Theaters
Life Assurance
Co.
of
Canada,
Airways, Ltd., and a member
Insurance, Ltd.—V. 165,
of
the
p.
Life
C.,
has
been
appointed
purchase of
par)
Stocks
common.
will
be offered
assets
Shamrock Bottling Co.
of
Chesapeake & Ohio Ry.—Becomes Largest Single
in New York Central
RR.—Accepts Alle¬
ghany Corp. Tender of 250,400 Shares—
Stockholder
Central
Following
that
the
shares
RR.
with
4.9%
a
interest.
meeting of C. & O. directors Feb. 11, it was announced
had adopted the
Alleghany. Corp.'s tender of 250,406
a
road
Central
of
stock. It was also disclosed that the C. &
O, had
purchased 65,000 shares of the stock in the open market. This
the road, of which Robert R. Young is
Chairman, a total of
315,400 but ol' 3,447,413 shares of New York Central stock
outstanding.
itself
gives
A' total
of
C.
Feb.
noon
&
share
a
for
contained
were
after
to
response
offers
159
Central
immediately
O.'s
to
$100
an
aggregate
in
the
11.
invitation.
of 277,011 shares of New
envelopes which were opened
105
The
tenders
Prices
had
been
from
ranged
submitted
Trust Co.,
a
director
and Quebec
806.
Canadian
Advisory Board of Sun
share.
There
tenders,
shares
1946
vision
of
share
on
360,000
for
Federal
$563,600
for
estimated
income
to
at
$21
a
share.
■
■
,
Alleghany's tender was in the form of voting trust
certificates, is¬
by Chase National Bank of New York as trustee. The
65,000
shares which C. & O. has purchased in the
open market, at prices
ranging between $167/8 and $19 a share, are also being deposited under
this trust agreement, whifih was entered into
by C. & O. and Alleghany
on
June
14,
1945, in accordance with an order of the Interstate
Commerce
The
Commission.
total
holding of
certificates
shares—
taxes
Federal
of
and
t$357,62l
$1.94
$428,200.
taxes
State
$0.99
tAfter
and
pro¬
C.
&
O.
will
therefore
consist
for
acquired at
ing charges
of
voting trust
an
of
$18,627
It
315,400 shares of New York Central. These have been
aggregate cost, including brokerage commissions,
carry¬
and other incidental expenses, of $5,875,057—an
average
share.
per
stated
was
stock
purchased
that
held.
it
total
a
this
figure
included
and
of
the
in
the
According
made
to
309,500 shares.
amount
the
tender
it
Alleghany was all the
previous reports, Alleghany had
The
tendered
65,000 shares
by
which
difference of
to
C.
the
&
C.
O., it
&
O.
59,100
was
between
explained,
itself purchased.
Equip. Trust Certificates Authorized—
The
ICC
Feb. 5 authorized the company to assume obligation
liability in respect of not exceeding $2,300,000 lVa% serial
equip¬
certificates, to be issued by the Cleveland Trust Co., as
and
on
ment-trust
the
scld
and
99.129
at
and
accrued
The
The
certificates
dividends in connection
with
of certain equipment.
Report of the Commission States:
procurement
to
were
bid
to
specify
to
dends
based
Stuart
&
Co.
On
the
offered for sale through competitive
bidding
were also sent to
124 firms, each bidder
being
multiples of Vo of 1% per annum the rate of
be borne by the certificates. In
response thereto 7 bids
32 parties were received. The best bid, 99.129 and divi¬
on
a
rate, of V/2%
per
annum,
was made by Halsey,.
Inc., on behalf of itself and 13 associates, and has been
this basis the average annual cost of the proceeds to
invitations
representing
1945
'•'$698,523
commpn
provision
next
stock
accepted.
profit after charges and taxes
per
20,611 shares of Central stock in the other 158
the Alleghany the most favorable offer was 27
were
and
of
dividends
Carpenter Steel Co.—Earnings—
'-After
-
was that made by the Alleghany
The
250,400 shares Alleghany
$4,676,187, representing Alleghany's cost, including
canying charges at the rate of 2lh % per annum.
The Alleghany
purchases of the Central stock had been made in
December, 1946, and January, 1947. The price submitted in
Alleghany's
tender ran to eight decimal places and was
approximately $18.67 a
and
Quarter Ended Dec. 31—
Earned
.....
.
involved
required
Net
in
approximately
share.
a
only tender accepted, however,
which controls the C. & O.
trustee,
(Quebec), Ltd.,
Montreal
applicant
will
in
be
approximately 1.67%.—V.
$59,823
Upson,
Company reported net sales
31, 1946.—V. 164, p. 2828
$6,351,111
for
the
quarter
ended
165, p. 807.
Chicago & Eastern Illinois RR.—Omits Interest—
G.
A.
Stock
Central of Georgia Ry.—Plan
The
Submitted to Creditors
Interstate Commerce Commission has ordered the reorganization
plan submitted to a vote
filed with the Commission
E.
Secretary;
of
Dec.
of
participating
on or
Central Ohio Light &
creditors.
before March 28.—V.
Ballots
must
be
165, p. 806.
—V. 165, p. 680.
coupon
Mr.
Burget, Secretary and Treasurer, has notified. the New York
Exchange that no interest will be paid on April 1,
1947, on
No. 8 of the general mortgage income bonds.
Burget
sufficient
said
that
net
income
of
the
road
for
1946
was
apply to sinking fund or general mortgage bond interest.
fund appropriations
and general mortgage income bond
are contingent charges.—V,
165, p. 680.
interest
Chicago Rock
j^and
& Pacific Ry.—Plans
Issue—
The
trustees have
:
Equipment
-
asked the ICC for authority
to issue $5,850,000 of
equipment trust certificates, Series V.
/
' \
'
'
The issue would be sold under competitive
bidding with proceeds to
be applied toward a $7,803,000
equipment program.—V. 165, p. 807. '
(Reg. U. 8. Patent Office) William B. Dana
Company, Publishers, 25 Park Place, New York 8, N. Y., REctor 2-9570. Herbert D. Seibert, Editor and Publisher;
President; William D. Riggs, Business
Manager.
Published twice a week [every Thursday (general news and advertising Issue) with a statistical Issue on
offices
135 S. La Salle St..
Monday].
Other
Chicago 3, HI. (Telephone: State 0613); 1
Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright 1947 by William B. Dana Company. Reentered
as second-class matter
February 25. 1942, at the post office at New York. N.
Y., under the Act of March 3, 1879. Subscriptions in United States and Possessions, $35.00 per year; in Dominion of
$36.50 per year; South and
Central America, Spain, Mexico and
Cuba, $38.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa, $42.00
note* On account of thp
per year
fluctuations in the rates of
exchange remittance#1 for foreign subscriDtlons and advertisements must be made in New York funds.
'
V
not
to
Sinking
Power Co.—Bonds Placed Pri¬
vately—The company in January placed privately $4,100,000 first mortgage 2%% bonds, series B, dated Feb. 1,
1947, due Feb. 1, 1977. Proceeds will be used to redeem
the series A %Vz% bonds called for
payment Feb. 20.
,
J,
$5.50. ptif- unit,, consisting, of one share of preferred and one share?-'Underwriter, White &> Co., St. Louis. Proceeds will be used
for
was
Aime
K
of common.
The Commercial and Financial
Chronicle
William Dana Selbert,
^
the SEC
participating cumulative preferred
($1
railway
Committee and of Board
Philippe, Brais, C. B. E., K. C., LL.D., M. L.
a
director, succeeding the late Mr. Geoffrion.
and
Wilkins, Assestant Secretary and Assistant
Treasurer; Douglas
and Marion
Smith, Assistant Secretaries; W. H.
Burroughs,
Ervin A. Schutz and C. M.
Vanstory Jr., Assistant Treasurers; C. E.
Rowe, Controller General; R. N. Stokes,
Controller, and M. E. Manuel
M.
ry.
Central
Committee
year
Gen¬
eral Manager;
M.
Earnings—
"
applicable to prior years.
Love, President and Treasurer; William
Klop¬
man, Senior Vice-President; J. C. Cowan
Jr., Vice-President and
Britt
16,813,780
5,190,600
69.
railway
railway
"Deficit.—V.
increases
wage
of
in
also
revenues
large
1946
on
steamships.
ocean
cost
further
5%
increase
would
year
The directors added that
depend
of
investments
the
for
that
from
but
1946, and because of increases
Without
out
payment
considerable
a
M.
Armfield, Dumont Bunker, William
S. Coulter, J. C.
Cowan, Jr., Eugene Holt, D. Edward
Hudgins,' William
Klopman, James Lee Love, J. Spencer Love and Marvin B.
Smith.
The
62,974,869
sued
to
by
of
cents
(75
in respect of and out
Canadian funds on March
dividend
sharply
3%
of
advisable
and
of
31
In
Oct.
dividend
stock,
in
President,
Also
Net
George A. Walker, K. C., Vice-President, has been appointed to the
Executive Committee of the Board,
succeeding D. C. Coleman, who will
continue as a director.
is
for
1947.
on
it
final
a
capital
payable
revenues.
6.
and
America
the
to
Feb.
have
in
payment
possible, it
necessarily
of
securities
elected
were
stockholders
Knoxville, Tenn.,
Economic
Blairne
Company
at
Bank
in addition to his duties with
the Cumberland Trust Co.,
President
was
Vice-Piesident of
New
firm ,of
board
man
the
deemed
investments
charges
supplies.
usual
lative
to
from
established
cents
50
$5,311,000
Ordinary Dividend—
3%, making a total
is made possible only
substantially
of
and
30
directors
income
$1.
Dec.
June
60,796,386
13,963,536
4,496,492
1946
oper.
Net from
Corp.,
1946
$4,854,000
75-Cent
directors
share)
dividend
50
follows:
as
27,
of
55,546,969
9,097,863
145,349
*353,528
from
offered
1947
for the year 1946,
to holders of record Feb.
24,
Co.—Declares Dividends—
declared
ry.
$18.67
earnings
operations,
Brooklyn Borough Gas
♦473,766
Efoni January 1—
York
profit
expenditure
Traffic
2827.
p.
*756,308
$4,754,866
following is taken from the "Wall Street Journal" of Feb. 12:
Chesapeake & Ohio Ry. is now the largest single stockholder in the
253,860
general
and
per
See
Net
Gross
1945
80,585
$308,482
*
.earnings
Substantial
Interest in New Canadian
Company—
from
The
and
supply
Bridgeport Brass Co.—To Have
280,196
*3,917)022
,
p.
railway
railway
New. York
2,634
Canadian Pacific
1560.
p.
*3,835,364
*532,344
.
President of Aircraft Standard
as
165,
from
Net
Ltd.—Earnings—
1946
(gross)
and
for
Operating
mill
1943
*$4,763,877
Central RR. of Pennsylvania
Gross
securities
outstanding shares
amounting to 72.9%.—V. 164,
milled:.
ore
Metal
1,771,159 000
Standard
for
automotive,
"Deficit.—V.
1944
$3,696,827
3;759,914
income—
oper.
1945
I
41,896,469
railway
railway
from
ry.
surplus
of
quarter,
Declares
Philip M. Stephenson will continue
Parts.—V.
offered
was
$1,014,493
'
market
The
to $11,862,364.
profits realized on sales
Period Ended Feb. 7—
through
v
: ■<
and
Can¬
Canada, at
amounted
of
Marketing charges
Operating costs
Forces.
the
Net
of
Fund, Ltd.—Assets, etc.—
company,
1946
Canadian Malartic Gold Mines
Inc., of Rockford, 111., patentee and manufacturer of
the aeroclamp. The aero-seal clamp was a wartime
development and the
entire
output during the war was delivered to the
Army and Navy
Air
war,
$1,873,174
$2,705^833
*126,619
2,129,616
from
R.
on
1953,
$1,516,100
501,605
back
seal-
the
$143,752
111,047
731'
The
$4,076,039
Co.,
After
$2,374,780
501,606
December—
and
on
railway
railway
ry. oper.-income—
From January 1—
quarters
2,520,318.
Cpmbined appreciation and dividends
per share from inception of the
company in December 1932 to the end of 1946 amounted to
157.8%,
total dividends paid
amounting to 84.9% and appreciation in the net
other¬
1946
the
to
almost
are
six months of the year.
This was
by increases of 25,720 in the third quarter and 53,194 in the
total
outstanding shares at the end of 1946 being
followed
Administrative
Feb.
o
$185,554
41,801
1946
from
Net
1715.
Corporations, Inc.—Acquisition—
Mascuch,
41,801
stock
613,884
.
69.
p.
from
Gross
entirely
declined by 115,735 during the first
"full
Provision
Breeze
Net
common
is
amoijhtirtg to $963,248, and the aggregate quoted market value
vestments .exceeded their average cost by $1,844,814.
3139.
p.
com¬
1946
1.825,404,000
V.
B
time
according
p.
of
CrB03
$207,473
pfd.
on
165,
Gross
stock
68.
p.
Canadian Investment
Total
J.
asset
1947
January
165,
class
operations
maturities
and
Cr87
/- * 1 v
ordin¬
A
1% ;
1951,
9,169
Cr 513
Balance
on
Breweries, Ltd.—Calls Serial Debentures—
of
1958,
Co.—January Output—
Cubic Feet—
cents
class
down, the last
profitable.—V.
26,259
$2,241,763
Central RR. of New
Jersey-
15
common
the
on
added
due
764
December—
time
March
25
B
and
Quarter Ended Dec. 31—
Month
of
on
dividends
the
562,959
$2,946,106
.
3%.
The
former
1947
but
maturities
1957,
334.
p.
the
1962,
or
$5,659,729
•—V.
of
now,
carry
Stores, Inc.—January Sales Up 38.9%—
Sales
last
these
on
Vice-President,
maturities
headed
either
advance
The
46,913
expense—
income
Net
action
the
on
Chairman
for
about
or
this
at
company has called fdr redemption on March
15, next, all of
outstanding serial debentures dated July 1,
1943, at par and in¬
plus premiums as follows: On the maturities of
1947, 1948
and
1949, V2 of 1% ; on the maturities of 1950, 34 of
failed, in WAA's judgment, to meet the particulars required.
Bond
->
smaller
was
on
$258,639
46,913
discount,
deductions
Dividends
The
Commission.
the
This
payable
action
no
quarterly dividend
1946 on the class
15,
Dec.
on
take
$296,438
$249,274
and
300,000
1,278,311
j 1,727,400 x- 2,252,000
$8,440,314
15.
take
past
The
Dec.
to
400,000
fl,223,179
Xj
$7,155,401
1,284,913
1
long-term debt
prem.
1946
25,000
256,767
taxes
income
on
Net
terest,
&
Robert
former
company's
the
bidder, who failed to win the pipelines on a $127,500,000 offer
last July,
submitted a $1 bid.
This came
from
J.
W,
Crotty and
associates of Dallas, Tex. They offered 60 cents for
the Big Inch and
amount."
to
usually
omitted.
made
was
Sept.
on
decided
stock.
been
stock
7
dividend
common
Canadian
One
40
Feb.
on
normal
offers
Roberts,
Land,
Gross
Intei'.
Amort, of debt
the
33,700
278,751
—
taxes
income
—V.
to
New
Y.
is
group
of
$10,011,945
about
during
to
other
Corp.,
The
gas.
out
105,000
acqui¬
adjustments
Federal
1947
Bradfield,
of
President, and Christopher T.
Big Inch Natural Gas Transmission Co.,
$121,000,000;
both
lines to
carry
natural
gas.
Directors
A
reflection
a
insure
granted
The
30.
sition
plant
; ;
1946—12 Mos.—1945
$13,539,722 $13,011,782
629,597.
5,983,037
5,697,707
103,500 X 1,260,000
1,242,000
630,205
of
General
68.
p.
334.
quarterly
Failure
ap¬
Gas
operating the lines
emergency
165,
come
expenses 222-
depreciation..
for
Amort,
redemption all bf it outstanding
14,095
April 1, 1947, at par and dividends
sales
payable
stock
Chairman.
C.,
Ohio.
of
justice
of
D.
under
by
is
now
arrangement
lines
Smith
board
as
This
valid
both
H.
Washington,
President
Pittsburgh
strike.
entered
share.—V.
$8,656,939
previously
mon
very
of
Operating
preferred dividends! is
165, p. 527.
1946—Month—1945
$1,344,096
$1,273,503
revenue
Frov.
for
and
on
share.
a
stated.—V.
directors
arily
President, and George R. Brown of Houston is board Chairman
of Texas Eastern, a new
corporation formed last month. The company,
offering to pay cash, said it expected to raise most of its ultimate
$182,000,000 capitalization from the sale of securities underwritten
by
Dillon, Reed & Co., New York investment bankers.
offer
profit
for taxes
1,355,006
p'.
class
had
is
An
common
sales.
165,
the
on
reasons.
lines
per
sales
The
speed
must
Gross
three
the first quarter of the
company's 1947
$55,962,000 and consolidated net
of
Department
Central Illinois Light
Co.—Earnings--
per
the
Canada Wire & Cable Co.,
Ltd.—Omits Dividend—
at
conduits,
$135,000,000.
as
for
1946,
redemption operation will
was
Combined
—V.
high bid offered $77,002,326 for the 24-inch tube and $66,124,674
its
York
high
as
the
period
prove
for
ran
sales
Month of January—
despite opposition from
oil, coal and railroad interests. The exception was a $121,000,000 offer
by -Claude A. Williams and Associates of Austin, Tex., to run
gas
thfough the big inch and petroleum through the smaller line. How¬
ever,
the same group made a higher bid, $131,000,000, for the
right,
to-send gas through both lines.
The highest cash offer last July was $85,000,000 but other
condi¬
offers
net
movement
gas
Assets Administration
assure
gas
the
it
Wholesale
Retail
offer
a
seemed
consolidated
Other
"fair" price for the Texas-to-New York
cost of $145,800,000. Five bids were ruled out. All
acceptable offers called for the movement of
gas
the
of
to
get
The
one
Inch
Transmission
opened
to
exclusively.
tional
$1.75
$1.75
Butler Brothers, Chicago-January Sales Higher—
offer of nearly
10 an
Little
and
Eastern
proposing
company
their
but
Big
the
topped
at
Funds for
by
28,
at
Period End. Dec. 31—
that
company has called for
cf 6 %
preferred stock
shares
"Big" and "Little" Inch Pipe Lines- -Bids AcceptedAward Promised Soon—
-The
Dec.
amounting to $1.50
2403.
bid
announced
Estimated
Bush Terminal Co.—6% Pfd. Stock
Called—
are sold, the company will have
outstanding a total of 187,031
shares. If the Underwriter purchases all of the
37,500 _additional sharea
cost
ended
Quarter
year, amounted to
three months, after provision
the
com¬
of which
offered
p.
company
fiscal
stock,
and
be
earnings.
CAPITALIZATION—Capitalization
mon
will
for
First
Common Share—
are
In
935
for
V
*
,
-
;
vlil
Monday, February 17, 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &>
'4.«.» j
Chicago & Southern
663
Iae<--A<Ms to.ServMB
Air Ii|n«&
Civil
corporation ihas received approval from the
deronautlcB
add-Montegc Bay, Jamaica to Its rapidly expanding Carib¬
company was one of three scheduled carriers to
The
Board
scheduled service.
Chicago
New Or¬
Kingston, Jamaica.—V. 165, p. 680.
when Chicago and
season
Southern begins regularly
the Bay will become an intermediate stop on
rceently approved international route bteween
time,
that
Southern's
&
and
leans, Havana
York—Voting Time Extended—
H Federal Judge Edward A. Conger in the United States District
Court for the Southern District of New York on Feb. 11 issued an
order extending to Feb. 24 the deadline for stockholder balloting on
the amended plan of reorganization. Tabulation of the ballots received
up to 3 pm. Feb.
11 revealed that holders of the preferred shares
are'overwhelmingly in favor of the plan, while holders of the common
are
536.
165, p.
opposed to it.—V.
Drug Co.—Files With SEC
V' The company on Feb. 3 filed a letter of notification with
the SEC
for 24,000 shares ($10 par) common stock to be offered at $12.50 a
share without underwriting.
Proceeds will be used for reduction or
retirement of bank loans and for additional working capital.
President of
-Cromwell,
been elected
William Iselin & Co., Inc., have
'directors.
4
Ralph H. Bollard, who retired from Dillon,
Read & Co.
Inc on Dec. 31, 1946, and Mr. Cromwell succeeds Lincoln
Cromwell, of William Ise'in & Co., Inc., both vacancies being created
by resignations.
*
>
William Iselin & Co., Inc., is a wholly-owned subsidiary of C.I.T.
Financial Corp., engaged in the general factoring business—V. 165,
p. 204.
H
Idaho Falls, <|(laho
Clarke-Black Mines & Metals, Inc.,
—Files With SEC—
,{;
Feb. 3 filed a letter of notification
for 250,000 shares ($1 par) capital stock, to be offered
underwriting.
Proceeds will be used for development
\l- The
on
company
with the SEC
at par without
and operation
purposes,
tp
Ltd.—Production—
Colon Development Co.,
company
Sales Increased 31.38%
1947
1946
$11,776,577 $8,964,024
Ended Jan. 25—
p-l Four Weeks
Sales
—V.
-
_
165,
p.
335.
Colorado Milling & Elevator
INCOME STATEMENT
Gross
Other
Co. (& Subs.)—Earnings
MONTHS ENDED NOV. 30,
12
sales, less returns, discts., allowances,
operating income, (storage,, grinding,
Wall
16
Co.,
Trust
Bankers
The
March
before
—V.
165,
31,
St.,
Consolidated Steel Corp.—To
New York,
N.
Y., is now
companies,
The
439
dar
shares, after taxes and expenses of liquidation have been
the company's proxy statement says. This will include the esti¬
net profit on work in process until the closing day, March 31.
The estimated share distribution is based on the assumption 'hat
The
available for the shareholders.
This has been
evaluation of net worth at $13,513,080 on Aug. 31,
an
will
expected profit of $3,226,275 from the sale of assets after tax
and liquidation cost; estimated profit of $1,237,530 in the period from
Sept. 1, 1946, to March 31. 1947, and expected gains of a non-recurrent
nature amounting to $936,000.
If the sale to Columbia is approved at the March 3 meeting, the
of
in
number
to
from 15 to 5
Liquidating Corp.
Consolidated
directors,
company
be
—V.
day after
will ask
reduction
and change of company's name
Consolidated Vultee Aircraft
used
■
,.n
.
38,419
Income
$5,465,786
204,250
2,427,399
deductions
Federal
taxes on
State taxes
-j
Net
incopie
on
135,847
•
income
Provision
■'<
income
$2,698,290
500,000
j.
for
contingencies
Net income for 12 months ended
—V. 165, p. 807.
Nov.
is
fi
Brothers,
Angeles
past
over
deduction
as
respect
be
to
1946
of
All
9,502,012
depreciation
exclusive ol
sales,
Grcss
Other
income
ii.l
deoreciatioil-1—
for
taxes Oh
for Federal
Fed.
—V.
1667.
(Phila.)—Distribution—
paid;on Aug. 15, last and 21.76 cents on Feb. 15, 1946.
//Feb. 15; 1945, a distribution of 20.6858 cents per trust share was
followed
on
Aug.
15
were
as
by
a
payment
follows:
Feb.
17.714
of
15,
25.221
cents
cents;
ana;5|ug. 15, 16.686 cents,—V. 164, p. 824.
exC.
net
164.
output of the Commonwealth Edison
excluding sales to other electric utilities, for the
showed
a
22.8%
increase
over
the
group
week
corresponding
capital
J.
centage
•ffwM
comparisons with
Feb./" 8—
25
8,978,131
924,617
$8,76,013
?5l,023
279,177
Crll4,000
$613,275
dividends from subsidiaries of $269,351
217,730,000
Commonwealth
j
per¬
% Inc
182,910,000
184,169,000
22.8
18.5
185,987,000
&
Southern
194,567,000
ration
«n
SEC
The
on
company
shares
1,000
without
to retire a
acquisition
of
of
Will
Weekly Output Up 28.33%— V
weekly kiowatf :hour ^utpufc:ol/^
The
of >thls
territory servedior the
Co.
on
June 30, 1947,
on
their
Co.
surrender
the
of
and
of
before June 30
or
rata
pro
it
to
void
become
mechanical
sales
it
for
the
six
the
for
months
six
$1.59
to
per
With SEC—
President,
states
months
Feb.
on
no
1947
in
The
Net
Net
and
of
City;
Automatic
Inc.—SEC
to
Investigate
Related
Exchange
Commission
announced Jan. 30 that
an
$230,000
of
the
year
tax
$149,673
25,559
$271,582
76,673
$1.59
95,289
186,213
Etching Co.
a wholly owned subsidiary.
Because of the change in the
comparative figures for the 1945 periods are omitted.
figures
$523,883;
refund
due,
(less
$3,479;
DEC. 31
securities,
trade
current
$13,818;
excess-
accounts and notes
reserve),
total,
balance sheet includes the assets and liabilities'
America, a wholly owned subsidiary.—V. 163, p. 900.
The foregoing
jIOTE
of Etching
Dome
Bullion
Co. of
Ltd.—Earnings—
Mines,
1946
outstanding.—V. 165,
Tntal
Net oner
681.
Reserve
—
...
for~depre"c"._-'--
Provincial and inc. taxes
Outside
elected President and Horace O. Jones as
Vice-President of Victor Animatograph Corp., » division of CurtissWright Corp., it was announced on .Feb. ,3 by G..W.* vVaqghan, President
expl.
write-off.
T
Net hrofit
.Eamihg®
of
:
:"
-V.
per
for
2943
$5,177,495
$5,772,521
2,455,889
2,225,541
2,172,990
$2,431,374
$2,951,954
$3,599,531
632,444
profit
'revenue
1944
$4,887,263
3.006,143
$2,442,793
maint. exps._
1945
$5,448,935
production
Oper. and
Privately—The company has sold privately
Rose has been
SHEET,
BALANCE
marketable
$6,320,009.
payable to banks, $450,000; accounts and divi¬
$751,319; accrued taxes other than Federal taxes on
income
$59,052; Federal taxes on income (estimated), $282,720; 15year 4%
sinking fund debentures due May 1, 1959, $860,000; capital
stock outstanding, $1,703,957; capital surplus, $586,922; earned sur¬
plus
$1884,700; less cost of investment in subsidiary in excess of
underlying assets, Dr$258,661; total, $6,320,009.
proceeds.
p.
include the accounts of
payable,
Non-oper.
G.
$553,084
LIABILITIES—Notes
dends
$75,000 5-year 5% debenture note at par. Proceeds will
be used for the purchase or exchange of $75,000 pre¬
•Samuel
$530,891
22,193
$307,248
53,112
104,463
(est.)
for—
foregoing
prior
now
6 Mos.
$5,091,740
11,132
share
per
America,
$83,684;
Industries, Inc., and Dorbank Corp., both of Massapetitions for a reorganization under Chapter 8 of
Act. The companies, which manufacture and dis¬
bankruptcy petition, according to the Commission, alleges that
management of the company "improperly conducted" its
business, operated it inefficiently and at a loss, and that the com¬
pany now has no available cash to operate.—V. 163, p. 3281.
the
1945.
$838,855; inventories (less reserve for price
decline and slow-moving product), $2,540,732; trade accounts receiv¬
able
(non-current), $47,500; sinking fund, $303; traveling advances,
employees' accounts, etc., $5,478; property, plant and equipment (after
reserve
for depreciation of, $1,791,656), $2,262,277; deferred charges,
June,
received
$5,091,740
$0.88
income
on
profit
provided
receivable
phonograph records, claimed assets of $725,000 and listed
of $642,000.
the SEC stated, Cosmo under a claimed exemption from
the
registration provisions of the Securities Act sold about 69,000
shares of its common stock to the public through underwriters and
Last
of
$296,116
ASSETS—Cash,
I.—filed
L.
Bankruptcy
to
3,684,235
751,993
124,621
and credits
taxes
profit
fiscal
Judge Robert A. Inch in Brooklyn for
independent trustee for the company and its
three subsidiaries.
'
Cosmo and the subsidiaries—Cosmopolitan Records, Inc., New York
of
period
T>
1946
31,
outstanding
2,108,595
412,956
62,311
administrative expense
depreciation
NOTE—The
before Federal
apply
appointment
Dec.
the
3 Mos.
$2,879,978
deductions
profits
Securities
would
the
on
(CORP. & SUBSIDIARY)
for
Dividends
Failures—
it
ended
report
the
1946—
CONSOLIDATED
Records,
always
6
development.
Cosmo
not
amounted
corresponding
sold
products
Federal
filed a letter of notification with the SEC
for 500,000 shares (10c par) common stock, to be offered at 50 cents
a share.
Of the total, 395,000 shares will be .sold directly to the public
and
105,000 shares will be sold to L. D. Sherman & Co.; Birnbaum
& Co., and George A. Rogers, all of New York; and Jackson & Smith,
Gastoni?,, N. C., who will reoffer them to the public at prices to be
supplied by a supplemental letter.
Proceeds will be used for mining
company
is
share
Operating profit
Curtiss-Wright Corp.—President of Unit Elected—
$$ ^bsi&aitea y
the
for
equal
$3,488,574
Jr.,
Other income
a
807).
reasons
Total
week ended Feb, 8, -l947,/a3nountod to 296.112,^ ■P.company.-—V. 163, p.53tJ^'4- if
will
receipts
Coach
Twin
upon
etc.
Crowley's Milk Co., Inc., Binghamton, N. Y.—Deben¬
Be
corporation -adjusted' to* show* general'husinesa conditions1
of
Other
tures Sold
p.
to
reports
Net
with
Selling and
Feb. 6 filed a letter of notification with the SEC
preferred stock (par $100), to be offered at par
Proceeds will be used for construction and
facilities,
new
ferred stock
165,
fractional
$271,582,
Otis,
Provision
Copper Canyon Mining Co., N. Y.—Files
the amended plan of the corpo¬
portion of its $6 cumulative preferred sotck through
offer of portfolio securities. (See V.
dividends
sales
Cost
underwriting.
will consider on March 4
exchange
the
rnlpndar Years—
Heard March 4—
The
together with the
prior to said sale
it
Coach
Twin
the
from
and
CONSOLIDATED INCOME ACCOUNT
Cooperative P & C Family Foods Inc., Ithaca, N. Y.—
11 9
Corp.—Plan
receive
Period Ended Dec. 31,
17 4
A
'—V.-165, p. 536/
by
$345,814
Files With SEC—
for
of
stock.
E.
and gain on sales
164, p. 2542.
The
218,314,000
Jam, 18
year
and
1945
224,621,000
218,309,000
—
8*
Feb
last
year:
1946
.Feb^ 1--—
Jan.
last
Ended—
proceeds of such sale
taxes),
received
that because of the
change in the corporation's fiscal year from Oct. 31 to June 30
exact comparisons with
1945 results cannot be made but the profit
was approximately 53
cents per share for the same six months' period.
Mr. Otis reports that the backlog of unfilled orders at Dec. 31, 1946
amounted to $7,200,335,
largest in the corporation's history, against
$5,333,037 on June 30, 1946.
Incoming orders, despite some decline,
exceeded shipments for the December quarter, Mr. Otis said.
Mr.
Otis states
that
the. corporation found it
necessary to make
modest price increases on sorqe of its products due to increased costs
of materials and parts but, he added:
"Our policy will be to -hold
price increases to the very minimum, thus doing our part to hold
down inflationary prices."
The corporation's
Dec. 31 balance sheet shows current assets of
$3,920,767 and current liabilities of $1,543,090,
tribute
ended
week
transfer
receipts, until the close of business
to
corporation
compared
liabilities
of companies
/FoMing are the kwh. output totals of the past four weeks
and
1868.
p.
profit
Net
the
^Commonwealth Edison Co.—Weekly Output—
Electricity
shares
all
to arrange companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
profs, tax under the carry¬
capital assets of $67,500.—V.
pequa,
iV-.
v?
sold
possible
$884,237
Org,224
/
140,000' '
income
Net
or at the option of the holder, at The First
Chicago,, 111., the bearers of said coupons will be paid
was
has
order.
342,244
996,528
income
provision of the Internal Revenue Code
-Including
of
or after Feb. 15, 1947, of the coupons then
the certificates for trust shares (of Standard
the agreement and declaration of trust,dated
office of the Fidelity-Philadelphia Trust Co.,
In 1944, dividends
Detroit
of
Dodge Manufacturing Corp.—Financial Report—
$853,843
214,568
(net)
income,
back
the amount, sqf. 25.104 cents per trust share, due as a semi-annual
distribution of said trust shares.
This compares with 18.038 cents
pet Share.
$6,815,534
$6,762,213
sold.
so
proceeds
receipts.
rights under
The
$534,284
'■'319,560
profit
Total
Atr,ilst$8, Philadelphia, Pa.,
made-which
shares
value if not surrendered
$11,032,824 $10,786,985
of
Selling, administrative and general expenses—
vJ Columbia Steel Co.—Proposed Acquisition—
v
Bank
dividends
all
said
fractional
1945
357,545
subsidiaries
foreign
Total
Cost
The
National Bank,
SEC
1947—6 Mos —1946
.$769,577
Cbach Co. the net cash
expenses
of
the
entitled
portion
customers, less returns, allowances, etc. $10,675,279 $10,444,740
to
| quarter ended March 31, $3,956,000.—V. 164, p. 3288.
'
National
Twin
of
Holders of said
will
.v
.
■it
the
with
Vice-President and for
165, p. 808.
Calendar Years—
Sales
Refund of
$1,000,000 yearly. The notes at 2V4% will mature on Nov. 30, 1951.
|A commitment fee of l/24th of 1% will be charged on any unused
: portion of the credit.
The new fund was used to repay $4,800,000 of bank loans.
/ • On Dec. 20 the corporation entered into a new employment agree¬
ment with Jack Cohn, as Executive Vice-President, for a period of
: seven
years, beginning Jan.
l, at a weekly salary of $2,500 and a
general expense allowance of $300 a week. The corporation also re¬
veals that consolidated gross income for the quarter ended Dec.
28
was
$5,670,000; quarter ended Sept. 28, $5,574,000;
quarter ended
June 30,
$9,428,000. Gross income of foreign
subsidiaries for the
•;quarter ended Sept. 30, $4,295,000; quarter ended June 30, $4,069,000;
/; Upon presentation on
payable appertaining to
Oil Group) issued under
March! 25, 1929, at the
said
of
(Including Wholly-Owned Domestic Subsidiary Companies)
In January the corporation borrowed $6,000,000 under a loan agree¬
1, with three banks providing for maximum loans of
available to Nov. 30, 1947, and decreasing thereafter by
Combined Trust Shares
to
in
$10,000,000
p.
1947—Month—1946
that
amount
Continental-JDiamond Fibre Co.—Earnings—
ment dated Dec.
Consolidated Steel Co. below.—V. 126,
notification
common
Rosenberg, West Coast representative
connected with the Bank of America
been
has
the last 20 years, first as
Executive Vice-President.—V.
for
year
Provision
,
Columbia Pictures Corp.—Borrows From Bank—
/V'See
letter of
a
Corp.—January Sales—
31—
announced
Rosenberg has been elected a director of the Consolidated
Corp., it was announced on Feb. 4, by Irving B. Bab-
Lehman
Los
Provision
#
fi'.ed
31,
Aircraft
of
$2,188,290
30, 1946
3
r/
Joseph H.
Vultee
$5,427,367
income
Seattle,
Inc.,
development of mining properties.
(after
E. Gross,
feasible."
07.57.3,511
2,469 840
income
Gross
for
aggregate
signed by Harry Woodhead, President of Consolidated,
President of Lockhead, said that; "sj^ort^^|ter
the plan was first explored, Justice officials raised certain pbjactinns;'
and while these objections were being considered a substantial' stocks
market decline took place. As a result a merger was considered-Un¬
Sales
t
Co.,
stock of this corporation
which remained on hand
1946, as depositary under the fractional stock receipt agree¬
ment
between the Bank and Twin Coach Co. for exchange foF"and
conversion
of all
said
fractional receipts then
outstanding and has
The statement,
Robert
Exploration
$722,256
the
Dec.
the two companies
6.
808.
Divco Corp.—Fractional Stock Receipts Void June 30
Corp.—Merger Off—
stock-market conditions, officials of
Feb.
announced on
$182,-
165, p. 206.
It
of
Negotiations for the merger of this corporation and Lockhead Air¬
craft Corp. have been discontinued because of Department of Justice
objections and
Feb.
on
Period End. Jan
the
for
165, p.
Sale3
fiscal year ended Aug. 31, 1946, amounted to
'$6,469,890, or $13.10 a share on the 483,234 shares outstanding after
the 2-for-l stock split last October.—V. 164, p. 3288.
profit
railway operating income of
in last Monday's "Chronicle").
This
the preceding year and $65,267 in the calen¬
Metals
&
Diana Stores
to adjourn the meeting until April 1, the
the closing date of the sale.
At the adjourned meeting it
stockholders for approval of dissolution oi the corporation,
proposes
1944.—See V.
year
net
a
reported
as
42,100 shares
(20c par) common and 210,500 shares ($1 par)
preferred stock, to be offered at $5.20 per unit consisting of five shares
of preferred and one share of common, without
underwriting
Proceeds
1946;
the
Net;'operating profit (after chgs. of $240,345 for deprec.)
,i
and
for
be
will
$18,912,885
1946 had
deficit
a
Diamonds
483,234
in
—
Maryland
of
which would use the funds
the current year.—V. 164.
Wash.—Files With SEC—
paid,
computed from
in
company
(not
NOTE—For
$74,970,718
transit freight savings
On outward shipments; credits for flour and bean subii' -sidies, and net debit from hedging transactions in com,'i$ modity futures)
,
:
I Selling, general and administrative expenses, etc
Co.
Service
Public
New Director Elected—
& freight out_. $74,2'6.442
etc.)—;
c4-:,276
Total
Shore
compared with $82,830 in
mated
1946
Co$t'of goods sold (inch freight, less
t Other
Eastern
Detroit & Mackinac By.—Shows Profit for 1946—
Vote on Sale—Plans to
cock, Chairman of the board. Mr.
M
the
2403.
p.
corporation has called a meeting of stockholders for March 3
to vote on
a
proposal to sell its business and fixed assets to the
Columbia Steel Co., a subsidiary of the United States Steel Corp.
If the proposal is approved and the company and its subsidiaries
are
dissolved it is estimated the net amount available for eventual
distribution to stockholders will be approximately $39.14 a share on
and
$3.91
164, p. 2542.
Eastern Shore Public Service Co. of Virginia,
thus received for capital expenditures during
for exchange on or
1947 coupon attached.
The
Net
$510,704
$8.26
808.
p.
company
Dec. 29, "45
$943,525
tive bidding.
The proceeds from sale of the new preferred, which will
be in addition to the presently outstanding 40,000 shares of ($100 par)
cumulative, 4% preferred stock, would be used for capital expenditure®
and
to purchase additional securities of its wholly-owned subsidiary
Dissolve—
the
Dec. 28, '46
Dec. 28, '46, Dec. 29, '45
Delaware Power & Light Co.—Plans Sale of Stock—
Power Co. of Bal.—
Temporary bonds presented
1947 must have the April 1,
bonds.
temporary
Ended
The company filed with the SEC Feb. 11, a proposal to issue and
sell 50,000 shares of ($100 par) cumulative preferred stock at competi¬
808.
p.
prepared to deliver definitive series R 2%% first refunding mortgage
sinking fund bonds due April 1, 1981 in exchange for outstanding
announces
ended Feb.
Colonial Stores, Inc.—Current
165,
—V.
turned
that its production for the five weeks
3, 1947 amounted to 436,916 barrels, which compares w:th
361,972 barrels for the four weeks ended Dec. 30, 1946 and 461,991
barrels for the five weeks ended Dec. 2, 1946.—V. 165, p. 205.
The
Of 9.5%.—V.
-Year
and taxes—
$230,371
$113,271
per sh. on 100,240 common shs.
Earns,
and
amounted to 215,000,000
Consolidated Gas, Electric Light &
succeeds
McCain
Mr.
announced that System
12
generated
landed
J.|2i
all
after
income
1
charges
Definitive Bonds Ready—
Cincinnati (Ohio) Economy
\ C. I. T. Financial Corp.—Two New Directors—
I/Charles S. McCain, President of Dillon, Read & Co., Inc., and Jarvis
Feb.
on
(electricity
1947,
9,
crease
Chads Co., New
stock
company
tricity
Feb.
'
Period—,
Net
output of elec¬
purchased) for the week ended
kwh,, compared with 191,200,000
kwh. for the corresponding week of 1946, an increase of 12.4%.
Local
distribution
of
electricity amounted
to 206,700,000 kwh., compared
with 188,700,000 kwh. for the corresponding week of last year, an in¬
The
apply for the route. Popular in the past as a winter haven for vaca¬
tionists from the British Isles, Montego Bay will become accessib e to
visitors from the United States with the advent of the 1947-48 winter
At
/1
Inc.—Output—
Consolidated Edison Co. of New York,
to
routes/The
bean
vV
1
Inc.—Earnings—
Cushman's Sons,
week in 1946,
compared with 230,742,611 for.the corresponding
65,370,052, or 28.33%.—V. 165, p. 807.
as
increase of
an
750,777
936,226
771,540
$3,075,236
$3,182,151
$3,888,180
$4,371,071.
111,467
1,177,246
36,736
45,165
26,968
83,954
771,000
207,313
799,299
56,321
928,399
54,740
year..' ,$2,051,759
$2,299,564
$2,821,088 $3,045,622
-••*1^-^1.5*-
Ahare,,-.
164,^2543.,;
v*
-
'
..
IS
Volume
.165...Number,.4?69
•v-"«r'»r v/rrmtw ktm w* W9$<
<1^;oi-
.
.■
tm ■"- "fu.um'
Dow Chemical
Co.—Earnings— .ut;'
Edison Bros.
Stores,
r.u\<Sit:,>
.i:.
EARNINGS FOR SIX MONTHS ENDED NOV.
30, 1946
Net profit
Federal income taxes
Veterans bonus
Portal to portal
Net
per
3,927,521
In
165,
Ekco
781,421
snare
681.
■
$4.39
.
•*' *
..
1
►
i'
»
i
"
'
•
Max
1946,
E.
the
Binz
issued 30,000 shares of authorized
company
in
Binz
Valley
director of Duplan
Corp. and will continue
Director of the Canadian
companies.
The Binz company
operates a
President
as
weaving
plant
and
getting
The
plant
sales
$4,300,000
In
of
other
to
the
and
to
the
the
of
to
the
near
dyeing
operation
shares
market, a sub¬
company is exported to
Binz
countries
in
South
America.
The
completion of the new nylon throwing
plant at Winston-Salem,
C., and the spun rayon weaving plant at
Lincplnton, N. C. have
been delayed by material
shortages. The Duplan company now hopes
to have them in operation
early in its next fiscal year.
Duplan's purchases of fixed assets during the six months ehded Nov.
30, 1946, amounted to $889,813, almost
equal to the net
period.
May 31,
profit
Its
working
capital
is
only
$5,044
less
than
FOR
SIX
MONTHS
ENDED
NOV.
before
Provision
taxes
'
'
1,503,069
1945
1,115,180
Stale
income
taxes
45,000
Fed.
income
taxes
35,000
555,000
650,000
for
directors.
profit
Earns,
per
$903,059
share
com.
outstanding
COMPARATIVE
Nov.
at
BALANCE
$430,180
$3.04
$1.53
30
employees
shares
After
giving
Nov.
30,'46
May 31/46
$1,775,489
government secur., with
Trade accounts receivable
Inventories,
cost cr
valued
at
accrued
below
or
the
$1,322,896
2,626,446
3,585,088
1,916,959
S.
common
See
V.
also
of
3,793,934
4,191,770
*4,096,132
3,419,041
19,340
Fixed
assets, at cost, less reserves
Sundry investments, at cost or less
Prepaid taxes, insurance and rent
Import duties
15,286
256,140
156,989
$14,484,440 $14,164,673
LIABILITIES—
payable
within
one
year
$800,000
acceptances and accounts payable
Accrued wages and other
compensation
Provision for estimated federal taxes
Other
accrued
$500,000
474,231
Trade
1,050,103
663,970
83,049
liabilities
1,476,376
120,286
Dividend payable
87,444
Notes
payable
(non-current)
fCommon stock of no par value
Capital surplus,
Earned
resulting from
4,200,000
4,500,000
1,457,405
1,485,290
stock
dividends
683,636
He
pany.
Mr.
3,924,978
develop
The
$14,484,440 $14,164,673
*
After depreciation of
buildings of $1,508,197 and depreciation of
machinery plant and equipment of $2,339,614.
tRepresented by 297,shares at Nov. 30 and
291,481 at May 31.—V. 164,
p. 2152.
058
Eagle Pencil Co., N.
Y.—Producing New Pen—
The
company announces a new $1 fountain
has a gold-plated stainless steel
which
called
pen
iridium-tipped
barrel, gold-plated
the
"Chief,"
point,
pyralin
fittings, bulldog-grip pocket clip and a controlled
feed.
Another feature of the new
pen is a fully-sealed inner cap
that keeps the nib moist and
ready for instant writing—V. 139, p. 761.
flow
Eastern Stainless Steel
Thomas
F.
Baltimore,
McLaughlin,
Md.—V.
164,
Corp.—Obituary—
President,
Meat
and
in
—V.
suddenly
an
Period End. Dec. 31—
Operating
1946—Month—1945
revenues
$1,163,859
Operation
Feb.
on
10
in
Taxes
Earnings—
1946—12 Mos.—1945
$1,079,356 $12,859,527
plant at
of
inc.
7,900,393
6,903,437
78,991
529,995
672,547
118,646
taxes)
Net
oper.
revenues
75,103
1,973,893
1,838,972
$144,166
$225,934
$2,455,244
$2,428,638
49,987
23,074
393,624
317,411
—
*
Retire,
accruals
reserve
Gross
&
$249,009
$2,848,869
$2,746,049
61,881
61,800
742,076
741,600
$132,273
$187,209
$2,106,793
$2,004,449
34,986
income
Interest
Miscell.
$194,154
35,090
420,063
434,322
amortization
deductions
8,187
dividend
deductions:
8,631
19,228
26,546
$89,100
Balance
$142,667
$1,667,500
$1,543,579
77,652
77,652
B.
V.
G.
&
E.
Co
$1,589,848
Applicable
to
minority
sion
to
A
EASTERN
E.
U.
and
Non-subsidiary
(as
$1,566,996
$1,443,506
224,822
income
and
interest
public
seven
relations
Canada
plants in
will
of
the
The
The
deal
involves
revealed
was
will
York Stock
the
country
11
Exchange.
Jay
the
and
its
the
total
a
to
year.
subsidi¬
program.
by
connection
and
1,000,000
Electric
with
Electric Boat
of
"North
the
Co.
Boat,
military
airlines
transport
Canadian
planes
Air
has
is
planes
Force,
for
the
&
Share
Co.—Would
is
Borrow
warrants
Electric
&
Co.
Bond
&
purchase
at
Power
Share
Approximately
Pennsylvania
business
to
common
Pennsylvania
each
Harvey
all
Light
to
of
$1,668,128
164,911
present
N.
A.
shares
being
it
to
Carter
will
to
phis
plant,
164,.
and
of
the
American
$17.50
of
of
American
Gas
Offering
and
will
portion
for
165,
of treasury cash
safely be used.—V.
inadvisable
of
purposes
to
the
use
at
of
plan
limited
a
mon
for
was
to
under
the
cash
Extension
exchange
letter
The
for
Industries
to
March
15
are
part of
have expired.
which
In
the
that
letter
cash
to
to
the
available
of
David
the
M.
to
the
Milton,
receive
share
per
Equity
preferred
for
two
in
on
or
March
prior
stock
to
15,
that
and
date
stock
of
To
offer
tendered,
permit
therefore
unless
subscription offer.—V.
of
the
old
shares
and
Jan.
plan,
other
preferred
tendered
29.
the
in
a
The
announced
additional
the
funds
the
be
may
purchase of the
cash
of
50
cents
two-for-one
made.
was
stock
balance
of
V.
April
164,
1,
50
cents
each;
Proceeds
will
letter
a
of
cumulative
be
offered
be used
for
On
Aviation
at
165,
available
p.
for
dividends
and-surplus- $1*653,816
$1,509,213
809.
1946,
notification, with
June
were
$2.25;
25,
and
as
Oct.
Of
247,449
for January,
production
the
by the
1941.
1,
production,
January
93,023
PRODUCTION OF
on
GM suppliers.
were
passenger
Ebasco
For
ating
the
Real
Services
week
companies
American
Power
ended
of
&
Inc.—Weekly Input—
Feb.
Ebasco
Light
6,
1947
the
Services
Co,,
inputs of client oper¬
which are subsidiaries of
Power? &
Light Corp. and of
former National Power &
Light Co., as compared with the corre¬
sponding week during 1946 were as follows -<ki-thousands of kilowatthours):
«
....
IncrcftsC1'
Operating Subsidiaries of—
American
Power
4
Light
Co
Electric Power & Light Corp.—„
Former National Power & Light Co.
1947
1946
204,542
184,298
50,231
Amount
44.753
Pet.
20,244
11.0
5,478
12.2
.108,977
95,895
13,082
13.6
For the week ended Jan.
23, 1947. the System inputs of client oper¬
ating companies of Ebasco Services,
Inc., as compared with the cor¬
responding week during 1946, were as follows (in thousands of kilo¬
loans
Total
GM
January
Corporation—
Premiums
Interest
Cash
Other
in
course
accrued
——
of
2
"""
"
Mav
*1941
247,449
3
assets.
-t——
„
September
262,628
242,986
fa 203,39*
/£;,1?3,412
252,084
173,732
-
Total
Reserve
for
Reserve .for
taxes
1947
.
41,154
and
Capital stock
Net surplus ——
expenses—
liabilities——
—
1
—
—
.
30,086,741
——
3,810,528
GMC
12,639
Truck
4,563
&
Coach—
The above figures do
Amt.
186,642
20,214
44,856
104,552
Pet.
(
291,528
2,250,000
10.8
«»:
8,150
-
18.2
7;947
7.6
not
include the System inputs of
any companies
appearing.in both, periods.
,
NOTE—1Thfe/input ft>r the week ended Jan.
30, 1947 was given ,iri the
••Chronicle" of Feb. 10, 1947; see V.
165, p. 809.
not
.
..
carried
at
$1,396,454 in
1946
and
33,832,117
$1,789,356 in 1945 are
'' : ")'/t •'
"
^
29,592
^ 2°'B8S
28,543
-^20,574
25.973-v'
—
•/ 36,621
i20,012
•
•.
29.513
——
-•
....
Trucks
•>
4.479
Coaches
GM
of
..
Can.—Passenger
Truck
•Securities
..
-
------
16.597
-
,
,
—
285
.
,
3,913
2,544
$85,278,660 $85,674,169
lncr6&SG
1946
2,360,6592,093^36
,
1946^- /
AH'f
-
*■
watt-hours):
Operating Subsidiaries of—
1947
American Power & Light. Co.___ 206,856
Electric Power & Light Corp
53,006
Former Nat'l Pwiv & Light Co.—
112,499
182.195 rt: 229.090
229,843
H,157
—
cSdaiac—
.28,842,416
,
*
-
-
Buick
232,729...
,119,596
<■*
22.821
Truck
Oldsmobile
all. other
174,489
January
GM Divisions—
Pontiac
30,350,134
2,504,313
564,671
2,250,000
193,458
1,186,057
203,888
$19,522,800 $16,647,580
—
•
33,09.7:;',.
I 131,202
109,555
174.181
December
*
.Total
J
deposited for purposes required by law.-=-V. 163, p. 651.
:-r—-
.123,152
,,
16 >.
?»475
,
'/v111
"vf
'
4,116
?
s
106
'1,245
247,449 J V192/736
/•Included Ih tttese- (totals, ire trucks; which, Chevrolet,r <JMC Truck
GM Of 'Canada were producing for -the armed seryigea in,.
C«"cti end
Felt & Tarrant Mfg. Co.—On Big Board—
The
New
York
Stock
Exchange
on
Feb.
10
admitted
1940 *ft«d 1941.'
for
trading
of thi$.
outstanding shares of $5 par value- .common stock
company, makers of Comptometer adding-calcu)atlng .machines.
The company is an outgrowth of a
privatfgenterprtee
531,060
'
'
•
/
1
^
Chevrolet Division Leases Saginaw Plant—
An lftliuminum vfarelaag ?.plant* located • at Saginaw, MicJji., has been,
leaded jto; $he • C^PftR%tiQTi'$>; qjievralet Division for
years at. nA
.
,
;:
95,145
*r
29.838j'
.
172,030
November
LIABILITIES—
Unearned, premiums
Reserve for claims—
230,809
-
137.807
—
October
$85,278,660 $85,674,169
192.736
77,114"
Chevrolet—Passenger
Total
'
89,739
145,199
-1;794,124
:.v£
95.666
-
—
-
3,541.633
2,518,738
—
?
•
180,310
255,849 -X 199,249 1
119,057
4,212,846
194,495
4,519,430
y;
234,212
August
15,000
30,129
—-r—
1946
17
-
755
April
Dec. 31/45
4,890,952
collection—
—
—
S.
FACTORIES
1947
123,152
:
February
cents.—
5,000
U.
IN
By Months
$73,110,748 $75,865,096
39,297
41,581
-
estate
Mortgage
System
Inc.,
Electric
Dec. 31, '46
and
cars
MOTOR VEHICLES
AND CANADIAN
50
.
from
car
trucks.
TOTAL
follows: Jan.
Reduce Outputs
by
March
1946
'T'?-.-.
" '
10
trucks
ing from the effects of the coal strike
the
Sept. 27, last, stockholders ap¬
the then outstanding 65,450
in
Create
December was due primarily to short
divisions for inventory and model changer
purposes in January, as well as some material bottlenecks result¬
in
taken
June
stocks
•
Inc.—To
'' \
the
of
shares
Co.,
'
'
Feb.
on
and
with
drop
Dividend—
ASSETS—
and
the, SEC
and 400 shares
share each, without
a
announced that January production of
General Motors factories in the United
Canada totaled 123,152, compared with 174,489 in
December,
cars
and
The
Fidelity & Casualty Co. of New York—Balance Sheet
•Bonds
With
preferred
$50
juiy
Balance
—V.
O.—Files
expansion program.
Equipment
shutdowns
1719.
p.
5%
to
the
were
split-up
outstanding no par shares.
Payments made on the old
filed
6
par)
stock,
corporation
States and
dividend of $1 per share has been declared on the common
stock,
1 to holders of record March 15.
On
Jan.
2, last, a
a
($50
common
passenger
payable' April
distribution
com¬
preferred
more
The
realized
the remaining one-third of
requested, until expiration of
Faultless Rubber Co.—Declares $1
A
Middlefield,
General Motors Corp.—Shutdowns
sufficient
was
under
809.
p.
for Filbert
share of
The
company
is
engaged in research, designing, engineering and
manufacturing for the aviation and other industries.—V. 157, p. 1424.
phases
holding
otherwise
165,
Inc.,
one
3413.
,
Equity
over
is
company
p.
effectively coordinate its activities in the New York region,
this corporation has moved its New York
City executive and sales
offices
from
630 Fifth Avenue to the same building in
which its
engineering laboratories are domiciled at 2 East End Avenue.
;-v
tendered."
The
shares
Co.,
Moves Offices—
stock
announced
was
stockholders, Mr. Milton
the
sufficient
to
164,
a
shares
preferred
Accordingly payment is being made on two-thirds of each tender,
for full shares
only.
However, Mr. Milton stated, "the subscription offer has been ex¬
to
branches.
The stockholders at their annual meeting on Feb.
25, next, will be
asked to vote on a proposal to increase the authorized
capital stock
by 100,000 shares of preferred stock par $10 each.
offer.
tended
Fruehauf
.
Preferred Stock Issue—
corporation
and
old
recapitalization
acquisition
of
Feb.
on
shares
par)
underwriting.
amount
President,
$50
of
subscription
General
stockholders
Equity's
two-thirds
cover
by
American
offers
two
stockholders of
elected
stock
common
And
;
'
company
750
($10
offer.
offer covering
preferred and
to
10
who
common
Carter
all
<
809.
p.
preferred
Feb.
stockholders
General
at
preferred stock of Gamble-Skogmo,
The exchange will be at a ratio of
stock.
Geauga
holdings for cash in the company's recapitalization
announced
the
to
them
5% shares of common.—V.
General
allotment
service
,
SEC—
Equity Corp.- -Subscription and Exchange Offers Ex-
who tendered their
to
to
3413.
p.
cumulative
close
substantial
any
and
" C <■ ' > -1
the agreement is consummated it
produce Carter Trailers at the Mem¬
when
According to an Associated Press dispatch, the Securities and Ex¬
change Commission set for a hearing Feb. 18 an application from
Filbert Corp., Minneapolis, Minn.,
to exchange 1,565 shares of 5%
for
1,050,000
expire
that
Gamble-Skogmo, Inc.—Exchange of Stock Proposed—
Gas
share
a
share
a
stated
be/¥he policy to continue
stock¬
common
one-fifth
at
Fruehauf
to
plan
its
Commission
to its
and
common
offered.
be
could
American
will continue to operate both: companies
as President, and N.'A. Carter, Jr., Vice-Presi¬
organizations have sales and service branches in
management
Carter,'Sr.,
The
up
158,915
•
Fruehauf, President, announces an agreement to acquire
outstanding stock of the Carter Manufacturing Co., Inc.,
of Memphis, Tenn.
—V.
with
share
a
share
a
Co.
borrow
17.
believes
two-thirds
-■
.
.
C.
the
Mr.
to
that 93% of the stocks offered are
taken, the offering
will produce about
$43,000,000 to be applied to retirement of Bond &
Share preferred stocks. This
operation will require a cash outlay, ex¬
clusive of accumulated
dividends, of $73,029,600. The remainder of up
to $30,000,000 is to be supplied
by the proposed bank loan.
As of Jan. 31,
1947, company had approximately $11,000,000 from
treasury cash which would provide a margin of
safety. Company added
it
on Feb. 5 filed a letter of notification with the SEC
shares (5c par) capital stock, to be sold at 5 cents a share
shares as bonus donated by Harry J. Newton, President.
Carter, Inc.,
dent.
held.
common
are
by the
offering
16-100ths
$33.25
&
840,000
Power
Feb.
while
of
and
Assuming
that
negotiated 'by: Blyth
was
Fruehauf Trailer Co.—To Acquire Memphis Firms—
en¬
Up
for addiT
& Co;; Inc.
Memphis, Nashville and Birmingham.
the
plan approved last year
District Court, the company is
holders
of
loan
branch properties/ and
one share will be made with each share sold.
Proceeds will
be used for expenses and requirements of
company's property interests.
underwriter named.—V. 163, p. 3134.
peacetime craft and in servic¬
throughout the world.—See also
(The-company has asked the SEC for permission
$30,000,000 from a group of banks in connection
retire its outstanding $5 and $6
preferred stocks.
Under
The
expanding its 'advert
proceeds for
of
No
$39$00,000—
Federal
assets.
jj
the
use
Range Oil & Drilling Co., Denver," Colo.—Files
100,000
The
Bond
to
A bonus of
of
Trans-
Canadair
'
Th^;'company
and
with
'Electric
tir%
337.
p.
for'lOb.OOO
to
operating
an¬
was
,
With SEC—
agreed
Chairman
fixed
165,
liritmt
filing
Commis¬
682.
p.
!»'•».) obi'*):
it
...
-
.
Star"
Royal
<
:
Manager.
the
and
planes
Electric
corporation,
>.
.
and
1
intends
company
to
—V.
Boat
the
Exchange
'
tising structures^ for the purchase
tions
of
'
'
■■
■
subsidiary, and H. Oliver West, for the last seven
of
Boeing Aircraft Co., Seattle,
is
General
converting
the
of
latter
...
owns
Foster & Kleiser Co.—Private Financing — Company
Feb. 3 entered into a 20-year loan agreement with The
Northwestern Mutual Life Insurance
Co., for the sum of
$1,250,000. The loah i$ subjept to, serial 4maturitiejs
|ind
carries a 3V2% interest rate.
Vice-President
building
165,
Vice-President
new
Airlines
gaged in
ing
V,
Hopkins,
of
Corp.
r.
last
and
in
investment
in
Securities
Industrial
the
of
.
First
electrical switches with wide industrial
Applications,'.and the
division, at Roxbury, Mass., and Chicago/iprodueers'of
specialized electrical equipment including fractional horsepower
motors,
inverters and other electrical devices.—V.
160, p. 983.
the
of
continue
started
program
coordinated
an
Feb.
on
with
Corp., ."a
action
Relations
Relations
years,
of
TelAUtl-grdph
President of
as
operates the plants of the
Micro'Switch division,
Freeport, 111., manufacturers of precision, snap-
the balance of 2,500 Canadair shares on or before
Jan.
Total authorized capitalization of Canadair is
2,000,000 shares.
Besides
manufacturing subsidiaries
on
Feb.; &
nounced
resigned.
Public
shares
resighed!
has
•
positipn he has held since 1938, and has been elected President of the
First' Industrial
Corp., a subsidiary of C.I.T. Financial Corp.', to d^r.eqt
Co.—Acquires Aircraft Concern—
997,500
'
.
maximum
Public
recently
this
be'
J
'J; •.*
,;.i
Walter Fl yieh,
outstanding of Canadair, Ltd., which has leased,
purchase, the Canadian Government-owned aircraft
to
the New
President
and
$1,818,728
taxes
the
w
First Industrial Corp.^-Vieh Elected President—*"'
;
The
Executive
proved
Total
Expenses,
$1,443,506
$1,566,996
ASSOCIATES—
above)
who
.
rt-v.
*
•
r«.
shares.
purchase
years
22,421
251,732
UTILITIES
Earnings of subs,
Goodman
the Department of
for the past three
and
Montreal.
the board
$1,465,927
22,852
interest
to
t
Applicable
The
75
.
Holtzer-Cabot
Director
as
with
report of information
only
Balance
Ricks
Ekco's
Boat
a
of
Non-oper. income, net
each.
was
537.
p.
$2,500,000, it
$11,843,595
699,326
51,095
(incl.
B.
Ronald
expand
of
of
849,949
Maintenance
shares
employee
.
.
every
,.r.
Institute
option
letter
(& Subs.)
33
one
a
3-932
employee purchases, the company's outincrease from 787,600 to 602:500 shares.
The company has
acquired
shares of capital stock
with
plan,
Eastern Utilities Associates
any
the
Paul
was
England
165,
A
died
50c
tended—
2543.
p.
of
succeeds
activities
aries
of
Total
to
to
336.
p.
Ricks, who
American
521,903
4,629,840
surplus
of
average
service,organization,
■'/. ";/£•'..X*'."'.5
dividend action following Noyemtjetfs publicoffering^as
quarterly payment of 35c and a year-fend extra dividend of
share, both paid Dec. 23,. 1946-• With the exception of 1921. and
re,
of 1921.and
19.46til© cdmpahy it
Vin
irl
p-l'ri
wi
h
ct" /in'
has' v>«i J cash dividends /'rVVVi' its capita* "stock4 in
paid
on
year since 1909.4-V, 164, p.'2690j
<
i \\
H't r
"
corporation, manufacturers of housewares;
cutlery and kitchen
tools, has been announced by Lee B.
Thomas; President of the com¬
526,178
1,464,424
an
.
initial
ilar
regular
a
total not
a
'l11111 »■1 ■"*
inventioh—the
its' sales and
plan approved by the
a
this
of
180,772
Total
Notes
under
meeting, which authorized
.
shares will
165,
appointment
Canada
market
the sale of 15,000
employees other1"than offi¬
Director of Public Relations
Appointed—r
The
1,292,831
interest
lower
v?;
announced
to
made
was
last
allotted
effect
Standing
John
ASSETS—
Cash
sale
their
purchased
of
25, 1943.
SHEET
Feb.: 5
on
common /steok
The
at
number
of
Net
Pfd.
t^ie company's
Electric
$14,103,162 $10,219,206
income
for
Provision
U.
at
was
Employees
.
its; common stock to .be sold to, all/employees
plants, specifically excluding officers and directors.
The price, $20 per
share, was slightly less than the quoted market
cn the New York Stock
Exchange at the time of the directors'' meeting.
Mr.
Keating stated that the plan was
completely successful and
very
well received by the
employees.
Oversubscription by company
employees required the allotment of the available
shares,' and 443
30
1946
sales
Profit
it
for
to
'
.
.
of
and
1946.
EARNINGS
Net
Co.—Offering of Stock
Keating, Chairman,
to exceed ,15,COO shares of
of its American
Canadian
N.
the
'1946
$3,726,586
in.-
Arthur
Mon¬
near
into
and
jacquard draperies.
for the 'calendar year 1946 were
larger during the current year..
company
production
dominions
labels
weave
expected to be
fabrics supplied
the
of
British
Binz
are
to
part
Montreal
the
and
addition
stantial
in
Managing
Montmagny,
in
Quebec, Canada, and the fabrics woven are finished in
and printing plant of the
Valley company in Valleylield,
treal, Canada.
The
Binz
company
is now
another
Products
JyAl'.gJ' "
• an ad^lng-calculatlng /machine
first practical 'mkchihe of this* type.' Up to
Nov. 20, 1946/ all shares'in'the
company were held by dta management
and the families of its
founders. At that time, an1 underwriting group
headed by Les Hfgglhsoh Corp. and
Kidder; Peabody & CO.mada public
offering of 251,340 shares of $5 par value common-stock, increasing
the'number of Felt and Tarrant stockholders
by 2,600.
The* offering
represented holdings
of,pertain shareholders/following changes in the
company's capitalization,'and the merging into it of
'CflmBtymeter/Co.,
his
of
$4,310,358
r~~
-
WWUUllilj Ml ). .)U |l.r
1885'by-Pppr J?* 1 Felt tq, manufacture
m*.
'
v
1947
."
<<
board of directors
exchange for 60% of the common stock of
Co., Ltd.; and 60% of the common, stock of its affiliate,
Dyeing & Finishing Co.
Mr.
Binz
has. been elected as a
M. E.
537,4
p.
Oversubscribed—
December,
to
-•
,
—V.
cers
.
Inc.^-January Sales -5
•'>
Sales
$6,099,205
Duplan Corp.—-Expansion—Semi-Annual Report—
stock
January^-"
552,748
(6/1/36-11/30/46K
pay
common
T—V. 165, p.
Month of
$11,360,895
_j
income
Earned
i:
GPMMERCJ&Ji "&'i FINANCIAt:.CHRONICLE
^
MM
The
constructed in 1942 at a total reported cost of^$9,337,090,
was sponsored by
the War Department for the construction of heavy
hammer forgings.
The lessee plans to convert the facilities to the
fabrication of
transmission parts, bumpers and other service parts,
$ with proposed employment of 500 persons.
U
In announcing the transaction, WAA stated that there was little, if
any
possibility of utilizing the facility for its designed function since
there was no present demand for the end-product.
In addition the
ri: plant is adjacent to residential area, and the residents have objected
to noise and vibration entailed in a heavy forging operation,
v
The disposition is contingent upon full compliance with the Surplus
Property Act and such other requirements as may be deemed necessary
by the WAA Legal Department.—V. 165, p. 810.
The plant,
Spring
in
Co.—Work to Start
Laboratory—
Electric
General
the
stock
Atomic
Knolls
the
of
Laboratory
Power
a
Total
Grand Union Co.—Current Sales Increased 43.5%—
1
1947—12 Mos.—1046
$11,246,197 $11,496,194 $212,325,781 $180,306,612
Sales
—V.
165,
will closely mesh,
work
whose
tories,
are
Net
Grayson-Robinson
1947
165,
U-
$2,368,719
Colo.—Files With SEC
The
—V.
Gross
(Excludes
Electric
Associated
Co.
sition
Fed
Int
Total
Electricity and gas purchased for resale
deprec. of property, plant and equip._
Amort, of electric plant acquisition adjustments
Federal
Balance
of
(operating)
sub.
cost
of
—V.
corp.
The
for
company
without
Gross
165, p.
directors
share
per
stock
have declared
the
on
$6
cumulative
dividend series),
Feb,
18,
ceive
payable
lieu of cash,
In
1947.
stock
common
the
at
share of preferred stock.
Like amounts were paid
while
the
of
the
on
Dec.
all
1
regular quarterly
share
of
the
to
Oil Co.
(no
will
be
to
par),
Proceeds
of
of
rate
44/1000ths of
share for
one
and
oper.
$4,004,331
used
be
this stock
stock.—V.
wiped
share in cash,
per
164,
were
p.
Net
1,928,255
5,449,732
527,346
210,470
118,757
264,367
237,860
$811,730
$283,558
$1,395,463
$600,315
322,500
70,000
627,500
230,000
oper.
__
received
per
$1,134,230
share of
stock
penses,
$353,558
$4.63
materials,
raw
State,
$1.52
operating,
and Federal
county
selling
taxes.—V.
administrative
p.
Proceeds
will
be
used
for
expansion
10 Days End. Jan. 31
Haskins
1947
Operating
—V.
165,
revenues
p.
1946
$73,400
___
The
1947
$67,635
for
950,000
1946
$209,825
filed
3
a
Proceeds will be used, for working
246;
capital.
V.
(Walter E.) Heller & Co.—Earnings—
on
Corp.—Time for
Filing Plan Expires
Years Ended
April 15—
Federal
Judge
Net
Wilson
Earnings
Fort
at
Worth, Tex., on Feb. 11 signed an
stockholders committee "leave to par¬
order
granting the preferred
ticipate" in all proceedings relative to the reorganization of the
in involuntary bankruptcy proceedings.
"Based
Hano
of
listed Lester
Philadelphia,
Hano,
as
a
partner of
Chairman
of
committee.
%: Buck of Fort Worth and Morris M. Forer of Philadelphia
Raymond
dividends
Heller,
the
company's
E
the
sale
last
pjp, for the group,
.
Glenn Smith,
securities
of
receivables
in
committee,
formed
active part in the reorganization proceedings"
sent a letter to preferred stockholders
has
recently
The
"to
take
an
Aircraft Corp
authorization to
is
Jan.
headed
by
Lester
Hano,
partner
Newburger &
of Philadelphia, Pa„ whd is
Chairman, and Frederick D Gearhart, President of Gearhart & Co., Inc. of New York, N. Y., co'-Chair-
and,
in
tT"
The corporation
spring.
tion
under
increased
its
on
Dec. 31, 1946 had filed,
Bankruptcy
$ Court at Fort Worth Tex
Act:
Following
Wirt M.
.
a
Norris,%f
;
officer
of
the
See
-
I Gordon Foods, Inc., Atlanta, Ga.—Stock Offered—An
underwriting group headed by Johnston, Lemon 8c to
and Allen
Co, op Feb. 14 offered 125,000 shares ($1 1
par) common stock to the public at $6 per- share/ In
addition to the public offering;
Johnston, Lemon & Co
and Allen 8c Co. will purchase
25,000 shares of the stock
J
Proceeds
acquisition
from
the
see
-
outstanding receivables by
the largest portfolio of
Divs.—
to
a
year-end dividend of 65 cents
were
paid
financing, will be used by the company
fir the
Ipjr the
i
in
addition;
paid
1946
paid
on
12
U.
S.
Seatrajn Lines,
year
each;
$10.14
per
income
tax.
$9,165; in¬
$307; de¬
accrued expenses, $1,192;
$261; capital stock (par
$1,462,292), $1,502,total, $1,952,546.—
were
a
dividend
Div.—Earnings—
of
March
payable
or
common
an
Jan.
25
a
company
as
as
FOR
CALENDAR
YEARS
1*945
share
increase of $4.01.—V.
on
164, p. 1329.
North America—Official
Jan.
30 announced
Assistant Secretary and as
Department
years.—V. 165, p. 74.
Metropolitan
dividends of 15 cents each,
year-end of .75 cents and on
Inc.
below.—V.
159*
p.
1863.
Lines,
Inc.,
below.—V.
158;
p.
2362.
Listed-f- \ i
-
,
graph" Press
.
;yv.*-•* ,«r" *
-%». *■*-*•'**;i***
*
*.• •'
"• *
Sales
„
338.
loans.
j 1947—Month—1946- A 1947—9 Mos.*—1946 '•*
" •*-'* •'
$463,167
'
$7,015;099
$6,47^,779
had
the Philadelphia
He had served the North America
for
'
Co.—Stock Sold—A group
headeS by Alex. Brown 8c Sons has sold privately 389
shares of common stock—voting
(par $10). The 389
shares represent the .unsubscribed , portion of . 47>500
shares offered to stockholders; at $10 a share on the
basis of one new share for each outstanding sharp.
The
offer expired Feb. 7, 1947.
Bonds Sold/.Privately—In< December, 1046,;, company
sold privately $400,000 1st. mtge. sinking fund, bonds,
series B 3%, due Dec. 1, 1976, to Mutual. Benefit Life Insurance' .Go. and John Hancock Mutual' Life Insurance
Co; Net;: proceeds? were- applied^ ^to?da; o§vbai#
f':;
-y;r
1
is expected, that .- the proceeds to ' the company will
$452;321. ^ Of the net'proceeds; it i* expected that approximately, $350,009 wjll^h? apRlied.' to: pay loans .which the company
Af
ii)nntA>: cia
*U\n -Tormartr
1Q47
•
PURPOSE—It
$527,368
Retires
that C. William Johnson
Fire Manager of
•
Holly Stores, Ij*c*
165, R.
assets,
expenses,
20 cents per share on
1 to holders of record Feb. 15.
follows: March 1, June 1 and Sept. 1,
and Dec. 2, 62Vfe cents.
declared
Insurance Co. of
monthly
(JL) Hoe & Co., Inc.—New. Stock to. Be
—V.
1946
profit
retired
The Board, of Governors of .the New York Curb Exchange .on;Feb. 5
approved for listings 95,997 shares of new $10 par class A stopk issued
in substitution for'a like, number of old $10-par class A shares'pur¬
suant- to* the consolidation into the corporation of .Pittsburgh;-Litho¬
,
31,
$27,654;
payable,
1946
have
stock,
last
cents
The
on
last.
Seatrain
DEC.
on
Period End; Jan. 31—
of
86,607
SHEET,
$305,942
$146,237
$2.14
$1.26
Further
comparisons of net
result for the year 1946 as against
the previous year reflected the following improvements: not sales in¬
creased $518,173; net profit increased $159,705 and net profit per cent
to sales increased 3.2; earnings per share of common stock outstand¬
ing increased $.88 and the book value per share increased .from $6.13
Hoboken Manufacturers RIL—New Control-
'
Globe
for investment.••
-
51,319
Inter-Mountain Telephone
District
tLt.city.wi appiiSed
trustee, and. George J, Newman, a director and
Company, as co-trustee.—V. 163, p. 2853],
;
by. the
$50,439
Steel Products Co.—20C
directors
Earnings
petition for reorganiza¬
approval
were
$79,650
miscellaneous current
fixed assets, $894; deferred
$2,238; total, $1,952,546.
RESULTS
Net
Hoboken Laud & Improvement Co.—Acquired—
•
.
the
issued
1946
1492.
p.
best
inan.
? ■;
be
31,
interest)
July 26, Get. 25 and Dec. 27, specials of 50 cents each—V. i64, p, 2959.
Newburger & Hano and Gearhart & Co., successor to Kobbe
■i Gearhart
&
Co., were underwriters for the offering of the 5>/2%
& cumulative preferred stock, $io par, of Globe Aircraft Corp. early last
to
DEC.
1946
Spencer, Bartlett & Co.—Three 25£
company
estimated
common
12',2
the
was
65% and ended the year with
history.—V. 165, p. 685.
directors
31,
The
of
Haro
.
year
that additions to capital of $2,000,000 through
was
available to the company only during the
dividend of 20 cents and
their behalf.
committee
last
Feb, 7 declared three dividends of 25 cents each,
payable Feb, 28, March 28 and April 25,
1947 to stockholders of
record. Feb. 18, March 18 and April 15, 1947, respectively.
A monthly
of Globe
soliciting
act in
The
for
154,
the
its
Hibbard,
stockholders,
that
ENDED
history.
years'
quarter of 1946.
1946 the company
approximately
Preferred Stockholders' Committee Formed—
preferred
27
During
referee in bankruptcy, on Feb. 12 granted the trustees
of ihe corporation until April 15 to present a
plan of reorganization.
He also set April 15 as the deadline for all claims to be filed
against
is the company.
A
t$l,36
shares.
255,972
on
stated
YEAR
$109,821; surplus (earned, $39,955; paid in,
market appreciation of securities, $311,370;
Payments
(Based
President
amounted to $1,923,-
and
$79,961;
$1,859,981;
advertising cost,
The
$498,833
"$1.47
shares.
1946
during year.
paid
1945
$650,311
Mr. Heller pointed out
Counsel
are
328,437
E.
in
the firm of Newburger &
the
on
taxes
share
common
per
and
31
outstanding
$101,758
Indiana
1946
31—
charges
Walter
com¬
pany
The order
Dec.
after
income
exceeding
_
LIABILITIES—Accounts
10ci,
810.
Aircraft
Globe
not
corporate
profit on securities sold
reserve
letter of notification with the SEC
to be offered at par without
1,500 shares ($100 par) common stock,
underwriting.
$189,385
Co., Chicago, 111.—Files With SEC—
Feb.
on
of Dec.
as
STATEMENT
(dividends and
ASSETS—Cash,
(R. G.)
company
issue
to
for
29,211
vestments,
—Jan. 1 to Jan. 31—
made
Fund, Inc.—Report—
shares
of
BALANCE
of operations.
Georgia & Florida RR.—Operating Revenues—
advance
an
income
ferred
Period—
for
the Fund
number
321,716
232,504
2691.
164, p.
the
income
Cash
$7,537,340
1,500,000
taxes
Authorized—
company
note for $40,000
Total
$10,200,000
Federal
the
one
Expenses
1945
1946
sales
—V.
common
indebtedness
of
net assets of
Total
ex¬
Corp.—Earnings—
Years—
Ry.—Notes
authorized
5
2546.
Net
Net
the
Feb.
promissory notes,
1.098,211.
$3.56
$8.26
and
164,
profit after Federal taxes
with
$0.39
preferred stocks.
period ended
subsidiary, The Metro Chocolate Co., Inc.,
1946.—V. 163, p. 3285; V. 164, p. 3144.
Huyler's
Northern
on
of
while
Net
Harbor Plywood
notification
$830,315
$2,022,963
of
Income Foundation
The
through
208/1500ths
2545.
of
$204,092
204,655
2.20
$132,074 for the seven months'
net income of
INCOME
Net
letter
229,645
acquired on May 29,
ICC
cap.
for 2,500 shares ($100 par) preferred and 1,250 shares ($1 par) class A
stock.
Both issues will be offered at par without underwriting.
a
($620,136
share
common
to evidence a like
purpos'es,
and
one
note for $125,000 to be sold at par and the proceeds used
to pay overdue rental and for working capital.—V. 130, p. 283.
4,165,497
74,026
136,531
profit before
filed
5
344,402
outstanding
shares
Illinois
142,082
Net
Feb.
on
1945
$548,494
376,976
1946
$165,000
amount
SEC
company
955.
p.
$997,112
per
31,
The
$5,214,142
gen.
income
Earn,
Gennert (G.) Inc., New York—Files With SEC—
notice
debenture) will be
sinking fund income
close of business on
$1,000
taxes
(Includes
out
or
par
income
1946—6 Mos, -1945
costs-
&
from
Calendar
The
to
$7,636,907
$2,404,595
2,913,988
"Includes
on
164,
"After dividends on first and second
438,
1946.
<$25
at
aband.
devel.
inc.
Dividends
each
of
announced that it has received
2'/a'<
to
1947, to registered holders of 5%
due Sept. 1, 1954, of record at the
Common
the §EC
$25 per
expand present
offered
194& -3 Mos.—1945
income
oper.
Net
preferred stock
(optional
March 1, 1947 to holders of record
stockholders, at their option, may re¬
amounting
1,
profits
"Earned
Calif.—Earnings-
Dfljc. 31—
expenses
$1.50
366,380
1946
Net
Federal
convertible
in each of the first three quarters
arrearages
common
of
44,711
9.144,000
366,380
$387,397
to the amortization of
war emergency period.
letter of notification with
a
stock
common
underwriting.
Deprec., depl.
on
payment of a dividend of $4.75
a
dividend
40,058
8,192,500
Huyler's—Earnings for Calendar Years—
Dec.
Intangible
810.
General Shareholdings Corp.—Declares Regular Div.—
The
of
$12,103,493
reduction in Federal income taxes.—V.
134,108
372,698
Payment—
1.—V.
March
1,468,987
i.;M 11
which was
$11,752,729"$10,910,352
before
1945
10 filed
Feb.
on
shares
490
Period End.
income
•For
earnings
expenses
York Curb Exchange
New
paid March
business.
1,193,141
net
in
of. reorganization
interest
Net
the
1,495,159
154,102
333,915
Withheld—
deficiency
(par $1)
Interest
10,925,132
$13,247,888
200,360
165, p. 74.
applicable
facilities
emergency
"Costs,
Net
$1,856,384
taxes due
31,758
22,252
138,158
sinking fund income debentures outstanding
that
H. Products Corp., New York—Files With SEC—
$23,028,625
10,302,657
_■
$1,045,039
$1,045,039
Hancock
i,_:
l
taxes and income deductions of
and subsfd. (subholding) companies
$135,121
amount
151,284
49,377
29,473
$10,923,997 $11,696,306
7,772,378
Cos
Expenses,
66,156
to reduction in Federal
"Equivalent
11,383,534
$23,550,546
income
deductions
66,156
Balance
share
Gross
Income
5,513
1
$23,202,899 $22,719,056
347,646
309,568
(net)
5,513
176,461
taxes
tax
balances
Capital stock
$1,922,540
$73,101
"Non-recurring
10,976,011
98;187
5,782,782
income
income
$1,111,195
stock
pref
Balance
11,709,660
Operating
Other
18,135
$140,634
302,171
expenses
of
account
5%
debentures,
$
.7,909,541
taxes
income
other taxes
436
$78,614
.
income
1945
10,665,958
613,640
Prov, for
On
48,000
14.311
Cr207
15,330
Cr205
92,446
228,600
272,566
collected
or
insurance
Interest
account
$2,112,970
172,654
Cr2,503
20,278
14,173.
143,404
204,812
corporation
on
accrued
credit
other
__J—
$1,297,849
170,097
Ur2,478
$170,069
$93,018
debt
tax
retirement
Debenture
303,279
694,247
12,1015
I
$605,434
$822,786
Deposits, unearned rent, accounts receivable and
252,000
48,000
346,450
4,000
4,000
income
Dividends on
8,403,890
Maintenance
taxes
1,830,288
96,076
$10,923,997 $11,696,206
Realty & Terminal Co.__
debent. for second half of year
income
The
Net
113,966,977 110,190:986
43,160,960
40,261,480
10,427,186
9,070,795
operating revenues
Operating expenses
1,877,052
276,000
I
1,608,427
State
on
Sundry accrued
$4,546,537
21,000
j
Other deductions
subsidiary companies)
$
$4,539,599
198,353
__
taxes
long-term
on
1946 12 Mos. 1945
$405,524
Amprt of pre. on debt--
f
1946
earned
On
taxes
income
Gross
Calendar Years—
York
New
Inter,
acqui¬
adjustments
General
charging amor¬
retirement of debent.
payable
Unemployment
23,000
plant
of
374,876
412,570
after
crediting
J
Federal
1S6.189
expenses
305,746
charges
operations
and
Due
$412,284
revenue
Amort,
Stock—
and its
from
Accounts
Co.—Earnings-
for dep.
Prov.
108,092
7,052,648
10,300
LIABILITIES—
$4,480,698 $76,960,417 $67,603,206
1946 Month 1945
490,927
6,845,585
leasehold
10,300
Federal
Period Ended Dec. 31—
of
Total
338.
p.
Gulf Power
Output—
FOR CALENDAR YEARS
CONSOLIDATED EARNINGS
value
tization
1,156,253
1,489,339
96,53*.
Sundry
165,
240,000
779,855
deferred
Deficit
1947—12 Mos—1946
1947—Month—1946
$4,655,094
Sales
notified the SEC that it intends to sell for cash
its holdings of 2,900 common shares of Florida
165, p. 810.
Corp.—V.
book
Total
company
Period End. Jan. 31—
Television Field—
company has
before June 1
Power
1945
$655,388
Investments
10,000
31
1946
$984,068
.
(H. L.) Green Co., Inc.—January Sales—
electric output of the corporation for the week ended Feb. 7,
amounted to 137,065,578 kwh., an increase of 20,555,030 kwh.,
17.6%, over the corresponding week of 1946.
or
DEC.
SHEET,
Prepayments
on Feb. 4 filed a letter of notification with the SEC
shares of common stock, to be offered at $10 a share..
Underwriter, James Thomas Chiles, Denver. Proceeds will be used for
development of oil and gas wells and other expenses.
,
for
The
The
302,171
$526,010
Inventories
Great Western Oil Co., Denver,
1947,
on
BALANCE
cash
Treasury savings, notes
Accounts, receivable,
net
337.
R.
Operating
To Sell Florida Power Corp.
471,650
360,843
tax
S.
Net
corporation producers of radio components and
automatic
record changers, announces entry into the television field through' the
facilities of its wholly-owned subsidiary, The P.
W. Sickles Co. of
Chicopee, Mass., where special techniques are now being applied in
the production of parts for television receivers and improvement of
picture images.—V. 164, p. 2153.
or
income
272,610
$645,089
Federal
for
profit
Total
1946
.
$2,541,600
Sales
—V.
to be operated as a unit
Vice-President and director
Public Utilities Corp.—Weekly
1,665,142
337,142
COMPARATIVE
i
Stores, Inc.- -January Sales—
Month of January-
This
General
$3325,616
410,125
debentures
ASSETS—
165, p. 810.
General Instrument Corp.—Enters
259,936
amortization
209.
p.
(1939-1945)
taxes
$3,297,510
the
on
Provision
1947—Month—1946
$3,325,816
$3,037,873
operations
income
Interest
Period End. Jan. 31—
-
under the direction, of Dr. C. G. Suits, G-E
from
Rent
209.
p.
(W. T.) Grant Co.—January Sales Off 2.18%—
The new atomic laboratory is to be located on part of a 386-acre
tract in nearby Niskayuna. On another part of the property the new
General Electric Research Laboratory is now rising.
The two labora¬
of the Research Laboratory.—V.
etc
insurance,
1945
1,632,541
Total
$4,759,918 $74,794,074 $49,246,181
$6,831,502
165,
Total
on
1946
expenses
of real estate
Refund
1948.
of
taxes,
1947—47 Wks.—1946
1947—4 Wks.—1946
Period End. Jan. 25—
Sales
—V.
be
to
of
operating
$16,451,523 $13,973,"051
12,792,813.
9,989,783
620,835
657,451
operating income
etc.,
Total
Income
built
near Schenectady, N. V.,
by the. Atomic Energy Commission will start
this Spring, it has been announced by L. E. Johnston, Area Engineer
for the Commission.
The laboratory is being erected under the super¬
vision of the General Electric Co., which will operate it for the Gov¬
ernment
when completed.
Mr.
Johnston said that scientists and
engineers will probably begin to occupy the new building by the middle
Construction
will consist of 420,000 shares of ($1 par) com¬
total authorized issue of 500,000 shares.—V. 165,
337.
p.
Atomic
Government
out
sales,
Gross
present financing,
mon
Corp.—Earnings—
Calendar Years—
sole outstanding capitalization, after giving effect to
company's
Waldorf-Astoria
Hotel
working capital required by the company's proposed expansion program.
10.
Feb.
and for additional
purchase of new trucks, machinery and equipment,
the War Assets Administration announced
ot S132.324,
annual rental
on
Monday, February 17, 1947
THE COMMERCIAL & FINANCIAL CHRONICLE
938
approximate
..•>
••
a/tii'if A-!»
Volume 165
any
tne.
The
•
balance, of the
separate fund
year
devoted
THE COMMERCIAL & FINANCIAL CHRONICLE
net
to
proceeds /will
not be
i^hnson <Wa,ter «•> Candy. Go,, ChicagO-^FileS With?
OJavT",
segregated
specified purpose.
However, for
estimates that expenditures for new con-
the company
1947,
strjiction_
to
'
:
Betterments,intp
Number 4569
a
aggregate as much as. $900,000, and
company expects
expend for that
purpose out of its funds not less than the balance
oi .such
net proceeds. *
Additional moneys for such new construction
work will also
be
required, and the company expects to provide the
Company^ if
and Tennessle®
of
incoraorated
was
in
intheUeSne bu^
Local servic? is furnished
Virginia
Oct.
31, 1946.
telephones in
On
service
the
abeve
date, the company had
service.
total
a
of
on
7or the year 1945,
,.
tne
company
derived
was
toil
service,
percentages
approximately 58%
and
from
local
the
first
ten
from
months
fund
3%'
due
Non-cumul
6%
nfd
stock
(oar
are
the
PRESENT
Outstanding
nnnn°nn
$2,009,000
4:9
*in7~
(Dar
k
^
nnn shs
moSoS*
115,000 shs.
$10)
S;0CK <par $10)
UNDERWRITERS—The
to
almost
doubled
•
names
be purchased
of
the
by each
underwriters
SmSSE*
95,000 fehs.
are
?n°nS
and
the
15
18,895.
rolled
Kaiser-Frazer
that
cars
and
Feb.
on
of
second
a
second
chassis
assembly
3
ready
record
a
STATEMENT
„
Fed.
taxes
(
eral
on
income__
other
had
one
month.
(Mich.)
week,
for
the' corpora-
operation.
The
started
automobile
was
.
165, p. 811.
165
n
inn
8667
4 331
Ji'HQ
oaa
$98,286
«ioi
$126,292
me
C1
919
plans
Jt
cno
$121,312
$132,450
and
figures
the
include
operations
of
the
$6,408,253
Rolling
acquired
last
for
its
the
on
liquidating
capital
shares,
and
ca,pltal
shares
have
.said
dividend
March
on
the
24,
the
voting
directed
1947,
dividend
to
of
trustees
the
the
of
which
,
.
„
will
to
plan
$5>5qo,000
other
West
unsecured
funds
fund
as
mortgage
ask
for
latest
a
The
company
serial
notes.
2>/2%
required, to redeem at 102
bonds. The company is a
to
„
,
said
Sales
record
__v
„
T
0
,
T
Tnfprnntinn'il
t rnational
iL
HL000
fa,.
t*
.
Each
P *-
of
With
Purchaser
Liirr.hn'cfv.J^
ng
1
materials,
.
,
I
,
,
t?a,.w,;mr>.
,
„
interstate
-
scares
renting
preferred
share
Proceeds will
factory
and
used
of
right
the
The
of
In
Home
'46
Dec
29
j
^
Earned
-—V.
preferred
165,
$367,870
63,390
64,080%
$20 68
$6 74
outstanding
-shares
with
&
this
its
Gardens,"
The
>
V.
profltp.
164,
$9,918,519
FOR
MONTH
OF
DECEMBER,
"Ladies*
Home
consists
national
dealers
of
a
with
Journal,"
advertising
a
„
as
at
Jan.
securities
1946
165,
value
1947,
per
common
based
upon
adjusted
$28.74
on
to
Dec.
share
the
"market
31,
prices
1946
338.
p.
and
profit
—V.
Jan
on
'
31
1946
Tne
stockholders
a
to
stock
from
split-up of the
on
Co.—Split-Up Ratified—
Feb.
8
approved
increase
an
present
become effective Feb.
17,
mg, to 397 842.70 shares.
signs,
company
on
reported
the
New
that
York
application
Stock
will
directors have declared
increased capital
The
old
shares
Juce
,
10
a
sum
without
dividend
on
of
cents
and
5ept*
10'
and
$j-371/2
f rsl^ mprtgage
bon^s,
2/^/c
series
due
-
.
.
due
share
on
1976,
Jan. 25-r
.>
—If. 165,
p.
338,
1947
$8,637,818
St.
or
-
.
,
,
John,
.
••••;
,
.
taxes
J
v
1945
$224,856
$59,282
$0.70
$3.46
_
.
trustee,
50
receive
5
So.
La
bids
Salle
10.—
Net
uow
on
a
___
"flat"
will
iUtcome
on
1
basis.—v:
164,
vote
Feb.
26
p.
—V.
St.,
the
Tii
L;0.
FOR
v"
charges
v.
'
ioj,
p.
iai.
p.
■
Chicago,
111.,
of
5%
to
it
312.
that
Tn
10
Tnrrf>a$p
increase
to
company
Feb.
on
shares
294,675
shax'e.
(5c
Underwriters,
the
of
Chemical
Products
Corp.
%
.
are
,
J/
;H
3
filed
par)
a
'
letter of notification with the SEC
stock, to be offered at 20 cents
common
/g
Lobe,
•
281.
sales
(including
$10,830,000 Federal
before Federal taxes—
Net
taxes)
excise
income
share
.
'
1946
§|f|
$15,585,599
:
984,489
ii
445,278
—
Earned per
Lone Star
CaDV-«*P
increase
1946
the
$539,211
on
$1.38
390,289 common shares—
Cement-Corp.—Earnings—
1946—3 Mos.—1945
Mfg.
shipping
&
and
cost
pur.
e*p.
1945
ce¬
—
*225,338
Total
income
Provision
for
for Fed; inp. tax.
1,543,686
Janqgry Sales Increased 124%—
for.other inc.;tyx.
Net
profit
profit" per
share
(9)48,597 shares) r.—
—V. 164, p. 2410.
Net'
$3 530924
|4<53^t?4l
^ 5,042,557
119,174
912,530
536,404
$9,587,229
872,303
421,838 ' 2,433,000
$5,578,961
' 739,858
1,330,000
-
-
400,337
?=<
•
* *
566,333
383,209
119,246
Crl45,964
■■■■■
■■■—
•
1,824,844
ii
'
333,988,
400,977
n.iim!,;,iw.Aw i«'.L
'
$1,093,148
$1,650,282
'
3,074,773 |
"
/•••/ '
——m
-
$3,9^332
8,874,699
956,19,6
.
$2,059,783. $1,662,860
283,446
174,592
taxes
Proy.
Prov.
heW-
25,318,685
•3,829,974
1,826,311
21,150,778
424,570
5,782,640
6,0Q7,755
1,152,774
-424,856
1,827,931
,23(1,852
—
depr. & depl.
Operating profit
Miscellaneous inepme—
$5,626,520
403,497
spl4
for
SSl^^S ,/'
costs
of
Pror.
1946—12 Mos.—1945
$8,707,092 $39,849,669
$9,413,316
Sell." & admin.
$6,695,520
—-
Besides
—V.* 164," p. 3293.
proposal
and taxes
Corp.
,
Period End. Dec. 31—
'
sales
(domestic & foreign).
132,415
Misp. pharges i.'—Cr408,697
a—
p.
observed
Federal taxes
-
a
Products
organisol and other synthetic protective coating fields.,
Net, profit
,
Net-sales
-1Si 165,
Manager of Chemical
Logansport Distilling Co., Inc. (& Subs.)—Earnings—
war- end adjustment of $20,164.
outstanding following- distribution in June,
Mcuith of January—
1946
Sales
Inc., and Alfred Lind, both of Seattle.
Proceeds will be used for mine acquisition and development.—V. 164,
a
d^Vct^rnon-mwrini
sliares
197'264
and
the company's present business, the additional facilities
assist the entrance of Lithomat's chemical division in
to
Sales
on
,
;,f.
i
Livingston Mines, Inc., Seattle, Wash.—Files With SEC
YEARS ENDED NOV. 30
"
property
a
new and related type of business,
research activities and a well-situated
in East Providence for future extension
EARNINGS FOR YEAR ENDED OCT. 31,
sale
,
division
expanding
164, p. 2019.
The
for
1329.
1
after
used
Garth
ment
sales
tBasfiii
for
for
running at three times the rate prior to its acquisition by Litho¬
mat Corp. "Further sales increases seem likely," he said, "as a result*
of greater production made possible by recently installed equipment.'*
at
EARNINGS
"
on
$5,539,624
•
Cambridge, Mass.—Expansion—
chemical
our
of
vinyl,
Mr.
Net
Co.,
March
antt
.
.
Sales
Halifax
now
common stock« par $5- from 200'000 shares t0 500'000
Sales
4 Weeks Ended
the
$
shares
■
•
are
Toronto,
2639.
England Lacquer Co., which are two different industries
previously served, will be directed by William I. McGowan,
those
be
457,332,640
Aug.
stockholders
28.
Dec.
on
rHi«.Jctv
.sna*es-
the
on
p.
facilities."
Corp., Chicago—Tenders—
Lacieqe-LhllSty riav Prnriuntc
Clay rroclUClS
^«ize<i
record Feb,
cents
each
TA%STftu
York, If. Y.-r-V- 164, p. 2692."
Trust
a.m.
of $25,846,
Th3
per
share
per
11
1
New. Shares—
30
Montreal,
1946
industrial
of
plant
will
inventories
Northern
BOr>dS
,
45
5M3$s^
itajization—Earnings Increased—
of
Net
L^iiriuvc
OQ
46 Dec. 29,
with
until
to
expansion
„„
n
Dec. 28,
held
listing
in
Sales of New
567,487,547
debentures
and
'
stqck,.payable March 10 to holders of
outstanding last year received 37'/2
911.
p.
for
.
newly-acquired company," Mr. Garth states, "will supplement
additional facilities for the rapidly expanding activities
Products Corp., acquired by the Lithomate Corp. in 1945.
Vice-President
,
payment made
possible,
"
$5,844,713 $96,981,090 $91,926,02fr
I.
of
1, 1962, to an amount sufficient to exhaust the
prices not to exceed the redemption price thereof.
No .accrued -interest will be
paid and all offers will-be received and
made
Canada
room
248.
p.
value,
Exchange.
Peclares Dividend of 30 Cents
The
be
of
tract
mail
par
share
S
*
1947—12 Mos.—1946
<
provides
program,
direct
no
outstanding stock on a two-for-one
basis,
1947, which will bring the total outstand-
certificates.
The
Its-shares
v
The
each
^
and. provide
brings
will
Feb.
1947—Month—1946
165, p. 212.
It
authorized
representing one additional share for
17, 1947, will be mailed as
promptly as
reqtpmng, the surrender of
outstanding stock
of
//
W. W. Garth, Jr., President, on Feb. 10 announced that the corpora¬
has acquired the New England Lacquer Co., of East Providence,
displays,
the
Certificates
as
•
Corp.—January Sales 3.2% Lower—
after
complete newspaper mat service,
in
200,000 shares to 600,00O
shares,
^
%
.
1,238
Chemical
advertising, window and store
booklets, a retail sales training
consumer
^.aSalle-Wacker
.
capital
capital of Lehigh the 58,255 common,
This would create a capital surplus of
shares of Lehigh held by the public
common
tion
R.
and
assets, including $14,584,867 in cash, amounted to $81,708,312i while current liabilities were ^35,361,305. These compare with
current assets of $66,848,863, including $19,737,033 in cash, and currenfc liabilities of $27,513,202 a year earlier.
Provision for federal
taxes totaled $8,271,500—V. 165, p. 811.
_
Jaeger Machine
'
the
to
owns.
Lithomat Corp.,
Current
* with
This'com-
$28 80
was
$34 09
'
it
charges and
Earned per common share
at the end of the year totaled $63,025,926
$42,867,852 at the end of 1945, an increase of 47%
due largely
tn. increase in price levels. Inventories were written down
$811,750 to reflect known reductions in prices. In addition, $1,500,000
vvas set aside as a reserve for possible inventory losses.
companv
outstanding
sheet on that date
balance
*£
Lindsay & Co., Ltd.—Calls 6% Bonds—
Bank
of
sales
compared
this
of
'
.
treasury.
donate
Calendar Years—
Net
Company—Earnings—
,
Merchandise
$24,373
owned
with
pares
—V.
31,
se-
company
Royal
program,
complete
taMS
#
net asset
its
212.
p.
consumer
Years Ended—
(Ihe) Investment Co. of
America, Los Angeles, Calif.
—Asset Value—
The
stockholders
own
Lindsay Light & Chemical Co.—Earnings—
transportation
Corp.-Earnings-
1596.
to its
step in carrying out its dissolu-.
Commission's order of Aug. 23,,
the
has called for redemption on March
1947, all of its
outstanding 6%
30-year first mortgage sinking .fund gold .bonds dua
March
1; 1958 at 105 and interest.
Payment will.be made at The
1946
$
EARNINGS
__Tr
with
$5,660,429
"This
extensive
furniture
It
program.
for
Kroger
Net
Interstate Engineering
its subsidiary, Lehigh Valley
plan for rearrangement of
exchanged for a like number of new common and the
of Lehigh held in its treasury would be cancelled.
(S. W.)
w
run
in April, May and June with ten
full-page
appearing in "Life,"
"Saturday Evening Post,"
educational pieces, dealer identification
brochures and other merchandising helps.—V. 162,
211.
p.
in
would
Lehigh
165,
ihan
shares
be
—V.
Production—
consumer
555,000
$1,310,860
preferred
further
a
Sales
Companion."
radio continuily,
'45
$922 870
taxes__II__I_.810,000
Co.—Resumes
Homes
provides
car-cards
28
ads
"Better
conjunction
Kroehler
Corp.—Earnings—
will
bleed
"Woman's
etc.
$2 120860
Mfg.
campaign
advertising
Dec
as
compliance
Lerner Stores
resumption of production after a five-month strike, this
furniture
manufacturers,
announces
the
most
extensive
"Collier's,"
to
purpose
for
space,
profit
income
Numbei
have
receive
in
Canada, in Canadian funds.—V. 159,
full-color
,
Bakeries
Federal
shall
be
office
.
52 Weeks Ended—
Operating
one
a
be
cumulative
on
and
SEC
the
National will distribute
plan,
Period End. Jan. 31—
national consumer advertising campaign in its history.
According to L. W. Keller, Advertising Manager, this is believed to
the biggest national consumer
advertising planned for 1947 in the
furniture industry.
r<«
tt<-i
Foiming Co., Inc.—Flies w-iu SEC
With
a letter of notification with the SEC
^'w7.,filad
4V2/'
-
•
preferred, (non-voting) stock
s^ares of common stock (no par). Gordon
jvcw York (although not technically an underwriter)
!?
securities. Price, preferred, $10; common,
Ju
=
«
shares
"fs;
.
*
Rnll
Roll
on
■
Lehigh wouid Sell 13,769 shares of Pennsylvania Power & Light Co.
preferred and apply proceeds to retire its bonds.
^
The
plan also provides for merger of Lehigh with certain of its
subsidiaries.—V. 165, p. 812.
Increased 7.9%—
$10,701,807
_
company,
lor
Light Co.
with
n
Kroehler
Payment or nonpayment of
p'
'
of
4 V2 %
above
sahl^"dividend1"—V^ies^o foj,delay in
&
filed
$2,913,000. The 454
common
pay
1946
1947
_
1fic
;
"
of
would
$15,712,824 $14,374,227
stores In operation, as
the
Month of January—
Henry J.
$0.21
structure.
will
shares
about
9.3%1947
<s- H-> Kress & Co.—January Sales
of
Power
have
the
it
National
company had 696
corresponding period of 1946.—V. L65, p. 211.
the
Cq.
shares
enable
period,
'
'
.
ferred
Corp.
fT*
/C1
'
'
Lehigh would retire its.$4,915,000 of 5% refunding and improvement
bonds. It would exchange 545,610 shares of new common,
(par
$4)
for
98.349
shares
of
its
5%
preferred held by National
thereby creating a capital surplus of $2,735,000.
Lehigh also will retire the 141 shares of its preferred stock owned
by the public through payment of $90 a share, and cancel 1,102 pre¬
Kentucky Utilities Co., as a contribution
Kentucky to carry out its 1947 conwhich will require in excess of $6,000,000—V. 165,
program,
the
$0.18
•
Valley Transit Co.—National Power & Light
Dissolution Program— ^ -
program
1941.
,
subsidiary,
stock
against 703 in
trust
the
pay
,T
recorders^
tax. carry-back
National
Under
be
Authority for Notes-
parties until Feb. 20
by the company.
financing
sinking
to
'share
per
voting
to
company
holders
In
voting trust certificates
at
the close of business on Feb,
18, 1947.
*
'
Tucker, Jr., Treasurer, on Feb. 10 said:
"Payment of the
dividend will
be
subject to all applicable
exchange control
regulations of any
Government, and, if caused by such, the
company
of
„
(S' S'> Kresge Co.—January Sales Rose
Trustee
as
$10.50
of
all
Month of January—
final
$0.09
Lear,-president,
Lehigh's capital
697,000
curities
Sales
ninth
a
its
capital
539
p.
3,000,000.
on
mortgage
with
4>/2%
struction
entire
authorized
declared
The
treasury
have
3292.
p.
Co.—Seeks
bankg
Middle
to
August.
the
of
company
bankruptcy of 2.1874% which Irving Trust
Co.,
-Bankruptcy of International Match Corp., has been
of
n
proceeds,
$1,500,0001 to
Mill
^
upon receipt by the
use
City will
Middle West Asks Authority for Loan—
The Middle West Corp has asked the SEC for authorization-to
..
has
use
tQ
of
•
pay)
a
gell
of
International Match Realization Co., Ltd.-Ninth
Dividend in Liquidation—
y
* u"
-^e T1!601®1'5, 'contingent
dividend in
to
proposes
Kansas
outstanding,
par),
164,
„
proposed
on
tQ
wil1
Increase
Newport
Hardy-Burlingham Mining Co.,
(no
........
subsidiary
The figures also
compare with sales of $40,810,028.22
fiscal year ended Oct.
31, 1946.—V. 165, p. 338.
in
,
$5,406,000
'
recent
vision
stock
purchase,
The SEC has Siven interested
hearing
m'a7n
Detrola Corp* (& Subs.)—Sales
n -Jan'31
$59^4^3°nt$2~2094i686 $17,582,893
$9,549,963
$2,209,186
"
the
Kentucky Utilities
To Retire Bonds—
ji,*//
j*te™a*ional
Sales110
Continental
Transit
of
wire
P.
year
Lehigh
tih
4 194
n'n<s
ci9R9qt
inclusive.
Continental.-V.
,
159,948
115 906
->0894
qu.qj*
1949,
common
by
$434,207
107,100
«qr
'
owned
$619,963
Co. Files Plan for Lehigh in
tion
116 956
3508
to
consummation
shares of
726,001
$379,764
28*964
685
'
$1,160,208
130,300
(net)
income
;
$413,050
Upon
59,875
charges
Net
ooo'eef
832,551
1947
funds fcr the Purchase.
777—
,1943
,
87,873
$564,328 I
.
produc-
assembly line in June. By September,
line fully tooled up and built 1,129
stepped up to 2,193 cars in October
Holidays and a shortage of engines
assembly
Production
to
from
^
DeC-
Fed-
deductions
Fixed
J
4
105 569
than
income)
Other
—V.
$296,202
,
.
,
oi"o'oln
913,860
Q«n'ooo
960,932
rcvenues__
PYnpnsps
oper.
Taxes
5,
expenses—
onpr
opei.
Net
„
6arS
"771
7,
r.r,r,,.
Tot"l
Total
,r
^
n
■Tntni
INCOME
,
$280,705
announced this estimated loss is after
approximately. $2,250,000.
The com/
pany's accounts for/the year are not yet completed, and the annual *
report to "the stockholders will not be available for distribution-until
>
early in March. After absorbing the year's losses, it is estimated the
Company's net working capital will be substantially $3,000,000.' - "
In making the
foregoing- announcement/ Mr. Lear pointed out that'
material and component part shortages which prevailed in the radio
industry during 1946, together with large expenditures for research
And • development,
including the,' automatic; pilot variable condenser,1'. '
record changer "and wire recorder projects, were major factors in con- tributing to the year's loss. While no definite predictions can be made
as to 1947
operations, he reported the .company now has a back-log in
V:
excess
of $6,000,000 scheduled for early 1947 production.
The com¬
pany anticipates volume production in 1947 of its newly-developed wire * "
recorder units, which will.be in addition to the announced back-log ol
orders and other anticipated business.—V. 164, p. 1723.
■ <;
•' ^
prior
a
additional
<
/./ 294,602
operating loss of $675,000 for .19.46 is anticipated by the company,
of
aircraft radios,
special aircraft accessories, home
William
day's
SEC an application for
authority
issue and sell to its parent, Continental Gas &
Electric Corp., 172,000
common
shares for $3,500,000 in cash.
Proceeds will be. used by Kansas City, for construction of
facilities
to
$1,002,438
273,348
30,126
1429.
radios,'and
The company filed Feb. 7 with the
'
163, p.
An
the
by Edgar F. Kaiser,
line last
line
4,089 units in November.
held December production to
3,867 units.—V.
8
share
stock—:
-
$867,802
•
115,980
:"
per
of
$396,685
$983,777
18,661
Lear, Inc., Grand Rapids, Mi^h.—Estimated Loss—
The
off
Kansas City Power & Light
Co.—Proposed Stock Sale
15
Dlckson & Co
•
to
up
percent¬
D0UitSr,&iCo'~"c
FoiinQhiQ
Equitable L i
Securities Corp.__
entire
an
Eight months ago Willow Run
tioii with only nine cars from the
follows:
as
January,
3,867, and
._i—
taxes— l
—11—
profit
shares
—V.
new battery of giant presses, the most modern in the industry,
went into °Peration during January and increased substantially the
company's h°dy stamping-facilities/ Also during January several new
sub-assembly carousels and monorails were put into
operation.
nnn chR
for
1,048,564
manufacturer
with the completion
has
Net
Units
cars
33,567
investments
Depreciation
ttv>Ho
line.
$834,236
38,289
203,435
$2,032,341
$1,734,910
900,674
$358,396
...
income
FroVision
Plant's
one year irom
date
to $550,000 at Oct.
31, 1946, to $250,000 at Dec.
31, 1946, and to
$350,000 at Jan. 15, 1947.
It is expected that approximately $350,000 to be received
by the company from the sale of the
s.ha.res of commcn stock now
offered will be applied to the
payment of
these bank loans.
of stock
Ann
4,089
tion
Snn'nnn
i97r
from
1944
157,365
999,508
Operating profit—.—..
Total
1945
—145,315
$1,357,904
Operating cost3 "
Frazer automobiles during
December
production of
Vice-President and General Manager, who added that
shipment of 705 automobiles was mkde on Jan. 31.
.issuance amounted
age
n
and
its grand total of automobiles produced
previous month was November when
assembly
FINANCING
NOTE—Bank loans which mature not
later than
of
corporation
best
the
bullion—
1946 between this
brought
The
sources.
substantially
otDr-anM-n
TO
hnnd*
*Dec 1'
stock
rrv-,
EFFECT
,2m nffiS99
Series B
r°:
v™DI,pT
GIVING
Forst mortgage sinking
Common
1946
a,to„
These production figures were released
'CAPITat T7ATTAM
CAPITALIZATION
h
miscellaneous
of
same.
SeriSav?
operating revenue of
approximately 37% from
treated
of
Value
Earnings
i-.,.,,,,
Manufacturing 7,141 Kaiser
the
service,
approximately 5%
for
of
ore
Gross
SEC
Income
January Production Over 7,000
37,792
.
1946
Dry tons of
Additional Shares-
corporation and Graham-Paige Motors ^d308®-"
Corp.
.
pamaque Gold Mihes, Ltd. (& Subs.)—-Earnings—
Years Ended Dec. 31—
,v/.../■
The bQay<i of 'governors of the New York Curb Exchange on Feb. 5
approved for listing 750,000 additional shares of $1 par common. stock
"the
are
%/
Kaiser-Frazer Corp.—To List
Virginia
by
in 27
exchange areas, including exchange areas in which
approximately 90% of the company's telephones in
company
located
.
x
during6 the^y^an t0r S"Ch constructlon work
tions
"
•
present
shareholders at $4.25 a share. Unsubscribed shares will be offered to
a
limited group without
underwriting... Proceeds will be used to reimburse company for cost of plant construction,
may
COMPANY AND
BUSINESS—Comoanv
Jan. 20, 1922.
engaged
•>
The company on Feb.- G filed a letter of notification with
the
'for 70,GOO shares ($1 par) common
stock, to be offered to
.
$5,232,384
$5.52
$2.98
"
•,
$2,774,138
"""•>•
'
$1.15
$1.74
"
.
%
•
^
•
-
,
'•'
;
.
ty/iy■ ';'• '.'iVv-;?/.'«'.-./■■
,4940
THE. COMMERCIAL
»Wiw>
;/V'.
:•
registration statement with the SEQ
i>r for 25,000
sharei V$10 par) common being sold by the company and
an unspecified number of shares of the same stock to be sold by stock¬
holders. ^Underwriter, The Wisconsin Co., Milwaukee.
Company will
t offer
its shares for subscription to common stockholders.
The shares
being sold by stockholders as well as unsubscribed shares of the coma pany will be purchased by underwriter.
Net proceeds to company will
-added to working capital, some of which may be used to finance its
p;-.program- for expansion of manufacturing facilities.
.
bit Peb.Jo filed
>The company,
>
,
SEC
Milwaukee, Wis*-~Registers With
Co.,
\
&, FINANCIAL.. CHRONICLE
Oct.
ended
there
1946
31,
was
a
p.
812.
$286,531XW. 165,
surplus df
,
.
t
*4;
Period End. Dec.
Years Ended Nov. 30—
165,
75.
p.
Rise—
Melville Shoe Corp.—Retail Sales
3jl—
$1,164,705 $13,649,684
1,033,595
6,726,944
$13,635,367
138 916 Cr'1,215,450
2,111,835
1,090,025
75,515
867,000
896,355
866,304
1,206,080
2,429,000
revenues
$1,222,657
Operating expenses
Ft Federal taxes
678,144
%»r Operating
Other
68,534
taxes
105,500
ci
Prop, retir. res. approp.
■V; Amort, of utility plant
;.> acquisition adjust.
rf
Net oper.
21.413
21,413
256,958
250,958
$210,150
$382,632
$2,451,512
in
:
$2,449,609
3,491
49,473
$222,798
$386,123
41,550
42,003
502,673
508,522
1947—12 Mos.—1946
165,
212.
p.
19,291
64,681
67.379
.
(Cr}
—V.
$1,930,924
$1,124,313
356,532
356,532
stock
75.,
p.
incl.
Operating
exps.,
depreciation
185,000
201,954
$116,374
$168,949
$2,619,777
2,221,494
$398,283
$2,697,413
2,105,000
$592,413
$301,374
operating income
♦Accrual
$370,903
>.#
.
per
stock
3'/2%
due
series
1969—
payable
Accrued
deposits
general
Federal
taxes
income and excess
profits taxes
-—
advances
deferred
credits
Earned
income.—V.
—V.
165,
week ended Feb. 8, 1947,
totaled
with 26,384.000 kwh. .for the
'^ corresponding week, last year, an increase of 25.0%. Output for the
.*» 52
weeks ended Feb.
8, 1947, totaled 1,502,843,000 kwh., as^com7 pared with 1,388,905,000 kwh. for the previous 52 weeks, an increase
otof 8.2%.—V. 165, p. 812.
output of this company for
32,991,000 Jcwh., as compared
419,033
1,446,364
36,536
for
V'Prov.
,HNet
♦•
per
164, p.
2,358,060
5,411,746
$1.70
$1.31
$3.03
$2.22
share
'
com.
2156.
Sales Increased 6.1%—
$2,799,990 $49,054,120 $43,494,987
$2,970,410
165,
343,733
11,121
construction
McQuay Inc., Minneapolis—Files With SEC—
The company bn Feb. 6 filed a
for. 1,770 shares :C$1 par ) common
notification with the SEC
covering 500 shares
Str of* the same stocik. Roy J. Resch, President of the company, and
:
<3eorge Kelting,, Vice-President, desire to sell 770 shares and 1,000
■shares, respectively, of the common stock to Loewi & Co., Milwaukee,
;.at $6,25 a share.
E. H. Seelert, Secretary-Treasurer, desires to grant
rn>option to Kelting for $1 whereby the seller will agree to sell to
'-Kelting at any time within a year all or any part of 500 shares of the
.
at
common
$6.25
share—V.
a
letter of
and an
165,
option
212.
p.
750 shares
Feb, 3
on
($1
filed
letter
a
capital stock,
par)
to
of
notification
be scld
with
the
SEC
behalf of Thomas
on
Selser, a director, to Dean Witter & Co. at $18 a share, to cover
chort account for sales previously made to public.—V. 165, p. 812.
Magma Copper Co.—Doubles Quarterly Payment—
.
The directors
Feb.
on
10
declared
dividend
a
cents per share
of 25
on the capital stock, payable March 15 to holders of record Feb. 27.
M- Dividends of 12 Vs cents per share were paid in each quarter of 1946
?
and'1945.—V. 164, p. 3145.
sales
on
Feb.
10
declared
quarterly
a
dividend
of
cents
25
'HperJ®nare on the approximately 500,000 shares of capital stock out¬
standing payable March 15 to holders
the-following distributions were made:
of
Jan.
record
2,
Feb.
in
£ a. 20% in stock; and July 1, Sept. 1 and Dec. 15,
^ cash.—V. 165, p. 540.
Marquette
•
,
Cement
Manufacturing
Last
year,
cash;
June
25.
cents
25
each
cents
25
Co.—Places
in
Loan
-privately—The company has placed privately a $5,000,§gpf00 20-year loan, bearing interest of 2V\% for first 10
and
years
3%%
thereafter.
Loan
matures
$250,000
annually.
Proceeds
will be used to finance the
acquisition of the plant of
/'..Bermltage Portland Cement Co. at Nashville and Cumberland Portland
^Cement Co. at Cowan, Tenn., and a limestone
quarry at Martha Tenn.
.
as
source
a
of
Maryland
^
i
materials
raw
at
the
Nashville
plant.—V.
p.
123'.
Casualty Co.—New President—
William T. Harper, Senior
Vice-President, has been elected President,
has been with the company 35 years.—V,
He
164, p.
-
1087.
*
i
-
Springfield,
yh Mass.—Dividend Schedule Continued—
/X- The
-
,
X
company has announced that
>
.j
the 1946 dividend schedule will
j0n^,
through 1947. Over $12,000,000 has been set aside
jfTl Pa,yfiJeh'i8* Interest of 3% will be credited during the
dividends
left
;
the
cubic
feet,
reasons
it
.$108,161,2015109,137,453
3293.
and
with
the
company
be
of
increase
an
At
of
close
the
the
in
November,
1946,
year
which
Inc.—Stock and Notes
been
facilities,
in
greatly
the
in
fAivMon of the Massachusetts Department of Public
iE has qualified for sale in the State of Massachusetts $225,000
5?;«year tti
notes ana 45,000 shares of common stock. These
securities will be offered for
u
sale "in
notes and
consisting
of
$50
par
of
at $66 per unit.
As
result
a
utility plant accounts of the
a net increase of $3,734,000, after
the amount in these accounts at
after
The
the
the
of
Co.
of
storage and transmission plant
'
the properties of West Michigan
production,
acquisition of
11, 1946, the
Dec.
on
approximately
been
served
Mt.
$2,200,000
Shares of
new
for
Pleasant Districts.
the completion of all of the above described pipe line faciU
Michigan Consolidated Gas Co. expects to receive an adequate
supply of natural gas to meet the greatly increased requirements in
its operating
districts.
Subject to governmental authorization, the
company
also agreed to acquire the capital stock of Austin Field
Pipe Line Co.
ACCOUNT FOR YEARS ENDED DEC. 31
INCOME
1946
Gas
$33,214,271 $31,483,590
10,642,461
9,062,808
(gas?
revenue
purchased for
resale
:
1
Maintenance
and
of
therefor
and
to
be
plan,
reserved
and
for
conversion
15,500 shares
of
of
Federal
return
basis
taxes
^
Reduction due to inclusion
owns
for
and
operates
hire
of income of
steamships
and
other
vessels
for
Amort,
of
o/^L?e^peri0d
a
net loss of $158,723.
For the six months
Net
debt
665,802
875,700
62,150
$926,003
$119,174
$78,782
$1,759,743
22.588
on
275,095
22,807
272,477
Cr35G
Cr4,260
Cr4,301
532
Crl,970
Cr21,350
$99,633
pre.
Cr353
Cr2,694
long-term
$55,799
$1,493,496
$676,560
10,049
10,049
120,594
120,59*
$45,750
$1,372,902
$555,960
debtdebt
Other deductions
income
pref. stock
$89,584
Balance
V.164, p. 3415.
Mississippi Power '& Light Co.—Earnings—
Operating
Oper.
$11,130,391
1,954,702
64,865
11,671
1,296,371
850,512
74,000
61,000
828,000
732,000
$252,110
$294,365
$2,291,874
$1,715,183
151
959
1,747
14,037
$295,324
31,250
$2,293,621
$1,729,220
375,000
retirement
appro.
—
revenues—
oper.
income
mort.
on
Int.
Net
Div.
income
dividends
dividends
119,060
259,116
90,115
Cr69,511
Cr6,32*
$238,012
$1,609,956
266,856
$1,011,313
266,856
$1,343,100
$744,457
income
to pref. stock
app.
Balance
-V.
(Cr)
259,116
21,593
1S5, p. 76.
Trusts Of¬
and associates on *eb.
13 offered $3,900,000 2% equipment trust certificates at
prices to yield from 1.05% to 2.30%, according to matur¬
ity. Associated in the offering are Otis & Co. (Inc.);
R. W. Pressprich & Co.; A. G. Becker & Co. Inc.; Juhen
Collins & Co.; First of Michigan Corp.; Freeman & Co.;
The First Cleveland Corp.; McMaster Hutchinson & Co.;
Mullaney, Ross & Co.; F. S. Yantis & Go., Inc.; Mason*
Moran & Co.;. Alfred O'Gara & Co., and Thomas & Co.
Missouri-Kansas-Texas
RR.—Equipment
fered—Halsey, Stuart & Co. Inc.
The certificates were
awarded Feb. 11 on a bid
coupon, were received at
of
the sale. They were.
Harris, Hal & Co (Inc.) 98^
Certificates are to be dated March 1, 1947 due $260 000 annually
March 1,, 1948 to 1962. Issued under the
p;%
and dividends (March 1 and Sept. 1) payable m New York City. Denom¬
ination $1,000, registerable as to principal. Not redeemable prior to
Hutzler, 99.10; and
&
Salomon Bros.
to be
Certificates are
unconditionally guaranteed as to
payment of
mission.
$4,312,287
4,964
$4,317,251
1,330,000
23,761
ICC Approves
32,789
71,139
$2,904,986
the company. Issuance and
Interstate Commerce Com¬
$5,000,000 Promissory
Note—
approved the issuance by the company of a $5,000,000
promissory note to the Republic National Bank of Dallas Tex
Pro¬
ceeds will be applied to the purchase of the road s
At the same time the company is permitted to set aside $10,000,000
of series F prior lien 4%
mortgage gold bonds to be pledged from
has
^standing bonds
21,663
190,000
2,325,162
:
7,931
Cr3,462
$235,578
to cons
562,965
$3,462,716
190,000
deductions
22,487
21,593
deduct.
and
int.
chgd.
375,000
721,62*
Cr58,647
adjustments—
acquis,
Other
bonds—
plant
utility
of
Amort,
$252,261
31,250
income
Gross
Int.
6,006,882
83,871
,
taxes
reserve
Other
$1,100,060 $12,296,042
649,153
7,029,285
41,125
>
taxes
Property
Net
749,511
taxes
exc,
exp.
Other
$1,181,611
revenues
Federal
1946 12 Mos. 1945
1946 Month 1945
Period Ended Dec. 31—
4,182,165
54,341
premium & exp:
Earnings per common share
m
717,872
99,222 j
139,628
16,299
discount,
income
Preferred
1,544,401
principal and dividends by endorsement by
sale are subject to authorization by the
236,194
(net).
interest
Miscellaneous
54,000
taxes—j
income
on
90,991
117,104
}
income
Net
417,000
4,500
acquis.
taxes
Federal
Dividends
506,000
'
General
of
34.750
1,725,539
$4,839,595
Common
Oct. 17, 1945, date of incorporation, to April
plant
on
2,483.533
42,166
adjustments
Amort
196,575
2,534.696
63,421
$4,603,401
income
General
1946, the company had
Amort,
Int.
$6,098 890
281,734
expenses —
for
depre.—
Gross
$6,448,011
2,723,217
com¬
in consol. tax returns of parent cti. (Cr)
stock
of
Provision
of
$500,320
$564,679
revenue
Operating
1946 12 MOS. 1945
1946 Month 1945
Period Ended Dec. 31—
Gross
The ICC
Other
the common
Payments last
cents; Sept. 12
of 30 cents.—
165, p. 213.
63,421
payable:
warrants.
company
transportation
and
V.
2,848,286
preferred
common
year
2,230,078
plant acquisition adjustments
miscellaneous
Federal income and excess profits taxes
Separate
7,365,963
-1,031,503
1,928,349
utility
local
provisions
10,105,929
2,511,627
1
State,
Co.—35-Cent Dividend—
share has been declared on
per
payable March 10 to holders of record Feb. 24.
were as follows: March 14, 20 cents; June 10, 25
Dec.
12, 35 cents each; and Dec. 30, an extra
bids, each naming a 2%
1945
1,330,000
common
financing
dividend of 35 cents
subsidiary at Philadelphia, Pa.,
industrial control devices made
812.
p.
West
by
With
Operating
165,
stock,
Michigan Consolidated Gas Co.
of property to its utility plant and
Michigan Consumers Co.
The firm gas con¬
sumption of these
customers during 1946
amounted to more than
900,000,000 cubic
feet.
On Nov. 30, 1946, the Federal Power Commission entered an order
granting to Michigan-Wisconsin Pipe Line Co. a certificate of public
convenience and
necessity for the construction and operation of a
natural gas pipe
line system, comprising (a) a natural gas trans¬
mission pipe line extending from a point in Hansford County, Texas,
to its terminus at. the Austin Storage Field, near Big Rapids, Mich.;
(b)
the Wisconsin branch natural gas transmission pipe line;
and
<c) lateral natural gas transmission pipe lines in Missouri, Iowa and
Wisconsin.
The certificate also provides for the operation of existing
facilities in the Austin and Reed City storage fields and certain pipe
lines (in Michigan)
now owned by the Michigan Consolidated Gas Co.
Under a contract, dated Dec. 9, 1946, between Michigan Consolidated
Gas Co., Michigan-Wisconsin Pipe Line Co.
(subsidiaries to American
Light & Traction Co.), and Austin Field Pipe Line Co., the last
named company agreed to construct, for operation by Michigan-Wis¬
consin Pipe Line Co., the pipe line facilities in Mich'gan necessary
to
transport natural gas from the Austin
and Reed City storage
fields to the city gates of the Detroit, Grand Rapids, Ann Arbor and
passengers, freight and mail. Paul E.
Thuriow, is President, George W. Waters and Samuel L. Gwin, VicePresidents
and George W.
Sargent, Assistant Treasurer.
Directors are
Paul E. Thuriow, Ralph Hcrnblower, Russell B.
Stearns, Palmer York,
George W. Waters and George A;nCrowell.
30,
program
n* thtre
the
reserved
construction
expanded its gas distribution operations to include the sale of casinghead gas to the industrial customers in the Muskegon area who had
pany
ve. a!so been ^ualified for sale 20,000 shares of
«^^vPar' Pre^erre^ stock, 45.000 common shares now outstanding,
Shares of common reserved for conversion of the preferred,
.J 14,000
.
units,
ten shares of $1 par common
stock,
JVl
X^
:! .svjriio-H
the
Michigan.
Amort,
A-,
ReporW-^ft}-, ■
President,.
curtailed
supply
and natural gas
Depreciation
Qualified in Massachusetts—
Co., a wholly-owned Honeywell
continue to supervise sales of the
will
during
the war years due
to
material
and labor.
Although the
scarcity of certain materials continued throughout 1946, the company
made every effort
to expand its facilities to meet the requirements
of its customers insofar as possible.
Total construction expenditures
during 1946 amounted to $6,557,000.
The major expenditures were
for
distribution
mains,
services,
meters,
liquefied
petroleum
gas
had
has
Sweatt,
by the Brown division.—V.
of
restrictions
this company.
Brown Instru¬
Morley
W.
ment
always
1945.
amounted to $98,398,000,
and adjustments,
over
the preceding year.
During 1946 the company resumed its normal
company
end
been elected a Vice President of
President, announced on Feb. 12.
Morley, Vice President in charge of sales for the
M.
Mississippi Power Co.—Earnings—
to
fgS Massachusetts Steamship Lines,
.
not
alphabetical
alphabetical
19%
on
accumulate, and on policy proceeds jeft '.vith the company under settlement options.—V. 165, p. 687.
L.
Harold
is
1946
$1,035,000
339.
p.
Minneapolis-Honeywell Regulator Co.—New V.-P.—
and
Rapids.
Big
for diviyear
165,
increased
1946
year
effect
into
15.1%—
1947
Minnesota Mining & Mfg.
Operation
"
cents' each;
This rate reduction
to
the company's customers in Detroit and Ann Arbor followed the
reduction ordered in the gate rate of Panhandle Eastern Pipe Line
Co.., which became effective in November, 1945.
Savings to customers
resulting from the company's new rate schedules amounted to approx¬
imately $4,500,000 during 1946.
At
the
end of
1946, the company was serving 609,864 customers
in
eight
operating
districts
in Michigan—Detroit,
Grand Rapids,
Muskegon,
Ann
Arbor, Mt. Pleasant, Ludington, Greenville-Belding
put
12,586
pay¬
Payments
ities the
V"
m Massachusetts Mutual Life Insurance
Co.,
■
128,
share,
1947.
increase
Consumers
(The) Magnavox Co.—25-Cent Quarterly Distribution
The directors
25
per
Total operating revenues for 1946 increased 5'/2%
over 1945.
principal reason that revenues did not rise in proportion to the
in volume of gas sales was this company's voluntary rate
1945.
2,559,196
$1,191,000
—V.
possible.
during
46.016,330,000
added
,
12,
Chairman, and Henry Fink,
Jan. 29, said in part:
-
on
Macco Corp., Clearwater, Calif.—Files With SEC—
The company
mechanical
retirements
W.
cents
liam G. Woolfolk,
the
for
as
1,497,500
384,260
aid of
surplus
333,310
357,813
reserves
Miles Shoes, Inc.—Sales Show Increase of
A
reduction
212.
P.
50
March
Michigan Consolidated Gas Co.—Annual
The
1947—12 Mos.—1946
1947—Month—1946
Period End. Jan. 31—
of
record
to arrange companies in exact
However, they are always as near
position
Gas
££ales
-&V.
$
4,050,485
^McLellan Stores Co.—January
•
order.
3,024,316
taxes.._
profit
Earned
^-V.
Fed.
5,276,565
dividend
of
follows; March 29 and Oct. 8,
of 75 cents.—V. 162, p. 1172.
NOTE-—For
possible
2,252,249
taxes
as
extra
an
a
stockholders
to
14,916,045
347,000
791,000
injuries and damages
164, p.
Mr.
92,607,477 177,985,386 164,253,812
5,365,733
9,229,520
9,199,763
3,007,673
3,817,774
5,149,278
95,798,358
•
Net-before
$
$
$
sales
I 'Net
27,
31
were
year
Dec.
1946—6 Mos.—1945
1946—3 Mos.—1945
Period End. Dec. 31—
March
declared
have
directors
The
Subs.)—Earnings—
McKesson & Robbins, Inc. (&
J
50-Cent Dividend—
Miami Copper Co.—Declares
last
41,040
33,206
16,396,622
u
•
Sales
able
263,844
687.
p.
Output—
the
l Electric
393,390
4,348,167
473,007
25,568
Period from Dec. 30 to Jan. 31—
Louisville Gas & Electric Co. (Ky.)—Weekly
t
1,196920
and
interest
annual
100,796
547,253
construction
depreciation
for
4,000,000
-
38,000,000
1,370,814
liabilities
for
Maintenance reserves
Miscellaneous
$38,752,700
473,007
outstanding bonds, less expenses—
on
Reserves for
sinking fund charges on bonds and deben¬
stock including those, payment of which is dependent upon avail¬
♦Of
366,303
262,623
100,796
38,000,000
763,000
1,829,699
384,044
356,598
3,239,967
interest
Total
Net earnings
,
$38,752,700
4,000,060
share)
$100)
(par
bonds,
Contributions in
Net
138,281
141,086
payable
Reserves
11,475,065
13,944,407
1,095,817
1,260,881
able
$767,781
$1,574,392
.—
165,
mortgage
Other
1946—11 Mos.—1945
$1,466,720 $16,641,820 $14,094,842
1946—Month—1945
$1,562,255
earnings
733,515
681,725;
—w
(par value $14
preferred
on
Customers'
ture
Balance
B
14,937
1,894
$142,053
$162,043
,
preferred
.
13,156
86
—
stock
preferred stock
Premium
Premium
(Expressed in Canadian currency)
Period End. Nov. 30—
Gross
1,213,065
expenditures
charges
Miscellaneous current
Ltd.—Earnings—
1,253,837
516,187
LIABILITIES—
Common
4%■%
Accrued
Interest charged to con¬
struction
issues
1,197,050
2,727,916
1,955,503
$108,161/201 $109,137,453
Customers'
$74,407,200
$5,009,100 $103,010,900
Mexican Light & Power Co.,
300,057
180,091
35,132
expense
conversion
Accounts
Sales Up 28.8%—
1947—Month—1946
$1,982,636
ii, Axiiort, of aeot aiscount
urand
four
the
cover
4,103,041
5,250,000
Miscellaneous deferred
First
7,787
$2,499,082
O Other interest & deduct.
will
released
$1,974,849
$382,632
12,670
)C? Gross income i—si—
7';-'inter, on mtge. bonds—
reporting sales
four and five
four,
and
Mercantile Stores, Inc.—January
$6,452,700
refunded
to
32,823/ZC/ gS,913
3,569,444
Government
Total
instead of by months, as in previous
figures next to be
22.—V. 165, p. 339.
The sales
yieeks ending Feb.
years.
Sales
$210,128
(netj
,
weeks
five
1
—£
—-
Notes
jDrl,903
Dr22
and
four
1946, T?>, S4,:.'1945
——;n.r-^:$98,398,^235 |H«64,102
States
able
Gas
business days.
23
six-month period,
each
Period End. Jan. 31—
leased
',> Operating income
f
four^
of
periods
weeks
—V.
ft Other income
tFor
days.
corporation has this year changed its system of
The
to
$1,974,849
—
revenues.._
•Jfr Inc;;« from plant
Ir'z'i to others
7,018,231
business
22
♦For
"
'
obligations
:_v
Accounts receivable, less reserves of $349,160
and
$345,432,
respectively
Materials and supplies
Prepayments
Debt discount, premium, and expense, applic¬
Jan.1 to
Jan. 26/46
*$3,005,876 t$2,984,958
___£
sales
Retail
"
"
United
$808,135
$0.88
Jan. 25,'47
1946—12 Mos.—1945
'
Cash
1945
$2,803,166
$3.07
profit after all charges and taxes——_—
Earned per share
—V.
-
1946
-
Net
BALANCE SHEET, DECEMBER 31
i,
"
ASSETS-^
Utility pliant
Ihvestirients
May McEwen Kaiser Co.—Earnings—r
'•
Co.—Earnings—
1946—Month—1945
m.... O
-■■■
Jan. 1 to
^Louisiana Power
..
a
Light
&
.
.
;
Monday, Fefrrwafy 17, 1947Me^
, .,
-""Vnet income transferred to earned
'£rg:itri*ag.1
2,325,162
$1.18
$0.98
time
to
time
as
collateral security for the
Monsanto Chemical
note.—V. 165, p. 688.
Co.—To Redeem 64,000
Preference
Shares—
The directors
sheres
of
the
redemption on March 25, next,
outstanding cumulative preference
have called for
company's
64,000
stock.
series^
Holders
j
of
the
called
shares have
until the day before the
*
said
%
...
.
7
...
;
.'
■
Volume
165
redemption
date;
■
wi'v--;
'
•
;
■:
'
A '
v
■
■
■
v;- /
:v'/,/:// i
•
" ■
_
Number
4569
V"'
'
THE COM.MER
941.
March 24, in tvhich to exercise their right
to convert such
preference stock into common stock of the company
on
the basis of two share's- of common'stock'for each share of
pref¬
erence, stock.
The accrued dividend of $1.04 per share wiil be paid
'New
to
shares
all
such; shares
be
called, for
cepts Alterna
To
Settle
'i
Claims—
redeemed
redemption,
converted
or
into
regardless
,
stock.
common
transfer books
for
The Securities and
;
such
from
from'
1945
$486,308
program; is
'railway—
1944
Associated
$485,038
"14'6,406,
279,650
265,349
73,277
'130,830
86,042
*38,828
5,830,859
6,642,681;
Net
railway ill
5,98,3,312
2,683,385
2,868,238
3,420,678
Net ry.
oper. income
6,501(309.
3,4p8,403
936,808
1,082,217
1,238,428
1,215,284
—
from
''Deficit.—V. 165,
i
Je&or&.numbeL of kilowatt
the^ week ended Feb,
and* 1,246,011 shares ($8 par)- common stock.-' The
to the approval of the. Federal District Court in
Electric .to. the Associated
Ga£ & Electric Corp.,
Gas &r Electric
Co.
and
^
^
Under
Other
taxes
Prop,
retir.
res.
Amort,
—
and
125,000
investments
Amortiz. of
acquis.
Net
(net)
intge.
of
3,861
13,113
1,093
13,113
13,113
$534;658
$7,176,371
••-$8,130,170
5,499
8,458
52,463
473,420
—
$543,116
$7,228,834
94,875
95,833
1,147,125
bonds
when
it
found
was
that
bids
no
to
were
be
made
int.
and
$4,312,500,
$8,603,590
1,684,556
of
312,159
2,174
Net income
Dividends applicable
25,945
300,285
62,790
$253,135
to
$109,179
preferred' stock
Balance,
result
of
$5,779,250
957,534-
—
-
•Including the
V. 165, p. 76.
tax
benefit
of
the
Per. End. Jan. 31—
—V.
$2,824,040
$2,800,000.—
month
Inc.—January Sales—
This
of
an
kwh.,
12,962,752
the
corresponding
week,
for
the, Feb, 7
week is
reported
at
204,592^000.
&
'
Electric
a
year
of
cu.
Co.
has
asked
the
SEC
for
The
SEC
said
Standard
to
divest
itself of
1941.—'V.
164,'
should
show
Mountain
States
by
why
cause
hearing for Feb. 18.
a
the
a
June
a
ratio of 85%
a
ratio
•for
Murphy Co.—January Sales Show Gain—
Month of January—
Sales
1947
company in January,
1947 had 209
changed from a year ago.—V. 165, p. 339.
in
1946,
Russell
has
the
V.
been
Mutual
ment
the
of
has
he had
Providence,
General
been
R.
I.,
a
member
"Journal"
the
of
from
to
1942.—V.
governors
of the New York
Curb
Exchange
on
Feb.
Net
5
be
to
announced
later.—V.
163,
p.
funds
sell
on
Feb.
ex-distribution:
3
announced
10
cents
that
per
on
share
Feb.
28
the
Income
on
cents per share on Industrial Stock series. The amounts mentioned
estimates of' such distributions
payable on March 15, 1947.
1946 (per share) on the aforementioned funds
were as follows:
Mar. 15
Industrial
—V.
165,
p.
stock
June 15
Sept. 15
$0.07
$0.10
.06
.06
.07
1947—Month—1946
$766,705
$6,626,989
a
letter
of
notification
$6,266,234
with
the
^National Tea Co.—Sales Show. 36.87% Increase—
■!(
22 Days
Ended
'■
Jan.
Sales
_—
—V.
;
$2,972,740
stores
in
operation. decreased
1946;to 688 at Jan: 25, 1947,—Vv.
587
746
Ended *
at
Jan.
26,
1,751,962
1,753,404
167,965
168,058
6,664
8,912
46,521
Federjal income taxes
if
consolidated
returns
Net- after; charges
Federal income taxes__j_
resulting from filing of
40,340
consolidated
surplus
$2;370,140 $2,833,667
•"958,000"'
552,000
Federal: excess' profits'
Net
1-
profit
—y;;164, p. 2550.
in
$66,991,629;
subsidiaries
investments
bond
interest
(see
contra),
securities,;$1,698,000;
interest
of
$5,8.19),
165,'* p^ 814.
r
'
:
$618,618
(at
in
$1,412,140
_—
living policyholder^
Net
$2,928,355
Neisner Brothers,
cost,
other
Net sales
earnings
1940.
.
p.
1947;
&LLJ&ZILL
—V.
$2,588,214
214.
"
r
1946,
$2,381,3
less
write
securities
receivable
down
.
$7,216,-328..
165, p. 214.
.
*
..
..
$6,4$308
of
Collins
&
Co
Dickson &
Pressprich &
Reynolds & Co.____
2,0,00
Co., Inc.Co.____
W.
2,500"
14,000'
Schoellkopf, Hutton
Pomeroy, Inc.
-:u
2,
Co.__
:'
&
6,500
Co._
1
5,0d0
Shields & Company_____„
12
&
Co.J
&
Co
and
stock
was
dividend.
See
V.
&
Woodard-Elwood
&
Co.—
165,
the
p.
public
Feb.
6
at
$102
per
814*.
•
//
1,000
2,000
to
f
American: Corp
2
Tucker,"Anthony & Co.—
6,500 ''
Union Securities Corp.—_
14,000
White, Weld & Co.
14,000
Harold E. Wood & Co.
1,000
1,000
offered
Scranton
Swiss
2,000
Monell
W.
A
.
share*..
Calls 5.10% Preferred Stock
AH
of the outstanding shares of
5.10%
have been called for redemption on March
and dividends;
a-
cumulative
preferred stock
13, next at $108 per share::
-*
/
Vft
Immediate payment of the full
redemption price may be obtained at
lemption
The Continental1 Bank & Trust Co
of New
York, N. Y.—V; 165, p. 814. ' '
York, 30 Broad St., New
;
Niagara Junction Ry.—Control
See
New
York
Central RR.
Sought, by, Centra^. ; );
aboye.—V. 163,
Noma
196."' ' *'
p.
The. board of
,
-
..
force,
a,' gain
'
-
now
•
•"
^
*
from
Noranda
This
a
,
Is
7
r
amounted to $18,000,000,
$12,000,000 have been set
the same sale adopted in
funds.on deposit, and dividends set aside
-
aggressive invest¬
program.We have pursued ,the same aggressive policy as to
real es.tate/v Except for one
very small parcel/ all real' estate acquired
by 'foreclosure was. sold during the year," Mr,*****
Smith said.*
"
;i'
an
EFFanBEE
Strip' Mills
the p:
pi ant "at Montreal/ East, Canac
/
-
"It
a Record Month—;;
Mines
the
operation of the
new
announcing the largest month in its 111-year history, the.com¬
pany, reports. that; its January- life, insurance
sales of more than
32,500,000 surpassed the old record established in December,
1938,
by $2,250,000/'
-
-
,
;
:alreadYi^eguh/^Tt jyjlf
,
M:
company/V,
will-have/financiaF control, Bridgepdrt:
Brass
to
has
a
and operations
is
planned/to produce
a
complete
line
of
copper
and
Bh:X
*
?
/1
■
brass mill
"../-'A'
'
,
In
,
formed to*:
,
ment
January
4/i
rf-
take sbmd, time." how'^"; >
adapt^the plant/ which/fwas built for production of- birass- strip
for,-munitiona/purposes)^to* the prbdufctfon bf;^®^^^ copper, and /A
'brass
products," Mr/ Murdoch said;'.'"Purchase, and installation "of
modern equipment is
being prpceeded;with as rapidly as possible."//
•
The plant is
adiacent" to two''other Noranda.
subsidiaries, Canadian A
Copper Refiners
Ltd/and/th^rp^/mill of Canada Wire &;Cable Co."
Ltd.
"Its location close to a
supply of copper :and at the head of
tidewater navigation has
distinct'advantages// Mr. Murdoch declared. ' >
ever
or ^'/2 times the 1929. figure. Surplus
liabilities, of $794,000,000,; 99.3% are made up
-
J ./i
broth^/Berhard/E;
suhstShtial^luihCWt^Intei^st;*!^' Jiiu^dp^h said/w
Possession; bf
nhe^fthf/wfcs; secured^ Jah/ 1/.1947,
on «"limited ecale Jiave
of
years we have pursued
'Of. 3^236 additiqnal^shares?ofi$k
a
5%* stock dividend pa
"
Mines, Lt^—Buys Brass Strip Mill
has'purchased-,from War Asspts; Corp.;
company
known ,as the Canada
James
Noranda
operations
;,s.
5
over and/operate, the plant. Bridgeport Brass Co;: of;
Bridgeport, fa
Conn;; a leader in; the brask. industry in the, United Stated is as
••
/"During the past:several
*'
*
,
Feb.
issuable.., against
ated'With Noirahda Mines in
:
for, 1947.)
stock
-
Assets, advanced to $848,000,000,.
"how.;.$S4,000,000.rOf
lispug; a/maximum,
Y;^Murdoch,s KjfC^ 'Rreside4t, 'auhbuhcedAoh ^
A, he^cphipany,'* Nprahda CopperBrass *tt;, is/being,
take
.
insurance
the New York Curb
Exchange on
Corp.—V: 165,* p, 814.
has
'
common
governors of
Doll. Co.,, a wholly-ownedl subsidiary. Het
and-his
Fleischaker are Vice President of Noma
Electric
than
of more
for
Fe0. 20,to shareholders of record Feb. 1, 1947,; - "/ A -/
Ne\y President of Unit:—
Walter E.: ,Fiei>chaker has been elected President of
"
the company
approved
par
:
at
•
causes-continued
Electric, Corp.—To List Additional Shares—
Management; of the
Steinkraus, President
»
dent of the new
uudef.the
--
new„ company;
of
wjll be directed by Herman W* /
Bridgeport, Brass Co., who will also b%- Presi-*.
organizationf/OperationAof the
plkufr will
he; directly
^upervlsiort/bf/I^ W:;^Butchelbi/^^ VlcerPrwideni'^in\
:ri
"■
NO. Of-,:
Shares,,.
2;00O-,j.
Mullaney,
Chas.
The
(subsidiary),
company's. 103rd aiinual meeting.
—
»!
pi
5,000
(including
'
.
(J. J.) Newberry Co.—January Sales Rose 12.6%—
Month of January—'4"'.
v • '
1946 T
Sales
S.
Inc.
$160,903; cash, $1,913,392; U. S.
receivable (including ac¬
dividend
aside
1,380,009,
Inc.—January Sales Up 8.68%—
Month of January—
R.
Moore, Leonard & Lynch-
accounts
$5,872;
$l,000,000;fnore thdn -in 1945. Dividends,
for 1947 distribution, maintaining
*554,000
$901,667; $1,024,355.
6,500
Minsch,
1946
31,
Of
Farwell, Chapman & Co.—
1,500
Hallgarten & Co
12,500
A. ,M.' Kidder & Co._
1,500
Martin, Burns & Corbett,
20,370
.
of policyholders' reserves and
—V.
$598,248
$887,147
DEC.
cumulative
5,000
Eastman, Dillon &
tax
"
SHEET
shares, of 3%%
Estabrook
$869,014
|
r:.t
Ji.
Equitable Securities Corp.-
18,133
income to
RR.—Proposed Acquisition-^
Ross &, Co
W. H.'Newbold's Son & Co,
Newhard, Cook & Co._;_:i
R.
*_
a\totaE-ol- $2,218,000,000 of insurance in
$1,000,000,000 since 1929.
>
1944,
-
-
$3.00^.vy
T4,00o
1,500
Julieri
not
were
..Meanwhile, ter-mination of policies from all
low, level)1 Mr. Smith lsaid, with, the. result- that
*
1945
$1.04472
Clark, Dodge & Co
basis of
(on
*___
annouriced'bn Feb. T2s at the
-
165, p. 340.
1946
i
v-
.50;//
;
Alex. Brown & Sons::__'___
Of the. more than'. $52,000,000, including $11,000,000 in dividends,
which were paid to policyholders and
beneficiaries;" one-half went- to
'
$1.95528.
No.
.
"
1946_____
.
.
.34824-1.00
Shares
total,.of $225,000,000 in new. life insurance was issued by this
1946, an amount greater than. the combined purchases of
policyholders in the years 1942^43,-George Willard; Smith, President,
25, '47 Jan, 26,'4B
from
year
.17412
.65176: i
1.00
.
Harriman Ripley & Co., Inc.
Baker, Watts & Co;___
company in
Corp.—Earnings—
Caendar Years—
165,
142,254
772
1
.
Nehi
$2,711,803
129,841
A
•
$0,701,797-
.32588
1946_'______
for
.34824
Total
..
(Per Share)
-',-$.50'~"'
$100) and the number of shares to
purchased by each, severally, are as follows: '
t//|i
Ne^y England Mutual Life Insurance Go.—Issues $225,GOO,OdOtNew In^utance in; 1946—
.
23 Days
$13,388,714.
number of
130,144
}
.
_
-$.17412"-
.65176>
.
SEC
stock- Blair F. Claybaugh & Co.,. New
Ydrki Baroll & Co., Chicago;, Buckley Brothers,
Philadelphia, and
Kitchen '■& Co,, Chicago r are' underwriters.' Price, $10.56
per
share.
Proceeds go to selling stockholders.—V;
165, p.* 340.
'
*
(Per Share)
10,. 1940
writers of the 150,000
ferred stock (par
LIABILITIES—$5.50 dividend series preferred stock, $9,584,700; $7.00
cumulative/second preferred and common stock, $25,500,000;' 5% con¬
vertible debenture bonds due 19*47 to 1962, $34,794,800; 6% debentures
due
2031, $203,700; matured bond interest (see contra), $160,902;
account^, payable, $38,019; accrued Federal income taxes, $28,492;
'accrued/interest on long-term debt, $393,797; other accruals, $6,970;
deferreJcredit items, $70; reserves, $15.,793; capital surplus, $3,408,014;
earned'.surplus deficit (since Dec. 31, 1937), $969,356; total, $73,165,901.
1947—4 Mos.—1946
$912,018
*
^ G^-Corp,-^Underwriters
Preferred Stock—The names of
the several under¬
of
$311,064; other current assets, $5,400; unamortized debt discount and
expens|y $510,868;; miscellaneous deferred accounts, $128,089; total,
$73,165,901;
'Files With SEC—
The. company on Feb. 7 filed
for 4,000 shares of common.
31
1945
$2,581,659
1,356
depreciation
income
matured
crued
NationaL Shirt Shops of Delaware, Inc.—Sales—
Period End. Jan. 31—
,,
PAsseager ttatti&j
r
"
The, New YorkCptral RRr, application states that Niagara Junction .would retain Its
identity as a "separate carrier, but with New
YorkCentral supervision and
management.—V. 165, p. 814.
allowance
103,829
return)
Government
813.
Sales
%:•.? v
,
$35,344 U. S. Government securities), $1,285,981; investments in office
equipment and automobiles (at cost), $7,548; funds de¬
posited for investment, $147,130; other special funds, $25; deposits for
$0.06
.12
net
furniture and
Dec. 15
$0.08
.12
ser.
Apr. 26
$0.12
series
Non-Taxable,
$.32588
and taxes other than Federal
expenses
$1,690,009),
and
Distributions made in
On
should,
——
ASSETS—Investments
are
income
Taxable
(Per Share)
1946
i'/lP'.-
requirement,
accomplish
reductions
approaching
in fixed charges on debt securities outstanding.
BALANCE
following
shares
$246,680.
■
of
1288.
6
On
recapitalization
;
with;, due
return
Net
corporation
dividends
$2,867,555
National Securities & Research
Corp.—Distribution—
The
of
filed
Credit
was
company-has .applied,, to the Interstate Commerce Commissions
authority to .purchase the entire
outstanding 10,000 no par shr—/the Niagara Junction: Ry.f Co. from Niagara Palls Power Co.
$1,000,000;
•
-■»
'
(%$* fo. %?*$$$
40 electrically, opera.ted switching
railroad, Niagara Junction ~
av
SPl'VPR
an
•inrfneftiial' oWn ,vi 4-V.vr
annum
income
separate
net
.
for
:y
Interest on long-term debt
Amortization of debt discount and expense
Miscellaneous deductions* from income
165,
approved for listing 373,735 outstanding shares of the above
company's
value common stock.
The shares, v/hich are part of a total
authorized issue of 1,000,000
shares, will be admitted to dealings at
date
plan
82%.
income
Provision for
$4, par
a
year of
fund
per
Provision for
of
and
income taxes
advertising depart¬
1335
The
Co.—Taxability of Dividends—
New York Central
$3,389,904
Miscellaneous income
National Radiator
Co.—Listing Authorized—
board
of
1946
been
813.
The
out
Total income
Vernet
toihis army, service
p.
interest
of
PROFIT, AND LOSS STATEMENT FOR YEARS ENDED DEC.
promoted to Director of Advertising.
Advertising Assistant since October, 1944, when he joined
Life after his discharge frcm the
Army Air Corps. Prior
1952,
t
1946
Mutual Life Insurance Co. of New York—Director of
June,
The. above allocations have been,
tentatively, approved by the Ui
Treasury Department .pending its' final 'determihatiQii \
Departments completion., of
the-usual-annual audit oPthe i
pany's income tax
return.—'v.; 164, p. 2695.
in part:
says
stores
Advertising—
He
.
sinking
Interest
of 2Vz%.
said
available, a
This compared with $2,637,798 in 1945 out of
$2,234,230,
alternate
Dividend
will;
company
of
4s
States
that
$1,000,000
$7,001,090
$6,319,297
in operation,
un¬
The
9,
Totals
D,
of
$887,147 reflected the collection
$2,-889,'727 from- operating subsidiaries
The
;(G, C.)
■
September 10/ 1846L__J_
,
3146.
p.
1945.
Date Paid—
March'
years "from organization to Dec. 31,
1945, the Association
$43,569)625,-, in interest and: dividends from, its subsidiary,
operating, companies, the subsidiaries" now in the. System retaining
$7,41,5,962 of yearnings, in. such,portion of that, period as their, common
stocks were owned
by the Association.
In 1946. the," parent net income,
company was ordered
Commission order of Aug. 8,
income
Code^
December 10,
Statement-r-F;
in the 19
should
request
■
i
collected,
The
B
;
;
W. Adsit,
Treasurer, on Feb. 6 stated:
'
: *"* C.
*
.<■/***
offic.e.r.s,of,,thjs, company are of the opinion, that dividends
duung the year 1946, should be allocated ,as between taxable paidU
and*.
for January, 1947, is reported at 896,998,000 cu. ft., an
138,597,000 c.u. ft,, or 18.27% above production of 758,ft, for the corresponding month a year ago. •
for the year
30-day
a
class
of
:
in
.
in his letter, said1 the
bonds, at 10Q%, plust accrued, interest
1947
*
after vf :
due
The
Campbell, President, on
Jan, 23 in, the Assopi^tipn's, preliminary annual report
A
4%,
Newman
ago,
Annual
extension from Feb. 10 in which to
sell. 140,614 shares (no par) common
stock of
the
company.
be'granted and set
the
the/ same; time/;$|.651,27T
$168,000 better than
ft.,
cu.
cashed
paying
1,339 hplders.
New. Jersey Zinc
for
may. be
$50,000 over" the previous year.—V".
158, p.'18601
this Association, reports electric output
increase of 1,347,409 kwh., or 10.39%
7,
is
June,
new, bond,
be^exchanged for.- hew Kbonds due/April, i960%
Interest
paid^on from old bon0s. On. the new ones, N. J, Realty., will pay 2J/a5
the
a year
April, 1947, to April,
19^2; and 4$ thereafter, tp 1960/
The company
reports 1946 gross income was
$1,394,349. highest in
history, and
would sell at not less than par sufficient
new common to bring the total up to that amount.
ended.Esb.
kwh.
a
may
,
Gas
are
^°hn,A.Tkbmpsdn, President
1947—12 Mos.—1946
'
Standard
e;.exchanged;-^fo,r
output
401,000
Mountain States Power, Co,—Standard Gas Asks Ex-,
tension oil, Sale c)f Stock—
;
The
There
,
1
^
"v'-.'
have been»,
J090S whic^ mature Jn,
^
1957.
M
an
increase
of ,30,965,000. cu., ft.,
or
17.83%
above production
of
173,627,000 for the corresponding week a year ago.
For the month, ended Jan," 31, 1947, the Association
reports electric
output of 63,903,673. KWH;
This/ is an increase of 6,596,802 KWH, or
11,51%
above production of 57,306,871 RWH for the corresponding
$67,096,748 $53,006,899 $1,035,674,682, $704,686,754
165, p. 213.
week
Gaa-output
increase
1947—Month—1946
Sales
1
Jersey
purchase
EnglaUd
production
Gas
& Co.,
,
ago'i— '•
■■■■"'/
164, p. 3416.
f
aP i!
April
year' ago.
$3,781,574
957,534
$4,821,716
——
non-recurring
Montgomery Ward
New
14,310,161
above
2,596,654
275,532
deducts.
70,437,-
year
Reality Co., Newark, N. J—To Refund
Class: A
Bonds—Exchange Offer Also Made to Class BBondholders^ '
oi
Weekly and, Monthly Output—
For
487,016
524
"
*
New
within
,
additional shares of
disct.
——
was.
a
•
Proceeds will-be used for
investment in real estate mortgages in 1
Jersey.—V.
•
$624,066
debt
expense
Other
3,861
debentures——
on
Amortiz.
:and
322
week ended Feb. 1, 1947
•
an
.
1,500,000
$618,567
revenues
income
on
Int.
1,500,000
-
.
•
t
,
"
of prices, specified in the p.rpgra,m.
*
•
> ;
of the uncertainty whether the
securities could be sold atsuch prices in time to enable, the company to meet the
Sept. 1 maturity
on
$13,206,000 of debentures, the alternative plan was advanced so
that, at its election,"the company could proceed with the
carrying out
of 'either program',
" "
'
.*
•
■"
■
The. alternative' plan provides for. use, of the
proceeds from public
sale, of the bonds, and new preferred, stock to retire
$34,998,500 of
outstanding debentures at par'plus accrued interest; the allocation: of
766,776 shares of new common stock to holders! of $5.50 preferred stock
at 'the rate, of eight new shares for one
old, plus' the right to subscribe
to'.4i79',235 'new' common 'shares at $9 each, or five for one.
To the extent, that the rights are' not
exercised, the $5.50 preferred
stockholders may subscribe to a maximum of 20 new shares at $9 for
eaph share of "preferred, now. held.
If subscriptions fail to provide
utility plant
income
Gross
Int.
3,861
adjustments-
oper.
Other
125,000,
.,
over the corresponding week
688/
'
for
63,037,436
12.77%.
the
range
Because
deplet.
approp.
of
limited-term
and
available
with
/
\
.
now
of
withdrawn
1946—12 Mos.—1945
1946—Month—1945.
$1,805,870
$1,687,662 $18',650,717 $17,873,194
684,039
598,2175,125,152
4,830,644
299,310
160,258
3,140,164
1,698,263
147,802
182,292
1,692,056
1,697,143
—
814
increase of
an
c.oinparabie figure, for the
'105,- pp.
hourji
71,088,298-compared
as
I
amended. plan, previously approved by both the SEC and
New England's new
capi|glizatiph would
$22,500,000 of-bonds and 2,300,000. shares of common stock.
invitation for competitive bids for these'
securities, however, was
An
Montana Power, Co,—Earnings—
Operating revenues
Oper," "exps., excl. taxes
Federal taxes _J_——1
.
Inerease of 11.80%
V.
the
Period End. Dec. 31—
1947,
in.the week ended Feb. 9,.
1946,
par)
the District Court' hi Boston,
consist
213.
p.
»
Association—Weekly Output—
the'General-Public Utilities Corp.,
and certain. subsidiaries, in consideration of
which the $7' second pre¬
ferred and common stocks, of New, England, all owned
by the Associated
interests, will be canceled.
:
*
*
'
$533,6,94
216,888
-
'
New England Power
subject
England .Gas
1943
$497,168.
Net
ry. oper. income—
From January 1—
Gross from railway—--
11, in supplemental
alternative, plan for
Bostbn, and Judge Francis J; W. Ford has set March 10 for a
hearing.
The. settlement; of claim? provides fpr. payment "of $1,944,550 by. New
1946
railway
Feb.
on
($100
preferred ;stock,
Monongahela Ry.—Earnings—
December—
Exchange Commission
findings and opinion anppunced. approval of an
recapitalization of the company~and settlement of
intercompany claims.
The alternative. plan provides for a new capitalization
consisting of
$22;4.25,000 of. bonds, 77,625 shares of cumulative convertible
preference stock will, be closed for such draw¬
18 to Feb. 21, inclusive.—V, 165, p. 576.
ing from Feb.
,
mmCC
■
whether
of
.The, redemption price is $104.50 plus accrued diyidends of $L04
pe,r share. The shares to be redeemed will be drawn, by lot from pref¬
erence", stockholders of record at the close of business Feb.
17, and: the
Net
-
Electric
■
Marches
Gross
.
.
,
namely
/
/
;
■
VI
I?#
I
¥
Monday, February 17, 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
942
,
will be supervised
sales foro ®rtd«eP®rt;
Noranda Copper
operations for the Bridgeport company. Sales
A. R. Zender, Vice-President in charge^of
Mr.
Murdoch will be Chairman of the board of the
& Brass Ltd.—V. 164, p. 3147.
of
by
J"
Sg
.
...
directors on Feb.
approval by
1947, subject to
3,
Federal
Net
Ry.—Form of Bond—
order. >
poeition
require, on
shares of new
alphabetical
alphabetical
Co.—Preferred and Com¬
mon Stocks Offered—An underwriting group headed by
The First Boston Corp. offered to the public on Feb. 11
26,000 shares of 4%% cumulative preferred stock ($100
par) and 410,000 shares (par $3), being the entire out¬
standing amount of the company's common stock. The
preferred shares were offered at $107 per share and
accrued dividends and the common stock at $13.50
per share.
The offering
?
of new 4V2% preferred
is subject to an
exchange offer, which expires Feb. 17, 1947, being made
to holders of the company's outstanding 39,852 shares
(:
are
PREFERRED
STOCK—The
of
shares
4'/2%
cumulative
The
Republic Co.
(Inc.)
Eastman, Dillon & Co
Kidder, Peabody & Co
:
Merrill Lynch, Pierce, Fenner & Beane
,r,£,
1,
Hornblower
pre¬
&
Piper,
Jaffray & Hopwood
Central
Republic Co. (Inc.)
Dillon & Co.
Peabody & Co., „
Merrill Lynch, Pierce, Fenner & Beane
Stone & Webster Securities Corp
Eastman,
Kidder,
Hornblower
Loewi
1946.
Metropolitan St. Louis Co
the
Straus
2,012
1,878
1,610
1,610
,
Bingham, Walter & Hurry
& Co., Inc
Paul
of common
received by
^
Adjustment on exchanges of old preferred stock for
ference between redemption price ($110) per share
>
•
stock
ferred
the
purchase
extent
that
are
'• v.
****
I'. Authorized
.
-
(#100 par)
preferred stock_—
Common" stock X$3 pat)
;
cumulative
-
75,000 fchs.
. .
800,000 shs.
.1
'
contract
for
the
Installation
of
new
,
<
been
appointed
for the past
Assistant
He
2551.
Controller.
two years.—V.
164, p.
Pacific Coast Vineyard Development Corp., San Fran¬
cisco—Files With SEC—
The
company
Feb. 6 filed a letter of notification with the SEC
($10 par) capital stock, to be offered publicly at $19
shares to be issued to Henri B. Lanson, President,
on
for 25,000 shares
in
25,000
and
share
a
partial consideration for promotional services. There are no under¬
Proceeds
will be used for purchases of winery and other
writers.
3,658
expenses.
3,658
1,342
1,342
1,342
3,658
3,658
3,658
1,342
3,658
Gross
1,342
3,658
Operating
1,342
3,658
Taxes
2,927
2,927
Prpv,. for
7,852,317
7,999,684
7,544,149
7,115,753
Company
1,073
1,703
Inc
1,073
2,927
$8,226,321
$8,751,924
1,073
2,927
2,927
2,561
$11,237,438
Other income' (net)——
231,953
331,935
331,532
$8,705,372
324,732
$11,469,390
debt...
1,398,611
.13,200
$8,558,257
$9,083,456
1,453,883
'16,533
:
FINANCING
Drass
&
Co.,
Bogan
Co
Williston & Co——
Cohu
R.
Company
Collins &
H.
Coburn
•
Staats Co
Ashmun
S.
J. R.
H.
Torrey
$05
Johnson & Co._
Albert
;
Clement A,
,
Barrett,
)
>
De
P.
:
:
Northwest
Arms,
Gordon B.
536
536
538
536
402
1
Mejia
—
Company
Inc.
Herbert
H.
402
—_
&
Co._
Caldwell
Charles H.
t
u
v
7
'
Gilman & Co
H.
Roger S.-Palmer Co.—
1
F. L. Putnam &:CO., Inc.—————
268
Seasongood & Mayer——.
Sides. Morse & Co., Inc.——:——;
•
Tifft
—V.
Brothers
165,
p.
—
577.
8
-
-
268
-
;
funded
on
interest
.
.1,413,689
14,872
-
$9,030,104
1,533,390
~ 14,642
26,231
59,631
61,312
,55,382
divs.:$l0,117,211
Pfd.'stbek divs. of sub.1 "1,337,257
Com. stock min. int.—
121
$7,191,008
1,337,256
99
$7,668,423
1,337,255
132
$7,508,296
1,336,676
"114
$6,331,037
$6,171,505
1.000,006
inc.
Net
(Cr)
before
Applic. to Pacific Ltg.
$8,779,834
Corp
Divs.
on
pfd.
stock
Diys. on com. stock.
to
Remainder
,
surplus
1,000,000
4,825,893
$5,853,654
1,000,000
4,825.893
....
1,000,000
4,825,893
$2,953,941
$27,761
j$4.84
$3.02
4,825,893
$505,144
$3.31
$345,612
732
Ingraham & Co
268
Institutional Investment Co.
268
McJunkin, Fatton & Co.———268
Clifford J. Murphy Co
i
268
L.
——
struction
732
732
732
268
Phillips Co.—
Draper, Sears & Co
•
revenue
-
732
268
268
268
Byrd Brothers
1,098
1,098
1945
1944
1943
$68,041,497 $64,759,918 $63,944,017 $57,008,947
34,601,152 29,673,61(5 29,785,702 28,078^666
14,350,590
18,862,296
17,862,242
13,109,156
Interest charged to con¬
1,098
268
—
'
—
retirement,.^
oper.
Other
1,098
402
Dimond & Co
Brooks
1,464
1,464
1,464
1,464
1,098
402
402
Hanlon & Co—
Kirkpatrick-Pettis Co.
Mannheimer-Egan, Inc.
McDowell,
2,195
1,829
1,829
671
Inc.—
Inc.—
Young, Larson & Tornga—
Pacific
J.
671
—
Co.,
Int.
2,195
805
Co.
expenses
Total
.
Subs.)—Earnings—
1946
revenue
oper.
Net
2,195
$05
Inc.—
Co.,
Pacific Lighting Corp. (&
Calendar Years—
2,195
"2,195
$05
Inc.—;
Co.,
Evans &
Fitch &
&
Davies
26,000 shs.
410,000 shs.
&
* 805
'
—
Securities
McGann
Park-Shaughnessey
Bioren: & Co.—
Outstanding
-
1,073
939
—-
Middlebrook—
&
&
Martin, Burns & Cortett,
'
.
<
company
1,342
Company
Sheridan,
-
118,000
7,500 kw, turbine at the
Mitchell plant. It is anticipated that the boiler installations will be:
completed in 1947 and the' turbine installation to. 1948;
.Company
Is proceeding toward construction of a 69 kv. transmission line from
Aberdeen to Huron, completion, of which is expected In 1947, and has
issued purchase orders for the material .and equipment required In
connection therewith.
Company has ordered and plans to install in
1947 two 1,100 kw, Diesel engines, one to be located at Armour, 8. D.,
•and the other at Yankton, 8. D.
It is also proposed to construct:
during. 1948/a 69 kv. transmission line from Huron to Mitchell,.
All eonstruction; during the calendar years 1947 and 1948, including
routine extensions and improvements, is estimated to cost approxi¬
mately $3,000,000. Company expects to finance about 65% of these
.estimated expenditures by sales of additional securities of such types
as -may be. found .most desirable at the time.
As an initial step in
ihis program, the company has made arrangements for a bank loan,
of $200,000, maturing nine months from the date thereof and bearing
'merest at the rate t)f l%% per annum;
* "
"
a
the
Hall & Co.-
J.
PRESENT CONSTRUCTION PROGRAMr-Company, has accepted bids
-for the Installation of two hew high- pressure boilers and baa: signed
a
and incorporated in 1910, has
$6,000,000, it was announced.
C.
**•"
'
of
excess
& Co
Ohio
Julien
First mortgage bonds J————
$50,000,000
3% series due 1973 U——$5,275,000
^Cumulative preferred 'stock
has
Lefmann
M.
with
been
organized
in
Airmotive Corp.—Official Promoted—
Pacific
Delbert
has
volume
577.
p.
Harold El Wood & CO
78,000
_
CAPITALIZATION GIVING EFFECT TO PRESENT
Company
165,
Mills,
Coating
sales
annual
—V.
Reinholdt & Gardner
hot
40ld: preferred stock, p
American
an
William R.
received -by the company from
o«f
Coating Mills, which has plants in Elkhart and Chicago, will
operated as an independent division.
L. Snideman, President and General Manager of American Coat¬
ing Mills, will be in charge of the division's operations according to
Mr. Levis.
Upon approval of the contract by shareholders and tho
consumation of the transaction, Mr. Snideman will become a VicePresdient of Owens-Illinois and a member of its board of directors.
Wesley
dif¬
and
oontract———
shares
Collins &
the U. S.
R.
3,658
1,342
1,342
filed with
be
7,317
1,342
& Co
a
Court.—V.
Grimm
$1,523,720
exchanged, the net proceeds
thei sale of new preferred stock to the
^underwriters, ;wUl be applied: to the redemption of unexchanged abates
To
Inc
will be
writ of certiorari
165, p. 341.
petition for
a
Peters, Writer & Christensen, Inc
f; public offering price ($107) per share—;
-J—
Estimated net cost of refinancing and payment of compen"$l satiopto underwriters of new preferred stock under pre,
Co.,
Co.
Bateman, Eichler
Homer
The
Redemption1 of 13,852 shares of oid preferred stock at $110
per share (excl. of accumulated dividends)—;
—
&
Allison-Williams
r
..
Erhard
Pearson,
company.
follows:
Blosser
&
petition of the
ican
5,122
4,390
4,390
3,658
Corp
the
denied
quisition, and the plan will be submitted to shareholders of American
Coating Mills on Feb. 24.
W. E. Levis, Chairman of the board of Owens-Illinois, said Amer¬
5,488
Co
Cleveland
has
Court of Appeals
Circuit
S.
Owens-Illinois Glass Co.—Proposed Acquisition—
6,219
5,488
5,488
The company will apply the net proceeds to it from the sale of
the securities together with the contribution to it from Bear, Stearns
& Co., and other funds of the company to the extent required, as
gv
s
2,281
2,012
2,012
&
First
at
Negotiations for the acquisition by this company of American Coat¬
ing Mills, Inc., one of the country's large producers of clay coated
folding cartons and carton board, were announced on Feb. 8.
The boards of directors of both companies have approved the ac¬
7,317
The
U.
Supreme
7,317
8,780
2,683
Chaplin
in
will receive all of the proceeds from the sale of the shares
stock to be sold by it, and no portion thereof will be
that
7,317
California
of
sinking
1961,
Colony RR. bondholders' committee for a rehearing. The court by
decision had previously upheld the District Court confirma¬
tion of the reorganization plan of the New Haven Railroad, relative
to the Old Colony.
Counsel for the Old Colony bondholders' protective committee, states
10,975
3,220
Co
&
the
2-to-l
7,317
Pacific Co.
the amount of $40,000, its common stock equity
will be equal to at least 25% of its resulting total capitalization; the
amount of such contribution will be $64,614.
Bear, Stearns & Co.
company
due
17,561
2,683
2,683
Stokes
Dempsey & Co
recently
Old Colony RR.—Rehearing Denied—
17,561
2,683
Cook & Co
Newhard,
Brooke,
for this
has
company
of
The
17,561
17,561
2,683
Co.
&
Refineries-
Manager of
appointed Manager of refineries
1947, O. D. Donnell, President,
Old
17,561
4,025
Co.—New
St., New York, N. Y.—V. 165, p. 723.
29,267
,
$1,166,803
200,819
$0.59
called for redemption on April 1, 1947, for ac¬
fund, $144,000 of first mortgage bonds, 2%%
101V2 and interest.
Payment will be made at
The Chase National Bank of the City of New York, trustee, 11 Broad
Bear, Stearns
6,439
Weeks
&
Piper, Jaffray & Hopwood
PURPOSE—Of the 410,000 shares of common stock offered hereby,
the
10,733
,6,439
6,439
6,439
6,439
.
400,000 common shares
on
Luton has been
effective Jan. 1,
series
FrOm
From
Corp.
1945
1946
$1,603,068
708,941
$1.77
charges and taxes
Oklahoma Natural Gas Co.—Partial Redemption—
The
1,000
Company
Boston
First
E.
count
Common Shares Purchased
The
1946,
31,
Dec.
Luton, formerly General Superintendent of refineries, will con¬
tinue for the present at headquarters at Robinson, III., where he will
have overall supervision of the company's refinery operations at Robin¬
son and Lovell, Wyo.—V. 164, p. 2696.
STOCK
COMMON
UNDERWRITERS FOR
I sary so that, after giving effect, as of Jan. 31, 1947, to such con¬
tribution, the financing by the company, payment of compensation
to underwriters of new preferred stock and estimated expenses of
,
Co.
ended
Mr.
3,000
2,000
1,000
Corp
year
p.
announced.
3,000
3,000
Weeks
&
Loewi
110,000 shares are being sold by the company and 300,000 shares are
being sold by Bear, Stearns & Co.
Bear, Stearns & Co. has agreed
to contribute to the company such amount of cash as may be neces-
j
& Webster Securities
Stone
Oil
Ohio
No. of Shares
7,000
3,000
3,000
Corp.
Boston
First
share
per
Ray
STOCK
*
165,
164, p. 2551.
company
of
names
Central
ferred stock will be entitled to quarterly cumulative dividends at the
of 4y2% per annum payable on March 1, June 1, Sept, 1 and
Dec. 1, in each year and dividends thereon will be cumulative from
Dec. 1, 1946.
The new preferred stock will be subject to redemption
at* the option of eolhpany as a whole at any time or in part at
any time or from time to time, at $110 per share and ail accumu¬
lated
and
unpaid dividends thereon to the date of redemption.
Holders of preferred stock will be entitled to receive, in the event
of5 voluntary liquidation, dissolution or winding up of the affairs
of the company, or dny reduction in its capital resulting in any
distribution of assets to its stockholders, the sum of $110 per share,
or in the event of involuntary liquidation,
dissolution or winding up
of the affairs of the company, the par value of each share, together
with, in each case, a sum per share equal to the full cumulative
thereon from Dec.
in one city in South
follows:
as
,
rate
dividends
Earned
—V.
Company
UNDERWRITERS OF PREFERRED
of $3.75 per share in the
case of the 7% preferred and $3.45 per share for the 6%.
Of the 410,000 shares of common being offered, 110,000
shares are being sold by the company and 300,000 are
being sold for the account of Bear, Stearns & Co.
.NEW
service
heating
for the
577.
company
profit
Net profit after all
a
basis with a cash adjustment
,
Gross
of
part
a
the
of
$242,361.—V.
to
Nutrine Candy Co.—Earnings—
the several underwriters and the
number of shares of unexchanged stock to be purchased by each, and
the respective number of shares of common stock to be purchased,
and 6% cumulative preferred, under which they
will be entitled to exchange their shares for new pre¬
ferred share-for-share on a "first come first served"
I
steam
supplies
As
income
Calendar Years—
of
UNDERWRITERS—The
of 7%
life
Net
amounted
its load-building program, the company sells
has offered to sell its electric distribution
system in the communities of Niobrara and Santee, Neb., to a local
electric cooperative for the sum of $60,000.
In the event of such
sale, the company Intends, as soon as practicable, to dismantle the
transmission lines across the Missouri River servihg those communities
and will then cease to render electric service in Nebraska.
For the year ended Dec. 31, 1946, the company derived approxi¬
mately 68.4% of its operating revenues from the sale of electricity,
22.3% from the sale of natural gas, 9.0% from the sale of manu¬
factured gas, and 0.3% from steam heating.
At Dec. 31, 1946, com¬
pany supplied electric service at retail to 28,297 customers in 95 cities,
villages, and unincorporated communities and rural areas.
At the
same
date, the company supplied at retail natural gas to 11,253
customers in three
cities, manufactured gas to 8,383 customers in
three cities, and supplied central steam heating service in one city.
Dakota.
Massa¬
of
'•
is engaged
and
Dakota,
Northwestern Public Service
kr
total
Commonwealth
the
the sale of the new bonds will be applied to the
of paying -$L800;000 of company's
presenUy outstanding first
mortgage 4% % gold bonds, series A, due March lt 1947.
The series B bonds are redeemable by the company on or after
Mirch 1, 1948 on 60 days' notice at'104% Of the initial public offer¬
ing price for bonds redeemed on or before March 1, 1951, and at prices
rahgifig down to par for redemptions made after March 1, 1963.
The company owns a railroad extending from Groton, Conn., at
the easterly end of the bridge across the Thames River, northerly to
and into the City-of Worcester, Mass., a distance of about 71 miles.
The railroad now constitutes one of the main freight routes of the
New Haven system, with- connections-with the Boston & Albany and
Boston & Maine RR. at Worcester, Mass.
Company is a public
a
of
cost
approximately $2,830,000.
principally in generating, transmitting, distrib¬
uting and selling electric energy in the east-central portion of South
Dakota.
It also destributes and sells natural gas in three cities in
Nebraska, produces and sells manufactured gas in three cities in South
for
Utilities
......Proceeds from
$281,667
Incorporated in Delaware
utility company operating in the
has no subsidiaries. .
" ,
from the Union Power &
Light Co. of Omaha, Neb., the electric properties serving the:, cities
of Aberdeen, S. D., and North Platte and Columbus, Neb., and the
gas property serving North Platte. At various times during 1924, cdmpany acquired the electric property at Yankton, S; D., the electric
and gas properties at Mitchell and Huron, S. D., and the electric
properties of Consumers Utility Co. located in 13 communities in
South Dakota.
Thereafter, through the acqusition of numerous small
properties from municipalities, corporations and individuals-and by
the construction of plants, transmission lines and distribution systems,
the company expanded its lines and facilities.
In 1940 the company
sold the electric properties comprising the Columbus and North Platte
Divisions in Nebraska
in separate sales to Consumers Public Power
District
Offered—Public
RR.—Bonds
chusetts.
117,000
117,000
--
Public
of
$290,360 w $258,636 '
BUSINESS—Company was
AND
27, 1923.
appliances.
\ty:,
117,000
117,000
Worcester
&
merce
.
$554,006
high record for the com¬
subject to the authorization of the Interstate Com¬
Commission and the approval of the Department
are
*
poeeible..
me
$375,636
,, 1,936
$560,993
162,326
$398,667
„
a new
first mortgage 4% gold bonds,
series B, iyas made Feb. 14 by Adams & Peck.
The
bonds Hiature March I, 1967, and are priced at 101%
arid accrued interest. The issue and sale of the bonds
State.? of South Dakota and Nebraska/ It
As of Dec.
1, 1923, company acquired
it ie not tdwmys
reasons
$407,360
2,398
1945
$694,900
$0.87
offering of $1,800,000
169,000
$559,057
,
3,726
$544,205
168,569
$671,006
;
div.
HISTORY
Nov.
week ended Feb. 8, 1947,
50,007,000 kwh. for the
14.0%—"v. 165, p. 814.
to arrange corrtpaniee in exact
However, they mre alwayeme near
$565,577
158,217
income
Company
NOTE—^Fmr mechanical
$837,178
166,172
.,
Balance.
fcwh., as compared with
corresponding week last year, an increase of
poesible
251,000
-$540,479
$563,179
preferred stock
(Del,)—Weekly Output—
of this company for the
output
57,009,000
279,000
.
$835,380;..
1,798
income
26,000
£tock"E*change has received notice that neW coupon
1, 1947, to Feb-L199.7, Jftcmsive, will be Attached to general lien railway, and land grant -3%
gold bonds, due 2047, and the bonds will be stamped to indicate such
attachment, upon presentation of' bonds;at the City. Bank .Farmers
Trust CO., 22 William St., New York, N. Y. A period of approximately
2*/2 weeks will elapse before bonds are returned to holders.,
The Exchange on Feb. 7 directed that? deliveries- of said bonds, up
to and including April 30, 1947/ may be made either with bonds bear¬
ing no coupons or with bonds bearing new coupon sheets and stamped
to indicate such attachment; that beginning May 1, 1947, only Aonds
bearing new coupon sheets and stamped to-indicate such attachment
shall be a delivery,—V. 165, p. 814.
Northern States Power Co.
^
'
and other deduct.
Net
bearing coupons featuring May
Electric
taxes
share
Net sales for 1946 were $10,239,043,
237,511
.179.000
244,923
175,000
charges and taxes
common
Norwich
(net)—-
Income
Gross
Inter,
298,726
per
pany
for any peace-time year.
Civilian sales were about 13.4%
higher-during the year than in 1945, the last war year. Civilian busi- '
ness of the company showed
Sn increase of 78.2% for 1946 over the
first war year of 1941.—V. 165, p. 215.
-
418,107
396,402
1,296,623
1,199,711
160,047 .
122,279
298,146.
290,983
262,061
180,000
297,604
359,000
income
operating
Other
The New York
totaled
1,442,044
185,868
224,330
317,500
taxes—
income
Annual
I
$3,153,943
—
Fed. excess profits
«
Northern Pacific
$3,384,325
465,722
fed-
than
eral income
ca4h will
feheets
$3,676,600
441,240
—
—
Depreciation
Taxes, other
fractional shares of Pacific Gas and Electnc
be'o&K} fct (berate of 42 cents /er share ot Horth
American coiniAon, based1 on the market price of approximately $42
per share of Pacific Gas and Electric.
..
1(- n1iarfprR
A similar distribution Was-made in each of the preceding 15 quarters.
—V. 165, p. 814. ~
'5
$4,112,753
pur„h.
•
In lieu of
Commission.
stock,
1943
Other
Maintenance
Gas & Electric Co.
stock for every 100
st^ktolders Exchange
the Securities and-E^hange
»
1944
after
income
Earned
1945
1946
$980,725
$1.23
Calendar Years—
Net
1,637,699
Power and gas
.f ®c*
dividend on the
7 declared a
Norwich Fharmacal Co.-
^
Operation—
Stock—
Div. in Pacific Gas
;
profits tax
1946
.
payable in the form-of common shares of Pacific
at the rate of one share of Pacific Gas and Electric
shares of North American common stock held.
The dividend will be paid April 1, 1947 ^
March
of actual federal income and excess
rates in effect for respective periods)
l'
basis
on
Operating revenues
'
North American Co.—Pays
The
EARNINGS FOR CALENDAR YEARS
PRO FORMA
.
(Prepared
268
•
Amount
to
732
per
sh. applic.
common
The
totaled
crease
stock—_
,
$3.21
,
count of independent active meters in service at the end of 1946
1,179,213, compared with 1,137,033 at the end of 1945, an in¬
of 42,180.-r-V; 164, p. 2551.
Packard Motor Car Co.—Resumes Dividends on Com¬
732
732
732
732
732
732"
732
732
268
268
■
mon
The
the
~
f
" T
..
.
.
have declared a dividend of 15 cents per-share
stock payable April i to holders of record Feb. 21
directors
on
No, dividend was paid in 1946. Prior to that, one payment was mad©
annually, namely 15 cents in April, 1945, and 10 cents each in April.
1944 and April, 1943, •
—~
Christopher, President, explained that the dividend would
paid out of earned surplus.—V. 165, p. 215.
George T.
-
' '
Stock—-
common
be
~
~;
.
Volume 165
■Pennsylvania Lumbermeiis Mutual Fire Insurance Co.,
Philadelphia—Assets at New High—
Pacific Power & Light Co.- -Earnings—
'•
12 Months Ended Dec. 31—
revenues
''
Direct
taxes
Property
Rent
from
Other
"3,976,136
1,608,435
700,000
700,000
This
in its B2nd statement, of condition ifor the year
reported one of the best years in its history,
reaching an all-time high" of $5,959,613, compared
with $5,328,055,
at the close of 1945. The company increased its
surplus to policyholders by almost $100,000, to a new high figure of
$2,755,188. According to Herman J. Pelstring, President,
the total
with
total
277
of
245
$1,975,931
liabilities
at
252,415
247,510
admitted
12,483
$2,235,924
1,025,000
1,025,000
270,471
274,159
376,496
320,285
19,824
plant
6,715
$623,195
.
(net)
in
cash
income
mortgage
on
Miscellaneous
Other
amortization
interest
Interest
bonds
and
charged
deductions
(Cr)
construction
to
165,
Pan
Corp.—Plan
Airways
World
American
totaling
Wilbur
L.
Included
in
Government
States
compared
the
assets
are
with total
$4,340,575
In
V.
163,
lumber
and woodworkers, the company insures all
risks including churches, schools, banks, office
mercantile' establishments,
dwellings,
and
automobiles.—
of
to
preferred
658.
6.
Pennsylvania RR.—Equipment Trust Certificates—
Airways
Feb.
on
ICC on Feb. 5 authorized the company to assume obligation
liability, as guarantor, in respect of not exceeding $14,970,000
equipment-trust certificates, series R, to be issued by the FidelityPhiladelphia Trust Co., as trustee, and sold at 99.209% and accrued
canceled its plans to sell
9,
company,
American
dividends in connection
with-the procurement of certain equipment.
Report of the Commission States:
applicant invited 90 banking firms, insurance companies, and
savings banks to bid for the purchase of the certificates, the bidders
being required to specify the rate -of dividends to be borne thereby
in multiples of
'/ath of 1% per annum. In response thereto 2 bids
The
The
received.
were
1%%
of
The
better
bid
of
99.209
divs.
and
based
on-a
rate
amidm," was rtislde by',Ha'lsey;: Stuart-& Co. Inc: and 33
and has been accepted.
On this basis the average annual
the proceeds to the applicant will be approximately 1.99%.—
per
associates,
Paraffine Companies, Inc.
(& Subs.)—Earnings—
6 Months Ended Dec. 31—
Income
$261,256
$2,454,148
923,523
177,450
$1,530,625
profits
excess
$83,806
$3.02
$0.08
taxes
of
cost
V.
1944
1945
1946
charges
and
,
the
When
simplification
program
is
the-following would result:
U) The. Philadelphia Co. itself would
holding
a
would be
tween
and
company
a
completed,
the
said
company
.
,
.
,
to occupy the dual status
ultility.
All its gas operations
cease
gas
taken
over by the Equitable Gas Co., and the leases be¬
Philadelphia Co. and the Equitable Gas Co, would" be
The Equitable Gas Co. would become a direct subsidi-
the
eliminated.
ary of the Philadelphia Co. instead of a subsidiary of the Pitts¬
burgh & -West Virginia Gas Co.
•
-,i
(2) The Pittsburgh & West Virginia Gas Co. would cease to be a
holding company.
,+
>
'
bU
(3) In addition to the elimination of the 53 underliers of the street
165,
$2,478,474
1,457,1384
724.
p.
the Philadelphia Oil Co,, the Finleyville Oil Co;;
Gas
Co.
of
the City of
Pittsburgh, and the
Equitable Sales Co. would be dissolved.
*
(4) Equitable Cas Co. would own and operate all of the gas produc¬
the
The
.
after
.
of
and
Division, announced.
P.A.A. officials explained that its conditional sales contract, made
last August for sale of its controlling interest in Cubana to Expreso
Aereo Iriter-Americano expired on Feb. 9. They said Expreso failed to
comply with various conditions of, the purchase option. This automatic¬
ally voided'the contract.—V. 165, p., 341.'
Profit
an electric group, a gas group, a transportation group, and
auxiliary service group.
,<
■
a
result of this simplication program, considered in the light
of the. previously announced
plans of the Standard Power & Light
Corp, and Standard Gas & Electric Co:, the Philadelphia" Co. will hi
well within
the provisions
of the Holding Company Act",
since thd
Act allows two tiers of
holding companies and this program will leave
only one.
t
•
%,< *
^
As
organization in 1895, Pennsylvania Lumbermens, a mutual
issuing non-assessable policies exclusively, has paid losses
$18,601,990, and dividends to policyholders amounting to
addition
classes
943
an
bonds.
$13,043,928.
Cuban
Sell
to
subsidiary, Compania Cubana de Aviacion.
it will enlarge the scale of operations of that
Morrison, Vice-President in charge of the Latin
Instead,
United
$3,204,425,
\
w
;
-
railways system,
American
its Cuban
$5,959,613.
to
815.
p.
Subsidiary Canceled—
Pan
of
amounted
||
groups:
its
company,
buildings,
income
Net
—V.
year-end
and
Since
Gross
1946,
assets
$2,424,929
lease
income
Interest
31,
assets
$2,164,279
investments
term
revenues
.
company,
ending Dec.
8,235
limited
of
operating
.
.
$8,260,747
1,326,770
appropriations
reserve
1945
1946
$772,786
Amortization
Net
-
$8,757,634
4,366;308'
,
retirement
|f§§
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4569
"
Operating
T"~
Pennsylvania Salt Mfg. Co.—Earnings—
Consolidated
t
-
ing,
transmitting and distributing properties ;of the companies
located in Pennsylvania, now owned by three companies. '
^
!
However, the voluntary, reorganization of • the .gas- companies cannot
be undertaken until the rate proceedings involving certain of the gas
companies have been concluded. The simplification of the street rail¬
way system is necessarily dependent on the outcome of the pending
bankruptcy proceedings involving that system.
•" ; , „
'
The Philadelphia Co's reply
further pointed put., that unification
and consolidation of numerous small utility companies.,in the area over
a period-of
many years;into unified apd ecqnomically^operated com¬
panies; f.withr-improvement.,.of service and- lowering of costs, to the
public; has been an important feature of the Philadelphia
Co'soperations.
■
• ■
•
J
Among its achievements, the Philadelphia Co. listed;- r
(1) Unification of the street railway operations into a single', svstem,
resulting in the elimination of numerous transfers and separate,,'.'fare systems.
.
v > \
„ •: Ji
(2) The development of the high tension "ring system" for transmit¬
ting and distributing electrical energy.
This spurred the, industrial development of the important Pittsburgh district.
>,
(3) The development of underground facilities for the storage of gaV
on
a
large scale. These huge "gas mines" provide reservoirs to||®
maintain a steady and dependable flow of fuel to homes, businesses,
and industries.
"J
(4) The development, in collaboration" with others, of the streamline
trolley, and the earlier development of the low-floor, center-door 0
street car, a major step forward in mass public transportation.
The Philadelphia Co's reply pointed out that neither the size of its ,f:
system nor the size of the area or region served has heretofore, in %
any manner,
impaired the advantages of localized management, the;Jy
efficient operation of the system, or the effectiveness of regulation.
'
Separate, uncoordinated operation of the several properties, -the
1
company says, would result in a loss of substantial savings and wpujd
be very detrimental
to the public interest and to the interest^ ,/ot
.
_
,
Calendar Years—
Net
profit
Earnings
For
ended
quarter
per share;
share
common
per
for like
Dec.
1945
net profit was $895,685,
1946,
31,
BALANCE
in
S.
Notes
accts.
and
$3,377,580
hand
on
securities,
182,310
2,473,953
2,262,525
105,165
at
1,017,000
99,466
cost
receivable—trade
(net)
refunds
net
renegotiation
Fed.
of
taxes
:
570,468
579,034
5,569,376
deferred
and
expenses
$1.72
~
exhaust
p.m.
the
Co., trustee, 28 West State St., Trenton, N. J.,
March 3 receive bids for the sale to it of extended
on
of
sum
due May 1, 1953, to an amount sufficient to
All such tenders shall be made at a flat
$20,675.
include all principal
of said bonds.
and unmatured interest
to
spect
,
Trust
Trenton
first mortgage bonds
4%
1
49,400
234,291
312,641
charges
$27,427,247 $26,433,998
Total
$2.77
shares
common
Peoples Brewing Co. of Trenton—Tenders Sought—
15,244
Goodwill
Prepaid
$1,288,330
upon
in
or
re¬
6,217,062
13,867
Expense advances to and accounts of employees
Investments, etc.
Property, plant & equipment, at cost (net)
Patents, at cost less amortization
7,988,161
6,779,497
Inventories
4,139,188
59,911
7,973,912
1
rebates
750,000
on
1945
$2,077,426
:
815.
p.
will until 3
price
and
income
on
share
per
165,
The
$3,841,192
Sundry accounts receivable (net)
Est.
Earnings
31, '46 June 30,'45
Dec.
and
banks
Government
1946
profit after charges and taxes
—V.
SHEET
ASSETS—
D.
$1.78
or
Net
net loss was $287,106, or 63c a share.
quaiter,
CONSOLIDATED
Cash
$1,020,790
$2.04
Notice
of
acceptance or rejection of tenders will be mailed not later
than March 6.
Accepted bonds should be presented for payment on or
March
before
1947.—V.
15,
706.
161, p.
Investors
Peoples Drug Stores, Inc.—January Sales Higher—
1947
Month of January—
Sales
$3,586,151
—V.
165,
The
1946
$3,268,907
341.
p.
LIABILITIES—
Accounts
Accrued
payable,
Taxes
For
4%
for
compensation
cumul.
Earned
*
etc
pfd. stock (par $100)
conv.
stock
Common
(491,013 shares
150,000
490,671
600,000
2,380,400
2,380,400
11,308,020
11,002,356
par)
no
surplus
Total
-V.
150,000
545,055
15)-
insurance
product guarantees,
contingencies
For
Jan.
than Federal income)
(other
Reserves
65,286
600,000
preferred stock (payable
on
23,804
75,597
and miscellaneous
commissions, etc
wages,
Dividend
$1,057,766
224,945
23,804
$1,130,514
211,501
trade
Pfaudler Co.—Earnings—
11,308,020
10,133,105
6 Months Ended Nov. 30—
Net
shipped
.
Federal
Net
taxes
income
on
Btockers
and
manufacturer
fireplace fixtures.—V.
of
164,
automatic
heaters,
1727.
gas
p.
coal
$376,423;
Penn Mutual Life Insurance Co.—Record Nqiy Business
This company, now in its centennial year, reported; new. business
jjqit} for in 1946; totaled $247,201,264, an increase of *71% over 1945
unfilled
orders
ten
times
the
Insurance
gain
in
of
reached
previous
the
of
$9,182,651
force
all-time
an
year.
high
$2,376,047,351—a
of
gain of $162,605,126, and more than twice the increase during 1945.
Topping all previous records of achievement and progress, the com¬
pany,
which celebrates
marked up an all-time
increase
an
A
ber
total
in
of
of
the
its
100th
high
birthday
assets
in
in May, also
$1,070,105,857—
which
totaled
issued in 1946—the largest num¬
than in 1945. The average
policies were
new
years
and
58%
more
ten
years ago.
Policies in force on Dec. 31, 1946 totaled 671,465. Many of
the new policies
were
written on persons who never before owned
insurance protection.
Employee benefit, retirement and salary allotment plans showed an
Increase of
147'<
over
the
previous year and totaled $29,071,501—
new
policy
12%
about
Bales
of
income
$10,650,000
for
ficiaries
in
to
two
families
4,405
in
business.
new
and
1945
$3,209
insurance
Business
high.
for
to
$18,992,937.
dividend
1947
Of
this
payments
amount
to
as
oi
in
than
more
years.
to
the
$14,000,000
to policy
Payments
$57,900,914,
last
century
allocated to this
land bene¬
owners
bringing the total payments
to $1,625,000,000.—V. 165,
216.
(J. C.) Penney Co.—January Sales Up 20.01%—
Month of
1947
1946
$44,286,002 $36,901,090
January—
Bales
—V.
165,
341.
p.
1946—12 Mos.—1945
1946—Month—1945
$4,543,382 $53,452,499 $51,792,320
revenues
$4,869,397
Operating
expenses
2,830,328
2,938,728
30,025,844
28,103,998
510,597
194,000
5,473,293
2,736,087
Other taxes
97,211
of
electric
acquisition
Net
oper.
Gross
Interest
on
on
1,473,649
3,033,861
3,100,000
144,056
revenues-
144,056
1,728,675
1,728,675
$875,336 $11,479,777
$14,649,911
89,478
$1,028,730
4,103
(net)
income
Interest
1,711,049
258,333
plant
adjust
Other income
132,929
258,475
Depreciation
Amort,
$1,032,833
mtge.
bonds
232,500
debentures..
Other interest &
98,199
2,786
$878,122 $11,577,976 $14,739,389
3,189,543
232.500
2,790,000
67,500
67,500
810,000
83,334
deduct.
172,509
1,053,285
p.
1,198,500
Interest charged to con¬
16,049
Net
100,422
4,217
23,786
$665,548
applicable
to
preferred
$7,025,113
2,003,629
$409,830
stocks
Balance
^Decrease.—V,
')
■
jn-
$1,185,804
165, p. 723.
:
.i
$4,977,437
3,791,633
$5,021,484
income
;
LV 'i.M'o4'
tixii K
V
■
,'j
•■i
at
current
(based
banks,
trade (net),
other
assets,
cost), $1,779,851;
on
$568,000;
i
.
•
output
Feb.
SEC
total, $6,812,748.
accounts
payable,
interest,
proceeding,
dissolution
The
of
this company and its subsidiaries for the
amounted to 141,992,000 kwh., an increase
8.2% over the corresponding week, of .1946.*-
'4
815.
165, p.
Years Ended Dec.
Operating
Abandoned
-
?-*
.
o.'
Ji
oj
on
operation
fected
a
survey
of
its
stated
taken
gas,
in
electric,
railway,
and
auxiliary
companies
^*50
84,000
n(250
84'P?8
$378,924
of
The
The company emphasized the local character of its business by cit¬
ing the major role it has played during the past 63 years in the es¬
tablishment
and
development
of electric, gas,
and transportation
Pittsburgh.
SEC proceedings of Dec. 5, 1946, raise the question as to pos¬
inequities in voting power between the security holders.
The
in
its reply contended that in view of the ratio of the vari¬
in its corporate set-up, its outstanding dividend
types of securities
ous
the actual value of its company's assets and
the present voting rights of its stockholders, the company's capital
structure does not result in an unfair and inequitable distribution of
record
over
many
Railways.
The
its
sulted
pointed out in its answer that it been engaged for
carrying out an extensive program for simplification
This program, the company said, has re¬
elemination of 110 companies over the past 20 years.
company
time
in
corporate structure.
in
the
P.
$143,638
D. insurance premiums prior
Terminal Building. V. 165, p, 3jil*
^ Mr
Inc.—Form of Certificate—*
with
permanent
manent
Stock Exchange on Feb. 7 directed
preferred stock, 3.60% series, up to
may be
made either with temporary
York
1947.
25
Piper
It
certificates;
shall be
Prewar
Exceeds
Corp.—Production
Aircraft
v
announced
is
and intruding g
certificates
that beginning Feb. 26, 1947, only per¬
a delivery.—V. 165, p. 724.
,
certificates
Figures—'
that deliveries
_
the
that
company
problems and the necessity of toolmg up for the Piper PA-12 Super
did not reach volume production (current rate, 35 per
day) until Fall."
"Nonetheless," Mr. Weld pointed out, "Piper coVild
have built and sold, at least, 10.000 Cubs in 1946 but for lack of parts
and materials caused by strikes in various industries,"—V. 163, p. 2899.
steps remaining to be taken in
completed,., the Philadelphia Co.
system will be composed of one holding company and nine subsidi¬
aries
The subsidiaries would consist of one electric utility company,
two gas utility companies, one transportation company, and five other
companies. The operating companies would comprise four functional
company's answer sets forth the
this program.
When the program is
V
1
-
Cruiser which
•
•
--
•
-
Pitney-Bowes,
■
■
y^V.J
Inc.—Dividend Rate Increased—
\
3 declared a quarterly dividend of 15 seri'ts
stock, payable March 12 to holders of record
■
* ■' ■ *'• *
Payments last year were as follows: Feb. 20, May. 20 arid Aug. 30, s
10 cents each; Nov. 30, a quarterly of 12y2 cents and an extrayof^
10 cents,
-■
*—.. ....
«•- '
At the same time, the directors declared the fifth consecutive
;
terly wage-and-salary "dividend" for employees, feature of a profitsharing plan inaugurated in January; 1946: * The payment amounts
to 7%% of quarterly base pay for employees with three or more years ,
of service and proportionate payments to workers with lesser seniority.
It raises the rate from 7% to 7on quarterly base pay. v - ;r
The
per
directors
on
Feb.
share on the capital
Feb.
15.
•
be
-
-
.
it was announced that a letter will shortly
advising them that, because of New York
requirements, it had-been found desirable to move tbe
record from the 10th to the 15th days of February, May,
Following the meeting,
sent to stockholders,
Curb Exchange
date
of
same time allowing a longer Lime for
hereafter on the 12th days of March.
Decembetv—V. 164, p. 3149.
—
and November, at the
payment, which will be made
August
June, September, and
•
A.r
...
in 1946 produced 7,780 Piper
Special* and Piper Cub Suppt: Crdi8^r8,.,or .mor^ thap .twl'^e its
best prewar figure of 3,015 Cubs built ip, 1940...
t,
,
...,
Ted Weld
Piper's Vice-President and General Manager, says:
Ini¬
tial 1946 production was compartively moderate due to reconversion b
Cub
years,
voting power.
The SEC proceeding also raised the question as to possible com¬
plexities in the corporate structure of the company system.
As to
this, the company asserted that, with the exception of the Pittsburgh
street car system, there are no complications in its system which are
forbidden by the Holding Company Act, and that as to the street car
system, all complexities as may exist will be eleminated as a result
of the pending
reorganization proceedings involving the Pittsburgh
some
New
cumulative
of
Feb
its reply that it is a local company oper¬
territory as its subsidiaries, possessing an outstand¬
ating in the same
ing financial record, for the most part managed by local persons, and
thus -is not the type of holding company whose dissolution Congress
contemplated in passing the Holding Company Act of 1935.
The SEC action against the company is seen as the first of its
kind, wherein the SEC is seeking to tell a single local utility holding
company with local management and confined to a relatively small
area,
what businesses it may or may not retain,
&
;
Philip Morris & Co. Ltd.,
The company contended in
company
L.
P.
tlncludes gross income from
years,
more
holders.
sible
refund
$42,367
ef¬
than $2,000,000 a year.
If this co-ordinated
set-up were destroyed, the reply indicated, such action would adversely
affect both rates and service to customers and returns to its security
savings
13,94b
611,286
—
surplus
to
18:l'3y
.
12,309
320,024
—
dividends
♦Includes
its position was based, among other
1935 which showed that the coordinated
that
.103,987
-
115_9'1.3_8
.
—
dividends
Balance
company
also
S905,51o
income
gross
income
Net
.-^5,990
rgatr*
$835*5,70
130,075
*
Interest charges
Preferred
./•0JQ0G
145,666
•
—-—
^ri
income
Common
156,088
134,9.47
§*170
—--h.
Net"earnings.
Total
550,433
587,153
"■
tOther
1,810,647
168,116
taxes
property
01'"
-iq
$3,574,375
♦1,905,103
Depreciation
Other charges
■y.-vl.
1945
1946
$3,636,060
31—
Maintenance
challenged the power of the Commission to order
and a split-up of its properties.
and
the
company
things,
10 to a show cause order in a recent
that its system cannot be dismembered by
contended
y
of
or
Operating expense
Com¬
in its reply Feb.
the Commission,
•
1947,
8,
kwh.,
Debt discount and expense
company
Philadelphia
in
^
Gross revenue
and
Philadelphia Co.—Challenges SEC Authority to Dis¬
member System—
The
,
Philadelphia Suburban Transportation Co.—Earnings
2448.
The
Dividends
securities,
investments
1947.—V. 165, P. 216.
Income taxes
of
.(CD
Government
electric
ended
10.744,000
V.
31.
of May
and accounts receivable,
to
y
I
companies employ more than
and have almost 15,000 stockholders.
will hold hearings on these proceedings
SEC
The
SHEET, NOV. 30, 1946
equipment
payable
•/; j
persons
week
of
to
Jan. 2, 1947), -$20,837; reserves for possible future
contingencies, etc., $432,725; first mortgage :&'nd collateral'trust 20-year
4%
sinking fund bonds (due April 1, 19571, $184,000; capital stock
(par $20), $2,850,000;
earned surplus, $1,652,443; common shares in
treasury
(798 shares at cost), Dr$10,963;
total, $6,812,748.—V. 164,
1,213,995
4,183,700
♦Special charges
struction
and
amounted
1946
stQ^k (paid
mon
The
Operating
taxes
S.
as
30,
Nov.
patents, etc., $1; deferred charges, $38,996;
service in
Federal
plant
property,
U.
notes
$2,870,141;
]
.■,
Philadelphia Electric Co.—Weekly Output—
accrued local and franchise taxes, royalties ripd
$26,865;'Federal taxes on income (est.), $258,584; diViderid on
Pennsylvania Power & Light Co.— Earnings—
Period End. Dec. 31—
$0.61
of
$830,257;|
policy
also applied more than $5,000,000 to strengthen
total
amounted
1946
American
of
amounted
year
company
in
p.
all-time
an
the
making a
the last
reserves,
purpose
volume
ear-maiked
was
The
owners.
total
reached
also
Net
the
with
compared
$4,798
was
and efficient in all respects.
Co. and its subsidiary
starting Feb. 25,
anniversary
$53,128,307.
51,517
past nine
$464,065;
$52,380;
inventories,
LIABILITIES—Notes
,
aqd the largest gain for a single year in the history of the company,
according to an announcement made by John A. Stevenson, President.
The record-breaking gain in new business of $102,875,644 is more than
value,
$1,230,890;
goodwill,
t).
$84,056
$0.71
$2.05
share
common
ASSETS—Cash,
redemption
leading
$96,537
;
$299,898
per
company's
or
46,350
181,170
profit
J
■
of electric utility and gas utility companies in%tbe
parts of the same holding company is not contrary
-to any rule of public policy in Pennsylvania or We§t
as.
The Philadelphia
$130,406
64,350
law
10,000
8,383
$160,887
(est.)
CONSOLIDATED BALANCE
a
3,578
$481,068
taxes
$11,332,668 compared with $9,240,402
is
$122,022
1944
9,825
Federal
Ky.—Deben¬
Company
$157,309
(net)
before
Placed
tures.
2,443,965
to -any
The
Profit
Privately—G. L. Ohrstrom & Co. have
placed with an institution an issue of $750,000 deben¬
Peerless Manufacturing Corp., Louisville,
$2,565,987
2,416,989
(
consumers.
Virginia.
.
The Philadelphia Co. has been operated on sound and conservative
business principles and has never failed to pay its fixed charges! or
dividends on its preferred stock, and during each of the past 49 years
it has paid its dividends on its common stock.
The company's reply says that its subsidiaries have been operated
on a progressive basis, and provide service to the public that is ade¬
quate
income
The
tures
1945
$2,574,298
$471,243
.
sales
Operating profit
Earnings
215.
p.
1946
$4,115,040
3,643,796
shipped
net
of
Other
$27,427,247 $26,433,998
165,
sales
Cost
and
operation
territory
same
\ '.
' 1
♦ft;
ntoi".
SnHyHin
0Ou
Puget Sound Power & Light Co.
Sold
Northern Ry.—Boad to Be
Pittsburg Shawmut &
Operating
Operation
and Robert C. Sproul, Jr., trustees and
I receivers, announced Feb. 11 that a hearing on bids received by the
v trustees
for sale of the railroad and coal mines of the companj,,
ir either for scrap or for operations, has been set
for Maich 3 at wmcn
! time, all additional bids will be considered Bids ranging »P i0
'•$1,200,000 have already been received. Railroad and mining companies
i?will be sold together or separately.
vV Bale of
these properties will terminate what is believed_ to be
| America's oldest railroad receivership, the company having been in
ithe hands of the courts since 1905.
,
The railroad properties to be sold include 172 miles of main tiack,
| from Wayland, N. Y., via Olean, N. Y., and St. Marys, Pa., to Hyde,
&Elk County, Pa.; 44 miles of side track; telegraph and telephone
'poles and wire; 462,000 cross ties; 27,500.gross tons rail; 3,100.tons
I-bridge steel; miscellaneous track material; 16 freight and yard
Buchanan
C.
Thomas
,
„
.
.
authorized
of the line has been
Commission.—V. 165, p. 815.
Abandonment
'Commerce
,
creditors
the
of
company,
He said his findings are based on evidence
feature
One
reorganization
the
of
is
Transit
Co.
effected
by the sale.—V.
$5
in
$1,200,466,000
as
to .policy owners
also reached
of
increase
6%
47%
the
over
new
a
the
sold
$511,659,000
in
years.,
The. average new
also
the highest in
the
occurring by lapse
amount
of
made
beneficiaries
longing
to
owners
or
in
for
the
at
were
policy amounted
the
to
previous
$6,508
of
to
increased
beneficiaries
by
the
in
$26,871,000
by
1946
$32,749,000.
since
the
amounted to $833/480,000.—V.
to
company
admin,
and
Total
founding
of
assets
to
payments
the
.
-
.
pari
Feb.
for
11,
19,372,140
1
similar
f
of
dividend
1/20 of
stock of
common
each
,
quarter
to
and
a
share
the
of Indiana
incl.
June
1,
Gas
Payment
company.
1949
is
or
be¬
1865
property
by
that
date
the
if
number
shares
of
the company remains unchanged.
At Dec. 31, 1946 the company's investment
consisted
of
600,000, shares carried in the
of
stock
a
presently
common
stock
__
than
The
the
(approximately
cost
$14.25
per
share),
in
Indiana
Gas
.
.
stock
company's
and in order to facilitate its sale or distributon, such
shares
were
reclassified
during
1946
into
570,948
shares
of
the
Indiana Gas stock. During 1946,
Indiana Gas also issued and the
,
company acquired 29,052 additional shares of the Indiana Gas stock
/ /// for g, cash consideration of $290,524, such cash being used by Indiana
Gas to pay for capital additions.—V. 165, p. 815.
4%
3 Vt %
trust
collateral
cum.
—
31,
y:H/:Taxes,-other than income
and
Fred
share,
$50
Gross
24,374
$3,345,019
1,049,193
Net .income
$2,295,826
'—-V; 162, p. 2835.
'Ji **
•'(
tvZ
.
8l 1947' totaled 224,336,000 kwh.,
compared
w*k last ycar- a" ln'
as
JPuritan Fund, Inc.,
Boston—Registers With SEC—
"
2,556
$114,365
$82,107
$77,616
Chairman,
Feb.
on
Vice-President
as
Eastern
states,
whose
in
12, announced the election of
charge of Republic's hardware
be in New York,
will
headquarters
War
Assets
his position
Administration,
Deputy Zone Administrator
No. 3, with headquarters in
as
Zone
directors
Feb.
on
the
on
declared
4
E.
Tolleson
number
a
has
Carl
of
25,
elected
been
A.
Houy
have
men
dividend of 60
semi-annual
a
c^nts
payable April 25 to holders of record
the folldwing payments were made: "On
stock,
capital
60 cents.
Vice-President
in
Superintendents
been
in
Vice-President
as
of
chai'ge
charge
with
the
of
oil
gas
company
years.
INCOME
ACCOUNT
Dec. 31, '46 June
30, '46 Dec. 31, '45
Revenues:
Natural
Oil
sales
1,770,928
$1,350,082
1,244,511
42,150
33,043
$3,356,206
gas
$2,627,636
1,112,867
$1,543,128
production
Other
Total
Prov.
depletion and depreciation
$1,202,731
1,115,323
34,476
508,632
49,836
$2,352,530
996,760
466*59
36,308
$956,301
$1.32
1,216,833
for
$853,103
$1.18
584,512
Interest
(& Subs.)—Earnings—
50,284
profit
1946
1945
$13,198,249
3,254,311
2,349,025
Federal
1,238,851
1,549,564
to
taxes
profit
No.
of
Earned
—V.
367,526
shares
deduction
a
and
syndicate headed by Almstedt Brothers and The Bank¬
Bond Co. on Jan. 21 offered 40,000 shares of common
ers
(par $2.50) at $9 per share.
to
borrowed
of
shares
concurrently
or
will,
stock
common
together
other
with
funds
secur¬
of
the
com¬
be used in paying the cost of a new plant now being constructed
company, and in otherwise financing the business of the com¬
pany,
pany.
GIVING
CAPITALIZATION
EFFECT
PRESENT
TO
FINANCING
Authorized
($2.50
stock
Common
"2V2'r
t3 Va%
par)
Outstanding
264,972 shs.
400,000 shs.
$200,000
note
note
300,000
"Unsecured,
ginning
payable
date
with
$40,000
annually
ments
of
and
payment of $60,000 on the twelfth
a
$40,000
beginning
each,
over
tUnsecured,
issue.
of
the
sixth
period. be¬
5-year
a
payable
in
6
after
year
COMPANY
June 25,
and
annual
date
of
BUSINESS—Company
was
organized
pay¬
Kentucky
in
business.
1943, the company, at a cost of $225,455, acquired
capital stock of Tomlinson Paint & Varnish Co. (111.).
company
all
owns
the
of
capital
stock
Reliance
of
all
Varnish
(111.).
the
and
its
and
subsidiary, Tomlinson Company, are engaged
manufacture and sale of paints, varnishes, lacquers, enamels,
fillers, and other finishing materials for use by industrial
the finishing
in
consumers
radios,
manufactured
also
solely
the
of
and
only after receipt
of finish required.
of
the
or
machines,
metal.
office
limited
A
as
furni¬
equipment
amount
of
and its subsidiary are made
a
product is manufactured
company
Usually
order
an
washing
wood
consumers.
of
metal products such
for the maintenance of industrial properties
sold.
of
products
industrial
to
stoves,
made
architectural finishes used
Sales
of wood and
refrigerators,
articles
other
from
For that reason
a
no
customer
specifying
the
of
the gross
months
10
ended
Sept.
substantial amount of finished
30,
1946,
income
on
and
The
company
claims as
intangible costs of drilling
basis.
It is impractical
income tax liability before the
statutory
a
June
on
taxes.
the
purposes
the
1947,
30,
BANK
LOAN
the company
states.
OBTAINED
V4
of
of
the
company
proportion
such
credit
to
per annum stand-by charged on the unused amount
The new loan matures on Sept. 16, 1949, but the banks
of
1 '■
credit.
the
be
additional
amount of the loan
equal consecutive
and endihg on
March
16, 1956 with interest at 2'<
per annum.
The company has
the right to repay all or any part of the loan without premium at
any
time upon 30 days notice, and has agreed
that it will not
permit consolidated earned surplus to fall below $5,000,000.
In accordance with the authorization of the shareholders at
their
have
agreed
then
that date the
outstanding
into a new loan to mature in ten
instalments begihning
Sept." 16,
1951
semi-annual
annual
of
refund on or before
to
meeting
the
1, 1946 the capital stock in the treasury
wholly-owned subsidiary, Republic Company,
Oct.
on
and
company
its
aggregating 95,469 shares was cancelled and the articles of incorpora¬
tion
of the company were amended,
whereby the authorized number
of shares of capital stock was reduced from 820,921 to 725,452 shares.
Republic Company was dissolved.
CONSOLIDATED
CONDENSED
BALANCE SHEET
Dec. 31, '46 June 30, '46
$14,170,999 $13,188,048
1,123,826
577,249
659,426
482,201
70,144
60,665
ASSETS
"Properties
Cash
banks
in
current
Other
and
on
hand
assets
assets
$16,024,394 $14,308,163
Total
LIABILITIES—
Accounts
2%)--
314,670
65,914
30,000
expenses
taxes
Income
30,
June
banks,
payable
Accrued
Other
44,474
payable,
$4,300,000
290,148
inotes
$5,000,000
14,471
debts
Long-term
applicable
to -fiscal
year
ended
1946
liabilities
Capital stock (par
Capital surplus
Earned surplus
33,435
25,166
1,450,902
2,295,006
1.450,902
6,895,957
and
5,826,504
reserves..
value $2)
2,295,006
....
type
products is carried in stock.
the
of
provide
Other
March,
company
for
tax
program
will
years
to
issue,
the note.
anniversary date of
1919, since which time is has engaged exclusively in the paint
varnish
the
Co.
in
AND
year
development
three
advisable
paying
the delivery of the
with
offered, company proposes to borrow $500,000. The sum so
and the net proceeds to the company from the sale of 40,000
now
$2.07
as now planned for the
that it was considered
supplement funds available
for this purpose from current operations and
on Sept. 16.
1946 the
outstanding
long-term
debt
aggregating $4,300,000
was
refinanced.
The company obtained a new bank loan at the same rate of interest
of 2%
and took down $5,000,000 out of a total credit of $8,000,000,
The
PURPOSE—Prior
$1,504,577
taxesi
depletion
NEW
next
ities
taxes..
deductions
fiscal
$2.25
164, p. 2962.
stock
income
these
the
of
inc.
indicated
is
for
computes
estimate
close
income
(before
302,639
*
$5.40
share
per
estimate
No
799,460
2,015,460
Federal taxes
after
common
share
per
wells
charges
after
before
income
Earns,
$19,323,498
sales
Sales
approximately
58%
sales of the company and its subsidiary consisted of sales
widely
are
consumer
0n ^eb- 3 filed a registration statement with the SEC
TTmwS'ritL/
°L c^3lt^ Stock (par $1), to be offered at market.
iJrSSSiS
& Co- and Tlle Crosby Corp. The Fund
iivpriifSUfr■ ? Investment Company Act of 1940 as an open-end
.diversified investment
disbursed,
exceeded
of
shares
are
of
the
management
type.
in
no
year
have
sales
to
of
names
stock
common
the
several
agreed
to
underwriters,
be
purchased
$16,024,394 $14,308,163
Xotal
"After
Dec.
provision for depletion and
and $6,955,458 at June 30,
31, 1946
depreciation of $7,460,933
1946.—V. 164, p. 2058.
at
Almstedt
The
Brothers
Bankers
Stein
Bros.
Smart
&
O'Neal
Benvyn
Bond
single,
the
Net
them
Net
and
by
Republic Steel Corp. (&
Subs.)—Earnings1945
1946
calendar Years—
1944
415,749,805 500,815,000 531,235,000
sales
25,033,468
26,643,443
41,530,396
9,000,000
17,100,000
31,400,000
16,033,468
profit before taxes
fof Fed. inc. & excess profits
12,000
income
Net
Company
T. Moore & Company
8,000
Earned
2,500
Wagner
&
taxes
9,543,443
10,130.296
$2.53
$1.36
$1.44
12,500
Co
& Boyce
Alden
a
Prov.
No. of Shs.
■
of
and
the gross sales,
follows:
as
T
company
of
6%
UNDERWRITERS—'The
number
respectively
D
2,819
6 Months Ended—
finishing materials to manufacturers of wood products, and the
remaining 42% consisted of sales to manufacturers of metal products.
Engineering & Service Corp.—Output—
the °Perati»g' companies served by corporation for
0ULP",t
fn%
717
of
-
"
37,073
5,600
Both
Federal
Sold—The
Calendar Years—
Net
During
:
47,242
Avildsen,
and
for
General Works Manager and a director of the
been elected Manufacturing Vice-President.—V.
165,
has
Net
$3,320,645
income
21,079
Cowherd has resigned
Net
ture,
197,000
Deductions "from gross income.
25,299
50,673
12,008
$189,477
production,
160.29
27.57
par
Corp.—Stock
Oil
Reliable Stores Corp.
is
S \
61,048
578.
stains,
1,325,000
——
$193,219
24/891
21,484
taxes
production,
Harrell,
company,
p.
1,204,930
Net operating income
Other income
$218,109
26,682
Expenses
E.
2,198,286
1; 363,801
profits
$184,329
,24,009
104,312
tax.
342.
p.
The
4,959,210
excess
6,893
2734.
p.
the
Max
$2,634.36
bond
share
common
The
/JSiHtate income taX_.
4':;!" Federal income taxes
$186,325
7,481
April 15, 1947.
Last year,
April 23, 40 cents; and on Oct.
Reliance Electric & Engineering Co.- -New Vice-Pres.
1946
______
$210,628
$335,407
income
per, share
New York, has sold 105,800 shares of .common
stocik (par 50c) at 85 cents per share. Proceeds will be
used for working capital.—V. 165, p. 342.
4?
_
$174,893
9,436
Republic Natural Gas Co.—Declares 60-Cent Dividend
Corp.,
of
$14,588 875
Operating expenses and taxes:
s'/si/ a Operation _i—
%; £ Maintenance
Vv. Depreciation _L___
$319,505
____
Chicago, after spending 2'/2 years in government service—first'with the
Finance Corporation
and later with the War Assets
Administration,
fcrior to taking a government position, Mr. Cowherd
was
associated
with
the B.
F. Goodrich
Co., rubber manufacturers,
Akron, Ohio, for 22 years in various administrative and sales positions.
—V. 164, p. 2963,
Jan. 31, 1947, the company
outstanding securities as follows:
preferred
conv.
Reiter-Foster
In
Public Seiwice Co. of Oklahoma—Earnings—
EARNINGS FOR 12 MONTHS ENDED OCT.
438,372
Reconstruction
sf-
'■myOperating revenues
455,046
15,901
Cowherd
in
the
of
1,048,134
,
T.
Mr.
of
as
thereof.
investment
488,861
CONSOLIDATED
investment account
at
which was $287,152 less
investment in the stock of Indiana Gas consisted
initially of.277,500 shares (no par), which shares were acquired at
an
aggregate cost of,'$8,545,056 and represented all the stock of
Indiana Gas outstanding. Anticipating the eventual disposition of this
'
493,368
1943
.
—Elects Two New Vice-Presidents—Semi-Ann. Report—
market quotations
asset coverage of its
net
165,
-Years Ended Nov. 30-
Y.
N.
by the
of
$8,543,428
date.
same
1,931,799
income
sales
10,248,753
6,229,604
10,248,753
7,707,267
.
upon
Per
—V.
A
contemplated, and on such basis 553/888 V2 shares of Indiana Gas stock
(which 4s over 92% of the total Shares now outstanding) would be
distributed
annum
Republic Drill & Tool Co.—New Vice-President—
_$136,861,212$134,744','608
Per
of
of
per
$2,556,497
profits
Clarence
165, p. 342.
Based
31,
share
6%
1944
income
164,
Ben
18,233,734
1,032,301
other physical
on
Net
—V.
164, p. 3149.
and is at the rate of
each
of
1,811,411
deductions
The
1947, directors declared a quarterly dividend on the
common stock payable in common stock of Indiana Gas & Water Co.
(par $10). This dividend is payable March 1, to holders of record
>
rate
annual instalments of $40,000
the date of issue, and a final
anniversary date of the note.
$2,477,986
income
Kentucky
Reliance Varnish Co., Louisville, Ky.—Stock Offered—
Jan.
the
at
.
5.04,443
1,000,000
for loss
Total
/Public Service Co. of Indiana, Inc.—Distribution—
On
insurance
1,764,477
expenses
Total
514,696
credits
—
—V.
policy
in
company
the
to
1945
.Operating profit
Other
$13,750,000 $13,750,000
21,778,790 21,778,790
51,475,000 51,475,000
1,687,500
2,812,500
1,125,000
—
1,742',806
1,840,344
171,875
171,875
75,863
73,761
4,942,761
6,345,486
209,539
219,269
26,921
42,905
stock
deposits
surplus
Earned surplus
10
owners
payable
$2,428-,232
excess
declared
Net
policy
ledger
the
riorihal ahd surtax
Capital
insurance,
life
date
Sell., shipping, gen. and
year,
peak ,in
thereof,
the
$2,521,962
Fed.
current liabilities
Reserve
an
increase
an
highest
issued
Other
Reserve for Federal income taxes for prior years
force.
credited
or
amounted
them
reported
representing
be
110,476
Depreciation reserve
company's history. Voluntary terminations
surrender amounted to only 1.3% of the average
or
insurance
Payments
$544,618,000,
will
notes
114,715
.
($10
deferred
Total
Philadelphia—
1Q46 aggregated $112,426,000,
figures" which
1945
1945
March—
of
issue
from
annum
1,709,088
Railway & Light Securities Co.—Asset Value—
total
and
thereof
177,701
accrued
Other
re¬
company
high
date
—
-Interest accrued
Per
over
New' Insurance
r
stock
Customers'
stands at an all-time high of
of the end of 1946, according to the annual report
made on Feb. 10. by M. Albert Linton, President.
Assets
the
from
—-
1st mortgage
reports
the
a
10 Mos. End.
$136,861,212$ 134,744,608
Dividends
165, p. 2157.
of
of
after maturity, and payable
five-year period beginning
note
one
maturity, and payable in six
begihning the sixth year after
payment of $60,000 on
the
twelfth
71,192
bonds, 1972
Serial Notes payable to banks, due 1948-1949__
Notes payable to banks, due within one year
Accounts payable
Finance
force
(bt
each
88,878
prior preference
4(4%
Reports New Highs—
Insurance
and
20,200
2,307,660
1,016,549
deferred debits
Common
considered by the SEC.
sale of stock of Portland
Provident Mutual Life Insurance Co. of
issue
over
Insurance
company
by the cOhrin the principal
the
of
term loan
a
Life
principal amount of $300,000 to be dated as of the
thereof, to bear interest at the rate of 3V2r,\ per
16,855
2,184,740
1,120,587
Total
Corporation has
agreed to provide
this company and its affiliate, the Protective Indemnity Co. with
fresh capital and surplus up to $3,000/000, it was disclosed on Feb. 11
!,by New York State Superintendent of Insurance Robert E. Dineen.
Mr. Dineen said that proposals for supplying
the needed capital
through private channels were examined, but none was foUnd to be
acceptable-. The plan, which must be approved by the common stock¬
holders, contemplates certain changes in management satisfactory to
the department and the RFC.—V. 159, p. 47.
Reconstruction
$40,000
date
per
annum
after
Both
Mutual
issue
Fed.
$3,000,000 Loan—
The
of
the
.
Preferred Accident Insurance Co., New York—Plans
,
date
in
the
of
129,456
Materials and supplies
and the Interurban Railway for $7,966,000 to Portland
The judge said an income tax saving of $1,000,000 was
Co,
the
date
per
of
instalments
2V2%
of
6%
the
of
as
rate
of
the
rate
31,
1946
Prepayments
.
Traction
annual
company
$130,359,380$126,392,122
1,573,615
2,201*94
1,210,000
2,510,000
plant and other investments
Total
*,proposed by the independent trustee. He said he found the plan fair,
equitable and feasible and in compliance with the Federal -BankI'ruptcy Law and he approved submission to stockholders and creditors.
.
in
entered into
The
the Trust company
Sept. 30, '46
Treasury securities
Special deposits
Notes and warrants receivable
Accounts receivable, less reserve
Fair—
undergoing
now
at
$3,329,029
$4,664,820
U. S.
organizing under Federal bankruptcy laws shortly will receive the
eecohd alternative reorganization plan, as amended for approval.
Federal Judge J. A. Fee, Portland, Ore. has approved the, plan as
,
687,500
Cash
Taxes
and
$4,017,329
687,500
interest
thereof and at the
Net sales
With SEC
Portland Electric Power Co.—Plan Found to Be
Stockholders
$5,352,320
preference dividends paid
COMPARATIVE CONSOLIDATED BALANCE SHEET DEC.
Feb. 4 filed a letter of notification with the SEC
for 63,500 shares (no par) common stock, to be offered at $2 a share.
'"•Underwriters, McAlist'er, Smith & Pate, Inc., and W. F. Coley & Co.,
Inc., both of Greenville, '8. C.
Proceeds will be used for payment of
outstanding bank loans and real estate mortgage; erection of new
1
plant, purchase of machinery and for increased working capital.
'
$360,100
bear
and
Co.
one
"Decrease.
on
company
$6,336,414
2,319,085
LIABILITIES—
Plasticbilt Corp., Paris Station, S. C.—Files
The
$7,617,596
2,265,276
Balance
Interstate
the
by
$553,195
193,095
ASSETS—
/
.
$6,426,701
90,287
amount
to
Trust
providing for the borrowing by the
evidence such borrowing, for the issue
CONSOLIDATED INCOME STATEMENT
operator of the West Freedom
"•Mining Co. of Carnegie, Pa. was reported Feb. 7 to have offered to
\ buy/.the
road and mining properties along the right-of-way for
61,200,000. Robert C. Sproul, Jr. of Pittsburgh, a trustee for the rqad,
%aid* Mr. Flndley's proposal was "the best offer received yet." He
/'added that the, Pennsylvania. RR, had offered t». buy portions of the
ftrackage. He said also that the offers Would be submitted to Federal
^District Judge Guy K. Bard in Philadelphia with a request for a
,
$7,695,703
78,107
$681,314
189,425
amortization-_
Balance
Total
(
$555,116
1,921
$679,124
__
inc. deducts.—net
Prior
_
•'hearing early in March.
revenues
(at
annum-
Findley of Mt. Lebanon, Pa.,
W.
Cr2,190
$491,889
oper.
and
Int.
*$1,200,000 Offered for Road—
H
1,633,012
4,325,000
3/240,490
234,251
289,535
Balance
,
miscellaneous mining equipment.
in addition to
tons,
46,000,000
>
1,762,951
2,460,000
3,476,645
Louisville
note payable to
of $200,000 to be dated
of
pany
1,956,236
138,250
500,882
319,036
with
Co., New York,
$500,000 and, to
with
Net
Other
to be sold include 15,791 acres of coal
Jefferson Counties, Pa., approximating
The "coal mining properties
hjands ih Elk, Clearfield and
4.
2,222,849
143,476
261,000
—
taxes
Other
gondola cars, 8 cabin cars and other
106 hopper and
^miscellaneous equipment.
209,800
Depreciation
Federal income taxes
LOAN AGREEMENT—Company has
agreement
1946—12 Mos.—1945
$2,663,616 $30,052,972 $28,649,520
916,081
12,434,824
11,068,081
$2,763,159
1,180,224
—
Maintenance
.
^locomotives;
revenues
Monday, February 17, 1947
TERM
(& Subs.)—Earnings
1946—Month—1945
Period End. Dec. 31—
-for Scrap
;i&
FINANCIAL CHRONICLE
THE COMMERCIAL &
f944lC:
—V.
2,500
2,500
per
164,
common
p.
share
2449.
(Continued on page 9B2)
■<:
Volume 165
Number 4569
■
■.
!
■
-
..
THE COMMERCIAL & FINANCIAL
CHRONICLE
Stock Record
«»
945
New York Stock
Exchange
OKILY DANCE OF PDICES
WEEKLY VOLUME OF TKADINC
YEARLY RANGE OF SUE PRICES
FOR FVFRV I isrrn issnr
LOW AND HIGH SALE PRICES
Saturday
Monday
Feb. 8
$ per share
81 %
•95
Tueiday
Feb. 10
Feb. 11
Sper share
81
81%
110
$ per share
80%
81 %
*95
110
10%
10%
10%
47%
46
*95
10%
47%
48
STOCKS
Wednesday
Thursday
Feb. 12
S per share
80%
$ per share
*78%
1073/4
*95
10%
9%
48%
47%
17 J/4
1.7
17 %
17
17%
48
49
49
49
*36%
36%
36%
36%
36%
36%
10%
10%
10
10%
10
10
38%
37%
112
30%
30%
*96%
99%
5%
30%
46%
61
21%
5%
61
46
21%
179
178%
*21%
21%
179
22
22
34%
102
103
21%
21%
179
179
180
22
22
22
22
34%
103
21%
177%
63
47%
34%
34%
35
35%
600
36
4,000
37%
36%
9,300
21,800
29%
29%
2,000
99%
99%
20
5%
4,700
A aslca
21%
179
400
Allied
35
35
1,500
Allied
Mills
12,400
Allied
Stores
1,000
37%
36%
37%
36%
100%
100 V2
37%
100%
100%
100%
37%
38%
37
38
9,400
X98 %
98%
98%
98%
1,100
38%
39
38%
98%
99
*98%
99
34
*33%
34%
7%
8
39 %
38%
39
98%
98%
X33
33
*7%
7%
52%
*43%
52 %
*48%
82
82
*79%
81%
79%
41%
41%
41%
41%
41
•48
9%
7%
.
33
8
7%
52%
10%
10
10%
71 %
70%
71
70%
30%
31
30%
31
7 5 V2
77
*75%
77
•75%
*
77
9%
79
89%
41%
9%
10%
71
1,800
30%
31
30%
30%
*75%
77
*75%
16%
16%
17%
16%
17
49%
49 %
48%
48%
47
16%
47%
47
48%
45
7%
133
7%
7%
96%
98
192
7%
97%
•190%
*190%
54%
54 %
*130
96%
192
192%
112
112
27%
112 %
112%
28
28
111
*108
*151%
152%
26%
26 "4
25
23%
23 %
Am
127%
20
7'/a
7%
11,800
93%
95%
3,300
189 %
189'%
220
54%
54%
111%
112%
27%
28 %
54
3,100
113
2,600
6%
16%
6%
16%
16 %
16%
16%
16%
16%
•16%
16%
18%
19
18
1,500
18%
18%
19%
19%
6%
6%
18%
6%
13,100
6%
6%
6%
6%
6%
112%
112%
112%
112%
6%
112 %
1131/4
Xll0%
25%
24%
40
25%
100%
101
101 %
8%
8%
52%
31%
53%
31%
10
10
•106
112
12%
40
*39%
6%
112%
113
110%
24%
23'A
24%
X99 %
99%
800
40
•39%
40
200
8
3,500
40
8
8 %
7%
8%
*53
54 %
•52%
54%
317/e
x31
31%
10
10
312
*106
*106
30%
10
112
9%
9%
31
39%
•7%
•52
112
30%
301/4
10,
•lOft
54%
9%
9%,
•106
29%
Car
&
Fdy
:
preferred
115%
25
*100
American
100%
99%
100
100
15%
15%
15%
$7 preferred
31%
30%
*135
14 %
36%
15%
137
*135
14%
137
1,400.
American
6%
363/4
106%
15%
*177
180
37%
Internat
107
106%
107
*106%
16%
15%
15%
16%
15%
37
106%
16%
137
38
38
38
38
*155
158
*155
37
36%
37
36%
27 %
27%
27%
28
26%
26%
271
27%
44 %
*143
*54%
172%
44 %
a
145
55
4
145
145
*54%
17134
172%
35%
55
600
106%
15
107%
107%
630
15%
6,700
107%
15%
58%
166
•38
•155
59%
167
39%
158
15 %
*22
23
300
37
37
18C
58%
58%
166%
*38
*155
167
39%
7,800
410
900
158
400
American
Sugar
*145
*53%
172
147
*145
55
*53%
173
172%
150
55
200
100
78%
2,200
10
78
•117%
17%
18%
17%
18%
*102%
105 %
*102%
103%
25,700
102%
102 %
*101%
103%
100
46%
49
110
50%
110 %
*106%
110
101%
103%
100
98
10
9%
68%
68
101 %
9%
68
46
9%
118%
10%
68
68
*96
9%
*67%
101%
10
20,700
40%
41%
40%
41
40%
41%
40%
40%
51
51
50%
51 %
50%
51%
51%
52
51%
52
47%
47%
48
47%
111%
*110
111%
52%
52 %
*51
52 %
17%
17%
17%
17%
17
16
16
*16
48%
*110
111%
*52
52%
17%
•15%
17%
16
47%
110
48
110
51%
51%
17%
17%
*15
16
5%
5%
5%
5%
5%
5%
5%
5%
38%
38%
38%
38'%
38%
38%
38%
38%
14%
14%
14
14%
121%
*121
121%
158
*155
159
12l3/4
*155
For
footnotes
see
page
13%
*121
155
14%
121%
155
14
121%
14%
122
*151% 155
46%
*109
*51%
47%
111
52%
17
17
*15
17
5%
X38
13%
3,800
6,700
500
41%
47%
107,600
2,300
68 %
41%
*110
3,100
18%
9%
109% Jan
29
5%
8
Jan
115% Jan
6
100
830
3,700
10
400
1,800
40% Jan
27
,37%
8% Feb
3
5%
Oct
12"%
53% Feb
8
44%
Oct
63
Jan
35%
Nov
49
Jan
16
30
Feb
4
8% Jan
16
106
Jan
14
24% Jan
10% Jan-. 24s
106
Jan* 4A
4
10% Jan
12% Jan
x34%JanlQ
13
115
12% Jam 31'
2
14
30% Feb
116
15
Jan
Jan
18/
10
Jan
$ per share
9
99% Feb
11
13% Jan
21
29 % Jan
16
32
31% Dec
8% Sep
6%
Jan
9
137
Feb
24% Jan
134
23
Am
American
Anaconda
Anaconda
Anchor
11
Oct
Sep
60
Sep
22%
$4
20
14
10
34% Jan
14
Jan
3
153% Jan
25
30"% Jan
13
26
Jan
22
25% Feb
5
40% Jan
15
142% Jan
102% Feb
13
26% Jan
16
14
103 % Feb
48
Jan
170
Jan
16
76% Feb
10
79 % Feb
14
153
Jan
3
14
x52
Jan
16
100
116% Jan
9
No par
14% Jan
13
100
&
28
6
—100
25
Glass
37
3
No par
93
Jan
No par
80
„
Jan
Jan
15
13
10% Jan
25
68*~ Jan
14
68 % Feb
13
6
10
50
37% Jan
22
41% Feb
1
Cable
9
No par
45%-Jan
46% Feb
14
No par
Jan
16
16
Jan
13
20
15
Jan
9
5
4% Jan
20
No par
5
33% Jan
13
Copper Mining
Armour & Co of Illinois
prior preferred
109
No par
preferred
12% Jan
xll8
100
Jan
150|
95% Feb
14%
Dec
20
19
Sep
Sep
52
33
Apr
73% Jan
45% Sep
165
Oct
191
34% Dec
160
172
27% Nov
50% Feb
25% Dec
43
38% July
38%
Sep
Oct
158
138
Sep
47% Jan
159% Nov
73
Oct
13%
174
-
Sep
Oct
^
-x • *
-
16
16
r
c
July
.May
Jun
28%
Jun
Feb
110%
70%
Dec
Jun
182%
Jun
105% Nov
,
Sep
15% Jan
90
8
35
Oct
51% Feb
41
Sep
60%
38
Sep
62% May
108
Dec
Xll4% Mar
6
29
7
10
6
24
10/
15%
1
/-ir*'
May
Jan
x64% July '
43% Jan
Oct
27% May
24%
13% Sep
4% Nov
26% Mar
Feb
10% Peb
41 %
Dec
18% May
July
10% Sep
112,
Sep
125
Oct
S139
;
172
..
mi
w
jr,
79
121
Sep
102% Sep
29% Jan
100% Dec
87%
Apr
Jun
99% May
100% May
48% Oct
116%
Apr
67%
200%
76% Oct
150
May
58% Feb
i
*
Apr
24
V-
v
Apr
Feb
50%
Jan
Dec
955.
<■>
Aug
33% Feb
7
17% Jan
16
Jan
5% Feb
38% Feb
14% Jan
130% Jan
161,. Jan
30
Jan
Feb
Feb
42% Aug
108% July
64
52
2
46% Jan
10
21%
23
186
Feb 13
51
Jan
4
111% Feb
7
52% Feb
8
15
12.50
Corp
preferred
conv
11
36
22% Feb
4
37% Feb 11
60
Jan 10
169% Jan
6
38 % Feb 11
158
Jan
6
16
Feb
100
Archer-Daniels-Midland
$6
52% Jan
164
Nov
27% Jan
16% Feb
Anderson, Clayton & Co
Anderson-Prichard Oil Corp
VX*
12%
Jun
133% Aug
123% Aug
Xl73% Nov
107% Feb
_100
1,500
1,100
16
No par
38%
24,000
21
16
A P W Products Co Inc
14
Jan
32% Jan
17% July
Apr
97% Jan
88% Jan
HI
No par
Wire
July
10%
122% Feb
Feb
17
Feb
177
Feb
37% Feb
25
Jun
163
34%
No par
Hock
Jun
Jan
16
Copper Mining—*
Jun
43%
Oct
Feb
24
preferred
25%
14% Feb
Woolen
conv
106%
1
16
No par
prior preference
45 % Mar
Nov
12% NOV
38
100
Elec
Oct
98
13
19% Jan
Corp
21%
$ per share
13
preferred
prior
Jan
Highest
$ per share
22
13% Jan
Amer Zinc Lead & Smelt
$5
Jun
May
Jan
104% Jan
Preferred
Conv
119
133% Dec
No par
No par
Tobacco
&
15%
44%
Sep
23%
5
Refining
Wks
May
16%-Jun
11% Jan
35
100
preferred
1st
6
15
3
28
No par
class B
Water
$6
Jan
101
Jan
15% Feb
10
preferred
5%
Jan
1181;
9% Sep
11% Mar
22% Nov
12% Jan
1
No par
Viscose
Jan
187/»,Mar
99%, Jan
111
May
55%
Year 1946
Feb
Tobacco
Common
118
Lowest
$ per share
No par
Co
600
122%
129% May
44% Apr
6
No par
100
San'y
5%
154
Sep
13
No par
Telep & Teleg Co
American
Jun
6% Jan
No par
Andes
121%
Oct
38% Jan
Co
100
154
11% Feb
23 %
28% Aug
14% Jan
Sep
Sep
8
Feb
Feb 10
7
29% Jan
2
x45
Jan
11
146
Jan
54% Feb 11
4
174% Feb
5
82% Feb
5
84% Feb
162
Feb 10
3
58% Jan
7
118% Feb
8
18% Feb
106% Jan 30
50% Feb 13
110% Feb 13
American
118%
78
July
Range for Previous
Foundries
Sumatra
Amer
118%
68%
6% Feb
Range Since January 1
Lowest
Highest
Preferred
Am
9,600
*117%
78
Steel
172%
17%
95
14
75
Oct
5% Jan
Jan
Jun
17% Nov
9
Apr
32%
108
Sep
13%
19% Jan
15
100
43
*117%
10
5%
16% Jan 31
16
25
*42%
18%
68%
7
6
16% Jan
STOCK
preferred
43
17%
95
6% Feb
5% Jan
15% Feb
1
Snuff
non-cum
43
180
9%
American
Stove
2,500
91%
6
No par
Stores
79%
*67
Jan
100
American
109%
46
100
Preferred
American
108%
.Jan 13
97% Dec
41% NOV
No par
Rolling Mill
4%% conv preferred
American Safety Razor
American Seating Co
Amer Ship Building Co
Amer Smelting & Refg
Amer
53 %
108%
Stand
&
900
161 %
106%
Rad
1,500
49
20%
4
Light com—No par
6,600
46%
4
Feb
111
Co
&
27
79%
48
News
Power
27%
53%
45%
Molasses
American
36
161%
107
Feb
99
100
27
80
44%
of
Ltd
American
Amer
6%
55
42
24
13
161
105
Sep
16
22
Jan
54 %
106
34%
14
79%
*102%
Oct
176
159%
118
17%
100
161
118
7
1
Preferred
80
18%
26% Feb
No par
36%
182
79%
119
Jun
13
Am
35%
81%
183/8
Feb
164%
10
preferred
35%
55 %
150
Sep
American
16%
*177
37
80%
•118
Co
Co
*26%
-54 3'4
Sep
120
156
20% Jan
37
Jan
104%
15,800
16%
182
40%
9
50
Fdy Co
26%
160
•
6
30,200
35%
82 %
56%
1
Jan
16%
16%
•177
82
162
8
13
77%
56
42
16
76%
162
45% Jan
Jan
78 %
57%
210% Mar
Jan
76%
163
Dec
1
Metals
36%
27%
54%
184
No par
Co
preferred
&
26%
173
28
114
79%
57%
&
cum
27%
172
Jan
102
79
*159
Mach
3.90%
36%
54%
172%
Amer
27%
150
193
Par
27%
*145
6
110
No par
YORK
36%
43 %
Jan
186
100
%
43%.
106%
1
preferred
Corp_
27%
x27
44 3
*43
38 %
158
Oct
No par
37
158
14
Sep
79
No par
22%
37%
5%
8
preferred
22%
*155
8
Feb
preferred
37
166
Feb
Jan
7% Feb
129
98
$6
22
164
17%
$5
37 "2
166%
Oct
16
2,100
22
*165%
May
2,200
36
165%
15
13
120
22%
165%
Apr
133% Jan
64%
xl37
110%
37
58%
Oct
119%
22%
x57 %
36%
110
37
58%
3
120
23%
57%
Feb
110
36%
8
Jan
50
120
36%
57 7
30
110
*22%
57%
Nov
3
EXCHANGE
6%
600
15V8
NEW
120
58,200
182
12%
40
preferred
135%
15%
x35%
7%
135 %
36%
*177
5
90 % Jan*
20
j*
non-cum
Metals
15%
37%
Jun
17% Feb
13
5"% Jan
No par
Amer
Amer
*137i8
180
36%
88%
13
Feb
72% Oct
No par,
American Ice
2,300
36 %
CLOSED
130
Jun
7
95% Jan
American Home Products
30%
14%
121%
41% Jan
Dec
77% Jan
10
preferred
conv
30%
31%
16
110%
Jan
Hide & Leather
Mach
37%
16%
13
Apr
Oct
Amer
*36%
120%
22
19%
74%
45%
18
90
STOCK
109%
*177
3,100
EXCHANGE
16%
Jan
Nov
90
1,200
16
110%
75
9
7
7
99%
37
16%
Jan
8
15%
15%
109%
31
25% Feb
*98
36%
111
16
101% Feb
*14%
*14
110%
25 % Jan
Apr
Apr
91% May
53% Jun
57% Nov
25% Oct
13
99%
137
122
4
19
15
16
15%
16%
24%
14
121
16%
30%
24%
39% May
37% Nov
8
Jan
100
Shares
37 %
37
15%
14%
24%
$ per share
137
122
10% Feb
72
96% Jan 16
the Week
14
122
16
14
No par
Sales for
Feb. 14
July
62% May
Nov
95%
Sep
6%
No par
6%
1,000
137
14%
14%
36%
$ per share
*98
31%
8% Jan
67% Jan
Tiling
preferred
American-'JIawaiian SS
112:
Friday
Feb. 13
24%
15%
30 %
3
STOCKS
Thursday
Feb. 12
99 %
15%
25
23
8% Feb
$7 2d preferred A
HIGH SALE PRICES
31 %
Jan
100
Locomotive
15%
35
16
$6
300
8,000.
Encaustic
400
31%
7
6% Jan
No par
,
Amer European Sees
American Export Lines Inc
Amer & Foreign Power
1151/8
24 %
31% Jan
108
30% Nov
91% Nov
4
Jan
115%
24%
Feb
20
116 %
25
4
10
99
10
American
24%
Jan
39% Feb
14
11,100
25
Nov
101
16
Jan
28%
t per thare
99%
14
16
147
28%
$ per share
Jan
34"% Jan
93% Jan
107% Jan
29%
$ per share
100
100
28%
$ per share
Jan
63% May
No par
Invest
Wednesday
39
Nov
5% conv preferred
American Chicle
American Colortype Co
American
Feb. 11
Sep
31%
72% May
300
Tuesday
29%
10
132% Mar
12%.
Feb. 10
7
37% Feb
Oct
13%
Monday
Jan
35% Feb
16
Nov
•13%
Feb. 8
29 Vi
3
Jan
Nov
•11%
Saturday
Dec
32% Jan
30
21 %
13%.
AND
18%
July
Aug
26
212% Jun
96%
11%
LOW
7
8
13%
•115
22% Feb
113
Oct
Oct
10
im
115%
8
Oct
17%
54% Feb
13%
115
18% Jan
91%
154
28% Feb
110
Feb
12%
115 3'4
3
115% Jan
*12%
*115%
14
3
*12
115%
Feb
Feb
6
13%
29%
22
180
17
12%
28%
13
16
22
Feb
13%
30%
Feb
17 % Jan
23% Jan
non-cum
12%
29 V8
61% May
Jan
169 % Jan
100
12%,
29%
38
1
25
13%
•13
Jan
No par
7%
7,700
100%
*39%
Jan
82
Am Chain & Cable Inc
800
23'A
8%
31%
9,000
100 %
24%
54%
8%
*52
1,300
100
23%
100
103
97% Jan
Jan
69%
52% Oct
•
18 %
6%
24
100
1
American Crystal Sugar
6
11
Corp
4% $ prior preferred
Amer Distilling Co stamped
18%
•39%
Radio
1,200
6%
Feb
100
700
6%
48
No par
1,900
16%
24%
Co
24%
6%
1
1
22 %
6%
64% Feb
13
Corp
22 %
6%
8
13
10
24%
41%
Feb
Jan
40% Jan
30
22%
98
Oct
44
56
par
41% Jan
24%
41%
29%
13
par
Aug
8%
4
24%
*97%
Oct
Jan
22%
99
3%
38
22%
43
4
1
22%
41%
53/4 Peb
Jan
100
23
*97%
3
33
ChemicaLNo par
22%
99
33/4 Jan
100
12% Feb
51% May
103
Sep
154
43 3 4
Dec
64%
*107%
42%
Nov
90%
8
29
155
*97%
25
13
84% Jan
111
43
Sep
2
99% Feb
13
155
99
5
31% Jan
8
Jan
*108
42%
6% Feb
13
Apr
Mar
x75
25
*97%
15
59%
135
No par
152 %
99
Oct
Jan
5
Feb
20%
Nov
12%
pfd
Shoe
&
Dec
33
104
75
25
44
8%
1
Oct
152
20
6
6
Jan
Oct
25%
430
107
44
152%
154
10% Feb
38% Feb
10
29
28 %
109%
16
Jan
108 %
152%
16
Jan
50
Can
American
8% Jan
33% Jan
16
27%
27%
Jan
Jan
Preferred
1,000
28
53%
*110
Jun
41%
46
preferred
American
68%
Sep
50
Bosch
Cable
Jan
24%
1
108 %
28%
•98
101
5%%
Amer
44%
1
50
Corp
conv
Brake
10
105
No par
111
•43%
6%
American
Jan
37% Feb
Jan
Co Inc
preferred
1,600
55
100
American Bank Note
2,166
Feb
1
3
Jan
Airlines
cum
16%
191
190
111
110
3%%
May
24%
100
Cem
Agricultural
American
X50
Oct
No par
preferred
Petrol
47
97
54
53%
Amer
6%
*126%
7%
95%
"
•108
130
7%
97
192
54%
130
7%
7%
97%
53%
133
conv
Amerada
76%
16%
*130
1,100
2,100
66,600
2,200
10
17
133
•
70%
9%
70
Portland
6%
Feb
13%
No par
pfd
Amalgam Leather
41%
16%
*130
Alpha
41%
X70
conv
1,000
80%
10%
cum
30%
1
No par
Inc
Corp
1,400
52%
41%
71
31
Co
7%
7%
*50
80%
41%
30%
52%
3%%
Feb
13
No par
Dye
preferred
Allis-Chalmers Mfg
32%
32%
7%
*50
81%
70
33%
36
100%
&
4%
36%
100 %
May
19
25
Co
36%
37%
100%
Dec
169
5
Chemical
100%
36%
91'
Oct
Nov
■
Feb
1
Allied
Kid
Apr
8r
92
Allegheny Corp
5%%
t per share
61%
105%
5
1,400
22%
17% Feb
10
1,000
*21%
48% Feb
16
7
Feb~~7
100
preferred
22
*100
7,600
16
1
179
1,300
47%
Jan
48
100
10
62%
46%
10%
Highest
$ per share
33% Jan
No par
Ry
105
*61
87% Jan
14% Jan
10
Juneau Gold Min
4%%
14
16
No par
Inc
Year 1946
Lowest
$ per share
Feb
45
1
Vicksburg
share
8% Jan
77
10
preferred A
$2.o0 prior conv preferred.No
Alghny Lud Stl Corp
No
Alleg & West Ry 6% gtd
Allen Industries Inc
*100%
33%
&
per
Highest
__
2.50
Aldens Inc common
26,400
41%
5
41%
Co
Address-Mutigr Corp
Alabama
5%
$
No par
No par
com
Express
Admiral Corp
A r Reduction
115
5%
Lowest
Adams-Mills Corp
400
10%
*108
5%
43
40%
48
*100
Adams
49
10
6%
5
43
62
22
35%
99%
45%
179
*34%
30 %
99%
62
102
*21
38%
115
29%
47
*98
21%
37%
'109
29%
41
5,600
16%
Range Since January 1
Straus
ACF-Brill Motors
Acme Steel Co
*35%
10%
61
46 %
102
36%
10
5%
5
•
36%
99 %
29%
5%
EXCHANGE
6%
&
1,900
*48
38%
*97
43
42
47%
•99
30%
17%
49%
112
6
99 %
5
44
*107
6%
•97
65
37%
112
6
5%
43%
*62%
38%
*107
6%
Abraham
—— —
3,700
47%
16%
17
49%
CLOSED
Abbott Laboratories
10
STOCK
Range for Previous
STOCK
Par
1,700
107%
10
48
49
5%
*95
10%
47%
YORK
EXCHANGE
Shares
78%
10%
16%
38
77
NEW
the Week
$ per share
80
107%
Sales for
Feb. 14
47
,
49
*106
Friday
Feb.13
iS
Jun
NEW YORK STOCK
Monday, February .17, 1947
CHRONICLE
COMMERCIAL & FINANCIAL
THE
946
RECORD
Range for Previous
STOCKS
Monday
Saturday
$ per
$ per
share
share
*
108
$ per
share
18%
16%
17
16%
16%
16 %
19%
19%
19%
19%
19%
20
130
130
131
17%
18
17%
17%
17 %
58
58
x56%
57 %
57%
58%
30
"29 %
30
30
30
*65
70
*65
70
37%
*111 Va
112%
112
*103
105
104%
104%
38 %
105 %
24%
25 Va
24%
25 Va
24 V4
65
63
63%
63
121
118
118%
*117
12 %
28%
27 %
7%
7%
6%
47%
47%
58
581
■«
3,800
Atlantic Coast
30%
34%
3,000
Atl G &
70
36%
112
106
103
104
63%
1,030
4%
26 %
400
Atlas
Tack
a
11%
11 %
3.600
18%
18%
000
28 Va
*27%
28%
i.ooo
Autocar
26 3
26%
2.700
Automatic
6%
26%
7 V8
47%
46%
46%
1,100
24 %
23%
23%
10,800
Baldwin
15%
15%
23,800
Baltimore
a
Oct
30
17
Nov
Aug
17% Feb
20% Feb
13
132 % Feb
4
124%
Dec
153
May
Jan
23
134
Feb
4
125
Dec
148
May
16
32%
Jun
3
48
Feb
46 Va
Sep
58
Aug
13
Jan
99
Jan
2
78
Oct
121
May
100
Oct
125
Jun
4
15
Feb
10
13
18% Feb
13
13
Oct
Jan
16
59
Feb
13
45
Sep
Jan
17
34 12 Feb
14
26%
Dec
49% May
Jan
23
67
Jan
10
68
Dec
94
Jan
13
39
Feb
13
31
107% Jan
15
112% Feb
11
105
Nov
130 %
Jan
2
105 % Feb
11
100
Dec
110
22 % Jan
16
25% Feb
14
58 % Jan
13
68
Jan
15
i
4
xl02
115
26 V2 Feb
112
Nov
Oct
22%
Nov
29 Va May
Jun
83
May
51% May
Jun
May
34%
Apr
Jan
97%
31
x53%
10
114
Nov
27 % Jan
30
25
Sep
40%
Aug
12% Feb
13
Jan
118% Feb
10
Nov
25%
Jun
10%
Jun
135
9% Jan
16
No par
16% Jan
22
18% Feb
14
16%
Sep
5c
($1.20)
23 % Jan
13
29% Jan
29
18
Nov
5
3
20% Jan
16
27% Jan
27
15%
Oct
32%
Aug
6 % Jan
3
7% Feb
8
6%
Nov
14%
Feb
Jan
13
49
Feb
8
41
Oct
83 Va
Feb
18% Jan
13
24% Feb
8
17%
Nov
38%
Jan
13
Jan
13
16% Feb
7
11
Oct
30%
Jan
18%
12%
Jan
13
25 % Feb
7
18%
Oct
47%
Jan
Jan
13
16 Va Feb
8
12%
Oct
30
60
Jan
13
69
Feb
5
66
Sep
88 Va
Jun
50%
Feb
14
55% Jan
6
36%
Apr
64 Va
Aug
21%
Jan
13
27% Feb
13
25 Va
Dec
41%
52
21 %
Jan
16
54 % Jan
9
48 Va
Oct
57
May
Jan
16
24% Feb
7
21
Sep
31
May
Co
Co of
Canteen
of
Corp
Aviation
25,700
7
6%
12
13
32 3
No par
prior pfd
Conv
Feb
36% May
14
Jan
62
No par
Nichols
Austin
12%
18
May
Dec
Feb
25''
100
Corp
65
112 "2
18%
13
47
No par
preferred
conv
*46%
47%
B
Atlas Powder
70
118
*25
26%
series
Sep
Nov
102
14 % Jan
100
100
5
Atlas Corp
62 %
62
118
117
preferred
3.60%
250
4,700
4
105% Jan
25
series A
pref
conv
25%
25
24%
4%
960
111%
14
Jan
42%
7
Feb
19
88
—100
Refining
Jan
]08
46% Jan
1
preferred
non-cum
55
6
20
123
No par
Line RR
22
Jan
15% Jan
-...10
...
W I SS Lines
Atlantic
5,800
37%
112%
T F Inc
57c
70
*65%
39
A
3.3C0
17%
27%
7 Va
46%
7
49
48 Va
27
26%
27%
7 Va
59
31%
600
111
a
17%
8
27
x26%
17 7
111
12
28%
17%
28%
18%
23
28 %
*17%
29 %
ll1 %
Jan
14
100
100
Fe
Topeka & Santa
5%
preferred
26 %
17 7
17%
-
Atch
4,500
Highest
$ per share
126
.1
100
_100
No par
Co
Investment
Assoc
94%
26 Va
12%
17%
29 %
7%
120
50%
93%
62%
27 Va
11%
17 %
126%
*48%
95%
117
12%
12
126
50%
share
16% Jan
...
-
1st
94%
24 V2
118
x27
28
*27%
27%
12
128
Dry Gocds
preferred
2d preferred
6%
*43%
*104
63 V2
27%
127
111%
24%
63%
*118
Associated
130
126
37 %
112%
104 Va
112
Artloom
8.700
130
*65%
111 %
38%
38
38%
38%
2,400
Year 1946
Sper share
share
48
No par
Corp
16%
19%
126
58
17%
70
18%
17%
111 %
30
16%
Arnold Constable Corp
30
111 %
*65
17%
20%
600
*110%
EXCHANGE
CLOSED
95
93 %
95 "2
STOCK
50%
*48%
112
111%
115
130
*128
50 %
95
96%
96%
*111%
131
*48'a
50 %
*47%
130
129
130
*128
18
n
$ per
104
No par
No par
_—5
Co
preferred
S3.75
60
127%
130
*128
17 5
18%
18%
17
17%
Cork
Armstrong
2,200
50%
108
107%
Par
Shares
share
50
51%
1C8
17 %
18 %
"18
19
17
*18 V4
share
*107
108
107
$ per
$ per
$ per
Lowest
Highest
Lowest
EXCHANGE
the Week
Feb. 14
Feb. IS
5G%
51
50%
51
*107
108
*107
$ per
share
51
51%
Wednesday
1
Range Since January
STOCK
YORK
NEW
Sales for
Friday
Thursday
Feb. VI
Feb. ! I
Feb. 10
Feb. 8
51%
low and high
Tuesday
SALE PRICES
Amer
(The)
Dei
43
No par
$2.25 conv preferred
23% July
37%
Jan
B
24%
23%
24%
24
23 %
24
16%
15%
16%
23
24 Va
16 %
16 %
15%
16%
15 %
24%
25
23%
24%
23%
241
15%
16 %
15%
15%
15 %
15%
*68%
69
69
69
53%
54
53 %
53%
26%
26%
26
26%
52
25%
26 %
x23%
24%
24
24%
19%
19%
19%
19%
23%
*52
52%
52
52
*110
111%
*110
111
108 %
*107%
108 %
10%
11%
10%
*38
39
39
39
39
*110
115
*110
115
*110
16%
16%
16%
16%
17%
17%
16%
16 7
105%
*104%
Bath Iron Works Corp
2,000
Bayuk Cigars Inc
Beatrice Foods Co
*
600
52
52
52 Va
107 %
109 V4
10
110%
107
110%
107
110
8,400
3%%
pfd
preferred
conv
cum
4%%
Shoe
Beck
Beech Aircraft Corp
11 V2
11
11%
40%
39
39
230
Beech
114
100
Beech-Nut Packing Co
*110
114
Creek
RR
16%
1,900
16%
16%
1,900
Bell
Aircraft
22 %
23
800
Bell
&
*104 Va
106
16%
17%
104 %
105
20
104'%
Corp
Howell
Co
preferred
4 V4 %
38%
39%
Bendix Aviation
39%
39%
5,900
38%
38%
39
39%
38 Va
39
27%
28 V»
Beneficial
28
28%
2,300
27%
28
28%
28 %
27%
27%
102
*102
103 %
200
102 %
102
103 %
102 %
32%
32%
32%
33%
33 %
3,800
33
33
33%
33%
24%
24%
25
25%
25
2 5'/a
3,600
95%
97 %
95 %
97 Va
95 Va
96%
33
24%
24%
24%
24%
97%
98%
97
97;%
147%
147%
150
*147%
.
63%
*62
16 %
16%
16%
16%
16 V8
16%
16 MB
I6V1
35 %
34%
35 V8
34%
35
34 Va
20%
20%
Xl9%
20%
19 %
19%
18%
19%
23%
25%
24
24%
24
24 %
23 Va
24
46
46
38
*36
900
-
19
5,100
23 V,
4,700
47%
400
17
300
38
120
47 %
"46 %
17%
17
17
*16%
38 %
38'
38
38
47
47%
*46
*16%
17
16%
,
*36
46%
*46
*35
2,000
18%
34%
18
16%
34
23%
64
35%
*17%
6 514
1,300
65%
63%
16%
"
200
34
66
63%
63%
*62
6,000
149
*148
148
148
149
*148
*102
103 Va
*102
38
20%
20%
20%
20%
20
20 %
20 Va
20%
20 V3
20%
5,500
57
57
58
58%
58%
59
58
59
56%
58
3.000
107
*106
108
*105
108
106
166
105
50
107
63
63
63
63
*62
63
*62
35%
35%
34%
35
34%
35%
34%
35%
32%
43%
43%
43%
43%
42%
43%
42%
43 %
42 5
48 %
47%
48%
47 Va
48
49%
*98
*5%
48%'
49
99%
49%
98%
98%
*5%
6
39%
39%
12%
13%
12%
13%
*93%
17%
17%
17%
17%
17%
17
39%
40%
39%
40%
39%
30%
31
50
50
108%
28%
28%
35%
*103%
33%
30%
x49%
50 %
IO8V2
108%-
28%
28
27%
35%
35%
35 Va
103%
27
*34%
103%
103,%
*26 %
103%
*103%
27
27
900
20
27%
1,700
27%
*103%
105
40
25%
26 %
26
800
17%
I8V4
17%
18%
17%
18%
17%
121 Va
122 %
*121Va
122%
121 Va
122 %
*121 Va
14%
147/a
14%
14%
14 Va
14%
85
85 y4
85
30%
30%
30 Va
30%
30%
30%
*101%
101%
*101%
17 Va
17%
*122V4
123
84%
85
14
40
•
20,500
84
520
30%
30%
500
101%
101%
200
83 %
85
*30
10,800
17%
123
14 %
14
14%
85
35 %
100
35 %
30%
102
*101%
102 Va
101%
101%
22 Va
22 Va
22 Va
22%
22 Va
22%
22%
22%
22 V2
22%
37 %
38
37%
38%
37%
37%
36 Va
37%
36
37
21V4
20%
21 %
102 Va
20%
102
20V4
101%
20 Va
102
20%
X20%
20%
20%
101%
*101%
103%
*102%
104
102 %
*95%
3,200
3,400
21,100
130
100
96
*95 V*
96 Va
*95 V*
96%
x96
96
*95 V2
98
*89V4
90%
*89V4
90%
*88%
90%
*83%
90%
*88%
90%
15%
15%
15 Va
15%
15%
15%
15 V4
15%
15%
15%
9%
9Va
9%
9%
X8%
9
1004?
100 y
1001?
100 J?
10051
100 §1
*84
84
84%
84%
*84
23%
24
,24
23%
*106
107
*105%
107
*105%
5%
6
5%
5%
5%
24'/a
9
101
101
84
85%
23%
23%
*105%
107
5%
5%
20
101
*84
560
85
101
85%
80
23%
5%
21
5 %
19%
20
20%
19%
21 %
20%
21
98
98
97%
98
97
97%
97
97%
98
Butte
25%
25%
25%
25%
25 Va
25 %
25 Va
25%
25%
200
1,300
Jan
14
101
Oct
142
Jun
Jan
17
17% Feb
13
15
Oct
Jan
23
18 % Jan
6
15%
Nov
Jan
16
24 % Jan
2
16%
Oct
37
Apr
Jan
2
105'/a Feb
3
Dec
112
Jan
Jan
13
39 Va Feb
7
Oct
58
Jan
21
28% Jan
7
24%
Sep
Feb
3
102% Feb
7
96%
Dec
Jan
29%
Nov
102
28%
13
35 % Jan
21
Jan
13
26 % Jan
6
22
Jan
16
99
Feb
4
85%
Jan
11
150
Jan
27
Jan
13
Feb
Saturday
Feb. 10
Feb. 8
tper share
!
$ per share
Feb. 11
$ per share
Wednesday
Sper shares
Feb
Feb. 13
Feb. 12
Sal<>« tor
Friday
Thursday
14
$ per share
$ per share
29%
29%
29 Va
29%
2,800
54%
54%
54%
53%
54%
150
10,700
29%
29%
293/s-
29%
*53%
54%
53%
53%
3%
3%
3%
3%
3%
3%
3%
3%
3%
3%
8Va
8%
8
8%
8
8Va
8
8%
7%
8
30
30
17%
17%
*131
*48
131*3/4
48%
30 Va
30%
17 Va
17 Va
132
131
*48
-24%
14%
14%
14%
14%
*63%
66
65
65
*14%
14%
14%
1434
123%
37 V
37%
*49:?.
51
*55
57
37%
49%
318%
18%
18
40%
40%
41
7%
7%
.
7%
14%
*55
EXCHANGE
CLOSED
129
30%
17%
7
23
53
Nov
83%
Jan
6
31
Nov
46
x20% Feb
10
15%
Oct
30%
Feb
Jan
13
25 % Feb
8
18%
Oct
33%
Jun
Jan
13
47 V2 Feb
13
37%
Sep
58
Jun
18 Va Jan
36
17% Feb
3
14
Jan
3
38 % Jan
31
34
Nov
16
22 % Jan
2
18
Dec
Jan
16
59
Feb
11
42
Oct
Feb
14
116
Jan
8
101
Sep
Jan
21
67
Jan
9
52
Oct
69 % July
Jan
13
35 Va Feb
7
27%
Nov
48 % May
Jan
lo
9
42%
Sep
8
36
Nov
61%
Jun
31
99
Dec
107%
Aug
Jan
11
6 Va Feb
3
4%
Sep
11%
Jan
Jan
2
39 Va Feb
1
30%
Dec
35 Va
Dec
Jan
16
13% Feb
10
12
Dec
34%
Jan
Jan
24
Jan
3
72
Jan
95
Jan
3
17% Feb
7
13%
Sep
20%
Feb
53%
Jan
42%
Jun
Jan
Jan
Jan
96
Jan
3
40 Va Feb
11
30%
Oct
Jan
14
31% Feb
10
23
Oct
Feb
5
Jan
10
24%
*24 3a
24%
400
Canadian
Breweries Ltd
15 %
59.700
Canadian
Pacific
64 3 ^
200
Cannon
14%
14%
600
56%
57
57
100
124
7-0
36%
37%
49
49
4
18%
17%
18%
18%
41%
*40%
41%
41
7%
7%
7%
49%
36%
124
*62
Ip.d
Carolina
4,000
Carolina
4t>*/4
48%
l,uuO
18%
18%
18%
7,200
Carpenter Steel
Carrier Corp
4r
40%
40%
900
7%
7%
2,000
7%
Power
&
Light Co
Co
Preferred 44?,. -series
Carriers & General
May
Apr
25
Oct
38%
31%
Sep
45% May
Oct
110% Mar
105
Nov
Apr
Jan
16
28% Feb
5
Jan
29
36 % Jan
7
14
103% Feb
3
16
27% Feb
3
20%
Oct
38%
16
18% Feb
10
14
Sep
25% May
120
Jan
103
Apr
Feb
130
Feb
6
Jan
13
14% Feb
•7
9%
Oct
22 VB
Jun
Jan
15
85% Feb
3
70 Va
Oct
99
Jun
Jan
22
30% Feb
8
Jan
7
101% Jan
30
23 % Jan
6
25% Oct
96% Dec
18% Nov
2
Jan
22
123
Feb
45%
108% Mar
46%
Jun
Jan
Jan
16
38 % Feb
10
33
Nov
Jan
16
21% Feb
14
16 Va
Oct
Jan
2
102 Va Feb
14
95%
Dec
111
Jan
3
97
Jan
30
84%
Dec
119% May
Feb
5
95% Jan
6
97
Dec
102 %
Aug
Jan
16
15% Feb
8
13
Nov
21%
Jun
Jan
14
9% Feb
8
Nov
15%
Feb
13
75
Jan
22
7
6%
4
108 Va Jan
4
17
Jan
16
Feb
1
96
23%
59% May
26% July
Mar
Jan
Dec
100
Apr
75
Oct
98
May
20%
Nov
39% May
105
Sep
May
110
Feb
10
Oct
9%
21% Feb
10
15
Oct
35 Va
Jan
3
99
Oct
8
19%
Nov
6
104
25% Feb
4%
Jan
Feb
112V2 July
40
May
Year 1946
ORange Since January 1
Highest
$
5
No par
class
Clinch & Ohio Ry
37
70
115
2
13
13
25
Mills
Administration
preferred A
36%
o
-
*7%
$3
Dec
Jan
63
Jan
No par
Ry
Capital
56%
Jan
35%
Apr
108% Feb
Feb
Campbell W & C Fdy
No par
Canada Dry Ginger Ale Inc__1.66%
$4.25 preferred
No par
Canada Southern Ry Co
100
15
57%
49% Jan
99% Jan
Jan
8.400
*24 Va
63%
Apr
49 Va Feb
21%
1,900
48%
63%
Jan
3
xl06%
4%
15%
10,100
*55
Mar
11
24 % Feb
17
*14%
35
73%
112
23
88
30
14%
65
18% Aug
66% May
Jan
6
129
Copper
48%
15
Sep
Jan
1
Calumet &
483/8
153/8
Apr
May
Jan
Jan
Feb
8,500
48%
15
Mar
13
Jan
1
Zinc-Lead
Cons
168.
30
79
81
—No par
50
preferred
Hecla
Dec
Range for Previous
California Packing
Callahan
31% July
114% July
Jan
101
Par
5%
52% May
Feb
Nov
Jan
Lowest
Lowest
30
37%
38%
123
29%
16%
129
130
123%
For footnotes see page 955.
*63
15%
STOCK
*122%
123%
123
14%
16%
17%
*24
24%
29%
30%
131
48%
24%
123%
17%
*48
24%
55
30 Va
129%
48%
)
243/a
a55
29%
*53
Aug
6 Va
exchange
,Shares
29%
Jan
36% May
112 %
13%
stock
nir«-
the Week
Jan
Feb
C
Tuesday
35%
3
66
stocks
LOW AND HIGH SALE PRICES
Monday
28% May
89%
90
No par
100
No par
Co
Apr
143
10
(A M)
Participating preferred
Jackson
116
100
5
common
preferred
& Zinc
Copper
Byers Co
Byron
30
95%
100
Bldg 1% preferred—100
Bros
Jan
Jan
Mar
31%
17 V2
5
1
100
100
preferred
Bush Term
Butler
4,700
98
25 Va
6 7o
43
20
No par
Inc
Co
3%%
preferred
100
Burroughs Adding Mach—___No par
Bush Terminal
1
4%%
20
common
Co
Watch
Bulova
1,800
106 V2
5%
Bullard
Co
Burlington Mills Corp com
4%
preferred
3%% conv 2nd preferred
2,300
23 %
*105%
23%
107
3,400
8%
8%
9
8,600
(The)
Oct
120
11 %
72 %
28
99
No par
$5 preferred
No par
Buffalo Forge Co
1
Buff Niag El Corp $3.60 pfd——100
Budd
30 Va
15%
5
100
Bucyrus-Erle Co
7% preferred
10
23 %
Borg-Warner
Bruns-Balke-Collender
Feb
9%
95
14 %
33
26 %
48%
106 V2
26.
34%
102
No par
4,000
*35
105
26 Va
27
30%
49 Va
*107%
-
7,300
109 %
*49
28%
35%
39%
30
31%
30%
50%
108 Va
20
9,800
■
50
30
8,900
17
a
38%
*107
31%
*34%
104
26%
40%
100
4C0
39
4%
34%
99 Va
5%
30%
8
Jan
40%
43
98
100
39
Nov
17%
1
15
common
(The)
Co
110
11
48 %
105
63
29
Corp
5
3 V2 %
cum preferred
100
Boston & Maine RR (as£ented)_100
Bower Roller Bearing Co
5
Braniff Airways Inc
2.50
Brewing Corp of America
15
Bridgeport Brass Co
No par
Briggs Manufacturing
No par
Briggs & Stratton
'—No par
Bristol-Myers Co common
2.50
3%% preferred
100
Brooklyn Union Gas
No par
Brown Shoe Co Inc com
15
$3.60 preferred
-i—No par
13
16 7
Bond Stores Inc
118% July
Feb
2
16
17 Va
20%
42 V2
16
35
Borden
100
17%
40%
B
Nov
104
Jan
Jan
34
No par
No par
A
class
Co
Ami
Class
111
5
12
62
16%
7.000
12%
50%
28
*34%
17
Bon
31
107% Feb
53 V2
5
Brass
110% Jan
7
145
4,900
*93%
100
108%
30%
50%
*107
*107
*93%
100
100
Aluminum &
Jan
6
30 V2
21%
89%
Bigelow-Sanford Carp Inc.—No par
Birmingham Electric Co
No par
Black & Decker Mfg Co
No par
Blaw-Knox Co
—No par
Bliss (E W) Co
1
$2.25 conv preferred
No par
Bliss & Laughlin Inc
2.50
Bloomingdale Brothers
No par
Boeing Airplane Co
5
Bohn
30
Jan
99%
No par
(Del)
Steel
Nov
May
33%
27
1
preferred
7%
73
Feb
24%
Sep
15 %
pfd $3.25 ser of 1946-No par
Co
1
Bethlehem
Oct
46 Va
15%
20%
103
43
*37%
13 %
12%
13%
12%
*94%
100
*94%
100
&
Best
Best Foods
Dec
21%
Jan
37
No par
Indus Loan
18%
7
Jan
114
47 Va
*5%
5%
38
38
4,100
33%
a
*97 Va
99%
*5Va
5%
39
39
70
63
*62
63
*97%
99%
*97%
5%
6
39%
39%
105
Cum
39%
8
Feb
24
21
Jun
2
50
108%
105
9%
No par
1
10
100
5
Belding-Heminway
16%
22%
Jan
May
19% Feb
16
Jan
1738
20%
No par
25
100
100
1
50
20
_
16%
a
23
105%
106
*105%
2,100
16%
16%
17%
x23
4,100
19%
23%
23 Va
24
22%
16%
23
23%
19%
114
17
23
Oil Co
10%
115
23%
preferred
4%%
22%
107
39
23
Barnsdall
*38%
10%
10%
10%
Barker
52
19%
*109 %
107%
*106
Brothers
1,500
27
*50
Corp
Asphalt
Barber
23%
52
53
110
*107%
*26%
52
50
100
10
10
50
5
1
preferred
5%
Conv
1,100
27%
100
preferred
Bangor & Aroostook
20
19%
24
23%
a
51%
50%
52
23%
19%
23 %
23%
23
100
Ohio
&
23 %
24%
23
1,000
69 7
26 %
52
19%
110
15%
*69
*50
*50
24%
'52%
*15
4%
7,100
15
69
*51%
52%
52
*50
52
*50
69%
*67%
23%
15
69
2
13
Works
Locomotive
A—1
.-10
100
100
5
10
per
share
27% Jan 16
53
Jan 22
3
7
Jan 16
Jan 16
24% Jan 15
Jan
3
Jan
3
Jan
8
Feb 3
Jan 13
14%
120
46 %
23%
12
56
Jan 17
Jan 16
Jan 20
117
Jan 24
35
Jan 30
45
Jan 13
14% Jan 13
12
52
50
36
1
6
Jan
3
Jan 13
$
per
$ per
share
Highest
per
share
27%
Dec
47%
Apr
29
53
Oct
58
Apr
Sep
7%
Feb
Jan
29% Jan
9
Jan
x55
share
3% Feb
8
3
8V4 Feb
8
6%
Oct
12%
30% Feb
7
20%
Oct
40% May
17 %
Feb
10
Nov
18
July
32
Feb
10
113
Nov
147
May
5
43
Oct
58
Jan
24 % Feb
24
Dec
25%
Dec
15% Feb
13
11%
Oct
22%
Feb
10
51%
Nov
73%
Apr
48 % Feb
65
Feb
12%
12 Va
Oct
21'A May
14% Feb
1
57
Feb
14
128
Jan
112
39 Va Jan
9
2
38%
Dec
39%
50% Feb
7
38
Sep
61%
Feb
1
13%
19
50
Oct
Sep
Nov
59% May
137
34
41V" Feb
10
34 V4
Nov
60
7% Feb
8
6%
Oct
10%
May
Dec
Jan
Jan
Feb
Jan
[Volume 165
Number 4569
THE COMMERCIAL & FINANCIAL CHRONICLE
-ft .4?*
04
*"'i
STOCK RECORD
LOW
AND
HIGH
SALE
PRICES
STOCKS
Saturday
Monday
Tuesday
Wednesday
Thursday
Feb. 8
Feb. 10
Feb. 11
Feb.13
Feb. 13
$ per
Sper share
38%
39
-152
154
38
$ per share
share
38
*152 %
37%
154
*152
64
64
63 %
63%
20%
21
20%
21
*106%
107%
*152
154
*106%
148
x62
107%
154
$ per share
37%
154
60
60%
20%
20
20 Vb
16,700
*106%
107
147%
147%
*145%
147%
31%
31
31%
STOCK
30%
31%
30%
30%
8,000
21
21
21
21%
*21
21%
EXCHANGE
21%
22
CLOSED
9%
*115
21%
21%
21%
13
13%
12%
10
10%
116
*93
*115
94 %
*11%
12
32 %
10%
116
*93
*114%
116
21%
21%
21%
21%
12%
3.600
10
10
10
2,500
115%
115%
115%
*
32%
94%
*93
95
11 "2
12%
*11
11%
10%
10 %
10%
32 %
32%
32
52
32 %
32 %
32
*93
*93
95
115%
95
32%
500
RR
tCent
Central
700
13
13 %
13%
13 %
13%
14
14
13%
•13%
1,000
34%
33 %
34
33 %
33%
33 %
34
33 Vb
33%
3,400
Cerro
19%
20%
19 %
19%
12,300
27%
21 Vb
27%
400
26%
5,600
20
19%
19%
19%
19%
26%
26%
27
27
27%
25 3
*26%'
26
e
*108
110
17%
18
25 %
*108
25%
6%
26%
*108
26%
25 %
108
110
108
18 %
20
19%
20 %
*18%
19%
26%
26%
26%
27%
27%
53%
53%
53 %
53%
52%
53 %
12,000
53 %
Apr
V.
25% May
66% Jun
I
Cab
200
Chicago
Great West
15%
2,600
2,800
500
18,700
5%
Ind
Class
&
13%
14%
13%
13%
36%
37%
36%
37%
9,700
Series
27
25 %
26%
13,200
Chicago
52%
53%
53%
53
5,200
5 %
24%
24 3
24
24 %
24
24
1,400
Chicago
54 %
54%
54%
55
55
55
400
55
55 %
55
56%
54%
54%
55
55
15
15
15%
15%
15
13%
xl5
15
500
17%
17%
17%
17%
17%
17%
18
18'
1,100
6%
6 %
7%
7%
7%
7
6,900
tChilds
40%
40
*40%
103%
104%
101%
104
6%
28%
115
*40%
100
28 %
29
28 %
*109%
115
*109%
27%
27
27 %
x27%
4712
47%
47%
47%
47%
32
32
32
32
11%
11%
89
11%
20 %
*32 Vh
11 %
11%
*89
92
*89
19%
20 %
60
60
59
*165
180
*165
*94
96
115
*114
*109%
28%
115
115
471
48
47 %
47%
32
32%
32
11 "4
11%
*89
19%
19%
32%
%
59%
20 %
59%
96
114
72
900
70
114%
70
*101 VB
102
*101%
102
24%
*37%
37%
37 %
43 %
43 34
'
152
102
*101
59
*57
24
23 %
24 %
23%
37%
37%
44
38
37 %
37%
37%
43
44
42%
43%
43
*151
LOW
AND
HIGH
SALE
Tuesday
Feb. 11
Feb. 13
$ per share
$ per share
Sper share
S per share
160
161
64%
64
*64
Thursday
Feb. 13
$ per share
160
64 %
64%
64%
*.900
48
48%
48
48%
48%
103%
*102
103%
101%
46%
45
46
45
16
16%
15%
16%
15%
16%
19%
20 Vb
20
20 %
20
*16%
17 %
*101
*57
*151
102
7
10 % Jan
30
13
6% Feb
4
11
Jan
13
14% Feb
31
Jan
13
38 % Feb
11% Jan
13
27% Feb
41% Jan-16
.53% Feb
13
156
30
the Week
$ per share
160%
160%
1,200
63%
64%
130
50%
49
50
101
101
45%
43
43%
1,600
STOCK
15%
16%
15%
15%
37,600
EXCHANGE
19%
20
20
20
17%
17
17
160
17%
16%
16%
340
45
J
6%
5,800
120
2,400
16
*15
15%
14%
15''2
15
15
31
31
31%
30%
31 >2
30%
31 %
30%
30%
30%
30%
30%
30%
30 %
30%
1.700
11%
11%
11 Vb
11%
11%
11 %
47.700
1 1 5
11%
8
22%
22 %
82
82
49%
49%
49%
49%
46%
47%
46%
46%
84
114
114
114
24%
25%
4
3%
17
15%
15%
160
1,900
No par
Industries
Feb
8
52
Sep
108% Jan
11
106
Jun
108% Mar
100% Jan
14
101
Jan
22
99%
Jan
106
56 %
Feb
62
24% Feb
3
19%
Dec
44%
3
24%
50
No par
__
13
1
33% Jan
17
38 % Feb
No par
Co
40% Jan
16
46
Jan
28
27
154
Feb
7
100
19
147
Jan
Sep
39% Nov
152%
NEW
T
Par
Class
Co
No par
(The)
144
Jan
4
No par
63
Jan
3
—No par
Fuel & Iron Corp
57o
cum
Colorado
4%
No par
20
24
Jan
16
12% Jan 16
18% Jan 16
Jan
May
$ per
Lowest
share
Feb
11
65% Jan
11
162
S per share
130
Oct
Highest
$ per share
Jan
2
Dec
200
Feb
42%
Feb
7
x99
Dec
Feb
10
37
Oct
63%
Jun
16 % Feb
10
10%
Oct
23%
Jan
20% Feb
46
110
10
15%
Oct
24%
12%
Nov
41
Sep
39
Jan
16% Feb
4
3
14
32% Jan
21
28
Oct
47
Jan
32% Jan
10
27%
Nov
47
Jan
16
12
Jan
9
8%
Sep
14
Jan
36% Jan
32%
Nov
i
Jan
13
,
,
Feb
4
11
12%
Oct
2.50
No par
xlO% Jan
No par
33% Jan
13
No par
18
Jan
16
22% Feb
7
20
Dec
Feb
6
78%
Dec
B
60% July
Aug
103% Feb
30
Jan
30% Feb
Columbia Gas & Elec
69% May
17% Feb
100
2.50
cl A
56
61%
17% Feb
12% Jan
Br'd Sys Inc
Jun
165
16
12% Jan 16
12% Jan
100
1st
60%
16
100
preferred
2nd preferred
non-cum
Class
40
Southern.:
non-cum
Columbia
100
preferred
conv
&
4"!o
47% Jan 28
No par
No par
Aikman
&
Feb
36% May
.
__
Colgate-Palmolive-Peet
$3.50 preferred
Colo
$ per share
Corp No par
A
Collins
Apr
July
Year 1946
Range Since January 1
Lowest
Highest
EXCHANGE
Coca-Cola
May
Range for Previous
STOCK
YORK
Jan
77
■
7
38
Jan
48
Apr
36% May
Apr
113%
111
103%
24
24%
24
24%
3%
3%
3%
3%
112
570
24%
5,500
3%
64,900
7
121
31%
3,400
122
32 %
9,300
29%
28'%
28%
28%
28%
28%
9,300
107%
107%
107%
107%
107%
*107
107%
500
19%
19%
19%
19%
19%
20%
20
20 %
xl5
15
28%
4,900
$4.25
com
pfd
cum
w
No par
w
Credit
10
100
Solvents
Commonwealth
16
115% Feb
3
22
3
25% Jan
31
Edison
29
33% Jan
2
12%
25%
30%
5%
26%
13
14% Jan
2
Sep
29% Sep
12% Nov
13
21
15
13
xl06% Jan
2
19
Jan
3
13% Jan 15
30% Feb
8
24 Ve
Nov
35 % Feb
11
33
Oct
40% May
55% May
Jan
7
Oct
10%
Feb
36
Feb
No par
5
Consol
Edison
Y—
No par
N
preferred
No par
Corp—1.33%
Grocers
15%
15%
15%
15%
15
15
49 %
50
50
49%
50
49%
50%
48
491
a
2,000
Consolidated
Natural
17%
16%
17
16%
17%
17%
17%
16%
17%
11.200
Consolidated
Vultee
26%
26%
26%
26 7 a
26
26%
25%
26%
25
25%
2,300
Consol
RR
*18%
19%
19
19%
*18'%
19%
18 %
18%
18%
300
Consol
Retail Stores
37%
37%
31%
38
37%
37%
114
114
47%
46
*15
114%
46
46%
19
20%
18%
19 3 4
*104
107%
*104%
106%
44
44%
43%
*104%
108
44 3
37%
114
s
107%
19
37%
*18%
37%
700
37%
2,100
114
114
114
260
47
46
46
3,200
19
14,100
19%
18%
*104%
106%
104%
43%
44%
43%
*105%
107%
*105%
104%
100
44
8,800
107%
100
Consol
Laundries
12%
13
12%
13
12%
13
12%
12%
1,700
53
54
52%
53%
52
52%
52
52%
3,800
12%
12%
12%
12
12%
25,700
Continental
39%
38%
39%
38
38%
10,100
Continental
12%
12%
12%
39%
39%
39%
18%
18%
18%
18
18
18
18%
18%
*17%
18 %
18
18
18
18
51
*50%
51
15%
15%
*54
55
50%
15%
55
.15%
*54
50
15%
55
Cooper-Bessemer
Corp
$3 prior preferred
50%
10
15%
15%
1,900
55
19%
20%
20 %
20%
19%
20
4,600
59
59%
58%
58%
58%
59
400
30%
31%
105 %
105 %
73
73%
73
73%
190
191%
*191
191%
30%
105
72
30%
31
31 %
1,800
105%
*105
105 %
110
73%
71%
73
4,100
*191
192
191%
191
191
210
8
8
1%
8
8%
8%
8
8%
8
8
1,000
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
2,400
191%
5
10
1
5
14
No par
of Del
Continental Steel
20
31%
No par
Motors
Oil
2,400
60%
105
20
1,900
<
*50%
*54
No par
Inc
Can
$3.75
preferred
Continental Diamond Fibre
Continental
Insurance
13%
39%
No par
No par
of America
20
Baking Co
—No par
preferred
Continental
53%
12%
1
Inc
Power Co
Continental
$5.50
Corp
No par
5
50
Copperweld Steel Co
Conv pref 5%
series
Cornell-Dublier
Electric
Bank
Exch
Corn
1
20
Corp
Trust Co
Corning Glass Works common
3 % %
preferred
Products
Corn
:
...100
.1
1
Inc
39%
40%
39%
39%
39%
40%
39%
39%
6,400
108%
*105%
108%
*105%
108%
106%
106%
*105%
107%
100
29%
29%
*29%
29%
Coty Internat Corp
Crane Co common
3% % preferred
29%
29 3
4
29%
29%
29%
29%
500
Cream
of
42%
43%
42%
42%
42
42%
41%
42%
41%
41%
1,200
Crown
Cork
50
49%
29%
49%
30%
49%
31%
30%
*107
108
Xl05%
105%
104%
105%
105
105%
*121
125
*117%
120%
118
119%
118
118
*49%
50
31
*49
30%
31%
*105%
1193/4
49%
300
30%
5,600
107
190
119%
140
<:9
Wheat
&
Corp
Seal
r>r»roTw*
No par
—
2nd preferred
(The)
25
100
2
No par
Crown Zellerbach Corp
$4.20 preferred
$4
5
100
25
Refining
Preferred
Coty
1
100-
pfd
Corp
13
39%
Aircraft
$4.50 preferred
53%
12
Corp
5
Gas—..—15
of Cuba 6%
Consumers
Container
July
32% May
5% Jan
123% Jan
No par
17
123
30% Jan' 13
No par
Cigar
15%
Jan
25
Co
Inc
of
Dec
Nov
2
Coppermines Corp
$5
2%
Jan
Consol
Consolidated
19
Jun
13
116% Jan 16
Inc
Nast Pub
Congoleum-Nairn
Consolidated
Jan
Jan
3% Jan
-
106%
No par
preferred series
Conde
111
Southern__No par
&
Commonwealth
79
No par
preferred
$3.60
Commercial
$6
Co
49%
73
Jan
Inc
&
16
10
50
gtd
Preferred
,
Jan
Jan
106% Jan
1
•112
114
24 %
3%
4
page
113%
;
28%
see
108
Sep
•'
107%
footnotes
Jan
109
50% Aug
19%
For
105
4
59%
29 %
50
28
95
Oct
107%
31%
Jan
115% Feb
Oct
19%
31%
Feb
Jan
38% May
71% Jan
36%
*107%
*49
.3
205
36%
400
40
62
28
Jan
Sep
Sep
8
7,000
39%
94% Jan
111
Nov
13
6%
*105%
■
..
15%
44%
178%
Feb
34 %
73%
7
47% Feb
6%
73%
Feb
3
50
34%
31%
7
60
22
108% Mar
16
6%
105
20% Feb
Oct
16
35%
31 Vb
15% Jan -16
47% Jan
Sep
Dec
42% Jan
6%
105%
9%
2
Commercial
*35%
3iy8
27%
10
Jan
Jan
2.700
6%
*105
May
May
14
11%' Feb
90
9% Jan
45%
6%
197/a
44 %
32% Feb
16
28
30% Jan-13
84
Feb
45%
900
59%
Apr
46%
3,400
20%
58%
46
13%
60 %
Oct
46%
29%
20%
36%
46
13%
60%
30
13
29
15%
48% Jan
Jan
13%
*54
16
Jan
Dec
46% Jan
30
16
43
30%
114
Columbus & Southern Ohio Elec—10
13%
55
38% July
Sep
2,200
29%
16
Nov
49%
35%
*54
21
49
30%
18
Dec
8
6
50
35%
17%
108
27% Feb
•
49%
30
*50%
21%
3
13
Jan
49%
35%
17%
6
29% Jan
109% Feb
24% Jan
108
100
(The)
,<
Jan
49%
30%
18%
141
83
35
51
Oct
Carbon
29%
18 %
75%
#
May
Pictures
30%
17%
53
Columbia
35%
*50 Vb
27
Sep
11
105% Feb
36
Columbia
200
32%
*104%
16
27% Jan
11
Jan
1.700
122%
107
42
2,700
32
107
-14
Jan
34
122
44%
25% July
15
Jan
83
13%
44%
Dec
6%
21%
32 %
106
13
34
121%
*104%
25%
Oct
7% Feb
83
13%
19%
Dec
14
2i%
32
18%
Dec
14
8
35
121
46%
55
11
Feb
18
84
114
24%
122
114
11
15% Feb
22 %
14
46%
56%Feb
2
14
33%
32 %
114
Jan
59% Jan
67% Jan
82
13%
46
Feb
37%
Dec
22 %
31%
114
76%
Nov
45
35
14
6%
Sep
17
2
84
32 %
6%
100
$4.50 pfd
34%
2
22
14
121
100
43% Jan
22
32
121%
Ry Co
Jan
Sep
*82
35
22
22%
*82
5
No par
Jan
82%
15%
x35
34%
35
5
100
Coca-Cola International
__
30%
30%
No par
Shares
*15%
11%
Corp
Louis
Peabody
Sales for
Feb. 14
16 %
30%
Co__10
...No par
Special gtd 4% stock
Molybdenum
Cluetfc
17%
11%
Machine
Sep
Sep
38%
30%
Jan
Jan
8.50
common
Fuel
Ilium
Clinton
86
11%
7
7
Jan
•
Feb
5
8
Feb
55
5% Jan 25
40
15% July
11% July
9
Jan
25
Oct
26
15% Jan
14
33%
Sep
16
54% Jan
10
Clev & Pitts RR Co 7%
1,000
101%
101
CLOSED
No par
No par
div
Oct
7
3%
II
20% Jan
100
St
8
54% Feb
preferred
2,600
16%
29
15% Feb
16
Feb
12 V2 Jan
No par
Graph Bronze Co
5%
37%
17
6%
16
Jan
5
A..25
preferred
43 %
16%
30%
11%
13
100
cl
Climax
17
30%
Clev
—
16 %
*35
-
Feb
5
No par
Milling
&
&
7,500
16
31
C
5%
—
59
23%
C
Clev El
40
106%
VB
49 %
102
20
C
—
17
121 %
Oct
13
Jan
No par
Co
Stores...:.
Equipment
Clark
—
Friday
*900
49
45 %
*
153
159
162
*1100
__
*102
3%
5%
8
STOCKS'
Wednesday
Feb. 10
24%
1
Co
PRICES
Monday
*159%
58%
153
154
Feb. 8
*900
106%
24
24 %
__
*70
*57
59
24%
114
1
8% Feb
14% July
17% Jan
Corp.
Ice
City
70
*113%
114%
102
641/4
900
114
113 %
*101
34 %
Jan
Nov
Investing Co
5%% preferred
5,500
96
*94
106%
161
19%
57%
*93
*106%
Saturday
19%
57
96
72%
16%
Jan
26%
7%
City
10
*94
106%
*46%
18%
Oct
2
Oil
Financial
T
City
3,300
180
72%
152
800
11 %
*165
*106%
157
32 %
180
72%
*64
Oct
9%
9% Jan
No par
Copper
I
92
*165
*
24 %
C
*10%
60
106%
158%
4%
29
50
Co
Cincinnati
*89
11
92
72%
*900
3
12% Jan
Preferred
5,500
4
2
7% Feb
13
Co
Tool
Cotton
Cinn Gas & Elec
900
48
Pneumat
Chrysler
—
27%
*106%
*152
6,900
27%
180
59 %
*57
28%
111
27%
106%
59
15,800
27%
*106%
73
28%
*109%
102 %
27%
92
19%
101%
Chile
54% Jan
17% Mar
48% Oct
13
50
Ry
Pr pf
($2.50) cum
Chicago Yellow Cab
760
*59
96
115
28 %
28%
115
105
40
*165
180
*94
102%
105%
27%
89
4C%
42
7%
14
16
preferred.:
Chickasha
*40%
44
RR
$3 conv preferred
290
13
27% Feb
.
Sep
12% Oct
5% Jan
Northwestern____.No par
preferred
100
52%
20 Va Feb
3
Jan
105
10% Jan
&
24%
15% Jan .13
23
1
Chic Milw St PI P vtc
55
23
50% Jan
(The)
Louis
A
26
42
*57%
25
110% Jan
|
No par
:
Co
No par
14%
6%
73
RR
B
26%
41 %
19%
111
preferred
Chic
38%
G%
28%
5
A
13%
18
*109%
1.1.25
Mfg
x26%=Feb
40
East
25 %
15%
£:
32
Checker
Chesapeake Corp of Va
Chesapeake & Ohio Ry
37
55
Jan
M
14%
17%
Feb
May i*,;,
V-
26%
15
51%
Jan
38%
5412
24
114
14%
51%
42%
Dec
Sep
j
®
11
*7%
53%
Nov
11
31%
Jan
Feb
7%
53
26%
23%
108
7%
4
Sep
$
7%
24%
13
Jan
8%
Oct
*7%
*54%
31
-
25%
13%
24%
12% Jan
4.
Jan
102% July
Nov
25 %
55
13
L
116
Dec
21%
37%
53%
24%
8% Jan
89
n
|,
14%
53
4
14
38%
*53%
4
Feb
Jan
.27%
14%
37 %
27
Feb
95
23
8%
5%
Jun
116
3
90
Jan
Corp
8%
110%
14
Jan
112% Jan
p
(I
25% July
Chicago
14%
13% Jan
Apr
43
7,800
8%
Sep
ft
Jan
Jan
8%
*5%
9
Nov
8%
6
2
14%
8%
9
10% Jan
23%
e
5
9% Jan 25
July
,
7
8%
8%
17%
23
3
Class
14/2
29
Oct
28% Jan
Chic &
9
Sep
Sep
8%
21% Jan
3,600
5%
20
2
13
2,500
15%
24
13
6 %
8%
20
Jan
14% "Jan
Jan
11%
5%
14
22
17% Jan
Co
6 %
5%
21% Feb
.2
16
ri
26
Belt
10%
9
Jan
14
6
1
22%
Jan
29
Products
Oct
11 % Jan
13
6%
8%
100
2
30
11%
*5%
21
31% Jan
Feb
6%
6 %
20% Jan
No par
®
161% Jan
38% Jun
Jan
81
9%
16
109%" Jdn
138
22
14
10%
9%
26% Jan
II
U
10,4%:- Sep
Jan
34% Jan
6%
*5%
150
Jan
6
108% Jan
7
33
11%
8
3
17
8 *8
15
106% Jan
Jun
81% May
23% Sep
6
23
6%
15%
21% Jan
11% Jan
10%
15
17
55
183
Nov
54% Nov
18% Nov
31 Vb Jan
6%
*7%
8
8
No par
8%
15%
Feb
No par
11%
15%
64
Mills
6°'s
4
13
Copper
10%
83
57% Jan
17% Jan
143'/;. Jan
Jersey...'
Sugar Co
tper share
31% Nov
153
Champion Pap & Fib Co_„___No par
$4.50
preferred
No par
700
53%
7
No par
Chain
3,100
*26%
13
158% Jan
Pasco
de
Certain-teed
90
18%
8%
8
26%
108
27%
11%
8%
108
17%
7
11%
x25 %
*26%
53 %
53 %
27
110
*27
39% Feb
3
Ribbon
Century
34
19%
16
Feb
ser.100
*
v
Highest
*
Jan
No par
20
New
Year 1046.,
$ per share
34
152
No par
Corp pfd 3.40%
of
Violeta
13
26 %
Tractor
Cent NY Pr
—
10%
$ per share
25
Central Foundry Co
l
Central Hudson G & E Corp.No par
Central 111 Lt 4% % preferred__100
20
$ per share
j,
9
Lowest
100
Corp—;
5% preferred
Central Aguirre Assoc.
1,600
12%
*21%
Co—
Celotex
1,400
21%
12%
10
13
10
22
12%
21%
13%
10
I)
Celanese Corp of Amer com!No par
$4.75 1st preferred
No par
7%" 2nd preferred
:
100
100
31%
(J
Caterpillar
200
31%
13%
Range Since January 1
Lowest
Highest
Preferred
2,900
107
Range for Previous
STOCK
Par
Case
20
62%
107
YORK
EXCHANGE
3,800
154
31%
*21%
NEW
Shares
37%
20
148
J
the Week
62
1C7
*146
148
39%
*153
20%
107
Feb. 14
$ per share
38
62%
20 V8
-
$ per share
38%
154
Sales for
Friday
-9
No par
No par
48
Jan
Jan
Jan
Jan
Jan
Feb 14
14% Jan 17
22% Jan 16
16% Jan 28
x37% Feb
5
111 % Jan 13
41% Jan 13
15% Jan 13
104
37%
106 %
9%
48%
9%
35%
15
Jan 16
3
Jan 13
Jan 13
Jan 17
Jan 13
Jan 21
Jan 13
Jan 15
Jan 13
Jan
14%
48%
13% Jan 15
54
Jan 7
Jan
55% Jan
17
3
2
27% Jan 14
Jan 3
69
Jan 18
103
185% Jan'
2
7% Jan 17
4
Jan 14
35% Jan 16
104
Jan
2
28% Jan 16
37
Jan 16
47% Jan
8
28 % Jan 16
104% Feb 11
118
Feb 11
4
7
29% Feb
3
Jan
30
20% Feb
13
108
15% Feb
10
54% Jan
111
5%
24% Oct
105% Sep
17% Sep
13% Nov
132
Feb
36%
Jun
18%
Sep
;
i
1
!
109% Jan
25% July
23% Apr
2
42%
May
j
17% Feb
1
14% Nov
33%
Jan
>
Jan
6
16%
Sep
47
Jan
19% Feb
7
17
Nov
32
Aug
38% Feb
114% Feb
3
6
Xlll
47% Feb
10
35% Sep
10
12%
30
20% Feb
105
101
Feb
33%
44% Feb
108
Jan
Dec
Feb
Sep
Sep
103% Nov
8% Nov
Jan
60
115% Mar
54%
22
109 Va
53%
Apr
July
*
„
Jan %
Jun
113% Mar
18%
Feb ;
54% Feb
46%
Nov
63
Jan
12% Feb
41
Jan
10
Oct
24
Jan
33%
Oct
49 % May ?•.;
15
Nov
x23% May
30% Feb I!
13% Feb
18% Feb
18% Feb
10
50% Feb 13
16
Feb
7
55
Feb
20% Feb
5
13
7
31% Jan 30
105% Feb
61
Jan
75% Jan
192
Feb
8% Jan
13
106% Feb 13
9
30
Jan
43% Feb
8
56
Jan'I
12%
Oct
23%
Feb "I
50
Oct
60
Apr
Xl2% Nov
21% Jan
52
Sep
67%
25%
Oct
39% May
101% Deo
58% May
xl85% Deo
7% NOV
4%
4% Jan
40% Feb
13% Nov
46% Dec
<;
Oct
31
Oct
101
Nov
28
Sep
32
Oct
®!
Jan
f.
109% Aug '
75% Dec
210% Mar 7;l
14% Apr il
7% Jan ||
49% Jun,
110% Aug
35% Jan
62
,
Jan*
54% Feb
47
Dec
8
25
Oct
108
Jan 18
103
Sep
110%
Feb %
128
Jan
8
110
Sep
150
Apr ■'
51
Jan 21
33% Jan
40% Apr
:
I
955.
■.$!"'ri'-" ''A'-■' •
Monday, February 17, 1947
COMMERCIAL & FINANCIAL CHRONICLE
THE
NEW YORK STOCK RECORD
Range for Previous
STOCKS
Monday
Saturday
Feb. 10
-
Feb. 8
share
S per
36%
95
95
95%
*29
30
$per share
94%
30
*19%
20
*54
57
11%
11%
130
130
68
130
•128
68
69
20
135
29%
•129
29
STOCK
CLOSED
'45
100
•97%
100
*97%
12
*53%
11 ¥4
56
127
128 ¥2
129
56
*52
18,400
3,500
Curtlss-Wright
28%
2,600
29
28%
1,300
Dana
94%
93%
94
94%
94%
19 ¥2
20
19 ¥2
19 ¥2
900
18 ¥2
18%
3,100
Davega Stores Corp N Y
Davison Chemical Corp (The)
4,400
Dayton Power & Light Co.
94%
94
19
19%
Oct
2
Jan
46%
Jan
28%
7
165
Jan
7
160
Jan
165
Jan
13
46
Feb
10
35
Oct
66
Jun
Oct
106
Mar
98% Feb
100% Jan
6
52
Jan
10
95
19% Feb
17% Jan 13
15
7
16% Nov
24% July
Feb
5
45
Sep
82 % May
5
10
Nov
4
103
Oct
146%
Feb
Sep
76%
Apr
56
8% Jan 13
>
12% Feb
113% Jan
16
60% Jan
14
69% Feb
11
5% Jan
17
6% Feb
8
Feb
135
60
5%
Jan
16
20 % Feb
8
Jan
16
30% Feb
1
Oct
17%
19
27
Oct
Oct
128
100
250
•28%
17%
21% Jan
Jan. 13
Feb
115% July
Jan
—No par
28 ¥4
28%
Get
Jan
1
A
Cutler-Hammer Zno
28
29%
Dec
22
18
1
29%
28%
88%
6
40
.0
29 ¥2
29%
2b
34 % Jan
165
—100
Press Inc..
29
29%
Jan
54%
10
Cunningham Drug Stores Inc__LOO
Curtis Pub Co (The)__
—No par
$7 preferred
No par
Prior preferred
No par
Class
96
$ per share
Dec
.30
Cudahy Packing Co.
4%% preferred——
Cushman's Sons Inc 7% pfd
135
*129
135
•129
600
19%
19%
20
197/a
20 %
135
360
6¥a
6
6¥a
6
14,400
68%
68%
69%
•68 ¥2
<,
11%
16
29
100
preferred
Cuneb
900
19%
19
19 ¥2
19
3,500
15
89% Jan
share
13
37% Feb
27% Jan 16
$ per
share
28% Jan
100
Cuban-American Sugar
4 per
Highest
Lowest
Highest
4 per share
No par
100
Cuba RR 6% preferred
4,000
7%
44%
11 ¥4
6%
6
20
•
185
•165
46
127
69%
*129
135
•129
19 ¥2
19 ¥a
19 ¥2
Lowest
Crucible Steel of Ainer_
5% preferred
550
30
30
30
185
v
Par
10,400
1,000
95 ¥4
Year 1946
Range Since January 1
EXCHANGE
36 ¥4
95
45
129
69%
691/2
61/4
20 %
6%
G%
20%
6%
20
11%
128'
36
19
57
11%
*53
57
11%
*54
12
37 ¥4
95 ¥4
30
EXCHANGE
NEW YORK STOCK
Shares
share
•165
19%
19
$ per
share
36
100
*97
19%
19%
$ per
Feb. 14
95 ¥4
185
44%- 46
1\JO
>„,
lv\J
I
share
*165
46
44%
45
44%
*'i.
t per
19%
19 %
JPS
•
JP*
•jpc
Feb.13
30
*29
20%
19%
Feb. 1)8
Sales for
the Week
Friday
Thursday
37%
95%
'
-30
19%
.
19%
.
34%
34%
94 >/2
34 Vz
Wednesday
share
35%
$ per
HIGH SALE FBICES
LOW AND
Tuesday
Feb. 11
Feb
34% Feb
145
July
12%
45
Dec
25%
Jan
26
May
D
29%
28%
*93%
94%
♦93%
18%
18%
18%
18%
19
19
34%
34%
34
29
19%
34%
114%
23
113
22%
*113
115
23
23
22%
19
19
18%
39%
40%
39%
40%
19%
Records
Decca
8
25 ¥4
Sep
6 3/e
50 ¥2
Jan
3
10% Feb
3
Oct
16 ¥4
Jan
25 ¥4 Jan
13
27 ¥4 Feb
3
23
Oct
28
Apr
60
Jan
13
60
Oct
77
20% Feb
13
16 ¥2
Dec
19%
Dec
2
15 ¥2
Oct
24
Aug
Detroit Edison
Detroit Hillsdale & S W RR Co__ 100
60
Jan
13
2,200
Detroit
1
17 ¥2 Jan
3
5
19% Jan
23
68
*64
68
Lack & Western
3,900
27
26%
2 7 ¥4
27
*63
&
Delaware
6% Jan
20
Delaware
Steel
20%
20%
20%
20%
20%
203/4
20%
20%
1,000
De Vilblss
20%
20%
*20
20%
20 %
20%
31%
30%
2,800
Devoe
30%
30%
31%
31
31 ¥2
31
30%
31%
44
1,500
Co
Diamond
&
Corp
45
44 »/4
¥2
46V2
46 ¥2
4 6 ¥4
46 ¥4
500
47
23%
23%
24%
24%
23%
23%
3,100
16%
16%
16 %
16%
16%
16 ¥2
10,900
Distil
27 ¥4 Jan
14
31% Feb
3
23 ¥2
Sep
39 ¥2 May
42% Jan
10
47
Jan
17
34 ¥2
Oct
50 ¥2
Apr
43 ¥2 Jan
2
50
Jan
25
42
Sep
50
Aug
Jan
2
24% Feb
13
16 ¥2
Oct
34 ¥4
32%
33%
33%
*32%
33
1,600
Dixie
Cup
*52%
53%
*52%
54
*52%
54
32%
*31%
32 ¥a
1,000
Dr.
37%
7,600
Doehler-Jarvis
preferred
partic
Motor
T
Co
Car
2
18
32
32%
54
*52%
33
34
34
32 %
36
36%
36%
37%
35%
20%
21
20%
20 ¥2
Dome
Mines Ltd
20%
8,200
20%
19%
No par
20%
20%
19%
73%
73%
73
72%
2,500
Douglas Aircraft
No par
74
75%
72
74%
73
74
175
173%
1,000
Dow
32%
175%
175%
174%
175%
174%
1131%
113%
114
114%
114%
21%
21%
172
114 ¥4
114 ¥2
20%
°97%
100
*97%
100
*97%
18%
19
18%
18%
18
32%
193
191
194%
190
193
126%
125%
125%
126%
126%
115%
114
*114
115%
*114
Chemical
$4
Co
preferred
3%%
conv
190
5,200
128
500
115 ¥4
17 ¥2
*114
10
900
17%
Du
July
Nov
52
Apr
62%
Jun
48 y2
Sep
Jan
8
34
Feb
10
25 ¥2
Nov
48
16
37
¥2 Feb
13
x23%
Sep
37% May
21
Feb
11
16 ¥»
Dec
76
Jan
7
63%
Nov
108 % Mar
181% Jan
2
143 ¥2
Feb
192
Jun
111 ¥2
Dec
118
Jun
3
16% Jan
Jan
16
69
Feb
54
8
163 ¥2 Jan
7
Mar
Feb
29%
111% Jan
114 ¥2 Feb
14
50c
18% Jan
16
22 ¥4 Jan
30
15%
Oct
100
A-*
series
20
10
94 ¥4 Jan
13
97% Jan
30
91
Oct
Feb
10
15
Oct
41 ¥2 May
Feb
6
25
Nov
58% May
1
16 ¥4 Jan
16
19
No par
28 ¥2 Jan
23
34
Cigar Corp
Jan
33%
116
Apr
Jan
13
194 ¥4 Feb
10
161
Oct
227
Jun
124% Jan
13
127
Jan
7
124
Dec
133
July
113
Jan
14
115 ¥4 Feb
5
112 ¥2
Oct
116 ¥2
16
Nemours
(EI) & Co
20
preferred
No par
Duquesne Light 5% 1st pfd
100
Jan
6
23
13 ¥a
Sep
180
$4.50
DWG
30
28 ¥2
30
de
P
Nov
4
No par
preferred
Duplan Corp
188%
143/4
Feb
No par
common
International
Dunhill
600
2
34
49 ¥2 Jan
5
Industries
Dresser
900
17%
17%
17%
Corp
18 ¥4 Jan
13
29 ¥4 Jan
No par
No par
*126 ¥4
115 ¥4
♦114
114
17%
17%
17%
17%
17%
A
Pepper Co
18%
323/4
128
♦126 ¥4
Class
32
32
192%
190
192%
126%
4,600
21
100
*17%
18 ¥2
18 ¥2
31%
r31%
32
32
33%
33%
18%
800
114 ¥2
20%
*98%
21%
100
*98%
100
172
173 ¥a
114 ¥4
113'/2
36%
37 ¥2
37%
37%
40
11
Jan
30
No par
54
Jan
143/4 Jan
2
Co common
33
33
Feb
12.50
Corp-Seagrams Ltd
32 ¥4
6%
Jan
25
Match
43%
Diamond
22
No par
Raynolds class A
44
221/4
Jun
July
Apr
50
Hudson
2,300
12,400
9%
9%
10
,
20%
21%
58 ¥2
44 ¥4 Feb
68
22
Dec
13
27
21%
31 ¥»
34 ¥4 Jan
26%
53%
10
100
*61%
32%
403/4 Feb
43
271/e
32
16
42%
26%
17
Dec
Jan
35
Jan
43%
*60%
24%
22 ¥2
42 y4
68
16%
Nov
Oct
27
23%
17
33%
26%
17%
11
14
9%
24%
20% Feb
3 7 ¥4 Feb
42%
16%
13
17
9
10
24%
Jan
50c
113
34 ¥2 Jan
44
45
34 ¥2
Sep
20
35%
*45%
Nov
28
Preferred
9%
47
Jun
16 ¥4
6
1,000
35%
45
U0¥a
11
37 ¥4
43%
45
13
23 ¥2 Feb
37
10'/a
*45%
113 ¥4 Jan
36%
43%
44%
4
16
36%
36
44%
35 ¥4 Jan
Jan
18% Jan
No par
9%
44%
36 ¥2 July
32% Jan 13
113
Inc
Nov
31 ¥4 May
Deere & Co
35%
44%
16% Nov
16
9,400
43%
20%
10
16 ¥4 Jan
May
39%
10 %
20%
20,400
19 ¥4 Feb
1
(The)__7
50c
100
Co
34
39%
36
20%
19%
Mfg
preferred
Rubber
98 ¥4
Nov
20%
44%
20%
4%%
Dec
17
18
40%
10
20
1,900
29
91 «/4
13
20
19%
40%
36
68
Dayton
23
July
Sep
28
Feb
3
13
19 ¥2
43%
"62
20
22 ¥2
30¥4 Jan 10
943/4 Jan
Jan
16 ¥2 Jan
93
39 ¥2
20%
39 %
20
34
114
23 ¥4
22%
3
26 ¥2 Jan
1
5
100
pfd 3%% series A
x33%
115
•112 ¥4
23%
Corp
Cum
♦110 ¥2
34 ¥2
34%
34%
►112%
34%
19 ¥a
18%
19
19
19%
113
*28
5
17% Jan
Feb
May
21
E
Saturday
Monday
Tuesday
Wednesday
Feb. 8
Feb. 10
Feb. 13
Feb.13
t per share
$ per share
$ per share
share
20%
46%
232
"226
230
229
198
195
195
*193
198
*193
55
25%
24%
25%
7%
64%
16
38%
45
3,200
Eastern
1,100
Eastman
*198
198
10
55
55
8
CLOSED
1,400
40
25%
25%
27 ¥4
15,400
110%
110%
20
8%
4,700
64 ¥4
5,700
Electric
15%
4,800
15%
15%
15%
38'%
38%
*38%
3%,
'
3%
3 ¥2
3%
19
18
17%
500
39
3 ¥2
3,200
18%
32,000
400
166
164 %
164 %
164
164
*150
152
150 %
150%
149%
150 ¥4
50%
50
50
50
50
49%
50
49
49 ¥2
800
55
54%
54%
53%
54%
53 %
53%
53 ¥4
53 ¥4
1,200
164%
*164%
152
164%
*148
*49%
55
150
500
15
21%
14%
15 %
14%
15
14%
15 ¥a
14%
14%
6,400
21 ¥1
21%
20%
21%
20 ¥2
21 ¥4
20 ¥2
20 ¥2
1,400
*18%
19%
*18%
75 ¥i
*73 ¥2
18'%
19 ¥4
*74
75%
106%
Endicott
32%
27,300
104 ¥2
103%
103%
350
107%
108
107%
103
107 ¥a
107 ¥a
109
110
108
109
109
109
*104 ¥2
32
32%
106
■
320
Johnson
4 % preferred
Engineers Public Service
$5 preferred
$5% preferred
109 ¥4
3 ¥4
3 ¥2
3%
3%
3%
3%
3%
3%
3%
3%
38,800
preferred
tEquitable Office
12%
12%
12%
11%
12 ¥»
11%
12 ¥4
11%
11%
14,000
Erie
66 ¥2
*90 ¥4
94
X64 ¥2
64%
94
66 ¥2
66 ¥4
66 ¥4
*91
"109 ¥4
*92%
94
109 ¥4
110 ¥4
63%
63 ¥4
63%
*92%
*92%
94
63 ¥2
900
13%
13%
13%
13 ¥2
13
13%
13 ¥4
13%
13
13 ¥»
3,500
24 ¥4
23 ¥2
24
23 ¥t
23%
22%
24 ¥4
23
23
2,200
23%
24%
23%
24 ¥t
23%
24%
23%
24 ¥a
23%
23%
1.0,400
41
41
40%
40%
40%
42
40 ¥2
41 ¥4
40 ¥4
40 ¥2
1,700
8%
*7%
8 ¥»
59%
58%
59%
29%
30
8%
9
*7%
*8
8%
8
*8
8
8 ¥2
5%
100
Pitts
&
4
5
10
No par
No par
No par
Bldg
No par
No par
100
A
RR
50
Co
Feb
11
39
Oct
25% Feb
7
23%
Dec
Feb
4
53%
13 %
37
3'A
14%
153
143
47
109
Jan
Jan
Jan
21
Jan
Oct
Oct
Feb
40% May
112
Aug
Dec
27%
27% Feb
11
13
16
13
2
6
13
3
4
3
Jan
Jan
Jan
Jan
Jan
101
71
14
17%
111% Jan
27
106 %
Nov
8% Feb
13
6%
Nov
16%
6534 Feb
13
50%
Oct
80 ¥2
Feb
5
12%
Dec
35%
Apr
10
34%
Oct
48%
Jan
7 V2
Jan
16% Feb
39:% Jan
3% Jan
3%
14
Dec
Feb
114
Jan
19% Feb
8
Oct
29 ¥2 May
166
Jan
30
138
Sep
180 ¥2 May
153
167
13%
July
Jan
11
128
Sep
50 % Feb
1
40
Oct
56 ¥a
Jun
Feb
4
44%
Sep
61%
Jun
Nov
30%
Feb
55
Jan 15
17% Jan 14
15% Feb
10
11%
21% Feb
6
17%
Dec
43% Mar
24
19 ¥2 Jan
8
17
Nov
21 ¥2
75% Jan
30
63
Oct
102 ¥4 May
106 ¥2 Jan
27
104
Sep
111
21
12
18 %
66%
104
30
Jan
Jan
Jan
Jan
103% Jan
106% Feb
108
Jan
2 % Jan
10 ¥4 Jan
54
Jan
2
8
13
30
7
28
2
13
Jan
9
Oct
41 ¥2
105% Jan
11
100 ¥4
Sep
106%
Jan
2
102
110
110 ¥4 Jan
2
104 ¥2
Sep
Dec
2 ¥4
Jun
9 ¥2
33
110
3% Feb
13
12 ¥2 Feb
3
Feb
3
Oct
Jan
Apr
Jan
Mar
111 ¥2 Mar
5% Jan
67
23 ¥a
Jan
Oct
93
Jan
90
3
Oct
48
Oct
95
10
Oct
22 ¥2
Jen
Jan
—
5
Buffet
Fairbanks
Morse
24 ¥2 Feb
15 ¥4
Oc
33%
Apr
22% Jan 16
37% Jan 14
7% Jan 17
25% Jan
21 ¥2
Nov
58%
Apr
42% Jan
34%
Oct
63 V4
Jan
Oct
11% Jun
3
2.50
Corp
Exchange
19% Jan 11
1
Eversharp Inc
10% Jan 13
13% Feb
5
Eureka Williams Corp
Evans Products Co
Ex-Cell-O
57
51
1
com
common
pref series
Erie
94
24 ¥4
.
RR
14
16
50
100
$6
12 ¥4
109
Aug
24% Jan
No par
Corp
220
.
Apr
209
110
Jan
6% Jan
No par
Empire District Elec Co
200
106 ¥2
32
263
Nov
7
No par
Emerson Electric Mfg Co
Emerson Radio & Phonograph
900
103%
*104%
61
Oct
190
15
3
19 ¥a
32 ¥2
Jan
200%
6
Jan
No par
Gas
74 ¥2
104%
108
Natural
18%
31%
108
Elec & Mus Ind Am shares
Electric Power & Light—.,
$7 preferred
$6 preferred
Electric Storage Battery
74
*103 ¥2
*104
30 %
8
Jan
No par
...
18%
*104 ¥2
105
preferred
Paso
30
Feb
Jan
22
1
Electric Boat common—
El
Jan
195
104
5
3
(The)
75 ¥a
18%
*74
104%
31%
32 ¥2
18%
75%
*73
106 ¥2
32%
*104 ¥2
106 ¥2
32%
*104
107%
164
150
21%
*"14%
*104 ¥2
*162
Auto-Lite
Conv
51
232
5
8 ¥4
38%
64
Jun
3
7
100
4%%
31 % May
13
1
Ekco Products Co
30% May
Nov
48% Jan
4
com
share
Sep
Jan
Jan
39% Jan
215
100
Inc
$ per
16%
2
190
Co
Highest
share
19
14
21% Jan
5
Corp
preferred
63 ¥2
15%
19%
Stores
Bros
23% Feb
29
100
Manufacturing
4 % %
16
17% Jan
No par
8%
38%
3%
Steel
Co
preferred
65%
8%
15%
18%
Kodak
19% Jan
1
preferred
Elastic Stop Nut Co
16
3%
Edison
24%
111%
8%
19%
Eaton
25 ¥4
64%
3%
3,300
*110%
63%
18%
3%
19%
19%
25%
*106
Stainless
cum
¥2
107 ¥2
24 ¥a
24%
107
38%
15%
*38%
38%
,
,3%!
112%
56%
24
107
6%
$ per
10
Co
Eastern Airlines Inc
229
65%
65
65%
15%
►110%
8
7%
8
108
25%
112%
►110%
STOCK
EXCHANGE
*107
108
25
25%
112V2
24%
24%
25
*107
108
'•107
*110%
57
56
55%
55%
24%
19,400
Eagle-Picher
44 ¥2
198
55 ¥2
20 ¥a
Lowest
Sper share
$ per share
Par
228%
229
42%
46%
8,500
23%
19%
20%
46 ¥4
44
232
55%
.
19%
20%
45
232
*193
,
20
20%
20
47%
19V2
47%
230%
22%
Year 1946
Range Since January 1
Lowest
Highest
STOCK
YORK
EXCHANGE
Shares
$>pefi share
22%
NEW
the Week
Feb. 14
share
X22 ¥a
22%
21%
22%
21%
22%
21%
$ per
Sales for
Friday
Thursday
Feb. 11
$ per
Range for Previous
STOCKS
HIGH SALE PRICES
LOW AND
Corp
8 ¥2
7
Feb
_
—
F
59
30
29%
-
9 ¥4
V9%
-23
22%
1
107%
23
*107
-
52
14%
25 %
25
*104%
—
•
25%
53
24%
20
25 ¥2
1,600
25 ¥4
24%
25
25
25 ¥4
24%
24 ¥2
1,300
56%
■
56%
*
56%
-
59
57
57
59
*55 ¥2
19%
563/4
20
36%
35%
35%
107 ¥2
107 ¥2
107 ¥2
'
16%
16%
39
393/4
16%
16%
17
25
105%
57
-i
*106%
107 ¥4
800
55 ¥2
56%
900
First
20
35
*106 ¥2
*39 ¥4
16%
20
2,000
Firth
4,500
Flintkote
10
40/
22
22
18 ¥2
17 ¥2
16%
18
*21
17%
40
16%
400
2,300
22 Va
500
17 ¥2
2,400
&
(The)
(The)
Florence
Stove
Power
Steel
J
15 ¥2
15 ¥4
15%
15%
15 ¥2
89%
86
86 ¥2
85
85 ¥2
1,600
Food
28 ¥2
29 ¥2
29 ¥a
29%
28
28%
4,100
Foster-Wheeler Corp
26%
26 ¥2
26%
*26%
263/4
26%
120
24%
50
14%
87
29 ¥t
24%
24
700
49
;
•
50%
*24
24 ¥2
*47 ¥2
48%
24
*47%
24
48
r
:
17%
18
17%
18
18
18
0
'
35%
35 /
35%
34%
35%
34%
353/4.
•100
footnotes
see
101-
-
page 955.
100
-
100%,
100 ¥2
100 ¥2
23%
47¥4
47 ¥2
900
No par
7%
6%
Fair
Stores
Machinery
No par
Corp
14%
*26%
No par
Co
26%
\
No par
com
Corp
91 ¥1
Food
3
13
Novar
Florsheim Shoe class A
Follansbee
Jan
54% Jan
No par
28%
14,100
—;
preferred
Florida
54
25
Carpet Co
Co
10
Inc„
53
17%
31%
105%
39
104
26 ¥4 Jan
4
58% Feb
4
Feb
7
107 ¥4 Jan
3
60
'
29
2
4
Dec
60
19%
Sep
Feb
108
34% Mar
70
Feb
49
Oct
51
Nov
83 ¥2
Dec
109 ¥2
105%
52
Nov
16
Nov
25 ¥2
Oct
105
Apr
Jan
70 ¥2 May
28% July
46%
Jun
Sep
115
Jan
Oct
57
Apr
Feb 11
41 ¥2 Jan
6
33 ¥2
16% Jan 16
17% Jan
6
16%
Sep
20%
Jun
20% Jan
7
14% Jan 13
7
20 %
Oct
29
Jun
19% Feb
11 ¥4
Jan
21% Feb
12 ¥»
Oct
23% May
23
Feb
•
7
13
10
85
12% Jan 17
Feb 14
94 ¥2 Jan
22% Jan 13
29% Feb
25
26
Jan 13
26% Jan
No par
10
23
Jan 13
Jan 16
25% Jan
6
50 Ye Feb 10
45
1
33
Jan
15
Xl00% 100 ¥2
300
100
100
Jan
11
preferred
34 ¥2 Aug
10
37% Jan
Fruehauf Trailer Co common
cum
6
27
21% Jan
Freeport Sulphur Co
Froedert Grain & Malting Co Inc_l
4*
21% Jun
Sep
25% Feb
26% Feb
107 ¥2 Feb
1,800
18
45
Oct
10 ¥1
Jan 16
Jan 13
7,700
*17%
x35
Feb
Nov
26
8
107 ¥2 Jan
Jan
Feb
54% Feb
10
Jan 13
35 ¥2
...
26%
112 ¥2
Feb
6
30
Sep
Oct
14 ¥2 Feb
21
May
Sep
35
Jan
Jan
20
2
10
.
...
prior preferred
Francisco Sugar Co
105 % Jan 10
Jan
108
15 ¥4 Feb
No par
Corp
21
Jan 16
104% Feb
6
24% Feb 14
22% Jan 13
lo
100
Stores
14%
1
1
Rubber
90%
14%
24 ¥2
For
40
17
$4
5
preferred
35 V*
20
100
Ins N Y
Fire
Tire
National
108 ¥2
22
101
4% %
34%
17%
17% Z 17%
Firestone
*106 ¥2
-
•
preferred
Mfg Co
Enamel Corp
35 ¥2
20%
22
92
50
5,000
No par
conv
106'¥2
18%
29 ¥4
35%
583/„
15
Tarrant
Fidel Phen
56 ¥2
22%
24%
Ferro
56%
22
26%
500
&
59 ¥2
•18
*26%
57
4%%
106 ¥a
58
20
Federated Dept Stores com
Felt
58%
19
29
*56 ¥4
6,800
106 ¥a
23
*91
*100%
40
*39
40
'104%
56 ¥4
¥4
106
106.
20 ¥4
20
*56 ¥2
57 ¥2
106%
35%
/ *22%
('
53
105 ¥4
~
:
Jan 21
11% Jan 14
24 ¥4
*106 ¥4
r
44
25%
36 ¥2
-4
5
Federal Motor Truck
105 ¥4
107 ¥2
.18%
14 n
Federal-Mogul Corp
2,300
24%
35%
10%
1,300
14
26
25
*106 ¥4
*39%
513/4
13%
26
'
20%
*51 ¥4
14 ¥a
14
26 ¥•
57
►
53
523%
1043/4
106 Vs
20%
42 ¥2 Jan
1,300
24 ¥1
58%
57
39% Jan 21
223/4
107
25%
*106%
106 y8
2
Farnsworth Televls'n & Rad Corp.1
104%
■
100 ¥2
No par
Federal Min & Smelt Co
Fajardo Sug Co of Pr Rico
7,500
25 ¥4
'
3
29
Federal Light & Traction
$6 preferred
100
22%
107
4.000
24%
59%
24 ¥1 Jan
100
23
107 ¥2
.
No par
& Co
29%
V8%
26%
57 ¥2
19% Jan
42 ¥2
13%
•
36% Feb
Dec
*41%
42
8¥2
2,000*
105%
25%
88
Sep
7%
42
*22%
*107
43
29
.
58
24%
59%
G
22%
29%.
9%
8 ¥2
58
20%
*■
Nov
21 Va
7
Jan
52
.
52%
14%
47 ¥2
1
9% Feb
14
9
58%
2.9 ¥«
29%
107 ¥2
*41 ¥2
*56%
t
•4F>•
*107
30
31% Feb
60
52
Jan 16
25% Jan 16
7% Jan 13
22 % Jan 15
106
Jan
2
58 ¥4
*104%
•
105 ¥2
i.
23
8%
22%
43
14 ¥4
•
'
■
..
52%
52%
14 ¥4
f
f*
59
•41%:
43
*42
¥4
107
107
'
58
X29 ¥2
17
Jan 28
22
39'
101
Jan
7
13
15
18
71
Sep
19% Nov
100
Apr
49% Jan
Feb
25 ¥2
Sep
28
20%
Sep
45 ¥2
Sep
35% Jan
61
Jun
16
Nov
Jari
2
28% NOV
Jan
9
99
Sep
27% May
48
Jun
112
July
—1
.f
1
yolume 165
,
iilll
Number 4569
THE COMMERCIAL £ FINANCIAL CHRONICLE
9.45,
NEW YORK STOCK RECORD
1"
■:
..
LOW
AND
HIGH SALE
PRICES
STOCKS
Saturday
Monday
Tuesday
Feb, 8
Wednesday
Feb. 10
Feb. 11
Thursday
Feb. 12
Feb. 13
J per share
15
$ per share
15%
14%
15 3/8
$ per share
15%
$ per share
16%
Friday
$ per share
16
Sales for
Feb,,14
the Week
$ per snare
16
16%
NEW
17
8%
7%
7%
7%
14,200
G&Oilel
20%
7%
20%
*20%
7%
73/4
20%
10,200
Gair
12%
12
19%
12 3/a
20%
11%
20'/a
20 %
2,500
113/4
11%
11%
113/4
4,200
16%
16%
183/4
19
17
18%
*16%
173/a
*16%
17%
18%
18%
9%
18%
18%
18%
9%
*43
437
17
9%
9%
9'%
43
42%
42 3/4
EXCHANGE
17%
173/a
17 5/a
CLOSED
*98
15%
108
15 %
15%
*98
108
15%
*108
111
*108
111
57
57
56
57
55%
12%
12%
12%
12%
12%
*172
174
17%
♦172
17%
13%
174
17%
18'%
46%
13%
46%
46
32%
156
39%
39%
42%
49
*130%
*117%
125
64%
48%
131
65
128
18%
24%
152%
38 %
393/4
42%
43 %
48%
48
131
*118
64%
63%
104%
104%
16%
19%
18%
25%
26
16%
31
16%
31%
30%
140
*135
16%
31
16%
6%
6%
6%
6%
26'/8
26%
25%
26%
35%
35%
*135
123
35%
123
33%
121
33 %
29
39%
*104
39%
107 %
*97
98
31%
29%
*105
30
*55
30
*55
6%
120
56%
*55
6%
49
49%
1,400
132
♦131
132
127
*117%
108
98
31
13%
15%
30%
30%
104%
13%
49%
14 %
36
36
14%
14%
13%
38%
*36
14%
14%
49%
25%
48%
*373/4
15
15%
30
133/4
*36
49%
137a
20
19%
20
36%
3634
*102%
36%
103
25%
*102%
26%
8
253/4
8
*86
8
48
14%
13 Vb
13%
25%
161
68
•61
67%
36%
67%
20 V8
20
36'%
36
103
253/4
103
26
26
8
*86
73%
89 %
133/a
63/4
*86
14 %
68
*61
67%
20%
35 3/a
103
26%
89%
*87
33/4%
preferred
2,200
4,400
2,500
70
89%
$5
13%
13%
5,500
13%
133/a
4,100
63%
6334
47
63 %
48
63%
62%
63 %
47%
47%
1,100
$5
62 3/4
63%
623/4
63
8,600
Gulf
*19
19 %
*18%
*19
19%
Feb. 11
19%
19%
*19
$ per share
SALE
19
$ per share
*109
107
107
*107
108
*105%
24 %
24 %
*155
x24
165
38
38%
*9%
10
*99
24 %
165
*155
*37 %
*9%
100
8%
*98%
12
11%
11%
8%
33%
.
29%
7%
33
33%
29%
l
*100
37%
10
100
*98%
11%
8 %
102
37%
9%.
100
11
11%
8
8%
32%
29%
*100
165
37%
29%
33
30
*191
102
38%
19%
18%
19
38%
112
110%
110%
*105%
107%
*105%
107 %
24 %
233/4
24
STOCK
EXCHANGE
CLOSED
*155
165
*155
1,300
165
373/4
373^
*37%
3774
800
9%
9%
9%
300
*98%
9%
100
11%
11%
774
8%
32
293/4
*101
•98%
11
32%
*29 %
*101
*42%
423/4
700
107%
107%
70
61
6L
62
*131%
133%
*77
'131%
80
*128%
*77'
131
*27%
133%
80
130
131
>
32
32
28
28%
27%
32
*27
27%
28%
28%
28%
28%
28%
18%
18%
*23'%
24%
*23%
38%
40%
39%
,*18
-
.
18
%
24
68
162
61%
133%
♦
130
80
131%
*26%
27%
•31
32
-
*27
29%
29
29
*1/%
*23%
40%
68
162
21%
'131%
*77
28%
;*31%
66%
168%
61%
39
y4
lb %
24
40%
21%
-62
19%
*27%
36%
.
28
,
36%
6%
For
.!
footnotes
-mm '-1
■
2
16
Feb
33
Jan
10
28
Nov
14
101
Nov
7
12%
Jan
54% May
30% Mar
105% Feb
13
12% Jan
Jan
27%
Feb
40%
Oct
Jun
Feb
112
Dec
13%
14% Feb
10
123/4
Dec
36
Feb
10
33 %
Dec
35
Dec
14% Jan
14
6
13% Dec
21
Feb
64
Jun
343/8
Jan
188 %
Apr
.
6
27
158
Oct
69% Feb
4
Feb
5
55
Oct
79
Feb
Jan
23
75% Jan
7
61% Nov
105
May
159
64
3
49% Feb
70
38 Vb Jan
6
16
Jan
14
27% Feb
3
7% Jan
13
83/a Jan
10
1
1
22
20 3/a Jan
4
40%
Oct
22%
Nov
20%
54% May
.
Apr
111
Oct
52%
Oct
Apr
13%
23% Dec
6%
Dec
20 3/4
Dec
30% Feb
102%
Jan
Jan
108
24
16
89% Jan
2
10% Jan
14% Feb
3
9%
Sep
30 %
Jan
10% Jan
13
143/4 Feb
1
12%
Dec
13%
Dec
No par
38% Jan
16
483/4 Feb
7
31%
Oct
78%
25
573/4 Jan
16
633/4 Feb
8
56%
Sep
78
No par
No par
when issued
No par
Corp
61 3/4
86
Jan
80
Nov
Jan
May
Range for Previous
STOCK
7%
preferred
(G
*77
preferred
Hershey Chocolate
$4 conv preferred——.
*130-
132
90
1
28%
•28%
29
18
18
*17%
23%
40%
*23
24
19%
55
39%
Co
The
Hollander
300
100'
&
Sons
8,900
183/4
19
5,700 *' Houdallle-Hershey
*54%
55
30%
30%
30%
30%
30%
103'%
103%
103%
103%
103%
200
•
(A)
Holly Sugar Corp..
Homestake
Mining-
40
—; $2.25
preferred-
—
com
;
—
2,100 ;
200
Household
Finance
151%
Nov
33
Nov
8
Oct
16 3/a
99% Jan
4
99
Sep
Jan
13
12
Feb
8
8
6% Jan
32
Feb
16
13
27
8% Feb
11
8
273/4 Jan
26
29
25
1,300
35%
2,900
Howard Stores Corp..—
Howe* Sound Co
63/4
5,000
Hudson &
Manhattan....
preferred
8
2
3
423/4 Feb
13
107% Feb 13
25
63% Jan
162
Feb
17
Jan
54
Jan
131% Jan
78
Jan
128
Jan
16% Jan
1
100
13
4% Jan 13
9% Jan 13
Jan
5% Nov
15%
Jan
29%
36
Oct
41% Dec
103
44
fDec
105%. Dec
,
Dec
61
Dec
17% Nov
Feb
5
46%
iJan
90
Oct
169%
8
Dec
May
1093/4 Mar
Nov
'
•
51»>
28% Nov
101
22
192
'
Jan
7
130
Jan
Jan
11
76
Sep
106
132:
Jan
30
123
Nov
146%
4
-
Sep
1
Apr
Apr
May
Jan
39% May
Oct
22
Aug
38% Jan
,
72%
139
29% Jan
Jan
Apr
.81
x43
Nov
May
32
Feb
10
26
29
■Jan
29
21%
Sep
41%
31% Jan
2
22%
Oct
37%'Jun
Dec
,
19-
Feb
3
18
25
Jan
25
22
11
34%
19% Feb
1
8
46
31
8
Feb
103% Jan 20;
92
Jan
2.
27
35%
Sep
.
,96
Sep
13
14%
Oct
Feb
5
24%
36% Feb
8
303/4
6% Feb
10
13% Feb
6
.
47
11%
Dec
12%
,
25
■'V' •
SS5
Julv
60% Feb
Oct
Oct
5
Dec
';30'., Apr
Oct
29
Jun
111%; Jun
99%, Dec
76%
j Jan .-
52% Apr
NOV
,
20% Feb
'
56
.28% Feb
12%, Oct
54% Feb
•
May
34'% May
Sep
*
Apr
-40
Sep
40% Feb
25% Jan IT.
32% Jan
Aug
60% May
132
13
16
5
100
170
20 3/a
29
63
24% Jan 16
16% Jan 17
23'A Jan
3
35% Jan 23
15% Jan 16
50% Jan
3
28% Jan 11
100
Jan
3
86% Jan
343/4 May
106%
Jan
Jan
Jan
Nov
22% Feb
68
165
Jan 27
Jan
3
com..—No par
c.
35% Jan
30% Jan
101 % Jan
Jan 13
39% Jan 31
106% Jan 16
100
17
13
16
16
10
15
24
Jan 31
35
non-cum
160
3
.3%%
5%
Sep
6
"6%
200
20%
27
36%
12%
30
Jan
6%
*113/4
Jan
10% Feb
353/4
12
243/4
39% Jan
36
6%
Apr
17
14
36%
12
Apr
109%
27
Houston Oil of Texas v t
63/4
119
16
1,200 '
13%
Oct
Jan
8% Jan
x98% Jan
8,900
-•
103
105%
33% Jan
19 %
90%
4
30
160
'
90%
Feb
Jan
1
100
No par
12.50
No par
50
May
Aug
112
Jan
10
27%
90
26%
100
90%
90
24
Oct
8
5
5
(Del)
Oct
173/4
16
No par
No par
Inc
(C E)
2,300 v" Holland Furnace
18%
23 %
Hewitt-Robins
Hires
Nov
15
22
Jan
Jan
100
" Hlnde & Dauch Paper Co
100
26%
35
4
108
107
10
1
-5%
10
80
11
16
14
14
Jan
Hercules Powder...—No par
1,700
133%
Jan
19% Feb
19
Jan
16% Jan
22
25
100
No par
preferred
Motors——
39
6
40 %
107
'
*131%
Jan
Highest
$ per share
S per share
i73/4 Jan
.5
W)
non-cum
Hercules
37
S per share
par
100
25
100
Co.—
cum
t per share
Lowest
par
1
400
-40
100
2
25
200
28
5
15
(H J)
Helme
*
2.700
29
par
iear 1946
Tanuary 1
Highest
Range Sil
Lowest
preferred
3.65%
10
62
131%
YORK
19%
123/4 Jan
41
Feb
12% Jan
.
26% Jan
27
955.
24
Oct
163% Jan
20%
page
36% Jan
5%
:
4
27%
see
.7
2
19%
-v-icri-,u. 14,ig:T.'.T"jr«-
7% Feb
13
273/4
6%
25
Jan
16
Oct
Jan
I934
35%
Jan
5%
23% Jan
2&
*12
5
43% Jan
par
19%
6%
53/4 Feb
43
8
28
12%
10
113%
Sep
19% Nov
16
19%
6%
10
Jan
28%
12%
Jan
13% Jan
27%
6%
24
32
19%
13%
*12
105%
6
36
19%
'
25
33/4 Jan
preferred...——
100
Houston Light & Power Co—No par
89%
Apr
107% Jan
16
103% Jan
32'/a
19%
30%
Mar
77
4
26%
*54%
103
107
Nov
16
30
19%
89%
Sep
50 %
16
*31
54%
30%
100 7/a
11
17% Jan
*27
183/4
103%
25
58% Feb
104
32"% Jan
30
54%
89%
Jan
16
102% Jan
32
19%
30%
Apr
14
Jan
53
24
1
Jan
102% Feb
100
27
55%
'102%
88%
Jan
*
& Die Corp..No par
No par
32
19%
89%
Nov
1
27
*54%
31
59%
100
•27
19%
103%
623/4
80
54%
30%
11
No par
Co
Heinz
400
21%
132
19
*89
68
165
21%
132
*130
67%
*160
22%
*73
54%
103%
Oil
3%%
423/4
61
713/4 Feb
Jan
20% Jan
pfd—No
preferred
Hecht
800
107%
21%
16
Inc
1,700
30
423/4
66%
Co
323/4
102
107%
'162
61
8 3/4
1513/e
NOV
Nov
No par
Hayes Mfg Corp
Hazel-Atlas Glass Co—
42%
66
47% May
57/a
No par
Hayes Industries Inc
107%
22%
Nov
106 % Jan
RR
4,900
413/4
168%
West
8,000
"106%
66
Si
8%
41%
21%
27
5
Ore
31%
7%
323/4
29%
102
100
107%
'162
116
11
7
3
No par
1
Hackensack Water
Hall (WF) Printing Co
Hamilton Watch Co
No
4%
conv
preferred—
Hanna (M A)i Co $4.25 pfd__No
Harbison-Walk Refrac
No
6%
preferred
Hart, Schaffner & Marx
Hat Corp of Amer class A
4%% preiferred
170
24
*41%
66
6
121% Jan
32% Feb
4
13
Par
20
'106%
22%
Feb
7
29% Jan
EXCHANGE
100
41%
168%
57/j, jan
119% Feb
100
NEW
400
107%
21%
May
No par
preferred
conv
Common
500
19
*40%
*65
Apr
Jan
58
24
No par
Shares
*106%
*162
56 %
2
57% Jan
No par
pfd
Prop
conv.
Iron
the Week
19
*18%
*109
24
9%
33
*29
102
24
*155
Oct
Dec
49 3/8 Jan
6
No par
Gulf Mobile Si Ohio RR
Sales for
$ per share
38%
18%
1C8
Feb. 14
t per share
19%
112
Friday
Feb. 13
*38
18%
112
36 3%
53
16
55% Feb
May
7
6
STOCKS
Thursday
Feb.12
19
18%
*109
10~6
13
PRICES
Wednesday
39%
112
108
Oct
Feb
Jan
H
HIGH
Tuesday
*109
Dec
100
42% Jan
Grumman Aircraft Corp
Guantanamo Sugar common
13%
102%
30
103
10
(H L)
133/4
20
21
297/a Feb
Bay
13%
105% Jan
16
Jan
102% Jan
Greenfield Tap
800
4
Jan
Greyhound Corp (The)
4%% preferred
3,500
8
Apr
100
Green
100
Sep
423/4
Jan
Preferred
10,300
104 %
Jan
10
com
Great Northern Ry 6%
Western Sugar
2,000
26 3/a
Oct
22%
No par
5
Green
19%
96
1
Great
2,400
5
102%
100
Co
cum.
Jan
2
Steel
Nor
118
Feb
City
$2.25
Great
Sep
98
No par
(W T)
Jun
31% Jan
24
Grayson-Robinson Stores Inc
100
48
(B F)
Feb
60
13
102
50
111
10
22
105
3% preferred
2,500
Jan
29 % Jan
Co
Granite
Grant
2,600
97
Apr
Oct
32% NOV
105
Jan
Union
4,800
25%
(The)
$5 preferred
Goodyear Tire & Rubber
$5 convertible preferred
Gotham Hosiery
Graham-Paige
Motors.
Granby Consol M S & P
13%
*38
137
108
5
Gold Si Stock Telegraph Co
Goodali-Sanford
Inc
110
11
No par
No par
conv
Grand
28
40% Feb
2
No par
preferred
Goodrich Co
103% Jan
Jan
Brothers
Co
28
13
103
No par
preferred
Goebel Brewing Co
13%
38 %
8
33 % jan
100
Safety Razor
conv
preferred
Glidden
48
*38
Jan
103% Jan
100
Gillette
$4.50
133/4
5
preferred
Glmbel
105%
Corp
4%%
13%
38%
150
General Tire & Rubber Co
47%
*38
Oct
138
July
May
14%
Feb. 10
31
49 %
47%
$ per share
Jan
5
46 3/a
14 %
Feb. 8
133
10c
Jan
May
Apr
132
47%
S per share
100
73/8
Oct
14%
AND
48
Oct
Oct
14,500
26%
*7%
233/4 May
Nov
2%
Nov
50
103
26
8
Oct
24%
24%
3,800
67
19%
363%
103
14 %
8
32
68
67
6
31% Feb
101
162%
25%
♦161
16 % Jan
13
1
2,400
121
14%
473/4
25%
1613/4
4% Feb
16
Jan
5
2
Shoe
4%%
38
14
16
27
Corp
29
15%
13%
3% Jan
14% Jan
No par
Utilities
Feb
4734
LOW
8
10c
Dec
Apr
40%, Jan
30
14 %
Monday
21% Nov
35% Jan
47 3/4
Saturday
8
124% Jan
31
*36
49%
8
89%
*86
13%
48%
103
26 3/8
15
30
104%
38
47%
19%
36%
103
8
89'%
14%
13 3/a
2534
19 5/a
15%
14%
67
Feb
22
500
14%
161%
68
26
Feb
21
38%
•36
25%
67
13
29
Feb
22
38%
38%
14%
161%
67%
21% Jan
No par
Nov
80%
323/4 Jan
2,000
14%
38
25%
67
15
103
24% Jan
6%
14%
*60
6
132
Dec
112% Jan
28,000
30%
162%
71
19% Jan
Nov
101%
Gen Steel Cast $6 preferred—No par
5 3/a
1047%
25 %
*63
16
124%
5
General Telephone Corp
20
Gen Time Instrument Orp__No par
4%% preferred
100
6 3/4
29%
'161%
71
153/4 jan
8
Feb
5%
•104%
25%
*63
104% Feb
128
Jun
55/a
1047s
162%
*161
Feb
2
Oct
Jun
7%
30%
'104%
17
.
473/4
113/4
5%
38%
115
26%
7
38 %
128% Jan
Feb
56% Feb
; 54% Aug
135% Jan
123 ;; ,Jan
-
47
3,200
24
Jun
Jan
3,200
70
104
42
29
$5
32%
69
Oct
7
23
1,300
44%
71
39%
Jan
36% Jan
56
6 3/4
9
51
Apr
Apr
2
9,900
293%
313/4
453/4 Jan
52,
30% Jan
4,800
102
*120%
14
23
182
*
1
50
30 3/4
6 3/4
42% Jan
44% Jan
48%
Oct
10
108
32%
33% Dec
;47% Aug
Oct
23'%
7%
15%
*55
156 /i Oct
3
v
43/4
1073/4
7
*104%
56
7
.\
20%
*223/4
7
30%.
44
Jan
39% Feb
Oct
8
*106%
7
104%
45
160
16
90% Aug
Sep
27%
8
106
28 3/4
102
13
Dec
x35%
6 3/4 Feb
1073/4
7%
30%
*105
29%
Feb
35% Jan
74%
..
26% Feb
233/4
1
104 %
106%
102
8
Iq
2,600
98
30%
Feb
10
500
38%
120%
5%
*
*97
13
33
Jan
*1063/4
5%
16
*107%
2
47% Feb
2
Apr
22% Jan
23%
5%
15%
33%
x38 %
78% Jan
16
163/a
No par
106
393/4
31
28% Jan
28% Apr
Sep
210
29
•104
75% Jan
41% Jan
Apr
Nov
8%
4,800
122
106
11
125% Jan
General
33
X
9
14% Feb
xl01% Jan
1,300
*27
13
18% Jan
13
Dec
200
Dec
No par
35 %
122
xl70
No par
common—No par
35%
29
1
11
35%
333/4
Feb
65% Feb
Gen Realty Si Utilities
General Refractories
1223/4
175
3
2,200
5,300
Apr
51 % Jan
25
107%
22%
38%
6'/a
14%
Sep
13
10
24%
1,200
5%
38%
10
137
6
10%
Dec
Gen Railway Signal
6%
preferred™
10,500
22%
38
*134
6%
11
Sep
26
57%
5%
38
135
Apr
12% Feb
114
Gen
Public
71%
109
Dec
•
jan
series
Adv
21% July
Dec
48 y/' Sep
104
11% Jan
153
May
9
126
Precision Equip Corp
Public Service
$3.75
24
1413/4 May
31
6
Gen
Gen
13%
Jan
Jan
5
3,200
1,700
13
Jan
May',
Jan
58%
Feb
25
103 %
22 %
15
109
Nov
Jan
Feb
25%
1,800
15
78
Jan
131
Outdoor
42,900
67% May
X122
Gen
4%
Dec
38
9
2,300
16%
17
14
183/4
30
Dec
Jan
Xl8%
4%
29%
100
18%
56 3/4
5%
xll3/8 jan
Sep
100
1,200
69%
5874
2
17
preferred
2,400
16
Jun
17
7%
15% Feb
9
Jan
.
26
No par
1043/4
29%
223/4
No par
1273/8
4%
3
Jan
50
No par
104%
16 3/a
Apr
Nov
50
Co
127%
30%
21
8%
100
1043/4
25
153/4 May
11% Jan
No par
100
General Motors Corp
$5
preferred
Preferred
131/2 jan
109
2
preferred^
conv
Oct
Sep
14% Nov
43% Feb
18% Jan
105
i
Highest
Sep
7
9% Feb
17
Jan
^
1273/a
48,800
102%
22%
23
6%
3% %
58%
57%
107%
'107%
Electric
Jan
170
2nd
prelorred
Inc
preferred—^
General
80
x57 %
56%
*107%
56%
preferred
64 %
•103%
57%
107%
27
100
5
62%
6 3/4
105
57%
*107%
16% Jan
No par
65%
32
713/4
25
No par
General Foods Corp
General Mills common
127
120%
32%
"103
48%
•55
6%
105
7,000
44%
120%
Jan
5
Cigar
7%
18,000
43
283/4
45 %
120%
*103
105
39
42%
102
56%
68
50
38%
•105
297e
32 %
69
154
39%
30%
121 %
68
*152
170
43
98
31
6%
32
1533/4
108
1C3
44%
conv
General
39%
108
31 %
69%
*103
46%
40 %
*120%
31%
68%
28 3/4
4%
1,900
76 %
29
1063/4
'102
1,300
313/4
'104
6%
120
31
30%
1st
47
33%
98
'105
102
45 %
56%
*6%
31%
29
46
*97
106
102
102%
45%
'107%
4%
47
31%
122
106
38%
98
31%
108
102%
39
*97
31%
*105
122
3334
108
*753/4
31%
6%
29%
*38%
76%
47%
35%
33
'■
tpetihaje
18%
19 % Jan
100
Corp
Corp,
25%
*29
*107%
108
Cable
13
38
Bronze
General
43/8
36
'104
General
23,500
135
33%
106
2,000
13%
6 3/a
29%
*28
106
17%
13%
16
26
1213/4
*17%
14%
30%
163,4
30%
6%
36
122
33%
29%
*104
36
17%
4%
140
26
30
1043/4
19
25
30%
140
174
1273/a
104%
18%
26
•135
*172
25%
104 %
18%
4%
174
173/4 jan
15 >
5
10%
xl7% Feb
Jan
1
14
12% Feb
16
8
50
$4.50
preferred
Gen Amer Transportation
General
Baking
$8
preferred
5,600
13
Jan
\
$ per share
Jan
91% jan
15
1.66%
Feb
1946,
Lowest
B'/b Feb
21
50
18%
104%
25
12 %
17
13
l
633/4
127%
4%
12 %
48
6574
127
4%
12%
13
Gen Amer Investors
2,700
*131
127%
4%
4,600
56 %
'118
*126%
4%
15 3/8
111
55%
383^
127
X63%
15%
*108
16
6'/a Jan
19% Feb
3
Corp
preferred
conv
12% Jan
No par
Container
5%%
42 3/a
131
125
15%
111
Gaylord
108
57%
153
483/4
131
*117%
128
104%
131
*152%
43
42%
*98
47
32
39%
"38%
42%
*48
X32
5,500
108
76%
46 3 4
46
32
300
17 %
$ per share
No par
Gar Wood Industries Inc
4%% conv preferred
13%
75 %
*154
423/4
17
$ per share
l
20
Gamewell Co
(The)
Gardner-Denver Co
17%
14 3/8
75%
33
*42
17%
Highest
1
common
(Robert)
31
13%
75%
46%
42%
17
174
18%
13%
156
7,700
12%
173%
is y8
9 3/a
(The)
Inc
PK.erred
Year
.
Lowest
Galvin Mfg Corp
1,600
9%
Co
Co
6%
100
18%
56%
12%
75%
32
.
173
17%
18%
42 3/a
'108
57%
*16
9%
153/a
111
13%
156
*
*110
8
9%
*98
15%
76
*75 %
STOCK
17%
105
15%
9%
43
8
17%
*95
12
Range Since January 1
par
20%
*16%
"*
Range for Previous
STOCK
Shares
12 %
8
YORK
EXCHANGE
*20 %
3
1
.
G
g
Jan
" Jan
COMMERCIAL &
THE
Monday, February 17, 1947,
FINANCIAL CHRONICLE
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
HIGH
LOW AND
SALE PRICES
Monday
Tuesday
Wednesday
Feb. 8
Feb. 10
Feb. 11
Feb. 12
Feb. 13
$ per
42
Sper share
$ per share
42%
42%
42%
19%
20Ve
19%
19%
26
25
25%
share
18%
26
25%
6%
IVe
7%
42%
7
7%
$ per share
7%
41
19%
26
6%
41%
19%
26%
6%
37%
37%
37%
600
28 VB
29
17,800
53
53
600
96
30
42%
20%
19
20%
25%
25%
26%
7
7%
Hud Bay Min & Sm Ltd
Hudson Motor Car
Hunt Foods Inc
Hupp Corp
1,700
21.6P0
1,400
9,000
42
42%
Highest
Lowest
5 per share
$ per share
Par
Shares
$ per share
$ per share
Year 1946
Range Since January 1
Lowest
Highest
NEW YORK STOCK
EXCHANGE
Sales for
the Week
Friday
Feb. 14
Thursday
Saturday
$ per
share
$ per
share
37% Jan
14
43% Feb
3
33
Sep
16
Jan
13
20% Feb
13
14%
Oct
34% Mar
23 % Jan
30
30
Jan
2
5% Jan
Ho par
Ho par
6.66%
1
45 % May
16
25 Vb
Oct
49%
Jun
7% Feb
5
5%
Sep
10%
Jun
Jan
8
31%
Sep
44%
Apr
I
38%
38%
29%
28%
29
54
54
'
38%
29%
28
29%
52
38%
29'A
*37%
27%
*37'/a
37%
52%
53
53
96
94%
94%
*94 %
21%
21'A
21%
20%
53
53
*94'/2
96
95
95
21%
22
21
21%
10%
10%
10%
10%
10
10%
10
*28%
29%
29%
29%
29
29%
*29
13%
13%
42%
42%
*125
128
*178
182
39%
16%
8%
8%
13
13
42%
42%
*126
127%
182
*178
182
*178
39%
16%
16%
16%
16%
*8
8%
46%
46%
*46'A
*105%
106%
*105%
106%
*105'A
6%
6%
6%
6%
6%
13%
13%
13%
13%
224
225
81
*222%
81
182
182
222
10%
10%
10
10%
9%
30%
30
30%
29%
30'A
95%
5%
95%
*94
94
94
5%
5%
36%
36%
134%
36%
134%
50%
51%
105
14%
113
*57%
5%
3,200
34%
17,600
50%
51
49%
106
*14
112
111%
56%
56%
38%
39 V8
39
39 VB
2,400
International Shoe
45%
45
43 %
44
3,100
41
38
38
*35
40
16%
17%
17%
26%
41 %
*147
17
17%
26%
26%
*23
150
16%
*147
100
26%
26'A
25%
*23 'A
24
41%
*41
41%
150
*147
24%
1
Corp
laxertype
Island Creek Coal
500
41
>147
150
*147
2,400
25%
41
150
25
23
11%
Sep
36
i
36
Sep
Sep
22.%
10
4
116
Oct
4
168% Mar
Feb
Feb
33%
13'A
Sep
Sep
8
7%
Sep
5
Jan
Jun
151% Jun
190
Aug
jun
445/8
22% Feb
11% May
35% Nov
9
59
May
Aug
112
May
105
2
Feb
11
5%
Dec
13% Feb
8
10%
Oct
225% Feb
13
Jan
195
Feb
13%
20'A Feb
250
Jun
82% Feb
lo
.66%
Nov
10
175%
Dec
202
10% Feb
11
6%
Oct
Jun
Apr
102
182% Feb
30% Feb
96
5% Feb
36% Feb
8
Sep
45
Jun
90'A
29
Dec
101
Aug
Oct
4%
Oct
28%
Aug
133
Feb
53% Jan
38%
Sep
Feb
95%
Oct
105
11% Nov
Feb
15
58% Feb
Sep
101%
14
113% Feb
Apr
15%
27
8
Jan
136
9
May
Jan
54
13
7
52% .Sep
5
11% Feb
Feb
42%
Feb
148
55% Dec
Aug
113
26% May
July
125
70% July
Jam
Jan
30
36
Oct
49 %
48% Jan
31
39%
Nov
60 Vb Aug
37
Dec
42 Vb Aug
31%
40
Feb
7
17% Feb
11
14%
Nov
17% Feb
11
14%
Nov
313/4
Feb
Feb
26% Feb
11
23%
Dec
50
Apr
Jan
24
41% Jan
30
40
22% Jan 16
23
21% Jan 24
40% Jan 16
143% Jan 2
1
Oct
50
33% Jan 9
13% Jan 13
14
Jan 13
preferred
$6
5%
106% Jan
Ho par
Ho par
1
Foreign jshare ctfs
Interstate Dept Stores
3,600
*23%
24
41
150
17%
17
Apr
7
37% Jan
16 % Jan
8% Feb
53
Jan 15
371% Jan
2
41% Jan 16
*25
99%
Oct
40% Feb
4
Jan
110
Sep
14%
17% Feb
25
No par
.No par
Intern'l
42,400
17%
16%
26%
*23
41%
16%
16%
preferred
Telep & Teleg
7%
100
40
*35
17%
16%
17%
26 V4
24
41%
No par
Ho par
International Silver common
45%
45
39%
16%
100
15
87
7
180
Jan
3
Jan 16
134
Jan 23
46
Jan 16
103% Jan 3
12
Jan 16
No par
No par
Salt
International
100
59
39 %
46
*56%
*35
24
180
58
>55
100
1,100
113'A
39
59
42
25%
112
,
14
14
113'A
113
112
105%
*104
14'A
14%
14%
14%
106
*104
105
*103
14%
International Paper Co...
$4 preferred
Inter Rys of Cent Am
5'% preferred
18,800
50 %
Mining Corp
1
Canada—Ho par
Nickel of
Preferred
20
135
49%
51 'A
50 VB
51'A
*134%
135
*134%
Int
10
Feb
133
26%
93%
4%
33
100
preferred
International
*5%
x34%
135
5
Jan
Feb
13% Feb
7% Jan 13
Jan 13
Jan 13
25
4%
200
96
*92
96
5%
39'A
*41
3,000
*92
Hydro-Elec Sys class A
International Min & Chem
12,400
36'A
*134%
*56%
*22%
10%
2 9'A
5%
X45 'A
17%
9%
29 V4
85
427/a Feb
70
Jan 13
176% Jan 21
Int
10%
30%
30
45% Jan
Oct
30% Jan
Ho par
—100
Harvester
International
Preferred
360
35%
46%
17%
5,400
180 >A
5%
39%
17%
80
.
36%
46
16%
78%
180 >A
5%
39%
*35
224
900
36%
*111
59
10,600
35%
135
135
13
Oct
41
10% Feb
Ho par
Interlake Iron
™No par
Int'l Susiness Machine...
Ho par
100
18%
7
22
41
Jan 2
105% Feb 4
5% Jan 16
11
Jan 16
211
Jan 11
preferred
Intercont'l Rubber
4,300
6%
77/b Jan
1
Ho par
Corp
4% %
30
106
5%
*103%
105
14%
*112
96
Interchemical
*215
181
9%
10%
30%
400
12%
81%
79%
180%
182%
300
6%
225 VB
222
81
182%
8%
46 %
106
13%
13
223
80
82'A
182%
*7%
7
Feb
95
127% Jan 13
180
Feb 4
37% Jan 16
14% Jan 13
20
Inspiration Cons Copper™
Insuranshares Ctfs Inc
Feb
54
Jan 13
36
100
Ho par
Inland Steel Co
6,900
7
6%
13%
6,100
17
45%
8
106%
7
39%
16%
47%
105 %
106%
39%
17%
8
1
Ho par
Ingersoll-Rand
6% preferred
182
47%
48
13
225
80%
182
*178
39%
16%
8%
*7%
47%
*46
2,900
Industrial
30
12 % Jan 14
Industrilt Electrica De Mex, S A
Rayon
39
20
x36% Jan 22
100
20% Jan 13
100 '
43
Jan 13
100
93
Jan 21
1000
15' Jan 16
5
8
Jan 13
Ho par
28% Jan 28
1,300
128
39%
40%
800
.
42 %
42 VB
*124
182
128
40%
29
13 VB
128
*124
39%
29
13 VB
42%
42%
5,300
9%
9%
10
13
Power
—
950
20%
29%
13
42%
42%
124.
17%
21
*
13%
*13
'178
40%
*94%
Co
Illinois Central RR Co
6% preferred series A
Leased lines 4%
RR Stic ctfs series A
Illinois Terminal RR Co
Indianapolis Power & Lt
Idaho
20%
Dec
13% Feb
141
4
14
34% July
Dec
50
Aug
Dec
39 %
Feb
147
163
Jun
J
12%
12%
*103%
*48%
110%
136
104 %
12
104%
104
12%
104
104
49%
49%
49%
49%
110%
108%
108%
*108%
136%
137
*123%
125%
123%
*57
*109%
58%
110
*133
137
123%
104 Va
290
10
110 "a
135
*129
132
125 VB
134
*109%
134
123
123
*119%
125%
200
*57
59
58%
58 %
600
*123
1,000
57
58
57
57
110
110
*110
111
*110
111
*110
111
140
*133
140
*133
140
*133
140
*133
140
39
38
38%
*1Q0%
1,300
50 %
110%
134
102%
38%
*100%
37%
102
*100%
38%
371/B
38%
*101
102
20,500
37%
37^
100
101
101
102
29%
10
30
29%
29%
29%
29%
29 VB
22%
22%
22
22%
22
22
22
28%
27%
28
27%
28%
27%
55%
55%
55%
22 %
700
27%
28%
55%
2,200
27%
7,900
55
>29 %
22
27%
29%
55
30
57
9% Jan
xl00% Jan
49
Feb
108% Feb
125% Jan
119
Jan
54% Jan
110
Jan
Co
1
Jersey Cent Pw & Lt
pfd—100
Jewel Tea Co Inc
__Wo par
4%% preferred
i
100
Johns Manville Corp com—No par
3%%
preferred
100
Johnson & Johnson
1__12%
4% 2nd prefered ser A
100
Joliet & Chicago RR stamped__100
Jones & Laughlin Steel
No par
5%
pref series A..'
100
Joy Mfg Co
1
(F L)
Jacobs
36,500
50 %
50%
*108 V2
13%
103%
13%
12%
11%
49%
50
*108%
12%
104 %
105
12%
16
8
3
104% Feb
Nov
Jan
24%
July
108
59 % May
107%
10
Dec
114% July
115
8
Feb
137
16
16
Dec
45%
2
110% Jan
11
Dec
8%
100
4
Jan
53
Oct
167%
Apr
153
Apr
123% Feb
111
Sep
6
44
Oct
63%
Dec
109
May
115%
Feb
140
28
28
6
62% Jan
Mar
150
112
Jan
11
31%
Nov
Feb
Feb
53%
Feb
8
101% Jan
23
99
Sep
108
May
30% Jan
30
18%
Oct
34
Apr
17%
May
39
32% Jan 16
98
Jan 3
25% Jan
3
18% Jan
K
*54%
57
*54%
*2)
400
16%
16%
26%
17%
17VB
17%
17 "4
17%
17%
17%
3,200
*25%
26%
*26%
26%
*25%
26%
*25%
2 6'/a
100
17
26%
1,700
19%
19%
18%
19
19
19%
19%
19%
49%
49%
49%
49%
48 VB
49%
48%
49%
46
46
48
48
*46%
48%
49 'A
27
27
26%
27%
*27
27%
27%
27%
*115
117
*114%
116%
116%
116%
*19 VB
19%
19%
19%
19%
19%
*19%
20
115
*
117
19 Vb
19%
18%
19
48 VB
49 VB
15,000
48 %
400
27V4
1,400
*47
49%
27%
*115
10
117
200
City
Kansas
Kimberly-Clark Corp
4 7c conv. 2nd preferred
$5
prior
81
79%
80%
79 VB
80
80
£0
79%
80%
510
33
33%
33
33%
33
33
33%
33%
33
33%
1,800
98
98
*97%
97%
97%
97%
97 Va
97 Va
97
97%
610
Cum
38%
39
38%
39
38%
38%
38%
38%
X37%
37%
4,300
Kresge
56%
56%
56%
55%
56%
55%
56%
56
56
2,100
46%
46%
46%
46%
47%
47%
47%
47%
47%
2,200
81
*56
46%
R)
(G
Kinney
preferred
Co
Koppers
Co
pfd
Inc
4% series
Co
Kress
(S H) & Co
Kroger Co (The)
(S S)
24
22% Feb
10
Oct
36
16
28% Feb
11
18%
Oct
40 A
Jun
22% Jan
13
55% Feb
8
45
Sep
67
Jun
49% Jan
& Furn
10
Southern—...No par
4% non-cum preferred
100
Kayser (Julius) & Co
5
Kelsey Hayes Wh'l conv cl A
1
Class B
1
Kennecott Copper
No par
Keystone Steel & Wire Co—No par
Stove
Kalamazoo
15
Dec
26 %
Feb
15% Jan
8
19 %
Sep
34 %
Jan
13
11%
Nov
30
Jan
2
19% Feb
44% Jan
22
52% Jan
2
41
Sep
60'
40% Jan
No par
No par
17% Feb
26% Feb
13
4
13% Jan
No par
100
1
No par
10
100
10
14
23% Jan
23
49 % Feb
13
32%
Jan
55
Nov
Dec
15%
Feb
29
Jun
82
Dec
100
Aug
2 6'A
Oct
46
96
Dec
101
16
27% Feb
13
21
116% Feb
13
16% Jan
14
Feb
Jan
6
29% Jan
14
33% Feb
13
97
Jan
11
98
34
Jan
16
39
75
Jan
85
27
30% Aug
21'A
108%
7
22% Jan
107% Jan
20
Apr
May
3
Jan
Dec
108%
Jun
Sep
May
45 V:
5
Feb
33
Nov
Sep
62 % May
Oct
65% May
48% Jan
11
59
Feb
4
43
45% Jan
27
50
Jan
3
43'A
L
LOW AND
STOCKS
HIGH SALE PRICES
Saturday
Monday
Tuesday
Wednesday
Thursday
Feb. 8
Feb. 10
Feb. 11
Feb. 12
Feb.13
$ per share
$ per share
$ per share
$ per share
6%
6%
*13 %
13%
42%
42%
14%
56
56
41
41%
14%
54%
30
13 %
xl4 %
*56
*12%
42
14%
60
*55
100
13%
6%
60
14%
*56
8,700
6%
6%
13%
12%
12%
1,000
42
42
42%
800
14 'A
6,000
6
%
14%
GO
14%.
*55
100
CO
55%
55%
54%
56%
55%
55%
1,600
30 %
30
*99%
x29%
29 %
29%
29 %
28 %
28%
2,700
99%
99%
*99%
99%
*99%
99%
10
100
55%
Light Co
4
La Consolid 67, pfd
75 Pesos Mex
Lambert Co (The)
No par
Gas
Laclede
No par
Bryant
Lane
50
4%%
preferred
Lee Rubber & Tire
Lees
(James)
3.85%
cum
5
3
100
& Sons Co
preferred
11%
11%
12
11%
12
11%
12%
11%
12
9,100
Lehigh Coal & Navigation Co
41%
41%
42
41%
41%
41%
42%
41%
41%
2,900
Lehigh
8%
8%
8%
8%
8%
8'A
8
8'A
7%
8
4,100
Lehigh
2%
2%
2%
2%
2%
31/4
3
3%
3
3 1
21,000
Lehigh
49%
*28
25%
25
Cement
8%
8%
8%
8%
9%
9%
8%
50%
50%
50
50%
48 %
49%
49
49%
49 %
49 Vi
22%
22%
22%
22%
22%
22'%
22V4
22%
22%
22%
1.800
Valley RR
Valley Coal
Non-cum
preferred
$3 non-cum 1st pfd
50c non-cum 2nd pfd
Lehman Corp
(The)
Lehn & Fink Prod Corp
24%
25
24%
24%
24
24%
24'A
24
24%
24%
2,700
Lerner
*23
49%
23%
*28
23%
49%
22%
8%
23%
*28
23%
8%
49 7
*23
8
25%
24%
%
8
49%
25
8,300
9
3,400
3,500
58%
58%
58%
59 VB
58 Ve
58%
58 VB
58%
57%
57%
3,700
10%
10%
10%
10%
10 %
10%
10%
10%
10%
10%
10,000
*32
32%
31%
32
32%
32%
32
32 V2
*31
32
1,000
*90%
93
*91%
93
92
92 %
92%
92%
92
92
500
92
91%
92%
91%
91 Vb
92
92%
91
2,000
'
09
*188%
189%
189
190
188
188%
118%
*90%
189%
188 %
188%
280
Stores
Libbey
Owens
Ford
B
Preferred
*42%
45
42%
42%
*41VB
44
56%
57
55%
57'A
55%
59
57
59%
57
58%
6,600
Lima
56%
55
55%
54%
54%
53%
53%
52
52%
1,300
Link
1,800
Lion Oil
1,300
Liquid Carbonic
*55%
46%
46%
45%
46
28%
29
>106%
120
29 %
28%
*106% 120
.
*41Vs
45
451/8
45 VB
44
45
x291/4
29%
28%
29
28%
28%
*106%
1121/8
18%
19%
9,800
26%
26V4
20,700
*106
120
*105%
112 Ve
19%
18%
19%
18%
19%
18%
19%
26%
26
26%
26%
26%
26%
27
22
*170
Aircraft
78
77
78
77%
78%
1,400
Lone
21%
21%
20%
21%
19%
20
3,100
21%
20%
Long Bell Lumber
Lorillard
(P)
Co
20%
171%
29
*170
28%
172
170
20%
170
28%
28%
28%
20%
2P%
6,100
169
169 Va
190
*28
28%
600
52
52
52%
52
52%
51%
52
24%
24%
23%
24%
23%
25%
24
25%
24%
24%
11,300
*97%
98%
98%
98%
*97%
98%
40
17%
17%
18%
For
Lockheed
*97%
99
;•
footnotes
17,%
see
99
18%
page
955.
17%
18
18
2,700
3,200
Corp
Loews Inc
78
51%
18%
Corp
3%% preferred
21
52%
17%
Refining Co
79%
171%
*28%
Wks
Co
22
52%
*96%
Locomotive
Belt
20%
20%
J!72
28% .29
;
-
Corp
Lily Tulip Cup
79%
*21%
22%
20%
100
45%
18%
;:'79 "" • 79
44
451/B
26
.
*41%
7%
Star Cement Corp
A
El A
Louisville & Nashville
Lowenstein (M), Si Sons Inc
7 4 % % cum pfd series A
Lukens Steel Co__l
1
•
Gas
1
5
7
&
Jan^l6
Jan 13
Jan 16
50
9%
5
31
25
91 %
91%
185
38
_No par
No par
100
1
No par
No par
No par
10
100
preferred
Louisville
No par
No par
No par
No par
No par
50
1
100
10
15
14
1
—
25
100
Liggett & Myers Tobacco
29
19
Jan
7% Jan
4418 Jan
22 Vb Feb
22
Jan
Glass ..No par
Libby McNeill & Libby
Life Savers Corp
Series
10%
39
6%
2%
No par
Corp
13
21
13
15
Jan 13
10
25
..50
No par
50
No par
11%
41%
Portland
5% Jan
12% Jan
40% Jan
12% Jan
53
Jan
50
Jan
28 % Feb
99% Feb
41%
51
42'A
26 %
102%
,
16%
22%
73%
18%
20%
167 %
26%
46'A
18%
97
14%
Lowest
$ per share
$ per share
$ per share
Par
Shares
$ per share
Year 1946
Range Since January 1
Highest
Lowest
STOCK
EXCHANGE
the Week
Feb. 14
$ per share
6%
41 %
14%
6%
13%
41%
56
29%
*99%
6%
*13
14%
56
6%
Friday
YORK
NEW
Sales for
3
Feb
7
5%
3
11 7
8
Highest
$ per
share
Sep
Jan
9%
Dec
14%
14
Jan
9
44
Jan
31
38
Sep
68
14% Feb
8
131/2
Nov
8
52
Dec
102%
Feb
56% Feb
13
49
Sep
Oct
20%
'56
May
Sep
Apr
Apr
82
--
30% Feb
4
99% Feb
--
4
--
Nov
Jan
17%
12% Feb
13
10%
44% Jan
9
34'A
Sep
55% May
7
Sep
17V4
Jan
8% Feb
6 V2
11
578
Jan
3% Feb
25% Feb
2%
Oct
49%
Jan
64
13
18'A
Nov
38 VB May
6%
Oct
15%
41 VB
Oct
65 7
21%
Oct
33
21%
Nov
4
9% Feb
11
16
50% Feb
10
10
24
Jan
15
25
Feb
6
8
Apr
Apr
Jun
a
May
44% May
Jan
13
59 %
Feb
10
84%
Sep
103%
15
10% Feb
8
83
Sep
102
Jan
43
Nov
Jan
22
33% Jan
9
Jan
16
96% Jan
2
Feb
10
Jan
2
98 % Jan
^90
2
Feb 10
Jan
16
42% Feb
10
Jan
16
59% Feb
Jan
7
56 % Feb
13
3
Jan
16
47 % Jan
7
13
30% Jan
9
Jan
Jan
11
109% Feb
4
Jan
May
74%
Jan
10
Oct
15VB
Apr
28%
Oct
37%
Jan
43
Oct
66
183
Dec
371/4
Dec
65%
44
Nov
88
27 3A
Feb
48%
x45%
Oct
72V4
97
Dec
Feb
210% Mar
108
30%
Apr
Jan
Dec
Feb
July
Jan
Jan
16
19 %
Feb
13
14
Sep
Feb
13
20%
43% May
13
27
Nov
Jan
Dec
451/4
Jan
Jan
27
79% Feb
5
18%
Jan
13
22 % Feb
Nov
22
99
Dec
120
Aug
13
8
24
23%
Jan
6
172
May
Apr
Jan
Jan
Jan
29
64
Jan
94
29 % Jan
31
25'A
Nov
41
17%
Oct
35
Nov
31%
Jan
8
Jan
16
53
Feb
7
16
25% Feb
13
X20
Jan
8
166
Dec
18% Feb
8
Jan
Jan
31
Jan
2
43'A
99 "•
24% Sep
197
32%
Jan
Jun
Jan
Aug
Jan
■
Volume 165
Number
4569
THE COMMERCIAL & FINANCIAL
.CHRONICLE
/;?///:
•
vommowMmm
LOW
Saturday
Monday
$ per share
"37%
38%
56
*37
39%
40 %
14%
19%
Sper share
$ per share
*37 %
*145
55
40%
40%
*107%
108%
14%
14 %
41
54
2,600
40%
4,900
108 3/a
100
40
108%
14'A
13%
14
19%
STOCK
197/e
21%
193A
20%
17%
'
EXCHANGE
17%
17%
17 %
17%
CLOSED
*430
530
*430
11%
10%
11
10%
11
10 3/4
11
14
14
14
2,300
14
14
*13 5/a
14
700
33
32%
4%
27
*
32%
5
5%
27%
27%
32 %
33
4%
27%
27%
4%
27%
27'A
27%
8'A
8%
8%
8%
8%
8%
8%
8%
12%
*12%
13%
12%
12%
33%
33%
33%
34%
34
34 %
*109%
110%
*109%
110%
33%
32
5%
12%
'
33
*32%
4%
12
12%
34
32'/a
4%
2,300
8 3/a
6,500
12%
34%
33%
*109%
110%
*109%
1093/4
34
33%
33%
33 %
33
33%
32%
20
33%
323/a
20%
20%
21%
20%
21%
20 3/8
59'A
59%
20%,
58
58
57%
58%
56 3A
33'%
33%
34
34
33%
33%
*32%
34
34%
31%
187
31%
31%
195
49%
49%
05%
105%
*96
31%
*187
49
12
12
11%
47
111%
46%
*111
46%
30%
30%
30
107%
*105
*105
*37
31
38
30%
31%
31%
30%
56%
55 %
41
41
104 %
40%
104 %
*24
24 %
31%
23%
31%
22
31%
700
$3
111%
10
$6
1st
46'A
46%
900
30%
3,000
107%
40
1,500
473/a
30
38
38
*36%
30
31
30%
30%
31
21%
21%
105 %
105%
105 %
*48%
49%
*48%
49%
49%
49%
23 %
23%
23 %
23%
23 %
24
24
24 %
30'%
30%
104%
30
*48%
49%
24'A
2 3'/a
23
23 %
73
71
71
19%
44%
44 %
45
45
*108
109 %
15%
37%
42
59%
*108
15%
42
*151%
14%
4i%
154
*152%
14%
36 %
14%
13 %
12%
63 %
*113%
114'%
114%
58 3 4
58%
12%
12
24%
25 %
24%
25 %
24%
49 %
49%
49%
49%
12%
12%
12%
*12%
*64
61
24%
31%
60%
24
24%
*48
49%
24%
24
24 %
23%
26%
26
26
46%
46%
45
45
19%
18%
19
18 %
19%
*107
*110
108%
15%
111
Feb
50% Jan
14
56% Feb
35% Jan
16
44
Jan
Jan
2
105
Feb
102
Dec
21% Jan
16
24% Jan
20
Nov
35%
Apr
28
Jan
14
31% Feb
22
Oct
36
Jun
18
Jan
16
22% Feb
18% Sep
14
105% Feb
Co
900
7%
5,300
25%
23%
24%
49%
483/4
49
12%
12%
13%
31%
*110
*31
5,800
1,200
10,200
$6.50
63%
7%
59
4,000
Monsanto
1,100
$3.25
24
*53%
49%
*48
%
24%
24%
54%
49%
2,100
34,% Jan
100
Morrell
(John)
Motor
Motor
Wheel
443i,
44%
44%
1,200
Mueller
Brass
18%
5,700
Mullins
Mfg Co
39%
40%
111
40
*110
14%
14%
14 %
14 %
44%
*42
44%
*43%
44 3
*56
58
*56
58
*56%
58
15%
111
15%
44%
*56
108 %
58
20
3,000
*56 %
200
58
30%
Apr
107%
Aug
57% Aug
26% Nov
<F E)
Oct
52% Apr
77
May
110% July
61% Jun
Nov
113%
Apr
13
10% Oct
18%
Feb
2
31% Feb
45% May
62% Jan
3
36%
10
54
Sep
Sep
14
97
Dec
30
109
Feb
11
.16% Feb
39
Jan
42% Feb
4
153% Feb 11
15
14 % Jan
4
13
13% Feb
16
39%
104
32
NOV
140
Oct
7
Jan
8
66% Jan
114% Jan
30
15
59% Jan
7
9% Jan
7
9%
40%
2
12%' Feb
7
115% Feb
10
100
14
34% Jan
7
28
Jan
13
19% Jan
68%
8%,Oct
Feb
Sep
Sep
Apr
119% July
Apr
Dec
60.
,
18% May
.
129
•.
Mar
44
May
17% Jan
5% Oct
13
25% Feb
Oct
52
Jan
15
51 % Jan
42
Dec
10% Jan
16
13% Jan
11%
Dec
70
Apr
23% July
28% Dec
43% Sep
111% Sep
57% Dec
135% Jun
104% May
45
28
Jan
19
31% Feb
2
Jan
45
Apr
-
55% Jan
16
63% Feb
119% Jan
16
128% Feb
No par
55% Jan
16
64% Feb
65%
Dec
65%
Dec
10
20% Jan
3
24% Feb
20
Nov
30%
Apr
53
Jan
7
54% Feb
50% Sep
62
Jan
44
paid
Lines
__
Inc
—No par
Feb
64
Dec
Jan
Jan
16
50
40
Nov
18
Jan
21% Jan
13
24% Feb
15%
Oct
34'A
5
16
27% Feb
19
Oct
36
1
42
13
49
Jan
34
No par
B___
1
15
Jan
14
19% Feb
11
Jan
May
66% May
Sep
14% Sep
22%
Jun
Jan
6
15% Feb
10
13%
Sep
27% Aug
36% Jan
22
40% Feb
10
32%
Oct
49
108%
Jun
9%
Oct
1
100
8
Jan
106
112
102
Oct
109% Jan
14
Jan
29
10
11% Jan
3
15% Feb
11
50
Bros
56
15
13
com
Jan
105 % Jan
5
America
&
Dec
26% Mar
Oct
45
July
14%
Oct
105% Dec
13
8
173
10% NOV
Jan
6
32% July
5
Inc
Murray Corp of
4%
preferred
Myers
'
Oct
A—No par
common
75%
Murphy Co (G C)
4%% preferred
10,500
Jun
108"% Mar
18% Dec
30% Jan
No par
40
14%
Jan
56%
Sep
Oct
Feb
10
104
No par
class
39 3/4
46 %
20 %
55% Jan
20
preferred
$7
Munsingwear
111
7
Feb
58% Jan
100
Co
1,700
14%
43 %
Jan
111
1.25
Corp
15
*44
103
5
Jan
1
Corp
*14%
*110
14%
44%
4
18%
*106
11
Feb
Apr
;69
50
Products
2,400
19%
48%
39% Nov
10
No par
& Co
2,200
14%
Sep
Sep
44
12 % Jan
100
Impl_.
series
rets
255/a
106
149
3
A
pfd
23
14%
Sep
47% Jan
16
No par
Moore-McCormack
253/a
106
15 "a
30
23%
65% Jan
i4
34% Jan
100
Tool
22%
18%
20
47% Jan
101
16
No par
RR
23
6
13% Jan
Noipar
vtc
Chemical Co
cum
43 % Jari
No par
preferred
$2.50
3
10
Montgomery Ward & Co
100
14
14
105
10
Monarch Mach
Jan
Feb
97% Jan
No par
series
Power
26%
*44
22 % Feb
50
6
preferred series A
121
53%
31
Jan
Mohawk Carpet Mills
Mojud Hosiery Co Inc
583A
22,600
Jan
5
pfd
Mfg
&
Mo-Kan-Texas
500
62%
47
5
Corp
32
61%
103% Jan,
pfd_100
preferred
Mission
120s/a
"59%
122
102
No par
Co__
conv-
Min
25%
*43%
14%
Jan
32
preferred—
23
107
15
x40%
40%
*110
111%
*106
15%
40
790
32%
7 Va
*48%
23%
26%
48
15
115
32%
3.20%
Installment
49%
39%
115
7%
53%
*48
108%
115
33%
62
57
49%
27
14%
Minn Moline
24%
*54
24 %
*39
9,200
120
24
57
27
*107
113/4
*63
24
*53%
*47
18 %
113/a
59
63 %
57
49%
12%
31%
121%
62%
*62%
24%
Minn
12%
60
121%
64%
120
7%
31%
59'A
123
63%
__
*54
31%
59%
121%
64%
1st
cum
2,000
48%
12%
123
8%
58
24
49%
12%
63%
39
.Copper.,
11%
24%
49
60%
Trans
preferred
Machine
144
33
Apr
46% May
7
13
58
57%
114%
May
43
59%
7%
Apr
43
122
27% Jan
Minn-Honeywell Regulator
33%
71
Oct
1
Min
cum
58
114
Sep
25
No par
&
$3.50
1,700
7 %
42
102% Dec
37% Jan
Merck & Co Inc
115
33
7
Jun
Minneap & St Louis Ry
114
13
Jun
Minn St P & SS M A
33%
23
31% Feb
107% Feb
Mar
35%
2,400
115 %
48% Jan
7
15
Jan
May
118
105 Ve
1,200
12%
16
26% Jan
Jun
55
Jun
Oct
12%
61%
44% Jan
101
17
Sep
19% Jan 28
Mid-Continent Petroleum
Midland Steel Products
61
Jan
10
2,100'-
114
Jan
113
17% Jan
36
61%
50
13
No par
36
114
25
NOV
13%
7%
122
45%
111
Jan
18
12%
7%
31%
46
xl09% Jan
61
13%
7%
32
Oct
6
37%
60 %
112% May
97
Nov
Dec
9%
8
13
7%
*30%
93 %
Feb
73
13%
12
*33
Feb
12
24% Jan
12%
12%
114%
33
97
25% Jan
Miami
114
204% NOV
70
May
.
Dec
4
13%
58%
Jan
•
45% NOV
16
13
58'A
195
103
29
14
58%
12%
8
67% Jan
*114
114%
58%
23
20% Jan
8,400
20
Jan
49% Feb
105% Feb
Apr
1
MeSta
700
190
24
75
5
Metropolitan Edison 3.90%
40%
2
Jan.
44% Jan
1
100
154
38% May
2
Corp
(The)
1st
conv
270
40%
24% Sep
187
50
108 %
*152%
10
103 % Jan 20
100
16%
42
48 % May
Jan
18
108 %
154
27% Oct
33
10
15%
*152%
6
3
13
Co
62
64
115
47
*453/4
35% Jan
28% Jan
45% Feb
30% Jun
50
300
110
Sep
Merch
2,300
46%
Mfg
13
12%
64%
*32%
59
48
Mercantile Stores Co Ltd
400
101
,2
112% Mar
preferred
5%
4,800
58
63% Jan
30% Jan 22
1
x62
14%
13%
64'A
*114
Co
101
Oct
Jan
Co
16%
42
153%
xl3%
Shoe
Mengel
100%
Sep
Sep
12%
Jan
Inc
36%
42
152%
Melville
120
19%
31
10
preferred
2,300
44%
xl09
6
11
1
15%
37
42
41%
154
*108%
16
19%
27
Jan
21% Feb
94
preferred
2nd
23
*44
Jan
34
No par
McQuay-Norris
Corp
69
*66
111
16
53% Jan. 16
No par
Stores
4%%
20
No par
preferred
4%
Jan
.
14% Jan
1
Mead
100
•
11% .Feb
20% Jan
:I57% /Apr:
.
30% Jan 24
100
Co
Robbins
&
McLellan
109
Jan
8
3% Sep
~7%
par
Co
Pub
6,000
59%
*45%
109
15%
37
59
100%
46%
107
15%
36%
59%
100
46%
109 %
14%
37%
58%
100
30% Nov
•
Electric
24%
22 'A
19%
44%
47%
50
*48%
24%
24
44%
103
$4
3,200
44 %
59
McGraw
1,800
21%
104 3/b
44%
*46%
13
Corp—^
preferred
conv
McGraw-Hill
700
21%
19%
*100
3%%
200
23%
21%
106
19
60
105%
31
19%
46%
34%:Feb
Corp
McCrory. Stores
400
24%
19%
103
29% Jan 22
McCall
McKesson
73
60
4
Mclntyre, Porcupine Mines-
19%
*46%
13% Feb
Dec
11% Oct
-No par
1,800'
19%
*100
1
No par
preferred
16% Apr
26% 1 Jan ■ •■"}¥(
46% May
,
4
No
2,800
73
*68
10
No par
cum
17% Sep
526
Aug
Oct
8% Feb
NOV
30% May
Nov
•
100
pfd
cum
12%
26
5% Feb
5
405/a
104 %
14
Xl7%
Jun
27% Feb
100
55%
21%
*
4
Jan
May
111% Apr
Oct
8%
13
No par
40 3/8
23%
10
2
7.% Jan,2
11% Jan 25
No par
55%
*103
Feb
32% Feb
3% Jan
100
41
106
14
16
25% Jan
5
Maytag Co
1,100
23%
21 %
*103%
73
31
30%
21%
106
*69
37%
14
Jan
65
Sep
16% Sep
13% Dec
No par
55%
*103
24%
22%
*106%
12% Jan
27
12% Jan
Jun
76%
•
;
12%
520
__
13
1
Co
40%
106
24 %
24 %
4
$3.40
1
10% Jan
6.25
55%
41
*103
31%
23 %
50
113/4
31 %
22
*103%
31%
107 3
30
__
160
106% Oct
13
17% Jan
Exploration
preferred
*110'%
46%
30%
15% Feb
21% Feb
6
5
preferred
111%
97%
113/4
56
24 %
$3.75
46'A
*105
16
1
preferred
Dept Stores
May
180
*110%
31
40%
105*
3,000
*45%
31%
41%
105
47%
*96%
56
56%
7%
46 %
38%
16
17% Jan
14% Jan
50
Corp
12
107%
13% Jan
1
Elec Co—
Mathieson Alkali Wks
1,000
140
10
Master
12
38%
31%
55%
Masonite
105
107%
38
No par
1
600.
46
46%
14
1
96%
111
108% Feb
No par
No par
700
30%
46%
8
Co
195
105
107% Jan
preferred
12
45%
107%
39
48%
105
100
13
share
42% May
Nov
Martin-Parry Corp_l
47%
111
46%
105
Oct
37%
Martin (Glenn L)
563A
30%
38%
7
7,500
4%%
•
33
*187
8
Marshall. Field &
96%
11%
*46 %
111%
46%
31%
195
47%
97 'A
47
*111
48%
103%
*96%
11%
47
*187
xl03%
97
*46%
30%
195
x48
105%
96%
31%
*187
49 %
105%
97
31%
195
56% Feb
2,700
323/4
20%
Dec
41% Jan
5,300
59%
19%
140
2
Corp
Market St Ry'6% prior pfd
130
13
13
Marathon Corp
Marine Midland
27%
8%
Highest
$ per
Sep
Jan
Jari
Shirt
Oil
32
43
No par
Manhattan
Maracaibo
9
37% Jan
Co
3,400
27%
*12
Sugar
38% Jan
No par
Mandel Bros
400
5
110'%
*109%
Manati
25
$ per share
Jan
Mahoning Coal RR Co
11%
$ per share
No par
pfd series A
Madison. Square Garden
Magma Copper
Magnavox Co (The)
,
37% Jan
Year 1946
Lowest
140
4%#
900
530
100
Trucks tnc
Macy <R H) Co Inc_
3,000
530
$ per share
10
Mack
6,500
17%
19%
*430
14
4%
*59
MacAndrews Ss Forbes
6% preferred
153
53%
Range Since January 1
Lowest
Highest
Par
38%
*145
Range for Previous
YORK STOCK
EXCHANGE
Shares
14
*31
1
share
*37%
55%
108%
17%
$ per
NEW
the Week
11%
*13%
*
38%
153
54%
Sales for
Feb. 14
xl4%
530
Friday
Feb. 13
39%
19%
17%
*430
STOCKS
Thursday
Feb. 12
*107%
14%
19
17%
520
11%
40%
109
*14%
19%
17%
*415
39%
Wednesday
153
54%
.V'irS A1 V
M
PRICES
38%
*145
56%
*107%
14%
*37
153
55%
109
-107%
$ per share
38%
*145
56%
SALE
Feb. 11
$ per share
153
HIGH
Tuesday
Feb. 10
Feb. 8
*145
AND
951
37% Jan
2
44% Feb
13
33% Nov
54
6
56
29
50
109%
No par
Jan
Jan
Feb
May
114'A
Jan
22
Feb
70
Dec
Jan
55%
Jun
N
LOW
Saturday
HIGH SALE
Tuesday
Feb. 10
$ per share
19%
AND
Monday
Feb. 11
Feb. 8
$ per share
19%
18%
18'A
STOCKS
Thursday
Feb. 12
$ per share
19%
PRICES
Wednesday
Feb. 13
$ per share
Sales for
Feb. 14
$ per share
19%
Friday
18%
19%
NEW
the Week
$ per share
YORK
Range for Previous
STOCK
Shares
18 3/a
19%
24,700
Par
Nash-Kelvlnator
Corp
5
28%
28%
28 %
29
29
29'
29
29 3
29%
620
Nashville
Chatt
29 %
28%
29
28%
& St
29
29'A
*28%
29
2,000
National
Acme
National
14%
15%
15
13%
14
14
%
13%
13 %
15'A
13%
14%
14%
10,000
15%
13%
16
15%
16%
13%
15%
13%
13 %
15%
5,000
15%
*26 %
26 3 4
15%
15%
1,800
Aviation
26%
15%
National
*26%
26
26
26
26
600
National
Battery
34
30,000
National
Biscuit
26%
26 3
31%
4
22
188
*183
*25 %
26
31 %
*
183
14 V«
32 %
32
34
*183
188
*25%
14%
188
26
25%
14
STOCK
EXCHANGE
CLOSED
26
33
33%
183
187%
26%
26%
32%
*183
187%
7%
13%
13%
13'/a
13%
13 %
*26%
27%
700
13%
12
40%
Va
39%
13%
13%
3S%
12%
4,700
National
40%
40%
14
14
39%
40'/a
39%
13%
14
39%
5,100
Nat
13%
14
13%
14%
3,000
Nat City
40%
13,400
*14
14%
39%
16 •*
40
39%
40%
X39%
40%
4
16%
16%
16%
16%
16%
33%
34 %
34
34%
34
34 3
19%
19%
21%
21%
39%
39%
24 3
4
*104
34%
25
19%
19%
21'A
213
*38
24
%
*104 %
35
34%
*187
188
165
189 "2
*163
19%
7%
*51
1%
90%
*27%
7%
28
24%
53
1%
91'%
29
15%
19 %
20%
19%
19%
3,700
20%
21
21
21%
33,900
34%
*162
24%
106
3-5 "8
18
93
*28%
17
11%
22%
*16'
*105
33'A
For
41%
24%
23%
106%
*105%
34
35
34
6,000
189
189
189
110
163
*162
363
27
27 %
51
52 %
51
51
1%
20
188
7'/a
91
10,100
162
27 %
*27
500
24
189%
7%
1%
33 %
42%
106%
164%'
27 %
91%
*40
235/a
106 %
1%
4
7 %
1%
7%
*7%
26
*50
27
13
Jan
16
16% Jan
Sep
14% Nov
1
11% Jan
13
14
10
Sep
14
Jan
15
16% Feb
10
13%
Dec
20"% May
28% Jan
24
Jan
13
26% Feb
8
20%
Oct
34%
7%
1,000
1,200
51
l5/a
1%
91 'A
90
91%
x88%
27%
27%
27
100
27
1%
17,000
88%
2,400
300
15%
14%
15%
15%
15%
15%
15%
12,300
18%
18
18 %
13
18%
17%
17%
1,400
Corp
Enam
National
7%
&
Lead
National
Linen
Nat Mall & St'l
National
Oil
Service
Products
Corp
Co
93
94
92%
92%
740
29
28%
28%
28%
28%
1,000
National
16%
17%
12'/4
17%
16%
17%
11%
4,000
12%
12
Nat Vulcanized Fibre Co
12%
12%
12%
12%
12'A
5,500
Natomas
3,600
24 %
23%
24%
18%
18%
18% '
33%
105
footnotes
*105
106
33 %
*104%
see
page
*105
34
106
105
34%
105%
955.
*
36%
37%
104 %
105 %
104 %
105
38
104%
*105
37%
*104
106
38
104%
-
600
40
2,300
30
Feb
40% Feb
14% Jan
45%
Jan
7
13
Oct
24% Aug
32% Jan
40% Feb
13
1
15% Jan 23
30
Jan 23
16% Jan 13
17% Jan
38
Jan
20% Jan
6
17% Jan
16
22% Jan
2
37% Jan
23
21% Jan
16
41% Feb
25% Jan
103% Jan
6
106% Feb
13
31% Jan
16
35% Jan
9
100
100
1
183% Jan
6
Nehi
Tea
Co_
10
40
100
10
14
Jan
20
47
.
1% Jan
16
14
Jan 13
Jan 17
Jan .29
24
Feb
Jan
13
15% Jan
20
No par
11% Jan
3
20% Jan
1
16% Jan
serial preferred—100
Newberry Co (J J)
3%% preferred
common-No par
100
*
2
15
105
Feb 13
31% Jan 17
102% Jan 18
.
24
Feb
6
15
Oct
3
30
13
2
Dec
23
Aug
Apr
34%
Jun
32% Aug
19% Nov
31% Nov
67%
Jan
16% Oct
102% Oct
33%
Jun
108%
Jan
40%
Apr
27
Sep
178
Dec
207
Jan 28
Feb 10
X149
Oct
173
Jan 31
6
1% Jan
2
91% Feb
8
28 % Jan 10
15% Feb 11
18% Feb 13
94% Jan 18
29% Jan 24
17% Feb 10
i2%
24%
18%
106%
38
104%
Sep
15% Nov
38%
45%
Jan 30
53JA Jan
2
79% Jan
27
12%
16%
92%
1
-
Corp
conv
4
No par
189%
167.
7%
28
160% Jan
2
6% Jan' 16
No par
Co
Neisner Bros Inc
4%%
13
23% Jan
25
$2 conv preferred
4%% preferred-:
93
18%
21%
Nov
distribution
ex
Corp
16%
23%
9% Nov
31
-No par
National Sugar Ref Co
National Supply (The) Pa
92%
18%
7
7
10
B
Cast Co
Steel
32%
13% Feb
1
No par
A
National Power & Lt
National
Oct
Apr
Apr
No par
Co
Co
preferred
preferred
22%
Apr
37% May
205%
26% Feb
5
.preferred
X28%
23%
13
Oct
Nov
10
Co
Stamping
Gypsum
Gonv
17%
18%
Jan
No par
29
23%
23
25%
180
11% Jan
2
34
Jan 13
13% Jan 24
No par
93
18%
11
28
National Distillers Products
17
23%
Feb
Jan
1
28%
18%
34
185
Container
93
23
13
17
41% May
34"% Jan
1
17%
18%
Jan
Jan
No par
28%
22%
27
—10
Cylinder Gas
Dairy Products
National
Dept Stores
$4.50
Feb
182
No par
Corp
National
Nat
Jan
10
common
Nat
National
Jan
23
30
5
Register
Lines Inc
National
52%
19% Feb
29% Feb
25
100
Co
Share
&
Can
Cash
6%
26%
28
Bond
Jan
Oct
2
13
Inc
Corp
Co
93%
107
*104
7%
%
28
28 %
15
18
3,300
9,000
41
189
189'%
1%
90 %
*27
18
16%
343/a
53
*51
15 Va
16 3/a
34 %
21%
106
35 %
165
27%
40
16%
34%
41
23%
106
7 Va
40%
16%
20%
"
28
39
x34 %
41
4
40
106
*163
19%
4
Nat
25%
4
Fibres
preferred
40%
Oct
13
Airlines
Automotive
Nat
Highest
$ per share
13
Jan
_100
Louis
Jan
$ per share
27% Jan
Co
x
14%
$ per share
1
29%
29%
15%
$ per share
Lowest
1
29%
4
Year 1946
Range Since January 1
Lowest
Highest
EXCHANGE
Feb
Feb
Feb
Jan
13
14
10
16
Feb 13
Feb 13
6% Nov
20%
Oct
41% Sep
1% Aug
75
Sep
25 %
July
Apr
10% Aug
41%
Feb
72% May
2% Sep
101% July
Dec
38
Apr
11% Nov
25
Jan
16% Dec
32
Jan
89
Nov
21%
106% Mar
42% May
Oct
14% Nov
10% Sep
18% Oct
32%
16% Dec
22
24% May
Feb
15
Jan
'
Sep
25% Nov
109"% Aug
43% May
103% Nov
110% May
104
Dec
j
Monday, February 17, 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
STOCK RECORD
NEW YORK
Range for Previous
STOCKS
HIGH SALE PRICES
Wednesday
Feb. 11
Feb. 12
LOW AND
"
Saturday
Feb. 8
Feb. 10
share
$ per
*107
$ per share
40
*106
31
109
*106
39
38
31 %
102%
32
101
21%
46%
21
21%
21%
36
36%
35%
35%
35
35
93%
94%
91
92
90
91%
20%
20
20%
19%
19%
25
25
25
21%
*46
20
*23%
20%
19%
20%
20
20%
46%
46
45%
46
45%
45%
800
45%
x46
21%
STOCK
20%
21%
203/4
21
20%
EXCHANGE
34%
34%
34%
34%
88
91
90
90
21%
20%
CLOSED
19%
*25%
28%
600
3,000
1,700
28%
*25
100
100
61
x60
60
*57
62
61
61
*57
*57
*57
*275
292
*270
292
275
275
*260
290
295
105%
*104%
105%
105
106
105
104%
13%
13%
42
42
104%
13%
13%
13%
800
1,020
43
43
234
235
233
235
120
120
120%
120%
120%
40
31%
32%
31%
31%
11,700
10%
10,800
115'/2
X232
120%
*118%
120%
32%
31%
32%
.10
10%
10%
*114
115%
22%
2,400
42
232
44
32
241% 243
*118%
13%
41
228
42%
42 %
250
13%
13%
13%
13%
10
105%
*43
236
22%
115%
10%
10%
10%
115%
*114%
115%
*114%
22%
*114
21%
22%
21%
21%
22%
21%
*119
10%
10%
10%
*114
32%
31%
1013/4
102
102
27,800
22
*101%
102%
101%
101%
*101%
102%
20%
21%
20%
21'/8
20%
20%
19%
203/4
193/4
20%
43
43
43
43
43%
*43%
43%
43%
120
43%
*123/4
133/4
600
•17%
17%
1,000
37%
200
*43
13%
13%
*17%
18%
18
37%
*37
*37
23%
23%
37%
373/4
110%
110%
111'/a
23%
23%
23%
23%
223/4
233/a
22%
20 3A
*203/4
21%
*20%
12%
27%
31%
300
243/e
5,100
190
12%
12%
2,000
118
162%
161%
1,660
32%
32
32%
160 %
26%
26 Va
3,900
161%
60
100
*27%
92
28 %
*91
•
*27 Va
28%
*27
28 Va
92
28 Va
27 Va
*
162 Va
*160
21%
27 'A
31%
31%
31%
32
160
*
9,900
106%
*117
118
*26 Va
23
24%
12%
*117
28%
*26%
90
106 %
253/8
12%
8,800
111
111
106
106
118
*117
118
27
161
12%
24%
24%
106 %
12%
159%
31%
31%
24 Ve
105%
107
12%
26
25%
20%
21
25%
24%
*116%
118
*159%
37%
373/4
110%
12%
*116%
18
*37%
*106
107
12%
18
37%
25%
25%
18%
110%
*20%
21
*20%
*106
18%
13%
*13%
13%
110%
111
*110%
13%
18%
xl3%
13%
*91
92
*91
108% Jan
7
Dec
113
40% Jan
2
30%
Oct
50
Apr
14
32% Feb
7
27
Sep
45
Jun
3
92
13
95%
Oct
109%
Jun
18% Jan
13
21% Feb
4
18%
Nov
34%
Apr
16
46% Feb
10
36%
Oct
69%
Jan
16
Jan
13
22% Feb
3
13%
Oct
35%
Jan
32
Jan
13
37
2
26
Sep
61% May
88
Jan
13
Jan
Feb
1
79
16% Jan
13
20% Feb
16%
Sep
Dec
22
Jan
13
25
Feb
11
21 y2
Oct
41% May
x60
Feb
11
62% Jan
3
53%
Oct
76
275
275
Jun
325
102
Dec
113% Mar
Feb
13
106
3
Feb
285
15
11% Jan
4
5
Feb
13
13% Feb
8
40% Jan
27
43
Jan
244
Jan
6
Feb
May
Feb
Feb
28%
Jan
Oct
53
Nov
288%
Apr
Dec
129
Aug
31%
7
22
119% Feb
37%
11% Nov
223% Jan
Jun
135
223
119
5
122% Jan
4
29% Jan
9% Jan
13
33% Jan
7
16
10% Feb
3
113% Jan
4
115% Jan
11
17% Jan
13
22% Feb
7
16%
Oct
2
102% Feb
6
96%
Dec
104%
Nov
Jan
39%
23% Oct
111
Apr
16% Feb
Dec
9%
117
May
36
Jan
Jan
99
Jan
17
Jan
16
21 % Jan
6
18% Nov
56%
50
No par
42% Jan
10
45% Jan
2
44
Oct
55%
11% Jan
27
13% Feb
11
9
Nov
19% May
2.50
16% Jan
13
xl8% Feb
6
Dec
25
35% Jan
2
Jan
9
100
109% Jan
13
111% Feb
3
Ohio Edison Co
4.40% preferred
79%
79%
79%
78%
793/4
78
79%
77
77%
2,800
Owens-Illinois
11%
12%
11%
12 Va
11%
12
11%
12
ll3/4
12
2,000
Pacific Amer Fisheries
18%
18%
*18
*17%
19
17%
17%
*17%
18
60
73
67
67
*65
68
Jan
112
Jun
16
24% Jan
2
19%
Feb
29% July
21 % Jan
2
21
Sep
22%
Jun
20% Jan
16
25% Feb
8
36
Jun
101% Jan
13
106% Feb
7
99%
Oct
Xll9%
Jan
13% Feb
4
10%
Nov
Feb
6
X113
Sep
27% Feb
10
25
Dec
51% May
39%
10% Jan
18
21% Jan
10
13
114% Jan
15
118
18% Nov
28% Jan
13
32% Feb
13
26
10
163% Jan
18
158
2
28% Feb
8
88
Jan
93
18
73% Jan
79% Feb
16
Feb
180% May
Jun
35
19%
Dec
86%
4
Jan
Feb
120
Sep
22% Jan
17%' Jan
Oct
159% Feb
No par
100
2.50
—No par
Glass Co„
12.50
79%
37% Nov
30% Sep
108%
Jan
May
29
2H/4 Jan
—
Oppenhelm Collins
Otis Elevator com
6%
preferred
Outboard Marine & Mfg
38
16%
20% Jan
No par
Oklahoma Gas & Elec 4%. pfd—20
Oliver Corp
No par
4%% convertible preferred—100
Omnibus Corp (The)
6
8% conv preferred A
100
Oil Co
Co
99
No par
10
pfd $3.60 series—
Airlines Inc
Northwestern TelegraphNorwalk Tire & RubberNorwich Pharmacal Co
Northwest
Outlet
Feb
102
103% Jan
& Light 3.90% pfd—100
N Y Shipbldg Corp part stk
1
Noblitt-Bparks Industries
9
Norfolk & Western Ry
100
Adjust 4% non-cum pfd
100
North American CO10
North American Aviation
—1
Northern Central Ry Co
50
Northern Pacific Ry
100
Northern States Power Co (Minn)
N Y Power
28%
*91
99% Jan
40% Jan
No par
No par
50
non-cum preferred
N Y & Harlem BR Co
$5
Ohio
106
100
No par
Central
N Y Cliic & St Louis Go
6% preferred series A
N Y City Omnibus Corp
New York Dock
28%
*91
92
108
No par
No par
100
Cum
140
102
6
13
York
New
Oct
Jan
37% Jan
York Air Brake
New
18%
17%
19%
Newport
37,300
*283
104%
4% %
7.600
*101
Highest
$ per share
share
26% Jan
Newmont
Newport Industries
70
101
101
xl9%
*23%
25
32
31%
32%
102%
21%
101
$ per
1
preferred
100
News Ship & Dry Dock—1
& Lt Co 4 % pfcLlOO
Mining Corp
10
Jersey Pr
New
1,600
4,300
Lowest
$ per share
$ per share
Par
Shares
38
Year 1946
Range Since January 1
Lowest
Highest
EXCHANGE
109
39
31%
*101
32%
32%
102 %
32%
*101
the Week
$ per share
$ per share
39%
39
39%
39%
share
109
*106
110
*107
110
40
$ per
$ per share
Feb. 14
Feb. 13
Sales for
STOCK
YORK
NEW
Friday
Thursday
Tuesday
Monday
Oct
111% May
Nov
100
69 %
8
Apr
P
19
*61%
34%
68
70
37
36
36%
*34
353/4
34%
34%
41%
4134
40%
41%
41
41 Va
40'/a
41
7,200
61%
61%
61 Va
61%
61%
613/4
61
61
900
35
3,700
34%
35
35
35
35
125%
126
126
126
126
34%
125%'
126
r2%
168
*166
168
34 %
35%
6,800
167
*166
165%
165%
5%
5%
5%
6%
6%
6%
6%
25%
25%
25%
25%
26%
26%
27
7%
7%
7%
7%
7%
73/8
12%
13%
13%
13%
12%
13 Ve
12%
133/a
16
*15%
16
15 %
44
43%
44%
44
44%
*107%
108%
106%
9
*107
*77%
30%
30
110
*108
*107%
200
15
15
46%
108 %
8
8%
*lt)8
r
8%
17,800
100
29
51
4
29 %
29%
50
4
29%
29 Ve
*49 Va
51%
4 Ve
3%
4%
3%
4%
40%
41%
40%
40%
40%
40%
30%
.30%
30%
31%
31%
32
28,100
293/4
51%
4
300
4,300
4
40
39%
39%
39%
2,700
32
x31 %
32%
32%
3,400
14%
14%
14
14%
13%
14%
13%
14 Va
13'/a
133/4
3,400
12%
13
13
14
13%
14
13%
14
13%
133/4
6,300
77
77
76%
76%
75%
76
75
75
74
74
47%
48%
47%
48%
47%
48%
47 %
48
45%
47
; 14%
i 9%
13%
14%
12%
13'/a
13
13%
*9%
9%
*9%
9%
13
.
s
*9%
ffi{ 21%
':;y*31% ,35
r- *115
U6%
22
*32
37
32
32
*115
116
*115
' 116
22
32
32
115
115
'
*
600
93/e.
9%
r
22%
22
13%
-13 Va
93/e
22 %
22
;.22%
9%
900
7,900
12,200
.
22
2,900
22%
•31%
37
200
...
21%
21%
21
21%
21
21%
21%
21%
26%
26 %
26%
26
26%
25%
26%
25%
253/4
47%
.47 %
47
47
47
46
46
.51
51
51
*51 %
51
*46
47
53%
53%
101%
101
600
*1.00%
101%
101 %
101 %
*101
102%
*20%
21%
20%
20%
*19
20%
*19
21%
*18%
203/4
100
30
29%
30 %
30%
30
303/4
30
31%
45,300
22%
200
29%
*22%
23
*22%
*105
111
84
*82
*3?
33
32
*105%
108
9%
111
*105
111
*80
84
84
84
*31%
32%
*
108
105 %
9%
9%
Feb. 8
HIGH
Feb. 10
Feb. 11
$ per share
108
9%
SALE
84%
84%
300
*31%
32%
100
•
1,660
93/4
*9%
Feb. 12
t per share
Feb. 13
$ per
$ per share
14%
14%
14%
14%
147/a
15
14%
14%
57%
58%
57
57
57
57
57%
58
2,200
43
25,400
42%
41%
57%
25%
42 %
57%
40%
57%
107%
110
107%
26%
26
57%
107
26 %
25%
42%
42
57%
57%
107
108
26
STOCK
25%
423%
573/4
107%
25%
29%
29%
29%
29%
29%
116
116%
*116%
118%
116%
116%
105%
105%
105%
105%
105%
105%
105%
14%
14%
14%
27%
27%
14%
27%
28%
97%
*96
14%
28%
28%.
*95%
97
.
*95%
97
40%
41%
39
40%
38
*106%
108%
*106
108%
*106
108%
"
100
*99
*29
57%
.
*17
29
88
*84%
88
CLOSED
*28%
*117
*95%
12%
25'/a
12%
25%
70%
36%
36%
106
36%
106
*120
12%
100
20
26%
12%
*98%
84%
12%
203
42
12%
*100
9%
12%?
125
*106
36%
107
12%
*98%
108%
99
30
55%
*17
*36
*107
14,400
85%
56
'
30
300
30
3,800
36%
108
1,000
10
123/4
100
12%
*96'/a
12%
26
263/4
26
26 %
5,200
*199
12%
*100
120
*201
40%
9
12%
*100
203
*201
203
"20
40%
3,800
9%
9%
9%
18,600
12%
11%
12 %
4,300
413/4
120
40
*100
120
69%
68%
68%
68
68%
*68%
69
71%
72%
X70%
71
70%
70%
*69%
70%
370
17%
17%
17
17
*16%
17
900
*197
For footnotes
see
*197
page 955.
—No par
50
10
-5
100
5 %
preferred
100
33 %c
-100
100
100
-
prior preferred
-
-
No par
Milk Co
2nd preferred
Petroleum
100
5
=
America
of
Corp
8
7
7%
13 %
16%
46 Vb
Jan 14
11% Jan 16
14% Feb 5
40% Jan 13
Jan 11
26% Jan
45
Jan
3% Jan
39% Feb
29
Feb
12% Jan
11% Jan
74
44
12%
8%
32%
53%
4'A
43
x32%
14%
14
13
17
13
14
5
15
2
Jan
Feb 11
Jan 3
34%
Apr
Oct
12%
Dec
27
Jan
13
Oct
20%
Apr
37%
Jan
16%
*197
16%
*197
No par
1
Pfelffer Brewing Co
& Co Inc
(Chas)
25
preferred-—50
—No par
Phelps-Dodge Corp
Philadelphia Co 6%
$6 preferred
Phila
$1
Electric
Co
preference
4.4%.
No par
No par
com
com
100
-100
preferred
preferred
3;8 !o
&
Read Coal &
Iron—
Corp
pfd
series
A
Philip Morris & Co. Ltd
4% preferred
preferred
Phillips Jones Corp
5% cum preferred
Phillips Petroleum
3.60%'
series
Pitts
Coke
conv
Pitts
&
190
-1
3
100
5
100
100
No par
100
JVo par
5
Hosiery
Pillsbury Mills
$4 preferred
25
Inc
No par
Chemical
$ per
Oct
39% July
52
NOV
82
Oct
35% Aug
12
Oct
22%
Jun
11 %
Dec
24%
Jan
8
64%
Sep
81
Dec
11
40%
Nov
57%
Jun
4
12%
Dec
45%
Jan
16%
Feb
30%
Jan
7
6%
Oct
7
17 %
Sep
28%
3
Jan
Sep
47%
Nov
51%
Jan
68
May
86%
NOV
115
Apr
14
-43
Oct
51%
40%
Jan
36%
Jan
16
16
Oct
10
100
Oct
75
Oct
109%
28%
Sep
4
Jan
105% Sep
6
8%
2
Co—No par
43% Feb
58% Jan
-
25 Vb Feb
13
26% Jan
3
116
29% Jan
No par
B
100
A
100
5%% 1st ser conv pr pfd
100
Pittsburgh & West Va
100
Pitts Young & Ash pfd
100
21
Feb
3
Feb
116
Jan
Dec
34
July
Dec
122
May
19 Va
Feb
Jan
Sep
18
33%
Sep
71
Jan
4
104 %
Dec
112
Jun
99% Feb
13
96%
Dec
106% Aug
Feb
7
20%
Oct
36
Jan
84
Dec
89
Nov
49
Feb
73%
Jan
16 Va
Dec
41
Jan
29% Sep
36
Dec
102%
Sep
110
Feb
123
Oct
136
Jan 24
•
31
Jan
17
85% Feb
52% Jan
13
58% Jan
7
7
Jan
7
Feb
1
16
2
2
6
2
16
14
18
37
107
Feb
8
Jan 31
13% Jan
18
7%
Jan
28
89%
Dec
30
17%
NOV
10
xl6%
Dec
Mar
203
Jan
30
Feb
July
May
2
200
Nov
210
30
Sep
1
9% Feb
14
Jan
16,
67
Jan
14
Jan
13
2
Jan 23
26% May
202
42% Feb
61
Sep
197
26% Feb
Jan
13
13
9% Jan 16
May
15% Feb
106
Feb
20% Jan
99
7% Jan
200
27%
Jan
30% May
47
7
Jan
76%
117%
102
3
39
Dec
Dec
24% Sep
Dec
Jan
200
51 %
107
Dec
Jan.29
Jan
May
Oct
98
Jan
May
H%
22
18% Jan
80
x48
89
105% Jan
10% Jan
Feb
16%
Jan
.20 Ve
98
Jan
Highest
$ per share
Apr
1
43% Jan
34
Previous
29% Sep
7
2
103% Jan
Apr
13
28% Feb
3
16
14%
106% Feb
.
36% Jan
__
Jun
Mar
109
35%
8
93% Jan
81
share
15% Feb
16
1
100
100
Pittsburgh Steel Co
7% preferred class
5% preferred class
2
117 %
13
Jan
6
105%
4
12% Jan
21
2
Feb
27-% Jan
Jan 22
105% Feb
20
10
No par
$ per
2
13
97
Pittsburgh Forgings Co
Wayne & Chic Ry
7% preferred
Lowest
6
No par
Consolidation Coal Co
1
Pitts Screw & Bolt
Dec
Jun
43 % Mar
Year 1946
1
Jan
109
Jan
132
:o
15
14
Feb
Dec
21% Sep
14
62% Jan
16
Jan
27%
Sep
25
$ per share
17
115% July
20%
16
Jan
37% Aug
37%
6
van 21
Feb
.
Feb,^
110
16
Jan
Jan
26
53% Jan
55
Apr
7%
48 % May
14% Jan
36% Jan
Apr
May
27%
Highest
106
Jan
90 Va
110
Oct
Jan
107
Feb
9% Jan
share
Apr
Apr
14%
35%
31'A Feb
23 % Jan
108 Jan
87
Jan
100
preferred
Pitts Plate Glass Co
56 %
Range for
Par
Feb
111
Dec
Sep
56
105%
101% Feb 13
3
Lowest
EXCHANGE
Pfizer
181% July
Dec
4%
3
34
Feb
Nov
100
6
22
11 Va
11%
Jen
55
Oct
5%
26% Feb
51% Jan
22
Dec
Dec
18%
Jan 29
117
115
Feb 6
19% Jan 27
25
Jan 13
46
Feb 14
51
Feb 4
92% Jan 27
17
Jan 2
24% Jan 16
21% Jan 14
108
Jan 10
84
Feb 8
32
Jan 13
105
Feb 5
8% Jan 14
Jun
2%
Sep
9% Feb
22 % Jan
33
Feb
29 V2 Jan 18
160%
Dec
3%
15 % Jan
18% Jan 16
Apr
Oct
5
Feb 10
48% Feb
Jun
48
Oct
164
Feb 11
84
Jun
67%
2
Jan 2
Jan 4
Jan 6
Jan 9
Feb 13
Feb 14
47%
122%
Feb 13
Feb 8
Jan 24
Feb 13
Jan 23
48
Oct
28%
106% Jan 17
9% Feb 7
78% Feb 14
104% Jan 25
5% Jan 13
Dec
54% Sep
2% Jan
168
Feb 8
7
Feb 13
27% Feb 14
6
Mar
24
2
2
Jan
25% July
86 % Mar
36%
Jan 18
Jan 11
Feb 13
Range Since January
STOCK
YORK
NEW
Pitts Ft
*199
*69%
.
-100
.
Pepsi-Cola Co
Pere Marquette Ry Co
$5
3,900
100
26%
12%
preferred
Light-Co
Power .&
Pennsylvania TtR
Pennsylvania Salt Mfg Co—
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co..
Pitts C C & St Louis RR
*120
25%
9%
Corp
Penn-Dixie Cement Co—a
—7
Penn Glass Sand Corp-,*—No par
Phoenix
19
2,400
41
j.
Coal & Coke Corp
Phila
19%
202
No par
No par
1
10
Penick & Ford
Philco
19%
8%
Co
&
Penney (J C)
Co
Penn-Central Airlines
Pet
43%
62 %
35%
129%
Jan 16
164
Jan 5
5
Jan 17
21% Jan 10
70
Feb
Feb
73
37
3
Feb 14
Jan 27
Jan 16
Jan 16
--
No par
Parker Rust Proof Co
2.50
Parmelee
Transportation—No par
Patino Mines & Enterprises
9
Penn
Jan
preferred
Davis
Parke
7,100
19%
39%
100
Paramount Pictures Inc
1
Park & Tilford Inc
1
Park Utah Consolidated Mines—1
3%%
38
27 %
-*84
I
19%
202
1
No par
Inc
Cos
conv
3,900
f
97
99
*
50
1,200
19%
*199
8%
36
*106
*120
100
37%
1,500
;
19%
1
4 *197
84%
19
40%
71%
17%
30
57
107
*95
99%
56
*200
70%
71%
*17%
108%
99%
*18
25'/a
13
125
*106%
19%
19%
9%
*100
97
57%
12%
'
12%
27%
56%
*199
9
14%
*17%
*98 *
20
*201% 204
42%
28%
105%
14 '/a
27 %
7;500
117 %
105 %
19
x36%
*199
28 %
117%
38%
*27
290
25%
29 %
58
*106%
100
25%
100
880
57%.
105%
57
*120
*97%
20
*99%
900
108
117%
*17
37
*120
,
*27
107
•105%
....
29
*84%
19
37
100
29
88%
57%
*99
31%
*85%
,
EXCHANGE
38%
:
;
57%
27%
-14 %- •14%
:
42%
*107
14%
27 %
29 %
v
Paraffine
Shares
14%
42
—100
-
—
Panhandle Prod & Ref
the Week
Feb. 14
share
58%
57%
preferred
24
40%
60
28%
122
2
•
STOCKS
58%
*107
No par
Panhandle East Pipe Line
Sales for
Friday
Thursday
14%
*
1
10
No par
Pan American Airways Corp—2%
Pan-Amer Petrol & Transp
9
Car
Packard Motor
PRICES
Wednesday
100
preferred
Pacific Tin Consol'd Corp
Pacific Western Oil Corp
6%
4%%
108
f 105
9%
100
Teleg
5%
111
♦105
32%,
*105
9%
Tuesday
$ per share
*31%
108
LOW AND
-Monday
$ per share
*22
22%
HI
32
9%
Saturday
22%
*105
85%
>105%
9%
22 %
*22'/a
23
5105
84
22%
101
&
Rights
5%
2,200
53%
*52
101 Va
53
Telep
Pacific
Penn
300
Corp
Pacific Mills
10
21%
26%
*46
Pacific Lighting
90,900
31,200
116
*115
.21%
Electric
&
Gas
Jan
Dec
NOV
12%
49
19%
Oct
10%
12% Jan 13
19
Feb 1
11% Jan 8
13% Jan 18
5fi
Jan 16
9
10
No par
No par
29
No par
No-par
Inc
Co-
preferred non-cum_
preferred non-cum
4%
110
*49%
30%
1st
2nd
Pacific
4%
78%
78%
*107 Va
110
6,900
108%
i
79%
*107%
110
28,700
453/,
*78
8%
80
52
29%
*51
54
4
8%
*77
80
*107
110
*52
8%
8%
80
*77%
13%
13
111,900
16
45%
108 %
*107%
3,400
46 Ve
*15
15'A
43%
12,800
7%
7 3/8
7%
*15%
6%
27 Va
6 3/4
27
7%
170
166
*165
7
25%
*105%
8%
330
125%
125 Va
126
150
2%
r2%
2%
168
"
100
73
37
62
41%
*70
37%
41%
72%
*36
Coast
Pacific
13
Feb
8
7% Dec
9%
Oct
103
71% Feb
7
73
Jan 27
17% Feb
7
200
Jan 23
Oct
59
Nov
68%
Dec
12%
Oct
200
Nov
48%
Jan
14
Jan
22%
141
96%
92
34%
200
Feb
Feb
Jun
May
Jan
Nov
Volume 165
Number
4569
...
THE COMMERCIAL & FINANCIAL CHRONICLE
953
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
Monday
Feb. 11
Feb. 8
9 per share
9per share
STOCKS
Thursday
Wednesday
Tuesday
Feb. 10
Saturday
tper share
$ per share
23%
23'%
23%
14
13%
13%
*13%
22%
22 3 4
22%
22%
23%
24
*23'A
1S'%
18%
*18
23%
1&%
24 3a
23%
14%
*13%
22 %
22%
25
Sales fer
Feb. 14
9 per share
24%
24%
*■13%
Friday
Feb. 13
Feb. 12
f per share
18%
18%
15%
15%
Pa'
t per share
1
18% Jan 13
5
3,500
13'A Jan 13
1,000
Pond
l
3,700
Poor & Co class B
13%
200
22%
23%
23
23%
23'A
101
23%
23
23
18,.
15%
STOCK
42%
63'/a
EXCHANGE
31
18
17%
1,500
24%
108%
X107
119
418%
118'A
118%
xll8'A
16
15%
44
*41%
101%
102%
101 »A
101 %
700
36'A
37%
35%
36%
3,200
3,800
24%
24%
24%
23%
24%
108%
108'A
107%
107 %
630
119
107'A
118 'A
119'A
118%
118%
430
126
127
126
127
460
126 %
127
x!25%
126%
139
138
138%
X136
138
137
137
114%
114%
60%
-113%
115%
*113%
113%
60%
59%
115%
60%
113%
60'A
-
23%
23%
23'A
*103%
109
108%
108%
♦108%
*35%
36
35%
35%
24%
5,200
31'A
139
23%,
15,100
42%
63%
30%
125%
60
15%
■
31%
125%
-
63
63'A
17%
30%
37%
23%
24 »A
108 »A
25
63%
101
36%
107%
24%
107%
*42
CLOSED
31%
101
37%
36 %
36%
15%
62%
101
100%
101
36
15'A
*41%
31%
31'A
32 %
32%
15%
63 %
62%
63%
63
43 %
15%
*42
44
*43
"■<
60
23%
23'A
109
x35
*108%
35'A
34%
137
*113%
59'A
61
23%
23%
109
*108%
34%
35'A
137
114%
■60%.
23%
109
3'%
Range Since January 1
Lowest
Highest
Co
(The)
Plough Inc
Plymouth Oil Co
23
13%
'
*24
Range
STOCK
EXCHANGE
Shares
23
14
23%
NEW YORK
the Week
6,900 *
280
130"
9,000"
7.300
100'
2,400
Pittston
_
Creek
Pressed
Steel
Car Co
Inc
Publlcker
$4.75
Industries
14
19
Feb
10
29% Aug
25 > Oct
K18% Feb
3
12% Jan 13
38% Jan' 13
61% Jan 28
5
26
97
No par
16
Feb
3
11
Jan
13
Jan
-
11
33% Jan 28
32% Jan
;
21% Jan 16
107
Jan-
2
Feb
•
-
2
127
127
Jan
2
139% Feb
4
113% Feb
1
114% Feb
8
51% Jan 13
61% Feb
24% Jan
3
ioo
No par
No par
Pub Ser El & Gas pfd $5.
Pullman Inc.—.
No par
100
—
5% conv preferred
Purity Bakeries Corp
118% Jan
:
21% Jan 13
108
Feb
4
•
Feb
3
109'A Jan
17
36% Feb
4
10
22% Jan
23% Jan
27
No por
No par
8% Jan
13
75'A Jan
16
80% Feb
4
1
12 % Jan
13
15% Jan
2
3
63%
Feb
53;
Oct
71%
Apr
Nov
30 m Feb
.
"
Sep
17% Oct
103 ,: Sep
67
May
105% May
-41
■
x
115% Jan.;
•
Sep
114% Aug
119% Jun
112
July
30%Jun//'(
■.
108-;
10
31% Jan 16
No per
Vi j-V \
27% Feb 'T/i'.xf
98% Dec
AV
2
Jun
July
14% Oct
11% NOV
38
.Deo
■31.
109'A Jan 15
119% Jan 31
100
.
*
2
112% Jan
31%
Oct
32
,
102% Feb 13
38% Jan
2
25
Oct
20% Sep
;
13
42% Feb
65% Jan
.
100
;
(The)
14
*
No par
7% preferred
8% preferred.
Pure Oil
22
23% Feb
24:
Inc:
$5 preferred'6% preferred
$ per share
12% Nov
preferred..
cum
Public Service Co of Colorado...20
Pub Serv Corp of N J com—No
por
$ per share
13
.15% Jan
—50
No par
1
21% Jan 13
■
No par
1
4%% preferred ser A
Procter A Gamble L...
9 per share
24% Feb
5
14'A Jan 28
21% Jan 13
5
Pocahontas
tor rreviuus
Tear 1M6
Lowest
Highest
126
Jan
1
159
<
|
/ .'Jan4--"
■'
Nov
47% Sep
19% Peb
107
Oct
30
69%
-
>-
Jan
2l%M$y
115%
' Sep
•
r
38%
23
23%
-23
23%
23
23
*23
23%
23
23
200
Quaker State
Oil
Ref
Corp
2
19%
Feb
Feb
25% Aug
R
103A
10%
10%
10%
10%
10%
79 34
79%
79
79%
79
79
10
10%
10
79%
79%
78%
79
15'A
15%
15%
15%
17,000
100
Ralston
Raybestos Manhattan
Rayonier Inc
$2 preferred
Reading Company
10'A
39,000
1,600
15 %
15%
15%
15%
*104%
104%
*104%
104%
1043/4
104%
104%
40%
40%
41
39%
39%
39%
40'A
39%
39'A
800
25%
24
24%
24%
24%
24
24%
23%
24'A
10,000
38
38
38
38%
38%
1,800
21%
213
21
21
*40
23%
37 '4
37%
21 "4
38
37%
42
42
*41
42
37
37
*36
39
*17%
*106
17%
17%
105%
*
106%
*28
17%
17%
83
31%
*41
42
*41%
42
100
4%
non-cum
1st
37
*36
39
*37
39
200
4%
non-cum
2nd
18 'A
112
*106
15%
17%
♦106
16%
17%
110%
15%
17%
*106
16'A
106 %
15%
17 %
15%
25
50
preferred
15
Jan
24
105
Jan
8
12% Jan 13
100
87
Jan
2
No par
25
Jan
16
Reliable
Stores
Manufacturing Co__No
83
39
31
83
40
39
*84
39%
101'A
*101%
30%
30%
30'A
83
40%
101 %
104
30%
30
85
39 3A
103
1st pfd
Corp
3%%
series
Preferred
15 %
15%
15 %
15 'A
*14%
30%
29%
30%
29
Corp
prior pfd
conv
A
ser
100
16%
16%
16%
16%
16%
16%
16%
16
16
1,600
43%
43 %
43%
42%
43%
43
43%
42%
43'A
8,100
48%
48 %
104
48%
104
104
25'A
25%
16
*30
16'A
16%
8%
30%
*30
30%
8%
24%
48
104%
103%
25 Vs
3,66o
118
120
140
*116
48'A
48
48'A
103
103 %
1,000
25'A
2,800
15%
2,900
15%
16'A
15%
31
*30
24%
16%
16'A
25%
30
30
*29
8%
8%
8%
8%
8%
23 %
24
23%
24
23%
23%
23%
23%
*23%
56%
55%
56
*54%
55
54%
55%
24%
25%
25%
*25
25%
24%
25
30
8%
*25
56
*24%
8%
190
100
3
107% Oct
3
x32% Jan
13
39
Jan
2
116
Jan
13
124
Jan
28
Sep
Sep
24% Sep
105 % Sep
12% Jan
16
16% Feb
7
12% Nov
Jan
2
44 % Feb
4
36'%
3,400
series
100
Mfg Co
1
Richfield Oil Corp
No par
Ritter Company
No par
Roan Antelope Copper Mines
Royal Typewriter
1
24
1,600
800
Ruberoid
25%
500
Ruppert,
Co
40% Feb
10
Rheem
56
Oct
Feb
41
x47% Jan 22
101
Jan 20
21% Jan 13
13% Jen. 16
50
Feb
3
43:
Feb
6
100
25% Feb
3
19
10
118
18
110%
•
1
Nov
Dec
12%
Jan
Jan
*
28% Feb
Sep
46% Jun
50% July
108% Feb
38
Oct
25
Jan
45%
136
Feb
,
Apr
31% May
97
104
16% Feb
Feb
24%
Feb
10
Apr
17%
21% Feb
24% Feb
10
3.60%
112
34% July
24%
Oct
109
100
Comihon
Preferred
110% Jan
3
20% Jan 13
104
8
50% Jun
105% Apr
Dec
3
No par
.
5%%
103%
25
56 %
*
8%
48'A
*103
25%
16
*48
118
37
Apr
27% May
101
May
13%
Jan
Reynold^ (R J) Tob class B
121
36'A
37%
30% Feb
Jan
45%
7% Nov
7
Oct
125%
Dec
1
16%
*118%
37
102
74
Feb
16%
32% Mar
No par
100
43%
120%
37%
112%
14% Nov
4
16
6%
8
3
25'A Jan
Revere
83
8% Feb
13
9,100
17% Feb
15% Feb
6% Jan" 13
12% Jan
23%
13'
7
10
109
29% Feb
9% Jan
No par
23%
7
13
$1 conv preferred
*107%
Apr
Sep
12% Dec
76% Sep
26% Dec
Oct
Republic Steel Corp
24%
31
15
99
Oct
600
109
Nov
1
8
20
40,000
23%
Jan
7
29%
*107%
Feb
Jun
31% Feb
14%
24%
33%
53%
46%
11
Feb
Apr
Oct
13
29 »A
114
39
Sep
Jan
107
Feb
May
40
100
14%
*111
18% Feb
Feb
49%
33
36%
16'A Feb
105
Apr
112%
Dec
2
30%
114
8
Jan
96% Mar
28%
17% Sep
32% Nov
16% Sep
Jan
15
*111
18
32
4
29'A
109
37'A
120%
7% Jan
10
Jan
19
Dec
8
14%
114
24
37%
101 % Feb
Feb
44% Jan
38
Nov
15% Oct
100% Dec
Feb
30%
*107%
37%
9
21%
7
9
76%
40% Feb
15
*111
109
101% Jan
50c
Coper & Brass
preferred
Reynolds Metals Co
5%% conv preferred
Reynolds Spring
*107%
16
1
Inc
2
Jan
1
Aviation
29%
3
Jan
33
25
warrants
Pictures
Motors,
15% Jan
76
1
with
Republic
8%
8
Reo
par
100
Remington-Rand
Republic
8%
7%
4
pfd
Co
8,100
8%
8'A
24 3
Conv
&
16,600
8%
24
(Robt)
1,700
7%
114
200
Reis
30'A
7%
*111
60
4,200
3
21
5
Reliance
*82%
13
Feb
100
Inc
1,100
*101%
42
50c
Bros
1,700
83
19% Jan
36% Jan
Real Silk Hosiery
Preferred
16%
150
21
Reeves
29%
9%
25%
50
preferred___50
16%
7%
*103
14
29%
8%
*48
38% Feb
17
8
121
3
29%
8%
120%
35% Jan
16%
7%
38%
2
17
8%
37%
10
25'A Jan
17
8%
110
104% Jan
41
Feb
29%
8%
*108
3
13
29
105
Jan
Jan
28%
105
103
7
34'A Jan
105%
104
30 %
24%
20,000
100
10% Feb
No par
1
107
8 %
24
700
110%
pfd
106%
40%
39%
114
3%%
42
8%
*111%
Co
17
*101
31%
Purina
28'A
*82 'A
40%
104
2,700
1st preferred
conv
106%
105 %
16%
83
39%
*101
4
$3.50
Radio-Keith-Orpheum
37
15 34
28
28%
21%
*17%
112
15'A
15%
21
*104
Corp of Amer
*41
18
*106
111
15%
15%
104%
37%
21%
21%
21%
15'A
104
Radio
Oct
Jun
13
24% Feb
3
17
Oct
30%
52% Jan
16
60
Jan
6
40%
Sep
65
;
May
9
Jacob
Oct
21 % Jan
No par
(The)
20% May
,Apr
13% Feb
23% Jan
29
25'A Feb
8
21%
Oct
34%
Jan
Jan
26
7% Jan
14
3
31
Feb
3
8% Feb
7
6%
44
Jun
S
LOW AND HIGH BALE FEICES
Monday
Tuesday
Feb. 10
Feb. 11
t per share
9 per share
9 per share
I per share
52%
53%
STOCKS
Feb. 12
Saturday
Feb. 8
52%
10%
10%
53 '/2
10
53%
Tbarsday
Wednesday
9 per share
54
53%
9%
Sates for
Friday
Feb. 13
Feb. 14
tper share
54
52
52 3A
1,500
10%
10
10%
31%
32%
31%
32 v4
31%
3 2'A
31%
32%
31
31%
9,800
23%
23'A
23%
23
23 %
23'A
23%
23
23%
15,900
112%
112%
112'A
113%
*112%
113%
113%
70
11'A
11%
*112%
114%
9%
-112%
10'A
11 %
11%
10%
11%
11%
48%
48%
46%
48 %
47
48%
STOCK
46%
49%
46
45%
45%
45%
45%
EXCHANGE
45
46
99%
99 %
99 %
99 %
CLOSED
99
99%
99
99
99%
99%
99%
99%
*44%
99%
99%
*99
17%
17%
100
*95
*99
•
99%
17
17 %
*95
100
599
x98 %
17
*95
11%
99
17%
,
17%
100
*95
100
17,300
11
11%
2,700
47%
48%
20,200
*45%
46%
500
17%
17%
*95
17'A
170
120
2,100
100
22%
23
23
23%
22%
24%
23%
24%
23%
24%
23,200
50%
51%
51%
52
51
53%
53%
54%
54
54%
3,400
27%
27
27
26
26
26%
26%
25%
26%
1,600
*9%
10
*9%
9%
9%
*9%
97/e
300
38''4
39
x38%
*27
9%
9%
9%
STOCK
Par
St Joseph Lead
Range for Previous
Year194G
Range Since January 1
Lowest
Highest
EXCHANGE
Shares
23%
10%
NEW YORK
the Week
10
9 per share
Lowest
9 per share1
2
55% Jan
16
12% Jan
2
11%
Dec
May
12% Dec
2
30%
Dec
33
21'A Jan
16
32'A Jan
23% Feb
10
22
Nov
Jan
9
Feb
4
5
9% Jan
14
11% Feb
8
18
Jan
Corp
1.75
Co
No par
$3.40 cum pfd
No par
Scovill Mfg Co. 3.65% cum pfd.100
Scranton Elec Co (The)
5
3.35% cum pfd
100
40% Jan
11
55% Jan
2
53
Nov
100
22
49'A Jan
7
42
Oct
61
Aug
July
98% Jan 25
100% Jan
4
100
99% Feb
13
Safeway Stores
5%
5
preferred
Savage
Arms
Schenley
Scott
100
Corp
Distillers
Paper
Seaboard Air Line vtc
No par
44% Jan
96'A Jan
17
3
Feb
5
114
of
Seagrave Corp
13
24% Feb
13
17%
54% Feb
14
42
Sep
Sep
37%
16
77%
Feb
15
27
Feb
7
23
Oct
39%
Apr
73A Jan
13
10% Feb
6
Nov
17% Feb
49% Apr
23% May
37%
38%
37%
35,200
Sears
15%
15%
14%
16
15
15'A
2,800
Seeger
11% Jan
2
16% Feb
16%
15%
16
15%
15%
4,500
Refrigerator Co
Seiberling Rubber Co
5
15
1
13'A Jan
16
16'A Feb
11
16%
16 %
16
16%
15%
16%
15%
16%
15%
15%
5,700
Servel
1
14
Jan
2
16% Feb
3
108%
10
Nonpar
108
Jan
16
*107
109
*107
Roebuck &
$4.50
Co
No par
common
preferred
23%
23%
23%
23%
23%
23%
23%
233A
23%
23'%
5,000
Shamrock
34%
35
3434
35%
34 'A
34%
34
34%
33%
34%
3,500
Sharon
Steel
28%
28%
28%
28%
28%
29'A
28%
2S'A
28%
28%
4,300
Sharpe
&
81%
81%
81%
100
$3.50
*81
20%
20%
20%
20'A
21%
21%
22
22
29%
29%
29'. '4
8%
8%
834
6%
6%
6%
41
403a
4034
49
*46'A
*80
82
*80
82
*80
82
40%
20%
20%
20%
*20%
20 3A
700
21%
21%
213/a
21%
21%
1,800
29 3 4
29%
29%
29
29%
28%
28%
6,900
Shell
8%
*8%
834
8%
8%
8'A
834
7,400
Sheraton
6=4
6%
6%
6%
63/4
6%
6%
8,500
Silver
40
40
40%
19%
39%
40'A
47
49
700
16%
16
16%
16
16'A
15%
16
14,500
70
*69
40'A
47
16
70
70
69%
69%
70
70
69%
69%
*23
23%
58
58
19%
23%
57
38 3
383a
*23
57'A
57%
38'A
38
*46
19%
19 %
19%
*23
47
47
*46
Shattuck
23
*23
23'A
50
58
*56%
57%
1,200
Smith
373/4
373/4
37
1,400
Smith
4
38%
99%
99%
993/4
99%
33'A
33 %
333i
3334
33
33
15
15%
15
15%
Xl4%
14%
143/4
15
100
*99%
38%
37
99
*33
20
99
5,200
80
33%
600
35,900
America
Steel
&
Sloss-Sheffield
$1.20
O)
(A)
3%%
&
Iron
14%
143/4
5
4%
5
43/4
4%
4%
4%
7,900
South
7%
8
7%
7%
7%
7%
3,100
South Carolina E & G Co
*52
53
8ocony
Vacuum
Gold
Am
5234
52%
52%
523A
523/4
*52%
22%
22%
221/2
22%
x22 %
22%
213%
22%
21%
213A
3,100
2
10
23%
Oct
33% Jan
6
23
Jan
39% May
79% Jan
16
81% Feb
10
77
Jan
91% May
19
Jan
13
20% Jan
17% Sep
26% Apr
18
Feb
5
27%
543/a
54
54'A
54
53%
54
52%
53 %
2,200
South
33
33
165
*160
33
27%
27%
164%
33 %
27 "4
27%
32%
*160
164 %
33
*33
164
33%
162
162
30
33
33
1,100
8%
Co
Tnc
Platinum
California
27%
27%
27
27%
26%
27
1,900
Southern
47'A
45'A
46%
44%
46
45
46%
44%
45'A
22,800
Southern
Pacific
49%
48%
49'A
x46%
48 %
46%
48%
46%
47'/4
6,000
Southern
Edison
Railway
77
77
82
*20%
21
7%
13%
7%
13%
*91
97
*52%
53%
For
footnotes
77
20 7
78
*78
82
75'A
*78
75%
83
20%
13%
*91
20%
20%
20%
20 3A
7%
a
7%
7'A
7%
7%
7%
13%
13%
14
97
*89%
97
53%
53%
see
*75%
82
76 %
*78
*52%
53%
page
955.
■
75
75
*78
83
20%
7
500
1,400
7%
6,400
13%
*13
13%
*89%
97
*89%
97
53%
54
52'A
*13'A
52%
5%
800
1,500
Natural Gas Co
non-cum
Mobile
20%
&
Ohio
Feb
22
Feb
10
28% Feb
14
Feb
43%
7% Jan
16
9% Jan
9
8
Dec
5% Jan
16
6% Feb
8
5%
Oct
17% July
14% Feb
34
Jan 16
46
Jan 30
xl5% Jan 13
7
33
Nov
56%
49% Jan
6
38%
Jan
61
16% Jan
8
15
Oct
20%
Jan
20% Feb
13
54
Jan
85%
Jun
7
72% Jan
23% Jan 29
14
21
Sep
Sep
24% Apr
42
Oct
91
35%
Nov
20
67% Jan
16
Jan
22% Jan
48
16
2
6
Jan
14
35% Jan
16
30% Jan
41
Jan
6
58
Feb
7
39
Jun
Jun
May
27%
Feb
55% May
Jan
23
99
Feb
4
101% Jan
7
99
Dec
108
32
Jan
24
35% Jan
6
29%
Sep
48
14% Jan
13% Oct
July I
May
18%
15'A Jan
7
3
5'A Feb
8
4%
Sep
8% May
14
8% Jan
9
7%
Dec
9
Nov
51% Jan
24
52% Feb
13
52'A
Dec
53
Nov
20% Jan
14
22% Jan
7
20%
Dec
22%
Dec
Jan
18
48%
Sep
59%
Feb
170% Jan
9
167
Dec
34% Jan
7
30
Sep
22%
Jan
1
stk
25
4'A
52'A Jan. 13
162
Feb 14
32
Jan
30
56
193
May
39% July
33% May
tr
ctfs
Spalding (A G) & Bros Inc
Sparks Withington
Spear & Co
$5.50
preferred
Spencer Kellogg & Sons
8
28% Feb
4
39% Jan
16
47'A Feb
8
38%
Oct
70
Jun
No par
preferred
I
Jun
16
Jan
7% Feb
15
No par
Co
j
Jan
7.50
Greyhound Lines
5
Sugar
No par
preferred
100
46%
*78
40%
1
Porto Rico
49 3
a
6
'
50
OH
&
preferred
Southern
21% Jan
5
Southeastern
54%
165
32% Apr
Jan
35'A Feb
Carpet Co—20
preferred
100
Typewriter.No par
8
158
Oct
25
16
Corona
5
5%
17%
113% May
13
10
7%
200
Dec
16
No par
Corp
8
53
22% July
24% Jan
12% Oct
Jan
& Sons
cum
&
Smith
Steel
preferred
(A
5'A
54
13% Nov
105
Jan
No par
8
*52
7
28
No par
15
Corp
4%
'
10% Nov
29
No par
Co
Skelly Oil Co
20%
Jan
35% Nov
8
15
of
Corp
Saw
58
110
■
Co
King Coalition Mines
Oil
23
2
Jan
No par
A
Oil
Union
Simmons
20%
39
No par
ser
Pen
A)
Sinclair
20
20
1
16
No par
No par
G)
(Frank
(W
Simonds
58
33%
100
700
Gas
Corp
New
23%
33%
*99%
4,000
&
35'A Jan
6%
Jan
1
20 %
x21 %
16%
16%
Oil
Dohme
conv pref
Sheaffer
*47
Jun
43% Jan
16'A
109
102% Nov
16% Jan
38%
*107%
110%
Dec
24% Jan
15%
109
Dec
95%
100
Del
15%
109
9% Nov
Mar
18% Jan 20
15 'A
109
Dec
34% May
116
Sep
5
Oil Co
Inc
110%
No par
preferred series A
5%
Seaboard
112
16%
>107%
64
16
15%
38
9 per share
Sep
24% Jan
St L-San F Ry Co com vtc—No par
Pfd series A 5 %
100
16
37 %
45
15
15
38%
Highest
t per share
48% Jan
7% Jan
—...
40% Jan
16
50 % Jan
2
33
Sep
65
100
68'/a Jan
16
77
Feb
8
64%
100
77
22
77% Jan
21
7.50
1
No par
24% Jan
18
Jan
Jan
5% Jan
.
90%
73
Oct
96
Feb
Nov
Oct
30% Apr,
13% Jan
3
20% Feb
4
13
7% Feb
8
5%
Oct
>
2
14'A Jan
7
11%
Nov
27
May
No par
93% Jan
13
93% Jan
13
92
Sep
104
July
No par
47
14
55% Jan
6
37
Sep
56
Dec
1
11% Jan
Jan
'
Jun j;
Jun
16%
J
"
Jun
Q
5
:
\
139% May
Monday, February 17, 1947
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Range for Previous
STOCKS
Monday
Saturday
21 %
22%
$ per share
Feb. 18
16 V;
89
SO
88 %
18 %
18%
18',4
13
367a
*98 %
100 %
34%
37%
36%
100%
"99
3b7
x36
"99
37%
37%
41 %
109
109
121
120
120
118
120
99 %
56%
58
41 %
41%
40%
41V-,
66%;
28 »%•
69'A
69%
68%
69 Vz
27 7 8
28 %
20%
9R
28%
105
"103%
105
16%
17
16%
17
16%
17 Va
48%
49
42 %
43
42
42
17%
17%
17%
17%
17%
17%
47 %
47%
47%
48%
x47%
47%e
8102%
•
19 %
1S%
19%
19
21%
21%
21 %
21%
21
21
21
16%
16 %
16%
16
*73
"120
121%
1,600
16%
16
16 "a
6,100
23%
24%
28.300
25
14%
14 %
5,000
Sun
15
400
Sun
121
121
9
8%
9
42
41%
12%
12 V2
12
12%
23%
12%
12%
24
24%
45%
23%
45%
45%
23%
45
45 Va
16
16
36%
36
36%
35%
36 5 /2
25 Va
25%
24%
25 %
"15%
16
rl%
27 %
28 Vs
x9%
"44%
1,000
"15%
16
100
900
Swift
&
Swift
International
28
16
Jan
13
114
3
70
Oct
135%
Jan
13
122% Jan
2
78
Oct
149%
Apr
54 Vz Jan
14
58
Feb
10
42%
Feb
59%
Aug
40 3
Jan
27
42
Feb
7
37
Feb
49% May
66% Jan
16
70% Jan
9
61%
Nov
23% Jan
3
Jan
28
20% Mar
Jan
23
Dec
17 % Feb
11
8
100
Feb
29
105
101 V2 Jan
6
12% Jan
13
100 Vz
Feb
10
21
49
100
102% Feb
4
104
16% Jan
13
Jan
Feb
Nov
56
Jun
Sep
53%
Jun
26% Aug
16%
29
Oct
41 Vz
2
Jan
Jan
July
25
Jan
102 V.
2
Jan
18
13
46 % Jan
3d
Oct
37%
7
Feb
15% Jan
78% May
108%
37
49
1
Apr
11
43
Oct
May
63
Aug
109%
19% Feb
7
13 %
Oct
26% May
Dec
39% May
2 0 % Jan
1
28
24 % Jan
4
20'%
Feb
13
21% Jan
3
21
Jan
23
Feb
Feb
3
14%
Oct
23%
Apr
20
20
14% Jan
-No par
17
13
38% July
18% Jan
16
18 Va
Oct
13% Jan
13
15% Feb
3
12%
Nov
-No par
107% Jan
17
107 Vz Jan
17
103%
Sep
61%
Sep
78%
Apr
124 Vz
3
74 Vz Feb
1
121% Feb
14
11
9% Feb
8
7%
Oct
7% Jan
45 Va Jan
Jan
21
No par
19% Jan
16
101% Jan
13
25
2
42'%
Sep
56 %
6
10%
Oct
24
13
Feb
10
] 14
24% Feb
9%
6,000
13%
13%
1.100
Talcott
7%
1,700
17%
2,300
Tennessee
Nov
23
Jan
55 %
Apr
Aug
Dec
13%
2
Jan
16
37% Jan
28
22% Jan
27
27'% Jan
2
25
1% Jan
22% Jan
16
28 "2 Feb
13
No par
102 % Jan
2
Jan
14
41 Va
Feb
Nov
36 V.
Jan
Nov
18
No par
Sep
19 V.
6
Jan
Sep
25%
14% Jan
21
31
.4.16%
..
Telautograph Corp
17
160
19 %
10
34
16
..
Prod's Inc
preferred
Symington Gould Corp
Apr
May
Oct
38
7
46% Feb
Aug
35% May
Oct
17%
102
16
Jan
43
10
Jun
Aug
May
Jan
13
Jan 16
20
.50
117
23% Feb
13
11 Va Jan
._
May
14
Jan
41
24% May
110
10
70% Jan
118
100
11
25%. Feb
.
Sylvania Elec
7.900
"7
10%
36 V8 Jan
Dec
28% Jan
1
Ltd.
9%
104
60% May
_
Rights
17,000
9%
Oct
% Jan
5,100
23,500
104
104
20%
25
Co.
36%
24%
4
27%
28%
104
10
600
45
27%
104
104
10%
10%
10%
25 Va
27 %
104
"103%
104
24%
27%
27
a
24
a
')
9C
10c
Superheater Co (Thei
Superior Oil of Calif .
_
Superior Steel Corp
Sutherland Paper Co
Sweets Co of Amer'Thei
35 3
May
99 Va
106
12.50
5,800
23 7
55
Dec
2
cumi.
23 3
115
1%
rlVz
1%
27 %
(4%%
12%
25
Nov
98%
13
Sunshine
36 %
34%
Jan
Sunshine
16
25%
6
13
6
No par
4,400
"23
x23 %
37% Jan
101 Vz Jan
16
Jan
..
..
4.100
"113
"15%
16
35%
Mar
39
Oil Corp __ _
Biscuits Inc
Mining Co
Sunray
26,400
45 %
45 %
May
116
5
1
22 7
24 %
55
Oct
Jan
1
11 %
114
24 %
23 3-4
46 %
"23
23%
114
114
114
114
113
23 V2
23
23 %
22 %
23 %
Feb
—5
A preferred..
pfd
A
Apr
Sep
33%
107%
34% Jan
99
24%
15 Va
2
11
112% Feb
—
_
42
a
Jan
44
Corp
Co
Oil
Class
40
4
9 %
8%
41%
41%
114
1213
121%
Chemical
$4.50 series
73%
73%
73%
Apr
50
(Thei
Corp
Studebaker
108
"107
108
42
12%
10%
9.000
20%
8%
42 %
"103%
21 %
20
41%
12%
815%
21%
9%
42%
22%
4
121
"120
Stokley-Van Camp Inc...,.
5% prior preferred _
Stone & Webster
19%
8%
42%
*110
733
"73 %
121%
"120
9%
9
Corp
Stewart-Warner
23%
73 %
109 V.
-.5
4.000
21
"107
4
Sep
No par
conv
19 "a
19
14%
15
15
84%
.
105
"102%
23 %
m
73 %
73%
74 %
1,200
3,700
Apr
90 % Feb
16
8
b
15
108
"107
108
17%
16
16 3
"107
15%
14%
15 %
15 %
8107
47%
300
42
47%
47
105
18%
«
25 K
23%
24%
24
24%
24%
"17%
21%
22 3-4
16%
"41
17%
47 %
21
20%
42
39 %
109% Jan
__1
preferred
Starrett Co (The) L S
Sterchi Bros Stores Inc
Sterling Drug Inc common.
3 Vz % preferred
—
_
4%
200
49
"48
Nov
18% Feb
-No par
Spring
14 Va
45% Jan
-No
Steel
7
16
prior
Standard
10,200
16%
20
19 3
19%
•
12,200
16%
17 %
"102%
21%
21
28%
49
17 %
105
"102%
18,900
105
"103 %
"41
49
43
12.100
67%
"48
49%
*42
105
41
4
27%
28%
105
16%
*48'A
"102%
67 Va
"103 "2
81103 %
105
40 3
68 %
28%
135
"103%
"48
57'
41%
67 %
57%
42
9,900
56%
56
41
57
57%
41%
1,800
118
118
pref.
prior
3
17% Feb
24
par
preferred
-No par
preierred
.No par
Standard Oil of Calif
25
Standard Oil of Indiana.
..25
Standard Oil of New Jersey
-10
Standard Oil of Ohio
100
3aA% preferred series A_
$6
$7
400
22% Feb
39 % Jan
No per
Standard G & E Co S4
42,500
Jan
3
13
16% Jan
5
preferred
$3.50 cum
100
112
"110
119%
130
share
40%
18%
82
No par
preferred
$ per
Dec
19% Jan
Squibb (E R) & Sons common
1
$4 preferred
No pur
Standard Brands,
Inc .No par
6,100
a
35%
34%
3614
-
57%
67%
36 5
100%
"99%
112
118
120'
x56%
99%
1,000
112%
36%
37
"109
40%
112
112%
a
IliU
111%
"39%
34 %
35 7
112
112
4C%
5.600
Co
D
Square
18%
—,
$4.50
Conv
250
89
"88
36 %
CLOSED
-
17%
"112
EXCHANGE
a
100'
34%
36 %
34%
STOCK
112%.
112%
112%
"112
111%
41
41
40%
40%
40
111 '/a
18%
40%
18%
89
18
89 %
17
89
17
90
Spiegel Inc
13,900
16%
16%
$ per share
share
Highest
$ per share
13% Jan
1
2
(The)
Sperry Corp
6,200
22
21%
22 %
21%
17
17%
16%
16%
10'a
90
18%
share
$ per
$ per
Par
Shares
share
$ per
Year 1946
Lowest
Highest
Lowest
EXCHANGE
the Week
Feb. 14
Range Since January 1
YORK STOCK
NEW
Sales for
Friday
Thursday
22
21 %
22%
SALE PBICES
Wednesday
Feb. VI
share
S per
share
$ per
share
21%
Feb. 11
Fob. 10
Feb. X
$ per
LOW AND HIGH
Tuesday
$4
16
137
Feb
41
Nov
109%
Aug
7
10 % Feb
13
7% Jan
1
104
7%
Nov
16%
Jan
101
_
T
17'/a
17%
17%
17%
17 %
59%
58%
59%
58%
59%
13 Va
13%
13%
13%
13
13 %
53
53
52'/8
52%
26%
26%
26 Vz
26%
26%
18 Va
18%
58%
59%
7,900
13%
9,300
Texas
53 Vz
53
53
1,400
26 Va
25 %
25%
2,200
25%
26 Vz
t
17%
17%
18%
56 Vz
55
55
55 V2
58 Vz
18
18 Va
17%
19
19 %
20 %
59 Vz
.
10,600
21.
-58%
59
59
59
"58%
59 %
900
17%
17 %
17 %
17Va
17
17
17%
16%
17%
"16%
13%
13%
13%
2,500
13%
13%
13%
13%
13%
13%
"13%
59%
GO
60
59 "2
60
60
"59%
60
11%
11%
11 %
11%
3,500
Third
20
20 Vz
19%
20%
2,400
Thomas
16%
300
57
700
13%
21
21
16 VA
16 V.
58
58
7 Va
7V0
12
12 %
20%
20
20%
16%
16%
16%
"16
57%
105 %
"104
"38%
39%
39Va
39 Va
19 Va
19Vz
19
19%
104%
104%
50Vz
50
21 Va
37%
400
19%
5,500
106%
130
20%
21 Va
x49 %
50%
3,000
Timken
14 %
14%
4,100
20%
20%
8,500
600
16,600
14%
'14%
20 3 4
21% '
19
19'/a
18%
18 %
14%
'
18%
18 %
"17%
18%
7%
7%
7%
20 V2
'
19
"18%
14%
20%
14%
22
7%
7%
7%
112
111%
111 V4
70
112
112
111.
111%
19%
19 V2
19%
20
19%
19%
19%
19'
20
19V.
37 Va
37%
36 Va
36%
37%
36%
37%
37%
37%
37 y4
47
46
46
'
"45%
47
"46
"102%
104
"102 V.
1031%
"102V4
"14%
15%
15%
"47 Vz
49
49
50
50
15%
14%
15
14%
14%
O CM 10^
"102%
103 Vz
100
15%
15%
15 Va
15%
4,400
50%
50
50%
300
50
50%
15V8
14%
15
14%
14%
2,500
16
15
15%
102%
103%
46
300
45
45
"44
V4
3,100
14,500
preferred
$6
Corp
Truax-Traer
20th
Film Corp
Fox
Cen
preferred
$1.50
prior pfd
Twin City Rapid Transit
5% conv prior pfd
Twin Coach
Co
$4.50
Feb
68 Va
Aug
Jan
22
13
13% Feb
13
Jan
16
53 Va Feb
13
9% Mar
26% Feb
21
7
16
18% Feb
13
Tuesday
Feb. 11
Feb. 12
$ per share
$ per share
Feb. 8
$ per share
$ per
share
57%
57Vz
58
58
Wednesday
Monday
Feb. 10
Saturday
$ per
56%
58
15
15 Va
57
2,400
141/2
14%
1,100
15%
15%
15 %
15
15'/2
32%
33
31 Vz
33
321/4
331/2
32
11,800
32%
33
32%
98
98%
97
97%
96
97 34
96 V4
10,100
99
97%
98
"15 V.
"113%
1141/4
"113%
1141/4
"102
112
"102
112
100
100
100
II3V4
"102
100
22%
22
134%
137
137
-99%
108%
108%
109
109
38 V.
38V4
38%
38%
19%
20
19%
20
21%
CLOSED
136
109
STOCK
EXCHANGE
22
135
109
*99%
37%
19%
19%
*108%
106%
24
23
43
"42
106%
106%
"106
23%
23%
22%
42
1C6%
23%
42 Vz
42
43%
19%
18%
*1051/4
106 Vz
*106!4
22 Va
23%
21%
'A
106%
43%
77
77
771/4
*76%
771/2
77
32
32
32
32
*31
331/2
*31
80 Vz
4
7%
81
*81
4
4»/a
8Va
82
41/a
51%
51%
51%
51%
"9%
10
10
lOV.
*90
92
*90%
92
7%
*81 »/4
3%
51
*10%
*90
7%
33%
*30%
7%
8
7Vz
82
81 Vt
4
80
82
3 7/a
4
37a
37%
800
14,800
19
106%
600
16,500
23
12
407,300
3
14
7
Sep
13 V.
Sep
47
Sep
61 Vz July
13
15
Sep
30 V. May
13
10
Sep
Feb
8
48
Oct
70
Oct
20 Vz
Jun
16
Dec
18 'A
Nov
14 V.
Oct
60
13
9%
2
14% Feb
5
4
21
Feb
7
4
16% Feb
11
13
59 Vz Jan
30
United
United
33%
700
7%
15,400
80 Vz
51
51%
51%
51%
*10
10%
9%
10%
700
93%
15V»
2,700
41%
500
50%
16,100
23V4
1,400
92
92
92
141/2
15%
*91
16
41%
41'%
41
41
41%
41%
41
41%
491/4
49%
48%
50Va
48%
50%
49%
50%
23%
23%
23%
23%
23 'A
23%
23 Va
23V4
18
151,4
*40%
491/4.
23V4
18%
18 1/4
18%
44,500
107%
107%
107%
10
17%
18%
17%
18%
17%
18%
"107V4
107%
*1071/4
107%
*1071/4
107%
"107V4
14%
14%
14
.141/4
14'/4
141/2
14 Vz
14%
14%
*14%
2,700
11 Vz
11%
11V.
11
11%
ll'/a
11%
11 Va
Hi/4
20,200
21
*105
17 Vz
106
*190
32%
20%
211/4
107
17%
106%
194
*105
*17
105%
*190
31
32%
*93
95
52
*93
53
8
31 Vz
8Va
31%
51%
'
8
31
21%
107
17%
106%
194
32%
95
*105
17Vz
104
*190
31%
*93
52J/4
50
8'/a
8
31
tFor footnotes see page 955.
20 Vz
x31
211/4
107
17Vz
107%
194
31%
95
51%
8
31
20%
20%
21%
*105
107
*105
17
17
17
1051/z
*190
103%
192
192
31%
95
7%
*91%
•
77 a
31
30%
10
2,900
95
4,500
51%
7%
52 Vt
7%
2,600
*30%
31%
500
53V4
51%
31
800
4,400
194
-
preferred
conv.
Corp
common
United
Electric Coal
Cos
U
S
&
U S
U
S
Rexall Drug Inc
2
Freight Co
Gypsum Co
preferred
Mach Corp
4'A %
preferred
U S Industrial Chemicals
U
S Hoffman
S
Leather
Partic
&
Co
conv
,
cl
Jun
13%
Jan
32
Oct
68
Jan
24 Va
Apr
104 3,4 Feb
7 V. Feb
3
39 Vz Feb
1
17%
Nov
99%
Nov
16%
Oct
26%
Jun
66 V.
Jan
14
Jan
13
20 V4 Jan
6
2
106 Vz Feb
14
3
5 Va
4
21% Feb
A
Feb
112
2
51 Vz Feb
13
38 'A
Oct
15
15 Vz Jan
3
13 Va
Oct
21% May
Dec
71
Dec
33%
Oct
12%
17% Jan
5
16
22 % Jan
6
18%
Jan
15
19% Feb
3
14
15!
No par
1
No par
No par
No par
No par
No par
No par
a
5%
6 % Jan
16
7% Feb
7
108 % Jan
3
112
Feb
13
105
Sep
13
20
Feb
13
16
Sep
17% Jan
30% Jan
13
38% Jan
6
37 Va
Oct
Jan
16
48
Jan
6
46 Va
12% Jan
16
11%
Oct
24
Apr
71%
Apr
26 Vz
Jan
2
50% Feb
14
43%
15
15% Jan
29
ll'/a
Nov
20
100
5
100
No par
JVo par
__No par
$ per
share
Previous
Year 1946
Lowest
Highest
Lowest
100
10
2.50
Jan
102%
11
Range Since January 1
100
5
May
79
13
Feb
16
12% Jan
30c
100
1
5
63% May
106%
Dec
Jan
$ per
Jan
22% May
Dec
45
50
1
Feb
Mar
102% Feb
3
102 % Jan
Jan
114
Nov
39
No par
No par
No par
Foreign Secur
1%.
U
Jun
Oct
8
13% Jan
Engineering & Fdy
5
United Fruit Co
No par
United Gas Improvement Co__13V2
United Merch & Mfrs Inc com
1
United
69%
112%
43% Jan
United
5% preferred
United Paperboard
21 Vz May
Oct
16
18% Jan
1
Dyewood Corp_
Preferred
$4.50 preferred
17
107%
30
8.200
United
107
105
31
*92%
20%
Cigar-Whelan Stores
Feb
Jan
18 % Jan
No par
No par
No par
:
$3 preference
10
14V4
11%
$3.50
United
10,500
10%
Co
Co
United-Carr Fast Corp
United
150
35,400
4
Biscuit
Carbon
Feb
Oct
38 V.
102
102 'A Jan
Co
Ruber
17%
14
$ per
share
share
Highest
$ per share
80% May
3
Feb
7
49
52% Jan
Sep
15% Jan
25
rW
3
12
Jan
Jan
39
May
16
13
23
25% Jan
33 % Feb
8
88
Sep
125
Apr
Jan
14
58 V2
8914 Jan
15
99
Feb
xll2% Jan
29
114
Feb
Feb
13
105
99% Feb
14
101V2 Jan
Jan
16
105
21
103 Vz Jan
% Feb
Jan
74
Jan
26% Jan
16
13
24
13
49 V* Jan
2
8% Jan 16
88
Jan 14
3% Jan
Jan
13
39% Jan
23
447a Jan
14
16
16
Va Feb
3
22% Jan
13 V2 Jan
107
12
Jan
16
10
Jan
13
16 Vz Jan
16
104% Jan
3
Jan
2
86'A Jan
16
Jan
23
16
15
188
29% Jan
Dec
107%
Nov
29
Oct
Jun
May
Feb
110
10
Oct
168%
102%
Oct
120V4 Mar
32
Sep
16%
Nov
Dec
101
3
42 'A
Jan
37%
Jan
Jan
119
19 %
Nov
33 'A
Jan
54 'A
13
Jan
2
Feb
57'A May
77 'A Feb
10
62
Sep
91%
Feb
8
23 V.
Oct
40
8
6%
Oct
17 V.
Jan
10
Dec
89
46
32
15
Jan
13
111
8V4 Feb
14
27
6% Jan
79
Feb
115%
Feb
203
25 Vz Jan
13
40
Feb
108
Jun
96
13
Feb
3
38% Feb 10
20
Feb
8
16
21
111
110
15
Jan
Feb
137
16
3
35 Vz Jan 16
17% Jan 13
Jan
105
Feb
Apr
23%
106
4
16
22% Jan
7
125 Vz Jan
Rights
1,000
Sep
35
14
13
21
Feb
34
No par
5
Union Bag & Paper
No par
Union Carbide & Carb
No par
Un El Co of Mo pfd $4.50 ser No par
Preferred $3.70 series
No par
Preferred
$3.50
series
No par
Union Oil of California
25
Union Pacific RR Co
100
<1%
non-cum preferred
100
Union Tank Car
No par
United Aircraft Corp
5
5% conv preferred
j—i_100
United Air Lines Inc
10
2,000
42V4
77
511/4
14V4
141/4
*41%
76%
14%
14%
400
110
5
7
42%
77
8 «/4
1.800
la
19
76%
8
4,300
135
37 Va
38
230
21%
99 Va
*133
109%
10
99V2
21%
22
137
*37Va
114
108
*102
100
22
135%
109%
x37 Va
113',4
114
105
105
112
69%
22V4
22 V.
134%
*113 Ve
113%
130
18
Jun
6 Va Jan
Underwood Corp
Asbestos
May
13% Feb
3
103
Par
Union
65
Range for
Shares
$ per share
share
57V4
26% May
17 % Feb
14
15% Feb
YORK STOCK
EXCHANGE
the Week
Feb. 14
Feb.13
58
56%
Friday
Thursday
Oct
Feb
58% Feb
13
51% Jan
NEW
Sales for
Oct
32%
59 Vz Feb
Jan
U
HIGH SALE PRICES
Jun
60%
14 Va
13
16% Jan
STOCKS
LOW AND
July
18
Sep
46 Vz
10% Jan
No par
Tri-Continental Corp
52
11% Jan
10
No par
5
tTransamerica
1
55 % Jan
No par
No par
Bearing
Roller
Feb
16
100
Corp
Transcont'l & West Air Inc
Transue & Williams St'l
14%
111
$3.75
51 %
21
"HOVa
Oil
Associated
preferred
Timken Detroit Axle
Water
Tide
19%
106 Vz
19%
107
preferred
$3.50 cum
21%
14%
111%
37%
Jun
60
14% Jan
1
50%
21%
7%
2,200
Jan
25%
41
25
50%
50%
7%
6%
13
Sep
56 % Jan
No par
21%
14%
7%
6%
Dec
14%
15% Jan
100
5
No par
No par
1
Thompson
(J R)
Products com
4%
preferred
Thompson-Starrett Co
6 V.
7
21% Jan
1
(The)
Co
Steel
Jan
9
a
10% Jan
preferred
50
Transit Corp-No par
Avenue
11%
7% Jan
17% Feb
50
conv
5,800
20
7%
7
"105%
common
14
2
13
56
No par
10
Thompson
20
37%
Co
div
21 %
20%
50%
50
$2Va
104%
19%
19 %
Thermoid
104%
6%
105
105
105%
20%
21
21
105%
"54%
Fair
The
160
106
37 %
38 %
19 Va
16%
56 %
56
7
6%
38 %
17 %
"104%
105 %
7%
6%
60
"16%
57
56
"104
57%
105%
"104
13 %
20%
14
"13%
«
pfd
conv
53%
60
(The)
Gulf
$2.40
480
58%
5
25
1
Sulphur
Texas Pacific Coal & Oil
Texas Pacific Land Trust
Texas & Pacific Ry Co
Thatcher Glass Mfg Co
3,500
58
56%
,,,19%
5
Gulf Producing
Texas
10,900
18 %
18%
18%
18
I7V2
56%
18%
59%
13%
53
52%
60
13%
19 "A May
Feb
6% Jan
15% Jan
11% Jan
9
Corp
Texas Co
59%
13 %
55%
181/4
56%
17%
17
17%
59 'A
52%
7%
7%
7
6%
7%
7
7 V.
7 V4
14
"13%
13%,
13%
13%
13%
13
13
(James)
Inc
83
4 Va Jan
31
52% Jan
29
10V4 Feb
10
Jan
2
95
78
3 V.
44
8%
Oct
Oct
Dec
Apr
May
7 Va
Apr
Sep
Jan
56% July
16% Aug
Aug
71 % Mar
105 Vz
Nov
21%
Feb
Jan
Feb
13
12%
43 Vz Jan
2
34 V.
Dec
56
Oct
53% Aug
16
2
41%
24 Vz Jan
6
18%
Oct
18% Feb
13
12 V.
Oct
22
Aug
110
Jan
51
Jan
30%
Apr
108'A Jan
30
104%
Oct
14% Feb
13
9%
Sep
15% July
Oct
18% May
11% Feb
8
9%
21 % Feb
13
15%
Oct
32% May
Jan
28
101
Nov
109% July
3
13
Nov
93
Sep
132
Dec
X205
106
I8V4 Feb
107% Feb
11
187%
29Vz
Feb
May
Sep
Feb
14
33% Jan
6
26
Feb
47%
Apr
90
Sep
98 Vz
Aug
62
192
91% Jan
31
92% Jan
9
Jan
13
53 V4 Feb
13
37%
Nov
x41
8 Va Feb
8
13%
Jan
13
Sep
Jan
6%
7
3
8
Sep
Jan
25% Jan
31% Feb
44
25
May
.Volume 165
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4569
NEW YORK STOCK
19 7
'9%
9%
'43%
72
34%
72
72
'102%
'102%
102%
58 %
58 %
58 %
59%
164
33
'162
164
48
40%
80%
'79
78%
'146%
148%
58
79%
79%
77%
34 %
32 %
34
102%
102%
57%
1,200
1
300
6,100
102%
48
48%
79%
79%
'79
80%
200
76%
79
77%
35,600
79%
148
163
163
76%
147%
148
400
5,900
22%
22%
22%
22%
22%
22%
22%
22%
22%
22%
48 %
'47 %
48%
48 %
48%
48%
48%
'47%
49%
230
5%
5%
5%
5%
5%
5%
5%
5%
1,300
10%
5,800
1G%
1078
104
104
22%
'186%
28%
28 %
10%
53%
'51
22
'19%
21%
'91
190
27%
27%
28%
>91%
95
5,000
10%
9%
'51 %
22
'20%
22%
200
10%
90%
10%
90%
13,200
150
11%
10%
11 %
90 %
90%
'187
preferred
3%%
9'AJan
100
10
8% non-cum 1st preferred
U S Smelting Ref & Min
Preferred
S
Steel
Corp
100
50
S Tobacco Co
conv
United
Paper
10
8%
25% Aug
11 Va July
9
Dec
44% Feb
35
Nov
60% May
72% Feb
59
Sep
84
Jan
13
39
36%
Dec
39% Dec,
101% Jan
3
48% Jan
16
147% Jan • 6
42% Jan
16
Jan
102% Jan
100
60% Feb
165
50
Jan
144
80% Jan
13
79% Feb
8
4
149% Feb
1
Jan
21 % Jan
46% Jan
Nov
40% Oct
8
144
Sep
48% Nov
Feb
16
X72
65%
142
106
Apr
Oct
;>
80
Apr
"
Feb'
84%
Feb,
187
Sep
89
Feb
Oct
97%
Feb.'
Dec
166
Feb
3
22% Feb
13
20% Nov
29% Jan
27
48% Jan
16
47
55%
1
5
jan
13
5% Feb
3
4%
Sep
93A
2d pfd_5
No par
8
Jan
13
11% Feb
5
7%
Oct
20%
102
Jan
26
Jan
6
100%
Nov
8% Jan
14
10% Jan
30
7
Sep
11% July
8
41
Sep
54
Inc—
2
„50
1
Inc
Tob
1
No par
preferred
100-
47
Jan
20
Jan
4
2
8% Jan
x90
Jan
3
106
51
Jan
22
7
8
Dec
2
91
Nov
110%
Jan
200%
Apr
49"%
Jan
4
187
18%
Dee
Feb
11
187
May
Jan
13
25
Nov
Jan
14
29% Feb
91% Feb
3
82
13
77%
Dec
18
Jan
16
22
17%
27
91%
'90
92
3,400
50
Universal Pictures Co Inc
4%%
preferred
21%
21
21
1,500
Vanadium
18%
18%
2,000
Van
Norman
x38 %
39%
1,800
Van
Raalte
Vertientes-Camaguey Sugar Co_6%
Jan
I-July
10
Jan
x22
27%
90%
Apr;
128
Feb
99
l
27%
93
Jun
Jan
11% Feb
14
184% Feb
Nov
100
27%
27%
Highest
$ per share
3
78% Jan
pfd
Laboratories
Leaf
9% Jan
Jail
13
68% Jan
Universal-Cyclops Steel Corp
Universal
Universal
13%
Jan
25
preferred
Wall
8
'
$ per share
70
No par
cum conv
19% Feb
50
100
7% non-cum preferred
United Stockyards Corp
United Sto^-a $4.20 non-c
$6
$ per share
No par
common
Preferred
U
7
Year 1946
Lowest
32
S Rubber Co
U
22
38% Jan
10
pfd series A
cum
16'A Jan
_10
Pjpe & Foundry
Playing Card Co
U S Plywood Corp
U
$ per share
,.^20
S
.
190
'187
190
10
52%
1
US
200
53%
9%
187
187
3,000
106
'105
93
10%
11%
10%
10%
107
10
93
'92%
95
10%
'105
"51
22%
10'A
'91%
190
>92
10%
107
10%
'21%
92
'186
10%
'105
53%
10'/a
10%
9%
91
10%
105
'51
53
>22
6
10%
105
10%
10%
'51
5%
4%%
U
600
148
'47%
'
U S Lines Co
10
12,800
58
48%
165
Range Since January 1
Lowest
Highest
par
800
42
72%
48
79
'147%
41%
72%
59%
x58
9%
43%
>161%
149
148
>9%
9%
7,900
CLOSED
48
80%
78'/a
148
>102%
STOCK
19 Va
72%
Range for Previous
STOCK
EXCHANGE
Shares
EXCHANGE
165
46%
32%
102%
60 %
164
48%
'79
79%
33%
'102%
167
47 %
42%
>72
18%
NEW YORK
the Week
$ per share
19%
9%
43'A
72%
33
34
34%
102%
18%
Sales for
Feb. 14
$ per share
9%
43 %
'71%
43%
'43
$ per share
Friday
Feb. 13
19%
'9%
9%
'9%
44%
'71%
19%
19%
19
3
Thursday
Feb. 12
$ per share
S per share
STOCKS
Wednesday
Feb. 11
Feb. 10
Feb. 8
19%
Tuesday
Monday
Saturday
$ per share
'
RECORD
HIGH SALE PRICES
LOW AND
V55
27%
Feb
22
Apr
101
Apr
V
21 %
21%
21
21%
21%
18
18
17%
18
38%
39%
39%
39 %
19%
19%
21%
39
19%
18
17%
18%
39%
'17%
20 Va
19%
21%
40%
41
19
19'A
19
4,400
37%
19%
38
'37%
39
800
96
'93%
98
Vicks
98
'94%
98
5%
46%
'45
'37%
39%
38%
x38
38
'93
98
'92
96
'92
96
'93
'93
98
'93
98
'93
98
93
47
'46
101
8
46%
102%
8
%
>87
46%
>46%
'101%
102%
'101%
%
88 7
8%
87
a
120
89
'85
'44%
37%
462
8
102
Va
19
46%
102%
102
8%
'85 %
8
2,800
87
87
87
121
120
120
>85
95
'85
95
'85
95
'44
45
44%
44%
44%
44
44%
38
37%
37%
37 %
37%
'36
37
36
140
155
'140
155
'140
148
156
'148
156
'148
37
37
>37
155
36%
'140
156
38 %
37 %
37%
119%
400
2,200
800
37%
'140
155
156
'148
Works
div
6%
El &
partic
25%
Apr
Nov
58%
16
20% Jan
Apr
Jun
17% Jan
Feb
2
15%
Sep
Jan
11
39
Feb
6
30
Oct
90% Jan
23
92
Jan
22
94
13
94
Jan
13
49
Jan
7
102% Feb
14
No par
33
Jan
44% Jan 21
101
Jan
6
20
13
69% Jan
14
100
5%
Jan
100
pref
Virginian Ry Co
6%
preferred
Visking Corp (The)
156
Oct
35
5
prefered
Pow $5
15%
13
100
Va-Carolina Chemical
Va
Feb
14
41
100
preferred
cum
39
18% Feb
20
100
Ry
preferred
Chemical
Nov
3
34% Jan
2.50
Pac
non-cum
7
16% Jan
10
Co
&
Feb
2.50
Inc
Va Iron Coal & Coke
38%
155
>143
80
Shreve
3%%
No par
Co
Co
Chemical
Victor
500
87
119%
Vick
40
7%
87'A
8
300
102%
'120
95
38'/a
38%
47
102%
8%
%
120
44%
'44
8
87%
120
95
120
:
38 %
Corp of Am
119 % Jan
29
pfd___lOO
5
44% Feb
11
40
Jan
17
36%
100
28
28
Feb
5%
Sep
Dec
Dec
26%
51%
Apr
113
May
115
Feb
53
May
108% Aug
40
Jan
15
25
37
Feb
3
1274
Jan
63%
Sep
99 %
July
117%
Dec
123%
Apr
80
121
__
25
class A
9% Jan
91% Jan
83% Oct
91% Nov
Jan
105
Apr
40
Dec
53
July
37
Sep
45%
Detinning
Preferred
Jan
5
Jan
16
37 % Feb
14
52
Apr
145
Jan
9
145
Jan
9
130
Oct
170
Mar
148
Jan
6
150
Jan
2
145
Dec
178
May
100
Co
34
100
100
Vulcan
32% Nov
W
'72%
75
'72%
'17'A
17%
17%
18
'35%
73
17%
'105
'72%
17%
36%
36
'105
106'A
75
'73
100
75
x36
>104
17%
'17%
17%
500
36 %
17%
36%
106'A
36'A
36'A
106 %
'105
73
75
36 Va
36%
1,000
106%
106%
106%
24%
24%
24%
24%
24%
23%
24 %
23 %
23 Va
9,200
13 %
13 %
13
13 %
12%
13%
13
13%
12%
13
5,500
19 7
18%
19'A
30,300
105%
18 Va
34,400
Waldorf
270
17%
19%
19
19%
105 Va
105
105'/a
18%
18%
'105
105
105'A
18%
105%
8
105%
105 %
18
18'A
17%
18%
17%
17%
17 3.,
18'A
17%
27 'A
28
27%
27 %
26%
27
27%
27 "2
>26%
38
38
38%
3 8'/a
37
37
37
27
26%
26%
26%
26%
26%
26%
'26%
x37
RR4%%
4%
preferred
14
73
Feb
11
Sep
86
Feb
Jan
16
17% Jan
25
15%
Oct
23%
Jun
33% Jan 27
36% Feb
11
33%
Dec
54
Apr
Apr
111
Mar
preferred
Ward
104 % Jan
Jan
2
No par
No par
G&W
Bakiqg Co
5% %
22% Jan
3
24% Jan
7
23%
Nov
29%
Oct
11'A Jan
16
13% Feb
3
9'A
Oct
20%
Jun
Jan
15
19% Feb
13
xll% Mar
103% Jan
13
105% Feb
14
100
Jan
13
1
common
preferred
100
Warner
Bros
700
Warren
Fdy & Pfpe
37
600
Warren
Petroleum
'26%
26%
700
Washington
Pictures
Gas
5
No par
Corp
Lt
5
Co
23 "a
23%
23
23%
22%
23
22%
23'/a
>22%
23
1,300
Waukesha
26 %
26%
26 %
26%
26%
26%
26%
26%
26%
26 %
1,000
40%
39 %
40'/a
40
40%
>39%
40%
'39 %
40%
900
No par
Wayne Knitting Mills
Wayne Pump Co
'40
Motor
LOW AND HIGH SALE PRICES
Monday
Tuesday
Feb. 10
Saturday
Feb. 11
$ per share
$ per share
$ per share
$ per share
11
11
Va
10%
11 Va
40%
40 %
40%
41
89%
8 9'A
87%
89
32 %
3Zi%
32%
32%
10%
40%
Wednesday
87
32%
116
114%
118%
119
"118 Va
'111
112
112
112
111%
111%
EXCHANGE
>115%
115%
115 'A
115%
115%
115%
CLOSED
113
113
40
40
9%
>112%
6*7%
7%
7%
22
22%
'12%
__
32 %
114%
>114%
116
40
119
"118
119
100
"111
111%
115%
39
111
115
115 %
130
39 %
1,300
39
110%
9 %
67
xC4 Ja
7%
111
115%
7%
39
110%
111%
4
18 %
18
18%
41
41
85
85
21%
35
21%
22%
9&%
98%
104%
104%
52 %
52%
'51%
35
35
101
101
"63
x35
53
35»
101
68
21%
28%
27%
28
27,100
98 %
104%
105
52%
53
34%
"63
35
43%
43%
"101%
101%
100'A
100 %
100%
750
99%
105
"51%
400
34 3 '4
34%
35%
1,100
100'A
100%
90
43
65
103
103%
103
"65
43%
100
100'A
Sugar
1
29% Jan
110% Jan
103
42%
1,800
250
3%%
Westvaco
$3.75
series B
Instrument
Chlorine Trod
&
Jan
9
18% Feb
11
14
Jan 16
41% Feb
8
27
Jan
2
85
Jan
31
71
Oct
17% Jan
16
11% Jan
18
12%
100
100
Corp
>86
90
90
"88
92
'33
34
"33
34
"33
34
34
34
"33%
34
Prior
preferaxi
5
13
13%
12%
13%
12%
13%
12%
13'A
12%
13
30,400
Willys-Overland
15
14%
15 Va
14%
15
14%
15
14%
14%
10,100
Wflson
"98%
100'A
99
99
19%
'18%
"142
51
51%
51%
51%
52 Va
19%
19%
165
"142
51%
51%
52
51%
19%
165
%
51 Va
"18%
100
300
51
51%
5,800
68
68 %
66%
67 Va
3,100
94
94%
93
94
130
"97
98
98
98
98
98
98
98
"98
100
170
80
80
"78
81
"78
81
>78
81
68 %
68%
68%
68%
69
69
69
69 %
16%
17
17
18%
X17 %
18%
16%
18%
41 Va
41-%
41%
41%
40%
41
10
Co
6%
Woolworth (F W) Co
Worthington P & M (Del)
Prior pfd 4%% series
51%
68'A
94
41
Pow
Woodward
>93
67
Co
1,000
94
68 »A
No par
52 %
"92
67%
preferred
Wilson-Jones
76%
40
78
600
70
>69
17 Va
17%
20,900
Prior
Wright
Iron
pfd 4%%
1
No par
52 Va
94
68 Va
Motors
Inc
52%
"92
67%
Co
Wisconsin El
19'/a
165
"142
$4.25
&
_>ju^_*_20
Co
14%
99
No par
preferred/"
Oil
53%
32%
Jan
41%
Jun
23'A Jan
28% Feb
13
39%
Jan
10
91
Dec
95
Dec
39
May
93
Jan
13
2
102% Jan 27
49
Jan
16
18
Co
pfd__100
29%
Nov
45%
Jun
98
Nov
107%
Jan
9
65
Jan
Jan 23
103
9
63
Aug
72
Jan
Feb
13
100
Oct
106
Jan
13
44% Feb
7
Jan 13
Jan 15
101% Feb
3
Aeronautical
Feb
7
16
29% Feb
8
27% Feb
21% Nov
17% Feb
1
11% Nov
90
Feb
3
81% Sep
34
23% Jan
6% Jan
14
9% Jan 13
13% Jan 13
97% Jan 10
17
34
Feb
13
7% Feb
6
13% Feb
11
15% Jan 30
92
30
Nov
5%
Oct
9
Nov
62% May
107 % July
44
May
44
Jan
23% July
105
July
36
May
12%
26%
Jan 28
Jan
3
19% Feb
8
Jan,
2
52% Feb
13
Jan
2
No par
5
Feb
1
76% Feb 14
63% Jan 21
12% Jan 16
25
38% Jan 13
97
Feb
1
68% Feb
13
94% Feb
13
98
Jan
2
80
Feb
53
8
Mar
160
Jun
34
Feb
52
May
43% Sep
47
Sep
84% Sep
87% Sep
75% Dec
21%
74
Aug
Apr
103
May
106
13
59 %
Oct
82%
Apr
18% Feb
10
13% Dec
25%
Jun
Oct
61% July
41
3,200
Yale
Jan
3
16 Va
16%
16
16%
15%
16%
15%
16
8,500
York
1
13% Jan 13
16% Feb
11
13% Nov
27%
22%
23
22%
22%
22%
22%
21%
22%
1,300
17% Jan 16
23
Feb
7
15% Oct
70%
71%
70%
71 Va
70*
71
69%
71
70
70%
9,500
62% Jan
16
71% Jan 31
20 Ve
20 >/a
20 Va
20%
20%
21
20%
21
20%
20 3 4
4,100
Young Spring & Wire
—No par
Youngstown Sheet & Tube__No par
Youngstown Steel Door
No par
16% Jan
16
21
22%
22%
23
23%
23%
23%
22%
23%
22%
23
10
10
10
10%
10
10%
9%
10
.10
10
5,200
3,600
Zenith Radid Corp
Zonite Products Corp
'Bid
and
asked prices;
no
sales on
this day,
fin receivership,
a
Deferred
delivery,
n
New stock,
r
Cash
sale,
Towne
Mfg Co
s
Special sales,
No par
_1
18% Jati 13
9% Jan
^d When distributed.
3
Feb
69% Feb
16%
Corp
Feb
62% May
22%
&
July
July
100
16 Va
40%
Jan
101
21
22%
41%
Jan
12% Sep
95% Sep
15% Oct
142
99
—
46% Jan
2
56
Jan 16
No par
Wrigley (Wm) Jr (Del)
Wyandotte Worsted Co
36% Nov
90% Nov
13% Jan 14
90
Feb
3
31
Jan 21
31
63 % Jun
10
10
conv series—100
24
14
43
100
6
Jan
55
Feb
10
No par
Feb
100
105% Feb
Jan
35% Feb
35% Jan
98
14
101
Jan
92
Wilcox
Oct
Oct
65
>66
conv
18%
11%
101
92
Apr
26% Oct
21% Nov
100
1
Jan
Jun
13
100
"86
Corp
32%
56%
101
31
Jan
92
Sewing
Jan
90% May
13% Jan
Jan
Jan 28
White
1
Apr
35% Feb
32
No par
23% Feb
35
30% Jan 22
99
3,800
$4
Jan
79
No par
Lake Erie Ry
preferred
Steel
5%
14
No par
conv
Wheeling
57
35
12.50
preferred
5%%
7% Dec
par
No par
Corp
series A
pfd
cum
Elec
Brake
Electric
pfd
cum
3.80%
4
100
A
Western Union Teleg class A .No par
Class B
No par
Weston
10% Jan
100
2nd preferred
Air
13
Sep
Sep
Sep
3,300
>98%
116'A
27
3
16%
99%
Sep
Jan
6
28%
"99
Nov
111%
40 % Feb
113
7% Feb
33 %
100
32%
119% May
53% Jun
75% Jan
28 'A
2,100
117% Aug
Oct
13
16%
7 Va
Sep
113%
16
33%
7 Va
106
115% Feb
Jan
16%
7%
112% Jan
2
Jan
34
7
3
6
29%
10
Feb
109% Jan
114% Jan
62
16%
200
Apr
Aug
Feb
10
34
7 %
100%
100
45
118
100
Co
Ry
Western Pacific RR Co com-No
Westinghouse
Westinghouse
29
Apr
43% July
89% Aug
119
8% Jan
series
34% Jan
Sep
Sep
Sep
122%
3
non-cum
85%
Jan
16
Preferred
31%
Feb
16%
Sep
Sep
Feb
4%
42'A Feb
90
Highest
$ per share
108
Jan
1
9%
115
38
100
7
114% Feb
110
preferred
12% Jan
S per share
121% Jan
100
Supply
Year 1946
Lowest
3
preferred
4%%
Feb
8 '
6%
10
43
13
West Penn Power 4%% pfd
100
West Va Pulp & Pap Co
No par
29
50
Jan
100
17
165
Sep
47%
4
$ per share
A—No par
29%
50
29%
Sep
Feb
$ per share
Corp
34%
"18'A
Oct
31
16
17
"142
20%
37 "A Jan
29 %
19%
11
86% Jan 21
"33 3 4
50
34%
No par
17%
165
Sep
No par
Snowdrift
29%
19%
20
16
34%
49%
8
9 % Jan
17
"142
23% Feb
Highest
Ejfotric class
Wheeling
68
"101%
43
5
29 %
100%
20
Range for Previous
>33%
'98%
35% Mar
41
29%
7 Ve
Dec
26% Feb
17
7%
25%
13
34%
7
Dec
22
16
16%
7%
39
Jan
6
24% Jan
29%
7%
Jan
27
25% Jan
34% Jan
$5 conv prior pref
No par
White Dental Mfg (The S S)
20
White Motor Co_„_
1
'34
18%
preferred
800
53
100%
"65
100%
43
99 %
105
34%
68
"101%
44
99'%
"100 "A
100%
Jan
30
7%
700
27%
103
103
1,700
9,300
104%
&
West Penn
1,200
41
14,200
104 %
100%
50
39% Jan
13
Lowest
preferred
Indies
Auto
>12'%
28%
Oil
conv
Maryland
22%
21%
$4
Western
34%
22%.
Wesson
West
2,100
34
53
Oct
Nov
Range Since January 1
Inc
Tobacco
3,800
18'A
4
Webster
7%
35%
99%
'51%
16%
22
1
Par
Western
35 %
27%
"
7
31
Jan
Jan
Sep
18% July
10774 Feb
23% Aug
Jan
31
21
105
18% Feb
28
5
Western Air Lines Inc
87
40 3
>85
>12%
98%
28%
100
104%
22%
__
107
22% Jan 16
STOCK
4,600
9%
65
7%
"17
180
35%
>12%
35%
4
40
112
2
64 3
7%-
85
'12%
91
9%
65 3
41
18
15
EXCHANGE
70
4,300
119
17%
>104%
>100%
3,200
89
31 %
40%
23
68
42 %
89
32%
83%
98 %
44
41
89%
41%
28%
>63
40%
84
17%
28
>101%
2,700
10
7%
7%
10%
83 Ve
35
35
39%
5
Shares
10%
40%
'
34%
>99%
9%
per-share
114%
STOCK
114
65
68
7%
41%
83%
39%
"112
lOVa
67
18
18
40%
83%
115
97a
10
67%
40
114%
119
$
NEW YORK
the Week
10%
32 %
"114 'A
40
$ per share
>88
119
'A
118
Feb .14
40%
41
x37
Sales for
Friday
Feb. 13
10%
116
'114
Thursday
10%
32%
Co
15
6
STOCKS
Feb. 12
Feb. 8
56
100
Walker (Hiram)
Walworth Co
27
37
Jan
17
No par
Co
68
No par
System
Walgreen
10
24%
Wabash
45
33
Sep
Nov
31
Feb
11
15
23% Feb
10
19% Dec
9
Sep
10% Jan 31
x-Ex-dividends.v
Jan
57%
35% Jan
83% May
y-Ex-rights.
Jan
42%
Jan
14%
Apr
THE COMMERCIAL
Monday, February 17, 1947
CHRONICLE
& FINANCIAL
956
Daily, Weekly and Yearly
Daily, Weekly and Yearly
Monday
Tuesday..
1,304,390
1,299,570
—
Wednesday
Thursday
Friday
INumber
of
Foreign
Foreign
Bonds
Sales
Shares)
Domestic
Government
Corporate
355,310
$111,000
$28,000
$1,000
$140,000
11,000
2,000
246,000
194,500
4,102,500
3,614,000
303,500
Jan. 1 to Feb.
Week Ended Feb. 14
1946
1947
$180,000
16,500,000
9,592,100
162,075,700
$17,700,000
-
$29,307,300
$171,847,800
196,000
11,000
280,000
649,295
273,000
7,000
•_
468,280
251,000
8,000
8,000
267,000
$1,053,000
$65,000
$11,000
$1,129,000
—
2,675,295
14
Jan. 1 to Feb. 14
Week Ended Feb. 14
1946
1947
1946
1947
$1,425,600
13,307,000
240,252,700
$62,500
1,461,500
.27,783,300
Total
-HOLIDAY
2,675,295
3,536,155
14,126,511
34,006,635
$1,053,000
$1,765,000
$7,135,000
$14,936,000
65,000
139,000
1,003,000
2,307,000
11,000
14,000
65,000
98,000
$1,129,000
$1,918,000
$8,203,000
$17,341,000
Stocks—No. of shares.
$16,000
Total
233,000
185,000
69,018,862
1,184,000
Railroad & Industrial-.
558,395
1946
1947
Bonds
U. 8. Government
Bonds (Par Value)
644,015
——
TotaL
37,223,800
7,124,430
5,815,110
Stocks—No. of shares.
-
.
Thursday
Friday
$17,700,000
$16,000
$1,184,000
$16,500,000
■
Monday
Tuesday——
Wednesday—
4,424,000
2,934,500
$6,000
10,000
272,000
14,1947
Saturday:
HOLIDAY—
4,146,000
2,621,000
1,336,280
941,610
Week Ended Feb.
$2,625,000
211,000
3,403,000
5,815,110
Bond
$203,000
-
Total..
Government
Bondt
$2,422,000
3,908,000
933,260
Saturday.
Total
Foreign
and Miscel.
Bonde
Share»
Week Ended Feb. 14,1947
Stocks
United States
Railroad
Stocki,
number of
Transactions at the New York Garb Exchange
Stock Exchange
Transactions at the New York
Bonds
Domestic—..
Foreign government.
Foreign corporate—
$254,985,300
Total.
Stock and Bond Averages
Below are the daily closing averages
listed on the New York
ol representative stocks and bonds
Stock Exchange as
compiled by Dow, Jones & Co.
SUMoks
10
10
10
Total
15
20
30
First
Second
Grade
Total
10
Utili¬
40
Indus¬
Rail¬
Utili¬
65
Indus¬
Grade
trials
roads
ties
Stocks
trials
Ralls
Ralls
ties
Bonds
94.63
107.90
104.89
Date8
February
February
February
184.49
53.42
37.55
67.10
104.73
112.28
183.57
52.55
37.32
66.57
104.75
112.22
94.67
107.85
104.88
184.06
52.67
37.45
66.75
104.81
112.27
94.63
107.86
104.90
.
10
11
.
.
HOLIDAY—
12
February
February
13
February
14
182.18
.
52.08
37.25
66.10
104.68
112.15
94.50
107.83
104.79
181.64
.
Bond Record
51.88
37.20
65.90
104.76
112.16
94.34
107.86
104.78
New York Stock Exchange
«»
FRIDAY
and
weex,
when
outside of the regular weekly
range
are
WEEKLY
-
-
YEARLY
of
Cash and deferred delivery sales are disregarded In the week's range, unless they are the only transactions
which they occur. No account Is taken of such sales In computing the range for the year.
case'the month when the bonds mature.
NOTICE—Prices are "and Interest"—except for Income and defaulted bonds.
..
tne
HOLIDAY
"
in a footnote in the1 Week in
shown
The italic letters in the column headed "interest Period" indicate In each
U-T,
Figures after decimal point represent ant or more
32d of a point.
LOW AND HIGH SALE PRICES
Monday
Tuesday
Feb. 10
Batnrday
Feb. 11
Feb. 8
Low
•102.12
High
102.14
Low
Low
High
*102.11
High
*102.10
102.13
Wednesday
Feb.12
Low
High
Thursday
Low
102.12
High
*102.10
102.12
Sales for
Feb. 14
Low
NEW YORK STOCK
1947-1992
1949-1952
1951-1955
1955-1960
1948-1951
Treasury 4'As
102.11
*102.9
106.11
*106.8
106.10
*106.7
106.9
*106.7
*106.7
106.9
Treasury 3 Vis
108.20
108.22
*103.20
108.22
*108.19
108.21
*108.19
108.21
*108.19
108.21
Treasury 3s
*112.11
112.13
*112.9
112.11
*112.8
112.10
*112.7
112.9
*112.8
112.lp
Treasury 27/aS
"106.9
•
106.9
*102.5
102.7
*102.4
102.6
*102.3
102.5
*102.3
102.5
*102.3
102.5
Treasury 2%s
*107.10
107.12
*107.9
107.11
*107.8
107.10
*107.7
107.9
*107.5
107.7
Treasury 2%s
*112.25
*112.28
112.30
*112.26
112.28
*113.25
112.27
*112.25
112.27
*112.26
_
Treasury 23,is
112.28
_
_
Year 1946
Range Since January 1
Lowest
Highest
EXCHANGE
Bonds ($)
High
Range for Previous
GOVERNMENT BONDS
the Week
Friday
Feb. 13
102.22 Jan
Lowest
6
108.21 Feb
4
Feb~~4
110.3
Jun
111.18
Feb
112.6
Feb
3
112.6
Feb
3
112.21
Aug
115.26
Jan
102.6
Feb
4
102.6
Feb
4
102.11
Dec
102.12
107.5
Dec
109.22
Feb
113.12 Aug
115.23
Apr
113.3
Nov
1028.21
-1956-1859
113.3
.1958-1963
113.2.7
*113.24
113.26
113.25
STOCK
*113.23
113.25
*113.24
113.26
Treasury 2%s
*114.28
114.30
*114.26
114.28
*114.25
114.27
EXCHANGE
*114.25
114.27
*114.25
114.27
Treasury 2%s
1960-1965
102.25
*102.23
102.25
*102.23
102.25
CLOSED
*102.22
102.24
*102.22
102.24
Treasury 2Vis
*104.16
104.18
*104.15
104.17
*104.14
104.16
*104.14
104.16
*104.14
104.16
Treasury 2 '/2 s
*105.14
105.16
*105.13
1U5.15
*105.13
105.15
*105.13
105.15
*105.12
105.14
Treasury 2 Vis
Nov
1948
*113.23
*1C5.8
105.10
*105.6 '
105.8
*105.5
105.7
*105.4
105.6
*105.5
105.7
*107.11
107.13
*107.9
107.11
*107.7
107.9
*107.7
107.9
*107.8
107.10
*105.9
105.11
*105.7
Treasury 2Vis
Treasury 2Vis
*105.7
105.9
*105.5
105.7
*105.6
105.8
Treasury 2 Vis
104.26
*104.22
104.24
*104.23
104.25
104.23
104.23
^,000
Treasury 2 Vis
_
*104.12
104.14
*104.9
104.11
104.11
104.11
*104.11
104.13
6,000
Treasury 2 Vis
_
*104.12 104.14
*104.8
104.10
105,9
104.8
.1963-1968
-June 1964-1969
104.23 Feb
104.4
Jan
14
2
6
1964-1969
103.29 Jan
104;2
Jan
30
Treasury 2 Vis
.1966-1971
104.7
Jan
29
June 1067-1972
103.1
104.9
*104.8
104.lp'
*104,10
1.04.12
Treasury 2 Vis
104.6
*104.4-
104.6
*104.6
104.8
Treasury 2 Vis
!r
*104.7
104.9
*104.5
104.7
*104.3
104.5
*104.3
104.5
*104.5
104.7
*102.31
103.1
*102.30
103.1
*102.27
102.29
*102.28
102.30
*102.30
103
Treasury 2 Vis
"106.3
106.5
*106
106.2
*105.28
105.30
*105.28
105.30
*105.29
105.31
Treasury 2 Vis
104.23 Feb 14
104.15 Jan 29
104.4
104.2
104.7
103.5
Jan
Jan
Jan
Jan
13
30
29
29
*102.29 102.31
*102.27
102.29
*102.28
102.30
*105.21
105.23
*105.21
105.23
*105.21
105.23
*105.20
105.22
*105.20
105.22
Treasury 2Vis
Treasury 2Vis
*104.5
104.7
*104.3
104.5
*104.1
104.3
*104.1
104.3
*104.1
104.3
Treasury 2Vis
*107.20
107.22
*107.19
107.21
*107.18
107.20
*107.17
107.19
*107.17
107.19
Treasury 2Vis
'•
105.18
*105.15
105.17
*105.13
105.15
*105.12
105.14
*105.12
105.14
Treasury 2 Vis
102.15
*102.11
102.13
*102.12
102.15
Treasury 2Vis
*102.31
103.1
1C5.1G
103
103
2,000
»
102.17
*102.13
102.14
*102.13
*102.15
102.17
*102.13
102.15
*102.11
102.13
*102.12
102.14
*102.13
102.15
Treasury
*101.1
101.3
*101.1
101.3
*101
101.2
*101
101.2
*101
101.2
Treasury 2s
*102.15
.
*101.5
101.7
*101.4
101.6
*101.4
101.6
*101.4
101.6
*101.4
101.6
Treasury
*102.7
102.9
*102.7
102.9
*102.7
102.9
*102.6
102.8
*102.6
102.8
Treasury
102.17
*102.15
102.17
*102.14
102.16
*102.14
102.16
*102.14
102.16
*102.18
102.20
*102.17 102.19
*102.15
102.17
*102.15
102.17
*102.15
102.17
Treasury
*102.22
102.24
*102.21
102.23
*102.19
102.21-
.*102.19
102.21
*102.28
102.30
*102.27
102.29
*102.25
102.27
*102.25
102.27
*103.1
103.3
*102.31
103.1
*102.31 103.1
*102.19 102.21
*102.25 102.27
*103
103.2
*103.29 102.31
*103.2
:103.4
103.2
*103
*103^
*105.19
*102.4
102.6
*102.4
102.6
*102.4
102.6
*102.10 102.12
*102.10
102.12
?102.9
102.11
*102.9
102.11
*102.4
*101.1.
101.3
*101,7
101.9 ?"•
•Bid
and
*102.29
•102,31 103.1
♦103.1
105.21
102.6
l03.3"
1*105.19. 105.21s'
>101.1 101.2
*101.7
asked
4
'101'#.-
I
price.-
*105.18
*101
f
,
101.8
- a Odd
lot transaction.
Dec. 1959-1962
r Registered bond
105.17 Feb
8
Jan
102.22 Jan
107.19 Apr
107.9
102.11
Jan
102.11
Jan
107.10
Apr
101.16
Jan
106.15
Apr
109.15
Feb
101.15 Jan
106.16
Apr
106.15 Aug
Apr
108.17 Aug
104.22
107.14
Sep
100.29 Jan
Apr
104.16 Apr
102.5
Jan
6
Dec. 1949-1951
Jan
104.7
Apr
102
Apr
Apr
Dec
102.8
Dec
Jan
103.9
Jan
103.7
6
102
103.9
Jan
101.4
102.8
102.5
Sept. 1949-1951
Jan
103.22 Feb
March 1950-1952
—
Sept. 1950-1952
4
102.22 Feb
4
1951-1955
June 1952-1954
_
.Deo. 1952-1954
103.2
103.1
Jan 24
103.2
Jan 24
Jan 21
103.4
Jan 24
104.3
102.20 Oct
104.14
103.13 May
102.14 Nov
404.26 Feb
102.22 Nov
104.29 Feb
Jan
1953-1955
—
Treasury 1%«
Mar
102.16 Oct
103.13 May
102.22 Feb
1951-1953
Treasury l%s
transaction
8
.June 1949-1951
,
Treasury 2s
Treasury 2s
105.17 Feb
Dec. 1948-1950
.
N6v
103'
108.17 Aug
—1947
2s
Treasury 2s
Jan 17
March 1948-1950
Treasury 2s ,
Treasury 2s.
.*102.31
103
June 1959-1962
—
Treasury 2s.
103.1
*105.17 105.19
*105.17 105.19
*100.31 101.1
*100.31 101:1
*101.5, ^01.77: *101^., 1.01:7 .v.."
101.2
*101.6
102.31
*102.31 103.1
105.20
No sales transacted thds day.
%
*102.29
102.31
*102.31 103.1
6
..1954-1956
-1956-1959
2s
2s
*102.15
102.7
*i02.11 102.13
102.24 Jan
29
1951-1953
-—
104.7
107.27 Apr
107.4
Apr
107.9
Apr
106.15 Aug
Jan
.1952-1955
2 Vis
Treasury 2s
Treasury 2s
Treasury 2s
*102.5
1967-1972
Jun
Jun
106.28 Apr
-Sept. 1967-1972
-Dec.
Jan
108.4
Apr
105.22 May
1965-1970
*>104.7
*104.4
*104.10 104.12
*104.6
,
Jan
107.5
108.4
1962-1967
_
*104.24
104.16
*104.14
107.15
105.29 Aug
1956-1958
*104.26 104.28
Apr
106.16 May
1952-1954
-
Feb
106
106
1950-1952
_
Dec
118.23
118.15 Mar
1949-1953
_
Highest
104.27 May
4
..1951-1954
*102,23
104.14 July
102.13 Feb
—
1948
10L2
.1950
101 ;4
Jan" 29
101.2 Jan 29 -101.14 May
Jan-:6:: 101;4 :Jam .6: ; 101.3 ; Sep*. ;
10141 Mar
-102.17-Mar
Volume 165
Number
4569
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW
JOND RECORD
RANGE
Friday"
BONDS
New
York
Stock
Last
Period
Sale Price
or
Friday's
Bid & Asked
Low.
1
Transit
3%
WEEK
ENDING
FEBRUARY
High
Bonds
Friday
Range Since
January 1
Sold
No.
Low
BONDS
York
Stock
New
A Chilean
a 7s
111% 113
74
Last
Period
Sale Price
or
111%
Friday's
114%
Cons
AChinese
A
Munic
7s
3s
(Republic
of
22%
22%
20 %
22 %
lb%
14%
*15%
M-S
1951
J-D
*16
Oct 1961
(Hukuang Ry)
A-O
external
21
$
bonds
J-J
89
A-O
61
6%s
1947
A-O
*48
1946
M-N
*48
1947
F-A
*48
1952
J-D
96
97%
1953
Af-N
94%
95%
1951
M-N
19 %
1949
Af-S
*103%
Mtge
(City) 5s
25-year gold 4%s
ACosta Rica
Cuba
REctor 2-2300
120
York Stock
Broadway,
NY 1-1693
loan
6%
1947
AGtd
1948
A-O
1968
AT-3
(King of Norway)
f AAntlquia
4s
(Dept) coll 7s A
F-A
1945
J-J
*27
s
f
7s series B
1945
J-J
*27
s
f 7s series C
1945
J-J
lAExternal
AKxternal
f
s
f
s
AKxternal
7s series D
7s
sec
sec
1st
1945
series
a
A-O
A-O
AAntwerp (City) external
5s
1958
104'/4
30
25%
25
28%
28%
27%
28%
28 %
24
28 %
25
22
22
22
19%
22
25
18%
22
*21 %
22
*21%
3-D
99%
J-J
109'A
99
100
33
99
10
A-O
101%
101
101 %
25
Af-S
102
102
102
A-O
1949
M-S
6s
1955
J-J
7s
1955
j-d
1941
J-D
fABrazil
(U S of)
Stamped
external 8s
pursuant
Stamped pursuant
1978
3-D
1957
A-O
58
53%
,65
—
1952
J-D
—
A-O
12
29%
Mtge Bk) 7s—1957
(Colombia) 6%s
1954
AAss'td
to
Nov
1943
5,
(US) extl 5s of 1899 £—1949
AAssenting 5s of 1899
1945
52'A
59
69%
1
63%
69%
59
6
51
59
64
65
—
Plan A
to
Nov
5,
AAssenting 4s of 1904
AAss'td
to
Nov
Q-J
100
105
*12%
*12%
J-J
*
1954
15 %
10
13%
11%
J-J
1945
J-J
13 %
fATreasury 6s of 1913 assent—1933
J-J
55%
1
54
56
4
52
56
61%
61%
3
60%
60'A
61 'A
8
60%
62
10
13%
14
♦12'A
to
Nov
5,
J-J
1942, agree_1963
—
57
55
15%
11%
9%
J-J
1942, agree_1963
AAss'td
55%
15%
16%
~9%
J-D
1942, agree_1968
5,
—
*9%
Q-J
1942, agree_1963
AAss'td to Nov 5,
—
M-N
J-J
1942, agree_1968
AMexlco
16
—
11%
101 Vi
29%
Mexican Irrigation—
A4%s assented
14
12
J-D
114%
AAssenting 4s of 1910
*64
105
96
111
65
58%
101
1
105
105
A Jugoslavia (State
58
59
2
'100'/a
AMedeUin
62
A-O
A-O
1960
10 %
107%
51%
1979
101 %
101 %
12'/a
1
108
1
69%
paid
107 »A
19
69%
—
101
101
2
49%
106%
58
A-O
105
100
*22
M-N
65
1957
105
J-D
Haiti
64%
59
M-S
Irish Free State extl s f 5s
61 %
55'A
J-J
1949
—1949
100
4
59
J-D
102
101%
101 %
101% 101%
2
64 %
A-O
(Int reduced to 3.5%)
1978
funding bonds of 1931 due__1951
Stamped pursuant to
part
AAss'td
(Central Ry)
Stamped pursuant to
1%
64%
—
1979
Stamped pursuant to Plan A
(Int reduced to 3.375%)
101%
101 %
*101
8
108
114% 114%
Plan A
to
(Int reduced to 3.375%)
A External s f
6%s of 1927
A7e
108
*101
A-O
102
98'A
*107'A 107%
114%
to Plan A
(Int reduced to 3.5%)
A External s f 6
Vis of 1926
101%
1
101% 101'/a
101
28
154
A-O
1967
7s
7s stamped
M-S
1969
A-O
101% 101%
100
(Republic of)
1961
(Republic) s f 6s series A—1952
Helsingfors (City) ext 6%s
1960
99%
f
102%
101%
13
101 %
I
101%
97'A
10
101% 101%
14
F-A
s
97 %
100
*101% 103
1969
series
A6s part paid
102 %
99
2d
A-O
14
9
s
42
1962
*12
100% 100 %
External
10
100
101% 102%
99%
—
100%
External
e90
99
102
—
J-D
Belgium external 6%s
1
Greek Government—
109%
1956
1966
e90
F-A
AEstonia
104
M-N
:•
115%
1968
108 %
103%
100%
1956
107 %
ii5
113
1964
14
38
M-S
10-year
*107
104'%
114%
104%
J-J
6%s
101%
103% 103%
1957
A-O
1
—
113
A-O
6s
104%
112'/a
—
114% 114%
1942
French Republic
7s unstamped
109% 109%
External 5s of 1927
External g 4%s of 1928
3%S
extl
*101%
1955
A7s
Australia (Commonw'lth) 5s of '25-1955
3'As
20-year
20'A
—
*103'%
A-O
1960
Customs Admin 5%s 2d series
5%s 1st series
28%
30
28%
A-O
f 7s 3rd series__1957
103%
—
283/a
J-J
1957
1957
f 7s 2d series
s
to
«....
—
fADominlcan Rep Cust Ad 5%s—1942
IA 1st series 5 Via of 1926
1940
|A2d series sink fund 5%s
1940
"73
*103%
lAExternal
AExterial
J-J
617/a
——
*73
lAExternal
•
F-A
J-D
1953
External gold 5%s
External gold 4%s
AGtd sink fund 6s
Akershus
1949
1977
extended
lADenmark
Foreign Govt. A Municipal
Agricultural Mtge Bank (Colombia)—
6s
4%s
ACzechoslovakia (Rep of) 8s ser A-1951
ASinking fund 8s series B
1952
Stamped assented :(int reduced
to
sink fund
7s
4%s external debt
Sinking fund 5%s
Teletype
York
-
(Rep of)
(Republic of) 5s of 1914
External
Exchange
Now
Bank
Copenhagen
Wertheim & Co.
23J/a
89
1970
ASinking fund 7s of 1926
ASinking fund 7s of 1927
Foreign Securities
High
of)—
Jan 1961
f
s
tow
*80
5s.
1927
AColombia
New
January 1
No.
M-S
I960
6s of 1928
A 6s
Members
Range Since
Sold
High
1960
assented
Colombia
Telephone
Bonds
Bid & Asked
Low
New York City
1980
Week's Range
Interest
Exchange
High
Unification Issue—
Corporate Stock
14
Week's Range
Interest
Exchange
FOR
Mlnas Geraes
(State)—
external s f 6%s
1258
Stamped pursuant to Plan A
(Int reduced to 2.125%)—2008
Plan A
_
(Int reduced to 3.375%)
1979
External $ bonds of 1944 (Plan
B)—
3%s Series No. 1
3%e Series
No.
No.
3
Series
No.
4
3%s
Series
No.
5
3%s
Series
No.
6
—
2
3%s Series
3 "As
A-O
3%s
Series
3%e
No.
Series
*60%
—
—
64
61%
62
62
62
62
62
5
—
c
3%a
Series
No.
9—
3%s
Series
No.
10
334s Series No.
11
3%s Series
334s Series
No.
12—
57 %'■ e58 %
No.
13
57'/a
334s
Series
No.
14
334s
*58%
Series
No.
15
334s
Series
No.
16
334s
Series
No.
83%
83 %
82%
83
*58%
—
83%
82%
—
60
e58%
*58%
17
Series
No.
18
*58%
334s
Series
No.
19
334s
Series
No.
20
334a Series No.
21
334s
Series
No.
9
57'/a
57
58
57
a--.
62
Series
No.
No.
Series
No.
25
334s
Series
63
--
65
—
24
334s
*58%
23
Series
*58%
No.
58 %
Series
No.
Series
No.
334s
Series
No.
Series
No.
—
Brisbane
(City) s f 5s
Sinking fund gold 5s
Sinking fund gold 6s
Buenos Aires
AOs
1957
1958
s
J-D
1961
Af-S
1977
4'/«-4%s
Af-S
58
57%
10
57%
54 V*
57
57%
5
57%
57%
5
57%
A4%s
62
—
30
99
99%
99%
1
99%
100'A
>92%
ABxtl
ABxtl
Sep 1961
Sep 1961
Mortgage-Bank
A6%s
6 Vis—
A634s
For
assented—
footnotes
sea
mmmm
108%
——
page
*20'/a
21
21
24
18%
21
1947
29 %
29%
28
29 %
1968
1950
1963
21%
21 '/2
19%
s
f 7s
assented
fund gold 8s
*20'/a
2006
(City of Greater) 7%s—1952
29%
21%
21%
21%
19
21
42
30
33
30
38%
38%
38%
39%
32
32
32
33
*100% 108
106
106
1946
*39
42
38
39
2001
*32
34%
32
33
37
37
39%
34%
30'A
35
1953
37
2019
*30
'
110%
81
82
24%
23
24
25 V4-.
24%
24%
23%
25%.
23
25
ii%
24%
24%
23
25%r\
25%
25 %
24%
26
24%
24%
23%
M-S
24%
23%
26
24%
24%
23%
25
23%
>
24%
FOREIGN
'■
vj
SECURITIES
FIRM TRADING MARKETS
'I
A-O
A-O
For Financial Inetitutione
%V
26
24%
>
1963
Af-N
24%
Af-N
1963
1957
*24%
J-D
J-D
23
—
J-D
25%
25
2?%
23%
23%
f*ARL MARKS & P.O. INC.
V/eajhmbJi"IImmmhhehmbmV#eeebemmei
: ' 24%^
22
FOREIGN SECURITIES SPECIALISTS
23%'
23%
2434
23%
25
23%
J-D
23%
23%
23%
23%
22%
1961
A-O
23%
23%
23%
23%
-A-O
__
23%
23%
24
24
9d
"*23%
24
2234
50 Brood St., New York 4, N.
94.
—
2434
1962
Af-N
1962
Jf-N
2234
Telephone HAnover 2-0050
25
961.
iMKAii
"
*•*"
'*
21%
*24'/8
*19
109'A
109*
.1961
-assented.
1940
1958
loan
Stamped pursuant to Plan A
(Int reduced to 2%)
M-S
1962
1961
AGuaranteed sink fund 6s
A€a
J-J
.
1961
assented
AGuaranteed sink fund 6s
A6a
F-A
-1957
assented
Sinking fund 634s
94
24%
J-J
-1962
assented
-
5!4%
F-A
Jan 1961
assented—
85
A-O
—Jan 1961
sinking fund 6s—
*75
M-N
Feb 1961
.
f 6s_
20%
M-N
A-O
AExternal sinking fund 6s
AOs assented
A
J-J
Feb 1961
assented-
A6s
2
1960
AExternal sinking fund 6s
A6s
12
110% 110%
1942
sinking -fund 6s
s
108% 108%
110%
.I960
A6a assented
A6s
108%
J-J
1954
ARy external
A-O
1942
AOs assented
A Chile
94
1961
AExternal sinking fund 6s
20 %
15
(City of) 8s_.
Stamped pursuant to Plan A
(Int reduced to 2.375%)
AExternal sec 6%s
101 '/a
2
assented
20%
15
20%
A Rio de Janeiro
100'/a
6
7s
16'A
20%
Stamped pursuant to Plan A
(Int reduced to 2.25%)
100 %
101%
f
20%
18'A
A4%s assented
100%
Af-N
A7a
.
A4%s
AExternal sink
A Prague
100 %
J-J
s
37
20
1966
1975
External
36
18'A
AExternal loan 7%s
1984
8s
99% I
105%|
1961
102%
3% external
(Rep)
99%
105%
16
45
102%
3
A Chile
c
ivt-Vs
40
101%
__
102%
99%
Carlsbad
*38
*31
*32
99%
__1960
Vr
*38
99%
3'As
2008
1961
99%
4s
Jf-8
—
2001
99%
Canada
1947
99%
*104
Alegre (City of) 8s
Stamped pursuant to Plan A
(Int reduced to 2.375%)
99%
F-A
94
jf-a
♦10O i"
99%
1959
f 6s 2d ser
A Porto
A-O
101
100%
1967
assented
AStabillzatlon
—
1970
94
100%
:j
i;'<V *'•
Jf-N
J-D
101%
—
1970
1 $ bonds
104
1017/a
—
Refunding s f 4'A-4%s
External readj 4%-4%s
External s f 4%-4%s
s
103
104
104
105%;
58'A
58 'A
100
103
1963
lAPoland (Rep of) gold 6s
*98
100
102 %
58%
(Province of)—
f
105%?
♦102% 103%
105%;
f 6s 1st ser..._1960
s
57
57%
*102
s
57
64 %
*102%
—
104 %
-1994
external 7s
ANat loan extl
57%
*100 %
F-A
1950
stamped
External
Af-S
(Rep of)
ANat loan extl
1
58'A
*58%
APeru
9
58 'A
30
58
57%
57%
58%
57%
29
334s
104%
-1955
(State of) 7s
Stamped pursuant to Plan A
(Int reduced to 2.125%)
57 '/a
57 %
*58%
28
f 5s
APernambuco
64
57%
27
334a
104%
105%
105% 105 '/a
(Republic)—
57%
—
*58%
__
26
334s
58%
57%
*58%
57%
57%
57
58
__
s
AStamped assented 5s
Stamp mod 3'As ext to
Ext sec ref 3%s series B
56%
*58%
105%
105
..1970
Panama
57
—
*105
..1965
58
57%
63%
—
35
..1956
Municipal Bank extl
58
57
♦39
♦32%
39%
33%
..1963
—
Oslo (City) sink fund 4%s
58
1
Mi-M
—
External sink fund 4'As
4s sink fund extl loan
83%
62
35
*32%
1959
Norway (Kingdom of) 4%a
58
—
22
334s
334s
83 %
82%
*58%
334s
83%
61%
57%
57 V8
*58%
—
10
85
83%
1
68%
83%
85 %
—
39%
33%
*39
2008
f 6%s
s
lf-i
Stamped pursuant to Plan A
62
68
—-
ASee external
(Int reduced to 2.125%)
60%
60 y2
63
73
—
8
61%
85
*60%
*68
—
-
7
No.
61%
A Sec
Y
Teletype NY 1-971
THE COMMERCIAL &
Monday, February 17, 1947
FINANCIAL CHRONICLE
58
NEW YORK BOND RECORD
RANGE
WEEK
FOR
FEBRUARY
ENDING
14
Friday
Friday
BONDS
York
New
Bid & Asked
Low
Stock
York
Last
Period
Sale Price
Exchange
Week's Range
or Friday's
Bid & Asked
Bio Grande do Sul (State of)—
A8s extl loan of 1921—...»
-*1946
Stamped pursuant to Plan A
(Int reduced to 2.5%)-1999
external sink fund gold--—1968
Stamped puriuant to Plan A
AOs
reduced to 2%)—*—*2012
external loan of 1926——*1986
Stamped pursuant to Plan A
(Int reduced to 2.25%)
2004
A7s municipal loan
1967
Stamped puriuant to Plan A
(Int reduced to 2.25%)
2004
-
(Int
45
*40
A-0
1934
Bush
33%
3 7'/a
32
4
33%
33'/a
36
*36
Terminal
—1952
30%
30%
1
30
37
37
4
37
4s
Ss
A~0
103_
102%
103
95 '4
1955
j-j
95'/4
41
94
1960
a-0
105% 105 "2
14
105
106
1976
j-d
105'/a 105 %
7
104%
105 Va
1974
*
Bldgs 5s gtd
u-n
106% 106%
1
106'/a
106 »/a
9
107%
113
20
119
120%
24
113'/8
113%
114'4
114'4
119
119%
94%
30%
J-D
37
U-n
1st
Consolidated
Bush Term
39
327
30
39
High
Low
No.
40
of deposit
A Certificates
J-D
a-o
t A 1st a Coll 58
40
38
--
January 1
Sold
IBurlington Cedar Rap A Nor—
37:
Range Since
Bonds
High
Low
High
Low
No.
High
New
January 1
Sold
Interest
BONDS
Range Since
Bonds
Friday's
or
Period
Exchange
Stock
Last
Interest
A7a
«ASan Paulo (City) 8s
1952
/*?•,.
Stamped pursuant to Plan A
(int reduced to 2.375%)—2001
f———1957
A6Ya» extl secured 8
Stamped pursuant to Plan A
(Int reduced to 2%)
fASan Paulo (State) 8s
Stamped pursuant to Plan A
(Int reduced to 2.5%)—
1999
1950
A8s external
Stamped pursuant to Plan A
(Int reduced to 2.5%)
1999
water loan
1956
Stamped pursuant to Plan A
(Int reduced to 2.25%)—2004
A 6s extl dollar loan
1968
Stamped pursuant to Plan A
(Int reduced to 2%)
20i2
IA Secured 8 f 7s
1940
Stamped pursuant to Plan A
(Int reduced to 3.5%)
1978
A 7s extl
Serbs Croats a Slovenes
A8s secured
5
A 7s
external
(Kingdom)—
1962
1962
-1958
1958
extl
series B sec
A Silesia
extl 7s
(Prov of)
assented
A4MtS
1957
Sydney County Council 3%s
AUruguay (Republic) extl 8s—*
1946
1960
AExternal sink fund 6s
1964
3%ft-4-4ys% ($ bonds of 1937)—
External readjustment
1979
External conversion
.1979
sink fund 6s
AExternal
*31
1978
1978
1984
.1958
3%-4'/a 4As extl conv
4-414-4%s extl readjustment
3y«s extl readjustment
.
AWarsaw (City) external 7s—
A4%» assented
,
__
*31
40
—
1958
Adams Express coll tr gold 4s
Coll trust 4s of 1907
1948
1947
1967
Alabama Great Southern 3'As
Alabama Power 1st mtge 3'As—JL972
Albany a Susquehanna RR 4'/as~1975
Alleghany a West 1st gtd 4s
1998
Allis-Chalmers Mfg 2s debs
1956
Am a Foreign Pow deb 5s
2030
American Telephone a Telegraph
3s conv debentures
31
38%
California
38
38
Power
Guaranteed
36
*32
**
31'/a
61
*2
31 »/B
61
37
61
T-j
36
36
48
Jf-N
gold
gold
Guaranteed gold
Guaranteed gold
Guaranteed gold
3s
1902
1957
Oct 1969
1970
1955
1956
1951
4%s
4'As
4'As
a-o
120% 120%
113% 113%
113%
J-J
*114% 114%
j-d
119% 119'/a
119% 119%
119 %
j-j
a-0
_2
6
F-A
M-S
112'/a
104 %
107
108'4 108'4
66
Cart
1981
F-A
*72
1965
A-O
I960
f-a
*103%
1948
J-D
*77'/a
A Adir 1st
gtd gold 4s
Celanese Corp 3s debs
65
55 'A
63
119%
111%
19
106% 107
106%
Can Pac Ry \% deb stk perpetual
Carolina Clinch a Ohio 4s
1965
F-A
64'A
67
j.j
j-j
m-s
117%
—
*112 Va 112'/2
--
64
66
J-J
Celotex
A
*59 A
Corp 3'As debs
Cent Branch U P 1st gold 4s
53
j-j
53
55
59%
53
j-j
60
60
S A 1st mtge 5s_..
JAConsol gold 5s
55
85
87'A
75
65%
86
86 %
A-0
54%
86 Va
j-j
50
ARef a gen
A Ref a gen
AChatt Div
Nov 1945
.1945
5'As series B
1959
5s series
1959
pur money gold 4s__1951
78
—
75
A-0
11%
9%
10%
11%
*10%
9Ve
10%
*10%
Jf-N
*21
27
257/8
J-D
21'A
16
J-J
ioi y4101 %
A 5s
20%
F-A
A 4s
j-J
98%
26
98
99%
2
95%
95'/a
99 %
20
f-a
F-a
102
21 '/a
17%
14
4
17
INDUSTRIAL COMPANIES
100%
*100% 103
m-s
J-D
108 '/«
13
107
107
100
2
100% 101
108
Jf-3
Co.—
10
10 0'/4
107% 108
M-S
109'%
31
32
32
1
26
105 %
_4
1942
*48 3
51%
b
106 Va
105
27
105 %
105
*107
__
26
106
105%
107
106%
106
Co—
(partial redemption)
35
26
*26
107
51 '4
48
__
J-J
1958
j-j
1977
64
107%
*103% 104%
f-a
4'As series
ref
A
B
1985
1970
__
f-a
A Gen
101'/4
108%
1956
1980
M-S
130%
130% 131
129
101%
101% 101 Va
145
101 '/b
A-0
101% 102 %
101%
J-J
Chicago Gt West 1st 4s series A
1988
AGen inc mtge 4%s
Jan 12038
103%
1986
Chicago A Erie 1st gold 5s
103 %
1975
46
1985
1982
128 %
114
2
114 %
36%
114%
102
88
104
100'4
99
42 Va
35 Va
204
38%
88
37
114'4
112%
8
99 % 100
Jf-N
112%
11
__
114%
114
46
37
77
*102'4 103%
—
__
__
__
46
44%
44%
F-A
J-J
107'4
126'%
1
124
88 Va
84 %
1
140
140
*138
140
84
85
7
80
85
J-J
84
54%
54
55
45
47
55
J-J
62
62
10
57
62
41
42
26
38
45'4
Jf-N
133'/a
F-A
„_1997
mtge inc (conv)___
1st mtge 3%s ser B
142%
107
105'/a
128'/8 128 '/8
*122
j-j
F-A
140%
105 %
*107% 108
j-j
A-0
1
2
106'4 106 %
u-n
104
103%
—
142
142
M-s
Chicago A Eastern 111 RR—
104,aM07
9g%it 100
1
100
__
a-o
12
F-A
1st & ref mtge 3 yes
1st A ref mtge 2%s
104
104
„
108 Vj 109 Va
109 %
J-J
39
F-A
1st
*104
a-0
39%
37%
1974
stamp
40
38
gtd gold 48,1949
a Banking
40'/a
38%
37%
J-J
86
31
52
a ref series A
General 4s
100%
*100%
M-N
108
82 "2
79%
Champion Paper a Fibre deb 3s
1965
Chesapeake a Ohio Ry—
General gold 4'As
1992
Ref A impt mtge 3'As D
..1996
Ref A impt M 3'As series E
1996
R a A Div 1st cons gold 4s
._1989
2d consol gold 4s
1989
IA Chicago A Alton RR ref 3s
1949
Chicago Burlington a Quincy RR—
90
19%
1
108
4
108
108
108
106
6s
97
99'/a
90
20
17
__
95%
7
88
27
100
96
1
99%
*84
j-j
98 Va
96 %
97%
26
--
--
J-J
1987
(4'A% to Aug 1 1949)*
98
64
64
*22'/a
--
16%
12
*66'4
"a-0
1st
98%
f-a
84
1987
4s
registered
IA Central RR
j-d
9
16%
Central Pacific 1st ref
Jf-N
17'/a
%
16
1974
*115
Jf-N
67'/a
12%
17
16 %
Central N Y Power 3s
101%
101 'A
*115
Jf-N
58 %
67'/a
16
A-O
A-O
registered
AGeneral
*120
Jf-N
87
64%
17'/a
196S
1961
1987
1987
t A Central of N J gen gold 5s
26
*17%
J-D
102 %
77
Central Illinois Light 3'As
tACent New Eng 1st gtd 4s
Jf-N
102
97 '4
67 Va
J-J
81
76
-
3
A-O
1946
lAMobile Div 1st gold 58—
103%
102 %
u-n
J-D
104%
103%
__
78
103%
8
103% 103%
F-A
108%
108
1
78%
J Central of Georgia Ry—
2%s debentures
2%s
debentures
101%
98 3
22
98%
618
98%
A Anglo-Chilean
J-D
1962
1969
3s debentures
A-O
104%
104
A-0
105 Va
105% 105 3
1967
1995
Nitrate deb
Ann Arbor 1st gold 4s
Q-J
104%
*95
—
4
98%
98%
98%
Jan
98 %
99
1181/4 119 %
4
118%
1961
debentures
conv
Amer Tobacco Co deb 3s
102
Chic
106 %
Milw
97'/a
94
__
9
Atchison Topeka a Santa Fe—
General 4s
Adjustment
gold
Stamped 4s
a Charlotte
Atlanta
1995
1st
2nd
—1964
General unified 4'As A
Atlantic Refining
129
25
118
M-N
116%
mtge
116 %
3
conv
1948
1948
1966
4s
2%s debs
Ry—
inc 4'As__Jan 11999
19"89
ser B
118%
106%
1st 5s
redemption
1927
1988
4s
A Certificates
of
1934
29
105%
107%
8 A Refunding
108
11
105%
108%
§ A Secured 4'As series A
1952
41
6
35'A
41
AConv
27
3
26
28%
1960
1951
26
26
J-J
107%
40%
41
J-J
J-J
Apr
Apr
gold 4s
gold 4'As
Chicago St L A New Orleans 5s
102%
11
1027/8
Baltimore a Ohio RR—
1st mtge gold 4b
July 1948
Stamped modified bonds—
1st mtge gold (int at 4% to
Oct 1 1946) due
July 1948
Ref & gen ser A (int at 1% to
Dec
1
1946)
due
A-O
A-O
1995
j-d
j-d
Sep 1 1946) due
2000
Ref & gen ser F (int at 1% to
Sep 1 1946)
A Conv
due
1996
due
Feb 11960
Pgh L E & W Va System—
Ref gold 4s extended to
1951
S'west Div 1st M (int at 3ya%
to Jan 1 1947) due
1950
Toledo Cln Div ref 4s A
1959
Bangor a Aroostook RR—
Con ref 4s
i
4s
m-s
99'/a
'
99% 100%
Chic A West
—
71
73 %
71
73%
f-A
57 3
57
59
M-N
95%
95%
96%
4
J-J
89
89
89
J-J
95%
95'4
95%
J-J
J-J
1951
A-0
96
—
A-O
74
t A Choctaw Ok & Gulf cons 5s
84%
Cine Gas & Elec 1st mtge
2%s
1975
}§AChilds Co deb 5s part paid
101
Cincinnati Union Terminal—
63
73 3
284
49'4
59
36
93%
98
Cleve Cin Chic
73%
i
Jf-N
J-J
1976
M 1st M 5s series H
M-N
1967
Boston a Maine 1st 5s A C
68
4
21
86%
89
5
91 %
95%
96
96%
9
95%
9 8'/a
98%
98%
1
98'4
99
--
102%
__
99%
102% 102 %
—
128
128%
99
12
M-N
80
99%
*100
101%
101%
*102% 102%
*100
99
102
103
103
103
103
100
104
1st gold 4%s series JJ
1st mtge 4s series RR
1961
A-O
*94'4
98
1960
J-J
88%
87%
89
53
87%
91%
AInc mtge 4%s ser A
July 1970
M-N
63%
63'4
65
84
56'4
65
43
44
lABoston & N Y Air L 1st 4s
1955
F-A
Bklyn Edison cons M 3y«s
Bklyn Union El 1st gold 5s
Bklyn Union Gas 6s series A
1966
Jf-N
1950
1947
F-A
*10002
1969
M-S
4a
s
f
debentures
Gen
mtge 27As
1978
Buffalo Niagara El 1st mtge 23As-1975
Buffalo Rochester a Pgh Ry—
Stamped
modified
(Interest
3% to May I, 1947) due
For* footnotes
see
page
M-S
Jf-N
25%
25 Va
27
j-d
8
106%
107 Yt
3
100'A
102%
Jf-N
103
103 'A
16
102 y4
104
1957
Jf-N
70%
70 Va
72
34
66%
72
104 %
M-S
34%
343
34%
A-O
*76
Jf-N
104%
A-O
F-A
103
87%
j-d
98
j-d
105
108%
106%
34 3 s
5
34
34%
1
1977
1st & ref 4%S—...1951
Conn River Powr s f 3%s A_—..1961
Consolidated Cigar Corp 3%s_._.1965
Consolidated Edison of New York—
3'As debentures
—-*-1948
3%s debentures—
._195S
3%s debentures
1958
107 Va
104%
105%
106%
122%
104 %
82
4
6
99
88
97 Va
98%
77
82%
--
115
57
5
14
6
76%
92
108%
OO 0
95
109%
108
107%
15
107%
108 %
109
23
106'8
107%
105% 106
36
105 'A
106 'A
106 %
63 %
46
55'/a
63%
106%
3
105%
106%
109%
110%
*104
a-o
*109'/a 110'/a
M-S
*115
F-A
13
108'/a
109%
105'/2 106
103%
*103
28
105%
108"
100'/a 100%
109
17
100%
102
103 'A 103%
*103% 104
18
102'/4
103 %
104
104%
108% 109
*108
J-j
106
A-0
A-O
j-j
107 %
63
Jf-N
A-O
105
99
87%
98 1
104%
106'/a 107 %
A-O
f-a
34 %
76%
102%
20
107:%
A-O
F-A
34%
112 %
104%
F-A
M-S
34
71
80
;104
M-N
A-O
104
1061
109% 109%
j-j
85
106%
105 s
94 3 8
M-N
93%
2
98
j-d
100
10
94%
1980
27%
—
112
104
F-A
A-O
5 7 31
104
106%
107% 108
106%
j-J
1948
1950
1961
1972
1973
1977
106
106 % 106%
;
108
76 %
Conn Ry a L
107 %
91
80
82%
101%
101% 101%
107
89
76 %
Columbus A H V 1st
L
91
81%
104%
J-J
91
-85
91
99%
99'.a
76:
1991
1990
1970
4
104
81'
Columbia Gas & Elec
1st mtge 3s series
—
99%
j-J
A-O
213
327
*98
j-J
J-J
48%
'102% 104
j-j
100%
104% 104%
107 %
modified)
78%
53'.;
46
1977
103%
44
at
961.
*42
gtd
gtd 4'As
Cleve Union Term gtd 5'As
1st s f 5s series B gtd
1st s f 4'As series C
Colorado & Southern Ry—
4%s (stamped
80 1:
44
57%
—
3'As gtd
Series D 3'As
Cleve Short Line 1st
80
j-d
3'/eS debs—1971
extl gold 4S..1948
Columbus A Sou Ohio El 3'As
1970
Columbus A Tol 1st extl 4s
1955
Commonwealth Edison Co—
*106
Jf-N
—
A
Cleveland A Pittsburgh RR
66%
72%
7
1993
series B-_
impt 4'As series E
Cin Wab & M Div 1st 4s
St L Div 1st coll tr gold 4s
Cleveland Elec Ilium 3s
Ref
Series C
128'4 128%
*99%
5s
1993
gold 4s
General
59
109
66%
53%
& St Louis Ry—
General
*100
__
M-S
1955
1969
1974
1966
1961
1st mtge gtd
101%
—
--
78%
*
3%s series E
2%s ser G
City Ice A Fuel 2%s debs
City Investing Co 4s debs
63
100
Bethlehem Steel Corp—
1970
D
75
4
71%
Bell Telephone of Pa 5s series C—1960
Beneficial Indus Loan 2'As
1961
Cons mtge 2%s ser I
Cons mtge 2%s ser J
ref 4'As series
1952
1962
63'4
126
84 %
73 '4
Indiana conv 4s
§AOebentures 5s part paid—,
71%
71
&
1963
1963
83 "4
100 '4
78%
78%
j-j
1943
1957
1952
vU
CO
41
84'4
71'/a
m-s
1951
Beech Creek Extension 1st 3'As
101
78 "a
51%
j-j
1st mtge
1951
stamped
95%
69
154
55 Va
1994
1st
(Int at iys%
due
1995
Ref a gen ser D (int at 1% to
Ref & gen ser C
to Dec 1 1946)
99% 100%
99%
64%
83
66
J-D
Chicago Union Station—
1st mtge 3'/8S series F
1st mtge 27/8s ser G
88%
56%
*101%
j-d
2%-4'As
82%
220
51 %
1951
Income
38
64%
81
81
88%
55%
1951
105%
62 %
a-o
Chicago Terre Haute A S'eastern Ry
1st A ref M 2%-4'As
1994
B
105 %
28
305
Gold 3%s
99
98 Va
—
87
F-A
J-J
98%
105% 105%
62%
J-J
Memphis Div 1st gold 4s
102% 102%
J-J
105%
Apr
deposit
108
108
J-D
*98
—
stpd
Railways
partial
AGeneral
__
1994
107
M-S
J-J
JChicago Rock Island A Pacific Ry—
106
118%
*106%
M-N
25%
J-J
RR—
4s ser A
t§ A Chicago
131%
116%
130
*117
Ry—
1963
July 1952
mortgage 33As
Atlantic Coast 1st cons 4s
Atlantic a Danville Ry 1st
Second mortgage 4s
129
Nov
Line
Air
129:
A-0
July 11995
July 11995
4s
Pac
J-J
A North Western
Chicago
5'/a
&
mtge 4'As inc ser A Jan 1 2019
conv inc ser B
Jan 1 2044
4'As
99
Paul
St
1st mtge
Gen
C
inc ser A
mtge 4'A
Chicago Ind A Sou 50-year 4s
105%
105 'A
1983
2003
1956
4s inc ser A
mtge
A 2d
119%
104
.
27
A 1st
100 V2
116
61
t Chicago Ind a Louisville Ry—
1st mtge 3s
;
112% 113
112%
j-j
68
2%s
.
1st
5s
5s
Guaranteed
debentures
2%s
.
Elec
Calif Oregon Power 3'As
Canada Southern cons gtd 5s A
Canadian National gold 4'As
—
--
1
38
38
Jf-N
RAILROAD AND
,
38%
38%
32
*37
J-D
*31
2012
1936
31
103%
(Volume
165
Number
THE COMMERCIAL & FINANCIAL CHRONICLE
4569
959
NEW YORK BOND RECORD
RANGE
FOR
WEEK
ENDING
FEBRUARY
14
Friday
Friday
BONDS
New
York
Interest
Stock
Last
Period
Exchange
Sale Price
or
Friday's
Low
lAConsol By non-conv deb 4s_^_1954
a Debenture
4s
A Debenture
4s
Consumers
Power
.Continental
Crucible
1st
Deposit
1965
1966
mtge
3'/8s
1st 5%s
105 %
J-D
3-J
receipts
Low
35%
43
~4
37%
42%
36%
41%
32
104%
106 %
43
42%
__
104
M-N
—
61
64%
*62
Stock
Sale Price
Week's Range
Last
Period
Exchange
or
104
61
Friday's
HI Cent and Chic St L & N O—
Joint 1st ref 5s series A
A
1st
Deposit
A7%s
A 6s
5s
43%
57
91W
98
1963
J-D
90
90
91%
33
85%
91%
1963
4%s series C
1st ref mtge 4s ser D___
J-D
85
85
85
12
82%
_1970
1st gold 4&L——1950
*99
3-J
J-J
Indianapolis Union Ry Co—
Ref & imp 2'/2s ser C
101%
J-D
1946
1946
*44%
45 %
*44
J-D
—
__
1
97 y8
98
48
55%
65%
26%
29%
98
211/4
30
55
57%
18
51
57%
28
52
101 % 101%
72
99%
44
A
A-O
26%
43%
A 1st 5s series B_
1950
J-J
55
1950
J-J
55%
55%
Adjustment 6s series A
July 1952
1st
gold 5s series C
§Alnternat Hydro El deb 6s
Iht Rys Cent Amer 1st 5s B
Dayton Pr & Lt 1st mtge 2%s
.1978
1st
A
&
ref
M 5s
Income
Morris &
Coll
mtge
Essex
25
M-N
97'A
97'A
97%
43
M-N
88%
88 %
88%
1
J-D
M-N
James Frankl & Clear 1st 4s
*57
—
101 a8*
101 A
2
997/a
28
101 3®2
103
101 S3
104%
97%
94'/a
Jersey Central Pow & St 2%s_j__1976
May 12042
Power & Light 3s
{Denver & Rio Grande RR—
§Aist consol 4s
61%
1973
A-0
193Q
_
J-3
SAConsol gold 4'As
ZIl936
IDenver & Rio Grande Western RR—
A General s f
5s
1955
83
53
—
--
88 %
„
tpm
J-J
1990
A-O
City Southern Ry 1st 3s__1950
92%-
MS
Jones & Laughlln Steel
A-O
90%
93
93
103
103 % 103%
104%
103-
.*104% 105
103%
104
58
108 %
5
65
66%
211
67%
—
68 V*
53%
55
33
108 "4
—
65
J-J
61%
60
108
61'A
impt 5s series B
series
1978
58%
66%
Kanawha & Mich 1st gtd gold 4s
59
68'A
Kansas
P
..1963
Gen & ref mtge 3%s series G
Gen & ref 3s series H
F-A
6
5%
6
105
5%
8%
5%
5%
6%
155
5
8%
59%
113
A-O
58 %
A-0
53%
60%
22
107%
108%
108%
107% 108
20
107%
109%
65
8
62%
65
54
54
104
a
'*106
107 3
4
108%
104
105
6
104%
104%
103% 104
30
103 %
104
104
8
104
104
104% 104%
1st mtge 4s ser A
Kansas City Terminal Ry 23As
1975
A-0
1974
A-0
Kentucky Central gold 4s
Kentucky & Ind Term 4%s_.
Stamped
1987
3-J
.1961
J-3
*62
1961
J-3
1961
J-3
*112%
Plain
104
104
*122% 126
122
122
71
65
104
M-S
1970
3-D
J-D
107%
65
65
*52',4
60
M-N
108'/4
109
M-S
1 § A Dul Sou Shore
J-3
& Atl
gold 5s__1937
Duquesne Light 1st M 3s
1965
108%
J-D
Detroit Term & Tunnel 4l/2s
1961
Det Tol & Ironton RR 2% ser B__1976
Dow Chemical 2.35s
1961
-
92%
93'A
100% 101
J-3
34%
10634
M-N
68%
108
108
112%
unguaranteed
4'As
112%
180
__
16
35
100'A
3-J
1997
A-0
*181% 184%
Koppers Co
1st mtge 3s
{AKreuger & Toll 5s ctfs
1964
1959
A-0
*104% 104%
1997
1997
J-D
mtge income reg
1975
Lehigh Coal & Navigation Co—
S F mtge 3%s ser A
1970
104%
180%
105 %
3%
10
2%
3%
103%
4
101%
103'/a
3%
m-a
94'A
101 '/a
50
31%
26
107%
1961
Kings County El L & P 6s
Lake Sh Ac Mich Sou gold 3%s
1966
Detroit & Mackinac 1st lien
gold 4S.1995
A Second
gold 4s
1995
1
*107
103%
109
107'
107 'A
K
109%
F-A
Assented
Detroit Edison 4s
1959
100 % 100%
—
59%
59'A
102'A
—
104% 104 34
1993
due
3-J
M-N
>
104%'
104
.1952
101%
*
division
tr 4-6s
A Ref <fe
103'A
104
104
-103'A
104%
-1973
C
ser
Delaware
A
A-0
J-D
A-O
63
A-O
International Tel & Tel 4'/2s__
Dayton Union Ry 3148 series B___1965
Deere & Co. 2%s debs
1965
Delaware & Hudson 4s extended
1963
Delaware, Lack St West RR Co—
N Y Lack & Western div
1944
.1972
101%
64%
—
J-J
99%
98
43%
44%
J-D
_
,
9
62%
44%
1988
{International Great Northern RR—
A 1st 6s series A
1952
85
98% 100'/a
98
51
86%
43
9
100%
101% 101%
48%
_
High
98
43%
43 %
_
Low
96
85%
4
87%
43%
B deposit rets
51
*85%
receipts
A deposit rets
ser
ser
50%
51
_
gold
No.
96
A
ACuba RR
Range Since
Sold
High
J-D
1963
1st & ref
Ind 111 & Iowa
Bonds
Bid & Asked
Low
Illinois Terminal Ry 4a ser A
103
—
York
High
__
*101% 101%
Interest
BONDS
New
January 1
No.
104% 105%
3-J
1942
debs
*40'A
__
M-S
1952
3s
X A Cuba Northern By
A
J-J
mtge 27/8s__1975
42'A
——
Range Since
Sold
High
*40%
J-3
1956
1st
Baking
Steel
3-J
1955
Bonds
Bid & Asked
106'A
36
107%
3%s registered
103
103
—
98
98
1
98
99%
Deo
81
81
81
6
80%
88
A-0
101
101
101
100 'A
101
—
100%
100%
100'/4
101
J-D
Lautaro Nitrate Co Ltd—
A 1st
East Tenn Va & Ga Div
Ed El 111 (NY) 1st cons
Elgin Joliet
El
1st 5s
1956
M-N
*121
gold 5s
& East Ry 3 Vis
1995
1970
3-J
*155
1965
A-O
110
1965
A-O
*110
Paso & S W
5s
1st 5s
stamped
*
MS
105 Va
120%
121
105%
121'A
105 %
Lehigh Valley Coal Co—
—
112%
109%
112%
113
5s
112%
115
Erie Railroad Co—
Gen
mtge
inc
■
4'As
mtge 3'As
ser
mtge 3%s
ser
P
1st
mtge 3yes
A
E
1st cons
2015
cons
1st cons
2s
Ohio Dlr
ser
1st
79 'A
J-J
1964
series
1st cons
A-O
79 'A
102
81
101
75
81
102
2
102
1990
mtge 3'As
94 Va
94%
2
93
92
92%
9
92
94
MS
M-S
1954
1964
.
*100% 102 V*
IT-A
*86%
86%
1964
stamped—
5s
*100%
r-A
.1974
stamped-—
1954
1950
5s
A 1st & ref 5s
A
100'A
100
.r
*100%
1961
series A
M-N
1959
J-D
__
1974
MS
1956
M-N
65
65
65%
coll trust 6s
100 »A
Lehigh Valley N Y 4%s ext
105'A
105 %
Lehigh Valley RR—
4s stamped modified
.2003
4s registered
2003
4'As stamped modified.
2003
4'/3s registered
2003
5b stamped modified
2003
Lehigh Valley Terminal Ry ext 5s_1951
Lexington & Eastern Ry, 1st 5s
1965
Liggett & Myers Tobacco 5s
1951
Little Miami gen 4s series A
1962
Long Island unified 4s
1949
Guaranteed ref gold 4s
1949
4s stamped
1949
Lorillard (P) Co deb 5s
1951
3s debentures
1963
Berg Co cons 5s_,
1949
Realty & Utilities Corp—
General
a 4s conv
Goodrich
lnc debs
(B F)
5»/2s
General
5s
General
4'/2s
4'As
67
23
101
63'A
1
65
8
105
65%
105
M-N
1947
B
1952
J-3
Il976
J-J
J-J
E
1990
72%
65 %
106
116%
81
IO6.12
116%
3-J
115%
131
1
126'A
106 A
106 '/a
4
106 ^2
37%
42%
35%
41'A
41%
45%
42'/a
42%
43
50'A
50%
51%
A-0
79
79
l-O
*128%
*103'/a
77
101
104%
Maine Central RR 4%s ser A
1960
104 %
1966
J-D
Mead Corp
64
1
02
64
9
41
8
9
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew & Drain 5'As
1950
{§AMet West Side El (Chic) 4s__1938
64
8 %
86
86 'A
102 %
101
98
103%
102 %
6
84
86%
101%
3
100
101%
72%
108
100% 100%
5
101%
71
61%
iH O O
72'A
101%
1st mtge &
Michigan
1st mtge 3s
1951
Jack Lans & Sag 3%s
1st
Ref
impt 4%s
Minn St Paul &
J-D
1949
M-N
1957
88
J-J
1962
F-A
88
83%
A-O
13
83%
7
85%
45
63 %
79
*109'A
__
58 3
89
101'/2 101 %
__
4
19
58 %
19
100%
101%
139%
9
*139'/8
M-N
1970
Feb 1957
100% 101 %
101
J-J
139%
88
100%
82
109%
23%
160
53
18%
89%
101%
86%
109%
63 %
23%
1st
Central
i
1951.
1st
gold
3s
*101%
A-O
*101
1931
gold
4s
M-S
1952
Purchased lines 3'As
Collateral trust gold 4s
Refunding 5s
40-year 4%s
A-O
1955
4s
M-N
1.1952
J-J
*68%
101
__
99 %
101
98
101%
100%
99% 100
F-A
Bridge gold 4s
1950
Div 1st gold 3s
1951
Louisville Div & Term gold 3'/2s_1953
J-D
Omaha Div 1st gold 3s
St Louis Div Ac Term
gold 3s
Gold 3'As
1951
F-A
1951
1951
J-J
*97%
3-J
*98'A
Springfield Div 1st gold 3Vis
Western Lines 1st gold 4s
Registered
1951
J-3
Cairo
Litchfield
see
page
961.
195J
84
__
__
96%
1966
99%
99%
9
99%
15
102% 104
83 %
108
104%
78%
1
100 %
F-A
1
108
100%
98
-
—
ref 5s series F
ref 5s series G
gold 5'As
A 1st & .ref gold 5s series H
A 1st & ref 5s series I
114%
—
116
103%
—
103%
104
104
115
115%
104%
105%
107
107%
107
108%
17
_
97
98'A
103%
103'A
111%
_
111%
5s
92%
19
4
71%
101
77
101%
90%
92%
103%
4
103%
103%
105%
101%
21
26%
106%
101
106
26%
—
102%
105
93%
94%
56
5
19
109%
102%
95
110%
49
56
95
95
94%
96%
J-J
55%
54 %
55%
65
49
55%
J-D
91
91
93'A
42
88
951/4
94
95
13
88
96
83%
17
30%
85%
82%
86%
150
73
82%
40
78
85
J-J
1962
J-3
82
82
*85%
6
86%
J-3
1967
A-O
82
79 %
82%
1965
f-A
81
81'A
83
M-S
35%
34%
38%
372
32%
39%
M-S
81'A
81%
83%
146
78
85
1949
1980
1981
1955
Constr M 4%s series B
1955
Mountain States Tel Ac Tel 2%s—1986
Mutual Fuel Gas 1st gtd 5s
—1947
M
54%
3-J
gtd bold 4s...1991
Monongahela Ry 3'/4s series B
1966
Montreal Tramways 5s ext
1951
Morrell (John) & Co 3s debs
1958
Morris & Essex 1st gtd 3'As
2000
Constr
77
101
110'/a 110'A
110%
M-S
A-O
series A
81'A
83
43
765
21
32
83
38
77%
84%
83%
106
77%
85
78
28
31
81%
81%
M-N
27
82
M-N
78
'
A-O
81%
F-A
MS
105%
F-A
3
22
74%
84%
78
105%
105%
102%
*103
M-N
77%
103
103
105% 105%
*100% 101%
3-J
103%
61%
62%
65
57%
63
M-N
71 %
72 %
28
69
72'a
M-N
65'/a
66
29
61%
68
M-S
*99%
100%
M-N
*_.
105
99
99
62
3-D
100%
101'/a
108
97
N
100
100
97
97
Nashville Chattanooga Ac St
Louto—
1888
debs.1970
National Steel let mtge 3a
1965
{ANaugatuck RR 1st gold 4a.
—1954
1st mtge 3s ser B
National Dairy Products 2%a
.
__
*101
'100%
80
100%
98%
__
*101% 105
52%
74%
84%
100%
*98
102
100'A
105
108
*.._
96
100%
100'A 100%
J-J
100
16
84%
J-3
__
100
11
M-N
104
100
89
M-N
103
Moh'k & Malone 1st
...
101%
1955
footnotes
105%
100% 100%
1953
For
103%
*104
J-J
1951
sterling
trust
J-J
I95i
Extended 1st gold 3'/2s
Collateral
15
RR—
gold 4s
gold 3'/2s
Refunding
104 'A 105
'100%
MS
*93
1975
1977
1978
General 4s
AConv
104%
46 %
1978
adjust 5s series A___Jan
RR Co—
& ref 5s series A
ACum
&
2 6'A
M-N
{Missouri Pacific
A 1st
J-J
2
•101% 102
f-a
1962
4s series B
Prior lien 4'As series D
40-year
A 1st Ac
I
106
M-N
A-O
J-3
Jan 1971
Jan 1991
1990
Missouri-Kansas-Texas RR—
Prior lien 5s series A
A 1st
'103
Sault Ste Marie—
mtge 4%s inc ser A
mtge 4s inc ser A
Mo Kansas & Texas 1st 4s
A
1981
38
,h
*72'A 100
M-N
1979
series C
Michigan Cons Gas 1st mtge 3%s_1969
{§ AMidland of N J 1st ext 5s
1940
1st
92%
1952
gold 3'As
&
76%
101
M-N
Central—
AGen
M-S
97%
97%
3-D
96%
43
£
M
99
mtge 25/8s__1976
Hocking Valley Ry 1st 4y2s
1999
JgAHousatonic Ry cons gold 5s
1937
—
*111% 118
91
Hackensack Water 1st
—
M-S
97
—
2
5
14
108% 108%
M-N
89
M-N
*107 Va
A-O
4
71
~2
115
1955
44
A-O
5
—
103% 103%
115
104 7/8 105%
1980
98 %
1976
103%
Cine Div 4s
90%
J-J
103% 1037/a
103%
2003
ser
98%
1969
M-S
M-s
P-A
2003
series P
2%s
Div 2d
89%
2044
--
G
3%s
ref M
J-J
2015
3
115
*118
gold 3s
ref M
J-J
8U
..
33
M-S
fcS
coll 4s ser B
1954
Manati Sugar 4s sink fund—Feb 11957
A Manila RR (Southern Lines) 4s
1959
Feb
115
A-O
M-N
2
—
A-O
&
Louis
M-n
101
H
1st
82
3
102
6
Illinois
75%
51
8
4
Telep 23As series A
13
96
9
102%
Illinois Bell
76
82
42
83
103
AAdj income 5s
69
45%
98
102 %
1st 5s A
9
39%
103
1C2%
Hudson & Manhattan
76
41
97 %
A-O
Household Finance Corp 2%s
Hudson Coal 1st s f 5s series A
Hudson Co Gas 1st gold 5s
84%
44'A
3-D
103
38
Feb
2%s
3
106%
J-J
1st M
87
85%
39%
129
1959
Gulf States Util
—
RR—
1961
i
87
—
44%
m-N
131%
129
1975
w
87
87
86%
2
87
82
—
M-N
1966
3%s_:
Nashville
&
1st
St
&
2010
Gen mtge inc 5s series A
1st & ref 3%s series D
87
—
117 %
15
137
Gulf Mobile & Ohio 4s series B
B
Louisville
Atl Knox &
103'A 104
104
J-J
—_
ser
81%
103%
—
Greyhound Corp 3s debs
4s
77
102%
129
J-J
1982
ctfs B
mtge inc
105%
*131
__
__
3-J
2000
Gen mtge 2%s' ser Q
Gen mtge 2'As ser R
A Green
Bay & West deb ctfs A
Debentures
11
15
*101%
J-3
1973
D
C
series
•
80%
3-D
1977
series
105%
__
102% 102'
M-S
Gen mtge 3'/0s ser N
Gen mtge 3'/8s ser O
Gen mtge 2%s ser P
Gen
105 3a
1st
1969
series
series
*10134
J-D
Co 1st mtge 2%s_1965
Grays Point Term 1st gtd 5s
Great Northern Ry Co—
General
105
104%
100%
16
105'A
Louisville Gas & Elec
Gas & Elec of
a
105
*100'2 102
Certificates of deposit
Francisco Sugar
—
75
r-A
•
Firestone Tire & Rub 3s deb
{Florida East Coast 1st 4'/2s
__
85
85%
1974
Leh Val Harbor Term gtd 5s
V-\
*83
k
94 '/a
J-3
1971
H
J- J
2000
G
stamped
ref sink fund 5s
1st Ac ref sink fund 5s__
102
1953
ser
1954
—
1st &
-
-
1st & ref sink fund 5s
__
99
101%
f-a
J-D
A-O
M-N
99
103%
8
103% 103%
6
105% 105%
16
*101%
—
98% : 89%
103%
104
105
106
101
-101
'/a
I
4V%;1
THE
Monday, February 17, 1947
COMMERCIAL & FINANCIAL CHRONICLE
%
NEW YORK BOND RECORD
RANGE FOR
;
Interest
BONDS
"
or
Last
Friday's
Exchange
High
Low
Consol Gas
Newark
106
1948
1945
5s
eons
IJANew England RR gtd 5s
I a Consol gtd A*------—
New Jersey P & L 1st mtge 3s
New Orleans Great Nor 5s A
ACertificates
A let 5s
A 1st
5Vis
105%
84 Va
87
series
ACertificates
1954
3Vis
Lake
registered
Shore
coll
gold 3 Vis
89
91
2
86%
88
81%
147
73'A
81%
82%
298
75
82%
92'A
103
83%
92'A
96%
96%
18
93
98
*91'A
93'A
91
N Y
N Y
3s
81%
80
76
*73 Vi
77
77
*72
75
o
—
75'A
—
81'A
73'A
33
73%
3'As series D
72'A
Mtge*4s
Mtge
N
4s
Y Lack
4Vis
gold 3%s
series
series
&
101
4s series
102% 103'A
61
Low
High
106'A
102%
103%
125
126
107 Va
108
103% 103%
103'A
105%
104% 104'A
104
104%
102%
104%
103%
103%
108
103'A
1967
2%s
M
*131
__
108
*103% 104
103% 103%
12%
1964
F-A
14%
9%
14%
11
1937
11
11%
11
103%
*104% 104%
104 »A
U5%
115%
121%
120
120
Series J cons guaranteed 4'As—1964
Pgh Cine Chicago & St Louis RR—
Gen mtge 5s series A
—
1970
Gen mtge 5s series B_
,1975
Gen mtge 3%s ser E
1975
*118
122
4'As
cons
Plttsb Coke Si Chem 1st
mtge 3'Af-1954
Consolidation Coal—
Pittsburgh
1st
mtge 4'As series B-
107
105%
107
110
gen
1st
gen
Co
110
72 %
1st
Si
ref
Si
ret
rat
Sc
105 'A
90%
90
90%
89%
90%
'103
*125
*118%
100
107
99
107 %
109%
108'A 108'A
10
*160
108%
108%
164
102%
--
109'A
162
*109%
1965
17
110%
*98
-1955
15%
18
*157/i
.1957
—
107%
*111%
-1877
.
100%
107
100
-1965
103 'A
*240
.2037
8s—
mtge
105
90%
3s—.— .1973
.2037
5s
mtge
1st
101%
104 %
105
'104%
.1977
mtge
1st
102%
100 %
5100% 101%
1949
Public Service El St Gas 3 Vis——
85
102%
.1964
tAProvidence Terminal 4s
79
80
79
*83
li-N
.1960
1st M 3%s
1st mortgage 3 Vis
Improvidence Securities 4i—
'103
103%
103
102%
.1974
Inc deb
5'A
Pwr
127'A
102% 102%
102 3 4
-1963
5s series B
5s series C
El
125%
123%
1959
—
1st 4%s series D
APittston
Potomac
121%
123% 123%
1950
1st
117
122
123'A
.1950
1st mtge 4'As series B
Pitts & W Va 1st 4'As series A— -1955
105%
105'A
*115
.1965
—
Pitts Steel 1st mtge 4%s
103 %
106%
—
124%
I
1st
105'A
*103%
*__
•
102%
1973
A
B
Range Since
January 1
106%
High
No.
*118
'106
110
Sold
1983
103
1973
West
series
99 »A
101'A
105'A 105'A
2043
Bonds
107
*126%
1974
1981
mtge 4'As series C
Pitts Young Si Ash 1st 4s ser A.
103 3A 103%
2000
B
ref
&
Series
97 Vi
95
106 3A 106 3A
1063A
2043
A
101%
99'A
36
—
105% 105%
1966
102 =
1971
2%s
M
tiAPhilippine Ry 1st a f 4s
ACertificates of deposit
Phillips Petroleum 23As debs
77
72'A
102'A
102 '/■
-1065
1st lien & ref 3'As series E
ref
&
1st and ref 2%s
3'As debentures
75
6
—
99'A 100'A
99'A
102'A
N Y Gas El Lt H Si Pow gold 5s—1948
Purchase money gold 4s
1949
N Y Si Harlem
94%
1988
Connecting RR 2%s ser B—1975
Dock 1st gold 4s
1951
N Y Edison
99'A
99
99
1980
P
ser
*106
F-A
1977
1964
94
1998
1998
Chicago Si St Louis—
mtge 3'As ser E
1st mtge
1st
97 'A
93'A
New York
Ref
1874
5Vis
Pgh Cine Chicago & St Louis Ry—
Series E 3'As gtd gold
1949
Series F 4s guaranteed gold
1953
Series G 4s guaranteed
1957
Series H cons guaranteed 4s
1960
92
90
14
97%
80
1998
Friday's
or
Bid & Asked
92'A
89
80%
1998
Mich Cent coll gold 3 Vis
3 Vis registered
89
—
89%
1997
3Vis registered-
—
41
9 6'A
2013
1997
River 3 Vis
86'A
83
81'A
80
Sale Price
Marquette Ry 3%s ser D——1980
1st
90
1998
impt 5s series C
N Y Cent Si Hud
106 7/s
97
2013
Si Pekin Union Ry
General gold 4%s series C
Philadelphia Co coll tr 4%s—
Phila Electric 1st Sc ref 23As
*
87
96 Vi
97
—-
N Y Central RR 4s series A
Ref St impt 4Vis series A
A-O
--
1
00 t—
—
deposit
Ref Si
90
90
1955
A
of
90'A
89
■»
I
deposit—i
Week's Range
Last
Period
Exchange
Phila Bait & Wash 1st gold 4s—
General 5s series B
——1974
105'A
105 'A
17
1955
of
104%
4
106 Va
deposit
4Vis series D
A 1st
104
of deposit
ACertificates
103'A
108'A
104'A
108
__
0
1954
of
--
*81
1935
123%
—
120
106
Mexico Ry-~
5s series C
ACertificates
109 VA
124 VB
105 Va
1953
Stock
81'A
108'A
104
106
of deposit
ACertificates
A 1st
77'A
2
108%
1983
series B
2
0
1974
IANon-cum inc 5s series A
15
© 00
123%
1953
INew Orleans Texas &
82 %
77 'A
© OS J?
"*1
N O & N E 1st ref & imp 4%s
New Orleans Term 1st gtd 4s
Pere
84
80
82
1J61
1986
RR gtd 1st 4s
York
Low
Peoria
106
106
1
New
High
Low
No.
106
77%
1953
New England Tel & Tel 5s A
1st gtd 4 Vis series B—N J Junction
Friday
Interest
BONDS
Range Since
January 1
Bonds
Sold
Stock
York
New
14
FEBRUARY
Week's Range
Friday
W-4'{ :t
WEEK ENDING
IN Y New Haven & Hartford RR—
ANon-conv
deb
4s
deb
3 Vis
*
1947
ANon-conv
deb
1955
42%
trust
ADebenture
4s
A 1st
6s
series
of
_
General
50 Vi
42 »A
51
75%
70
76 %
19%
15%
20%
46%
39'A
47'A
77
39
1937
*__
*11
18
Norfolk Southern Ry Co—
A Gen mtge 5s conv inc
2014
38%
38'A
Norfolk Si Western Ry 1st gold 4s_1996
North Central gen Si ref 5s
1974
Gen Si ref 4%s series A
1974
135%
135%
*
1943
_
15%
38 »A
43%
135%
132'A
135%
135
126 'A
126'A
Coll trust 4'As
Northern States Power Co—
128
128
128
112
109%
113%
109 »A
109%
74%
--
71'A
76
*72'A
99%
68
73%
98'A
*
1st
1st 4%s
Francisco
mtge 4s ser
1st
71 Va
95%
.1934
2%s
101 %
102%
101% 102 Vi
100'A
102'A
103'A
102%
Oregon-Washington
RR 3s
ser
105%
104'A
105%
91%
91'A
92
432-
86V#
92%
56 %
55 Vi
57 Va
.736 '•
47%
57 VA
90
*90
100
100
~i
16'A
105'A
18
102
19
si»J
83
85
71
81%
81
87 Vi
ctfs
85
84
Nov 19*9
1952
gold 5s series A....1990
*112
__
44
43
1941
1971
1915
65
1995
2015
*
129%
130%
—
100%
102%
1013A
101% 101%
101
102%
105%
105% 105%
105% 106
L-.
It
11
*
-'
100 Vb
1975
2Vis
99 3i
100 Vi
76%
68%
76%
19%
19 'i
19'A
95%
96
94 'A
86 %
99%
99'A
98 Va
99%
80
1941
1965
*103
99'A
99'A
*
99%
1261/8
1975
debentures
1985
102%
79
—
ill
Si ret.
Pacific Tel
]r
St
2%s
Tel
N
ser
P
ser
2%s
Paducah Si 111 1st
f gold 4%s-
1955
109%
107'A 108%
107% 109
107% 109'A
102% 104
102% 103
102% 104%
104% 106%
108
__
108'/a
104
Paterson Si Passaic G Si E cons 5s_1949
l^ail
108
105'A 105%
103
.1986
s
108% 109
102% 102%
1985
;27As debentures
108%
107'A
107% 107%
108%
1981
debs
Southern
107
107'A 107%
.1977
1st
108%
107
107
.1979
1st & ref mtge 3s
r
51108%
106%
1
—
—
106%
Co—
(Oregon Lines)
4'As —
A.— —1977
1969.
...1981
Gold 4Vis
—1950
San Fran Term 1st 4s
f
:Southern-Pacific
RR
.—1989
27As ser E.
1st mtge 2%s series F
1st mtge 2Vis ser G—
—
'Devel
<fc
gen
Devel 'Si
gen
Devel" &
gen
1st
4s series A.
6s—
1959
v
ti,
Wi
v
}
;
;
3Vis conv inc debs
1960
Pennsylvania Co—
Gtd 4s series E trust ctfs
1952
Pennsylvania Glass Sand 3'As
1960
Pennsylvania Power Si Light Co—
1st mtge 3s
-1975
i 3s a f debentures
1965
Pennsylvania RR—
A-O
61
56%
'108
'102%
105
105
61
294:
108%
—
105
108
/
sterl stpd dollar
Cons sinking fund 4'As
General 4'As series A
V 4s
11
IConsol gold 4s
!v; V
\
1948
...
•'
..
'•■H#,'
r
11
mtge 4 Vis series
Conv deb 3'As
Gen
vjtge 3Vis
ser
Peoples Gas L Si C
104
103%
104%
104
Southwestern Bell Tel 2%s debs
122'A
122% 122%
2
114% 115'A
115
113%
122
122%
15
122
116'A
18
115
118 Va
101% 102%
101%
103%
114%
113 */2
116
119 Vb 119%
118%
120
115%
116%
105 Va
105'A
102%
104%
114'/2
116% 116%
*105% 106
103
1989
*
54 VA
103%
19
47
55 Va
105
*105% 107
94 VA
128
54
105'A
98%
99 Vb
101%
98%
101% 101%
98%
Terminal RR Assn of St Louis—
115'A 115%
25
115'A
118'A
102% 103'A
73
102%
103%
99% 100 Va
41
99
101
Ref Si imp M 4s ser C
Ref & imp 2%s series D
Texas Corp 3s deb
2
101
101%
Texas & New Orleans RR—
102%
100
101
1960
75
75%
Apr 1990
124%
89%
101%
125%
115
1947
M
38
page 961.
94'A
93 Vb
86%
118 Va
122
1985
.
"
93%
103% 103%
__
114'A
1952
6s
92
92'A
86'A
125% 125%
101 %
ASpokaneTnternat 1st gold 4Vis—2013
Stand Oil of Calif 2%s debs
1965
Standard Oil (N J) deb 2%s
1971
Sunray Oil Corp 27As debs
1866
1984
E
F
rex
see
106%
98
100
106'A
92
125%
—1951
1981
AIncome 4s
footnotes
105
106%
86 Va
1995
1965
Peoria Si Eastern 4s ext
For
a
104%
gold 5s
St Louis Div 1st gold 4s_.
102%
95
96%
105%
*93»/a
92
1959
6Vis.
1960
1
General 4'As series D
Gen
I
io
*103%
108
Mem Div
106 %
•
1968
*
t General 5s series B
II
104% 104'A
May 11948
64%
104%
--
103% 103%
^ ;
56%
106 'A
104%
96%
101
98
1959
—-
96
97%
97
108 %
102'A
101%
96 Va
97'A
.—1961
•
107 Vi
96%
96%
...1999
Southern Ry 1st cons gold 5s.. ...1994
•
Pennsylvania-Central Airlines—
101
101 Va
Co—
1st mtge
—
106%
Pacific
1st 4'As
Gold
96'A
1st mtge_ —1994
103%
100'A
99
—
102% 103
102%
93
80
80
103%
*108'A
1963
South Sc Nor Ala RR gtd 5s
100'A
74%
75'A
& Sons 2 Vis debs 1969
Union Oil 2%s debs
1971
Southern Indiana Ry
1974
1st Sc ref M 3s series M—
-
-
c
b? '
L
130%
*18%
100'A
1935
2% debentures
series
44
38
*106%
Air Line RR Co—
mtge 4s ser A
Skelly Oil 2%s debs
Socony-Vacuum Oil
3s
ref M 3s
i 102%
102
102 Vb 102%
Southern Bell Tel Sc Tel Co—
1st Sc
100
81%
bond
tiASilesian-Am Corp coll tr 7s
107'A
1975
108%
92
97
87'A
Shell
18
106% 107
102
Pasiflo Gas Sc Electric Co—
1st St ref mtge 3'As series I——1966
1st St ref mtge 3s series J
1970
1st &.ref M 3s series K
-1971
90
90
89%
*87
106%
18
1
18
104% 104%
104%
.1999
certificates
Vis BScioto V Sc N E 1st gtd 4s
104%
105% 106%
A—1960
Oklahoma Gas St Electric 23As
I
15%
13
13
Seagram (Jos E)
107
12%
1997
-2022
A
St Paul Union Depot 3
JOgdensburg & Lake Champlaln Ry—
1948
13'A
"4
Ry Co
AGen mtge 4%s ser A
IA Seaboard All Fla 6s A ctfs
1975
51 Va
12 V4
76 Vi
inc
4s
Seaboard
1974
44 %
85
1st
.A 1st
guaranteed 4s__
Ohio Edison 1st mtge 3s
1st mtge 2%s
26
72
fit Paul Si Duluth 1st cons gold 4s_19€9
104 '/a
102% 103%
106%
110
51'A
50
50
AGen Si ref
.
101% 102%
*102'A 104
—1984
1I0
108%
1571
1995
1995
1951
4'As ser A—*
bdnd
4s
a 2d
103
101%
1975
3'As
109 Vi
~7
107 Va
8 A 1st term & unifying 5s
100
101%
1974
*
.1969
JiASt P & K C Sh L gtd 4'As
1st mtge 23As
73
58
108% 108%
*109'A
.1967
{St Louis-Southwestern Ry—
76
100'A
25
101 Va 102%
Louis-San
2nd mtge
■
1978
36
--
.1967
Saguenay Power 3s ser A.
St. Lawr Si Adir 1st gold 5s
2d gold 6s
fit L Rocky Mt <fc P 5s stpd
St.
128
98%
71
20'A
42
*108%
.74%
114
108%
111
*
103
10414
1~5~'A
108%
19
*126 'A
128
114
.1977
.1949
lARut-Canadian 4s stpd
IlARutland RR 4%s stamped— .1941
40
99%
97%
103
22
70
.1949
65
--
Elec
—
registered
-1997
Gen lien ry & Id gold 3s
Jan 2047
3s
registered
2047
Ref Si impt 4'As series A
2047
Ref St impt 5s series C„_
2047
Ref Si impt 5s series D
2047
mtge
107
112 %
113%
98
95
_
18%
4s
1st
lT
108% 108%
--
Northern Pacific Ry prior lien 43-4.1997
mtge
105
35
1940
33'A
39
39
1937
1946
1st
Si
tiAR I Ark Si Louis
1968
(Wise)
& cbll trust 4s A.
Gas
Corp—
Gen mtge 4'As 6eries D
Gen mtge 3%s series H
Gen mtge 3'As series I.
Gen mtge 3%s series J
104 %
106
cons
Rochester
177
104%
106'A 107
107
1963
3 Vis
.
72
77
107
§ A Terminal 1st gold 5s
ISA N Y West & Bost 1st 4Vis
(Minn)
102'A
103 Va
103
*105
Niagara
Power
97%
*103 VB
A 1st
5'A
103'A
R
1960
Copper Si Brass 3%s
SiARlo Grande West 1st gold 4s_ -1939
14
4'A
4%
4 Va
1993
JI AN Y Susq & W 1st ref 5s
J A 2d gold 4 Vis
J A General gold 5s
103
W
Reading Co 1st Si ref 3 Vis ser D. .1995
104'A
10%
13
12
4%
1965
gtd 4s
102
104'A 104'A
13
N Y Power & Light 1st mtge 2%s_1975
N Y & Putnam 1st cons
N Y Queens El Lt Sc Pow 3Vis
N Y Steam Corp 1st 3Vis
.1954
Quaker Oate 2%s deb.
Revere
1955
Falls
42
40
4 4'A
_
_
43'A
3 5'A
18%
.
45
1927—1967
4s
43 »A
37
75
18%
t A Harlem River & Port Chester—
jgj. 4g
1954
JAN Y Ont & West ref 4s__-June 1992
A
37
47
47
1940
1957
& ref 4Vis
43 Vb
40
1948
JACollateral
41%
42
1956
AConv deb 6s
41
35 'A
42
—1958
ADebenture certificates 3 Vis
43
35
43
40
40%
37%
40
*38Vi
1954
4s
ANon-conv deb 4s
43
41
*36
1947
ANon-conv
ANon-conv deb 3 Vis
101
19
1
120% 122%
65%
75%
1st
34
39
1st Si ret M 3%s ser C
Si
ret M
3 Vis
ser
B
2019
1985
1965
1970
1990
*128'A
105 Va
107'A
128%
*102%
97%
105 Vi
106 Vi
107'A-
102
—
98
128%
104%
—
104% 105%
107'A 107'A
23
102%
97
98%
-tl
Volume
Number
165
4569
THE COMMERCIAL & FINANCIAL CHRONICLE
961
NEW YORK BOND RECORD
range:
Friday
Interest
York
Stock
Exchange
Last
Period
bonds
New
Week's Range
or Friday's
Sale Price
Bid & Asked
Low
Texas & Pacific
1st
2000
Gen & ref M 37/«s ser ■
Texas Pacific-Missouri—
J-D
1985
gold 5s
J-J
103%
week
ending
February
14
Friday
Bonds
BONDS
Range Since
Sold
Low
1
130%
132
19
102%
104
103
New
January 1
No.
High
132
for
103
132
103'% 103%
York
J-D
1960
Third Ave Ry 1st r«f 4s
1974
J-J
'103%
100%
—
100
100 %
60
A-O
63%
C2
68 %
491
59%
J-D
98 %
98%
98%
5
M-8
'104%
Trl-Contlnental Corp 2%s dabs—1961
Jf-S
'101% 101%
.
or
Friday's
Walworth Co conv debentures 3%S-1976
Ward Baking Co 5%s debs
Jf-H
January 1
High
No.
Low
98%
98'a
21
96%
1970
a-o
F-A
Washington Terminal 2%s ser A-.1970
F-A
Westchester Ltg 5s stpd gtd
Gen mtge 3%s
1950
j-d
„_1967
j-d
107
106
107
'56
Q-Jf
101
59%
101
101%
101%
~7
103
*»~
1st mtge & coll tr 2%n
tSAUnlon Elev Ry (Chic)
111% 111%
106%
108 %
109%
9
104%
ho
101%
103%
1952
a-o
105%
105% 106
2014
May
102
101% 102
1953
Jf-N
1851
j-d
I960
Jf-S
A
ser
Funding & real estate 4%a.
25-year gold 5s
30-year 5s
A-0
A-O
'29 Va
1967
J-J
104 % 104 %
1
104%
J-D
104
104
4
102%
104
Westinghouse El & Mfg 2%s
J-J
101
101h
101
101 ii
West Shore 1st 4s guaranteed
2361
debentures
106
106
103%
106'%
Registered
Wheeling & Lake Erie RR
2361
F-A
A-O
1976
Af-N
Universal Pictures 3%e debs
1959
101
M-9
1966
Jf-8
104
*
33
98 Vi
98%
'
18
9
98%
—
'100
98%
102%
Gen
103'A
1
100%
102
97
46
103
100
102
8
100%
100%
1951
debentures
&
ref
M
2%s
4s
series
Virginia Electric
&
A
1955
.
1970
Jf-S
—1958
A-O
1st
mortgage 3s
1st 4s
,_1960
1995
1031
103 Vi
J-J
104%
100
100
14
1
'109 Va 112
A-O
105
Af-N
103%
104%
100
~6
105% 105'%
1
103
101%
102%
70%
76 Va
72%
.12
*
72
•
100 %
': 104%
104'%
100 >
104%
~3
104
21
104 Va
'117'/a
105
"
j-j
Jf-N
2%s
1976
j'd
Public Service 3%s
Yonkers Elec Lt & Power 2%s
1971
j-j
1976
j-j
.
of
Electric
.71
70%
72
*__
..
-
—
21
73
23
•
70 %
82 Va
_
44
19%
23%
15
100%
101%
--
23%
100
100V2
deposit
Power
100% 101
1
*109
•
*100
"
101
103
.
105%
105 '/a
106%
Deferred
a
Included, in
delivery
the
included
sale
not
year's range,
in
the
year's
n
included
In
tb*
Under-the-rql*
range,
y
year'®
a ale not
d Xx-!&t*r*st.
rang*.
•
Included in th* year** rang*.
Ex-coupon.
•
-
_
no!
Odd-lot *ai*
rCash «al*
-
>
.
.
^Negotiability impaired by maturity. tTh* price represented la th* dollar quotation par 800pound unit of bonds. Accrued interest payable at th* exohanga rat* of $4.8484.
rr Co—
mtge 4s inc
Gen
mtge inc 4 Vis
1st
mtge 3 Vis
A
ser
Jan 1981
Jan 1991
B
Apr
Apr
1971
ser
r-A
B
ser
V:;,;.'
117%
109
W
Gen
*■jf
105%
117%
—
7:'
106%
-
100
104'/a 104%
—
72%
66%
106
*100
'
'if
102%
6
100%
109
105%
86%
87
/;
14
*106
_
.
1949
Wisconsin
Af-3
_
...
j-j
1936
ACertificates
Af-S
,
76%
75
.
not
Wabash
%}
87%
79%
,
1
£
76'/a
75
72%
ms
.
Co
Wisconsin
Power C6—
& ref mtge 2%a ser E
1975
Iron Coal & Cok* 1st
gold 5s__1949
Va & Southwest let
gtd 5s
__2003
1st cons 5s
1958
—.
60
*102% 102%
102% 102%
ms
Wheeling Steel 3% series C_
Wilson &
M-N
1st
ser B
114
86%
102
F-A
1957
Va
Virginian Ry 3s
81
85%
75
1949
§ ASu & Du div & term 1st 4s
cons g 4s series
f 4s series B
85%
84
ms
1992
A
ti A Wisconsin Central 1st 4s.*
A Certificates of
deposit
s
83%
84%
.
M-N
1971
Winston-Salem S B
Cons
84%
js
1976
1991
United Biscuit 2%» debs
U S Rubber 2%s debs__
Vandalia RR
85
js
*103
2%
mtge 2Vis series C
73
85%
113V*
104%
1970
i
-
1st & land grant 4a:
Ref
108% 108%
111% 112%
103% 104%
M
107 %
"5
108%
1947
2%s debentures
Union Pacific RR—
103
113%
j-j
1945
5s
'5 101%
103'
1
1966
1975
Union Oil of Calif 3s debs
2%s
111%
i
60
«
113% 113%
*106%
Western Maryland 1st 4s
Western Pacific 4%s inc
Af-N
,
107%
113%
Western Union Telegraph Co—
_1971
08%
*
101
'
„
U
ol Mb 3%s
High
u
60
101
*—
—
106
17
West Penn Power 3Vis series I
Union Electric Co
Range Since
Sold
100
104
98%
-
l**
Warren RR 1st ref gtd gold 3%s_.2000
Washington Central Ry 1st 4s
-1948'
69
Bonds
Bid & Asked
Low
100 %
98
104
__
Sale Price
High
98%
AAdj Income 5S
Jan 1960
Toi & Ohio Cent ref & lmpt 3%s~1960
Trenton Gas Se Elec 1st gold 5s
1949
Last
Period
Exchange
(subordinated)
Pac Tenn RR of New Orl 3%s
Week's Range
Interest
Stock
92
92
1
88
89
40
101 =
15
101%
90%
92
84
the
^Companies reported as being in bankruptcy, receivarahlp, ar reorganised under B—ttoa TT *f
Bankruptcy Act, or securities assumed by such companies.
89
100%
'Friday's bid and asked prices;
selling flat.
102%
sal** being transacted during current week.
no
ABonds
NEW YORK CURB EXCHANGE
WEEKLY
.
NOTICE—Cash
in
and deferred delivery salea are
footnote in the week in which they
occur.
a
AND
YEARLY
RECORD
disregarded in the week'a rang* unless they ar* th* only transactions of th* week, and when
eeillng *atald* th* regular weekly rmnfa art
No account is taken of such sales In
computing the range for the year.
In the following extensive list we
furnish a complete record of transactions on the New York Curb
Feb. 8, and ending the present
Friday (Feb. 14). It is compiled from the daily reports of the Curb Exchange
whether stock or
bond, in which any dealings have occurred during the current year.
range
Friday
stocks—
New
York
Curb
Sale Price
Par
ACF-Brill Motors warrants
Acme Aluminum
Alloys
Acme
Wire
Adam
Hat Stores
Co
Aeronautical
1
1
Inc
Mfg
Air
Investors
(N J)
Great
Power
4.20%
Alles & Fisher
Co
Ltd
Bantam
Car
Book
Co
common
12 %
11
Jan
12%
Feb
4
Jan
4%
Feb
Associated
Electric—
preferred—
preferred
preferred
American Light & Trac common
Associated
dep rects reg
Laundries of America
Jan
Associated
Tel & Tel class A
5%
5%
300
4%
Jan
6%
Jan
Metal
Products
Meter
10%
--
Class B
Seal-Kap common
Superpower Corp com
Atlantic
Jan
Atlantic Coast
4%
Jan
Atlas
Corp
10%
200
11%
Jan
11%
Jan
Atlas
Plywood Corp
15
15
15
77%
20
20
79%
111
200
15
Jan
23
Feb
50
33
Jan
15
Feb
3.200
4%
3%
81
600
10234
Feb
103'/a
5%
preferred
Writing Paper
common
Products
49 %
1%
19
200
950
6%'
49
1%
18%
39%
Inc
47 %
Anglo-Iranian Oil Co Ltd—
Am dep rets ord
reg
3%
81
6,900
1,200
110
51
7%
52
1%
19
40V4
111% lllVe
39%
footnotes
see
11%
11 Va
11%
1,400
£1
3 %
3 %
"l%
>-•
10%/Jan
10% i Jan
jan
Jan
~
Jan
14%
Feb
10%
Jan
11%'
fan
12
112
20 Va
24%
Feb
Jan
195%
Feb
Jan
5
Feb
7 %
3%
2%
Jan
3%
Feb
Baldwin
Jan
Banco, de
51%
Feb
Barium
7%
Jan
Barlow
70
Jan
83
50%
6%
Jan
Jan
Rubber
GOO
3,200
250
70,300
225
47%
Jan
8,600
Co
54%
Jan
Jan
1%
Jan
Jan
19 %
Jan
37%
Jan
43%
Jan
Jan
111%
Feb
Jan
3%
Jan
Bellanca Aircraft
111
3%
Refractories
Mills
Beaunit
1
5
1
iy/4
Benson
35 %
35 %
37%
250
32%
Jan
24
23
24 %
5,500
22%
Jan
24%
Jan
31
Jan
16
14%
Jan
16%
Jan
Birdsboro
Steel
new
225
500
4%
40,100
18
19%
1,100
42
42
47%
37%
Feb
&
Hedges
Feb
Blauner's
Jan
19 Va
Feb
Blue Ridge Corp
44
Jan
Jan
4%
14%
1,500
11%
Jan
16
Feb
25%
25
24%
Jan
27
Jan
32
300
31%
Feb
33%
Jan
47 Va
(Philip)
40
275
34
Jan
Feb
Blumenthai
37%
40%
6,500
33
Jan
40%
Feb
Bohack
19 %
20 Va
3,200
19%
Feb
23%
Jan
7%
6%
1.400
5%
Jan
6%
Feb
1%
Jan
17,500
1%
Jan
1,600
58
Jan
1,000
5
Jan
40
(S)
(HC)
9%
1,800
8%
1,100
7
7 Va
200
1,600
1 /a
Jan
Feb
1,700
13
1,900
42% Jan
Feb
11%
Jan
13
Feb
*6%
34,400
5%
Jan
6%
Feb
150
18%
Jan
19%
Jan
6%
Jan
7%
Jan
20%
Feb
7%.
700
„
Lgt
&
Brazilian
Breeze
Jan
9%
Feb
Brewster
8
Jan
9%
Jan
6%
Jan
7%
aJn
Jan
19%
Jan
4 %
Jan
4%
Feb
Aeronautical
Mfg Co common
Pwr
11/4
300
7%
Jan
8%
Jan:
22 %
8
24%
6,400
18%
Jan
24%
Feb
21%
400
20%
Jan
3%
3%
700
3%
Jan
3%
Jan
120
Jan
179%
Feb
22%
Jan
22%
Jail
2%
Jan
7%
—
177
23
Jan
1
CM
_2%
6,200
22
Jan
2% Jan
23
Feb
23
100)
11%
300
9%
Jan
11% Jan;
11%
400
9 3/4
Jan
11%
11
4
Feb
Jan
Jan
56%
900
11%
Jan
1,100
22%
Jan
14% Jan-;
29% Feb
Jan
126
29%
3%
55Va
4
13
27
4
3%
12%
3
—
Jan
3,700
36 %
.
37
20
21%
iy /2
Jan
Jan
Jan
Feb
22
500
19'A
20
1,900
4
400
34%
Jan
37
Jan
17% Jan
21
Jan
22%
Jan
20
16%
Jan
Feb
Jan
Jan
4%
Jan
26%
Jan
Jan
10 Va
Jan
33
4
4
25
1
Jan
36
' Feb
24%
Jan
25
Jan
9%
"
*
55
131%
Jan,
17%
.
101/
*
A
British-American Oil Co—
Feb
425
Bridgeport Gas Light Co
Bridgeport Oil Co
Corp common
15
>20%
48
100
25
Feb
Class
47 %
Jan
x19 %
common
preferred
Borne. Scrymser Co
Bourjois Inc
Feb
7%
Jan
11%
1
1st
5%
63
42%
23
--
1
preferred—•
Co Inc
& Co
Traction
7%
—
*
&
Co
19
1
3
common
16%
9%
8%
~5%
--
common
$3 optional convertible
39%
4 %
7%
J /2
1
Fdy & Mach Co com.'
Jan
3%
15
300
19%
5%
9
Jan
179% 179%
24%
*
common
preferred
Berkey & Gay Furniture
40
--
37
Jan
6%
37
21 %
%
Convertible
Blum
9%
Jan
7
--
Bickford's Inc common
15%
1%
32
700
600
18
Jan
29
16
5%
Feb
1,500
8%
7/4
1
Bell Tel of Canada
Jan
63
Feb
7%
12%
5 /4
1
100
common
Jan
5%
Feb
45
13
2.50
Inc
Feb
61%
Feb
6%
41%
*
(AS) Shoe Corp
17
5%
61%
Jan
31%
45
—1
(L) & Co common
Beau-Brummel Ties com
Bauman
51
61 %
9%
Jan
5%
25%
1
convertible A common
Inc
a
$1.20
Basic
49
5
Jan
55%
—
Jan
1 %
6%
50
14
32
shares
Steel Corp
Seelig Mfg—
Jan
6%
5,900
&
18
1%
common
Jan
%
Feb
los Andes—
13%
1%
l7/» Jan
11
21,800
30
preferred
50
6
Jan
Jan
8
14%
-•
Babcock & Wilcox Co
Baldwin Locomotive—
25
10c
6%
1%
4%
7
36
8
•
—5
25
1
Feb
Jan
450
•
"9%
61
800
3,775
1
Jan
18
17
3%
6%
~1%
11
B
20
181
51
4
8%
%
36
1
48
19 "8
5%
61
—1
Machine
Avery (B F) & Sons common
6% preferred
Ayrshire Collieries Corp
Brillo
965.
700
6
Voting
16%
25
1
page
Automatic
American
J00
3,300
£i
Angostura-Wupperman
700
111%
warrants.
51
16%
1
Feb
5% Feb
14%
——-50
Co—
47%
1
2
common
Line
Products
Beck
3%
5
Feb
5%
10%
Feb
1,300
51
6%
10
2
8%
Jan
Jan
6%
Jan
20 %
3%
Jan
112%
24 %
78
80
Jan
195%
5
Jan
110%
24
4%
72
100
192
24%
192
•
preferred
American Thread
Co
Jan
108
21%
25
10
Jan
4%
10%
9%
87
Jan
Jan
102 7 a 103 %
•
Republics
American
Coast
Jan
3%
Automatic
•
American Potash & Chem class A
,
Feb
Feb
4%
14%
Coast RR Co pfd—100
Fisheries
-1
106 %
111
2
High
10%
114
11,800
5,200
,
14%
10%
75
21 "
1
Co
5%
Jan
Jan
900
8%
5%
5 Va
°
•
1,800
4
21%
20
Co
Post
4%
Feb
%
106'A 106%
78
25
7%
5
%
5 Va
7%
xll2
Atlanta Birm &
25
American
For
Jan
9
103 %
25
preferred
Angerman
5%
Jan
111
1
American Mfg Co common
American Maracaibo Co
Anchor
Jan
5%
85
General Corp common—10c
series
2%
600
100
American Hard Rubber Co
American Laundry Mach
$6
19,500
7%
•
10
American
4%
7%
--
l
-
38
"3%
1
American
Feb
20
Industries—
Electric
8
4%
American & Foreign Power warrantsFork & Hoe .common
•
American
38
Feb
7%
3 7
106%
American
Amer
600
3%
Jan
3,000
7%
5
common——
non-voting
12%
100
convertible
Gas
class A
12%
Light—
Cyanamid Co common
convertible
Natural
Feb
1
Co
&
Inc
Common
15
•
B_
American
Arkansas
•
common
Beverage
6%
Argus
Jan
100
American Cities Power &
Class A
$2.50
Jan
11%
Jan
100
American
$2
26
Jan
Jan
1
common
American
American
Jan
11
Jan
1
pfd
Gas
23
1,600
2%
•
4%%
20
11
Low
10%
9%
Range Since January 1
High
113 % 113%
10 %
113%
12%
100
common
Low
-1
2,200
•
American
25
50
pfd
Shares
pfd—100
1
2,300
Aluminium
Class
Appalachian Elec Pwr 4%%
15
Aluminum Good* Mfg.
Aluminum Industries common
American
Feb
"3%
3
preferred
American
12%
3 Va
•
com
Apex-Elec Mfg Co new common
Jan
14%
Altorfer Bros Co common
$3.75
Jan
9
3%
5
6%
5%
700
14%
Allied Int'l Investing $3 conv pfd
Allied Products
(Mich) common
Aluminum
Jan
12%
10
Inc
for Week
•
6% preferred
«£
—
10
Arkansas Power & Light $7 preferred-'
Aro Equipment Corp
——2.50
Ashland Oil & Refining Co1
10
Southern
Airline*
4%
11%
3
Range
of Prices
Par
High
3
50c
Air-Way Electric Appliance-
Alaska
Low
Sales
Week's
Last
Sale Price
Exchange
200
2
convertible preferred
Alabama
High
New York Curb
1
.
common-
Alabama
Friday
STOCKS—
Range Since January 1
•
preferred
Mfg Corp common
60c
Shares
5
Convertible
Aireon
j.
u
5'A
10Va
--
1
common
Associates Inc
February
for Week
1
Supply Mfg class B
Agnew Surpass Shoe Stores
Ainsworth
ending
25
11%
10
Inc
Aero
Air
Low
week
Sales
Range
of Prices
5
common
Products
Week's
Last
Exchange
for
Exchange for the week beginning on Saturdftv,
itself, and is intended to include every security,
"3/
24
/8
24%
24%
100
'
•
-
A
THE COMMERCIAL &
962
EXCHANGE
NEW YORK CURB
RANGE
Friday
Range
of Prices
Sale Price
Curb Exchange
New York
Week's
Last
STOCKS—
Low
Par
Friday
Sales
Shares
Range Since January 1
Low
High
18
.£1
dep rects ord bearer—
rets ord reg
Ltd—
.....CI
19ft
20
Brown
(EL)
20%
Feb
Derby Oil Co common.
Feb
4%
Feb
27%
100
27%
Feb
27%
Feb
Feb
2ft
Feb
21ft
6,100
15'ft
Jan
21'ft
Feb
Devoe
Feb
x8 ft
x8ft
Co common
9
3,000
7'ft
Jan
9
45
12ft xl2ft
xl2%
Buckeye Pipe Line
Bunker Hill St Sullivan
18 '/a
18%
19 ft
700
1,700
Feb
47
Jan
25
Co common—
Ltd
Bruck Silk Mills
Feb
26 ft
Feb
11 'ft
18%
Jan
12%
Feb
Jan
19'ft
.12%®
Burry
—250
lft
1%
11,200
lft
Jan
1%
6%
6%
7
5,600
5%
Jan
7
13
100
12%
13
13
Fire
Camden
Jan
Jan
Feb
Jan
13
3,100
10%
Jan
35%
35
36%
1,500
27
16
16
16
•
17%
100
17%
Feb
18ft
Jan
900
15%
Jan
20
Feb
1
19 ft
16ft
19 ft
2,300
13%
Jan
19ft
Feb
4ft
3,000
Jan
Dobeckmun
Co
common.
Coal
Steel St
Tar
Jan
Feb
5%
5%
200
6%
9%
1,500
9 ft
Jan
5%
3,500
4
Jan
20
7ft
Jan
7ft
Jan
5%
Duro
200
20
15ft
Jan
Jan
6%
2%
2,300
2 ft
Jan
150
38'ft
Jan
10 ft
4,900
6%
8ft
25
100
47
48
50
43 ft
116
48
18 ft
1
116
•
.
18 ft
10
.1
16%
30
8 ft
1
West
3
Jan
100
BOe
9
Corp
16ft
Jan
5%
Jan
6'/8
Jan
500
14 ft
Jan
15%
Jan
3%
4ft
Jan
"2
"eft
*
63
7%
49
600
800
u-
324,800
%
514,800
9
39
Jan
43ft
Feb
14 ft
Jan
17 ft
Feb
90
Jan
16%
Jan
Jan
95'ft
Feb
Feb
20
Jan
102
Jan
23%
Jan
67
Jan
79
Jan
22 ft
23 ft
3%
10
100
4
4,400
14
50
7%
18%
Jan
9%
Jan
3%
19
Jan
22'ft
Jan
19
23'ft
Feb
Feb
4ft
Jan
Jan
22'ft
Jan
14
$5
$6
8%
8%
1
rl
142
142
Jan
14
24
Jan
77'ft Jan
15% Feb
75%
100
72
15%
250
14'ft
Jan
1%
lft
3,500
lft
Jan
30%
32%
160 ft 170
16 ft
—
16ft
140
130
Jan
29,700
23ft
Jan
8,650
153%
Jan
700
15ft
Jan
166
890
13%
14
200
17%
18ft
700
3%
3%
700
3'ft
3%
12,600
162
5%
preferred
■
60
-
Empire District Electric 5* pfd
Emsco Derrick St Equipment
Equity Corp common
13 convertible preferred—
Esquire Inc
—
Eureka Pip* Line eommon
100
B
10c
—I
1
"4%
—
1
Inc
7.50
Colorado Fuel tic Iron warrants
154
32%
16 ft
Fedders-Quigan Corp.
Fire Association (Phlla)—
First York Corp common.
$2 div cum pfd
;
Fishman (M H) Co—
5^ to $1 Stores.
Jan
166
Feb
Jan
15
Feb
Jan
lift
Jan
15ft
Jan
18 ft
Feb
3ft
Jan
3%
Jan
3
Jan
3%
Jan
9%
Jan
15'ft
Feb
1,375
40ft
Jan
44 ft
Feb
75
66%
Jan
100
8%
Jan
Feb
90
9%
Jan
-10
Class A
Class
Ford
B
Community Public Service
Community Water Service
Compo Shoe Machinery—
11%
Jan
13%
Feb
3'ft
Jan
4 ft
Jan
Fox
Franklin
11
10 ft
11%
7,900
9
Jan
11%
Feb
31%
29'ft
32
4,800
2 5'ft
Jan
32
Feb
34 '/a
34 ft
25
12,100
5ft
Jan
3,700
25%
Jan
'ft
33'A
Jan
Conn Gas & Coke Secur
2
2 'ft
2,500
1
10
10 ft
900
1%
•
common
(3 preferred
1%
33%
B
•
common
preferred series C
Consolidated Gas Utilities
1
Consolidated Mining & Smelt Ltd
Consolidated Royalty Oil
Fuller
ft Jan
34%
2
Jan
9%
Feb
300
1%
Jan
800
77ft
Jan
83%
Jan
2 ft
10ft
2
40
109
Jan
110%
Jan
9 'ft
2,300
9%
Jan
2%
*
10o
Co
2%
33%
33%
82
8%
Jan
85
2,300
78%
Jan
85ft
Feb
3
200
2%
Jan
3
Jan
34 'A
5,900
30%
Jan
34%
Feb
9'/a
11'/a
13,900
8%
Jan
11'/a
Feb
Continental Fdy & Machine Co
1
19 ft
18%
19%
3,200
15ft
Jan
19ft
Feb
Cook Paint & Varnish Co
•
40 ft
40'A X41%
1,200
32
Jan
41%
Feb
Cooper Brewing Co
Copper Range Co
Cornucopia Gold Mines
l
•
So
11
5%
10%
10%
1
1
Coro Inc common
•
Corroon & Reynolds
$1 pfd class A
l
Cosden
common
l
4
5ft convertible preferred
Courfcaulds Ltd—
50
39
Petroleum
X14%
Xl4%
4
——
•
14
3%
38
6
11
1,100
4%
Jan
Jan
%
Jan
lft
Jan
15ft
3,500
12ft
Jan
15ft
Feb
4ft
1,100
300
4
4,500
39
300
3%
13
3ft
36
Jan
4%
Jan
14
Feb
Jan
4
Jan
Jan
40
Jan
5
31%
31
31%
8,000
Jan
7 ft
Jan
25%
Jan
31%
Feb
2%
2%
3,200
Crcsley Motors Inc
Crowley Milner & Co
•
13%
12%
14%
8,100
10ft
l
10%
10 ft
10%
200
8%
Crown
5
5%
3,500
5
Jan
Crown
25o
Cent Petrol (Md)
Crown Cork International A
5%
19%
200
5%
6 'A
6ft
19'/8
•
Drug Co common
Crystal Oil Refining common
$6 preferred
6ft
4,900
10
Cuban Atlantic Sugar.
5
32
33
25 ft
26%
common
5,900
•
16
16
13%
__
14%
Feb
Jan
14%
Feb
Jan
10%
Feb
6ft
Feb
Jan
20
Feb
(Mo);
5
Jan
6ft
Feb
Jan
21/4
Feb
30
Jan
33
Feb
23ft
Jan
26%
Jan
Feb
107
Jan
17
Jan
7
Jan
100
14
550
12
2.50
common
16%
2%
Jan
106 ft
25%
80
lot)
;
2
2 ft
—
6ft
14 ft
$3
(Geo
Jan
20
Jan
21
1,400
16ft
Jan
22%
Jan
50
25
45
Jan
50
Feb
Feb
111
8%
Jan
9%
Feb
Jan
2%
Jan
2%
15,600
2
49 ft
48 ft
550
48
50 ft
11
12
1,100
28
11
28
50
Jan
Jan
14%
Jan
Feb
'
D
Davidson
Brothers
—2 JO
Inc
conv.
Dajay Stores
For
footnotes
33
~7%
1
Dayton Rubber Mfg class A
page 665.
600
—
—
53 ft
Jan
Jan
12
Feb
30
Jan
9%
1,300
3%
17,800
23 ft
200
23
18
7ft
Jan
37%
9%
Jan
3ft
Jan
3%
Feb
Jan
23 ft
Jan
Jan
22%
Jan
Jan
20 ft
22
3,100
12%
13%
3,100
12%
Feb
14
61
64
120
51ft
Jan
64
2%
61
42
1,200
Feb
675
Jan
2%
Jan
40
Jan
43 ft
Jan
18
2%
2ft
41ft
Feb
7%
12%
61
6 ft
5%
2G%
20%
20%
Jan
20
a
Jan
5%
Feb
6 ft
Jan
1.400
18ft
Jan
20%
Feb
100
19 ft
Jan
21
Jan
Feb
900
A)
600
9'A
Jan
10ft
Jan
50
26%
Jan
31ft
Feb
13%
13%
300
13%
Feb
14 »/2
Jan
36
50
33%
Jan
36%
Feb
11
Jan
12%
Feb
24%
Jan
29
Feb
78
36
9ft
31ft
Jan
78
Jan
1
«...
12'
12 ft
12%
2.200
1
Co
Feb
9 ft
36
1
50
2%
31ft
1.25
Inc
common
Power Co common
5%
preferred
Mfg Co common——
General Alloys Co
Gen Builders Supply Corp
Gellman
27'
27 >2
28 ft
450
•
5ft
5%
Jan
10ft
Feb
100
G
63
ft
4
400
lift
Feb
19%
Feb
Jan
104 ft
4%
Jan
7
Feb
Jan
3%
Jan
Jan
9 ft
18
Jan
3%
3%
3%
2,000
3
1
5%
5%
6
2,400
5ft
Feb
6ft
28 ft
28 ft
29
300
28 ft
Feb
32 ft
Jan
13 ft
Jan
14
Jan
8%
Jan
Warrants
8%
~8%
9ft
3.500
~
1
_5
5 ft
300
28
28 ft
700
22 ft
24 ft
6,300
93
I
93
ft
-
Flreprooflng common
General Outdoor Adv 6% pfd.,
Plywood
Corp
•
100
1
General
Public Service $6 preferred..*
General
1
•
•
*
Shareholdings Corp com
$6 convertible preferred
Georgia Power $0 preferred
$5 preferred
Yellowknife Gold Mines
Giant
Gilbert
(A
Gilchrist
Co
—
-
Alden
(Adolf) Inc common
Godchaux Sugar* class A
B
$4.50 prior preferred.
Consolidated Mines
Mfg Co
Inc Class
St
1,300
Feb
5ft
Feb
24
Jan
28 ft
Jan
106
24%
Feb
Jan
Feb
19 ft
Jan
89
Jan
93
Feb
Jan
4
Jan
3ft
Jan
97 ft
Feb
Jan
114%
Jan
110 ft
160
92 ft
113ft
Jan
110%
Jan
Feb
1,400
5%
Jan
6%
22 ft
750
19'ft
Jan
22 ft
Feb
53'A
90
53ft
Jan
53'4
Feb
53 '/a
16
ft
6%
21
5%
Feb
17 ft
5%
•
Jan
29ft
•
24ft
21ft
24 ft
1,500
Jan
29 ft
Jan
18%
Jan
24 ft
Feb
17ft
17 ft
2.700
18 ft
Jan
17 ft
12ft
13
1,600
lift
Jan
Jan
12ft
13 ft
1
200
Jan
17
Jan
17
15 ft
300
4%
Jan
5%
61'ft
Jan
61'2
Jan
30ft
Jan
32
Jan
103
Jan
103
Jan
1
Jan
lft
Jan
45%
Jan
Jan
1
17
17
5ft
5 ft
5 ft
•
1
31ft
1
ft
31 ft
"l
'/a
31 ft
"l'ft
A
12 ft
•
.10
25
1
5
11,100
60 ft
15 ft
9 ft
13
59
15 ft
Jan
12 ft
200
12 ft
Feb
15 ft
61
750
58
Jan
62 %
lift
Jan
17 'A
1,400
9'/a
9%
200
12%
13 ft
2,500
Pacific Tea—
Non-voting common stock.
7% 1st preferred.
100
17
45 %
50
Mfg common
Atlantio
4
96 ft
94
21
•
Goldfield
Goodman
3%
10
9%
Jan
5
Inc
Gobel
Class
"3%
53
2.80
Jan
Feb
4ft
_•
Coal
Glenmore Distilleries class B
Globe-Union
*1
23
•
common
Gladding McBean St Co
Gleaner Harvester Corp
Glen
1
CN CO
•
C)
Preferred
9ft
8 ft
104
I
t
General
General
Feb
1
*
dep rots ord reg
£1
Finance Corp common
1
preferred series A
—10
Great
Jan
9
2,500
Amer
Jan
8
38
18
100
General
Jan
Jan
Jan
lift
18
Feb
103%
10%
—
•
25
pfd
conv
8
Gen Electric Co Ltd—
Graham-Paige Motors $5 conv pfd
Grand Rapids Varnish
Gray Mfg Co
35
..
see
8
.35
J£n
Jan
Feb
9ft
28
3ft
9'/8
~9ft
Corp
Gatineau
Gorham
Hosiery Mills.
Co
stock
conv
Gorham
Davenport
Feb
1,350
18%
2%
——
7ft
2ft
Co
11
Jan
1
Lighting Inc
Feb
9%
7,200
Croft Brewing Co
Curtis Mfg
Feb
1,600
dep receipts (ord reg)—£1
Creole Petroleum
Curtis
x6
lft
14
Jan
19%
20%
Stores
Garrett
109ft 109ft
82ft
Feb
4%
Jan
Jan
5
7
18
5 ft
Jan
118ft
8%
Feb
Jan
130
Jan
Jan
8%
117
Jan
Jan
116
10
common
sT
143 ft
Feb
Jan
20%
pfd
conv
Franklin
10
117
100
4ft
Corp
80ft
100
preferred
Steel
80 ft
Feb
Jan
2ft
.£1
non-voting.—.
voting.
Simon &
4 ft %
Feb
•
Consol G E L P Bait
Jan
%
3%
--
Fort Pitt
Feb
7
Jan
50
1
1956
U<
2ft
1
dep rets bearer.
Brewing Co.
(Peter) Brewing
200
Commonwealth & Southern warrants
Jan
Jan
Motor of France—
1,800
7
%
%
100
.10c
dep rets ord reg.
Ford Motor of Canada—
3%
33%
Feb
72ft
20 ft
.1
Am
13%
6%
72
Jan
Ford Motor Co Ltd—
3%
29%
Jan
70%
9^4
10
Fansteel
Feb
3,100
33%
70%
23 Va
Feb
170
lift
31,200
,.25
Jan
9%
Engine is Airplane.
Feb
90
6 ft
Colt's Patent Fire Arms
Jan
2,800
Amer
Airlines
Feb
9
50
—
3ft
15 ft
3%
49
17%
20 'A
_
9 ft
13%
Coekshutt Plow Co common
Colon Development ordinary
Jan
Jan
108 ft
_
Fairchlld
42%
9ft
10
Co common
ft
19 ft
Fairchild Cutter* St Inst Co..
87
9ft
Elliott
8 ft
17
"4
Falstaff Brewing.
lift
Co
iff
19 ft
Inc
Jan
41%
Clayton St Lambert Mfg
Cleveland Electric Illuminating..
Clinchfield Coal Corp..
4 ft
350
2,100
1
Jan
l'ft
148
10%
166
1
7
Jan
44
Xl5
Jan
15 ft
lft
Electromaster
143ft
6%
--
32,200
Feb
Jan
74'ft
15%
♦
1,900
%
rli
Electric Power St Light 2d pfd A
Option warrants
Electrographio Corp
300
9
16ft
Jan
12 ft
21
14
Feb
72
19
3%
Jan
67
72 ft
25,500
22'ft
72
Jan
71%
Jan
Jan
Jan
57
Associates—
formerly
formerly
pfd
pfd
rights
rights
2%
61
550
67
48
2,500
200
72
71ft
"9ft
22 ft
Jan
2%
68 ft
72
~9
22 ft
2 ft
2%
ft
72'/4
P
350
Feb
•
•
A
75
40
15%
Jan
23'ft
Jan
16
Jan
73
35ft
48 ft
10 ft
22
25
5
Feb
74
Jan
40
1
*
1,400
300
Jan
67 'A
•
preferred
$5
$3.50
20
97%
Jan
Electric Bond A Share common
$4.20
60
Feb
63 ft
Easy Washing Machine B
Jan
95 ft
Jan
92 ft
Jan
Jan
150
3ft
150
325
Feb
Jan
4,700
2,300
94
10 ft
49
22 ft
Controller Co
5ft preferred
Cuban Tobacco
Jan
64%
32%
20
17
Clarostat Mfg Co
Claude Neon Inc common
f
Feb
1,100
Jan
116
825
32 ft
preferred B
preferred BB
City Auto Stamping—
City St Suburban Homes
;
104
40
_•
$6 preferred series B
Jan
137 ft 144
60o
Products
States
Eastern Sugar
Jan
America
$6
American
Jan
Jan
Jan
6 ft
Jan
Feb
101
pfd
Utilities
170
Consol Textile
79
45
101
15 ft
40ft
17%
43 ft
19 ft
<6 preferred
Consolidated
Feb
Jan
64
64
Elgin Nation*! Watch Co common
100
■
of
series
89
71ft
93
25
115%
16 ft
95
IChilds Co preferred
Cities Service common
4 Mi ft
Feb
Feb
--
3%
3%
Malleable Iron
25
43 ft
Chesebrough Mfg common
Vtc ext to
Jan
94
16
.....100
100
2,200
10
~8%
common..—....
Colonial Mills
Jan
15
prior preferred
preferred
18%
~
Chicago Rivet St Mach
Chief Consolidated Mining
Colonial
24 ft
—
Jan
x32
Cher r y-Burrell common.
Alum
Feb
Jan
~6
6 ft
*
common
4 ft %
15
39%
-—•
.......
1
Lt 4ft
Gas St Fuel Assoc
Jan
Jan
2ft
x32
preferred.—100
preferred
100
Conv pfd opt div ser—
100
Conv pfd opt div ser 1929
100
Cessna Aircraft Co common—
.1
Club
Jan
Jan
13%
38 ft
10ft
7ft
Clark
12 ft
17%
Feb
Co—
Power
Corp
4ft
33 ft
44
_
104
—
*
1
*
Test
Eastern
ICent States Elec 6ft
Charls
£1
reg
Duval Texas
East
14%
2ft
common
Co
ord
Hosiery class B common
Corp common
Sulphur
Feb
Jan
7ft
10
12%
14%
38 ft
Central Ohio Steel Products
Chamberlln
125
_
104
$7 preferred series A
Co com
St South
70
76
Co.
dep rets
Eastern
preferred
Central
94
74%
Jan
Dunlop Rubber Co Ltd—
9ft
common
Central Pow <fe
92 ft
.10
3%
Power
Durham
—•
—1•
(A M) & Co
Catalln Corp of America
3.50ft
8,400
94
Co
500
*
Castle
Cent Maine
17%
16
16ft
Ltd.
74%
Harris
Am
common—
Products
4
Jan
24'A
III25
B__
St Chem Co
4
1
3 ft
33%
Domestic Credit Corp class A—
Dominion Bridge Co Ltd—
3%
20
Carolina P & L $5 pfd
Carr-Consol Biscuit Co
Casco
Feb
20
3%
9ft
Capital City Products
Carey Baxter & Kennedy Inc
(JW)
Jan
19 ft
Duke
7ft
Canadian Marconi
Carter
7%
17%
Jan
preferred
Co
16
Jan
19ft
Jan
Canadian Industries Ltd—
Carnation
Jan
6 ft
-5
voting
& Co
37 ft
15 ft
2,500
Ltd
Class A voting
Carman
Feb
Jan
200
7ft
7 ft
—1
3%
Canadian Industrial Alcohol-
1%
Feb
12%
.£1
600
-1
Insurance
non
Feb
12%
4,300
11%
common
3%
10
preference
Class B
Jan
3%
3%
7 ft
3%
£1
1
Canada Cement Co Ltd common
6ft%
12 ft
Jan
12
Dominion Textile Co Ltd
Canada Bread Co
Jan
3
Corp
Dominion
3%
11%
3%
dep rets ord reg.
Am
Divco
Driver
BOe
BOe
1,000
12 ft
Draper Corp
Voting trust certificates—
Cables St WirelessAmerican dep rets 5% pfd
Calamba Sugar Estate
California Electric Power
Callite Tungsten Corp
13 'A
3%
10
Jan
Jan
12ft
Products
Feb
Jan
11%
12 ft
1
12 ft
153
1.200
12ft
1
Reynolds Class B_
Dominion
Cable Electric Products common
Feb
Jan
1%
Am dep rets—
Biscuit Corp
Butler (PH) common
Burma Corp
Steel
&
High
Jan
12%
Diana Stores Corp
Distillers Co Ltd—
Detroit
10%
152
12%
Detroit Mich Store Co common,
2'ft
20%
10
-1
2,000
4
5,500
—8
18%
A-
Distillers-
Rubber
Bruce
Jan
4 ft
4
4%
B
Porman
Brown
19ft
Jan
27%
.10*
Amer
Class
2,850
21%
Low
12 >2
152
152
.100
Range Since January 1
High
lift
12 ft
5
common.
Mfg cists A
debenture
8%
Shares
of Prices
Low
Par
High
Sales
for Week
Range
Sale Price
Exchange
Detroit Gasket & Mfg new com
Detroit Gray Iron Foundry.
British Celanese
dep rets ord reg—
British Columbia Power class
20
Jan
Curb
Week's
Last
STOCKS—
York
New
Dennlson
Am dep
li
FdR WEEK ENDING FEBRUARY
for Week
British American. TobaccoAm
Monday, February 17, 1947
FINANCIAL CHRONICLE
8
10%
17%
Jan
Jan
Jan
Feb
Jan
9%
Feb
Jan
13%
Jan
106
.100
135
108
600
100
Jan
108
Feb
138
430
135
Feb
138
Feb
135
Volume
Number
165
THE COMMERCIAL & FINANCIAL CHRONICLE
4569
EXCHANGE
NEW YORK CURB
RANGE
Friday
Curb
Exchange
of Prices
Par
Great Northern
Paper
Grocery Stores Products
25
.
Low
42 %
43%
147/8
common_25c
Gulf States Utilities $4.40
pfd
Gypsum Lime <fc Alabastine.
_100
FEBRUARY
14
STOCKS—
Shares
New
Range Since January 1
LOW
High
900
147/a
39% Jan
100
20
13
112%
Curb
44%
15%
114%
Lionel
Jan
Feb
Material
Feb
Co
Corp
class
A
Lamp Co
Hamilton Bridge Co
Hammermill Paper
S
.
Ltd
*
10
11%
8%
__
X34
34
"
Hartford
Electrle
Light
25
Hartford Rayon voting trust ctfs
Harvard Brewing Co
Hat Corp Of America B non-vot com
1
Hazeltine
*
07%
1
Hearn
Corp
Dept
Hecla
*
1
—
Stores
common
5
_
Mining Co
Helena
25c
Rubinstein
•
Class A__
Heller
Co
5%%
4%
common...
preferred
preferred
(R)
w
9
4
7% Jan
30%
Feb
8%
Feb
34%
Feb
70%
Feb
64
Jan
4
Jan
5
Jan
4%
Feb
8%
300
16%
300
15
Jan
17
Jan
12
12%
8%
15%
--
12%
1,200
10
Jan
12%
Feb
3,100
12%
Jan
12%
12%
13 %
24
24
24
7%
Jan
0% Feb
13%
175
13
200
106
40
1
14%
15%
Horn
&
Hardart
79%
78%
79 7
a
10%
10%
8%
28
950
10%
2,600
&
Hardart
common
•
•
preferred
68
9%
(Harvey) Inc
Humble Oil ft Refining
Hummel-Ross Fibre Corp
Hurd Lock ft Mfg Co
Hussmann-'Ligonier Co common
$2 .25 preferred
5
Jan
Jan
13%
Jan
15%
Jan
x35%
1
10
1
„
—
Jan
81
10%
Sugar optional warrant*
Mangel Stores common
Manischewitz (The B) Co
Mapes Consolidated Mfg Co..
Jan
11
11%
10% Jan
11%
Jan
1
1%
12,900
1
25
83
Jan
90
625
76
Jan
82% Jan
11%
Jan
111%
Jan
—
1
86
__
86
78
79%
13%
*_
13%
14%
17,300
19%
19%
300
2%
—1
2%
20%
•
19%
McCord
•
19%
•
__
31
31
Feb
40
100
15% Jan
Jan
Jan
29
3
1,000
20%
800
2%
18
52%
Massey Harris common
31
Jan
181
31
58%
Jan
61
Jan
32%
Feb
Jan
9%
Feb
24 %
26%
3,500
20
Jan
26%
Feb
45%
47%
175
45
Jan
47%
Feb
10 %
Jan
13
Feb
7%
Jan
10%
Feb
Jan
51%
Feb
Jan
3%
Feb
Jan
49%
•
12
9%
9%
50
3%
3%
40%
__
13
550
10 %
3,000
51
45
150
3%
500
41
3%
200
40
Memphis
„•
*
1
Feb
4%
Jan
20%
Jan
Jan
55
Jan
2
7%
&
297
29 %
8
30%
Merritt
Mfg
8%
Jan
4%
10%
2,100
1%
Jan
2%
Feb
Feb
19%
Feb
19%
19%
400
17
Jan
19%
21%
2,700
13%
Jan
21%
44
44
100
39%
Jan
45
Feb
Jan
11%
Feb
Jan
33%
Jan
10%
10%
11%
1,800
97/b
31
30
31
1,000
29%
6%
6%
6%
1,300
6% Jan
*.*.—.1
3%
3
3%
8,000
2%
Co
Chapman ft Scott
17%
20
19 %
20%
27%
Jan
31
57%
Jan
64
Jan
167/a
Jan
18%
•
5
6
13%
14
6
17
Jan
20%
Feb
Feb
6%
—
5%
5%
50
.15,
100
11%
Jan
14'/a
Feb
500
6
50
•
10
*
—..1
Class B
t
v
West
Steel
$2
Co
1
Corp
Jan
Jan
Jan
Jan
5%
Jan
5%
49
Jan
Jan
dividend shares—
•
14
400
11%
Jan
14
Feb
Mid-West
100
12%
Jan
14
Feb
Midwest
Oil
Feb
21%
Jan
Midwest
6 %
300
5%
Jan
6%
9
Jan
10%
Feb
"2%
4,700
2%
Jan
2%
Jan
12%
6,700
10%
Jan
12%
Feb
14%
4,800
11%
Jan
14Va
Feb
16%
xll
Jan
19%
Jan
Jan
Xll
12%
13%
"3%
~3%
1,300
3%
Jan
22%
23%
9,300
18%
Jan
237/8
8%
350
7%
Jan
50
27%
Jan
29%
Jan
105%
Co
100
North
America
10
97%
96%
Jan
98
Jan
Jan
109%
32
3%
9
,29%
29%
31%
31%
32
775
13
13%
16%
4%
4%
10
Co
4%
16%
—.—50
Abrasive
Jan
100
Jan
Miller
Wohl Co
4% %
29
International
Cigar
Machine
•
International Hydro-Electric—
Preferred $3.50 series
International
Metal
International
Petroleum
Registered
50
A
coupon
•
shs
shares
International
Safety
International
10
Razor B
Utilities
Power
•
*
Products
International
Interstate
Industries
$7
preferred
voting
Italian Superpower
65
67%
28
28
28
15 %
15'/a
3%
*
1,200
Jan
4%
Feb
1,700
12%
Jan
13%
Feb
100
16%
Feb
17%
Jan
*j£t
A
Feb
Montana
Jan
Jan
3%
Feb
5%
Jan
25%
100
1%
1%
800
21%
22%
11%
23
1%
15%
Jan
12%
Feb
30
Jan
Jan
Jan
1%
Jan
22%
350
19%
1
6%
6%
7
1,400
5%
Jan
7%
Feb
1%
1%
1%
1,000
1%
Jan
1%
Jan
-
Jefferson
Jim
Lake Sulphur Co
Brown
Class
Julian
A
&
Stores
19 %
19%
6%
6%
1
1
common
5%
20
1,600
7
17
1,200
6%
6%
Jan
Feb
Jan
20%
7%
Kokenge
5%
Jan
15
16 3
4
2,400
14%
Jan
18
Mountain City Copper common...
Mountain
States
25%
25
25%
75
24%
Jan
26
Jan
6%
Corp
...1
Elec
7%
Kennedy's
pfd
...
Key
Co
Kldde
4%%
6%
125%
26
26
100
22
200
•
& Co
Kimberly-Clark
27,700
8%
7%
9
13%
13%
14
24
19%
650
...5
1,100
common
(Walter)
9%
.
20%
.5
.
9
_
*
Inc
6%
11
Jan
9%
_
Kings Co Lighting
preferred D
.100
_
7%
100
pfd B
.100
Nachman
Kirkland
Klein
G
(D Emil)
Kleinert
Knott
Lake
Corp
Inc
(I B)
Co
Co
125%
Feb
National
26%
Jan
__
109
__
Jan
Feb
Jan
26
Jan
9
Fr>b
14%
Feb
Jan
109%
Jan
--
81%
82
40
73%
Jan
85
Jan
65
81%.
65
20
61
Jan
69
16
17%
13%
Jan
17%
Feb
5%
5%
7,600
4%
Jan
.1
10%
10%
11%
5,300
7%
Jan
12%
Corp common
1,7,-.
1%
5,900
1 %
Jan
1 %
Feb
k
Feb
—.1
—1
Brewing
1
Co
Clay Prod-
3,300
6
6
Feb
24
20%
__
9%
—
21%
9%
10%
16%
16%
300
Jan
19%
Feb
Feb
23
Jan
Jan
10%
Jan
20%
9
1,500
•
Jan
17%
__
Corp
Lane Wells
ft
of
Co
1
14%
xl3%
1
Machine
Delaware
7%
7Vs
5
common
8 %
16
Langerdorf United Bakeries class
Class
14
5
Mines Ltd
Foundry
A
B
400
16%
8%
14%
Jan
25
18
300
8
13%
Jan
14%
4,000
12%
Jan
15 */»
6,000
15 »/8
5%
Jan
8%
700
6%
Jan
16
16 %
1,900
15%
Jan
27
27%
250
•
—
Prior
Leonard
Le
preferred
Oil
Tourneau
For
—
16
'
400
.
—T1.25
1
page 965.
440
Feb
Jan
53%
Feb
Jan
3%
Jan
15%
Jan
12%
186
Jan
Feb
189
Jan
19%
450
17%
Feb
19%
Feb
37*
125
37
Feb
39
Jan
Jan
5%
Jan
Jan
2%
Jan
5 3/a
2,500
5
2%
1,900
2%
9%
2,100
32%
600
9
31%
Jan
4%
2%
2%
9
138 %
134
24
22 %
21
22%
138%
70
8%
30
134
Jan
9%
Feb
Jan
32%
Feb
138 3/4
Feb
Feb
24
Feb
200
21%
Jan
3,750
16%
Jan
22 %
Feb
Jan
121/4
Jan
15%
Jan
15%
2,000
11%
Jan
6%
6 %
67/b
500
5%
Jan
7
4%
4
4%
11,000
3%
Jan
4%
15
15%
45
Jan
Jan
44
44%
70
14%
14%
3,900
14
Jan
15%
14
14%
700
12%
Jan
14%
Feb
17
Jan
18
Jan
37
36
37 %
1,000
36
Feb
39%
Jan
13
14
1,400
24
24
24
100
14%
1
2
•
•
National
Transit
12.50
National Tunnel & Mines common
1
National Union Radio
30o
National
Steel
Car
Ltd
(Herman)
Corp
—
4%
14
Feb
24
Feb
Jan
14%
Jan
11%
14%
14%
3,100
10%
2%
900
1%
Jan
2%
Feb
4%
4%
2,000
4
Jan
5%
Jan
12
13
700
10%
Jan
13
Feb
13
14%
200
13
Feb
16%
Jan
10
Jan
8
9
16%
10%
300
10
200
Jan
10%
Jan
~1%
26
26
9
New
91%
117%
ft Arizona Land
Park Mining Co
common
4
116% 118
775
8%
Y
Feb
N
Feb
N Y
Auction
Co
—...1
•
Feb
N
Y ft Honduras
Feb
N
Y
Rosarlo
Jan
Jan
Feb
120%
63
Jan
34
116
Feb
8%
Jan
100
14
Jan
15%
Jan
Jan
65%
2,100
63
Feb
67%
4%
5%
8,700
4
Jan
5%
2%
70,0
2
Jan
2%
Jan
82
Jan
Jan
10
Jan
9%
9%
9%
500
2%
2%
275
30
Jan
N Y
15%
Jan
16
Feb
7
Jan
N Y Water Service 6*
Jan
Jan
Feb
2
Jan
5
35
Jan
47%
Jan
20
—10
N Y State Electric ft Gas $5.10
Jan
8%
Feb
Jan
21%
Jan
Jan
Jan
Jan
170
i—10
Merchandise
Jan
94
31%
7%
15%
2%
•
common
9%
Jan
82
5%
City Omnibus warrants
Jan
Jan
2%
64%
1
Zinc
92 3
88
28%
91
15%
——25
Jersey
Mexico
75
9
9%
Feb
10%
Jan
12
44
"l%
13
*
England Power Associates—
•
6%
preferred
-—100
$2
preferred
—*
New England Tel & Tel
100
New Haven Clock & Watch Co—
•
4%% conv preferred
20
Feb
Jan
24
1%
14%
8
——8
Neptune Meter common
Nesle Le Mur Co class A
Feb
Feb
Jan
42
1
Fabrics.,
Stores common,
Pressure Cooker com
26
7
*
Inc
see
xl5%
10%
*.
—
footnotes
5
5
Development
(R G)
1,100
Feb
Jan
Jan
3
5
5
32
•
Mallinson
Shipbuilding Corp—
Founders
Monotype
37
37
13%
188
11
•
34
•
Machine
La Salle Ext University
Lefcourt Realty common
Lanston
19
.—...25
New Process Co
Lamson
186
19%
National Rubber Machinery—
National
New
Lakey
13%
13%
186
28%
Jan
1
common
New
Lake Shore
800
Jan
—1
•
new common
New
Laclede-Christy
4,300
3%
Feb
1 .V,
—10
Kobacker Stores
Krueger
17%
common
10
9
Jan
•
Rubber Co..
38
105
11 %
National Mfg &
___1
Ltd
5%
3%
24
common
Feb
1
.
M
5%
common—
Jan
—1
__
__
5%
2,000
I100
preferred
Nelson
King Seeley Corp
Kingston
Products
Kirby
Petroleum
Jan
Jan
Jan
Feb
Corp—
preferred
8%
N
1%
9
100
Kawneer Co
10%
-5o
36
28
11
1-2%
Co
National Fuel Gas
&
900
10%
Power common-
National Breweries common
K
Gas
9%
105
Jan
Namm's
Kansas
25
38
8%
*
-10
Producers
Mountain
National Bellas Hess
Kaleer-Frazer
38
Jan
«
Co
38
Jan
2,400
15%
_
_
Feb
Jan
*
preferred
Feb
9 3/a
•
•
lOo
Moody Investors pai^ic pfd
Morris Plan Corp of America
Muskogee Co
1
common
3%
Jan
«
Muskegon Piston Ring
Co
Jan
8%
-.5
Utilities.
Murray Ohio Mfg
Glass
3
—1
—
Mountain States Tel & Tel
Jeannette
2,800
3,000
Jan
*
trust ctfs__»
3%
9%
..1
—
Monogram
Dakota
3
9
—1
Montgomery Ward A
Montreal Light Heat ft Power
13%
12%
600
Missouri Public Service common—
Jan
Jan
^
3%
_•
15%
Jan
1
9
I100
pfd
15%
Feb
29
500
12%
5%
L
Feb
67%
Feb
500
4
&
P
Molybdenum
Corp
Pictures common
Monroe Loan Society A
Jan
13%
25%
25%
1
Jan
600
15%
12%
21
28
6,800
15'a
3%
Feb
58%
1,600
15%
15
-
19%
200
15%
__
5
Investors
1.400
20'.1
65%
*
common
Royalty
Iron Fireman Mfg
Irving Air Chute
19%
__
—
preferred
conv
Feb
Feb
3Va
-50
common
Mining Corp of Canada
Minnesota
Jan
Feb
9
.50#
1
Refineries.
Mid-West
Jan
93
850
98
108
Jan
106
100
of
Jan
94
Jan
4%
23
Piping & Supply com
107% 108
Jan
Jan
6%
2%
•
common
20%
108
6V4
50
Products—
non-cum
Midvale
1
—
Feb
7
9
c
Corp common—
$1 conv pfd
Oil
Feb
Jan
110%
6%
2,100
Middle States Petroleum class A V t 0.1
Middle
6%
3%
18%
"2%
..1
13 %
100
preferred
Insurance
Feb
Jan
20
5%
.....2.50
13%
13 %
I
25o
preferred
Participating
Jan
1,300
157/a
110
—.106
Co
Iron
Mefyl Textile Corp
13%
__
800
6
A preferred
8%%
Messabi
Jan
3,050
14%
18 ¥4
Feb
3,600
63
17
2,600
18
•
Warrants
Jan
Jan
'
Michigan Bumper Corp
Michigan Steel Tube—
Michigan Sugar Co.
700
62 %
..
£1
Lt 4% pfd
preferred
6%
Jan
Jan
4,000
2%
common..—..I
Natural Gas
Menasco
Midland
•
Pow
Feb
Jan
19% Feb
4%
2
Jan
26%
7%
£1
Service
14%
113
Jan
Imperial Tobacco of Great Britain &
Indianapolis
Jan
Feb
25
100
Imperial Chemical Industries—•
Indiana
1% Jan
10%
—
"9%
Mead Johnson & Co
Jan
1,900
fl
.*
$2.50
Jan
Jan
LkL
Co
Power Shovel
Corp common
preferred
McWilliams Dredging
Feb
43
115%
4,200
17%
Ireland
Feb
__
Feb
180
20
350
8%
50
Canada
19%
1
Communication
Midland
of
Jan
Mass Utilities Association v t o..._
Marion
61
ctfs
Registered
Imperial Tobacco
16%
Feb
32 %
•
Am dep rets regis
Imperial Oil (Can) coupon
19%
39%
12
common
Xl9%
Jan
Mlcromatic Hone Corp.*
Co
Jan
19%
37
•
preferred
9%
Marconi Internat Marin#
Preferred
arrear
26
Jan
80
5%
8%
5
Zinc
29
Jan
7%
mm
Feb
60
Hygrade Food Product*
conv
Jan
24%
Feb
41%
Jan
29
100
1,400
3,500
2,100
Jan
181
Jan
M
Manatl
Jan
Jan
114
•
5%
•
g
31
9%
6%
1
Dividend
—1
Jan
25%
78
.
8%
8%
27%
41%
500
25%
Jan
41%
11%
8%
Jan
180
__
10
——
23
39%
_
31
200
38%
1
Illinosi
—
—
Feb
Jan
■
5
Lynch Corp
Feb
31%
•
common
Jan
*—•
Louisiana Land $1 Exploration
Louisiana Power ft light $6 pfd
Feb
60%
purch warrants
Co
30
26% Feb
32% Jan
11% Feb
Jan
31%
common
Power
—
Feb
83%
5
preferred
Hydro-Electric Securities
Illinois
«...
200
5
1st
Jan
Jan
107
Jan
_•
—_
24
X6%
6%
100
Hubbell
700
X26 % x26 %
6 %
—
•
Baking Co
Horn
18
26
Jan
11%
3,100
5
common
Jan
25%
Jan
16
83%
3,200
33% x35 %
34
25
105
(
10
& Co
16
25%
Feb
21% Jan
15% Jan
1
500
Common ctfs of dep
1% preferred A ctfs of dep
«% preferred B ctf# of dep.
Feb
3%
30
13
•
Jan
12%
1,000
■
106
!
Jan
2,700
5
3%
13
l
18
Logansport Distilling Co**
Lone Star Gas Corp common
Longines-Wittnauer Watch Co
Long Island Lighting Cox-
•
(Geo A)
Com stk
68 %
4%
3%
106
Inc
Huyler's
300
2
G M
Holly Stores Inc
Holophane Co common
b%
500
100
ft Co class A
Hormel
8%
34%
100
„
w
w w
Hollinger Consolidated
Horder's
800
•
Henry Holt ft Co common
Heyden Chemical common
Hoe
12%
High
17%
Locke Steel chain
__
Low
17%
___•
Class B_
Hall
Range Since January 1
High
—5
-
—*
Loblaw Groceteria#
H
Shares
_„10
——
Lipton (Thos J) Inc 6% preferred—.25
Lit Brothers common
•
•
for Week
of Prices
Low
Par
1
Jan
Jan
Last
Sale Price
Exchange
High
Line
43 %
York
Sales
Week's
Friday
113% 114 %
114%
ENDING
for Week
Range
Sale Price
WEEK
Sales
Week's
Last
STOCKS—
York
New
FOR
963
Jan
44% Jan
2,200
1%
Jan
200
23%
Jan
1%
29
Jan
Jan
shares
12%
1
pfd.100
pfd
101
Niagara Hudson Power dommon
1
5% 1st preferred
—
—100
5% 2d preferred
—100
Class B optional warrants
—.
13%
500
—
—
61
9%
117%
1%
56
„„
61
310
10%
Jan
13%
Feb
105%
Jan
105%
51
Jan
Feb
Feb
9V4
Jan
10%
21,300
117% 118%
650
115
Jan
114% 115
1%
1%
70
111
Jan
2,100
1
Jan
93/4
61
10%
Jan
124
Jan
117l/o
.Inn
'
THE COMMERCIAL & FINANCIAL CHRONICLE
964
NEW YORK CURB
'.j
tk.
RANGE
.
Last
Exchange
Curb
Range
Shares
*
1
Electric
Noma
North
commoa__l
Light k Power
Amer
North
B
Central
Airlines
RR
Penn
North
Co
Northern Indiana Pub Serv 5%
Gas
Natural
Northern
Power class A
Northern States
11%
Jan
137/a
Feb
Ronson
Jan
11%
Jan
Roosevelt
1%
Jan
3,600
11!
18
7%
16,400
8
5
Jan
Root
20%
Jan
Rotary Electric Steel Co
Royallte Oil Co Ltd
11%
Feb
Russek3 Fifth Ave
2
Jan
Jan
Petroleum
Co
Feb
Ryan
300
37%
Feb
40%
Jan
40
200
36
Jan
40
Feb
121
200
11%
Jan
6'
71
3,900
6 '/a
Jan
13
7¥a
—
—
—
--
—
5 ¥1
Jan
50
108%
Feb
110
55%
Jan
58
Jan
6,800
37
Jan
46%
Feb
8%
3,500
7
Feb
8%
300
30%
31%
Jan
600
Jan
5%
Jan
7%
8%
1,200
6%
Jan
8 Va
Feb
24%
1,100
19%
Jan
24 ¥a
Feb
15%
Jan
18%
Feb
Jan
12'/4
1.25
100
6%
6%
800
6¥a
Jan
6%
Feb
678
6%
7%
600
6
Jan
7%
Jan
1
5%
4%
5%
1,200
3%
Jan
5%
Feb
Feb
common
•
$2
conv
pref.
13 Va
12%
13%
27,500
8%
Jan
13%
39%
43
10.775
33%
Jan
43
Feb
10%
10 Va
10%
13,300
8 3%
Jan
10¥4
Feb
-1
A
41
5
Class
7%
7%
8%
8,600
6%
Jan
9 Vb
Feb
1,700
3%
Jan
5¥s
Feb
50
St.
Feb
O
._1
Schlff
Co
Co
Ohio Brass
Ohio
Oklahoma
class
4%%
Power
B
common
preferred
Natural
Gas
2
•
35
2%
1,300
35%
250
2%
\'i
2 ¥4
Jan
com—15
35%
35%
1
8 %
8%
'
200
31
Jan
36
Poindexter
Oliver
United
B
115
Jan
35
Jan
37%
Lock
&
8 ¥4
Jan
Pacific Gas k Elec 6%
5% %
1st preferred
Pacific
•
12 ¥a
Jan
13
Jan
Selected
8
"l"27a
100
12%
600
10%
Jan
12%
Feb
500
14%
Jan
16
Feb
$5.50
Lighting
$5
1st
pfd
preferred
Tubes
11%
Jan
12%
Feb
1,500
39 7/a
Jan
41 Va
800
35%
Jan
38%
Feb
%
60
41 %
40 3 4
%
38%
37%
3
104 %
113
100
Jan
105
Jan
113
Jan
X11434
Jan
13%
•
Feb
13%
Feb
•
Industries Inc
Paramount
Parker
Motors
Pen
Corp
Co
2%
2%
2%
47.700
11%
10%
11%
13,300
12
12
13%
1,400
11%
Jan
137/s
Feb
4%
1,200
3%
Jan
4%
Jan
21%
100
19 %
Jan
21 Vb
Feb
4%
24,100
Radio
1
Corp common
Control
Seton Leather
1
common
Shattuck Denn Mining
5
Shawinigan
Water
50
Jan
3%
Jan
10 ¥a
Jan
12%
Jan
12
Feb
36%
Jan
52%
•
preferred
Breweries
Canada
2
Feb
Silex Co
Ltd
•
15
Jan
18%
Feb
Jan
69
Feb
•
48%
48%
150
47
Jan
51%
Jan
26 ¥4
Feb
1%
~7
4,300
5 ¥4
Jan
7
Feb
9%
10
220
8¥a
Jan
10%
Jan
Smith
4 %
800
3%
4 %
Feb
Solar Aircraft Co
1
113% 113 %
100
112 Va
Jan
113%
Feb
Solar
1
5%
5%
100
47/a
Jan
5%
Jan
67%
68%
350
25
Penn Water k Power Co
•
Pep Boys (The)
Circle
Pharis Tire Si Rubber
com
50c
Pierce
Governor
PInchin
Gold
Am
•
Jan
Soss
5C%
Feb
South
Coast
Jan
55%
Feb
South
Penn Oil common
11
9,800
8 ¥4
Jan
11
Feb
Southwest Pa Pipe Line
Southern California Edison—
13%
600
10 7/a
Jan
13%
Feb
19
Jan
21%
Feb
20
20 %
400
14%
Jan
21
Jan
1
~31;{
~3%
5%
5%
2
13%
12% Xl4
50
58
58
60%
5
11
10%
Polaris
Power
6%
&
common
1
6 %
6
Alexander
common
common
2.50
61
5%
8
1
Inc
4,200
10 ¥a
Jan
xl4
Feb
Metals
of
America
1
53
Jan
61
Feb
Standard
11%
1,150
8
%
Jan
11%
Feb
%
200
6 %
Feb
7%
Jan
Standard Cap & Seal common
Convertible preferred
Standard Dredging Corp common
3,100
19
5,700
47
Public Service
1st
1
1 %
1%
16%
100
preferred
6%
Jan
15¥a
Jan
19
Feb
Jan
13%
Feb
43%
Jan
12,000
1 Va
Jan
Southern
Pipe Line
Royalty
prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Jan
47
1%
Jan
1,200
"9%
Jan
1 7
8
7,200
1%
Jan
16%
500
16%
Jan
Jan
12%
Brewing
*
2
common
108
Jan
110%
Jan
7%
308
7%
39 %
Jan
7¥4
Jan
305
309
110
67/8
290
5%
Jan
Jan
312
Jan
Jan
5 ¥4
15 %
Jan
Jan
Jan
13%
14%
13%
Jan
7%
7%
8%
1,000
7%
Jan
8%
Feb
3
3
3%
2,900
3
Jan
3%
Jan
9
2,900
13%
3,400
6%
9
Feb
7
Jan
Jan
5 ¥8
Jan
31¥s
Jan
33
35%
80
33
Feb
35 %
Feb
43
43
10
41
Jan
43
Feb
32%
32%
200
31
31%
700
33%
Feb
31%
Jan
32¥s
Feb
30 %
Jan
31%
Feb
Jan
147 V2
Feb
7¥b
Feb
143
Standard
7
Jan
Standard
Tube
18
Jan
Feb
8%
8
1,300
Feb
7%
Jan
8%
Jan
9
Jan
2%
Jan
2 ¥4
Jan
~2%
23 %
24%
1,700
19%
Jan
25%
Jan
35
35 %
100
32 ¥4
Jan
36
Feb
4%
500
3 ¥4
Jan
4¥a
Jan
19 %
19 %
19%
50
19
Jan
20%
Jan
13 %
13%
1,500
10
Jan
13%
Feb
31
30%
31
1,100
2 7 ¥4
Jan
31
Feb
Feb
Feb
2 %
23 %
20
~2%
12,600
124
123
12%
12
3
Jan
3
Jan
3%
110
Jan
1,200
10
Jan
12%
Jan
4%
6%
Jan
9 %
Feb
75 ¥4
class
3%
200
110
4
4
3%
Co
3%
3%
3%
Light
B
123
(The)
16%
700
10
10
Products
200
2,000
13%
preierred
&
7%
18
4 %
2.78
(Ky)
class
7%
17
7%
Oil
Standard Power
7%
18
Jan
77%
Feb
B
8%
Corp
8%
9 1
>
5,800
124
Jan
Feb
Feb,
Jan
Stetson
15
Jan
17%
Jan
Jan
29 %
Feb
14
14%
575
13%
Jan
14%
Feb
11%
11%
11%
100
10%
Jan
11 %
Feb
Jan
96
(A)
&
Co
26
170
26
27%
750
22
Jan
27%
Feb
28%
common
28%
29
900
27 V4
Jan
29
Jan
100
6 ¥8
Jan
7%
7%
common
15%
15 %
15%
175
(Hugo) Corp
Stop & Shop Inc
Stroock (S) & Co common
2%
2%
2%
300
16
16
29
29
31%
Sunbeam
33
32
33
39
3«%
19%
19%
(J
B)
Co
Corp
Cement,
Inc
3%
Finch Oil Corp
3%
3%
1%
7%
5%
Jan
2¥b
Jan
Feb
Feb
Jan
Feb
15
Jan
16
1,550
25 Va
Jan
31¥a
Feb
700
29%
Jan
33
Feb
40%
250
31V4
Jan
40%
Feb
20%
1,150
18
Jan
20¥8
Jan
Jan
4¥e
Jan
Feb
13%
Feb
4
100
400
3%
13
10
Jan
Jan
90%
1,900
Feb
13
Jan
18%
7%
17
Jan
Jan
110%
161
1,250
11
116
Jan
16%
2,900
Feb
25%
15'
14%
39
16 %
3,300
Feb
700
Feb
5%
108
29%
Jan
12%
114'/a
40
Feb
20
108% 1093
24
Jan
4%
Jan
560
157
9%
11%
109
94
Jan
22%
4%
Jan
168
14
141
12 %
108 Va
10
93%
Jan
500
Sterling Aluminum Products
Sterling Brewers Inc
Sterling Engine Co
Sterling Inc
75
167"
600
Stein
114 %
94
500
14
Jan
30
•
233
13%
Jan
14%
•
22%
153% 157
2,900
400
Stinnes
100
4
8%
Standard
Swan
Oat*
Feb
4a
1,500
Superior Tool & Die Co
preferred
4%
4
4%
6%
5
Co
Ray Drug Co
Superior Portland
6%
Jan
Jan
Feb
Jan
8%
3
Quebec Power Co
13%
32%
Sun
Quaker
Jan
2
17%
10
Manufacturing
12%
Jan
Steel Co of Canada
109
27%
Jan
Jan
114 %
29%
Feb
Jan
8 ¥4
6%
Forgings Corp
Feb
108
•
4%
1%
500
7%
10
Co
Standard
Starrett
12%
108% 108%
100
$5
3%
1,000
Jan
of Colorado—
preferred
Puget Sound Power & Light—
Pyrene
Feb
6%
Jan
50
1%
•
1st
5 ¥,
8 ¥1
11%
•
Providence Gas
11%
1,000
2
32 "2
Spencer Shoe Corp
Stahl-Meyer Inc
700
3 %
.
•
common
1%
4 %
12
8%
Preferred
47
1 %
Jan
25
Feb
Common
•
Producers Corp of Nevada
Prosperity Co class B
7 %
6%
Jan
61
22 3
5%% preferred series C
25
Southern New England Telephone—100
5Va
•
Mining
Feb
13 %
25
"3%
11
17
18%
89
Jan
10
original preferred
preferrd B
900
100
Pratt & Lambert Co
Premier Gold
6%
5%
$1.60 convertible
25c
4%
1
12.50
9,000
6
Jan
11%
32%
1
common
Corp common
SO
10
1st preferred
Pressed
Manufacturing
5%
>4
50
Corp of Canada
Prentice-Hall
<
Southland
Mining Co
Powdrell
9%
Jan
Jan
1
RR
88
1,600
Jan
69
1
Pittsburgh k Lake Erie
Pittsburgh Metallurgical common
Pleasant Valley Wine Co
—1
7¥a
1
50
127s
•
Manufacturing Co
Sonotone Corp
39 ¥a
CO
Feb
89
11%
100
Paper Mills
41 Va
Ltd
Pneumatic Scale
(Howard)
200
shs
Feb
87
£1
500
com
E
regis
Sioux City Gas & Elec Co—
3.90% preferred
12%
20%
1
100
ord
rets
400
Mines
L
dep
8%
Piper Aircraft Corp
Pitney-Bowes Inc___
Pitts Bess k
Amer
10%
10%
__
Feb
21%
Jan
•
55 %
•
common
Johnson Ltd
Pioneer
•
Jan
64
preferred
49%
7%
•
Philadelphia Co common
Phillips Packing Co
Jan
Jan
convertible
53%
7%
20
Co
28%
$3
Simplicity Pattern common
Manufacturing Co
Singer Manufacturing Co Ltd—
Singer
48
1
Pepperell Mfg Co
Perfect
5%
3%
Jan
82 %
Slmmons-Boardman Publications—
5 9 ¥4
Co
Jan
1538
50
•
common
380
100
2.50
2 3%
6,900
•
1,000
pfd
9,500
1%
100
1,750
4%%
3%
12
13%
18%
Penn Traffic
Jan
Feb
86%
4
V
12
153 %
52 %
3%
24
Jan
12 ¥4
11%
1
69
*
4%
Jan
21%
3
25
,
common
17%
com
3
20 34
19%
Jan
11
Power
&
Sheller Mfg Co
Sherwin-Williams
64%
Penn Gas k Elec class A
Penn Power k Light
50
•
17%
6%
24
86%
1
1
class B
50
10
3%
24
89
Inc
1
1
4
certificates
5
Pennrond Corp common
Penn-Dixie Cement warrants
21 Va
3
•
Peninsular Telephone common
$1 cum preferred
4
20-
Corp
Jan
'
1
common
Patchogue
48
Jan
37%
13 %
Parkersburg Rig & Reel
Plymouth Mills
Feb
6%
Jan
33
5
Sherwin-Williams of
1
32%
Feb
1,200
25
Safety
Sick's
Pan American
Airways warrants
Pantepec Oil of Venezuela Am shs
Jan
5%
24,700
stock
(R B)
4%
•
common
29%
200
5%
Feb
8
25
*
pfd
preferred
Page-Hersey
1,200
25
1st
Pacific Power & Light 7%
Pacific Public Service
$1.30
12 %
Jan
Feb
32 %
prior stock
Sentinel
11%
2%
6%
35%
•
Convertible
16
Sentry
11%
Jan
Jan
5%
_1
Selby Shoe Co
Serrick
common
1%
4%
34%
Feb
12%
P
Co
Hardware.
Jan
Jan
6%
Allotment
Can
32%
600
1,500
5%
•
Semler
Pacific
6
35 %
1
Jan
15%
1
Becurlues
5¥a
2%
5 %
_1
common
Corp General.
123/8
12 7
1
okiep Copper Co Ltd Amer shares—
Overseas
inc
•
Securities
12
1,500
•
Inc
Omar
O
Distillery
Filters
A)
Feb
Jan
Segal
Old
m
common
(D
Jan
112
35
100
new
2%
5 %
5%
.25
Schulte
50c
common
Feb
12%
6%
•
2%
Corp
10
12 %
1
Petroleum
Aeronautical
1
Ogden
4%
23%
Feb
31%
Feb
5%
•
Jan
900
46%
31%
15 ¥4
Jan
43
31%
Jan
Jan
56 % x57%
7%
Feb
14
Jan
445s
8%
30%
1,100
Jan
56 %
108% 108 %
Jan
15%
1
Ryan Consolidated
Ryerson k Haynes
176
25
Co
275
40
Jan
2,300
10
common
175
166
High
Low
30 %
15 %
151
inc
Range Since January 1
High
478
2
Works
Shares
20%
29
Fiela
of Prices
Low
5
Metal
Art
Sales
Week's
Last
Sale Price
Exchange
Corp common
^
3%
1
•
Inc
Corp
Novadel-Agene
4,500
Cable
12'
5
1
60
pfd.100
20
25
Aircraft
Northrop
Rome
39%
Utility Securities
Texas Oil
American
Northern
Feb
2.100
Curb
39%
1731
Rayon class A
common
Northeast
10%
20
10t4
10'
Jan
ia
York
Par
9%
"I
13%
18-
174
(6 preierred
North American
Class
~I%
.
High
1,000
10%
1
8
Nineteen Hundred Corp B
Mines*
N ipissing
Low
i
101
13 'a
13'
*
Friday
13%
9%
14
STOCKS—
New
Range Since January 1
High
Low
8
Niiea-Bemem-Pund
FEBRUARY
for Week
of Prices
Par
Niagara Share Corp class B com
EXCHANGE
ENDING
Sales
Week's
Friday
Sale Price
STOCKS—
Yoik
New
WEEK
FOR
Monday, February 17, 1947
Feb
Feb
18%
Feb
Feb
j
r
Raymond Concrete Pile
common
$3 convertible preferred
4%
j
Raytheon Manufacturing common—50o
s
Reed Roller Bit Co
•
Reliance Electric &
Engineering
3
Rice Stlx Dry Goods
\
Richfield
Oil
f-
Roeser
Rolls
i
19
8%
Jan
9%
1,100
317/a
Jan
34%
Feb
18%
19
2,800
14¥8
Jan
19%
Feb
121
90
Texas
Power
12,000
3%
Jan
5%
Jan
19%
750
17%
Jan
19%
Feb
Textron
Jan"
2-
Feb
Thew Shovel
Oil
&
&
common
Light 7pfd^.__.—180
Land
Co—.
2
Inc
30
30
225
28%
Jan
30
Feb
36
500
35%
Jan
38%
Jan
50c
Co
Tishman
51
53%
520
51
Feb
55
Jan
Roofing Inc
Realty & Construction
Tlvoli Brewing Co
12%
11%
12%
28,300
11
Jan
13%
Jan
Tobacco
22%
22%
22%
400
21%
Jan
23% Jan
Amer
19%
19%
20%
1,425
16
Jan
20%
Feb
Amer
30 %
30 Va
400
28%
Jan
32%
121
120
117
9
121
Jan
9%
9%
400
14%
20%
57,100
Feb
Jan
20%
20%
15%
16
Jan
10%
12%
Jan
20%
Feb
33
9%
19
Jan
36%
Jan
800
19 ¥•
Jan
227/«
Jan 1
300
14
Jan
17 %
5
common...^.
Tilo
35%
Jan
53%
%
1
&
Allied
-1
20%
1
1
Stocks
6%
6%
•
Jan
Jan
7
Jan
59
6%
700
Jan
63%
Jan
6%
6%
6%
26,100
%
Feb
6%
4,700
5%
Jan
%
6%
Jan
regis
dep rets def reg
Todd
Feb
1
Toledo
Shipyards Corp
Edison 6% preferred
preferred
Tonopah Mining of Nevada
2%
2%
2%
5,500
1%
Jan
2%
Feb
Trans Lux
& Elec 4% pfd F
& Pendleton Inc
100
•
Royce Ltd—
fJpv Am dep rets for ord
...
Xl05% Xl05%
26
27%
10
150
105% Jan
25 %
Jan
Corp
106%
Jan
Tri-Continental
28 %
Feb
Trunz
"page
£1
80c convertible
•
•
_.__100
100
1
1
l%
Jan
12%
Jan
800
1¥4
Jan
2%
Jan
99%
290
96%
Jan
99 %
106 %
111%
106%
60
105 %
111% 111%
140
110%
1%
98
%■
106
Jan
Jan
107
Feb
Jan
112
Feb
l¥e
1%
1,200
l¥s
Jan
l7/s
Jan
4%
4
4 %
2,600
3"%
Jan
4%
Jan
25%
3
8,800
2%
Jan
3%
Jan
SO
30%
Jan
32%
*
preierred—
103
2%
warrants
Inc
Tung-Sol Lamp Works
reg
see
11 ¥4
1%
dep rets ord
1%
C2fc$
For footnotes*
1,200
34%
17¥»
common
Inc
5%
1%
Corp warrants
Richmond Radiator
Rochester
9 Va
33%
Corp
Tobacco Security Trust Co Ltd—
IHl Rio Grande Valley Gas Co—
■I- ; (Texas Corp) vtc—
(I
8%
33%
•
Texon
19
•
|
k
4%
•
•
8%
•
Technicolor
Radto-Kelth-Orpheum option warrant*.
Railway &" Light Securities
Voting common
10
Railway & Utility Investment A
1
Rath Packing Co common
—10
1
Tampa Electric Co common
Taggart
R
?°%
1
6%
*
IzYb
321/2
7
12 %
1,100
iOO
5% Jaa,
10¥a Jan1
'
Feb
7% Jan,
12% Feb
965.
<"■
SUStr VJi **
+m4r~,
9
■
0- C *
,
1
•
Volume 165
Number
,
V
.
«•»
-V
THE COMMERCIAL & FINANCIAL CHRONICLE
4569
965
NEW YORK CURB-EXCHANGE
FOB
RANGE
WEEK
ENDING
FEBRUARY 14
York
New
Curb
BONDS
Week's
Last
Ulen
Realization Corp
100
corn-
United
United
Elastic
High
1
102%
103%
1963
F-A
104 % 104%
3
104
104%
107%
108%
Feb
Indianapolis P ft L 3%s
3%
Feb
International Power Sec—
11%
Feb
9%
1,100
9
Jan
9%
Jan
6%
100
6%
Jan
6% Feb
61
61
5%
61
130
6
7,000
5%
13
—— —...
«
!«
40%
Feb
7%
28%
150
A7s
A 7s
Jan
Jan
II
Jan
40
Feb
42%
United Gas Corp -common....— 1—10
15%
15%
16%
1,300
14%
Jan
17%
Jan
United
26%
20%
27%
15,000
24%
Jan
27%
1955
1957
F-A
1941
(Aug
coupon)-
Power
„
37
37
$39
42
38
1952
J-J
—
38
3
39
39
3J
mm
37
J-J
1952
J-J
84%
1963
Altalian Superpower 6s
41
32'A
38%
40
37
33
1957
Debenture 6S-
38
34%
1952
5s_
37
33
.
1957
-
(July 1941 coupon)
Interstate
$107%
J-D
-
series F
A7s
Jan
U
series E
M-N
^.—1955
.
(D«C I 1941 coup)
A6%S
A 7s
Jan
Jan
9,300
40%
40
%
a
1970
A6%s series C.
Feb
61
Jan
56%
28%
id
1*J
_
Low
102% 102%
Jan
....
Corp
High
J-J
Feb
,
Range Since
January 1
Sold
1950
3%
14
Bonds
5s.
ref
8%
11% Jan
2,200
•
Corp warrants.
ft
300
14
Friday's
or
Bid & Asked
5s_
Service
lien
1,800
—
50c
Products
Aircraft
1st
6%
—
Chemicals common
Indiana
3%
•
United.
United
1
High
11%
—
Union Stock, Yards of Omaha-
Low
9%
10%
Sale Price
No.
3%
__
5
Union Investment Co
Range Since January
Shares
High
13%
10c
—
Unexcelled Chemicals Corp
Union Gas of Canada
Last
Period
Low
10%
%
Udylite Corp.
Interest
Exchange
for Week
of Prices
Low
Par
New York Curb
Sales
Range
Sale Price
Exchange
Week's Range
Friday
U
Friday
STOCKS—
:
~
J-J
$39%
100
100
100%
38
119
100
16
78
94
33%
39%
85
102%
Feb
7
Light ft Railways—.....
•
United Milk Products
$3
United
Co
Molasses
Amer
United
United
95
20
95
Feb
100
Jan
118
70
101
Jan
118
Feb
RR ft Canal
Shoe
100
290% 290%
2%
25
Jan
291
2,500
50
67%
69%
1,075
67%
Feb
71
Jan
45%
68
25
Specialties
Jan
290
2%
12 %
45%
10
45%
Feb
47
Electric Power 3%s
Kansas Gas Electric 6s_
Kansas Power & Light 3%s
Jan
3%
Feb
Jan
1%
10
12%
Feb
J-J
1970
J-J
New
Amsterdam
14%
14%
14%
1,500
11%
Jan
14%
Feb
22%
22
23
2,900
20%
Jan
23%
Jan
-
1950
F-A
A-O
1967
M-S
1948
Gas
5s
5s
Conv
4Vis
U S
Graphite common
5
U S
and
•
$5
Co class B
International Securities
1st
U S Radiator
U S Rubber
Universal
1
common
Reclaiming
United Stores
Products
—
15%
3%
3%
88%
18%
Feb
Feb
110%
105%
107
102%
103%
$102
103%
58
58%
39
103
—
103 »A
15
—
111%
Jan
18%
Jan
5
Feb
2%
Jan
3%
Feb
1,500
18
4'A
5
3%
3%
—
55%
1U3
58%
104%
3
103%
100
77
99%
100%
100%
100
100%
21
99%
100%
M-N
100 'A
100% 100%
72
1961
-
103%
M-S
M-N
1948
England Power 3%s
England Power Assn 5s
Debenture 5%s
Feb
58%
1950
5s
New
900
18
deb
A-O
1954
J-J
2004
redeemed)_1948
ASVis series A (90%
103% 103%
99% 100
103%
—
100
100%
107% 107%
3
107 %
107%
101% 101%
—
J-D
20
101%
102%
29
102
104
J-J
N Y & Westchester
Ltg 4s
North Continental
Utility Corp—
common—
„10
—5
23
27
4
26 Vi
41
%
27
200
23
Jan
27%
Jan
24
Jan
Power
1st
Feb
a
4%
3,500
4,/s
Jan
4%
103
102% 103%
102% 102 %
$9%
1
%
102%
10
9%
102%
22%
1,500
21%
Jan
223/o
Jan
1st
mtge 3%s
1968
A-O
1971
A-O
Light 5s
1955
F-A
mtge 3s
Pacific
Power
ft
1
...5
preferred
Petroleum
12 %
11%
118
Manufacturing
5,600
118%
150
9%
120
Jan
105
6
6%
1,300
5%
Jan
2%
2,100
2%
Jan
9%
106% 106%
3
107%
109
106
106%
103 %
Feb
Corp
(Can)
4%s B
104% 104%
$78
J-D
J -J
—1959
80
$106%
104%
107% 107'A
M-3
77
77
107%
—
108
.107 %
105%
$105% 106
107%
105%
Public Service Co of Colorado—
Jan
6%
Jan
mtge 3%s
Sinking fund deb 4s
Feb
3%
1st
1964
J-D
1949
Public Service of New Jersey—
J-D
107
107%
13
107
107%
103'A
103 %
104
166
$103
159
166%
.
'
14
;
12%
Jan
2%
.200
-
12%
114
1
Venezuela Syndicate Inc
12
104%
J-J
1970
Power
Valspar Corp common
107% 108%
Jan
21^
22
Ohio
3%s
Vogt
110
J-D
1st mtge 3s
—1964
Pennsylvania Water & Power 3%s-1964
Venezuelan
111%
1
J-J
Park Lexington
convertible
1
6
110
._10
Utah-Idaho Sugar
Utah Power ft Light common
$4
110
105% 105%
1948
New
88 %
"82
._10
Co
3%
Jan
3 %
2,200
17%
Jan
14%
125
Jan
2,500
87 %
Feb
2%
—
3%
.50o
Oil
Insurance
Universal
-
—
common
Consolidated
Universal
—
88 %
preferred with warrants.
111% 111%
105%
1947
New Eng Gas & El Assn 5s
Foil
$105
M-S
1969
1963
Extended at 4% to
Milwaukee Gas Light
1
U S
J-D
2022
McCord Corp deb 4%s_
Midland Valley RR—
1
common
—1966
Jan
10
Machinery common
10
2%
12%
25c
Preferred
United
Kansas
Kentucky Utilities 4s_
Ltd—
Profit Sharing
preferred
10%
112
dep rets ord regis
NJ
United
95
110
_
_
•
preferred
participating
41%
14
100
12
Feb
14
Jan
6 %
perpetual certificates
M-N
165
Queens Borough Gas ft Electric—
Waco
•
3%
preferred
Ward
1
Co
1
Baking Co warrants
Aircraft Corp
Utilities
$6
1
..
Manufacturing
Texas
Jan
~5%
5.100
~3%
Jan
~5%
Feb
27
1,000
21
Jan
26
6,200
8%
Jan
12%
Feb
7 %
8%
21,850
6%
Jan
8%
2%
3,300
2
Jan
2%
Feb
8
8
400
8
Feb
8%
Jan
111
10
111
Feb
111%
*
5'A
111
10%
31%
31%
31%
50
Westmoreland
Coal
—20
31
50%
31%
250
Westmoreland
Inc
..10
Weyenberg Shoe Mfg
Wichita River
Williams
Willson
Oil
Brothers
preferred
Winnipeg
Elec
Wisconsin
P
Wolverine
Woodall
Inc
1
..25
ww
L
•
4%%
pfd
10
Inc
2
Petroleum
Woolworth
(F W)
American
__
_
17%
—5s
receipts
preference
Wright Hargreaves Ltd
—£1
•
17'A
8
__
14%
Jan
31%
33%
Jan
18
Jan
6%
23 %
Jan
27
Jan
18%
200
13 %
Jan
19%
18%
Feb
20%
Jan
17%
18%
300
8%
8
2,900
21 %
21%
15%
13%
1,500
6%
7
2024
4%s
1953
J-J
1955
21%
1964
15%
6%
7
Feb
Jan
16%
10%
600
10
Feb
10%
600
13%
Feb
14%
3
3%
Last
9,600
—
_
2jg
_
_
Week's Range
or Friday's
Bonds
Bid & Asked
Sold
Sale Price
+10118
High
118% 118%
102%
102% 103
105% 105%
+
No.
Low
5
103
Utah
Q-F
$166
170
165
+112V3
—
110
105% 105%
25
106
2022
J-J
83%
81
83%
20
76
104'
103
103
3%s
1954
1964
M-S
Power
5s
2030
A-O
84 %
83
86%
102
77
86 Vi
57%
67
M-8
66 %
104%
66
67
104% 104%
136
10
104
1960
J-D
1959
F-A
Traction
Penn
conv
s
105% 106
30
105 Va
J-D
102%
1969
J-D
$108%
1976
j.j
$104
5s
York
1981
A-O
1954
A-0
1993
--
M-N
..1965
—
€5
107%
—
108%
106
104%
105%
—
119%
May
--
J -J
68
7
60%
34%
36
4
27%
65
71%
109%
110
105%
1061/2
1
115%
118
101%
102%
101 % 101%
Week's Range
Bonds
Range Since
Bid & Asked
Sold
January 1
No.
Low
Last
Sale Price
or
105% 105%
$—
130
J-D
1950
J -J
1963
J-D
-.1958
j.j
65
.—Jan 1949
A-O
1107%
Jan 1949
A-O
1103%
10
82
$—
105%
_
_
82
1
62
104
76
62
~4
106 % 106 %
2
J-D
$22
1953
F-A
J -J
$25%
M-S
$ 13 %
$31
92%
A-O
Mortgage Bank of Denmark 5s
30%
31%
52
53
$21%
J-D
53
95%
98%
31
$96% 100
31%
—
$31
35
31
M-S
29
52
32
$31
J-D
(Plan A)
2%s—_—2008
92
2^/2
$52
(issue of Oct. 1927)
96
89
96
$92
$52
stamped
22 %
78
16
29
95%
96
M-N
Parana
76%
2.2
28%
6%s stamped 1958
M-N
1947
1947
1931
1972
31
(Plan A)
2%
6%s
ARussian Government
A5%s
J-J
2012
1919
—.1921
2
5
J-J
5%
53
4%
6
5%
J-D
5%
7
4%
6
105 Vi
2
104%
82
^Friday's
62
65
value.
.Deferred
deliver,
when issued;
—
*r'
Mh.it
.Odd-lot „le. tFx-a*trlbu«ou.
tmrna
flat.
AbbrevlaUens «ed abev»-"cod,"
tfre; "oonv." convertible;
107% 107%
dEx-Interest.
lE*"d'tlJend;
'
,
IReported In receivership.
-
.ale.
Dnder-the-iule sale, r Cash sale.
bid and asked prices; no sales being transacted during
n
ABonds being traded
105%
106% 106 V2
65
pap
(Ex-stock dividend,
i—
—
76%
$76%
5s
(Peru)
High
77
—
105'A 105%
65
High
j.j
M-N
•No
—
Friday's
A-O
J-D
36%
1948
!J
13
5
April 1946
Jan 1947
of)
$948
1955
AMortgage Bank of Chile 6s
68%
MS
B„
1
119%
64
1961
Power 3%s
Guantanamo ft Western 6s
1041/B
118
118
118
Period
Interest reduced to
$120
MS
Green. Mountain
111%
i
106%
106
2008
A 7s
$103% 105
1956
AGeneral Rayon Co 6s ser A
Grand Trunk West 4s
ill
$109% 110%
106
1951
Mtge Bank—
stamped
104%
51
+
$76%
Rio de Janeiro stamped
Interest reduced to
6s
103
69%
AMedellin 7s stamped
Delaware Lack ft Western RR—
Lackawanna of N J Division—
3%8.
1033
69
Interest
Exchange
Curb
Mortgage Bank of Bogota—
A7s (issue of May 1927).
104%
—
105
(Bait City)—
1993
1
7
111%
Maranhao stamped (Plan A)
Interest reduced to 2%s
106
B
104%
Union—
debentures
1
20-year
ALima City
104%
105%
mtge 4s ser A
8
111
J-D
Danzig Port & Waterways—
A External 6 %s
stamped
85
M-S
F-A
M-Q
mtge 4%s
lOo %
104%
104%
M-N
debs
income
Water
Extended
1969
1st ref 2%s series R
104%
106
Light Co—
Danish
102%
aerie®
&
7s
Bogota (see Mortgage Bank
ACauca Valley 7s
104%
6a
A-O
Friday
A
110 %
105
102%
Q
104%
—
1952
A20^year 7s
165
103%
Consol Gas El Lt St Pwr (Bait)—
1st ref mtge 3s ser P
1
% 104%
$105% 106%
Low
106%
31
A
A-O
1959
5%s
Railways (Maine)
Penn Electric
New
115
44
ser
4s
108 %
102% 102%
Hygrade Food 0s
& cons
Power
105%
106 Va
107 Va 107%
103% 103%
6s
J
BONDS
Debenture 5s
ft RR
lien
103
103%
Lt
N
119 %
102 %
A-O
Residential
J-D
3%s
Foreign Governments & Municipalities
118%
106
—Jan 1966
Gas ft Fuel
104
J -J
Light & Power Co—
68
1
1958
Water
Electric
Western Newspaper
19
1950
Finland
1968
1949
Edison
United
High
Debenture 5s
Elmira
—1946
110 %
114
1954
107%
102
Conv deb 5s
Eastern
43%
West
109%
106%
1948
Vi S
ser
36
West
102
115
! A Chicago Rys 5s ctfs (part paid)-1927
mtge 4s
50
(Hugo) Industries—
2nd stamped
January 1
1998
fACentral States Electric 5s
1st
45%
89%
Range Since
106
106%
Q-J
A
+
Stinnes
Wash
3
—
110% 110%
J-D
1st
41%
A-O
iqi-v 103
44
———
Jan
115
1970
Gen
39
4
104
108
Feb
3%
M-N
1962
Gas
50
103
107%
98
•
Jan
J-D
Boston Edison 23As
Consolidated
$45%
(Hugo) Corp—
A7-4s 3d stamped
A 5s
Jan
14
1960
mtge 2%s ser
J -J
104
108
*108
102
107%
Agricultural Mortgage Bank (Col)—
Bethlehem Steel 6s
ref
1946
104
$-_
Waldorf-Astoria Hotel—
Feb
J-J
Blckford's Inc 6Vis
1st
A-O
Jan
1957
Cities Service 5s
M-N
Debenture 6s series A
Telephone of Cahada—
B
1
1950
1st
Feb
107%
Jan
Jan
J-J
.
104
1989
Feb
Jan
13
M-N
A 5
107%
Stinnes
8% Jan
.
2,000
—
3%
deb 5Vis A
series
107%
106 %
__
Associated
5s
106%
5
Spalding (A G) 5s
AStarrett Corp inc 5s
United Light &
19%, Jan,
!
'
Jan
20
12%
800
16%
Feb
Jan
7
75
14 ',2
J-D
M
99%
14
—
6s series A
10 %
1961
series C
99%
__
107 %
j. J
Feb
250
13%
1970
1st
107
107% 107'A
F-A
United
500
20%
16
Appalachian Elec Power 3%s
Appalachian Power deb 6s
5s
$99%
107
Jan
19%
13%
(Calif)
Toledo
17%
25%
16
Period
City Electric 3 Vis
M-S
1970
Jan
Feb
Jan
Jan
J- J
Electric
A-O
A-O
mtge 3s
A7-4s
30%
107
Amer Writing Paper 6s
Bell
30
Feb
18
Interest
Exchange
120%
125
1971
Feb
117
15%
Low
Atlantic
Feb
100
Friday
BONDS
New York Curb
T & T
12%
Jan
117
Ltd—
deposit
6%
Assoc
1st
17%
25
1
.
8%
6,500
__
100
Cement
Portland
Industries
Woodley
1
common-
&
__
—
common
106
120 %
3%s—-1970
Gas
Southern Counties Gas
18
•
Co
12%
__
10
.
105%
$120
Southwestern Gas ft Elec 3%s
'
—1
Corp
ft
Products
Wilson
5%
& Co
C)
(R
1
California
Jan
—
.1.25
preferred-
$105% 106%
Af-S
Feb
2%
California
Feb
12%
A-O
Edisoil 3j-—1965
Southern
10%
12
(Wm)
Feb
Southern
West Virginia Coal & Coke
—5
Western Maryland Ry 7% 1st pfd_ -100
•
Western Tablet & Stationery com—
Whitman
Jan
4
13 %
26
5%
L
Warner
West
Jan
12'A
11%
—30
Watch
Wentworth
3%
400
_
8%
pfd
cum
200
13%
_
Waitt & Bond Inc
$2
3%
13'A
Wagner Baking voting trust ctfs ext..*
Waltham
Joaquin Lt G Fyr 6s B
Scullin Steel Inc mtgd v&—
San
Aircraft Co
7%
1952
1952
1951
£%s series A
W
...»
certificate, of deposit;
"M," mortgage; "n-v," non-voting
"f t" with warrants;
stock, v t V: «*?!*
.
without wamnta.
lit
THE
OTHER STOCK
RANGE
WEEK
FOR
Monday, February 17, 1947
CHRONICLE
COMMERCIAL & FINANCIAL
966
EXCHANGES
FEBRUARY 14
ENDING
Friday
Baltimore Stock Exchange
Last
Range
Sale Price
STOCKS—
of Prices
Shares
Corporation
Arundel
J
—
vtc
& Deposit Co
Preferred
Fidelity
Fideity
Mt
—
10
ft Guarantee Fire Corp
of Amer class A
40
10
Mfg
—
100
--2
Potomac Edison 3.60
25c
-50
100
114%
102
50
44%
prior preferred
Amsterdam Casualty
North American Oil Co
Northern Central
Ry
6.75%
pfd—
& Guar
g g Fidelity
.
—
1975
—
5s series A
Burd
Jan
Jan
Jan
315
Jan
17
Feb
17
Feb
Jan
37
Feb
101
6
10
200
40%
Jan
Feb
40
103%
Jan
26%
29
Jan
Feb
85c
Feb
114%
Jan
114%
Jan
101
Jan
102
Feb
44
380
Feb
85c
45
50
Jan
46%
Jan
90
Feb
96
15,700
Jan
Jan
98
Feb
400
Jan
102 %
Jan
Jan
13 %
45
Jan
49
44
45
200
41%
Feb
50
Jan
44
44
5C
44
Feb
45
Jan
part sh vtc B
Last
of Prices
Shares
Low
Par
Tel & Tel—
Woolen
American
American
Anaconda Copper
RR
Elevated Ry
Boston
Calumet
East
Boston
174%
Feb
Harnischfeger
50%
Jan
503/4
Feb
654
37%
Jan
413/4
50
16%
Jan
19%
Jan
275
131%
Jan
45%
Feb
50%
Feb
64
Jan
69%
Jan
Illinois Central RR common
Jan
Indep Pneum Tool (new)
Indiana Steel Prod common
47%
1,463
66%
255
36
35
—
39%
37%
7%
8
8
15%
30
29
29
5
39%
Feb
235
35%
Jan
260
6
Jan
8
Feb
Feb
6%
Jan
7
50
14%
Jan
18
Jan
30
Feb
55
28
8%
116
7%
Jan
8 %
Feb
206
23%
Jan
31 3/8
Feb
50c
50C
50c
Jan
51c
Jan
94
20
93
Feb
97
Jan
64%
—
100
100
--
64%
25
64
Jan
67
Jan
300
97
80
95%
Feb
99 %
121% 123
20
115%
Jan
124%
35%
Jan
97
97
100
100
100
121%
40
—
20
41
Jan
Jarf
Jan
47
20%
Jan
22
Jan
30%
Jan
32%
Jan
21
21%
31%
32%
321
55%
55%
57%
113
53%
Jan
59%
Jan
38%
38%
39%
1,740
35%
Jan
40
Feb
30%
30%
31%
850
29%
Jan
32
Jan
10
10%
195
9
Jan
10%
Feb
48%
50
545
45
Jan
51%
Jan
17
Public Service
National Stores
General Electric
Gillette Safety Razor Co
Engineers
21
400
32
First
Inc
17
90
16
Jan
17
Loew's Boston Theatres
Maine Central RR common
preferred
5%
1
—
*
Alkali Works
*
Mergenthaler Linotype
30
100
1%
—
30%
7
31%
10
60
—
31 3/8
Feb
Jan
323/4
Jan
51
Jan
60 %
Feb
17%
Jan
21
Feb
1434
Jan
19%
Feb
40c
Jan
67c
Feb
Jan
106%
Feb
121
Jan
1
19
20%
Nash-Kelvinator
5
18%
183/4
19%
80
National Service Cos
1
46c
45c
55c
England Gas & Elec Assn—
5%% preferred
Feb
2%
129
195
Inc
32%
Jan
60%
19
Narragansett. Rac'g Assn
7%
Jan
355
2
6%
_
Feb
Jan
6
32
2
_
170
31
6%
32
100
:
Mass Util Associates v t c
Mathieson
48%
*
25
100
Copper
1,000
New
*
100
2.50
New England Tel & Tel
Old
Mining
Butte
North
Colony
Suburban
34%
35%
25%
26%
common
Twist
United
Fruit
United-Rexall
United Shoe
6%
4
3%
14
40C
400
1%
Jan
Jan
4
2%
Feb
35 %
Feb
178
283/8
Jan
2,270
24%
Jan
26%
Feb
1,642
3%
Feb
4%
Feb
14
32c
5
400
13%
Jan
14
Feb
30c
Jan
50c
Jan
14%
14%
15
345
13%
Jan
15
Feb
16%
•
•
Inc
15%
16%
370
14%
Jan
17%
Feb
13
Feb
13
13
*
13
10
Feb
13
Feb
•
Co
37%
37%
373/4
95
35%
Jan
44
43%
443/4
95
43%
Feb
46
Jan
•
Drill
3734
5
Torrington Co
Union
3
34%
„
Securities
Elec
Jan
25%
preferred
Websffer
Feb
1%
•
Shawmut Assn
&
116%
1,700
3
25
*
100
Corp
Stone
250
1%
l3/8
1%
—50
Pacific Mills common
Rutland RR 7%
98%
116% 119%
_
100
RR
Pennsylvania RR
Quincy Mining Co
Reece
_
360
102% 106%
103%
50%
48%
50 3/8
2,886
443/4
Jan
51%
Jan
113/4
113/4
50
10%
Jan
11%
Feb
Jan
71
Jan
Machinery
common
preferred
2.50
25
68%
25
Drug Inc
46%
,
10
U S
Vermont & Mass Ry Co
Waldorf System Inc
(S D) Co
Westinghouse Electric Corp
—;
750
67
46%
50
453/4
Jan
46 %
Feb
57%
60 3/8
380
4 8 3/4
Jan
60%
Feb
48%
100
43 Ya
Jan
47%
145
100
*
Warren
577/a
—
•
12%
—
64%
—
Sale Price
Admiral Corp common
Advanced Alum Castings
Aetna
Ball
Bearing
Allied Laboratories
Allied Products
—1
common
Corp
—5
—
—•
common
145
145
137
Feb
145
7%
—
•
«...
5
common
Armour
ft
Co
•s
17%
64%
70
61%
Jan
64%
Jan
28%
899
23%
Jan
28%
Feb
63%
27 5/s
Week's
Range
of Prices
Co
Berghoff Brewing Corp*.—
For
5.
t
,
;t.,
«
.
footnotes
see
.
page 974.
Feb
16
Jan
9%
Jan
lis,
Feb
8%
Jan
1,750
11%
250
150
93/8
Jan
52
1,200
65
9%
Jan
Feb
65
8%
9%
3,550
7%
Jan
9%
Feb
313/4
31%
200
29 Va
Jan
31%
Feb
Feb
15%
16
250
13%
Jan
16
583/8
58 3/a
100
54%
Jan
58%
20 %
20%
350
18
Jan
21
Feb
19 %
19 %
400
18
Jan
20
Jan
--
Feb
10 %
Feb
400
9%
Jan
100
203/4
Feb
22%
Jan
1,900
10 %
10
201/8
Jan
22 %
Feb
27%
Jan
33
Feb
Feb
70
Feb
Feb
x24
21
20%
21
20%
20 %
22 '/a
29
33 %
900
66%
70
150
64
23
23
20
23
16
16 3/4
500
16
Jan
17
29
29
100
24%
Jan
29 %
24
24%
400
22
Jan
25
Feb
Jan
18
Jan
33%
—
Jan
16
22%
•
1
*
50
300
16
22 %
270
203/4
Jan
24 3
14%
1,100
13%
Jan
Xl7
16%
21%
14%
700
10
9%
40
Jan
2
Feb
Jan
4
14%
Jan
Jan
10
Feb
Jan
56%
Feb
Feb
7%
Jan
8 %
56
Shares
6%
200
29
Feb
10 %
900
9%
Jan
10%
Feb
24%
650
20%
Jan
24 %
Feb
37%
36%
38 %
550
26 %
Jan
38%
Feb
34
34
34 %
900
29%
Jan
34 %
Feb
22 %
23 %
3,900
20
Jan
23%
Jan
12%
133/8
10.400
93/4
Jan
13%
Feb
16%
16 %
600
15 %
Jan
16 %
Feb
18
18
50
16%
Jan
18
Feb
19 %
19 %
200
16%
Jan
19%
54%
54%
20
54%
Feb
54%
Feb
62
62
64 Va
300
56
Jan
64%
Feb
30
29 %
30 %
90
29%
Feb
30
Jan
42 %
43%
200
39%
Jan
43%
Feb
27%
28 %
200
26
Feb
28%
Feb
14
14
200
14
Feb
24%
25
1,050
24
Jan
10
175
Jan
180%
180
148
Jan
176
Marshall Field 8s Co common
Middle Went Corp capital
Miller & Hart Inc common vtc
preferred
prior
$1
Brewing
Minneapolis
Co
common
Mfg common (new)
Chemical Co pfd
Modine
North
Corp
111
Northern
common
Car
American
Util
Nortnwest
common
pr
common
Manufacturing
common
(The)
Pen Co
Parker
com
(new)
Peabody Coal Co class B com
6%
preferred
Penn Electric Switch class A
Rrt
Pennsylvania
Service
capital
(The)
Circle
Perfect
Public
of
Co
Colo
common
Packing
common
Cummings
Schwitzer
Sears Roebuck & Co
16 V*
10
1
1912
*
*
10
20
*
•
180% 180 34
capital
capital
class B common
Shellmar Prod Corp common
Serrick Corp
Corp
common
10
1
•
1
*
Jan
26%
Feb
10
40 %
Jan
55
Feb
37
100
34%
Jan
37
Feb
94 %
40
92
Jan
94%
Feb
30%
150
28%
Jan
30 %
Feb
Feb
50
38 7
15%
Jan
18
8
1,500
35 Ve
Jan
38%
400
8%
Jan
12%
Jan
26%
Jan
28%
Jar?
18
37%
1,250
12%
650
11
Jan
12%
Feb
16%
700
15%
Jan
16%
Jan
Feb
xl2
15%
%
9 %
800
Jan
9%
333/4
333/,
100
30
Jan
34%
Feb
Jan
17%
Feb
37
Feb
8
9
3334
7%
•
16%
17
800
13%
35%
16'/4
2
37
140
31%
Jan
3%
Jan
4 %
100
250
10
Jan
13%
Feb
41
42
500
40%
Jan
42
Feb
19
19
200
1838
Jan
19
13
13
41
5
—
Feb
33
33
200
29%
Jan
33
Feb
22
350
20
Jan
22
Jan
36
—
4
x24
rl3a
36%
500
35
Jan
37%
Jan
25
900
to to £
Jan
26%
Jan
1,700
%
Jan
1%
Feb
I 3/4
28
550
24
Jan
29%
Jan
53
54
110
51
Jan
54
Feb
97
97
100
89%
Jan
97
Feb
%
Feb
77%
79%
500
69 Va
Jan
79%
Feb
27%
28%
800
24
Jan
28%
Feb
22
22%
250
22
Feb
23%
Jan
20
101
Feb
28
V*
97
capital—
i
•
common
Yi
21%
53
prior pfd
Jan
4%
13%
4%
1
1
10
241
Mfg com
Feb
28%
2
Bankshares
24%
25
55
11%
Salle Street Corp com—•
Carbide & Carbon capital
•
w
Jan
26%
27%
--
Lines Transp
Feb
24
11%
15 3 i
208 South La
Air
Jan
1134
deposit
common
22
Jan
9%
28V-2
i
(The)
100
1.050
Feb
50
110
25%
18
375s
28
Co
Trane
Jan
Feb
Feb
10'
30%
*
Sundstrand Machine Tool common—5
Swift & Co capital stock
25
Sw.ift International Co Ltd—
w
100
Feb
94 %
--
common
of
Jan
7%
30
Jan
Jan
37
Society Brand Clothes common
1
Bend Lathe Works cap (new) —5
Corp
Jan
37
2,000
15
25
55
South
Stewart-Warner
Jan
Feb
24
25 V2
•
Forgings common
Standard Oil (Ind) capital
7%
101 %
101
•
Standard
Jan
23
8 %
7%
10
ou
*
*
Sinclair Oil Corp
Standard Dredging common
4,100
150
50
50
5
100
Signode Steel Strap Co com (new)
Spiegel Inc common
St Louis Nat Stockyards cap
10 V*
934
97s
1
25
175
172
.72
*
Quaker Oats Co common
Rath
'
100
100
lien pfd
preferred
7 '!>
Oak
common
Bancorp
12%
0
Mot Spec class A
Standard
National
•
1
•
Montgomery Ward & Co
Muskegon
Woodall
High
6%
3,400
29
Wisconsin
Low
7
23
Cumulative
Range Since January 1
56
56 Va
23%
Wieboldt Stores Inc common
for Week
56 Va
1
*
T2%
*
"
•
22
101
13 Va
13
101
Feb
101
Feb
13%
350
12 3/4
Jan
13%
Jan
16%
1,850
12%
Jan
16%
Feb
12%
2,250
10%
Jan
12%
Feb
10%
7%
100
9%
Jan
10%
1,550
5%
Jan
7%
Feb
11%
650
9 %
Jan
11%
Feb
500
Feb
19%
Jan
American Radiator ft St Baa conn
1224
12%
5%
1,000
3%
Jan
•
10
BO
16 V2
16%
16%
1,100
14%
Jan
36
41%
400
33 %
Jan
41%
Feb
40 Va
40%
41%
400
37%
Jan
41%
Feb
19 ?8
19%
19%
500
18%
Jan
20%
Jan
11%
11%
400
11
Jan
11% Jan
12
12 5/8
850
6
6%
700
Alleghany Corp
18%
16
5
Feb
6
2
16
5%
Indust common
Mach cap
Yates-Amer
18%
18%
21%
,
50
16
Jan
21%
Feb
Unlisted Stocks—
Rolling
American
Mill
14%
Jan
Atcb
Top & Santa Fe Ry com
Steel Corp common
13
Jan
3
Jan
3%
Feb
Bethlehem
11
Jan
13%
Feb
Certaln-teed Products
3,750
4
Jan
5%
34%
—10
xl9%
1
14%
20
5%
17
Feb
Feb
100
Feb
400
20
35%
133/4
15
10%
2,800
common
Feb
16%
29
Westinghouse Elec &
Sales
4,000
common
22 \ 4
3,700
14%
*
3
6%
Jan
50
18%
Jan
7%
20
Feb
Columbia Gas 8s Electric.
11 Va
Continental Motors
Mfg
Jan
22 %
10%
11
10 %
Aviation Corp 1 Delaware)
Belden
Jan
29
Union
High
common
H Bastian-Blessing Co
Feb
4%
3%
7
4,000
—5
36%
300
9%
Jan
_
Barlow & Seelig class A conv
13%
Jan
200
4%
63
Feb
Jan
Jan
363/4
•
Rights
Jan
common.
Automatic Washer
Jan
11V4
9%
—1
Univ common
Anaconda Copper Mining
f Asbestos Mfg Co common
Athey Products capital
25
Jan
25% Feb
5
&
Jan
16%
173/8
21%
—
33%
Co common
Ext
Salle
Leath
Feb
49%
145
146
17%
Low
—
30 %
Jan
19
63
Jan
24
34
14%
Feb
Jan
Feb
Libby McNeil & Llbby common
Lincoln Printing Co common
Lindsay Lt & Chem common
La
Certificates
Chicago Stock Exchange
Par
Jan
g %
23
600
4
—
Feb
80
103
8%
50
9V4
24
Jan
Jan
Feb
7
Rights
STOCKS—
70 %
91
50
200
36%
24
preferred
$6
Power
U S 8teel common
Last
80
11%
•
Switchboard common
Kentucky Util jr cum pfd
United
Friday
Feb
350
10
100
capital
Co
Kellogg
Sunbeam
46
50
Smelting Ref & Min com__,
69 3/4
67%
'
U 8 Rubber
9 %
13%
16
Katz Drug Co common
Feb
1
Hathaway Baking common
Jan
12%
21 3/4
r-
common
Brick
Ulinois
Northwest
Kennecott
7
80
25
Spencer Bartlett common
Horder's
Monroe
Eastern SS Lines Inc common-
4,450
Jan
94
10
preferred B
preferred adjustment
5%
37%
31%
Associates—
1st pfd series A
6%
Jan
35
7%
Eastern Mass Street Ry—■
6%
400
30%
:
30%
Jan
9 Va
Jan
135
15
7
7
15%
—
64%
1,300
4
10
.1
3
common
19
35
W
Co
Corp
Brewing Co G capital
Hein Werner Motor Parts
41%
46%
37%
9%
Jan
25%
1
Helleman
Feb
65
46%
—100
preferred
6%
Jan
275/B
133% 135
134%
•
prior preferred
4%%
169%
3,328
Hibb
__
—
Eastern Gas & Fuel
2,056
Jan
63
32%
__
*
Hammond Instrument Co common
Interstate
Hecla
&
Feb
8
50
Feb
443/8
19
100
100
RR;
Boston & Providence
41%
Jan
40%
40%
•
Herald Traveler Corp
Boston ft Maine RR—
7% prior preferred
5% class A 1st pfd stamped
7% class C 1st pfd stamped
Boston Personal Prop Trust
Boston
Cities Service
48%
25
100
Edison
Boston
Jan
40%
42 %
—
Albany
&
Boston
38%
65
171% 173 %
172%
218
44%
Jan
1,000
*
common
41%
42%
•
—100
Inc
Bird & Son
& Dk
Lakes Dr
Great
41%
41%
—•
common—100
—10i>
*
50
Chemical Co
American Agrl
American Sugar Refining
High
Low
9%
2,700
•
common
Goodyear Tire & Rubber common
Gossard Go (H W) common
Range Since January 1
High
Inc
Bros
Jan
Jan
8%
24 3/4
1
•
*
Safety Razor common
73/4
2%
9
32
1
Goldblatt
for Week
Sale Price
STOCKS—
Range
Jan
64 %
23%
13
10
Gillette
Sales
Week's
Friday
Jan
2 Va
24%
common
common
17%
300
32
common
Refrigerator Co
600
2%
9%
_
General Motors Corp
Gibson
18%
8
23%
General Finance Corp
Exchange
Feb
Jan
80
5
0
10
Electric Household Utll Corp—
Mills of America Inc
23%
20
100% 103
1
Flour
Jan
8V4
834
5
Corp
Jan
21%
8"%
8%
10
Credit Corp class A
103/4
200
x64 %
9
__
*
Dodge Mfg Corp common new
1,000
2%
•
5
*
5
25
Commonwealth Edison common
15%
233/4
18
18
•
common
Feb
15 %
14%
•
capital
Feb
23%
__
1
(The) Co Inc
Doehler-Jarvis
11%
200
50c
Convertible preferred
com
Feb
800
1
Chicago & Southern Air Lines—
Co
Feb
13 %
49
1
common
Chicago Corp common
Coleman
17%
12%
1
Central S W Utll common
Chrysler Corp common
Club Alum Products Co
Jan
49
123 4
10
Central Illinois Secur Corp common
Chicago Towel Co oom
14
700
5
common
Brothers common
Carr-Consolldated Biscuit
High
Low
173 4
*
common
Ring
Piston
Range Since January 1
High
5
Four-Wheel Drive Auto
Boston Stock
Shares
17
17%
.
10
Butler
Domestic
101
L)
(E
Co
Consumers
87
101
101
(subordinated)
debentures
20-yr
Jan
Jan
Vernon-Woodbury Mills Inc—
4%
9%
44%
160
Jan
192
90
90
96% 98
—
1975
Co 4s
BaMraore Transit
Mt
—
Bruce
315
1
41
39% 40
102
102
26% 26%
85c 85c
U4/2114/2
102
102
44% 45%
40
-20
Vernon-Woodbury Mills com
New
Feb
Feb
40
401
315
11
Feb
25%
154
i
40
40
315
17
100
Finance Co
Humphreys
?
159
1<>9
20
7
917
Jan
37%
445
8
i?q
7/e
8
38
for Week
of Prices
Low
1
_
(George W) Corp
Borg-Warner Corp common
Brach & Sons (E J) capital
High
23 Va
capital
Mfg Co
Borg
Range Since January 1
LOW
24% 24%
--
-•
100
vt c
Bait Transit Co common
Binks
High
Low
Par
Range
Par
Sales
for Week
Week's
Friday
Sales
Week's
Last
Sale Price
STOCKS—
12
Jan
PiirttsR-Wright
Farnsworth Television & Radio—.-1
36
500
33
Jan
37
Jan
20
150
19%
Jan
20%
Jan
14%
200
13%
Jan
14%
Feb
"General
Electric Co
Graham-Paige
Motors
*
1
Feb
38%
Jan
12%
53/i
Jan
6%
Feb
7%
6 Va
Jan
8%
Jan
9%
38%
393/4
700
35%
Jan
393/4
Feb
5%
5%
500
3%
Jan
5%
Feb
J
Volume
Number
165
OTHER
RANGE
Last
Iron
Corp
Laclede Gas Light,
Low
Martin
(Glenn
L)
Nash-Kelvinator
•
4
common
_
WEEK
Last
Low
Republic Steel
6%
Jan
5%
300
638
Feb
Standard
1
18%
19
157a
Jan
19%
Feb
Thompson
20%
20%
20%
300
17
Jan
22%
Feb
U
10
31 %
31%
31 '
8
100
3074
Jan
33%
Jan
Van
•
2%
7%
3,400
13%
13%
300
_
_
—
__
1.100
—
Pan
Car
Motor
Amer
Corp
Airways
Pictures
Paramount
Inc
new
Puiiman
Incorporated
Co
(The)
_
_
Oil
Vacuum
of
Oil
Standard
Studebaker
United
U S
307B
Feb
24%
600
21%
Jan
2474
1,400
8%
Jan
10%
_
Co
45
229
205
20
127a
127a
100
372
3 72
200
1
&
5
•
a70% a70%
15
*
Tube
a2974a2974
a203/e a20%
80
Jan
Jan
Jan 1
Jan
173% Jan
127a Jan
3% Jan
233/4 Jan
627a Jan
16% Jan
Feb
Jan
Jan
Jan
Feb
Jan
Feb
Jan
Feb
Jan
Feb
15 72
15%
400
13
Jan
15%
Door
(Un)
Feb
Feb
30%
700
25%
Jan
30%
Feb
15 Ve
1,100
14 3%
Jan
1574
Jan
70
Jan
16 7a
100
13%
Jan
16%
Feb
23 7a
24 Va
300
21
Jan
243/4
Watling, Lerchen & Co.
Jan
6772
16 72
Feb
14%
14%
__
^
Members
23 72
9
8%
9
1,100
7%
Jan
9
Feb
New York Stock
3%
37b
4
1,800
372
Jan
474
Jan
Detroit Stock
14%
15
200
13%
Jan
50
_•
common
common.
507a
233/4
517a
687a
1,230
20
2
High
30%
537a
28%
597a
79%
20
3272
37a
29%
71%
21
Jan
Feb
10%
Chemical
&
l
1
1
common
Rubber Co
&
Steel
Jan
23
Corp
Wilson
Youn^stovvn
25
Refining
Motor
•
Corp
Oil Corp.
Sunray
Sheet
29%
—
15
Co Inc
J
N
Standard Steel Spring
Youngstown
26%
3b
1074
_•
Republic Steel Corp common
Jan
200
1
_
31
200
a773/4 a797a
257a
—
•
America common—
Radio-Kelth-Orpheum
White
23%
•
•
_
_
common
Warren
Feb
30 7b
a55% a577a
*
*
Feb
13%
29%
*
com
Tool
7%
Jan
30
—
53
287a
•
Inc
(Un)
Works
Jan
6
5272
28
123
370
53
/
Range Since January 1
Low
High
2874
10
common
common
Dorn Iron
113/4
Jan
29
-33%
Pure Oil
Socony
13
1
com
Pepsi-Cola Co_
Radio Corp of
7 %
73/8
Ohio
Products,
Steel
S
Vlchek
Packard
Low
*
of
Oil
8
•
_
Week's
a29% a3074
•
(Un)
Richman Bros
capital
North American Co_
Shares
'
Sales
for Week
of Prices
Par
High
common
Co
Corp
New York Central RR
Range
Sale Price
Friday
High
6%
3/8
14
FEBRUARY
STOCKS—
__
6
ENDING
Range Since January 1
Shares
of Prices
Par
Interlake
STOCK EXCHANGES
FOR
Sales
for Week
Week's
Range
Friday
Sale Price
STOCKS—
967
CHRONICLE
THE COMMERCIAL & FINANCIAL
4569
Jan
15
Ford
New York Curb
Exchange
Associate
Chicago Stock Exchange
Exchange
DETROIT
Building
Telephone: Randolph 5530
Cincinnati Stock Exchage
Sales
Week's
Friday
Last
Range
of Prices
Shares
Low
Par
Champion
Cincinnati
Gas
&
Paper
Fibre
new
&
O
P
T
Cola
Feb
3774
Feb
Motors
Crystal
Tissue
...
—
Dayton & Michigan guaranteed
36
Feb
45 72
Feb
26%
95
23%
Jan
26%
Feb
28 7
b
165
27%
Jan
29%
Feb
109 %
4
10772
Jan
10972
Feb
108 %
109 Ms
class
Kroger
Lunkenhe.imer
National
1474
1,034
137b
Jan
14 74
Feb
35
96%
Feb
9972
Jan
36
36
25
30
Jan
36
Feb
134
7
- "
50
134
Gamble
&
class
Randall
135
40
Feb
135
Feb
12%
14
60
1072
Jan
14
Feb
18
18%
26
15 72
Jan
18 74
Feb
41
41
41
Feb
4172
Jan
13%
B
Printing
Preferred
4
Feb
22
23
195
20
Jan
23
117
117
60
115
Jan
117
Feb
30
*
10
"
*
*
50
Preferred
Feb
121
97%
32
35
24
Jan
32
Feb
23
67
68%
252
65
Jan
69
Jan
41
41
41
142
40
Jan
423/4
Jan
53
53
10
52 74
Jan
53
Feb
46 3 8
473%
367
46 7a
Jan
50 7a
Jan
2772
27%
162
26
Jan
277a
Feb
674
105
Jan
674
Feb
7%
774
100
Feb
7 74
6234
63%
418
617a
Jan
65%
Jan
5%
*
Pumps
Jan
120
13%
.50
*
preferred
36
72
97
13%
°
A
121
121
*
Gibson Art
Procter
120
28%
•
Formica
Hobart
45 %
7
5%
100
3%
Jan
5 7a
Feb
1
41%
Jan
6
6%
63'a
47
47
51 >4
51%
37 7a
774
3
36
5%
61
STOCKS—
Jan
7
6
26%
10
"
Eagle-Picher
Early & Daniel
Jan
12
40
25
*
A
class
Crosley
S
2472
Jan
50
Telephone
Tobacco Warehouse
Cincinnati
U
Jan
3272
--K)0
2
preferred
Street
Cincinnati
Kahn
173/4
105
100
Cincinnati
Coca
47
37%
8.50
common
Preferred
N
24%
37
15
•
Mills
Carthage
C
2334
36',4
7
47
Feb
Feb
497a
Jan
513/4
Feb
33
Jan
3774
Feb
10
10
Mill
Service
•
Gas
oiumbla
10
*
Motors
General
Brands
Standard
30%
31%
65
2372
Jan
3172
Feb
32 7a
30
*
Ice & Fuel
32%
65
30
Jan
327B
Feb
11%
1134
63%
11%
64 \\
65
37 74
36%
11
190
Jan
127a
51%
428
Jan
65
Feb
377a
Jan
34%
249
Jan
__1
Electric
Allen
-
1
Navigatiori
1
10
20
Bros
Edison
Detroit
common
5
1
2
1
Detroit Gray Iron common
Stove
Detroit-Michigan
Detroit Steel
Corp
Inc
Electromaster,
Federal
*
1
1
3
1
10
Truck
Motor
Frankenmuth Brewing common
Ale-^l
Friars
Gar
Wood
Inc
common
General
Finance
General
Motors
common
1
1
1
Gerity Michigan Die Casting
Goebel Brewing
Graham-Paige
Ball
5
10
2%
*
1
Jan
Hoskins Mfg
Hudson
Bearing
&
common
Car
Motor
Corp—
Kaiser-Frazier
Kingston Products
Drug
Kinsel
(SS)
Kresge
common
Lakey Foundry & Mach
Wines common
common
Week's
Shares
Low
Par
Brass
Akron
50c
5
100
Mfg-_
American
Coach & Body
American
Tel
Apex Electric
(Un)
Tel
&
Cleveland
Cliffs
Cleveland
Elec
preferred
4%';
Corp
Cliffs
(Un)
Natural Gas
Consol
Navigation
Detroit & Cleveland
Mfg
Eaton
Electric Controller
Erie
10
•
*
*
5
15
Iron pfd
111 common
Railroad
(Uni
Rubber
Faultless
& Rubber com
Firestone Tire
Gabriel
(Un)
Co
(Un,)
Electric
General
5
4
*
,s
1
(Un)__25
General
Motors
Glidden
Co
<Un)
Com
Goodrich (BF)
common
Goodyear Tire & Rubber common
Great Lakes Towing common
Bros
Halle
common
Preferred
(M
Hanna
Interlake
pfd
4'.4'i<
A)
Industrial
(Un)
Rayon
(Un)
Iron
Island
McKee
class
G)
(A
B
Cement
Portland
Medusa
Metropolitan Paving Brick
National
Acme
National
Tile
&
Mfg
A
Nestle LeMur class
N
Y
Central RR
35
8
17 >/4
129
98
105
17(4
97
a 42
a
28 7
114'2
Ohio
Brass
(Un)
Oil
(Un)
Davis common
Peninsular Metal Products
Feb
Prudential
Parke,
Investing
(HW) 'Co
Jan
VU
174 3/i
Feb
Rickel
Jan
10'/a
Feb
River Raisin Paper
30 78
15%
32
40 V*
•
Sheller Mfg new
98
Feb
Superior Tool & Die
44 %
115Va
Feb
Jan
Jan
29
132
49%
Jan
54 72
Jan
Feb
6%
Jan
S
Dist
Shirt
United
Radiator
483/4
Jan
57
Feb
Warner
68
Jan
75
Feb
Wayne Screw
10 74
125
Jan
12 72
18%
Jan
29%
54 72
Jan
60
Jan
2%
Jan
Jan
15%
4
333
14%
325
20
Jan
203/4
Feb
Feb
1272
610
972
Jan
12%
Feb
1074
100
9
Jan
1074
Feb
8
580
772
33/4
Jan
672
Jan
2574 Jan
21V*
Jan
53/4
67s
2,300
2774
5%
8
Jan
Feb
2,874
33/4
400
3
374
Jan
Feb
12
12
1274
485
ll3/fl
Jan
1274
20%
20%
20%
1,130
17%
Jan
2072
Feb
Feb
4%
472
4%
4,700
3%
Jan
43/4
Feb
5
272
272
9 74
974
Feb
Jan
574
14%
"5 7a
1472
840
5
Jan
574
Jan
25/a
500
2
Jan
2%
Feb
93/4
Feb
14%
93/4
630
100
9
9
170
12 7o
Jan
8
9
v
Jan
974 Jan
Feb
52%
6574
Feb
Feb
7%
73/a
7%
1,018
7,435
6
Jan
7%
63/4
63/4
63/4
200
6
Jan
53/8
5%
200
33/4 Jan
6% Feb
5% Feb
647a
--
6574
11
11%
200
2574
2574
100
2072
20%
135
20
20
10 7s
Jan
19
11%
Feb
2672
Jan
20%
Feb
207a
Feb
Feb
Jan
2574 Feb
100
167a
9S/8
95/8
325
772
Jan
9%
53/8
"53/4
5%
700
4%
Jan
Jair
5%
Feb
23/8
2 3/8
100
2
Jan
2%
Feb
38%
23/8
__
38%
178
35
Jan
38%
Feb
Feb
1V2
73/4
400
6
Jan
73/4
6V2
672
110
67a
Feb
672
Feb
2 3/8
7%
—
2%
525
274
Jan
2%
Jan
l3/4
10,200
l3/4
Feb
13/a
3
2%
3%
772
774
7%
5%
5%
4072
57/a
1%
Jan
150
15
15
IP/4
Jan
1,625
2 3/4
Jan
37a
2,300
6
Jan
7%
300
395
41
Jan
Feb
Feb
674
Jan
41%
Jan
5% Jan
40
Feb
15
78
4 7a
474
400
37/a
Jan
43/8
Jan
4 7a
47s
47a
4,409
33/4
Jan
47e
Jan
474
474
100
474
Feb
874
1,575
77a
Jan
472 Jan
874 Feb
_4
8 7B
93/4
133/4
~4%
4%
9 3/4
14
4%
100
872
Jan
9%
Jan
14
4
Jan
Jan
10
1,025
100
Feb
43/4
Feb
47a Jan
3% Jan
3%
300
65/8
500
672
Jan
13 72
133/4
1,005
1174
Jan
13%
Feb
13%
14
325
12
Jan
14
Jan
18
1872
305
143/4
Jan
1872
Feb
63
63
3%
672
—
64
137
62
Jan
65
Feb
Jan
7
23/e
2%
25/a
2,025
2
Jan
2%
2 3/4
2 5/0
23/4
800
2
Jan
2% Jan
Feb
Feb
85
127t
Jan
52
3572
Jan
39%
281
51%
Jan
65%
Los
Feb
a6334 a65 V2
Angeles Stock Exchange
Feb
al434 al6
16%
Feb
44%
20
42%
Jan
49 3e
32
61
Jan
7134
a5672 a585/s
160
53
Jan
58%
28 Is
35
27%
Jan
28 7a
Feb
28 %
STOCKS—
Range
for Week
of Prices
Shares
Low
Par
——50c
Bandini Petroleum Company
1
Barker Bros Corp common
•
Barnhart-Morrow Consolidated
1
Mfg Corp
Aireon
31
31%
69
28%
Jan
31%
Feb
52 "2
52'/2
51
52
Feb
54%
Jan
106% 106 V2
2
107
Jan
a4258 a42%
70
36
Jan
42%
Feb
131/2
13 %
140
11
Jan
13%
Feb
34',2
34%
58
323/4
Jan
34 72
Feb
Blue Diamond
457b
45 %
66
3472
Jan
45%
Feb
Broadway Dept
a37Tt
a38%
3%
Basin Oil Co
•
a
108
Jan
Bolsa
70
323/a
Jan
39
157a
443
12%
Jan
16%
Feb
62%
25
62
Feb
63
Feb
50
50%
200
49
Jan
52
7
7
7
a
29 3 a a29%
600
40
6%
273/4
Jan
Jan
77a
30
Corp
Oil Corp
Store new
f
10
1172
14
Jan
Jan
Jan
Packing
Central Investment
Preferred
1,186
3%
Jan
474
Jan
150
97e
Jan
103a
Jan
Consolidated "Steel Corp new com
Jan
22
Feb
Creameries of America.
95
16
Inc
Douglas Aircraft Company Inc
25
317-
Jan
36
Feb
Dresser
37%
50
35%
Jan
38
Jan
Electrical Products Corp
Jan
24%
Jan
a23% a23%
93
2174
35
35
34
Feb
35
Jan
29
30
200
25
Jan
30
Jan
a26
a27
373
25
Feb
26%
Feb
*
100
1
®
_•
20
•
1
50c
4
Exeter Oil Co. Ltd diss A
1
Farmers & Merchants Nat'i Bank—100
Farnsworth Tele & Radio Corp
1
Fitzsimmons Stores class "A"
X
Industries
36
8
—
1
4
a2034 a21%
75c
common—•
Corp common
Corp
Certain-Teed Products Corp
Chrysler Corp
Colorado Fuel & Iron common
California
High
Low
300
3%
47B
3%
4
800
253/4
400
257a
Range Since January 1
High
Jan
Jan
57b
37b
Jan
47a
227b
Jan
25%
Feb
70c
Feb
90c
Jan
2%
Feb
__
—
—
6
674
1,400
2,300
5
Jan
9
10
37a
35
Chica
3%
Feb
15
623i
Sales
Last
Feb
a
Week's
Friday
Feb
Sale Price
Jan
a683e a70 V2
a4478
30
274
Feb
50
1
Products new com
Feb
Feb
750
Feb
330
1
Aircraft common
80
25/8
157z
27
common
common
Preferred
92
a387B a395/a
3%
"53/4
277b
>—}
\
Udylite
25%
6
1
Brewing
Tivoli
40
203/4
7%
Feb
Jan
2,017
100
common
Standard Tube class B com
18
Jan
Feb
Jan
Jan
Jan
93
111
Jan
29 */2
37 7
50
Feb
al2 7»
36
Sargent
RR
75
26 3/4
(Un)
Pennsylvania
6
al2
*
e
High
5%
16
a5758 adits
*
Patterson
29
73
8
Corp
114>2
2
a4978 a50%
75
class B
Edison
Packer
10
a55% a567s
0
Ohio
a
42'.2
a
28
s
Ohio
170
Park Chemical Co
U
"
*
1
c
'/2
6
1
*
10
s
—*
*
100
5
50
*
*
0
*
4
1
a
a31% a31%
*
Steel (Un)
Lime & Trans
& Laughlin
Jones
Kelley
Jan
Jan
31
*
Jaeger Machine
5%
131/4
173 7a
1721,4
'
Steamship
Interlake
410
1,459
Jan
107»
—
1 %
*
1
*
—1
1
2
•
10
1
1
Car
Motor
35
127a
2%
2
Scotten-Dillon
•
City Ice & Fuel
Clark Controller
5 3,4
16
alO% a!058
a
1
Mfg common
Low
High
558
I47a
16
Packard
Range Since January 1
12%
203/4
127b
1
for Week
of Prioes
Sale Price
2%
_
1
10
common
Murray Corp
National Stamping
Sales
Range
Last
stocks—
McClanahan Oil
1
1
10
_1
2
Prod common
Screw
Masco
Cleveland Stock Exchange
Jan
153/B
,
Milner
Detroit & Cleveland
1172
619
*
Davidson
183/4
12%
10
1
Crowley,
Feb
Jan
40
Machine
Continental Motors
Feb
15 74
39%
2%
Jan
572
1,250
1234
1
McLaren
Brown
374
Jan
1,650
300
Consolidated Paper common
Burroughs Adding
Jan
4
5%
1
common
2%
183%
18
0
Baldwin Rubber common
Briggs Mfg
High
Low
700
3
5 74
__
Range Since January 1
High
3
5
Products
Metal
American
LaSalle
Friday
Shares
Low
1
Products
Aeronautical
Hoover
Rolilng
American
Cities
Sales
for Week
Par
Hall Lamp common
Unlisted—
City
Range
of Prices
Week's
Friday
24'4
1
Balcrank
Last
Sale Price
High
Low
-
Machinery
Laundry
American
Range Since January 1
High
HO
Industries
Aluminum
Detroit Stock Exchange
for Week
Sale Price
STOCKS—
9%
1,900
7%
Jan
10 3/4
13
35,256
672
Jan
13
Feb
1372
14%
1,595
1372
Jan
147a
Jan
a2974 a29%
a22 A a22 /*
100
70c 7772c
19%
19%
a10®/8,, ?5,/8
__
16% 16%
a20
a20
33%
33%
34
20 A
20 A 20 k
—
a74% a74%
21% 21 A
—
—
—
__
1.70
—
—
14
15% 15 %
1.55 1.70
350 350
07a 97a
13 74
14
6% Feb
Feb
97a
60
2872
15
20
Jan
28% Jan
237a Jan
18%
Jan
207a
Jan
120
9172
Jan
98%
Jan
730
137a Jan
20
Feb
«22
1,500
1,336
25
Jan
16y4 Feb
■20
>
Feb
31
Jan
34%
Feb
20
Feb
237a
Jan
a__
—
a
378
2172
Feb
213A
230
1372
Jan
157a
Feb
Feb
3,100
1.50
Jan
2.05
Jan
20
159
1,025
330
7%
13
Jan
350
Feb
Jan
974
Feb
Jan
147a
Jan
Monday, February 17, 1947
COMMERCIAL & FINANCIAL CHRONICLE
THE
968
OTHER STOCK EXCHANGES
RANGE
WEEK ENDING
FOR
FEBRUARY 14
Friday
Corp
Iron
Nickel Co of Canada
International Tel & Tel Corp—
International
FACILITIES
Kennecoci copper corp
exchange
Member Los Angeles Stock
Interlake
UNO BROKERAGE
FAIRMAN & CO.
•
11V4
Jan
13
39
333/4
Jan
36-
17%
990
14
Jan
173/8
a48% a49%
317
a__
16%
17
a48%
7
.
American
10%
a26Va a26%
150
a40% a41%
100
45
—
TRinity 4121
Oil
Ohio
Range
of Prices
Sale Price
Goodyear Tire ft Rubber Co com
Holly Development Co
Hudson Motor Car Company
Jan
22%
Feb
Feb
10%
10%
10 %
430
9%
Jan
10%
Feb
32%
32%
195
32 %
Feb
32%
Feb
a23 Va a23 Va
10
221/4 Jan
22 Va
Jan
73/4
Feb
•
52 34
Jan
65
21%
Jan
28
Feb
a56% a58%
30
Jan
34
261
54
Jan
55%
Jan
682
Jan
16
common
6%
25%
25%
210
23%
Jan
1
7
7
150
6%
Feb
Inc
Poods
Kniser-Frazer Corp
Co
Petroleum
Lincoln
Lockheed Aircraft Corp
85c
1.00
9
9%
3.199
,
Feb
20 %
Jan
29
Feb
7%
Standard
Feb
Studebaker
113
15%
Jan
1.35
1,900
1.25
Jan
Jan
17%
125
800
3%
3%
33%
3,154
55c
55c
55c
700
1.05
1.05
1.05
100
al4
Petroleum Company
Mt Diablo Oil Mining ft Devel Co
Merchants
al4
al4
Nordon
Inc.
Ltd.
21c
22c
Inc_.
7%
Aircraft
Jan
16%
Occidental Petroleum Corp
Co_.
Oil
-anlc
1
1
1st
6%
preferred
5%%
1st preferred
Pacific Indemnity Company
Pacific Lighting Corp common
Western
Pacific
1.45
15%
Jan
Jan
Jan
260
Jan
95c
Jan
3%
Jan
60c
Feb
1.15
Jan
14
Feb
14%
Jan
12c
Jan
22c
Feb
Jan
8
Jan
7%
700
37%
38
55
•
10
Feb
Jan
15%
Feb
41
Feb
42
Jan
Jan
303/i Jan
26% Feb
Feb
41%
a43
95
40 Va
a60%
207
54%
Jan
60%
233/4
610
22%
Jan
24
Feb
10%
10%
1,395
8 3/4
Jan
10%
Feb
29%
30%
1,480
25%
Jan
30%
Feb
•
Feb
——
•
Co of Del
—
Jan
41%
Jan
38
15 Va
40
a36 Va a36%
—
—
ft
Texas
Company
Texas
Gulf Sulphur Co
Company
13
Jan
a
—
15 Vb
Jan
a—
—
a._
_
413/a
Jan
41 %
245
40%
Jan
195
67%
Jan
68
Feb
25%
520
19%
Jan
25%
Feb
a29 % a29 %
8
35%
Feb
37 %
Jan
41%
24%
1
25
14%
a
a673/a a69 Va
—
—
a67%
29
a__
a__
560
a50
—
25
Union
Carbide ft Carbon
Union
Pacific
Air Lines
United
19 %
_
United
Jan
20
Jan
93%
Jan
93%
Jan
a96% a98%
104
20
a
a__
__
—
a21%
a21%
a24
96
22%
Feb
23%
hi
hi
375
hi
Feb
13
Fpb
19%
19%
125
17%
Jan
19%
Feb
3%
Jan
4 Va
Jan
—
•
Jan
Co
320
59
59
175
59
Feb
59
Feb
5
18%
18%
100
15
Jan
18%
Feb
17%
Jan
23
Feb
3%
•
22
22
180
12%
A
Westinghouse Elec & Mfsr Co
Willys-Overland Motors Inc
Wool worth Company (F W)
4
10
Pictures Inc
Union Tel
Jan
51 Va
Feb
al36%al36%
5
(Del)
Corporation
57%
Jan
18%
hi
Rubber Company
Warner Bros
Jan
51 %
19 %
a96%
100
10
Inc
Rights
United Aircraft Corporation
U S
57%
75
a52 Va a52%
a52%
•
Corp.
Railroad Co
78
440
a59 Va a 59%
•
—10
28
28%
783
2434
Jan
28%
Feb
13 Va a 13 '/a
10
9%
Jan
13%
Feb
a52
65
1
__
a
Jan
55
62
a__
—
a
—
Feb
Jan
a51%
a51%
10
Feb
51%
Feb
25
170
14%
a46 %
*
25
Corp
70
14%
a4G%
•
Feb
35%
5
a25% a2574
a25%
19
Jan
61
313
a25% a27%
a27 %
„
204
55
a61 % a61%
55
1.65
40
50
38
—
Feb
14
230
%
62 %c
Jan
1.10
713
a40% a40%
Jan
30c
9,600
15%
41
41
10
Oil Corp
1.60
1.30
15%
•
•
25
25
Pacific Clay Products
Pacific Gas & Elec common
60c
Jan
Jan
1.50
19
Western
57 %C
Jan
26 Vt
25
23%
29%
_______
1.05
793
Northrop
Jan
2%
50c
11,200
7%
Jan
75c
50
City Lines
Corporation
National
Jan
260
24
90c
1
Company
Manufacturing Co
Menasco
260
82 %C
1
1
Oil
Mascot
260
82 %c
100
1
Co
Investment
Angeles
50
310
a 59%
—
Tide Water Assoc OilLos
6
3,245
26 Va
a40%
23%
•
Oil Co (N J)
Feb
9 3/4
16%
18% a 19%
26 Va
a593/8
..
Socony-Vacuura Oil Co
Railway Co
Standard Brands Inc
Standard Oil Co (Ind)
1.00
1.30
a
7%
•
a29 Va a29%
_
—
•
Swift
--
_
•
Republic Steel Corp.
Seaboard Oil
Jan
6%
16%
1.35
7 Va
7%
25
Company
Jan
65c
3,500
9%
1
lOo
1
Wells Co—
Lane
95c
10c
1
Oil
Southern
Kupp Motor Car Corp
Intercoast Petroleum Corp
Hunt
•
Feb
1.3D
1.10 Jan
1,400
20%
19%
--
70
Feb
1.20
1.15
__
1
Dodge Corp
Incorporated
Radio Corp of America
944
860
~
50
Pullman
Pure
Jan
62%
16 %
•
Phelps
Jan
42 V»
532
1
Jan
25%
Jan
Jan
233/4
21%
Co
10
Feb
a35
a35
__
Jan
28
27
a 56%
High
tow
9%
10
65
64
__
•
♦
1
Gladding McBean & Co.-
all
—
Pennsylvania Railroad Co
Range Since January 1
High
all
2
10
*
Corporation (The)
General Motors Corp common
General Paint Corp common
Garcett
Shares
Low
Par
Jan
39%
57
20%
10
Car
Motor
Packard
for Week
Feb
20%
Paramount Pictures Inc
Sales
Week's
—
10%
1
Co
Company
Feb
a--
Jan
9%
250
10%
a62 Va a64%
-
'
West 7lh Street—LOS ANGELES 14
STOCKS—
—
Jan
uAn
•
Inc..
American Aviation
North
a26%
«
Montgomery Ward ft Co, Hut.
New Yofk Central RR
North
10%
18
ft Bobbins Inc
McKesson
SCHWABACHEft * CO., SAN FRANCISCO
Last
High
150
a35 % a36%
*
•
—
Loew's Inc
Friday
Low
High
listed —Unlisted Issues
Direct Privet# Wiret to
2IO
Range Since January 1
Shares
al3 al3 Va
al3
•
..
Libby. McNeill ft Llbby
ALLEN S CO.. NEW YORK
Low
•
for Week
of Prices
Par
COMPLETE INVESTMENT
Sales
Week's
Range
Last
Sale Price
STOCKS—
Feb
26%
Feb
25
29
Philadelphia Stock Exchange
Feb
Feb
Puget Sound Pulp & Timber Co
*
29
28%
29
559
Republic Petroleum Co common
5%% preferred
Rice Ranch Oil Company.
l
11
10%
11 Vs
3,604
9
Jan
11%
Feb
Jan
51%
Feb
Last
Range
for Week
16
51
Sale Price
of Prices
Shares
Ryan
:
_
21%
Jan
23%
Feb
37%
37%
38%
634
35%
Jan
39
Jan
76
29%
Jan
29%
Jan
14c
Feb
85
Jan
90
Jan
85c
Jan
1.05
Jan
15%
Jan
16%
Jan
a28%
13c
1,500
90
90
190
15%
——
742
——
—
Jan
13%
Jan
Jan
343/4
Jan
1,055
31%
Jan
32%
Feb
275
30%
Jan
32
Feb
90
33
434
32%
32%
31%
—-
13%
32
14% al43/a
31%
a39% a39 Vs
a38% a38%
35
37%
Jan
37%
37%
Jan
37%
Jan
*
45%
47
554
41
Jan
47
Feb
56%
56%
58
1,022
55
Jan
58
Feb
I
9
8%
9
964
50c
Union Oil of California
!
19%
Feb
14%
1,530
13%
Jan
153/a
Jan
20%
203/4
20%
251
20%
Jan
203/4
Feb
22
2534
1
pfd
21%
22%
«...
lo
—
Chrysler
Cooper
General
Gimbel
21%
2,514
Jan
22%
Jan
11%
11 %
610
10
Jan
11%
517
70'%
Jan
79 Va
Feb
26V4
Jan
101 %
Light
Battery
Motors
Brothers common
Lenigh Coal ft Navigation
National Pr ft Lt ex-distribution
$1
preference
3.8r'o
common
preferred
preferred
Phiico Corp common
26 %
a10
a
65c
1.440
24 Va
10 %
135
8%
Jan
10
Jan
65c
25%
Jan
400
Feb
65C
Feb
65c
Reading
Salt
Scott
Sun Oil
Feb
171% 173 Va
174%
Feb
24%
222
19
Jan
24%
Feb
14Va
15
613
11%
Jan
15
Feb
410
86%
Jan
105%
h-* O O
5%
200
5
Jan
12%
400
8%
Jan
21%
a
63%
65 3 4
29 %
Transit Invest Corp common
Preferred
s,
Mining Stocks6'/a
10
Imperial Development Co Ltd
3%c
25
6 %
4%c
5%
180
3c
5,000
Jan
Jan
6Va
Feb
5c
Jan
United
S3
Corp
11%
6%
21%
Jan
24%
Jan
10%
Jan
300
1%
Jan
6%
5% Jan
5,345
21%
6%
21
12,623
Feb
12
1%
Jan
7
Feb
22 Va
Jan
27
20
Jan
3,741
25 %
46 Va
24%
Jan
27
Feb
240
48%
46%
Feb
51%
Jan
300
7%
Jan
9%
Jan
26%
3,305
25%
Feb
27%
Jan
29 Va
29%
105% 106
137
26%
Jan
29 5a
Feb
225
104%
Jan
106
Feb
116% 116%
10
115%
28 %
340
8
8
25 3
8
25 %
27%
—
20 Ta
Jan
117%
Feb
21
Jan
28%
Feb
Jan
21%
Feb
%
21%
325
19%
8%
20%
8
8
200
7%
Jan
9
Feb
44%
Jan
49
Jan
71
Jan
73%
Feb
A
Jan
1%
Jan
217
45 Va
46
73
73%
86
%
269
1 <i
4%
Feb
4%
2,037
3%
Jan
3%
4%
825
3 3/8
Jan
4%
Feb
51%
51%
34
49%
Jan
513/4
Jan
4%
"4
23
23%
31%
22%
50
Jan
24%
Jan
31
443
31%
23 %
20
Coal
Westmoreland
Feb
39%
33
25%
13%
United Gas Improvement
2,036
715
46 Va
1
•
•
100
100
3
•
preferred
Jan
65%
1%
1%
—
•
common
Jan
50%
Jan
12
13
Alaska Juneau Gold Mng Co_
24%
Jan
30%
•
•
Feb
Feb
733
331
63 5
Feb
6
12%
47
22%
50'/a
29 %
Feb
105%
513/4
21%
25
25
Paper
28%
Jan
49%
50
1
*
*
Co common
Oil Corp
Dome
Jan
21%
Pennsylvania Salt Manufacturing—10
Philadelphia Electric Co common
25%
170%
49 %
1
Pep Boy's
High
510
830
5%
•
.—80
Pennroad Corp
Penna Power ft Light
Pennsylvania RR
Low
28%
26%
11%
Feb
79%
14%
*
13%
*
10
5
Co common
Storage
Range Since January 1
High
23 %
172%
5
1
Corp
Brewing Co
Pub
Curtis
Electric
4.4f/e
78%
11%
•
lo
Inc
Cement
3,375
Jan
14%
•
Corp
Universal Cons Oil Co
Portland
12%
14%
25
United-Rexall Drug Inc
Western Air Lines
19 %
14%
Feb
9
5
Transcon & Western Air Inc
Steel
18%
Jan
7%
a
Corporation
Co
Jan
24
*
Textron Inc
Budd
Delaware Power &
Calif
of
Oil Corp
Yosemite
2,600
16%
15%
a
33
25
;
1.00
90c
—
Company
Pacific
States
a28 % a29%
13C
♦
1
preferred A
Baldwin Locom Wks vtc
Feb
lie
fc Tel
Tel
26 7 8
—•
100
13
•
Stores
American
American
620
prefered class B—
25
5%% preferred class C
25
Southern California Gas Co 6pfd__25
United
Feb
Sales
Week's
Low
Par
Jan
%
7
23%
6%
ransamerica
7
Jan
23%
southern Calif Edison Co Ltd com—25
«unray
Feb
6%
111
1
Solar Aircraft Company
Southern
Va
300
25c
Sinclair Oil .Corp
Standard Oil Co
1,960
23%
15
Corp..
STOCKS—
Feb
%
6%
Friday
Jan
16%
371
•
Signal Oil & Gas Co class A
Signal Petroleum Co Calif
6%
75c
Jan
1,000
5
Shell Union Oil Corp
Trading
_
7
1
Safeway Stores Inc
Sears Roebuck
& Co
Sierra
Feb
14
60c
16 Vs
%
•
Aeronautical Co
60c
60c
16%
60c
l
_
Richfield Oil Corp common
Warrants
;
51 %
51%
50
Jan
32%
Jan
Unlisted Stocks—
Amer
Rad
& Stan
San
Corp
Atch T ft 8 F Ry
Aviation
Bethlehem
Steel
282
14
Jan
799
171
Jan
20
a__
—
—
Feb
16%
173
Jan
a__
———
41%
41%
177
38
Jan
41%
14%
14%
530
13
Jan
143/4
Jan
a94% a96 %
220
97
Jan
97
Jan
a58% a583'a
25
6%
303
a23% a24%
155
a39Vs a39 Va
50
Pittsburgh Stock Exchange
Feb
5
100
(The)
25
a
58%
3
Corp
6%
13
Baldwin Locomotive Works vtc
Bendix
16%
16%
—.50
Co
Refining Co
Aviation Corporation
172%
14
Anaconda Copper Mining Co
Armour & Co (111)
Atlantic
--
ioo
America Viscose Corp
172% 172%
a54% a54%
•
American Tel & Tel Co
a23%
5
I...*1
Corp
Boeing Airplane Company
Borden Company
a98
10
6%
a95%
Jan
Jan
24
5
—
Jan
39%
Feb
92
Jan
96
Jan
20 Va
Jan
20 V8
Jan
95
42%
Jan
a47% a48%
62
46 %
Jan
STOCKS—
42%
46%
Jan
Jan
Canadian Pacific Railway
(J I) Co____
Co
25
14%
25
Caterpillar Tractor
__
•
a38% a38%
--
31%
708
50
12%
Jan
15 V4
Feb
a__
a__
63
Feb
63
Feb
31%
203
24
Jan
31 VB
Arkansas
Natural Gas
i
Commercial
.**
£
fe
11%
420
11%
Jan
12
Jan
a24Ve a24%
16
24%
Feb
243/4
Feb
25
Corp.."
Commonwealth Edison Company
ft Southern Corp
Continental Motors Corp
a31% a31%
18
31%
Jan
31%
Continental Oil Co (Del).
,<■
3%
3%
4,775
3%
Jan
3%
Jan
12
12%
820
9%
Jan
12 %
Feb
5
«
20
al5:
6V4
20
al53/4 al6%
6
80
350
III"
CorpIIIII
page
—
A,-,'- ■'
874./
Co
Blaw-Knox
Columbia
Fort
Pitt
Electric
Gas &
Oil
Brewing
Refractories
Walker
Home
(Joseph)
*
100
*
*
10
1
41
46%
46 5
Gas
>
Jan
8
5%
47 7
Low
6%
Jan
47%
5%
Feb
5%
Feb
Jan
10%
63
10%
Feb
10%
19%
25
17%
Jan
20
Feb
4
11 %
11 %
605
28
11%
28
11
Jan
12
Jan
50
27%
Jan
29
Jan
9%
Jan
10%
Jan
22%
Jan
24%
Feb
40
Feb
45
Feb
33
17 VB
Jan
19%
Jan
Jan
9%
9%
350
24 Va
24%
77
43
45
19 Va
19%
155
15%
16
794
14%
Jan
16%
10
10%
1,330
8%
Jan
10 %
4%
100
4%
Jan
Feb
Feb
Renner
Co
Jan
16%
Jan
Reymer & Bros
%
Jan
1A
Feb
Ruud
V2
Jan
3/4
Feb
San
Jan
39%
Feb
United States Glass common
*•>%
Jan
42%
Jan
64%
Jan
53/4
Feb
1,327
a38%
a 39%
440
60
•
a69% a71%
260
5%
700
36
641/4 Jan
3%
Jan
4%
•
65
•
1
*
Manufacturing
Toy Mining
Standard Steel Springs..
Common
vtc
5
1
1
1
1
Brake
*
Westinghouse Electric Corp com—12%
Westinghouse
Air
60
65
64
Jan
5
67
Feb
Feb
Jan
1 %
1%
100
1%
Jan
1%
Jan
41%
41'a
50
39%
Jan
42%
Feb
670
7%
Jan
9%
Feb
£60
1%
Jan
2
Jan
9%
9
9%
1%
1%
1%
Feb
20
Feb
41%
50
10%
10
10
•
5
10
High
130
a
5%
19 3
*
Preferred
15 %
%
5%
30%
Jan
Pittburgh Brewing common
Pittsburgh Oil & Gas
Pittsburgh Plate Glass
Pitts Screw ft Bolt Corp
129
a427/e a42%
1
Jan
5 3/4
Corp
145
I,1,!
%
38%
30 V2
—
Fuel Supply
National Flreprooflng
1,327
15
a
a_.
a._
Mountain
Range Since January 1
High
Low
*
common—T
19
•
Ai?; Goodrich (B F) Co
For footnote* seg
6V8
::::::
General Electric Co
.*■?"»
a303a a30%
1
Electric Bond "&Share'ooIIII
Rights "A"
Rights
Ii::::
Graham-Paige Motors
a385/a a38%
?
II
s:);.r General Foods Corp
.•
3%
«
Class A
11%
12Va
5
M Curtiss-Wright Corp
M
11 VB
~ •
I—I1
Corp
Shares
Feb
Crown
Zellerbach
for Week
Feb
•
<■
_
Commonwealth
Solvents
Co com
Preferred
Lone Star
f£.. Columbia Gas & Electric Corp
—*
Allegheny Ludlum Steel
Harbison
125
a62% a62%
~Iy
Cities Service Co
15%
Range
of Prices
Par
Devonian
Case
Sales
Week's
Sale Price
Feb
a42% a43 3/4
15
Feb
37%
-
Friday
Last
7Va
19
126
a20% a20%
a95%
5
Borg-Warner Corp
6%
a__
a__
-
Jan
13%
Feb
220
13
263
25
Feb
25
Feb
10c
Jen
20C
Jan
12%
Jan
17%
Feb
16
Feb
16
Feb
13
13
25
25
15c
15c
17
17 V8
15 %
16
12%
Jan
16
25
16
820
13%
Jan
30%
Jan
35 34
Feb
23%
Jan
28%
Feb
1.2C0
120
340
34%
34 Va
35 34
382
27%
27%
28%
392
"':
" '■"
//-////■/?:/■
Volume 165
Number 4569
:
THE COMMERCIAL & FINANCIAL CHRONICLE
969
OTHER STOCK EXCHANGES
BANGE
FOB
WEEK
ENDING
FEBRUARY
U
Friday
St. Louis Listed and Unlisted Securities
Week's
Last
STOCKS—
Range
Sale Price
Par
Edward D. Jones
Established
300 North 4th
Natomas Company
North American invest
Co.
&
North
1871
St.
York
Louis
Chioago- Stock Ezch.
Cons...
CEntral
Chicago Board of Trade
Bell
7C00
5%%
Teletype RL 1W
New York Curb Exchange Associate
5%
14
30
30
Low
60c
60c
11
11
n
5
Jan
12% Feb
Jan
14
Jan
30% Jan
185
-
29%
100
27c
520
Jan
11
60c
13
250
11%
Jan
8%
8%
8%
1,575
7'
Jan
40%
40%
41%
2,371
40%
Feb
41
1,267
25
12
40%
40%
39%
I
1
Feb
12%
*12
5
.
3
/if Jan
\
Jan
8% Feb
ft
42ia'.-Jan :{*
Jan
41
ill
Feb
.25
38
37%
38
397
35%
Jan
25
preferred
38
33'A
33%
Feb m
33 'A
230
32
Feb
33%
Feb
!'i|
;
Pac
Light Corp commfln
$5
Pac
St. Louis Stock
Friday
Week's
Last
STOCKS—
S
Aloe
Co
American
Brown
common
Inv
Shoe
Burkart
5
common
common
Electric
Coca-Cola
Bottling
Brewing
Columbia
Emerson
Key
Co
Wagner
34%
Jan
36 Ve
Jan
16%
Jan
20
Feb
8
10
Jan
7%
Puget Sound P & T
205
25
Jan
30
Feb
16
Jan
18
Feb
14%
Feb
14%
Feb
23%
15
23 Vs
Jan
24.%
Jan
35 Vs
36 Va
180
33%
Jan
North
36 Vs
60
60
205
55
Jan
60
Feb
S & W Fine Foods
Jan
30
5
29
30
pfd___
100
42%
43
130
common..
•
39
39%
187
9
15
43
110
15
7
300
14%
150
6%
6%
275
Feb
Jan
13%
7
Feb
17'A
21
22
30%
50c
9%
1
common
com
17
22
29 %
5
new
350
221
30%
10
10
17
Feb
19%
35
Feb
•
30
*3,742
25%
Feb
30
27%
29%
134
Feb
-
19%
300
18% Feb
27%
Jan
90
90
100
90
93
Jan
24 %
Feb
24%
25
926
21%
Jan
25
38
327
35%
Jan
38
11
1,445
10
Jan
11
24%
25 Va
1,266
21%
Jan
25%
143
14%
Jan
16
50
6%
Jan
575
18%
775
21%. Feb
247/8
•
al5%
1
a6%
19 Vs
19
5
23 Ve
23 Vs
10 pesos
17c
16c
•
a38
29%
29Va
9
93
93
5
•
104
19%
23 Va'
18c
38,500
a37% a38%
Feb
Feb
6%
Jan
Jan
19%
Jan
23%
Feb
20c
Jan
t\
38%
Feb
30 '
,
Jan
I*
{I
•§
16c
Jan
304
35%
Jan
29%
980
29
Jan
93
100
84%
Jan
93
Feb
47 Va
50 %
2,965
103%
50
100
42
Jan
•50'A
104
61
103%
Feb
a45 Vs
a45 Va a47 Vs
469
40%
Jan
Feb
20%
Jan
20%
Jan
14%
Jan
15%
Jan
Standard Oil
1.05
9
Super Mold
9
Jan
Tide Water Ass'd Oil common
Feb
10%
Jan
Transamerica
Jan
29%
Feb
Union Oil Co
Jan
18
Jan
A
15
49%
49'/a
49
399
42
Jan
50
Feb
Union
9
39
63%
10
—.
38%
39%
Feb
39%
140
35 V8
1.05
1.05
30
1.05
Jan
it
56 Va
58
1,195
54%
Jan
58
Feb
32
32
32
250
i|
29%
Jan
32
Feb
10
19%
20 Vs
Jan
19'A
Jan
19%
525
18%
Jan
2
14'A
14'A
14%
5,347
15.%
22
21%
22%
1,904
13%
21%
Jan
25
Jan
22%
10
Corp
of California.....
preferred
Jan
63%
65%
435
51%
Jan
65%
103
103
103
12 Va
22
22
22
166
10
22'A
22 'A
23 Va
620
ii{
A
J2
3,829
a76% a79%
25% 26'A
450
69
Jan
78%
32%
75
29%
Jan
33%
275
24%
Jan
26 Va' Feb
U S Steel Corp common....
Universal Consolidated Oil
Feb
32%
9
Wells 'Fargo
Week's
West
...10
Range
Shares
Low
Range Since January 1
High
Low
High
210
2%
Jan
5
Jan
American
325
5V2
Jan
6%
Feb
American
Factors
33%
Jan
36
Jan
American Power &
Engine
10%
Feb
12
Jan
American Radiator
35
35%
718
925
650
9
25
25
25
125
Calamba
1
-?%
7%
7%
300
6V2
Jan
9
45%
7%
Feb
45%
45%
15
45%
Feb
46 Vs
Feb
29 Va
29%
29 %
397
55
55
Sugar Cap
Calif Ink Co Cap
California Packing
Corp
50
-
Caterpillar Tractor Co
a60'/if
9
common
Eureka
Mining Co common__l
Chrysler Corporation common..
_5
Co
a60 Vs a64 Vs
1.00
95c
102
3V3
102
26%
25
26%
27 V2
•
common
System
27 V4
al6Vs
2V2
27%
Jan
30
Feb
54
54
Jan
55
Jan
59
Jan
63
1.10
2,550
105
1,120
600
57c
27%
40
Jan
American
a30%
25
Edison
a32
Ind A—
•
Consolidated Coppermines
Cons Vultee Air Corp common.
of Amer Inc
Corp
1
al7%
1
20%
5
common
*
a6%
a
Mfg
common
Kleiser common..
Feb
Baldwin Locomotive
Feb
Baltimore
Service
Jan
13%
Jan
15%
Jan
Cumulative
preferred
preferred
29'A
Jan
34 Vs
Jan
50
22 %
22 Va
22 Va
214
21 Vs
Jan
23 %
Jan
a41Vs
a40% a41Vs
20
39 %
Jan
39%
Jan
a84%
a83V2a84%
46
5
5%
300
6Va
5%
6%
a35%
50
20
a._
30 %
Steel
Bunker Hill
a._
a__
Jan
Feb
Jani
a—
—.
15'A
16%
9
•
a57%
172%
a54%
3%
Jan
30%
Jan
Canada
Jan
32%
Jan
Canadian
38
100
37 Vs
Jan
38
6V2
Feb
8
34
Jan
35
Feb
15'A
15%
850
13
Jan
15%
Feb
16%
16%
435
14
Jan
16%
Feb
56%
Jan
57 Va
Jan
172'A
Feb
174%
6%
45
a57% a57%
172'A 172%
1,272
a54%a54Vs
50
41 Vs
41%
663
5
3%
3%
3%
a93%
3
7
__
100
100
a
a93% a96%
3J/s
175
7%
40
460
7
94
6 Vs
24'A
300
30
23 Va
6%
Feb
Feb
a__
—
—
Feb
41%
Feb
Jan
3%
Feb
96%
Jan
Feb
Jan
imt
r,
'
215
16%
a23% a23%
24 Vs
Feb
common
100
a
16
15%
a
a
<
19% Jan
14%
24%. Feb
Jah
5
a23%
5
a38%
a96%
a38% a39%
a96Vea97%
255
5'A
2,270
4%
Jan
a20% a20%
50
19%
Jan
_9
common
capital
1
& Sullivan
5Va
5
common
16%
a20%
2%
5
255
a__
35
a
Jan
.
"41
fpb
—
38%
a__
Feb
—
5'A -Feb
19%
Jan
19
19 Vs
201
14Vs
14'A
415
14 Vs
Feb
1A%
Feb
al5Veal5Vs
90
12%
Jan
14%
Feb
345
53
Jan
54%
Jan
19 Va
18%
Feb
19% Jan
Feb
70
5%
100
41 Vs
i3
Jan
6'/a
a35% a35%
50
common
Ohio RR
Boeing Airplane
30%
a6%
17 'A a 17%
,
50
20%
1,155
30
Jan
6%
Jan
Ginger
Dry
14'A
:25
al5Vs
Chesapeake & Ohio RR
25
a53
a53% a53%
10
a30%
a30% a31%
9
24'A
15%
Jan
16%
Feb
Cities Service Co
20
Feb
23%
Jan
Commercial
1,663
Jan
Commonwealth
78
105 V2
Jan
108
Jan
Consolidated
16
119%
Feb
123
Jan
Cons
Jan
32%
Railway
common
Solvents
31%
29
Ale
1.66%
Pacific
105% 105 %
Southern
&
Edison
Natural
Gas
Co
of
•
N
Y
Corp
Oil
148
27
Feb
32
Jan
Continental
27
430
27
Feb
32
Jan
Crucible
Steel
Co
Co
of
10%
10%
11
2,750
11
Feb
Curtis
25%
25
26
1,250
23
Jan
26
Feb
15
15
15%
341
14 V2
Jan
15%
Feb
Curtiss-Wrlght Corp
Domlnguez Oil Co
1,405
46%
Dumbarton Bridge
8% Jan
•
48'A
47%
48%
Jan
20
22 V*
49%
Jan
22'A
22'A
51
22 %
Feb
1
23%
9
9 Ve
627
7%
Jan
9%
92%
Co
common
113
26
Jan
26
Jan
315
24%
Feb
24%
Jan
3%
3%
700
3%
Jan
28%
28%
580
29'A
Feb
a49'Aa50Ve
43
a39%
36%
9
all%
1
6'A
•
25%
12'A
12'A
220
a39% a39%
25
36%
100
36%
3%
Jan
27%
Jan
a__
9%
a-_
Feb
Jan
12%
39
Feb
39
Feb
36%
Feb
36%
Feb
10%
Jan
allV2all%
88
6'A
24%
6'A
25%
365
5%
Jan
6%
Feb
562
23%
Jan
25%
Jan
6
6 Vs
812
5%
Feb
6'A
Feb
Feb
12
Jan
9%
Publishing
12!4
9
Amer
1
5
(Del)
27
common
28%
a49'A
.
24%
24'A
3%
•
15
Co
Motors
27
10
a88%
-a88% a90%
100
92%
Jan
410
7 Vs
Jan
27%
41
27%
Jan
5 .'A
400
4%
Jan
63
65 »A
1,841
52'A
Jan
26 'A
2fc'A
28'A
1,075
20
Jan
23
23
23
130
22%
Jan
7'/i
7%
7%
27 V2
27 %
2
5'A
5'A
10
64
•
9
General Motors Corp common^.
General Paint Corp common..
400
11%
36 %
330
'
&
Bethlehem
86
2%
common
32%
Barnsdall Oil Co Capital.
Bendix Aviation Corp
a32
25
Linen
32Va
14
Jan
9
Machinery Corp
32%
100
30
•
Preferred
Jan
1
San
Corp
4
common
Jan
320
9
Std
105
27
Corp
Farnsworth Tele & Radio
Jan
31
5
If
27
Co
Emporium Capwell Co common
Ewa Plantation Co Cap
10%
12
*
Copper Mining
Argonaut Mining Co
Atchison Topeka & Santa Fe
Aviation Corp of Del
27
Works
Oil
510
325
1
Anaconda
5
Products
11
36'A
20
Tel Co
Viscose
5
common
Doernbecher
&
Continental
Di Giorgio Fruit Corp A common
11
Light
Jan
28
Feb
9
cap
Jan
Feb
Jan
Feb
325
Smelting & Refining
American Tel &
all7%all7%
105 V2
all7V2
50
20'A
30
9
preferred
38
a6%
1
Preferred
a30% a30%
38
5
common
a30% a30%
a31%
Ltd
86 V2
27
Jan
23%
36'A
com
26
1.10
22
Jan
A Feb
11
Feb
26%
al6Vs al6Vs
a30%
2V2
A
Class B
Zellerbach
Jan
Jan
Blair & Co Inc
Colorado Fuel-& Iron
Broadcast
4%
25
177
Coast Counties G & E—
preferred
Jan
Jan
American
•
common
4%
25
Jan
21%
325
&
6 Vs
35
20%
36'A
Corp common
Foreign Power
4'A
5%
11
Commonwealth
Alleghany
3%
5%
20
Jan
Unlisted Securities—
10
Bank
Co
103
1
100
3%
4%
Chemical
RR
Preferred
for Week
of Prices
Pacific
Jan
20
Indies
Western
26 %
102
100
Bank & U T
Sugar common
Western Dept Stores common
Sales
Sale Price
Mng Co
a76%
Jan
Exchange
Kodak
Feb
Eastman
Jan
Electric Bond
8
28
of
N
J
9
& Share Co—
rights
rights
6
a
15%
a
15% 16%
63
rl
4.755
a_.
ft
,
wi
"P"
Jan
10
Co
"A"
Jan
wi
rl
rl
%
Jen
1
Jan
Feb
*
33 Vs
33 Vs
35 Vs
245
Jan
38%
rj^
%
*
rj£
39%
4,152
General Electric Co
39 /2
1,068
35%
Jan
39
Feb
Goodyear Tire & Rubber common
9
58 %
58 %
58 %
245
56%
Feb
58%
Feb
a5Vs a5%
a48%a48Va
100
Jan
5%
5
5
200
a7
a7 /a
65
3'/a
3,385
a34% a36%
210
rjj
-
5%
Jan
65'A
Feb
Graham-Paige Motors
28%
Feb
Gt
23
Jan
30
Jan
Gladding McBean & Co
•
34 Ve
34%
34 Vs
181
30
Jan
Golden State Co Ltd
•
34%
32%
32%
529
31
Feb
35%
Jan
102
Nor Ry non
Holly Oil Co
common
cumulative
pfd
-1
9
1
a5Va
a48Vs
5
50
4
Feb
a—
a_.
Feb
8%
Jan
Feb
32%
4%
common
preferred
100
Hale
Bros
Hawaiian
Hudson
Motor
Foods
Ltd
Hutchinson
IXL
Car
Inc
Sugar
Mining
103
200
35%
36 %
390
*
37'A
a7
3
Jan
*
Jan
Inter Tel & Tel Co
*
17%
*
a49
a26%
475
27
Jan
29
Feb
25 V8
Loew's
25%
936
22%
Jan
25%
Feb
Matson
42 V2
42%
44
750
40%
Jan
44
Feb
Navigation Co
Montgomery Ward & Co
Feb
Mountain
19%
19 %
19%
9
Plantation
common
Copper Corp
29
20
Co
19'A
19'A
20'A
370
26
25%
26
345
15
500
11
10
11
30
1.35
12
1.35
1.35
300
18%
17
Jan
19%
Inc
common
City
Copper
Jan
20'A
29
Jan
10
Feb
11
Feb.
Nash-Kelvinator Corp
National Distillers Prod
1.10
Jan
Jan
N
1
9%
9
9%
5,210
6%
Jan
9%
Feb
North
9
32%
32%
32%
320
32'A
Jan
34 V4
Jan
North American Co
35 V2
35 %
36
40
35
Jan
36%
Feb
10%
165
10
Jan
10%
Feb
Oahu Sugar Co Ltd cap
Ohio Oil Co common
19%
46
17'A
Jan
19%
Feb
Olaa
Onomea Sugar Co
Pacific Portland Cement common
Libby McNeil & Libby
7
Lockheed Aircraft Corp
1
Co
1
Marchant Calcul Machine
5
Menasco Mfg Co common
National Auto Fibres common
1
see
page
974.
a
10%
19%
a
17'A
a
10%
18%
a
al7Vs al7%
1.35
54
14%
Jan
17%
Feb
31%
Jan
37
Feb
36%
37
330
3 Vs
3 %
3'A
3,640
13 V2
13%
14
780
37
*
*
*
a34%
26'A
62 %
5c
2.40
5
al8%
•
21%
2,95
17%
17%
a48%a49%
a26'A a26%
25% 26%
62 63 /4
2.40
2.40,
Feb
Feb
7
0
2.80
34 Vs
Jan
Jan
3 '/s
Jan
36'A
17%
..
Jan
Feb
28
14%
Jan
295
46 V2
49%
285
23'A
Jan
Jan
25%
Feb
630
24
Jan
26%
Feb
804
56
Jan
64
Feb
Jan
100
2.25
Jan
2.50
al8% al9%
185
15%
Jan
19 Vs
21%
520
18%
Jan
22
21 A
863
16%
Jan
22
Feb
Feb
Jan
23%
10
Leslie Salt Co...
footnotes
103
1
1
28%
6.66%
Co
common
Corp common
Langendorf United Bak A
For
Jan
Jan
Hupp Corp
Idaho Maryland Mines Corp
International Nickel Co Canada
25 Vs
•
Kaiser-Frazer
Magnavox
33%
Feb
28%
•
Honolulu Oil Corp capital
Honolulu Plantation Co
Hunt
103
35%
35 Ve
Kennecott
Stores Inc
Pine Co
103
9
Greyhound Corp common
i!
Jan
9
common
Sugar
Rights
Jan
j|
1.05
10
32
27%
:|
56 %
Cal
Corp Cap
15
v*
Feb
50
Co of
;
Feb
47;
104
Feb
22
3
11%
Jan
Feb
3%
14
Y
Central
RR
American
capital
Aviation
common
21%
*
21%
1
alO%
10
32%
32%
32/s
373
20
19 Vs
19 Vs
19 k
15
alO'A alO A
a23%a23A
50
10
Packard
Feb
Pan American Airways
Co
common..
*
a23%
a5
a5
a5
25
20
15
15
15
85
10
16
15
16%
100
Preferred
Motor
21%
20
Sugar Co
.Tan
j
Feb
al5%al6'A
a6%
a6%
U
VI
•!:,'!
Feb
10%
I
Feb
38
11
1
l
Jan
9%
30
18%
90
75
200
50
•.
38%
Co...
50«
Gold
National
2nd
Jan
.
a22
4%
.Conv
'I iJ'W
32
al6% al6%
10 %
Galland
60
a21%
4%
Foster &
Feb
35
al6%
10%
Food
57%
34 Va
Feb
17%
Jan
Pacific
16 %
29%
16%
25
Diesel
Dorado
|
Feb
34%
a21%
Feb
2
Electrical
Feb
1
Jan
31
2.50
El
77%
2
23
Bishop Oil Co
Byron Jackson Co
B
Jan
57
Sperry Corp common
Spiegel Inc common
Spring Valley Co Ltd
Jan
Par
2nd
Feb
70
95
15
Southern
14%
Jan
common
common.:
Juneau
Crown
26%
425
9
common
Feb
Jan
Jan
29
9
Mfg Corp
Creameries
Feb
777/3
57%
Signal Oil & Gas class A
21
9
Oil
f; f
M
26%
77%
57%
7.50
fioundvicw Pulp Co common
Preferred
130
25
Union
Feb
Feb
223
com
com
Shell
fai
77%
United Air Lines Corp
Alaska
Cons Chem
1,005
129
57 Vs
lo
7
22 Vs
common
Aireon
Columbia
Jan
Sears, Roebuck & Co capital..^
Feb
15
30%
STOCKS—
First
2%
*
!
12
22
Last
Clorox
Jan
common
Jan
30%
Friday
Preferred
Jan
2
l
Jan
6
San Francisco Stock
Central
v
1,482
26 Va
common
San Mauricia Mining.
Feb
6 %
11
14%
6%
Safeway Stores Inc
43
40
10
common..
Motors'
Imp
Jan
r2%
26 %
28% Feb
9
Victor Equipment Co common
Waialua Agricultural Co
Atlas
122%
r2%
26%
13% Jan
.
9
Inc!
Feb
Jan
14
10
12
4
common
Fuller
Elec
Calif
791
x2 %
common
Co
Jan
31
20
Cement
Serv "A"
7
12
5
com
27
37%
50
*
*
American
Anglo
Jan
Jan
Unlisted—
General
Jan
27%
Manufacturing Co
Oil Corp common
Ryan Aeronautical Co
23%
common
Electric
General
13%
558
126
33
9
com
Jan
984
27%
Richfield
23%
104%
13%
27%
Preferred
Republic Petroleum
yi;4
Jan
13%
common
1
_
62
125%
Rheem
1
30
Jan
100
Rayonier Incorp
150
29%
Jan
103 %
27%
10
Preferred
Jan
8
60%
23
125%
common
Ry Eq & Realty Co Ltd
100
common
&
80
100
8
13%
751
9
Jan
18
Dry Goods
Pub
13 %
14%
common
Portland
Baer
Jan'
17%
Brick
Sterling Aluminum
Stix.
12%
14%
McQuay-Norris common
Midwest Piping & Supply
Rice-Stix
85
1
Laclede-Christy Clay Products
St Louis
13%
35'A
Laclede Gas Light common:
Missouri
13%
19
common
Steel
13%
4
Shoe
Knapp Monarch
Laclede
Feb
5
Griesedieck-Western Brewing
Huftig S & D common
Johnson-S-S Shoe
20%
common
common
Intei national
Feb
35
common—.
Hydraulic Pressed
19%
common
Brewing
Shoe
120
19
9
61%
104 104%
100
s.
Phillips Petroleum Co capital
Pig'n Whistle Conv prior pfd
High
20'A
1
common
General
Loto
19%
10
Electric
Falstaff
Range Since January 1
61'A
104%
Rights
High
15
common
Co
Pub Ser common
Pacific Western Oil Corp
Paraffine Co's common
20'A
1
Manufacturing
Century
Shares
Low
61%
9
1st preferred
for Week
of Prices
Sale Price
9
dividend
Pac Tel & Tel common
Sales
Range
Par
A
Exchange
|
•
Feb
Feb
'
25
12
fj
High
11%
10%
100
30
60c
common
Range Since January 1
1.23C
14
1
1st preferred
1st
14
15
Aggregates
Exchange
Shares
12Va
10
Pacific G & E Co common
6% 1st preferred
Phone
Stock Exchange
Stock
Oil
Sugar Plant
Pacific Can Co
Pacific Coast
Members
Hew
American
Sales
for Week
High
12Vs
12%
100
Occidental Petroleum
Paauhau
St., St. Louis 2, Missouri
Low
»
common
of Prices
118
116
7%
•
7%
2.50
al3%
Feb
Jen
Feb
Jan
10%
Feb
31
Jan
32%
Feb
19 Vs
Feb
21%
Jan
9%
a—
a..
Jan
5%
Jan
13%
Jan
600
13
Jan
15.
16%
Feb
118
81
106
Jan
7%
5,850
al2%al3/s
483
5
6
11%
118
Feb
Feb
Jan
7%
Feb
Jan
127/8
Jan
THE COMMERCIAL &
970
OTHER STOCK
RANGE
Friday
Range
Pullman Inc cap
Radio Keith Orpheum
Socony-Vacuum
.
—
28%
Jan
30%
Jan
25
Jan
26%
Feb
Standard Oil Co of N J—
25%
Jan
30
Feb
Studebaker Corp common
Jan
42%
Feb
Swift
54 %
Jan
55 %
Jan
23%
Feb
United Aircraft Corp common
Jan
10%
Feb
Utah-Idaho Sugar Co common
Warner Bros Pictures
a23% a23%
50
989
8%
10
.15%
29%
18%
10%
15%
30
18%
6% preferred
—
37%
175
15%
15%
14%
15%
273
33%
33%
25
So Cal Ed Ltd common
32%
32%
32%
a
&
Co
cap
_
37%
-
—
—
Jan
15%
Feb
Jan
30
17%
Jan
18%
Jan
15%
Jan
16y<r Jan
25%
605
-
384
67%
Jan
69%
Jan
24%
720
18%
Jan
24%
Feb
36%
a36%
a
36 %
25
a__
a
18%
al8%
a
24
67%
24
19%
40
18%
Jan
19%
Jan
1
3%
3%
4
522
3%
Jan
4 %
Jan
4%
4%
4%
550
4%
Jan
4%
Jan
5
Petroleum
Westates
18
17%
18
610
15
Jan
18
Feb
1
common
38c
38c
39c
713
30c
Jan
50c
Jan
4%
Jan
22
22
180
17%
Jan
23
Feb
27%
28%
1,076
23%
Jan
28%
Feb
1
al2%
12%
50
10
Jan
13
Feb
10
51
51
161
50
Jan
52%
Jan
14%
Jan
15%
Feb
33
Jan
34
Jan
309
31%
Jan
32%
Feb
Woolworth
Westinghouse
4%
1
Electric Corp
Willys-Overland Motors common.
(F W) common
4 %
a
tale Price
STOCKS—
Low
Par
Abitibi Power ft Paper com
$1.50 preferred
$2.50 prior
•
20
20
•
preferred
Acadia-Atlantic Sugar A
5%
preferred
Algoma Steel common
100
•
Aluminium
Ltd
•
-
Aluminum Co of Canada 4%%
Anglo Can Tel Co preferred
Argus Corp common
4%% convertible preferred
pfd—25
50
22
5,960
19%
Jan
40
22
26%
21%
22
Breweries
Molson's
Montreal
Locomotive
Montreal
26%
9
95%
41
Brazilian
Trac
*
100
Jan
23
Jan
105
Jan
106
Feb
27%
650
26%
101
250
22%
Jan
101
Feb
193
29%
Jan
Feb
103
Jan
204
National
Breweries
Preferred
U
common
_
.
_
•
Feb
Horandn- Mines Ltd
1,250
26%
Jap
27%
Feb
20
52%
Jan
53
Feb
Ontario
9
2,600
8%
Jan
9
Feb
Ottawa Car Aircraft
Jan
96
Jan
*
Ogilvip Flnnr Mills cnmmotV....
53
100
8%
360
96
95
1.70
1.70
300
93
1.40
Ottawa
Electric
Ottawa
Light Heat & Power
Jan
30%
1,451
1,210
21
Jan
23%
Feb
Penmans
190
189
190%
733
187
Jan
190%
Feb
Placer
23 Va
1,709
22%
Jan
23%.
Jan
Powell
175
20%
Jan
22%
Feb
Power
22%
22%
4%
4
28%
3
22%
4%
19,805
3%
4%
Jan
28%
Jan
140
2%
Jan
210
29
31%
30%
32%
17%
17%
18%
425
22%
5
3%
98
29
29
$1.30
common—..
Too
preferred
22
22%
2,394
1,520
29%
3%
Feb
*
Jan
Feb
28
Feb
29
Feb
32%
Feb
5%
Bronze
♦
common
Canadian Car ft Foundry common
Class A
•
20
—
Canadian Celanese
Preferred 1%
16
Jan
18%
Feb
19%
Jan
23%
Jan
St
A
Feb
26%
Jan
St Lawrence
17%
Feb
St
160
47%
Jan
49
Jan
42
Feb
425
14%
.19
2,074
42%
'
-
26
Jan
44
Jan
preferred
100
13
Jan
14%
Feb
18%
Jan
19 %
Jan
Class
Canadian
Oils
..25
Consolidated
Consumers
Glass
class A
7
13
Feb
13%
Jan
40
Jan
42%
Feb
30%
20
30%
Jan
5
145%
Feb
36%
150
15%
1,045
15%
125
1,205
31%
150
Jan
Jan
5%
Sons
Distillers Seagrams old common
Dominion Bridge
Dominion
Coal
Dominion
Dairies
35
Jan
Tooke
14%
Jan
13%
Jan
33
Feb
26 %
23%
Jan
26%
Feb
_
50%
52
2,670
46%
Feb
53%
28 %
29
656
28
Jan
29
Jan
19
19
110
19
Jan
19
Jan
6
50%
Feb
18%
Jan
Weston
13
Jan
14%
Feb
12%
Jan
14%
Feb
1,728
84%
Jan
89%
Feb
Paper 4%%
Power
17%
(Geo)
Jan
33
70
145
68
Feb
71
Jan
19
19 %
700
16
Jan
19%
Feb
36
35
36 %
2.365
34
Jan
36%
19
Jan
Jan
36%
Jan
13%
14
59
61%
Jan
16%
Feb
Commerce
41
41
55
40
Jan
42
Jan
125
36
Jan
38
Jan
18%
26
Jan
26%
37%
16%
18
—
27
100
26
27
26
•
0
Industrial Acceptance
Corp coinZZZ*
International Bronze common
•
•
m
•
International Power common
•
International Utilities Corp
ZZZ15
Jamaica Public Service Ltd
com
•
!!!!!»
80
560
"2
25%
Jan
27
"•
25%
Jan
26%
common
101%
Feb
Jan
103
17
260
16
Jan
17
19%
Jan
19%
20
310
19%
Feb
20%
Jan
20
25%
Jan
26
Jan
14
Jan
Feb
33 %
127
'
34
125
129
33%
126
971
Jan
34
Feb
Jan
33%
116
134
Feb
Jan
24
24%
3,228
23%
Jan
25%
29
30
275
27%
Jan
30
Feb
13%
24%
14
14
2,360
13%
Jan
14
Feb
13
Jan
13%
250
Feb
13 %
13%
13%
28%
28%
28%
10O
28
Jan
28%
Feb
18
18%
250
17%
Feb
18%
Jan
9%
5,515
8%
Jan
9%
Feb
9%
9 %
Feb
42
103
Jan
103 %
80
80
25
80
Jan
81%
Feb
86
87
180
86
Feb
89
Jan
40
40
35
40
Feb
41
Jan
15%
15%
103 % 103 %
87
9%
9%
9%
Feb
15%
Feb
3,450
9
Jan
9%
Feb
75
100
15%
Jan
Jan
80
24%
Jan
26
Jan
20
29
Jan
31
Feb
25
22
Jan
79
79
80
275
25
25
26
2,720
30%
30%
22
22
22%
Jan
15
15
16 %
13
Jan
16%
Feb
.100
99
99
99
25
97%
Jan
99 %
Jan
37
37
38
35
36%
Jan
38
Feb
Feb
Feb
_
-
_
—
_
1,163
'
27 %
Jan
29
800
21%
Jan
22
231
22
Jan
23
25%
Jan
26%
50
29
29
22
22
_10
22%
22%
26%
1.230
375
37%
Jan
39
910
23%
Jan
25
__25
.
104%
100
451
92
Jan
100
184
ZZZZZZZloO
10
Royal
—
25
184
184%
Feb
20%
Jan
20%
Jan
104% 104%
15
103%
Jan
105
Jan
Jan
18
Jan
21
Jan
Acme
Jan
Atlas
18
18
375
160
17
16%
17%
495
11%
11%
18
17%
18
1,430
25
26
350
18%
18
18%
245
109% 110
5
5
179
17
20%
16%
Feb
Feb
18
Friday
Glove
Jan
Feb
Steels
4
11%
12%
12%
65
Jan
12%
Feb
*
11%
class B
•
preferred —100
7
7%
370
6%
Jan
7%
Feb
CI A pfd
Jan
11%
Jan
Auto Fabrics Co. Ltd.
17%
Feb
18%
Jan
Bathurst Power & Paper
24
Jan
26
Jan
Belding-Corticelli
17%
Feb
18 %
Jan
Brand & Millen Ltd A
7%
•
50
109%
Feb
110%
Jan
Brandram-Henderson Ltd
4%
Jan
5%
Jan
Brewers
5
0
18 %
Jan
16%
Jan
British
pist.
Oil
Co
Ltd
CI
4
2%
0
13
13%
105
155
2%
13
Feb
Feb
Jan
170
Feb
3
Jan
13%
Feb
16
16
60
15
17
Feb
21
21
21
25
21
Feb
25
Jan
26
26
26%
720
25%
Jan
27
Jan
15%
A—*
16
40
62
64
165
15%
Feb
Feb
15
Feb
9%
675
8
Jan
9%
Feb
British
625
27
Jan
29%
Feb
British Columbia
P & P Co Ltd com__l
62
Brown
common
1
5%
5%
5%
15.109
100
86
88
1.298
Hosiery Co Ltd
—1
100
10
10
150
106% 106%
30
20%
Jan
21%
Jan
61%
Feb
63
Jan
53%
53%
53
Jan
53%
Feb
44
45%
1,240
40%
Jan
45 %
Feb
14%
15
8,358
12%
Jan
15
Feb
15%
15
15%
3,701
13%
Jan
15 %
Feb
8%
34
26
26
36%
37%
125
Packers
Columbia
Company
Preferred
Butterfly
Feb
Power Co Ltd 6% pfd
Canada ft Dominion Sugar
145
30%
Jan
34
Jan
Canada
135
25 %
Jan
26
Jan
Canada North Pr Corp Ltd 7%
2,275
34%
Jan
37%
Feb
Canada
767
8
Jan
8%
Calgary
Malting
Starch
Ltd
Co
51%
52%
5,465
48%
Jan
55
Jan
Canada
16%
16
16%
6,602
14%
Jan
16%
Feb
Canadian Dredge &
45
45
13
12%
13%
12
26
25%
106 %
»•
*
21 %
20%
21 %
553
60
60
62%
100
pfd_100
110%
Co Ltd
52
common
Vinegars Ltd
Dock Co Ltd
Jan
46
Jan
Canadian Gen Investments Ltd
•
12 %
Jan
13%
Feb
Canadian
Industries
12
50
11%
Jan
12
Jan
Canadian Ingersol
26
245
25
Jan
26
Feb
Can
34%
40
34%
Feb
36
Jan
International
Canadian
Marconi
Rand Co. Ltd
Inv
13%
100
13%
Feb
14
27%
100
23%
Jan
27 %
Feb
16%
16%
116
16
Jan
16%
Feb
24%
16%
25
1,846
21
Jan
25
Feb
450
64
Jan
68
68
65
*
Jan
Jan
Feb
4
Feb
1
2%
Jan
Company
Candn ,Pow & Pap Inv 5%
Canadian Silk Products
pfd
Canadian Vickers Ltd common
preferred
Feb
Feb
Feb
7%
10%
Jan
Jan
Feb
565
3%
21
Feb
Jan
70
11
2%
172
15%
Feb
224
Jan
120
Jan
2,500
Feb
Feb
112%
15%
Feb
4
20
Jan
10%
2%
172
15
Jan
92
107
2%
35
115
110
Jan
Feb
3%
10
30
Jan
Feb
4
21
665
Jan
9%
5%
2%
172
15%
78 %
106
64
Tr Ltd com—55
21
120
Jan
Jan
26%
•
common
4%
13%
*
•
45
95
53
110% 111%
10 %
100
595
172
15%
„•
Ltd
155
2%
Feb
29%
15
115
155
2%
0
1,000
Feb
15 %
Feb
10
Jan
Jan
115
High
Jan
Limited
American
Low
10
11
&
Range Since January 1
High
500
17%
34%
Low
11%
15%
—
Shares
11%
740
—
for Week
8
551
—
Range
10O
16
36 %
Sales
Week's
10
18%
8%
Jan
10
15%
33%
Jan
*
Ltd
Works
15%
—
24%
of Prices
Par
of Vancouver
Bright & Co Ltd T G
53%
24%
38%
Last
18
28%
38
Sale Price
STOCKS—
18
—
24%
26 %
Canaiiaa Fonda
Jan
50
20%
28 %
26%
38%
Montreal Curb Market
20%
20%
•
*
10
Feb
20%
109%
-10
Jan
98
20%
—
974.
5
16%
102% 102%
Feb
*
Feb
750
184
Preferred
5,346
26
26%
—
page
Feb
Jan
Preferred
Z
Feb
61%
Feb
Z*
common.
15
Jan
Feb
13%
37%
16%
9
Limited
-
Nova Scotia
41
•
.
Jan
54%
«
Montreal
Jan
"iTm
International Paper common
International Petroleum Co Ltd
11%
1,925
44 %
—
Canadienne
15
630
Feb
910
13%
60
._10
Jan
32%
--
com
220
Bank*
16%
1,010
11
•
International Nickel of Canada
Jan
32
68
Jan
•
preferred
5,350
Hamilton
Lang ft sons Ltd (John A)..
Lewis Brothers
Limited
18%
33
;
common
31
32
common
Zcllers
16%
26
Smelting"!!"
Jan
80
f>
_
36
Jan
III*
common—
17
15%
<t
Preferred
17%
11%
Preferred
Feb
83
15%
Jan
Jan
IIIIII*
see
31
31%
•
Gypsum, Lime ft Alabastlne
footnotes
Jan
10
1
General Bakeries *
General Steel Wares
Lindsay (C W)
Jan
325
ZZ.100
Woods
42%
300
20
common
Imperial Tobacco of Canada
30%
Jan
11
prefer red—100
preferred
Feb
15%
82
*
16
»
II
83
15%
•
_
35%
—
Hudson Bay Mining ft
Imperial Oil Ltd
100
41%
32
•
I_
Jan
82
•
Winnipeg Electric common
16
•
Bridge
Howard Smith Paper
175
30%
26%
I
78%
88
_
Wilsils Ltd
1,475
30%
Jan
36%
25
Cotton
7,991
305
Feb
4%
2,660
Walker Gooderham & Worts new com •
14%
42%
6%
625
44 %
Wabasso
15%
42
6 %
42%
Jan
18
89%
Jan
Jan
.109
_
Rapid Transit
United Steel Corp.—
14
86%
4,345
14
Jan
10%
Foundation Co of Canada
For
Feb
25
25%
*
Brothers
15
ZZlOO
the
14
Jan
31%
•
common
Bros.
(John)
49
Jan
17
15%
10%
•
Dryden Paper
of
47%
Jan
13
Jan
16%
31%
25
Ltd
Eddy Paper conv class A
Electrolux Corporation
Enamel & Heating Prod
Famous Players Canad Corp
Lake
Feb
48
45
Jan
37
Feb
100
Preferred
Labatt
44%
200
14
9%
_
common
City
18
10o
Stores
Dominion Textile
5%
615
49
13%
225
Feb
«■
Dominion Tar ft Chemical common
Vtc
Gatlneau
47
48%
6,775
36%
•
common
Preferred
Donnacona
45%
49
•
of Canada
17%
25
Dominion Steel & Coal class B
Donahue
_
Preferred
36
preferred
Dominion Foundries & Steel
Dominion Glass common
Dominion
31
14
ft
common
preferred
Steel Co
15%
30%
Jan
645
*
Standard Chemicals common
4,700
15
&
H
6%
Davis Leather Co Ltd
Jan
1.535
40
com.
Southam Press Co
35%
42%
40
22
36
16
•
Jan
15
87
Jan
21%
26
...
Feb
33
To
Mining ft Smelting
Feb
13
-100
Vtc
Simon
14%
RailwayZZZZZ
22%
16
•
18
common.
Feb
Jan
40
*
Cockshutt Plow
20%
26
_—
Canada
of
common
42%
13%
36
Williams
Breweries
67
15
Canadian Pacific
Jan
13%
•
Shawinigan Water & Power
Sicks
Jan
33
_.
19
16
common..
preferred
Paper
Jan
42%
30%
15
B
Canadian Locomotive
Jan
6,895
•
ft
Flour Mills
58
145 % 145%
36
34%
20%
43
Lawrence
Twin
Canadian Foreign Investment
Canadian Ind Alcohol common
200
20
20
__
42
13%
—
Feb
36%
36%
*
165
41
•
Feb
36
20%.
*
common
1,531
67
42%
25
Fairbanks
2,621
180
62
Preferred
Canadian
14%
42%
100
Feb
20
260
Jan'
25 %
43
18%
•
preferred
31%
43
66 %
common
27%
Jan
—
Paper common
4,954
•
Canadian Converters class B„
Canadian Cottons
Jan
17
*
Lawrence Corporation common.
Jan
48%
100
common
23%
100
-
Quebec Power
Regent Knitting
Jam
26
14%
•
•
common
Transport
Jah0'
25%
43
•
Co
preferred
Provincial
Sherwin
Canadian
4,125
20
Jan
29%
_
1
.
14%
48%
common
27%
19
19
com. .100
Corp of Canada
30
26
1
preferred
6%
Canadian Breweries
26
20
32
__
*
Price Bros ft Co Ltd
25
17%
_
Feb
26%
68
Rwys__
common
River
50
31%
26
16%
31%
Ltd
1,135
30%
26
17
Canada Forgings class A_.
Canada Steamship common.
20%
6
t
..
Development
Rolland
Cement
Jan
Feb
23%
British Amer Bank Note Co
Canada
18%
__
_
Jan
23
Mills
7,501
*
_
2.00
23
British. Columbia Forest ProductsBritish Columbia Power Corp A
Building Products class A—
Bulolo Gold Dredging
20%
•
common
Feb
27
22%
Brack Silk
High
Low
19%
19
_
Products
Steel
30
29
Range Since January 1
High
20%
5
27%
204
25
Drug & Chem conv pfd
National Steel Car Corp..
Natl
29%
Class B
Low
'
45%
Too
26%
202
22%
Light ft Power
Shares
21%
Works
Page-Hersey Tubes
class A
for Week
Jan
22
15
29%
Bathurst Power ft Paper
Bell Telephone
Range
of Prices
*
•
Tramways
53
202
1.70
Corp
1
Montreal Light Heat & Power Cona
Feb
1,275
37%
Jan
•
Feb
22%
101
Warrants
Asbestos
21%
High
Jan
40
—•
100
Low
105% 105%
100
Preferred
High
40
•
(Robert)
Mitchell
Range Since January 1
18%
21%
_
McColl-Frontenac Oil
5,271
20%
•
Massey-Harris
21%
20%
Sales
Week's
Last
for Week
Shares
51
Sale Price
STOCKSPar
Range
a
14
ENDING FEBRUARY
Exchange
of Prices
Last
12%
LISTED MARKETS
WEEK
Sales
Jan
3%
22
27%
745
FOR
4%
1.116
*
com. -12%
—
Telegraph A
Western Union
Fund*
Week's
a
___
5
Friday
Friday
67%
a
67 %
—
347
RANGE
Canadlaa
36% a37%
a
I
High
a__
a__
25
_
___
_
Preferred
CANADIAN
Montreal Stock
Low
32
Feb
13
430
Range Since January
High
5
—
25
1
_
United Corp of Delaware
10
15%
29%
18%
15%
33%
Low
Jan
21%
70
a23 %
14%
Brands Inc
Standard
100
215
420
25
capital
Oil
Shares
ft
320
*
15
common
Republic Steel Corp common
Riverside Cement Co A
Sinclair Oil Corp
29 %
•
1
•
*
of America
Radio Corp
for Week
of Prices
Par
High
Low
a59%
—
Pure Oil Co common
Range
Sale Price
STOCKS—
Range Since January 1
High
a267/8
a30%
42%
a60%
29 %
325%
a30%
42%
Sales
Week's
Last
29 %
a25%
a29%
42
a59%
1
•
Pennsylvania RR Co
Pepsi Cola Co
Phelps Dodge Corp
FEBRUARY 14
Friday
Shares
Low
-—-—-50
33 %o
25
Paramount Pictures common
EXCHANGES
ENDING
for Week
of Prices
Sale Price
Par
WEEK
Sales
Week's
Last
STOCKS—
FOR
Monday, February 17, 1947
FINANCIAL CHRONICLE
Jan
Feb
14
*
14
64
30%
41
30%
70
30
Jan
30 %
Feb
Va
25
26
Jan
32
Jan
140
95
138
Jan
154
Jan
28%
•
100
12%
14
140
140
28
Volume 165
Number 4569
THE COMMERCIAL & FINANCIAL
CHRONICLE
C^NAPIAN
RANGE
Friday
Week's
Range
Shares
Claude Neon
Low
2
General Advt Ltd
3%
3%
21,625
15 %
120
*
15% Jan
15%
Feb
40c
40c
300
35c
40c
Jan
•
.4%
4%
4%
880
35c
35c
35c
16
17
17
17
4
•
19%
Consolidated Paper Corp Ltd
Consolidated Textile common-.
'Preferred
Cub Aircraft Corp Ltd—
Donnacona Paper Co Ltd
East Kootenay Power 7% pfd
Eastern Steel Products Ltd
Aircraft
*
100
4%
4%
18
4%
15
10%
Jan
12
2%
Jan
3%
810
Fleet
58%
45
*
4%
4%
21%
22%
•
Halifax
Metal Industries Ltd A
International Paints (Cant Ltd A
Foundation Ltd
Publishing Co of Ottawa
Lambert, Alfred, Inc__
Lbwney (Walter M) Co Ltd
Massey-Harris Co Ltd 6%% pfd—I_20
McColl-Frontenac Oil 4% pfd
100
N(elchers Distilleries Limited
Preferred
Mount
Ontario
Nova Scotia
I_5
Paper Co
Co
Ltd
Light & Pow
Jan
34
Feb
Jan
77
Feb
19
19
25
18%
Jan
4
4%
125
3%
Jan
30
105
30
Feb
30
Feb
12
12
75
12
Feb
13
Pa ton
9
275
8
Jan
.9
Jan
15%
15%
125
Feb
16
Jan
Pauls
Ltd
Power Corp of Can
6%
Stores
Sangamo Co Ltd
Southmount
Invest.
Stores
Co.
•40
.9%
Jan
12%
Feb
160
12%
Feb
12%
Jan
Cons
rfor,week
Aluminium
21%
21%
22
25
39
38%
41
265
common—*
22%
37% Jan
41
22
22%
200
22
23
7c
8c
5,000
2
a
675
28%
Jan
15
102%
6%
Jan
Jan
Jan
14%
14%
310
13%
Jan
14%
Jan
21
2,775
17
Jan
21
Feb
13%
Feb
12%
103
109
Jan
Jan
104'"
Jan
110
Feb
110
110
110
20
21%
21
22
651
21
21
21
100
20
Jan
21
Feb
20 %
20 %
21
275
19
Jan
21%
112%
Jan
22
Feb
Jan
111
30
108%
Jan
26
26
128
25%
Feb
6%
10
110
6%
650
Jan
7
Jan
10
10
50
10
Jan
10
Feb
11%
75
10%
Feb
11%
125
120%
125
10
24c
24c
4,471
17
17
105
10%
10 %
*
—
120
31
2
2
Jan
17
31
ArgUS Corp Ltd
Preferred
1.50
Jan
17c
Feb
24c 31 %c
36,700
20c
Jan
.1
28
1.55
1
Jan
10%
Feb
17 c
465
21
Jan
204
155
193
Jan
200
26
Jan
27%
1.51
1.64
11,600
Feb
1.90
16c 17 %c
6,600
15c
Jan
97c
1.15
1.37
61,553
8.75
8.95
520
1.20
1.26
1.22
Jan
Alger Gold
Mines
Alta
Mines
1.35
Ltd
Mines
Arno
Mines
Ltd
29c
I
Ltd
5%c
Beatrice
Gold
Red
Beaucourt
Beaulieu
Mines
Lake
Gold
Gold
__
41c
Mines
Ltd
Mines
Mines
II
Ltd
49c
& Diamond
Buffadison Gold
class
—
A
Jan
10c
Jan
12c
6%c
Jan
10c
Feb
58c
65c
53c
Jan
.70c
Feb
Il%c
4,500
3,000
8%
9
3,640
94%
1.60
95
95
1.25
1.70
2,525
Auto
2 lc
23c
21,000
86c
22,000
77%c Feb
10c
12c
62,800
9%c Jan
12c
14%
15
65
14
Jan
15% Jan
7c
10c
14,470
22,300
Feb
10c
17%c Jan
18c
18c
20c
32c
32c
33c
11%
12%
35c
15,550
1,245
East
Elder
El
I.
20c
Jan
Jan
39c
Feb
63c
Feb
76c
Jan
4.65
4.60
4.90
37,800
20,300
12%
12 %
125
5%
*
1,500
1.35
Jan
1.50
Feb
5c
5 %c
'2,500
Feb
7c
Jan
20c
22c
4,000
18c
Jan
23c
Jan
30c 33 %c
25,600
30c
Feb
44c
Feb
25c
27c
41,400
22c
3.35
300
59c
20,020
5%
100
5%
Madsen
Mines
Neehi
New
Cons
I
II._
Omnitrans
Pandora
Pato
Pickle
Pitt
Gold
Crow
Gold
---_
Mines
Ltd ~
80c
19,275
45
44
15c
Jan
25c
39c
Jan
Blue
Jan
22
Feb
2,100
1.20
1.35
8,700
25c
28c
800
11c
12c
3.30
Jan
1.07
Jan
25c
9,250
Feb
page
Feb
41
Jan
43
Feb
34C
Jan
54c
Feb
Jan
190%
Feb
8.75
100
8.00
Jan
9.50
Jan
85c
85c
500
78c
Jan
90c
649
186
19
19
75
17%
Jan
45c
54c
34,600
33 %c
Jan
1.07
1.05
25c
Feb
Feb
1.13
84,600
88c
Jan
26c
19,000
19c
Jan
28c
13
13
5
12
Jan
13%
Jan
_50
_
58
58
10
55%
Feb
59
Jan
22c
21c 23%c
386,850
14c
28c
Jan
32c
34c
3,500
32c
Jan
39c
9c
500
8c
Jan
9%c Feb
10%
10%
150
n
Bonetal
_
Class
a
B
10%
*
Feb
1.35
Feb
Boycon Pershing Gold Mines
Jan
Bralorne Mines, Ltd
•
18
15C
______•
12%
22%
11c
Jan
16c
1.13
Feb
55,900
80c
Feb
91c
Jan
47,500
6%c
Jan
9%c
Feb
1.60
1.80
48,350
95c
Jan
700
23c
Jan
38c
Jan
Brazilian Traction Light & Pwr com—*
&
Distillers
5
Brewis Red Lake Mines
48,900
35c
Jan
43c
Feb
British
American
Oil
Columbia
Forest
75c
Jan
95c
Columbia
Packers
100
16c
15,500
13%
1,997
Feb
10%
10%
18
Jan
11%
Jan
—
Feb
17c
Jan
13%
Feb
18
14c
Jan
Feb
Feb
Feb
British
18
15c
12%
Jan
Jan
90c
9%c
33 c
36c
33c
43c
'
1.92
Feb
Brand
&
Millen
_
25C
•
91c
700
11%
1,425
10%
Jan
11%
Feb
27c
27c
27c
1,000
24c
Jan
27%c
Jan
3c
3c
258
3c
Feb
4%c
Jan
lie
14,600
9 %c
Feb
13 %c
Feb
73c
Feb
90c
Jan
British
Feb
Broulan Porcupine Mines, Ltd
1
Jan
Bruck Silk Mills
74c
75c
9 %c
9%c
500
27c
27c
2,700
15%
300
16
129
16c
18c
10,500
3.20
3.35
1,300
9%c
26c
Feb
Jan
13 %c
33 %c
13%
Jan
16
13c
Jan
22c
2.67
Jan
3.55
_
4.50
2,400
2.35
3.75
900
1.12
1.20
2,400
15c
15c
3,600
1.80
1.86
600
4.25
3.65
1.02
12c
Jan
Feb
Jan
Jan
1.75
Jan
Feb
Buffadison
Feb
Buffalo
Canadian
Gold
•
Feb
Feb
Burns & Co class B_
2.05
Jan
•
-
_
30C
Feb
Jan
18,510
3%c
Jan
4%C
Feb
15
Jan
16
Feb
9
9
5
29
29
29 V2
450
27/e
3%
650
25C
19C
26c
136,500
42 %C
42 %c
45C
7,100
29
29
15
1.45
1.55
4.45
4.75
2,025
31c
35c
87,600
16
1.48
I
I
1
33c
41c
30%
•
_
—
Calder Bousquet Gold
Caldwell Linen common
800
1.93
Jan
2.65
12c
500
12c
Feb
12c
Feb
16c
4,600
13c
Jan
21c
Feb
5.35
5.50
1,600
Feb
5.50
Feb
Callinan
3.00
3.00
_
Calgary & Edmonton
Feb
Jan
4%c
_
*
16
105
33,800
9
Jan
Feb
Jan
Jan
Jan
2%
29%
3%
Feb
26c
Feb
15c
Jan
40c
Jan
45c
Jan
25
Feb
29%
Jan
1.55
Feb
Jan
1.25
4.75
Jan
4.20
Feb
Jan
20c
35c
Feb
Jan
39c
43c
40,800
20c
Jan
30%
32%
3,600
29%
Jan
32%
Feb
12
235
11%
Jan
12
Jan
14%
14%
92
28c
31c
39,700
12%
—
7%
28
50c
11%
_
2.46
3.00
20 %c
12%
15%
Jan
Jan
33c
Feb
Jan
12%
13% Jan
Jan
16c
400
—1
_
Mmes
•
3.70
15c
9,500
4c
•
Gold
1.20
Jan
Feb
24c 25 %C
4%c
•
Building Products
Burlington Steel
4.80
Jan
17
27
*
•
,
Mines—
2.35
4.90
A
Ankerite
Buffalo
24
Jan
2%
Jan
__
12c
5.35
class
Oil
Feb
Jan
Feb
16
25%
_
Dominion
3
22
50
925
_
British Columbia Power class A
Class B
_
Feb
2,589
16%
26%
•
10c
_
1,850
23%
26
*
B
2%
22
26
11
Class
2%
16%
2%
_
Brewers
91c
3.00
Feb
Feb
2nd
Flin
8,500
13c
Feb
17c
Feb
Campbell
57,600
14c
Jan1
21c
Feb
Canada
66c
66c
2,000
66c
Feb
70c
lie
2,500
10c
Jan
11c
Jan
28 %c 34 %c
87,000
24c
■t
16
200
2.15
2.40
22,915
——1
Flon
Red
Bread
13 %c
13 %c
15c
B
pfd
3.15
50
12%
Jan
Feb
10c
Feb
2.40
Feb
Jan
1.70
16
Jan
16
17%C
Feb
—
29C
38c
43,525
36,425
3.15
3.40
14,050
104%
105
25
21%
22%
835
19% Jan
31
33c
1
Lake
class
30
16
2.30
24c
31
145
30
Jan
7
7
20
7
Feb
A
Feb
60
62
45
60
Jan
62
Jan
38c
Jan
24c
Jan
2.30
3.50
Feb
Feb
31
Jan
23%
Jan
30
Jan
Feb
11c
30c
1
16c
21c
11c
-1
•
Calmont
13c
18c
6bc
_
■j
preferred
21c
30c
1.54
Canada
1.50
1.51
1,200
4.60
5.10
76,257
62c
1.50
Cement
Feb
1.60
Feb
Machinery
Canada Malting—
Feb
Canada Packers class A
2.10 Jan
5.35
100
lpc
Feb
11c
Jan
1,150
50c
Jan
65c
Feb
17c
16c
17c
5,300
14c
Jan
19c
Jan
72c
74c
Jan
78c
i7c
Jan
18c
3,805
2,000
3,100
70c
17c
16 c
Feb
18c
2.30
Jan
2.80
Jan
2.75
2.60
1,000
12c
11 %c
2.60
12c
2,000
12c
Feb
92,500
7c
Jan
11c 12 %c
Feb
2.60
19c
HIIlOO
60
*
IIHI50
Preferred
193
— mm
48%
38
38
20
38
17%
350
17
-
31
40
Jan
17%
wm*
•
Class B
Jan
Jan
Jan
17% Jan
198
Jan
195
29
16
17
613
14
Jan
17
Feb
48
48%
70
47
Jan
49%
Jan
87
Jan
193
188
Jan
Hi
Canada Wire class A
Feb
Class
Jan
Canadian
12 %c Feb
mmmrn
Canada Permanent Mortgage— —100
•
Canada Steamship common
Feb
22%
«
Canada
Feb
10
•
IIIH20
34 %c
63c
2.60
common
preferred
Jan
2.60
•
Bank
of
Canadian Breweries
Commerce-IIIII10
common
•
Feb
185
75
21%
22%
165
21% Jan
22%
22%
23
1,430
22
26
25%
26
2,734
25
75
*
B
-
79
■
Jan
25%
'
Jan
....
V
Jan
i&s:
Jan
26
•
974.
Jan
19Feb
55c
25c
80c
2.65
Upper Canada Mines
Villbona Gold Mines Ltd
Westville Mines
45%
a
6.10
34c
72c
Sullivan Cons Mines Ltd
Jan
8.75
8 % c
10
I
41
1
c
%
I
III
Jan
45c
Bowes Co class A
4.75
Gold Mines Ltd..
85c
9C
18%
—50
Ltd
188% 190%
Feb
Jan
Hi
preferred
720
22
6.10
62c
Mines
189%
Feb
65c
1
Bonville
__
_
70
175,100
Feb
32c
Ribbon
New
Mines
42
54c
7%
Jan
Jan
42
47c
23%
Feb
1
Bevcourt Gold
28c
50
see
75C
III HI a
A
Bldgood Kirkland Gold
Biltmore Hats common
Feb
16c
Ltd.
Soma-Duvernay Gold
Stadacona Mines 1944 Ltd.
footnotes
class
Feb
13c
I
75C
100
1
Mines
Jan
1.82
I
__I"I_
Ltd
Mines
Gold
Sons
Jan
Feb
5,000
3.65
Siscoe Gold Mines Ltd
For
Gold
80c
1.17
Mines
Standard
3.35
Berwick
25 %c
Ltd
Dredging Ltd,
Sherritt-Gordon
Sigma Mines
32c
60c
2,200
16c
Mines
Sheep Creek
6
14 %c
Jan
21
Jan
1
Feb
—
Quebec Yellowknife Gold Mines"
Regcourt Gold
II~I
Rochette Gold Mines Ltd_I__I~~~
Santiago
Feb
Jan
24c
4.35
Gold
Gold
Feb
&
Jan
7%c
89
309
42
Feb
39% Jan
7%
47 %C
Feb
Jan
27
40
23%
80
26c
■19c
Jan
Jan-
Jan
6
45%
Feb
Feb
Jan
23%
1
River
Bertram
Feb
Mines
Exploration
Cadillac
Cons
3.35
49c
Berens
76 %c
Ltd
Mines
58,000
Feb
5%
38
*
A
Buffalo Red Lake Mines
Mining Corp
Gold
11c 12 %c
12%
•37%
j
Bell Telephone of Canada
19%c
—
O'Brien
5c
37c
3.20
Gold
10
6
a
1,000
75c
I ~
38%
5.00
Jan
25% Jan
23%
3c
"I
Ltd
Mines
Mines
*
38
38%
12c
A
11
Dredging
Loudre
Normetal
580
Yellowknife
68,400
Ltd
Lake
39
Class B
77c
10 %c
Mines
Red
38
Feb
Jan
12c
875
35c
Jan
20 %c
3,566
27
Exploration <& Radium
21c
40c
Goldfields
Macdonald
6,600
17c
26%
1.62
II
Gold
Gold
Gold
26c
15 %c
a
77c
__
Lingside
23c
17c
26%
lo
class
19%c
Ltd
Mines
23c
1
Class B
Beaulieu
4.30
12
_io
*
35c
__
Louvicourt
Feb
1.50
Mines
Shore
40c
Feb
Feb
12c
I
Gold
i
British
!
Joliet-Quebec Mines Ltd
Lake
1.46
23,100
•
3.75
8
Mines
Rowan
5c
37c
Feb
28c
10
Power
12%
26,200
Jan
83c
II
Hudson-Rand Gold Mines Ltd
Fortune
13c
Jan
7c
__
Lake
51c
5c
25c
...
Mines
Lake
48c
1.20
Hollinger Consolidated
Lake
Bear
Beatty Bros class
33 %c
13c
Mines
Consol
Jan
500
51c
—
Jack
9c
3,500
21%
Ltd
J-M
Jan
8c
35c
3.75
II
Gold
Gold
8c
8c
21 %
Ltd
Formaque Gold Mines
Found Lake Gold
Heva
Bathurst
Jan
23c
77c
II
Mines
Mines
Feb
44c
Feb
Jan
'Feb
Jan
9%
38c
12,600
Bobjo Mines Ltd
Ltd
Goldvue
36c
Jan
18c
20c
Ltd
Golribeam
Jan
37c
1,000
57c
~
Mines
Lake
30c
12,500
20c
(1945)
God's
1,000
41c
3.35
Mines
Mines
Jan
34c
Feb
23c
Jan
28c
69c
Scotia
37c
Feb
__
Ltd
Gold
Novla
Feb
35c
of Montrealof
Jan
35c
Bank of Toronto
Base Metals
Jan
5 %c
^
Mines
Sol
Fontana
Feb
Jan
64c
Belleterre Quebec Mines
Ltd—.
Lake
Sullivan
Jan
6%c
Jan
--
Nickel
11 %c
3c
Cournor Mining
Mines
Jan
Jan
12c
Cortez Exploration
Red
10c
3,500
Ltd
Mines
Detta
Bank
1,000
5c
Cochenour Willians Gold Mines Ltd
Consolidated Cadillac Gold Mines..
Denison
Jan
3%c
1.03
31c
I
Feb
25c
Corp
Mines
Centremaque Gold Mines
Century Mining Corp Ltd
Dome
500
6,020
7c
30c
29 %c
Bagamac Mines
Bankfield Consolidated Mines
6c
Feb
21c
64c
%
19c
Jan
____HIl
Mines
Fabrics class A
19c
1,90
31c
Class B
5%c
Feb
Feb
_i
Gold
Bank
1.25
Jan
|
Jan
1.49
Jan
9
95
77 %c
""1
Aubelle Mines Ltd
2%
29c
13c
Feb
Jan
IOC
_
Mines
Jan
Jan
8%
91*
78c
1
Aumaque Gold Mines
Feb
10%c Feb
Jan
21 %c
*
Yellowknife
Aunor
1.30
Feb
1.05
3,500
11,250
10
_
.
Feb
24c
1.30
5,100
12c
"1
'
Astoria Quebec Mines
Feb
30c
Min
—
Cheskirk
3,500
12c
Ltd
Brazil Gold
Cartier-Malartic Gold
600
29 c
35c
—
Mines
Yellowknife
Bouzan
III"II
Ltd
Gold
1.35
28c
11 %c 11 %c
Jan
10c
9c
34c
Astoria Quebec Mines Ltd
Aubelle Mines Limited
Band-Ore
-_
Feb
9.25
8c
Mining Stocks
Akaitcho Yellowknife Gold
1.37
Jan
lie
1
12%
Feb
Jan
8.75
1
31
54
Feb
Jan
Feb
j,
Feb
Feb
18c
10 %c
"9
,
Jan
53
Feb
%c
100
1.90
40
Feb
61c
common
Ashdown Hardware
Atlas
1.51
<30
205
.
8C
Mining
Jan
31 %c Jan
27%
8.75
10
•
Athona Mines
Atlas Steel
1.20
202
1.35
Gold Mines
Armistice Gold
32
27%
203
100
Arjon
Jan
Feb
Jan
15c
26%
Warrants
Jan
34%
Jan
16c
IIIIIIII
Ashley
Jan
lie
a
7%
50
53
26c
9%
224
53
11%
126
Jan
16%
60
12%
Feb
24c
200
31
7%
"
6%
Feb
5,900
5,500
—
Area
Arntfield
Jan
,8c
17c
;
Apex Consolidated Resources—.
Aquarius
Jan
Jan
"Jan
1.45
Anglo-Huronian
Jan
Feb
40
1
_
32
6c
.
34%
Jan
18%
Jan
34
Ansley
19%
10
.22
1.32
29C
Anglo-Rouyn Mines
93
^1% Feb
Jan
1.35
Feb
Jan
High
Jan
18%
34%
Ltd common.
150
7
8C
Low
18%
*
Aluminum of Can prof
Amalgamated Larder Mlnea.
American Yellowknife
Anglo Canadian Oil
7
30%
Range Since January 1
6,405
5,273
II
103
104
Shares
High
__
;
30%
24c
Manufacturing Co
P
7
26
Feb
Feb
21%
Algei Gold Mines
Algoma Steel common
103
I—I*"
I_100
class A
A
29%
--
7c
19%
1
103
104
Jan
Jan
20%
II
30%
13%
5o
14%
Low
Agnew Surpass
Akaitcho
Feb
13
Jan
3.30 Feb
20%
L'Z.
Jan
—
Woods
11%
Gas
14%
I#
United Amusement
Feb
Acme
41 %
__
75c
2.94 Jan
*
,
-
Jan
19%
Feb
Feb
60c
on
preferred
$2.50 preferred—
Acadia-Atlantlo -Sugar
Jan
*
United Securities, Limited
Western Grain Co Ltd
$1.50
14
-_
Feb
9c
(Sales
Range
of Prices
Par
40
_ioo
Ltd
Week's
Sale Price
Abitibl Power * Paper new
170
:
Union Gas Co
189,600
1,005
Last
896
*
Ltd
19%
Friday
41%
I.I*
Bridge Company Ltd
Southern Can Pow 6% pfd
19
STOCKS—
14%
»
Sarnia
19
Feb
pOc
OamrtUa run
14%
red pfd__10o
—.
III*
7c
3.30
23c
Jan
6%c Feb
Toronto Stock
14%
pfdl20
1st
cum
Feb
12%
104
_*
100
5%c
•
41
.
I
4%
11%
104
»
Quebec Pulp & Paper 7%
Thrift
41
15%
19
12%
13
common
Service Stores
Rand
—
100
Crush
Mfg
63c
3.30
6%c
60c
Jan
9
0
.Preferred
Orange
Feb
63%
<■
common
53
24
11%
10
„
&
Royal Hotel
Jan
575
--
_*
com_
48%
480
30
•
•
Feb
255
12
IIH*
MacLaren Power & Paper Co___
Maple Leaf Milling Co Ltd com
Feb
22%
75
—
Ltd_*
i
4%
Jan
32
*
Journal
Jan
20
19
<■
Feb
35c
1
Jan
74
*
common
.4%
3,060
61
30
—
Minnesota
1,555
'
Iht
Inv
Jan
74
*
19c
200
9c
1,000
2,500
Home Oil -Co Ltd
Jan
53
'
III 10
Insurance Co
Hydro-Electric Sec Corp
3%
30
"I*
2,000
50c
9c
9c
1
Homestead Oil & Gas Ltd
Royalite Oil Company Limited
High
23c
50c
*
II
Jan
2%
preferred
"
Low
23c
"*
East Crest Oil Co-Ltd—
Jan
55%
A
Dalhousie Oil Company Ltd—
Feb
30
2%
Great Lakes Paper Co Ltd
*
_
Gaspe Oil & Gas Co Ltd
Jan
20
Feb
235
53
British Dom Oils & Dev
Corp.
Range Since January 1
High
Jan
Jan
11%
51
4%
23
11
22
18% ;Feb
1.25 Feb
17
'I
20
23
52
Jan
20
14%
23
•
Feb
9
3,577
14%
18%
1
19%
Shares
Low
Jan
58 %
Ford Motor Co of Canada class A
Fraser Companies 1
Jan
Sales
for Week
OU Stocks
Feb
18%
4%
Jan
Feb
Jan
40%
1
Aircraft
Feb
4%
35c
17%
Range
of Prices
:Var
Feb
48
Fanny Farmer Candy Shops Inc
&
Jan
1.25
3%
41% Jan
37% Jan
13% Jan
40%
5
Mfg
Jan
8%' Jan
100
40%
•
Jan
Jan
Jan
17%
55
47
47
.40%
14%
100
Ltd
4
75
1.25
Jan
35c
20
18%
Jan
17
7,708
18%
1.25
'
__
19%
18%
Dominion
Engineering Works Ltd
•
Domin Oilcloth & Linoleum Co.
Ltd—*
Dominion Woollens • & Worsteds
—«
19
8%
«.
IIIIIIIH
David & Frere Limitee B
3%
Week's
Last
Sale. Price
STOCKS—
High
3%
I™ •
2I50
Preferred
Fairchild
Low
15 %
com
Commercial Alcohols Ltd.
Consolidated Div Sec A
U
Friday
Range Since January 1
High
15
pfd
MARKETS
ENDING FEBRUARY
for Week
of Prices
Par
Canadian Western Lumber Co
Catelli Food Products 5%
WEEK
Sales
Last
Sale Price
STOCKS—
FOR
Jan
THE COMMERCIAL &
972
Monday, February 17, 1947
FINANCIAL CHRONICLE
CANADIAN LISTED MARKETS
RANGE
Friday
STOCKS—
Shares
Low
Canners
•
common
preieued
Canadian
Car
Celanese
Canadian
Dredge
25%
2,130
24
Jan
26
Jan
15
370
13
Jan
15
Feb
820
18 'A
Jan
19'A
Feb
19 ',
4
28
Ous
Canadian
Feb
62
67
590
59
Jan
67
42
5
41
Jan
43
28
290
22
Jan
28
Canadian
preferred
Canadian Wallpaper class A
Castle Trethewey
Chateau-Gai
2,380
14'A
Jan
16%
33'A
Jan
37%
Jan
72c
Jan
87c
Feb
17'A
Jan
18 'A
Jan
33'A
80C
85c
15,500
18
17%
18
425
105%
15%
35'A'
105%
106
20
14%
15%
11,571
Feb
106
Feb
15%
Jan
13
Feb
29
29
50
28
Jan
29
Feb
104
105
60
104
Jan
105
22
22
5
20
Feb
22
Feb
30
30
33
2,173
24
Jan
34'A
Feb
74
72 %
75%
1,439
63
Jan
78'A
Feb
12
12
50
10
Jan
12
54
Paper common
Preferred
Saddlery
West
Great
26
240
Jan
26
2.95
3.00
1,000
2.20
Jan
3.00
Feb
1.34
1.30
1.36
1,800
1.26
Jan
1.40
Jan
2.20
Jan
25%
1.96
Jan
2.03
2.03
2.10
4,800
25c
23c
25c
13,000
20c
Jan
26c
Jan
23c
9%
20c
23c
8,000
16c
Jan
23c
Feb
9'A
10
80
8
Jan
11%
Jan
68c
70c
7,000
53c
Jan
79'Ac
25c
25c
28c
113,900
20c
Jan
33c
Jan
Chesierville Larder Lake Gold Mines—1
4.00
3.90
4.10
627
Chimo Gold Mines
1
52c
50c
53c
18,600
Chromium
*
93c
93c
1,460
70c
Feb
93c
Feb
1
11c
13c
20,000
11c
Jan
14'Ac
15c
16c
4,700
13c
Feb
16c
Feb
Feb
3.25
3.80
4.30
Jan
61c
Jan
50c
Jan
Jan
Gold
1
3.45
6,225
2.90
Jan
3.45
Feb
Cochrane Dunlop class A
*
15
15
100
15
Feb
15'A
Feb
25
25
25
40
25
Feb
25
Feb
14 "A
15
395
12'A
Feb
15
Feb
15
•
Co
Plow
1
Ye'lnwknife
Mines
46c
46c
50c
6,700
43c
Jan
51c
Feb
1
Lake
26'Ac
26c
28c
10,000
26c
Jan
35c
Jan
40c
40c
1,200
38c
Feb
40c
Feb
*
Petroleum
Commonwealth
Consolidated
1.56
Jan
20'/a
Feb
17,150
1.39
61c
21,000
5uc
Jan
61c
Feb
87'A
89
3,700
84
Jan
89%
Feb
170
171
220
170
Feb
24,430
82c
1.00
Cadillac
58c
57c
87'A
Mines
Si Smelting
Consumers Gas (Toronto)
^wnsoiuiateu
0
tuning
100
41
Cournor
1
1.32
92c
Jan
1.58
Feb
19'A
60
16'A
Jan
19%
Feb
29
2 9'A
205
27'A
Jan
30'A
Jan
37c
1,000
29c
Jan
38c
Jan
42c
Feb
55c
42c
48c
10,975
1.25
1.20
1.30
7,800
43
43
35
1.04
1.25
80,552
95c
95C
50
100
Gold
Patricia
42c
1
Croinor Pershing Mines
Crow's Nest Coal
1
1.22
*
Cub Aircraft
Harding
1.18
43
1.00
95c
1.50
Feb
Jan
Feb
43
Feb
1
Davis
class
Oenison
Jan
1.25
Feb
Feb
1.25
30%
30'A
30%
2.30
2.09
2.45
20'Ac
17c
150
Jan
31
Jan
1.75
10,150
2.45
Jan
Feb
215,400
9c
Jan
26c
Feb
80c
74c
80c
114,000
55c
Jan
85c
Feb
1.59
1.51
1.67
32,250
77c
94c
40,200
19c
21c
•
17 V2
17'A
17%
1
1.32
1.25
1.32
1.30
70c
2,460
nivorsIUeri
35,750
Mining
Ltd
Mines
Feb
89c
i
Red Lake
Dominion
Jan
15c
1
;
Mines
Discovery ieilowknife
Distillers Seagrams common
Dome
28c
Jan
30'A
18,500
Feb
8c
3,000
94c
Jan
19'A
Jan
1.12
1.34
Jan
21%
10
21
22
3,335
18%
Jan
22
28'A
♦
Bank
16
1.70
Jan
Dairies
28%
100
28'A
Jan
29%
41
common
Preferred
Dominion
35
E ectrohoine
Dominion
9
Steel
Dominion
29'A
100
31%
29%
5
5'A
31%
605
«
9
9
Feb
Jan
Jan
Feb
Jan
42%
43''2
10%
Feb
32
Jan
Jan
5%
Jan
Jan
33%
Jan
8
Jan
5'A
100
42%
9%
Jan
Jan
45
Feb
B
25
;
16'A
16'A
18
2,815
13 'A
Jan
18
Feb
•
class
26
26
26 'A
755
25%
Feb
27
Jan
41
common
Ltd
Feb
1.62
Jan
Jan
"
1.58
1.25
1.20
1.31
24,181
1.20
Feb
18c
18c
20c
25,050
16'Ac
Feb
24c
Jan
1
45c
44c
48c
15,300
44c
Feb
57c
Jan
20
10
•
El Sol
Gold
English
Mines
class
Gold
Famous
Nickel
Grain
Federal
23%
Jan
2 3'A
11 %
1,405
10%
Jan
11'A
Jan
3.50
8,105
2.75
Jan
3.50
Feb
12 %c
14c
16,900
Jan
14c
Jan
105,900
19,400
48c
Jan
55c
Jan
45c
16,100
36c
Jan
47c
Feb
44
45'A
675
40
Jan
45%
Feb
10c 11'Ac
15,000
9'Ac
Jan
11
140
HI
111
20
29
29
29'A
625
15
14%
International
Uranium
14,180
12%
Jan
15
Feb
340
13'A
Jan
15'A
Feb
8'A
10
8 %
Feb
8lA
Feb
15
15
50
11,200
30
104
104
10
Jan
104%
36'A
36
3 7'A
2,687
34%
Jan
3 7'A
Jan
16%
16
16%
8,568
14%
Jan
16'A
Feb
Jan
Mines
55c
Feb
Jason
8c
8'Ac
3,252
7c
Jan
9c
Jan
95c
Jan
Jellicoe
Jollet
Co
74c
76c
23,029
70c
Feb
20c
22c
96,200
13'Ac
25
25
25'A
135
38c
Kelvinator
Kelwren
Kenville Gold
35c
44c
21,350
38c
600
13'A
3,520
38c
Mines
Gold
Kerr-Addison
Kirkland
40c
Lake
45c
57,340
1.53
1.63
15,950
17'Ac
18c
2,000
Golden Gate
Kirkland
13
13
Mines
1.53
Townsite
—
Lake
Fortune
Feb
Laura
Feb
Lebel
3,000
11c
29,200
26c
27c
16,300
24c
Jan
1,685
13%
Jan
16
15 'A
1.10
1.16
7,150
4.00
300
5.70
6.25
976
21
15
2.59
2.55
4.75
1.36
90c
23c
Feb
35c
Jan
23%
Feb
25%
Jan
2.55
Feb
2.75
Feb
Loblaw
5.10
5.35
2,615
4.20
Jan
18 'A
745
17'A
Feb
53
55%
58%
1,735
52%
Jan
8%
8'A
9
1,126
8%
Jan
130
127
134
575
7C
7c
11c
26,300
7%
7%
119
7c
Jan
Feb
5.50 Feb
18%
67
9%
130
11c
Lynx
7
20
Jan
7%
Jan
MacDonald
991/4
9
2.95
Lake
Jan
Macfie Red
Feb
MacT.pod-CocKshutt Gold Mines—
99'A
2.95'
101/
100
18
109'A:
47/~
4%
191/,
19 %
177Z
1.7%
Jan.
Lake
Jan
17c
Jan
20
Jan
21
Jan
Feb
345
3%c
4'Ac
8,288
3c
Jan
4'Ac
1.30
1.35
6,450
1.30
Jan
1.40
28c
31c
8,500
12%
Feb
22%
Feb
26
Jan
Feb
Marcus Gold.
Feb
2.90
Jan
100
3.25
18'A
17
Jan
20
109%
Feb
1,285
4%
Jan
19'A
18
inr,
106
106
6 15
6.10
6.40
1
17c
15c
17c
7,,_
1 71
ifz
875
110
5'/a
19
110%
Feb
Massay-Harris
McColl
30
20
Jan
18%
Feb
Mclntyre
3,000
Jan
Jan
107
Jan
6.50 Jan
20c
34c
23,100
30c
Feb
39c
Jan
25c
25c
5,200
21c
Jan
29c
Jan
3.40
3.55
7,930
4.25
4.50
3,345
33c
39c
252.200
Red
9c
258,000
4c
Jan
779,131
57c
Jan
11,400
18c
Jan
8,300
21c
Feb
27c
Jan
Mid-Continent
15,500
13c
Jan
23c
Jan
Milton
21c 23'Ac
17%c 19'Ac
9c
Feb
McMarmac
1:92
Feb
McWatters
Jah
Mercury
22c
51c
58c
Jan
17%
Jan
3.60
3.75
6.900
45c
52c
32,646
2,15
2.40
10,200
1.98
Jan
2.45
4C
5'Ac
41,900
3c
Jan
5'Ac
Feb
Jan
14%
Jan
98,425
51c
1
37c
38.'Ac
41c
28,700
37c
2.85
3.00
4r300
1
286
___i
{Z
4uc
15c
37c
17c
41c
12,500
101,300
2.80
Feb
50c
Jan
Modern
Feb;
3.30
Jhn
13c
Jan
35c
Jan
18Vic Jan
42c
Jan
;
Tool
Feb
Jan
Jan
4,000
9c
Jari
15c
20%
5,460
18%
Jan
20%
29%
30%
1,005
28%
Jan
30%
Feb
Feb
10%
50
10%
Jan
11
Jan
26
27'A
2,652
23%
Jan
104
10
102%
Jan
10c
13,400
59
L120
9c
58%
.
27,200
Feb
54
Jan
59'A
Feb
80c
Jan
94c
Jan
91c
500
3c
Feb
3 'Ac
Feb
48c
56c
28,885
51c
Jan
62c
Jan
18c
19c
18'A
5,700
-60
lO'Ac
lie
68,200
2%
100
9.35
9.35
10
2,525
21c
20 %C
22c
3,500
14%
15%
—
"
Feb
Jan
10c
3'AC
18%
common
104
6%c Jan
85c
9c
18'A
27%
..
3'Ac
2%
Monarch Knitting common
Feb
19%
30%
—
Works
Feb
Jan
6C
85c
14C
18c
Class A
Modern
Jan
8c
1,625
12,350
—
i
Oil & Gas
Jan
Jan
1.15
8c
51c
Gold..
—
Container
52c
1.12
85c
Model Oils
Jan
14
3.95
Jan
Jan
6c
-
Lake
3.30
40c
19
1.02
59
Brick
Jan
325
14%
14%
—
Mills
74c
Feb
Feb
1.85
50
104
Mining Corp
56c
2.25
9,780
'
22C
Jan
2.25
3'Ac
1.80
4.85
39c
10'A
McLellan
5c
Jan
Jan
Jan
18'A
Jan
21c
4.20
20 c
3.60
Jan
2.01
10c
Red Lake
McKenzie
3.10
18%
26%
Porcupine Mines
1.55
.
Feb
30c
20%
McDougall Segur —J—
Jan
Feb
Jan
12,800
'
Jan
5.85
2.61
3.45
—
Oil common
17%
15c
3.60
290
3.10
—
A
Frontenac
19%
105
31%
Jan
30'A
Preferred '
375
10
Jan
Jan
32%
32
13c
common.
100
4,082'
Feb
Feb
33%
210
6c
.20
class
McCabe
Ja n
1.25
2.40
Jan
9,050
1.02
Martin-McNeely Mines
Feb
Jan
Jan
49,100
33
-
Jan
5% Jan
Jan
Jan
1.08
1.21
2.35
14%
Maple Leaf Milling common
Maralgo
38c
99%
33c
1.85
1.16
2.15
31
Feb
2.15
Consolidated Gold
Magnet
Feb
20
28c
45c
Jan
1
974,
Jan
50c
Feb
3.65
Mines—
Jan
8,650
1
\
page
13c
Jan
4%C
Gold
24
3.05
1
see
Jan
10c
2.01
(H R)
Red
Madsen
29c
19%
-
99'A
~~joo
1
For footnotes
8c
35c
18'A
Preferred
1
3,500
29,500
21
38C
14,700
100
Goldvue Mines
Feb
4.25
Mines
10
11%
Jan
21
20%
--
Macassa
2,820
12
Jan
6.50
Feb
Jan
3.50
Jan
Feb
Jan
4.50
Feb
5.70
19%
Jan
Feb
1.25
31c
Yellowknife Gold
24
,
3.90
33c
16
Feb
18.800
45c
Jan
37c
Mines.
1.10
3.20
Gold Mines.^
22'A
ManItou
Jan
33
A
Louvicourt Goldfields
MacMillan
x/
ciass
24
Golden
Jan
15c
31
Groceterias
22
.Goldora
86c
Jan
1.19
Class B
30c
—;
Feb
8c
2.25
Mines
Gold Mines Ltd_
22
Golden Arrow Mines
Feb
67c
28c
Mines, Ltd
Gold
Jan
Feb
52c
1.35
Candy
30"c
4
6.20
Jan
12c
9c 10 %c
40c
10%c
Feb
Gold hawk
26
Feb
Feb
Jan
4c
Secord
Lake Gold
17'A
.Gold. Eagle Mines.
Jan
5.50
20%
Oro
Little Long Lac
5.15
1
24%
77c
11c
Lineman
Jan
Jan
igi/4
«
19c
10c
40c
Mines
"U"
Larder
Jan
16,879
God's Lake Mines. Ltd-
Jan
67c
9c
Lapa Cadilac
Feb
2.70
Goldcrest
1.69
Jan
1.33
16c
37c
Lang & Sons
2.45
1.06
285
Goldale Mine
355
21
50
_
Jan
2,505
4.00
Jan
Gold
Jan
46c
116,882
6.25
37
•♦jBrora
Jan
14
26
Mines
Luz
15
_
42c
Feb'
Jan
34c
52c
1.13
Lake Wasa
50
Mines
Jan
12%
38c
6.00
15%
50
Gold
Jan
40c
27c
Rowan
Shore
100
Lake-Porcupine Gold-.
55c
5.85
Lake
Lake
Malartic Gold Fields
Yellowknife
Feb
67c
Manitoba & Eastern
Preferred
Jan
35c
10c
Jan
Giant
26'A
25%
Lake Dufault Mines Ltd
10c
67c
Jan
24c
Jan
Jan
93,900
Feb
Jan
26
49c
21
102,675
86c
Jan
25
5.95
Labatt (John)
Labrador Mining & Exploration.
Laguerre Gold Mines
Feb
Gillies
4'Ac
Feb
20c
Jan
305
1.36
11,300
Products Mfg class A—_IIIII»
General Steel Wares common
*
3'Ac
75c
Quebec
Kayrand
20%
20%
Jan
Jan
20'A
27c
General
103
42c
Mining
Gold
24 %
•
Jan
7,534
Leitch
22
•
31
47,304
5
common
Jan
52c
4
Power
Feb
29'A
4'Ac
Lexlndln
75c
Feb
38'A
46c
Jan
preferred
85c
Feb
3'Ac
Jan
5%
Jan
37
4c
4
General Bakeries
Jan
Feb
73c
49c
2
v
11
10'A
Mines
Jacola
100
Gatineau
Jan
15c
310
1
24c
90c
7,334
Exploration
Jan
Jan
5
Probisher
Feb
20c
Jan
3
preferred
15
8c
12'A
(A J)
Jan
48c
3
Freiman
14
11,400
Jan
24c
*
Jan
15,200
Jan
22
""<■
"«
30
12'Ac
4'A
A
Feb
Feb
29
73c
47/
class
114
13c
12
1.20
Jan
Jan
Jan
69c
•
Gold
13c
12 %
Feb
11
107%
12c
*
Canada
Jan
70c
Fleet Mfg & Aircraft
Fleury Bissell common
of
5c
15
15
10
Jan
20'A
Feb
7c
50c
15'A
Petroleum
12%
Francoeur
7c
5c
15
A
class
preferred
Jan
_io
Foundation Co
10c
42c
255
«
Ford
21
48c
30 'A
3.30
1
Preferred
905
30
Metals
Fittings class A
-
Feb
23
3.25
10
10'A
100
Fibre Products preferred
Feb
150
4'A%
Jan
*
Kirkland
Jan
12c
5,100
International
Jan
Ii
common
Preferred
18c
Jan
8%
International Nickel Co common
5c
•
Fanny Farmer Candy Shops
Federal
Jan
8c
37
International
1.99
•
Players
Jan
14c
85c
435
22
Feb
70c
15,000
19,550
10'A
Lundward
Falconbridge
96c
70,350
37
63,450
]
Jan
Feb
Jan
12c
80c
11
24c
1
1.40
14c 14 %c
9'Ac
10'A
4.10
41
A
94c
Feb
1.11
4
3.75
I_i
Mines
Electric
Eureka
j
83'Ac
1.04
£
10%
750
1
Gold
10,600
11
H
Mines
1.21
10'Ac
3.85
Steel
Eldona
1.11
10'A
Lapaska
Elder
10c
Jan
1
1
Eddy Paper
35c
Jan
29c
Mining & Devel
International Bronze preferred
1
1
Feb
13%c
Jan
7,600
8,500
Inspiration
Donalda
Mines
1.49
Jan
17,511
12c
(John)
Inglis
La
Eastern
Jan
1.49
100
common
Lamaque
Sullivan
Feb
10c
23'Ac
Feb
East
Jan
21'Ac
1.30
21c
Jan
8,050
17c
Jan
10c
7,500
12,366
22c
15
58,000
Feb
Jan
17c
16c
21c
Lake
Indian
27
10c
11%
14'Ac
15c
A
Varnish
Imperial
26%
2.45
Jan
44
Preferred
Jan
2.20
65c
42c
Imperial Tobacco of Canada ordlnary-9
Jan
8'Ac
Jan
48c
Bank
Oil
Imperial
Imperial
Jan
2.25
Jan
50c
12'Ac
Mines
Huron & Erie
13%
8'Ac
655
18
11%
Malartic
Hunt's
25%
•
11%
Feb
17'Ac
23
Bay Mining & Smelting
26
~_i
10%
17%
3.35
Mines
Gold
Howey
Hudson
160
East Malartic Mines
10,100
8
Jan
6c
Gold
125
East Amphi Mines
East Crest
61c
11c
Homestead
250
Duquesne Mining Co
Duvay Gold Mines
57c
85c
Oil—
Oil
Homer
Yellowknife
27
1.36
25
Holhnger Consolidated Goid Mines
14%
72,400
17%
14c
Mining
Home
26%
1.58
Feb
570
1.12
—
Hinde & Dauche
14'A
1.42
Feb
9'A
9 %
5.00
32c 34 %c
Gold
Hiehrldge
2 6'A
1.45
Feb
5.50
Jan
200
10c
Highwood-Sarcee
26'A
Mines
4'Ac
Jan
20,100
5.35
1.38
Mascot
Hedley
*
27
Jan
7,300
4'Ac
Gold
41
C
Feb
4c
8c
4c
11
Mines
Headway
Dominion Woolens
V T
7'Ac
Jan
Jan
Jan
30
225
50
preferred
Stores
Dominion Tar
31 %
Jan
10c
5'A
Jan
Feb
9
140
5'A
*
Dominion Magnesium
Dominion Scottish Inv
Dominion
29'A
41
Foundry
9 '/a
16'A
i5c
Hasaga
Kirkland
Dominion
Jan
845
17'Ac
Mines
Gold Mines
Feb
1
Nickel
Red Lake
Dickenson
15c
1
Delnite Mints
Detta
20c
12'Ac
•
A
17c
14 '/a c
1
Leather
17c
•
Davies Petroleum
15'A
16
5.10
60c
Mines
Jacknife
D'Aragon Mines
57c
17%
Carpet
Gold
Harker
Jan
1
Creotuurauni
Crowshore
29'/a
1.22
35c
1.28
•
Cosmos
Jan
19,850
9
Goid
Harricana
Hugh
42c
53c
15%
Bridge
Rock
Hosco
Feb
7'Ac
Hamilton Cotton
Heva
Feb
5
4c
Hamilton
Heath
54
5.35
Halcrow Swayze
Halliwell
Hard
15
40
Jan
175
19'A
•
Exploration
Corrugated Box common
—
Hallnor
Feb
54
5'A
50c
51c
Gypsum Lime & Alabastine.
Feb
54
5'A
—
4
Gunnar Gold
Jan
465
81c
1.35
3,916
20'/a
1
Central
Jan
Jan
Jan
1.54
19%
Consolidated Beattie
50
Feb
15'A
1.48
*
Bakeries
Consolidated
1.99
Jan
63c
—•
Coniarum
1.80
200
1.99
1.99
5
Coniagas
"
common
Feb
26
3.00
1
Conwest
Feb
•
•
Jan
1
Preferred
Jan
Feb
Great Lakes
Jan
880
Research
CocAaiiutt
Jan
21'A
15'A
3.30
11%
25'A
15
15'A
33'/a
Mines
Wiilans
Jan
Jan
Greening Wire
Chemical
Cochenour
11'A
Jan
Preferred
*
605
24'A
Jan
Cheskirk
Oils
11%
20%
Jan
11'Ac
11%
50
20
Jan
Jitaiam
11%
•
30
15%
*
Wines
A
Feb
Jan
25
Jan
1
Porcupine
Centremaaue
55'A
113
21%
Jan
1
Patricia
Central
Feb
25
19
1
Mines
Gold
central
Feb
54
21%
14%
1
105
85
21%
75
0
Box
15
54 %
41
80
1
Wireoound
Car.boo
106
54
*
20
104
105
class A
15
100
*
Utilities
Oolomac
class
20
"
Tire
Canadian
106
Feb
20
Ky
Pacuic
High
11c
Jan
B
Class
Jan
25
*
100
corn
preferred
Canadian
Coin
M-Kay
14%
Alcohol com A—•
Canadian Locomotive
*
Canadian Malartic
*
Coastal
Gordon
Low
4'Ac
11c
7'Ac
50
Preferred
Grafton
42
66
Industrial
Canadian
24 'A
Range Since January 1
High
41
Goodyear common
•
common
A
Canadian
New
Jan
40
.
Low
9'Ac
Goodfish
29'A
Feb
Jan
•
products
Jbuuu
L«uiauiMn
Class
27
Shares
1
26
Jan
28
27
18%
•
100
*
common
Preferred
Canadian
24 %
•
*
Fdry common
&
Class A
24
325
25
24'A
for Week
of Prices
Par
High
Low
High
Range
Sale Price
STOCKS—
Range Since January 1
14 'A
23
20
*
1st preferred
Com
24%
Sales
Week's
Last
for Week
Par
14
FEBRUARY
ENDING
Friday
Range
of Prices
'
Canadian
WEEK
Sales
Week's
Last
Sale Price
•
FOR
6c
20c
Feb
Jan
19
Jan
Feb.
11c
Feb
Jan
2% Jan
9.00
Jan
.
,
3%
22c
Jan
185
13
Jan
15%
210
20
Jan
21%
21%
21%
21%
8'A
8%
8%
250
100
*17%
17'A
220
Jan
10.50 Jan
18c
100
*
17
15c
18
Feb
Feb
Feb
'
7%
17
Jan
9
Feb
Feb
18
Jan
Number
.Volume 165
-a
THE COMMERCIAL & FINANCIAL CHRONICLE
4569
mtmm
■
CAftADlAN LISTED MARKETS
RANGE
rOR
WEEK
ENDING
FEBRUARY
14
Friday
Last
STOCKS—
Low
Par
Moneta
Montreal
65c
__
Moore Corp common
1
5,200
55C
Jan
72c
Feb
20%
2,906
19
Feb
20%
Feb
21%
22
1,720
20
Jan
22%
Feb
73%
210
69%
Jan
73%
Long
Lac
21c
23c
2,000
Mviamaque Mines
1
_
National Breweries
21c
35c
«
common
—
32c
35c
14,800
46%
46%
75
21c
Jan
25c
Jan
29c
Jan
37c
Jan
46%
Jan
47%
Jan
Silverwood class
A
_
'
Simpson's class
of Prices
12
8
—
Class B
29%
__
,
Preferred
"~~Tnrt
Siscoe Gold Mines __ZZ
"""— V
Bladen Malartio MineaZZZZZZ""""
Preferred
:
•
Petroleum
National Steel
National
12 %
Bidlamaque
Calumet
New
Marlon
Jan
Southam Co
19 Ve
Jan
Springer sturgeon ZZZZZZZZZ
Bcadacona Mines
Z~ '
Standard Chemical common
29%
70
12%
12%
197
Jan
29% Jan
11%
Jan
13
Jan
Feb
12c
Jan
31
260
29
Feb
32
2,850
23
Jan
26%
Feb
20c
8,500
27
55
2.10
2.17
5,100
8%c
8c
9c
33,300
1.15
Mines
1.15
1.25
2,440
Jan
20
1.99
27
Feb
2.25
8c
12 %c
Jan
1.15
Feb
1.45
Feb
Jan
Jan
Nib
Gold
60C
Mines
Feb
55c
65c
245,905
37C
Jan
65C
8%c
5,000
8c
Jan
9%c Jan
Yellowknife
1
15C
14c
16c
8,500
14c
Feb
17c
Jan
•
Nicholson
13c
Jan
2.00
2.02
306
1.90
Jan
50%
52%
5,077
46 %
Feb
54
Jan
1
70c
67c
73c
36,900
63C
Jan
83c
Jan
1
18c
18c
18c
500
12C
Jan
18c
Feb
10c
8
Norbenite
•
_
Malartic
Nordon Oil
Mines
_
10c
IIV2C
10,200
2.02
Jan
ZZZZZZZ*
Paving
Z
common.
Preferred
Standard Radio class
•'
#
A_
1
7%c
7,000
1.81
1.89
14,210
6%c
1.70
9c
Feb
15 %c
Jan
12c
Jan
Jan
106
Steel Co of
i
Star
Taku
Tamblyn (G)
27c
269
28c
20,700
24c
Jan
34c
Jan
Taylor
8c
9c
8,500
7c
Jan
10c
Jan
Teck-Hughes
74c
75c
2,300
65c
Jan
75c
5%
5%
6
850
46c
45c
56c
133,400
6%
Feb
76c
Jan
Feb
Gold
Mines
Ogama-Rockland
Okalta
*
O'Leary
Omega Gold
Mines
1.70
52,265
50c
65c
19,700
19c
18c
19c
3,000
14c
17c
10,300
12c
12c
13c
1,500
2%
2%
25
19 %
20
75
19
1
19%
65
21%
23
5,744
*
common
*
Preferred
_
_
Ontario
Steel
Orange
Crush
Grenada
1.62
r>
common
_
._
_
*
common
Onld
15,335
14c
___
Omnitrans Exploration
Beauty Supply
2.55
55c
•
2.35
1.62
_
Oils
Ontario
2.35
1
Mine*
22
1
17c
1
60c
1
1.84
1.85
1.30
2.67
Jan
1.70
Jan
65c
Jan
44C
21c
Jan
15c
13 %c
Jan
9c
2%
14c
Feb
19%
20c
.
Jan
Feb
19
17,000
97c
Jan
5,004
70c
Jan
9%
1,475
7%
7%
7%
645
6%
Ja n
22%
22%
255
19%
Jan
23
16 %c 18 %c
9,000
14c
Osisko
—
_
58c
62c
15,900
58c
Jan
Lake
Osulake
Mines
1
—
1.77
2.00
97,630
55c
60c
9,000
1.50
Jan
Jan
55c
•
Pacilic Eastern
8%c
8c
9c
14,500
6c
Jan
_
Paramaque
Mine*
Traders
Finance
67c
Feb
Union
Jan
Union
Jan
Feb
65c
Feb
3,500
50c
Jan
5,902
84c
Jan
1.20
Feb
31
Jan
33%
Jan
class
•
1.55
1.55
1.58
2,129
Jan
1.70
15 %c
15c
16c
13,000
20c
22c
4,300
17c
Jan
10c
11c
14,000
10c
Jan
12c
Feb
Jan
Jan
*
Ventures, Ltd
•
Vicour Mines
Villbona
i
ZZZZZZ
LtdZZZZ"
Jan
56c
Jan
Jan
29c
Jan
West Malartic
4%C
1
4%c
1.14
37,533
10c
Jan
17c
Feb
3,943
2.82
Jan
3.25
Jan
4.05
3.90
4.25
6,683
3.45
Jan
4.25
Feb
Westeel Products
Western Grocers new
32c
6,800
27c
Jan
38c
Jan
40c
7,8.90
35%C
Feb
41c
Jan
Wilt.sey-Coghlan
38
1,930
33%
Jan
38
Feb
Winchester
1.41
1.40
1.64
9,900
83c
Jan
1.60
5,500
1.30
1.30
13
14
34
1.25
1.20
1.35
5,650
1
12
11%
12 %
1
1.76
1.75
1.85
14
14
700
14c
15c
1,000
trust certificates
*
Corp
1
,
___
Dome
*
Mines
—
_
1
common
10
_
Preferred
40
Feb
1.60
15
Feb
Feb
Feb
1.40
Jan
655
9%
Jan
12%
Feb
10,310
1.65
Jan
1.92
Jan
12%
Feb
14%
Jan
13c
Feb
20c
1
Gold
Quebec Manltou
1
Queenston Gold Mines
1
Quemont Mining
*
Macdonald
Reeves
Regcourt
Renabie
1
Renfrew
14
918
54%
54%
80
1.00
98c
13
Jan
14
Feb
54%
Jan
55
Jan
900
85c
Jan
1.15
Reno
4.800
95c
Jan
1.20
92c
92c
1.00
7,581
90c
Jan
1.14
Jan
Jan
47c
45c
47c
9,200
45c
Jan
60c
Jan
58c
65c
50,200
43c
Jan
65c
Feb
19
19
19
100
18
Jan
19
1.20
_
19%
4,269
18
Feb
21%
1
Riverside
Silk class
Robertson
*
A
1.45
1,300
63c
70c
129,700
2.50
2.75
300
9%
9%
50
1.45
69c
1.30
55c
Jan
Jan
2.20
9%
Jan
Feb
Roche Long
V
_
1
Lac_
9%c
3,000
7c
Jan
44c
47c
1.55
72c
2.75
12%
10
42,875
11%C
Ryanor
13
—
36c
Jan
47c
Feb
38
97c
10
10
Jan
43%
Feb
13
13 %
275
13
Feb
14
Jan
10c
10c
8%C
Feb
12C
Feb
500
50c
72,550
35c
Jan
75c
25,700
49c
Jan
24
24
25
1,755
23%
Jan
19
19
20
1,030
1
62c
58c
66c
25,800
•
13
12%
13
1,365
1
12 %c
12 %c
12 %C
105%
106
13%
14
44%
—100
•
A
50
43
43
St Lawrence Paper preferred
San Antonio Gold Mines Ltd
100
126
125
126
4.10
4.30
Sand River
..1
1
Gold
100
21
8,500
Jan
12
Jan
Jan
175
Jan
12
Jan
12%
Jan
18c
Jan
30c
Feb
34
Feb
103%
Jan
103%
Feb
91c
Jan
1.10
Feb
10%
Feb
34
Feb
10%
375
17c
17c
2.000
21
21
21
100
48%
47%
48%
7%
7%
10c
9%
.T*n
15c
Jan
21c
20
Jan
21
Jan
95
46%
Jan
48%
Jan
7%
155
5%
Jan
10c
Jan
Feb
8
10c
6,400
9%
9%
97/8
2,430
Jan
9%
2.50
2.50
2.60
7.001
2.37
Jan
2.65
11%
11
11%
9.10
Jan
12
Feb
6%c Jan
9
Feb
10c
Feb
Jan
17c
20c
16c
Jan
22c
Jan
12c
13 %c
3,500
10c
Feb
18c
Jan
4.75
4,034
4.40
Jan
26
9,140
32c
35c
20c
19c
1,413
17,500
20c
4.70
25
25
35c
*
25
4.95
Jan
24
Jan
26
Jan
111,750
22c
Jan
35c
Feb
500
17c
Jan
23c
Jan
23%
Jan
25
Feb
25
50
29%
30%
260
27
Feb
30%
37%
365
36%
Jan
38
Jan
31
30%
31
475
28
Jan
31
Feb
106%
107
40
105
Jan
108
Jan
100
1
15c
14 %c
16c
ZZZZZZZl
21,000
14 %c
Jan
22c
20c
26c
16,700
15c
Jan
2,899
99%
common.
15%
Feb
Jan
18c
29c
Jan
15
16%
99
99 %
20
14c
16c
4,000
3.20
3.35
3,714
26c
Mines__Z_ZZZZZZZZ*
26c
800
20c
Jan
26c
13c
16c
4.600
10c
Jan
16c
Feb
14%
15
180
14
Jan
15
Jan
36
■
3.20
Yellorex
Ymir Yankee
York
Knitting
37
$4,000
35
Jan
41
Jan
13% Jan
98%! Jan
ZZZZZZ*
Z-ZZZZZZZZ*
common
13 %c
Feb
16%
99 %
Feb
<
Jan
Jan
3.05
Feb
17c
3.40 iJan
Jan
BONDS—
Uchi
6s
Toronto Stock
Exchange-Curb Section
Canadian
Fonda
Week's
Sales
Range
for Week
Sale Price
STOCKS—
of Prices
Shares
Par
Asbestos Corp
British Columbia
58c
1.03
25
Feb
Jan
Jan
Co
14%
Jan
20
Feb
Canadian
Jan
71c
Feb
Canadian
13
Jan
31
48
Jan
64
165
165
165
10
160
Jan
169%
5
5
5%
2,978
4%
Jan
5%
Feb
86%
86%
88%
909
77%
Jan
88%
Feb
Feb
Feb
Feb
Sugar
18%
18%
18%
400
Jan
18%
Feb
21
21
355
20%
Jan
21%
Jan
13%
13%
13%
525
13%
Feb
15%
Jan
43
43
20
43
Feb
43
Feb
•
24%-
24%
25%
410
20
Jan
25%
Feb
•
16
Feb
Bronze
*
Industries
Feb
50
105%
Jan
106
Feb
1,000
9%
Jan
14
Feb
Canadian
36%
Jan
44%
Feb
Canadian
Feb
common
Consolidated Paper
12 %C
Feb
117
Jan
126
4.10
Jan
9c
10c
5,500
7c
Jan
10c
Jan
20c
22c
23,400
19c
Jan
25C
Jan
2,550
27
430
*
1,000
420
200
64
•
Dominion
12 %C
185,195
30
62
5
&
Vinegars
Jan
High
29%
62
100
_
Gold
12
Low
30
*
1
common
common
Canada
40c
Range Since January 1
High
100
Pulp
Preferred
Bulolo
Low
•
Preferred
Canadian
Canadian
Class
1.05
30c
Jan
37%
Jan
40
69c
__
34
103 -/4:103-/4
Jan
33
45c
common
Saguenay Power preferred
St Lawrence Corp common
13,300
oan
ion
Jan
517
84c
Mine
new
500
2«c
22c
11%
170
Jan
35
•
Gold
12%
2Qe
4.75
Feb
43 %
...18
Russell Industries
2
13 %c
ZZZZZ__1
Feb
34
49c
Royalite Oil
Feb
Jan
1.40
30%
Preferred
Canada
Rush Lake
592
171
1.20 Jan
37%
Winora
Feb
43 %
35
•
_
Roxana Oils Co
Royal Banic
3,966
11%
171
•
Larder
Winnipeg Electric
Brown
Rouyn Merger Gold Mines
27c
11%
Last
9c
44c
•
common
Robir.son Cotton
1,325
Jan
-1
.
1.35
Jan
18
_
_
Jan
6%
6
Jan
18%
3
Gold
28
3.65
Friday
Richmac
Jan
Jan
Feb
96c
1
Textiles
1.00 Jan
Feo
•
/
Mines
Wright Hargreaves
98c
1
Gold
_
26%
2.75
Jan
—
Quebec
Jan
Jan
82c
Jan
97c
—
12
Feb
1.20
13 %
■
Jan
71c
Jan
ZZZZZZ*
ZZ~
30c
35%c
1.67
Jan
comZZZZZZZZZZ"*
Preferred
30c
35
Jan
2.84
3.25
l
i
class A
Westons Ltd common
36 %c
1
2.25
10c
30c
240
*
New
1
•
Jan
6,092
*•
1
River
Jan
6%
Feb
4,200
17c
3.10
1.27
Jan
1.30
1.30
15c
t
C
Powell Rouyn common
Purdy Mica
Purity Flour
5%c Jan
3.00
1.27
Porcupine Peninsula
Porcupine Reef—
Proprietary
Jan
3.10
15 %c
1
Mines
_
3c
1
Mines
Metals
1,000
175
2.25
3.50
—
_
East
4%c
28
8%c Jan
23c
6
Jan
22c
Preston
28
2,500
3.30
♦
i
50c
Pressed
Feb
34
*
22,900
__
Feb
25c
6
23C
~
51,700
Gold
19%
Feb
3.40
97C
Steel
26c
Voting
Jan
50
1,000
9,400
Canada
56c
Power
19
22c
25C
3,950
™
23c
Premier
19%
95C
£
52c
Powell
Feb
2.55
.100
"a"
52c
ol B
2.65
94c
Oils
Upper
__
Mines
Jan
2.45
7
23 %c
Pioneer Gold
2.02
95c
Z
B
1
Gold
28,400
2.50
11%
1
Gold
2.65
19%
.100
Pen-Rey Gold Mines
Crow
Feb
Jan
82
Co
Fuel
United
175
23 %c
Jan
:
21 %c
92,837
Resources
Mining
Corp class
United
32
.
19
Jan
62c
Class B
9c
20c
Jan
Jan
16c
2.55
__
65c
Jan
16%
80
11,400
*
~
Gas
United
1.20
11c
25
5,025
3,000
25c
,
Preferred
31
-1
17
81
9c
aZZZZZZ
class
Transcontinental
60c
1.40
Jan
19c
30c
ZZZZZZZl
Paymaster Cons Mines
Pickle
Jan
2.75
Walker-G & W
Wekusko ConsolldatertZZZ"
Perron
1.06
•.
Waite-Amulet Mines
Piccadilly
Jan
9c
Towagmac
1.10
•
Malartic
88c
28c
IZ
Feb
65c
Parbec
Partanen
12,000
2.56
Mines
Feb
1.12
•
Hersey
Pamour Porcupine Mines»Ltd
—
Feb
1.02
9c
com
Mines
Toronto General Trust
Toronto Iron Works A
Jan
_1
Petroleum
Page
Pandora Cadillac
7%
80
28
Feb
20c
_
7%
Jan
95c
Jan
1
.
Feb
27c
10 %c
Pacific
6
7
Toburn
United
Pacalta
Feb
50
25
30c
Feb
2.26
Jan
6
2.56
Tombill
Jan
65c
9% Jan
7%
i
Carson
Gold
Top Tailers
Feb
Feb
'
Orlac Red Lake Mines
Jan
Jan
1.33
Thurbois
18 %C
Jan
8% Jan
1.25
78c
6
96c
common
Pearson &
Feb
19%
Jan
Jan
8
22%
Feb
23
Feb
18%
18%
74c
~
2%
20
Jan
.625
1.23
1
Thompson-Lund Mark Gold Mines
Tip
O'Brien
Feb
17%
18
-ZZioo
Feb'
Jan
54c
71c
—
1
„
74c
5%
Feb
Jan
;48c
9 %
71c
2.50
River
8%c
40C
€8c
41 V2c
17
Gold_.ZZ
18,500
1
Jan
14,900
18c
Sullivan Cons
Mlnes.ZZIZZ
Surf Inlet Consol
*
common
Feb
5,900
54c
'
Sturgeon River
Sudbury Contact _Z
14c
Rouyn Mines__
106
67C
1.10
—
1
___
104% Jan
Jan
48c
81
MmesZI.
Stuart Oil preferred
12c
_
Canada
105
25% Feb
62c
1.18
Canada common.
steep Rock iron
•
_
Northland
1,370
Jan
8%
Stedman Bros
*
N«rth Inca
Jan
27%
*
Jan
2.05
Jan
Jan
28%
26
—
B
Starratt Olson Co
13c
1
__
Northern
Norzone
7c
1.84
_
Norseman
North
7c
•
Normetal
32
Feb
7%
Stanley Brock class
Sylvanite Gold Mines
Noreold
29%
105
Jan
8c
2.00
50 %
_
Niplssing Mines
Noranda Mines
315
105
Steeloy Mining Corp
Newnorth
11V* Feb
6% Jan
12
579
18
Jan
8%C
*
Gold-
Standard
High
1,073
«
•
Jan
26%
27
1
_
29
16c
2.15
New
14
Jan
30
Negus Mines
New
Jan
17%
24%
_10
_
13
19c
•
Trust
180
115
20c
•
A
Car
14
19
25%
25c
National Sewer class
13%
29%
20
National Hosiery Mills class A__
National
13%
•
common
Low
12
.
19
5
Drug & Chemical pfd.
National Grocers
Range Slnfce January 1
8%
30%
26%
65c
'
High
11%
—
National
Shares
„
ZIIZ
A
for Week
Low
*
_
Class B
:Z^;
Sales
Range
Per
Feb
«
Mosher
69c
20
73
—
64c
21%
& Power
Locomotive
High
High
20%
1
Porcupine
Montreal Light Heat
Low
Week's
•
Sale Price
4.50
Marconi
common
—
Western
Lumber
Westinghouse
2%
2%
2%
600
28
29
175
26
Jan
32
Jan
100
Vickers
Preferred
143
140
144
35
138
Jan
152
Jan
a
3%
3%
3%
6,400
•
*
•
46
19%
46
10
19
19%
4,653
2%
3%
Feb
Jan
3
3%
Jari
Feb
43
Jan
47
Jan
17%
Jan
19%
Feb
Jan
Mines
22c
Dalhousie
Oil
•
50c
32c
Senator Rouyn Ltd
1
56c
61c
Bhawinigau
*
24
24
24%
95
Shawkey
1
34c
34c
37c
7,300
11%
12%
Shea's Winnipeg
Brewery class
56c
—
11,600
50c
Jan
64c
46c
52c
14,195
deHavilland common
•
20
21%
200
13%
Jan
21%
Feb
Dominion
Sannorm
•
35
36
110
32%
Jan
36
Jan
Bridge
Jan
Dominion
23%
Jan
25%
Jan
Dominion
31c
Jan
42c
Jan
Donnaconna
250
11%
Feb
13%
5,400
437,442
1.30 Jan
1.65
Jan
Hayes Steel
2.06
5.35
Feb
International Paper common
new
Textile
—50c
Sick's Brew
new
1.55
1.52
1.55
4.90
4.55
5.10
14
13%
14
835
13%
Jan
14
Feb
13 %
13%
325
12%
Jan
13%
Jan
Oil
10
Gold
1
13%
Sherritt-Gordon
pfd
38
38
50
Feb
38
*
100
100
10
92
Jan
100
•
common
Paper
•
common
V T C
Sigma Mines
Silknit
Ltd
19
19
10
17%
Jan
20
_
Silver Miller
1
see
Minnesota
43C
& Ontario
.."J.!
>
■
ia'j»
Paper
Selections
10
604
8.70
Jan
10%
Feb
17
10
17
Feb
18
Jan
Southmount
38 %
40
50
38%
Feb
40
Feb
19%
100
19%
Jan
19%
Feb
Supertest
40C
43C
15,000
40c
Jan
47c
Jan
Temiskaming
gA. gsgg"
mrrr
19%
Feb
Feb
Feb
2.60
2.75
10,250
1.90
Jan
28
25
23%
Jan
*
52
51%
52%
4,675
48
Jan
55% Jan
*
19
17
Jan
21
1
Investment
Petroleum
3.05
19
21
3,815
5c
*
Southwest Petroleum
page 974.
38
28
19%
40
Script
For footnotes
Jan
17
common—
Preferred
Feb
2.75
Pend Oreille
Mines
52c
Jan
Glass
Foothills Oil & Gas
Sheep Creek
Jan
6c
8,000
3.10
1,335
3.00
5c
? 95
Jan
Jan
2.75
*30
Feb
Feb
Feb
6c
Feb
3*0
Jan
ordinary
*
23c
23c
23C
30
23c
Jan
25C
Jan
•
29c
26C
29c
1,500
22c
Jan
29c.
Fet>
48%
48%
60
47%
Jan
48%
Feb
10 %c 10 %c
1,000
10c
Jan
12c
Jan
♦
1
'
Tr
THE COMMERCIAL &
974
Monday, February 17, 1947
FINANCIAL CHRONICLE
OVER-THE-COUNTER MARKETS
QUOTATIONS FOR FRIDAY, FEBRUARY 14
Reorganization Rails
Companies
Bid
Par
Mutual Fonda—
Keystone Custodian Funds (Cont.)—
6j.84
Series
K-l
19.18
21.05
4.77
5.22
Series
K-a
22.78
25.01
27.36
30.01
36%
34%
10
Snares——1
American Foreign Investing-lOo
Assoc'ted Standard Oil share*—
Axe-Houghton Fund Inc
—
Axe-Houghton Fund B
Beneficial Corp
1
Blair A Co
1
Holding Corp,.,
Series S-l-
.
4.53
9.08
Series
S-2
9.86
4.14
Series
S-3—
Series
8-4
8%
8
7.86
8.50
16.54
17.98
15.04
5%
4%
Manhattan Bond Fund Inc—
Fund..—*
Fund—10
8.13
Bullock
Co Inc
Fund Ltd——-1
Mass
18.80
20.60
10
14.50
Ltd,..—1
4.55
5.25
Trust.
30.59
32.90
1
14.58
15.78
Christiana Securities com—100 3,030
3,130
Preferred
.....100
150
155
Commonwealth Invest..——1
6.03
6.55
Delaware Fund
—
1
16.47
17.81
Dividend Shares
2Bc
1.52
1.67
Century Shares
Chemical Fund
shares
Balanced
11.38
Bond
1
series...
Income
priced bond series
Low priced stock common—
Preferred stock series
82%
85%
Home'
8
25%
52
54%
Homestead, Fire-
10
14%
16
7.72
Aetna
10
45
47
Insur Co of North America
10
96%
100
4.34
Low
4.90
Agricultural
26
74
77
Jersey Insurance of N Y—
20
36
Maryland Casualty
Life
4.69
American
Alliance
22%
Automobile
32
Stock
5.78
6.40
American
24.65
26.54
New
England Fund
15.47
16.59
2.06
2.25
New
York Stocks Inc—
10
4
Casualty'
5
American Equitable
6
American Fidelity 6s Casualty.6
American of Newark
3%
20%
American
16.77
5.89
6.02
6.93
6.22
8.80
9.68
American
Reserve
10
17%
10%
National
Surety
29
57%
59%
National Fire
10
36
39
11.47
American
9.70
10.66
Automobile
14.62
9.74
10.71
Baltimore American
2%
__?B
12.01
13.19
Bankers & Shippers
Diversified
12.58
13.82
Boston
Electrical
8.70
6.87
Insurance
9.82
10.79
Camden Fire
9.99
Machinery
10.26
11.28
City of New York
10
7.67
Merchandising
Connecticut General Life
10
11.68
5%
B
6%
stock
11.09
12.19
Metals
8.60
9.46
!^54
6.53
8.45
9.29
Railroad
Industrial Machinery shares^.
7.38
8.11
10.02
10.52
8.28
9.10
13.36
—Railroad equipment
Putnam
& Trading:
(Geo) Fund
7.35
Republic Invest Fund
2.75
3.04
4.96
5.46
Railroad
5.02
5.53
Steel shares
5.44
5.99
3choellkopf Hutton and
Pomeroy
Bcudder, Stevens & Clark
Fund, Inc
4.69
5.17
Selected Amer Shares:
5.84
6.43
Sovereign Investors
1.00
Standard
Incorporated Investors———6
24.30
26.13
14.49
Union
Management Fund Inc_l
14.19
14.51
28.16
29.49
33%
29%
31%
Phoenix
67
70
Bond
Fund
Providence-Washington
52
57
10
58%
61%
30
Fireman's Fd of San Fran
10
98%
102 %
16.92
Firemen's
6
13%
14%
Revere
0
21%
,
Nfewark-.
of
3.96
Franklin
3%
General Reinsurance Corp..
Gibraltar F»re 81 Marine
11.80
12.77
6.61
Globe &
Fire.
Republic
50%
53 %
Springfield Fire 61 Marine.
25
111
8%
101%
Standard Accident
10
28
—100
610
American
.6
83c
Hartford
22.84
23.55
94
Hartford Steamboiler Inspect.-lO
Travelers
31%
U S
10
25%
27%
8.86
106%
111%
D
2.00
6.95
30%
2.96
3.48
Beries
B-3
17.70
19.42
Series 1956
1
Series
B-4
9.82
10.77
North Amer Trust shares—
Bid
U S El Lt & Pwr Shares A
.1968
American Airlines 3s
21%
Paso
Electric
83
36
38%
353
368
42%
44%
Grace National
100
200
,100
286
37%
39%
44 %
Manufacturers Trust Co
103%
Commercial National Bank &
Ask
180
42%
20
43%
45%
10
17%
19%
10
195
295
17%
1,810
25
49
52
20
56%
57%
New York Trust
100
27/«s„ 1976
102%
103%
105%
Scranton-Spg
103%
103%
104%
Sioux City Gas & El 23/4S— 1975
Tenn Gas & Transm 2%s_. .1966
Texas
99%
99
Utah
Power
&
Light 2%s. 1975
Pbw 6s Lt 2%s
1976
1976
104%
104%
101%
104%
104%
1965
104%
105%
Monongahela Power 4.40%—100
1975
106
106%
Ohio
1975
103%
103%
Pennsylvania
102
102%
Public
Ohio Public Service 2%s__ .1976
102%
103
Pennsylvania Electric 2%s_ .1976
Philadelphia El Co 2%s— .1981
102
102%
Scranton
103%
103%
Scranton
102
102 %
Union
100 %
Willys
248
12 %
41%
57%
59%
25
Public Nat'l Bank & Trust.17%
97
Corn Exchange Bank & Trust_20
Empire Trust
50
94
99
Sterling National
25
70
Federation Bank & Trust
10
21%
23%
12
14%
Fiduciary Trust
10
38
41
Title Guarantee & Trust
United States Trust
100 1,545
10184
102%
102
103
102%
103%
101%
102%
109%
111
102%
Laclede
Gas
Montana
N
16%
100 1,760
Morgan (J P) & Co Inc
National City Bank
103
.1976
3%s
Lt
Monongahela Power 3s_.
100
10
100%
Bid
Fulton Trust
15
135
101%
102 %
103
Kansas
Par
Guaranty Trust
Irving Trust
Kings County Trust
Lawyers Trust
130
Brook
Ask
100%
1975
.1976
City P & L 2%s
Kans Okla & Gulf Ry 3%s .1980
City Banks & Trust Cos.
29%
3%s_ 1976
Coke
105
1961
2%s
27%
88%
&
(Okla) 2%s
.1970
Iowa Pub Serv 2%s
Aai
87
Public Serv
1976
Illinois Power Co 27/aS
Bid
Bid
Ask
.1976
2%s
Gatineau Power 3s
Continental Bank & Trust.
56
77
—2.60
Portland Gas
Calif Elec Power 3s
Trust Co
46 %
53
Security Issues
Bonds—
El
Bank
44 %
4
_
Westchester Fire
2.98
National
2
—10
Fidelity & Guaranty Co
U S Guarantee—
42%
39 %
Recent
7.90
2.63
1
Chase
30%
625
Unit Type Trusts—
Diversified Trustee Shares—
Series 1955
Chemical Bank & Trust
1
1.11
28.49
Central Hanover Bank& Trust 20
33 %
115%
20.05
26.02
10
55%
31%
23.64
18.38
]
Independence Trust Shares—*
100
76
52 %
9.69
21.63
Union Preferred Stock Fund
Wellington Fund
B-2
Brooklyn Trust
73
10
—10
—
U S Fire
10
Fire.
-12%
26
90
Hanover
Series
Bankers Trust
24 %
Se^irlty New Haven
23
Marine
30%
22%
Seanoard Surety
preferred
Rutgers Fire com
6%
27%
10
St Paul Fire
Great
B-l
100
5
10
Fire
20 %
93c
Series
Bank of New York
7%
38%
7.30
11.42
Keystone oustctan Funds-
10
(Paul)
33 %
48.00
6.67
2
„
(Texas)
Republic
36
23 %
91c
O
(NY)„..
...10
18%
6
15
15
Globe &
Reinsurance Corp
—
21.34
96c
1.00
Par
54%
96
5%
31
83c
19.52
87c
New York
8
92
10
.10
45.00
B
10.42
—
51%
10
6
»
n
2nd
7.24
.
-10
—
164
107.77
A
102
Indemnity Co
157
2
series
98
Fire-
Pacific
10
105.63
10c
84
Preferred Accident
Pacific
20
Series
15.88
31.38
30%
•
10
3.61
Unicn Common Stock Fund B
28.87
JO
Glens Falls Fire
Utilities
7
79
28
Northern
Fidelity & Deposit of MA
Series
Institutional Securities Ltd—
Aviation Group shares
Bank Group shares
Insurance Group shares
Stock and Bond Group shareB.
investment Co nf America—10
79
25%
6
54%
River
9.42
•
2%
State Street Investment Corp
Trusteed Industry Shares
25c
1.80
76
52
14
24
8
Northeastern
Employees Group
Employers Reinsurance
2%
J
10c
26 %
51%
12%
12.50
North
20%
15.74
1
24%
49
8
*_
Crum & Forster Inc
Federal
28%
.2.50
23%
18%
20
Petroleum
10
-
6%
165
26%
—.10
Fire_
22
Fire Assn.of Phila
5.93
1.76
Continental Casualty
York
155
20
Hampshire Eire
55
5 %
2
New
12.59
8.41
10.50
5.39
10c
0
53
—10
Fire_
New
8.57
Tobacco
7.65
Foundation Fund Inc
75
67%
11.46
Steel
9.56
80c
70
63%
10
7.20
5.93
Public"
Casualty
New Amsterdam Casualty
New Brunswick
9.57
Speculative:
equipment
6.26
1
—
N Y
Fire
National Union
7.65
9.11
—
—
National Liberty
10.44
13.31
stock.
Bank
Building supply
Business
Equipment
8.70
shares
29%
—
30%
5.69
—-
27%
Merch & Mfrs
28%
8.00
6.68
7 %
(Detroit)—10
21
10
8.29
shares
30%
6 Vb
19%
Re-Insurance
7.91
Railroad Bond shares
86
28%
4
Merchant Fire Assur
American
General bond shares
Mining shares
81%
8
Massacnusetts Bonding
11 %
8.15
6.97
Institutional bond shares
-12%
Convertible preferred
18%
10 %
7.41
10.63
Investing
Low Price Shares..
Merchandise shares
24
16%
11.00
6.96
—
13 %
55
preferred
10.01
———
Chemical
Administered shares—
11%
22%
Prior
13%
Aviation
47.33
5.80
40
53
1
common
34 %
%
11
Automobile
15.78
44.02
1
Agriculture
6.54
14.40
series
27%
9.09
8.22
15.68
45%
Ask
10
10
-—
—
4.23
42%
Bid
Par
Aetna Casual 6s Surety.
Aetna
9.09
Bank of the Manhattan Co
18
48
Companies
Ask
4.22
Electrical Equipment
f
com
5.55
6.23
Common
Grande
16
46
Rio
8.11
Diversified Investment Fund—
Huron Holding Corp-
8s
7.02
series-
7.29
Tobacco shares
66
5.02
—
stock
Bid
3.79
—
Equipment shares
stock shares
33
63
7.28
series.
Industrial
7.79
7.09
Speculative series
shares
Food shares
30
Preferred
Insurance
Par
1
shares
Aviation shares
Building shares
Chemical shares
Invest
Denver
Selected series
Automobile
Incomes
91 %
27.18
Group Securities-
Utility
65
89%
25.42
Financial Industrial
RR
1st 3-48 income
1
Fidelity
Petroleum
63
2018
1993
4%s
Income
15.47
io.53
National Investors Corp.
National Security Series—
.
Fund Inc.—,—.
Fund, Inc.
...10
First Boston Corp
0
First Mutual Trust Fund2
Fundamental Investors Inc.
Fundamental Trust shares
General Capital Corp.
General Investors Trust—
preferred
Nation-Wide Securities-
Canadian Inv Fund
Fully
5%
15.84
14.41
Mutual Invest Fund Inc..
Eaton & HowardBalanced Fund
Stock Fund-
•
-100
Common
Rio Grande—
Denver 6s
12.59
Fund
Investors 2d
Chicago Rock Island 6s Pacific—
28.51
11.71
—
BroaA Street Invest
19.81
87
8.91
26.51
Mass Investors Trust
18.32
84
Ask
—
.
1
22.68
4%s
107
50.10
49.10
1
105.02
21.09
Agricultural
6.25
104
1094
2019
ist 4s
income
Bid
Stocks
Pacific¬
Chicago Rock Island &
Conv
Ask
Bid
—
105.35
IOC
Common
100.82
Fund Inc
5.74
5.64
Fund
Loomia Sayles Mutual
Loomis Sayles Second
5
of
Tr
Inv
Boston
13.90
5.18
Knickerbocker
6%
6
16.54
12.64
America——
Bond
Bonds
6.23
American Business
(When, as and if issued)
Ask
Bid
^
Aeronautical Becurltlee——
Affiliated Fund Inc—
1%
Amerex
Par
Ask
Y
Power
El
State
&
Philadelphia El
27/aS
Gas
2%s_ _1977
Pow 2%s_ .1975
99%
Pgh Bessemer & L E 2%s_ _1996
Preferred Stocks—
100
98
Public Service
Serv
Par
Electric 3.70%
(Ind)
3.50%
Ruppert (Jacob) 4%%
Electric 3.35%
Spring Brook 4.10%
Oil
(Cal)
Overland
102 %
3.90%
$3.75
—
103%
102
103
96
100
97%
104%
106
95
—
•
104
105%
103
104
63
4%%
63%
254
43%
1,605
First National Bank
100
42%
695
100
44 %
75
16%
725
United States Treasury
Rates quoted
Bid
Obligations Of Governmental Agencies
Bid
Ask
1%S Oct
1,
lVVs May
1950-1948
1, 1952-1950
100.12
99.12
1%S Jan. 1, 1953-1951
2%* Feb. X, 1955-1953
^
1947
15
SeS 15' 1S1?
ttfeSt 15 1948
}$2
J# J
M?
1/2%
100.3
126
Mar.
Mar.
1947
1947
17, 1947
24, 1947
1, 1947
8, 1947
15, 1947
b0.375
b0.375
b0.375
b0.375
1947
1947—
0.28%
0.33%
0.33%
0.33%
Apr. 10,
b0.375
b0.375
1947
1947
13, 1947
27,
6,
20,
27,
Bid
Ask
0.34%
0.34%
May
Apr.
Apr.
May
May
—
Ask
b0.375
b0.375
b0.375
b0.375
b0.375
b0.375
b0.375
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
103.10
Bid
100
100,11
100,6
100,25
Ask
100,1
100,12
100-7
100.26
one
or
more
32ds of
Maturity—
1961
a
pomt
a
Dollar Prlee IOO Pins
Certificates of Indebtedness—
*%s March 1. 1947
JVeS April I, 1947
V/bS June 1. 1947
Bid
.0057
.0120
Ask
0106
0168
.0180
Odd
lot
-
sale
(not
sales (not included
wiWhen
issued,
x
included
in
year's
range).
bBid yield price,
d Deferred delivery sales
Ex-interest. fFlat price, k Removed to Stock Exchange. rCash
in year's range). tEx stock dividend. (Un) Unlisted issue, w d When delivered.
(not included in year's
range),
e
Ex-dividend,
y
Ex-rights.
.0266
.0162
.0236
.0248
.0339
*%s Sept, 1, 1947
t%s Oct. u 1947
*7/8S Nov. 1, 1947
.0168
.0276
.0136
.0260
.0159
.0299
.0104
1948
.0121
.0294
*%s Feb. 1, 1948
.0139
.0328
t%S Jan. 1,
,
Mar.
127%
lisuee
Panama Canal 3s
t%S Dec. 1, 1947
4
t
'
100
t%S Aug. 1, 1947
t >'
&
1948
t%S July 1, 1947
'*
'■<% ■?.
15,
Other
99.16
100.4
103.4
Int. Rate
i
100.16
100
after decimal point represent
i
if/
l%s Apr.
Feb.
Mar.
Quotations For U. S. Treasury Notes
Hgurea
.
tSeDt
Ask
Federal Home Loan Banks—
Bills
for discount at purchase
Apr. 3,
Treasury bills—
Feb. 20, 1947
Bid
_
federal Land Bank Bonds—
are
.0261
*No
dividend.
par
value,
tin
default.
JThese bonds
are
subject to all Federal taxes,
fl Ex -liquidating
•
.
Volume 165
Number 4569
THE COMMERCIAL & FINANCIAL CHRONICLE
THE
Bank
with
clearings this week show
a
based
year
COURSE
increase compared
an
Preliminary figures compiled by
OF
Complete and exact details for the
the
foregoing will
telegraphic advices from the chief cities of
upon
We
cannot furnish them
the country, indicate that for the week ended
Saturday,
ends
Feb.
able at time of
15,
clearings from all cities
the
of
United
from which it is possible to obtain
weekly
be 0.2% above those for the
against
this
preliminary
totals
stand
$11,312,806,688 for the
center
there
day of 2.8%.
is
Our
loss
a
for
at
the
in
week
1946.
ended
today, is
going to
the
elaborate
BY
Fri¬
detailed
we
1946
For that week there
450,116,329
505,000.000
+
+
+ 24.7
217,600,000
144,000,000
+ 51.1
275,691,000
239,682,000
+
15.0
178,160.883
165,511.632
+
7.6
193,938,764
157,920,851
+
22.8
140,100,480
143,699,837
San Francisco
Pittsburgh_
Baltimore
14.4%,
following
a
$7,372,232,680
we
furnish
1st
2d
New
12 cities
2,312,652,138
usual
2.5
York
January in 1944 to 1947
is
9th
improvement of 15.9%, the St. Louis Reserve District
the
Kansas
City
5.0
+
San
group
Francisco Reserve
OF
BANK
1946
$
Inc.
1946
appended.
467,687,960
7,349,067,831
"
583,210,077
+
6
$118,518,700 $175,742,400
bond3
"
370,671,770
320,756,495
+ 15.6
"
452,746,840
722,760,103
+
+
36.6
Minneapolis
7
"
267,255,452
259,104,423
+
3.1
City
10
398,017,154
323,974,962
+ 22.9
"
211,540,080
183,349,164
+ 15.4
10
Francisco
"
6
"
621,927,805
570,730,803
+
12,988,274,011
12,291,975,965
+
5,865,443,441
5,126,163,826
Y.
111 cities
City
8,806,300
1947
1946
1945
$
$
—Month of January—
1944
1943
1942
$
$
1,059,500
788,400
1940
$
the
$
month
of
today
January.
$337,114,250
324
293
272
205
164
338
339
272
187
143
133
101
85
77
63
70
58
54
222
199
168
142
122
104
337
284
288
291
239
226
175
158
333
244
214
216
172
165
126
120
410
334
272
250
204
173
141
130
211
161
144
129
124
124
104
195
497
426
379
328
297
253
217
184
District of 16.3%.
377
269
240
211
179
181
145
101
202
166
of
444
389
393
387
340
285
195
153
142
128
117
108
81
87
72
76
63
72
66
54,132 48,102
1945
34,022
31,131
25,944
6,193
5,571
4,818
4,079
3,526
2,376
2,574
62,829
60,325
53,673
46,098
38,101
34,657
28,320
26,659
38,995,195
31,302 26,715, 24,730 22,805
19,699
17,720
13,635
12,592
17,8x1,394
55,249
Month of January—
of
1947
1946
Federal Reserve Districts
of the clearings for
For that month there was an
a summary
clearing houses of 4.2%,
having been $62,329,858,-
The Cleveland Reserve District has to
Boston
14 cities
2d
January in each of the last
New York
14
3d
FOR
2,346 414,516
2,197, 198,857
34,484, 352,530
(000,000
1944
1945
1944
$
6.8
$
1,920,225,418
29,777,894,606
5.6
16
3,355 937,457
3,407, 121,461
2,921, 172,933
+ 16.3
"
+
14.9
8
-—
"
17
Philadelphia
32,563 177,955
3,963 522,931
"
1,710 165,637
1,528, 560,749
+
11.9
2,208, 362,081
+
19.5
+
16.8
4,576,399,123
+ 25.6
1,865,054,811
24,071,428,326
2,881,729,247
2,754,793,159
2,059,543,518
4,643, 659,075
1,445,350,583
"
4th
Cleveland
5th
Richmond
CITIES
IN
Atlanta
16
"
2,638 ,631,785
7th
Chicago
31
"
5,423 156,219
—
3,063,609,176
2,897,164,897
1,358,575,283
1,209,909,501
St.
"
1,961 152,510
1,561, 206,449
9th
Minneapolis
16
"
+ 21.2
980,355,044
15
"
1,512 583,499
2,463 167,781
1,248 ,080,514
10th Kansas City
11th Dallas
JANUARY
1,946, 142,595
+ 26.6
1,758,337,251
11
"
1,818 377,486
+
12.3
1,345,154,060
19
"
3,073 570,341
1,523, 705,005
2,656, 090,143
+
15.7
2,490,729,804
1,732,049,950
4,399,981,260
1,307,608,500
937,540,388
1,620,111,529
1,077,239,077
2,241,461,686
62,829,858,117
60,325,652,392
+
4.2
53,673,338,763
46,098,907,434
31,302,165,016
26,715,645,414
+ 17.2
24,730,186,706
22,805,561,168
8 YEARS
-Month
1945
+
8th
LEADING
FOR
Inc. or
Dec. %
$
1st
clearings at leading cities of the
month
1946
3,820,738,327
1944
No. Shares
51,510,197
4,470,588,132
gain of 14.9%, the Richmond Reserve District
of 11.9% and the Atlanta Reserve District of 19.5%.
In
the Chicago Reserve District the totals are larger by
16.8%, in the St. Louis Reserve District-fey fi5.6% and in
the Minneapolis Reserve District by 21.2%. In the Kan¬
sas City Reserve District the totals register an increase
of 26.6%. in the Dallas Reserve District of 12.3% and in
the San Francisco Reserve District of 15.7%.
24,085
41,280
7,580
Total all
following:
No. Shares
CLEARINGS
1947
390,177,307
8,462,449.204
5.6%, but in the Boston Reserve District the totals show
improvement of 6.8% and in the Philadelphia Reserve
55
oth
BANK
162,997,001
262,246,290
114,400,969
an
74
104
—
_
Other cities
is shown in the subjoined statement:
years
468,376,005
117 and the 1946 aggregate
$60,325,652,392.: In the New
York Reserve District the totals show a falling off of
99
Salt L. City
1944
No. Shares
bank
the
168
Hartford
the
23,,556,803
of
_
Memphis
Tot. 27 cit
on
No. Shares
course
263,423,874
400,087,055
its credit a
Paul
Out. N.Y.C.
The volume of transactions in share
properties
New York Stock
Exchange for the first month
country for
379
374
Seattle
January
507,508,346
454,166,323
265,724,225
increase for the entire body of
the 1946 aggregate of clearings,
398
482
116
Indianapolis
1,052,350
$341,960,100
1946
4,798,507,833
10,678,832,647
.
We also furnish
1941
$
Buffalo
9,404,000
126,500
1947
9.0
5.7
+ 14.4
491
$326,657,900
10,121,400
1947 is indicated in the
'$
374,833,976
280,380,452
196,439,116
274,984,645
144,277,347
482,925,467
15.9
318,479,350
532,798,465
1944
585,971,494
282,594,770
419,619,922
627,753,743
+ 17.7
837,478,333
435,126,251
Milwaukee.
$125,490,900 $186,923,300
bonds—
13.7
"
$
17,811,394
6,845,700
bonds
is
9.0%.
372,212,666
6,368,063,721
643,608,304
0.2
'*
Louisville-
$332,365,400
U. S. government
increase
$
4.9
+
—
4
(000,000
Railroad & misc.
bonds
the
1945
+ 11.7
"
826,770,752
662,992,703
740,107,956
7
,
The
1944
38,995,195
Foreign govern't
or
490,475,202
Providence-
1945
51,510,197
District
Dec. %
Richmond
1947
23,556,803
District
CLEARINGS
10
Outside N.
0.2
+
January—
Bonds—
Reserve
22.9%, in the Dallas Reserve District 15.4% and in the
Denver
of
shares
omitted)
In
St.
Stock, number
and in the Atlanta Reserve
36.6% and the Minneapolis Reserve District of 3.1%.
17
12th San
given below:
are
Month of
Reserve
of
Omaha
Description—
Cleveland
—18.3
$11,312,806,688
Exchange
the
an
Louis
omitted*
Stock
15.6%
7,333,220,044
.
Chicago
8th St.
monthly detailed statement of transactions
New
results for
$11,337,040,548
In
larger by 12.7%, in the Richmond
The Chicago Reserve District records
10
Philadelphia
Total
Total all cities for week
District by
"
4th Cleveland
+ 14.9
$9,000,154,550
1,689,506,758
day
one
11.7%.
are
12
York
5th Richmond
7th
1,806,266,625
$9,447,533,790
of
District by 17.7%.
$
Boston
10th Kansas
eight
Reserve
1947
11th Dallas
Total all cities, five
days.
that in
by Federal Reserve Districts:
Week Ended Feb. 8
3d
+
a summary
Federal Reserve Districts
2.5
—
$7,193,887,925
2,075,301,110
We
appears
(including this city) the totals
gain of 4.9% and in the Philadelphia
a
District
District the totals
clearings at this
decrease of 0.6%.
District
loss of 0.2%, but in the Boston Reserve District
a
Reserve
Outside of this city there
the bank
located and from this it
are
York
the totals show
of
SUMMARY
6th Atlanta
Ten cities, five days
Other cities, five davs
The
show
the week
increase
an
4.4
170,480,642
St. Louis
Cleveland
of
having recorded
In the
9.7
313,475,430
212,638,152
Kansas City
to
was
—
they
New
+ 12.8
554,000,000
..
.
center
2.8
—
327,216,596
_
increase
an
Cent
$4,904,001,204
Boston
Total
avail¬
5.7%, the aggregate of clearings for the whole country
was
507,932,949
Philadelphia
the
not
are
the
able to give the final
are
Per
$4,764,953,856
_
Our
which
the week
as
statement, however, which
965 in the same week in 1946.
TELEGRAPH
1947
New York
on
much
as
the cities according to the Federal
Reserve Districts in
by
week.
having amounted to $12,988,274,011, against $12,291,975,CLEARINGS--RETURNS
cities,
next
complete results for the week previous
ended Feb. 8.
comparative summary for the week
Week Ending Feb.15—
All
of
975
CLEARINGS
covered
Accordingly, in the above
press.
present further below
we
and
At
follows:
Chicago
issue
our
Saturday and the Saturday figures
In
last
week
in
appear
week
the last day of the week in all cases has to be estimated.
$11,337,040,548
week
same
States
clearings will
corresponding
Our
year.
BANK
us,
ago.
*.<
of
January—
1943
1942
1941
1940
31S527
$
$
$
33,610
28,943
23,293
18,403
16,937
14$685
2,622
2,350
2,068
1,809
1,854
Boston
1,539
1.451
1,962
1,870
1,649
1,605
1,435
1,385
1.128
Philadelphia
3,782
3,261
2,944
2,759
2,504
2,517
Louis__
2,039
878
811
758
642
571
440
389
Pittsburgh-
1,117
1,066
1.12ft.
1,087
961
859
712
San
561
1,628
1,478
1.341
1,184
1,020
898
700
7
1,816
1,072
—
1,036
St.
-
14467
3,002
Louis
665
New
York
Chicago
_
__
Fran..
Baltimore
836
765
12th San
719
650
570
409
576
551
498
431
388
304
1,042
957
851
732
614
467
1.190
1,004
977
933
819
720
549
1,005
875
657
621
480
425
314
293
489
447
434
365
331
269
209
1,219
1,532
1,684
1,381
952
682
507
City_
following compilation covers the clearings by m onths since Jan. 1, 1947 and 1946:
189
1,416
The
Y.
456
Minneapolis
N.
410
Cleveland..
184 cities
269
1,305
Outside
343
699
Kansas City
Francisco
Total
_
Cincinnati-
N. Orleans-
Detroit
We
...
add
now
.
our
detailed
504
statement
MONTHLY
-Clearings,
Months—
$
showing the figures for each city for the month of January
1947
First Federal Reserve
1946
S
District—Boston—
Me.—Bangor—
7,662,326
Portland
16,286,015
1,870,456.219
7,401,169
DeC" ^
5,988,206
18,333.975
Fall River
Month of January
Inc. or
.
1,962,496,695
Mass.—Boston
62,829,858,117
January
—■—
.
Clearings at—
6,173,068
+28.0
'
—
New Bedford
4,540,822
4,931,978
+35.6
2,246,337
+
6.6
2,310,912
+25.4
6,653,554
+22.9
20,712,129
22,625,228
19.703,235
+14.8
14,592,475
104,310,005
87.097,774
+19.8
New Haven
72,663,115
45,820,296
37,931,403
+'20.8
Waterbury
29,747,597
10,605,400
10,496,900
+
1.0
7,670,200
116,145.100
101,514,900
+14.4
85,246,700
5,220.236
4,328,446
+20.6
3,481,072
2,197,198,857
+
6.8
1,920,225,413
1,8'65,054,811
1945
$
+ 32.8
3,028,241
+
1.6
320,329,625
+
3,377,469
399,694,891
1,312,022
+19.9
-
+ 27.2
4,485,852
2,912,354
Inc. or
Dec. %
1,459,206
405,907,668
2,942,613
2,346,414,516
1,855,927
15,781,755
6,315,954
(14 cities)
3,722,831
$
1,605,111,673
4,452,095
2,291,112
2,360,239
5,234,215
21,403,297
12,218,834
76,353,946
28,034,370
7,539,300
77,396,000
3,155,144
25,051,770
Total
$
15,701,867
7,920,188
N. H.—Manchester
peb. 8 for four years:
1946
1,649,726,660
30,789,714
I.—Providence
1944
1947
26,715,645,414
31,302,165,016
4.9
+
Worcester
R.
the week ended
and
Inc.
959,042
1944
$
884,496
3,099,614
325,611,976
6.6
941,320
1,110,337
"¥40406
"+29~5
~389~603
~472~305
1,291,504
5,607,314
+ 17.5
1,212,676
1,208,246
6,382,690
+ 13.8
4,512,268
4,425,529
4,075,777
8.6
23,884,984
20,116,929
4,168,902
2,965,069
13,562,621
10,819,218
8,181,827
+
32.2
2,807,073
15,843,902
5,617,803
27,889,800
20,936,300
+
33.2
15,951,400
1,399,023
"
699,525
1,517,869
1,207,117
1,094,615
490,475,202
467,687,960
+ 18.7
4,481,361
+10.3
619,713
16,721,800
547,249
4.9
372,212,666
374,833,976
+
Second Federal Reserve District—New York—
N.
Y.—Albany
Binghamton
89,143.705
11,001,779-
Buffalo
337,858,697
Elmira
6,549,009
Jamestown
57,039,976
11,123,432284,034,502
5,025,501
7,346,793
5,842,938
New York
31,527,693,101
33.610,006,978'
Rochester
79,233,980
Syracuse
49,365,254
,
Utica
+
10.9
291,147,995
65,380,402
56,038,534
+ 16.7
53,011,703
66,609,488
1,346,983
1,071,314
1,110,043
+
25.7
988,393
+
36.1
915,483
1,139,861
825,938
0.6
6,208,244,515
13,769,654
10,610,875
4,641,710,877
10,969,883
5,238,895
+30.3
71,580,514
4,916,097
53.527,601
4,870,640
10,709,815
+25.7
5,782,110
5,967,071
1,510,450
6.2
28,943,152,057
23,293,346,266
7,122,830,570
69,157,490
+14.6
61,222,275
54,364,557
18,075,468
40,721,453
+21.2
31,365,780
29,739,742
5,403,385
10,349,261
—
8,131,547
+11.6
6,859,171
43,458.879
44,775,571
—
2.9
3^,618,819
—*
5.6
2,020,549
+22.2
125.309,951
2.660,545
2,818,716
172,695,691
141,280,412
219,941,394
198,740,433
+10.7
185,085,931
29,932,204
1.841,939
115,556,340
172,546,205
7,157,413
5,653,581
+26.6
4,413,615
(14 cities32,563,177,955
34,484,352,530
5.6
29,777,894,606
24,071,428,326
11,085,940
7,165,812,138
16,406,776
8,736,701
8j49~056
—
+
10.2
+ 18.5
"+32.8
7~86~1~513
1,113,114
7,~195~272
4,632,329
J.—Montclair
Newark
Northern
N.
J
Oranges
Total
2,843,749
5,679,275
1,383,198
5,520,694
8,556,052
283,671,751
+56.3
9,071,715
Conn.—Stamford
N.
3.8
8,355,986
10,318,587
2,564,767
+
1.1
+18.9
—,
—
746,602
655,393
+
13.9
392,369
-296,170
39,241,971
32,183,000
+
21.9
26,382,869
21,584,284
4-5,821,522
+
7.2
38,823,874
36,303,357
02
6,368,063,721
4,798,507,833
49,098,833
7,333,220,044
or
Deo. %
4.2
+
1946
c/c
+12.6
Springfield
Conn.—Hartford
60,325,652,392
^
3,948,555
Lowell
Clearings Outside New York1947
Inc. or
Dec.
Week Ended Feb. 8
1945
3,135,629-
Holyoke
1946
1947
•
CLEARINGS
Total All
7,349,067,831
+ 17.2
;;nf|gg|f++^
'iff
THE COMMERCIAL &
176
!*/
'-y
J-Vt 1
Monday, February 17, 1947
FINANCIAL CHRONICLE
r.
Week Ended Feb. 8
Month of January
Dec. %
$
S
District—Philadelphia-
Third Federal Reserve
Fa.—Altoona
Norristown------
Philadelphia-
760,711
+ 44.5
573,755
4,580,126
941.738
814.643
+
15.6
1,239.469
991,249
1,009,633
769,828
+
31.2
813,560
644.384
2/718",il7
2~593,252
"+*~4~8
1,815*465
M~8~5~2i7
718,000,000
+ 11.8
623,000,000
493,000,000
2.549.767
+
53.3
3,398.561
4,415,618
+
21.1
12.888.808
13.107,815
+
15.4
7,470.778
6,929,743
3,499.044
+
0.5
2,513.161
2,361.820
3,711,249
+
30 2
2,837,541
2,690,838
16.0
2,944,000.000
2,759,000.000
7,159,501
11,863,891
803,000,000
2,396,919
1,917,037
+ 25.0
1,423.528
919.429
4,425,735
3.422,371
+ 29.3
3,170,300
2,083,178
6,221,879
2,130.849
1,966.679
+
8.3
1,295,985
1,304,657
4,119,765
1,843,430
+ 123.5
1,810.142
1,357,430
+
3,261,000,000
+
24.2
7,750,782
15,692,160
+
25.4
8,351,488
+
14.7
13,619,350
6,450,980
9,898,895
+
68.9
8,199,869
1,029,018
+
44.4
768,042
8,671,388
794,408
3,116,333
HSS-Ki
4,5 87,907
5,439,704
—15.7
3,679,916
30,343,255
+ 10 0
22,597,315
t6,656,345
t5,895,231
-3,363,785
24,411,288
Del.—Wilmington
20,448,000
+
36.8
18,887,400
4,923,264
8,020,000
27,969,5^2
25,673,800
N. J.—Trenton
3,063,609,176
2,881,729,247
826,770,752
740,107,956
Hazleton
District—Cleveland—
Cleveland-Columbus
—
Hamilton
699,602,036
1,190,271,250
108,413,500
4,879,243
YounKStown
"
Newark
Toledo-———
County
19,000,771
28,289,451
16,994,014
3,355,937,457
Fifth Federal Reserve
+ 29.7
3,480.809
19.3
124,121.527
86,380,601
192,575.922
153,263.903
15,803,900
13,265,000
17,091,281
498,953,123
150,913,926
126,506,619
+
977 ,509,393
933,988,394
233.668,354
202,132,635
76,,359,900
78,166,500
22,738,700
20,831,800
9.2
3 ,507.293
3,213,773
3,857,206
1 ,613,118
1,441,496
18,,222,668
+
10 ,022,060
8.878,945
3,786.415
3,127.680
+
21.1
2,542.604
2,143,937
15,,621,749
14,599,444
5.026.957
4,558.076
+ 10.3
3,229,599
3,003,899
8,,716,226
7,295.024
43 ,414,930
38,375,534
J,481,808
831,052
1,252,697
241,563.739
221,974.715
+
3.8
244,212.133
192,895.207
662,992,703
583,210,077
+ 13.7
585,971,494
454,166,323
1 ,590,563
1,123 ,666,288
1,087,779,720
11,,930.340
13,587.536
+20.9
+ 12.0
+15.0
17,,406.093
23,,695,759
14.534.943
11,,479,503
10(671,429
14.9
2,397,164,897
2,754,793,159
4.8
+
2,921,172,933
+
22,938.074
1—
District—Richmond—•
2,404.669
1,448.888
21.8
887.888
1,973,973
+
39.476,000
33.144,000
+
19.1
31,015,000
27,059,000
9,065,000
7,024,000
+ 29.1
6,269.000
6,766,000
497.592,537
426,534.856
+
16.7
379,911,448
328.309.537
99,254,160
82.397.600
20.5
71.424,399
76,203,039
Richmond
9,599,536
3,153,543
2.810.275
+ 12.2
2,502,983
2,420,613
189,464.040
1727556,430
~+~*9~.8
15O725+479
1377262_, 4 68
+ 16.7
8,568,075
9,995.846
Va.—Huntington
Va.—Norfolk
5,381,1)0
6,242,190
15,047.242
Columbia
12,086,127
+ 24.5
11,762.036
25,547,478
S. C.—Charleston
21,665,305
+
17.9
18,219,764
13,908,720
719,5)3.656
650.505.331
+
+
9.2
3,437,433
3,015,370
+
14.0
2,033,743
2,022,057
282,970,821
257,680,198
+
9.8
189,877,446
173,124,160
67,330,358
53,994.167
+
24.7
50,695.016
42,184,217
1,710,165,637
1,528,560,749
+
11.9
1,358,575,283
1,209,909,501
370,671,770
320,756,495
+
15.6
282,59+770
265,724,225
Frederick
C.—Washington
Total (8 cities).
Sixth Federal Reserve
765,866,318
836,093,280
Md.—Baltihiore
D.
5,200.800
507,508,346
+ 15.6
4,078,552
551 ,577,962
+ 17.2
15.719,073
25.248,887
14,779,439
Oil City—
3,461,100
643,603,304
+ 11.7
+18.9
+24.7
15,069,173
Ky.—Lexington
5,239,612
+ 12.9
+ 38.6"
+29.2
+41.5
1,066,763.878
w. Va.—Wheeling
W.
1,844.651
1,252,237
17,658,440
Erie
Total (17 cities).
+53.8
+29.8
+ 28-5
1,561,302
1,117,436,571
Greensburg
Pittsburgh
+18.4
+29.2
+26.0
2,345,265
13.215,005
19.579.598
12,107,406
44,124,276
3,607,392
17,147,716
25,154,513
15,645.4 76
62,415,364
2,192,452
Lorain
Mansfield-—
+26.8
+21.4
50,239,481
576,164,751
1,004,942,423
83,903.800
3,873,580
25,667,966
Cincinnati
pa,—Beaver
+ 16.3
3,407,121,461
3,963,522,931
Ohio—Canton
521,472
2,727,568
4,005,132
16,722,012
Feurth Federal Reserve
$
46.2
10,360,452
Bois-:::::::::
Total (16 Cities)
1944
30.0
3,309.908
Wilkes-Bar re—
York
$
/£
+
iwrnw
scrantonT:::::::.---
1945
or
+
12,872,271
Readine
1,038,927
Dec.
16,568.752
20,062,963
12.084,648
3,517,099
4,831,016
3,782,000.000
Lebanon
$
10,472,594
5,074,358
—
-
Lancaster
Inc.
1946
$
$
3,737,943
£.237,607
Chester
Harrisburg—I
1947
$
1944
1945
3,258,999
J'JS'S?
Bethlehem
du
Inc. or
1946
1947
Clearings at—
District—Atlanta15,519.454
71,350.497
57.853,164
+
19.8
Nashville
263,810.029
207,998,363
+ 26.8
187.765,834
169,179.283
55,073,694
44.280.768
+
24.4
42,745.449
42,842,253
Ga.—Atlanta
924.000,000
765,000.000
+ 20.8
726,000.000
598.800.000
187,700,000
161,200.000
+
16.4
152,400.000
142,200,000
+
2,393,871
Tenn.—Knoxville
+ 23.3
69,397,265
48,365,773
14.264.767
17,082,231
10,724,916
Augusta
17,447,499
13,626,810
+ 28.0
12,498.496
10,160,695
3,656,990
3,136.107
16.6
2,457,018
Columbus
14,920,993
11,663,535
+ 27.9
10,571,319
9,178.199
+ 33.4
9,752.356
7,320.) 06
3,589,836
272677939
"+*58.3
1.988.294
27445.403
74,326,275
62,015.459
+ 19.9
52,016,797
47,147,199
777240.764
6378*5*5*456
"+2T.0
6071037700
15787*77385
17.5
5,149,110
12,621,080
9,463,733
350.438.940
308.044,594
+ 13.8
250.727,626
203.124,077
28,107,302
19,133,944
+ 46.9
19.015,365
16,183,939
372.612,047
289,966,877
+ 28.5
265,447,975
238,759,152
25,854,052
20,728,946
+ 24.7
23,800,726
20.826.560
14,372,033
10.588,729
+ 35.7
9,883,862
8,451,105
16.450,000
14,702.000
+ 11.9
14,132,000
12,493,000
Macon
Fla.—Jacksonville
Tampa
Ala.—Birmingham
Mobile^
—
Mongomery
Miss.—Hattiesburg
+
5,196.268
6,106,440
4,914,786
13,704,495
30,009,958
26,217,699
+ 14.5
21,524,905
Meridian
5,461.287
4,369,318
+ 25.0
3,345,081
Vicksburg
1,674,127
1,486,503
+ 12.6
1,411,199
1,523,164
412,634
354,790
260,362
304.346
489.501.941
447,517,361
9.4
434,269,509
365,596,523
107.609,601
96.175,286
86,979.738
95,236.896
2,638,631,785
2,208,362,081
+ 19.5
2,059,543,518
1.732,049,950
532,798,465
452,746,840
17.7
419,619,922
400,087,055
1,468.776
913,587
+ 60.8
702.936
613,245
8,214,540
6,728,654
Jackson
La.—New
Orleans
Total (16 cities)
+
2,883,879
.
+
>—
4,014.132
1,219,322.061
+ 316
2,860,441
2,615,217
1,416,438.660
+ 16.2
1,532,117,321
1,684,575.154
Flint
15,234,081
10.310,788
+ 47.8
7.867,804
7,336,050
Grand Rapids
Jackson
38,920,021
3+283,289
+ 24.4
26,580,403
24,187,186
6,215,551
26,311.934
5,618,026
+ 10.6
4,780,388
5.163.878
18,895,821
+ 39.2
Mich.—Ann
5,282.397
Arbor
Detroit
Lansing
16,056,380
18,354.772
7,915,677
+
18.7
8,431,838
+
11.5
4,489,350
31.8
21,464,413
16,282,417
36,909,241
211,128.644
21,180,783
30,782,261
+ 19.9
25,684,438
+ 31.1
144,402,837
129,282.689
16,732,194
+ 26.6
15,499,008
16,760,536
8.072,399
56,038,557
47,413,431
+ 18.2
47.932,513
35.578.023
11,341,556
10,483,689
16,229,405
13,260,098
+
22.4
10,972,248
3,130.217
2728374 10
29,907.000
23,69*l700O
103.5
3,480.397
4,302,785
8.2
11,529,377
7,248.443
357oT27l97
277o83,007
+
3,967,408
Terre Haute
Wis.—Madison
43.8
~+36~0
24.688,558
161,071,703
9,820,246
Gary
Indianapolis
South Bend
14,767,081
14.437,429
199,565,678
+ 11.3
168,709,417
168,226,242
Oshkosh
3,744.901
3.015.682
+ 24.2
2,979,994
7,073.965
6,542,793
+
8.1
4,736.158
5,116,110
3.557,241
50.90l7o00
37,TlToOO
54750+751
+
+
"+27.1
2,892,447
Sheboygan.^
4,547,457
Milwaukee
I
222,199,232
Watertown
Manitowoc
I
471527420
2,41+795
4,654,798
+
3.6607824
4,9*167325
5,424,435
4.3827065
+
7,806,035
5,263,673
9,392,644
5,869,041
Muskegon
Bay City
Ind.—Ft. Wayne
22.1
"+3473
1,068,602
1,259.598
City
Ames
HI.—Aurora
Bloomington_
Chicago
Decatur
+ 17.9
878,092
42,889,948
828.663
3,346,040
2,424,509
2,544,108
2,687,046
15,890,230
11,788,512
+ 34.8
10,582,975
10,195,311
3,120,676
2,561.065
122,105,442
56,977.440
1,710,054
92,986,215
+ 31.3
71,448,698
65,286,834
24,945.940
19.784.698
37,947,727
+ 50.1
32,850,695
32,443,659-
9,034,954
10,508,568
1,444,725
+ 18.4
950,923
960.097
4,928,531
4,390,986
3,002,207,434
13,333,563
3,985,724
+ 23.7
3,596,160
3,307.848
3,672,828
+ 19.6
2,627.142
2,429,920
1,127.844
883,524
27.7
571,214
436.075
2,322,871,906
+ 14.5
2,350,639,150
2,068.462,598
635,757.974
563,781,862
+ 12.8
493.592.159
367,476.607
10,580,207
+ 26.0
8,750,645
7,856,022
+
22.8
1,733,789
1,228.371
+
18.0
6.675,434
4,497,838
,
Iowa—Cedar Rapids
Des Moines
Sioux
•
+ 38.0
2,646,249
Peoria
43,945,998
33,506,760
+ 31.2
32.784,396
25,702,931
9,194,060
7,790,885
18.287,781
12,641,215
+ 44.7
10,124.513
9,742,005
4,043,722
10,249,767
1,200,654
+ 32.5
8,807,262
8,254.520
1.557.381
+ 29.7
1,006,745
5,423,156,219
4,643,659,075
+ 16.8
4,576,399,123
4,399,S81,260
1,072.202.775
878,334.632
+ 22.1
811,535,694
758.664,319
9.741.477
+ 24.5
7,836.367
1.815.912
12,408,722
7,606,346
6,200,802
27.5
2,102.330
1.599.367
+ 22.5
2,087,549
1,522,201
15.9
627,753,743
468,376,005
+
3,172,118
5,843,700
+ 22.1
2.861.521
16.904,777
897,085
Springfield
13,582.221
Sterling
Total (31 cities).
21.9
26.1
+
2,154,300
Rockford
+
+
—14.0
3,071,457
2,507,732
837,478,333
722,760,103
+
Eighth Federal Reserve District—St.
•
Mo.—St, Louis.
156,300,000
+ 36.4
176,300,000
240,400,000
158,300,000
1,376,773
7,824,256
1,127,207
886,807
878,588
Kv.—Louisville—
491.211,303
398,589,747
+ 23.2
379,442,629
324,855,231
111,897.080
85,633,380
80.598,935
59,291,576
Tenn.—Memphis.
377,590,482
269,135,691
+ 40.3
240,525,9)3
211,731,146
81,197,301
55,301,383
42.459,275
44,980,298
HI.—Jacksonville.
•1,436,040
946,532
+ 51.7
699,190
618,516
5,016,000
17631,870
1724+587
Quincy
Total (7 cities).
7,593,660
5,248.38+
+ 44.7
4,423,983
1,961,152,510
1,561,206,449
+ 25.6
1,445,350,583
31.1
I7022".243
"*8*5*2*,000
+ 36.6
280,380,452
263,423,874
+ 14.9
6.1
3,538.933
141,334,105
107,388,397
+
1,307,608,500
435,126,251
318,479,350
4,802,238
178,478,547
190,136,463
66743*0*,977
517807,127
"+28.2
41,767,445
43,337,819
4,650,366
3,061,579
+ 51.9
3,481,783
2,865,482
2,558,829
1,518,409
+ 68.5
1.273,431
1,085,951
ederal Reserve District
Minn.—Duluth
Minneapolis
® Rochester
Of
St.
2,471,924
2.532,792
333.441.176
244.657,735
+ 36.3
2,781,631
+ 15.0
214,006,234
2,764,266
216,063,389
*3,200,000
941,208
692,946
+ 35.8
582,681
521,702
27,633,368
19,238,579
+ 43.6
3,189,000
+ 18.8
17,070,775
2,916,000
14,971,357
3,789,000
3,847,619
2,859.365
+ 34.6
2.578,562
9,992,093
16,093,258
+ 47.9
26,430,488
+ 64.2
2,229,884
7,790,277
14,742,875
1,768,852
6,790,834
7,482,404
24,570,111
6,347,239
13,378,039
*2,400,000
22,448,937
Fergus 47 UJU
«8UO Falls.
/
D.—Fargo
Grand Forks..
Mlnot-...-—
S, D.—Aberdeen.
14,774,118
Falls.
Huron—
Total (16 cities)—;.;—.—
7.6
45.0
9.001,585
+
9.771,633
+ 19.2
36,745,223
27,235,378
+
34.9
4.178,493
—
2,536,028
2,661.000
1,642.000
5,358,065
7.4
346,885
1,129,576
"+29.3
47696*529
3773~7~578
+
2,425,837
2,605,004
7.027.868
1,144,067
776,463
+ 47.3
541,302
1,248,080,514
,+21.2
980,355,044
937,540,388
57976,515
7,729,492
464,167
1,512,583,499
Lewistown.
*
+
13,055,599
Falls-
Helena
'
+
11.640,339
Mont.—Billii
lings.
r
3.452,201
2.597.816
'Dn 1,1
Great
621.465,596
+ 25.3
Paul.
Sioux
17,52+393
657,520,206
3,379,525
*
N.
16,757,741
27.4
20,484,377
875,697,062
Winona.
+:
+ 14.2
23,396,752
1,005,899.857
4,235,685
...
......
.
• .y .
H
4»
••
•
••
259,104,423
267,255,452
ihj
-■
?
-
-i
t
+
* *
196,439,116
3.1
'
162,997.001;
j
i;-i
Volume 165
Number 4569
THE
.
COMMERCIAL & FINANCIAL CHRONICLE
Month of
Cleariags at—
1947
.1.946
$
Tenth Federal Reserve District- -Kansas
January
Inc.
$
or
1945
1947
Dec. %
Neb.—Fremont
$
1,749,322
1,240,617
+ 41.0
972,368
992,371
28,987,387
482,383,340
21,~359",268
~+~3~5~.7
18~556",317
49,89~9~294
338,609,623
1,269,004
1,562,830
„,T4,922;893
339,653,782
1)144,650
1,300,446
13,969,376
39,206,346
3,886,362
851,621,875
35,033,084
Hastings
Lincoln
Omaha
•
374,336,353
+ 28.9
2,257,470
Jl,515,103
+ 49.0
1,522,523
1)234,104
+ 23.4
26,483,061
11,545,907
38,091,819
5,530,988
+129.4
Kans.—Manhattan
Parsons
Topeka—
Wichita.
.i
50,748,'598
Mo.—Joplin
Kansas City
36,623,470
+ 34.G
3,727,380
1,042,813,458
35)036,621
1,305,209,697
St.
JosephCarthage—
Okla.—Tulsa
49,655,441
+ 25.2
957,721,497
32,079,585
+ 12.1
+ 41.7
2,146,548?
.1,689,034
63,298,017
68,639,868
7,589,648
+
0.3
334,715,734
5,919,587
+
22.7
4,554,639
272,914,142
+20.9
4,554,601
7,157,940
2,463,167,781
1,946,142,595
+ 26.6
1,758,337,251
1945
1944
Dec.*%
a
£■
.280,259
+99.5
445,599
-4,653,277
+ 13.3
85,872,958
+ 17.9
..
221,017
+21.7
169,093
247,943
■,.; 4,399,507
60,004,429
,300,045
...
.
4,095,814
69,824,486
i
mm/iff-— mmm
'l63$86l
10,567,744
4,368,640
9,224,346
260)806334
10,042,744
52,435,000
4,610,983
250,748,210
4,037,723
Pueblo—_L
cities)
559,178
505,012
5,664,083
101,226,440
;
+.29.0
14.6
2,499,036
6,955,277
72,795,691
2087310,509
'+1251
•7,691,349
1827743,401
+ 30.6
ilWTWQ
6,276,596
7,598,720
1,572,022
+ 24.9
7,613,341
410,744,914
Denver-—
1)915,371
79,062,414
Colo.-^-Colorado Springs
Total (15
+ 33.2
7,445,785
___
Week Ended Feb. 8
Inc.or
1946
City—
+
6,936,491
'm-t
1,683,271
I,525"4'87
1,475~707
"+"37i
398,017,154
1,620,111,529
1,652,318
323,974,962
+22.9
L9
+
1.086,883
1,628,475
.^'1,07)8)090
*77867671
274,985,645
262,246,290
-Eleventh Federal Reserve District—Dallas—
T?xas—Austin.
'Beaumont--
26,631,470
13,827,815
22,435,621
+ 18.7
9,247,432
+ 49.5
840,683,591
704,673,560
64,044,858
74,682,501
+ 19.3
_
Dallas—
_
El Paso_
•__•
81,430,183
96,093,037
Ft., Worth
Galveston
20,176,000
685,836,631
;HbUston
Arthur
Port
;Wi6hita Falls
+ 17.4
14,174,000
+"<17.9
520,859,352
+ 20.3
.3,856,248
9.0
—
3,979,635
3,565,887
+ 11.6
35,022,210
La;—Shreveport
Twelfth
+'28.7
(11
cities)
Federal
31,193,111
+ 12.3
27,671,967
1,818,377,486
Reserve District—San
1,523,705,005
+ 19.3
1,345,154,060
5,021,457
+ 16.1
389,421,369
15,251,493
+11.2
16,758,311
13,272,466
+ 26.3
6,862,000
4,757,000
+ 44.3
427,730,336
344,708,357
+ 24.1
10,717,732
Yakima—
4,326,562
444,871,731
16,966,250
Seattle
10,261,021
153,437,880
+
Ida.—Boise
Ore.—Eugene
Portland
Utah—Ogden
Lake Ctiy
Ariz.—Phoenix
Salt
195,410,772
63,692,279
Calif.—Bakersfield
2;474,565
'9ij8*4760O
457040*431
+ 32.3
4,596,000
3,848,000
13,9337536
+ 19.4
l6,90~77€29
3,278,000
3,812,500
17270,666
2*579,798
27099,538
"+*22.9
1,694,527
7,948*942
677*507860
*+1777
578067952
5^35l7609
211,540,080
183,349,164
+ 15.4
144,277,347
114,400,969
91,852] 039
887754^153
+
3.5
3,374,891
82,356,341
3,247,512
+
3.9
>3,591,000
348,819,333
2,305,207
69,929,891
1,652,884
4.4
8,205,236
87,022,467
6,965,176
72,129,757
+ 20.6
74,822,900
59,141,107
+ 27.4
46,205,430
28,093,819
142,208,394
128,828)821
39,813,996
ll,653;i83
15,973,566
38*8*8*3*404
367305,086
"+*2*873
2673337924
227454:633
42,753,218
8,698,817
8,319,022
+! 1
Oi
12776f,7l5
87923,925
7,74o] 889
679*297173
+ 11.7
577427629
3,"8207902
364,774,737
342,965,395
8,811,273
6.4
+12.3
265,684,000
5,924,937
2,963,578
+ 14.2
214,818,251
3,706,079
1,418,401
+ 37.8
14,195,512
39,990,080
+ 97.9
13,488,790
17,399,904
+ 51.6
37,712,939
+14.3
MOdestO
16,293,636
11,848,685
+ 37.5
Pasadeha__J
14,784,630
46,794,702
9,400,037
34,808,121
30,011,946
+ 16.0
9,557,068
1,628,718,793
48,076,908
8,602,298
+ 11.1
1,478,643,389
+ 10.2
34,793,181
+ 38.2
17,122,657
33,403,720
13,769,204
27,472,107
+ 21.6
3,073,570,341
2,656,090,143
Riverside—
'San Francisco
Jo$e
Santa Barbara
Stockton
(19 cities)
+
62,829,858,117
60,325,652,392
Outside New York
31,302,165,016
26,715,645,414
included
•»
•
9,172,317
2,490,729,804
15.7
9,892,906
3,383,095
6,304,560
2,246,461,686
621,927,805
570,730,803
4.2
53,673,338,763
46,098?, 907,434
12,988,274,011
22,805,561,168
5,865,443,441
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in
the different
We give below a record for the week
just passed:
CERTIFIED
FEDERAL
BY
FEB.
7,
1947
RESERVE
TO
Noon
Country and Monetary Unit
FEB.
13,
BANK
1947,
+
TO
TREASURY
UNDER
TARIFF
now
cer¬
+
1930
Feb. 10
.297733"
Free
.251247"
Australia, pound
Belgian, franc
Brazil, cruzeiro
.251247"
Feb. 11
Feb.12
$
$
.297733"
.297733"
.297733"
.251247"
3.209120
3.209120
3.209120
.022800
.022800
.022790
.022796
.054404
.054404
$
.297733"
12,
Bush
.022796
.054404
.054404
Official-
1.000000
1.000000
.963125
peso
1.000000
.965000
.963281
.960546
.570866"
.570866"
Czechoslovakia, koruna
,569800"
.020060
.020060
.020060
.208658
.208658
.208658
4.027421
4.027421
.008408
4.027421
.008408
.008408
.301542
.008408
.301542
.301529
.205726
.301517
.205726
.205761
.205735
377893
.377893
.377893
.377893
General
.208658
Holiday
Feb.
12,
1947
1.000000
1.000000
.960833
.New Zealand, pound
Norway, krone
Portugal, escudo
Spain, peseta
.Sweden, krona
Switzerland, franc
1.000000
.962500
.960416
3.222000
.958333
3.222000
3.222000
.201612
.201612
.201612
.040501
.040501
.040501
.091324
.091324
.091324
.278221
.278221
Holiday
Feb.
12,
63A
.091324
.278221
.233629
.278250
.233629
.233629
.233629
4.007500
4.0075C0
4.007500
.658300"
Noncontrolled
.658300"
.562620"
.658300"
.658300"
.562620"
.561620"
6%
Texas
Date
preferred
including
and
a
common
Page
list of corporate
stocks' called for
bonds, notes,
redemption,
ing tenders, and the
number gives the location in
given in the "Chronicle."
page
were
NOTICES
OF
Company and Issue—
American
American
Aroostook
Berkshire
1st
Co.,
capital
General Corp.,
Valley RR.,
Street
Gaylord
Pacific
TENDER
$2
1st
&
stock
Feb
convertible
ref.
mtge.
preferred
4'As,
13
1st
stock_Feb
21
805
19Gl_Apr
11
»
due
Ry.—
Ry.,
(The), Inc.,
(Walter E.)
1st
due
1947,
as
extended
ref.
mtge.
bonds,
income
rntge.
bds.
& Co.,
5'A%
1953_Mar
3
*
due
lated
1949
1936
preferred stock
Mar
1st
Page
1959-Mar 15
mtge. 4 'A % bonds, series D, due 1962
Union Terminals Co.—
mortgage 5'/2s, series A
mortgage 5s, series B
mortgage 4'As, series C
Mar
1
678
1
334
Mar
Apr
Apr
1
'
H2955
1
70
1
70
Apr
1
Cuban Atlantic Sugar Co., 5%
preferred stock
Feb 19
Empire District Electric Co., 1st mtge. 3 '/2s, due 1969—Mar
1
Houdaille-Hershey Corp., 3% debentures due 1960
Mar
1
3
806
Feb 23
334
Feb
18
809
Missouri
Mar 24
685
Monsanto Chemical
U3137
Mar
mortgage 4s, series A, due 1965
Chicago & Western Indiana RR.—
*
70
335
809
685
Hygrade Food Products Corp.—
1st &
334
Mar
1
806
ref.
mtge.
conv.
6s, ser. A and B, due 194&
Telephone Co., 1st mtge. 4'As,
ser.
Apr
1
685
1
76
Mar 25
*
C, due 1961-Mar
Co., preference stock, series? A
#
stock
20
)68Q
due
Mar 31
680
Feb 20
1956
73413
bonds, series E, due 1977
July
1
Power
bonds, due 1952
& Co., Ltd.,
July
210
539
72287
1
♦
Sep
1
f2&69
Feb
1st mtge. 6s, due 1958
1
27
Mar
■
Co.—
debenture bonds,
(pAf*
1st mtge.
889
Mar 13
5s, due
f
Anytime
§2829
_Mar
1
Apr
1
815
Mar
8
815
1962
5s
;?814
Mar 15
40-cent preference stock
Light Co.—
gold debenture bonds, series A, due 2022
,'255
1
12835
July 1
5s, due 1961
Mar 15
1st mtge. 5s, due 1947—Apr
1
$2490
Apr
Power &
Public Service
Co.,
1st mortgage
Announcement In this issue, tin Vol. 161. §In Vol. 162. Wn Vol.
.
I
■
■
-
'IT'
853
Y27
164.
"
"
1st
1st
I
812
5
Date
Algoma Central Terminals, Ltd.—
5% 1st mortgage debenture stock &
bonds, due
Atlanta Gas Light Co., 1st
mtge. 3s, due 1963
Carolina, Clinchfield & Ohio Ry.—
Page
806
Feb
■
1
Company and Issue—
Cleveland
Date
525
1
due 1947-1962—Mar 15
■
Mar
JMar
PARTIAL REDEMPTION
1st and ref.
.
mortgage 5s (now 6s)
Central
Heller
Book
*•
.
mortgage 6'As
Corp., 5%
debentures, due 1962
Peoples Brewing Co. of Trenton, 1st mtge. 4s, due
those called under sinking fund provisions.
The date indicates the
redemption or last date for mak¬
which the details
(closed)
LaSallo-Wacker
Hofices
Paga
Corp.—
Wisconsin Hydro Electric Co.,
Lackawanna Laundry Co., Inc.—
Below will be found
71325
Mar
Silverwood Dairies, Ltd.,
Texas
Company and Issue—
debs.,
Philadelphia & Western Ry., 1st mortgage
Segal Lock & Hardware Co.—
$2.50 and 1% preferred stocks
.658300"
.562620"
.562620"
serial
debentures
1140 North La Salle Corp.,
•Nominal rate.
1st
1
Apr
Any time
Northern New York Utilities, Inc.—
1st lien & ref. 6% bonds, series
B, due 1947
O'Gara Coal Co., 1st mortgage 5s, due 1955
.278221
.233629
4.007500
Uruguay, peso—
Controlled—
727
Separate
series A, due 2022
New York State Electric & Gas
Corp.—
1st mortgage 33As, due 1964
5.10% preferred stock
.040501
4.007500
Union of South Africa, pound-
debenture
Nebraska
.201612
1947
Utilities
convertible
Lindsay (C. W.)
3.221833
.201612
.040501
.091324
725
1
Harborside Warehouse Co., Inc., income bonds due l973_Mar 12
International Paper Co., ref. mtge. 6s, ser. A, due 1955-Mar
1
International Telephone & Telegraph Corp.—
1.000000
.961875
3.222000
■■
8
Mar
preferred stock
Ltd.,
Great Northern Ry.—
4 'A % gen. mtge. gold
.008408
1.000000
Breweries,
Public
4'A %
4.027187
4'A %
Free
6%
1st mortgage 3'As, series A, due 1974
Cornell Wood Products Co., 6% preferred
Newfoundland, dollar—
Official
Co.,
724
■724
■
Central Ohio Light & Power Co.—
.301517
205743
.377893
Terminal
Canadian
.020060
.208658
4.027421
Netherlands, guilder
.'724
1
'
.571400"
.020060
Denmark, krone
England, pound sterling
Prance (Metropolitan) franc_
India (British), rupee
Mexico, peso
7*24
Mar 24
Co., 1st mtge. 5s, due 1951
Canada Electric Co., Ltd.—
1st mortgage 4'/2s, series A, dated 1940
1.000000
.964453
.571400"
•688
1
Mar
Butte Electric & Power
.054404
1.000000
Free
Fag«
Date
of
Trustees of the
Roman
Catholic
Schools for the City of Sarnia, debentures.-
3.208953
1947
"y-rf.f-
CALLED
Ry.,
Board
.251247"
Holiday
Feb.
Canada, dollar—
Colombia,
ISSUE
1st mortgage 5s
Aluminum Co. of America, 6% preferred stock
Beauharnois Light, Heat & Power Co.—
1st mortgage
4'As, due 1973
Feb. 13
.251247"
3.209120
3,820,738,327
Company and Issue—
$
Official
.
Feb. 8
8,462,449,204
4,470,588,132
ENTIRE
Buying Rate for Cable Transfers in New York
Value In United States
Money
Feb. 7
10,678,832,647
Properties, InCi, 5% debentures, ser. A, due 1959-Mar
1st mtge. 3%s, due 1965
Mar
Royal Crown Bottling Co., of Louisville, Ky., pfd. stock-Apr
Toronto Housing Co., Ltd.—
1st mortgage 5s, series A, due
1953—4
__i_Apr
Wheeling Steel Corp., 1st mtge. 3'As, Series'C, due 1970-Mar
INCLUSIVE
peso—
5.7
4,311,764
Richmond Terminal Ry.,
Algoma Eastern
Argentina,
390,177,307
Retail
countries of me
OF
482,925,467
Company and IssueDate
Narragansett Electric Co., 1st mtge. 3s, ser. A, due-1974_Mar 1
Oklahoma Natural Gas Co., 1st mtge. 27/8s, due
I
1961—Apr
Poli-New England Theatres, Inc.—
1st mtge. bonds, due 1958
—Feb 26
countries of the
ACT
9.0
+ 14.4
5,126,163,826
Reserve Bank Is
0.1
1,989,828
5,033,986
—
12,291,975,965
24,730,186,706
+
World.
RATES
+
6,305,854
+ 17.2
Pursuant to the requirements of Section 522 of the Tariff Act of
1930, the Federal
EXCHANGE
•
8;378,883
19,722,394
Foreign Exchange Rates
FOREIGN
-
20,413,038
6,157,154
1,184,683,074
21,832)015
totals.
in
mm' "•
— m.
25,081,685
-7,499,059
1,341,396,843
30,003,321
10.842.785
27,510,921
+ 24.4
Grand Total (184 cities)
tNot
2,721,332
IieiCo'oo
8,025,593
8,411,577
2,909,000
314,321)556
26,373,948
"Estimated.
+ 28.6
"+12.9
3,714,247
387,732-878
11,975,444
11.497.784
43,090,803
Total
5,143.335
1507467,000
19^89471
1,077,239,077
3,705,460
393,934,300
+ 14.2
Berkeley
Long Beach
San
6,616,169
169,910,000
Francisco—
Wash—Bellingham
,
10,797,806
8,989)162.
482,244)050
44,207,102
57,417,746
14,270,000
424,536,558
4,284,379
6,155)137
2,591,159
21,745,978
,7,534,063
.3,320,712
Texarkana
Total
27.1
+
17,187,000
581353,946
4,151,479
10,669,610
4,992,258
9,704,656
16,539,424
11,603,375
617,638,439
54,316,331
67,640,149
•
Condition StatementofMemberBanks
The condition statement of weekly reporting member
banks of the Federal Reserve System in 101
leading cities
shows the following principal changes for the week
ended Feb. 5:
Decrease of $185,000,000 in loans and
$478,000,000 in demand deposits adjusted, and an increase
of $140,000,000 in United States Government
deposits.
Commercial, industrial, iand agricultural loans in- |
$30,000,000 in New York City, $16,000,000 in the
San Francisco District, $13,000,000 in the
Chicago District
and $74,000,000 at all reporting member banks.
Loans
to brokers and dealers for purchasing or carrying United;:
States Government securities declined $199,000,000 in
New York City and
$207,000,000 at all reporting member
creased
banks.
Holdings of Treasury certificates of indebtedness de-«
-
Monday, February 17, 1947
CHRONICLE
COMMERCIAL & FINANCIAL
THE
978
redemption of
$85,000,000 in New York City, $36,000,000 in the Chicago District,
$33,000,000 in the San Francisco District, and $25,000,000
dined in all. districts,
reflecting the partial
were
the principal decreases
maturing series;
,a
Holdings of Treasury bills
Increased $116,000,000. Holdings of United States Gov¬
ernment bonds increased $54,000,000 in New York City
and $28,000,000 at all reporting member banks, and de¬
Philadelphia District.
in the
Louis District.
declined $212,000,000 in
New York City, $79,000,000 in the Chicago District, and
$478,000,000 at all reporting member banks. Time de¬
posits increased $26,000,000. United States Government
deposits increased in all districts.
Borrowings declined $25,000,000 in New York City,
$14^000,000 in the St. Louis District, and $44,000,000 at
Co
of America, common
$3.75 preferred (Initial quar.)
Aluminum Industries, Inc.
(quar.i
American Brake Shoe Co., com. (increased)
5 +4'+
preferred
(quar.)
American
Chicle Co.
(quar.i
American Cities Power & Light Corp.—
$2.75 class A (opt. div. series 1
of 1936
Alloy Cast Steel
District.
liabilities of reporting
of the assets and
Increase
(+) or
Since
Feb. 6,
1946
Decrease (—)
Jan. 29,
Feb. 5,
1947
1947
Assets—
55,567
16,589
and investments—total
Loans—total
Commercial, Industrial, and
loans
Voting
50c
loans
561
426
1-602
172
2,336
«
bills
Treasury certificates of
Treasury notes
Tf. 8. bonds (Including
obligations)
Earcalo
-f
Indebtedness
securities
Federal Reserve
vault
Balances with domestic banks
1,195
4,805
—
Birmingham
283
9
14
—
40
4
_
58
36
32
—
208
—
26
19
2-28
2-20
41V4C
3-
1
2-20
1
2-18
—
Water Works, 6%
iquar.)
Burkart
—Incr.
fund
Redemption
"
Total
Since—
Deer.
Feb. 13,
332,362
392,966
637
Discounts and
advances
loans
1,735
—
26,393
14,646
—
18,049
—
1,114
—
4;
4-
590,328
4-
4-114,251
4-
282
—
1,738
—
284,732
Certificates
-
2,704,535
-1
914,427
—
4-106,000
—1,046.400
355,300
Notes
Bonds
i.
193,502
—
753,390
23,802,893
securities
and
loans
Total
4-390,732
4-
550,206
24,196,496
4-504,987
-f
531,043
8
—
Due from
foreign banks
F. R. notes of other banks
Uncollected
Bank
102
127,057
2,399,812
Items
14,069
—
4-152,616
4—
M88
4-
44,957
Other assets
10,613
—
32,316
premises
assets
—
446,380
990
17,849
+ 1,523,645
4-616,891
45,706,403
Co.,
Class
A
-
Deposits
ft,...
JX Member bank—reserve acct.
acct.
V, 8. Treasurer—gen,
Foreign
;+v
.,
Other
Total
■'!
—•
deposits
—101,087
1,710,853
+548.864
,
+
250,186
+*300,703
+
846,813
79,561
—
223,992
+154,408
—
11,631
—
411,681
+522,624
+
911,893
69,606
+
272,837
885
+
+
11,882
+
,
it;
'••feu
4
,
-
*
+615,631
45,017,886
.
194
439,823
'Surplus (Section 13b).
27,455
Other capital accounts
32,197
Total liabilities & cap. accts.
JKatlo
of
aerves
:
note liabilities combined
Contingent
liability
purchased
Commitments
45,706,403
+
616,891
for
on
—
27
3,411
+1,523,645
0.2%
bills
make
88
+
i
10
—:
M
,4
'
Mary
(C.
Dutton
H.)
4-21
4-21
$1.25
3-15
2-15
Master
7
2-11
Mathews
+
7,063
H
'
,!■
/
+
6,581
'
h
*
*1
»
v
3-15
3-
3-
8
Metal
2-28
3
2-20
4-
1
3-20
Mission
2-24
Monarch
3-
1
4-
1
s-a)__
(quar.i
7
3-
75c
4-
25c
3-15
1
5c
2-20
2-25
2-10
3-14
2-24
National
3-
Nehi
3
2-11
New
3-10
3-
3-31
3-21
preferred
iquar.)
2-24
3-20
15c
3-12
2-25
50c
3-
1
2-21
62 Vic
4-
1
25C
$2.
1
North
RR.
Penn
Ohrbach's,
3-14
Ontario
2-28
4-15
3-21
35c
3-31
3-10
50c
4-
1
3-20
3-31
3-15
3-
3
3-10
4-
1
3-15
75c
3-31
3-13
2-15
2-
$1
8
3 7 Vic
4-
1
3-14
$15c
4-
1
3-
6
25c
3-26
3-
6
$1
3-12
2-18
3-28
3-14
3-15
4-
1
3-
3
2-
50c
4-
1
3-15
5
$1.44%
3-13
4-
6
1
3-
3
3-
3
3-25
65C
2-15
1
2-14
3-
56V4C
(initial quar.)
2-
3-10
"~$1
iquar.)
1
4-
$25c
Orange
$1.31 y4
2-15
,^.3.-1
30c
Natural Gas Co
2-28
3-15
$1
5
3-12
3-20
2-28- %
25c
_ —
3-
3-31
2-28
3-15
4-15
20c
Warehouse
3-
3-12
2-20
1
25c
2-27
30c
3-12'
3-
3-10
(quar.)
1
20c
3-31
J.)
(J.
Northern
5
3-
1
4-
1
$25c
,—
4-
2-28
7
3-
2-21
1
35c
3-15
4
1
3-31
3-
(quar.i
Storage
3
3-
50c
Corp
Terminals
Corporation
3-
5
3-
30c
(quar.i
Corp.
3-15
7 Vic
25c
3-15
50c
2-18
1
80c
75c
3-31
2-28
3-
50c
25c
$19c
2-25
3-10
9 7 Vic
50c
2-25
4-
3-10
20c
$1.75
35c
2-11
1
45c
(quar.i
5-
1
3-15
3-
2-28
35c
Co. (increasedi
New York State Electric & Gas Corp.—
5.10%
preferred
Niagara Wire Weaving Co., Ltd. iquar.1 —
North American Co., com. (stock dividend 1 —
One share of Pacific Gas & Electric Co.,
common for each 100 shares held
$1.25
3-15
(quar.i
Works, 8%
Bedford
Newberry
J25c
3-1
2-18
2-20
2-13
35c
3-15
2-28
Pantasote
50c
3-11
2-21
Parker
3-
1
2-21
50c
$3.60 preferred
Packard Motor Car Co.
Corporation
Palace
Company
1
2-21
Parker
5
2-20
15c
2-28
2-14
Pepsi-Cola Company
Petroleum Exploration,
1
3-31
1
6-30
5-
I
3-31
8-
1
6-30
5c
3-
7
2-21
$1.75
3-
1
2-11
$1.50
3-
1
2-11
15c
28c
3-
1
2-15
2-
6
15c
(quar.)
3-15
50c
(s-a)_
3-24
3-
3-14
CO
1
8
CO
17 V2C
.
3-
1
2-20
IIV2C
(quar.)
6-
1
5-20
IIV2C
9-
1
8-20
IIV2C
12-
1
11-20
20c
3-
1
2-20
1
2-20
•3-1
5%%-pfdm(s-a)
4-
1
3-21
CO
$2.75
Corp., $6 preferred-
(Cash on
pfd. - stock)
$1.50
H
2-18
•
Pharis
Tire
Phelps
.v.-
2-14
&
Corp.,
2nd
$2.50
2-27
2-19
2-27
"2-19
2-15
2-21
'
"3-10
2-25
2-17
62 Vic
Inc.
5%
51/2%
of
2-28
4-10
3-28
3-10
2-24
3-10
2-24
$1
3-12
2-21
3-14
3-7
1
2-20
$30c
•
3-17
3-15
2-22
3-
1
2-20
70c
3-
1
2-18
75c
3-
1
2-18
56V4C
4-
1
3-13
$1
4-
1
4-
87 Vic
4-
13 %c
America—
•
1
3- 7
35c
3-10
2-21
25c
4-
1
3- 3*
-
•
iW
fc-v
+.. •-..«•/.+
I
---
preferred (quar.)
(quar.)
3-47
3-24
62 tie
Packing Co.___
Inc.
3-24"
62 Vic
(quar.)
Brothers,
3-
$1.75
4V2%- pfd. (quar.),—
Service Co. of Oklahoma—
1st
2-28
3-10
12V2c
Utilities Mfg. Corp.—
convertible 1st preferred (quar.),—
Inc., common (quar.i
Corp
3-10
40c
Pressed Steel Car Co.,
$3.50
2-11
2-24
40c
1st pfd. (quar.)
(quar.)—
1
3-15
15C
Prentice-Hall.
preferred
3-
25c
(quar.)
Co., Ltd. nquar.)
preferred
1
17 Vic
(quar.)
3-
$1.75
(quar.)
Preferred
Rath
3-10
50c
preferred
River
Powell
Public
4-1
$1.50
(quar.)
preferred
Polaroid
$3
1
15c
—
1
4-
10 c
—
3-
15 c
Extra
7%
2-28
3-10
90c
Pitsburgh Brewing Co., $3)50 pfd. (accum.),
Pittsburgh Metallurgical Co. (quaf.)
Pittsburgh Youngstown & Ashtabula Ry.—
4%
■'j
Jq.i
2-14
1
Rubber Co
Corp. (quar.)
Dodge
Reeves
0.
1
4-
Extra
Radio
$2
$8 preferred (quar.),,-
Rust-Proof Co
Water, $7 pfd.
2-20
3-
20c
—
4-
60c
(resumed!
Penn State
8-
$15c
15c
3-
3-
5-
3-31
Extra
$1
1:25c
1
$$1.25
(initial quar.)
(initial)
75c
(quar.).
5-
(quar.)__
Pen Co.
1
3-15
Ltd.—
preferred
(quar.)
Otter Tail Power Co. 1 Minn:i—
Common
(increased)
3-15
3-
$50c
$15c
5%
2-18
$1.12»/2
A
Co
(quar.i
Common
1
3-
$2.25 pfd.
Inc.,
Mfg.
Crush, Ltd. (initial)
Ottawa Light Heat & Power Co.,
3-31
$25c
Water—
t
Corp.
Steel
National
3-14
31V4C
$62 Vic
Machine
Finance
15c
1
2-28
25c
Corp
Tool Co. 1 quar.i
Auto Equipment, 5%
pfd. iquar.i_.
75c
3-
3-15
iquar.1
Line,- new. common (initial quar.),
Murray-Ohio Mfg. Co
Muskegon Piston Ring Co
Nashua Gummed & Coated Paper
Nathan
Straus-Duparquet Co., 6%
pfd
National Hosiery Mills, Ltd. iquar.1
National Rubber Machinery Co. (quar.)
1
3-
3-31
5
$37 Vic
,Munson
3-20
i2c
5
2-
Co.
Muncie -Water
2-20
$1.121 '2
1
2-
2-15
Appliance
Monroe
1
3-
$1.50
Corp.
Hat
Copper
3-14
3-15
3-
2-15
(quar.i
Co.
&
3-31
15c
3-15
5c
37 Vic
redeemable pref.
Co.
Conveyer
3-27
25c
2-28
10c
1 interim 1
Ltd., com.
convertible
75c
2-20
3-14
3-10
60c
(increased)
Michigan Sugar Co., 6% pfd. (accum.i
Midland Oil Corp., $1 conv. preference
Minnesota Mining & Mfg. Co
Minnesota & Ontario Paper Co.
(initial!
2-28
3-10
3-
2-25
3-31
40c
7%
3-10
2-27
3-15
Company
Thermit Corp., com.
preferred (quar.i
Metropolitan Edison Co.—
3.90%
preferred
(quar.)
1
4-
3-15
3-15
20C
Merrimac
2-14
2-20
4-15
25c
2-14
1
1
(increased quar.)
2-14
1
2-20
3-
25c
1
3-
1
$ 12 V2 C
(quar.i
1
4-
3-
$1.75
3-
4-
2-28
30c
3-
50c
2-28
3-12
(quar.i
common
2-14
1
2-28
3-12
87 v2c
2-27
3-
2-21
3-12
37 V2c
1
1
3-10
—
3-
$$1.25
-f
2-11
3-
25c
(Wash., D. C.i
3-10
1
(quar.)
(quar.)
%
2-24
1
May McEvven Kaiser Co.
McGrath-St. Paul Co., 30c
-$$1.25
Optional stock ' dividend series
44/1000ths oik. a share, -of
1-20
3-15
iquar.)
preferred (quar.)
Mercantile Acceptance Corp. of California—
1st preferred 6%
series iquar.1
Merchants & Miners Transportation (quar.i
Co
Shareholdings
1
(quar.i
Electric
25c
Wayne & Jackson RR.,
2-15
2-
$1.75
2-11
|25c
Exchange Buffet Corp.
1
(quar.)
2-11
1
.".
Elgin National Watch Co. (quar.),,
General
preferred
1
—
(jgitzsinunons Stores, 7% pfd.
7%
preferred (quar.)
7%
preferred (quar.i
7%
preferred (quar.)
5%
participating class A
5% participating class B
2-15
3-
$1.12 V2
iquar.)
2-28
3-
(quar.i.
Empire District Electric Co. (quar.)
Equitable Fire Insurance Co. (S. C.)
2-15
30C
1
40c
7%
Massey-Harris Co.,
3-
(quar.)
(quar.)
preferred
preferred
2-27
3-
Consolidated Mfg. Co. (quar.i
Candies, Inc. (quar.)
5-20
common
St. Louis & Interurban
2-20
2-28
Lee
5-20
1
(quar.)
preferred
preferred
5%
pfd.
4Vi%
Co.
C.i
(R.
Mapes
2-20
preferred
Common
indus¬
8,162
2-20
3
45c
General Baking Co.,
foreign cor¬
loans
: •
+
Mahon
3
3-
4-1
;
(quar.)
Disston (H.) & Sons, Inc. (quar.)
Dominguez Oil Fields (monthly)
Dominion Malting Co., Ltd., com.
Fort
7,063
to
0.6%
—
■
-
81,468
+
1,066
+
43.1%
respondents
;
9,077
gold .certificate re¬
to deposit and F. R,
s'
trial
+
+
+
2
3-
$37 Vic
A preferred (quar.)
America, Inc. (quar.)
Corp.,
3-19
3-10
25C
(quar.)
Corp
Car
Magor
4-16
+
Dayton Power & Light Co., common
4'%% preferred (quar.) _
———Delaware &'Bouhd Brook RR. Co. (quar.) —
Dewey & Almy Chemical (quar.),—
4%
30c
8
$1.25
Co., Ltd.
Co.,
Magnavox
Motor
Hosiery Mills (irreg.)—
David & Frere, Ltd., class A (quar.r
6%
189,042
5
$25c
Davenport
•
Surplus (Section 7)
«
+1,436,484
Capital Accounts—
in
2-12
2-
+
(quar.i
Dictaphone
3-18
(quar.i
Copper
Magma
50c
preferred (quar.)
Counties Gas & Elcc.—
5 %
1st preferred
(quar.)
Commonwealth Edison Co.
(quar.i
Community Public Service Co. (quar.)
Congoleum-Nairn, Inc. (quar.)
Connecticut Light & Power Co. (quar.i
Consolidated Lithograph Mfg., Ltd
Consolidated Water Power & Paper (initial)
Continental Assurance Co. (Chicago) (quar.)
Cornell-Dubilier Electric, common.
7%
'Capital paid
5
50c
.
2-
34 %c
(quar.)
2-17
1
Power Co., common
Inc.,
M.)
iW.
Miami
5%
East
v
3-25
2-12
J 5c
Company
5%
Total liabilities
3-31
$1.75
(quar.)
Diamond Alkali Co.
1
4-
iquar. 1
preferred
Lowney
$1.50
City
1,568
1,958,599
"Other liabs., incl. accrued divs.
/*,
15,993,805
18,642,181
'(Deferred availability items
22,516
+
525,842
—
.<m~
24,405,224
2-25
7%
87 '/2c
Extra
'federal Reserve notes
..
3-
1
15c
Corporation
3-
3-
$4
Corp.
Stores,
$75c
Auto Stamping Co. (quar.)
City of New Castle Water, 6'; pfd.
City Water Co. of Chattanooga—
3-31
25c
$1
(L. E.) & Co. (quar.i,
Carpenter Paper Co. (quar.i
Central Illinois Light, 4Vi % pfd. (quar.i —
Central Patricia Gold Mines, Ltd
Chesapeake & Ohio Railway Co. (quar.i
Chicago Rivet & Machine Co. (increased 1 __
Chiksan
2-28
2-28
$1.12'/2
87 VaC
(quar.i
common
3-10
3-10
(quar.i
25c
Boxes, Ltd —
(this payment clears all arrears i_
A
Liabilities—
.
3-
Wirebound
$5.25 series
Creameries of
Total
3-15
2-28
30c
50e
Coast
Total U. S. Govt, securities
Lincoln
3-
3-15
3.
30c
<initial 1
25c
Tire Corp.
Canadian
Chrysler
15,764,919
6,929,284
7%
2-20
$30c
preferred (quar.)
Canadian Ingersol Rand Co
Canadian Pacific Railway Co
590,610
4-
V. S. Govt, securities:
Bills
2-21
1
$1.10
2-28
(quar.i
preferred iquar. 1
prior preferred iquar."
$25c
Mfg. Co
Forge
Canadian
1946
3
18,573,301
gold ctf. reserves
1
3-
3-
3-10
3-15
common
prior
$60c
Carpenter
cash
Industrial
or
—
—
Other
3-
50c
2-
1
25c
Special
Inc.
(F. 1
Camden
1947
1947
794,126
6%
Extra
Feb. 5,
R.
F.
for
Common
$1
Bank Note, Ltd. (quar.i,
Borough Gas Co., common
preferred (quar.i
Class
notes
3-21
2-21
Calgary & Edmonton Corp., Ltd. (s-ai
California-Western States Life Insurance—
Semi-annually
»'''
17,779,175
1
1
50c
Ltd.—-
1
4--
15c
Service
4-
4-
2-11
3-
50c
(quar.i
Water,
3-
50c
1
Casualty Insurance Co. of Tennessee-
&
Lincoln
$1
Mills Corp., common (quar.i,—
preferred (quar.i
3Vu%
preferred (quar.)
3Vi'/c conv. 2nd preferred (quar.i
Bush Terminal Co., 6%
preferred (quar.i —
Butler Water Co., 7%
preferred <quar.)___
Combined
3-21
1
2-18
3-
Quarterly
$1.50
4%
Feb. 12,
certificates >l
4-
Burlington
(In thousands of dollars)
Gold
Life
10c
5%%
'
Lexington
2-19
$1.50
American
46
Statement of Condition of the 12 Federal
Assets—
3-20
3-
3-14
$1.25
Extra
—
17,184
-
3-31
$1.50
—
Co.
Salt
$1
pfd. (quar.)
Distillers of Vancouver,
Annual (increased)
Bullock's,
demand deposit accounts except
and
U. S. Gov't accounts,
■)(
Leslie
$1
(quar.i
3-24
50c
(quar.i
Lerner Stores Corp.,
50c
(increased)
$10.50
(quar.)
3-17
35c
&
68
Interbank
preferred
20c
4.40%
Company
3-10
1
2-28
(s-ai
common
preferred
1
3
3-12
3-10
(quar.)
1
3-
1
30c
(quar. 1
4-
1
4-
common
pfd.
common
4-
15c
(quar.)
Inc., 5%
preferred
Co.
Superior District
5%
2-10
$1.25
Industries—
Oil
Mills
Koehring
Lake
1
30c
preferred
25c
(George W. 1 Corp. (quar.i
Real Estate Trust
+
44
4-21
Co.,
convertible
Kilburn
1
4-
2-11
3-
Company
Mj %
$1.20
1
9334c
Co.,
4%
new
Company,
Kerr-McGee
2-18
1
3-
4
2-11
3-
20C
(quar.i,
(quar.)
$1.75
Boston
British
3-
40c
Extra
Borg
1,272
—
4
244
Reserve Banks
2-19
1
(quar.i
Mfg. Co. (quar.i
City
Brooklyn
1,292
week
1
3-20
3-
preferred
Border
917
+
—14,420
140
8,937
-
1,603
+
478
1,915
Foreign banks,.,,,
3-
Extra
39,424
10,474
-
15c
Service
25c
Brothers Tobacco Co., com.
6%
Kendall
25c
preferred
Son,
Kawneer
3-12
40c
Extra
&
2-28
4-
2-15
1
(quar.)
Manufacturing
Joy
2-15
3-
60c
preferred
1
$1.50
(quar.i
Bigelow-Sanford Carpet Co., com.
6%
2-24
4-15
2-28
Safety
Jaeger Machine Co.,
3-14
37»/2c
$ 1.12 '/2
1 quar.i
$3.75
1
6-
3-10
$1
(quar.i
Co.
Mfg.
Bibb
Brewers
Demand deposits adjusted
Time deposits
U. S. Government deposits
Interbank deposits:
Domestic banks
during
3-31
1
7-
A
Public
Iowa
2-28
4-15
Brewing Corp
Bnghoff
Bird
28
Liabilities—
Debit3 to
Mills,
7,841
—
30
+
3,386
10,173
581
2,023
Banks
in
Borrowings
3-10
Co.
(s-ai
:
Inc. (quar.i
Mfg.
Beaunit
Bloch
26,931
Reserve with
622
4—
218
+
guaranteed
Other
3
—
66
4
116
+
492
+
29
—
3
—
5
—
503
5,027
3,126
Treasury
10
—
1,623
—
Securities,
20c
D.
Corp.
Reinsurance
Inter-Ocean
$1.13
4Vi%
Asphalt
Inter-Ocean
3-7
9c
Barber
V.
B.
2-24
1
97 %c
common
347
—
1
Works, Inc.,
(quar.i
Gear
preferred
984
—
14
—
—
securities
Heal estate loans
Loans to banks
Automotive
3-31
$1.1834
Corporation
Atlas
3-15
2-28
Class
3-18
1
3-
Realization—
3-10
4-
pfd.
7+
certificates (liquidating)
Razor Corp.—
trust
International
2-18
3-28
4-25
$1.50
Corp.,
Match
International
2-25
2-28
$1.75
<quar.i
(qua r. 1
1
4-
68%c
3-15
37 V2C
Indianapolis Water Co., class A com. (quar.i
5% preferred series A (quar.i
International Cigar Machinery Co
1
2-20
60c
30c
Corporation, common
preferred (quar.i
Bangor Hydro-Electric Co., com.
7%
1st preferred
(quar.i
3,231
+
207
—
551
368
S,
Other
Cash
74
+
and dealers for pur¬
carrying:
Government obligations
Other securities
Other loans for purchasing or carrying:
U. S. Government obligations
Other
1,454
+
brokers
chasing or
U.
3-
preferred
3-20
1
25C
Inc
Water
Huntington
3-20
(quar.i
Machine & Foundry, common
preferred (quar.i
American Service Co., $3 pfd. (partic.i
Anheuser-Busch, Inc. (quar.i
Apex Smelting Co.
(quar.i
Armour & Co., $6 prior pfd.
(aceum.i
Artloom Corporation (increased quar.i
$1.65
10,573
to
Loans
185
—
agricultural
loans
—12,656
238
—
Co.,
1
3-
25c
class A
Mfg. Co.,
4-
Co.—
Bartlett &
monthly
Holophane
3-15
3.90%
dollars)
Hobart
3-31
preferred
4%%
2-20
3-10
6 %
5
3-
3-15
25c
1
3-20
5
25c
Increased
2-21
2-15
$1
(initial»
Bakeries, Inc.
Brewing
Spencer,
3-10
3-15
1
75c
Monthly
3-31
2-15
3-
25c
Monthly
4-
1
iquar.)
(quar.i
(G.i
Hibbard,
2-10
$1
Ltd
—
Electric Co., com. 1 quar.i-.
American Gas &
prior pfd.
$4
3-
25c
3-
87'/2c
(quar.i
Tobacco,
2-20
3-15
—
(quar.i
common
2-15
3-14
15c
$3 non-cum. preference
2-23
$1.31 >/4
American
follows:
(In millions of
preferred
Hartman
3-12
15c
American Factors,
summary
7%
Co.,
3-15
10c
(N. Y.t
Lamp Co
(James)
2-15
50c
B stock
class
of
Share
2-15
1_«.
M.)
(C.
Hanley
Payable of Rec.
93+iC
of a
Vc
cash or
in
Payable
(quar.i
3-15
$50c
(quar.)
Keileman
50c
Co.
Aluminum
ail reporting member banks, and increased $13,000,000
Chicago District and $10,000,000 in the Cleveland
A
Hall
30c
Co
2-15
:
75c
Steel
Acme
1
3-15
$12Y2c
Quarterly
Holder1
When
Share
of Company
Name
B
Extra
Hathaway
announced this week are:
Per
in the
member banks
Class
dividend payments in many cases are given
in our "General Corporation
Investment News Department" in the week when
The dividends
1
3-
$12'/2c
class A (quar.)
Mackay Stores, Ltd.,
Great American Indemnity Co.
declared.
adjusted
deposits
Demand
3-
3-20
Extra
under the company name
$16,000,000 in the St.
clined
2-14
3-20
30c
Gordon
ord of past
and
$1
30c
(quar.i
Corp.
Harvester
Gleaner
separate tables.
Payable of Rec.
2-25
(extra)
Co.
Art
Gibson
In the
first we bring together all the dividends announced the
current week. Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid. Further details and rec¬
Dividends are grouped in two
Holder$
When
Per
Share
Name of Company
DIVIDENDS
,1:X
••
r
'H3 -i
7
\V;.^
rm$:,^■'
\
••
•
.
'"
'••■
I
"
"
'-l
J
'
'■:•••,*'
■
'
•
.9,
' •-
v
•
-.'
•
*■■ v
V;
..I
i
;U..•
:;
....
r* t
•
.
'■
'
,
,
i
'
<
,
iVolume 165
Number 4569
,
..
.
•
<'<
>
,
t®i®SS8I;*#/
j
t' r-W
;
j
^,•'<■
<•
< )i.( t
'
...
THE COMMERCIAL & FINANCIAL
CHRONICLE-
979
A
■**■•., \ "•
•••v....
J 1Vdme
-
■
>;
■'
of Company
•
....
<
.,
Holder*
Payable ofRtc.
Share
-
Republic Insurance Co. (Texas)
Reynolds (R. J.) Tobacco, 3.60%
Richardson
When
per
-
(quar.)
pfd. (quar.)
2-25
Co.
3-10
50c
3-12
3-
American
2-
5
(quar.)
25c
3-
Romec PumpCo._,.____.
12%c
3- 3
Roxy Theatre, $1.50 preferred (quar.)
Manufacturing Co. (quar.)
St. Joseph Lead Co. (quar.)_____
37V2C
37Vzc
3-1
2-15
3-15
2-28
50c
3-10
2-21
:.
Extra
25c
—
St. Joseph Water, 6% pfd. (quar.)
San Antonio Gold Mines, Ltd. "<$-&)___
Schiff
CORvpariy (qUar.) 1
Scythes *k Co., Ltd., common
___—
preferred
3-
1
2-21
1
2-J4
1
2-14
25c
2-15
40c
3-
2-
5
3
2-21
3-20
3-10
-94c
25c
9334c
4-15
25c
,
3-10
3-15
2-28
3-31
-
2-28
3-
420c
2-15
1
3-31
3-1
$2c
4-1
2-17
$2c
4-
10c
,
■
1
2-17
2-28
.2-
$1.75
3-
1
2-11
20c
3-
8
12 V2c
25c
1
3-15-
2-25
121/2%
3-24
2-14
11%%
3-24
2-14
5814c
3-
1
2-20
3-
1
2-20
(Dallas)
3-
1
2-20
5-15
5-10
8-15
8-
11-15
25 c
11-10
$1
Extra
3-15
3-31
3-18
25c
(quar.)
3-
2-18
1
50c
4-15
25c
3-20
60c
3-
1
2-18
J3114c
(quar.)
3-
1
2-15
3-20
Extra
Pictures
(Northam) Corp., $3 pfd.
Washington Water Power Co.—
(quar.)__
Common
Western
(quar.)
&
1
3-10
.
4-
1
Stationery
Western Utilities Corp., 6%
4-
1
3-15
3-13
3-13
2-11
4-
3
3-
75c
3-
1
7
15c
3-31
3-
3-15
2-25
5
4-10
3-26
15c
2-15
2-
3-
preferred
5
2-21
1
2-10
3-10
20c
2-15
3-
$1.50
1
2-28
$3
2-28
35c
3-
1
2-14
-
25c
4-
1
3-12
-
15c
4-
1
3-12
15c
4-
2
3-15
25c
3-
7
2-21
$4c
4-
1
2-24
(quar.)_
Extra
Woodall
Industries, Inc
Woodward
Governor
Co.
Atlas
Powder
Atlas
Tack
Co.^—i—.——.1
5%
....
Gold
—
(quar.)
Wright-Hargreaves Mines, Ltd
(quar.)
give the dividends announced in previous
weeks and not yet paid.
The list, does net include divi¬
dends announced this week, these being given in the
we
preceding table.
When
ter
Name of Company
Share
Acadia-Atlantic Sugar Refineries, Ltd.—
Class A preference participating (quar.)_
5%
preferred
(quar.)
Agnew-Surpass Shoe Stores (increased quar.)
Allied Stores Corp., 4% preferred (quar.)
Allis-Chalmers Mfg. Co., common (quar.)__
—
3%%
convertible
preferred
Alpha Portland Cement
Aluminum Co. of America, 6% pfd.
Aluminum Co. of Canada, Ltd.—
4%
preferred
Aluminum
Bankers
(irreg.).—1
(quar.)
Automobile
Insurance
American Beverage Corp., 4%
20c
prior
preferred
American Box Board
American
Business
2-20
$50c
3-
1
1-31
$1
3-
1
2-19
40C
4-
2
3-
5
$1.20
class
Barnsdall
3-10
$1.38
pfd. (accum.)_
A
Oil
(quar.)
Co.
7%
Bell
preferred
Paper
3- 5
2-
7
87 %c
3-
1
2-17
3-
3
2-20
3-
1
&
Howell
4(4%
Co.,
1
2-18
1
2-18
Hoe, 4%%
pfd.
(quar.)
.
2-
4C
Shares
2-28
2-20
2-
4-
3-13*
$1.75
35C
1
3-15
$1.25
3-15
33-
8
8
5
5
$1.50
3-11
2-18
$1.75
3-11
2-18
3-
1
2-21
4-15
3-31
12 %c
11.12%
American Furniture Matt Building Go.—
'$6 preferred
American General
.
$2 convertible
r.—
$3
3-20
3- 8
"50c
:—;
Corp.-—
3- 1
2-14
.
preferred (qua]r.)~-~-—.
♦2 .80 convertible (preferred- (quar.)
$3.00 convertible .preferred- (quar.)
American Hide-St Leather Co.—
Common
3-1
fl-%
preferred .atquari)';
American Home Products Corp.
75C
(monthly).
(monthly)——-
2-14
3-
'750
2-14
1
3-12
10c
2-27
3-1
2-14*
2-25
2-15
3-25
3-15
2c
4-25
•4-15
$2
American Hydraulics Inc.
3-
2C
2o
'
American^ Indemnify
Co
American Ihvestmertt Co.
(111.)
American News
15C
(increased)
Increased
B
American
Corp.,
1
3-
1
2-19
3-
1
2-19
3-15
2-20
25C
3-15
3-
5
$1.75
3-15
3-
5
$1.75
6
12-
5
75C
&
Standard
common
preferred
Stores
2-24
2- 4
37 %c
3-15
3-
1
3-15
3-
1
10c
(quar.5
$1,75
Co..
American Thermos Bottle, 4V4%
—
3-31
3-
1
—
—
3-15
2-28
35c
4-
1
2-15
53 Vet
4-
1
3-20
2-15
2-20
2- 7
Copper
1
2-24
2-28
5%
preferred
5%
preferred
Circle Bar
Extra
Clearing
Cleveland
$4.20
preferred
1
2- 1
Knitting, Ltd.
Electric
32
of
a
Blumenthal
share
or
&
4-
1
2-28
3-
1
2-15
3-
1
2-15
$3.50 preferred (quar.)„_
Collins & Aikman Corp.
(quar.)
Extra
3-15
2-28
Colonial
3- 3
2-19
3-
3
2-19
3-
3
2-19
3- 3
2-10
4-
1
3-
3
2-
3-
1
2-26
Boss
2-28
2-14
3-14
3-12
2-28
3-
2-11
1
2-25
2-13
2-20
1-31
2-25
2-15
50C
3-20
3-
50c
93 %C
4
3-
1
3-
1
2-19
3-10
2-24
2-18
3-
2-17
3
4-15
1
4-
Is
receipts
for
7
2-26
4-
7
2-26
Is
4-
7
2-26
Is
deposit
(s-a)
4-
Is
Interim
Interim
4-
7
2-26
pfd.
5%
registered
2-18
1
2-14
4-15
25c
3-15
3-
4-
50
Burroughs Adding Machine (quar.)
Corp.
3-
3
3- 3
,
2-
4
2- 4
1-31
2-28
2-18
3- 3
2-14
7-%
3-20
2-21
$20c
1
2-10
(quar.)—
Canada Vinegars, Ltd.
(quar.)
Canadian Breweries, Ltd. (quar.)
Can
Co.,
(initial
Sexton
preferred
Sons,
7%
International
Investment
(accum.)—
1-29
Delaware & Hudson. Co.
$25c
3- 1
2-15
Dennlson Mfg. Co.,
7%
1
4-
18
?3- 6
3-3 It.
3-12
*40C
$18%o
4-1
2-28
$25c
4- 1
2-28
7.%!
$$2
4- 1
3-15
Denver
3- 1
2-10
3- 1
2-15
-
Trust—
/
$$5.50.
f
*
7%
Union
3- 1
2-15
$12c
5-. 1
4-3
3-15'*
2-15
1
7
25c
2-20
2-28
1-27
50C
2-20
2-
4-
1
3-14
50c
2-20
2- 5
25c
(quar.)
(interim)
2-11
7
3-15
2-25*
933/4C
4-
1
3-15*
40C
3-
1
(quar.)
2-14
20c
3-
1
2-14
75C
3-
1
2-14
12 %C
2-24
2-10
15C
2-15
2-
3-31
2-28
5
2-18
2-28
2-18
3-31
$1.50
3-20
$$1.25
33-
1
2-15
1
2-15
5c
2-27
2-13
933/4C
3-15
3-
28 %C
(quar.)
3-
2-14 !V>
4%c
'
1'
(quar.)
2-14
2-27
3-15
30c
3-
$1.05
2-14
I''
2-13
2-143'
s ;.
2-28
$2
;?
•
1
3-
$1.75
3
2-13
I-
3-
*
$1
J
2- 1
2-21"';,'
/
'
3-31
3-14
i
$1.75
7- 1
4- 1
$1.25
7-
1
75C
4-
(quar.)-
1
$1.75
(quar.)—
8rll^:
-
4-1.
$1.75
$1.25
•
(quar.)
3-19'
-
3-1
2-14
3-
1
2- 'f
3-
1
2'
>
3-17;
3-
3
3-
1
2-lij
3-
1
25c
;
35C
$1
-
v,
25c
$1.73
(quar.)—
,50c
"
2- 3
3-1
v
2-14
-
*
•4-'
1^YV%V'/
7-: 17 P*7-l^
10-1 -10- 1
12-23
12-23
3- 1'
2-14
'
f 35C
—
' *•*'•?**
2r
2-26
2-15 ? :
4- 1,.
'
$1.75
$1.75
2-20
40c
5-15
:
50c
8-15
ff.
50c
511-15
u
2-
6
^-•41 *4"' w-v
•
—
.
'
—
■
$1.75
;
:»
:
3-20
20c
-
Co.
V,
3-7
$3 7%C
35C
(quar.)
3
-
$17%C
—
Stove Co.
(quar,)
(quar.)
2-28
40c
(quar.)
(quar.)
Yard
1
50C
/
class A (irreg.)
Stock
Detroit-Michigan
5% preferred
5% preferred
5% preferred
2-
2-28
3-
$50c
preferred (quar.)
Derby Gas & Electric Corp.
$$1
$$1
3-20
3-14
25c
(reduced)
2-15
,
preferred (quar.)
preferred quar.)
preferred (quar.)
_
—
4-
12 %C
Dentists Supply Co. (N. Y.), common
7% preferred (quar.)
——
(initial).
1
Company, common (Irreg.)
preferred (quar.)
1-29
—
Canadian Western Lumber, Ltd.
3-
Deere &
2-22
—
5
2-15
—
2-22
Co., Ltd
5
2-
1
3-10
an .50
-
$20o
-
2-
1
(initial)
preferred
$25o
5-31
•
12-31
1
50c
Publishing Co., $4 prior pfd.
—
2-28
1
$25c
Deep Rock Oil Corp.-
7- 1
3-
3-
-
2-15
4- 1
8
2-15
3-
(quar.)
(quar.)
3-
175o
$750
2-
1
Co.—
Cuban Atlantic Sugar, 5%
5% preferred (quar.)-
7%
3-11
3-
—
Cushman's
2-14
'
3-
$1.12%
Davis Leather Co., class A
Class B
(quar.)_
Quarterly
Quarterly
2-25
6-10
quar.)
——
(quar.)
3-27
40c
4-15
Canadian Fairbanks-Morse, Ltd. (quar.)
Canadian Foreign Investment Corp., Ltd.—
2-21
'
9-10
(quar.)
2-15
2-28
7
$1.50
3-20
3-20
$4- 1
2-21
3-
'3-10
9-15
common
4-25
37J/4c
7
10c
&
3-15
1
2-15
3-
.
55c
common
3-15
$15c
2-15
1
56V4C
pfd.
America
$50c
$15c
$$1.75
1
1
3-
60c
common
J3714C
3-
3-
$$1.50
!
preferred (quar.)
& Forster, 8%
preferred
Curtis
^preferred
Canadian Car & Foundry Co., Ltd.—
Common
(quar.)
,; - -
3-
2-10
6-15
Cuban-American Sugar Co.—
7% preferred; (quar.)
7%
—
1
3-15"
Crum & Forster Insurance Shares—
Crum
$32%0
3-
$$1.50
—
6
2-15
2-18
2- 6
$$1.50
convertible, preferred (quar.)
Capital, class A (increased quar.)___
Crown Cork & Seal Co., common
(Increased)
$2 preferred (quar.)
Crown Overall Mfg. 6% prior pfd,
(quar.)Crown Zellerbach Corp., $4.20 pfd.
(quar.)$4 convertible 2nd preferred (quar.)
6
1
1
30c
(quar,)-
(quar.)
of
:
3-
$'/2C
414%
2-
3-
2-18
3-15
15c
Cribben &
2-
150
2-ia
1
20c
Crown
1
(quar.)
Inc.
Common
1
2-21
2-18
1
3-
40c
(quar.)—
Crampton Mfg. Co. (quar.)
Crane Co., 3%% preferred
3-
3-15
1
3-
20C
Phosphate Co. (irreg.)
Corrugated Paper Box Co., Ltd.—
5% preferred (quar.)
3-
150
Canada Malting Co., Ltd., registered (quar.)
Northern Power Ltd., com. (quar.)-
Canadian Locomotive
Extra
__—i
3-10
2-15
Coro,
25 c
Canada
preferred
Corp.
preferred
3
& /*
.3-
-
•
$1.25
Wood Products,
preferred
6%
$1.12%
Canada Foundries &
Forcings, Ltd.—
Class A (quar.)
5%
2-15
25c
$1.30 preference (quar.)
Canada Dominion Sugar Co., Ltd. (quar.)
A
1
35c
4(4%
preferred
(quar.)
California Cotton Mills.
California Electric Power, com.
Canada Cement Co., Ltd.—
Class
2-20
3-
150
—
(quar.)
Bush Terminal Co.—Hutler Brothers, common
7
2-28
12 %C
Mining &
-
2-25
45C
20c
12 %C
Sullivan
3-
25C
Coronet
4-30
Concen¬
&
3-31
Extra
3-
90C
(quar.)
,—-
2-10
3-10
(quar.)
Varnish, common
prior preference (quar.)
Cooper Brewing Co. (quar.)
30C
Bunker
Hill
Cigar
/-/I
^
2-10
1
(quar.)
Corp.
^/r
:
3-20
common
Consolidated Vultee Aircraft Corp.
Consumers Glass Co., Ltd. (quar.)
2-28
2-18
3-1
.50C
Co.
Consumers Power Co.
30c
2-18
3- 5
3-
Consolidated Edison Co. of N. Y., Inc
2-28
3-20
4-1
25c
Consolidated Gas Utilities Corp.
(quai\)
Consolidated Laundries Corp. (quar.)
3-15
1
3^ 5
$25C
Quarterly
Consolidated
$12 %C
1
2-15
1
Consolidated Bakeries of Canada, Ltd.—
1- 8
3-15
1
25c
$3.75
preferred
(quar.)
Continental Casualty Co. (quar.)
3-
34-
50C
Connecticut River Power 6%
Connohio, Inc.
2-28
9
llrlO
$$5
preferred
(quar.)
$2.20 preferred (quar.)
Connecticut Power Co. (quar.)
Paint
-8-
50c
$2.40
$4.50
5-10
8-15
i
Continental
1
5-15
11-15.
$1.75 2-16-48 2-10-48
$3:50
7- I
8-20"
(quar.)
2-26
20c
.2-15
50c
7
$1.25
8-15
2-15
1
$1.75
Ltd.
4-
$1.25
4%;
'
,
5-15-
$1.75
Confederation Life Assn. (Toronto)
Quarterly
Quarterly
Connecticut Light & Power Co.—
3-15
(quar.)-
v
'm;
.
..
System, Inc.—
Cornell
Co., $5 prior preferred
Buell Die & Machine Co.
(irreg.)
Buffalo Forge Co
Bullock Fund, Ltd._
Extra
preferred
2-25
Co., common (quar.)
preferred (quar.)
Brunswick-Balke-Collender Co., common
$5 preferred (quar.)
Buckeye Pipe Line Co
3-
$1.75
;
Shearing & Stamping
Commoil, Ltd. (s-a)
Commonwealth Telephone Co.—
8%
Shoe
trating,
$3 preferred (quar.)
Columbia Broadcasting
$37 %C
$3.60
->*4
2-15
t
3-1
$5c
$3
(final)
(The)
$15c
i
75C
Lines,
2-26
ordinary
British Columbia
Packers, Ltd.—
Class
A
(s-a)
2
9- 2:
50 c
7
preferred
for
1
6-
37 %C
Colorado Milling & Elevator
Co.,
Cook
receipts
3-
$1.25
—
2%%
deposit
$1.25
—
2-1$.'•V'
87 %C
4-
Celanese Ltd.—
American
4%
preferred
Colonial Steamship
Container
(s-a)
2-15 /
87 %C
2%%
American deposit receipts for 5%
Budd
2-10
1
1
American deposit receipts registered (final)
bearer
1
3-
50C
Bristol-Myers Co., common (interim)
3%%
preferred (quar.)
British-American Tobacco Co., Ltd.—
American deposit receipts ordinary (final)
1
Community Frosted Foods
4-
30C
w
3-1
Co,—
Colorado Fuel & Iron—
5%
convertible preferred
Carbon
3-15
35c
3-
Commercial
2-13
62 %o
$1
Inc., common
(quar.)
Columbian
3-14
75C
Stores,
2-20
1
1
16c
..
'
2-15
(quar.)
Colgate-Palmolive-Peet
2-20
3-
60c
(quar.)
1
(irreg.)
(irreg.)
50c
(increased) (
2- 7
3-
(quar.)
(quar,)
$5
Inc.
stock
B
56 %C
Bowser, Inc.,
$1.20 preferred
(quar.)
Boyertown Burial Casket (quar.)
Brewing Corp. of America (quar.)
American
guaranteed
A
1
50c
Boston Woven Hose & Rubber
Bower Roller Bearing
7%
Class
3-
3-
2-25
4%
special guaranteed
Clinchfield Coal Corp,
Class
3-
20c
Manufacturing Co.
Fund
8
20c
Stores, Inc. (quar.)
Borden Company (increased)
Boston
2-20
3-15
75C
3-15
v3- 1
$1.12%
1-31
30c
(quar.)
30c
25c
35c
$4.50 preferred (quar.)
Cleveland & Pittsburgh RR.—
1
$1.05
Corp.
*'
1
^'&■
50c
3-
15C
cash
Brass
^2-15-
25c
2-28
10C
(Sidney)
Bohn Aluminum
>£
p;
-2-20
1
____^
2-17
$1.75
Company (increased quar.)
Bliss (E. W.) Co., $2.25
conv. pfd.
(quar.).
Blue Ridge Corp., $3 convertible preferred—
Payment optional in
common
stock
of
:L-
■
2-15
Illuminating Co.—
(quar.)
2-15
$1.50
Blaw-Knox
3- $
%20ft,
3*. 1.
.75c. *; 3- 4
75c...
3-1.
3-15
(quar.)
1
(quar.)_
2-15
1^-::
$1.25
1
$1.25
(quar.)
3-10
IK
(quar.)
—
3-
j*
2-11
%
;
preferred (s-a)
Machine Corp
2-17
2-14
<
.2-25
-
i
2nd
1
10c
-.'
-
—
8
50c
Manufacturing
Blackhawk Brewing Co.
(quar.)
Black Hills Power & Liglit Co., com.
25C
$1.12'/a
r
—-
com.
(quar.)___
(quar.)—
4-
Blnks
-
50c
Co.,
City of Paris Dry Goods^7%
1st preferred
(qUar.)
7%
1st preferred
(quar.)—
7%
1st preferred
(quar.)
7%
1st preferred
(quar.)
3-
50C
preferred (quar.)
Bethlehem Steel Corp.,
common
7%
preferred (quar.)
Billings & Spencer
3-20
25c
.
».
Cincinnati New Orleans &• Texas Pacific
Ry.—
5% preferred (quar.)
3-
■
3-1
1
.
3-15
3-
<4-
'
Co.—
3- 1
(quar.)
convertible
Canadian
50c
1
tlOC
2-20
7
3-
$1.06%
2-21
2-
2-15
Inc.—
(quar.)
2-28
2-13
1
12 %c
(quar.).,
common
Canadian General Electric Co., Ltd.
2-21
2-15
2-14
3-
$$1.75
-.
(quar.)
50c
pfd. (quar.)
3-31
1
1
2-28
3-
$142%
———
30c
Canadian Food Products, Ltd., com.
$1 convertible class
A (quar.)
Sanitary
.
American Smelting & Refining Co
American Steel Foundries—
American
6
9-
12-15
10c
7%
6-
9-15
$1.75
37 %c
(quar.)
Radiator
6-16
$1.75
Transportation—
American Potash & Chemical, class A (quar.)
Class
3-
$1
Co.
Petroleum &
2-15
3
25C
(bi-monthly)
American Paper Goods Co., 7% pfd. (quar.)
7% preferred
(quar.)
7% preferred
(quar.)
7% preferred (quar.)
American
2-
$1.50
(quar.)
American Metal Co., Ltd., common
6% non-cum. preferred (quar.)—
American Meter Co.
1
3-
2-15.
/)
Cab-
$$1.50
—
Extra
$5
Burton-Dixie
62 %0
1
3-
$1.18%
(quar.)
Mines, Ltd (s-a)
Spinning Associates,
Fine
'
"
Quarterly
Chicago Yellow
3-1
3-1
3-15
,
2-14
$25C
Quebec
Brown
33-
2-13
1
'■
Common
preferred
Berkshire
2-15
5c
7
Ltd.—
Class B (s-a)
Brown Rubber Co
25c
2-
25C
—;__
Co.,
(quar.)
Belleterre
3-13*
1
———
2-21
30c
(quar.)
&
Manufacturing Co. (quar.)__^
Ltd., common (quar.)
registered
5o
(quar.)
(quar.)
2-13
7%
Belding-Corticelli,
2-15
4-
20C
(quar.)
3-17
3-10
3-1*;* 2-10
15C
—
Manufacturing Co.—
Power
prior pref. (quar,).
Co. (quar,)
;
Champion Paper & Fibre, com.
(increased)
$4.50 preferred (quar.)
Oharls Corporation
(increased)--..—
Chestnut ■ Hill -RR..< (quar.)
Chicago Corp., $3 preferred (quar.)—
Chicago MillLumber Co. (quar.)—.
Chicago South Shor^ & South Bend RR.r—
t.?
r.,71
50C
4% %
1-31
-
2-14
■
,90c'"
•
Chain Belt
$1
Belden
3-24
1-29
7
2-7
3-
$25c
(quar.)
Beck (A. S.) Shoe Corp.—
4%%
preferred (quar.)
2-17
3- 1
2-
Cincinnati Milling Machine
4%
preferred' (quar.)
$1.50
(quar.)
Class A
3
3-
25c
preferred (quar.)
American & Foreign Co., $6-pfd. (accum.).
♦7 preferred
(accum.)
American Forging & Sfccket Co. (quar.)
&
3-15
$$1.25
3-10
$$2
(quar.)_
5%
Fork
1
20c
American Can, 7% preferred (quar.)
American Chain & Cable, common <quar.)__
"American
4-
$25c
Goods
■
23c
Security Life Insurance Societyquarterly
I
T3-15
85C '
•' •'
...
.
Ohio Steel: Products
(increased)—
Century Ribbon Mills (quar.)
Certain-teed Products—
7.
15c
—
2-15
f
V
,
—
■2-
Chile
'
3_i2
$1.25-',
""
Central
3-1
.
5c
Increased
Bathurst
3.6%
2- 3
Los Andesshares
Central
1-31
2-13
7c
Barber-Ellis Co. of Canada, Ltd.
British
Mfg. Co
Aluminium Ltd.
(quar.)
American Airlines, 3(4% conv. pfd.
American Arch Co. (irreg.)
American
$25c
25C
(special)
Holder*
Payable of Rec.
81 y4c
(quar.)
1-31
-
2-13
$1.25
1
Vv4-
$1
preferred - (quar.) Ohio Light & Power—
preferred
(quar.)
2-15
$1.05
Banco de
3.40%
3-1
Mills
Locomotive, 7% preferred (s-a)
Building, Inc. "(quar.)
Baltimore Radio Show, common (quar.)_—
6 %
preferred (quar.)
i5o
;■'* -v.
'
3-13
2-28
75c
<
pfd. (quar.)
Corp.—
2-10
3-1
Balfour
/:
•
:
v3-» 1. ...I.
•
v,
2-10
3-1
Baldwin
4-
.
f
2-26
?'3*24'."
'4-, 1 X
•
$1.75
terest - (s-a) '——
Central Foundry, 5% ' conv.
Central New York Power
2-10
20c
_
Bond
Below
2-18
25c
(quar.)
■.
40C
1—
2-15
3-12.
-
...v.~.45c
(quar.)——
25c
convertible preferred C (quar.)
Allied Products
preferred
2-12
3-15
3-1
.
2-10
2-15
3-
.
1
3- 1
' 30c
v
(quar.)
Central Arizona Light &
Power, com. (quar.)
Central Coal & Coke
Corp.—
; "
4% preferred certificates of beneficial
itj-
2-26
25c
—L—■
(initial)
Company, common—
I.)
3-
50c
-
41.06
Caterpillar Tractor
6-27
«
1
25c
(J.
7%
6-27
3-10
3-
—
(initial)—
(interim)
Case
1-
2-28*
* 2-28
$5c
$38c
—
preferred
2-28*
50c
-
4J/4%
4-
.
—
Automatic Canteen Co. of America
Avon
New
Carpenter Steel Co.
Carr-Ccnsoiidated Biscuit
-50c
——
Corp. (quar.)
—-i-.
Mines, Ltd.—
Autocar Co., 5 % A conv. pfd, (quar.)....—
5% preferred B (quar.)
Aunor
2-20
50c
Williamsport Water, $6 preferred (quar.)
Wilson Products, Inc. (reduced)
,
$1.50 preferred
(quar.)-_
Carman & Company, common-
3
3-
-
2-11
50c
50c
pfd. (quar.)
conv.
White Villa Grocers, Inc. (s-a)
Williams (R. C.) & Co. (increased)
Winter & Hirsch, Inc., 7%
Wiser Oil Co. (quar.)
-
3-15
50c
$1.50
-
Tablet
4-
3714c
(quar.)
Warren
preferred
2-18
$$1
$1
Brothers
3r20
.
...
3-10
62I/2C
Wabasso Cotton Co., Ltd. (quar.)__Waitt & Bond, Inc., $2 pfd. (initial quar.)_
Wamsutta Mills (quar.)
Warner
,
2-26
3-
(quar.)
1
.
25c
Virginia Dare, Ltd., 5% pfd.
Virginian Railway (quar.)
2-10
$1
$1.50
__
:
9
50c
United Wallpaper, Inc., 4% preferred
Van Norman Co
Van Raalte Co.
(increased)
2-10
1
Capital Wire- Cloth Mfg. Ltd.—" !7
2-10
1
—
Barlow & Seelig
Underwood Corp.
America
-
American
25c
of
(quar.)
(irreg.)__i.
1
33-
Woolen Co., common
3-14
preferred (quar.)L;
$1.75
4-15
prior convertible preferred (quar.)...
$1
3-14
Amoskeag Company, common (s-a)
75c
7- 7
.-•-$4.25 preferred (s-a).—-i-i
$2.25
7- 7
Anglo-Canadian Telephone Co.—
—
Glass A ^ (quar.)
tl5o
3- 1
'Archer-Daniels-Midland Co. (increased)
25c
3-1
Arden Farms Co.} cbrnmon...
25c
3- 1
$3 participating preferred (quar.)
75c
3- 1
Participating
6'Ac
3- 1
Argus Corp., Ltd., common (initial)
jlOc
3-1
4(4% conv. preferred
(quar.)——...— $$1.12(4
3-1
Armstrong Cork Co., common (increased)..
40c
-3- 3
$3.75 preferred
(quar.)
933Ao
3-15
Associated Dry Goods, common (quar.)
40c
3- 1
6% 1st preferred; (quar.)
$1,50
3-1
7% :2nd preferred (quar.).-—$1.75
3-1
Ashland Oil &:Refining, coriimon (quar.)...
15c3-28
;
'4(4% preferred (quar.)—.
$1.06(4 - 3-15
Atchison Topeka <5c Sante Fe Ry., common.*
$1.50
3- 3
..Atlantic Coast Line RR.^———
'
$13-12
Atlantic! Refining Co.1 (quar.)..—
—;
37(40
3-15
—
25c
United Biscuit Co.
Products, pfd.
•
3-
75c
—
Avondale
41%c
(monthly)
Co.
2-10
$4
2-24
3-
3-15
$1.75
8*
50c
Insurance
1
When
Holdete
Payable of Ree.
,Share
+
.
3-
—
"
Tudor City Seventh Unit, Inc.—
6%
preferred
(accum.)
$6
3-
25c
(monthly)
preferred
1
3-
—
Tampax, Inc.. (increased, quar.)
Terre Haute Water Works, 7% pfd.
(quar.).
Texas Gulf Producing Co.__
Thew Shovel Co., 7% preferred (quar.)
Tilo Roofing Co.
(quar.)____
Tobacco Securities Trust Co., Ltd.—
American deposit receipts ordinary
American deposit receipts deferred
Toledo Edison Co., 7%
pfd.
(monthly)—
5%
3-
75c
Ltd.—
Class A participating preferred (quar,)__.
Sunshine Mining Co. (quar.)
Sylvanite Gold Mines, Ltd., coramon_____I_.
Trinity Universal
Quarterly
QuarterlyQuarterly
2-18
2-18
1
3-15
A.)- Oil Co.,
preferred
2-28
"
3->
$0.2656
__
6%
3-5
3-15
-
50c
(quar.)
Vitrified
Per nv
Payable of Rec.
75c
-
7%
2-11
3-1
B
American
'
2-21
1
5
25c
—
Common bearer
-
Holder *
'
——
<D.
(quar.).
50c
Extra
2-21
3-10
t31!4c
Southern California'Water Co., '414% pfd.__
4%
preferred 4quar.)
Southern Spririg Bed Co. (quar.)
-Staley; (A. E.) Mfg."CO., common (increased)
$3.75 preferred (quar.)—_____
Standard Oil Co. (Ohio), common____:
*3%% preferred'A (quar.)
Stix Baer & Fuller, (quar.)
Stuart
Class
When
Share
Tobacco Co.
American
2-15
3-
25c
tide
—
(quar.)
(quar.)
Signal Royalties Co., class A (quar.)
Simmons-Boardman Publishing Co.—
$3 preferred (quar.)
5%
1"
4-
$1.50
"$7c
_________
Pet ti
Extra
1
2-15
Russell
*
•
l
25c
Risdon Mfg. Co
Robinson Little & Co., class A
V"
4
Name of Company
.•*
2-10
4-
30c
90c
'
■
....
"
-
~
'l*
5- 5
8-
5
11-
5
.
-
980
I
J
"
■■■
■
.
Per
■
'0-,
Extra
Di
37%c
75c
(quar.)
(s-a)
Match Co., common
participating preferred
6ft
500
—
f1
Giorgio Fruit, class A
Class
$1
B
$1-5°
$3 partic, preferred (s-a)
Distillers Corp.-Seagrams, Ltd.
Dixie Cup Co.,
Class
U5C
(quar.)
f &c
common
62 he
12%©
ZSc
A
(quar.)
Houses, Inc. (initial)
Dr. Pepper Co.
—
Dominion & Anglo Investment Corp., Ltd.—
5% preferred (quar.)
Dominion Bridge Co., Ltd. (quar.)
Dominion Envelopes & Carton—
:
Dobbs
+*1-2*
t30c
+87 Ac
7ft
preferred (quar.)
Dominion-Scottish Investments, Ltd.—
5ft
Dominion Stores,
Paper
Donnacona
*50©
(accum.)
Ltd. (increased quar.)
Co., common (s-a)
preference
id2&
+50c
Extra
J25c
-
convertible preferred (quar.)
Brothers, Ltd. (quar.)
Douglas (W. L.) Shoe Co.—
$1 convertible prior preference
Dover Industries, Ltd.
Dow Chemical Co., common (quar.)
$4 preferred A (quar.)
Dow Drug Co., common (quar.)
7ft preferred (quar.)
Drackett Co.
4ft preferred (quar.)
Drewrys, Ltd. U. S. A., Inc. (resumed)
$$1.12%
.,-4% ft
Electric Corp.
St Bradstreet,
—
common
(quar.)—
(quar.)
(irreg.)
Eagle Picher Co. (quar.)
Eastern Massachusetts Street Railway-—
6ft 1st preferred A (quar.)
6ft 1st preferred A (quar.)
6ft 1st preferred A (quar.)
6% 1st preferred A (quar.)
6ft 1st preferred B; (accum.)
Eastern Racing Association, Inc.—
$2 par and ho par value (quar.)
$2 par and no par value (quar.)
$2 par and no par value (quar.)
$1 preferred (quar.)—
Eastern steel Products, Ltd.
(resumed)—
Eaton Mfg. Co,,
(quar.)
Eddy Paper Co., Ltd., class A (quar.)
Common (irreg)
Electric Hose & Rubber (irreg.)
—
Paso
Natural
Co.
Gas
Interim
preferred (quar.)—
5ft preferred (quar.)
5ft preferred (quar.)-i
5%
preferred (quar.)__
—
Eversharp, Inc., common (quar.)
5ft
+20c
75c
50c
10c
15c
50c
$1.12 Vi
20c
3-
5
4-
1
3-10
3-
1
2-15
3-
1
2-18
3-
1
2-15
2-25
1-31
3-
1
2-15
3-
1
1-31
3-15
2-15
4-
1
3-
1
4-
1
3-
1
5-15
4-15
1
2-15
4-15
4-
1
4-15
4-
1
3-
2-18
1
4-
1
3-21
4-
1
3-20
3-10
2-20
Sugar- Co.
Farmers & Traders Life Insurance Co. (Syra¬
cuse, N. Y.) (quar.)
Fashion Park, Inc. (quar.)
Quarterly/
Quarterly/
Faultless Rubber Co.
Mogul
12-15
12-
1
5-
1
4-15
25c
25c
25c
25c
4-
2
3-20
7-
2
6-20
10-
2
9-20
4-
1
3-20
1
2-15
*15c
3-
75c
*25e
i$i
$4
2-25
2-
3-15
2-15
Enamel
(irreg.)
Corp,
Corp
5
3-31
3-15
2-21
2-14
3-31
3-14
3-
1
2-14*
3-
1
2-15
3-
1
2-14
2-20
2-15
1
2-14
3-
5-31
5-16
8-30
8-15
1
11-15
4-15
3-31
12-
3*31
4-15
4-
1
3-15
3-
1
2-15
3-
1
2-15
3-12
1-30
25c
3-
1
2-
3-
8
1
2-15
2-27
2-13
3-31
3-15
4-
3-15
1
4-15
5-
1
8-
1
7-15
11-
1
10-15
4-
1
3-15
3-10
2-28
3-25
3-
8
Field
(Marshall) & Go. (see Marshall Field)
Firestone Tire & Rubber, 4VA%- pfd. (quar.)
Firth Carpet Co., 5ft, preferred (quar.).
3-
1
2-18
3-
1
2- 3
25c
Extra--
i-4>"
$1.12%
$1.25
3-
1
2-
3
5c
25c
25c
3-
1
2-
3
3-
1
2-15
2—;
Common
^
Fishman (M. H.) Company (quar,)—
Fliptkote Co., common (increased)
■
[?;
$4
preferred
'
kills
Flour
I
Fort
Pitt
of
(quar.)
$1
3-
3-15
1
3-4
3-15
30c
WorkSL
3-
3
2-15
25c
America
Bridge
3-
1
2-15
Foster & Kieser Co.—-
6ft
preferred (quar.)
Four-Twelve West Sixth Co._
Franklin Simon, 4% ft preferred (quar.).
Freeport Sulphur Co. (quar.)
Friedman (Louis) Realty Corp. (quar.)
T
37%c
Quarterly,:
s
prior
56%c
62J/2c
10c
10c
Fruehauf
Trailer Co.,
$8
1%
3-15
1
3-31
4-15
1
2-14
3-
1
2-14
5-
1
8-
1
3-
1
2-18
$l
3-
1
2-18
3- 3
2-15
75c
3-
1
2-15
62Vic
4-
25c
common
preferred
1
2-21
3-15
2-14
(quar.).
Batteries, Inc
General Finance Corp., 5ft pfd. A (s-a)
General Fireproofing Co., common (quar.)7% preferred (quar.)
$1.75
3-
1
2-14
15c
3-
1
2-18
General Mills, 3% ft conv. pfd. (quar.)
General Motors, common (irreg.)
$5 preferred- (quar.)
$3.7ft preferred (quar.)
General Outdoor Advertising Co., common—
84%c
General
M:
.
-
General
Dry
Plywood
(initial
quar.)
General Steel Castings Corp.—
$6 preferred- (accum.)
General Tire & Rubber Co. (quar.)
Gentry, Inc. J
Gerrard (S. A.), preferred (s-a)—
Genessee Brewing Qo„ class A (quar,)
Class A (quar.)—
„
'5
———
5-24
5-10
50c
$1.75
3-12
2-26
4-
1
3-20
3-
1
2-10*
3-10
2-13
$1.25
5-
1
4- 7
93 %c
5-
1
4-
25c
20c
-
$1.50
.
;
25c
75c
A
(qw.)—
2-19
1
2-ld,
2-17
15c
——
n
2-6
3-15
9-16
15c
—
2-18
5-27
6-14;
15c
!,f• Class B (qu%r.)—
15c1
4-
3-15
15c
7-
(quar.)—
15C
Gibraltar Fire & Marine Insurance (6-a)
50c
Glidden Company, common (quar.)—50c
4% % preferred (quar.)
56%c
Godman (Hj Ct) Co., 6ft preferred (initial)
37Vic
10-
6-a
9-15,
Class B (quar.)
-
,
Class B
1'
Goebel, Brerwing Co.
'
Extra
(quar.)
2-14
4-
3-12
4-
3-12
3-
2^20
5c
3r28
3-1Q
5c
2-M.
$i
3t28
3t3I
(quar.)__—37Vic
3- 1
„—————
——
Golderf State Co.,
Ltd., (quar.)
GoOdafl-Sanford,
Inc.
—_
Goodyear Tire & Riibber, common (quar.)
Gorham
Gossard
{Mfg.
Gtftat
2-17
$1.25
3-15
2-17
' 75c
Company
Grand-: Union Co.
r
3-15
Co.—
(EL W.)
(year-end)
Gr^,t Lakes Planting Co. (quar.)
1
2-' 7
3-
1
2-25
50c
2-24
2- 3
ejft.'
—
.^America,!* Life Underwrlter^r-r^-."'
3-
3-
$2
—-
3-15
35c
(increased)——"
Grace National Bank of N. Y.
.
$1
*
—
convertible preferred (quar.)—Jjgz+i
v.",
>
2-21
1-15'
Green Bay & Wfestern RR.
;
;
Debenture A,
10c
3-20
3-
2-20
2-10
2-20
2-10
—
—
,
—
Griesedleck-Western Brewery—
convertible
1
(annual)
$5
——--i—$50'.
'
;
3*10.
'
•
,
preferred
.
(quar.)—
Griggg;COoj>?r. & Co. (increased quar.).
4:'
84%o
Mining
Equipment Shares
Railroad
Stock
Shares
Tobacco
Shares
Utilities
Shares
Extra
Watch
(quar.)
$5 preferred (quar.)
Hale Brothers Stores, Inc.
(quar.)
(quar.)
Hammermill Paper Co., 4V'2'!o pfd.
4V4%
preferred (quar.)
Hamilton Cotton Co., Ltd.
(quar.)
Mines,
Ltd.
convertible
(quar.)_
Paper,
Hancock Oil
Co.,
(quar.)
common
(quar.)
(quar.)
class A
(M.
A.)
Company,
(irreg.)_
common
2-14
(quar.)_
com.
preferred
(quar.)
Co., common (quar.)
4Vi% convertible, preferred (quar.)
Hart-Carter Co., $2 preferred (quar.)
Hawaiian Pineapple Co
Haytian Corp. of America
Hazel-Atlas Glass Co. (quar.)—
Hecla Mining Co
Harshaw Chemical
Hendry (C. J.) Co., 5Vi,% preferred (quar.)_
Heyden Chemical Corp., common
3Vi%
preferred A (quar.)
Hewitt-Robins, Inc.
(quar.)
Hires (Chas. E.) Company (quar.)
Hilton Hotels Corp., common (quar.)
4% convertible preference (quar.)
(quar.).
Hollingsworth & Whitney, common
$4 preferred (quar.)
Holly Stores, Inc., common (quar.)
Honolulu Oil Corp
Electrochemical
Common
(increased
preferred
Hardart
preferred
(quar.)
Co.
(N.
Y.)
preferred
$1.06'A
(quar.)
—
$75c
10c
50c
6% preferred (quar.)
Foods, Inc., 5%
preference (quar.).
5% preference series A (quar.)
Huron & Erie Mortgage (Ont.)
(quar.)
$1.50
12V/2c
12'/2c
t$l
Hudson Bay Mining & Smelting,
Motor Car (quar.)
Ltd. (quar.)
Hudson
Humble Oil
&
Refining.
Hummel-Ro$s Fibre Corp.—
J50c
1
Power
3,
2-28
$1.75
3- 1
Co._
(reduced quar.)
_
International Utilities Corp. (quar.)-—
Interstate Bakeries Corp., $5, pfd. (accum.)_
30c
22'Ac
$1.25.
30c
12o
Intertype Corporation (increased)
Investors Stock Fund (irreg.)
Irving Air Chute Co. (resumed)25c
Jamaica Public Service* Ltd., com. (quar.)—
t!7c
7% preference A (quar.)
x$1.75
7% preference B (quar.)
1
xl%#'
5% preference C
xDA%
6ft preference
1
xi'Aft
Jahtzep Khlttihg Mills, 5ft pfd; A (quar.)$1.25
Jefferson Lake Sulphur Co., Inc.—
7'ft preferred (s-a)——
35c
Jersey/Insurance Co. (N. Y.) (s-a)—
90c
Jewel Tea Company, common (quar.)
60c
4*A ft preferred (quarv)
$1.06%
Johnson is Johnson (s-a)__
10c
Jones & LaiighUn SteeL common
50c
5ft
preferred (quar.)
$1.25
Kalamazoo Vegetable Parchment (quar.)—_
15c
Kansas City POwer & Light—
3,80ft preferred (initial quar.)
95c
Katz Drug Co., common (quar.)*—12Vac
$4>5$ preferred (quar.)$1.12%
KayseTj (Julius) & Co. (extra—
25c
—
—
—
Kentucky Utilities. 7ft
junior, pfd. (quar,)Kerr-Addison. Gold Jlines, Ltd.."
Kinney (G.'R.V Co,. common——
———
——
preferred
(quar.)—:
Knickerbocker Fund (ctfs. of bene, interest)
Knudsen Creamery, 600 pfd. (quar.);
Kresge
™
s
3- 6
5-
1
8-
1
7-26
1
10-25
2-24
2-10
4-
1
2-15'
3-
1
2-
1
3-
1
2-
1
2-28
2+JO
2-28
2-10
25C
3-
1
2-15,
87 %c
3-
1
2-15
2-24
2-24
$1
3-10
50c
3-10
20c
3-
Star
Gas
common
3-
1
2- 4
3-
1
2- 4
2-28
2-18
Co.
Taylor,
$1
6ft
(s-a)
Louisville
&
&
St.
(M-.)
Ry.
3-22
3-10
2-14
3-1
$1,50
3-
1
2-17
..
y
Co,—
j
8-15
8-
1
$2.50
8-15
8-
1
88c
3-12
1-31
-
Nashville
3-21.
1
$1.25
pfd.
(quar.)
Louis
4-
25c
partic.
1st preferred
—
preferred
non-cum
5ft
3-31
$2
(increased quar.)
Henderson
Common
$1
(monthly)
(quar.)
Longhorn Portland Cement,
Louisville
2-7
J25c
(monthly
preferred
1
4-25
+25C
(quar.)
Common
5ft
1
11-
(quar.)
(s-a)
RR.
Co.
(quar.)_.
(quar.)
&
R.)
$1.07
Sales
Inc.
3-28
3-
1
3-15
3-
1
f50c
2-28
2-15
12V2C
2-25
2-15
noc
(quar.)_
3-14
25c
Co.
$1.50
3-31
3-20
JlOc
(H.
,
Sons—
preferred A
(quar.)
(increased quar.)_
(initial)
Export
(quar.)
3-14
3-31
3-20
25C
3-
2-
20c
2-28
2-14
25c
3-10
2-27.
35c
3-
t$l
2-28
—'
(P.
R.)
&
Shirt
Co
Co.
(increased
Magnesium
& Co.,
Oil
Corporation
Textile
$3.25
1
4
2-
1
2-20
1-31
12%C
4-15
3-31
3-31
3-15
25c
(quar.)
Co.,
2-
3-
1
2-15
3-
1
2-15
85c
3-
1
2-15
50c
3-15
2-15
20c
Ltd.
2-28
75c
93%c
2-28
2-15*
25c
3-11
2-28
J 5014 c
3-
2-
35c
3-
1
2-11
$1.06%
3-
1
2*11
2-11
(quar.)__
(interim)
+
__
(irreg.)
—
.
2-14
$1.06%
(quar.)__i_
Publishing
Mclntyre
Porcupine Mines, Ltd. (quar.)
Mead Corporation, common (increased)
$4.25 preferred (quar.)
$2 second preferred (quar.)
Merritt-Chapman & Scotjt Co.—
6%ft preferred A (quar.)
Metal
5
25c
Products—
4% ft pfd.
Corporation
quar.)
(interim)
1
8
.
1
50c
3-
1
$1.62%
3-
1
81 %c
3-
2-20
25c
4-
3-14
60C
4-
3-14
50C
4-
1
3-11
$2
4-
1
3-11
3C
3-
1
2-18
$1.37%
3-
1
2-15
Corp.—
participating
preferred
(quar.)
common
(quar.)
(quar.)
•
-
New, common (initial)
Utilities Co., common (quar.)
5ft preferred (quar.)
-—
Mitchfjl (J;; S.) & Co., Ltd. (annual)
Mohawk
Carpet Mills
2-20
$1.25
1
2-20
3-
1
2-20
$1.50
3-
1
2-20
50c
3-10
2-15
80C
3-
2-15
250
—
3-
$1.27%
3-
2-15
1
25c
3-
2-15
$1.25.
3-
2-15
$$2.50
—
3-
2-m
50C
(quar.)
Mojrri% Paper. Mills," common (quar.)
—
4% ft preferred (quar.)
Mofor Wheel Corp. • (quar.)—
——
Mount; Diablo Oil Mining & Development-^
-
3-
2*25
t!6c
4*
2-28
*$1.25
4-
2-28
V
i
$1.25
3-15
3-
25c
4-1
3-
4
4-
1
3-
6
3-
1
2-25
87%c
34%c
5QC
3-1
6-2
5-10
3-15
2-1$
2-19
'
'■
2-10
$1.62%
*130
*44c
3-15
$1.50
4-. 1
4-
1
$2
3-15
3;
1
25C
3*10
K
2-24>
3-30
3-15
30c
3-10
2*21
lc
$3c
2-28
3-25
2-25
'
2- 1
2- 7
3-10
2-10
Mueller Brass Go.
3- 3
2-18
100ft
Tstock dividend)
2-17
59.% c,
,
$7
$7
•
preferred
(quar.)
preferred: (quar.)—
15c
Muskegon
$2
class
9-
•*<
National Automotive Fibres (quar.)
National Biscuit Co., 7ft preferred
—
(quar.)
(increased quaf.)
_
-
3*15
3-
1
2*15
6-
1
5*15
1
8-15
3^0
3-
1
2*14
3-
1
2-15
50c
COj—^
National
National Container Corp.
$1.75
,
1
50c
Motor Specialties^—
A, (quar.)—
Acme
4-
$1.75
$1.75
—
$7 preferred (quar.)
Murphy (G. C.) Co. (quar.)—-r~-
2M
»
2-10'
,
Mullins Manufacturing Corp.—Common class B
(irreg.)
1-31
2-20-
«
2-11
2-11
(quar.)-,
—.—
3- 6
'
2-25
1
.
2-20
|
35c
3- 6
8c
3-
$2.50
(s-a)_
Knitting, Ltd., common (quar.)—
6ft preference (quar.)
Monarch Life Insurance (Mass.)
(s-a) —
Monroe Chemical Co., common
—
$3.50 preferred
(quar.)
Monroe Loin. Society,: 5V2 ft pfd. (quar.) _—
Monsanto Chemical* common (increased)
$&2i) preferred A, ,(s-a)
Montreal Cottons, Ltd., common (quar.)
7ft- preferred (quar.)
Moore. (Wm. R.) Dry Goods, (quar.)
—
Morgan (J." P,X & Company (quar.)——
3- 6
4-17
2-27
15c
1
—
Monarch
2-28
2-28
87%c
25c
$1.25
3-
(quar.)
Missouri
2-14
2-28
3-15
2- 1"
/
2-
75c
40c
3v.20fo convertible preference A (quar.)
Minneapolis & St. Louis Railway—
2- 7
3-15
(Ind.)
Minneapolis Gas Light (Del.).—
5%ft preferred (quar.)
5ft
preferred
(quar.)
$5.10 1st preferred (quar.),
6ft preferred (quar.)__
Minneapolis-Hqneywell Regulator Co.—
Common (increased)
2-20
4- 7
4- 1
3-18
1
(quar.)_
(irreg.)
$2 non cumulative preferred
8ft
preferred (quar.)
Mid-Wiest Abrasive Co,
2-25
3-20
5- 1
3-15
2-20
3-
Midland Steel Products—
2:25'
3-10
2-20
1
3-28
20 c
Co.
Mickelberry's Food Products
$2,40 preferred
(quar.)
2-28
3- 1
2-10
3-
25C
McGraw-Hill
2-28
4- 1
3-15
50c
Chemical
Pipe Co.,
McCord
3-1
1-31
3-21
3- 1
3-15
4-1
2-15
-
prior
&
Department Stores, common
$3.75 preferred
(quar.)
$3.40 preferred (quar.)
2-15.
2-iO*
3-15
4-1
*$2
31 %c
(quar.)
May
3-1
3- 1
4- 1
4- 1
4- 1
2-15
50C
B
Masonite
2-18
2-13
4* 1
2-20
1
25c
Joint
Si
2-20
5
3-
—
Class
Lord
5
3-
35c
I
Special guaranteed (quar.),
Loblaw Groceterias; Inc. (quar.)
Loblaw Groceterias Co., Ltd., class A (quar.)
Lone
3-
-
25c
Marshall Field
3-20
3-1
3-31
3-15
2-20
2-10
75c
Corporation
Marine
2-21
2- 5
|40c
$1
1
25c
Co.
Manhattan
2-11
3-10
3-
25C
common
Maple Leaf Gardens, Ltd.
Marathon Corp. (quar.)!
1-31
$1.50
(quar.)
3-15
$1
(quar.)_
MaJlory
3-10
2-28
3- 1
2-3
2-28
1
50c
Extra
2-15
3-20
3-12
3-10
3- 1
4-
(quar.)
Macmillan
2-18
1
3-15
62 Yzc
Macwhyte Company (quar.)
Madison Square Garden
2-18
3-31
25c
Quarterly,
$5
3-31
3-
21c
50c
I6V2C
$1.50
International Harvester Co., 7% pfd. (quar.)
International Nickel Co. of Canada, Ltd.—
Silver
B
Corp.
Myers Tobacco,
Mackintosh-Hemphill Co.
2- 5*
20c
2-18
1
Corp
MacLaren Power & Paper
2-18
quar.)—
2-15
4-
35c
Products
Lyon Metal Products,
3-15
40c
Machines
International Textbook Co.
Aircraft
4!Aft
2- 8
3%
(increased
2-15
2-28
25C
$1.50
&
8ft
•
4
25c
(quar.)_—
(quar.)
preferred
Savers
Lock
12-
30C
Machine
common
Ludlow Manufacturing
3-31
Inland Steel
Business
Monotype
Company,
&
Lowenstein
f20c
Indianapolis Bond & Share Corp
Industrial Rayon Corp.
(quar.)
Industrial SiliCa, GV2% pfd. (accum.)
Ingersoll-Rand Co. (quar.)
Institutional Shares, Ltd.—
Stock and bond group shares
International
12-11
Original capital
1-25
(s-a)
Products
*75c
Carbonic Corp., common
3>/2 ft
preferred
(<juar.)
Little Miami RR. Co.—
2-15
2- 5*
'J 10c
Steel
(accum.)
Liquid
10c
preference
preference
Company (quar.)
Extra
3- 1
2-20
2-20
Interim,
6%
Indiana
convertible
Lionel
2-20
Imperial Tobacco Co. of Canada, Ltd.—
Ordinary (final)
3-1Q
3-4
Extra
45c
Extra
2-26
1
3-11
9-4
Linen Service Corp. of Texas, $5 pfd.
$1.50
15c
Co., common (quar.)
Municipal Water Co.—
preferred
(quar.)
Illinois Zinc
(quar.)
6%
3-15
4-
6-4
Link-Belt
2-13
2-15
2-15
3-15
4-
2-26
9-11
Quarterly
Quarterly.
Quarterly
Liridsay Light
2-8
2-20
2-10
2-10
2- 7
2-4
3- 1
4- 1
3-15
6-11
Lincoln National Life Insurance Co.
2- 1
3- 1
3- 1
3- 1
2-14
*75c
McColl-Frontenac
Hunt
5
1
+75c
Class
2-17
2-20
2-15
2-20
2-20
3- 1
3-15
2-14
2-21
3- 1
3-10
3- 1
3- 1
3-10
3-1
3-10
5
3-
(accum.)
Liggett
3- 3
2-15
2-13
4- 7
2-28
2-14
2-15
2-14*
6-10
3-14*
2-15
2-28
2-17
$1.25
90c
37V2C
(quar.)
5
8-
11-
(accum.)
Life
—
Houston Lighting & Power (quar.)
Howard Stores Corp., common (quar.)
Idaho
3-15
3-18
2-26
3-27
sT
8-15
preference
(James) & Sons Co. (initial)
Legare Co., Ltd., 6ft preferred (accum.)
Leland Electric, 5ft preferred
(quar.)
3-12
3- 3
3- 1
4-21
3-15
3* 1
3- 1
2-24
6-27
50c
$1.06'A
5-15
11-15
*7 5 c
Extra
Co.—
quar.)
4-30
*25c
Lees
2-15
2-15
2-15
25c
30c
25c
50c
25c
$1
10c
50c
1
preference
(quar.)___
Le Tourneau (R.
G.), Inc., $4 pfd.
Lee (H. D,)
Company (quar.)
1
3- 1
3- 1
343/ac
25c
87Vic
5-
convertible
$2.50
2-14
2-14
2-14
2-14
4- 1
3-15
3-15
3- 1
3- 1
3-15
3- 1
3- 1
3- 1
3-12
4- 1
2-21
3-15
2-14
convertible
Leath
3-
25c
50c
30c
25c
1
2-
1
5C
Lanston
3- 3
2- 7
3-10
3-10
2-10
2-28
2-28
2-19
2-15
$1.12Vi
50c
1
1
3-
7ft
2-14
25c
$1.50.
25c
2-
7ft
2-1
5-1
8-1
11-1
2-14
$1.06'/4
$4.25 preferred (quar.)
Harbison-Walker Refractories,
2-15
1
7ft
40c
B
Extra
3-15
33-
Extra
25c
50c
25c
Extra
2-12
25C
2"28
25c
$1
25c
50c
preferred
Hammermill
4V4%
Co.
Lansing
3-17
3- 1
4- 1
4- 1
3- 1
3-15
3-15
3-10
3- 1
2-10
2-25
25c
(quar.)
(quar.)
2-14
2-14
2-14
t7c
$1.12Vi
$1.06J/4
t22Vic
Hamilton Watch Co., common
5%
Inc.
2-28
2-28
2-28
3- 1
3-10
2-20
25C
Lang (J. A.) & Sons, Ltd. (quar.)
Langley's Ltd., 7ft conv. pref. (accum.)
25c
(quar.)
4-15
3-31
25c,
(quar.i
2-14
2-14
2-14
2-14
2-14
3-1
6-1
9-1
12- 1
3- 1
10-15
$3
2-14
t20c
tSOc
J-20c
t20c
75c
7-15
1
10c
2-28
2-28
2-28
2-28
2-28
2-28
2-28
2-28
2-28
4- 1
4- 1
1
*$1.75
—
Lane-Wells
811-
3-15
25c
Quarterly
Quarterly
Lane Bryant,
Liberty
Extra
&
Co.,
1
*18C
(M.
Machine
5-
*40c
(quar.)
H.) Inc., common
preferred
(s-a)
Landis
9-15
Ltd.—
2-28
50c
Quarterly
Corporation
Hajoca
4Vi%
2-14
2-14
2-14
30c
$1.25
Quarterly
Quarterly
Horn
2-14
2-14
2-28
2-28
2-28
6-16
1
25C
preferred
$6
1
12'Ac
Lake of the Woods Milling Co.,
Common (quar.)
7ft
1
7-
15c
Clay Products
Shore Mines, Ltd.
(quar.)
Lamston
4-
10-
$1.75
—
-
1*31
$1.75
preferred
preferred
Laclede-Christy
(Canada) —
Gypsum Lime & Alabastine
Quarterly,
Hooker
2-28
4 Vic
4c
IVfec
3 Vic
Extra
6,%
2-28
2-28
2-14
2-14
2-14
4c
Shares
Extra,
Class
2-28
2-28
Holder*
1
$1.75
(quar.)
(quar.)
La Plante-Choate Mfg. Co
La Salle Wines & Champagne
Lake
3-
$1.50
\V?C
Shares
—
Railroad
Hanna
2-14
When
Payable of Rec.
$1.50
lc
Bond
Extra
<kc/o
2-28
2nd
$1.50
5c
Extra
Railroad
Hallnor
2-14
2-14
2nd
7%
60c
lc
lc
5c
3Vic
5c
Shares
Extra
Steel
2-14
2"28
2-28
13c
5c
Shares
Merchandising
International
2-21
2-28
25 a
-
Glass
2-18
3-
10c
—
7
3-12
25c
-
Extra
2-14
2-14
2-28
Share
of Company
7ft
Illinois
5-15
$1.06 %
Shares
Extra
3-
25c
common
Fullerton Oil Co., preferred (quar.)
General America Corp.
(quar.)
General American Transportation Corp
General Cigar Co.,
4-
8-15
4ft preferred (quar.)
Low-Priced
2-17
$6.50
-
Investing Company Shares
Guantanamo Sugar Co.,
2
50c
50c
50c
$1
75c
Machinery Shares
Institutional Bond Shares
Gruen
9-
$2.50
Industrial
2-10
9-15
$1
Bond Shares
2-28
5 Vic
1 Vic
Extra
General
2-14
2-14
2c
8c
IOC
Extra
Fully Administred Shares
2-28
2-28
2-28
5C
9c
Shares
Equipment
Shares
2-25
2
25c
50c
25c
25c
37Vic
Electrical
2-14
2-14
2-14
4c
Shares
Extra
2-17
6-
$1-25
$1.25
$1.25
30c
Chemical
3-20
6-16
Name
Kroger Co., common (increased)
6ft' 1st preferred (quar.t
1st preferred
(quar.)
1st
6ft
preferred (quar.)
7ft 2nd preferred (quar.)
2-14
2-28
2-28
2-28
9c
4c
lc
Aviation Shares
Building Shares
Food
2-28
1 Vic
Extra
2-20
$1.50
$1.50
$1.50
$1.50
Per
Holder«
I.Vic
Shares
1
1
When
6Vic
1 ViC
3c
8c
6 Vic
Extra
Automobile
Monday, February 17, 1947
Payable of Rec.
6Vic
Agricultural Shares
1
3-
3-
$40c
$1.25
Per
3-10
4-
3-15
25c
$1.25
75c
Share
Company
Group Securities, Inc.—
Petroleum Shares
3-10
—
(increased)
of Porto Rico (quar.)—
Fateiaff Brewing Corp
Fanny Farmer Candy Shops, Inc. (quar.)—
Ferro
3-21
25c
50c
Fairbanks, Morse & Co.
Federal
2-24
30c
(quar.)
(quar.)
(The)
Falardo
6-20
30c
preferred
Ej&rp
1
3-15
2-15
Faber, Coe &-Gregg
Fair
8-25
8-15
7
2-15
Extra
5%
8-15
1
60c
——
——
8-25
I
1
(quar.)
El* & Walker Dry Goods
Empire District Electric, 5ft pfd. (quar.)—
Equity^Corporation, $3 conv, pfd. (accum.)Equitable Life Insurance Co. of Canada—
Erie Railroad Co.,
2-m 7
3-
$1-75
Dunn Steel Products Co.
El
2-
1
3-
$1
preferred
4%ft
2"
1
50c
15c
(quar.)
Inc.,
1
3-
3-
-
.
Dun
33-
7-
Name of
of Bee.
*25c
Donohue
Dumont
Holder#
When
Share Payable
Name of Company
Diamond
FINANCIAL CHRONICLE
THE COMMERCIAL &
'
'
■
2-25
15c
$1.75
*750
3-
1:
2-1 r
2-15
2*28
2-X%
3-10
2-16
•
Volurtfc* 165
Ntfftlber
-•
■igrir.i1 rrT«r
witfih'
■■ .i
1
-
'
Name
/U5»Bc'i
it
.
v
QfCompany^" i
_
Share
^
Station*? C$iricl£r Gas, common (quar.)
4Y4% ! jfmeriSed. (quar.)
$1.06
3-1
2-10*
3-10
2-17
6%
1-31
5%
3-
1
2c
5-
1
4-21
5%
pfd.
2c
2c
tl5c
(s-a)__
1
3-15
4-
1
1
7-31
$1.25
8-15
4-
1
3-15
25c
3-
1
2-14
2-24
2-
4
$1
2-24
2-
4
2-21
2-12
20c
3-15
15c
3-15
3-
4-
1
1
2-
Industry
3-
3^10
2-20
5%
3-
2-11
Y/o
50c
$1.50
2-25
2-
5
2-25
2-
5
2-25
2-
5
2-25
2-
5
2-
5
2-25
2-
5
2-25
2-
5
10c
Speculative
(quar.)
«Oak
Co.
Ohio
Power
River
Ohio
Water
Old
Ben
Old
5%
2-25
2-
5
5%
40c
3-
1
2-12
50c
3-
1
2-14
f50c
3-10
2-28
Co.
(quar.)
Co., 4%%'pfd.
Sand,
7%
5%
2-20
2-
150c
3-15
2-14
$2.50
3-10
2-13
3-10
Service
Coal
Co
Corp.
40c
3-10
2-27
50c
4-
3-24
$3.50
8-
Oxford
Paper Co.,
(Pacific
$3 preferred
2-20
2-14
2-21
2-14
3-10
2-
(quar.)
&
Transport
Stow
&
6%
preferred
(accum.)
Wilcox
Peninsular Telephone Co., com.
(quar.i
Penney (J. C.) Company (quar.)
Pennsylvania Water & Power Co.—
(quar.)
preferred
(quar.)
St
Gear,
Paul, Inc
Pettibone Mulliken Corp.
Pfaulder Company
7%
pfd.
(quar.)_
(increased quar.)..
non-cum.
preferred
preference
(s-a)
3-14
3-
3
3-15
3-
1
2-26
1-24
4-
1
2-25
3-
1
1-27
3-
1
2-
3-
1
2-15
3-31
6
3-
7
2-20
3-31
3-14
2-28
2-14
125c
$1.75
4-
2
2-25
3-
1
preferred
preferred
com.
(quar.).
(quar.)
convertible
JBittisburgh Steel
5%%
preferred
3-15
3-
2-25
2-
5
2-24
2-
4
preferred
(quar.)
Mfg. Co., $3.65 preferred
Co.
Roebuck
Second
(Del.)
&
Co.
Canadian
Co.,
Ltd.,
10c
5-
1
4-25
$1.06%
1
3-
1
3-
1
2-20
3-15
5%
$4 preferred
3-15
2-28
3-
2-15
$2
Portsmouth
Co.
Potomac
Steel
of
Corp.
Seeman
America
Class
pfd.
B
1
A
(W.
(quar.)
Inc.
class
A.)
non-cum
partic.
Proprietary Mines, Ltd.
Prosperity Co., class
preferred
((jhrterim)
Shellev
4%
Sherwin
7%
Williams
(quar.)
Transport Co.
s-a)__
1
3-12
4-
1
3-7
|1.?2%
4-
1
3-
15c
5-
1
15C
5-
60C
4-25
3-20
3-
1
2-10
5-
1
4-10
$1.12%
3-
1
2-14
$1.75
30c
Silverwood
3-15
Simon
1
3-15
Simonds
3-21
4-15
3-21
3-
1
2-20
3-10
2-21
2-10
3-
I
2-18
3-28
3-12
3-1
2-10
3-31
2-28
3-31
2-28
Union
4-
1
3-14
4-
1
3-14.
4-
Saw
4%%
Sioux
Brewery
& Steel
Ltd.,
class
quar.)
preferred
preferred
Common
Soundview
6%
Pulp Co., com.
preferred (quar.)
South
Bend
Lathe
Porto
Rico
3-
1
2-11
New
1
2-11
Southern
com.
common
quar.)
2-15
Southern
Advance
Bag & Paper—
(quar.)
Power
Co.
participating
preferred
Natural Gas Co.
Southern
Railway
non-cum.
preferred
1
non-cum.
3-
preferred
2-15
5%
non-cum.
3-
1
2-15
Southwestern
1
2-15
preferred
Sovereign
2-
8
3-: 5
3-
5
30c
3-15
4-15
2-27
34-
2-
5
5
7
Public
Service,
Company,
2nd
$5.50 1st pfd.
preferred (quar#l
Accident
Standard
Brands,
Common
$3.50
preferred
&
—
3-
1
2-15
U.
7-1
U.
15C
1
U.
3-15
4-
1
3-12
2-25
1-16
2-25
2-15
2-25
2-15
3-14
2-13
3-
1
2-15
5-
1
4-10
4- 1
3-10
3-15
3-
1
3-15
3-
1
3-15
3-
1
3-
1
3-15
3-
1
2-15
3-
1
2-15
4-
1
3-12
2-28
f30c
3-
1
2-
7
3-
1
2-
7
2-28
2-14
3-15
2-20
2-25
2-
3-15
2-15*
3-
1
3-
1
2-21
1*
2-15
2-15
2-10
3-10
3-
1
2-10
2-
1
3-15
2-14*
75c
2-28
2-15
2-25
2-15
60C
2-28
2-14
2-17
12-16
3-
1
3-
1
2-14
2-15
3-15
5-15
4-18
5-15
4-18
2-20
4-15
3-20
3-12
3-
3-15
2-15
3-15
2-15
6-16
5-15
9-15
8-15
3
3-
1
1-31
2-20
1-31
$1.50
3-15
3-
5
$1.37%
3-
1
2-15
$1.37%
3-
1
2-15
Insurance
(quar.)
quarterly
(quar.)
preferred
3-10
2-20
50c
2-14
(quar.)
1
2-14
$1.25
(quar.)
3-15
3-
.
1
$25c
2-28
J50c
2-22
25c
3-10
2-24
50c
3-
4
2-2.1
4
/■
2-21
3-
$1.75
1-31
■
;v
1
2-LO
58 %C
3-
1
53c
3-
I
2-15
50c
3-
I
2-15
{2-15
$1.25
4-
1
,
3-17
7-
1
6-16
50c
Leather
S.
non-cum.
Quarterly
Verney Corp,
Viceroy Mfg. Co.,
Chemical
Class
B
2-15
2-28
7-
I
6-10
1
3-15
4-
I
3-15
$1
3-10
2-
7
$1.75
2-20
2-
3
10c
3-
1
2-20
25C
3-
I
2vl5
v.
$1.06%
I
2*15
40C
m-12'
15c
.43-12
'2-28
2*7
15c-
3-
$1
62%c
7
4-
1
3-21
62%c
7-
1
6-20
62%c
10-
1
9-20
1-2-48
12-22
62%c
75c
3-
1
$1.37%
3-
1
50c
3-
3
2-14
4-
1
3-20
7-
1
6-20
1
2-20
2-20
3-
3-15
3-
3-
I
2-14
$1
3-
I
2-18
5-
1
4-15
37%c
8-
1
7-15
13%c
3-15
3-5
-
(monthly)
2-15
3-15
13 %c
Corp
3-
15c
Corp., $4.50 preferred
prior preferred (quar.)_
m
2-25
37%c
(quar.)
rt
Mt
i,/2-27
*9c
(monthly)
Mfg.
1
3-
5
I
2-14
4-15
3-31
75c
3-31
'3-15
$1.50
3-20
3-10
(accum.)
$1.50
Vulcan
7%
Detinning Co., common—
preferred (quar.)
Waite Amulet Mines, Ltd. (irreg.)
Walgreen Co., common (quar.)
4%
preferred (quar.)——
Walker & Company, class B
Walker (Hiram) G. & W., Ltd. (quar.)
Warren (S. D.) Co., common
$4.50 preferred (quar.)
Warren Petroleum Corp. (quar.)
Washington Railway & Electric—
Participating units
5%
preferred (s-a)
5% preferred
(quar.)
5% preferred (quar.)
Wayne Pump Co
Wellman Engineering Co.
(year-ena)
$1.75
4-19
4-9
$20c
40c
3-10
2-10
3-12
2-17
$3
—-
Western
Condensing
Stock dividend
Co.
Weston
Chlorine
(William)
Wilkes-Barre
$4.25
2-1
2-
$1
20c
22%c
$2.50
$1-25
—
$1-25
50c
33-
I
1
3-
7
2-15
;
4
2-15*
2-15
1
2-28
2-15
6-2
5-15,1
3-
2-lS
6-
1
2
4-
5-15-.V
1
3-19
±5c
12 %c
3-
$1
3-
1
2-15
75c
$1.50
3-
1
-2-17'
3-
5
2-2d-:
3-
5
2-20
1
■2*14*;:;
2-26
2-
8
,
(one share of Golden State
shares he-Id)—25c
Products
(George), Ltd.,
Whitman
2-17
3-15
2-20
3-15
$1-12
(quar.)—
(quar.)
(initial).—
Co., Ltd., for each 50
Westinghouse Air Brake
Westvaco
,
10c
Co., common
Wesson Oil & Snowdrift, $4 pfd.
Western Auto Supply Co.
:
t30c
Wentworth Mfg.
Wilson &
1
3-L0
4-
15c
15c
Vifginian Railway—
6% preferred
(quar.)
6% preferred (quar.)
Visking CorporationA
2-14
30c
Lace
common
(increased)
4%%
Mfg.^
1
2-10
26c
3-
1
2-1 f
3-
1
3-
I
2-irflp'is
2-ll>;©:;^
50C
3-10
(quar.). $$1.12%
pfd.
$1.50
Co.
Company, common
preferred (quar.)
3-15
3-
95c
(quar.)__
35C
87 %C
Corp.
2-21
2-28
25c
(irreg.)
5
3-15
8-30*
11-29*
3-15
50c
(quar.)
3-
3-
9-20
12-20
20c
Ltd.
Co.
36 %c
2-14
5-31*
40C
(quar.)
Virginia Coal & Iron Co.
Class
2-18
2-28*'
6-20
22 %c
Sugar
Knitting Co., common (quar.)
5% prior preferred (quar.)
5% prior preferred (quar.)
5%
piror preferred (quar.)
5% prior preferred (quar.)
Valley Mould & Iron Corp., com. (increased)
$5.50 prior preference (quar.)
Vanadium-Alloys Steel
Inc.,
,3- 1
1
3-20
50C
Utica
Vogt
3-
^
4
40c
Utah-Idaho
Vick
.3-15
$1
Freeze,
2-
40c
(quar.)
Corp., common
>
preferred (quar.)
Universal Camera, class A
Universal Insurance Co. (quar.)——j
Universal Pictures, 4%% preferred (quar.).
Universal Products Co.
(irreg.)
Upson-Walton Co. (quar.).
Velvet
9
-i
40C
7%
Weston Electric Instrument
3-15
A
>
5-19
2-28
,
Steel
S.
2-17
6-
3 5c.'
$1.06%
Extra
U.
3-10
$1
(N. J.), common
preferred (s-a)
Playing Card Co. (quar.)
S.
2-17
•
2-24
$2
4%%
4-15
1
class
t
3-10
$2
...
Lines Co.
Co.,
2-24
4•
$1
—
S.
4-1
$1.25
Shoe
2-26
40c
3-
$1.25
1
87 %C
2-14
$1.29
common
3-12
2-15
3-
Seai Corp.—
convertible
17V2c
93 %c
(quar.)
(quar.).
Products Co.,
5-
3-10
3-15
50c
..
'.,2-10».v.
3-10 1
I
Westinghouse Electric Corp.,
3%% preferred A (quar.)
3.80% preferred B (quar.)
60c
$1.12%
25c
;r
,.3.-20
(quar.)
participating preferred
Rubber Co., common (irreg.).
8% preferred
(quar.)
8%
preferred
(quar.)
Inc.—
(increased
Cap
—
■■
2-28
Circuit—
class B
$1
"preferred (quar.)
Standard
$1.60
3-10
10c
(quar.)
Spencer Kellogg & Sons, Inc.—
Increased quarterly
Spiegel, Inc., $4.50 preferred (quar.)
Squibb (E. R.) & Sons, common
Standard
3-10
1
50c
commop
Investors, Inc. (quar.)
Sparks-Withington Co., 6% pfd. (quar.)
$4
2-
1
$1.25
(quar.)__^
'
,2-28
;
Machinery Corp. (cxtrd)
U. S. Graphite Co
U. S. Hoffman Machinery, 4%% pfd. (quar,;
U. S. Pipe & Foundry Co. (quar.)..
Quarterly
Quarterly
Quarterly
1
,$1.25
(quar.)
(quar.)
rr-
2-18
S.
United
4-
75C
(quar.)—m
5%
3-
U.
4-
$1.25
5%
4-
common
preferred
(quar.)
preferred
preferred
5%
3-
37 %C
4-15
3-10
5%
15C
$$1.50
(quar.)
2-14
2-13
Co.,
(quar.)
25c
Theatre
preferred
United Milk
$20C
25c
(quar.)
1
1
3-20
2-10
37 %C
(auar.)
(quar.)
3-
3-20
2-13
1
*25c
California
'
1
3-1
...
$1.12%
3-
4-15
3-il
3-
40c
..
2-15
4-15
1
35c
(quar.)
(special)
1
f75c
3-
Lines—
3-
.
<3-15
$1.50
(increased
»
2-18
Corp.—
Vulcan
(initial)
preferred
&
.
HOC
25C
Works
Sugar
2-28
3-
.
2-26*
2-14
J30C
^
'2-14
2-11
Canada, Ltd. (interim)
United Electric Coal Cos.
(quar,).-.
United Engineering & Foundry, common...
'7%
preferred
(quar.)
United Light & Railways Co.—
1
,7% prior preferred
(monthly)..
6.36%
prior preferred (monthly)
6% prior preferred (monthly)
4-18*
35c
3-12
$5.50
7
1
40c
Southern California Edison Co., Ltd.—
6% preferred B (quar.)
Spear
3-
25c
2-15
6%
1
1
87 %C
2-
4%%
4-
5-
$1.12%
•
quar.)
$—-—.......—L
United Corps., Ltd.,
United Distillers of
4-18
3-
97 %c
1
2-15
4-30
91V4C
41 %C
2-17
2-15*;VV*.,
^
•—
—
Artists
5%
1
I
(increased
convertible
United
*
■
United Merchants & Manufacturers—
3-12
25C
(quar.)
1
3-15
3-10
$$1.12%
3-
2-15
2-15
1
2c
50c
J
1
4-
60c
3-
3-
3-
t75c
3-
2-15
8
$ $ 1.25
50c
2-15
3-
3-20
f20c
—
(increased quar.)
Southeastern Greyhound
1
3-20
62 %C
3%%
preferred (quar.)
Socony-Vacuum Oil Co
South
1
1
15c
common
Sivyer Steel Castings
Smith (Alexander) & Sons
Carpet Co.—
2-15
3-
3-
3- 3
50C
(quar.)
2-15
3-
3-15
3-12
Ltd.—
(irreg.)
(interim)
City Gas & Electric,
$3.90
1
$1.50
8
4-15
$1
(quar.)
1
1
3-
10c
(quar.)
3-
2-18*
3-15
10c
.■
A
3-
3-
Car
Aircraft
5%
2-26
2-15
1
$$1.75
Co.
3- 1
ii.
Salle Street Corp. (quar.)__i.
Extra
jf'
3-2S
•
California, $3.75 pfd. A (quar.)
(quar.)
Tank
United
2-25
Dairies, Ltd., 40c partic. pfd
Company
& Sons, Ltd., common (quar.)
3-
1
3-14
3-
50c
20c
3-
1
3-26
50c
(Wm.)
-
■
Uarco, Inc.
_UL
Union Bag & ?Paper (increased
quar.)__.^
Union Asbestos & Rubber (quar.)
Union Oil of
J20C
25c
7
208 South Ld
4-15
50C
Simpson's,
I
ilOO
Extra
2-25
i-25
(quar.)
Coal
Truax-Traer
2-14
2-25
(quar.)
preferred
Bearing Co.
Elevators, Ltd.—
1
3-15
Canada,
2-14
■f. ;a-i4
Lu
Lu
Roller
3
3-15
of
(quar.).
(quar.).
com|t\on 1 (initial)
5-
25c
quar.)
Co.
2nd preferred
(quar.).__^_.L-.^i.._-
.
3-15
3-15
Signode Steel Strapping Co.,
5%
preferred
(quar.)
4-15
2-20
New
3-
3-15
(quar.)
Simmons
4-
3-10
25C
25C
Simon (H.)
1
4-15
23c
(quar.)
B
3-
4-
Timken
4-15'1
(quar.)
Extra
3-15
7
1
2-25
2-24
Symington-Gould Corp, i (resumed)
Syracuse Transit Corp,
Talon, Inc.
Texas Company, (quar.)i^c
Tide Water Associates Oil
(quar.)
Thompson Products, Inc., common
4 %
preferred (quar,)
Toronto
12 %C
4%
Company
Swift International Co., Ltd.—
Deposit certificates (quar.)
4-15
7
&•
/
w
Special
31 %c
Extra
Class
2-15
$1.25
(increased
4-
35c
25C
Signal Oil & Gas, class A (quar.)
1
25c
preferred
Provincial
1
Pen—
preferred
3-31
25c
_fbs.
11-
Investment
Mfg. Corp.
(increased)
preferred (quar.)
4-
t3c
A_i£\
B
1
35c
50c
$$1.50
(quar.)___
12-
(quar.)
A
(initial
common
50c
10c
Corp of Canada, Ltd.—
1st preferred (quar.)
—
(quar.)
(increased
1
$1.37%
Company
J40C
85C
(quar.)
Servel, Inc., $4.50 preferred (quar.)
Shawinlgan Water & Power Co. (increased)
2-20
35c
(quar.)__
1
2klO
71
$3
Extra
25c
(quar.)
1
8-
15c
Corp.,
25c
Electric Power, 6%
preferred
(quar.)
5%%
1
5-
2
25C
International
Brothers,
Serrick
3-
37%c
(initial)
2-
1
9-
25C
(quar.)
Southern
(quar.)
1
6-
t$1.50
4%
preferred
10c
$1
pfd.
3-
45C
40c
(quar.)
Poor & Co., class A $1.50
Class B
1
$1,283
$1.37%
(quar.)
2-15
2-
50C
Seisemograph Service Corp. (quar.)
Segal Lock & Hardware Co., $2.50 preferred
2-28
$1.25
(accum.)
1
1
f 40c
<
33-
25c
participating preference
Secord (Laura) Candy,Shops Ltd. (quar.)—
Securities Acceptance Corp., com. (quar.)
Common
common
3-14
2-21
Common
Co.—
prior preferred
Pillsbury Mills, Inc.,
1
50c
15c
(quar.)
4-
Oil,
preferred
6%
Swift
2-10
New
2-15
Swan-Finch
2-21
3-14
25c
Extra
3
2-20
1
3-10
Oil
'2-10
(increased quar.)—.
Oil Co.
(quar.)—
Corp.
(quar.)_i_——
Superior Tool & Die Co. (quar.)i.
3-15
2-25
$3.40
2-15
37 %c
Super-Gold
4-
$1,12%
50c
Extra
Pitney-Bowes, Inc. (increased quar.)
Pittsburgh Coke & Chemical Co.—
j3el3
15c
$1.25
(quar.)
(quar.)
91 Vic
Phillips Petroleum Co. <quar.)__
Photo Engravers &
Electrotypers, Ltd. (s-a).
2-20
$1.25
(quar.)
25c
Extra
3-14
10C
3-20
25c
Philadelphia Suburban Water,
1
25c
2-
30c
common
4-
3-13
50c
$1.25
(quar.)
Shops
St. Regis Paper—
4.40% 1st preferred A (initial)
Scott Paper Co., common (quar.)
,2-10
30c
25c
common
Philadelphia Suburban Transportation—
Quarterly
Class
1
25c
Philadelphia Electric Co.,
Potter
2-12
3-
25c
Brewing Co
Philadelphia Company—
Potash
1
$1.75
30c
IPfeiffer
$3.65
3-
3-15
1$1.75
$1
Peter
5%
conv.
2-17
Sun
20c
—
13c
J25c
$1
Machine
4%
Scovill
$1.25
(quar.)
Extra
Perkins
50C
50c
Saco-Lowell
Seaboard
$1
Peoples Gas Light & Coke
2-17
Ryan Aeronautical Co.
5%
Common
1
50c
(quar.)
Foods, Inc.—
Fine
3-21
35c
(quar.)
"Peabody Goal Co.,
W.
2-10
20c
(quar.)
(quar.)___
pi'eferied
% %
&
2-13
25c
common
1-16
3-
$i,3i'/4
pftrtfrajmtiiigJ preferred
1
Co.—
&
Mfg. Co.,
preferred
4
3-15
—
2-25
25C
,
(quar.)_
Ruppert??(Jtij&bb), dommon
S.
2f
-
Strawbridge & Clothier, 6% prior pfd
Suburban Prophane Gas (increased)
87 %c
Brothers, Inc. (quar.)
Royal Crown Bottling Co. of Louisville—
3-10
$1
Corp
—;
Storkline? Furniture Co;
$25c
••
Roos
6%
Camp, common
5%
prior preferred (quar.)—
Stonega Coke & Coal
2r: 7>»
J40C
j-
(quar.)
(increased quar.)
Works
t* li
65c
:
„
■
'Stokely-Van
2-28
J40C
preferred
AftiiMCtal
Ronson
"
3-15
25c
Corp.
40O
20c
-
Stores- (increased. quar.);
3-1
Electric, 4% pfd. F (quar.).
$1
Rolland
Paper Co., Ltd., 4(4% pfd. (quar.)_ t$1.06'/4
4(4%" preferred (quar.)
f $1.06 (4
2-28
30c
(accum.)
Common
7%
4-
75c
C.)
Oil
Sheaffer
Co., 40c pfd. (quar.)
Parkersburg Rig & Reel, $4.25 pfd. (quar.)__
Raton
3
5%
dividend)
Irregular
(S.
7-21
3-10
2-21
75c
Economic
Pan-American Petroleum
Parker
1
25c
50c
(cash
Mills
Palestine
1
$1.50
30c
(initial)
Ribbon & Carbon
dividend
Stock
Richfield
2-13
1
$1.12%
(accum.)
2-14
Rochester Gas &
15c
(quar.)
preferred
A
;. •
7
„
.
30c
.
(quar.)
series
Sears
Ontario Beauty Supply
Co., Ltd.—
Participating convertible preferred
Outboard Marine & Mfg. Co
5%
5
15c
Town
.
2-
15c
Gold
Ohio
5%
2-25
$$1.50
Mines, Ltd.
(irreg.)
Mills, Ltd., common (quar.)__
preferred (quar.j
7%
6%.
5
i-i,
Brothers, Ltd; 1 (quar.)
Sterling Drug, Inc. (quar.)
*25c
—
Dry Goods Co., (quar.)
& Co., common (quar.)
preferred
(quar.)
prior preference (quar.)
15c
Flour
3-10
1
30c
Stix
37 %c
(quar.)
Manufacturing
■O'Brien
Ogilvie
6%
2-
60c
Light & Power—
6%
preferred
(quar.)
Nu-Enamel Corp.
Candy
Common
2-25
Cement—
(year-end)
1
3-
*25C
Rockwood
40c
Co.
2-5
4-
Stedman
$1.75
--m—
(quar.)
Rheem Mfg. Co., 4%% preferred
Rice
50c
Co
-,
' 42.1
i
Works
.
$1.25
oreferred
5
Scotia
Nutrine
5(4%
5
$3
:
1
(quar.)..
—
2-
5c
3-31
3-
60c
(quar.)—™_
Republic Investors Fund—
6%
preferred A (quar.)
6% preferred B (quar.)
Republic Natural Gas Co. (s-a)
l'—L.
Republic Petroleum Co. com——
Revere Copper & Brass, Inc.,
common-.,—
5
Shares
Quarterly
Nova
preferred' (quar,)
2-
18c
Gas
Pharmacol
$4.50
'
:
,
Extra
2-28 !:'
2-28 f
$1.25
—!
preferred
(quar.)
preferred (quar.)..
$1.60 non-cum.
preferred
(quar.)
Reliance Manufacturing (111.) —
3%% conv. preferred (quar.)
-l_
Remington Rand, Inc., common—
2-25
Corp.—
Norwalk Tire & Rubber
Power
2-
2-25
2-14
3-31
$1.75
non-cum.
2-25
10c
Fund
Northwestern States Portland
35>
5
3-15
25C
non-cum.
$1.60
Xvi'
.v
*.>
Standard
50c
Reed-Prentice Corp.- (quar.)
Regent Knitting Mills, Ltd., common
$1.60 non-cum. preferred (quar.)
$1.60
'••"*-*•••*-
'.^Standard
2-14
Stercht Bros.
Hosiery Mills, Inc., com.
prior preferred (quar.)—
preferred (quar.)
4c
.y
,
5
2-
2-14
2-14
*
Silk
8c
Extra
$1
5
2-
2-25
6c
Common
(increased quar.)
$2 convertible preferred
(quar.)
North Carolina
RR., 7% guaranteed (s-a)__
North River Insurance Co.
(quar.)
Northern Insurance Co. (N.
Y.)
(s-a)
$5
2-
2-25
series
Noranda Mines, Ltd. (reduced)
Norfolk & Western
Railway, common
Extra
Peck
2-25
7c
6c
Investment
Real
5
2-25
l
Newport Electric Corp., common
(quar.)
Newport News Shipbuilding &
Dry Dock—
Quarterly
Niagara Lower Arch Bridge Co., Ltd.
(quar.)
Noma Electric Corp. (stock
dividend)
"Norwich
2-
7c
Equipment Industry
Industry series
Industry serie-s
Liberties
2-25
7c
Tobacco
Northern
5
6c
•
Car
5
2-
10c
series
American
2-
2-25
6c
series
.Railroad
North
5
2-25
8c
series
series
Diversified
5
2-
6c
series
Diversified
2-
2-25
8c
Industry
■Steel
2-25
7c
•Government Bond series
.Insurance Stock series.
JFSailro*d
2-14
5c
Supply Industry series
Equip. Industry series
Industry series
.Electrical Equip.
Industry, series
JFood Industry series.
1
.Merchandising
2-14'
1
1
5c
.Building
.Metals
3-
3-
3
10c
series
.Business
•Oil
1
3-15
3-15
,3-15
$1.25
__
L——
1st preferred
non-cum.
...
-
—
Co., common (quar.)
preferred (quar.)
4%
60c
series
Industry
$2
$1.25
Purity Bakeries Corp. (increased quar.)
Purity Flour Mills, Ltd;, com. (initial s-a)
Quaker State Oil Refining Corp. (quar.)
Quebec Power Co. (quar.)
Ray-O-Vac Co. (quar.)
Rayonier, Inc., $2 preferred (quar.)
neading Co., Y/o non-cum. 1st pfd. (quar.)_
50c
•Chemical
machinery
3
2-11
'
Oil
50c
'
series
Stock
2-28
1
.
$1. 60 convertible preferred (quar.)
Standard Forging Corp.
(.quar.)^-^,^.^.
Standard Oil of California (quar.)
Standard Oil Co. (Indiana)
(quar.)
Standard Pavings & Materials, Ltd.
Participating
•
2-11
3-
87 %C
...,....
(Preferred „,(quar
$1.75
$5 preferred (quar.)—
7% preferred (quar.)—
3-15
93%c>
1
..
Standard ,Dredging CpiTPrT^
2-15
/,.«*i
i'v--,/<
5:
.
5%
v.
of New Jersey
—
Agricultural Industry series
.Bank
Corp.
—
$1.50
3-1
f.
..
15
3-
,——
5%
2
Indiana—
of
public Service Electric & Gas—
7-31
62%c
2-15
3-I;
dividend)
preferred (quar.)
6% preferred (monthly)—J
Pure
3-1
50c
4l%c
$5
2-19
8-15
58 %C
,
preferred, (quar,)
preferred, (quar.)-
7%
'
3-15
3-
vi
.
(monthly);
Co.
Service
8 %
,
,
2-24
4-
$1.25
Casualty
Industry
3-15
<;
—
.Jersey Zinc Co.;—.'i.
World Life Insurance
New York Air Brake Co
New York Dock
Co., $5 preferred
New York
Stocks, Inc.,-—•
Dist.
Public
•
2-18
50c
New
&
3-3
1
Coloraddrr..
1/20 Share Indiana Gas & Water Co
3%% preferred (quar.)____:
—u-j.
3-3
1
3-
10c
New
Alcohol
1
4-
25c
(quar.)
Automobile
4-
of
,
NatiieolCompany
^:;Standarji' Cherpicjai,''
..
(monthly)—
(stock
;vr»yo,
•
(monthly)--
preferred
Public Service
7-22
10-20
$1.12%
Cotton
Amsterdam
1
$1.75
Neisner Brothers, Inc. (quar.)
Nestle-Le Mur Co., nlassr A (accum.)
preferred
8-
10-30
137%0
$1.12%
National Pressure Cooker Co.
(increased)—
.National Tea Co., common
(quar.)
.National Union Fire Insurance Co.
(s-a)
Extra
3%%
preferred
preferred
Common
National Linen Service
Corp., com. (quar.)..
4Va%. preferred (quar.)
National Oats Co.
in.J
L
National Paper & Type
Co:,
5%
preferred (s-aii
Y/o
i
1-31
(quar.)
"JWttHUli"' iUi'i
Public Service Co.
3-10
J15c
(quar.)
Common (quar.)
National Grocers
Co;,-.Ltd., common (quar.)
$1.50 preference' ,-,-1National Gypsum Co1.,- $4.50
ptd. (quar.)
National Lead, Co., 7% pfd., A
(quar.)
New
2-10?.
45c
Common
3Naumk#ag Steam
3-10
"US
'
Name of Company
-
$12%c
National Da|ry Products Corp.
(quar.)
National Drug & Chemical
Co., common.
Convertible
preferred
(quar.)
National Electric Welding Machine—
Common
'b'Jf--'
When
Holder*
Payable ot itic.'
20c
3- 1
3-
2-15.
!
2-24
2-15
1
WMi
245^^;
25c
3-
1
M&iS
20c*
3-
I
2-10
4-1
3-17
.
$i.oe%
Wm
,
v"
When
per
'-'f Name of Company
$1.50
90c
3- 1
3- 1
4-30
3- 1
3-15
2-28
$1
25c
;
Co.,
common
6 %
preferred (1897>(quar.)
n 4 3.60%
preferred (quar.)
distribution
Wisconsin Power & Light—
4Vi%
preferred
(quar.)
50c
3- 1
3-31
4-10
3- 1
2-15
2-28
3-24
2-10
50c
3- 1
2-10
35%
20%
3- 7
3-7
3- 1
1-31
1-31
2-20
4- 1
3- 1
2-28
3-20
2*14
2-14
10c
2-28
2-14
37'/2C
37y2C
4-19
7-21
2-7
2- 3
31'Ac
150c
f25c
Extra
-
Woolworth
W.)
(P.
25c
25c
40c
10c
Extra
Yellow
6%
Cab
(resumel)___
25c
(interim)
Young (L. A.) Spring & Wire
Consolidated Gold, Ltd.
Zeigler Coal & Coke Co
4-30
7-31
3-15
tec
20c
3-7
3-11
Yukon
__
30%
•Transfer
closed
Canadian
in
tax
for
funds,
tax
posed
15%
Canadian
stock be
common
165,
stockholders.—V.
Non¬
U.
The
tax.
12,
Dec.
The court held that all controversies con¬
conclusively determined.—V. 165, p. 816.
placed at $48
was
Net
sion
proceeds
will
944)
annual
report
This
is
the
The
accounts.
the
in
company
of
part
the
recently
by
in
($10
stock and brings the number of outstanding shares to
"alance sheet showed
150,000 shares outstanding on
common
10%
to
165,000
The
stock dividend
shares
paid off
showed
since
bank
at
also
company
In the
December
The
that
fiscal
all
of
year.
the
bank
loans
have
The Sept. 30 balance
without
expansion of
Last
.
merchandisers
and
fiscal
the
year
authorized
of
company
by
embarked
stockholders
new
expansion project,
efficient
of
on
May
and
expansion
an
21.
This
number
a
other
includes
plant
on
the
particularly
Rhmelander-Marathon
and
the
addition
including
Canadian
Marathon
concession,
Canada,
as
Corp.,
the
of
another
large
woods
the
together with
requirements
operation,
is
(Robert)
This
Rels
Co.
&
(&
Subs.)—Quarterly
1946
Sales
a
91,611
$3,873,229
189,213
PrlffL'S6alterations
,7
7",
Prov. for bldg.
& repairs
Federal & State income tax
ederal exc6SS profits tax
Postwar credit
on
exc.
$4,062,442
$5,627,861
350,000
400,000
*2,450,000
in the resumption of coastwise trade under private opera¬
and modern terminal facilities, the company's four
new
for
shares
the
share.
per
of preferred and common stock
purchase warrants, is National
shares
stock
the
of
stock
common
Continental Bank
is
&
was incorporated Jan.
5, 1945
is engaged in the business of recording, manufactur¬
phonograph records.
Between Jan. and Dec. 1945, a
modern record manufacturing plant of its own design was set up in
New York City by the corporation and early in 1946 arrangements were
made with General Electric Supply Corp., a wholly owned subsidiary
of and distributor for the General Electric Co., to act as the distributor
of Signature Records throughout the greater part of the United States.
On Dec. 21, 1945 the first record manufactured by the corporation for
New
York
and
sale
BUSINESS—Corporation
and
selling
shipped.
was
In
Jan.
the first full month of operatiens, 59,377 records were
the gross sales receipts were $14,312.
During 1946 the
of the corporation grew and in the month of Dec.
1946,
and
and
sales
1946, 433,810 records were produced and the gross sales receipts
corporation
On
Corp.
1946,
Electric
agreed
basis
a
16,
act
of
under
Corp.
and
into
Signature
for
favorable
more
with
Electric Supply
Records on
Signature than had
General
which
distributor
contract
written
a
to
1946.
,
financed
with
funds
founding-
the
by
furnished
without any public sale of stock.
group
The
corporation's modern
and has
8-hour
For
of over
of
One
the
of
of
purposes
Dec.
per
contracted
has
the
equipped
is
with
capacity of over
month
20,000 records
Corporation
presses.
plant
production
a
shift.
production
shift.
these
entered
national
as
permanent
existed during most
This
growth was
one
Signature
Supply
to
more
of the
$120,096.
were
Dec.
General
the
records
reached an
it
purchase
a
12
stock
present
average
partial second
additional new
issue is to pay for
working
day by
to
semi-automatic
a day on
24
17,000
1946,
presses.
YEAR
OPERATIONS
ACTUAL
OF
Records
Gross Sales
Produced
1946—
Receipts*
59,377
80,819
$14,312
31,249
March
126,307
51,903
121,975
237,575
57,360
90,701
373.044
116.023
248,513
226,333
247,769
86,523
96,335
84,369
January
February
August
85.470
198,475
line
connecting
*3,600000
362,69.1
2,100,000
$2,82.4,773
124 117
$1,212,442
124 117
The
Feb.
New
25,
mon
the
124 117
on
2nd preferred stock—
146,876
146',964
stock
617,743
372 027
315899
245,718
248,018
248 018
$3.80
$5 40
Earnings per share—
$10.39
After debt retirement credit of $400,000 in 1945
BALANCE SHEET,
..
NOV. 30.
1946
$579,261; other investments and advances,
building at Locust and 11th Streets, St. Lpuis,
$133,773;
at
cost
^depreciation of $1,049,073), $1,500,725; factory
i
for
land
(after
buildings
depreciation, $112,969), $159
095-
at •"* (less reserve 'or
stock of
of
no
common
par value (outstanding 245,717y4 shares), $4,030 327;
stock purchased during the year, br$65,698; earned
surplus, $6,059,812; total, $23^712,04&.—V. 165, p. 254.
s-.t
fir
>:
jni&i-'iaU
moneys
are
records produced
in a
"
corporation
PURPOSE—The
expects
161,
p.
of the corporation incident to the
issue. It also expects to receive $1,000 from the sale of Stock Purchase
Warrants.
It will use these sums for general corporate purposes and
the
of
payment
expenses
working capital.
EFFECT
GIVING
CAPITALIZATION
stock
Preferred
stock
Common
PRESENT
TO
FINANCING
Outstanding
(par 25c)
months
15
and
warrants
+ 100,000
of
the
payment
these
date
of
shares
which
shares
100,000
from
the
York
Stock
Exchange
on
Feb.
7
directed
that
of
this
are
may
hardware
concern,
and
the
Segal
not
exercise
earlier
of the
exercise of
authorized the
stock purchase warrants entitling the holders thereof to pur¬
$1.25 per share, at any time during a five year period begin¬
PURCHASE
STOCK
of
issue
at
chase
WARRANTS
—
Corporation
has
public offering, an
Up to 60,000 warrants
warrants are being sold
to
the management or personnel of the corporation.
The amount of
warrants purchasable by the underwriter will be dependent
upon the
amount
of
common
stock, sold, that is,
10,000 warrants upon the
effective date of the letter of notification and prospectus and there¬
after at the rate of 1,000 warrants for each 5,000 shares of stock sold
until the full 60,000 warrants have been purchased.
The warrants will be sold for one cent per warrant and they will
contain a prohibition against sale or transfer by the holders during the
life
of the warrants for a
consideration greater than one cent per
warrant.
They will also contain a provision requiring the written
consent of the underwriter to any transfer of registered ownership.—
ning (15i
aggregate
being
are
V.
beginning
Safety
issued
upon
per
warrants.
the
months after the commencement of this
of 100,000 shares of common stock.
sold to the underwriter and 40,000
725.
165, p.
The
St. Anthony, Idaho-—
a
company
share
of
Coalition Mines Co.—Earnings—
shares-
$118,712
1,220,467
share---—
Number
of
Earned
per
cap.
1943
$33,673
t$6,870
+$217,985
1,220,467
1,220,467
1,220,467
Nil
$0,006
$0!l8
Nil
loss
1944
1945
1946
Calendar Years—
*Net
notification with the SEC
to be offered at 25 cents
be used for development
property.
mining
Silver King
Razor
filed a letter of
Jan. 31
on
100,000 shares of capital stock (10c par),
without underwriting.
Proceeds will
for
165, p. 255.
Co.,
be
offering
share.
reserved for issuance upon
$1.25
Files With SEC—
deliveries in settlement of Exchange contracts in com¬
be made only with certificates stamped to indicate
iri name from Seeger-Sunbeam Corp. to Seeger Refrig¬
Look
405.600 shs.
+489,400 shs.
450,000 shs.
'- + 1,500,000 shs.
25c)
(par
include
not
-Does
than
606.
may
change
from the sale of
approximately $243,375
receive
to
295,000 shares of common stock, the net sum of
before
t Profit.
depletion.
—For the quarter ended Dec. 31,
1946, company sustained a loss of
$56,528 after all taxes and depreciation, but before depletion, equal
to 4% cents a share, compared with a profit of $3,549. or 3 cents per
share for like period of 1945.—V164. P- 3151 and V. 163, p. 3292.
*
After
taxes
and charges but before
Silyerwood Dairies*
The
Ltd.—Dividend Dates Changed—
on Feb. 3
announced
whereby dividends on- class 'A"
company-
by-law
shareholders had approved a
shares will be paid quarterly
April, July and October, instead of half?:
yearly as at present. The company- reported the- April 1 dividend, if
declared, will be on the half-yearly basis of 50 cents a share. The
first
quarterly on the new basis will be 15 cents a share payable
first
the
on
of
January-,
Corp.—V. 165, p. 255.
transit),
.
mon
company.—V.
1947,
stock
Norwalk
.1^¥TIES-A.coountlPa^ble- trac*e (including amount in
$1,770,855, accounts payable to subsidiary companies, $145,957; accrued
salaries and commissions, $2,093,242;
deposit accounts of officers and
pothers $109,814; accrued taxes and other liabilities, $122,074; provision
for building alterations and repairs,
$350,000; reserve for income and
excess profits
taxes, $2,724,329; reserve for contingencies (on account
of . unusual market conditions and other contingencies), $2 500 000*
cumulative 1% preferred stocks (par $100) 17,731 shares of 1st 'pre¬
ferred and 20,982lb shares of 2nd preferred stock,) $3,871,333; com¬
cost
connecting
Ip line with plans for substantial expansion of production facili¬
ties, Charles K. Ru^man has been appointed Vice-President in charge
of spies, advertising.apd merchandising activities and Harry T. Wines,
engineering authority in the slide fastener field, has been named
Vice-President in charge of manufacturing
operations.
Strauss' fasteners are manufactured, under company-owned patents
on precision' equipment of
original design and development.
Other subsidiaries, of the Segal Lock & Hardware Co.; Inc., are the
amount;m transit of $546,000), $8,591,421; investments ip subsidiary
reserve
the piers
division.
•
(after
all
zippers under its trade name of "Merita" will be continued at its
present New York City plant and the company will now be operated
as
a
whollyrowned subsidiary of Segal under the direction of Sidney
Kuttin as Executive Vice President and General Manager of the new
ASSETS—Cash, $2,000,313; customers accounts receivable (less re¬
$1M,000 for discounts and doubtful accounts), $10,546 6701
inventory of merchandise at lower of cost or market (includina
for
and serving
corporation has entered the slide fastener field on a important
scale with the acquisition of Strauss Fasteners, Inc., of New York,
Louis Segal, President, announced on Feb. 10. Production of Strauss'
serve, of
sites, at cost
railroads
This railroad is now being operated
Knapp, New York real estate firm.
This
and $421,000 in 1944.
companies,
actually taken in during the
received in payment for
A substantial number of
given month normally are paid for in subsequent
"gross sales receipts"
particular month and are not necessarily
records produced in that particular month.
Segal Lock & Hardware Co., Inc.—Acquisition—
147 594
common
par)
120,095
$1,610,920
on
(no
118,597
433,810
Silver Consolidated Mines, Inc.,
500 OOO
Dividends
stoch
&
Seeger Refrigerator Co.—Form of Certificate—
Dividends
com
the
to
over
erator Co.—V.
Shares; of
route.
Webb
of
the
with
its
along
direction
the
turned
was
Cr83 059
on
263,410
December
a
to Dec. 31, this firm acquired all of the assets of the Hoboncn
& Improvement Co., on whose property the railroad has a slip
trestle,' and much of the assets ol' the Hoboken Railroad Ware¬
house & Steamship Connecting Co., on whose property the rail line
runs.
Under an agreement among the various parties, approved by the
Federal Court, Newark, N. J., Seatrain stock in the railroad company
i3'59o
prof, tax
rrr—r—-----1st preferred stock___
Dividends
and
the
for
Co., New York.
HISTORY
in
ing
157,770
$5,637,464
of
Prior
$5,470,091
56,342
will be used in the coastwise service from
and from New York to New Orleans. They
Jersey, Texas and Havana.
Seatrain Lines," Mr. Brush said,
"marks the first
and
353 271
$5,581,122
PI?m.
(net)
income
war
Land
' 97'754
244 897
Renegotiation settle, for 1943 (net).
reserve
$1
at
for
offered
10
agent
York.
New
registrar
Trust
City,
industries
under
'
218,848
from
by the inability to expand its
shore
and
1944
88,635
reconverted
facilities to meet the increasing
needs of Seatrain Lines, Inc.
On Dec. 31. 1946, Seatrain disposed of
its ownership of the Hoboken Manufacturers RR. Co., which operates
dictated
$1,314,645
1945
been
capacity of 14,000 tons per week."
The
Edgewater Teiminal is adjacent to
the main yards of the
Susquehanna Railroad, a connecting carrier with the railroads running
into New York,
with whom Seatrain Lines, Inc. has made operating
arrangements for interchange.
Abandonment of the Hoboken Terminal, Mr. Brush explained, was
'C0UntS, etC
$58,663,294 $37,662,614 $46,707,115
Cost, selling, gen. & admin, expenses
52,774,690
33,452,877
40 772 409
Provision lor depreciation.
(other than Federal)
move
With
have
New
return
tion.
which
$4,000,000
Texas
York,
ships will have
Rice-Stix Dry Goods Co.—Annual
Report—
1946
of
to
New
major
342.
p.
vessels
Seatrain
cost
a
"The
1945
$3,389,410
165,
Years Ended Nov. 30—
and
Bank,
The
&
stock
Offered—Willis E,
295,000 shares (25c
Co.—Stock
Feb.
on
agent
warrant
1290.
p.
Authorized
1946.
the
are
a
major source of supply for
two operations
provided Rhinelander with 43 000
pulpwood last year, Mr. Becker reported.-
3, Months Ended Dec. 31—
.
City
the
York
New
Wis., secured a large
Concession, in Ontario
supplemented by the company's
Sales
.
transfer
the
months.
Brush, President.
war," he noted,
M.
four
at
use
Rothschild,
Higher—-
*
Co.
common
The
and
*The
a
1,
The
These
spruce
or
May
the
of
estimated
Nagagami
concession,
operation, is already
Canadian
cords of
known
1943.
in
pulpwood.
Other
&
succeeding Lester A.
October
Inc.—To Resume Coastwise Trade in
Lines,
"this was not only the largest trade
route of the United States for general commodities, but more com¬
merce moved in this
route than was moved in the combined foreign
and intercoastal trade of the United States."
At the same
time, Mr. Brush disclosed that the corporation had
abandoned its Hoboken (N. J.) Terminal and would use a specially
constructed terminal
at Edgewater, N. J., which will be completed
within the next month.
Construction of the new terminal began on
approximately $4,000,000," he said.
Taxes
par)
163,
Recording
succeeding
board
the
of
director,
a
September
coastwise
Graham
replace¬
making unit,
paper
Rhinelander
—V.
Burnside
Chairman
ejected
July
$1,089,298,604
lapse of five years because of the war, this corporation will
operations cn the North Atlantic-Gulf trade route
about March 12, according to an announcement on Feb, 5 by
After
resume
"Before
capital^needs,
own
resigned.—V.
Signature
March—
which
program
program
of
Mr. Becker said.
''The cost of the expansion and improvement
program,
additional working
timber
Blackford,
elected
been
resigned.
has been
June
852.
p.
Seatrain
low cost of production,"
at
has
Philip
April
/
1947—12 Mos.—1946
$133,955,237 $105,845,576 $1,694,567,781
165,
food
will not only help to maintain our es¬
tablished position of leadership in the glassine and greaseproof
paper
industry but will enable us to take care of the substantially increased
demand for our types of protective
packaging papers at a comparatively
joint
li
Sales Up 26.6%—
1947—Month—1946
Per. End. Jan. 31—
Sales
—V.
net
year,
machinery,
and improvements.
"This
)
Sears, Roebuck & Co.—January
sheet
of
processors
Nye
Hardy,
P.
November
latest
installation
ments
facilities, etc.
present
been
earnings were $782,510, equal to $5.22
a share on the common
stock, which is the only issue of the company.
Net sales were $7,483,051.
Dividends amounted to $2 a share, com¬
pared with $1 a share in each of the three preceding years.
was
506
for
of
nationally-known
L.
J:
Lester
May
195,000.
Sept. 30
bringing the total
1,
Shippers' Car Line Corp.—Changes in Personnel—
Ernest
N. Y.—Files With SEC
Feb. 7 filed a letter of notification with the SEC
shares of preferred stock
(par $100), to be offered at par
underwriting.
Proceeds will be used for development and
on
company
February 1947, and was
after each employee's first
profit sharing payments
Previous
15% per quarter..,
.
cautioned
that the extra dividend and the higher
profit sharing payment, payable for this last quarter of
the company's fiscal year ending Feb,
28, 1947, should not be con¬
strued as a precedent or as future policy in such dividends or. pay¬
ments to employees.—V. 165,
p. 343.
his
par)
time.
the
common
and
January
performed
company.
directors
FIRST
$845,000.
major producer of glassine and greaseproof paper,
production going into protective food packaging
Company is a
about 95%
large
products.
of
paid
was
announced
the end
loans
with
for
that
company
and
services
the
been
The
presses
is inviting bids for the purchase as a whole of 30,000
stock (par $25). Such bids will be received by the
company at Bank of America National Trust and Savings Association,
300 Montgomery St., San Francisco 20,
CaLif., up to 9:15 a.m. PST,
on Feb.
25, 1947.—V. 165, p. 724.
The
shares of
expan¬
Becker
Mr.
authorized
of
V. 157, p. 1468.
Works—Bids for Purchase of Common
San Jose Water
stock
projected
action will be taken.
Scenicaire Park, Inc., Geneva,
shares
300,000
plans for resumption of
Stock Asked—
stockholders.
to
stock
by
announced
was
7 that details of
Agent, Theo. H.
for
presentation
stockholders at which formal
share.
per
be used
which
program
Feb.
on
effort in con¬
Manila Agent,
the new Manila
Davies & Co., Far East, Ltd., will shortly be ready
to stockholders,
in anticipation of a meeting of
Cincinnati, Ohio, handled the placement with institu¬
investment
announced
it was
operations, which have been the subject of intensive
junction with A. D. Cooper,
this company's former
and are presently being advanced in consultation with
to a group of Mid-Western investors was announced
Feb. 7 by Folke Becker, President. Clair S. Hall & Co.,
indiviual
with
employees
output
Resumption-
Co., Ltd.—Plans
San Carlos Milling
Rhinelander Paper Co.—Stock Placed Privately—The
sale of 30,000 shares of common stock of the
company
and
have
1946
all
for
23%
produced
Investment News
tional
to reconsider its
of the reorgani¬
at St. Louis has refused
which directed consummation
Court
District
S.
last
of
order
General Corporation and
page
Ry.—Court Ruling on Reor¬
ganization—
plan of the company.
cerning the plan have been
(Continued from
provided,
the pre¬
816.
p.
Louis-San Francisco
zation
4-
stock remain unchanged but
preferred
of
increased to $10,182,824.
They also asked that three reorganization managers be
two to
be nominated by the mortgage trustees and one by
the
St.
non-residents'
December
of
at
monthhs
preferred
a
amount
the
that
that
3- 1
deductible at the source.
*aLess British income tax.
six
4
dividend.
this
15%; resident tax 7%.
tPayable in U. S. funds, less
4
J. Reich have petitioned the Inter¬
modification of the order approving
Jamaica Income tax.
books not
.^Payable
resident
for
attorneys
ferred
xLess
of
stockholders group, the two lawyers
asked that the proposed capitalization of the succeeding company be
increased to $15,164,574 from $10,992,950. The approved plan reduced
the former capitalization
from $18,296,300 to $10,992,950. Under it,
$4,981,750 of 5% preferred stock ($100 par) and $6,011,200 of ($100
par) common stock would be issued.
,.
The preferred stockholders presented an argument to show that the
corporate structure could bear the increased capitalization and pro¬
As
Company—
convertible preferred (quar.)
convertible preferred (quar.)
6%
Commerce
plan
fixed
Charles
Lewis and Leonard
Commission for
reorganization.
Norman
J.
the
months
Revision of
Reorganization Plan—
state
»
manufacturing concerns, including
Clock Corp., the August Brandmeier
Pressed Steel Co.—V. 165, p. 6-16.
for several
the Arnold
RR.—Preferred Stockholders Ask
Rutland
Ltd.—
Co.,
&
Ordinary (final)
Ordinary bond
Wrlgley (Win.) jr., Co. (monthly)
Monthly
Wurlitzer (Rudolph) Co. (irreg.)
Wyandotte Worsted Co. (quar.)
agency
and the Standard
Corp.
Industries, Inc.—
5% convertible preferred (quar.)
Woods Manufacturing Co., Ltd. (quar.)
Wool Combing Corp. of Canada, Ltd. (quar.)
Woolworth (P. W.) Company (increased quar.)
Brilhart, Ltd..
Arnold
Woodall
with offices at
corporation,
The
2-15
2-15
4-15
2-15
$1.12>/2
Wilson Line, Inc. (s-a)_
Wisconsin Electric Power
Mineoia, N. Y„ ojrFeb. 11 offered
300 000 shares of common stock (par 25c) at $1 ft share.
The comnanv
intends to use $125,000 for working capital and approximately
S175 000 for tools, dies, patents and the development of new products.
The company was formed last July primarily to act as a sales and
Payable of Rec.
Share
Mineoia, N. Y.—Stock Offered—
Ross-Frederick Corp.,
Holders
Monday, February 17, 1947
CHRONICLE
COMMERCIAL & FINANCIAL
THE
982
The
(W, A.) Sheaffer Pen
The.
10
Feb;
per
common
15.
common
This
is
Feb.
5
per share on the old no par
outstanding prior: to the recent fiverforrohe
eqflfeft.lent to $2.25
stock which
was
The pld sto.ck in each quarter last, year received a regular
dividend of 50 cents' and an extra of 25 - cehtsv%* '£/%•:
The employees profit sharing payment was declared payable March
split, up.
20 to employees of record Feb. 28,
-
of 35 Cents
declared a regular quarterly dividend of
share and an extra dividend of, 35 cents per share on
stock, par $1, both payable Feb. 25 to holders of record
directors on
cents
the
Co.—Extra*Dividend
for the quarter which includes the
li
i
class
A
company's offer to issue
stock and one share of
share
of
from
Dec.
one
share
of 60-cent participating
class B stock in exchange
participating preference stock had been
31, 1946 to Jan. 25, 1947.—V. 164, f>. 2835.
40-cent
Silver wood Western
for each
extended
Dairies, Ltd.—Offer Extended—
offered to issue one share, of class A stp&k and
share, of class B stock in exchange for each common share, the
tffer to expire* on March 31, 1947.
•
This company is a subsidiary-of Silverwood Dairies, Ltd.—-V. .163,.
p. '1576.
"
*
*
The company has
one
,,
f'vj:
i'l:'
|: :
Volume 165
Number
South Carolina Power
Period End. Dec. 31—
Prov.
deprec
pit. acquis.
adjustments
General, taxes
Gross
$8,038,355
501,240
Amortiz.
of
190,200
730,659
30,312
30,770
365,475
Cr975
2,482
debt
776,214
$1,308,272
160
also
was
10.—V.
declared, payable. March
165, p.
Insurance
Go.,
the
largest
63
years
The
ago.
total
disct.
211,190
—V.
income
165,
$52,354
def.$17,078
$942,616
assets
company
operations of $2,842,488,
1935.
(The) South Coast Corp.—To List Additional Shares—
The
board of
paid in 1946 of $510,338.
experienced
an
underwriting loss
The
853.
p.
of
governors
the
New
York
approved for listing 57,000 additional
issuable against exercise of
Curb
shares
of
Exchange
$1
par
outstanding options.—V,
Feb.
on
and
5
The, underwriting loss
cost
ments
2450.
p.
Electric
output
2,375,000
totaled
of
this
Co.—Weekly Output—
for
company
kwh.,
as
corresponding week last
the
compared
year,
increase
an
Period End. Dec. 31—
Prov.
$727,879
expenses
for
deprec
Amortiz. of pllt. acquis.
adjustments
General
Co.—Earnings—
or
3,443,244
3,173,605
56,703
707,692
86,400
Int.
income
86,400
124,191
183,098j
taxes._j
707,544
950,424
(
Mr.
of
debt
and
$118,789
$1,855,459
21,037
252,450
252,450
147
1,772
1,772
6,783
24,231
147
:—
Other deductions
Net
754
income.
D.ivs.
on
$1,594,453
412,296
$1,162,157
$588,273
stock
capital
business
public
was
stock
privileges
Feb.
on
the
company
New
York
15,
requested
by
the company.—V.
removed
was
Curb
1947, primarily
activity in the stock.
trading
because
This
165,
Ry.—Gross
Period—
165,
at
action,
it
oi
of
Federal
$7,621,276
1947
$23,456,504
Net
Co.—Earnings—
134,809,689
2,157,744
2,363,397
11,264,276
25.255.275
2,472,604
12,121,993
11,557,036
4,763,912
9,233,446
Dr28,697 Dr4,603,030
tons
4,630,416
22,573,429
19,008,832
594,974
2,628,533
2,579,012
3,955,009
4,035,442
19,944,896
4,575,000
16,470,000
Income
Freight
Jan.
28
($10 par)
Lines,
Phoenix,
Total
Net
Ariz.—Files
letter
a
of
cumulative
notification
with
preferred stock,
the
used
to
value,
the
same
the
purpose
the
New
from
therefore
the
to
by
is
action
the
issue
each
of
capital.
the
record
board
issuance
ho
be
authorized
stockholders
the
shares
to
and
of
stock
annual
or
56
cents
outstanding
share
per
to
rate
per quarter.
shares
of
upon
unissued
be
of
outstanding
$1.40
The
new
per
share
and
per
or
165,
of
50
applications
such
file
after
per
for
End
taxes
on
—V.
shares
per
(&
165,
p;
stock
with
to
will
be
others
be
the
on
such
exchange
or
35
should
cents
be
1.
offered
by
the
per
000;
for
each
share
a
three
to
Mines,
2,069,867
9
$3,010;&10
.1,514,694:
$2,029,891
1,514,694
share
$1.79
343,
1S47
$1,098,337
781,158
$317,179
collateral
as
T.W.A.
$324,704
27,384
26,918
429,449
344,140
$688,703
statement
*,
110,447
102,286
$578,256
$790,263
$0.14
$0.12
shares.—V.
$0.16
164,
Financial
Corp.
above—V.
revenues
a
$225v000,ca|led
convert
stock.
-
_
these
notes
into
"
&
Western
'•
'
Air,
Inc.-, commenting on the C.A.B.
question of any violation in the proceedings.
no
said:
*'
-
that
approval
under
the
original order
the
the
appear
acquisition
company has not yet
Board is merely looking
of
further
"There
is
additional
an
no
~
i*r-
interest
of
unnecessary.
the
the
in
C.A.B.
order,
question
T.W.A.
by
violation of the
any
the rules and regulations of
or
was
seen
into
it
to
as
would
whether
Hughes
Tool
Co.
Aeronautics
Act
approval.
question
the C.A.B.
Civil
involved in
this proceeding."
President Sells More of Stockholdings—
164,
Jack
Frye,
airline's
3420.
p.
287
December
Co.—Earnings—
1946—Month—1945
—V.
President
stock
common
shares,
the
also
165,
New
Mr.
854,
pp.
the
of
in
Frye
58'0 and
corporation
sold
1,600
shares
of
the
January,
reducing his personal holdings to
Exchange reported on Feb.
8._ In
disposed of a large block of his holdings.
York
Stock
344.
1946—12 Mos.—1945
$313,611
$329,329
$2,799,398
$2,715,620
173,389
197,489
1,581,280
1,514,030
9,900
8,548
94,857
95,191
15,704
___
15,204
189,454
184,454
bonds
appreciation.
On
that date the total
approximately 6.1% of gross assets while preferred
stocks accounted for about 15.4% and common
stocks, including those
of subsidiary
corporations, for about 75.0%.
The largest groups- in
the common stock portfolio we're the holdings in building, equipment
and
renovation
enterprises, representing 10.2%
of gross assets, oil
companies accounting for 9.4%, public utilities for 6.1%, and chem¬
Tri-Continental Corp.—Annual Report—
According
amortization
reported
plant.
13,746
14,586
183,925
35,000
290,000
248,000
$67,869
$58,500
$459,880
$486,568
4,785
162,072
55,685
$79,800
$63,286
$621,953
$542,254
surtax
___
24,578
17,182
215,000
$46,103
$406,952
provision
portfolio
icals
$334,094
for
Mr.
cash
Service
$319,817;
deposits,
U.
$961,918;
Co.),
S.
$203,783;
uncollectible
$8,958;
accounts,
for
reserve
$39,201;
sub¬
and
earned
of
net
assets! before
,
•
v.
•
ups
stated
longer
term
that
in
outlook
and downs,
view
for
of
the
security
continued
values
belief
Tri-Continental maintained
•
in
the
despite
and
the
its well-invested
The Tri-Continental
report shows that Union Securities Corp., which
is jointly owned by Tri-Continental
Corp. and Selected Industries Inc.,
miscellaneous
securities,
receivable,
for
reserve
reorganization,
6.3 %
to
position.
wholly owned
Government
accounts
amounted
4.5%.
Randolph
favorable
1946
in
stocks
unrealized
on
was
inevitable
31,
investment
Farm
preferred
bond
208,159
$55,222
interest
for
tax
187,374
33,000
11,930
and
the annual report, Francis F. Randolph, Chairman,
holdings of cash, government securities, and goqdL grade
to
that
and
$300,-
$323,689;
injuries
and
had a net income for 1946 of
$418,764 after increasing reserves by
$100,000, and paid dividends of $200,000, equivalent to 10% on its
paid-in capital. Capital, surplus and reserves and unrealized apprecia¬
tion
securities approximated
on
The
net
recapitalization ex¬
surplus, $125,962;
assets
of
$5,375,000 at the year-end;
Tri-Continental
Corp., before deducting funded
$46,378,945 on Sept. 30, 1946, to $47,890,209 on
31, 1945, net assets were $53,253,928. > The
net assets on Dec. 31,
1946, indicate an as$et coverage of 650%> for
the 2%% debentures, $286.67 per share of preferred stock and
$10^6
per share, of common stock as compared with 630%
for the. funded
debt,
Dec.
increased ifrom
31,
1946.
At
Dec.
.
debt, $275.98 per " preferred, share- and, $10.24 per common snare,
respectively, on Sept. 30, 1946, and 723.%, $324.61 per share apd
$13.07 per share, respectively, on Dec. 31, 1945.
Towmotor Corp.,
Cleveland*—Earnings—
profit, after
1946
1946
charges
and
taxes
1945
"$970,111
$414*651
$3>09
$1.32
1946 dividends totaling 75 cents a share
were paid
the- sale of stack, to the
public on June* and $734,668
subsequent
was added
Earnings
to
per
share
adding
on
313,876
$50,000
to
shares
reserve
for
____
Dividends—Cash,
Taxable
sales
1945.
Qt Fund¬
the
In
(
.
,
1946
amounted
Total
for legal
difference
,
to
$11,213,026 and. exceeded those of
profit was largely accounted for
in, Federal, taxes, which
were $635*740 in
1946 as
net
cpmpar^df^with^OSl^lMi^the
.
for annually,
in
The-sharp. Increase in,
1940
sales
were
preceding, year, .r
v
,.
Interest
,
$1,461,226
$1,453$^
•
,
188,574^
171,888;
CJ-5,000'
261,182
—
Other taxes—
146,402
;:.*i6£2i..
mm
#
'
269,728
221,037
57,642
a
""57507
—
52,229
;
9 185
6,103
5.419
4188
18,185
.
,
companies in 42 different lines of
and 33 other- nations.
At the year end
1945.
Tjiomas. G. .Fulton, vaee^Bjresident and director of Anchor,
Hocking
Glass Corp,
Lancaster; Qhjo, has. beep elected to ti^e, hoard- <4> di¬
p.
$1,590,810
$1,285,421" |
■
fees-r------
-—i
Federal income tax
Canadian JncQ^netax__
'■;*
12^982
7
$978,724
Preferred dividenda;^!-
2836.
;
84$,-280
77-7728,795s
,-
164,
$2,028,917
13,7,927.
1943-
1944
$1,300,027
121,174
159,414
made, to
industry in the United. Spates
unfilled; orders -amounted-to $3<39i>QPO, comparing
Ufith $1,170,000 at
the, close of
rectors.—V!"
161,705
General expenses..-----Prior years oYer-accriial
1945
$1,310,223
"
$1,851,581
15,571
securities
Interest,
contingencies.
surplus.
Net
$4,412,781
directors, on^ I^eb^.tl^ voted} to, redeem $500JK)0.of^the,
companys
furided- debtf -instead of
.the mirimium of:
to
$10,000,000 loan by
Hughes Tool of notes
2059.
p.
In
quarterly dividend'of/40 cents„per share
the c<mimon ;
stocky payable March/4-tP" holders of
record/Feb. 21.
Paymehts last year- were, as follows-: March
6- an<t June 5, 50 cents
option
an
a
to
approving control and was given to the C.A.B. last
day after the financing agreement was signed.
subsequently adv.ised the Hughes Tool Co. and T.W.A.
the
requires
capital
loan, with
for
issuance
C.A.B.
"While
Calendar Years—
Net
to
....,^
this
;
provided
the
order
10,
"The
.
(A. E.)
for
common
original
$892,548
40,911
of
"In 1944, the C.A.B.
approved the acquisition of control of T.W.A.
by the Hughes Tool Co.
The recent financing agreements for the air
line under which additional
money was advanced to T.W.A. for working
capital by the Hughes Tool Co. was submitted to the C.A.B. for
approval
by both T.W.A. and Hughes Tool Co. This was submitted under the
540,926
$692,826
letter-agreement
the
INCOME STATEMENT YEARS ENDED DEC. 31
by
an
to
they have led to control.
$989,110
664,405
$29,101; capital surplus, $577,292;
total, $9,996,104;—V. 165, p. 853.
1946,
$6,540/751
of
'
,
The
Jan.
9
letter-agreement
Hughes Tool Co. to T.W.A. and
Jan.
penses,
$1/14
343;
of
member
arrangement or action
agreement results in Hughes gaining control of T.W.A.
Any changes in the activities of
Hughes Tool in the field of aero¬
nautics since Oct.
17, 1944, also will be investigated to discover whether
1944
stock
($8 par), $2,229,976; first mortgage
5%
series, due
1961, $3,695,750; accounts payable, $206,727;
dividends declared,
$69,687; customers' deposits, $304,230; taxes ac¬
crued, $487,674; interest accrued,
$52;991; other current and accrued,
liabilities, $24,331; deferred credits, $88,910; reserves for
depreciation,
$1,430,429; reserve for utility plant
acquisition adjustments, $624,885;
175,425
Chairman
a
ten
Board said it will determine
whether the
between Hughes Tool and T,W.A. or
any
.
2,152,046
:
on
(
The
102,920
$651,915
special
reserve
directors
Civilian Aeronautics Board- on
Feb. 10-, ordered an .investigation
whether control of Trans-World Airlines
by Hughes Tool
and if so, if it is consistent with the
public interest and
the Civile Aeronautics Act.
related
The
1945
106.006
Ltd.—Divs.
income
damages,
of
exists,
Jan.
*
LIABILITIES—Common
1945
board
of
order, said that there is
bonds,
$4,357,362
the
determine
with
owned.
receivable, $6,370; materials and supplies, $169,171;
prepayments, $8,872; deferred
debits, $2,344; total, $9,996,104.
share
to
M.
Lee
Co.
through dealers
20,474
deductions
accrued
and. W.
by T. B. Wilson, who resigned on Feb. 6 as
effective Feb. 15. Mr. Wilson continues
as
directors,
Board,
com¬
$242,903
sidiary:
(Texas
Public
investments, $801; cash,
at
elected
were,
Bradley, Richard
Slack
members are Jack
Prye (President), Paul E. Richter,
Talman, John A. Collings, La Mottee T. Cohu (Chairman of
Board of
Northrup Aircraft Co.), Powel Crosley, Jr. (President' of
Crosley Corp.), Sidney Maestra, Gilbert H.
Schribner, Nelson S. Talbott, and Warren Lee Eierson.
com¬
Oct
held
A.
The other
payment
the
on
Palmer
T.
board
E.
15.
$6,000,000 existing bank loans
working capital.—V. 165, p. 344.
ASSETS—Utility plant, $7,699,337;
and
1946
income
The board also declared
1
merly
retire
BALANCE SHEET AS OF DEC.
pur¬
Securities
Stated Mf$. Cq.—Tjo Redeem $500>0Q0
ed Debtr=- Increases
Compion Dividend—
J.
/ Then
j
$24
share
purchas¬
offered,
.
?;
tRe
Aug.
payment
directors
new
viz.:
the
dividend
Sept.
850,960
income
Income
Spiegel, Dip.—-January Sales Increased 48.43%—
p.
With
and
A
$1,093,863
or
$5,080,477
Month of January—
Consolidated
pet
sales-—-
165/
15".
record
9,
the
second
1946
income
"After
•—V.
the
91,302
taxes
Gross
by
Subs.)—Earnings—
outstanding
common
at
taxes
per
normal
Other
and
quarter,
Net. profit
Common
Earned
added
will
stock
with
adjustmentfor
of
$30
share
new
sold
bullion
Operating income
such
exchange
common
exchange
annum,
income
Provision
to
to
Corporation
stock
such
General
Net
on
share
(E. R.), Squibb & Sons
"War
used
approval
for
6 Months Ended Dec. 31—
Net
one
was
profit
for
utility
Fed.
equivalent to $2.24 per share per
annum,
on
the common stock
presently
the
present
regular rate of $2 per
cents per share per quarter on such
latter
per
1
the
recently
investments:
investments
and
of
853.
p.
stock
treated
of
C.I.T.
Depr.
is
rate
compares
May
with
income
Operating
for
necessary.
Definitive action
is to be taken following
common
statement
annum,
Stock.—V,
of
shares
Texas Public Service
Exchange Commission, will be entitled to
participate in such exchange.
The directors also
adopted the policy that regular dividends on the
the
ratio
Period End. Dec. 31—
in
stock
fixed
be
Kansas
common
1947, and accordingly stockholders and
additional
registration
common
the,
ore
4.807,144
See
stock,
common
common
date
that
is
exchange
Commissions.
the record date
of
of
authorized
issued
and
stated
10
eight shares
Commission
the
stock
Feb.
on
five
State
15,
64,438
to
by
authorize
the
for
Service
presently
anticipated
about April
ing
suant
Public
approval
additional
the
no
board
thereof
It
for
The
Feb.
holders
day after the rights expired.
Maintenance
held
outstanding on
exchange.
The
such
Mexico
purpose.
come
value
of
should
exchange
in
the
$852,822
F. Burns, Harry
Rogers, A. D. <
Streetman, all of Houston,>: Texas;'
Francis J. O'Hara and
George C. Summers, of
Washington,' D. "C.;
Loyd Wright and Charles E.
Millikan, of Los Angeles; W. H. Siems, of
New York; Oscar
Holcombe* of Houston and A. V. Leslie, of
Pittsburgh.
According to the statements filed by these directors with
the Securi¬
ties and
Exchange Commission, none of them owned securities of the
corporation immediately after
joining the board.
\
Otis F.
Bryan, Vice-President of the
corporation,' on Feb. 7 was
named General Manager, of the international
division, a position for¬
$129,446
on
$831,178
948.
p.
Simpson,
9
meeting
a
company
in
par
Commission
capital
Opeiation
following
the
Feb.
Increase
sales
163,
Thirteen
fire
TelAutograph Corp.—President Resigns—
reimburse
working
Annually—
par
of
23,843
SEC
Southwestern Public
directors
a
to be offered
Service Co.—Plans 8-for-5
SplitUp, Equivalent to Stock Distribution—Increased Shares
to Receive Cash
Quarterly Dividends at Rate of $1.40
The
record
to
on
profit
"On
filed
b',
par
without
underwriting.
Proceeds
will
be
treasury for capital expenditures and for additional
their opinion
as
464.
share
accumulations.
dividend
from
Provision
on
shares
of
account
of
1
costs
General
16,470,000
at
SI
of
"Earnings
company
4,509
Oct.
.
tors
wholly-
a
$725,992
16,429,820
4,117,500
343.
With SEC—
The
holders
on
-545,870
164,492
.
The
in
of
the
value
Operating
24,023,049
Drl21,252 Z)r5,014.217
780,206
Southwestern
to
Years Ended Dec. 31—
Dry
22,694,681
4,735,215
income
p.
January
a
20,207
Transcontinental & Western Air, Inc.—13 New Direc¬
Elected—Chairman Resigns—
approximately
1946
$33
2,196r
359,674
179,423
Total
of
recovery
Co.,
Teck-Hughes Gold Mines,
Ltd.—Earnings-^
106,519,773
deductions
p.
1
paid
of
$9-,36'f
80,000
359,674
20,207
;,545,870
—
Transcontinental
167,355,133
28,958,539
income
165,
dividend
a
surplus
•
of
255.
p.
accumulations
shares
Lamaque Gold
Net
for
be
on
proceeds
will he
the balance will be
and
36,246,732
Dividends
—V.
pay
March
free of
share
11,
Operating
Total
Interest
will
on
$
180,890,639
(net)
164,
$855,438
highest
the
are
165,
quarterly., $1
The
1946—12 Mos.—1945
$
income.---
oper.
income
maturing
Inc.—January Sales Up 17:83%—
month
are
be
balance
Gross
Other
agents.—V.
$852,822
$2,655
80,000
2,196
Capital surplus
Operating deficit
-V.
a
Insurance
1947
last
will
506,000
Feb.
on
43,027,986
inc.---
on
Paid-in
for subscription to stockholders
without, underwriting have been
according to Joseph O. Hanson, President. The
company's pro¬
ceeds were
$10,095,372.
Subscriptions accounted for 476,157
shares at the offering price of
$20
$23,158,694
2,924,231
taxes
reported
sold,
1946
46.092,619
taxes.
a
aggregating
889
pany
$
Other
$831,178
to
Jan. 1 to Jan. 31—
1946—Month—1945
___
its
•
897
LIABILITIES—
Accounts, payable,
Contract payable (for
purchase of property)-!Reserve for unclaimed
dividends
I_Capital, stock (par- $1)
announced,
was
per
expenses
Planet
10,709
33,292
'765,568
cost..
30,043-
to
provisions
expected
estimated to be
164, p. 2964.
The
___
the
$42,354
2,147
5,385
assets
(84.1%)
for unearned
premiums and
company
years,
that
>1945
$11,540
1_
assets
other
at
Total
Swift, International Co,, Ltd.—Sale of
500,000 Shares—
1946
Period End. Dec. 31—
share
a
would
—V.
579.
p.
$8,281,914
revenues
previous
through
for
payments
the regular
pany
close
Earnings—
Southwestern Bell Telephone
Operating
Operating
the
r.-.,
1946
$35,368,561
company.
the carry-back
January—
sales
$30
unlisted
the
725.
p.
the
to
completed its first calendar
operating year
insurance
company, writing net premiums
Both
insufficiency
the
of
1947
earnings
—V.
from
Exchange
10 Days End. Jan. 31
Gross
was
under
sales
The
Southern
As
surplus
fixed
Total
Suburban Electric Securities
Co.—Pays Arrearages—
of
this
of
on
in
law,
reported
reported
The company
preferred stock
of
The
Total
41-2,296
$59,991
$360,000
affiliate,
The
Southern New England Telephone Co.—Off List—
trading
tax
end
year
reserves
that
Sterchi Bros. Stores,
113.
p.
paid
also
marine
Net
$1,000,569
34,358
written.
<
'*$4,944
782,062
Security investments
insurance
adjustments,
reserve of
the
of
expenses
reported
history of the company.—V.
$94,349
34,358
$85,687
165,
at
total of all the,
claim
Platts
Platts
Month of
$120,045
preferred
Balance
—V.
3,254
from
premiums
normal
$1,279,023
21,037
desct.
expense
and
taxes
owned
628,747
1,915,625
S141\985
long-term debt-
on
and
certain
contingency
$900,000.
income
Amortiz.
and
a
amounted
years
Federal, income
$641,881
Gross
showing,
than the
claims
the
685,327
7,200
compared
securities
three
President
$7,768,729
305,659
as
company
more
all
1946—12 Mos.—1945
$7,750,764
this
net
in
$14,931
'
ASSETS—
Demand deposits in banks
Accounts receivable
underwriting
increase
$20,061
15417
1
loss since the year
caused by an increase in the
number
was
6,872
$5,829
20,760
loss
"Profit.
reported a very liquid investment
position.
Out, of
total cash and investments
on a market basis of
$42,080,062, the items
of cash, U. s. Government
Bonds, and short-term
853.
7,200
|
income
The
the
50,762
taxes
Federal
1947,
8,
of
the
policyholders, including
at $12,053,753.
within
$671,449
403,740
Feb.
kwh.
for
13.0%.—V. 165, p.
1946—Month—1945
revenue
Operating
ended
2,101,000
of
Southern Indiana Gas & Electric
Gross
week
with
first
of
accompanying
result
Southern Colorado Power
the
1945
$13,189
3,406
Net
claims, together with inadequate rates, in the
important
automobile lines, the remaining classes of
business being profitable in
the aggregate; also
by the statutory unearned premium
reserve-require¬
stock
common
164,
$586,227
With common dividends
$415,228
1
$2,422
organized
increased by over
$4,000,000' to $48,500,000 in 1946 and total invested assets
(including stock of affiliates)
and cash increased
by $2,500,000 to $41;5O0,OOO.
Net income, from investments increased
16,408
__
incomelll
Total income
Total expenses
to the Report to Stockholders
presented by R. H. Platts,
the company's premium volume in
1946 was $27,071,208,
written in any year since the
was
1946
Royalties
Detroit—Reports
company,
Co.—Earnings-
Calendar Years—
from lessee
operations
Interest on investments
and misceli.
the $3.75
holders of
to
579.
to
Net
20
Tonopah Divide Mining
According
President,
$1,104,015
461,188
expense
stock
March
Standard Accident
Premium Gains—
190,200
794,360
687,609
$16,174
debt-
record
508,200
15,850
$81,691
long-term
preference
4,729,067
97.294J
(
112,595
Other deductions
and
42,350
15,850
(
j
income
on
$7,959,552
4*477,871
of
Federal income taxes
Int.
41,770
each; July 1, 100% in stock; Sept.
6, 30 cents; and Dec. 9, 30 cents
quarterly and 70 cents extra.
The usual quarterly dividend of
94 cents
per share on
1946—12 Mos.—1945
$651;812
480,143
428,929
CHRONICLE
irnm.
Co,—Earnings—
$680,835
expenses
for
Amortiz.
THE COMMERCIAL &
FINANCIAL
1946—Month—1945
Gross, revenue
Operating
4569
.•* \
#> j?
•
.
•The*corporation,
investment
for
Federal
company
income
848;280;^
..
848,280
c
848,280
485,864.,
determined^ to,, elect. to^ be, taxed, as.; a
and as such should have, no material liability
tax in respect of the above net income.
•re8uA®£®d
.
v
•
Y
'**•**
DEC. 31,
SHEET,
BALANCE
securities
investments in other
$<02,685;
cost,
Gove™™ent
investments in U. S.
ASSETS—Cash in banks, $499,634;
securities—at
dividends and interest receivable, $135,995; receivable for secu.ities sold
$2,904; special deposits for interest, dividends, etc, $442,jaa,
total. $44,215,651.
111;
$512,380;
accrued, dividends payable, etc.,
due for securities leaned against cash, $298,200; reserves fo^
LIABILITIES—Interest
taxes,
215,651.-V.
164,
591.
p.
March 1, 1961, $7,360,000,
debentures, due
$438,541; 2%%
etc.,
$3.5:34,50i),
total, $44,-
value $25 per share),
surplus, $29,042,212,
$6 cumulative preferred stock (stated
common
stock ($1 par), $2,429,318;
e*:
,
Trusteed Funds; Inc.-—'Four
Promotions—
Vice-President, announces that at a meeting
of the
John W. Bickford, James J. McKillop, Ji.,
Jciepli T. Boris a::d William L. Purdy were elected Vice-Presidents of
the company. T.-.ey have been districts managers of branch offices
during tne past several years. The Commonwealth Fund now has 14
H.
Paquet, Executive
board of directors,
B.
'
,'
offices.
branch
in 1938, trust accounts calling for
payments in excess of $24,000,000 have been established, of which
$8,000,000 is currently invested. There, are over 7,000 founders partici¬
pating in the Fund.—V. 164, p. 16.
Fund
the
of
inception
Since
In
a
Nev.—Files With SEC
Tung-Glow Mining Corp., Reno,
a letter of notification with the SEC
to be offered at $1 per share. The
through the president of company and proceeds
will be used for mine development.—V." 164, p. 325.
The
1943
stock
Feb." 6 filed
on
company
is
sold
be
to
directors
Feb.
on
declared
5
dividend
a
of
30
Net
Int.
it has ceased
to be
Int.
United plans to employ
holding company
a
$
$
expenses
oper.
cents per share
fr.
rev.
in
of
Acquisition
L.
(net)
The
annual
the
at
will
plans
company's
possible.—V.
906,510
12,228,795
from
inc.
from
11432,191
26,953,352
31,107,553
4,542,529
3,433,315
15,798,390
16,595,894
165,
Oil
7,060,582
3,001,124
42,751,742
submitted
be
the approval of stock¬
become effective until
for
will
They
meeting.
1,856,311
12,320,139
14,671,867
1,144,813
§Released fr. "Reserve against possible refunds
on U. S. Govt, shipments".
30,431,603
33,031,580
5,665,217
Detroit
Feb.
filed
6
not
Total
for
disposition
preferred
Earnings
for
in corporation's
use
per
common
30,668,555
$13.60
$13.80
share
&
deprec.,
land
&
prof,
exc.
^Decreases
are
to Dec.,
of
1945,
60,600,000
12,269,366
950,OOOCrlO,673,866
The
stock
common
fcr
of common
The
stockholders
94,773
shares
of
preferred
stock
will
Feb.
record
of
11
ratio of
given
are
cumulative
4J/2%
at par in the
stock held. Rights
the
convertible
share for each
one
convertible
be
into
at
the
said
investment
bankers, headed by Harriman Ripley & Co.,
as
35
and
The
Mutual
Life
Insurance
Co.
of
New
announc,3d
fiLnS-if«nnn
this
the
Freight Operations—
*JVevfw "pS Bickley,
*y M. p. R-Ui\ng
financing
new
'
program
^orn® othe? ?unds
%
Soa
ah
P#
in
February
.
I
ground
well
as
plane
as
carriers
JSJS
at
1946
service
for
cities
.1
!•
key
air
production
better
offer
of
rubber-coated canvas
to the hands and
a
riibber
have
p.
the
Y.—Secondary
N.
Proceeds
2,
a
$1.—V.
dividend
164,
of
With
on
over-the-road carriers throughout the
»<■«*•»
i»
'' JidWfX'UA J
low
^
■
"•■
_
...»
■
-y •• ►•/•v.
oh
to
income
$1.25
■} t
,
f -5-v''
60
cents
per
share
-.a,,.
.
;
$997,971
1,839,779
953,824
$48,274
20,690,381
SHEET
$44,147
12,953,351
31,
DEC.
1946
accounts receivable, $456,358; interest ac¬
receivable, $151,034; marketable investments at
$949,661;
total, $35,633,719.
and fixtures, $1;
taxes,
DrS29,510; total, $35,633,719.—V.
165, p. 727.
Co.—Earnings19l6,r,„
I9,4,5!™ a
$58,592,178 $31,4l4,l<8 |
49,026,990 27,j91,504
$107,619,168 $58,805,682
12,191,250
4,644,422
taxes
—-r-
$^'546,828
—
common
Joi^nn
t'onc'nnn
3,305,000
sales
1946,
$826*465,
was
share
per
on
National
sales
235
sales
31,
Bank
of
the
City
the common
1,520
of
no
retail units in
Ry.—Equip. Trusts Offered—-
14
at
prices to yield from 0.90% to 1.75% according to matur¬
ity. The certificates mature from Sept. 1, 1947, to March
1, 1957. The offering is subject to ICC approvals
cost
issue
interest
awarded Feb. 13 on a bid of 99.419, a net
Eight other bids, all naming a 1 >/a% C0UP?";
sale. They were: Milwaukee Co., 99.408, Harriman
was
1.615%.
of
received
the
at
99.381, Salomon
Mid¬
& Co., Inc., 99.395; Harris, Hall & Co. (Inc.),
Hutzler, 99.375; R. W. Pressprich & Co., ".30; Manne
Co., 09.098; Shields & Co., 99.04716; and Fiist
Bank & Trust Co. of Pittsburgh, 99.049.—V. 165, P. 727.
Ripley
&
National
Trust
Wohl Shoe Co., St.
Louis, Mo.—Files
$0.66
company
to
—V.
165,
1947
1946
$11,855,756 $10,573,715
165, p. 380.
had
Co.—Merger Proposed—
.
Woolworth Co.—January
P-
■
..I
...
-
—a.
shares of
A.—fljg
.J"
Sales 13.6% Higher
$37^048,172 $32,6^3,253
'
581.
a
Investment Trust—New
,
.
Offering—
market value on Dec. 31,
Prospectus, discloses an
t
1946, of $98,280.
interestin tax advantage
-
-
:
.
since
the
for taxes on unrealized appreciation which
is not computed in the liquidating value but is nevertheless invested
for the benefit of shareholders. As a result,- in a rising market each
shareholder would receive the income and appreciation on substan¬
tially greater total assets than are represented by the liquidating!;
value;- conversely- in a declining, market-the percentage-decline would'
be "eushioned'V or reduced by the amount,.of this reserve! «
-> *
More than 40%-of total outstanding shares are owned by Henderson|
Brothers and Moore personally or by members of their immediate
families. Purpose of the present offering is to take advantage of op¬
portunities for profitable investment which are believed to exist at
this time, and Is the first time shares of Ure Trus(^haye bepfn soldi;
Trust has set un a reserve
>.-■
be added
|
Henderson Brothers and Moore as trustees have registered with the:
SEC 200,000 additional shares. Organized in 1931, this Fund has al¬
ways been operated as a Boston-type
mutual investment trust. Stock
dividends of 200% and 300% were paid in 1936 and 1946 respectively.
A $10,000 investment in 1931 has paid, $14,580 in cash dividends, and
World
-
outstanding, shares of common stock of Warner Co. and a smaT
amount: of cash. Under the proposed plan, the outstanding 126,823
would be converted into1 Warner Co.
shares of Warner for each share of
$95.51. a
general funds.
Sa^gntb °f_JaHUar_y_"7_
.
the SEC
on
Sold.conJ;Ynt9
York has been ap¬
par value.—V. 165,
•
With SEC—
Feb. 4 filed a letter of notificationwith
for 1190 shares
($20 par) common stock, to be offered at
share'without underwriting. The stock is to be
executives and junior executives of company.
Proceeds will
526,734
Hose 12.1%—
J
243
Lake Erie
1945
a
Co.^-Januar^{Sales
were
Stuart & Co. Inc., and associates on Feb.
offered $1,680,000 1L2 % equipment trust certificates
The
New
3,909,000
$7,265,000
Wheeling &
The
$2.77
1946
$3,356,000
Halsey,
net profit after Federal and
equal, after deducting pre¬
the common stock.—V. 164,
stock,
$3.62
$7,586,000
operation against
Wholesale accounts numbered 1,710 this year com¬
at Jan. 31, 194.6.—V. 165, p. 257.
there
1947
ago.
year
a
Bros.
shares—
2,037,292
$2,718,306
$10.04
share
common
per
pared with
'
plan involves no change in the number of
•
37
$1,888,054
$140,522
33,053,942
of
before
Jan.
At
on
A plan for the merger of this company and Wawaset Securities Co.,
major stockholder of Warner Co will be submitted to the directors of the two companies at meetings in April.
Assets of Wawaset consist solely of 241,800 shares of the 475,284
.
Drl,871
income
The
.1
47,970
39,426
Dr2,671
__
(F. W.)
transfer agent- of
Warner
air freight will be-
' ■* i
Chase
$306,077
43,887
own
sales
Combined
stockholder.
1,892,572
639,625
Month of January—
—V.
of
44,147
sales
Retail
2592.
p.
Sales
its
3,732
$1,806,351
January Sales—
including Federal
weeks ended Dec. 31,
taxes
Walgreen
freight
4,439
income taxes
Earned
Offering—A
to selling
go
taxes
share
16
charges,
p. 726.
air
461,790
$907,348
1,27©
$2,485,828
2,345,307
dividends
profit
•Net
Virginia Electric & Power Co.—Transfer Agent—
The
1,242,490
$1,810,083
up
1946
all
dividends,
2592.
1 -
pointed
of period
divs.
1,512,409
43,056
sales
Total
$24,469,251 $21,213,334
after
per
$445,558
$2,397,169
48,274
period
adjustments
end
and
Fedeval
foundry
former
declared
Dec.
Canadian
For
^ter this year when 5-mile-a-minute Mainllner
300's
and additional all-cargo planes are placed in service, Mr. Bickley said.
y# '105, p. 854.* v
.......
Th«<>flmn.n«
par)
sales
Earned
for
$34,076,665 furniture
Net
underwriters.
share.
726.
and
profit
5,00©
$567,532
calendar Years
stock, payable March l to holders of record Feb. 18, 1947.
in 1946 were as follows: March 1, June 1 and Sept. 1, 50
each;
and
m°Pth- United also has inter-
*7 4 kaaI1
$450,553
tax..
net inc.
corp.
surplus
Wholesale
protection
calendar Years—
Net
RaDid
United Biscuit Co. of America-—Extra Dividend
$570,842
$2,401,608
accrued
for
Retail
a registration statement with the SEC
convertible preferred stock.
Reynolds
Proceeds will be used to pay cost
10 filed
($15
are
Lockport,
Co.,
directois
Total
Se
along
131,904
$889,199
Western Auto Supply
Verney Corp.—Earnings-
the
carry
1944
$582,462
175,918
prior
tor
income
period's
land
estimated 4,968,-
37
Even greater speed and improved facilities for
s
of
1945
$746,760
3,250
(1,623 shares),
the
common
Payments
,c0.mPany's Cargoliners and Mainliners
Country
I
by
V^n Raalte Co., Inc.—Declares 60-Cent Dividend—
Biggest month to
I000 alr freight ton-miles.
i four-engined and twin-engined planes
frSgh5;'a?,-ilw?11 as air express and air mail.
swift
1
Dallas,
in
place
Manager of cargo sales.
United has agreements with local
;
to
company's
ferred
Sr
f
took
to the wrist and
waterproof glove which is
pairs of ordinary canvas gloves—V. 165, p. 854.
Feb.
on
shares
per
Canadian
Sooe?onnmii^ of operations for the first 12 months.
t?e servJce by shiPPers resulted in an
aii
$16
The
<
Th® corporation inaugurated air freight
flew
and
YEAR ENDED DEC. 31
$19,930; management fee, $49,188; cus¬
todian and transfer agent fees, $10,976; other current liabilities, $390,866; capital stock
(par $1), $1,997,806; capital surplus, $33,053,942;
earned surplus since July
1. 1939, $140,522; treasury stock at cost
York
ton-miles of air freight were flown by United
first year of such operations, it was announced
V
J
made
ever
fee
LIABILITIES—State
it is announced.
developed in the company's Providence, R. I. plant.
many
York,
New
—V. 165, p.
the
legal
ASSETS—Cash,
it
companyf8CeSSary f°r the program coming
J
boilers
of
started
said
is
was
company
converting
at
AHnlin?
X01
construction and acquisition of other
Wii*? company is spending approximately $85,JljL raised
large-scale expansion, with approximately $49,500,000
bem&
through
Air
The
165,
secondary offering of 2,000 shares of common stock (par
$10) was effected Feb. 14 by Hamlin & Lunt, Buffalo,
expects, through these three steps,
capital for completion of its purchase
outside
for 1946, Walter
$1,147,102
Month of January—
100,000
cents
that
the results
_
net
Wholesale
Upson
Inc.
$12,000,000 3V2% debentures, due Feb. 1, 1967, as well
by a $28,000,000 bank credit agreement arranged with
of Umted's depositaries
through Thd National City
has
'
has
that
outlast
Co.,
38
Bank of New York.
|
RR.,
building to manufacturing
purposes and to pay short-term bank loans.
Any balance will be used
as
working capital.—V. 164, p. 1767.
Privately—Bank Credit Agreement
—The offering of new preferred stock is
being supple¬
mented by the sale to the
Metropolitan Life Insurance
Co.
Mr. Hunt said.
Street was closed.—V.
Central
Building.
These boilers were manufactured
Pacific Steel Boiler Division.—V. 165, p. 379.
product
The
&
Sale of Debentures
of
benefit.—-
$889,199
__
BALANCE
rep¬
of
INCOME,
period
Capital surplus, end of period
superior wearing qualities,
to
for
option
group
reporting
dividends, etc.
surplus begin,
Surplus
SEC—
of
a
tax
states that the • asset value of the shares was
after payment of $1.30 per share of dividends
security profits.
This compares with $20.02 on
and
2.3 acres
feet on
40,000 square
Franklin
1815
at
Vernor
by dipping the canvas in liquid
vulcanizing.
The result is a tough,
then
shares
warrants
non-recurring
feet
is made
of
common
622,518
$2,459,998
257,903
income
Total
when two Pacific steel heating boilers with capacity
of direct steam radiation each were placed atop
9,
company
glove
have
It
expire Feb. 25.
holders at any time prior to Jan. 1, 1957.
Any shares df preferred not subscribed by holders of
resenting the right to subscribe will be purchased by
stockholders,
Dividends paid
announced.
cover
Michigan
the
office
near
18-story Kirby
The
right to
preferred
19.5
505,638
•
Universal Winding Co., Cranston, R. I.- -Registers
(par 5100)
extraordinary
of
shares sold
(Mich.) branch office
Highway, Willaim H.
Detroit
new
has
warehouse
installation
Feb.
on
The
to
of
United Air Lines, Inc.—Offering of Preferred Stock—
subscribe
to
for Penn.
Prior
States Radiator Corp.- -Makes Novel Installa-
highest
work
principally
inclusive
.
„
by
its
manager,
and
24,290 square
the
to accrual in each of the months
approximately one-fourth of the bal¬
ance unamortized as of Aug. 31,
1945, of the cost of national defense
facilities completed or acquired prior to Sept. 1, 1945.
§To offset reduction in net income resulting from refunds on ship¬
ments transported in prior years, of the difference between commercial
rates and land grant taxes.
fiLoss —V. 165, p. 115.
'
Sept.
$3,082,516
$2,715,915
$981,876
preferred stock
income
Adjust,
56,126,762
}14,225,397
69,848
Cr2,212
profit from security transactions
Earned
United States Rubber Co.—Announces New Product—
taxes
due
9,836,510
branch
served
corporation's
tl,460,898
charges
tlncludes Federal inc.
242,702
year-end
taxes
crued
Texas,
amort.
retir.
Net
tion in Dallas—
3,981,724
1946—12 Mos.—1945
1946—Month—1945
*Tncl.
13,667
President,
the
Ordinary
cost,
34,650,279
30,230,014
stock
common
letter
profit
year
115,
The
Balance
result
ordinary
Net
1,618,699
34,211,738
3,981,724
stock
on
221,303
17.731
con.L._
$218,157
Non-recurring
notification-Willi''the
a
Road
Dix
6845
on
office
new
United
Dividends
732,811
209,092
31, 1945.
Net
company's former
p.
3,780,135
667,800
18,442
deduct..
to
Corp., Denver—Files With
Development
on
warehouse
The
of
all sources
Net inc. fr.
55,650
17.424
854.
at
Total
corporation has occupied
Hunt,
47,703,447
1,395,365
and other chgs.—
55,650
_
Deductions
854.
p.
&
company
The
and
Fixed
82,541
$4,106,478
1946
along with qualified
United States Plywood Corp.—New Warehouse—
and
sources
67,398
$3,833,297
plant
Income from interest,
letter of
SEC
for 3,000,000 shares
(10c par) 6'^
preferred,, to be-, Offered at par
without underwriting.
Proceeds will be used for acquisition and devel¬
opment of oil and gas leases or mining properties.
} >f
The
transp.
invests,
from
other
3,609
$1,072,665
$2,210,277
p.
his
Dec.
SEC—
13,947,665
2,518,053
Inc.
715
STATEMENT OF
,
Net
and
Morgan,
Prov.
S.
U.
84,536,070
737,952
$4,023,937
$308,962
promoting the merger
Participation in new or existing enterprises
holders
129,591,288
—
.
associates.
Equip, and joint facility
rents
165,
$18.26
based upon Dec. 31, 1946, indicated market values.
The company has disposed of much of its interest in subsidiaries and
intends to reduce its remaining holdings
to below 5%
where that is
35,403,648
$3,765,899
income
In
business $50,000,000
74,585,795
*$1,069,056
bonds.
'•■Including
V.
of
liquidation.
(5.) Acquisition of securities for the purpose of
two or more companies.
(6.)
companies)
1(8,406,725
6,172,046
opers.
ry.
$308,247
Wellington Fund, Inc.—Annual Report—
stock have been retired.
It is calculated that there will be available for
2,916,041 C/'8,881,044
Net
tTaxes
revenue
1,010,000
.1,010,060
utility
int.
1,234,376
84,168
Balance
securities of closely held businesses that might
be sold or otherwise disposed of.
(3.) Purchase of working control in businesses.
(4.) Purchase en bloc and resale piecemeal of assets of companies
27,689,334 361.395,534 491,877,872
36,096,059 286,809,739 362,286,584
29,872,023
23,699,977
revenues
oper.
*Ry.
Cr942,755
1,279,520
84,168
adjustments
charged
Net
securities.
(2.)
1946—12 Mos.—1945
$
$
1946—Month—1945
Period End. Dec. 31—
By.
the
of
2,158,192
.1,827,912
-
122,248
appro.
Dividends applicable to
through loans or through purchase
Financing of reorganizations
(1.)
of
Union Pacific RR. (& Leased Lines)—Earnings—
between
344j685
Cr942,755"
92,886
inett
mtge.
on
acquis,
shares of preference
accounts
-
501-.538
211,108
income
Amort,
follows:
as
were
offsetting
- •
deduct..
res.
income
Gross
that, in tne judgment of its directors,
present favorable opportunities for profit, the company discloses in
a
proxy statement filed with the SEC, Feb. 11. The statement outlined
plans for future operation.
While
serving the right
to engage in
the purchase and sale of
securities in the general market, the situations now contemplated as
a
field for the employment of the company's capital were summarized
pointed
(Excluding
Earnings—
1946—12 Mos.—1945
$1,047,083 $12,522,426 $11,614,610
369*681 •
4,639,195
4,130,86©
$1,197,947
__
-___m
deduction
operating
Other
and
capital in special situations
its
common
was
amount
before -spec.,
retire,
p.
1946—Month—1945
F-rop. & other taxes..__
Prop,
owned by
is
Wawaset
1932.
of
162,
before
taxes,
Special
hopes to letire the balance "within the next 12 months. '
agreeing with United's premise
that stockhoder approval
should be "limited to the class of stockholders which will have an
interest in the company after the proposed change is to take place,"
the Commission found no necessity for a formal or technical modifica¬
tion of its Aug, 14, 1943, order.
stock, payable Feb. 20 to holders of record Feb. 10.
qyt that during the year of 1946 dividends of like
paid on March 28, June 27, Sept. 30 and Dec. 27, and
action of the board on Feb. 5 specified that consideration will be given
the payment of any subsequent dividends during
1947 in the months
of May, August and November.—V. 163, p. 2486.
the
on
It
stock
common
Warner Co.—V.
While
UARCO, Inc.—30-Cent Div. Payable in February—
The
revenues
Federal
its application. United had pointed out that since the
has retired about 54'^
of its $3 cumulative preference
it
order
stock,
60,000 shares of common stock,
for
Operating
Operating expenses
operations.
future
its
on
the
of
Washington Water Power Co.
Other
dividend of $1 per share on the pre¬
ferred stock, payable March 15 to holders of record Feb, 26.
Stephen G. Walton, 551 Fifth Ave., New York, N. Y., is Secretary.
heave declared
vote
50^
directors of
and
Period End. Dec. 31—
support of
After
The directors
also
than
■More
officers
Gives Plan for the Future—
Unit, Inc.—Preferred Dividend—
Tudor City Seventh
should
that such merger would
the companies or their
effect
the
to
Stockholders
The Securities and Exchange
stockholders
obtained
tax consequences to either of
result in any
not
Commission, Feb. 10 in a memorandum
opinion cleared the, way for the corporation to submit to its common
stockholders
at. the annual meeting April 9 its plans to continue
operations as an investment company after it has completed steps
to terminate its existence as
a public utility holding company.
The
Commission,
however,
expressly reserved full authority to
require another stockholder vote "if conditions materially change be¬
fore United ceases to be a public utility holding company and, as a
result
of .such changed conditions,
it appears to us that fairness
requires another vote of stockholders at that time."
The present action by the Commission was on an application tiled by
United
for a modification of
the SEC's order of Aug. 14, 1943, to
eliminate
the
requirement
that the holding company's preference
been
has
Revenue
Voting Plan—
United Corp.—SEC Consents to
1946
Monday,, February 17, 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
984
o^ offered d^rj^
the
10 years^-V. 164, p. 1638.
it
[Volume 165
Number
4569
a
"V
'•? A-* •>; IF
'
'•>
»> v
*
rt t
f ,* /*.*
1
•
••
••
<•• •**'
,
TH£ COMMERCIAL & FINANCIAL
CHRONICLE
985
—
'•l5''V
<•*"
•1v
State and
'
CityDepartment
BOND PROPOSALS AND
ALABAMA
Florence, Ala.
Bond Redemption Notice—It is
stated by Marilon R.
Coburn, Act¬
ing City Clerk, that, pursuant to
the
terms of the refunding ordi¬
under
nance
"Were
bers have
the
which
issued,
been
Board
said
bonds
bend
certain
num¬
drawn
lot
by
Commissioners
of
of
by
Aug. 1, redeem and retire Gen-
oral
Holders
of
present them
the
bonds
date named
at the First National
Bank, Flor¬
where
ence,
payment
will
the
issue
of
be
ARIZONA
(P. O.) Phoenix), Ariz.
Sale—The
issue
of
$298,-
C00 school bonds offered Feb. 10—
165,
385—was
p.
proposed
civic
center
$200,000
a
awarded
to
as 2s, at a price of
102.278, a
basis Of about 1.804%, Dated Feb.
15, 1947,
F-A.
as
a price of 100.02—v.
729—are dated Jan. 2, 1947,
p.
and mature
Nov. 1, in 1948 to
optional
for
redemption
15, as follows: $8,1948, $22,000 in 1949, $23,-
011
prior to maturity
payment date
on
on
or
•
Bond
Ordinance
that
reports
Feb.
on
■
•
any interest
after Nov. 1,
....••••
$10,000
Passed
—
The
.
an ordinance
4, calling for an issue of
water system bonds.
have been purchased
by the Carleton D. Beh
Co., of Des
totaling
$200,000 were purchased
on Jan. 22,
by Leedy, Wheeler &
Co., of Orlando, as 2V2S, at a price
of par: $100,000 school district
No.
26, and $100,000 school district No.
No. 355, III.
Bonds Voted—An issue of
000
construction
proved at
a
bonds
$120,-
was
Mason
recent election.
Bond
Paine, Webber, Jackson & Curtis, 5
bonds.
Metropolis, III.
Chicago, and Kenneth A. Ellis
Bonds Sold—An issue of $213,■& Co., of Phoenix, jointly, at a
Pinellas County (P. O.
000 l3/4%-2%% electric light
plant
price of 100.035, a net interest cost
Clearwater), Fla.
and
system
refunding
revenue
Of about 2.29%, as follows:
Certificate Sale
The
$200,00()7 bonds has been sold. Dated July
$60,000 Is. Due $20,000 on Jan. 1 3V4% water revenue certificates!
15; 1946. Legality approved by
from 1948 to 1950 incl.
offered for sale on Feb.
11—v."
'ChaiTes & Trauernicht, of St.
40,000 IV4S. Due $20,000 on Jan. 1 165,
p.
585—were
awarded
to
Louis.
in 1951 and 1952.
Welsh, Davis & Co., of Chicago,
1960; the
3s, dhe $1,000
as
Mason City Indep. Sch. Dist.
(P.
ap¬
of
from
1
1954
1965
to
60,000 2s. Due $20,000
from
1957
to
Jan.
on
1
Jan.
1: $20,000 in 1960 and 1961 and $18,-
000
on
and,
1947
about
of
2.968%.
These
Oct.
105.11,
1, in
basis
Dated
'
certificates
1963 through
of
Feb.
a
1,
due
are
1978. The
next
highest
bidder
was
the
Equitable Securities Corp., at a
price of 103.26.
1962.
in
All of the bonds
1,
price
a
1947.
incl.
1959
58,000 2V4S. Due
incl.
at
in
above-stated
addition
to
the
coupons,
issue will bear interest to
»of 4% for the first
Polk
dated Jan.
are
the
entire
a
total
Bonds Voted—An issue of
$110,000 construction bonds was favor¬
Jan.
on
21.
.Pinal County, Coolidge Sch. Dist.
(P. O. Florence), Ariz.
Bonds
Defeated—The
of
tthe County Board of Supervisors,
has announced that the following
bonds
amount
defeated
at
to
the
$375,000
election
were
held
on
Alta
Consolidated
be
submitted
—
No. 303, III.
Sold
The
Bonds
on
following
—
nue
is
bonds
being
offered
to
the
voters at
an
p.
$100,000
construc¬
were
voted
1
from
1948
to
1957
Second
incl.
high bid of 100.661 was submitted
by Beecroft, Cole & Co.
'
Clarksville, Ark.
'
Bonds Voted—At
tion
the
voters
a
recent elec¬
said
are
to
have
approved the issuance of $117,000
extension and
sewer
bonds by a
construction
wide margin.
Harrison, Ark.
of
Olney Township High Sch. Dist.
No. 76 (P. O. Olney), III.
Bond
Election—An
issue
of
the
voters
at
the
election
to
the proposed issuance of
40,000 airport improvement bonds
t
an
on
election slated for March 10.
Paragould, Ark.
Bond Election—The issuance of
150,000 community hospital bonds
ill be submitted to
a
vote at an
lection scheduled for March 10.
CALIFORNIA
and
Election
Pending
an
—
nds»
regarding
to
up
prospective
a
$100,000,000
bonds.
revenue
would
result
of
The
from
issue
of
authority
financing
the
projected
acquisition by the authority of the
city's transit and elevated lines.
talks,
firms
as
participating
joint
managers
in
of
a
the
na¬
tionwide group of 140 investment
dealers,
Blyth &
were
Co., Inc.,
Corp., and Harris,
Hall <& Co., (Inc.).
the First Boston
INDIANA
er,
that the $800,000 not to exceed
2%
electric utility revenue bonds
offered on Feb. 7—v. 165, p. 729—
were
not
sold
bids
received.
000.
Dated
as
there
were
Denomination
no
$1,-
Jan.
1,. 1947. Due as
follows: $10,000 on Jan. and July
1, 1949; $20,000 on Jan. and July
1, in 1950 and 1951, and $25,000
on
Jan. and July 1, from 1952 to
Bonds maturing on and after
1965.
—
78
(P. O. Naperville),
Illinois
Bonds
Trust
Sold
—
The
Northern
Co., and Halsey, Stuart &
Co., both of Chicago, in joint ac¬
IOWA
bonds
of¬
&
noted
as
pur-"
a price
100.027, on the bonds divided as
follows: $11,000 <asv2
« due' from
March 1,1948 to 1954; the remain¬
ing $29,000 as ; 2%s, r due from
March
1, 1955 to 1967. Dated
1, 1947. Prin. and int. (MS) payable at the Town Treasur¬
March
approved by
Chapman & Cutler,
of
>
Chicago.
Bonus Bond Issue
Proposed—A
bonus payment to World
veterans was introduced
Feb.
on
6.
War
in
The
II
the
pro¬
about
1947.
1.725%.
Due
on
Jan.
Dated
in
1,
reports that the tax
to yield $5.3 million
which
the
cities'
share
Jan.
1,
to
1948
1967; optional oh and after Jan. 1,
Interest payable J-J. Second
of
is one-half.
Day after
en¬
,
actment of the tax Dec. 27, Balti¬
repealed
more
its
pari-mu-
new-
tuel tax, leaving the field open for
state
collection.
Baltimore will
Son, of Louisville, as
receive
price of 100.226, a basis
a
from
enue
lar
estimated $1.25 million
an
the state tax, the same
it expected frpm the
city levy.
rev¬
simi¬
•u?,
■
1959.
best bid
was
offer of 101.01
an
MASSACHUSETTS
for
submitted
2s,
by Almstedt Bros.,
the Bankers Bond Co., and Stein
Bros. & Boyce, bidding jointly.
Winchester, Ky.
Brocktcn, Mass.
Offering—Leo V.
Note
Clancy,
City Treasurer, will receive bids
until
11 a.m.
(EST) on Feb. 17
for
Bond Offering—Sealed bids will
be received until 8 p.m. on
the
purchase
discount
at
of
$1,000,000 notes issued in anticipa¬
Feb. 17,
tion
of
by Lindsey Faulkner, City Clerk,
Feb.
for the
18, 1947 and payable Nov. 6,
1947
purchase of $200,000
revenue
bonds.
sewer
revenue
at
the
for
1947.
National
Dated
Shawmut
Interest rate is not
Bank of Boston.
Legality to be*
2%%, payable F-A. Rate approved by Storey, Thorndike,
to be in multiples of xk of 1%. Palmer &
Dodge of Boston.
Denom. $1,000. Dated Feb. 1, 1947.
Due on Feb. 1, as follows: $5,000
Brookline, Mass.
Bond
in 1949; $7,000 in 1950; $9,000, 1951
Offering—Albert P.
and 1952; $10,000, 1953 and 1954; Briggs, Town Treasurer, will re¬
to exceed
$12,000, 1955 to 1957; $13,000, 1958
1961; $14,000,1962 and 1963, and
$17,000 in 1964 and 1965. Subject
to
to
prior redemption, in whole or
part, on or after Feb. 1, 1950,
in
on
certain conditions.
Prin.
ceive
Feb.
on
forms.
forms
Bids must
which
may
at the office of the
City Clerk. A
$2,500 certified check must accom¬
pany the bid.,
Bond
and drain construc¬
sewer
tion
bonds.
follows:
1955
Due
$4,000
Feb.
from
1,
as
1948
to
inclusive, and $3,000 in
1956 and
1957.
All of the bonds
are
dated Feb.
I,5
1947.
Denomination $1,000. Prin¬
cipal and interest (F-A) payable
at the First National Bank of Bos-.'
Bidder to
name
a
single rate:
Thorn,
ex¬
pressed in
will
years.
Authorized at an
held on July 23r 1946,
construction,
1, as fol¬
Feb.
of interest for all the bonds,
LOUISIANA
Mayor,
Due
sive.
38,000
ton.
Arnaudville, La.
Offering—W. W.
01*
noon
$161,bonds, divided as fol¬
bonds.
be made
be secured
until
lows: $15,000 in 1948 and $12,000 from 1949 to 1957 inclu¬
Fahey, of Louisville, being given
as to their legality. The city
will
furnish said opinion and printed
bond
bids
$123,000 highway
and
payable at the City Treasur¬
er's office. Bonds are being
of¬
fered subject to the final approv¬
ing opinion of Skaggs, Hays &
sealed
17 for the purchase of
000 coupon
lows:
int.
receive sealed bids
Adair County (P. O. Greenfield), until 7 p.m. on March 4, for the
Iowa
purchase of $160,000 semi-ahnual
Bond Sale Details—The County gas utility revenue bonds, to bear
Treasurer now reports that the not exceeding 4% interest. These
$100,000 hospital site, construction bonds are due in not to exceed 25
count, 'were successful bidders at and maintenance bonds sold to the
decent offering - of- $490,000 Adair
County Bank of Greenfield,
v'%< the
1956 inclusive.
July 1, 1954, shall he redeemed at
the option of the city on Jan. 1,
Proposed
Bond
Issue
An
1954, or any interest payment date
ordinance calling for an issue of
thereafter, in their inverse nu¬
$2,000,000 fire department equip¬
merical order, at face value there¬
ment bonds was introduced in the
of, plus certain premiums.
City Council on Jan. 23.
No.
the proposed
14 from 1948 to
the
I. L.
The
election at which ,the
oters will pass op
Members of
DuPage County School District
ity Council is said to have auhorized
—
Portland, Ind.
Porter, recently confer¬
Bonds Not Sold—It is stated by
red
in
New
York
City
with
Clem Wilson, City Clerk-Treasur¬
various investment
banking houses
Newport Beach, Calif.
Bond
Issue
plant
for sale on Feb. 7—v. 165,
729—were awarded to J. J. B.
l%s, at
Chicago Transit Authority, includ¬
ing Chairman Philip Harrington
The
Bond Election—The voters will
pass
Revenue
2.46%,
729-*-wefe
of
annually,
the
at
Bankers Discuss Possible Transit
Feb. 1 and Aug.
165,
chased by the said firm at
is expected
fered
Hilliard
be held about March 8.
bonds
disposal
sewage
election held on Aug. 3, 1946.
Savanna, III.
Bonds Publicly Offered—A
City, Ark.
group composed of Julien Collins
Belleville, III.
Bond Sale—The $107,700 1V4 %
Bonds Purchased—It has been & Co., Braun, Bosworth &
Co.,
ater works improvement bonds
announced that an issue of
$155,- Inc., and Paul H. Davis & Co.,
offered Feb. 10—v. 165, p. 855—
000 second series,
is making public offering of $310,working cash
were awarded to Lathrop-Hawkfund
bonds
was
000 3% sewerage revenue bonds
purchased
re¬
Herrick Co., and the McKinneycently by the Local Banks, as 2s. at prices to yield from 1.20% to
Ohmart Co., Inc., both of Wichita,
2.50%, according to maturity. The
jointly, at a price of 100.687, a
Chicago, III.
bonds mature annually on Dec.
basis of about 1.115%. The bonds
on
here—v.
—
Georgetown, Ky.
ARKANSAS
semi-annually
net interest cost of
posal, which would be submitted
for consideration of the voters in
Bond Sale—The $104,000 coupon
Benjamin Lewis & Co., of Chicago,
for general investment at prices
construction
and
site
purchase bonds will be submitted
bonds.
It is now
—
$40,000
water
White, Hattier
&. Sanford„ of New Orleans, at a
bonds
by
to
and
s
the
Dighton, Kan.
Arkansas
dated Feb. 1, 1947 and mature
that'
0.
KENTUCKY
purchase,
These
are
stated
works bonds sold to
District
March 10.
Bonds
Oblong, III.
Jens & Rowe, of Peoria: $4,000 site
tion
Sale Detai
legislature
Bonds Offered to Public—An is¬
sue of $100,000 3%% water reve¬
District
bonds totaling $104,000 were pur¬
chased last September, by
offered
be
,
Maryland (State of)
The
KANSAS
1948 to 1983.
School
to
-
.
1948, provides for payment of the
Sold
The
following bonds from real estate taxes.
aggregating $75,000, were
Mt. Pulaski Township, Park Dist.,
Cities Benefit From Racing Tax
purchased recently by the First
—Cities will receive an estimated
Illinois
National Bank of Dighton: $25,000
Bond
additional
Election—An issue of
$2.6 million in state
water works, and $50,000
light and funds this year from a new
$150,000 park building and im¬
paripower plant bonds.
mutuel horse-racing. tax
provement bonds will be submit¬
passed
These bonds were authorized at
ted to the voters at the election
by the state legislature in special
the election held on June 10, 1946.
to be held on March 20.
session. The Americein Municipal
Negley, $950,000
Feb. 8:
$230,000 grammar school bonds.
145,000 high school bonds.
shortly.
Patterson, La.
Bond
City), Iowa
Election
election
yield from 1.50% to 3.00%, ac¬
cording to maturity.
Due from
ILLINOIS
Clerk
is scheduled
for sale
of
improvement
Secretary states that the issuance bill authorizing the State to issue
of $30,000 construction bonds will $100,000,000
bonds to finance a
to
ably voted at the election held
IV2 years.
bonds
public
.
Association
County, Eloise Sch. Dist.
(P. O. Bartow), Fla.
•>;■ ■
MARYLAND
—
:20,000 IV2S. Due Jan. 1, 1953.
<60,000 l%s. Due $20,000 on Jan.
■-••■ "'
Moines, at er's office or at the
Guaranty
as 23/4s;
Trust Co., of New York. Legality
par, as follows: $14,000
due $1,000 from 1947 to
remaining $6,000
following bonds McLean
Community High Sch. Dist. in 1961 to 1966.
the
Ufa
^'5I«
V
New Iberia, La. ■'
Sale—An issue
$250,000
in 1950 and 1951, $24,000 in
1953; giving a net interest cost of
1952, $25,000 in 1953 and 1954, about 1.245%.
Interest payable
$26,000 in 1955, $27,000 in 1956, M-N.
Bartow, Fla.
$28,000 in 1957, $29,000 in 1958,
Additional Information
The
Fort Dodge School
City Clerk now states that the $24,000 in 1959, $25,000 in 1960,
District, lovua
An
$150,000 1%% electric power re¬ $26,000 in 1961, $27,000 in 1962, ; Proposed Bond Election
$28,000 in 1963, $29,000 in 1964, election may be held shortly on
venue certificates sold
recently—
the question of
$30,000 in 1965, and $41,000 in
v. 165, p. 728—were
issuing $600,*000
purchased by
Leedy, Wheeler & Co., of Orlando, 1966. Principal and interest pay¬ school building bonds.
able at the District Treasurer's
at a price of
-j.-y/
101.60, a basis of
office.
Grimes, Iowa
about 1.45%. Dated
Legality
approved
by
Sept. 1, 1946.
Bonds Sold
The Town Clerk
Chapman & Cutler, of Chicago.
Due in 1947 to 1956. Interest
pay¬
states that the $20,000 water works
able M-S.
revenue bonds offered last
Hartford, III.
August,
000
County School Districts
Village Board passed
(P. O. Pensacola), Fla.
^'U
;']vi
-
Plans Bond
FLORIDA
Escambia
;V
-:C.>]?'■:rV'.':;t':
■
■••''
vv,
<■
IV4S, at
165,
penom. $1,000. Interest 1959;
Due Nov.
000 in
Bonds Sold—The
Superintendent
of the Board of Public Instruction
Maricopa County Sch. Dist. No. 38
v.
on
bonds.
made.
Bond
future
near
bonds, purchasing
them
—
will
the
on
in
•;'••'
•.
'■??',;
NEGOTIATIONS
—
Refunding bonds, Series A,
dated Feb." 1, 1937, due Feb.
1,
1957, numbered 2, 3, 5, 22, 23, 42,
49, 50, 52, 54, 60, 71, 76, 83, 98, 100,
104 and 111.
special election is likely to be held
school building
'
»*i
**■
—
Florence, Ala., and the City will
on
San Bruno, Calif.
Election in Prospect—A
Bond
...
1%.
multiple of Va
opinion of Ropes,
a
Legal
Gray,
Best, Coolidge & Rugg of Boston
will
be
furnished
the
successful
bidder.
Everett, Mass;
Note Offering:—R a y.jn b n d- M.
Davis, City; Treasurer, will -re-<
.
election ■<5ejiy£bidsp
•
or
Feb.
18 for - the
Jr-
(ES1? )r
purchase at, disV
THE COMMERCIAL & FINANCIAL CHRONICLE
986
count of $500,000 notes issued in
I anticipation of revenue for 1947.
Dated Feb. 19, 1947 and payable
Nov. 7,1947 at the National Shaw-
f.
mut Bank of Boston.
be
Legality to
Storey, Thorndike, Palmer & Dodge of Boston.
approved
by
All of the bonds are dated Feb.
15, 1947. Second high bid of 100.055 for $160,000 lV4s and $40,000
Is was made by a group composed
of McDonald-Moore & Co., Wat-
stadium construction;
chased recently by the Burlington
County Trust Co., of Moorestown.
reational
Dated
$300,000:
$125,000 $615,000 maturing March 1, $304,$90,000 rec¬ 000 in 1953, $311,000 in 1954, as
building; $75,000 air¬ 214s, $969,000 maturing March 1,
port, and $10,000 wharf construc¬ $316,000 in 1955, $323,000 in 1956,
aggregating
tion
Haverhill, Mass.
Offering—Gertrude A.
Ap¬
proved—The bill authorizing the
Barrows, City Treasurer, will re¬
borrowing of $270,000,000 to fi¬
ceive bids until 11 a.m. (EST) on
nance a bonus payment to veterans
Feb. 18 for the purchase at dis¬
of World War II has been signec
count of $800,000 notes issued in
by Governor Kirn Sigler. The aci
anticipation of revenue for 1947.
implements the program approved
Dated Feb. 18, 1947 and payable
by the voters at the November
Nov. 6, 1947 at the National Shaw1946, election. The State Adminis¬
mut Bank of Boston. Legality to
trative
Board
may
finance the
be approved by Storey, Thornprogram temporarily through the
dike, Palmer & Dodge of Boston.
issuance
of
1%%
notes, which
must
be replaced
within three
Lynn, Mass.
Sale—The
Note
tem¬
loan notes offered for sale
11, were awarded to the
porary
Feb.
on
National Bank of Boston,
Second
at
$600,000
rate of
0.58%, plus a premi¬
um of $1.25.
Dated Feb. 13, 1947.
These notes are due November 5,
a
The next highest bidder was
Day Trust Co., at a rate of
1947.
the
0.597%.
by bonds bearing a rate 01:
sold at
years
not more than 2V2% to be
less than
not
legislation anti¬
the
feature of
the levying of a bonus
proceeds of which will cover ma¬
jor part of the estimated $18,000,000 annual bond principal and in¬
terest requirements.
11,
MINNESOTA
Feb.
awarded to the First &
Bank, of Newburyport, at a discount of 0.597%.
Dated Feb. 11, 1947.
Denomina¬
tion $25,000. These notes are due
Nov. 6, 1947.
The next highest
able
of
bidder
the
was
tional
Merchants
Bank, Boston, at
Na¬
rate of
a
0.605%.
Sale—The
Bond
National
ing bonds offered for sale on Feb.
165, p. 729—were awarded
the State Bank of Hanska, as
3—v.
iy2s, at
a
1947.
1,
bonds
Dated Feb.
$1,000. These
due Feb. 1, from 1949 to
price of
Denom.
are
inclusive.
1966
Ann Arbor,
Tax
contract with the city, provides
annual
payment
the
by
university to permit expansion of
the city water or sewage system as
well as $20,500 to pay salaries of
policemen now serving in
university area.
University officials also agree
to pay the city $5,000 on capital
seven
the
investments for utilities for each
new
university building erected.
Further, the university expects
eventually to contribute about
$50,000 a year toward the city's
fire
and
final
not
police
action
on
contract
budgets,
though
has
under
which
the
of
after several months
came
negotiation.
ated
to
loss
Action
initi¬
was
help compensate for the
in
revenues
exemption of
caused
estate
50%
Bond
mated
that
at
least
half
of
the
annual Ann Arbor tax
collections is spent for services
the
university. State
provides for college
contributions in lieu of taxes to
municipalities but does not make
them
Mrs.
—
M.
L.
purchase
of
$294,000
building
bonds, to bear not exceeding 2 xk %
interest.
Dated
March
1, 1947.
Denom. $1,000.
These bonds are
due March 1, as follows: $14,000
in 1950 $15,000 in 1951 to 1962,
$30,000 in 1963 and $35,000 in
Rate of interest to
mandatory.
Woodville, Miss.
Bond Election—An issue of
000
"
furnished the purchaser.
check for $5,880,
fied
MISSOURI
will
receive
sealed
until
bids
March
11
for
the purchase
of
$125,000 bonds, consisting of $100,000 park and $25,000 airport. These
bonds
tion
were
authorized at
elec¬
an
a
Sale—The $200,000 storm
net
Sverdrup (P. O. Underwood,
R. F. D. No. 2), Minn.
Bonds
Sold
—
The Town
Clerk
reports that the $25,000 road
and bridge bonds offered for sale
last September 30, were purchased
by the First National Bank, of
Fergus Falls, and the
Farmers
now
State Bank,
as
2s, at
Union
of Underwood, jointly,
par.
(P. O. Caledonia), Minn.
now stated by
Town
Clerk
that the
County (P. O.Meadville),
Miss.
Bond Election—An issue of
000
county
bonds
will
be
$65,sub¬
mitted to the voters at the election
to be held
on
Feb. 25.
price of 100.-
interest cost
of
1.077%, as follows:
$120,000 iy4s. Due $40,000
; 15 in 1951 abd 1952.
about
Gulf port,
Bonds
on
':;'v'-iT5 from 1948 to 1950
80,000 is. Due $40,000
to the
at
voters
the
in
held
be
an
near
Feb
incl.
on
Feb.
Miss.
—
Sealed
received until 2 p.m. on
bids
Feb
14, by Ivan Ballenger, City Clerk
for the purchase of the following
not to exceed 6% coupon bonds
were
<
Offered
were
no
bids received for
the bonds in
Hastings, Neb.
highest bid was an offer
of
100.11 for $2,614,000 as 2V2s,
and $7,386,000 as 2%s, giving a net
interest cost of about 2.397%, sub¬
mitted by Blyth & Co., Lehman
Bros., and associates, which was
Second
Bond
bids
of
Agard,
F.
Offering—R.
Director
Finance, will receive
by an offer of the First
Corp. group, bidding 100.013 for $5,640,000 as 2y2s, $1,322,000 as 2V4s, and $3,038,000 as 2%s,
giving a net interest cost of about
until 2
p.m.
March 3 for
on
purchase
1949; $57,000, 1950; $58,000, 1951;
$59,000, 1952; $60,000, 1953; $61,000, 1954; $62,000, 1955; $63,000,
1956; $64,000, 1957; $65,000,
$66,000, 1959; $67,000, 1960;
1958;
$69,000, 1961; $70,000, 1962; $71,000,
1963; $72,000, 1964; $74,000, 1965;
$75,000 in 1966, and $76,000 in 1967.
The bonds are secured by earnings
of the water system and are also
payable, if necessary, from un¬
limited
taxes
on
all
of
the
city's
ried
the
at
election
held
Shelbina,
lave
held
on
Nov.
1946,
26,
reports
sewerage
Fund
submitted to the voters at
Bond
Election—At
an
an
elec-
28,
it is
election
to be held in
consider
an
April the voters will
issue of $41,000 water
construction
bonds.
This proposition was de¬
feated at a previous election last
October, having failed to obtain
the
required majority necessary
for approval.
system
and
the
ing, Trenton, sealed bids for the
purchase of $4,649,500 registered
New Jersey county, municipal and
school
will
—
An
the
purpose of submitting the follow¬
ing bond issue proposals: $400,000
civic center construction; $38,000
park, and $5,000 airport. The civic
construction loan was rejected by
the voters at the November,
1946,
general election.
with
NEBRASKA
Nebraska
Public
Power
and
Irrigation Dist. (P. O.
Hastings), Neb.
Bond
Sale
The
$10,000,000
Nebraska
Public
Power System
Steam Generating Division reve¬
bonds offered for sale
on
an
election
on
Note
NEW
follows:
MEXICO
Melrose, N. Mex.
Bond Issuance
stated
by
may
Pending—It is
Edith
Harper, Village
Clerk, that
the
$50,000
sewer
bonds approved by the voters last
be issued in the
near
future.
Raton, N. Mex.
Bond Offering—Sealed bids will
Interest
rate
is not
to
ex¬
ceed
1V2%, payable M-N. Denom.
$1,000. Dated Feb. 15, 1947. Due on
May 15,
as follows: $25,000 in 1948
1949, $26,000 in 1950 to 1952,
$27,000 in 1953 and 1954, $28,000
in 1955 and 1956, $29,000 in 1957
and 1958, $30,000 in 1959 and
1960,
$31,000 in 1961, $32,000 in 1962 to
and
1964,
and
bonds
$17,000- in
maturing
callable
at
the
1965.
after
All
1954
are
option of the city
May 15, 1953, and any interest.
payment date thereafter. Prin. and
on
int.
payable at the First National
Raton.
The
approving
Bank,
of Pershing,
Bosworth,
Dawson, of Denver, will
&
be furnished. A certified check for
5%
of
the
amount
of
the
bid
is
required.
Silver
City, N. Mex.
Bond Sale Correction—The
000
water
Jan.
15
works
awarded
were
Zahner
Co.
bonds
of
2.36%,
Soden-
to
Kansas
as
City, at a
net interest cost
follows:
$20,000 2s. Due $2,000
from
$65,-
offered
Jan.
on
15
1948 to 1957 incl.
20,000 2V4s. Due $2,000
on
Jan. 15
1958 to 1967 incl.
1977 incl.
Budway, City Treasurer, will receive
sealed bids until 7 p.m. (EST) on
Feb. 18 for the purchase at dis¬
count of $100,000 notes issued in
anticipation of revenue for the
current year. Dated Feb. 20, 1947
and payable Dec. 20, 1947 at the
National
ton.
Shawmut
Bank
of
Bos¬
Legality to be approved by
Storey,
Thorndike,
Palmer
&
Dodge of Boston.
of New
as
be
offering
to the date of payment.
Berlin, N. H.
Lloyd
St.
the bonds divided
will
award
Offering—E.
Chicago, Newhard, Cook & Co., of running from Portland to Kittery.
on
bidder
15, as fol¬
$2,000 from 1958 to 1972
incl., and $3,000 from 1973 to
Co., of Cleveland, A. C. State from Kittery, Me., to NewAllyn & Co., of Chicago, Braun,
buryport, Mass., was recently in¬
3osWorth & Co., Inc., Stern Bros.
troduced in the legislature. Money
& Co., of Kansas City, William
for the project would be issued
Blair & Co., of Chicago, Roosevelt
through the issuance of revenue
& Cross, of New York, Milwaukee
bonds, payable exclusively from
Co., of Milwaukee, Kebbon, Mc- tolls. The artery would link with
Cormick & Co., Cruttenden & Co.,
the $15,000,000 toll highway now
Mullaney,
Ross
& Co.,
all of being constructed in Maine and
Co., of Toledo, Thomas & Co.,
Pittsburgh, and the National Co.
of Omaha, at a price of 100.018, a
net interest cost of about 2.2902%,
the
lows:
&
&
on
the
largest price and accrued interest
HAMPSHIRE
Feb.
of
to
from
New Hampshire (State of)
165, p. 730—Were awarded
Super-Highway Proposed — A
on Feb. 11, at Hastings to a syn¬
bill authorizing the creation of the
dicate composed of Halsey, Stuart
New Hampshire Turnpike Author¬
& Co., Blair & Co., Inc., Hornity to finance a $6,000,000 tollalower & Weeks, of New York,
financed super-highway across the
Louis, Wm. E. Pollock & Co.,
York, Dolphin & Co., of
Philadelphia, Fox, Reusch & Co.,
of Cincinnati, Miller, Kenower &
Co., of Detroit, Ryan, Sutherland
and
price of 100.15, a
10—v.
Otis
bids
25,000 2V2S. Due Jan.
NEW
—
nue
bid
of about
of $33,000 airport site and con¬
chased
Central
sealed
to 2 p.m.
blocks of bonds.
will be required
the
made
struction bonds.
bonds
as
3s, as follows: $30,000
Kalman & Co., of St. Paul, and
5510,000 by local buyers. Interest
payable J-D.
These
received up
all of 27 separate
No down payment
offered last June, have been pur¬
Dy
bonds.
be
Feb. 18, and will be considered for
Dick
$40,000
revenue
at their office,
1307, Trenton Trust Build¬
opinion
Kearney, Neb.
Proposed Bond Election
sue
Clerk
will receive
Room
Feb. 4 the voters authorized an is¬
Town
that
system
the Board of Trustees of the said
bonds.
Bond-Election—The issuance of
$179,000 construction bonds will be
Bonds Voted—At
Culbertson, Mont.
Sold—The
Secretary of the State Teachers'
Pension and Annuity Fund, that
the
Sidney, Neb.
now
is
25, by Eli Burch, City Clerk, for
purchase of $500,000 water
Gothenburg Sch. Dist. (P. O.
Gothenburg), Neb.
works
Jersey (State of)
Bond Offering—It
be received until 7.30 p.m. 021 Feb.
been sold.
MONTANA
Portfolio
announced by John A. Wood, 3rd,
on
Jan. 28.
election is being scheduled for
taxable property.
•
New
April,
Franklin, Neb.
Bonds Voted—An issue of $38,000 water works system bonds car¬
of $1,300,000 series
'fiOn scheduled for Feb.
H, 5th series, water works im¬
reported.
provement bonds. Due March 1 as
follows: $55,000 in 1948; $56,000,
Hallam, Neb.
the
J-D.
Boston
Mo.
Kansas City,
Dec. 15, 1946. Due on Dec.
1948 to 1950. Interest payable
15,
followed
future.
Feb. 4.
on
MISSISSIPPI
,
068,
to
Bond
Cloud, Minn.
Bond Offering—The City Clerk
Franklin
and sanitary sewer bonds offered
Feb.
10—v.
165, p.
729—were
awarded to Braun, Bosworth &
a
election
payable to
St.
April 7 election.'
Coi, of Toledo, at
construc¬
purchase bonds will
$115,000 airport
submitted
be
There
Election Planned—An is¬
A certi¬
by the
Marysville, Mich.
Bond
of
$330,000 in 1957, as 2s, $2,131,000
maturing March
1,
$336,000 in
1958, $343,000 in 1959, $351,000 in
1960, $359,000 in 1961, $367,000 in
1962, $375,000 in 1963, as 2y4s, $3,805,000 maturing March 1, $385,000 in 1964, $394,000 in 1965, $403,000
in
1966, $412,000 in
1967.
$422,000 in 1968, $432,000 in 19*9,
$442,000 in 1970, $452,000 in 1971,
$463,000 in 1972, as 2%, and $2,480,000 maturing March 1, $474,000
in
1973,' $485,000 in 1974,
$496,000 in 1.975, $507,000 in 1976,
and $518,000 in 1977, as 2y4s.
2.436%.
Cape Girardeau, Mo.
the District Treasurer, is required.
■
»■';-
17.
election
designated by the purchaser
The approving opinion
of Dorsey, Colman & Barker Scott
& Barber, of Minneapolis, will be
Bonds Sold—It is
will be considered
*
sub¬
be
mitted to the voters at the election
to be held on Feb.
iri his bid.
multiples of y4 of 1%. Prin¬
$10,000
Big Rapids, Mich.
road and bridge bonds offered for
Bond
Election—An
issue
23, were pur¬
of sale last August
$800,000 municipal water, light chased by the Caledonia State
and power plant
mortgage revenue Bank, of Caledonia, as IV2S, at par.
voters at the
will
bonds
paving
$60,-
pany
be in
cipal and interest (M-S) payable
at any suitable bank or trust com¬
the
bonds
is re¬
Mo.
Bonds Sold—Fred R. White, City
Clerk, has advised that the $90,000
sewage
and
disposal
tank
im¬
provement bonds authorized at the
1964 and 1965.
real
$400,000
benefiting
legislation
Offering
Regan, Clerk of the Board of
Education, will receive sealed bids
until 1 p.m. on Feb. 21, for the
of
belongs to the university.
same time,
officials esti¬
the
of
check
bid
by tax-
than
more
the property in Ann Arbor.
Most of this tax-exempt
At
price
a
Minn.
this proposal
university is helping its homecity carry the municipal finance
burden
at
Shakopee Indep. Sch. Dist. No. 1,
yet been taken.
The
1.90s,
Mich.
Loss
$97,600
for
100.075.
Offset—Marking
a
departure from common policy
governing
tax-exempt
colleges,
the University of Michigan re¬
cently agreed to pay the city of
Ann Arbor $125,000 annually in
lieu of taxes according to the
American Municipal Association.
The agreement, in the form of
a
highest
Piper, Jaffray & Hop-
was
wood,
next
Bank
National
certified
A
quired.
par.
The
17 for
of
York.
to
bidder
MICHIGAN
build
sealed
Feb.
on
a.m.
of the amount
2%
sue
$25,000
receive
the Chase
at
New
for
tion and site
Hahska Schdol District, Minn.
were
Ocean
10
purchase
Bond
on
will
$30,000 coupon
water and sewage bonds.
Dated
Feb. 1, 1947. Denom. $1,000. Due
$2,000 annually from 1948 to 1962
incl.
Principal and interest pay¬
The bonds are
have a
maturity
cipates
Note Sale—The $250,000 reven¬
notes offered for sale
until
bids
the
Offering
Clerk,
City
Neivburyport, Mass.
ue
Tupelo, Miss.
— J.
H. Merritt,
Bond
schedule Of either 20 or 25 years
A
in
1957, $12,000
par.
to
expected
on
1958 to 1962,
and $13,000 in 1963 to 1967. Inter¬
est payable M-S.
to
Note
1, 1947.
March 1, as follows: $24,000 in 1948 to 1952, $11,000 in 1953
Satterlee & Co.
Michigan (State of)
Bonus
Bond
Legislation
Dated March
bonds.
Due
and H. V
Co.,
&
Lerchen
ling,
Monday, February 17, 1947
NEW JERSEY
Moorestown
Township Fire District
No. 1 (P. O. Moorestown),
New Jersey
Bonds Sold—It is reported that
the
$7,000 2%
fire truck and
equipment bonds approved by the
voters
last
All of the bonds
are
dated Jan.
The previous report in
v.
165, p. 386 that the award had
been made to Boettcher & Co., was
15,
1947.
incorrect.
were
van
as
Other bids at the
same
follows: Bosworth, Sulli¬
& Co., 100.06 for $40,000 2.20s
and
$25,000 2y2s, a net cost of
2.37%; Boettcher & Co., 100.02 for
$20,000 l%s and $45,000 2V2s, a
net cost of 2.42%; Peters, Writer
& Christensen, 100.10 for $16,000
2s and $49,000 2y2s, a net cost of
2.46%.
Tucumcari, N. Mex.
Bonds
bonds
and
an
Unsold
($99,000
—
The
water
$139,000
and
sewer
$40,000 hospital) authorized at
election early in 1946, remain
unsold.
NEW YORK
Central Hanover Bank & Trust Co.,
New York
Miscellaneous
The
above
Bonds
Offered—
institution,
acting as
agents, will receive sealed bids at
office at 70 Broadway, New
York City, until 10:30 a.m. (EST)
its
on
Feb.
19
for
the
purchase
of
various State and
municipal bonds
aggregating $3,247,000. Bids should
be
addressed
to
the
attention
O. H.
of
Goettert, Assistant Treasur¬
er, and will be considered firm
until 5 p.m. (EST) on Feb. 19. The
December, were pur- offering includes 53 lots.
11§f ili ft
k. Wi-ti ;1":'-".
:•'
S.
:
|^
;
,
Number 4569
Volume 165
■'
I.IUKI
i
*
■
on
Tabulated—The
embrace
tables
coupon
a
rate
ing
50 for the cur¬
rates, with nine
periods from 35 to
basis
common
variables.
Cohoes, N.
Debt
Restrictions
the
city
Removed
account
An
Pitt County
—
...
.
,
30 days'
composed of
•
'
-■■-'■■'
.->•;•'■■
•-?
-
■
•"•//•, ■*>
.....
•.
•"•
'■"■
■
—
'
'''
•:!>■
'
The act required
bonds
Drain. Dist. No. 7
be received until noon on
Feb. 22,
by F. M. Wooten, Jr., Secretary of
the Board of Drainage Commis¬
sioners, for the purchase of $30,000 5% drainage bonds. The first
instalment of principal to be pay¬
able
of
July
1950, the remainder
1,
principal annually with curtail¬
the principal each
ment of 10% of
987
*':'.:-.T .'II
■n
'
rriMifii
MMMM
,
,-v'.i'
StOutsville), Ohio
on
(P. O. Greenville), N. C.
Bond Offering—Sealed bids will
recently
could be issued only
with the unanimous approval of
the Common Council and the con¬
sent of the legislature. It was en¬
acted following default by the city
which was corrected with State
that
■
Bond Offering—The dis¬
Fox, Reusch & Co., and Browning trict is scheduled to come to mar¬
& Co., was the only other bidder, ket
shortly with an offering of
and offered to pay 100.01 for 4V2S.
the 1929
which prohibited
from borrowing money
for any purposes.
callable
are
notice.
act
legislative
''-
.
Y.
Mayor Rudolph Roulier
announced the repeal of
'
I* .Koy.
the same for all of the as 1%'s, at a price of 100.64, a basis
Bond 6ffering—tl. D. Goodyear,
bonds. Dated Jan. 31, 1947. Prih. of about 1.41%. Dated Dec. 1,1946.
and int. payable at the District Due $3,000 from Dec. 1, 1947 to Village Clerk, will receive bids
Treasurer's
office.
A
certified 1961, incl. Interest payable J-D. until noon on March 1, for the
check for 2% of the amount of Second best bidder was Browning purchase of $2,700 3% fire depart¬
ment
equipment bonds.
Dated
the bonds, payable to the District, & Co., offering 100.783 for 1%%
March 1,1947. Denominations $500,
bonds.
must accompany the bid.
one for $700. These bonds are due
Cincinnati, Ohio
March 1, as follows: $500 in 1948
NORTH CAROLINA
to 1951, and "$700 iii 1952. Bidders
Bonds
Authorized — The
City
Glen Alpine, N. C.
Council has passed an ordinance may bid for a different rate of
Bond Sale—The $65,000 coupon
calling for an issue of $31,000 2% interest in multiples of % of 1%.
water bonds offered Feb. 11—v. recreation
and
equipment pur¬ A "certified check for $50, payable
165, p. 857—were awarded to the chase bonds. Dated March 1,1947. to the Village, is required.
Vance Securities Corp., of Greens¬
These bonds are due Sept. 1, as
Lynchburg School District, Ohio
boro, and J. Lee Peeler & Co., of follows: $7,000 in 1948, and $6,000
Bond Offering1—Joseph J. Wig¬
Durham, jointly, as 4V2S, at a price in 1949 to 1952.
" ] 1
gins, Clerk of the Board of Trus¬
|
of 100.023, a basis of about 4.49%.
tees, will receive sealed bids until
Dated Feb. 1, 1947 and due on
Clearcreek Township Rural 1
Feb. 24 for the purchase of $107,School District (P. O.
Feb. 1 from 1950 to 1987 incl. The
of from 1% to 6 %s progress¬
by quarters practically
throughout, and the years covered
bonds
are from one to 30, and five-year
range
rently
•
and must be
Y.
Yield Differentials
bond department
of the Chase National Bank, City
of New York, is distributing
a
book compiled and published by
George Holzman, Assistant Cash¬
ier of the bank, showing values of
.05% yield differentials for the
convenience of bond buyers and
traders in determining at a glance
the amount of dollars and cents
which each .05% in yield repre¬
sents when buying,^ selling or ap¬
praising bonds at yield basis. The
Values
-
-
ll
,
Chase National Bank, N.
"
"•
■•■
,,•
Plans
500
school
bonds.
This
issue
offered for sale on Feb. 7—v. 165,
t>. 731—were awarded to the Scio
Bank Co., of' SciO, according to
the Village Clerk, 'bated Feb. 1,
•
Due $250 on May and Nov.
1947.
1, in 1948 to 1957, inclusive. Sec¬
ond best bidder ' Was the Cummings Trust Co., of Cafrollton.
Verona, Ohio
Bond
Sale —The
offered for
bonds
truck
il
■
$2,500
fire
sale
on
:awarded to the Peo¬
ples Banking CO.; of Lewi'sburg,
05 4s, at a price "Of par. Interest
payable A*0. Dated Dec. 1, 1946.
Feb. 6, were
bonds
These
due
are
$125
on
jg|
I!
April and Oct. 1, in 1948 to 1957,
inclusive.
was
approved at the primary election
on May 7,
1946.
e
(P. O.
Westerville), Ohio v
Bond Sale«-The $250,000 build¬
W ester ville Seh. Dist.
ing bonds offered for sale on Feb.
10—v. 165,
YSi—were awarded
to Sweney, CartWright & Co., of
Bond Offering—John H. EiSa$88,000 3% school building bonds.
Columbus, as. l%s, at a price of
The original sale of these bonds, man, Clerk of the Board of Educa¬
101.76, a basis ,of about 1.59%.
in 1946, had to be canceled owing tion, will receive sealed bids until
Dated Jan. 1, 1947. Due on Dec.
to an error in the transcript of noon on Feb. 27 for the purchase
1, in 1948 to 1970, inclusive.
In¬
of
2,011,000 2%
unlimited tax
proceedings.
terest payable J-D. Second high¬
coupon school bonds. Dated April
est bidder was Braun, Bosworth
Dorset Local Sch. Dist., Ohio
1, 1947.
Denom. $1,000.
Interest
6 Co., Inc., offering
100.92 for
Bond Sale—The $73,000 build¬ 'A-O. Due $50,000 April and Oct.
1%% bonds.
ing bonds offered for sale on Feb. 1, 1948 to 1956, and;!$50,000 April
10—v. 165, p. 587—were awarded and $51,000 Oct. 1, 1957 " to 1967.
OKLAHOMA
to
Paine,
Webber,
Jackson & Bidders may bid for a different
Chickasha, Okla.
Curtis, of Chicago. Dated Jan. 1, rate of interest in multiples of Va
Bonds Defeated—The following
1947.
Denominations $1,000 and of 1%. No bids for less than par
Mansfield
City Sch. Dist., Ohio
$650. These bonds are due $3,650 and accrued interest. The approv¬ bond issue proposals were de¬
year thereafter. Said bonds will be
announcement, the issued under authority of Chapter, Sept. 1, 1948 to 1967.
ing opinion of Squire, Sanders & feated at the Feb. 4 election: $300,Mayor declared that the city is
Dempsey, of Cleveland will be 000 sewer system improvement
156, 1943 North Carolina General
Hamilton City Sch. Dist. (P. O.
now within its legal debt limit of
furnished
the purchaser.
These and extension and $10,000 street
Statutes, and amendments thereto.
Hamilton), Ohio
bonds
are
the
$750,000 and may resort to the A certified check for 10% of the
balance of the improvement.
Bond Offering—Sealed bids will $2,111,000 issue authorized at the
issuance of bonds in order to fi¬
Marland, Okla.
bid, payable to the District, is re¬
nance
necessary public improve¬
be received until noon (EST), on November election in 1945.
En¬
quired.
,
Bonds Sold—C. T. Case, Town
ments.
March 4, by Ruth W. Grace, Clerk close a certified check for $25,000,
Clerk, has advised that an issue
Valdese, N. C.
of the Board of Education, for the payable to the Board of Education
of $4,800 water works bonds was
New York City Housing Authority,
Bond Offering—Sealed bids will
purchase of $4,290,000 1%% con¬
New York
sold recently.
These bonds were
be received until 11 a.m. (EST), struction bonds.
Martinsburg School District, Ohio
Denom. $1,000.
Bond Election—The issuance of authorized at the election held on
Notes
Sold —The
$14,715,000 on Feb. 18, by W. E. Easterling, Dated March 15, 1947. Due as fol¬
temporary
loan
notes
(Issue Secretary of the Local Govern¬ lows: $93,000 on June and Dec. 1, $216,000 construction bonds will Feb. 6.
XXII), dated Feb. 27, 1947 and ment Commission, at his office in 1948 to 1958, and $93,000 on June be submitted to the voteds at an
OREGON
election scheduled for March 18.
due Aug. 27, 1947, for which bids Raleigh, for the purchase of the
1, and $94,000 on Dec. 1, in 1959 to
Home Water District (P.
were
opened Feb. 13—v. 165, p. following coupon bonds aggregat¬ 1970. Bidders may specify a dif¬
Norton Local Sch. Dist., Ohio
857—were awarded as follows:
(P. O. Multnomah), Ore.
ing
$157,000:
$100,000 sanitary ferent rate of interest in multiple's
Bond Sale
The $254,000 im¬
Bond Sale—The issue of $245,sewer, and $57,000 water bonds. of Va of 1%.
These bonds were
$8,776,000 at 0.83% interest to a
provement bonds offered Feb. 10— 000 bonds offered Feb. 10—v. 165,
syndicate composed of the Interest rate is not to exceed 6%, voted on Jan. 21, and Will be pay¬ v.
165, p. 587—Were awarded to
p. 858—was awarded to the First
Chemical Bank & Trust Co., payable M-S. Rate or rates to be able from an unlimited general ad
Fahey, Clark & Co., of Cleveland National Bank of Portland, as
National City Bank of New in multiples of Va of 1%. No bic
valorem tax. Prin. and int. (J-D)
as 2s, at a price of 100.667, a basis
iy2s, at a price of 98.17, a basis of
York, Guaranty Trust Co. of may name more than three inter¬ payable at the First National Bank
of about 1.936%.
Dated Jan. 1
about 1.72%. Dated Jan. 1, 1947
New York, Bank of America est rates, and each bid must speci¬ & Trust Co., Hamilton. No bid is
1947 and due on June 1 and Dec
and due serially on Jan. 1 from
National Trust & Savings As¬ fy the amount of bonds of each to be for less than par and accrued
1 from 1948 to 1969 incl. Second
1949 to 1963 incl.
sociation, of San Francisco, rate. Each rate must be bid for interest.
The approving opinion
high bid of 101.88 for 2Vas was
Bankers Trust Co. and Brown bonds of consecutive maturities. of Squire, Sanders & Dempsey, of
Merrill, Ore.
made by Ryan, Sutherland & Co
Bros. Harriman & Co., both of Denom.
$1,000. Dated March 1, Cleveland, Will be furnished. A
Bond Sale Details—The $75,000
aid.
In
his
—
New York.
ed
of:
Purchase consist-*
$1,026,000 first series;
$1,000,000 each of series two.
three, four and six; $750,000
each of series 11, 12 and 13;
March 1; $4,000 in $50,000 certified check, payable to
$7,000 in 1959 to 1961, the Clerk-Treasurer, must accom¬
$10,000 in 1962 to 1971. Prin. pany the bid.
int. payable in New York
1947.. Due
on
1950 to 1958,
and
and
Ohio
Tax
Local
(State of)
Would Increase
Program
Revenues—A
tax
program
bonds
awarded to the First Na¬
Portland, as
price of 98.00—v. 165, p.
tional Bank, of
at
a
3V2S,
119—
designed to add $8,500,000 to the mature as follows;
Registerable as to principa"
Hicksville, Ohio
$21,000,000 allocated to local gov¬ $50,000 water system bonds. Due
general obligations; un¬
Bond Sale Postponed—It is stat¬ ernments by the State in 1946 has
$2,000 from Jan. 1, 1947 to
and 18.
limited tax.
No bid of less than
ed by Fry Harkey, Village Clerk, been recommended to the State
1971.
par and accrued interest will be that the sale of the
2,000,000 at 0.81 % interest to the
$18,000 water legislature by C. Llnory Glander,
25,000 sewer system bonds. Due
Commercial National Bank & considered. Bids to be on forms works extension bonds has been State Tax Commissioner. Of the
$1,000 from Jan. V 1947 to
Trust Co., of New York, con¬ furnished by the above Secretary
1971.
postponed from the original date potential aggregate of $29,500,000,
sisting of $1,000,000 each of The approving opinion of Masslich of Feb. 8—v. 165, p. 858—until the State would provide $12,000,All of said bonds will be call¬
& Mitchell, of New York City, will
series eight and nine.
000 directly from the proceeds of
March 1.
Interest rate is not to
able on any interest payment date
be furnished. A $13,140 certified
exceed
4%, payable M-S.
De¬ its sale tax income. In addition, after three years.
1,689,000 at 0.82% interest, plus
Net income
check,
payable
to
the State nomination $1,000. Dated March the State would increase the local
premiums of $15 and $9, re¬
basis of about 3.695%.
Treasurer,
must accompany the
share of various other taxes and
spectively,
to
the Central
1, 1947. Due $1,000 on March and
bid.
Yamhill County Sch. Dist. No. 40
Hanover Bank & Trust Co.,
Sept. 1, from 1948 to 1956, inclu¬ vacate certain of its tax fields in
(P. O. Amity), Ore.
New
York.
Total
incltides
sive.
Rate of interest to be in favor of local governments. Under
NORTH DAKOTA
Bond Elections—The issuance of
multiples of Va of 1%.
A $250 the latter provision, the following
$1,000,000 of seventh series
certified check,
and $689,000 of 10th series.
Grand Folks Indep. Sch. Dist.
payable to the taxes could be levied locally at the $40,000 construction bonds will be
submitted to the voters at an elec¬
No. 1, N. Dak.
Village Treasurer, must accom¬ discretion of the political units:
1,000,000 at 0.83% interest (fifth
tion scheduled for Feb. 18.
Bond
(1) Admission taxes, annual
Offering—The Secretary pany the bid;
series) to the Manufacturers
of the Board of Education will re¬
yield now about $3,000,000.
Trust Co., of New York.
Hillsboro Exempted Village Sch.
PENNSYLVANIA
(2) Tax on deposits and shares
ceive sealed bids until March 12
Dist. (P. O. Hillsboro), Ohio
750,000 at 0.79% interest, plus
in financial institutions, to yield
for the purchase of $650,000 school
Bart Township Sch. Dist. (P. O.
Bond Sale—The $70,000 build¬
$2 premium, (14th series) to
$12,000,000.
Bart), Pa.
R.
W. Pressprich & Co.
of building bonds. This issue was ing improvement bonds offered
(3) Cigarette license fees, to
approved at an election on Dec. 24.
New York.
Bonds Voted—An issue of $29,for sale on Feb. 7—v. 165, p. 587
yield $500,000.
Williston, N. Dak.
—were
awarded to the Farmers
500,000 at 0.78% interest, plus
The program also provides for 000 construction bonds was favor¬
Bond Election—An issue of $50,- & Traders Bank of Hillsboro, as State assumption of about $2,000,- ably voted at the election held on
$2 premium (15th series) to
the United States Trust Co. of 000
storm sewer bonds
will be IVas, at par, according to the 000 in court costs now assumed Feb. 4.
New York.
submitted to the voters at the Clerk of the Board of Education. by subdivisions.
Lafayette Township Sch. Dist.
Dated Jan.
15, 1947.
Due from
election to be held on Feb. 17.
(P. O. Mount Alton), Pa.
Salina, Lyncourt Fire District, N. Y.
Pomeroy, Ohio
Jan. 15, 1949 to 1960, inclusive.
Bond Election—At an election on
Bond Offering—Sealed bids will
Bonds Authorized—the Village
Interest payable J-J. Second best
OHIO
March 4 the voters will consider
be received by Robert Kelly, Dis¬
bidder was J. A. White & Co., of¬ Council passed an ordinance call¬
an issue of $75,000 school building
Black River Township (P. O.
trict Treasurer, at the office of
ing for the issuance of $100,000
fering 101.23 for IV2S.
construction and equipment bonds.:
Lorain), Ohio
storm sewer bonds, voted at the
Costello, Cooney & Fearon, 930
$500,000 each of series 16,
17
City.
alone;
,
•
Notes
Offered — Sealed
bids Jackson
Building,
Syracuse,
Township Local Sch. Dist. November election in 1946.
N. Y., until 2 p.m. on Feb. 21, for were received by the Township
(P. O. R. D. No. 4, Massillon),
Prairie Local Sch. Dist. (P. O.
Clerk until Feb. 15, for the pur¬
Ohio
the
purchase of the following
Columbus), Ohio
coupon or registered bonds total¬ chase of $4,000 not to exceed 6%
Bond Sale—The $350,000 cou¬
Bond Sale—The $231,000 build¬
fire alarm system notes. Due $500
ing $17,000:
pon school bonds offered for sale
ing bonds offered for sale on Feb.
on Oct. 1, 1947, and on April and
on
Feb. 7—v. 165, p. 387—were
$12,000 building bonds. Due $800
5—v. 165, p. 587—were awarded
Oct. 1, from April 1, 1948 to April
from Jan. 31,
1948 to 1962,
awarded to Halsey, Stuart & Co.,
to J. A. White & Co., of Cincin¬
1,1951. Interest payable A-O.
incl.
Inc., as 2s, at a price of 102.12, nati. Dated Jan. 1, 1947. Due on
a
basis of about 1.77%.
Dated June and Dec.
5,000 equipment bonds. Due $1,Bloomingsburg Local Sch. Dist.
1, 1948 to 1971, in¬
000 from Jan. 31, 1948 to 1952,
Feb. 1, 1947.
Due on June and clusive.
(P. O. Bloomingsburg), Ohio
University
incl.
Interest
Bond Sale—The
rate
is
not
to
exceed
bonds offered for
Dec.
sale on Feb. 8—
Interest
5%, payable J-J. Rate to be in v. 165, p. 587—were awarded to
multiples of J4 or l/10th of 1%, J. A. White & Co., of Cincinnati,
1, in 1948 to 1967, inclusive.
$45,000 building
bidder
payable J-D. Second best
Hayden, Miller & Co.,
was
offering 102.08 for 2% bonds.
Morrisville, Pa.
Bond Election
sue
of $120,000
Planned—An is¬
water works
plant
will be submitted to the
voters at the primary election to
bonds
be held
this spring.
Pennsylvania
(Commonwealth of)
Bond Issue Pro¬
Soldier Bonus
bill Ihas been intro¬
the State Legislature
providing for a $600,000,000 bond
Sherrodsville, Ohio
to financej payment of a
Bond Sale—The $5,000 munici¬ issue
bonus to veterans of the recent
pal building and fire struck bonds
posed—A
duced
in
000 in
would have to
submitted for consideration of
war.-The measure
be
the
voters
a
as
last December by
Constitutional
the First State
Bank, of Carthage: $10,000 water
works construction, general obli¬
Monday, February 17, 1947
& FINANCIAL CHRONICLE
THE COMMERCIAL
988
Dist.
Kaufman County Levee Imp.
No. 4, Texas
Hearing
on
to
1956, and $7,-
000 1957 to 1966, as 2s.
All of the bonds
Composition
Debt
1953
dated Nov.
are
issued and sold the bonds not to
sold will be taken from
be
last
those
according
to the:
1, 1946. Denom. $1,000. Principal
above
schedule
or
any
other
and interest (M-N) payable at the
maturity schedule which may be,
City Treasurer's office or at the
submitted. The Town has reserved <
fiscal agency of the City in New
the right to redeem any or all of
York City. Successful bidder to
these bonds at par in inverse nu¬
furnish approving legal opinion of
merical order on any interest pay¬
Chapman & Cutler of New York
ment date on and after five years
City.
maturing
Hearing on
a
proposed
composition plan covering all
of the district's indebtedness will
Scranton Sch. Dial. (P. O.
be held at 11 a.m. on April 21 in
Crane, Texas
Scranton), Pa.
Bonds Sold—An issue of $15,000 the United States District Court
Bond Sale—The $125,000 coupon
for the Northern District of Texas,
3% semi-annual Series of 1946,
refunding bonds offered Feb. 10
Federal
Bldg., Dallas. Creditors
v.
165, p. 732—were awarded to sanitary sewer system bonds was
from the date of issue. The ap¬
will be afforded an opportunity to
A. Webster Dougherty & Co. of purchased recently by the First
Shakelford County (P. O.
proving opinion of Preston, Thorvoice their views with respect to
Philadelphia, as l%s, at a price of Texas Corp., of San Antonio,
Albany), Texas
grimson, Horowitz & Turner, of
the plan and the advisability of
of 100.367, a basis of about 1.427%. at a price of 104.166. Dated Oct. 1,
Bonds Not Sold—The $150,000 Seattle, will be furnished. Enclose
the issuance of a court order plac¬
Dated ~ Feb.
15, ~ 1947 and due 1946. Legality approved by Du¬
ing it into effect. Those desiring to road bonds offered for sale on a certified check for 5% of the
mas & Huguenin, of Dallas.
aerially on Feb. 15 from 1948 to
participate in the hearing are re¬ Feb. 11—v. 165, p. 732—were not amount bid.
1957 incl. Second high bid of 100.Dallas, Texas
quired to file proof of their claims sold. These bonds were approved
338 for V/zS was made by a group
Bonds To Be Placed On Mar-; with George W. Parker, Clerk of by the voters at the election held
WEST VIRGINIA
composed of Moore, Leonard & ket—It is reported that an issue
on Jan. 11.
the Court, on or before April 21.
Bluefield, W. Va.
JLynch, Singer, Deane & Scribner, of
$2,000,000 school bonds will be
Tarrant County (P. O. Fort
and Phillips, Schmertz & RobmParking Project Pamphlet Is¬
placed
on
the market
about
Marlin, Texas
Worth), Texas
sued—In consequence of the in¬
son.
March 1.
These bonds are part
Igopd
Election—An
issue
of
Refunding Bonds Held Not Op¬ terest evidenced in the project
of the $10,000,000 issue approved
West Pottsgrove Township (P. O.
$529,000 water works improve¬ tional—A recent opinion of the from all
parts of the country^ a
at the election held on Dec. 8,
Stowe), Pa.
ment bonds will be submitted to Texas
Supreme Court reverses the bulletin explaining the nature of
1945.
the voters at the election to be
Bond Offering—Russel P. Yost,
judgments of the trial court and the city's Parking Building has;
held on March 4.
Floydada, Texas
the Court of Civil Appeals in the been prepared
Secretary of the Board of Com¬
by City Manager
Bonds Sold—An issue of $25,000
missioners,
will receive sealed
case of State National Bank of El
E.
P. Mitchell.
Copies of the:
Meridian, Texas
bids until 8 p.m. (EST) on March park* bonds was purchased
re¬
Paso v. Tarrant County.
tract may
be obtained without
Bonds Sold—The City Secretary
5 for the purchase of $80,000 %, cently by Crummer & Co., Inc.,
The County, in 1944, published cost on application to
Scott, Hor¬
states that the following bonds
a
notice of call of $360,000 1922 ner &
%, 1, V/s, VA, 1%, IV2, 1%, 1 %, of Texas, of Dallas, as 3s. Dated
Mason, Inc., Law Bldg.,
Dec. 1, 1946.
Legality approved totaling $30,000, approved by the Highway Refunding bonds matur¬ Lynchburg, Va., the investment
1%, 2, 2Vs, 2y4, 2%, or 2V2%,
voters on Oct. 15, were sold on
sewer coupon bonds.
Dated June by Dumas & Huguenin, of Dallas.
ing serially to 1952. The State dealers who underwrote the bonds,
-J i1
Dec. 1, 1946: $24,000 street, and
National Bank of El Paso refused issued for the project.
1,
1947.
Denomination $1,000.
Harris County (P. O. Houston),
$6,000 fire truck bonds.
These bonds are due $4,000 June
gation, and $15,000 water works
construction, revenue bonds.
amendment.
'
Plan
—
debt
,
,
1
'
t
1949 to 1968. The approving
opinion of High, Swartz, Flynn
6 Roberts, of Norristown, will
be furnished the successful bid¬
der. A certified check for $1,700,
"*•
Township, is re¬
payable to the
quired.
:
Brookings, S. Dak.
Election — An
issue
electric
$250,000
W.
Charles
—
is
It
stated
by
B
of
—
payment on March 10. Dated
10, 1942. Due $100,000 on
March 10, in 1948 to 1962.
Pay¬
able at the National Bank of Com¬
to
submitted
the
of
issue
An
$60,000 improvement bonds
bonds are being called
1942
Election
Bond
$22,000 of the bonds
contending that Article 657, under
which
the
1922
funding bonds
Texas
Richardson,
County
Plowden,
Treasurer, that a total of $1,500,000 2.20% road and bridge, Series
voters
give the
County the right of redemption
prior to maturity. The County had
called them under the ruling in
the Cochran County case. Coun¬
will be
the
1.
at
election to be held on March
of
plant
of Houston, or at the Chase
National' Bank, New York City.
Interest teases on date called.
merce,
Bond Sale—The following
to
on
Bond
Henderson, Texas
Sale Details—The
$275,-
bonds awardon January 31 to the Dallas Union
Trust Co., of Dallas—v. 165, p.
000 various purpose
Rockwood,, Tenn.
sel
pubr,
syndicate
of
composed
City Bank, of
Drexel
&
Weeden &
the
does
the
for
El
WISCONSIN
Three Lakes, Wis.
Bonds Defeated
An issue of
not
Bank
Paso
—
$55,000 airport construction bonds
defeated
was
at
the Feb.
3
elec¬
tion.
was
WYOMING
Dhrrias and Huguenin, and McCall,
improvement bonds amounting
Parkhurst
$5,700,000 and offered ;fbr sale' Dallas.
Feb. 13, were awarded to a
tional
Feb. 20.
TENNESSEE
San Antonio, Texas
lie
issued,
were
for
revenue
bonds will be submitted to the
voters at the election to be held
on
Call
Bond
March
SOUTH DAKOTA
Bond
to surrender
Texas
1,
Na¬
various issues of
$110,000
will
at
submitted
be
election
the
8
the
issue
an
an
of
election;
will
voters
con¬
$65,000 airport
bonds.
bonds
voters
held on
the
to
be
to
of
Election—At
March
sider
issue
Election—An
Bond
& Co., both
of New York, Barcus,
Kindred & Co., of Chicago, Na¬
tional
State Bank,
of Newark,
Lobdell
&
Co., of New York,
Newburger & Hano, of Philadel¬
phia, Hannahs, Ballin & Lee, of
New York, Ellis & Co., of Cincin¬
Bond
on
Terrell, Texas
New York,
Co., of Philadelphia,
Co., Laurence M. Marks
of
both
Crowe,
&
Rawlins, Wyo.
March 18.
Ragle. 262—were sold at a price of
Tyler, Texas
QUEBEC
Bonds Sold
It is stated that
City Recorder, will,receive sealed 100.44, a net interest cost of about
Montreal, Que.
2.37% as follows:
bids until 8 p.m. on Feb. 21 for the
$31,000 airport bonds were pur¬
Issue Filed With SEC
The
chased recently by local banks as
purchase of $300,000 not to exceed $22,500 water improvement bonds,
First Boston Corp., New York, will,
2 Vz %
as
interest
electric
system
lVks. Due June 1, as fol¬ nati, J. C. Bradford & Co., of IV2S, at a price of 100.16.
head a syndicate in the public of¬
lows: $5,500 in 1948, $5,000 in
revenue, series B bonds. " Dated
Nashville, Lyons & Shafto, of Bos¬
Victoria County Navigation Dist.
fering in the United States of $77,Dec. 1, 1946/ Denom. $1,000. In¬
1949, and $6,000 in 1950 and ton,
First Cleveland Corp., of
(P. O. Victoria), Texas
Bond Offering—Clifford
.
—
—
„
terest J-D.
Due June 1, as follows:
$22,000 in 1948, $23,000 in 1949 and
1950, $24,000 in 1951 to 1953, $25,C00 in 1954, $26,000 in 1955 and
.
whi$i mature on June 1, 1953.
and' thereafter, shall be callable
for redemption at the option of
the
in
City
numerical
inverse
and there¬
after on any interest payment date
prior to maturity at par plus ac¬
crued interest to the date fixed
order
on
June 1, 1952,
redemption plus a premium of
for
$25 for each bond redeemed prior
maturity on or prior to June 1,
to
1956," and a premium of $10 for
each bond redeemed prior to ma¬
turity after June 1, 1956. Rate of
interest to be in multiples of lA of
1951.
$47,000 maturing $5,000 June
1, 1959 £nd i960, $6,000 in
1961 to 1964, $7,000 in 1965,
and $6,000 in 1966, as 2%s.
80,000 street improvement bonds,
for $36,000 maturing
$1,000
June 1, 1948 to 1950, $2,000
in 1951, $4,000 in 1952 to 1955,
$5,000 in 1956 to 1958, as 2lAs,
and $44,000 maturing $5,000
June 1, 1959 to 1965, and $6,000 in 1966, as 2V2s.
7,500 park bonds, as IV2S. Due
June 1, as follows: $2,500 in
1948, $3,000 in 1949, and $2,000 in 1950.
than two rates
should be specified and there shall
Not
1%,
no more
are
on
bonds, Refunding Series A, and
any other obligations which may
be issued in the future on a parity
under the provisions of the resolu¬
authorizing
tion
payable
from
bonds,
the
the
net
V
are
revenues
derived from the operation of
If
$1,750,000 series A-45, interre¬
gional highway bonds.
For
$435,000 maturing $87,000
the
plans
market
Financing
call for
April
in
the
City's electric distribution system.
The City will supply the approv¬
placing
May,
or
1957 to 1966, as
Houston
Indep. Sch. Dist. (P. O
Houston), Texas
Bond Uall—It is stated by H. L.
Mills, Business Manager of the
Board of Education, that Stadium,
Field House and Recreational Fa¬
Nos.
^
■
'it Beckville, Texas
Administration
000
M°^nh 15.
as
as
of
suance
bonds
was
follows: $38.-
Bonds Sold—The City Secretary .000 in 1969, and $41,000 in 1970
the following bonds and 1971. Interest peases on date L-'
totaling $25,000, were purchased called: K :t'
election
$500,000 rigftt-of-way
approved by the voters.
WASHINGTON
Clark County, Evergreen
W. 114
(P. O. Route 1,
Vancouver), Wash.
Bonds Sold—The
$80,000 school
bonds, for which all bids received
on
Nov. 15, 1946, were rejected,
have since been sold.
Garfield County,
Garfield Public
Hosp. Dist. (P. O. Pomeroy),
Sale—The
Bond
$75,000
3%
1952
bonds
are
to
due
1966.
Building
For $375,000
maturing
$75,000
Nov.
2s.
,
$102,000 maturing Nov. 1, $8,-
on
Feb. 5 and the
ac¬
tual
offering of the debentures is;
expected to take place on Feb. 24.
Simultaneously with the offering
in
this
country,
Canadian
Canada
syndicate
a
of;
offer
in,
will
bankers
additional
$31,948,000*
of
Canadian
pay
debentures to'
mature serially from 1955 to 1973
an
incl. Proceeds of both issues will
tion
offered for sale
on Feb. 8, were awarded locally,
at a price of par.
Dated March
1, 1947. Denomination $500. These
bonds
registration statement covering
impending operation was filed',
with the Securities and Exchange?
the
be used by
Wash.
hospital
A
Commission
Sch. Dist.
the city in the redemp¬
May 1, 1947, of $78,036,213
of outstanding debentures payable;
in
on
U.
funds
S.
and
$26,805,503'
payable in Canadian
Funds needed for the
debentures
currency.
redemptions, aside from proceeds
$5,000 March 1, of the refunding sales, will be sup¬
Interest payable plied by the city. Bond
Ellensburg Cons.
Sch. Dist. (P. O. Ellens¬
burg), Wash.
Kittitas County,
Redemption Notice—It is
stated by L.
Roberge, Director of
Finance, that the city's 3%,
4%% and 5%, 1944 Refunding,
and "B," debentures,
1, 1948 to 1954, are
called for payment, at their face
be submitted to the voters at the
regular school election to be held value, on May 1. The debentures
will be paid in Canadian currencyon March 1.
only, at 100% of the face value
with accrued interest to redemp¬
Wapato, Wash.
Bond
Offering — The
Town tion date.
Bearers
of
such
debentures
Clerk
will
receive sealed
bids
until 8 p.m. on Feb. 24 for the should on or after May 1, present
purchase of not less than $240,000 them for payment at their option,
not
more
than
$250,000 water at the Bank of Montreal, the
Bond
$295,000
Election—An
issue
of
construction bonds will
series E-45, Garbage revenue bonds. Dated Jan. 1, 1947.
Disposal bonds. For $75,000 Denom. $1,000. Due Jan. 1, as fol¬
maturing $15,000 Nov. 1, 1947 lows: $3,000 in 1948, $4,000 in
to 1951, as 2V2S, $15,000 ma¬ 4949, $5,000 in 1950, $6,000 in 1951,
turing Nov. 1, 1952, as 2V4S, $7,000 in 1952, $9,000 in 1953, $10,and $210,000 maturing $15,- 000 in 1954, $11,000 in 1955 to
000 Nov. 1,1953 to 1968, as 2s.
1964, and $12,000 in 1965 to 1972.
150,000 series U-45, Fire Sta¬ Bidders are granted the option to
tion bonds. For $40,000 ma¬ submit a bid for said bonds with a
turing $8,000 Nov. 1, 1947 to maturity schedule otb/?r than the
1951, as 2Y2S, $8,000 maturing one above set forth M they so
Nov; 1, 1952, as 2%$, and desire, i If 1 bonds in 4 ; principal
states, that,
recent
300,000
/
/
a
M-S.
2,000,000 series C-45, Street and
Bridge bonds.
For $500,000
maturing
$100,000
Nov.
1,
1947 to 1951, as 2y2s, $100,000 maturing Nov. 1, 1952, as
2^4s, and $1,400,000 maturing
$100,000 Nov. 1, 1953 to 1966,
Board of Trustees.
Mie
2s.
maturing
$75,000 Nov. 1, 1947 to 1951, as
2V2S, $75,000 maturing Nov.
1, 1952, as 21/4S, and $1,050,-
bonds.
537
ing opinion of Chapman & Cutler to
650, and 695 to 700, aggregating
of Chicago, and all bids must be
$120,000, are called for payment
so conditioned.
No bids will be on
March 15, at the First National
accepted for less than par and ac¬ Bank in
Houston, at par, plus 5%,
crued interest. Enclose a certified
in conformance with the original
check for 2% of the bonds, pay¬
bond order authorizing the issu¬
able to the City Treasurer.
ance of the bonds,
and pursuant
^ the r»onintion
passed by the
TEXAS
'
2V2S,
1, 1953 to 1966, as 2s.
bonds
811,000 refunding debentures of'
reported that the city which are to be
payable un
the creation U. S.
currency and mature serially
of the above district and the is¬ on Oct. 15 from 1947 to 1967 incl.:
Bonds Voted—It is
at
series B-45, Airport
1,500,000
sewage
bonds.,
Revenue
as
1952,
maturing Nov. 1, $87,000 in
1953 to 1956, and $88,000 in
—
bonds,
1,000,000 storm sewage bonds.
300,000 right-of-way bonds.
200,000 Street topping bonds.
400,000 permanent paving bonds
100,000 general improvement
cilities
1, 1947 to 1951,
maturing Nov. 1,
as 2V4S, and $1,228,000
the following bonds amounting to
City. The bonds $3,000,000:
issued for the purpose of con¬ $1,000,000 sanitary
structing, improving and extend¬
ing the electric system of the City
and, together with $94,000 out¬
standing Electric System Revenue
'
leans, Westheimer & Co., of Cin¬
cinnati, and Ginther & Co., of
Cleveland at a price of 100.005,
a net interest cost of 2.04-238% :
$87,000
terest cost to the
itV.
Co., of Dallas, M. E.
Allison & Co., Columbian Securi¬
ties Corp. of Texas, both of San
Antonio, Dolphin & Co., of Phila¬
delphia, Miller, Kenower & Co.,
of Detroit, Phillips, Schmertz &
Robinson, of Pittsburgh, White,
Hattier & Sanford, of New Or¬
Nov.
Bond
&
Southwest
Houston, Texas
Proposed
Tentative
Winthrop
Co., of New York, First National
Bank, of Minneapolis, First Na¬
tional Bank, of St. Paul, James
C. Tucker & Co., of Austin,.First
more
than one rate for any
one maturity.
The bonds will be
awarded to the responsible bidder
whose bid results in the lowest in¬
be
Robert
Cleveland,
90,000 sewer improvement bonds,
for $43,000
maturing $2,000
June 1, 1948 to 1951, $5,000
in 1952 to 1958, as 2V4S, and
amount
Series
due
"A"
Nov.
Banque Canadienne Nationale, the
ROyal Bank of Canada, or the:
Provincial
in
cated
Bank
the
of
cities
Canada
of
lo¬
Montreal,
Toronto, Halifax, St. John, N. B.,
Quebec, Winnipeg or Vancouver.
The
Debentures
tached
all
should
interest
have
coupons
at¬
ma¬
turing after May 1, 1947. Deben¬
registered as to principal
must be accompanied by the as¬
tures
signment
or
transfer powers duly
jes^Jhan.^O^Quq are executed in blank.
At
@FedFRASER